2016-02-10T09:19:14-06:00 2015-06-30 161131146 BONADIO & CO LLP 6 WEMBLEY COURT ALBANY NY 12205 990 2014-07-01 237066616 PURCHASE COLLEGE FOUNDATION INC C/O SUNY PURCHASE PURC 9142516139 735 ANDERSON HILL ROAD PURCHASE NY 10577 ELIZABETH ROBERTSON INTERIM EXECUTIVE DIRECTOR 9142516139 2016-02-02 1 TERRI CONRAD REGAN P00449706 5184644080 2014 2016-04-25 22:37:26Z JEANNINE STAR 735 ANDERSON HILL ROAD PURCHASE NY 10577 19069059 0 X N/A X 1969 NY THE FOUNDATION WAS INCORPORATED UNDER THE NOT-FOR-PROFIT LAWS OF THE STATE OF NEW YORK FOR THE PROMOTION AND SUPPORT OF PURCHASE COLLEGE, STATE UNIVERSITY OF NEW YORK. UNIQUELY, PURCHASE COLLEGE COMBINES BOTH RENOWNED AND HIGHLY SELECTIVE PROFESSIONAL AND CONSERVATORY ARTS PROGRAMS WITH DISTINGUISHED LIBERAL ARTS AND SCIENCES PROGRAMS. THE LARGEST PROGRAMS ARE IN VISUAL ARTS, MUSIC, LIBERAL STUDIES, PSYCHOLOGY, DANCE, BIOLOGY, JOURNALISM AND NEW MEDIA. 21 21 319 95 0 0 1964124 5761032 2668076 3030676 5574469 4053078 0 0 10206669 12844786 1865300 1884001 0 0 1702195 1653520 0 0 617748 3508380 4501063 7075875 8038584 3130794 4806202 72626581 76692204 3098731 4519962 69527850 72172242 X THE FOUNDATION WAS INCORPORATED UNDER THE NOT-FOR-PROFIT LAWS OF THE STATE OF NEW YORK FOR THE PROMOTION OF LITERATURE, HISTORY, VISUAL AND PERFORMING ARTS, SCIENCE AND OTHER DEPARTMENTS OF EDUCATION AT THE STATE UNIVERSITY OF NEW YORK AT PURCHASE. 0 0 3146765 2817482 THE PERFORMING ARTS CENTER, A FOUR THEATRE COMPLEX AT PURCHASE COLLEGE, IS THE MAJOR PROFESSIONAL, NOT-FOR-PROFIT ARTS PRESENTER IN SOUTHEASTERN NEW YORK-SOUTHWESTERN CONNECTICUT REGION. PRESENTATIONS INCLUDE PROFESSIONAL ARTISTS, SPECIAL PROGRAMS FOR K-12, VARIOUS SPECIAL EVENTS AND PRESENTATIONS BY PURCHASE COLLEGE CONSERVATORIES OF MUSIC, DANCE, AND THEATRE. 1784001 1784001 0 INSTITUTIONAL SCHOLARSHIPS ARE AWARDED BY THE COLLEGE USING FUNDS FROM THE PURCHASE COLLEGE FOUNDATION, AS WELL AS OTHER SOURCES. FOUNDATION FUNDS COME FROM THE GENEROUS CONTRIBUTIONS OF DONORS TO THE FOUNDATION. THESE DONORS ARE INDIVIDUALS, FAMILIES, FOUNDATIONS AND CORPORATIONS. DURING THE 2014-15 ACADEMIC YEAR, APPROXIMATELY 60% OF THE STUDENTS RECEIVED FINANCIAL AID. 589885 103817 THE NEUBERGER MUSEUM OF ART IS THE PREMIER MUSEUM OF MODERN, CONTEMPORARY AND AFRICAN ART IN WESTCHESTER AND FAIRFIELD COUNTIES. A TEACHING MUSEUM, THE NEUBERGER PROMOTES THE APPRECIATION AND ENJOYMENT OF THE VISUAL ARTS AS INSEPARABLE FROM AN UNDERSTANDING OF THEIR PLACE IN CULTURAL AND INTELLECTUAL HISTORY AND THEIR RELEVANCE TO CONTEMPORARY SOCIAL LIFE. AS AN INTEGRAL PART OF PURCHASE COLLEGE AND A VITAL CENTER OF THE COMMUNITY ENGAGEMENT, THE NEUBERGER SUPPORTS LIFELONG LEARNING BY TAKING A CRITICAL, INTERDISCIPLINARY APPROACH TO ITS COLLECTIONS, EXHIBITIONS, AND PUBLIC PROGRAMS. APPROXIMATELY 58,000 VISITORS ATTEND THE MUSEUM EACH YEAR. 882407 ACADEMIC PROGRAMS:THE FINANCIAL SUPPORT OF ACADEMIC PROGRAMS OF PURCHASE COLLEGE IS WIDE AND MEANINGFUL TO THE SUCCESS OF MEETING ACADEMIC OBJECTIVES. THIS SUPPORT INCLUDES FUNDS FOR ACADEMIC SALARIES, GUEST LECTURES, VISITING ARTISTS, TEACHING AND RESEARCH MATERIALS AND EXPENSES WITHIN THE SCHOOL OF ARTS AND THE SCHOOL OF THE LIBERAL ARTS AND SCIENCES. 268478 109377 PRODUCTIONS AND EXHIBITIONS: A NUMBER OF DONORS HAVE CONTRIBUTED SPECIFICALLY TO SUPPORT PRODUCTIONS AND EXHIBITIONS. THESE FUNDS PRIMARILY SUPPORT THE CONSERVATORY OF MUSIC'S SPRING OPERA, THE CONSERVATORY OF DANCE'S SPRING CONCERT AND THE CONSERVATORY OF THEATER ARTS AND REPERTORY THEATER. THESE FUNDS PROVIDE FOR MATERIALS TO BUILD SETS AND COSTUMES WHICH ARE CONSTRUCTED OR MADE IN THE DESIGN TECH PROGRAM. 26756 BACCALAUREATE AND BEYOND CENTER:THE COLLEGE HAS A VERY SUCCESSFUL AND NATIONALLY RECOGNIZED BACCALAUREATE AND BEYOND CENTER THAT HAS BECOME A SUNY-WIDE MODEL. THE CENTER'S GOALS INCLUDE INCREASING THE NUMBER OF UNDERREPRESENTED MINORITY, LOW-INCOME, AND FIRST GENERATION STUDENTS IN SELECTED SCIENCES AND THE HUMANITIES AND SUPPORTING THEIR ACADEMIC SUCCESS. THE PROGRAM IS SUPPORTED BY DONATIONS MADE THROUGH THE FOUNDATION. 100000 100000 PURCHASE COLLEGE ADVANCEMENT CORPORATION:DEVELOPING A SENIOR LEARNING COMMUNITY ON THE CAMPUS OF PURCHASE COLLEGE. 1277641 100000 109377 6798292 1 1 0 0 0 0 0 0 1 1 1 1 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 0 0 1 191 0 1 319 1 0 0 0 0 0 0 0 0 0 0 X 21 21 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 NY PA WA KY ME MA MI MN NH NJ OH SC CO CA FL NC X X KARL R DUCHEK 9142516139 735 ANDERSON HILL ROAD PURCHASE NY 105771400 X LUCILLE WERLINICH CHAIR 4.00 1.00 X X 0 0 0 DONALD CECIL FIRST VICE CHAIR 3.00 0.00 X X 0 0 0 ANN SCHEUER TREASURER 1.00 0.00 X X 0 0 0 DIAN PETRILLO SECRETARY 3.00 0.00 X X 0 0 0 CARL AUSTIN TRUSTEE 1.00 1.00 X 0 0 0 SUSAN DUBIN - EX OFFICIO TRUSTEE 1.00 0.00 X 0 0 0 THOMAS F EGAN TRUSTEE 2.00 0.00 X 0 0 0 ROBERT FEDER SECOND VICE CHAIR 2.00 2.00 X X 0 0 0 PETER M FISHBEIN TRUSTEE 3.00 0.00 X 0 0 0 LAWRENCE OTIS GRAHAM TRUSTEE 1.00 0.00 X 0 0 0 EMILY GRANT TRUSTEE 1.00 1.00 X 0 0 0 PHYLLIS HYACINTHE TRUSTEE 1.00 0.00 X 0 0 0 PATRICIA JACOBS TRUSTEE 2.00 0.00 X 0 0 0 WILLIAM KLINGENSTEIN TRUSTEE 1.00 0.00 X 0 0 0 DEBORAH SLANER LARKIN TRUSTEE 1.00 0.00 X 0 0 0 JOHN M TOLOMER TRUSTEE 1.00 0.00 X 0 0 0 ROBERT F WEINBERG TRUSTEE 1.00 0.00 X 0 0 0 JUDITH J NOLAN - EX OFFICIO TRUSTEE 1.00 1.00 X 0 0 0 BARRY PEARSON - EX OFFICIO TRUSTEE 2.00 1.00 X 0 0 0 THOMAS J SCHWARZ - EX OFFICIO TRUSTEE 3.00 1.00 X 0 0 0 JEANNINE STARR - EX OFFICIO TRUSTEE & EXECUTIVE DIRECTOR 15.00 10.00 X 0 0 0 RONNI RUBIN BOLGER THIRD VICE CHAIR (RESIGNED 5/28/2015) 2.00 X X 0 0 0 MELISSA RONAGHAN TRUSTEE (RESIGNED 6/2/2015) 1.00 X 0 0 0 0 0 0 0 0 0 0 PURCHASE COLLEGE 735 ANDERSON HILL ROAD PURCHASE NY 10577 FEE FOR SERVICES 659405 COLUMBIA ARTIST MANAGEMENT LLC 1790 BROADWAY 16TH FLOOR NEW YORK NY 10019 ARTIST FEES 170000 OPUS 3 ARTISTS 470 PARK AVENUE SOUTH NEW YORK NY 10016 ARTIST FEES 120500 THE RESEARCH FOUNDATION PO BOX 9 ALBANY NY 12201 FEE FOR SERVICE 116536 4 205852 5555180 203692 5761032 PERFORMING ARTS CENTER INCOME 711190 2817483 2817483 PURCHASE COLLEGE FOUNDATION TICKE 711190 109377 109377 NEUBERGER MUSEUM OF ART 453220 103816 103816 3030676 2854001 2854001 7423350 6224273 1199077 1199077 1199077 12844786 3030676 0 4053078 X 100000 100000 1784001 1784001 1398678 1165885 232793 218949 218949 35893 35893 31300 31300 153186 153186 1959791 1782094 57858 119839 157422 153470 3952 828994 700902 93243 34849 119960 118586 1374 15134 15134 38389 1551 36838 PRODUCTION 605614 567984 37630 RECEPTION EXPENSE 394066 394066 REPAIRS AND MAINTENANCE 116707 116707 ACQUISITIONS/BAD DEBT 40878 40878 39622 11392 2192 26038 8038584 6798292 622544 617748 3369200 5663532 1097364 1097374 134616 278837 572663 322788 150892 83768 527405 428009 114530 99396 66723246 46279770 251458 22637798 212612 228941 72626581 76692204 500057 631372 1255870 973146 1342804 2915444 3098731 4519962 X 6118687 5748587 27709093 29246413 35700070 37177242 69527850 72172242 72626581 76692204 4806202 -2161810 0 X X 0 1 X 1 0 X 1859177 3958281 4178524 1964124 5761032 17721138 82960 83750 85770 87515 858585 1198580 1942137 4042031 4264294 2051639 6619617 18919718 7966483 10953235 720867 678728 991924 2275643 2854001 7521163 26440881 0.41430 0.47280 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 62847380 1481172 1752807 774188 1925504 63381666 53727605 250736 11115191 539878 1706277 62847380 46290766 2554500 7063613 691396 1489878 53727605 45332808 2843429 314232 394400 1805303 46290766 38661577 317986 7660108 336281 970582 45332808 0.03490 0.58660 0.37850 0 0 527405 428009 99396 99396 FIDELITY CONTRA FUND 12580430 F VANGUARD 500 INDEX ADMIRAL FUND 4428510 F MAIRS AND POWER GROWTH FUND 5405328 F INVESTMENTS HELD FOR GIFT ANNUITIES 223530 F 22637798 DUE TO STATE UNIVERSITY OF NEW YORK 232942 GIFT ANNUITY PAYABLE 101176 DUE TO PERFORMING ARTS CENTER FOUNDATION 901958 DUE TO PURCHASE COLLEGE ASSOCIATION 1514101 DUE TO AFFILIATES 165267 2915444 11835880 -2161810 858585 653356 -649869 12485749 153186 205851 359037 12844786 9191489 858585 447506 1306091 7885398 153186 153186 8038584 PART IV, LINE 2B: THIS AMOUNT REFLECTS CUSTOMER DEPOSITS PERTAINING TO USE OF CERTAIN FACILITIES AT THE PERFMORMING ARTS CENTER AND ARE RETURNED ONCE ALL OBLIGATIONS ARE MET. PART XI, LINE 2D - OTHER ADJUSTMENTS: PURCHASE COLLEGE - PERFORMING ARTS CENTER FOUNDATION REVENUE 653,356. PART XI, LINE 4B - OTHER ADJUSTMENTS: REVENUE ATTRIBUTABLE TO CONSOLIDATED ENTITIES 205,851. PART XII, LINE 2D - OTHER ADJUSTMENTS: PURCHASE COLLEGE - PERFORMING ARTS CENTER FOUNDATION EXPENSES 447,506. PART V, LINE 4 THE ENDOWMENT FUNDS ARE DESIGNATED TO PROVIDE LONG TERM SUPPORT FOR THE PROGRAMS OF SUNY PURCHASE COLLEGE. THE FUNDS ARE USED TO SUPPORT SCHOLARSHIPS AND CAMPUS PROGRAMS. 1 PURCHASE COLLEGE ADVANCEMENT CORPORATION 735 ANDERSON HILL ROAD PURCHASE NY 10577 800432298 501 (C)(3) 100000 DEVELOPMENT OF NEW FACILITY 1 0 SCHOLARSHIPS ARE GIVEN TO STUDENTS BASED ON NEED, ACADEMIC PERFORMANCE AND ARTISTIC ACHIEVEMENTS. 699 1784001 PART I, LINE 2 95% OF INSTITUTIONAL SCHOLARSHIPS ARE APPLIED DIRECTLY TO STUDENT ACCOUNTS BY THE PURCHASE COLLEGE OFFICE OF STUDENT SERVICES. THE REMAINDER ARE AWARDED DIRECTLY TO CURRENT STUDENTS OF THE COLLEGE FOR EDUCATIONAL RELATED EXPENDITURES WHICH HELP TO ENRICH STUDENTS' COLLEGE EXPERIENCES AND SUPPORT THEIR ABILITY TO COMPLETE THEIR DEGREES. X 7 203692 FAIR MARKET VALUE 0 0 0 FORM 990, PART VI, SECTION B, LINE 11 PRIOR TO FILING FORM 990, IT IS PROVIDED ELECTRONICALLY TO THE MEMBERS OF THE BOARD OF DIRECTORS FOR THEIR PERSONAL REVIEW AND QUESTIONING. SUBSEQUENTLY, AND PRIOR TO THE FILING OF THE PURCHASE COLLEGE FOUNDATION FORM 990, THE PERFORMING ARTS CENTER FOUNDATION FORM 990, AND THE PURCHASE COLLEGE FOUNDATION HOUSING CORPORATION FORM 990 (THE PRINCIPAL AFFILIATES), THE COMBINED AUDIT COMMITTEE WILL CONDUCT A REVIEW OF ALL THREE FORMS 990 WITH THE AUDITORS AND TAX PREPARERS PRESENT AND PARTICIPATING WITH MANAGEMENT IN THE PRESENTATION OF THESE FILINGS. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY PROVIDES FOR ANNUAL WRITTEN ACKNOWLEDGEMENT BY EACH TRUSTEE OR OFFICER THAT EACH HAS READ AND IS FAMILIAR WITH THE CONFLICT-OF-INTEREST POLICY AND AS TO WHETHER OR NOT THE TRUSTEE OR OFFICER HAS A CONFLICT OF INTEREST. IF A CONFLICT EXISTS, THE COMPLETE DETAILS OF THE CONFLICT ARE TO BE DESCRIBED IN WRITING AND SUBMITTED TO THE BOARD CHAIR OR THE PRESIDENT. THE BOARD CHAIR OR PRESIDENT SHALL REFER THE ISSUE TO THE EXECUTIVE COMMITTEE, OR OTHER BOARD COMMITTEE (THE 'BODY') HAVING DECISION-MAKING AUTHORITY OVER THE SUBSTANTIVE MATTER IN QUESTION. THE TRUSTEE OR OFFICER WHO DISCLOSES A DIRECT OR INDIRECT FINANCIAL INTEREST IN A PROPOSED OR EXISTING CONTRACT, TRANSACTION OR ARRANGEMENT MAY MAKE A PRESENTATION AND RESPOND TO QUESTIONS BY THE BODY, BUT AFTER SUCH PRESENTATION, HE OR SHE SHALL LEAVE THE MEETING DURING THE DISCUSION OF, AND VOTE ON, THE CONTRACT, TRANSACTION OR ARRANGEMENT THAT RESULTS IN THE CONFLICT OF INTEREST. EACH YEAR AT THE BOARD OF TRUSTEES' ANNUAL MEETING, THE CONFLICT-OF-INTEREST POLICY IS DISTRIBUTED AND WRITTEN ACKNOWLEDGMENTS SUBMITTED. DURING THE COURSE OF THE YEAR, FINANCIAL RESULTS AND TRANSACTIONS ARE REVIEWED FOR REASONABLENESS AND APPROPRIATENESS, INCLUDING WITH REGARD TO ANY POTENTIAL FOR THERE BEING A CONFLICT. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS FORM 990 AVAILABLE FOR PUBLIC INSPECTION AS REQUIRED UNDER SECTION 6104 OF THE INTERNAL REVENUE CODE BY POSTING IT ON GUIDESTAR.ORG AND OTHER SIMILAR TYPES OF WEBSITES. IN ADDITION, THE FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICY, ARTICLES OF INCORPORATION AND BY-LAWS ARE ALSO AVAILABLE UPON WRITTEN REQUEST AT 735 ANDERSON HILL ROAD, PURCHASE, NY 10577. FORM 990, PART IX, LINE 11G PERFORMER FEES: PROGRAM SERVICE EXPENSES 1,047,346. MANAGEMENT AND GENERAL EXPENSES 24,460. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,071,806. PURCHASED COLLEGE SERVICES: PROGRAM SERVICE EXPENSES 463,851. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 463,851. CONSULTANTS: PROGRAM SERVICE EXPENSES 202,729. MANAGEMENT AND GENERAL EXPENSES 33,398. FUNDRAISING EXPENSES 78,685. TOTAL EXPENSES 314,812. OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 68,168. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 41,154. TOTAL EXPENSES 109,322. FORM 990, PART XII, LINE 2C: THERE IS ONE AUDIT COMMITTEE FOR PURCHASE COLLEGE FOUNDATION, PERFORMING ARTS CENTER FOUNDATION, AND PURCHASE COLLEGE FOUNDATION HOUSING CORP. EACH OF THE RELATED ORGANIZATIONS' BOARD IS REPRESENTED ON THIS COMMITTEE. PERFORMING ARTS CENTER FOUNDATION INC 735 ANDERSON HILL ROAD PURCHASE NY 10577 134072259 SUPPORT THE PERFORMING ARTS CENTER AT SUNY PURCHASE NY 501(C)(3) LINE 11A, I PURCHASE COLLEGE FOUNDATION 1 PURCHASE COLLEGE FOUNDATION HOUSING CORP 735 ANDERSON HILL ROAD PURCHASE NY 10577 134086734 SEE EXPLANATION IN PART VII NY 501(C)(3) LINE 9 PURCHASE COLLEGE FOUNDATION 1 PURCHASE COLLEGE ADVANCEMENT CORPORATION 735 ANDERSON HILL ROAD PURCHASE NY 10577 800432298 SENIOR HOUSING DEVELOPMENT NY 501(C)(3) PURCHASE COLLEGE FOUNDATION 1 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 PERFORMING ARTS CENTER FOUNDATION C 205852 COST PURCHASE COLLEGE ADVANCEMENT CORPORATION B 100000 COST FORM 990, SCHEDULE R, PART II NAME OF RELATED ORGANIZATION: PURCHASE COLLEGE FOUNDATION-HOUSING CORP. PRIMARY ACTIVITY: TO ACQUIRE, LEASE, CONSTRUCT, RENOVATE AND MAINTAIN DORMITORIES AT SUNY PURCHASE.