2016-03-01T12:05:44-06:00 2015-08-31 141567343 MARVIN AND COMPANY PC 11 BRITISH AMERICAN BLVD LATHAM NY 121101405 990 2014-09-01 200258004 UNION GRADUATE COLLEGE UNIO 5186319851 80 NOTT TERRACE SCHENECTADY NY 12308 BELA MUSITS INTERIM PRESIDENT 5186319851 2016-02-16 1 TIMOTHY A REYNOLDS CPA P00971233 5187850134 2014 2016-08-17 19:52:53Z BELA MUSITS 80 NOTT TERRACE SCHENECTADY NY 12308 8118942 0 X WWW.UNIONGRADUATECOLLEGE.EDU X 2003 NY TO PROVIDE PROFESSIONAL MASTER'S DEGREE PROGRAMS THAT EQUIP PROMISING STUDENTS WITH THE KNOWLEDGE AND COMPETENCIES EMPLOYERS WANT AND GRADUATES NEED TO SHAPE SUCCESSFUL CAREERS. TO DELIVER STUDENT-CENTERED PROGRAMS, TAUGHT BY COMMITTED TEACHER-SCHOLARS, WHICH PREPARE GRADUATES WHO THINK CRITICALLY, COMMUNICATE EFFECTIVELY, DEMONSTRATE DISCIPLINARY EXCELLENCE, AND ARE SOCIALLY AND ETHICALLY RESPONSIBLE. TO SERVE AS A MODEL OF INNOVATIVE, PROFESSIONAL GRADUATE EDUCATION, BASED ON STRONG COMMUNITY PARTNERSHIPS, THAT OFFERS UNIQUE AND HIGHLY EFFECTIVE PROGRAMS AND THAT LEVERAGE THE ECONOMIC AND CULTURAL VIBRANCY OF NEW YORK'S CAPITAL REGION. 18 18 226 0 0 0 130886 1365359 791768 6375185 25217 98057 0 237493 947871 8076094 82035 851351 0 0 596442 5081096 0 0 93736 386948 2706256 1065425 8638703 -117554 -562609 14536229 13695191 5514714 5324045 9021515 8371146 X TO PROVIDE PROFESSIONAL MASTER'S DEGREE PROGRAMS THAT EQUIP PROMISING STUDENTS WITH THE KNOWLEDGE AND COMPETENCIES EMPLOYERS WANT AND GRADUATES NEED TO SHAPE SUCCESSFUL CAREERS. TO DELIVER STUDENT-CENTERED PROGRAMS, TAUGHT BY COMMITTED TEACHER-SCHOLARS, WHICH PREPARE GRADUATES WHO THINK CRITICALLY, COMMUNICATE EFFECTIVELY, DEMONSTRATE DISCIPLINARY EXCELLENCE, AND ARE SOCIALLY AND ETHICALLY RESPONSIBLE. TO SERVE AS A MODEL OF INNOVATIVE, PROFESSIONAL GRADUATE EDUCATION, BASED ON STRONG COMMUNITY PARTNERSHIPS, THAT OFFERS UNIQUE AND HIGHLY EFFECTIVE PROGRAMS AND THAT LEVERAGE THE ECONOMIC AND CULTURAL VIBRANCY OF NEW YORK'S CAPITAL REGION.APPROXIMATELY 700 STUDENTS SERVED. 0 0 7317137 851351 6612678 THE COLLEGE SERVES FULL AND PART-TIME STUDENTS, PROVIDING OUTSTANDING MASTER'S LEVEL PROFESSIONAL DEGREE PROGRAMS THAT MEET THE NEEDS OF NEW YORK'S CAPITAL REGION AND BEYOND. INTERACTIVE CLASSES, PERSONALIZED ATTENTION, AND EXPERIENTIAL LEARNING PROMOTE THE ACQUISITION OF CRITICAL THINKING, EFFECTIVE COMMUNICATION AND QUANTITATIVE SKILLS, AND THE CAPACITY FOR LIFE-LONG LEARNING. APPROXIMATELY 673 INDIVIDUALS SERVED. 7317137 1 1 0 0 0 0 0 0 0 1 1 1 0 0 0 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 23 0 1 226 1 0 0 0 0 0 0 0 0 X 18 18 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X JOSEPH MCDONALD 5186319869 80 NOTT TERRACE SCHENECTADY NY 12308 KATHRYN MATTHEWS TRUSTEE 4.00 X 0 0 0 JEREL GOLUB TRUSTEE 4.00 X 0 0 0 WALT ROBB TRUSTEE 4.00 X 0 0 0 MICHAEL F NEWELL TRUSTEE 4.00 X 0 0 0 LAURETTA M CHRYS SECRETARY 4.00 X X 0 0 0 DENISE GONICK TRUSTEE 4.00 X 0 0 0 ED MITZEN TRUSTEE 4.00 X 0 0 0 KEVIN HIGGINS TRUSTEE 4.00 X 0 0 0 KATHLENE THIEL TRUSTEE 4.00 X 0 0 0 THOMAS E HITCHCOCK TRUSTEE 4.00 X 0 0 0 LAWRENCE CARR CHAIRMAN 4.00 X X 0 0 0 ROBERT O'HARA VICE CHAIR 4.00 X X 0 0 0 PETER SCHERMERHORN TRUSTEE 4.00 X 0 0 0 JOHN LAVELLE TRUSTEE 4.00 X 0 0 0 BELA MUSITS INTERIM PRESIDENT 40.00 X 190806 0 22635 JOSEPH MCDONALD VP OF FINANCE AND OPERATIONS 40.00 X 127501 0 24805 LAURA SCHWEITZER PRESIDENT 40.00 X 238628 0 31522 556935 0 78962 10 0 1 0 CDPHP PO BOX 5251 BINGHAMPTION NY 13902 HEALTH INSURANCE 279200 CREATIVE COMMUNICAITONS CONSULTANTS 2 THURD STREET SUITE 250 TROY NY 12180 ADVERTISING 245934 ICAHN SCHOOL OF MEDICINE ONE GUSTAVE L LEVY PLACE NEW YORK NY 10029 INSTRUCTION 114750 3 28947 1120470 215942 1365359 TUITION 900099 6372985 6372985 CONTINUING EDUCATION 900099 2200 2200 6375185 88268 88268 43000 33211 9789 9789 9789 9637 28947 9637 0 MISCELLANEOUS INCOME 900099 237493 237493 237493 8076094 6612678 0 98057 851351 851351 419017 419017 3695423 3560488 79586 55349 235043 223014 7162 4867 445293 413110 26125 6058 286320 256144 25942 4234 25843 25843 25101 25101 31307 31307 365921 341750 24171 99881 87911 6817 5153 284228 273508 6280 4440 106832 14217 92615 273730 242198 27794 3738 90653 87889 2764 69151 69151 251437 251437 49446 49446 OTHER EXPENSE 446405 391335 48232 6838 STIPENDS 240000 240000 TUITION SHARE 98015 98015 MEMBERSHIPS, DUES & SUB 92597 82675 9297 625 155709 104086 49189 2434 8638703 7317137 1227830 93736 2889854 2621899 544326 344783 21688 32761 364098 203488 8075961 1356063 6934659 6719898 3558032 3558338 223572 214024 14536229 13695191 228804 160390 150910 128655 5135000 5035000 5514714 5324045 X 7827188 7374489 352525 100000 841802 896657 9021515 8371146 14536229 13695191 -562609 -87760 0 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 841802 54855 896657 755939 85863 841802 643111 112828 755939 606086 37025 643111 553283 52803 606086 1.00000 0 0 1000000 1000000 6351591 911991 5439600 724370 444072 280298 6719898 EQUITIES 2046425 F FIXED INCOME SECURITIES 1511913 F 3558338 X 7136983 -87760 -87760 7224743 851351 851351 8076094 7787352 0 7787352 851351 851351 8638703 PART V, LINE 4: THE DONORS OF THESE ASSETS PERMIT THE COLLEGE TO USE THE INVESTMENT RETURN ON THESE ASSETS TO SUPPORT PROGRAM ACTIVITIES. PART X, LINE 2: U.S. GENERALLY ACCEPTED ACCOUNTING PRINCIPLES REQUIRES COLLEGE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE COLLEGE AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF THE COLLEGE HAS TAKEN AN UNCERTAIN TAX POSITION THAT MORE THAN LIKELY WOULD NOT BE SUSTAINED UPON THE EXAMINATION BY THE IRS. THE COLLEGE'S MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE COLLEGE, AND HAS CONCLUDED THAT AS OF AUGUST 31, 2015, THERE ARE NO UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE COLLEGE IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS, HOWEVER, THARE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. THE COLLEGE BELIEVES IT IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR YEARS PRIOR TO 2012. PART XI, LINE 4B - OTHER ADJUSTMENTS: STUDENT AID 851,351. PART XII, LINE 4B - OTHER ADJUSTMENTS: STUDENT AID 851,351. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 GRADUATE COLLEGE DOES NOT DISCRIMINATE ON THE BASIS OF AGE, SEX, RACE, RELIGION, HANDICAP OR NATIONAL ORIGIN. RACIALLY NONDISCRIMINATORY POLICY IS PUBLISHED IN AREA NEWSPAPER. SCHEDULE E, PART I, LINE 6 GOVERNMENT GRANTS ARE AWARDED TO THE COLLEGE FOR TEACHING AND RESEARCH. GOLF TOURNAMENT 38584 28947 9637 1293 5161 2495 688 38584 28947 9637 1293 5161 2495 688 9637 0 1 FINANCIAL AID 121 851351 0 X X 1 1 X X X 0 0 0 0 0 0 0 0 0 BELA MUSITS INTERIM PRESIDENT 190806 0 0 0 0 0 17172 0 5463 0 213441 0 0 0 JOSEPH MCDONALD VP OF FINANCE AND OPERATIONS 127501 0 0 0 0 0 11475 0 13330 0 152306 0 0 0 LAURA SCHWEITZER PRESIDENT 238628 0 0 0 0 0 21477 0 10045 0 270150 0 0 0 A CITY OF SCHENECTADY INDUSTRIAL DEVELOPMENT AGENCY 2008-01-01 5700000 TO FINANCE ACQUISTION OF LAND AND CONSTRUCTION OF GRADUATE CENTER 0 0 0 A 286427 5700000 2009 0 0 1 1 A 0 0 0 0 0 0 1 A 0 0 1 0 1 0 0 0 0 A 0 FORM 990, PART VI, SECTION B, LINE 11 THE FORM IS SENT OT THE FINANCE COMMITTEE FOR REVIEW AS THE DELEGATED BODY FOR GOVERNANCE OVER FINANCIAL REPORTING FORM 990, PART VI, SECTION B, LINE 12C EACH TRUSTEE AND OFFICER MUST ANNUALLY REVIEW THE CONFLICT OF INTERST POLICY; DISCLOSE ANY POSSIBLE PERSONAL, FAMILY, OR BUSINESS RELATIONSHIP THAT REASONABLY COULD GIVE RISE TO A CONFLICT INVOLVING UNION GRADUATE COLLEGE; AND ACKNOWLEDGE BY HIS OR HER SIGNATURE THAT HE OR SHE IS IN ACCORDANCE WITH THE LETTER AND SPIRIT OF THE POLICY. FORM 990, PART VI, SECTION B, LINE 15 THE PROCESS FOR DETERMINING COMPENSATION AT UGC INCLUDED USING A NUMBER OF BENCHMARKS IN CONJUNCTION WITH OUR OWN FINANCIAL SITUATION TO DETERMINE A SALARY THAT WOULD BE ATTRACTIVE AND AFFORDABLE TO WHOEVER CAME IN AS PRESIDENT. THE BENCHMARKS INCLUDED THE PREVIOUS PRESIDENTS COMPENSATION, THE CUPA DATA, AND THE CHRONICLE OF HIGHER EDUCATION DATA. THE BOARD OF TRUSTEES SEARCH COMMITTEE THEN BALANCED THAT DATA WITH THE HIGHEST SALARY THEY THOUGHT THE COLLEGE COULD AFFORD AND USED THAT AS OUR GOAL IN THE HIRING PROCESS. FORM 990, PART VI, SECTION C, LINE 19 INFORMATION AVAILABLE UPON REQUEST. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS A COMMITTEE TO OVERSEE THE FINANCIAL STATEMENT AUDIT AND FOR THE SELECTION OF THE INDEPENDENT AUDITOR. THIS PROCESS HAS NOT CHANGED FROM PRIOR YEAR. PRIOR YEAR INFORMATION THE INFORMATION INCLUDED IN THIS INFORMATION RETURN NOTED AS PRIOR YEAR IS THE INFORMATION FROM THE PREVIOUSLY ISSUED FEDERAL FORM 990. THAT FEDERAL FORM 990 WAS FILED AS A SHORT YEAR RETURN AND THEREFORE ONLY INCLUDES THE TWO MONTHS ENDED AUGUST 31, 2014.