2016-03-02T09:51:03-07:00 2015-05-31 743118183 Drescher & Malecki LLP 3083 William Street Suite 5 Cheektowaga NY 14225 990 2014-06-01 160759798 Daemen College DAEM 7168398218 4380 Main Street Amherst NY 142263592 Richard G Schott VP for Business Affairs 7168398218 2016-01-30 1 Luke Malecki P01767120 7165652299 2015-12-29 2014 2016-08-17 19:52:53Z Dr Gary A Olson 4380 Main St Amherst NY 142263592 74688851 0 X www.daemen.edu X 1947 NY Education - private, independent college. 23 21 1671 20 0 0 4986882 6441002 64095071 66560961 1208652 807465 813506 851948 71104111 74661376 22630357 23952516 0 0 29388322 30846369 10024 0 585181 15859450 16561573 67888153 71360458 3215958 3300918 87022136 89541423 45586559 45072141 41435577 44469282 Private, independent college providing higher education to students. 0 0 66066939 23952516 68220374 See above. 0 0 0 66066939 1 1 0 0 0 0 0 0 1 1 1 0 0 0 1 0 1 0 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 1 1 0 0 0 1 195 0 1 1671 1 0 0 0 0 0 1 1 0 0 0 0 X 23 21 0 0 0 0 0 0 0 1 1 0 1 1 1 1 1 1 1 1 1 0 1 0 X X Richard G Schott 7168398218 4380 Main Street Amherst NY 142263592 Dale Demyanick Board Chairman 0.8 0 X 0 0 0 Thomas Stewart Board Vice Chair 0.8 0 X 0 0 0 Richard Day Board Secretary/Treasurer 0.8 0.0 X 0 0 0 Thomas Brydges Trustee 0.4 0.0 X 0 0 0 Caroline Buerk Trustee 0.8 0.0 X 0 0 0 Audre Bunis Trustee 0.4 0 X 0 0 0 Kevin Carter Trustee 0.4 0 X 0 0 0 Robert Chur Trustee 0.4 0 X 0 0 0 Jed E Dietrich Trustee 0.4 0 X 0 0 0 Donald Hutton Trustee 0.4 0 X 0 0 0 Hratch Karamanoukian Trustee 0.4 0 X 0 0 0 Kathryn Karlic Trustee 0.4 0 X 0 0 0 Seymour Knox IV Trustee 0.4 0 X 0 0 0 Catherine LePage-Campbell Trustee 0.4 0 X 0 0 0 Jeffrey Meilman Trustee 0.4 0 X 0 0 0 Lynne S Millane Trustee 0.4 0 X 0 0 0 Gail Mitchell Trustee 0.4 0 X 0 0 0 Dorothy Mueller OSF Trustee 0.4 0 X 0 0 0 Thomas Reynolds Trustee 0.4 0 X 0 0 0 Donald Trump Trustee 0.4 0 X 0 0 0 Connie Vari Trustee 0.4 0 X 0 0 0 Jeffrey Wellington Trustee 0.4 0 X 0 0 0 Arthur Wingerter Trustee 0.4 0 X 0 0 0 Wayne Wisbaum Trustee 0.4 0 X 0 0 0 Edith Wyss OSF Trustee 0.4 0 X 0 0 0 Brenda Young Trustee 0.4 0 X 95663 0 14433 Jon Yurtchuk Trustee 0.4 0 X 0 0 0 Dr Gary A Olson President 40 0 X X 256673 0 43291 Robert C Beiswanger VP of Business Affairs 40 0 X 183009 0 22538 Dr Richanne Mankey VP of Institutional Advancement 40 0 X 151860 0 26767 Dr Michael Brogan VP of Academic Affairs 40 0 X 127896 0 26351 Dr Patricia Brown VP of Enrollment Management 40 0 X 125784 0 25942 Lisa A Arida Controller & Assistant Treasurer 40 0 X 85243 0 49838 Gregory J Nayor VP for Student Affairs 40 0 X 65613 0 17870 Richard G Schott VP of Business Affairs 40 0 X 27586 0 2459 Catherine Mann Professor 40 0 X 163943 0 14568 Mary Lou Rusin Professor 40 0 X 148998 0 17758 Dr Greg Shutts Professor 40 0 X 130200 0 25051 Diane Ryan Professor 40 0 X 126571 0 23686 Gary Styn Professor 40 0 X 113340 0 58165 Edwin Clausen Former President 0 0 X 41462 0 30 1843841 0 368747 24 1 1 0 Tri Main Development LLC 2495 Main St Buffalo NY 14214 Property Management 478710 R&P Oakhill Development LLC 3556 Lakeshore Rd Ste 620 Buffalo NY 14219 Construction 614434 MLP Pluming and Mechanical Inc 3198 Union Rd Cheektowaga NY 14227 Plumbing/Heating/Cooling 180225 Flynn Battaglia Architects PC 617 Main St Ste s401 Buffalo NY 14203 Architectual 167135 James Girard 42 Pinewoods Ave Tonawanda NY 14150 Painting and Construction 166692 5 0 0 131882 0 3599559 2709561 10400 6441002 Tuition and Fees 611310 57791917 57791917 0 0 Sales and Svc of Auxilary Ent 611710 8769044 8769044 0 0 0 0 0 0 66560961 516162 0 0 516162 0 0 0 0 0 0 0 0 0 0 291303 0 0 0 291303 0 291303 0 0 291303 53920 131882 27475 26445 0 26445 Bookstore/food commission 900099 143969 143969 0 0 Student Activities Revenue 900099 164723 164723 0 0 Overhead Recoveries 900099 78114 78114 0 0 438697 438697 0 0 825503 74661376 67386464 0 833910 0 0 23952516 23952516 0 0 0 0 1374648 109724 1098733 166191 0 0 0 0 22261952 20488319 1541678 231955 1172618 1034957 119386 18275 4371566 4023279 302738 45549 1665585 1451547 185494 28544 0 0 0 0 43228 0 43228 0 42700 0 42700 0 0 0 0 0 0 0 117023 0 117023 0 433508 382350 47844 3314 310524 310524 0 0 2420248 2018122 354193 47933 925171 702191 222980 0 1818 1818 0 0 3431848 3349119 82729 0 1087070 951064 114135 21871 0 0 0 0 0 0 0 0 1658343 1658343 0 0 0 0 0 0 2748672 2748672 0 0 177690 81106 96584 0 Food Service Students 1270326 1270326 0 0 Resident Assistants 232646 232646 0 0 Direct Mail Services 235252 235252 0 0 1425506 1065064 338893 21549 71360458 66066939 4708338 585181 2017390 1566691 10649790 10569177 2056384 1584258 1371268 619093 0 0 0 0 2848039 2612330 0 0 333997 268051 94306773 45283240 47017467 49023533 14891021 17581793 3280926 3310987 0 0 2555854 2405510 0 0 87022136 89541423 1091628 1184853 0 0 1677816 1582331 32759070 31620409 256219 156641 0 0 0 0 0 0 9801826 10527907 45586559 45072141 X 35348433 36046701 5914898 7667510 172246 755071 41435577 44469282 87022136 89541423 3300918 -267213 0 0 0 0 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 10022595 1786637 596649 30565 0 75032 12300284 8613531 357983 1153310 32210 0 70019 10022595 7160726 140438 1401919 24750 0 64802 8613531 7130497 342721 -229177 23055 0 60260 7160726 5856578 352008 1003916 26429 0 55576 7130497 0.6 0.02 0.38 1 0 0 981115 981115 0 59707598 20430645 39276953 0 899643 312799 586844 0 17434517 15289579 2144938 0 15283900 9250217 6033683 49023533 Accrued salaries, wages, and pension 2389575 Accrued Interest 99245 US Government advances 887561 Derivative liability 7151526 10527907 74394163 349271 0 0 -616484 -267213 74661376 0 0 0 74661376 71387933 0 0 0 27475 27475 71360458 0 0 0 71360458 Schedule D, Part IV, Line 2b The college performs administrative functions for four agencies. The amounts reported represent the assets the college has fiduciary duties to maintain and control. Schedule D, Part V, Line 4 Endowment funds are intended to be used for scholarships or other expenditures to further the College's mission of higher education. Schedule D, Part XI, Line 2d -$616,484 represents change in value of derivative instrument. Schedule D, Part XII, Line 2d Represents fundraising expenses shown on Part XIII 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 policy is communicated through the website, student and employment handbooks, print ads, and broadcast. Schedule E, Part I, Line 6 The College receives aid from New York State including: Bundy Aid, Higher Education Opportunity Grant, TLQP Research Grant, New York State Developmental Disability Grants for Nurse Practitioners, Physician's Assistants and Medically Fragile; NYS HECAP Grant, Empire State Development Grant and NYS Library Grant. The College also receives aid from the US Government including: US Department of Education Title III and Title IV programs, Department of Health and Human Services Nursing Grants, and Department of Defense Burn, Rutgers, Mote and Sensor grants. Golf Tournament 53920 0 53920 0 0 23572 3903 0 0 Annual Fund 131882 131882 0 0 0 0 0 0 0 0 185802 131882 53920 0 0 23572 3903 0 0 27475 26445 1 Student financial aid grants 2366 23952516 0 book Schedule I, Part I, Line 2 Student financial aid is credited to the individual student accounts and their net balances are monitored by the Business Office. X 1 1 X X X 1 0 0 0 0 0 0 0 0 Edwin Clausen Former President 41462 0 0 0 0 0 0 0 30 0 41492 0 0 0 Dr Gary A Olson President 244056 0 0 0 12617 0 20188 0 23103 0 299964 0 0 0 Robert C Beiswanger VP of Business Affairs 170502 0 0 0 12507 0 7385 0 15153 0 205547 0 0 0 Dr Michael Brogan VP of Academic Affairs 109108 0 0 0 18788 0 10448 0 15903 0 154247 0 0 0 Dr Patricia Brown VP of Enrollment Management 117483 0 0 0 8301 0 10039 0 15903 0 151726 0 0 0 Dr Richanne Mankey VP of Institutional Advancement 140761 0 0 0 11099 0 10864 0 15903 0 178627 0 0 0 Catherine Mann Professor 155474 0 0 0 8469 0 8469 0 6099 0 178511 0 0 0 Mary Lou Rusin Professor 133290 0 0 0 15708 0 11424 0 6334 0 166756 0 0 0 Dr Greg Shutts Professor 112700 0 0 0 17500 0 9296 0 15755 0 155251 0 0 0 Diane Ryan Professor 120415 0 0 0 6156 0 8062 0 15624 0 150257 0 0 0 Gary Styn Professor 108425 0 0 0 4915 0 7864 0 50301 0 171505 0 0 0 Schedule J, Part I, Line 1a The President of the college is provided with a residence for personal use. Schedule J, Part I, Line 3 The College uses the following to establish the compensation of the organization's CEO/President: Compensation Committee, written employment contract and approval of the Board of Trustees Schedule J, Part I, Line 4 Dr. Edwin Clausen retired as President of the College on 1/13/2013. His severance package included $163,333 in salary to be paid through 5/21/2014. The compensation included here represents the portion paid 1/1/2014-5/21/2014. A Town of Amherst Industrial Development Agency 161136451 031362EH5 2006-06-30 20925000 Refund & defease 2001A bonds 0 0 0 B Town of Amherst Industrial Development Agency 161136451 031362EJ1 2006-06-30 17075000 Construction & equipment for new library 0 0 0 A 4515000 18275654 20925000 1436398 0 0 434918 637393 0 0 140637 0 2006 0 1 1 1 B 2300000 0 17075000 1064941 575186 0 365107 568492 0 14500435 839 0 2006 0 0 1 1 A 0 0 0 0 0 0 0 1 0 0 B 0 0 0 0 0 0 0 1 0 0 A 0 1 1 1 1 1 Morgan Stanley 25 0 0 1 Morgan Stanley 25.0 1 0 0 B 0 1 1 1 1 1 Morgan Stanley 30.0 0 0 1 Morgan Stanley 30.0 1 0 0 A 0 B 0 Schedule K, Part IV, Line 2c-06/30/2006 20,925,000 Town of Amherst Industrial Development Agency No rebate due for the Bond issues A or B; the rebate calculation date was 10/18/2011. This calculation was based on the Interim Arbitrage Rebate Analysis prepared for Daemen College by the BLX Group for the period 6/30/06 through 10/3/11. The next rebated installment will be due no later than 12/2/16, 60 days after 10/2/16. Schedule K, Part IV, Line 2c-06/30/2006 17,075,000 Town of Amherst Industrial Development Agency No rebate due for the Bond issues A or B; the rebate calculation date was 10/18/2011. This calculation was based on the Interim Arbitrage Rebate Analysis prepared for Daemen College by the BLX Group for the period 6/30/06 through 10/3/11 the next rebated installment will be due not later than 12/2/16, 60 days after 10/2/16. Maureen Millane Daughter of Board Member 74202 Listed person employed by College 0 Form 990, Part VI, Section B, Line 11b The Form 990 is reviewed by the Board of Trustees prior to filing. Form 990, Part VI, Section B, Line 12c The written conflict of interest policy covers employees and trustees. Officers ensure that all of their employees required to submit a Conflict of Interest Statement do so. Form 990, Part VI, Section B, Line 15 The College's President's compensation is reviewed and approved by the Executive Committee of the Board of Trustees with documentation in the minutes. Form 990, Part VI, Section C, Line 19 Copies of the governing documents, the conflict of interest policy, and financial statements are made available upon request. Daemen College Physical Therapy Inc 4380 Main Street Amherst NY 14226 462438676 Physical therapy clinic NY 501(c)(3) 9 N/A 0 4380 Main Street Inc 4380 Main Street Amherst NY 14226 161003033 Liquor License NY C 0 987 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 1 1 Daemen College has filed an extension until April 15, 2016 to file Form 990 in order to allow the audit committee and the Board of Directors sufficient time to review the Form.