2016-04-08T08:40:52-05:00 2015-06-30 141555429 UHY ADVISORS NY INC 4 TOWER PLACE EXECUTIVE PARK 7TH FLOOR ALBANY NY 12203 990 2014-07-01 141338488 THE SAGE COLLEGES SAGE 5182442200 65 1ST ST TROY NY 12180 PATRICK JACOBSON-SCHULTE VP FINANCE AND TREASURER 5182442200 2016-03-21 1 JAMES P DANIELS P00603621 5184493166 2014 2016-08-17 19:52:53Z SUSAN C SCRIMSHAW 65 1ST ST TROY NY 12180 89977785 0 X N/A X 1916 NY COLLEGIATE EDUCATION OF STUDENTS. 26 25 1675 250 0 0 5458172 8050796 65469745 67508875 1132028 670336 142807 187589 72202752 76417596 24545910 23669056 0 0 29331394 29560327 201798 155442 2664824 19629716 20231336 73708818 73616161 -1506066 2801435 94245986 96590425 34827884 34589470 59418102 62000955 COLLEGIATE EDUCATION OF STUDENTS. 0 0 66104620 23669056 67508875 COLLEGIATE EDUCATION OF STUDENTS. 66104620 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 1 212 0 1 1675 1 0 0 0 0 0 1 1 0 0 0 0 X 26 25 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY X PATRICK JACOBSON-SCHULTE 5182442200 65 1ST ST TROY NY 12180 JOHN BELLARDINI TRUSTEE 1.00 0.00 X 0 0 0 THERESE BENTLEY TRUSTEE 1.00 0.00 X 0 0 0 JUDITH CAMPISI TRUSTEE 1.00 0.00 X 0 0 0 KATHRYN M DIAMOND TRUSTEE 1.00 0.00 X 0 0 0 ANN DUFFIELD TRUSTEE 1.00 0.00 X 0 0 0 DONNA ESTEVES TRUSTEE 1.00 0.00 X 0 0 0 JENNIFER FLATHER TRUSTEE 1.00 0.00 X 0 0 0 MARILYN MILLER FOWLER TRUSTEE 1.00 0.00 X 0 0 0 EILEEN WITZMAN GOLDBLATT TRUSTEE 1.00 0.00 X 0 0 0 JULIA L GREENSTEIN TRUSTEE 1.00 0.00 X 0 0 0 CATHERINE HILL TRUSTEE 1.00 0.00 X 0 0 0 CARRIE HILLENBRANDT TRUSTEE 1.00 0.00 X 0 0 0 BARRY ILBERMAN TRUSTEE 1.00 0.00 X 0 0 0 PAUL JAECKLE TRUSTEE 1.00 0.00 X 0 0 0 JANET W JONES TRUSTEE 1.00 0.00 X 0 0 0 JEANNE CLOUTIER MARKIN TRUSTEE 1.00 0.00 X 0 0 0 FREDERICK A MILLER TRUSTEE 1.00 0.00 X 0 0 0 DEBORAH ONSLOW TRUSTEE 1.00 0.00 X 0 0 0 CHESTER J OPALKA JR TRUSTEE 1.00 0.00 X 0 0 0 ANDREA CRISAFULLI RUSSO TRUSTEE 1.00 0.00 X 0 0 0 RONNYE BERG SHAMAM TRUSTEE 1.00 0.00 X 0 0 0 NELSON TIP SIMONS TRUSTEE 1.00 0.00 X 0 0 0 PATRICIA TIMPANO SPARRELL TRUSTEE 1.00 0.00 X 0 0 0 NANCY VALLEY TRUSTEE 1.00 0.00 X 0 0 0 ROBERT ZEMSKY TRUSTEE 1.00 0.00 X 0 0 0 SUSAN C SCRIMSHAW PRESIDENT 40.00 0.00 X X 311528 0 49644 SUSAN BEATTY PROVOST 40.00 0.00 X 80364 0 7273 PATRICIA CELLEMME VP FOR STUDENT LIFE 40.00 0.00 X 85094 0 13352 DANIEL GREEN VP MKTG & ENROLLMENT MGMT 40.00 0.00 X 20085 0 1266 PATRICK JACOBSON-SCHULTZ VP FINANCE & TREASURER 40.00 0.00 X 92908 0 9108 MELISSA KOMORA VP INSTITUTIONAL ADVANCEME 40.00 0.00 X 145764 0 10589 DEIRDRE ZARRILLO VP ADMIN & PLANNING 40.00 0.00 X 119671 0 0 PETER HUGHES FORMER VP FINANCE & TREASURER 40.00 0.00 X 121116 0 4042 DANIEL LUNDQUIST FORMER VP MKTG & ENROLLMENT MGMT 40.00 0.00 X 84917 0 3565 TERRENCE WEINER FORMER INTERIM PROVOST 40.00 0.00 X 102027 0 0 LORI QUIGLEY DEAN SCH OF EDUCATION 40.00 0.00 X 140042 0 6920 JOANNE CURRAN DEAN SCA 40.00 0.00 X 130304 0 6985 DONNA HEALD DEAN OF RSC 40.00 0.00 X 124358 0 11100 PATRICIA POHL PROF & PT CHAIR 40.00 0.00 X 106785 0 15077 ESTHER HASKVITZ DEAN SCH OF HEALTH SCIENCE 40.00 0.00 X 100073 0 7168 1765036 0 146089 10 0 1 0 POLARIS PHILANTHROPY GROUP 420 LEXINGTON AVE STE 300 NEW YORK NY 10170 FUNDRAISING COUNSEL 118750 1 1386142 6664654 28823 8050796 TUITION & FEES 611710 58715220 58715220 AUXILIARY ENTERPRISES 611710 8457427 8457427 OTHER SOURCES 900099 269165 269165 PARKING 812930 36204 36204 TRANSCRIPTS 611710 30859 30859 67508875 119002 119002 200829 13240 187589 187589 187589 14098283 13546949 551334 551334 551334 76417596 67508875 0 857925 23669056 23669056 1942706 1198625 576482 167599 21735030 19120486 1314345 1300199 732923 629787 57798 45338 3498447 2616681 496032 385734 1651221 1418864 130215 102142 150665 3308 147357 84700 84700 155442 155442 2432423 2078103 177688 176632 387785 344015 43770 2032648 1929857 102791 448795 353243 44540 51012 648568 503903 144665 2982774 2982774 704522 600063 102101 2358 STUDENT DINING SERVICES 2713033 2713033 STUDENT HOUSING EXPENSE 1842712 1842712 OPERATION & MAINTENANCE 1046513 657993 375415 13105 SECURITY EXPENSE 803080 803080 3953118 2639037 1092588 221493 73616161 66104620 4846717 2664824 59602 395843 446582 359850 4097623 7442570 3602483 3368151 513880 560113 101038450 49642621 52865868 51395829 18280379 18746283 12829913 12399297 330109 299223 1219547 1623266 94245986 96590425 4804580 4866829 3409617 3280952 13160000 12615000 7965604 8183649 5488083 5643040 34827884 34589470 X 22643399 25618454 20125973 15875298 16648730 20507203 59418102 62000955 94245986 96590425 2801435 -218582 0 X 0 1 X 1 1 1 X 9442397 15118324 6161073 5458172 8050796 44230762 9442397 15118324 6161073 5458172 8050796 44230762 7323986 36906776 573640 274675 473094 419819 319831 2061059 46291821 324883820 0.79730 0.74030 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 30473876 425933 506523 780086 30626246 27234092 1688333 3251286 1699835 30473876 21009808 5692747 1917305 1385768 27234092 20986744 925399 -63555 838780 21009808 23239401 1265721 3074040 6592418 20986744 0.28000 0.52400 0.19600 0 0 6420148 6420148 80464523 37042900 43421623 14030227 12599721 1430506 123552 123552 51395829 WEATHERLOW OFFSHORE I 2120455 F DRAKE OFFSHORE LP 3209412 F STEPSTONE PE PTNRS OFFSHORE II 1473052 F COMMON STOCKS 2257800 F CORPORATE OBLIGATIONS 407658 F US GOV/AGENCY/MUNI 96817 F PIPER JAFFRAY MUNI OPPORTUNITIES FD 1088089 F AUDA SECONDARY III FEEDER 683254 F BLUEMOUNTAIN CAIS CA LTD 1062760 F 12399297 ANNUITIES PAYABLE 214615 ASSET RETIREMENT OBLIGATION 1800469 DEPOSITS HELD FOR OTHERS 191755 LIFE INCOME PAYABLE 92564 U.S. GOVERNMENT ADVANCES 3193407 ACCRUED POST RETIREMENT BENEFITS 150230 5643040 X 52543198 -218582 13240 -205342 52748540 23669056 23669056 76417596 49960345 13240 13240 49947105 23669056 23669056 73616161 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 13,240. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIP EXPENSES 23,669,056. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 13,240. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIP EXPENSES 23,669,056. 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 POLARIS PHILANTHROPY GROUP 420 LEXINGTON AVE STE 300 NEW YORK NY 10170 COUNSEL ON FUNDRAISING PROCEDURES/STRATEGIES 0 5291873 118750 5173123 STOCKADE CONSULTING GROUP INC 650 FRANKLIN ST STE 201 SCHENECTADY NY 12305 COUNSEL FOR PHONE SOLICITATION AND BACK-UP 0 104452 36692 67760 5396325 155442 5240883 NY 1 STUDENT SCHOLARSHIPS 1514 23669056 0 PART I, LINE 2: PROCEDURES FOR MONITORING USE OF GRANT FUNDS IN THE UNITES 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 311528 0 0 0 0 0 7779 0 41865 0 361172 0 0 0 MELISSA KOMORA VP INSTITUTIONAL ADVANCEME 145764 0 0 0 0 0 3862 0 6727 0 156353 0 0 0 PART I, LINE 1A HOUSING ALLOWANCE/PERSONAL SERVICES: THE COLLEGES PROVIDE PRESIDENT SCRIMSHAW WITH A HOME IN TROY AND REQUIRE ITS USE AS A CONDITION OF EMPLOYMENT FOR THE CONVENIENCE OF THE COLLEGES. THE TOTAL ESTIMATED VALUE OF THE ANNUAL USE OF THE RESIDENCE IS $50,000 OF WHICH $33,500 IS ESTIMATED TO BE THE VALUE OF PERSONAL USE AND IS REPORTED AS A NONTAXABLE BENEFIT IN FORM 990, PART VII AND SCHEDULE J, PART II. X 10 28823 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.