2016-05-06T14:12:32-05:00 2015-06-30 161131146 BONADIO & CO LLP 432 NORTH FRANKLIN STREET SYRACUSE NY 13204 990 2014-07-01 150532276 WELLS COLLEGE WELL 3153643217 170 MAIN STREET AURORA NY 13026 ROBERT CREE CFO 3153643208 2016-05-06 1 BETTINA LIPPHARDT P00956232 3154764004 2014 2016-08-17 19:52:53Z ROBERT CREE 170 MAIN STREET AURORA NY 13026 44630200 0 X WWW.WELLS.EDU X 1868 NY EDUCATE STUDENTS TO THINK CRITICALLY, REASON WISELY, AND ACT HUMANELY AS THEY CULTIVATE MEANINGFUL LIVES. THROUGH WELLS' ACADEMIC PROGRAM, RESIDENTIAL ATMOSPHERE, AND COMMUNITY ACTIVITIES, STUDENTS LEARN AND PRACTICE THE IDEALS OF THE LIBERAL ARTS. THE WELLS EXPERIENCE PREPARES STUDENTS TO APPRECIATE COMPLEXITY AND DIFFERENCE, TO EMBRACE NEW WAYS OF KNOWING, TO BE CREATIVE, AND TO RESPOND ETHICALLY TO THE INTERDEPENDENT WORLDS TO WHICH THEY BELONG. COMMITTED TO EXCELLENCE IN ALL AREAS OF ITS REACH, WELLS COLLEGE EQUIPS STUDENTS FOR LIFELONG LEARNING AND FOR SHARING THE PRIVILEGES OF EDUCATION WITH OTHERS. 17 16 666 0 46059 0 4316829 4401082 26843852 28288425 3408514 2420121 265837 269344 34835032 35378972 11277265 11974042 0 0 10715246 11030681 0 0 1038265 11042150 11159443 33034661 34164166 1800371 1214806 67468271 69595501 5961164 8173547 61507107 61421954 THE MISSION OF WELLS COLLEGE IS TO EDUCATE STUDENTS TO THINK CRITICALLY, REASON WISELY, AND ACT HUMANELY AS THEY CULTIVATE MEANINGFUL LIVES. 0 0 27952923 11974042 28511710 HIGHER EDUCATION - INSTRUCTIONAL COSTS INCLUDING SALARY AND BENEFITS FOR FACULTY AND EXPENSES ASSOCIATED WITH MAINTAINING EDUCATIONAL DEPARTMENTS. ALL PROGRAM EXPENSES ARE INCURRED TO FURTHER THE EDUCATION OF THE STUDENTS.(513 AVERAGE STUDENT FTES) 27952923 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 57 0 1 666 1 1 1 0 0 0 0 0 0 0 0 0 X 17 16 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X ROBERT CREE 3153643208 ROUTE 90 AURORA NY 13026 CARRIE BOLTON CHAIR 1.00 X X 0 0 0 MARIE CHAPMAN CARROLL VICE-CHAIR 1.00 X X 0 0 0 SARAH CHASE SECRETARY 1.00 X X 0 0 0 KAREN FRANKEL BLUM TRUSTEE 1.00 X 0 0 0 LISA MAZZOLA CANIA TRUSTEE 1.00 X 0 0 0 FIONA FEIN TRUSTEE 1.00 X 0 0 0 PAMELA EDGERTON FERGUSON TRUSTEE 1.00 X 0 0 0 DANIEL J FESSENDEN TRUSTEE 1.00 X 0 0 0 SARAH J JANKOWSKI TRUSTEE 1.00 X 0 0 0 JUDITH LAVELLE TRUSTEE 1.00 X 0 0 0 AMY CERAND MCNAUGHTON TRUSTEE 1.00 X 0 0 0 HON RENEE FORGENSI MINARIK TRUSTEE 1.00 X 0 0 0 BRENNA TOOMEY TRUSTEE 1.00 X 0 0 0 BETTY RODRIGUEZ VISLOSKY TRUSTEE 1.00 X 0 0 0 NANCY WENNER WITMER TRUSTEE 1.00 X 0 0 0 STEPHEN L ZABRISKIE TRUSTEE 1.00 X 0 0 0 THOMAS DE WITT INTERIM PRESIDENT 35.00 X X 248560 0 6214 LISA MARSH RYERSON PRESIDENT EMERITUS 35.00 X 169521 0 4238 WALTER NEWCOMB COO 35.00 X 164832 0 4658 CINDY SPEAKER PROVOST DEAN OF COLLEGE 35.00 X 129009 0 11848 MICHAEL MCGREEVEY VP FOR ADVANCEMENT 35.00 X 122109 0 12148 JEN MICHAEL DEAN OF STUDENTS 35.00 X 71032 0 10618 905063 0 49724 5 1 1 0 LECHASE CONSTRUCTION SERVICES LLC 205 INDIGO CREEK DRIVE ROCHESTER NY 14626 CONSTRUCTION 2053278 INNS OF AURORA LLC PO BOX 272 AURORA NY 13026 FOOD SERVICE 1646717 2 189033 4212049 1114148 4401082 TUITION & FEES 611600 27893104 27893104 AUXILLIARY ENTERPRISES 611710 395321 395321 28288425 542759 542759 11128590 9251228 1877362 1877362 1877362 OTHER REVENUE 611600 269344 223285 46059 269344 35378972 28511710 46059 2420121 11974042 11974042 702344 228606 344270 129468 8416202 6105221 1865289 445692 110307 83018 22354 4935 1022185 712211 254394 55580 779643 542201 189096 48346 70950 70950 88502 88502 93518 93518 272666 272666 830889 445606 310701 74582 208226 153511 21857 32858 1135500 747411 301551 86538 524581 145393 371904 7284 1351983 1041969 254141 55873 590585 462882 78647 49056 120166 118273 1516 377 132939 132939 1138156 1138156 313656 216758 89062 7836 MEALS AND ENTERTAINMENT 1722453 1683741 32491 6221 STUDY ABROAD 1222106 1222106 STUDENT AND FACULTY SER 658498 643861 11181 3456 BOOKSTORE 125357 125357 558712 162600 365949 30163 34164166 27952923 5172978 1038265 3319577 2976179 47462 47562 1591218 1568881 473370 542112 850917 836210 183952 149636 44628 65982 62853560 34083652 26141709 28769908 34128654 33967166 686784 671865 67468271 69595501 1287182 1120076 172022 246007 3000000 5328599 1501960 1478865 5961164 8173547 X 20384935 20727581 4997792 3793173 36124380 36901200 61507107 61421954 67468271 69595501 X 1214806 -1296921 -3038 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 38752995 791408 -905277 38639126 39805369 409854 768219 2230447 38752995 38961052 359012 586327 101022 39805369 38482287 577915 -56841 42309 38961052 34683322 4699001 32265 866301 66000 38482287 0.95290 0.04710 0 0 779027 779027 55426189 29651261 25774928 5969092 4432391 1536701 679252 679252 28769908 DEFERRED GIVING 276768 PERKINS LOAN FUNDS 836210 ASSET RETIREMENT OBLIGATION 365887 1478865 21832305 -1296921 -3038 -1299959 23132264 272666 11974042 12246708 35378972 21917458 0 21917458 272666 11974042 12246708 34164166 PART V, LINE 4: THE COLLEGE'S PRIMARY INVESTMENT OBJECTIVE FOR THE ENDOWMENT ASSETS IS TO PROVIDE SUPPORT FOR THE COLLEGE'S MISSION OVER THE LONG TERM. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN SPLIT INTEREST AGREEMENT 11,881. CHANGE IN VALUE OF FUNDS HELD BY OTHERS -14,919. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS 11,974,042. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS 11,974,042. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 IN STUDENT BROCHURES, EMPLOYEE HANDBOOK, ORIENTATION MATERIALS SCHEDULE E, PART I, LINE 6 STUDENT FINANCIAL AID AND GOVERNMENT GRANTS FOR RESEARCH AND DEVELOPMENT OF PROFESSORS IN THE EDUCATION FIELDS. 1 WELLS GRANT 391 11898518 SEOG GRANT 174 75524 PART I, LINE 2: APPLICATIONS ARE RECEIVED AND GRANTS ARE AWARDED FOR NEED BASED ELIGIBLE STUDENTS AND FOR ACADEMIC PERFORMANCE. X X X X 1 1 X X X 0 0 0 0 0 0 0 0 0 THOMAS DE WITT INTERIM PRESIDENT 248560 0 0 0 0 0 6214 0 0 0 254774 0 0 0 LISA MARSH RYERSON PRESIDENT EMERITUS 169521 0 0 0 0 0 4238 0 0 0 173759 0 0 0 WALTER NEWCOMB COO 164832 0 0 0 0 0 4121 0 537 0 169490 0 0 0 X 55 1114148 FMV 0 0 0 FORM 990, PART VI, SECTION B, LINE 11 THE COLLEGE PROVIDES A DRAFT COPY OF THE IRS FORM 990 TO THE CHAIR OF THE AUDIT COMMITTEE FOR REVIEW AND APPROVAL PRIOR TO COMPLETION AND FILING WITH THE INTERNAL REVENUE SERVICE. THE IRS FORM 990 IS ALSO POSTED ON THE TRUSTEE WEBSITE FOR REVIEW AND APPROVAL BY ALL TRUSTEES. FORM 990, PART VI, SECTION B, LINE 12C EACH YEAR BOARD MEMBERS ARE REQUIRED TO SIGN A CONFLICT OF INTEREST STATEMENT. STATEMENTS ARE REVIEWED ANNUALLY BY THE BOARD CHAIR AND THE PRESIDENT OF THE COLLEGE, AND THE COLLEGE'S BOARD OF TRUSTEES' SECRETARY WHO MONITORS AND ASSURES COMPLIANCE WITH INSTITUTIONAL POLICIES AND PRACTICES AS APPROPRIATE. FORM 990, PART VI, SECTION B, LINE 15 THE STARTING SALARY AND BENEFITS PACKAGE FOR THE PRESIDENT IS DETERMINED BY THE EXECUTIVE COMMITTEE AND IS PRESENTED TO THE BOARD OF TRUSTEES FOR APPROVAL. ON AN ANNUAL BASIS, THE EXECUTIVE COMMITTEE REVIEWS AND APPROVES PERFORMANCE GOALS AND OBJECTIVES WITH RESPECT TO COMPENSATION. IF, BASED ON THE EVALUATION AND BENCHMARK DATA COMPILED, A CONTRACT CHANGE IS RECOMMENDED, IT IS VOTED ON BY THE BOARD. FORM 990, PART VI, SECTION C, LINE 19 GRANTED UPON WRITTEN REQUEST OF AN INDIVIDUAL. ALL FORMS ARE AVAILABLE AT THE COLLEGE'S ADMINISTRATIVE OFFICES DURING NORMAL BUSINESS HOURS. A REPRESENTATIVE FROM THE COLLEGE WILL BE PRESENT AT ALL TIMES DURING THE REVIEW. UPON REQUEST, COPIES OF THE FORMS WILL BE PROVIDED. COPIES ARE ALSO AVAILABLE AT GUIDESTAR.ORG FORM 990, PART XI, LINE 9: CHANGE IN SPLIT INTEREST AGREEMENT 11,881. CHANGE IN VALUE OF FUNDS HELD BY OTHERS -14,919. FORM 990 PART XII LINE 2C THE AUDIT COMMITTEE IS CHARGED WITH OVERSIGHT AND SELECTION OF INDEPENDENT AUDITORS.