2016-02-26T10:33:14-06:00 2015-05-31 861065772 DELOITTE TAX LLP 111 MONUMENT CIRCLE STE 4200 INDIANAPOLIS IN 462045108 990 2014-06-01 160743942 CANISIUS COLLEGE CANI 7168837000 2001 MAIN STREET BUFFALO NY 14208 MARCO F BENEDETTI VP OF BUSINESS & FINANCE 7168837000 2016-02-26 1 SAMANTHA BOKORI P01057347 3174648600 2014 2016-08-17 19:52:53Z MARCO F BENEDETTI 2001 MAIN STREET BUFFALO NY 14208 168239576 0 X WWW.CANISIUS.EDU X 1870 NY HIGHER EDUCATION 33 31 2265 31 298773 -204986 14629359 8243328 132651696 129517572 8859722 7297567 446081 1971526 156586858 147029993 57035705 56624446 0 0 53086960 51227670 0 63638 984187 33511752 32921665 143634417 140837419 12952441 6192574 301785835 306747020 100699046 100670504 201086789 206076516 X CANISIUS COLLEGE IS A PRIVATE, INDEPENDENT ROMAN CATHOLIC COLLEGE, GOVERNED BY AN INDEPENDENT SELF PERPETUATING BOARD OF TRUSTEES UNDER A CHARTER GRANTED BY THE BOARD OF TRUSTEES OF THE COLLEGE OF THE STATE OF NEW YORK. ESTABLISHED AS A LIBERAL ARTS COLLEGE, THE COLLEGE HAS GROWN TO INCLUDE A GRADUATE DIVISION, A SCHOOL OF BUSINESS ADMINISTRATION, A SCHOOL OF EDUCATION AND HUMAN SERVICES, AND A SUMMER SESSION IN ADDITION TO THE COLLEGE OF ARTS AND SCIENCES. 0 0 94652907 56624446 111425441 EDUCATION/INSTRUCTION - PROVIDE EDUCATION TO APPROXIMATELY 4,181 STUDENTS IN THE FALL AND 4,038 STUDENTS IN THE SPRING SEMESTERS. 19115143 3009778 STUDENT SERVICES - PROVIDE THE NECESSARY SERVICES REQUIRED BY THE STUDENTS ENROLLED IN THE PROGRAMS. 10636010 15584705 RESIDENCE HALLS - PROVIDE ROOM AND BOARD TO APPROXIMATELY 4,181 STUDENTS IN THE FALL AND 4,038 STUDENTS IN THE SPRING SEMESTERS. 124404060 1 1 0 0 0 1 0 0 0 1 1 1 0 0 1 1 1 0 1 0 1 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 1 401 0 1 2265 1 1 1 0 0 0 0 1 1 0 1 1 0 0 0 0 X 33 31 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X X MARCO F BENEDETTI 7168837000 2001 MAIN STREET BUFFALO NY 14208 LARRY AIELLO JR TRUSTEE 0.50 0.00 X 0 0 0 TERESA M AMABILE TRUSTEE 0.50 0.00 X 0 0 0 REV MICHAEL G BOUGHTON SJ TRUSTEE 0.50 0.00 X 0 0 0 REV JOHN T BUTLER SJ TRUSTEE 0.50 0.00 X 0 0 0 EDWARD BURKE-CAREY TRUSTEE 0.50 0.00 X 0 0 0 JOSEPH J CASTIGLIA TRUSTEE 0.50 0.00 X 0 0 0 NELSON D CIVELLO TRUSTEE 0.50 0.00 X 0 0 0 JOHN R CONNOLLY TRUSTEE 0.50 0.00 X 0 0 0 REV ROCCO C DANZI SJ TRUSTEE 0.50 0.00 X 0 0 0 MICHAEL A ERVOLINA JR TRUSTEE 0.50 0.00 X 0 0 0 HON LENORA B FOOTE-BEAVERS TRUSTEE 0.50 0.00 X 0 0 0 REV BRIAN B FRAIN SJ TRUSTEE 0.50 0.00 X 0 0 0 RICHARD N GILBERT JR TRUSTEE 0.50 0.00 X 0 0 0 ANTHONY B HABIB TRUSTEE 0.50 0.00 X 0 0 0 JOSEPH M HASSETT TRUSTEE 0.50 0.00 X 0 0 0 BERND G HEINZE TRUSTEE 0.50 0.00 X 0 0 0 REV D SCOTT HENDRICKSON SJ TRUSTEE 0.50 0.00 X 0 0 0 CHRISTINE M LICATA-CULHANE TRUSTEE 0.50 0.00 X 0 0 0 ALFRED F LUHR III TRUSTEE 0.50 0.00 X 0 0 0 ROCCO J MAGGIOTTO TRUSTEE 0.50 0.00 X 0 0 0 MARK J MANUELE TRUSTEE 0.50 0.00 X 0 0 0 ANTHONY M MASIELLO TRUSTEE 0.50 0.00 X 0 0 0 JOSEPH D MCDONALD TRUSTEE 0.50 0.00 X 0 0 0 REV JOSEPH M MCSHANE SJ TRUSTEE 0.50 0.00 X 0 0 0 MICHAEL J MONTANTE TRUSTEE 0.50 0.00 X 0 0 0 ACEA M MOSEY TRUSTEE 0.50 0.00 X 0 0 0 KENNETH F MYSZKA TRUSTEE 0.50 0.00 X 0 0 0 REV LEO J O'DONOVAN SJ TRUSTEE 0.50 0.00 X 0 0 0 RONALD A RACCUIA TRUSTEE 0.50 0.00 X 0 0 0 JAMES E SHERWOOD TRUSTEE 0.50 0.00 X 0 0 0 LAWRENCE J VILARDO TRUSTEE 0.50 0.00 X 0 0 0 BEN K WELLS TRUSTEE 0.50 0.00 X 0 0 0 LEE C WORTHAM TRUSTEE 0.50 0.00 X 0 0 0 ANN E CELANI TRUSTEE (THRU 6/30/14) 0.50 0.00 X 0 0 0 REV JOSEPH S CONSTANTINO TRUSTEE (THRU 6/30/14) 0.50 0.00 X 0 0 0 HON MARY GRACE DIEHL TRUSTEE (THRU 6/30/14) 0.50 0.00 X 0 0 0 DENNIS F STRIGL TRUSTEE (THRU 9/30/14) 0.50 0.00 X 0 0 0 MR JOHN J HURLEY PRESIDENT 40.00 0.00 X 293895 0 47882 DR RICHARD WALL VP - ACADEMIC AFFAIRS 40.00 0.00 X 183242 0 59293 MR WILLIAM COLLINS VP - INSTITUTIONAL ADVANCEMENT 40.00 0.00 X 56472 0 5243 MS KATHLEEN DAVIS VP - ENROLLMENT 40.00 0.00 X 92117 0 12694 MR MARCO F BENEDETTI VP - BUSINESS & FINANCE 40.00 0.00 X 179496 0 12819 MS TERRI MANGIONE VP - STUDENT AFFAIRS 40.00 0.00 X 144651 0 28347 MS DIANNA CIVELLO INTERIM VP - INST. ADVANCEMENT 40.00 0.00 X 136409 0 10213 MR JAMES BARON MEN'S BASKETBALL COACH 40.00 0.00 X 272264 0 54745 DR RICHARD SHICK DEAN - SCHOOL OF BUSINESS 40.00 0.00 X 204516 0 30258 DR JOSEPH O'DONNELL PROFESSOR 40.00 0.00 X 165952 0 63326 DR IAN REDPATH PROFESSOR 40.00 0.00 X 163425 0 23115 DR MARGARET MCCARTHY ASSOC. VP - ACADEMIC AFFAIRS 40.00 0.00 X 152907 0 36726 2045346 0 384661 51 0 1 0 CHARTWELLS EDUCATIONAL DINING SERVICES 81 ST MARY ST TORONTO ONTARIO CA FOOD SERVICE 3500519 ROYALL AND COMPANY 1920 EAST PARHAM RD RICHMOND VA 232282206 MARKETING 618480 MLP PLUMBING AND MECHANICAL 3198 UNION RD CHEEKTOWAGA NY 14227 HVAC 616856 TERACAI CORP 217 LAWRENCE RD E PO BOX 4715 SYRACUSE NY 132214717 TELEPHONE/COMMUNICATIONS 561911 ERIC MOWER AND ASSOCIATES 211 WEST JEFFERSON ST SYRACUSE NY 13202 MARKETING 495872 32 162718 3046132 5034478 419328 8243328 TUITION & FEES 611710 111751142 111425441 325701 RESIDENCE HALL-RM & BO 611710 15584705 15584705 FOOD SVC/RATHSKELLER 611710 1224859 1224859 INTERCOLLEGIATE ATHLET 611710 824717 824717 BOOKSTORE/PRINTING 611710 132149 132149 129517572 3969528 -28765 3998293 1225266 0 1225266 1225266 1225266 24120808 296024 20773486 315307 3347322 -19283 3328039 3328039 37160 162718 120790 -83630 -83630 MISCELLANEOUS 531190 829890 828053 1837 829890 147029993 130019924 298773 8467968 56624446 56624446 1262773 520344 742429 36101748 30682544 5419204 2300754 1869388 431366 8802946 6366156 2436790 2759449 2070504 688945 83954 83954 197749 197749 63638 63638 109825 109825 2472318 2472318 8249454 6703588 1545866 ACADEMIC SUPPORT 10707890 10707890 0 0 INSTRUCTION 6386882 6386882 0 0 INSTITUTIONAL SUPPORT 2959940 0 2039391 920549 NETWORK/INFRASTRUCTURE 1220179 0 1220179 0 533474 533474 140837419 124404060 15449172 984187 14817812 19582464 5916282 4826503 15131130 13577935 4886702 4831600 3929915 3755500 26139 24763 2702303 2630474 261231445 124065090 142119206 137166355 111528664 119984316 727682 367110 301785835 306747020 9672562 10188583 6714113 8452340 74144583 71689442 380374 363793 9787414 9976346 100699046 100670504 X 90385718 90718763 41706097 44038787 68994974 71318966 201086789 206076516 301785835 306747020 6192574 -1239166 36319 0 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 73233 0 172732 1 0 104580533 3800529 6323666 3964529 110740199 94474839 4969184 9006205 3869695 104580533 84947373 2567077 11764514 4154125 650000 94474839 88435779 4274062 -3225931 4536537 84947373 74447275 5397573 12953595 4362664 88435779 0.17000 0.55000 0.28000 1 0 5475772 5475772 203172348 79212072 123960276 52583325 44853018 7730307 137166355 SHORT TERM INVESTMENTS: DEBT SERVICE 12025604 F OTHER INVESTMENTS 107958712 F 119984316 DEPOSITS HELD IN CUSTODY 248959 INTEREST PAYABLE 756495 GOVERNMENT GRANTS REFUNDABLE 2698409 ASSET RETIREMENT OBLIGATION 6272483 9976346 X 95279807 -1239166 36319 -1202847 96482654 50547339 50547339 147029993 90290080 0 90290080 50547339 50547339 140837419 PART V, LINE 4: THE PRIMARY INTENDED USE OF THE ENDOWMENT IS TO SUPPLEMENT OPERATIONS AND FUND SCHOLARSHIPS FOR STUDENTS. PART X, LINE 2: THE COLLEGE IS SUBJECT TO THE PROVISIONS OF ASC NO. 740-10, INCOME TAXES, RELATED TO THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. NO LIABILITY FOR UNRECOGNIZED TAX BENEFITS WAS REQUIRED AT MAY 31, 2015 AND 2014. PART XI, LINE 4B - OTHER ADJUSTMENTS: ENDOWED SCHOLARSHIPS 3,075,084. INSTITUTIONAL SCHOLARSHIPS AND STUDENT AID 47,472,255. PART XII, LINE 4B - OTHER ADJUSTMENTS: ENDOWED SCHOLARSHIPS 3,075,084. INSTITUTIONAL SCHOLARSHIPS AND STUDENT AID 47,472,255. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 CANISIUS COLLEGE'S NONDISCRIMINATORY POLICY IS PUBLISHED AT LEAST ANNUALLY IN THEIR NEWSPAPER. THE COLLEGE ALSO INCLUDES A STATEMENT OF THIS POLICY IN ALL BROCHURES, CATALOGS AND ADVERTISEMENTS DEALING WITH STUDENT PROGRAMS, ADMISSIONS, AND SCHOLARSHIPS. SCHEDULE E, PART I, LINE 6: THE COLLEGE RECEIVES FINANCIAL AID FROM VARIOUS FEDERAL AND STATE AGENCIES. THE COLLEGE OPERATES UNDER A NONDISCRIMINATORY POLICY, AND DISTRIBUTES FINANCIAL AID IN ACCORDANCE WITH SUCH POLICY. CENTRAL AMERICA & THE CARIBBEAN 0 0 PROGRAM SERVICES STUDENT TRAVEL AND CONFERENCES 132191 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES STUDENT REFUNDS, STUDENT TRAVEL, CONFERENCES AND STUDY ABROAD PROGRAMS 61031 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 PROGRAM SERVICES STUDENT REFUNDS, STUDENT TRAVEL, CONFERENCES AND STUDY ABROAD PROGRAMS 312650 MIDDLE EAST AND NORTH AFRICA 0 0 PROGRAM SERVICES CONFERENCE 4291 NORTH AMERICA 0 0 PROGRAM SERVICES WAGES, STUDENT REFUNDS, STUDENT TRAVEL AND CONFERENCES 99298 SOUTH AMERICA 0 0 PROGRAM SERVICES STUDENT TRAVEL, CONFERENCES AND STUDY ABROAD PROGRAMS 21495 SUB-SAHARAN AFRICA 0 0 PROGRAM SERVICES STUDENT TRAVEL, CONFERENCES AND STUDY ABROAD PROGRAMS 28451 0 0 0 0 0 0 659407 0 659407 1 0 0 1 1 0 X X 1 LEGACY LEADERS CORPORATION 5500 MAIN STREET SUITE 302 WILLIAMSVILLE NY 142216753 CAMPAIGN TO DISCUSS PLANNED GIVING WITH ALUMNI 0 0 63638 0 63638 NY REGENTS BALL 175356 159040 16316 91016 4611 BLUE & GOLD GOLF OUTING 24522 3678 20844 16000 9163 199878 162718 37160 107016 13774 120790 -83630 1 0 0 UNRESTRICTED AND INSTITUTIONAL SCHOLARSHIPS, INCLUDING MERIT AND ATHLETIC SCHOLARSHIPS 12396 47481331 RESTRICTED SCHOLARSHIPS AND GOVENRMENT AID 5734 9143115 PART I, LINE 2: THE COLLEGE'S FINANCIAL AID OFFICE MAINTAINS ELIGIBILITY REQUIREMENTS AND MONITORS GRANTING OF AWARDS TO STUDENTS AND FOLLOWS U.S. FEDERAL AID REGULATIONS AND ALL STATES' REGULATIONS FOR GRANTS TO ITS STUDENTS. X 1 1 X X X X 0 0 0 0 0 0 0 0 0 MR JOHN J HURLEY PRESIDENT 273766 0 0 0 20129 0 0 0 47882 0 341777 0 0 0 DR RICHARD WALL VP - ACADEMIC AFFAIRS 181806 0 0 0 1436 0 0 0 59293 0 242535 0 0 0 MR MARCO F BENEDETTI VP - BUSINESS & FINANCE 178592 0 0 0 904 0 0 0 12819 0 192315 0 0 0 MS TERRI MANGIONE VP - STUDENT AFFAIRS 144060 0 0 0 591 0 0 0 28347 0 172998 0 0 0 MR JAMES BARON MEN'S BASKETBALL COACH 272264 0 0 0 0 0 0 0 54745 0 327009 0 0 0 DR RICHARD SHICK DEAN - SCHOOL OF BUSINESS 202893 0 0 0 1623 0 0 0 30258 0 234774 0 0 0 DR JOSEPH O'DONNELL PROFESSOR 165952 0 0 0 0 0 0 0 63326 0 229278 0 0 0 DR IAN REDPATH PROFESSOR 163425 0 0 0 0 0 0 0 23115 0 186540 0 0 0 DR MARGARET MCCARTHY ASSOC. VP - ACADEMIC AFFAIRS 152907 0 0 0 0 0 0 0 36726 0 189633 0 0 0 PART I, LINE 1A THE COLLEGE PAID FOR HEALTH AND SOCIAL CLUB DUES OR COUNTRY CLUB DUES FOR FOUR OF THE OFFICERS/HIGHEST COMPENSATED EMPLOYEES LISTED IN PART VII. CANISIUS WILL ONLY REIMBURSE A BUSINESS EXPENSE WHEN ALL THREE OF THE FOLLOWING IRS REQUIREMENTS ARE MET: 1) THE EXPENSE MUST HAVE A BUSINESS CONNECTION (I.E., THE EXPENSES MUST BE INCURRED WHILE PERFORMING SERVICES ON BEHALF OF THE COLLEGE) 2) THE EXPENSE MUST BE ADEQUATELY SUBSTANTIATED BY THE EMPLOYEE WITHIN A REASONABLE PERIOD OF TIME; AND 3) THE EMPLOYEE MUST RETURN ANY EXCESS REIMBURSEMENT OF ALLOWANCE WITHIN A REASONABLE PERIOD OF TIME. A PORTION OF THESE DUES WERE TAXABLE BASED ON THE PERCENTAGE OF NON-BUSINESS TO BUSINESS USE FOR EACH EMPLOYEE. THE COLLEGE "GROSSED UP" THE APPLICABLE NON-BUSINESS EXPENSES AND INCLUDED IN THE EMPLOYEES' W-2 AS ADDITIONAL TAXABLE COMPENSATION. A DORMITORY AUTHORITY OF THE STATE OF NEW YORK 146000293 64983TCQ4 2004-03-04 28548460 NEW DORM BONDS 0 0 0 B DORMITORY AUTHORITY OF THE STATE OF NEW YORK 146000293 64983QCU1 2005-04-26 24788408 REFUND BONDS ISSUED 12/21/1995 0 0 0 C BUFFALO AND ERIE COUNTY INDUSTRIAL LAND DEVELOPMENT CORPORATION 222413596 NONEAVAIL 2010-12-29 16000000 CONSTRUCT AND EQUIP FACILITY 0 0 0 D DORMITORY AUTHORITY OF THE STATE OF NEW YORK 146000293 NONEAVAIL 2012-11-09 15162925 REFUND BONDS ISSUED 12/28/2000 0 0 0 A 6200000 28873113 1985988 384381 896521 1628319 23576363 401541 2005 0 1 0 1 B 7730000 24788408 312199 641000 281770 23553438 1 0 1 1 C 16000000 271178 15728822 2012 0 0 1 1 D 15162925 303258 76326 14783341 1 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 0 C 0 0 0 0 0.00000 0.00000 0.00000 0 0 0 A 0 0 0 1 0 0 0 1 0 B 0 0 0 1 0 0 0 0 0 C 0 1 0 0 1 0 0 0 0 D 0 1 0 0 1 1 M&T TRUST COMPANY 10.000000000000 0 0 0 0 0 A 0 B 0 C 0 D 0 PARTS I AND II, COLUMN A: DIFFERENCES BETWEEN THE ISSUE PRICE (PART I) AND TOTAL PROCEEDS (PART II, LINE 3) ARE DUE TO INVESTMENT EARNINGS. PART IV, LINE 2C, COLUMNS A AND B: DASNY INVESTS BOND PROCEEDS AND HANDLES ARBITRAGE COMPLIANCE ON BEHALF OF CONDUIT BORROWERS, PREPARING REPORTS ANNUALLY FOR ALL ITS ISSUES. THE COLLEGE DOES NOT HAVE COPIES OF THE REPORTS PREPARED AT THE COMPUTATION DATES, BUT IS AWARE THAT DASNY PREPARED SUCH REPORTS, IN 2014 AND 2015, RESPECTIVELY, FOR THE 2004 AND 2005 BONDS. THE COLLEGE DOES HAVE COPIES OF RECENT REPORTS PREPARED FOR THE ANNUAL PERIODS ENDED 12/31/2013, WHICH CONTINUE TO SHOW ZERO REBATE LIABILITY FOR BOTH BOND ISSUES. ADPRO SPORTS SEE PART V 370424 SEE PART V 0 UNILAND DEVELOPMENT CO SEE PART V 187871 SEE PART V 0 PART IV, BUSINESS TRANSACTIONS INVOLVING INTERESTED PERSONS: (A) NAME OF PERSON: ADPRO SPORTS (B) RELATIONSHIP BETWEEN INTERESTED PERSON AND THE ORGANIZATION: GREATER THAN 35% CONTROLLED ENTITY BY RONALD RACCUIA (TRUSTEE).(D) DESCRIPTION OF TRANSACTION: SALES OF ATHLETIC APPAREL. PART IV, BUSINESS TRANSACTIONS INVOLVING INTERESTED PERSONS: (A) NAME OF PERSON: UNILAND DEVELOPMENT CO.(B) RELATIONSHIP BETWEEN INTERESTED PERSON AND THE ORGANIZATION: CONTROLLED ENTITY BY MICHAEL MONTANTE (TRUSTEE).(D) DESCRIPTION OF TRANSACTION: CONSTRUCTION PROJECTS. X 2177 COST X 33 397528 SALE OF COMPARABLE PROP X 1 1200 COST X MISCELLANEOUS 49 11552 COST X HOTEL PACKAGE 3 4647 COST X GIFT CARDS 23 2224 COST 0 0 0 0 PART I, COLUMN (B): THE NUMBER REPORTED IN COLUMN (B) REPRESENTS THE NUMBER OF CONTRIBUTIONS. FORM 990, PART VI, SECTION A, LINE 2 NELSON D. CIVELLO (TRUSTEE) AND DIANNA CIVELLO (INTERIM VP INSTITUTIONAL ADVANCEMENT) HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 IS REVIEWED BY THE VICE PRESIDENT FOR BUSINESS AND FINANCE AND HIS STAFF. THE FORM IS PROVIDED TO THE FULL BOARD, INCLUDING THE AUDIT COMMITTEE AND PRESIDENT OF THE COLLEGE, IN ADVANCE OF THE FORM BEING FILED WITH THE IRS, ALLOWING TIME FOR REVIEW AND COMMENT BY THE FULL BOARD. FORM 990, PART VI, SECTION B, LINE 12C EMPLOYEES MUST SUBMIT A WRITTEN FORM ANNUALLY THAT IS REVIEWED BY THE SECRETARY OF THE BOARD OF TRUSTEES AND ANY CONFLICTS OF INTEREST ARE DISCUSSED WITH EMPLOYEE. FORM 990, PART VI, SECTION B, LINE 15 IN DETERMINING COMPENSATION OF THE ORGANIZATION'S TOP MANAGEMENT OFFICIAL, THE PROCESS INCLUDES HIRING AN INDEPENDENT CONSULTING FIRM, WHO PROVIDES MARKET SURVEYS AND BENCHMARKING TO HELP ASSIST IN THE DECISION MAKING PROCESS. THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES REVIEWS AND APPROVES THE FINAL COMPENSATION AMOUNTS. IN DETERMINING COMPENSATION LEVELS OF OTHER KEY EMPLOYEES, THE COLLEGE LOOKS AT MARKET SURVEYS AND BENCHMARKS FROM OTHER AJCU SCHOOLS. THE PRESIDENT DETERMINES THE APPROPRIATE COMPENSATION LEVEL AND REVIEWS IT WITH THE BOARD. FORM 990, PART VI, SECTION C, LINE 19 THE COLLEGE'S FORM 990 IS AVAILABLE ON GUIDESTAR.ORG AND UPON REQUEST. THE GOVERNING DOCUMENTS, FINANCIAL INFORMATION AND OTHER DOCUMENTS OPEN FOR PUBLIC DISCLOSURE ARE AVAILABLE UPON REQUEST.