2015-05-06T15:49:34-05:00 2014-06-30 GRANT THORNTON LLP 757 THIRD AVE 4TH FLOOR NEW YORK NY 100172013 990 2013-07-01 111635105 St Francis College % JOHN RAGNO AVP FOR FINANCE STFR 7184895364 180 Remsen Street Suite Brooklyn NY 11201 JUNE MCGRISKEN Executive VP 7184895364 2015-05-06 true Daniel Romano P00504182 7184895364 2013 2016-03-07 17:11:31Z Brendan Dugan 180 Remsen Street Brooklyn NY 11201 73044619 false X WWW.SFC.EDU X 1957 NY ST. FRANCIS COLLEGE IS AN INDEPENDENT, COEDUCATIONAL INSTITUTION OF HIGHER EDUCATION CHARTERED BY AN ACT OF THE REGENTS OF THE UNIVERSITY OF THE STATE OF NY ON APRIL 10,1957. 25 25 573 0 5740 4065 3450830 3183943 52619847 55360795 1818853 4611653 1932054 2089700 59821584 65246091 17000516 18101670 0 0 25693787 26557248 0 0 1254697 20779376 20835459 63473679 65494377 -3652095 -248286 145334008 149685512 49720622 48092674 95613386 101592838 ST. FRANCIS COLLEGE IS AN INDEPENDENT, COEDUCATIONAL INSTITUTION OF HIGHER EDUCATION CHARTERED BY AN ACT OF THE REGENTS OF THE UNIVERSITY OF THE STATE OF NEW YORK ON APRIL 10, 1957. false false 18715528 54806899 INSTRUCTIONAL - THE COLLEGE PROVIDES DIRECT SERVICES through its faculty TO APPROXIMATELY 2,700 FULL AND 300 PART TIME STUDENTS LEADING primarily TO BACCALAUREATE AND ASSOCIATE DEGREES. the college has recently added several masters degrees. 15717457 553896 ACADEMIC SUPPORT - PROVIDES FUNDING FOR SUPPORT SERVICES TO THE INSTRUCTIONAL DEPARTMENTS, academic ENHANCEMENT AND STUDENT ORIENTATION SERVICES, HONORS PROGRAMS, AND THE LIBRARY. STUDENT SERVICES - PROVIDES FUNDING FOR THE OFFICES OF ADMISSIONS, REGISTRAR, AND OTHER STUDENT RELATED SUPPORT SERVICES AND ACTIVITIES TO ENSURE STUDENTS' EMOTIONAL AND PHYSICAL WELL-BEING AND DEVELOPMENT OUTSIDE THE FORMAL INSTRUCTIONAL PROGRAM. 18101670 18101670 STUDENT AID AND OTHER - FUNDING FOR SCHOLARSHIPS, GRANTS, AND OTHER FINANCIAL AID. THE COLLEGE awards federal and state grants and/or loans based upon financIAL need. College FUNDED INSTITUTIONAL AND ENDOWED GRANTS/SCHOLARSHIPS ARE AWARDED BASED UPON FINANCIAL NEED AND ACADEMIC MERIT. 52534655 true true false true false false false true false true true true false false true true true false true false true false false false true false false false true true true false false true false false false false false false false true false false false false false false false false true 3796 0 true 573 true true true false false false false true true false false false false X 25 25 true false false false false false false true true false false true true true true true true true true false X JOHN RAGNO AVP FOR FINANCE 7184895364 180 REMSEN STREET BROOKLYN NY 11201 HECTOR BATISTA TRUSTEE 0.5 0.0 X 0 0 0 BROTHER WILLIAM A BOSLET TRUSTEE 0.5 0.0 X msgr john j bracken TRUSTEE 0.5 0.0 X BROTHER LEONARD CONWAY TRUSTEE 0.5 0.0 X ORVILLE w DALE TRUSTEE 0.5 0.0 X john b clark TRUSTEE 0.5 0.0 X kenneth daly TRUSTEE 0.5 0.0 X BARBARA G KOSTER TRUSTEE 0.5 0.0 X JESUS f LINARES TRUSTEE 0.5 0.0 X J CHRISTOPHER MANGAN TRUSTEE 0.5 0.0 X LAWRENCE A MARSIELLO TRUSTEE 0.5 0.0 X GINO P MENCHINI TRUSTEE 0.5 0.0 X DENIS j SALAMONE TRUSTEE 0.5 0.0 X BROTHER KEVIN SMITH OSF TRUSTEE, Secretary 0.5 0.0 X X JOHN F TULLY TRUSTEE, chairman 0.5 0.0 X X CHARLES E WILLIAMS III TRUSTEE 0.5 0.0 X Eugene Donnelly TRUSTEE 0.5 0.0 X LESLIE s JACOBSON TRUSTEE 0.5 0.0 X michael henning TRUSTEE 0.5 0.0 X VICTOR J MASI TRUSTEE 0.5 0.0 X William Dawson trustee 0.5 0.0 X Edward N Constantino TRUSTEE 0.5 0.0 X Mary Beth Dawson TRUSTEE 0.5 0.0 X michael macchiarola TRUSTEE 0.5 0.0 X Catherine Greene trustee 0.5 0.0 X brendan dugan President 40.0 0.0 X 357300 48360 TIMOTHY HOULIHAN provost 40.0 0.0 X 232135 35262 GUY CARLSEN CHIEF INFORMATION OFFICER 40.0 0.0 X 162127 23455 JUNE MCGRISKEN EXECUTIVE VP 40.0 0.0 X 234003 27980 Thomas Flood VP of Development 40.0 0.0 X 198943 43685 LINDA WERBEL DASHEFSKY VP GOVERNMENT RELATIONS 40.0 0.0 X 155190 41899 DR dennis anderson PROFESSOR OF BUSINESS MGMT 40.0 0.0 X 159481 22153 ALLEN BURDOWSKI ASSOCIATE DEAN 40.0 0.0 X 187465 20322 KEVIN O'ROURKE AVP FACILITIES & CAPITAL PROJ 40.0 0.0 X 157124 41334 DR GEOFFREY HORLICK PROFESSOR OF ACCOUNTING 40.0 0.0 X 162753 42261 Glen braica head basketball coach 40.0 0.0 X 156386 25679 2162907 0 372390 34 false true false RUFFALOCODY 65 KIRKWOOD NORTH ROAD SW CEDAR RAPIDS IA 52406 Admissions Consult. 453200 Collins Building Services 24-01 44th Rd LONG ISLAND CITY NY 11101 Cleaning Services 719139 WilkiNs Media Inc 330 Roberts Street EAST HARTFORD CT 06108 advertising consult. 291998 Systems Group 317 Neward Street HOBOKEN NY 07030 TECH. CONSULTANTS 167670 Shawmut Design Construction 3 East 54th Street 8th fl NEW YORK NY 10022 Construction SERVICE 277519 20 9923 132740 505554 2535726 594218 3183943 STUDENT TUITION AND FEES 611710 54806899 54806899 ATHLETIC RELATED INCOME 611710 553896 553896 55360795 1859631 1859631 0 0 1238355 1238355 0 1238355 1238355 9464926 741394 7431560 22738 2033366 718656 2752022 2752022 1023330 132740 344230 679100 679100 0 0 VENDOR COMMISSIONS & OTHER 721000 166505 166505 ADVERTISING INCOME 541800 5740 5740 172245 65246091 55360795 5740 6695613 0 18101670 18101670 0 0 2162907 898220 1065744 198943 0 18380792 15427949 2490411 462432 1593082 1266029 275766 51287 2915534 2316988 504685 93861 1504933 1195977 260507 48449 0 209481 209481 198780 60500 138280 108000 108000 0 103707 103707 356520 144871 133766 77883 2419132 1047389 1282880 88863 1304182 579028 676803 48351 1861685 855236 1006449 0 2686441 2300081 375110 11250 81978 46069 24143 11766 0 324445 230838 66736 26871 1273983 1273983 0 4603563 3960765 642798 0 PHYSICAL PLANT MAINTENANCE 1671541 1510385 161156 SPECIAL EVENTS & STUD. ACTV. 474126 141501 332625 ATHLETIC GAME MGMT & SUPL EXP 951141 951141 BAD DEBT EXPENSE 1095488 1095488 1111266 16554 959971 134741 65494377 52534655 11705025 1254697 589047 1789499 0 0 2780607 2409346 1401737 1506146 0 0 0 0 618060 607399 0 0 948581 767341 106377891 43619193 62538973 62758698 52671105 58507194 17707530 19111266 0 0 0 0 6078368 2228623 145334008 149685512 5662350 4998661 0 0 4168832 3566810 38249849 37594500 0 0 0 0 0 0 0 0 1639591 1932703 49720622 48092674 X 76453904 80139692 8329424 9904034 10830058 11549112 95613386 101592838 145334008 149685512 -248286 6227738 X false true X true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false false false true 108000 108000 false Description of Lobbying Activities Part II-B, Line 1j The College hires consultants to provide advice, strategic planning, and program implementation on various projects and issues. Additionally, on behalf of the College the consultant attends and performs various presentations before elected officials, public hearings and government administrators. 200205 X X CURRENTLY HELD IN STORAGE false 48282757 732424 10039247 1116612 3786873 54150943 43615635 869497 8043454 875118 3370711 48282757 46235474 389219 1308727 599280 3718505 43615635 38712995 894064 10421703 576418 3216870 46235474 36504579 612456 5840293 938891 3305442 38712995 0.65000 0.21000 0.14000 false false 105640 105640 95251865 37610628 57641237 10780274 6008565 4771709 240112 240112 62758698 ABSOLUTE RETURN HEDGE FUND 6873431 F FUND OF FUNDS HEDGE FUNDS 1455550 F PRIVATE EQUITY FUND 3468944 F PRIVATE REAL ESTATE FUND 5688683 F PRIVATE DEBT 1624658 F 19111266 0 REFUNDABLE LOAN PROGRAM 559581 DEFERRED STUD. PAYMENTS/DEPOSI 915996 ACCRUED INTEREST PAYABLE 457126 1932703 X 53268452 6227738 6227738 47040714 103707 18101670 18205377 65246091 47289000 47289000 103707 18101670 18205377 65494377 Art Collections Part III, Line 4 The College possesses a collection of central american art held in storage. Endowment part V, line 4 Certain endowment funds are used to provide scholarships to students in accordance with donor specifications. In addition, the Board of Trustees approved a spending rate of up to 6.75% to support the operations of the college. The actual amount used for operations was 5.98% in fiscal 2014. FIN 48 Part X The college follows guidance that clarifies the accounting for uncertainty in tax positions taken or expected to be taken in a tax return, including issues relating to financial statement recognition and measurement. This guidance requires that a tax position be recognized or derecognized based on a "more likely than not" threshold, and applies to positions taken or expected to be taken in a tax return. During fiscal 2014 and 2013, the College evaluated its tax positions and concluded that it does not have any uncertain tax positions that meet the criteria under the standard. The tax years ending June 30, 2011, 2012, 2013 and 2014 are still open to audit for both federal and state purposes. The College has processes presently in place to ensure the maintenance of its tax-exempt status; identify and report unrelated income; determine its filing and tax obligations in jurisdictions for which it has nexus; and identify and evaluate other matters that may be considered tax positions. Reconciliation Parts XI and XII line 4b The amount represents scholarships and government sponsored assistance that are netted against revenues on the financial statements. true true true true true true true false false false false false false false false true false true Description Line 3 The college publicizes its racially non-discriminatory policy on its website. Description Line 6a Financial Assistance is provided to our students by the U.S. Department of Education through federally funded campus based programs - Federal Supplemental Educational Opportunity Grant (FSEOG), Federal Work Study (FWS), and the Federal Perkins Loan Program. Central America and the Caribbean Investments 11797925 11797925 11797925 true false true false false false Schedule F, Part IV St. Francis College invests in domestic and foreign limited partnerships that may own an interest in a foreign corporation or foreign partnership. Nevertheless, the College's investment activities may not reach the thresholds required for filing the Forms 926 or 8865. To the extent such a form was completed, it has been filed with the College's Form 990-T. dinners 775464 89760 685704 156355 1800 66210 golf outings 380606 42980 337626 53252 66613 0 1156070 132740 1023330 209607 1800 132823 344230 679100 true SUPPLEMENTAL EQUAL OPPORTUNITY GRANT 200 132967 FEDERAL WORK STUDY PROGRAM 136 144734 COLLEGE FUNDED SCHOLARSHIPS 1954 17823969 PART I, LINE 2 THE COLLEGE AWARDS FEDERAL AND STATE GRANTS BASED UPON FINANCIAL NEED. COLLEGE FUNDED INSTITUTIONAL AND ENDOWED GRANTS/SCHOLARSHIPS ARE AWARDED BASED UPON FINANCIAL NEED AND ACADEMIC MERIT. THE COLLEGE MONITORS THESE GRANTS AND AWARDS BY SEMESTER TO VERIFY THAT RECIPIENTS ARE MAINTAINinG THE MINIMUM STANDARDS REQUIRED TO RECEIVE THE GRANT OR AWARD. X X X X X false false false false false false false false false brendan dugan President 357300 31410 16950 405660 TIMOTHY HOULIHAN provost 232135 26231 9031 267397 DR dennis anderson PROFESSOR OF BUSINESS MGMT 159481 14355 7798 181634 ALLEN BURDOWSKI ASSOCIATE DEAN 187465 18240 2082 207787 KEVIN O'ROURKE AVP FACILITIES & CAPITAL PROJ 157124 17821 23513 198458 DR GEOFFREY HORLICK PROFESSOR OF ACCOUNTING 162753 17710 24551 205014 GUY CARLSEN CHIEF INFORMATION OFFICER 162127 17735 5720 185582 JUNE MCGRISKEN EXECUTIVE VP 234003 26231 1749 261983 Glen braica head basketball coach 156386 15660 10019 182065 Thomas Flood VP of Development 198943 23243 20442 242628 LINDA WERBEL DASHEFSKY VP GOVERNMENT RELATIONS 155190 16676 25223 197089 A New York City Industrial Development Agency 132906040 64971C3H5 2004-11-01 335000 New Building Construction false true false B New York City Industrial Development Agency 132906040 64971C3E2 2004-11-01 310000 New Building Construction false true false C New York City Industrial Development Agency 132906040 64971C3F9 2004-11-01 320000 New Building Construction false true false D New York City Industrial Development Agency 132906040 64971C3G7 2004-11-01 325000 New Building Construction false true false A 0 0 335000 125944 0 0 209056 0 0 0 0 0 2006 false false true true B 0 0 305306 305306 0 0 0 0 0 0 0 0 2006 false false true true C 0 0 320000 320000 0 0 0 0 0 0 0 0 2006 false false true true D 0 0 325000 325000 0 0 0 0 0 0 0 0 2006 false false true true A false false false false 0 false false false true B false false false false 0 false false false true C false false false false 0 true D false false false false 0 false false false true A true false false 0 false 0 false false B true false false 0 false 0 false false C true false false 0 false 0 false false D true false false 0 false 0 false false A true B true C true D SCHEDULE K, PART III, LINE # 3A THE NYS IDA LISTED IS BROKEN UP INTO MULTIPLE SERIES ISSUES AND WAS USED TO FINANCE THE CONSTRUCTION OF A NEW ACADEMIC CENTER. THE COLLEGE ENTERED INTO A LEASE AGREEMENT WITH NEW YORK CITY FOR THE USE OF CERTAIN AREAS IN THE FACILITY. THE DASNY BOND LISTED IS BROKEN UP INTO MULTIPLE SERIES ISSUES AND IS CURRENTLY USED TO FINANCE CAPITAL IMPROVEMENTS THROUGHOUT THE CAMPUS. A Dormitory Authority of New York State 146000293 6499052R6 2010-08-17 270000 Capital Improvements false true false B New York City Industrial Development Agency 132906040 64971C3J6 2004-11-01 350000 New Building Construction false true false C New York City Industrial Development Agency 132906040 64971C3K8 2004-11-01 360000 New Building Construction false true false D New York City Industrial Development Agency 132906040 64971C3L6 2004-11-01 370000 New Building Construction false true false A 0 0 270306 0 0 0 270306 0 0 0 0 0 2014 false false true true B 0 0 350000 0 0 0 115550 0 0 234450 0 0 2006 false false true true C 0 0 360000 0 0 0 0 0 0 360000 0 0 2006 false false true true D 0 0 370000 0 0 0 0 0 0 370000 0 0 2006 false false true true A false false false false 0 false false false true B false false false false 0 false false false true C false false false false 0 false false false true D false false false false 0 false false false true A true false false 0 false 0 false false B true false false 0 false 0 false false C true false false 0 false 0 false false D true false false 0 false 0 false false A true B true C true D true A New York City Industrial Development Agency 132906040 64971C3M4 2004-11-01 385000 New Building Construction false true false B New York City Industrial Development Agency 132906040 64971C3N2 2004-11-01 400000 New Building Construction false true false C New York City Industrial Development Agency 132906040 64971C3P7 2004-11-01 415000 New Building Construction false true false D New York City Industrial Development Agency 132906040 64971C3Q5 2004-11-01 4710000 New Building Construction false true false A 0 0 385000 0 0 0 0 0 0 385000 0 0 2006 false false true true B 0 0 400000 0 0 0 0 0 0 400000 0 0 2006 false false true true C 0 0 415000 0 0 0 0 0 0 415000 0 0 2006 false false true true D 0 0 4710000 0 0 0 0 0 0 4710000 0 0 2006 false false true true A false false false false 0 false false false true B false false false false 0 false false false true C false false false false 0 false false false true D false false false false 0 false false false true A true false false 0 false 0 false false B true false false 0 false 0 false false C true false false 0 false 0 false false D true false false 0 false 0 false false A true B true C true D true A NEW YORK CITY INDUSTRIAL DEVELOPMENT AGENCY 132906040 64971C3R3 2004-11-01 8255000 NEW BUILDING CONSTRUCTION false true false B Dormitory Authority of New York State 146000293 6499052R6 2010-08-17 280000 Capital Improvements false true false C Dormitory Authority of New York State 146000293 6499052S4 2010-08-17 285000 Capital Improvements false true false D Dormitory Authority of New York State 146000293 6499052T2 2010-08-17 295000 Capital Improvements false true false A 0 0 8255000 0 0 0 0 0 0 8255000 0 0 2014 false false true true B 0 0 280000 0 0 0 230000 0 0 50000 0 0 2014 false false true true C 0 0 285000 0 0 0 0 0 0 285000 0 0 2014 false false true true D 0 0 295000 0 0 0 0 0 0 295000 0 0 2014 false false true true A false false false false 0 false false false true B false false false false 0 false false false true C false false false false 0 false false false true D false false false false 0 false false false true A true false false 0 false 0 false false B true false false 0 false 0 false false C true false false 0 false 0 false false D true false false 0 false 0 false false A true B true C true D true A Dormitory Authority of New York State 146000293 6499052U9 2010-08-17 310000 Capital Improvements false true false B Dormitory Authority of New York State 146000293 6499052V7 2010-08-17 320000 Capital Improvements false true false C Dormitory Authority of New York State 146000293 6499052W5 2010-08-17 335000 Capital Improvements false true false D Dormitory Authority of New York State 146000293 6499052X3 2010-08-17 350000 Capital Improvements false true false A 0 0 310000 0 0 0 0 0 0 310000 0 0 2014 false false true true B 0 0 320000 0 0 0 0 0 0 320000 0 0 2014 false false true true C 0 0 335000 0 0 0 0 0 0 335000 0 0 2014 false false true true D 0 0 350000 0 0 0 0 0 0 350000 0 0 2014 false false true true A false false false false 0 false false false true B false false false false 0 false false false true C false false false false 0 false false false true D false false false false 0 false false false true A true false false 0 false 0 false false B true false false 0 false 0 false false C true false false 0 false 0 false false D true false false 0 false 0 false false A true B true C true D true A Dormitory Authority of New York State 146000293 6499052Y1 2010-08-17 365000 Capital Improvements false true false B Dormitory Authority of New York State 146000293 6499052Z8 2010-08-17 380000 Capital Improvements false true false C Dormitory Authority of New York State 146000293 6499053A2 2010-08-17 395000 Capital Improvements false true false D Dormitory Authority of New York State 146000293 6499053B0 2010-08-17 410000 Capital Improvements false true false A 0 0 365000 0 0 0 0 0 0 365000 0 0 2014 false false true true B 0 0 380000 0 0 0 0 0 0 380000 0 0 2014 false false true true C 0 0 395000 0 0 0 0 0 0 395000 0 0 2014 false false true true D 0 0 410000 0 0 0 0 0 0 410000 0 0 2014 false false true true A false false false false 0 false false false true B false false false false 0 false false false true C false false false false 0 false false false true D false false false false 0 false false false true A true false false 0 false 0 false false B true false false 0 false 0 false false C true false false 0 false 0 false false D true false false 0 false 0 false false A true B true C true D true A Dormitory Authority of New York State 146000293 6499053C8 2010-08-17 430000 Capital Improvements false true false B Dormitory Authority of New York State 146000293 6499053D6 2010-08-17 455000 Capital Improvements false true false C Dormitory Authority of New York State 146000293 6499053E4 2010-08-17 475000 Capital Improvements false true false D Dormitory Authority of New York State 146000293 6499053G9 2010-08-17 4055000 Capital Improvements false true false A 0 0 430000 0 0 0 0 0 0 430000 0 0 2014 false false true true B 0 0 455000 0 0 0 0 0 0 455000 0 0 2014 false false true true C 0 0 475000 0 0 0 0 0 0 475000 0 0 2014 false false true true D 0 0 4055000 0 0 0 0 0 0 4055000 0 0 2014 false false true true A false false false false 0 false false false true B false false false false 0 false false false true C false false false false 0 false false false true D false false false false 0 false false false true A true false false 0 false 0 false false B true false false 0 false 0 false false C true false false 0 false 0 false false D true false false 0 false 0 false false A true B true C true D true A Dormitory Authority of New York State 146000293 6499053f1 2010-08-17 15590000 CAPITAL IMPROVEMENTS false true false A 0 0 15590000 0 0 0 0 0 0 15590000 0 0 2014 false false true true A false false false false 0 false false false true A true false false 0 false 0 false false A true X 13 594218 FMV false false false Form 990, Part VI, Line 11 Form 990 Review process The form 990 is prepared and reviewed internally by the finance department and forwarded to an independent accounting firm for external review. Once the review process is complete, the full 990 is provided to the audit committee for review and approval. Upon approval, a copy of the full 990 is provided to all board members prior to filing. Form 990, Part VI, Section B, Line 12C Conflict of interest policy enforcement and monitoring The conflict of interest policy is distributed to all faculty, staff, and administration every year. Certain employees are required to sign the questionnaire and disclose any conflicts. All members of the board of trustees are required to review the policy and sign and complete a questionnaire on an annual basis, disclosing potential conflicts. The executive committee of the board monitors and enforces compliance. Form 990, Part VI, Section B, Line 15A & 15B process for determining compensation The college engaged an independent consultant to review and compare the compensation of top management to similar institutions in a compensation study. A compensation survey was performed regarding compensation of other officers. Compensation decisions and reports are contemporaneously documented in the board minutes when the decisions are made. Form 990, Part VI, Section C, Line 19 Public disclosure of documents The audited financial statements and conflict of interest policy are available on the College's website at www.sfc.edu. Governing documents will be made available upon request. Form 990, Part VI, Section A, Line 2 relationship disclosure William Dawson and Mary Beth Dawson - Family Relationship