2015-04-14T17:18:06-05:00 2014-05-31 141555429 UHY ADVISORS NY INC 66 SOUTH PEARL STREET SUITE 400 ALBANY NY 12207 990 2013-06-01 141338562 SKIDMORE COLLEGE SKID 5185805000 815 NORTH BROADWAY SARATOGA SPRINGS NY 12866 KYLE M BERNARD CPA DIRECTOR OF FINANCIAL SERVICES 5185805820 2015-04-13 1 XIAOQIANG ZHANG P01577994 5184493166 2013 2016-03-07 17:11:31Z PHILIP A GLOTZBACH 815 NORTH BROADWAY SARATOGA SPRINGS NY 12866 213756654 0 X WWW.SKIDMORE.EDU X 1903 NY HIGHER EDUCATION 30 29 3292 3631 1192052 0 16753886 28031315 152229043 158669008 15523615 25718622 309911 1211911 184816455 213630856 37283125 41002215 0 0 78943899 97889589 0 0 5564668 56249044 59916186 172476068 198807990 12340387 14822866 637686235 676637770 171909729 178433564 465776506 498204206 X THE EDUCATION OF PREDOMINANTLY FULL-TIME UNDERGRADUATES, A DIVERSE POPULATION OF TALENTED STUDENTS WHO ARE EAGER TO ENGAGE ACTIVELY IN THE LEARNING PROCESS. THE COLLEGE SEEKS TO PREPARE LIBERALLY EDUCATED GRADUATES TO CONTINUE THEIR QUEST FOR KNOWLEDGE AND TO MAKE THE CHOICES REQUIRED OF INFORMED, RESPONSIBLE CITIZENS. SKIDMORE FACULTY AND STAFF CREATE A CHALLENGING YET SUPPORTIVE ENVIRONMENT THAT CULTIVATES STUDENTS' INTELLECTUAL AND PERSONAL EXCELLENCE, ENCOURAGING THEM TO EXPAND THEIR EXPECTATIONS OF THEMSELVES WHILE THEY ENRICH THEIR ACADEMIC UNDERSTANDING. 0 0 46732196 124993896 INSTRUCTION AND RESEARCH: INCLUDES ALL EXPENSES FOR ALL ACTIVITIES THAT ARE A PART OF THE COLLEGE'S INSTRUCTIONAL PROGRAM. THE COLLEGE PROVIDES LIBERAL ARTS EDUCATION TO APPROXIMATELY 2650 STUDENTS AND MAINTAINS A STUDENT TO FACULTY RATIO OF APPROXIMATELY 9:1. 40908490 40908490 22443 STUDENT AID: INCLUDES EXPENSES FOR SCHOLARSHIPS IN THE FORM OF GRANTS TO STUDENTS, RESULTING FROM SELECTION BY THE INSTITUTION FROM A NEEDS-BASED PROGRAM. CURRENTLY, APPROXIMATELY 49% OF SKIDMORE STUDENTS ARE RECEIVING SCHOLARSHIPS, GRANTS, LOANS, AND/OR WORK AWARDS WHICH ARE OFFERED SINGLY OR IN VARIOUS COMBINATIONS. 23224088 INSTITUTIONAL SUPPORT: INCLUDES EXPENSES FOR CENTRAL ADMINISTRATIVE LEVEL ACTIVITIES CONCERNED WITH MANAGEMENT OF THE ENTIRE INSTITUTION. ORGANIZATIONAL UNITS INCLUDE FISCAL OPERATIONS, PLANNING AND BUDGETING, HUMAN RESOURCES, PURCHASING, CAMPUS SAFETY, INFORMATION TECHNOLOGY, ETC. 51617275 93725 30577363 HIGHER EDUCATION: OTHER: INCLUDES STUDENT SERVICES, ACADEMIC SUPPORT AND OTHER AUXILIARY ENTERPRISES. STUDENT SERVICES INCLUDES EXPENSES FOR ORGANIZATIONAL UNITS THAT PROVIDE SUPPORT TO STUDENTS. THESE UNITS INCLUDE HEALTH SERVICES, COUNSELING CENTER, ATHLETICS, INTERFAITH PROGRAMS, ETC. ACADEMIC SUPPORT INCLUDES ALL EXPENSES FOR ALL ACTIVITIES THAT ARE PART OF THE COLLEGE'S ACADEMIC MISSION. AUXILIARY ENTERPRISES INCLUDES EXPENSES FOR ORGANIZATIONAL UNITS THAT EXIST TO FURNISH GOODS OR SERVICES TO STUDENTS, FACULTY AND STAFF, AND THAT CHARGE A FEE DIRECTLY RELATED TO THE COST OF THE GOODS OR SERVICES. FACILITIES INCLUDE ELEVEN DORMS AND APARTMENT COMPLEXES PROVIDING HOUSING TO APPROXIMATELY 2150 STUDENTS, TWO DINING HALLS, A BOOKSTORE, SNACK BAR, CHILD CENTER, AND TELEPHONE SERVICES. 51617275 93725 30577363 162482049 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 1 1 0 1 1 1 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 0 0 0 0 1 569 0 1 3292 1 1 1 1 FR 0 0 0 1 1 0 0 0 0 X 30 29 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X SKIDMORE COLLEGE FINANCIAL SERVICES 5185805820 815 NORTH BROADWAY SARATOGA SPRINGS NY 12866 X PHILIP A GLOTZBACH PRESIDENT 35.00 X X 429310 0 103181 JONATHAN ACHENBAUM TRUSTEE 3.00 X 0 0 0 HARRY ALVERSON TRUSTEE 3.00 X 0 0 0 SUSAN BECKERMAN TRUSTEE 3.00 X 0 0 0 ROSEMARY BOURNE TRUSTEE 3.00 X 0 0 0 JONATHAN BRESTOFF PARKER TRUSTEE 3.00 X 0 0 0 CHARLES BUCHANAN TRUSTEE 3.00 X 0 0 0 DAVID CASTLE TRUSTEE 3.00 X 0 0 0 GAIL DUDACK TRUSTEE 3.00 X 0 0 0 TERRY FULMER TRUSTEE 3.00 X 0 0 0 NANCY HAMILTON TRUSTEE 3.00 X 0 0 0 ANDREW HUGHES TRUSTEE 3.00 X 0 0 0 JOHN HUMPHREY TRUSTEE 3.00 X 0 0 0 MAXINE ISAACS TRUSTEE 3.00 X 0 0 0 LINDA JACKSON-CHALMERS TRUSTEE 3.00 X 0 0 0 BILL LADD TRUSTEE 3.00 X 0 0 0 RICH LAXER TRUSTEE 3.00 X 0 0 0 MARIA MARKOWITZ TRUSTEE 3.00 X 0 0 0 DAVID MARKS TRUSTEE 3.00 X 0 0 0 SCOTT MARTIN TRUSTEE 3.00 X 0 0 0 ELLIOTT MASIE TRUSTEE 3.00 X 0 0 0 SCOTT MCGRAW TRUSTEE 3.00 X 0 0 0 ANTONIO MOJICA TRUSTEE 3.00 X 0 0 0 BARBARA KAHN MOLLER TRUSTEE 3.00 X 0 0 0 JOHN MORRIS TRUSTEE 3.00 X 0 0 0 SUE THOMAS TRUSTEE 3.00 X 0 0 0 WILMA STEIN TISCH TRUSTEE 3.00 X 0 0 0 LINDA TOOHEY CHAIR 10.00 X 0 0 0 JULIANNE CARTWRIGHT TRAYLOR TRUSTEE 3.00 X 0 0 0 ROBERT WEISBUCH TRUSTEE 3.00 X 0 0 0 MICHAEL WEST VP FIN/ADMIN, TREASURER 35.00 X 252122 0 35332 MICHAEL CASEY VICE PRESIDENT ADVANCEMENT 35.00 X 240647 0 26488 WILLIAM BRESLIN VICE PRESIDENT/DEAN OF FACULTY 35.00 X 201264 0 41059 MARY LOU BATES VP/DEAN OF ADMISSIONS 35.00 X 165842 0 33267 ROCHELLE CALHOUN VP/DEAN OF STUDENTS 35.00 X 155387 0 38279 ROBERT BOYERS PROFESSOR & EDITOR 35.00 X 160708 0 16300 BARBARA BECK DIRECTOR OF HR/ASSOC VP 35.00 X 152550 0 37799 PATRICIA FEHLING PROFESSOR 35.00 X 152481 0 19595 PATRICIA RUBIO ASSOC. DEAN PERSONNEL & DIVERSITY 35.00 X 149512 0 23741 PAUL CALHOUN DEAN OF SPECIAL PROGRAMS 35.00 X 146828 0 31792 SUSAN KRESS FORMER VP 35.00 X 157862 0 16541 DENISE SMITH PROFESSOR 35.00 X 143391 0 20105 THOMAS OLES ASSOCIATE PROFESSOR 35.00 X 132307 0 22023 JEFFREY SEGRAVE FORMER DEAN OF SPECIAL PROGRAMS 35.00 X 116100 0 34119 2756311 0 499621 80 1 1 0 MLB CONSTRUCTION SERVICES LLC 1 STONEBROOK RD BALLSTON SPA NY 12020 CONSTRUCTION SERVICES 9451753 WJ MORRIS EXCAVATING INC 210 OLD GICK RD SARATOGA SPRINGS NY 12866 EXCAVATING SERVICES 3001468 SODEXHO OPERATIONS LLC PO BOX 360170 PITTSBURGH PA 15251 PROJECT MANAGEMENT 1655322 INSTITUTE FOR THE INT'L EDUCATION OF STU 33 N LASALLE ST CHICAGO IL 60602 EDUCATION SERVICES 1277961 PAYETTE ASSOCIATES INC 290 CONGRESS ST BOSTON MA 02110 ARTHCITECTURAL SERVICES 958683 20 48090 2382889 25600336 3707719 28031315 TUITION & FEES 721310 124993896 124993896 AUXILIARY ENTERPRISES 721310 31924862 28952295 43412 2929155 OTHER SOURCES 721310 1721639 1618900 102739 STUDENT LOANS INTEREST 721310 22443 22443 INVESTMENT INCOME 721310 6168 6168 158669008 1730104 1730104 7799 7799 23980719 0 23980719 23980719 23980719 189069 48090 125798 63271 63271 PASS-THROUGH ENTITIES 900099 1148640 1148640 1148640 213630856 155593702 1192052 28813787 93725 93725 40908490 40908490 1503315 551396 708789 243130 58886138 46499399 9829944 2556795 5564885 4364512 947493 252880 27624365 19428981 7377493 817891 4310886 3356444 770856 183586 265278 58509 206769 103000 1335 101665 7521473 5367404 1632437 521632 3323810 647212 2676598 2849199 2149787 283817 415595 584060 578706 5354 3414131 3414131 14384484 14384484 826417 113138 713279 EQUIPMENT RENTAL 6794937 3511226 3270674 13037 COST OF GOODS SOLD 4745144 4745144 SUPPLIES 2035279 1692652 318213 24414 RECRUITING 1528481 1070473 315372 142636 11540493 9544901 1602520 393072 198807990 162482049 30761273 5564668 62051 679636 21906290 17019201 15626238 18495062 2272748 2406087 616 2069705 1989197 816284 754259 4334729 3890671 425867161 198512101 220065415 227355060 370356492 403921807 175667 126790 637686235 676637770 86041755 96382424 9004346 9094096 74362112 70615532 2501516 2341512 171909729 178433564 X 264215852 269073351 87839631 110574007 113721023 118556848 465776506 498204206 637686235 676637770 X 14822866 17737696 -132862 X 0 1 X 1 1 1 X 24167455 18849661 20734165 16753886 28031315 108536482 24167455 18849661 20734165 16753886 28031315 108536482 15379470 93157012 2330422 3153320 2303531 1989739 1737903 11514915 319299 1222259 1541558 121592955 738539788 0.76610 0.78330 X PARTS I AND II / PUBLIC CHARITY STATUS AND SUPPORT SCHEDULE SKIDMORE COLLEGE QUALIFIES 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 314782 6049664 X X X 0 303091820 5168391 38551770 5018636 11199622 330593723 280775364 4954607 32733508 4770319 10601340 303091820 301363109 4958428 -10715768 4696616 10133789 280775364 272994940 9194244 33351900 4583681 9594294 301363109 240571873 11621589 34537147 4351813 9383856 272994940 0.41640 0.34750 0.23610 1 0 2697836 2697836 305189377 117702433 187486944 84772293 58571635 26200658 33207655 22238033 10969622 227355060 COMMON STOCKS 64613000 F INVESTMENTS UNDER SPLIT INTEREST AGREEMENTS 7002198 F CASH & CASH EQUIVALENTS 6945255 F CLOSELY HELD STOCKS 10653671 F EQUITY LONG/SHORT INVESTMENT FUNDS 136780208 F FIXED INCOME MUTUAL FUNDS 24548333 F FIXED INCOME COMMINGLED INVESTMENT FUNDS 26010770 F ABSOLUTE RETURN FUNDS 79387063 F PRIVATE EQUITY CAPITAL FUND 30951119 F PRIVATE EQUITY REAL ESTATE FUNDS 16905190 F REAL ESTATE TRUST 125000 F 403921807 REFUNDABLE GOVERNMENT LOAN FUNDS 1918541 ASSET RETIREMENT OBLIGATION 422971 2341512 X 231235690 17737696 427474 18165170 213070520 560336 560336 213630856 198807990 0 198807990 0 198807990 PART III, LINE 4: SKIDMORE COLLEGE HOLDS A CULTURALLY AND HISTORICALLY DIVERSE COLLECTION OF OVER 4,500 ARTWORKS AND ETHNOGRAPHIC OBJECTS THAT SERVE PRIMARILY AS A LEARNING RESOURCE FOR FACULTY AND STUDENTS. PART V, LINE 4: ENDOWMENT FUNDS ARE INTENDED TO BE USED TO SUPPORT THE ACTIVITIES AND MISSION OF THE COLLEGE. PART X, LINE 2: TEXT OF FIN 48 (ASC 740) FOOTNOTE FROM THE FINANCIAL STATEMENTS: THE PRIMARY INCOME TAX POSITION TAKEN BY THE COLLEGE FOR ANY YEARS OPEN UNDER THE VARIOUS STATUTES OF LIMITATIONS IS THAT THE COLLEGE CONTINUES TO BE EXEMPT FROM INCOME TAXES EXCEPT FOR UNRELATED BUSINESS INCOME. THE COLLEGE BELIEVES THAT THERE ARE NO UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. NONE OF THE COLLEGE'S RETURNS ARE CURRENTLY UNDER EXAMINATION BY THE INTERNAL REVENUE SERVICE ("IRS") OR STATE AUTHORITIES. HOWEVER, THE COLLEGE'S FEDERAL EXEMPT ORGANIZATION BUSINESS INCOME TAX RETURNS (FORM 990T) FOR FISCAL YEARS 2011 AND LATER ARE SUBJECT TO EXAMINATION BY THE IRS, GENERALLY FOR THREE YEARS AFTER THEY WERE FILED. PART XI, LINE 2D - OTHER ADJUSTMENTS: OTHER INCOME 840. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 426,634. PART XI, LINE 4B - OTHER ADJUSTMENTS: AMORTIZATION OF DEBT ISSUANCE COSTS NETTED IN OTHER REVENUE IN FS 560,336. 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 RACIALLY NONDISCRIMINATORY POLICY IS PUBLICIZED ON THE INTERNET AND IN THE PRINTED COLLEGE CATALOGUE IN ORDER TO BEST MAKE KNOWN TO THE GENERAL COMMUNITY AS WELL AS TO PROSPECTIVE STUDENTS. DUE TO THE LARGE GEOGRAPHIC AREA OF RECRUITING FOR THE COLLEGE USING THE INTERNET FOR BROADCAST MEDIA WAS DETERMINED TO BE THE MOST EFFECTIVE BROADCAST MEDIA OUTLET. SCHEDULE E, PART I, LINE 6 FINANCIAL AID AND ASSISTANCE FROM GOVERNMENTAL AGENCIES INCLUDE PELL GRANT, SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANT, COLLEGE WORK STUDY PROGRAM, FEDERAL DIRECT STUDENT LOANS, PERKINS LOANS AS WELL AS OTHER ASSISTANCE THAT IS USED IN FULFILLING THE MISSION OF THE COLLEGE. EUROPE 1 15 PROGRAM SERVICE EDUCATIONAL SERVICES 1040408 1 15 0 0 1 15 1040408 0 1040408 1 0 0 0 0 0 FOSA GOLF TOURNAMENT 35098 8415 26683 26800 POLO FUNDRAISER 202061 39675 162386 98998 237159 48090 189069 125798 125798 63271 1 SARATOGA HOSPITAL 211 CHURCH ST SARATOGA SPRINGS NY 12866 141338547 501(C)(3) 16667 PLEDGE CONTRIBUTION SARATOGA ARTS FESTIVAL C/O SKIDMORE PO BOX 451 SARATOGA SPRINGS NY 12866 412247391 501(C)(3) 77058 PLEDGE CONTRIBUTION 2 SCHOLARSHIPS AND PRIZES 1172 40908490 0 SCHEDULE I, PART I, LINE 2 PROCEDURES FOR MONITORING USE OF GRANT FUNDS: SCHOLARSHIPS AND PRIZES ARE AWARDED BASED ON NEED AND MONITORED ANNUALLY BASED ON STUDENTS' ACADEMIC PROFILES AND GUIDELINES AS PROVIDED TO STUDENTS. THESE GUIDELINES ARE ALSO AVAILABLE TO STUDENTS ON THE SKIDMORE COLLEGE WEBSITE. X X 1 1 X X X X 0 0 0 0 0 0 0 0 0 PHILIP A GLOTZBACH PRESIDENT 429310 0 0 0 0 0 28050 0 75131 0 532491 0 0 0 MICHAEL WEST VP FIN/ADMIN, TREASURER 252122 0 0 0 0 0 27898 0 7434 0 287454 0 0 0 MICHAEL CASEY VICE PRESIDENT ADVANCEMENT 240647 0 0 0 0 0 26182 0 306 0 267135 0 0 0 WILLIAM BRESLIN VICE PRESIDENT/DEAN OF FACULTY 201264 0 0 0 0 0 20796 0 20263 0 242323 0 0 0 MARY LOU BATES VP/DEAN OF ADMISSIONS 165842 0 0 0 0 0 18523 0 14744 0 199109 0 0 0 ROCHELLE CALHOUN VP/DEAN OF STUDENTS 155387 0 0 0 0 0 18016 0 20263 0 193666 0 0 0 ROBERT BOYERS PROFESSOR & EDITOR 160708 0 0 0 0 0 15994 0 306 0 177008 0 0 0 BARBARA BECK DIRECTOR OF HR/ASSOC VP 152550 0 0 0 0 0 17536 0 20263 0 190349 0 0 0 PATRICIA FEHLING PROFESSOR 152481 0 0 0 0 0 12161 0 7434 0 172076 0 0 0 PATRICIA RUBIO ASSOC. DEAN PERSONNEL & DIVERSITY 149512 0 0 0 0 0 16307 0 7434 0 173253 0 0 0 PAUL CALHOUN DEAN OF SPECIAL PROGRAMS 146828 0 0 0 0 0 16661 0 15131 0 178620 0 0 0 SUSAN KRESS FORMER VP 157862 0 0 0 0 0 12671 0 3870 0 174403 0 0 0 DENISE SMITH PROFESSOR 143391 0 0 0 0 0 12671 0 7434 0 163496 0 0 0 THOMAS OLES ASSOCIATE PROFESSOR 132307 0 0 0 0 0 14589 0 7434 0 154330 0 0 0 JEFFREY SEGRAVE FORMER DEAN OF SPECIAL PROGRAMS 116100 0 0 0 0 0 13856 0 20263 0 150219 0 0 0 PART I, LINE 1A THE COLLEGE PROVIDES PRESIDENT GLOTZBACH WITH A CAMPUS HOUSE AND REQUIRES ITS USE AS A CONDITION OF EMPLOYMENT FOR THE BENEFIT OF THE COLLEGE. THE TOTAL ANNUAL ESTIMATED VALUE IS INCLUDED IN NON-TAXABLE BENEFITS IN FORM 990, PART VII, LINE 1A AND SCHEDULE J, PART II. A DORMITORY AUTHORITY OF THE STATE OF NEW YORK 146000293 64983TMS9 2004-04-29 32717482 STUDENT DORMITORIES 0 0 0 B SARATOGA COUNTY CAPITAL RESOURCE CORPORATION 461520521 803481BD1 2014-04-29 12490813 REFUND OF PRIOR ISSUE 0 0 0 C DORMITORY AUTHORITY OF THE STATE OF NEW YORK 146000293 649906CC6 2011-02-04 32363454 REFUND OF PRIOR ISSUE & STUDENT DORMITORIES 0 0 0 A 32717482 1168415 31549067 2006 0 0 1 1 B 12490813 127779 12363034 2014 1 0 1 1 C 32363454 644308 8960402 753358 22039944 8960402 2013 1 0 1 1 A 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 C 0 0 0 0 0 0 0 A 0 0 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 0 0 C 0 0 0 0 0 0 0 0 0 A 0 B 0 C 0 ADIRONDACK TRUST CO PRES. GLOTZBACH RECEIVED FEES OF $29,908 AS A BOARD MEMBER OF THE TRUST CO. 326284 THE COLLEGE RECEIVED INTEREST/DIVIDENDS OF $326,284 FOR EQUITY INTEREST IN ADIRONDACK TRUST CO. AND OTHER AMOUNTS HELD WITH ADIRONDACK TRUST CO. 0 SARATOGA HOSPITAL VICE PRESIDENT MICHAEL WEST SERVED AS A BOARD MEMBER OF THE HOSPITAL 35357 THE COLLEGE PAID A PLEDGE OF $16,667 TO THE SARATOGA HOSPITAL FOUNDATION. THE REMAINING AMOUNT WAS PAID TO THE HOSPITAL FOR VARIOUS FEES/EXPENSES. 0 SARATOGA ARTS FESTIVAL VP ADVANCEMENT M CASEY & DEAN SPEC PROG P CALHOUN BOARD MEMBERS OF FESTIVAL 77058 COLLEGE MADE A PLEDGED DONATION OF $77,058 TO THE FESTIVAL. 0 X 47 314782 EXPERT OPINION X 109 2773243 FAIR VALUE X HORSES 9 545500 EXPERT OPINION 19 0 1 0 FORM 990, PART VI, SECTION B, LINE 11 FORM 990 REVIEW PROCESS: THE DRAFT RETURN (FORM 990) WAS REVIEWED BY THE AUDIT COMMITTEE PRIOR TO FILING. COPIES OF THE FINAL RETURN WERE ALSO PROVIDED TO ALL MEMBERS OF THE BOARD OF TRUSTEES PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST PROCEDURES: KEY EMPLOYEES ARE REQUIRED TO COMPLETE A FORM AND DISCLOSE ANY CONFLICTS. ALL DISCLOSURES ARE REVIEWED AND ABATED BY REMOVING THE EMPLOYEE FROM THE SITUATION TO ENSURE THAT AN ARM'S LENGTH TRANSACTION TAKES PLACE. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION PROCEDURES: PROCESS FOR DETERMINING COMPENSATION: THE COLLEGE BOARD OF TRUSTEES HAS DELEGATED THE IMPLEMENTATION OF PRACTICES AS IT RELATES TO EXECUTIVE COMPENSATION TO THE COMPENSATION COMMITTEE. ON AN ANNUAL BASIS, THE VICE PRESIDENT FOR FINANCE AND ADMINISTRATION PREPARES SALARY AND PEER DATA COLLECTED THROUGH H.R., SURVEYS, ETC. FOR BOTH THE PRESIDENT AND OTHER OFFICERS. THE PRESIDENT OF THE COLLEGE MAKES A RECOMMENDATION TO THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES FOR OFFICERS OF THE COLLEGE BASED ON THE RELEVANT DATA, MARKET ANALYSIS, PEER DATA, ETC. THE COMPENSATION COMMITTEE IS PROVIDED LEEWAY TO DEVIATE FROM THE RECOMMENDATION WHERE OTHER CONSIDERATIONS ARE RELEVANT AND APPROVES THE OFFICER SALARIES. ON AN ANNUAL BASIS, THE COMPENSATION COMMITTEE REVIEWS THE PERFORMANCE, AS WELL AS THE SALARY AND PEER DATA COLLECTED THROUGH H.R., SURVEYS, ETC. AS IT RELATES TO THE PRESIDENT OF THE COLLEGE AND WILL APPROVE ANY ADJUSTMENTS TO THE PRESIDENT'S SALARY. FORM 990, PART VI, SECTION C, LINE 19 PUBLIC ACCESS TO DOCUMENTS: FINANCIAL STATEMENT DATA IS INCLUDED IN THE ANNUAL INFORMATION RETURN (FORM 990) AND THE INFORMATION IS MADE PUBLIC. POLICIES CAN BE FOUND ON THE COLLEGE'S WEBSITE. THE COLLEGE'S CHARTER IS FILED WITH NEW YORK STATE. FORM 990, PART VIII, LINE 2 AUXILIARY ENTERPRISES UNRELATED BUSINESS REVENUES: SKIDMORE COLLEGE HAS HAD LONG TERM RELATIONSHIPS WITH MANY CULTURAL INSTITUTIONS THAT BRING THEIR ACTIVITIES TO SARATOGA SPRINGS DURING THE SUMMER. THESE INSTITUTIONS INCLUDE DANCE COMPANIES, ORCHESTRAS, BALLET COMPANIES, AND OTHER ARTIST GROUPS. THESE ACTIVITIES ENRICH THE CULTURAL LIFE AT SKIDMORE AND THE COMMUNITY AND ARE A SIGNIFICANT PART OF THE EDUCATIONAL EXPERIENCE AT SKIDMORE. THE COLLEGE DERIVES REVENUE FROM MAKING ITS FACILITIES AVAILABLE TO THE VISITING ARTISTS AND THEIR STAFF. THE EXPENSES AND DEDUCTIONS ASSOCIATED WITH THESE REVENUES HAVE ALWAYS SIGNIFICANTLY EXCEEDED THE REVENUES. THESE ACTIVITIES ARE NOT REPORTED AS UNRELATED BUSINESS INCOME SINCE THEY CONTRIBUTE IMPORTANTLY TO THE EDUCATIONAL MISSION OF THE COLLEGE. DURING THE CURRENT REPORTING PERIOD REVENUES IN THIS CATEGORY (COMPRISED OF ROOM AND BOARD CHARGES AND FEES) AMOUNTED TO $1,386,778. THE COLLEGE ALSO DERIVES SMALL AMOUNTS OF REVENUE FROM SOME UNRELATED ACTIVITIES CARRIED ON AS PART OF THE LARGER EXEMPT FUNCTION ACTIVITIES. THESE REVENUES COVER PART OF THE COLLEGE'S FIXED AND VARIABLE COSTS ASSOCIATED WITH THESE ACTIVITIES BUT THE EXPENSES AND COSTS PROPERLY ALLOCABLE TO THESE ACTIVITIES HAVE ALWAYS BEEN IN EXCESS OF THE REVENUES. REVENUES IN THIS CATEGORY IN THE CURRENT REPORTING PERIOD INCLUDE $74,867 FROM RENTAL OF EXCESS CAPACITY IN THE STABLES, $1,745 FROM THE SURREY WILLIAMSON INN AT SKIDMORE, AND $61,679 FROM TANG MUSEUM SHOP AT SKIDMORE. THE NET LOSSES FROM THESE ACTIVITIES HAVE NOT BEEN REPORTED AS UNRELATED BUSINESS INCOME. FORM 990, PART XI, LINE 9: ANNUITY AND LIFE INCOME NPV ADJUSTMENT 840. AMORTIZATION OF DEBT ISSUANCE COSTS NETTED IN F/S -560,336. CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS 426,634. SKIDMORE EN FRANCE 94 BOULEVARD SEBASTOPOL PARIS FR 7500 981235361 SUPPORT FOR SKIDMORE PROGRAMS IN FRANCE FR 0 65944