2015-02-12T15:27:11-07:00 2014-06-30 990 2013-07-01 150532239 St Lawrence University STLA 3152295563 23 Romoda Drive Canton NY 13617 Joseph Manory Vice President for Finance 3152295897 2015-02-13 2013 2016-02-25 16:41:14Z Joseph Manory 23 Romoda Drive Canton NY 13617 196467479 0 X www.stlawu.edu X 1856 NY The mission of St. Lawrence is to provide an inspiring and demanding undergraduate education in liberal arts to students selected for their seriousness of purpose and intellectual promise 38 36 2636 525 4570945 207414 12242748 14025582 139266746 146116371 7297344 6455653 1359131 1286886 160165969 167884492 53691393 58183156 0 0 60358150 62569198 174000 348000 4891628 49587825 51335423 163811368 172435777 -3645399 -4551285 457537198 493989883 143207934 142743082 314329264 351246801 The mission of St. Lawrence University is to provide an inspiring and demanding undergraduate education in liberal arts to students selected for their seriousness of purpose and intellectual promise. 0 0 151677233 58183156 142675870 St. Lawrence University is a four year, private, liberal arts higher education institution located in Canton, NY. The total program expenses are directed to the student body of approximately 2,400 for the purpose of preparing them to be critical and creative thinkers, to find a compass for their lives and careers, and to pursue knowledge and understanding for the benefit of themselves, humanity, and the planet. 0 0 0 151677233 1 1 0 0 0 1 0 1 0 1 1 1 0 0 1 1 0 1 1 1 1 0 1 1 0 0 0 0 1 1 1 0 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 0 0 0 1 3 0 1 2636 1 1 1 1 FR KE SP UK 0 0 0 1 1 0 0 0 0 0 0 0 X 38 36 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY X Joseph Manory 3152295897 23 Romoda Drive Canton NY 13617 William Fox President 40 0 X X 359610 0 107029 Jeffery Boyd Chairman 2 0 X X 0 0 0 Barry Phelps Vice Chair 2 0 X X 0 0 0 Karen Bruett Trustee 2 0 X 0 0 0 Jo Ann Campbell Trustee 2 0 X 0 0 0 Johnathon Cardinal Trustee 2 0 X 0 0 0 Michael Clark Trustee 2 0 X 0 0 0 George Cochran Trustee 2 0 X 0 0 0 Joan Corey Trustee 2 0 X 0 0 0 Andre Couture Trustee 2 0 X 0 0 0 William Crombie Trustee 2 0 X 0 0 0 Jennifer Reichert Trustee 2 0 X 0 0 0 Gregory Ferrero Trustee 2 0 X 0 0 0 Sharee Freeman Trustee 2 0 X 0 0 0 Cheryl Grandfield Trustee 2 0 X 0 0 0 Samantha Guerry Trustee 2 0 X 0 0 0 Eric Hanson Trustee 2 0 X 0 0 0 Zhihong Huang Trustee 2 0 X 0 0 0 Peter Hunt Trustee 2 0 X 0 0 0 Jay Ireland Trustee 2 0 X 0 0 0 Sarah Johnson Trustee 2 0 X 0 0 0 R Sheldon Johnson Trustee 2 0 X 0 0 0 Charles Kellogg Trustee 2 0 X 0 0 0 David MacAllaster Trustee 2 0 X 0 0 0 Katy MacKay Trustee 2 0 X 0 0 0 Patrick Martin Trustee 2 0 X 0 0 0 Heather McCauley Trustee 2 0 X 0 0 0 S Georgia Nugent Trustee 2 0 X 0 0 0 David Officer Trustee 2 0 X 0 0 0 Amanda Pearson Trustee 2 0 X 0 0 0 Derrick Pitts Trustee 2 0 X 0 0 0 Michael Ranger Trustee 2 0 X 0 0 0 Tzveta Raynova Trustee 2 0 X 0 0 0 Thomas Saddlemire Trustee 2 0 X 0 0 0 Marion Roach Smith Trustee 2 0 X 0 0 0 Elinor Tatum Trustee 2 0 X 0 0 0 James Tyler Trustee 2 0 X 0 0 0 Donna Winston Trustee 2 0 X 0 0 0 Kathryn Mullaney Treasurer, retired 3/14 40 0 X 181619 0 27082 Lisa Cania Secretary 40 0 X 162808 0 25288 Joseph Manory Treasurer, appointed 3/14 40 X 0 0 0 Laura Ellis Senior Advisor 40 0 X 225528 0 24652 Val Lehr VP Academic Affairs 40 0 X 193513 0 27459 Justin Sipher VP Information Tech 40 0 X 182581 0 33185 Jeff Rickey VP Admissions 40 0 X 165985 0 54285 Joe Tolliver VP Student Affairs 40 0 X 163470 0 50387 Thomas Evelyn VP Univ Comm 40 0 X 153510 0 31873 Tom Pynchon VP Advancement 40 0 X 159364 0 62919 Margaret Strait Athletics Director 40 0 X 155275 0 31918 David Hornung Faculty 40 0 X 156166 0 22599 Greg Carvel Hockey Coach 40 0 X 146676 0 31178 Carol Gable Assoc VP Finance 40 0 X 134461 0 51657 2540566 0 581511 58 0 1 0 Cambridge Associates LLC 100 summer St Boston MA 02110 investment management 519773 Copeland Coating Inc 3600 US Rt 20 Nassau NY 12123 architect services 396100 Community Counseling Service Co 461 Fifrth Ave New York NY 10018 fundraising consulting 348000 McKinney MacDonald Architects 11 British American Blvd Latham NY 12110 architect services 213801 Bond Schoeneck & King One Lincoln Center Syracuse NY 13202 legal services 177541 9 0 0 0 0 1794911 12230671 0 14025582 Tuition 611310 112744156 112744156 0 0 Campus Housing 721000 14111661 14111661 0 0 Food service 722210 11974058 11974058 0 0 Hotel 721110 3798131 242494 3555637 0 Other 611710 3135264 2858917 276347 0 353101 648 352453 0 146116371 4063996 0 15874 4048122 0 0 0 0 0 0 0 0 0 0 29112963 0 26721306 0 2391657 0 2391657 0 145286 2246371 0 3141567 1861681 1279886 1061538 218348 0 Advertising 900099 7000 0 7000 0 0 0 0 0 7000 167884492 142993472 4570945 6294493 0 58183156 58183156 3152724 1467000 1198797 486927 44425505 38687316 4106999 1631190 3829405 3271121 378765 179519 7799800 6549767 869028 381005 3361764 2883160 324707 153897 0 189912 189912 131181 1795 129386 348000 348000 2505380 2505380 3731463 2529069 1144755 57639 397327 349863 46736 728 6660438 6096233 363848 200357 1456254 762751 691608 1895 7148077 6354690 790614 2773 3557078 3101067 210520 245491 175320 137336 27212 10772 4060232 4060232 10265022 8716183 1106940 441899 621899 102267 463021 56611 Other Contract Services 5606992 4617598 711548 277846 R&B Allowance 2114895 2107139 7089 667 Entertainment 1098404 384047 298388 415969 Other 1615549 1315443 301663 -1557 0 0 172435777 151677233 15866916 4891628 1217927 572932 12662897 8994504 11365694 12732241 2535595 3018178 3323358 3302505 2084978 1858745 3179483 2876187 319890416 152856849 157908714 167033567 83179842 97340476 180078710 196260548 457537198 493989883 11856841 12591271 3554929 3359627 99090000 97775000 900000 800000 27806164 28217184 143207934 142743082 X 99455484 112144250 99543121 120038885 115330659 119063666 314329264 351246801 457537198 493989883 X -4551285 34446590 0 0 0 7022232 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 0 0 0 0 0 34475 0 1 1 17750 5400806 0 0 X X X 1 251421388 3093449 43696206 5903158 5926788 2505380 283875717 230276122 2040143 32726040 5232475 5872853 2515589 251421388 239821954 5400799 -2991616 5287292 5741809 925914 230276122 204360000 7099602 41224170 5672492 6216839 972487 239821954 188161000 4500358 25206288 5845681 6675390 986575 204360000 0.239 0.401 0.36 0 0 0 2662483 2662483 0 264960147 122569440 142390707 0 0 0 0 0 52267786 30287409 21980377 0 0 0 0 167033567 mutual funds and limited partnerships 196260548 F 196260548 0 Annuities and Deferred Giving Obligations 4069267 Federal Student Loans 2998817 Accrued pension and postretirement benefits 4679063 Capital Lease 2904950 Conditional Asset Retirement Obligation 4128809 Fair Value of Swap Agreement 2259449 Unamortized Premium/Discount 7176829 28217184 X 204192763 34446590 0 0 1861681 36308271 167884492 0 0 0 167884492 116114302 0 0 0 1861681 1861681 114252621 0 58183156 58183156 172435777 Schedule D, Part III, Line 4 St. Lawrence University's permanent collection provides students, faculty, scholars, and a broad regional community the opportunity to study and enjoy original works of art. The collection includes nearly 7,000 art objects and artifacts, with particular strengths in twentieth-century American and European works on paper, including photographs, prints, portfolios, drawings, and artists' books. Schedule D, Part V, Line 4 The intended uses of the endowment fund are to support the university's misison to educate students in the liberal arts tradition. Schedule D, Part X, Line 2 As of June 30, 2014 and 2013, the University did not have a liability for uncertain tax positions. Schedule D, Part XI, Line 2d Bookstore Cost of Goods Sold Schedule D, Part XII, Line 2d Bookstore Cost of Goods Sold Schedule D, Part XII, Line 4b Student Financial Aid 1 1 0 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 The student body is drawn from all parts of the United States and many foreign countries. The University meets the requirements of REV PROC 75-50, SEC 7 03-2(B). Schedule E, Part I, Line 6 St. Lawrence University receives financial assistance from the State of New York. In the year ended June 30, 2014, the university received $278,892 for the Higher Education Opportunity Program and C-Step Programs, $150,000 for the HECAP program, $166,676 for the Bundy Aid Program, and some smaller amounts for research projects. The university also receives federal awards and grants, primarily financial aid awarded to students (e.g. Title IV Campus Based Programs). The university also received some smaller federal awards from agencies such as the Department of Education for the McNair Program Sub-Saharan Africa 1 16 Program Services education abroad programs 773361 Europe (including Iceland and Greenland) 3 6 Program Services education abroad programs 2202074 4 22 2975435 financial aid East Asia and the Pacific 39 515814 credited to bill financial aid Central America and the Caribbean 3 39678 credited to bill financial aid North America (including Canada and Mexico, but not the United States) 1 13226 credited to bill financial aid Sub-Saharan Africa 25 330650 credited to bill financial aid Middle East and North Africa 2 26452 credited to bill financial aid Europe (including Iceland and Greenland) 201 2658435 credited to bill 1 0 0 1 1 0 X X X X X X X 1 Community Counseling Services 461 Fifth Ave New York NY 10017 consulting 0 0 348000 -348000 0 348000 -348000 NY Schedule G, Part I, Line 2b Community Counseling Services provided consulting to increase effectiveness of major gift and donor relations programs and to improve management processess. They also coordinated fundraising for a major capital project. 1 financial aid 1965 54598901 0 Schedule I, Part I, Line 2 Need based financial aid comprises the larger part of the grants described in Part III. these grants are awarded for a maximum of eight semesters upon annual reapplication, subject to satisfactory academic and social standing. Merit based aid comprises the remainder of grants and assistance and requires maintenance of a minimum grade point average of 3.0. X X X X X 0 1 X X X X 0 0 0 0 0 0 0 0 0 William Fox President 353499 0 0 0 6111 0 77985 0 29044 0 466639 0 0 0 Laura Ellis Senior Advisor 224625 0 0 0 903 0 22463 0 2189 0 250180 0 0 0 Val Lehr VP Academic Affairs 193110 0 0 0 403 0 19572 0 7887 0 220972 0 0 0 Kathryn Mullaney Treasurer 180558 0 0 0 1061 0 18307 0 8775 0 208701 0 0 0 Justin Sipher VP Information Tech 173126 0 0 0 9455 0 17868 0 15287 0 215736 0 0 0 Jeff Rickey VP Admissions 165371 0 0 0 614 0 19848 0 34437 0 220270 0 0 0 Tom Pynchon VP Advancement 158760 0 0 0 604 0 16695 0 46224 0 222283 0 0 0 Margaret Strait Athletics Director 154361 0 0 0 914 0 16335 0 15583 0 187193 0 0 0 Joe Tolliver VP Student Affairs 162575 0 0 0 895 0 16258 0 34129 0 213857 0 0 0 Lisa Cania Secretary 162225 0 0 0 583 0 16223 0 9065 0 188096 0 0 0 Thomas Evelyn VP Univ Comm 153310 0 0 0 200 0 16030 0 15843 0 185383 0 0 0 David Hornung Faculty 154043 0 0 0 2123 0 15465 0 7134 0 178765 0 0 0 Greg Carvel Hockey Coach 146550 0 0 0 126 0 15450 0 15728 0 177854 0 0 0 Carol Gable Assoc VP Finance 134220 0 0 0 240 0 13391 0 38266 0 186117 0 0 0 Schedule J, Part I, Line 1a First class travel is generally not allowed, but the president traveled first class once in the past year because the fare was so inexpensive. The university does have a written spousal travel policy. The university provides housing allowances or residence for personal use for transitioning employees, the Viebranz Professor of Creative Writing, the president and two members of senior staff. Social club dues and personal services are provided to the president as described in his employment agreement. Schedule J, Part I, Line 1b First class travel is generally not allowed, but the president traveled first class once in the past year because the fare was so inexpensive. The university does have a written spousal travel policy. The university provides housing allowances or residence for personal use for transitioning employees, the Viebranz Professor of Creative Writing, the president and two members of senior staff. Social club dues and personal services are provided to the president as described in his employment agreement. Schedule J, Part II Nontaxable benefits for the president, Mr. Rickey, and Mr. Tolliver include the estimated value of their housing which is provided tax free as a condition of their employment to host university events and visitors. Nontaxable benefits for Ms. Gable and Mr. Pynchon include the value of tuition exchange/remission for dependents. A St Lawrence County IDA Civic Dev Bonds 272614310 791078AZ1 2012-12-19 46819980 advance refund NYS Dorm Auth 2008 bonds 0 0 0 B NYS Dorm Authority Bonds 2008 Series 146000293 649903X55 2008-07-17 47950000 campus renovations and advance refund 1998 Series 1 0 0 C St Lawrence County IDA Civic Fac Rev Bonds 160991283 791097EH7 2005-12-07 20850000 construct new science center 0 0 0 A 150000 0 46819980 0 47807706 547374 0 299555 0 1 1 1 B 1155000 46795000 47950000 247573 0 596867 79916 10121674 286643 0 2012 1 0 1 1 C 8905000 0 20850000 0 0 410065 295000 20006689 138246 2007 0 0 1 1 A 0 0 0 0 0 0.0166 0.0166 0 0 0 B 0 0 1 1 0 0.0166 0.0166 1 0 0 C 0 0 0 0 0 0 0 0 A 0 1 0 1 0 0 0 0 0 B 0 0 0 1 0 0 0 0 0 C 0 0 0 1 0 0 0 0 0 A 0 B 0 C 0 Schedule K, Part IV, Line 2c-12/19/2012 46,819,980 St Lawrence County IDA Civic Dev Bonds computation performed January, 2013 Schedule K, Part IV, Line 2c-07/17/2008 47,950,000 NYS Dorm Authority Bonds 2008 Series calculation performed January, 2013 Schedule K, Part IV, Line 2c-12/07/2005 20,850,000 St Lawrence County IDA Civic Fac Rev Bonds computation performed October, 2013 Northland Associates Owner James Tyler is a Trustee 11629582 award construction contract 0 Diamond Castle LP Michael Ranger is partner and University Trustee 2230326 endowment investment in Private Equity 0 Schedule L, Part IV In the fiscal year ended 2013, the university solicited proposals for construction of a new residence hall. After careful review by senior management and the board, Northland Associates was selected as general contractor for the project. Trustee James Tyler is president and owner of Northland Associates and therefore was recused from the board's deliberations and decision to award the contract to Northland. This was a guaranteed maximum contract and the total estimated amount paid to Northland for the project, a new residence hall, was $13,000,000. During construction, the university decided to renovate the quad which abuts the hall and awarded the contract to Northland as they were already onsite. Again, Mr. Tyler recused himself from the board's deliberations and decision. Total estimated costs for the quad renovation are $1,200,000. Several years ago, the university investment committee committed $5,000,000 to the private equity fund Diamond Castle, L.P of which current trustee Michael Ranger, is a general partner. He was not a trustee when the university first invested with Diamond Castle. The value of the university's investment with Diamond Castle at 6/30/14 was $2,230,326. This does not include distributions received over the years of investment. X 6 17750 appraised FMV X 5123 appraised FMV X 37 1383044 day's average quote X horses 2 105000 appraised FMV 4 0 1 1 Schedule M, Part I, Line 32b The university contracted with Christie's to sell some art work donated to the university in 2009. Form 990, Part VI, Section A, Line 2 Trustee Cheryl Grandfield is owner of investment firm Grandfield and Dodd which manages an investment portfolio for Trustees Mike Ranger and David Officer. Grandfield and Dodd employ brokerage services from the firm of MacAllaster Pitfield of which Trustee David MacAllaster is an owner. Form 990, Part VI, Section B, Line 11b The 990 Form is reviewed and accepted by the audit committee of the board before filing and is made available to all members of the board of trustees for their review and comments. Form 990, Part VI, Section B, Line 12c Trustees, officers, and employees are required to report compliance with the conflict of interest policy upon election or appointment and on an annual basis thereafter. Individuals are required to recuse themselves from deliberative and decision making processes on matters where any conflict of interest may exist. Form 990, Part VI, Section B, Line 15 The university benchmarks its financial data against a group of 25 private liberal arts colleges. this includes a comparative review of salaries and benefits. The renumeration of the president, vice presidents, and senior staff is determined annually by the compensation committee of the board of trustees in conjunction with a review of comparative data. Persons with any conflict of interest are excluded from these proceedings which are contemporaneously documented. Form 990, Part VI, Section C, Line 19 The university's by-laws, financial statements, and conflict of interest policy are available on the university's website. Form 990, Part XI, Line 9 Gain on Swap -255749 Contributions for LT Invest 3,230,299 Deferred Giving 932,044 Change in Postretirement benefit liability -683084 Insurance Proceeds 3,400,000 Workers Comp Trust Proceeds 398,722 Total to Form 990, Part XI, Line 9 7,022,232 Laurentian Properties LLC 23 Romoda Dr Canton NY 13617 200803478 hotel and restaurant NY 3798131 3387626 St Lawrence University St Lawrence University London Programme 81 Gower St London UK WC1E6HJ study abroad program for university students UK 501(c)(3) 2 St Lawrence University 0 St Lawrence University Kenya Program PO Box 43795-00100 Karen, Nairobi KE study abroad program for university students KE 501(c)(3) 2 St Lawrence University 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 1 0 0 1 0