2015-02-19T03:11:53-07:00 2014-05-31 743118183 Drescher & Malecki LLP 3083 William Street Suite 5 Cheektowaga NY 14225 990 2013-06-01 160759798 Daemen College DAEM 7168398218 4380 Main Street Amherst NY 142263592 Richard G Schott VP for Business Affairs 7168398218 2015-02-19 1 Luke Malecki P01383984 7165652299 2015-01-15 2013 2016-02-25 16:41:14Z Dr Gary A Olson 4380 Main Street Amherst NY 142263542 71144874 0 X www.daemen.edu X 1947 NY Education - private, independent college. 30 28 1656 90 0 0 4125885 4986882 60160420 64095071 1577625 1208652 763809 813506 66627739 71104111 20441488 22630357 0 0 28433251 29388322 51719 10024 475315 15392694 15859450 64319152 67888153 2308587 3215958 83195227 87022136 46616094 45586559 36579133 41435577 Private, independent college providing higher education to students. 0 0 62862283 22630357 66117229 See above. 0 0 0 62862283 1 1 0 0 0 0 0 0 1 1 1 0 0 0 1 0 1 0 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 1 1 0 0 0 1 137 0 1 1656 1 0 0 0 0 0 1 1 0 0 0 1 0 X 30 28 0 0 0 0 0 0 0 1 1 0 1 1 1 1 1 1 1 1 1 0 1 0 X Richard G Schott 7168398218 4380 Main Street Amherst NY 142263592 Dale Demyanick Board Chairman 0.8 0 X 0 0 0 Thomas Brydges Trustee 0.8 0 X 0 0 0 Caroline Buerk Trustee 0.8 0 X 0 0 0 Audre Bunis Trustee 0.4 0 X 0 0 0 Catherine LePage-Campbell Trustee 0.4 0 X 0 0 0 Kevin Carter Trustee 0.4 0 X 0 0 0 Robert Chur Trustee 0.4 0 X 0 0 0 Richard Day Trustee 0.4 0 X 0 0 0 Jed Dietrich Trustee 0.4 0 X 0 0 0 Donald Hutton Trustee 0.4 0 X 0 0 0 Hratch Karamanukian Trustee 0.4 0 X 0 0 0 Thomas Stewart Trustee 0.4 0 X 0 0 0 Seymour Knox IV Trustee 0.4 0 X 0 0 0 Jeffrey Meilman Trustee 0.4 0 X 0 0 0 Lynn Millane Trustee 0.4 0 X 0 0 0 Gail Mitchell Trustee 0.4 0 X 0 0 0 Sr Dorothy Mueller OSF Trustee 0.4 0 X 0 0 0 Thomas Reynolds Trustee 0.4 0 X 0 0 0 Connie Vari Trustee 0.4 0 X 0 0 0 Jeffrey Wellington Trustee 0.4 0 X 0 0 0 Sr Edith Wyss Trustee 0.4 0 X 0 0 0 Wayne Wisbaum Trustee 0.4 0 X 0 0 0 Brenda Young Trustee 0.4 0 X 80451 0 12882 Peter Hunt Trustee 0.4 0 X 0 0 0 Katheryn Karlic Trustee 0.4 0 X 0 0 0 Gregory Oehler Trustee 0.4 0 X 0 0 0 Scott Warman Trustee 0.4 0 X 0 0 0 Dr Gary Olson President 40 0 X X 203376 0 30337 Dr Michael Brogan VP Academic Affairs & Dean of College 40 0 X 121435 0 22983 Robert Beiswanger Jr VP Business Affairs & Treasurer 40 0 X 146104 0 25035 Dr Richanne Mankey VP Institutional Advancement 40 0 X 145057 0 22428 Dr Patricia Brown VP Enrollment Management 40 0 X 116424 0 22593 Michael Looker Controller & Assistant Treasurer 40 0 X 82435 0 15669 Lisa A Arida Controller & Assistant Tresurer 40 0 X 65007 0 54333 David Cristantello VP Institutional Advancement 40 0 X 70747 0 11497 Dr Mary Lou Rusin Professor 40 0 X 161287 0 22127 Cheryl Nosek Professor 40 0 X 137546 0 11038 Catherine Mann Professor 40 0 X 136189 0 12359 Diane Ryan Professor 40 0 X 122526 0 21336 Joel Patterson Professor 40 0 X 119265 0 20966 Dr Greg Shutts Professor 40 0 X 118637 0 21816 George Siefert Jr Professor 40 0 X 115162 0 20346 Linda Keuchler Professor 40 0 X 107721 0 19412 Charles Sabatino Professor 40 0 X 105825 0 19811 Douglas Kalinowski Professor 40 0 X 105407 0 20180 Virginia Hart Professor 40 0 X 106284 0 12625 Gary Styn Professor 40 0 X 102407 0 46522 Lisa Ball Professor 40 0 X 102080 0 19245 Susan Krickovich Professor 40 0 X 103039 0 14716 Dr Martin J Anisman Former President 0 0 X 60250 0 46 Edwin Clausen Former President 0 0 X 164692 0 31012 2899353 0 531314 21 1 1 0 James Girard 42 Pine Woods Ave Tonawanda NY 14150 painting and construction 178898 Tri Main Development LLC 2495 Main Street Buffalo NY 14214 Property managment 146754 2 0 0 97376 0 3877806 1011700 34440 4986882 Tuition & Fees 611310 55957734 55957734 0 0 Sales & service of auxiliary enterprise 611710 8137337 8137337 0 0 0 0 0 0 64095071 664856 0 0 664856 0 0 0 0 0 0 0 0 0 0 543796 0 0 0 543796 0 543796 0 0 543796 69978 97376 40763 29215 0 29215 Bookstore/Food Commissions 900099 131845 131845 0 0 Student Activities Revenue 900099 150824 150824 0 0 Overhead Recoveries 900099 91767 91767 0 0 409855 409855 0 0 784291 71104111 64879362 0 1237867 22630357 22630357 1334063 108491 1127932 97640 0 21291263 19682958 1382537 225768 1076200 950589 107615 17996 4063562 3772750 263865 26947 1623234 1421482 177568 24184 0 0 0 0 51331 0 51331 0 36775 0 36775 0 0 0 0 0 10024 10024 106087 0 106087 0 367181 319200 46238 1743 300321 300321 0 0 2462383 2037227 387305 37851 1462971 1297673 165298 0 1821 1821 0 0 3117156 3054306 62850 0 918685 782679 114135 21871 1707360 1707360 0 0 2575056 2575056 0 0 191961 81106 110855 0 Food Service - Students 1214302 1214302 0 0 Resident Assistants 215415 215415 0 0 Direct Mail Services 233315 233315 0 0 897330 475875 410164 11291 67888153 62862283 4550555 475315 1062883 2017390 11619977 10649790 721022 2056384 1528752 1371268 0 0 0 0 2929710 2848039 0 303298 333997 89738405 42720938 46203593 47017467 12872660 14891021 3247134 3280926 0 0 2706198 2555854 83195227 87022136 538814 1091628 0 0 1720931 1677816 33330000 32759070 405510 256219 0 0 0 0 0 0 10620839 9801826 46616094 45586559 X 31059005 35348433 5354479 5914898 165649 172246 36579133 41435577 83195227 87022136 3215958 1640486 0 0 0 0 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 8613531 357983 1153310 32210 0 70019 10022595 7160726 140438 1401919 24750 0 64802 8613531 7130497 342721 -229177 23055 0 60260 7160726 5856578 352008 1003916 26429 0 55576 7130497 5120013 254820 546872 16000 0 49127 5856578 0.6 0.02 0.38 1 0 0 983678 983678 0 58451143 19118345 39332798 0 390998 234599 156399 0 16854274 14731121 2123153 0 13058312 8636873 4421439 47017467 Funds held by bond trustees 3280926 F 3280926 0 Accrued salaries, wages and pension 2241620 Accrued Interest 106088 U.S. government advances 919076 Derivative liability 6535042 9801826 72785360 840515 0 0 840734 1681249 71104111 0 0 0 71104111 67928916 0 0 0 40763 40763 67888153 0 0 0 67888153 Schedule D, Part IV, Line 2b The college performs administrative functions for three agencies. The amounts reported represent the assets the College has fiduciary duties to maintain and control Schedule D, Part V, Line 4 Endowment Funds are intended to be used for scholarships or other expenditures to further the College's mission of higher education. Schedule D, Part XI, Line 2d $799,971 represents change in value of derivative instrument. $40,763 represents fundraising expenses. Schedule D, Part XII, Line 2d Represents fundraising expenses shown on Part XIII. 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 policy is communicated through the website, student and employment handbooks, print ads and broadcast. Schedule E, Part I, Line 6 The College receives aid from New York State including: Bundy Aid, Higher Education Opportunity Grant, TLQP Research Grant, New York State Developmental Disability Grants for Nurse Practitioners, Physician's Assistants and Medically Fragile; NYS HECAP grant, Empire State Development Grant and NYS Library grant. The College also receives aid from the US Government including: US Department of Education Title III and Title IV programs, Department of Health and Human Services Nursing Grants, and Department of Defense Burn, Rutgers, Mote and Sensor grants. Golf Tournament 79094 0 79094 0 0 22975 4516 0 0 Annual Fund 97376 97376 0 0 0 0 0 0 0 1 31647 0 31647 0 0 4404 8367 0 501 208117 97376 110741 0 0 27379 12883 0 501 40763 69978 1 Student financial aid grants 2313 22630356 0 book Schedule I, Part I, Line 2 Student financial aid is credited to the individual student accounts and their net balances are monitored by the Business Office. X 1 1 X X X 1 0 0 0 0 0 0 0 0 Dr Martin J Anisman Former President 60250 0 0 0 0 0 0 0 46 0 60296 0 0 0 Edwin Clausen Former President 162823 0 0 0 1869 0 1869 0 29143 0 195704 0 0 0 Dr Gary Olson President 193462 0 0 0 9914 0 15862 0 14475 0 233713 0 0 0 Robert Beiswanger Jr VP Business Affairs & Treasurer 126032 0 0 0 20072 0 11868 0 13167 0 171139 0 0 0 Dr Mary Lou Rusin Professor 144690 0 0 0 16597 0 12071 0 10056 0 183414 0 0 0 Dr Richanne Mankey VP Institutional Advancement 136294 0 0 0 8763 0 9347 0 13081 0 167485 0 0 0 Schedule J, Part I, Line 1a The president of the College receives a housing allowance Schedule J, Part I, Line 3 The College uses the following to establish the compensation of the organization's CEO/President: Compensation Committee, written employment contract and approval by the Board of Trustees. Schedule J, Part I, Line 4 Dr. Edwin Clausen retired as President of the College on 1.13.2013. His severance package included $163,333 in salary to be paid through 5.21.2014. His dependent was entitled to dependent tuition benefits of $27,345 through 5.31.2014. A Town of Amherst Industrial Development Agency 161136451 031362EH5 2006-06-30 20925000 Refund & defease 2001A bonds 0 0 0 B Town of Amherst Industrial Development Agency 161136451 031362EJ1 2006-06-30 17075000 Construction & equipment for new library 0 0 0 A 3880000 18275654 20925000 1436398 0 0 434918 637393 0 0 140637 0 2006 0 1 1 1 B 1905000 0 17075000 1064941 575186 0 365107 568492 0 14500435 839 0 2006 0 0 1 1 A 0 0 0 0 0 0 0 1 0 0 B 0 0 0 0 0 0 0 1 0 0 A 0 1 1 1 1 1 Morgan Stanley 25 0 0 1 Morgan Stanley 25.0 1 0 0 B 0 1 1 1 1 1 Morgan Stanley 30.0 0 0 1 Morgan Stanley 30.0 1 0 0 A 0 B 0 Schedule K, Part IV, Line 2c-06/30/2006 20,925,000 Town of Amherst Industrial Development Agency No rebate due for the Bond issues A or B; the rebate calculation date was 10/18/2011. This calculation was based on the interim Arbitrage Rebate Analysis prepared for Daemen College by the BLX Group for the period 6/30/06 through October 3, 2011. The next rebate installment will be due not later than December 2, 2016, 60 days after October 2, 2016. Schedule K, Part IV, Line 2c-06/30/2006 17,075,000 Town of Amherst Industrial Development Agency No rebate due for the Bond issues A or B; the rebate calculation date was 10/18/2011. This calculation was based on the interim Arbitrage Rebate Analysis prepared for Daemen College by the BLX Group for the period 6/30/06 through October 3, 2011. The next rebate installment will be due not later than December 2, 2016, 60 days after October 2, 2016. Maureen Millane Daughter of Board Trustee 72636 Listed person is employed by the College. 0 X 1 16000 FMV X 1 14519 FMV X Printing services 1 1300 FMV X Office machines 1 2621 FMV 0 0 0 0 Form 990, Part VI, Section B, Line 11b The Form 990 is reviewed by the Board of Trustees prior to filing. Form 990, Part VI, Section B, Line 12c The written conflict of interest policy covers employees and trustees. Officers ensure that all of their employees required to submit a Conflict of Interest Statement do so. Form 990, Part VI, Section B, Line 15 The College's President's compensation is reviewed and approved by the Executive Committee of the Board of Trustees with documentation in the minutes. Form 990, Part VI, Section C, Line 19 Copies of the governing documents, the conflict of interest policy and financial statements are made available upon request. Daemen College Physical Therapy Inc 4380 Main Street Amherst NY 14226 462438676 Physical therapy clinic NY 501(c)(3) 9 N/A 0 4380 Main Street Inc 4380 Main Street Amherst NY 14226 161003033 Liquor License NY C 0 987 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 1 1 Daemen College has filed an extension until April 15, 2015 to file Form 990 in order to allow the audit committee and the Board of Directors sufficient time to review the Form.