2015-03-28T15:41:20-05:00 2014-06-30 141555429 UHY ADVISORS NY INC 66 SOUTH PEARL STREET SUITE 400 ALBANY NY 12207 990 2013-07-01 141338488 THE SAGE COLLEGES SAGE 5182442200 65 1ST ST TROY NY 12180 PATRICK JACOBSON-SCHULTE VP FINANCE & TREASURER 5182442200 2015-03-10 1 MICHAEL O LIPSCHULTZ P01373022 5184493166 2013 2016-02-25 16:41:14Z SUSAN C SCRIMSHAW 65 1ST ST TROY NY 12180 95982429 0 X N/A X 1916 NY COLLEGIATE EDUCATION OF STUDENTS. 27 26 1774 0 0 0 6161073 5458172 66028929 65469745 1553989 1132028 54534 142807 73798525 72202752 24538248 24545910 0 0 29742844 29331394 224948 201798 2562640 19266423 19629716 73772463 73708818 26062 -1506066 95021175 94245986 36775415 34827884 58245760 59418102 COLLEGIATE EDUCATION OF STUDENTS. 0 0 66287666 24545910 65469745 COLLEGIATE EDUCATION OF STUDENTS. 66287666 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 1 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 235 0 1 1774 1 0 0 0 0 0 1 1 0 0 0 0 X 27 26 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY X PATRICK JACOBSON-SCHULTE 5182442200 65 1ST ST TROY NY 12180 SUSAN C SCRIMSHAW PRESIDENT 40.00 0.00 X X 311807 0 54336 JOHN BELLARDINI TRUSTEE 1.00 0.00 X 0 0 0 THERESE BENTLEY TRUSTEE 1.00 0.00 X 0 0 0 JUDITH CAMPISI TRUSTEE 1.00 0.00 X 0 0 0 MONICA CUNNINGHAM JD TRUSTEE 1.00 0.00 X 0 0 0 KATHRYN M DIAMOND TRUSTEE 1.00 0.00 X 0 0 0 ANN DUFFIELD TRUSTEE 1.00 0.00 X 0 0 0 DONNA ESTEVES TRUSTEE 1.00 0.00 X 0 0 0 JENNIFER FLATHER TRUSTEE 1.00 0.00 X 0 0 0 MARILYN MILLER FOWLER TRUSTEE 1.00 0.00 X 0 0 0 EILEEN WITZMAN GOLDBLATT TRUSTEE 1.00 0.00 X 0 0 0 JULIA L GREENSTEIN RSC TRUSTEE 1.00 0.00 X 0 0 0 CATHERINE HILL TRUSTEE 1.00 0.00 X 0 0 0 CARRIE HILLENBRANDT TRUSTEE 1.00 0.00 X 0 0 0 BARRY ILBERMAN TRUSTEE 1.00 0.00 X 0 0 0 PAUL JAECKLE TRUSTEE 1.00 0.00 X 0 0 0 JANET W JONES TRUSTEE 1.00 0.00 X 0 0 0 JEANNE CLOUTIER MARKIN TRUSTEE 1.00 0.00 X 0 0 0 FREDERICK A MILLER TRUSTEE 1.00 0.00 X 0 0 0 DEBORAH ONSLOW TRUSTEE 1.00 0.00 X 0 0 0 CHESTER J OPALKA JR TRUSTEE 1.00 0.00 X 0 0 0 ANDREA CRISAFULLI RUSSO TRUSTEE 1.00 0.00 X 0 0 0 RONNYE BERG SHAMAM TRUSTEE 1.00 0.00 X 0 0 0 NELSON TIP SIMONS TRUSTEE 1.00 0.00 X 0 0 0 PATRICIA TIMPANO SPARRELL TRUSTEE 1.00 0.00 X 0 0 0 NANCY VALLEY TRUSTEE 1.00 0.00 X 0 0 0 ROBERT ZEMSKY TRUSTEE 1.00 0.00 X 0 0 0 TERRENCE WEINER INTERIM PROVOST 40.00 0.00 X 177893 0 9255 DANIEL LUNDQUIST VP MKTG & ENROLLMENT MGMT 40.00 0.00 X 166091 0 8265 MELISSA KOMORA VP INSTITUTIONAL ADVANCEME 40.00 0.00 X 142407 0 14537 DEIRDRE ZARRILLO VP ADMIN & PLANNING 40.00 0.00 X 120196 0 0 PETER HUGHES VP FINANCE & TREASURER 40.00 0.00 X 111045 0 5485 PATRICIA CELLEMME VP FOR STUDENT LIFE 40.00 0.00 X 83028 0 15263 LORI QUIGLEY DEAN SCH OF EDUCATION 40.00 0.00 X 142656 0 7001 ESTHER HASKVITZ DEAN SCH OF HEALTH SCIENCE 40.00 0.00 X 121347 0 8353 PATRICIA POHL PROF & PHYS THERAPY CHAIR 40.00 0.00 X 105208 0 15574 1481678 0 138069 9 0 1 0 SODEXO OPERATIONS LLC BOX 360170 PITTSBURGH PA 15251 FOOD SERVICE 3058066 CDPHP 500 PATROON CREEK BLVD ALBANY NY 12206 BENEFITS ADMINISTRATOR 2480176 SANO-RUBIN CONSTRUCTION CO INC 624 DELAWARE AVENUE ALBANY NY 12209 CONSTRUCTION 1987127 UHCS 100 UNION DRIVE ALBANY NY 12208 DORM SERVICES 1683864 MAGGS & ASSOCIATES 501 STATE STREET SCHENECTADY NY 12305 INSURANCE 1015461 22 1577989 3880183 294667 5458172 TUITION & FEES 611710 57130997 57130997 AUXILIARY ENTERPRISES 611710 8201400 8201400 PARKING 812930 69210 69210 OTHER SOURCES 900099 38006 38006 TRANSCRIPTS 611710 30132 30132 65469745 258475 258475 161344 18537 142807 142807 142807 24634693 23761140 873553 873553 873553 72202752 65469745 0 1274835 X 24545910 24545910 1610224 1006123 442672 161429 22310665 19538406 1456773 1315486 698923 601684 54704 42535 2711791 1787400 518945 405446 1999791 1721567 156521 121703 234924 234436 488 115498 115498 201798 201798 7768146 7289000 456917 22229 376184 349905 26279 1908897 1908897 343211 243807 39590 59814 701214 701214 3111807 3111807 707968 587135 120833 SUPPLIES 788737 726051 38282 24404 OPERATION & MAINTENANCE 723823 398251 311809 13763 BOOKS & PERIODICALS 430275 428254 2021 SPECIAL PROGRAMS 409420 378812 9852 20756 2009612 963443 901680 144489 73708818 66287666 4858512 2562640 185111 59602 867707 446582 8539768 4097623 3851370 3602483 493681 513880 99651195 46785327 52890842 52865868 16214537 18280379 10803489 12829913 360995 330109 813675 1219547 95021175 94245986 6406240 4804580 4069920 3409617 13680000 13160000 7379990 7965604 5239265 5488083 36775415 34827884 X 21951199 22643399 20109281 20125973 16185280 16648730 58245760 59418102 95021175 94245986 -1506066 2678408 0 X 0 1 X 1 1 1 X 2330590 9442397 15118324 6161073 5458172 38510556 2330590 9442397 15118324 6161073 5458172 38510556 8675080 29835476 50917 573640 274675 473094 419819 1792145 40302701 259630644 0.74030 0.73360 X PARTS I AND II/PUBLIC CHARITY STATUS AND SUPPORT SCHEDULE: THE SAGE COLLEGES QUALIFY 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. SCHEDULE A, PART II SUPPORT INFORMATION PRESENTED IN PART II INCLUDES THE SHORT PERIOD 05/01/2010 TO 06/30/2010. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 27234092 1688333 3251286 1699835 30473876 21009808 5692747 1917305 1385768 27234092 20986744 925399 -63555 838780 21009808 23239401 1265721 3074040 6592418 20986744 26750057 628923 -1139579 3000000 23239401 0.32530 0.51360 0.16110 0 0 6241117 6241117 79812862 34593032 45219830 13514385 12192295 1322090 82831 82831 52865868 WEATHERLOW OFFSHORE I 2569010 F DRAKE OFFSHORE LP 4012056 F STEPSTONE PE OFFSHORE II 1977309 F COMMON STOCKS 1326265 F CORPORATE OBLIGATIONS 414005 F US GOV/AGENCY/MUNI 118176 F AUDA SEC III FEEDER LP 304644 F PIPER JAFFRAY MUNICIPAL OPP 1070656 F BLUE MOUNTAIN CAIS CA LTD 1037792 F 12829913 ANNUITIES PAYABLE 227146 ASSET RETIREMENT OBLIGATION 1705875 DEPOSITS HELD FOR OTHERS 140061 LIFE INCOME PAYABLE 99200 U.S. GOVERNMENT ADVANCES 3178537 ACCRUED POST-RETIREMENT BENEFITS 137264 5488083 X 50353787 2678408 18537 2696945 47656842 24545910 24545910 72202752 49181445 18537 18537 49162908 24545910 24545910 73708818 PART V, LINE 4: INTENDED USE OF ENDOWMENT FUNDS: ENDOWMENT FUNDS ARE INTENDED TO SUPPORT THE EDUCATIONAL AND RESEARCH ACTIVITIES OF THE COLLEGES. PART X, LINE 2: FINANCIAL STATEMENTS FOOTNOTE RELATED TO UNCERTAIN TAX POSITIONS: THE COLLEGE RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT OF BEING SUSTAINED. RECOGNIZED INCOME TAX POSITIONS ARE MEASURED AT THE LARGEST AMOUNT THAT IS GREATER THAN 50% LIKELY OF BEING REALIZED. CHANGES IN RECOGNITION OR MEASUREMENT ARE REFLECTED IN THE PERIOD IN WHICH THE CHANGE IN JUDGEMENT OCCURS. THE COLLEGE HAS NO FEDERAL OR STATE INFORMATIONAL RETURNS THAT ARE CURRENTLY UNDER EXAMINATION BY THE INTERNAL REVENUE SERVICE ("IRS") OR STATE AUTHORITIES. HOWEVER, FISCAL YEARS 2011 AND LATER REMAIN SUBJECT TO EXAMINATION BY THE IRS AND NEW YORK STATE. PART XI, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 18,537. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIP EXPENSES 24,545,910. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 18,537. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIP EXPENSES 24,545,910. 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 SAGE COLLEGES' RACIALLY NONDISCRIMINATORY POLICY IS INCLUDED ON THE FIRST PAGE OF THE ANNUAL PUBLICATION OF THE COLLEGES' CATALOG AND IS RUN ANNUALLY IN THE LOCAL NEWSPAPER. SCHEDULE E, PART I, LINE 6 THE COLLEGES AND THEIR STUDENTS RECEIVE FINANCIAL AID FROM FEDERAL AND STATE GOVERNMENTAL AGENCIES UNDER VARIOUS PROGRAMS. X X X X X X 1 POLARIS PHILANTHROPY GROUP 420 LEXINGTON AVE STE 300 NEW YORK NY 10170 COUNSEL ON FUNDRAISING PROCEDURES/STRATEGIES 0 5226005 166250 5059755 STOCKADE CONSULTING GROUP INC 650 FRANKLIN ST STE 502 SCHENECTADY NY 12305 COUNSEL FOR PHONE SOLICITATION AND BACK-UP 0 100191 35548 64643 5326196 201798 5124398 NY 1 STUDENT SCHOLARSHIPS 1826 24545910 0 PART I LINE 2 PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS IN THE UNITED STATES: EACH GRANT IS ASSIGNED A GRANTS ADMINISTRATOR WHO MONITORS ALL EXPENDITURES TO ENSURE FUNDS ARE USED IN ACCORDANCE WITH GRANTOR POLICIES AND REGULATIONS. IN ADDITION, AN ACCOUNTANT IS ASSIGNED TO RECORD AND REPORT ALL GRANT REVENUES AND EXPENDITURES TO THE GRANT ADMINISTRATOR AND GRANTOR ON A REGULAR BASIS. X X 1 1 X 0 0 0 0 0 0 0 0 0 SUSAN C SCRIMSHAW PRESIDENT 311807 0 0 0 0 0 12750 0 41586 0 366143 0 0 0 TERRENCE WEINER INTERIM PROVOST 177893 0 0 0 0 0 8055 0 1200 0 187148 0 0 0 DANIEL LUNDQUIST VP MKTG & ENROLLMENT MGMT 166091 0 0 0 0 0 8265 0 0 0 174356 0 0 0 MELISSA KOMORA VP INSTITUTIONAL ADVANCEME 142407 0 0 0 0 0 6904 0 7633 0 156944 0 0 0 PART I, LINE 1A HOUSING ALLOWANCE/PERSONAL SERVICES: THE COLLEGES PROVIDE PRESIDENT SCRIMSHAW WITH A HOME IN TROY AND REQUIRE ITS USE AS A CONDITION OF EMPLOYMENT FOR THE CONVENIENCE OF THE COLLEGES. THE TOTAL ESTIMATED VALUE OF THE ANNUAL USE OF THE RESIDENCE IS $50,000 OF WHICH $33,500 IS ESTIMATED TO BE THE VALUE OF PERSONAL USE AND IS REPORTED AS A NONTAXABLE BENEFIT IN FORM 990, PART VII AND SCHEDULE J, PART II. M&T BANK VP FINANCE PETER HUGHES' BROTHER BRIAN HUGHES IS A VP OF M&T BANK 165089 OWED TO M&T BANK ON LINE OF CREDIT $5,600,000 AT 3.9% INTEREST; INTEREST PAID IN REPORTING PERIOD $165,089. 0 X 31 294667 DAY'S HIGH/LOW AVG 0 0 0 FORM 990, PART VI, SECTION B, LINE 11 FORM 990 REVIEW PROCEDURE: THE DRAFT FORM 990 IS PRESENTED TO THE BOARD FINANCE COMMITTEE, AUDIT SUB-COMMITTEE AND EXECUTIVE COMMITTEE FOR APPROVAL. IT IS THEN PRESENTED TO THE FULL BOARD FOR FINAL APPROVAL BEFORE BEING SUBMITTED TO THE IRS. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST PROCEDURES: A CONFLICT OF INTEREST DISCLOSURE IS REQUIRED TO BE COMPLETED ANNUALLY BY EACH TRUSTEE AND EXECUTIVE OFFICER. INDIVIDUALS SUBJECT TO ANY KNOWN, POSSIBLE OR PERCEIVED CONFLICT RECUSE THEMSELVES FROM THE DELIBERATIVE AND DECISION-MAKING PROCESSES IN RESPECT OF MATTERS AFFECTED. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION PROCEDURES: COMPENSATION FOR THE PRESIDENT IS REVIEWED AND APPROVED BY THE BOARD EXECUTIVE COMMITTEE AND TRUSTEES. COMPENSATION FOR CABINET MEMBERS IS REVIEWED AND APPROVED BY THE PRESIDENT. FORM 990, PART VI, SECTION C, LINE 19 AVAILABILITY OF ORGANIZATIONAL DOCUMENTS TO THE PUBLIC: ANNUAL INFORMATION RETURNS, GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G ACCREDITATION FEES: PROGRAM SERVICE EXPENSES 36,534. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 36,534. CONSULTANT FEES: PROGRAM SERVICE EXPENSES 157,500. MANAGEMENT AND GENERAL EXPENSES 12,690. FUNDRAISING EXPENSES 6,223. TOTAL EXPENSES 176,413. OTHER FEES: PROGRAM SERVICE EXPENSES 7,094,966. MANAGEMENT AND GENERAL EXPENSES 444,227. FUNDRAISING EXPENSES 16,006. TOTAL EXPENSES 7,555,199.