2014-04-14T07:33:08-05:00 2013-05-31 861065772 DELOITTE TAX LLP 111 MONUMENT CIRCLE STE 2000 INDIANAPOLIS IN 462045108 990 2012-06-01 160743942 CANISIUS COLLEGE CANI 7168837000 2001 MAIN STREET BUFFALO NY 14208 MARCO BENEDETTI 7168837000 2014-04-14 1 SAMANTHA BOKORI P01057347 3174648600 2012 2015-11-30 17:44:51Z MARCO F BENEDETTI 2001 MAIN STREET BUFFALO NY 14208 186047114 0 X WWW.CANISIUS.EDU X 1870 NY HIGHER EDUCATION 32 32 2636 32 316090 -122995 11988192 6150344 134851397 141235521 3929824 13204772 551892 527370 151321305 161118007 50916594 56800451 0 0 58699379 56864131 0 0 1070628 39964808 36803017 149580781 150467599 1740524 10650408 278298168 290969501 99396747 103143545 178901421 187825956 X CANISIUS COLLEGE IS A PRIVATE, INDEPENDENT ROMAN CATHOLIC COLLEGE, GOVERNED BY AN INDEPENDENT SELF PERPETUATING BOARD OF TRUSTEES UNDER A CHARTER GRANTED BY THE BOARD OF TRUSTEES OF THE COLLEGE OF THE STATE OF NEW YORK. ESTABLISHED AS A LIBERAL ARTS COLLEGE, THE COLLEGE HAS GROWN TO INCLUDE A GRADUATE DIVISION, A SCHOOL OF BUSINESS ADMINISTRATION, A SCHOOL OF EDUCATION AND HUMAN SERVICES, AND A SUMMER SESSION IN ADDITION TO THE COLLEGE OF ARTS AND SCIENCES. 0 0 103769165 56800451 123786637 EDUCATION/INSTRUCTION - PROVIDE EDUCATION TO APPROXIMATELY 4,922 STUDENTS IN THE FALL AND 4,462 STUDENTS IN THE SPRING SEMESTERS. 19241185 1839039 STUDENT SERVICES - PROVIDE THE NECESSARY SERVICES REQUIRED BY THE STUDENTS ENROLLED IN THE PROGRAMS. 10607735 15787805 RESIDENCE HALLS - PROVIDE ROOM AND BOARD TO APPROXIMATELY 4,922 STUDENTS IN THE FALL AND 4,462 STUDENTS IN THE SPRING SEMESTERS. 133618085 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 1 0 1 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 1 339 0 1 2636 1 1 1 0 0 0 0 0 0 0 0 0 X 32 32 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 X X MARCO F BENEDETTI 7168837000 2001 MAIN STREET BUFFALO NY 14208 LARRY AIELLO JR 0.50 0.00 X 0 0 0 CATHERINE BURZIK 0.50 0.00 X 0 0 0 JOSEPH J CASTIGLIA 0.50 0.00 X 0 0 0 ANN E CELANI 0.50 0.00 X 0 0 0 NELSON CIVELLO 0.50 0.00 X 0 0 0 REV JOSEPH S COSTANTINO 0.50 0.00 X 0 0 0 HON MARY G DIEHL 0.50 0.00 X 0 0 0 REV BRIAN B FRAIN 0.50 0.00 X 0 0 0 JOSEPH M HASSETT 0.50 0.00 X 0 0 0 REV JOHN F LIBENS 0.50 0.00 X 0 0 0 CHRISTINE M LICATA-CULHANE 0.50 0.00 X 0 0 0 ALFRED F LUHR III 0.50 0.00 X 0 0 0 DONALD T LYNCH 0.50 0.00 X 0 0 0 ANTHONY M MASIELLO 0.50 0.00 X 0 0 0 REV JOSEPH M MCSHANE 0.50 0.00 X 0 0 0 ACEA M MOSEY 0.50 0.00 X 0 0 0 KENNETH F MYSZKA 0.50 0.00 X 0 0 0 BEN K WELLS 0.50 0.00 X 0 0 0 REV MICHAEL BOUGHTON 0.50 0.00 X 0 0 0 ANTHONY B HABIB 0.50 0.00 X 0 0 0 ROCCO J MAGGIOTTO 0.50 0.00 X 0 0 0 JOSEPH D MCDONALD 0.50 0.00 X 0 0 0 REV LEO J O'DONOVAN 0.50 0.00 X 0 0 0 MICHAEL J MONTANTE 0.50 0.00 X 0 0 0 TERESA AMABILE 0.50 0.00 X 0 0 0 EDWARD BURKE-CAREY 0.50 0.00 X 0 0 0 MICHAEL ERVOLINA 0.50 0.00 X 0 0 0 JENNIFER S FARRELL 0.50 0.00 X 0 0 0 REV LOUIS T GARAVENTA 0.50 0.00 X 0 0 0 RONALD A RACCUIA 0.50 0.00 X 0 0 0 JAMES E SHERWOOD 0.50 0.00 X 0 0 0 LAWRENCE J VILARDO 0.50 0.00 X 0 0 0 MR JOHN J HURLEY 40.00 0.00 X 289609 0 49518 DR RICHARD WALL 40.00 0.00 X 163888 0 61404 MR PATRICK RICHEY 40.00 0.00 X 164458 0 132345 MR CRAIG CHINDEMI 40.00 0.00 X 148430 0 29881 DR ELLEN CONLEY 40.00 0.00 X 153072 0 17945 MS DIANNA CIVELLO 40.00 0.00 X 105082 0 13856 ANTONE ALBER 40.00 0.00 X 189045 0 33628 JOSEPH O'DONNELL 40.00 0.00 X 172689 0 35400 IAN REDPATH 40.00 0.00 X 165761 0 24333 GEORGE PALUMBO 40.00 0.00 X 157760 0 23779 EDWARD GRESS 40.00 0.00 X 145678 0 25503 1855472 0 447592 55 0 1 0 INDEPENDENT HEALTH ASSOCIATION INC 511 FARBER LAKES DR BUFFALO NY 14221 HEALTH INSURANCE 6183985 CHARTWELLS EDUCATIONAL DINING SERVICES PO BOX 91337 CHICAGO IL 60693 FOOD SERVICE 4306857 FERGUSON ELECTRIC SERVICE CO INC 321 ELLIOT ST BUFFALO NY 14203 ELECTRICAL SERVICES 1826324 DOBIL LABORATORIES INC 727 BUTLER ST PITTSBURGH PA 15223 AUDIO VISUAL SERVICES 1132811 UNILAND CONSTRUCTION CORP 100 CORPORATE PKY SUITE 500 AMHERST NY 14226 CONSTRUCTION 1037141 52 2848278 3302066 117771 6150344 TUITION & FEES 611710 124110813 123786637 324176 RESIDENCE HALL-RM & BO 611710 15787805 15787805 INTERCOLLEGIATE ATHLET 611710 692819 692819 FOOD SVC/RATHSKELLER 611710 444084 444084 BOOKSTORE/PRINTING 611710 200000 200000 141235521 5816634 -20775 5837409 12545 0 12545 12545 12545 32317245 24929107 7388138 7388138 7388138 MISCELLANEOUS 531190 514825 502136 12689 514825 161118007 141413481 316090 13238092 56800451 56800451 1150904 391661 759243 40347149 34319712 6027437 2682384 2209822 472562 9610473 6737184 2873289 3073221 2351774 721447 157902 157902 221163 221163 128203 128203 2412454 2412454 7673480 6242233 1431247 ACADEMIC SUPPORT 14668851 14668851 0 0 INSTRUCTION 7483943 7483943 0 0 INSTITUTIONAL SUPPORT 1819484 0 748856 1070628 TELEPHONE 1458858 0 1458858 0 778679 778679 150467599 133618085 15778886 1070628 2205784 2806823 6782047 6072700 19545852 16360997 2258041 5918253 4487838 4309913 35467 24229 3149853 2924706 265250837 117688810 143640099 147562027 95896706 104320829 296481 669024 278298168 290969501 12142983 10261398 938172 5602993 74968263 76506369 686168 541745 10661161 10231040 99396747 103143545 X 83431522 85567846 30868364 36930961 64601535 65327149 178901421 187825956 278298168 290969501 10650408 -1781523 55650 0 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 84947373 2567077 11764514 4154125 650000 94474839 88435779 4274062 -3225931 4536537 84947373 74447275 5397573 12953595 4362664 88435779 62876922 4950853 10481847 3862347 74447275 81649801 5940757 -19783524 4212237 717875 62876922 0.15000 0.28000 0.57000 1 0 5475772 5475772 250476955 117688810 132788145 9298110 9298110 147562027 SHORT TERM INVESTMENTS: DEBT SERVICE 10795410 F OTHER INVESTMENTS 93525419 F 104320829 DEPOSITS HELD IN CUSTODY 280642 INTEREST PAYABLE 784807 GOVERNMENT GRANTS REFUNDABLE 3329751 ASSET RETIREMENT OBLIGATIONS 5835840 10231040 X 102591684 -1781523 55650 -1725873 104317557 56800450 56800450 161118007 93667148 0 93667148 56800451 56800451 150467599 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE PRIMARY INTENDED USE OF THE ENDOWMENT IS TO SUPPLEMENT OPERATIONS AND FUND SCHOLARSHIPS FOR STUDENTS. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: THE COLLEGE IS SUBJECT TO THE PROVISIONS OF ASC NO. 740-10 RELATED TO THE ACCOUNT FOR UNCERTAINTY IN INCOME TAXES. NO LIABILITY FOR UNRECOGNIZED TAX BENEFITS WAS REQUIRED AT MAY 31, 2013 AND 2012. PART XI, LINE 4B - OTHER ADJUSTMENTS: ENDOWED SCHOLARSHIPS 3,019,664. GOVERNMENT APPROPRIATIONS AND GRANTS 2,848,277. INSTITUTIONAL SCHOLARSHIPS AND STUDENT AID 47,666,750. PRIVATE GIFTS AND GRANTS 1,396,134. OTHER GRANTS 1,869,626. ROUNDING -1. PART XII, LINE 4B - OTHER ADJUSTMENTS: ENDOWED SCHOLARSHIPS 3,019,664. GOVERNMENT APPROPRIATIONS AND GRANTS 2,848,277. INSTITUTIONAL SCHOLARSHIPS AND STUDENT AID 47,666,750. PRIVATE GIFTS AND GRANTS 1,396,134. OTHER GRANTS 1,869,626. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION SCHEDULE E, PART I, LINE 3 CANISIUS COLLEGE'S NONDISCRIMINATORY POLICY IS PUBLISHED AT LEAST ANNUALLY IN THEIR NEWSPAPER. THE COLLEGE ALSO INCLUDES A STATEMENT OF THIS POLICY IN ALL BROCHURES,CATALOGS AND ADVERTISEMENTS DEALING WITH STUDENT PROGRAMS, ADMISSIONS, AND SCHOLARSHIPS. EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE SCHEDULE E, PART I, LINE 6 THE COLLEGE RECEIVES FINANCIAL AID FROM VARIOUS FEDERAL AND STATE AGENCIES. THE COLLEGE OPERATES UNDER A NONDISCRIMINATORY POLICY, AND DISTRIBUTES FINANCIAL AID IN ACCORDANCE WITH SUCH POLICY. CENTRAL AMERICA & THE CARIBBEAN 0 0 PROGRAM SERVICES CONFERENCES AND STUDY ABROAD PROGRAMS 41616 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES STUDY TRAVEL, RECRUITING AND STUDY ABROAD PROGRAMS IN AUSTRALIA AND JAPAN. 80782 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 PROGRAM SERVICES STUDY TRAVEL, CONFERENCES, RECRUITING AND STUDY ABROAD PROGRAMS 348092 MIDDLE EAST AND NORTH AFRICA 0 0 PROGRAM SERVICES STUDY TRAVEL, CONFERENCES, RECRUITING AND STUDY ABROAD PROGRAMS 6447 NORTH AMERICA 0 0 PROGRAM SERVICES STUDY TRAVEL, CONFERENCES, RECRUITING AND STUDY ABROAD PROGRAMS 250791 SOUTH AMERICA 0 0 PROGRAM SERVICES STUDY TRAVEL, CONFERENCES, RECRUITING AND STUDY ABROAD PROGRAMS 43832 SUB-SAHARAN AFRICA 0 0 PROGRAM SERVICES STUDY TRAVEL, CONFERENCES, RECRUITING AND STUDY ABROAD PROGRAMS 10911 SOUTH ASIA 0 0 PROGRAM SERVICES STUDY TRAVEL, CONFERENCES, RECRUITING AND STUDY ABROAD PROGRAMS 9783 RUSSIA AND NEIGHBORING STATES 0 0 PROGRAM SERVICES STUDY TRAVEL, CONFERENCES, RECRUITING AND STUDY ABROAD PROGRAMS 955 0 0 0 0 0 0 792254 955 793209 0 0 0 0 0 0 1 0 0 UNRESTRICTED AND INSTITUTIONAL SCHOLARSHIPS, INCLUDING MERIT AND ATHLETIC SCHOLARSHIPS 12849 47798416 0 RESTRICTED SCHOLARSHIPS AND GOVERNMENT AID 5799 9002035 0 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: THE COLLEGE'S FINANCIAL AID OFFICE MAINTAINS ELIGIBILITY REQUIREMENTS AND MONITORS GRANTING OF AWARDS TO STUDENTS AND FOLLOWS U.S. FEDERAL AID REGULATIONS AND ALL STATES' REGULATIONS FOR GRANTS TO ITS STUDENTS. X 1 1 X X X 0 0 0 0 0 0 0 0 0 MR JOHN J HURLEY 271183 0 0 0 18426 0 0 0 49518 0 339127 0 0 0 DR RICHARD WALL 163888 0 0 0 0 0 0 0 61404 0 225292 0 0 0 MR PATRICK RICHEY 164458 0 0 0 0 0 105916 0 26429 0 296803 0 0 0 MR CRAIG CHINDEMI 148240 0 0 0 190 0 0 0 29881 0 178311 0 0 0 DR ELLEN CONLEY 153072 0 0 0 0 0 0 0 17945 0 171017 0 0 0 ANTONE ALBER 188798 0 0 0 247 0 0 0 33628 0 222673 0 0 0 JOSEPH O'DONNELL 172689 0 0 0 0 0 0 0 35400 0 208089 0 0 0 IAN REDPATH 165761 0 0 0 0 0 0 0 24333 0 190094 0 0 0 GEORGE PALUMBO 157760 0 0 0 0 0 0 0 23779 0 181539 0 0 0 EDWARD GRESS 145678 0 0 0 0 0 0 0 25503 0 171181 0 0 0 PART I, LINE 1A THE COLLEGE PAID FOR HEALTH AND SOCIAL CLUB DUES OR COUNTRY CLUB DUES FOR THREE OF THE OFFICERS/HIGHEST COMPENSATED EMPLOYEES LISTED IN PART VII. CANISIUS WILL ONLY REIMBURSE A BUSINESS EXPENSE WHEN ALL THREE OF THE FOLLOWING IRS REQUIREMENTS ARE MET: 1) THE EXPENSE MUST HAVE A BUSINESS CONNECTION (I.E., THE EXPENSES MUST BE INCURRED WHILE PERFORMING SERVICES ON BEHALF OF THE COLLEGE) 2) THE EXPENSE MUST BE ADEQUATELY SUBSTANTIATED BY THE EMPLOYEE WITHIN A REASONABLE PERIOD OF TIME; AND 3) THE EMPLOYEE MUST RETURN ANY EXCESS REIMBURSEMENT OF ALLOWANCE WITHIN A REASONABLE PERIOD OF TIME. A PORTION OF THESE DUES WERE TAXABLE BASED ON THE PERCENTAGE OF NON-BUSINESS TO BUSINESS USE FOR EACH EMPLOYEE. THE COLLEGE "GROSSED UP" THE APPLICABLE NON-BUSINESS EXPENSES AND INCLUDED IN THE EMPLOYEES' W-2 AS ADDITIONAL TAXABLE COMPENSATION. A DORMITORY AUTHORITY OF THE STATE OF NEW YORK 146000293 64983TCQ4 2004-03-04 28548460 NEW DORM BONDS 0 0 0 B DORMITORY AUTHORITY OF THE STATE OF NEW YORK 146000293 64983QCU1 2005-04-26 24788408 REFUND BONDS ISSUED 12/21/1995 0 0 0 C BUFFALO AND ERIE COUNTY INDUSTRIAL LAND DEVELOPMENT CORPORATION 222413596 NONEAVAIL 2010-12-29 16000000 CONSTRUCT AND EQUIP FACILITY 0 0 0 D DORMITORY AUTHORITY OF THE STATE OF NEW YORK 146000293 NONEAVAIL 2012-11-09 15162925 REFUND BONDS ISSUED 12/28/2000 0 0 0 A 4515000 28873113 1985988 384381 896521 1628319 23576363 401541 2005 0 1 0 1 B 7585000 24788408 312199 641000 281770 23553438 1 0 1 1 C 16000000 271178 15728822 2012 0 0 0 1 D 15162925 303258 76326 14783341 1 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 0 C 0 0 0 0 0.00000 0.00000 0.00000 0 0 0 A 0 0 0 1 0 0 0 0 0 B 0 0 0 1 0 0 0 0 0 C 0 1 0 0 1 0 0 0 0 D 0 1 0 0 1 1 M&T TRUST COMPANY 10.000000000000 0 0 0 0 0 A 0 B 0 C 0 D 0 PARTS I AND II, COLUMN A: DIFFERENCES BETWEEN THE ISSUE PRICE (PART I) AND TOTAL PROCEEDS (PART II, LINE 3) ARE DUE TO INVESTMENT EARNINGS. PART II, COLUMN A, LINES 3 - 12: CERTAIN OF THE NUMBERS IN PART II, LINES 3 THROUGH 12 HAVE BEEN ESTIMATED WITH RESPECT TO THE 2004 DASNY BONDS. DASNY INVESTS BOND PROCEEDS ON BEHALF OF CONDUIT BORROWERS, SO THE COLLEGE LACKS FIRSTHAND KNOWLEDGE OF CERTAIN AMOUNTS. THE COLLEGE IS ATTEMPTING TO LOCATE MORE PRECISE INFORMATION FOR FUTURE REPORTING. PART IV, LINE 2C, COLUMN A: THE COLLEGE DOES NOT CURRENTLY HAVE COPIES OF THE REPORTS IN QUESTION, AND IS ANSWERING HERE TO THE BEST OF ITS KNOWLEDGE AND BELIEF. DASNY INVESTS BOND PROCEEDS AND HANDLES ARBITRAGE COMPLIANCE ON BEHALF OF CONDUIT BORROWERS. PART IV, LINE 2C, COLUMN B: THE COLLEGE DOES NOT CURRENTLY HAVE COPIES OF THE REPORTS IN QUESTION, AND IS ANSWERING HERE TO THE BEST OF ITS KNOWLEDGE AND BELIEF. DASNY INVESTS BOND PROCEEDS AND HANDLES ARBITRAGE COMPLIANCE ON BEHALF OF CONDUIT BORROWERS. ADPRO SPORTS SEE PART V 256711 SEE PART V 0 PART IV, BUSINESS TRANSACTIONS INVOLVING INTERESTED PERSONS: (A) NAME OF PERSON: ADPRO SPORTS(B) RELATIONSHIP BETWEEN INTERESTED PERSON AND THE ORGANIZATION: RONALD RACCHUIA (TRUSTEE) IS THE OWNER OF ADPRO SPORTS.(D) DESCRIPTION OF TRANSACTION: SALES OF ATHLETIC APPAREL. X 2642 COST X GIFT CARDS 22 5279 COST X SPORTS EVENTS 12 7873 COST X HOTEL PACKAGES 14 10827 COST X MISCELLANEOUS 9 91150 COST 0 0 0 0 METHOD FOR DETERMINING NUMBER OF CONTRIBUTIONS: PART I, COLUMN (B): THE NUMBER REPORTED IN COLUMN (B) REPRESENTS THE NUMBER OF CONTRIBUTIONS. FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 IS REVIEWED BY THE VICE PRESIDENT AND HIS STAFF BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C EMPLOYEES MUST SUBMIT A WRITTEN FORM ANNUALLY THAT IS REVIEWED BY THE SECRETARY OF THE BOARD OF TRUSTEES AND ANY CONFLICTS OF INTEREST ARE DISCUSSED WITH EMPLOYEE. FORM 990, PART VI, SECTION B, LINE 15 IN DETERMINING COMPENSATION OF THE ORGANIZATION'S TOP MANAGEMENT OFFICIAL, THE PROCESS INCLUDES HIRING AN INDEPENDENT CONSULTING FIRM, WHO PROVIDES MARKET SURVEYS AND BENCHMARKING TO HELP ASSIST IN THE DECISION MAKING PROCESS. THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES REVIEWS AND APPROVES THE FINAL COMPENSATION AMOUNTS. IN DETERMINING COMPENSATION LEVELS OF OTHER KEY EMPLOYEES, THE COLLEGE LOOKS AT MARKET SURVEYS AND BENCHMARKS FROM OTHER AJCU SCHOOLS. THE PRESIDENT DETERMINES THE APPROPRIATE COMPENSATION LEVEL AND REVIEWS IT WITH THE BOARD. FORM 990, PART VI, SECTION C, LINE 19 THE COLLEGE'S FORM 990 IS AVAILABLE ON GUIDESTAR.ORG AND UPON REQUEST. THE GOVERNING DOCUMENTS, FINANCIAL INFORMATION AND OTHER DOCUMENTS OPEN FOR PUBLIC DISCLOSURE ARE AVAILABLE UPON REQUEST.