2014-02-07T17:09:52-07:00 2013-05-31 743118183 Drescher & Malecki LLP 3083 William St Cheektowaga NY 14227 990 2012-06-01 160759798 Daemen College DAEM 7168398218 4380 Main Street Amherst NY 142263592 Robert Beiswanger Jr 7168398218 2014-02-10 1 Thomas Malecki P01383984 7165652299 2014-01-17 2012 2015-11-30 17:44:51Z Dr Gary A Olson Daemen College 4380 Main Street Amherst NY 14226 66627739 0 X www.daemen.edu X 1947 NY Education - private, independent college. 30 29 1688 90 0 0 3713082 4125885 57226179 60160420 617384 1577625 591483 763809 62148128 66627739 18294692 20441488 0 0 27306006 28433251 25100 51719 596724 18291623 15392694 63917421 64319152 -1769293 2308587 81470680 83195227 50100737 46616094 31369943 36579133 Private, independent college providing higher education to students. 0 0 58922091 20441488 62501854 See above. 0 0 0 58922091 1 1 0 0 0 0 0 0 1 1 1 0 0 0 1 0 1 0 1 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 1 0 0 0 1 143 0 1 1688 1 0 0 0 0 0 1 1 0 0 0 0 X 30 29 0 0 0 0 0 0 0 1 1 0 1 1 1 1 1 1 1 0 1 0 1 0 X Robert C Beiswanger Jr 7168398218 4380 Main Street Amherst NY 142263592 Dale Demyanick 0.8 X 0 0 0 Thomas Brydges 0.8 X 0 0 0 Caroline Buerk 0.8 X 0 0 0 Audre Bunis 0.4 X 0 0 0 Catherine LePage-Campbell 0.4 X 0 0 0 Kevin M Carter 0.4 0 X 0 0 0 Robert Chur 0.4 X 0 0 0 Jed Dietrich 0.4 X 0 0 0 Kristin M Fries 40 0 X 65545 0 67018 Barbara Howe 0.4 X 0 0 0 Peter Hunt 0.4 X 0 0 0 Donald Hutton 0.4 X 0 0 0 Roy Innis 0.4 X 0 0 0 Dr Hratch Karamanoukian 0.4 X 0 0 0 Kathryn Karlic 0.4 X 0 0 0 Seymour H Knox 0.4 X 0 0 0 Dr Jeffrey Meilman 0.4 X 0 0 0 Lynn Milane 0.4 X 0 0 0 Sr Dorothy Mueller 0.4 X 0 0 0 Gregory Oehler 0.4 X 0 0 0 Thomas Reynolds 0.4 X 0 0 0 Dr Thomas Stewart 0.4 X 0 0 0 Connie Vari 0.4 X 0 0 0 D Scott N Warman 0.4 X 0 0 0 Jeffrey Wellington 0.4 0 X 0 0 0 Sr Edith Wyss 0.4 X 0 0 0 Wayne Wisbaum 0.4 X 0 0 0 Brenda Young 0.4 X 0 0 0 Dr Gary Olson 40 0 X X 0 0 0 Dr Michael Brogan 40 0 X 118516 0 23822 Robert Beiswanger Jr 40 0 X 142590 0 27287 Dr David Cristantello 40 0 X 122127 0 30054 Dr Richanne Mankey 40 0 X 130507 0 24750 Dr Patricia Brown 40 0 X 116147 0 24905 Michael Looker 40 0 X 95369 0 23351 Dr Mary Lou Rusin 40 0 X 157632 0 19882 Diane Ryan 40 0 X 130415 0 24941 Dr Gregg Shutts 40 0 X 119390 0 23904 George Siefert Jr 40 0 X 117486 0 21804 Lynda Cessario 40 0 X 117545 0 14106 Dr Martin J Anisman 0 0 X 128735 0 15106 Edwin Clausen 0 0 X 198385 0 65196 1760389 0 406126 23 1 1 0 James Girard 42 Pine Woods Ave Tonawanda NY 14150 painting and construction 120554 Jaeckle Fleischmann & Mugel Avant Building Suite 900 Buffalo NY 14202 Legal services 105462 Tri Main Development LLC 2495 Main Street Buffalo NY 14214 Property managment 142595 4 0 0 152688 0 2372937 1600260 140959 4125885 Tuition and Fees 611310 52471834 52471834 0 0 Sales & service of auxiliary enterprise 611710 7688586 7688586 0 0 0 0 0 0 60160420 498940 498940 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1078685 0 0 0 1078685 0 1078685 1078685 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Bookstore/Food Commissions 900099 156389 156389 0 0 Student Activities Revenue 900099 100585 100585 0 0 Overhead Recoveries 900099 97868 97868 0 0 408967 408967 0 0 763809 66627739 62501854 0 0 0 0 20441488 20441488 0 0 0 0 1294383 151763 984922 157698 0 0 0 0 20556287 18750173 1574872 231242 1035350 894073 122844 18433 3924027 3595397 300630 28000 1623204 1408629 186516 28059 0 0 0 0 109927 0 109927 0 36525 0 36525 0 0 0 0 0 51719 51719 102506 0 102506 0 402334 345751 52983 3600 273493 273493 0 0 2207006 1763783 402382 40841 512619 354764 157855 0 1749 1749 0 0 2955105 2892255 62850 0 1035523 874397 134112 27014 0 0 0 0 35286 35286 0 0 1775364 1775364 0 0 0 0 0 0 2387442 2387442 0 0 191218 81105 110113 Food service - students 1167797 1167797 0 0 Resident Assistants 210467 210467 0 0 Direct Mail Services 154676 154676 0 0 1833657 1362239 461300 10118 64319152 58922091 4800337 596724 2450764 1062883 10161326 11619977 753673 721022 1182176 1528752 0 0 0 0 2993395 2929710 0 0 356634 303298 86561134 40357541 46524538 46203593 10982244 12872660 3209387 3247134 0 0 2856543 2706198 0 81470680 83195227 790614 538814 0 0 1615873 1720931 34295000 33330000 559338 405510 0 0 0 0 0 0 12839912 10620839 50100737 46616094 X 26340923 31059005 4877390 5354479 151630 165649 31369943 36579133 81470680 83195227 2308587 2900603 0 0 0 0 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 559338 219161 372989 405510 1 X 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 6363522 105924 -1299306 6250 0 43877 5120013 0.6 0.02 0.38 1 0 0 983678 983678 0 58463962 17715183 40748779 0 390998 156399 234599 0 15128425 14427577 700848 0 11594071 8058382 3535689 46203593 Funds held by bond trustees 3247134 F 3247134 Accrued Salaries, wages and pension 2118498 Accrued Interest 114834 Post employment benefits payable 102688 U.S. government advances 949806 Derivative liability 7335013 10620839 69387383 603859 0 0 2296744 2900603 66486780 0 140959 140959 66627739 64178193 0 0 0 0 0 64178193 0 140959 140959 64319152 SchD_P04_S00_L01b Schedule D, Part IV, Line 1b The College performs administrative functions for three agencies. The amounts reported represent the assets the College has fiduciary duties to maintain and control. SchD_P04_S00_L02b 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. SchD_P05_S00_L04 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. SchD_P11_S00_L02d Schedule D, Part XI, Line 2d Represents change in value of derivative instrument. SchD_P11_S00_L04b Schedule D, Part XI, Line 4b Amount represents the value of non cash contributions not reported on the financial statements. SchD_P12_S00_L04b Schedule D, Part XII, Line 4b Non cash contributions expended were not included on the financial statements. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SchE_P01_S00_L03 Schedule E, Part I, Line 3 The policy is communicated through the website, student and employee handbooks, print ads, and broadcast media. SchE_P01_S00_L06 Schedule E, Part I, Line 6 The College receives aid from New York State including: Bundy Aid, Higher Education Opportunity Grant, Library Grant, TLQP Research Grant, and DASNY HeCap Grant. The College also receives aid from the U.S. Government including: U.S. Department of Education Title III and Title IV Programs, Department of Health and human Services Nursing Grants, FIPSE-NAMP, Burn Analysis Grant, and Department of Energy Grant. X X X X X X X 1 RuffaloCODY PO Box 3018 Cedar Rapids IA 52406 Consults on email and phone campaigns 0 44516 23442 21074 44516 23442 21074 All States Golf Tournament 58769 0 58769 0 0 22969 5308 0 0 Annual fund 93919 0 93919 0 0 0 0 0 0 0 152688 0 152688 0 0 22969 5308 0 0 28277 124411 1 Student financial aid grants 2356 20441488 0 Book SchI_P01_S00_L02 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 128735 0 0 0 0 0 0 0 15106 0 143841 0 0 Edwin Clausen 182854 0 0 0 15531 0 15531 0 49665 0 263581 0 0 Robert Beiswanger Jr 122518 0 0 0 20072 0 11574 0 15712 0 169876 0 0 Dr Mary Lou Rusin 140379 0 0 0 17253 0 11922 0 7960 0 177514 0 0 Dr David Cristantello 115916 0 0 0 6211 0 9937 0 20117 0 152181 0 0 SchJ_P01_S00_L01a Schedule J, Part I, Line 1a The President of the College receives a housing allowance. SchJ_P01_S00_L03 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. SchJ_P01_S00_L04 Schedule J, Part I, Line 4 Dr. Edwin Clausen retired as president of Daemen College on 1.31.13. His severance package included $163,333 in salary to be paid through 5.21.2014. His dependent, is entitled to dependent tuition benefits through the fall of 2014, estimated to be valued at $42,225. 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 3275000 18275654 20925000 1436398 0 0 434918 637393 0 0 140637 0 2006 0 1 1 1 B 1530000 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 SchK_P04_S00_L02c Schedule K, Part IV, Line 2c No rebate due for 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 6/30/2006 through October 3, 2011. The next rebated installment payment will be due not later than December 2, 2016, 60 days after October 3, 2016. Thomas Brydges Trustee of the College 139667 legal services 0 F990_P06_S0B_L11b Form 990, Part VI, Section B, Line 11b The Form 990 is reviewed by the Board of Trustees prior to filing. F990_P06_S0B_L12c 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. F990_P06_S0B_L14 Form 990, Part VI, Section B, Line 14 On September 13, 2013, the College approved a written document retention and destruction policy. F990_P06_S0B_L15 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. F990_P06_S0C_L19 Form 990, Part VI, Section C, Line 19 Copies of 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 1133 1 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 to file Form 990 in order to allow the Audit Committee and the Board of Directors sufficient time to review the form.