2014-05-09T14:02:24-07:00 2013-06-30 990 2012-07-01 160743088 NAZARETH COLLEGE OF ROCHESTER NAZA 5853892525 4245 East Avenue Rochester NY 146183790 Patrick E Richey 5853892021 2014-05-09 2012 2015-11-30 17:44:51Z Daan Braveman 4245 East Avenue Rochester NY 14618 97949845 0 X www.naz.edu X 1924 NY Nazareth College of Rochester is a coeducational, independent college that challenges students to rise to their potential with a liberal arts and sciences foundation, professional programs, experiential learning, and an innovative curriculum that addresses the current and emerging needs of the world. 32 29 2245 216 79375 45824 8738703 5607734 85616729 86861297 2712912 1334268 1471503 1627559 98539847 95430858 20936645 21506567 0 0 41596849 41378881 90533 89196 1466629 33561672 29731086 96185699 92705730 2354148 2725128 222539958 225239634 78315258 72100715 144224700 153138919 The mission of Nazareth College is to provide a learning community that educates students in the liberal arts, sciences, visual and performing arts, and professional fields, fostering commitment to a life informed by intellectual, ethical, spiritual, and aesthetic values; to develop skills necessary for the pursuit of meaningful careers; and to inspire dedication to the ideal of service to their communities. Nazareth seeks students who want to make a difference in their own world and the world around them, and encourages them to develop the understanding, commitment, and confidence to lead fully informed and actively engaged lives. 0 0 30640486 0 72747330 Higher Education Instruction - Reflects expenses directly relating to the delivery of quality instructional programs at the undergraduate, graduate and continuing education levels. Programs of study are delivered through the College of Arts and Sciences, and Schools of Education, Management and Health and Human Services. (2662 Total Student FTE's) 21505720 0 0 Scholarship Programs: Scholarships and Grants - Reflects the competitive scholarships, need based aid, and Higher Education Opportunity grants awarded to students in order to make the total cost of attendance more affordable. (2662 Total Student FTE's) 13205365 0 13671761 Auxiliary Enterprises - Pertains to the operations of the institution that exist to furnish a service to students, faculty, or staff, and that charge a fee that is directly related to, although not necessarily equal to, the cost of the service. Auxiliary enterprises are managed as essentially self-supporting activities. Examples are residence halls, food services, and student health services. (2662 Total Student FTE's) 15657360 0 442506 All other program expenses, includes Student Services, Academic Support and Arts Center. Student Services pertains to offices serving students including Registrar, Student Development, Center for Civic Engagement, Career Services, Enrollment Management and Center for Student Success. Athletic expenses are also reflected in this category. Academic support pertains to library services, Academic Advisement, the Center for International Education and the offices of the deans, among others. The Arts Center is a premier presenter of world-class dance, children's theatre, and international entertainment. The Arts Center houses the College's departments of Art, Music, and Theatre Arts. (2662 Total Student FTE's) 15657360 0 442506 81008931 1 1 0 1 0 0 0 0 0 1 1 1 0 0 1 1 1 0 1 1 1 0 1 1 1 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 X 4254 0 1 2245 1 1 1 1 FR SP 0 0 0 1 1 1 0 0 0 0 X 32 29 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 1 1 0 X X Patrick E Richey 5853892021 4245 East Avenue Rochester NY 14618 Jackie Aab 2 0 X 0 0 0 Susan Acker 2 0 X 0 0 0 Jack Allocco 2 0 X 0 0 0 Jeffrey L Burke 2 0 X 0 0 0 Stephen Brown 2 0 X 0 0 0 James Costanza 5 0 X 0 0 0 Lauren Dixon 2 0 X 0 0 0 John Drain 2 0 X 0 0 0 Steve Dubnik 2 0 X 0 0 0 Emil Duda 2 0 X 0 0 0 Sergio Esteban 2 0 X 0 0 0 Timothy Fournier 2 0 X 0 0 0 Andrew R Gallina 2 0 X 0 0 0 Jane L Glazer 2 0 X 0 0 0 Warren Hern 2 0 X 0 0 0 Brian Hickey 2 0 X 0 0 0 Bridgette Hobart 2 0 X 0 0 0 Thomas Ioele 2 0 X 0 0 0 Richard Kaplan 2 0 X 0 0 0 Don H Kollmorgen 2 0 X 0 0 0 Laurie Leo 2 0 X 0 0 0 Cynthia Reddeck - Lidestri 2 0 X 0 0 0 Judy Wilmot Linehan 2 0 X 0 0 0 Elizabeth McAnarney 2 0 X 0 0 0 Kim McCluski 2 0 X 0 0 0 Mary Louise Mitchell SSJ 2 0 X 0 0 0 Robert Morgan 2 0 X 0 0 0 Stephen D Natapow 2 0 X 0 0 0 Larry Peckham 2 0 X 0 0 0 Richard Pierpont 2 0 X 0 0 0 Nancy Sands 2 0 X 0 0 0 James P Sessler 2 0 X 0 0 0 Lori VanDusen 2 0 X 0 0 0 David Vigren 2 0 X 0 0 0 Steve Whitman 2 0 X 0 0 0 Thomas Wilmot Sr 2 0 X 0 0 0 Keith Wilson 2 0 X 0 0 0 Frank York 2 0 X 0 0 0 Daan Braveman 50 0 X X 379675 0 57045 Sara Varhus 50 0 X 185077 0 19222 Margaret Cass Ferber 50 0 X 185835 0 19478 Thomas K DaRin 50 0 X 151766 0 15606 Kelly Gagan 50 0 X 156127 0 16661 Kevin Worthen 50 0 X 117889 0 17484 Deborah Dooley 50 0 X 116999 0 16509 Jo Ellen Pinkham 50 0 X 118891 0 11376 Shirley Szekeres 50 0 X 113196 0 19219 Timothy Glander 50 0 X 110252 0 18703 Jennifer Collins 50 0 X 111011 0 17922 1746718 0 229225 52 0 1 0 LeChase Construction LLC 300 Trolley Blvd Rochester NY 14606 Construction Contractor 14033151 Chartwells Dining Services 91337 Collections Dr Chicago IL 60693 Food Service- Includes the price of food as it is not separately invoiced 3892759 Sodexo Inc 220 Washington Ave Ext Albany NY 12203 Facilities Management 2969254 Building Services Group 465 Blossom Rd Rochester NY 14610 Building Contractor 325051 Stantec Architecture Inc 13980 Collections Center Drive Chicago IL 60693 Professional Architects 285048 12 0 0 7490 0 2230308 3369936 1633060 5607734 Tuition & Fees 611310 72747330 72747330 0 0 Room & Board 611310 13671461 0 0 13671461 Public Services 611310 442506 0 23393 419113 0 0 0 0 86861297 919362 0 0 919362 0 0 0 0 0 0 0 0 120675 0 0 0 120675 0 120675 0 0 120675 2914917 0 2481228 18783 433689 -18783 414906 0 0 414906 32240 7490 18976 13264 0 13264 Child Care Center, Health Center Fees, Parking Fees 611710 571178 0 0 571178 Commissions 900099 143469 0 0 143469 Overhead Reimbursement 900099 16652 0 0 16652 762321 0 55982 706339 1493620 95430858 72747330 79375 16996419 0 0 21142965 21142965 363602 363602 0 0 1276835 511520 543143 222172 31218226 26868667 3778736 570823 2211333 1913601 259542 38190 4113792 3484954 534715 94123 2558695 2160495 337212 60988 0 0 0 0 152903 0 152903 0 105289 0 105289 0 0 0 0 0 89196 89196 262018 0 262018 0 702779 512780 189999 0 733074 474885 258189 0 4705975 3632904 990806 82265 1153114 184366 965070 3678 0 0 0 0 5394711 4963134 366840 64737 548425 491006 42585 14834 0 0 0 0 194761 153902 32811 8048 2242200 2062824 152470 26906 0 0 0 0 7405413 6812980 503568 88865 572042 549140 22902 0 Food Service 3787267 3641057 111003 35207 Other Expenses 770436 115861 592586 61989 Academic Course Waivers 619580 587189 27783 4608 Study Abroad Expenses 381099 381099 0 0 92705730 81008931 10230170 1466629 2800000 22455069 24183349 6172620 4191179 2500295 2534756 0 0 0 0 1716986 1611281 0 0 597132 835502 212077672 83879010 130480371 128198662 33450196 37740790 21200704 19784593 3966585 3359522 222539958 225239634 11361766 8491031 0 0 1585911 1648132 50281050 49223075 0 0 0 0 0 0 0 0 15086531 12738477 78315258 72100715 X 116851521 124802757 12263265 12852272 15109914 15483890 144224700 153138919 222539958 225239634 X 2725128 5372243 0 0 0 816848 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 0 0 0 0 1 2428 1 523 0 2951 0 SchC_P2B_S00_L01 Schedule C, Part II-B, Line 1 The College is a member of a regional chamber of commerce whereas 10% of their activities engage in state and federal lobbying. In addition, the President as well as an additional staff member averaged 22 hours in fiscal year 2013 engaged in lobbying activities for the College. These activities included phone conversations and meetings with legislators and other government officials, seeking federal and state aid for Nazareth College initiatives. 55593630 617485 6385901 664408 2073620 0 59858988 56885668 1422126 280725 534199 2058289 402401 55593630 48786820 696942 10285855 669252 2214697 0 56885668 45613341 437160 5483328 537847 1996424 212738 48786820 60534230 715509 -12623894 693209 2289608 29687 45613341 0.6548 0.3452 0 0 0 8232974 0 8232974 95545686 0 30099177 65446509 0 0 0 0 39628954 0 26368715 13260239 68670058 0 27411118 41258940 128198662 14772247 F 5012346 F 19784593 Accrued Post Retirement Benefit Obligation 9465982 Asset Retirement Obligation 1917212 Government Loan Program Refundable Advances 1355283 12738477 X 79073122 5372243 0 0 -21505720 -16133477 95206599 262018 -37759 224259 95430858 70980217 0 0 0 42225 42225 70937992 0 21767738 21767738 92705730 SchD_P05_S00_L04 Schedule D, Part V, Line 4 The spending from assets held for endowment and similar purposes are used to support the College's operating budget, academic programs, and provide scholarships. SchD_P10_S00_L02 Schedule D, Part X, Line 2 The Internal Revenue Service has determined and informed the College by a letter dated June 8, 1973 that the College is generally exempt from tax on related income, under Section 501 (a) of the Internal Revenue Code as an organization described in Section 501 (c)(3). Management does not believe that any circumstances arising after the date of the Internal Revenue Service determination letter will affect the tax exempt status of the College. The College recognizes the effect of income tax provisions 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 realized. Changes in recognition or measurement are reflected in the period in which the change in judgment occurs. The College believes it has no significant uncertain tax positions. SchD_P11_S00_L02d Schedule D, Part XI, Line 2d This amount represents the amount of scholarships and grants awarded to Nazareth students. SchD_P11_S00_L04b Schedule D, Part XI, Line 4b This amount represents loss on disposal of $18,783 and direct fundraising expenses of $18,976. SchD_P12_S00_L02d Schedule D, Part XII, Line 2d This amount represents loss on disposal of $18,783, direct fundraising expenses of $18,976 and the change in charitable annuities of $4,466. SchD_P12_S00_L04b Schedule D, Part XII, Line 4b This amount represents scholarships and grants of $21,505,720 and investment fees of $262,018. 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 A "Notice of Non-Discriminatory Policy as to Students" was published in the daily newspaper published in the city of Rochester on October 01, 2012. This notice described the College's non-discriminatory policy and stated that any questions regarding the application of the policy should be directed to the Human Resources department at the College. SchE_P01_S00_L06 Schedule E, Part I, Line 6 The College receives funding from the US Department of Education for the Federal Supplemental Educational Opportunity Grant, Federal Work Study, Federal Pell Grant Program, Academic Competitive Grants, and TEACH Grants. New York State funds various programs such as: Higher Educational Opportunity Program, Teachers Opportunity Corp., Eisenhower Grant, NYS TAP, NYS Excellence, and NYS Lottery and State appropriations in the form of Bundy Aid and High Needs Nursing Aid. 1 Middle East and North Africa 0 1 Program Services Graduate Tuition Assistantship 9216 East Asia and the Pacific 0 1 Program Services Graduate Tuition Assistantship 2304 East Asia and the Pacific 0 7 Grantmaking Awarded Financial Aid 103123 Europe (including Iceland and Greenland) 0 7 Grantmaking Awarded Financial Aid 85842 Middle East and North Africa 0 3 Grantmaking Awarded Financial Aid 55996 North America (including Canada and Mexico, but not the United States) 0 3 Grantmaking Awarded Financial Aid 26500 South America 0 1 Grantmaking Awarded Financial Aid 18249 South Asia 0 4 Grantmaking Awarded Financial Aid 39392 Sub-Saharan Africa 0 2 Grantmaking Awarded Financial Aid 28000 Russia and the newly independent States 0 1 Grantmaking Awarded Financial Aid 6500 0 30 375122 Financial Aid East Asia and the Pacific 7 103123 Credit on the students' tuition bill 0 Fair Market Value Financial Aid Europe (including Iceland and Greenland) 7 85842 Credit on the students' tuition bill 0 Fair Market Value Financial Aid Middle East and North Africa 3 55996 Credit on the students' tuition bill 0 Fair Market Value Financial Aid South Asia 4 39392 Credit on the students' tuition bill 0 Fair Market Value Financial Aid South America 1 18249 Credit on the students' tuition bill 0 Fair Market Value Financial Aid North America (including Canada and Mexico, but not the United States) 3 26500 Credit on the students' tuition bill 0 Fair Market Value Financial Aid Sub-Saharan Africa 2 28000 Credit on the students' tuition bill 0 Fair Market Value Financial Aid Russia and the newly independent States 1 6500 Credit on the students' tuition bill 0 Fair Market Value 0 0 0 0 0 0 SchF_P01_S00_L02 Schedule F, Part I, Line 2 The international students receiving scholarships are coded in the College's software system. A report listing each of these students was printed from the College's software system. X X X X X X X 1 The Solstice Group 120 Brindley St Ste 7 Ithaca NY 14850 Campaign Consultant 0 0 22580 -22580 RuffaloCODY PO Box 3018 Cedar Rapids IA 52406 Managed the college phonathon solicitations. 0 0 66616 -66616 0 89196 -89196 NY Golden Flyer Alumni Golf Tournament 26210 3274 22936 0 0 6249 4547 0 352 School of Management Golf Tournament 13520 4216 9304 340 196 3800 3199 0 293 0 39730 7490 32240 340 196 10049 7746 0 645 18976 13264 1 Competitive Scholarships 1975 15442169 Grants in Aid 1803 4504350 Higher Educational Opportunity Program 53 1196446 SchI_P01_S00_L02 Schedule I, Part I, Line 2 All College scholarships and grants awarded through the financial aid process are recorded as credits on the students' bill. These awards help to offset the cost of tuition, fees, and room and board for the students. The scholarship and grants are tracked in the College's software system. X X X 1 1 X X X X 0 0 0 0 0 0 0 0 0 Daan Braveman 289780 0 0 0 89895 0 49768 0 7277 0 436720 0 0 0 Margaret Cass Ferber 184875 0 0 0 960 0 18505 0 973 0 205313 0 0 0 Sara Varhus 184117 0 0 0 960 0 18249 0 973 0 204299 0 0 0 Kelly Gagan 155167 0 0 0 960 0 15688 0 973 0 172788 0 0 0 Thomas K DaRin 145866 0 0 0 5900 0 14633 0 973 0 167372 0 0 0 SchJ_P01_S00_L01a Schedule J, Part I, Line 1a In compliance with Board policy requiring justification for business purpose of expenditures, the College President was provided with travel for his wife in the amount of $995. The President also received a housing allowance in the amount of $55,008 and gross-up payments in the amount of $988 related to the statutory benefit obligations. SchJ_P01_S00_L03 Schedule J, Part I, Line 3 The Compensation Sub-Committee, a sub-committee of the Executive Committee of the Board of Trustees, meets annually to review the President's performance as compared to the goals set forth for him from the previous fiscal year. As needed, the Sub-Committee engages an independent consultant to provide competitive market data from comparable institutions and to recommend changes to the President's base salary level and/or benefits offerings. The Compensation Sub-Committee's recommendations are submitted to the Executive Committee for review and endorsement. Once approved by the Executive Committee, the recommendations are considered and voted on by the full Board of Trustees in executive session. A Monroe County Industrial Development Corporation 510188852 61075TBE7 2011-08-04 23765000 New construction of a building and refinancing of 2004B Bonds 0 0 0 B County of Monroe Industrial Development Agency 161005429 610752EK9 2008-01-30 9030000 To finance construction of a building and site improvements 0 0 0 C Monroe County Industrial Development Corporation 510188852 61075TEZ7 2013-06-13 13905000 Refinancing of Series 2001 1 0 0 A 1310000 0 23542430 1019869 931722 5925000 325743 0 0 15000000 340096 0 2012 0 0 1 1 B 975000 0 9030000 0 0 0 335820 0 0 8567632 126548 0 2009 0 0 1 1 C 0 0 14636857 0 0 14193725 442613 0 0 0 519 0 2013 1 0 0 1 A 0 0 0 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 0 0 0 C 0 0 0 0 0 0 0 0 0 0 A 0 0 1 0 0 0 0 0 0 B 0 0 1 0 1 1 JP Morgan Chase Bank 30 0 0 0 0 0 C 0 0 1 0 0 0 0 0 0 A 0 B 0 C 0 SchK_P03_S00_L03a Schedule K, Part III, Line 3a In reference to this specific financed property, no agreements exist that would warrant the need to engage counsel. SchK_P05_S00_L00 Schedule K, Part V Currently, the college does not have a written policy in place. However, as of the date of this filing, the finance team is drafting a policy which addresses this need. Brian Hickey Trustee/Executive Vice President of M&T Bank 3480557 The College uses M&T Bank for both investment and operating 0 Emil Duda Trustee/Retired CFO of Excellus, Blue Cross Blue Shield 2293542 Following a competitive bid process, Excellus was selected as the health insurance carrier for Nazareth College faculty and staff for 2013. 0 X 19 1621060 FMV X Pledges 2 12000 FMV 1 1 1 1 SchM_P01_S00_L30b Schedule M, Part I, Line 30b In the Fall of 2012, Nazareth College equestrian team received two horse donations from Nazareth community members valued at $47,000. The College also received various equipment and library books from community members valued at $59,570. SchM_P01_S00_L32b Schedule M, Part I, Line 32b The Solstice Group was retained by Nazareth College starting in 2006 to do the preliminary study for the college's comprehensive fundraising campaign. When the campaign started in 2007, they continued as the counsel for the campaign, lending direction, support, training etc. for the president, volunteers, and campaign & development staff. The College has an annual contract with them, and pays accordingly for services used. F990_P05_S00_L07d Form 990, Part V, Line 7d A horse valued at $4,500 was donated to the College in the fall of 2010. It was sold in May 2013 for an unrealized gain of $929. The College is in the process of filing the form 8282 necessary for this transaction. F990_P06_S0A_L01a Form 990, Part VI, Section A, Line 1a The Executive Committee composition consists of the Chair and Vice Chair of the Board of Trustees, the President of the College, and no fewer than two and no more than four Trustees elected by the Board of Trustees. The Executive Committee shall serve for a term of one year and until their successors are elected and qualified. All Committee members are on the governing board. Scope of Authority - The Committee shall have the power to act when the Board is not in session, and may exercise all the powers of the Board in all matters which in the judgment of the Executive Committee should not be delayed until the next meeting of the Board. The Executive Committee shall make a formal report of its actions, if any, to the Board at its next regular meeting. F990_P06_S0A_L02 Form 990, Part VI, Section A, Line 2 Judy Wilmot Linehan and Thomas Wilmot have a family relationship F990_P06_S0B_L11b Form 990, Part VI, Section B, Line 11b The Audit Committee, a sub-committee of the governing body, reviewed the 2012 Form 990 in detail prior to its filing. The minutes of the Audit Committee meeting summarized this review, and were distributed to all trustees. F990_P06_S0B_L12c Form 990, Part VI, Section B, Line 12c The College annually distributes the conflict of interest policy to the trustees, officers, the assistant secretary to the Board and the Secretary to the College. The information received is compiled, analyzed, maintained and monitored by the College's general counsel. All results are forwarded to the College's President, Vice President for Finance and Administration, and the Assistant Secretary to the Board. F990_P06_S0B_L14 Form 990, Part VI, Section B, Line 14 The College currently does not have an adopted document retention and destruction policy; however the finance staff has drafted a policy that is currently under review. F990_P06_S0B_L15 Form 990, Part VI, Section B, Line 15 The Compensation Sub-Committee, a sub-committee of the Executive Committee of the Board of Trustees, meets annually to review the President's performance as compared to the goals set forth for him from the previous fiscal year. In addition, the Sub-Committee's recommendations are submitted to the Executive Committee for review and endorsement. Once approved by the Executive Committee, the recommendations are considered and voted on by the full Board of Trustees in executive session. Compensation levels for the Vice Presidents of the College are determined annually by the President, with review and endorsement from the Executive Committee of the Board. Inputs include performance to annual goals, an overall assessment of significant contributions to and leadership of the College, as well as competitiveness of pay relative to comparable institutions. On a periodic basis, an independent consultant is engaged to review the compensation package for each Vice President, to provide competitive market information, and to recommend adjustments for consideration by the President and Executive Committee. F990_P06_S0C_L19 Form 990, Part VI, Section C, Line 19 The College makes its governing documents, conflict of interest policy, and financial statements available to the public upon request. F990_P11_S00_L09 Form 990, Part XI, Line 9 This amount represents the change in the charitable annuities, the unrealized gain on swap agreements and the change in the cash surrender values of life insurance policies.