2013-04-08T13:52:17-05:00 2012-05-31 KPMG LLP 515 Broadway 4th Floor Albany NY 122072974 990 2011-06-01 141338498 Siena College % PAUL STEC SIEN 5187832300 Route 9 Loudonville NY 12211 Paul Stec 2013-04-04 true 8602975596 2013-04-01 2011 2016-03-07 17:11:31Z PAUL STEC SIENA COLLEGE LOUDONVILLE NY 12211 149939632 false X www.siena.edu X 1937 NY SEE SCHEDULE O. 32 32 2647 100 674770 -186942 6813109 17156881 116809399 120977208 5647786 5785142 722115 628102 129992409 144547333 33305859 36344491 0 0 55941565 60023049 0 0 2848495 38692013 38002737 127939437 134370277 2052972 10177056 284167743 280622931 94853831 93813628 189313912 186809303 X SEE SCHEDULE O. false false 118970843 36344491 120977208 Siena College is a coeducational, independent, liberal arts college with a Franciscan and Catholic tradition. Founded in 1937 by seven Franciscan friars, it is located in Loudonville, New York, a suburban community just outside the state's capital. Siena is registered by the Board of Regents of the University of the State of New York. All programs are accredited by the Middle States Commission on Higher Education, and the School of Business is accredited by the Association to Advance Collegiate Schools of Business. In addition, the Chemistry program is certified by the American Chemical Society, the Social Work program is certified by the Council on Social Work Education, and the Education programs are accredited by the National Council for the Accreditation of Teacher Education. Siena's 3,194 undergraduates enroll in one of three schools - Liberal Arts, Science, and Business - and may choose to pursue study from a total of 23 departments with 27 majors and certificate programs, and professional curricula in Secondary Education, Pre-Law, and Social Work. 49 graduates have enrolled in the new Masters in Accounting program. On average, 150 students study abroad in a given year. Ninety-FOUR percent of Siena students enter graduate school or find employment immediately following graduation. Admission to the College is competitive. Of the 782 incoming members of the Class of 2015, 23 percent graduated in the top ten percent of their high school class and their average SAT score was 1140. Siena's freshman retention rate for the class entering in the fall of 2011 was 88 percent. 118970843 true true false true false false true false true true true false false true true true false true false true false true false true false false false true true true false false false false false false true false false false true false false false false true true true false false true 286 0 true 2647 true true true true UK false false false true true false false false false X 32 32 true false false false false false false true true false false true true true true false true true true false X PAUL STEC 5187832300 SIENA COLLEGE LOUDONVILLE NY 12211 Ronald E Bjorklund 1.0 X 0 0 0 J David Brown 1.0 X 0 0 0 Robert F Campbell 3.0 X 0 0 0 Judy Capano Michaelson 5.0 X 0 0 0 Br F Edward Coughlin ofm 2.0 X 0 0 0 Robert M Curley 3.0 X 0 0 0 Robert T Cushing 15.0 X 0 0 0 Susan Law Dake 3.0 X 0 0 0 Howard S Foote 6.0 X 0 0 0 Sr Violet T Grennan 3.0 X 0 0 0 Robert L Guido 4.0 X 0 0 0 Rev Kenneth R Himes OFM 1.0 X 0 0 0 Pamela McCarthy 2.0 X 0 0 0 Robert J McCormick 2.0 X 0 0 0 James J Morrell 5.0 X 0 0 0 Very Rev Kevin J Mullen OFM 40.0 X X 0 0 0 John F Murray 5.0 X 0 0 0 John J Nigro 1.3 X 0 0 0 Very Rev John F O Connor OFM 0.5 X 0 0 0 Walter A Osterman 2.0 X 0 0 0 Mark S Rose 6.0 X 0 0 0 Rev James P Scullion OFM 3.0 X 0 0 0 David M Stack 2.0 X 0 0 0 Christine L Standish 4.0 X 0 0 0 Nimmi M Trapasso MD 1.0 X 0 0 0 Dennis L Winger 3.0 X 0 0 0 Thomas L Amell 2.0 X 0 0 0 Douglas T Hickey 1.0 X 0 0 0 MICHAEL BUCCI 1.0 X 0 0 0 VIRGINIA L DARROW 1.0 X 0 0 0 KENNETH M RAYMOND JR 4.0 X 0 0 0 WILLIAM E REDMOND JR 1.0 X 0 0 0 David Smith 40.0 X 165653 0 35630 Linda Richardson 40.0 X 167276 0 24556 Paul Stec 40.0 X 166850 0 36495 Maryellen Gilroy 40.0 X 138064 0 19385 Edward Jones 40.0 X 124787 0 31054 Gina Castelli 40.0 X 151346 0 16730 MICHAEL Buonaguro 40.0 X 255944 0 53053 Jeffrey Mello 40.0 X 148571 0 29353 Eric Girard 40.0 X 127214 0 31250 Allan Weatherwax 40.0 X 147844 0 43416 1593549 0 320922 42 false true false SODEXHO 515 LOUDON RD LOUDONVILLE NY 12211 FOOD SERVICES 7921003 ELLUCIAN SUPPORT INC 14083 Collections Center Drive CHICAGO IL 60693 IT-Management Co 996536 ST PETERS HOSPITAL 315 S MANNING BLVD ALBANY NY 12208 HEALTH SERVICES 390225 KPMG 515 Broadway ALBANY NY 12207 Auditing Tax 225710 Joseph Kujawski 314 Trinacria Ct SCHENECTADY NY 12303 scientific consult 208903 7 162159 3629002 13365720 296551 17156881 TUITION FEES 86797898 86797898 ROOM & BOARD 28574237 28574237 STUDENT ACTIVITIES 749110 749110 LABORATORY FEES 1089060 1089060 OTHER STUDENT FEES 919277 919277 2847626 2847626 120977208 2009684 -516 2010200 0 0 139737 165110 -25373 -25373 3396 -28769 8803814 5028356 3775458 3775458 3775458 108595 162159 127010 -18415 -18415 0 86361 71823 14538 14538 ADVERTISING REV. 541800 260028 260028 SIENA RESEARCH INSTITUTE 900099 397324 397324 657352 144547333 120977208 674770 5738474 X 0 35288124 35288124 1056367 1056367 0 805274 455093 180840 169341 0 42670464 35280004 5798975 1591485 3237268 2660888 445266 131114 10035054 8248362 1380259 406433 3274989 2691894 450454 132641 5137 5137 68398 68398 222975 222975 392 392 0 146352 146352 1650737 1487785 125495 37457 233583 208491 22756 2336 0 395598 395598 0 2204965 2204965 2226839 2075302 86964 64573 0 0 2794037 2794037 0 6913554 6913554 872635 172829 699806 ENTERTAINMENT 800414 554520 65630 180264 PERIODICALS 250609 247503 3106 FOOD 6981395 6981395 SUPPLIES 4984697 3890894 1114524 -20721 7250420 5758836 1341118 150466 134370277 118970843 12550939 2848495 12596926 15540680 3000478 63808 2915347 8964610 2162253 3064438 0 0 0 0 3367346 3174550 0 0 2845148 3566891 190922553 78089866 112140668 112832687 37329214 37561816 101908235 90802268 0 0 0 0 5902128 5051183 284167743 280622931 11187047 11548900 0 0 3642392 3777856 60100452 56836801 0 0 0 0 0 0 0 0 19923940 21650071 94853831 93813628 X 126636307 119178316 4144397 7155846 58533208 60475141 189313912 186809303 284167743 280622931 X 10177056 -12681665 X false true true X true true X false false false RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false true false true 392 392 false false Part II-B, Questions 1g The College, the college's president (Father Kevin Mullen) and the Director of Government and Foundation Relations are registered lobbyists in New York State. Siena College is registered as a lobbyist in New York State in the unlikely event of incidental contact with elected or other government officials. No employee-related expense has been incurred in relation to lobbying activity since the college did not actively lobby during the fiscal period. Father Kevin Mullen, in accordance with the holy name province order of Friars minor (OFM), takes a vow of poverty and does not directly receive a salary. PART II-B, QUESTION 1i SIENA COLLEGE HAS AN INSTITUTIONAL MEMBERSHIP TO THE ALBANY-COLONIE REGIONAL CHAMBER OF COMMERCE. THE INVOICE FOR THIS MEMBERSHIP STATED THAT 7% OF THE MEMBERSHIP INVESTMENT IS ALLOCABLE FOR LOBBYING EXPENDITURES. 0 5634 X X X Teaching false 102249008 10324054 -7096740 2800690 102675632 88097451 1644370 16325346 3818159 102249008 81792336 1716146 9412978 4824009 88097451 111534450 1054057 -26445174 5000 4345997 81792336 0.34000 0.59000 0.07000 false false 9656361 9656361 145376655 49290542 96086113 34618424 28799324 5819100 1271113 0 1271113 112832687 15745206 F CASH EQUIVALENTS 488627 F US PRIVATE EQUITY MUTUAL FUNDS 14537332 F US PRIVATE EQUITY - INVSTMT CO 8048096 F FOREIGN PRIVATE EQUITY-LP&LLC 15281540 F ABSOLUTE RETURN FUNDS-LP 19012218 F SMALL CAP EQUITY-TRUST 3114933 F VENTURE CAPITAL 11082698 F OTHER INVESTMENTS 3491618 F 90802268 0 ANNUITIES PAYABLE 1026434 POSTRETIREMENT BENEFITS 13881666 FEDERAL STUDENT LOAN FUNDS 3137788 ASSET RETIREMENT OBLIGATION 3604183 21650071 144547333 134370277 10177056 -11961233 -720432 -12681665 -2504609 132229611 -11961233 -720432 -12681665 144911276 -363943 -363943 144547333 134734220 363943 363943 134370277 134370277 Description of Art Collection Part III, Question 4 Siena's Fine Art Collections encompass a broad range of periods and styles, with fine paintings, works on paper, sculpture, and artifacts. Original works from historic and contemporary artists are displayed throughout the campus. Among these are several pieces of the Hudson River School, quality 19th century copies of Renaissance religious paintings, and a diverse body of work recently acquired from local contemporary artists. THE COLLECTION ORIGINATED IN THE LATE 1950'S LARGELY THROUGH THE INTEREST OF FINANCIER PIERRE BRETEY, WHO DONATED A SUBSTANTIAL NUMBER OF WORKS FROM HIS PRIVATE COLLECTION. AN INVESTMENT ADVISOR IN RAILROAD SECURITIES, HE BEGAN COLLECTING DURING THE DEPRESSION. FATHER MAURUS A. KENNEDY O.F.M., TREASURER OF SIENA COLLEGE FROM 1957 - 1965, MET MR. BRETEY WHILE STUDYING AT NEW YORK UNIVERSITY, AND GENERATED HIS INTEREST IN SIENA. NOTING THAT "AT THE TIME, SIENA HAD NOTHING IN THE WAY OF ART," BRETEY COMMENCED A DONATION OF ART THAT SPANNED MANY YEARS, FROM 1957 THROUGH 1974. THROUGH HIS GENEROSITY, THE COLLEGE ACQUIRED WORKS BY INNESS, RITTER, EUROPEAN RELIGIOUS PAINTINGS AND LANDSCAPES AS WELL AS MANY EXAMPLES OF FINE FURNITURE AND DECORATIVE ARTS. OTHER MAJOR DONORS TO THE COLLECTION INCLUDE JOSEPH TESSITORE, AN ALUMNUS OF SIENA WITH INTEREST IN COLLECTING ORIGINAL PRINTS, PARTICULARLY THOSE OF LEROY NEIMAN. HIS CONTRIBUTION TO THE COLLECTION INCLUDES OVER 50 ORIGINAL, SIGNED SERIGRAPHS, AS WELL AS SEVERAL ORIGINAL OIL PAINTINGS AND ETCHINGS FROM HIS ESTATE. A NUMBER OF WORKS BY MICHAEL AND JASPER SANFRATELLO, BROTHERS OF FR. SENNEN SANFRATELLO O.F.M., HAVE BEEN ADDED TO THE COLLECTIONS THROUGH FAMILY DONATION, AND SEVERAL WORKS BY THE LATE FR. FELTON ROBERTSON O.F.M, DONATED BY THE ARTIST, ALSO FEATURE PROMINENTLY IN SIENA'S HOLDINGS. THE CONSTRUCTION OF THE STANDISH LIBRARY IN 1999 LED TO THE ACQUISITION OF 23 WORKS BY LOCAL CONTEMPORARY ARTISTS AND THE INSTALLATION OF A MURAL ON THE SECOND FLOOR LANDING. ON DISPLAY THROUGHOUT THE LIBRARY, THESE PIECES INCLUDE PAINTINGS, WORKS ON PAPER, PRINTS, PHOTOGRAPHS, AND SCULPTURE. THE COLLEGE CONTINUES TO ADD TO ITS COLLECTIONS, BOTH THROUGH DONATION AND PURCHASE OF ART. RECENT ACQUISITIONS INCLUDE THE PAINTING "MOMENT OF DEATH" BY IRANIAN ARTIST KAYVAN ASGARI, A GROUP OF ORIGINAL SIGNED PRINTS, AND TWO WORKS BY FR. MIGUEL LOREDO, O.F.M., "CRISTAL VERDE" AND "RED PARADISE". BEGINNING WITH THE SPRING 2007 SEMESTER, THE COLLEGE BEGAN A PROGRAM IN THE ACQUISITION OF EXEMPLARY STUDENT WORK THROUGH THE CREATIVE ARTS DEPARTMENT. AS PART OF SIENA'S FINE ARTS COLLECTIONS THE FAMLI COLLECTION that includes paintings, works of paper, prints, photographs and sculptures, is FEATURE PROMINENTLY AROUND THE CAMPUS, ON EXHIBIT IN PUBLIC SPACES, CORRIDORS AND THE STANDISH LIBRARY. WORKS WILL BE ROTATED IN AND OUT OF STORAGE PERIODICALLY TO ALLOW FOR GREATER ACCESS TO THE EXTENT OF THE COLLECTION. THE ART WILL ALSO BE MADE ACCESSIBLE FOR STUDY BY BOTH FACULTY AND STUDENTS THROUGH THE CURATOR OF FINE ARTS. DESCRIPTION OF EXEMPT PURPOSE OF ART COLLECTION PART III, LINE 4 SIENA'S FINE ARTS COLLECTIONS ARE FEATURED PROMINENTLY AROUND THE CAMPUS, ON EXHIBIT IN PUBLIC SPACES, CORRIDORS, AND THE STANDISH LIBRARY. WORKS ARE ROTATED IN AND OUT OF STORAGE PERIODICALLY TO ALLOW FOR GREATER ACCESS TO THE EXTENT OF THE COLLECTION. AS PART OF THE COLLEGE'S EXEMPT PURPOSE THE ART IS ALSO MADE ACCESSIBLE FOR STUDY BY BOTH FACULTY AND STUDENTS THROUGH THE CURATOR OF FINE ARTS. DESCRIPTION OF ENDOWMENT FUNDS PART V, QUESTION 4 ENDOWED FUNDS ARE INTENDED PRIMARILY TO PROVIDE FOR SCHOLARSHIPS FOR STUDENT STUDY. OTHER ENDOWED FUNDS ARE MAINTAINED FOR SUPPORT IN ACADEMIC PROGRAMS, BUILDINGS, AND ATHLETICS. Uncertain tax positions under FIN 48 Part X The College has been granted tax-exempt status as a nonprofit organization under Section 501(c)(3) of the Internal Revenue Code and is generally exempt from federal and state income taxes under Section 501(a) of the Code and applicable state laws. The College believes it has taken no significant uncertain tax positions. Part XI, line 8 ACTUARIAL ADJUSTMENT ($695,358) PROVISION FOR UNCOLLECTIBLE PLEDGES ($25,074) TOTAL: ($720,432) PART XII, LINE 2D ACTUARIAL ADJUSTMENT ($695,358) PROVISION FOR UNCOLLECTIBLE PLEDGES ($25,074) TOTAL: ($720,432) PART XII, LINE 4B RENTAL EXPENSE ($165,110) FUNDRAISING EXPENSE ($127,010) COST OF GOODS SOLD ($71,823) TOTAL ($363,943) PART XIII, LINE 2D RENTAL EXPENSE $165,110 FUNDRAISING EXPENSE $127,010 COST OF GOODS SOLD $71,823 TOTAL $363,943 true true true true true true true false false false false false false false false true false true RACIALLY NONDISCRIMINATORY POLICY SCHEDULE E, LINE 3 POLICY IS POSTED TO THE WEBSITE. FINANCIAL AID OR ASSISTANCE FROM GOVERNMENT SCHEDULE E, LINE 6A THE COLLEGE RECEIVES GRANTS FROM VARIOUS FEDERAL AND STATE AGENCIES. true Europe (Including Iceland and Greenland) Program Services Study Abroad Tuition 746541 Europe (Including Iceland and Greenland) Investments 15281540 East Asia and the Pacific Grantmaking 8400 Europe (Including Iceland and Greenland) Grantmaking 677891 Middle East and North Africa Grantmaking 36000 North America Grantmaking 136913 South America Grantmaking 44147 Sub-Saharan Africa Grantmaking 153016 17084448 17084448 Grants for Education East Asia/Pacific 1 8400 other Grants for Education Europe/Iceland/Greenland 25 677891 other Grants for Education Middle East/North Africa 1 36000 other Grants for Education North America 6 136913 other Grants for Education South America 2 44147 other Grants for Education Sub-Saharan Africa 4 153016 other true false true true true false Schedule F, Part I, line 2 The college provides payment of the grants to the student as a credit to the students' receivable account; the grants are not directly paid to the students. For the grant to be available to the student, the college monitors the students enrollment, based on the foreign schools records, and the student must be enrolled and active for the time period the grant is offered. If the student leaves the program early, the grant is not refunded to the student and the student's account is ratably adjusted to reflect the incomplete period. Golf Tournament 106713 75213 31500 0 6024 24912 19203 0 4528 Festa Vino 60100 30100 30000 0 0 0 2100 0 4428 3 103941 56846 47095 0 2966 39600 20156 0 3093 270754 162159 108595 0 8990 64512 41459 0 12049 127010 -18415 true Scholarship for Students 2973 35288124 Schedule I, Part I, line 2 The college provides payment of the grants to the student as a credit to the students' receivable account; the grants are not directly paid to the students. For the grant to be available to the student, the college monitors the students enrollment and the student must be enrolled and active for the time period the grant is offered. If the student leaves the program early, the grant is not refunded to the student and the student's account is ratably adjusted to reflect the imcomplete period. X X true true X false false false false false false false false false David Smith 157568 0 0 0 8085 0 16241 0 19389 0 201283 0 0 0 Linda Richardson 166341 0 0 0 935 0 16871 0 7685 0 191832 0 0 0 Paul Stec 166228 0 0 0 622 0 17106 0 19389 0 203345 0 0 0 Maryellen Gilroy 137822 0 0 0 242 0 13782 0 5603 0 157449 0 0 0 Gina Castelli 145230 0 0 0 6116 0 11416 0 5314 0 168076 0 0 0 MICHAEL Buonaguro 245912 0 0 0 10032 0 24500 0 28553 0 308997 0 0 0 Jeffrey Mello 148289 0 0 0 282 0 15183 0 14170 0 177924 0 0 0 Eric Girard 127090 0 0 0 124 0 11861 0 19389 0 158464 0 0 0 Allan Weatherwax 147712 0 0 0 132 0 13366 0 30050 0 191260 0 0 0 Edward Jones 124645 0 0 0 142 0 12918 0 18136 0 155841 0 0 0 Part 1, lines 1a, 1b CERTAIN OFFICERS MAY UTILIZE FIRST CLASS TRAVEL WHEN COACH ACCOMODATIONS ARE UNAVAILABLE OR IN THE CASE OF EXTENUATING CIRCUMSTANCES SUCH AS DEMANDING FLIGHT SCHEDULES, EXTENDED FLIGHT TIMES OR BY GIVING PRIOR WRITTEN AUTHORIZATION FOR FIRST CLASS OR BUSINESS TRAVEL. TRAVELER PROVIDED TO THE COLLEGE APPROPRIATE SUBSTANTIATION FOR THE EXPENSE INCURRED. Country club dues were provided to the President and the VP of Development and External Affairs to increase the college's presence in the community and among business leaders. ANY PERSONAL USE OF THE COUNTRY CLUB DUES ARE INCLUDED IN THE LISTED PERSONS FORM W-2. PART I, LINE 3 THE COLLEGE PRESIDENT (A FRANCISCAN FRIAR), IN ACCORDANCE WITH THE HOLY NAME PROVINCE ORDER OF FRIARS MINOR (OFM), TAKES A VOW OF POVERTY AND DOES NOT DIRECTLY RECEIVE A SALARY. PAYMENTS TO THE ORDER ARE MADE IN LIEU OF THE PRESIDENT'S SALARY, WHICH IS DETERMINED BY THE TRUSTEES. TRUSTEES ESTABLISH THE IN LIEU OF PAYMENT THROUGH THE USE OF COMPARABLE SALARY DATA FOR SIMILARLY-SITUATED COLLEGES. ALBANY COUNTY INDUSTRIAL AGENCY 141663410 2003-11-21 3750000 RENOVATE AND UPDATE A BUILDING false false false DORMITORY AUTHORITY STATE OF NY 146000293 64483QD48 2006-05-04 27942152 FINANCE CONSTRUCTION & RENOVATION false false false DORMITORY AUTHORITY STATE OF NY 146000293 699905VXI 2009-12-11 20660808 CONSTRUCTION OF RESIDENCE HALL false false false 0 0 3750000 0 0 0 0 0 0 3750000 0 0 2004 false false true true 0 0 27942152 0 0 21974693 667066 364000 0 4936393 0 0 2006 true false true true 0 0 20660808 0 0 0 665808 0 0 19995000 0 0 2010 false false true true false false false true 0 true false false true false true 0 true false false true false true 0 true false false false 0 false 0 false false false false false 0 false 0 false false false false false 0 false 0 false false Part V 0 See Schedule O. - - 7165 TUITION ASSIST X 64076 FMV X 22 166713 average price X Fitness Equipment 1 219 FMV X Sarazen Scholarship Golf Tournament 76 31660 FMV X Career Center Career Fair - Pens 1 200 FMV X Life Skills Program - Guest Speaker 1 8000 FMV X Creative Arts - 6 piece drum set with cymbals 1 300 FMV X Women's Center - Clothing, linens 1 200 FMV X Facilities - 2 desks 1 9000 FMV X Facilities - Plumbing/Mechanical 1 11078 FMV X Development Reception 1 5106 FMV false true true Part I, Question 32a Securities received as contributions are liquidated through a broker upon receipt. PART I, LINE 1 AND PART III, LINE 1 SIENA COLLEGE IS A LEARNING COMMUNITY ADVANCING THE IDEALS OF A LIBERAL ARTS EDUCATION, ROOTED IN ITS IDENTITY AS A FRANCISCAN AND CATHOLIC INSTITUTION. AS A LEARNING COMMUNITY, SIENA IS COMMITTED TO A STUDENT-CENTERED EDUCATION EMPHASIZING DYNAMIC FACULTY-STUDENT INTERACTION. THROUGH A BLENDING OF LIBERAL ARTS AND PROFESSIONAL EDUCATION, SIENA COLLEGE PROVIDES EXPERIENCES AND COURSE OF STUDY INSTILLING THE VALUES AND KNOWLEDGE TO LEAD A COMPASSIONATE, REFLECTIVE, AND PRODUCTIVE LIFE OF SERVICE AND LEADERSHIP. AS A LIBERAL ARTS COLLEGE, SIENA FOSTERS THE RIGOROUS INTELLECTUAL DEVELOPMENT OF ITS STUDENTS THROUGH A HEALTHY EXCHANGE OF IDEAS BOTH INSIDE AND OUTSIDE THE CLASSROOM. IT PROVIDES OPPORTUNITIES TO DEVELOP CRITICAL AND CREATIVE THINKING; TO MAKE REASONED AND INFORMED JUDGEMENTS; TO APPRECIATE CULTURAL DIVERSITY; TO DEEPEN AESTHETIC SENSIBILITY AND TO ENHANCE WRITTEN AND ORAL COMMUNICATION SKILLS. IT DEVELOPS IN EACH INDIVIDUAL AN APPRECIATION FOR THE RICHNESS OF EXPLORING KNOWLEDGE FROM A VARIETY OF PERSPECTIVES AND DISCIPLINES. AS A FRANCISCAN COMMUNITY, SIENA STRIVES TO EMBODY THE VISION AND VALUES OF ST. FRANCIS OF ASSISI: FAITH IN A PERSONAL AND PROVIDENT GOD, REVERENCE FOR ALL CREATION, AFFIRMATION OF THE UNIQUE WORTH OF EACH PERSON, DELIGHT IN DIVERSITY, APPRECIATION FOR BEAUTY, SERVICE WITH THE POOR AND MARGINALIZED, A COMMUNITY WHERE MEMBERS WORK TOGETHER IN FRIENDSHIP AND RESPECT, AND COMMITMENT TO BUILDING A WORLD THAT IS MORE JUST, PEACEABLE, AND HUMANE. AS A CATHOLIC COLLEGE, SIENA SEEKS TO ADVANCE NOT ONLY THE INTELLECTUAL GROWTH OF ITS STUDENTS, BUT THEIR SPIRITUAL, RELIGIOUS AND ETHICAL FORMATION AS WELL. TO THIS END, SIENA IS COMPOSED OF AND IN DIALOGUE WITH PEOPLE FROM DIFFERENT RELIGIONS AND CULTURAL TRADITIONS, FOSTERS A CRITICAL APPRECIATION OF THE CATHOLIC INTELLECTUAL HERITAGE IN CONVERSATION WITH CONTEMPORARY EXPERIENCE, PROVIDES AMPLE OPPORTUNITIES FOR WORSHIP AND SERVICE, EXPLORES THE MORAL DIMENSIONS OF DECISION-MAKING IN BUSINESS AND THE PROFESSIONS, AND AFFIRMS THE DIGNITY OF THE INDIVIDUAL WHILE PURSUING THE COMMON GOOD. PART VI, SECTION A, QUESTION 2 ROBERT T CUSHING AND ROBERT J MCCORMICK HAVE A BUSINESS RELATIONSHIP. Part VI, Section B, Question 11A A COMPLETE COPY OF THE ORGANIZATION'S FINAL FORM 990 (INCLUDING ALL REQUIRED SCHEDULES), AS ULTIMATELY FILED WITH THE IRS, WAS PROVIDED TO EACH PERSON WHO WAS A VOTING MEMBER OF THE GOVERNING BODY AT THE TIME THE FORM 990 WAS PROVIDED BEFORE ITS FILING WITH THE IRS. Part VI, Section B, Question 12c All officers, trustees and key employees assume responsibility for considering possible conflicts of interest that arise during service with the college. to help trustees identify possible conflicts of interest, the college has developed a disclosure form that all trustees must complete and update at least annually. during the course of their service, officers, trustees, and key employees, if applicable, must also disclose any conflict of interest as soon as they become aware of the conflict. the general counsel reviews the disclosures and will disclose any reported conflicts of interest to the audit committee of the board of trustees. The audit committee may consider whether advice from counsel or other independent advisors is necessary in particular instances where a conflict exists. Part VI, Section B, Question 15a The college president (a Franciscan Friar), in accordance with the holy name province order of Friars minor (OFM), takes a vow of poverty and does not directly receive a salary. Payments to the order are made in lieu of the president's salary. THE BOARD OF TRUSTEES PERFORMS A REVIEW AND APPROVES AT REGULAR INTERVALS THE PERFORMANCE AND COMPENSATION OF THE PRESIDENT. THE BOARD UTILIZES INDEPENDENT EXTERNAL STANDARDS SUCH AS THE COLLEGE AND UNIVERSITY PERSONNEL ASSOCIATION, LOCAL MARKET DATA AND INTERNAL EQUITY, FOR THE REVIEW OF THE PRESIDENT'S COMPENSATION AGREEMENT AND THE GATHERING OF COMPARABILITY DATA IN DETERMINING THE REASONABLENESS OF COMPENSATION AND COMPLIANCE WITH THE PROCEDURES DESCRIBED IN TREASURY REGULATION SECTION 53.4958-6. Part VI, Section B, Questions 15b THE BOARD OF TRUSTEES AND THE PRESIDENT PERFORM A REVIEW AND APPROVAL AT REGULAR INTERVALS OF THE PERFORMANCE AND COMPENSATION OF THE OFFICERS, AND WHERE APPROPRIATE, OTHER SENIOR MANAGEMENT OF THE COLLEGE. THE BOARD AND PRESIDENT UTILIZE INDEPENDENT EXTERNAL STANDARDS SUCH AS THE COLLEGE AND UNIVERSITY PERSONNEL ASSOCIATION, LOCAL MARKET DATA AND INTERNAL EQUITY, FOR THE REVIEW OF COMPENSATION AGREEMENTS AND THE GATHERING OF COMPARABILITY DATA IN DETERMINING THE REASONABLENESS OF COMPENSATION AND COMPLIANCE WITH THE PROCEDURES DESCRIBED IN TREASURY REGULATION SECTION 53.4958-6. Part VI, Section C, Question 18 The college follows the IRS' guidelines for public disclosure. A copy of the Form 990 and Form 990-T is made available to the public by request through the Finance and Administration Office. The Form 990 is also available on the Guidestar website. Part VI, Section C, Question 19 The college does not make its governing documents, conflict of interest policy or financial statements available to the public. PART XI, LINE 5 NET UNREALIZED GAINS/LOSSES ON INVESTMENTS ($11,961,233) ACTUARIAL ADJUSTMENT ($695,358) Uncollectible Pledges ($25,074) TOTAL ($12,681,665) Schedule K, Part V Procedures To Undertake Corrective Action The College does perform an annual review of federal tax requirements to ensure that violations are identified in a timely manner. This is incorporated in the College's fiscal year end closing process. However, there are no documented procedures that point specifically towards this task. Going forward the College will incorporate specific procedures into its fiscal year end audit program to ensure that violations of federal tax requirements are timely identified and corrected. Spring Properties Inc 515 Loudon Road Loudonville NY 12211 141706494 Rental NY Siena College C Corp 22897 246430 1.00000 Charitable Remainder Trust (4) INVESTING NY NA TRUST Charitable Remainder Unitrust (3) INVESTING NA Trust false false false true true false false false false false false false false false false false false false Spring Properties Inc (due to Siena) D 92588 FMV Spring Properties Inc (due from Siena) E 208681 FMV PART IV, LINE 3 THE TWO Charitable Remainder Unitrusts LISTED ON LINE 3 OF PART IV HAVE THE FOLLOWING LEGAL DOMICILES: 1 - IL 1 - FL 1 - NY