2013-05-13T13:53:41-05:00 2012-06-30 GRANT THORNTON LLP 666 THIRD AVENUE NEW YORK NY 100174057 990 2011-07-01 111635105 St Francis College % JOHN RAGNO AVP FOR FINANCE STFR 7184895364 180 Remsen Street Brooklyn NY 11201 John Ragno 2013-05-06 true Daniel Romano 2125990100 2011 2016-02-24 21:20:13Z Brendan Dugan 180 Remsen Street Brooklyn NY 11201 68024937 false X WWW.SFC.EDU X 1957 NY St. Francis College is an independent, coeducational institution of higher education chartered by an act of the regents of the University of the state of New York on April 10, 1957. 26 26 527 0 5000 3500 5436806 5780641 44283879 46321897 1391667 943018 1760117 1679496 52872469 54725052 12056888 12914082 0 0 21576000 24075587 0 0 1710271 18498008 20263436 52130896 57253105 741573 -2528053 146913687 145777420 51650780 52682223 95262907 93095197 ST. FRANCIS COLLEGE IS AN INDEPENDENT, COEDUCATIONAL INSTITUTION OF HIGHER EDUCATION CHARTERED BY AN ACT OF THE REGENTS OF THE UNIVERSITY OF THE STATE OF NEW YORK ON APRIL 10, 1957. false false 17210458 0 45947142 INSTRUCTIONAL - THE COLLEGE PROVIDES DIRECT SERVICES through its faculty TO APPROXIMATELY 2,570 FULL AND 325 PART TIME STUDENTS LEADING primarily TO BACCALAUREATE AND ASSOCIATE DEGREES. the college has recently added several masters degrees. 14432765 0 374755 ACADEMIC SUPPORT - PROVIDES FUNDING FOR SUPPORT SERVICES TO THE INSTRUCTIONAL DEPARTMENTS, academic ENHANCEMENT AND STUDENT ORIENTATION SERVICES, HONORS PROGRAMS, AND THE LIBRARY. STUDENT SERVICES - PROVIDES FUNDING FOR THE OFFICES OF ADMISSIONS, REGISTRAR, AND OTHER STUDENT RELATED SUPPORT SERVICES AND ACTIVITIES TO ENSURE STUDENTS' EMOTIONAL AND PHYSICAL WELL-BEING AND DEVELOPMENT OUTSIDE THE FORMAL INSTRUCTIONAL PROGRAM. 12914082 12914082 0 STUDENT AID AND OTHER - FUNDING FOR SCHOLARSHIPS, GRANTS, AND OTHER FINANCIAL AID. THE COLLEGE awards federal and state grants and/or loans based upon financIAL need. College FUNDED INSTITUTIONAL AND ENDOWED GRANTS/SCHOLARSHIPS ARE AWARDED BASED UPON FINANCIAL NEED AND ACADEMIC MERIT. 0 0 0 44557305 true true false true false false false true false true true true false true true true true false true false true false false false true false false false true true true false false true false false false false false false false true false false false false false false false false false true 3745 0 true 527 true true true false false false false true true false false false false X 26 26 true false false false false false false true true false false true true true true true true true true false X JOHN RAGNO AVP FOR FINANCE 7184895364 180 REMSEN STREET BROOKLYN NY 11201 HECTOR BATISTA 0.5 X 0 0 BROTHER WILLIAM A BOSLET 0.5 X 0 0 msgr john j bracken 0.5 X 0 0 BROTHER LEONARD CONWAY 0.5 X 0 0 ORVILLE w DALE 0.5 X 0 0 john j clark 0.5 X 0 0 kenneth daly 0.5 X 0 0 BARBARA G KOSTER 0.5 X 0 0 JESUS f LINARES 0.5 X 0 0 J CHRISTOPHER MANGAN 0.5 X 0 0 LAWRENCE A MARSIELLO 0.5 X 0 0 GINO P MENCHINI 0.5 X 0 0 DENIS j SALAMONE 0.5 X 0 0 BROTHER KEVIN SMITH OSF 0.5 X 0 0 JOHN F TULLY 0.5 X 0 0 CHARLES E WILLIAMS III 0.5 X 0 0 SUSAN L HUFF 0.5 X 0 0 LESLIE s JACOBSON 0.5 X 0 0 michael henning 0.5 X 0 0 VICTOR J MASI 0.5 X 0 0 William Dawson 0.5 X 0 0 Edward N Constantino 0.5 X 0 0 Mary Beth Dawson 0.5 X 0 0 Sister Marilyn Trowbridge 0.5 X 0 0 Luis Diaz 0.5 X 0 0 Catherine Greene 0.5 X 0 0 brendan dugan 40.0 X 340456 34111 TIMOTHY HOULIHAN 40.0 X 207413 33513 LINDA WERBEL DASHEFSKY 40.0 X 136315 35264 GUY CARLSEN 40.0 X 151357 22655 JUNE MCGRISKEN 40.0 X 210291 27244 Thomas Flood 40.0 X 187756 40149 dennis anderson 40.0 X 144379 22639 ALLEN BURDOWSKI 40.0 X 166094 19726 KEVIN O'ROURKE 40.0 X 150084 49922 DR GEOFFREY HORLICK 40.0 X 155215 38512 Glen braica 40.0 X 159746 23132 STEPHEN BOGART 40.0 X 107696 25885 2116802 0 372752 27 true true false StructureTone Inc 770 Broadway NEW YORK NY 10003 Construction SRVC. 5798250 bluewater communications 1 pennsylvania plaza 1614 NEW YORK NY 10119 tech. consultants 1115568 united restoration 31 12th street LONG ISLAND CITY NY 11106 construction srvc. 880353 iss Facility services PO Box 118 NEW CASTLE PA 16103 cleaning services 787673 WilkiNs Media Inc 8010 Roswell road suite 1610 NEW YORK NY 10019 advertising consult. 725713 35 131345 638971 5010325 82741 5780641 STUDENT TUITION AND FEES 611710 45947142 45947142 ATHLETIC RELATED INCOME 611710 374755 374755 46321897 979213 979213 84902 84902 0 968988 968988 968988 968988 13010330 13131427 -121097 -121097 -121097 778834 131345 168458 610376 610376 0 0 VENDOR COMMISSIONS & OTHER 721000 95132 95132 ADVERTISING INCOME 541800 5000 5000 100132 54725052 46321897 5000 2617514 0 12914082 12914082 0 0 2116802 673101 1255945 187756 0 16894462 13773570 2496542 624350 1463178 1130383 269984 62811 2101143 1623245 387701 90197 1500002 1158831 276779 64392 0 136775 109420 27355 223730 61610 162120 218000 218000 0 49320 49320 814180 147261 161067 505852 1994673 859456 1049417 85800 811832 521805 266073 23954 1206859 1141892 64967 0 2139665 1829660 297852 12153 93740 50866 31357 11517 0 177263 130702 25727 20834 818417 818417 0 3735296 3213734 521562 0 BAD DEBT EXPENSE 3735295 3213734 521561 SPECIAL EVENTS & STUD. ACTV. 558384 138470 419914 ATHLETIC SUPPLIES EXPENSE 102117 102117 ALTHETICS GAME MGMT. EXP. 627224 627224 2820666 317725 2482286 20655 57253105 44557305 10985529 1710271 1492414 1851002 0 0 558249 2748329 1209417 1176995 0 0 0 0 660014 637197 0 0 961403 1114169 95583893 35099877 52821407 60484016 43693553 45955745 23670467 19400965 0 0 0 0 21846763 12409002 146913687 145777420 5198190 7303090 0 0 5372876 4770854 39500548 38885199 0 0 0 0 0 0 0 0 1579166 1723080 51650780 52682223 X 80388381 75346052 4800472 7472294 10074054 10276851 95262907 93095197 146913687 145777420 X -2528053 360343 X false true true X true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false true 218000 false false false false 218000 false Description of Lobbying Activities Part II-B The College hires consultants to provide advice, strategic planning, and program implementation on various projects and issues. Additionally, on behalf of the College the consultant attends and performs various presentations before elected officials, public hearings and government administrators. 200205 X X CURRENTLY HELD IN STORAGE false 46235474 389219 1308727 599280 3718505 43615635 38712995 894064 10421703 576418 3216870 46235474 36504579 612456 5840293 938891 3305442 38712995 51641131 1536421 -11815952 1408206 3448815 36504579 0.67000 0.24000 0.09000 false false 105640 105640 81767761 31023431 50744330 7112079 4076446 3035633 6598413 6598413 60484016 PRIVATE EQUITY FUND 2812347 F ABSOLUTE RETURN HEDGE FUND 7463831 F FUND OF FUNDS HEDGE FUNDS 4831694 F PRIVATE REAL ESTATE FUND 4293093 F 19400965 FUNDS HELD BY TRUSTEES 11259814 3RD PARTY RECEIVABLES 1019610 INTEREST INCOME RECEIVABLE 49996 CASH RESTRICTED FOR LOAN PROG. 79582 12409002 0 REFUNDABLE LOAN PROGRAM 613794 DEFERRED STUD. PAYMENTS/DEPOSITS 640768 ACCRUED INTEREST PAYABLE 468518 1723080 54725052 57253105 -2528053 409663 -49320 360343 -2167710 42171313 409663 409663 41761650 49320 12914082 12963402 54725052 44289703 44289703 49320 12914082 12963402 57253105 Art Collections Part III, Line 4 The College possesses a Collection of Central American Art which is held in storage. Endowment part V, line 4 Certain endowment funds are used to provide scholarships to students in accordance with donor specifications. In addition, the Board of Trustees approved a spending rate of 5.75% to support the operations of the college. FIN 48 Part X The college follows guidance that clarifies the accounting for uncertainty in tax positions taken or expected to be taken in a tax return, including issues relating to financial statement recognition and measurement. This guidance requires that a tax position be recognized or derecognized based on a "more likely than not" threshold, and applies to positions taken or expected to be taken in a tax return. During fiscal 2012 and 2011, the College evaluated its tax positions and concluded that it does not have any uncertain tax positions that meet the criteria under the standard. The tax years ending June 30, 2009, 2010, 2011, and 2012 are still open to audit for both federal and state purposes. The College has processes presently in place to ensure the maintenance of its tax-exempt status; identify and report unrelated income; determine its filing and tax obligations in jurisdictions for which it has nexus; and identify and evaluate other matters that may be considered tax positions. Reconciliation Parts XII Line 4B and XIII Line 4b The amounts represent scholarships and awards that are net on the financial statements. reconciliation of revenue per audited financial statements with revenue per return: Part XII - Other, Listed on line 4b represents college scholarships and government sponsored assistance. reconciliation of expense per audited financial statements with expense per return: Part XIII - Other, listed on line 4b represents college scholarships and government sponsored assistance. true true true true true true true false false false false false false false false true false true Description , Line 3 The College publicizes its racially non-discriminatory policy on its website. Description Line 6A Financial Assistance is provided to our students by the U.S. Department of Education through the federally funded campus based programs - Federal Supplemental Educational Opportunity Grant (FSEOG), Federal Work Study (FWS), and the Federal Perkins Loan Program. Central America and the Caribbean Investments 15107872 15107872 15107872 true false true false false false Charter Dinner false charter dinner 538559 71060 467499 75426 1500 reunion dinner 54085 13156 40929 41161 2 317535 47129 270406 47150 3221 910179 131345 778834 122576 41161 1500 3221 168458 610376 true SUPPLEMENTAL EQUAL OPPORTUNITY GRANT 237 153189 FMV FEDERAL WORK STUDY PROGRAM 87 144734 FMV COLLEGE FUNDED SCHOLARSHIPS 1509 12616159 FMV PART I, LINE 2 THE COLLEGE AWARDS FEDERAL AND STATE GRANTS BASED UPON FINANCIAL NEED. COLLEGe FUNDED INSTITUTIONAL AND ENDOWED GRANTS/SCHOLARSHIPS ARE AWARDED BASED UPON FINANCIAL NEED AND ACADEMIC MERIT. THE COLLEGE MONITORS THESE GRANTS AND AWARDS BY SEMESTER TO VERIFY THAT RECIPIENTS ARE MAINTAINinG THE MINIMUM STANDARDS REQUIRED TO RECEIVE THE GRANT OR AWARD. X X X X X false false false false false false false false false STEPHEN BOGART 107696 0 0 12750 13135 133581 brendan dugan 340456 0 0 31410 2701 374567 TIMOTHY HOULIHAN 207413 26231 7282 240926 LINDA WERBEL DASHEFSKY 136315 16676 18588 171579 dennis anderson 144379 14355 8284 167018 ALLEN BURDOWSKI 166094 18240 1486 185820 KEVIN O'ROURKE 150084 17821 32101 200006 DR GEOFFREY HORLICK 155215 17710 20802 193727 GUY CARLSEN 151357 17735 4920 174012 JUNE MCGRISKEN 210291 0 0 26231 1013 237535 Glen braica 159746 15660 7472 182878 Thomas Flood 187756 0 0 23243 16906 227905 New York City Industrial Development Agency 132906040 64971c3e2 2004-11-01 310000 New Building Construction false true false New York City Industrial Development Agency 132906040 64971c3f9 2004-11-01 320000 New Building Construction false true false New York City Industrial Development Agency 132906040 64971c3g7 2004-11-01 325000 New Building Construction false true false New York City Industrial Development Agency 132906040 64971c3h5 2004-11-01 335000 New Building Construction false true false 0 0 310000 0 0 0 0 0 0 310000 0 0 false false true true 0 0 320000 0 0 0 0 0 0 320000 0 0 false false true true 0 0 325000 0 0 0 0 0 0 325000 0 0 false false true true 0 0 335000 0 0 0 0 0 0 335000 0 0 false false true true false false false false false false 0.00000 0.00000 0.00000 true false false false false false false 0.00000 0.00000 0.00000 true false false false false false false 0.00000 0.00000 0.00000 true false false false false false false 0.00000 0.00000 0.00000 true true false false 0 false 0 false false true false false 0 false 0 false false true false false 0 false 0 false false true false false 0 false 0 false false X schedule K, Part III, Line 3a 0 THE NYS IDA LISTED IS BROKEN UP INTO MULTIPLE SERIES ISSUES AND WAS USED TO FINANCE THE CONSTRUCTION OF A NEW ACADEMIC CENTER. THE COLLEGE ENTERED INTO A LEASE AGREEMENT WITH NEW YORK CITY FOR THE USE OF CERTAIN AREAS IN THE FACILITY. THE DASNY BOND LISTED IS BROKEN UP INTO MULTIPLE SERIES ISSUES AND IS CURRENTLY USED TO FINANCE CAPITAL IMPROVEMENTS THROUGHOUT THE CAMPUS. X 4 82741 FMV false false true Part I, Line 32A The college authorizes its investment advisor to sell donated securities on its behalf. Form 990, Part VI, Line 11 Form 990 Review process The form 990 is prepared and reviewed internally by the finance department and forwarded to an independent accounting firm for external review. Once the review process is complete, the full 990 is provided to the audit committee for review and approval. Upon approval, a copy of the full 990 is provided to all board members prior to filing. Form 990, Part VI, Section B, Line 12C Conflict of interest policy enforcement and monitoring The conflict of interest policy is distributed to all faculty, staff, and administration every year. Certain employees are required to sign the questionnaire and disclose any conflicts. All members of the board of trustees are required to review the policy and sign and complete a questionnaire on an annual basis, disclosing potential conflicts. The executive committee of the board monitors and enforces compliance. Form 990, Part VI, Section B, Line 15A & 15B process for determining compensation The college engaged an independent consultant to review and compare the compensation of top management to similar institutions in a compensation study. A compensation survey was performed regarding compensation of other officers. Compensation decisions and reports are contemporaneously documented in the board minutes when the decisions are made. Form 990, Part VI, Section C, Line 19 Public disclosure of documents The audited financial statements and conflict of interest policy are available on the College's website at www.sfc.edu. Governing documents will be made available upon request. Form 990, Part VI, Section A, Line 2 relationship disclosure William Dawson and Mary Beth Dawson - Family Relationship Form 990, Part XI, Line 5 Other changes in net assets net unrealized gain on investments $409,663 investment expenses (49,320) -------- $360,343 Schedule F, Part 1, Line 3a & d The College has investments in foreign commingled funds whose legal domicile is located in the caribbean region.