2013-07-10T12:41:10-07:00 2012-06-30 990 2011-07-01 221500484 CENTENARY COLLEGE CENT 9088521400 400 Jefferson Street Hackettstown NJ 07860 Roger Anderson 9088521400 2013-02-15 2011 2016-02-25 16:41:14Z Barbara Lewthwaite 400 Jefferson Street Hackettstown NJ 07836 50082463 0 X www.centenarycollege.edu X 1867 NJ Centenary College is a community of learners distinguished by a diverse student body, a dedicated faculty and staff, and stimulating educational opportunities. Centenary College is committed to a quality liberal arts and career studies education with a substantial international dimension to engage students in learning and prepare them for satisfying careers, successful lives, community service and lifelong intellectual pursuits. As the primary educational and cultural resource for northwest New Jersey, Centenary offers a range of undergraduate, graduate and professional programs as well as non-degree courses for professional and personal development. 26 26 947 40 0 0 1464819 970132 44477818 44796918 -1183 245233 456405 1355181 46397859 47367464 0 0 0 0 22166634 22626762 0 0 1110903 23472513 23355829 45639147 45982591 758712 1384873 95611051 95790082 47235913 47886117 48375138 47903965 Centenary College is an independent college offering bachelor's degree programs and associate degree programs in liberal arts and career areas and master's degree programs. 0 0 19478743 47796918 Centenary College is a community of learners distinguished by a diverse student body, a dedicated faculty and staff, and stimulating educational opportunities. Centenary College is committed to quality liberal arts and career studies education with a substantial international dimension to engage students in learning and prepare them for satisfying career, successful lives, community service and lifelong intellectual pursuits. As the primary educational and cultural resource of Northwest New jersey, Centenary offers a range of undergraduate, graduate and professional programs as well as non-degree courses for professional and personal development. 0 0 0 19478743 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 0 1 0 1 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 1 0 1 1 0 0 0 0 0 0 0 0 0 1 203 0 1 947 1 1 1 0 0 0 0 1 1 1 18 0 0 0 X 26 26 1 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 0 1 1 0 NJ X X Roger Anderson 9088521400 Centenary College 400 Jefferson Street Hackettstown NJ 07840 Harris Smith 2 X 0 0 0 Dr Hae-Jong Kim 2 X 0 0 0 Arden Davis Melick 2 X 0 0 0 Kenneth Hahn 2 X 0 0 0 Norman Worth 2 X 0 0 0 Christopher Treanor 2 X 0 0 0 Lucinda Thomas Embersits 2 X 0 0 0 Alan J Shaw 2 X 0 0 0 Dr Howard Burrell 2 X 0 0 0 Stanley Caine 2 X 0 0 0 Bishop Sudarshana Devedhar 2 X 0 0 0 Tilly Jo Emerson 2 X 0 0 0 Rochelle Makela Goodman 2 X 0 0 0 Wolfgang Gstattenbauer 2 X 0 0 0 Michael Halpin 2 X 0 0 0 David Johnson 2 X 0 0 0 David Lackland 2 X 0 0 0 George Muller 2 X 0 0 0 Raymond Nisivoccia 2 X 0 0 0 Denis Hennessy O'Rourke 2 X 0 0 0 Alden Siegel 2 X 0 0 0 Orin Smith 2 X 0 0 0 Timothy Smith 2 X 0 0 0 James Stryker 2 X 0 0 0 Ellen Banks 2 X 0 0 0 Audrey Bonaparte-Watts 2 X 0 0 0 Linda Van Winkle Watkins 2 X 0 0 0 Debra Albanese 40 X X 23644 0 1419 Diane Finnan 40 X 174752 0 10059 Barbara Lewthwaite 40 X 200129 0 12000 James Patterson 40 X 131335 0 8250 Roger Anderson 40 X 146129 0 8358 David Jones 40 X X 120617 0 11012 Todd Miller 40 X 124063 0 13515 Joseph Linskey 40 X 99647 0 6844 Francine Andrea 40 X 13513 0 0 Deirdre Letson 40 X 96878 0 10298 Robert Miller 40 X 97260 0 8159 Peter Albrecht 40 X X 99855 0 3975 Michael Fugaro 40 X 118461 0 8885 Thomas Brunner 40 X 94614 0 15872 Lauretta Farrell 40 X 96380 0 6305 Christine Strube 40 X 96438 0 7515 1733715 0 132466 14 1 1 0 Rosselli Roofing & Siding 5 Roy Court Wantage NJ 07461 Roofing 240383 Candoris Technology 13 Wheatland Circle Lebanon PA 17042 technology 173657 Chartwells Food Service 400 Jefferson Street Hackettstown NJ 07840 Food services 2503596 Aramark Facility Services 135 New Road Madison CT 06443 Facility maintenance 1775445 Compaction Grouting Services PO Box 55 Wallingford PA 19086 Sink Hole Repairs 195856 9 0 0 85230 0 0 884902 0 970132 Tuition and Fees 611600 37396030 37396030 0 0 Room and Board 611600 7400888 7400888 0 0 0 0 0 0 44796918 129335 129335 0 0 0 0 0 0 0 0 0 0 27041 0 0 0 27041 0 27041 0 0 27041 2828897 2000 2714999 0 113898 2000 115898 115898 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Theatre Company 711110 602209 602209 0 0 Radio Station 515112 233181 233181 0 0 Language and Culture 900000 196946 196946 0 0 295804 295804 0 0 1328140 47367464 46370291 0 27041 0 0 0 0 0 0 0 0 1238200 0 1238200 0 0 0 0 0 17260033 11827689 4678298 754046 671038 520842 131209 18987 1710558 1208725 463061 38772 1746933 1279250 416571 51112 93935 93 93842 0 114730 0 114730 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1350602 625009 718797 6796 1199613 1066354 131742 1517 621341 297224 208475 115642 1953231 49972 1871503 31756 0 0 0 0 6286218 362400 5914853 8965 759390 547109 145594 66687 0 0 0 0 102039 48822 50179 3038 1455034 0 1455034 0 0 0 0 0 3402337 0 3402337 0 276952 2920 274032 0 Student Food Services 2369392 0 2369392 0 Bad Debt 427696 0 427696 0 Bank Fees 322187 3368 318819 0 Non-Office Supplies 503648 495810 7838 0 2117484 1143156 960743 13585 45982591 19478743 25392945 1110903 2926589 2133867 12776131 17882538 4960053 3255359 3653174 2612044 0 0 0 0 1025883 995397 17865 15018 845686 632240 96039149 32955041 63997318 63084108 2911297 2828897 1201090 1140121 1295965 1210493 95611051 95790082 2915252 3156193 0 0 2368716 2032559 40833140 41454405 0 0 0 0 0 0 0 0 1118805 1242960 47235913 47886117 X 10710746 10313461 34937891 34748017 2726501 2842487 48375138 47903965 95611051 95790082 X 1384873 -1856046 X 1 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2911297 115986 -84489 113898 0 0 2828896 2431868 51209 658816 230596 0 0 2911297 2096717 89127 246024 0 0 0 2431868 2835391 190585 -704701 224557 0 0 2096718 0 1 0 0 0 0 337022 337022 0 79222058 20088407 59133651 0 27112 27112 0 0 13908041 11574914 2333127 0 2544916 1264608 1280308 63084108 0 Asset Retirement Obligation 70875 Refundable Loan Programs 1172085 1242960 47367464 45982591 1384873 -1856046 0 0 0 0 -1856046 -471173 47367464 0 0 0 0 0 47367464 0 0 0 47367464 45982591 0 0 0 0 0 45982591 0 0 0 45982591 SchD_P05_S00_L04 Schedule D, Part V, Line 4 The College's endowment funds are held to support the educational programs of the College. The college intends to leave the principal untouched and use the earnings to defray instructional expenditures, academic support, student aid and other institutional expenses that may arise. The College shall not use these funds for any purpose that is not consistent with the College's exempt status. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SchE_P01_S00_L03 Schedule E, Part I, Line 3 A non-discriminatory policy statement appears in college recruiting publications, newspaper recruiting advertisements, and is announced in radio recruiting messages Gala 81468 75768 5700 0 0 0 18221 1795 15030 Golf Outing 18127 9462 8665 0 3421 9450 0 0 5839 0 99595 85230 14365 0 3421 9450 18221 1795 20869 53756 -39391 X 0 1 X X X X X 0 0 0 0 0 1 0 0 0 Debra Albanese 23642 0 0 0 0 0 1419 0 0 0 25061 0 0 0 Roger Anderson 145129 0 1000 0 0 0 2266 0 6092 0 154487 0 0 0 Francine Andrea 13513 0 0 0 0 0 0 0 0 0 13513 0 0 0 Diane Finnan 173752 0 1000 0 0 0 7238 0 2822 0 184812 0 0 0 David Jones 116017 0 1000 0 0 0 6484 0 3814 0 127315 0 0 0 Deirdre Letson 95878 0 1000 0 0 0 6484 0 3814 0 107176 0 0 0 Barbara Lewthwaite 200129 0 0 0 0 0 12000 0 0 0 212129 0 0 0 Joseph Linskey 91579 0 1000 0 7068 0 6844 0 0 0 106491 0 0 0 Robert Miller 87110 0 1000 0 9150 0 5256 0 2903 0 105419 0 0 0 James Patterson 126736 0 1000 0 3600 0 8250 0 0 0 139586 0 0 0 Peter Albrecht 91430 0 1000 0 7425 0 0 0 3975 0 103830 0 0 0 Thomas Brunner 90015 0 1000 0 3600 0 6750 0 9122 0 110487 0 0 0 Lauretta Farrell 95380 0 1000 0 0 0 4767 0 1538 0 102685 0 0 0 Michael Fugaro 118461 0 0 0 0 0 8885 0 0 0 127346 0 0 0 Christine Strube 95438 0 1000 0 0 0 7154 0 0 0 103592 0 0 0 Todd Miller 123063 0 1000 0 0 0 4306 0 9209 0 137578 0 0 0 SchJ_P01_S00_L01a Schedule J, Part I, Line 1a The President is provided use of a house owned by the College. Related Services such as facilities maintenance and housekeeping are provided by the college. SchJ_P01_S00_L01b Schedule J, Part I, Line 1b The College is responsible for paying utilities on the residence and maintaining the residence. The President is responsible for any and all personal expenses. SchJ_P01_S00_L06 Schedule J, Part I, Line 6 Centenary College's President is eligible for bonus earnings dependent upon the profitability of the Institution. New Jersey Educational Facilities Authority 221829511 64605KLBW 2003-01-28 14775000 renovation /refund o/s revenue 0 0 0 New Jersey Educational Facilities Authority 221829511 2007-03-15 4874617 paydown of contsruction loan 0 0 0 New Jersey Educational Facilities Authority 221829511 2006-10-16 9154113 paydown of construction loan 0 0 0 New Jersey Educational Facilities Authority 221829511 2010-12-15 13974000 Current refunding of construction loan for educational facilities 0 0 0 4800000 0 14914350 0 389497 0 295500 169554 45791 8744009 5270000 0 2006 1 0 1 1 315882 0 4784617 0 0 0 93590 0 0 352771 4338256 0 2007 1 0 1 1 435000 0 9154113 0 0 0 140223 0 0 0 9013990 0 2006 1 0 1 1 148935 0 13974000 0 0 0 165025 0 0 0 13808990 0 2010 1 0 0 1 0 1 0 0 0 0 0 1 0 1 0 0 0 0 0 1 0 1 0 0 0 0 0 1 0 1 1 1 0 0 0 0 1 0 1 1 TD Bank NA 10 0 0 0 0 0 0 1 0 0 0 1 0 1 0 0 0 1 0 1 0 0 0 1 X SchK_P04_S00_L01 Schedule K, Part IV, Line 1 A) $14,775,000 Bond Information 1) Part I (F) The current bonds refund the borrowers 200 Series F Dated November 22, 2000 2) Part II (3) Difference between Part I (e) and Part II (3) is due to interest earnings on bond Proceeds B) $9,154,113 Bond Information 1) The bonds current refund the borrowers construction loan note with Commerce Bank, National Association dated February 16, 2006. C) $13,974,000 Bond Information 1) Part I Line A (f) - The bonds current refund the borrows construction loan note with Commerce Bank, National Association dated October 1, 2008 2) Part III Line 2 - The borrower has entered into short term lease arrangements that are related to its tax exempt purpose and do not give rise to private use under section 1.141-3(d)(3)(ii) of the income tax regulations D) $4,794,617 Bond Information 1) The bonds current refund the borrowers construction loan note with Commerce Bank, National Association dated December 6, 2006 New Jersey Educational Facilities Authority 221829511 64605NBU7 2003-10-09 350000 Dormitory safety improvements 0 0 1 0 0 350000 0 0 0 0 0 0 350000 0 0 2006 0 0 1 1 0 0 0 0 0 1 0 0 0 0 0 0 Norman Worth Board Member 0 Board Member of our Bank 0 Dennis O'Rourke Board Member 0 Board Memberof our Bank 0 Norman Worth Board Member 30375 Centenary College purchases advertising on member owned radio station 0 X Horses 18 18 Valued at $1 each 0 1 0 F990_P06_S0A_L02 Form 990, Part VI, Section A, Line 2 Centenary College has multiple Trustee's from the same family on its Board. F990_P06_S0B_L11b Form 990, Part VI, Section B, Line 11b Form 990 is prepared internally and reviewed by the CFO/COO F990_P06_S0B_L12c Form 990, Part VI, Section B, Line 12c Each Officer, Director, Trustee and Key Employee is required to annually disclose any and all conflicts of interest that may arise by virtue of their employment or position with the College. Centenary College monitors compliance with its conflict of interest policy through an annual questionnaire submitted to said individuals. Any potential conflicts are immediately investigated. F990_P06_S0B_L15 Form 990, Part VI, Section B, Line 15 Centenary College undertakes a rigorous process to ensure that the executive compensation paid to top management officials and all officers and key employees of the organization is reasonable. In relevant part, The Board of Trustees has established a compensation committee comprised of independent persons that have no personal interest in the proposed compensation arrangement. the Board of Trustees uses an independent compensation consultant to help advise on the appropriate compensation levels for the president of the College. That compensation consultant will use comparability or benchmarking data(based upon industry surveys) that documents the compensation of persons holding similar positions in similar organizations. Once the consultant has made its recommendations, the Centenary College Compensation Committee must approve the compensation, without prior voting or participation by the person whose compensation is being approved or by any other individual with a conflict of interest. The final determination is then documented in the committee minutes. Those minutes will contain the terms of the proposed compensation. F990_P06_S0C_L19 Form 990, Part VI, Section C, Line 19 Centenary College makes its 990 and 990T available to the public by retaining a copy of each at the address listed on page one of the return. Any individual requesting a copy of these documents is provided that copy on the same business day. The College's form 990 is also available for public view electronically at www.guidestar.org. the College's governing documents and conflict of interest policy are available to the public upon request. F990_P08_S00_L01a Form 990, Part VIII, Line 1a Arden Davis Melick '60 Chairman Kenneth "Lee" Han, 1st Vice Chair Norman Worth, 2nd Vice Chair Christopher Treanor, 3rd Vice Chair Lucinda Thomas Embersitis, Secretary Alan Shaw, Treasurer Ellen Banks, 93 Audrey Bonaparte-Watts 78 Dr Howard Burrell Stanley Cain Bishop Sudarshana Devadhar Tilly-Jo Emerson Rochelle Goodman Wolfgang Gstattenbauer 84 Michael Halpin David Johnson David Lackland George Mueller Raymond Nisivoccia Dennis Hennessy O'Rourke Alden Siegel Orin Smith Timothy Smith James Stryker Linda Van Winkle 62 TRUSTEE EMERITUS Harris F Smith DR Hae-Jong Kim F990_P11_S00_L05 Form 990, Part XI, Line 5 Centenary College Posted Non-operating Activity Losses for investment loss and Net Loss on Swaps of $1,856,047