2013-05-10T13:30:29-07:00 2012-06-30 990 2011-07-01 161532850 EXCELSIOR COLLEGE EXCE 5184648500 7 Columbia Circle Albany NY 122035159 John Pontius 5184648384 2013-05-10 2011 2016-02-24 21:20:13Z John Ebersole 7 Columbia Circle Albany NY 122035159 87496801 0 X www.excelsior.edu X 1998 NY Excelsior College provides educational opportunity to adult learners with an emphasis on those historically underrepresented in higher education. The College meets students where they are - academically and geographically, offering quality instruction and the assessment of prior learning. 20 20 1491 0 0 0 889517 1045506 63365085 69521826 232007 720248 20507 66807 64507116 71354387 567810 594426 0 0 44538284 47972669 81737 69399 1365447 20495434 23991156 65683265 72627650 -1176149 -1273263 42249646 42181339 14156430 15822635 28093216 26358704 Excelsior College provides educational opportunity to adult learners with an emphasis on those historically underrepresented in higher education. The College meets students where they are - academically and geographically, offering quality instruction and the assessment of prior learning. 0 0 25589453 237871 35461161 Undergrad and Graduate Tuition (credit and non-credit bearing) Higher Education. During this period, 97,438 undergraduate hours of course instruction, and 11,807 hours of graduate level course instruction were delivered. 14836468 356555 16367190 Nursing and Written Examinations (administered examinations) Higher Education. During this period, the College administered 37,131 written examinations to students enrolled in its various programs and administered 2,372 performance examinations to students enrolled in its Nursing programs. 10018373 0 17657475 Enrollment in higher education. During this period, 16,186 new students enrolled in the College while there were 32,729 actively enrolled students as of 6/30/12. 5,157 students completed degree requirements between 7/1/11 and 6/30/12. 1883194 0 36000 Other program services consist of publishing and consulting related to the development and administration of online programs. 1883194 0 36000 52327488 1 1 0 1 0 0 0 1 0 1 1 0 0 0 1 1 1 0 1 1 1 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 319 0 1 1491 1 0 0 0 0 0 1 1 0 0 0 0 X 20 20 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 1 1 1 1 0 X Michele Auricchio 5184648804 Excelsior College 7 Columbia Circle Albany NY 12203 Richard Yep 1.2 X 0 0 0 Polly Baca 1.2 X 0 0 0 William G Harris 1.2 X 0 0 0 Helen Benjamin 1.2 X 0 0 0 Harold L Hodgkinson 1.2 X 0 0 0 Linda Davila 1.2 X 0 0 0 Garry Juanal 1.2 X 0 0 0 Don Dea 1.2 X 0 0 0 Michael Loughran 1.2 X 0 0 0 Gloria R Gelmann 1.2 X 0 0 0 Jerry L Neff 1.2 X 0 0 0 Bryanne Hamill 1.2 X 0 0 0 Mary O'Connor 1.2 X 0 0 0 David Oliker 1.2 X 0 0 0 Sharon I Richie-Melvan 1.2 X 0 0 0 Alvin J Schexnider 1.2 X 0 0 0 Harry L Staley 1.2 X 0 0 0 Pamela Tate 1.2 X 0 0 0 Andre Vacroux 1.2 X 0 0 0 John R Wetsch 1.2 X 0 0 0 Sara Waldorf 1.2 X 0 0 0 John Amidon 1.2 X 0 0 0 William T Moran 1.2 X 0 0 0 Kathryn J Whitmire 1.2 X 0 0 0 John Ebersole 37.5 X 439858 0 75768 Mary Beth Hanner 37.5 X 193505 0 31312 Joseph Porter 37.5 X 180037 0 17039 John M Pontius 37.5 X 163136 0 16845 Edmund McTernan 37.5 X 34871 0 5470 Anita Burns 37.5 X 119397 0 24340 Susan O'Hern 37.5 X 136719 0 28888 Cathy Kushner 37.5 X 158051 0 27811 Craig Maslowsky 37.5 X 130393 0 12572 Wayne Brown 37.5 X 218845 0 21237 Patrick Jones 37.5 X 154798 0 26583 Jane LeClair 37.5 X 150967 0 14854 Dana Offerman 37.5 X 137169 0 17532 Murray Block 37.5 X 134554 0 12957 George Timmons 37.5 X 135077 0 14422 Scott Dalrymple 37.5 X 142668 0 18057 Mary Lee Pollard 37.5 X 128481 0 12949 Nancy Davidson 37.5 X 111501 0 11138 William Stewart 37.5 X 108289 0 11539 2978316 0 401313 32 1 1 0 NCS Pearson Inc 13036 Collection Center Drive Chicago IL 60693 Examination Administrative Services 2023216 Southern Performance Assessment Center 3032 Briarcliff Road NE Atlanta GA 30329 Nursing Examination Administrative Services 1290821 Milton S Eisenhower Library Johns Hopkins University Baltimore MD 21218 Library Services 1220748 MVP Select Care PO Box 1434 Schenectady NY 123011434 Healthcare Administration 1193807 TATA Interactive Systems Leela Business Park Andheri Kurla Road Mumbai IN 400 059 Course Development Services 1039798 38 0 0 64392 0 451988 529126 7197 1045506 Graduate, Undergraduate, and Non-Credit Bearing Tuition 611310 35461161 35461161 0 0 Examination Fees 611310 16367190 16367190 0 0 Enrollment Related Fees 611310 17657475 17657475 0 0 Presidents' Forum Conference Fees 611310 23637 23637 0 0 Educators Serving Educators 611310 12363 12363 0 0 0 0 0 0 69521826 356200 0 0 356200 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 16477660 0 16042200 71412 435460 -71412 364048 0 0 364048 6520 64392 28802 -22282 0 -22282 Bad Check Charges 900099 4200 4200 0 0 Merchandise 900099 11276 11276 0 0 Miscellaneous 900099 73613 73613 0 0 0 0 0 0 89089 71354387 69610915 0 697966 0 0 594426 594426 0 0 0 0 2768772 659750 1904202 204820 0 0 0 0 36077296 30149396 5235015 692885 2520710 2188340 297079 35291 3592159 2980692 554433 57034 3013732 2518543 437309 57880 0 0 0 0 131240 0 131240 0 124232 0 124232 0 325642 0 325642 0 69399 69399 75411 0 75411 0 10762853 7442460 3277774 42619 1533766 0 1527925 5841 2281163 879400 1265919 135844 1445055 330 1444725 0 729054 729054 0 0 1010217 230219 779998 0 1857175 1395223 427901 34051 0 0 0 0 738256 300442 409156 28658 5022 0 5022 0 0 0 0 0 1579008 1010565 568443 0 44498 2914 41584 0 Credit Card Fees 793078 793078 0 0 College Wide Bad Debt Expense 434317 434317 0 0 Miscellaneous Expense 121169 18339 101705 1125 72627650 52327488 18934715 1365447 -932109 -553429 7983992 7793732 131234 129782 2619408 4074509 0 0 0 0 422437 619464 120844 139354 812385 1241044 23988042 13922570 9946135 10065472 21093851 18542598 0 0 0 0 0 0 51469 128813 42249646 42181339 7692634 8622501 269739 444283 4671321 5321148 1507618 1234716 0 0 0 0 2892 187953 0 0 12226 12034 14156430 15822635 X 26978371 25138039 515009 526845 599836 693820 28093216 26358704 42249646 42181339 X -1273263 -461249 X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 0 0 0 0 1 482664 0 1 142404 625068 0 SchC_P2B_S00_L01 Schedule C, Part II-B, Line 1 The majority of time/cost is spent in direct contact with various state legislators and other state government officials, in coordination with the College's registered lobbyist consultants, defending the College's Associate Degree Nursing program. The College works to have state statutes and/or regulations changed or introduced to ensure that the College's Associate Degree Nursing graduates are eligible for Registered Nurse licensure in those states. A significant portion of cost/time is spent preparing materials to aid College Officials, in coordination with the College's registered lobbyist consultants, in educating government officials on the fact that Excelsior College graduates are as prepared for licensure as nursing graduates from more traditional programs. Time is also spent drafting proposed legislation that would ensure Excelsior College nursing graduates would receive licensure in various states. 0 64800 0 0 X 0 568648 106517 3538 20681 -1878 3207 656693 453217 53899 103243 20690 21021 0 568648 419861 23575 48982 19490 19711 0 453217 402739 37250 -43015 17458 -40345 0 419861 0 0.92 0.08 0 0 0 706735 706735 0 7490070 2485238 5004832 0 359391 180685 178706 0 14763680 11191834 3571846 0 668166 64813 603353 10065472 0 Liabilities to beneficiaries under split interest agreements 12034 12034 71354387 72627650 -1273263 -461249 0 0 0 0 -461249 -1734512 71026401 -461249 33047 0 0 -428202 71454603 0 -100216 -100216 71354387 72760913 33047 0 0 0 33047 72727866 0 -100216 -100216 72627650 SchD_P03_S00_L04 Schedule D, Part III, Line 4 Consists of various paintings that have been donated to and/or purchased by the college and have been recorded at their appraised fair market value at the time of donation, or cost at time of purchase. This collection aids in fostering a sense of community and appreciation of the arts for students, faculty, and support staff of the college. SchD_P05_S00_L01e Schedule D, Part V, Line 1e In accordance with the State of New York Prudent Management of Institutional Funds Act (NYPMIFA), the 1,878 listed as other expenditures represents the College's transfer of funds related to the depreciation of endowment assets from Unrestricted Net Assets to Permanently Restricted Net Assets. SchD_P05_S00_L04 Schedule D, Part V, Line 4 The intended use of the College's endowment is for scholarships which are given to students to defray the cost of degree completion. SchD_P10_S00_L02 Schedule D, Part X, Line 2 The College is classified for tax purposes as an organization under Section 501(c)(3) of the Internal Revenue Code, and except for unrelated business income, if any, is exempt from federal income taxes under Section 501(a) of the Code. Therefore, no provision for income taxes is made in the accompanying financial statements. The College follows the FASB guidance regarding accounting for uncertain tax positions. The College believes that it has no uncertain tax positions taken or expected to be taken that could result in an unrecognized tax benefit liability. The College has no federal or state informational tax returns that are currently under examination by the Internal Revenue Service ("IRS") or state authorities. However, fiscal years 2009 and later remain subject to examination by the IRS and New York State SchD_P12_S00_L04b Schedule D, Part XII, Line 4b Includes fundraising expenses and loss on disposal of assets SchD_P13_S00_L04b Schedule D, Part XIII, Line 4b Includes fundraising expenses and loss on disposal of assets 1 1 0 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 organization meets the criteria established in section 4 03-2 of revenue procedures 75-50. SchE_P01_S00_L06 Schedule E, Part I, Line 6 The college receives government assistance in the form of; Federal Direct Loans, SEOG grants, NYS TAP grants, NYS APTS grants, training grants such as the HRSA traineeship, HRSA Nursing Student Loan program and the HRSA Nursing Faculty Loan Program. Europe (including Iceland and Greenland) Program Services Attending and Presenting at Academic Conferences 35888 South Asia Program Services Meet with other institutions to investigate articulation agreements and meet with course development vendors 15766 East Asia and the Pacific 1 Program Services International student recruitment and marketing assessment opportunities to other institutions 4193 South America Program Services Attend graduation ceremony of articulating institution 922 0 1 56769 0 0 0 0 0 0 X X X X X X X 1 Ruffalo Cody LLC 65 Kirkwood North Road SW Cedar Rapids IA 52404 Phone Solicitation 0 50543 43948 6595 Washburn & McGoldrick Inc 950 New Loudon Road Suite 210 Latham NY 12110 Consulting 0 0 12000 -12000 50543 55948 -5405 NY Partners in Lifelong Learning Scholarship Fundraising Event 70912 64392 6520 0 908 875 11742 0 15276 0 0 70912 64392 6520 0 908 875 11742 0 15276 28801 -22281 1 Scholarships 1039 594426 0 n/a The College provides individual scholarship assistance to enrolled students in order to defray the cost of the College's enrollment and examination fees. This assistance is provided through direct credit to the student's account with the college, ensuring funds are utilized for their intended purpose. Depending on the source of funds, there may be donor stipulations which students may need to adhere to in order to maintain eligibility of funds. In the event of such, ongoing monitoring is performed by the College's Financial Aid department. SchI_P01_S00_L02 Schedule I, Part I, Line 2 The College provides individual scholarship assistance to enrolled students in order to defray the cost of the College's enrollment and examination fees. This assistance is provided through direct credit to the student's account with the college, ensuring funds are utilized for their intended purpose. Depending on the source of funds, there may be donor stipulations which students may need to adhere to in order to maintain eligibility of funds. In the event of such, ongoing monitoring is performed by the College's Financial Aid department. X X X 1 1 X X X X X 0 0 0 0 0 0 0 0 0 John Ebersole 306728 0 43729 0 89401 0 63833 0 12698 0 516389 0 0 0 Mary Beth Hanner 187285 0 5900 0 320 0 19376 0 12332 0 225213 0 0 0 Dana Offerman 117161 0 19779 0 228 0 13764 0 3966 0 154898 0 0 0 Patrick Jones 144806 0 9769 0 223 0 14911 0 12955 0 182664 0 0 0 Joseph Porter 168134 0 0 0 11902 0 16834 0 344 0 197214 0 0 0 John M Pontius 162837 0 0 0 298 0 16603 0 500 0 180238 0 0 0 Nancy Davidson 92580 0 18569 0 352 0 11138 0 231 0 122870 0 0 0 Susan O'Hern 136563 0 0 0 156 0 14218 0 18771 0 169708 0 0 0 Cathy Kushner 157696 0 0 0 355 0 16345 0 11862 0 186258 0 0 0 Wayne Brown 204682 0 14000 0 163 0 20538 0 837 0 240220 0 0 0 Jane LeClair 150638 0 0 0 330 0 14385 0 865 0 166218 0 0 0 Scott Dalrymple 142496 0 0 0 171 0 13904 0 4213 0 160784 0 0 0 William Stewart 108066 0 0 0 223 0 11034 0 763 0 120086 0 0 0 SchJ_P01_S00_L01a Schedule J, Part I, Line 1a In calendar year 2011, the College grossed up taxable wage payments to the President to reimburse the President for taxes incurred related to supplemental voluntary health and welfare benefits. Additionally, in 2011 the college paid social club dues on behalf of the President for business use relating to College matters only, and as such, were not treated as taxable income to him. All personal use of the club was reimbursed to the College. A monthly housing allowance is provided to the President and is included in his taxable wages. The College reimburses a portion of health club dues of its employees as part of the College's wellness initiative policy. This benefit is available to all college employees, and is included in the taxable income of employees who use this benefit, including officers. Albany County Industrial Development Agency 222587283 2003-05-16 2292130 Refinance issue used for 7 Columbia Circle 0 0 0 Albany County Industrial Development Agency 141663410 2003-09-18 1300000 Purchase of 9 Columbia Circle 0 0 0 0 0 2292130 0 0 0 24404 0 0 2292130 0 0 2003 1 0 1 1 0 0 1300000 0 0 0 49901 0 0 1300000 0 0 2003 0 0 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 SchK_P05_S00_L00 Schedule K, Part V Practices are in place to ensure timely payment, representation of security, etc. for all tax exempt bond issuances. The College's tax exempt bond proceeds were spent immediately on tax-exempt qualifying building purchases and/or renovation. Currently, management reviews any new business ventures for consistency with the college's tax-exempt purpose. Donna L Jones Wife of Key Employee Patrick Jones 13919 Payments for Military Outreach Counseling Services 0 F990_P06_S0B_L11b Form 990, Part VI, Section B, Line 11b The form 990 was prepared by the accounting services department at the College. The information within the return was obtained through input from several Officers of the College. Following internal preparation of the return, it was forwarded to the College's independent auditors to seek their input before forwarding to the Audit Committee of the Board of Trustees. The Audit committee was delegated the authority to review and approve the final version of the information return by the Board of Trustees. The Audit Committee reviewed the final return in depth via teleconference with the Officers of the College and the accounting staff. Management at the College guided the Audit Committee through the various schedules included in the filing noting the purpose of the schedule and identifying the origin and sources of the content contained within. All questions posed by the Committee were answered by the Management of the College as documented in the minutes to the meeting. The final return was made available for inspection and review to all Board Members before final filing with the IRS. F990_P06_S0B_L12c Form 990, Part VI, Section B, Line 12c The College has had a written conflict of interest policy since June, 1998. This policy, as amended in 2008, is distributed annually to all Officers, Trustees, and other key employees each October. In addition to the policy, all officers, trustees and key employees are required to complete an annual disclosure statement indicating conflicts of interest and any direct or indirect professional and/or business arrangements with vendors with whom the College has a professional or business arrangement. Annually, the Audit Committee of the Board meets with General Counsel and the Secretary to the Board to review all disclosures and to determine the existence and severity of any conflicts. If conflicts exist, the Chairman of the Board is made aware of the conflicts and disclosures and the Secretary of the Board takes action as directed by the Audit Committee. Should the conflict exist at the Board level, full disclosure is made to all Board members and the affected member is recused from any vote related to the conflict of interest. Conflicts at levels below the Board are disclosed to the CEO, the VP of ODHR, and Legal Counsel to determine the impact of the conflict on the employees' ability to function in the affected role and take steps to resolve the conflict. F990_P06_S0B_L14 Form 990, Part VI, Section B, Line 14 Financial records are retained in accordance with the College's standard record retention policy. In addition, grant awards, certain mortgage and contractual arrangement require additional retention timeframes. Other departments in the College such as the Registrar and Financial Aid offices retain student records as required under federal regulations and agencies guidelines. F990_P06_S0B_L15 Form 990, Part VI, Section B, Line 15 In response to 15a: In 2010, a comprehensive independent study of the President's compensation was conducted by an external consultant. This study, commissioned under the direction of the Board of Trustees, looked at comparative data from a competitive pool determined by the external consultant. This study was the basis for the employment contract with the College President, which was approved by the Board of Trustees. This contract is subject to renewal, extension, or termination every four years by the Board of Trustees. Additionally, the compensation of the President is reviewed annually by the Executive Committee of the Board of Trustees. Each year the President and the Board agree to annual goals and the President provides monthly reports on the progress toward these goals. His achievements are the basis for an annual performance review conducted by the Executive Committee of the Board. All Board discussions are documented in the Board of Trustee meeting minutes. In response to 15b: The Office of Human Resources establishes compensation within various grade levels at the College based on several factors such as the current local job market and hiring rate in our area, the demographics of the region including the degree of difficulty and competition in acquiring the particular talent. In addition, a compensation study was performed in 2011 by an external consultant that compared duties, responsibilities, and compensation for all job titles of the college, including the Executive Staff. The study gathered data at the national level as well as industry-specific data and job market information for our region of the country. Salaries within the organization compared against this data. In 2013, the Board of Trustees has requested that the Office of Human Resources conduct a new Executive Compensation review with outside advisors. To accomplish this we have entered into a new agreement with an external consultant, who will conduct a new due diligence study designed to satisfy this request. F990_P06_S0B_L16b Form 990, Part VI, Section B, Line 16b The College's business arrangement with Pearson, PLC is for the development, marketing and administration of for credit exams, which is in keeping with the College's educational tax-exempt purpose. F990_P06_S0C_L19 Form 990, Part VI, Section C, Line 19 Abbreviated financial statements are issued annually in the annual report which is distributed to the student body, alumni, faculty and staff electronically. Hard copies of financial statements are available upon request. All other applicable documents are available upon request in hardcopy and electronic (.pdf) form. F990_P11_S00_L05 Form 990, Part XI, Line 5 The amount on this line represents unrealized gains and losses on investments held by the College. These are recorded on the College's audited financial statements in accordance with generally accepted accounting principles.