2026-02-06T14:28:12-07:00 2025-05-31 743118183 Drescher &Malecki LLP 2721 Transit Rd Suite 111 Elma NY 14059 990 2024-06-01 160759798 DAEMEN UNIVERSITY DAEM 7168398218 4380 Main Street Amherst NY 142263592 Timothy Balkin Vice President of Business Affairs 7168398218 2026-02-06 1 1 Matthew Montalbo P01858118 7165652299 2026-02-06 2024 2025-03-06 01:10:19Z Timothy Balkin 4380 Main Street Amherst NY 14226 146307605 0 X www.daemen.edu X 1947 NY Education - Private, Independent University. The mission of Daemen University is to prepare creative, ethically-minded leaders for a diverse and interconnected world by integrating the intellectual strengths acquired through the liberal arts with the preparation necessary for professional excellence to make meaningful contributions to society. 28 26 1321 60 578535 1 6254935 9138547 80159532 78926041 3241759 2577894 3470904 1861278 93127130 92503760 31762756 29685502 0 0 36263940 35881748 0 0 513015 24737596 26011894 92764292 91579144 362838 924616 84222864 86714837 34895410 36449442 49327454 50265395 Private, independent university providing higher education to students. The mission of Daemen University is to prepare creative, ethically-minded leaders for a diverse and interconnected world by integrating the intellectual strengths acquired through the liberal arts with the preparation necessary for professional excellence to make meaningful contributions to society. 0 0 84596448 29685502 92503760 Private, independent university providing higher education to students. The mission of Daemen University is to prepare creative, ethically-minded leaders for a diverse and interconnected world by integrating the intellectual strengths acquired through the liberal arts with the preparation necessary for professional excellence to make meaningful contributions to society. 0 0 0 84596448 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 0 1 0 1 0 1 0 1 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 1 1 0 0 0 1 329 0 1 1321 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 28 26 0 0 0 0 0 0 0 1 1 0 1 1 0 1 1 1 1 1 1 1 1 0 X Timothy Balkin 7168398218 4380 Main Street Amherst NY 142263592 Dr Gary A Olson President 40 0 X 542315 0 45289 Dr Michael Brogan Executive Vice President for Academic Affairs and Provost 40 0 X 184765 0 21820 Thomas Wojciechowski Executive Director of Web Communications 40 0 X 102282 0 88346 Gregory Ford Dean of the Scott Bieler College of Health Professions 40 0 X 119680 0 44989 Diane Bessel Matteson Associate Professor 40 0 X 154652 0 8944 Melaine Kenyon VP of Information Technology 40 0 X 131939 0 30326 Elizabeth Wright AVP OF Academic Relations 40 0 X 113645 0 47793 Mimi Steadman Vice President for Strategic Initiatives 40 0 X 128684 0 27635 Heather Maloney-Stassen Founding Dean & Vice Provost 40 0 X 124476 0 27282 Kerry Spicer Vice Pres. for Student Affairs & Dean of Students 40 0 X 112099 0 29733 Traci Murphy Vice President for Athletics 40 0 X 114935 0 26578 Mario Hicks VP of Institutional Advancement 40 0 X X 123600 0 3797 Jacquelyn Dole AVP of Business Affairs & Controller 40 0 X X 110577 0 8479 Tiffany Hamilton VP Institutional Equity & Belonging & HEOP Director 40 0 X 90423 0 24477 Robert Rood VP of Business Affairs 40 0 X X 86960 0 5899 Michael Ross Trustee 40 0 X 92038 0 294 Timothy Balkin Vice President of Business Affairs 40 0 X 82277 0 239 Lisa A Arida AVP of Business Affairs & Cont. 40 0 X 70199 0 6055 John Yurtchuk Chair 0.8 0 X 0 0 0 Paul Saffrin Vice Chair 0.8 0 X 0 0 0 JoEtte Zaccagnino Secretary/Treasurer 0.8 0 X 0 0 0 Lana Benatovich Trustee 0.4 0 X 0 0 0 Scott Bieler Trustee 0.4 0 X 0 0 0 Byron Brown Trustee 0.4 0 X 0 0 0 Mark Chason Trustee 0.4 0 X 0 0 0 JoAnn Falletta Trustee 0.4 0 X 0 0 0 Dorothy Ferguson Trustee 0.4 0 X 0 0 0 Scott Friedman Trustee 0.4 0 X 0 0 0 Terrence Gilbride Trustee 0.4 0 X 0 0 0 Robert Gioia Trustee 0.4 0 X 0 0 0 Jo-Ann Grabowski Trustee 0.4 0 X 0 0 0 Alan Gracie Trustee 0.4 0 X 0 0 0 Johnathan Graves Trustee 0.4 0 X 0 0 0 Jennifer Gurske-Deperio Trustee 0.4 0 X 0 0 0 Brian Higgins Trustee 0.4 0 X 0 0 0 Candace Johnson Trustee 0.4 0 X 0 0 0 Kathy Lawley-Best Trustee 0.4 0 X 0 0 0 Lynn Marinelli Trustee 0.4 0 X 0 0 0 Rebecca J McCormick-Boyle Trustee 0.4 0 X 0 0 0 Gail Y Mitchell Trustee 0.4 0 X 0 0 0 Thomas Reynolds Trustee 0.4 0 X 0 0 0 Shandra Spicer Trustee 0.4 0 X 0 0 0 Alan Turner II Trustee 0.4 0 X 0 0 0 Steven Zenger Trustee 0.4 0 X 0 0 0 2485546 0 447975 76 1 1 0 AES DE RS III LLC 282 Century Place Suite 2000 Louisville CO 80027 solar energy provider 431617 Energymark LLC 6653 Main St Williamsville NY 14221 Utility Supplier 247307 Hodgson Russ LLP The Guaranty Building 140 Pearl St Suite 100 Buffalo NY 14202 Legal Services 188690 ADPRO Sports LLC 55 Amherst Villa Rd Buffalo NY 14225 Athletic gear 126007 Tarian Group LLC 9530 Marketplace Rd Suite 103 Fort Myers FL 33912 Campus safety 102137 5 0 0 94595 0 2435395 6608557 1040515 9138547 Tuition & Fees 611310 69115397 69115397 0 0 Sales & Svc of Auxiliary Enterprises 611710 9810644 9810644 0 0 0 0 0 0 78926041 753826 0 0 753826 0 0 0 0 0 0 0 0 0 0 55560611 0 53736543 0 1824068 0 1824068 0 0 1824068 94595 94595 67302 27293 27293 Athletics & Student Activities 900099 375284 375284 0 0 Bookstore & Food Commissions 900099 135020 135020 0 0 1323681 745146 578535 0 1833985 92503760 80181491 578535 2605187 0 0 29685502 29685502 0 0 2198834 95484 1986860 116490 24920307 23097587 1632846 189874 1415426 1271296 128940 15190 5427001 4991019 360367 75615 1920180 1644765 260602 14813 80563 80563 31900 31900 123029 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46000 124332 22579140 19829204 111570 -45698 131900 48465 114166 19600545 21456423 93966 -1394611 141775 44672 140127 19829204 16769561 153273 4829431 123975 39688 132179 21456423 0.63 0.07 0.3 0 0 0 1171639 1171639 0 77219968 38037338 39182630 0 361140 361140 0 0 24267593 21015927 3251666 0 21186982 16517603 4669379 48275314 Government Bonds & T Bills 3328452 F Corporate Bonds 4618865 F Common Stock 17259162 F Money Funds 813644 F Alternative Investments 2109817 F Other 58927 F 28188867 Accrued Salaries Wages & Pension 2336877 Accrued Interest 203667 US Gov't Advances 270195 Operating Lease Liability 105597 2916336 92584387 13325 0 0 0 13325 92571062 0 -67302 -67302 92503760 91646446 0 0 0 67302 67302 91579144 0 0 0 91579144 Schedule D, Part V, Line 4 Endowment funds are intended to be used for scholarships or other expenditures to further the University's mission of higher education Schedule D, Part XI, Line 4b $67,302 constitutes fundraising expenses that are included on Part VIII, Line 8b. Schedule D, Part XII, Line 2d Represents fundraising expenses shown on 990, Part VIII, line 8b. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 The policy is communicated through the website, student and employment handbooks, print ads and broadcast. Schedule E, Part I, Line 6 The University receives state aid from New York State, including: Bundy Aid, Higher Education Opportunity Grant, NYS Library Grant, NYS Dept of Labor Grant, NYSDDPC Sub-award, and NYSED Foster Youth Care Initiative. The University also receives aid from the US Government, including US Department of Education Title IV programs, Federal Title III, NASA GEO model grant and Federal CEVSS Grant 1 Middle East and North Africa 0 0 Program Services Seminary Fees for housing 386053 0 0 386053 Student Financial Aid North America (including Canada and Mexico, but not the United States) 62 2554557 Applied to tuition 0 Book Daemen Work Program North America (including Canada and Mexico, but not the United States) 17 78122 wages 0 book 0 0 0 0 0 0 Schedule F, Part I, Line 2 Seminary fees are collected by Daemen University's Student Accounts Office and not remitted until verified and collected from the students. Schedule F, Part III Student financial aid was awarded to students attending the University in the US. The aid awarded was applied directly to outstanding student bills or paid out as wages for those eligible for the Daemen Work Program, up to a maximum of $4,800 per student per year or ($2,400 per student per term) Golf Outing 42845 0 42845 2500 0 13477 0 0 7704 Scholarship Gala 51750 0 51750 0 0 33493 0 450 9678 0 94595 0 94595 2500 0 46970 0 450 17382 67302 27293 1 Student Financial Aid Programs 1665 29685502 0 book Schedule I, Part I, Line 2 Schedule I, Part I, Line 2 - Student Financial Aid is credited to the individual student accounts and their net balances are monitored by the Business Office. X 1 1 X 0 1 0 0 0 0 0 0 0 Dr Gary A Olson President 491815 0 20000 0 30500 0 28392 0 16897 0 587604 0 0 0 Dr Michael Brogan Executive Vice President for Academic Affairs and Provost 157765 0 0 0 27000 0 15158 0 6662 0 206585 0 0 0 Melaine Kenyon VP of Information Technology 120378 0 0 0 11560 0 10214 0 20113 0 162265 0 0 0 Mimi Steadman Vice President for Strategic Initiatives 115255 0 0 0 13429 0 10742 0 16893 0 156319 0 0 0 Kerry Spicer Vice Pres. for Student Affairs & Dean of Students 106057 0 0 0 6042 0 9667 0 20066 0 141832 0 0 0 Traci Murphy Vice President for Athletics 108860 0 0 0 6075 0 9720 0 16858 0 141513 0 0 0 Robert Rood VP of Business Affairs 73114 0 0 0 13846 0 5648 0 251 0 92859 0 0 0 Mario Hicks VP of Institutional Advancement 121461 0 0 0 2139 0 3423 0 374 0 127397 0 0 0 Tiffany Hamilton VP Institutional Equity & Belonging & HEOP Director 85622 0 0 0 4801 0 7682 0 16795 0 114900 0 0 0 Jacquelyn Dole AVP of Business Affairs & Controller 105491 0 0 0 5086 0 8138 0 341 0 119056 0 0 0 Timothy Balkin Vice President of Business Affairs 82277 0 0 0 0 0 0 0 239 0 82516 0 0 0 Lisa A Arida AVP of Business Affairs & Cont. 50325 0 0 0 19874 0 5847 0 208 0 76254 0 0 0 Gregory Ford Dean of the Scott Bieler College of Health Professions 109658 0 0 0 10022 0 10022 0 34967 0 164669 0 0 0 Heather Maloney-Stassen Founding Dean & Vice Provost 117976 0 0 0 6500 0 10400 0 16882 0 151758 0 0 0 Diane Bessel Matteson Associate Professor 124152 0 0 0 30500 0 8553 0 391 0 163596 0 0 0 Thomas Wojciechowski Executive Director of Web Communications 95617 0 0 0 6665 0 8887 0 79459 0 190628 0 0 0 Elizabeth Wright AVP OF Academic Relations 101400 0 0 0 12245 0 9796 0 37997 0 161438 0 0 0 Schedule J, Part I, Line 1a The President of the University is provided with a residence for personal use Schedule J, Part I, Line 3 The University uses the following to establish the compensation of the organization's CEO/President: Review of the written employment contract, benchmarking with other institutions of higher education and review and approval by the Executive of the Board of Trustees. Schedule J, Part I, Line 4 An optional 457(b) plan is offered to cabinet members. A Town of Amherst Development Corporation 222867364 03135NAR2 2018-06-14 30445732 See part VI 0 0 0 A 0 0 0 30445732 0 590057 0 0 2051162 0 0 0 2021 1 0 1 1 A 0 0 0 0 0 0 0 1 0 1 A 1 0 0 0 0 1 A 1 Schedule K, Part I, Column f-06/14/2018 30,445,732 Town of Amherst Development Corporation Purpose of the issue was to refund two prior issues. Town of Amherst IDA CUSIP#031362EH5 6/30/2006 $14,310,000 and Town of Amherst IDA CUSIP# 31362EJ1 6/30/2006 $13,485,000 as well as provide $2,000,000 for capital projects Schedule K, Part IV, Line 2c-06/14/2018 30,445,732 Town of Amherst Development Corporation Schedule K, Part IV, Line 2c-06/14/2018 30,445,732 Town of Amherst Development Corporation - Rebate computation prepared as of 6/14/2023. No rebate due. Mark Chason Trustee 781672 Student Housing 0 Kathy-Lawley-Best Trustee 53445 Insurance 0 Steven Zenger Trustee 27510 Printing &" Bulk Mail Service 0 Candice Johnson Trustee 182880 Cytotechnology program 0 Schedule L, Part I, Line 1 1) The University leases student housing from Mark Chason's business. This business relationship existed prior to the individual becoming a trustee. The lease space is of a unique nature and there are no other vendors who could provide the services/space needed.2) The University brokers its insurance through Lawley Insurance, of which Kathy Lawley-Best is head of corporate relations. 3) The University utilizes the services of the Zenger Group where Steven Zenger is the president & CEO. 4) The University partners with Roswell Park Cancer for their a cyto-technology teaching program. Candace Johnson is the president and CEO of Roswell Park X 2 1040515 Fair Market Value X 8 Spaces in Dorm 8 58328 Fair Market value X Design Services 1 7500 FMV 0 0 1 1 Schedule M, Part I, Line 32b The University uses an investment broker to sell donated stocks if they do not align with their investment policies. Form 990, Part VI, Section B, Line 11b The Board of Trustees will ratify the Form 990 at the quarterly board meeting. The Form 990 is reviewed by the audit firm after preparation and available in the office of Business Affairs for review upon request. Form 990, Part VI, Section B, Line 12c The written conflict of interest policy covers employees and trustees. Officers ensure that all of their employees required to submit a conflict of interest policy do so. Form 990, Part VI, Section B, Line 15 The University President's compensation is reviewed and approved by the Executive Committee of the Board of Trustees and documented in the minutes. Compensation for members of the University's cabinet are reviewed in comparison with CUPA and Bureau of Labor statistics for benchmarking. Form 990, Part VI, Section C, Line 19 Copies of the Governing Documents, the Conflict of Interest Policy and the Financial Statements are made available upon request. Daemen University Physical Therapy Inc 4380 Main Street Amherst NY 14226 462438676 Physical therapy clinic NY 501(c)(3) 9 N/A 0 4380 Main Street Inc 4380 Main Street Amherst NY 14226 161003033 Liquor License NY N/A C 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 4380 Main Street Inc r 53 cash Daemen University Physical Therapy Inc d 12098 cash value