HOBART AND WILLIAM SMITH COLLEGES: Form 990, tax year 2011
View the entire original 990 at ProPublica ↗
- Organization
- HOBART AND WILLIAM SMITH COLLEGES (EIN 16-0743040)
- Tax period
- 2011-06-01 to 2012-05-31
- Filed
- 2013-04-15
- IRS object ID
- 201341059349300749
- Schema version
- 2011v1.5
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule E
- Schedule F
- Schedule I
- Schedule J
- Schedule K
- Schedule L
- Schedule M
- Schedule O
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2013-04-15T15:39:12-05:00 | Timestamp |
| Tax Period End Date | 2012-05-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PricewaterhouseCoopers LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 677 BROADWAY | AddressLine1 |
| City | ALBANY | City |
| State | NY | State |
| ZIP Code | 12207 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2011-06-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 160743040 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Hobart and William Smith Colleges | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| In Care Of Name | % Peter D Polinak | InCareOfName |
| Name Control | HOBA | NameControl |
| Phone | 3157813337 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 337 Pulteney Street | AddressLine1 |
| City | Geneva | City |
| State | NY | State |
| ZIP Code | 144563301 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | Peter Polinak | Name |
| Title | VP for Finance | Title |
| Date Signed | 2013-04-15 | DateSigned |
| Authorize Third Party | true | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | Jeffrey C Hamilton | Name |
| Phone | 5184622030 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2011 | TaxYear |
| Build TS | 2016-02-25 16:41:14Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | Mark D Gearan | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 337 Pulteney Street | AddressLine1 |
| City | Geneva | City |
| State | NY | State |
| ZIP Code | 144563301 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 232379894 | GrossReceipts |
| Group Return For Affiliates | false | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | www.hws.edu | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1943 | YearFormation |
| State Legal Domicile | NY | StateLegalDomicile |
| Activity Or Mission Description | Hobart and William Smith Colleges are a student-centered learning ENVIRONMENT, GLOBALLY FOCUSED, GROUNDED IN THE VALUES OF EQUITY AND SERVICE, DEVELOPING CITIZENS WHO WILL LEAD IN THE 21ST CENTURY. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 43 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 42 | NbrIndependentVotingMembers |
| Total Nbr Employees | 2287 | TotalNbrEmployees |
| Total Nbr Volunteers | 1500 | TotalNbrVolunteers |
| Total Gross UBI | 529768 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | -508101 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 14929783 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 11296472 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 109874186 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 115876406 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 6478045 | InvestmentIncomePriorYear |
| Investment Income Current Year | -1166445 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 676491 | OtherRevenuePriorYear |
| Other Revenue Current Year | 663168 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 131958505 | TotalRevenuePriorYear |
| Total Revenue Current Year | 126669601 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 37184744 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 40598624 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 47014879 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 51117696 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 3764029 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 43534884 | OtherExpensePriorYear |
| Other Expenses Current Year | 47772810 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 127734507 | TotalExpensesPriorYear |
| Total Expenses Current Year | 139489130 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 4223998 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | -12819529 | RevenuesLessExpensesCY |
| Total Assets BOY | 371807706 | TotalAssetsBOY |
| Total Assets EOY | 345447995 | TotalAssetsEOY |
| Total Liabilities BOY | 83166811 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 86192272 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 288640895 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 259255723 | NetAssetsOrFundBalancesEOY |
| Mission Description | HOBART AND WILLIAM SMITH COLLEGES ARE A STUDENT-CENTERED LEARNING ENVIRONMENT, GLOBALLY FOCUSED, GROUNDED IN THE VALUES OF EQUITY AND SERVICE, DEVELOPING CITIZENS WHO WILL LEAD IN THE 21ST CENTURY. | MissionDescription |
| Significant New Program Services | false | SignificantNewProgramServices |
| Significant Change | false | SignificantChange |
| Expense | 117820090 | Expense |
| Grants | 40598624 | Grants |
| Revenue | 113804528 | Revenue |
| Description | Hobart and William Smith Colleges are a student-centered learning environment in Geneva, N.Y -- the heart of the Finger Lakes region. The Colleges are located at the shore of Seneca Lake on a 195-acre campus. Hobart and William Smith have a combined enrollment of approximately 2,100, and employ 190 full-time faculty lines. This allows the Colleges to maintain a student- faculty ratio of 11:1. 45 majors and 65 minors are offered, where a student can obtain a Bachelor of Arts, Bachelor of Science, or a Master of Arts in Teaching degree. A rich interdisciplinary program and limitless opportunities for self-discovery are hallmarks of academics at the Colleges. Hobart and William Smith are also noted for an ambitious emphasis on international study and for programs in community engagement and service-learning. Nearly 60-percent of Hobart and William Smith students study abroad in more than 40 locations around the world. The Colleges view civic responsibility, community engagement, and international education as integral components of a liberal arts education. | Description |
| Total Program Service Expense | 117820090 | TotalProgramServiceExpense |
| Described In501 C3 | true | DescribedIn501C3 |
| Schedule B Required | true | ScheduleBRequired |
| Political Activities | false | PoliticalActivities |
| Lobbying Activities | false | LobbyingActivities |
| Subject To Proxy Tax | false | SubjectToProxyTax |
| Donor Advised Funds | false | DonorAdvisedFunds |
| Conservation Easements | false | ConservationEasements |
| Collections Of Art | false | CollectionsOfArt |
| Credit Counseling | false | CreditCounseling |
| Term Or Permanent Endowments | true | TermOrPermanentEndowments |
| Report Land Bldg Equip | true | ReportLandBldgEquip |
| Report Invest Oth Securities | true | ReportInvestOthSecurities |
| Report Prog Rel Invest | false | ReportProgRelInvest |
| Report Other Assets | false | ReportOtherAssets |
| Report Other Liabilities | true | ReportOtherLiabilities |
| Report Fin48 Footnote | false | ReportFin48Footnote |
| Independent Audit Financial Stmt | true | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | false | ConsolidatedAuditFinancialStmt |
| School | true | School |
| Foreign Office | true | ForeignOffice |
| Foreign Activities | true | ForeignActivities |
| More Than5000 K To Organizations | false | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividuals |
| Professional Fundraising | false | ProfessionalFundraising |
| Fundraising Activities | false | FundraisingActivities |
| Gaming | false | Gaming |
| Hospital | false | Hospital |
| Grants To Organizations | false | GrantsToOrganizations |
| Grants To Individuals | true | GrantsToIndividuals |
| Schedule J Required | true | ScheduleJRequired |
| Tax Exempt Bonds | true | TaxExemptBonds |
| Invest Tax Exempt Bonds | false | InvestTaxExemptBonds |
| Escrow Account | false | EscrowAccount |
| On Behalf Of Issuer | false | OnBehalfOfIssuer |
| Excess Benefit Transaction | false | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | false | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | false | LoanToOfficerOrDQP |
| Grant To Related Person | false | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | false | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | true | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | false | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | true | DeductibleNonCashContributions |
| Deductible Contributions Of Art | true | DeductibleContributionsOfArt |
| Terminated | false | Terminated |
| Partial Liquidation | false | PartialLiquidation |
| Disregarded Entity | false | DisregardedEntity |
| Related Entity | false | RelatedEntity |
| Related Org Controlled Entity | false | RelatedOrgControlledEntity |
| Transaction Related Entity | false | TransactionRelatedEntity |
| Transfers To Exempt Non Chrtbl Org | false | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | false | ActivitiesConductedPartnership |
| Schedule O Required | true | ScheduleORequired |
| Info In Schedule O Part V | X | InfoInScheduleOPartV |
| Number Forms Transmitted With1096 | 354 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | true | ComplianceWithBackupWitholding |
| Number Of Employees | 2287 | NumberOfEmployees |
| Employment Tax Returns Filed | true | EmploymentTaxReturnsFiled |
| Unrelated Business Income | true | UnrelatedBusinessIncome |
| Form990-T Filed | true | Form990-TFiled |
| Foreign Financial Account | true | ForeignFinancialAccount |
| Name Of Foreign Country | BF | NameOfForeignCountry |
| Name Of Foreign Country | CJ | NameOfForeignCountry |
| Name Of Foreign Country | HK | NameOfForeignCountry |
| Name Of Foreign Country | EI | NameOfForeignCountry |
| Name Of Foreign Country | MP | NameOfForeignCountry |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTrans |
| Taxable Party Notification | false | TaxablePartyNotification |
| Non Deductible Contributions | false | NonDeductibleContributions |
| Quid Pro Quo Contributions | true | QuidProQuoContributions |
| Quid Pro Quo Disclosure | true | QuidProQuoDisclosure |
| Form8282 Property Disposed Of | false | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | false | FundsToPayPremiums |
| Premiums Paid | false | PremiumsPaid |
| Indoor Tanning Services | false | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 43 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 42 | NumberIndependentVotingMembers |
| Family Or Business Relationship | false | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | false | DelegationOfManagementDuties |
| Changes To Organizing Docs | false | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuse |
| Members Or Stockholders | false | MembersOrStockholders |
| Election Of Board Members | false | ElectionOfBoardMembers |
| Decisions Subject To Approval | false | DecisionsSubjectToApproval |
| Minutes Of Governing Body | true | MinutesOfGoverningBody |
| Minutes Of Committees | true | MinutesOfCommittees |
| Officer Mailing Address | false | OfficerMailingAddress |
| Local Chapters | false | LocalChapters |
| Form990 Provided To Governing Body | true | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | true | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | true | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | true | RegularMonitoringEnforcement |
| Whistleblower Policy | true | WhistleblowerPolicy |
| Document Retention Policy | true | DocumentRetentionPolicy |
| Compensation Process CEO | true | CompensationProcessCEO |
| Compensation Process Other | false | CompensationProcessOther |
| Investment In Joint Venture | false | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | NY | StatesWhereCopyOfReturnIsFiled |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | Peter D Polinak | NamePerson |
| Telephone Number | 3157813337 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 337 Pulteney Street | AddressLine1 |
| City | Geneva | City |
| State | NY | State |
| ZIP Code | 144563301 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part VII | X | InfoInScheduleOPartVII |
Form990 Part VII Section A Form990PartVIISectionA (57 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | Highest Compensated EmployeeHighestCompensatedEmployee | FormerFormer |
|---|---|---|---|---|---|---|---|---|
| Mark Gearan | ||||||||
| Trustee and President | 60.0 | X | X | 449197 | 0 | 113711 | ||
| David H Deming | ||||||||
| Trustee Chair | 5.0 | X | X | 0 | 0 | 0 | ||
| Richard K Abbe | ||||||||
| Trustee | 2.0 | X | 0 | 0 | 0 | |||
| Daniel T Accordino | ||||||||
| Trustee | 2.0 | X | 0 | 0 | 0 | |||
| Linda D Arrington | ||||||||
| Trustee | 2.0 | X | 0 | 0 | 0 | |||
| Thomas S Bozzuto | ||||||||
| Trustee | 2.0 | X | 0 | 0 | 0 | |||
| Calvin R Carver Jr | ||||||||
| Trustee | 2.0 | X | 0 | 0 | 0 | |||
| Dr Stephen L Cohen | ||||||||
| Trustee | 2.0 | X | 0 | 0 | 0 | |||
| Langdon P Cook | ||||||||
| Trustee | 2.0 | X | 0 | 0 | 0 | |||
| Timothy S Eden | ||||||||
| Trustee | 2.0 | X | 0 | 0 | 0 | |||
| Katherine D Elliot | ||||||||
| Trustee | 2.0 | X | 0 | 0 | 0 | |||
| Cynthia Gelsthorpe Fish | ||||||||
| Trustee | 2.0 | X | 0 | 0 | 0 | |||
| J Paul Hellstrom Jr | ||||||||
| Trustee | 2.0 | X | 0 | 0 | 0 | |||
| Garrett A Mathieson | ||||||||
| Trustee | 2.0 | X | 0 | 0 | 0 | |||
| Herbert J McCooey Jr | ||||||||
| Trustee | 2.0 | X | 0 | 0 | 0 | |||
| Suzanne Folds McCullagh | ||||||||
| Trustee | 2.0 | X | 0 | 0 | 0 | |||
| Gail Herman McGinn | ||||||||
| Trustee | 2.0 | X | 0 | 0 | 0 | |||
| Carolyn Carr McGuire | ||||||||
| Trustee | 2.0 | X | 0 | 0 | 0 | |||
| Andrew G McMaster Jr | ||||||||
| Treasurer | 5.0 | X | X | 0 | 0 | 0 | ||
| Richard P Miller Jr | ||||||||
| Trustee | 2.0 | X | 0 | 0 | 0 | |||
| Allison B Morrow | ||||||||
| Trustee | 2.0 | X | 0 | 0 | 0 | |||
| Jane F Napier | ||||||||
| Trustee | 2.0 | X | 0 | 0 | 0 | |||
| The Rt Rev Prince G Singh | ||||||||
| Trustee | 2.0 | X | 0 | 0 | 0 | |||
| James C Spira | ||||||||
| Trustee | 2.0 | X | 0 | 0 | 0 | |||
| Dr Richard L Wasserman | ||||||||
| Trustee | 2.0 | X | 0 | 0 | 0 | |||
| Christopher S Welles | ||||||||
| Trustee | 2.0 | X | 0 | 0 | 0 | |||
| William T Whitaker Jr | ||||||||
| Trustee | 2.0 | X | 0 | 0 | 0 | |||
| Beth Yingling | ||||||||
| Secretary | 4.0 | X | X | 0 | 0 | 0 | ||
| Susan Lloyd Yolen | ||||||||
| Trustee | 2.0 | X | 0 | 0 | 0 | |||
| Maureen C Zupan | ||||||||
| Trustee Vice Chair | 5.0 | X | X | 0 | 0 | 0 | ||
| N Harrison Buck | ||||||||
| Trustee | 2.0 | X | 0 | 0 | 0 | |||
| William A Margiloff | ||||||||
| Trustee | 2.0 | X | 0 | 0 | 0 | |||
| Adele F Schlotzhauer | ||||||||
| Trustee | 2.0 | X | 0 | 0 | 0 | |||
| Craig M Stevens | ||||||||
| Trustee | 2.0 | X | 0 | 0 | 0 | |||
| Jerimiah J Booream-Phelps | ||||||||
| Trustee | 2.0 | X | 0 | 0 | 0 | |||
| Caroline G Dosky | ||||||||
| Trustee | 2.0 | X | 0 | 0 | 0 | |||
| Dr Robert H Gilman | ||||||||
| Trustee | 2.0 | X | 0 | 0 | 0 | |||
| Joy H Glaser MD | ||||||||
| Trustee | 2.0 | X | 0 | 0 | 0 | |||
| William C Green | ||||||||
| Trustee | 2.0 | X | 0 | 0 | 0 | |||
| Julia R Hoyle | ||||||||
| Trustee | 2.0 | X | 0 | 0 | 0 | |||
| Christopher M Jenco | ||||||||
| Trustee | 2.0 | X | 0 | 0 | 0 | |||
| David J Lenihan | ||||||||
| Trustee | 2.0 | X | 0 | 0 | 0 | |||
| Katherine R MacKinnon | ||||||||
| Trustee | 2.0 | X | 0 | 0 | 0 | |||
| Megan D Massey | ||||||||
| Trustee | 2.0 | X | 0 | 0 | 0 | |||
| Dr Deborah Pilla | ||||||||
| Trustee | 2.0 | X | 0 | 0 | 0 | |||
| Thomas B Poole | ||||||||
| Trustee | 2.0 | X | 0 | 0 | 0 | |||
| Daniel L Rosensweig | ||||||||
| Trustee | 2.0 | X | 0 | 0 | 0 | |||
| Craig R Stine | ||||||||
| Trustee | 2.0 | X | 0 | 0 | 0 | |||
| Anita Barker Weeks | ||||||||
| Trustee | 2.0 | X | 0 | 0 | 0 | |||
| Peter Polinak | ||||||||
| VP Finance & ASST Treasurer | 50.0 | X | 181421 | 0 | 19229 | |||
| Michael Hoepp | ||||||||
| ASST TO PRES & ASST SEC | 50.0 | X | 46897 | 0 | 14724 | |||
| Robert O'Connor | ||||||||
| VP for Inst. Advancement | 50.0 | 151941 | 0 | 30817 | X | |||
| Alfred Damiano | ||||||||
| Chief Information Officer | 50.0 | 176045 | 0 | 70007 | X | |||
| Eugen Baer | ||||||||
| Dean of Hobart College | 50.0 | 127922 | 0 | 48807 | X | |||
| Patrick McGuire | ||||||||
| Acting Provost and Dean | 50.0 | 145456 | 0 | 16079 | X | |||
| Robert Murphy | ||||||||
| VP for Enrollment Management | 50.0 | 226655 | 0 | 33247 | X | |||
| Teresa Amott | ||||||||
| Provost and Dean of Faculty | 50.0 | 129565 | 0 | 28026 | X | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 1635099 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 374647 | TotalOtherCompensation |
| Number Individuals GT100 K | 54 | NumberIndividualsGT100K |
| Formers Listed | true | FormersListed |
| Total Comp GT150 K | true | TotalCompGT150K |
| Compensation From Other Sources | false | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (5 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| Harter Secrest Emery LLP | |||||
| 1600 Bausch Lomb Place | ROCHESTER | NY | 14604 | Legal | 639373 |
| Greco Painting | |||||
| 790 West Washington Street | GENEVA | NY | 14456 | Painting Contractor | 298112 |
| Adsitt Seneca Builders LLC | |||||
| 150 Lenox Road | GENEVA | NY | 14456 | General Contractor | 245500 |
| John W Danforth Company | |||||
| 930 Old Dutch Road | VICTOR | NY | 14564 | General Contractor | 290239 |
| New Future Associates LLC | |||||
| 3255 Brighton Henrietta Twn Ln Rd S | ROCHESTER | NY | 14623 | R/E Asset Management | 195357 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 6 | NumberOfContractorsGT100K |
| Government Grants | 2485219 | GovernmentGrants |
| All Other Contributions | 8811253 | AllOtherContributions |
| Noncash Contributions | 325154 | NoncashContributions |
| Total Contributions | 11296472 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (5 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome | ExclusionExclusionAmount |
|---|---|---|---|---|
| TUITION AND FEES | 611600 | 94626972 | 94626972 | |
| RESIDENCE HALLS | 721310 | 10773253 | 10773253 | |
| DINING SERVICES | 722320 | 8324512 | 8324512 | |
| BOOKSTORE | 451211 | 2071878 | $2,071,878 | |
| ALL OTHER PROGRAM SERVICES | 900099 | 79791 | 79791 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 115876406 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 1824694 | TotalRevenueColumn |
| Unrelated Business Revenue | -140273 | UnrelatedBusinessRevenue |
| Exclusion | $1,964,967 | ExclusionAmount |
Income From Invest Bond Proceeds IncomeFromInvestBondProceeds
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 64 | TotalRevenueColumn |
| Exclusion | $64 | ExclusionAmount |
Royalties Revenue RoyaltiesRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Gross Rents GrossRents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 13080 | Real |
Less Rental Expenses LessRentalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 19953 | Real |
Rental Income Or Loss RentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | -6873 | Real |
Net Rental Income Or Loss NetRentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -6873 | TotalRevenueColumn |
| Exclusion | -$6,873 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 102699137 | Securities |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 105690340 | Securities |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | -2991203 | Securities |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -2991203 | TotalRevenueColumn |
| Exclusion | -$2,991,203 | ExclusionAmount |
Net Income From Fundraising Events NetIncomeFromFundraisingEvents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Net Income From Gaming NetIncomeFromGaming
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Net Income Or Loss NetIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Other Revenue Misc OtherRevenueMisc (2 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Unrelated Business RevenueUnrelatedBusinessRevenue |
|---|---|---|---|
| SUMMER CAMPS | 900099 | 616781 | 616781 |
| SPORT AND RECREATION CENTER MEMBERSHIPS | 713940 | 53260 | 53260 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 670041 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 126669601 | TotalRevenueColumn |
| Related Or Exempt Function Income | 113804528 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 529768 | UnrelatedBusinessRevenue |
| Exclusion | $1,038,833 | ExclusionAmount |
Grants To Domestic Orgs GrantsToDomesticOrgs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 40598624 | Total |
| Program Services | 40598624 | ProgramServices |
Foreign Grants ForeignGrants
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Benefits To Members BenefitsToMembers
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2126004 | Total |
| Program Services | 639848 | ProgramServices |
| Management And General | 1028017 | ManagementAndGeneral |
| Fundraising | 458139 | Fundraising |
Comp Disqual Persons CompDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 36487235 | Total |
| Program Services | 29761697 | ProgramServices |
| Management And General | 4878750 | ManagementAndGeneral |
| Fundraising | 1846788 | Fundraising |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2846097 | Total |
| Program Services | 2321136 | ProgramServices |
| Management And General | 345167 | ManagementAndGeneral |
| Fundraising | 179794 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 6819485 | Total |
| Program Services | 5431327 | ProgramServices |
| Management And General | 974191 | ManagementAndGeneral |
| Fundraising | 413967 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2838875 | Total |
| Program Services | 2268630 | ProgramServices |
| Management And General | 395659 | ManagementAndGeneral |
| Fundraising | 174586 | Fundraising |
Fees For Services Management FeesForServicesManagement
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 592425 | Total |
| Program Services | 1183 | ProgramServices |
| Management And General | 591242 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 205673 | Total |
| Management And General | 205673 | ManagementAndGeneral |
Fees For Services Lobbying FeesForServicesLobbying
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1010773 | Total |
| Management And General | 1010773 | ManagementAndGeneral |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 14019768 | Total |
| Program Services | 12607210 | ProgramServices |
| Management And General | 1352684 | ManagementAndGeneral |
| Fundraising | 59874 | Fundraising |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 148893 | Total |
| Program Services | 96860 | ProgramServices |
| Management And General | 49152 | ManagementAndGeneral |
| Fundraising | 2881 | Fundraising |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 4630334 | Total |
| Program Services | 3301615 | ProgramServices |
| Management And General | 1040153 | ManagementAndGeneral |
| Fundraising | 288566 | Fundraising |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2445388 | Total |
| Program Services | 1602002 | ProgramServices |
| Management And General | 823364 | ManagementAndGeneral |
| Fundraising | 20022 | Fundraising |
Royalties Royalties
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 8215555 | Total |
| Program Services | 7987905 | ProgramServices |
| Management And General | 227598 | ManagementAndGeneral |
| Fundraising | 52 | Fundraising |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1836793 | Total |
| Program Services | 1454042 | ProgramServices |
| Management And General | 247102 | ManagementAndGeneral |
| Fundraising | 135649 | Fundraising |
Travel Entrtnmnt Public Officials TravelEntrtnmntPublicOfficials
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 218736 | Total |
| Program Services | 190292 | ProgramServices |
| Management And General | 22909 | ManagementAndGeneral |
| Fundraising | 5535 | Fundraising |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1673446 | Total |
| Program Services | 1593121 | ProgramServices |
| Management And General | 80325 | ManagementAndGeneral |
Payments To Affiliates PaymentsToAffiliates
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 7767790 | Total |
| Program Services | 7394936 | ProgramServices |
| Management And General | 364504 | ManagementAndGeneral |
| Fundraising | 8350 | Fundraising |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 342457 | Total |
| Program Services | 12432 | ProgramServices |
| Management And General | 330025 | ManagementAndGeneral |
Other Expenses OtherExpenses (2 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral | FundraisingFundraising |
|---|---|---|---|---|
| MISCELLANEOUS | 1795055 | 557230 | 1067999 | 169826 |
| LOSS ON PLEDGES | 2869724 | 2869724 |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 139489130 | Total |
| Program Services | 117820090 | ProgramServices |
| Management And General | 17905011 | ManagementAndGeneral |
| Fundraising | 3764029 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 28326475 | BOY |
| EOY | 23753353 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 9207972 | BOY |
| EOY | 6149716 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1579277 | BOY |
| EOY | 1403793 | EOY |
Receivables From Officers Etc ReceivablesFromOfficersEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Receivables From Disqual Persons ReceivablesFromDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2592123 | BOY |
| EOY | 2511991 | EOY |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 523030 | BOY |
| EOY | 554188 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1735592 | BOY |
| EOY | 2103087 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 234355297 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 95735954 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 138482264 | BOY |
| EOY | 138619343 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 77552286 | BOY |
| EOY | 68304245 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 111259088 | BOY |
| EOY | 102048184 | EOY |
Investments Program Related InvestmentsProgramRelated
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Intangible Assets IntangibleAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 549599 | BOY |
| EOY | 95 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 371807706 | BOY |
| EOY | 345447995 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 8560725 | BOY |
| EOY | 8929848 | EOY |
Grants Payable GrantsPayable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1028454 | BOY |
| EOY | 1639377 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2248379 | BOY |
| EOY | 2226854 | EOY |
Tax Exempt Bond Liabilities TaxExemptBondLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 58898303 | BOY |
| EOY | 57555028 | EOY |
Escrow Account Liability EscrowAccountLiability
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Loans From Officers Directors LoansFromOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2556000 | BOY |
| EOY | 2424000 | EOY |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 9874950 | BOY |
| EOY | 13417165 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 83166811 | BOY |
| EOY | 86192272 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 108302186 | BOY |
| EOY | 95484821 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 61984642 | BOY |
| EOY | 45753114 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 118354067 | BOY |
| EOY | 118017788 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 288640895 | BOY |
| EOY | 259255723 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 371807706 | BOY |
| EOY | 345447995 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | -12819529 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | -16565643 | ReconcilationOtherChanges |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | false | AccountantCompileOrReview |
| FS Audited | true | FSAudited |
| Audit Committee | true | AuditCommittee |
| Financial Statement Separate | X | FinancialStatementSeparate |
| Federal Grant Audit Required | true | FederalGrantAuditRequired |
| Federal Grant Audit Performed | true | FederalGrantAuditPerformed |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School170b1 Aii | X | School170b1Aii |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Art Public Exhibition Amts | ArtPublicExhibitionAmts | |
| Held Works Of Art Amts | HeldWorksOfArtAmts |
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 182833093 | BeginningOfYearBalance |
| Contributions | 1839005 | Contributions |
| Investment Earnings Or Losses | -14533394 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 2922603 | GrantsOrScholarships |
| Other Expenditures | 4913580 | OtherExpenditures |
| Administrative Expenses | 1063708 | AdministrativeExpenses |
| End Of Year Balance | 161238813 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 165864735 | BeginningOfYearBalance |
| Contributions | 3971002 | Contributions |
| Investment Earnings Or Losses | 20377111 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 3189919 | GrantsOrScholarships |
| Other Expenditures | 5082330 | OtherExpenditures |
| Administrative Expenses | -892494 | AdministrativeExpenses |
| End Of Year Balance | 182833093 | EndOfYearBalance |
Current Year Minus2 Years CurrentYearMinus2Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 140856221 | BeginningOfYearBalance |
| Contributions | 7109814 | Contributions |
| Investment Earnings Or Losses | 17815689 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 3155991 | GrantsOrScholarships |
| Other Expenditures | 4945000 | OtherExpenditures |
| Administrative Expenses | -8184002 | AdministrativeExpenses |
| End Of Year Balance | 165864735 | EndOfYearBalance |
Current Year Minus3 Years CurrentYearMinus3Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 185083906 | BeginningOfYearBalance |
| Contributions | 2322803 | Contributions |
| Investment Earnings Or Losses | -38931685 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 3026888 | GrantsOrScholarships |
| Other Expenditures | 4793512 | OtherExpenditures |
| Administrative Expenses | -201597 | AdministrativeExpenses |
| End Of Year Balance | 140856221 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated EOY Balance | 0.12000 | BoardDesignatedEOYBalance |
| Permanent Endowment EOY Balance | 0.73000 | PermanentEndowmentEOYBalance |
| Term Endowment EOY Balance | 0.15000 | TermEndowmentEOYBalance |
| Endowments Held By Unrelated Orgs | false | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | false | EndowmentsHeldByRelatedOrgs |
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 3407792 | OtherCostOrOtherBasis |
| Book Value | 3407792 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 197636 | InvestmentCostOrOtherBasis |
| Other Cost Or Other Basis | 153747576 | OtherCostOrOtherBasis |
| Depreciation | 53201968 | Depreciation |
| Book Value | 100743244 | BookValue |
Leasehold Improvements LeaseholdImprovements
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 13103428 | OtherCostOrOtherBasis |
| Depreciation | 3805678 | Depreciation |
| Book Value | 9297750 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 23139 | InvestmentCostOrOtherBasis |
| Other Cost Or Other Basis | 43882201 | OtherCostOrOtherBasis |
| Depreciation | 27518356 | Depreciation |
| Book Value | 16386984 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 19993525 | OtherCostOrOtherBasis |
| Depreciation | 11209952 | Depreciation |
| Book Value | 8783573 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 138619343 | TotalOfBookValueLandBuildings |
| Financial Derivatives | FinancialDerivatives | |
| Closely Held Equity Interests | CloselyHeldEquityInterests |
Other Securities OtherSecurities (5 entries)
| DescriptionDescription | Book ValueBookValue | Method Of ValuationMethodOfValuation |
|---|---|---|
| CASH AND CASH EQUIVALENTS | 10810702 | F |
| REAL ESTATE | 6827504 | F |
| PRIVATE EQUITY | 10540735 | F |
| HEDGE FUNDS | 72006583 | F |
| OTHER | 1862660 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Securities | 102048184 | TotalOfBookValueSecurities |
| Federal Income Tax Liability | 0 | FederalIncomeTaxLiability |
Other Liabilities OtherLiabilities (3 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| REFUNDABLE ADVANCES FROM GOV'T | $1,991,012 |
| ASSET RETIREMENT OBLIGATIONS | $2,253,001 |
| FAIR VALUE OF SWAP AGREEMENT | $9,173,152 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 13417165 | TotalOfAmounts |
| Total Revenue | 126669601 | TotalRevenue |
| Total Expenses | 139489130 | TotalExpenses |
| Excess Or Deficit For Year | -12819529 | ExcessOrDeficitForYear |
| Net Unrealized GL On Investments | -14096081 | NetUnrealizedGLOnInvestments |
| Investment Expenses | 1010773 | InvestmentExpenses |
| Other | -$3,480,335 | OtherAmount |
| Total Adjustments | -16565643 | TotalAdjustments |
| Excess Or Deficit Per FS | -29385172 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 71994849 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | -14096081 | NetUnrealizedGainsInvestments |
| Other Revenues | -40598624 | OtherRevenues |
| Revenue Not Rptd F990 | -54694705 | RevenueNotRptdF990 |
| Revenue Subtotal | 126689554 | RevenueSubtotal |
| Other Revenues Not Included | -19953 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | -19953 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 126669601 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 95029963 | TotExpensesEtcAuditedFinclStmt |
| Other Expenses Included | 19953 | OtherExpensesIncluded |
| Expenses Not Rptd F990 | 19953 | ExpensesNotRptdF990 |
| Expenses Subtotal | 95010010 | ExpensesSubtotal |
| Investment Expenses Not Included2 | 1010773 | InvestmentExpensesNotIncluded2 |
| Other Expenses Not Included | 43468347 | OtherExpensesNotIncluded |
| Expenses Not Rptd On Fin Stmt | 44479120 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 139489130 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (6 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| Endowment Funds | Schedule D, Part V, Line 4 | Endowment funds are long-term assets of the Colleges created either by donor gifts or by actions of the Board of Trustees. Their purpose is to generate, in perpetuity, operating revenue for specific activities or for the use of the Colleges. Endowment funds are invested under direction of the Board of Trustees to achieve maximum long-term total return with prudent concern for the preservation of investment capital. |
| Reconciliation of Change in Net Assets from 990 to Financial Statements | Schedule D, Part XI, Line 8 | Non-operating loss due to the change in the fair value of the swap agreement and not reported as a loss on Form 990. |
| Reconciliation of Revenue Per Audited Financials With Revenue Per Return | Schedule D, Part XII, Line 2d | Scholarships awarded to students that are netted against tuition and fees in the audited financial statements, but are reportable as revenue on Form 990. |
| Reconciliation of Revenue Per Audited Financials with Revenue Per Return | Schedule D, Part XII, Line 4B | Reclassify rental expense that is netted against rental revenues in the audited financial statements as the gross rental revenue and expenses must be reported on Form 990. |
| Reconciliation of Expenses Per Audited Financials with Revenue Per Return | Schedule D, Part XIII, Line 2D | Reclassify rental expense that is netted against rental revenues in the audited financial statements as the gross rental revenue and expenses must be reported on Form 990. |
| Reconciliation of Expenses Per Audited Financials With Expenses Per Return | Schedule D, Part XIII, Line 4B | Scholarships awarded to students that are netted against tuition and fees in the audited financial statements, but are reportable as grants on Form 990. |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | true | NondiscriminatoryPolicyStmt |
| Policy Statement In Brochures Etc | true | PolicyStatementInBrochuresEtc |
| Policy Publ Via Broadcast Media | true | PolicyPublViaBroadcastMedia |
| Maint Racial Composition Records | true | MaintRacialCompositionRecords |
| Maint Scholarships Records | true | MaintScholarshipsRecords |
| Maint Copies Of Brochures Etc | true | MaintCopiesOfBrochuresEtc |
| Maint Copies Of All Solicitations | true | MaintCopiesOfAllSolicitations |
| Discriminate Race Students Rights | false | DiscriminateRaceStudentsRights |
| Discriminate Race Admiss Policies | false | DiscriminateRaceAdmissPolicies |
| Discriminate Race Emplmn Faculty | false | DiscriminateRaceEmplmnFaculty |
| Discriminate Race Scholarships | false | DiscriminateRaceScholarships |
| Discriminate Race Educ Policies | false | DiscriminateRaceEducPolicies |
| Discriminate Race Use Of Fclts | false | DiscriminateRaceUseOfFclts |
| Discriminate Race Athletic Prog | false | DiscriminateRaceAthleticProg |
| Discriminate Race Other Acty | false | DiscriminateRaceOtherActy |
| Government Financial Aid Received | true | GovernmentFinancialAidReceived |
| Government Financial Aid Revoked | false | GovernmentFinancialAidRevoked |
| Compliance With Rev Proc7550 | true | ComplianceWithRevProc7550 |
Form990 Schedule E Part II Form990ScheduleEPartII (2 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| Discrimination Policy | Schedule E, LN 3 | Hobart and William Smith Colleges have publicized our racially nondiscriminatory policy in all our solicitations for students. Applicants are recruited through the aid of direct mail and electronic documents, general college publications freely accessible to the community, advertisements in regional and general interest publication and the colleges' website www.hws.edu. |
| Government Financial Assistance | Schedule E, LN 6 | Hobart and William Smith Colleges receive funds from the Federal Work Study program, federal supplemental Education Opportunity Grant program, Federal Pell Grant Program, federal Perkins Loan program, Federal Direct Loan program, New York State Tuition Assistance Program, New York State Bundy Aid, and New York State HIgher Education Opportunity programs. |
Schedule F IRS990ScheduleF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | true | GrantRecordsMaintained |
Accts Actvs Out US Table AcctsActvsOutUSTable (13 entries)
| RegionRegion | Number Of OfficesNumberOfOffices | Number Of EmployeesNumberOfEmployees | Type Of Activities ConductedTypeOfActivitiesConducted | Specific Services ProvidedSpecificServicesProvided | Total ExpendituresTotalExpenditures |
|---|---|---|---|---|---|
| Central America and the Caribbean | 0 | 0 | Program Services | Off Campus Study Prog. | 74103 |
| East Asia and the Pacific | 0 | 1 | Program Services | Off Campus Study Prog. | 653129 |
| Europe (Including Iceland and Greenland) | 0 | 7 | Program Services | Off Campus Study Prog. | 1826544 |
| Middle East and North Africa | 0 | 0 | Program Services | Off Campus Study Prog. | 45380 |
| North America | 0 | 0 | Program Services | Off Campus Study Prog. | 742 |
| Russia and the Newly Independent States | 0 | 0 | Program Services | Off Campus Study Prog. | 31600 |
| South America | 0 | 0 | Program Services | Off Campus Study Prog. | 33960 |
| South Asia | 0 | 1 | Program Services | Off Campus Study Prog. | 41481 |
| Sub-Saharan Africa | 0 | 1 | Program Services | Off Campus Study Prog. | 25800 |
| Central America and the Caribbean | Investments | 51910000 | |||
| Europe (Including Iceland and Greenland) | Investments | 10250000 | |||
| Sub-Saharan Africa | Investments | 2440000 | |||
| East Asia and the Pacific | Investments | 4540000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Number Of Offices | 0 | SubtotalNumberOfOffices |
| Subtotal Number Of Employees | 10 | SubtotalNumberOfEmployees |
| Total Number Of Offices | 0 | TotalNumberOfOffices |
| Total Number Of Employees | 10 | TotalNumberOfEmployees |
| Subtotal Amount Spent | 71872739 | SubtotalAmountSpent |
| Total Amount Spent | 71872739 | TotalAmountSpent |
| Transfer To Foreign Corp | true | TransferToForeignCorp |
| Interest In Foreign Trust | false | InterestInForeignTrust |
| Own Foreign Corp | false | OwnForeignCorp |
| Passive Foreign Invest Co | false | PassiveForeignInvestCo |
| Foreign Partnership | true | ForeignPartnership |
| Boycott Countries | false | BoycottCountries |
Form990 Schedule F Part V Form990ScheduleFPartV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | General Information on Activities Outside the United States | Identifier |
| Return Reference | Schedule F, Part I, Line 2 | ReturnReference |
| Explanation | Hobart and William Smith Colleges provide grant funding for eligible students, some of these students participate in off campus study programs. However, grants to these students are generally paid to them before they physically leave the country. Reconciliations are performed at the completion of each semester of the off campus study programs to determine accuracy of the accounting for expenditures. | Explanation |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | true | RecordsMaintained |
Form990 Schedule I Part III Form990ScheduleIPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Type Of Grant | Scholarships to Students | TypeOfGrant |
| Number Of Recipients | 1583 | NumberOfRecipients |
| Amount Of Cash Grant | 40598624 | AmountOfCashGrant |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | General Information on Grants and Assistance | Identifier |
| Return Reference | Part 1, Line 2 | ReturnReference |
| Explanation | Hobart and William Smith Colleges offer grants to students on the basis of demonstrated financial need and/or academic achievement. Students and their families submit standardized application materials to the Office of Financial Aid and Student Employment, which oversees the process of awarding such grants. Eligibility criteria for the various grants is established by the Colleges. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Housing Allowance Or Residence | X | HousingAllowanceOrResidence |
| Club Dues Or Fees | X | ClubDuesOrFees |
| Personal Services | X | PersonalServices |
| Written Policy Re T And E Expenses | true | WrittenPolicyReTAndEExpenses |
| Substantiation Required | true | SubstantiationRequired |
| Compensation Committee | X | CompensationCommittee |
| Form990 Of Other Organizations | X | Form990OfOtherOrganizations |
| Written Employment Contract | X | WrittenEmploymentContract |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | false | SeverancePayment |
| Supplemental Nonqual Retire Plan | false | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | true | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | false | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | false | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | false | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | false | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | false | AnyNonFixedPayments |
| Initial Contract Exception | false | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII (8 entries)
| Base Compensation Filing OrgBaseCompensationFilingOrg | Comp Based On Related OrgsCompBasedOnRelatedOrgs | Bonus Filing OrgBonusFilingOrg | Bonus Related OrgsBonusRelatedOrgs | Other Compensation Filing OrgOtherCompensationFilingOrg | Other Compensation Related OrgsOtherCompensationRelatedOrgs | Deferred Comp Filing OrgDeferredCompFilingOrg | Deferred Comp Related OrgsDeferredCompRelatedOrgs | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs | Total Compensation Filing OrgTotalCompensationFilingOrg | Total Compensation Related OrgsTotalCompensationRelatedOrgs | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg | Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Mark Gearan | |||||||||||||
| 411599 | 0 | 0 | 0 | 37598 | 0 | 24500 | 0 | 80808 | 0 | 554505 | 0 | 0 | 0 |
| Peter Polinak | |||||||||||||
| 180742 | 0 | 0 | 0 | 679 | 0 | 18014 | 0 | 1215 | 0 | 200650 | 0 | 0 | 0 |
| Teresa Amott | |||||||||||||
| 128971 | 0 | 0 | 0 | 594 | 0 | 10474 | 0 | 17552 | 0 | 157591 | 0 | 0 | 0 |
| Robert O'Connor | |||||||||||||
| 151812 | 0 | 0 | 0 | 129 | 0 | 15634 | 0 | 15183 | 0 | 182758 | 0 | 0 | 0 |
| Alfred Damiano | |||||||||||||
| 175676 | 0 | 0 | 0 | 369 | 0 | 18212 | 0 | 51545 | 0 | 245802 | 0 | 0 | 0 |
| Eugen Baer | |||||||||||||
| 125858 | 0 | 0 | 0 | 2064 | 0 | 13230 | 0 | 35577 | 0 | 176729 | 0 | 0 | 0 |
| Patrick McGuire | |||||||||||||
| 144061 | 0 | 0 | 0 | 1395 | 0 | 14452 | 0 | 1627 | 0 | 161535 | 0 | 0 | 0 |
| Robert Murphy | |||||||||||||
| 175614 | 0 | 50000 | 0 | 1041 | 0 | 18014 | 0 | 15233 | 0 | 259902 | 0 | 0 | 0 |
Form990 Schedule J Part III Form990ScheduleJPartIII (4 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| Questions Regarding Compensation | Schedule J, Part 1, Line 1a | Housing Allowance or Residence for Personal Use: President Gearan, Provost Amott, Dean Baer are provided housing as a condition of their employment and for the convenience of the colleges. |
| Questions Regarding Compensation | Schedule J, Part 1, Line 1a | Health or Social Club Dues or Initiation Fees: President Gearan received memberships to two social clubs for the purposes of meeting and entertainment of alumni and other guests of the colleges. |
| Questions Regarding Compensation | Schedule J, Part 1, Line 1a | President Gearan is provided housekeeping services for his campus housing to maintain it for the colleges' related uses and the convenience of the colleges. |
| Questions Regarding Compensation | Schedule J, Part 1, Line 4c | President Gearan participates in a frozen stock option arrangement where he may exercise the option to buy specified securities prior to an expiration date. The value of this option decreased by $28,662 during calendar year 2011. No payments to President Gearan have been made under this arrangement. |
Schedule K IRS990ScheduleK
Form990 Schedule K Part I Form990ScheduleKPartI (3 entries)
| Issuer EINIssuerEIN | CUSIP NumberCUSIPNumber | Date IssuedDateIssued | Issue PriceIssuePrice | Description Of PurposeDescriptionOfPurpose | DefeasedDefeased | On Behalf Of IssuerOnBehalfOfIssuer | Pool FinancingPoolFinancing |
|---|---|---|---|---|---|---|---|
| City of Geneva Civic Facility Series 2003B | |||||||
| 161266095 | 372175BR9 | 2003-02-01 | 2115000 | Refinance Capital Lease | false | true | false |
| City of Geneva Ind Dev Agency Multi-Modal | |||||||
| 162366095 | 372175BU2 | 2007-12-01 | 31250000 | Capital Projects | false | true | false |
| City of Geneva Civic Facility Series 2003A | |||||||
| 161266095 | 372175BQ1 | 2003-02-01 | 20000000 | Capital Projects | false | true | false |
Form990 Schedule K Part II Form990ScheduleKPartII (3 entries)
| Amount RetiredAmountRetired | Amount Bond DefeasedAmountBondDefeased | Total ProceedsTotalProceeds | Amount In Reserve FundAmountInReserveFund | Capitalized InterestCapitalizedInterest | Refunding EscrowRefundingEscrow | Issuance Costs From ProceedsIssuanceCostsFromProceeds | Credit EnhancementCreditEnhancement | Working Capital ExpendituresWorkingCapitalExpenditures | Capital ExpendituresCapitalExpenditures | Other Spent ProceedsOtherSpentProceeds | Amount UnspentAmountUnspent | Year Of Subst CompletionYearOfSubstCompletion | Current RefundingCurrentRefunding | Advance RefundingAdvanceRefunding | Final Allocation MadeFinalAllocationMade | Adequate Books And Recds MaintaindAdequateBooksAndRecdsMaintaind |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 0 | 0 | 2093427 | 0 | 0 | 0 | 31511 | 0 | 0 | 1992196 | 0 | 10508 | 2004 | false | false | true | true |
| 0 | 0 | 31799597 | 0 | 0 | 0 | 475668 | 0 | 0 | 30524597 | 0 | 0 | 2011 | false | false | true | true |
| 0 | 0 | 19004513 | 0 | 0 | 0 | 255195 | 0 | 0 | 18698357 | 0 | 0 | 2006 | false | false | true | true |
Form990 Schedule K Part III Form990ScheduleKPartIII (3 entries)
| Owning Bond Financed PropertyOwningBondFinancedProperty | Any Lease ArrangementsAnyLeaseArrangements | Mngment Cntrct Bond Financd PrprtyMngmentCntrctBondFinancdPrprty | Engage Bond Counsel ContractsEngageBondCounselContracts | Any Research AgreementsAnyResearchAgreements | Prcntge Prvt Business Use By OthersPrcntgePrvtBusinessUseByOthers | Percentage Of Prvt Business Re UBIPercentageOfPrvtBusinessReUBI | Total Private Business UseTotalPrivateBusinessUse | Post Issuance Compliance ProcdrsPostIssuanceComplianceProcdrs |
|---|---|---|---|---|---|---|---|---|
| false | false | true | true | false | 0 | 0.05900 | 0.05900 | true |
| false | false | true | true | false | 0 | 0.02000 | 0.02000 | true |
| false | false | true | true | false | 0 | 0.02400 | 0.02400 | true |
Form990 Schedule K Part IV Form990ScheduleKPartIV (3 entries)
| Form8038 T FiledForm8038TFiled | Variable Rate IssueVariableRateIssue | Hedge Identified In Books And RecdsHedgeIdentifiedInBooksAndRecds | Gross Proceeds Invested In GICGrossProceedsInvestedInGIC | Business Name Line1NameOfGICProvider/BusinessNameLine1 | Gross Proceeds InvestedGrossProceedsInvested | Exception To RebateExceptionToRebate | Term Of HedgeTermOfHedge | Superintegrated HedgeSuperintegratedHedge | Hedge TerminatedHedgeTerminated |
|---|---|---|---|---|---|---|---|---|---|
| 0 | |||||||||
| false | false | false | false | 0 | false | false | |||
| RBC Capital Markets | |||||||||
| false | true | true | false | 0 | true | false | 30. | true | false |
| 0 | |||||||||
| false | false | false | false | 0 | false | false | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fed Tax Requirements Compliance | X | FedTaxRequirementsCompliance |
Schedule L IRS990ScheduleL
Form990 Schedule L Part IV Form990ScheduleLPartIV
Name Of Interested Person NameOfInterestedPerson
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | Mary Herlihy-Gearan | NamePerson |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Relationship | Spouse of President | Relationship |
| Amount Of Transaction | 65831 | AmountOfTransaction |
| Description Of Transaction | Employee at the Colleges | DescriptionOfTransaction |
| Sharing Of Revenues | false | SharingOfRevenues |
Schedule M IRS990ScheduleM
| Field | Value | IRS element (for citing) |
|---|---|---|
| Works Of Art | WorksOfArt | |
| Art Historical Treasures | ArtHistoricalTreasures | |
| Art Fractional Interest | ArtFractionalInterest | |
| Books And Publications | BooksAndPublications | |
| Clothing And Household Goods | ClothingAndHouseholdGoods | |
| Cars And Other Vehicles | CarsAndOtherVehicles | |
| Boats And Planes | BoatsAndPlanes | |
| Intellectual Property | IntellectualProperty |
Securities Publicly Traded SecuritiesPubliclyTraded
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 47 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 1202142 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | Part II | MethodOfDeterminingRevenues |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities Closely Held Stock | SecuritiesCloselyHeldStock | |
| Securities Prtnrshp Trust Intrsts | SecuritiesPrtnrshpTrustIntrsts | |
| Securities Miscellaneous | SecuritiesMiscellaneous | |
| Qualified Contrib Hist Struct | QualifiedContribHistStruct | |
| Qualified Contrib Other | QualifiedContribOther |
Real Estate Residential RealEstateResidential
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 1 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 325000 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | Part II | MethodOfDeterminingRevenues |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real Estate Commercial | RealEstateCommercial | |
| Real Estate Other | RealEstateOther | |
| Collectibles | Collectibles | |
| Food Inventory | FoodInventory | |
| Drugs And Medical Supplies | DrugsAndMedicalSupplies | |
| Taxidermy | Taxidermy | |
| Historical Artifacts | HistoricalArtifacts | |
| Scientific Specimens | ScientificSpecimens | |
| Archaeological Artifacts | ArchaeologicalArtifacts |
Other Non Cash Contributions Table OtherNonCashContributionsTable
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Description | Part II | Description |
| Number Of Contributions | 0 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 0 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | 0 | MethodOfDeterminingRevenues |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of8283 Received | 0 | NumberOf8283Received |
| Any Property That Must Be Held | false | AnyPropertyThatMustBeHeld |
| Review Process Unusual NC Gifts | true | ReviewProcessUnusualNCGifts |
| Third Parties Used | true | ThirdPartiesUsed |
Form990 Schedule M Part II Form990ScheduleMPartII (5 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| Types of Property | Schedule M, Part I, Line 9 | Median trade value on the date of the contribution. |
| Types of Property | Schedule M, Part I, Line 15 | Appraisal value on the date of the contribution. |
| Types of Property | Schedule M, Part I, Line 25 and 33 | 3 Photographs signed by artist Ralph Gibson |
| Types of Property | Schedule M, Part I, Line 32b | Hobart and William Smith Colleges have an agreement in place with a security broker to process and sell stock gifts as soon as they are received. |
| Types of Property | Schedule M, Part I, LN 33 | The colleges did not record these contributions as revenue as the values were not readily determinable and they do not have a significant impact on the financial position of the colleges. |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (6 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| Summary - Activities & Governance | Form 990, Part I, Summary, Line 6 | Hobart and William Smith Colleges have a volunteer base of over 4,000 individuals, which includes trustees, alumni/ae, and friends of the colleges. In any given year approximately 1,500 of these individuals are active volunteers. |
| Governance, Management, and Disclosure | Form 990, Part VI, Section A, Line 11B | A draft of Form 990 is prepared by the Colleges' management in conjunction with its external audit and tax advisors and provided to a trustee representative from the Audit and Compliance and the Financial Affairs Committees of the Board of Trustees. The form is reviewed and corrections or changes are made as necessary. A final Form 990 is then distributed to the full board before filing it with the IRS. |
| Governance, Management, and Disclosure | FORM 990, PART VI, SECTION B, LINE 12c | Annually, officers, trustees and key employees are required to disclose in writing conflicts of interest or potential conflicts of interest on a disclosure statement. At this time a rigorous process of reviewing the disclosures is undertaken by the Assistant Secretary and Assistant Treasurer's offices to ensure conflicts are timely dealt with if necessary. |
| Governance, Management, and Disclosure | Form 990, Part VI, Section B, Line 15 | The Executive Committee of the Board of Trustees reviews the compensation for the president. An annual process of assessing the president's performance and reviewing comparative compensation data is performed in order to recommend compensation changes. A motion to be approved by the full Board is drafted by the Executive Committee after the review process. Minutes documenting this process are maintained. |
| Governance, Management, and Disclosures | Form 990, Part VI, Section C, Line 19 | Hobart and William Smith Colleges make their governing documents, conflict of interest policy and financial statements available to the public upon request. |
| Reconciliation of Net Assets | Part XI, Line 5 | Represents net unrealized loss on investements of ($14,096,081), Investment expenses of $1,010,773, and loss on fair market value of swap of ($3,480,335). |
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