2012-04-10T09:22:24-05:00 2011-05-31 KPMG LLP ONE FINANCIAL PLAZA HARTFORD CT 06103 990 2010-06-01 141338498 Siena College SIEN 5187832300 Route 9 Loudonville NY 12211 Paul T Stec 2012-04-04 true 8602975596 2012-03-26 2010 2016-02-24 21:20:13Z Paul Stec Siena College Loudonville NY 12211 136581823 false X www.siena.edu X 1937 NY SEE SCHEDULE O. 32 32 2656 80 701575 16256 8696661 6813109 106173697 116809399 4455597 5647786 672123 722115 119998078 129992409 30228400 33305859 0 0 52826012 55941565 0 0 2689471 34514253 38692013 117568665 127939437 2429413 2052972 267780114 284167743 96536380 94853831 171243734 189313912 X SEE SCHEDULE O. false false 112976298 33305859 116809399 Siena College is a coeducational, independent, liberal arts college with a Franciscan and Catholic tradition. Founded in 1937 by seven Franciscan friars, it is located in Loudonville, New York, a suburban community just outside the state's capital. Siena is registered by the Board of Regents of the University of the State of New York. All programs are accredited by the Middle States Commission on Higher Education, and the School of Business is accredited by the Association to Advance Collegiate Schools of Business. In addition, the Chemistry program is certified by the American Chemical Society, the Social Work program is certified by the Council on Social Work Education, and the Education programs are accredited by the National Council for the Accreditation of Teacher Education. Siena's 3,272 undergraduates enroll in one of three schools - Liberal Arts, Science, and Business - and may choose to pursue study from a total of 27 departments, 47 minors and certificate programs, and professional curricula in Secondary Education, Pre-Law, and Social Work. 32 graduates have enrolled in the new Masters in Accounting program. On average, 150 students study abroad in a given year. Ninety-six percent of Siena students enter graduate school or find employment immediately following graduation. Admission to the College is competitive. Of the 769 incoming members of the Class of 2014, 24 percent graduated in the top ten percent of their high school class and their average SAT score was 1140. Siena's freshman retention rate for the class entering in the fall of 2010 was 85 percent. 112976298 true true false true false false true false true true true false false true true true false true false true true true false true false false false true true true false false false false false false false false false false true false false false false true true true false false true 249 0 true 2656 true true true true UK false false false true true false false false false X 32 32 true false false false false false false true true false false true true true true false true true true false X PAUL STEC 5787832300 SIENA COLLEGE LOUDONVILLE NY 12211 Ronald E Bjorklund 1.0 X 0 0 0 J David Brown 1.0 X 0 0 0 Michael Bucci 1.0 X 0 0 0 Robert F Campbell 3.0 X 0 0 0 Judy Capano Michaelson 5.0 X 0 0 0 Br F Edward Coughlin ofm 2.0 X 0 0 0 Robert M Curley 3.0 X 0 0 0 Robert T Cushing 15.0 X 0 0 0 Susan Law Dake 3.0 X 0 0 0 Virginia L Darrow 1.0 X 0 0 0 Howard S Foote 6.0 X 0 0 0 Sr Violet T Grennan 3.0 X 0 0 0 Robert L Guido 4.0 X 0 0 0 Rev Kenneth R Himes OFM 1.0 X 0 0 0 Pamela McCarthy 2.0 X 0 0 0 Robert J McCormick 2.0 X 0 0 0 James J Morrell 5.0 X 0 0 0 John F Murray 5.0 X 0 0 0 John J Nigro 1.3 X 0 0 0 Very Rev John F O Connor OFM 0.5 X 0 0 0 Walter A Osterman 2.0 X 0 0 0 Kenneth M Raymond Jr 4.0 X 0 0 0 William E Redmond Jr 1.0 X 0 0 0 Mark S Rose 6.0 X 0 0 0 Rev James P Scullion OFM 3.0 X 0 0 0 David M Stack 2.0 X 0 0 0 Christine L Standish 4.0 X 0 0 0 Nimmi M Trapasso MD 1.0 X 0 0 0 Dennis L Winger 3.0 X 0 0 0 Very Rev Kevin J Mullin OFM 40.0 X X 0 0 0 Thomas L Amell 2.0 X 0 0 0 Douglas T Hickey 1.0 X 0 0 0 David Smith 40.0 X 155096 0 33117 Linda Richardson 40.0 X 156418 0 22509 Paul Stec 40.0 X 152063 0 33570 Maryellen Gilroy 40.0 X 131505 0 18099 Edward Jones 40.0 X 116594 0 28800 Francis McCaffery 40.0 X 180371 0 17458 James Nolan 40.0 X 133561 0 28898 Edward LaRow 40.0 X 121353 0 53916 Michael Buonaguro 40.0 X 217667 0 48732 Charles Seifert 40.0 X 137576 0 28751 1502204 0 313850 37 false true false SODEXHO 515 LOUDON RD LOUDONVILLE NY 12211 FOOD SERVICES 6441179 SunGuard Higher Education Inc Ste 340 2300 Maitland Ctr Pkwy MAITLAND NY 32751 IT-Management Co 1031419 ST PETERS HOSPITAL 315 S MANNING BLVD ALBANY NY 12208 HEALTH SERVICES 397545 KPMG 515 Broadway ALBANY NY 12207 Auditing Tax 206905 MAGUIRE ASSOCIATES INC 555 VIRGINIA RDSUITE 2015 CONCORD CONCORD MA 017422727 PROFESSIONAL SVCS 205113 7 169474 2180999 4462636 392659 6813109 TUITION FEES 83843774 83843774 OTHER REVENUE 27532655 27532655 STUDENT ACTIVITIES 768750 768750 LABORATORY FEES 976749 976749 OTHER STUDENT FEES 794038 794038 2893433 2893433 116809399 1870486 -2709 1873195 0 0 167221 130588 36633 36633 2724 33909 10056403 6279103 3777300 3777300 3777300 92270 169474 108348 -16078 -16078 0 104416 71375 33041 33041 ADVERTISING REV. 541800 235344 235344 SIENA RESEARCH INSTITUTE 900099 433175 433175 668519 129992409 116809399 701575 5668326 0 32539784 32539784 766075 766075 0 718981 409857 156840 152284 0 40160277 33467225 5174681 1518371 3180651 2635840 414824 129987 8893684 7370292 1159925 363467 2987972 2476164 389695 122113 979274 979274 38399 38399 249416 249416 39300 39300 0 140779 140779 590402 423597 124193 42612 871925 840479 24042 7404 0 0 0 2894902 2894902 2000268 1866092 81817 52359 0 0 2845617 2845617 0 6385241 6385241 817044 159438 657606 FOOD 6837768 6837768 SUPPLIES 4732416 3767856 877030 87530 ENTERTAINMENT 883493 606348 107733 169412 REPAIR AND MAINTENANCE 1875568 1312285 546658 16625 STUDENT ACTIVITIES 1147668 1147668 5362533 4223770 1111456 27307 127939437 112976298 12273668 2689471 4492218 12596926 2999912 3000478 3496294 2915347 2494217 2162253 3462215 3367346 2629033 2845148 183772349 71631681 105891109 112140668 35554979 37329214 83913447 101908235 22846690 5902128 267780114 284167743 14187997 11187047 2037616 3642392 63414420 60100452 16896347 19923940 96536380 94853831 X 117690226 126636307 4180929 4144397 49372579 58533208 171243734 189313912 267780114 284167743 X 2052972 16017206 X false true true X true true X false false false RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false true false false false false true false true 39300 39300 false false Part II-B, Questions 1b and 1g The College, the college's president (Father Kevin Mullen) and the Director of Government and Foundation Relations are registered lobbyists in New York State. Siena College is registered as a lobbyist in New York State in the unlikely event of incidental contact with elected or other government officials. No employee-related expense has been incurred in relation to lobbying activity since the college did not actively lobby during the fiscal period. Father Kevin Mullen, in accordance with the holy name province order of Friars minor (OFM), takes a vow of poverty and does not directly receive a salary. Part II-B, Question 1i The college hires a lobbying firm to obtain funding for the college through the federal appropriations process and through various state level funding initiatives. Siena terminated the engagement with the lobbying firm effective 12/31/10. 0 10972 X X X Teaching false 88097451 1644370 16325346 3818159 102249008 81792336 1716146 9412978 4824009 88097451 111534450 1054057 -26445174 5000 4345997 81792336 0.39000 0.57000 0.04000 false false 0 8800048 8800048 142394875 45853648 96541227 31724264 25778033 5946231 853162 0 853162 112140668 19260388 F CASH EQUIVALENTS 711185 F US PRIVATE EQUITY MUTUAL FUNDS 17374246 F US PRIVATE EQUITY - INVSTMT CO 9649964 F FOREIGN PRIVATE EQUITY-LP&LLC 19528675 F ABSOLUTE RETURN FUNDS-LP 19231931 F SMALL CAP EQUITY-TRUST 3464206 F VENTURE CAPITAL 9290000 F OTHER INVESTMENTS 3397640 F 101908235 0 ANNUITIES PAYABLE 1045873 POSTRETIREMENT BENEFITS 12323775 FEDERAL STUDENT LOAN FUNDS 3088838 ASSET RETIREMENT OBLIGATION 3465454 19923940 129992409 127939437 2052972 18161143 -2143937 16017206 18070178 146319926 18161143 -2143937 16017206 130302720 -310311 -310311 129992409 128249748 310311 310311 127939437 127939437 Description of Art Collection Part III, Question 1a Siena's Fine Art Collections encompass a broad range of periods and styles, with fine paintings, works on paper, sculpture, and artifacts. Original works from historic and contemporary artists are displayed throughout the campus. Among these are several pieces of the Hudson River School, quality 19th century copies of Renaissance religious paintings, and a diverse body of work recently acquired from local contemporary artists. THE COLLECTION ORIGINATED IN THE LATE 1950's LARGELY THROUGH THE INTEREST OF FINANCIER PIERRE BRETEY, WHO DONATED A SUBSTANTIAL NUMBER OF WORKS FROM HIS PRIVATE COLLECTION. AN INVESTMENT ADVISOR IN RAILROAD SECURITIES, HE BEGAN COLLECTING DURING THE DEPRESSION. FATHER MAURUS A. KENNEDY O.F.M., TREASURER OF SIENA COLLEGE FROM 1957 - 1965, MET MR. BRETEY WHILE STUDYING AT NEW YORK UNIVERSITY, AND GENERATED HIS INTEREST IN SIENA. NOTING THAT "AT THE TIME, SIENA HAD NOTHING IN THE WAY OF ART," BRETEY COMMENCED A DONATION OF ART THAT SPANNED MANY YEARS, FROM 1957 THROUGH 1974. THROUGH HIS GENEROSITY, THE COLLEGE ACQUIRED WORKS BY INNESS, RITTER, EUROPEAN RELIGIOUS PAINTINGS AND LANDSCAPES AS WELL AS MANY EXAMPLES OF FINE FURNITURE AND DECORATIVE ARTS. OTHER MAJOR DONORS TO THE COLLECTION INCLUDE JOSEPH TESSITORE, AN ALUMNUS OF SIENA WITH INTEREST IN COLLECTING ORIGINAL PRINTS, PARTICULARLY THOSE OF LEROY NEIMAN. HIS CONTRIBUTION TO THE COLLECTION INCLUDES OVER 50 ORIGINAL, SIGNED SERIGRAPHS, AS WELL AS SEVERAL ORIGINAL OIL PAINTINGS AND ETCHINGS FROM HIS ESTATE. A NUMBER OF WORKS BY MICHAEL AND JASPER SANFRATELLO, BROTHERS OF FR. SENNEN SANFRATELLO O.F.M., HAVE BEEN ADDED TO THE COLLECTIONS THROUGH FAMILY DONATION, AND SEVERAL WORKS BY THE LATE FR. FELTON ROBERTSON O.F.M., DONATED BY THE ARTIST, ALSO FEATURE PROMINENTLY IN SIENA'S HOLDINGS. THE CONSTRUCTION OF THE STANDISH LIBRARY IN 1999 LED TO THE ACQUISITION OF 23 WORKS BY LOCAL CONTEMPORARY ARTISTS AND THE INSTALLATION OF A MURAL ON THE SECOND FLOOR LANDING. ON DISPLAY THROUGHOUT THE LIBRARY, THESE PIECES INCLUDE PAINTINGS, WORKS ON PAPER, PRINTS, PHOTOGRAPHS, AND SCULPTURE. THE COLLEGE CONTINUES TO ADD TO ITS COLLECTIONS, BOTH THROUGH DONATION AND PURCHASE OF ART. RECENT ACQUISITIONS INCLUDE THE PAINTING "MOMENT OF DEATH" BY IRANIAN ARTIST KAYVAN ASGARI, A GROUP OF ORIGINAL SIGNED PRINTS, AND TWO WORKS BY FR. MIGUEL LOREDO O.F.M., "CRISTAL VERDE" AND "RED PARADISE." BEGINNING WITH THE SPRING 2007 SEMESTER, THE COLLEGE WILL ALSO BEGIN A PROGRAM IN THE ACQUISITION OF EXEMPLARY STUDENT WORK THROUGH THE CREATIVE ARTS DEPARTMENT. AS PART OF SIENA'S FINE ARTS COLLECTIONS, THE FAMLI COLLECTION WILL FEATURE PROMINENTLY AROUND THE CAMPUS, ON EXHIBIT IN PUBLIC SPACES, CORRIDORS AND THE STANDISH LIBRARY. WORKS WILL BE ROTATED IN AND OUT OF STORAGE PERIODICALLY TO ALLOW FOR GREATER ACCESS TO THE EXTENT OF THE COLLECTION. THE ART WILL ALSO BE MADE ACCESSIBLE FOR STUDY BY BOTH FACULTY AND STUDENTS THROUGH THE CURATOR OF FINE ARTS. Description of Exempt purpose of Act Collection Part III, line 4 Siena's Fine Arts Collections are featured prominently around the campus, on exhibit in public spaces, corridors, and the Standish Library. Works are rotated in and out of storage periodically to allow for greater access to the extent of the Collection. As part of the college's exempt purpose the art is also made accessible for study by both faculty and students through the Curator of Fine Arts. Description of Endowment Funds Part V, Question 4 Endowed funds are intended primarily to provide for scholarships for student study. Other endowed funds are maintained for support in academic programs, buildings, and athletics. Uncertain Tax Positions Under FIN 48 Part X The College has been granted tax-exempt status as a nonprofit organization under Section 501(c)(3) of the Internal Revenue Code and is generally exempt from federal and state income taxes under Section 501(a) fo the Code and applicable state laws. The College believes it has taken no significant uncertain tax positions. Part XI, line 8 Actuarial Adjustment ($2,143,937) Part XII, line 2d Actuarial Adjustment ($2,143,937) Part XII, line 4b Rental Expense ($130,588) Fundraising Expense (108,348) Cost of Goods Sold (71,375) --------- Total ($310,311) ========= Part XIII, line 2d Rental Expense $130,588 Fundraising Expense 108,348 Cost of Goods Sold 71,375 -------- Total $310,311 ======== true true true true true true true false false false false false false false false true false true RACIALLY NONDISCRIMINATORY POLICY SCHEDULE E, LINE 3 POLICY IS POSTED TO THE WEBSITE. FINANCIAL AID OR ASSISTANCE FROM GOVERNMENT SCHEDULE E, LINE 6A THE COLLEGE RECEIVES GRANTS FROM VARIOUS FEDERAL AND STATE AGENCIES. true East Asia and the Pacific Grantmaking 77409 Sub-Saharan Africa Grantmaking 18720 Europe (Including Iceland and Greenland) Grantmaking 561782 Central America and the Caribbean Grantmaking 6800 Middle East and North Africa Grantmaking 26488 South America Grantmaking 50027 South Asia Grantmaking 24849 Central America and the Caribbean Program Services Educational Trips 49474 Europe (Including Iceland and Greenland) Program Services Educational Trips 219969 South America Program Services Educational Trips 75694 Europe (Including Iceland and Greenland) Program Services Study Abroad Tuition 726241 Europe (Including Iceland and Greenland) Investments 19299835 21137288 21137288 X Grants for Education Europe/Iceland/Greenland 94 561782 Other Grants for Education Cent. America/Caribbean 4 6800 Other Grants for Education East Asia/Pacific 14 77409 Other Grants for Education Middle East/North Africa 3 26488 Other Grants for Education South America 10 50027 Other Other Assistance to Individuals Cent. America/Caribbean 26 49474 Other Other Assistance to Individuals Europe/Iceland/Greenland 71 219969 Other Other Assistance to Individuals South America 27 75694 Other Grants for Education South Asia 3 24849 Other Grants for Education Sub-Saharan Africa 3 18720 Other true false true true true false Schedule F, Part I, line 2 The college provides payment of the grants to the student as a credit to the students' receivable account; the grants are not directly paid to the students. For the grant to be available to the student, the college monitors the students enrollment, based on the foreign schools records, and the student must be enrolled and active for the time period the grant is offered. If the student leaves the program early, the grant is not refunded to the student and the student's account is ratably adjusted to reflect the incomplete period. GOLF TOURNAMENT 113907 81507 32400 30542 20073 2256 FESTA VINO 47412 27500 19912 3744 9558 3 100425 60467 39958 1000 25703 6471 9001 261744 169474 92270 1000 56245 30288 20815 108348 -16078 true Scholarship for Students 3003 32539784 Schedule I, Part I, line 2 The college provides payment of the grants to the student as a credit to the students' receivable account; the grants are not directly paid to the students. For the grant to be available to the student, the college monitors the students enrollment and the student must be enrolled and active for the time period the grant is offered. If the student leaves the program early, the grant is not refunded to the student and the student's account is ratably adjusted to reflect the incomplete period. X X true true X false false false false false false false false false David Smith 147232 0 0 0 7864 0 15172 0 17945 0 188213 0 0 0 Linda Richardson 154090 0 0 0 2328 0 15393 0 7116 0 178927 0 0 0 Paul Stec 151769 0 0 0 294 0 15625 0 17945 0 185633 0 0 0 Francis McCaffery 60429 0 86422 0 33520 0 9174 0 8284 0 197829 0 0 0 James Nolan 129812 0 0 0 3749 0 13106 0 15792 0 162459 0 0 0 Edward LaRow 120834 0 0 0 519 0 11972 0 41944 0 175269 0 0 0 Michael Buonaguro 211013 0 0 0 6654 0 21775 0 26957 0 266399 0 0 0 Charles Seifert 137471 0 0 0 105 0 10806 0 17945 0 166327 0 0 0 Part 1, lines 1a, 1b CERTAIN OFFICERS MAY UTILIZE FIRST CLASS TRAVEL WHEN COACH ACCOMMODATIONS ARE UNAVAILABLE OR IN THE CASE OF EXTENUATING CIRCUMSTANCES SUCH AS DEMANDING FLIGHT SCHEDULES, EXTENDED FLIGHT TIMES OR BY GIVING PRIOR WRITTEN AUTHORIZATION FOR FIRST CLASS OR BUSINESS TRAVEL. TRAVELER PROVIDED TO THE COLLEGE APPROPRIATE SUBSTANTIATION FOR THE EXPENSE INCURRED. COUNTRY CLUB DUES WERE PROVIDED TO THE PRESIDENT, DEAN OF BUSINESS, VP OF DEVELOPMENT AND EXTERNAL AFFAIRS AND MEN'S BASKETBALL COACH TO INCREASE THE COLLEGE'S PRESENCE IN THE COMMUNITY AND AMONG BUSINESS LEADERS. ANY PERSONAL USE OF THE COUNTRY CLUB DUES ARE INCLUDED IN THE LISTED PERSONS FORM W-2. IT WAS PROVIDED TO THE "FORMER" MEN'S BASKETBALL COACH AND THE "FORMER" DEAN OF BUSINESS. THE CURRENT COACH AND CURRENT DEAN OF BUSINESS DO NOT RECEIVE THIS BENEFIT. Part I, line 3 THE COLLEGE PRESIDENT (A FRANCISCAN FRIAR), IN ACCORDANCE WITH THE HOLY NAME PROVINCE ORDER OF FRIARS MINOR (OFM), TAKES A VOW OF POVERTY AND DOES NOT DIRECTLY RECEIVE A SALARY. PAYMENTS TO THE ORDER ARE MADE IN LIEU OF THE PRESIDENT'S SALARY, WHICH IS DETERMINED BY THE TRUSTEES. TRUSTEES ESTABLISH THE IN LIEU OF PAYMENT THROUGH THE USE OF COMPARABLE SALARY DATA FOR SIMILARLY-SITUATED COLLEGES. Albany County Industrial Development Agency 141663410 2003-11-21 3750000 Renovate and upgrade a building false false false Dormitory Authority State of New York 146000293 64983QD48 2006-05-04 27942152 Finance Construction & Renovation false false false Dormitory Authority State of New York 146000293 649905VX1 2009-12-11 20660808 Finance Construction & Renovation false false false 3750000 0 0 3750000 0 2004 false false true true 27942152 764359 667065 364000 26146728 0 2006 true false true true 20660808 16385538 665808 3609462 0 2010 false false true true false false false false true 0.00000 0.00000 0.00000 true false false true false true 0.00000 0.00000 0.00000 true false false true false true 0.00000 0.00000 0.00000 true false false false false false false false false false false false false false false false false false false X 48154 FMV X 25 249880 average price X Men's Lacrosse Team-Equipment & Gear 511 15722 FMV X School of Science-Biology Equip-Electrocardiograph 1 13202 FMV X Reilly Broadcast Center-Hosting & Web Maintenance 1 1500 FMV X Landscaping/Grounds- Wood Chipper 1 27395 FMV X General - hosted dinner for ten at The olympic clu 1 1000 FMV X ATHLETICS-SECURITY GUARDS AT SIENA EVENT 1 265 FMV X DEVELOPMENT RECEPTION/EVENT-CATERING, FOOD, WINE 1 4126 FMV X LIBRARY - ART WORK 21 11410 FMV X Sarazen Scholarship Golf Tournament 46 17864 FMV X Radiothon- Gift cards & event tickets 21 1181 FMV X BOTTLE OF WINE TO BE AUCTIONED 1 125 FMV X BRIAN CROUCH SCHOLARSHIP GOLF OUTING 1 300 FMV X 2011 GIFT CAMPAIGN KICK OFF PARTY RAFFLES PRIZES 2 35 FMV X RESIDENCE DORM PLAYSEATS AND GEARSHIFT HOLDERS 1 500 FMV false true true Part I, Question 32a Securities received as contributions are liquidated through a broker upon receipt. PART I, LINE 1 AND PART III, LINE 1 Siena College is a learning community advancing the ideals of a liberal arts education, rooted in its identity as a Franciscan and catholic institution. As a learning community, Siena is committed to a student-centered education emphasizing dynamic faculty-student interaction. Through a blending of liberal arts and professional education, Siena College provides experiences and courses of study instilling the values and knowledge to lead a compassionate, reflective, and productive life of service and leadership. As a liberal arts college, Siena fosters the rigorous intellectual development of its students through a healthy exchange of ideas both inside and outside the classroom. It provides opportunities to develop critical and creative thinking; to make reasoned and informed judgments; to appreciate cultural diversity; to deepen aesthetic sensibility and to enhance written and oral communication skills. It develops in each individual an appreciation for the richness of exploring knowledge from a variety of perspectives and disciplines. As a Franciscan community, Siena strives to embody the vision and values of St. Francis of Assisi: faith in a personal and provident God, reverence for all creation, affirmation of the unique worth of each person, delight in diversity, appreciation for beauty, service with the poor and marginalized, a community where members work together in friendship and respect, and commitment to building a world that is more just, peaceable, and humane. As a Catholic college, Siena seeks to advance not only the intellectual growth of its students, but their spiritual, religious and ethical formation as well. To this end, Siena is composed of and in dialogue with people from difference religious and cultural traditions; fosters a critical appreciation of the Catholic intellectual heritage in conversation with contemporary experience; provides ample opportunities for worship and service; explores the moral dimensions of decision-making in business and the professions; and affirms the dignity of the individual while pursuing the common good. Part VI, Section A, Question 2 Robert T Cushing and Robert J McCormick have a business relationship. Part VI, Section B, Question 11A A copy of the Form 990 was provided to the audit committee for detail review and a final copy is provided to each board member prior to filing. Part VI, Section B, Question 12C All officers, trustees and key employees assume responsibility for considering possible conflicts of interest that arise during service with the college. to help trustees identify possible conflicts of interest, the college has developed a disclosure form that all trustees must complete and update at least annually. during the course of their service, officers, trustees, and key employees must also disclose any conflict of interest as soon as they become aware of the conflict. the general counsel reviews the disclosures and will disclose any reported conflicts of interest to the audit committee of the board of trustees. The audit committee may consider whether advice from counsel or other independent advisors is necessary in particular instances where a conflict exists. Part VI, Section B, Question 15A THE COLLEGE PRESIDENT (A FRANCISCAN FRIAR), IN ACCORDANCE WITH THE HOLY NAME PROVINCE ORDER OF FRIARS MINOR (OFM), TAKES A VOW OF POVERTY AND DOES NOT DIRECTLY RECEIVE A SALARY. PAYMENTS ARE MADE TO THE ORDER IN LIEU OF THE PRESIDENT'S SALARY. THE BOARD OF TRUSTEES PERFORMS A REVIEW AND APPROVES AT REGULAR INTERVALS THE PERFORMANCE AND COMPENSATION OF THE PRESIDENT. THE BOARD UTILIZES INDEPENDENT EXTERNAL STANDARDS SUCH AS THE COLLEGE AND UNIVERSITY PERSONNEL ASSOCIATION, LOCAL MARKET DATA AND INTERNAL EQUITY, FOR THE REVIEW OF THE PRESIDENT'S COMPENSATION AGREEMENT AND THE GATHERING OF COMPARABILITY DATA IN DETERMINING THE REASONABLENESS OF COMPENSATION AND COMPLIANCE WITH THE PROCEDURES DESCRIBED IN TREASURY REGULATION SECTION 53.4958-6. Part VI, Section B, Question 15B THE BOARD OF TRUSTEES AND THE PRESIDENT PERFORM A REVIEW AND APPROVAL AT REGULAR INTERVALS OF THE PERFORMANCE AND COMPENSATION OF THE OFFICERS, AND WHERE APPROPRIATE, OTHER SENIOR MANAGEMENT OF THE COLLEGE. THE BOARD AND PRESIDENT UTILIZE INDEPENDENT EXTERNAL STANDARDS SUCH AS THE COLLEGE AND UNIVERSITY PERSONNEL ASSOCIATION, LOCAL MARKET DATA AND INTERNAL EQUITY, FOR THE REVIEW OF COMPENSATION AGREEMENTS AND THE GATHERING OF COMPARABILITY DATA IN DETERMINING THE REASONABLENESS OF COMPENSATION AND COMPLIANCE WITH THE PROCEDURES DESCRIBED IN TREASURY REGULATION SECTION 53.4958-6. Part VI, Section C, Question 18 The college follows the IRS' guidelines for public disclosure. A copy of the Form 990 and Form 990-T is made available to the public by request through the Finance and Administration Office. The Form 990 is also posted on Guidestar. Part VI, Section C, Question 19 The college does not make its governing documents, conflict of interest policy or financial statements available to the public. Part XI, Line 5 Net Unrealized Gains/Losses on Investments $18,161,143 Actuarial Adjustment (2,143,937) ----------- Total $16,017,206 =========== Spring Properties Inc 515 Loudon Road Loudonville NY 12211 141706494 Rental NY Siena College C Corp 26147 231335 1.00000 Stell Dempf 72 CRAT #1 236 Westchester Dr South Delmar NY 12054 141338498 Investing NY NA Trust 0 Stell Dempf 74 CRAT #2 236 Westchester Dr South Delmar NY 12054 141338498 Investing NY NA Trust 0 Gino Whilma Turchi CRAT 1002 Ballston Lake Road Ballston Lake NY 12019 141338498 Investing NY NA trust 0 Douglas & Margaret Colbeth Unitrust Naperville Naperville IL 60540 141338498 Investing IL na trust 0 Dean & Margaret Chandler CRAT 213 Corlear Road Keesville NY 12944 141338498 Investing NY na trust 0 George T Maloney CRUT 515 Loudon Road Loudonville NY 12211 166455640 Investing NY na trust 0 83038 0.75000 false false false true true false false false false false false false false false false false false false Spring Properties Inc (due to Siena) D 83713 Spring Properties Inc (due from Siena) E 189014