2012-06-05T17:37:01-07:00 2011-06-30 990 2010-07-01 221500484 CENTENARY COLLEGE CENT 9088521400 400 Jefferson Street Hackettstown NJ 07860 Roger Anderson 9088521400 2012-05-16 2010 2016-02-24 21:20:13Z Centenary College 400 Jefferson Street Hackettstown NJ 07840 48897284 0 X www.centenarycollege.edu X 1867 NJ Centenary College is a community of learners distinguished by a diverse student body, a dedicated faculty and staff, and stimulating educational opportunities. Centenary College is committed to a quality liberal arts and career studies education with a substantial international dimension to engage students in learning and prepare them for satisfying careers, successful lives, community service and lifelong intellectual pursuits. As the primary educational and cultural resource for northwest New Jersey, Centenary offers a range of undergraduate, graduate and professional programs as well as non-degree courses for professional and personal development. 26 26 896 50 40133 40133 4078013 1464819 42965509 44477818 -127196 -1183 1285816 456405 48202142 46397859 0 0 0 0 21951942 22166634 0 0 1170294 22047097 23472513 43999039 45639147 4203103 758712 96373791 95611051 49528554 47235913 46845237 48375138 Centenary College is an independent college offering bachelor's degree programs and associate degree programs in liberal arts and career areas and master's degree programs. 0 0 18796052 44477818 Centenary College is a community of learners distinguished by a diverse student body, a dedicated faculty and staff, and stimulating educational opportunities. Centenary College is committed to a quality liberal arts and career studies education with a substantial international dimension to engage students in learning and prepare them for satisfying careers, successful lives, community service and lifelong intellectual pursuits. As the primary educational and cultural resource for northwest New Jersey, Centenary offers a range of undergraduate, graduate and professional programs as well as non-degree courses for professional and personal development. 0 0 0 18796052 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 0 1 0 1 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 1 0 1 0 1 1 0 0 0 0 0 0 0 0 0 1 146 0 1 896 1 1 1 0 0 0 0 1 1 1 2 0 0 0 X 26 26 1 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 0 1 1 0 NJ X X Michelle Gustavson 9088521400 Centenary College 400 Jefferson Street Hackettstown NJ 07840 Linda Van Winkle Watkins 2 X 0 0 0 Arden Davis Melick 2 X 0 0 0 Kenneth Hahn 2 X 0 0 0 Norman Worth 2 X 0 0 0 Christopher Treanor 2 X 0 0 0 Lucinda Thomas Embersits 2 X 0 0 0 Alan J Shaw 2 X 0 0 0 Dr Howard Burrell 2 X 0 0 0 Stanley Caine 2 X 0 0 0 Margot Nelson Carey 2 X 0 0 0 Bishop Sudarshana Devedhar 2 X 0 0 0 Tilly Jo Emerson 2 X 0 0 0 Rochelle Makela Goodman 2 X 0 0 0 Wolfgang Gstattenbauer 2 X 0 0 0 Michael Halpin 2 X 0 0 0 David Johnson 2 X 0 0 0 David Lackland 2 X 0 0 0 George Muller 2 X 0 0 0 Raymond Nisivoccia 2 X 0 0 0 Denis Hennessy O'Rourke 2 X 0 0 0 Jim Salerno 2 X 0 0 0 Alden Siegel 2 X 0 0 0 Orin Smith 2 X 0 0 0 Timothy Smith 2 X 0 0 0 James Stryker 2 X 0 0 0 Ellen Banks 2 X 0 0 0 Audrey Bonaparte-Watts 2 X 0 0 0 Debra Albanese 40 X X 147069 0 0 Diane Finnan 40 X X 157535 0 0 Scott Hughes 40 X X 122133 0 0 David Jones 40 X X 120346 0 0 Barbara Lewthwaite 40 X X 215129 0 0 Ken Hoyt 0 X X 135000 0 0 James Patterson 40 X X 113252 0 0 Roger Anderson 40 X X 60428 0 0 Peter Albrecht 40 X X 118959 0 0 Michael Fugaro 40 X X 114390 0 0 Todd Miller 40 X X 119727 0 0 Joseph Linskey 40 X X 101483 0 0 Heather Pfleger-Dunham 40 X 100104 0 0 1625555 0 0 12 1 1 0 C&R Audio Visual LLC 105 W Dewey Avenue Wharton NJ 07885 audio visual 156411 Candoris Technology 13 Wheatland Circle Lebanon PA 17042 technology 152683 Chartwells Food Service 400 Jefferson Street Hackettstown NJ 07840 Food services 2452475 Aramark Facility Services 135 New Road Madison CT 06443 Facility maintenance 1757947 Deloitte PO Box 7247-6446 Philadelphia PA 19170 Auditing 215000 6 0 0 106290 0 0 1358529 0 1464819 Tuition and Fees 611310 37553478 37553478 0 0 Student room and board charges 611310 6924340 6924340 0 0 0 0 0 0 44477818 198043 0 0 198043 0 0 0 0 0 0 0 0 13889 0 0 0 13889 0 13889 0 0 13889 1998888 265246 2037852 425508 -38964 -160262 -199226 -199226 0 0 16256 106290 36065 -19809 0 -19809 Summer camp programs 721214 40133 0 40133 0 Educational programs 611310 100816 100816 0 0 Small Business Development 611310 137758 137758 0 0 183618 183618 0 0 462325 46397859 44700784 40133 192123 1565127 1565127 16410282 11283581 4322245 804456 666290 419325 217276 29689 1648589 1037529 537602 73458 1876346 1180866 611873 83607 262020 1544 260476 252825 252825 1297457 714675 553657 29125 988077 961996 26056 25 1117483 514003 515530 87950 2259385 44461 2196504 18420 6555334 327387 6217781 10166 719427 556630 134486 28311 57208 44234 11805 1169 1092011 1092011 3486721 3486721 265629 3640 261989 Student food service 2309591 0 2309591 0 Bad debt expense 389025 599 388426 0 Bank fees 350618 3368 347250 0 Non office supplies 436277 428623 5352 2302 Summer Equal Opportunity Program costs 605164 605164 0 0 1028261 668427 358218 1616 45639147 18796052 25672801 1170294 2424658 2926589 13296530 12776131 6190513 4960053 2831110 3653174 0 0 0 0 908533 1025883 16837 17865 920953 845686 93550027 29552709 65295278 63997318 2436897 2911297 897503 1201090 1154979 1295965 96373791 95611051 3049919 2915252 0 0 3540684 2368716 27630602 40833140 0 0 0 0 0 0 14196899 0 1110450 1118805 49528554 47235913 X 10085332 10710746 34069067 34937891 2690838 2726501 46845237 48375138 96373791 95611051 X 758712 771189 X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2431868 51209 658816 230596 0 0 2911297 2096717 89127 246024 0 0 0 2431868 2835391 190585 -704701 224557 0 0 2096718 0 1 0 0 0 0 337002 337002 0 78092153 17875183 60216970 0 27112 22982 4130 0 12524359 10560744 1963615 0 2569401 1093800 1475601 63997318 Asset retirement obligation 70875 Refundable loan program 1047930 1118805 46397859 45639147 758712 1170375 0 0 0 -399186 771189 1529901 46694305 0 0 0 116186 116186 46578119 0 -180260 -180260 46397859 45835472 0 0 0 196325 196325 45639147 0 0 0 45639147 SchD_P05_S00_L04 Schedule D, Part V, Line 4 Centenary College'ws endowment funds are held to support the educational programs of the college. The College intends to leave the principal untouched and use the earnings to defray instructional expenditures, academic support, student aid and other institutional expenses as they arise. The College shall not use these funds for any purpose that is not consistent with the College's exempt purpose. SchD_P11_S00_L08 Schedule D, Part XI, Line 8 Loss on endowment, investment income, change in fair value of swaps SchD_P12_S00_L02d Schedule D, Part XII, Line 2d Investment return designated for current operations SchD_P12_S00_L04b Schedule D, Part XII, Line 4b Investment income, fundraising expenses, loss on sale of fixed assets SchD_P13_S00_L02d Schedule D, Part XIII, Line 2d Loss on disposition of assets 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SchE_P01_S00_L03 Schedule E, Part I, Line 3 A non-discriminatory policy statements appear in college recruiting publications, newspaper recruiting advertisements, and is announced in radio recruiting messages. SchE_P01_S00_L06 Schedule E, Part I, Line 6 Centenary College receives Federal Title IV Funding for Student Assistance, New Jersey Tuition Aid Grants (TAG), Educational Opportunity Fund Grants, and other state-awarded merit scholarships for students. Centenary College also receives money annually through the New Jersey Aid to Independent Colleges Act. When applicable, Centenary also receives funding through specific New Jersey governmental programs supporting higher education. Scholarship gala 104555 97980 6575 0 0 0 16966 0 7573 Golf outing 17990 8310 9680 0 3508 7080 0 0 938 0 122545 106290 16255 0 3508 7080 16966 0 8511 36065 -19810 X 0 1 X X X X 1 0 0 0 0 0 0 0 0 Debra Albanese 147069 0 0 0 0 0 0 0 16621 0 163690 0 163411 0 Peter Albrecht 118958 0 0 0 0 0 0 0 9429 0 128387 0 124722 0 Roger Anderson 60428 0 0 0 0 0 0 0 3289 0 63717 0 0 0 Diane Finnan 157535 0 0 0 0 0 0 0 15098 0 172633 0 175606 0 Michael Fugaro 114390 0 0 0 0 0 0 0 7421 0 121811 0 120310 0 Ken Hoyt 135000 0 0 0 0 0 0 0 10718 0 145718 0 307413 0 Scott Hughes 122133 0 0 0 0 0 0 0 10809 0 132942 0 130857 0 David Jones 120347 0 0 0 0 0 0 0 14572 0 134919 0 143500 0 Barbara Lewthwaite 215129 0 15000 0 0 0 0 0 12576 0 242705 0 164490 0 Joseph Linskey 101483 0 0 0 0 0 0 0 6750 0 108233 0 0 0 Todd Miller 119727 0 0 0 0 0 0 0 18731 0 138458 0 139126 0 James Patterson 113252 0 0 0 0 0 0 0 8921 0 122173 0 0 0 Heather Pfleger-Dunham 100104 0 0 0 0 0 0 0 17565 0 117669 0 0 0 SchJ_P01_S00_L01a Schedule J, Part I, Line 1a The President is provided use of a house owned by the College. Related services such as maintenance and housekeeping of the facility are performed by the College. SchJ_P01_S00_L01b Schedule J, Part I, Line 1b The College is responsible for paying the utilities on the residence and also for maintaining the house and property. The President is responsible for any personal expenses. SchJ_P01_S00_L04 Schedule J, Part I, Line 4 Ken Hoyt, President, severed his relationship with the College in December 2008. He received severance payments as a result from his seperation from service. These severance payments are reflected in the compensation that is reported on Schedule J. New Jersey Educational Facilities Authority 221829511 64605KLBW 2003-01-28 14775000 renovation /refund o/s revenue 0 0 0 New Jersey Educational Facilities Authority 221829511 2007-03-15 4874617 paydown of contsruction loan 0 0 0 New Jersey Educational Facilities Authority 221829511 2006-10-16 9154113 paydown of construction loan 0 0 0 New Jersey Educational Facilities Authority 221829511 2010-12-15 13974000 Current refunding of construction loan for educational facilities 0 0 0 4285000 0 14914350 0 389497 0 295500 169554 45791 8744009 5270000 0 2006 1 0 1 1 235352 0 4784617 0 0 0 93590 0 0 352771 4338256 0 2007 1 0 1 1 298750 0 9154113 0 0 0 140123 0 0 0 9013990 0 2006 1 0 1 1 0 0 13974000 0 0 0 165025 0 0 0 13808975 0 2010 1 0 0 1 0 1 0 0 1 0 0 0 1 0 1 0 0 1 0 0 0 1 0 1 0 0 1 0 0 0 1 0 1 1 0 1 0.252 0 0.252 1 0 1 1 TD Bank NA 10 0 0 0 0 0 0 1 0 0 0 1 0 1 0 0 0 1 0 1 0 0 0 1 New Jersey Educational Facilities Authority 221829511 64605NBU7 2003-10-09 350000 Dormitory safety improvements 0 0 1 0 0 350000 0 0 0 0 0 0 350000 0 0 0 0 1 1 0 0 0 0 1 0 1 0 0 0 0 0 0 Jim Salerno capital loan X 50000 41504 0 1 1 41504 Norman Worth College board member 0 Board member of our bank 0 Denis O'Rourke Board member 0 Board member of our bank 0 Norman Worth Board member 30350 radio advertising 0 X Horses 20 20 Valued at $1.00 23 0 0 0 F990_P06_S0A_L02 Form 990, Part VI, Section A, Line 2 Two members of the College's Board of Trustees also serve together on the Board of Directors for Fulton Bank of New Jersey. F990_P06_S0B_L11b Form 990, Part VI, Section B, Line 11b The form 990 is prepared internally and is reviewed by the CFO/COO. F990_P06_S0B_L12c Form 990, Part VI, Section B, Line 12c Each officer, director, trustee and key employee is required to annually disclose any conflicts of interest that arise by virtue of their employment and position with the College. Centenary College monitors compliance with its conflict of interest policy through an annual questionnaire submitted to these individuals. Potential conflicts are investigated immediately. F990_P06_S0B_L15 Form 990, Part VI, Section B, Line 15 Centenary College undertakes a rigorous process to ensure that the executive compensation it pays to its top management official and all officers and key employees of the organization is reasonable. In relevant part, the Board of Trustees has established a compensation committee comprised of independent persons that have no personal interest in the proposed compensation arrangement. The Board of Trustees uses an independent compensation consultant to help advise on the appropriate compensation levels for the President of the College. The compensation consultant will use comparability or benchmarking data (based on industry surveys) that documents the compensations of persons holding similar positions in similar organizations. Once the consultant has made its recommendations, the Centenary College Compensation Committee must approve the compensation, without input or voting participation by the person whose compensation is being approved or by any other individual with a conflict of interest. The final determination is then documented in committee minutes. Those minutes will contain the terms of the proposed compensation , the decisions of those individuals who voted on the compensation, and the comparability data that was relied on. F990_P06_S0C_L19 Form 990, Part VI, Section C, Line 19 Centenary College makes it form 990 and 990T available to the public by retaining a copy of each at the address listed on page one of this return. Any individual requesting a copy of these documents is provided that copy on the same business day. The College's form 990 is also available for public inspection at www.guidestar.org. The College's governing documents and conflict of interest policy are available to the public upon request. Financial statements are available on the College's website. F990_P11_S00_L05 Form 990, Part XI, Line 5 Net unrealized gain or losses on investments; endowment gains or losses; investment income; change in fair value of swaps We had an outside vendor complete our Schedule K and we did not receive the information in time to file our 990 by the deadline.