TRUSTEES OF UNION COLLEGE: Form 990, tax year 2010
View the entire original 990 at ProPublica ↗
- Organization
- TRUSTEES OF UNION COLLEGE (EIN 14-1338580)
- Tax period
- 2010-07-01 to 2011-06-30
- Filed
- 2012-05-04
- IRS object ID
- 201211259349300601
- Schema version
- 2010v3.7
- 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 C
- Schedule D
- Schedule E
- Schedule F
- Schedule G
- Schedule I
- Schedule J
- Schedule K
- Schedule L
- Schedule M
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2012-05-04T08:20:11-05:00 | Timestamp |
| Tax Period End Date | 2011-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | KPMG LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | ONE FINANCIAL PLAZA | AddressLine1 |
| City | HARTFORD | City |
| State | CT | State |
| ZIP Code | 061032608 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2010-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 141338580 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Trustees of Union College | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | TRUS | NameControl |
| Phone | 5183886104 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 807 UNION STREET | AddressLine1 |
| City | Schenectady | City |
| State | NY | State |
| ZIP Code | 12308 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | Diane Blake | Name |
| Title | VP of Finance and Admin | Title |
| Date Signed | 2012-05-03 | DateSigned |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 8602975596 | Phone |
| Date Prepared | 2012-04-27 | DatePrepared |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2010 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | Stephen Ainlay | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 807 Union Street | AddressLine1 |
| City | Schenectady | City |
| State | NY | State |
| ZIP Code | 12308 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 347083197 | GrossReceipts |
| Group Return For Affiliates | false | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | www.union.edu | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1795 | YearFormation |
| State Legal Domicile | NY | StateLegalDomicile |
| Activity Or Mission Description | See Attachment 1 | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 35 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 30 | NbrIndependentVotingMembers |
| Total Nbr Employees | 2392 | TotalNbrEmployees |
| Total Nbr Volunteers | 13 | TotalNbrVolunteers |
| Total Gross UBI | 1204053 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | -527003 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 16047681 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 17392793 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 104836947 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 110003711 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 11506314 | InvestmentIncomePriorYear |
| Investment Income Current Year | 11940609 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 3689238 | OtherRevenuePriorYear |
| Other Revenue Current Year | 5978217 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 136080180 | TotalRevenuePriorYear |
| Total Revenue Current Year | 145315330 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 32861431 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 36509363 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 63105056 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 63547172 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 5385250 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 42521319 | OtherExpensePriorYear |
| Other Expenses Current Year | 44049134 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 138487806 | TotalExpensesPriorYear |
| Total Expenses Current Year | 144105669 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | -2407626 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 1209661 | RevenuesLessExpensesCY |
| Total Assets BOY | 502130927 | TotalAssetsBOY |
| Total Assets EOY | 542911893 | TotalAssetsEOY |
| Total Liabilities BOY | 100171078 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 101014399 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 401959849 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 441897494 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | UNION COLLEGE, FOUNDED IN 1795, IS A SCHOLARLY COMMUNITY DEDICATED TO SHAPING THE FUTURE AND TO UNDERSTANDING THE PAST. FACULTY, STAFF AND ADMINISTRATORS WELCOME DIVERSE AND TALENTED STUDENTS INTO OUR COMMUNITY, WORK CLOSELY WITH THEM TO PROVIDE A BROAD AND DEEP EDUCATION, AND GUIDE THEM IN FINDING AND CULTIVATING THEIR PASSIONS. WE DO THIS WITH A WIDE RANGE OF DISCIPLINES AND INTERDISCIPLINARY PROGRAMS IN THE LIBERAL ARTS AND ENGINEERING, AS WELL AS ACADEMIC, ATHLETIC, CULTURAL, AND SOCIAL ACTIVITIES, INCLUDING OPPORTUNITIES TO STUDY ABROAD AND TO PARTICIPATE IN UNDERGRADUATE RESEARCH AND COMMUNITY SERVICE. WE DEVELOP IN OUR STUDENTS THE ANALYTIC AND REFLECTIVE ABILITIES NEEDED TO BECOME ENGAGED, INNOVATIVE, AND ETHICAL CONTRIBUTORS TO AN INCREASINGLY DIVERSE, GLOBAL AND TECHNOLOGICALLY COMPLEX SOCIETY. | MissionDescription |
| Significant New Program Services | false | SignificantNewProgramServices |
| Significant Change | false | SignificantChange |
| Expense | 132012502 | Expense |
| Grants | 36457421 | Grants |
| Revenue | 89700239 | Revenue |
| Description | Providing higher education to support approximately 2,200 full-time equivalent students under a four year program leading to a bachelor's degree | Description |
| Total Program Service Expense | 132012502 | TotalProgramServiceExpense |
| Described In501 C3 | true | DescribedIn501C3 |
| Schedule B Required | true | ScheduleBRequired |
| Political Activities | false | PoliticalActivities |
| Lobbying Activities | true | LobbyingActivities |
| Donor Advised Funds | false | DonorAdvisedFunds |
| Conservation Easements | false | ConservationEasements |
| Collections Of Art | true | 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 | false | 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 | true | FundraisingActivities |
| Gaming | false | Gaming |
| Hospital | false | Hospital |
| Grants To Organizations | true | 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 | true | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | false | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | true | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | true | 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 | true | 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 |
| Number Forms Transmitted With1096 | 3009 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | true | ComplianceWithBackupWitholding |
| Number Of Employees | 2392 | NumberOfEmployees |
| Employment Tax Returns Filed | true | EmploymentTaxReturnsFiled |
| Unrelated Business Income | true | UnrelatedBusinessIncome |
| Form990-T Filed | true | Form990-TFiled |
| Foreign Financial Account | false | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTrans |
| Taxable Party Notification | false | TaxablePartyNotification |
| Non Deductible Contributions | false | NonDeductibleContributions |
| Quid Pro Quo Contributions | false | QuidProQuoContributions |
| Form8282 Property Disposed Of | false | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | false | FundsToPayPremiums |
| Premiums Paid | false | PremiumsPaid |
| Excess Business Holdings | false | ExcessBusinessHoldings |
| Taxable Distributions | false | TaxableDistributions |
| Distribution To Donor | false | DistributionToDonor |
| Indoor Tanning Services | false | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 35 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 30 | NumberIndependentVotingMembers |
| Family Or Business Relationship | true | 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 | true | LocalChapters |
| Policies Reference Chapters | true | PoliciesReferenceChapters |
| Form990 Provided To Governing Body | false | 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 | true | 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 | DIANE BLAKE | NamePerson |
| Telephone Number | 5183886104 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 807 UNION STREET | AddressLine1 |
| City | Schenectady | City |
| State | NY | State |
| ZIP Code | 12308 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (56 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | OfficerOfficer | Key EmployeeKeyEmployee | Highest Compensated EmployeeHighestCompensatedEmployee |
|---|---|---|---|---|---|---|---|---|
| David B Chapnick | ||||||||
| Life Trustee | 1.0 | X | 0 | 0 | 0 | |||
| Stephen J Ciesinski | ||||||||
| Life Trustee | 1.5 | X | 0 | 0 | 0 | |||
| Neil M Golub | ||||||||
| Life Trustee | 1.0 | X | 0 | 0 | 0 | |||
| Robert D Bertagna | ||||||||
| Term Trustee | 1.0 | X | 0 | 0 | 0 | |||
| David J Breazzano | ||||||||
| Term Trustee | 1.5 | X | 0 | 0 | 0 | |||
| John J Castellani | ||||||||
| Term Trustee | 1.0 | X | 0 | 0 | 0 | |||
| William J Curtin | ||||||||
| Term Trustee | 1.0 | X | 0 | 0 | 0 | |||
| Nancy Eppler Wolff | ||||||||
| Chair of President's Council | 1.0 | X | 0 | 0 | 0 | |||
| David Henle | ||||||||
| Term Trustee | 1.5 | X | 0 | 0 | 0 | |||
| Valerie Hoffman | ||||||||
| Term Trustee/Secy of the Board | 1.8 | X | 0 | 0 | 0 | X | ||
| Adrian Maclean Jay | ||||||||
| Term Trustee | 1.5 | X | 0 | 0 | 0 | |||
| Douglass karp | ||||||||
| Term Trustee | 1.0 | X | 0 | 0 | 0 | |||
| John E Kelly III | ||||||||
| Term Trustee | 1.0 | X | 0 | 0 | 0 | |||
| Paul LeClerc | ||||||||
| Term Trustee | 1.0 | X | 0 | 0 | 0 | |||
| Kathy E Magliato | ||||||||
| Term Trustee | 1.0 | X | 0 | 0 | 0 | |||
| Frank L Messa | ||||||||
| Term Trustee/Chr of the Board | 4.3 | X | 0 | 0 | 0 | X | ||
| Stanley O Brien | ||||||||
| Term Trustee | 1.5 | X | 0 | 0 | 0 | |||
| Lawrence Pedowitz | ||||||||
| Term Trustee/GC for the Board | 2.3 | X | 0 | 0 | 0 | X | ||
| Stephen W Ritterbush | ||||||||
| Term Trustee | 2.0 | X | 0 | 0 | 0 | |||
| James W Taylor | ||||||||
| Term Trustee | 1.0 | X | 0 | 0 | 0 | |||
| David A Viniar | ||||||||
| Term Trustee | 1.0 | X | 0 | 0 | 0 | |||
| Mark Walsh | ||||||||
| Term Trustee/VC of the Board | 2.3 | X | 0 | 0 | 0 | X | ||
| Kelly M Williams | ||||||||
| Term Trustee | 1.0 | X | 0 | 0 | 0 | |||
| Robert A Danziger | ||||||||
| Alumni Trustee | 1.0 | X | 0 | 0 | 0 | |||
| Michael F Newell | ||||||||
| Alumni Trustee | 1.0 | X | 0 | 0 | 0 | |||
| Jason Oshins | ||||||||
| Alumni Trustee | 1.0 | X | 0 | 0 | 0 | |||
| John R Vero | ||||||||
| Alumni Trustee | 1.0 | X | 0 | 0 | 0 | |||
| James M Kenney | ||||||||
| Faculty Trustee | 1.0 | X | 0 | 0 | 0 | |||
| Robert T Abbe | ||||||||
| Trustees Emeriti | 1.0 | X | 0 | 0 | 0 | |||
| Gerald Barandes | ||||||||
| Trustees Emeriti | 1.0 | X | 0 | 0 | 0 | |||
| Philip R Beuth | ||||||||
| Trustees Emeriti | 1.0 | X | 0 | 0 | 0 | |||
| Arnold I Burns | ||||||||
| Trustees Emeriti | 1.0 | X | 0 | 0 | 0 | |||
| William G Burns | ||||||||
| Trustees Emeriti | 1.0 | X | 0 | 0 | 0 | |||
| Lee L Davenport | ||||||||
| Trustees Emeriti | 1.0 | X | 0 | 0 | 0 | |||
| Robert B EnemarK | ||||||||
| Trustees Emeriti | 1.0 | X | 0 | 0 | 0 | |||
| Joseph M Hinchey | ||||||||
| Trustees Emeriti | 1.0 | X | 0 | 0 | 0 | |||
| Norton H Reamer | ||||||||
| Trustees Emeriti | 1.0 | X | 0 | 0 | 0 | |||
| John S Wold | ||||||||
| Trustees Emeriti | 1.0 | X | 0 | 0 | 0 | |||
| Stephen Ainlay | ||||||||
| President | 40.0 | X | 390146 | 0 | 79179 | X | ||
| James M Lippman | ||||||||
| Term Trustee | 1.0 | X | 0 | 0 | 0 | |||
| William M Wicker | ||||||||
| Term Trustee | 1.0 | X | 0 | 0 | 0 | |||
| Leo Fleishman | ||||||||
| Faculty Trustee | 1.0 | X | 0 | 0 | 0 | |||
| Anthony Perez | ||||||||
| Student Trustee | 1.0 | X | 0 | 0 | 0 | |||
| Randall Miller | ||||||||
| Student Trustee | 1.0 | X | 0 | 0 | 0 | |||
| Robert DeMichele | ||||||||
| Trustees Emeriti | 1.0 | X | 0 | 0 | 0 | |||
| Diane Blake | ||||||||
| VP for Fin & Admin/ Treasurer | 40.0 | 201135 | 0 | 29135 | X | |||
| Kathryn L Quinn | ||||||||
| Assitant Secretary | 40.0 | 90035 | 0 | 10025 | X | |||
| Therese McCarty | ||||||||
| VP Acad Aff & Dean of Students | 40.0 | 185717 | 0 | 41623 | X | |||
| Penelope Adey | ||||||||
| Registrar | 40.0 | 79521 | 0 | 53842 | X | |||
| Stephen Dare | ||||||||
| VP for College Relations | 40.0 | 195682 | 0 | 76669 | X | |||
| Matthew Malatesta | ||||||||
| VP for Admin, Fin Aid & Enrl | 40.0 | 168466 | 0 | 28838 | X | |||
| Valerie Barr | ||||||||
| Professor of computer science | 40.0 | 151014 | 0 | 20692 | X | |||
| Alan Taylor | ||||||||
| Professor of Mathematics | 40.0 | 151791 | 0 | 24664 | X | |||
| Peter Heinegg | ||||||||
| Professor of English | 40.0 | 137221 | 0 | 21070 | X | |||
| Robert Wells | ||||||||
| Professor of History | 40.0 | 140592 | 0 | 22838 | X | |||
| Carol Weisse | ||||||||
| Professor of Psychology | 40.0 | 135125 | 0 | 63219 | X | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 2026445 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 471794 | TotalOtherCompensation |
| Number Individuals GT100 K | 71 | NumberIndividualsGT100K |
| Formers Listed | false | 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 | Address Line1AddressOfContractor/AddressForeign/AddressLine1 | CityAddressOfContractor/AddressForeign/City | Province Or StateAddressOfContractor/AddressForeign/ProvinceOrState | CountryAddressOfContractor/AddressForeign/Country |
|---|---|---|---|---|---|---|---|---|---|
| FPI Mechanical | |||||||||
| 11 Green Mountain Drive | COHOES | NY | 12047 | CONSTRUCTION | 1611447 | ||||
| AJ Martini Inc | |||||||||
| 5 Lowell Avenue | WINCHESTER | MA | 01890 | construction | 9725777 | ||||
| SEG Parters Offshore | |||||||||
| Investment Mgmt | 584155 | ROYAL TRUST TOWER 77 KING STREET W | SUITE 3400, PO BOX 38 | TORONTO,ONTARIO | CA | ||||
| TIGER GLOBAL MANAGEMENT LLC | |||||||||
| 101 PARK AVENUE 48TH FLOOR | NEW YORK | NY | 10178 | INVESTMENT Mgmt | 1530079 | ||||
| CBM PARTNERS | |||||||||
| 645 MADISON AVENUE 6TH FLOOR | NEW YORK | NY | 10022 | INVESTMENT Mgmt | 839099 | ||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 39 | NumberOfContractorsGT100K |
| Fundraising Events | 82640 | FundraisingEvents |
| Government Grants | 3322860 | GovernmentGrants |
| All Other Contributions | 13987293 | AllOtherContributions |
| Noncash Contributions | 2420608 | NoncashContributions |
| Total Contributions | 17392793 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (5 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome | ExclusionExclusionAmount | Unrelated Business RevenueUnrelatedBusinessRevenue |
|---|---|---|---|---|---|
| TUITION & FEES | 611710 | 89700239 | 89700239 | ||
| ATHLETICS | 713990 | 129558 | $129,558 | ||
| AUXILIARY ENTERPRISE | 713990 | 19951741 | $19,030,745 | 920996 | |
| RENT BOOKSTORE | 611710 | 18000 | $18,000 | ||
| AUXILIARY ICE RINK | 713990 | 204173 | 204173 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 110003711 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 2210022 | TotalRevenueColumn |
| Unrelated Business Revenue | 31364 | UnrelatedBusinessRevenue |
| Exclusion | $2,178,658 | ExclusionAmount |
Income From Invest Bond Proceeds IncomeFromInvestBondProceeds
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 251369 | TotalRevenueColumn |
| Exclusion | $251,369 | 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 | 47520 | Real |
Rental Income Or Loss RentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 47520 | Real |
Net Rental Income Or Loss NetRentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 47520 | TotalRevenueColumn |
| Unrelated Business Revenue | 47520 | UnrelatedBusinessRevenue |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 208356766 | Securities |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 198877548 | Securities |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 9479218 | Securities |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 9479218 | TotalRevenueColumn |
| Exclusion | $9,479,218 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Income Fundraising Events | 40817 | GrossIncomeFundraisingEvents |
| Cntrbtns Rprtd Fundraising Events | 82640 | CntrbtnsRprtdFundraisingEvents |
| Fundraising Direct Expenses | 51745 | FundraisingDirectExpenses |
Net Income From Fundraising Events NetIncomeFromFundraisingEvents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -10928 | TotalRevenueColumn |
| Exclusion | -$10,928 | ExclusionAmount |
Net Income From Gaming NetIncomeFromGaming
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | 4178134 | GrossSalesOfInventory |
| Cost Of Goods Sold | 2838574 | CostOfGoodsSold |
Net Income Or Loss NetIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 1339560 | TotalRevenueColumn |
| Exclusion | $1,339,560 | ExclusionAmount |
Other Revenue Misc OtherRevenueMisc (3 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | ExclusionExclusionAmount |
|---|---|---|---|
| NONOPERATING REVENUE | 900099 | 512586 | $512,586 |
| CGA INVESTMENT INCOME | 900099 | 213432 | $213,432 |
| INTERCOLLEGIATE ATHLETICS AND OTHER SOURCES | 900099 | 3876047 | $3,876,047 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 4602065 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 145315330 | TotalRevenueColumn |
| Related Or Exempt Function Income | 89700239 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 1204053 | UnrelatedBusinessRevenue |
| Exclusion | $37,018,245 | ExclusionAmount |
Grants To Domestic Orgs GrantsToDomesticOrgs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 51942 | Total |
| Program Services | 51942 | ProgramServices |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 36457421 | Total |
| Program Services | 36457421 | 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 | 1730851 | Total |
| Program Services | 619323 | ProgramServices |
| Management And General | 818247 | ManagementAndGeneral |
| Fundraising | 293281 | 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 | 44183224 | Total |
| Program Services | 39890659 | ProgramServices |
| Management And General | 1924639 | ManagementAndGeneral |
| Fundraising | 2367926 | Fundraising |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 5127171 | Total |
| Program Services | 4654989 | ProgramServices |
| Management And General | 211710 | ManagementAndGeneral |
| Fundraising | 260472 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 9169752 | Total |
| Program Services | 8298399 | ProgramServices |
| Management And General | 278639 | ManagementAndGeneral |
| Fundraising | 592714 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3336174 | Total |
| Program Services | 2940501 | ProgramServices |
| Management And General | 198921 | ManagementAndGeneral |
| Fundraising | 196752 | Fundraising |
Fees For Services Management FeesForServicesManagement
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 396134 | Total |
| Program Services | 396134 | ProgramServices |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 274004 | Total |
| Program Services | 24851 | ProgramServices |
| Management And General | 249153 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 188616 | Total |
| Management And General | 188616 | ManagementAndGeneral |
Fees For Services Lobbying FeesForServicesLobbying
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 24300 | Total |
| Fundraising | 24300 | Fundraising |
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 | 1135185 | Total |
| Program Services | 123188 | ProgramServices |
| Management And General | 1011997 | ManagementAndGeneral |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1599641 | Total |
| Program Services | 1402773 | ProgramServices |
| Management And General | 92071 | ManagementAndGeneral |
| Fundraising | 104797 | Fundraising |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 501005 | Total |
| Program Services | 317820 | ProgramServices |
| Management And General | 60871 | ManagementAndGeneral |
| Fundraising | 122314 | Fundraising |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 7719283 | Total |
| Program Services | 6795465 | ProgramServices |
| Management And General | 342730 | ManagementAndGeneral |
| Fundraising | 581088 | Fundraising |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3235813 | Total |
| Program Services | 3144737 | ProgramServices |
| Management And General | 30757 | ManagementAndGeneral |
| Fundraising | 60319 | Fundraising |
Royalties Royalties
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 7017555 | Total |
| Program Services | 6508473 | ProgramServices |
| Management And General | 401423 | ManagementAndGeneral |
| Fundraising | 107659 | Fundraising |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2809223 | Total |
| Program Services | 2438977 | ProgramServices |
| Management And General | 97003 | ManagementAndGeneral |
| Fundraising | 273243 | 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 | 2207682 | Total |
| Program Services | 1692668 | ProgramServices |
| Management And General | 142025 | ManagementAndGeneral |
| Fundraising | 372989 | Fundraising |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3400966 | Total |
| Program Services | 3400966 | ProgramServices |
Payments To Affiliates PaymentsToAffiliates
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 9965832 | Total |
| Program Services | 9965832 | ProgramServices |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 729604 | Total |
| Program Services | 244927 | ProgramServices |
| Management And General | 484677 | ManagementAndGeneral |
Other Expenses OtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | OTHER EXPENSES | Description |
| Total | 2844291 | Total |
| Program Services | 2642457 | ProgramServices |
| Management And General | 174438 | ManagementAndGeneral |
| Fundraising | 27396 | Fundraising |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 144105669 | Total |
| Program Services | 132012502 | ProgramServices |
| Management And General | 6707917 | ManagementAndGeneral |
| Fundraising | 5385250 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 409435 | BOY |
| EOY | 114985 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 18597155 | BOY |
| EOY | 21793043 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 12303132 | BOY |
| EOY | 12942321 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4781029 | BOY |
| EOY | 3218369 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 6864246 | BOY |
| EOY | 6522996 | EOY |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1028097 | BOY |
| EOY | 977598 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 588467 | BOY |
| EOY | 1520947 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 327904468 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 184086974 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 136579847 | BOY |
| EOY | 143817494 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 124703023 | BOY |
| EOY | 109515997 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 175832865 | BOY |
| EOY | 230708089 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 20443631 | BOY |
| EOY | 11780054 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 502130927 | BOY |
| EOY | 542911893 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 12997066 | BOY |
| EOY | 11546931 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 910152 | BOY |
| EOY | 730947 | EOY |
Tax Exempt Bond Liabilities TaxExemptBondLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 65643704 | BOY |
| EOY | 69602828 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 20620156 | BOY |
| EOY | 19133693 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 100171078 | BOY |
| EOY | 101014399 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 248710433 | BOY |
| EOY | 186680900 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 16942585 | BOY |
| EOY | 115499462 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 136306831 | BOY |
| EOY | 139717132 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 401959849 | BOY |
| EOY | 441897494 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 502130927 | BOY |
| EOY | 542911893 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 1209661 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | 38727984 | 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 C IRS990ScheduleC
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grassroots Lobbying | TotalGrassrootsLobbying | |
| Total Direct Lobbying | TotalDirectLobbying | |
| Total Lobbying Expenditures | TotalLobbyingExpenditures | |
| Other Exempt Purpose Expenditures | OtherExemptPurposeExpenditures | |
| Total Exempt Purpose Expenditures | TotalExemptPurposeExpenditures | |
| Lobbying Nontaxable | LobbyingNontaxableAmount | |
| Grassroots Nontaxable | GrassrootsNontaxableAmount | |
| Tot Lobbying Grassroot Minus Non Tx | TotLobbyingGrassrootMinusNonTx | |
| Tot Lobby Expend Mns Lobbying Nontx | TotLobbyExpendMnsLobbyingNontx | |
| Volunteers | false | Volunteers |
| Paid Staff Or Management | false | PaidStaffOrManagement |
| Media Advertisements | false | MediaAdvertisements |
| Mailings Members | false | MailingsMembers |
| Publications Or Broadcast | false | PublicationsOrBroadcast |
| Grants Other Organizations | false | GrantsOtherOrganizations |
| Direct Contact Legislators | false | DirectContactLegislators |
| Rallies Demonstrations | false | RalliesDemonstrations |
| Other Activities | true | OtherActivities |
| Other Activities | $24,300 | OtherActivitiesAmount |
| Total Lobbying Expenditures IIB | 24300 | TotalLobbyingExpendituresIIB |
| Not Described In501c3 | false | NotDescribedIn501c3 |
| Form4720 Filed4912 Tax | false | Form4720Filed4912Tax |
Form990 Schedule C Part IV Form990ScheduleCPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Part II-B question i | Identifier |
| Explanation | Union retains a lobbying firm in Washington DC to obtain funding for the college through the federal appropriations process. | Explanation |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Art Public Exhibition Amts | ArtPublicExhibitionAmts | |
| Held Works Of Art Amts | HeldWorksOfArtAmts | |
| Collect Used For Public Exhibition | X | CollectUsedForPublicExhibition |
| Collect Used For Scholar Research | X | CollectUsedForScholarResearch |
| Collect Used For Preservation | X | CollectUsedForPreservation |
Collection Used For Other CollectionUsedForOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Collection Used For Other Purposes | X | CollectionUsedForOtherPurposes |
| Description Of Other Purposes | Educational | DescriptionOfOtherPurposes |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Solicited Assets For Sale | false | SolicitedAssetsForSale |
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 297078531 | BeginningOfYearBalance |
| Contributions | 6711456 | Contributions |
| Investment Earnings Or Losses | 57057490 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 4794124 | GrantsOrScholarships |
| Other Expenditures | 21437051 | OtherExpenditures |
| Administrative Expenses | 6860000 | AdministrativeExpenses |
| End Of Year Balance | 327756302 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 291305120 | BeginningOfYearBalance |
| Contributions | 6635723 | Contributions |
| Investment Earnings Or Losses | 37872215 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 5109830 | GrantsOrScholarships |
| Other Expenditures | 28774697 | OtherExpenditures |
| Administrative Expenses | 4850000 | AdministrativeExpenses |
| End Of Year Balance | 297078531 | EndOfYearBalance |
Current Year Minus2 Years CurrentYearMinus2Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 399538866 | BeginningOfYearBalance |
| Contributions | 6328854 | Contributions |
| Investment Earnings Or Losses | -88958538 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 4643118 | GrantsOrScholarships |
| Other Expenditures | 17721944 | OtherExpenditures |
| Administrative Expenses | 3239000 | AdministrativeExpenses |
| End Of Year Balance | 291305120 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated EOY Balance | 0.27000 | BoardDesignatedEOYBalance |
| Permanent Endowment EOY Balance | 0.65000 | PermanentEndowmentEOYBalance |
| Term Endowment EOY Balance | 0.03000 | TermEndowmentEOYBalance |
| Endowments Held By Unrelated Orgs | true | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | true | EndowmentsHeldByRelatedOrgs |
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 101 | OtherCostOrOtherBasis |
| Book Value | 101 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 150782874 | OtherCostOrOtherBasis |
| Depreciation | 63880792 | Depreciation |
| Book Value | 86902082 | BookValue |
Leasehold Improvements LeaseholdImprovements
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 52962870 | OtherCostOrOtherBasis |
| Depreciation | 25916721 | Depreciation |
| Book Value | 27046149 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 79373333 | OtherCostOrOtherBasis |
| Depreciation | 66737835 | Depreciation |
| Book Value | 12635498 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 44785290 | OtherCostOrOtherBasis |
| Depreciation | 27551626 | Depreciation |
| Book Value | 17233664 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 143817494 | TotalOfBookValueLandBuildings |
| Financial Derivatives | FinancialDerivatives | |
| Closely Held Equity Interests | CloselyHeldEquityInterests |
Other Securities OtherSecurities (9 entries)
| DescriptionDescription | Book ValueBookValue | Method Of ValuationMethodOfValuation |
|---|---|---|
| INTERNATIONAL PRIVATE EQUITY | 1913208 | F |
| VENTURE CAPITAL | 3800764 | F |
| PRIVATE EQUITY | 32006224 | F |
| HEDGED EQUITY FINDS | 87510040 | F |
| EMERGING MARKETS | 21850952 | F |
| DISTRESSED DEBT | 29414235 | F |
| COMMON STOCKS AND MUTUAL FUNDS | 31621640 | F |
| INTERNATIONAL EQUITY | 22097900 | F |
| MULTI-STRATEGY | 493126 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Securities | 230708089 | TotalOfBookValueSecurities |
| Federal Income Tax Liability | 0 | FederalIncomeTaxLiability |
Other Liabilities OtherLiabilities (4 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| ASSET RETIREMENT OBLIGATIONS | $1,664,150 |
| FEDERAL STUDENT LOAN FUNDS | $2,511,822 |
| ACCRUED POST RETIREMENT BENEFIT | $9,603,601 |
| PLIF & CGA | $5,354,120 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 19133693 | TotalOfAmounts |
| Total Revenue | 145315330 | TotalRevenue |
| Total Expenses | 144105669 | TotalExpenses |
| Excess Or Deficit For Year | 1209661 | ExcessOrDeficitForYear |
| Net Unrealized GL On Investments | 38217556 | NetUnrealizedGLOnInvestments |
| Other | $510,428 | OtherAmount |
| Total Adjustments | 38727984 | TotalAdjustments |
| Excess Or Deficit Per FS | 39937645 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 186933633 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | 38217556 | NetUnrealizedGainsInvestments |
| Other Revenues | 562173 | OtherRevenues |
| Revenue Not Rptd F990 | 38779729 | RevenueNotRptdF990 |
| Revenue Subtotal | 148153904 | RevenueSubtotal |
| Other Revenues Not Included | -2838574 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | -2838574 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 145315330 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 146995988 | TotExpensesEtcAuditedFinclStmt |
| Other Expenses Included | 2890319 | OtherExpensesIncluded |
| Expenses Not Rptd F990 | 2890319 | ExpensesNotRptdF990 |
| Expenses Subtotal | 144105669 | ExpensesSubtotal |
| Total Expenses Per Form990 | 144105669 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (7 entries)
| IdentifierIdentifier | ExplanationExplanation |
|---|---|
| Part III, Line 4 | The College's collections are made up of approximately 3,000 objects and their estimated fair value is approximately $14,500,000. The College's policy is not to capitalize its collections. The College's collections comprise paintings and portraits, furniture, works on paper, scientific instrumentation, and other objects. The College's collections are held for educational, research, scientific, and curatorial purposes. Each of the items is cataloged, preserved, and cared for, and activities verifying their existence and assessing their condition are performed periodically. All proceeds resulting from the deaccessioning of objects from the permanent collection are allocated for the benefit of the collections. During the years ended June 30, 2011 and 2010, no objects were deaccessioned. |
| Part V, line 4 | The intended use of the organization's endowment funds are to be used for programs and other educational purposes in accordance with donor intentions for the use of funds. |
| Part X, line 2 | The College is a not-for-profit organization as described in Section 501(c)(3) of the Internal Revenue Code and is generally exempt from income tax on related income. The College recognizes the effect of income tax positions only if those positions are more likely than not of being sustained. Recognized income tax positions are measured at the largest amount that is greater than 50% likely of being realized. Changes in recognition or measurement are reflected in the period in which the change in judgment occurs. The College believes it has taken no significant uncertain tax positions. |
| Part XI, line 8 | Actuarial Gain/Loss on Terminations 510,428 |
| Part XII, line 2d | Athletic Fundraising Expense 51,745 Actuarial Gain/Loss on Terminations 510,428 --------- Total 562,173 ========= |
| Part XII, line 4b | Bookstore COGS, Part VIII, line 10b ($2,838,574) |
| Part XIII, line 2d | Bookstore COGS/Athletics Fundraising exp. $2,838,574 Athletic Fundraising Expense 51,745 --------- Total $2,890,319 ========== |
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 | ExplanationExplanation |
|---|---|
| Part I Question 3 | Racially nondiscriminatory policy is publicized through area newspaper. Union College does not discriminate on the basis of race, color, sexual orientation, national or ethnic origin to all the rights, privilages, programs and activities generally accorded or made available to students. This policy extends to the administration of their educational policies, admissions policies, scholarship and loan programs and athletic and other school-administered programs. |
| Part I Question 6A | The organization has received the following financial aid or assistance from a governmental agency: 1. Federal campus-based aid, which includes Federal Work-Study, Supplemental Educational Opportunity Grants, and Federal Perkins Loans form the U.S. Department of Education. 2. NSF-STEM Scholarships which are funded by the Federal Government. 3. TAP awards, NYS Merit Scholarships and Tution/Maintenance Grants received from NYS for the HEOP Program. |
Schedule F IRS990ScheduleF
Accts Actvs Out US Table AcctsActvsOutUSTable (31 entries)
| RegionRegion | Type Of Activities ConductedTypeOfActivitiesConducted | Specific Services ProvidedSpecificServicesProvided | Total ExpendituresTotalExpenditures |
|---|---|---|---|
| Europe (Including Iceland and Greenland) | Program Services | Study abroad | 1069432 |
| Sub-Saharan Africa | Program Services | Study abroad | 95497 |
| East Asia and the Pacific | Program Services | Study Abroad | 660985 |
| South America | Program Services | Study Abroad | 239366 |
| Middle East and North Africa | Program Services | Study abroad | 117573 |
| South Asia | Program Services | Study abroad | 43493 |
| North America | Program Services | Study abroad | 20812 |
| Central America and the Caribbean | Investments | N/A | 142738774 |
| North America | Program Services | Recruiting Athletics | 11593 |
| North America | Program Services | Research | 2815 |
| North America | Program Services | Conference | 10291 |
| North America | Program Services | Scholars trip | 3343 |
| North America | Program Services | Lab Classroom Supplies | 1860 |
| South America | Program Services | Research | 7164 |
| South America | Program Services | Recruiting Admissions | 1624 |
| Central America and the Caribbean | Program Services | Research | 5466 |
| Central America and the Caribbean | Program Services | Recruiting Admissions | 92 |
| Europe (Including Iceland and Greenland) | Program Services | Research | 6523 |
| Europe (Including Iceland and Greenland) | Program Services | Recruiting Admissions | 1999 |
| Europe (Including Iceland and Greenland) | Program Services | Conference | 4721 |
| Europe (Including Iceland and Greenland) | Program Services | Lab Classroom Supplies | 378 |
| Europe (Including Iceland and Greenland) | Program Services | Fundraising | 1425 |
| Europe (Including Iceland and Greenland) | Program Services | Library Materials | 1407 |
| East Asia and the Pacific | Program Services | Research | 1745 |
| East Asia and the Pacific | Program Services | Recruiting Admissions | 2209 |
| East Asia and the Pacific | Program Services | Conference | 450 |
| East Asia and the Pacific | Program Services | Computer Supplies Serv | 917 |
| South Asia | Program Services | Recruiting Admissions | 1445 |
| South Asia | Program Services | Recruiting Admissions | 1346 |
| South Asia | Program Services | Recruiting Admissions | 7 |
| Sub-Saharan Africa | Program Services | Conference | 3126 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Amount Spent | 145030180 | SubtotalAmountSpent |
| Cont Amount Spent | 27698 | ContAmountSpent |
| Total Amount Spent | 145057878 | TotalAmountSpent |
| Transfer To Foreign Corp | true | TransferToForeignCorp |
| Interest In Foreign Trust | false | InterestInForeignTrust |
| Own Foreign Corp | true | OwnForeignCorp |
| Passive Foreign Invest Co | true | PassiveForeignInvestCo |
| Foreign Partnership | true | ForeignPartnership |
| Boycott Countries | false | BoycottCountries |
Schedule G IRS990ScheduleG
Events Information EventsInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Event1 | GARNET BLADES | NameOfEvent1 |
| Gross Receipts Event1 | 39878 | GrossReceiptsEvent1 |
| Charitable Contributions Event1 | 23028 | CharitableContributionsEvent1 |
| Gross Revenue Event1 | 16850 | GrossRevenueEvent1 |
| Rent Facility Costs Event1 | 16784 | RentFacilityCostsEvent1 |
| Food And Beverage Event1 | 200 | FoodAndBeverageEvent1 |
| Other Direct Expenses Event1 | 2555 | OtherDirectExpensesEvent1 |
| Name Of Event2 | GRIDIRON GOLF | NameOfEvent2 |
| Gross Receipts Event2 | 38588 | GrossReceiptsEvent2 |
| Charitable Contributions Event2 | 27968 | CharitableContributionsEvent2 |
| Gross Revenue Event2 | 10620 | GrossRevenueEvent2 |
| Non Cash Prizes Event2 | 1680 | NonCashPrizesEvent2 |
| Rent Facility Costs Event2 | 5445 | RentFacilityCostsEvent2 |
| Food And Beverage Event2 | 4455 | FoodAndBeverageEvent2 |
| Other Direct Expenses Event2 | 200 | OtherDirectExpensesEvent2 |
| Total Number Of Other Events | 3 | TotalNumberOfOtherEvents |
| Gross Receipts Other Events | 44991 | GrossReceiptsOtherEvents |
| Charitable Contrib Other Events | 31644 | CharitableContribOtherEvents |
| Gross Revenue Other Events | 13347 | GrossRevenueOtherEvents |
| Cash Prizes Other Events | 100 | CashPrizesOtherEvents |
| Non Cash Prizes Other Events | 420 | NonCashPrizesOtherEvents |
| Rent Facility Costs Other Events | 12756 | RentFacilityCostsOtherEvents |
| Food And Beverage Other Events | 3011 | FoodAndBeverageOtherEvents |
| Other Direct Expenses Other Events | 4139 | OtherDirectExpensesOtherEvents |
| Gross Receipts Total | 123457 | GrossReceiptsTotal |
| Charitable Contributions Total | 82640 | CharitableContributionsTotal |
| Gross Revenue Total Events | 40817 | GrossRevenueTotalEvents |
| Cash Prizes Total Events | 100 | CashPrizesTotalEvents |
| Non Cash Prizes Total Events | 2100 | NonCashPrizesTotalEvents |
| Rent Facility Costs Total Events | 34985 | RentFacilityCostsTotalEvents |
| Food And Beverage Total Events | 7666 | FoodAndBeverageTotalEvents |
| Other Direct Expenses Total Events | 6894 | OtherDirectExpensesTotalEvents |
| Direct Expense Summary Events | 51745 | DirectExpenseSummaryEvents |
| Net Income Summary | -10928 | NetIncomeSummary |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | true | RecordsMaintained |
Recipient Table RecipientTable
Recipient Name Business RecipientNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Alumni Council of Union College Inc | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 807 Union Street | AddressLine1 |
| City | Schenectady | City |
| State | NY | State |
| ZIP Code | 12308 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN Of Recipient | 146019466 | EINOfRecipient |
| IRC Section | 501(c)(3) | IRCSection |
| Amount Of Cash Grant | 51942 | AmountOfCashGrant |
| Method Of Valuation | Book | MethodOfValuation |
| Purpose Of Grant | Cover Expenses | PurposeOfGrant |
Form990 Schedule I Part III Form990ScheduleIPartIII (8 entries)
| Type Of GrantTypeOfGrant | Number Of RecipientsNumberOfRecipients | Amount Of Non Cash AssistanceAmountOfNonCashAssistance | Method Of ValuationMethodOfValuation | Description Of Non Cash AssistanceDescriptionOfNonCashAssistance | Amount Of Cash GrantAmountOfCashGrant |
|---|---|---|---|---|---|
| Higher Education Opportunity Program | 79 | 181240 | Book | Cr to Student's a/c | |
| Union College General Scholarships | 1454 | 29447461 | Book | Cr to Student's a/c | |
| Endowed Scholarships | 554 | 4379775 | Book | Cr to Student's a/c | |
| Annual Restricted Scholarships | 128 | 853287 | BOOK | Cr to Student's a/c | 7875 |
| Work Study | 745 | 773633 | |||
| Supplemental Educational Opportunity Grant | 403 | 395197 | Book | Cr to Student's a/c | |
| ROTC Scholarship | 7 | 256238 | Scholarships | cr to student's a/c | |
| Supporting Scholars in Science And Engineering | 16 | 162715 | Book | Cr to Student's a/c |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Part IV | Identifier |
| Return Reference | Part I, Line 2 | ReturnReference |
| Explanation | All grants awarded are based on need and conform to federal, state and institutional regulations. Eligibility is based on a thorough review and verification of a family's income, assets, size and number of dependents enrolled in college. Annual expenditure reports are submitted to the federal and state governments for review. The fund expenditures are reviewed for compliance in an annual audit conducted by an independent accounting firm. Internal Controls: 1. The total sum of all sources of financial aid, including institutional funds, cannot exceed the total cost of attendance for non-need based funds and calculated need for need-based funds. 2. Each year the Financial Aid Department sets in Datatel the budgeted amount for each fund. This is the maximum total that can be spent during the fiscal year for each fund. 3. Restricted Scholarships: College Relations receives a spreadsheet from Finanacial Aid listing all students who received an annual restricted scholarship. For the scholarships that are stewarded, the information on this list is verified, such as spelling of name, and class year. College Relations also verifies that the award given matches the amount determined would be spent out of the account. College Relations also verifies that the restrictions on the accounts were properly met. 4. Endowed scholarships: The budget amount indicated in Datatel is the maximum amount that may be awarded to a student. (a) On a monthly basis, the Director of Financial Reporting and Analysis updates the endowment subledger (which is Excel based) for all endowed expenditures, including expenses charged to the endowed scholarship accounts. Any potential discrepancies are brought to the attention of the Director of Financial Aid to be explained and corrected if necessary. (b) College Relations receives a spreadsheet from Financial Aid listing all students who received an endowed scholarship. For the scholarships that are stewarded, the information on this list is verified, such as spelling of name, and class year. College Relations also verifies that the award given matches the amount available from the spreadsheet sent by the Director of Financial Reporting and Analysis. College Relations also verifies that the restrictions on the accounts were properly met. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Housing Allowance Or Residence | X | HousingAllowanceOrResidence |
| Club Dues Or Fees | X | ClubDuesOrFees |
| Written Policy Re T And E Expenses | false | WrittenPolicyReTAndEExpenses |
| Substantiation Required | false | SubstantiationRequired |
| Compensation Committee | X | CompensationCommittee |
| Written Employment Contract | X | WrittenEmploymentContract |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | false | SeverancePayment |
| Supplemental Nonqual Retire Plan | true | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | false | 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 (10 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stephen Ainlay | |||||||||||
| 346455 | 0 | 25000 | 0 | 18691 | 0 | 40120 | 0 | 39059 | 0 | 469325 | 0 |
| Diane Blake | |||||||||||
| 198135 | 0 | 0 | 0 | 3000 | 0 | 22330 | 0 | 6805 | 0 | 230270 | 0 |
| Therese McCarty | |||||||||||
| 169217 | 0 | 0 | 0 | 16500 | 0 | 21221 | 0 | 20402 | 0 | 227340 | 0 |
| Valerie Barr | |||||||||||
| 151014 | 0 | 0 | 0 | 0 | 0 | 16038 | 0 | 4654 | 0 | 171706 | 0 |
| Alan Taylor | |||||||||||
| 135291 | 0 | 0 | 0 | 16500 | 0 | 17263 | 0 | 7401 | 0 | 176455 | 0 |
| Peter Heinegg | |||||||||||
| 137221 | 0 | 0 | 0 | 0 | 0 | 13756 | 0 | 7314 | 0 | 158291 | 0 |
| Stephen Dare | |||||||||||
| 194876 | 0 | 0 | 0 | 806 | 0 | 22220 | 0 | 54449 | 0 | 272351 | 0 |
| Matthew Malatesta | |||||||||||
| 168466 | 0 | 0 | 0 | 0 | 0 | 18887 | 0 | 9951 | 0 | 197304 | 0 |
| Robert Wells | |||||||||||
| 140592 | 0 | 0 | 0 | 0 | 0 | 15479 | 0 | 7359 | 0 | 163430 | 0 |
| Carol Weisse | |||||||||||
| 135125 | 0 | 0 | 0 | 0 | 0 | 13341 | 0 | 49878 | 0 | 198344 | 0 |
Form990 Schedule J Part III Form990ScheduleJPartIII (2 entries)
| IdentifierIdentifier | ExplanationExplanation |
|---|---|
| Part I - Line 1a, 1b | Line 1 - Housing Allowance Per their employment contracts, the College provides housing for the President, Vice President for College Relations, Vice President for Student Affairs and Resident Directors & Advisors. Of this group, only the President, Stephen Ainlay, and the Vice President for College Relations, Stephen Dare, are required to be disclosed on Schedule J. We have estimated the value of housing to be approximately $2,000 per month. Line 1 - Health or Social Club Dues or Initiation Fees Stephen Ainlay, President, has an employment contract which states that the College will pay for two club memberships as required by his employment. The first is to the Mohawk Golf Club in Schenectady and the other membership is to the University Club in New York City. Additionally, as part of his employment contract the Vice President for College Relations, Stephen Dare, is entitled to a membership at the Mohawk Golf Club which is paid for by the College. No formal written policy is available as the memberships are considered to be job requirements for these particular employees. This is not considered a taxable benefit because it is used solely for business entertaining and not personal use. |
| Part I, line 4b | President Stephen Ainlay has a 457(f) plan in which the College contributed $13,170 in 2010. |
Schedule K IRS990ScheduleK
Form990 Schedule K Part I Form990ScheduleKPartI (4 entries)
| Issuer EINIssuerEIN | CUSIP NumberCUSIPNumber | Date IssuedDateIssued | Issue PriceIssuePrice | Description Of PurposeDescriptionOfPurpose | DefeasedDefeased | On Behalf Of IssuerOnBehalfOfIssuer | Pool FinancingPoolFinancing |
|---|---|---|---|---|---|---|---|
| City of Schenectady Industrial Development - 2003A | |||||||
| 141699509 | 64985wz31 | 2003-11-25 | 16348589 | Acquired and renovate 450 Nott | false | false | false |
| County of Schenectady Industrial Development | |||||||
| 141699509 | 2005-12-22 | 6150000 | Renovate the College's Fitness | false | false | false | |
| City of Schenectady Industrial Development | |||||||
| 141699509 | 806476BX4 | 2006-11-22 | 33356354 | Refinance the Series 1999 Indu | true | false | false |
| Schenectady County Capital Resource Corporation | |||||||
| 273478847 | 2010-12-23 | 15310000 | Fund Facilities Renewal Plan | false | false | false | |
Form990 Schedule K Part II Form990ScheduleKPartII (4 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 | 16348589 | 0 | 0 | 0 | 678629 | 286508 | 0 | 15669960 | 0 | 0 | 2005 | false | false | true | true |
| 0 | 0 | 6150000 | 0 | 0 | 0 | 98667 | 0 | 0 | 6051333 | 0 | 0 | 2009 | false | false | true | true |
| 0 | 30030000 | 33356354 | 0 | 0 | 15424831 | 410663 | 0 | 0 | 17332419 | 0 | 0 | 2005 | false | true | true | true |
| 0 | 0 | 6291185 | 0 | 45877 | 0 | 291184 | 0 | 0 | 6000000 | 0 | 0 | false | false | false | true |
Form990 Schedule K Part III Form990ScheduleKPartIII (4 entries)
| Owning Bond Financed PropertyOwningBondFinancedProperty | Any Lease ArrangementsAnyLeaseArrangements | Mngment Cntrct Bond Financd PrprtyMngmentCntrctBondFinancdPrprty | Any Research AgreementsAnyResearchAgreements | Bond Counsel Routinely EngagedBondCounselRoutinelyEngaged | Prcntge Prvt Business Use By OthersPrcntgePrvtBusinessUseByOthers | Percentage Of Prvt Business Re UBIPercentageOfPrvtBusinessReUBI | Total Private Business UseTotalPrivateBusinessUse | Post Issuance Compliance ProcdrsPostIssuanceComplianceProcdrs |
|---|---|---|---|---|---|---|---|---|
| false | false | false | false | true | 0.11210 | 0.01220 | 0.12430 | true |
| false | false | false | false | true | 0.00000 | 0.01600 | 0.01600 | true |
| false | false | false | false | true | 0.00000 | 0.01200 | 0.01200 | true |
| false | false | false | false | true | 0.00000 | 0.01900 | 0.01900 | true |
Form990 Schedule K Part IV Form990ScheduleKPartIV (4 entries)
| Form8038 T FiledForm8038TFiled | Variable Rate IssueVariableRateIssue | Hedge Identified In Books And RecdsHedgeIdentifiedInBooksAndRecds | Gross Proceeds Invested In GICGrossProceedsInvestedInGIC | Gross Proceeds InvestedGrossProceedsInvested | Exception To RebateExceptionToRebate | Term Of HedgeTermOfHedge | Superintegrated HedgeSuperintegratedHedge | Hedge TerminatedHedgeTerminated |
|---|---|---|---|---|---|---|---|---|
| (no name) | ||||||||
| false | false | false | false | false | false | |||
| Bank Of America | ||||||||
| false | true | true | false | 8.4 | false | false | ||
| (no name) | ||||||||
| false | false | false | false | false | false | |||
| JP Morgan Chase | ||||||||
| false | true | true | false | false | false | 6. | false | false |
Form990 Schedule K Part V Form990ScheduleKPartV (3 entries)
| IdentifierIdentifier | ExplanationExplanation |
|---|---|
| Part II | Union College received $33,356,354 in proceeds from the City of Schenectady Industrial Development Agency Civic Facility Refunding Revenue Bonds (Union College Project), Series 2006. These proceeds were used to refinance the 1999 issue and a portion of the 2001 issue. Initially, all proceeds (with the exception of proceeds used for costs of issuance) were placed into an escrow account. Proceeds would remain in the escrow account until the bonds could be called, which was 10 years from the date of issue. As of June 30, 2011, the 1999 debt had been paid off and only the escrow set up to pay off the 2001 debt remains. The escrow account has a market value of $15,424,831 as of June 30, 2011. The capital expenditures from proceeds represent expenditures made using bond proceeds from the previous issues (1999 & 2001). The date of substantial completion, 2005, represents the year in which the projects related to the 2001 debt (that was refinanced by the 2006 debt) were substantially complete. |
| Part III Line 5 | For the 2010 Bond the percentage of financed property used is calculated by the total costs of issuance divided by $15,310,000, which is the total amount borrowed. |
| Part III Line 6 | The percentage of private use is greater than the 5% cap at this point for the 2003 Bond. The college has a plan to reduce the conferencing activity from Wellspring in the future so that the average percentage of private use over the life of the bonds will not exceed the 5% cap. |
Schedule L IRS990ScheduleL
Form990 Schedule L Part III Form990ScheduleLPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Interested Person | David Breazzano | NameOfInterestedPerson |
| Relationship With Organization | Trustee | RelationshipWithOrganization |
| Amount Of Grant | 10000 | AmountOfGrant |
| Type Of Assistance | Scholarship | TypeOfAssistance |
Form990 Schedule L Part IV Form990ScheduleLPartIV (3 entries)
| RelationshipRelationship | Amount Of TransactionAmountOfTransaction | Description Of TransactionDescriptionOfTransaction | Sharing Of RevenuesSharingOfRevenues |
|---|---|---|---|
| Diane Blake | |||
| Officer | 66644 | Brother-in-law college employe | false |
| Stephen Ainlay | |||
| Officer/Trustee | 34295 | Spouse - College employee | false |
| Kelly Williams | |||
| Trustee | 125335 | mgmt fees paid to CS | false |
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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Noncash Contribs Rptd F990 | 3039 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | Opinions of experts | MethodOfDeterminingRevenues |
Clothing And Household Goods ClothingAndHouseholdGoods
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Noncash Contribs Rptd F990 | 7076 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | Opinions of experts | MethodOfDeterminingRevenues |
| Field | Value | IRS element (for citing) |
|---|---|---|
| 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 | 81 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 2289652 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | Market value | 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 | |
| Real Estate Commercial | RealEstateCommercial | |
| Real Estate Other | RealEstateOther | |
| Collectibles | Collectibles |
Food Inventory FoodInventory
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 7 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 1833 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | Cost | MethodOfDeterminingRevenues |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Drugs And Medical Supplies | DrugsAndMedicalSupplies | |
| Taxidermy | Taxidermy | |
| Historical Artifacts | HistoricalArtifacts | |
| Scientific Specimens | ScientificSpecimens | |
| Archaeological Artifacts | ArchaeologicalArtifacts |
Other Non Cash Contributions Table OtherNonCashContributionsTable (4 entries)
| Non Cash CheckboxNonCashCheckbox | DescriptionDescription | Number Of ContributionsNumberOfContributions | Noncash Contribs Rptd F990NoncashContribsRptdF990 | Method Of Determining RevenuesMethodOfDeterminingRevenues |
|---|---|---|---|---|
| X | Computer Equipment | 1 | 34893 | cost |
| X | Athletic Broadcasts/Events - Other | 16 | 11167 | selling price |
| X | campus events | 1 | 22000 | selling price |
| X | miscellaneous | 19 | 50948 | cost |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Any Property That Must Be Held | false | AnyPropertyThatMustBeHeld |
| Review Process Unusual NC Gifts | true | ReviewProcessUnusualNCGifts |
| Third Parties Used | false | ThirdPartiesUsed |
Form990 Schedule M Part II Form990ScheduleMPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Column B | Identifier |
| Explanation | Column B represents the number of contributions made for each specified category and NOT the number of items contributed to Union College. | Explanation |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (10 entries)
| IdentifierIdentifier | ExplanationExplanation |
|---|---|
| Part VI-A, Question 1 | There are 45 trustees listed on Part VII, Section A; however only 35 of these trustees have voting rights. Of the 45 trustees, 11 are trustees emeriti which do not have voting rights. In addition, the Governor of the State of New York and the President of the College have voting rights as described in the College's By-Laws; however are not considered trustees and are therefore not listed on Part VII, Section A. |
| Part VI-A, Question 2 | 1. Stephen Ritterbush & Kathy Magliato - Business Relationship 2. David Breazzano & James Taylor - Business Relationship 3. William Curtain & Valerie Hoffman - Business Relationship |
| Part VI-B, Question 10a | The Trustees of Union College is affiliated with the Alumni Council of Union College, Inc. |
| Part VI-B, Question 10b | There are written policies and procedures governing the activities of Alumni Council. |
| Part VI-B, Question 11 | Although the College does not provide a copy to all Board members, it does provide a copy of the 990 to the Audit Committee prior to submission for review. The Audit Committee Chair provides an overview of the review to the full Board of Trustees. In addition, a copy of the Form 990 is available for review in the College's Finance Office. |
| Part VI-B, Question 12c | The Trustees of Union College has a written conflict of interest policy, which requires officers, directors, trustees and key employees to annually disclose interests that could give rise to conflicts. Questionnaires are sent annually to monitor and enforce compliance with the policy. The responses to the questionnaires are reviewed by both the President's Office and Finance for potential conflicts of interest that require disclosure. If a conflict of interest is noted, potentially a Board member would have to recuse himself from voting, if so required. |
| Part VI-B, Question 15b | The Executive Compensation Committee shall act as a committee of the Board, consisting of the Chairman, Vice Chairman, Secretary, and General Counsel of the Board of Trustees. The Chair of the Board shall serve as the Chair of the Committee. The Committee shall act as the authorized body under Treasury Reg. 53.4958-6, responsible for approving the compensation arrangements of the President and certain key employees, as defined from time to time by the Internal Revenue Service. Regarding the President, the Committee will: a. Review goals for the upcoming year and accomplishments for the year just ended. b. Obtain appropriate analysis and studies for use in evaluating the compensation of the President. c. Document its deliberations and decision establishing the President's compensation. d. Report to the Executive Committee of the Board annually its findings and actions. Regarding key employees, the Committee will: a. Review the analysis and studies used by the President and/or administration in evaluating the recommended compensation of the key employees. b. Document its deliberations and decisions as to the reasonableness of the compensation recommendations for key employees. c. Report to the Executive Committee of the Board annually its findings and actions. Currently defined as those employees, other than officers or Trustees, who: had reportable compensation of $150,000 or greater on a calendar year basis; had or shared organization-wide control or influence similar to that of an officer or Trustee, or managed or had authority or control over at least 10% percent of the College's activities; and were within that group of the College's top 20 highest paid persons for the year who satisfied both of the foregoing two tests. |
| Part VI-C, Question 19 | The Trustees of Union College's governing documents, conflict of interest policy and financial statements are available to the public upon request. The financial statements are also available on the College's website www.union.edu. |
| Part VII, Column B | The following individuals listed in Part VII, Column A also devote hours to the following related organizations: John Vero, Trustee - Alumni Council; .25 hours per week Stephen Ainlay, Key Employee - Alumni Council (ex-officio); .25 hours per week |
| Part XI, Line 5 | Other changes in net assets or fund balances included in Line 5 are net unrealized gains of $38,217,556 and actuarial gain/loss on terminations of $510,428. |
Schedule R IRS990ScheduleR
Form990 Schedule R Part II Form990ScheduleRPartII
Name Of Disregarded Entity NameOfDisregardedEntity
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Alumni Council of Union College Inc | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 807 Union St Abbe Hall | AddressLine1 |
| City | Schenectady | City |
| State | NY | State |
| ZIP Code | 12308 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 146019466 | EIN |
| Primary Activities | Supporting Or | PrimaryActivities |
| Legal Domicile State | NY | LegalDomicileState |
| Exempt Code Section | 501(c)(3) | ExemptCodeSection |
| Public Charity Status | 11C | PublicCharityStatus |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NA | BusinessNameLine1 |
Form990 Schedule R Part IV Form990ScheduleRPartIV (11 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EINEIN | Primary ActivityPrimaryActivity | Legal Domicile StateLegalDomicileState | Business Name Line1DirectControllingEntityName/BusinessNameLine1 | Type Of EntityTypeOfEntity | Share Of Total IncomeShareOfTotalIncome | Share Of EOY AssetsShareOfEOYAssets | Percentage OwnershipPercentageOwnership |
|---|---|---|---|---|---|---|---|---|---|---|---|
| James E Enright CRUT | |||||||||||
| 807 Union Street | Schenectady | NY | 12308 | 141338580 | Investing | NY | Union College | Trust | 0 | 690631 | 0.76000 |
| Juengling HB 5 CRUT FBO - Union | |||||||||||
| 211 North Broadway Suite 1000 | St Louis | MO | 63102 | 061389744 | Investing | CT | Union College | Trust | 0 | 50418 | 0.51000 |
| Warren O Kamm CRUT - Union | |||||||||||
| 221 North Broadway Suite 1000 | St Louis | MO | 63102 | 066463750 | Investing | CT | Union College | Trust | 0 | 90279 | 0.56000 |
| Romana Obenzinger CRUT | |||||||||||
| 807 Union Street | Schenectady | NY | 12308 | 141338580 | Investing | FL | Union College | Trust | 0 | 1126209 | 0.97000 |
| The Nathan and Romana Obenzinger CLD | |||||||||||
| 670 West End Ave No 9D | New York | NY | 10025 | 141338580 | INvesting | NY | Union College | Trust | 0 | 676671 | 0.64000 |
| Frank E Pepe Unitrust - Union | |||||||||||
| 211 North Broadway Suite 1000 | St Louis | MO | 63102 | 206822068 | Investing | MO | Union College | Trust | 0 | 63352 | 0.68000 |
| Stanley G Peschel CRAT | |||||||||||
| One Constitution Plaza CTHM-M08P | Hartford | CT | 06115 | 141338580 | Investing | CT | Union College | Trust | 0 | 676046 | 0.72000 |
| Kenneth B & Kathleen Kelly Sharpe CRUT | |||||||||||
| 20 Rue Villars | Newport Beach | CA | 92660 | 141338580 | Investing | CA | Union College | Trust | 0 | 529162 | 0.67000 |
| John H Smith & Winifred S Smith CRT | |||||||||||
| 4 Almeria Drive | Clifton Park | NY | 12065 | 141338580 | Investing | NY | Union College | Trust | 0 | 98701 | 0.78000 |
| Thyra Joan Smith Trust | |||||||||||
| PO Box 380 | Schenectady | NY | 12301 | 141338580 | Investing | NY | Union College | Trust | 0 | 518035 | 0.52000 |
| Melcher A Anderson Trust | |||||||||||
| PO Box 830269 | Dallas | TX | 75283 | Investing | FL | Union College | Trust | 0 | 74196 | 1.00000 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Ann Rents Royalties | false | ReceiptOfIntAnnRentsRoyalties |
| Gift Grant Or Cap Contr To Other Org | true | GiftGrantOrCapContrToOtherOrg |
| Gift Grant Or Cap Contr Fr Other Org | false | GiftGrantOrCapContrFrOtherOrg |
| Loans Or Guarantees To Other Org | false | LoansOrGuaranteesToOtherOrg |
| Loans Or Guarantees From Other Org | false | LoansOrGuaranteesFromOtherOrg |
| Sale Of Assets To Other Org | false | SaleOfAssetsToOtherOrg |
| Purchase Of Assets From Other Org | false | PurchaseOfAssetsFromOtherOrg |
| Exchange Of Assets | false | ExchangeOfAssets |
| Rental Of Facilities To Other Orgs | false | RentalOfFacilitiesToOtherOrgs |
| Rental Of Facilities Fr Other Orgs | false | RentalOfFacilitiesFrOtherOrgs |
| Perform Of Services For Other Orgs | false | PerformOfServicesForOtherOrgs |
| Perform Of Services By Other Orgs | false | PerformOfServicesByOtherOrgs |
| Sharing Of Facilities | false | SharingOfFacilities |
| Sharing Of Paid Employees | false | SharingOfPaidEmployees |
| Reimbursement Paid To Other Org | false | ReimbursementPaidToOtherOrg |
| Reimbursement Paid By Other Org | true | ReimbursementPaidByOtherOrg |
| Other Transfer To Other Org | false | OtherTransferToOtherOrg |
| Other Transfer From Other Org | false | OtherTransferFromOtherOrg |
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