2012-05-02T17:26:02-05:00 2011-06-30 GRANT THORNTON LLP 666 THIRD AVENUE NEW YORK NY 100174011 990 2010-07-01 111635105 St Francis College STFR 7184895364 180 Remsen Street Brooklyn NY 11201 JUNE MCGRISKEN 2012-05-02 2125990100 2010 2016-02-24 21:20:13Z Brendan Dugan 180 Remsen Street Brooklyn NY 11201 60297301 false X WWW.SFC.EDU X 1957 NY St. Francis College is an independent, coeducational institution of higher education chartered by an act of the regents of the University of the state of New York on April 10, 1957. 25 25 495 25 0 0 3612606 5436806 40320768 44283879 1041152 1391667 1259869 1760117 46234395 52872469 11089406 12056888 0 0 20696308 21576000 0 0 1351565 17633912 18498008 49419626 52130896 -3185231 741573 112172720 146913687 26755604 51650780 85417116 95262907 ST. FRANCIS COLLEGE IS AN INDEPENDENT, COEDUCATIONAL INSTITUTION OF HIGHER EDUCATION CHARTERED BY AN ACT OF THE REGENTS OF THE UNIVERSITY OF THE STATE OF NEW YORK ON APRIL 10, 1957. false false 15874774 43895249 INSTRUCTIONAL - THE COLLEGE PROVIDES DIRECT SERVICES through its faculty TO APPROXIMATELY 2,400 FULL AND 400 PART TIME STUDENTS LEADING primarily TO BACCALAUREATE AND ASSOCIATE DEGREES. 14262294 388630 ACADEMIC SUPPORT - PROVIDES FUNDING FOR SUPPORT SERVICES TO THE INSTRUCTIONAL DEPARTMENTS, academic ENHANCEMENT AND STUDENT ORIENTATION SERVICES, HONORS PROGRAMS, AND THE LIBRARY. STUDENT SERVICES - PROVIDES FUNDING FOR THE OFFICES OF ADMISSIONS, REGISTRAR, AND OTHER STUDENT RELATED SUPPORT SERVICES AND ACTIVITIES TO ENSURE STUDENT'S EMOTIONAL AND PHYSICAL WELL-BEING AND DEVELOPMENT OUTSIDE THE FORMAL INSTRUCTIONAL PROGRAM. 12056888 12056888 STUDENT AID AND OTHER - FUNDING FOR SCHOLARSHIPS, GRANTS, AND OTHER FINANCIAL AID. THE COLLEGE awards federal and state grants and/or loans based upon financIAL need. College FUNDED INSTITUTIONAL AND ENDOWED GRANTS/SCHOLARSHIPS ARE AWARDED BASED UPON FINANCIAL NEED AND ACADEMIC MERIT. 42193956 true true false true false false true false true true true false true true true true false true false true false false false true false false false true true true false false true false false false false false false false true false false false false false false false false false true 3740 0 true 495 true false false false false false true true false false false false X 25 25 true false false false false false false true true false false true true true true true true true true false X JOHN RAGNO AVP FOR FINANCE 7184895364 180 REMSEN STREET BROOKLYN NY 11201 HECTOR BATISTA 0.5 X 0 0 0 BROTHER WILLIAM BOSLET 0.5 X 0 0 0 CAROLYN CALLAHAN 0.5 X 0 0 0 BROTHER LEONARD CONWAY 0.5 X 0 0 0 ORVILLE DALE 0.5 X 0 0 0 Brother Michel Bettigole 0.5 X 0 0 0 VINCENT DEGIAIMO 0.5 X 0 0 0 BARBARA G KOSTER 0.5 X 0 0 0 JESUS LINARES 0.5 X 0 0 0 J CHRISTOPHER MANGAN 0.5 X 0 0 0 LAWRENCE A MARSIELLO 0.5 X 0 0 0 GINO P MENCHINI 0.5 X 0 0 0 DENIS SALAMONE 0.5 X 0 0 0 BROTHER KEVIN SMITH OSF 0.5 X 0 0 0 JOHN F TULLY 0.5 X 0 0 0 CHARLES E WILLIAMS III 0.5 X 0 0 0 SUSAN HUFF 0.5 X 0 0 0 LESLIE JACOBSON 0.5 X 0 0 0 GERARD KEEGAN 0.5 X 0 0 0 VICTOR J MASI 0.5 X 0 0 0 William Dawson 0.5 X 0 0 0 Edward N Constantino 0.5 X 0 0 0 Mary Beth Dawson 0.5 X 0 0 0 Sister Marilyn Trowbridge 0.5 X 0 0 0 Luis Diaz 0.5 X 0 0 0 JUNE MCGRISKEN 40.0 X 189160 0 28915 TIMOTHY HOULIHAN 40.0 X 186888 0 30398 LINDA WERBEL DASHEFSKY 40.0 X 123314 0 36766 GUY CARLSEN 40.0 X 144962 0 21825 BRENDAN DUGAN 40.0 X 329918 0 35327 Thomas Flood 40.0 X 182903 0 16531 DRFRANK MACCHIAROLA 40.0 X 192776 0 29100 ALLEN BURDOWSKI 40.0 X 166537 0 19650 KEVIN O'ROURKE 40.0 X 144677 0 40691 DR GEOFFREY HORLICK 40.0 X 141955 0 37598 Steven Catalano 40.0 X 139797 0 19620 STEPHEN BOGART 40.0 X 212352 0 40179 2155239 0 356600 25 true true false ISS facility Services PO Box 118 NEW CASTLE PA 16103 cleaning 719752 StructureTone Inc 770 Broadway NEW YORK NY 10003 Construction 5187635 Wilkins Media Inc 8010 Roswell Road Suite 1610 NEW YORK NY 10019 Advertising 602734 AKF 1501 Broadway Suite 700 NEW YORK NY 10036 Engineering 515282 ThyssenKrupp Elevator PO Box 933004 ATLANTA GA 31193 Elevator 532960 18 1240365 4196441 288635 5436806 STUDENT TUITION AND FEES 611710 43895249 43895249 ATHLETIC RELATED INCOME 611710 388630 388630 44283879 929260 929260 92889 92889 0 983431 983431 983431 983431 7404116 7034598 369518 369518 369518 1014502 390234 624268 624268 0 0 VENDOR COMMISSIONS 721000 110114 110114 MISCELLANEOUS 900099 42304 42304 152418 52872469 44283879 0 3151784 0 12056888 12056888 0 0 2155239 495380 1284180 375679 0 14718037 12112883 2234026 371128 1353421 1011320 282199 59902 2059490 1538918 429419 91153 1289813 963790 268936 57087 0 168257 144701 23556 184278 60023 124255 228000 228000 0 0 642349 218173 232432 191744 1386826 459110 927716 882228 595927 241991 44310 1303713 1198636 105076 0 3268802 2808551 362278 97973 94960 62395 28410 4155 0 229464 137638 74302 17524 830689 830689 0 2931000 2521743 409257 0 BAD DEBT EXPENSE 1042677 896702 145975 ATHLETIC SUPPLIES & GAME MGT 672945 672945 STUDENT ASSISTANTS 546196 320406 199335 26455 SPECIAL EVENTS & STUDENT GOV 468781 135321 333460 CAPITAL PROJECT EXPENSES 371677 371677 3245166 2580140 650571 14455 52130896 42193956 8585374 1351565 709459 1492414 1459132 558249 1443451 1209417 683722 660014 473852 961403 84547562 31726155 46070310 52821407 35017689 43693553 24559386 23670467 1755719 21846763 112172720 146913687 4365227 5198190 5962200 5372876 15106603 39500548 1321574 1579166 26755604 51650780 X 72037694 80388381 3448593 4800472 9930829 10074054 85417116 95262907 112172720 146913687 X 741573 9104218 X false true true X true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false true 228000 false false false false 228000 false false Description of Lobbying Activities Part II-B The College hires consultants to provide advice, strategic planning, and program implementation on various projects and issues. Additionally, on behalf of the College the consultant attends and performs various presentations before elected officials, public hearings and government administrators. 200205 X X CURRENTLY HELD IN STORAGE false 38712995 894064 10421703 576418 3216870 46235474 36504579 612456 5840293 938891 3305442 38712995 51641131 1536421 -11815952 1408206 3448815 36504579 0.69000 0.22000 0.09000 false false 105640 105640 68987797 28215221 40772576 5009926 3510934 1498992 10444199 10444199 52821407 PRIVATE EQUITY FUND 2256808 F ABSOLUTE RETURN HEDGE FUND 7546199 F FUND OF FUNDS HEDGE FUNDS 10481263 F PRIVATE REAL ESTATE FUND 3386197 F 23670467 FUNDS HELD BY TRUSTEE 20655116 3RD PARTY RECEIVABLES 1099330 INTEREST INCOME RECEIVABLE 36979 CASH RESTRICTED FOR LOAN PROG. 55338 21846763 0 REFUNDABLE LOAN PROGRAM 609918 DEFERRED STUDENT PAYMENTS/DEPOSITS 497249 ACCRUED INTEREST PAYABLE 471999 1579166 52872469 52130896 741573 9154570 -50352 9104218 9845791 49919799 9154570 9154570 40765229 50352 12056888 12107240 52872469 40023656 40023656 50352 12056888 12107240 52130896 Art Collections Part III, Line 4 The College possesses a Collection of Central American Art which is held in storage. Endowment part V, line 4 Certain endowment funds are used to provide scholarships to students in accordance with donor specifications. In addition, the Board of Trustees approved a spending rate of 6% to support the operations of the college. The actual spending rate was 5.3%. FIN 48 Part X On July 1, 2007, the College adopted the provisions of FASB Interpretation No. 48 ("FIN 48"), "Accounting for Uncertainty in Income Taxes." FIN 48 requires that a tax position be recognized or derecognized based on a "more likely than not" threshold. This applies to positions taken or expected to be taken in a tax return. During 2009, the College evaluated its tax positions and concluded that it does not have any uncertain tax positions that meet the criteria under FIN 48. Accordingly, implementation of FIN 48 did not have any impact on the College's accompanying financial statements. Reconciliation Parts XII Line 4B and XIII Line 4b The amounts represent scholarships and awards that are net on the financial statements. reconciliation of revenue per audited financial statements with revenue per return: Part XII - Other, Listed on line 4b represents college scholarships and government sponsored assistance. reconciliation of expense per audited financial statements with expense per return: Part XIII - Other, listed on line 4b represents college scholarships and government sponsored assistance. true true true true true true true false false false false false false false false true false true Description , Line 3 The College publicizes its racially non-discriminatory policy on its website. Description Line 6A Financial Assistance is provided to our students by the U.S. Department of Education through the federally funded campus based programs - Federal Supplemental Educational Opportunity Grant(FSEOG), Federal Work Study (FWS), Smart Grant, Academic Competitor Grant, and the Federal Perkins Loan Program. Central America and the Caribbean Investments 20203051 20203051 20203051 false false false false false false Charter Dinner false Charter Dinner 423244 423244 78881 1500 44277 Reunion Dinner 72015 72015 29318 28918 2 519243 519243 82825 124515 1014502 1014502 161706 29318 1500 197710 390234 624268 true SUPPLEMENTAL EQUAL OPPORTUNITY GRANT 354 220158 FMV FEDERAL WORK STUDY PROGRAM 100 144734 FMV ACADEMIC COMPETITOR GRANT 120 100575 FMV SMART GRANT 23 52000 FMV COLLEGE FUNDED SCHOLARSHIPS 1407 11539421 FMV PART 1, LINE #2 THE COLLEGE AWARDS FEDERAL AND STATE GRANTS BASED UPON FINANCIAL NEED. COLLEGY FUNDED INSTITUTIONAL AND ENDOWED GRANTS/SCHOLARSHIPS ARE AWARDED BASED UPON FINANCIAL NEED AND ACADEMIC MERIT. THE COLLEGE MONITORS THESE GRANTS AND AWARDS BY SEMESTER TO VERIFY THAT RECIPIENTS ARE MAINTAINinG THE MINIMUM STANDARDS REQUIRED TO RECEIVE THE GRANT OR AWARD. X X X X X false false false false false false false false false STEPHEN BOGART 212352 0 0 0 0 0 25450 14729 252531 0 0 JUNE MCGRISKEN 189160 0 0 0 0 0 22899 6016 218075 0 0 0 TIMOTHY HOULIHAN 186888 0 0 0 0 0 22899 7499 217286 0 0 0 LINDA WERBEL DASHEFSKY 123314 0 0 0 0 0 15237 21529 160080 0 0 0 DRFRANK MACCHIAROLA 192776 0 0 0 0 0 21448 7652 221876 0 0 0 ALLEN BURDOWSKI 166537 0 0 0 0 0 17193 2457 186187 0 0 0 KEVIN O'ROURKE 144677 0 0 0 0 0 17783 22908 185368 0 0 0 DR GEOFFREY HORLICK 141955 0 0 0 0 0 16983 20615 179553 0 0 0 GUY CARLSEN 144962 0 0 0 0 0 17027 4798 166787 0 0 0 BRENDAN DUGAN 329918 0 0 0 0 0 30960 4367 365245 0 0 0 Steven Catalano 139797 0 0 0 0 0 15220 4400 159417 0 0 0 Thomas Flood 182903 0 0 0 0 0 0 16531 199434 0 0 0 New York City Industrial Development Agency 132906040 64971C3K8 2004-11-01 360000 New Building construction false true false New York City Industrial Development Agency 132906040 64971C3L6 2004-11-01 370000 New Building construction false true false New York City Industrial Development Agency 132906040 64971C3M4 2004-11-01 385000 New Building construction false true false New York City Industrial Development Agency 132906040 64971C3N2 2004-11-01 400000 New Building construction false true false 360000 360000 false false true true 370000 370000 false false true true 385000 385000 false false true true 400000 400000 false false true true false false false false false true false false false false false true false false false false false true false false false false false true true false false false false false true false false false false false true false false false false false true false false false false false X 8 288636 FMV 0 false false false Form 990, Part VI, Line #11 The IRS form 990 is reviewed and approved by the audit committee and full board of trustees annually. Form 990, Part VI, Section B, Line # 12C The conflict of interest policy is distributed to all faculty, staff, and administration every year. Certain employees are required to sign the questionnaire and disclose any conflicts. All members of the board of trustees are required to review the policy and sign and complete a questionnaire on an annual basis, disclosing potential conflicts. The executive committee of the board monitors and enforces compliance. Form 990, Part VI, Section B, Line # 15A&15B The college engaged an independent consultant to review and compare the compensation of top management to similar institutions in a compensation study. A compensation survey was performed regarding compensation of other officers. Compensation decisions and reports are contemporaneously documented in the board minutes when the decisions are made. Form 990, Part VI, Section C, Line # 19 The audited financial statements and conflict of interest policy are available on the College's website at www.sfc.edu. Governing documents will be made available upon request. Form 990, Part VI, Section A, Line # 2 William Dawson and Mary Beth Dawson - Family Relationship Form 990, Part XI, Line 5 Net Unrealized gain in investments - 9,154,570 Investment Expenses (50,352) ------------- 9,104,218 Schedule K, Part III, LIne # 3a The NYS IDA bond listed is broken up into multiple series issues and was used to finance the construction of a new academic center. The college entered into a lease agreement with New York City for the use of certain areas in the facility. The DASNY bond listed is broken up into multiple series issues and is currently used to finance capital improvements throughout the campus. Schedule F, Part 1, Line 3a & d The College has investments in foreign commingled funds whose legal domicile is located in the caribbean region.