2011-04-05T10:09:10-05:00 2010-05-31 KPMG LLP 515 Broadway 4th Floor Albany NY 122072974 990 2009-06-01 141338498 Siena College SIEN 5187832300 Route 9 Loudonville NY 12211 Paul T Stec 2011-03-22 true 5184274600 2011-04-05 2009 2016-02-24 21:20:13Z Paul Stec Siena College Loudonville NY 12211 155954561 false X www.siena.edu X 1937 NY SIENA COLLEGE IS AN INSTITUTION OF HIGHER EDUCATION OFFERING A LIBERAL ARTS CURRICULUM IN ITS FRANCISCAN AND CATHOLIC IDENTITY. 33 33 2427 168 748525 144039 5436186 8696661 100838780 106173697 2802039 4455597 307293 672123 109384298 119998078 2476016 30228400 0 0 48986591 52826012 0 0 2511833 60411775 34514253 111874382 117568665 -2490084 2429413 232293817 267780114 71262496 96536380 161031321 171243734 SIENA COLLEGE IS AN INSTITUTION OF HIGHER EDUCATION OFFERING A LIBERAL ARTS CURRICULUM IN ITS FRANCISCAN AND CATHOLIC IDENTITY. false false 103625187 30228400 106173697 Siena College is a coeducational, independent, liberal arts college with a Franciscan and Catholic tradition. Founded in 1937 by seven Franciscan friars, it is located in Loudonville, New York, a suburban community just outside the state's capital. Siena is registered by the Board of Regents of the University of the State of New York. All programs are accredited by the Middle States Commission on Higher Education, and the School of Business is accredited by the Association to Advance Collegiate Schools of Business. In addition, the Chemistry program is certified by the American Chemical Society, the Social Work program is certified by the Council on Social Work Education, and the Education programs are accredited by the National Council for the Accreditation of Teacher Education. Siena's 3,165 undergraduates enroll in one of three schools - Liberal Arts, Science, and Business - and may choose to pursue study from a total of 30 departments, 45 minors and certificate programs, and professional curricula in Secondary Education, Pre-Law, and Social Work. 23 graduates have enrolled in the new Masters in Accounting program. On average, 150 students study abroad in a given year. Ninety-six percent of Siena students enter graduate school or find employment immediately following graduation. Admission to the College is competitive. Of the 769 incoming members of the Class of 2013, 27 percent graduated in the top ten percent of their high school class and their average SAT score was 1170. Siena's freshman retention rate for the class entering in the fall of 2009 was 89 percent. 103625187 true true false true false false true false true true true true true false true true true false true false false false true true true false false false false false false false false false false true false false false false true true false false true 260 0 true 2427 true true true true UK false false false true true false false false true true 33 33 false false false false false false false true true false false true true true true false true true true false X PAUL STEC 5787832300 SIENA COLLEGE LOUDONVILLE NY 12211 Ronald E Bjorklund 6.0 X 0 0 0 J David Brown 6.0 X 0 0 0 Michael Bucci 6.0 X 0 0 0 Robert F Campbell 6.0 X 0 0 0 Judy Capano Michaelson 5.0 X 0 0 0 Br F Edward Coughlin ofm 1.0 X 0 0 0 Robert M Curley 6.0 X 0 0 0 Robert T Cushing 6.0 X 0 0 0 Susan Law Dake 6.0 X 0 0 0 Virginia L Darrow 6.0 X 0 0 0 Scott C Donnelly 1.0 X 0 0 0 Howard S Foote 6.0 X 0 0 0 Shari Golub-Schillinger 4.0 X 0 0 0 Sr Violet T Grennan 1.0 X 0 0 0 Robert L Guido 6.0 X 0 0 0 Rev Kenneth R Himes OFM 6.0 X 0 0 0 Walter T Kicinski 6.0 X 0 0 0 Pamela McCarthy 1.0 X 0 0 0 Robert J McCormick 6.0 X 0 0 0 James J Morrell 1.0 X 0 0 0 John F Murray 6.0 X 0 0 0 John J Nigro 4.0 X 0 0 0 Very Rev John F O Connor OFM 4.0 X 0 0 0 Walter A Osterman 8.25 X 0 0 0 Kenneth M Raymond Jr 6.0 X 0 0 0 William E Redmond Jr 1.0 X 0 0 0 Mark S Rose 6.0 X 0 0 0 Rev James P Scullion OFM 1.0 X 0 0 0 David M Stack 6.0 X 0 0 0 Christine L Standish 1.0 X 0 0 0 Nimmi M Trapasso MD 1.0 X 0 0 0 Dennis L Winger 4.0 X 0 0 0 Very Rev Kevin J Mullin OFM 40.0 X X 0 0 0 David Smith 40.0 X 156378 0 15616 Linda Richardson 40.0 X 152625 0 21212 Paul Stec 40.0 X 149126 0 32554 Maryellen Gilroy 40.0 X 128891 0 17501 Ned Jones 40.0 X 108907 0 27972 Francis McCaffery 40.0 X 454353 0 60849 Gina Castelli 40.0 X 146439 0 15597 James Nolan 40.0 X 137345 0 28293 Karen Quaal 40.0 X 125536 0 25294 Edward LaRow 40.0 X 118581 0 46314 1678181 0 291202 29 false true false SODEXHO 515 LOUDON RD LOUDONVILLE NY 12211 FOOD SERVICES 6414374 SunGuard Higher Education 14327 Collections Center Drive CHICAGO IL 60693 IT-Management Co 1262195 ST PETERS HOSPITAL 315 S MANNING BLVD ALBANY NY 12208 HEALTH SERVICES 409470 KPMG 515 Broadway ALBANY NY 12207 Auditing Tax 260497 Zone 5 25 Monroe Street ALBANY NY 12210 Publishing Marketing 160053 8 124616 1474622 7097423 289556 8696661 TUITION FEES 77324734 77324734 OTHER REVENUE 2525661 2525661 ROOM & BOARD 23978032 23978032 LABORATORY FEES 857704 857704 OTHER STUDENT FEES 817691 817691 669875 669875 106173697 2090285 26908 2063377 0 0 130904 125096 5808 5808 2315 3493 37986024 35620712 2365312 2365312 2365312 88454 124616 141441 -52987 -52987 0 128472 69234 59238 59238 ADVERTISING REV. 541800 232524 232524 SIENA RESEARCH INSTITUTE 900099 427540 427540 660064 119998078 106173697 748525 4379195 0 29061446 29061446 1166954 1166954 0 705517 406306 150502 148709 0 38242187 32144840 4665032 1432315 3002457 2509350 371227 121880 8010919 6695250 990478 325191 2864932 2394411 354223 116298 1030864 1030864 35442 35442 203455 203455 89828 89828 0 164577 164577 459387 348578 55245 55564 761140 747360 8252 5528 0 0 0 2708242 2708242 1945003 1790427 104219 50357 0 0 2346892 2346892 0 5854082 5854082 774134 115827 658307 ENTERTAINMENT 903943 691261 98285 114397 STUDENT ACTIVITIES 1098490 1098490 FOOD 5523269 5523269 SUPPLIES 4383082 3192902 1069741 120439 REPAIRS AND MAINTENANCE 1883094 1278426 594303 10365 4349329 3550874 787665 10790 117568665 103625187 11431645 2511833 3871931 4492218 8207765 2999912 3320620 3496294 1633009 2494217 3428940 3462215 1868307 2629033 173678799 67787690 92463900 105891109 39062607 35554979 71070844 83913447 7365894 22846690 232293817 267780114 9352279 14187997 2216878 2037616 45902023 63414420 13791316 16896347 71262496 96536380 X 112761341 117690226 3703935 4180929 44566045 49372579 161031321 171243734 232293817 267780114 X false true true X true true X false false false RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false true false false false false true 0 false true 89828 89828 false false Part II-B, Questions 1b and 1g The College, the college's president (Father Kevin Mullen) and the Director of Government and Foundation Relations are registered lobbyists in New York State. Siena College is registered as a lobbyist in New York State in the unlikely event of incidental contact with elected or other government officials. No employee-related expense has been incurred in relation to lobbying activity since the college did not actively lobby during the fiscal period. Father Kevin Mullen, in accordance with the holy name province order of Friars minor (OFM), takes a vow of poverty and does not directly receive a salary. Part II-B, Question 1i The college hires a lobbying firm to obtain funding for the college through the federal appropriations process and through various state level funding initiatives. 0 17102 X X X Teaching false 81792336 1716146 9412978 4824009 88097451 111534450 1054057 -26445174 5000 4345997 81792336 0.39000 0.56000 0.05000 false false 8534651 8534651 121886758 45087671 76799087 30116478 22700019 7416459 13140912 0 13140912 105891109 12907610 F CASH EQUIVALENTS 6435551 F US PRIVATE EQUITY MUTUAL FUNDS 15419764 F US PRIVATE EQUITY - INVSTMT CO 8470072 F FOREIGN PRIVATE EQUITY-LP&LLC 15375169 F ABSOLUTE RETURN FUNDS-LP 12736691 F SMALL CAP EQUITY-TRUST 2586355 F VENTURE CAPITAL 6707237 F OTHER INVESTMENTS 3274998 F 83913447 DEPOSITS WITH BOND TRUSTEES 22784183 ACCRUED INVESTMENT INCOME 62507 22846690 0 ANNUITIES PAYABLE 1065459 POSTRETIREMENT BENEFITS 9427391 FEDERAL STUDENT LOAN FUNDS 3071426 ASSET RETIREMENT OBLIGATION 3332071 16896347 119998078 117568665 2429413 10582341 -2799341 7783000 10212413 128111164 10582341 -2799341 7783000 120328164 -330086 -330086 119998078 117898751 330086 330086 117568665 117568665 Part III, line 1a SIENA'S FINE ART COLLECTIONS ENCOMPASS A BROAD RANGE OF PERIODS AND STYLES, WITH FINE PAINTINGS, WORKS ON PAPER, SCULPTURE, AND ARTIFACTS. ORIGINAL WORKS FROM HISTORIC AND CONTEMPORARY ARTISTS ARE DISPLAYED THROUGHOUT THE CAMPUS. AMONG THESE ARE SEVERAL EXCELLENT PIECES OF THE HUDSON RIVER SCHOOL, QUALITY 19TH CENTURY COPIES OF RENAISSANCE RELIGIOUS PAINTINGS, AND A DIVERSE BODY OF WORK RECENTLY ACQUIRED FROM LOCAL CONTEMPORARY ARTISTS. THE COLLECTION ORIGINATED IN THE LATE 1950's LARGELY THROUGH THE INTEREST OF FINANCIER PIERRE BRETEY, WHO DONATED A SUBSTANTIAL NUMBER OF WORKS FROM HIS PRIVATE COLLECTION. AN INVESTMENT ADVISOR IN RAILROAD SECURITIES, HE BEGAN COLLECTING DURING THE DEPRESSION. FATHER MAURUS A. KENNEDY O.F.M., TREASURER OF SIENA COLLEGE FROM 1957 - 1965, MET MR. BRETEY WHILE STUDYING AT NEW YORK UNIVERSITY, AND GENERATED HIS INTEREST IN SIENA. NOTING THAT "AT THE TIME, SIENA HAD NOTHING IN THE WAY OF ART," BRETEY COMMENCED A DONATION OF ART THAT SPANNED MANY YEARS, FROM 1957 THROUGH 1974. THROUGH HIS GENEROSITY, THE COLLEGE ACQUIRED WORKS BY INNESS, RITTER, EUROPEAN RELIGIOUS PAINTINGS AND LANDSCAPES AS WELL AS MANY EXAMPLES OF FINE FURNITURE AND DECORATIVE ARTS. OTHER MAJOR DONORS TO THE COLLECTION INCLUDE JOSEPH TESSITORE, AN ALUMNUS OF SIENA WITH INTEREST IN COLLECTING ORIGINAL PRINTS, PARTICULARLY THOSE OF LEROY NEIMAN. HIS CONTRIBUTION TO THE COLLECTION INCLUDES OVER 50 ORIGINAL, SIGNED SERIGRAPHS, AS WELL AS SEVERAL ORIGINAL OIL PAINTINGS AND ETCHINGS FROM HIS ESTATE. A NUMBER OF WORKS BY MICHAEL AND JASPER SANFRATELLO, BROTHERS OF FR. SENNEN SANFRATELLO O.F.M., HAVE BEEN ADDED TO THE COLLECTIONS THROUGH FAMILY DONATION, AND SEVERAL WORKS BY THE LATE FR. FELTON ROBERTSON O.F.M., DONATED BY THE ARTIST, ALSO FEATURE PROMINENTLY IN SIENA'S HOLDINGS. THE CONSTRUCTION OF THE STANDISH LIBRARY IN 1999 LED TO THE ACQUISITION OF 23 WORKS BY LOCAL CONTEMPORARY ARTISTS AND THE INSTALLATION OF A MURAL ON THE SECOND FLOOR LANDING. ON DISPLAY THROUGHOUT THE LIBRARY, THESE PIECES INCLUDE PAINTINGS, WORKS ON PAPER, PRINTS, PHOTOGRAPHS, AND SCULPTURE. THE COLLEGE CONTINUES TO ADD TO ITS COLLECTIONS, BOTH THROUGH DONATION AND PURCHASE OF ART. RECENT ACQUISITIONS INCLUDE THE PAINTING "MOMENT OF DEATH" BY IRANIAN ARTIST KAYVAN ASGARI, A GROUP OF ORIGINAL SIGNED PRINTS, AND TWO WORKS BY FR. MIGUEL LOREDO O.F.M., "CRISTAL VERDE" AND "RED PARADISE." BEGINNING WITH THE SPRING 2007 SEMESTER, THE COLLEGE WILL ALSO BEGIN A PROGRAM IN THE ACQUISITION OF EXEMPLARY STUDENT WORK THROUGH THE CREATIVE ARTS DEPARTMENT. AS PART OF SIENA'S FINE ARTS COLLECTIONS, THE FAMLI COLLECTION WILL FEATURE PROMINENTLY AROUND THE CAMPUS, ON EXHIBIT IN PUBLIC SPACES, CORRIDORS AND THE STANDISH LIBRARY. WORKS WILL BE ROTATED IN AND OUT OF STORAGE PERIODICALLY TO ALLOW FOR GREATER ACCESS TO THE EXTENT OF THE COLLECTION. THE ART WILL ALSO BE MADE ACCESSIBLE FOR STUDY BY BOTH FACULTY AND STUDENTS THROUGH THE CURATOR OF FINE ARTS. Part V, question 4 Endowed funds are intended primarily to provide for scholarships for student study. Other endowed funds are maintained for support in academic programs, buildings, and athletics. Part X, Line 2 The College has been granted tax-exempt status as a nonprofit organization under Section 501(c)(3) of the Internal Revenue Code and is generally exempt from federal and state income taxes under Section 501(a) of the Code and applicable state laws. The College believes it has taken no significant uncertain tax positions. Part XI, line 8 Actuarial Adjustment ($2,799,341) Part XII, line 2d Actuarial Adjustment ($2,799,341) Part XII, line 4b Rental Expense: (119,411) Cost of Goods Sold: (69,234) Fundraising Expense: (141,441) --------- Total: (330,086) ========= Part XIII, line 2d Rental Expense: 119,411 Cost of Goods Sold: 69,234 Fundraising Expense: 141,441 -------- Total: 330,086 ======== true true true POLICY IS POSTED TO THE WEBSITE. true true true true false false false false false false false false true false THE COLLEGE RECEIVES GRANTS FROM VARIOUS FEDERAL AND STATE AGENCIES. true true East Asia and the Pacific Grantmaking 37501 Europe (Including Iceland and Greenland) Grantmaking 569365 South America Grantmaking 43475 South Asia Grantmaking 4250 Sub-Saharan Africa Grantmaking 47750 South America Program Services Educational Trips 23550 Central America and the Caribbean Program Services Service/Educational 70936 Russia and the Newly Independent States Program Services Educational Trips 37292 Europe (Including Iceland and Greenland) Program Services Educational Trips 181342 Middle East and North Africa Program Services Educational Trips 151493 Europe (Including Iceland and Greenland) Program Services Study Abroad Tuition 598163 Europe (Including Iceland and Greenland) Investments 1765117 X Grants for Education East Asia/Pacific 10 37501 OTHER Grants for Education Europe/Iceland/Greenland 109 569365 OTHER Grants for Education South America 7 43475 Other Grants for Education South Asia 1 4250 Other Grants for Education Sub-Saharan Africa 7 47750 Other Other Assistance to Individuals South America 12 23550 Other Other Assistance to Individuals Cent. America/Caribbean 49 70936 Other Other Assistance to Individuals Russia 8 37292 Other Other Assistance to Individuals Europe/Iceland/Greenland 56 181342 Other Other Assistance to Individuals Middle East/North Africa 42 151493 Other Schedule F, Part I, line 2 The college provides payment of the grants to the student as a credit to the students' receivable account; the grants are not directly paid to the students. For the grant to be available to the student, the college monitors the students enrollment, based on the foreign schools records, and the student must be enrolled and active for the time period the grant is offered. If the student leaves the program early, the grant is not refunded to the student and the student's account is ratably adjusted to reflect the incomplete period. Golf Tournament 96411 62661 33750 38437 14975 Day at Races 36879 22500 14379 29115 2916 3 79780 39455 40325 35669 4250 16079 213070 124616 88454 103221 4250 33970 141441 -52987 true Scholarship for Students 2671 29061446 Schedule I, Part I, line 2 The college provides payment of the grants to the student as a credit to the students' receivable account; the grants are not directly paid to the students. For the grant to be available to the student, the college monitors the students enrollment and the student must be enrolled and active for the time period the grant is offered. If the student leaves the program early, the grant is not refunded to the student and the student's account is ratably adjusted to reflect the imcomplete period. X X true true X false false false false false false false false false false David Smith 148523 0 0 0 7855 0 14871 0 745 0 171994 0 0 0 Linda Richardson 151821 0 0 0 804 0 15088 0 6124 0 173837 0 0 0 Paul Stec 148840 0 0 0 286 0 15315 0 17239 0 181680 0 0 0 Francis McCaffery 303653 0 134025 0 16675 0 24500 0 36349 0 515202 0 0 0 Gina Castelli 132107 0 8223 0 6109 0 11004 0 4593 0 162036 0 0 0 James Nolan 131818 0 0 0 5527 0 13045 0 15248 0 165638 0 0 0 Karen Quaal 125128 0 0 0 408 0 12895 0 12399 0 150830 0 0 0 Edward LaRow 118062 0 0 0 519 0 11658 0 34656 0 164895 0 0 0 Part 1, lines 1a, 1b First class air travel was used by the president to accommodate physical health considerations of the president. Traveler provided to the college appropriate substantiation for the expense incurred. Country club dues were provided to the President, Dean of Business, VP of Development and External Affairs and Men's Basketball Coach to increase the college's presence in the community and among business leaders. Any personal use of the country club dues are included in the listed persons Form W-2. Compensation of the organization's CEO/Executive Director Part I, line 3 The college president (a Franciscan Friar), in accordance with the holy name province order of Friars minor (OFM), takes a vow of poverty and does not directly receive a salary. Payments to the order are made in lieu of the president's salary, which is determined by the trustees. trustees establish the in lieu of payment through the use of comparable salary data for similarly-situated colleges. Albany County Industrial Development Agency 141663410 2003-11-21 3750000 Renovate and upgrade a building false false Dormitory Authority State of New York 146000293 64983QD48 2006-05-04 27942152 Finance Construction & Renovation false false Dormitory Authority State of New York 146000293 649905VX1 2009-12-11 20660808 Construction of Residence Hall false false 3750000 0 0 0 3750000 2004 false false true true 27942152 764359 0 1031065 26146728 2006 true false true true 20660808 16385538 0 665808 3609462 2010 false false true true false false false false true 0.00000 0.00000 0.00000 true false false true false true 0.00000 0.00000 true false false true false true 0.00000 0.00000 true false false false false false false false false false false false false false false false false false false false false X 47744 FMV X 39 148201 average price X Development Reception/Event-Catering, food, wine 11 2917 FMV X Fitness Equip - MAAC Facility 11 27500 FMV X Housing for Women's Golf Team 1 1500 FMV X Sports Equip for Field Hockey and Rowing Machine 2 7600 FMV X Theatre costumes 1 5375 FMV X Piano for the Creative Arts Dept 1 2000 FMV X Sarazen Scholarship Golf Tournament 63 42036 FMV X Robert Matt Gold Tournament 33 3023 FMV X Turchi Golf Event 1 160 FMV X Festa Vino Event Advertisment 1 1500 FMV false true true Part I, Question 32a Securities received as contributions are liquidated through a broker upon receipt. Part VI, Section B, Question 11A A copy of the Form 990 was provided to the audit committee for detail review and a final copy is provided to each board member prior to filing. Part VI, Section B, Question 12c All officers, trustees and key employees assume responsibility for considering possible conflicts of interest that arise during service with the college. to help trustees identify possible conflicts of interest, the college has developed a disclosure form that all trustees must complete and update at least annually. during the course of their service, officers, trustees, and key employees must also disclose any conflict of interest as soon as they become aware of the conflict. the general counsel reviews the disclosures and will disclose any reported conflicts of interest to the audit committee of the board of trustees. The audit committee may consider whether advice from counsel or other independent advisors is necessary in particular instances where a conflict exists and determination of what actions should be taken. Part VI, Section B, Question 15a The college president (a Franciscan Friar), in accordance with the holy name province order of Friars minor (OFM), takes a vow of poverty and does not directly receive a salary. Payments to the order are made in lieu of the president's salary, which is determined by the trustees. trustees establish the in lieu of payment through the use of comparable salary data for similarly-situated colleges. Part VI, Section B, Question 15b Compensation is tied to industry standards via review of source benchmarking materials such as CUPA (College and University Personnel Association) and in accordance with local market and internal equity. Compensation of officers/key employees as determined by the president and the board. All employees are given the same percentage raise. Part VI Section C, Question 18 The college follows the IRS' guidelines for public disclosure. A copy of the Form 990 and Form 990-T is made available to the public by request through the Finance and Administration Office. The Form 990 is also posted on Guidestar. Part VI, Section C, Question 19 The college does not make its governing documents, conflict of interest policy or financial statements available to the public. Schedule K, Part II, line 5 Bond Issue B: Bond Issuance Costs 667,065 Credit Enhancement Costs 364,000 --------- Total Issuance Costs from Proceeds 1,031,065 ========= Bond Issue C: Bond Issuance Costs 665,808 Credit Enhancement Costs - 0 - --------- Total Issuance Costs from Proceeds 665,808 ========= Schedule R, Part IV Siena College has beneficial interest in six charitable remainder trusts, however, the College is unable to calculate the share of end-of-year assets and percentage ownership because of limited information provided by third party trustees. Spring Properties Inc 515 Loudon Road Loudonville NY 12211 141706494 Rental NY NA C Corp 22867 216134 1.00000 Stell Dempf 72 CRAT #1 236 Westchester Dr South Delmar NY 12054 141338498 Investing NY NA Trust 0 Stell Dempf 74 CRAT #2 236 Westchester Dr South Delmar NY 12054 141338498 Investing NY NA Trust 0 Gino Whilma Turchi CRAT 1002 Ballston Lake Road Ballston Lake NY 12019 141338498 Investing NY NA Trust 0 Douglas & Margaret Colbeth Unitrust Naperville Naperville IL 60540 141338498 Investing IL NA Trust 0 Dean & Margaret Chandler CRAT 213 Corlear Road Keesville NY 12944 141338498 Investing NY NA Trust 0 Stephen Smatlak CRUT 1500 Atlantic Boulevard Apt 304 Key West FL 33040 141338498 Investing FL NA Trust 0 George T Maloney CRUT 515 Loudon Road Loudonville NY 12211 166455640 Investing NY NA Trust 0 83038 0.75000 false false false true true false false false false false false false false false false false false false Spring Properties Inc (due to Siena) D 77293 Spring Properties Inc (Due from Siena) E 165989