2024-01-17T14:33:17-06:00 2022-08-31 366055558 GRANT THORNTON LLP 757 THIRD AVENUE 3RD FLOOR NEW YORK NY 100172013 990 2021-09-01 135604699 WAGNER COLLEGE WAGN 7184204264 ONE CAMPUS ROAD STATEN ISLAND NY 10301 JOHN CARRESCIA CFO & VP OF FINANCE 7184204264 2023-07-07 1 JOHN CARRESCIA XXX-XX-XXXX DANIEL ROMANO P00504182 2125990100 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z ANGELO ARAIMO ONE CAMPUS ROAD STATEN ISLAND NY 10301 143743657 0 X WWW.WAGNER.EDU X 1883 NY WAGNER COLLEGE PREPARES STUDENTS FOR LIFE, AS WELL AS FOR CAREERS, BY EMPHASIZING - SEE SCHEDULE O 24 23 1113 23 42000 0 11061072 10061218 99422896 100584184 5287788 4583663 529133 494571 116300889 115723636 42817353 44188212 0 0 39451356 39753765 0 0 2674941 27096808 33931567 109365517 117873544 6935372 -2149908 223315881 273891929 77619093 148219855 145696788 125672074 X WAGNER COLLEGE PREPARES STUDENTS FOR LIFE, AS WELL AS FOR CAREERS, BY EMPHASIZING SCHOLARSHIP, ACHIEVEMENT, LEADERSHIP, AND CITIZENSHIP. WAGNER COLLEGE OFFERS A COMPREHENSIVE EDUCATIONAL PROGRAM THAT IS ANCHORED IN THE LIBERAL ARTS, EXPERIENTIAL AND (SEE SCHEDULE O) (CONTINUATION) CURRICULAR LEARNING, INTERCULTURALISM, INTERDISCIPLINARY STUDIES, AND SERVICE TO SOCIETY, AND THAT IS CULTIVATED BY A FACULTY DEDICATED TO PROMOTING INDIVIDUAL EXPRESSION, REFLECTIVE PRACTICE, AND INTEGRATIVE LEARNING. 0 0 64432352 44188212 85333311 INSTRUCTION AND SCHOLARSHIPS/FELLOWSHIPS: WAGNER COLLEGE SERVES 1,957 STUDENTS (FALL 2021 SEMESTER). WAGNER OFFERS PROGRAMS IN HUMANITIES, PERFORMING AND VISUAL ARTS, PROFESSIONAL PROGRAMS, THE SCIENCES, SOCIAL SCIENCES AND INTERDISCIPLINARY PROGRAMS. THE COLLEGE GRANTS THE DEGREES OF BACHELOR OF ARTS, BACHELOR OF SCIENCE, BACHELOR OF SCIENCE IN EDUCATION, MASTER OF BUSINESS ADMINISTRATION, MASTER OF SCIENCE IN EDUCATION, MASTER OF SCIENCE IN ACCOUNTING, MASTER OF SCIENCE IN NURSING, MASTER OF SCIENCE IN MICROBIOLOGY, MASTER OF SCIENCE IN ADVANCED PHYSICIAN ASSISTANT, EXECUTIVE MASTER IN BUSINESS ADMINISTRATION, AND DOCTOR OF NURSING PRACTICE. SCHOLARSHIPS AND FELLOWSHIPS ARE AWARDED TO APPROXIMATELY 90% OF ALL FULL-TIME STUDENTS THROUGH THE COLLEGE'S FINANCIAL AID OFFICE. 22857330 0 867000 STUDENT SERVICES AND ACADEMIC SUPPORT: STUDENT SERVICES FOR 1,957 STUDENTS INCLUDE DEAN OF STUDENTS, ACADEMIC ADVISEMENT, ADMISSIONS, CHAPLAIN, CAREER PLANNING, HEALTH SERVICES, FINANCIAL AID, ORIENTATION, REGISTRAR COUNSELING, STUDENT GOVERNMENT, STUDENT ACTIVITIES BOARD, CAMPUS LIFE, AND SECURITY, AS WELL AS ATHLETIC SERVICES CONSISTING OF 24 VARSITY SPORTS TEAMS FOR MEN AND WOMEN. ACADEMIC SUPPORT SERVICES FOR 1,957 STUDENTS INCLUDE ACADEMIC AFFAIRS, TECHNOLOGY SERVICES, LIBRARY, LANGUAGE LAB, MEDIA SERVICES, NURSING LAB, AND SPIRO COMPUTER LAB. 13148369 0 14383873 AUXILIARY SERVICES: WAGNER COLLEGE PROVIDES RESIDENCE AND DINING SERVICES TO APPROXIMATELY 80% OF FULL-TIME UNDERGRADUATE STUDENTS. 100438051 1 1 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 269 0 1 1113 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 24 23 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 1 1 0 X JOHN A CARRESCIA JR 7184204264 ONE CAMPUS ROAD STATEN ISLAND NY 10301 X ANGELO G ARAIMO PRESIDENT AND TRUSTEE 50.00 0.00 X X 247540 0 40602 JOAN NICOLAIS TRUSTEE AND CHAIR 1.00 0.00 X X 0 0 0 ANDREW F CORTESE TRUSTEE AND VICE CHAIR 1.00 0.00 X X 0 0 0 MARY CARACAPPA-HURTADO TRUSTEE AND TREASURER 1.00 0.00 X X 0 0 0 ALEX FOX TRUSTEE AND SECRETARY 1.00 0.00 X X 0 0 0 ROBERT COMERFORD TRUSTEE 1.00 0.00 X 0 0 0 LISA DERESPINO BENNETT TRUSTEE 1.00 0.00 X 0 0 0 ALETTA DIAMOND TRUSTEE 1.00 0.00 X 0 0 0 PAUL EGENSTEINER TRUSTEE 1.00 0.00 X 0 0 0 JEFFREY FORCHELLI TRUSTEE 1.00 0.00 X 0 0 0 GRAHAM FOX TRUSTEE 1.00 0.00 X 0 0 0 JAY HARTIG AS OF 32022 TRUSTEE 1.00 0.00 X 0 0 0 ERIC D HOUSER TRUSTEE 1.00 0.00 X 0 0 0 THOMAS KENDRIS TRUSTEE 1.00 0.00 X 0 0 0 SEYMOUR LACHMAN TRUSTEE 1.00 0.00 X 0 0 0 MARC LEBOVITZ TRUSTEE 1.00 0.00 X 0 0 0 LORRAINE MCNEILL-POPPER TRUSTEE 1.00 0.00 X 0 0 0 DONNA MOLLICA-NEW TRUSTEE 1.00 0.00 X 0 0 0 RICHARD MORGAN TRUSTEE 1.00 0.00 X 0 0 0 WILLIAM RENSHAW TRUSTEE 1.00 0.00 X 0 0 0 MAUREEN ROBINSON TRUSTEE 1.00 0.00 X 0 0 0 ANITA SABATINO TRUSTEE 1.00 0.00 X 0 0 0 CAROLINA SILVA AS OF 52022 TRUSTEE (NON-VOTING) 1.00 0.00 X 0 0 0 KIMBERLY SPIRO TRUSTEE 1.00 0.00 X 0 0 0 NICK RICHARDSON THRU 52022 PROVOST & VP FOR ACAD. AFFAIRS 50.00 0.00 X 138013 0 14857 JOHN A CARRESCIA CFO & VP OF FINANCE 50.00 0.00 X 243127 0 42345 RUTA SHAH-GORDON VP INTERNAT. AND CAMPUS LIFE 50.00 0.00 X 167922 0 41098 JAZZMINE GLOVER-WILSON VP WORKPLACE CULTURE AND INCLUSION 50.00 0.00 X 151738 0 36534 DAVID J MARTIN DIRECTOR OF COLLEGE RELATIONS 50.00 0.00 X 159387 0 4360 WALTER C HAMELINE VP OF INTERCOLLEGIATE ATHLETICS 50.00 0.00 X 197896 0 57901 TARSHIA STANLEY AS OF 62022 PROVOST 50.00 0.00 X 0 0 0 JEFFREY KRAUS PROFESSOR 50.00 0.00 X 173158 0 5000 BASHIR B MASON THRU 42022 HEAD MEN'S BASKETBALL COACH 50.00 0.00 X 221670 0 6413 ROBERT RUGGIERO CHIEF ENGINEER 50.00 0.00 X 161951 0 34968 TRACY JACKSON PHYSICIAN ASSISTANT DEPARTMENT HEAD 50.00 0.00 X 146238 0 3988 PATRICIA TOOKER DEAN OF NURSING SCHOOL 50.00 0.00 X 139427 0 3531 JOEL W MARTIN FORMER PRESIDENT AND TRUSTEE 50.00 0.00 X 351862 0 41569 2499929 0 333166 35 1 1 0 CHARTWELLS PO BOX 91337 CHICAGO IL 60693 FOOD SERVICES 6436149 DNP BUILDERS 26 WEST 17TH STREET SUITE 803 NEW YORK NY 10011 CONSTRUCTION SERVICES 2572494 O&D BUILDERS 26 WEST 17TH STREET SUITE 803 NEW YORK NY 10011 CONSTRUCTION SERVICES 1630165 JENZABAR PO BOX 55018 BOSTON MA 02205 SOFTWARE/COMP SVCS 609906 VAN ALPHEN BROTHERS INC 874 RICHMOND ROAD STATEN ISLAND NY 10304 CONSTRUCTION SERVICES 561284 13 4024808 6036410 310419 10061218 TUITION AND FEES 611600 85322969 85322969 AUXILIARY ENTERPRISES 611710 14383873 14343873 40000 ATHLETICS GUARANTEED PROCEEDS 611710 867000 867000 THEATER 611600 10342 10342 100584184 2912195 2912195 100000 0 100000 100000 100000 29691489 28020021 1671468 1671468 1671468 FINES AND FEES 900099 113613 113613 280958 2000 278958 394571 115723636 100544184 42000 5076234 44188212 44188212 1350013 378105 971908 26263531 19697648 5252706 1313177 1635499 1226624 327100 81775 8503461 6377596 1700692 425173 2001261 1500946 400252 100063 331382 331382 220352 220352 372916 372916 1059624 794718 211925 52981 101662 76247 20332 5083 9523908 9523908 1536744 1152558 307349 76837 4710763 3533072 942153 235538 1798158 1348619 359632 89907 219534 164650 43907 10977 1408572 1408572 4261373 3196030 852275 213068 1259423 503769 755654 DINING 5719925 5719925 SUBSCRIPTIONS 518126 388595 103625 25906 HOSPITALITY 456772 342579 91354 22839 MEMBERSHIPS 291341 218506 58268 14567 140992 105744 28198 7050 117873544 100438051 14760552 2674941 0 0 29154989 21965486 315597 349851 4111212 3784139 0 0 0 0 1780912 1377340 63434 63394 1265266 1465685 168774460 100373390 63578351 68401070 107033790 91637755 11060155 11214741 0 0 0 0 4952175 73632468 223315881 273891929 3487825 4125592 0 0 17468651 17715344 40958935 115912515 0 0 7824165 2496053 0 0 7879517 7970351 77619093 148219855 X 36984009 31307131 108712779 94364943 145696788 125672074 223315881 273891929 X -2149908 -17211499 44 -663351 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 111707870 2666613 -13006634 564893 4287615 96515341 93488271 6377192 16512788 587298 4083083 111707870 88536167 1091089 8140128 507509 3771604 93488271 86755162 4418115 1545445 432217 3750338 88536167 83035526 1650371 5851751 410987 3371499 86755162 0.24300 0.64900 0.10800 0 0 4393475 4393475 132287322 76878618 55408704 25203109 19270175 5932934 6890554 4224597 2665957 68401070 AMOUNTS HELD BY BOND TRUSTEES 73087829 RIGHT OF USE ASSETS FOR OPERATING LEASES 544639 73632468 ASSET RETIREMENT OBLIGATIONS 3584080 CAPITAL LEASE OBLIGATION 2404643 REFUNDABLE FEDERAL GRANTS 1724005 AMOUNTS HELD FOR OTHERS 187269 STUDENT DEPOSITS 36939 POSTRETIREMENT BENEFIT 33415 7970351 X 53856594 -17211499 -1944881 -19156380 73012974 372916 42337746 42710662 115723636 73881308 -1281574 -1281574 75162882 372916 42337746 42710662 117873544 PART V, LINE 4: ENDOWMENT FUNDS WAGNER COLLEGE MAINTAINS AN ENDOWMENT FUND FOR ALL CONTRIBUTIONS TO THE COLLEGE THAT ARE PERMANENTLY RESTRICTED BY THE DONOR. PERMANENTLY RESTRICTED CONTRIBUTIONS ARE ALL GIFTS GIVEN TO THE COLLEGE FOR WHICH THE DONOR INSTRUCTS THE COLLEGE NEVER TO SPEND THE ORIGINAL GIFT. OFTEN, WHEN CONTRIBUTORS GIVE PERMANENTLY RESTRICTED GIFTS TO THE COLLEGE, THEY WILL ALLOW THE INCOME EARNED ON THE FUNDS TO BE USED FOR VARIOUS PURPOSES. SUCH INCOME IS CLASSIFIED AS TEMPORARILY RESTRICTED ENDOWMENT NET ASSETS; THESE ASSETS ARE PRINCIPALLY USED FOR PLANT PROJECTS, LAND IMPROVEMENTS, AND VARIOUS PROGRAM SUPPORT. SOME OF THESE ASSETS MAY ALSO BE USED FOR SCHOLARSHIPS IF SO DIRECTED BY THE DONOR. OTHER TEMPORARILY RESTRICTED NET ASSETS MAY ALSO BE TIME RESTRICTED. THE COLLEGE'S ENDOWMENT CONSISTS OF APPROXIMATELY 245 INDIVIDUAL DONOR-RESTRICTED FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES. THE COLLEGE HAS AN ENDOWMENT SPENDING POLICY FOR ENDOWMENT FUNDS THAT DO NOT HAVE A SPENDING POLICY PRESCRIBED IN THE GIFT DOCUMENT. THE COLLEGE'S ENDOWMENT TOTALS $96,515,341 AS OF AUGUST 31, 2022, OF WHICH $62,608,770 IS CLASSIFIED AS PERMANENTLY RESTRICTED NET ASSETS, $10,462,080 IS CLASSIFIED AS TEMPORARILY RESTRICTED NET ASSETS, AND $23,444,491 IS CLASSIFIED AS UNRESTRICTED NET ASSETS. THE UNRESTRICTED ENDOWMENT NET ASSETS REPRESENT BOARD-DESIGNATED ENDOWMENT FUNDS. PART X, LINE 2: ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES THE COLLEGE HAS BEEN CLASSIFIED AS A SECTION 501(C)(3) ORGANIZATION AND IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(A) OF THE INTERNAL REVENUE CODE AND SIMILAR PROVISIONS UNDER NEW YORK STATE TAX LAWS. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN REFLECTED IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE COLLEGE FOLLOWS GUIDANCE THAT CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN, INCLUDING ISSUES RELATING TO FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT. THIS STANDARD REQUIRES THAT A TAX POSITION BE RECOGNIZED OR DERECOGNIZED BASED ON A "MORE LIKELY THAN NOT" THRESHOLD AND APPLIES TO POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. DURING THE YEARS ENDED AUGUST 31, 2022 AND 2021, THE COLLEGE EVALUATED ITS TAX POSITIONS AND CONCLUDED THAT IT DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT MEET THE CRITERIA UNDER THE STANDARD. THE TAX YEARS ENDING AUGUST 2020, 2021, AND 2022 ARE STILL OPEN TO AUDIT FOR BOTH FEDERAL AND STATE PURPOSES. THE COLLEGE HAS PROCESSES PRESENTLY IN PLACE TO ENSURE THE MAINTENANCE OF ITS TAX-EXEMPT STATUS; TO IDENTIFY AND REPORT UNRELATED INCOME; TO DETERMINE ITS FILING AND TAX OBLIGATIONS IN JURISDICTIONS FOR WHICH IT HAS NEXUS; AND, TO IDENTIFY AND EVALUATE OTHER MATTERS THAT MAY BE CONSIDERED TAX POSITIONS. PART XI, LINE 2D $1,944,881 IS A ONE TIME LOSS ON DEFEASANCE OF LONG-TERM DEBT FOR THE FISCAL YEAR. PART XI, LINE 4B $42,337,746 REPRESENTS TOTAL SCHOLARSHIPS AND FELLOWSHIPS FOR THE FISCAL YEAR. PART XII, LINE 2D $1,281,574 IS A ONE TIME WRITE OFF THE BOND ISSUANCE COSTS OF PRIOR DEBT. PART XII, LINE 4B $42,337,746 REPRESENTS TOTAL SCHOLARSHIPS AND FELLOWSHIPS FOR THE FISCAL YEAR. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 SEE SUPPLEMENTAL PAGE PART I, LINE 3 THE FOLLOWING POLICY APPEARS IN THE ADMISSIONS SECTION OF THE WAGNER COLLEGE BULLETIN - "WAGNER COLLEGE ADMITS STUDENTS OF ANY RACE, AGE, SEX, RELIGION, OR ETHNIC AND NATIONAL ORIGIN." PART I, LINE 6A THE COLLEGE RECEIVES GRANTS FROM GOVERNMENT AGENCIES TO SUPPORT ITS OPERATIONS AND THE EDUCATIONAL PROGRAMS OF THE ORGANIZATION. 1 SCHOLARSHIPS & FELLOWSHIPS 1571 0 42337746 FMV TUITION CREDIT HEERF GRANTS 1567 1850466 0 FMV PART I, LINE 2: WAGNER COLLEGE MONITORS THE USE OF SCHOLARSHIP FUNDS IN THE UNITED STATES BY ENSURING THAT ALL STUDENTS WHO RECEIVE SCHOLARSHIP MONIES ARE ALWAYS REGISTERED AS STUDENTS OF THE COLLEGE. MANY DEPARTMENTS WITHIN THE COLLEGE WORK IN CONJUNCTION TO ENSURE THAT SCHOLARSHIP FUNDS ARE MONITORED EFFICIENTLY AND EFFECTIVELY. THE ADMISSIONS OFFICE REVIEWS ALL STUDENT APPLICATIONS AND DETERMINES WHO IS ELIGIBLE TO RECEIVE SCHOLARSHIPS. THE FINANCE AND BUSINESS OFFICE DRAWS DOWN FUNDS FOR SCHOLARSHIPS AND GRANTS. THE FINANCIAL AID OFFICE AWARDS SCHOLARSHIPS AND GRANTS TO STUDENTS, AND THE REGISTRAR'S OFFICE MONITORS AND MAINTAINS ALL RECORDS REGARDING THE REGISTERED STATUS OF STUDENTS. PART III, LINE 1, COLUMN B WAGNER COLLEGE ESTIMATES THAT APPROXIMATELY 90% OF ALL FULL-TIME STUDENTS RECEIVE SOME SORT OF FINANCIAL ASSISTANCE FROM THE COLLEGE. THEREFORE, THE NUMBER OF RECIPIENTS OF GRANTS AND OTHER ASSISTANCE BY WAGNER COLLEGE IS ESTIMATED BY TAKING 90% OF THE TOTAL FTE ENROLLMENT FOR THE FALL 2021 SEMESTER (1,745), RESULTING IN APPROXIMATELY 1,571 RECIPIENTS. PART III, LINE 2, COLUMN B WAGNER COLLEGE AWARDED THOSE STUDENTS WHO DID NOT PREVIOUSLY RECEIVE HEERF GRANT MONIES IN THE PREVIOUS FISCAL YEAR. REMAINING HEERF FUNDS FOR THE FISCAL YEAR WERE AWARDED TO THOSE STUDENTS BASED ON PELL EHGIBILILY. THE NUMBER OF RECIPIENTS OF THE GRANT FOR THE FISCAL YEAR WAS 1,567. X X 1 1 X X X X 0 0 0 0 0 0 0 0 0 JOEL W MARTIN FORMER PRESIDENT AND TRUSTEE 336972 0 0 0 14890 0 9238 0 32331 0 393431 0 0 0 ANGELO G ARAIMO PRESIDENT AND TRUSTEE 242626 0 0 0 4914 0 7557 0 33045 0 288142 0 0 0 JOHN A CARRESCIA CFO & VP OF FINANCE 238544 0 0 0 4583 0 7500 0 34845 0 285472 0 0 0 WALTER C HAMELINE VP OF INTERCOLLEGIATE ATHLETICS 187657 0 0 0 10239 0 5110 0 52791 0 255797 0 0 0 BASHIR B MASON THRU 42022 HEAD MEN'S BASKETBALL COACH 218758 0 0 0 2912 0 6413 0 0 0 228083 0 0 0 RUTA SHAH-GORDON VP INTERNAT. AND CAMPUS LIFE 164344 0 0 0 3578 0 5303 0 35795 0 209020 0 0 0 ROBERT RUGGIERO CHIEF ENGINEER 161951 0 0 0 0 0 9110 0 25858 0 196919 0 0 0 JAZZMINE GLOVER-WILSON VP WORKPLACE CULTURE AND INCLUSION 148230 0 0 0 3508 0 4800 0 31734 0 188272 0 0 0 JEFFREY KRAUS PROFESSOR 170914 0 0 0 2244 0 5000 0 0 0 178158 0 0 0 DAVID J MARTIN DIRECTOR OF COLLEGE RELATIONS 154841 0 0 0 4546 0 4360 0 0 0 163747 0 0 0 NICK RICHARDSON THRU 52022 PROVOST & VP FOR ACAD. AFFAIRS 137426 0 0 0 587 0 4220 0 10637 0 152870 0 0 0 TRACY JACKSON PHYSICIAN ASSISTANT DEPARTMENT HEAD 145000 0 0 0 1238 0 3988 0 0 0 150226 0 0 0 PART I, LINE 1A WAGNER COLLEGE PROVIDED HOUSING ON ITS BUSINESS PREMISES FOR JOEL MARTIN (FORMER PRESIDENT). THE PRESIDENT IS REQUIRED TO ACCEPT HOUSING AS A CONDITION OF HIS EMPLOYMENT AT THE COLLEGE. THE COLLEGE DEEMS IT NECESSARY FOR THIS INDIVIDUAL TO BE AVAILABLE ALL HOURS OF THE DAY AND NIGHT TO ATTEND ANY URGENT SITUATIONS THAT COULD ARISE AFTER NORMAL BUSINESS HOURS. THE ROLE OF PRESIDENT IS CHARGED WITH DUTIES OF SECURITY AND STUDENT WELFARE, SUCH AS CAMPUS HOUSING ISSUES, POWER OUTAGES, INCLEMENT WEATHER ISSUES, AND OTHER EMERGENCY SITUATIONS. THIS BENEFIT WAS NOT TREATED AS TAXABLE COMPENSATION TO THE EMPLOYEE. THE APPROXIMATE NON-TAXABLE VALUE OF THE HOUSING PROVIDED TO JOEL MARTIN WAS $12,405. WAGNER COLLEGE ALSO PROVIDED SOCIAL CLUB DUES FOR JOEL MARTIN, AS WELL AS FOR WALTER HAMELINE-DIRECTOR OF ATHLETICS. THESE MEMBERSHIPS ARE FOR BUSINESS PURPOSES ONLY, SPECIFICALLY DONOR DEVELOPMENT AND COLLEGE-RELATED BUSINESS MEETINGS. PART I, LINE 3 WAGNER COLLEGE'S EXECUTIVE COMMITTEE, WHICH IS COMPRISED OF INDEPENDENT MEMBERS OF THE BOARD OF TRUSTEES, DETERMINES THE COMPENSATION OF THE COLLEGE'S PRESIDENT. BOTH THE EXECUTIVE COMMITTEE AND THE BOARD MUST REVIEW AND APPROVE COMPENSATION. COMPENSATION IS DETERMINED THROUGH REVIEW OF THE FORM 990 OF OTHER COMPARABLE LIKE-SIZE ORGANIZATIONS. THE EXECUTIVE COMMITTEE ALSO REFERS TO COMPARABLES AND SALARY SURVEYS, MAINLY CUPA, TO DETERMINE THE REASONABLENESS OF THE PROPOSED COMPENSATION AMOUNT. ANY COMPENSATION DETERMINATIONS OF THE EXECUTIVE COMMITTEE ARE RECORDED CONTEMPORANEOUSLY IN THE MINUTES OF THE COMMITTEE. PART II COLUMN B (BREAKDOWN OF W-2 COMPENSATION) INCLUDES EACH EMPLOYEE'S BASE COMPENSATION IN COLUMN B(I). COLUMN B(III) INCLUDES AMOUNTS FOR TAXABLE GROUP TERM LIFE INSURANCE. COLUMN C (RETIREMENT AND OTHER DEFERRED COMPENSATION) INCLUDES EMPLOYER CONTRIBUTIONS TO RETIREMENT PLANS FOR ALL INDIVIDUALS LISTED. COLUMN D (NONTAXABLE BENEFITS) IS COMPRISED OF A VARIETY OF BENEFITS, INCLUDING EMPLOYER CONTRIBUTIONS TO EMPLOYEE HEALTH PLANS, FLEXIBLE SPENDING ACCOUNT PLAN CONTRIBUTIONS, AND SOCIAL CLUB DUES. ALSO INCLUDED IN THIS TOTAL AS A CONDITION OF EMPLOYMENT, IS THE VALUE OF THE HOUSING PROVIDED BY THE COLLEGE TO THE FORMER PRESIDENT, JOEL MARTIN, AS WELL AS THE COSTS OF HIS ORDINARY HOME UTILITIES (ELECTRIC, GAS, WATER, AND CABLE). A DORMITORY AUTHORITY OF THE STATE OF NEW YORK 146000293 6499037Q8 2009-01-28 30500000 FINANCE NEW DORMITORY 0 0 0 B BUILD NYC RESOURCE CORPORATION 454040561 12008EAUO 2012-09-25 13940443 FINANCE BUILDING RENOVATIONS 1 0 0 C DORMITORY AUTHORITY OF THE STATE OF NEW YORK 146000293 65000BMZ8 2022-04-21 116573065 FINANCE BUILDING RENOVATIONS 0 0 0 A 30500000 1085576 415922 488637 28139152 370713 2010 0 0 1 1 B 1944881 13940443 1270500 271309 12356021 42613 2015 0 0 1 1 C 116573065 7104250 1167310 78141955 38431110 1 0 0 1 A 0 0 1 1 0 0.00140 0.00140 0 0 1 B 0 1 1 1 0 0.00300 0.00300 0 0 1 C 0 1 1 1 0 0.00300 0.00300 0 0 1 A 0 1 0 0 0 0 0 0 1 B 0 0 0 0 0 0 0 0 1 C 0 1 0 0 0 0 0 0 1 A 1 B 1 C 1 SCHEDULE K, PART V THE COLLEGE ACTIVELY REVIEWS THE ACTIVITIES OF THE BOND-FINANCED FACILITIES TO DETERMINE PRIVATE USE AND IDENTIFY POSSIBLE ARBITRAGE AND OTHER POTENTIAL VIOLATIONS OF FEDERAL TAX LAW. THE COLLEGE WILL DISCUSS ANY POSSIBLE VIOLATIONS WITH BOND COUNSEL AND, IF NECESSARY, CORRECT VIOLATIONS THROUGH THE VOLUNTARY CLOSING AGREEMENT PROGRAM IF SELF-REMEDIATION IS NOT OTHERWISE AVAILABLE. X 17 310419 SELLING PRICE 0 0 0 PART I, LINE 9, COLUMN (B) THE AMOUNT REPORTED ON SCHEDULE M, PART I, LINE 9, COLUMN (B) REPRESENTS THE NUMBER OF CONTRIBUTIONS RECEIVED BY THE COLLEGE. FORM 990, PART I, LINE 1 (CONTINUATION) SCHOLARSHIPS, ACHIEVEMENT, LEADERSHIP AND CITIZENSHIP. WAGNER COLLEGE PREPARES STUDENTS FOR LIFE, AS WELL AS FOR CAREERS, BY EMPHASIZING SCHOLARSHIP, ACHIEVEMENT, LEADERSHIP, AND CITIZENSHIP. WAGNER COLLEGE OFFERS A COMPREHENSIVE EDUCATIONAL PROGRAM THAT IS ANCHORED IN THE LIBERAL ARTS, EXPERIENTIAL AND CURRICULAR LEARNING, INTERCULTURALISM, INTERDISCIPLINARY STUDIES, AND SERVICE TO SOCIETY, AND THAT IS CULTIVATED BY A FACULTY DEDICATED TO PROMOTING INDIVIDUAL EXPRESSION, REFLECTIVE PRACTICE, AND INTEGRATIVE LEARNING. FORM 990, PART VI, SECTION A, LINE 2 FAMILY RELATIONSHIP BOARD MEMBERS ALEX FOX AND GRAHAM FOX HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11B BOARD REVIEW OF FORM 990 WAGNER COLLEGE'S 990 IS PREPARED INTERNALLY BY THE COLLEGE'S FINANCE & BUSINESS OFFICE. WAGNER THEN SENDS A DRAFT OF THE RETURN TO AN INDEPENDENT TAX GROUP AT GRANT THORNTON LLP FOR REVIEW. THE 990 IS THEN BROUGHT TO THE AUDIT COMMITTEE FOR DISCUSSION, AND LASTLY IS PROVIDED TO THE BOARD OF TRUSTEES DURING A BOARD MEETING FOR REVIEW BEFORE THE 990 CAN BE FILED. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST POLICY WAGNER COLLEGE HAS A CONFLICT OF INTEREST POLICY IN PLACE, AND CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH SUCH POLICY. EACH YEAR, CONFLICT OF INTEREST STATEMENTS ARE SENT OUT TO ALL MEMBERS OF THE BOARD OF TRUSTEES, WHO THEN MUST DISCLOSE ANY TRANSACTIONS WITH INTERESTED PARTIES. IF THERE ARE ANY SUCH TRANSACTIONS, THE COLLEGE WOULD ENSURE THAT THE TRANSACTION IS ARMS-LENGTH. TO DATE, THERE HAVE BEEN NO NON-ARMS LENGTH RELATIONSHIPS NOTED. PART VI, SECTION B. POLICIES, LINE 14: DOCUMENT RETENTION AND DESTRUCTION POLICY WAGNER COLLEGE HAS A DOCUMENT RETENTION AND DESTRUCTION POLICY IN PLACE THAT IS FOLLOWED BY MANY OFFICES ON CAMPUS; HOWEVER, THE POLICY HAS NOT BEEN PUT IN FRONT OF THE BOARD OF TRUSTEES FOR APPROVAL AS OF YET. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION REVIEW WAGNER COLLEGE'S EXECUTIVE COMMITTEE, WHICH IS COMPRISED OF INDEPENDENT MEMBERS OF THE BOARD OF TRUSTEES, DETERMINES THE COMPENSATION OF THE COLLEGE'S PRESIDENT, AND REVIEWS AND APPROVES THE COMPENSATION OF ALL SENIOR OFFICERS. BOTH THE EXECUTIVE COMMITTEE AND THE BOARD MUST REVIEW AND APPROVE COMPENSATION. COMPENSATION IS DETERMINED THROUGH REVIEW OF THE FORM 990 OF OTHER COMPARABLE AND LIKE-SIZE ORGANIZATIONS. THE EXECUTIVE COMMITTEE ALSO REFERS TO COMPARABLES AND SALARY SURVEYS, MAINLY CUPA, ON AN ANNUAL BASIS TO DETERMINE THE REASONABLENESS OF PROPOSED COMPENSATION AMOUNTS. ANY COMPENSATION DETERMINATIONS OF THE EXECUTIVE COMMITTEE ARE RECORDED CONTEMPORANEOUSLY IN THE MINUTES OF THE COMMITTEE. FORM 990, PART VI, SECTION C, LINE 19 PUBLIC DISCLOSURE WAGNER COLLEGE MAKES ITS FINANCIAL STATEMENTS AND ITS FORM 990 AVAILABLE TO THE PUBLIC UPON REQUEST. THE COLLEGE ALSO PROVIDES A LINK TO THE ANNUAL REPORT ON THE COLLEGE WEBSITE (WWW.WAGNER.EDU), WHICH INCLUDES THE BALANCE SHEET AND OTHER FINANCIAL INFORMATION. COVID-19 NARRATIVE ON JANUARY 30, 2020, THE WORLD HEALTH ORGANIZATION DECLARED THE OUTBREAK OF THE CORONAVIRUS DISEASE 2019 ("COVID-19") A GLOBAL HEALTH EMERGENCY AND SUBSEQUENTLY DECLARED THE COVID-19 OUTBREAK A GLOBAL PANDEMIC IN MARCH 2020. THE PANDEMIC HAS ADVERSELY AFFECTED DOMESTIC AND GLOBAL ACTIVITY, AND THE FULL IMPACT CONTINUES TO EVOLVE AS OF THE DATE OF THIS REPORT. IN REACTION TO THE OUTBREAK, FEDERAL, STATE, AND LOCAL GOVERNMENTS HAVE ISSUED MANDATES THAT HAVE DISRUPTED BUSINESSES AND RESULTED IN AN OVERALL DECLINE IN ECONOMIC ACTIVITY. THE COLLEGE HAS CONTINUED TO BE AFFECTED BY THE COVID-19 PANDEMIC DURING THE FISCAL YEAR ENDED AUGUST 31, 2022 AND 2021. THE COLLEGE EXPERIENCED REDUCTIONS IN STUDENT ENROLLMENT FOR THE FALL 2020 SEMESTER, RESULTING FROM THE GOVERNMENTAL MANDATES TO CONTROL THE SPREAD OF THE VIRUS DURING THAT TIME PERIOD. DURING FISCAL YEARS ENDED AUGUST 31, 2022 AND 2021, THE FEDERAL GOVERNMENT PROVIDED HIGHER EDUCATION INSTITUTIONS WITH HIGHER EDUCATION EMERGENCY RELIEF FUNDING ("HEERF"), WHICH WAS ALLOCATED UNDER VARIOUS ACTS OF CONGRESS. THE CORONAVIRUS AID, RELIEF, AND ECONOMIC SECURITIES ACT WAS SIGNED INTO LAW ON MARCH 27, 2020 AND PROVIDED THE COLLEGE WITH TOTAL FUNDING OF $1,488,258 UNDER HEERF I. THE CORONAVIRUS RESPONSE AND RELIEF SUPPLEMENTAL APPROPRIATIONS ACT WAS SIGNED INTO LAW ON DECEMBER 27, 2020 AND PROVIDED THE COLLEGE WITH TOTAL FUNDING OF $2,079,614 UNDER HEERF II. THE AMERICAN RESCUE PLAN ("ARP") WAS SIGNED INTO LAW ON MARCH 11, 2021 AND PROVIDED THE COLLEGE WITH TOTAL FUNDING OF $3,700,933 UNDER HEERF III. EACH OF THESE AWARDS HAS A STUDENT AID PORTION AND AN INSTITUTIONAL PORTION. THE DEPARTMENT OF EDUCATION PROVIDED REQUIRED USES OF THE FUNDS FOR BOTH THE STUDENT PORTION AND INSTITUTIONAL PORTION AND UNTIL THE CONDITIONS ASSOCIATED WITH THOSE REQUIREMENTS ARE SATISFIED, REVENUE CANNOT BE RECOGNIZED, IN ACCORDANCE WITH ASU 2018-08. FORM 990, PART XI, LINE 9: ONE - TIME LOSS ON DEFEASANCE OF LONG-TERM DEBT -663,351.