2024-05-10T07:43:35-05:00 2023-06-30 010523282 Berry Dunn McNeil & Parker LLC 1000 Elm Street 4th Floor Manchester NH 03101 990 2022-07-01 150533561 Hartwick College HART 6074314303 1 Hartwick Drive Oneonta NY 13820 Karen Zuill VP Finance/Assistant Treasurer 6074314303 2024-05-09 1 Karen Zuill 999009999 1 Melissa Magoon CPA P01712842 6036697337 2024-05-09 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z James Mullen 1 Hartwick Drive Oneonta NY 13820 96752404 0 X www.hartwick.edu X 1797 NY Hartwick College, an engaged community striving towards inclusion and equity while increasing diversity, integrates a liberal arts education with experiential learning to inspire curiosity, critical thinking, creativity, personal courage and an enduring passion for learning. 24 23 1065 234 583284 233255 9773662 5056649 68847210 68274096 8937261 6314504 30880 3231935 87589013 82877184 39230452 38552963 0 0 27394346 27590070 0 0 1654000 28339855 29148655 94964653 95291688 -7375640 -12414504 132159507 114215151 50177243 47486204 81982264 66728947 X Our purpose as a college of the liberal arts and sciences is to educate people who will thrive in and contribute to the world of the future; people who are prepared to meet the personal, intellectual, and social challenges of a rapidly changing and increasingly interdependent world. 0 0 55708599 38552963 54713470 Instruction and Research Instruction is provided to approximately 1,100 full-time students by 90 full-time faculty members. Student and faculty research is conducted as a supplement to academic programming. 12359450 Student Services Student services expenses include primarily the student life activities, intercollegiate athletics, the office of the registrar, the office of financial aid and the office of admissions. 10426612 12508935 Auxiliary Enterprises Auxiliary Enterprise expenses include expenditures associated with the residence halls, food service and health center operations. 11573212 1051691 Institutional Support Institutional support expenses encompass expenditures incurred in the general administration of the college.Academic Support Academic support expenses entail costs incurred in the operation of campus-based services which enhance the academic environment.Public Service Public services expenses encompass those costs related to programs sponsored by the College, primarily for the benefit of residents of the local community and surrounding area. 11573212 1051691 90067873 1 1 0 1 0 0 0 0 0 1 1 0 0 1 1 0 1 0 1 0 0 0 0 0 1 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 1530 0 1 1065 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 24 23 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 X Karen Zuill 6074314303 1 Hartwick Drive Oneonta NY 13820 Margaret Drugovich Past President 40.00 X X 1088935 0 53093 Darren Reisberg President 40.00 X X 199923 0 19037 David Long Chairman 1.00 X X 0 0 0 Kathleen Fallon Vice Chair 1.00 X X 0 0 0 Cathy Weeks Treasurer 1.00 X X 0 0 0 Colleen Connery Secretary 1.00 X X 0 0 0 George Allen Trustee 1.00 X 0 0 0 Steve Bloom Trustee 1.00 X 0 0 0 Edward Droesch Trustee 1.00 X 0 0 0 Cyrus Mehri Trustee 1.00 X 0 0 0 Steve Epstein Trustee 1.00 X 0 0 0 Randy McCullough Trustee 1.00 X 0 0 0 Brianna Mckenzie Trustee 1.00 X 0 0 0 Joel Patterson Trustee 1.00 X 0 0 0 Sally Herbert Trustee 1.00 X 0 0 0 Annie Chorbajian Trustee 1.00 X 0 0 0 Georgette Smith Trustee 1.00 X 0 0 0 Larry Miller Trustee 1.00 X 0 0 0 Mary Pat Lindsley Trustee 1.00 X 0 0 0 Neal Miller Trustee 1.00 X 0 0 0 Maria Vezina Trustee 1.00 X 0 0 0 Susan Warner Trustee 1.00 X 0 0 0 Michael Finnerty Trustee 1.00 X 0 0 0 Marina Regelman Trustee 1.00 X 0 0 0 Santo Russo Trustee 1.00 X 0 0 0 Karen Zuill VP Finance/Assistant Treasurer 40.00 X 170852 0 67820 Lisa Corbett Assistant Secretary 40.00 X 77183 0 8525 Karen McGrath Senior VP - Enrollment & Student Exp 40.00 X 213447 0 17982 Gail Glover VP for Strategic Communication 40.00 X 128493 0 18123 Suzanne Janitz VP for Human Resources 40.00 X 135915 0 9467 Laurel Bongiorno VP for Academic Affairs and Provost 40.00 X 124650 0 15371 Pauline Stamp Associate Professor of Business Administration 40.00 X 124197 0 12295 Timothy Ecklund AVP for Student Success 40.00 X 120655 0 8407 Paula Lee Hobson Former VP for College Advancement 40.00 X 101155 0 20463 2485405 0 250583 21 1 1 0 Aramark Facilities Services Aramark Dallas Lockbox Dallas TX 75397 Facilities Maintenance 4588060 Aramark Dining Services PO Box 978839 Dallas TX 75397 Dining 987239 Ologie LLC 447 East Main Street Columbus OH 43215 Marketing 877132 EAB Global Inc PO Box 603519 Charlotte NC 28260 Student Recruiting 816060 Ellucian Company LLC 2003 Edmund Halley Drive Reston VA 20191 Tech Software/Support 487068 14 19467 990230 4046952 674494 5056649 Tuition and Fees 611710 54713470 54713470 Room and Board 611710 12229486 12229486 Other Revenue 611710 1051691 717712 333979 Auxiliary Services 611710 279449 279449 68274096 1988836 230493 1758343 4985 4985 108276 36452 71824 71824 18812 53012 18155703 13830035 4325668 4325668 4325668 23859 19467 8733 15126 15126 Sale of IP Addresses 900099 3140000 3140000 3140000 82877184 67940117 583284 9297134 38552963 38552963 1916797 1916797 20562231 18800896 854156 907179 935857 855059 39183 41615 2643268 2414671 111058 117539 1531917 1399658 64139 68120 63913 63913 74500 74500 24000 24000 80921 80921 847803 632376 90102 125325 1554239 1542679 2200 9360 697747 585293 14280 98174 1928000 1862970 6226 58804 2388616 2355680 25810 7126 1049975 973268 31244 45463 55472 51523 3949 1669292 1669292 4463500 4463500 973768 973768 Contract Facilities 4692516 4692516 Contract Food Service 3632579 3632579 Academic/Student Servic 3228434 3202503 25931 Miscellaneous Expense 1723380 1406679 167337 149364 95291688 90067873 3569815 1654000 2215180 453568 2436896 3764487 3066614 2290165 1400837 1561011 1267054 1050491 211582 209295 1062215 1175951 156533654 121206001 37734357 35327653 65111100 50213350 1031463 730905 16622209 17438275 132159507 114215151 5884326 4690941 1019270 875688 36612484 35721858 120841 118223 6540322 6079494 50177243 47486204 X -3395932 -7056994 85378196 73785941 81982264 66728947 132159507 114215151 X -12414504 -3654879 816066 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 24000 24000 95267688 95291688 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 24000 24000 250000 250000 250000 250000 1000000 1500000 65102362 444729 1700282 4352755 12682790 50211828 77345328 1257110 -2153837 4210158 7136081 65102362 69576602 1653434 19418516 6949111 6245527 108586 77345328 76792235 742177 -1304127 3533680 3010172 109831 69576602 77304468 945042 6065775 3998062 3405757 119231 76792235 0.02455 0.66018 0.31527 1 0 614573 614573 103903225 75171621 28731604 29582020 27965267 1616753 22433836 18069113 4364723 35327653 Interest in Split-Interest Agreements 17438275 17438275 Conditional Asset Retirment Obligation 4019588 Federal Student Loan Funds 1348204 Lease Obligations 711702 6079494 41449671 -3654879 861250 -2793629 44243300 80921 38552963 38633884 82877184 56702988 45184 45184 56657804 80921 38552963 38633884 95291688 Part V, Line 4: To fulfill the purpose designated by the donor to support college operations and activities such as scholarships, research, museum, academics and plant improvements. Part XI, Line 2d - Other Adjustments: Rental Expenses 36,451. Fundraising Expenses 8,733. Change in Value of Split Interest Agreements 816,066. Part XI, Line 4b - Other Adjustments: Scholarships/Aid 38,552,963. Part XII, Line 2d - Other Adjustments: Rental Expenses 36,451. Fundraising Expenses 8,733. Part XII, Line 4b - Other Adjustments: Scholarships/Aid 38,552,963. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 Statement of non-discrimination is published on the application for admission. Schedule E, Part I, Line 6 Hartwick College recieves various government grants. Among them are: SEOG and Pell Grants Federal Work Study Grants Golf Tournament 43326 19467 23859 1405 4385 2478 465 43326 19467 23859 1405 4385 2478 465 8733 15126 1 Academic Merit Scholarships 207 1288155 Hartwick College Grant In Aid 864 37204886 Match of SEOG Grants 208 59922 Part I, Line 2: The Office of Financial Aid awards grants to students that are applied to the student's account. Grants are awarded based on need or merit. X X X 1 1 X X X X X 1 0 0 0 0 0 0 0 0 Margaret Drugovich Past President 338653 0 0 0 750282 0 21350 0 31743 0 1142028 0 0 0 Karen Zuill VP Finance/Assistant Treasurer 170852 0 0 0 0 0 12961 0 54859 0 238672 0 0 0 Karen McGrath Senior VP - Enrollment & Student Exp 213447 0 0 0 0 0 15062 0 2920 0 231429 0 0 0 Darren Reisberg President 164923 0 0 0 35000 0 0 0 19037 0 218960 0 0 0 Paula Lee Hobson Former VP for College Advancement 101155 0 0 0 0 0 7919 0 12544 0 121618 0 0 0 Part I, Line 1a The College provides a residence for the President to entertain and conduct College business along with personal use. Social club dues are paid for the President. Housekeeping service was available to the President. Part I, Line 4a Margaret Drugovich, Past President, received severance pay of $749,675 during 2022. A Otsego Industrial Development Agency 263661593 689090AP3 2015-04-23 39585000 Refund Prior Issue, Building 0 0 0 A 4955000 39585000 14672500 987752 26654048 50037 2018 1 0 1 1 A 0 0 0 0 0 0 1 A 0 0 0 1 0 0 0 0 0 A 0 Date Rebate Computation Performed Issuer Name: Otsego Industrial Development Agency Date the Rebate Computation was Performed: 08/22/2023 X 13 674494 Fair Market Value 0 0 1 0 Form 990, Part VI, Section B, line 11b Form 990 was prepared by BerryDunn and reviewed by the AVP of Finance/Controller and VP for Finance & Operations/Assistant Treasurer. The complete Form 990 including required schedules with the exception of Schedule B was provided to all Board members and officers electronically. The Schedule B provided electronically was the public disclosure copy which excludes donor's names. Board members discussed any questions with the finance staff and the Audit and Compliance Committee passed a resolution to accept the 990 prior to filing. Form 990, Part VI, Section B, line 12c The Audit and Compliance Committee requires annual conflict of interest statements from all Board members and senior management. The chair of the Audit and Compliance Committee reviews all forms and reports back to the committee any findings of conflict. Potential conflicts are directed to the Audit and Compliance Committee. A dollar amount of $10,000 or greater is deemed a potential conflict. Any individuals with a conflict are required to recuse themselves from any discussion or voting that involves the related transaction. Form 990, Part VI, Section B, line 15 The compensation of the President is recommended by a Presidential Compensation Committee to the Executive Committee who review and approve the compensation. The Compensation Committee reviews the President's performance, hires a compensation consultant and uses the CUPA-HR compensation survey as a tool for comparable salaries. The Human Resource Advancement Committee independently reviews senior management compensation using CUPA salary comparatives of peer and aspirational private universities. Form 990, Part VI, Section C, line 19 The College's governing documents, conflict of interest policy and financial statements are available upon request or by inspection at the College President's office. Form 990, Part XI, line 9: Change in Value of Split-Interest Agreement 816,066.