2025-04-10T05:40:29-07:00 2024-05-31 743118183 Drescher & Malecki LLP 2721 Transit Rd Suite 111 Elma NY 14059 990 2023-06-01 160759798 DAEMEN UNIVERSITY DAEM 7168398218 4380 Main Street Amherst NY 142263592 Timothy Balkin Vice President of Business Affairs 7168398218 2025-04-07 1 1 Matthew Montalbo P01858118 7165652299 2025-04-07 2023 2025-03-06 01:10:19Z Timothy Balkin 4380 Main Street Amherst NY 14226 123570857 0 X www.daemen.edu X 1947 NY Education - Private, Independent University. The mission of Daemen University is to prepare creative, ethically-minded leaders for a diverse and interconnected world by integrating the intellectual strengths acquired through the liberal arts with the preparation necessary for professional excellence to make meaningful contributions to society. 26 24 1311 57 497146 9342 6742385 6254935 75550895 80159532 791712 3241759 3678356 3470904 86763348 93127130 27703327 31762756 0 0 36298129 36263940 0 0 573684 22605488 24737596 86606944 92764292 156404 362838 81683749 84222864 33609872 34895410 48073877 49327454 Private, independent university providing higher education to students. The mission of Daemen University is to prepare creative, ethically-minded leaders for a diverse and interconnected world by integrating the intellectual strengths acquired through the liberal arts with the preparation necessary for professional excellence to make meaningful contributions to society. 0 0 85268768 31762756 83101025 Private, independent university providing higher education to students. The mission of Daemen University is to prepare creative, ethically-minded leaders for a diverse and interconnected world by integrating the intellectual strengths acquired through the liberal arts with the preparation necessary for professional excellence to make meaningful contributions to society. 0 0 0 85268768 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 0 1 0 1 0 1 0 1 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 1 1 0 0 0 1 245 0 1 1311 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 26 24 0 0 0 0 0 0 0 1 1 0 1 1 0 1 1 1 1 1 1 1 1 0 X Timothy Balkin 7168398218 4380 Main Street Amherst NY 142263592 Dr Gary A Olson President 40 0 X 516535 0 40934 Gerald Kugel Dean 40 0 X 234405 0 14567 Melaine Kenyon VP of Information Technology 40 0 X 131097 0 67409 Dr Michael Brogan Executive Vice President for Academic Affairs and Provost 40 X 176410 0 21088 Thomas Wojciechowski Executive Director of Web Communications 40 0 X 100074 0 74844 Gregory Ford Professor 40 0 X 112820 0 60638 Karl Terryberry Professor 40 0 X 117929 0 55236 Dr Gregory J Nayor VP of Strategic Initiatives 40 0 X X 147313 0 24389 Robert Rood VP of Business Affairs 40 0 X 149186 0 12467 Michael S MacDonald Men's Basketball Coach 40 0 X 97998 0 61181 Mimi Steadman Vice President for Strategic Initiatives 40 0 X 105935 0 25474 Mario Hicks VP of Institutional Advancement 40 0 X 121500 0 369 Kerry Spicer Vice Pres. for Student Affairs & Dean of Students 40 0 X 91862 0 26706 Brenda Young Trustee 40 0 X 102926 0 13895 Lisa A Arida AVP of Business Affairs & Cont. 40 0 X X 95216 0 17546 Rebecca J McCormick-Boyle Trustee 0.40 0 X 0 0 0 JoEtte Zaccagnino trustee 0.40 0 X 0 0 0 John Yurtchuk Chair 0.80 0 X 0 0 0 Paul Saffrin Vice Chair 0.80 0 X 0 0 0 Lana Benatovich Secretary Treasurer 0.80 0 X 0 0 0 Scott Bieler Trustee 0.40 0 X 0 0 0 Mark Chason Trustee 0.40 0 X 0 0 0 Peter Eimer Trustee 0.40 0 X 0 0 0 Dorothy Ferguson Trustee 0.40 0 X 0 0 0 Scott Friedman Trustee 0.40 0 X 0 0 0 Terrence Gilbride Trustee 0.40 0 X 0 0 0 Robert Gioia Trustee 0.40 0 X 0 0 0 Jo-Ann Grabowski Trustee 0.40 0 X 0 0 0 Alan Gracie Trustee 0.40 0 X 0 0 0 Johnathan Graves Trustee 0.40 0 X 0 0 0 Jennifer Gurske-Deperio Trustee 0.40 0 X 0 0 0 Candace Johnson Trustee 0.40 0 X 0 0 0 Kathy Lawley-Best Trustee 0.40 0 X 0 0 0 Catherine LePage-Campbell Trustee 0.40 0 X 0 0 0 Thomas Reynolds Trustee 0.40 0 X 0 0 0 Shandra Spicer Trustee 0.40 0 X 0 0 0 Alan Turner II Trustee 0.40 0 X 0 0 0 Arthur Wingerter Trustee 0.40 0 X 0 0 0 Steven Zenger Trustee 0.40 0 X 0 0 0 2301206 0 516743 88 1 1 0 AES DE RS III LLC 282 Century Place suite 2000 louisville CO 80027 solar energy provider 274959 Dell Marketing LP DELL USA PO BOX 676021 Dallas TX 75267 Computers 226826 Ellucian Company LP 4 CountryView Rd Malvern PA 19355 Computer program consultant ERP system 195707 Energymark LLC 6653 Main St Williamsville NY 14221 Utility Supplier 189907 ADPRO Sports LLC 55 Amherst Villa Rd Buffalo NY 14225 Athletic gear 158638 7 0 0 97891 0 1832394 4324650 68963 6254935 Tuition & Fees 611310 69588290 69588290 0 0 Sales & Svc of Auxiliary Enterprises 611710 10571242 10571242 0 0 0 0 0 0 80159532 853207 0 0 853207 548 0 0 548 0 0 0 0 0 0 32766105 0 30378101 0 2388004 0 2388004 0 0 2388004 97891 97891 65626 32265 0 32265 0 0 0 0 0 0 0 0 0 0 0 0 Insurance Proceeds 900099 1753674 1753674 0 0 Athletics & Student Activities 900099 342014 342014 0 0 Bookstore & Food Commissions 900099 110126 110126 0 0 1232825 735679 497146 0 3438639 93127130 83101025 497146 3274024 0 0 31762756 31762756 0 0 0 0 1850461 124401 1606228 119832 0 0 0 0 25683492 23338330 2126143 219019 1423563 1237531 168511 17521 5358284 4816077 450874 91333 1948140 1656227 274869 17044 0 0 0 0 206567 0 206567 0 41250 0 41250 0 0 0 0 0 0 0 156419 0 156419 0 3903527 3845137 57010 1380 602744 602744 0 0 1720724 1325953 364044 30727 1139262 754229 335578 49455 2149 2149 0 0 3822650 3730410 92240 0 829471 721333 87966 20172 0 0 0 0 0 0 0 0 1272685 1272685 0 0 0 0 0 0 3343584 3343584 0 0 178270 71035 107235 0 Food Service: Students 2526725 2526725 0 0 Library Services 637640 637640 0 0 Enrollment Services 794957 794957 0 0 Resident Assistants 248340 248340 0 0 3310632 2456525 846906 7201 92764292 85268768 6921840 573684 2775075 1738822 2044994 54434 1977346 3426512 2314039 1700596 0 0 0 0 307906 199216 510579 190226 121671802 71913518 46628905 49758284 24896156 0 26993457 0 0 228749 161317 81683749 84222864 1355443 991720 0 751164 974757 28652358 27858748 0 0 0 0 0 2000000 0 0 2850907 3070185 33609872 34895410 X 33963502 34310630 14110375 15016824 48073877 49327454 81683749 84222864 362838 890739 0 0 0 0 X 0 1 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 19600545 21432 3140380 12885 46000 124332 22579140 19829204 111570 -45698 131900 48465 114166 19600545 21456423 93966 -1394611 141775 44672 140127 19829204 16769561 153273 4829431 123975 39688 132179 21456423 15755128 192275 1092192 110950 37341 121743 16769561 0.63 0.08 0.29 0 0 0 1171639 1171639 0 72262705 35518369 36744336 0 361140 314976 46164 0 22633507 20302532 2330975 0 25242811 15777641 9465170 49758284 Government Bonds 2620374 F Coporate Bonds 1991036 F Common Stock 20208958 F Mutual Funds 1703460 F Money Funds 414999 F Other 54630 F 26993457 0 Accrued Salaries Wages & Pension 2425491 Accrued Interest 208417 US Gov't Advances 274960 Opearting Lease Liability 161317 3070185 94083495 890739 0 0 0 890739 93192756 0 -65626 -65626 93127130 92829918 0 0 0 65626 65626 92764292 0 0 0 92764292 Schedule D, Part V, Line 4 Endowment funds are intended to be used for scholarships or other expenditures to further the University's mission of higher education Schedule D, Part XI, Line 4b $65,626 constitutes fundraising expenses that are included on Part VIII, Line 8b. Schedule D, Part XII, Line 2d Represents fundraising expenses shown on 990, Part VIII, line 8b. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 The policy is communicated through the website, student and employment handbooks, print ads and broadcast. Schedule E, Part I, Line 6 The University receives state aid from New York State, including: Bundy Aid, Higher Education Opportunity Grant, NYS Library Grant, NYS Dept of Labor Grant, NYSDDPC Sub-award, and NYSED Foster Youth Care Initiative. The University also receives aid from the US Government, including US Department of Education Title IV programs , Federal Title III, NASA GEO model grant, Federal CEVSS Grant Middle East and North Africa 0 0 Program Services Seminary fees for housing 256830 0 0 256830 Student Financial Aid North America (including Canada and Mexico, but not the United States) 22 897091 Applied to Tuition 0 Book Daemen Work program North America (including Canada and Mexico, but not the United States) 9 46500 wages 0 book 0 0 0 0 0 0 Schedule F, Part III Schedule F, Part III - Student financial aid was awarded to students attending the University in the US. The aid awarded was applied directly to outstanding student bills or paid out as wages for those eligible for the Daemen Work Program, up to a maximum of $4,800 or 2,400 per student per year. Golf Outing 45791 0 45791 0 0 11380 864 0 8652 Scholarship Gala 52100 0 52100 0 0 4751 29858 0 10121 0 97891 0 97891 0 0 16131 30722 0 18773 65626 32265 1 Student Financial Aid programs 1641 31762756 0 book Schedule I, Part I, Line 2 Student Financial Aid is credited to the individual student accounts and their net balances are monitored by the Business Office. X 1 1 X 0 1 0 0 0 0 0 0 0 Dr Gary A Olson President 486535 0 0 0 30000 0 24237 0 16697 0 557469 0 0 0 Dr Gregory J Nayor VP of Student Affairs 140751 0 0 0 6562 0 10499 0 13890 0 171702 0 0 0 Dr Michael Brogan VP of Academic Affairs 149410 0 0 0 27000 0 14442 0 6646 0 197498 0 0 0 Gregory Ford Professor 103517 0 0 0 9303 0 9303 0 51335 0 173458 0 0 0 Thomas Wojciechowski Executive Director of Web Communications 93603 0 0 0 6472 0 8628 0 66215 0 174918 0 0 0 Melaine Kenyon VP of Information Technology 121669 0 0 0 9429 0 9971 0 57437 0 198506 0 0 0 Robert Rood VP of Business Affairs 119186 0 0 0 30000 0 12076 0 391 0 161653 0 0 0 Gerald Kugel Dean 234405 0 0 0 0 0 0 0 14567 0 248972 0 0 0 Michael S MacDonald Men's Basketball Coach 92722 0 0 0 5276 0 8441 0 52740 0 159179 0 0 0 Karl Terryberry Professor 97918 0 0 0 20010 0 9417 0 45820 0 173165 0 0 0 Kerry Spicer Vice Pres. for Student Affairs & Dean of Students 87320 0 0 0 4542 0 7268 0 19438 0 118568 0 0 0 Lisa A Arida AVP of Business Affairs & Cont. 84716 0 0 0 10500 0 6551 0 10995 0 112762 0 0 0 Brenda Young Trustee 98060 0 0 0 4866 0 7785 0 6110 0 116821 0 0 0 Mario Hicks VP of Institutional Advancement 121500 0 0 0 0 0 0 0 369 0 121869 0 0 0 Mimi Steadman Vice President for Strategic Initiatives 94885 0 0 0 11050 0 8840 0 16634 0 131409 0 0 0 Schedule J, Part I, Line 1a The President of the University is provided with a residence for personal use Schedule J, Part I, Line 3 The University uses the following to establish the compensation of the organization's CEO/President: Review of the written employment contract, benchmarking with other institutions of higher education and review and approval by the Executive of the Board of Trustees. Schedule J, Part I, Line 4 An optional 457(b) plan is offered to cabinet members. A Town of Amherst Development Corporation 222867364 03135NAR2 2018-06-14 30445732 See part VI 0 0 0 A 0 0 30445732 0 0 590057 0 0 2051162 0 0 0 2021 1 0 1 1 A 0 0 0 0 0 0 0 1 0 1 A 1 0 0 0 0 1 A 1 Schedule K, Part I, Column f-06/14/2018 30,445,732 Town of Amherst Development Corporation Purpose of the issue was to refund two prior issues. Town of Amherst IDA CUSIP#031362EH5 6/30/2006 $14,310,000 and Town of Amherst IDA CUSIP# 31362EJ1 6/30/2006 $13,485,000 as well as provide $2,000,000 for capital projects Schedule K, Part IV, Line 2c-06/14/2018 30,445,732 Town of Amherst Development Corporation Rebate computation prepared as of 6/14/2023. No rebate due. Art Wingerter Trustee 4950405 Health Insurance 0 Mark Chason Trustee 846765 Student housing 0 Steven Zenger Trustee 63274 Printing and bulk mail service 0 Kathy Lawley-Best Trustee 60365 Insurance 0 Scott Bieler Trustee 32611 Van purchases 0 Schedule L, Part IV 1) The University procures it's employee health insurance from Univera Healthcare where Arthur Wingerter is president. This vendor was selected through our insurance broker after comparison with other health insurance companies. 2) The University leases student housing from the Mark Chason's business. This business relationship existed prior to the individual becoming a trustee. The lease space is of a unique nature and there are no other vendors who could provide the services/space needed. 3) The University brokers its insurance through Lawley Insurance, of which Kathy Lawley-Best is head of corporate relations. 4) The University utilizes the services of the Zenger Group where Steven Zenger is the president & CEO. 5) Scott Bieler is the presdent of West Herr Automotive. The University purchases and leases vehicles through this business. 5) Scott Bieler is the presdent of West Herr Automotive. The University purchases and leases vehicles through this business. X 1 12944 Fair Market Value X 8 spaces in dorm 8 58328 Fair Market Value X Photos of Athletics teams in aciton 1 10635 cost 0 0 1 1 Schedule M, Part I, Line 32b The University uses an investment broker to sell donated stocks if they do not align with their investment policies. Form 990, Part VI, Section B, Line 11b The Board of Trustess will ratify the From 990 at the June board meeting. The form 990 is reviewed by the audit firm after preparation and available in the office of Business Affairs for review upon request. Form 990, Part VI, Section B, Line 12c The written conflict of interest policy covers employees and trustees. Officers ensure that all of their employees required to submit a conflict of interest policy do so. Form 990, Part VI, Section B, Line 15 The University President's compensation is reviewed and approved by the Executive Committee of the Board of Trustees and documented in the minutes. Compensation for members of the University's cabinet are reviewed in comparison with CUPA and Bureau of Labor statistics for benchmarking. Form 990, Part VI, Section C, Line 19 Copies of the Governing Documents, the Conflict of Interest Policy and the Financial Statements are made available upon request. Daemen College Physical Therapy Inc 4380 Main Street Amherst NY 14226 462438676 Physical therapy clinic NY 501(c)(3) 9 N/A 0 4380 Main Street Inc 4380 Main Street Amherst NY 14226 161003033 Liquor License NY N/A C 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 1 0 0 4380 Main Street Inc r 758