2024-11-15T15:03:14-06:00 2023-12-31 043728817 TRONCONI SEGARRA & ASSOCIATES LLP 8321 MAIN STREET WILLIAMSVILLE NY 14221 990 2023-01-01 844813183 BRYANT & STRATTON COLLEGE INC BRYA 7162507500 200 REDTAIL ROAD SYSTEMS OFFICE ORCHARD PARK NY 14127 CHRISTOPHER GERACE VP & CFO 7162507500 2024-11-15 1 1 ADAM P OHAR CPA P00844640 7166331373 2024-11-15 2023 2024-10-15 13:58:12Z DAVID VADEN 200 REDTAIL ROAD SYSTEMS OFFICE ORCHARD PARK NY 14127 266829022 0 X WWW.BRYANTSTRATTON.EDU X 2020 NY BRYANT & STRATTON COLLEGE OFFERS A PERSONALIZED CAREER EDUCATION AND EXPERIENCE LEADING TO HIGH-DEMAND PROFESSIONS SO GRADUATES ARE PREPARED FOR THEIR CAREER AND LIFE PURSUITS. 8 5 2750 0 0 0 59270 62924 244787670 261062557 329063 2000087 366057 616547 245542060 263742115 37364326 30629305 0 0 91463188 96596793 0 0 0 111928980 116942328 240756494 244168426 4785566 19573689 183875784 194531985 79499769 70904245 104376015 123627740 BRYANT & STRATTON COLLEGE OFFERS A PERSONALIZED CAREER EDUCATION AND EXPERIENCE LEADING TO HIGH-DEMAND PROFESSIONS SO GRADUATES ARE PREPARED FOR THEIR CAREER AND LIFE PURSUITS. 0 0 164141208 30629305 255102976 THE COLLEGE IS AN INSTITUTION OF HIGHER EDUCATION THAT PREPARES STUDENTS FOR FUTURE SUCCESS BY TEACHING BOTH CAREER SKILLS AND LIFE SKILLS, INCLUDING IMPORTANT INTANGIBLES LIKE CRITICAL THINKING, INTERPERSONAL SKILLS, PROBLEM SOLVING, TEAM WORK, AND TIME MANAGEMENT. BY PROVIDING THESE EXPERIENCES OUR STUDENTS WILL BE ABLE TO THRIVE AND REACH THEIR DESIRED FUTURE. 164141208 1 0 0 1 0 0 0 0 0 0 1 0 0 1 1 0 1 1 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 274 0 2750 1 0 0 0 0 0 0 0 0 0 0 1 0 X 8 5 1 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X CHRISTOPHER GERACE 7162507500 200 REDTAIL ROAD SYSTEMS OFFICE ORCHARD PARK NY 14127 DAVID VADEN PRESIDENT & CEO 55.00 X X 1078190 0 42007 FRANCIS FELSER DIRECTOR - CHAIR 2.00 X 264288 0 29379 ALEX BRNILOVICH JR DIRECTOR 1.00 X 45375 0 0 DR MARIE CINI DIRECTOR - CHAIR 1.00 X 38500 0 0 LILY GARCIA WALTON DIRECTOR - VICE CHAIR 1.00 X 38250 0 0 NICOLE TZETZO DIRECTOR 1.00 X 30625 0 0 JOHN RUTHERFORD DIRECTOR 1.00 X 24250 0 0 STACEY-ANN OKOTH DIRECTOR 1.00 X 14167 0 0 GARY BROST DIRECTOR 1.00 X 13500 0 0 DR BRYANT H PRENTICE III DIRECTOR 1.00 X 0 0 0 CHRISTOPHER GERACE VP & CHIEF FINANCIAL OFFICER 55.00 X 512590 0 14524 ANNE LORIA EXECUTIVE VICE PRESIDENT 55.00 X 438242 0 36610 DAVID MEINTEL VP & CHIEF INFORMATION OFFICER 55.00 X 329501 0 9908 SCOTT TRAYLOR VP & ONLINE OPS, MKTG, ADMISSIONS 55.00 X 309839 0 18218 VALERIE SENATORE VP & CHIEF ACADEMIC OFFICER 55.00 X 187525 0 16972 ALICIA KENNEY VP & CHIEF HR OFFICER 55.00 X 109782 0 5411 JEFFREY TREDO MARKET DIRECTOR 55.00 X 190466 0 20124 LAURA VOELKL HEAD OF ACADEMIC AFFAIRS 55.00 X 188417 0 18581 CHRISTOPHER KEATON DIRECTOR OF STRGY., PLAN & ASMNT. 55.00 X 193899 0 11067 PAUL BAHR CAMPUS DIRECTOR 55.00 X 175020 0 26278 DOREEN JUSTINGER PROJECT ADMINISTRATOR 55.00 X 254444 0 29722 4436870 0 278801 110 0 1 0 GOOGLE INC PO BOX 3900 DEPT 33654 SAN FRANCISCO CA 94139 MARKETING 26832690 ZETA GLOBAL CORP PO BOX 411090 BOSTON MA 02241 MARKETING 10764417 MICROSOFT ONLINEINC ONE MICROSOFT WAY REDMOND WA 98052 MARKETING 2249241 MCGRAW HILL EDUCATION INC 1325 AVENUE OF THE AMERICAS NEW YORK NY 10019 TEXTBOOKS & DIGITAL LEARNING RESOURCES 1855641 ATI SERVICES INC 11161 OVERBROOK ROAD LEAWOOD KS 66211 DIGITAL LEARNING 1834269 91 18745 44179 62924 TUITION REVENUE AND FEES 611310 254516471 254516471 INSTRUCTIONAL MATERIALS 611310 6576128 6576128 ROOM AND BOARD, NET 611310 -30042 -30042 261062557 1965845 1965845 3121149 3086907 34242 34242 34242 MISCELLANEOUS REVENUE 611310 616547 616547 616547 263742115 255102976 0 8576215 9302 9302 30620003 30620003 4715671 1108018 3607653 77680774 66715383 10965391 1704420 1522737 181683 5957955 5089079 868876 6537973 5431990 1105983 3220140 3220140 44423044 44423044 2160010 2053622 106388 4782332 3431671 1350661 13885285 7476165 6409120 727017 446787 280230 365339 267147 98192 276343 276343 8887438 3191588 5695850 762209 762209 UNCOLLECTIBLE ACCOUNTS 19735153 19735153 INSTRUCTIONAL EXPENSES 10781536 10781536 ATHLETIC EXPENSES 4086859 4086859 EMPLOYEE EDUCATION 900255 900255 1949368 1273913 675455 244168426 164141208 80027218 0 22369520 38624298 1083585 2524815 5624756 4378136 1422506 1714544 2851770 3374000 49036423 20950666 30763183 28085757 20762601 20611749 61682127 59583123 37315736 35635563 183875784 194531985 13893767 10531862 5000000 0 9953460 11024888 50652542 49347495 79499769 70904245 X 104376015 123627740 104376015 123627740 183875784 194531985 X 19573689 614492 -936456 X X 0 1 X 1 1 1 X 0 0 0 0 0 0 0 0 1 31680 31680 0 PART II-B, LINE 1: THE ORGANIZATION IS ALSO A MEMBER OF THE ASSOCIATION OF PRIVATE COLLEGES ("APC") WHICH REPRESENTS VARIOUS DEGREE-GRANTING COLLEGES ACROSS NEW YORK STATE. AS PART OF THEIR MEMBERSHIP, AMONG OTHER BENEFITS AND SERVICES, APC CONSULTS REGULARLY WITH STATE AND FEDERAL DECISION MAKERS AND ADVOCATES IN FAVOR OF LEGISLATION AND POLICIES THAT SUPPORT THE GOALS OF HIGHER EDUCATION AND PROTECT THE INTEREST OF THE MEMBERS' STUDENTS. TOTAL MEMBERSHIP DUES PAID TO APC DURING THE YEAR WERE $31,680. 31799272 11391102 20408170 17237151 9559564 7677587 28085757 SECURITY DEPOSITS 488327 OPERATING LEASE RIGHT-OF-USE ASSET 35147236 35635563 CAPITAL LEASE OBLIGATIONS 6267467 POSTRETIREMENT LIABILITIES 6717845 OPERATING LEASE OBLIGATION 36362183 49347495 233460261 614492 614492 232845769 30896346 30896346 263742115 214208536 936456 936456 213272080 30896346 30896346 244168426 PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS REMOVED FROM NET TUITION 30,620,003. INTEREST EXPENSE SHOWN NET INTEREST INCOME ON FINANCIAL STATEMENTS 276,343. PART XII, LINE 2D - OTHER ADJUSTMENTS: ACTUARIAL LOSS ON POST RETIREMENT BENEFIT OBLIGATION 936,456. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS REMOVED FROM NET TUITION 30,620,003. INTEREST EXPENSE SHOWN NET INTEREST INCOME ON FINANCIAL STATEMENTS 276,343. 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 PUBLISHED IN ALL OF THE COLLEGE'S PAMPHLETS, CATALOGUES, BROCHURES AND OTHER PRINTED MATERIAL. THE POLICY IS ALSO VISIBLE ON THE COLLEGE'S WEBSITE. SCHEDULE E, PART I, LINE 6 THE COLLEGE RECEIVES FINANCIAL AID FROM VARIOUS FEDERAL AND STATE AGENCIES IN THE FORM OF STUDENT FINANCIAL AID. THE COLLEGE OPERATES UNDER A NON-DISCRIMINATION POLICY AND DISTRIBUTES FINANCIAL AID IN ACCORDANCE WITH SUCH POLICY. 1 STUDENT FINANCIAL AID PROGRAM 16682 30620003 PART I, LINE 2: GRANTS AND STUDENT FINANCIAL AID ARE PROVIDED TO STUDENTS MEETING THE ORGANIZATION'S CRITERIA. THE FUNDS ARE CREDITED TO EACH STUDENTS ACCOUNT AND THE OFFICE OF FINANCIAL AID IS RESPONSIBLE FOR MONITORING THE GRANTS AND EACH STUDENTS BALANCE. X 1 1 X X X X X X 0 1 0 0 0 0 0 0 0 DAVID VADEN PRESIDENT & CEO 520623 0 209869 0 347698 0 25344 0 16663 0 1120197 0 0 0 CHRISTOPHER GERACE VP & CHIEF FINANCIAL OFFICER 293035 0 82448 0 137107 0 14476 0 48 0 527114 0 0 0 ANNE LORIA EXECUTIVE VICE PRESIDENT 247757 0 73125 0 117360 0 19947 0 16663 0 474852 0 0 0 DAVID MEINTEL VP & CHIEF INFORMATION OFFICER 218713 0 76925 0 33863 0 9860 0 48 0 339409 0 0 0 SCOTT TRAYLOR VP & ONLINE OPS, MKTG, ADMISSIONS 218205 0 49725 0 41909 0 4150 0 14068 0 328057 0 0 0 FRANCIS FELSER DIRECTOR - CHAIR 0 0 227208 0 37080 0 17405 0 11974 0 293667 0 0 0 DOREEN JUSTINGER PROJECT ADMINISTRATOR 144280 0 23766 0 86398 0 17219 0 12503 0 284166 0 0 0 JEFFREY TREDO MARKET DIRECTOR 190281 0 0 0 185 0 6056 0 14068 0 210590 0 0 0 LAURA VOELKL HEAD OF ACADEMIC AFFAIRS 186917 0 0 0 1500 0 11141 0 7440 0 206998 0 0 0 CHRISTOPHER KEATON DIRECTOR OF STRGY., PLAN & ASMNT. 193899 0 0 0 0 0 11019 0 48 0 204966 0 0 0 VALERIE SENATORE VP & CHIEF ACADEMIC OFFICER 165010 0 0 0 22515 0 9768 0 7204 0 204497 0 0 0 PAUL BAHR CAMPUS DIRECTOR 171423 0 0 0 3597 0 10492 0 15786 0 201298 0 0 0 PART I, LINE 1A DAVID VADEN, PRESIDENT & CHIEF EXECUTIVE OFFICER, WAS PROVIDED A HOUSING ALLOWANCE BY THE ORGANIZATION. PART I, LINE 4B THE FOLLOWING OFFICERS AND EMPLOYEES RECEIVED A DISTRIBUTION FROM A 457(F) PLAN DURING THE YEAR WITH REPORTABLE COMPENSATION: DAVID VADEN, PRESIDENT & CEO - $318,418 CHRISTOPHER GERACE, VICE PRESIDENT & CFO - $132,950 ANNE LORIA, EXECUTIVE VICE PRESIDENT - $113,355 DOREEN JUSTINGER, VP ONLINE & CIO (THROUGH 3/31/22) - $82,993 SCOTT TRAYLOR, VP & ONLINE OPS, MKTG, ADMISSIONS - $40,163 DAVID MEINTEL, VP & CHIEF FINANCIAL OFFICER - $33,863 PART II: MR. FELSER WAS THE PRESIDENT & CEO OF THE ORGANIZATION UNTIL DECEMBER 7, 2022. DURING 2023, MR. FELSER BECAME THE ORGANIZATION'S CHAIRMAN OF THE BOARD. MR. FELSER RECEIVED COMPENSATION OF $227,208 RELATING TO SERVICES AS PRESIDENT & CEO WHICH WERE PAID DURING THE YEAR ENDING DECEMBER 31, 2023. IN ADDITION, MR. FELSER RECEIVED BOARD OF DIRECTOR FEES OF $37,080 DURING THE YEAR ENDING DECEMBER 31, 2023 FOR HIS CURRENT ROLE AS CHAIRMAN OF THE BOARD. PRENTICE REALTY INC DIRECTORS OWN DIRECT AND INDIRECT MEMBERSHIP INTEREST IN ENTITY 1416995 THE ORGANIZATION LEASES TWO CAMPUS LOCATIONS FROM PRENTICE REALTY INC. MR. FELSER, CHAIRMAN OF THE BOARD (FORMER PRESIDENT & CEO THROUGH DECEMBER 7, 2022), OWNS A DIRECT MEMBERSHIP INTEREST AND BRYANT H. PRENTICE, III, DIRECTOR, OWNS AN INDIRECT MEMBERSHIP INTEREST IN PRENTICE REALTY INC. 0 B&S ALBANY CAMPUS GROUP LLC DIRECTORS AND OFFICER OWN DIRECT MEMBERSHIP INTEREST IN ENTITY 339859 THE ORGANIZATION LEASES ONE CAMPUS LOCATION FROM B&S ALBANY CAMPUS GROUP LLC. BRYANT H. PRENTICE, III, DIRECTOR, MR. FELSER, CHAIRMAN OF THE BOARD (FORMER PRESIDENT & CEO THROUGH DECEMBER 7, 2022), AND DAVID VADEN, PRESIDENT & CEO, OWN A DIRECT MEMBERSHIP INTEREST IN THE ENTITY. 0 BP SOUTHTOWNS CAMPUS LLC DIRECTOR OWNS DIRECT MEMBERSHIP INTEREST 263000 THE ORGANIZATION HAS LEASE AGREEMENTS FOR ITS TWO CAMPUSES IN ORCHARD PARK, NEW YORK WITH THREE LIMITED LIABILITY COMPANIES. ONE OF THE LIMITED LIABILITY COMPANIES, BP SOUTHTOWNS CAMPUS, LLC, WHICH HAS MINORITY OWNERSHIP OF EACH CAMPUS, IS CONTROLLED BY BRYANT H. PRENTICE, III, DIRECTOR.TOTAL PAYMENTS ALLOCATED TO BP SOUTHTOWNS CAMPUS, LLC DURING THE YEAR ENDING DECEMBER 31, 2023 OF $263,000 INCLUDE LEASE PAYMENTS OF $220,000 AND REAL ESTATE TAX REIMBURSEMENTS OF $43,000. 0 FORM 990, PART VI, SECTION A, LINE 2 MR. FELSER, DIRECTOR - CHAIR, AND DR. BRYANT H. PRENTICE, III, DIRECTOR, HAVE A BUSINESS RELATIONSHIP. FORM 990, PART VI, SECTION A, LINE 6 THE SOLE MEMBER OF THE ORGANIZATION IS THE PRENTICE FAMILY FOUNDATION. FORM 990, PART VI, SECTION A, LINE 7A THE CORPORATION SHALL HAVE TWO CLASSES OF DIRECTORS: CLASS A - THE CLASS A DIRECTORS SHALL BE ELECTED BY THE SOLE MEMBER (THE PRENTICE FAMILY FOUNDATION). THERE SHALL AT ALL TIMES BE TWO CLASS A DIRECTORS; CLASS B - THE CLASS B DIRECTORS SHALL BE ELECTED BY THE INDIVIDUALS WHO ARE THEN SERVING AS DIRECTORS OF THE CORPORATION. FORM 990, PART VI, SECTION A, LINE 7B THE PRENTICE FAMILY FOUNDATION, SOLE MEMBER OF BRYANT & STRATTON COLLEGE, INC. ("BSCI"), THROUGH MAJORITY VOTE OF ITS BOARD OF DIRECTORS, MUST APPROVE A RESOLUTION OF SALE OR DISSOLUTION OF BSCI BY ITS BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B THE FINANCE, AUDIT, AND COMPLIANCE COMMITTEE OF THE BOARD OF DIRECTORS ANNUALLY REVIEWS THE 990. UPON APPROVAL BY THE COMMITTEE, THE FORM 990 IS MADE AVAILABLE TO THE FULL BOARD FOR REVIEW PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE GOVERNING BODY REVIEWS AND SIGNS THE CONFLICT OF INTEREST POLICY ANNUALLY TO ACKNOWLEDGE THE REQUIREMENT TO SELF-DISCLOSE ANY POTENTIAL CONFLICTS AS THEY ARISE. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION ENGAGES A THIRD PARTY TO PERFORM A COMPENSATION SURVEY AND ALL COMPENSATION PACKAGES FOR THE OFFICERS ARE REVIEWED AND APPROVED BY THE COMPENSATION & ADMINISTRATIVE COMMITTEE OF THE BOARD OF DIRECTORS. 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. FORM 990, PART XI, LINE 9: ACTUARIAL LOSS ON POST RETIREMENT BENEFIT OBLIGATION -936,456. FORM 990, PART XII, LINE 2C: THE FINANCE, AUDIT, AND COMPLIANCE COMMITTEE IS RESPONSIBLE FOR SELECTION OF INDEPENDENT ACCOUNTANTS AND OVERSIGHT OF THE FINANCIAL STATEMENT AUDIT.