2023-05-10T09:18:10-05:00 2022-06-30 141555429 UHY ADVISORS NY INC 4 TOWER PLACE EXECUTIVE PARK 7TH FLOOR ALBANY NY 12203 990 2021-07-01 141338371 THE COLLEGE OF SAINT ROSE COLL 5184542066 432 WESTERN AVENUE ALBANY NY 12203 DEBRA LEE POLLEY TREASURER 5184542066 2023-04-30 1 DEBRA LEE POLLEY XXX-XX-XXXX MARILYN PENDERGAST P01342414 5184493166 2023-05-09 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z MARCIA J WHITE 432 WESTERN AVENUE ALBANY NY 12203 167325987 0 X WWW.STROSE.EDU X 1920 NY TO PROVIDE HIGHER EDUCATIONAL OPPORTUNITIES. 28 28 1224 435 60763 43999 18051876 20570062 98539553 83835353 3790978 1371769 1125160 1169548 121507567 106946732 48772631 45439736 0 0 42113963 37344926 155924 192000 1784107 29333574 28620071 120376092 111596733 1131475 -4650001 166488955 154535145 65317173 63344080 101171782 91191065 X THE COLLEGE OF SAINT ROSE COMMUNITY ENGAGES HIGHLY MOTIVATED UNDERGRADUATE AND GRADUATE STUDENTS IN RIGOROUS EDUCATIONAL EXPERIENCES. IN THE PROGRESSIVE TRADITION OF THE FOUNDING SISTERS OF ST. JOSEPH OF CARONDELET, WE WELCOME STUDENTS FROM ALL RELIGIOUS AND CULTURAL BACKGROUNDS. IN ADDITION TO DEVELOPING THEIR INTELLECTUAL CAPACITIES, STUDENTS HAVE THE OPPORTUNITY TO CULTIVATE THEIR CREATIVE AND SPIRITUAL GIFTS IN A DIVERSE LEARNING COMMUNITY THAT FOSTERS INTEGRITY, INTERDEPENDENCE, AND MUTUAL RESPECT.THE COLLEGE DELIVERS DISTINCTIVE AND COMPREHENSIVE LIBERAL ARTS AND PROFESSIONAL PROGRAMS THAT INSPIRE OUR GRADUATES TO BE PRODUCTIVE ADULTS, CRITICAL THINKERS, AND MOTIVATED, CARING CITIZENS. OUR ENGAGEMENT WITH THE URBAN ENVIRONMENT EXPANDS THE SETTING FOR EDUCATIONAL OPPORTUNITIES AND ENCOURAGES THE SAINT ROSE COMMUNITY'S ENERGETIC INVOLVEMENT AND EFFECTIVE LEADERSHIP IN SOCIETY. 0 0 97304815 45439736 73994831 THE COLLEGE PROVIDES POST-SECONDARY EDUCATION TO BOTH UNDERGRADUATE AND GRADUATE STUDENTS. 97304815 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 1 1 0 1 0 1 0 1 1 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 1 115 0 1 1224 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 28 28 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X DEBRA LEE POLLEY 5184542066 432 WESTERN AVE ALBANY NY 12203 DR CAROLYN J STEFANCO FORMER PRESIDENT 0.00 X 343915 0 151825 MS MARCIA J WHITE PRESIDENT 55.00 X 292262 0 4674 DR MARGARET MCLANE PROVOST/VP ACADEMIC AFFAIRS 56.00 X 180597 0 16483 DR IAN MACDONALD DEAN MATH/SCIENCE 60.00 X 154426 0 25082 MS DEBRA LEE POLLEY VP FINANCE/ADMIN/TREASURER 56.00 X 156506 0 19846 MS ELIZABETH HALEY THOMSON SECRETARY/CHIEF OF STAFF 58.00 X 161173 0 8956 DR RAJARSHI AROSKAR DEAN SCHOOL OF BUSINESS 50.00 X 143253 0 25471 MR CHARLES CARLETTA FORMER CHIEF OPERATING OFFICER 40.00 X 139119 0 1073 DR GERALD LORENTZ DEAN SCHOOL OF ARTS AND HUMANITIES 55.00 X 132184 0 3308 MS MAUREEN ROTONDI ASSOCIATE PROF OF SOCIAL WORK 50.00 X 127214 0 2609 MR JAMES J BARBA TRUSTEE 1.50 X 0 0 0 SR DANIELLE BONETTI CSJ TRUSTEE 5.00 X 0 0 0 MS RITA B CROTTY TRUSTEE 4.00 X 0 0 0 MS DENISE M DINOTO TRUSTEE 0.50 X 0 0 0 SR MARGARET M EDIC CSJ TRUSTEE 10.00 X 0 0 0 MR RYAN P HALLIDAY TRUSTEE 1.00 X 0 0 0 SR KATHERINE HANLEY CSJ TRUSTEE 9.00 X 0 0 0 MR GEORGE R HEARST III TRUSTEE 3.00 X 0 0 0 MS JULIE MASSRY KNOX TRUSTEE 2.00 X 0 0 0 SR JOAN LESCINSKI CSJ TRUSTEE 2.00 X 0 0 0 MR HAI LING TRUSTEE 1.00 X 0 0 0 MR I NORMAN MASSRY TRUSTEE 2.00 X 0 0 0 MR MATTHEW H MATARASO TRUSTEE 8.00 X 0 0 0 DR LEE A MCELROY TRUSTEE 9.00 X 0 0 0 MR DANIEL P NOLAN TRUSTEE 2.00 X 0 0 0 MR KEVIN O'CONNOR TRUSTEE 5.00 X 0 0 0 MR MICHAEL J O'HANLON TRUSTEE 3.50 X 0 0 0 DR KATHLEEN SULLIVAN RICKER TRUSTEE 5.00 X 0 0 0 SR PATRICIA A ST JOHN CSJ TRUSTEE 2.00 X 0 0 0 MR JAMES J SANDMAN TRUSTEE 2.00 X 0 0 0 SR MIRIAM UKERITIS CSJ TRUSTEE 1.00 X 0 0 0 SR J ELIZABETH VAN DEUSEN CSJ TRUSTEE 2.40 X 0 0 0 MR HAROLD L WILLIAMS TRUSTEE 4.00 X 0 0 0 MR JEFFREY D STONE CHAIR 5.00 X X 0 0 0 MS MICHELLE BORISENOK FIRST VICE CHAIR 1.00 X X 0 0 0 MS SHARON M DUKER SECOND VICE CHAIR 1.00 X X 0 0 0 SR DIANE ZIGO CSJ SECRETARY 1.00 X X 0 0 0 SR MARY ANNE HEENAN CSJ PAST CHAIR 3.50 X X 0 0 0 1830649 0 259327 33 1 1 0 SODEXO 9801 WASHINGTON BLVD GAITHERSBURG MD 20878 FOOD SERVICE MANAGEMENT 3707103 CAROUSEL INDUSTRIES 659 S COUNTY TRL EXETER RI 02822 LICENSING SERVICES 573298 WHITEMAN OSTERMAN & HANNA LP 1 COMMERCE PLZ ALBANY NY 12206 LEGAL SERVICES 422745 USHERWOOD OFFICE TECH 1005 W FAYETTE ST SYRACUSE NY 13204 MAIL AND PRINTING SERVICES 401441 ELEVATION TEN THOUSAND 7A CENTURY HILL DR LATHAM NY 12110 WEB HOSTING 343170 23 200866 14501436 5867760 172215 20570062 TUITION AND FEES 611710 73994831 73994831 AUXILIARY SERVICES 900099 9840522 9840522 83835353 340499 60763 279736 61382025 10289 60361044 0 1020981 10289 1031270 1031270 39100 200866 18211 20889 20889 OTHER REVENUE 900099 1148659 1148659 1148659 106946732 73994831 60763 12321076 45384578 45384578 55158 55158 847732 847732 27657117 23762365 3248836 645916 196547 165632 25942 4973 6562291 5411099 976727 174465 2081239 1732132 299864 49243 401636 401636 480160 480160 81325 81325 192000 192000 114601 114601 3906889 3724445 97200 85244 579918 59057 490032 30829 510934 392152 80001 38781 1786788 519360 1194074 73354 1096145 919516 152701 23928 78938 50506 27353 1079 2062032 1714992 300026 47014 6940340 5731825 1051384 157131 1057397 879437 153851 24109 UNRELATED BUSINESS INCO 13592 13592 OTHER CONTRACTUAL SVCS 2748580 2026648 595890 126042 ADMIN AND GENERAL 1999800 1999800 EDUCATIONAL 1683090 1683090 3077906 2691187 276720 109999 111596733 97304815 12507811 1784107 9000427 9399226 1125971 2502745 4205483 2752283 287600 343678 1332882 1446834 236741058 138387332 102712547 98353726 24547182 15857562 19601419 22652999 3675444 1226092 166488955 154535145 10011828 9973047 638972 606170 50045909 50760811 1107274 915576 3513190 1088476 65317173 63344080 X 76914295 68164269 24257487 23026796 101171782 91191065 166488955 154535145 X -4650001 -4398880 -931836 X 0 1 X 1 1 1 X 10050469 11370858 11348568 18051876 20570062 71391833 10050469 11370858 11348568 18051876 20570062 71391833 127286 71264547 631996 925296 538262 221956 340499 2658009 25254 56648 81902 1126357 1076537 965104 1125160 1148659 5441817 79573561 502405149 0.89560 0.87270 X PARTS I AND II/PUBLIC CHARITY STATUS AND SUPPORT SCHEDULE: THE COLLEGE QUALIFIES AS A PUBLIC CHARITY AS A SCHOOL DESCRIBED IN INTERNAL REVENUE CODE SECTION 170(B)(1)(A)(II). SCHEDULE A, PART II (SUPPORT SCHEDULE) HAS BEEN COMPLETED TO DEMOSTRATE ELIGIBILITY TO REPORT CONTRIBUTIONS ON SCHEDULE B UNDER THE APPLICABLE SPECIAL RULE. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 172982 X X 0 44047118 146916 -2829638 1248473 40115923 38815266 2026046 6899754 3693948 44047118 44960904 551230 -545221 6151647 38815266 44730531 308388 1236133 1314148 44960904 42289235 191816 3486930 1237450 44730531 0.47973 0.52027 0.00000 0 0 1974545 1974545 207634410 112989010 94645400 24774272 23092209 1682063 2357831 2306113 51718 98353726 PRIVATE HEDGE FUND 12124197 F PRIVATE EQUITY FUND 1463247 F LIMITED PARTNERSHIP 1261278 F CASH AND CASH EQUIVALENTS 6408862 F PRIVATE REAL ESTATE INVESTMENT TRUST 1395415 F 22652999 U.S. GOVERNMENT ADVANCES 488658 RIGHT OF USE LIABILITIES - OPERATING LEASES 599818 1088476 X 57181485 -4398880 18211 -4380669 61562154 45384578 45384578 106946732 67162202 950047 950047 66212155 45384578 45384578 111596733 PART III, LINE 4: DESCRIPTION OF ART, ETC., COLLECTIONS AND CONTRIBUTION TO EXEMPT PURPOSE: COLLECTIONS OF ART AND HISTORICAL MATERIALS ARE USED TO ENRICH THE LIBERAL ARTS EDUCATION PROVIDED BY THE COLLEGE. PART V, LINE 4: INTENDED USES OF ENDOWMENT FUNDS: THE PRIMARY USES OF THE ENDOWMENT ARE SCHOLARSHIPS AND AWARDS (BASED ON DONOR AGREEMENT), TO FUND NECESSARY CAPITAL PROJECTS, AND TO ADDRESS OTHER NEEDS OF THE COLLEGE AS APPROVED BY THE BOARD OF TRUSTEES. PART X, LINE 2: FASB ASC 740 FINANCIAL STATEMENTS FOOTNOTE RELATED TO LIABILITY FOR UNCERTAIN TAX POSITIONS: THE COLLEGE BELIEVES THAT THERE ARE NO UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. THE COLLEGE HAS NO FEDERAL OR STATE INFORMATIONAL RETURNS THAT ARE CURRENTLY UNDER EXAMINATION BY THE INTERNAL REVENUE SERVICE ("IRS") OR STATE AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 18,211. PART XI, LINE 4B - OTHER ADJUSTMENTS: INSTITUTIONAL AID 45,384,578. PART XII, LINE 2D - OTHER ADJUSTMENTS: WRITE-OFF OF UNAMORTIZED ISSUANCE COSTS ON REFINANCED BONDS 931,836. FUNDRAISING EXPENSES 18,211. PART XII, LINE 4B - OTHER ADJUSTMENTS: INSTITUTIONAL AID 45,384,578. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 POLICY IS PUBLISHED IN STUDENT HANDBOOK AND OTHER COLLEGE PUBLICATIONS, AS WELL AS THE COLLEGE'S WEBSITE. SCHEDULE E, PART I, LINE 6 THE COLLEGE RECEIVES GRANTS FROM THE FEDERAL GOVERNMENT TO HELP ACHIEVE AND FURTHER ITS EDUCATIONAL MISSION. THE COLLEGE ALSO RECEIVES FEDERAL AND NEW YORK STATE FUNDS THROUGH ITS STUDENTS IN THE FORM OF FEDERAL AND STATE STUDENT FINANCIAL AID AND ASSISTANCE. 0 EUROPE 0 0 INVESTMENTS 10041596 CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 INVESTMENTS 1428757 SOUTH ASIA 0 0 STUDENT RECRUITMENT SERVICES 9900 0 0 0 0 0 0 11480253 0 11480253 STUDY ABROAD PROGRAM EUROPE (INCLUDING ICELAND & GREENLAND) 1 17883 APPLIED TO STUDENTS' ACCOUNTS STUDY ABROAD PROGRAM EAST ASIA AND THE PACIFIC 2 37275 APPLIED TO STUDENTS' ACCOUNTS 0 0 0 0 1 0 PART I, LINE 2: PROCEDURE FOR MONITORING USE OF GRANT FUNDS: SCHOLARSHIPS AND SUPPORT FOR STUDY ABROAD PROGRAMS ARE AWARDED BASED ON NEED AND MONITORED ANNUALLY BASED ON STUDENTS' ACADEMIC PROFILES AND GUIDELINES AS PROVIDED TO STUDENTS. PART III ACCOUNTING METHOD: X X X X X X X 1 MPK&D 16214 BAYCROSS DR LAKEWOOD RANCH FL 34202 CONTRIBUTIONS CAMPAIGN 0 209684 94800 114884 MCALLISTER & QUINN LLC 1030 15TH ST NW WASHINGTON DC 20005 SOLICITATION OF GOVERNMENT GRANTS 0 0 97200 0 209684 192000 114884 AZ CA CO CT DE FL GA ID IL IN IA KS KY LA MA MD ME MT NC ND NE NH NJ NM NV NY OH OK OR PA RI SC SD TN TX VA VT WA WI WV WY COMMUNITY OF EXCELLENCE 239966 200866 39100 5247 3373 9591 239966 200866 39100 5247 3373 9591 18211 20889 1 SCHOLARSHIPS 2131 45384578 PART I, LINE 2: PROCEDURE FOR MONITORING USE OF GRANT FUNDS: SCHOLARSHIPS ARE AWARDED BASED ON NEED AND MONITORED ANNUALLY BASED ON STUDENTS' ACADEMIC PROFILES AND GUIDELINES AS PROVIDED TO STUDENTS. X X 1 1 X X X 1 0 0 0 0 0 0 0 0 DR CAROLYN J STEFANCO FORMER PRESIDENT 343915 0 0 0 0 0 151681 0 144 0 495740 0 349859 0 MS MARCIA J WHITE PRESIDENT 292262 0 0 0 0 0 4373 0 301 0 296936 0 0 0 DR MARGARET MCLANE PROVOST/VP ACADEMIC AFFAIRS 180597 0 0 0 0 0 3710 0 12773 0 197080 0 0 0 DR IAN MACDONALD DEAN MATH/SCIENCE 154426 0 0 0 0 0 2650 0 22432 0 179508 0 0 0 MS DEBRA LEE POLLEY VP FINANCE/ADMIN/TREASURER 156506 0 0 0 0 0 3268 0 16578 0 176352 0 0 0 MS ELIZABETH HALEY THOMSON SECRETARY/CHIEF OF STAFF 161173 0 0 0 0 0 3268 0 5688 0 170129 0 0 0 DR RAJARSHI AROSKAR DEAN SCHOOL OF BUSINESS 143253 0 0 0 0 0 3039 0 22432 0 168724 0 0 0 PART I, LINE 1A THE OFFICIAL RESIDENCE OF THE PRESIDENT IS OWNED AND MAINTAINED BY THE COLLEGE AND IS SITUATED IN CLOSE PROXIMITY TO THE COLLEGE'S URBAN CAMPUS. THE PRESIDENT RESIDES IN HER OFFICIAL RESIDENCE AS A CONDITION OF EMPLOYMENT AND FOR THE CONVENIENCE OF THE COLLEGE. CERTAIN FUNDRAISING AND OTHER COLLEGE FUNCTIONS ARE HOSTED BY THE PRESIDENT IN THE OFFICIAL RESIDENCE UNDER STIPULATION IN HER EMPLOYMENT CONTRACT. THE COLLEGE PAYS A SOCIAL CLUB'S FEES FOR COLLEGE REPRESENTATION EVENTS AND ACTIVITIES. PART I, LINE 4A COMPENSATION REPORTED IN PART II FOR FORMER PRESIDENT DR. STEFANCO REPRESENTS SEVERANCE COMPENSATION. A CITY OF ALBANY CAPITAL RESOURCE CORPORATION 273467899 2021-11-12 48150000 REFINANCING TWO PRIOR ISSUES 0 0 0 A 51902325 2952800 48949525 2022 1 0 1 1 A 0 0 0 0 0 0 0 A 0 1 0 0 0 0 0 0 0 SCHEDULE K, PARTS I AND II PROCEEDS OF ISSUE IN PART II, LINE 3 INCLUDE PREMIUM OF $3,752,325. BOND ISSUANCE COSTS WERE BORNE BY THE COLLEGE AND NOT PAID FROM PROCEEDS OF THE ISSUE. X 10 99715 MARKET QUOTE X SODEXO CATERING FUNDS 1 70000 FAIR VALUE X TIMES UNION SPONSORSHIP GRANT 1 2500 0 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B FORM 990 REVIEW PROCEDURES: THE FORM 990 IS MADE AVAILABLE FOR THE REVIEW OF THE GOVERNING BODY BEFORE FILING AND THEIR OBSERVATIONS ARE INCORPORATED AS APPROPRIATE IN THE PRESENTATION OF THE INFORMATION. REPRESENTATIVES OF THE GOVERNING BODY MEET WITH THE COLLEGE'S EXTERNAL AUDITORS WHERE THEY HAVE THE OPPORTUNITY TO ASK QUESTIONS IN REGARDS TO THE RETURN. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST POLICY PROCEDURES: ANNUAL CERTIFICATION OF COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY IS REQUIRED OF ALL MEMBERS OF THE GOVERNING BODY AND OFFICERS IN FEBRUARY EACH YEAR, AND OF NEWLY-APPOINTED INDIVIDUALS AT THE TIME OF APPOINTMENT. APPLICABLE CONFLICTS OF INTEREST ARE REPORTED TO THE AUDIT COMMITTEE AND INDIVIDUALS SUBJECT RECUSE THEMSELVES FROM THE DELIBERATIVE AND DECISION-MAKING PROCESSES WITH RESPECT TO MATTERS WHERE CONFLICT MAY EXIST. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION PROCEDURES: PERFORMANCE AND COMPARABILITY DATA RELATED TO OFFICERS' COMPENSATION IS REVIEWED BY THE PRESIDENT. THE BOARD OF TRUSTEES COMPENSATION AND EVALUATION COMMITTEE REVIEWS THE ELEMENTS OF COMPENSATION AND BENEFITS PROVIDED TO THE PRESIDENT. THE COMMITTEE ALSO FACILITATES THE ANNUAL ASSESSMENT OF THE PRESIDENT'S PERFORMANCE AS CHIEF EXECUTIVE OF THE COLLEGE WITH INPUT FROM THE FULL BOARD. FORM 990, PART VI, SECTION C, LINE 19 AVAILABILITY TO THE PUBLIC OF GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS: THESE ARE PROVIDED UPON REQUEST. FORM 990, PART XI, LINE 9: WRITE-OFF OF UNAMORTIZED ISSUANCE COSTS ON REFINANCED BONDS -931,836.