2023-05-12T08:25:28-05:00 2022-06-30 161131146 BONADIO & CO LLP 432 NORTH FRANKLIN STREET SYRACUSE NY 13204 990 2021-07-01 150532276 WELLS COLLEGE WELL 3153643317 170 MAIN STREET AURORA NY 130269747 ROBERT CREE VICE PRESIDENT AND CFO 3153643317 2023-05-08 1 ROBERT CREE 999009999 TIMOTHY HAMMOND P01224809 3154227109 2023-05-08 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z JONATHAN GIBRALTER 170 MAIN STREET AURORA NY 130269747 32575883 0 X HTTPS://WWW.WELLS.EDU/ X 1868 NY EDUCATE STUDENTS TO THINK CRITICALLY, REASON WISELY, AND ACT HUMANELY AS THEY CULTIVATE MEANINGFUL LIVES. THROUGH WELLS' ACADEMIC PROGRAM, RESIDENTIAL ATMOSPHERE, AND COMMUNITY ACTIVITIES, STUDENTS LEARN AND PRACTICE THE IDEALS OF THE LIBERAL ARTS. THE WELLS EXPERIENCE PREPARES STUDENTS TO APPRECIATE COMPLEXITY AND DIFFERENCE, TO EMBRACE NEW WAYS OF KNOWING, TO BE CREATIVE, AND TO RESPOND ETHICALLY TO THE INTERDEPENDENT WORLDS TO WHICH THEY BELONG. COMMITTED TO EXCELLENCE IN ALL AREAS OF ITS REACH, WELLS COLLEGE EQUIPS STUDENTS FOR LIFELONG LEARNING AND FOR SHARING THE PRIVILEGES OF EDUCATION WITH OTHERS. 20 19 502 22 0 0 6477953 12497853 14307718 16163254 2592813 1189484 219828 345019 23598312 30195610 6908363 7479323 0 0 9390097 10069452 0 0 467998 10244472 12071316 26542932 29620091 -2944620 575519 79137888 71092070 8939178 7501551 70198710 63590519 TO EDUCATE STUDENTS TO THINK CRITICALLY, REASON WISELY, AND ACT HUMANELY AS THEY CULTIVATE MEANINGFUL LIVES. 0 0 22694837 7479323 16327317 HIGHER EDUCATION - INSTRUCTIONAL COSTS INCLUDING SALARY AND BENEFITS FOR FACULTY AND EXPENSES ASSOCIATED WITH MAINTAINING EDUCATIONAL DEPARTMENTS. ALL PROGRAM EXPENSES ARE INCURRED TO FURTHER THE EDUCATION OF THE STUDENTS. THE COLLEGE SERVED 313 FULL TIME EQUIVALENT STUDENTS DURING THE YEAR. 22694837 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 0 1 0 1 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 108 0 1 502 1 0 1 IT 0 0 0 0 0 0 0 0 0 0 X 20 19 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X ROBERT CREE 3153643317 170 MAIN STREET AURORA NY 130269747 KARA T REYNOLDS TRUSTEE 1.00 X 0 0 0 JONATHAN GIBRALTER PRESIDENT 35.00 X X 359073 0 8947 FIONA MORGAN FEIN TRUSTEE 1.00 X 0 0 0 J RANDOLPH KISSELL TRUSTEE 1.00 X 0 0 0 VICKI KELLER PANHUISE TRUSTEE 1.00 X 0 0 0 KATHRYN L FONG TRUSTEE 1.00 X 0 0 0 STEPHEN L ZABRISKIE TRUSTEE 1.00 X 0 0 0 MARY K PASTORE CRYAN TRUSTEE 1.00 X 0 0 0 RENEE FORGENSI MINARIK VICE CHAIR 1.00 X X 0 0 0 JOANNE E KELLEY TRUSTEE 1.00 X 0 0 0 AMY CERAND MCNAUGHTON TRUSTEE 1.00 X 0 0 0 HEATHER T KOWALSKI TRUSTEE 1.00 X 0 0 0 LISA MAZZOLA CANIA SECRETARY 1.00 X X 0 0 0 KAREN FRANKEL BLUM TRUSTEE 1.00 X 0 0 0 MARIE CHAPMAN CARROLL CHAIR 1.00 X X 0 0 0 GAIL M PESYNA TRUSTEE 1.00 X 0 0 0 DORTHEA L SAWICKI TRUSTEE 1.00 X 0 0 0 JOSEPH ANDRE TOLLIVER TRUSTEE 1.00 X 0 0 0 JANICE W ALBANO TRUSTEE 1.00 X 0 0 0 TALYSE L HAMPTON TRUSTEE 1.00 X 0 0 0 TAZEEM PASHA TRUSTEE 1.00 X 0 0 0 MO E WALTS TRUSTEE 1.00 X 0 0 0 GERARD TURBIDE VP FOR ENROLLMENT SERVICES 35.00 X 151500 0 4028 LAWRENCE JEROME VP FOR ADVANCEMENT 35.00 X 151500 0 9803 CINDY SPEAKER PROVOST AND DEAN OF THE CO 35.00 X 151500 0 14006 ROBERT CREE VICE PRESIDENT AND CFO 35.00 X 169458 0 4476 CHARLES KENYON DEAN OF STUDENTS 35.00 X 153552 0 4079 BRIAN BROWN DIRECTOR OF FACILITIES 35.00 X 101673 0 8451 1238256 0 53790 7 0 1 0 HALLMARK MANAGEMENT SERVICE INC 170 MAIN STREET AURORA NY 13026 FOOD SERVICE 1621057 3ENROLLMENT MARKETING INC 352 MAIN STREET ONEONTA NY 13820 STUDENT SEARCH SERVICES 535643 BOND SCHOENECK & KING PLLC PO BOX 11607 SYRACUSE NY 13218 LEGAL SERVICES 141460 NORCOTT CONTRACTING 57 COLUMBIA ST CLYDE NY 14433 CONSTRUCTION 126590 ADVANTAGE TRAVEL OF CNY INC 3208 W GENESEE ST SYRACUSE NY 13219 TRAVEL AGENCY 119281 6 6344761 6153092 578126 12497853 TUITION & FEES 611600 16098455 16098455 AUXILIARY ENTERPRISES 611710 64799 64799 16163254 720602 720602 122550 0 122550 122550 122550 2723331 2254449 468882 468882 468882 184230 125824 58406 58406 OTHER REVENUE 611600 164063 164063 164063 30195610 16327317 0 1370440 7479323 7479323 1226904 510118 553484 163302 7376662 5549926 1586231 240505 122143 100414 19497 2232 617239 461325 136953 18961 726504 540367 157066 29071 160808 160808 91625 91625 66165 66165 1787385 990638 796747 941015 894159 46856 844313 355962 477842 10509 963451 265013 698438 1011531 762581 248950 362554 326796 35542 216 53690 38335 15005 350 153441 153441 1717667 1245055 472612 26612 13992 12620 MEALS AND ENTERTAINMENT 1823323 1793665 29590 68 STUDY ABROAD 1043673 792130 251543 STUDENT & FACULTY SERVI 391750 378853 12617 280 EXPENSED EQUIPMENT 182149 72692 109457 450164 123493 324167 2504 29620091 22694837 6457256 467998 5465797 654439 5864510 5862712 2217822 1744816 474905 2456636 129652 130945 38084 76064 71541112 45105442 27630341 26435670 29040749 25574498 7219352 7329117 219998 142833 836678 684340 79137888 71092070 984524 896250 156217 171411 5835991 5521020 1000000 0 962446 912870 8939178 7501551 X 24518776 22860841 45679934 40729678 70198710 63590519 79137888 71092070 X 575519 -5045522 -2138188 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 33185965 626337 -3223974 1810000 28778328 27521760 583414 6827791 1747000 33185965 27331124 937147 1083517 1830028 27521760 25913573 1324695 1854856 1762000 27331124 24736944 791228 2047401 1662000 25913573 0.05386 0.94614 0 0 779027 779027 55096253 35833655 19262598 8402050 2712704 5689346 7068222 6559083 509139 195560 195560 26435670 AEW CORE PROPERTY TRUST (U.S.), INC. 3970087 F TIAA TRADITIONAL ANNUITY 112834 F DRIEHAUS EMERGING MARKETS FUND, LP 3246196 F 7329117 REFUNDABLE GOVERNMENT LOAN FUNDS 212379 CHARITABLE GIFT ANNUITIES 89644 CONDITIONAL ASSET RETIREMENT OBLIGATION 610847 912870 16481301 -5045522 -2138188 -7183710 23665011 66165 6464434 6530599 30195610 23089492 125824 125824 22963668 66165 6590258 6656423 29620091 PART V, LINE 4: THE COLLEGE'S PRIMARY INVESTMENT OBJECTIVE FOR THE ENDOWMENT ASSETS IS TO PROVIDE SUPPORT FOR THE COLLEGE'S MISSION OVER THE LONG TERM. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS -110,282. CHANGE IN VALUE OF FUNDS HELD BY OTHERS -150,431. PAYCHECK PROTECTION PROGRAM LOAN FORGIVENESS -1,877,475. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS 6,590,258. COST OF GOODS SOLD -125,824. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 125,824. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS 6,590,258. 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 COLLEGE'S RACIALLY NONDISCRIMINATORY POLICY HAS BEEN PUBLISHED IN STUDENT BROCHURES, STUDENT HANDBOOK, EMPLOYEE HANDBOOK, AND ORIENTATION MATERIALS. SCHEDULE E, PART I, LINE 6 STUDENT FINANCIAL AID AND GOVERNMENT GRANTS FOR RESEARCH AND DEVELOPMENT OF PROFESSORS IN THE EDUCATION FIELDS. EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 1 3 PROGRAM SERVICES STUDY ABROAD PROGRAM 1115000 1 3 0 0 1 3 1115000 0 1115000 0 0 0 0 0 0 PART III ACCOUNTING METHOD: 1 WELLS GRANT 273 6484643 SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANTS 105 75678 HIGHER EDUCATION EMERGENCY RELIEF FUND 456 889065 BRIDGE THE GAP GRANT 16 29937 PART I, LINE 2: APPLICATIONS ARE RECEIVED AND GRANTS ARE AWARDED FOR NEED BASED ELIGIBLE STUDENTS AND FOR ACADEMIC PERFORMANCE. X X 1 1 X X X 0 0 0 0 0 0 0 0 0 JONATHAN GIBRALTER PRESIDENT 329294 0 19000 0 10779 0 8707 0 240 0 368020 0 0 0 ROBERT CREE VICE PRESIDENT AND CFO 169458 0 0 0 0 0 4236 0 240 0 173934 0 0 0 CINDY SPEAKER PROVOST AND DEAN OF THE CO 151500 0 0 0 0 0 3788 0 10218 0 165506 0 0 0 LAWRENCE JEROME VP FOR ADVANCEMENT 151500 0 0 0 0 0 3788 0 6015 0 161303 0 0 0 CHARLES KENYON DEAN OF STUDENTS 153552 0 0 0 0 0 3839 0 240 0 157631 0 0 0 GERARD TURBIDE VP FOR ENROLLMENT SERVICES 151500 0 0 0 0 0 3788 0 240 0 155528 0 0 0 X 27 568158 SELLING PRICE OF PROPERT 0 1 1 PART I, LINE 32B: THE COLLEGE DIRECTS DONORS TO SEND ALL GIFTS OF STOCK DIRECTLY TO THE COLLEGE'S INVESTMENT BROKER. THE BROKER IS INSTRUCTED TO SELL ANY STOCK GIFTS RECEIVED AS QUICKLY AS POSSIBLE UPON RECEIPT. THE BROKER MUST DISCLOSE THE NAME OF THE STOCK, THE NUMBER OF SHARES, AND THE SELLING SHARE PRICE TO THE COLLEGE'S CHIEF FINANCIAL OFFICER AND OBTAIN APPROVAL PRIOR TO EXECUTING ANY SALE. THE BROKER'S COMMISSION IS TAKEN DIRECTLY FROM THE SALE PROCEEDS PRIOR TO REMITTING THE PROCEEDS TO THE COLLEGE. FORM 990, PART VI, SECTION B, LINE 11B THE COLLEGE PROVIDES A DRAFT OF THE FORM 990 TO THE AUDIT COMMITTEE FOR REVIEW AND APPROVAL PRIOR TO FILING. THE FORM 990 IS ALSO POSTED ON THE TRUSTEES' PORTAL PRIOR TO FILING FOR REVIEW BY ALL TRUSTEES. FORM 990, PART VI, SECTION B, LINE 12C EACH YEAR TRUSTEES ARE REQUIRED TO SIGN A CONFLICT OF INTEREST STATEMENT. STATEMENTS ARE REVIEWED ANNUALLY BY THE AUDIT COMMITTEE, AND THE CHAIR AND SECRETARY OF THE BOARD OF TRUSTEES, WHO MONITOR AND ASSURE COMPLIANCE WITH INSTITUTIONAL POLICIES AND PRACTICES AS APPROPRIATE. FORM 990, PART VI, SECTION B, LINE 15A THE STARTING SALARY AND BENEFITS PACKAGE FOR THE PRESIDENT IS DETERMINED BY THE EXECUTIVE COMMITTEE AND IS PRESENTED TO THE BOARD OF TRUSTEES FOR APPROVAL. ON AN ANNUAL BASIS, THE EXECUTIVE COMMITTEE REVIEWS AND APPROVES PERFORMANCE GOALS AND OBJECTIVES WITH RESPECT TO COMPENSATION. IF, BASED ON THE EVALUATION AND BENCHMARK DATA COMPILED, A CONTRACT CHANGE IS RECOMMENDED, IT IS VOTED ON BY THE BOARD. FORM 990, PART VI, SECTION C, LINE 19 GRANTED UPON WRITTEN REQUEST OF AN INDIVIDUAL. ALL FORMS ARE AVAILABLE AT THE COLLEGE'S ADMINISTRATIVE OFFICES DURING NORMAL BUSINESS HOURS. A REPRESENTATIVE FROM THE COLLEGE WILL BE PRESENT AT ALL TIMES DURING THE REVIEW. UPON REQUEST, COPIES OF THE FORMS WILL BE PROVIDED. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS -110,282. CHANGE IN VALUE OF FUNDS HELD BY OTHERS -150,431. PAYCHECK PROTECTION PROGRAM LOAN FORGIVENESS -1,877,475.