2023-11-14T11:35:27-06:00 2022-12-31 043728817 TRONCONI SEGARRA & ASSOCIATES LLP 8321 MAIN STREET WILLIAMSVILLE NY 14221 990 2022-01-01 844813183 BRYANT & STRATTON COLLEGE INC BRYA 7162507500 200 REDTAIL ROAD SYSTEMS OFFICE ORCHARD PARK NY 14127 CHRISTOPHER GERACE VP & CFO 7162507500 2023-11-13 1 CHRISTOPHER GERACE XXX-XX-XXXX 0 ADAM P OHAR CPA P00844640 7166331373 2023-11-06 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z FRANCIS FELSER 200 REDTAIL ROAD SYSTEMS OFFICE ORCHARD PARK NY 14127 246382359 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. 9 6 2874 0 0 0 583622 59270 236869843 244787670 166463 329063 2983804 366057 240603732 245542060 31227409 37364326 0 0 87694159 91463188 0 0 0 108621376 111928980 227542944 240756494 13060788 4785566 145134093 183875784 46695361 79499769 98438732 104376015 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 163032007 37364326 239095212 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. 163032007 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 1 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 285 0 2874 1 0 0 0 0 0 0 0 0 0 0 0 0 X 9 6 0 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 756609 0 23299 FRANCIS FELSER PRESIDENT & CEO (THROUGH 12/7/22) 55.00 X X 435290 0 19359 DR MARIE CINI DIRECTOR - CHAIR 2.00 X 36250 0 0 ALEX BRNILOVICH DIRECTOR 1.00 X 27750 0 0 GARY BROST DIRECTOR 1.00 X 24000 0 0 LILY GARCIA WALTON DIRECTOR - VICE CHAIR 1.00 X 27000 0 0 JOHN RUTHERFORD DIRECTOR 1.00 X 17500 0 0 NICOLE TZETZO DIRECTOR 1.00 X 19750 0 0 BRYANT H PRENTICE III DIRECTOR 1.00 X 0 0 0 DOREEN JUSTINGER VP ONLINE & CIO (THROUGH 3/31/22) 55.00 X 300148 0 19945 CHRISTOPHER GERACE VP & CHIEF FINANCIAL OFFICER 55.00 X 405788 0 7298 TRACY NANNERY VP & CHIEF ENROLLMENT OFFICER 55.00 X 390251 0 14668 ANNE LORIA EXECUTIVE VICE PRESIDENT 55.00 X 318094 0 23299 SCOTT TRAYLOR VP & ONLINE OPS, MKTG, ADMISSIONS 55.00 X 223913 0 14531 VALERIE SENATORE VP & CHIEF ACADEMIC OFFICER 55.00 X 219003 0 10462 DAVID MEINTEL VP & CHIEF INFORMATION OFFICER 55.00 X 133902 0 24 JEFFREY TREDO MARKET DIRECTOR 55.00 X 185837 0 15944 PAUL BAHR CAMPUS DIRECTOR 55.00 X 174235 0 19705 KEVIN SEAMAN DIRECTOR OF PERFORMANCE MARKETING 55.00 X 172340 0 20232 DEBORA ERICK DEAN OF NURSING 55.00 X 173235 0 16981 LAURA SHOPP HEAD OF ACADEMICS 55.00 X 168919 0 11289 4209814 0 217036 14 0 1 0 GOOGLE INC PO BOX 3900 DEPT 33654 SAN FRANCISCO CA 94139 MARKETING 22887993 ZETA GLOBAL CORP PO BOX 411090 BOSTON MA 02241 MARKETING 9366656 MICROSOFT ONLINEINC ONE MICROSOFT WAY REDMOND WA 98052 MARKETING 2355449 ATI SERVICES INC 11161 OVERBROOK ROAD LEAWOOD KS 66211 DIGITAL LEARNING 1942368 TRI DELTA RESOURCE CORP 15 NORTH ST CANANDAIGUA NY 14424 IT HARDWARE, SOFTWARE AND SERVICE 1828739 87 59270 59270 TUITION REVENUE AND FEES 611310 238690907 238690907 INSTRUCTIONAL MATERIALS 611310 6058515 6058515 ROOM AND BOARD, NET 611310 38248 38248 244787670 337933 337933 831429 840299 -8870 -8870 -8870 MISCELLANEOUS REVENUE 611310 366057 366057 366057 245542060 239095212 0 6387578 5000000 5000000 32364326 32364326 4426850 958717 3468133 73191688 63229097 9962591 1942618 1670235 272383 5633900 4810638 823262 6268132 5226057 1042075 3001596 3001596 42928081 42928081 2176663 2089611 87052 4534940 3327474 1207466 13907895 6990348 6917547 591869 386214 205655 222750 185934 36816 408860 408860 9103624 3482429 5621195 697297 697297 UNCOLLECTIBLE ACCOUNTS 16755376 16755376 INSTRUCTIONAL EXPENSES 10149311 10149311 ATHLETIC EXPENSES 3988575 3988575 EMPLOYEE EDUCATION 930648 930648 2531495 1487017 1044478 240756494 163032007 77724487 0 37729184 22369520 1083585 5717203 5624756 1312892 1422506 4006606 2851770 44925415 14162232 32107478 30763183 20762601 63781131 61682127 479599 37315736 145134093 183875784 13419834 13893767 5000000 9281925 9953460 7102749 16890853 50652542 46695361 79499769 X 98438732 104376015 98438732 104376015 145134093 183875784 X 4785566 -613544 1765261 X X 0 1 X 1 1 1 X 0 0 0 0 0 0 0 0 1 120880 120880 0 PART II-B, LINE 1: THE ORGANIZATION IS ALSO A MEMBER OF THE ASSOCIATION OF PROPRIETARY 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 $120,880. 29921214 7491655 22429559 15004201 6670577 8333624 30763183 SECURITY DEPOSITS 487290 OPERATING LEASE RIGHT-OF-USE ASSET 36828446 37315736 CAPITAL LEASE OBLIGATIONS 6899051 POSTRETIREMENT LIABILITIES 5750381 OPERATING LEASE OBLIGATION 38003110 50652542 212848671 0 212848671 32693389 32693389 245542060 206911388 613544 613544 206297844 34458650 34458650 240756494 PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS REMOVED FROM NET TUITION 32,364,326. INVESTMENT INCOME NETTED WITH INTEREST EXPENSE AND UNREALIZED LOSS 329,063. PART XII, LINE 2D - OTHER ADJUSTMENTS: UNREALIZED LOSS ON INVESTMENTS 613,544. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS REMOVED FROM NET TUITION 32,364,326. INVESTMENT INCOME NETTED WITH INTEREST EXPENSE AND UNREALIZED LOSS 329,063. POST RETIREMENT GAIN LIABILITY 1,765,261. 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 THE PRENTICE FAMILY FOUNDATION 2201 RIVER BLVD JACKSONVILLE FL 32204 202557712 501(C)(3) 5000000 0 GENERAL PURPOSES 1 STUDENT FINANCIAL AID PROGRAM 18565 32364326 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 500196 0 235463 0 20950 0 7250 0 16049 0 779908 0 0 0 FRANCIS FELSER PRESIDENT & CEO (THROUGH 12/7/22) 110943 0 323213 0 1134 0 7250 0 12109 0 454649 0 0 0 CHRISTOPHER GERACE VP & CHIEF FINANCIAL OFFICER 281636 0 120657 0 3495 0 7250 0 48 0 413086 0 0 0 TRACY NANNERY VP & CHIEF ENROLLMENT OFFICER 256098 0 131625 0 2528 0 7250 0 7418 0 404919 0 0 0 ANNE LORIA EXECUTIVE VICE PRESIDENT 222949 0 91406 0 3739 0 7250 0 16049 0 341393 0 0 0 DOREEN JUSTINGER VP ONLINE & CIO (THROUGH 3/31/22) 165078 0 131625 0 3445 0 7250 0 12695 0 320093 0 0 0 SCOTT TRAYLOR VP & ONLINE OPS, MKTG, ADMISSIONS 201951 0 20216 0 1746 0 981 0 13550 0 238444 0 0 0 VALERIE SENATORE VP & CHIEF ACADEMIC OFFICER 210776 0 8227 0 0 0 0 0 10462 0 229465 0 0 0 JEFFREY TREDO MARKET DIRECTOR 185653 0 0 0 184 0 2394 0 13550 0 201781 0 0 0 PAUL BAHR CAMPUS DIRECTOR 170637 0 0 0 3598 0 4502 0 15203 0 193940 0 0 0 KEVIN SEAMAN DIRECTOR OF PERFORMANCE MARKETING 172340 0 0 0 0 0 4857 0 15375 0 192572 0 0 0 DEBORA ERICK DEAN OF NURSING 171643 0 0 0 1592 0 4405 0 12576 0 190216 0 0 0 LAURA SHOPP HEAD OF ACADEMICS 167419 0 0 0 1500 0 4107 0 7182 0 180208 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 PARTICIPATED IN A 457(B) PLAN DURING THE YEAR WITH REPORTABLE COMPENSATION: DAVID VADEN, PRESIDENT & CEO - $8,951 CHRISTOPHER GERACE, VICE PRESIDENT & CFO - $2,995 ANNE LORIA, EXECUTIVE VICE PRESIDENT - $514 PRENTICE REALTY INC DIRECTOR AND OFFICERS OWN DIRECT AND INDIRECT MEMBERSHIP INTEREST IN ENTITY 1416995 THE ORGANIZATION LEASES TWO CAMPUS LOCATIONS FROM PRENTICE REALTY INC. FRANCIS FELSER, 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 DIRECTOR AND OFFICERS OWN DIRECT MEMBERSHIP INTEREST IN ENTITY 334420 THE ORGANIZATION LEASES ONE CAMPUS LOCATION FROM B&S ALBANY CAMPUS GROUP LLC. BRYANT H. PRENTICE, III, DIRECTOR, FRANCIS FELSER, 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, 2022 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 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: GAIN ON POSTRETIREMENT LIABILITY 1,765,261. 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.