2022-04-13T07:55:00-05:00 2021-05-31 135565207 KPMG LLP 515 BROADWAY 4TH FLOOR ALBANY NY 122072974 990 2020-06-01 141338498 SIENA COLLEGE SIEN 5187832300 ROUTE 9 LOUDONVILLE NY 12211 PAUL T STEC VICE PRESIDENT 5787832300 2021-04-11 1 PAUL STEC 999009999 GENEVA FURLANO P01877392 5184274600 3 AAL1 IAL1 2020 2022-09-23 18:48:47Z PAUL T STEC ROUTE 9 LOUDONVILLE NY 12211 198969289 0 X WWW.SIENA.EDU X 1937 NY SEE SCHEDULE O 29 28 1959 31 65649 0 9108818 17417374 152948746 165160105 5787548 10074366 279792 212305 168124904 192864150 71117939 77075085 0 0 63585518 63688792 0 0 4425423 35329022 35475295 170032479 176239172 -1907575 16624978 311119313 358738238 65044803 63411883 246074510 295326355 X SEE SCHEDULE O 0 0 154500419 77075085 165160105 SEE SCHEDULE O 154500419 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 1 1 0 1 0 1 0 1 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 1 1 1 0 0 1 286 0 1 1959 1 1 1 1 UK 0 0 0 1 1 0 0 0 0 0 0 X 29 28 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY SC X PAUL STEC 5787832300 SIENA COLLEGE LOUDONVILLE NY 12211 THOMAS L AMELL TRUSTEE 1.00 X 0 0 0 THOMAS J BALDWIN JR TRUSTEE 10.00 X 0 0 0 RONALD E BJORKLUND TRUSTEE 1.00 X 0 0 0 THOMAS J BURKE TRUSTEE 3.00 X 0 0 0 TEHRESA M COLES TRUSTEE 1.00 X 0 0 0 SUSAN LAW DAKE TRUSTEE 1.00 X 0 0 0 VIRGINIA L DARROW TRUSTEE 6.00 X 0 0 0 HOWARD S FOOTE TRUSTEE 0.50 X 0 0 0 FR JAMES G GANNON OFM TRUSTEE 2.00 X 0 0 0 JASON GOTTLIEB TRUSTEE 7.00 X 0 0 0 RUSSELL R IRVING TRUSTEE (THRU 3/21) 1.00 X 0 0 0 STEVEN L LAMY TRUSTEE 2.00 X 0 0 0 BR WALTER J M LISS OFM TRUSTEE 1.00 X 0 0 0 FR ERICK LOPEZ OFM TRUSTEE 1.00 X 0 0 0 JAN TRAYNOR MACDONNELL TRUSTEE 1.00 X 0 0 0 JOANNE E MALOY TRUSTEE 1.00 X 0 0 0 MALLORY MASSRY TRUSTEE 2.00 X 0 0 0 BURGANDY-LEIGH MCCURTY TRUSTEE 3.00 X 0 0 0 WILLIAM MCGOLDRICK TRUSTEE 3.00 X 0 0 0 JOHN A MCMAHON TRUSTEE 2.00 X 0 0 0 LISA MOSER TRUSTEE 2.00 X 0 0 0 VERY REV KEVIN J MULLEN OFM TRUSTEE 5.00 X 0 0 0 JOHN F MURRAY TRUSTEE 8.00 X 0 0 0 PATRICIA A NASHELSKY TRUSTEE 5.00 X 0 0 0 JOHN J NIGRO TRUSTEE 2.00 X 0 0 0 NEERAV PATEL TRUSTEE 5.00 X 0 0 0 KENNETH M RAYMOND JR TRUSTEE 2.00 X 0 0 0 SCOT SALVADOR TRUSTEE 2.00 X 0 0 0 NIMMI M TRAPASSO MD TRUSTEE 1.00 X 0 0 0 BR BASIL J VALENTE OFM TRUSTEE 10.00 X 0 0 0 PAUL STEC VICE PRESIDENT 50.00 X 226008 0 48946 MARGARET MADDEN PRES. (THRU 6/30) PROVOST & SENIOR VP (BEG 7/1) 55.00 X 257122 0 12579 CHARLES SEIFERT INTERIM VP (THRU 6/30) DEAN OF BUS (BEG 7/1) 50.00 X 207300 0 33283 DAVID SMITH VICE PRESIDENT 50.00 X 215484 0 32636 EDWARD JONES VICE PRESIDENT 50.00 X 183316 0 35754 MARYELLEN GILROY VICE PRESIDENT 50.00 X 171711 0 16377 CHRISTOPHER P GIBSON PRESIDENT (BEG 3/1) 60.00 X 207228 0 5900 FR MARK REAMER VICE PRESIDENT 50.00 X 0 0 0 CARMEN MACIARIELLO HEAD COACH BASKETBALL 40.00 X 356876 0 43707 JOHN D'ARGENIO VP & ATHLETIC DIRECTOR 40.00 X 176110 0 18948 ALOYSIA JACQUES HEAD COACH BASKETBALL 40.00 X 170999 0 21981 JAMES NOLAN PROFESSOR 40.00 X 162412 0 25812 MARY PARLETT-SWEENEY CIO 40.00 X 171062 0 74174 2505628 0 370097 85 0 1 0 AVI FOODSYSTEMS INC 2590 ELM ROAD NE WARREN OH 44483 FOOD SERVICES 4218406 EAB GLOBAL INC 1920 EAST PARHAM RD RICHMOND VA 23228 HIGHER ED MARKETING 1620686 CREATIVE COMMUNICATIONS ASSOCIATES 2 THIRD STREET SUITE 250 TROY NY 12180 HIGHER ED MARKETING 968697 RECONMR-RECONNAISSANCE MARKET RESEARCH 135 S GUADALUPE ST SAN MARCOS TX 78666 SURVEY/DATA COLLECTION 699603 ST PETER'S HOSPITAL 315 S MANNING BLVD ALBANY NY 12208 HEALTH SVCS MNGMT 445182 12 110726 6957216 10349432 401121 17417374 TUITION & FEES 611310 124241366 124241366 ROOM & BOARD 611310 33196994 33196994 OTHER PROGRAM REVENUE 611310 3410226 3410226 LABORATORY FEES 611310 2119507 2119507 OTHER STUDENT FEES 611310 1250532 1250532 941480 941480 165160105 3053955 35495 3018460 276943 276943 26302 108374 -82072 -82072 8344 -90416 12981300 5960889 7020411 7020411 7020411 31500 110726 35876 -4376 -4376 SAINT CENTER REVENUE 21810 21810 21810 192864150 165160105 65649 10221022 19761 19761 74848280 74848280 2207044 2207044 1553159 657283 650708 245168 53054 53054 45308514 37404682 6797654 1106178 2430698 1972028 385907 72763 10783687 8758721 1713998 310968 3559680 2891242 565788 102650 820473 10310 810163 122136 122136 287739 287739 444358 444358 5529816 3314633 405473 1809710 240623 14459 25621 200543 234449 234449 1845773 1768618 77155 670300 532948 135102 2250 921837 861791 60046 8144443 7613935 530508 1012618 112214 900404 FOOD 5619339 5619339 SUPPLIES 4577163 3016082 1356219 204862 REPAIR AND MAINTENANCE 1776244 1212110 564134 ENTERTAINMENT 569963 277625 89986 202352 2658021 1387314 1155782 114925 176239172 154500419 17313330 4425423 18793035 31876968 54365 49537 14238809 14969613 2402020 1928427 1188441 931918 2419548 2421330 245723887 129004193 121302405 116719694 41528438 50479280 106685294 136798893 2506958 2562578 311119313 358738238 10765844 15134670 6898341 3465351 32579495 29954168 14801123 14857694 65044803 63411883 X 127751783 148624626 118322727 146701729 246074510 295326355 311119313 358738238 X 16624978 32240039 386828 X 0 1 X 1 1 1 X 13204192 10325567 9804017 9108818 17417374 59859968 13204192 10325567 9804017 9108818 17417374 59859968 2665779 57194189 1624947 2836048 3964255 4103194 3321704 15850148 37727 128 37855 120305 31500 151805 75899776 0.75350 0.76090 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 107957 X X X TEACHING 0 0 0 139605938 2274202 39424069 2902955 466814 177934440 137220433 2546132 8342010 2625463 5877174 139605938 135261551 3955997 5226449 2676280 4547284 137220433 129067735 2376149 8954721 2687205 2449849 135261551 120954382 3085590 13362261 2559561 5774937 129067735 0.29160 0.70830 0.00010 0 0 1659703 1659703 185133544 85184326 99949218 42251912 34412332 7839580 16678728 9407535 7271193 116719694 8291019 F US EQUITIES 63009109 F GLOBAL EQUITIES 21761074 F VENTURE CAPITAL 31821446 F MULTI-STRATEGY 7094790 F OTHER 4821455 F 136798893 ANNUITIES PAYABLE 1225350 POSTRETIREMENT BENEFITS 8895527 FEDRAL STUDENT LOAN FUNDS 1291594 ASSET RETIREMENT OBLIGATION 3445223 14857694 X 225635267 32240039 386828 32626867 193008400 -144250 -144250 192864150 176383422 144250 144250 176239172 0 176239172 PART III, LINE 4: SIENA'S FINE ART COLLECTIONS ENCOMPASS A BROAD RANGE OF PERIODS AND STYLES, WITH FINE PAINTINGS, WORKS ON PAPER, SCULPTURE, AND ARTIFACTS. ORIGINAL WORKS FROM HISTORIC AND CONTEMPORARY ARTISTS ARE DISPLAYED THROUGHOUT THE CAMPUS. AMONG THESE ARE SEVERAL PIECES FROM THE HUDSON RIVER SCHOOL, QUALITY 19TH CENTURY COPIES OF RENAISSANCE RELIGIOUS PAINTINGS, AND A DIVERSE BODY OF WORK RECENTLY ACQUIRED FROM LOCAL CONTEMPORARY ARTISTS. PART V, LINE 4: ENDOWED FUNDS ARE INTENDED PRIMARILY TO PROVIDE FOR SCHOLARSHIPS FOR STUDENT STUDY. OTHER ENDOWED FUNDS ARE MAINTAINED FOR SUPPORT IN ACADEMIC PROGRAMS, BUILDINGS, AND ATHLETICS. PART X, LINE 2: THE COLLEGE HAS BEEN GRANTED TAX-EXEMPT STATUS AS A NONPROFIT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS GENERALLY EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER SECTION 501(A) OF THE CODE AND APPLICABLE STATE LAWS. THE COLLEGE BELIEVES IT HAS TAKEN NO SIGNIFICANT UNCERTAIN TAX POSITIONS. PART XI, LINE 2D - OTHER ADJUSTMENTS: BENEFIT CHANGES 286,451. PROVISION FOR UNCOLLECTIBLE PLEDGES 100,377. PART XI, LINE 4B - OTHER ADJUSTMENTS: RENTAL EXPENSE -108,374. FUNDRAISING EXPENSE -35,876. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSE 108,374. FUNDRAISING EXPENSE 35,876. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 SIENA COLLEGE ADMITS STUDENTS OF ANY RACE, COLOR, NATIONAL AND ETHNIC ORIGIN TO ALL THE RIGHTS, PRIVILEGES, PROGRAMS, AND ACTIVITIES GENERALLY ACCORDED OR MADE AVAILABLE TO STUDENTS AT THE SCHOOL. IT DOES NOT DISCRIMINATE ON THE BASIS OF RACE, COLOR, NATIONAL AND ETHNIC ORIGIN IN ADMINISTRATION OF ITS EDUCATIONAL POLICIES, ADMISSIONS POLICIES, SCHOLARSHIP AND LOAN PROGRAMS, AND ATHLETIC AND OTHER SCHOOL-ADMINISTERED PROGRAMS. THE COLLEGE PUBLICIZES ITS RACIALLY NON-DISCRIMINATORY POLICY ON ITS WEBSITE AND IN THE STUDENT HANDBOOK, WHICH IS DISTRIBUTED TO ALL STUDENTS. THE COLLEGE'S POLICY IS MADE AVAILABLE YEAR-ROUND ON ITS WEBSITE HOMEPAGE. SEE: WWW.SIENA.EDU SCHEDULE E, PART I, LINE 6 THE COLLEGE RECEIVES GRANTS FROM VARIOUS FEDERAL AND STATE AGENCIES. 1 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM PROGRAM SERVICES SCHOLARSHIPS 728747 MIDDLE EAST AND NORTH AFRICA PROGRAM SERVICES SCHOLARSHIPS 141950 SOUTH AMERICA PROGRAM SERVICES SCHOLARSHIPS 100617 SUB-SAHARAN AFRICA PROGRAM SERVICES SCHOLARSHIPS 329387 CENTRAL AMERICA AND THE CARIBBEAN PROGRAM SERVICES SCHOLARSHIPS 162750 EAST ASIA AND THE PACIFIC PROGRAM SERVICES SCHOLARSHIPS 142167 SOUTH ASIA PROGRAM SERVICES SCHOLARSHIPS 302550 NORTH AMERICA PROGRAM SERVICES SCHOLARSHIPS 298876 EUROPE (INCLUDING ICELAND & GREENLAND) PROGRAM SERVICES STUDY ABROAD PROGRAM 37460 CENTRAL AMERICA AND THE CARIBBEAN INVESTMENTS 13342611 EUROPE (INCLUDING ICELAND & GREENLAND) INVESTMENTS 3335813 0 0 0 0 0 0 2207044 16715884 18922928 GRANTS FOR EDUCATION EUROPE (INCLUDING ICELAND & GREENLAND) 20 728747 OTHER GRANTS FOR EDUCATION MIDDLE EAST AND NORTH AFRICA 8 141950 OTHER GRANTS FOR EDUCATION SOUTH AMERICA 5 100617 OTHER GRANTS FOR EDUCATION SUB-SAHARAN AFRICA 11 329387 OTHER GRANTS FOR EDUCATION CENTRAL AMERICA AND THE CARIBBEAN 5 162750 OTHER GRANTS FOR EDUCATION EAST ASIA AND THE PACIFIC 11 142167 OTHER GRANTS FOR EDUCATION SOUTH ASIA 13 302550 OTHER GRANTS FOR EDUCATION NORTH AMERICA 7 298876 OTHER 1 0 1 1 1 1 PART III ACCOUNTING METHOD: SCHEDULE F, PART I, LINE 2 THE COLLEGE PROVIDES PAYMENT OF THE GRANTS TO THE STUDENT AS A CREDIT TO THE STUDENTS' RECEIVABLE ACCOUNT; THE GRANTS ARE NOT DIRECTLY PAID TO THE STUDENTS. FOR THE GRANT TO BE AVAILABLE TO THE STUDENT, THE COLLEGE MONITORS THE STUDENT'S ENROLLMENT, BASED ON THE FOREIGN SCHOOLS RECORDS, AND THE STUDENT MUST BE ENROLLED AND ACTIVE FOR THE TIME PERIOD THE GRANT IS OFFERED. IF THE STUDENT LEAVES THE PROGRAM EARLY, THE GRANT IS NOT REFUNDED TO THE STUDENT AND THE STUDENT'S ACCOUNT IS RATABLY ADJUSTED TO REFLECT THE INCOMPLETE PERIOD. GOLF TOURNAMENT 39081 29081 10000 2211 7450 FEAST OF ST. FRANCIS 93145 76145 17000 23100 1 10000 5500 4500 3115 142226 110726 31500 2211 10565 23100 35876 -4376 1 SCHOLARSHIPS FOR STUDENTS 3081 72387084 HIGHER EDUCATION EMERGENCY RELIEF FUND 1479 2461196 PART I, LINE 2: THE COLLEGE PROVIDES PAYMENT OF THE GRANTS, EXCEPT FOR HEERF AMOUNTS, TO THE STUDENT AS A CREDIT TO THE STUDENTS' RECEIVABLE ACCOUNTS; THE GRANTS ARE NOT DIRECTLY PAID TO THE STUDENTS. FOR THE GRANT TO BE AVAILABLE TO THE STUDENT, THE COLLEGE MONITORS THE STUDENT'S ENROLLMENT AND THE STUDENT MUST BE ENROLLED AND ACTIVE FOR THE TIME PERIOD THE GRANT IS OFFERED. IF THE STUDENT LEAVES THE PROGRAM EARLY, THE GRANT IS NOT REFUNDED TO THE STUDENT AND THE STUDENT'S ACCOUNT IS RATABLY ADJUSTED TO REFLECT THE INCOMPLETE PERIOD. AMOUNTS GRANTED UNDER THE HIGHER EDUCATION EMERGENY RELIEF FUND (HEERF) ARE PAID DIRECTLY TO STUDENTS. SCHEDULE I, PART III, LINE 2 THE COLLEGE HAS RECEIVED $6,201,000 AND $529,000 DURING THE YEARS ENDED MAY 31, 2021 AND 2020, RESPECTIVELY, FROM THE HIGHER EDUCATION EMERGENCY RELIEF FUND (HEERF) WHICH ARE INCLUDED IN GOVERNMENT GRANTS AND CONTRIBUTIONS IN THE STATEMENT OF ACTIVITIES. THESE FUNDS WERE USED TO PROVIDE GRANTS DIRECTLY TO STUDENTS IN THE FORM OF EMERGENCY FINANCIAL AID GRANTS AND FOR INSTITUTIONAL EXPENSES RELATED TO THE DISRUPTION OF CAMPUS OPERATIONS DUE TO THE COVID-19 PANDEMIC. SIENA COLLEGE AWARDED $2,461,196 IN AID TO STUDENTS THROUGH THIS FUND DURING THE YEAR ENDING MAY 31, 2021. X 1 1 X X X 0 0 0 0 0 0 0 0 0 CARMEN MACIARIELLO HEAD COACH BASKETBALL 297379 0 50000 0 9497 0 12675 0 31032 0 400583 0 0 0 PAUL STEC VICE PRESIDENT 224564 0 0 0 1444 0 9637 0 39309 0 274954 0 0 0 MARGARET MADDEN PRES. (THRU 6/30) PROVOST & SENIOR V 254755 0 0 0 2367 0 8820 0 3759 0 269701 0 0 0 DAVID SMITH VICE PRESIDENT 204103 0 0 0 11381 0 8728 0 23908 0 248120 0 0 0 MARY PARLETT-SWEENEY CIO 153062 0 0 0 18000 0 6409 0 67765 0 245236 0 0 0 CHARLES SEIFERT INTERIM VP (THRU 6/30) DEAN OF BUS ( 203909 0 0 0 3391 0 8188 0 25095 0 240583 0 0 0 EDWARD JONES VICE PRESIDENT 182582 0 0 0 734 0 7959 0 27795 0 219070 0 0 0 CHRISTOPHER P GIBSON PRESIDENT (BEG 3/1) 201333 0 0 0 5895 0 5900 0 0 0 213128 0 0 0 JOHN D'ARGENIO VP & ATHLETIC DIRECTOR 175094 0 0 0 1016 0 7392 0 11556 0 195058 0 0 0 ALOYSIA JACQUES HEAD COACH BASKETBALL 141884 0 20000 0 9115 0 6078 0 15903 0 192980 0 0 0 JAMES NOLAN PROFESSOR 160964 0 0 0 1448 0 6038 0 19774 0 188224 0 0 0 MARYELLEN GILROY VICE PRESIDENT 170750 0 0 0 961 0 7090 0 9287 0 188088 0 0 0 PART I, LINE 1A COUNTRY CLUB DUES WERE PROVIDED TO THE DEAN OF BUSINESS AND THE VP OF DEVELOPMENT AND EXTERNAL AFFAIRS TO INCREASE THE COLLEGE'S PRESENCE IN THE COMMUNITY AND AMONG BUSINESS LEADERS. ANY PERSONAL USE OF THE COUNTRY CLUB DUES ARE INCLUDED IN THE LISTED PERSON'S FORM W-2. A DORMITORY OF THE STATE OF NEW YORK SERIES 2017 146000293 000000000 2017-03-31 38395000 RENOVATION CONSTRUCTION 0 0 0 A 8090000 38395000 365080 2075000 35954920 2018 1 1 1 1 A 0 0 1 1 0 0 0 1 A 0 0 0 1 0 0 0 0 1 A 1 PART III, LINE 3A ALL MANAGEMENT AND SERVICE CONTRACTS IN BOND FINANCED SPACE QUALIFY UNDER A PRIVATE BUSINESS USE SAFE HARBOR OR EXCEPTION OR ARE INCIDENTAL IN NATURE. THEREFORE, NO CONTRACTS RESULT IN PRIVATE BUSINESS USE. PART IV, LINE 2C THE REBATE CALCULATION FOR THE DASNY SERIES 2017 WAS PERFORMED ON MAY 31, 2018. JAMES KNOX RELATIVE OF TRUSTEE 53054 COMPENSATION 0 X 28 209271 AVERAGE PRICE X BELLS OF REMEMBRANCE 1 171480 FMV X COFFEE COLD BREW 1 20000 FMV X SARAZEN GOLF TOURNAMENT-RAFFLE PRIZES 3 370 FMV 0 1 1 PART I, LINE 32B: SECURITIES RECEIVED AS CONTRIBUTIONS ARE LIQUIDATED THROUGH A BROKER UPON RECEIPT. FORM 990, PART I, LINE 1 AND PART III, LINE 1 SIENA COLLEGE IS A LEARNING COMMUNITY ADVANCING THE IDEALS OF A LIBERAL ARTS EDUCATION, ROOTED IN ITS IDENTITY AS A FRANCISCAN AND CATHOLIC INSTITUTION. AS A LEARNING COMMUNITY, SIENA IS COMMITTED TO A STUDENT-CENTERED EDUCATION EMPHASIZING DYNAMIC FACULTY-STUDENT INTERACTION. THROUGH A BLENDING OF LIBERAL ARTS AND PROFESSIONAL EDUCATION, SIENA COLLEGE PROVIDES EXPERIENCES AND COURSES OF STUDY INSTILLING THE VALUES AND KNOWLEDGE TO LEAD A COMPASSIONATE, REFLECTIVE, AND PRODUCTIVE LIFE OF SERVICE AND LEADERSHIP. AS A LIBERAL ARTS COLLEGE, SIENA FOSTERS THE RIGOROUS INTELLECTUAL DEVELOPMENT OF ITS STUDENTS THROUGH A HEALTHY EXCHANGE OF IDEAS BOTH INSIDE AND OUTSIDE THE CLASSROOM. IT PROVIDES OPPORTUNITIES TO DEVELOP CRITICAL AND CREATIVE THINKING, TO MAKE REASONED AND INFORMED JUDGMENTS, TO APPRECIATE CULTURAL DIVERSITY, TO DEEPEN AESTHETIC SENSIBILITY AND TO ENHANCE WRITTEN AND ORAL COMMUNICATION SKILLS. IT DEVELOPS IN EACH INDIVIDUAL AN APPRECIATION FOR THE RICHNESS OF EXPLORING KNOWLEDGE FROM A VARIETY OF PERSPECTIVES AND DISCIPLINES. AS A FRANCISCAN COMMUNITY, SIENA STRIVES TO EMBODY THE VISION AND VALUES OF ST. FRANCIS OF ASSISI: FAITH IN A PERSONAL AND PROVIDENT GOD, REVERENCE FOR ALL CREATION, AFFIRMATION OF THE UNIQUE WORTH OF EACH PERSON, DELIGHT IN DIVERSITY, APPRECIATION FOR BEAUTY, SERVICE WITH THE POOR AND MARGINALIZED, A COMMUNITY WHERE MEMBERS WORK TOGETHER IN FRIENDSHIP AND RESPECT, AND COMMITMENT TO BUILDING A WORLD THAT IS MORE JUST, PEACEABLE, AND HUMANE. AS A CATHOLIC COLLEGE, SIENA SEEKS TO ADVANCE NOT ONLY THE INTELLECTUAL GROWTH OF ITS STUDENTS, BUT THEIR SPIRITUAL, RELIGIOUS AND ETHICAL FORMATION AS WELL. TO THIS END, SIENA IS COMPOSED OF AND IN DIALOGUE WITH PEOPLE FROM DIFFERENT RELIGIONS AND CULTURAL TRADITIONS, FOSTERS A CRITICAL APPRECIATION OF THE CATHOLIC INTELLECTUAL HERITAGE IN CONVERSATION WITH CONTEMPORARY EXPERIENCE, PROVIDES AMPLE OPPORTUNITIES FOR WORSHIP AND SERVICE, EXPLORES THE MORAL DIMENSIONS OF DECISION-MAKING IN BUSINESS AND THE PROFESSIONS, AND AFFIRMS THE DIGNITY OF THE INDIVIDUAL WHILE PURSUING THE COMMON GOOD. FORM 990, PART III, LINE 4A SIENA COLLEGE IS A COEDUCATIONAL, INDEPENDENT, LIBERAL ARTS COLLEGE WITH A FRANCISCAN AND CATHOLIC TRADITION. FOUNDED IN 1937 BY SEVEN FRANCISCAN FRIARS, IT IS LOCATED IN LOUDONVILLE, NEW YORK, A SUBURBAN COMMUNITY JUST OUTSIDE THE STATE'S CAPITAL. SIENA IS REGISTERED BY THE BOARD OF REGENTS OF THE UNIVERSITY OF THE STATE OF NEW YORK. ALL PROGRAMS ARE ACCREDITED BY THE MIDDLE STATES COMMISSION ON HIGHER EDUCATION, AND THE SCHOOL OF BUSINESS IS ACCREDITED BY THE ASSOCIATION TO ADVANCE COLLEGIATE SCHOOLS OF BUSINESS. IN ADDITION, THE CHEMISTRY PROGRAM IS CERTIFIED BY THE AMERICAN CHEMICAL SOCIETY, THE SOCIAL WORK PROGRAM IS CERTIFIED BY THE COUNCIL ON SOCIAL WORK EDUCATION, AND THE EDUCATION PROGRAMS ARE ACCREDITED BY THE NATIONAL COUNCIL FOR THE ACCREDITATION OF TEACHER EDUCATION. SIENA'S 3187 UNDERGRADUATES ENROLL IN ONE OF THREE SCHOOLS - LIBERAL ARTS, SCIENCE, AND BUSINESS - AND MAY CHOOSE TO PURSUE STUDY FROM A TOTAL OF 24 DEPARTMENTS WITH 37 MAJORS, 64 MINORS AND CERTIFICATE PROGRAMS, AND PROFESSIONAL CURRICULA IN SECONDARY EDUCATION, PRE-LAW, AND SOCIAL WORK. 105 GRADUATES HAVE ENROLLED IN THE GRADUATE DEGREE PROGRAMS. ON AVERAGE, 122 STUDENTS STUDY ABROAD IN A GIVEN YEAR. NINETY-TWO PERCENT OF SIENA STUDENTS ENTER GRADUATE SCHOOL OR FIND EMPLOYMENT IMMEDIATELY FOLLOWING GRADUATION. ADMISSION TO THE COLLEGE IS COMPETITIVE. OF THE 897 INCOMING MEMBERS OF THE CLASS OF 2024, 18.8 PERCENT GRADUATED IN THE TOP TEN PERCENT OF THEIR HIGH SCHOOL CLASS AND THEIR AVERAGE SAT SCORE WAS 1121 . FORM 990, PART VI, SECTION A, LINE 2 BUSINESS RELATIONSHIPS BETWEEN TRUSTEES JOHN NIGRO & JOHN MURRAY JOHN NIGRO & THOMAS AMELL FORM 990, PART VI, SECTION B, LINE 11B MANAGEMENT WORKS TOGETHER WITH ITS TAX PROFESSIONALS TO GATHER THE REQUIRED INFORMATION NECESSARY TO PREPARE A DRAFT OF THE FORM 990. ONCE A DRAFT IS COMPLETED, IT IS THEN REVIEWED WITH THE AUDIT COMMITTEE AND THE TAX PROFESSIONALS. ONCE THE REVIEW IS COMPLETED AND EDITS ARE MADE, A COMPLETE COPY OF THE COLLEGE'S FINAL FORM 990 (INCLUDING ALL REQUIRED SCHEDULES), AS ULTIMATELY FILED WITH THE IRS, IS DISTRIBUTED TO THE FULL BOARD BEFORE ITS FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C ALL OFFICERS, TRUSTEES, AND KEY EMPLOYEES ASSUME RESPONSIBILITY FOR CONSIDERING POSSIBLE CONFLICTS OF INTEREST THAT ARISE DURING SERVICE WITH THE COLLEGE TO HELP TRUSTEES IDENTIFY POSSIBLE CONFLICTS OF INTEREST, THE COLLEGE HAS DEVELOPED A DISCLOSURE FORM THAT ALL TRUSTEES MUST COMPLETE AND UPDATE AT LEAST ANNUALLY. DURING THE COURSE OF THEIR SERVICE, OFFICERS, TRUSTEES, AND KEY EMPLOYEES, IF APPLICABLE, MUST ALSO DISCLOSE ANY CONFLICT OF INTEREST AS SOON AS THEY BECOME AWARE OF THE CONFLICT. THE GENERAL COUNSEL REVIEWS THE DISCLOSURES AND WILL DISCLOSE ANY REPORTED CONFLICTS OF INTEREST TO THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES. THE AUDIT COMMITTEE MAY CONSIDER WHETHER ADVICE FROM COUNSEL OR OTHER INDEPENDENT ADVISORS IS NECESSARY IN PARTICULAR INSTANCES WHERE A CONFLICT EXISTS. FORM 990, PART VI, SECTION B, LINE 15 FORM 990, PART VI, SECTION B, LINE 15A THE COMPENSATION FOR THE PRESIDENT, WHO RECEIVED SALARY FROM THE COLLEGE, WAS DETERMINED IN ACCORDANCE WITH THE EXECUTIVE COMPENSATION POLICY OF THE COLLEGE. THE BOARD OF TRUSTEES APPROVED THE COMPENSATION RECEIVED BY THE PRESIDENT AND UTILIZED INDEPENDENT EXTERNAL STANDARDS SUCH AS THE COLLEGE AND UNIVERSITY PERSONNEL ASSOCIATION, LOCAL MARKET DATA AND INTERNAL EQUITY, FOR THE REVIEW OF THE INTERIM PRESIDENT'S COMPENSATION AGREEMENT AND THE GATHERING OF COMPARABILITY DATA IN DETERMINING THE REASONABLENESS OF COMPENSATION AND COMPLIANCE WITH THE PROCEDURES DESCRIBED IN TREASURY REGULATION SECTION 53.4958-6. FORM 990, PART VI, SECTION B, LINE 15B THE BOARD OF TRUSTEES AND THE PRESIDENT PERFORM A REVIEW AND APPROVAL AT REGULAR INTERVALS OF THE PERFORMANCE AND COMPENSATION OF THE OFFICERS, AND WHERE APPROPRIATE, OTHER SENIOR MANAGEMENT OF THE COLLEGE. THE BOARD AND PRESIDENT UTILIZE INDEPENDENT EXTERNAL STANDARDS SUCH AS THE COLLEGE AND UNIVERSITY PERSONNEL ASSOCIATION, LOCAL MARKET DATA AND INTERNAL EQUITY, FOR THE REVIEW OF COMPENSATION AGREEMENTS AND THE GATHERING OF COMPARABILITY DATA IN DETERMINING THE REASONABLENESS OF COMPENSATION AND COMPLIANCE WITH THE PROCEDURES DESCRIBED IN TREASURY REGULATION SECTION 53.4958-6. FORM 990, PART VI, SECTION C, LINE 18 THE COLLEGE FOLLOWS THE IRS' GUIDELINES FOR PUBLIC DISCLOSURE. A COPY OF THE FORM 990 AND FORM 990-T IS MADE AVAILABLE TO THE PUBLIC BY REQUEST THROUGH THE FINANCE AND ADMINISTRATION OFFICE. THE FORM 990 IS ALSO AVAILABLE ON THE GUIDESTAR WEBSITE. FORM 990, PART VI, SECTION C, LINE 19 THE COLLEGE DOES NOT MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, OR FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. FORM 990, PART XI, LINE 9: BENEFIT CHANGES 286,451. PROVISION FOR UNCOLLECTIBLE PLEDGES 100,377. SPRING PROPERTIES INC 515 LOUDON ROAD LOUDONVILLE NY 12211 141706494 RENTAL NY SIENA COLLEGE C 20129 372281 1.00000 1 CHARITABLE REMAINDER UNITRUST (6) ROUTE 9 LOUDONVILLE NY 12211 INVESTING NY T 1 CHARITABLE REMAINDER TRUST (5) ROUTE 9 LOUDONVILLE NY 12211 INVESTING NY T 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 SPRING PROPERTIES INC (DUE TO SIENA) D 145807 BOOK SPRING PROPERTIES INC (DUE FROM SIENA) E 371281 BOOK CHARITABLE REMAINDER UNITRUST S 2605191 BOOK SCHEDULE R, PART IV, COLUMN (C) THE CHARITABLE REMAINDER UNITRUSTS LISTED ON LINE 3 OF PART IV HAVE THE FOLLOWING LEGAL DOMICILES: 1 - IL 2 - FL 3 - NY 4 - CT 5 - NY 6 - NY