2022-05-11T10:23:01-05:00 2021-06-30 141555429 UHY ADVISORS NY INC 4 TOWER PLACE EXECUTIVE PARK 7TH FLOOR ALBANY NY 12203 990 2020-07-01 141338371 THE COLLEGE OF SAINT ROSE COLL 5184542066 432 WESTERN AVENUE ALBANY NY 12203 DEBRA LEE POLLEY TREASURER 5184542066 2022-04-27 1 DEBRA LEE POLLEY XXX-XX-XXXX MARILYN PENDERGAST P01342414 5184493166 2022-05-10 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z MARCIA J WHITE 432 WESTERN AVENUE ALBANY NY 12203 164704722 0 X WWW.STROSE.EDU X 1920 NY TO PROVIDE HIGHER EDUCATIONAL OPPORTUNITIES. 28 28 1551 191 28677 21180 11348568 18051876 106288777 98539553 -767106 3790978 965104 1125160 117835343 121507567 51828734 48772631 0 0 45931504 42113963 304641 155924 1770088 30790992 29333574 128855871 120376092 -11020528 1131475 160673858 166488955 65707134 65317173 94966724 101171782 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 106598421 48772631 88352967 THE COLLEGE PROVIDES POST-SECONDARY EDUCATION TO BOTH UNDERGRADUATE AND GRADUATE STUDENTS. 106598421 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 1 1 0 1 0 1 0 0 1 0 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 77 0 1 1551 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 (TO JUNE 2020) 0.00 X 576493 0 355844 MS MARCIA J WHITE PRESIDENT 72.00 X 245115 0 145 DR STEVEN RALSTON FORMER PROVOST/VP ACADEMIC AFFAIRS 40.00 X 180649 0 11027 MS DEBRA LEE POLLEY VP FINANCE/ADMIN/TREASURER 54.00 X 169124 0 19340 DR MARGARET MCLANE PROVOST/VP ACADEMIC AFFAIRS 60.00 X 172009 0 15812 SUSAN KASSAB FORMER VP ENROLLMENT MGMT/MARKETING 40.00 X 177010 0 7622 DR IAN MACDONALD DEAN MATH/SCIENCE 60.00 X 159203 0 24249 RAJARSHI AROSKAR DEAN SCHOOL OF BUSINESS 50.00 X 165265 0 16756 CHARLES CARLETTA CHIEF OPERATING OFFICER 40.00 X 180605 0 0 MS ELIZABETH HALEY THOMSON SECRETARY/CHIEF OF STAFF 63.00 X 147261 0 9635 MS MARY GRONDAHL FORMER VP 55.00 X 122196 0 20344 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 10.00 X 0 0 0 MS DENISE M DINOTO TRUSTEE 1.00 X 0 0 0 SR MARGARET M EDIC CSJ TRUSTEE 5.00 X 0 0 0 MR RYAN P HALLIDAY TRUSTEE 1.00 X 0 0 0 SR KATHERINE HANLEY CSJ TRUSTEE 6.00 X 0 0 0 MR GEORGE R HEARST III TRUSTEE 4.00 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 1.00 X 0 0 0 MR MATTHEW H MATARASO TRUSTEE 5.00 X 0 0 0 DR LEE A MCELROY TRUSTEE 9.00 X 0 0 0 MR DANIEL P NOLAN TRUSTEE 1.00 X 0 0 0 MR KEVIN O'CONNOR TRUSTEE 6.50 X 0 0 0 MR MICHAEL O'HANLON TRUSTEE 2.00 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 0.75 X 0 0 0 SR J ELIZABETH VAN DEUSEN CSJ TRUSTEE 1.00 X 0 0 0 MR HAROLD L WILLIAMS TRUSTEE 2.00 X 0 0 0 MR JEFFREY D STONE CHAIR 3.00 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 0.00 X X 0 0 0 SR MARY ANNE HEENAN CSJ PAST CHAIR 9.00 X X 0 0 0 2294930 0 480774 40 1 1 0 SODEXO 6 EMPIRE STATE PLAZA ROM 420 ALBANY NY 12202 FOOD SERVICE 1768363 ARAMARK CORPORATION PO BOX 198532 ATLANTA GA 30384 FOOD SERVICE 1351652 USHERWOOD OFFICE TECHNOLOGY 1005 W FAYETTE ST SYRACUSE NY 13204 MAIL PRINTING SERVICES 386380 EAB PO BOX 603519 CHARLOTTE NC 28260 PROFESSIONAL SERVICES 360448 ELEVATION TEN THOUSAND 7A CENTURY HILL DRIVE LATHAM NY 12110 WEB HOSTING 338580 17 13356365 4695511 64947 18051876 TUITION AND FEES 611710 88352967 88352967 AUXILIARY SERVICES 900099 10186586 10186586 98539553 221956 28677 193279 46378176 388001 43177275 19880 3200901 368121 3569022 3569022 OTHER REVENUE 900099 1125160 1125160 1125160 121507567 88352967 28677 15074047 48772631 48772631 803441 803441 31516719 27257784 3489790 769145 917192 778512 115829 22851 6534692 5544698 811975 178019 2341919 1958112 326467 57340 385906 385906 188894 188894 112425 112425 155924 155924 100924 100924 3058987 2958794 56700 43493 609180 88025 495019 26136 528592 402387 101470 24735 1470548 509624 933465 27459 1092618 916391 152353 23874 36991 10593 26067 331 1949857 1621696 283704 44457 7257559 5939328 1155412 162819 907429 754709 132031 20689 EDUCATIONAL 4417429 4417429 OTHER CONTRACTUAL SVCS 2128690 1436971 581518 110201 ADMIN AND GENERAL 1845385 1845385 UTILITIES 1333338 1158425 151217 23696 1908822 1686406 143497 78919 120376092 106598421 12007583 1770088 2 7602110 9000427 2270098 1125971 3284909 4205483 315004 287600 1119237 1332882 234337077 131624530 107374561 102712547 19550343 24547182 18332728 19601419 824866 3675444 160673858 166488955 9744547 10011828 3015186 638972 51748013 50045909 422844 1107274 776544 3513190 65707134 65317173 X 77061951 76914295 17904773 24257487 94966724 101171782 160673858 166488955 X 1131475 3728119 1345464 X 0 1 X 1 1 1 X 8227912 10050469 11370858 11348568 18051876 59049683 8227912 10050469 11370858 11348568 18051876 59049683 374089 58675594 484800 631996 925296 538262 221956 2802310 1088267 1126357 1076537 965104 1125160 5381425 67233418 526055307 0.87270 0.86050 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 38815266 2026046 6899754 3693948 44047118 44960904 551230 -545221 6151647 38815266 44730531 308388 1236133 1314148 44960904 42289235 191816 3486930 1237450 44730531 39278799 25663 4333993 1349220 42289235 0.47730 0.52270 0.00000 0 0 1974545 1974545 205255614 106877513 98378101 24289158 22459616 1829542 2817760 2287401 530359 102712547 PRIVATE HEDGE FUND 8997860 F PRIVATE EQUITY FUND 1567349 F LIMITED PARTNERSHIP 1356020 F CASH AND CASH EQUIVALENTS 7680190 F 19601419 U.S. GOVERNMENT ADVANCES 635075 RIGHT OF USE LIABILITIES - OPERATING LEASES 2878115 3513190 X 73687080 3728119 3728119 69958961 51548606 51548606 121507567 67482022 0 67482022 52894070 52894070 120376092 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 4B - OTHER ADJUSTMENTS: INSTITUTIONAL AID 51,548,606. PART XII, LINE 4B - OTHER ADJUSTMENTS: INSTITUTIONAL AID 51,548,606. PENSION PLAN YEAR-END ACTUARIAL ADJUSTMENT 1,345,464. 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. EUROPE 0 0 INVESTMENTS 8128549 CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 480023 0 0 0 0 0 0 8608572 0 8608572 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 STOCKADE CONSULTING GROUP 650 FRANKLIN ST SCHENECTADY NY 12305 PHONE SOLICITATION 0 47225 29868 17357 MCALLISTER & QUINN LLC 1030 15TH ST NW WASHINGTON DC 20005 SOLICITATION OF GOVERNMENT GRANTS 0 0 56700 0 47225 86568 17357 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 1 SCHOLARSHIPS 2630 48772631 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 1 0 0 0 0 0 0 0 DR CAROLYN J STEFANCO FORMER PRESIDENT (TO JUNE 2020) 576493 0 0 0 0 0 355700 0 144 0 932337 0 202683 0 MS MARCIA J WHITE PRESIDENT 245115 0 0 0 0 0 0 0 145 0 245260 0 0 0 DR STEVEN RALSTON FORMER PROVOST/VP ACADEMIC AFFAIRS 180649 0 0 0 0 0 3599 0 7428 0 191676 0 0 0 MS DEBRA LEE POLLEY VP FINANCE/ADMIN/TREASURER 169124 0 0 0 0 0 3520 0 15820 0 188464 0 0 0 DR MARGARET MCLANE PROVOST/VP ACADEMIC AFFAIRS 172009 0 0 0 0 0 3525 0 12287 0 187821 0 0 0 SUSAN KASSAB FORMER VP ENROLLMENT MGMT/MARKETING 177010 0 0 0 0 0 1727 0 5895 0 184632 0 0 0 DR IAN MACDONALD DEAN MATH/SCIENCE 159203 0 0 0 0 0 2854 0 21395 0 183452 0 0 0 RAJARSHI AROSKAR DEAN SCHOOL OF BUSINESS 165265 0 0 0 0 0 1032 0 15724 0 182021 0 0 0 CHARLES CARLETTA CHIEF OPERATING OFFICER 180605 0 0 0 0 0 0 0 0 0 180605 0 0 0 MS ELIZABETH HALEY THOMSON SECRETARY/CHIEF OF STAFF 147261 0 0 0 0 0 2987 0 6648 0 156896 0 0 0 MS MARY GRONDAHL FORMER VP 122196 0 0 0 0 0 2515 0 17829 0 142540 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, LINES 4A-B A SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN WAS ENTERED INTO BETWEEN THE COLLEGE OF SAINT ROSE AND PRESIDENT CAROLYN J. STEFANCO ON 11/13/18. THE TERMS OF THAT AGREEMENT ARE IT IS 100% EMPLOYER FUNDED. VESTING OCCURRED ON JUNE 30, 2020. ALL PROCEEDS IN THE ACCOUNT WERE PAID OUT TO THE PRESIDENT IN SEPTEMBER 2020. SCHEDULE J, PART II RETIREMENT AND OTHER DEFERRED COMPENSATION (IN COLUMN C) FOR FORMER PRESIDENT DR. STEFANCO INCLUDES $350,000 OF ACCRUED UNPAID SEVERANCE COMPENSATION AS OF DECEMBER 31, 2020, PAID OUT DURING CALENDAR YEAR 2021. A CITY OF ALBANY CAPITAL RESOURCE CORPORATION 273467899 012432AN0 2011-07-19 21235000 TO FINANCE VARIOUS CAPITAL PROJECTS AT THE COLLEGE 0 0 0 B CITY OF ALBANY CAPITAL RESOURCE CORPORATION 273467899 012432BA7 2015-11-13 39760000 REFINANCE 2007 BONDS AND SWAP 0 0 0 A 21235000 1506293 1079918 571611 17951548 2012 0 0 1 1 B 39760000 445346 39314654 2015 1 0 1 1 A 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 A 0 0 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 0 0 A 0 B 0 X 9 54947 MARKET QUOTE X VARIOUS IN KIND 2 10000 FAIR VALUE 1 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: PENSION PLAN ACTUARIAL ADJUSTMENT 1,345,464.