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TRUSTEES OF UNION COLLEGE: Form 990, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
TRUSTEES OF UNION COLLEGE (EIN 14-1338580)
Tax period
2023-07-01 to 2024-06-30
Filed
2025-05-14
IRS object ID
202541349349311704
Schema version
2023v6.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2025-05-14T16:37:42-05:00ReturnTs
Tax Period End2024-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN991856619PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1GRANT THORNTON ADVISORS LLCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1757 THIRD AVENUE 3RD FLOORAddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP100172013ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2023-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN141338580EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1TRUSTEES OF UNION COLLEGE IN THE TOWN OFBusinessNameLine1Txt
Business Name Line2SCHENECTADY IN THE STATE OF NEW YORKBusinessNameLine2Txt
FieldValueIRS element (for citing)
Business Name ControlTRUSBusinessNameControlTxt
Phone5183886104PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1807 UNION STREETAddressLine1Txt
CitySCHENECTADYCityNm
State AbbreviationNYStateAbbreviationCd
ZIP12308ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonSCOTT JONESPersonNm
Person TitleVP FOR ADMIN & FINANCEPersonTitleTxt
Phone5183886104PhoneNum
Signature2025-05-14SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info Curr0IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonSCOTT THOMPSETTPreparerPersonNm
PTINP00741490PTIN
Phone2125990100PhoneNum
FieldValueIRS element (for citing)
Tax2023TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerDAVID R HARRISPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1807 UNION STREETAddressLine1Txt
CitySCHENECTADYCityNm
State AbbreviationNYStateAbbreviationCd
ZIP12308ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$619,775,651GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.UNION.EDUWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1795FormationYr
Legal Domicile StateNYLegalDomicileStateCd
Activity Or MissionUNION COLLEGE DEVELOPS EVERY STUDENT TO LEAD WITH WISDOM, EMPATHY, AND COURAGE.ActivityOrMissionDesc
Voting Members Governing Body36VotingMembersGoverningBodyCnt
Voting Members Independent30VotingMembersIndependentCnt
Total Employee2303TotalEmployeeCnt
Total Volunteers56TotalVolunteersCnt
Total Gross UBI$748,623TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$19,167,226PYContributionsGrantsAmt
CY Contributions Grants$50,804,061CYContributionsGrantsAmt
PY Program Service Revenue$157,670,694PYProgramServiceRevenueAmt
CY Program Service Revenue$165,299,642CYProgramServiceRevenueAmt
PY Investment Income$20,931,299PYInvestmentIncomeAmt
CY Investment Income$31,672,445CYInvestmentIncomeAmt
PY Other Revenue$3,861,448PYOtherRevenueAmt
CY Other Revenue$3,548,515CYOtherRevenueAmt
PY Total Revenue$201,630,667PYTotalRevenueAmt
CY Total Revenue$251,324,663CYTotalRevenueAmt
PY Grants And Similar Paid$67,529,368PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$74,782,807CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$85,486,513PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$85,834,108CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$5,165,739CYTotalFundraisingExpenseAmt
PY Other Expenses$62,755,480PYOtherExpensesAmt
CY Other Expenses$66,831,993CYOtherExpensesAmt
PY Total Expenses$215,771,361PYTotalExpensesAmt
CY Total Expenses$227,448,908CYTotalExpensesAmt
PY Revenues Less Expenses-$14,140,694PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$23,875,755CYRevenuesLessExpensesAmt
Total Assets BOY$917,945,737TotalAssetsBOYAmt
Total Assets EOY$985,737,430TotalAssetsEOYAmt
Total Liabilities BOY$204,604,453TotalLiabilitiesBOYAmt
Total Liabilities EOY$223,758,730TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$713,341,284NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$761,978,700NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionUNION COLLEGE, CHARTERED BY THE STATE OF NEW YORK IN 1795, IS ONE OF THE NATION'S OLDEST AND MOST DISTINGUISHED LIBERAL ARTS COLLEGES WITH ENGINEERING. CONSISTENTLY RANKED AMONG THE NATION'S TOP COLLEGES, UNION IS A LEADER IN EDUCATING STUDENTS (SEE SCHEDULE O)MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$201,533,445ExpenseAmt
Grant$74,782,807GrantAmt
Revenue$165,299,642RevenueAmt
DescTHE UNION COLLEGE CURRICULUM EMPHASIZES COLLABORATION WITH STUDENTS AND FACULTY THROUGH SMALL CLASSES AND UNDERGRADUATE RESEARCH, INTERNATIONAL STUDY AND LEARNING THROUGH SERVICE. THROUGH ITS UNIQUE INTERDISCIPLINARY APPROACH TO THE LIBERAL ARTS, UNION COMBINES THE HUMANITIES AND SOCIAL SCIENCES WITH SCIENCE AND ENGINEERING, EMPHASIZING THE PRACTICAL APPLICATION OF IDEAS THROUGH HANDS-ON EXPERIENCE. WITH MORE THAN 40 MAJORS AND 55 MINORS TO CHOOSE FROM, UNION STUDENTS CAN PURSUE DOUBLE MAJORS; COMBINE MAJORS AND MINORS; SELECT INTERDEPARTMENTAL AND MULTIDISCIPLINARY CONCENTRATIONS, AND AREA, ETHNIC AND CULTURAL STUDIES PROGRAMS; OR DESIGN THEIR OWN MAJOR. MOST STUDENTS TAKE THREE COURSES IN EACH OF THE THREE 10-WEEK TERMS THAT COMPRISE UNION'S ACADEMIC CALENDAR SYSTEM. (SEE SCHEDULE O)NEARLY EVERY ACADEMIC DEPARTMENT REQUIRES STUDENTS TO COMPLETE SOME FORM OF RESEARCH IN THEIR SUBJECT AREA, AND STUDENTS HAVE OPPORTUNITIES TO WORK ONE-ON-ONE WITH THEIR PROFESSORS. AT STEINMETZ SYMPOSIUM EACH SPRING, SOME 400 STUDENTS PRESENT THE RESULTS OF THEIR RESEARCH, SCHOLARLY AND CREATIVE ACTIVITIES. MANY STUDENTS CO-AUTHOR PUBLICATIONS WITH THEIR PROFESSORS AND PRESENT AT THE NATIONAL CONFERENCE ON UNDERGRADUATE RESEARCH (NCUR). MANY PARTICIPATE IN BUSINESSES, HEALTH CARE, GOVERNMENT AND SOCIAL SERVICE INTERNSHIPS.THE INTERNATIONAL EXPERIENCE IS A HALLMARK OF A UNION EDUCATION, WITH MORE THAN 50 PERCENT OF STUDENTS PURSUING STUDIES, RESEARCH, INTERNSHIPS, AND OTHER PROGRAMS ABROAD. ON CAMPUS, OPPORTUNITIES FOR LEADERSHIP, DISCUSSION AND COMMUNITY ABOUND IN THE MINERVA SYSTEM, OFFERING RESIDENTIAL, ACADEMIC AND SOCIAL PROGRAMS. EVERY INCOMING STUDENT IS ASSIGNED TO ONE OF SEVEN MINERVA HOUSES, WHICH ALSO INVOLVE FACULTY AND STAFF.UNION'S BECKER CAREER CENTER HELPS STUDENTS WITH CAREER PLANNING, INTERNSHIPS AND THE GRADUATE SCHOOL AND JOB SEARCH. RECENT TRENDS SHOW THAT ABOUT A THIRD OF GRADUATING SENIORS GO DIRECTLY TO GRADUATE OR PROFESSIONAL SCHOOLS, AND UNION HAS EARNED AN EXCELLENT REPUTATION FOR PLACING GRADUATES IN MEDICAL, LAW AND BUSINESS SCHOOLS. UNION'S MORE THAN 22,000 ALUMNI INCLUDE LEADERS IN ALL FIELDS, INCLUDING ARTS, MEDICINE, SCIENCE, ENGINEERING, MEDIA, ENTERTAINMENT, LAW AND POLITICS. GRADUATES INCLUDE NOBEL PRIZE AND ACADEMY AWARD WINNERS, A NATIONAL BOOK AWARD WINNER AND A MCARTHUR FELLOW, AN OLYMPIC GOLD MEDALIST, SEVEN CABINET SECRETARIES, A SECRETARY OF STATE, 13 GOVERNORS, 200 JUDGES, 90 COLLEGE PRESIDENTS AND THE 21ST PRESIDENT OF THE UNITED STATES.AS ONE OF THE PRE-EMINENT LIBERAL ARTS COLLEGES IN THE UNITED STATES, THE COLLEGE OFFERS:- 2,031 FULL-TIME UNDERGRADUATES FROM 40 STATES AND TERRITORIES AND 50 COUNTRIES- 26% DOMESTIC STUDENTS OF COLOR- 11% INTERNATIONAL- 9:1 STUDENT-FACULTY RATIO- 219 FACULTY MEMBERS; 97% HAVE EARNED A PH.D. OR THE HIGHEST DEGREE IN THEIR FIELD- $60 MILLION IN UNION COLLEGE SCHOLARSHIPS AND GRANTS ARE AWARDED EACH YEAR- MORE THAN 50% OF UNION STUDENTS RECEIVE NEED-BASED FINANCIAL SCHOLARSHIP ASSISTANCE TO ATTEND UNION AND OVER 30% RECEIVE MERIT SCHOLARSHIPS.Desc
Total Program Service Expenses$201,533,445TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying ActivitiesYes (1)LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of ArtYes (1)CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi EndowmentsYes (1)DonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other SecYes (1)ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (1)IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School OperatingYes (1)SchoolOperatingInd
Foreign OfficeYes (1)ForeignOfficeInd
Foreign ActivitiesYes (1)ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To OrganizationsYes (1)GrantsToOrganizationsInd
Grants To IndividualsYes (1)GrantsToIndividualsInd
Schedule J RequiredYes (1)ScheduleJRequiredInd
Tax Exempt BondsYes (1)TaxExemptBondsInd
Invest Tax Exempt Bonds0InvestTaxExemptBondsInd
Escrow Account0EscrowAccountInd
On Behalf Of Issuer0OnBehalfOfIssuerInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related PersonYes (1)GrantToRelatedPersonInd
Business Rln With Org MemYes (1)BusinessRlnWithOrgMemInd
Business Rln With Fam MemYes (1)BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash ContriYes (1)DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related EntityYes (1)RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document401IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee2303EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over LimitYes (1)UnrelatedBusIncmOverLimitInd
Form990 T FiledYes (1)Form990TFiledInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members36GoverningBodyVotingMembersCnt
Independent Voting Member30IndependentVotingMemberCnt
Family Or Business RlnYes (1)FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEOYes (1)CompensationProcessCEOInd
Compensation Process OtherYes (1)CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldCAStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1SCOTT JONESBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone5183886104PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1807 UNION STREETAddressLine1Txt
CitySCHENECTADYCityNm
State AbbreviationNYStateAbbreviationCd
ZIP12308ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (57 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtAverage Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtKey EmployeeKeyEmployeeIndHighest Compensated EmployeeHighestCompensatedEmployeeInd
DAVID R HARRIS VOTING
PRESIDENT/TRUSTEE EX OFFICO40.000.00Yes (X)Yes (X)$782,595$0$115,266
JENNIFER CURREY
FACULTY TRUSTEE (AS OF 05/2024)40.000.00Yes (X)$139,126$0$48,206
CHAD ORZEL
FACULTY TRUSTEE (THRU 05/2024)1.000.00Yes (X)$106,684$0$46,421
KRISSANA SCHEITER
FACULTY TRUSTEE40.000.00Yes (X)$85,928$0$36,101
EASTWOOD YEBOAH
STUDENT TRUSTEE (THRU 05/2024)1.000.00Yes (X)$2,939$0$0
JONATHAN ANDERSON
STUDENT TRUSTEE (AS OF 05/2024)1.000.00Yes (X)$2,816$0$0
EMILY STEIN
STUDENT TRUSTEE (THRU 05/2024)1.000.00Yes (X)$1,736$0$0
AJAY GONCALVES
STUDENT TRUSTEE (AS OF 05/2024)1.000.00Yes (X)$1,680$0$0
JULIE GREIFER-SWIDLER
TERM TRUSTEE / CHAIR3.300.00Yes (X)Yes (X)$0$0$0
GUY T LOGAN
TERM TRUSTEE / VICE CHAIR3.300.00Yes (X)Yes (X)$0$0$0
KATHRYN STEFANIK BARRY
TERM TRUSTEE / SECRETARY3.300.00Yes (X)Yes (X)$0$0$0
WILLIAM PERLSTEIN
TERM TRUSTEE / GENERAL COUNSEL2.300.00Yes (X)Yes (X)$0$0$0
LINDA ABRIOLA
TERM TRUSTEE1.000.00Yes (X)$0$0$0
ROBERT BERTAGNA
TERM TRUSTEE1.000.00Yes (X)$0$0$0
KATHLEEN R BROWNE
TERM TRUSTEE1.000.00Yes (X)$0$0$0
THOMAS CAULFIELD
TERM TRUSTEE1.000.00Yes (X)$0$0$0
THOMAS J COLEMAN
TERM TRUSTEE2.500.00Yes (X)$0$0$0
DENNIS M COLEMAN
TERM TRUSTEE1.000.00Yes (X)$0$0$0
THOMAS G CONNOLLY
TERM TRUSTEE1.000.00Yes (X)$0$0$0
ESTELLE COOKE-SAMPSON
TERM TRUSTEE (THRU 05/2024)1.000.00Yes (X)$0$0$0
JUDITH DEIN
TERM TRUSTEE1.000.00Yes (X)$0$0$0
RICHARD DELANEY
TERM TRUSTEE1.000.00Yes (X)$0$0$0
DANIEL GILBERT
TERM TRUSTEE (AS OF 05/2024)1.000.00Yes (X)$0$0$0
PAUL D GINSBERG
TERM TRUSTEE1.000.00Yes (X)$0$0$0
ARTHUR HOLDEN
TERM TRUSTEE1.500.00Yes (X)$0$0$0
BRAD S KARP
TERM TRUSTEE1.500.00Yes (X)$0$0$0
JASON KELLMAN
TERM TRUSTEE1.000.00Yes (X)$0$0$0
KENYA LENOIR MESSER
TERM TRUSTEE1.000.00Yes (X)$0$0$0
JEFF LIPSITZ
TERM TRUSTEE1.000.00Yes (X)$0$0$0
ROBERT J MOSER
TERM TRUSTEE1.000.00Yes (X)$0$0$0
SARAH PONTIUS
TERM TRUSTEE1.000.00Yes (X)$0$0$0
JENNIFER SCONYERS LAWTON
TERM TRUSTEE1.000.00Yes (X)$0$0$0
JAY FREELAND
CHAIR PRESIDENT'S COUNCIL1.000.00Yes (X)$0$0$0
DAVID J BREAZZANO
LIFE TRUSTEE1.500.00Yes (X)$0$0$0
NEIL M GOLUB
LIFE TRUSTEE (THRU 05/2024)1.500.00Yes (X)$0$0$0
DOUGLASS KARP
LIFE TRUSTEE1.500.00Yes (X)$0$0$0
JOHN E KELLY III
LIFE TRUSTEE1.500.00Yes (X)$0$0$0
PETER KWETU HAVILAND-EDUAH
ALUMNI TRUSTEE1.000.00Yes (X)$0$0$0
JOHN K JOHNSON
ALUMNI TRUSTEE1.000.00Yes (X)$0$0$0
VINCENT MATTONE
ALUMNI TRUSTEE (THRU 05/2024)1.000.00Yes (X)$0$0$0
PETER RAYMOND
ALUMNI TRUSTEE1.000.00Yes (X)$0$0$0
TESS SKOLLER
ALUMNI TRUSTEE (AS OF 05/2024)1.000.00Yes (X)$0$0$0
GOVERNOR KATHY HOCHUL
EX-OFFICIO1.000.00Yes (X)$0$0$0
MICHELLE ANGRIST
VP ACADEMIC AFFAIRS/DEAN FACULTY40.000.00Yes (X)$267,382$0$101,315
SCOTT JONES
VP FOR ADMINISTRATION & FINANCE40.000.00Yes (X)$280,166$0$71,027
MAURA MACK HISGEN - INTERIM
VP FOR COLLEGE RELATIONS/ASST. SEC.40.000.00Yes (X)$231,952$0$43,974
DARCY CZAJKA
VP AND CHIEF OF STAFF40.000.00Yes (X)$184,203$0$28,186
BLAIR RAYMOND
ASST. SECRETARY40.000.00Yes (X)$114,464$0$82,604
SARAH FARSAD
REGISTRAR40.000.00Yes (X)$116,464$0$47,646
MATTHEW MALATESTA
VP FOR ADMISSIONS, FA & ENROLLMENT40.000.00$227,387$0$95,878Yes (X)
ANNETTE DIORIO
VP STUD AFF & DEAN STUDENTS40.000.00$246,422$0$49,469Yes (X)
ELLEN YU
CHIEF INFORMATION OFFICER40.000.00$205,041$0$77,437Yes (X)
JAMES MCLAUGHLIN
DIRECTOR OF ATHLETICS40.000.00$207,162$0$92,575Yes (X)
MARK LAND
VP FOR COMMUNICATION AND MARKETING40.000.00$227,877$0$52,009Yes (X)
JOSHUA J HAUGE
MEN'S HOCKEY COACH40.000.00$216,638$0$62,782Yes (X)
SCOTT RAVA
ASST. VP & CAMPAIGN DIRECTOR40.000.00$185,725$0$66,104Yes (X)
ASHRAF GHALY
CARL B JANSEN PROF OF ENGINEERING40.000.00$190,272$0$53,525Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$4,024,659TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$1,170,525TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K159IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (1)TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (5 entries)

Address Line1ContractorAddress/USAddress/AddressLine1TxtCityContractorAddress/USAddress/CityNmState AbbreviationContractorAddress/USAddress/StateAbbreviationCdZIPContractorAddress/USAddress/ZIPCdServicesServicesDescCompensationCompensationAmt
CONSIGLI CONSTRUCTION
72 SUMMER STREETMILFORDMA01757CONSTRUCTION$4,164,777
ACCENTURE LLP
500 W MADISON STREETCHICAGOIL60661CONSULTING/TECHNOLOGY SERVICES$4,125,000
TURNER CONSTRUCTION COMPANY
1 COMPUTER DRIVE SOUTHALBANYNY12205CONSTRUCTION$3,069,479
MID-STATE INDUSTRIES LTD
1105 CATALYN STREETSCHENECTADYNY12303CONSTRUCTION$2,361,515
TAMBELLINI GROUP LLC
PO BOX 685IRVINGTONVA22480CONSULTING/NEGOTIATING$1,899,494
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K45CntrctRcvdGreaterThan100KCnt
Related Organizations$84,500RelatedOrganizationsAmt
Government Grants$3,311,567GovernmentGrantsAmt
All Other Contributions$47,407,994AllOtherContributionsAmt
Noncash Contributions$4,185,409NoncashContributionsAmt
Total Contributions$50,804,061TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (2 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
TUITION AND FEES611710$134,941,295$134,941,295
AUXILIARY ENTERPRISE713990$30,358,347$30,358,347
FieldValueIRS element (for citing)
Total Program Service Revenue$165,299,642TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$7,823,932TotalRevenueColumnAmt
Unrelated Business Revenue$691,748UnrelatedBusinessRevenueAmt
Exclusion$7,132,184ExclusionAmt

Gross Rents GrossRentsGrp

FieldValueIRS element (for citing)
Real$291,084RealAmt

Less Rental Expenses LessRentalExpensesGrp

FieldValueIRS element (for citing)
Real$0RealAmt

Rental Income Or Loss RentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Real$291,084RealAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column$291,084TotalRevenueColumnAmt
Exclusion$291,084ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$391,047,312SecuritiesAmt
Other$44,239OtherAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$367,218,388SecuritiesAmt
Other$24,650OtherAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities$23,828,924SecuritiesAmt
Other$19,589OtherAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$23,848,513TotalRevenueColumnAmt
Exclusion$23,848,513ExclusionAmt
FieldValueIRS element (for citing)
Gaming Gross Income$12,919GamingGrossIncomeAmt
Gaming Direct Expenses$0GamingDirectExpensesAmt

Net Income From Gaming NetIncomeFromGamingGrp

FieldValueIRS element (for citing)
Total Revenue Column$12,919TotalRevenueColumnAmt
Exclusion$12,919ExclusionAmt
FieldValueIRS element (for citing)
Gross Sales Of Inventory$1,917,879GrossSalesOfInventoryAmt
Cost Of Goods Sold$1,207,950CostOfGoodsSoldAmt

Net Income Or Loss NetIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column$709,929TotalRevenueColumnAmt
Exclusion$709,929ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp (3 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtExclusionExclusionAmtUnrelated Business RevenueUnrelatedBusinessRevenueAmt
INTER COLLEGIATE ATHLETICS900099$864,898$864,898
STUDENT ATHLETICS AND EVENTS713990$508,530$460,471$48,059
APPLICATION FEES900099$165,038$165,038

Miscellaneous Revenue MiscellaneousRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$996,117TotalRevenueColumnAmt
Unrelated Business Revenue$8,816UnrelatedBusinessRevenueAmt
Exclusion$987,301ExclusionAmt
FieldValueIRS element (for citing)
Other Revenue Total$2,534,583OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$251,324,663TotalRevenueColumnAmt
Related Or Exempt Func Income$165,299,642RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$748,623UnrelatedBusinessRevenueAmt
Exclusion$34,472,337ExclusionAmt
FieldValueIRS element (for citing)
Info In Schedule O Part IXYes (X)InfoInScheduleOPartIXInd

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$87,725TotalAmt
Program Services$87,725ProgramServicesAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$74,695,082TotalAmt
Program Services$74,695,082ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$3,730,230TotalAmt
Program Services$1,809,087ProgramServicesAmt
Management And General$1,921,143ManagementAndGeneralAmt

Comp Disqual Persons CompDisqualPersonsGrp

FieldValueIRS element (for citing)
Total$194,371TotalAmt
Program Services$194,371ProgramServicesAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$60,177,318TotalAmt
Program Services$50,640,179ProgramServicesAmt
Management And General$6,744,049ManagementAndGeneralAmt
Fundraising$2,793,090FundraisingAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$6,164,288TotalAmt
Program Services$5,105,553ProgramServicesAmt
Management And General$741,845ManagementAndGeneralAmt
Fundraising$316,890FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$10,601,440TotalAmt
Program Services$8,798,735ProgramServicesAmt
Management And General$1,271,195ManagementAndGeneralAmt
Fundraising$531,510FundraisingAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$4,966,461TotalAmt
Program Services$4,106,670ProgramServicesAmt
Management And General$639,409ManagementAndGeneralAmt
Fundraising$220,382FundraisingAmt

Fees For Services Management FeesForServicesManagementGrp

FieldValueIRS element (for citing)
Total$600,000TotalAmt
Program Services$600,000ProgramServicesAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$1,432,515TotalAmt
Program Services$873,690ProgramServicesAmt
Management And General$558,825ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$306,754TotalAmt
Management And General$306,754ManagementAndGeneralAmt

Fees For Services Lobbying FeesForServicesLobbyingGrp

FieldValueIRS element (for citing)
Total$1,690TotalAmt
Management And General$1,690ManagementAndGeneralAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

FieldValueIRS element (for citing)
Total$703,255TotalAmt
Management And General$703,255ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$6,204,080TotalAmt
Program Services$5,361,606ProgramServicesAmt
Management And General$833,544ManagementAndGeneralAmt
Fundraising$8,930FundraisingAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$365,622TotalAmt
Program Services$274,478ProgramServicesAmt
Management And General$38,632ManagementAndGeneralAmt
Fundraising$52,512FundraisingAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$4,307,749TotalAmt
Program Services$3,657,027ProgramServicesAmt
Management And General$319,270ManagementAndGeneralAmt
Fundraising$331,452FundraisingAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$4,005,520TotalAmt
Program Services$1,770,396ProgramServicesAmt
Management And General$2,028,898ManagementAndGeneralAmt
Fundraising$206,226FundraisingAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$14,501,133TotalAmt
Program Services$12,679,450ProgramServicesAmt
Management And General$1,715,352ManagementAndGeneralAmt
Fundraising$106,331FundraisingAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$3,033,792TotalAmt
Program Services$2,644,708ProgramServicesAmt
Management And General$256,222ManagementAndGeneralAmt
Fundraising$132,862FundraisingAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$2,211,044TotalAmt
Program Services$1,550,904ProgramServicesAmt
Management And General$200,686ManagementAndGeneralAmt
Fundraising$459,454FundraisingAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$8,244,245TotalAmt
Program Services$8,244,245ProgramServicesAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$12,488,259TotalAmt
Program Services$12,488,259ProgramServicesAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$2,395,443TotalAmt
Program Services$316,473ProgramServicesAmt
Management And General$2,078,970ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmtFundraisingFundraisingAmt
LIBRARY SUBSCRIPTIONS$2,327,152$2,327,152
STUDENT TERMS ABROAD$2,176,441$2,176,441
DUES & MEMBERSHIPS$527,092$325,925$195,821$5,346
STIPENDS & HONORARIUM$211,847$211,847

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$788,360TotalAmt
Program Services$593,442ProgramServicesAmt
Management And General$194,164ManagementAndGeneralAmt
Fundraising$754FundraisingAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$227,448,908TotalAmt
Program Services$201,533,445ProgramServicesAmt
Management And General$20,749,724ManagementAndGeneralAmt
Fundraising$5,165,739FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$74,831BOYAmt
EOY$22,926EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$158,312BOYAmt
EOY$37,575,922EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$55,287,976BOYAmt
EOY$77,594,982EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$7,049,870BOYAmt
EOY$4,107,068EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

FieldValueIRS element (for citing)
BOY$5,506,778BOYAmt
EOY$5,693,292EOYAmt

Inventories For Sale Or Use InventoriesForSaleOrUseGrp

FieldValueIRS element (for citing)
BOY$826,034BOYAmt
EOY$801,316EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$2,418,613BOYAmt
EOY$7,554,092EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$416,501,531LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$139,358,723LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$271,975,078BOYAmt
EOY$277,142,808EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$152,594,803BOYAmt
EOY$166,367,307EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

FieldValueIRS element (for citing)
BOY$396,139,871BOYAmt
EOY$398,679,401EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$25,913,571BOYAmt
EOY$10,198,316EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$917,945,737BOYAmt
EOY$985,737,430EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$20,941,618BOYAmt
EOY$16,600,820EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$2,629,676BOYAmt
EOY$4,271,860EOYAmt

Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$97,529,774BOYAmt
EOY$131,545,533EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

FieldValueIRS element (for citing)
BOY$70,975,371BOYAmt
EOY$49,527,403EOYAmt

Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp

FieldValueIRS element (for citing)
EOY$10,000,000EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$12,528,014BOYAmt
EOY$11,813,114EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$204,604,453BOYAmt
EOY$223,758,730EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$273,291,437BOYAmt
EOY$264,425,329EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$440,049,847BOYAmt
EOY$497,553,371EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$713,341,284BOYAmt
EOY$761,978,700EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$917,945,737BOYAmt
EOY$985,737,430EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part XIYes (X)InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss$23,875,755ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst$24,472,968NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets$288,693OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit RequiredYes (1)FederalGrantAuditRequiredInd
Federal Grant Audit PerformedYes (1)FederalGrantAuditPerformedInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
SchoolYes (X)SchoolInd

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$55,767,172CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$26,460,453CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$38,832,123CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$19,167,226CurrentTaxYearMinus1YearAmt
Current Tax Year$50,804,061CurrentTaxYearAmt
Total$191,031,035TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$55,767,172CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$26,460,453CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$38,832,123CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$19,167,226CurrentTaxYearMinus1YearAmt
Current Tax Year$50,804,061CurrentTaxYearAmt
Total$191,031,035TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$90,866,056SubstantialContributorsTotAmt
Public Support Total170$100,164,979PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$5,154,125CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$3,776,138CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$4,087,466CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$5,518,402CurrentTaxYearMinus1YearAmt
Current Tax Year$7,423,268CurrentTaxYearAmt
Total$25,959,399TotalAmt

Unrelated Business Net Incm170 UnrelatedBusinessNetIncm170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus2 Years$818,092CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$49,418CurrentTaxYearMinus1YearAmt
Current Tax Year$562,005CurrentTaxYearAmt
Total$1,429,515TotalAmt

Other Income170 OtherIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$1,913,308CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$1,482,412CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$2,616,656CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$2,274,227CurrentTaxYearMinus1YearAmt
Current Tax Year$2,490,627CurrentTaxYearAmt
Total$10,777,230TotalAmt
FieldValueIRS element (for citing)
Total Support$229,197,179TotalSupportAmt
Gross Receipts Rltd Activities$757,358,447GrossReceiptsRltdActivitiesAmt
Public Support CY1700.43700PublicSupportCY170Pct
Public Support PY1700.55850PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind

Form990 Schedule A Part VI Form990ScheduleAPartVIGrp

FieldValueIRS element (for citing)
Form And Line ReferenceSCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME:FormAndLineReferenceDesc
ExplanationSPECIAL EVENT INCOME - 2019 AMOUNT: $ 3,606. STUDENT ATHLETICS AND EVENTS - 2021 AMOUNT: $ 1,331,148. 2022 AMOUNT: $ 537,798. 2023 AMOUNT: $ 460,471. CONFERENCES - 2019 AMOUNT: $ 400,286. ANCILLARY STUDENT AMENITIES - 2021 AMOUNT: $ 454,289. 2022 AMOUNT: $ 702,859. MISCELLANEOUS REVENUE - 2019 AMOUNT: $ 1,509,416. 2020 AMOUNT: $ 1,482,412. 2021 AMOUNT: $ 618,789. 2022 AMOUNT: $ 819,510. 2023 AMOUNT: $ 987,301. APPLICATION FEES - 2021 AMOUNT: $ 212,430. 2022 AMOUNT: $ 208,407. 2023 AMOUNT: $ 165,038. GROSS INCOME FROM GAMING ACTIVITIES - 2022 AMOUNT: $ 5,653. 2023 AMOUNT: $ 12,919. INTER COLLEGE ATHELTICS - 2023 AMOUNT: $ 864,898.ExplanationTxt

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule C IRS990ScheduleC

FieldValueIRS element (for citing)
Volunteers0VolunteersInd
Paid Staff Or Management0PaidStaffOrManagementInd
Media Advertisements0MediaAdvertisementsInd
Mailings Members0MailingsMembersInd
Publications Or Broadcast0PublicationsOrBroadcastInd
Grants Other Organizations0GrantsOtherOrganizationsInd
Direct Contact Legislators0DirectContactLegislatorsInd
Rallies Demonstrations0RalliesDemonstrationsInd
Other ActivitiesYes (1)OtherActivitiesInd
Other Activities$1,690OtherActivitiesAmt
Total Lobbying Expenditures$1,690TotalLobbyingExpendituresAmt
Not Described Section501c30NotDescribedSection501c3Ind

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART II-B, LINE 1:FormAndLineReferenceDesc
ExplanationTHE COLLEGE IS A MEMBER OF NACUBO AND PAYS ANNUAL DUES TO RETAIN THAT MEMBERSHIP. $1,690 OF ITS ANNUAL MEMBERSHIP DUES WAS DEEMED TO BE NON-DEDUCTIBLE AS LOBBYING EXPENDITURES AND HAS BEEN INCLUDED ON SCHEDULE C, PART II-B, LINE 1(I).ExplanationTxt

Schedule D IRS990ScheduleD

Art Public Exhibition Amounts ArtPublicExhibitionAmountsGrp

FieldValueIRS element (for citing)
Assets Included$27,573,468AssetsIncludedAmt
FieldValueIRS element (for citing)
Collection Used Pub ExhibitionYes (X)CollectionUsedPubExhibitionInd
Coll Used Scholarly RsrchYes (X)CollUsedScholarlyRsrchInd
Collection Used PreservationYes (X)CollectionUsedPreservationInd

Collection Used Other Purposes CollectionUsedOtherPurposesGrp

FieldValueIRS element (for citing)
Collection Used Other PurposesYes (X)CollectionUsedOtherPurposesInd
Other PurposesEDUCATIONALOtherPurposesDesc
FieldValueIRS element (for citing)
Solicited Assets Sale0SolicitedAssetsSaleInd

CY Endwmt Fund CYEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$522,125,163BeginningYearBalanceAmt
Contributions$14,396,033ContributionsAmt
Investment Earnings Or Losses$57,500,690InvestmentEarningsOrLossesAmt
Grants Or Scholarships$25,559,702GrantsOrScholarshipsAmt
Other Expenditures$994,528OtherExpendituresAmt
End Year Balance$567,467,656EndYearBalanceAmt

CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$501,796,213BeginningYearBalanceAmt
Contributions$14,506,242ContributionsAmt
Investment Earnings Or Losses$33,360,875InvestmentEarningsOrLossesAmt
Grants Or Scholarships$26,319,458GrantsOrScholarshipsAmt
Other Expenditures$1,218,709OtherExpendituresAmt
End Year Balance$522,125,163EndYearBalanceAmt

CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$598,746,292BeginningYearBalanceAmt
Contributions$17,698,258ContributionsAmt
Investment Earnings Or Losses-$87,303,755InvestmentEarningsOrLossesAmt
Grants Or Scholarships$25,929,717GrantsOrScholarshipsAmt
Other Expenditures$1,414,865OtherExpendituresAmt
End Year Balance$501,796,213EndYearBalanceAmt

CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$478,019,726BeginningYearBalanceAmt
Contributions$16,761,010ContributionsAmt
Investment Earnings Or Losses$128,897,291InvestmentEarningsOrLossesAmt
Grants Or Scholarships$8,027,952GrantsOrScholarshipsAmt
Other Expenditures$16,903,783OtherExpendituresAmt
End Year Balance$598,746,292EndYearBalanceAmt

CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$470,309,116BeginningYearBalanceAmt
Contributions$9,611,876ContributionsAmt
Investment Earnings Or Losses$21,033,478InvestmentEarningsOrLossesAmt
Grants Or Scholarships$6,050,367GrantsOrScholarshipsAmt
Other Expenditures$16,884,377OtherExpendituresAmt
End Year Balance$478,019,726EndYearBalanceAmt
FieldValueIRS element (for citing)
Board Designated Balance EOY0.27470BoardDesignatedBalanceEOYPct
Prmnnt Endowment Balance EOY0.30150PrmnntEndowmentBalanceEOYPct
Term Endowment Balance EOY0.42380TermEndowmentBalanceEOYPct
Endowments Held Unrelated OrgYes (1)EndowmentsHeldUnrelatedOrgInd
Endowments Held Related Org0EndowmentsHeldRelatedOrgInd

Land LandGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$101OtherCostOrOtherBasisAmt
Book Value$101BookValueAmt

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$137,895,885OtherCostOrOtherBasisAmt
Depreciation$78,226,624DepreciationAmt
Book Value$59,669,260BookValueAmt

Leasehold Improvements LeaseholdImprovementsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$211,619,759OtherCostOrOtherBasisAmt
Depreciation$42,682,626DepreciationAmt
Book Value$168,937,134BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$28,029,085OtherCostOrOtherBasisAmt
Depreciation$14,266,929DepreciationAmt
Book Value$13,762,157BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$38,956,701OtherCostOrOtherBasisAmt
Depreciation$4,182,544DepreciationAmt
Book Value$34,774,156BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$277,142,808TotalBookValueLandBuildingsAmt

Other Securities OtherSecuritiesGrp (8 entries)

DescDescBook ValueBookValueAmtMethod ValuationMethodValuationCd
PRIVATE EQUITY AND VENTURE CAPITAL$90,448,847F
HEDGED EQUITY FUNDS$77,341,304F
GLOBAL EQUITY$97,040,292F
INTERNATIONAL EQUITY$18,967,032F
MULTISTRATEGY FUNDS$36,886,611F
REAL ASSETS$38,087,803F
EMERGING MARKETS FUNDS$18,037,284F
RECEIVABLE FOR INVESTMENTS SOLD$21,870,228F
FieldValueIRS element (for citing)
Total Book Value Securities$398,679,401TotalBookValueSecuritiesAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (5 entries)

DescDescAmtAmt
ACCRUED POSTRETIREMENT BENEFITS$6,373,168
POOLED INCOME & CHAR. GIFT PAYABLE$3,813,966
REFUNDABLE FEDERAL STUDENT LOAN FUNDS$39,763
ASSET RETIREMENT OBLIGATIONS$1,146,990
OPERATING LEASE OBLIGATION$439,227
FieldValueIRS element (for citing)
Total Liability$11,813,114TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$201,920,937TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst$24,472,968NetUnrealizedGainsInvstAmt
Other Revenue$288,693OtherRevenueAmt
Revenue Not Reported$24,761,661RevenueNotReportedAmt
Revenue Subtotal$177,159,276RevenueSubtotalAmt
Investment Expenses Not Incld$703,255InvestmentExpensesNotIncldAmt
Other Revenues Not Included$73,462,132OtherRevenuesNotIncludedAmt
Revenue Not Reported Fincl Stmt$74,165,387RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$251,324,663TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$153,283,521TotExpnsEtcAuditedFinclStmtAmt
Other Expenses Included$1,207,950OtherExpensesIncludedAmt
Expenses Not Reported$1,207,950ExpensesNotReportedAmt
Expenses Subtotal$152,075,571ExpensesSubtotalAmt
Investment Expenses Not Incld2$703,255InvestmentExpensesNotIncld2Amt
Other Expenses Not Included$74,670,082OtherExpensesNotIncludedAmt
Expenses Not Rpt Fincl Stmt$75,373,337ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$227,448,908TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (8 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART III, LINE 1A:AUDITED FINANCIAL STATEMENTS FOOTNOTE FOR ART, TREASURES, ETC. THE COLLEGE'S COLLECTIONS ARE HELD FOR EDUCATIONAL, RESEARCH, SCIENTIFIC, AND CURATORIAL PURPOSES. EACH OF THE ITEMS IS CATALOGUED, PRESERVED, AND CARED FOR, AND ACTIVITIES VERIFYING THEIR EXISTENCE AND ASSESSING THEIR CONDITION ARE PERFORMED PERIODICALLY. ALL PROCEEDS RESULTING FROM THE DEACCESSION OF OBJECTS FROM THE PERMANENT COLLECTION ARE ALLOCATED FOR THE BENEFIT OF THE COLLECTIONS. DURING THE YEARS ENDED JUNE 30, 2024 AND 2023, NO OBJECTS WERE DEACCESSIONED.
PART III, LINE 4:DESCRIPTION OF ORGANIZATION COLLECTIONS & HOW IT FURTHERS EXEMPT PURPOSE THE COLLEGE'S COLLECTIONS ARE MADE UP OF APPROXIMATELY 36,500 OBJECTS AND THEIR ESTIMATED FAIR VALUE IS APPROXIMATELY $27,573,468. THE COLLEGE'S POLICY IS NOT TO CAPITALIZE ITS COLLECTIONS. THE COLLEGE'S COLLECTIONS COMPRISE OF PAINTINGS AND PORTRAITS, FURNITURE, WORKS ON PAPER, SCIENTIFIC INSTRUMENTATION, AND OTHER OBJECTS.
PART V, LINE 4:INTENDED USES OF ENDOWMENT FUND THE COLLEGE'S ENDOWMENT FUNDS ARE RESERVED TO FUND STUDENT SCHOLARSHIPS AND OTHER EDUCATIONAL PROGRAMS IN ACCORDANCE WITH DONOR INTENTIONS.
PART X, LINE 2:FIN 48 FOOTNOTE THE COLLEGE IS A NOT-FOR-PROFIT ORGANIZATION AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS GENERALLY EXEMPT FROM INCOME TAX ON RELATED INCOME. THE COLLEGE RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT OF BEING SUSTAINED BY THE RELEVANT TAX AUTHORITY. CHANGES IN RECOGNITION OR MEASUREMENT ARE REFLECTED IN THE PERIOD IN WHICH THE CHANGE IN JUDGMENT OCCURS. THE COLLEGE BELIEVES IT HAS TAKEN NO SIGNIFICANT UNCERTAIN TAX POSITIONS.
PART XI, LINE 2D - OTHER ADJUSTMENTS:CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS 208,619. POSTRETIREMENT BENEFITS 317,015. LOSS ON DEFEASANCE OF DEBT -236,941.
PART XI, LINE 4B - OTHER ADJUSTMENTS:COSTS OF GOODS SOLD -1,207,950. RECLASS OF SCHOLARSHIP EXPENSES 74,670,082.
PART XII, LINE 2D - OTHER ADJUSTMENTS:COSTS OF GOODS SOLD 1,207,950.
PART XII, LINE 4B - OTHER ADJUSTMENTS:RECLASS OF SCHOLARSHIP EXPENSES 74,670,082.

Schedule E IRS990ScheduleE

FieldValueIRS element (for citing)
Nondiscriminatory Policy StmtYes (1)NondiscriminatoryPolicyStmtInd
Policy Stmt In Brochures EtcYes (1)PolicyStmtInBrochuresEtcInd
Plcy Pblczd Via Broadcast MediaYes (1)PlcyPblczdViaBroadcastMediaInd
Maintain Racial Comp RecsYes (1)MaintainRacialCompRecsInd
Maintain Scholarships RecsYes (1)MaintainScholarshipsRecsInd
Maintain Cpy Of Brochures EtcYes (1)MaintainCpyOfBrochuresEtcInd
Maintain Cpy Of All SolYes (1)MaintainCpyOfAllSolInd
Discriminate Race Stdnts Rghts0DiscriminateRaceStdntsRghtsInd
Discriminate Race Admiss Plcy0DiscriminateRaceAdmissPlcyInd
Discriminate Race Emplm Fculty0DiscriminateRaceEmplmFcultyInd
Discriminate Race Schs0DiscriminateRaceSchsInd
Discriminate Race Educ Plcy0DiscriminateRaceEducPlcyInd
Discriminate Race Use Of Fclts0DiscriminateRaceUseOfFcltsInd
Discriminate Race Athlt Prog0DiscriminateRaceAthltProgInd
Discriminate Race Other Acty0DiscriminateRaceOtherActyInd
Government Financial Aid RcvdYes (1)GovernmentFinancialAidRcvdInd
Government Financial Aid Rvkd0GovernmentFinancialAidRvkdInd
Compliance With Rev Proc7550Yes (1)ComplianceWithRevProc7550Ind

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
SCHEDULE E, PART I, LINE 3RACIALLY NONDISCRIMINATORY POLICY PUBLICIZED THE COLLEGE'S RACIALLY NONDISCRIMINATORY POLICY IS PUBLICIZED THROUGH AREA NEWSPAPERS, IN STUDENT HANDBOOKS, AND ON THE COLLEGE'S WEBSITE. UNION COLLEGE DOES NOT DISCRIMINATE ON THE BASIS OF RACE, COLOR, SEXUAL ORIENTATION, NATIONAL OR ETHNIC ORIGIN TO ALL THE RIGHTS, PRIVILEGES, PROGRAMS, AND ACTIVITIES GENERALLY ACCORDED OR MADE AVAILABLE TO STUDENTS. THIS POLICY EXTENDS TO THE ADMINISTRATION OF THEIR EDUCATIONAL POLICIES, ADMISSIONS POLICIES, SCHOLARSHIP AND LOAN PROGRAMS AND ATHLETIC AND OTHER SCHOOL-ADMINISTERED PROGRAMS.
LINE 6 - EXPLANATION OF GOVERNMENT FINANCIAL AID:THE ORGANIZATION HAS RECEIVED THE FOLLOWING FINANCIAL AID OR ASSISTANCE FROM A GOVERNMENTAL AGENCY: 1. FEDERAL CAMPUS-BASED AID, WHICH INCLUDES FEDERAL WORK-STUDY AND SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANTS, FROM THE U.S. DEPARTMENT OF EDUCATION. 2. NSF-STEM SCHOLARSHIPS WHICH ARE FUNDED BY THE FEDERAL GOVERNMENT. 3. TAP AWARDS, NYS MERIT SCHOLARSHIPS, TUITION/MAINTENANCE GRANTS RECEIVED FROM NYS FOR THE HEOP PROGRAM, NYS AIM SCHOLARSHIP, NYS VETERAN'S SCHOLARSHIP, NYS FOSTER INITIATIVE, NYS STEM INCENTIVE PROGRAM, NYS WORLD TRADE SCHOLARSHIP AND BUNDY AID. 4. ROTC-FEDERAL FUNDING WHICH COVERS A PORTION OF EDUCATIONAL EXPENSES FOR THE RECIPIENTS.

Schedule F IRS990ScheduleF

FieldValueIRS element (for citing)
Grant Records MaintainedYes (1)GrantRecordsMaintainedInd

Account Activities Outside US AccountActivitiesOutsideUSGrp (28 entries)

RegionRegionTxtOfficesOfficesCntEmployeeEmployeeCntType Of Activities ConductedTypeOfActivitiesConductedTxtRegion Total ExpendituresRegionTotalExpendituresAmtSpecific Services ProvidedSpecificServicesProvidedTxt
CENTRAL AMERICA AND THE CARIBBEAN00INVESTMENTS$152,333,790
EUROPE (INCLUDING ICELAND & GREENLAND)00INVESTMENTS$27,194,293
NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES00INVESTMENTS$4,096,086
CENTRAL AMERICA & THE CARIBBEAN00PROGRAM SERVICES$469RESEARCH
EAST ASIA & THE PACIFIC00PROGRAM SERVICES$407CONFERENCES
EAST ASIA & THE PACIFIC00PROGRAM SERVICES$2,659RESEARCH
EAST ASIA & THE PACIFIC00PROGRAM SERVICES$1,126STUDENT RECRUITMENT
EAST ASIA & THE PACIFIC00PROGRAM SERVICES$39,566STUDY ABROAD
EAST ASIA & THE PACIFIC00PROGRAM SERVICES$1SUBSCRIPTIONS
EAST ASIA & THE PACIFIC00PROGRAM SERVICES$455EDUCATIONAL ACTIVITY
EUROPE00PROGRAM SERVICES$5,528CONFERENCES
EUROPE00PROGRAM SERVICES$16,824RESEARCH
EUROPE00PROGRAM SERVICES$7,727STUDENT RECRUITMENT
EUROPE00PROGRAM SERVICES$1,740SUBSCRIPTIONS
EUROPE00PROGRAM SERVICES$95,079STUDY ABROAD
EUROPE00PROGRAM SERVICES$4,794EDUCATIONAL ACTIVITY
EUROPE00PROGRAM SERVICES$5,096RECRUITING/ATHLETICS
NORTH AMERICA00PROGRAM SERVICES$1,486CONFERENCES
NORTH AMERICA00PROGRAM SERVICES$22MEMBERSHIPS
NORTH AMERICA00PROGRAM SERVICES$6,137RESEARCH
NORTH AMERICA00PROGRAM SERVICES$73STUDY ABROAD
NORTH AMERICA00PROGRAM SERVICES$1,066STUDENT RECRUITMENT
NORTH AMERICA00PROGRAM SERVICES$424EDUCATIONAL ACTIVITY
NORTH AMERICA00PROGRAM SERVICES$30,423RECRUITING/ATHLETICS
SOUTH AMERICA00PROGRAM SERVICES$2,636RESEARCH
SOUTH AMERICA00PROGRAM SERVICES$13CONFERENCES
SOUTH AMERICA00PROGRAM SERVICES$26,229STUDY ABROAD
SOUTH AMERICA00PROGRAM SERVICES$1,574EDUCATIONAL ACTIVITY
FieldValueIRS element (for citing)
Subtotal Offices0SubtotalOfficesCnt
Subtotal Employees0SubtotalEmployeesCnt
Continuation Total Office0ContinuationTotalOfficeCnt
Continuation Total Employee0ContinuationTotalEmployeeCnt
Total Office0TotalOfficeCnt
Total Employee0TotalEmployeeCnt
Subtotal Spent$183,668,396SubtotalSpentAmt
Continuation Spent$207,327ContinuationSpentAmt
Total Spent$183,875,723TotalSpentAmt
Transfer To Foreign CorpYes (1)TransferToForeignCorpInd
Interest In Foreign Trust0InterestInForeignTrustInd
Foreign Corp OwnershipYes (1)ForeignCorpOwnershipInd
Passive Foreign Investmest CoYes (1)PassiveForeignInvestmestCoInd
Foreign PartnershipYes (1)ForeignPartnershipInd
Boycott Countries0BoycottCountriesInd

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART I, LINE 2:EXPLANATION FOR MONITORING USE OF FUNDS OUTSIDE U.S. TERMS ABROAD SCHOLARSHIPS ARE AWARDED BY UNION'S TERMS ABROAD OFFICE TO STUDENTS SCHEDULED TO STUDY ABROAD BASED ON FINANCIAL NEED AND CRITERIA ESTABLISHED BY THE DONOR. THE STUDENT RECEIVING THE AWARD UNDERSTANDS THAT THE FUNDS MUST BE RETURNED TO UNION IF THE STUDENT DOES NOT TRAVEL ABROAD. THE AWARD IS GENERALLY USED FOR THE STUDENT'S TRAVEL EXPENSES, WHICH ARE NOT COVERED BY UNION COLLEGE. UPON HIS/HER RETURN, THE STUDENT IS URGED TO WRITE A PERSONAL NOTE OF THANKS TO THE DONOR DESCRIBING THEIR TERMS ABROAD EXPERIENCE.
PART IV, FOREIGN FORMS:THE COLLEGE INVESTS IN DOMESTIC AND FOREIGN INVESTMENT VEHICLES THAT MAY OWN AN INTEREST IN A FOREIGN CORPORATION, PASSIVE FOREIGN INVESTMENT COMPANY, OR FOREIGN PARTNERSHIP. NEVERTHELESS, THE COLLEGE'S INVESTMENT ACTIVITIES MAY NOT REACH THE THRESHOLDS REQUIRED FOR FILING THE FORMS 926, 5471, 8621 OR 8865. TO THE EXTENT SUCH A FORM WAS COMPLETED, IT HAS BEEN FILED WITH THE COLLEGE'S FORM 990-T. A PORTION OF UNION COLLEGE'S ENDOWMENT IS INVESTED IN FUNDS THAT ARE DOMICILED IN OFFSHORE LOCATIONS PROVIDING OPPORTUNITIES FOR TAX-ADVANTAGED NET RETURNS TO THE ENDOWMENT.

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedYes (1)GrantRecordsMaintainedInd

Recipient Table RecipientTable

Recipient Business Name RecipientBusinessName

FieldValueIRS element (for citing)
Business Name Line1ALUMNI COUNCIL OF UNION COLLEGEBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line1807 UNION STREETAddressLine1Txt
CitySCHENECTADYCityNm
State AbbreviationNYStateAbbreviationCd
ZIP12308ZIPCd
FieldValueIRS element (for citing)
Recipient EIN146019466RecipientEIN
IRC Section501(C)(3)IRCSectionDesc
Cash Grant$87,725CashGrantAmt
Non Cash Assistance$0NonCashAssistanceAmt
Purpose Of GrantTO COVER EVENTS AND EXPENSESPurposeOfGrantTxt
FieldValueIRS element (for citing)
Total501c3 Org1Total501c3OrgCnt
Total Other Org0TotalOtherOrgCnt

Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp (6 entries)

Grant TypeGrantTypeTxtRecipientRecipientCntCash GrantCashGrantAmtNon Cash AssistanceNonCashAssistanceAmt
HIGHER EDUCATION OPPORTUNITY PROGRAM62$641,709$0
UNION COLLEGE GENERAL SCHOLARSHIPS1910$61,357,022$0
ENDOWED SCHOLARSHIPS699$9,111,480$0
ANNUAL RESTRICTED SCHOLARSHIPS169$2,022,828$0
WORK STUDY749$1,155,463$0
SUPPLEMENTAL EDUCATION OPP. GRANT302$406,581$0

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART I, LINE 2:FormAndLineReferenceDesc
ExplanationALL GRANTS AWARDED ARE BASED ON NEED AND CONFORM TO FEDERAL, STATE AND INSTITUTIONAL REGULATIONS. ELIGIBILITY IS BASED ON A THOROUGH REVIEW AND VERIFICATION OF A FAMILY'S INCOME, ASSETS, SIZE AND NUMBER OF DEPENDENTS ENROLLED IN COLLEGE. ANNUAL EXPENDITURE REPORTS ARE SUBMITTED TO THE FEDERAL AND STATE GOVERNMENTS FOR REVIEW. THE FUND EXPENDITURES ARE REVIEWED FOR COMPLIANCE IN AN ANNUAL AUDIT CONDUCTED BY AN INDEPENDENT ACCOUNTING FIRM. THE COLLEGE DOES NOT FURTHER MONITOR THE USAGE OF SCHOLARSHIP FUNDS AS THESE AMOUNTS ARE CREDITED DIRECTLY AGAINST STUDENTS TUITION ACCOUNT AND THERE IS NO OPPORTUNITY FOR THE STUDENT TO DIVERT THESE FUNDS TO NON-EDUCATIONAL USES. IN ADDITION TO ITS SCHOLARSHIP PROGRAMS, THE COLLEGE MAKES ONE GRANT TO THE ALUMNI COUNCIL OF UNION COLLEGE, INC. (WHICH WAS FORMED TO PROVIDE STRUCTURE FOR THE ALUMNI OF THE COLLEGE TO PARTICIPATE IN AND ADVANCE THE INTEREST OF THE COLLEGE). THE COLLEGE PROVIDED SUPPORT FOR VARIOUS COUNCIL EVENTS IN FISCAL 2024 AND REQUIRED NO FURTHER MONITORING ON THE USAGE OF THE FUNDS.ExplanationTxt

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Housing Allowance Or ResidenceYes (X)HousingAllowanceOrResidenceInd
Club Dues Or FeesYes (X)ClubDuesOrFeesInd
Written Policy Ref T And E ExpnssYes (1)WrittenPolicyRefTAndEExpnssInd
Substantiation RequiredYes (1)SubstantiationRequiredInd
Compensation CommitteeYes (X)CompensationCommitteeInd
Compensation SurveyYes (X)CompensationSurveyInd
Board Or Committee ApprovalYes (X)BoardOrCommitteeApprovalInd
Severance Payment0SeverancePaymentInd
Supplemental Nonqual Rtr PlanYes (1)SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm0EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org0CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs0CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng Org0CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs0CompBsdNetEarnsRltdOrgsInd
Any Non Fixed PaymentsYes (1)AnyNonFixedPaymentsInd
Initial Contract Exception0InitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (17 entries)

TitleTitleTxtBase Compensation Filing OrgBaseCompensationFilingOrgAmtCompensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmtBonus Filing OrganizationBonusFilingOrganizationAmountBonus Related OrganizationsBonusRelatedOrganizationsAmtOther Compensation Filing OrgOtherCompensationFilingOrgAmtOther Compensation Rltd OrgsOtherCompensationRltdOrgsAmtDeferred Compensation Flng OrgDeferredCompensationFlngOrgAmtDeferred Comp Rltd OrgsDeferredCompRltdOrgsAmtNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmtNontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmtTotal Compensation Filing OrgTotalCompensationFilingOrgAmtTotal Compensation Rltd OrgsTotalCompensationRltdOrgsAmtComp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmtComp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
DAVID R HARRIS VOTING
PRESIDENT/TRUSTEE EX OFFICO$683,889$0$35,750$0$62,956$0$78,650$0$36,616$0$897,861$0$0$0
MICHELLE ANGRIST
VP ACADEMIC AFFAIRS/DEAN FACULTY$266,830$0$0$0$552$0$30,704$0$70,611$0$368,697$0$0$0
SCOTT JONES
VP FOR ADMINISTRATION & FINANCE$279,134$0$0$0$1,032$0$32,230$0$38,797$0$351,193$0$0$0
MATTHEW MALATESTA
VP FOR ADMISSIONS, FA & ENROLLMENT$221,080$0$0$0$6,307$0$25,724$0$70,154$0$323,265$0$0$0
JAMES MCLAUGHLIN
DIRECTOR OF ATHLETICS$205,326$0$0$0$1,836$0$24,014$0$68,561$0$299,737$0$0$0
ANNETTE DIORIO
VP STUD AFF & DEAN STUDENTS$219,358$0$25,000$0$2,064$0$26,153$0$23,316$0$295,891$0$0$0
ELLEN YU
CHIEF INFORMATION OFFICER$201,234$0$3,000$0$807$0$23,050$0$54,387$0$282,478$0$0$0
MARK LAND
VP FOR COMMUNICATION AND MARKETING$222,870$0$0$0$5,007$0$25,875$0$26,134$0$279,886$0$0$0
JOSHUA J HAUGE
MEN'S HOCKEY COACH$216,428$0$0$0$210$0$25,121$0$37,661$0$279,420$0$0$0
MAURA MACK HISGEN - INTERIM
VP FOR COLLEGE RELATIONS/ASST. SEC.$231,289$0$0$0$663$0$22,813$0$21,161$0$275,926$0$0$0
SCOTT RAVA
ASST. VP & CAMPAIGN DIRECTOR$184,595$0$0$0$1,130$0$19,866$0$46,238$0$251,829$0$0$0
ASHRAF GHALY
CARL B JANSEN PROF OF ENGINEERING$189,335$0$0$0$937$0$18,699$0$34,826$0$243,797$0$0$0
DARCY CZAJKA
VP AND CHIEF OF STAFF$183,853$0$0$0$350$0$20,527$0$7,659$0$212,389$0$0$0
BLAIR RAYMOND
ASST. SECRETARY$112,878$0$0$0$1,586$0$13,916$0$68,688$0$197,068$0$0$0
JENNIFER CURREY
FACULTY TRUSTEE (AS OF 05/2024)$138,356$0$0$0$770$0$13,487$0$34,719$0$187,332$0$0$0
SARAH FARSAD
REGISTRAR$115,106$0$500$0$858$0$12,075$0$35,571$0$164,110$0$0$0
CHAD ORZEL
FACULTY TRUSTEE (THRU 05/2024)$105,567$0$0$0$1,117$0$12,700$0$33,721$0$153,105$0$0$0

Supplemental Information Detail SupplementalInformationDetail (4 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART I, LINE 1ARELEVANT INFORMATION REGARDING COMPENSATION BENEFITS LINE 1 - HOUSING ALLOWANCE THE PRESIDENT, DAVID HARRIS, UNDER THE TERMS OF HIS EMPLOYMENT AGREEMENT, RECEIVES A HOUSING ALLOWANCE IN THE FORM OF A CASH PAYMENT, WHICH IS REPORTED AS TAXABLE INCOME ON HIS W-2. THE BOARD OF TRUSTEES APPROVED THE NATURE AND AMOUNT OF THE HOUSING ALLOWANCE. THE COLLEGE REQUIRES THE VICE PRESIDENT FOR STUDENT AFFAIRS AND DEAN OF STUDENTS, FRAN'CEE BROWN-MCCLURE, TO RESIDE ON CAMPUS AS A CONDITION OF HER EMPLOYMENT FOR THE BENEFIT OF THE COLLEGE, AND COLLEGE-OWNED HOUSING IS PROVIDED FOR HER. THE VALUE OF THE EMPLOYER PROVIDED HOUSING IS DEEMED TO BE NON-TAXABLE AND NOT INCLUDED IN HER FORM W-2 AS RESIDENCE ON CAMPUS IS A NECESSARY CONDITION OF EMPLOYMENT. LINE 1 - HEALTH OR SOCIAL CLUB DUES OR INITIATION FEES AS PART OF PRESIDENT DAVID HARRIS'S EMPLOYMENT CONTRACT, THE COLLEGE PAYS FOR TWO CLUB MEMBERSHIPS; THE FIRST IS TO THE MOHAWK GOLF CLUB IN SCHENECTADY AND THE OTHER MEMBERSHIP IS TO THE UNIVERSITY CLUB IN NEW YORK CITY. THE PRESIDENT UTILIZES THE SOCIAL CLUBS FOR BUSINESS PURPOSES.
PART I, LINE 4BSUPPLEMENTAL RETIREMENT PLAN: CURRENT PRESIDENT, DAVID HARRIS, PARTICIPATES IN THE COLLEGE'S SECTION 457(F) NONQUALIFIED SUPPLEMENTAL RETIREMENT PLAN WHICH IS SUBJECT TO A SUBSTANTIAL RISK OF FORFEITURE. THE COLLEGE CONTRIBUTED $42,349 TO PRESIDENT HARRIS' 457(F) PLAN; THIS AMOUNT IS REPORTED IN SCHEDULE J, PART II, COLUMN (C).
PART I, LINE 7THE COLLEGE PROVIDED NON-FIXED DISCRETIONARY BONUSES TO CERTAIN EMPLOYEES WHO MET PERFORMANCE BASED GOALS IN CALENDAR YEAR 2023. BONUSES FOR THESE EMPLOYEES ARE DETERMINED AND APPROVED BY AN EXECUTIVE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES.
PART II, COLUMN D - NONTAXABLE BENEFITS:AS PERMITTED UNDER SECTION 117 OF THE INTERNAL REVENUE CODE, THE COLLEGE (AS AN ELIGIBLE EDUCATIONAL INSTITUTION) PROVIDES FREE OR REDUCED TUITION TO ITS EMPLOYEES, AND THEIR DEPENDENTS, ON A NON-TAXABLE BASIS. THE VALUE OF THIS TUITION ASSISTANCE IS INCLUDED SCHEDULE J, PART II, COLUMN (B)(III) FOR THE FOLLOWING EMPLOYEES REPORTED IN THE FORM 990: - MICHELLE ANGRIST, VP OF ACADEMIC AFFAIRS - MATTHEW MALATESTA, VP FOR ADMISSIONS - JAMES MCLAUGHLIN, DIRECTOR OF ATHLETICS - ELLEN YU, CHIEF INFORMATION OFFICER - SCOTT RAVA, ASST. VP & CAMPAIGN DIRECTOR - BLAIR RAYMOND - ASST. SECRETARY

Schedule K IRS990ScheduleK

Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp (3 entries)

Bond ReferenceBondReferenceCdBond Issuer EINBondIssuerEINCUSIPCUSIPNumBond IssuedBondIssuedDtIssue PriceIssuePriceAmtPurposePurposeDescDefeasedDefeasedIndOn Behalf Of IssuerOnBehalfOfIssuerIndPool FinancingPoolFinancingInd
SCHENECTADY COUNTY CAPITAL RESOURCE CORPORATION
A273478847806418BC22017-04-20$74,702,514REFINANCE, S&E CONSTRUCTION000
SCHENECTADY COUNTY CAPITAL RESOURCE CORPORATION
B273478847806418BF52022-06-09$36,139,936REFUND 2012 BOND & BUILDING RENOVATIONS000
SCHENECTADY COUNTY CAPITAL RESOURCE CORPORATION
C273478847806418BF62024-06-27$25,312,615CAPITAL IMPROVEMENTS000

Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp (3 entries)

Bond ReferenceBondReferenceCdRetiredRetiredAmtTotal ProceedsTotalProceedsAmtIssuance Costs From ProceedsIssuanceCostsFromProceedsAmtCapital ExpendituresCapitalExpendituresAmtOther Spent ProceedsOtherSpentProceedsAmtSubstantial CompletionSubstantialCompletionYrRefunding Tax Exempt BondsRefundingTaxExemptBondsIndRefunding Taxable BondsRefundingTaxableBondsIndFinal Allocation MadeFinalAllocationMadeIndAdequate Books And Rec MaintAdequateBooksAndRecMaintIndUnspentUnspentAmt
A$33,867,514$74,702,514$1,027,950$58,191,675$15,482,8892020Yes (1)0Yes (1)Yes (1)
B$3,654,936$36,139,936$533,044$15,685,892$19,921,000Yes (1)00Yes (1)
C$3,257,615$25,312,615$267,642$19,940,116$116,5030Yes (1)0Yes (1)$4,988,354

Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp (3 entries)

Bond ReferenceBondReferenceCdOwning Bond Financed PropertyOwningBondFinancedPropertyIndAny Lease ArrangementsAnyLeaseArrangementsIndMgmt Contract Bond Fincd PropMgmtContractBondFincdPropIndAny Research AgreementsAnyResearchAgreementsIndBond Iss Meet Prvt Sec Pymt TestBondIssMeetPrvtSecPymtTestIndChange In Use Bond Financed PropChangeInUseBondFinancedPropIndProcs Nonqualified Bond RemdtdProcsNonqualifiedBondRemdtdInd
A000000Yes (1)
B000000Yes (1)
C000000Yes (1)

Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp (3 entries)

Bond ReferenceBondReferenceCdForm8038 T FiledForm8038TFiledIndRebate Not Due YetRebateNotDueYetIndException To RebateExceptionToRebateIndNo Rebate DueNoRebateDueIndVariable Rate IssueVariableRateIssueIndHedge Identified In Bks And RecHedgeIdentifiedInBksAndRecIndGross Proceeds Invested In GICGrossProceedsInvestedInGICIndGross Proceeds InvestedGrossProceedsInvestedIndWritten Proc To Monitor ReqsWrittenProcToMonitorReqsInd
A000Yes (1)0000Yes (1)
B000Yes (1)0000Yes (1)
C0Yes (1)000000Yes (1)

Procedures Corrective Action ProceduresCorrectiveActionGrp (3 entries)

Bond ReferenceBondReferenceCdProcedures Corrective ActionProceduresCorrectiveActionInd
AYes (1)
BYes (1)
CYes (1)

Supplemental Information Detail SupplementalInformationDetail (4 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
DATE REBATE COMPUTATION PERFORMEDISSUER NAME: SCHENECTADY COUNTY CAPITAL RESOURCE CORPORATION DATE THE REBATE COMPUTATION WAS PERFORMED: 04/06/2022 ISSUER NAME: SCHENECTADY COUNTY CAPITAL RESOURCE CORPORATION DATE THE REBATE COMPUTATION WAS PERFORMED: 08/21/2024
SCHEDULE K, PART VI, SUPPLEMENTAL INFORMATION:IN APRIL 2017, THE COLLEGE BORROWED $74,702,514 THROUGH THE SCHENECTADY COUNTY CAPITAL RESOURCE CORPORATION, UTILIZING A TAX-EXEMPT REVENUE BOND. $50,000,000 OF THE DEBT WILL BE USED TOWARD THE FINANCING OF THE RENOVATION/CONSTRUCTION OF THE SCIENCE AND ENGINEERING CENTER. $15,300,000 WAS USED TO REFUND SERIES 2010 BONDS. THE REMAINING AMOUNT OF THE DEBT PROCEEDS WAS USED TO FUND THE CAPITALIZED INTEREST FUND IN THE AMOUNT OF $7,900,000, AS WELL AS COSTS OF ISSUANCE. THE FINAL MATURITY OF THE BOND WILL BE JANUARY 1, 2047. THE BONDS WERE ISSUED AT A PREMIUM OF APPROXIMATELY $10,000,000. THIS BOND WAS PARTIALLY REFUNDED IN JUNE 2024 IN CONNECTION WITH THE $24,880,000 BOND ISSUANCE. IN JUNE 2022, THE COLLEGE BORROWED $32,485,000 THROUGH THE SCHENECTADY COUNTY CAPITAL RESOURCE CORPORATION, UTILIZING A TAX-EXEMPT REVENUE BOND. $19,921,000 OF THE DEBT WILL BE USED FOR THE PROJECT COSTS OF VARIOUS BUILDING RENOVATION AND DEFERRED MAINTENANCE. APPROXIMATELY 15,558,000 WAS USED TO REFUND THE SERIES 2012 BONDS, WHICH INCLUDED THE OUTSTANDING PRINCIPAL BALANCE AND ACCRUED INTEREST. THE REMAINING AMOUNT OF THE DEBT PROCEEDS WAS USED FOR COSTS OF ISSUANCE. THE FINAL MATURITY OF THE BOND WILL BE JULY 1, 2052. THE BONDS WERE ISSUED AT A PREMIUM OF APPROXIMATELY $3,655,000. IN JUNE 2024, THE COLLEGE BORROWED $22,055,000 THROUGH THE SCHENECTADY COUNTY CAPITAL RESOURCE CORPORATION, UTILIZING A TAX-EXEMPT REVENUE BOND. $5,000,000 OF THE DEBT WILL BE USED TO FINANCE CERTAIN CAPITAL IMPROVEMENT PROJECTS ON THE COLLEGE'S CAMPUS AND CERTAIN FUTURE LEASE PAYMENTS WITH RESPECT TO THE MOHAWK HARBOR HOCKEY ARENA. APPROXIMATELY, $19,928,000 OF THE TAX-EXEMPT DEBT WAS USED TO REFUND THE SERIES 2015A BONDS, WHICH INCLUDED OUTSTANDING PRINCIPAL BALANCE AND ACCRUED INTEREST. THE REMAINING AMOUNT OF THE DEBT PROCEEDS WAS USED FOR COST OF ISSUANCE. THE FINAL MATURITY OF THE BOND WILL BE JULY 1, 2038. THE BONDS WERE ISSUED AT A PREMIUM OF APPROXIMATELY $3,258,000. SCHEDULE K, PART II, COLUMN C, LINE 11: OTHER SPENT PROCEEDS REFLECT $113,914 OF AN UNDERWRITER'S DISCOUNT AND $2,589 OF ADDITIONAL CASH PROCEEDS NOT IDENTIFIED ELSEWHERE ON THE SCHEDULE K.
SCHEDULE K, PART IV, LINE 2(C), 2017 BOND:THE COLLEGE COMMISSIONED AN ARBITRAGE REBATE CALCULATION ON ITS SERIES 2017 REVENUE BOND ON APRIL 26, 2022. THE REPORT CONCLUDED THAT NO REBATE WAS DUE FOR THIS ISSUE. SCHEDULE K, PART IV, LINE 2(C), 2022 BOND: THE COLLEGE COMMISSIONED AN ARBITRAGE REBATE CALCULATION ON ITS SERIES 2022 REVENUE BOND ON AUGUST 21, 2024. THE REPORT CONCLUDED THAT NO REBATE WAS DUE FOR THIS ISSUE.
SCHEDULE K, PART II, LINE 10 - BOND B:THE COLLEGE SPENT $15,557,851 TO REFUND THE SERIES 2012 BONDS, (WHICH INCLUDES OUTSTANDING PRINCIPAL AND ACCRUED INTEREST). THE ADDITIONAL $19,921,000 REPORTED ON LINE 10 REPRESENTS AMOUNTS THE COLLEGE HAS SPENT ON BUILDING RENOVATIONS AND OTHER CAPITAL IMPROVEMENTS.

Schedule L IRS990ScheduleL

Grnt Asst Bnft Interested Prsn GrntAsstBnftInterestedPrsnGrp

FieldValueIRS element (for citing)
Person3PersonNm
Relationship With OrgTRUSTEESRelationshipWithOrgTxt
Cash Grant$256,719CashGrantAmt
Type Of AssistanceSCHOLARSHIPTypeOfAssistanceTxt
Assistance PurposeTUITION DISC.AssistancePurposeTxt

Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp

Name Of Interested NameOfInterested

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1MARGARET AMODEOBusinessNameLine1Txt
FieldValueIRS element (for citing)
Relationship DescriptionSEE PART VRelationshipDescriptionTxt
Transaction$54,994TransactionAmt
TransactionSEE PART VTransactionDesc
Sharing Of Revenues0SharingOfRevenuesInd

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceSCHEDULE L, PART IV - INTERESTED PERSONSFormAndLineReferenceDesc
ExplanationTRUSTEE JOHN KELLY'S SISTER, MARGARET AMODEO IS AN EMPLOYEE OF THE COLLEGE. AMOUNTS REPORTED ON SCHEDULE L REPRESENT COMPENSATION AND BENEFITS RECEIVED BY MS. AMODEO ON A FISCAL YEAR BASIS.ExplanationTxt

Schedule M IRS990ScheduleM

Securities Publicly Traded SecuritiesPubliclyTradedGrp

FieldValueIRS element (for citing)
Non Cash CheckboxYes (X)NonCashCheckboxInd
Contribution61ContributionCnt
Noncash Contributions Rpt F990$4,166,872NoncashContributionsRptF990Amt
Method Of Determining RevenuesMARKET VALUEMethodOfDeterminingRevenuesTxt

Other Non Cash Contri Table OtherNonCashContriTableGrp (2 entries)

Non Cash CheckboxNonCashCheckboxIndDescDescContributionContributionCntNoncash Contributions Rpt F990NoncashContributionsRptF990AmtMethod Of Determining RevenuesMethodOfDeterminingRevenuesTxt
Yes (X)MISCELLANEOUS9$15,537COST
Yes (X)EQUIPMENT1$3,000COST
FieldValueIRS element (for citing)
Any Property That Must Be Held0AnyPropertyThatMustBeHeldInd
Review Process Unusual NC GiftsYes (1)ReviewProcessUnusualNCGiftsInd
Third Parties Used0ThirdPartiesUsedInd

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceLINE 32A, THIRD PARTIES:FormAndLineReferenceDesc
ExplanationTO THE EXTENT THAT THE COLLEGE RECEIVES NON-CASH CONTRIBUTIONS OF SECURITIES, ITS INVESTMENT MANAGER/BROKER IS TASKED WITH SELLING THOSE SECURITIES ON THE COLLEGE'S BEHALF.ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (8 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART III, LINE 1, DESCRIPTION OF ORGANIZATION MISSION:TO BE ENGAGED, INNOVATIVE AND ETHICAL CONTRIBUTORS TO A DIVERSE, GLOBAL AND TECHNOLOGICALLY COMPLEX SOCIETY. FACULTY, STAFF AND ADMINISTRATORS WELCOME DIVERSE AND TALENTED STUDENTS TO THE CAMPUS COMMUNITY, WORK CLOSELY WITH THEM TO PROVIDE A BROAD AND DEEP EDUCATION, AND GUIDE THEM IN FINDING AND CULTIVATING THEIR PASSIONS. THE COLLEGE OFFERS A WIDE RANGE OF DISCIPLINES AND INTERDISCIPLINARY PROGRAMS IN THE LIBERAL ARTS AND ENGINEERING, AS WELL AS ACADEMIC, ATHLETIC, CULTURAL AND SOCIAL ACTIVITIES, INCLUDING OPPORTUNITIES TO STUDY ABROAD AND TO PARTICIPATE IN UNDERGRADUATE RESEARCH AND COMMUNITY SERVICE.
FORM 990, PART VI, SECTION A, LINE 2BUSINESS OR FAMILY RELATIONSHIPS OF DIRECTORS, ETC. WILLIAM PERLSTEIN AND JOHN KELLY, III HAVE A BUSINESS RELATIONSHIP. RICHARD DELANEY AND SARAH PONTIUS AND HAVE A BUSINESS RELATIONSHIP. DOUGLASS KARP AND THOMAS COLEMAN HAVE A BUSINESS RELATIONSHIP.
FORM 990, PART VI, SECTION B, LINE 11BFORM 990 REVIEW PROCESS THE ORGANIZATION'S FORM 990 IS PREPARED IN CONJUNCTION WITH A NATIONALLY RECOGNIZED ACCOUNTING FIRM. UPON COMPLETION, THE FORM 990 IS PROVIDED TO THE AUDIT COMMITTEE OF THE BOARD OF DIRECTORS AND A DETAILED WALKTHROUGH OF ITS CONTENTS IS PROVIDED AT THE AUDIT COMMITTEE'S MEETING. PRIOR TO ELECTRONIC SUBMISSION OF THE 990 TO THE INTERNAL REVENUE SERVICE, THE AUDIT COMMITTEE CHAIR PROVIDES AN OVERVIEW OF THE REVIEW TO THE FULL BOARD OF TRUSTEES AND A COPY OF THE FINAL FORM 990 IS SHARED WITH THE FULL BOARD OF DIRECTORS. IN ADDITION, A COPY OF THIS FORM 990 IS AVAILABLE FOR REVIEW IN THE COLLEGE'S FINANCE OFFICE.
FORM 990, PART VI, SECTION B, LINE 12CEXPLANATION OF MONITORING AND ENFORCEMENT OF CONFLICTS THE TRUSTEES OF UNION COLLEGE HAVE A WRITTEN CONFLICT OF INTEREST POLICY, WHICH REQUIRES OFFICERS, DIRECTORS, TRUSTEES, AND KEY EMPLOYEES TO ANNUALLY DISCLOSE INTERESTS THAT COULD GIVE RISE TO CONFLICTS. QUESTIONNAIRES ARE SENT ANNUALLY TO MONITOR AND ENFORCE COMPLIANCE WITH THE POLICY. THE RESPONSES TO THE QUESTIONNAIRES ARE REVIEWED BY BOTH THE PRESIDENT'S OFFICE AND FINANCE FOR POTENTIAL CONFLICTS OF INTEREST THAT REQUIRE DISCLOSURE. IF A CONFLICT OF INTEREST IS NOTED, A BOARD MEMBER WOULD HAVE TO RECUSE HIMSELF FROM VOTING, IF SO REQUIRED.
FORM 990, PART VI, SECTION B, LINE 15LINE 15A - COMPENSATION REVIEW & APPROVAL PROCESS - PRESIDENT THE COLLEGE UNDERTAKES A THOROUGH AND RIGOROUS PROCESS TO DETERMINE THE PRESIDENT'S COMPENSATION. THE COLLEGE HAS ESTABLISHED AN EXECUTIVE COMPENSATION COMMITTEE THAT ACTS AS A COMMITTEE OF THE BOARD. THE EXECUTIVE COMPENSATION COMMITTEE IS COMPRISED OF THE CHAIRMAN, VICE CHAIRMAN, SECRETARY, AND GENERAL COUNSEL OF THE BOARD OF TRUSTEES. THE CHAIR OF THE BOARD SERVES AS THE CHAIR OF THE COMMITTEE. THE COMMITTEE ACTS AS THE AUTHORIZED BODY UNDER TREASURY REG. 53.4958-6, RESPONSIBLE FOR APPROVING THE COMPENSATION ARRANGEMENTS OF THE PRESIDENT. THE COMMITTEE WILL: A. REVIEW GOALS FOR THE UPCOMING YEAR AND ACCOMPLISHMENTS FOR THE YEAR JUST ENDED. B. OBTAIN APPROPRIATE ANALYSIS AND STUDIES FOR USE IN EVALUATING THE COMPENSATION OF THE PRESIDENT. C. DOCUMENT ITS DELIBERATIONS AND DECISION ESTABLISHING THE PRESIDENT'S COMPENSATION. D. REPORT TO THE EXECUTIVE COMMITTEE OF THE BOARD ANNUALLY ITS FINDINGS AND ACTIONS. LINE 15B - COMPENSATION REVIEW & APPROVAL PROCESS - OFFICERS & KEY EMPLOYEES THE COLLEGE UNDERTAKES A SIMILARLY DETAILED PROCESS TO DETERMINE THE COMPENSATION OF THE COLLEGE'S OFFICERS AND KEY EMPLOYEES (AS REPORTED ON PART VII OF THE FORM 990): A. THE COMPENSATION COMMITTEE OBTAINS APPROPRIATE ANALYSIS AND STUDIES FROM THE ADMINISTRATION TO USE AS AN AID IN EVALUATING THE COMPENSATION RECOMMENDATIONS OF THE PRESIDENT FOR THESE EMPLOYEES. B. THE COMPENSATION COMMITTEE DELIBERATES ON, AND APPROVES, ALL COMPENSATION AT A MEETING AND THE DECISIONS ARE DOCUMENTED IN COMMITTEE MINUTES. THE COLLEGE REVIEWS ALL OFFICER AND KEY EMPLOYEE COMPENSATION ON AN ANNUAL BASIS AND PARTICIPATES IN THE ANNUAL CUPA SURVEY (COLLEGE AND UNIVERSITY PROFESSIONAL ASSOCIATION). THE COLLEGE IS IN THE PROCESS OF COMMISSIONING A NEW COMPENSATION STUDY WITHIN THE NEXT TWO YEARS.
FORM 990, PART VI, SECTION C, LINE 19AVAILABILITY OF DOCUMENTS TO THE PUBLIC THE TRUSTEES OF UNION COLLEGE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. THE FINANCIAL STATEMENTS ARE ALSO AVAILABLE ON THE COLLEGE'S WEBSITE WWW.UNION.EDU.
FORM 990, PART IX, LINE 11(F):UNION COLLEGE'S INVESTMENT PORTFOLIO IS COMPRISED OF BOTH TRADITIONAL PUBLICLY TRADED SECURITIES AND NON-TRADITIONAL ALTERNATIVE INVESTMENTS (HEDGE FUNDS, LIMITED PARTNERSHIPS ETC). CERTAIN ALTERNATIVE INVESTMENTS DO NOT SPECIFICALLY REPORT TO THE INVESTOR THE INVESTMENT MANAGEMENT FEES THAT ARE INCURRED, RATHER NETTING THOSE FEES AGAINST INVESTMENT RETURNS. IN ADDITION, UNDER GENERALLY ACCEPTED ACCOUNTING PRINCIPLES, INVESTMENT INCOME IS REQUIRED TO BE REPORTED NET OF RELATED EXPENSES WITHIN THE FINANCIAL STATEMENTS AND THE DISCLOSURE OF INVESTMENT EXPENSES IS NOT REQUIRED. BASED ON THESE FACTORS, NO SEPARATE TRACKING OF MANAGEMENT FEES PAID AT THE FUND LEVEL IS UNDERTAKEN. THE AMOUNT REPORTED ON PART IX, LINE 11(F) PRIMARILY REPRESENTS FEES PAID TO OUR THIRD PARTY INDEPENDENT INVESTMENT ADVISOR.
FORM 990, PART XI, LINE 9:CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS 208,619. POSTRETIREMENT BENEFITS 317,015. LOSS ON DEFEASANCE OF DEBT -236,941.

Schedule R IRS990ScheduleR

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp

Disregarded Entity Name DisregardedEntityName

FieldValueIRS element (for citing)
Business Name Line1ALUMNI COUNCIL OF UNION COLLEGE INCBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line1807 UNION ST ABBE HALLAddressLine1Txt
CitySCHENECTADYCityNm
State AbbreviationNYStateAbbreviationCd
ZIP12308ZIPCd
FieldValueIRS element (for citing)
EIN146019466EIN
Primary ActivitiesFUNDRAISINGPrimaryActivitiesTxt
Legal Domicile StateNYLegalDomicileStateCd
Exempt Code Section501(C)(3)ExemptCodeSectionTxt
Public Charity Status12CPublicCharityStatusTxt
Direct Controlling NAN/ADirectControllingNACd
Controlled Organization0ControlledOrganizationInd

Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp (3 entries)

Primary ActivitiesPrimaryActivitiesTxtLegal Domicile StateLegalDomicileStateCdBusiness Name Line1DirectControllingEntityName/BusinessNameLine1TxtEntity TypeEntityTypeTxtControlled OrganizationControlledOrganizationInd
CHARITABLE REMAIN UNITRUST (3)
INVESTINGNYUNION COLLEGET0
CHARITABLE REMAIN UNITRUST (1)
INVESTINGCAUNION COLLEGET0
CHARITABLE REMAIN UNITRUST (1)
INVESTINGPAUNION COLLEGET0
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts Rylts0ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth OrgYes (1)GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth OrgYes (1)GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other Org0LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth Org0LoansOrGuaranteesFromOthOrgInd
Div Related Organization0DivRelatedOrganizationInd
Asset Sale To Other Org0AssetSaleToOtherOrgInd
Asset Purchase From Other Org0AssetPurchaseFromOtherOrgInd
Asset Exchange0AssetExchangeInd
Rental Of Facilities To Oth Org0RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth Org0RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth Org0PerformOfServicesForOthOrgInd
Perform Of Services By Other Org0PerformOfServicesByOtherOrgInd
Sharing Of FacilitiesYes (1)SharingOfFacilitiesInd
Paid Employees SharingYes (1)PaidEmployeesSharingInd
Reimbursement Paid To Other Org0ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other Org0ReimbursementPaidByOtherOrgInd
Transfer To Other Org0TransferToOtherOrgInd
Transfer From Other Org0TransferFromOtherOrgInd

Transactions Related Org TransactionsRelatedOrgGrp (2 entries)

Transaction TypeTransactionTypeTxtInvolvedInvolvedAmtMethod Of Amount DeterminationMethodOfAmountDeterminationTxt
ALUMNI COUNCIL OF UNION COLLEGE
B$87,725FMV
ALUMNI COUNCIL OF UNION COLLEGE
C$84,500FMV