2022-11-09T16:20:47-06:00 2021-12-31 043728817 TRONCONI SEGARRA & ASSOCIATES LLP 8321 MAIN STREET WILLIAMSVILLE NY 14221 990 2021-01-01 844813183 BRYANT & STRATTON COLLEGE INC BRYA 7162507500 200 REDTAIL ROAD SYSTEMS OFFICE ORCHARD PARK NY 14127 CHRISTOPHER GERACE VP & CFO 7162507500 2022-11-08 1 CHRISTOPHER GERACE XXX-XX-XXXX MICHAEL B DOLAN CPA P00141357 7166331373 2022-11-08 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z FRANCIS FELSER 200 REDTAIL ROAD SYSTEMS OFFICE ORCHARD PARK NY 14127 240603732 0 X WWW.BRYANTSTRATTON.EDU X 2020 NY BRYANT & STRATTON COLLEGE OFFERS A PERSONALIZED CAREER EDUCATION AND EXPERIENCE LEADING TO HIGH-DEMAND PROFESSIONS SO GRADUATES ARE PREPARED FOR THEIR CAREERS AND LIFE PURSUITS. 8 6 2908 0 0 0 85236616 583622 21676657 236869843 7538 166463 0 2983804 106920811 240603732 3102858 31227409 0 0 8749734 87694159 0 0 0 9690275 108621376 21542867 227542944 85377944 13060788 136694091 145134093 51316147 46695361 85377944 98438732 BRYANT & STRATTON COLLEGE OFFERS A PERSONALIZED CAREER EDUCATION AND EXPERIENCE LEADING TO HIGH-DEMAND PROFESSIONS SO GRADUATES ARE PREPARED FOR THEIR CAREERS AND LIFE PURSUITS. 0 0 151467255 31227409 232706251 THE COLLEGE IS AN INSTITUTION OF HIGHER EDUCATION THAT PREPARES STUDENTS FOR FUTURE SUCCESS BY TEACHING BOTH CAREER SKILLS AND LIFE SKILLS, INCLUDING IMPORTANT INTANGIBLES LIKE CRITICAL THINKING, INTERPERSONAL SKILLS, PROBLEM SOLVING, TEAM WORK, AND TIME MANAGEMENT. BY PROVIDING THESE EXPERIENCES OUR STUDENTS WILL BE ABLE TO THRIVE AND REACH THEIR DESIRED FUTURE. 151467255 1 1 0 1 0 0 0 0 0 0 1 0 0 0 1 0 1 1 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 276 0 2908 1 0 0 0 0 0 0 0 0 0 0 0 0 X 8 6 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X CHRISTOPHER GERACE 7162507500 200 REDTAIL ROAD SYSTEMS OFFICE ORCHARD PARK NY 14127 DAVID VADEN PRESIDENT-ELECT & COO 55.00 X 658193 0 23269 FRANCIS FELSER PRESIDENT, CHIEF EXECUTIVE 55.00 X X 571475 0 18769 DOREEN JUSTINGER VP OF ONLINE ED. & CHIEF INFO OFFICER 55.00 X 401564 0 22616 CHRISTOPHER GERACE VP & CHIEF FINANCIAL OFFICER 55.00 X 400805 0 15951 TRACY NANNERY VP & CHIEF ENROLLMENT OFFICER 55.00 X 329286 0 14302 ANNE LORIA SECRETARY & VP OF RESEARCH, PLANNING & ASSESSMENT 55.00 X 302535 0 22616 SCOTT TRAYLOR ONLINE MARKET DIRECTOR 55.00 X 192644 0 14490 JEFFREY TREDO MARKET DIRECTOR 55.00 X 185292 0 18223 KEVIN SEAMAN DIRECTOR OF PERFORMANCE MARKETING 55.00 X 183143 0 20241 PAUL BAHR CAMPUS DIRECTOR 55.00 X 176152 0 19482 DEBORA ERICK DEAN OF NURSING 55.00 X 164268 0 15974 DR MARIE CINI DIRECTOR - CHAIR 2.00 X 44014 0 0 ALEX BRNILOVICH DIRECTOR 1.00 X 37500 0 0 GARY BROST DIRECTOR 1.00 X 37500 0 0 LILY GARCIA WALTON DIRECTOR - VICE CHAIR 1.00 X 36000 0 0 JOHN RUTHERFORD DIRECTOR 1.00 X 26500 0 0 NICOLE TZETZO DIRECTOR 1.00 X 20500 0 0 BRYANT H PRENTICE III DIRECTOR 2.00 X 0 0 0 3767371 0 205933 93 0 1 0 GOOGLE INC PO BOX 3900 DEPT 33654 SAN FRANCISCO CA 94139 MARKETING 21657600 ZETA GLOBAL CORP PO BOX 411090 BOSTON MA 02241 MARKETING 7230902 TRI DELTA RESOURCE CORP 15 NORTH ST CANANDAIGUA NY 14424 IT HARDWARE, SOFTWARE AND SERVICES 3586667 VITAL DIGITAL GROUP INC 814 FULTON ST FARMINGDALE NY 11735 MARKETING 1828793 MCGRAW HILL EDUCATION INC PO BOX 786167 PHILADELPHIA PA 19178 TEXTBOOKS AND DIGITAL LEARNING 1740474 88 547000 36622 583622 TUITION REVENUE 611310 229475007 229475007 INSTRUCTIONAL MATERIALS 900099 7147396 7147396 ROOM AND BOARD, NET 900099 247440 247440 236869843 166463 166463 HEERF (LOST REVENUE) 900099 2983804 2983804 2983804 240603732 232706251 0 7313859 31227409 31227409 3973304 989909 2983395 71066542 61131291 9935251 1154142 1012229 141913 5603261 4822995 780266 5896910 4926051 970859 5000 5000 3380250 3380250 40636377 40636377 1815080 1715303 99777 4268105 3063382 1204723 14673029 7302750 7370279 332681 224021 108660 169072 128422 40650 684773 684773 8610301 3404352 5205949 672948 672948 UNCOLLECTIBLE ACCOUNTS 15117654 15117654 INSTRUCTIONAL EXPENSES 10264566 10264566 ATHLETIC EXPENSES 3680240 3680240 EMPLOYEE EDUCATION 1139803 1139803 3171497 1316878 1854619 227542944 151467255 76075689 0 18013796 37729184 11308696 5717203 2033429 1312892 3736804 4006606 39265091 7157613 34913387 32107478 65374570 63781131 1313409 479599 136694091 145134093 12598959 13419834 7729920 9281925 15864708 9381250 15122560 14612352 51316147 46695361 X 85377944 98438732 85377944 98438732 136694091 145134093 13060788 0 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 1 5000 0 0 1 237600 242600 0 PART II-B, LINE 1: THE ORGANIZATION PROVIDED $5,000 TO THE ASSOCIATION OF PROPRIETARY COLLEGES POLITICAL ACTION COMMITTEE TO SUPPORT THE INTEREST OF NEW YORK'S DEGREE-GRANTING COLLEGES WHICH ARE GOVERNED BY THE STATE'S BOARD OF REGENTS. THE ORGANIZATION IS ALSO A MEMBER OF THE ASSOCIATION OF PROPRIETARY COLLEGES ("APC") WHICH REPRESENTS VARIOUS DEGREE-GRANTING COLLEGES ACROSS NEW YORK STATE. AS PART OF THEIR MEMBERSHIP, AMONG OTHER BENEFITS AND SERVICES, APC CONSULTS REGULARLY WITH STATE AND FEDERAL DECISION MAKERS AND ADVOCATES IN FAVOR OF LEGISLATION AND POLICIES THAT SUPPORT THE GOALS OF HIGHER EDUCATION AND PROTECT THE INTEREST OF THE MEMBERS' STUDENTS. TOTAL MEMBERSHIP DUES PAID TO APC DURING THE YEAR WERE $237,600. 26660145 3892139 22768006 12604946 3265474 9339472 32107478 CAPITAL LEASE OBLIGATIONS 7491257 POSTRETIREMENT LIABILITIES 7121095 14612352 206641238 0 206641238 33962494 33962494 240603732 193580450 0 193580450 33962494 33962494 227542944 PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS REMOVED FROM NET TUITION 31,227,409. AMORTIZATION INCLUDED WITH OTHER INCOME ON FINANCIAL STATEMENTS 2,104,584. INTEREST INCOME NETTED WITH INTEREST EXPENSE 47,879. CHARITABLE CONTRIBUTIONS NETTED WITH EXPENSES 35,622. HEERF GRANT FOR DIRECT INSTITUTIONAL OPERATING EXPENSES 547,000. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS REMOVED FROM NET TUITION 31,227,409. AMORTIZATION INCLUDED WITH OTHER INCOME ON FINANCIAL STATEMENTS 2,104,584. INTEREST INCOME NETTED WITH INTEREST EXPENSE 47,879. CHARITABLE CONTRIBUTIONS NETTED WITH EXPENSES 35,622. HEERF GRANT FOR DIRECT INSTITUTIONAL OPERATING EXPENSES 547,000. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE POLICY IS PUBLISHED IN ALL OF THE COLLEGE'S PAMPHLETS, CATALOGUES, BROCHURES AND OTHER PRINTED MATERIAL. THE POLICY IS ALSO VISIBLE ON THE COLLEGE'S WEBSITE. SCHEDULE E, PART I, LINE 6 THE COLLEGE RECEIVES FINANCIAL AID FROM VARIOUS FEDERAL AND STATE AGENCIES IN THE FORM OF STUDENT FINANCIAL AID. THE COLLEGE OPERATES UNDER A NON-DISCRIMINATION POLICY AND DISTRIBUTES FINANCIAL AID IN ACCORDANCE WITH SUCH POLICY. 1 STUDENT FINANCIAL AID PROGRAM 11710 31227409 PART I, LINE 2: GRANTS AND STUDENT FINANCIAL AID ARE PROVIDED TO STUDENTS MEETING THE ORGANIZATION'S CRITERIA. THE FUNDS ARE CREDITED TO EACH STUDENTS ACCOUNT AND THE OFFICE OF FINANCIAL AID IS RESPONSIBLE FOR MONITORING THE GRANTS AND EACH STUDENTS BALANCE. X 1 1 X X X X X X 0 1 0 0 0 0 0 0 0 DAVID VADEN PRESIDENT-ELECT & COO 413414 0 222950 0 21829 0 7125 0 16144 0 681462 0 0 0 FRANCIS FELSER PRESIDENT, CHIEF EXECUTIVE 153731 0 416500 0 1244 0 7125 0 11644 0 590244 0 0 0 DOREEN JUSTINGER VP OF ONLINE ED. & CHIEF INFO OFFICE 238769 0 159250 0 3545 0 7125 0 15491 0 424180 0 0 0 CHRISTOPHER GERACE VP & CHIEF FINANCIAL OFFICER 262788 0 134750 0 3267 0 7125 0 8826 0 416756 0 0 0 TRACY NANNERY VP & CHIEF ENROLLMENT OFFICER 216607 0 110250 0 2429 0 7125 0 7177 0 343588 0 0 0 ANNE LORIA SECRETARY & VP OF RESEARCH, PLANNING 201065 0 98000 0 3470 0 7125 0 15491 0 325151 0 0 0 SCOTT TRAYLOR ONLINE MARKET DIRECTOR 177798 0 13100 0 1746 0 1295 0 13195 0 207134 0 0 0 JEFFREY TREDO MARKET DIRECTOR 185057 0 0 0 235 0 4788 0 13435 0 203515 0 0 0 KEVIN SEAMAN DIRECTOR OF PERFORMANCE MARKETING 183143 0 0 0 0 0 4750 0 15491 0 203384 0 0 0 PAUL BAHR CAMPUS DIRECTOR 172555 0 0 0 3597 0 4775 0 14707 0 195634 0 0 0 DEBORA ERICK DEAN OF NURSING 162715 0 0 0 1553 0 3928 0 12046 0 180242 0 0 0 PART I, LINE 1A DAVID VADEN, PRESIDENT-ELECT & CHIEF OPERATING OFFICER, WAS PROVIDED A HOUSING ALLOWANCE BY THE ORGANIZATION. PART I, LINE 3 THE ORGANIZATION ENGAGED A THIRD PARTY TO PERFORM A COMPENSATION SURVEY AND ALL COMPENSATION PACKAGES FOR THE OFFICERS ARE REVIEWED AND APPROVED BY THE COMPENSATION & ADMINISTRATIVE COMMITTEE OF THE BOARD OF DIRECTORS. DURING THIS PROCESS A THOROUGH REVIEW OF COMPARABLE COMPENSATION OF SIMILAR POSITIONS OF OTHER LIKE ORGANIZATIONS WERE PERFORMED. PART I, LINE 4B THE FOLLOWING OFFICERS PARTICIPATED IN A 457(B) AND 457(F) PLAN DURING THE YEAR WITH REPORTABLE COMPENSATION: DAVID VADEN, PRESIDENT-ELECT & COO - $7,085 CHRISTOPHER GERACE, VICE PRESIDENT & CFO - $3,050 ANNE LORIA, SECRETARY & VICE PRESIDENT OF RESEARCH, STRATEGIC PLANNING AND ASSESSMENT - $275 PRENTICE REALTY INC DIRECTOR AND OFFICERS OWN DIRECT AND INDIRECT MEMBERSHIP INTEREST IN ENTITY 1416955 THE ORGANIZATION LEASES TWO CAMPUS LOCATIONS FROM PRENTICE REALTY INC. FRANCIS FELSER, PRESIDENT & CEO, OWNS A DIRECT MEMBERSHIP INTEREST AND BRYANT H. PRENTICE, III, DIRECTOR, OWNS AN INDIRECT MEMBERSHIP INTEREST IN PRENTICE REALTY INC. 0 B&S ALBANY CAMPUS GROUP LLC DIRECTOR AND OFFICERS OWN DIRECT MEMBERSHIP INTEREST IN ENTITY 329478 THE ORGANIZATION LEASES ONE CAMPUS LOCATION FROM B&S ALBANY CAMPUS GROUP LLC. BRYANT H. PRENTICE, III, DIRECTOR, FRANCIS FELSER, PRESIDENT & CEO, AND DAVID VADEN, PRESIDENT-ELECT & COO, OWN A DIRECT MEMBERSHIP INTEREST IN THE ENTITY. 0 FORM 990, PART VI, SECTION A, LINE 6 THE SOLE MEMBER OF THE ORGANIZATION IS THE PRENTICE FAMILY FOUNDATION. FORM 990, PART VI, SECTION A, LINE 7A THE CORPORATION SHALL HAVE TWO CLASSES OF DIRECTORS: CLASS A - THE CLASS A DIRECTORS SHALL BE ELECTED BY THE SOLE MEMBER (THE PRENTICE FAMILY FOUNDATION). THERE SHALL AT ALL TIMES BE TWO CLASS A DIRECTORS; CLASS B - THE CLASS B DIRECTORS SHALL BE ELECTED BY THE INDIVIDUALS WHO ARE THEN SERVING AS DIRECTORS OF THE CORPORATION. FORM 990, PART VI, SECTION A, LINE 7B THE PRENTICE FAMILY FOUNDATION, SOLE MEMBER OF BRYANT & STRATTON COLLEGE, INC. ("BSCI"), THROUGH MAJORITY VOTE OF ITS BOARD OF DIRECTORS, MUST APPROVE A RESOLUTION OF SALE OR DISSOLUTION OF BSCI BY ITS BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B THE FINANCE, AUDIT, AND COMPLIANCE COMMITTEE OF THE BOARD OF DIRECTORS ANNUALLY REVIEWS THE 990. UPON APPROVAL BY THE COMMITTEE, THE FORM 990 IS MADE AVAILABLE TO THE FULL BOARD FOR REVIEW PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE GOVERNING BODY REVIEWS AND SIGNS THE CONFLICT OF INTEREST POLICY ANNUALLY TO ACKNOWLEDGE THE REQUIREMENT TO SELF-DISCLOSE ANY POTENTIAL CONFLICTS AS THEY ARISE. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION ENGAGES A THIRD PARTY TO PERFORM A COMPENSATION SURVEY AND ALL COMPENSATION PACKAGES FOR THE OFFICERS ARE REVIEWED AND APPROVED BY THE COMPENSATION & ADMINISTRATIVE COMMITTEE OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 19 COPIES OF THE GOVERNING DOCUMENTS, THE CONFLICT OF INTEREST POLICY, AND THE FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REQUEST. FORM 990, PART XII, LINE 2C: THE FINANCE, AUDIT, AND COMPLIANCE COMMITTEE IS RESPONSIBLE FOR SELECTION OF INDEPENDENT ACCOUNTANTS AND OVERSIGHT OF THE FINANCIAL STATEMENT AUDIT.