2021-05-10T14:57:56-05:00 2020-06-30 KPMG LLP 515 Broadway 4th Floor Albany NY 12207 990 2019-07-01 150543659 CLARKSON UNIVERSITY % KEITH ROSSER CLAR 3152682089 8 Clarkson Avenue Box 5546 Potsdam NY 136995546 WILLIAM MCGARRY CFO 3152687258 2021-05-05 true Geneva Furlano P01877392 5184274600 2021-04-22 2019 2022-09-23 18:48:47Z Anthony G Collins 8 Clarkson Avenue Box 5500 Potsdam NY 13699 286495129 false X www.clarkson.edu X Provide education for undergraduate, graduate, and professional continuing education programs, and to engage in high quality research and scholarship. 35 35 2663 918 -100845 4421 30549806 36359000 198778489 202635980 11433630 5369669 4229001 2865168 244990926 247229817 100799206 105856274 0 0 83954632 83454742 0 0 2719458 54133286 48712282 238887124 238023298 6103802 9206519 444961390 450462960 136848579 134577983 308112811 315884977 X SEE SCHEDULE O false false 211141995 105313186 176372275 Higher Education: Provide instruction, research, public service, campus support, etc. for undergraduate and graduate students. (4,005 FTE students) U.S. News & World Report's 2020 rankings of 'Best Colleges' again placed Clarkson University in tier one, the top tier of national universities. Clarkson is also on the U.S. News 'Great Schools at Great Prices' list (Best Value Schools), which takes into account a school's academic quality, as indicated by its 2020 U.S. News Best Colleges ranking, and the 2018-2019 net cost of attendance for a student who receives the average level of need-based financial aid. The princeton review again named Clarkson one of the nation's best institutions for undergraduates to earn their college degree, and also named clarkson as one of the nation's most environmentally responsible colleges. In november 2019, clarkson was named one of the top ten "hidden gems" colleges with the highest paid alumni by the college gazette. 7778723 543088 28348090 Extracurricular programs, general/other auxiliary enterprises such as housing, dining, and recreational services for its students. (3,640 FTE students) 160132 Conferences & Workshops 218920718 true true false true false false false false true true true true false false true true false true true false true true true false false false false true true true true false false false false false false false false false false true false false false false true true true false false true 445 0 true 2663 true true true false false false false false false false false false false false X 35 35 true false false false false false false true true false false true true true true true true true true true true X KEITH ROSSER 3152687258 8 CLARKSON AVENUE BOX 5546 Potsdam NY 13699 Anthony Collins President 50.0 1.0 X 919092 0 60946 Casey Jones Head Men's Hockey Coach 40.0 0.0 X 307083 0 59528 Farzad Mahmoodi Prof./Dir. Supply Chain Mgmt 40.0 0.0 X 306212 0 52023 William Jemison Dean of School of Engineering 40.0 0.0 X 320261 0 37247 Peter Turner Former Director Stem Inst. 40.0 0.0 X 318651 0 24926 Augustine Lado Dean of School of Business 40.0 0.0 X 285316 0 56853 Charles Thorpe Interim Dean of Arts & Science 40.0 0.0 X 286478 0 48218 Matthew Desrosiers Head Women's Hockey Coach 40.0 0.0 X 279294 0 53291 V Suryadevara Professor 40.0 0.0 X 270071 0 45497 Ruth Baltus Professor 40.0 0.0 X 254069 0 27205 Matthew Draper VP for Dev. & Alumni Rel. 40.0 0.0 X 257566 0 21844 Kerop Janoyan Dean of Graduate School 40.0 0.0 X 195608 0 75734 Brian Grant VP for Enroll & Student Adv. 40.0 0.0 X 180242 0 50846 Kelly Chezum VP For External Relations 50.0 1.0 X 181535 0 44921 James Fish CFO (THRU 9/19) 50.0 2.0 X 205590 0 18449 Ian Hazen Dir. Of Facilities & Services 40.0 0.0 X 192994 0 30605 Goodarz Ahmadi Professor 40.0 0.0 X 190700 0 31305 Joshua Fiske Chief Information Officer 40.0 0.0 X 165794 0 16169 Robert Cree Chief Financial Officer 50.0 2.0 X 71393 0 36199 Carolyn A Brandsema Trustee 2.0 0.0 X 0 0 0 Kenneth V Camarco Trustee 2.0 0.0 X 0 0 0 Robert A Campbell Trustee 10.0 0.0 X 0 0 0 Simoon Cannon Trustee 2.0 0.0 X 0 0 0 Amy E Castronova Trustee (THRU 10/19) 1.0 0.0 X 0 0 0 Lauretta M Chrys Trustee 2.0 0.0 X 0 0 0 Bayard D Clarkson Jr Trustee 2.0 0.0 X 0 0 0 Bayard D Clarkson Sr Trustee 2.0 0.0 X 0 0 0 Kathleen H Cline Trustee 2.0 1.0 X 0 0 0 Charles R Craig Trustee 2.0 0.0 X 0 0 0 Peter J Devlin Trustee 2.0 0.0 X 0 0 0 Robert A DiFulgentiz Trustee 2.0 0.0 X 0 0 0 Christina Dutch Trustee 2.0 0.0 X 0 0 0 Judith J Foster Trustee (THRU 10/19) 1.0 0.0 X 0 0 0 David K Heacock Trustee 2.0 0.0 X 0 0 0 Daniel Heintzelman Trustee 2.0 0.0 X 0 0 0 Thomas L Kassouf Trustee 12.0 0.0 X 0 0 0 Georgia Keresty Trustee 2.0 0.0 X 0 0 0 Lawrence D Kingsley Trustee 2.0 0.0 X 0 0 0 Sanjeev R Kulkarni Trustee 2.0 0.0 X 0 0 0 Kenneth S Lally Trustee 2.0 0.0 X 0 0 0 Earl R Lewis Trustee 2.0 0.0 X 0 0 0 Michael Maresca Trustee 2.0 0.0 X 0 0 0 Jody A Markopoulos Trustee 2.0 0.0 X 0 0 0 John S Mengucci Trustee 4.0 0.0 X 0 0 0 Kaitlin P Monte Trustee (THRU 10/19) 1.0 0.0 X 0 0 0 Lisa Napolione Trustee 2.0 0.0 X 0 0 0 Rajan Raghavan Trustee 2.0 0.0 X 0 0 0 James W Ransom Trustee (THRU 10/19) 1.0 0.0 X 0 0 0 Nancy D Reyda Trustee 4.0 0.0 X 0 0 0 Cody A Rosen Trustee 2.0 0.0 X 0 0 0 Stephen D Ryan Trustee 4.0 0.0 X 0 0 0 Frank R Schmeler Trustee 2.0 0.0 X 0 0 0 Raymond L Skowyra Jr Trustee 10.0 0.0 X 0 0 0 Jean E Spence Trustee 12.0 0.0 X 0 0 0 W Ashley Twining Trustee 2.0 0.0 X 0 0 0 David A Walsh Trustee 2.0 0.0 X 0 0 0 Dennis G Weller Trustee 2.0 0.0 X 0 0 0 James F Wood Trustee 2.0 0.0 X 0 0 0 Robert R Ziek Jr Trustee (THRU 10/19) 1.0 0.0 X 0 0 0 5187949 0 791806 165 true true false BETTE CRING LLC 22 CENTURY HILL DRIVE SUITE 201 LATHAM NY 12110 Construction Svcs 15239401 SODEXO OPERATIONS LLC PO BOX 360170 PITTSBURGH PA 15251 FOOD SERVICE 3360657 NORTHERN TIER CONTRACTING INC 329 SCOTCH SETTLEMENT ROAD GOUVERNEUR NY 13642 CONSTRUCTION SVCS 2527817 CONTINENTAL CONSTRUCTION LLC 2125 NY 812 GOUVERNEUR NY 13642 Construction Svcs 1664201 EAB GLOBAL INC PO BOX 603519 CHARLOTTE NC 28260 CONSULTING 729418 28 14964872 21394128 1828702 36359000 TUITION & FEES 611310 174127758 174127758 AUXILIARY ENTERPRISES - ROOM 721000 16850732 16850732 AUXILIARY ENTERPRISES - BOARD 722320 11417329 11417329 AUXILIARY ENTERPRISES - OTHER 900099 80029 80029 CONFERENCES & WORKSHOPS 611310 160132 151192 8940 202635980 728787 -165390 894177 0 27396 27396 0 0 0 43759217 146977 39249078 16234 4510139 130743 4640882 4640882 0 0 0 0 0 0 0 0 0 PROGRAM REGISTRATION FEES 611310 64480 64480 ATHLETIC REVENUES 711210 452894 452894 SPACE RENTAL 532000 181638 181638 2138760 2007339 64545 66876 2837772 247229817 204880497 -100845 6091165 100000 100000 104809284 104809284 946990 946990 0 3988961 2390667 1598294 0 61120662 53928117 5689347 1503198 3957499 3327689 506725 123085 9719582 8172774 1244512 302296 4668038 3925150 597704 145184 0 490378 32821 457557 248675 248675 214798 214798 0 413687 413687 3188193 1975750 1031363 181080 1805009 1483607 285004 36398 0 0 0 3169892 2651297 518595 2260446 1973344 183236 103866 0 0 2042700 1801943 240757 0 10225081 10219478 -232747 238350 990740 113021 877719 SUPPLIES 4594840 4167391 417295 10154 FOOD SERICE 5842620 5536725 301780 4115 RESEARCH SUB-CONTRACTS 1082941 1082941 EQUIPMENT RENTALS/EXTERNAL MAI 1787497 1312483 472273 2741 10354785 8340761 1945033 68991 238023298 218920718 16383122 2719458 0 0 12006818 1165319 5126321 11115196 8105526 8245914 0 0 0 0 0 0 221510 233382 1326979 864122 383224247 164880994 201746832 218343253 97823052 96249427 109823870 106447775 8132031 7173136 0 0 648451 625436 444961390 450462960 12888852 8869827 0 0 7731426 6998208 72111917 71522232 1363445 1972778 0 0 745595 333140 1250000 1166667 40757344 43715131 136848579 134577983 X 138185558 142396745 169927253 173488232 308112811 315884977 444961390 450462960 X 9206519 -2582907 1148554 X false true X true true true X 29779714 37145933 26522778 30549806 36359000 160357231 0 0 29779714 37145933 26522778 30549806 36359000 160357231 10459548 149897683 1477023 1129238 617152 862615 921573 5007601 49294 379655 205868 634817 3399329 3695837 3285099 4132069 2773229 17285563 183285212 979795588 0.81784 0.80092 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED true true false false false true 12788 true 9821 false true 192189 214798 false Schedule C, Part II-B, Line 1 The University, through the Association of Governing Boards, contacts the Board of Trustees periodically to urge them to contact their legislators regarding funding support issues such as New York State (NYS) Bundy Aid and the NYS Tuition Assistance Program. Alumni are also periodically encouraged to contact their state and federal representatives. The President, Chief Financial Officer and the External Relations Office sign official communications including lobbying appeals. The office is principally responsible for monitoring government action at the local, state and federal levels, reporting significant actions which impact the University to appropriate offices, and where appropriate, to lobbying legislative and executive bodies. The vast majority of lobbying communications and direct contact with legislators or legislative staff members emanates from this office. The University conveyed its position on various state and federal issues, as well as miscellaneous economic development, energy and environmental issues. false true X 201698464 3071906 2111912 8699952 699574 197482756 198326348 4249592 8251113 8424346 704243 201698464 191141142 1697774 13718538 7517738 713368 198326348 177099281 2480849 19925601 7651323 713266 191141142 186140355 6272274 -6962416 7634292 716640 177099281 0.26700 0.65400 0.07900 false false 16000 17747444 17763444 301403179 127430841 173972338 45141429 37450153 7691276 18916195 18916195 218343253 2590323 F HEDGE FUNDS 36319330 F PRIVATE EQUITY 20561594 F VENTURE CAPITAL 10327595 F REAL ASSETS 5146213 F INTERNATIONAL EQUITY 31502720 F 106447775 0 FEDERAL & OTHER LOAN PROGRAMS 6729624 ASSET RETIREMENT OBLIGATION 5951875 POST RETIREMENT BENEFIT 12180475 PRESENT VALUE OF ANNUITY PMT 5526171 LOAN PLEDGE LIABILITY 42884 LINE OF CREDIT 11500000 MISCELLANEOUS 1784102 43715131 X 246598473 -2582907 2498499 -84408 246682881 413687 133249 546936 247229817 238826307 1176710 1176710 237649597 413687 -39986 373701 238023298 Schedule D, Part IV, Line 2b The University assists the Student Association by providing custodian support for their receipts and disbursements. Also, the University is the fiduciary of a perpetuity trust. Schedule D, Part V, Line 4 The intended use of the University's endowment fund is to support the University's students directly through financial aid as well as indirectly through support of operation costs and research endeavors. Schedule D, Part X, Line 2 The consolidated financial statements include the University and Beacon, which are generally exempt from income tax under Section 501 (c)(3) of the Internal Revenue Code. Weston is a taxable subsidiary of the University. The income tax attributable to Weston is reflected in these consolidated financial statements but is not material. The University recognizes the effect of income tax positions only if those positions are more likely than not of being sustained by a taxing authority and believes it has taken no significant uncertain tax positions. Schedule D, Part XI, Line 2d Related entity revenue $ 981,897 Change to post-retirement benefits $ 1,516,602 --------------- Total $ 2,498,499 Schedule D, Part XI, Line 4b Interest on student loans $ 21,205 Change in annuity & life income funds $ 84,325 Change in value of split-interest agreements $ (15,741) Related entity revenue $ 43,460 --------------- Total $ 133,249 Schedule D, Part XII, Line 2d Related entity expense $ 1,176,710 --------------- Total $ 1,176,710 Schedule D, Part XII, Line 4b Interest on student loans $ 21,205 Change in annuity & life income funds $ 84,325 Change in value of split-interest agreements $ (145,516) --------------- Total $ (39,986) true true true true true true true false false false false false false false false true false true Schedule E, Part I, Line 3 The University publicizes its racially nondiscriminatory policy within all job announcements and publications, as well as all other public announcements and publications. This policy is made available year-round on the University's homepage at www.clarkson.edu. Schedule E, Part I, Line 6 The University receives federal, state and local funds for student financial assistance and for research and development awards. true Central America and the Caribbean Investments 72439777 Europe (Including Iceland and Greenland) Investments 1696798 Europe (Including Iceland and Greenland) Grantmaking 573356 East Asia and the Pacific Grantmaking 315946 East Asia and the Pacific Program Services GLOBAL BUSINESS PRGRM 29406 East Asia and the Pacific Program Services RESEARCH 175102 South Asia Program Services RESEARCH 58464 North America Program Services RESEARCH 54691 Central America and the Caribbean Program Services RESEARCH 26980 Europe (Including Iceland and Greenland) Program Services RESEARCH 12497 75383017 75383017 South Asia Research 41910 WIRE 0 1 Scholarship Europe (Including Iceland and Greenland) 34 573356 CR STUD ACCT Scholarship East Asia and the Pacific 18 315946 CR STUD ACCT Research Grant North America 2 15778 WIRE true false true true true true Schedule F, Part I, Line 2 The University monitors the use of grant funds for research sub-awards outside the United States by requiring technical reports which are reviewed and approved by the University before submitting payment. We also have a comprehensive monitoring process by which all sub-recipients are evaluated prior to obtaining an award. Research expenditures for this program are for undergraduates, these are pre-approved by the funding agency and technical reports are submitted upon completion of trip for review and approval. All University expenditure guidelines are followed before payments are disbursed for program expenditures. Grant funds are verified in the student financial aid process according to University procedures and distributed as credits to student receivable accounts at the University. Schedule F, Part I, Line 3 The University utilizes the accrual method of accounting. true Village of Potsdam PO Box 5168 Potsdam NY 13676 156001369 Local Govt 84000 Donation Town of Potsdam 35 Market Street Potsdam NY 13676 156001107 Local Govt 6000 Donation Potsdam Rescue Squad Elm Street Potsdam NY 13676 166051465 Local Govt 10000 Donation 3 Summer Awards 14 44818 Clarkson Honoraries 64 2219305 Clarkson Veteran Scholarship 4 19670 Endowed/Sponsored/Government 1133 2248375 Grant in Aid 48 2129509 Graduate Scholarships 603 3242881 Partial Tuition 319 1976799 Research Assistant - Tuition Remission 217 2248525 Resident Advisors - Allowance 66 607825 Room, Board, & Maintenance 58 139644 Supplemental Financial Aid Summer 40 121528 Supplementary Trustee Scholarship 57 2725891 Teaching Assistant Scholarship 116 2723765 Trustee Scholarship 2773 81770042 HIGHER EDUCATION EMERGENCY RELIEF FUND 1287 2590707 Schedule I, Part I, Line 2 The University provides funding to faculty and students for scholarships, research and other projects. Expenses must be substantiated under the Accountability Plan to ensure proper use of funds. Students must meet the requirements specified in the respective award program in order to receive the award. The requirements include criteria such as financial need, obtaining/maintaining the required grade point average and studying in a certain economic discipline, etc. If the scholarship is ongoing, the student must continue to meet the scholarship requirements in order to be awarded a scholarship in subsequent years. Financial need, grade point averages and other scholarship criteria are continually monitored to determine whether the student meets the criteria. SCHEDULE I, PART III The Coronavirus Aid, Relief, and Economic Security (CARES) Act was enacted into law on March 27, 2020 as a $2 Trillion National Economic Rescue Package. Approximately $14B of the funding was reserved for higher education institutions and the students they serve through the higher education emergency relief fund (HEERF). Clarkson was allocated approximately $2,590,707 from the Fund, all of which was awarded as emergency financial aid to students during the year ending June 30, 2020. X X X true true X X X X X X false false false false false false false true false Anthony Collins President 467019 0 250000 0 202073 0 21673 0 39273 0 980038 0 0 0 Casey Jones Head Men's Hockey Coach 287965 0 13250 0 5868 0 25440 0 34088 0 366611 0 0 0 Farzad Mahmoodi Prof./Dir. Supply Chain Mgmt 304709 0 0 0 1503 0 24125 0 27898 0 358235 0 0 0 William Jemison Dean of School of Engineering 320158 0 0 0 103 0 25440 0 11807 0 357508 0 0 0 Peter Turner Former Director Stem Inst. 152303 0 0 0 166348 0 13288 0 11638 0 343577 0 0 0 Augustine Lado Dean of School of Business 285213 0 0 0 103 0 25440 0 31413 0 342169 0 0 0 Charles Thorpe Interim Dean of Arts & Science 286320 0 0 0 158 0 25440 0 22778 0 334696 0 0 0 Matthew Desrosiers Head Women's Hockey Coach 271847 0 5000 0 2447 0 24831 0 28460 0 332585 0 0 0 V Suryadevara Professor 269576 0 0 0 495 0 20043 0 25454 0 315568 0 0 0 Ruth Baltus Professor 111674 0 0 0 142395 0 11055 0 16150 0 281274 0 0 0 Matthew Draper VP for Dev. & Alumni Rel. 257542 0 0 0 24 0 21844 0 0 0 279410 0 0 0 Kerop Janoyan Dean of Graduate School 195572 0 0 0 36 0 19392 0 56342 0 271342 0 0 0 Brian Grant VP for Enroll & Student Adv. 178987 0 0 0 1255 0 17933 0 32913 0 231088 0 0 0 Kelly Chezum VP For External Relations 180480 0 0 0 1055 0 17867 0 27054 0 226456 0 0 0 James Fish CFO (THRU 9/19) 180738 0 0 0 24852 0 17381 0 1068 0 224039 0 0 0 Ian Hazen Dir. Of Facilities & Services 192958 0 0 0 36 0 18669 0 11936 0 223599 0 0 0 Goodarz Ahmadi Professor 190205 0 0 0 495 0 18498 0 12807 0 222005 0 0 0 Joshua Fiske Chief Information Officer 165772 0 0 0 22 0 15936 0 233 0 181963 0 0 0 Schedule J, Part I, Line 1a Travel for companions and gross up payments were provided to an officer of the University. These benefits were provided as taxable compensation. The non-taxable benefit is included in Part II, Column D. A personal residence was provided to the President as a mandatory condition of employment and was not taxable based on section 119 of IRC. Schedule J, Part I, Line 4 Retirement Plan The President participates in a non-qualified compensation retirement plan. The plan was created during 2010 with the approval of the executive committee, an independent and disinterested party, in order to align the president's total compensation with comparable universities and to ensure the president's long-term employment with Clarkson University. The current year distribution from the plan was $200,000, plus accrued interest, for a total of $200,181. This distribution is included in the total reported on Part II, Column B(iii). Schedule J, Part I, Line 7 Performance Awards The Executive Committee may, at its discretion, award the President a performance award each year in connection with an evaluation of his performance. The evaluation is based on his accomplishments against goals and objectives during the year. The President may, at his discretion, award employees with a performance award. The Head Men's Hockey Coach and the Head Women's Hockey Coach were given this award based on an evaluation of their was given this award based on an evaluation of his performance. The evaluation is based upon their accomplishments against goals and objectives during the year. Retirement Incentive Program Ruth Baltus received $142,316 and Peter Turner received $166,101 during 2019 pursuant to a retirement incentive program. This was a one-time program initiated in June 2018 to encourage a large scale retirement of faculty and staff. Employees were offered a fixed percentage of their salary in a lump sum payment if they committed to retiring within a certain period of time. The compensation received by the Ruth Baltus and Peter Turner under this program is included in Part II, column B(iii). A St Lawrence County Ind Dev Agency Series 2011 272614310 791078AG3 2011-07-28 14754334 Dormitory & Lab Renovations false false false B St Lawrence County Ind Dev Agency Series 2012A 272614310 791078AK4 2012-05-21 19060719 Refund 2009 Issue and Renovate Dor false false false C St Lawrence County Ind Dev Agency Series 2012B 272614310 791078AL2 2012-05-21 3070770 Dormitory Renovations false false false D City of Schenectady Ind Dev Agency Series 2008A 141699509 806476BY2 2008-01-30 5660000 Graduate Center Construction false false false A 1185000 0 14754334 0 0 0 282080 0 0 14472254 0 0 2011 false false true true B 0 0 19060719 0 0 0 266336 0 0 7942715 10851668 0 2012 true false true true C 0 0 3070770 0 0 0 57033 0 0 3013737 0 0 2013 false false true true D 1350000 0 5660000 0 0 0 102500 76890 0 5480610 0 0 2009 false false true true A false false false true true 0.01190 0.01190 false false false true B false false true true false 0 false false false true C false false false false 0 false false false true D false false false false 0 false false false true A false false true false false false 0 false 0 false true B false false true false false false 0 false 0 false true C false false true false false false 0 false 0 false true D false false true false true false 0 false 0 false true A true B true C true D true Schedule K, Part II, Line 11 05/21/2012 19,060,719 St Lawrence County Industrial Dev Agency Series 2 $10,851,657 was used to refund the 2009 mortgage. Schedule K, Part IV, Line 2b 07/28/2011 14,754,334 St Lawrence County Industrial Dev Agency Series 2 The two year spending exception was satisfied. Schedule K, Part IV, Line 2b 05/21/2012 19,060,719 St Lawrence County Industrial Dev Agency Series 2 The two year spending exception was satisfied. Schedule K, Part IV, Line 2b 05/21/2012 3,070,770 St Lawrence County Industrial Dev Agency Series 2 The two year spending exception was satisfied. Schedule K, Part IV, Line 2b 01/30/2008 5,660,000 City of Schenectady Industrial Dev Agency Series 2 The two year spending exception was satisfied. Schedule K, Part II, Line 11 04/27/2017 33,802,512 St Lawrence County Industrial Dev Agency Series 2 $21,147,000 and $1,241,219 was used in refunding of 2007 and 2003 issues. A St Lawrence County Ind Dev Agency Series 2017 272614310 791078CK2 2017-04-27 33802512 Refund 2003 & 2007 Issues & Buildi false false false A 0 0 33802512 0 0 0 360445 0 0 5341145 28093510 7412 true false false true A false false true true true true 0.03019 0.03019 false false false true A false true false false false false 0 false 0 false true A true X 53 1828373 Avg Date of Contr X Miscellaneous 1 329 FMV false true true Schedule M, Part I, Line 32b The University uses a broker to convert gifts of securities to cash. Form 990, Part III, Line 1 Clarkson University is an independent, nationally recognized technological university whose faculty of teacher-scholars aspires to offer superior instruction and engage in high-quality research and scholarship in engineering, business, science, health, and liberal arts. Our primary mission is to educate talented and motivated men and women to become successful professionals through quality pre-collegiate, undergraduate, graduate, and professional continuing educational programs, with particular emphasis on the undergraduate experience. Our community and campus settings enhance the quality of student life and afford students access to, and interaction with, their faculty. We value the diversity of our University community, and we strive to attune ourselves and our programs to our global, pluralistic society. We share the belief that humane economic and social development derive from the expansion, diffusion, and application of knowledge. Form 990, Part VI, Section A, Line 2 Bayard D Clarkson Sr. and Bayard D Clarkson Jr. are both current Trustees and have a family relationship. Form 990, Part VI, Section B, Line 11b The following process was observed by the University regarding the IRS Form 990: The return was prepared by management with a review performed by a qualifying tax consultant; a draft was presented to the Audit Committee of the Board of Trustees for review and approval; a copy of the final return was distributed to all board members before electronically filing the return with the Internal Revenue Service. Form 990, Part VI, Section B, Line 12c All trustees, officers and key employees are required to annually complete a conflict of interest statement. The statements are reviewed by the chair of the Audit Committee and addressed in governance meetings as needed. Form 990, Part VI, Section B, Line 15 The University's top management official is the President, the Chief Financial Officer is the Treasurer of the corporation, the Vice President for External Relations is the Assistant Secretary to the Board of Trustees and the key employees are as follows: Chief Information Officer, Dean of the Graduate School, Director of Facilities and Services, Dean of the School of Business, Interim Dean of the School of Arts and Sciences, Vice President for Enrollment and Student Advancement, Dean of the School of Engineering and the Vice President for Development and Alumni Relations. The above positions' compensation packages are reviewed by the Compensation Committee of the Board of Trustees' Executive Committee. The committee conducts a comprehensive review by using data from multiple sources (most notably, data from independent compensation consultants, the Association of Independent Technological Universities and the College & University Professional Association of Human Resources) for comparable Universities. Performance input was solicited from the full board and Executive Committee into the Compensation Committee deliberations and documented in the Executive Committee meeting minutes. This process is performed annually. The University believes its procedures regarding executive compensation meet the rebuttable presumption requirements described in regulation section 53.4958-6(c). Form 990, Part VI, Section C, Line 19 The University posts its Conflict of interest policy on its website in the Operations Manual found under the Human Resources link. The consolidated financial statements are available on the University's website, while the IRS Form 990, Form 990T, and governance documents are made available upon request. Form 990, Part XI, Line 9 Related entity revenue $ (238,273) Change to post-retirement benefits $ 1,516,602 Change in value of split-interest agreements $ (129,775) --------------- Total $ 1,148,554 Beacon Institute for Rivers & Estuaries 199 Main Street Beacon NY 12508 141883215 Environmtl Ed NY 501(c)(3) 7 NA true JR Weston Inc PO Box 333 Potsdam NY 13699 150490300 Hotel NY NA C Corp 1187402 2752579 1.00000 true Charitable Remainder Trusts NY (3) 8 Clarkson Avenue Box 5546 Potsdam NY 13699 Charitable Tr NY NA Trust true Charitable Remainder Trusts FL (2) 8 Clarkson Avenue Box 5546 Potsdam NY 13699 Charitable Tr FL NA Trust true Charitable Remainder Trusts SC (2) 8 Clarkson Avenue Box 5546 Potsdam NY 13699 Charitable Tr SC NA Trust true Charitable Remainder Trusts AZ (1) 8 Clarkson Avenue Box 5546 Potsdam NY 13699 Charitable Tr AZ NA Trust true Charitable Remainder Trusts NJ (1) 8 Clarkson Avenue Box 5546 Potsdam NY 13699 Charitable Tr NJ NA Trust true Charitable Remainder Trusts MA (1) 8 Clarkson Avenue Box 5546 Potsdam NY 13699 Charitable Tr MA NA Trust true Charitable Remainder Trusts ME (1) 8 Clarkson Avenue Box 5546 Potsdam NY 13699 Charitable Tr ME NA Trust true false false false false false false false false false false false true true false true true true false true JR Weston Inc p 275505 Cost JR Weston Inc q 160697 Cost