2020-04-29T15:17:40-05:00 2019-06-30 141555429 UHY ADVISORS NY INC 4 TOWER PLACE EXECUTIVE PARK 7TH FLOOR ALBANY NY 12203 990 2018-07-01 141338371 THE COLLEGE OF SAINT ROSE COLL 5184542066 432 WESTERN AVENUE ALBANY NY 12203 DEBRA LEE POLLEY TREASURER 5184542066 2020-04-29 1 JAMES DANIELS P00603621 5184493166 2020-04-29 209.99.101.4 2020-04-29 10:04:41 ED P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 93F9E8AA369166CBE647ECEF2B865D792BADA757 2018 2020-09-23 17:36:50Z DR CAROLYN J STEFANCO 432 WESTERN AVENUE ALBANY NY 12203 184845174 0 X WWW.STROSE.EDU X 1920 NY TO PROVIDE HIGHER EDUCATIONAL OPPORTUNITIES. 27 27 1883 521 0 0 10050469 11370858 106031273 107710193 7078032 2110177 1126357 1076537 124286131 122267765 47796095 50774199 0 0 44007127 46724991 76776 345791 2787376 30353104 33128092 122233102 130973073 2053029 -8705308 182166836 173444011 67108324 67667790 115058512 105776221 X THE COLLEGE OF SAINT ROSE COMMUNITY ENGAGES HIGHLY MOTIVATED UNDERGRADUATE AND GRADUATE STUDENTS IN RIGOROUS EDUCATIONAL EXPERIENCES. IN THE PROGRESSIVE TRADITION OF THE FOUNDING SISTERS OF ST. JOSEPH OF CARONDELET, WE WELCOME MEN AND WOMEN FROM ALL RELIGIOUS AND CULTURAL BACKGROUNDS. IN ADDITION TO DEVELOPING THEIR INTELLECTUAL CAPACITIES, STUDENTS HAVE THE OPPORTUNITY TO CULTIVATE THEIR CREATIVE AND SPIRITUAL GIFTS IN A DIVERSE LEARNING COMMUNITY THAT FOSTERS INTEGRITY, INTERDEPENDENCE, AND MUTUAL RESPECT.THE COLLEGE DELIVERS DISTINCTIVE AND COMPREHENSIVE LIBERAL ARTS AND PROFESSIONAL PROGRAMS THAT INSPIRE OUR GRADUATES TO BE PRODUCTIVE ADULTS, CRITICAL THINKERS, AND MOTIVATED, CARING CITIZENS. OUR ENGAGEMENT WITH THE URBAN ENVIRONMENT EXPANDS THE SETTING FOR EDUCATIONAL OPPORTUNITIES AND ENCOURAGES THE SAINT ROSE COMMUNITY'S ENERGETIC INVOLVEMENT AND EFFECTIVE LEADERSHIP IN SOCIETY. 0 0 112560903 50774199 91581399 THE COLLEGE PROVIDES POST-SECONDARY EDUCATION TO BOTH UNDERGRADUATE AND GRADUATE STUDENTS. 112560903 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 1 1 0 1 0 1 0 1 1 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 141 0 1 1883 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 27 27 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X DEBRA LEE POLLEY 5184542066 432 WESTERN AVE ALBANY NY 12203 MR JAMES J BARBA TRUSTEE 0.25 X 0 0 0 MS MICHELLE BORISENOK TRUSTEE 20.00 X 0 0 0 MS RITA B CROTTY TRUSTEE 10.00 X 0 0 0 MS SHARON M DUKER TRUSTEE 1.00 X 0 0 0 SR MARGARET M EDIC CSJ TRUSTEE 5.00 X 0 0 0 SR ELIZABETH GIARRUSSO CSJ TRUSTEE 15.00 X 0 0 0 MR RYAN P HALLIDAY TRUSTEE 1.00 X 0 0 0 SR KATHERINE HANLEY CSJ TRUSTEE 3.00 X 0 0 0 MR GEORGE R HEARST III TRUSTEE 1.00 X 0 0 0 REV HOWARD J HUBBARD DD TRUSTEE 0.50 X 0 0 0 MS JULIE MASSRY KNOX TRUSTEE 2.00 X 0 0 0 SR JOAN LESCINSKI CSJ TRUSTEE 2.00 X 0 0 0 MR HAI LING TRUSTEE 0.50 X 0 0 0 MR MATTHEW H MATARASO TRUSTEE 5.00 X 0 0 0 MR LEE A MCELROY TRUSTEE 0.50 X 0 0 0 MR DANIEL P NOLAN TRUSTEE 2.00 X 0 0 0 MR KEVIN O'CONNOR TRUSTEE 10.00 X 0 0 0 DR KATHLEEN SULLIVAN RICKER TRUSTEE 2.00 X 0 0 0 MR JAMES J SANDMAN TRUSTEE 2.00 X 0 0 0 SR PATRICIA A ST JOHN CSJ TRUSTEE 5.00 X 0 0 0 SR MIRIAM UKERITIS CSJ TRUSTEE 1.00 X 0 0 0 SR J ELIZABETH VAN DEUSEN CSJ TRUSTEE 1.50 X 0 0 0 MS MARCIA J WHITE TRUSTEE 10.00 X 0 0 0 MR HAROLD L WILLIAMS TRUSTEE 3.00 X 0 0 0 SR DIANE ZIGO CSJ TRUSTEE 0.50 X 0 0 0 SR MARY ANNE HEENAN CSJ CHAIR 5.00 X X 0 0 0 MR I NORMAN MASSRY FIRST VICE CHAIR 5.00 X X 0 0 0 MR JEFFREY D STONE SECRETARY 1.00 X X 0 0 0 DR CAROLYN J STEFANCO PRESIDENT 75.00 X X 339976 0 165020 MS DEBRA LEE POLLEY VP FINANCE/ADMIN/TREASURER 65.00 X 178619 0 17641 MS MARY GRONDAHL VP CORP / ENROLLMENT MGMT 55.00 X 181799 0 23216 MS LISA HALEY THOMSON SECRETARY/CHIEF OF STAFF 72.00 X 130023 0 1583 MS DEVON STEIN DIR CORP FOUN & GOV RELATIONS 40.00 X 130053 0 929 MR IAN FARRELL VP FOR INSTITUTIONAL ADVAN 60.00 X 180683 0 14120 DR IAN MACDONALD DEAN MATH/SCIENCE 40.00 X 166188 0 22866 DR MARGARET MCLANE INTERIM PROVOST/VP ACADEMIC AFFAIRS 60.00 X 188757 0 14065 MR KENNETH MATHEWS INTERIM DEAN HUETHER SCHOOL OF BUSINESS 40.00 X 134444 0 17801 MR DENNIS MCDONALD VP STUDENT AFFAIRS/FORMER 55.00 X 121880 0 14150 MS NANCY WILLIAMSON FORMER CORP SEC'Y/GEN COUN 40.00 X 222819 0 18521 1975241 0 309912 38 1 1 0 ARAMARK CORPORATION PO BOX 198532 ATLANTA GA 30384 MAINT/FOOD SERVICE 3395181 BBL CONSTRUCTION SERVICES 302 WASHINGTON AVE EXT ALBANY NY 12203 CONSTRUCTION WORK 1386281 EAB 2445 M ST NW WASHINGTON DC 20037 PROFESSIONAL SERVICES 948069 WAINSCHAF ASSOCIATES INC 589 3RD AVE EXT RENSSELAER NY 12144 CARPENTRY 567656 CAROUSEL INDUSTRIES 659 SOUTH COUNTY TRAIL EXETER RI 02822 ITS WORK ON CAMPUS NETWORK 511690 30 6290860 5079998 41193 11370858 TUITION AND FEES 611710 91581399 91581399 AUXILIARY SERVICES 900099 16128794 16128794 107710193 925296 925296 63762290 62575588 1821 1186702 -1821 1184881 1184881 OTHER REVENUE 900099 1076537 1076537 1076537 122267765 91581399 0 19315508 50056428 50056428 717771 717771 1008688 1008688 35901621 29787059 4829437 1285125 1370678 1089615 234514 46549 5828023 4633025 953679 241319 2615981 2128759 393839 93383 465811 465811 262349 262349 78670 78670 345791 345791 3477426 3395181 82245 554890 76650 434976 43264 1923024 1686247 168651 68126 1463423 420554 1042067 802 1086417 859670 192420 34327 524578 390889 104494 29195 2045036 1685189 314716 45131 7460735 6028799 1266633 165303 790536 608901 154138 27497 OTHER CONTRACTUAL SERVI 3589446 1940644 1424128 224674 EDUCATIONAL 2912065 2912065 ADMIN AND GENERAL 2025582 2025582 UTILITIES 1599185 1329127 229175 40883 2868919 2348519 506638 13762 130973073 112560903 15624794 2787376 8994672 6734109 1920281 2650172 3874857 2636674 1486569 1471451 242369533 130566691 113595992 111802842 34902104 32086037 16851291 15303132 541070 759594 182166836 173444011 8814047 11884665 1300486 743300 55003834 53402039 1012967 651926 976990 985860 67108324 67667790 X 89779773 79838957 10634907 0 14643832 25937264 115058512 105776221 182166836 173444011 -8705308 -576983 0 X 0 1 X 1 1 1 X 12136593 9156085 8227912 10050469 11370858 50941917 12136593 9156085 8227912 10050469 11370858 50941917 50941917 407392 447399 484800 631996 925296 2896883 969744 841224 1088267 1126357 1076537 5102129 58940929 532057731 0.86430 0.86350 X PARTS I AND II/PUBLIC CHARITY STATUS AND SUPPORT SCHEDULE: THE COLLEGE QUALIFIES AS A PUBLIC CHARITY AS A SCHOOL DESCRIBED IN INTERNAL REVENUE CODE SECTION 170(B)(1)(A)(II). SCHEDULE A, PART II (SUPPORT SCHEDULE) HAS BEEN COMPLETED TO DEMOSTRATE ELIGIBILITY TO REPORT CONTRIBUTIONS ON SCHEDULE B UNDER THE APPLICABLE SPECIAL RULE. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 172982 X X 0 44730531 308388 1236133 1314148 44960904 42289235 191816 3486930 1237450 44730531 39278799 25663 4333993 1349220 42289235 41855559 288979 -1645904 -1219835 39278799 42001304 1387847 -379774 -1153818 41855559 0.47570 0.52430 0.00000 0 0 1974545 1974545 200319362 94070508 106248854 35728882 34342036 1386846 4346744 2154147 2192597 111802842 PRIVATE HEDGE FUND 9577358 F PRIVATE EQUITY FUND 1090010 F PRIVATE REIT 1462225 F LIMITED PARTNERSHIP 909437 F CASH AND CASH EQUIVALENTS 2264102 F 15303132 U.S. GOVERNMENT ADVANCES 985860 985860 X 70853663 -576983 -576983 71430646 50837119 50837119 122267765 80135954 0 80135954 50837119 50837119 130973073 PART III, LINE 4: DESCRIPTION OF ART, ETC., COLLECTIONS AND CONTRIBUTION TO EXEMPT PURPOSE: COLLECTIONS OF ART AND HISTORICAL MATERIALS ARE USED TO ENRICH THE LIBERAL ARTS EDUCATION PROVIDED BY THE COLLEGE. PART V, LINE 4: INTENDED USES OF ENDOWMENT FUNDS: THE PRIMARY USES OF THE ENDOWMENT ARE SCHOLARSHIPS AND AWARDS (BASED ON DONOR AGREEMENT), TO FUND NECESSARY CAPITAL PROJECTS, AND TO ADDRESS OTHER NEEDS OF THE COLLEGE AS APPROVED BY THE BOARD OF TRUSTEES. PART X, LINE 2: FIN 48 (ASC 740) FINANCIAL STATEMENTS NOTE RELATED TO UNCERTAIN TAX POSITIONS: THE COLLEGE BELIEVES THAT THERE ARE NO UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. THE COLLEGE HAS NO FEDERAL OR STATE INFORMATIONAL RETURNS THAT ARE CURRENTLY UNDER EXAMINATION BY THE INTERNAL REVENUE SERVICE ("IRS") OR STATE AUTHORITIES. PART XI, LINE 4B - OTHER ADJUSTMENTS: INSTITUTIONAL AID 50,837,119. PART XII, LINE 4B - OTHER ADJUSTMENTS: INSTITUTIONAL AID 50,837,119. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 POLICY IS PUBLISHED IN STUDENT HANDBOOK AND OTHER COLLEGE PUBLICATIONS, AS WELL AS THE COLLEGE'S WEBSITE. SCHEDULE E, PART I, LINE 6 THE COLLEGE RECEIVES GRANTS FROM THE FEDERAL GOVERNMENT TO HELP ACHIEVE AND FURTHER ITS EDUCATIONAL MISSION. THE COLLEGE ALSO RECEIVES FEDERAL AND NEW YORK STATE FUNDS THROUGH ITS STUDENTS IN THE FORM OF FEDERAL AND STATE STUDENT FINANCIAL AID AND ASSISTANCE. 0 EUROPE 0 0 STUDY ABROAD AND FACULTY LED PROGRAMS EDUCATIONAL 349577 EAST ASIA AND PACIFIC 0 0 STUDY ABROAD AND FACULTY LED PROGRAMS EDUCATIONAL 108527 EUROPE 0 0 INVESTMENTS 4622340 SOUTH ASIA 0 0 STUDY ABROAD AND FACULTY LED PROGRAMS EDUCATIONAL 33543 SOUTH AFRICA 0 0 STUDY ABROAD AND FACULTY LED PROGRAMS EDUCATIONAL 24750 0 0 0 0 0 0 5138737 0 5138737 STUDY ABROAD PROGRAM FOR STUDENTS EUROPE 20 349577 APPLIED TO STUDENTS ACCOUNTS STUDY ABROAD PROGRAM FOR STUDENTS EAST ASIA AND THE PACIFIC 8 108527 APPLIED TO STUDENTS ACCOUNTS STUDY ABROAD PROGRAM FOR STUDENTS SOUTH ASIA 2 33543 APPLIED TO STUDENTS ACCOUNTS STUDY ABROAD PROGRAM FOR STUDENTS SOUTH AFRICA 2 24750 APPLIED TO STUDENTS ACCOUNTS 0 0 0 0 0 0 PART I, LINE 2: PROCEDURE FOR MONITORING USE OF GRANT FUNDS: SCHOLARSHIPS AND SUPPORT FOR STUDY ABROAD PROGRAMS ARE AWARDED BASED ON NEED AND MONITORED ANNUALLY BASED ON STUDENTS' ACADEMIC PROFILES AND GUIDELINES AS PROVIDED TO STUDENTS. X X X X X X X 1 MPK&D PARTNERS 3114 HARFORD RD HYDES MD 21082 CAMPAIGN CONSULTANT 0 635000 260695 374305 THE STOCKADE GROUP 650 FRANKLIN STREET SCHENECTADY NY 12305 PHONE SOLICITATION 0 52110 48500 3610 FORT ORANGE PRESS 11 SAND CREEK RD ALBANY NY 12205 DIRECT MAIL 0 42916 7832 35084 CVENT 81 HARTWELL AVE STE 210 LEXINGTON MA 02421 FUNDRAISING EVENT 0 20037 12730 7307 USHERWOOD INC 432 WESTERN AVE ALBANY NY 12203 DIRECT MAIL 0 9125 1034 8091 RUFFALO NOEL LEVITZ 1025 KIRKWOOD PKWY SW CEDAR RAPIDS IA 52404 CONSULTANT: DIRECT MAIL, E-MAIL 0 1815 15000 -13185 761003 345791 415212 AZ CA DE FL GA ID IL IN IA KS KY LA ME MT NE NJ NM NY NC ND OH OK OR PA RI SD TN TX VT WV WI WY 1 SCHOLARSHIPS 2751 50056428 PART I, LINE 2: PROCEDURE FOR MONITORING USE OF GRANT FUNDS: SCHOLARSHIPS ARE AWARDED BASED ON NEED AND MONITORED ANNUALLY BASED ON STUDENTS' ACADEMIC PROFILES AND GUIDELINES AS PROVIDED TO STUDENTS. X X X X 1 1 X X X 1 1 0 0 0 0 0 0 0 DR CAROLYN J STEFANCO PRESIDENT 339976 0 0 0 0 0 164852 0 168 0 504996 0 0 0 MS DEBRA LEE POLLEY VP FINANCE/ADMIN/TREASURER 178619 0 0 0 0 0 1850 0 15791 0 196260 0 0 0 MS MARY GRONDAHL VP CORP / ENROLLMENT MGMT 181799 0 0 0 0 0 1850 0 21366 0 205015 0 0 0 MR IAN FARRELL VP FOR INSTITUTIONAL ADVAN 180683 0 0 0 0 0 1850 0 12270 0 194803 0 0 0 DR IAN MACDONALD DEAN MATH/SCIENCE 166188 0 0 0 0 0 1500 0 21366 0 189054 0 0 0 DR MARGARET MCLANE INTERIM PROVOST/VP ACADEMIC AFFAIRS 188757 0 0 0 0 0 1795 0 12270 0 202822 0 0 0 MR KENNETH MATHEWS INTERIM DEAN HUETHER SCHOOL OF BUSIN 134444 0 0 0 0 0 1250 0 16551 0 152245 0 0 0 MR DENNIS MCDONALD VP STUDENT AFFAIRS/FORMER 121880 0 0 0 0 0 1301 0 12849 0 136030 0 0 0 MS NANCY WILLIAMSON FORMER CORP SEC'Y/GEN COUN 172050 0 0 0 50769 0 846 0 17675 0 241340 0 0 0 PART I, LINE 1A THE OFFICIAL RESIDENCE OF THE PRESIDENT IS OWNED AND MAINTAINED BY THE COLLEGE AND IS SITUATED IN CLOSE PROXIMITY TO THE COLLEGE'S URBAN CAMPUS. THE PRESIDENT RESIDES IN HER OFFICIAL RESIDENCE AS A CONDITION OF EMPLOYMENT AND FOR THE CONVENIENCE OF THE COLLEGE. CERTAIN FUNDRAISING AND OTHER COLLEGE FUNCTIONS ARE HOSTED BY THE PRESIDENT IN THE OFFICIAL RESIDENCE UNDER STIPULATION IN HER EMPLOYMENT CONTRACT. THE PRESIDENT HAS ACCESS TO A SMALL DISCRETIONARY FUND, AND ALL COLLEGE POLICIES AND PROCEDURES ARE FOLLOWED FOR EXPENDITURES. THE COLLEGE PAYS VARIOUS SOCIAL CLUB FEES FOR COLLEGE REPRESENTATION WITHIN CERTAIN SOCIAL CLUBS. PART I, LINES 4A-B NANCY WILLIAMSON, FORMER CORPORATE SECRETARY/GENERAL COUNSEL: A SEVERANCE PACKAGE WAS PROVIDED TO MS. WILLIAMSON FOR THE PERIOD SEPTEMBER 2018 THROUGH MARCH 2019. THE AMOUNT PAID IN CALENDAR YEAR 2018 IS INCLUDED IN COMPENSATION IN PART II, COLUMN (B)(III). REMAINING $50,769 WAS PAID IN CALENDAR YEAR 2019. A SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN WAS ENTERED INTO BETWEEN THE COLLEGE OF SAINT ROSE AND PRESIDENT CAROLYN J. STEFANCO ON 11/13/18. THE TERMS OF THAT AGREEMENT ARE IT IS 100% EMPLOYER FUNDED. VESTING WILL OCCUR ON JUNE 30, 2020, AS LONG AS THE PRESIDENT IS STILL EMPLOYED AT THAT DATE. THE COLLEGE CURRENTLY HAS ESTABLISHED A MINIMUM OF $30,000 ANNUALLY TO THE ACCOUNT. ALL PROCEEDS IN THE ACCOUNT WILL BE PAYABLE IN A LUMP SUM TO THE PRESIDENT WITHIN NINETY (90) DAYS UPON TERMINATION OR RETIREMENT AND THE VESTING DATE. A CITY OF ALBANY CAPITAL RESOURCE CORPORATION 273467899 012432AN0 2011-07-19 21235000 TO FINANCE VARIOUS CAPITAL PROJECTS AT THE COLLEGE 0 0 0 B CITY OF ALBANY CAPITAL RESOURCE CORPORATION 273467899 012432BA7 2015-11-13 39760000 REFINANCE 2007 BONDS AND SWAP 0 0 0 A 21235000 1506293 1079918 571611 17951548 2012 0 0 1 1 B 39760000 445346 39314654 2015 1 0 1 1 A 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 A 0 0 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 0 0 A 0 B 0 X 5 18312 MARKET QUOTE X VARIOUS IN KIND 36 22881 FAIR VALUE 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B FORM 990 REVIEW PROCEDURES: THE FORM 990 IS MADE AVAILABLE FOR THE REVIEW OF THE GOVERNING BODY BEFORE FILING AND THEIR OBSERVATIONS ARE INCORPORATED AS APPROPRIATE IN THE PRESENTATION OF THE INFORMATION. REPRESENTATIVES OF THE GOVERNING BODY MEET WITH THE COLLEGE'S EXTERNAL AUDITORS WHERE THEY HAVE THE OPPORTUNITY TO ASK QUESTIONS IN REGARDS TO THE RETURN. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST POLICY PROCEDURES: ANNUAL CERTIFICATION OF COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY IS REQUIRED OF ALL MEMBERS OF THE GOVERNING BODY AND OFFICERS IN FEBRUARY EACH YEAR, AND OF NEWLY-APPOINTED INDIVIDUALS AT THE TIME OF APPOINTMENT. APPLICABLE CONFLICTS OF INTEREST ARE REPORTED TO THE AUDIT COMMITTEE AND INDIVIDUALS SUBJECT RECUSE THEMSELVES FROM THE DELIBERATIVE AND DECISION-MAKING PROCESSES WITH RESPECT TO MATTERS WHERE CONFLICT MAY EXIST. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION PROCEDURES: PERFORMANCE AND COMPARABILITY DATA RELATED TO OFFICERS' COMPENSATION IS REVIEWED BY INDEPENDENT MEMBERS OF THE EXECUTIVE COMMITTEE, WHOSE DELIBERATIONS AND DECISIONS ARE CONTEMPORANEOUSLY DOCUMENTED. FORM 990, PART VI, SECTION C, LINE 19 AVAILABILITY TO THE PUBLIC OF GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS: THESE ARE PROVIDED UPON REQUEST.