2020-06-01T15:28:13-05:00 2019-06-30 KPMG LLP 515 Broadway 4th Floor Albany NY 122072974 990 2018-07-01 150543659 Clarkson University % Keith Rosser CLAR 3152682089 8 Clarkson Avenue Box 5546 Potsdam NY 136995546 ROBERT CREE CFO 3152687258 2020-06-01 true Todd P Teresco P00247720 5184274600 2020-05-26 199.207.253.96 14012520201535000000 2020-06-01 P EC4CAE4DABBF2D41825E3CF88D329D8D98EEF318 EC4CAE4DABBF2D41825E3CF88D329D8D98EEF318 2018 2020-11-06 18:47:13Z Anthony G Collins 8 Clarkson Avenue Box 5500 Potsdam NY 13699 285724596 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. 36 36 2733 1294 349835 204868 26522778 30549806 192238201 198778489 7824184 11433630 3370817 4229001 229955980 244990926 94453102 100799206 0 0 85851585 83954632 0 0 2675718 52624688 54133286 232929375 238887124 -2973395 6103802 433537056 444961390 142782061 136848579 290754995 308112811 See Schedule O false false 211800479 100270403 172182071 Higher Education: Provide instruction, research, public service, campus support, etc. for undergraduate and graduate students. (4,000 FTE students) U.S. News & World Reports 2019 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 schools academic quality, as indicated by its 2019 U.S. News Best Colleges ranking, and the 2017-2018 net cost of attendance for a student who receives the average level of need-based financial aid. Additionally, U.S. News ranks Clarkson among its 'Best Colleges for Veterans' in the National University category. Clarkson was named in Industry Week as one of their Top Ten Best Colleges for Producing Engineers while Forbes named Clarkson as one their Top 25 STEM Colleges for 2018. 9246858 528803 29618670 Extracurricular programs, general/other auxiliary enterprises such as housing, dining, and recreational services for its students. (3,583 FTE students) 540607 Conferences & Workshops 221047337 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 443 0 true 2733 true true true false false false false false false false false false false false X 36 36 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 Carolyn A Brandsema Trustee 1.0 0.0 X 0 0 0 Robert A Campbell Trustee 10.0 0.0 X 0 0 0 Amy E Castronova Trustee 1.0 0.0 X 0 0 0 Lauretta M Chrys Trustee 1.0 0.0 X 0 0 0 Bayard D Clarkson Jr Trustee 1.0 0.0 X 0 0 0 Bayard D Clarkson Sr Trustee 1.0 0.0 X 0 0 0 Charles R Craig Trustee 1.0 0.0 X 0 0 0 Judith J Foster Trustee 1.0 0.0 X 0 0 0 Richard R Griffith Trustee 1.0 0.0 X 0 0 0 David K Heacock Trustee 1.0 0.0 X 0 0 0 Dianna Jones Herrmann Trustee 1.0 0.0 X 0 0 0 Thomas L Kassouf Trustee 10.0 0.0 X 0 0 0 Lawrence D Kingsley Trustee 1.0 0.0 X 0 0 0 Sanjeev R Kulkarni Trustee 1.0 0.0 X 0 0 0 Earl R Lewis Trustee 1.0 0.0 X 0 0 0 Jody A Markopoulos Trustee 1.0 0.0 X 0 0 0 James W Ransom Trustee 1.0 0.0 X 0 0 0 Nancy D Reyda Trustee 2.0 0.0 X 0 0 0 Stephen D Ryan Trustee 2.0 0.0 X 0 0 0 Frank R Schmeler Trustee 1.0 0.0 X 0 0 0 Raymond L Skowyra Jr Trustee 2.0 0.0 X 0 0 0 Jean E Spence Trustee 10.0 0.0 X 0 0 0 Robert P Ziek Jr Trustee 2.0 0.0 X 0 0 0 Kaitlin P Monte Trustee 1.0 0.0 X 0 0 0 Daniel Hentzelman Trustee 2.0 0.0 X 0 0 0 Lisa Napolione Trustee 1.0 0.0 X 0 0 0 Kenneth V Camarco Trustee 1.0 0.0 X 0 0 0 Peter J Devlin Trustee 1.0 0.0 X 0 0 0 Robert A DiFulgentiz Trustee 1.0 0.0 X 0 0 0 Georgia Keresty Trustee 1.0 0.0 X 0 0 0 Kenneth S Lally Trustee 1.0 0.0 X 0 0 0 Rajan Raghavan Trustee 1.0 0.0 X 0 0 0 Cody A Rosen Trustee 1.0 0.0 X 0 0 0 W Ashley Twining Trustee 1.0 0.0 X 0 0 0 David A Walsh Trustee 1.0 0.0 X 0 0 0 Dennis G Weller Trustee 1.0 0.0 X 0 0 0 Anthony Collins President 50.0 1.0 X 827864 0 59266 James Fish Chief Financial Officer 50.0 2.0 X 254403 0 33041 Kelly Chezum VP for External Relations 50.0 1.0 X 176235 0 49080 Kerop Janoyan Dean of Graduate School 40.0 0.0 X 190019 0 73669 Ian Hazen Dir. of Facilities & Services 40.0 0.0 X 183569 0 30435 Charles Thorpe Interim Dean of Ars & Sciences 40.0 0.0 X 286870 0 45858 Brian Grant VP fo Enroll. & Student Adv. 40.0 0.0 X 173768 0 51045 William Jemison Dean of School of Engineering 40.0 0.0 X 291014 0 44488 Matthew Draper Interim VP Dev. & Alumni Rel. 40.0 0.0 X 239726 0 21542 Augustine Lado Interim Dean of School of Bus. 40.0 0.0 X 262562 0 59303 Matthew Desrosiers Head Women's Hockey Coach 40.0 0.0 X 277210 0 56739 Farzad Mahmoodi Prof./Dir. Supply Chain Mgmt 40.0 0.0 X 277503 0 57106 V Suryadevara Professor 40.0 0.0 X 269691 0 37927 James Bonner Chief Research Officer 40.0 0.0 X 435233 0 17033 Casey Jones Head Men's Hockey Coach 40.0 0.0 X 273899 0 59468 Peter Turner Former Director STEM Inst. 40.0 0.0 X 199801 0 42496 Goodarz Ahmadi Professor 40.0 0.0 X 192163 0 30090 Patrick Roche Former VP Dev. & Alumni Rel. 40.0 0.0 X 226057 0 13857 Dayle Smith Former Dean of School of Bus. 40.0 0.0 X 185659 0 22791 5223246 0 805234 159 true true false Northern Tier Contracting Inc 329 Scotch Settlment Rd Gouverneur NY 13642 Construction Svcs 5441333 AJK Site Development Inc 11790 NY-37 Waddington NY 13694 Construction Svcs 1326091 EAB Global Inc PO Box 603519 Charlotte NC 28260 Consulting 826530 Lavack's Custom Builders Inc 51 Churchill Ave Massena NY 13662 Construction Svcs 737679 Hellmuth Obata Kassabaum PC 211 N Broadway Ste 700 St Louis MO 63102 Architectural Svcs 637183 27 12461828 18087978 1144636 30549806 Tuition & Fees 611310 168619212 168619212 Auxiliary Enterprises - Room 721000 18679526 18679526 Auxiliary Enterprises - Board 722320 10920137 10920137 Auxiliary Enterprises - Other 900099 19007 19007 Conferences & Workshops 611310 540607 525578 15029 198778489 1115518 282585 832933 0 29682 29682 0 0 0 50990913 60869 40645834 87836 10345079 -26967 10318112 10318112 0 0 0 0 0 0 0 0 0 Program Registration Fees 611310 150840 150840 Athletic Revenues 711210 509684 509684 Space Rental 532000 204153 204153 3334642 3207866 67250 59526 4199319 244990926 202326319 349835 11764966 50000 50000 99279293 99279293 1469913 1469913 0 3340857 1742563 1598294 0 61346776 55007519 4874684 1464573 4039851 3470967 455936 112948 11085941 9524841 1251154 309946 4141207 3558050 467375 115782 0 530532 113041 417491 209185 209185 104861 104861 0 435612 435612 3798802 2608184 1078900 111718 1659074 1438244 194888 25942 0 0 0 3643979 3107199 536780 3449620 3186061 107206 156353 0 0 2699225 2432048 267177 0 9910346 9678564 5603 226179 955753 78111 877642 Supplies 6656075 5948119 688791 19165 Food Serice 6886464 6690457 182601 13406 Research Sub-Contracts 1258566 1258566 Equipment Rentals/External Mai 1885171 1366970 515739 2462 10050021 8498154 1434623 117244 238887124 221047337 15164069 2675718 0 0 13721897 12006818 4062374 5126321 8940375 8105526 0 0 0 0 0 0 221757 221510 2688827 1326979 356619132 154872300 191234756 201746832 87114312 97823052 115404579 109823870 9512974 8132031 0 0 635205 648451 433537056 444961390 11197900 12888852 0 0 6801902 7731426 72686602 72111917 1578981 1363445 0 0 1161516 745595 0 1250000 49355160 40757344 142782061 136848579 X 115541603 138185558 0 0 175213392 169927253 290754995 308112811 433537056 444961390 X 6103802 -2080372 13334386 X false true X true true true X 32800814 29779714 37145933 26522778 30549806 156799045 0 0 32800814 29779714 37145933 26522778 30549806 156799045 11293193 145505852 2788590 1477023 1129238 617152 862615 6874618 49294 379655 205868 634817 2852135 3399329 3695837 3285099 4132069 17364469 181672949 952377261 0.80092 0.80500 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED true true false false false true 12815 true 6322 false true 85724 104861 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 198326348 4249592 8251113 8424346 704243 201698464 191141142 1697774 13718538 7517738 713368 198326348 177099281 2480849 19925601 7651323 713266 191141142 186140355 6272274 -6962416 7634292 716640 177099281 192917861 4944745 -3839510 7337438 545303 186140355 0.27200 0.62500 0.10300 false false 16000 16611065 16627065 284165358 119896293 164269065 42057900 34976007 7081893 13768809 13768809 201746832 2670327 F HEDGE FUNDS 45717830 F PRIVATE EQUITY 13278615 F VENTURE CAPITAL 7818619 F REAL ASSETS 5215661 F INTERNATIONAL EQUITY 35122818 F 109823870 0 FEDERAL & OTHER LOAN PROGRAMS 8511371 CONDITIONAL ASSET RETIREMENT O 5635019 POST RETIREMENT BENEFIT 14053694 PRESENT VALUE OF ANNUITY PAYME 5918249 LOAN PLEDGE LIABILITY 68177 MISCELLANEOUS 6570834 40757344 X 256487818 -2080372 14623669 12543297 243944521 435612 610793 1046405 244990926 239130002 1350144 1350144 237779858 435612 671654 1107266 238887124 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 Universitys endowment fund is to support the Universitys 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 $ 1,351,989 Change to post-retirement benefits $ 13,271,680 --------------- Total $ 14,623,669 Schedule D, Part XI, Line 4b Interest on student loans $ 22,072 Change in annuity & life income funds $ 293,992 Change in value of split-interest agreements $ (5,801) Related entity revenue $ 44,660 Other Fees $ 255,870 --------------- Total $ 610,793 Schedule D, Part XII, Line 2d Related entity expense $ 1,350,144 --------------- Total $ 1,350,144 Schedule D, Part XII, Line 4b Interest on student loans $ 22,072 Change in annuity & life income funds $ 293,992 Change in value of split-interest agreements $ 99,720 Other Fees $ 255,870 --------------- Total $ 671,654 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 69218103 Europe (Including Iceland and Greenland) Investments 1127890 Europe (Including Iceland and Greenland) Grantmaking 574336 East Asia and the Pacific Grantmaking 378027 North America Grantmaking 15500 Europe (Including Iceland and Greenland) Program Services Global Bus. Program 254989 East Asia and the Pacific Program Services Global Bus. Program 239691 Sub-Saharan Africa Program Services Global Bus. Program 58487 North America Program Services Research 88176 Central America and the Caribbean Program Services Research 88175 Europe (Including Iceland and Greenland) Program Services Research 56611 72099985 72099985 North America Research 25660 Wire 1 Scholarship Europe (Including Iceland and Greenland) 36 574336 Cr Stud Acct Scholarship East Asia and the Pacific 19 378027 Cr Stud Acct Scholarship North America 1 15500 Cr Stud Acct Provide housing & travel East Asia and the Pacific 37 103874 Credit Card Provide housing & travel East Asia and the Pacific 26 71770 Check Provide housing & travel Europe (Including Iceland and Greenland) 55 195454 Wire Provide housing & travel Europe (Including Iceland and Greenland) 10 35082 Credit Card Provide housing & travel Sub-Saharan Africa 8 28972 Wire Provide housing & travel Sub-Saharan Africa 6 18608 Credit Card Consultant North America 2 22630 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 34000 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 26 80702 Clarkson Honoraries 65 2206452 Clarkson Veteran Scholarship 8 20195 Endowed/Sponsored/Government 1216 2448331 Fellowship - Tuition 3 5552 Grant in Aid 50 2341414 Graduate Scholarships 541 3337012 Partial Tuition 322 1538595 Research Assistant - Tuition Remission 194 2213967 Resident Advisors - Allowance 73 596150 Room, Board, & Maintenance 59 181784 Supplemental Financial Aid Summer 32 175775 Supplementary Trustee Scholarship 59 2565654 Teaching Assistant Scholarship 118 2846094 Trustee Scholarship 2851 78721616 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. X X X true true X X X X X X true true false false false false false true false Anthony Collins President 576652 0 100000 0 151212 0 20138 0 39128 0 887130 0 0 0 James Fish Chief Financial Officer 254245 0 0 0 158 0 24967 0 8074 0 287444 0 0 0 Kelly Chezum VP for External Relations 176180 0 0 0 55 0 17690 0 31390 0 225315 0 0 0 Kerop Janoyan Dean of Graduate School 189983 0 0 0 36 0 19200 0 54469 0 263688 0 0 0 Ian Hazen Dir. of Facilities & Services 182845 0 0 0 724 0 18576 0 11859 0 214004 0 0 0 Charles Thorpe Interim Dean of Ars & Sciences 286712 0 0 0 158 0 25440 0 20418 0 332728 0 0 0 Brian Grant VP fo Enroll. & Student Adv. 173713 0 0 0 55 0 17626 0 33419 0 224813 0 0 0 William Jemison Dean of School of Engineering 290911 0 0 0 103 0 25825 0 18663 0 335502 0 0 0 Matthew Draper Interim VP Dev. & Alumni Rel. 209704 0 30000 0 22 0 21542 0 0 0 261268 0 0 0 Augustine Lado Interim Dean of School of Bus. 262459 0 0 0 103 0 27045 0 32258 0 321865 0 0 0 Matthew Desrosiers Head Women's Hockey Coach 274863 0 0 0 2347 0 23616 0 33123 0 333949 0 0 0 Farzad Mahmoodi Prof./Dir. Supply Chain Mgmt 277400 0 0 0 103 0 23633 0 33473 0 334609 0 0 0 V Suryadevara Professor 269196 0 0 0 495 0 19795 0 18132 0 307618 0 0 0 James Bonner Chief Research Officer 131917 0 303237 0 79 0 10520 0 6513 0 452266 0 0 0 Casey Jones Head Men's Hockey Coach 268273 0 0 0 5626 0 25320 0 34148 0 333367 0 0 0 Peter Turner Former Director STEM Inst. 199306 0 0 0 495 0 19298 0 23198 0 242297 0 0 0 Goodarz Ahmadi Professor 191668 0 0 0 495 0 18188 0 11902 0 222253 0 0 0 Patrick Roche Former VP Dev. & Alumni Rel. 63706 0 0 0 162351 0 6277 0 7580 0 239914 0 0 0 Dayle Smith Former Dean of School of Bus. 138541 0 0 0 47118 0 13495 0 9296 0 208450 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 Severance The Former VP of Development and Alumni Relations received a severance payment in the amount of $162,346 from the University. This amount is included in the total reported on Part II, Column B(iii). Retirement Plan The President participates in a non-qualified deferred 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 Presidents total compensation with comparable universities and to ensure the Presidents long-term employment with Clarkson University. The current year distribution from the plan was $150,000, plus accrued interest, for a total of $150,150. 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 Interim Vice President for Development & Alumni Relations 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 The Chief Research Officer received payments during 2018 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 Chief Research Officer under this program is included in Part II, column B(ii). 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 895000 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 10851667 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 1185000 0 5660000 0 0 0 102500 76890 0 5480610 0 0 2009 false false true true A false false false true true 0.01220 0.01220 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 22388219 5712703 true false false true A false false true true true true 0.03020 0.03020 false false false true A false true false false false false 0 false 0 false true A true X 80 1101844 Avg Date of Contr X Athletic Equipment 1 675 FMV X Tools 1 26740 FMV X Miscellaneous 10 15377 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 Universitys 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: Dean of the Graduate School, Director of Facilities and Services, Interim 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 Interim 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 Universitys 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 $ (42,815) Change to post-retirement benefits $ 13,271,680 Change in value of split-interest agreements $ 105,521 --------------- Total $ 13,334,386 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 1594846 2945587 1.00000 true Charitable Remainder Trusts NY (3) 8 Clarkson Avenue Box 5546 Potsdam NY 13699 Charitable Trust NY NA Trust true Charitable Remainder Trusts FL (2) 8 Clarkson Avenue Box 5546 Potsdam NY 13699 Charitable Trust FL NA Trust true Charitable Remainder Trusts SC (2) 8 Clarkson Avenue Box 5546 Potsdam NY 13699 Charitable Trust SC NA Trust true Charitable Remainder Trusts AZ (1) 8 Clarkson Avenue Box 5546 Potsdam NY 13699 Charitable Trust AZ NA Trust true Charitable Remainder Trusts NJ (1) 8 Clarkson Avenue Box 5546 Potsdam NY 13699 Charitable Trust NJ NA Trust true Charitable Remainder Trusts MA (1) 8 Clarkson Avenue Box 5546 Potsdam NY 13699 Charitable Trust MA NA Trust true Charitable Remainder Trusts ME (1) 8 Clarkson Avenue Box 5546 Potsdam NY 13699 Charitable Trust ME NA Trust true false false true false false false false false false false false true true false true true true false true JR Weston Inc p 312858 Cost JR Weston Inc q 196760 Cost Beacon Institute for Rivers and Estuaries c 53241 FMV