2020-07-15T12:21:21-07:00 2019-06-30 990 2018-07-01 150532239 St Lawrence University STLA 3152295591 23 Romoda Dr Canton NY 13617 Stephen Hietsch VP for Finance and Administration 3152295897 2020-07-15 67.249.23.233 2018 2020-09-23 17:36:50Z Stephen Hietsch 23 Romoda Dr Canton NY 13669 253069666 0 X www.stlawu.edu X 1856 NY The mission of St. Lawrence University is to provide an inspiring and demanding undergraduate education in liberal arts to students selected for their seriousness of purpose and intellectual promise. 42 40 2586 1099 4689273 35927 33514296 36287675 164297441 172936313 8889588 9484950 1298444 1078801 207999769 219787739 71932308 76639855 0 0 74129315 73113011 44114 183980 8279112 56698806 57474340 202804543 207411186 5195226 12376553 560938666 583189150 139663388 143498406 421275278 439690744 St. Lawrence University is a four year private, liberal arts higher education institution located in Canton, NY. The total program expenses are directed to the student body of approximately 2,400 for the purpose of preparing them to be critical and creative thinkers, to find a compass for their lives and careers, and to pursue knowledge and understanding for the benefits of themselves, humanity, and the planet. 0 0 182465800 76639855 183500064 St. Lawrence University is a four year, private, liberal arts higher education institution located in Canton, NY. The total program expenses are directed to the student body of approximately 2,400 for the purpose of preparing them to be critical and creative thinkers, to find a compass for their lives and careers, and to pursue knowledge and understanding for the benefit of themselves, humanity, and the planet. 0 0 0 182465800 1 1 0 0 0 1 0 1 0 1 1 1 0 0 1 0 0 1 1 1 1 0 1 1 0 0 0 1 1 1 1 0 0 0 0 0 0 1 1 1 1 1 1 0 0 1 1 1 0 0 0 1 319 0 1 2586 1 1 1 1 FR KE SP UK 0 0 0 1 1 0 0 0 1 0 0 0 0 0 X 42 40 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 AK MD MN ND NY SC WA X Stephen Hietsch 3152295897 23 Romoda Dr Canton NY 13617 Michael Ranger Chairman 2 0 X 0 0 0 Jennifer Curley Reichert Vice Chair 2 0 X 0 0 0 Lee Bailey Trustee 2 0 X 0 0 0 Jo Ann Campbell Trustee 2 0 X 0 0 0 Andre Couture Trustee 2 0 X 0 0 0 William Crombie Trustee 2 0 X 0 0 0 Sharee Freeman Trustee 2 0 X 0 0 0 Cheryl Grandfield Trustee 2 0 X 0 0 0 Samantha Guerry Trustee 2 0 X 0 0 0 Joanie Byrne Hall Trustee 2 0 X 0 0 0 Peter Hunt Trustee 2 0 X 0 0 0 Jay Ireland Trustee 2 0 X 0 0 0 Sarah Johnson Trustee 2 0 X 0 0 0 Charles Kellogg Trustee 2 0 X 0 0 0 Heather McCauley Trustee 2 0 X 0 0 0 S Georgia Nugent Trustee 2 0 X 0 0 0 Derrick Pitts Trustee 2 0 X 0 0 0 Thomas Saddlemire Trustee 2 0 X 0 0 0 Earl Samson Trustee 2 0 X 0 0 0 Nicoline Sawabini Trustee 2 0 X 0 0 0 Timothy Simpson Trustee 2 0 X 0 0 0 Marion Roach Smith Trustee 2 0 X 0 0 0 Elinor Tatum Trustee 2 0 X 0 0 0 James Tyler Trustee 2 0 X 0 0 0 Donna Winston Trustee 2 0 X 0 0 0 Joan Corey Trustee 2 0 X 0 0 0 Andrew Alvarez Trusterr 2 0 X 0 0 0 William Cowan Trustee 2 0 X 0 0 0 Tabitha Ferrer Flood Trustee 2 0 X 0 0 0 Zhihong Huang Trustee 2 0 X 0 0 0 Shauna Ryan King Trustee 2 0 X 0 0 0 Edward Keller Trustee 2 0 X 0 0 0 Lisa Tarbox Luke Trustee 2 0 X 0 0 0 W Scott O'Connell Trustee 2 0 X 0 0 0 Ashley T Jeffress Trustee 2 0 X 0 0 0 Jeffrey M Killeen Trustee 2 0 X 0 0 0 Mark Klett Trustee 2 0 X 0 0 0 Stephanie Birrell Luedke Trustee 2 0 X 0 0 0 Oke McAndrews Trustee 2 0 X 0 0 0 Kathleen Welch Trustee 2 0 X 0 0 0 William Wilson Trustee 2 0 X 0 0 0 Morgan Baker Trustee 2 0 X 0 0 0 Christian Ehrhardt Trustee 2 0 X 0 0 0 Gregory Ferrero Trustee 2 0 X 0 0 0 R Sheldon Johnson Trustee 2 0 X 0 0 0 Barry Phelps Trustee 2 0 X 0 0 0 William Fox President 40 0 X X 462256 0 131525 Stephen Hietsch VP for Finance and Administration 40 0 X 143006 0 27326 Karl Schonberg VP Academic Affairs 40 0 X 201905 0 58955 Lisa Cania Secretary 40 0 X 180913 0 27220 Jan Albano Acting CFO (retired) 40 0 X 113062 0 17992 Tom Pynchon VP Advancement 40 0 X 250553 0 40556 Joe Tolliver VP Student Affairs 40 0 X 182550 0 62544 Paul Redfern Vice President for University Communications 40 0 X 162375 0 29740 Florence Hines Vice President & Dean of Admissions&Financial Aid 40 0 X 133060 0 37932 Justin Sipher VP Information Technology 40 0 X 191217 0 35734 Obiora Udechukwu Professor 40 0 X 228256 0 17972 Val Lehr Professor 40 0 X 223133 0 21569 Mark Morris Men's Hockey Coach 40 0 X 217607 0 37954 Jeffrey Young Professor 40 0 X 198744 0 16616 Robert Thacker Professor 40 0 X 195687 0 16587 Joseph Manory Former Treasurer 0 0 X 281777 0 0 3366101 0 580222 66 1 1 0 Harvey Excavation and Construction Co Inc 354 Tiernan Ridge Rd Chase Mills NY 13621 Contractor Fees 2089373 Hellmuth Obata and Kassabaum 1065 Ave of the Americas New York NY 10018 Architectural Fees 996261 Canton Potsdam Hospital 50 Leroy St Potsdam NY 13676 Medical Services for Students 717258 Royall and Company 1920 E Parham Rd Richmond VA 23228 Marketing, Analysis, Recruitment Services 674513 Cambridge Associates 100 Summer St Boston MA 02110 investment management 599330 19 0 0 0 0 2266696 34020979 15651595 36287675 Tuition 611310 134314843 134314843 0 0 Campus Housing 721000 16649799 16649799 0 0 Food Service 722210 13791588 13791588 0 0 Hotel 721110 4266015 365899 3900116 0 Other 611710 3673832 3341551 332281 0 240236 0 240236 0 172936313 5389484 5406196 -16712 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 35917357 0 31821891 0 4095466 0 4095466 4050827 44639 0 0 0 0 0 0 0 0 0 0 0 0 0 2529837 1460036 1069801 890088 179713 0 Advertising 541800 9000 0 9000 0 0 0 0 0 9000 219787739 178810791 4689273 0 15000 15000 72322478 72322478 4302377 4302377 2922895 960148 1594282 368465 51774921 42732337 5427920 3614664 4456067 3677807 467160 311100 10190041 8410332 1068292 711417 3769087 3110809 395139 263139 454940 454940 139024 16438 122586 183980 183980 2650272 2650272 3931514 2974534 938805 18175 200749 115309 85440 8446277 7396171 670170 379936 1648283 824141 824142 6055950 5591316 350648 113986 3407432 2949992 163913 293527 146973 101939 26005 19029 4206276 4206276 10557684 8705817 1116488 735379 716673 650817 4837 61019 Other Contract Services 8099970 7611941 283056 204973 Room, Board Allow, Field trips, fellowship 2478910 2472959 5951 0 Entertainment 1563246 463873 247915 851458 Other 2770167 2398049 223253 148865 207411186 182465800 16666274 8279112 5081451 7418132 8530028 7864038 61469518 65548609 2709312 2726434 2923105 2268518 1905803 1788096 1586876 1365704 361648337 201384615 158268706 160263722 75645277 100190127 242818590 233755770 560938666 583189150 12490337 18318458 3095748 1835415 99855000 98920000 622500 481667 23599803 23942866 139663388 143498406 X 99849970 105999187 168343923 168189800 153081385 165501757 421275278 439690744 560938666 583189150 X 12376553 5280849 0 0 0 758064 X 0 1 X 1 1 1 X 12498132 18543222 37657630 29538770 36287675 134525429 12498132 18543222 37657630 29538770 36287675 134525429 134525429 3670166 4545558 4262724 5198109 5389484 23066041 231355 0 0 0 0 231355 0 0 0 0 0 0 157822825 815183830 0.85238 0.83503 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 0 0 0 0 0 35395 0 1 1 0 5669806 0 0 X X X X 0 305688519 11457489 12544195 6977720 4401632 2650272 315660579 295884037 2986521 19368258 6275126 4089121 2186050 305688519 267593470 5247026 37152535 6742222 4071411 3295361 295884037 282085578 7935596 -7102189 6804969 6200530 2320016 267593470 283875717 2685638 10903634 5934747 6278943 3165721 282085578 0.21 0.46 0.33 0 0 0 2662483 2662483 0 295759325 157888190 137871135 0 0 0 0 0 63226529 43496425 19730104 0 0 0 0 160263722 0 0 Hedge Funds and Limited Partnerships 228901798 F Real Estate and Life Insurance 4853972 F 233755770 0 Conditional Asset Retirement Obligations 5087511 Annuities and deferred giving obligations 4017556 Federal student loan funds 3015268 Accrued pension and postretirement benefits 4555793 Capital Lease 405914 Unamortized premium and deferred finance cost 6860824 23942866 X 148011561 5280849 0 0 2218100 7498949 140512612 2650272 76624855 79275127 219787739 129596095 0 0 0 1460036 1460036 128136059 2650272 76624855 79275127 207411186 Schedule D, Part III, Line 4 St. Lawrence University's permanent collections provides students, faculty, scholars, and a broad regional community the opportunity to study and enjoy original works of arts. The collection includes nearly 7000 art objects and artifacts, with particular strengths in twentieth century American and European works on paper, including photographs, prints, portfolios, drawings, and artists' books. Schedule D, Part V, Line 4 The intended uses of the endowment fund are to support the University's mission to educate students in the liberal arts tradition. Schedule D, Part X, Line 2 The University has been recognized by the IRS as an organization that is exempt from income taxes pursuant to Section 501(c)(3) of the Internal Revenue Code. Schedule D, Part XI, Line 2d Bookstore cost of goods sold $1,460,036, postretirement benefit related changes other than net periodic benefit cost $130,157, Workers compensation trust proceeds $125,113, other $502,794. Schedule D, Part XI, Line 4b Student Financial Aid. Schedule D, Part XII, Line 2d Bookstore Cost of Goods Sold. Schedule D, Part XII, Line 4b Student Financial Aid. 1 1 0 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 The student body is drawn from all parts of the United States and many foreign countries. The University meets requirements of REV PROC 75-50, SEC 7 032-(B) Schedule E, Part I, Line 6 Schedule E, Part I, Line 6-The University receives financial assistance from the State of New York. For fiscal year June 30, 2019 the University received $546,091 for the Higher Education Opportunity and C-Step Programs, $151,245 Bundy Aid, $72,914 New York State Foster Youth, $47,011 REDC North Country at Work and $58,471 New York State Enhancement grant. The University received $250,262 from the federal government for the McNair program, $174,202 from the National Science Foundation, $30,396 NEH grant and $267,342 from the Corporation of Public Broadcasting. The University receives federal awards and grants for student financial aid (Title IV Campus Based Programs). 1 Sub-Saharan Africa 1 20 Program Services Education Abroad Program 1008274 Europe (including Iceland and Greenland) 2 20 Program Services Education Abroad Program 1992944 Middle East and North Africa 0 0 Program Services Education Abroad Program 61270 South Asia 0 0 Program Services Education Abroad Program 26866 3 40 3089354 Financial Aid Central America and the Caribbean 3 64708 credit to student account 0 Financial Aid East Asia and the Pacific 55 869459 credit to student account 0 Financial Aid Europe (including Iceland and Greenland) 181 2619944 credit to student account 0 Financial Aid Middle East and North Africa 3 27540 credit to student account 0 Financial Aid South America 1 7500 credit to student account 0 Financial Aid South Asia 4 69952 credit to student account 0 Financial Aid Sub-Saharan Africa 44 643274 credit to student account 0 0 0 0 1 1 0 Schedule F, Part I, Line 2 The University's programs outside of the United States are administered by University employees who provide monthly financial reporting to the administrative office in the United States. The transactions are included in the University's financial statements. The University's programs in London and Kenya are audited each year and the results are shared with the University's audit committee of the Board of Trustees. X X X X X 1 Bentz Whaley Flessner and Assoc Inc 7271 Ohms Lane Minneapolis MN 55439 Campaign counsel 0 0 47750 -47750 Washburn and McGoldrick LLC 24 N Bryn Mawr Ave 252 Bryn Mawr PA 19010 Campaign counsel 0 0 23278 -23278 McAllister and Quinn 1368 N Washington Ave Scranton PA 18509 Grant consulting services. 0 0 112952 -112952 0 183980 -183980 All States 1 Village of Canton 60 Main St Canton NY 13617 156001278 15000 0 Consortium contribution 1 0 Merit and need based aid. 2061 72322478 0 Book value Financial Aid Schedule I, Part I, Line 2 Need based financial aid comprises the larger part of the grants described in Part III. The staff in the Financial Aid Office make the determination of amounts of grants awarded to individual students based on documentation provided. Need based grants are awarded for a maximum of eight semesters, subject to satisfactory academic progress. Merit based aid is awarded for a maximum of eight semesters and requires maintaining a minimum GPA of 3.0. X X X X X 0 1 X X X X 1 0 0 0 0 0 0 0 0 William Fox President 450626 0 0 0 11630 0 104093 0 27432 0 593781 0 0 0 Stephen Hietsch VP for Finance and Administration 113082 0 0 0 29924 0 11700 0 15626 0 170332 0 0 0 Karl Schonberg VP Academic Affairs 201484 0 0 0 420 0 20288 0 38668 0 260860 0 0 0 Lisa Cania Secretary 179874 0 0 0 1039 0 6742 0 20478 0 208133 0 0 0 Tom Pynchon VP Advancement 248906 0 0 0 1647 0 25893 0 14663 0 291109 0 0 0 Paul Redfern Vice President for University Communications 138038 0 0 0 24337 0 15344 0 14396 0 192115 0 0 0 Florence Hines Vice President & Dean of Admissions&Financial Aid 115109 0 0 0 17952 0 10313 0 27618 0 170992 0 0 0 Joe Tolliver VP Student Affairs 180883 0 0 0 1666 0 18163 0 44382 0 245094 0 0 0 Justin Sipher VP Information Technology 190948 0 0 0 269 0 19960 0 15774 0 226951 0 0 0 Jan Albano Acting CFO (retired) 106929 0 0 0 6133 0 10802 0 7190 0 131054 0 0 0 Mark Morris Men's Hockey Coach 215637 0 0 0 1970 0 22279 0 15675 0 255561 0 0 0 Obiora Udechukwu Retired Professor 77919 0 0 0 150337 0 10912 0 7060 0 246228 0 0 0 Val Lehr Professor 192966 0 0 0 30167 0 13517 0 8052 0 244702 0 0 0 Jeffrey Young Professor 90847 0 0 0 107897 0 9539 0 7077 0 215360 0 0 0 Robert Thacker Professor 87009 0 0 0 108678 0 9429 0 7158 0 212274 0 0 0 Joseph Manory Former Treasurer 221245 0 0 0 60532 0 0 0 0 0 281777 0 0 0 Schedule J, Part I, Line 1a The University has a spousal travel policy. The University provides housing allowances or residence for personal use for transitioning employees, the Viebranz Professor for Creative Writing, the president and the VP for Student Life. Social club dues and personal services are provided to the president as described in his employment contract. Schedule J, Part I, Line 1b The University has a written spousal travel policy. The University provides housing allowances or personal residence for personal use for transitioning employees, the Viebranz Professor of Creative Writing, the president, and the VP for Student Life. Social club dues and personal services are provided to the president as described in his employment agreement. Schedule J, Part I, Line 4 Joseph Manory, former VP Finance and Treasurer, was paid a severance package which included wages and tuition benefit for his child. Schedule J, Part II Nontaxable benefits for the president and VP for Student Life include the estimated value of their housing which is provided tax free as a condition of their employment to host University events and visitors. Nontaxable benefits for Florence Hines and Karl Schonberg include the value of tuition assistance for dependents through a standard program for all employees. Joe Manory received a taxable tuition assistance benefit for a dependent as per separation agreement. A St Lawrence County IDA Civic Dev Corp 272614310 791078AZ1 2012-12-19 46819980 advance refund bonds issued 7/1/09 0 0 0 B St Lawrence University IDA Civic Dev Corp 242614310 790178BQ0 2016-05-25 31785422 Advance refund bonds issued 7/1/09 0 0 0 A 0 0 41819980 0 0 0 547374 0 0 0 46272606 0 2012 0 1 1 1 B 0 0 31793126 0 0 0 329419 0 0 0 31463707 0 2016 0 1 1 1 A 0 0 0 0 0.0218 0.025 0.0468 0 0 1 B 0 0 1 1 1 1 0.0016 0.0098 0.0114 0 0 1 A 0 0 0 1 0 0 0 0 1 B 0 0 0 1 0 0 0 0 1 A 1 B 1 Schedule K, Part IV, Line 2c-12/19/2012 46,819,980 St Lawrence County IDA Civic Dev Corp The University hires a consultant to prepare an Arbitrage report annually. The rebate computation showed no rebate liability exists and was completed 1/7/19. Schedule K, Part IV, Line 2c-05/25/2016 31,785,422 St Lawrence University IDA Civic Dev Corp The University hires a consultant to prepare an Arbitrage Report annually. The rebate computation showed no rebate liability exists and was completed on 7/30/18. 12500 Merit Scholarships Financial Aid Award 18150 Tuition Assistance Tuition Assistance 21674 Tuition Exchange Tuition Exchange Lynn Fox Spouse of organization's president 21052 Consulting compensation and travel expense reimbursements 0 Judy Angelo Cowen donor and spouse of investment manager 10901592 year end value of investments 0 James Tyler Trustee and donor 17000000 construction contract 0 Schedule L, Part I, Line 1 Lynn Fox is the spouse of the University's president. During fiscal year 2019 Lynn received $14,040 for consulting services and $7,012 for travel expenses as per a contract. Schedule L, Part I, Line 2 The University has held investments with Angelo Gordon for a number of years; the market value was $10,901,592 at 6/30/19. John Angelo was co-owner of Angelo Gordon until his death in 2016. Both John and his wife are alumni of St. Lawrence University. Ms. Cowen's charitable trust donated $175,000 to the University in FY2019. Schedule L, Part I, Line 3 Trustee James Tyler is president and owner of Northland Associates which owns JDS Construction. In FY2019 the University solicited bids for renovations to the ice arena. After a careful review by senior management and the board, JDS Construction was selected for the project and the University entered into a contract in the amount of $17,000,000 for the project. X 13 2062 appraised FMV X 43 4120265 appraised FMV X Horse 1 75000 appraised FMV X Pledges 109 11427927 estimated NPV X Lodging and meals 3 28403 estimated FMV 0 0 1 1 Schedule M, Part I, Line 32b The University owns a public radio station that contracts with a company which accepts gifts of automobiles on behalf of the radio station. The company accepts the automobile and sends a check to the radio station for the appraised value. Form 990, Part VI, Section A, Line 2 Trustee Simpson has a business relationship with trustee Ranger and with trustee Grandfield. Form 990, Part VI, Section B, Line 11b The form 990 is reviewed and accepted by the audit committee of the board of trustees, and presented to the full board of trustees for their review and comment prior to submission to the IRS. Form 990, Part VI, Section B, Line 12c Trustees, officers and employees are required to report compliance with the conflict of interest policy upon election or appointment, and on an annual basis thereafter. Individuals are required to recuse themselves from deliberative and decision making processes on matters where any conflict of interest may exist. Form 990, Part VI, Section B, Line 15 The University benchmarks its financial data against a group of 25 liberal arts colleges, which includes comparative review of salaries and benefits. The compensation of the president and senior staff is determined annually by independent members of the compensation committee of the board of trustees in conjunction with a review of comparative data. Every three years, an external professional consultant is used to determine the president's compensation. Persons with any conflict of interest are excluded from these proceedings which are contemporaneously documented. Form 990, Part VI, Section C, Line 19 The University's bylaws and conflict of interest policy are available on the University's website at www.stlawu.edu. The University's financial statements are available by request via email to businessoffice@stlawu.edu or phone at 315-229-5591. Form 990, Part XI, Line 9 Postretirement benefit related changes other than net periodic benefit cost $130,157, Worker's compensation trust proceeds $125,113, other $502,794. Laurentian Properties LLC 23 Romoda Dr Canton NY 13617 200803478 hotel and restaurant NY 4266015 5198291 St Lawrence University St Lawrence University London Programme 81 Gower St London UK WC1E6HJ study abroad program for university students UK 501(c)(3) St Lawrence University 1 St Lawrence University Kenya Program PO Box 43795-00100 Karen Nairobi KE study abroad program for university students KE 501(c)(3) St Lawrence University 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 0