2019-05-15T09:23:38-05:00 2018-06-30 161131146 BONADIO & CO LLP 432 NORTH FRANKLIN STREET SYRACUSE NY 13204 990 2017-07-01 150532276 WELLS COLLEGE WELL 3153643217 170 MAIN STREET AURORA NY 13026 ROBERT CREE CHIEF FINANCIAL OFFICER 3153643217 2019-05-04 1 TIMOTHY HAMMOND P01224809 3154227109 216.171.181.162 2019-05-04 08:03:20 ED P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 9B9B2C04414E8A8A7B0B000B564D82BBD9A17CFF 2017 2019-02-21 02:37:17Z JONATHAN GIBRALTER 170 MAIN STREET AURORA NY 13026 37526211 0 X HTTPS://WWW.WELLS.EDU/ X 1868 NY EDUCATE STUDENTS TO THINK CRITICALLY, REASON WISELY, AND ACT HUMANELY AS THEY CULTIVATE MEANINGFUL LIVES. THROUGH WELLS' ACADEMIC PROGRAM, RESIDENTIAL ATMOSPHERE, AND COMMUNITY ACTIVITIES, STUDENTS LEARN AND PRACTICE THE IDEALS OF THE LIBERAL ARTS. THE WELLS EXPERIENCE PREPARES STUDENTS TO APPRECIATE COMPLEXITY AND DIFFERENCE, TO EMBRACE NEW WAYS OF KNOWING, TO BE CREATIVE, AND TO RESPOND ETHICALLY TO THE INTERDEPENDENT WORLDS TO WHICH THEY BELONG. COMMITTED TO EXCELLENCE IN ALL AREAS OF ITS REACH, WELLS COLLEGE EQUIPS STUDENTS FOR LIFELONG LEARNING AND FOR SHARING THE PRIVILEGES OF EDUCATION WITH OTHERS. 20 19 632 19 13569 0 4124064 6681312 28887970 28011452 1151963 1222723 194391 283828 34358388 36199315 12528695 12048983 0 0 8648963 9182873 0 0 535648 14229526 14314923 35407184 35546779 -1048796 652536 72440192 74219478 8795423 8794224 63644769 65425254 TO EDUCATE STUDENTS TO THINK CRITICALLY, REASON WISELY, AND ACT HUMANELY AS THEY CULTIVATE MEANINGFUL LIVES. 0 0 28555779 12048983 28281711 HIGHER EDUCATION - INSTRUCTIONAL COSTS INCLUDING SALARY AND BENEFITS FOR FACULTY AND EXPENSES ASSOCIATED WITH MAINTAINING EDUCATIONAL DEPARTMENTS. ALL PROGRAM EXPENSES ARE INCURRED TO FURTHER THE EDUCATION OF THE STUDENTS. THE COLLEGE SERVED 460 FULL TIME EQUIVALENT STUDENTS DURING THE YEAR. 28555779 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 0 1 0 1 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 1 111 0 1 632 1 1 1 1 IT 0 0 0 0 0 0 0 0 X 20 19 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X ROBERT CREE 3153643217 170 MAIN STREET AURORA NY 13026 CARRIE BOLTON CHAIR 1.00 X X 0 0 0 MARIE CHAPMAN CARROLL VICE CHAIR 1.00 X X 0 0 0 SARAH CHASE SECRETARY 1.00 X X 0 0 0 KAREN FRANKEL BLUM TRUSTEE 1.00 X 0 0 0 LISA MAZZOLA CANIA TRUSTEE 1.00 X 0 0 0 HEATHER T KOWALSKI TRUSTEE 1.00 X 0 0 0 AMY CERAND MCNAUGHTON TRUSTEE 1.00 X 0 0 0 JOANNE E KELLEY TRUSTEE 1.00 X 0 0 0 SARAH J JANKOWSKI TRUSTEE 1.00 X 0 0 0 ALAN MARCHISOTTO TRUSTEE 1.00 X 0 0 0 RENEE FORGENSI MINARIK TRUSTEE 1.00 X 0 0 0 ALLEN NAPLES TRUSTEE 1.00 X 0 0 0 STEPHEN L ZABRISKIE TRUSTEE 1.00 X 0 0 0 ERIN VALLELY TRUSTEE 1.00 X 0 0 0 TOBIE VAN DER VORM TRUSTEE 1.00 X 0 0 0 KATHRYN L FONG TRUSTEE 1.00 X 0 0 0 CARL SGRECCI TRUSTEE 1.00 X 0 0 0 J RANDOLPH KISSELL TRUSTEE 1.00 X 0 0 0 CLARE W HARWOOD TRUSTEE 1.00 X 0 0 0 JONATHAN GIBRALTER PRESIDENT 35.00 X X 339229 0 7087 ROBERT CREE CHIEF FINANCIAL OFFICER 35.00 X 181152 0 4486 CRAIG EVANS VP FOR ADVANCEMENT 35.00 X 162180 0 4228 CINDY SPEAKER PROVOST DEAN OF COLLEGE 35.00 X 157190 0 13116 JEN MICHAEL DEAN OF STUDENTS 35.00 X 90900 0 12789 KISHAN ZUBER VP ENROLLMENT MANAGEMENT 35.00 X 127200 0 8484 1057851 0 50190 5 0 1 0 HALLMARK MANAGEMENT SERVICE INC 170 MAIN STREET AURORA NY 13026 FOOD SERVICE 910992 INNS OF AURORA LLC PO BOX 272 AURORA NY 13026 FOOD SERVICE 824384 ADVANTAGE TRAVEL OF CNY INC NETTLTON COMMONS 313 E WILLOW ST SYRACUSE NY 13203 TRAVEL SERVICES 241245 BOND SCHOENECK & KING PLLC PO BOX 11607 SYRACUSE NY 13218 LEGAL COUNCIL 226715 HIGH STANDARD CONSTRUCTION INC BOX 639 TRUMANSBURG NY 14886 CONSTRUCTION 217348 12 197392 6483920 1053719 6681312 TUITION & FEES 611600 27430834 27430834 AUXILIARY ENTERPRISES 611710 580618 567049 13569 28011452 820428 820428 1729191 1326896 402295 402295 402295 OTHER REVENUE 611600 283828 283828 283828 36199315 28281711 13569 1222723 12048983 12048983 1119026 412463 538395 168168 6564208 4994241 1311095 258872 113273 83835 24826 4612 722224 474133 201829 46262 664142 442803 179922 41417 213256 213256 85400 85400 67191 67191 458941 352594 106347 550672 465260 85412 1569370 346753 1211694 10923 666933 154642 512291 200594 130628 69966 501981 370600 130060 1321 120872 88617 32071 184 242130 242130 1672229 1212119 460110 32316 15000 17316 STUDY ABROAD 2522215 1997868 524347 MISCELLANEOUS 2480810 2428041 52769 MEALS AND ENTERTAINMENT 1901229 1830495 69899 835 STUDENT & FACULTY SERVI 565338 550303 14650 385 463446 156401 304376 2669 35546779 28555779 6455352 535648 2665648 1468618 9614 9705 1320029 3834237 430063 388882 133305 127829 129329 126161 68224342 38514049 30485097 29710293 33413370 34543727 2469145 2659588 670062 622324 714530 728114 72440192 74219478 852331 1046617 257886 290077 6547907 6292513 1137299 1165017 8795423 8794224 X 21790587 20677713 4411046 6986334 37443136 37761207 63644769 65425254 72440192 74219478 X 652536 1097041 30908 X 0 1 X 1 1 1 X 24736944 791228 2047401 1662000 25913573 22979387 813576 2656981 1713000 24736944 23241149 778334 713904 1754000 22979387 22867795 1291408 835946 1754000 23241149 23535123 909854 4176818 5754000 22867795 0.11940 0.80300 0.07760 0 0 779027 779027 55217336 32304405 22912931 4535989 665492 3870497 6675527 5544152 1131375 1016463 1016463 29710293 REFUNDABLE GOVERNMENT LOAN FUNDS 709256 ASSET RETIREMENT OBLIGATIONS 455761 1165017 25211090 1097041 30908 1127949 24083141 67191 12048983 12116174 36199315 23430605 0 23430605 67191 12048983 12116174 35546779 PART V, LINE 4: THE COLLEGE'S PRIMARY INVESTMENT OBJECTIVE FOR THE ENDOWMENT ASSETS IS TO PROVIDE SUPPORT FOR THE COLLEGE'S MISSION OVER THE LONG TERM. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 15,425. CHANGE IN VALUE OF FUNDS HELD BY OTHERS 15,483. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS 12,048,983. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS 12,048,983. 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 COLLEGE'S RACIALLY NONDISCRIMINATORY POLICY HAS BEEN PUBLISHED IN STUDENT BROCHURES, STUDENT HANDBOOK, EMPLOYEE HANDBOOK, AND ORIENTATION MATERIALS. SCHEDULE E, PART I, LINE 6 STUDENT FINANCIAL AID AND GOVERNMENT GRANTS FOR RESEARCH AND DEVELOPMENT OF PROFESSORS IN THE EDUCATION FIELDS. EUROPE (INCLUDING ICELAND & GREENLAND) 1 4 PROGRAM SERVICES STUDY ABROAD PROGRAM 2063000 1 4 0 0 1 4 2063000 0 2063000 0 0 0 0 0 0 1 WELLS GRANT 413 11983573 SEOG GRANT 165 65410 PART I, LINE 2: APPLICATIONS ARE RECEIVED AND GRANTS ARE AWARDED FOR NEED BASED ELIGIBLE STUDENTS AND FOR ACADEMIC PERFORMANCE. X X X 1 1 X X X 0 0 0 0 0 0 0 0 0 JONATHAN GIBRALTER PRESIDENT 268882 0 65250 0 5097 0 6722 0 365 0 346316 0 0 0 ROBERT CREE CHIEF FINANCIAL OFFICER 164832 0 16320 0 0 0 4121 0 365 0 185638 0 0 0 CRAIG EVANS VP FOR ADVANCEMENT 154530 0 7650 0 0 0 3863 0 365 0 166408 0 0 0 CINDY SPEAKER PROVOST DEAN OF COLLEGE 147590 0 0 0 9600 0 3690 0 9426 0 170306 0 0 0 35000 SCHOLARSHIPS SCHOLARSHIPS TO STUDENTS WHOSE PARENTS ARE INTERESTED PERSONS MICHAEL COSSELMAN FAMILY MEMBER OF JONATHAN GIBRALTER, DIRECTOR AND OFFICER 43735 EMPLOYEE COMPENSATION 0 X 46 1053719 PUBLISHED TRADE PRICE 0 0 1 PART I, LINE 32B: THE COLLEGE DIRECTS DONORS TO SEND ALL GIFTS OF STOCK DIRECTLY TO THE COLLEGE'S INVESTMENT BROKER. THE BROKER IS INSTRUCTED TO SELL ANY STOCK GIFTS RECEIVED AS QUICKLY AS POSSIBLE UPON RECEIPT. THE BROKER MUST DISCLOSE THE NAME OF THE STOCK, THE NUMBER OF SHARES, AND THE SELLING SHARE PRICE TO THE COLLEGE'S CHIEF FINANCIAL OFFICER AND OBTAIN APPROVAL PRIOR TO EXECUTING ANY SALE. THE BROKER'S COMMISSION IS TAKEN DIRECTLY FROM THE SALE PROCEEDS PRIOR TO REMITTING THE PROCEEDS TO THE COLLEGE. FORM 990, PART VI, SECTION B, LINE 11B THE COLLEGE PROVIDES A DRAFT COPY OF THE FORM 990 TO THE AUDIT COMMITTEE FOR REVIEW AND APPROVAL PRIOR TO FILING. THE IRS FORM 990 IS ALSO POSTED ON THE TRUSTEES' PORTAL PRIOR TO FILING FOR REVIEW BY ALL TRUSTEES. FORM 990, PART VI, SECTION B, LINE 12C EACH YEAR BOARD MEMBERS ARE REQUIRED TO SIGN A CONFLICT OF INTEREST STATEMENT. STATEMENTS ARE REVIEWED ANNUALLY BY THE PRESIDENT OF THE COLLEGE, AND THE CHAIR AND SECRETARY OF THE BOARD OF TRUSTEES, WHO MONITOR AND ASSURE COMPLIANCE WITH INSTITUTIONAL POLICIES AND PRACTICES AS APPROPRIATE. FORM 990, PART VI, SECTION B, LINE 15A THE STARTING SALARY AND BENEFITS PACKAGE FOR THE PRESIDENT IS DETERMINED BY THE EXECUTIVE COMMITTEE AND IS PRESENTED TO THE BOARD OF TRUSTEES FOR APPROVAL. ON AN ANNUAL BASIS, THE EXECUTIVE COMMITTEE REVIEWS AND APPROVES PERFORMANCE GOALS AND OBJECTIVES WITH RESPECT TO COMPENSATION. IF, BASED ON THE EVALUATION AND BENCHMARK DATA COMPILED, A CONTRACT CHANGE IS RECOMMENDED, IT IS VOTED ON BY THE BOARD. FORM 990, PART VI, SECTION C, LINE 19 GRANTED UPON WRITTEN REQUEST OF AN INDIVIDUAL. ALL FORMS ARE AVAILABLE AT THE COLLEGE'S ADMINISTRATIVE OFFICES DURING NORMAL BUSINESS HOURS. A REPRESENTATIVE FROM THE COLLEGE WILL BE PRESENT AT ALL TIMES DURING THE REVIEW. UPON REQUEST, COPIES OF THE FORMS WILL BE PROVIDED. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 15,425. CHANGE IN VALUE OF FUNDS HELD BY OTHERS 15,483.