2019-04-11T13:32:06-05:00 2018-05-31 KPMG LLP 515 Broadway 4th Floor Albany NY 122072974 990 2017-06-01 141338498 SIENA COLLEGE % PAUL STEC SIEN 5187832300 ROUTE 9 LOUDONVILLE NY 12211 PAUL T STEC VICE PRESIDENT 5187832300 2019-04-10 true TODD P TERESCO P00247720 5184274600 2019-04-06 167.68.102.5 14012520191015000007 2019-04-11 P 1F1F9C177589C3C09C3B3087BCAFC0D937CE78DF 7B5190DACD7950FB62E11B317DAE60956DD6A6E7 2017 2019-02-21 02:37:17Z PAUL T STEC ROUTE 9 LOUDONVILLE NY 12211 200581349 false X WWW.SIENA.EDU X 1937 NY PLEASE SEE SCHEDULE O 26 24 2419 45 -42064 -40518 13204192 10325567 149353056 153298624 5550007 31576301 98180 191963 168205435 195392455 62276187 65499033 0 0 62559401 64112534 0 0 3024242 38081729 39525282 162917317 169136849 5288118 26255606 304962626 310196946 82846982 81083918 222115644 229113028 X PLEASE SEE SCHEDULE O false false 152101898 65499033 153298624 SEE SCHEDULE O 152101898 true true false true false false true false true true true false false true true true false true false true false true false true false false false true true true false false false false false false true false false false true false false false false true true true false false true 439 0 true 2419 true true true true UK false false false true true false false false false X 26 24 false false false false false false false true true false false true true true true true true true true false NY X PAUL STEC 5787832300 SIENA COLLEGE LOUDONVILLE NY 12211 Tom Amell Trustee 3.0 0.0 X 0 0 0 Thomas J Baldwin Jr Trustee 3.0 0.0 X 0 0 0 Ronald E Bjorklund Trustee 2.0 0.0 X 0 0 0 Thomas J Burke Trustee 1.0 0.0 X 0 0 0 Daniel J Cahill Trustee 0.2 0.0 X 0 0 0 Judy Capano Michaelson Trustee 5.0 0.0 X 0 0 0 Susan Law Dake Trustee 6.0 0.0 X 0 0 0 Virginia L Darrow Trustee 2.0 0.0 X 0 0 0 Howard S Foote Trustee 10.0 0.0 X 0 0 0 Jason Gottlieb Trustee 10.0 0.0 X 0 0 0 Sr Violet T Grennan Trustee 4.0 0.0 X 0 0 0 Rev Kenneth R Himes OFM Trustee 1.0 0.0 X 0 0 0 Mallory Massry Trustee 3.0 0.0 X 0 0 0 Robert J McCormick Trustee 2.5 0.0 X 0 0 0 Burgandy-Leigh McCurty Trustee 2.0 0.0 X 0 0 0 John A McMahon Trustee 1.0 0.0 X 0 0 0 Very Rev Kevin J Mullen OFM Trustee 2.0 0.0 X 0 0 0 John F Murray Trustee 5.0 0.0 X 0 0 0 John J Nigro Trustee 1.25 0.0 X 0 0 0 Robin Prunty Trustee 1.0 0.0 X 0 0 0 Kenneth M Raymond Jr Trustee 5.0 0.0 X 0 0 0 Scot Salvador Trustee 1.5 0.0 X 0 0 0 Rev James P Scullion OFM Trustee 1.0 0.0 X 0 0 0 Lewis Steverson Trustee 1.0 0.0 X 0 0 0 Nimmi M Trapasso MD Trustee 4.0 0.0 X 0 0 0 Basil J Valente Trustee 3.0 0.0 X 0 0 0 Br F Edward Coughlin OFM PRESIDENT 40.0 0.0 X 0 0 0 Paul Stec Vice President 40.0 0.0 X 221314 0 59140 David Smith Vice President 40.0 0.0 X 204923 0 52053 Margaret Madden Vice President 40.0 0.0 X 180196 0 22887 Maryellen Gilroy Vice President 40.0 0.0 X 160791 0 24901 Edward Jones Vice President 40.0 0.0 X 150903 0 41790 James Patsos Head Coach Basketball 40.0 0.0 X 393835 0 43840 Aloysia Jaques Head Coach Basketball 40.0 0.0 X 170543 0 22727 John D'Argenio VP & ATHLETIC DIRECTOR 40.0 0.0 X 167111 0 27703 Charles Seifert Dean of Business 40.0 0.0 X 162448 0 56785 Mark Berman CIO 40.0 0.0 X 156170 0 35526 1968234 0 387352 58 false true false AVI Foodsystems Inc 2590 Elm Road NE Warren OH 44483 Food Services 8046269 EAB Global Inc 1920 East Parham Rd Richmond VA 23228 Higher Ed Marketing 1118326 St Peter's Hospital 315 S Manning Blvd Albany NY 12208 Health Services 391367 Creative Communications Associates 2 Third Street Suite 250 Troy NY 12180 Higher Ed Marketing 318636 KPMG LLP 515 Broadway Albany NY 12207 Auditing & Tax 242870 9 162580 1727897 8435090 451701 10325567 Tuition & Fees 611310 108403037 108403037 Room & Board 611310 34982786 34982786 OTHER PROGRAM REVENUE 611310 6389669 6389669 Laboratory Fees 611310 1853704 1853704 Student Activities 611310 878154 878154 791274 791274 153298624 2343561 -37829 2381390 0 367131 367131 87527 244501 -156974 0 -156974 6093 -163067 34011621 4778881 29232740 29232740 29232740 100572 162580 108438 -7866 -7866 0 0 0 41153 57074 -15921 -15921 Advertising Revenue 541800 5593 5593 5593 195392455 153298624 -42064 31810328 18825 18825 62876718 62876718 2603490 2603490 0 1126854 598534 283005 245315 0 45592482 37933913 6360115 1298454 3615729 2982125 514128 119476 10513622 8671262 1494953 347407 3263847 2691905 464093 107849 236452 236452 389130 281932 107198 200260 200260 320 320 0 282354 282354 3257329 2430513 247243 579573 79587 49040 25912 4635 0 195020 195020 0 1916596 1916596 2585349 2445186 83979 56184 0 0 1021292 1021292 0 8110818 8110818 922970 203654 719316 Food 7198226 7198226 Supplies 3481206 2820311 616347 44548 Miscellaneous 2745940 2517009 228931 Repair and Maintenance 2106810 1450104 646916 9790 4795623 3280445 1304167 211011 169136849 152101898 14010709 3024242 20925310 15767691 43076 36040 15549468 15152717 2372270 2605263 0 0 0 0 2016428 1856771 0 0 1214625 1240837 238281183 112238892 123176630 126042291 22278533 35790129 115003969 107875165 0 0 0 0 2382317 3830042 304962626 310196946 10865908 11719891 0 0 4810945 4110871 37958254 37625149 0 0 0 0 0 0 0 0 29211875 27628007 82846982 81083918 X 116493002 120035442 17037188 15291361 88585454 93786225 222115644 229113028 304962626 310196946 X 26255606 -21977046 2718824 X false true X true true true X 12698491 13112793 10460270 13204192 10325567 59801313 0 0 12698491 13112793 10460270 13204192 10325567 59801313 4682891 55118422 1586009 1148079 1638724 1624947 2836048 8833807 89466 191781 281247 0 68916367 707979422 0.79979 0.82510 X false false false false false false false false true 320 320 false false SCHEDULE C, PART II-B, LINE 1B THE COLLEGE AND THE COLLEGE'S PRESIDENT (BROTHER EDWARD COUGHLIN) ARE REGISTERED LOBBYISTS IN NEW YORK STATE. SIENA COLLEGE IS REGISTERED AS A LOBBYIST IN NEW YORK STATE IN THE UNLIKELY EVENT OF INCIDENTAL CONTACT WITH ELECTED OR OTHER GOVERNMENT OFFICIALS. NO EMPLOYEE-RELATED EXPENSE HAS BEEN INCURRED IN RELATION TO LOBBYING ACTIVITY. BROTHER EDWARD COUGHLIN, IN ACCORDANCE WITH THE HOLY NAME PROVINCE ORDER OF FRIARS MINOR (OFM), TAKES A VOW OF POVERTY AND DID NOT DIRECTLY RECEIVE A SALARY. SIENA COLLEGE HAS AN INSTITUTIONAL MEMBERSHIP TO THE CAPITAL REGION CHAMBER AND PAID $6,399 IN DUES TO THAT ORGANIZATION DURING THE TAX YEAR. THE INVOICE FOR THIS MEMBERSHIP STATED THAT 5% OF THE MEMBERSHIP IS ALLOCABLE FOR LOBBYING EXPENDITURES. 22809 X X X TEACHING false 129067735 2376149 8954721 2687205 2449849 135261551 120954382 3085590 13362261 2559561 5774937 129067735 131346001 2604047 -5204300 2404795 5386571 120954382 138815202 2694153 5261303 2218449 13206208 131346001 132753115 708133 14853955 2109687 7390314 138815202 0.33732 0.65907 0.00361 false false 16271539 16271539 0 178937875 72146415 106791460 0 41794089 40092477 1701612 0 1277680 0 1277680 126042291 5223417 F CASH EQUIVALENTS 839055 F GLOBAL EQUITIES 27052017 F EMERGING MARKETS 44339841 F VENTURE CAPITAL 14913151 F OTHER 4470109 F MULTI-STRATERGY 11037575 F 107875165 0 ANNUITIES PAYABLE 1319827 POSTRETIREMENT BENEFITS 20642140 FEDRAL STUDENT LOAN FUNDS 2119324 ASSET RETIREMENT OBLIGATION 3546716 27628007 X 176544246 -21977046 2718824 -19258222 195802468 -410013 -410013 195392455 169546862 410013 410013 169136849 169136849 SCHEDULE D, PART III, LINE 4 DESCRIPTION OF ART COLLECTION SIENA'S FINE ART COLLECTIONS ENCOMPASS A BROAD RANGE OF PERIODS AND STYLES, WITH FINE PAINTINGS, WORKS ON PAPER, SCULPTURE, AND ARTIFACTS. ORIGINAL WORKS FROM HISTORIC AND CONTEMPORARY ARTISTS ARE DISPLAYED THROUGHOUT THE CAMPUS. AMONG THESE ARE SEVERAL PIECES OF THE HUDSON RIVER SCHOOL, QUALITY 19TH CENTURY COPIES OF RENAISSANCE RELIGIOUS PAINTINGS, AND A DIVERSE BODY OF WORK RECENTLY ACQUIRED FROM LOCAL CONTEMPORARY ARTISTS. SCHEDULE D, PART V, LINE 4 DESCRIPTION OF ENDOWMENT FUNDS ENDOWED FUNDS ARE INTENDED PRIMARILY TO PROVIDE FOR SCHOLARSHIPS FOR STUDENT STUDY. OTHER ENDOWED FUNDS ARE MAINTAINED FOR SUPPORT IN ACADEMIC PROGRAMS, BUILDINGS, AND ATHLETICS. SCHEDULE D, PART X, LINE 2 THE COLLEGE HAS BEEN GRANTED TAX-EXEMPT STATUS AS A NONPROFIT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS GENERALLY EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER SECTION 501(A) OF THE CODE AND APPLICABLE STATE LAWS. THE COLLEGE BELIEVES IT HAS TAKEN NO SIGNIFICANT UNCERTAIN TAX POSITIONS. SCHEDULE D, PART XI, LINE 2D ACTUARIAL ADJUSTMENT & PROVISION FOR UNCOLLECTIBLE PLEDGES $ 2,718,824 TOTAL $ 2,718,824 SCHEDULE D, PART XI, LINE 4B RENTAL EXPENSE $ (244,501) FUNDRAISING EXPENSE $ (108,438) COST OF GOODS SOLD $ (57,074) TOTAL: $ (410,013) SCHEDULE D, PART XII, LINE 2D RENTAL EXPENSE $ 244,501 FUNDRAISING EXPENSE $ 108,438 COST OF GOODS SOLD $ 57,074 TOTAL: $ 410,013 true true true true true true true false false false false false false false false true false true SCHEDULE E, PART I, LINE 3 SIENA COLLEGE ADMITS STUDENTS OF ANY RACE, COLOR, NATIONAL AND ETHNIC ORIGIN TO ALL THE RIGHTS, PRIVILEGES, PROGRAMS, AND ACTIVITIES GENERALLY ACCORDED OR MADE AVAILABLE TO STUDENTS AT THE SCHOOL. IT DOES NOT DISCRIMINATE ON THE BASIS OF RACE, COLOR, NATIONAL AND ETHNIC ORIGIN IN ADMINISTRATION OF ITS EDUCATIONAL POLICIES, ADMISSIONS POLICIES, SCHOLARSHIP AND LOAN PROGRAMS, AND ATHLETIC AND OTHER SCHOOL-ADMINISTERED PROGRAMS. THE COLLEGE PUBLICIZES ITS RACIALLY NON-DISCRIMINATORY POLICY ON ITS WEBSITE AND IN THE STUDENT HANDBOOK, WHICH IS DISTRIBUTED TO ALL STUDENTS. SCHEDULE E, PART I, LINE 6A THE COLLEGE RECEIVES GRANTS FROM VARIOUS FEDERAL AND STATE AGENCIES. true Europe (Including Iceland and Greenland) PROGRAM SERVICES SERVICE/ED/ATHLETICS 71642 Central America and the Caribbean PROGRAM SERVICES SERVICE/ED/ATHLETICS 110758 South America PROGRAM SERVICES SERVICE/ED/ATHLETICS 13398 North America Program Services SERVICE/ED/ATHLETICS 3565 Sub-Saharan Africa Program Services SERVICE/ED/ATHLETICS 15652 East Asia and the Pacific Program Services SERVICE/ED/ATHLETICS 260 South Asia Program Services SERVICE/ED/ATHLETICS 10717 Europe (Including Iceland and Greenland) Program Services SCHOLARSHIPS 1087425 Middle East and North Africa Program Services SCHOLARSHIPS 83895 South America Program Services SCHOLARSHIPS 259882 Sub-Saharan Africa Program Services SCHOLARSHIPS 245162 Central America and the Caribbean Program Services SCHOLARSHIPS 103300 East Asia and the Pacific Program Services SCHOLARSHIPS 213345 South Asia Program Services SCHOLARSHIPS 202000 North America Program Services SCHOLARSHIPS 408481 Europe (Including Iceland and Greenland) Program Services STUDY ABROAD PROGRAM 761642 East Asia and the Pacific Program Services STUDY ABROAD PROGRAM 60177 Europe (Including Iceland and Greenland) Program Services CONFERENCES 18798 Middle East and North Africa Program Services CONFERENCES 455 South America Program Services CONFERENCES 4496 Central America and the Caribbean Program Services CONFERENCES 633 South Asia Program Services CONFERENCES 651 North America Program Services CONFERENCES 332 Central America and the Caribbean Investments 5279161 0 3651301 5304526 8955827 Grants for Education Europe (Including Iceland and Greenland) 33 1087425 Other Grants for Education Middle East and North Africa 4 83895 Other Grants for Education South America 14 259882 Other Grants for Education Sub-Saharan Africa 6 245162 Other Grants for Education Central America and the Caribbean 4 103300 Other Grants for Education East Asia and the Pacific 8 213345 Other Grants for Education South Asia 11 202000 Other Grants for Education North America 11 408481 Other true false true true true true SCHEDULE F, PART I, LINE 2 THE COLLEGE PROVIDES PAYMENT OF THE GRANTS TO THE STUDENT AS A CREDIT TO THE STUDENTS' RECEIVABLE ACCOUNT; THE GRANTS ARE NOT DIRECTLY PAID TO THE STUDENTS. FOR THE GRANT TO BE AVAILABLE TO THE STUDENT, THE COLLEGE MONITORS THE STUDENTS ENROLLMENT, BASED ON THE FOREIGN SCHOOLS RECORDS, AND THE STUDENT MUST BE ENROLLED AND ACTIVE FOR THE TIME PERIOD THE GRANT IS OFFERED. IF THE STUDENT LEAVES THE PROGRAM EARLY, THE GRANT IS NOT REFUNDED TO THE STUDENT AND THE STUDENT'S ACCOUNT IS RATABLY ADJUSTED TO REFLECT THE INCOMPLETE PERIOD. Golf Tournament 49250 24250 25000 2670 15335 189 Festa Vino 59170 28070 31100 2550 9392 7 154732 110260 44472 36834 11728 29740 263152 162580 100572 2670 52169 14278 39321 108438 -7866 true Scholarships for Students 2969 62876718 SCHEDULE I, PART I, LINE 2 THE COLLEGE PROVIDES PAYMENT OF THE GRANTS TO THE STUDENT AS A CREDIT TO THE STUDENTS' RECEIVABLE ACCOUNT; THE GRANTS ARE NOT DIRECTLY PAID TO THE STUDENTS. FOR THE GRANT TO BE AVAILABLE TO THE STUDENT, THE COLLEGE MONITORS THE STUDENTS ENROLLMENT AND THE STUDENT MUST BE ENROLLED AND ACTIVE FOR THE TIME PERIOD THE GRANT IS OFFERED. IF THE STUDENT LEAVES THE PROGRAM EARLY, THE GRANT IS NOT REFUNDED TO THE STUDENT AND THE STUDENT'S ACCOUNT IS RATABLY ADJUSTED TO REFLECT THE INCOMPLETE PERIOD. X X true true X false false false false false false false false false Paul Stec Vice President 219960 0 0 0 1354 0 22062 0 37078 0 280454 0 0 0 David Smith Vice President 193820 0 0 0 11103 0 19981 0 32072 0 256976 0 0 0 Margaret Madden Vice President 178192 0 0 0 2004 0 18140 0 4747 0 203083 0 0 0 Maryellen Gilroy Vice President 160211 0 0 0 580 0 16231 0 8670 0 185692 0 0 0 Edward Jones Vice President 150600 0 0 0 303 0 15899 0 25891 0 192693 0 0 0 James Patsos Head Coach Basketball 374145 0 10000 0 9690 0 26500 0 17340 0 437675 0 0 0 Aloysia Jaques Head Coach Basketball 138934 0 22500 0 9109 0 14109 0 8618 0 193270 0 0 0 John D'Argenio VP & ATHLETIC DIRECTOR 166495 0 0 0 616 0 16923 0 10780 0 194814 0 0 0 Charles Seifert Dean of Business 159869 0 0 0 2579 0 16585 0 40200 0 219233 0 0 0 Mark Berman CIO 155282 0 0 0 888 0 16171 0 19355 0 191696 0 0 0 SCHEDULE J, PART I, LINE 1A CERTAIN OFFICERS MAY UTILIZE FIRST CLASS TRAVEL WHEN COACH ACCOMMODATIONS ARE UNAVAILABLE OR IN THE CASE OF EXTENUATING CIRCUMSTANCES SUCH AS DEMANDING FLIGHT SCHEDULES, EXTENDED FLIGHT TIMES OR BY GIVING PRIOR WRITTEN AUTHORIZATION FOR FIRST CLASS OR BUSINESS TRAVEL. THE TRAVELER PROVIDED THE COLLEGE WITH APPROPRIATE SUBSTANTIATION FOR THE EXPENSE INCURRED. COUNTRY CLUB DUES WERE PROVIDED TO THE DEAN OF BUSINESS, THE VP OF DEVELOPMENT AND EXTERNAL AFFAIRS, AND THE DIRECTOR OF THE SIENA RESEARCH INSTITUTE TO INCREASE THE COLLEGE'S PRESENCE IN THE COMMUNITY AND AMONG BUSINESS LEADERS. ANY PERSONAL USE OF THE COUNTRY CLUB DUES ARE INCLUDED IN THE LISTED PERSONS FORM W-2. SCHEDULE J, PART I, LINE 3 THE COLLEGE PRESIDENT (A FRANCISCAN FRIAR), IN ACCORDANCE WITH THE HOLY NAME PROVINCE ORDER OF FRIARS MINOR (OFM), TAKES A VOW OF POVERTY AND DOES NOT DIRECTLY RECEIVE A SALARY. PAYMENTS TO THE ORDER ARE MADE IN LIEU OF THE PRESIDENT'S SALARY, WHICH IS DETERMINED BY THE TRUSTEES. TRUSTEES ESTABLISH THE IN LIEU OF PAYMENT THROUGH THE USE OF COMPARABLE SALARY DATA FOR SIMILARLY-SITUATED COLLEGES. A DORMITORY OF THE STATE OF NEW YORK SERIES 2017 146000293 2017-03-31 38395000 RENOVATION CONSTRUCTION false false false A 360000 0 38395000 0 0 0 365080 0 0 2075000 35954920 0 2018 true true false true A false false true true false 0 false false false true A false true false false false false 0 false 0 false true A true SCHEDULE K, PART IV, LINE 2A THE REBATE CALCULATION FOR THE DASNY SERIES 2017 WAS PERFORMED ON MAY 31, 2018. 13000 SCHOLARSHIP EDUCATION 20000 SCHOLARSHIP EDUCATION X 1 1000 APPRAISAL X 33 421745 AVERAGE PRICE X Hot Water Maker 1 12000 FMV X Lab Equipment 1 15500 FMV X Scientific Instruments 1 500 FMV X Misc Items 3 956 FMV 1 false true true SCHEDULE M, PART I, LINE 32A SECURITIES RECEIVED AS CONTRIBUTIONS ARE LIQUIDATED THROUGH A BROKER UPON RECEIPT. SCHEDULE M, PARTI, LINE 32B THE NUMBER OF CONTRIBUTORS IS REPORTED IN PART I, COLUMN (B). FORM 990, PART I, LINE 1 AND PART III, LINE 1 SIENA COLLEGE IS A LEARNING COMMUNITY ADVANCING THE IDEALS OF A LIBERAL ARTS EDUCATION, ROOTED IN ITS IDENTITY AS A FRANCISCAN AND CATHOLIC INSTITUTION. AS A LEARNING COMMUNITY, SIENA IS COMMITTED TO A STUDENT-CENTERED EDUCATION EMPHASIZING DYNAMIC FACULTY-STUDENT INTERACTION. THROUGH A BLENDING OF LIBERAL ARTS AND PROFESSIONAL EDUCATION, SIENA COLLEGE PROVIDES EXPERIENCES AND COURSES OF STUDY INSTILLING THE VALUES AND KNOWLEDGE TO LEAD A COMPASSIONATE, REFLECTIVE, AND PRODUCTIVE LIFE OF SERVICE AND LEADERSHIP. AS A LIBERAL ARTS COLLEGE, SIENA FOSTERS THE RIGOROUS INTELLECTUAL DEVELOPMENT OF ITS STUDENTS THROUGH A HEALTHY EXCHANGE OF IDEAS BOTH INSIDE AND OUTSIDE THE CLASSROOM. IT PROVIDES OPPORTUNITIES TO DEVELOP CRITICAL AND CREATIVE THINKING, TO MAKE REASONED AND INFORMED JUDGMENTS, TO APPRECIATE CULTURAL DIVERSITY, TO DEEPEN AESTHETIC SENSIBILITY AND TO ENHANCE WRITTEN AND ORAL COMMUNICATION SKILLS. IT DEVELOPS IN EACH INDIVIDUAL AN APPRECIATION FOR THE RICHNESS OF EXPLORING KNOWLEDGE FROM A VARIETY OF PERSPECTIVES AND DISCIPLINES. AS A FRANCISCAN COMMUNITY, SIENA STRIVES TO EMBODY THE VISION AND VALUES OF ST. FRANCIS OF ASSISI: FAITH IN A PERSONAL AND PROVIDENT GOD, REVERENCE FOR ALL CREATION, AFFIRMATION OF THE UNIQUE WORTH OF EACH PERSON, DELIGHT IN DIVERSITY, APPRECIATION FOR BEAUTY, SERVICE WITH THE POOR AND MARGINALIZED, A COMMUNITY WHERE MEMBERS WORK TOGETHER IN FRIENDSHIP AND RESPECT, AND COMMITMENT TO BUILDING A WORLD THAT IS MORE JUST, PEACEABLE, AND HUMANE. AS A CATHOLIC COLLEGE, SIENA SEEKS TO ADVANCE NOT ONLY THE INTELLECTUAL GROWTH OF ITS STUDENTS, BUT THEIR SPIRITUAL, RELIGIOUS AND ETHICAL FORMATION AS WELL. TO THIS END, SIENA IS COMPOSED OF AND IN DIALOGUE WITH PEOPLE FROM DIFFERENT RELIGIONS AND CULTURAL TRADITIONS, FOSTERS A CRITICAL APPRECIATION OF THE CATHOLIC INTELLECTUAL HERITAGE IN CONVERSATION WITH CONTEMPORARY EXPERIENCE, PROVIDES AMPLE OPPORTUNITIES FOR WORSHIP AND SERVICE, EXPLORES THE MORAL DIMENSIONS OF DECISION-MAKING IN BUSINESS AND THE PROFESSIONS, AND AFFIRMS THE DIGNITY OF THE INDIVIDUAL WHILE PURSUING THE COMMON GOOD. FORM 990, PART III - PROGRAM SERVICE, LINE 4A SIENA COLLEGE IS A COEDUCATIONAL, INDEPENDENT, LIBERAL ARTS COLLEGE WITH A FRANCISCAN AND CATHOLIC TRADITION. FOUNDED IN 1937 BY SEVEN FRANCISCAN FRIARS, IT IS LOCATED IN LOUDONVILLE, NEW YORK, A SUBURBAN COMMUNITY JUST OUTSIDE THE STATE'S CAPITAL. SIENA IS REGISTERED BY THE BOARD OF REGENTS OF THE UNIVERSITY OF THE STATE OF NEW YORK. ALL PROGRAMS ARE ACCREDITED BY THE MIDDLE STATES COMMISSION ON HIGHER EDUCATION, AND THE SCHOOL OF BUSINESS IS ACCREDITED BY THE ASSOCIATION TO ADVANCE COLLEGIATE SCHOOLS OF BUSINESS. IN ADDITION, THE CHEMISTRY PROGRAM IS CERTIFIED BY THE AMERICAN CHEMICAL SOCIETY, THE SOCIAL WORK PROGRAM IS CERTIFIED BY THE COUNCIL ON SOCIAL WORK EDUCATION, AND THE EDUCATION PROGRAMS ARE ACCREDITED BY THE NATIONAL COUNCIL FOR THE ACCREDITATION OF TEACHER EDUCATION. SIENA'S 3,089 UNDERGRADUATES ENROLL IN ONE OF THREE SCHOOLS - LIBERAL ARTS, SCIENCE, AND BUSINESS - AND MAY CHOOSE TO PURSUE STUDY FROM A TOTAL OF 28 DEPARTMENTS WITH 33 MAJORS, 64 MINORS AND CERTIFICATE PROGRAMS, AND PROFESSIONAL CURRICULA IN SECONDARY EDUCATION, PRE-LAW, AND SOCIAL WORK. 57 GRADUATES HAVE ENROLLED IN THE MASTERS IN ACCOUNTING PROGRAM. ON AVERAGE, 168 STUDENTS STUDY ABROAD IN A GIVEN YEAR. NINETY-EIGHT PERCENT OF SIENA STUDENTS ENTER GRADUATE SCHOOL OR FIND EMPLOYMENT IMMEDIATELY FOLLOWING GRADUATION. ADMISSION TO THE COLLEGE IS COMPETITIVE. OF THE 776 INCOMING MEMBERS OF THE CLASS OF 2021, 22.1 PERCENT GRADUATED IN THE TOP TEN PERCENT OF THEIR HIGH SCHOOL CLASS AND THEIR AVERAGE SAT SCORE WAS 1087 . FORM 990, PART I, LINE 7B UNRELATED BUSINESS TAXABLE INCOME SIENA COLLEGE'S UNRELATED BUSINESS TAXABLE INCOME FOR TAX YEAR 2017 INCLUDED $26,824 IN EXPENSES INCURRED TO MAINTAIN EMPLOYEE PARKING SPACES ON CAMPUS. UNDER INTERNAL REVENUE CODE SECTION 512(A)(7), SUCH EXPENSES ARE INCLUDED IN UNRELATED BUSINESS TAXABLE INCOME AS AMOUNTS PAID FOR DISALLOWED FRINGES AND ARE THEREFORE RELFECTED IN PART I, LINE 7B. PART I, LINE 7A INCLUDES ONLY REVENUES REPORTED ON PART VIII, COLUMN (c) AS UNRELATED BUSINESS REVENUE. FORM 990, PART VI, SECTION B, LINE 11A MANAGEMENT WORKS TOGETHER WITH ITS TAX PROFESSIONALS TO GATHER THE REQUIRED INFORMATION NECESSARY TO PREPARE A DRAFT OF THE FORM 990. ONCE A DRAFT IS COMPLETED, IT IS THEN REVIEWED WITH THE AUDIT COMMITTEE AND THE TAX PROFESSIONALS. ONCE THE REVIEW IS COMPLETED AND EDITS ARE MADE, A COMPLETE COPY OF THE COLLEGE'S FINAL FORM 990 (INCLUDING ALL REQUIRED SCHEDULES), AS ULTIMATELY FILED WITH THE IRS, IS DISTRIBUTED TO THE FULL BOARD BEFORE ITS FILING WITH THE IRS FORM 990, PART VI, SECTION B, LINE 12C ALL OFFICERS, TRUSTEES, AND KEY EMPLOYEES ASSUME RESPONSIBILITY FOR CONSIDERING POSSIBLE CONFLICTS OF INTEREST THAT ARISE DURING SERVICE WITH THE COLLEGE TO HELP TRUSTEES IDENTIFY POSSIBLE CONFLICTS OF INTEREST, THE COLLEGE HAS DEVELOPED A DISCLOSURE FORM THAT ALL TRUSTEES MUST COMPLETE AND UPDATE AT LEAST ANNUALLY. DURING THE COURSE OF THEIR SERVICE, OFFICERS, TRUSTEES, AND KEY EMPLOYEES, IF APPLICABLE, MUST ALSO DISCLOSE ANY CONFLICT OF INTEREST AS SOON AS THEY BECOME AWARE OF THE CONFLICT. THE GENERAL COUNSEL REVIEWS THE DISCLOSURES AND WILL DISCLOSE ANY REPORTED CONFLICTS OF INTEREST TO THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES. THE AUDIT COMMITTEE MAY CONSIDER WHETHER ADVICE FROM COUNSEL OR OTHER INDEPENDENT ADVISORS IS NECESSARY IN PARTICULAR INSTANCES WHERE A CONFLICT EXISTS. FORM 990, PART VI, SECTION B, LINE 15A THE COLLEGE PRESIDENT (A FRANCISCAN FRIAR), IN ACCORDANCE WITH THE HOLY NAME PROVINCE ORDER OF FRIARS MINOR (OFM), TAKES A VOW OF POVERTY AND DOES NOT DIRECTLY RECEIVE A SALARY. PAYMENTS TO THE ORDER ARE MADE IN LIEU OF THE PRESIDENT'S SALARY. THE BOARD OF TRUSTEES PERFORMS A REVIEW AND APPROVES AT REGULAR INTERVALS THE PERFORMANCE AND COMPENSATION OF THE PRESIDENT. THE BOARD UTILIZES INDEPENDENT EXTERNAL STANDARDS SUCH AS THE COLLEGE AND UNIVERSITY PERSONNEL ASSOCIATION, LOCAL MARKET DATA AND INTERNAL EQUITY, FOR THE REVIEW OF THE PRESIDENT'S COMPENSATION AGREEMENT AND THE GATHERING OF COMPARABILITY DATA IN DETERMINING THE REASONABLENESS OF COMPENSATION AND COMPLIANCE WITH THE PROCEDURES DESCRIBED IN TREASURY REGULATION SECTION 53.4958-6. FORM 990, PART VI, SECTION B, LINE 15B THE BOARD OF TRUSTEES AND THE PRESIDENT PERFORM A REVIEW AND APPROVAL AT REGULAR INTERVALS OF THE PERFORMANCE AND COMPENSATION OF THE OFFICERS, AND WHERE APPROPRIATE, OTHER SENIOR MANAGEMENT OF THE COLLEGE. THE BOARD AND PRESIDENT UTILIZE INDEPENDENT EXTERNAL STANDARDS SUCH AS THE COLLEGE AND UNIVERSITY PERSONNEL ASSOCIATION, LOCAL MARKET DATA AND INTERNAL EQUITY, FOR THE REVIEW OF COMPENSATION AGREEMENTS AND THE GATHERING OF COMPARABILITY DATA IN DETERMINING THE REASONABLENESS OF COMPENSATION AND COMPLIANCE WITH THE PROCEDURES DESCRIBED IN TREASURY REGULATION SECTION 53.4958-6. FORM 990, PART VI, SECTION C, LINE 18 THE COLLEGE FOLLOWS THE IRS' GUIDELINES FOR PUBLIC DISCLOSURE. A COPY OF THE FORM 990 AND FORM 990-T IS MADE AVAILABLE TO THE PUBLIC BY REQUEST THROUGH THE FINANCE AND ADMINISTRATION OFFICE. THE FORM 990 IS ALSO AVAILABLE ON THE GUIDESTAR WEBSITE. FORM 990, PART VI, SECTION C, LINE 19 THE COLLEGE DOES NOT MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, OR FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. FORM 990, PART XI, LINE 9 ACTUARIAL ADJUSTMENT & PROVISION FOR UNCOLLECTIBLE PLEDGES $ 2,718,824 TOTAL $ 2,718,824 SPRING PROPERTIES INC 515 LOUDON ROAD LOUDONVILLE NY 12211 141706494 RENTAL NY SIENA COLLEGE C CORP 23433 331966 1.00000 true CHARITABLE REMAINDER UNITRUST (6) INVESTING NEW YORK NY 12211 INVESTING NA true CHARITABLE REMAINDER TRUST (5) INVESTING VAR NY 12211 INVESTING NY NA true false false false true true false false false false false false false false false false false true true SPRING PROPERTIES INC (DUE TO SIENA) d 132256 BOOK SPRING PROPERTIES INC (DUE FROM SIENA) e 318647 BOOK SCHEDULE R, PART IV, COLUMN (C) THE CHARITABLE REMAINDER UNITRUSTS LISTED ON LINE 3 OF PART IV HAVE THE FOLLOWING LEGAL DOMICILES: 1 - IL 2 - FL 3 - NY 4 - CT 5 - NY 6 - NY