2019-05-06T15:26:20-05:00 2018-06-30 GRANT THORNTON LLP 757 THIRD AVENUE 3RD FLOOR NEW YORK NY 100172013 990 2017-07-01 111635105 St Francis College % JOHN RAGNO VP OF FINANCE STFR 7174895364 180 Remsen Street Brooklyn NY 11201 JOHN RAGNO vp of finance 7184895364 2019-05-06 true Daniel Romano P00504182 2125990100 65.229.26.130 26377520191265000003 2019-05-06 P 32778C9288487CCB557400271BF2B2D8D9E2E3C7 7D14034AF515942D2ABE7F7E27EA16D2649DB046 2017 2019-02-21 02:37:17Z Miguel Martinez-Saenz 180 Remsen Street Brooklyn NY 11201 82929600 false X WWW.SFC.EDU X 1957 NY ST. FRANCIS COLLEGE IS AN INDEPENDENT, COEDUCATIONAL INSTITUTION OF HIGHER EDUCATION CHARTERED BY AN ACT OF THE REGENTS OF THE UNIVERSITY OF THE STATE OF NY ON APRIL 10, 1957. 27 27 604 27 0 111141 5496263 7387607 63945945 59262484 5707602 2845545 1519095 2232871 76668905 71728507 22435326 23385547 0 0 28233761 30153180 0 0 935791 24475088 25673134 75144175 79211861 1524730 -7483354 141209050 137086446 42748835 43250427 98460215 93836019 ST. FRANCIS COLLEGE IS AN INDEPENDENT, COEDUCATIONAL INSTITUTION OF HIGHER EDUCATION CHARTERED BY AN ACT OF THE REGENTS OF THE UNIVERSITY OF THE STATE OF NEW YORK ON APRIL 10, 1957. false false 19895206 59262484 INSTRUCTIONAL - THE COLLEGE PROVIDES DIRECT SERVICES THROUGH ITS FACULTY TO APPROXIMATELY 2,300 FULL AND 300 PART TIME STUDENTS LEADING PRIMARILY TO BACCALAUREATE AND ASSOCIATE DEGREES. THE COLLEGE HAS RECENTLY ADDED SEVERAL MASTERS DEGREES. 18695011 ACADEMIC SUPPORT - PROVIDES FUNDING FOR SUPPORT SERVICES TO THE INSTRUCTIONAL DEPARTMENTS, ACADEMIC ENHANCEMENT AND STUDENT ORIENTATION SERVICES, HONORS PROGRAMS, AND THE LIBRARY. STUDENT SERVICES - PROVIDES FUNDING FOR THE OFFICES OF ADMISSIONS, REGISTRAR, AND OTHER STUDENT RELATED SUPPORT SERVICES AND ACTIVITIES TO ENSURE STUDENTS' EMOTIONAL AND PHYSICAL WELL-BEING AND DEVELOPMENT OUTSIDE THE FORMAL INSTRUCTIONAL PROGRAM. 23385547 23385547 STUDENT AID AND OTHER - FUNDING FOR SCHOLARSHIPS, GRANTS, AND OTHER FINANCIAL AID. THE COLLEGE AWARDS FEDERAL AND STATE GRANTS AND/OR LOANS BASED UPON FINANCIAL NEED. COLLEGE FUNDED INSTITUTIONAL AND ENDOWED GRANTS/SCHOLARSHIPS ARE AWARDED BASED UPON FINANCIAL NEED AND ACADEMIC MERIT. 61975764 true true false true false false false true false true true true false false true true true false true false true false false false true false false false true true true false false true false false false false false false false true false false false false false false false false true 212 0 true 604 true false false false false false true true false false false false X 27 27 true false false false false false false true true false false true true true true true true true true false X JOHN RAGNO VP OF FINANCE 7184895364 180 REMSEN STREET BROOKLYN NY 11201 John F Tully Trustee - Chair 1.0 0.0 X X 0 0 0 Hector Batista Trustee 1.0 0.0 X 0 0 0 Brother William A Boslet Trustee 1.0 0.0 X 0 0 0 Monsignor John J Bracken Trustee 1.0 0.0 X 0 0 0 Bill Cline Trustee 1.0 0.0 X 0 0 0 Edward N Constantino Trustee 1.0 0.0 X 0 0 0 Brother Leonard Conway Trustee 1.0 0.0 X 0 0 0 Orville W Dale Trustee 1.0 0.0 X 0 0 0 Kenneth D Daly Trustee-Chair Finance Committe 1.0 0.0 X X 0 0 0 Mary Beth Dawson Trustee 1.0 0.0 X 0 0 0 William F Dawson Trustee 1.0 0.0 X 0 0 0 Eugene Donnelly Trustee - Secretary 1.0 0.0 X X 0 0 0 Catherine Greene Trustee 1.0 0.0 X 0 0 0 Leslie S Jacobson Trustee 1.0 0.0 X 0 0 0 Barbara G Koster Trustee 1.0 0.0 X 0 0 0 Jesus F Linares Trustee 1.0 0.0 X 0 0 0 Michael C Macchiarola Trustee 1.0 0.0 X 0 0 0 J Christopher Mangan Trustee 1.0 0.0 X 0 0 0 Victor J Masi Trustee 1.0 0.0 X 0 0 0 Lawrence A Marsiello Trustee 1.0 0.0 X 0 0 0 Gino P Menchini Trustee 1.0 0.0 X 0 0 0 Denis J Salamone Trustee 1.0 0.0 X 0 0 0 Walt Pearson Trustee 1.0 0.0 X 0 0 0 Mike MacIntyre Trustee 1.0 0.0 X 0 0 0 Brother Christopher D Thurneau Trustee 1.0 0.0 X 0 0 0 Jean Desravines Trustee 1.0 0.0 X 0 0 0 Katherine Cooney Burke Trustee 1.0 0.0 X 0 0 0 Miguel Martinez-Saenz President 35.0 0.0 X 103226 0 10383 Timothy J Houlihan Provost - Former Interim Pres. 35.0 0.0 X 362856 0 51438 Thomas Flood VP of Development 35.0 0.0 X 218540 0 58427 Linda Werbel Dashefsky VP of Government Relations 35.0 0.0 X 189081 0 55793 Madalyn Hanley Chief Information Officer 35.0 0.0 X 176035 0 27880 Kevin S O'Rourke VP Facilities & Capital Proj 35.0 0.0 X 180640 0 55377 John Ragno VP for Finance 35.0 0.0 X 176485 0 55905 Joseph Cummings VP of Enrollment 35.0 0.0 X 169750 0 48887 Jennifer Lancaster VP for Academic Affairs 35.0 0.0 X 149549 0 21971 Jose Rodriguez VP of Student Affairs 35.0 0.0 X 143930 0 17073 Geoffrey Horlick Professor of Accounting 35.0 0.0 X 186178 0 43424 Dennis Anderson Professor of Business Mgmt 35.0 0.0 X 175921 0 29068 Glenn Braica Head Men's Basketball Coach 35.0 0.0 X 169945 0 29779 Alllen Burdowski Dean of Sciences & Health Sci. 35.0 0.0 X 200915 0 24783 Steve Catalano Director of Inst. Research 35.0 0.0 X 169100 0 20272 June A McGrisken Executive VP 35.0 0.0 X 246825 0 34767 3018976 0 585227 56 true true false JC Elite Construction Services 601 E Bay Drive LONG BEACH NY 11561 RENOVATIOn 909677 Collins Building Services 24-01 44TH ROAD 15TH FLOOR LONG ISLAND CITY NY 11101 MAINTENANCE 825990 Ferrilli Information Group 41 S Haddon Avenue Suite 7 HADDONFIELD NJ 08033 SOFTWARE MAINTENANCE 370641 Anthem Productions LLC 15 Dock Street MOUNT VERNON NY 10550 AUDIO TECH 220951 Universal Protection Service LP PO Box 828854 PHILADELPHIA PA 191828854 SECURITY 150008 10 133520 587148 6666939 325870 7387607 STUDENT TUITION AND FEES 611710 58693266 58693266 ATHLETIC RELATED INCOME 611710 569218 569218 59262484 287012 287012 0 0 1453818 1453818 0 1453818 1453818 13477707 10919174 2558533 2558533 2558533 887872 133250 281919 605953 605953 0 0 0 0 0 0 VENDOR COMMISSIONS AND OTHER 721000 173100 173100 173100 71728507 59262484 0 5078416 0 0 23385547 23385547 0 0 0 0 3018976 1559044 1241392 218540 0 0 0 0 19222411 15360763 3537873 323775 1682109 1279640 361454 41015 4479039 3407363 962463 109213 1750645 1331778 376181 42686 0 0 0 0 178931 178931 0 0 171296 42500 128796 0 144000 0 144000 0 0 0 145633 0 145633 0 210565 210565 1876885 398720 1477665 500 266088 103282 160991 1815 1521226 585624 835602 100000 0 0 0 0 2035343 0 2035343 0 252162 120918 88895 42349 0 0 0 0 143217 108783 33250 1184 1477205 1477205 0 0 0 0 0 0 4324124 3720344 603780 0 0 0 0 0 PHYSICAL PLANT MAINTENANCE 2209040 161230 2047810 ATHLETIC GAME MGMT & SUPL EX 1193809 1193809 BAD DEBT EXPENSE 1386927 1386927 STUDENT GOVERNMENT 440913 440913 7695770 7560283 80773 54714 79211861 61975764 16300306 935791 2284460 710369 270995 134004 2302758 3034661 1934462 2108347 0 0 0 0 548023 539321 0 0 503870 631964 113163578 59008170 55911311 54155408 35873597 32813497 39682760 41061214 0 0 0 0 1896814 1897661 141209050 137086446 4951048 6752688 0 0 1760745 1158723 34481793 33750815 0 0 0 0 0 0 0 0 1555249 1588201 42748835 43250427 X 71984408 64826542 13163598 15013028 13312209 13996449 98460215 93836019 141209050 137086446 -7483354 2859158 X false true X true true true X 3183943 4848588 4117464 5496262 7387607 25033864 0 0 3183943 4848588 4117464 5496262 7387607 25033864 315650 24718214 3097986 2176368 958062 1180555 1740830 9153801 5740 1500 3000 830 11070 1189835 1184480 847544 1043430 1060972 5326261 39524996 297708655 0.62538 0.57278 X false false false false false false false false true 144000 144000 false Description of Lobbying Activities PART II B, LINE 1J THE COLLEGE HIRES CONSULTANTS TO PROVIDE ADVICE, STRATEGIC PLANNING, AND PROGRAM IMPLEMENTATION ON VARIOUS PROJECTS AND ISSUES. ADDITIONALLY, ON BEHALF OF THE COLLEGE THE CONSULTANT ATTENDS AND PERFORMS VARIOUS PRESENTATIONS BEFORE ELECTED OFFICIALS, PUBLIC HEARINGS AND GOVERNMENT ADMINISTRATORS. 200205 X X Currently Held in Storage false 51890450 684240 5559070 1298472 8736215 48099073 47782031 899036 8048783 1331388 3508012 51890450 51614766 284843 -139228 513569 3464781 47782031 54150943 579218 1218969 668347 3666017 51614766 48282757 732424 10039247 1116612 3786873 54150943 0.50840 0.20060 0.29100 false false 105640 105640 99967487 50741069 49226418 12746632 8267101 4479531 343819 343819 54155408 PRIVATE EQUITY FUND 23108473 F ABSOLUTE RETURN HEDGE FUND 16387158 F PRIVATE REAL ESTATE FUND 1565583 F 41061214 0 DEFERRED REV AND STUDENT DEPOSITS 775020 REFUNDABLE LOAN PROGRAM 505083 ACCRUED INTEREST PAYABLE 308098 1588201 X 51338404 2859158 281919 3141077 48197327 145633 23385547 23531180 71728507 55962600 281919 281919 55680681 145633 23385547 23531180 79211861 ART COLLECTIONS PART III, LINE 4 THE COLLEGE POSSESSES A COLLECTION OF CENTRAL AMERICAN ART HELD IN STORAGE. Endowment Part V, Line 4 CERTAIN ENDOWMENT FUNDS ARE USED TO PROVIDE SCHOLARSHIPS TO STUDENTS IN ACCORDANCE WITH DONOR SPECIFICATIONS. IN ADDITION, THE BOARD OF TRUSTEES APPROVED A SPENDING Policy that made available 13% of the average market value of investments TO SUPPORT THE OPERATIONS OF THE COLLEGE. THE ACTUAL AMOUNT USED FOR OPERATIONS WAS 5.0% IN FISCAL 2017. Fin 48 Part x, Line 2 The college follows guidance that clarifies the accounting for Uncertainty in tax positions taken or expected to be taken in a tax Return, including issues relating to financial statement recognition and Measurement. This guidance requires that a tax position be recognized or Derecognized based on a "more likely than not" threshold, and applies to Positions taken or expected to be taken in a tax return. During fiscal 2018 and 2017, the college evaluated its tax positions and concluded that It does not have any uncertain tax positions that meet the criteria under The standard. Reconciliation Parts XI and XII, line 2d The amount represents fundraising expenses netted against revenue. Parts XI and XII, line 4b The amount represents scholarships and government sponsored assistance that are netted against revenues on the financial statements. true true true true true true true false false false false false false false false true false true NON-DISCRIMINATORY POLICY PART I, LINE 3 THE COLLEGE WEBSITE PUBLICIZES ITS RACIALLY NON-DISCRIMINATORY POLICY ON ITS WEBSITE. FINANCIAL AID Part I, Line 6a FINANCIAL ASSISTANCE IS PROVIDED TO OUR STUDENTS BY THE U.S. DEPARTMENT OF EDUCATION THROUGH FEDERALLY FUNDED CAMPUS BASED PROGRAMS - FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANT (FSEOG), FEDERAL WORK STUDY (FWS), AND THE FEDERAL PERKINS LOAN PROGRAM. Central America and the Caribbean Investments 4885827 4885827 4885827 true false true false true false Schedule F, Part IV St. Francis College INVESTS DIRECTLY IN VARIOUS ALTERNATIVE INVESTMENTS THAT MAY BE ORGANIZED AS EITHER FOREIGN CORPORATIONS OR FOREIGN PARTNERSHIPS; IT LIKEWISE, INVESTS IN DOMESTIC LIMITED PARTNERSHIPS THAT MAY, IN TURN, INVEST IN FOREIGN CORPORATIONS OR PARTNERSHIPS. NEVERTHELESS, SFC's INVESTMENT ACTIVITIES MAY NOT REACH THE THRESHOLDS REQUIRED FOR THE FILING OF FORMS 926, 5471, 8621, OR 8865. TO THE EXTENT THAT SFC IS REQUIRED TO COMPLETE ONE (OR MORE) OF THESE FOREIGN FORMS, THEY ARE FILED WITH THE FORM 990-T FILING. Dinners 708377 98500 609877 95294 88438 Golf Outings 313015 35020 277995 15000 2189 57540 23458 0 1021392 133520 887872 15000 2189 152834 111896 281919 605953 true College Funded Scholarships 2000 23079100 Supplemental Equal Opportunity Grant 192 161713 Federal Work Study 200 144734 Part I, Line 2 THE COLLEGE AWARDS FEDERAL AND STATE GRANTS BASED UPON FINANCIAL NEED. COLLEGE FUNDED INSTITUTIONAL AND ENDOWED GRANTS/SCHOLARSHIPS ARE AWARDED BASED UPON FINANCIAL NEED AND ACADEMIC MERIT. THE COLLEGE MONITORS THESE GRANTS AND AWARDS BY SEMESTER TO VERIFY THAT RECIPIENTS ARE MAINTAINING THE MINIMUM STANDARDS REQUIRED TO RECEIVE THE GRANT OR AWARD. X X X X X false false false false false false false false false Timothy J Houlihan Provost - Former Interim Pres. 362856 0 0 0 0 0 38513 0 12925 0 414294 0 0 0 Thomas Flood VP of Development 218540 0 0 0 0 0 27305 0 31122 0 276967 0 0 0 Linda Werbel Dashefsky VP of Government Relations 189081 0 0 0 0 0 23134 0 32659 0 244874 0 0 0 June A McGrisken Executive VP 246825 0 0 0 0 0 32525 0 2242 0 281592 0 0 0 Madalyn Hanley Chief Information Officer 176035 0 0 0 0 0 20587 0 7293 0 203915 0 0 0 Kevin S O'Rourke VP Facilities & Capital Proj 180640 0 0 0 0 0 21967 0 33410 0 236017 0 0 0 Geoffrey Horlick Professor of Accounting 186178 0 0 0 0 0 20782 0 22642 0 229602 0 0 0 Dennis Anderson Professor of Business Mgmt 175921 0 0 0 0 0 16831 0 12237 0 204989 0 0 0 John Ragno VP for Finance 176485 0 0 0 0 0 21505 0 34400 0 232390 0 0 0 Glenn Braica Head Men's Basketball Coach 169945 0 0 0 0 0 19033 0 10746 0 199724 0 0 0 Alllen Burdowski Dean of Sciences & Health Sci. 200915 0 0 0 0 0 21908 0 2875 0 225698 0 0 0 Joseph Cummings VP of Enrollment 169750 0 0 0 0 0 19019 0 29868 0 218637 0 0 0 Steve Catalano Director of Inst. Research 169100 0 0 0 0 0 18924 0 1348 0 189372 0 0 0 Jennifer Lancaster VP for Academic Affairs 149549 0 0 0 0 0 8755 0 13216 0 171520 0 0 0 Jose Rodriguez VP of Student Affairs 143930 0 0 0 0 0 14611 0 2462 0 161003 0 0 0 A Dormitory Authority of New York State 146000293 6499053FL 2010-08-17 25000306 Capital Improvements false true false A 0 0 25000306 0 0 0 500006 0 0 24500000 0 0 2014 false false true true A false false false false 0 false false false true A true false false 0 false 0 false false A true X 8 325870 FMV false false false Form 990, Part VI, Section A, Line 2 RELATIONSHIP DISCLOSURE WILLIAM F. DAWSON AND MARY BETH DAWSON HAVE A FAMILY RELATIONSHIP. Form 990, Part VI, Section B, Line 11b Form 990 Review process THE FORM 990 IS PREPARED AND REVIEWED INTERNALLY BY THE FINANCE DEPARTMENT AND FORWARDED TO AN INDEPENDENT ACCOUNTING FIRM FOR EXTERNAL REVIEW. ONCE THE REVIEW PROCESS IS COMPLETE, THE FULL 990 IS PROVIDED TO THE AUDIT COMMITTEE FOR REVIEW AND APPROVAL. UPON APPROVAL, A COPY OF THE FULL 990 IS PROVIDED TO ALL BOARD MEMBERS PRIOR TO FILING. Form 990, Part VI, Section B, Line 12c CONFLICT OF INTEREST POLICY ENFORCEMENT AND MONITORING THE CONFLICT OF INTEREST POLICY IS DISTRIBUTED TO ALL FACULTY, STAFF, AND ADMINISTRATION EVERY YEAR. CERTAIN EMPLOYEES ARE REQUIRED TO SIGN THE QUESTIONNAIRE AND DISCLOSE ANY CONFLICTS. ALL MEMBERS OF THE BOARD OF TRUSTEES ARE REQUIRED TO REVIEW THE POLICY AND SIGN AND COMPLETE A QUESTIONNAIRE ON AN ANNUAL BASIS, DISCLOSING POTENTIAL CONFLICTS. THE EXECUTIVE COMMITTEE OF THE BOARD MONITORS AND ENFORCES COMPLIANCE. IN THE EVENT A TRUSTEE, OFFICER OR KEY EMPLOYEE PLANS TO INITIATE OR PARTICIPATE IN A TRANSACTION, ARRANGEMENT OR ACTIVITY WITH OR ON BEHALF OF THE COLLEGE IN WHICH HE HAS A MATERIAL FINANCIAL INTEREST OF ANY NATURE, SUCH PERSON MUST DISCLOSE SUCH INTEREST TO THE AUDIT COMMITTEE OF THE COLLEGE BOARD OF TRUSTEES (THE "COMMITTEE") BEFORE COMMENCING SUCH ACTIVITY. AFTER DISCLOSURE OF ALL RELEVANT INFORMATION, THE DISCLOSING PERSON MAY MAKE A PRESENTATION AT THE COMMITTEE MEETING. AFTER SUCH PRESENTATION, THE COMMITTEE SHALL, IN ABSENCE OF THE DISCLOSING PERSON, DISCUSS AND VOTE ON, THE TRANSACTION, ARRANGEMENT OR ACTIVITY AND DETERMINE WHETHER A CONFLICT OF INTEREST EXISTS. IF THE DISCLOSING PERSON IS A MEMBER OF THE COMMITTEE, SUCH PERSON SHALL ABSTAIN FROM DELIBERATIONS AND VOTING, AND THE DISINTERESTED MEMBERS OF THE COMMITTEE SHALL MAKE THE DETERMINATION IN ABSENCE OF SUCH PERSON. THE DISCLOSING PERSON SHALL NOT IN ANY WAY IMPROPERLY INFLUENCE THE DELIBERATION OR VOTING ON THE TRANSACTION, ARRANGEMENT OR ACTIVITY GIVING RISE TO A POTENTIAL CONFLICT. THE COMMITTEE WILL REVIEW ALL RELEVANT INFORMATION. THE REVIEW PROCESS WILL BE DESIGNED TO PROTECT CONFIDENTIAL INFORMATION TO THE DEGREE PERMITTED BY LAW. THE COMMITTEE WILL MAKE A DETERMINATION AS TO WHETHER A SITUATION IS PERMISSIBLE OR A CONFLICT OF INTEREST EXISTS, WHICH SHALL BE FINAL, SUBJECT TO RATIFICATION BY THE ENTIRE BOARD AT ITS NEXT MEETING. IF THE COMMITTEE HAS REASONABLE CAUSE TO BELIEVE THAT A TRUSTEE, OFFICER OR KEY EMPLOYEE HAS KNOWINGLY FAILED TO DISCLOSE AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST, IT SHALL INFORM SUCH PERSON OF THE BASIS FOR SUCH BELIEF AND AFFORD SUCH PERSON AN OPPORTUNITY TO EXPLAIN THE ALLEGED FAILURE TO DISCLOSE. IF, AFTER RECEIVING THE RESPONSE OF THE INDIVIDUAL AND MAKING SUCH FURTHER INVESTIGATION AS MAY BE WARRANTED IN THE CIRCUMSTANCES, THE COMMITTEE DETERMINES THAT THE TRUSTEE, OFFICER OR KEY EMPLOYEE HAS IN FACT KNOWINGLY FAILED TO DISCLOSE AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST, IT SHALL TAKE APPROPRIATE DISCIPLINARY ACTION WHICH MAY INCLUDE A RECOMMENDATION TO THE ENTIRE BOARD FOR THE REMOVAL OF THE TRUSTEE OR OFFICER FOR THE DISCHARGE OF THE KEY EMPLOYEE IN ACCORDANCE WITH THE BYLAWS AND POLICIES AND PROCEDURES OF THE COLLEGE AND THE LAWS OF THE STATE OF NEW YORK. Form 990, Part VI, Section B, Line 15a & 15b Process for determining compensation THE COLLEGE ENGAGED AN INDEPENDENT CONSULTANT in August 2018 TO REVIEW AND COMPARE THE COMPENSATION OF TOP MANAGEMENT TO SIMILAR INSTITUTIONS IN A COMPENSATION STUDY. A COMPENSATION SURVEY WAS PERFORMED REGARDING COMPENSATION OF OTHER OFFICERS. COMPENSATION DECISIONS AND REPORTS ARE CONTEMPORANEOUSLY DOCUMENTED IN THE BOARD MINUTES WHEN THE DECISIONS ARE MADE. Form 990, Part VI, Line 19 Public Disclosure of Documents THE AUDITED FINANCIAL STATEMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE ON THE COLLEGE'S WEBSITE AT WWW.SFC.EDU. GOVERNING DOCUMENTS ARE MADE AVAILABLE UPON REQUEST AT MANAGEMENT'S DISCRETION.