2017-05-10T16:12:05-05:00 2016-06-30 141555429 UHY ADVISORS NY INC 4 TOWER PLACE EXECUTIVE PARK 7TH FLOOR ALBANY NY 12203 990 2015-07-01 141338371 THE COLLEGE OF SAINT ROSE COLL 5184542066 432 WESTERN AVENUE ALBANY NY 12203 DEBRA LEE POLLEY TREASURER 5184542066 2017-05-09 1 JAMES P DANIELS P00603621 5184493166 2015 2021-01-29 14:40:06Z DR CAROLYN J STEFANCO 432 WESTERN AVENUE ALBANY NY 12203 159586213 0 X WWW.STROSE.EDU X 1920 NY TO PROVIDE HIGHER EDUCATIONAL OPPORTUNITIES. 31 31 2199 526 0 0 12136593 9156085 104309961 106520793 2107523 1255578 969744 841224 119523821 117773680 37969559 42351395 0 0 52011551 46678575 0 0 2003832 31585622 33470977 121566732 122500947 -2042911 -4727267 202962129 190595886 78217118 73800461 124745011 116795425 X THE COLLEGE OF SAINT ROSE COMMUNITY ENGAGES HIGHLY MOTIVATED UNDERGRADUATE AND GRADUATE STUDENTS IN RIGOROUS EDUCATIONAL EXPERIENCES. IN THE PROGRESSIVE TRADITION OF THE FOUNDING SISTERS OF ST. JOSEPH OF CARONDELET, WE WELCOME MEN AND WOMEN FROM ALL RELIGIOUS AND CULTURAL BACKGROUNDS. IN ADDITION TO DEVELOPING THEIR INTELLECTUAL CAPACITIES, STUDENTS HAVE THE OPPORTUNITY TO CULTIVATE THEIR CREATIVE AND SPIRITUAL GIFTS IN A DIVERSE LEARNING COMMUNITY THAT FOSTERS INTEGRITY, INTERDEPENDENCE, AND MUTUAL RESPECT.THE COLLEGE DELIVERS DISTINCTIVE AND COMPREHENSIVE LIBERAL ARTS AND PROFESSIONAL PROGRAMS THAT INSPIRE OUR GRADUATES TO BE PRODUCTIVE ADULTS, CRITICAL THINKERS, AND MOTIVATED, CARING CITIZENS. OUR ENGAGEMENT WITH THE URBAN ENVIRONMENT EXPANDS THE SETTING FOR EDUCATIONAL OPPORTUNITIES AND ENCOURAGES THE SAINT ROSE COMMUNITY'S ENERGETIC INVOLVEMENT AND EFFECTIVE LEADERSHIP IN SOCIETY. 0 0 107591688 42351395 90989132 THE COLLEGE PROVIDES POST-SECONDARY EDUCATION TO BOTH UNDERGRADUATE AND GRADUATE STUDENTS. 107591688 1 0 0 0 0 0 0 1 0 1 1 1 0 0 1 1 1 0 1 0 1 0 1 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 143 0 2199 1 0 0 0 0 0 1 1 0 0 0 0 X 31 31 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X DEBRA LEE POLLEY 5184542066 432 WESTERN AVE ALBANY NY 12203 MR ROBERT H BARLOW TRUSTEE 0.50 X 0 0 0 MS JUDITH CALOGERO TRUSTEE 0.50 X 0 0 0 MS RITA B CROTTY TRUSTEE 0.50 X 0 0 0 MS RITA F DILLON TRUSTEE 0.50 X 0 0 0 SR MARY LOUISE DOLAN CSJ TRUSTEE 0.50 X 0 0 0 SR MARGARET M EDIC CSJ TRUSTEE 0.50 X 0 0 0 MR TIMOTHY JOHN FENTON TRUSTEE 0.50 X 0 0 0 SR ELIZABETH GIARRUSSO CSJ TRUSTEE 0.50 X 0 0 0 MR RYAN P HALLIDAY TRUSTEE 0.50 X 0 0 0 SR KATHERINE HANLEY CSJ TRUSTEE 0.50 X 0 0 0 MR GEORGE R HEARST III TRUSTEE 0.50 X 0 0 0 SR MARY ANNE HEENAN CSJ TRUSTEE 0.50 X 0 0 0 SR JOAN LESCINSKI CSJ TRUSTEE 0.50 X 0 0 0 MR I NORMAN MASSRY TRUSTEE 0.50 X 0 0 0 MRS JULIE MASSRY KNOX TRUSTEE 0.50 X 0 0 0 DR MATTHEW H MATARASO TRUSTEE 0.50 X 0 0 0 MS TONITA MCKONE TRUSTEE 0.50 X 0 0 0 MR MICHAEL MILLER TRUSTEE 0.50 X 0 0 0 MR DANIEL P NOLAN TRUSTEE 0.50 X 0 0 0 MR KEVIN O'CONNOR TRUSTEE 0.50 X 0 0 0 DR KATHLEEN S RICKER TRUSTEE 0.50 X 0 0 0 MR JAMES J SANDMAN TRUSTEE 0.50 X 0 0 0 MR GREGORY V SERIO TRUSTEE 0.50 X 0 0 0 MS ELIZABETH A SIMCOE TRUSTEE 0.50 X 0 0 0 SR PATRICIA ST JOHN CSJ TRUSTEE 0.50 X 0 0 0 MR JEFFREY D STONE TRUSTEE 0.50 X 0 0 0 MR CHARLES TOUHEY TRUSTEE 0.50 X 0 0 0 SR J ELIZABETH VAN DEUSEN CSJ TRUSTEE 0.50 X 0 0 0 SR MARCIA A WHITE TRUSTEE 0.50 X 0 0 0 MR HAROLD L WILLIAMS TRUSTEE 0.50 X 0 0 0 SR DIANE P ZIGO CSJ TRUSTEE 0.50 X 0 0 0 DR CAROLYN STEFANCO PRESIDENT 40.00 X 326347 0 14675 MS DEBRA LEE POLLEY INTERIM VP FINANCE/ADMIN 40.00 X 119947 0 18437 MS MARY GRONDAHL VP ENROLLMENT MGMT 40.00 X 157402 0 23904 MR THOMAS MAHAR FORMER INTERIM VP FINANCE & ADMIN 40.00 X 191562 0 16215 MR IAN FARRELL VP FOR IA 40.00 X 176614 0 17922 DR LEROY BYNUM DEAN OF ARTS AND HUMANITIES 40.00 X 126059 0 12026 MS LISA HALEY-THOMSON CHIEF OF STAFF 40.00 X 127090 0 5160 MR JOHN AVITABILE FACULTY MEMBER 40.00 X 123992 0 16799 MR MARCUS BUCKLEY FORMER COO 40.00 X 203476 0 22625 MR DENNIS MCDONALD VP STUDENT AFFAIRS 40.00 X 124696 0 18856 DR HADI SALAVITABAR FORMER PROVOST 40.00 X 171698 0 18997 1848883 0 185616 25 1 1 0 ARAMARK CORPORATION PO BOX 198532 ATLANTA GA 30384 MAINT/FOOD SERVICE 3589479 ROYALL & COMPANY 1001 PATTERSON AVE RICHMOND VA 23238 STUDENT SEARCH SERVICES 904773 HOGAN LOVELLS US LLP COLUMBIA SQUARE 555 THIRTEENTH ST WASHINGTON DC 20004 LEGAL SERVICES 737060 BARTLEY & DICK 330 WEST 38TH ST SUITE 1401 NEW YORK NY 10018 PROFESSIONAL SERVICES 467740 USHERWOOD OFFICE TECHNOLOGY 1005 W FAYETTE STREET SYRACUSE NY 13204 MAIL PRINTING SERVICES 449807 21 5664849 3491236 211167 9156085 TUITION AND FEES 611710 90989132 90989132 AUXILIARY SERVICES 900099 15531661 15531661 106520793 447399 447399 42620712 41783487 29046 837225 -29046 808179 808179 OTHER REVENUE 900099 841224 841224 841224 117773680 90989132 0 17628463 41726327 41726327 625068 625068 1341807 197504 1144303 34574029 30778170 2734720 1061139 1021112 850179 158815 12118 7117999 5985254 964816 167929 2623628 2224168 325414 74046 438225 438225 867728 867728 85750 85750 245237 245237 3589479 3589479 235778 89590 145551 637 1945299 1640163 237567 67569 1139110 413577 722874 2659 975202 820455 133949 20798 648204 532904 99785 15515 2255275 1868578 334724 51973 7116543 5896317 1056225 164001 792161 656335 117571 18255 EDUCATIONAL 3693507 3693507 OTHER CONTRACTUAL SERVI 2815666 1406067 1254800 154799 UTILITIES 1845702 1607698 206016 31988 ADMIN AND GENERAL 1537301 1537301 3244810 2552123 532281 160406 122500947 107591688 12905427 2003832 12101578 5946910 3651764 3166949 3978913 3390678 1221395 1188495 233764987 109276147 128624866 124488840 35307892 27619644 15723707 24310675 2352014 483695 202962129 190595886 11724258 12082855 1140043 792956 55620000 58178706 324663 1589242 9408154 1156702 78217118 73800461 X 101813371 95361551 8186895 6743309 14744745 14690565 124745011 116795425 202962129 190595886 X -4727267 -2800156 -422163 X 0 1 X 1 1 1 X 12453369 11483838 9927247 12136593 9156085 55157132 12453369 11483838 9927247 12136593 9156085 55157132 55157132 931082 493507 559449 407392 447399 2838829 825999 748670 1243718 969744 841224 4629355 62625316 523924733 0.88070 0.88400 X PARTS I AND II/PUBLIC CHARITY STATUS AND SUPPORT SCHEDULE: THE COLLEGE QUALIFIES AS A PUBLIC CHARITY AS A SCHOOL DESCRIBED IN INTERNAL REVENUE CODE SECTION 170(B)(1)(A)(II). SCHEDULE A, PART II (SUPPORT SCHEDULE) HAS BEEN COMPLETED TO DEMOSTRATE ELIGIBILITY TO REPORT CONTRIBUTIONS ON SCHEDULE B UNDER THE APPLICABLE SPECIAL RULE. 172982 X X 0 41855559 288979 -1645904 -1219835 39278799 42001304 1387847 -379774 -1153818 41855559 36206100 616467 5743241 -564504 42001304 31925068 1136376 3456288 -311632 36206100 31663866 1073734 -376777 -435755 31925068 0.49450 0.37400 0.13150 0 0 1974545 1974545 195439239 75711237 119728002 34084242 31667314 2416928 2266961 1897596 369365 124488840 PRIVATE HEDGE FUND 9090023 F PRIVATE EQUITY FUND 704230 F REAL ESTATE 2192480 F LIMITED PARTNERSHIP 595951 F BOND FUND 2359839 F CASH AND CASH EQUIVALENTS 9368152 F 24310675 U.S. GOVERNMENT ADVANCES 1156702 1156702 X 79003477 -2800156 -422163 -3222319 82225796 35547884 35547884 117773680 86953063 0 86953063 35547884 35547884 122500947 PART III, LINE 4: DESCRIPTION OF ART, ETC., COLLECTIONS AND CONTRIBUTION TO EXEMPT PURPOSE: COLLECTIONS OF ART AND HISTORICAL MATERIALS ARE USED TO ENRICH THE LIBERAL ARTS EDUCATION PROVIDED BY THE COLLEGE. PART V, LINE 4: INTENDED USES OF ENDOWMENT FUNDS: THE PRIMARY USES OF THE ENDOWMENT ARE SCHOLARSHIPS AND AWARDS (BASED ON DONOR AGREEMENT), TO FUND NECESSARY CAPITAL PROJECTS, AND TO ADDRESS OTHER NEEDS OF THE COLLEGE AS APPROVED BY THE BOARD OF TRUSTEES. PART X, LINE 2: FIN 48 (ASC 740) FINANCIAL STATEMENTS NOTE RELATED TO UNCERTAIN TAX POSITIONS: THE COLLEGE BELIEVES THAT THERE ARE NO UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. THE COLLEGE HAS NO FEDERAL OR STATE INFORMATIONAL RETURNS THAT ARE CURRENTLY UNDER EXAMINATION BY THE INTERNAL REVENUE SERVICE ("IRS") OR STATE AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: SWAP ADJUSTMENT -422,163. PART XI, LINE 4B - OTHER ADJUSTMENTS: INSTITUTIONAL AID 35,547,884. PART XII, LINE 4B - OTHER ADJUSTMENTS: INSTITUTIONAL AID 35,547,884. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 POLICY IS PUBLISHED IN STUDENT HANDBOOK AND OTHER COLLEGE PUBLICATIONS, AS WELL AS THE COLLEGE'S WEBSITE. SCHEDULE E, PART I, LINE 6 THE COLLEGE RECEIVES GRANTS FROM THE FEDERAL GOVERNMENT TO HELP ACHIEVE AND FURTHER ITS EDUCATIONAL MISSION. THE COLLEGE ALSO RECEIVES FEDERAL AND NEW YORK STATE FUNDS THROUGH ITS STUDENTS IN THE FORM OF FEDERAL AND STATE STUDENT FINANCIAL AID AND ASSISTANCE. 1 EUROPE 0 0 STUDY ABROAD AND FACULTY LED PROGRAMS EDUCATIONAL 335850 EAST ASIA AND PACIFIC 0 0 STUDY ABROAD AND FACULTY LED PROGRAMS EDUCATIONAL 51812 CENTRAL AMERICA AND THE CARIBBEAN 0 0 STUDY ABROAD AND FACULTY LED PROGRAMS EDUCATIONAL 35646 SOUTH ASIA 0 0 STUDY ABROAD AND FACULTY LED PROGRAMS EDUCATIONAL 130300 NORTH AMERICA 0 0 STUDY ABROAD AND FACULTY LED PROGRAMS EDUCATIONAL 553608 0 0 0 0 0 0 1107216 0 1107216 STUDY ABROAD PROGRAM FOR STUDENTS EUROPE 15 209493 APPLIED TO STUDENTS ACCOUNTS STUDY ABROAD PROGRAM FOR STUDENTS CENTRAL AMERICA AND CARIBBEAN 1 17646 APPLIED TO STUDENTS ACCOUNTS STUDY ABROAD PROGRAM FOR STUDENTS EAST ASIA AND PACIFIC 4 51812 APPLIED TO STUDENTS ACCOUNTS 0 0 0 0 0 0 1 SCHOLARSHIPS 2787 41726327 PART I, LINE 2: PROCEDURE FOR MONITORING USE OF GRANT FUNDS: SCHOLARSHIPS ARE AWARDED BASED ON NEED AND MONITORED ANNUALLY BASED ON STUDENTS' ACADEMIC PROFILES AND GUIDELINES AS PROVIDED TO STUDENTS. X X X 0 1 X X 1 0 0 0 0 0 0 0 0 DR CAROLYN STEFANCO PRESIDENT 326347 0 0 0 0 0 14625 0 50 0 341022 0 0 0 MS MARY GRONDAHL VP ENROLLMENT MGMT 157402 0 0 0 0 0 7143 0 16761 0 181306 0 0 0 MR THOMAS MAHAR FORMER INTERIM VP FINANCE & ADMIN 191562 0 0 0 0 0 5926 0 10289 0 207777 0 0 0 MR IAN FARRELL VP FOR IA 176614 0 0 0 0 0 6404 0 11518 0 194536 0 0 0 MR MARCUS BUCKLEY FORMER COO 203476 0 0 0 0 0 10566 0 12059 0 226101 0 0 0 MR DENNIS MCDONALD VP STUDENT AFFAIRS 124696 0 0 0 0 0 5852 0 13004 0 143552 0 0 0 DR HADI SALAVITABAR FORMER PROVOST 171698 0 0 0 0 0 10575 0 8422 0 190695 0 0 0 PART I, LINE 1A THE OFFICIAL RESIDENCE OF THE PRESIDENT IS OWNED AND MAINTAINED BY THE COLLEGE AND IS SITUATED IN CLOSE PROXIMITY TO THE COLLEGE'S URBAN CAMPUS. THE PRESIDENT RESIDES IN HER OFFICIAL RESIDENCE AS A CONDITION OF EMPLOYMENT AND FOR THE CONVENIENCE OF THE COLLEGE AND CERTAIN FUNDRAISING AND OTHER COLLEGE FUNCTIONS ARE HOSTED BY THE PRESIDENT IN HER OFFICIAL RESIDENCE UNDER STIPULATION IN HER EMPLOYMENT CONTRACT. PART I, LINE 4A MR. MARCUS BUCKLEY - $203,476 IN BASE COMPENSATION, $10,566 IN DEFERRED COMPENSATION, AND $12,059 IN NONTAXABLE BENEFITS. A CITY OF ALBANY CAPITAL RESOURCE CORPORATION 273467899 012432AN0 2011-07-19 21235000 TO FINANCE VARIOUS CAPITAL PROJECTS AT THE COLLEGE 0 0 0 B CITY OF ALBANY CAPITAL RESOURCE CORPORATION 273467899 012432BA7 2015-11-13 39760000 REFINANCE 2007 BONDS AND SWAP 0 0 0 A 21235000 1506293 1079918 571611 17951548 2012 0 0 1 1 B 39760000 445346 39314654 2015 1 0 1 1 A 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 A 0 0 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 0 0 A 0 B 0 X 11 126183 MARKET QUOTE X VARIOUS IN KIND 104 84984 FAIR VALUE 0 0 0 FORM 990, PART VI, SECTION B, LINE 11 FORM 990 REVIEW PROCEDURE: THE FORM 990 IS MADE AVAILABLE FOR THE REVIEW OF THE GOVERNING BODY BEFORE FILING AND THEIR OBSERVATIONS ARE INCORPORATED AS APPROPRIATE IN THE PRESENTATION OF THE INFORMATION. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST POLICY PROCEDURES: ANNUAL CERTIFICATION OF COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY IS REQUIRED OF ALL MEMBERS OF THE GOVERNING BODY AND OFFICERS IN FEBRUARY EACH YEAR, AND OF NEWLY-APPOINTED INDIVIDUALS AT THE TIME OF APPOINTMENT. APPLICABLE CONFLICTS OF INTEREST ARE REPORTED TO THE AUDIT COMMITTEE AND INDIVIDUALS SUBJECT RECUSE THEMSELVES FROM THE DELIBERATIVE AND DECISION-MAKING PROCESSES WITH RESPECT TO MATTERS WHERE CONFLICT MAY EXIST. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION PROCEDURES: PERFORMANCE AND COMPARABILITY DATA RELATED TO OFFICERS' COMPENSATION IS REVIEWED BY INDEPENDENT MEMBERS OF THE EXECUTIVE COMMITTEE, WHOSE DELIBERATIONS AND DECISIONS ARE CONTEMPORANEOUSLY DOCUMENTED. FORM 990, PART VI, SECTION C, LINE 19 AVAILABILITY TO THE PUBLIC OF GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS: THESE ARE PROVIDED UPON REQUEST. FORM 990, PART XI, LINE 9: INTEREST RATE SWAP ADJUSTMENT -422,163.