2017-05-08T11:05:54-05:00 2016-06-30 GRANT THORNTON LLP 757 THIRD AVE 4TH FLOOR NEW YORK NY 100172013 990 2015-07-01 111635105 St Francis College % JOHN RAGNO AVP FOR FINANCE STFR 7184895364 180 Remsen Street Brooklyn NY 11201 FAITH HAGGERTY Managing director 7184895251 2017-05-05 true Daniel Romano P00504182 2125990100 2017-05-05 2015 2021-01-29 14:40:06Z Timothy Houlihan 180 Remsen Street Brooklyn NY 11201 112835681 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. 24 24 575 24 3000 3200 4848588 4117464 58107909 61031522 4061884 2936127 2335592 1071530 69353973 69156643 18731647 21028874 0 0 27582818 26886511 0 0 1190431 21996742 23717447 68311207 71632832 1042766 -2476189 144817992 138370850 44993792 43888318 99824200 94482532 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 19258902 60523072 INSTRUCTIONAL - THE COLLEGE PROVIDES DIRECT SERVICES through its faculty TO APPROXIMATELY 2,700 FULL AND 300 PART TIME STUDENTS LEADING primarily TO BACCALAUREATE AND ASSOCIATE DEGREES. the college has recently added several masters degrees. 16494439 508450 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. 21028874 21028874 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. 56782215 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 189 0 true 575 true true true false false false false true true false false false false X 24 24 true false false false false false false true true false false true true true true true true true true false X JOHN RAGNO AVP FOR FINANCE 7184895364 180 REMSEN STREET BROOKLYN NY 11201 John F Tully TRUSTEE & CHAIRMAN 0.5 0.0 X X 0 0 0 William F Dawson TRUSTEE & CHAIR OF FIN. COMM. 0.5 0.0 X X 0 0 0 Eugene Donnelly TRUSTEE & SECRETARY 0.5 0.0 X X 0 0 0 Hector Batista Trustee 0.5 0.0 X 0 0 0 Brother William A Boslet Trustee 0.5 0.0 X 0 0 0 MSGR John J Bracken Trustee 0.5 0.0 X 0 0 0 John B Clark Trustee 0.5 0.0 X 0 0 0 Edward N Constantino Trustee 0.5 0.0 X 0 0 0 Brother Leonard Conway Trustee 0.5 0.0 X 0 0 0 Orville W Dale Trustee 0.5 0.0 X 0 0 0 Kenneth D Daly Trustee 0.5 0.0 X 0 0 0 Mary Beth Dawson Trustee 0.5 0.0 X 0 0 0 Catherine Greene Trustee 0.5 0.0 X 0 0 0 Leslie S Jacobson Trustee 0.5 0.0 X 0 0 0 Barbara G Koster Trustee 0.5 0.0 X 0 0 0 Jesus F Linares Trustee 0.5 0.0 X 0 0 0 Michael C Macchiarola Trustee 0.5 0.0 X 0 0 0 J Christopher Mangan Trustee 0.5 0.0 X 0 0 0 Victor J Masi Trustee 0.5 0.0 X 0 0 0 Lawrence A Marsiello Trustee 0.5 0.0 X 0 0 0 Gino P Menchini Trustee 0.5 0.0 X 0 0 0 Denis J Salamone Trustee 0.5 0.0 X 0 0 0 Brother Kevin Smith OSF Trustee 0.5 0.0 X 0 0 0 Mike MacIntire Trustee 0.5 0.0 X 0 0 0 Brother Christopher D Thurneau Trustee 0.5 0.0 X 0 0 0 Jean Desravines Trustee 0.5 0.0 X 0 0 0 Brendan J Dugan President 40.0 0.0 X 332073 0 85844 Timothy J Houlihan Provost 40.0 0.0 X 226586 0 57001 Thomas Flood VP of Development 40.0 0.0 X 194100 0 66958 Linda Werbel Dashefsky VP Government Relations 40.0 0.0 X 166707 0 69365 June A McGrisken Executive Vice President 40.0 0.0 X 246715 0 53173 Madalyn Hanley Chief Information Officer 40.0 0.0 X 119269 0 26904 Kevin S O'Rourke AVP Facilities & Capital Proj 40.0 0.0 X 165241 0 62750 DR Geoffrey Horlick Professor of Accounting 40.0 0.0 X 155032 0 72665 Allen Burdowski Associate Dean 40.0 0.0 X 171273 0 44283 Glenn Braica Head Men's Basketball Coach 40.0 0.0 X 153122 0 51829 John Ragno AVP For Finance 40.0 0.0 X 153486 0 68390 Guy F Carlsen FORMER CIO 0.0 0.0 X 119346 0 2909 2202950 0 662071 45 true true false COLLINS BUILDING SERVICES 24-01 44th Road 15th Floor LONG ISLAND CITY NY 11101 CLEANING SERVICES 649483 OUTFRONT MEDIA LLC 405 Lexington Avenue NEW YORK NY 10174 ADVERTISING CONSULT. 581575 RUFFALO NOEL LEVITZ PO Box 718 DES MOINES IA 503030718 IT consultants 385509 FJC SECURITY SERVICES INC 275 Jericho Turnpike FLORAL PK NY 11001 SECURITY SERVICES 282827 OUT HOME AMERICA INC 330 Roberts St Suite 301 EAST HARTFORD CT 06108 ADVERTISING CONSULT. 121475 10 144478 519848 3453138 235788 4117464 STUDENT TUITION AND FEES 611710 60523072 60523072 ATHLETIC RELATED INCOME 611710 508450 508450 61031522 450612 450612 0 0 507450 507450 0 507450 507450 45878089 43392574 2485515 2485515 2485515 759237 144478 286464 472773 472773 0 0 VENDOR COMMISSIONS AND OTHER 721000 86357 86357 ADVERTISING INCOME 541800 4950 3000 1950 91307 69156643 61031522 3000 4004657 0 21028874 21028874 0 0 2397650 1018767 1162235 216648 0 18448132 13831672 3967208 649252 1684166 1262721 381071 40374 2607472 1954978 560728 91766 1749091 1311399 376136 61556 0 116006 116006 167548 42000 125548 120000 120000 0 106929 106929 197251 197251 2601654 1089766 1417858 94030 470528 213570 256958 2400903 1446258 937410 17235 0 1915275 1647853 267422 87797 58176 24455 5166 0 216695 188008 14283 14404 1513460 1513460 0 4364972 3755620 609352 0 PHYSICAL PLANT MAINTENANCE 2057263 1770016 287247 BAD DEBT EXPENSE 1549543 1549543 ATHLETIC GAME MGMT & SUPL EX 1037772 1037772 . 0 4793851 3495299 1298552 71632832 56782215 13660186 1190431 1504695 1789337 822692 3237543 3189513 2652815 1360067 1519317 0 0 0 0 604614 556324 0 0 1405579 1540087 108419798 50770122 60452974 57649676 49608494 31002114 24298069 36769449 0 0 0 0 1571295 1654188 144817992 138370850 4018964 3881593 0 0 2964789 2362767 36229207 35928190 0 0 0 0 0 0 0 0 1780832 1715768 44993792 43888318 X 76620473 70459357 11075397 11610002 12128330 12413173 99824200 94482532 144817992 138370850 -2476189 -2865479 X false true X true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false false false true 120000 120000 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 51614766 284843 -139228 513569 3464781 47782031 54150943 579218 1218969 668347 3666017 51614766 48282757 732424 10039247 1116612 3786873 54150943 43615635 869497 8043454 875118 3370711 48282757 46235474 389219 1308727 599280 3718505 43615635 0.60600 0.25980 0.13420 false false 105640 105640 96115197 44226246 51888951 11116635 6543876 4572759 1082326 1082326 57649676 PRIVATE EQUITY FUND 15120653 F ABSOLUTE RETURN HEDGE FUND 12821061 F PRIVATE REAL ESTATE FUND 5372935 F 33314649 0 DEFERRED REV. AND STUDENT DEPOSITS 889532 REFUNDABLE LOAN PROGRAM 510525 ACCRUED INTEREST PAYABLE 315711 1715768 X 45155361 -2865479 -2865479 48020840 106929 21028874 21135803 69156643 50497029 50497029 106929 21028874 21135803 71632832 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 RATE OF UP TO 6.5% TO SUPPORT THE OPERATIONS OF THE COLLEGE. THE ACTUAL AMOUNT USED FOR OPERATIONS WAS 5.5% IN FISCAL 2016. 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 2016 and 2015, the college evaluated its tax positions and concluded that It does not have any uncertain tax positions that meet the criteria under The standard. The tax years ending June 30, 2013, 2014, 2015 and 2016 are Still open to audit for both federal and state purposes. The college has Processes presently in place to ensure the maintenance of its tax-exempt Status; identify and report unrelated income; determine its filing and Tax obligations in jurisdictions for which it has nexus; and identify and Evaluates other matters that may be considered tax positions. Reconciliation 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-Disciminatery 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 11808301 11808301 11808301 true false true false false false Schedule F, Part IV St. Francis college invests in domestic and foreign limited partnerships That may own an interest in a foreign corporation or foreign partnership. Nevertheless, the college's investment activities may not reach the Thresholds required for filing the forms 926, 5471 or 8865. To the extent such A form was completed, it has been filed with the college's form 990-t. Dinners 659965 94898 565067 32215 113251 19020 25524 Golf outings 243750 49580 194170 8000 1692 44076 3000 39686 0 903715 144478 759237 8000 33907 157327 22020 65210 286464 472773 true College Funded Scholarships 2509 20727859 Supplemental Equal Opportunity Grant 179 152157 Federal Work Study 170 148858 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 Brendan J Dugan President 332073 0 0 0 0 0 22500 0 63344 0 417917 0 0 0 Timothy J Houlihan Provost 226586 0 0 0 0 0 15600 0 41401 0 283587 0 0 0 Thomas Flood VP of Development 194100 0 0 0 0 0 11700 0 55258 0 261058 0 0 0 Linda Werbel Dashefsky VP Government Relations 151707 0 0 0 15000 0 17000 0 52365 0 236072 0 0 0 June A McGrisken Executive Vice President 226715 0 0 0 20000 0 20000 0 33173 0 299888 0 0 0 Kevin S O'Rourke AVP Facilities & Capital Proj 150241 0 0 0 15000 0 13000 0 49750 0 227991 0 0 0 DR Geoffrey Horlick Professor of Accounting 155032 0 0 0 0 0 24000 0 48665 0 227697 0 0 0 Allen Burdowski Associate Dean 171273 0 0 0 0 0 20500 0 23783 0 215556 0 0 0 Glenn Braica Head Men's Basketball Coach 125622 0 27500 0 0 0 24000 0 27829 0 204951 0 0 0 John Ragno AVP For Finance 138486 0 0 15000 0 17992 0 50398 0 221876 0 0 0 Guy F Carlsen FORMER CIO 119346 0 0 0 0 0 0 0 2909 0 122255 0 0 0 A Dormitory Authority of New York State 146000293 6499053F1 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 0.00000 0.00000 0.00000 false false 0.00000 false true A true false false 0 false 0 false false A true X 12 235788 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 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 managements discretion.