2017-05-12T12:46:37-05:00 2016-06-30 161131146 Bonadio & Co LLP 171 Sullys Trail Suite 201 Pittsford NY 14534 990 2015-07-01 160743996 Elmira College ELMI 6077351800 One Park Place Elmira NY 14901 Robert J Campe Financial VP and Dean of Admin 6077351800 2017-05-12 1 Jonathan Miller P01322027 5853811000 2015 2021-01-29 14:40:06Z Robert J Campe One Park Place Elmira NY 14901 78431559 0 X www.Elmira.edu X 1942 NY Elmira College is a not-for-profit higher educational institute located in Elmira, NY. 19 18 1363 0 1099 0 5608262 3531065 60654788 58684052 3557661 2116629 766359 831162 70587070 65162908 26080535 24688863 0 0 949987 812496 0 0 0 45808290 44437159 72838812 69938518 -2251742 -4775610 153660764 143936903 67718390 70255593 85942374 73681310 Elmira College is a not-for-profit higher educational institute located in Elmira, NY. The College offers a wide array of undergraduate as well as graduate programs to approximately 2,000 students, ranging from local residents to international citizens. 0 0 64321837 24688863 61630744 Instruction, academic support, student services, student aid, auxiliary expenditures, and other program services. 64321837 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 0 1 0 1 0 0 0 0 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 1 110 0 1363 1 1 1 0 0 0 0 0 0 0 0 0 X 19 18 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY X John Fratarcangelo 6077351800 One Park Place Elmira NY 14901 Robert S Basel Trustee 1.00 X 0 0 0 Elizabeth Dalrymple Trustee 1.00 X 0 0 0 Thomas J Hilfiger Trustee 1.00 X 0 0 0 Glenn Sacra Trustee 1.00 X 0 0 0 John Cardente Jr Trustee 1.00 X 0 0 0 Doris Malesardi Trustee 1.00 X 0 0 0 Robert G Morris Chairman 1.00 X X 0 0 0 Whitney Posillico Trustee 1.00 X 0 0 0 Elizabeth P Rettie Trustee 1.00 X 0 0 0 Janet McRorie Hindsley Trustee 1.00 X 0 0 0 George H Winner Jr Trustee 1.00 X 0 0 0 William H Waldorf Trustee 1.00 X 0 0 0 Franon Wilson Trustee 1.00 X 0 0 0 Thomas G Tranter Jr Trustee 1.00 X 0 0 0 Clare van den Blink Trustee 1.00 X 0 0 0 John Walsh Trustee 1.00 X 0 0 0 Susanne Grennell Trustee 1.00 X 0 0 0 Katherine Metzger Trustee 1.00 X 0 0 0 Norman Smith President 1.00 X X 0 0 0 Robert W Ruble VP of Admin & Finance, Tre 40.00 X 173400 0 13345 Robert J Campe Financial Vice-President and Dean of Admin. 40.00 X 0 0 0 Patricia Thompson VP of Athletics and Medica 40.00 X 158100 0 21963 Stephen Coleman Academic Vice President and Dean of Faculty 40.00 X 153000 0 7524 Kathleen Cohen Dean of Financial Aid 40.00 X 143208 0 13369 Linda Pratt Executive Director of Educ 40.00 X 136369 0 11057 Charles Lindsay Assoc. Dean of Faculty and 40.00 X 127482 0 18873 Christopher Coons Vice-President of Enrollment Management 40.00 X 120000 0 13071 Michael Rogers Vice President of External Relations 40.00 X 100750 0 33265 1112309 0 132467 8 0 1 0 Chartwells Dining Services 12 Avis Dr Latham NY 12110 Dining Services 926236 Registry for College and Univ Presidents Three Centenial Drive Peabody MA 01960 Management Services 493619 Maguire Associates 555 Virgina Road Suite 201 Concord MA 01742 Enrollment Management 133211 3 494980 3036085 141368 3531065 Tuition and Fees 611310 46156632 46156632 Room and Board 721310 11739690 11739690 Auxiliary Enterprises 722320 787730 787730 58684052 588429 588429 14796851 13268651 1528200 1528200 1528200 Other Sources 900099 830063 830063 External Catering 722320 9375 9375 Cheerleader Camp 611620 -8276 -8276 831162 65162908 61630744 1099 0 X 24688863 24688863 812496 640471 172025 2430030 2430030 5532871 5532871 Instruction 9550935 9550935 Student Services 7467739 7467739 Operation/Maintenance o 4992048 4992048 Auxiliary Enterprises 4856419 4856419 9607117 9154509 452608 69938518 64321837 5616681 0 2583121 2247401 2389536 1690981 1256511 788656 1235836 990344 3385154 3527609 518754 421813 1009534 1026810 182147269 89984165 95743903 92163104 44844181 40415918 694234 664267 153660764 143936903 3212232 3391092 810316 528386 50060000 48865000 13635842 17471115 67718390 70255593 X 43009911 33923170 16288732 12432150 26643731 27325990 85942374 73681310 153660764 143936903 X -4775610 -3570321 -3915133 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 0 49060495 1114610 -1889656 -4108324 44177218 55708213 213703 576135 -7437556 49060495 50541916 478911 9017246 -4329859 55708213 33543719 13627776 6866771 3496350 50541916 38405848 326179 -2329671 -2858637 33543719 0.14700 0.61900 0.23400 0 0 6701070 6701070 119634548 47604567 72029981 27458213 23813199 3645014 28353438 18566399 9787039 92163104 Federal Financial Assistance 3469932 Asset Retirement Obligation 1397384 Interest Rate Swap Contract 12506045 Deposits Held in Custody 97754 17471115 57677454 -3570321 -3915133 -7485454 65162908 0 65162908 69938518 0 69938518 0 69938518 Part III, Line 1a: The collections, which were acquired through purchases and contributions since the College's inception, are not recognized as assets on the statement of financial position. Purchases of or proceeds from the sale of collection items are recorded as changes in unrestricted net assets in the year the transaction occurs. Donations of art objects and library materials are not recorded as income in the statement of activities and change in net assets. Part V, Line 4: Endowment funds are long-term assets of the College created through donor gifts or by actions of the Board of Trustees. Their purpose is to generate, either in perpetuity or through short-term investment strategies, operating revenue for specific use or for the general operations of the college. Endowment funds are invested under the direction of the Board of Trustees to earn a total rate of return that exceeds the College's annual spending rate plus the rate of inflation. Part XI, Line 2d - Other Adjustments: Loss on interest rate swap contract -3,743,444. Change in value of annuity -30,321. Non-cash contributions -141,368. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 Elmira College draws a substantial percentage of its students from a large geographic section of the United States and follows a racial nondiscriminatory policy. As to students, a statement of the College's policy is also included in all brochures, catalogs, and advertising associated with student admissions, programs and scholarships. Schedule E, Part I, Line 6 The institution receives financial assistance from Federal and New York State agencies. 1 Elmira College provides it students scholarships and awards, grants and loans to assist with making their education more affordable. College Funded Scholarships 1108 24688863 Part I, Line 2: Records of grants provided to students are maintained by the Financial Aid office, and are periodically reconciled with Business Office records, including the student accounts and institutional budget. X X X 1 1 X X X X 0 0 0 0 0 0 0 0 0 Robert W Ruble VP of Admin & Finance, Tre 173400 0 0 0 0 0 0 0 13345 0 186745 0 0 0 Patricia Thompson VP of Athletics and Medica 158100 0 0 0 0 0 0 0 21963 0 180063 0 0 0 Stephen Coleman Academic Vice President and Dean of 153000 0 0 0 0 0 0 0 7524 0 160524 0 0 0 Kathleen Cohen Dean of Financial Aid 143208 0 0 0 0 0 0 0 13369 0 156577 0 0 0 Part I, Line 1a The College provides for a residence for the College President along with housekeeping and maintenance services for that residence, as well as telephone and internet. The College also provided the President with social club dues and an automobile. All personal use of the automobile is included in taxable income on his W-2. A Chemung County Industrial Development Agency 166209017 164019BNO 2007-12-12 55000000 Purchase of land & construction of a dorm, renovations, & related equipment. 0 0 0 A 55000000 55000000 3935135 1077053 144791 49840606 2415 2010 0 0 1 1 A 0 0 0 0 0 0 0 A 1 1 1 Morgan Stanley Capital Services 30.000000000000 0 0 1 Deutsche Bank Trust Company Americas 4.100000000000 0 0 0 A 0 X 13 141368 FMV date of donation 0 1 0 Form 990, Part VI, Section A, line 3 During the year, the College engaged the services of a private company, The Registry for College and University Presidents, to retain an individual of appropriate background and experience for the performance of tasks associated with the presidental function for the College as well as for the VP of Advancement and Dean of Students. The Registry was paid $493,619 in accordance with the terms of the agreement for services. Form 990, Part VI, Section B, line 11 The College's external auditors reviewed the draft Federal Form 990 with members of the Audit Committee via conference call. Following that review, informational copies were provided to all Board Members prior to filing. Form 990, Part VI, Section B, line 12c On an annual basis, all members of the Board of Trustees, Senior Management and employees that serve in a capacity of being able to acquire goods and services for the College are asked to fill out a questionnaire, which asks them to disclose any relationships they may have with those providing such services. These questionnaires are reviewed by the Board of Trustees. Form 990, Part VI, Section B, line 15 Every three years, the Board does a comprehensive review of College President salaries nationwide, comparing the College President's salary to that of other presidents at comparably sized colleges. Form 990, Part VI, Section C, line 19 Any information that is required to be available for public inspection is available in the Treasurer's office. Also, appropriate filings are made with state agencies that, in turn, make the data available to the public. Form 990, Part IX, line 24e General Institution Support: Program service expenses 4,682,489. Management and general expenses 0. Fundraising expenses 0. Total expenses 4,682,489. Academic Support: Program service expenses 2,374,021. Management and general expenses 0. Fundraising expenses 0. Total expenses 2,374,021. Student Aid: Program service expenses 2,097,999. Management and general expenses 0. Fundraising expenses 0. Total expenses 2,097,999. Other Expenses: Program service expenses 0. Management and general expenses 452,608. Fundraising expenses 0. Total expenses 452,608. Form 990, Part XI, line 9: Loss on interest rate swap -3,743,444. Change in value of annuity -30,321. Non-Cash Contributions -141,368. Form 990, Part XII, Line 2c: The process has not changed from the prior year.