2016-04-06T12:23:56-05:00 2015-05-31 161071694 SCIARABBA WALKER & CO LLP 410 EAST UPLAND ROAD ITHACA NY 14850 990 2014-06-01 150532204 ITHACA COLLEGE ITHA 6072743118 953 DANBY ROAD ITHACA NY 148507002 GERALD HECTOR VP FINANCE & ADMINISTRATION 6072743118 2016-04-06 1 DAVID M STINSON P00213287 6072725550 2014 2016-08-17 19:52:53Z GERALD HECTOR 953 DANBY ROAD ITHACA NY 148507002 418973668 0 X WWW.ITHACA.EDU X 1892 NY FOUNDED AS THE ITHACA CONSERVATORY OF MUSIC IN 1892, ITHACA COLLEGE BECAME A NONPROFIT, PRIVATE COLLEGE IN 1931. DURING THE EARLY DECADES OF THE TWENTIETH CENTURY, THE ACADEMIC PROGRAM EXPANDED TO INCLUDE OTHER PROFESSIONAL FIELDS, AND AT MID-CENTURY, THE INSTITUTION BEGAN DEVELOPING THE LIBERAL ARTS CURRICULA THAT HAVE GRADUALLY EVOLVED INTO THE LARGE AND DIVERSE SCHOOL OF HUMANITIES AND SCIENCES. AS A RESULT OF THIS UNUSUAL HISTORY OF INTERWEAVING, TWO DISTINCT PROGRAMS, PROFESSIONAL AND LIBERAL STUDIES AT ITHACA COLLEGE ARE TODAY MUTUALLY SUPPORTIVE AND INTEGRAL PARTS OF A TOTAL ACADEMIC PROGRAM.ITHACA COLLEGE IS A FULLY ACCREDITED, COEDUCATIONAL, NONDENOMINATIONAL INSTITUTION OFFERING A BROADLY DIVERSIFIED PROGRAM OF PROFESSIONAL AND LIBERAL ARTS STUDIES. THE COLLEGE SEEKS DIVERSITY IN ITS STUDENT BODY AND ADMITS APPLICANTS ON THE BASIS OF INDIVIDUAL QUALIFICATIONS, WITHOUT REGARD TO RACE, CREED, OR NATIONAL ORIGIN. 27 24 5749 24 111794 -27402 12026192 17200714 306469552 322566333 9359925 17268376 3113841 1413362 330969510 358448785 100779843 106235331 0 0 129347032 130305350 0 0 3839594 76933776 89728702 307060651 326269383 23908859 32179402 758676460 781737607 238671340 238530006 520005120 543207601 X TO PROVIDE A FOUNDATION FOR A LIFETIME OF LEARNING, ITHACA COLLEGE IS DEDICATED TO FOSTERING INTELLECTUAL GROWTH, AESTHETIC APPRECIATION, AND CHARACTER DEVELOPMENT IN OUR STUDENTS. THE ITHACA COLLEGE COMMUNITY THRIVES ON THE PRINCIPLES THAT KNOWLEDGE IS ACQUIRED THROUGH DISCIPLINE, COMPETENCE IS ESTABLISHED WHEN KNOWLEDGE IS TEMPERED BY EXPERIENCE, AND CHARACTER IS DEVELOPED WHEN COMPETENCE IS EXERCISED FOR THE BENEFIT OF OTHERS.A COMPREHENSIVE COLLEGE THAT SINCE ITS FOUNDING HAS RECOGNIZED THE VALUE OF COMBINING THEORY AND PERFORMANCE, ITHACA PROVIDES A RIGOROUSEDUCATION BLENDING LIBERAL ARTS AND PROFESSIONAL PROGRAMS OF STUDY. OUR TEACHING AND SCHOLARSHIP ARE MOTIVATED BY THE NEED TO BE INFORMEDBY, AND TO CONTRIBUTE TO, THE WORLD'S SCIENTIFIC AND HUMANISTIC ENTERPRISES. LEARNING AT ITHACA EXTENDS BEYOND THE CLASSROOM TO ENCOMPASS A BROAD RANGE OF RESIDENTIAL, PROFESSIONAL, AND EXTRACURRICULAR OPPORTUNITIES. 0 0 203008843 106235331 264653893 INSTRUCTION, RESEARCH, AND PUBLIC SERVICE: ITHACA COLLEGE ENROLLS ALMOST 6,800 STUDENTS AND OFFERS PRIMARILY UNDERGRADUATE DEGREES IN SEVERAL PROFESSIONAL AREAS AND THE ARTS AND SCIENCES. THESE SERVICES ARE THE COLLEGE'S PRIMARY MISSION. 30127875 57720382 AUXILIARIES: SERVICES PROVIDED TO STUDENTS INCLUDING RESIDENCE, DINING HALLS, AND BOOKSTORE AND ENHANCE THE COLLEGE EXPERIENCE 23168129 ACADEMIC SUPPORT: OFFICE OF THE DEANS, LIBRARY, ACADEMIC COMPUTING, AND CLIENT SERVICES, CONTINUING EDUCATION, CENTER FOR CULTURE, RACE AND ETHNICITY AND INTERNATIONAL PROGRAMS. THESE SERVICES SUPPORT THE COLLEGE'S PRIMARY MISSION OF INSTRUCTION, RESEARCH, AND PUBLIC SERVICE. 28737697 STUDENT SERVICES: STUDENT SUPPORT SERVICES INCLUDING ADMISSIONS, REGISTRAR, ATHLETICS, AND STUDENT CLUBS. THESE SERVICES CONTRIBUTE TO THE STUDENT'S EMOTIONAL AND PHYSICAL WELL-BEING. 28737697 285042544 1 1 0 1 0 0 1 0 0 1 1 1 0 0 1 1 1 0 1 1 1 0 1 0 0 0 0 1 1 1 1 0 0 0 0 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 1 512 0 1 5749 1 1 1 1 UK 0 0 0 0 0 0 0 0 X 27 24 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X X GERALD HECTOR VP OF FINANCE & ADMIN 6072743118 953 DANBY ROAD ITHACA COLLEGE ITHACA NY 148507002 THOMAS H GRAPE CHAIR 1.00 X X 0 0 0 DAVID LEBOW VICE CHAIR 1.00 X X 0 0 0 THOMAS ROCHON PRESIDENT 40.00 X X 401429 0 191485 ADELAIDE GOMER TRUSTEE 1.00 X 0 0 0 ARRIEN SCHILTKAMP TRUSTEE 1.00 X 0 0 0 CHIRSTY B AGNESE TRUSTEE 40.00 X 57027 0 4814 CHRISTOPHER LACROIX TRUSTEE 1.00 X 0 0 0 DAVID GIANNOTTI TRUSTEE 1.00 X 0 0 0 DAVID LISSY TRUSTEE 1.00 X 0 0 0 ELLIOT MAYROCK TRUSTEE 1.00 X 0 0 0 MICHAEL E BUCK TRUSTEE 40.00 X 88120 0 8252 JOHN MCCLUNG TRUSTEE 1.00 X 0 0 0 CIARA V LUCAS TRUSTEE 1.00 X 0 0 0 KENNETH POLLINGER TRUSTEE 1.00 X 0 0 0 KURT WOLFGRUBER TRUSTEE 1.00 X 0 0 0 DOUGLAS W WEISMAN TRUSTEE 1.00 X 0 0 0 LISA PUNTILLO TRUSTEE 1.00 X 0 0 0 MARK DICKER TRUSTEE 1.00 X 0 0 0 MICHAEL J CONOVER TRUSTEE 1.00 X 0 0 0 MICHAEL BATTLE TRUSTEE 1.00 X 0 0 0 STEPHEN MCCLUSKI TRUSTEE 1.00 X 0 0 0 SUSAN PERVI TRUSTEE 1.00 X 0 0 0 W KENNETH FUCHS TRUSTEE 1.00 X 0 0 0 WALTER SMITH SJ TRUSTEE 1.00 X 0 0 0 THAD J FORTIN TRUSTEE 1.00 X 0 0 0 DAVID BACHRACH TRUSTEE 1.00 X 0 0 0 JAMES NOLAN JR TRUSTEE 1.00 X 0 0 0 NANCY PRINGLE VP & GENERAL COUNSEL 40.00 X 219868 0 30270 ERIC MAGUIRE VP ENROLLMENT AND COMMUNICATION 40.00 X 193866 0 24095 GERALD HECTOR VP FINANCE & ADMINISTRATIO 40.00 X 219538 0 13530 MARISA KELLY PROVOST & EDUCATIONAL AFFAIRS 40.00 X 86771 0 13197 CHRISTOPHER BIEHN VP INSTITUTIONAL ADVANCEME 40.00 X 263834 0 37077 LINDA PETROSINO PROVOST & EDUCATIONAL AFFAIRS 40.00 X 194768 0 30032 GWEN SEAQUIST PROFESSOR 40.00 X 155941 0 23305 DIANE GAYESKI DEAN 40.00 X 182943 0 25352 LESLIE LEWIS DEAN 40.00 X 176506 0 27113 JEFFREY LIPPITT ASSOC PROFESSOR 40.00 X 169622 0 29447 KARL PAULNACK DEAN 40.00 X 160441 0 27082 CARL SGRECCI FORMER VP FINANCE & ADMINI 0.00 X 160382 0 18955 2731056 0 504006 193 1 1 0 SODEXO 10 EARHART DRIVE WILLIAMSVILLE NY 14850 FOOD AND FACILITIES MANAGEMENT 10080779 THE HAYNER HOYT CORP 625 ERIE BLVD WEST SYRACUSE NY 13201 CONSTRUCTION MANAGEMENT 6516843 APOGEE 715 W 23RD ST SUITE M AUSTIN TX 78705 COMMUNICATION AND INTERNET SERVICES 1872400 IES ABROAD 33 WEST MONROE STREET STE 3200 CHICAGO IL 60603 STUDY ABROAD PROFESSIONALS 1870259 CHALLENGE INDUSTRIES 950 DANBY RD SUITE 179 ITHACA NY 14850 VOCATIONAL ORGANIZATION SUPPORTING PEOPL 1176517 53 2812354 14388360 2185405 17200714 TUITION & FEES 900099 253709027 253709027 ROOM 721000 36444944 36444944 BOARD 722210 23700322 23700322 BOOKSTORE 900099 3374800 3374800 SALES-EDUCATION DEPART 611710 3330698 3327673 3025 2006542 1817509 189033 322566333 2307029 -80264 2387293 2363 2363 55771 0 55771 55771 55771 75329973 156257 60462879 62004 14867094 94253 14961347 14961347 PARKING SERVICES 900004 590246 590246 COMMISSIONS 900004 234924 234924 NYSERDA PAYMENTS 900004 180407 180407 349651 349651 1355228 358448785 322374275 111794 18762002 96000 96000 103009517 103009517 3129814 3129814 1894768 1804312 90456 98362725 78847793 17308052 2206880 6671278 5350645 1174532 146101 16436253 12628719 3458821 348713 6940326 4790213 1998120 151993 450000 450000 211203 21120 190083 163903 3278 160625 18407 18407 897756 897756 22629974 18952639 3436086 241249 823048 574405 246887 1756 6138465 5831542 306923 4647624 3741337 713765 192522 8136247 8136247 19427887 18067935 1359952 2357622 1650335 707287 SUPPLIES 4385975 3771935 587150 26890 RENTALS AND LEASES 3771284 3167879 603299 106 REPAIRS & MAINT 2181397 1723304 457111 982 COGS - BOOKSTORECOGS 2141223 2141223 11346687 8956664 1958077 431946 326269383 285042544 37387245 3839594 1707672 378455 90263889 100263769 4254719 3793709 3101821 2000776 9270341 9313367 855771 859357 3835488 3851561 603978849 233287009 375087080 370691840 135117381 175562797 133096746 113711734 2085552 1310242 758676460 781737607 34276577 37545575 7360349 8984767 146331278 140446598 26067415 25400059 24635721 26153007 238671340 238530006 X 367643806 384604691 112548297 110211497 39813017 48391413 520005120 543207601 758676460 781737607 X 32179402 -2621534 -6355387 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 18407 18407 0 PART II-B, LINE 1: LINE 1I: THE COLLEGE IS A MEMBER OF KEY ORGANIZATIONS THAT ALSO LOBBY ON BEHALF OF ISSUES AFFECTING HIGHER EDUCATION. A PORTION OF MEMBERSHIP DUES PAID WERE ALLOCATED TO LOBBYING ACTIVITIES. X X 2 101.00 1 1 1 268451287 17276171 12339814 1495075 7047543 289524654 243514286 5730558 27784439 1525211 7052785 268451287 203488681 18178725 29585030 1450009 6288141 243514286 209669014 8498106 -8603229 1478047 4597163 203448681 175669538 4033341 38335380 1570445 6798800 209669014 0.70000 0.17000 0.13000 0 0 13315694 13315694 399635982 118918619 280717363 108808535 69456663 39351872 59065200 31564699 27500501 23153438 13347028 9806410 370691840 COMMONFUND CAPITAL INTL PRTNERS IV LP 739426 F C/F INT'L PRIVATE EQUITY PTNERS VI LP 1393738 F C/F INT'L PRIVATE EQUITY PTNERS V LP 550082 F COMMONFUND CAPITAL VENTURE PRTNERS VI 1377084 F COMMONFUND CAPITAL VENTURE PRTNERS VII 903408 F C/F PRIVATE EQUITY PTNERS VII 1705459 F COMMONFUND CAPITAL PRIV EQUITY PRTNERS V 1558088 F COMMONFUND CAPITAL PRIV EQUITY PARTNERS VI 623472 F COMMONFUND CAPITAL VENTURE PARTNERS VIII 1330853 F JER EUROPE FD III 632720 F JER REAL ESTATE QUALIFIED PARTNERS III 77182 F JER REAL ESTATE QUALIFIED PARTNERS IV, 1311 F LEXINGTON CAPITAL PARTNERS VIA 2734042 F PERRY PARTNERS INT LP CLASS F 9692413 F REALTY ASSOC FUND VII CORP 2131532 F REALTY ASSOC FUND VIII 3314116 F REALTY ASSOCIATES FUND IX CORP 8891798 F SIGULER GUFF DISTRESSED FUND 2083324 F AG CORE PLUS REALTY FUND 2297115 F IRON POINT REAL ESTATE PARTNERS 2239770 F HOPLITE OFFSHORE FUND 4828420 F STEADFAST INTERNATIONAL 3970008 F WELLINGTON CTF SRA 7512421 F FPA CRESCENT 7614499 F DAVIDSON KEMPNER 7112983 F LAKEWOOD CAPITAL OFFSHORE FUND 5313770 F MARBLE ARCH OFFSHORE PARTNERS 7205970 F CRESTWOOD CAPITAL INTERNATIONAL 3139997 F ANCHORAGE CAPITAL PARTNERS 7205546 F TACONIC OFFSHORE OPPORTUNITIES FUND 6869122 F CLARION GLOBAL REAL ESTATE FUND 2871043 F LANDMARK EQUITY PARTNERS 604307 F RCP MULTI FUND FEEDER IX/DII 246667 F GREENLIGHT CAPITAL OFFSHORE 4940048 F 113711734 U.S. GOVT GRANTS REFUNDABLE 8276068 COND. ASSET RETIREMENT OBLIG. 1030612 INTEREST RATE SWAP AGREEMENTS 16846327 26153007 X 249486275 -2621534 727111 -1894423 251380698 897756 106170331 107068087 358448785 219928407 727111 727111 219201296 897756 106170331 107068087 326269383 PART II, LINE 9: THE CONSERVATION EASEMENTS ARE NOT REPORTED ON THE BALANCE SHEET OR IN FOOTNOTES TO THE ORGANIZATION'S FINANCIAL STATEMENTS. THE AMOUNTS ARE CONSIDERED IMMATERIAL. PART V, LINE 4: THE INTENDED USE OF THE ENDOWMENT FUNDS IS TO PROVIDE SCHOLARSHIPS AND GRANTS, AND TO SUPPORT THE EDUCATIONAL PROGRAMS AT ITHACA COLLEGE. PART X, LINE 2: THE COLLEGE FOLLOWS ACCOUNTING GUIDANCE WHICH 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 PROVIDES THAT THE TAX EFFECTS FROM AN UNCERTAIN TAX POSITION CAN BE RECOGNIZED IN THE FINANCIAL STATEMENTS ONLY IF THE POSITION IS "MORE-LIKELY-THAN-NOT" TO BE SUSTAINED IF THE POSITION WERE TO BE CHALLENGED BY A TAXING AUTHORITY. THE ASSESSMENT OF THE TAX POSITION IS BASED SOLELY ON THE TECHNICAL MERITS OF THE POSITION, WITHOUT REGARD TO THE LIKELIHOOD THAT THE TAX POSITION MAY BE CHALLENGED. THE COLLEGE IS EXEMPT FROM INCOME TAX UNDER IRC SECTION 501(C)(3), THOUGH IT IS SUBJECT TO TAX ON INCOME UNRELATED TO ITS EXEMPT PURPOSES, UNLESS THAT INCOME IS OTHERWISE EXCLUDED BY THE CODE. THE TAX YEARS ENDED MAY 31,2012, 2013, 2014 AND 2015 ARE STILL OPEN TO AUDIT FOR BOTH FEDERAL AND STATE PURPOSES. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST SHARING 307,963. REVENUE DEFERRAL 419,148. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID NETTED ON FINANCIALS 106,170,331. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST SHARING 307,963. REVENUE DEFERRAL 419,148. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID NETTED ON FINANCIALS 106,170,331. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE COLLEGE'S NONDISCRIMINATORY POLICY APPEARS IN THE UNDERGRADUATE CATALOG, AS WELL AS ON THE COLLEGE'S WEBSITE. SCHEDULE E, PART I, LINE 6 THE COLLEGE RECEIVES VARIOUS FUNDING FROM GOVERNMENTAL SOURCES IN ITS ADMINISTRATION OF FINANCIAL AID PROGRAMS SUCH AS PELL, TAP AND BUNDY. 1 EUROPE 1 4 STUDY ABROAD PROGRAM FOR COLLEGE STUDENTS IN LONDON EDUCATIONAL DEGREE PROGRAM, INCLUDING INTERNSHIPS IN MANY ACADEMIC AREAS AND A NINE-CREDIT INTENSIVE DRAMA COURSE. THE ITHACA COLLEGE LONDON CENTER IS RUN BY A DIRECTOR AND STAFF WHO HELP THE STUDENTS WITH THEIR DAILY PERSONAL AND ACADEMIC NEEDS. 1337141 EUROPE 1 8 INTERNATIONAL PROGRAMS - STUDY ABROAD PROGRAM - COLLEGE STUDENTS. INTERNATIONAL EDUCATIONAL PROGRAM, SHORT-TERM STUDY ABROAD IN MANY ACADEMIC AREAS. 47601 CENTRAL AMERICA AND THE CARIBBEAN 0 2 INTERNATIONAL PROGRAMS - STUDY ABROAD PROGRAM - COLLEGE STUDENTS. INTERNATIONAL EDUCATIONAL PROGRAM, SHORT-TERM STUDY ABROAD IN MANY ACADEMIC AREAS. 44589 SUB-SAHARAN AFRICA 0 6 INTERNATIONAL PROGRAMS - STUDY ABROAD PROGRAM - COLLEGE STUDENTS. INTERNATIONAL EDUCATIONAL PROGRAM, SHORT-TERM STUDY ABROAD IN MANY ACADEMIC AREAS. 6484 EAST ASIA AND THE PACIFIC 0 4 INTERNATIONAL PROGRAMS - STUDY ABROAD PROGRAM - COLLEGE STUDENTS. INTERNATIONAL EDUCATIONAL PROGRAM, SHORT-TERM STUDY ABROAD IN MANY ACADEMIC AREAS. 59901 CENTRAL AMERICA AND THE CARIBBEAN - 0 4 TRAVEL IN THE SOUTHERN CARIBBEAN ATTEND, PRESENT PAPERS AT ACADEMIC CONFERENCES AND WORK ON RESEARCH PROJECT. 3178 EAST ASIA AND THE PACIFIC - 0 15 TRAVEL IN EAST ASIA & PACIFIC. ATTEND, SPEAK AT ACADEMIC CONFERENCES AND CONDUCT RESEARCH. 51057 EUROPE (INCLUDING ICELAND & GREENLAND) - 0 79 TRAVEL IN EUROPE. MLK SCHOLAR TRIP, ATTEND AND PRESENT PAPERS AT ACADEMIC CONFERENCES AND CONDUCT RESEARCH. 213839 NORTH AMERICA - CANADA AND MEXICO, BUT 0 51 TRAVEL IN CANADA & MEXICO ATTEND AND PRESENT PAPERS AT ACADEMIC CONFERENCES AND CONDUCT RESEARCH. 61940 RUSSIA & THE NEWLY INDEPENDENT STATES - 0 4 TRAVEL IN RUSSIA ATTEND AND PRESENT CONFERENCES. 9562 SOUTH AMERICA - ARGENTINA, BOLIVIA, 0 7 TRAVEL IN SOUTH AMERICA ATTEND AND PRESENT PAPERS AT ACADEMIC CONFERENCES AND CONDUCT RESEARCH. 23203 EUROPE (INCLUDING ICELAND & GREENLAND) - 0 2 TRAVEL IN EUROPE INTERNATIONAL STUDENT RECRUITMENT. 5154 SOUTH ASIA - AFGHANISTAN, BANGLADESH, 0 4 TRAVEL IN SOUTH ASIA STUDENT PROJECT DOCUMENTARY AND ANTHROPOLOGICAL RESEARCH 7028 SUB-SAHARAN AFRICA - ANGOLA, 0 4 TRAVEL IN SUB-SAHARAN AFRICA ATTEND, PRESENT PAPERS AT ACADEMIC CONFERENCES AND CONDUCT RESEARCH. 9006 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 1 TRAVEL IN EUROPE. PARTICIPATION IN COMPETITIONS AND OTHER ATHLETIC, ARTISTIC, MUSICAL AND ACADEMIC PROGRAMS. 4738 EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 0 1 TRAVEL IN EAST ASIA INTERNATIONAL STUDENT RECRUITMENT. 16844 2 122 0 74 2 196 1763790 137475 1901265 GRANT/SCHOLARSHIP EUROPE 237 2395397 ELECTRONICALLY DEP TO STUDENT BILLING ACCOUNT GRANT/SCHOLARSHIP EAST ASIAN AND THE PACIFIC 35 355839 ELECTRONICALLY DEP TO STUDENT BILLING ACCOUNT GRANT/SCHOLARSHIP SUB-SAHARAN AFRICA 4 47816 ELECTRONICALLY DEP TO STUDENT BILLING ACCOUNT GRANT/SCHOLARSHIP SOUTH AMERICA 8 145729 ELECTRONICALLY DEP TO STUDENT BILLING ACCOUNT GRANT/SCHOLARSHIP MIDDLE EAST AND NORTH AFRICA 2 24750 ELECTRONICALLY DEP TO STUDENT BILLING ACCOUNT GRANT/SCHOLARSHIP SOUTH ASIA 5 79363 ELECTRONICALLY DEP TO STUDENT BILLING ACCOUNT GRANT/SCHOLARSHIP CENTRAL AMERICA AND THE CARIBBEAN - 5 80920 ELECTRONICALLY DEP TO STUDENT BILLING ACCOUNT 1 0 1 1 1 0 PART I, LINE 2: SCHOLARSHIPS GIVEN ARE DEPOSITED INTO THE STUDENT'S ACCOUNT TO BE USED FOR TUITION IN EDUCATIONAL PROGRAM. THE FUNDS EXPENDED FOR TRAVEL AND ATTENDING CONFERENCES ARE ACCOUNTED FOR WHEN TRAVEL REPORTS ARE SUBMITTED TO ITHACA COLLEGE. PART I, LINE 3: EXPENDITURES ARE REPORTED ON AN ACCRUAL BASIS ACCORDING TO GAAP, CONSISTENT WITH THE ITHACA COLLEGE METHOD OF ACCOUNTING. 1 NATIONAL MERIT SCHOLARSHIP CORPORATION 1560 SHERMAN AVENUE NO 200 EVANSTON IL 602014897 362307745 501(C)3 31000 ANNUAL REMITTANCE TO MERIT SCHOLARSHIP PROGRAM CORNELL UNIVESITY 341 PINE TREE ROAD ITHACA NY 14850 150532082 501(C)3 50000 AGENCY PAYMENT FOR OPERATING BUDGET FOR REV ITHACA STARTUP WORKS TOMPKINS COUNTY AREA DEVELOPMENT 401 E STATE STREET SUITE 402B ITHACA NY 14850 166058339 501(C)6 15000 INVESTMENT IN TRANSFORMATIVE TOMPKINS INITIATIVE 2 SCHOLARSHIPS TO ATTEND ITHACA COLLEGE 5361 92902996 GRADUATE ASSISTANT SCHOLARSHIP 67 2612279 HIGHER EDUCATION OPPORTUNITY PROGRAM 177 1965535 RESTRICTED SCHOLARSHIPS TO ATTEND ITHACA COLLEGE 1082 5391929 STUDENT BASE PAY 41 80547 OTHER GRANTS 21 56231 PART I, LINE 2: STUDENTS MUST MEET THE REQUIREMENTS SPECIFIED IN THE SCHOLARSHIP PROGRAM IN ORDER TO RECEIVE THE SCHOLARSHIP. THE REQUIREMENTS INCLUDE CRITERIA, SUCH AS FINANCIAL NEED, OBTAINING/MAINTAINING THE REQUIRED GRADE POINT AVERAGE, STUDYING IN A CERTAIN ACADEMIC DISCIPLINE, ETC. IF THE SCHOLARSHIP IS AN ONGOING ONE, THE STUDENT MUST CONTINUE TO MEET THE SCHOLARSHIP REQUIREMENTS IN ORDER TO BE AWARDED A SCHOLARSHIP IN SUBSEQUENT YEARS. FINANCIAL NEED, GRADE POINT AVERAGES AND OTHER SCHOLARSHIP CRITERIA ARE MONITORED TO DETERMINE WHETHER THE STUDENT MEETS THE CRITERIA. THERE ARE A LIMITED NUMBER OF GRADUATE ASSISTANTSHIPS THAT ARE AWARDED TO INDIVIDUALS PURSUING A MASTERS DEGREE AT ITHACA COLLEGE. LIKE SCHOLARSHIPS, THE STUDENT MUST MEET THE APPLICABLE REQUIREMENTS IN ORDER TO BE AWARDED A GRADUATE ASSISTANTSHIP, SUCH AS OBTAINING/MAINTAINING THE REQUIRED GRADE POINT AVERAGE, STUDYING IN A CERTAIN ACADEMIC DISCIPLINE, ETC. PART II, GRANTS AND OTHER ASSITANCE TO DOMESTIC ORGANIZATIONS THE COLLEGE REMITS ANNUALLY TO THE NATIONAL MARIT SCHOLARSHIP CORPORATION FOR MERIT SCHOLARSHIP PROGRAM. X 1 1 X X X X 0 1 0 0 0 0 0 0 0 THOMAS ROCHON PRESIDENT 380301 0 0 0 21128 0 128164 0 63321 0 592914 0 0 0 NANCY PRINGLE VP & GENERAL COUNSEL 199424 0 1000 0 19444 0 18321 0 11949 0 250138 0 0 0 ERIC MAGUIRE VP ENROLLMENT AND COMMUNICATION 192751 0 0 0 1115 0 17789 0 6306 0 217961 0 0 0 GERALD HECTOR VP FINANCE & ADMINISTRATIO 218538 0 1000 0 0 0 0 0 13530 0 233068 0 0 0 CHRISTOPHER BIEHN VP INSTITUTIONAL ADVANCEME 223716 0 0 0 40118 0 20887 0 16190 0 300911 0 0 0 LINDA PETROSINO PROVOST & EDUCATIONAL AFFAIRS 194768 0 0 0 0 0 17918 0 12114 0 224800 0 0 0 GWEN SEAQUIST PROFESSOR 128961 0 0 0 26980 0 11931 0 11374 0 179246 0 0 0 DIANE GAYESKI DEAN 182943 0 0 0 0 0 16555 0 8797 0 208295 0 0 0 LESLIE LEWIS DEAN 176006 0 500 0 0 0 16128 0 10985 0 203619 0 0 0 JEFFREY LIPPITT ASSOC PROFESSOR 156389 0 0 0 13233 0 14701 0 14746 0 199069 0 0 0 KARL PAULNACK DEAN 160441 0 0 0 0 0 14717 0 12365 0 187523 0 0 0 CARL SGRECCI FORMER VP FINANCE & ADMINI 137571 0 0 0 22811 0 14386 0 4569 0 179337 0 0 0 PART I, LINE 1A ITHACA COLLEGE PROVIDES HOUSING TO ITS PRESIDENT. A DORMITORY AUTH OF THE STATE OF NEW YORK 146000293 649905QU3 2009-09-17 36903147 REISSUANCE OF SERIES 2008 BONDS 0 0 0 B TOMPKINS CTY INDUSTRIAL DEV AGENCY 161214039 890099CQ5 2004-11-10 31100000 CONSTRUCTION AND RENOVATION OF CAMPUS FACILITIES 0 0 0 C TOMPKINS CTY INDUSTRIAL DEV AGENCY 161214039 890099CZ5 2013-12-09 40290000 REISSUANCE OF SERIES 2005B BONDS. 0 0 0 D TOMPKINS CTY INDUSTRIAL DEV AGENCY 161214039 890099DU5 2009-08-20 30924994 REISSUANCE OF SERIES 2007 BONDS 0 0 0 A 10355000 36903147 439564 36463583 1 0 1 1 B 6205000 32424139 343050 412183 31325726 343180 2007 0 0 1 1 C 1360000 40290000 40290000 1 0 1 1 D 2870000 30924994 415639 581248 29928107 1 0 1 1 A 0 1 1 1 0 0.00000 0.00000 0.00000 0 0 1 B 0 1 0 0 0.00000 0.00000 0.00000 0 0 1 D 0 1 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 1 1 0 0 NA 0 0 0 NA 0 0 1 B 0 0 0 1 1 1 UBS AG 30.000000000000 0 0 0 NA 0 0 1 C 0 1 1 0 1 1 BANK OF AMERICA 12.600000000000 0 0 0 NA 0 0 1 D 0 0 1 1 0 0 NA 0 0 0 NA 0 0 1 A 1 B 1 C 1 D 1 SCHEDULE K, PART II, LINE 11, COLUMN A SUPPLEMENTAL INFORMATION AMOUNT LISTED INCLUDES $20,000 FOR STATE AND ISSUER ADMINISTRATIVE FEES. SCHEDULE K, PART II, LINE 13, COLUMN A SUPPLEMENTAL INFORMATION SINCE PROCEEDS OF THE BONDS WERE USED FOR CURRENT REFUNDING PURPOSES, THE YEAR OF SUBSTANTIAL COMPLETION IS NOT APPLICABLE SCHEDULE K, PART III, LINE 7, COLUMN A SUPPLEMENTAL INFORMATION AS PROVIDED IN TREASURY REGULATION SECTION 1.141-4(C)(2)(I)(B), THE AMOUNT OF PRIVATE PAYMENTS TAKEN INTO ACCOUNT UNDER THE PRIVATE PAYMENT TEST MAY NOT EXCEED THE AMOUNT OF PRIVATE BUSINESS USE AND/OR UNRELATED TRADE OR BUSINESS USE. ACCORDINGLY, THE AMOUNT OF PRIVATE PAYMENTS FOR THE REPORTING PERIOD DOES NOT EXCEED THE AMOUNT STATED IN PART III, LINE 6. THE ORGANIZATION HAS NOT UNDERTAKEN AN ANALYSIS OF THE PRIVATE SECURITY TEST WITH RESPECT TO THE BONDS, AS THE LEVEL OF PRIVATE BUSINESS USE AND/OR UNRELATED TRADE OR BUSINESS REPORTED IN PART III, LINE 6, IS NOT IN EXCESS OF AMOUNTS PERMITTED UNDER SECTION 145 OF THE CODE. SCHEDULE K, PART IV, LINE 2(B), COLUMN A SUPPLEMENTAL INFORMATION THE BONDS CONSIST OF A CURRENT REFUNDING, WHICH HAS MET AN EXCEPTION TO THE REBATE REQUIREMENT. SCHEDULE K, COLUMN B SUPPLEMENTAL INFORMATION DIFFERENCE BETWEEN PART I (E) AND PART II, LINE 3 IS DUE TO INTEREST EARNINGS ON BOND PROCEEDS. SCHEDULE K, PART III, LINE 7, COLUMN B SUPPLEMENTAL INFORMATION AS PROVIDED IN TREASURY REGULATION SECTION 1.141-4(C)(2)(I)(B), THE AMOUNT OF PRIVATE PAYMENTS TAKEN INTO ACCOUNT UNDER THE PRIVATE PAYMENT TEST MAY NOT EXCEED THE AMOUNT OF PRIVATE BUSINESS USE AND/OR UNRELATED TRADE OR BUSINESS USE. ACCORDINGLY, THE AMOUNT OF PRIVATE PAYMENTS FOR THE REPORTING PERIOD DOES NOT EXCEED THE AMOUNT STATED IN PART III, LINE 6. THE ORGANIZATION HAS NOT UNDERTAKEN AN ANALYSIS OF THE PRIVATE SECURITY TEST WITH RESPECT TO THE BONDS, AS THE LEVEL OF PRIVATE BUSINESS USE AND/OR UNRELATED TRADE OR BUSINESS REPORTED IN PART III, LINE 6, IS NOT IN EXCESS OF AMOUNTS PERMITTED UNDER SECTION 145 OF THE CODE. SCHEDULE K, PART IV, LINE 2(B), COLUMN B SUPPLEMENTAL INFORMATION PROCEEDS OF THE BONDS WERE EXPENDED AS OF THE LAST REBATE COMPUTATION DATE. TO THE EXTENT THAT NO FURTHER PROCEEDS ARISE WHICH BECOME ALLOCABLE TO THE BONDS, NO FURTHER CALCULATIONS OF REBATE LIABILITY ARE NECESSARY. SCHEDULE K, PART IV, LINE 2(C), COLUMN B SUPPLEMENTAL INFORMATION THE REBATE COMPUTATION WAS PERFORMED ON NOVEMBER 10, 2009. SCHEDULE K, PART I, LINE A(F), COLUMN C SUPPLEMENTAL INFORMATION THE ORIGINAL SERIES 2005 BONDS WERE ISSUED ON SEPTEMBER 29, 2005. SCHEDULE K, PART II, LINE 13, COLUMN C SUPPLEMENTAL INFORMATION SINCE PROCEEDS OF THE BONDS WERE USED FOR CURRENT REFUNDING PURPOSES, THE YEAR OF SUBSTANTIAL COMPLETION IS NOT APPLICABLE. SCHEDULE K, PART III, COLUMN C SUPPLEMENTAL INFORMATION BECAUSE PROCEEDS OF THE BONDS WERE USED TO REFUND BONDS ISSUED BEFORE JANUARY 1, 2003, THE ISSUER HAS NOT COMPLETED PART III WITH RESPECT TO THE BONDS. SCHEDULE K, PART IV, LINE 2, COLUMN C SUPPLEMENTAL INFORMATION THE 5TH BOND YEAR HAS NOT OCCURRED, AND THUS NO REBATE COULD BE DUE. THE BONDS CONSIST OF A CURRENT REFUNDING, WHICH HAS MET AN EXCEPTION TO THE REBATE REQUIREMENT. NO REBATE CALCULATION HAS BEEN OR WILL EVER BE MADE, BEFORE OR AFTER THE DUE DATE OF AN 8038-T. SCHEDULE K, PART I(F), COLUMN D SUPPLEMENTAL INFORMATION THE SERIES 2007 BONDS WERE ISSUED ON APRIL 26, 2007. SCHEDULE K, PART II, LINE 13, COLUMN D SUPPLEMENTAL INFORMATION SINCE PROCEEDS OF THE BONDS WERE USED FOR CURRENT REFUNDING PURPOSES, THE YEAR OF SUBSTANTIAL COMPLETION IS NOT APPLICABLE. SCHEDULE K, PART III, LINE 7, COLUMN D SUPPLEMENTAL INFORMATION AS PROVIDED IN TREASURY REGULATION SECTION 1.141-4(C)(2)(I)(B), THE AMOUNT OF PRIVATE PAYMENTS TAKEN INTO ACCOUNT UNDER THE PRIVATE PAYMENT TEST MAY NOT EXCEED THE AMOUNT OF PRIVATE BUSINESS USE AND/OR UNRELATED TRADE OR BUSINESS USE. ACCORDINGLY, THE AMOUNT OF PRIVATE PAYMENTS FOR THE REPORTING PERIOD DOES NOT EXCEED THE AMOUNT STATED IN PART III, LINE 6. THE ORGANIZATION HAS NOT UNDERTAKEN AN ANALYSIS OF THE PRIVATE SECURITY TEST WITH RESPECT TO THE BONDS, AS THE LEVEL OF PRIVATE BUSINESS USE AND/OR UNRELATED TRADE OR BUSINESS REPORTED IN PART III, LINE 6, IS NOT IN EXCESS OF AMOUNTS PERMITTED UNDER SECTION 145 OF THE CODE. SCHEDULE K, PART IV, LINE 2(B), COLUMN D SUPPLEMENTAL INFORMATION THE PORTION OF THE BOND ISSUE THAT CURRENTLY REFUNDED THE SERIES 2007 BONDS MET THE 6-MONTH EXPENDITURE EXCEPTION. SCHEDULE K, COLUMN A(2) SUPPLEMENTAL INFORMATION DIFFERENCE BETWEEN PART I (E) AND PART II 3 IS DUE TO INTEREST EARNINGS ON BOND PROCEEDS. SCHEDULE K, PART II, LINE 11, COLUMN A(2) SUPPLEMENTAL INFORMATION THIS AMOUNT INCLUDES STATE AND ISSUER ADMINISTRATIVE FEES. SCHEDULE K, PART III, LINE 7, COLUMN A(2) SUPPLEMENTAL INFORMATION AS PROVIDED IN TREASURY REGULATION SECTION 1.141-4(C)(2)(I)(B), THE AMOUNT OF PRIVATE PAYMENTS TAKEN INTO ACCOUNT UNDER THE PRIVATE PAYMENT TEST MAY NOT EXCEED THE AMOUNT OF PRIVATE BUSINESS USE AND/OR UNRELATED TRADE OR BUSINESS USE. ACCORDINGLY, THE AMOUNT OF PRIVATE PAYMENTS FOR THE REPORTING PERIOD DOES NOT EXCEED THE AMOUNT STATED IN PART III, LINE 6. THE ORGANIZATION HAS NOT UNDERTAKEN AN ANALYSIS OF THE PRIVATE SECURITY TEST WITH RESPECT TO THE BONDS, AS THE LEVEL OF PRIVATE BUSINESS USE AND/OR UNRELATED TRADE OR BUSINESS REPORTED IN PART III, LINE 6, IS NOT IN EXCESS OF AMOUNTS PERMITTED UNDER SECTION 145 OF THE CODE. A TOMPKINS CTY DEVELOPMENT CORPORATION 272290745 890096AT7 2011-04-07 25869342 ACQUISITION, CONSTRUCTION AND REFURBISHMENT OF FACILITIES. 0 0 0 A 1405000 25871026 419663 257657 24993584 200123 2012 0 0 0 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 1 0 0 0 0 NA 0 0 0 NA 0 0 1 A 1 EMPLOYEE DEPENDENTS 2638966 TUITION REDUCTION EMPLOYEES 325768 TUITION REDUCTION BRIAN SGRECCI SON OF FORMER VP FINANCE 1590 BID AND RECEIVED A CONTRACT TO PROVIDE LANDSCAPING SERVICES AT ITHACA COLLEGE. 0 X 40 2180115 STOCK MARKET VALUE X DOROTHY H.DILLINGHAM FRAMED PAINTING "FLOW" 1 3000 CASH VALUE X SCOTT LAFARO MUSIC MEMORABILIA 1 1000 CASH VALUE X AUTOGRAPHED LETTER & PHOTO REFERENCING TRUMPET CONCERTO 1 500 CASH VALUE X FRAMED WATERCOLOR PAINTED BY D.DILLINGHAM 1 385 CASH VALUE X VINTAGE HATS AND HAT BOXES 1 300 CASH VALUE X ORCHIDS 1 100 CASH VALUE X PIECES OF MUSIC & MUSIC SCORES 173 2 DE MINIMUS VALUE X TROMBONE SCORES 49 1 DE MINIMUS VALUE X MUSIC BOOKS 26 1 DE MINIMUS VALUE X FUR STOLE AND COLLAR FOR COSTUME SHOP 1 1 DE MINIMUS VALUE 0 0 1 0 PART I, COLUMN (B): THE NUMBER OF CONTRIBUTIONS IS THE NUMBER OF ITEMS DONATED BY EACH CONTRIBUTOR. SPOUSES WHO CONTRIBUTE PROPERTY JOINTLY ARE COUNTED AS ONE CONTRIBUTOR. FORM 990, PART VI, SECTION B, LINE 11 ITHACA COLLEGE'S BOARD OF DIRECTORS AND AUDIT COMMITTEE REVIEWED THE DRAFT FORM 990 PREPARED BY OUTSIDE TAX ACCOUNTANTS BEFORE IT WAS SIGNED. FORM 990, PART VI, SECTION B, LINE 12C ALL TRUSTEES AND SENIOR MANAGEMENT COMPLETE ANNUAL CONFLICT OF INTEREST FORMS. THE FORMS ARE SUBMITTED TO THE SECRETARY OF THE BOARD AND ALL DISCLOSED CONFLICTS ARE FORWARDED TO THE CHAIR OF THE AUDIT COMMITTEE FOR REVIEW AND ON-GOING MONITORING. FORM 990, PART VI, SECTION B, LINE 15 A. THE BOARD OF TRUSTEES SUB-COMMITTEE ON COMPENSATION ANNUALLY COLLECTS COMPARABILITY DATA TO BE USED IN ESTABLISHING PRESIDENTIAL COMPENSATION. THIS DATA IS GATHERED USING THE ASSISTANCE OF NON-INTERESTED PARTIES INCLUDING EXTERNAL CONSULTANTS AND THE COLLEGE'S OFFICE OF HUMAN RESOURCES. THE SUB-COMMITTEE ON COMPENSATION MAKES A RECOMMENDATION TO THE EXECUTIVE COMMITTEE, WHICH HAS AUTHORITY TO APPROVE THE RECOMMENDATION. THE EXECUTIVE COMMITTEE REPORTS TO THE FULL BOARD THE DETAILS OF THE REVIEW AND COMPENSATION. B. HUMAN RESOURCES OBTAINS COMPARABILITY DATA ON COMPENSATION WHICH IS SHARED WITH THE PRESIDENT. THE DATA IS REVIEWED AND THE COMPENSATION COMMITTEE IS INFORMED OF THE DECISIONS. THE PRESIDENT ANNUALLY REVIEWS THE COMPENSATION POLICIES OF THE COLLEGE RELATED TO SENIOR OFFICERS. FORM 990, PART VI, SECTION C, LINE 19 THE PUBLIC MAY LOOK ON THE SCHOOL'S WEBSITE OR CONTACT THE OFFICE OF THE VP OF FINANCE AND ADMINISTRATION IN ORDER TO REVIEW THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF INT RATE SWAP AGREEMENTS -2,289,015. POSTRETIREMENT BENEFITS EXPENSE OTHER THAN NET PERIODIC COST -3,574,721. LEASE ABANDONMENT -391,651. WRITE OFF OF CAPITAL GIFTS & OTHER ADDITIONS -100,000. 990, PART XI, LINE 2C, AUDIT COMMITTEE THE AUDIT COMMITTEE IS RESPONSIBLE FOR THE OVERSIGHT OF THE SELECTION OF THE AUDITORS AND THE CONDUCT OF THE AUDIT. THAT FUNCTION HAS NOT CHANGED IN THE PAST YEAR.