2016-05-11T09:07:40-05:00 2015-06-30 141555429 UHY ADVISORS NY INC 4 TOWER PLACE EXECUTIVE PARK 7TH FLOOR ALBANY NY 12203 990 2014-07-01 141338371 THE COLLEGE OF SAINT ROSE COLL 5184542066 432 WESTERN AVENUE ALBANY NY 12203 DEBRA LEE POLLEY INTERIM TREASURER 5184542066 2016-05-10 1 JAMES P DANIELS P00603621 5184493166 2014 2016-08-17 19:52:53Z DR CAROLYN J STEFANCO 432 WESTERN AVENUE ALBANY NY 12203 168536520 0 X WWW.STROSE.EDU X 1920 NY TO PROVIDE HIGHER EDUCATIONAL OPPORTUNITIES. 32 32 2282 393 0 0 9927247 12136593 104891850 104309961 1145945 2107523 1243718 969744 117208760 119523821 36563579 37969559 0 0 51899170 52011551 25300 0 2096909 32829301 31585622 121317350 121566732 -4108590 -2042911 209026275 202962129 79438901 78217118 129587374 124745011 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 106977122 37969559 89691856 THE COLLEGE PROVIDES POST-SECONDARY EDUCATION TO BOTH UNDERGRADUATE AND GRADUATE STUDENTS. 106977122 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 1 147 0 2282 1 0 0 0 0 0 1 1 0 0 0 0 X 32 32 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 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 MS JOANNE ESPOSITO TRUSTEE 0.50 X 0 0 0 SR ELIZABETH GIARRUSSO CSJ TRUSTEE 0.50 X 0 0 0 SR KATHERINE HANLEY CSJ TRUSTEE 0.50 X 0 0 0 MR RYAN P HALLIDAY 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 DR MATTHEW H MATARASO TRUSTEE 0.50 X 0 0 0 MS TONITA MCKONE 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 MR JEFFREY B SCOTT 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 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 MR ROBERT H BARLOW TRUSTEE 0.50 X 0 0 0 MR HAROLD L WILLIAMS TRUSTEE 0.50 X 0 0 0 SR DIANE ZIGO CSJ TRUSTEE 0.50 X 0 0 0 MR JAMES M GAVIN TRUSTEE 0.50 X 0 0 0 MR MICHAEL MILLER TRUSTEE 0.50 X 0 0 0 MS KATHLEEN RICKER TRUSTEE 0.50 X 0 0 0 SR MARCIA A WHITE TRUSTEE 0.50 X 0 0 0 MR JAMES J SANDMAN TRUSTEE 0.50 X 0 0 0 MS DEBRA LIBERATORE LEBLANC SECRETARY 40.00 X 97260 0 27575 MS CAROLYN STEFANCO PRESIDENT 40.00 X 163131 0 12375 MR HADI SALAVITABAR VICE PRESIDENT/PROVOST 40.00 X 238183 0 23150 MS DEBRA LEE POLLEY ASSOCIATE VICE PRESIDENT/TREASURER 40.00 X 119947 0 24880 MS MARY GRONDAHL VP ADMISSIONS 40.00 X 159053 0 32698 MR DENNIS MCDONALD VP STUDENT AFFAIRS 40.00 X 125964 0 25976 MR RICHARD PULICE FACULTY 40.00 X 135693 0 8189 MR JEFFREY KNAPP ASSOCIATE VP FOR HR 40.00 X 135567 0 24879 LISA MCKENZIE ASSISTANT VP FOR ADVANCEMENT 40.00 X 119874 0 27322 MS MARGARET KIRWIN FORMER INTERIM PRESIDENT 40.00 X 193296 0 20839 MR MARCUS BUCKLEY FORMER INTERIM PRESIDENT 40.00 X 287081 0 37672 MR SEVERIN CARLSON FORMER DEAN 40.00 X 138497 0 21852 1913546 0 287407 28 1 1 0 ARAMARK CORPORATION PO BOX 198532 ATLANTA GA 30384 MAINT/FOOD SERVICE 3445565 ROYALL & COMPANY 1001 PATTERSON AVE RICHMOND VA 23238 STUDENT SEARCH SERVICES 525990 WELLS FARGO 150 E 42ND STREET FL 24 NEW YORK NY 10017 LOC FEES/CREDIT 401991 USHERWOOD OFFICE TECHNOLOGY 1005 W FAYETTE STREET SYRACUSE NY 13204 MAIL PRINTING SERVICES 383286 MA SCHAFER CONSTRUCTION 4928 WESTERN TURNPIKE ALTAMONT NY 12009 CONSTRUCTION SERVICES 369828 26 5480349 6656244 205968 12136593 TUITION AND FEES 611710 89691856 89691856 AUXILIARY SERVICES 900099 14618105 14618105 104309961 407392 407392 50712830 49012699 1700131 1700131 1700131 OTHER REVENUE 900099 969744 969744 969744 119523821 89691856 0 17695372 37319042 37319042 650517 650517 1099575 83525 1016050 36872585 31588981 4205456 1078148 3021122 2487680 459909 73533 8267788 6835985 1209908 221895 2750481 2310575 358247 81659 391429 391429 161187 161187 142962 142962 228889 228889 3445565 3445565 787443 198796 546135 42512 1891633 1606964 207375 77294 1137953 1052542 79158 6253 942484 801019 121133 20332 621856 480593 125288 15975 2437524 2041885 338775 56864 7204801 6035377 1001347 168077 820393 687234 114021 19138 EDUCATIONAL 3779567 3779567 OTHER CONTRACTUAL SERVI 2693803 1862296 645560 185947 UTILITIES 1959633 1716900 207846 34887 ATHLETICS SUPPLIES AND 538710 515835 22875 2399790 1084815 1300580 14395 121566732 106977122 12492701 2096909 12611240 12101578 1458865 3651764 4086218 3978913 1070444 1221395 232428603 103803737 132356978 128624866 37689121 35307892 17285034 15723707 2468375 2352014 209026275 202962129 11873729 11724258 883235 1140043 56945000 55620000 782368 324663 8954569 9408154 79438901 78217118 X 107406529 101813371 9081611 8186895 13099234 14744745 129587374 124745011 209026275 202962129 X -2042911 -2359951 -439501 X 0 1 X 1 1 1 X 13262537 12453369 11483838 9927247 12136593 59263584 13262537 12453369 11483838 9927247 12136593 59263584 59263584 926064 931082 493507 559449 407392 3317494 667567 825999 748670 1243718 969744 4455698 67036776 519190973 0.88400 0.87440 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 42001304 1387847 -379774 -1153818 41855559 36206100 616467 5743241 -564504 42001304 31925068 1136376 3456288 -311632 36206100 31663866 1073734 -376777 -435755 31925068 26763849 1182636 4609637 -892256 31663866 0.50000 0.35000 0.15000 0 0 1974545 1974545 194435319 69645037 124790282 33598412 32317697 1280715 2420327 1841003 579324 128624866 CERTIFICATES OF DEPOSIT 294561 F PRIVATE HEDGE FUND 9899040 F PRIVATE EQUITY FUND 743014 F REAL ESTATE 1953599 F LIMITED PARTNERSHIP 641122 F BOND FUND 2192371 F 15723707 INTEREST RATE SWAP LIABILITY 8066638 U.S. GOVERNMENT ADVANCES 1341516 9408154 X 85044008 -2359951 -439501 -2799452 87843460 31680361 31680361 119523821 89886371 0 89886371 31680361 31680361 121566732 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 THE AGREEMENT WITH THE DONOR), 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 -439,501. PART XI, LINE 4B - OTHER ADJUSTMENTS: INSTITUTIONAL AID 31,680,361. PART XII, LINE 4B - OTHER ADJUSTMENTS: INSTITUTIONAL AID 31,680,361. 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 PROGRAMS EDUCATIONAL 488692 SOUTH AMERICA 0 0 STUDY ABROAD PROGRAMS EDUCATIONAL 40468 EAST ASIA AND PACIFIC 0 0 STUDY ABROAD PROGRAMS EDUCATIONAL 87791 CENTRAL AMERICA AND THE CARIBBEAN 0 0 STUDY ABROAD PROGRAMS EDUCATIONAL 33567 0 0 0 0 0 0 650518 0 650518 STUDY ABROAD PROGRAM FOR STUDENTS EUROPE 23 277352 APPLIED TO STUDENTS ACCOUNTS STUDY ABROAD PROGRAM FOR STUDENTS SOUTH AMERICA 2 40468 APPLIED TO STUDENTS ACCOUNTS STUDY ABROAD PROGRAM FOR STUDENTS CENTRAL AMERICA AND CARIBBEAN 3 33567 APPLIED TO STUDENTS ACCOUNTS STUDY ABROAD PROGRAM FOR STUDENTS EAST ASIA AND PACIFIC 3 42141 APPLIED TO STUDENTS ACCOUNTS 0 0 0 0 0 0 1 SCHOLARSHIPS 2754 37319042 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 MS CAROLYN STEFANCO PRESIDENT 163131 0 0 0 0 0 12375 0 0 0 175506 0 0 0 MR HADI SALAVITABAR VICE PRESIDENT/PROVOST 238183 0 0 0 0 0 8948 0 14202 0 261333 0 0 0 MS MARY GRONDAHL VP ADMISSIONS 159053 0 0 0 0 0 14285 0 18413 0 191751 0 0 0 MR DENNIS MCDONALD VP STUDENT AFFAIRS 125964 0 0 0 0 0 11704 0 14272 0 151940 0 0 0 MR JEFFREY KNAPP ASSOCIATE VP FOR HR 135567 0 0 0 0 0 10980 0 13899 0 160446 0 0 0 MS MARGARET KIRWIN FORMER INTERIM PRESIDENT 143296 0 50000 0 0 0 17351 0 3488 0 214135 0 0 0 MR MARCUS BUCKLEY FORMER INTERIM PRESIDENT 237081 0 50000 0 0 0 23400 0 14272 0 324753 0 0 0 MR SEVERIN CARLSON FORMER DEAN 138497 0 0 0 0 0 7987 0 13865 0 160349 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 - $237,081 IN BASE COMPENSATION, $50,000 IN BONUS COMPENSATION, $23,400 IN DEFERRED COMPENSATION, AND $14,272 IN NONTAXABLE BENEFITS. MR. SEVERIN CARLSON - $138,497 IN BASE COMPENSATION, $7,987 IN DEFERRED COMPENSATION, AND $13,865 IN NONTAXABLE BENEFITS. A CITY OF ALBANY INDUSTRIAL DEVELOPMENT AGENCY 146002058 012440LU5 2007-06-28 34000000 TO FINANCE VARIOUS CAPITAL PROJECTS AT THE COLLEGE 0 0 0 B CITY OF ALBANY INDUSTRIAL DEVELOPMENT AGENCY 146002058 012440LV3 2007-06-28 6600000 TO FINANCE VARIOUS CAPITAL PROJECTS AT THE COLLEGE 0 0 0 C CITY OF ALBANY CAPITAL RESOURCE CORPORATION 273467899 012432AN0 2011-07-01 21235000 TO FINANCE VARIOUS CAPITAL PROJECTS AT THE COLLEGE 0 0 0 A 34000000 864448 15816416 784026 613000 16068895 2010 1 0 1 1 B 6600000 6536649 136542 115000 2007 1 0 1 1 C 21235000 1506293 1079918 571611 17951548 2012 0 0 1 1 A 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 C 0 0 0 0 0 0 0 A 0 0 0 0 1 1 BANK OF AMERICA 30.000000000000 0 0 0 0 0 B 0 0 0 0 1 1 BANK OF AMERICA 20.000000000000 0 0 0 0 0 C 0 0 0 0 0 0 0 0 0 A 1 B 1 C 1 X 13 145190 MARKET QUOTE X VARIOUS IN KIND 85 64057 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 -439,501.