2015-04-13T11:51:07-05:00 2014-05-31 KPMG LLP 515 Broadway 4th Floor Albany NY 122072974 990 2013-06-01 141338498 Siena College % PAUL STEC SIEN 5187832300 Route 9 Suite Loudonville NY 12211 PAUL STEC vice president 5187832300 2015-04-08 true Koen Vredeveld P00743270 5187832300 2015-04-08 2013 2016-02-25 16:41:14Z paul stec route 9 loudonville NY 12211 153780534 false X www.siena.edu X 1937 NY PLEASE SEE SCHEDULE O 33 32 2598 93 326695 89466 8730734 12698491 124374884 128732776 5513581 7516035 770182 199673 139389381 149146975 39628854 45482107 0 0 60115372 61936252 0 0 2639126 36860905 37604458 136605131 145022817 2784250 4124158 295412921 295968430 94780446 81983910 200632475 213984520 X PLEASE SEE SCHEDULE O false false 130073846 45482107 128732776 Please see Schedule O. 130073846 true true false true false false true false true true true false false true true true false true false true false true false true false false false true true true false false false false false false true false false true true false false false false true true true false false true 414 0 true 2598 true true true true UK false false false true true false false false false X 33 32 false false false false false false false true true false false true true true true false true true true false NY X PAUL STEC 5787832300 SIENA COLLEGE LOUDONVILLE NY 12211 Ronald E Bjorklund TRUSTEE 1.0 0.0 X J David Brown TRUSTEE 1.0 0.0 X Daniel Din Cahill TRUSTEE 1.0 0.0 X Robert F Campbell TRUSTEE 3.0 0.0 X Judy Capano Michaelson TRUSTEE 5.0 0.0 X Br F Edward Coughlin ofm TRUSTEE 5.0 0.0 X Robert M Curley TRUSTEE 5.0 0.0 X Susan Law Dake TRUSTEE 5.0 0.0 X Virginia L Darrow TRUSTEE 1.0 0.0 X Howard S Foote TRUSTEE 20.0 0.0 X Shari Golub-Schillinger TRUSTEE 1.0 0.0 X Sr Violet T Grennan TRUSTEE 4.0 0.0 X Robert L Guido TRUSTEE 5.0 0.0 X Rev Kenneth R Himes OFM TRUSTEE 2.0 0.0 X Pamela McCarthy TRUSTEE 3.0 0.0 X Robert J McCormick TRUSTEE 9.0 0.0 X John MacMahon TRUSTEE 2.0 0.0 X Very Rev Kevin J Mullen OFM TRUSTEE/PRESIDENT 3.0 0.0 X X John F Murray TRUSTEE 2.0 0.0 X John J Nigro TRUSTEE 2.0 0.0 X Very Rev John F O Connor OFM TRUSTEE 1.0 0.0 X Kenneth M Raymond Jr TRUSTEE 3.0 0.0 X Mark S Rose TRUSTEE 3.0 0.0 X Rev James P Scullion OFM TRUSTEE 1.0 0.0 X David M Stack TRUSTEE 2.0 0.0 X Christine L Standish TRUSTEE 4.0 0.0 X Nimmi M Trapasso MD TRUSTEE 1.0 0.0 X Sonya S VanBortel TRUSTEE 4.0 0.0 X Benjamin Velazquez Jr TRUSTEE 1.0 0.0 X Dennis L Winger TRUSTEE 1.0 0.0 X Thomas Baldwin TRUSTEE 1.0 0.0 X Douglas Hickey trustee 1.0 0.0 X LINDA RICHARDSON VICE PRESIDENT 40.0 0.0 X 196422 27466 PAUL STEC VICE PRESIDENT 40.0 0.0 X 195001 0 54737 DAVID SMITH VP DEVELOPMENT & EXTERNAL 40.0 0.0 X 186324 71334 MARYELLEN GILROY VICE PRESIDENT 40.0 0.0 X 148855 21998 EDWARD JONES VP ENROLLMENT MANAGEMENT 40.0 0.0 X 140620 33800 ALLAN WEATHERWAX DEAN SCIENCE 40.0 0.0 X 153445 36778 JOHN D'ARGENIO VP & ATHLETIC DIRECTOR 40.0 0.0 X 133819 22347 FREDERICK DECASPERIS INTERIM DEAN, BUSINESS 40.0 0.0 X 126400 28150 JAMES PATSOS HEAD COACH BASKETBALL 40.0 0.0 X 274894 23486 MARK BERMAN CIO 40.0 0.0 X 147310 34906 ALOYSIA JACQUES HEAD COACH BASKETBALL 40.0 0.0 X 144469 7023 JAMES HARRISON PROFESSOR 40.0 0.0 X 141555 61876 JAMES NOLAN PROFESSOR 40.0 0.0 X 138462 27495 MICHAEL BUONAGURO FORMER HEAD COACH BASKETBALL 40.0 0.0 X 300261 11413 JEFFREY MELLO FORMER DEAN BUSINESS 40.0 0.0 X 145470 27675 2573307 0 490484 55 true true false SODEXO 515 LOUDON RD LOUDONVILLE NY 12211 FOOD SERVICES 8245072 ST PETERS HOSPITAL 315 S MANNING BLVD ALBANY NY 12208 HEALTH SERVICES 358396 KPMG 515 Broadway ALBANY NY 12207 Auditing Tax 200635 Creative Communications Assoc 16 Sage Estate ALBANY NY 12208 Web Site Consulting 222616 Joseph Kujawski 314 Trinacria Ct SCHENECTADY NY 12303 Scientific Consultin 219129 8 176737 3528578 8993176 1407360 12698491 TUITION FEES 92208667 92208667 ROOM AND BOARD 30272033 30272033 LABORATORY FEES 1219877 1219877 STUDENT ACTIVITIES 718750 718750 OTHER STUDENT FEES 910102 910102 3403347 3403347 128732776 1490467 44851 1445616 0 0 95542 178525 -82983 0 -82983 -82983 10272215 4246647 6025568 6025568 6025568 132092 176737 131280 812 0 102787 77107 25680 25680 ADVERTISING REV. 541800 256164 256164 256164 149146975 128732776 326695 7388201 0 44205951 44205951 1276156 1276156 0 1087269 604169 252415 230685 0 44225285 36904520 5892704 1428061 3560355 2947180 482842 130333 9766150 8084195 1324448 357507 3297193 2729340 447153 120700 326420 326420 87738 87738 219357 219357 413 413 0 114101 114101 2256288 2011425 188035 56828 145873 77457 68211 205 0 152200 152200 0 2190885 2190885 2086740 1951887 75218 59635 0 0 2510572 2510572 0 7117417 7117417 838664 165748 672916 ENTERTAINMENT 640637 472032 33137 135468 PERIODICALS 264191 263499 692 FOOD 7103559 7103559 SUPPLIES 4408559 3598944 832859 -23244 7140844 5858910 1139678 142256 145022817 130073846 12309845 2639126 X 11830424 6184065 108614 92975 8568939 9401116 3572672 3194520 0 0 0 0 2908331 2724702 0 0 5453871 3760203 211601777 89831463 118523590 121770314 37270781 36892049 102597772 109525288 0 0 0 0 4577927 2423198 295412921 295968430 12750532 12157423 0 0 3799588 3074207 54392342 41964844 0 0 0 0 0 0 0 0 23837984 24787436 94780446 81983910 X 124401392 125011597 8190794 9419717 68040289 79553206 200632475 213984520 295412921 295968430 X 4124158 9068791 159096 X false true X true true true X false false false 8696661 6813109 17156881 8730734 12698491 54095876 0 0 8696661 6813109 17156881 8730734 12698491 54095876 6949792 47146084 2221189 2037707 2239421 1800175 1586009 9884501 89466 89466 0 64069843 596660195 0.73586 0.00000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false false false true 413 413 false false SCHEDULE C, PART II-B, QUESTION 1B AND 1G THE COLLEGE, THE COLLEGE'S PRESIDENT (FATHER KEVIN MULLEN) AND THE ASSOCIATE VICE PRESIDENT FOR ACADEMIC AFFAIRS - RISK MANAGEMENT AND COMPLIANCE ARE REGISTERED LOBBYISTS IN NEW YORK STATE. SIENA COLLEGE IS REGISTERED AS A LOBBYIST IN NEW YORK STATE IN THE UNLIKELY EVENT OF INCIDENTAL CONTACT WITH ELECTED OR OTHER GOVERNMENT OFFICIALS. NO EMPLOYEE-RELATED EXPENSE HAS BEEN INCURRED IN RELATION TO LOBBYING ACTIVITY SINCE THE COLLEGE DID NOT ACTIVELY LOBBY DURING THE FISCAL PERIOD. FATHER KEVIN MULLEN, IN ACCORDANCE WITH THE HOLY NAME PROVINCE ORDER OF FRIARS MINOR (OFM), TAKES A VOW OF POVERTY AND DOES NOT DIRECTLY RECEIVE A SALARY. SCHEDULE C, PART II-B, QUESTION 1I SIENA COLLEGE HAS AN INSTITUTIONAL MEMBERSHIP TO THE ALBANY-COLONIE REGIONAL CHAMBER OF COMMERCE. THE INVOICE FOR THIS MEMBERSHIP STATED THAT 7% OF THE MEMBERSHIP INVESTMENT IS ALLOCABLE FOR LOBBYING EXPENDITURES. 26683 X X X Teaching false false 113334275 5649860 14225953 2109687 6698271 124402130 102675632 2727849 14295552 2017780 4346978 113334275 102249008 10324054 -7096740 2800690 102675632 88097451 1644370 1632346 3818159 87556008 81792336 1390917 9412978 4824009 87772222 0.28480 0.63950 0.07570 false false 11992007 11992007 157603560 59785647 97817913 38685204 30045816 8639388 3321006 0 3321006 121770314 15476477 F US PRIVATE EQUITY 11200158 F FOREIGN PRIVATE EQUITY 21649753 F ABSOLUTE RETURN FUNDS 22123997 F SMALL CAP EQUITY 2502063 F VENTURE CAPITAL 13180011 F OTHER 3888665 F 109525288 0 ANNUITIES PAYABLE 1024446 POSTRETIREMENT BENEFITS 17079679 FEDERAL STUDENT LOAN FUNDS 3158440 ASSET RETIREMENT OBLIGATION 3524871 24787436 X 158761771 9068791 159094 9227885 149533886 -386911 -386911 149146975 145409728 386911 386911 145022817 145022817 Part III, Question 4 DESCRIPTION OF ART COLLECTION SIENA'S FINE ART COLLECTIONS ENCOMPASS A BROAD RANGE OF PERIODS AND STYLES, WITH FINE PAINTINGS, WORKS ON PAPER, SCULPTURE, AND ARTIFACTS. ORIGINAL WORKS FROM HISTORIC AND CONTEMPORARY ARTISTS ARE DISPLAYED THROUGHOUT THE CAMPUS. AMONG THESE ARE SEVERAL PIECES OF THE HUDSON RIVER SCHOOL, QUALITY 19TH CENTURY COPIES OF RENAISSANCE RELIGIOUS PAINTINGS, AND A DIVERSE BODY OF WORK RECENTLY ACQUIRED FROM LOCAL CONTEMPORARY ARTISTS. Part V, Question 4 DESCRIPTION OF ENDOWMENT FUNDS ENDOWED FUNDS ARE INTENDED PRIMARILY TO PROVIDE FOR SCHOLARSHIPS FOR STUDENT STUDY. OTHER ENDOWED FUNDS ARE MAINTAINED FOR SUPPORT IN ACADEMIC PROGRAMS, BUILDINGS, AND ATHLETICS. Part X UNCERTAIN TAX POSITIONS THE COLLEGE HAS BEEN GRANTED TAX-EXEMPT STATUS AS A NONPROFIT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS GENERALLY EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER SECTION 501(A) OF THE CODE AND APPLICABLE STATE LAWS. THE COLLEGE BELIEVES IT HAS TAKEN NO SIGNIFICANT UNCERTAIN TAX POSITIONS. RECONCILIATION OF REVENUE AND EXPENSES PART XI, Line 4b Fundraising expenses 131,279 athletic cost of goods sold 77,107 Gross Rentals expenditures 178,525 TOTAL: 386,911 Part XII, Line 2d RECONCILIATION OF REVENUE AND EXPENSES Actuarial Adjustment & Provision for Uncoll Pledges 525,928 Loss on extinguishment of L/T debt (366,834) TOTAL: 159,094 Part XII, line 2d RECONCILIATION OF REVENUE AND EXPENSES Fundraising expenses 131,279 athletic cost of goods sold 77,107 Gross Rentals expenditures 178,525 TOTAL: 386,911 true true true true true true true false false false false false false false false true false true SCHEDULE E, LINE 3 Siena College is committed to maintaining a community environment that fosters respect for the dignity and worth of each individual. Siena College expects all members of the community to demonstrate respect for themselves and others. In a college community, it is critical that respect encompass diversity, differences of opinion, and sensitivity to these differences. The dignity of the individual should never be violated in any way, and the college community views with seriousness offenses against any person. Particularly intolerable, in view of the College's commitment to respect the dignity of the individual, are acts of discrimination and discriminatory-based harassment, which are offenses directed against persons because of their race, religion, ethnicity, national origin, gender, age, sexual orientation, gender identity, marital status, veteran status, disability, predisposing genetic characteristics, domestic violence victim status or other basis identified in federal or state law. Discrimination and discriminatory-based harassment are unethical and unprofessional, and they are incompatible with Siena's commitment to diversity, educational equity, and the Franciscan tradition. Any form of such behavior toward any member of the Siena community (students, staff, faculty, or administrators) will be subject to strong disciplinary action. The College will also address to the extent practicable any reported behavior in violation of this policy that is directed towards any member of the Siena community by non-members, including contractors, alumni, visitors, and any others identified as non-employees or non-students of the College. The College publicizes its racially non-discriminatory policy on its website. SCHEDULE E, LINE 6A THE COLLEGE RECEIVES GRANTS FROM VARIOUS FEDERAL AND STATE AGENCIES. true Sub-Saharan Africa Program Services Service Trip 2081 South America Program Services Service Trip 14130 Central America and the Caribbean Program Services Service Trip 6456 Central America and the Caribbean Investments 8897500 Europe (Including Iceland and Greenland) Program Services SCHOLARSHIPS 645387 North America Program Services SCHOLARSHIPS 194510 South America Program Services SCHOLARSHIPS 240216 Middle East and North Africa Program Services SCHOLARSHIPS 36000 Sub-Saharan Africa Program Services SCHOLARSHIPS 107250 East Asia and the Pacific Program Services SCHOLARSHIPS 52793 10196323 10196323 GRANTS FOR EDUCATION Europe (Including Iceland and Greenland) 20 645387 other GRANTS FOR EDUCATION North America 6 194510 OTHER GRANTS FOR EDUCATION South America 14 240216 OTHER GRANTS FOR EDUCATION Middle East and North Africa 1 36000 other GRANTS FOR EDUCATION Sub-Saharan Africa 4 107250 OTHER GRANTS FOR EDUCATION East Asia and the Pacific 3 52793 OTHER true false true true true false Schedule F, Part I, line 2 THE COLLEGE PROVIDES PAYMENT OF THE GRANTS TO THE STUDENT AS A CREDIT TO THE STUDENTS' RECEIVABLE ACCOUNT; THE GRANTS ARE NOT DIRECTLY PAID TO THE STUDENTS. FOR THE GRANT TO BE AVAILABLE TO THE STUDENT, THE COLLEGE MONITORS THE STUDENTS ENROLLMENT, BASED ON THE FOREIGN SCHOOLS RECORDS, AND THE STUDENT MUST BE ENROLLED AND ACTIVE FOR THE TIME PERIOD THE GRANT IS OFFERED. IF THE STUDENT LEAVES THE PROGRAM EARLY, THE GRANT IS NOT REFUNDED TO THE STUDENT AND THE STUDENT'S ACCOUNT IS RATABLY ADJUSTED TO REFLECT THE INCOMPLETE PERIOD. Golf Tournament 79909 49909 30000 113 22085 1200 3529 Festa Vino 75996 37246 38750 2550 10532 6 152924 89582 63342 58513 23728 9030 308829 176737 132092 113 80598 27478 23091 131280 812 true SCHOLARSHIPS 2905 44205951 Schedule I, Part I, line 2 THE COLLEGE PROVIDES PAYMENT OF THE GRANTS TO THE STUDENT AS A CREDIT TO THE STUDENTS' RECEIVABLE ACCOUNT; THE GRANTS ARE NOT DIRECTLY PAID TO THE STUDENTS. FOR THE GRANT TO BE AVAILABLE TO THE STUDENT, THE COLLEGE MONITORS THE STUDENTS ENROLLMENT AND THE STUDENT MUST BE ENROLLED AND ACTIVE FOR THE TIME PERIOD THE GRANT IS OFFERED. IF THE STUDENT LEAVES THE PROGRAM EARLY, THE GRANT IS NOT REFUNDED TO THE STUDENT AND THE STUDENT'S ACCOUNT IS RATABLY ADJUSTED TO REFLECT THE INCOMPLETE PERIOD. X X true true X true false false false false false false false false LINDA RICHARDSON VICE PRESIDENT 194197 2225 19672 7794 223888 PAUL STEC VICE PRESIDENT 194235 0 0 0 766 0 19916 0 34821 0 249738 0 0 0 DAVID SMITH VP DEVELOPMENT & EXTERNAL 177867 8457 18273 53061 257658 MARYELLEN GILROY VICE PRESIDENT 148579 276 15028 6970 170853 EDWARD JONES VP ENROLLMENT MANAGEMENT 140449 171 14538 19262 174420 ALLAN WEATHERWAX DEAN SCIENCE 153250 195 15836 20942 190223 JOHN D'ARGENIO VP & ATHLETIC DIRECTOR 133582 237 13581 8766 156166 FREDERICK DECASPERIS INTERIM DEAN, BUSINESS 126153 247 13060 15090 154550 MICHAEL BUONAGURO FORMER HEAD COACH BASKETBALL 297603 2658 7760 3653 311674 JAMES PATSOS HEAD COACH BASKETBALL 266568 8326 13457 10029 298380 MARK BERMAN CIO 146779 531 15325 19581 182216 JEFFREY MELLO FORMER DEAN BUSINESS 145225 245 13626 14049 173145 ALOYSIA JACQUES HEAD COACH BASKETBALL 135396 9073 7023 151492 JAMES HARRISON PROFESSOR 140834 721 9663 52213 203431 JAMES NOLAN PROFESSOR 137799 663 13349 14146 165957 PART I, LINES 1A AND 1B CERTAIN OFFICERS MAY UTILIZE FIRST CLASS TRAVEL WHEN COACH ACCOMODATIONS ARE UNAVAILABLE OR IN THE CASE OF EXTENUATING CIRCUMSTANCES SUCH AS DEMANDING FLIGHT SCHEDULES, EXTENDED FLIGHT TIMES OR BY GIVING PRIOR WRITTEN AUTHORIZATION FOR FIRST CLASS OR BUSINESS TRAVEL. THE TRAVELER PROVIDED THE COLLEGE WITH APPROPRIATE SUBSTANTIATION FOR THE EXPENSE INCURRED. COUNTRY CLUB DUES WERE PROVIDED TO THE PRESIDENT AND THE VP OF DEVELOPMENT AND EXTERNAL AFFAIRS TO INCREASE THE COLLEGE'S PRESENCE IN THE COMMUNITY AND AMONG BUSINESS LEADERS. ANY PERSONAL USE OF THE COUNTRY CLUB DUES ARE INCLUDED IN THE LISTED PERSONS FORM W-2. PART I, LINE 3 THE COLLEGE PRESIDENT (A FRANCISCAN FRIAR), IN ACCORDANCE WITH THE HOLY NAME PROVINCE ORDER OF FRIARS MINOR (OFM), TAKES A VOW OF POVERTY AND DOES NOT DIRECTLY RECEIVE A SALARY. PAYMENTS TO THE ORDER ARE MADE IN LIEU OF THE PRESIDENT'S SALARY, WHICH IS DETERMINED BY THE TRUSTEES. TRUSTEES ESTABLISH THE IN LIEU OF PAYMENT THROUGH THE USE OF COMPARABLE SALARY DATA FOR SIMILARLY-SITUATED COLLEGES. PART I, LINE 4A THE FORMER HEAD COACH OF BASKETBALL MICHAEL BUOANAGURO RECEIVED A SEVERANCE PAYMENT IN THE AMOUNT OF $207,374. A DORMITORY AUTHORITY STATE OF NY 146000293 14983QD48 2006-05-04 27942152 FINANCE CONSTRUCTION: RENOVATION false false false B DORMITORY AUTHORITY STATE OF NY 146000293 649905YX1 2009-12-11 20660808 CONSTRUCTION OF RESIDENCE HALL false false false A 5488745 0 27942152 0 0 0 667065 364000 0 26911087 0 0 2006 true false true true B 1149372 0 20660808 0 0 0 665808 0 0 19995000 0 0 2010 false false true true A false false true false false 0.00000 0.00000 0.00000 false false 0.00000 false true B false false true false false 0.00000 0.00000 0.00000 false false 0.00000 false true A false false false true false false 0 false 0 false false B false false false true false false 0 false 0 false false A false B false PART IV, LINE 2C REBATE CALCULATIONS ARE PERFORMED AT THE END OF THE PROJECT FOR WHICH THE DEBT WAS ISSUED. EVALUATIONS REGARDING ARBITRAGE/REBATE WERE PERFORMED IN 2004, 2006, & 2010 FOR THE IDA LOAN, DASNY SERIES 2006 AND DASNY SERIES 2009 RESPECTIVELY. 0 family member of trustee 1000 scholarship family member of trustee 7000 scholarship ROSE KIERNAN SEE PART V BELOW 314676 INSURANCE COMMISSIONS false Part IV, Business Transactions with Int. Persons Siena College pays insurance premiums to Rose and Kiernan. A College trustee is the president of Rose and Kiernan. X 28411 FMV X 56 1067030 average price X LIBRARY ART WORK 24 33155 FMV X MARKETING SERVICES 1 250000 FMV X SCHOOL OF SCIENCE COMPUTING EQUIPMENT 1 5000 FMV X WOMEN'S TENNIS T-SHIRTS 1 322 FMV X HOCKEY CLUB TEAM TRAVEL MEAL 1 177 FMV X MISCELLANEOUS ITEMS SARAZEN GOLF TOURNAMENT 26 16480 fmv X MISCELLAENOUS ITEMS GOLF EVENT 24 6745 fmv X SENIOR CLASS PARTY GIFT BASKET 1 40 fmv false true true PART I, COLUMN B THE NUMBER OF CONTRIBUTORS IS REPORTED IN PART I, COLUMN (B). PART I, QUESTION 32A SECURITIES RECEIVED AS CONTRIBUTIONS ARE LIQUIDATED THROUGH A BROKER UPON RECEIPT. FORM 990, PART I, LINE 1 AND PART III, LINE 1 SIENA COLLEGE IS A LEARNING COMMUNITY ADVANCING THE IDEALS OF A LIBERAL ARTS EDUCATION, ROOTED IN ITS IDENTITY AS A FRANCISCAN AND CATHOLIC INSTITUTION. AS A LEARNING COMMUNITY, SIENA IS COMMITTED TO A STUDENT-CENTERED EDUCATION EMPHASIZING DYNAMIC FACULTY-STUDENT INTERACTION. THROUGH A BLENDING OF LIBERAL ARTS AND PROFESSIONAL EDUCATION, SIENA COLLEGE PROVIDES EXPERIENCES AND COURSES OF STUDY INSTILLING THE VALUES AND KNOWLEDGE TO LEAD A COMPASSIONATE, REFLECTIVE, AND PRODUCTIVE LIFE OF SERVICE AND LEADERSHIP. AS A LIBERAL ARTS COLLEGE, SIENA FOSTERS THE RIGOROUS INTELLECTUAL DEVELOPMENT OF ITS STUDENTS THROUGH A HEALTHY EXCHANGE OF IDEAS BOTH INSIDE AND OUTSIDE THE CLASSROOM. IT PROVIDES OPPORTUNITIES TO DEVELOP CRITICAL AND CREATIVE THINKING, TO MAKE REASONED AND INFORMED JUDGMENTS, TO APPRECIATE CULTURAL DIVERSITY, TO DEEPEN AESTHETIC SENSIBILITY AND TO ENHANCE WRITTEN AND ORAL COMMUNICATION SKILLS. IT DEVELOPS IN EACH INDIVIDUAL AN APPRECIATION FOR THE RICHNESS OF EXPLORING KNOWLEDGE FROM A VARIETY OF PERSPECTIVES AND DISCIPLINES. AS A FRANCISCAN COMMUNITY, SIENA STRIVES TO EMBODY THE VISION AND VALUES OF ST. FRANCIS OF ASSISI: FAITH IN A PERSONAL AND PROVIDENT GOD, REVERENCE FOR ALL CREATION, AFFIRMATION OF THE UNIQUE WORTH OF EACH PERSON, DELIGHT IN DIVERSITY, APPRECIATION FOR BEAUTY, SERVICE WITH THE POOR AND MARGINALIZED, A COMMUNITY WHERE MEMBERS WORK TOGETHER IN FRIENDSHIP AND RESPECT, AND COMMITMENT TO BUILDING A WORLD THAT IS MORE JUST, PEACEABLE, AND HUMANE. AS A CATHOLIC COLLEGE, SIENA SEEKS TO ADVANCE NOT ONLY THE INTELLECTUAL GROWTH OF ITS STUDENTS, BUT THEIR SPIRITUAL, RELIGIOUS AND ETHICAL FORMATION AS WELL. TO THIS END, SIENA IS COMPOSED OF AND IN DIALOGUE WITH PEOPLE FROM DIFFERENT RELIGIONS AND CULTURAL TRADITIONS, FOSTERS A CRITICAL APPRECIATION OF THE CATHOLIC INTELLECTUAL HERITAGE IN CONVERSATION WITH CONTEMPORARY EXPERIENCE, PROVIDES AMPLE OPPORTUNITIES FOR WORSHIP AND SERVICE, EXPLORES THE MORAL DIMENSIONS OF DECISION-MAKING IN BUSINESS AND THE PROFESSIONS, AND AFFIRMS THE DIGNITY OF THE INDIVIDUAL WHILE PURSUING THE COMMON GOOD. FORM 990, PART III - PROGRAM SERVICE, LINE 4A SIENA COLLEGE IS A COEDUCATIONAL, INDEPENDENT, LIBERAL ARTS COLLEGE WITH A FRANCISCAN AND CATHOLIC TRADITION. FOUNDED IN 1937 BY SEVEN FRANCISCAN FRIARS, IT IS LOCATED IN LOUDONVILLE, NEW YORK, A SUBURBAN COMMUNITY JUST OUTSIDE THE STATE'S CAPITAL. SIENA IS REGISTERED BY THE BOARD OF REGENTS OF THE UNIVERSITY OF THE STATE OF NEW YORK. ALL PROGRAMS ARE ACCREDITED BY THE MIDDLE STATES COMMISSION ON HIGHER EDUCATION, AND THE SCHOOL OF BUSINESS IS ACCREDITED BY THE ASSOCIATION TO ADVANCE COLLEGIATE SCHOOLS OF BUSINESS. IN ADDITION, THE CHEMISTRY PROGRAM IS CERTIFIED BY THE AMERICAN CHEMICAL SOCIETY, THE SOCIAL WORK PROGRAM IS CERTIFIED BY THE COUNCIL ON SOCIAL WORK EDUCATION, AND THE EDUCATION PROGRAMS ARE ACCREDITED BY THE NATIONAL COUNCIL FOR THE ACCREDITATION OF TEACHER EDUCATION. SIENA'S 3069 UNDERGRADUATES ENROLL IN ONE OF THREE SCHOOLS - LIBERAL ARTS, SCIENCE, AND BUSINESS - AND MAY CHOOSE TO PURSUE STUDY FROM A TOTAL OF 24 DEPARTMENTS WITH 28 MAJORS, 56 MINORS AND CERTIFICATE PROGRAMS, AND PROFESSIONAL CURRICULA IN SECONDARY EDUCATION, PRE-LAW, AND SOCIAL WORK. 53 GRADUATES HAVE ENROLLED IN THE MASTERS IN ACCOUNTING PROGRAM. ON AVERAGE, 150 STUDENTS STUDY ABROAD IN A GIVEN YEAR. NINETY-FIVE PERCENT OF SIENA STUDENTS ENTER GRADUATE SCHOOL OR FIND EMPLOYMENT IMMEDIATELY FOLLOWING GRADUATION. ADMISSION TO THE COLLEGE IS COMPETITIVE. OF THE 765 INCOMING MEMBERS OF THE CLASS OF 2017, 24.2 PERCENT GRADUATED IN THE TOP TEN PERCENT OF THEIR HIGH SCHOOL CLASS AND THEIR AVERAGE SAT SCORE WAS 1104. SIENA'S FRESHMAN RETENTION RATE FOR THE CLASS ENTERING IN THE FALL OF 2013 WAS 88.7 PERCENT. FORM 990, PART VI, SECTION B, QUESTION 11A AND B MANAGEMENT WORKS TOGETHER WITH ITS TAX PROFESSIONALS TO GATHER THE REQUIRED INFORMATION NECESSARY TO PREPARE A DRAFT OF THE FORM 990. ONCE A DRAFT IS COMPLETED, IT IS THEN REVIEWED WITH THE AUDIT COMMITTEE AND THE TAX PROFESSIONALS. ONCE THE REVIEW IS COMPLETED AND EDITS ARE MADE, A COMPLETE COPY OF THE COLLEGE'S FINAL FORM 990 (INCLUDING ALL REQUIRED SCHEDULES), AS ULTIMATELY FILED WITH THE IRS, IS DISTRIBUTED TO THE FULL BOARD BEFORE ITS FILING WITH THE IRS. FORM 990, PART VI, SECTION B, QUESTION 12C ALL OFFICERS, TRUSTEES, AND KEY EMPLOYEES ASSUME RESPONSIBILITY FOR CONSIDERING POSSIBLE CONFLICTS OF INTEREST THAT ARISE DURING SERVICE WITH THE COLLEGE TO HELP TRUSTEES IDENTIFY POSSIBLE CONFLICTS OF INTEREST, THE COLLEGE HAS DEVELOPED A DISCLOSURE FORM THAT ALL TRUSTEES MUST COMPLETE AND UPDATE AT LEAST ANNUALLY. DURING THE COURSE OF THEIR SERVICE, OFFICERS, TRUSTEES, AND KEY EMPLOYEES, IF APPLICABLE, MUST ALSO DISCLOSE ANY CONFLICT OF INTEREST AS SOON AS THEY BECOME AWARE OF THE CONFLICT. THE GENERAL COUNSEL REVIEWS THE DISCLOSURES AND WILL DISCLOSE ANY REPORTED CONFLICTS OF INTEREST TO THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES. THE AUDIT COMMITTEE MAY CONSIDER WHETHER ADVICE FROM COUNSEL OR OTHER INDEPENDENT ADVISORS IS NECESSARY IN PARTICULAR INSTANCES WHERE A CONFLICT EXISTS. FORM 990, PART VI, SECTION B, QUESTION 13 The Whistleblower Policy was adopted in June 2014 in accordance with New York Nonprofit Revitalization Act of 2013. FORM 990, PART VI, SECTION B, QUESTION 15A THE COLLEGE PRESIDENT (A FRANCISCAN FRIAR), IN ACCORDANCE WITH THE HOLY NAME PROVINCE ORDER OF FRIARS MINOR (OFM), TAKES A VOW OF POVERTY AND DOES NOT DIRECTLY RECEIVE A SALARY. PAYMENTS TO THE ORDER ARE MADE IN LIEU OF THE PRESIDENT'S SALARY. THE BOARD OF TRUSTEES PERFORMS A REVIEW AND APPROVES AT REGULAR INTERVALS THE PERFORMANCE AND COMPENSATION OF THE PRESIDENT. THE BOARD UTILIZES INDEPENDENT EXTERNAL STANDARDS SUCH AS THE COLLEGE AND UNIVERSITY PERSONNEL ASSOCIATION, LOCAL MARKET DATA AND INTERNAL EQUITY, FOR THE REVIEW OF THE PRESIDENT'S COMPENSATION AGREEMENT AND THE GATHERING OF COMPARABILITY DATA IN DETERMINING THE REASONABLENESS OF COMPENSATION AND COMPLIANCE WITH THE PROCEDURES DESCRIBED IN TREASURY REGULATION SECTION 53.4958-6. FORM 990, PART VI, SECTION B, QUESTION 15B THE BOARD OF TRUSTEES AND THE PRESIDENT PERFORM A REVIEW AND APPROVAL AT REGULAR INTERVALS OF THE PERFORMANCE AND COMPENSATION OF THE OFFICERS, AND WHERE APPROPRIATE, OTHER SENIOR MANAGEMENT OF THE COLLEGE. THE BOARD AND PRESIDENT UTILIZE INDEPENDENT EXTERNAL STANDARDS SUCH AS THE COLLEGE AND UNIVERSITY PERSONNEL ASSOCIATION, LOCAL MARKET DATA AND INTERNAL EQUITY, FOR THE REVIEW OF COMPENSATION AGREEMENTS AND THE GATHERING OF COMPARABILITY DATA IN DETERMINING THE REASONABLENESS OF COMPENSATION AND COMPLIANCE WITH THE PROCEDURES DESCRIBED IN TREASURY REGULATION SECTION 53.4958-6. FORM 990, PART VI SECTION C, QUESTION 18 THE COLLEGE FOLLOWS THE IRS' GUIDELINES FOR PUBLIC DISCLOSURE. A COPY OF THE FORM 990 AND FORM 990-T IS MADE AVAILABLE TO THE PUBLIC BY REQUEST THROUGH THE FINANCE AND ADMINISTRATION OFFICE. THE FORM 990 IS ALSO AVAILABLE ON THE GUIDESTAR WEBSITE. FORM 990, PART VI, SECTION C, QUESTION 19 THE COLLEGE DOES NOT MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, OR FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. FORM 990, Part XI, Line 9 PART XI, LINE 9 Actuarial Adjustment & Provision for Uncoll Pledges 525,928 Loss on extinguishment of L/T debt (366,834) ROUNDING 2 TOTAL (159,096) Spring Properties Inc 515 Loudon Road Loudonville NY 12211 141706494 Rental NY Siena College C Corp 18500 274286 1.00000 true CHAIRTABLE REMAINDER TRUST (3) INVESTING NY NA true CHARITABLE REMAINDER TRUST (4) INVESTING NY NA true false false false true true false false false false false false false false false false false true true Spring Properties Inc (due to Siena) D 106915 Spring Properties Inc (due from Siena) E 245681 PART IV, LINE 3 THE CHARITABLE REMAINDER UNITRUSTS LISTED ON LINE 3 OF PART IV HAVE THE FOLLOWING LEGAL DOMICILES: 1 - IL 1 - FL 1 - NY