2015-05-12T10:41:06-05:00 2014-06-30 264298079 EFP ROTENBERG LLP 25 NORTH STREET CANANDAIGUA NY 14424 990 2013-07-01 166054295 KEUKA COLLEGE KEUK 3152795244 141 CENTRAL AVENUE KEUKA PARK NY 14478 JERRY HILLER VP OF FINANCE & ADMIN 3152795000 2015-05-08 1 JENNIFER ARBORE P00893012 5853405100 2015-05-08 2013 2016-03-07 17:11:31Z JERRY HILLER 141 CENTRAL AVENUE KEUKA PARK NY 14478 65961284 0 X WWW.KEUKA.EDU X 1939 NY TO CREATE EXEMPLARY CITIZENS AND LEADERS TO SERVE THE NATION AND THE WORLD OF THE 21ST CENTURY. WE PROVIDE A TRANSFORMATIONAL LIBERAL-ARTS BASED EDUCATION, STRENGTHENED BY EXPERIENTIAL LEARNING, WHICH CHALLENGES STUDENTS TO DEVELOP THEIR INTELLECTUAL CURIOSITY AND TO REALIZE, WITH PURPOSE AND INTEGRITY, THEIR FULL PERSONAL AND PROFESSIONAL POTENTIAL. 34 31 1164 1029 274558 0 2900926 3184896 48098358 47741248 212731 2263939 649512 821568 51861527 54011651 12574338 11889952 0 0 20858495 21820011 0 0 629653 17401455 17510928 50834288 51220891 1027239 2790760 53340870 54863844 24145200 23637783 29195670 31226061 X TO CREATE EXEMPLARY CITIZENS AND LEADERS TO SERVE THE NATION AND THE WORLD OF THE 21ST CENTURY. WE PROVIDE A TRANSFORMATIONAL LIBERAL-ARTS BASED EDUCATION, STRENGTHENED BY EXPERIENTIAL LEARNING, WHICH CHALLENGES STUDENTS TO DEVELOP THEIR INTELLECTUAL CURIOSITY AND TO REALIZE, WITH PURPOSE AND INTEGRITY, THEIR FULL PERSONAL AND PROFESSIONAL POTENTIAL. 0 0 39546644 11889952 48291119 SINCE ITS FOUNDING IN 1890 AS A SPIRITUALLY CENTERED COLLEGE OF LIBERAL ARTS AND PRACTICAL LEARNING, KEUKA COLLEGE HAS GRADUATED GENERATIONS OF HUMANISTS AND SCIENTISTS, CONTRIBUTIVE CITIZENS AND CARING LEADERS; WOMEN AND MEN ENERGETICALLY ENGAGED IN THE ART OF LEADING PRODUCTIVE AND FULFILLING LIVES. KEUKA COLLEGE STUDENTS ARE CHOSEN FOR REASONS OF ABILITY AND CHARACTER, AND DURING THEIR KEUKA COLLEGE YEARS, THEY DEVELOP THOSE ABILITIES, DISCOVER OTHERS THEY DID NOT KNOW THEY HAD, AND TAKE RESPONSIBILITY NOT ONLY OF THE COURSE OF THEIR EDUCATIONS, BUT THE PURSUIT OF THEIR OWN HAPPINESS.KEUKA COLLEGE OFFERS ACCREDITED LIBERAL ARTS-BASED UNDERGRADUATE AND GRADUATE DEGREE PROGRAMS AT ITS HOME CAMPUS AND ACROSS NEW YORK STATE. BUSINESS, CRIMINAL JUSTICE, SOCIAL WORK, OCCUPATIONAL THERAPY, PSYCHOLOGY, AND BIOLOGY ARE AMONG THE TOP PROGRAMS IN THE COLLEGE'S PROGRAM PORTFOLIO. AT THE ADVENT OF THE ACADEMIC YEAR, TOTAL NEW YORK ENROLLMENT WAS 1,743, INCLUDING 887 STUDENTS WHO ATTEND CLASS AT NEW YORK COMMUNITY COLLEGE OR HOSPITAL PARTNER LOCATIONS THROUGH THE ACCELERATED STUDIES FOR ADULTS PROGRAM (ASAP). ADDITIONALLY, THE COLLEGE OFFERS A BACHELOR OF SCIENCE IN MANAGEMENT PROGRAM AT PARTNER UNIVERSITIES IN CHINA (2,422 STUDENTS) AND VIETNAM (582 STUDENTS). 39546644 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 1 1 0 1 1 1 1 1 0 1 0 0 1 1 1 1 0 0 0 0 0 1 1 0 1 0 1 0 0 0 0 0 0 0 0 1 134 0 1 1164 1 1 1 0 0 0 0 1 1 0 0 0 0 X 34 31 0 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X CONTROLLER 3152795252 141 CENTRAL AVENUE KEUKA PARK NY 144780098 DR JORGE L DIAZ-HERRERA PRESIDENT 40.00 X X 274638 0 106902 DR JOSE ACEVEDO-RAMOS BOARD OF TRUSTEES 1.00 X 0 0 0 DR BARBARA SCHAEFER ALLARDICE BOARD OF TRUSTEES 1.00 X 0 0 0 DR A PAUL BRADLEY JR BOARD OF TRUSTEES 1.00 X 0 0 0 REV ELIZABETH C BUESCHEL BOARD OF TRUSTEES 1.00 X 0 0 0 REV WILLIAM A CARLSEN BOARD OF TRUSTEES 1.00 X 0 0 0 JOYCE COHEN BOARD OF TRUSTEES 1.00 X 0 0 0 LAUREN ESPOSITO STUDENT TRUSTEE 1.00 X 3649 0 0 KEITH H FAGAN BOARD OF TRUSTEES 1.00 X 0 0 0 DR NANCY F FEINSTEIN BOARD OF TRUSTEES 1.00 X 0 0 0 DR CRYSTAL J GIPS BOARD OF TRUSTEES 1.00 X 0 0 0 WILLIAM H GOODRICH BOARD OF TRUSTEES 1.00 X 0 0 0 LUANNE B GRAULICH BOARD OF TRUSTEES 1.00 X 0 0 0 G JEAN HOWARD-CHERUBIM BOARD OF TRUSTEES 1.00 X 0 0 0 DR CAROLYN KLINGE BOARD OF TRUSTEES 1.00 X 0 0 0 SALLY KUEHL BOARD OF TRUSTEES 1.00 X 0 0 0 DR JILL E MARTIN BOARD OF TRUSTEES 1.00 X 0 0 0 KATHERENE T MEISCH BOARD OF TRUSTEES 1.00 X 0 0 0 DAVID D MILLER BOARD OF TRUSTEES 1.00 X 0 0 0 ELLEN EDWARDS MUSHINSKI BOARD OF TRUSTEES 1.00 X 0 0 0 DAVID M PADDOCK BOARD OF TRUSTEES 1.00 X 0 0 0 MARTIN F PALUMBOS BOARD OF TRUSTEES 1.00 X 0 0 0 WANDA POLISSENI BOARD OF TRUSTEES 1.00 X 0 0 0 AQUA PORTER BOARD OF TRUSTEES 1.00 X 0 0 0 NICHOLAS SCHERER STUDENT TRUSTEE 1.00 X 1805 0 0 ROBERT A SCHICK BOARD OF TRUSTEES 1.00 X 0 0 0 DR HANS STELMACH BOARD OF TRUSTEES 1.00 X 0 0 0 MICHAEL SWEET BOARD OF TRUSTEES 1.00 X 0 0 0 ROBERT D TAISEY BOARD OF TRUSTEES 1.00 X 0 0 0 REV MARLOWE VN WASHINGTON BOARD OF TRUSTEES 1.00 X 0 0 0 DONALD P WERTMAN BOARD OF TRUSTEES 1.00 X 0 0 0 KATHARINE FOOTE WILHELM BOARD OF TRUSTEES 1.00 X 0 0 0 BARBARA E YUNIS BOARD OF TRUSTEES 1.00 X 0 0 0 ALAN R ZIEGLER BOARD OF TRUSTEES 1.00 X 0 0 0 JERRY HILLER VP OF FINANCE & ADMIN 40.00 X 138832 0 22303 ANNE WEED VP OF ACA 40.00 X 155795 0 11682 JAMES BLACKBURN DEAN OF STUDENTS 40.00 X 119056 0 25138 VICKIE SMITH CHAIR - OT 40.00 X 118245 0 8858 DR DEBRA GATES CHAIR OF DIVISION OF NURSING 40.00 X 107725 0 11350 AMY STOREY VP OF ADVANCEMENT & EXTERNAL AFFAIRS 40.00 X 115656 0 9277 GARY SMITH VP OF ENROLLMENT MGMT 40.00 X 178959 0 20322 1214360 0 215832 8 1 1 0 CREDO LLC 940 GOLF HOUSE ROAD W 200 WHITSETT NC 27377 CONSULTING 358204 NMS SECURITY SERVICES LLC 5600 B STREET ANCHORAGE AK 99518 SECURITY SERVICES 201838 MIKE FITZGERALD PO BOX 221 GENEVA NY 14456 BUSING 176858 FLH MEDICAL PC 196 NORTH STREET GENEVA NY 14456 MEDICAL & HEALTHCARE 124008 4 19350 361097 2804449 240763 3184896 TUITION & FEES 900099 37738559 37738559 ROOM & BOARD 900099 8231073 8231073 INTERNATIONAL EXPANSION PROGRAMS 900099 1407163 1407163 AUXILIARY ENTERPRISES 531190 364453 153170 211283 47741248 279503 279503 261720 168779 92941 92941 40331 52610 13742828 7710 11765460 642 1977368 7068 1984436 1984436 11891 19350 14752 -2861 -2861 MISCELLANEOUS FEES 900099 624098 613433 10665 DEFERRED GIVING ARRANGE 900099 107390 107390 731488 54011651 48291119 274558 2261078 54562 54562 10892846 10892846 942544 942544 741957 741957 16682202 12800074 3516168 365960 858367 858367 2148854 1537117 511343 100394 1388631 1041996 346635 124004 3357 120647 49700 49700 48920 48920 3606333 2295093 1302053 9187 349306 23283 325623 400 3410430 2307377 1037430 65623 100865 100865 3334972 3246907 88065 681499 597014 62740 21745 87309 37074 50235 487152 448126 39026 2470180 2272282 197898 463413 463413 MISCELLANEOUS EXPENSES 1043656 565299 430705 47652 MINOR CAPITAL PURCHASES 542338 272207 270131 BAD DEBTS EXPENSE 239555 239555 DUES/MEMBERSHIPS 164123 70851 74580 18692 307173 89715 217458 51220891 39546644 11044594 629653 7088679 7771767 753240 1356177 1701698 1579618 1397428 1377035 9314 28761 493961 487862 57014580 30019917 28714498 26994663 11518481 13419980 1663571 1847981 53340870 54863844 2967473 3848831 1971334 1588748 9610394 9190032 5772153 5077772 3823846 3932400 24145200 23637783 X 17793659 17627105 3042920 4518738 8359091 9080218 29195670 31226061 53340870 54863844 X 2790760 -773215 12846 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X 0 11504599 721128 1486383 201138 64552 48920 13397500 10022947 497262 1325904 248284 61882 31348 11504599 9560800 328295 163351 1204 312 27983 10022947 7536409 1197181 1105125 196476 58401 23038 9560800 5813684 548155 1626383 329532 104275 18006 7536409 0.07000 0.68000 0.25000 1 0 41850 41850 1808700 43244753 23287692 21765761 8390840 4787723 3603117 3528437 1944502 1583935 26994663 457B PLAN LIABILITIES 359107 ASSET RETIREMENT OBLIGATION 1238153 DEFERRED GIVING OBLIGATIONS 806936 REFUNDABLE GOVERNMENT LOAN FUNDS 1520187 UNREALIZED LOSS ON INTEREST RATE SWAP 8017 3932400 X 41597729 -773215 181625 -591590 42189319 11822333 11822333 54011652 39567337 168779 168779 39398558 11822333 11822333 51220891 PART III, LINE 1A: THE COLLEGES COLLECTIONS INCLUDE WORKS OF ART, SCULPTURES AND OTHER ITEMS OF COLLECTIBLE SIGNIFICANCE THAT ARE MAINTAINED IN THE COLLEGES LIBRARY ART GALLERY AND IN VARIOUS LOCATIONS ACROSS CAMPUS. THESE COLLECTIONS ARE PROTECTED AND PRESERVED FOR PUBLIC EXHIBITION AND EDUCATION. EACH OF THE ITEMS IS CATALOGED, PRESERVED AND CARED FOR CONTINUOUSLY. THE COLLECTIONS ARE SUBJECT TO A POLICY THAT REQUIRES PROCEEDS FROM THEIR SALES TO BE USED TO ACQUIRE OTHER ITEMS OR COLLECTIONS. THE COLLEGE HAS NO PLANS TO SELL THESE COLLECTIONS. THE COLLECTIONS, WHICH WERE ACQUIRED THROUGH CONTRIBUTIONS, ARE NOT RECOGNIZED AS ASSETS IN THE STATEMENT OF FINANCIAL POSITION. CONTRIBUTED COLLECTION ITEMS ARE NOT RECORDED IN THE FINANCIAL STATEMENTS. PART III, LINE 4: THE WORKS OF ART, SCULPTURES AND OTHER ITEMS OF COLLECTIBLE SIGNIFICANCE ARE ON EXHIBITION FOR STUDENTS IN AN EFFORT TO ENHANCE STUDENTS KNOWLEDGE AND APPRECIATION OF ART TO FOSTER PERSONAL AND ACADEMIC DEVELOPMENT WHILE VALUING CULTURE AND DIVERSITY. PART V, LINE 4: THE COLLEGES ENDOWMENT CONSISTS OF APPROXIMATELY 100 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES. ITS TOTAL ENDOWMENT INCLUDES BOTH DONOR-RESTRICTED ENDOWMENT FUNDS AND FUNDS DESIGNATED BY THE TRUSTEES TO FUNCTION AS ENDOWMENTS. THE COLLEGE HAS ADOPTED INVESTMENT AND SPENDING POLICIES FOR ENDOWMENT ASSETS THAT ATTEMPT TO PROVIDE A PREDICTABLE STREAM OF FUNDING TO PROGRAMS SUPPORTED BY ITS ENDOWMENT WHILE SEEKING TO MAINTAIN PURCHASING POWER OF THE ENDOWMENT ASSETS. PART X, LINE 2: INCOME TAXES - THE COLLEGE IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)3 OF THE INTERNAL REVENUE CODE. HOWEVER, INCOME FROM CERTAIN ACTIVITIES NOT DIRECTLY RELATED TO THE COLLEGE'S TAX-EXEMPT PURPOSE IS SUBJECT TO TAXATION AS UNRELATED BUSINESS INCOME. IN ACCORDANCE WITH ASC 740-10-50, THE COLLEGE WOULD RECOGNIZE TAX BENEFITS FROM UNCERTAIN TAX POSITIONS ONLY IF IT MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY THE TAXING AUTHORITIES. MANAGEMENT BELIEVES THAT THE COLLEGE IS CURRENTLY OPERATING IN COMPLIANCE WITH THE APPLICABLE REQUIREMENTS OF THE INTERNAL REVENUE CODE. THEREFORE, NO LIABILITY FOR UNRECOGNIZED TAX BENEFITS HAS BEEN INCLUDED ON THE COLLEGE'S FINANCIAL STATEMENTS. THE EXEMPT COLLEGE'S INFORMATION RETURNS ARE SUBJECT TO AUDIT BY VARIOUS TAXING AUTHORITIES AND ITS OPEN AUDIT PERIODS ARE 2010 THROUGH 2012. PART XI, LINE 2D - OTHER ADJUSTMENTS: UNREALIZED GAIN ON INTEREST RATE SWAP 12,846. RENTAL EXPENSES 168,779. PART XI, LINE 4B - OTHER ADJUSTMENTS: FUNDED & UNFUNDED STUDENT AID 11,822,333. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 168,779. PART XII, LINE 4B - OTHER ADJUSTMENTS: FUNDED & UNFUNDED STUDENT AID 11,822,333. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 INCLUDED IN VARIOUS COLLEGE BROCHURES AND ON COLLEGE WEBSITE SCHEDULE E, PART I, LINE 6 34A THE COLLEGE RECEIVES FINANCIAL AID FROM STATE AND FEDERAL AGENCIES THAT IS PASSED TO THE COLLEGE'S STUDENTS. THE COLLEGE FILES THE APPROPRIATE REPORTS WITH THE FEDERAL AUDIT CLEARINGHOUSE AND THE DEPARTMENT OF EDUCATION. REVENUES AND EXPENSES FROM THIS AID ARE CONSIDERED AGENCY FUNDS AND ARE NOT RECORDED AS REVENUES AND EXPENSES OF THE COLLEGE. 1 EAST ASIA 5 1 PROGRAM SERVICES PAYMENT TO AGENT RECRUITING 31500 SUBSAHARAN AFRICA 0 1 PROGRAM SERVICES PAYMENT TO AGENT RECRUITING 6119 EAST ASIA 5 1 PROGRAM SERVICES STUDENT SUPPORT SERVICES 30000 EAST ASIA & THE PACIFIC 8 6 PROGRAM SERVICES IN-COUNTRY TRAVEL & MEALS 11982 18 9 0 0 18 9 79601 0 79601 EAST ASIA & THE PACIFIC RECRUITING 31500 WIRE FMV EAST ASIA & THE PACIFIC STUDENT SUPPORT 30000 WIRE FMV SUB-SAHARAN AFRICA RECRUITING 6119 CHECK FMV 0 3 QUALIFIED TUITION SCHOLARSHIP EAST ASIA & THE PACIFIC 47 588173 APPLIED TO ACCOUNT FMV QUALIFIED TUITION SCHOLARSHIP MIDDLE EAST 1 15000 APPLIED TO ACCOUNT FMV QUALIFIED TUITION SCHOLARSHIP SUB-SAHARAN AFRICA 11 163590 APPLIED TO ACCOUNT FMV QUALIFIED TUITION SCHOLARSHIP NORTH AMERICA 6 108162 APPLIED TO ACCOUNT FMV 0 0 0 0 0 0 PART I, LINE 2: GRANTS ARE AWARDED TO FOREIGN PERSONS THAT ARE IN THE UNITED STATES ATTENDING KEUKA COLLEGE. GRANTS ARE APPLIED TO THE STUDENT'S ACCOUNT AS A REDUCTION TO TUITION. GRANTS ARE MONITORED TO DETERMINE TAXABILITY. KEUKA DOES NOT GRANT AWARDS FOR ANYTHING OTHER THAN TUITION. GOLF TOURNAMENT 31241 19350 11891 1000 4061 4224 5070 397 31241 19350 11891 1000 4061 4224 5070 397 14752 -2861 1 CORNING COMMUNITY COLLEGE 1 ACADEMIC DRIVE CORNING NY 14830 160743905 9427 SCHOLARSHIPS FINGER LAKES COMMUNITY COLLEGE 3325 MARVIN SANDS DRIVE CANANDAIGUA NY 14424 161336514 18422 SCHOLARSHIPS ONONDAGA COMMUNITY COLLEGE 4585 WEST SENENCA TURNPIK SYRACUSE NY 13215 160973001 10441 SCHOLARSHIPS GENESEE COMMUNITY COLLEGE 1 COLLEGE ROAD BATAVIA NY 14020 160920402 7078 SCHOLARSHIPS MOHAWK VALLEY COMMUNITY COLLEGE 1101 SHERMAN DRIVE UTICA NY 13501 161020948 9194 SCHOLARSHIPS 5 0 KEUKA GRANTS 955 10892846 BOOK PART I, LINE 2: AWARDING OF INSTITUTIONAL AID IS DRIVEN BY THE AWARD THE STUDENT RECEIVES UPON ENTRANCE TO KEUKA COLLEGE. COMING IN AS A NEW STUDENT, THE ADMISSIONS AND FINANCIAL AID SCHOLARSHIP COMMITTEE FIRST DETERMINES IF THE STUDENT IS ELIGIBLE FOR MERIT BASED AWARDS. THESE AWARDS ARE BASED ON ACADEMIC AND CO-CURRICULAR ACTIVITIES. EACH STUDENT IS THEN COMPARED TO A FINANCIAL AID AWARDING MATRIX WHICH IS COMPRISED OF VARYING NEED LEVELS FOR GRANT FUNDING, CAMPUS BASED AID AND CAMPUS EMPLOYMENT. STUDENTS ARE PLACED ON THIS GRID BY USING THE ADMISSIONS SCHOLARSHIP CRITERIA TO DETERMINE THEIR RATING AND THEN THEIR FINANCIAL NEED FACTOR AS DETERMINED BY THE FREE APPLICATION FOR FEDERAL STUDENT AID (FAFSA) FOR THAT ACADEMIC YEAR. STUDENT AWARDS ARE REVIEWED ON A YEARLY BASIS TO DETERMINE THEIR ELIGIBILITY. TYPICALLY A STUDENT AWARD WILL NOT CHANGE UNLESS FINANCIAL NEED OR ACADEMIC PROGRESS CHANGES. TUITION BASED AWARDS WILL INCREASE/DECREASE WITH THE VALUE OF TUITION EACH YEAR. INSTITUTIONAL AID IS PLACED ON THE STUDENTS ACCOUNT TYPICALLY IN TWO EQUAL DISBURSEMENTS (FALL AND SPRING). THESE DISBURSEMENTS ARE NOT RELEASED UNTIL ALL REQUIRED DOCUMENTATION IS COMPLETE IN THE STUDENT'S FILE. DISBURSEMENTS ARE MADE 10 DAYS PRIOR TO THE START OF CLASSES EACH SEMESTER. INSTITUTIONAL GRANTS ARE AWARDED TO TRADITIONAL UNDERGRADUATE, INTERNATIONAL STUDENTS AND A LIMITED NUMBER OF STUDENTS IN THE GRADUATE AND ACCELERATED STUDY PROGRAM. X X X 1 1 X X X X X 0 0 0 0 0 0 0 0 0 DR JORGE L DIAZ-HERRERA PRESIDENT 249919 0 0 0 24719 0 18013 0 88889 0 381540 0 0 0 JERRY HILLER VP OF FINANCE & ADMIN 138832 0 0 0 0 0 10419 0 11884 0 161135 0 0 0 ANNE WEED VP OF ACA 155795 0 0 0 0 0 11295 0 387 0 167477 0 0 0 JAMES BLACKBURN DEAN OF STUDENTS 111561 0 0 0 7495 0 8658 0 16480 0 144194 0 0 0 VICKIE SMITH CHAIR - OT 118245 0 0 0 0 0 8573 0 285 0 127103 0 0 0 DR DEBRA GATES CHAIR OF DIVISION OF NURSING 107725 0 0 0 0 0 7632 0 3718 0 119075 0 0 0 AMY STOREY VP OF ADVANCEMENT & EXTERNAL AFFAIRS 98755 0 0 0 16901 0 0 0 9277 0 124933 0 0 0 GARY SMITH VP OF ENROLLMENT MGMT 164824 0 0 0 14135 0 13036 0 7286 0 199281 0 0 0 A YATES COUNTY CAPITAL RESOURCE CORPORATION (YATES COUNTY CRC) 161130714 2010-09-02 10500000 REFUND PRIOR ISSUES AND NEW SPENDING FOR RENOVATIONS AND IMPROVEMENTS 0 0 0 A 1309968 10500000 210000 218480 1339057 8732463 2012 1 0 1 1 A 0 1 1 1 0 0.01140 0.01140 0 0 1 A 0 0 1 0 1 0 0 0 0 A 1 SHCEDULE K, PART I REFUND PRIOR YEAR ISSUES 1/30/2003, 12/29/2004, 4/29/2007 AND NEW SPENDING FOR RENOVATIONS AND IMPROVEMENTS. JOSEPH BURKE FORMER PRESIDENT SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN PREMIUMS X 150000 171370 0 1 1 171370 LAUREN M ESPOSITO STUDENT TRUSTEE AND SCHOLARSHIP RECIPIENT 1200 KEUKA COLLEGE SCHOLARSHIP NICHOLAS A SCHERER STUDENT TRUSTEE AND SCHOLARSHIP RECIPIENT 1869 KEUKA GRANT JULIAN DIAZ DEPENDENT OF PRESIDENT OF COLLEGE 26010 TUITION REMISSION YANG ZHAO WIFE OF GARY SMITH, VP ENROLLMENT MGMT 59824 ASSISTANT PROFESSOR OF INTERNATIONAL MANAGEMENT. 0 X 649 ESTIMATED FMV X 10 239919 FMV AT DATE OF DONATION X CAMERAS 3 110 ESTIMATED FAIR MARKE X POINSETTIAS F 5 85 ESTIMATED FAIR MARKE X 3-WHEEL POWER 1 0 ESTIMATED FAIR MARKE 0 1 1 PART I, LINE 32B: BANK'S WEALTH STRATEGIES GROUP TO ACCEPT AND SELL STOCKS GIVEN TO THE COLLEGE THROUGH THEIR DTC SYSTEM. FORM 990, PART VI, SECTION A, LINE 4 THE COLLEGES BYLAWS WERE UPDATED IN JUNE 2014 FOR REVISIONS TO COMMITTEE NAMES THAT WERE CHANGED TO MATCH THE REVISED NAMES OF DEPARTMENTS. THE VP OF COLLEGE ADVANCEMENT IS NOW THE VP OF ADVANCEMENT AND EXTERNAL AFFAIRS. THE VP OF ENROLLMENT OF MANAGEMENT AND MARKETING IS NOW VP OF ENROLLMENT MANAGEMENT. FORM 990, PART VI, SECTION B, LINE 11 THE CONTROLLER VERIFIES THE ACCURACY OF THE 990 IN DETAIL. IT IS THEN REVIEWED IN DETAIL WITH THE ENTIRE AUDIT COMMITTEE. ALL INDIVIDUALS ARE PROVIDED WITH COPIES OF THE FORM 990. IN ADDITION, THE FULL BOARD REVIEWS THE SALARY DISCLOSURES AND ARE PROVIDED WITH A FINAL COPY OF THE 990. FORM 990, PART VI, SECTION B, LINE 12C FOR THE BOARD OF TRUSTEES, WRITTEN CONFLICT OF INTEREST FORMS ARE SUBMITTED ANNUALLY AND REVIEWED BY THE EXECUTIVE COMMITTEE, THE VP OF FINANCE & ADMINISTRATION AND WHEN NEEDED, THE COLLEGE ATTORNEY. FOR EMPLOYEES AND STAFF, THE BUSINESS OFFICE, WITH LEADERSHIP BY THE VP OF FINANCE & ADMINISTRATION AND THE SUPPORT OF HUMAN RESOURCES, MONITORS ALL BUSINESS RELATIONSHIPS BETWEEN THE COLLEGE AND EMPLOYEES. IN ADDITION, THE PROVOST ASSISTS IN MONITORING ACADEMIC ACTIVITIES FOR POSSIBLE CONFLICTS OF INTEREST. THE COLLEGE HAS ADOPTED A "WHISTLEBLOWER" POLICY. FORM 990, PART VI, SECTION B, LINE 15 THE PRESIDENTIAL DEVELOPMENT COMMITTEE(PDC) OF THE BOARD EVALUATED THE PRESIDENT BASED ON 6 KEY AREAS THAT THE COMMITTEE AND THE PRESIDENT AGREED UPON. THE PDC THEN RECOMMENDED THE PRESIDENT'S SALARY ADJUSTMENT TO THE EXECUTIVE COMMITTEE WHO IN-TURN FURTHERED IT TO THE FULL BOARD. ALSO, DURING THE FISCAL YEAR 2009-10, THE COLLEGE LOANED $50,000 TO THE FORMER PRESIDENT OF THE COLLEGE TO COVER THE PREMIUMS ON A SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN (SERP). DURING THE FISCAL YEAR 2010-11, THE COLLEGE LOANED AN ADDITIONAL $100,000 TO THE FORMER PRESIDENT OF THE COLLEGE TO COVER THESE PREMIUMS. UNDER THE TERMS OF THE AGREEMENT, THE COLLEGE WILL RECEIVE THE PRINCIPAL AMOUNT, PLUS INTEREST AFTER THE DEATHS OF BOTH THE FORMER PRESIDENT AND HIS SPOUSE. THE LOAN IS SECURED BY THE INSURANCE POLICY OF THE FORMER PRESIDENT. THE PRESIDENT ANNUALLY REVIEWS THE PERFORMANCE OF THE VICE PRESIDENTS. ANY SALARY ADJUSTMENTS OF THE VICE PRESIDENTS ARE GRANTED AFTER AN EVALUATION WITH COMPARABLE EXECUTIVE SALARIES OF PEER COLLEGES, WITHIN AN ESTABLISHED RANGE. THE PRESIDENT DETERMINES THE SALARY ADJUSTMENTS AND REPORTS THEM TO THE COMPENSATION COMMITTEE WHO IN TURN INFORMS THE EXECUTIVE COMMITTEE. ANY SALARY ADJUSTMENTS OUTSIDE OF THE COMPARABILITY RANGE MUST BE APPROVED BY THE COMPENSATION AND EXECUTIVE COMMITTEE. FORM 990, PART VI, SECTION C, LINE 19 THESE DOCUMENTS ARE AVAILABLE BY REQUEST IN THE COLLEGE BUSINESS OFFICE. FORM 990, PART XI, LINE 9: UNREALIZED GAIN ON INTEREST RATE SWAP 12,846. FORM 990, PART XII, LINE 2C: THE PROCESS FOR THE REVIEW OF THE AUDIT REPORT HAS NOT CHANGED FROM THE PRIOR YEAR.