2015-06-18T11:33:19-05:00 2014-08-31 GRANT THORNTON LLP 757 THIRD AVE 2ND FLOOR NEW YORK NY 100172013 990 2013-09-01 135604699 Wagner College % JOHN A CARRESCIA WAGN 7183903315 One Campus Road Suite Staten Island NY 10301 JOHN CARRESCIA CONTROLLER 7184204264 2015-06-17 true Daniel Romano P00504182 7184204264 2013 2016-03-07 17:11:31Z RICHARD GUARASCI ONE CAMPUS ROAD STATEN ISLAND NY 10301 214679897 false X www.wagner.edu X 1883 NY WAGNER COLLEGE PREPARES STUDENTS FOR LIFE, AS WELL AS FOR CAREERS, BY EMPHASIZING SCHOLARSHIP, ACHIEVEMENT, LEADERSHIP, AND CITIZENSHIP. SEE SCHEDULE O 24 23 1581 23 52415 -920 5695486 5554265 91857193 97652528 5478933 12734590 623657 732962 103655269 116674345 31253360 33180586 0 0 39697784 39341885 0 0 2822101 29984278 32518601 100935422 105041072 2719847 11633273 184491000 192972993 100300329 98254111 84190671 94718882 X WAGNER COLLEGE PREPARES STUDENTS FOR LIFE, AS WELL AS FOR CAREERS, BY EMPHASIZING SCHOLARSHIP, ACHIEVEMENT, LEADERSHIP, AND CITIZENSHIP. WAGNER COLLEGE OFFERS A COMPREHENSIVE EDUCATIONAL PROGRAM THAT IS ANCHORED IN THE LIBERAL ARTS, EXPERIENTIAL AND CO-CURRICULAR LEARNING, INTERCULTURALISM, INTERDISCIPLINARY STUDIES, AND SERVICE TO SOCIETY, AND THAT IS CULTIVATED BY A FACULTY DEDICATED TO PROMOTING INDIVIDUAL EXPRESSION, REFLECTIVE PRACTICE, AND INTEGRATIVE LEARNING. false false 54853511 33180586 80481877 INSTRUCTION AND SCHOLARSHIPS/FELLOWSHIPS: WAGNER COLLEGE SERVES 2,246 STUDENTS (FALL 2013 SEMESTER). WAGNER OFFERS PROGRAMS IN HUMANITIES, PERFORMING AND VISUAL ARTS, PROFESSIONAL PROGRAMS, THE SCIENCES, SOCIAL SCIENCES AND INTERDISCIPLINARY PROGRAMS. THE COLLEGE GRANTS THE DEGREES OF BACHELOR OF ARTS, BACHELOR OF SCIENCE, AND BACHELOR OF SCIENCE IN EDUCATION, MASTER OF BUSINESS ADMINISTRATION, MASTER OF SCIENCE IN EDUCATION, MASTER OF SCIENCE IN ACCOUNTING, MASTER OF SCIENCE IN NURSING, MASTER OF SCIENCE IN MICROBIOLOGY, MASTER OF SCIENCE IN ADVANCED PHYSICIAN ASSISTANT, AND EXECUTIVE MASTER IN BUSINESS ADMINISTRATION. SCHOLARSHIPS AND FELLOWSHIPS ARE AWARDED TO APPROXIMATELY 90% OF ALL FULL-TIME STUDENTS, THROUGH THE COLLEGE'S FINANCIAL AID OFFICE. 16414678 0 0 STUDENT SERVICES AND ACADEMIC SUPPORT: STUDENT SERVICES FOR 2,246 STUDENTS INCLUDE DEAN OF STUDENTS, ACADEMIC ADVISEMENT, ADMISSIONS, CHAPLAIN, CAREER PLANNING, HEALTH SERVICES, FINANCIAL AID, ORIENTATION, REGISTRAR COUNSELING, STUDENT GOVERNMENT, STUDENT ACTIVITIES BOARD, CAMPUS LIFE, AND SECURITY, AS WELL AS ATHLETIC SERVICES CONSISTING OF 18 VARSITY SPORTS TEAMS FOR MEN AND WOMEN. ACADEMIC SUPPORT SERVICES FOR 2,246 STUDENTS INCLUDE ACADEMIC AFFAIRS, TECHNOLOGY SERVICES, LIBRARY, LANGUAGE LAB, MEDIA SERVICES, NURSING LAB, AND SPIRO COMPUTER LAB. 13430191 0 17170651 Auxiliary services: Wagner college provides residence and dining services to approximately 80% of full-time undergraduate students. 84698380 true true false false false false false false false true true true false false true true true false true false true false false false true false false false true true true false false false false false false false false true false true false false false false false false false false true 275 0 true 1581 true true true false false false false true true false false false false X 24 23 false false false false false false false true true false false true true true true true false true true false X JOHN A CARRESCIA 7184204264 ONE CAMPUS ROAD staten island NY 10301 X WARREN PROCCI TRUSTEE AND CHAIR 1.0 X X 0 0 0 JEFFREY D FORCHELLI TRUSTEE AND VICE CHAIR 1.0 X X ALETTA KIPP DIAMOND TRUSTEE AND SECRETARY 1.0 X X DAVID FRIEDMAN TRUSTEE 1.0 X PAUL HADDAD TRUSTEE 1.0 X NANCI Z KAUFFMAN TRUSTEE 1.0 X MARC LEBOVITZ TRUSTEE 1.0 X POLLY PECK-MOLES TRUSTEE 1.0 X DIANNE M POWERS TRUSTEE AND TREASURER 1.0 X X WILLIAM RENSHAW TRUSTEE 1.0 X BISHOP ROBERT RIMBO TRUSTEE 1.0 X MAUREEN ROBINSON TRUSTEE 1.0 X KIMBERLY H SPIRO TRUSTEE 1.0 X ANDREW CORTESE TRUSTEE 1.0 X RICHARD GRASSO TRUSTEE 1.0 X JOHN H MYERS TRUSTEE 1.0 X LORRAINE MCNEILL POPPER TRUSTEE 1.0 X RICHARD GUARASCI PRESIDENT AND TRUSTEE 60.0 X X 347865 99509 RICHARD MORGAN TRUSTEE 1.0 X MARY CARACAPPA-HURTADO TRUSTEE 1.0 X ALEX FOX TRUSTEE 1.0 X LOUISE KAUFMAN TRUSTEE 1.0 X LAURA GRAHAM TRUSTEE 1.0 X 0 0 0 ANGELO G ARAIMO VP ENROLLMENT AND PLANNING 50.0 X 173632 36884 WILLIAM E MEA VP FINANCE AND BUSINESS 50.0 X 199381 79559 JOSEPH F ROMANO VP AND CHIEF OF STAFF 50.0 X 134750 18819 LILY D MCNAIR PROVOST & VP ACADEMIC AFFAIRS 50.0 X 178503 72383 RUTA SHAH-GORDON ASSISTANT VP CAMPUS LIFE 50.0 X 101754 29718 DAVID J MARTIN VP ADMINISTRATION 50.0 X 139135 13590 FRANKLIN W YOUNG INTERIM VP INSTITUTIONAL ADVAN 50.0 X 141418 20211 BASHIR MASON HEAD MEN'S BASKETBALL COACH 50.0 X 210226 22552 WALTER C HAMELINE DIRECTOR OF ATHLETICS 50.0 X 206501 44439 JOHN A CARRESCIA ASSISTANT VP AND CONTROLLER 50.0 X 128664 0 33138 THOMAS MASELLA ASSOCIATE HEAD FOOTBALL COACH 50.0 X 124928 30829 GARY SULLIVAN PROFESSOR 50.0 X 117666 10486 2204423 0 512117 34 false true false LACKMANN CULINARY SERVICES PO BOX 417632 BOSTON MA 02241 FOOD SERVICES 5910781 ALLTERIOR CONTRACTING CORP 2521 49TH STREET ASTORIA NY 11103 CONSTRUCTION SVCS 1511493 CENTRIFUGAL ASSOCIATES GROUP LLC 485 SEVENTH AVENUE NEW YORK NY 10018 CONSTRUCTION SVCS 1465889 JENZABAR INC PO BOX 55018 BOSTON MA 02205 SOFTWARE/COMP SVCS 502434 MARVEL CONTRACTING SERVICE INC 58-19 230TH STREET OAKLAND GARDENS NY 11364 CONSTRUCTION SVCS 501711 31 24375 768882 4761008 228498 5554265 TUITION AND FEES 611600 79955157 79955157 AUXILIARY ENTERPRISES 611710 17170651 17120236 50415 EARLY CHILDHOOD CENTER 611710 410493 410493 THEATER 611600 116227 116227 97652528 1922574 1922574 0 0 75000 75000 0 75000 75000 108764486 97952470 10812016 10812016 10812016 35520 24375 53082 -17562 -17562 0 0 FINES AND FEES 900099 102729 102729 FERRY VAN INCOME 480000 80000 80000 OTHER INTEREST AND GAINS 900099 23162 23162 469633 2000 467633 675524 116674345 97602113 52415 13465552 0 33180586 33180586 0 0 1396080 490000 858480 47600 124606 98936 25670 26087871 18726166 6411608 950097 2236190 1677143 447237 111810 7528866 5646650 1505773 376443 1968272 1476204 393654 98414 0 150787 150787 202514 202514 0 0 483621 483621 751093 563320 150219 37554 367520 275640 73504 18376 8770904 6578178 1754181 438545 432504 324378 86501 21625 0 4946738 3710054 989348 247336 1850634 1387976 370127 92531 0 392318 294239 78464 19615 1608455 1608455 0 4776305 3582229 955261 238815 880188 270016 610172 DINING 4951596 4951596 HOSPITALITY 879138 659354 175828 43956 SUBSCRIPTIONS 455870 341903 91174 22793 MEMBERSHIPS 222039 166529 44408 11102 396377 297283 79275 19819 105041072 84698380 17520591 2822101 0 0 13234833 12588182 2657627 1336364 2777119 3464223 0 0 0 0 2766175 2748756 46792 49312 1098973 1304834 145104428 65195070 77655445 79909358 72347039 73089723 2053053 11406840 0 0 0 0 9853944 7075401 184491000 192972993 4496818 3133065 0 0 16677814 15528231 53223231 52121013 0 0 0 0 20067412 20950372 0 0 5835054 6521430 100300329 98254111 X 20665511 24053307 24650504 30342929 38874656 40322646 84190671 94718882 184491000 192972993 X 11633273 -1359545 254483 X false true X true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 71787477 836452 9739682 384992 2595166 79383453 46434592 24424477 3160915 333384 1899123 71787477 46002845 497305 2131936 298530 1898964 46434592 40417624 3245408 3896148 179036 1377299 46002845 37404464 708336 2409745 7000 97921 40417624 0.31782 0.50795 0.17423 false false 4393475 4393475 118079408 49291141 68788267 17536085 13251393 4284692 5095460 2652536 2442924 79909358 FINANCIAL DERIVATIVES 10580639 F FUNDS HELD IN TRUST 826201 F 11406840 0 REFUNDABLE FEDERAL GRANTS 2957441 ASSET RETIREMENT OBLIGATIONS 2144598 POSTRETIREMENT BENEFIT 93015 STUDENT DEPOSITS 432674 AMOUNTS HELD FOR OTHERS 188659 CAPITAL LEASE OBLIGATION 705043 6521430 X 81905076 -1359545 201401 -1158144 83063220 483621 33127504 33611125 116674345 71376865 71376865 483621 33180586 33664207 105041072 Endowment Funds FORM 990, SCHEDULE D, PART V, LINE 4 WAGNER COLLEGE MAINTAINS AN ENDOWMENT FUND FOR ALL CONTRIBUTIONS TO THE COLLEGE THAT ARE PERMANENTLY RESTRICTED BY THE DONOR. PERMANENTLY RESTRICTED CONTRIBUTIONS ARE ALL GIFTS GIVEN TO THE COLLEGE FOR WHICH THE DONOR INSTRUCTS THE COLLEGE NEVER TO SPEND THE ORIGINAL GIFT. OFTEN, WHEN CONTRIBUTORS GIVE PERMANENTLY RESTRICTED GIFTS TO THE COLLEGE, THEY WILL ALLOW THE INCOME EARNED ON THE FUNDS TO BE USED FOR VARIOUS PURPOSES. SUCH INCOME IS CLASSIFIED AS TEMPORARILY RESTRICTED ENDOWMENT NET ASSETS; THESE ASSETS ARE PRINCIPALLY USED FOR PLANT PROJECTS, LAND IMPROVEMENTS, AND VARIOUS PROGRAM SUPPORT. SOME OF THESE ASSETS MAY ALSO BE USED FOR SCHOLARSHIPS IF SO DIRECTED BY THE DONOR. OTHER TEMPORARILY RESTRICTED NET ASSETS MAY ALSO BE TIME RESTRICTED. THE COLLEGE'S ENDOWMENT CONSISTS OF APPROXIMATELY 200 INDIVIDUAL DONOR-RESTRICTED FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES. THE COLLEGE HAS AN ENDOWMENT SPENDING POLICY FOR ENDOWMENT FUNDS THAT DO NOT HAVE A SPENDING POLICY PRESCRIBED IN THE GIFT DOCUMENT. THE COLLEGE'S ENDOWMENT TOTALS $79,383,453 AS OF AUGUST 31, 2014, OF WHICH $40,322,646 IS CLASSIFIED AS PERMANENTLY RESTRICTED NET ASSETS, $13,831,198 IS CLASSIFIED AS TEMPORARILY RESTRICTED NET ASSETS, AND $25,229,609 IS CLASSIFIED AS UNRESTRICTED NET ASSETS. THE UNRESTRICTED ENDOWMENT NET ASSETS REPRESENT BOARD-DESIGNATED ENDOWMENT FUNDS. Accounting for Uncertainty in Income Taxes Part X, Line 2 THE COLLEGE HAS BEEN CLASSIFIED AS A SECTION 501(C)(3) ORGANIZATION AND IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(A) OF THE INTERNAL REVENUE CODE AND SIMILAR PROVISIONS UNDER NEW YORK STATE TAX LAWS. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN REFLECTED IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE COLLEGE FOLLOWS GUIDANCE THAT 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 REQUIRES THAT A TAX POSITION BE RECOGNIZED OR DERECOGNIZED BASED ON A "MORE LIKELY THAN NOT" THRESHOLD, AND APPLIES TO POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. DURING THE YEARS ENDED AUGUST 31, 2014 AND 2013, THE COLLEGE EVALUATED ITS TAX POSITIONS AND CONCLUDED THAT IT DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT MEET THE CRITERIA UNDER THE STANDARD. THE TAX YEARS ENDING AUGUST 31, 2011, 2012, 2013, AND 2014 ARE STILL OPEN TO AUDIT FOR BOTH FEDERAL AND STATE PURPOSES. THE COLLEGE HAS PROCESSES PRESENTLY IN PLACE TO ENSURE THE MAINTENANCE OF ITS TAX-EXEMPT STATUS; IDENTIFY AND REPORT UNRELATED INCOME; DETERMINE ITS FILING AND TAX OBLIGATIONS IN JURISDICTIONS FOR WHICH IT HAS NEXUS; AND, IDENTIFY AND EVALUATE OTHER MATTERS THAT MAY BE CONSIDERED TAX POSITIONS. Reconciliation of Revenue per Audited FS with Revenue per Form 990 PART XI, Line 2d $201,401 REPRESENT THE TOTAL GAINS ON THE COLLEGE'S DERIVATIVE INSTRUMENT (INTEREST RATE SWAP) FOR THE FISCAL YEAR. PART XI, LINE 4B $33,127,504 REPRESENTS TOTAL SCHOLARSHIPS AND FELLOWSHIPS FOR THE FISCAL YEAR OF $33,180,586 LESS TOTAL EXPENSES RELATED TO THE GOLF CLASSIC FUNDRAISING EVENT OF $53,082 FOR THE FISCAL YEAR. Reconciliation of Expenses per Audited FS with Expenses per Form 990 PART XII, lINE 4b $33,180,586 REPRESENTS TOTAL SCHOLARSHIPS AND FELLOWSHIPS FOR THE FISCAL YEAR. true true true true true true true false false false false false false false false true false true Part I, line 3 THE FOLLOWING POLICY APPEARS IN THE ADMISSIONS SECTION OF THE WAGNER COLLEGE BULLETIN - "WAGNER COLLEGE ADMITS STUDENTS OF ANY RACE, AGE, SEX, RELIGION, OR ETHNIC AND NATIONAL ORIGIN." PART I, LINE 6A THE COLLEGE RECEIVES GRANTS FROM GOVERNMENT AGENCIES TO SUPPORT ITS OPERATIONS AND THE EDUCATIONAL PROGRAMS OF THE ORGANIZATION. Central America and the Caribbean Investments 915000 915000 915000 false false false false false false PART I, LINE 3, COLUMN F THIS AMOUNT REFLECTS THE BOOK VALUE OF INVESTMENTS AT AUGUST 31, 2014. GOLF CLASSIC 59895 24375 35520 500 38570 14012 0 59895 24375 35520 500 38570 14012 53082 -17562 true SCHOLARSHIPS & FELLOWSHIPS 1900 33180586 FMV TUITION CREDIT PART I, LINE 2 WAGNER COLLEGE MONITORS THE USE OF SCHOLARSHIP FUNDS IN THE UNITED STATES BY ENSURING THAT ALL STUDENTS WHO RECEIVE SCHOLARSHIP MONIES ARE ALWAYS REGISTERED AS STUDENTS OF THE COLLEGE. MANY DEPARTMENTS WITHIN THE COLLEGE WORK IN CONJUNCTION TO ENSURE THAT SCHOLARSHIP FUNDS ARE MONITORED EFFICIENTLY AND EFFECTIVELY. THE ADMISSIONS OFFICE REVIEWS ALL STUDENT APPLICATIONS, AND DETERMINES WHO IS ELIGIBLE TO RECEIVE SCHOLARSHIPS. THE FINANCE AND BUSINESS OFFICE DRAWS DOWN FUNDS FOR SCHOLARSHIPS AND GRANTS. THE FINANCIAL AID OFFICE AWARDS SCHOLARSHIPS AND GRANTS TO STUDENTS, AND THE REGISTRAR'S OFFICE MONITORS AND MAINTAINS ALL RECORDS REGARDING THE REGISTERED STATUS OF STUDENTS. PART III, LINE 1, COLUMN B WAGNER COLLEGE ESTIMATES THAT APPROXIMATELY 90% OF ALL FULL-TIME STUDENTS RECEIVE SOME SORT OF FINANCIAL ASSISTANCE BY THE COLLEGE. THEREFORE, THE NUMBER OF RECIPIENTS OF GRANTS AND OTHER ASSISTANCE BY WAGNER COLLEGE IS ESTIMATED BY TAKING 90% OF THE TOTAL FTE ENROLLMENT FOR THE FALL 2013 SEMESTER (2,111 FTES), RESULTING IN APPROXIMATELY 1,900 RECIPIENTS. X X true true X X X X false true false false false false false false false RICHARD GUARASCI PRESIDENT AND TRUSTEE 338329 9536 25500 74009 447374 ANGELO G ARAIMO VP ENROLLMENT AND PLANNING 172804 828 17833 19051 210516 WILLIAM E MEA VP FINANCE AND BUSINESS 198393 988 18482 61077 278940 JOSEPH F ROMANO VP AND CHIEF OF STAFF 134143 607 12575 6244 153569 LILY D MCNAIR PROVOST & VP ACADEMIC AFFAIRS 176903 1600 18167 54216 250886 DAVID J MARTIN VP ADMINISTRATION 138000 1135 13590 0 152725 FRANKLIN W YOUNG INTERIM VP INSTITUTIONAL ADVAN 137913 3505 13967 6244 161629 BASHIR MASON HEAD MEN'S BASKETBALL COACH 210003 223 16308 6244 232778 WALTER C HAMELINE DIRECTOR OF ATHLETICS 204389 2112 15939 28500 250940 JOHN A CARRESCIA ASSISTANT VP AND CONTROLLER 128437 0 0 0 227 0 0 0 0 0 128664 0 0 0 THOMAS MASELLA ASSOCIATE HEAD FOOTBALL COACH 124348 580 11778 19051 155757 PART I, LINE 1A WAGNER COLLEGE PROVIDED HOUSING ON ITS BUSINESS PREMISES FOR THE FOLLOWING EMPLOYEES - RICHARD GUARASCI (PRESIDENT), LILY D. MCNAIR (PROVOST AND VP OF ACADEMIC AFFAIRS), AND WILLIAM E. MEA (VP FOR FINANCE AND BUSINESS); THESE INDIVIDUALS WERE REQUIRED TO ACCEPT HOUSING AS A CONDITION OF THEIR EMPLOYMENT AT THE COLLEGE. THIS BENEFIT WAS NOT TREATED AS TAXABLE COMPENSATION TO ANY EMPLOYEE. THE APPROXIMATE NON-TAXABLE VALUES OF THE HOUSING PROVIDED TO THE EMPLOYEES ARE AS FOLLOWS: RICHARD GUARASCI - $51,644, LILY D. MCNAIR - $37,184, AND WILLIAM E. MEA - $37,200. WAGNER COLLEGE ALSO PROVIDED SOCIAL CLUB DUES FOR RICHARD GUARASCI, AS WELL AS FOR WALTER HAMELINE - DIRECTOR OF ATHLETICS. PART I, LINE 3 WAGNER COLLEGE'S EXECUTIVE COMMITTEE, WHICH IS COMPRISED OF INDEPENDENT MEMBERS OF THE BOARD OF TRUSTEES, DETERMINES THE COMPENSATION OF THE COLLEGE'S PRESIDENT. BOTH THE EXECUTIVE COMMITTEE AND THE BOARD MUST REVIEW AND APPROVE COMPENSATION. COMPENSATION IS DETERMINED THROUGH REVIEW OF THE FORM 990 OF OTHER COMPARABLE AND LIKE-SIZE ORGANIZATIONS. THE EXECUTIVE COMMITTEE ALSO REFERS TO COMPARABLES AND SALARY SURVEYS, MAINLY CUPA, TO DETERMINE THE REASONABLENESS OF THE PROPOSED COMPENSATION AMOUNT. ANY COMPENSATION DETERMINATIONS OF THE EXECUTIVE COMMITTEE ARE RECORDED CONTEMPORANEOUSLY IN THE MINUTES OF THE COMMITTEE. PART I, LINE 4B DURING THE CALENDAR YEAR ENDING DECEMBER 31, 2013, ONE PERSON LISTED ON FORM 990, PART VII, SECTION A, LINE 1A (PRESIDENT RICHARD GUARASCI) PARTICIPATED IN A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN. HE CONTRIBUTED $17,500 TO THE PLAN IN CALENDAR YEAR 2013. PART II COLUMN B (BREAKDOWN OF W-2 COMPENSATION) INCLUDES EACH EMPLOYEE'S BASE COMPENSATION IN COLUMN B(I). COLUMN B(III) INCLUDES AMOUNTS FOR TAXABLE GROUP TERM LIFE INSURANCE. COLUMN C (RETIREMENT AND OTHER DEFERRED COMPENSATION) INCLUDES EMPLOYER CONTRIBUTIONS TO RETIREMENT PLANS FOR ALL INDIVIDUALS LISTED. COLUMN D (NONTAXABLE BENEFITS) IS COMPRISED OF A VARIETY OF BENEFITS, INCLUDING EMPLOYER CONTRIBUTIONS TO EMPLOYEE HEALTH PLANS, FLEXIBLE SPENDING ACCOUNT PLAN CONTRIBUTIONS, AND SOCIAL CLUB DUES. ALSO INCLUDED IN THIS TOTAL AS A CONDITION OF EMPLOYMENT, IS THE VALUE OF THE HOUSING PROVIDED BY THE COLLEGE TO THE PRESIDENT, RICHARD GUARASCI, THE PROVOST AND VP OF ACADEMIC AFFAIRS, LILY D. MCNAIR, AND THE VP FOR FINANCE AND BUSINESS, WILLIAM E. MEA, AS WELL AS THE COSTS OF THEIR ORDINARY HOME UTILITIES (ELECTRIC, GAS, WATER, AND CABLE). A dormitory authority of the state of new york 146000293 6499037Q8 2009-01-28 30500000 finance new dormitory false false false B build nyc resource corporation 454040561 12008EAU0 2012-09-25 13940443 finance building renovations false false false A 0 0 28509865 1085576 0 0 415922 488637 0 28139153 370712 0 2010 false false true true B 0 0 12398634 1270500 0 0 271309 0 0 12000309 42613 355712 2015 false false false true A false false true true false 0.00140 0.00140 false false false true B false true true true false 0.00300 0.00300 false false false true A false true true true MORGAN STANLEY 3. false false false 0 false true B false true false false 0 false 0 false true A true B true schedule k PART IV, LINE 2C, COLUMN A THE REBATE COMPUTATION FOR FORM 8038-T FOR THE BOND ISSUE DATED 1/28/2009 WAS PERFORMED ON 1/23/2014. PART V THE COLLEGE ACTIVELY REVIEWS THE ACTIVITIES OF THE BOND FINANCED FACILITIES TO DETERMINE PRIVATE USE AND IDENTIFY POSSIBLE ARBITRAGE AND OTHER POTENTIAL VIOLATIONS OF FEDERAL TAX LAW. THE COLLEGE WILL DISCUSS ANY POSSIBLE VIOLATIONS WITH BOND COUNSEL AND, IF NECESSARY, CORRECT VIOLATIONS THROUGH THE VOLUNTARY CLOSING AGREEMENT PROGRAM IF SELF-REMEDIATION IS NOT OTHERWISE AVAILABLE. CARIN GUARASCI PRESIDENT'S SPOUSE 69239 ADMINISTRATOR false DAVID GORDON OFFICER'S SPOUSE 55367 PROFESSOR false PART IV THE PRESIDENT'S SPOUSE, CARIN GUARASCI, IS EMPLOYED BY THE COLLEGE AS AN ADMINISTRATOR IN BOTH THE EDUCATION DEPARTMENT AND THE INSTITUTIONAL ADVANCEMENT OFFICE, HAVING EARNED A TOTAL OF $69,239 IN COMPENSATION DURING THE COLLEGE'S TAX YEAR. THE SPOUSE OF THE COLLEGE'S ASSISTANT VP FOR CAMPUS LIFE AND INTERNATIONALIZATION, DAVID GORDON, IS ALSO EMPLOYED BY THE COLLEGE AS AN EDUCATION PROFESSOR, AND EARNED $55,367 IN COMPENSATION DURING THE TAX YEAR. THE EMPLOYMENT AND COMPENSATORY PACKAGES OF BOTH OF THESE INDIVIDUALS WERE DECIDED UPON WITHOUT THE INVOLVEMENT OF THE INTERESTED PARTIES, AND WERE APPROVED BY THE EXECUTIVE COMMITTEE OF THE COLLEGE. X 11 228498 SELLING PRICE false false true PART I, LINE 9, COLUMN (B) THE AMOUNT REPORTED ON SCHEDULE M, PART I, LINE 9, COLUMN (B) REPRESENTS THE NUMBER OF CONTRIBUTIONS RECEIVED BY THE COLLEGE. PART I, LINE 32B WAGNER COLLEGE USES MORGAN STANLEY, A THIRD PARTY FINANCIAL SERVICES COMPANY, TO SELL NONCASH CONTRIBUTIONS GIVEN TO THE COLLEGE. WHEN WAGNER RECEIVES A STOCK CONTRIBUTION FROM A DONOR, MORGAN STANLEY WILL GENERALLY SELL THE STOCK, AND SUBSEQUENTLY WIRE THE PROCEEDS FROM THE COLLEGE'S MORGAN STANLEY ACCOUNT TO WAGNER'S MAIN BANK ACCOUNT. Part VI, Section B. Policies, Line 11b Wagner College's 990 is prepared internally by the College's Finance & Business Office. Wagner then sends a draft of the return to an independent tax group at Grant Thornton LLP for review. The 990 is then brought to the Audit Committee for discussion, and lastly is provided to the Board of Trustees during a Board meeting for review before the 990 can be filed. Part VI, Section B. Policies, Line 12c Wagner College has a conflict of interest policy in place, and consistently monitors and enforces compliance with such policy. Each year, conflict of interest statements are sent out to all members of the Board of Trustees, who then must disclose any transactions with interested parties. If there are any such transactions, the College would ensure that the transaction is arms-length. To date, there have been no non-arms length relationships noted. Part VI, Section B. Policies, Line 14 Wagner College has a document retention and destruction policy in place that is followed by many offices on campus; however, the policy has not been put in front of the Board of Trustees for approval as of yet. Part VI, Section B. Policies, Lines 15a and 15b Wagner College's Executive Committee, which is comprised of independent members of the Board of Trustees, determines the compensation of the College's President, and reviews and approves the compensation of all senior officers. Both the Executive Committee and the Board must review and approve compensation. Compensation is determined through review of the Form 990 of other comparable and like-size organizations. The Executive Committee also refers to comparables and salary surveys, mainly CUPA, to determine the reasonableness of the proposed compensation amounts. Any compensation determinations of the Executive Committee are recorded contemporaneously in the minutes of the committee. Part VI, Section C. Disclosure, Line 19 Wagner College makes its financial statements AND ITS FORM 990 available to the public upon request. The College also provides a link to the annual report on the College website (www.wagner.edu), which includes the balance sheet and other financial information. Part XI, Line 9 THE BALANCE OF $254,483 REPRESENTS THE SUM OF THE TOTAL GAIN ON THE COLLEGE'S DERIVATIVE INSTRUMENT (INTEREST RATE SWAP) OF $201,401 FOR THE FISCAL YEAR AND TOTAL EXPENSES RELATED TO THE GOLF CLASSIC FUNDRAISING EVENT OF $53,082 FOR THE FISCAL YEAR.