2014-05-07T10:44:19-07:00 2013-06-30 990 2012-07-01 161532850 EXCELSIOR COLLEGE EXCE 5184648500 7 Columbia Circle Albany NY 122035159 John Pontius 5184648384 2014-05-07 2012 2015-11-30 17:44:51Z John Ebersole 7 Columbia Circle Albany NY 122035159 92964056 0 X www.excelsior.edu X 1998 NY Excelsior College provides educational opportunity to adult learners with an emphasis on those historically underrepresented in higher education. The College meets students where they are - academically and geographically, offering quality instruction and the assessment of prior learning. 21 21 1538 0 0 0 1045506 1342437 69521826 78915559 720248 1181750 66807 5872 71354387 81445618 594426 602676 0 0 47972669 52641803 69399 54200 1283807 23991156 24700593 72627650 77999272 -1273263 3446346 42181339 46555847 15822635 16625734 26358704 29930113 Excelsior College provides educational opportunity to adult learners with an emphasis on those historically underrepresented in higher education. The College meets students where they are - academically and geographically, offering quality instruction and the assessment of prior learning. 0 0 27361864 183262 43397700 Undergrad and Graduate Tuition (credit and non-credit bearing) Higher Education. During this period, 112,426 undergraduate hours of course instruction, and 14,318 hours of graduate level course instruction were delivered. 14332848 419414 15754702 Nursing and Written Examinations (administered examinations) Higher Education. During this period, the College administered 31,771 written examinations to students enrolled in its various programs and administered 2,037 performance examinations to students enrolled in its Nursing programs. 11441261 0 19373375 Enrollment in higher education. During this period, 18,261 new students enrolled in the College while there were 36,530 actively enrolled students as of 6/30/13. 4,639 students completed degree requirements between 7/1/12 and 6/30/13. 3493916 0 389781 Other Program Services consists of 1)The President's Forum which provides higher education institutions the opportunity to exchange knowledge and perceptions of current models and tools for successful operation in an online environment;2)The Educators Service Educators program which works with higher education institutions to develop and deliver online programs and courses specializing in assisting institutions that serve individuals traditionally underrepresented in higher education; and 3) the Excelsior College Press which publishes contemporary nonfiction in areas that support the academic interests of the College. 3493916 0 389781 56629889 1 1 0 1 0 0 0 1 0 1 1 0 0 0 1 1 1 0 1 0 1 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 305 0 1 1538 1 0 0 0 0 0 1 1 0 0 0 0 X 21 21 0 0 1 0 0 0 0 1 1 0 0 1 1 1 1 0 1 1 1 1 0 X Hillary Harding 5186088382 Excelsior College 7 Columbia Circle Albany NY 12203 Richard Yep 1.2 0 X 0 0 0 Polly Baca 1.2 0 X 0 0 0 William G Harris 1.2 0 X 0 0 0 Helen Benjamin 1.2 0 X 0 0 0 Harold L Hodgkinson 1.2 0 X 0 0 0 Linda Davila 1.2 0 X 0 0 0 Garry Jaunal 1.2 0 X 0 0 0 Don Dea 1.2 0 X 0 0 0 Michael Loughran 1.2 0 X 0 0 0 Gloria R Gelmann 1.2 0 X 0 0 0 Jerry L Neff 1.2 0 X 0 0 0 Bryanne Hamill 1.2 0 X 0 0 0 Mary O'Connor 1.2 0 X 0 0 0 David Oliker 1.2 0 X 0 0 0 Sharon I Richie-Melvan 1.2 0 X 0 0 0 Alvin J Schexnider 1.2 0 X 0 0 0 Harry L Staley 1.2 0 X 0 0 0 Pamela Tate 1.2 0 X 0 0 0 Andre Vacroux 1.2 0 X 0 0 0 John R Wetsch 1.2 0 X 0 0 0 Sara Waldorf 1.2 0 X 0 0 0 Lyvier Conss 1.2 0 X 0 0 0 KH Maman 1.2 0 X 0 0 0 Louis Soares 1.2 0 X 0 0 0 John Ebersole 37.5 0 X 543776 0 140754 Mary Beth Hanner 37.5 0 X 232758 0 38320 John M Pontius 37.5 0 X 178742 0 18419 Stephen G Ernst 37.5 0 X 0 0 0 Cathy Kushner 37.5 0 X 174171 0 25978 Joseph Porter 37.5 0 X 192866 0 18488 Wayne Brown 37.5 0 X 231436 0 23035 Edmund McTernan 37.5 0 X 134636 0 26207 Craig Maslowsky 37.5 0 X 178604 0 30377 Susan O'Hern 37.5 0 X 159701 0 28426 Patrick Jones 37.5 0 X 176547 0 24742 Jane LeClair 37.5 0 X 162843 0 21056 Scott Dalrymple 37.5 0 X 162532 0 20092 Mary Lee Pollard 37.5 0 X 151428 0 15256 George Timmons 37.5 0 X 147485 0 15386 Deborah L Sopczyk 37.5 0 X 141261 0 23062 Thomas Dalton 37.5 0 X 132089 0 24675 Murray Block 37.5 0 X 129114 0 11733 Anita Burns 37.5 0 X 127278 0 21851 3357267 0 527857 36 0 1 0 NCS Pearson Inc 13036 Collection Center Drive Chicago IL 60693 Examination Administrative Services 1962518 Blackboard Inc PO Box 200154 Pittsburgh PA 152510154 Learning Management System 1885863 TATA Interactive Systems Leela Business Park Andheri Kurla Road Mumbai IN 400 059 Course Development Services 1570771 Milton S Eisenhower Library Johns Hopkins University Baltimore MD 21218 Library Services 1289254 Southern Performance Assessment Center 3032 Briarcliff Road NE Atlanta GA 30329 Nursing Examination Administrative Services 815394 44 0 0 56537 0 456492 829408 9684 1342437 Graduate, Undergraduate, and Non-Credit Bearing Tuition 611310 43397700 43397700 0 0 Examination Fees 611310 15754702 15754702 0 0 Enrollment Related Fees 611310 19373375 19373375 0 0 President's Forum Fees 611310 32750 32750 0 0 Educators Service Educators Fees 611310 348177 348177 0 0 8855 8855 0 0 78915559 400663 0 0 400663 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 12284900 0 11495473 8340 789427 -8340 781087 0 0 781087 5960 56537 14625 -8665 0 -8665 0 0 0 0 0 0 0 0 0 0 0 0 Bad Check Charges 900099 5565 5565 0 0 Merchandise 900099 9564 9564 0 0 Miscellaneous 900099 -592 -592 0 0 0 0 0 0 14537 81445618 78930096 0 1173085 X 0 0 602676 602676 0 0 0 0 3356517 1073050 2068844 214623 0 0 0 0 39660986 33050688 5919160 691138 2632330 2267175 333485 31670 3666990 3025913 585467 55610 3324980 2770805 496233 57942 0 0 0 0 169034 0 169034 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RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 0 0 0 0 1 416878 0 1 119809 536687 0 SchC_P2B_S00_L01 Schedule C, Part II-B, Line 1 The majority of time/cost is spent in direct contact with various state legislators and other state government officials, in coordination with the College's registered lobbyist consultants, defending the College's Associate Degree Nursing program. The College works to have state statutes and/or regulations changed or introduced to ensure that the College's Associate Degree Nursing graduates are eligible for Registered Nurse licensure in those states. A significant portion of cost/time is spent preparing materials to aid College Officials, in coordination with the College's registered lobbyist consultants, in educating government officials on the fact that Excelsior College graduates are as prepared for licensure as nursing graduates from more traditional programs. Time is also spent drafting proposed legislation that would ensure Excelsior College nursing graduates would receive licensure in various states. 0 64800 0 0 X 0 656693 166939 67248 18859 886 3226 867909 568648 106517 3538 20681 -1878 3207 656693 453217 53899 103243 20690 21021 0 568648 419861 23575 48982 19490 19711 0 453217 402739 37250 -43015 17458 -40345 0 419861 0 0.89 0.11 0 0 0 706735 706735 0 7807140 2727862 5079278 0 359391 248572 110819 0 13555350 10576137 2979213 0 760428 155197 605231 9481276 0 LIABILITIES TO BENEFICIARIES UNDER SPLIT INTEREST AGREEMENTS 11550 11550 X 81644065 125063 50419 0 0 175482 81468583 0 -22965 -22965 81445618 78072656 50419 0 0 0 50419 78022237 0 -22965 -22965 77999272 SchD_P03_S00_L04 Schedule D, Part III, Line 4 Consists of various paintings that have been donated to and/or purchased by the college and have been recorded at their appraised fair market value at the time of donation, or cost at time of purchase. This collection aids in fostering a sense of community and appreciation of the arts for students, faculty, and support staff of the college. SchD_P05_S00_L04 Schedule D, Part V, Line 4 The intended use of the College's endowment is for scholarships which are given to students to defray the cost of degree completion. SchD_P10_S00_L02 Schedule D, Part X, Line 2 The College is classified for tax purposes as an organization under Section 501(c)(3) of the Internal Revenue Code, and except for unrelated business income, if any, is exempt from federal income taxes under Section 501(a) of the Code. Therefore, no provision for income taxes is made in the accompanying financial statements.The College follows the FASB guidance regarding accounting for uncertain tax positions. The College believes that it has no uncertain tax positions taken or expected to be taken that could result in an unrecognized tax benefit liability. The College has no federal or state informational tax returns that are currently under examination by the Internal Revenue Service ("IRS") or state authorities. However, fiscal years 2010 and later remain subject to examination by the IRS and New York State. SchD_P11_S00_L04b Schedule D, Part XI, Line 4b INCLUDES FUNDRAISING EXPENSES AND LOSS ON DISPOSAL OF ASSETS. SchD_P12_S00_L04b Schedule D, Part XII, Line 4b Includes fundraising expenses and loss on disposal of assets. 1 1 0 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SchE_P01_S00_L03 Schedule E, Part I, Line 3 The organization meets the criteria established in section 4 03-2 of revenue procedures 75-50. SchE_P01_S00_L06 Schedule E, Part I, Line 6 The College receives government assistance in the form of; Federal Direct Loans, SEOG Grants, NYS TAP Grants, NYS APTS Grants, HRSA Nursing Student Loan Program and HRSA Nursing Faculty Loan Program. South Asia 0 0 Program Services Meet with other institutions to investigate articulation agreements and meet with course development vendors 23601 Europe (including Iceland and Greenland) 0 0 Program Services Attending and Presenting at Academic Conferences 15794 Middle East and North Africa 0 0 Program Services Evaluate Seminary Courses for College Credit 11162 East Asia and the Pacific 0 0 Program Services Marketing assessment opportunities to other institutions 4585 South America 0 0 Program Services Attend graduation ceremony of articulating institution 1008 0 0 56150 0 0 0 0 0 0 X X X X X X X 1 Ruffalo Cody LLC 65 Kirkwood Road SW Cedar Rapids IA 52404 Phone Solicitation 0 54473 45966 8507 The Stelter Company 10435 New York Ave Des Moines IA 50322 Donor Mailings Consulting/Gift Planning Website 0 0 8234 -8234 54473 54200 273 NY Partners in Lifelong Learning Scholarship Fundraising Event 62497 56537 5960 0 184 875 8842 0 4724 0 0 62497 56537 5960 0 184 875 8842 0 4724 14625 -8665 1 Scholarships 891 602676 0 N/A SchI_P01_S00_L02 Schedule I, Part I, Line 2 The College provides individual scholarship assistance to enrolled students in order to defray the cost of the College's enrollment and examination fees. This assistance is provided through direct credit to the student's account with the college, ensuring funds are utilized for their intended purpose. Depending on the source of funds, there may be donor stipulations which students may need to adhere to in order to maintain eligibility of funds. In the event of such, ongoing monitoring is performed by the College's Financial Aid department. X X X 1 1 X X X X X 0 0 0 0 0 0 0 0 0 John Ebersole 348883 0 105000 0 89893 0 132206 0 9310 0 685292 0 0 0 Mary Beth Hanner 232055 0 0 0 703 0 23923 0 15159 0 271840 0 0 0 John M Pontius 178251 0 0 0 491 0 18157 0 659 0 197558 0 0 0 Cathy Kushner 173705 0 0 0 466 0 17798 0 8576 0 200545 0 0 0 Joseph Porter 182519 0 0 0 10347 0 18273 0 353 0 211492 0 0 0 Wayne Brown 229753 0 0 0 1683 0 22497 0 676 0 254609 0 0 0 Edmund McTernan 134378 0 0 0 258 0 14335 0 12130 0 161101 0 0 0 Craig Maslowsky 178560 0 0 0 44 0 18505 0 11920 0 209029 0 0 0 Susan O'Hern 159474 0 0 0 227 0 16555 0 16825 0 193081 0 0 0 Patrick Jones 156295 0 0 0 20252 0 16072 0 11308 0 203927 0 0 0 Jane LeClair 159388 0 0 0 3455 0 15900 0 5551 0 184294 0 0 0 Scott Dalrymple 162349 0 0 0 183 0 14876 0 5306 0 182714 0 0 0 Mary Lee Pollard 151276 0 0 0 152 0 15208 0 186 0 166822 0 0 0 George Timmons 147430 0 0 0 55 0 14656 0 791 0 162932 0 0 0 Deborah L Sopczyk 140865 0 0 0 396 0 14439 0 9018 0 164718 0 0 0 Thomas Dalton 131937 0 0 0 152 0 13711 0 12118 0 157918 0 0 0 SchJ_P01_S00_L01a Schedule J, Part I, Line 1a In calendar year 2012, the College grossed up taxable wage payments to the President to reimburse the President for taxes incurred related to supplemental voluntary health and welfare benefits. Additionally, in 2012 the college paid social club dues on behalf of the President for business use relating to College matters only, and as such, were not treated as taxable income to him. All personal use of the club was reimbursed to the College. A monthly housing allowance is provided to the President and is included in his taxable wages. The College reimburses a portion of health club dues of its employees as part of the College's wellness initiative policy. This benefit is available to all college employees, and is included in the taxable income of employees who use this benefit, including officers. A Albany County Industrial Development Agency 222587283 2003-05-16 2292130 Refinance issue used for 7 Columbia Circle 0 0 0 B Albany County Industrial Development Agency 141663410 2003-09-18 1300000 Purchase of 9 Columbia Circle 0 0 0 A 0 0 2292130 0 0 0 24404 0 0 2292130 0 0 2003 1 0 1 1 B 0 0 1300000 0 0 0 49901 0 0 1300000 0 0 2003 0 0 1 1 A 0 0 0 0 0 0 0 1 0 0 B 0 0 0 0 0 0 0 1 0 0 A 0 0 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 0 0 A 0 B 0 SchK_P03_S00_L09 Schedule K, Part III, Line 9 Practices are in place to ensure timely payment, representation of security, etc. Additionally, bond proceeds were spent immediately on tax-exempt qualifying building purchases. Management consistently reviews any new business ventures for consistency with the college's tax-exempt status and use of assets obtained from proceeds of tax-exempt issuances. SchK_P05_S00_L00 Schedule K, Part V Practices are in place to ensure timely payment, representation of security, etc. Additionally, bond proceeds were spent immediately on tax-exempt qualifying building purchases. Management consistently reviews any new business ventures for consistency with the college's tax-exempt status and use of assets obtained from proceeds of tax-exempt issuances. Donna L Jones Wife of Key Employee Patrick Jones 16394 Payments for Military Outreach Counseling Services 0 Tina M Dalrymple Wife of Key Employee Scott Dalrymple 13047 Payments for conducting instruction as an adjunct faculty 0 F990_P06_S0A_L04 Form 990, Part VI, Section A, Line 4 Since the prior Form 990 was filed, several changes have been made to the Excelsior College Bylaws; votes can no longer be cast via email but must be in hard copy writing, and in the case of claims against Trustees and Officers, they will be reimbursed for legal expenses prior to a final ruling, if the ruling shows that the Trustee or Officer is not entitled to indemnification they must pay back the College. Trustee responsibilities were more fully spelled out, the following responsibilities are now explicitly stated - the Board has oversight over the College's accreditation status, student support needs, monitoring of the annual budget, hiring and maintenance of the workforce, acquiring and maintaining facilities, and evaluation of trustee performance. Additionally, the Treasurer must now serve as the Chair of the Budget and Finance Committee; the Investment Subcommittee is now a standalone Committee; no Audit Committee member can serve on the Budget and Finance Committee; and the Board Chair appoints members of Subcommittees and Task Forces. Changes were also made to term limits and the process for removing Trustees; Trustee Officer and Trustee Committee Chair maximum terms have been reduced from two three year terms to two two year terms, Trustees must serve on a Committee for one year before becoming a Chair of the Committee, Trustee Officers and general Trustees can now only be removed by a majority vote of all Trustees with voting rights, and a Trustee automatically resigns if they miss three consecutive meetings. F990_P06_S0B_L11b Form 990, Part VI, Section B, Line 11b The form 990 was prepared by the accounting services department at the College. The information within the return was obtained through input from several Officers of the College. Following internal preparation of the return, it was forwarded to the College's independent auditors to seek their input before forwarding to the Audit Committee of the Board of Trustees. The Audit committee was delegated the authority to review and approve the final version of the information return by the Board of Trustees. The Audit Committee reviewed the final return in depth via teleconference with the Officers of the College and the accounting staff. Management at the College guided the Audit Committee through the various schedules included in the filing noting the purpose of the schedule and identifying the origin and sources of the content contained within. All questions posed by the Committee were answered by the Management of the College as documented in the minutes to the meeting. The final return was made available for inspection and review to all Board Members before final filing with the IRS. F990_P06_S0B_L12c Form 990, Part VI, Section B, Line 12c The College has had a written conflict of interest policy since June, 1998. This policy, as amended in 2008, is distributed annually to all Officers, Trustees, and other key employees each October. In addition to the policy, all officers, trustees and key employees are required to complete an annual disclosure statement indicating conflicts of interest and any direct or indirect professional and/or business arrangements with vendors with whom the College has a professional or business arrangement. Annually, the Audit Committee of the Board meets with General Counsel and the Secretary to the Board to review all disclosures and to determine the existence and severity of any conflicts. If conflicts exist, the Chairman of the Board is made aware of the conflicts and disclosures and the Secretary of the Board takes action as directed by the Audit Committee. Should the conflict exist at the Board level, full disclosure is made to all Board members and the affected member is recused from any vote related to the conflict of interest. Conflicts at levels below the Board are disclosed to the CEO, the VP of ODHR, and Legal Counsel to determine the impact of the conflict on the employees' ability to function in the affected role and take steps to resolve the conflict. F990_P06_S0B_L14 Form 990, Part VI, Section B, Line 14 Financial records are retained in accordance with the College's standard record retention policy. In addition, grant awards, certain mortgage and contractual arrangement require additional retention timeframes. Other departments in the College such as the Registrar and Financial Aid offices retain student records as required under federal regulations and agencies guidelines. F990_P06_S0B_L15 Form 990, Part VI, Section B, Line 15 In 2010, a comprehensive independent study of the President's compensation was conducted by an external consultant. This study, commissioned under the direction of the Board of Trustees, looked at comparative data from a competitive pool determined by the external consultant. This study was the basis for the employment contract with the College President, which was approved by the Board of Trustees. This contract is subject to renewal, extension, or termination every four years by the Board of Trustees. Additionally, the compensation of the President is reviewed annually by the Executive Committee of the Board of Trustees. Each year the President and the Board agree to annual goals and the President provides monthly reports on the progress toward these goals. His achievements are the basis for an annual performance review conducted by the Executive Committee of the Board. All Board discussions are documented in the Board of Trustee meeting minutes. The Office of Human Resources establishes compensation within various grade levels at the College based on several factors such as the current local job market and hiring rate in our area, the demographics of the region including the degree of difficulty and competition in acquiring the particular talent. In addition, a compensation study was performed in 2011 by an external consultant that compared duties, responsibilities, and compensation for all job titles of the college, including the Executive Staff. The study gathered data at the national level as well as industry-specific data and job market information for our region of the country. Salaries within the organization compared against this data. In 2013, at the direction of the Board of Trustees, the Office of Human Resources completed an executive compensation survey through a consultant. The study assessed nine positions and made comparisons to comparable staff positions at 17 similarly situated institutions. The study had two objectives; 1.Determine if current pay levels are commensurate with peer roles at target institutions, and 2. Ensure that compensation is in line with Section 4958 of the IRS code. The results of the survey suggested that the College is safely positioned at all levels with respect to Section 4958 of the IRS code. F990_P06_S0B_L16b Form 990, Part VI, Section B, Line 16b The College's business arrangement with Pearson, PLC is for the development, marketing and administration of for credit exams, which is in keeping with the College's educational tax-exempt purpose. The arrangement ended effective June 30, 2013. F990_P06_S0C_L19 Form 990, Part VI, Section C, Line 19 Hard copies of financial statements are available upon request. All other applicable documents are available upon request in hard copy and electronic (.pdf) form. F990_P09_S00_L11g Form 990, Part IX, Line 11g Consultant Honoraria $371,414 Total, $339,150 Program service expenses, $29,984 Management and general expenses, $2,280 Fundraising expenses; Exam Proctoring Fees $1,769,140 Total Program service expenses; Library Costs $1,034,272 Total Program service expenses; Recruiting Costs $63,657 Total Management and general expenses; and Other Contractual Services $8,413,087 Total, $4,784,434 Program service expenses, $3,562,810 Management and general expenses, $65,843 Fundraising expenses.