2014-03-17T17:05:04-05:00 2013-06-30 141555429 UHY ADVISORS NY INC 66 SOUTH PEARL STREET SUITE 400 ALBANY NY 12207 990 2012-07-01 141338488 THE SAGE COLLEGES SAGE 5182442200 65 1ST ST TROY NY 12180 PETER HUGHES 5182442200 2014-03-14 1 MICHAEL O LIPSCHULTZ P01373022 5184493166 2012 2015-11-30 17:44:51Z SUSAN C SCRIMSHAW 65 1ST ST TROY NY 12180 100156380 0 X N/A X 1916 NY COLLEGIATE EDUCATION OF STUDENTS. 23 22 1776 0 0 0 15118324 6161073 64984601 66028929 -185906 1553989 46692 54534 79963711 73798525 23973375 24538248 0 0 27921897 29742844 0 224948 2056931 19096062 19266423 70991334 73772463 8972377 26062 93918265 95021175 36999052 36775415 56919213 58245760 COLLEGIATE EDUCATION OF STUDENTS. 0 0 66710238 24538248 66028929 COLLEGIATE EDUCATION OF STUDENTS. 66710238 1 1 0 0 0 0 0 0 0 1 1 1 0 1 1 1 1 0 1 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 206 0 1776 1 0 0 0 0 0 1 1 0 0 0 0 X 23 22 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY X PETER HUGHES 5182442095 65 1ST ST TROY NY 12180 LYNN E ABRAHAM 1.00 X 0 0 0 JUDITH CAMPISI 1.00 X 0 0 0 ANN DUFFIELD 1.00 X 0 0 0 DONNA ESTEVES 1.00 X 0 0 0 MARILYN MILLER FOWLER 1.00 X 0 0 0 EILEEN WITZMAN GOLDBLATT 1.00 X 0 0 0 BARRY ILBERMAN 1.00 X 0 0 0 JANET W JONES 1.00 X 0 0 0 A ALEXANDRA JUPIN 1.00 X 0 0 0 FREDERICK A MILLER 1.00 X 0 0 0 JAMES E MORLEY JR 1.00 X 0 0 0 CHESTER J OPALKA 1.00 X 0 0 0 JAMES E PROUT 1.00 X 0 0 0 FAITH DIANE RUBIN 1.00 X 0 0 0 SUSAN C SCRIMSHAW 40.00 X X 306680 0 54586 RONNYE BERG SHAMAM 1.00 X 0 0 0 LAURA THALMANN WARNER 1.00 X 0 0 0 ROBERT ZEMSKY 1.00 X 0 0 0 JOHN BELLARDINI 1.00 X 0 0 0 JOHN P HICKS 1.00 X 0 0 0 PAUL JAECKLE 1.00 X 0 0 0 DEBORAH ONSLOW 1.00 X 0 0 0 NELSON TIP SIMONS 1.00 X 0 0 0 PETER HUGHES 40.00 X 110895 0 5477 DEIRDRE ZARRILLO 40.00 X 120032 0 0 DANIEL LUNDQUIST 40.00 X 169102 0 8415 MELISSA KOMORA 40.00 X 137203 0 14853 TERRENCE WEINER 40.00 X 176124 0 9914 TRISH CELLEMME 40.00 X 83440 0 15120 SAROLTA TAKACS 40.00 X 165814 0 12428 LORI QUIGLEY 40.00 X 140970 0 6971 ESTHER HASKVITZ 40.00 X 119407 0 8703 PATRICIA POHL 40.00 X 106845 0 15564 1636512 0 152031 10 0 1 0 SODEXO OPERATIONS LLC BOX 360170 PITTSBURGH PA 15251 FOOD SERVICE 2668201 CDPHP 500 PATROON CREEK BLVD ALBANY NY 12206 BENEFITS ADMINISTRATOR 2549867 SANO-RUBIN CONSTRUCTION CO INC 624 DELAWARE AVENUE ALBANY NY 12209 CONSTRUCTION 2064801 UHCS 100 UNION DRIVE ALBANY NY 12208 DORM SERVICES 1736470 UNIVERSITY HEIGHTS ASSOCIATION 84 HOLLAND AVENUE ALBANY NY 12208 SHUTTLE & SECURITY SERVICES 895695 32 1430752 4730321 62851 6161073 TUITION & FEES 611710 58233012 58233012 AUXILIARY ENTERPRISES 611710 7497463 7497463 OTHER SOURCES 900099 194014 194014 PARKING 812930 71111 71111 TRANSCRIPTS 611710 33329 33329 66028929 396003 396003 77091 22557 54534 54534 54534 27493284 26335298 1157986 1157986 1157986 73798525 66028929 0 1608523 24538248 24538248 1211802 592270 453754 165778 22705100 20220095 1640090 844915 679614 635223 13543 30848 3091262 2301371 504276 285615 2055066 1796448 171379 87239 196981 196981 129393 129393 224948 224948 7345443 6839836 367439 138168 289085 270755 18330 1799335 1751522 47813 584267 496154 38336 49777 717059 717059 2286927 2286927 1097205 944210 152995 OPERATION & MAINTENANCE 876738 557339 311267 8132 SUPPLIES 655764 581898 53834 20032 SPECIAL PROGRAMS 533275 508950 11790 12535 BOOKS & PERIODICALS 481142 478817 550 1775 2273809 1193116 911854 168839 73772463 66710238 5005294 2056931 0 185111 731306 867707 12579674 8539768 3894055 3851370 484593 493681 96960858 44070016 49097220 52890842 16178627 16214537 9747553 10803489 391881 360995 813356 813675 93918265 95021175 4979751 6406240 4034650 4069920 14175000 13680000 8254296 7379990 5555355 5239265 36999052 36775415 X 17978648 21951199 23906017 20109281 15034548 16185280 56919213 58245760 93918265 95021175 26062 1300485 0 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 21009808 5692747 1917305 1385768 27234092 20986744 925399 -63555 838780 21009808 23239401 1265721 3074040 6592418 20986744 26750057 628923 -1139579 3000000 23239401 24830177 1453779 3562092 1959094 1000749 136148 26750057 0.34000 0.53250 0.12750 0 0 6136090 6136090 72576809 32236463 40340346 13076697 11833553 1243144 5171262 5171262 52890842 WEATHERLOW OFFSHORE I 3976937 F DRAKE OFFSHORE LP 2778199 F CITIGROUP PE OFFSHORE II 2335358 F COMMON STOCKS 1106136 F CORPORATE OBLIGATIONS 541335 F US GOV/AGENCY/MUNI 65524 F 10803489 ANNUITIES PAYABLE 252066 ASSET RETIREMENT OBLIGATION 1404472 DEPOSITS HELD FOR OTHERS 167616 LIFE INCOME PAYABLE 104782 U.S. GOVERNMENT ADVANCES 3160809 ACCRUED POST RETIREMENT BENEFITS 149520 5239265 X 50583319 1300485 22557 1323042 49260277 24538248 24538248 73798525 49256772 22557 22557 49234215 24538248 24538248 73772463 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: ENDOWMENT FUNDS ARE INTENDED TO SUPPORT THE EDUCATIONAL AND RESEARCH ACTIVITIES OF THE COLLEGES. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: THE COLLEGE RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT OF BEING SUSTAINED. RECOGNIZED INCOME TAX POSITIONS ARE MEASURED AT THE LARGEST AMOUNT THAT IS GREATER THAN 50% LIKELY OF BEING REALIZED. CHANGES IN RECOGNITION OR MEASUREMENT ARE REFLECTED IN THE PERIOD IN WHICH THE CHANGE IN JUDGEMENT OCCURS. THE COLLEGE HAS NO FEDERAL OR STATE INFORMATIONAL 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. PART XI, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 22,557. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIP EXPENSES 24,538,248. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 22,557. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIP EXPENSES 24,538,248. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION SCHEDULE E, PART I, LINE 3 THE SAGE COLLEGES' RACIALLY NONDISCRIMINATORY POLICY IS INCLUDED ON THE FIRST PAGE OF THE ANNUAL PUBLICATION OF THE COLLEGES' CATALOG AND IS RUN ANNUALLY IN THE LOCAL NEWSPAPER. EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE SCHEDULE E, PART I, LINE 6 THE COLLEGES AND THEIR STUDENTS RECEIVE FINANCIAL AID FROM FEDERAL AND STATE GOVERNMENTAL AGENCIES UNDER VARIOUS PROGRAMS. X X X X X X 1 POLARIS PHILANTHROPY GROUP 420 LEXINGTON AVE STE 300 NEW YORK NY 10170 COUNSEL ON FUNDRAISING PROCEDURES/STRATEGIES 0 4927974 106450 4821524 CHANGING OUR WORLD INC 220 E 42ND ST 5TH FL NEW YORK NY 10017 COUNSEL ON FUNDRAISING PROCEDURES/STRATEGIES 0 3285316 81991 3203325 STOCKADE CONSULTING GROUP INC 650 FRANKLIN ST STE 502 SCHENECTADY NY 12305 COUNSEL FOR PHONE SOLICITATION AND BACK-UP 0 74970 36507 38463 8288260 224948 8063312 NY 1 STUDENT SCHOLARSHIPS 1429 24538248 0 PART I LINE 2 EACH GRANT IS ASSIGNED A GRANTS ADMINISTRATOR WHO MONITORS ALL EXPENDITURES TO ENSURE FUNDS ARE USED IN ACCORDANCE WITH GRANTOR POLICIES AND REGULATIONS. IN ADDITION, AN ACCOUNTANT IS ASSIGNED TO RECORD AND REPORT ALL GRANT REVENUES AND EXPENDITURES TO THE GRANT ADMINISTRATOR AND GRANTOR ON A REGULAR BASIS. X X 1 1 X 0 0 0 0 0 0 0 0 0 SUSAN C SCRIMSHAW 306680 0 0 0 0 0 12500 0 42086 0 361266 0 0 0 DANIEL LUNDQUIST 169102 0 0 0 0 0 8415 0 0 0 177517 0 0 0 MELISSA KOMORA 137203 0 0 0 0 0 7221 0 7632 0 152056 0 0 0 TERRENCE WEINER 176124 0 0 0 0 0 8714 0 1200 0 186038 0 0 0 SAROLTA TAKACS 165814 0 0 0 0 0 8139 0 4289 0 178242 0 0 0 PART I, LINE 1A HOUSING ALLOWANCE/PERSONAL SERVICES: THE COLLEGES PROVIDE PRESIDENT SCRIMSHAW WITH A HOME IN TROY AND REQUIRE ITS USE AS A CONDITION OF EMPLOYMENT FOR THE CONVENIENCE OF THE COLLEGES. THE TOTAL ESTIMATED VALUE OF THE ANNUAL USE OF THE RESIDENCE IS $50,000 OF WHICH $33,500 IS ESTIMATED TO BE THE VALUE OF PERSONAL USE AND IS REPORTED AS A NONTAXABLE BENEFIT IN FORM 990, PART VII AND SCHEDULE J, PART II. M&T BANK VP FINANCE PETER HUGHES' BROTHER BRIAN HUGHES IS A VP OF M&T BANK 155668 OWED TO M&T BANK ON LINE OF CREDIT $4,435,000 AT 3.9% INTEREST; INTEREST PAID IN REPORTING PERIOD $155,668. 0 X 10 62851 DAY'S HIGH/LOW AVG 0 0 0 FORM 990, PART VI, SECTION B, LINE 11 THE DRAFT FORM 990 IS PRESENTED TO THE BOARD FINANCE COMMITTEE, AUDIT SUB-COMMITTEE AND EXECUTIVE COMMITTEE FOR APPROVAL. IT IS THEN PRESENTED TO THE FULL BOARD FOR FINAL APPROVAL BEFORE BEING SUBMITTED TO THE IRS. FORM 990, PART VI, SECTION B, LINE 12C A CONFLICT OF INTEREST DISCLOSURE IS REQUIRED TO BE COMPLETED ANNUALLY BY EACH TRUSTEE AND EXECUTIVE OFFICER. INDIVIDUALS SUBJECT TO ANY KNOWN, POSSIBLE OR PERCEIVED CONFLICT RECUSE THEMSELVES FROM THE DELIBERATIVE AND DECISION-MAKING PROCESSES IN RESPECT OF MATTERS AFFECTED. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION FOR THE PRESIDENT IS REVIEWED AND APPROVED BY THE BOARD EXECUTIVE COMMITTEE AND TRUSTEES. COMPENSATION FOR CABINET MEMBERS IS REVIEWED AND APPROVED BY THE PRESIDENT. FORM 990, PART VI, SECTION C, LINE 19 ANNUAL INFORMATION RETURNS, GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.