WELLS COLLEGE: Form 990, tax year 2011
View the entire original 990 at ProPublica ↗
- Organization
- WELLS COLLEGE (EIN 15-0532276)
- Tax period
- 2011-07-01 to 2012-06-30
- Filed
- 2013-05-08
- IRS object ID
- 201321289349301802
- Schema version
- 2011v1.5
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule E
- Schedule I
- Schedule J
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2013-05-08T14:19:28-05:00 | Timestamp |
| Tax Period End Date | 2012-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 161131146 | EIN |
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BONADIO & CO LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 115 SOLAR STREET | AddressLine1 |
| City | SYRACUSE | City |
| State | NY | State |
| ZIP Code | 13204 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2011-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 150532276 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | WELLS COLLEGE | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | WELL | NameControl |
| Phone | 3153643208 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | ROUTE 90 | AddressLine1 |
| City | AURORA | City |
| State | NY | State |
| ZIP Code | 13026 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | LISA MARSH RYERSON | Name |
| Title | PRESIDENT | Title |
| Phone | 3153643208 | Phone |
| Date Signed | 2013-05-08 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | BETTINA LIPPHARDT | Name |
| PTIN | P00956232 | PTIN |
| Phone | 3152147575 | Phone |
| Date Prepared | 2013-05-08 | DatePrepared |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2011 | TaxYear |
| Build TS | 2016-02-25 16:41:14Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | LISA MARSH RYERSON | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | ROUTE 90 | AddressLine1 |
| City | AURORA | City |
| State | NY | State |
| ZIP Code | 13026 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 35757417 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | WWW.WELLS.EDU | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1868 | YearFormation |
| State Legal Domicile | NY | StateLegalDomicile |
| Activity Or Mission Description | EDUCATE STUDENTS TO THINK CRITICALLY, REASON WISELY, AND ACT HUMANELY AS THEY CULTIVATE MEANINGFUL LIVES. THROUGH WELLS' ACADEMIC PROGRAM, RESIDENTIAL ATMOSPHERE, AND COMMUNITY ACTIVITIES, STUDENTS LEARN AND PRACTICE THE IDEALS OF THE LIBERAL ARTS. THE WELLS EXPERIENCE PREPARES STUDENTS TO APPRECIATE COMPLEXITY AND DIFFERENCE, TO EMBRACE NEW WAYS OF KNOWING, TO BE CREATIVE, AND TO RESPOND ETHICALLY TO THE INTERDEPENDENT WORLDS TO WHICH THEY BELONG. COMMITTED TO EXCELLENCE IN ALL AREAS OF ITS REACH, WELLS COLLEGE EQUIPS STUDENTS FOR LIFELONG LEARNING AND FOR SHARING THE PRIVILEGES OF EDUCATION WITH OTHERS. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 19 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 18 | NbrIndependentVotingMembers |
| Total Nbr Employees | 682 | TotalNbrEmployees |
| Total Nbr Volunteers | 20 | TotalNbrVolunteers |
| Total Gross UBI | 58975 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | -6997 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 7870841 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 3890285 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 23237306 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 22199705 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 3947984 | InvestmentIncomePriorYear |
| Investment Income Current Year | 480182 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 493185 | OtherRevenuePriorYear |
| Other Revenue Current Year | 114747 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 35549316 | TotalRevenuePriorYear |
| Total Revenue Current Year | 26684919 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 7609380 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 8442935 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 9801323 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 10592266 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 1047193 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 12929416 | OtherExpensePriorYear |
| Other Expenses Current Year | 11008369 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 30340119 | TotalExpensesPriorYear |
| Total Expenses Current Year | 30043570 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 5209197 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | -3358651 | RevenuesLessExpensesCY |
| Total Assets BOY | 66555922 | TotalAssetsBOY |
| Total Assets EOY | 62749812 | TotalAssetsEOY |
| Total Liabilities BOY | 2919351 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 3791516 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 63636571 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 58958296 | NetAssetsOrFundBalancesEOY |
| Mission Description | THE MISSION OF WELLS COLLEGE IS TO EDUCATE STUDENTS TO THINK CRITICALLY, REASON WISELY, AND ACT HUMANELY AS THEY CULTIVATE MEANINGFUL LIVES. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 24145293 | Expense |
| Grants | 8442935 | Grants |
| Revenue | 24145293 | Revenue |
| Description | HIGHER EDUCATION - INSTRUCTIONAL COSTS INCLUDING SALARY AND BENEFITS FOR FACULTY AND EXPENSES ASSOCIATED WITH MAINTAINING EDUCATIONAL DEPARTMENTS. ALL PROGRAM EXPENSES ARE INCURRED TO FURTHER THE EDUCATION OF THE STUDENTS.(475 AVERAGE STUDENT FTES) | Description |
| Total Program Service Expense | 24145293 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 0 | LobbyingActivities |
| Subject To Proxy Tax | 0 | SubjectToProxyTax |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 1 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 0 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 1 | ReportOtherAssets |
| Report Other Liabilities | 1 | ReportOtherLiabilities |
| Report Fin48 Footnote | 1 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 0 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 1 | ConsolidatedAuditFinancialStmt |
| School | 1 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 0 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 0 | GrantsToOrganizations |
| Grants To Individuals | 1 | GrantsToIndividuals |
| Schedule J Required | 1 | ScheduleJRequired |
| Tax Exempt Bonds | 0 | TaxExemptBonds |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 0 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 0 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 1 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transaction Related Entity | 0 | TransactionRelatedEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 80 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 682 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 1 | UnrelatedBusinessIncome |
| Form990-T Filed | 1 | Form990-TFiled |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributions |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | 0 | FundsToPayPremiums |
| Premiums Paid | 0 | PremiumsPaid |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 19 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 18 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 0 | MembersOrStockholders |
| Election Of Board Members | 0 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 0 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 1 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | WALTER C NEWCOMB | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 3153643208 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | ROUTE 90 | AddressLine1 |
| City | AURORA | City |
| State | NY | State |
| ZIP Code | 13026 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (23 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation |
|---|---|---|---|---|---|---|
| STANLEY KOTT | ||||||
| CHAIR | 1.00 | X | X | 0 | 0 | 0 |
| ARTHUR BELLINZONI | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| CARRIE BOLTON | ||||||
| VICE CHAIR | 1.00 | X | X | 0 | 0 | 0 |
| MARIE CARROLL | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| SARAH CHASE | ||||||
| SECRETARY | 1.00 | X | X | 0 | 0 | 0 |
| FIONA FEIN | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| PAMELA EDGERTON FERGUSON | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| DANIEL FESSENDEN | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| SARAH JANKOWSKI | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| DUNCAN LAWRENCE | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| ALAN MARCHISOTTO | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| LAURA MASSE | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| AMY CERAND MCNAUGHTON | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| HON RENEE FORGENSI MINARIK | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| JOHN ANDREW NOEL JR | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| LISA MARSH RYERSON | ||||||
| PRESIDENT | 40.00 | X | X | 224064 | 0 | 47054 |
| GEORGE SLOCUM | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| STEPHEN ZABRISKIE | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| LESLIE MILLER-BERNAL | ||||||
| PROVOST, DEAN OF COLLEGE (FORMER) | 40.00 | X | 155000 | 0 | 10710 | |
| MICHAL MCGREEVEY | ||||||
| VP FOR ADVANCEMENT | 40.00 | X | 120227 | 0 | 25248 | |
| MEREDITH VANDUYNE | ||||||
| ASSISTANT TO PRESIDENT | 40.00 | X | 65700 | 0 | 13798 | |
| WALTER C NEWCOMB | ||||||
| CHEIF OPERATING OFFICER | 40.00 | X | 146667 | 0 | 27133 | |
| CINDY SPEAKER | ||||||
| PROVOST, DEAN OF COLLEGE | 40.00 | X | 104256 | 0 | 21893 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 815914 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 145836 | TotalOtherCompensation |
| Number Individuals GT100 K | 5 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation
Name Of Contractor NameOfContractor
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BOND SCHOENECK & KING PLLC | BusinessNameLine1 |
Address Of Contractor AddressOfContractor
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | ONE LINCOLN CENTER | AddressLine1 |
| City | SYRACUSE | City |
| State | NY | State |
| ZIP Code | 13202 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description Of Services | LEGAL SERVICES | DescriptionOfServices |
| Compensation | 208673 | Compensation |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 1 | NumberOfContractorsGT100K |
| Government Grants | 195957 | GovernmentGrants |
| All Other Contributions | 3694328 | AllOtherContributions |
| Total Contributions | 3890285 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (2 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome | Unrelated Business RevenueUnrelatedBusinessRevenue |
|---|---|---|---|---|
| TUITION & FEES | 611600 | 14842678 | 14842678 | |
| AUXILLIARY ENTERPRISES | 611710 | 7357027 | 7298052 | 58975 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 22199705 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 433124 | TotalRevenueColumn |
| Exclusion | $433,124 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 9119556 | Securities |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 9072498 | Securities |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 47058 | Securities |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 47058 | TotalRevenueColumn |
| Exclusion | $47,058 | ExclusionAmount |
Other Revenue Misc OtherRevenueMisc
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | OTHER REVENUE | Description |
| Business Code | 611600 | BusinessCode |
| Total Revenue Column | 114747 | TotalRevenueColumn |
| Related Or Exempt Function Income | 114747 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 114747 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 26684919 | TotalRevenueColumn |
| Related Or Exempt Function Income | 22255477 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 58975 | UnrelatedBusinessRevenue |
| Exclusion | $480,182 | ExclusionAmount |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 8442935 | Total |
| Program Services | 8442935 | ProgramServices |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 965417 | Total |
| Management And General | 965417 | ManagementAndGeneral |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 8179346 | Total |
| Program Services | 6144537 | ProgramServices |
| Management And General | 1549093 | ManagementAndGeneral |
| Fundraising | 485716 | Fundraising |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 95081 | Total |
| Program Services | 71311 | ProgramServices |
| Management And General | 18065 | ManagementAndGeneral |
| Fundraising | 5705 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 610228 | Total |
| Program Services | 457671 | ProgramServices |
| Management And General | 115943 | ManagementAndGeneral |
| Fundraising | 36614 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 742194 | Total |
| Program Services | 556646 | ProgramServices |
| Management And General | 141017 | ManagementAndGeneral |
| Fundraising | 44531 | Fundraising |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 126521 | Total |
| Management And General | 126521 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 81500 | Total |
| Management And General | 81500 | ManagementAndGeneral |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 166035 | Total |
| Management And General | 166035 | ManagementAndGeneral |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 778857 | Total |
| Program Services | 461293 | ProgramServices |
| Management And General | 163479 | ManagementAndGeneral |
| Fundraising | 154085 | Fundraising |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 541689 | Total |
| Program Services | 440054 | ProgramServices |
| Management And General | 32114 | ManagementAndGeneral |
| Fundraising | 69521 | Fundraising |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1022397 | Total |
| Program Services | 642066 | ProgramServices |
| Management And General | 265080 | ManagementAndGeneral |
| Fundraising | 115251 | Fundraising |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 427578 | Total |
| Program Services | 122111 | ProgramServices |
| Management And General | 304671 | ManagementAndGeneral |
| Fundraising | 796 | Fundraising |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1740658 | Total |
| Program Services | 1527270 | ProgramServices |
| Management And General | 158489 | ManagementAndGeneral |
| Fundraising | 54899 | Fundraising |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 490479 | Total |
| Program Services | 356337 | ProgramServices |
| Management And General | 97361 | ManagementAndGeneral |
| Fundraising | 36781 | Fundraising |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 107304 | Total |
| Program Services | 96237 | ProgramServices |
| Management And General | 8287 | ManagementAndGeneral |
| Fundraising | 2780 | Fundraising |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 52822 | Total |
| Management And General | 52822 | ManagementAndGeneral |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1213375 | Total |
| Program Services | 1213375 | ProgramServices |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 267651 | Total |
| Program Services | 190516 | ProgramServices |
| Management And General | 70466 | ManagementAndGeneral |
| Fundraising | 6669 | Fundraising |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral | FundraisingFundraising |
|---|---|---|---|---|
| MEALS AND ENTERTAINMENT | 1640550 | 1584781 | 52320 | 3449 |
| STUDY ABROAD | 998395 | 998395 | ||
| STUDENT AND FACULTY SER | 519022 | 506609 | 10026 | 2387 |
| BOOKSTORE | 202465 | 202465 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 631071 | Total |
| Program Services | 130684 | ProgramServices |
| Management And General | 472378 | ManagementAndGeneral |
| Fundraising | 28009 | Fundraising |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 30043570 | Total |
| Program Services | 24145293 | ProgramServices |
| Management And General | 4851084 | ManagementAndGeneral |
| Fundraising | 1047193 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5423489 | BOY |
| EOY | 461803 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 41026 | BOY |
| EOY | 40486 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5259750 | BOY |
| EOY | 3162715 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 505171 | BOY |
| EOY | 666279 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 795982 | BOY |
| EOY | 858005 | EOY |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 226731 | BOY |
| EOY | 184589 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 54694 | BOY |
| EOY | 72802 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 63371406 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 32794508 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 28622642 | BOY |
| EOY | 30576898 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 22174910 | BOY |
| EOY | 23393176 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 100000 | BOY |
| EOY | 100000 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3351527 | BOY |
| EOY | 3233059 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 66555922 | BOY |
| EOY | 62749812 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1121175 | BOY |
| EOY | 1074273 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 183016 | BOY |
| EOY | 198986 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | 990000 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1615160 | BOY |
| EOY | 1528257 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2919351 | BOY |
| EOY | 3791516 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 22734416 | BOY |
| EOY | 17609846 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2419868 | BOY |
| EOY | 2387398 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 38482287 | BOY |
| EOY | 38961052 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 63636571 | BOY |
| EOY | 58958296 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 66555922 | BOY |
| EOY | 62749812 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | -3358651 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | -1319624 | ReconcilationOtherChanges |
| Info In Schedule O Part XII | X | InfoInScheduleOPartXII |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
| Audit Committee | 1 | AuditCommittee |
| Financial Statement Both | X | FinancialStatementBoth |
| Federal Grant Audit Required | 1 | FederalGrantAuditRequired |
| Federal Grant Audit Performed | 1 | FederalGrantAuditPerformed |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School170b1 Aii | X | School170b1Aii |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule D IRS990ScheduleD
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 38482287 | BeginningOfYearBalance |
| Contributions | 597915 | Contributions |
| Investment Earnings Or Losses | -56841 | InvestmentEarningsOrLosses |
| Administrative Expenses | 42309 | AdministrativeExpenses |
| End Of Year Balance | 38981052 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 34683322 | BeginningOfYearBalance |
| Contributions | 4699001 | Contributions |
| Investment Earnings Or Losses | 32265 | InvestmentEarningsOrLosses |
| Other Expenditures | 866301 | OtherExpenditures |
| Administrative Expenses | 66000 | AdministrativeExpenses |
| End Of Year Balance | 38482287 | EndOfYearBalance |
Current Year Minus2 Years CurrentYearMinus2Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 38832506 | BeginningOfYearBalance |
| Contributions | 330241 | Contributions |
| Investment Earnings Or Losses | 315146 | InvestmentEarningsOrLosses |
| Other Expenditures | 4419571 | OtherExpenditures |
| Administrative Expenses | 375000 | AdministrativeExpenses |
| End Of Year Balance | 34683322 | EndOfYearBalance |
Current Year Minus3 Years CurrentYearMinus3Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 38840747 | BeginningOfYearBalance |
| Contributions | 305751 | Contributions |
| Investment Earnings Or Losses | -313992 | InvestmentEarningsOrLosses |
| End Of Year Balance | 38832506 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated EOY Balance | 0.00000 | BoardDesignatedEOYBalance |
| Permanent Endowment EOY Balance | 1.00000 | PermanentEndowmentEOYBalance |
| Endowments Held By Unrelated Orgs | 0 | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | 0 | EndowmentsHeldByRelatedOrgs |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 58969480 | OtherCostOrOtherBasis |
| Depreciation | 28783679 | Depreciation |
| Book Value | 30185801 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 4401926 | OtherCostOrOtherBasis |
| Depreciation | 4010829 | Depreciation |
| Book Value | 391097 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Book Value | 0 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 30576898 | TotalOfBookValueLandBuildings |
Other Assets OtherAssets (2 entries)
| DescriptionDescription | Book ValueBookValue |
|---|---|
| FUNDS HELD IN TRUST BY OTHERS | 600980 |
| DUE FROM AND INVESTMENT IN SUBSIDIARY | 2632079 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | 3233059 | TotalBookValueOtherAssets |
Other Liabilities OtherLiabilities (3 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| DEFERRED GIVING | $376,510 |
| PERKINS LOAN FUNDS | $858,007 |
| ASSET RETIREMENT OBLIGATION | $293,740 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 1528257 | TotalOfAmounts |
| Total Revenue | 26684919 | TotalRevenue |
| Total Expenses | 30043570 | TotalExpenses |
| Excess Or Deficit For Year | -3358651 | ExcessOrDeficitForYear |
| Net Unrealized GL On Investments | -413292 | NetUnrealizedGLOnInvestments |
| Other | -$906,332 | OtherAmount |
| Total Adjustments | -1319624 | TotalAdjustments |
| Excess Or Deficit Per FS | -4678275 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 16756325 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | -413292 | NetUnrealizedGainsInvestments |
| Other Revenues | -906332 | OtherRevenues |
| Revenue Not Rptd F990 | -1319624 | RevenueNotRptdF990 |
| Revenue Subtotal | 18075949 | RevenueSubtotal |
| Investment Expenses Not Included | 166035 | InvestmentExpensesNotIncluded |
| Other Revenues Not Included | 8442935 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | 8608970 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 26684919 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 21434600 | TotExpensesEtcAuditedFinclStmt |
| Expenses Not Rptd F990 | 0 | ExpensesNotRptdF990 |
| Expenses Subtotal | 21434600 | ExpensesSubtotal |
| Investment Expenses Not Included2 | 166035 | InvestmentExpensesNotIncluded2 |
| Other Expenses Not Included | 8442935 | OtherExpensesNotIncluded |
| Expenses Not Rptd On Fin Stmt | 8608970 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 30043570 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (6 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: | PART V, LINE 4: | THE COLLEGE'S PRIMARY INVESTMENT OBJECTIVE FOR THE ENDOWMENT ASSETS IS TO PROVIDE SUPPORT FOR THE COLLEGE'S MISSION OVER THE LONG TERM. |
| DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: | PART X: | WELLS COLLEGE IS A NOT-FOR-PROFIT CORPORATION AND IS EXEMPT FROM INCOME TAXES AS AN ORGANIZATION QUALIFIED UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. WELLS COLLEGE HAS ALSO BEEN CLASSIFIED BY THE INTERNAL REVENUE SERVICE AS AN ENTITY THAT IS NOT A PRIVATE FOUNDATION. FOR TAX-EXEMPT ENTITIES, THEIR TAX-EXEMPT STATUS ITSELF IS DEEMED TO BE AN UNCERTAINTY, SINCE EVENTS COULD POTENTIALLY OCCUR TO JEOPARDIZE THEIR TAX-EXEMPT STATUS. AS OF JUNE 30, 2012, THE COLLEGE DID NOT HAVE A LIABILITY FOR UNRECOGNIZED TAX BENEFITS. THE COLLEGE FILES TAX RETURNS IN THE U.S. FEDERAL JURISDICTION AND NEW YORK STATE. THE COLLEGE IS NO LONGER SUBJECT TO U.S. FEDERAL AND STATE INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS THROUGH 2009. |
| PART XI, LINE 8 - OTHER ADJUSTMENTS: | INVESTMENT IN AURORA INN INC. -860,819. CHANGE IN SPLIT INTEREST AGREEMENT -27,464. CHANGE IN VALUE OF FUNDS HELD BY OTHERS -18,049. TOTAL TO SCHEDULE D, PART XI, LINE 8: -906,332. | |
| PART XII, LINE 2D - OTHER ADJUSTMENTS: | INVESTMENT IN AURORA INN, INC. -860,819. CHANGE IN SPLIT INTEREST AGREEMENT -27,464. CHANGE IN VALUE OF FUNDS HELD BY OTHERS -18,049. | |
| PART XII, LINE 4B - OTHER ADJUSTMENTS: | SCHOLARSHIPS 8,442,935. | |
| PART XIII, LINE 4B - OTHER ADJUSTMENTS: | SCHOLARSHIPS 8,442,935. |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | 1 | NondiscriminatoryPolicyStmt |
| Policy Statement In Brochures Etc | 1 | PolicyStatementInBrochuresEtc |
| Policy Publ Via Broadcast Media | 1 | PolicyPublViaBroadcastMedia |
| Maint Racial Composition Records | 1 | MaintRacialCompositionRecords |
| Maint Scholarships Records | 1 | MaintScholarshipsRecords |
| Maint Copies Of Brochures Etc | 1 | MaintCopiesOfBrochuresEtc |
| Maint Copies Of All Solicitations | 1 | MaintCopiesOfAllSolicitations |
| Discriminate Race Students Rights | 0 | DiscriminateRaceStudentsRights |
| Discriminate Race Admiss Policies | 0 | DiscriminateRaceAdmissPolicies |
| Discriminate Race Emplmn Faculty | 0 | DiscriminateRaceEmplmnFaculty |
| Discriminate Race Scholarships | 0 | DiscriminateRaceScholarships |
| Discriminate Race Educ Policies | 0 | DiscriminateRaceEducPolicies |
| Discriminate Race Use Of Fclts | 0 | DiscriminateRaceUseOfFclts |
| Discriminate Race Athletic Prog | 0 | DiscriminateRaceAthleticProg |
| Discriminate Race Other Acty | 0 | DiscriminateRaceOtherActy |
| Government Financial Aid Received | 1 | GovernmentFinancialAidReceived |
| Government Financial Aid Revoked | 0 | GovernmentFinancialAidRevoked |
| Compliance With Rev Proc7550 | 1 | ComplianceWithRevProc7550 |
Form990 Schedule E Part II Form990ScheduleEPartII (2 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION | SCHEDULE E, PART I, LINE 3 | IN STUDENT BROCHURES, EMPLOYEE HANDBOOK, ORIENTATION MATERIALS |
| EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE | SCHEDULE E, PART I, LINE 6 | STUDENT FINANCIAL AID AND GOVERNMENT GRANTS FOR RESEARCH AND DEVELOPMENT OF PROFESSORS IN THE EDUCATION FIELDS. |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | 1 | RecordsMaintained |
Form990 Schedule I Part III Form990ScheduleIPartIII (2 entries)
| Type Of GrantTypeOfGrant | Number Of RecipientsNumberOfRecipients | Amount Of Cash GrantAmountOfCashGrant |
|---|---|---|
| WELLS GRANT | 482 | 8367257 |
| SEOG GRANT | 209 | 75678 |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | PROCEDURE FOR MONITORING GRANTS IN THE U.S.: | Identifier |
| Return Reference | PART I, LINE 2: | ReturnReference |
| Explanation | SCHEDULE I, PART I, LINE 2: APPLICATIONS ARE RECEIVED AND GRANTS ARE AWARDED FOR NEED BASED ELIGIBLE STUDENTS AND FOR ACADEMIC PERFORMANCE. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Travel For Companions | X | TravelForCompanions |
| Housing Allowance Or Residence | X | HousingAllowanceOrResidence |
| Payments For Use Of Residence | X | PaymentsForUseOfResidence |
| Personal Services | X | PersonalServices |
| Written Policy Re T And E Expenses | 1 | WrittenPolicyReTAndEExpenses |
| Substantiation Required | 1 | SubstantiationRequired |
| Written Employment Contract | X | WrittenEmploymentContract |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | 0 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 0 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | 0 | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | 0 | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | 0 | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | 0 | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | 0 | AnyNonFixedPayments |
| Initial Contract Exception | 0 | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII (3 entries)
| Base Compensation Filing OrgBaseCompensationFilingOrg | Comp Based On Related OrgsCompBasedOnRelatedOrgs | Bonus Filing OrgBonusFilingOrg | Bonus Related OrgsBonusRelatedOrgs | Other Compensation Filing OrgOtherCompensationFilingOrg | Other Compensation Related OrgsOtherCompensationRelatedOrgs | Deferred Comp Filing OrgDeferredCompFilingOrg | Deferred Comp Related OrgsDeferredCompRelatedOrgs | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs | Total Compensation Filing OrgTotalCompensationFilingOrg | Total Compensation Related OrgsTotalCompensationRelatedOrgs | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg | Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| LISA MARSH RYERSON | |||||||||||||
| 224064 | 0 | 0 | 0 | 0 | 0 | 5602 | 0 | 41452 | 0 | 271118 | 0 | 0 | 0 |
| LESLIE MILLER-BERNAL | |||||||||||||
| 51000 | 0 | 0 | 0 | 104000 | 0 | 1275 | 0 | 9435 | 0 | 165710 | 0 | 0 | 0 |
| WALTER C NEWCOMB | |||||||||||||
| 146667 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 27133 | 0 | 173800 | 0 | 0 | 0 |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (6 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| FORM 990, PART VI, SECTION B, LINE 11 | THE COLLEGE PROVIDES A DRAFT COPY OF THE IRS FORM 990 TO THE CHAIR OF THE AUDIT COMMITTEE FOR REVIEW AND APPROVAL PRIOR TO COMPLETION AND FILING WITH THE INTERNAL REVENUE SERVICE. THE IRS FORM 990 IS ALSO POSTED ON THE TRUSTEE WEBSITE FOR REVIEW AND APPROVAL BY ALL TRUSTEES. | |
| FORM 990, PART VI, SECTION B, LINE 12C | EACH YEAR BOARD MEMBERS ARE REQUIRED TO SIGN A CONFLICT OF INTEREST STATEMENT. STATEMENTS ARE REVIEWED ANNUALLY BY THE BOARD CHAIR AND THE PRESIDENT OF THE COLLEGE, AND THE COLLEGE'S BOARD OF TRUSTEES' SECRETARY WHO MONITORS AND ASSURES COMPLIANCE WITH INSTITUTIONAL POLICIES AND PRACTICES AS APPROPRIATE. | |
| FORM 990, PART VI, SECTION B, LINE 15 | THE STARTING SALARY AND BENEFITS PACKAGE FOR THE PRESIDENT IS DETERMINED BY THE EXECUTIVE COMMITTEE AND IS PRESENTED TO THE BOARD OF TRUSTEES FOR APPROVAL. ON AN ANNUAL BASIS, THE EXECUTIVE COMMITTEE REVIEWS AND APPROVES PERFORMANCE GOALS AND OBJECTIVES WITH RESPECT TO COMPENSATION. IF, BASED ON THE EVALUATION AND BENCHMARK DATA COMPILED, A CONTRACT CHANGE IS RECOMMENDED, IT IS VOTED ON BY THE BOARD. | |
| FORM 990, PART VI, SECTION C, LINE 19 | GRANTED UPON WRITTEN REQUEST OF AN INDIVIDUAL. ALL FORMS ARE AVAILABLE AT THE COLLEGE'S ADMINISTRATIVE OFFICES DURING NORMAL BUSINESS HOURS. A REPRESENTATIVE FROM THE COLLEGE WILL BE PRESENT AT ALL TIMES DURING THE REVIEW. UPON REQUEST, COPIES OF THE FORMS WILL BE PROVIDED. COPIES ARE ALSO AVAILABLE AT GUIDESTAR.ORG | |
| FORM 990, PART XI, LINE 5: | NET UNREALIZED LOSSES ON INVESTMENTS: -413,292. INVESTMENT IN AURORA INN INC. -860,819. CHANGE IN SPLIT INTEREST AGREEMENT -27,464. CHANGE IN VALUE OF FUNDS HELD BY OTHERS -18,049. TOTAL TO FORM 990, PART XI, LINE 5: -1,319,624. | CHANGES IN NET ASSETS OR FUND BALANCES: |
| FORM 990 PART XII LINE 2C | THE AUDIT COMMITTEE IS CHARGED WITH OVERSIGHT AND SELECTION OF INDEPENDENT AUDITORS. | SELECTION AND OVERSIGHT OF INDEPENDENT AUDITOR |
Schedule R IRS990ScheduleR
Form990 Schedule R Part IV Form990ScheduleRPartIV
Name Of Related Org NameOfRelatedOrg
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | AURORA INN INC | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 391 MAIN STREET | AddressLine1 |
| City | AURORA | City |
| State | NY | State |
| ZIP Code | 13026 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 150500471 | EIN |
| Primary Activity | RESTAURANT/INN | PrimaryActivity |
| Legal Domicile State | NY | LegalDomicileState |
| Type Of Entity | C | TypeOfEntity |
| Share Of Total Income | -860819 | ShareOfTotalIncome |
| Share Of EOY Assets | 3500296 | ShareOfEOYAssets |
| Percentage Ownership | 1.00000 | PercentageOwnership |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Ann Rents Royalties | 0 | ReceiptOfIntAnnRentsRoyalties |
| Gift Grant Or Cap Contr To Other Org | 0 | GiftGrantOrCapContrToOtherOrg |
| Gift Grant Or Cap Contr Fr Other Org | 0 | GiftGrantOrCapContrFrOtherOrg |
| Loans Or Guarantees To Other Org | 1 | LoansOrGuaranteesToOtherOrg |
| Loans Or Guarantees From Other Org | 0 | LoansOrGuaranteesFromOtherOrg |
| Sale Of Assets To Other Org | 0 | SaleOfAssetsToOtherOrg |
| Purchase Of Assets From Other Org | 1 | PurchaseOfAssetsFromOtherOrg |
| Exchange Of Assets | 0 | ExchangeOfAssets |
| Rental Of Facilities To Other Orgs | 0 | RentalOfFacilitiesToOtherOrgs |
| Rental Of Facilities Fr Other Orgs | 0 | RentalOfFacilitiesFrOtherOrgs |
| Perform Of Services For Other Orgs | 0 | PerformOfServicesForOtherOrgs |
| Perform Of Services By Other Orgs | 0 | PerformOfServicesByOtherOrgs |
| Sharing Of Facilities | 0 | SharingOfFacilities |
| Sharing Of Paid Employees | 0 | SharingOfPaidEmployees |
| Reimbursement Paid To Other Org | 1 | ReimbursementPaidToOtherOrg |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrg |
| Other Transfer To Other Org | 0 | OtherTransferToOtherOrg |
| Other Transfer From Other Org | 0 | OtherTransferFromOtherOrg |
Transactions Related Orgs Table TransactionsRelatedOrgsTable (3 entries)
| Transaction TypeTransactionType | Amount InvolvedAmountInvolved | Method Of Amt DeterminationMethodOfAmtDetermination |
|---|---|---|
| AURORA INN INC | ||
| D | 11936647 | BORROWINGS REQUIRED FOR OPERATION |
| AURORA INN INC | ||
| O | 127075 | AMOUNT PAID ON AII'S BEHALF |
| AURORA INN INC | ||
| G | 1226996 | FEES RELATING TO DINING SERVICES |