2013-05-01T15:29:59-05:00 2012-06-30 221478099 COHNREZNICK LLP 4 BECKER FARM ROAD ROSELAND NJ 070681739 990 2011-07-01 221500483 CALDWELL COLLEGE CALD 9736183230 120 BLOOMFIELD AVENUE CALDWELL NJ 070066195 JACK RAINEY 9736183230 2013-04-30 1 THOMAS LANNING P00851654 9732283500 2011 2016-03-07 17:11:31Z JACK RAINEY 9 RYERSON AVENUE CALDWELL NJ 07006 54896574 0 X HTTP://WWW.CALDWELL.EDU X 1939 NJ CALDWELL COLLEGE IS A PRIVATE LIBERAL ARTS INSTITUTION AFFILIATED WITH THE SISTERS OF ST. DOMINIC. THE EXEMPT PURPOSE IS TO PREPARE OUR STUDENTS THROUGH THE LIBERAL ARTS AND PROFESSIONAL STUDIES TO THINK CRITICALLY, PURSUE TRUTH, AND CONTRIBUTE TO A JUST SOCIETY. 29 28 924 13 80198 26491 1731350 4079298 40015536 41853858 236427 162410 5215317 6485806 47198630 52581372 12299264 13868664 0 0 17228800 19343665 0 0 776778 15156618 16950575 44684682 50162904 2513948 2418468 45429991 45289435 27452492 25220778 17977499 20068657 X FOUNDED IN 1939 BY THE SISTERS OF SAINT DOMINIC, CALDWELL COLLEGE PROMOTES INTELLECTUAL, SPIRITUAL, AND AESTHETIC GROWTH TO A DIVERSE POPULATION AND WELCOMES ALL CULTURES AND FAITH TRADITIONS.INSPIRED BY ST. DOMINIC DE GUZMAN AND OUR CATHOLIC HERITAGE, WE MAKE A DIFFERENCE IN THE LIVES OF OUR STUDENTS AND PREPARE THEM THROUGH THE LIBERAL ARTS AND PROFESSIONAL STUDIES TO THINK CRITICALLY, PURSUE TRUTH, AND CONTRIBUTE TO A JUST SOCIETY. 0 0 40124540 13868664 48115306 FOUNDED IN 1939 BY THE SISTERS OF SAINT DOMINIC, CALDWELL COLLEGE PROMOTES INTELLECTUAL, SPIRITUAL, AND AESTHETIC GROWTH TO A DIVERSE POPULATION AND WELCOMES ALL CULTURES AND FAITH TRADITIONS.INSPIRED BY ST. DOMINIC DE GUZMAN AND OUR CATHOLIC HERITAGE, WE MAKE A DIFFERENCE IN THE LIVES OF OUR STUDENTS AND PREPARE THEM THROUGH THE LIBERAL ARTS AND PROFESSIONAL STUDIES TO THINK CRITICALLY, PURSUE TRUTH, AND CONTRIBUTE TO A JUST SOCIETY. 40124540 1 1 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 1 57 0 1 924 1 1 1 0 0 0 0 1 1 0 0 0 0 X 29 28 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X JOHN RAINEY VP - FINANCE 9736183230 120 BLOOMFIELD AVENUE CALDWELL NJ 070066195 X HELEN WESTERVELT 1.00 X X 0 0 0 JOSEPH BECKER CPA 1.00 X X 0 0 0 BARRY E VANKAT 1.00 X 0 0 0 DANIEL A GERARDI PHD 1.00 X 0 0 0 ELIZABETH CHALAS BERMAN 1.00 X 0 0 0 GREGORY J CARAFELLO 1.00 X 0 0 0 JAMES R GONZALEZ 1.00 X 0 0 0 JOHN C PETERSON 1.00 X 0 0 0 KATHLEEN BARABAS 1.00 X 0 0 0 KENNETH J GILMORE 1.00 X 0 0 0 LINDA LUCIANO 1.00 X 0 0 0 LISA M BROMBERG ESQ 1.00 X 0 0 0 MAUREEN T BEZER 1.00 X 0 0 0 NANCY COSTELLO MILLER ESQ 1.00 X 0 0 0 PATRICK OSINSKI ESQ 1.00 X 0 0 0 ROBERT G PURDY 1.00 X 0 0 0 SR ARLENE ANTCZAK 1.00 X 0 0 0 SR DONNA CIANGIO 1.00 X 0 0 0 SR LUELLA RAMM 1.00 X 0 0 0 SR MARY EILEEN O'BRIEN OP PHD 1.00 X 0 0 0 SR MARY LOU BAUMAN 1.00 X 0 0 0 THOMAS J CONNAUGHTON 1.00 X 0 0 0 MARK A REDA 1.00 X 0 0 0 SR PATRICIA COSTELLO 1.00 X 0 0 0 LESLIE A ANDERSON 1.00 X 0 0 0 ROBERT IACULLO 1.00 X 0 0 0 EDWARD R COLLINS 1.00 X 0 0 0 MARILYN BASTARDI 1.00 X X 0 0 0 NANCY H BLATTNER PHD 35.00 X X 241775 0 30808 PATRICK PROGAR 35.00 X 124959 0 24642 JOHN T RAINEY 35.00 X 163323 0 24060 KEVIN D BOYLE 35.00 X 152088 0 8645 SHEILA O'ROURKE 35.00 X 110609 0 23379 SISTER KATHLEEN A TUITE 35.00 X 0 0 0 JOSEPH POSILLICO 35.00 X 139874 0 31123 RUTH M DEBAR 35.00 X 131518 0 9514 EDWARD J SCHONS 35.00 X 112519 0 16678 SHARON REEVE 35.00 X 157649 0 22225 STEPHEN MARET 35.00 X 134580 0 13597 MARIE MULLANEY 35.00 X 112204 0 6059 1581098 0 210730 11 0 1 0 GOURMET DINING SERVICES LLC 285 MADISON AVENUE MADISON NJ 07940 FOOD SERVICE 1829396 SJE GROUP LLC PO BOX 1573 MONTCLAIR NJ 01042 INTERIOR DESIGN 828838 HUDSON CONSTRUCTION GROUP 14 FOREST AVE CALDWELL NJ 07006 CONSTRUCTION 490123 WILLIAM H CONNOLY & ASSOC 56 PARK ST MONTCLAIR NJ 07042 INSURANCE BROKER 363314 APG SECURITY SERVICES 116 NORTH BROADWAY SOUTH AMBOY NJ 08879 SECURITY SERVICES 355697 6 244269 512334 3322695 2342870 4079298 TUITION & FEES 611710 41853858 41853858 41853858 97574 97574 247631 0 247631 247631 167433 80198 2305125 2240289 64836 64836 64836 51640 244269 74913 -23273 -23273 ROOM & BOARD 611710 5061987 5061987 JWEB REVENUE 611710 535566 535566 AUTISM CENTER 611710 472949 472949 190946 190946 6261448 52581372 48282739 80198 139137 13868664 13868664 1264707 912490 317154 35063 14382319 11594288 2342513 445518 474890 474890 2187369 2187369 1034380 1034380 212116 212116 202641 202641 94670 94670 27627 27627 143881 143881 1125799 1108186 17613 893788 743754 120294 29740 512357 512357 4190142 3896832 209507 83803 540431 362130 158141 20160 1268965 1199479 69486 1694218 1643280 39484 11454 292853 292853 FOOD 1471003 1471003 UTILITIES 1125388 1046611 56269 22508 NURSING PROGRAM 1069426 1069426 EQUIPMENT LEASING 635359 288064 347295 1449911 920333 401046 128532 50162904 40124540 9261586 776778 2082997 1546526 237013 142803 885478 1062481 463296 535423 60948607 25863724 34740473 35084883 4210311 4192963 2810423 2724356 45429991 45289435 3862166 2422423 790533 810935 20732373 19848285 2067420 2139135 27452492 25220778 X 13368777 15510815 928005 834403 3680717 3723439 17977499 20068657 45429991 45289435 X 2418468 -973310 X X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2248655 140101 -129186 121247 2138323 1964026 49000 267267 31638 2248655 1724910 3250 308884 73018 1964026 1984918 29264 -222977 66295 1724910 0.97240 0.02760 0 0 1151371 1151371 44834139 18178324 26655815 9201465 5524831 3676634 5761632 2160569 3601063 35084883 DEFERRED FINANCING COSTS 350694 DEPOSITS HELD BY TRUSTEE 730280 BENEFICIAL INTEREST IN PERPETUAL TRUST 1643382 2724356 MARKET VALUE OF SWAP 2139135 2139135 52581372 50162904 2418468 -255652 -717723 -973375 1445093 38534000 -255652 -13866633 -14122285 52656285 -74913 -74913 52581372 36440870 146630 146630 36294240 13868664 13868664 50162904 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE COLLEGE IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND A SIMILAR PROVISION OF THE NEW JERSEY STATE INCOME TAX LAWS. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN REFLECTED IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE COLLEGE HAS NO UNRECOGNIZED TAX BENEFITS AT JUNE 30, 2012 AND 2011. THE COLLEGE'S U.S. FEDERAL AND STATE TAX FILINGS PRIOR TO FISCAL 2009 ARE CLOSED AND MANAGEMENT CONTINUALLY EVALUATES EXPIRING STATUTES OF LIMITATIONS, AUDITS, PROPOSED SETTLEMENTS, CHANGES IN TAX LAW AND NEW AUTHORITATIVE RULINGS. THE COLLEGE RECOGNIZES INTEREST AND PENALTIES ASSOCIATED WITH TAX MATTERS AS OPERATING EXPENSES AND INCLUDES ACCRUED INTEREST AND PENALTIES WITH ACCRUED EXPENSES IN THE STATEMENTS OF FINANCIAL POSITION. THERE WERE NO INTEREST OR PENALTIES PAID FOR THE YEARS ENDED JUNE 30, 2012 AND 2011. PART XI, LINE 8 - OTHER ADJUSTMENTS: INTEREST RATE SWAP -717,717. ROUNDING ADJ -6. TOTAL TO SCHEDULE D, PART XI, LINE 8: -717,723. PART XII, LINE 2D - OTHER ADJUSTMENTS: SCHOLARSHIP ALLOWANCE -13,868,664. FINANCIAL STATEMENT MISCELLANOUS ADJUSTMENT 2,031. PART XII, LINE 4B - OTHER ADJUSTMENTS: EVENT EXPENSE -74,913. PART XIII, LINE 2D - OTHER ADJUSTMENTS: EVENT EXPENSES 74,913. INTEREST RATE SWAP 71,717. PART XIII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIP ALLOWANCES 13,868,664. 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 CALDWELL COLLEGE USES THE FOLLOWING NOTICE IN NEWSPAPER, BROADCAST MEDIA ADMISSIONS AND CATALOGUES: CALDWELL COLLEGE DOES NOT DISCRIMINATE IN APPLICATIONS FOR STUDENTS IN PROGRAMS, FACILITIES OR SCHOLARSHIPS ON THE BASIS OF RACE, COLOR, CREED, AGE, NATIONAL OR ETHNIC ORIGIN OR DISABILITY. EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE SCHEDULE E, PART I, LINE 6 THE ORGANIZATION RECEIVES FUNDS FROM STATE OF NEW JERSEY UNDER THE EDUCATIONAL OPPORTUNITY FUND (EOF) OF NEW JERSEY. PRESIDENTIAL GALA 233819 202712 31107 47010 GOLF OUTING 62090 41557 20533 27903 295909 244269 51640 74913 74913 -23273 1 TUITION ASSISTANCE-SEE SUPPLEMANTAL INFORMATION PART V 1550 13868664 SUPPLEMENTAL TO SCHEDULE I PART I SPECIAL DISCOUNTS - 762,344 COLLEGE CONTRIBUTION - WORK STUDY 32,929 COLLEGE CONTRIBUTION - YOUTH MINISTRY 0 COLLEGE GRANTS 4,016,825 COLLEGE SCHOLARSHIPS 6,196,623 PRESIDENTIAL AWARDS 2,430,736 RESTRICTED SCHOLARSHIPS 174,154 CAMPUS EMPLOYMENT 203,694 GRADUATE ASSISTANTS 51,360 13,106,361 TOTAL TUITION ASSISTANCE 13,868,665 X X 1 1 X X X 0 0 0 0 0 0 0 0 0 NANCY H BLATTNER PHD 241408 0 0 0 367 0 10969 0 20920 0 273664 0 100000 0 PATRICK PROGAR 124804 0 0 0 155 0 6098 0 19523 0 150580 0 0 0 JOHN T RAINEY 162642 0 0 0 681 0 8330 0 16757 0 188410 0 81325 0 KEVIN D BOYLE 151908 0 0 0 180 0 7645 0 2018 0 161751 0 0 0 JOSEPH POSILLICO 139730 0 0 0 144 0 7471 0 24667 0 172012 0 73812 0 SHARON REEVE 157629 0 0 0 20 0 3600 0 19354 0 180603 0 0 0 SUPPLEMENTAL INFORMATION PART III PARTICK PROGAR, KEVIN BOYLE, AND SHARON REEVE WERE NOT INCLUDED ON PRIOR YEAR SCHEDULE J, THEREFORE PER IRS INSTRUCTIONS, COLUMN F HAS BEEN LEFT BLANK. WACHOVIA NJEFA 2006 SERIES F REVENUE BONDS 2006-07-01 21400000 FINANCING FOR CAMPUS BUILDINGS 0 0 0 DORMITORY SAFETY TRUST FUND SERIES 2003A 2003-10-09 209045 FINANCING 0 0 0 21400000 454379 20945621 2008 0 0 1 1 209045 209045 2004 0 0 1 1 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 X ENERGY PROJECT 1 1145991 FMV X CAFETERIA IMPROVEMENTS & REVNOVATION 1 1148329 FMV 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE MEMBER IS THE CONGREGATION OF THE SACRED HEART OF JESUS OF THE THIRD ORDER OF SAINT DOMINIC. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBER HAS THE POWER TO APPOINT OR REMOVE TRUSTEES. FORM 990, PART VI, SECTION A, LINE 7B THE CONGREGATION OF THE SACRED HEART OF JESUS OF THE THIRD ORDER OF SAINT DOMINIC HAVE RESERVED POWERS EXCLUSIVELY WITH CALDWELL COLLEGE. FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 IS REVIEWED IN DETAIL BY THE BOARD FINANCE COMMITTEE AND BOARD AUDIT COMMITTEE PRIOR TO FILING. THE FORM 990 WAS PROVIDED TO AND MADE AVAILABLE TO THE ORGANIZATION'S BOARD OF TRUSTEES AND EACH VOTING MEMBER OF THE ORGANIZATION'S GOVERNING BODY PRIOR TO ITS FILING THE FEDERAL FORM 990. AS PART OF THE TAX RETURN PREPARATION PROCESS, THE ORGANIZATION HIRED A PROFESSIONAL CPA FIRM WITH EXPERIENCE AND EXPERTISE IN NOT-FOR-PROFIT TAX RETURN PREPARATION TO PREPARE THE FORM 990. THE CPA FIRM'S TAX PROFESSIONALS WORKED CLOSELY WITH THE ORGANIZATION'S FINANCE PERSONNEL AND VARIOUS OTHER INDIVIDUALS OF THE ORGANIZATION TO COMPLETE THE PREPARATION OF THE RETURN. THE CPA FIRM PRESENTED AND EXPLAINED THE TAX RETURN TO THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES AS PART OF THEIR MEETING. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION REGULARLY MONITORS AND COMPLIES WITH ITS CONFLICT OF INTEREST POLICY. ANNUALLY, OFFICERS, KEY EMPLOYEES AND EACH MEMBER OF THE BOARD OF TRUSTEES RECEIVES THE ORGANIZATION'S CONFLICT OF INTEREST POLICY TO REVIEW. FORM 990, PART VI, SECTION B, LINE 15 ANNUALLY, THE COLLEGE ESTABLISHES AND MAINTAINS REASONABLE EXECUTIVE COMPENSATION AND BENEFITS PROGRAMS THAT ALLOW THE COLLEGE TO EFFECTIVELY ATTRACT, RETAIN AND MOTIVATE KEY EXECUTIVES WHILE MAINTAINING COMPLIANCE WITH ALL LEGAL REQUIREMENTS. THE PROCESS FOR DETERMINING COMPENSATION OF THE PRESIDENT AND OTHER KEY OFFICERS OF THE ORGANIZATION INCLUDES UTILIZING COMPARABLE INDUSTRY DATA. THE COMPENSATION OF THE PRESIDENT IS REVIEWED AND APPROVED BY THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION C, LINE 19 THE COLLEGE MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY OR FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART VII SISTER KATHLEEN TUITE IS AN OFFICER OF THE COLLEGE, BUT SHE IS NOT ISSUED A W-2 FOR THE SALARY SHE DERIVES. FOR CALENDAR YEAR 2011, SISTER KATHLEEN WAS PAID $100,000 HOWEVER, SHE RECEIVES NO BENEFITS FROM THE COLLEGE AND HER ENTIRE SALARY IS DEPOSITED DIRECTLY TO THE SISTERS OF SAINT DOMINCK BANK ACCOUNT. PER THE INSTRUCTIONS TO THE FORM 990, HER SALARY IS NOT REQUIRED TO BE REPORTED IN SCHEDULE J OR FORM 990 PART VII. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -255,652. INTEREST RATE SWAP -717,717. ROUNDING ADJ 59. TOTAL TO FORM 990, PART XI, LINE 5: -973,310. FORM 990 PART XII, LINE 2C THE ORGANIZATION HAS AN AUDIT COMMITTEE WHO OVERSEES THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTS ITS INDEPENDENT ACCOUNTANTS. SISTERS OF ST DOMINIC 1 RYERSON AVENUE CALDWELL NJ 07006 221524780 RELIGIOUS ORGANIZATION NJ RELIGIOUS 501(C) 3 N/A 0 0 0 0 0 1 0 0 0 0 1 0 0 1 1 1 0 0 0 CONGREGATION OF THE SACRED HEART OF JESUS OF THE THRID ORDER OF ST DOMINIC J 529992 FMV