2013-07-02T11:16:39-05:00 2012-08-31 GRANT THORNTON LLP 666 THIRD AVENUE NEW YORK NY 100174057 990 2011-09-01 135604699 Wagner College % WILLIAM E MEA WAGN 7183903315 One Campus Road Staten Island NY 10301 RICHARD GUARASCI 2013-07-01 true Daniel Romano 2125990100 2011 2016-02-24 21:20:13Z RICHARD GUARASCI ONE CAMPUS ROAD STATEN ISLAND NY 10301 133214976 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 1659 23 61094 -1150 7299106 5199708 85684921 88145243 3769984 2349545 1829139 632317 98583150 96326813 26930976 29247126 0 0 36776787 38270984 0 0 2999223 28985721 29389230 92693484 96907340 5889666 -580527 165049750 178165379 84565904 95983462 80483846 82181917 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 29247126 29247126 72347515 scholarships/fellowships: scholarships and fellowships are awarded to approximately 90% of all full-time students, through the college's financial aid office. 21506124 0 514864 Instruction: Wagner College serves 2,240 students (fall 2011 semester). Wagner offers programs in humanities, performing and visual arts, professional programs, the sciences, and social sciences. 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. 11880146 0 15282864 Auxiliary services: Wagner college provides residence and dining services to approximately 80% of full-time undergraduate students. 14541496 0 0 Student Services AND ACADEMIC SUPPORT 14541496 0 0 77174892 true true false false false false false false false true true false 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 false true 278 0 true 1659 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 WILLIAM E MEA 7183903315 ONE CAMPUS ROAD staten island NY 10301 X LOUISE KAUFMAN 1.0 X X 0 0 0 JACK H IRVING 1.0 X X 0 0 0 JEFFREY D FORCHELLI 1.0 X X 0 0 0 ALETTA KIPP DIAMOND 1.0 X X 0 0 0 WALTER H BAUMHOFF 1.0 X JOHN J CAMPI 1.0 X DONALD M FOX 1.0 X 0 0 0 DAVID FRIEDMAN 1.0 X 0 0 0 PAUL HADDAD 1.0 X 0 0 0 JAY P HARTIG 1.0 X 0 0 0 RICHARD HERBURGER 1.0 X 0 0 0 NANCI Z KAUFFMAN 1.0 X 0 0 0 PETER A KNUDSEN 1.0 X 0 0 0 MARC LEBOVITZ 1.0 X 0 0 0 POLLY PECK-MOLES 1.0 X 0 0 0 DONNA MOLLICA NEW 1.0 X 0 0 0 ALFRED F PALLADINO 1.0 X 0 0 0 DIANNE M POWERS 1.0 X 0 0 0 WILLIAM RENSHAW 1.0 X 0 0 0 BISHOP ROBERT RIMBO 1.0 X 0 0 0 MAUREEN ROBINSON 1.0 X 0 0 0 KIMBERLY H SPIRO 1.0 X 0 0 0 FREDERICK C WILLIAMSON JR 1.0 X 0 0 0 RICHARD GUARASCI 40.0 X X 349172 0 99182 MYRA GARCIA 40.0 X 209435 0 37967 ANGELO G ARAIMO 40.0 X 159497 0 34118 WILLIAM E MEA 40.0 X 134267 0 45341 JOSEPH F ROMANO 40.0 X 130704 0 17800 LILY D MCNAIR 40.0 X 90000 0 34483 RUTA SHAH-GORDON 40.0 X 94450 0 29303 DAVID J MARTIN 40.0 X 133524 0 13167 WALTER C HAMELINE 40.0 X 198971 0 15626 SEYMOUR LACHMAN 40.0 X 166555 0 16228 DANIEL HURLEY 40.0 X 137350 0 30621 JOHN A CARRESCIA 40.0 X 135169 0 30778 DILAWAR GREWAL 40.0 X 125374 0 45430 2064468 0 450044 29 false true false Lackmann Culinary Services PO Box 417632 BOSTON MA 02241 Food services 3993041 Structure Tone Inc 770 Broadway NEW YORK NY 10003 CONSTRUCTION MGMT 3917403 Chartwells PO Box 91337 CHICAGO IL 60693 Food services 734612 Jenzabar Inc PO Box 845939 BOSTON MA 02284 SOFTWARE/COMPUTER 469952 THE RBA GROUP 7 CAMPUS DRIVE PARSIPPANY NJ 07054 ARCHITECTURE SVCS 377280 22 30275 1451491 3717942 191596 5199708 TUITION AND FEES 611600 72347515 72347515 AUXILIARY ENTERPRISES 611710 15282864 15223770 59094 EARLY CHILDHOOD CENTER 611710 361861 361861 THEATER 611600 153003 153003 88145243 1863610 1863610 0 0 96957 96957 96957 96957 37341057 36855122 485935 485935 485935 39863 30275 33041 6822 6822 0 0 FINES AND FEES 900099 110085 110085 OTHER INTEREST AND GAINS 900099 107549 107549 FERRY VAN INCOME 480000 80000 80000 230904 2000 228904 528538 96326813 88086149 61094 2979862 0 29247126 29247126 0 0 1475210 455000 812130 208080 123779 98279 25500 25588264 17944053 6519527 1124684 2294602 1720952 458920 114730 6832544 5124408 1366509 341627 1956585 1467439 391317 97829 0 87519 87519 208934 208934 0 0 573992 573992 470195 352646 94039 23510 132045 99034 26409 6602 8052639 6039479 1610528 402632 660283 495212 132057 33014 0 3461449 2596087 692290 173072 1696040 1272030 339208 84802 0 908522 681392 181704 45426 1271144 1271144 0 4592051 3444038 918410 229603 883453 187310 696143 DINING 4628733 4628733 HOSPITALITY 537646 403235 107529 26882 SUBSCRIPTIONS 307891 230918 61578 15395 MEMBERSHIPS 249802 187352 49960 12490 666892 500169 133378 33345 96907340 77174892 16733225 2999223 0 0 11012331 14969058 10753078 4921810 2968543 2575521 0 0 0 0 2241029 2766187 0 0 681676 916576 134046511 56288011 71553981 77758500 58324101 66836766 2204238 2209295 0 0 0 0 5310773 5211666 165049750 178165379 3434631 3571223 0 0 10298053 17326217 41345000 40365000 0 0 0 0 23370780 28715872 0 0 6117440 6005150 84565904 95983462 X 18860626 19358765 25290676 25838768 36332544 36984384 80483846 82181917 165049750 178165379 X -580527 2278598 X X false true true X true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 46002845 497305 2131936 298530 1898964 46434592 40417624 3245408 3896148 179036 1377299 46002845 37404464 708336 2409745 7000 97921 40417624 30840911 352444 -275298 169585 30748472 0.79648 0.20352 false false 4393475 4393475 109373838 42370525 67003313 15294138 11758877 3535261 4985060 2158609 2826451 77758500 0 REFUNDABLE FEDERAL GRANTS 2737563 ASSET RETIREMENT OBLIGATIONS 1878519 POSTRETIREMENT BENEFIT 94183 STUDENT DEPOSITS 438571 AMOUNTS HELD FOR OTHERS 207946 OBLIGATIONS UNDER DERIVATIVE INST. 648368 6005150 96326813 96907340 -580527 1933075 345523 2278598 1698071 68817334 1933075 33041 1966116 66851218 573992 28901603 29475595 96326813 67119263 33041 33041 67086222 573992 29247126 29821118 96907340 Endowment Funds Part V, Lines 1a-1g The ending endowment fund balance from three years back does not tie to the beginning balance from two years back, due to the fact that in the fiscal year ended 8/31/2009, the College was unable to account for all endowment activity on a fund by fund basis. This activity included additions to funds through new contributions and investment income, as well as deductions from funds due to spending. Therefore, in the fiscal year ended 8/31/2009, the College was unable to provide complete disclosures in its financial statements. However, in the fiscal year ended 8/31/2010, the College completed an endowment rollforward by net asset type, and was able to determine all contribution, investment income, and spending figures. Since this time, the College has maintained a complete and accurate endowment rollforward. 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 $46,434,592 as of August 31, 2012, of which $36,984,384 is classified as permanently restricted net assets and $9,450,208 is classified as temporarily restricted net assets. 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, 2012 and 2011, 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, 2009, 2010, 2011, and 2012 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 Change in Net Assets from Form 990 to Audited FS PART XI, LINE 8 $345,523 represents total gains on the College's derivative instruments (one interest rate swap and two interest rate caps) for the fiscal year ended August 31, 2012. Reconciliation of Revenue per Audited FS with Revenue per Form 990 PART XII, Line 2d $33,041 represents total expenses related to the Golf Classic fundraising event for the fiscal year. PART XII, Line 4b $28,901,603 represents the sum of total scholarships and fellowships for the fiscal year of $29,247,126 and total gains on the College's derivative instruments (one interest rate swap and two interest rate caps) of $(345,523) for the fiscal year. Reconciliation of Expenses per Audited FS with Expenses per Form 990 PART XIII, lINE 2D $33,041 represents total expenses related to the Golf Classic fundraising event for the fiscal year. PART XIII, LINE 4b $29,247,126 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 0 0 Investments 1040000 0 0 0 0 1040000 1040000 false false false false true false PART I, LINE 3, COLUMN F THIS AMOUNT REFLECTS THE BOOK VALUE OF INVESTMENTS AT AUGUST 31, 2012. GOLF CLASSIC 70138 30275 39863 24802 94 8145 0 70138 30275 39863 24802 94 8145 33041 6822 true SCHOLARSHIPS & FELLOWSHIPS 1897 29247126 FMV TUITION CREDIT Monitoring the Use of Grant Funds in U.S. 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. X true true X X X X false true false false false false false false false RICHARD GUARASCI 342710 0 0 0 6462 0 24500 0 74682 0 448354 0 0 0 MYRA GARCIA 204160 0 0 0 5275 0 18482 0 19485 0 247402 0 0 0 ANGELO G ARAIMO 158333 0 0 0 1164 0 15833 0 18285 0 193615 0 0 0 WILLIAM E MEA 134267 0 0 0 0 0 12120 0 33221 0 179608 0 0 0 WALTER C HAMELINE 197265 0 0 0 1706 0 15626 0 0 0 214597 0 0 0 SEYMOUR LACHMAN 162278 0 0 0 4277 0 16228 0 0 0 182783 0 0 0 DANIEL HURLEY 137070 0 0 0 280 0 12336 0 18285 0 167971 0 0 0 JOHN A CARRESCIA 134933 0 0 0 236 0 12493 0 18285 0 165947 0 0 0 DILAWAR GREWAL 124933 0 0 0 441 0 11244 0 34186 0 170804 0 0 0 PART I, LINE 1A Wagner College provided housing on its business premises for the following officers - Richard Guarasci (President), Lily D. McNair (Provost and VP of Academic Affairs), William E. Mea (VP for Finance and Business), and Dilawar Grewal (Chief Information Officer); 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 - $18,592, William E. Mea - $18,400, and Dilawar Grewal - $16,946. 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, 2011, one person listed on Form 990, Part VII, Section A, line 1a (President Richard Guarasci) participated in a supplemental nonqualified retirement plan. He contributed $16,498 to the plan in calendar year 2011. 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, as well as the taxable portion of College-provided vehicles for respective employees. 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 and flexible spending account plan contributions. 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, the VP for Finance and Business, William E. Mea, and the Chief Information Officer, Dilawar Grewal, as well as the costs of their ordinary home utilities (electric, gas, water, and cable). DORMITORY AUTHORITY OF THE STATE OF NEW YORK 146000293 6499037Q8 2009-01-28 30500000 FINANCE NEW DORMITORY false false false 0 0 28509865 1085576 0 0 415922 488637 0 28139153 370712 0 2010 false false true true false false true true false 0.00140 0.00140 true false true true MORGAN STANLEY 3. false false false 0 false false X PART V 0 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 68779 ADMINISTRATOR false DAVID GORDON OFFICER'S SPOUSE 55000 PROFESSOR false Business Transactions Involving Interested Persons 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 $68,779 in compensation during the College's tax year. The spouse of the College's Assistant VP for Campus Life, David Gordon, is also employed by the College as an Education professor, and earned $55,000 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 7 191596 SELLING PRICE 0 false false false 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. Program Services Part III, Line 4d Student services - Services provided to 2,240 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. Also includes athletic services consisting of 18 varsity sports teams for men and women. Academic support - Services provided to 2,240 students include Academic Affairs, Technology Services, Library, Language Lab, Media Services, Nursing Lab, and Spiro Computer Lab. Board Review of Form 990 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. Conflict of Interest Policy 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. Document Retention and Destruction Policy 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. Compensation Review 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. Public Disclosure 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. Reconciliation of Net Assets Part XI, Line 5 The balance of $2,278,598 represents the sum of net unrealized gains on investments of $1,933,075 and total gains on the College's derivative instruments (one interest rate swap and two interest rate caps) of $345,523 for the fiscal year.