WAGNER COLLEGE: Form 990, tax year 2010
View the entire original 990 at ProPublica ↗
- Organization
- WAGNER COLLEGE (EIN 13-5604699)
- Tax period
- 2010-09-01 to 2011-08-31
- Filed
- 2012-06-29
- IRS object ID
- 201221819349300527
- Schema version
- 2010v3.7
- 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 F
- Schedule G
- Schedule I
- Schedule J
- Schedule K
- Schedule L
- Schedule M
- Schedule O
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2012-06-29T15:51:49-04:00 | Timestamp |
| Tax Period End Date | 2011-08-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | KPMG LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 345 Park Avenue | AddressLine1 |
| City | New York | City |
| State | NY | State |
| ZIP Code | 101540102 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2010-09-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 135604699 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | WAGNER COLLEGE | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | WAGN | NameControl |
| Phone | 7183903315 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | ONE CAMPUS ROAD | AddressLine1 |
| City | STATEN ISLAND | City |
| State | NY | State |
| ZIP Code | 10301 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | RICHARD GUARASCI | Name |
| Title | PRESIDENT | Title |
| Date Signed | 2012-06-25 | DateSigned |
| Authorize Third Party | true | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | KPMG LLP | Name |
| Phone | 2127589700 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2010 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | RICHARD GUARASCI | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | ONE CAMPUS ROAD | AddressLine1 |
| City | STATEN ISLAND | City |
| State | NY | State |
| ZIP Code | 10301 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 135703003 | GrossReceipts |
| Group Return For Affiliates | false | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | WWW.WAGNER.EDU | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1883 | YearFormation |
| State Legal Domicile | NY | StateLegalDomicile |
| Activity Or Mission Description | WAGNER COLLEGE PREPARES STUDENTS FOR LIFE, AS WELL AS FOR CAREERS, BY EMPHASIZING SCHOLARSHIP, ACHIEVEMENT, LEADERSHIP, AND CITIZENSHIP. SEE SCHEDULE O. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 24 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 23 | NbrIndependentVotingMembers |
| Total Nbr Employees | 1619 | TotalNbrEmployees |
| Total Nbr Volunteers | 23 | TotalNbrVolunteers |
| Total Gross UBI | 40000 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | -250 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 7485465 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 7299106 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 82181869 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 85684921 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 3427924 | InvestmentIncomePriorYear |
| Investment Income Current Year | 3769984 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 1326843 | OtherRevenuePriorYear |
| Other Revenue Current Year | 1829139 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 94422101 | TotalRevenuePriorYear |
| Total Revenue Current Year | 98583150 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 24823377 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 26930976 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 35267826 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 36776787 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 2998293 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 27307271 | OtherExpensePriorYear |
| Other Expenses Current Year | 28985721 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 87398474 | TotalExpensesPriorYear |
| Total Expenses Current Year | 92693484 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 7023627 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 5889666 | RevenuesLessExpensesCY |
| Total Assets BOY | 161987498 | TotalAssetsBOY |
| Total Assets EOY | 165049750 | TotalAssetsEOY |
| Total Liabilities BOY | 89521026 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 84565904 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 72466472 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 80483846 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | SEE SCHEDULE O. | MissionDescription |
| Significant New Program Services | false | SignificantNewProgramServices |
| Significant Change | false | SignificantChange |
| Expense | 47978299 | Expense |
| Grants | 26930976 | Grants |
| Revenue | 70470617 | Revenue |
| Description | INSTRUCTIONAL, SERVING 2,271 STUDENTS - PROGRAMS IN HUMANITIES, PERFORMING AND VISUAL ARTS, PROFESSIONAL PROGRAMS, SCIENCE AND SOCIAL SCIENCES - CONFERRING THE FOLLOWING DEGREES: B.A., B.S., B.S. - EDUCATION, M.B.A., M.S. - EDUCATION, M.S. - ACCOUNTING, M.S. - NURSING, M.S. - MICROBIOLOGY, M.S. - ADVANCED PHYSICIAN ASSISTANT, EXECUTIVE M.B.A. | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 14048577 | Expense |
| Revenue | 15214304 | Revenue |
| Description | AUXILIARY SERVICES FOR 2,271 STUDENTS, INCLUDING DINING SERVICES AND ROOM AND BOARD FOR APPROXIMATELY 78% OF FULL-TIME UNDERGRADUATE STUDENTS, AND ATHLETIC SERVICES CONSISTING OF 18 VARSITY SPORTS TEAMS FOR MEN AND WOMEN. | Description |
Activity3 Activity3
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 8084795 | Expense |
| Description | STUDENT SERVICES FOR 2,271 STUDENTS, INCLUDING 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 | Description |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Other Program Service Exp | 3959462 | TotalOfOtherProgramServiceExp |
| Total Program Service Expense | 74071133 | TotalProgramServiceExpense |
| Described In501 C3 | true | DescribedIn501C3 |
| Schedule B Required | true | ScheduleBRequired |
| Political Activities | false | PoliticalActivities |
| Lobbying Activities | false | LobbyingActivities |
| Donor Advised Funds | false | DonorAdvisedFunds |
| Conservation Easements | false | ConservationEasements |
| Collections Of Art | false | CollectionsOfArt |
| Credit Counseling | false | CreditCounseling |
| Term Or Permanent Endowments | true | TermOrPermanentEndowments |
| Report Land Bldg Equip | true | ReportLandBldgEquip |
| Report Invest Oth Securities | false | ReportInvestOthSecurities |
| Report Prog Rel Invest | false | ReportProgRelInvest |
| Report Other Assets | false | ReportOtherAssets |
| Report Other Liabilities | true | ReportOtherLiabilities |
| Report Fin48 Footnote | true | ReportFin48Footnote |
| Independent Audit Financial Stmt | true | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | false | ConsolidatedAuditFinancialStmt |
| School | true | School |
| Foreign Office | false | ForeignOffice |
| Foreign Activities | true | ForeignActivities |
| More Than5000 K To Organizations | false | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividuals |
| Professional Fundraising | false | ProfessionalFundraising |
| Fundraising Activities | true | FundraisingActivities |
| Gaming | false | Gaming |
| Hospital | false | Hospital |
| Grants To Organizations | false | GrantsToOrganizations |
| Grants To Individuals | true | GrantsToIndividuals |
| Schedule J Required | true | ScheduleJRequired |
| Tax Exempt Bonds | true | TaxExemptBonds |
| Invest Tax Exempt Bonds | false | InvestTaxExemptBonds |
| Escrow Account | false | EscrowAccount |
| On Behalf Of Issuer | false | OnBehalfOfIssuer |
| Excess Benefit Transaction | false | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | false | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | false | LoanToOfficerOrDQP |
| Grant To Related Person | false | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | false | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | true | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | false | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | true | DeductibleNonCashContributions |
| Deductible Contributions Of Art | false | DeductibleContributionsOfArt |
| Terminated | false | Terminated |
| Partial Liquidation | false | PartialLiquidation |
| Disregarded Entity | false | DisregardedEntity |
| Related Entity | false | RelatedEntity |
| Related Org Controlled Entity | false | RelatedOrgControlledEntity |
| Transaction Related Entity | false | TransactionRelatedEntity |
| Transfers To Exempt Non Chrtbl Org | false | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | false | ActivitiesConductedPartnership |
| Schedule O Required | true | ScheduleORequired |
| Number Forms Transmitted With1096 | 207 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | true | ComplianceWithBackupWitholding |
| Number Of Employees | 1619 | NumberOfEmployees |
| Employment Tax Returns Filed | true | EmploymentTaxReturnsFiled |
| Unrelated Business Income | true | UnrelatedBusinessIncome |
| Form990-T Filed | true | Form990-TFiled |
| Foreign Financial Account | false | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTrans |
| Taxable Party Notification | false | TaxablePartyNotification |
| Non Deductible Contributions | false | NonDeductibleContributions |
| Quid Pro Quo Contributions | true | QuidProQuoContributions |
| Quid Pro Quo Disclosure | true | QuidProQuoDisclosure |
| Form8282 Property Disposed Of | false | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | false | FundsToPayPremiums |
| Premiums Paid | false | PremiumsPaid |
| Indoor Tanning Services | false | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 24 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 23 | NumberIndependentVotingMembers |
| Family Or Business Relationship | true | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | false | DelegationOfManagementDuties |
| Changes To Organizing Docs | false | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuse |
| Members Or Stockholders | false | MembersOrStockholders |
| Election Of Board Members | false | ElectionOfBoardMembers |
| Decisions Subject To Approval | false | DecisionsSubjectToApproval |
| Minutes Of Governing Body | true | MinutesOfGoverningBody |
| Minutes Of Committees | true | MinutesOfCommittees |
| Officer Mailing Address | false | OfficerMailingAddress |
| Local Chapters | false | LocalChapters |
| Form990 Provided To Governing Body | true | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | true | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | true | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | true | RegularMonitoringEnforcement |
| Whistleblower Policy | true | WhistleblowerPolicy |
| Document Retention Policy | false | DocumentRetentionPolicy |
| Compensation Process CEO | true | CompensationProcessCEO |
| Compensation Process Other | true | CompensationProcessOther |
| Investment In Joint Venture | false | InvestmentInJointVenture |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | WILLIAM E MEA | NamePerson |
| Telephone Number | 7183903315 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | ONE CAMPUS ROAD | AddressLine1 |
| City | STATEN ISLAND | City |
| State | NY | State |
| ZIP Code | 10301 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part VII | X | InfoInScheduleOPartVII |
Form990 Part VII Section A Form990PartVIISectionA (38 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | OfficerOfficer | Highest Compensated EmployeeHighestCompensatedEmployee | FormerFormer |
|---|---|---|---|---|---|---|---|---|
| WALTER H BAUMHOFF | ||||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | |||
| NANCI Z KAUFFMAN | ||||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | |||
| PETER KNUDSEN | ||||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | |||
| ROBERT BONVINO | ||||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | |||
| JOHN J CAMPI | ||||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | |||
| ANDREW CORTESE | ||||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | |||
| ALETTA KIPP DIAMOND | ||||||||
| TRUSTEE AND SECRETARY | 1.0 | X | 0 | 0 | 0 | |||
| MICHAEL F TADROO | ||||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | |||
| JEFFREY D FORCHELLI | ||||||||
| TRUSTEE AND TREASURER | 1.0 | X | 0 | 0 | 0 | |||
| DONALD M FOX | ||||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | |||
| DAVID M FRIEDMAN | ||||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | |||
| PAUL HADDAD | ||||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | |||
| JAY P HARTIG | ||||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | |||
| RICHARD HERBURGER | ||||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | |||
| JACK IRVING | ||||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | |||
| LOUISE KAUFMAN | ||||||||
| TRUSTEE AND CHAIR | 1.0 | X | 0 | 0 | 0 | |||
| POLLY PECK MOLES | ||||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | |||
| DONNA MOLLICA NEW | ||||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | |||
| ALFRED PALLADINO | ||||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | |||
| DIANE POWERS | ||||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | |||
| WARREN R PROCCI | ||||||||
| TRUSTEE AND VICE CHAIR | 1.0 | X | 0 | 0 | 0 | |||
| KIMBERLY SPIRO | ||||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | |||
| FRED C WILLIAMSON JR | ||||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | |||
| RICHARD GUARASCI | ||||||||
| PRESIDENT & TRUSTEE | 40.0 | X | 305067 | 0 | 103130 | X | ||
| MYRA GARCIA | ||||||||
| VP INSTITUTIONAL ADVANCEMENT | 40.0 | 206448 | 0 | 39390 | X | |||
| ANGELO G ARAIMO | ||||||||
| VP ENROLLMENT & PLANNING | 40.0 | 142073 | 0 | 31204 | X | |||
| JOSEPH F ROMANO | ||||||||
| VP AND CHIEF OF STAFF | 40.0 | 126385 | 0 | 12344 | X | |||
| WILLIAM E MEA | ||||||||
| VP FINANCE/BUSINESS-EFF. 5/11 | 40.0 | 0 | 0 | 0 | X | |||
| LILY D MCNAIR | ||||||||
| PROVOST/VP ACADEMIC AFF 7/2011 | 40.0 | 0 | 0 | 0 | X | |||
| RUTA SHAH-GORDON | ||||||||
| ASSISTANT VP CAMPUS LIFE | 40.0 | 83453 | 0 | 25006 | X | |||
| DAVID J MARTIN | ||||||||
| VP ADMINISTRATION | 40.0 | 118776 | 0 | 11878 | X | |||
| WALTER C HAMELINE | ||||||||
| DIRECTOR OF ATHLETICS | 40.0 | 189553 | 0 | 18955 | X | |||
| SEYMOUR LACHMAN | ||||||||
| DISTINGUISHED PROFESSOR | 40.0 | 156866 | 0 | 15687 | X | |||
| DONALD L CROOKS | ||||||||
| ASSISTANT PROFESSOR | 40.0 | 131977 | 0 | 22272 | X | |||
| FRANKLIN YOUNG | ||||||||
| DIRECTOR OF MAJOR GIFTS | 40.0 | 122305 | 0 | 16823 | X | |||
| JOHN JUDE MORAN | ||||||||
| PROFESSOR | 40.0 | 125781 | 0 | 18394 | X | |||
| THOMAS C CARROLL | ||||||||
| VP FINANCE/ADMIN RESIGN.7/2010 | 40.0 | 101887 | 0 | 27497 | X | |||
| DEVORAH LIEBERMAN | ||||||||
| PRVST/VP ACAD AFF RESIGN 6/11 | 40.0 | 184334 | 0 | 80930 | X | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 1994905 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 423510 | TotalOtherCompensation |
| Number Individuals GT100 K | 26 | NumberIndividualsGT100K |
| Formers Listed | true | FormersListed |
| Total Comp GT150 K | true | TotalCompGT150K |
| Compensation From Other Sources | false | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (5 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| CHARTWELLS | |||||
| PO BOX 91337 | CHICAGO | IL | 60693 | FOOD SERVICES | 3028902 |
| OXFORD HEALTH PLANS | |||||
| 48 MONROE TURNPIKE | TRUMBULL | CT | 06611 | INSURANCE | 2240677 |
| LACKMANN CULINARY SERVICES | |||||
| PO BOX 91337 | CHICAGO | IL | 60693 | FOOD SERVICES | 2118019 |
| STRUCTURE TONE INC | |||||
| 770 BROADWAY | NEW YORK | NY | 10003 | CONSTRUCTION MGT | 1730497 |
| GILBANE BUILDING COMPANY | |||||
| 7 JACKSON WALKWAY | PROVIDENCE | RI | 02940 | CONSTRUCTION MGT | 912931 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 42 | NumberOfContractorsGT100K |
| Fundraising Events | 57950 | FundraisingEvents |
| Government Grants | 459514 | GovernmentGrants |
| All Other Contributions | 6781642 | AllOtherContributions |
| Noncash Contributions | 934505 | NoncashContributions |
| Total Contributions | 7299106 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (4 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome | Unrelated Business RevenueUnrelatedBusinessRevenue |
|---|---|---|---|---|
| TUITION & FEES | 900099 | 70012283 | 70012283 | |
| SALES AND AUXILIARY SERVICES | 511190 | 15214304 | 15174304 | 40000 |
| EARLY CHILDHOOD CENTER | 900099 | 319749 | 319749 | |
| THEATER | 711110 | 138585 | 138585 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 85684921 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 1276923 | TotalRevenueColumn |
| Exclusion | $1,276,923 | ExclusionAmount |
Income From Invest Bond Proceeds IncomeFromInvestBondProceeds
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Royalties Revenue RoyaltiesRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Gross Rents GrossRents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 80714 | Real |
Less Rental Expenses LessRentalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 0 | Real |
Rental Income Or Loss RentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 80714 | Real |
Net Rental Income Or Loss NetRentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 80714 | TotalRevenueColumn |
| Exclusion | $80,714 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 39554745 | Securities |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 37061684 | Securities |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 2493061 | Securities |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 2493061 | TotalRevenueColumn |
| Exclusion | $2,493,061 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Income Fundraising Events | 38520 | GrossIncomeFundraisingEvents |
| Cntrbtns Rprtd Fundraising Events | 57950 | CntrbtnsRprtdFundraisingEvents |
| Fundraising Direct Expenses | 58169 | FundraisingDirectExpenses |
Net Income From Fundraising Events NetIncomeFromFundraisingEvents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -19649 | TotalRevenueColumn |
| Exclusion | -$19,649 | ExclusionAmount |
Net Income From Gaming NetIncomeFromGaming
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Net Income Or Loss NetIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Other Revenue Misc OtherRevenueMisc (3 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | ExclusionExclusionAmount |
|---|---|---|---|
| MIBA SETTLEMENT | 900099 | 459149 | $459,149 |
| COLLECTION AGENCY REVENUE | 900099 | 32021 | $32,021 |
| FINES | 900099 | 12485 | $12,485 |
Miscellaneous Revenue MiscellaneousRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 1264419 | TotalRevenueColumn |
| Exclusion | $1,264,419 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 1768074 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 98583150 | TotalRevenueColumn |
| Related Or Exempt Function Income | 85644921 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 40000 | UnrelatedBusinessRevenue |
| Exclusion | $5,599,123 | ExclusionAmount |
Grants To Domestic Orgs GrantsToDomesticOrgs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 26930976 | Total |
| Program Services | 26930976 | ProgramServices |
Foreign Grants ForeignGrants
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Benefits To Members BenefitsToMembers
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1133417 | Total |
| Program Services | 273750 | ProgramServices |
| Management And General | 655667 | ManagementAndGeneral |
| Fundraising | 204000 | Fundraising |
Comp Disqual Persons CompDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 67428 | Total |
| Program Services | 42430 | ProgramServices |
| Fundraising | 24998 | Fundraising |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 24747804 | Total |
| Program Services | 18104314 | ProgramServices |
| Management And General | 5488327 | ManagementAndGeneral |
| Fundraising | 1155163 | Fundraising |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2210803 | Total |
| Program Services | 1658102 | ProgramServices |
| Management And General | 442161 | ManagementAndGeneral |
| Fundraising | 110540 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 6734469 | Total |
| Program Services | 5050852 | ProgramServices |
| Management And General | 1346894 | ManagementAndGeneral |
| Fundraising | 336723 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1882866 | Total |
| Program Services | 1412150 | ProgramServices |
| Management And General | 376573 | ManagementAndGeneral |
| Fundraising | 94143 | Fundraising |
Fees For Services Management FeesForServicesManagement
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 46407 | Total |
| Management And General | 46407 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 276594 | Total |
| Management And General | 276594 | ManagementAndGeneral |
Fees For Services Lobbying FeesForServicesLobbying
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 593676 | Total |
| Program Services | 401057 | ProgramServices |
| Management And General | 185119 | ManagementAndGeneral |
| Fundraising | 7500 | Fundraising |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 132447 | Total |
| Program Services | 102056 | ProgramServices |
| Management And General | 10581 | ManagementAndGeneral |
| Fundraising | 19810 | Fundraising |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 10670058 | Total |
| Program Services | 8002544 | ProgramServices |
| Management And General | 2134012 | ManagementAndGeneral |
| Fundraising | 533502 | Fundraising |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 462786 | Total |
| Program Services | 18105 | ProgramServices |
| Management And General | 444681 | ManagementAndGeneral |
Royalties Royalties
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3506025 | Total |
| Program Services | 2629519 | ProgramServices |
| Management And General | 701205 | ManagementAndGeneral |
| Fundraising | 175301 | Fundraising |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1259781 | Total |
| Program Services | 1054958 | ProgramServices |
| Management And General | 146582 | ManagementAndGeneral |
| Fundraising | 58241 | Fundraising |
Travel Entrtnmnt Public Officials TravelEntrtnmntPublicOfficials
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 266136 | Total |
| Program Services | 57908 | ProgramServices |
| Management And General | 197069 | ManagementAndGeneral |
| Fundraising | 11159 | Fundraising |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1318684 | Total |
| Management And General | 1318684 | ManagementAndGeneral |
Payments To Affiliates PaymentsToAffiliates
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 4583245 | Total |
| Program Services | 3437434 | ProgramServices |
| Management And General | 916649 | ManagementAndGeneral |
| Fundraising | 229162 | Fundraising |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1009904 | Total |
| Program Services | 149575 | ProgramServices |
| Management And General | 860329 | ManagementAndGeneral |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral | FundraisingFundraising |
|---|---|---|---|---|
| DINING | 4306502 | 4306502 | ||
| SUBSCRIPTIONS | 300992 | 261939 | 6369 | 32684 |
| MEMBERSHIPS | 194141 | 118619 | 70155 | 5367 |
| LIBRARY | 58343 | 58343 |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 92693484 | Total |
| Program Services | 74071133 | ProgramServices |
| Management And General | 15624058 | ManagementAndGeneral |
| Fundraising | 2998293 | Fundraising |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 11464414 | BOY |
| EOY | 11012331 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 16156653 | BOY |
| EOY | 11475406 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1597309 | BOY |
| EOY | 2968543 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2319543 | BOY |
| EOY | 2241029 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 445023 | BOY |
| EOY | 681676 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 123621047 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 52067066 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 70087131 | BOY |
| EOY | 71553981 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 51100643 | BOY |
| EOY | 58324101 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | 1481910 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 8816782 | BOY |
| EOY | 5310773 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 161987498 | BOY |
| EOY | 165049750 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2128897 | BOY |
| EOY | 3434631 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 14633610 | BOY |
| EOY | 10298053 | EOY |
Tax Exempt Bond Liabilities TaxExemptBondLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 42305000 | BOY |
| EOY | 41345000 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 24443258 | BOY |
| EOY | 23370780 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 6010261 | BOY |
| EOY | 6117440 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 89521026 | BOY |
| EOY | 84565904 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 21764374 | BOY |
| EOY | 18860626 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 19251298 | BOY |
| EOY | 25290676 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 31450800 | BOY |
| EOY | 36332544 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 72466472 | BOY |
| EOY | 80483846 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 161987498 | BOY |
| EOY | 165049750 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 5889666 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | 2127708 | ReconcilationOtherChanges |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | false | AccountantCompileOrReview |
| FS Audited | true | FSAudited |
| Audit Committee | true | AuditCommittee |
| Financial Statement Separate | X | FinancialStatementSeparate |
| Federal Grant Audit Required | true | FederalGrantAuditRequired |
| Federal Grant Audit Performed | true | 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Art Public Exhibition Amts | ArtPublicExhibitionAmts | |
| Held Works Of Art Amts | HeldWorksOfArtAmts |
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 40417624 | BeginningOfYearBalance |
| Contributions | 3245408 | Contributions |
| Investment Earnings Or Losses | 3896148 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 179036 | GrantsOrScholarships |
| Other Expenditures | 1377299 | OtherExpenditures |
| End Of Year Balance | 46002845 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 37404464 | BeginningOfYearBalance |
| Contributions | 708336 | Contributions |
| Investment Earnings Or Losses | 2409745 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 7000 | GrantsOrScholarships |
| Other Expenditures | 97921 | OtherExpenditures |
| End Of Year Balance | 40417624 | EndOfYearBalance |
Current Year Minus2 Years CurrentYearMinus2Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 30840911 | BeginningOfYearBalance |
| Contributions | 352444 | Contributions |
| Investment Earnings Or Losses | -275298 | InvestmentEarningsOrLosses |
| Other Expenditures | 169585 | OtherExpenditures |
| End Of Year Balance | 30748472 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Permanent Endowment EOY Balance | 0.79000 | PermanentEndowmentEOYBalance |
| Term Endowment EOY Balance | 0.21000 | TermEndowmentEOYBalance |
| Endowments Held By Unrelated Orgs | false | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | false | EndowmentsHeldByRelatedOrgs |
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 4393475 | InvestmentCostOrOtherBasis |
| Book Value | 4393475 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 96098396 | InvestmentCostOrOtherBasis |
| Depreciation | 38949819 | Depreciation |
| Book Value | 57148577 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Leasehold Improvements | LeaseholdImprovements |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 14316374 | InvestmentCostOrOtherBasis |
| Depreciation | 11010960 | Depreciation |
| Book Value | 3305414 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 8812802 | InvestmentCostOrOtherBasis |
| Depreciation | 2106287 | Depreciation |
| Book Value | 6706515 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 71553981 | TotalOfBookValueLandBuildings |
| Federal Income Tax Liability | 0 | FederalIncomeTaxLiability |
Other Liabilities OtherLiabilities (6 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| REFUNDABLE FEDERAL GRANTS | $2,703,325 |
| ASSET RETIREMENT OBLIGATIONS | $1,756,939 |
| POSTRETIREMENT BENEFIT | $132,308 |
| STUDENT DEPOSITS | $386,671 |
| AMOUNTS HELD FOR OTHERS | $187,583 |
| OBLIG. UNDER DERIVATIVE INSTRU | $950,614 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 6117440 | TotalOfAmounts |
| Total Revenue | 98583150 | TotalRevenue |
| Total Expenses | 92693484 | TotalExpenses |
| Excess Or Deficit For Year | 5889666 | ExcessOrDeficitForYear |
| Net Unrealized GL On Investments | 2017375 | NetUnrealizedGLOnInvestments |
| Other | $110,333 | OtherAmount |
| Total Adjustments | 2127708 | TotalAdjustments |
| Excess Or Deficit Per FS | 8017374 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 73779882 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | 2017375 | NetUnrealizedGainsInvestments |
| Other Revenues | 52164 | OtherRevenues |
| Revenue Not Rptd F990 | 2069539 | RevenueNotRptdF990 |
| Revenue Subtotal | 71710343 | RevenueSubtotal |
| Other Revenues Not Included | 26872807 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | 26872807 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 98583150 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 65762508 | TotExpensesEtcAuditedFinclStmt |
| Expenses Subtotal | 65762508 | ExpensesSubtotal |
| Other Expenses Not Included | 26930976 | OtherExpensesNotIncluded |
| Expenses Not Rptd On Fin Stmt | 26930976 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 92693484 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (6 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| ENDOWMENT FUNDS ROLLFORWARD | SCHEDULE D, PART V, ENDOWMENT FUNDS, LINES 1A-1G | The ending endowment fund balance from two years back does not tie to the beginning balance from prior year, due to the fact that in the fiscal year ending 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 ending 8/31/2009, the College was unable to provide complete disclosures in the financial statements. However, in the fiscal year ending 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. Additional adjustments were made in the current year (fiscal year ending 8/31/2011) to further correct the beginning endowment fund balance, and going forward, the College will have a complete and accurate endowment rollforward. |
| USE OF ORGANIZATION'S ENDOWMENT FUNDS | SCHEDULE D, PART V, ENDOWMENT FUNDS, 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. For the year ended August 31, 2011, the College adopted an endowment spending policy for endowment funds that do not have a spending policy prescribed in the gift document. The College's endowment totals $46,002,845 as of August 31, 2011, of which $36,332,544 is classified as permanently restricted net assets and $9,670,301 is classified as temporarily restricted net assets. |
| ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES | SCHEDULE D, PART X, OTHER LIABILITIES, LINE 2 | The College is exempt from federal income tax under Section 501(c)(3) of the Internal Revenue Code. There are certain transactions that could be deemed unrelated business income and would result in a tax liability. Management reviews transactions to estimate potential tax liability using a threshold of more likely than not. Management has concluded that there are no material tax liabilities that had to be recorded at August 31, 2011 and 2010. |
| RECONCILIATION OF CHANGE IN NET ASSETS FROM FORM 990 TO AUDITED FS | SCHEDULE D, PART XI, LINE 8 | $110,333 represents the sum of total unrealized gains on the College's derivative instruments (one interest rate swap and two interest rate caps) of $52,164, and expenses related to the Golf Classic fundraising event of $58,169 for the fiscal year ended August 31, 2011. |
| RECONCILIATION OF REVENUE PER AUDITED FS WITH REVENUE PER FORM 990 | SCHEDULE D, PART XII, LINE 2D AND 4B | LINE 2D: $52,164 represents the total gains on the College's derivative instruments (one interest rate swap and two interest rate caps) for the fiscal year. LINE 4B $26,872,807 represents total scholarships and fellowships for the fiscal year of $26,930,976, less total expenses related to the Golf Classic fundraising event of $58,169. |
| RECONCILIATION OF EXPENSES PER AUDITED FS WITH EXPENSES PER FORM 990 | SCHEDULE D, PART XIII, LINE 4B | $26,930,976 represents total scholarships and fellowships for the fiscal year. |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | true | NondiscriminatoryPolicyStmt |
| Policy Statement In Brochures Etc | true | PolicyStatementInBrochuresEtc |
| Policy Publ Via Broadcast Media | true | PolicyPublViaBroadcastMedia |
| Maint Racial Composition Records | true | MaintRacialCompositionRecords |
| Maint Scholarships Records | true | MaintScholarshipsRecords |
| Maint Copies Of Brochures Etc | true | MaintCopiesOfBrochuresEtc |
| Maint Copies Of All Solicitations | true | MaintCopiesOfAllSolicitations |
| Discriminate Race Students Rights | false | DiscriminateRaceStudentsRights |
| Discriminate Race Admiss Policies | false | DiscriminateRaceAdmissPolicies |
| Discriminate Race Emplmn Faculty | false | DiscriminateRaceEmplmnFaculty |
| Discriminate Race Scholarships | false | DiscriminateRaceScholarships |
| Discriminate Race Educ Policies | false | DiscriminateRaceEducPolicies |
| Discriminate Race Use Of Fclts | false | DiscriminateRaceUseOfFclts |
| Discriminate Race Athletic Prog | false | DiscriminateRaceAthleticProg |
| Discriminate Race Other Acty | false | DiscriminateRaceOtherActy |
| Government Financial Aid Received | true | GovernmentFinancialAidReceived |
| Government Financial Aid Revoked | false | GovernmentFinancialAidRevoked |
| Compliance With Rev Proc7550 | true | ComplianceWithRevProc7550 |
Form990 Schedule E Part II Form990ScheduleEPartII (2 entries)
| IdentifierIdentifier | ExplanationExplanation |
|---|---|
| Sch E Part 1 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." |
| Schedule E, Part I, Line 6a | The College receives grants from government agencies to support its operations and the educational programs of the organization. |
Schedule F IRS990ScheduleF
Accts Actvs Out US Table AcctsActvsOutUSTable
| Field | Value | IRS element (for citing) |
|---|---|---|
| Region | Central America and the Caribbean | Region |
| Type Of Activities Conducted | Investments | TypeOfActivitiesConducted |
| Total Expenditures | 1040000 | TotalExpenditures |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Amount Spent | 1040000 | SubtotalAmountSpent |
| Total Amount Spent | 1040000 | TotalAmountSpent |
| Transfer To Foreign Corp | false | TransferToForeignCorp |
| Interest In Foreign Trust | false | InterestInForeignTrust |
| Own Foreign Corp | false | OwnForeignCorp |
| Passive Foreign Invest Co | false | PassiveForeignInvestCo |
| Foreign Partnership | true | ForeignPartnership |
| Boycott Countries | false | BoycottCountries |
Form990 Schedule F Part V Form990ScheduleFPartV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | ACCOUNTING METHOD | Identifier |
| Return Reference | SCHEDULE F, PART I, LINE 3, COLUMN(F) | ReturnReference |
| Explanation | THIS AMOUNT REFLECTS THE BOOK VALUE OF INVESTMENTS AT AUGUST 31, 2011. | Explanation |
Schedule G IRS990ScheduleG
Events Information EventsInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Event1 | GOLF CLASSIC | NameOfEvent1 |
| Gross Receipts Event1 | 96470 | GrossReceiptsEvent1 |
| Charitable Contributions Event1 | 57950 | CharitableContributionsEvent1 |
| Gross Revenue Event1 | 38520 | GrossRevenueEvent1 |
| Rent Facility Costs Event1 | 49799 | RentFacilityCostsEvent1 |
| Other Direct Expenses Event1 | 8370 | OtherDirectExpensesEvent1 |
| Total Number Of Other Events | 0 | TotalNumberOfOtherEvents |
| Gross Receipts Total | 96470 | GrossReceiptsTotal |
| Charitable Contributions Total | 57950 | CharitableContributionsTotal |
| Gross Revenue Total Events | 38520 | GrossRevenueTotalEvents |
| Rent Facility Costs Total Events | 49799 | RentFacilityCostsTotalEvents |
| Other Direct Expenses Total Events | 8370 | OtherDirectExpensesTotalEvents |
| Direct Expense Summary Events | 58169 | DirectExpenseSummaryEvents |
| Net Income Summary | -19649 | NetIncomeSummary |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | true | RecordsMaintained |
Form990 Schedule I Part III Form990ScheduleIPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Type Of Grant | SCHOLARSHIPS & FELLOWSHIPS | TypeOfGrant |
| Number Of Recipients | 1865 | NumberOfRecipients |
| Amount Of Non Cash Assistance | 26930976 | AmountOfNonCashAssistance |
| Method Of Valuation | FMV | MethodOfValuation |
| Description Of Non Cash Assistance | TUITION CREDIT | DescriptionOfNonCashAssistance |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | MONITORING THE USE OF GRANT FUNDS IN U.S. | Identifier |
| Return Reference | SCHEDULE I, PART I, LINE 2 | ReturnReference |
| Explanation | 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. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Housing Allowance Or Residence | X | HousingAllowanceOrResidence |
| Written Policy Re T And E Expenses | true | WrittenPolicyReTAndEExpenses |
| Substantiation Required | true | SubstantiationRequired |
| Compensation Committee | X | CompensationCommittee |
| Form990 Of Other Organizations | X | Form990OfOtherOrganizations |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | false | SeverancePayment |
| Supplemental Nonqual Retire Plan | true | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | false | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | false | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | false | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | false | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | false | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | false | AnyNonFixedPayments |
| Initial Contract Exception | false | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII (8 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| RICHARD GUARASCI | |||||||||||||
| 300711 | 0 | 0 | 0 | 4356 | 0 | 30507 | 0 | 72623 | 0 | 408197 | 0 | 0 | 0 |
| MYRA GARCIA | |||||||||||||
| 205482 | 0 | 0 | 0 | 966 | 0 | 18580 | 0 | 20810 | 0 | 245838 | 0 | 0 | 0 |
| THOMAS C CARROLL | |||||||||||||
| 101404 | 0 | 0 | 0 | 483 | 0 | 9170 | 0 | 18327 | 0 | 129384 | 0 | 0 | 0 |
| ANGELO G ARAIMO | |||||||||||||
| 141670 | 0 | 0 | 0 | 403 | 0 | 14207 | 0 | 16997 | 0 | 173277 | 0 | 0 | 0 |
| DEVORAH LIEBERMAN | |||||||||||||
| 182838 | 0 | 0 | 0 | 1496 | 0 | 18433 | 0 | 62497 | 0 | 265264 | 0 | 0 | 0 |
| WALTER C HAMELINE | |||||||||||||
| 188240 | 0 | 0 | 0 | 1313 | 0 | 18955 | 0 | 0 | 0 | 208508 | 0 | 0 | 0 |
| SEYMOUR LACHMAN | |||||||||||||
| 153900 | 0 | 0 | 0 | 2966 | 0 | 15687 | 0 | 0 | 0 | 172553 | 0 | 0 | 0 |
| DONALD L CROOKS | |||||||||||||
| 131423 | 0 | 0 | 0 | 554 | 0 | 13198 | 0 | 9074 | 0 | 154249 | 0 | 0 | 0 |
Form990 Schedule J Part III Form990ScheduleJPartIII (3 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| COMPENSATION | SCHEDULE J, PART 1, LINE 1A | WAGNER COLLEGE PROVIDED HOUSING ON ITS BUSINESS PREMISES FOR BOTH RICHARD GUARASCI (PRESIDENT) AND DEVORAH LIEBERMAN (FORMER PROVOST) THAT THEY WERE REQUIRED TO ACCEPT AS A CONDITION OF THEIR EMPLOYMENT AT THE COLLEGE. THIS BENEFIT WAS NOT TREATED AS TAXABLE COMPENSATION TO EITHER RECIPIENT. THE APPROXIMATE NON-TAXABLE VALUES OF THE HOUSING PROVIDED TO RICHARD GUARASCI AND DEVORAH LIEBERMAN ARE $52,000 AND $37,000 RESPECTIVELY. |
| NONQUALIFED RETIREMENT PLAN | SCHEDULE J, PART I, LINE 4B | DURING THE CALENDAR YEAR ENDING DECEMBER 31, 2010, THREE PERSONS LISTED ON FORM 990, PART VII, SECTION A, LINE 1A, PARTICIPATED IN A SUPPLEMENTAL NONQUALIFED RETIREMENT PLAN. THE INDIVIDUALS AND APPLICABLE AMOUNTS ARE AS FOLLOWS: 1. RICHARD GUARASCI - CONTRIBUTED $15,068 TO THE PLAN 2. DEVORAH LIEBERMAN - CONTRIBUTED $15,250 TO THE PLAN 3. THOMAS C. CARROLL - CONTRIBUTED $1,725 TO THE PLAN |
| ADDITIONAL INFORMATION REGARDING BREAKDOWN OF TOTAL COMPENSATION | SCHEDULE J, PART II | Schedule J, 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. Schedule J, Column C (Retirement and Other Deferred Compensation) includes employer contributions to retirement plans for all individuals listed. Schedule J, Column D (Nontaxable Benefits) is comprised of a variety of benefits, including employer contributions to employee health plans and the nontaxable portion of automobile and phone usage. 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, and the former Provost, Devorah Lieberman, as well as the costs of their ordinary home utilities (electric, gas, water, and cable). |
Schedule K IRS990ScheduleK
Form990 Schedule K Part I Form990ScheduleKPartI
Issuer Name IssuerName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | DORMITORY AUTHORITY OF THE STATE OF NEW YORK | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Issuer EIN | 146000293 | IssuerEIN |
| CUSIP Number | 6499037Q8 | CUSIPNumber |
| Date Issued | 2009-01-28 | DateIssued |
| Issue Price | 30500000 | IssuePrice |
| Description Of Purpose | FINANCE NEW DORMITORY | DescriptionOfPurpose |
| Defeased | false | Defeased |
| On Behalf Of Issuer | false | OnBehalfOfIssuer |
| Pool Financing | false | PoolFinancing |
Form990 Schedule K Part II Form990ScheduleKPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Proceeds | 30500000 | TotalProceeds |
| Amount In Reserve Fund | 1085576 | AmountInReserveFund |
| Capitalized Interest | 0 | CapitalizedInterest |
| Refunding Escrow | 0 | RefundingEscrow |
| Issuance Costs From Proceeds | 1275271 | IssuanceCostsFromProceeds |
| Credit Enhancement | 0 | CreditEnhancement |
| Working Capital Expenditures | 0 | WorkingCapitalExpenditures |
| Capital Expenditures | 28139153 | CapitalExpenditures |
| Other Spent Proceeds | 0 | OtherSpentProceeds |
| Amount Unspent | 0 | AmountUnspent |
| Year Of Subst Completion | 2010 | YearOfSubstCompletion |
| Current Refunding | false | CurrentRefunding |
| Advance Refunding | false | AdvanceRefunding |
| Final Allocation Made | true | FinalAllocationMade |
| Adequate Books And Recds Maintaind | true | AdequateBooksAndRecdsMaintaind |
Form990 Schedule K Part III Form990ScheduleKPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Owning Bond Financed Property | false | OwningBondFinancedProperty |
| Any Lease Arrangements | false | AnyLeaseArrangements |
| Mngment Cntrct Bond Financd Prprty | false | MngmentCntrctBondFinancdPrprty |
| Any Research Agreements | false | AnyResearchAgreements |
| Bond Counsel Routinely Engaged | false | BondCounselRoutinelyEngaged |
| Post Issuance Compliance Procdrs | true | PostIssuanceComplianceProcdrs |
Form990 Schedule K Part IV Form990ScheduleKPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form8038 T Filed | false | Form8038TFiled |
| Variable Rate Issue | true | VariableRateIssue |
| Hedge Identified In Books And Recds | true | HedgeIdentifiedInBooksAndRecds |
Name Of Hedge Provider NameOfHedgeProvider
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MORGAN STANLEY | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Term Of Hedge | 3. | TermOfHedge |
| Superintegrated Hedge | false | SuperintegratedHedge |
| Hedge Terminated | false | HedgeTerminated |
| Gross Proceeds Invested In GIC | false | GrossProceedsInvestedInGIC |
| Gross Proceeds Invested | false | GrossProceedsInvested |
| Exception To Rebate | false | ExceptionToRebate |
Schedule L IRS990ScheduleL
Form990 Schedule L Part IV Form990ScheduleLPartIV
Name Of Interested Person NameOfInterestedPerson
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | CARIN GUARASCI | NamePerson |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Relationship | PRESIDENT'S SPOUSE | Relationship |
| Amount Of Transaction | 67428 | AmountOfTransaction |
| Description Of Transaction | INSTRUCTOR/ADMINISTRATOR | DescriptionOfTransaction |
| Sharing Of Revenues | false | SharingOfRevenues |
Schedule M IRS990ScheduleM
| Field | Value | IRS element (for citing) |
|---|---|---|
| Works Of Art | WorksOfArt | |
| Art Historical Treasures | ArtHistoricalTreasures | |
| Art Fractional Interest | ArtFractionalInterest | |
| Books And Publications | BooksAndPublications | |
| Clothing And Household Goods | ClothingAndHouseholdGoods | |
| Cars And Other Vehicles | CarsAndOtherVehicles | |
| Boats And Planes | BoatsAndPlanes | |
| Intellectual Property | IntellectualProperty |
Securities Publicly Traded SecuritiesPubliclyTraded
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 15 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 934505 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | SELLING PRICE | MethodOfDeterminingRevenues |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities Closely Held Stock | SecuritiesCloselyHeldStock | |
| Securities Prtnrshp Trust Intrsts | SecuritiesPrtnrshpTrustIntrsts | |
| Securities Miscellaneous | SecuritiesMiscellaneous | |
| Qualified Contrib Hist Struct | QualifiedContribHistStruct | |
| Qualified Contrib Other | QualifiedContribOther | |
| Real Estate Residential | RealEstateResidential | |
| Real Estate Commercial | RealEstateCommercial | |
| Real Estate Other | RealEstateOther | |
| Collectibles | Collectibles | |
| Food Inventory | FoodInventory | |
| Drugs And Medical Supplies | DrugsAndMedicalSupplies | |
| Taxidermy | Taxidermy | |
| Historical Artifacts | HistoricalArtifacts | |
| Scientific Specimens | ScientificSpecimens | |
| Archaeological Artifacts | ArchaeologicalArtifacts | |
| Number Of8283 Received | 0 | NumberOf8283Received |
| Any Property That Must Be Held | false | AnyPropertyThatMustBeHeld |
| Review Process Unusual NC Gifts | false | ReviewProcessUnusualNCGifts |
| Third Parties Used | false | ThirdPartiesUsed |
Form990 Schedule M Part II Form990ScheduleMPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | NUMBER OF CONTRIBUTIONS OR ITEMS CONTRIBUTED | Identifier |
| Return Reference | SCHEDULE M, PART I, LINE 9, COL. (B) | ReturnReference |
| Explanation | THE AMOUNT REPORTED ON SCHEDULE M, PART I, LINE 9, COL. (B), REPRESENTS THE NUMBER OF CONTRIBUTIONS RECEIVED BY THE COLLEGE. | Explanation |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (9 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| ORGANIZATION'S MISSION | FORM 990, PART I, LINE 1 AND PART III, LINE 1 | 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. |
| PROGRAM SERVICES ACCOMPLISHMENTS | FORM 990, PART III, LINE 4D | DESCRIPTION: ACADEMIC SUPPORT FOR 2,271 STUDENTS, INCLUDING ACADEMIC AFFAIRS, TECHNOLOGY SERVICES, LIBRARY, LANGUAGE LAB, MEDIA SERVICES, NURSING LAB, AND SPIRO COMPUTER LAB. EXPENSES: $3,959,462. |
| RELATIONSHIPS | FORM 990, PART VI, SECTION A. GOVERNING BODY AND MANAGEMENT, LINE 2 | MS. POLLY PECK MOLES IS A VOTING MEMBER OF THE BOARD OF TRUSTEES, AND IS MARRIED TO DR. THOMAS G. MOLES, WHO IS A LIFETIME TRUSTEE (DOES NOT HAVE VOTING RIGHTS). IN ADDITION, MS. KIMBERLY SPIRO IS A VOTING MEMBER OF THE BOARD OF TRUSTEES, AND IS THE DAUGHTER OF DR. DONALD W. SPIRO, WHO IS CHAIRMAN EMERITUS OF THE BOARD (DOES NOT HAVE VOTING RIGHTS). |
| BOARD REVIEW OF FORM 990 | FORM 990, PART VI, SECTION B. POLICIES, LINE 11A | 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 KPMG LLP FOR REVIEW. THE 990 IS THEN BROUGHT TO THE AUDIT COMMITTEE FOR DISCUSSION, AND LASTLY IS BROUGHT TO THE BOARD OF TRUSTEES DURING A BOARD MEETING FOR REVIEW BEFORE THE 990 CAN BE FILED. |
| CONFLICT OF INTEREST POLICY | FORM 990, 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 SIGN AND RETURN THE POLICY TO THE COLLEGE. TO DATE, NO CONFLICTS HAVE ARISEN. IF A CONFLICT DID ARISE, THE COLLEGE WOULD REQUEST THAT THE MEMBER COME BACK INTO COMPLIANCE WITH THE POLICY. IN THE UNUSUAL SITUATION WHERE A MEMBER DID NOT COME BACK INTO COMPLIANCE, THE MEMBER WOULD BE REMOVED FROM THE BOARD. |
| DOCUMENT RETENTION AND DESTRUCTION POLICY | FORM 990, 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 | FORM 990, PART VI, SECTION B. POLICIES, LINE 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. WRITTEN EMPLOYMENT AGREEMENTS ARE USED FOR THESE INDIVIDUALS AS WELL. 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 | FORM 990, PART VI, SECTION C. DISCLOSURE, LINE 19 | WAGNER COLLEGE MAKES ITS FINANCIAL STATEMENTS 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 | FORM 990, PART XI, LINE 5 | The balance of $2,127,708 represents the sum of the following for the fiscal year: net unrealized gains on investments of $2,017,375, total gains on the College's derivative instruments (one interest rate swap and two interest rate caps) of $52,164, and expenses related to the Golf Classic fundraising event of $58,169. |