2012-06-29T15:51:49-04:00 2011-08-31 KPMG LLP 345 Park Avenue New York NY 101540102 990 2010-09-01 135604699 WAGNER COLLEGE WAGN 7183903315 ONE CAMPUS ROAD STATEN ISLAND NY 10301 RICHARD GUARASCI 2012-06-25 true KPMG LLP 2127589700 2010 2016-02-24 21:20:13Z RICHARD GUARASCI ONE CAMPUS ROAD STATEN ISLAND NY 10301 135703003 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 1619 23 40000 -250 7485465 7299106 82181869 85684921 3427924 3769984 1326843 1829139 94422101 98583150 24823377 26930976 0 0 35267826 36776787 0 0 2998293 27307271 28985721 87398474 92693484 7023627 5889666 161987498 165049750 89521026 84565904 72466472 80483846 X SEE SCHEDULE O. false false 47978299 26930976 70470617 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. 14048577 15214304 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. 8084795 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 3959462 74071133 true true 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 207 0 true 1619 true true true false false false false true true false false false false X 24 23 true 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 WALTER H BAUMHOFF 1.0 X 0 0 0 NANCI Z KAUFFMAN 1.0 X 0 0 0 PETER KNUDSEN 1.0 X 0 0 0 ROBERT BONVINO 1.0 X 0 0 0 JOHN J CAMPI 1.0 X 0 0 0 ANDREW CORTESE 1.0 X 0 0 0 ALETTA KIPP DIAMOND 1.0 X 0 0 0 MICHAEL F TADROO 1.0 X 0 0 0 JEFFREY D FORCHELLI 1.0 X 0 0 0 DONALD M FOX 1.0 X 0 0 0 DAVID M 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 JACK IRVING 1.0 X 0 0 0 LOUISE KAUFMAN 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 PALLADINO 1.0 X 0 0 0 DIANE POWERS 1.0 X 0 0 0 WARREN R PROCCI 1.0 X 0 0 0 KIMBERLY SPIRO 1.0 X 0 0 0 FRED C WILLIAMSON JR 1.0 X 0 0 0 RICHARD GUARASCI 40.0 X X 305067 0 103130 MYRA GARCIA 40.0 X 206448 0 39390 ANGELO G ARAIMO 40.0 X 142073 0 31204 JOSEPH F ROMANO 40.0 X 126385 0 12344 WILLIAM E MEA 40.0 X 0 0 0 LILY D MCNAIR 40.0 X 0 0 0 RUTA SHAH-GORDON 40.0 X 83453 0 25006 DAVID J MARTIN 40.0 X 118776 0 11878 WALTER C HAMELINE 40.0 X 189553 0 18955 SEYMOUR LACHMAN 40.0 X 156866 0 15687 DONALD L CROOKS 40.0 X 131977 0 22272 FRANKLIN YOUNG 40.0 X 122305 0 16823 JOHN JUDE MORAN 40.0 X 125781 0 18394 THOMAS C CARROLL 40.0 X 101887 0 27497 DEVORAH LIEBERMAN 40.0 X 184334 0 80930 1994905 0 423510 26 true true false 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 42 57950 459514 6781642 934505 7299106 TUITION & FEES 900099 70012283 70012283 SALES AND AUXILIARY SERVICES 511190 15214304 15174304 40000 EARLY CHILDHOOD CENTER 900099 319749 319749 THEATER 711110 138585 138585 85684921 1276923 1276923 0 0 80714 0 80714 80714 80714 39554745 37061684 2493061 2493061 2493061 38520 57950 58169 -19649 -19649 0 0 MIBA SETTLEMENT 900099 459149 459149 COLLECTION AGENCY REVENUE 900099 32021 32021 FINES 900099 12485 12485 1264419 1264419 1768074 98583150 85644921 40000 5599123 0 26930976 26930976 0 0 1133417 273750 655667 204000 67428 42430 24998 24747804 18104314 5488327 1155163 2210803 1658102 442161 110540 6734469 5050852 1346894 336723 1882866 1412150 376573 94143 0 46407 46407 276594 276594 0 0 0 593676 401057 185119 7500 132447 102056 10581 19810 10670058 8002544 2134012 533502 462786 18105 444681 0 3506025 2629519 701205 175301 1259781 1054958 146582 58241 0 266136 57908 197069 11159 1318684 1318684 0 4583245 3437434 916649 229162 1009904 149575 860329 DINING 4306502 4306502 SUBSCRIPTIONS 300992 261939 6369 32684 MEMBERSHIPS 194141 118619 70155 5367 LIBRARY 58343 58343 92693484 74071133 15624058 2998293 11464414 11012331 16156653 11475406 1597309 2968543 2319543 2241029 445023 681676 123621047 52067066 70087131 71553981 51100643 58324101 1481910 8816782 5310773 161987498 165049750 2128897 3434631 14633610 10298053 42305000 41345000 24443258 23370780 6010261 6117440 89521026 84565904 X 21764374 18860626 19251298 25290676 31450800 36332544 72466472 80483846 161987498 165049750 X 5889666 2127708 X false true true X true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 40417624 3245408 3896148 179036 1377299 46002845 37404464 708336 2409745 7000 97921 40417624 30840911 352444 -275298 169585 30748472 0.79000 0.21000 false false 4393475 4393475 96098396 38949819 57148577 14316374 11010960 3305414 8812802 2106287 6706515 71553981 0 REFUNDABLE FEDERAL GRANTS 2703325 ASSET RETIREMENT OBLIGATIONS 1756939 POSTRETIREMENT BENEFIT 132308 STUDENT DEPOSITS 386671 AMOUNTS HELD FOR OTHERS 187583 OBLIG. UNDER DERIVATIVE INSTRU 950614 6117440 98583150 92693484 5889666 2017375 110333 2127708 8017374 73779882 2017375 52164 2069539 71710343 26872807 26872807 98583150 65762508 65762508 26930976 26930976 92693484 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. true true true true true true true false false false false false false false false true false true 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. Central America and the Caribbean Investments 1040000 1040000 1040000 false false false false true false ACCOUNTING METHOD SCHEDULE F, PART I, LINE 3, COLUMN(F) THIS AMOUNT REFLECTS THE BOOK VALUE OF INVESTMENTS AT AUGUST 31, 2011. GOLF CLASSIC 96470 57950 38520 49799 8370 0 96470 57950 38520 49799 8370 58169 -19649 true SCHOLARSHIPS & FELLOWSHIPS 1865 26930976 FMV TUITION CREDIT MONITORING THE USE OF GRANT FUNDS IN U.S. SCHEDULE I, 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 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 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). DORMITORY AUTHORITY OF THE STATE OF NEW YORK 146000293 6499037Q8 2009-01-28 30500000 FINANCE NEW DORMITORY false false false 30500000 1085576 0 0 1275271 0 0 28139153 0 0 2010 false false true true false false false false false true false true true MORGAN STANLEY 3. false false false false false CARIN GUARASCI PRESIDENT'S SPOUSE 67428 INSTRUCTOR/ADMINISTRATOR false X 15 934505 SELLING PRICE 0 false false false NUMBER OF CONTRIBUTIONS OR ITEMS CONTRIBUTED SCHEDULE M, PART I, LINE 9, COL. (B) THE AMOUNT REPORTED ON SCHEDULE M, PART I, LINE 9, COL. (B), REPRESENTS THE NUMBER OF CONTRIBUTIONS RECEIVED BY THE COLLEGE. 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.