2012-05-02T08:45:29-05:00 2011-06-30 JH COHN LLP 4 BECKER FARM ROAD ROSELAND NJ 070681739 990 2010-07-01 221500483 CALDWELL COLLEGE CALD 9736183230 120 BLOOMFIELD AVENUE CALDWELL NJ 070066195 JACK RAINEY 9736183230 2012-05-01 1 THOMAS LANNING 9732283500 2010 2016-02-24 21:20:13Z JACK RAINEY 9 RYERSON AVENUE CALDWELL NJ 07006 51097545 0 X HTTP://WWW.CALDWELL.EDU X 1939 NJ CALDWELL COLLEGE IS A PRIVATE LIBERAL ARTS INSTITUTION AFFILIATED WITH THE SISTERS OF ST. DOMINIC. THE EXEMPT PURPOSE IS TO PROVIDE EDUCATIONAL OPPORTUNITIES THAT WILL PREPARE STUDENTS FOR REWARDING CAREERS AND COMMUNITY LEADERSHIP. 27 26 845 6 64210 24916 1997150 1731350 36731835 40015536 493476 236427 4480153 5215317 43702614 47198630 10664488 12299264 0 0 18001734 17228800 0 0 717232 13882128 15156618 42548350 44684682 1154264 2513948 42931549 45429991 28465471 27452492 14466078 17977499 X FOUNDED IN 1939 BY THE SISTERS OF SAINT DOMINIC, CALDWELL COLLEGE IS A CATHOLIC INSTITUTION IN THE JUDAEO-CHRISTIAN TRADITION WITH A HERITAGE OF EIGHT CENTURIES OF DOMINICAN COMMITMENT TO HIGHER LEARNING, SERVING A DIVERSE POPULATION OF ALL AGES. CALDWELL COLLEGE PROVIDES AN EXCELLENT LIBERAL ARTS EDUCATION WHICH PROMOTES SPIRITUAL, INTELLECTUAL AND AESTHETIC GROWTH. UPON THIS FOUNDATION THE COLLEGE OFFERS CAREER RELATED PROGRAMS WHICH PREPARE ITS GRADUATES TO TAKE ADVANTAGE OF OPPORTUNITIES IN A COMPLEX SOCIETY. IN PURSUIT OF TRUTH AND LIFE-LONG LEARNING, CALDWELL COLLEGE FOSTERS THE WELL-BEING OF THIS AND FUTURE GENERATIONS. THROUGH A CURRICULUM AND EXTRACURRICULAR PROGRAM ROOTED IN THE CATHOLIC HUMANIST TRADITION, THE COLLEGE SEEKS TO EMPOWER ITS STUDENTS TO COMPREHEND COMMUNITY AND GLOBAL ISSUES AND TO ACT RESPONSIBLY TOWARD SELF AND OTHERS. 0 0 34681081 TO OFFER CAREER RELATED PROGRAMS WHICH PREPARE ITS GRADUATES TO TAKE ADVANTAGE OF OPPORTUNITIES IN A COMPLEX SOCIETY. THE COLLEGE SEEKS TO EMPOWER ITS STUDENTS TO COMPREHEND COMMUNITY AND GLOBAL ISSUES. THERE ARE APPROXIMATELY 2300 STUDENTS ATTENDING THE COLLEGE. 34681081 1 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 1 45 0 1 845 1 1 1 0 0 0 0 1 1 0 0 0 0 X 27 26 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X JOHN RAINEY VP - FINANCE 9736183230 120 BLOOMFIELD AVENUE CALDWELL NJ 070066195 BARRY E VANKAT 1.00 X 0 0 0 DANIEL A GERARDI 1.00 X 0 0 0 EDWARD R COLLINS 1.00 X 0 0 0 ELIZABETH CHALAS BERMAN 1.00 X 0 0 0 GREGORY J CARAFELLO 1.00 X 0 0 0 HELEN WESTERVELT 1.00 X X 0 0 0 JAMES R GONZALEZ 1.00 X 0 0 0 JOHN C PETERSON 1.00 X 0 0 0 JOSEPH BECKER CPA 1.00 X X 0 0 0 KATHLEEN BARABAS 1.00 X 0 0 0 KENNETH J GILMORE 1.00 X 0 0 0 LINDA LUCIANO 1.00 X 0 0 0 LISA M BROOMBERG ESQ 1.00 X 0 0 0 MARILYN BASTARDI 1.00 X X 0 0 0 MARK A REDA 1.00 X 0 0 0 MAUREEN T BEZER 1.00 X 0 0 0 NANCY COSTELLO MILLER ESQ 1.00 X 0 0 0 NANCY H BLATTNER 35.00 X X 211425 0 29698 PATRICK OSINSKI 1.00 X 0 0 0 ROBERT G PURDY 1.00 X 0 0 0 SR ARLENE ANTCZAK 1.00 X 0 0 0 SR DONNA CIANGIO 1.00 X 0 0 0 SR LUELLA RAMM 1.00 X 0 0 0 SR MARY EILEEN O'BRIEN 1.00 X 0 0 0 SR MARY LOU BAUMAN 1.00 X 0 0 0 SR PATRICIA COSTELLO 1.00 X 0 0 0 THOMAS J CONNAUGHTON 1.00 X 0 0 0 JOHN T RAINEY 35.00 X 159469 0 22917 JOSEPH POSILLICO 35.00 X 133161 0 30192 PATRICK PROGAR 35.00 X 113674 0 22895 KEVIN D BOYLE 35.00 X 108656 0 7057 SHEILA O'ROURKE 35.00 X 95318 0 22662 SISTER KATHLEEN A TUITE 35.00 X 0 0 0 BERNARD O'ROURKE 35.00 X 114144 0 4555 COLETTE LINDROTH 35.00 X 107832 0 9241 EDWARD J SCHONS 35.00 X 115560 0 15664 JEAN I ARMSTRONG 35.00 X 104150 0 9566 MARIE MULLANEY 35.00 X 0 0 0 STEPHEN MARET 35.00 X 151678 0 15283 1415067 0 189730 10 0 1 0 GOURMET DINING SERVICES LLC 285 MADISON AVENUE MADISON NJ 07940 FOOD SERVICE & FACILITIES CONTRACT 1395243 FOLLETT HIGHER EDUCATION 9 RYERSON AVENUE CALDWELL NJ 07006 CAMPUS STORE MAINTENANCE 678708 APG SECURITY SERVICES 116 NORTH BROADWAY SOUTH AMBOY NJ 08879 SECURITY SERVICES 345800 1800PRINTMECOM 122 MOUNT BETHEL ROAD SUITE 2 WARREN NJ 07059 PRINTING SERVICES 323800 ARTHUR J GALLAGHER RISK & CO PO BOX 36473 NEWARK NJ 07188 MANAGEMENT SERVICES 295143 5 156908 822219 752223 27402 1731350 TUITION & FEES 611710 40015536 40015536 40015536 75282 75282 158903 158903 158903 94693 64210 3986752 3825607 161145 161145 161145 67410 156908 73308 -5898 -5898 ROOM & BOARD 611710 4381819 4381819 JWEB REVENUE 611710 432570 432570 CAMPUS STORE 611710 133114 133114 114809 114809 5062312 47198630 45172541 64210 230529 12299264 12299264 962669 706986 227667 28016 12983911 10708316 1851256 424339 343891 343891 1735012 1735012 1203317 1203317 249300 249300 144442 144442 117421 117421 26178 26178 64212 64212 1038388 1019516 18872 931000 706254 190716 34030 408587 408587 2904838 2744578 114471 45789 516207 321988 173510 20709 1353268 532926 820342 1696729 1047753 637946 11030 221987 221987 UTILITIES 1260897 1187131 52690 21076 FOOD 1130190 1130190 NURSING PROGRAM 715220 715220 SPECIAL PROJECTS 699103 401592 175924 121587 EQUIPMENT LEASING 692289 262759 424994 4536 986362 896608 83634 6120 44684682 34681081 9286369 717232 902040 2082997 757632 237013 705873 885478 752602 463296 58909976 24169503 33627921 34740473 3651288 4210311 2534193 2810423 42931549 45429991 3640180 3862166 926014 790533 21597628 20732373 2301649 2067420 28465471 27452492 X 9903955 13368777 1103937 928005 3458186 3680717 14466078 17977499 42931549 45429991 X 2513948 997473 X X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1964026 49000 267267 31638 2248655 1724910 3250 308884 73018 1964026 1984918 29264 -222977 66295 1724910 0 0 4230268 4230268 43636725 17070017 26566708 1665351 1665351 0 8231641 5434135 2797506 1145991 1145991 34740473 DEFERRED FINANCING COSTS 369386 DEPOSITS HELD BY TRUSTEE 700276 BENEFICIAL INTEREST IN PERPETUAL TRUST 1740761 2810423 MARKET VALUE OF SWAP 2067420 2067420 47198630 44684682 2513948 763250 234223 997473 3511421 35735924 763250 73308 836558 34899366 12299264 12299264 47198630 32692956 307538 307538 32385418 12299264 12299264 44684682 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE COLLEGE IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND A SIMILAR PROVISION OF THE NEW JERSEY STATE INCOME TAX LAWS. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN REFLECTED IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE COLLEGE HAS NO UNRECOGNIZED TAX BENEFITS AT JUNE 30, 2011 AND 2010. THE COLLEGE'S U.S. FEDERAL AND STATE TAX FILINGS PRIOR TO FISCAL 2008 ARE CLOSED AND MANAGEMENT CONTINUALLY EVALUATES EXPIRING STATUTES OF LIMITATIONS, AUDITS, PROPOSED SETTLEMENTS, CHANGES IN TAX LAW AND NEW AUTHORITATIVE RULINGS. THE COLLEGE RECOGNIZES INTEREST AND PENALTIES ASSOCIATED WITH TAX MATTERS AS OPERATING EXPENSES AND INCLUDES ACCRUED INTEREST AND PENALTIES WITH ACCRUED EXPENSES IN THE STATEMENTS OF FINANCIAL POSITION. THERE WERE NO INTEREST OR PENALTIES PAID FOR THE YEARS ENDED JUNE 30, 2011 AND 2010. PART XI, LINE 8 - OTHER ADJUSTMENTS: INTEREST RATE SWAP 234,230. MISCELLANEOUS ROUNDING ADJUSTMENT -7. PART XII, LINE 2D - OTHER ADJUSTMENTS: EVENT EXPENSES 73,308. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIP ALLOWANCES 12,299,264. PART XIII, LINE 2D - OTHER ADJUSTMENTS: EVENT EXPENSES 73,308. INTEREST RATE SWAP 234,230. PART XIII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIP ALLOWANCES 12,299,264. ADDITIONAL EXPENSES 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION SCHEDULE E, PART I, LINE 3 CALDWELL COLLEGE USES THE FOLLOWING NOTICE IN NEWSPAPER, BROADCAST MEDIA ADMISSIONS AND CATALOGUES: CALDWELL COLLEGE DOES NOT DISCRIMINATE IN APPLICATIONS FOR STUDENTS IN PROGRAMS, FACILITIES OR SCHOLARSHIPS ON THE BASIS OF RACE, COLOR, CREED, AGE, NATIONAL OR ETHNIC ORIGIN OR DISABILITY. EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE SCHEDULE E, PART I, LINE 6 THE ORGANIZATION RECEIVES FUNDS FROM STATE OF NEW JERSEY UNDER THE INDEPENDENT COLLEGE UNIVERSITY ASSISTANCE ACT AND THROUGH THE EDUCATIONAL OPPORTUNITY FUND (EOF) OF NEW JERSEY. GOLF OUTING 89099 60669 28430 34696 PRESIDENTIAL GALA 135219 96239 38980 38612 1 224318 156908 67410 73308 73308 -5898 1 TUITION ASSISTANCE-SEE SUPPLEMANTAL INFORMATION PART V 1473 12299264 OTHER INFORMATION: PART IV: SUPPLEMENTAL TO SCHEDULE I PART I SPECIAL DISCOUNTS - 707,923 COLLEGE CONTRIBUTION - WORK STUDY 31,168 COLLEGE CONTRIBUTION - YOUTH MINISTRY 7,000 COLLEGE GRANTS 3,024,810 COLLEGE SCHOLARSHIPS 5,712,801 PRESIDENTIAL AWARDS 2,495,126 RESTRICTED SCHOLARSHIPS 164,112 CAMPUS EMPLOYMENT 128,892 GRADUATE ASSISTANTS 27,432 11,591,341 TOTAL TUITION ASSISTANCE 12,299,264 X 1 1 X X 0 0 0 0 0 0 0 0 0 NANCY H BLATTNER 211011 0 0 0 414 0 8000 0 21698 0 241123 0 0 0 JOHN T RAINEY 158888 0 0 0 581 0 6506 0 16411 0 182386 0 0 0 JOSEPH POSILLICO 133050 0 0 0 111 0 5902 0 24290 0 163353 0 0 0 STEPHEN MARET 151631 0 0 0 47 0 3038 0 12245 0 166961 0 0 0 WACHOVIA NJEFA 2006 SERIES F REVENUE BONDS 2006-07-01 21400000 FINANCING FOR CAMPUS BUILDINGS 0 0 0 DORMITORY SAFETY TRUST FUND SERIES 2003A 2003-10-09 209045 FINANCING 0 0 0 21400000 454379 20945621 2008 0 0 1 1 209045 209045 2004 0 0 1 1 0 0 0 0 1 0.00000 0.00000 0.00000 1 0 0 0 0 1 0.00000 0.00000 0.00000 1 0 0 0 0 0 0 0 0 0 0 0 0 X 2 27402 FMV 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE MEMBER IS THE CONGREGATION OF THE SACRED HEART OF JESUS OF THE THIRD ORDER OF SAINT DOMINIC. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBER HAS THE POWER TO APPOINT OR REMOVE TRUSTEES. FORM 990, PART VI, SECTION A, LINE 7B THE CONGREGATION OF THE SACRED HEART OF JESUS OF THE THIRD ORDER OF SAINT DOMINIC HAVE RESERVED POWERS EXCLUSIVELY WITH CALDWELL COLLEGE. FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 IS REVIEWED IN DETAIL BY THE BOARD FINANCE COMMITTEE AND BOARD AUDIT COMMITTEE PRIOR TO FILING. THE FORM 990 WAS PROVIDED TO AND MADE AVAILABLE TO THE ORGANIZATION'S BOARD OF TRUSTEES AND EACH VOTING MEMBER OF THE ORGANIZATION'S GOVERNING BODY PRIOR TO ITS FILING THE FEDERAL FORM 990. AS PART OF THE TAX RETURN PREPARATION PROCESS, THE ORGANIZATION HIRED A PROFESSIONAL CPA FIRM WITH EXPERIENCE AND EXPERTISE IN NOT-FOR-PROFIT TAX RETURN PREPARATION TO PREPARE THE FORM 990. THE CPA FIRM'S TAX PROFESSIONALS WORKED CLOSELY WITH THE ORGANIZATION'S FINANCE PERSONNEL AND VARIOUS OTHER INDIVIDUALS OF THE ORGANIZATION TO COMPLETE THE PREPARATION OF THE RETURN. THE CPA FIRM PRESENTED AND EXPLAINED THE TAX RETURN TO THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES AS PART OF THEIR MEETING. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION REGULARLY MONITORS AND COMPLIES WITH ITS CONFLICT OF INTEREST POLICY. ANNUALLY, OFFICERS, KEY EMPLOYEES AND EACH MEMBER OF THE BOARD OF TRUSTEES RECEIVES THE ORGANIZATION'S CONFLICT OF INTEREST POLICY TO REVIEW. FORM 990, PART VI, SECTION B, LINE 15 ANNUALLY, THE COLLEGE ESTABLISHES AND MAINTAINS REASONABLE EXECUTIVE COMPENSATION AND BENEFITS PROGRAMS THAT ALLOW THE COLLEGE TO EFFECTIVELY ATTRACT, RETAIN AND MOTIVATE KEY EXECUTIVES WHILE MAINTAINING COMPLIANCE WITH ALL LEGAL REQUIREMENTS. THE PROCESS FOR DETERMINING COMPENSATION OF THE PRESIDENT AND OTHER KEY OFFICERS OF THE ORGANIZATION INCLUDES UTILIZING COMPARABLE INDUSTRY DATA. THE COMPENSATION OF THE PRESIDENT IS REVIEWED AND APPROVED BY THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION C, LINE 19 THE COLLEGE MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY OR FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 763,250. INTEREST RATE SWAP 234,230. MISCELLANEOUS ROUNDING ADJUSTMENT -7. TOTAL TO FORM 990, PART XI, LINE 5: 997,473. FORM 990 PART XI, LINE 2C THE ORGANIZATION HAS AN AUDIT COMMITTEE WHO OVERSEES THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTS ITS INDEPENDENT ACCOUNTANTS. SISTERS OF ST DOMINIC 1 RYERSON AVENUE CALDWELL NJ 07006 221524780 RELIGIOUS ORGANIZATION NJ RELIGIOUS 501(C) 3 N/A 0 0 0 0 0 1 0 0 0 0 1 0 0 1 1 1 0 0 0 CONGREGATION OF THE SACRED HEART OF JESUS OF THE THIRD ORDER OF ST DOMINIC J 452223 FMV