2012-05-14T15:01:34-07:00 2011-06-30 990 2010-07-01 160743088 NAZARETH COLLEGE OF ROCHESTER NAZA 5853892525 4245 East Avenue Rochester NY 146183790 Margaret Ferber 5853892021 2012-05-14 2010 2016-02-24 21:20:13Z Daan Braveman 4245 East Avenue Rochester NY 146183790 97185010 0 X www.naz.edu X 1924 NY Nazareth College of Rochester is a coeducational, independent college that challenges students to rise to their potential with a liberal arts and sciences foundation, professional programs, experiential learning, and an innovative curriculum that addresses the current and emerging needs of the world. 32 26 2283 217 49180 0 7681068 7631605 82831912 85319951 274453 -606237 2285273 1640347 93072706 93985666 19520660 20354984 0 0 38406250 40480565 55241 34971 1719742 33095110 30847260 91077261 91717780 1995445 2267886 189333322 202853509 58734267 58772758 130599055 144080751 The mission of Nazareth College is to provide a learning community that educates students in the liberal arts, sciences, visual and performing arts, and professional fields, fostering commitment to a life informed by intellectual, ethical, spiritual, and aesthetic values; to develop skills necessary for the pursuit of meaningful careers; and to inspire dedication to the ideal of service to their communities. Nazareth seeks students who want to make a difference in their own world and the world around them, and encourages them to develop the understanding, commitment, and confidence to lead fully informed and actively engaged lives. 0 0 29820516 71694323 Higher Education Instruction - Reflects expenses directly relating to the delivery of quality instructional programs at the undergraduate, graduate and continuing education levels. Programs of study are delivered through the College of Arts and Sciences, and Schools of Education, Management and Health and Human Services. (2919 Total Student FTE's) 20354984 20354984 Scholarship Programs: Scholarships and Grants - Reflects the competitive scholarships, need based aid, and Higher Education Opportunity grants awarded to students in order to make the total cost of attendence more affordable. (2919 Total Student FTE's) 12559133 13963926 Auxiliary Enterprises - Pertains to the operations of the institution that exist to furnish a service to students, faculty, or staff, and that charge a fee that is directly related to, although not necessarily equal to, the cost of the service. Auxiliary enterprises are managed as essentially self-supporting activities. Examples are residence halls, food services, and student health services. (2919 Total Student FTE's) 17003183 585962 All other program expenses, includes Student Services, Academic Support and Arts Center. Student Services pertains to offices serving students including Registrar, Student Development, Center for Civic Engagement, Career Services and Enrollment Management. Athletic expenses are also reflected in this category. Academic support pertains to library services, Academic Advisement, the Center for International Education and the offices of the deans, among others. The Arts Center is a premier presenter of world-class dance, children's theatre, and international entertainment. The Arts Center houses the College's departments of Art, Music, and Theatre Arts. (2919 Total Student FTE's) 17003183 0 585962 79737816 1 1 0 1 0 0 0 0 0 1 1 1 0 0 1 1 1 0 1 0 1 0 1 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 1 4650 0 1 2283 1 1 1 1 FR SP 0 0 0 1 1 0 0 0 0 X 32 26 1 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 1 1 0 X X Margaret Cass Ferber 5853892021 4245 East Avenue Rochester NY 14618 Jackie Aab 2 X 0 0 0 Susan Acker 2 X 0 0 0 Jack Allocco 2 X 0 0 0 Walter Cooper 2 X 0 0 0 James Costanza 2 X 0 0 0 Lauren Dixon 2 X 0 0 0 Steve Dubnik 2 X 0 0 0 Emil Duda 2 X 0 0 0 Sergio Esteban 2 X 0 0 0 Timothy Fournier 2 X 0 0 0 Bridgette Hobart 2 X 0 0 0 Ann Marie Gulian 2 X 0 0 0 Brian Hickey 2 X 0 0 0 Thomas Ioele 2 X 0 0 0 Richard Kaplan 2 X 0 0 0 Don H Kollmorgen 2 X 0 0 0 Cynthia Reddeck - Lidestri 2 X 0 0 0 Judy Wilmot Linehan 5 X 0 0 0 Elizabeth McAnarney 2 X 0 0 0 Kim McCluski 2 X 0 0 0 Mary Louise Mitchell SSJ 2 X 0 0 0 Robert Morgan 2 X 0 0 0 Stephen D Natapow 2 X 0 0 0 Richard Pierpont 2 X 0 0 0 Eileen Pinto 2 X 0 0 0 Nancy Sands 2 X 0 0 0 Patricia Schoelles SSJ 2 X 0 0 0 James P Sessler 2 X 0 0 0 Anne Sevier Buckingham 2 X 0 0 0 David Vigren 2 X 0 0 0 Steve Whitman 2 X 0 0 0 Thomas Wilmot Sr 2 X 0 0 0 Jane L Glazer 2 X 0 0 0 Lori VanDusen 2 X 0 0 0 Daan Braveman 50 X X 362385 0 52227 Sara Varhus 50 X 177981 0 15377 Margaret Cass Ferber 50 X 177722 0 18876 Thomas K DaRin 50 X 139290 0 14660 Kelly Gagan 50 X 144250 0 15531 Kevin Worthen 50 X 116510 0 16560 Deborah Dooley 50 X 111321 0 15388 Jo Ellen Pinkham 50 X 109137 0 9873 Shirley Szekeres 50 X 107825 0 17629 Timothy Glander 50 X 107271 0 18386 Trina Marquez 50 X 105702 0 15835 1659394 0 210342 14 0 1 0 Chartwells Dining Services 91337 Collections Dr Chicago IL 60693 Food Service- Includes the price of food as it is not separately invoiced 4018097 Sodexho Inc 220 Washington Ave Ext Albany NY 12203 Facilities Management 2950958 Burt Hill 650 Smithfield Street Pittsburgh PA 15222 Architects 1293729 Wilmorite Inc 1265 Scottsville Rd Rochester NY 14624 Construction Managers 1041883 Zehno 757 St Charles Ave New Orleans LA 70130 Marketing Communications for the College 510798 14 0 0 8152 0 2432803 5190650 3292792 7631605 Tuition & Fees 611310 71694323 71694323 0 0 Room & Board 611310 13039966 0 0 13039966 Public Services 611310 585662 557680 27982 0 0 0 0 0 85319951 1006231 0 0 1006231 0 0 0 0 0 0 0 0 101500 0 0 0 101500 0 101500 0 0 101500 1563838 0 3301746 -125440 -1737908 125440 -1612468 0 0 -1612468 34285 8152 23038 11247 0 11247 0 0 0 0 0 0 Child Care Center, Helath Center Fee and Student Parking 611710 531399 0 0 531399 Commissions 900099 207113 0 0 207113 Overhead Reimbursement 900099 36379 0 0 36379 752709 0 21198 731511 1527600 93985666 72252003 49180 14052878 0 0 19988892 19988892 366092 366092 0 0 1223583 491314 527631 204638 0 0 0 0 30488643 26320176 3542494 625973 2100097 1825471 234231 40395 4345912 3689697 548590 107625 2322330 1967613 295151 59566 0 0 0 0 149726 0 149726 0 92640 0 92640 0 78875 0 78875 0 34971 34971 179658 0 179658 0 739372 600436 138936 0 1026735 554895 471840 0 4022211 3231172 693369 97670 1254495 190632 1063863 0 0 0 0 0 4920870 4477992 376447 66431 748785 645218 81697 21870 0 0 0 0 260103 184587 65448 10068 1567762 1426663 119934 21165 0 0 0 0 6612606 6017472 505864 89270 573247 546759 22515 3973 Other Operating Expenses 3586300 2799283 518482 268535 Food Service 3694166 3481925 163013 49228 Academic Course Waivers 484294 454407 29887 0 Catalogs/Brochures and Surveys 375444 352370 23074 0 Dues and Membership 248655 124750 105541 18364 231316 0 231316 0 91717780 79737816 10260222 1719742 0 19060414 21221213 5231975 4605695 3220871 2716540 0 0 0 0 1962071 1847797 0 0 437158 504376 182843178 70255063 108572995 112588115 28302200 34869326 20421915 21683096 0 2123723 2817351 189333322 202853509 8131892 9685039 0 0 2091823 1607766 29527320 28411761 0 0 0 0 5930454 5925000 0 0 13052778 13143192 58734267 58772758 X 112164630 118340472 5147736 12050941 13286689 13689338 130599055 144080751 189333322 202853509 X 2267886 11213810 X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 0 0 0 0 1 3353 1 498 0 3851 0 SchC_P2B_S00_L01 Schedule C, Part II-B, Line 1 The College is a member of a regional chamber of commerce whereas 10% of their activities engage in state and federal lobbying. In addition, the President as well as an additional staff member averaged 30 hours in fiscal year 2011 engaged in lobbying activities for the College. These activitites included phone conversations and meetings with legislators and other government officials, seeking federal and state aid for Nazareth College initiatives. 48786820 696942 10285855 0 2883949 0 56885668 45613341 437160 5483328 0 2534271 212738 48786820 60534230 715509 -12623894 0 2982817 29687 45613341 0.67 0.33 0 0 0 8232974 0 8232974 68079918 0 27400800 40679118 0 0 0 0 34675042 0 21474735 13200307 71855244 0 21379528 50475716 112588115 Hedge Funds 16168434 F Real Estate Assets 5514662 F 21683096 Trustee Asset Accounts, Misc Accounts Receivable 2817351 2817351 Accrued Post Retirement Benefit Obligation 10038142 Asset Retirement Obligation 1707114 Governement Loan Program Refundable Advancement 1397936 13143192 93985666 91717780 2267886 0 0 0 0 11213810 11213810 13481696 84559817 11211195 0 0 -20354984 -9143789 93703606 179658 102402 282060 93985666 71078121 0 0 0 -105017 -105017 71183138 179658 20354984 20534642 91717780 SchD_P05_S00_L04 Schedule D, Part V, Line 4 The spending from assets held for endowment and similar purposes are used to support the College's operating budget, academic programs, and provide scholarships to students. SchD_P10_S00_L02 Schedule D, Part X, Line 2 The Internal Revenue Service has determined and informed the College by a letter dated June 8, 1973 that the College is generally exempt from tax on related income, under Section 501(a) of the Internal Revenue Code as an organization described in Section 501(c)(3). Management does not believe that any circumstances arising after the date of the Internal Revenue Service determination letter will affect the tax exempt status of the College. The College recognizes the effect of income tax provisions only if those positions are more likely than not of being sustained. Recognized income tax positions are measured at the largest amount that is greater than 50% likely of being realized. Changes in recognition or measurement are reflected in the period in which the change in judgment occurs. SchD_P11_S00_L08 Schedule D, Part XI, Line 8 This amount represents unrealized gains on long-term investments and the change in value of charitable annuities. SchD_P12_S00_L02d Schedule D, Part XII, Line 2d This amount represents the amount of scholarships and grants awarded to Nazareth students. SchD_P12_S00_L04b Schedule D, Part XII, Line 4b This amount represents gain on disposal of $125,440 and direct fundraising expenses of $23,038. SchD_P13_S00_L02d Schedule D, Part XIII, Line 2d This amount represents gain on disposal of $125,440, direct fundraising of $23,038 and change in charitable annuities of -$2,615. SchD_P13_S00_L04b Schedule D, Part XIII, Line 4b Scholarships and grants of $20,354,984. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SchE_P01_S00_L03 Schedule E, Part I, Line 3 A "Notice of Non-Discriminatory Policy as to Students" was published in the daily newspaper published in the city of Rochester on September 21, 2010. This notice described the College's non-discriminatory policy and stated that any questions regarding the application of the policy should be directed to the Human Resources department at the College. SchE_P01_S00_L06 Schedule E, Part I, Line 6 The College receives funding from the US Department of Education for the Federal Supplemental Educational Opportunity Grant, Federal Work Study, Federal Pell Grant Program, Academic Competitive Grants, SMART Grants, and TEACH Grants. New York State funds various programs such as: Higher Educational Opportunity Program, Teachers Opportunity Corp., Eisenhower Grant, NYS TAP, NYS Excellence, and NYS Lottery and State appropriations in the form of Bundy Aid and High Needs Nursing Aid. 1 Central America and the Caribbean 0 0 Grantmaking Awarded financial aid to international students. 19180 East Asia and the Pacific 0 0 Grantmaking Awarded financial aid to international students. 96540 Europe (including Iceland and Greenland) 0 0 Grantmaking Awarded financial aid to international students. 113850 Middle East and North Africa 0 0 Grantmaking Awarded financial aid to international students. 9750 Russia and the newly independent States 0 0 Grantmaking Awarded financial aid to international students. 72162 South America 0 0 Grantmaking Awarded financial aid to international students. 9590 South Asia 0 0 Grantmaking Awarded financial aid to international students. 15200 Sub-Saharan Africa 0 0 Grantmaking Awarded financial aid to international students. 29820 0 0 366092 FInancial Aid Central America and the Caribbean 1 19180 The amount of the award is deducted from the students tuition bill. 0 Fair Market Value Financial Aid Middle East and North Africa 1 9750 The amount of the award is deducted from the students tuition bill. 0 Fair Market Value Financial Aid Europe (including Iceland and Greenland) 10 113850 The amount of the award is deducted from the students tuition bill. 0 Fair Market Value Financial Aid East Asia and the Pacific 7 96540 The amount of the award is deducted from the students tuition bill. 0 Fair Market Value Financial Aid Russia and the newly independent States 3 72162 The amount of the award is deducted from the students tuition bill. 0 Fair Market Value Financial Aid South America 1 9590 The amount of the award is deducted from the students tuition bill. 0 Fair Market Value Financial Aid South Asia 1 15200 The amount of the award is deducted from the students tuition bill. 0 Fair Market Value Financial Aid Sub-Saharan Africa 2 29820 The amount of the award is deducted from the students tuition bill. 0 Fair Market Value 0 0 0 0 0 0 SchF_P01_S00_L02 Schedule F, Part I, Line 2 The international students receiving scholarships are coded in the College's software system. A report listing each of these students was printed from the College's software system. X X X X X X X 1 The Solstice Group 120 Brindley St Ste 7 Ithaca NY 14850 Campaign Counsel 0 0 34971 -34971 0 34971 -34971 NY Athletics Golf Tournament 23351 3329 20022 0 0 10046 0 0 238 School of Management Golf Tournament 13301 4239 9062 250 836 6312 0 0 1218 3 5785 584 5201 85 0 3175 0 0 878 42437 8152 34285 335 836 19533 0 0 2334 23038 11247 1 Competitive Scholarships 1910 16325758 Grants in Aid 907 2645085 Higher Education Opportunity Program 53 1018049 SchI_P01_S00_L02 Schedule I, Part I, Line 2 All College scholarships and grants awarded through the financial aid process are recorded as credits on the students' bill. These awards help to offset the cost of tuition, fees, and room and board for the students. The scholarship and grants are tracked in the College's software system. X X X 1 1 X X X X 0 0 0 0 0 0 0 0 0 Daan Braveman 274019 0 0 0 88366 0 45746 0 6481 0 414612 0 410642 0 Margaret Cass Ferber 176762 0 0 0 960 0 17603 0 1273 0 196598 0 197991 0 Sara Varhus 177021 0 0 0 960 0 14104 0 1273 0 193358 0 195322 0 Kelly Gagan 143290 0 0 0 960 0 14261 0 1270 0 159781 0 158405 0 Thomas K DaRin 134535 0 0 0 4755 0 13410 0 1250 0 153950 0 185344 0 SchJ_P01_S00_L01a Schedule J, Part I, Line 1a In compliance with Board policy requiring justification for business purpose of expenditures, the College President was provided with travel for his wife in the amount of $1,210. The President also received a housing allowance in the amount of $55,008 and gross-up payments in the amount of $1,284 related to the statutory benefit obligations (FICA and Medicare) of his 457B contribution. SchJ_P01_S00_L03 Schedule J, Part I, Line 3 The Compensation Sub-Committee, a sub-committee of the Executive Committee of the Board of Trustees, meets annually to review the President's performance as compared to the goals set forth for him from the previous fiscal year. As needed, the Sub-Committee engages an independent consultant to provide competitive market data from comparable institutions and to recommend changes to the President's base salary level and/or benefits offerings. The Compensation Sub-Committee's recommendations are submitted to the Executive Committee for review and endorsement. Once approved by the Executive Committee, the recommendations are considered and voted on by the full Board of Trustees in executive session. County of Monroe Industrial Development Agency 161005429 610752EK9 2008-01-30 9030000 To finance construction of a building and site improvements 0 0 0 County of Monroe Industrial Development Agency 161005429 610752CR6 2004-09-24 8355000 Refinance of Series 1995 0 0 0 615000 0 9030000 0 0 0 335820 0 0 8567632 126548 0 2009 0 0 1 1 3210000 0 8355000 0 0 0 565130 0 0 0 0 0 2005 0 1 1 1 0 0 0 0 0 0 0 0 1 0 1 1 JP Morgan Chase Bank NA 30 0 0 0 0 1 0 0 0 0 0 1 SchK_P03_S00_L03c Schedule K, Part III, Line 3c In reference to this specific financed property, no agreements exist that would warrant the need to engage counsel. Emil Duda Trustee/CFO of Excellus Blue Cross Blue Shield 2887558 Following a competitive bid process, Excellus was selected as the health insurance carrier for Nazareth College faculty and staff for fiscal year 2011 0 Brian Hickey Trustee/Executive Vice President of M&T Bank 2234603 Mr. Hickey is Executive Vice President of M&T Bank. The College uses M&T Bank for both investment and operating account purposes. M&T Investment Group acts as trustee for the College's bond issues. M&T Securities Inc., is co-manager for the College's bonds issued in August 2011. 0 Thomas Wilmot Trustee/Chairman of Wilmorite 805066 Following a competitive bid process, Wilmorite was selected to provide Nazareth College with constuction management services for certain construction projects during fiscal year 2011. 0 Lauren Dixon Trustee/CEO of Dixon Schwabl 105677 Mrs Dixon is CEO of Dixon Schwabl. The College uses Dixon Schwabl for advertising of the Arts Center and the annual Dance Festival. The fees paid to Dixon-Schwabl include the costs of media placement and related commissions. 0 Judy Wilmot Linehan Chair of the Board 0 Family and business relationship with Thomas Wilmot, another Trustee who is chairman of Wilmorite, Inc. Following a competitive bid process, Wilmorite was selected to provide Nazareth College with construction management services for certain construction projects, during fiscal year 2011. 0 X 16 185132 FMV X Pledges 43 3107660 FMV 0 1 1 1 SchM_P01_S00_L30b Schedule M, Part I, Line 30b In the fall of 2010 Nazareth College equestrian team received a horse donation from a Nazareth community member valued at $4,500. The College also received swimming and diving equipment from a community member valued at $1,213. SchM_P01_S00_L32b Schedule M, Part I, Line 32b The Solstice Group was retained by Nazareth College starting in 2006 to do the preliminary study for the college's comprehensive fundraising campaign. When the campaign started in 2007, they continued as the counsel for the campaign, lending direction, support, training etc. for the president, volunteers, and campaign & development staff. The College has an annual contract with them, and pays accordingly for services used. F990_P06_S0A_L01a Form 990, Part VI, Section A, Line 1a The Executive Committee composition consists of the Chair and Vice Chair of the Board of Trustees, the President of the College, and no fewer than two and no more than four Trustees elected by the Board of Trustees. The Executive Committee shall serve for a term of one year and until their successors are elected and qualified. All Committee members are on the governing board. Scope of Authority - The Committee shall have the power to act when the Board is not in session, and may exercise all the powers of the Board in all matters which in the judgment of the Executive Committee should not be delayed until the next meeting of the Board. The Executive Committee shall make a formal report of its actions, if any, to the Board at its next regular meeting. F990_P06_S0A_L02 Form 990, Part VI, Section A, Line 2 Judy Wilmot Linehan and Thomas Wilmot have a family and business relationship. F990_P06_S0B_L11b Form 990, Part VI, Section B, Line 11b The Audit Committee, a sub-committee of the governing body, reviewed the 2010 Form 990 in detail prior to its filing. The minutes of the Audit Committee meeting summarized this review, and were distributed to all trustees. F990_P06_S0B_L12c Form 990, Part VI, Section B, Line 12c The College annually distributes the conflict of interest policy to the trustees, officers, the assistant secretary to the Board and the Secretary to the College. The information received is compiled, analyzed, maintained and monitored by the College's general counsel. All results are forwarded to the College's President, Vice President for Finance and Treasurer, and the Assistant Secretary to the Board. F990_P06_S0B_L13 Form 990, Part VI, Section B, Line 13 As of the end of the fiscal year, the College did not have a written whistle-blower policy; however as of the date of this filing, the finance staff has completed a final draft which has been endorsed by the Audit Committee and is pending approval by the Executive Committee. F990_P06_S0B_L14 Form 990, Part VI, Section B, Line 14 The College currently does not have a written document retention and destruction policy; however the finance staff is currently in the process of developing such a policy for the College. F990_P06_S0B_L15 Form 990, Part VI, Section B, Line 15 The Compensation Sub-Committee, a sub-committee of the Executive Committee of the Board of Trustees, meets annually to review the President's performance as compared to the goals set forth for him from the previous fiscal year. As needed, the Sub-Committee engages an independent consultant to provide competitive market data from comparable institutions and to recommend changes to the President's base salary level and/or benefits offerings. The Compensation Sub-Committee's recommendations are submitted to the Executive Committee for review and endorsement. Once approved by the Executive Committee, the recommendations are considered and voted on by the full Board of Trustees in executive session. Compensation levels for the Vice Presidents of the College are determined annually by the President, with review and endorsement from the Executive Committee of the Board. Inputs include performance to annual goals, an overall assessment of significant contributions to and leadership of the College, as well as competitiveness of pay relative to comparable institutions. On a periodic basis (e.g., once every three to five years), an independent consultant is engaged to review salary levels for each Vice President, to provide competitive market information, and to recommend adjustments for consideration by the President and the Executive Committee. F990_P06_S0C_L19 Form 990, Part VI, Section C, Line 19 The College makes its governing documents, conflict of interest policy, and financial statements available to the public upon request. F990_P11_S00_L05 Form 990, Part XI, Line 5 This amount represents unrealized gains on long-term investments and the change in value of charitable annuities.