RUSSELL SAGE COLLEGE: Form 990, tax year 2009
View the entire original 990 at ProPublica ↗
- Organization
- RUSSELL SAGE COLLEGE (EIN 14-1338488)
- Tax period
- 2009-05-01 to 2010-04-30
- Filed
- 2011-03-12
- IRS object ID
- 201120719349300507
- Schema version
- 2009v1.3
- 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 ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2011-03-12T11:15:51-08:00 | Timestamp |
| Tax Period End Date | 2010-04-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CUSACK & COMPANY CPAS LLC | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 7 AIRPORT PARK BLVD | AddressLine1 |
| City | LATHAM | City |
| State | NY | State |
| ZIP Code | 12110 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2009-05-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 141338488 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE SAGE COLLEGES | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | SAGE | NameControl |
| Phone | 5182442200 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 45 FERRY STREET | AddressLine1 |
| City | TROY | City |
| State | NY | State |
| ZIP Code | 121804003 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | PETER HUGHES | Name |
| Title | VP FINANCE & ADMINISTRATION | Title |
| Phone | 5182442200 | Phone |
| Date Signed | 2011-03-11 | DateSigned |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | KENNETH B CLAFLIN CPA | Name |
| Phone | 5187863550 | Phone |
| Self Employed | X | SelfEmployed |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2009 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
Name Of Principal Officer Business NameOfPrincipalOfficerBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PETER HUGHES | BusinessNameLine1 |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 45 FERRY STREET | AddressLine1 |
| City | TROY | City |
| State | NY | State |
| ZIP Code | 12180 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 69357554 | GrossReceipts |
| Group Return For Affiliates | false | GroupReturnForAffiliates |
| Organization501c | X | Organization501c |
| Web Site | N/A | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1916 | YearFormation |
| State Legal Domicile | NY | StateLegalDomicile |
| Activity Or Mission Description | COLLEGIATE EDUCATION OF STUDENTS | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 22 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 21 | NbrIndependentVotingMembers |
| Total Nbr Employees | 1477 | TotalNbrEmployees |
| Total Nbr Volunteers | 0 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Contributions Grants Prior Year | 5290387 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 5769050 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 44829677 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 54417637 | ProgramServiceRevenueCY |
| Investment Income Prior Year | -512420 | InvestmentIncomePriorYear |
| Investment Income Current Year | 43112 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 124677 | OtherRevenuePriorYear |
| Other Revenue Current Year | 67824 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 49732321 | TotalRevenuePriorYear |
| Total Revenue Current Year | 60297623 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 13118365 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 19004202 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 26010992 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 25463735 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 1974759 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 17169878 | OtherExpensePriorYear |
| Other Expenses Current Year | 18982562 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 56299235 | TotalExpensesPriorYear |
| Total Expenses Current Year | 63450499 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | -6566914 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | -3152876 | RevenuesLessExpensesCY |
| Total Assets BOY | 84148079 | TotalAssetsBOY |
| Total Assets EOY | 86546234 | TotalAssetsEOY |
| Total Liabilities BOY | 40444763 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 41461436 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 43703316 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 45084798 | NetAssetsOrFundBalancesEOY |
| Mission Description | COLLEGIATE EDUCATION OF STUDENTS | MissionDescription |
| Significant New Program Services | false | SignificantNewProgramServices |
| Significant Change | false | SignificantChange |
| Expense | 57270125 | Expense |
| Grants | 19004202 | Grants |
| Revenue | 54417637 | Revenue |
| Description | COLLEGIATE EDUCATION OF STUDENTS. | Description |
| Total Program Service Expense | 57270125 | TotalProgramServiceExpense |
| Described In501 C3 | true | DescribedIn501C3 |
| Schedule B Required | false | 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 |
| Balance Sheet Amounts Reported | true | BalanceSheetAmountsReported |
| Independent Audit Financial Stmt | true | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | false | ConsolidatedAuditFinancialStmt |
| School | true | School |
| Foreign Office | false | ForeignOffice |
| Foreign Activities | false | ForeignActivities |
| More Than5000 K To Organizations | false | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividuals |
| Professional Fundraising | false | ProfessionalFundraising |
| Fundraising Activities | false | 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 | false | TaxExemptBonds |
| 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 | false | 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 |
| Transfers To Exempt Non Chrtbl Org | false | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | false | ActivitiesConductedPartnership |
| Schedule O Required | true | ScheduleORequired |
| Number Forms Transmitted With1096 | 146 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | true | ComplianceWithBackupWitholding |
| Number Of Employees | 1477 | NumberOfEmployees |
| Employment Tax Returns Filed | true | EmploymentTaxReturnsFiled |
| Unrelated Business Income | false | UnrelatedBusinessIncome |
| 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 |
| Excess Business Holdings | false | ExcessBusinessHoldings |
| Taxable Distributions | false | TaxableDistributions |
| Distribution To Donor | false | DistributionToDonor |
| Nbr Voting Governing Body Members | 22 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 21 | NumberIndependentVotingMembers |
| Family Or Business Relationship | false | 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 | true | 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 | PETER HUGHES | NamePerson |
| Telephone Number | 5182442095 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 45 FERRY STREET | AddressLine1 |
| City | TROY | City |
| State | NY | State |
| ZIP Code | 121804003 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (26 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | OfficerOfficer | Highest Compensated EmployeeHighestCompensatedEmployee | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation |
|---|---|---|---|---|---|---|---|
| SUSAN SCRIMSHAW | |||||||
| PRESIDENT | 40.00 | X | X | X | 311148 | 0 | 0 |
| JANE ALTES | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| KEVIN BETTE | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| DONNA ESTEVES | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| MARILYN MILLER FOWLER | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| ALAN GOLDBERG | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| EILEEN WITZMAN GOLDBLATT | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| BARRY ILBERMAN | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| KAREN JOHNS | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| JANET JONES | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| ALEXANDRA JUPIN | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| FREDERICK MILLER | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| JAMES MORLEY | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| CHESTER OPALKA | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| DEANE PFEIL | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| JAMES REED | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| SUSAN RICHTER | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| FAITH RUBIN | |||||||
| TRUSTEE | 1 | X | |||||
| TIP SIMONS | |||||||
| TRUSTEE | 1 | X | |||||
| ROBIN LIVINGSTON TAUBIN | |||||||
| TRUSTEE | 1 | X | |||||
| CHARLOTTE TRACY | |||||||
| TRUSTEE | 1 | X | |||||
| LAURA THALMANN WARNER | |||||||
| TRUSTEE | 1 | X | |||||
| MELISSA KOMARA | |||||||
| AVP INST. ADVANCE | 40 | X | 87373 | ||||
| DANIEL LUNDQUIST | |||||||
| VP MARKETING/ENROLLMENT | 40 | X | 184622 | ||||
| DEIRDRE ZARRILLO | |||||||
| VP ADMIN & PLANNING | 40 | X | 118472 | ||||
| PETER HUGHES | |||||||
| VP FINANCE & ADMINISTRATION | 40 | X | 109698 | ||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 811313 | TotalReportableCompFromOrg |
| Number Individuals GT100 K | 4 | NumberIndividualsGT100K |
| Formers Listed | false | 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 |
|---|---|---|---|---|---|
| SODEXO OPERATIONS LLC | |||||
| BOX 81049 | WOBURN | MA | 01813 | FOOD SERVICE | 1992172 |
| MAGGS ASSOCIATES | |||||
| 501 STATE ST | SCHENECTADY | NY | 12305 | INSURANCE AGENT | 647976 |
| UNIVERSITY HIEGHTS ASSOCIATION | |||||
| SUITE B222 84 HOLLAND AVENUE | ALBANY | NY | 12208 | SHUTTLE SERVICE | 862222 |
| BAST HATFIELD INC | |||||
| 1399 VISCHERS FERRY ROAD | CLIFTON PARK | NY | 12065 | CONTRACTOR | 1551217 |
| ZONE 5 INC | |||||
| 25 MONROE STREET | ALBANY | NY | 12210 | PRINTING/ADVERTISING | 597726 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 44 | NumberOfContractorsGT100K |
| Government Grants | 2741869 | GovernmentGrants |
| All Other Contributions | 3027181 | AllOtherContributions |
| Total Contributions | 5769050 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (5 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| TUITION & FEES | 611710 | 49252406 | 49252406 |
| AUXILIARY ENTERPRISES | 611710 | 4867335 | 4867335 |
| PARKING | 812930 | 60500 | 60500 |
| TRANSCRIPTS | 611710 | 28862 | 28862 |
| OTHER SOURCES | 900099 | 208534 | 208534 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 54417637 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 1015378 | TotalRevenueColumn |
| Exclusion | $1,015,378 | ExclusionAmount |
Gross Rents GrossRents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 88300 | Real |
Less Rental Expenses LessRentalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 20476 | Real |
Rental Income Or Loss RentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 67824 | Real |
Net Rental Income Or Loss NetRentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 67824 | TotalRevenueColumn |
| Exclusion | $67,824 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 8067189 | Securities |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 9039455 | Securities |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | -972266 | Securities |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -972266 | TotalRevenueColumn |
| Exclusion | -$972,266 | ExclusionAmount |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 60297623 | TotalRevenueColumn |
| Related Or Exempt Function Income | 54417637 | RelatedOrExemptFunctionIncome |
| Exclusion | $110,936 | ExclusionAmount |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 19004202 | Total |
| Program Services | 19004202 | ProgramServices |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 420846 | Total |
| Program Services | 0 | ProgramServices |
| Management And General | 420846 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 20309461 | Total |
| Program Services | 17910021 | ProgramServices |
| Management And General | 1231711 | ManagementAndGeneral |
| Fundraising | 1167729 | Fundraising |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1123866 | Total |
| Program Services | 1027938 | ProgramServices |
| Management And General | 89591 | ManagementAndGeneral |
| Fundraising | 6337 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2055504 | Total |
| Program Services | 1558067 | ProgramServices |
| Management And General | 296487 | ManagementAndGeneral |
| Fundraising | 200950 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1554058 | Total |
| Program Services | 1342634 | ProgramServices |
| Management And General | 123885 | ManagementAndGeneral |
| Fundraising | 87539 | Fundraising |
Fees For Services Management FeesForServicesManagement
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 212112 | Total |
| Program Services | 15029 | ProgramServices |
| Management And General | 197083 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 97641 | Total |
| Program Services | 3658 | ProgramServices |
| Management And General | 90083 | ManagementAndGeneral |
| Fundraising | 3900 | Fundraising |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 88300 | Total |
| Program Services | 0 | ProgramServices |
| Management And General | 88300 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 6584900 | Total |
| Program Services | 6014166 | ProgramServices |
| Management And General | 329216 | ManagementAndGeneral |
| Fundraising | 241518 | Fundraising |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 385925 | Total |
| Program Services | 376493 | ProgramServices |
| Management And General | 7412 | ManagementAndGeneral |
| Fundraising | 2020 | Fundraising |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2045731 | Total |
| Program Services | 2045731 | ProgramServices |
| Management And General | 0 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 706947 | Total |
| Program Services | 585643 | ProgramServices |
| Management And General | 74109 | ManagementAndGeneral |
| Fundraising | 47195 | Fundraising |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 955979 | Total |
| Program Services | 955979 | ProgramServices |
| Management And General | 0 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2444600 | Total |
| Program Services | 2444600 | ProgramServices |
| Management And General | 0 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 470643 | Total |
| Program Services | 324447 | ProgramServices |
| Management And General | 146196 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Other Expenses OtherExpenses (5 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral | FundraisingFundraising |
|---|---|---|---|---|
| SUPPLIES | 970864 | 893494 | 63055 | 14315 |
| BOOKS & PERIODICAL | 443557 | 441443 | 713 | 1401 |
| BAD DEBTS | 263232 | 329 | 262903 | 0 |
| HOSPITALITY | 185982 | 140695 | 25914 | 19373 |
| PRINTING | 249856 | 161304 | 0 | 88552 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2876293 | Total |
| Program Services | 2024252 | ProgramServices |
| Management And General | 758111 | ManagementAndGeneral |
| Fundraising | 93930 | Fundraising |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 63450499 | Total |
| Program Services | 57270125 | ProgramServices |
| Management And General | 4205615 | ManagementAndGeneral |
| Fundraising | 1974759 | Fundraising |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1093308 | BOY |
| EOY | 949552 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1845804 | BOY |
| EOY | 2496491 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3121429 | BOY |
| EOY | 3247874 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 200710 | BOY |
| EOY | 223844 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 87074665 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 36417895 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 50736806 | BOY |
| EOY | 50656770 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 17185458 | BOY |
| EOY | 18409619 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 8717060 | BOY |
| EOY | 9366640 | EOY |
Intangible Assets IntangibleAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 406224 | BOY |
| EOY | 382198 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 841280 | BOY |
| EOY | 813246 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 84148079 | BOY |
| EOY | 86546234 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5843390 | BOY |
| EOY | 5053867 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 758204 | BOY |
| EOY | 939465 | EOY |
Tax Exempt Bond Liabilities TaxExemptBondLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 21020000 | BOY |
| EOY | 15095000 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 6821168 | BOY |
| EOY | 14414270 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 6002001 | BOY |
| EOY | 5958834 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 40444763 | BOY |
| EOY | 41461436 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 23551081 | BOY |
| EOY | 28186553 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 7516433 | BOY |
| EOY | 3483316 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 12635802 | BOY |
| EOY | 13414929 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 43703316 | BOY |
| EOY | 45084798 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 84148079 | BOY |
| EOY | 86546234 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| 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 | false | FederalGrantAuditRequired |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School170b1 Aii | X | School170b1Aii |
| Public Support Total170 | 0 | PublicSupportTotal170 |
Gross Investment Income170 GrossInvestmentIncome170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Pertcentage170 | 0 | PublicSupportPertcentage170 |
| Public Support Total509 | 0 | PublicSupportTotal509 |
| Public Support Percentage509 | 0 | PublicSupportPercentage509 |
| Investment Income Percentage | 0 | InvestmentIncomePercentage |
Schedule D IRS990ScheduleD
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 24830177 | BeginningOfYearBalance |
| Contributions | 1453779 | Contributions |
| Investment Earnings Or Losses | 3562092 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 1959094 | GrantsOrScholarships |
| Other Expenditures | 1000749 | OtherExpenditures |
| Administrative Expenses | 136148 | AdministrativeExpenses |
| End Of Year Balance | 26750057 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 31186022 | BeginningOfYearBalance |
| Contributions | 1304704 | Contributions |
| Investment Earnings Or Losses | -6553883 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 688734 | GrantsOrScholarships |
| Other Expenditures | 307985 | OtherExpenditures |
| Administrative Expenses | 109947 | AdministrativeExpenses |
| End Of Year Balance | 24830177 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated EOY Balance | 0.44000 | BoardDesignatedEOYBalance |
| Permanent Endowment EOY Balance | 0.50000 | PermanentEndowmentEOYBalance |
| Term Endowment EOY Balance | 0.06000 | TermEndowmentEOYBalance |
| Endowments Held By Unrelated Orgs | true | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | false | EndowmentsHeldByRelatedOrgs |
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 5764246 | OtherCostOrOtherBasis |
| Book Value | 5764246 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 66853392 | OtherCostOrOtherBasis |
| Depreciation | 26215170 | Depreciation |
| Book Value | 40638222 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 11451853 | OtherCostOrOtherBasis |
| Depreciation | 10202725 | Depreciation |
| Book Value | 1249128 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 3005174 | OtherCostOrOtherBasis |
| Book Value | 3005174 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 50656770 | TotalOfBookValueLandBuildings |
Other Securities OtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | ALTERNATIVE INVESTMENTS | Description |
| Book Value | 9366640 | BookValue |
| Method Of Valuation | F | MethodOfValuation |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Securities | 9366640 | TotalOfBookValueSecurities |
Other Assets OtherAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | DEPOSITS HELD BY TRUSTEE | Description |
| Book Value | 813246 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | 813246 | TotalBookValueOtherAssets |
Other Liabilities OtherLiabilities (8 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| ANNUITIES PAYABLE | $308,897 |
| ASSET RETIREMENT OBLIGATION | $1,522,212 |
| DEPOSITS HELD FOR OTHERS | $171,883 |
| LIFE INCOME PAYABLE | $402,476 |
| U.S. GOVERNMENT ADVANCES | $3,111,592 |
| INTEREST RATE SWAP | $250,498 |
| ACCRUED POST RETIREMENT BENEFITS | $191,276 |
| CASH OVERDRAFT |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 5958834 | TotalOfAmounts |
| Total Revenue | 60297623 | TotalRevenue |
| Total Expenses | 63450499 | TotalExpenses |
| Excess Or Deficit For Year | -3152876 | ExcessOrDeficitForYear |
| Net Unrealized GL On Investments | 4534358 | NetUnrealizedGLOnInvestments |
| Total Adjustments | 4534358 | TotalAdjustments |
| Excess Or Deficit Per FS | 1381482 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 45848255 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | 4534358 | NetUnrealizedGainsInvestments |
| Other Revenues | 20476 | OtherRevenues |
| Revenue Not Rptd F990 | 4554834 | RevenueNotRptdF990 |
| Revenue Subtotal | 41293421 | RevenueSubtotal |
| Other Revenues Not Included | 19004202 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | 19004202 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 60297623 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 44466773 | TotExpensesEtcAuditedFinclStmt |
| Other Expenses Included | 20476 | OtherExpensesIncluded |
| Expenses Not Rptd F990 | 20476 | ExpensesNotRptdF990 |
| Expenses Subtotal | 44446297 | ExpensesSubtotal |
| Other Expenses Not Included | 19004202 | OtherExpensesNotIncluded |
| Expenses Not Rptd On Fin Stmt | 19004202 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 63450499 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (4 entries)
| IdentifierIdentifier | ExplanationExplanation |
|---|---|
| Pt XII Line 2d | RENTAL EXPENSES NETTED TO REVENUE IN TAX RETURN |
| Pt XII Line 4b | SCHOLARSHIP EXPENSES NETTED TO REVENUE IN AUDIT |
| Pt XIII Line 2d | RENTAL EXPENSES NETTED TO REVENUE IN TAX RETURN |
| Pt XIII Line 4b | SCHOLARSHIP EXPENSES NETTED TO REVENUE IN AUDIT |
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 |
| Pub Via Broadcast Media Expln | THE SAGE COLLEGES RACIALLY NONDISCRIMINATORY POLICY IS INCLUDED ON THE FIRST PAGE OF THE ANNUAL PUBLICATION OF THE COLLEGE'S CATALOG AND IS RUN ANNUALLY IN THE LOCAL NEWSPAPER. | PubViaBroadcastMediaExpln |
| 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 |
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 FOR STUDENTS | TypeOfGrant |
| Number Of Recipients | 1203 | NumberOfRecipients |
| Amount Of Cash Grant | 19004202 | AmountOfCashGrant |
| Method Of Valuation | Book | MethodOfValuation |
| Description Of Non Cash Assistance | INSTITUTIONAL AID | DescriptionOfNonCashAssistance |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Pt I Line 2 | Identifier |
| Explanation | EACH GRANT IS ASSIGNED A GRANTS ADMINISTRATOR WHO MONITORS ALL EXPENDITURES TO INSURE FUNDS ARE USED IN ACCORDANCE WITH GRANTOR POLICIES AND REGULATIONS. IN ADDITION, AN ACCOUNTANT IS ASSIGNED TO RECORD AND REPORT ALL GRANT REVENUES AND EXPENDITURES TO THE GRANT ADMINISTRATOR AND GRANTOR ON A REGULAR BASIS. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Housing Allowance Or Residence | X | HousingAllowanceOrResidence |
| Club Dues Or Fees | X | ClubDuesOrFees |
| Written Policy Re T And E Expenses | true | WrittenPolicyReTAndEExpenses |
| Substantiation Required | true | SubstantiationRequired |
| Severance Payment | false | SeverancePayment |
| Supplemental Nonqual Retire Plan | false | 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 (5 entries)
| Base Compensation Filing OrgBaseCompensationFilingOrg | Deferred Comp Filing OrgDeferredCompFilingOrg | Total Compensation Filing OrgTotalCompensationFilingOrg | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg |
|---|---|---|---|
| SUSAN SCRIMSHAW | |||
| 311148 | 16123 | 327271 | 353204 |
| DANIEL LUNDQUIST | |||
| 184622 | 15247 | 199869 | 182309 |
| PETER HUGHES | |||
| 109692 | 9282 | 118974 | |
| DEIDRE ZARRILLO | |||
| 118472 | 118472 | ||
| MELISSA KOMORA | |||
| 87373 | 6984 | 94357 | |
Schedule L IRS990ScheduleL
Form990 Schedule L Part IV Form990ScheduleLPartIV (3 entries)
| RelationshipRelationship | Description Of TransactionDescriptionOfTransaction | Sharing Of RevenuesSharingOfRevenues |
|---|---|---|
| BRIAN HUGHES | ||
| Brother to CFO | B Hughes is a VP at M&T | false |
| BRIAN HUGHES | ||
| Brother to CFO | Bank which has loans | false |
| BRIAN HUGHES | ||
| Brother to CFO | O/S from the college | false |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (14 entries)
| IdentifierIdentifier | ExplanationExplanation |
|---|---|
| Pt VI-B, Line 11A | THE DRAFT 990 IS PRESENTED TO THE BOARD FINANCE |
| Pt VI-B, Line 11A | COMMITTEE, AUDIT SUB COMMITTEE AND EXECUTIVE COMMITTEE |
| Pt VI-B, Line 11A | FOR APPROVAL. IT IS THEN PRESENTED TO THE FULL BOARD |
| Pt VI-B, Line 11A | FOR FINAL APPROVAL BEFORE BEING SUBMITTED TO THE IRS. |
| Pt VI-B, Line 12c | ANNUALLY, EACH MEMBER OF THE BOARD OF TRUSTEES AND |
| Pt VI-B, Line 12c | KEY EMPLOYEES ARE REQUIRED TO COMPLETE A CONFLICT OF |
| Pt VI-B, Line 12c | INTEREST DISCLOSURE FORM AND INDICATE IF THERE ARE ANY |
| Pt VI-B, Line 12c | POTENTIAL CONFLICTS OF INTEREST. THESE ARE REVIEWED |
| Pt VI-B, Line 12c | ANNUALLY BY THE BOARD OF TRUSTEES AND THROUGH OUR |
| Pt VI-B, Line 12c | EXTERNAL AUDIT PROCESS. |
| Pt VI-B, Line 15 | COMPENSATION FOR THE PRESIDENT IS REVIEWED AND |
| Pt VI-B, Line 15 | APPROVED BY THE BOARD EXECUTIVE COMMITTEE AND TRUSTEES. |
| Pt VI-B, Line 15 | COMPENSATION FOR CABINET MEMBERS ARE REVIEWED AND |
| Pt VI-B, Line 15 | APPROVED BY THE PRESIDENT. |