2011-05-16T13:19:46-05:00 2010-06-30 UHY Advisors NY Inc 66 South Pearl Street Suite 400 Albany NY 12207 990 2009-07-01 150532239 ST LAWRENCE UNIVERSITY STLA 3152295563 23 ROMODA DR CANTON NY 136171423 KATHRYN MULLANEY 3152295563 2011-05-10 1 5184493166 2009 2016-02-24 21:20:13Z WILLIAM L FOX 23 ROMODA DR CANTON NY 136171423 196642029 0 X www.stlawu.edu X 1856 NY St. Lawrence University is a private college in upstate New York committed to excellence in the undergraduate liberal arts studies and graduate studies in education. 34 33 2629 1300 4539751 -143781 11566237 15677676 112542136 119596118 -41361031 13881984 1355624 1402219 84102966 150557997 38207749 41262043 0 60585008 62696485 0 4215839 46224787 44595216 145017544 148553744 -60914578 2004253 395703052 414022146 154242475 158885646 241460577 255136500 St. Lawrence University is a private college in upstate New York committed to excellence in the undergraduate liberal arts studies and graduate studies in education. 0 0 126721937 41262043 116458586 ST. LAWRENCE UNIVERSITY IS A FOUR-YEAR, RESIDENTIAL, PRIVATE, LIBERAL ARTS HIGHER EDUCATION INSTITUTION. THE TOTAL PROGRAM SERVICE EXPENSES ARE DIRECTED TO THE STUDENT BODY OF APPROXIMATELY 2,200 TO FURTHER ITS EDUCATIONAL PURPOSES. 126721937 1 1 0 0 1 0 1 0 1 1 1 0 1 1 1 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 1 1 1 0 0 1 0 0 0 0 1 3 0 1 2629 1 1 1 1 CJ SP FR UK KE IN 0 0 0 1 1 0 0 0 0 0 0 34 33 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X KATHRYN MULLANEY 3152295897 ST LAWRENCE UNIVERSITY CANTON NY 13617 DONALD K ROSE 2.00 X 0 0 0 MARY BIJUR 2.00 X 0 0 0 JEFFERY H BOYD 2.00 X 0 0 0 KAREN BRUETT 2.00 X 0 0 0 JAMES B BRUSH 2.00 X 0 0 0 JO ANN CAMPBELL 2.00 X 0 0 0 MICHAEL W CLARK 2.00 X 0 0 0 GEORGE N COCHRAN 2.00 X 0 0 0 ANDRE COUTURE 2.00 X 0 0 0 DEKKERS DAVIDSON 2.00 X 0 0 0 DENISE DURANT MD 2.00 X 0 0 0 JOHN DWIGHT 2.00 X 0 0 0 GREGORY CHARLES FERRERO 2.00 X 0 0 0 SHAREE M FREEMAN 2.00 X 0 0 0 CAROL HECKLINGER 2.00 X 0 0 0 PETER F HUNT 2.00 X 0 0 0 JAY W IRELAND 2.00 X 0 0 0 R SHELDON JOHNSON 2.00 X 0 0 0 CHARLES KIRK KELLOGG 2.00 X 0 0 0 DAVID B LAIRD JR 2.00 X 0 0 0 JANET K LANGLOIS 2.00 X 0 0 0 KATY B MACKAY 2.00 X 0 0 0 PATRICK D MARTIN 2.00 X 0 0 0 ALLAN NEWELL 2.00 X 0 0 0 KENNETH OKOTH 2.00 X 0 0 0 BARRY PHELPS 2.00 X 0 0 0 DERRICK PITTS 2.00 X 0 0 0 SARAH JOHNSON REDLICH 2.00 X 0 0 0 JOSEPH P RICHARDSON 2.00 X 0 0 0 THOMAS SADDLEMIRE 2.00 X 0 0 0 MARION ROACH SMITH 2.00 X 0 0 0 ELINOR ELLY TATUM 2.00 X 0 0 0 JOHN D RICHARDSON 2.00 X 0 0 0 WILLIAM FOX 40.00 X X 165664 0 40861 KATHRYN MULLANEY 40.00 X 254542 0 73446 MICHAEL ARCHIBALD 40.00 X 306883 0 121720 VALERIE LEHR 40.00 X 184480 0 24111 THOMAS COAKLEY 40.00 X 161539 0 25112 JOE TOLLIVER 40.00 X 155327 0 20878 TERRY COWDREY 40.00 X 179765 0 46913 DAVID HORNUNG 2.00 X 149119 0 19384 THOMAS PYNCHON 40.00 X 125166 0 80534 BAYLOR JOHNSON 2.00 X 130432 0 29691 ROBERT THACKER 40.00 X 118422 0 20804 PATRICIA ALDEN 40.00 X 126641 0 18075 DANIEL SULLIVAN 40.00 X 631824 0 21432 2689804 0 542961 26 1 1 0 CAMBRIDGE ASSOCIATES 100 SUMMER ST BOSTON MA 02110 INVESTMENT MANAGEMENT 336629 THE LAWLOR GROUP 6400 FLYING CLOUD DR EDEN PRAIRIE MN 55344 MARKETING 243262 GIBSON & SON INC 266 PIKE RD CANTON NY 13617 GARBAGE/RECYCLING 179310 BULLDOG PROPERTY SVC PO BOX 212 CANTON NY 13617 PAINTING 136187 BOND SCHOENECK & KING 1 LINCOLN CTR SYRACUSE NY 13202 LEGAL SERVICES 123750 5 2566597 13111079 5501342 15677676 TUITION AND FEES 611600 93225351 93225351 CAMPUS HOUSING 721000 11453000 11453000 FOOD SERVICE/REFRESHME 722210 10002000 10002000 HOTEL OPERATIONS 721110 3527834 346155 3181679 CONFERENCE FACILITIES 561499 369725 47718 322007 1018208 250933 767275 119596118 2914563 2914563 4853 4853 54385514 245084 43437867 230163 10947647 14921 10962568 10962568 3839107 2416002 1423105 1133429 289676 PASS-THROUGH ENTITIES 900099 -20886 -20886 -20886 150557997 116458586 4539751 13881984 41262043 41262043 2191093 534495 1345776 310822 43030502 34648448 6532397 1849657 3461983 2693464 603121 165398 10801153 8403427 1881697 516029 3211754 2498783 559528 153443 155401 15379 140022 192029 55861 134639 1529 986575 986575 3529799 3130587 394812 4400 295749 288307 7442 8844974 7585710 937794 321470 870470 435235 435235 5700716 4952187 741709 6820 1526968 1151584 152189 223195 121335 87472 27394 6469 4260183 4260183 9568013 7765168 1414844 388001 553934 215521 284491 53922 OTHER CONTRACT SVCS 3586594 2846564 662547 77483 FIELD TRIPS 1546358 1546285 73 R&B ALLOWANCE 1048185 1037759 10426 MISCELLANEOUS 559329 432946 126241 142 ENTERTAINMENT 343271 156836 75354 111081 905333 717693 161662 25978 148553744 126721937 17615968 4215839 360679 1205246 638557 4906427 19173413 18323823 1962322 3526825 3496575 3379183 2173922 2104463 4546489 3200493 285909210 127459204 154740199 158450006 80495534 100658736 123926913 114354166 4188449 3912778 395703052 414022146 10597254 11286060 3121564 3015459 107210000 104730000 1300000 1200000 32013657 38654127 154242475 158885646 X 115307454 127125036 22354182 20322660 103798941 107688804 241460577 255136500 395703052 414022146 X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 13920 30001 1 1 1100000 6297404 X X X X 0 188161000 4500358 26018069 4656803 8676049 986575 204360000 244832149 3036743 -43983129 7100685 8039369 584327 188161382 0.51000 0.49000 0 0 2661733 2661733 234414521 98208232 136206289 48832956 29250972 19581984 158450006 MUTUAL FUNDS & LIMITED PARTNERSHIPS 114354166 F 114354166 ANNUITIES AND DEFERRED GIVING OBLIGATIONS 4611251 FEDERAL PERKINS LOAN FUNDS 3051702 ACCRUED POST-RETIREMENT BENEFIT OBLIGATIONS 18152769 CAPITAL LEASE 2092623 CONDITIONAL ASSET RETIREMENT OBLIGATION 3883811 FAIR VALUE OF SWAP AGREEMENT 2142754 UNAMORTIZED PREMIUM/DISC. 4719217 38654127 150557997 148553744 2004253 11362488 309182 11671670 13675923 160933860 11362488 11362488 149571372 986625 986625 150557997 108755260 2450134 2450134 106305126 42248618 42248618 148553744 Part III, Line 4: APPROXIMATELY 7000 ART OBJECTS AND ARTIFACTS HELD AND EXHIBITED IN THE RICHARD F. BRUSH ART GALLERY AND PERMANENT COLLECTION AT THE UNIVERSITY. THE COLLECTION FEATURES SIGNIFICANT TWENTIETH-CENTURY AMERICAN AND EUROPEAN WORKS ON PAPER, INCLUDING PRINTS, PHOTOGRAPHS, DRAWINGS AND ARTISTS' BOOKS AND PORTFOLIOS, 19TH AND 20TH CENTURY AMERICAN AND EUROPEAN SCULPTURE, CERAMICS AND PAINTING, AS WELL AS AFRICAN OBJECTS. THE COLLECTIONS ARE PRIMARILY AN EDUCATIONAL RESOURCE TO TEACH AND INSPIRE THE STUDENTS, BUT ARE ALSO MADE AVAILABLE TO SCHOLARS, MUSEUMS, AND EDUCATIONAL INSTITUTIONS FOR PURPOSES OF EXHIBITION, RESEARCH, AND EDUCATION. Part V, Line 4: Description of Intended Use of Endowment Funds: ENDOWMENT FUNDS ARE INTENDED TO BE USED TO SUPPORT THE EDUCATIONAL AND RESEARCH MISSION AND ACTIVITIES OF THE UNIVERSITY. Part XI, Line 8 - Other Adjustments: LOSS ON REFUNDED BONDS: -932343. CONTRIBUTIONS FOR LT INVESTMENT: 3381084. DEFERRED GIVING: 1333014. OTHER: -157512. PENSION-RELATED CHANGES: -3315061. Part XIII, Line 2d - Other Adjustments: BOOKSTORE COST OF GOODS SOLD: 2450134. Part XIII, Line 4b - Other Adjustments: STUDENT FINANCIAL AID: 41262043. INVESTMENT MANAGEMENT FEES: 986575. SCHEDULE D (FORM 990), PART X, LINE 2 - FIN 48 FOOTNOTE: THE UNIVERSITY IS A NOT-FOR-PROFIT ORGANIZATION AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS EXEMPT FROM FEDERAL INCOME TAXES PURSUANT TO SECTION 501(A) OF THE CODE. LP (LAURENTIAN PROPERTIES) IS ORGANIZED AS A LIMITED LIABILITY COMPANY; THEREFORE ALL INCOME PASSES THROUGH TO THE UNIVERSITY AS SOLE MEMBER AND IS SUBJECT TO UNRELATED BUSINESS INCOME TAXES. IN ADDITION, INCOME FROM CERTAIN ACTIVITIES NOT DIRECTLY RELATED TO THE UNIVERSITY'S TAX-EXEMPT PURPOSE IS SUBJECT TO TAXATION AS UNRELATED BUSINESS INCOME. THE PRIMARY INCOME TAX POSITION TAKEN BY THE UNIVERSITY FOR ANY YEARS OPEN UNDER THE VARIOUS STATUTES OF LIMITATIONS IS THAT THE UNIVERSITY CONTINUES TO BE EXEMPT FROM INCOME TAXES EXCEPT FOR UNRELATED BUSINESS INCOME. THE UNIVERSITY BELIEVES THAT THERE ARE NO UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. NONE OF THE UNIVERSITY'S RETURNS ARE CURRENTLY UNDER EXAMINATION BY THE INTERNAL REVENUE SERVICE ("IRS") OR STATE AUTHORITIES. HOWEVER, THE UNIVERSITY'S FEDERAL EXEMPT ORGANIZATION BUSINESS INCOME TAX RETURNS (FORM 990T) FOR FISCAL YEARS 2007 AND LATER ARE SUBJECT TO EXAMINATION BY THE IRS, GENERALLY FOR THREE YEARS AFTER THEY WERE FILED. 1 1 0 THE STUDENT BODY IS DRAWN FROM ALL PARTS OF THE UNITED STATES AND MANY FOREIGN COUNTRIES. THE UNIVERSITY MEETS THE REQUIREMENTS OF REV. PROC. 75-50, SEC. 7.03-2(B). 1 1 1 1 0 0 0 0 0 0 0 0 1 0 ST. LAWRENCE UNIVERSITY RECEIVES FINANCIAL ASSISTANCE FROM THE STATE OF NEW YORK. IN THE YEAR ENDED JUNE 30, 2009 THE UNIVERSITY RECEIVED $141,694 FOR THE HIGHER EDUCATION OPPORTUNITY PROGRAM, $45,630 FOR THE C-STEP PROGRAM, AND $213,107 FOR THE BUNDY AID PROGRAM.THE UNIVERSITY ALSO RECEIVES FEDERAL AWARDS AND GRANTS, PRIMARILY FINANCIAL AID AWARDED TO ITS STUDENTS (E.G. TITLE IV CAMPUS BASED PROGRAMS). THE UNIVERSITY ALSO RECEIVED SOME SMALLER FEDERAL AWARDS FROM AGENCIES SUCH AS THE DEPARTMENT OF EDUCATION FOR THE MCNAIR PROGRAM AND THE NATIONAL SCIENCE FOUNDATION FOR RESEARCH GRANTS. 1 EUROPE 3 5 PROGRAM SERVICES EDUCATION ABROAD PROGRAMS 1972894 SUB-SAHARAN AFRICA 1 19 PROGRAM SERVICES EDUCATION ABROAD PROGRAMS 723885 4 24 2696779 1 FINANCIAL AID AND SCHOLARSHIPS 1700 41262043 0 Procedure for Monitoring Grants in the U.S.: Part I, Line 2: Schedule I, Part I, Line 2: NEED-BASED FINANCIAL AID COMPRISES THE LARGER PART OF THE GRANTS DESCRIBED IN PART III. THESE GRANTS ARE AWARDED FOR A MAXIMUM OF EIGHT SEMESTERS UPON ANNUAL REAPPLICATION, SUBJECT TO SATISFACTORY ACADEMIC AND SOCIAL STANDING. MERIT-BASED AID COMPRISES THE REMAINDER OF GRANTS AND ASSISTANCE AND REQUIRES MAINTENANCE OF A MINIMUM GRADE-POINT AVERAGE OF 3.0. X X X X 0 1 X X X X 0 0 0 0 0 0 0 0 0 WILLIAM FOX 153526 0 0 0 12138 0 40000 0 861 0 206525 0 0 0 KATHRYN MULLANEY 160780 0 0 0 93762 0 43362 0 30084 0 327988 0 25250 0 MICHAEL ARCHIBALD 189456 0 0 0 117427 0 47529 0 74191 0 428603 0 31562 0 VALERIE LEHR 183840 0 0 0 640 0 18407 0 5704 0 208591 0 0 0 THOMAS COAKLEY 159544 0 0 0 1995 0 16630 0 8482 0 186651 0 0 0 JOE TOLLIVER 153707 0 0 0 1620 0 15289 0 5589 0 176205 0 0 0 TERRY COWDREY 178625 0 0 0 1140 0 38366 0 8547 0 226678 0 0 0 DAVID HORNUNG 139619 0 0 0 9500 0 13891 0 5493 0 168503 0 0 0 THOMAS PYNCHON 123666 0 0 0 1500 0 31482 0 49052 0 205700 0 0 0 BAYLOR JOHNSON 129892 0 0 0 540 0 13045 0 16646 0 160123 0 0 0 DANIEL SULLIVAN 168235 0 0 0 463589 0 17042 0 4390 0 653256 0 109180 0 Part I, Line 1a FIRST CLASS TRAVEL IS ALLOWED TO THE PRESIDENT WHEN TRAVELLING ON OFFICIAL UNIVERSITY BUSINESS. IN ADDITION THE UNIVERSITY PAYS HEALTH/SOCIAL CLUB DUES FOR THE PRESIDENT AND ALSO PROVIDES SOME PERSONAL SERVICES (E.G. MAID SERVICE, REVIEW OF PERSONAL INCOME TAX RETURNS) TO THE PRESIDENT. THE PRESIDENT AND THE VICE-PRESIDENT/DEAN OF STUDENT LIFE ARE PROVIDED TAX-FREE ON-CAMPUS ACCOMMODATION FOR THE CONVENIENCE OF THE UNIVERSITY AND AS A CONDITION OF THEIR EMPLOYMENT. THE VALUE OF THIS BENEFIT IS REFLECTED IN THE FIGURES REPORTED ON THE FORM 990, PART VII AND SCHEDULE J. Part I, Line 1b BENEFITS NOTED IN PART I, LINE 1A ARE A LONG-STANDING PRACTICE OF THE UNIVERSITY NOT FORMALIZED IN ANY WRITTEN POLICY. ALL EXPENSES ARE REVIEWED AND APPROVED BY THE VICE PRESIDENT OF FINANCE. NYS Dorm Authority Bonds 2008 Series 146000293 649903x55 2008-07-01 47950000 CAMPUS RENOVATIONS and advance refund 1998 bonds 0 0 St Lawrence County IDA Civil Fac Bonds 2005 series 160991283 791097GH7 2005-12-01 20850000 NEW SCIENCE CENTER 0 0 47950000 3720980 36864899 596867 7476381 2011 0 1 0 1 20850000 843311 20006689 2008 0 0 1 1 0 0 0 0 0 0.00000 0.01500 0.01500 1 0 0 0 0 0 0.00000 0.00000 0.00000 1 0 0 0 0 0 0 0 0 0 0 0 1 COAKLEY ACE HARDWARE COAKLEY ACE HARDWARE IS 15% OWNED BY VP ADMIN THOMAS COAKLEY. 17893 TOTAL PURCHASES BY THE UNIVERSITY FROM COAKLEY ACE HARDWARE IN THIS REPORTING PERIOD WERE $17,893. ALL PRICES AND TERMS WERE ESTABLISHED AT AN ARMS-LENGTH BASIS. 0 492611 0 1045000 0 KATRIN LAIRD MS. LAIRD IS THE DAUGHTER OF TRUSTEE DAVID B. LAIRD, JR. 62000 MS. LAIRD IS EMPLOYED BY THE UNIVERSITY AS AN ASSOCIATE DIRECTOR OF MAJOR GIFTS AT AN ANNUAL SALARY OF $62,000. 0 X 2 1100000 appraisal X 102 4309969 DAY'S AVERAGE QUOTE X photo equipment 1 1270 opinion of expert 1 0 1 1 Third Party Use: Part I, Line 32b: The university sometimes has an art gallery or auction house sell art works that have been received as gifts. Proceeds are used to maintain the University's permanent collectionS. Form 990, Part VI, Section A, line 2 1. TRUSTEE JAY IRELAND WORKS FOR GENERAL ELECTRIC WHICH IS A CLIENT OF CHILTON INVESTMENTS, EMPLOYER OF TRUSTEE MIKE CLARK. 2. TRUSTEE JANET LANGLOIS IS THE SISTER-IN-LAW OF TRUSTEE JOE RICHARDSON. 3. HUSBAND OF KATHRYN MULLANEY, VP FOR FINANCE, WAS PAID FOR HOME-IMPROVEMENT WORK BY DAN SULLIVAN, RETIRING PRESIDENT. Form 990, Part VI, Section B, line 11 THE DRAFT FORM 990 IS MADE AVAILABLE TO ALL MEMBERS OF THE BOARD OF TRUSTEES FOR THEIR REVIEW AND COMMENTS AND IS REVIEWED AND APPROVED BY THE AUDIT COMMITTEE BEFORE FILING. Form 990, Part VI, Section B, line 12c TRUSTEES, OFFICERS AND EMPLOYEES ARE REQUIRED TO REPORT COMPLIANCE WITH THE CONFLICT-OF-INTEREST POLICY UPON ELECTION OR APPOINTMENT AND ON AN ANNUAL BASIS THEREAFTER. INDIVIDUALS ARE REQUIRED TO RECUSE THEMSELVES FROM DELIBERATIVE AND DECISION-MAKING PROCESSES ON MATTERS WHERE ANY CONFLICT OF INTEREST MAY EXIST. Form 990, Part VI, Section B, line 15 THE UNIVERSITY BENCHMARKS ITS FINANCIAL DATA AGAINST A GROUP OF 25 PRIVATE LIBERAL ARTS COLLEGES. THIS INCLUDES A COMPARATIVE REVIEW OF SALARIES AND BENEFITS. THE REMUNERATION OF THE PRESIDENT AND VICE-PRESIDENTS IS DETERMINED ANNUALLY BY THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES IN CONJUNCTION WITH A REVIEW OF COMPARATIVE DATA. PERSONS WITH ANY CONFLICT OF INTEREST ARE EXCLUDED FROM THESE PROCEEDINGS WHICH ARE CONTEMPORANEOUSLY DOCUMENTED. Form 990, Part VI, Section C, line 19 THE UNIVERSITY'S BY-LAWS, FINANCIAL STATEMENTS, AND CONFLICT OF INTEREST POLICY ARE AVAILABLE ON THE UNIVERSITY'S WEBSITE. FORM 990, PART XI, LINE 2C: AUDIT COMMITTEE PROCEDURES WITH RESPECT TO THE OVERSIGHT OF THE ANNUAL AUDIT OF THE FINANCIAL STATEMENTS AND SELECTION OF THE INDEPENDENT ACCOUNTANT HAVE NOT CHANGED FROM PRIOR YEAR. LAURENTIAN PROPERTIES LLC 23 ROMODA DR CANTON NY 136171423 200803478 HOTEL & RESTAURANT NY 3527834 3607886