2011-05-11T12:46:19-05:00 2010-06-30 JH COHN LLP 4 BECKER FARM ROAD ROSELAND NJ 070681739 990 2009-07-01 221500483 CALDWELL COLLEGE CALD 9736183230 120 BLOOMFIELD AVENUE CALDWELL NJ 070066195 JACK RAINEY 9736183230 2011-05-11 1 Thomas Lanning 9732283500 2009 2016-02-24 21:20:13Z X JACK RAINEY 9 RYERSON AVENUE CALDWELL NJ 07006 50338114 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 25 813 15 111640 41039 1762165 1997150 36415430 36731835 48653 493476 3734629 4480153 41960877 43702614 10541114 10664488 0 18416545 18001734 0 714489 14658866 13882128 43616525 42548350 -1655648 1154264 42217451 42931549 28839082 28465471 13378369 14466078 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 29380806 41149532 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. 29380806 1 1 0 0 0 0 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 44 0 813 1 1 1 0 0 0 0 1 1 0 27 25 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 GREGORY J CARAFELLO 1.00 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 0 0 0 JOSEPH R BOCK 1.00 X 0 0 0 KATHLEEN BARABAS 1.00 X 0 0 0 LINDA LUCIANO 1.00 X 0 0 0 MARILYN BASTARDI 1.00 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 PATRICK OSINSKI 1.00 X 0 0 0 RHONDA GRABER 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 THOMAS J CONNAUGHTON 1.00 X 0 0 0 ALEXANDER GIAQUINTO 1.00 X 0 0 0 HELEN WESTERVELT 1.00 X 0 0 0 JOHN T RAINEY 35.00 X 159469 0 25712 JOSEPH POSILLICO 35.00 X 128271 0 31875 NANCY H BLATTNER 35.00 X 96338 0 28303 PAUL DOUILLARD 35.00 X 144038 0 24825 SR ELAINE KEENAN OP 35.00 X 0 0 0 SR PATRICIA COSTELLO 1.00 X 0 0 0 BERNARD O'ROURKE 35.00 X 108534 0 3965 COLETTE LINDROTH 35.00 X 103508 0 11570 EDWARD J SCHONS 35.00 X 105178 0 17486 MARIE MULLANEY 35.00 X 110334 0 7454 STEPHEN MARET 35.00 X 139982 0 15100 1095652 0 166290 8 0 1 0 SODEXHO INC & AFFILIATES PO BOX 81049 WOBURN MA 018131049 FOOD SERVICE & FACILITIES CONTRACT 1273687 FOLLETT HIGHER EDUCATION 9 RYERSON AVENUE CALDWELL NJ 07006 CAMPUS STORE MAINTENANCE 703635 Graphic Imagery Inc 122 MOUNT BETHEL ROAD SUITE 2 WARREN NJ 07059 Printing 576464 APG Security Services 116 North Broadway South Amboy NJ 08879 Security Services 327928 1800PRINTMECOM 122 MOUNT BETHEL ROAD SUITE 2 WARREN NJ 07059 PRINTING SERVICES 290155 5 151134 1209312 636704 10179 1997150 TUITION & FEES 611710 36731835 36731835 36731835 73148 73148 254428 254428 254428 142788 111640 6982803 6562475 420328 420328 420328 23841 151134 73025 -49184 -49184 ROOM & BOARD 611710 3927315 3927315 CAMPUS STORE 611710 146919 146919 JWEB REVENUE 611710 114076 114076 86599 86599 4274909 43702614 41149532 111640 444292 10664488 10664488 759724 508644 233704 17376 13825451 10533594 2932018 359839 615545 615545 1606972 1606972 1194042 1194042 93596 93596 61252 61252 80425 80425 20110 20110 68286 68286 991937 13608 832123 146206 976900 578746 362858 35296 705479 705479 2921772 2337418 525919 58435 353070 98529 245308 9233 1755346 751628 1003718 1788085 1106350 667375 14360 206782 206782 UTILITIES 1166907 933526 210043 23338 OTHER 1106266 559887 499108 47271 FOOD 1017322 1017322 equipment leasing 564848 277066 284647 3135 REPAIRS 3745 3745 42548350 29380806 12453055 714489 14896 902040 870711 757632 670600 705873 431482 752602 56100709 22472788 35123645 33627921 3323276 3651288 1782841 2534193 42217451 42931549 2904591 3640180 1018104 926014 21790252 21597628 3126135 2301649 28839082 28465471 X 8776147 9903955 1252329 1103937 3349893 3458186 13378369 14466078 42217451 42931549 X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1724910 3250 308884 73018 1964026 1984918 29264 -222977 66295 1724910 0 0 1151370 1151370 43616375 15857505 27758870 4709071 1475443 3233628 6623893 5139840 1484053 33627921 DEFERRED FINANCING COSTS 388077 DEPOSITS HELD BY TRUSTEE 700247 BENEFICIAL INTEREST IN PERPETUAL TRUST 1445869 2534193 MARKET VALUE OF SWAP 2301649 2301649 43702614 42548350 1154264 -76785 10230 -66555 1087709 33034366 -76785 73025 -3760 33038126 10664488 10664488 43702614 31946657 73025 73025 31873632 10674718 10674718 42548350 SCHOLARSHIP ALLOWANCES OF $10,664,488 ARE INCLUDED AS A REDUCTION OF REVENUE FOR FINANCIAL STATEMENT PURPOSES BUT INCLUDED AS AN EXPENSE ITEM FOR THE TAX RETURN. THEREFORE, THIS AMOUNT IS INCLUDED AS A RECONCILING ITEM IN BOTH PART XII, LINE 4B AND PART XIII, LINE 4B. PART XII, LINE 2D AND PART XIII LINE 2D INCLUDES $73,025 OF FUNDRAISING EXPENSES THAT ARE INCLUDED AS A REDUCTION OF INCOME ON FORM 990 BUT INCLUDED AS EXPENSES FOR FINANCIAL STATEMENT PURPOSES. 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, 2010 and 2009. The College's U.S. Federal and state tax filings prior to fiscal 2007 are closed and management continually evaluates expiring statutes of limitations, audits, proposed settlements, changes in tax law and new authoritative rulings. 1 1 1 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. 1 1 1 1 0 0 0 0 0 0 0 0 1 0 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. 1 golf outing 70425 58059 12366 37280 presidential gala 104550 93075 11475 35745 1 174975 151134 23841 73025 73025 -49184 1 TUITION ASSISTANCE-SEE FOOTNOTE 10664488 X 1 1 X X 0 0 0 0 0 0 0 0 0 JOHN T RAINEY 158888 0 0 0 581 0 1082 0 24630 0 185181 0 0 0 JOSEPH POSILLICO 128166 0 0 0 105 0 1164 0 30711 0 160146 0 0 0 PAUL DOUILLARD 143536 0 0 0 502 0 1164 0 23661 0 168863 0 0 0 STEPHEN MARET 139935 0 0 0 47 0 1164 0 13936 0 155082 0 0 0 wachovia NJEFA 2006 series F Revenue Bonds 2006-07-01 21400000 financing for campus buildings 0 0 DORMITORY SAFETY TRUST FUND SERIES 2003A 2003-10-09 209045 FINANCING 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 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. 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 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 E 40000 CONGREGATION OF THE SACRED HEART OF JESUS OF THE THIRD ORDER OF ST DOMINIC J 407000 cONGREGATION OF THE SACRED HEART OF JESUS OF THE THIRD ORDER OF ST DOMINIC N 97975