2011-05-05T11:48:14-07:00 2010-06-30 990 2009-07-01 161532850 EXCELSIOR COLLEGE EXCE 5184648500 7 Columbia Circle Albany NY 122035159 John Pontius 5184648384 2011-05-05 2009 2016-02-24 21:20:13Z John Ebersole 7 Columbia Circle Albany NY 122035159 69947741 0 X www.excelsior.edu X 1998 NY A college accredited by the Commission on Higher Education of the Middle States Association of Colleges and Schools, focusing on adult learners through assessment and validation of student knowledge. 20 19 1292 0 0 0 652154 558492 60012917 61520834 260787 574409 28357 23733 60954215 62677468 469684 715877 0 0 40308762 42153760 0 1165317 17829502 18419175 58607948 61288812 2346267 1388656 40157542 43327755 14325455 15679061 25832087 27648694 Excelsior College provides educational opportunity to adult learners with an emphasis on those historically underrepresented in higher education. The College meets students where they are - academically and geographically, offering quality instruction and the assessment of prior learning. 0 0 19143089 85983 26527586 Undergrad and Graduate Tuition (credit and non-credit bearing) Higher Education. During this period, 79,635 undergraduate hours of course instruction, and 8,384 hours of graduate level course instruction were delivered. 15723042 629894 18828420 Nursing and Written Examinations (Adminstered Examinations). Higher Education. During this period, the College administered 45,026 written examinations which included 3,560 performance exmainations to students enrolled in its Nursing programs. 9490044 0 16164828 Higher Education. During this period, 13,093 new students enrolled in the College while there were 29,261 actively enrolled students as of 6/30/10. 6,057 students completed degree requirements between 7/1/09 and 6/30/10. 0 0 0 44356175 1 1 0 1 0 0 1 0 1 1 1 0 1 0 1 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 1 233 0 1 1292 1 0 0 0 0 0 1 1 0 0 0 20 19 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 0 1 1 1 1 0 CA X Michele Auricchio 5184648804 Excelsior College 7 Columbia Circle Albany NY 12203 Richard Yep 1.2 X 0 0 0 Polly Baca 1.2 X 0 0 0 Rita Cepeda 1.2 X 0 0 0 Joseph S Laposata 1.2 X 0 0 0 David Oliker 1.2 X 0 0 0 William G Harris 1.2 X 0 0 0 Alvin J Schexnider 1.2 X 0 0 0 John R Wetsch 1.2 X 0 0 0 Pamela Tate 1.2 X 0 0 0 Harry L Staley 1.2 X 0 0 0 Linda G Davila 1.2 X 0 0 0 Gloria R Gelmann 1.2 X 0 0 0 Harold L Hodgkinson 1.2 X 0 0 0 William T Moran 1.2 X 0 0 0 Sharon I Richie-Melvan 1.2 X 0 0 0 Joshua L Smith 1.2 X 0 0 0 Kathryn J Whitmire 1.2 X 0 0 0 Andre Vacroux 1.2 X 0 0 0 Mary O'Conner 1.2 X 0 0 0 John Amidon 1.2 X 0 0 0 John M Pontius 37.5 X 161160 0 15464 John Ebersole 37.5 X 336250 0 96422 Nancy Davidson 37.5 X 164783 0 15330 Mary Beth Hanner 37.5 X 168878 0 27485 Cathy Kushner 37.5 X 162509 0 26377 Joseph Porter 37.5 X 175044 0 15650 Bruce Smith 37.5 X 150213 0 28279 Wayne Brown 37.5 X 218467 0 18293 Dana Offerman 37.5 X 202502 0 30316 George Timmons 37.5 X 132093 0 13331 Timothy Maciel 37.5 X 122008 0 12192 Thomas Dalton 37.5 X 124811 0 25462 Bridget M Nettleton 37.5 X 150571 0 25195 Patrick Jones 37.5 X 157591 0 26317 William Stewart 37.5 X 107773 0 10821 Anita Burns 37.5 X 100378 0 21088 Murray Block 37.5 X 140190 0 0 2775221 0 408022 26 1 1 0 NCS Pearson Inc 13036 Collection Center Drive Chicago IL 60693 Examination Administrative Services 2021943 Milton S Eisenhower Library Johns Hopkins University Baltimore MD 21218 Library Services 1174722 Southern Performance Assessment Center 3032 Briarcliff Road NE Atlanta GA 30329 Nursing Examination Administrative Services 1073372 Fingerpaint Marketing Inc 18 Division Street Suite 414 Saratoga Springs NY 12866 Marketing Services 486721 Columbia Circle Associates LLC 5196 PAYSPHERE CIRCLE Chicago IL 60674 Real Estate Rental Services 379027 31 0 0 36445 0 155935 366112 2660 558492 Graduate, Undergraduate, & Non-credit Bearing Tuition 611310 26527586 26527586 0 0 Examination Fees 611310 18828420 18828420 0 0 Enrollment Fees 611310 16164828 16164828 0 0 0 0 0 0 61520834 482595 0 0 482595 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 7349670 0 7256351 1505 93319 -1505 91814 0 0 91814 4400 36445 12417 -8017 -8017 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Bad check charges 900099 7105 7105 0 0 Merchandise Sales 900099 14395 14395 0 0 Miscellaneous 900099 10250 10250 0 0 0 0 0 0 31750 62677468 61544567 0 574409 0 0 715877 715877 0 0 0 0 2063556 352207 1515693 195656 0 0 0 0 32131048 27102642 4425275 603131 2053633 1823780 201805 28048 3230109 2594739 583331 52039 2675414 2239778 380182 55454 59981 0 59981 0 127820 0 127820 0 103700 0 103700 0 304058 0 304058 0 0 0 122454 0 122454 0 6194986 4582368 1490168 122450 2197594 0 2191584 6010 2028929 848564 1107738 72627 1004525 14729 989796 0 329048 329048 0 0 889022 77926 811096 0 1745053 1395823 329639 19591 1543 0 1543 0 504677 180746 315258 8673 14008 0 14008 0 0 0 0 0 1562456 999972 562484 0 46508 1305 45203 0 Credit Card Fees 777552 777552 0 0 College Wide Bad Debt Expense 312052 312052 0 0 Miscellaneous 93209 7067 84504 1638 0 0 0 0 61288812 44356175 15767320 1165317 586033 703813 8868216 8981613 242282 422252 2554500 2794254 0 0 0 0 36589 229531 134977 139703 478000 872962 23195632 13208350 9779050 9987282 17352510 19084903 0 0 0 125385 111442 40157542 43327755 6560303 8544176 0 183669 5470206 5050251 2017658 1769621 0 0 0 0 277288 131344 0 0 0 0 14325455 15679061 X 24832482 26809777 581485 397222 418120 441695 25832087 27648694 40157542 43327755 X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 0 0 0 0 1 413731 0 1 92637 506368 0 SchC_P2B_S00_L01 Schedule C, Part II-B, Line 1 The majority of lobbying time/cost is spent in direct contact with various state legislators and other state government officials, in coordination with the College's registered lobbyist consultants, defending the College's Associate Degree Nursing program. The College lobbies to have state statutes and/or regulations changed or introduced to ensure that the College's Associate Degree Nursing graduates are eligible for Registered Nurse licensure in those states. A significant portion of lobbying cost/time is spent preparing materials to aid College Officials, in coordination with the College's registered lobbyist consultants, in educating government officials on the fact that Excelsior College graduates are as prepared for licensure as nursing graduates from more traditional programs. Time is also spent drafting proposed legislation that would ensure Excelsior College nursing graduates would receive licensure in various states. During fiscal year 2010 other lobbying work was done, through the College's contracted representatives, to request earmarked funds to create a veteran's education service center in New York State and to seek Title IV financial aid eligibility for the College's ADN Nursing students. 0 32300 0 0 X 0 419861 23575 48982 19490 19711 0 453217 402739 37250 -43015 17458 -40345 0 419861 0 0.97 0.03 0 0 0 706735 706735 0 7273435 2064854 5208581 0 195546 77044 118502 0 13718852 10736319 2982533 0 1301064 330133 970931 9987282 Interest Receivable 55178 Works of Art 32300 Debt Acquisition Cost, net 23964 111442 0 62677468 61288812 1388656 427951 0 0 0 0 427951 1816607 63114943 427951 0 0 0 427951 62686992 0 -9524 -9524 62677468 61298336 0 0 0 0 0 61298336 0 -9524 -9524 61288812 SchD_P03_S00_L04 Schedule D, Part III, Line 4 Consists of various paintings that have been donated to the college and have been recorded at their appraised fair market value at the time of donation. This collection aids in fostering a sense of community and appreciation of the arts for students, faculty, and support staff of the college. SchD_P05_S00_L01a Schedule D, Part V, Line 1a Note that prior year endowment figures, as well as beginning balance of the endowment, vary over prior year figures reported by the college. During fiscal year 2010, the college underwent a detailed review of its endowment to reflect the cost basis of the endowment Pooled per-share basis. This change was reflected on the College's audited financial statements for fiscal year 2010, and changes have been made to prior year amounts as reported on the IRS form 990 to agree to the College's audited financial statements. SchD_P05_S00_L01e Schedule D, Part V, Line 1e In accordance with the State of New York Uniform Management of Institutional Funds Act (UMIFA), the 19,711 listed as other expenditures represents the College's transfer of funds related to the appreciation of endowment assets from Permanently Restricted Net Assets to Unrestricted Net Assets. SchD_P05_S00_L04 Schedule D, Part V, Line 4 The intended use of the College's endowment is for scholarships which are given to students to defray the cost of degree completion SchD_P12_S00_L04b Schedule D, Part XII, Line 4b The -8017 listed as "Other" represents net fundraising activity as reported on Part VIII on form 990, which is reported as expense on the College's audited financial statements. Additionally, there is -1507 which represents the loss on disposal of fixed assets, reported by the college as an expense on its audited financial statements. SchD_P13_S00_L04b Schedule D, Part XIII, Line 4b The -8017 listed as "Other" represents net fundraising activity as reported on Part VIII on form 990, which is reported as expense on the College's audited financial statements. Additionally, there is -1507 which represents the loss on disposal of fixed assets, reported by the college as an expense on its audited financial statements. 1 1 0 The organization meets the criteria established in section 4 03-2 of revenue procedures 75-50. 1 1 1 1 0 0 0 0 0 0 0 0 1 0 The college receives government assistance in the form of; Federal Direct Loans, SEOG grants, NYS TAP grants, NYS APTS grants, training grants such as the HRSA traineeship, HRSA Nursing Student Loan program and the HRSA Nursing Faculty Loan Program. 1 East Asia and the Pacific 0 0 Speaking at Seminars or Conferences 10120 South Asia 0 0 Program Services Academic Research 7251 Europe (including Iceland and Greenland) 0 0 Speaking at Seminars or Conferences 5980 North America (including Canada and Mexico, but not the United States) 0 0 Speaking at Seminars or Conferences 5665 Europe (including Iceland and Greenland) Program Services Formalizing educational partnerships 4972 South America 0 0 Speaking at Seminars or Conferences 1574 0 0 35562 Capital Region Scholarship Event 40845 36445 4400 0 135 0 4622 4800 2860 0 0 40845 36445 4400 0 135 0 4622 4800 2860 12417 -8017 1 Scholarships 874 717830 0 n/a n/a SchI_P01_S00_L02 Schedule I, Part I, Line 2 The College provides individual scholarship assistance to enrolled students in order to defray the cost of the College's enrollment and examination fees. This assistance is provided through direct credit to the student's account with the college, ensuring funds are utilized for their intended purpose. Depending on the source of funds, there may be donor stipulations which students may need to adhere to in order to maintain eligibility of funds. In the event of such, ongoing monitoring is performed by the College's Financial Aid department. X X 1 1 X X X 0 0 0 0 0 0 0 0 0 John M Pontius 149362 0 11440 0 358 0 15253 0 470 0 176883 0 0 0 John Ebersole 295612 0 22500 0 18138 0 85158 0 17276 0 438684 0 0 0 Nancy Davidson 152887 0 11500 0 396 0 15330 0 396 0 180509 0 0 0 Mary Beth Hanner 156317 0 12165 0 396 0 16221 0 11660 0 196759 0 0 0 Cathy Kushner 150901 0 11350 0 258 0 15486 0 11149 0 189144 0 0 0 Joseph Porter 154693 0 11614 0 8737 0 15486 0 302 0 190832 0 0 0 Bruce Smith 137576 0 10000 0 2637 0 14425 0 13992 0 178630 0 0 0 Wayne Brown 176808 0 13500 0 28159 0 17737 0 647 0 236851 0 0 0 Dana Offerman 188204 0 14000 0 298 0 19108 0 11465 0 233075 0 0 0 Bridget M Nettleton 141013 0 9300 0 258 0 14353 0 11101 0 176025 0 0 0 Patrick Jones 150353 0 7100 0 138 0 15426 0 11029 0 184046 0 0 0 William Stewart 102317 0 5200 0 256 0 10399 0 680 0 118852 0 0 0 Anita Burns 95332 0 4961 0 85 0 9922 0 11256 0 121556 0 0 0 Murray Block 133514 0 6676 0 0 0 0 0 0 0 140190 0 0 0 SchJ_P01_S00_L01a Schedule J, Part I, Line 1a In calendar year 2009, the College paid gross up payments to the President of the College. These tax gross up payments were to reimburse the President for taxes incurred for his doctoral studies in the prior year, as in the prior year the College's payroll servicer had treated the doctoral studies expense as a reimbursable fringe rather than a taxable fringe. This benefit was treated as a one time payment in 2009 to the President, and was included as part of his taxable wages for that calendar year. Additionally, in 2009 the college paid social club dues on behalf of the President. These dues were intended for business use relating to College matters only, and as such, were not treated as taxable income to him. Any personal use of the club was reimbursed to the College by the President. Finally, several officers received health club benefits during Calendar Year 2009. The College reimburses a portion of health club dues of its employees as part of the College's wellness initiative policy. This benefit is available to all college employees, and is included in the taxable income of employees who use this benefit. Albany County Industrial Development Agency 141663410 2003-09-18 1300000 Purchase of 9 Columbia Circle 0 0 Albany County Industrial Development Agency 222587283 2003-05-16 2292130 Refinance issue used for 7 Columbia Circle 0 0 1300000 0 0 0 49901 0 1300000 2003 0 0 1 1 2292130 0 0 0 24404 0 2292130 2003 1 0 1 1 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 1 0 0 0 0 MVP Healthcare President of above referenced business, David Oliker, serves on the College's Board of Trustees 138204 Payments for adminstration of self-funded health insurance plan for employees of the College. 0 F990_P06_S0A_L03 Form 990, Part VI, Section A, Line 3 The college has contracted with an outside management services firm to temporarily aid with the vacant position of VP of Enrollment Services. The firm provides an interim solution until a permanent employee is found. F990_P06_S0B_L11 Form 990, Part VI, Section B, Line 11 The form 990 was prepared by the accounting services department at the College. The information within the return was obtained through input from several Officers of the College. Following internal preparation of the return, it was forwarded to the College's independent auditors to seek their input before forwarding to the Audit Committee of the Board of Trustees. The Audit committee was delegated the authority to review and approve the final version of the information return by the Board of Trustees. The Audit Committee reviewed the final return in depth via teleconference with the Officers of the College and the accounting staff. Management at the College guided the Audit Committee through the various schedules included in the filing noting the purpose of the schedule and identifying the origin and sources of the content contained within. All questions posed by the Committee were answered by the Management of the College as documented in the minutes to the meeting. The final return was made available for inspection and review to all Board Members before final filing with the IRS. F990_P06_S0B_L12c Form 990, Part VI, Section B, Line 12c The College has had a written conflict of interest policy since June, 1998. This policy, as amended in 2008, is distributed annually to all Officers, Trustees, and other key employees each October. In addition to the policy, all officers, trustees and key employees are required to complete an annual disclosure statement indicating conflicts of interest and any direct or indirect professional and/or business arrangements with vendors with whom the College has a professional or business arrangement. Annually, the Audit Committee of the Board meets with General Counsel and the Secretary to the Board to review all disclosures and to determine the existence and severity of any conflicts. If conflicts exist, the Chairman of the Board is made aware of the conflicts and disclosures and the Secretary of the Board takes action as directed by the Audit Committee. Should the conflict exist at the Board level, full disclosure is made to all Board members and the affected member is recused from any vote related to the conflict of interest. Conflicts at levels below the Board are disclosed to the CEO, the VP of ODHR, and Legal Counsel to determine the impact of the conflict on the employees' ability to function in the effected role and take steps to resolve the conflict. F990_P06_S0B_L14 Form 990, Part VI, Section B, Line 14 Financial records are retained in accordance with the College's standard record retention policy. In addition, grant awards, certain mortgage and contractual arrangement require additional retention timeframes. Other departments in the College such as the Registrar and Financial Aid offices retain student records as required under federal regulations and agencies guidelines. F990_P06_S0B_L15 Form 990, Part VI, Section B, Line 15 The Office of Human Resources establishes compensation within various grade levels at the College based on several factors such as the current and local job market and hiring rate in our area, the demographics of the region including the degree of difficulty and competition in acquiring the particular talent. Annual goal setting, progress goal reporting and written performance evaluations are performed. The achievements noted in these activities are additional factors in determining annual compensation. In addition, a compensation study was performed in 1999 which compared duties, responsibilities, and compensation for all job titles at the College. The study gathered data at the national level as well as industry specific data and job market information for our region of the country. Salaries within the organization were compared against this data. In 2005, a pay structure study was done and pay grade levels were added. Any changes to the salary grade or structure are presented to the Board of Trustees for approval. This approval is documented in the Board of Trustee meeting minutes. As of the time of this filing, another comprehensive compensation study is underway, with expected completion during May 2011. An employment contract with the College President, including a compensation arrangement that considered comparable institution salary data and campus demographics, was approved by the Board of Trustees in 2009. This contract is up for renewal, extension or termination every three years by the Board of Trustees. Additionally, the compensation of the President is reviewed annually by the Executive Committee of the Board of Trustees. The President has annual goals, is required to report on the progress toward the goals, and is subject to annual performance reviews conducted by the Executive Committee. Additionally, in 2010 a comprehensive salary study for the President was presented to the Board. All Board approvals are documented in the Board of Trustee meeting minutes. Any Board members with a conflict in the compensation arrangement are prohibited from voting on that compensation arrangement. F990_P06_S0B_L16b Form 990, Part VI, Section B, Line 16b The decision and performance measures used by the Board of Trustees, the President and the Executive Staff at the College align with the core mission of the College as a non-profit educational corporation. Business arrangements are reviewed by these parties before they are entered into to ensure the engagement supports the primary purpose of the tax exemption granted to the College. Revenues and net income generated from these arrangements are reinvested into the operations of the College as to further support ongoing educational activities. F990_P06_S0C_L19 Form 990, Part VI, Section C, Line 19 Abbreviated financial statements are issued annually in the annual report which is distributed to the student body, alumni, faculty and staff electronically. Hard copies of financial statements are available upon request. All other applicable documents are available upon request in hardcopy and electronic (.pdf) form.