2026-05-11T16:29:12-05:00 2025-06-30 161131146 BONADIO & CO LLP 171 SULLYS TRAIL PITTSFORD NY 14534 990 2024-07-01 160743996 ELMIRA COLLEGE ELMI 6077351800 ONE PARK PLACE ELMIRA NY 14901 KYLE GILBERT VP OF FINANCE AND ADMINISTRATION 6077351800 2026-04-24 1 1 JOSEPH PEPLIN P01311564 5853811000 2026-05-01 2024 2025-03-06 01:10:19Z DR CHARLES LINDSAY ONE PARK PLACE ELMIRA NY 14901 51151020 0 X WWW.ELMIRA.EDU X 1942 NY ELMIRA COLLEGE IS A NOT-FOR-PROFIT HIGHER EDUCATIONAL INSTITUTE LOCATED IN ELMIRA, NY. THE COLLEGE OFFERS A WIDE ARRAY OF UNDERGRADUATE AS WELL AS GRADUATE PROGRAMS TO APPROXIMATELY 700 STUDENTS, RANGING FROM LOCAL RESIDENTS TO INTERNATIONAL CITIZENS. 22 21 560 45 101246 19384 4472745 4934812 30133027 37162585 662418 512272 1658088 4277317 36926278 46886986 12430308 16265327 0 0 16164979 15643195 0 0 1225158 15288608 16409587 43883895 48318109 -6957617 -1431123 102413322 101246435 13882159 12224786 88531163 89021649 X GROUNDED IN THE LIBERAL ARTS AND SCIENCES, ELMIRA COLLEGE PROVIDES A COLLABORATIVE AND SUPPORTIVE ENVIRONMENT THAT ENABLES STUDENTS TO BECOME ACTIVE LEARNERS, EFFECTIVE LEADERS, RESPONSIBLE COMMUNITY MEMBERS, AND GLOBALLY ENGAGED CITIZENS. PROUD OF ITS HISTORY AND TRADITION, THE COLLEGE IS COMMITTED TO THE IDEALS OF COMMUNITY SERVICE AND INTELLECTUAL AND PERSONAL GROWTH. 0 0 25658356 16265327 28222982 INSTRUCTION AND ACADEMIC SUPPORT- PROVIDE HIGHER EDUCATION, GROUNDED IN LIBERAL ARTS AND SCIENCES, TO APPROXIMATELY 700 UNDERGRADUATE AND GRADUATE STUDENTS THAT ENABLE THEM TO BECOME ACTIVE LEARNERS, EFFECTIVE LEADERS, RESPONSIBLE COMMUNITY MEMBERS, AND GLOBALLY ENGAGED CITIZENS. 10556369 12070382 STUDENT SERVICES SUPPORTED APPROXIMATELY 700 STUDENTS IN GROWTH AND DEVELOPMENT AND ENHANCING THEIR ACADEMIC EXPERIENCE. 36214725 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 0 1 0 1 0 1 0 1 0 0 0 0 0 1 1 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 110 0 1 560 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 22 21 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY X KYLE GILBERT 6077351800 ONE PARK PLACE ELMIRA NY 14901 CHARLES LINDSAY PRESIDENT 40.00 X X 250000 0 16799 GEORGE WINNER JR CHAIRMAN 1.00 X X 0 0 0 CLARE VAN DEN BLINK VICE CHAIR 1.00 X X 0 0 0 DORIS MALESARDI SECRETARY 1.00 X X 0 0 0 JOHN WALSH III TREASURER 1.00 X X 0 0 0 JOHN BRAND TRUSTEE 1.00 X 0 0 0 G THOMAS TRANTER JR TRUSTEE 1.00 X 0 0 0 CHARLES THORLEY TRUSTEE 1.00 X 0 0 0 MARTIN FENNELL TRUSTEE 1.00 X 0 0 0 JANET HINDSLEY TRUSTEE 1.00 X 0 0 0 LAURIE KELECHAVA TRUSTEE 1.00 X 0 0 0 SUSANNE GRENNELL TRUSTEE 1.00 X 0 0 0 WHITNEY POSILLICO TRUSTEE 1.00 X 0 0 0 KATHERINE METZGER TRUSTEE 1.00 X 0 0 0 ARRI BURROWS TRUSTEE 1.00 X 0 0 0 JEFFREY STREETER TRUSTEE 1.00 X 0 0 0 JAY WOLKOFF TRUSTEE 1.00 X 0 0 0 NANETT CALLIHAN TRUSTEE 1.00 X 0 0 0 MILA MEIER TRUSTEE 1.00 X 0 0 0 PATRICIA NORTON TRUSTEE 1.00 X 0 0 0 KIMBERLY CURTIS TRUSTEE 1.00 X 0 0 0 MILLICENT RUFFIN TRUSTEE 1.00 X 0 0 0 KYLE GILBERT VICE PRESIDENT OF FINANCE 40.00 X 135000 0 8423 DENNIS KELLY VP OF ENROLLMENT MANAGEMEN 40.00 X 170721 0 410 PATRICIA IRELAND PROVOST 40.00 X 155000 0 8471 PAULA LEE HOBSON VICE PRESIDENT OF ADVANCEMENT 40.00 X 160000 0 22730 THOMAS STEFFES DIRECTOR OF IT 40.00 X 115000 0 22242 MELISSA VOLINO DIRECTOR OF NURSE EDUCATIO 40.00 X 111050 0 267 ANGELA TUFILLARO DIRECTOR OF DEVELOPMENT 40.00 X 101500 0 244 1198271 0 79586 8 0 1 0 PARKHURST DINING 285 E WATERFRONT DRIVE STE 200 HOMESTEAD PA 15120 DINING 3913553 PERRY & CARROLL INC 100 W CHURCH ST 102 ELMIRA NY 14901 INSURANCE 793695 EAB GLOBAL INC 2445 M ST NW WASHINGTON DC WA 20037 EDUCATION 524693 TRANE US INC 1 CENTENNIAL AVENUE STE 101 PISCATAWAY NJ 08854 CONSTRUCTION 512576 FREY & CAMPBELL INC 87 LAKE STREET HAMMONDSPORT NY 14840 CONSTRUCTION 346277 8 545617 4389195 73640 4934812 TUITION AND FEES 611310 28222982 28222982 ROOM AND BOARD 721310 8669741 8669741 AUXILIARY ENTERPRISES 722320 269862 168616 101246 37162585 626932 626932 1045292 0 1045292 1045292 1045292 4149374 4264034 -114660 -114660 -114660 OTHER SOURCES 900099 3232025 3232025 3232025 46886986 40293364 101246 1557564 15167146 15167146 1098181 1098181 935410 348819 403861 182730 11242541 8009271 2748524 484746 137219 97756 33547 5916 2447576 1653305 688738 105533 880449 627239 215248 37962 71031 71031 119700 119700 24151 24151 2093702 1273450 709371 110881 182858 7496 166443 8919 910587 552885 345386 12316 364230 364230 805547 775304 10086 20157 19070 16399 1471 1200 183950 55172 128778 4251766 2224559 1843883 183324 847462 5316 842146 DINING SERVICES 3206632 3206632 ALL OTHER 3128731 1064195 1993062 71474 BOOKSTORE 144974 144974 OTHER AUXILIARY ENTERPR 55196 31600 23596 48318109 36214725 10878226 1225158 360998 4811912 2698858 1408729 569051 444096 284529 285947 229148 205104 193610961 124934628 71324398 68676333 26479463 24755523 466877 658791 102413322 101246435 1879140 1513846 279129 207601 4114418 3989418 3089251 2292533 4520221 4221388 13882159 12224786 X 60533564 62825448 27997599 26196201 88531163 89021649 102413322 101246435 X -1431123 1913162 8447 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 0 25816885 210193 2425436 4340767 24111747 28466382 697056 2378736 5725289 25816885 26492105 842577 2834897 1703197 28466382 32300051 283904 -3980173 2111676 26492105 31036852 687635 6557103 5981539 32300051 1.00000 0 0 6249000 6249000 122497250 70120623 52376627 33789390 30852525 2936865 31075321 23961480 7113841 68676333 FEDERAL FINANCIAL ASSISTANCE 548505 ASSET RETIREMENT OBLIGATIONS 2234739 OTHER INTEREST BEARING LIABILITIES 1168552 DEPOSITS HELD IN CUSTODY 68559 OPERATING LEASE LIABILITY 194523 FINANCE LEASE LIABILITY 6510 4221388 32543268 1913162 8447 1921609 30621659 16265327 16265327 46886986 32052782 0 32052782 16265327 16265327 48318109 PART III, LINE 1A: THE COLLECTIONS, WHICH WERE ACQUIRED THROUGH PURCHASES AND CONTRIBUTIONS SINCE THE COLLEGE'S INCEPTION, ARE NOT RECOGNIZED AS ASSETS ON THE STATEMENT OF FINANCIAL POSITION. PURCHASES OF OR PROCEEDS FROM THE SALE OF COLLECTION ITEMS ARE RECORDED AS CHANGES IN UNRESTRICTED NET ASSETS IN THE YEAR THE TRANSACTION OCCURS. DONATIONS OF ART OBJECTS AND LIBRARY MATERIALS ARE NOT RECORDED AS INCOME IN THE STATEMENT OF ACTIVITIES AND CHANGE IN NET ASSETS. PART V, LINE 4: ENDOWMENT FUNDS ARE LONG-TERM ASSETS OF THE COLLEGE CREATED THROUGH DONOR GIFTS OR BY ACTIONS OF THE BOARD OF TRUSTEES. THEIR PURPOSE IS TO GENERATE, EITHER IN PERPETUITY OR THROUGH SHORT-TERM INVESTMENT STRATEGIES, OPERATING REVENUE FOR SPECIFIC USE OR FOR THE GENERAL OPERATIONS OF THE COLLEGE. ENDOWMENT FUNDS ARE INVESTED UNDER THE DIRECTION OF THE BOARD OF TRUSTEES TO EARN A TOTAL RATE OF RETURN THAT EXCEEDS THE COLLEGE'S ANNUAL SPENDING RATE PLUS THE RATE OF INFLATION. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF ANNUITY 8,447. PART XI, LINE 4B - OTHER ADJUSTMENTS: INSTITUTIONAL SCHOLARSHIPS AND GRANTS 16,265,327. PART XII, LINE 4B - OTHER ADJUSTMENTS: INSTITUTIONAL SCHOLARSHIPS AND GRANTS 16,265,327. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 ELMIRA COLLEGE DRAWS A SUBSTANTIAL PERCENTAGE OF ITS STUDENTS FROM A LARGE GEOGRAPHIC SECTION OF THE UNITED STATES AND FOLLOWS A RACIAL NONDISCRIMINATORY POLICY. AS TO STUDENTS, A STATEMENT OF THE COLLEGE'S POLICY IS ALSO INCLUDED IN ALL BROCHURES, CATALOGS, AND ADVERTISING ASSOCIATED WITH STUDENT ADMISSIONS, PROGRAMS AND SCHOLARSHIPS. SCHEDULE E, PART I, LINE 6 THE INSTITUTION RECEIVES FINANCIAL ASSISTANCE FROM FEDERAL AND NEW YORK STATE AGENCIES. 0 SUB-SAHARAN AFRICA - ANGOLA, BENIN, BOTSWANA, BURKINA FASO, 0 0 GRANTMAKING AWARDED FINANCIAL AID 128414 MIDDLE EAST AND NORTH AFRICA - ALGERIA, BAHRAIN, DJIBOUTI, EGYPT, 0 0 GRANTMAKING AWARDED FINANCIAL AID 35300 CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 GRANTMAKING AWARDED FINANCIAL AID 86356 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 GRANTMAKING AWARDED FINANCIAL AID 235428 SOUTH AMERICA - ARGENTINA, BOLIVIA, BRAZIL, CHILE, COLUMBIA, ECUADOR, 0 0 GRANTMAKING AWARDED FINANCIAL AID 71400 NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES 0 0 GRANTMAKING AWARDED FINANCIAL AID 402833 SOUTH ASIA - AFGHANISTAN, BANGLADESH, BHUTAN, INDIA, MALDIVES, NEPAL, 0 0 GRANTMAKING AWARDED FINANCIAL AID 61850 EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 0 0 GRANTMAKING AWARDED FINANCIAL AID 59600 RUSSIA AND NEIGHBORING STATES 0 0 GRANTMAKING AWARDED FINANCIAL AID 17000 0 0 0 0 0 0 1081181 17000 1098181 FINANCIAL AID SUB-SAHARAN AFRICA - ANGOLA, BENIN, BOTSWANA, BURKINA FASO, 5 CREDIT ON THE STUDENT'S ACCOUNT 128414 FINANCIAL AID MIDDLE EAST AND NORTH AFRICA - ALGERIA, BAHRAIN, DJIBOUTI, EGYPT, 2 CREDIT ON THE STUDENT'S ACCOUNT 35300 FINANCIAL AID CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 3 CREDIT ON THE STUDENT'S ACCOUNT 86356 FINANCIAL AID EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIU 9 CREDIT ON THE STUDENT'S ACCOUNT 235428 FINANCIAL AID SOUTH AMERICA - ARGENTINA, BOLIVIA, BRAZIL, CHILE, COLUMBIA, ECUADOR, 3 CREDIT ON THE STUDENT'S ACCOUNT 71400 FINANCIAL AID NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES 16 CREDIT ON THE STUDENT'S ACCOUNT 402833 FINANCIAL AID SOUTH ASIA - AFGHANISTAN, BANGLADESH, BHUTAN, INDIA, MALDIVES, NEPAL, 3 CREDIT ON THE STUDENT'S ACCOUNT 61850 FINANCIAL AID EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 2 CREDIT ON THE STUDENT'S ACCOUNT 59600 FINANCIAL AID RUSSIA AND NEIGHBORING STATES 1 CREDIT ON THE STUDENT'S ACCOUNT 17000 0 0 0 0 0 0 PART I, LINE 2: WITHIN PFAIDS, THERE IS A FIELD WHICH IDENTIFIES STUDENTS WHO ARE REPORTED AS INTERNATIONAL AT TIME OF ADMISSION. A QUERY BASED ON THIS FIELD, ALLOWS US TO DETERMINE NOT ONLY THE STUDENT COUNT BUT INSTITUTIONAL DOLLARS AS WELL. 1 COLLEGE FUNDED SCHOLARSHIPS 707 15167146 PART I, LINE 2: RECORDS OF GRANTS PROVIDED TO STUDENTS ARE MAINTAINED BY THE FINANCIAL AID OFFICE, AND ARE PERIODICALLY RECONCILED WITH BUSINESS OFFICE RECORDS, INCLUDING THE STUDENT ACCOUNTS AND INSTITUTIONAL BUDGET. X X X 1 1 X X X X 0 0 0 0 0 0 0 0 0 CHARLES LINDSAY PRESIDENT 250000 0 0 0 0 0 0 0 16799 0 266799 0 0 0 PAULA LEE HOBSON VICE PRESIDENT OF ADVANCEMENT 160000 0 0 0 0 0 0 0 22730 0 182730 0 0 0 DENNIS KELLY VP OF ENROLLMENT MANAGEMEN 170721 0 0 0 0 0 0 0 410 0 171131 0 0 0 PATRICIA IRELAND PROVOST 155000 0 0 0 0 0 0 0 8471 0 163471 0 0 0 ROBERT MALESARDI REVOCABLE TRUST TRUST OF SPOUSE RELATED TO BOARD MEMBER DEBT REFINANCE X 2464418 2464418 0 1 1 ROBERT G MORRIS MEMBER OF BOARD OF TRUSTEES DEBT REFINANCE X 950000 700000 0 1 1 JOHN M WALSH III MEMBER OF BOARD OF TRUSTEES DEBT REFINANCE X 500000 500000 0 1 1 WILLIAM H WALDORF SUBSTANTIAL CONTRIBUTOR DEBT REFINANCE X 350000 325000 0 1 1 3989418 X 73640 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE COLLEGE'S EXTERNAL AUDITORS REVIEWED THE DRAFT FEDERAL FORM 990 WITH MEMBERS OF THE AUDIT COMMITTEE VIA CONFERENCE CALL. FOLLOWING THAT REVIEW, INFORMATIONAL COPIES WERE PROVIDED TO ALL BOARD MEMBERS PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C ON AN ANNUAL BASIS, (1) ALL MEMBERS OF THE BOARD OF TRUSTEES, (2) SENIOR OFFICERS, AND (3) ANY EMPLOYEES WHO SERVE IN A CAPACITY OF BEING ABLE TO ACQUIRE GOODS AND SERVICES, ARE REQUIRED TO COMPLETE AND SIGN A QUESTIONNAIRE WHICH REQUIRES DISCLOSURE OF ANY BUSINESS RELATIONSHIPS OR OTHER RELATIONSHIPS WHICH WOULD REPRESENT A CONFLICT OF INTEREST AS DEFINED IN THE COLLEGE'S CONFLICT OF INTEREST POLICY (A COPY OF WHICH ACCOMPANIES THE QUESTIONNAIRE), AND FURTHER REQUIRES DISCLOSURE OF ANY PAYMENT, GIFT, LOAN, OR THING OF VALUE FROM ANY SOURCE FROM WHICH THE COLLEGE BUYS GOODS OR SERVICES OR OTHERWISE HAS SIGNIFICANT BUSINESS DEALINGS. THESE RESPONSES ARE PROVIDED TO THE EXTERNAL AUDITORS AND TO THE AUDIT COMMITTEE, WHICH REPORTS ON THE RESULTS TO THE EXECUTIVE COMMITTEE AND THE BOARD OF TRUSTEES. IN ADDITION, EACH TRUSTEE IS REQUIRED TO DISCLOSE TO THE BOARD AT THE EARLIEST PRACTICAL TIME ANY POTENTIAL CONFLICT OF INTEREST IF NOT IN EXISTENCE AT THE TIME OF THE ANNUAL DISCLOSURE. FORM 990, PART VI, SECTION B, LINE 15 EVERY THREE YEARS, THE BOARD DOES A COMPREHENSIVE REVIEW OF COLLEGE PRESIDENT SALARIES NATIONWIDE, COMPARING THE COLLEGE PRESIDENT'S SALARY TO THAT OF OTHER PRESIDENTS AT COMPARABLY SIZED COLLEGES. FORM 990, PART VI, SECTION C, LINE 19 ANY INFORMATION THAT IS REQUIRED TO BE AVAILABLE FOR PUBLIC INSPECTION IS AVAILABLE IN THE TREASURER'S OFFICE. ALSO, APPROPRIATE FILINGS ARE MADE WITH STATE AGENCIES THAT, IN TURN, MAKE THE DATA AVAILABLE TO THE PUBLIC. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF ANNUITY 8,447.