2026-05-04T08:18:30-05:00 2025-06-30 161131146 BONADIO & CO LLP 432 NORTH FRANKLIN STREET SYRACUSE NY 13204 990 2024-07-01 150532276 WELLS COLLEGE WELL 3153643317 170 MAIN STREET AURORA NY 130269747 ROBERT CREE VICE PRESIDENT AND CFO 3153643317 2026-05-01 1 0 TIMOTHY HAMMOND P01224809 3154227109 2026-05-01 2024 2025-03-06 01:10:19Z SUSAN HENKING 170 MAIN STREET AURORA NY 130269747 4098938 0 X HTTPS://WWW.WELLS.EDU/ X 1868 NY EDUCATE STUDENTS TO THINK CRITICALLY, REASON WISELY, AND ACT HUMANELY AS THEY CULTIVATE MEANINGFUL LIVES. THROUGH WELLS' ACADEMIC PROGRAM, RESIDENTIAL ATMOSPHERE, AND COMMUNITY ACTIVITIES, STUDENTS LEARN AND PRACTICE THE IDEALS OF THE LIBERAL ARTS. THE WELLS EXPERIENCE PREPARES STUDENTS TO APPRECIATE COMPLEXITY AND DIFFERENCE, TO EMBRACE NEW WAYS OF KNOWING, TO BE CREATIVE, AND TO RESPOND ETHICALLY TO THE INTERDEPENDENT WORLDS TO WHICH THEY BELONG. COMMITTED TO EXCELLENCE IN ALL AREAS OF ITS REACH, WELLS COLLEGE EQUIPS STUDENTS FOR LIFELONG LEARNING AND FOR SHARING THE PRIVILEGES OF EDUCATION WITH OTHERS. 17 16 401 20 0 0 6157512 751497 18629907 7716 4800398 2198777 532467 184897 30120284 3142887 7871635 0 0 0 13380882 2446689 0 0 77678 16721857 6049647 37974374 8496336 -7854090 -5353449 59051187 55555637 4577054 4511569 54474133 51044068 X TO EDUCATE STUDENTS TO THINK CRITICALLY, REASON WISELY, AND ACT HUMANELY AS THEY CULTIVATE MEANINGFUL LIVES. 0 1 3941510 121567 HIGHER EDUCATION - INSTRUCTIONAL COSTS INCLUDING SALARY AND BENEFITS FOR FACULTY AND EXPENSES ASSOCIATED WITH MAINTAINING EDUCATIONAL DEPARTMENTS. ALL PROGRAM EXPENSES ARE INCURRED TO FURTHER THE EDUCATION OF FORMER STUDENTS. 3941510 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 0 0 0 0 0 0 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 0 1 125 0 1 401 1 0 1 IT 0 0 0 0 0 0 0 0 0 0 X 17 16 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X ROBERT CREE 3153643317 170 MAIN STREET AURORA NY 130269747 MARIE CHAPMAN CARROLL CHAIR 5.00 X X 0 0 0 KATHRYN L FONG TRUSTEE 5.00 X 0 0 0 DEBORAH L CALLAHAN TRUSTEE 1.00 X 0 0 0 VICKI KELLER PANHUISE SECRETARY 5.00 X X 0 0 0 STEPHEN L ZABRISKIE TRUSTEE 1.00 X 0 0 0 NICOLA A WILLIAMS TRUSTEE 1.00 X 0 0 0 KRIS SELANDER GORDON TRUSTEE 5.00 X 0 0 0 MICHAEL J BURGESS TRUSTEE 1.00 X 0 0 0 JANICE W ALBANO TRUSTEE 5.00 X 0 0 0 TALYSE L HAMPTON TRUSTEE 1.00 X 0 0 0 SUSAN HENKING PRESIDENT 35.00 X X 266460 0 1468 SABRINA BURNS TRUSTEE 1.00 X 0 0 0 JOHN CALLAHAN TRUSTEE 1.00 X 0 0 0 LISA MAZZOLA CANIA VICE CHAIR 5.00 X X 0 0 0 JOANNE KELLEY TRUSTEE 1.00 X 0 0 0 MOLLY MOEN TRUSTEE 1.00 X 0 0 0 GAIL M PESYNA TRUSTEE 1.00 X 0 0 0 ROBERT CREE VICE PRESIDENT AND CFO 35.00 X 206542 0 3682 PAMELA SHERIDAN VP FOR ADVANCEMENT 35.00 X 88705 0 1718 JONATHAN GIBRALTER FORMER PRESIDENT 0.00 X 206488 0 14101 768195 0 20969 3 1 1 0 BOND SCHOENECK & KING PLLC PO BOX 11607 SYRACUSE NY 13218 LEGAL SERVICES 542226 1 151713 599784 61961 751497 TUITION & FEES 611600 6878 6878 AUXILIARY ENTERPRISES 611710 838 838 7716 665787 665787 19102 0 19102 19102 19102 1097071 1400914 764995 200000 332076 1200914 1532990 1532990 43000 -8944 51944 51944 OTHER REVENUE 611600 113851 113851 113851 3142887 121567 0 2269823 X 508682 288968 194466 25248 1681368 1040112 594806 46450 35533 20655 13703 1175 93498 55880 37011 607 127608 74103 49201 4304 572778 572778 2500 2500 1327860 850576 477284 -5304 -5304 205951 -567 206624 -106 848122 -6768 854890 447552 336911 110641 2616 2481 135 6823 6823 1700287 1232457 467830 388118 388118 EXPENSED EQUIPMENT 251995 2513 249482 CREDIT LOSSES 232295 232295 REPAIRS & MAINTANENCE 47740 45815 1925 MISCELLANEOUS 17019 383 16636 3295 3295 8496336 3941510 4477148 77678 2839199 893397 214964 20891 999454 924132 257186 48059 77052 73189184 49710538 25625817 23478646 21225114 22796595 6741128 6590920 -92692 1163965 802997 59051187 55555637 3283735 3592441 28189 1891 99791 71062 1165339 846175 4577054 4511569 X 14227620 11520038 40246513 39524030 54474133 51044068 59051187 55555637 X -5353449 1937583 -67083 -2429 55313 X 0 0 0 X 6477953 12497853 9462730 6157512 751497 35347545 14400307 16327317 18530536 18913694 121567 68293421 20878260 28825170 27993266 25071206 873064 103640966 438882 609303 737511 376853 5000 2167549 0 438882 609303 737511 376853 5000 2167549 101473417 731085 843152 853730 1046808 684889 4159664 731085 843152 853730 1046808 684889 4159664 21609345 29668322 28846996 26118014 1557953 107800630 0.94130 0.94740 0.03860 0.03310 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 28482027 -5683 2862724 1115286 30223782 28706339 431427 2809528 3465267 28482027 28778328 255760 1567251 1895000 28706339 33185965 626337 -3223974 1810000 28778328 27521760 583414 6827791 1747000 33185965 0.06462 0.93537 0 0 354312 354312 62485691 41046771 21438920 7071733 6619274 452459 3277448 2044493 1232955 23478646 AEW CORE PROPERTY TRUST (U.S.), INC. 3363004 F DRIEHAUS EMERGING MARKETS FUND, LP 2039604 F HARBOURVEST PARTNERS XII FUND 574533 F NB SECONDARY OPPORTUNITIES FUND V 613779 F 6590920 CHARITABLE GIFT ANNUITIES 138989 CONDITIONAL ASSET RETIREMENT OBLIGATION 707186 846175 PART V, LINE 4: THE COLLEGE'S PRIMARY INVESTMENT OBJECTIVE FOR THE ENDOWMENT ASSETS IS TO PROVIDE SUPPORT FOR THE COLLEGE'S MISSION OVER THE LONG TERM. X X 1 1 X X X 0 0 0 0 0 0 0 0 0 SUSAN HENKING PRESIDENT 244850 0 0 0 21610 0 1198 0 270 0 267928 0 0 0 JONATHAN GIBRALTER FORMER PRESIDENT 178823 0 0 0 27665 0 13831 0 270 0 220589 0 0 0 ROBERT CREE VICE PRESIDENT AND CFO 188726 0 0 0 17816 0 3442 0 240 0 210224 0 0 0 PART VII AND SCHEDULE J PART II AMOUNTS REPORTED IN PART VII AND SCHEDULE J PART II REPRESENT COMPENSATION PAID DURING THE PERIOD JANUARY 1, 2024 THROUGH DECEMBER 31, 2024. THE AVERAGE HOURS PER WEEK REPORTED IN PART VII REPRESENT HOURS DEVOTED TO THE COLLEGE DURING THE PERIOD JULY 1, 2024 THROUGH JUNE 30, 2025. SCHEDULE J PART II COLUMN (B)(III) AMOUNTS REPORTED IN SCHEDULE J PART II COLUMN (B)(III) REPRESENT THE VALUE OF HOUSING PROVIDED BY EMPLOYER AND VACATION LEAVE CASHED OUT DURING THE PERIOD JANUARY 1, 2024 THROUGH DECEMBER 31, 2024. X 1 61961 SELLING PRICE OF PROPERT 0 1 1 PART I, COLUMN (B): THE NUMBER REPORTED IN COLUMN B IS THE NUMBER OF CONTRIBUTIONS. PART I, LINE 32B: THE COLLEGE DIRECTS DONORS TO SEND ALL GIFTS OF STOCK DIRECTLY TO THE COLLEGE'S INVESTMENT BROKER. THE BROKER IS INSTRUCTED TO SELL ANY STOCK GIFTS RECEIVED AS QUICKLY AS POSSIBLE UPON RECEIPT. THE BROKER MUST DISCLOSE THE NAME OF THE STOCK, THE NUMBER OF SHARES, AND THE SELLING SHARE PRICE TO THE COLLEGE'S CHIEF FINANCIAL OFFICER AND OBTAIN APPROVAL PRIOR TO EXECUTING ANY SALE. THE BROKER'S COMMISSION IS TAKEN DIRECTLY FROM THE SALE PROCEEDS PRIOR TO REMITTING THE PROCEEDS TO THE COLLEGE. FORM 990, PART III, LINE 3 THE COLLEGE CEASED CONDUCTING EDUCATIONAL SERVICES DURING THE YEAR. FORM 990, PART VI, SECTION B, LINE 11B THE COLLEGE PROVIDES A DRAFT OF THE FORM 990 TO THE AUDIT COMMITTEE FOR REVIEW AND APPROVAL PRIOR TO FILING. THE FORM 990 IS ALSO POSTED ON THE TRUSTEES' PORTAL PRIOR TO FILING FOR REVIEW BY ALL TRUSTEES. FORM 990, PART VI, SECTION B, LINE 12C EACH YEAR TRUSTEES ARE REQUIRED TO SIGN A CONFLICT OF INTEREST STATEMENT. STATEMENTS ARE REVIEWED ANNUALLY BY THE AUDIT COMMITTEE, AND THE CHAIR AND SECRETARY OF THE BOARD OF TRUSTEES, WHO MONITOR AND ASSURE COMPLIANCE WITH INSTITUTIONAL POLICIES AND PRACTICES AS APPROPRIATE. FORM 990, PART VI, SECTION B, LINE 15A THE STARTING SALARY AND BENEFITS PACKAGE FOR THE PRESIDENT IS DETERMINED BY THE EXECUTIVE COMMITTEE AND IS PRESENTED TO THE BOARD OF TRUSTEES FOR APPROVAL. ON AN ANNUAL BASIS, THE EXECUTIVE COMMITTEE REVIEWS AND APPROVES PERFORMANCE GOALS AND OBJECTIVES WITH RESPECT TO COMPENSATION. IF, BASED ON THE EVALUATION AND BENCHMARK DATA COMPILED, A CONTRACT CHANGE IS RECOMMENDED, IT IS VOTED ON BY THE BOARD. FORM 990, PART VI, SECTION C, LINE 19 GRANTED UPON WRITTEN REQUEST OF AN INDIVIDUAL. ALL FORMS ARE AVAILABLE AT THE COLLEGE'S ADMINISTRATIVE OFFICES DURING NORMAL BUSINESS HOURS. A REPRESENTATIVE FROM THE COLLEGE WILL BE PRESENT AT ALL TIMES DURING THE REVIEW. UPON REQUEST, COPIES OF THE FORMS WILL BE PROVIDED. FORM 990, PART IX, LINE 11G CONTRACTED SERVICES: PROGRAM SERVICE EXPENSES 850,576. MANAGEMENT AND GENERAL EXPENSES 477,284. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,327,860. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 46,709. CHANGE IN VALUE OF FUNDS HELD BY OTHERS 8,604.