2024-04-11T14:54:42-05:00 2023-05-31 135565207 KPMG LLP 515 BROADWAY 4TH FLOOR ALBANY NY 12207 990 2022-06-01 141338498 SIENA COLLEGE SIEN 5187832300 ROUTE 9 LOUDONVILLE NY 12211 MARY STRUNK VP FOR FINANCE & ADMIN 5787832300 2024-04-10 1 MARY STRUNK 999009999 1 GENEVA FURLANO P01877392 5184274600 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z MARY STRUNK ROUTE 9 LOUDONVILLE NY 12211 218063717 0 X WWW.SIENA.EDU X 1937 NY SEE SCHEDULE O 30 29 2078 66 89986 61253 17763462 15320722 180948823 187617170 10445964 6834516 147277 307291 209305526 210079699 87322033 86842070 0 0 69769471 72907887 0 0 6589481 40797952 43872724 197889456 203622681 11416070 6457018 358979613 354592504 58613730 54645272 300365883 299947232 X SEE SCHEDULE O 0 0 180570653 86842070 187617170 SEE SCHEDULE O 180570653 1 1 0 1 0 0 0 1 0 1 1 1 0 0 1 1 1 0 1 0 1 0 1 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 0 0 1 367 0 1 2078 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 30 29 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY X MARY STRUNK 5787832300 SIENA COLLEGE LOUDONVILLE NY 12211 CHRISTOPHER P GIBSON PRESIDENT 60.00 0.00 X X 418800 0 30500 THOMAS L AMELL TRUSTEE 1.00 0.00 X 0 0 0 THOMAS J BALDWIN JR TRUSTEE 10.00 0.00 X 0 0 0 RONALD E BJORKLUND TRUSTEE 2.00 0.00 X 0 0 0 DAVID BROWN TRUSTEE 2.00 0.00 X 0 0 0 THOMAS J BURKE TRUSTEE 2.00 0.00 X 0 0 0 SUSAN LAW DAKE TRUSTEE 1.00 0.00 X 0 0 0 VIRGINIA DARROW TRUSTEE 2.00 0.00 X 0 0 0 JOHN FINNERAN JR TRUSTEE 1.00 0.00 X 0 0 0 FR JAMES G GANNON OFM TRUSTEE 2.00 0.00 X 0 0 0 PAUL L GIOIA TRUSTEE 3.00 0.00 X 0 0 0 JASON GOTTLIEB TRUSTEE 15.00 0.00 X 0 0 0 JOHN R HELD TRUSTEE 5.00 0.00 X 0 0 0 STEVEN L LAMY TRUSTEE 5.00 0.00 X 0 0 0 BR WALTER J M LISS OFM TRUSTEE 1.00 0.00 X 0 0 0 FR ERICK LOPEZ OFM TRUSTEE 1.00 0.00 X 0 0 0 JAN TRAYNOR MACDONNELL TRUSTEE 1.00 0.00 X 0 0 0 JOANNE E MALOY TRUSTEE 3.00 0.00 X 0 0 0 TEHRESA M MASSENA TRUSTEE 1.00 0.00 X 0 0 0 MALLORY MASSRY TRUSTEE 3.00 0.00 X 0 0 0 BURGANDY-LEIGH MCCURTY TRUSTEE 2.00 0.00 X 0 0 0 WILLIAM P MCGOLDRICK TRUSTEE 4.00 0.00 X 0 0 0 LISA J MOSER TRUSTEE 2.00 0.00 X 0 0 0 REV KEVIN J MULLEN OFM TRUSTEE 1.00 0.00 X 0 0 0 PATRICIA A NASHELSKY TRUSTEE 10.00 0.00 X 0 0 0 JOHN NIGRO TRUSTEE 2.00 0.00 X 0 0 0 NIPA NOBEL TRUSTEE 5.00 0.00 X 0 0 0 DAN RUTNIK TRUSTEE 5.00 0.00 X 0 0 0 LEWIS STEVERSON TRUSTEE 10.00 0.00 X 0 0 0 BR BASIL J VALENTE OFM TRUSTEE 2.00 0.00 X 0 0 0 MARGARET MADDEN PROVOST SENIOR VICE PRESIDENT 55.00 0.00 X 281967 0 31912 DAVID SMITH VICE PRESIDENT 50.00 0.00 X 222057 0 41656 JOHN D'ARGENIO VP & ATHLETIC DIRECTOR 40.00 0.00 X 180131 0 49604 EDWARD JONES VICE PRESIDENT 50.00 0.00 X 187243 0 49604 MARY STRUNK VP FOR FINANCE & ADMIN 50.00 0.00 X 157338 0 36691 JASON RICH VP & CHIEF OF STAFF 50.00 0.00 X 183033 0 18279 MARYELLEN GILROY VICE PRESIDENT 50.00 0.00 X 175808 0 18548 PAUL STEC VICE PRESIDENT (UNTIL 6/22) 50.00 0.00 X 121279 0 27113 FR MARK REAMER VICE PRESIDENT FOR MISSION 50.00 0.00 X 0 0 0 CARMEN MACIARIELLO HEAD COACH MEN'S BASKETBALL 40.00 0.00 X 356209 0 64158 JAMES JABIR HEAD COACH WOMEN'S BASKETBALL 40.00 0.00 X 227613 0 53984 CHARLES SEIFERT DEAN OF BUSINESS, PROFESSOR 50.00 0.00 X 229098 0 46347 KATHERINE SILVESTER INTERIM DEAN OF BUISNESS/PROFESSOR 40.00 0.00 X 177983 0 22533 ERIK EDDY PROFESSOR 40.00 0.00 X 178088 0 22981 3096647 0 513910 98 0 1 0 AVI FOODSYSTEMS INC 2590 ELM ROAD NE WARREN OH 44483 FOOD SERVICES 10112344 CREATIVE COMMUNICATIONS ASSOCIATES 2 THIRD STREET SUITE 250 TROY NY 12180 HIGHER EDUCATION MARKETING 973741 TWO OCEANS EDUCATION PARTNERS 1806 SUMMIT AVE SUITE 200 RICHMOND VA 23230 HIGHER EDUCATION MARKETING 540000 ST PETER'S HOSPITAL 315 S MANNING BLVD ALBANY NY 12208 HEALTH SERVICES MANAGEMENT 480732 RECONMR-RECONNAISSANCE MARKET RESEARCH 135 S GUADALUPE ST SAN MARCOS TX 78666 SURVEY/DATA COLLECTION 449869 13 252417 1470355 13597950 433933 15320722 TUITION & FEES 611310 136318650 136318650 ROOM & BOARD 611310 40877213 40877213 OTHER PROGRAM REVENUE 611310 6058370 6058370 LABORATORY FEES 611310 1895122 1895122 OTHER STUDENT FEES 611310 1460255 1460255 1007560 1007560 187617170 4770105 75948 4694157 427457 427457 56245 162563 -106318 -106318 -106318 9789812 7725401 2064411 2064411 2064411 68168 252417 96054 -27886 -27886 SAINT CENTER REVENUE 711310 14038 14038 14038 210079699 187617170 89986 7051821 20415 20415 82255559 82255559 4566096 4566096 2162666 988263 707971 466432 51612159 42491090 6677556 2443513 4132564 3341363 567573 223628 11163045 9025821 1533152 604072 3837453 3102753 527042 207658 503961 67081 436880 200281 200281 320815 320815 460898 460898 5883181 3815749 556883 1510549 282283 51931 24383 205969 249857 249857 2594599 2510805 83794 2886455 2768279 59671 58505 726589 688242 38347 8142857 7713108 429749 1364961 180184 1184777 FOOD 9105455 9105455 SUPPLIES 4963697 4176733 697034 89930 REPAIR AND MAINTENANCE 2376014 1703710 671871 433 MISCELLANEOUS 1399082 627246 198995 572841 2411739 1370770 835018 205951 203622681 180570653 16462547 6589481 29612247 17130545 45005 9127989 14951984 20025801 2813388 2936099 673090 434406 3025668 1916563 260315343 140165808 120814177 120149535 47084970 44081431 137319544 136041136 2639540 2748999 358979613 354592504 14181861 12346050 4093262 5245803 27243841 24291900 13094766 12761519 58613730 54645272 X 153008479 150216880 147357404 149730352 300365883 299947232 358979613 354592504 X 6457018 -7414360 538691 X 0 1 X 1 1 1 X 9804017 9108818 17417374 17763462 15320722 69414393 9804017 9108818 17417374 17763462 15320722 69414393 798356 68616037 3964255 4103194 3321704 3946732 5253807 20589692 37727 128 53389 91244 120305 31500 81032 68168 301005 90396334 0.75910 0.76550 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 0 0 0 0 0 0 0 0 0 PART II-B, LINE 1: THE COLLEGE, THE COLLEGE PRESIDENT (CHRISTOPHER P. GIBSON), THE COLLEGE VP & DIRECTOR OF ATHLETICS (JOHN M. D'ARGENIO), AND THE COLLEGE DIRECTOR OF PUBLIC & GOVERNMENT AFFAIRS (LISA WITKOWSKI) ARE REGISTERED LOBBYISTS IN NEW YORK STATE. SIENA COLLEGE IS REGISTERED AS A LOBBYIST IN NEW YORK STATE IN THE UNLIKELY EVENT OF INCIDENTAL CONTACT WITH ELECTED OR OTHER GOVERNMENT OFFICIALS. SIENA COLLEGE USES EMPLOYEES OF THE COLLEGE FOR FEDERAL, STATE AND LOCAL LOBBYING TO ADVOCATE FOR EDUCATIONAL FUNDING AND RELATED LEGISLATION. NO RELATED EXPENSES WERE INCURRED DURING THE TAX YEAR. 254223 X X X TEACHING 0 0 0 175379020 2917689 -1295417 3348684 2337656 171314952 177934440 2213728 -564305 3041404 1163439 175379020 139605938 2274202 39424069 2902955 466814 177934440 137220433 2546132 8342010 2625463 5877174 139605938 135261551 3955997 5226449 2676280 4547284 137220433 0.27650 0.72340 0.00010 0 0 1659703 1659703 192967676 93663828 99303848 45040741 35181784 9858957 20647223 11320196 9327027 120149535 8228118 F US EQUITIES 54065095 F GLOBAL EQUITIES 19038041 F VENTURE CAPITAL 43865968 F MULTI-STRATEGY 5904818 F OTHER 4939096 F 136041136 ANNUITIES PAYABLE 1031079 POSTRETIREMENT BENEFITS 7435479 FEDERAL STUDENT LOAN FUNDS 706838 ASSET RETIREMENT OBLIGATION 3588123 12761519 X 203462647 -7414360 538691 -6875669 210338316 -258617 -258617 210079699 203881298 258617 258617 203622681 0 203622681 PART III, LINE 4: DESCRIPTION OF ART COLLECTION SIENA'S FINE ART COLLECTIONS ENCOMPASS A BROAD RANGE OF PERIODS AND STYLES, WITH FINE PAINTINGS, WORKS ON PAPER, SCULPTURE, AND ARTIFACTS. ORIGINAL WORKS FROM HISTORIC AND CONTEMPORARY ARTISTS ARE DISPLAYED THROUGHOUT THE CAMPUS. AMONG THESE ARE SEVERAL PIECES FROM THE HUDSON RIVER SCHOOL, QUALITY 19TH CENTURY COPIES OF RENAISSANCE RELIGIOUS PAINTINGS, AND A DIVERSE BODY OF WORK RECENTLY ACQUIRED FROM LOCAL CONTEMPORARY ARTISTS. PART V, LINE 4: DESCRIPTION OF ENDOWMENT FUNDS ENDOWED FUNDS ARE INTENDED PRIMARILY TO PROVIDE FOR SCHOLARSHIPS FOR STUDENT STUDY. OTHER ENDOWED FUNDS ARE MAINTAINED FOR SUPPORT IN ACADEMIC PROGRAMS, BUILDINGS, AND ATHLETICS. PART X, LINE 2: THE COLLEGE HAS BEEN GRANTED TAX-EXEMPT STATUS AS A NONPROFIT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS GENERALLY EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER SECTION 501(A) OF THE CODE AND APPLICABLE STATE LAWS. THE COLLEGE BELIEVES IT HAS TAKEN NO SIGNIFICANT UNCERTAIN TAX POSITIONS. PART XI, LINE 2D - OTHER ADJUSTMENTS: BENEFIT CHANGES 441,863. PROVISION FOR UNCOLLECTABLE PLEDGES 96,828. PART XI, LINE 4B - OTHER ADJUSTMENTS: RENTAL EXPENSE -162,563. FUNDRAISING EXPENSE -96,054. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSE 162,563. FUNDRAISING EXPENSE 96,054. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 SIENA COLLEGE ADMITS STUDENTS OF ANY RACE, COLOR, NATIONAL AND ETHNIC ORIGIN TO ALL THE RIGHTS, PRIVILEGES, PROGRAMS, AND ACTIVITIES GENERALLY ACCORDED OR MADE AVAILABLE TO STUDENTS AT THE SCHOOL. IT DOES NOT DISCRIMINATE ON THE BASIS OF RACE, COLOR, NATIONAL AND ETHNIC ORIGIN IN ADMINISTRATION OF ITS EDUCATIONAL POLICIES, ADMISSIONS POLICIES, SCHOLARSHIP AND LOAN PROGRAMS, AND ATHLETIC AND OTHER SCHOOL-ADMINISTERED PROGRAMS. THE COLLEGE PUBLICIZES ITS RACIALLY NON-DISCRIMINATORY POLICY ON ITS WEBSITE AND IN THE STUDENT HANDBOOK, WHICH IS DISTRIBUTED TO ALL STUDENTS. THE COLLEGE'S POLICY IS MADE AVAILABLE YEAR-ROUND ON ITS WEBSITE HOMEPAGE. SEE: WWW.SIENA.EDU SCHEDULE E, PART I, LINE 6 THE COLLEGE RECEIVES GRANTS FROM VARIOUS FEDERAL AND STATE AGENCIES. 1 CENTRAL AMERICA AND THE CARIBBEAN PROGRAM SERVICES SCHOLARSHIPS 124041 EAST ASIA AND THE PACIFIC PROGRAM SERVICES SCHOLARSHIPS 158273 EUROPE (INCLUDING ICELAND & GREENLAND) PROGRAM SERVICES SCHOLARSHIPS 2171994 MIDDLE EAST AND NORTH AFRICA PROGRAM SERVICES SCHOLARSHIPS 225285 NORTH AMERICA PROGRAM SERVICES SCHOLARSHIPS 373609 RUSSIA & NEIGHBORING STATES PROGRAM SERVICES SCHOLARSHIPS 13400 SOUTH AMERICA PROGRAM SERVICES SCHOLARSHIPS 605620 SOUTH ASIA PROGRAM SERVICES SCHOLARSHIPS 301490 SUB-SAHARAN AFRICA PROGRAM SERVICES SCHOLARSHIPS 592384 EUROPE (INCLUDING ICELAND & GREENLAND) PROGRAM SERVICES STUDY ABROAD PROGRAM 883887 CENTRAL AMERICA AND THE CARIBBEAN PROGRAM SERVICES CONFERENCES/ED SEMINARS 8816 EAST ASIA AND THE PACIFIC PROGRAM SERVICES CONFERENCES/ED SEMINARS 133 EUROPE (INCLUDING ICELAND & GREENLAND) PROGRAM SERVICES CONFERENCES/ED SEMINARS 82177 MIDDLE EAST AND NORTH AFRICA PROGRAM SERVICES CONFERENCES/ED SEMINARS 17160 NORTH AMERICA PROGRAM SERVICES CONFERENCES/ED SEMINARS 11474 SOUTH AMERICA PROGRAM SERVICES CONFERENCES/ED SEMINARS 6058 SUB-SAHARAN AFRICA PROGRAM SERVICES CONFERENCES/ED SEMINARS 7339 EUROPE (INCLUDING ICELAND & GREENLAND) INVESTMENTS 9409257 CENTRAL AMERICA AND THE CARIBBEAN INVESTMENTS 18868791 0 0 0 0 0 0 3973712 29887476 33861188 GRANTS FOR EDUCATION CENTRAL AMERICA AND THE CARIBBEAN 5 124041 TUITION CREDIT GRANTS FOR EDUCATION EAST ASIA AND THE PACIFIC 10 158273 TUITION CREDIT GRANTS FOR EDUCATION EUROPE 63 2171994 TUITION CREDIT GRANTS FOR EDUCATION MIDDLE EAST AND NORTH AFRICA 10 225285 TUITION CREDIT GRANTS FOR EDUCATION NORTH AMERICA 13 373609 TUITION CREDIT GRANTS FOR EDUCATION RUSSIA AND NEIGHBORING STATES 1 13400 TUITION CREDIT GRANTS FOR EDUCATION SOUTH AMERICA 25 605620 TUITION CREDIT GRANTS FOR EDUCATION SOUTH ASIA 14 301490 TUITION CREDIT GRANTS FOR EDUCATION SUB-SAHARAN AFRICA 18 592384 TUITION CREDIT 1 0 1 1 1 1 PART I, LINE 2: THE COLLEGE PROVIDES PAYMENT OF THE GRANTS TO THE STUDENT AS A CREDIT TO THE STUDENTS' RECEIVABLE ACCOUNT; THE GRANTS ARE NOT DIRECTLY PAID TO THE STUDENTS. FOR THE GRANT TO BE AVAILABLE TO THE STUDENT, THE COLLEGE MONITORS THE STUDENT'S ENROLLMENT, BASED ON THE FOREIGN SCHOOLS RECORDS, AND THE STUDENT MUST BE ENROLLED AND ACTIVE FOR THE TIME PERIOD THE GRANT IS OFFERED. IF THE STUDENT LEAVES THE PROGRAM EARLY, THE GRANT IS NOT REFUNDED TO THE STUDENT AND THE STUDENT'S ACCOUNT IS RATABLY ADJUSTED TO REFLECT THE INCOMPLETE PERIOD. PART III ACCOUNTING METHOD: GOLF SHOOT OUT 57114 36393 20721 2850 26867 909 FALL FUNDRAISER 26475 17650 8825 9815 8 236996 198374 38622 4007 35849 10423 5334 320585 252417 68168 6857 62716 20238 6243 96054 -27886 1 SCHOLARSHIPS FOR STUDENTS 3246 82255559 PART I, LINE 2: THE COLLEGE PROVIDES PAYMENT OF THE GRANTS, TO THE STUDENT AS A CREDIT TO THE STUDENTS' RECEIVABLE ACCOUNTS; THE GRANTS ARE NOT DIRECTLY PAID TO THE STUDENTS. FOR THE GRANT TO BE AVAILABLE TO THE STUDENT, THE COLLEGE MONITORS THE STUDENT'S ENROLLMENT AND THE STUDENT MUST BE ENROLLED AND ACTIVE FOR THE TIME PERIOD THE GRANT IS OFFERED. IF THE STUDENT LEAVES THE PROGRAM EARLY, THE GRANT IS NOT REFUNDED TO THE STUDENT AND THE STUDENT'S ACCOUNT IS RATABLY ADJUSTED TO REFLECT THE INCOMPLETE PERIOD. X X 1 1 X X X 0 0 0 0 0 0 0 0 0 CHRISTOPHER P GIBSON PRESIDENT 408510 0 0 0 10290 0 30500 0 0 0 449300 0 0 0 CARMEN MACIARIELLO HEAD COACH MEN'S BASKETBALL 324409 0 22500 0 9300 0 30500 0 33658 0 420367 0 0 0 MARGARET MADDEN PROVOST SENIOR VICE PRESIDENT 277670 0 0 0 4297 0 28085 0 3827 0 313879 0 0 0 JAMES JABIR HEAD COACH WOMEN'S BASKETBALL 217227 0 0 0 10386 0 20325 0 33658 0 281596 0 0 0 CHARLES SEIFERT DEAN OF BUSINESS, PROFESSOR 227493 0 0 0 1605 0 20409 0 25938 0 275445 0 0 0 DAVID SMITH VICE PRESIDENT 210089 0 0 0 11968 0 21520 0 20136 0 263713 0 0 0 EDWARD JONES VICE PRESIDENT 186490 0 0 0 753 0 19624 0 29980 0 236847 0 0 0 JOHN D'ARGENIO VP & ATHLETIC DIRECTOR 179078 0 0 0 1053 0 18226 0 12563 0 210920 0 0 0 JASON RICH VP & CHIEF OF STAFF 182794 0 0 0 239 0 18279 0 0 0 201312 0 0 0 ERIK EDDY PROFESSOR 177891 0 0 0 197 0 12138 0 10843 0 201069 0 0 0 KATHERINE SILVESTER INTERIM DEAN OF BUISNESS/PROFESSOR 176439 0 0 0 1544 0 17215 0 5317 0 200515 0 0 0 MARYELLEN GILROY VICE PRESIDENT 174818 0 0 0 990 0 17482 0 1066 0 194356 0 0 0 MARY STRUNK VP FOR FINANCE & ADMIN 156475 0 0 0 863 0 16194 0 20496 0 194028 0 0 0 PART I, LINE 1A CERTAIN OFFICERS MAY UTILIZE FIRST CLASS TRAVEL WHEN COACH ACCOMMODATIONS ARE UNAVAILABLE OR IN THE CASE OF EXTENUATING CIRCUMSTANCES SUCH AS DEMANDING FLIGHT SCHEDULES, EXTENDED FLIGHT TIMES OR BY GIVING PRIOR WRITTEN AUTHORIZATION FOR FIRST CLASS OR BUSINESS TRAVEL. THE TRAVELER PROVIDED THE COLLEGE WITH APPROPRIATE SUBSTANTIATION FOR THE EXPENSE INCURRED. COUNTRY CLUB DUES WERE PROVIDED TO THE DEAN OF BUSINESS, THE DIRECTOR OF THE SIENA COLLEGE RESEARCH INSTITUTE, AND THE VP OF DEVELOPMENT AND EXTERNAL AFFAIRS TO INCREASE THE COLLEGE'S PRESENCE IN THE COMMUNITY AND AMONG BUSINESS LEADERS. ANY PERSONAL USE OF THE COUNTRY CLUB DUES ARE INCLUDED IN THE LISTED PERSON'S FORM W-2. A DORMITORY OF THE STATE OF NEW YORK SERIES 2017 146000293 000000000 2017-03-31 38395000 RENOVATION & CONSTRUCTION 0 0 0 A 13630000 38395000 365080 2075000 35954920 2018 1 1 1 1 A 0 0 1 1 0 0 0 1 A 0 0 0 1 0 0 0 0 1 A 1 PART III, LINE 3A ALL MANAGEMENT AND SERVICE CONTRACTS IN BOND FINANCED SPACE QUALIFY UNDER A PRIVATE BUSINESS USE SAFE HARBOR OR EXCEPTION OR ARE INCIDENTAL IN NATURE. THEREFORE, NO CONTRACTS RESULT IN PRIVATE BUSINESS USE. PART IV, LINE 2C THE REBATE CALCULATION FOR THE DASNY SERIES 2017 WAS PERFORMED ON MAY 31, 2018. X 7031 FMV X 27 423177 AVERAGE PRICE X BEEHIVES AND BEEKEEPING SUPPLIES 1 2875 FMV X YOGA MATS 1 500 FMV X FILM CAMERAS AND FILM EQUIP 1 350 FMV 0 1 1 PART I, LINE 32B: SECURITIES RECEIVED AS CONTRIBUTIONS ARE LIQUIDATED THROUGH A BROKER UPON RECEIPT. FORM 990, PART I, LINE 1 AND PART III, LINE 1 SIENA COLLEGE IS A LEARNING COMMUNITY ADVANCING THE IDEALS OF A LIBERAL ARTS EDUCATION, ROOTED IN ITS IDENTITY AS A FRANCISCAN AND CATHOLIC INSTITUTION. AS A LEARNING COMMUNITY, SIENA IS COMMITTED TO A STUDENT-CENTERED EDUCATION EMPHASIZING DYNAMIC FACULTY-STUDENT INTERACTION. THROUGH A BLENDING OF LIBERAL ARTS AND PROFESSIONAL EDUCATION, SIENA COLLEGE PROVIDES EXPERIENCES AND COURSES OF STUDY INSTILLING THE VALUES AND KNOWLEDGE TO LEAD A COMPASSIONATE, REFLECTIVE, AND PRODUCTIVE LIFE OF SERVICE AND LEADERSHIP. AS A LIBERAL ARTS COLLEGE, SIENA FOSTERS THE RIGOROUS INTELLECTUAL DEVELOPMENT OF ITS STUDENTS THROUGH A HEALTHY EXCHANGE OF IDEAS BOTH INSIDE AND OUTSIDE THE CLASSROOM. IT PROVIDES OPPORTUNITIES TO DEVELOP CRITICAL AND CREATIVE THINKING, TO MAKE REASONED AND INFORMED JUDGMENTS, TO APPRECIATE CULTURAL DIVERSITY, TO DEEPEN AESTHETIC SENSIBILITY AND TO ENHANCE WRITTEN AND ORAL COMMUNICATION SKILLS. IT DEVELOPS IN EACH INDIVIDUAL AN APPRECIATION FOR THE RICHNESS OF EXPLORING KNOWLEDGE FROM A VARIETY OF PERSPECTIVES AND DISCIPLINES. AS A FRANCISCAN COMMUNITY, SIENA STRIVES TO EMBODY THE VISION AND VALUES OF ST. FRANCIS OF ASSISI: FAITH IN A PERSONAL AND PROVIDENT GOD, REVERENCE FOR ALL CREATION, AFFIRMATION OF THE UNIQUE WORTH OF EACH PERSON, DELIGHT IN DIVERSITY, APPRECIATION FOR BEAUTY, SERVICE WITH THE POOR AND MARGINALIZED, A COMMUNITY WHERE MEMBERS WORK TOGETHER IN FRIENDSHIP AND RESPECT, AND COMMITMENT TO BUILDING A WORLD THAT IS MORE JUST, PEACEABLE, AND HUMANE. AS A CATHOLIC COLLEGE, SIENA SEEKS TO ADVANCE NOT ONLY THE INTELLECTUAL GROWTH OF ITS STUDENTS, BUT THEIR SPIRITUAL, RELIGIOUS AND ETHICAL FORMATION AS WELL. TO THIS END, SIENA IS COMPOSED OF AND IN DIALOGUE WITH PEOPLE FROM DIFFERENT RELIGIONS AND CULTURAL TRADITIONS, FOSTERS A CRITICAL APPRECIATION OF THE CATHOLIC INTELLECTUAL HERITAGE IN CONVERSATION WITH CONTEMPORARY EXPERIENCE, PROVIDES AMPLE OPPORTUNITIES FOR WORSHIP AND SERVICE, EXPLORES THE MORAL DIMENSIONS OF DECISION-MAKING IN BUSINESS AND THE PROFESSIONS, AND AFFIRMS THE DIGNITY OF THE INDIVIDUAL WHILE PURSUING THE COMMON GOOD. FORM 990, PART III, LINE 4A SIENA COLLEGE IS A COEDUCATIONAL, INDEPENDENT, LIBERAL ARTS COLLEGE WITH A FRANCISCAN AND CATHOLIC TRADITION. FOUNDED IN 1937 BY SEVEN FRANCISCAN FRIARS, IT IS LOCATED IN LOUDONVILLE, NEW YORK, A SUBURBAN COMMUNITY JUST OUTSIDE THE STATE'S CAPITAL. SIENA IS REGISTERED BY THE BOARD OF REGENTS OF THE UNIVERSITY OF THE STATE OF NEW YORK. ALL PROGRAMS ARE ACCREDITED BY THE MIDDLE STATES COMMISSION ON HIGHER EDUCATION, AND THE SCHOOL OF BUSINESS IS ACCREDITED BY THE ASSOCIATION TO ADVANCE COLLEGIATE SCHOOLS OF BUSINESS. IN ADDITION, THE CHEMISTRY PROGRAM IS CERTIFIED BY THE AMERICAN CHEMICAL SOCIETY, THE SOCIAL WORK PROGRAM IS CERTIFIED BY THE COUNCIL ON SOCIAL WORK EDUCATION, AND THE EDUCATION PROGRAMS ARE ACCREDITED BY THE NATIONAL COUNCIL FOR THE ACCREDITATION OF TEACHER EDUCATION. SIENA'S 3421 UNDERGRADUATES ENROLL IN ONE OF THREE SCHOOLS - LIBERAL ARTS, SCIENCE, AND BUSINESS - AND MAY CHOOSE TO PURSUE STUDY FROM A TOTAL OF 26 DEPARTMENTS WITH 41 MAJORS, 63 MINORS AND CERTIFICATE PROGRAMS, AND PROFESSIONAL CURRICULA IN SECONDARY EDUCATION, PRE-LAW, AND SOCIAL WORK. 106 GRADUATES HAVE ENROLLED IN THE GRADUATE DEGREE PROGRAMS. ON AVERAGE, 122 STUDENTS STUDY ABROAD IN A GIVEN YEAR. NINETY-FOUR PERCENT OF SIENA STUDENTS ENTER GRADUATE SCHOOL OR FIND EMPLOYMENT IMMEDIATELY FOLLOWING GRADUATION. ADMISSION TO THE COLLEGE IS COMPETITIVE. OF THE 864 INCOMING MEMBERS OF THE CLASS OF 2026, 17.8 PERCENT GRADUATED IN THE TOP TEN PERCENT OF THEIR HIGH SCHOOL CLASS AND THEIR AVERAGE SAT SCORE WAS 1157. FORM 990, PART VI, SECTION A, LINE 2 BUSINESS RELATIONSHIPS BETWEEN TRUSTEES JOHN NIGRO & THOMAS AMELL FORM 990, PART VI, SECTION B, LINE 11B MANAGEMENT WORKS TOGETHER WITH ITS TAX PROFESSIONALS TO GATHER THE REQUIRED INFORMATION NECESSARY TO PREPARE A DRAFT OF THE FORM 990. ONCE A DRAFT IS COMPLETED, IT IS THEN REVIEWED WITH THE AUDIT COMMITTEE AND THE TAX PROFESSIONALS. ONCE THE REVIEW IS COMPLETED AND EDITS ARE MADE, A COMPLETE COPY OF THE COLLEGE'S FINAL FORM 990 (INCLUDING ALL REQUIRED SCHEDULES), AS ULTIMATELY FILED WITH THE IRS, IS DISTRIBUTED TO THE FULL BOARD BEFORE ITS FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C ALL OFFICERS, TRUSTEES, AND KEY EMPLOYEES ASSUME RESPONSIBILITY FOR CONSIDERING POSSIBLE CONFLICTS OF INTEREST THAT ARISE DURING SERVICE WITH THE COLLEGE TO HELP TRUSTEES IDENTIFY POSSIBLE CONFLICTS OF INTEREST, THE COLLEGE HAS DEVELOPED A DISCLOSURE FORM THAT ALL TRUSTEES MUST COMPLETE AND UPDATE AT LEAST ANNUALLY. DURING THE COURSE OF THEIR SERVICE, OFFICERS, TRUSTEES, AND KEY EMPLOYEES, IF APPLICABLE, MUST ALSO DISCLOSE ANY CONFLICT OF INTEREST AS SOON AS THEY BECOME AWARE OF THE CONFLICT. THE GENERAL COUNSEL REVIEWS THE DISCLOSURES AND WILL DISCLOSE ANY REPORTED CONFLICTS OF INTEREST TO THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES. THE AUDIT COMMITTEE MAY CONSIDER WHETHER ADVICE FROM COUNSEL OR OTHER INDEPENDENT ADVISORS IS NECESSARY IN PARTICULAR INSTANCES WHERE A CONFLICT EXISTS. FORM 990, PART VI, SECTION B, LINE 15 FORM 990, PART VI, SECTION B, LINE 15A THE COMPENSATION FOR THE PRESIDENT, WHO RECEIVED SALARY FROM THE COLLEGE, WAS DETERMINED IN ACCORDANCE WITH THE EXECUTIVE COMPENSATION POLICY OF THE COLLEGE. THE BOARD OF TRUSTEES APPROVED THE COMPENSATION RECEIVED BY THE PRESIDENT AND UTILIZED INDEPENDENT EXTERNAL STANDARDS SUCH AS THE COLLEGE AND UNIVERSITY PERSONNEL ASSOCIATION, LOCAL MARKET DATA AND INTERNAL EQUITY, FOR THE REVIEW OF THE INTERIM PRESIDENT'S COMPENSATION AGREEMENT AND THE GATHERING OF COMPARABILITY DATA IN DETERMINING THE REASONABLENESS OF COMPENSATION AND COMPLIANCE WITH THE PROCEDURES DESCRIBED IN TREASURY REGULATION SECTION 53.4958-6. FORM 990, PART VI, SECTION B, LINE 15B THE BOARD OF TRUSTEES AND THE PRESIDENT PERFORM A REVIEW AND APPROVAL AT REGULAR INTERVALS OF THE PERFORMANCE AND COMPENSATION OF THE OFFICERS, AND WHERE APPROPRIATE, OTHER SENIOR MANAGEMENT OF THE COLLEGE. THE BOARD AND PRESIDENT UTILIZE INDEPENDENT EXTERNAL STANDARDS SUCH AS THE COLLEGE AND UNIVERSITY PERSONNEL ASSOCIATION, LOCAL MARKET DATA AND INTERNAL EQUITY, FOR THE REVIEW OF COMPENSATION AGREEMENTS AND THE GATHERING OF COMPARABILITY DATA IN DETERMINING THE REASONABLENESS OF COMPENSATION AND COMPLIANCE WITH THE PROCEDURES DESCRIBED IN TREASURY REGULATION SECTION 53.4958-6. FORM 990, PART VI, SECTION C, LINE 18 THE COLLEGE FOLLOWS THE IRS' GUIDELINES FOR PUBLIC DISCLOSURE. A COPY OF THE FORM 990 AND FORM 990-T IS MADE AVAILABLE TO THE PUBLIC BY REQUEST THROUGH THE FINANCE AND ADMINISTRATION OFFICE. THE FORM 990 IS ALSO AVAILABLE ON THE GUIDESTAR WEBSITE. FORM 990, PART VI, SECTION C, LINE 19 THE COLLEGE DOES NOT MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, OR FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. FORM 990, PART XI, LINE 9: BENEFIT CHANGES 441,863. PROVISION FOR UNCOLLECTIBLE PLEDGES 96,828. SPRING PROPERTIES INC 515 LOUDON ROAD LOUDONVILLE NY 12211 141706494 RENTAL NY SIENA COLLEGE C 21500 408731 1.00000 1 CHARITABLE REMAINDER UNITRUST (6) 515 LOUDON ROAD LOUDONVILLE NY 12211 INVESTING NY T 1 CHARITABLE REMAINDER TRUST (5) 515 LOUDON ROAD LOUDONVILLE NY 12211 INVESTING NY T 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 SPRING PROPERTIES INC (DUE TO SIENA) D 161670 SPRING PROPERTIES INC (DUE FROM SIENA) E 408731 SCHEDULE R, PART IV, COLUMN (C) THE CHARITABLE REMAINDER UNITRUSTS LISTED ON LINE 3 OF PART IV HAVE THE FOLLOWING LEGAL DOMICILES: 1 - IL 2 - FL 3 - NY 4 - CT 5 - NY 6 - NY