2026-05-14T15:39:17-05:00 2025-06-30 135565207 KPMG LLP 515 BROADWAY 4TH FLOOR ALBANY NY 12207 990 2024-07-01 150543659 CLARKSON UNIVERSITY CLAR 3152682089 8 CLARKSON AVENUE BOX 5546 POTSDAM NY 136995546 JEFFREY IVES CFO 3152687258 2026-05-14 1 0 GENEVA FURLANO P01877392 5184274600 2026-05-11 2024 2025-03-06 01:10:19Z MICHELLE B LARSON 8 CLARKSON AVENUE BOX 5546 POTSDAM NY 136995546 294327405 0 X WWW.CLARKSON.EDU X PROVIDE EDUCATION FOR UNDERGRADUATE, GRADUATE, AND PROFESSIONAL CONTINUING EDUCATION PROGRAMS, AND TO ENGAGE IN HIGH QUALITY RESEARCH AND SCHOLARSHIP. 26 26 2329 1035 1978482 357952 28573363 34117456 190315639 180813221 9169169 4317621 2734528 4298111 230792699 223546409 107087542 103358128 0 0 86844967 78867628 0 0 1750573 58886827 57904166 252819336 240129922 -22026637 -16583513 464098082 454591531 127140331 124141540 336957751 330449991 X CLARKSON UNIVERSITY IS AN INDEPENDENT, NATIONALLY RECOGNIZED TECHNOLOGICAL UNIVERSITY WHOSE FACULTY OF TEACHER-SCHOLARS ASPIRES TO OFFER SUPERIOR INSTRUCTION AND ENGAGE IN HIGH-QUALITY RESEARCH AND SCHOLARSHIP IN ENGINEERING, BUSINESS, SCIENCE, HEALTH, EDUCATION, AND LIBERAL ARTS.OUR PRIMARY MISSION IS TO EDUCATE TALENTED AND MOTIVATED MEN AND WOMEN TO BECOME SUCCESSFUL PROFESSIONALS THROUGH QUALITY PRE-COLLEGIATE, UNDERGRADUATE, GRADUATE, AND PROFESSIONAL CONTINUING EDUCATIONAL PROGRAMS, WITH PARTICULAR EMPHASIS ON THE UNDERGRADUATE EXPERIENCE. OUR COMMUNITY AND CAMPUS SETTINGS ENHANCE THE QUALITY OF STUDENT LIFE AND AFFORD STUDENTS ACCESS TO, AND INTERACTION WITH, THEIR FACULTY. WE VALUE THE DIVERSITY OF OUR UNIVERSITY COMMUNITY, AND WE STRIVE TO ATTUNE OURSELVES AND OUR PROGRAMS TO OUR GLOBAL, PLURALISTIC SOCIETY. WE SHARE THE BELIEF THAT HUMANE AND ENVIRONMENTALLY SOUND ECONOMIC AND SOCIAL DEVELOPMENT DERIVE FROM THE EXPANSION, DIFFUSION, AND APPLICATION OF KNOWLEDGE. 0 0 208676506 103018846 154411734 SEE SCHEDULE O 8975267 339282 29423617 EXTRACURRICULAR PROGRAMS, GENERAL/OTHER AUXILIARY ENTERPRISES SUCH AS HOUSING, DINING, AND RECREATIONAL SERVICES FOR ITS STUDENTS (2,274 FTE STUDENTS). 363035 CONFERENCES & WORKSHOPS 217651773 1 1 0 1 0 0 0 0 1 1 1 1 0 0 1 1 0 1 1 0 1 0 1 0 0 0 0 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 1 1 1 0 0 1 516 0 1 2329 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 26 26 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 1 1 NY X ROBERT TREMPER 3152687258 8 CLARKSON AVENUE BOX 5540 POTSDAM NY 13699 DAVID K HEACOCK INTERIM PRESIDENT & TRUSTEE 50.00 0.00 X X 0 0 0 ANTHONY BOUCHARD TRUSTEE 4.00 0.00 X 0 0 0 KATHRYN E CAMPBELL TRUSTEE 6.00 0.00 X 0 0 0 SIMOON CANNON TRUSTEE 4.00 0.00 X 0 0 0 THOMAS CAPEK TRUSTEE 4.00 0.00 X 0 0 0 AMY CASTRONOVA TRUSTEE 2.00 0.00 X 0 0 0 LAURETTA M CHRYS TRUSTEE 10.00 0.00 X 0 0 0 BAYARD D CLARKSON SR TRUSTEE (THRU 10/24) 1.00 0.00 X 0 0 0 KATHLEEN H CLINE TRUSTEE 6.00 0.00 X 0 0 0 KAREL CZANDERNA TRUSTEE 6.00 0.00 X 0 0 0 PETER J DEVLIN TRUSTEE (THRU 6/25) 6.00 0.00 X 0 0 0 CHRISTINA DUTCH TRUSTEE 10.00 0.00 X 0 0 0 DAVID F GLENN TRUSTEE (AS OF 10/24) 2.00 0.00 X 0 0 0 SCOTT A KINGSLEY TRUSTEE (AS OF 2/25) 2.00 0.00 X 0 0 0 SANJEEV R KULKARNI TRUSTEE 6.00 0.00 X 0 0 0 KENNETH S LALLY TRUSTEE 6.00 0.00 X 0 0 0 EARL R LEWIS TRUSTEE 4.00 0.00 X 0 0 0 MARK MANNING TRUSTEE 6.00 0.00 X 0 0 0 MICHAEL MARESCA TRUSTEE (THRU 10/24) 1.00 0.00 X 0 0 0 JOHN S MENGUCCI TRUSTEE 8.00 0.00 X 0 0 0 CHRISTOPHER MONTFERRET TRUSTEE (AS OF 4/25) 2.00 0.00 X 0 0 0 RAJAN RAGHAVAN TRUSTEE 4.00 0.00 X 0 0 0 NANCY REYDA TRUSTEE 14.00 0.00 X 0 0 0 KATHLEEN M SCHMELER TRUSTEE (AS OF 5/25) 2.00 0.00 X 0 0 0 JEAN E SPENCE TRUSTEE 6.00 0.00 X 0 0 0 DAVID A WALSH TRUSTEE 4.00 0.00 X 0 0 0 DONALD J WHELLEY TRUSTEE (AS OF 2/25) 4.00 0.00 X 0 0 0 JAMES WOOD TRUSTEE 2.00 0.00 X 0 0 0 ROBERT R ZIEK JR TRUSTEE 12.00 0.00 X 0 0 0 MICHELLE B LARSON PRESIDENT (AS OF 4/25) 50.00 1.00 X 0 0 0 MARC CHRISTENSEN PRESIDENT (THRU 7/24) 50.00 1.00 X 670368 0 74794 JEFFREY IVES VP OF FINANCIAL AFFAIRS 50.00 2.00 X 346840 0 54320 KELLY CHEZUM THRU 1224 VP FOR EXTERNAL AFFAIRS & ASST. SEC. 50.00 2.00 X 193485 0 49947 DEBRA DRESCHERAS OF 1224 VP OF LEGAL AFFAIRS & ASST. SEC. 50.00 1.00 X 203395 0 22885 LENNART JOHNS FOUNDING DEAN OF HEALTH SCIENCES 40.00 0.00 X 342615 0 29740 JOSHUA FISKE VP FOR INFORMATION TECHNOLOGY 40.00 0.00 X 197601 0 24591 MICHELLE CRIMI DEAN OF THE GRAD SCHOOL 40.00 0.00 X 268682 0 18049 BRIAN GRANT VP FOR ENROL & STUDENT ADVANCEMENT 40.00 0.00 X 194127 0 93441 WILLIAM JEMISON DEAN OF SCHOOL OF ENGINEERING 40.00 0.00 X 324758 0 42742 MATTHEW DRAPER THRU 125 VP FOR DEVELOPMENT & ALUMNI RELNS 40.00 0.00 X 241586 0 63659 AMY MCGAHERAN VP FOR PEOPLE RESOURCES (THRU 2/25) 40.00 0.00 X 167323 0 17606 BEBONCHU ATEMS DEAN OF SCHOOL OF BUS. (THRU 7/25) 40.00 0.00 X 250006 0 37159 CHRISTOPHER ROBINSON PROVOST (THRU 8/24) 40.00 0.00 X 238307 0 47405 AUGUSTINE LADO PROFESSOR SCHOOL OF BUSINESS 40.00 0.00 X 278279 0 35936 CHRISTIAN FELZENSZTEIN PROFESSOR SCHOOL OF BUSINESS 40.00 0.00 X 231708 0 50592 MATTHEW DESROSIERS HEAD WOMEN'S HOCKEY COACH 40.00 0.00 X 314504 0 63654 FARZAD MAHMOODI PROF. & DIR. OF SUPPLY CHAIN MGMT 40.00 0.00 X 269277 0 33819 CHARLES THORPE PROFESSOR OF COMPUTER SCIENCE 40.00 0.00 X 235193 0 47112 GOODARZ AHMADI THRU 623 FORMER INTERIM PROVOST 40.00 0.00 X 201265 0 34242 DARRYL SCRIVEN 1223 FORMER DEAN OF ARTS & SCIENCES 40.00 0.00 X 234811 0 1785 5404130 0 843478 183 1 1 0 SODEXO OPERATIONS LLC PO BOX 360170 PITTSBURGH PA 15251 FOOD SERVICE 7714820 CARNEGIE DARTLET LLC 210 LITTLETON ROAD SUITE 100 WESTFORD MA 01886 CONSULTING 672583 BOND SCHOENECK & KING PLLC PO BOX 11607 SYRACUSE NY 13218 LEGAL 597707 KPMG 515 BROADWAY 4TH FLOOR ALBANY NY 12207 ACCOUNTING 513090 CORTECH LLC 22 DEPOT ST 14 POTSDAM NY 13676 STAFFING SERVICE 489693 25 16196608 17920848 2348461 34117456 TUITION & FEES 611310 151026569 151026569 AUXILIARY ENTERPRISES - ROOM 721000 19202644 19202644 AUXILIARY ENTERPRISES - BOARD 722320 10093955 10093955 CONFERENCE & WORKSHOPS 611310 363035 363035 AUXILIARY ENTERPRISES - OTHER 900099 127018 127018 180813221 3095931 1903794 1192137 71551798 450888 65137712 5643284 6414086 -5192396 1221690 1221690 ATHLETIC REVENUE 711210 702993 702993 SPACE RENTAL 532000 75382 75382 COMMISSIONS 611310 59883 59883 3459853 3385165 74688 4298111 223546409 184198386 1978482 3252085 30000 30000 101404731 101404731 1923397 1923397 4063239 2156656 1906583 57932 57932 57796484 50004512 6730208 1061764 2706933 2267387 387675 51871 9852199 8252419 1410989 188791 4390841 3677865 628837 84139 79030 23838 55192 505155 505155 128765 128765 1095268 1095268 6368258 3390007 2936730 41521 866440 790129 53341 22970 4025540 3334191 691349 2827435 2622483 122914 82038 2862937 1606535 1256402 10619629 10616565 -180180 183244 1492075 5153 1486922 FOOD SERVICE 7614696 7520996 93700 SUPPLIES 5126221 4869433 250581 6207 RESEARCH SUB-CONTRACTS 1860540 1860540 EQUIPMENT RENTALS / EXT 1856612 1748392 108220 10575565 8264579 2282958 28028 240129922 217651773 20727576 1750573 39060871 50255425 5506226 4489040 18596905 17183664 239272 231501 1631814 2922795 397963173 207700527 201970861 190262646 72159378 73239817 118294043 109775985 4492068 3858194 2146644 2372464 464098082 454591531 7310429 7763248 3823801 5559028 74131504 71506662 1299792 1130473 833333 750000 39741472 37432129 127140331 124141540 X 122501293 112925966 214456458 217524025 336957751 330449991 464098082 454591531 X -16583513 10217928 -142175 X 0 1 X 1 1 1 X 38721615 42338123 31921438 28573363 34117456 175671995 38721615 42338123 31921438 28573363 34117456 175671995 1236384 174435611 944317 1470291 2518435 3595364 1192137 9720544 0 0 0 0 1921614 1921614 1248186 2140778 3487676 2734528 4223423 13834591 201148744 973798719 0.86720 0.88120 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 1 0 0 0 1 11251 1 12314 0 1 105200 128765 0 PART II-B, LINE 1: THE UNIVERSITY, THROUGH THE ASSOCIATION OF GOVERNING BOARDS, CONTACTS THE BOARD OF TRUSTEES PERIODICALLY TO URGE THEM TO CONTACT THEIR LEGISLATORS REGARDING FUNDING SUPPORT ISSUES SUCH AS NEW YORK STATE (NYS) BUNDY AID AND THE NYS TUITION ASSISTANCE PROGRAM. ALUMNI ARE ALSO PERIODICALLY ENCOURAGED TO CONTACT THEIR STATE AND FEDERAL REPRESENTATIVES. THE PRESIDENT, CHIEF FINANCIAL OFFICER AND THE EXTERNAL RELATIONS OFFICE SIGN OFFICIAL COMMUNICATIONS INCLUDING LOBBYING APPEALS. THE OFFICE IS PRINCIPALLY RESPONSIBLE FOR MONITORING GOVERNMENT ACTION AT THE LOCAL, STATE AND FEDERAL LEVELS, REPORTING SIGNIFICANT ACTIONS WHICH IMPACT THE UNIVERSITY TO APPROPRIATE OFFICES, AND WHERE APPROPRIATE, TO LOBBYING LEGISLATIVE AND EXECUTIVE BODIES. THE VAST MAJORITY OF LOBBYING COMMUNICATIONS AND DIRECT CONTACT WITH LEGISLATORS OR LEGISLATIVE STAFF MEMBERS EMANATES FROM THIS OFFICE. THE UNIVERSITY CONVEYED ITS POSITION ON VARIOUS STATE AND FEDERAL ISSUES, AS WELL AS MISCELLANEOUS ECONOMIC DEVELOPMENT, ENERGY AND ENVIRONMENTAL ISSUES. 0 1 X 213957168 2796216 18356831 16577759 3257776 215274680 218427219 2789399 13325899 19859830 725519 213957168 216602679 6734235 13046798 17532376 424117 218427219 240740822 2527172 -7427020 15922110 3316185 216602679 197482756 1835655 50336675 8190379 723885 240740822 0.16900 0.67500 0.15600 0 0 16000 20314712 20330712 326312509 165389393 160923116 48365758 42311134 6054624 2954194 2954194 190262646 1472580 F HEDGE FUNDS 11216819 F PRIVATE EQUITY 31092982 F VENTURE CAPITAL 23071679 F REAL ASSETS 5627383 F INTERNATIONAL EQUITY 37294542 F 109775985 FEDERAL & OTHER LOAN PROGRAMS 3598651 ASSET RETIREMENT OBLIGATION 6143982 POST-RETIREMENT BENEFIT 3658027 PRESENT VALUE OF ANNUITY PAYMENTS 4836070 LOAN PLEDGE LIABILITY 2815 BANK LINE OF CREDIT OUTSTANDING 16000000 RIGHT OF USE - OPERATING LEASE 1803263 MISCELLANEOUS 1389321 37432129 X 232309728 10217928 -229604 9988324 222321404 1095268 129737 1225005 223546409 238817488 0 238817488 1095268 217166 1312434 240129922 PART IV, LINE 2B: THE UNIVERSITY ASSISTS THE STUDENT ASSOCIATION BY PROVIDING CUSTODIAN SUPPORT FOR THEIR RECEIPTS AND DISBURSEMENTS. ALSO, THE UNIVERSITY IS THE FIDUCIARY OF A PERPETUITY TRUST. PART V, LINE 4: THE INTENDED USE OF THE UNIVERSITY'S ENDOWMENT FUND IS TO SUPPORT THE UNIVERSITY'S STUDENTS DIRECTLY THROUGH FINANCIAL AID AS WELL AS INDIRECTLY THROUGH SUPPORT OF OPERATION COSTS AND RESEARCH ENDEAVOURS. PART X, LINE 2: THE CONSOLIDATED FINANCIAL STATEMENTS INCLUDE THE UNIVERSITY AND BEACON, WHICH ARE GENERALLY EXEMPT FROM INCOME TAX UNDER SECTION 501 (C)(3) OF THE INTERNAL REVENUE CODE. WESTON IS A TAXABLE SUBSIDIARY OF THE UNIVERSITY. THE INCOME TAX ATTRIBUTABLE TO WESTON IS REFLECTED IN THESE CONSOLIDATED FINANCIAL STATEMENTS BUT IS NOT MATERIAL. THE UNIVERSITY RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT OF BEING SUSTAINED BY A TAXING AUTHORITY AND BELIEVES IT HAS TAKEN NO SIGNIFICANT UNCERTAIN TAX POSITIONS. PART XI, LINE 2D - OTHER ADJUSTMENTS: RELATED ENTITY REVENUE 40,131. CHANGE TO POST RETIREMENT BENEFITS -269,735. PART XI, LINE 4B - OTHER ADJUSTMENTS: CHANGE IN ANNUITY & LIFE INCOME FUNDS 152,933. CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS -59,196. RELATED ENTITY REVENUE 36,000. PART XII, LINE 4B - OTHER ADJUSTMENTS: CHANGE IN ANNUITY & LIFE INCOME FUNDS 152,933. CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS 64,233. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE UNIVERSITY PUBLICIZES ITS RACIALLY NONDISCRIMINATORY POLICY WITHIN ALL JOB ANNOUNCEMENTS AND PUBLICATIONS, AS WELL AS ALL OTHER PUBLIC ANNOUNCEMENTS AND PUBLICATIONS. THIS POLICY IS MADE AVAILABLE YEAR-ROUND ON THE UNIVERSITY'S HOMEPAGE AT WWW.CLARKSON.EDU. SCHEDULE E, PART I, LINE 6 THE UNIVERSITY RECEIVES FEDERAL, STATE AND LOCAL FUNDS FOR STUDENT FINANCIAL ASSISTANCE AND FOR RESEARCH AND DEVELOPMENT AWARDS. 1 CENTRAL AMERICA/CARIBBEAN INVESTMENTS 29490179 EUROPE INVESTMENTS 1139886 EUROPE GRANTMAKING 1292527 EAST ASIA AND THE PACIFIC GRANTMAKING 630870 EUROPE PROGRAM SERVICES GLOBAL BUSINESS PROGRAM 91507 EAST ASIA AND THE PACIFIC PROGRAM SERVICES GLOBAL BUSINESS PROGRAM 95140 EAST ASIA AND THE PACIFIC PROGRAM SERVICES RESEARCH 457269 NORTH AMERICA (CANADA) PROGRAM SERVICES RESEARCH 143013 0 0 0 0 0 0 33340391 0 33340391 EDUCATION EUROPE (INCLUDING ICELAND AND GREENLAND) 20 1200453 CREDIT ON ACCOUNT EDUCATION EAST ASIA AND THE PACIFIC 10 451557 CREDIT ON ACCOUNT EDUCATION EAST ASIA AND THE PACIFIC 54 165266 WIRE TRANSFER EDUCATION EAST ASIA AND THE PACIFIC 7 14047 CREDIT CARD EDUCATION EUROPE (INCLUDING ICELAND AND GREENLAND) 47 92074 CREDIT CARD 1 0 1 1 1 1 PART I, LINE 2: THE UNIVERSITY MONITORS THE USE OF GRANT FUNDS FOR RESEARCH SUB-AWARDS OUTSIDE THE UNITED STATES BY REQUIRING TECHNICAL REPORTS WHICH ARE REVIEWED AND APPROVED BY THE UNIVERSITY BEFORE SUBMITTING PAYMENT. WE ALSO HAVE A COMPREHENSIVE MONITORING PROCESS BY WHICH ALL SUB-RECIPIENTS ARE EVALUATED PRIOR TO OBTAINING AN AWARD. RESEARCH EXPENDITURES FOR THIS PROGRAM ARE FOR UNDERGRADUATES, THESE ARE PRE-APPROVED BY THE FUNDING AGENCY AND TECHNICAL REPORTS ARE SUBMITTED UPON COMPLETION OF TRIP FOR REVIEW AND APPROVAL. ALL UNIVERSITY EXPENDITURE GUIDELINES ARE FOLLOWED BEFORE PAYMENTS ARE DISBURSED FOR PROGRAM EXPENDITURES. GRANT FUNDS ARE VERIFIED IN THE STUDENT FINANCIAL AID PROCESS ACCORDING TO UNIVERSITY PROCEDURES AND DISTRIBUTED AS CREDITS TO STUDENT RECEIVABLE ACCOUNTS AT THE UNIVERSITY. PART I, LINE 3: THE UNIVERSITY UTILIZES THE ACCRUAL METHOD OF ACCOUNTING. 1 POTSDAM VOLUNTEER FIRE DEPT PO BOX 756 POTSDAM NY 13676 550855809 LOCAL GOVT 30000 0 DONATION 1 SUMMER AWARDS 2 4977 CLARKSON HONARARIES 31 1122058 CLARKSON VETERAN SCHOLARSHIP 1 291 ENDOWED/ SPONSORED/ GOVERNMENT 1055 4326556 GRADUATE ASSISTANT 23 392416 GRANT IN AID 65 2269064 GRADUATE SCHOLARSHIPS 519 2649958 PARTIAL TUITION 221 2777391 RESEARCH ASSISTANT - TUITION REMISSION 334 1115890 RESIDENT ADVISORS - ALLOWANCE 54 409086 ROOM, BOARD AND MAINTENANCE 53 220320 SUPPLEMENTAL FINANCIAL AID SUMMER 45 84496 SUPPLEMENTARY TRUSTEE SCHOLARSHIP 59 3107073 TEACHING ASSISTANT SCHOLARSHIP 109 2579490 TRUSTEE SCHOLARSHIP 2209 80345665 PART I, LINE 2: THE UNIVERSITY PROVIDES FUNDING TO FACULTY AND STUDENTS FOR SCHOLARSHIPS, RESEARCH AND OTHER PROJECTS. EXPENSES MUST BE SUBSTANTIATED UNDER THE ACCOUNTABILITY PLAN TO ENSURE PROPER USE OF FUNDS. STUDENTS MUST MEET THE REQUIREMENTS SPECIFIED IN THE RESPECTIVE AWARD PROGRAM IN ORDER TO RECEIVE THE AWARD. THE REQUIREMENTS INCLUDE CRITERIA SUCH AS FINANCIAL NEED, OBTAINING/MAINTAINING THE REQUIRED GRADE POINT AVERAGE AND STUDYING IN A CERTAIN ECONOMIC DISCIPLINE, ETC. IF THE SCHOLARSHIP IS ONGOING, THE STUDENT MUST CONTINUE TO MEET THE SCHOLARSHIP REQUIREMENTS IN ORDER TO BE AWARDED A SCHOLARSHIP IN SUBSEQUENT YEARS. FINANCIAL NEED, GRADE POINT AVERAGES AND OTHER SCHOLARSHIP CRITERIA ARE CONTINUALLY MONITORED TO DETERMINE WHETHER THE STUDENT MEETS THE CRITERIA. X X X 1 1 X X X X X X 1 0 0 0 0 0 0 0 0 MARC CHRISTENSEN PRESIDENT (THRU 7/24) 447283 0 0 0 223085 0 33120 0 41674 0 745162 0 0 0 JEFFREY IVES VP OF FINANCIAL AFFAIRS 346824 0 0 0 16 0 32624 0 21696 0 401160 0 0 0 MATTHEW DESROSIERS HEAD WOMEN'S HOCKEY COACH 312474 0 0 0 2030 0 30393 0 33261 0 378158 0 0 0 LENNART JOHNS FOUNDING DEAN OF HEALTH SCIENCES 342591 0 0 0 24 0 29740 0 0 0 372355 0 0 0 WILLIAM JEMISON DEAN OF SCHOOL OF ENGINEERING 324734 0 0 0 24 0 31345 0 11397 0 367500 0 0 0 AUGUSTINE LADO PROFESSOR SCHOOL OF BUSINESS 278255 0 0 0 24 0 24539 0 11397 0 314215 0 0 0 MATTHEW DRAPER THRU 125 VP FOR DEVELOPMENT & ALUMNI RELNS 241580 0 0 0 6 0 23338 0 40321 0 305245 0 0 0 FARZAD MAHMOODI PROF. & DIR. OF SUPPLY CHAIN MGMT 267653 0 0 0 1624 0 22047 0 11772 0 303096 0 0 0 BRIAN GRANT VP FOR ENROL & STUDENT ADVANCEMENT 192711 0 0 0 1416 0 19469 0 73972 0 287568 0 0 0 BEBONCHU ATEMS DEAN OF SCHOOL OF BUS. (THRU 7/25) 237392 0 0 0 12614 0 23052 0 14107 0 287165 0 0 0 MICHELLE CRIMI DEAN OF THE GRAD SCHOOL 268674 0 0 0 8 0 18049 0 0 0 286731 0 0 0 CHRISTOPHER ROBINSON PROVOST (THRU 8/24) 238260 0 0 0 47 0 23444 0 23961 0 285712 0 0 0 CHARLES THORPE PROFESSOR OF COMPUTER SCIENCE 235146 0 0 0 47 0 23151 0 23961 0 282305 0 0 0 CHRISTIAN FELZENSZTEIN PROFESSOR SCHOOL OF BUSINESS 231702 0 0 0 6 0 20270 0 30322 0 282300 0 0 0 KELLY CHEZUM THRU 1224 VP FOR EXTERNAL AFFAIRS & ASST. SEC. 192269 0 0 0 1216 0 19203 0 30744 0 243432 0 0 0 DARRYL SCRIVEN 1223 FORMER DEAN OF ARTS & SCIENCES 6364 0 0 0 228447 0 575 0 1210 0 236596 0 0 0 GOODARZ AHMADI THRU 623 FORMER INTERIM PROVOST 201189 0 0 0 76 0 19776 0 14466 0 235507 0 0 0 DEBRA DRESCHERAS OF 1224 VP OF LEGAL AFFAIRS & ASST. SEC. 203348 0 0 0 47 0 19816 0 3069 0 226280 0 0 0 JOSHUA FISKE VP FOR INFORMATION TECHNOLOGY 197597 0 0 0 4 0 19068 0 5523 0 222192 0 0 0 AMY MCGAHERAN VP FOR PEOPLE RESOURCES (THRU 2/25) 167317 0 0 0 6 0 16198 0 1408 0 184929 0 0 0 PART I, LINE 1A TRAVEL FOR COMPANIONS WAS PROVIDED TO AN OFFICER OF THE UNIVERSITY. THIS BENEFIT WAS PROVIDED AS TAXABLE COMPENSATION. A PERSONAL RESIDENCE WAS PROVIDED TO THE PRESIDENT AS A MANDATORY CONDITION OF EMPLOYMENT AND WAS NOT TAXABLE BASED ON SECTION 119 OF IRC. PART I, LINE 4A THE FOLLOWING INDIVIDUALS NOTED BELOW RECEIVED SEVERANCE PAYMENTS IN TAX YEAR 2024. - MARC CHRISTENSEN: $223,077 - DARRYL SCRIVEN: $234,811 A ST LAWRENCE COUNTY IDA CDC SERIES 2012B 272614310 791078AL2 2012-05-21 3070770 DORMITORY RENOVATIONS 1 1 1 B CITY OF SCHENECTADY IND DEV AGENCY SERIES 2008A 141699509 806476BY2 2008-01-30 5660000 GRADUATE CENTER CONSTRUCTION 1 1 1 C ST LAWRENCE COUNTY IDA SERIES 2017 272614310 791078CK2 2017-04-27 33802512 RFD 03&07 ISSUES & BLDG IMPR 1 1 1 D ST LAWRENCE COUNTY IDA CDC SERIES 2021A 272614310 791078CY2 2021-06-24 14053351 REFUND 2011 BONDS 1 1 1 A 3070770 57033 3013737 2013 1 0 1 1 B 2275000 5660000 102500 76890 5480610 2009 0 0 1 1 C 6840000 33802512 360445 11053848 22388219 2020 1 0 1 1 D 14053351 198221 13855130 2011 1 0 1 1 A 0 0 0 0 0 0 1 B 0 0 0 0 0 0 1 C 0 0 1 1 1 1 0.03010 0.03010 0 0 1 D 0 0 0 0 0 0 1 A 0 0 1 0 0 0 0 0 1 B 0 0 1 0 1 0 0 0 0 C 0 0 0 1 0 0 0 0 1 D 0 0 1 0 0 0 0 0 1 A 1 B 1 C 1 D 1 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: ST. LAWRENCE COUNTY IDA SERIES 2017 DATE THE REBATE COMPUTATION WAS PERFORMED: 04/01/2022 SCHEDULE K, PART IV, LINE 2B 05/21/2012 3,070,770 ST LAWRENCE COUNTY INDUSTRIAL DEV AGENCY SERIES 2 - THE TWO YEAR SPENDING EXCEPTION WAS SATISFIED. SCHEDULE K, PART II, LINE 11 05/21/2012 19,060,719 ST LAWRENCE COUNTY INDUSTRIAL DEV AGENCY SERIES 2 - $10,851,657 WAS USED TO REFUND THE 2009 MORTGAGE. SCHEDULE K, PART IV, LINE 2B 01/30/2008 5,660,000 CITY OF SCHENECTADY INDUSTRIAL DEV AGENCY SERIES 2 - THE TWO YEAR SPENDING EXCEPTION WAS SATISFIED. SCHEDULE K, PART IV, LINE 2 04/27/2017 33,802,512 ST LAWRENCE COUNTY INDUSTRIAL DEV AGENCY SERIES 2 - DATE THE REBATE COMPUTATION WAS PERFORMED: 04/01/2022 SCHEDULE K, PART IV, LINE 2B 06/24/2021 - 14,053,351 SLCIDA SERIES 2021A - THE TWO YEAR SPENDING EXCEPTION WAS SATISFIED. SCHEDULE K, PART IV, LINE 2B 12/02/2021 - 18,884,653 SLCIDA SERIES 2021B - THE TWO YEAR SPENDING EXCEPTION WAS SATISFIED. SCHEDULE K, PART II, LINE 11 04/27/2017 33,802,512 ST LAWRENCE COUNTY INDUSTRIAL DEV AGENCY SERIES 2 - $21,147,000 AND $1,241,219 WAS USED IN REFUNDING OF 2007 AND 2003 ISSUES. SCHEDULE K, PART II, LINE 11 6/24/2021 - 14,053,351 SLCIDA SERIES 2021A - $14,053,351 WAS USED TO REFUND SERIES 2011 BONDS. SCHEDULE K, PART II, LINE 11 12/02/2021 - 18,884,653 SLCIDA SERIES 2021B - $18,160,000 WAS USED TO REFUND SERIES 2012A BONDS. A STLAWRENCE COUNTY IDA CDC SERIES 2021B 272614310 791078OMT 2021-12-02 18884653 REFUND 2012A BONDS 1 1 1 A 18884653 256015 18628638 2012 1 0 1 1 A 0 0 0 0 0 0 1 A 0 0 1 0 0 0 0 0 1 A 1 CHRISTOPHER MARTIN SPOUSE OF KEY EMPLOYEE 57932 SALARY 0 X 36 2337461 AVG DATE OF CONTRIB X SCIENTIFIC EQUIPMENT 1 10000 FAIR MARKET VALUE X MISCELLANEOUS 3 1000 FAIR MARKET VALUE 0 1 1 PART I, LINE 32B: THE UNIVERSITY USES A BROKER TO CONVERT GIFTS OF SECURITIES TO CASH. FORM 990, PART III, LINE 4A HIGHER EDUCATION: PROVIDE INSTRUCTION, RESEARCH, PUBLIC SERVICE, CAMPUS SUPPORT, ETC., FOR UNDERGRADUATE AND GRADUATE STUDENTS (3,198 FTE STUDENTS). CLARKSON UNIVERSITY IS RANKED IN THE TOP 50 BEST VALUE SCHOOLS IN THE NATION ACCORDING TO U.S. NEWS & WORLD REPORTS 2025 RANKINGS, SOLIDIFYING ITS STANDING AS A PREMIER INSTITUTION FOR UNDERGRADUATE EDUCATION. CLARKSON WAS NAMED ONE OF THE BEST INSTITUTIONS FOR UNDERGRADUATES BY THE PRINCETON REVIEW. THE EDUCATION SERVICES COMPANY PROFILES AND RECOMMENDS CLARKSON IN THE 2025 EDITION OF ITS ANNUAL COLLEGE GUIDE. CLARKSON UNIVERSITY'S MASTERS PROGRAM IN APPLIED DATA SCIENCE HAS BEEN RANKED ONE OF THE TOP 20 PROGRAMS IN THE COUNTRY BY FORTUNE MAGAZINE. FORBES HAS NAMED CLARKSON UNIVERSITY IN THE TOP 250 COLLEGES IN THE NATION AND AMONG THE TOP 100 IN THE NORTHEAST. CLARKSON IS RANKED IN THE TOP 140 OF THE WALL STREET JOURNAL'S 2025 BEST COLLEGES IN THE U.S., AND IS ALSO RANKED IN THE TOP 40 OF THE WALL STREET JOURNAL'S BEST SALARIES LIST. FORM 990, PART VI, SECTION B, LINE 11B THE FOLLOWING PROCESS WAS OBSERVED BY THE UNIVERSITY REGARDING THE IRS FORM 990: THE RETURN WAS PREPARED BY MANAGEMENT WITH A REVIEW PERFORMED BY A QUALIFYING TAX CONSULTANT; A DRAFT WAS PRESENTED TO THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES FOR REVIEW; A COPY OF THE FINAL RETURN WAS DISTRIBUTED TO ALL BOARD MEMBERS BEFORE ELECTRONICALLY FILING THE RETURN WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C ALL TRUSTEES, OFFICERS AND KEY EMPLOYEES ARE REQUIRED TO ANNUALLY COMPLETE A CONFLICT OF INTEREST STATEMENT. THE STATEMENTS ARE REVIEWED BY THE CHAIR OF THE AUDIT COMMITTEE AND ADDRESSED IN GOVERNANCE MEETINGS AS NEEDED. FORM 990, PART VI, SECTION B, LINE 15 THE UNIVERSITY'S TOP MANAGEMENT OFFICIAL IS THE PRESIDENT, THE VICE PRESIDENT OF FINANCIAL AFFAIRS IS THE TREASURER OF THE CORPORATION, THE VICE PRESIDENT OF LEGAL AFFAIRS IS THE ASSISTANT SECRETARY TO THE BOARD OF TRUSTEES AND THE KEY EMPLOYEES ARE AS FOLLOWS: PROVOST, DEAN OF THE SCHOOL OF BUSINESS, DEAN OF THE SCHOOL OF ENGINEERING, VICE PRESIDENT FOR DEVELOPMENT AND ALUMNI RELATIONS, DEAN OF THE GRADUATE SCHOOL, VICE PRESIDENT FOR ENROLLMENT AND STUDENT ADVANCEMENT, VICE PRESIDENT FOR INFORMATION TECHNOLOGY, VICE PRESIDENT FOR PEOPLE RESOURCES, AND THE DEAN OF HEALTH SCIENCES. THE ABOVE POSITIONS' COMPENSATION PACKAGES ARE REVIEWED BY THE COMPENSATION SUBCOMMITTEE OF THE BOARD OF TRUSTEES' PEOPLE PRIORITIES COMMITTEE. THE SUBCOMMITTEE CONDUCTS A COMPREHENSIVE REVIEW USING DATA FROM A MULTIPLE SOURCES (MOST NOTABLY, DATA FROM INDEPENDENT COMPENSATION CONSULTANTS, THE ASSOCIATION OF INDEPENDENT TECHNOLOGICAL UNIVERSITIES AND THE COLLEGE & UNIVERSITY PROFESSIONAL ASSOCIATION OF HUMAN RESOURCES) FOR COMPARABLE UNIVERSITIES. THE SUBCOMMITTEE ALSO SOLICITS INPUT FROM THE EXECUTIVE COMMITTEE OF THE FULL BOARD AS TO THE PERFORMANCE OF THE PRESIDENT, AND CONSIDERS THIS FEEDBACK IN ITS DELIBERATIONS. THE SUBCOMMITTEE (1) MAKES COMPENSATION RECOMMENDATIONS FOR THE PRESIDENT, (2) AFFIRMS COMPENSATION ACTIONS FOR THE OTHER POSITIONS LISTED ABOVE AS DETERMINED BY THE PRESIDENT, AND (3) CONVEYS THIS INFORMATION TO THE EXECUTIVE COMMITTEE, WHICH MAKES THE FINAL DETERMINATIONS AND DOCUMENTS ITS DECISIONS IN THE EXECUTIVE COMMITTEE MEETING MINUTES. THIS PROCESS IS PERFORMED ANNUALLY. THE UNIVERSITY BELIEVES ITS PROCEDURES REGARDING EXECUTIVE COMPENSATION MEET THE REBUTTABLE PRESUMPTION REQUIREMENTS DESCRIBED IN REGULATION SECTION 53.4958-6(C). FORM 990, PART VI, SECTION C, LINE 19 THE UNIVERSITY POSTS ITS CONFLICT OF INTEREST POLICY ON ITS WEBSITE IN THE OPERATIONS MANUAL FOUND UNDER THE HUMAN RESOURCES LINK. THE CONSOLIDATED FINANCIAL STATEMENTS ARE AVAILABLE ON THE UNIVERSITY'S WEBSITE, WHILE THE IRS FORM 990, FORM 990T, AND GOVERNANCE DOCUMENTS ARE MADE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: RELATED ENTITY REVENUE 4,131. POST-RETIREMENT ADJUSTMENT -269,735. CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS 123,429. 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