2026-02-26T13:22:26-06:00 2025-05-31 161131146 BONADIO & CO LLP 100 CORPORATE PARKWAY SUITE 200 AMHERST NY 14226 990 2024-06-01 160743942 CANISIUS UNIVERSITY CANI 7168882132 2001 MAIN STREET BUFFALO NY 14208 ROBERT BAUMET VP FOR FINANCE AND ADMINISTRATION 7168837000 2026-02-25 1 1 JOSEPH PEPLIN P01311564 7162506600 2026-02-25 2024 2025-03-06 01:10:19Z ROBERT BAUMET 2001 MAIN STREET BUFFALO NY 14208 144815437 0 X HTTPS://WWW.CANISIUS.EDU X 1870 NY CANISIUS UNIVERSITY IS A PRIVATE, INDEPENDENT ROMAN CATHOLIC UNIVERSITY, GOVERNED BY AN INDEPENDENT SELF PERPETUATING BOARD OF TRUSTEES UNDER A CHARTER GRANTED BY THE BOARD OF TRUSTEES OF THE UNIVERSITY OF THE STATE OF NEW YORK. ESTABLISHED AS A LIBERAL ARTS COLLEGE, THE UNIVERSITY HAS GROWN TO INCLUDE A GRADUATE DIVISION, A SCHOOL OF BUSINESS ADMINISTRATION, A SCHOOL OF EDUCATION AND HUMAN SERVICES, AND A SUMMER SESSION IN ADDITION TO THE COLLEGE OF ARTS AND SCIENCES. 26 25 1441 39 287515 330717 10639478 16783074 83139709 83558837 1857009 2992957 8135749 7319048 103771945 110653916 37222967 33060254 0 0 37390295 35958557 0 0 2472817 36314596 40853281 110927858 109872092 -7155913 781824 278789656 284356376 62054431 57721902 216735225 226634474 X CANISIUS UNIVERSITY IS A PRIVATE, INDEPENDENT ROMAN CATHOLIC UNIVERSITY, GOVERNED BY AN INDEPENDENT SELF PERPETUATING BOARD OF TRUSTEES UNDER A CHARTER GRANTED BY THE BOARD OF TRUSTEES OF THE UNIVERSITY OF THE STATE OF NEW YORK. ESTABLISHED AS A LIBERAL ARTS COLLEGE, THE UNIVERSITY HAS GROWN TO INCLUDE A GRADUATE DIVISION, A SCHOOL OF BUSINESS ADMINISTRATION, A SCHOOL OF EDUCATION AND HUMAN SERVICES, AND A SUMMER SESSION IN ADDITION TO THE COLLEGE OF ARTS AND SCIENCES. 0 0 61520643 33060254 69507613 EDUCATION/INSTRUCTION - PROVIDE EDUCATION TO 2,451 STUDENTS IN THE FALL AND 2,338 STUDENTS IN THE SPRING SEMESTERS. 22269583 5829933 STUDENT SERVICES - PROVIDE THE NECESSARY SERVICES REQUIRED BY THE STUDENTS ENROLLED IN THE PROGRAMS. 7680470 9283381 RESIDENCE HALLS - PROVIDE ROOM AND BOARD TO ALL RESIDENT STUDENTS AND THOSE STUDENTS WITH MEAL PLANS. 91470696 1 1 0 0 0 1 0 0 0 1 1 1 0 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 0 0 1 0 0 0 0 0 0 0 0 1 424 0 1 1441 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 26 25 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY X X ROBERT BAUMET 7168882132 2001 MAIN STREET BUFFALO NY 14208 BRIAN M MURPHY TRUSTEE - CHAIR 0.50 X X 0 0 0 CINDY L ODOM TRUSTEE - VICE CHAIR 0.50 X X 0 0 0 NANCY W WARE TRUSTEE-EMERITUS (TERM ENDED 6/30/24) 0.50 X 0 0 0 CATHERINE A BOLZ TRUSTEE (TERM ENDED 6/30/24) 0.50 X 0 0 0 CRYSTAL RODRIGUEZ-DABNEY ESQ TRUSTEE 0.50 X 0 0 0 JERRY G CANADA JR TRUSTEE 0.50 X 0 0 0 CHRISTOPHER P DEVINE TRUSTEE (TERM ENDED 6/30/24) 0.50 X 0 0 0 NELSON D CIVELLO TRUSTEE - EMERITUS 0.50 X 0 0 0 NORA E EBERL PLIZGA TRUSTEE 0.50 X 0 0 0 EILEEN CROTTY SENDOR TRUSTEE 0.50 X 0 0 0 JOYSON C THOMAS TRUSTEE 0.50 X 0 0 0 CHRISTOPHER F MALOF TRUSTEE (TERM ENDED 6/30/24) 0.50 X 0 0 0 JACK J DEMPSEY JR TRUSTEE 0.50 X 0 0 0 JAMES R DEUSCHLE TRUSTEE 0.50 X 0 0 0 REV JASON DOWNER SJ EX-OFFICIO 0.50 X 0 0 0 HON LENORA FOOTE-BEAVERS TRUSTEE (TERM ENDED 6/30/24) 0.50 X 0 0 0 FRANCIS M LAZARUS TRUSTEE - EMERITUS 0.50 X 0 0 0 LT COL JAMES E MCNICHOLAS JR TRUSTEE (TERM ENDED 6/30/24) 0.50 X 0 0 0 MARTIN J BERARDI TRUSTEE - CHAIR (TERM ENDED 6/30/24) 0.50 X 0 0 0 REV GERALD THOMAS KRETTEK SJ TRUSTEE 0.50 X 0 0 0 MARGARET W PAROSKI TRUSTEE 0.50 X 0 0 0 REV PATRICK D ROGERS SJ TRUSTEE 0.50 X 0 0 0 MARYA J PROPIS TRUSTEE (TERM ENDED 6/30/24) 0.50 X 0 0 0 VINCENT GILBERT ROUX TRUSTEE 0.50 X 0 0 0 ANTHONY F SHELLEY TRUSTEE (TERM ENDED 6/30/24) 0.50 X 0 0 0 JESANA D GADLEY TRUSTEE 0.50 X 0 0 0 REV THOMAS R SLON SJ TRUSTEE (TERM ENDED 6/30/24) 0.50 X 0 0 0 TIMOTHY T TEVENS TRUSTEE 0.50 X 0 0 0 LAURA A ZAEPFEL TRUSTEE 0.50 X 0 0 0 MICHAEL J TODARO TRUSTEE 0.50 X 0 0 0 CYNTHIA L SKRZYCKI TRUSTEE 0.50 X 0 0 0 ANTHONY B SPADA JR TRUSTEE 0.50 X 0 0 0 THOMAS G SMITH TRUSTEE 0.50 X 0 0 0 LAUREN LEAVY EX-OFFICIO (TERM ENDED 6/30/24) 0.50 X 0 0 0 ANTHONY B HABIB TRUSTEE 0.50 X 0 0 0 REV DANIEL RJ JOYCE SJ TRUSTEE 0.50 X 0 0 0 JARRETT ZIELINSKI TRUSTEE 0.50 X 0 0 0 WILLIAM A LORENZ ESQ EX-OFFICIO 0.50 X 0 0 0 STEVE K STOUTE PRESIDENT 40.00 X 451614 0 47559 LAWRENCE POTTER JR THRU 125 VP - ACADEMIC AFFAIRS 40.00 X 36015 0 10435 ROBERT L BAUMET VP - BUSINESS/FINANCE 40.00 X 105669 0 11783 DR DANIELLE IANNI VP - ENROLLMENT MANAGEMENT 40.00 X 167905 0 7778 SANDRA ESTANEK THRU 924 VP MISSION & IDENTITY 40.00 X 26632 0 0 WILLIAM J MAHER VP ATHLETICS & RECREATION 40.00 X 155457 0 20519 HAROLD FIELDS VP - STUDENT AFFAIRS 40.00 X 145771 0 20348 DIANNA CIVELLO VP INSTITUTIONAL ADVANCEMENT 40.00 X 119058 0 3326 CECELIA GOTHAM CHIEF OF STAFF TO PRESIDENT 40.00 X 94449 0 8132 SPENCER LIECHTY ASSISTANT VP - MISSION INTERGRATION 40.00 X 67784 0 7347 DR IAN J REDPATH PROFESSOR - ACCOUNTING 40.00 X 165868 0 15990 DR JOSEPH O'DONNELL PROFESSOR - ACCOUNTING 40.00 X 172509 0 8100 DR JAMES GOLDSTEIN PROFESSOR - ACCOUNTING 40.00 X 167095 0 19360 TREVOR LARGE MEN'S HOCKEY COACH 40.00 X 162246 0 18918 JAMES CHRISTIAN MEN'S BASKETBALL COACH 40.00 X 194640 0 12316 2232712 0 211911 41 0 1 0 CHARTWELLS EDUCATIONAL DINING SERVICES 81 ST MARY ST TORONTO ONTARIO CA FOOD SERVICES 3172497 MLP PLUMBING AND MECHANICAL INC 3198 UNION RD CHEEKTOWAGA NY 14227 HVAC AND MAINTENANCE SERVICES 835652 ELBERS LANDSCAPE SERVICE INC 2900 MAIN ST BUFFALO NY 14214 LANDSCAPE AND MAINTENANCE SERVICES 727370 GROVE ROOFING SERVICES INC 131 READING ST BUFFALO NY 14220 CONSTRUCTION SERVICES 683775 COMMERCIAL CLEANING SERVICES OF WNY 116 MAIN ST DEPEW NY 14043 CUSTODIAL SERVICES 620736 40 11585 3007412 13764077 1621403 16783074 TUITION AND FEES 611710 71503897 71503897 RESIDENCE HALL - RM & BO 611710 9722379 9722379 FOOD SERVICE/ATHLETICS/BOOKSTORE 611710 2332561 2045046 287515 83558837 470817 470817 87260 0 87260 87260 87260 36649346 34127206 2522140 2522140 2522140 34315 11585 34315 0 NET PROCEEDS FROM INSURANCE CLAIM 611310 5882183 5882183 OTHER INCOME 611310 1349605 1349605 7231788 110653916 84620927 287515 8962400 33060254 33060254 1370354 337243 914053 119058 26795118 20690923 5172731 931464 814262 626702 156676 30884 4871220 3653415 1022956 194849 2107603 1601778 442597 63228 257041 257041 108804 108804 3440040 1312937 1745731 381372 1404357 1330146 46124 28087 542015 426730 104445 10840 66300 66300 804433 675459 112885 16089 1904493 1618819 247584 38090 6210522 5278944 807368 124210 1214286 844088 345912 24286 ACADEMIC SUPPORT 10168831 10168831 MISCELLANEOUS 6637874 6304205 333669 INSTRUCTION 3540222 3540222 INSTITUTIONAL SUPPORT 3375788 2865428 510360 1178275 1178275 109872092 91470696 15928579 2472817 21591855 24348250 1473421 7598709 4836479 6224433 4286940 3924020 260418732 172490061 90844295 87928671 24540166 27350656 123547353 120369297 7669147 6612340 278789656 284356376 8391286 7897389 6315172 4955241 40620690 38523020 180619 155900 6546664 6190352 62054431 57721902 X 69623873 69367301 147111352 157267173 216735225 226634474 278789656 284356376 X 781824 9366019 -248594 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 0 147364503 4153648 12684660 8409532 155793279 142787397 2474407 15616652 8513953 5000000 147364503 155680773 2645936 -2228220 8311092 5000000 142787397 159983803 2854467 1616098 7323595 1450000 155680773 124459540 4656361 39803231 6935329 2000000 159983803 0.06600 0.36030 0.57370 1 0 5455772 5455772 187370515 112249828 75120687 67592445 60240233 7352212 87928671 ALTERNATIVE INVESTMENTS 120369297 F 120369297 DEPOSITS HELD IN CUSTODY 146219 ASSET RETIREMENT OBLIGATION 5523077 OPERATING RIGHT-OF-USE LIABILITY 521056 6190352 86993996 9366019 34315 9400334 77593662 33060254 33060254 110653916 77094747 282909 282909 76811838 33060254 33060254 109872092 PART XI, LINE 2D - OTHER ADJUSTMENTS: DIRECT FUNDRAISING ACTIVITY - $34,315 PART XI, LINE 4B - OTHER ADJUSTMENTS: ENDOWED SCHOLARSHIPS - $6,624,944 INSTITUTIONAL SCHOLARSHIPS AND STUDENT AID - $26,435,310 PART XII, LINE 2D - OTHER ADJUSTMENTS: DIRECT FUNDRAISING ACTIVITY - $34,315 LOSS ON INTEREST RATE SWAP AGREEMENT - $248,594 PART XII, LINE 4B - OTHER ADJUSTMENTS: ENDOWED SCHOLARSHIPS - $6,624,944 INSTITUTIONAL SCHOLARSHIPS AND STUDENT AID - $26,435,310 PART V, LINE 4: THE PREEMINENT FUNCTION OF THE CANISIUS UNIVERSITY ENDOWMENT IS TO SUPPORT THE EDUCATIONAL MISSION OF THE UNIVERSITY BY PROVIDING FINANCIAL RESOURCES TO HELP UNDERWRITE THE EDUCATIONAL NEEDS OF CURRENT AND FUTURE GENERATIONS OF STUDENTS AND TO ENHANCE THE FINANCIAL WELL BEING OF CANISIUS UNIVERSITY. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 CANISIUS UNIVERSITY'S NONDISCRIMINATORY POLICY IS PUBLISHED AT LEAST ANNUALLY IN THEIR NEWSPAPER. THE UNIVERSITY ALSO INCLUDES A STATEMENT OF THIS POLICY IN ALL BROCHURES, CATALOGS AND ADVERTISEMENTS DEALING WITH STUDENT PROGRAMS, ADMISSIONS AND SCHOLARSHIPS. SCHEDULE E, PART I, LINE 6 THE UNIVERSITY RECEIVES FINANCIAL AID FROM VARIOUS FEDERAL AND STATE AGENCIES. THE UNIVERSITY OPERATES UNDER A NONDISCRIMINATORY POLICY, AND DISTRIBUTES FINANCIAL AID IN ACCORDANCE WITH SUCH POLICY. SOUTH ASIA - AFGHANISTAN, BANGLADESH, BHUTAN, INDIA, MALDIVES, NEPAL, 0 0 PROGRAM SERVICES STUDENT RECRUITING, FACULTY TRAVEL AND RESEARCH 6193 CENTRAL AMERICA AND THE CARIBBEAN 0 0 PROGRAM SERVICES FACULTY TRAVEL AND RESEARCH, STUDENT REFUND 106549 SUB-SAHARAN AFRICA - ANGOLA, BENIN, BOTSWANA, BURKINA FASO, 0 0 PROGRAM SERVICES STUDENT RECRUITING, FACULTY TRAVEL AND RESEARCH 14420 NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES 0 0 PROGRAM SERVICES STUDENT RECRUITING, SOFTWARE, PROFESSIONAL SERVICES, STUDENT REFUNDS, STUDENT AND FACULTY TRAVEL 380557 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 PROGRAM SERVICES STUDENT REFUNDS, SOFTWARE, STUDY ABROAD, TRAVEL, STUDENT RECRUITING 245166 EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 0 0 PROGRAM SERVICES STUDY ABROAD, STUDENT REFUND 83563 MIDDLE EAST & NORTH AFRICA 0 0 PROGRAM SERVICES EQUIPMENT 4609 SOUTH AMERICA 0 0 PROGRAM SERVICES FACULTY TRAVEL AND RESEARCH 78 0 0 0 0 0 0 841135 0 841135 1 0 0 1 1 0 PART I, LINE 3: EXPENSES MADE OUTSIDE OF THE UNITED STATES ARE ACCOUNTED FOR ON THE BOOKS OF THE UNIVERSITY. BLUE & GOLD GOLF OUTING 45900 11585 34315 1047 27851 521 4896 0 45900 11585 34315 1047 27851 521 4896 34315 0 1 RESTRICTED SCHOLARSHIPS 5531 6624943 UNRESTRICTED AND INSTITUTIONAL SCHOLARSHIPS, INCLUDING MERIT AND ATHLETIC SHOLARSHIPS 6715 26435311 PART I, LINE 2: THE UNIVERSITY'S FINANCIAL AID OFFICE MAINTAINS ELIGIBILITY REQUIREMENTS AND MONITORS GRANTING OF AWARDS TO STUDENTS AND FOLLOWS U.S. FEDERAL AID REGULATIONS AND ALL STATES' REGULATIONS FOR GRANTS TO ITS STUDENTS. X X 1 1 X X X X 0 0 0 0 0 0 0 0 0 STEVE K STOUTE PRESIDENT 369317 0 0 0 82297 0 0 0 47559 0 499173 0 0 0 JAMES CHRISTIAN MEN'S BASKETBALL COACH 194640 0 0 0 0 0 0 0 12316 0 206956 0 0 0 DR JAMES GOLDSTEIN PROFESSOR - ACCOUNTING 167095 0 0 0 0 0 0 0 19360 0 186455 0 0 0 DR IAN J REDPATH PROFESSOR - ACCOUNTING 165868 0 0 0 0 0 0 0 15990 0 181858 0 0 0 TREVOR LARGE MEN'S HOCKEY COACH 155622 0 0 0 6624 0 0 0 18918 0 181164 0 0 0 DR JOSEPH O'DONNELL PROFESSOR - ACCOUNTING 172509 0 0 0 0 0 0 0 8100 0 180609 0 0 0 WILLIAM J MAHER VP ATHLETICS & RECREATION 154337 0 0 0 1120 0 0 0 20519 0 175976 0 0 0 DR DANIELLE IANNI VP - ENROLLMENT MANAGEMENT 167565 0 0 0 340 0 0 0 7778 0 175683 0 0 0 HAROLD FIELDS VP - STUDENT AFFAIRS 145551 0 0 0 220 0 0 0 20348 0 166119 0 0 0 PART 1, LINE 1A: THE UNIVERSITY PAID FOR HEALTH AND SOCIAL CLUB DUES OR COUNTRY CLUB DUES FOR TWO OF THE OFFICERS/HIGHEST COMPENSATED EMPLOYEES LISTED IN PART VII. THE UNIVERSITY PROVIDED A HOUSING ALLOWANCE FOR AN OFFICER LISTED IN PART VII. CANISIUS WILL ONLY REIMBURSE A BUSINESS EXPENSE WHEN ALL THREE OF THE FOLLOWING IRS REQUIREMENTS ARE MET: 1) THE EXPENSE MUST HAVE BUSINESS CONNECTION (I.E., THE EXPENSES MUST BE INCURRED WHILE PERFORMING SERVICES ON BEHALF OF THE UNIVERSITY), 2) THE EXPENSES MUST BE ADEQUATELY SUBSTANTIATED BY THE EMPLOYEE WITHIN A REASONABLE PERIOD OF TIME; AND 3) THE EMPLOYEE MUST RETURN ANY EXCESS REIMBURSEMENT OF ALLOWANCE WITHIN A REASONABLE PERIOD OF TIME. A PORTION OF THESE DUES WERE TAXABLE BASED ON THE PERCENTAGE OF NON-BUSINESS TO BUSINESS USE FOR EACH EMPLOYEE. THE UNIVERSITY "GROSSED UP" THE APPLICABLE NON-BUSINESS EXPENSES AND INCLUDED IN THE EMPLOYEES' W-2 AS ADDITIONAL TAXABLE COMPENSATION. A DORMITORY AUTHORITY OF THE STATE OF NEW YORK 146000293 000000000 2012-11-09 15162925 REFUND BONDS ISSUED 12/28/2000 0 0 0 B BUFFALO AND ERIE COUNTY INDUSTRIAL LAND DEVELOPMENT CORPORATION 222413596 000000000 2015-10-30 46955000 REFUNDS BONDS ISSUED 3/4/2004, 4/26/2005 AND 12/29/2010 0 0 0 A 9285925 15162925 303258 76326 14783341 1 0 1 1 B 13395000 46955000 420142 416603 46118255 1 0 1 1 A 0 0 0 0 0 1 0.11510 1 0 B 0 0 0 0 0 0 0 A 0 1 0 0 1 1 M&T TRUST COMPANY 10.000000000000 0 0 0 0 0 B 0 1 0 0 1 0 0 0 0 A 0 B 0 X 16 1621403 SALE OF COMPARABLES 0 0 0 SCHEDULE M, PART I, COLUMN (B): THE NUMBER REPORTED IN COLUMN (B) REPRESENTS THE NUMBER OF CONTRIBUTORS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE VICE PRESIDENT FOR FINANCE AND ADMINISTRATION AND HIS STAFF. THE FORM IS PROVIDED TO THE FULL BOARD, INCLUDING THE AUDIT COMMITTEE AND THE PRESIDENT OF THE UNIVERSITY, IN ADVANCE OF THE FORM BEING FILED WITH THE IRS, ALLOWING TIME FOR REVIEW AND COMMENT BY THE FULL BOARD. FORM 990, PART VI, SECTION B, LINE 12C EMPLOYEES MUST SUBMIT A WRITTEN FORM ANNUALLY THAT IS REVIEWED BY THE SECRETARY OF THE BOARD OF TRUSTEES AND ANY CONFLICTS OF INTEREST ARE DISCUSSED WITH EMPLOYEES. FORM 990, PART VI, SECTION B, LINE 15 IN DETERMINING COMPENSATION OF THE ORGANIZATION'S TOP MANAGEMENT OFFICIAL, THE PROCESS INCLUDES HIRING AN INDEPENDENT CONSULTING FIRM, WHO PROVIDES MARKET SURVEYS AND BENCHMARKING TO HELP ASSIST IN THE DECISION MAKING PROCESS. THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES REVIEWS AND APPROVES THE FINAL COMPENSATION AMOUNTS. IN DETERMINING COMPENSATION LEVELS OF OTHER KEY EMPLOYEES, THE UNIVERSITY LOOKS AT MARKET SURVEYS AND BENCHMARKS FROM OTHER AJCU SCHOOLS. THE PRESIDENT DETERMINES AN APPROPRIATE COMPENSATION LEVEL AND REVIEWS IT WITH THE BOARD. FORM 990, PART VI, SECTION C, LINE 18 THE UNIVERSITY'S FORM 990 IS AVAILABLE ON GUIDESTAR.ORG AND UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, FINANCIAL INFORMATION AND OTHER DOCUMENTS OPEN FOR PUBLIC DISCLOSURE ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: LOSS ON INTEREST RATE SWAP AGREEMENT -248,594. FORM 990, PART XII, LINE 2C: THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.