2024-03-14T17:35:49-05:00 2023-06-30 474526160 EFPR GROUP CPAS PLLC 100 SOUTH CLINTON AVE SUITE 1500 ROCHESTER NY 14604 990 2022-07-01 166054295 KEUKA COLLEGE KEUK 3152795244 141 CENTRAL AVENUE KEUKA PARK NY 14478 ROBERT BAUMET VP OF FINANCE & ADMIN. 3152795238 2024-03-08 1 ROBERT BAUMET XXX-XX-XXXX 1 CHRISTOPHER JOHNSTON P00896198 5854278900 2024-03-08 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z AMY STOREY 141 CENTRAL AVENUE KEUKA PARK NY 14478 54373862 0 X WWW.KEUKA.EDU X 1892 NY TO CREATE EXEMPLARY CITIZENS AND LEADERS TO SERVE THE NATION AND THE WORLD OF THE 21ST CENTURY. 20 19 738 416 87400 0 4736744 8372433 46125086 44618816 934561 345034 482845 244262 52279236 53580545 17166134 16558710 0 0 18955545 20297399 0 0 282045 15428910 15565990 51550589 52422099 728647 1158446 64083545 65442701 28185911 27442544 35897634 38000157 X TO CREATE EXEMPLARY CITIZENS AND LEADERS TO SERVE THE NATION AND THE WORLD OF THE 21ST CENTURY. 0 0 40202635 16558710 44775678 SINCE ITS FOUNDING IN 1890 AS A SPIRITUALLY CENTERED COLLEGE OF LIBERAL ARTS AND PRACTICAL LEARNING, KEUKA COLLEGE HAS GRADUATED GENERATIONS OF HUMANISTS AND SCIENTISTS, CONTRIBUTIVE CITIZENS AND CARING LEADERS; WOMEN AND MEN ENERGETICALLY ENGAGED IN THE ART OF LEADING PRODUCTIVE AND FULFILLING LIVES. KEUKA COLLEGE STUDENTS ARE CHOSEN FOR REASONS OF ABILITY AND CHARACTER, AND DURING THEIR KEUKA COLLEGE YEARS, THEY DEVELOP THOSE ABILITIES, DISCOVER OTHERS THEY DID NOT KNOW THEY HAD, AND TAKE RESPONSIBILITY NOT ONLY OF THE COURSE OF THEIR EDUCATIONS, BUT THE PURSUIT OF THEIR OWN HAPPINESS.KEUKA COLLEGE OFFERS ACCREDITED LIBERAL ARTS-BASED UNDERGRADUATE AND GRADUATE DEGREE PROGRAMS AT ITS HOME CAMPUS AND ACROSS NEW YORK STATE. THE COLLEGE ALSO OPERATES PROGRAMS IN CHINA AND VIETNAM. NURSING, BUSINESS, CRIMINAL JUSTICE, SOCIAL WORK, OCCUPATIONAL THERAPY, PSYCHOLOGY, AND BIOLOGY ARE AMONG THE TOP PROGRAMS IN THE COLLEGE'S PROGRAM PORTFOLIO. 40202635 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 1 1 0 1 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 0 1 0 1 0 0 0 0 0 0 0 0 1 1786 0 1 738 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 20 19 0 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MA MD X PHILIP CATALANO ASSOC VP & CONTROLLER 3152795252 141 CENTRAL AVENUE KEUKA PARK NY 144780098 AMY STOREY PRESIDENT 40.00 X X 335202 0 21012 AMANDA CHU BOARD OF TRUSTEES 1.00 X 0 0 0 DONALD P WERTMAN SECRETARY 1.00 X X 0 0 0 KEITH H FAGAN BOARD OF TRUSTEES 1.00 X 0 0 0 REV ANNE B WAASDORP BOARD OF TRUSTEES 1.00 X 0 0 0 CRYSTAL J GIPS EDD CHAIR 1.00 X X 0 0 0 TWYLA CUMMINGS BOARD OF TRUSTEES 1.00 X 0 0 0 KRISTEN DELUCA BOARD OF TRUSTEES 1.00 X 0 0 0 VALERIE DAVIS-HOWARD BOARD OF TRUSTEES 1.00 X 0 0 0 SUZANNE AQUILINA DNP BOARD OF TRUSTEES 1.00 X 0 0 0 DAN GALE BOARD OF TRUSTEES 1.00 X 0 0 0 JILL S GREGORY BOARD OF TRUSTEES 1.00 X 0 0 0 STEVE SOLOMON BOARD OF TRUSTEES 1.00 X 0 0 0 SUSAN E NORDSTROM BOARD OF TRUSTEES 1.00 X 0 0 0 GENE F PIERCE TREASURER 1.00 X X 0 0 0 JUANITA M HAWKINS BOARD OF TRUSTEES 1.00 X 0 0 0 JEFFREY WRIGHT VICE CHAIR 1.00 X X 0 0 0 LYN FITCH BOARD OF TRUSTEES 1.00 X 0 0 0 ALYSSA LITVAITIS STUDENT TRUSTEE REPRESENTA 1.00 X 0 0 0 JOSIE KELLEY STUDENT TRUSTEE REPRESENTA 1.00 X 2797 0 0 JANET HESLOP BOARD OF TRUSTEES 1.00 X 0 0 0 JOHN PAUL PEREZ BOARD OF TRUSTEES 1.00 X 0 0 0 ROBERT BAUMET VP FINANCE & ADMIN 40.00 X 178595 0 28628 MARK PETRIE VP FOR ENROLLMENT & STUD. 40.00 X 158603 0 3178 BRAD FUSTER PROVOST & VP FOR ACAD AFFAIRS 40.00 X 190656 0 27701 TIMOTHY SELLERS VP IT & AOE 40.00 X 143656 0 23563 PETE BEKISZ VP ENROLLMENT COMM, MKTG 40.00 X 168924 0 15868 CHRIS ALTERIO DEAN, HEALTH & HUMAN SVCS 40.00 X 138328 0 24342 HEATHER MALDONADO VP STUDENT AFFAIRS 40.00 X 145706 0 24715 DAWN GROSSO ASSOC PROFESSOR, MANAGEMENT 40.00 X 141292 0 18823 1603759 0 187830 17 0 1 0 AVI FOODSYSTEMS INC 2590 ELM RD WARREN OH 44483 FOOD SERVICES 2178830 FINGER LAKES PREMIER PROPERTIES INC 142 LAKE STREET PENN YAN NY 14527 PHYSICAL PLANT/HOUSEKEEPING 1880453 KEYPATH EDUCATION LLC 1933 N MEACHAM RD STE 400 SCHAUMBURG IL 60173 ONLINE EDUCATION REVENUE SHARE 1055184 NMS SECURITY SERVICES LLC DEPT 1206 PO BOX 35146 SEATTLE WA 98124 SECURITY SERVICES 452602 OTIS ELEVATOR COMPANY 354 SONWIL DR BUFFALO NY 14225 ELEVATOR MAINTENANCE 263947 18 6424361 1948072 177702 8372433 TUITION & FEES 900099 34101807 34101807 ROOM & BOARD 900099 8338468 8338468 INTERNATIONAL EXPANSION PROGRAMS 900099 2103638 2103638 AUXILIARY ENTERPRISES 531190 74903 36010 38893 44618816 435253 435253 189292 50158 139134 139134 120338 18796 652940 670772 72387 -17832 -72387 -90219 -90219 MISCELLANEOUS FEES 900099 93590 63879 29711 DEFERRED GIVING ARRANGEMENTS 900099 11538 11538 105128 53580545 44775678 87400 345034 16558710 16558710 943575 943575 14999622 10625522 4181562 192538 381510 381510 2744616 1807829 871992 64795 1228076 828470 399606 176974 176974 81250 81250 92646 9466 83180 3958308 2354438 1599808 4062 463362 1670 461692 1626691 765485 850086 11120 33871 33871 3682908 3569387 113521 291180 247399 43246 535 78122 27950 50172 561857 505430 56427 2692964 2422504 270460 560499 560499 MISCELLANEOUS EXPENSES 622436 353039 260402 8995 DUES/MEMBERSHIPS 255271 73901 181370 BAD DEBTS EXPENSE 234701 234701 CREDIT CARD FEES 94904 94904 58046 51435 6611 52422099 40202635 11937419 282045 8250722 10144733 1559572 656117 1435056 1759682 208661 210769 461471 330858 13319 13219 235756 439250 83154367 49303301 34861931 33851066 14935940 15866029 2121117 2170978 64083545 65442701 2209479 2618983 1876921 1734556 20896234 19945054 3203277 3143951 28185911 27442544 X 15579412 16736110 20318222 21264047 35897634 38000157 64083545 65442701 1158446 944077 0 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X 0 16694095 322705 1380205 306723 374536 92646 17623100 18802458 362622 -1741827 289498 339464 100196 16694095 15706631 742946 3505739 417816 648026 87016 18802458 14812264 727881 986026 305826 431461 82253 15706631 14696648 322010 746517 426601 464340 61970 14812264 0.05657 0.72555 0.21788 1 0 45000 45000 1708100 61795592 35231729 28271963 12233095 10685859 1547236 7372580 3385713 3986867 33851066 CONDITIONAL ASSET RETIREMENT OBLIGATION 1621554 DEFERRED COMPENSATION PLAN LIABILITIES 129389 DEFERRED GIVING OBLIGATIONS 530385 REFUNDABLE GOVERNMENT LOAN FUNDS 862623 3143951 X 38016070 944077 50158 994235 37021835 16558710 16558710 53580545 35913547 50158 50158 35863389 16558710 16558710 52422099 PART III, LINE 1A: THE COLLEGE'S COLLECTIONS INCLUDE WORKS OF ART, SCULPTURES, LITERARY WORKS, HISTORICAL TREASURES AND ARTIFACTS THAT ARE MAINTAINED IN THE COLLEGE LIBRARY'S ART GALLERY AND IN VARIOUS LOCATIONS ACROSS CAMPUS. THESE COLLECTIONS ARE PROTECTED AND PRESERVED FOR PUBLIC EXHIBITION AND EDUCATION. EACH OF THE ITEMS IS CATALOGED, PRESERVED AND CARED FOR CONTINUOUSLY. THE COLLECTIONS ARE SUBJECT TO A POLICY THAT REQUIRES PROCEEDS FROM EACH OF THEIR SALES TO BE USED TO ACQUIRE OTHER ITEMS FOR COLLECTIONS. THE COLLEGE HAS NO PLANS TO SELL THESE COLLECTIONS. THE COLLECTIONS, WHICH WERE ACQUIRED THROUGH CONTRIBUTIONS, ARE NOT RECOGNIZED AS ASSETS IN THE STATEMENT OF FINANCIAL POSITION. CONTRIBUTED COLLECTION ITEMS ARE NOT RECORDED IN THE FINANCIAL STATEMENTS. PART III, LINE 4: THE WORKS OF ART, SCULPTURES AND OTHER ITEMS OF COLLECTIBLE SIGNIFICANCE ARE ON EXHIBITION FOR STUDENTS IN AN EFFORT TO ENHANCE THE STUDENT'S KNOWLEDGE AND APPRECIATION OF ART TO FOSTER PERSONAL AND ACADEMIC DEVELOPMENT WHILE VALUING CULTURE AND DIVERSITY. PART V, LINE 4: THE COLLEGE'S ENDOWMENT CONSISTS OF APPROXIMATELY 100 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES. ITS TOTAL ENDOWMENT INCLUDES BOTH DONOR-RESTRICTED ENDOWMENT FUNDS AND FUNDS DESIGNATED BY THE TRUSTEES TO FUNCTION AS ENDOWMENTS. THE COLLEGE HAS ADOPTED INVESTMENT AND SPENDING POLICIES FOR ENDOWMENT ASSETS THAT ATTEMPT TO PROVIDE A PREDICTABLE STREAM OF FUNDING TO PROGRAMS SUPPORTED BY ITS ENDOWMENT WHILE SEEKING TO MAINTAIN PURCHASING POWER OF THE ENDOWMENT ASSETS. PART X, LINE 2: INCOME TAXES - THE COLLEGE IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. HOWEVER, INCOME FROM CERTAIN ACTIVITIES NOT DIRECTLY RELATED TO THE COLLEGE'S TAX-EXEMPT PURPOSE IS SUBJECT TO TAXATION AS UNRELATED BUSINESS INCOME. IN ACCORDANCE WITH ASC 740-10-50, THE COLLEGE RECOGNIZES THE TAX BENEFITS FROM UNCERTAIN TAX POSITIONS ONLY IF IT MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY THE TAXING AUTHORITIES. MANAGEMENT BELIEVES THAT THE COLLEGE IS CURRENTLY OPERATING IN COMPLIANCE WITH THE APPLICABLE REQUIREMENTS OF THE INTERNAL REVENUE CODE. THEREFORE, NO LIABILITY FOR UNRECOGNIZED TAX BENEFITS HAS BEEN INCLUDED ON THE COLLEGE'S FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 50,158. PART XI, LINE 4B - OTHER ADJUSTMENTS: FUNDED & UNFUNDED STUDENT AID 16,558,710. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 50,158. PART XII, LINE 4B - OTHER ADJUSTMENTS: FUNDED & UNFUNDED STUDENT AID 16,558,710. 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 POLICY IS POSTED ON EACH PAGE OF THE COLLEGE WEBSITE. STATEMENTS ARE INCLUDED ON PRINT ADVERTISEMENTS AND PUBLICATIONS. SCHEDULE E, PART I, LINE 6 THE COLLEGE RECEIVES FINANCIAL AID FROM STATE AND FEDERAL AGENCIES (HEOP, TAP AND TITLE IV) THAT IS PASSED TO THE COLLEGE'S STUDENTS. THE COLLEGE FILES THE APPROPRIATE REPORTS WITH THE FEDERAL AUDIT CLEARINGHOUSE AND THE DEPARTMENT OF EDUCATION. REVENUES AND EXPENSES FROM THIS AID ARE CONSIDERED AGENCY FUNDS AND ARE NOT RECORDED AS REVENUES AND EXPENSES OF THE COLLEGE. LINE 6 - EXPLANATION OF GOVERNMENT FINANCIAL AID: SAMHSA GRANT: THE SUBSTANCE ABUSE AND MENTAL HEALTH SERVICES ADMINISTRATION (SAMHSA) IS AN AGENCY WITHIN THE U.S. DEPARTMENT OF HEALTH AND HUMAN SERVICES THAT LEADS PUBLIC HEALTH EFFORTS TO ADVANCE THE BEHAVIORAL HEALTH OF THE NATION. SAMHSA, CENTER FOR MENTAL HEALTH SERVICES (CMHS) ACCEPTED KEUKA COLLEGE'S GRANT APPLICATIONS FOR FISCAL YEAR (FY) 2021 MENTAL HEALTH AWARENESS TRAINING GRANTS (SHORT TITLE: MHAT). THE PURPOSE OF THIS PROGRAM IS TO: (1) TRAIN INDIVIDUALS (E.G., SCHOOL PERSONNEL, EMERGENCY FIRST RESPONDERS, LAW ENFORCEMENT, VETERANS, ARMED SERVICES MEMBERS AND THEIR FAMILIES) TO RECOGNIZE THE SIGNS AND SYMPTOMS OF MENTAL DISORDERS, PARTICULARLY SERIOUS MENTAL ILLNESS (SMI) AND/OR SERIOUS EMOTIONAL DISTURBANCES (SED); (2) ESTABLISH LINKAGES WITH SCHOOL- AND/OR COMMUNITY-BASED MENTAL HEALTH AGENCIES TO REFER INDIVIDUALS WITH THE SIGNS OR SYMPTOMS OF MENTAL ILLNESS TO APPROPRIATE SERVICES; (3) TRAIN EMERGENCY SERVICES PERSONNEL, LAW ENFORCEMENT, FIRE DEPARTMENT PERSONNEL, VETERANS, AND OTHERS TO IDENTIFY PERSONS WITH A MENTAL DISORDER AND EMPLOY CRISIS DE-ESCALATION TECHNIQUES; AND (4) EDUCATE INDIVIDUALS ABOUT RESOURCES THAT ARE AVAILABLE IN THE COMMUNITY FOR INDIVIDUALS WITH A MENTAL DISORDER. IT IS EXPECTED THAT THIS PROGRAM WILL PREPARE AND TRAIN OTHERS ON HOW TO APPROPRIATELY AND SAFELY RESPOND TO INDIVIDUALS WITH MENTAL DISORDERS, PARTICULARLY INDIVIDUALS WITH SMI AND/OR SED. TITLE III GRANT: THE OFFICE OF POSTSECONDARY EDUCATION (AN OFFICE OF THE US DEPARTMENT OF EDUCATION) WORKS TO STRENGTHEN THE CAPACITY OF COLLEGES AND UNIVERSITIES TO PROMOTE REFORM, INNOVATION AND IMPROVEMENT IN POSTSECONDARY EDUCATION, PROMOTE AND EXPAND ACCESS TO POSTSECONDARY EDUCATION AND INCREASE COLLEGE COMPLETION RATES FOR AMERICA'S STUDENTS, AND BROADEN GLOBAL COMPETENCIES THAT DRIVE THE ECONOMIC SUCCESS AND COMPETITIVENESS OF OUR NATION. INSTITUTIONAL SERVICE (IS) ADMINISTERS PROGRAMS AUTHORIZED UNDER TITLE III, TITLE V, AND TITLE VII OF THE HIGHER EDUCATION ACT OF 1965, AS AMENDED. THE AID FOR INSTITUTIONAL DEVELOPMENT PROGRAMS (COMMONLY REFERRED TO AS THE TITLE III PROGRAMS) SUPPORT IMPROVEMENTS IN EDUCATIONAL QUALITY, MANAGEMENT AND FINANCIAL STABILITY AT QUALIFYING POSTSECONDARY INSTITUTIONS. THE PROGRAM (STRENGTHENING INSTITUTIONS PROGRAM) HELPS ELIGIBLE INSTITUTIONS OF HIGHER EDUCATIONS TO BECOME SELF-SUFFICIENT AND EXPAND THEIR CAPACITY TO SERVE LOW-INCOME STUDENTS BY PROVIDING FUNDS TO IMPROVE AND STRENGTHEN THE ACADEMIC QUALITY, INSTITUTIONAL MANAGEMENT, AND FISCAL STABILITY OF ELIGIBLE INSTITUTIONS. EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 7 1 PROGRAM SERVICES EDUCATION INSTRUCTOR 79429 7 1 0 0 7 1 79429 0 79429 0 0 0 0 0 0 PART III ACCOUNTING METHOD: 1 KEUKA GRANTS 939 16558710 BOOK PART I, LINE 2: AWARDING OF INSTITUTIONAL AID IS DRIVEN BY THE AWARD THE STUDENT RECEIVES UPON ENTRANCE TO KEUKA COLLEGE. THE ADMISSIONS AND FINANCIAL AID SCHOLARSHIP COMMITTEE FIRST DETERMINES IF THE STUDENT IS ELIGIBLE FOR MERIT BASED AWARDS. THESE AWARDS ARE BASED ON ACADEMIC AND CO-CURRICULAR ACTIVITIES. EACH STUDENT IS THEN REVIEWED FOR NEED-BASED GRANT FUNDING, CAMPUS BASED AID AND CAMPUS EMPLOYMENT TO DETERMINE ELIGIBILITY. STUDENTS ARE PLACED ON THIS GRID BY USING THE ADMISSION'S SCHOLARSHIP CRITERIA TO DETERMINE THEIR RATING AND THEN THEIR FINANCIAL NEED FACTOR AS DETERMINED BY THE FREE APPLICATION FOR FEDERAL STUDENT AID (FAFSA) FOR THAT ACADEMIC YEAR. STUDENT AWARDS ARE REVIEWED ON A YEARLY BASIS TO DETERMINE THEIR ELIGIBILITY. TYPICALLY A STUDENT AWARD WILL NOT CHANGE UNLESS FINANCIAL NEED OR ACADEMIC PROGRESS CHANGES. TUITION BASED AWARDS WILL INCREASE/DECREASE WITH THE VALUE OF TUITION EACH YEAR. INSTITUTIONAL AID IS PLACED ON THE STUDENTS ACCOUNT TYPICALLY IN TWO EQUAL DISBURSEMENTS (FALL AND SPRING). THESE DISBURSEMENTS ARE NOT RELEASED UNTIL ALL REQUIRED DOCUMENTATION IS COMPLETE IN THE STUDENT'S FILE. DISBURSEMENTS ARE MADE 10 DAYS PRIOR TO THE START OF CLASSES EACH SEMESTER. INSTITUTIONAL GRANTS ARE AWARDED TO TRADITIONAL UNDERGRADUATE, INTERNATIONAL STUDENTS AND A LIMITED NUMBER OF STUDENTS IN THE GRADUATE AND ACCELERATED STUDY PROGRAM. X X 1 1 X X X 0 0 0 0 0 0 0 0 0 AMY STOREY PRESIDENT 324334 0 0 0 10868 0 11936 0 9076 0 356214 0 0 0 BRAD FUSTER PROVOST & VP FOR ACAD AFFAIRS 190656 0 0 0 0 0 5980 0 21721 0 218357 0 0 0 ROBERT BAUMET VP FINANCE & ADMIN 169446 0 0 0 9149 0 7107 0 21521 0 207223 0 0 0 PETE BEKISZ VP ENROLLMENT COMM, MKTG 168924 0 0 0 0 0 6792 0 9076 0 184792 0 0 0 HEATHER MALDONADO VP STUDENT AFFAIRS 145706 0 0 0 0 0 4022 0 20693 0 170421 0 0 0 TIMOTHY SELLERS VP IT & AOE 143656 0 0 0 0 0 5860 0 17703 0 167219 0 0 0 CHRIS ALTERIO DEAN, HEALTH & HUMAN SVCS 138328 0 0 0 0 0 5746 0 18596 0 162670 0 0 0 MARK PETRIE VP FOR ENROLLMENT & STUD. 158603 0 0 0 0 0 808 0 2370 0 161781 0 0 0 DAWN GROSSO ASSOC PROFESSOR, MANAGEMENT 141292 0 0 0 0 0 1712 0 17111 0 160115 0 0 0 PART I, LINE 1A KEUKA COLLEGE PROVIDED THE PRESIDENT A PERSONAL CAR ALLOWANCE OF $7,140 AND PERSONAL CLEANING SERVICES OF $3,728. THESE ITEMS WERE CONSIDERED TAXABLE BENEFITS AND WERE INCLUDED AS WAGE COMPENSATION ON FORM W-2. KEUKA COLLEGE PROVIDED THE VP FOR FINANCE & ADMINISTRATION WITH A HOUSING ALLOWANCE OF $9,149. THIS WAS CONSIDERED A TAXABLE BENEFIT AND WAS INCLUDED AS WAGE COMPENSATION ON FORM W-2. KEUKA COLLEGE PROVIDED THE VP FOR ENROLLMENT & STUDENT DEVELOPMENT WITH A NONTAXABLE HOUSING ALLOWANCE OF $2,370. JOSEPH BURKE FORMER PRESIDENT SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN PREMIUMS X 150000 210769 0 1 1 210769 JOSIE KELLEY STUDENT TRUSTEE REPRESENTATIVE AND SCHOLARSHIP RECIPIENT 27036 SCHOLARSHIPS FINANCIAL AID ALYSSA LITVAITIS STUDENT TRUSTEE REPRESENTATIVE AND SCHOLARSHIP RECIPIENT 20250 SCHOLARSHIPS FINANCIAL AID ALAN STOREY SPOUSE OF THE PRESIDENT OF THE COLLEGE 80665 EMPLOYEE OF THE COLLEGE 0 TERRANCE SPYCHALSKI FATHER OF THE PRESIDENT OF THE COLLEGE 48796 EMPLOYEE OF THE COLLEGE 0 X 1 5177 FMV AT DATE OF DONATION X GEISER DINING COMMONS IMPROVEMENTS 1 170630 ACTUAL X WINE 1 1895 ESTIMATED FAIR MARKE 0 1 1 PART I, LINE 32B: CANANDAIGUA WEALTH STRATEGIES GROUP ACCEPTS AND SELLS STOCK GIFTS GIVEN TO KEUKA COLLEGE THROUGH THEIR DTC SYSTEM. FORM 990, PART VI, SECTION A, LINE 4 ON JUNE 5, 2023, THE ORGANIZATION MADE THE FOLLOWING SIGNIFICANT CHANGES TO ITS BY-LAWS: ARTICLE III, MEMBERSHIP OF BOARD OF TRUSTEES, SECTION 5. VACANCIES. VACANCIES IN ANY TRUSTEE POSITION SHALL BE FILLED BY A VOTE OF THE MAJORITY OF THE BOARD OF TRUSTEES AT ANY REGULAR OR SPECIAL MEETING WITH ELIGIBLE INDIVIDUALS NOMINATED BY THE GOVERNANCE COMMITTEE. A TRUSTEE ELECTED OR APPOINTED TO FILL A VACANCY IN AN UNEXPIRED TERM SHALL HOLD OFFICE UNTIL THE END OF THE TERM WHICH THE TRUSTEE WAS ELECTED OR APPOINTED TO FILL, OR FOR A TERM TO BE DETERMINED BY THE BOARD WHICH ENDS AT AN ANNUAL MEETING, SUBJECT TO THE LIMITATIONS ON TERMS OF OFFICE IN PARAGRAPH (B) OF SECTION 703 OF THE NOT-FOR-PROFIT CORPORATION LAW ("NPCL"), AND UNTIL THE TRUSTEE'S SUCCESSOR IS ELECTED OR APPOINTED AND QUALIFIED. IF THE NUMBER OF REMAINING TRUSTEES IS LESS THAN A QUORUM, THE VACANCY MAY BE FILLED BY THE VOTE OF A MAJORITY OF TRUSTEES THEN IN OFFICE. ARTICLE IV, EMERITUS TRUSTEES: UPON THE RECOMMENDATION OF THE GOVERNANCE COMMITTEE, A TRUSTEE WHO HAS SERVED WITH DISTINCTION FOR A MINIMUM OF THREE (3) TERMS MAY BE ELECTED BY THE BOARD TO SERVE AS AN "EMERITA/EMERITUS TRUSTEE." AN EMERITA/EMERITUS TRUSTEE SHALL SERVE AT THE PLEASURE OF THE BOARD AS A NON-VOTING MEMBER WHO MAY BE INVITED TO, BUT SHALL NOT BE REQUIRED NOR HAVE THE RIGHT TO ATTEND AND SPEAK AT ALL MEETINGS OF THE BOARD OF TRUSTEES, AND/OR TO RECEIVE NOTICES AND MINUTES OF ALL SUCH MEETINGS, IN THE DISCRETION OF THE BOARD CHAIR. AN EMERITA/EMERITUS TRUSTEE SHALL NOT BE CONSIDERED A MEMBER OF THE BOARD OF TRUSTEES FOR QUORUM, VOTING OR ANY OTHER PURPOSE, INCLUDING THE RIGHT TO RECEIVE DOCUMENTS PROVIDED TO THE BOARD OF TRUSTEES, OR ACCESS INFORMATION POSTED ON THE BOARD OF TRUSTEES WEBSITE. ARTICLE VIII, RESPONSIBILITIES OF THE TREASURER OF THE BOARD OF TRUSTEES: THE TREASURER SHALL SERVE AS CHAIR OF THE FINANCE AND INVESTMENT COMMITTEE AND, AS SUCH, WILL WORK IN CONSULTATION WITH THE CHIEF FINANCIAL OFFICER OF THE COLLEGE AND HIS STAFF. ADDITIONALLY, THE TREASURER, ALONG WITH THE FIAC COMMITTEE, SHALL ASSIST THE BOARD OF TRUSTEES WITH OVERSEEING AND MONITORING THE FINANCIAL HEALTH OF THE COLLEGE INCLUDING, BUT NOT LIMITED TO: MAKING RECOMMENDATIONS TO THE BOARD ON MATTERS PERTAINING TO THE COLLEGE'S FISCAL AND FINANCIAL AFFAIRS, BUDGET, BUSINESS OPERATIONS, FUNDRAISING, INVESTMENTS, ENDOWMENT, GIFT ANNUITIES, PHYSICAL PLANT, AND RISK MANAGEMENT. ARTICLE X, MEETINGS, SECTION 5(D) VOTING AND QUORUM. UPDATED PURSUANT TO NCPL SECTION 708(D) EFFECTIVE NOVEMBER 21, 2022 - TRUSTEES WHO ARE PRESENT AT A MEETING BUT NOT PRESENT AT THE TIME OF A VOTE DUE TO A CONFLICT OF INTEREST OR A RELATED PARTY TRANSACTION SHALL BE DETERMINED TO BE PRESENT AT THE TIME OF THE VOTE FOR PURPOSES OF THIS SECTION 5. ARTICLE X, MEETINGS, SECTION 6. PARTICIPATION IN MEETINGS. UPDATED PURSUANT TO NPCL SECTION 708(C) - TRUSTEES MUST PARTICIPATE IN BOARD MEETINGS IN PERSON OR BY TELEPHONE CONFERENCE, VIDEO CONFERENCE, OR SIMILAR COMMUNICATIONS EQUIPMENT UNLESS OTHERWISE PROVIDED IN THE MEETING NOTICE. ARTICLE X, MEETINGS, SECTION 7. ACTION WITHOUT A MEETING. UPDATED PURSUANT TO NPCL SECTION 708(B) EFFECTIVE NOVEMBER 21, 2022 - ANY ACTION REQUIRED OR PERMITTED TO BE TAKEN BY THE BOARD OF TRUSTEES OR BY ANY COMMITTEE THEREOF MAY BE TAKEN WITHOUT A FORMAL MEETING (WHETHER REGULAR OR SPECIAL) IF ALL OF THE TRUSTEES OR COMMITTEE MEMBERS CONSENT TO THE ADOPTION OF A RESOLUTION AUTHORIZING THE ACTION. SUCH ACTIONS MAY BE TAKEN BY MAIL, ELECTRONIC MAIL, OR OTHER ELECTRONIC MEANS AS DECIDED BY THE TRUSTEES. ARTICLE XI, COMMITTEES. SECTION 1. FORMATION OF COMMITTEES. UPDATED TO REFLECT THAT TRUSTEES ARE NOT REQUIRED TO SERVE ACTIVELY ON AT LEAST ONE COMMITTEE UPON ELECTION AS A TRUSTEE. SECTION 4. OFFICER/ADMINISTRATIVE STAFF LIAISONS TO COMMITTEES OF THE BOARD. THE PRESIDENT OF THE COLLEGE MAY APPOINT AN OFFICER OF THE COLLEGE OR A MEMBER OF THE ADMINISTRATIVE STAFF TO SERVE AS A LIAISON BETWEEN COMMITTEES, THE OFFICE OF THE PRESIDENT AND THE BOARD OF TRUSTEES. IN THE EVENT A LIAISON IS APPOINTED, SUCH PERSON SHALL ASSIST THE COMMITTEE IN THE CARRYING OUT OF ITS DUTIES. SECTION 5. EXECUTIVE COMMITTEE. THE BOARD OF TRUSTEES SHALL ESTABLISH AN EXECUTIVE COMMITTEE WHICH SHALL BE A COMMITTEE OF THE BOARD COMPRISED OF NO FEWER THAN FIVE (5) TRUSTEES. THE EXECUTIVE COMMITTEE SHALL BE CHAIRED BY THE CHAIR OF THE BOARD, AND COMPRISED OF THE CHAIR, THE PRESIDENT, VICE CHAIR, SECRETARY, TREASURER AND SUCH OTHER TRUSTEES AS THE BOARD MAY ELECT BY A MAJORITY VOTE OF THE ENTIRE BOARD. THE EXECUTIVE COMMITTEE SHALL HAVE ALL THE AUTHORITY OF THE BOARD TO ACT IN BETWEEN MEETINGS OF THE BOARD (AS DEEMED NECESSARY) EXCEPT AS TO THE MATTERS SET FORTH IN SECTION 2 OF THIS ARTICLE. THE EXECUTIVE COMMITTEE SHALL ALSO ADMINISTER THE COLLEGE'S CONFLICT OF INTEREST AND WHISTLEBLOWER POLICIES. SECTION 6. AUDIT COMMITTEE. THE AUDIT COMMITTEE SHALL BE A COMMITTEE OF THE BOARD COMPOSED OF NO FEWER THAN THREE (3) TRUSTEES, ALL OF WHOM SHALL BE "INDEPENDENT DIRECTORS" AS DEFINED UNDER THE NEW YORK NOT-FOR-PROFIT CORPORATION LAW AND SHALL HAVE A BASIC UNDERSTANDING OF FINANCE AND ACCOUNTING AND BE ABLE TO READ AND UNDERSTAND FINANCIAL STATEMENTS. AT LEAST ONE MEMBER OF THE COMMITTEE SHALL HAVE ACCOUNTING OR RELATED FINANCIAL MANAGEMENT EXPERIENCE. THE AUDIT COMMITTEE SHALL BE RESPONSIBLE FOR OVERSEEING THE ACCOUNTING AND FINANCIAL REPORTING PROCESSES OF THE COLLEGE AND THE AUDIT OF THE COLLEGE'S FINANCIAL STATEMENTS WHICH INCLUDES, BUT IS NOT LIMITED TO, MONITORING, EVALUATING, AND MAKING RECOMMENDATIONS TO THE BOARD CONCERNING THE COLLEGE'S FINANCIAL REPORTING SYSTEM PROCESS, THE COLLEGE'S INTERNAL CONTROLS, THE AUDITOR'S INDEPENDENCE, THE PERFORMANCE OF THE INDEPENDENT AUDITORS, AND OPEN OR POTENTIAL LEGAL MATTERS, IN COMPLIANCE WITH NPCL SECTION 712-A. SECTION 7. FINANCE AND INVESTMENT COMMITTEE. THE FINANCE AND INVESTMENT COMMITTEE SHALL BE A COMMITTEE OF THE COLLEGE COMPOSED OF NO FEWER THAN THREE (3) MEMBERS. THE CHIEF FINANCIAL OFFICER SHALL SERVE AS AN EX OFFICIO NON-VOTING MEMBER OF THE COMMITTEE AND THE TREASURER OF THE BOARD SHALL BE AN EX OFFICIO VOTING MEMBER OF AND SHALL CHAIR THE COMMITTEE. THE COMMITTEE SHALL ASSIST THE BOARD OF TRUSTEES WITH OVERSEEING AND MONITORING THE FINANCIAL HEALTH OF THE COLLEGE INCLUDING MAKE RECOMMENDATIONS TO THE BOARD ON MATTERS PERTAINING TO THE COLLEGE'S FISCAL AND FINANCIAL AFFAIRS, BUDGET, BUSINESS OPERATIONS, FUNDRAISING, INVESTMENTS, ENDOWMENT, GIFT ANNUITIES, PHYSICAL PLANT, AND RISK MANAGEMENT. SECTION 8. GOVERNANCE COMMITTEE. THE GOVERNANCE COMMITTEE SHALL BE A COMMITTEE OF THE COLLEGE COMPOSED OF NO FEWER THAN THREE (3) MEMBERS. THE GOVERNANCE COMMITTEE SHALL BE RESPONSIBLE FOR MATTERS OF GOVERNANCE AND EFFECTIVE FUNCTIONING OF THE BOARD INCLUDING, BUT NOT LIMITED TO, NOMINATING TRUSTEES AND OFFICERS OF THE BOARD FOR ELECTION (OR RE-ELECTION). THE GOVERNANCE COMMITTEE SHALL ALSO BE RESPONSIBLE FOR THE PROFESSIONAL DEVELOPMENT AND PERFORMANCE EVALUATION OF THE PRESIDENT OF THE COLLEGE AND SHALL ASSIST WITH EVALUATING THE PERFORMANCE OF THE BOARD COLLECTIVELY. SECTION 9. STRATEGY AND INNOVATION COMMITTEE. REMOVE SECTION 10. STUDENT EXPERIENCE AND SUCCESS COMMITTEE. REMOVE FORM 990, PART VI, SECTION B, LINE 11B THE CONTROLLER VERIFIES THE ACCURACY OF THE 990 IN DETAIL. IT IS THEN REVIEWED IN DETAIL WITH THE ENTIRE AUDIT COMMITTEE. ALL INDIVIDUALS ARE PROVIDED WITH COPIES OF THE FORM 990. IN ADDITION, THE FULL BOARD REVIEWS THE SALARY DISCLOSURES AND ARE PROVIDED WITH A FINAL COPY OF THE 990. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF TRUSTEES WRITTEN CONFLICT OF INTEREST FORMS ARE SUBMITTED ANNUALLY AND FILED WITH THE EXECUTIVE ASSISTANT TO THE PRESIDENT AND BOARD LIAISON. THE EXECUTIVE COMMITTEE SHALL ADMINISTER THE COLLEGE'S CONFLICT OF INTEREST POLICY. FORM 990, PART VI, SECTION B, LINE 15 THE GOVERNANCE (GOV) COMMITTEE OF THE BOARD EVALUATED THE PRESIDENT BASED ON 6 KEY AREAS THAT THE COMMITTEE AND THE PRESIDENT AGREED UPON. THE GOV THEN RECOMMENDED THE PRESIDENT'S COMPENSATION PLAN ADJUSTMENT TO THE FULL BOARD. THE PRESIDENT ANNUALLY REVIEWS THE PERFORMANCE OF THE VICE PRESIDENTS. ANY SALARY AND COMPENSATION ADJUSTMENTS OF THE VICE PRESIDENTS ARE GRANTED AFTER AN EVALUATION WITH COMPARABLE EXECUTIVE SALARIES OF PEER COLLEGES, WITHIN AN ESTABLISHED RANGE. THE PRESIDENT DETERMINES THE SALARY ADJUSTMENTS AND ANY SALARY ADJUSTMENTS OUTSIDE OF THE COMPARABILITY RANGE MUST BE APPROVED BY THE COMPENSATION AND EXECUTIVE COMMITTEE. ALSO, DURING THE FISCAL YEAR 2009-10, THE COLLEGE LOANED $50,000 TO THE FORMER PRESIDENT OF THE COLLEGE TO COVER THE PREMIUMS ON A SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN (SERP). DURING THE FISCAL YEAR 2010-11, THE COLLEGE LOANED AN ADDITIONAL $100,000 TO THE FORMER PRESIDENT OF THE COLLEGE TO COVER THESE PREMIUMS. UNDER THE TERMS OF THE AGREEMENT, THE COLLEGE WILL RECEIVE THE PRINCIPAL AMOUNT, PLUS INTEREST AFTER THE DEATHS OF BOTH THE FORMER PRESIDENT AND HIS SPOUSE. THE LOAN IS SECURED BY THE INSURANCE POLICY OF THE FORMER PRESIDENT. FORM 990, PART VI, SECTION C, LINE 19 THESE DOCUMENTS ARE AVAILABLE BY REQUEST IN THE COLLEGE BUSINESS OFFICE. FORM 990, PART XII, LINE 2C: THE PROCESS FOR THE REVIEW OF THE AUDIT REPORT HAS NOT CHANGED FROM THE PRIOR YEAR.