Siena University

“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.”

“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.”

“The college president (a franciscan friar), in accordance with the holy name province order of friars minor (ofm), takes a vow of poverty and does not directly receive a salary. Payments to the order are made in lieu of the president's salary. The board of trustees performs a review and approves at regular intervals the performance and compensation of the president. The board utilizes independent external standards such as the college and university personnel association, local market data and internal equity, for the review of the 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.”

“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.”

“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.”

“The college does not make its governing documents, conflict of interest policy, or financial statements available to the public.”

“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 - program service, 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 3109 undergraduates enroll in one of three schools - liberal arts, science, and business - and may choose to pursue study from a total of 27 departments with 31 majors, 63 minors and certificate programs, and professional curricula in secondary education, pre-law, and social work. 56 graduates have enrolled in the masters in accounting program. On average, 158 students study abroad in a given year. Ninety-five percent of siena students enter graduate school or find employment immediately following graduation. Admission to the college is competitive. Of the 764 incoming members of the class of 2020, 25.2 percent graduated in the top ten percent of their high school class and their average sat score was 1092.”

“Actuarial adjustment & provision for uncollectible pledges $ 1,903,208 loss on bond refunding $(2,429,303) total: $ (526,095)”