Civic Intelligence

Union Graduate College

EIN 20-0258004 • 501(c)3 • Schenectady, NY

Profile

To provide professional master's degree programs that equip promising students with the knowledge and competencies employers want and graduates need to shape successful careers. To deliver student-centered programs, taught by committed teacher-scholars, which prepare graduates who think critically, communicate effectively, demonstrate disciplinary excellence, and are socially and ethically responsible. To serve as a model of innovative, professional graduate education, based on strong community partnerships, that offers unique and highly effective programs and that leverage the economic and cultural vibrancy of new york's capital region.approximately 700 students served.

80 Nott TerraceSchenectady, NY 12308

www.uniongraduatecollege.edu

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2016

Liabilities / Revenue

19th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • $1M-$5M nonprofits • Source year 2016

Net Margin

6th percentile

-57%

Higher net margin than 6% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

2nd percentile

-100%

Faster asset growth than 2% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2016

Revenue Growth

6th percentile

-47%

Faster revenue growth than 6% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2016

Assets

Down

$0

Down $13,695,191 (-100%) from 2015

Liabilities

Down

$0

Down $5,324,045 (-100%) from 2015

Net Assets

Down

$0

Down $8,371,146 (-100%) from 2015

Revenue

Down

$2,186,816

Down $5,889,278 (-73%) from 2015

Expenses

Down

$3,429,844

Down $5,208,859 (-60%) from 2015

Net Income

Down

-$1,243,028

Down $680,419 (-121%) from 2015

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$20M$15M$10M$5.0M$0Assets 2010: $15,163,342Liabilities 2010: $7,462,211Net Assets 2010: $7,701,1312010Assets 2011: $15,771,508Liabilities 2011: $7,100,445Net Assets 2011: $8,671,0632011Assets 2012: $15,919,085Liabilities 2012: $6,939,216Net Assets 2012: $8,979,8692012Assets 2013: $15,977,970Liabilities 2013: $6,768,916Net Assets 2013: $9,209,0542013Assets 2014: $15,432,969Liabilities 2014: $6,310,166Net Assets 2014: $9,122,8032014Assets 2015: $13,695,191Liabilities 2015: $5,324,045Net Assets 2015: $8,371,1462015Assets 2016: $0Liabilities 2016: $0Net Assets 2016: $02016

Highlighted filing

2016

Assets$0
Liabilities$0
Net Assets$0

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$10M$5.0M$0-$5.0MExpenses 2010: $7,091,6132010Expenses 2011: $7,231,1302011Expenses 2012: $7,669,8322012Expenses 2013: $8,393,6032013Revenue 2014: $7,661,439Expenses 2014: $8,260,577Net Income 2014: -$599,1382014Revenue 2015: $8,076,094Expenses 2015: $8,638,703Net Income 2015: -$562,6092015Revenue 2016: $2,186,816Expenses 2016: $3,429,844Net Income 2016: -$1,243,0282016

Highlighted filing

2016

Revenue$2,186,816
Expenses$3,429,844
Net Income-$1,243,028

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Sep 1, 2015 to Jan 31, 2016
Signed
Sep 9, 2016
Return Version
2015v2.1
Gross Receipts
$2,216,629
Mission and Program Overview

Mission

To provide professional master's degree programs that equip promising students with the knowledge and competencies employers want and graduates need to shape successful careers. To deliver student-centered programs, taught by committed teacher-scholars, which prepare graduates who think critically, communicate effectively, demonstrate disciplinary excellence, and are socially and ethically responsible. To serve as a model of innovative, professional graduate education, based on strong community partnerships, that offers unique and highly effective programs and that leverage the economic and cultural vibrancy of new york's capital region.approximately 700 students served.

To provide professional master's degree programs that equip promising students with the knowledge and competencies employers want and graduates need to shape successful careers. To deliver student-centered programs, taught by committed teacher-scholars, which prepare graduates who think critically, communicate effectively, demonstrate disciplinary excellence, and are socially and ethically responsible. To serve as a model of innovative, professional graduate education, based on strong community partnerships, that offers unique and highly effective programs and that leverage the economic and cultural vibrancy of new york's capital region.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$6,719,898$0▼ $6,719,898
Investments Other Securities$3,558,338$0▼ $3,558,338
Savings and Temporary Cash Investments$2,621,899$0▼ $2,621,899
Pledges and Grants Receivable$344,783$0▼ $344,783
Prepaid Expenses and Deferred Charges$203,488$0▼ $203,488
Accounts Receivable$32,761$0▼ $32,761
Cash and Non-Interest-Bearing Accounts-$0-
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$13,695,191$0▼ $13,695,191
Other Assets Total$214,024$0▼ $214,024
Liabilities
Tax Exempt Bond Liabilities$5,035,000--
Accounts Payable and Accrued Expenses$160,390--
Deferred Revenue$128,655--
Total Liabilities$5,324,045$0▼ $5,324,045
Net Assets / Fund Balance
Unrestricted Net Assets$7,374,489$0▼ $7,374,489
Permanently Rstr Net Assets$896,657$0▼ $896,657
Temporarily Rstr Net Assets$100,000$0▼ $100,000
Total Net Assets Fund Balance$8,371,146$0▼ $8,371,146
Total Liabilities and Net Assets / Fund Balance$13,695,191$0▼ $13,695,191

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$5,372,251$979,340$6,351,591
Land$1,000,000-$1,000,000
Equipment$285,493$478,123$763,616
Other Land Buildings$12,316-$12,316

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2015$899,907---$899,907
2014$896,657$3,250--$899,907
2013$841,802$54,855--$896,657
2012$755,939$85,863--$841,802
2011$643,111$112,828--$755,939
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Bela MusitsInterim PresidentFT$204,743$23,890$228,633
Joseph McdonaldVP of Finance and OperationsFT$128,729$24,916$153,645

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$240,019
Program Service Revenue
$1,903,988
Investment Income
$18,367
Other Revenue
$24,442
All Other Contributions
$61,650
Change in Net Assets
$-1,243,028

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,918,672
Revenue Not Reported on Financial Statements
$268,144
Revenue Not Reported on Form 990
$-45,436
Other Revenue Adjustments
$268,144
Total Revenue per Audited Statements
$1,873,236
Total Revenue per Form 990
$2,186,816
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,147,838
Other Expenses$1,013,862
Grants and Similar Amounts Paid$268,144
Total Fundraising Expense$5,496
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,500,837$8,467$643$1,509,947
Other Employee Benefits$266,248$12,923-$279,171
Grants to Domestic Individuals$268,144--$268,144
Current Officers, Directors, Trustees, and Key Employees-$159,282-$159,282
Advertising$150,902$3,122-$154,024
Information Technology$125,600$3,780$1,985$131,365
Depreciation Depletion-$110,972-$110,972
Travel$87,993$19,948-$107,941
Payroll Taxes$94,147$7,338-$101,485
Pension Plan Contributions$90,870$7,083-$97,953
Other Expenses$45,524$900$886$45,524
Office Expenses$39,333$3,486-$42,819
Occupancy-$32,838-$32,838
Interest-$29,875-$29,875
Fees for Services Accounting-$28,239-$28,239
Insurance$19,445--$19,445
Fees for Service Investment Mgmnt Fees-$9,932-$9,932
Conferences and Meetings$9,362$171-$9,533
Fees for Services Legal-$7,930-$7,930
All Other Expenses$3,278$1,416-$4,694
Total Functional Expenses$2,953,761$470,587$5,496$3,429,844

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$3,429,844
Total Expenses per Audited Statements$3,174,885
Expenses per Audited Statements$3,161,700
Expenses Not Reported on Financial Statements$268,144
Other Expense Adjustments$268,144
Expenses Not Reported on Form 990$13,185
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Bond Issues

BondIssuerIssuedIssue PricePurpose
ACity of Schenectady Industrial Development Agency2008-01-01$5,700,000To finance acquistion of land and construction of graduate center

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A---$286,427

Bond Financing Compliance

No rebate due
No
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
Yes
Corrective action procedures
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11

The form is sent ot the finance committee for review as the delegated body for governance over financial reporting

Form 990, Part VI, Section B, Line 12C

Each trustee and officer must annually review the conflict of interst policy; disclose any possible personal, family, or business relationship that reasonably could give rise to a conflict involving union graduate college; and acknowledge by his or her signature that he or she is in accordance with the letter and spirit of the policy.

Form 990, Part VI, Section B, Line 15

The process for determining compensation at ugc included using a number of benchmarks in conjunction with our own financial situation to determine a salary that would be attractive and affordable to whoever came in as president. The benchmarks included the previous presidents compensation, the cupa data, and the chronicle of higher education data. The board of trustees search committee then balanced that data with the highest salary they thought the college could afford and used that as our goal in the hiring process.

Form 990, Part VI, Section C, Line 19

Information available upon request.

Filing and Contact Details

Filer

Filer Name
Union Graduate College
EIN
20-0258004
Phone
5186319851
Address
80 NOTT TERRACE, SCHENECTADY, NY 12308

Signing Officer

Name
Bela Musits
Title
Interim President
Phone
5186319851
Signed
2016-09-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Bela Musits
Formed
2003
Legal Domicile
Ny
Voting Board Members
14
Independent Board Members
14
Employees
206
Volunteers
0

Preparer

Firm
Marvin and Company Pc
Address
11 BRITISH AMERICAN BLVD, LATHAM, NY 12110-1405
Preparer
Carol a Hausamann CPA
Phone
5187850134
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Net assets transferred as part of merger agreement with clarkson university -7,069,497.

FORM 990, PART XII, LINE 2C:

The organization has a committee to oversee the financial statement audit and for the selection of the independent auditor. This process has not changed from prior year.

Financial Statement Notes

PART V, LINE 4:

The donors of these assets permit the college to use the investment return on these assets to support program activities.

PART X, LINE 2:

U.s. Generally accepted accounting principles requires college management to evaluate tax positions taken by the college and recognize a tax liability (or asset) if the college has taken an uncertain tax position that more than likely would not be sustained upon the examination by the irs. The college's management has analyzed the tax positions taken by the college, and has concluded that as of january 31, 2016, there are no uncertain tax positions taken or expected to be taken that would require recognition of a liability (or asset) or disclosure in the financial statements. The college is subject to routine audits by taxing jurisdictions, however, thare are currently no audits for any tax periods in progress.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Non cash loss on disposal of equipment 13,185.

PART XI, LINE 4B - OTHER ADJUSTMENTS:

STUDENT AID 268,144.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Non cash loss on disposal of equipment 13,185.

PART XII, LINE 4B - OTHER ADJUSTMENTS:

STUDENT AID 268,144.

Raw XML AppendixShowing 400 of 743 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/TitleTxt1TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt2TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt3TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt4TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt5TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt6TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt7TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt8TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt9TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt10TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt11CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt12SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt13VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt14INTERIM PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt15VP OF FINANCE AND OPERATIONS
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IRS990/FormationYr02003
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IRS990/MissionDesc0TO PROVIDE PROFESSIONAL MASTER'S DEGREE PROGRAMS THAT EQUIP PROMISING STUDENTS WITH THE KNOWLEDGE AND COMPETENCIES EMPLOYERS WANT AND GRADUATES NEED TO SHAPE SUCCESSFUL CAREERS. TO DELIVER STUDENT-CENTERED PROGRAMS, TAUGHT BY COMMITTED TEACHER-SCHOLARS, WHICH PREPARE GRADUATES WHO THINK CRITICALLY, COMMUNICATE EFFECTIVELY, DEMONSTRATE DISCIPLINARY EXCELLENCE, AND ARE SOCIALLY AND ETHICALLY RESPONSIBLE. TO SERVE AS A MODEL OF INNOVATIVE, PROFESSIONAL GRADUATE EDUCATION, BASED ON STRONG COMMUNITY PARTNERSHIPS, THAT OFFERS UNIQUE AND HIGHLY EFFECTIVE PROGRAMS AND THAT LEVERAGE THE ECONOMIC AND CULTURAL VIBRANCY OF NEW YORK'S CAPITAL REGION.APPROXIMATELY 533 STUDENTS SERVED.
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IRS990/OnBehalfOfIssuerInd00
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt12200
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IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd00
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IRS990ScheduleD/BuildingsGrp/DepreciationAmt0979340
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt06351591
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt0899907
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt0899907
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IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt03250
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IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt0643111
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt0112828
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IRS990ScheduleD/ExpensesSubtotalAmt03161700
IRS990ScheduleD/FootnoteTextInd0X
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