Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $18,625

• 1e · Government grants (contributions)

  $669,906

• 1f · All other contributions, gifts and grants

  $11,418,406

• 1g · Noncash contributions included above

  $145,422

• 2a · Program service revenue: TUITION AND FEES

  total $87,814,665 · related or exempt $87,814,665

• 2b · Program service revenue: AUXILIARY ENTERPRISES

  total $14,412,038 · related or exempt $14,372,038 · unrelated business $40,000

• 2c · Program service revenue: ATHLETICS GUARANTEED PROCEEDS

  total $1,151,000 · related or exempt $1,151,000

• 2d · Program service revenue: THEATER

  total $66,792 · related or exempt $66,792

• 3 · Investment income

  total $2,760,667 · excluded $2,760,667

• 6a · Gross rents

  real property $100,000

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $100,000

• 6d · Net rental income or loss

  total $100,000 · excluded $100,000

• 7a · Gross sales of assets other than inventory

  securities $25,882,933 · other assets $746,300

• 7b · Less cost or other basis and sales expenses

  securities $26,247,922 · other assets $0

• 7c · Gain or loss

  securities -$364,989 · other assets $746,300

• 7d · Net gain or loss

  total $381,311 · excluded $381,311

• 8a · Fundraising events: gross income

  $15,200

• 8a · Fundraising events: contributions included on line 1c

  $18,625

• 8b · Fundraising events: direct expenses

  $25,309

• 8c · Net income from fundraising events

  total -$10,109 · excluded -$10,109

• 11a · Other revenue: REFUND

  total $457,777 · excluded $457,777

• 11b · Other revenue: FINES AND FEES

  total $105,773 · excluded $105,773

• 11d · All other revenue

  total $960,770 · unrelated business $2,000 · excluded $958,770

• 11e · Other revenue, total

  $1,524,320

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $45,611,800 · program services $45,611,800

• 5 · Compensation of officers, directors and key employees

  total $1,605,278 · program services $598,335 · management and general $1,006,943

• 7 · Other salaries and wages

  total $27,716,115 · program services $20,787,086 · management and general $5,543,222 · fundraising $1,385,807

• 8 · Pension plan contributions

  total $2,261,276 · program services $1,695,957 · management and general $452,255 · fundraising $113,064

• 9 · Other employee benefits

  total $7,511,572 · program services $5,633,679 · management and general $1,502,314 · fundraising $375,579

• 10 · Payroll taxes

  total $2,111,045 · program services $1,583,279 · management and general $422,213 · fundraising $105,553

• 11b · Fees: legal

  total $242,802 · management and general $242,802

• 11c · Fees: accounting

  total $208,966 · management and general $208,966

• 11f · Fees: investment management

  total $332,432 · management and general $332,432

• 11g · Fees: other

  total $1,254,102 · program services $940,577 · management and general $250,820 · fundraising $62,705

• 12 · Advertising and promotion

  total $84,822 · program services $63,617 · management and general $16,964 · fundraising $4,241

• 13 · Office expenses

  total $9,106,253 · program services $9,106,253

• 14 · Information technology

  total $1,021,325 · program services $765,994 · management and general $204,265 · fundraising $51,066

• 16 · Occupancy

  total $5,658,323 · program services $4,243,742 · management and general $1,131,665 · fundraising $282,916

• 17 · Travel

  total $2,102,048 · program services $1,576,536 · management and general $420,410 · fundraising $105,102

• 19 · Conferences, conventions and meetings

  total $265,247 · program services $198,936 · management and general $53,049 · fundraising $13,262

• 20 · Interest

  total $2,533,198 · management and general $2,533,198

• 22 · Depreciation, depletion and amortization

  total $4,556,051 · program services $3,417,038 · management and general $911,210 · fundraising $227,803

• 23 · Insurance

  total $1,133,570 · program services $453,428 · management and general $680,142

• 24a · Other expenses: DINING

  total $5,818,980 · program services $5,818,980

• 24b · Other expenses: SUBSCRIPTIONS

  total $637,151 · program services $477,863 · management and general $127,430 · fundraising $31,858

• 24c · Other expenses: HOSPITALITY

  total $464,194 · program services $348,146 · management and general $92,838 · fundraising $23,210

• 24d · Other expenses: MEMBERSHIPS

  total $324,251 · program services $243,188 · management and general $64,850 · fundraising $16,213

Balance sheet

Part X, book values.

• 2 · Savings and temporary cash investments

  beginning of year $21,965,486 · end of year $14,213,684

• 3 · Pledges and grants receivable

  beginning of year $349,851 · end of year $391,558

• 4 · Accounts receivable

  beginning of year $3,784,139 · end of year $4,453,999

• 7 · Other notes and loans receivable

  beginning of year $1,377,340 · end of year $952,885

• 8 · Inventories for sale or use

  beginning of year $63,394 · end of year $70,344

• 9 · Prepaid expenses and deferred charges

  beginning of year $1,465,685 · end of year $1,539,773

• 10a · Land, buildings and equipment: cost or other basis

  $191,841,523

• 10b · Land, buildings and equipment: accumulated depreciation

  $104,691,122

• 10c · Land, buildings and equipment, net

  beginning of year $68,401,070 · end of year $87,150,401

• 11 · Investments: publicly traded securities

  beginning of year $91,637,755 · end of year $107,714,924

• 12 · Investments: other securities

  beginning of year $11,214,741 · end of year $2,999,329

• 15 · Other assets

  beginning of year $73,632,468 · end of year $59,600,564

• 17 · Accounts payable and accrued expenses

  beginning of year $4,125,592 · end of year $6,756,609

• 19 · Deferred revenue

  beginning of year $17,715,344 · end of year $17,555,557

• 20 · Tax-exempt bond liabilities

  beginning of year $115,912,515 · end of year $115,824,810

• 23 · Secured mortgages and notes payable

  beginning of year $2,496,053 · end of year $2,281,417

• 25 · Other liabilities

  beginning of year $7,970,351 · end of year $7,090,937

• 27 · Net assets without donor restrictions

  beginning of year $31,307,131 · end of year $15,523,193

• 28 · Net assets with donor restrictions

  beginning of year $94,364,943 · end of year $114,054,938

The filer's explanations (Part III)

PART I, LINE 1A

WAGNER COLLEGE PROVIDED HOUSING ON ITS BUSINESS PREMISES FOR THE FOLLOWING EMPLOYEES - ANGELO ARAIMO (PRESIDENT) AND TARSHIA STANLEY (PROVOST AND SENIOR VP); THESE INDIVIDUALS WERE REQUIRED TO ACCEPT HOUSING AS A CONDITION OF THEIR EMPLOYMENT AT THE COLLEGE. THE COLLEGE DEEMED IT NECESSARY FOR THESE TWO INDIVIDUALS TO BE AVAILABLE ALL HOURS OF THE DAV AND NIGHT TO ATTEND ANY URGENT SITUATIONS THAT COULD ARISE AFTER NORMAL BUSINESS HOURS. BOTH INDIVIDUALS ARE CHARGED WITH DUTIES OF SECURITY AND STUDENT WELFARE, SUCH AS CAMPUS HOUSING ISSUES, POWER OUTAGES, INCLEMENT WEATHER ISSUES, AND OTHER EMERGENCY SITUATIONS. THIS BENEFIT WAS NOT TREATED AS TAXABLE COMPENSATION TO ANY EMPLOYEE. THE APPROXIMATE NON-TAXABLE VALUES OF THE HOUSING PROVIDED TO THE EMPLOYEES ARE AS FOLLOWS: ANGELO ARAIMO - $14,385 AND TARSHIA STANLEY - $5,889. WAGNER COLLEGE ALSO PROVIDED SOCIAL CLUB DUES FOR WALTER HAMELINE-VICE PRESIDENT OF INTERCOLLEGIATE ATHLETICS. THESE MEMBERSHIPS ARE FOR BUSINESS PURPOSES ONLY, SPECIFICALLY DONOR DEVELOPMENT AND COLLEGE-RELATED BUSINESS MEETINGS.

PART I, LINE 3

WAGNER COLLEGE'S EXECUTIVE COMMITTEE, WHICH IS COMPRISED OF INDEPENDENT MEMBERS OF THE BOARD OF TRUSTEES, DETERMINES THE COMPENSATION OF THE COLLEGE'S PRESIDENT. BOTH THE EXECUTIVE COMMITTEE AND THE BOARD MUST REVIEW AND APPROVE COMPENSATION. COMPENSATION IS DETERMINED THROUGH REVIEW OF THE FORM 990 OF OTHER COMPARABLE LIKESIZE ORGANIZATIONS. THE EXECUTIVE COMMITTEE ALSO REFERS TO COM PARABLES AND SALARY SURVEYS, MAINLY CUPA, TO DETERMINE THE REASONABLENESS OF THE PROPOSED COMPENSATION AMOUNT. ANY COMPENSATION DETERMINATIONS OF THE EXECUTIVE COMMITTEE ARE RECORDED CONTEMPORANEOUSLY IN THE MINUTES OF THE COMMITTEE.

PART I, LINE 4A

JOEL MARTIN, FORMER PRESIDENT AND TRUSTEE OF WAGNER COLLEGE, RECEIVED A SEVERANCE PAYMENT IN CALENDAR YEAR 2022. THIS AMOUNT IS REFLECTED ON SCHEDULE J, COLUMN (B)(III)

PART II

COLUMN B (BREAKDOWN OF W-2 COMPENSATION) INCLUDES EACH EMPLOYEE'S BASE COMPENSATION IN COLUMN B(I). COLUMN B(III) INCLUDES AMOUNTS FOR TAXABLE GROUP TERM LIFE INSURANCE. COLUMN C (RETIREMENT AND OTHER DEFERRED COMPENSATION) INCLUDES EMPLOYER CONTRIBUTIONS TO RETIREMENT PLANS FOR ALL INDIVIDUALS LISTED. COLUMN D (NONTAXABLE BENEFITS) IS COMPRISED OF A VARIETY OF BENEFITS, INCLUDING EMPLOYER CONTRIBUTIONS TO EMPLOYEE HEALTH PLANS, FLEXIBLE SPENDING ACCOUNT PLAN CONTRIBUTIONS, AND SOCIAL CLUB DUES. ALSO INCLUDED IN THIS TOTAL AS A CONDITION OF EMPLOYMENT, IS THE VALUE OF THE HOUSING PROVIDED BY THE COLLEGE TO THE FORMER PRESIDENT, JOEL MARTIN, AS WELL AS THE COSTS OF HIS ORDINARY HOME UTILITIES (ELECTRIC, GAS, WATER, AND CABLE).