SCHEDULE O
(Form 990 or 990-EZ)

Department of the Treasury
Internal Revenue Service
Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or 990-EZ or to provide any additional information.
MediumBullet Attach to Form 990 or 990-EZ.
MediumBullet Information about Schedule O (Form 990 or 990-EZ) and its instructions is at
www.irs.gov/form990.
OMB No. 1545-0047
2015
Open to Public
Inspection
Name of the organization
Daemen College
 
Employer identification number

16-0759798
Return Reference Explanation
Form 990, Part VI, Section B, Line 11b The Form 990 is reviewed by the Board of Trustees prior to filing.
Form 990, Part VI, Section B, Line 12c The written conflict of interest policy covers employees and trustees. Officers ensure that all of their employees required to submit a Conflict of Interest Statement do so.
Form 990, Part VI, Section B, Line 15 The College's President's compensation is reviewed and approved by the Executive Committee of the Board of Trustees with documentation in the minutes.
Form 990, Part VI, Section C, Line 19 Copies of the governing documents, the conflict of interest policy, and financial statements are made available upon request.
Form 990, Part X, Line 14 During the year ended May 31, 2016, the College changed its method of accounting for deferred bond issuance costs by adopting FASB Accounting Standards Update 2015-03, Interest-Imputation of Interest. Accordingly, bonds, notes payable and capital lease obligations are reported net of deferred bond issuance costs of $2,255,165 and $2,405,510 for the years ended May 31, 2016 and 2015, respectively.
For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.
Cat. No. 51056K
Schedule O (Form 990 or 990-EZ) 2015


Additional Data


Software ID: 15000352
Software Version: v1.00