efile Public Visual Render
ObjectId: 201901029349301200 - Submission: 2019-04-12
TIN: 04-2105776
Schedule J
(Form 990)
Department of the Treasury
Internal Revenue Service
Compensation Information
For certain Officers, Directors, Trustees, Key Employees, and Highest
Compensated Employees
Complete if the organization answered "Yes" on Form 990, Part IV, line 23.
Attach to Form 990.
Go to
www.irs.gov/Form990
for instructions and the latest information.
OMB No. 1545-0047
20
17
Open to Public Inspection
Name of the organization
ASSUMPTION COLLEGE
Employer identification number
04-2105776
Part I
Questions Regarding Compensation
Yes
No
1a
Check the appropiate box(es) if the organization provided any of the following to or for a person listed on Form
990, Part VII, Section A, line 1a. Complete Part III to provide any relevant information regarding these items.
First-class or charter travel
Housing allowance or residence for personal use
Travel for companions
Payments for business use of personal residence
Tax idemnification and gross-up payments
Health or social club dues or initiation fees
Discretionary spending account
Personal services (e.g., maid, chauffeur, chef)
b
If any of the boxes in line 1a are checked, did the organization follow a written policy regarding payment or reimbursement or provision of all of the expenses described above? If "No," complete Part III to explain
.........
1b
Yes
2
Did the organization require substantiation prior to reimbursing or allowing expenses incurred by all
directors, trustees, officers, including the CEO/Executive Director, regarding the items checked in line 1a?
..
2
Yes
3
Indicate which, if any, of the following the filing organization used to establish the compensation of the
organization's CEO/Executive Director. Check all that apply. Do not check any boxes for methods
used by a related organization to establish compensation of the CEO/Executive Director, but explain in Part III.
Compensation committee
Written employment contract
Independent compensation consultant
Compensation survey or study
Form 990 of other organizations
Approval by the board or compensation committee
4
During the year, did any person listed on Form 990, Part VII, Section A, line 1a, with respect to the filing organization or a related organization:
a
Receive a severance payment or change-of-control payment?
.............
4a
Yes
b
Participate in, or receive payment from, a supplemental nonqualified retirement plan?
.........
4b
Yes
c
Participate in, or receive payment from, an equity-based compensation arrangement?
.........
4c
No
If "Yes" to any of lines 4a-c, list the persons and provide the applicable amounts for each item in Part III.
Only 501(c)(3), 501(c)(4), and 501(c)(29) organizations must complete lines 5-9.
5
For persons listed on Form 990, Part VII, Section A, line 1a, did the organization pay or accrue any
compensation contingent on the revenues of:
a
The organization?
....................
5a
No
b
Any related organization?
.......................
5b
No
If "Yes," on line 5a or 5b, describe in Part III.
6
For persons listed on Form 990, Part VII, Section A, line 1a, did the organization pay or accrue any
compensation contingent on the net earnings of:
a
The organization?
..................
6a
No
b
Any related organization?
......................
6b
No
If "Yes," on line 6a or 6b, describe in Part III.
7
For persons listed on Form 990, Part VII, Section A, line 1a, did the organization provide any nonfixed
payments not described in lines 5 and 6? If "Yes," describe in Part III
............
7
No
8
Were any amounts reported on Form 990, Part VII, paid or accured pursuant to a contract that was
subject to the initial contract exception described in Regulations section 53.4958-4(a)(3)? If "Yes," describe
in Part III
..........................
8
No
9
If "Yes" on line 8, did the organization also follow the rebuttable presumption procedure described in Regulations section 53.4958-6(c)?
.........................
9
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50053T
Schedule J (Form 990) 2017
Page 2
Schedule J (Form 990) 2017
Page
2
Part II
Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees.
Use duplicate copies if additional space is needed.
For each individual whose compensation must be reported on Schedule J, report compensation from the organization on row (i) and from related organizations, described in the
instructions, on row (ii). Do not list any individuals that are not listed on Form 990, Part VII.
Note.
The sum of columns (B)(i)-(iii) for each listed individual must equal the total amount of Form 990, Part VII, Section A, line 1a, applicable column (D) and (E) amounts for that individual.
(A)
Name and Title
(B)
Breakdown of W-2 and/or 1099-MISC compensation
(C)
Retirement and other deferred compensation
(D)
Nontaxable
benefits
(E)
Total of columns
(B)(i)-(D)
(F)
Compensation in column (B) reported as deferred on prior Form 990
(i)
Base
compensation
(ii)
Bonus & incentive
compensation
(iii)
Other
reportable compensation
1
FRANCESCO CESAREO
PRESIDENT
(i)
(ii)
360,004
-------------
0
0
-------------
0
3,612
-------------
0
67,459
-------------
0
57,144
-------------
0
488,219
-------------
0
0
-------------
0
2
TIMOTHY STANTON
VICE PRESIDENT
(i)
(ii)
223,797
-------------
0
0
-------------
0
5,544
-------------
0
21,411
-------------
0
44,121
-------------
0
294,873
-------------
0
0
-------------
0
3
LOUISE CARROLL KEELEY
VICE PRESIDENT
(i)
(ii)
191,845
-------------
0
0
-------------
0
10,668
-------------
0
17,613
-------------
0
11,735
-------------
0
231,861
-------------
0
0
-------------
0
4
EVAN LIPP
VICE PRESIDENT
(i)
(ii)
186,917
-------------
0
0
-------------
0
1,932
-------------
0
17,613
-------------
0
25,626
-------------
0
232,088
-------------
0
0
-------------
0
5
PETER WELLS
TREASURER, VP FINANCE & ADMIN.
(i)
(ii)
182,505
-------------
0
0
-------------
0
1,932
-------------
0
17,103
-------------
0
24,368
-------------
0
225,908
-------------
0
0
-------------
0
6
CATHERINE WOODBROOKS
VICE PRESIDENT
(i)
(ii)
156,404
-------------
0
0
-------------
0
4,736
-------------
0
14,580
-------------
0
12,401
-------------
0
188,121
-------------
0
0
-------------
0
7
MICHAEL GUILFOYLE
EXECUTIVE DIRECTOR
(i)
(ii)
151,501
-------------
0
0
-------------
0
180
-------------
0
13,635
-------------
0
69
-------------
0
165,385
-------------
0
0
-------------
0
8
JOSEPH MORRISON
ASSISTANT PROVOST
(i)
(ii)
138,084
-------------
0
0
-------------
0
774
-------------
0
12,725
-------------
0
22,048
-------------
0
173,631
-------------
0
0
-------------
0
9
DAWN THISTLE
EXECUTIVE DIRECTOR (UNTIL 8/25/17)
(i)
(ii)
119,221
-------------
0
0
-------------
0
27,687
-------------
0
11,373
-------------
0
19,593
-------------
0
177,874
-------------
0
0
-------------
0
10
LEONARD DOERFLER
PROFESSOR
(i)
(ii)
90,462
-------------
0
0
-------------
0
45,221
-------------
0
8,746
-------------
0
23,460
-------------
0
167,889
-------------
0
0
-------------
0
11
TODD DERDERIAN
DIRECTOR OF BUSINESS SERVICES
(i)
(ii)
122,613
-------------
0
0
-------------
0
414
-------------
0
11,592
-------------
0
22,933
-------------
0
157,552
-------------
0
0
-------------
0
Schedule J (Form 990) 2017
Page 3
Schedule J (Form 990) 2017
Page
3
Part III
Supplemental Information
Provide the information, explanation, or descriptions required for Part I, lines 1a, 1b, 3, 4a, 4b, 4c, 5a, 5b, 6a, 6b, 7, and 8, and for Part II. Also complete this part for any additional information.
Return Reference
Explanation
PART I, LINE 1A
THE COLLEGE PROVIDED ON-CAMPUS HOUSING TO FRANCESCO CESAREO, PRESIDENT, WHICH IS NOT TAXABLE PURSUANT TO SEC. 119. THE VALUE OF THE HOUSING IS INCLUDED ON FORM 990, PART VII, COLUMN F AND SCHEDULE J, PART II, COLUMN D. THE PRESIDENT AND TIMOTHY STANTON, VP, RECEIVED COUNTRY CLUB MEMBERSHIP DUES BENEFIT WHICH WERE TREATED AS NONTAXABLE. THEY ARE REPORTED ON FORM 990, PART VII, COLUMN F AND SCHEDULE J, PART II, COLUMN D. THE MEMBERSHIP IS A WORKING CONDITION FRINGE BENEFIT. THE COLLEGE HOLDS FUNDRAISERS AT THE COUNTRY CLUB AND THE PRESIDENT AND VP USE THE MEMBERSHIP FOR CULTIVATING DONORS AND CAPITAL CAMPAIGN RELATED FUNCTIONS.
PART I, LINES 4A-B
PART I, LINE 4A: DAWN THISTLE, EXECUTIVE DIRECTOR, LEFT THE POSITION IN AUGUST 2017. DAWN WAS PAID THROUGH OCTOBER 31, 2017 PLUS 10 WEEKS OF SEVERANCE. SHE RECEIVED $26,697 IN SEVERANCE PAYMENT FOR THE CALENDAR YEAR 2017 AND IT IS REPORTED IN PART II, COLUMN (B)(III).
PART I, LINE 4B
THE COLLEGE HAS ESTABLISHED AN DEFERRED COMPENSATION PLAN UNDER SECTION 457(F) FOR THE PRESIDENT OF THE COLLEGE. THE COLLEGE SHALL CREDIT THE SECTION 457(F) PLAN EACH JANUARY 1ST DURING THE FIVE-YEAR TERM STARTING JULY 1, 2015. ALL ACCRUED DEFERRED COMPENSATION SHALL VEST AND BE PAYABLE ON THE EARLIEST OF DEATH, PERMANENT DISABILITY, TERMINATION WITHOUT CAUSE BY THE COLLEGE, RESIGNATION FOR GOOD REASON, OR COMPLETION OF THE INTIAL TERM OF THE ARRANGEMENT (JUNE 30, 2020). THE AMOUNT THE COLLEGE HAS CONTRIBUTED TO THIS SECTION 457(F) PLAN IN FY18 IS $34,600 AND IT IS REPORTED IN PART II, COLUMN (C).
Schedule J (Form 990) 2017
Additional Data
Software ID:
Software Version: