MERCY UNIVERSITY: Form 990, tax year 2022
View the entire original 990 at ProPublica ↗
- Organization
- MERCY UNIVERSITY (EIN 13-1967321)
- Tax period
- 2022-07-01 to 2023-06-30
- Filed
- 2024-05-13
- IRS object ID
- 202431349349303998
- Schema version
- 2022v5.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule E
- Schedule F
- Schedule G
- Schedule I
- Schedule J
- Schedule K
- Schedule M
- Schedule O
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2024-05-13T11:41:05-05:00 | ReturnTs |
| Tax Period End | 2023-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 873707167 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CBIZ MARKS PANETH LLC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 685 THIRD AVENUE | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10017 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2022-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 131967321 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MERCY COLLEGE | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | MERC | BusinessNameControlTxt |
| Phone | 9146747213 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 555 BROADWAY | AddressLine1Txt |
| City | DOBBS FERRY | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10522 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | BRETT CARROLL | PersonNm |
| Person Title | TREASURER/VP FOR FINANCE | PersonTitleTxt |
| Phone | 9146747213 | PhoneNum |
| Signature | 2024-05-15 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | BRETT | PersonFirstNm |
| Person Last | CARROLL | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | Yes (1) | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | MAGDALENA CZERNIAWSKI | PreparerPersonNm |
| PTIN | P00535099 | PTIN |
| Phone | 2125038800 | PhoneNum |
| Preparation | 2024-05-13 | PreparationDt |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 3 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2022 | TaxYr |
| Build TS | 2023-04-26 12:10:37Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | BRETT CARROLL | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 555 BROADWAY | AddressLine1Txt |
| City | DOBBS FERRY | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10522 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $317,019,731 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.MERCY.EDU | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1950 | FormationYr |
| Legal Domicile State | NY | LegalDomicileStateCd |
| Activity Or Mission | EDUCATE STUDENTS IN LIBERAL ARTS, SCIENCES, BUSINESS, EDUCATION AND PROFESSIONAL PROGRAMS. | ActivityOrMissionDesc |
| Voting Members Governing Body | 23 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 19 | VotingMembersIndependentCnt |
| Total Employee | 2523 | TotalEmployeeCnt |
| Total Volunteers | 20 | TotalVolunteersCnt |
| Total Gross UBI | -$397,946 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $38,847,535 | PYContributionsGrantsAmt |
| CY Contributions Grants | $25,777,184 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $170,769,045 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $169,179,632 | CYProgramServiceRevenueAmt |
| PY Investment Income | $28,575,874 | PYInvestmentIncomeAmt |
| CY Investment Income | $6,265,424 | CYInvestmentIncomeAmt |
| PY Other Revenue | $1,274,818 | PYOtherRevenueAmt |
| CY Other Revenue | $1,095,813 | CYOtherRevenueAmt |
| PY Total Revenue | $239,467,272 | PYTotalRevenueAmt |
| CY Total Revenue | $202,318,053 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $47,064,820 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $35,281,915 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $87,984,973 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $89,243,002 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $2,328,052 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $73,970,278 | PYOtherExpensesAmt |
| CY Other Expenses | $71,324,231 | CYOtherExpensesAmt |
| PY Total Expenses | $209,020,071 | PYTotalExpensesAmt |
| CY Total Expenses | $195,849,148 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $30,447,201 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $6,468,905 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $626,665,016 | TotalAssetsBOYAmt |
| Total Assets EOY | $644,977,634 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $230,601,616 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $215,676,669 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $396,063,400 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $429,300,965 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | MERCY COLLEGE IS COMMITTED TO PROVIDING MOTIVATED STUDENTS THE OPPORTUNITY TO TRANSFORM THEIR LIVES THROUGH HIGHER EDUCATION BY OFFERING LIBERAL ARTS AND PROFESSIONAL PROGRAMS IN PERSONALIZED AND HIGH QUALITY LEARNING ENVIRONMENTS, THUS PREPARING (SEE SCHEDULE O) STUDENTS TO EMBARK ON REWARDING CAREERS, TO CONTINUE LEARNING THROUGHOUT THEIR LIVES AND TO ACT ETHICALLY AND RESPONSIBLY IN A CHANGING WORLD. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $156,584,709 | ExpenseAmt |
| Grant | $35,281,915 | GrantAmt |
| Revenue | $169,618,033 | RevenueAmt |
| Desc | MERCY COLLEGE IS A COMPREHENSIVE COLLEGE OFFERING BOTH UNDERGRADUATE AND GRADUATE DEGREE PROGRAMS TO OVER 8,800 STUDENTS. THE COLLEGE HAS THREE CAMPUS LOCATIONS IN NEW YORK CITY AND WESTCHESTER COUNTIES AND ALSO OFFERS ONLINE COURSES THROUGH THE INTERNET. STUDENTS ARE PRIMARILY FROM THE NEW YORK METROPOLITAN AREA. | Desc |
| Total Program Service Expenses | $156,584,709 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | Yes (1) | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | Yes (1) | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | Yes (1) | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | Yes (1) | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (1) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | Yes (1) | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | Yes (1) | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | Yes (1) | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (1) | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | Yes (1) | TaxExemptBondsInd |
| Invest Tax Exempt Bonds | 0 | InvestTaxExemptBondsInd |
| Escrow Account | 0 | EscrowAccountInd |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuerInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | Yes (1) | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | 0 | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 1347 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 2523 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (1) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (1) | Form990TFiledInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | Yes (1) | QuidProQuoContributionsInd |
| Quid Pro Quo Contri Discl | Yes (1) | QuidProQuoContriDisclInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 23 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 19 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BRETT CARROLL TREASURERVP FOR FINANCE | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 9146747213 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 555 BROADWAY | AddressLine1Txt |
| City | DOBBS FERRY | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10522 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (36 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | OfficerOfficerInd | Key EmployeeKeyEmployeeInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|---|
| ALEX FERRARI | ||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| BRUCE J HABER | ||||||||
| VICE CHAIRMAN | 1.00 | Yes (X) | $0 | $0 | $0 | Yes (X) | ||
| CARLOS S PASSI | ||||||||
| TRUSTEE | 1.00 | Yes (X) | $10,300 | $0 | $0 | |||
| CHRISTOPHER SOBECKI | ||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| CINDY V LOPEZ | ||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| DAVID L JOHNSON | ||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| GARY BERNSTEIN | ||||||||
| TRUSTEE | 1.00 | Yes (X) | $43,670 | $0 | $0 | |||
| GREGORY H WILLIAMS | ||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| JAMES B JENKINS | ||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| JAMES M MCCORMICK | ||||||||
| VICE CHAIRMAN | 1.00 | Yes (X) | $0 | $0 | $0 | Yes (X) | ||
| JOHN R THOMPSON | ||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| JOSEPH GANTZ | ||||||||
| CHAIRMAN | 1.00 | Yes (X) | $0 | $0 | $0 | Yes (X) | ||
| JOSEPH P CARLUCCI ESQ | ||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| MARLENE M TUTERA | ||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| MELISSA ENCARNACAO BATTISTA | ||||||||
| TRUSTEE (OUTGOING) | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| MICHAEL F HAYES | ||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| MICHELE A QUIROLO | ||||||||
| TRUSTEE | 1.00 | Yes (X) | $27,800 | $0 | $0 | |||
| PATRICIA BLACKMAR | ||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| RICHARD AKS | ||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| ROBERT H NIEHAUS | ||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| SARAH A O'CONNOR ESQ | ||||||||
| TRUSTEE | 1.00 | Yes (X) | $6,950 | $0 | $0 | |||
| SUSAN M MAKLARI | ||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| TIMOTHY L HALL | ||||||||
| PRESIDENT | 40.00 | Yes (X) | $757,418 | $0 | $229,013 | Yes (X) | ||
| VALERIE MASON CUNNINGHAM | ||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| BRETT CARROLL | ||||||||
| CHIEF FINANCIAL OFFICER | 40.00 | $327,949 | $0 | $26,017 | Yes (X) | |||
| JESSICA L HABER | ||||||||
| CHIEF OF STAFF | 40.00 | $265,225 | $0 | $37,344 | Yes (X) | |||
| NARDA A ROMERO | ||||||||
| CONTROLLER & ASSISTANT TREASURER | 40.00 | $207,350 | $0 | $2,211 | Yes (X) | |||
| ADAM J CASTRO | ||||||||
| VP ADMISSIONS | 40.00 | $298,779 | $0 | $34,959 | Yes (X) | |||
| PETER H WEST | ||||||||
| INTERIM PROVOST | 40.00 | $253,364 | $0 | $19,350 | Yes (X) | |||
| THOMAS SIMMONDS | ||||||||
| VP OPERATIONS & FACILITES | 40.00 | $308,102 | $0 | $67,691 | Yes (X) | |||
| EVA FERNANDEZ | ||||||||
| PROVOST | 40.00 | $163,146 | $0 | $0 | Yes (X) | |||
| BERNADETTE WADE | ||||||||
| CHIEF ADVANCEMENT OFFICER | 40.00 | $245,075 | $0 | $40,804 | Yes (X) | |||
| CAMILLE SHELLEY | ||||||||
| CHIEF INFORMATION OFFICER | 40.00 | $261,947 | $0 | $56,014 | Yes (X) | |||
| KEVIN JOYCE | ||||||||
| VP STUDENT AFFAIRS | 40.00 | $270,617 | $0 | $45,921 | Yes (X) | |||
| KRISTIN BURKE | ||||||||
| GENERAL COUNSEL | 40.00 | $242,579 | $0 | $55,978 | Yes (X) | |||
| LLOYD GIBSON | ||||||||
| DEAN SCHOOL OF BUSINESS | 40.00 | $248,362 | $0 | $44,724 | Yes (X) | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $3,938,633 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $660,026 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 142 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| FAMILIAR CREATURES LLC | |||||
| 2915 W LEIGH ST STE A | RICHMOND | VA | 23230 | ADVERTISING SERVICES | $350,632 |
| PRESIDIO NETWORKED SOLUTIO | |||||
| PO BOX 677638 | DALLAS | TX | 75267 | CLOUD SECURITY CONSULTANTS | $285,703 |
| AI MEDIA GROUP LLC | |||||
| 1359 BROADWAY FL 3 | NEW YORK | NY | 10018 | MEDIA CONSULTANT | $259,368 |
| GREYCASTLE SECURITY II LL | |||||
| 185 JORDON RD | TROY | NY | 12180 | CLOUD SECURITY CONSULTANTS | $181,183 |
| NY TENT LLC | |||||
| 1401 LAKELAND AVE | BOHEMIA | NY | 11716 | EVENT RENTAL COMPANY | $165,483 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 9 | CntrctRcvdGreaterThan100KCnt |
| Fundraising | $400,306 | FundraisingAmt |
| Government Grants | $22,510,006 | GovernmentGrantsAmt |
| All Other Contributions | $2,866,872 | AllOtherContributionsAmt |
| Noncash Contributions | $190,682 | NoncashContributionsAmt |
| Total Contributions | $25,777,184 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| GROSS TUITION & FEES | 900099 | $159,933,083 | $159,933,083 |
| AUXILIARY INCOME | 900099 | $9,246,549 | $9,246,549 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $169,179,632 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $3,359,899 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | -$398,132 | UnrelatedBusinessRevenueAmt |
| Exclusion | $3,758,031 | ExclusionAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $699,747 | RealAmt |
Less Rental Expenses LessRentalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $0 | RealAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $699,747 | RealAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $699,747 | TotalRevenueColumnAmt |
| Exclusion | $699,747 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $117,485,712 | SecuritiesAmt |
| Other | $29,886 | OtherAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $114,604,124 | SecuritiesAmt |
| Other | $5,949 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $2,881,588 | SecuritiesAmt |
| Other | $23,937 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $2,905,525 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $23,937 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $186 | UnrelatedBusinessRevenueAmt |
| Exclusion | $2,881,402 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fundraising Gross Income | $49,270 | FundraisingGrossIncomeAmt |
| Contri Rpt Fundraising Event | $400,306 | ContriRptFundraisingEventAmt |
| Fundraising Direct Expenses | $91,605 | FundraisingDirectExpensesAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$42,335 | TotalRevenueColumnAmt |
| Exclusion | -$42,335 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| OTHER | 900099 | $248,777 | $248,777 |
| ATHLETIC INCOME | 900099 | $177,687 | $177,687 |
| ATHLETIC ROYALTIES | 900099 | $11,878 | $11,878 |
Miscellaneous Revenue MiscellaneousRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $59 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $59 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $438,401 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $202,318,053 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $169,641,970 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | -$397,946 | UnrelatedBusinessRevenueAmt |
| Exclusion | $7,296,845 | ExclusionAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $35,281,915 | TotalAmt |
| Program Services | $35,281,915 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,729,115 | TotalAmt |
| Management And General | $2,729,115 | ManagementAndGeneralAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $68,087,223 | TotalAmt |
| Program Services | $59,164,566 | ProgramServicesAmt |
| Management And General | $7,701,409 | ManagementAndGeneralAmt |
| Fundraising | $1,221,248 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,594,798 | TotalAmt |
| Program Services | $2,987,903 | ProgramServicesAmt |
| Management And General | $530,926 | ManagementAndGeneralAmt |
| Fundraising | $75,969 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $9,295,844 | TotalAmt |
| Program Services | $7,478,530 | ProgramServicesAmt |
| Management And General | $1,627,170 | ManagementAndGeneralAmt |
| Fundraising | $190,144 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,536,022 | TotalAmt |
| Program Services | $4,396,375 | ProgramServicesAmt |
| Management And General | $1,027,867 | ManagementAndGeneralAmt |
| Fundraising | $111,780 | FundraisingAmt |
Fees For Services Management FeesForServicesManagementGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $7,722,602 | TotalAmt |
| Program Services | $4,047,044 | ProgramServicesAmt |
| Management And General | $3,556,495 | ManagementAndGeneralAmt |
| Fundraising | $119,063 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $273,678 | TotalAmt |
| Management And General | $273,678 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $269,200 | TotalAmt |
| Management And General | $269,200 | ManagementAndGeneralAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,346,082 | TotalAmt |
| Management And General | $1,346,082 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,769,381 | TotalAmt |
| Program Services | $1,735,796 | ProgramServicesAmt |
| Management And General | $982,519 | ManagementAndGeneralAmt |
| Fundraising | $51,066 | FundraisingAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,419,831 | TotalAmt |
| Management And General | $3,461,361 | ManagementAndGeneralAmt |
| Fundraising | -$41,530 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,627,059 | TotalAmt |
| Program Services | $1,760,426 | ProgramServicesAmt |
| Management And General | $820,738 | ManagementAndGeneralAmt |
| Fundraising | $45,895 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,661,360 | TotalAmt |
| Program Services | $3,953,132 | ProgramServicesAmt |
| Management And General | $2,599,031 | ManagementAndGeneralAmt |
| Fundraising | $109,197 | FundraisingAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $14,779,196 | TotalAmt |
| Program Services | $13,350,074 | ProgramServicesAmt |
| Management And General | $1,282,846 | ManagementAndGeneralAmt |
| Fundraising | $146,276 | FundraisingAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,217,461 | TotalAmt |
| Program Services | $829,127 | ProgramServicesAmt |
| Management And General | $386,031 | ManagementAndGeneralAmt |
| Fundraising | $2,303 | FundraisingAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $485,796 | TotalAmt |
| Program Services | $330,842 | ProgramServicesAmt |
| Management And General | $154,035 | ManagementAndGeneralAmt |
| Fundraising | $919 | FundraisingAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,027,840 | TotalAmt |
| Program Services | $1,845,334 | ProgramServicesAmt |
| Management And General | $162,227 | ManagementAndGeneralAmt |
| Fundraising | $20,279 | FundraisingAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $10,240,654 | TotalAmt |
| Program Services | $9,318,996 | ProgramServicesAmt |
| Management And General | $819,251 | ManagementAndGeneralAmt |
| Fundraising | $102,407 | FundraisingAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,212,843 | TotalAmt |
| Management And General | $1,212,843 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| SUPPLIES AND SERVICES | $7,302,431 | $4,893,453 | $2,281,404 | $127,574 |
| MAINTENANCE | $2,980,256 | $2,643,584 | $307,947 | $28,725 |
| BAD DEBT | $2,660,429 | $2,660,429 | ||
| STUDENT FOOD SERVICES | $2,423,811 | $2,423,811 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $904,321 | TotalAmt |
| Program Services | $143,801 | ProgramServicesAmt |
| Management And General | $743,783 | ManagementAndGeneralAmt |
| Fundraising | $16,737 | FundraisingAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $195,849,148 | TotalAmt |
| Program Services | $156,584,709 | ProgramServicesAmt |
| Management And General | $36,936,387 | ManagementAndGeneralAmt |
| Fundraising | $2,328,052 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $19,350,678 | BOYAmt |
| EOY | $33,653,372 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $10,540,435 | BOYAmt |
| EOY | $17,934,220 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $23,862,967 | BOYAmt |
| EOY | $7,635,843 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $14,827,533 | BOYAmt |
| EOY | $15,318,880 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $349,656 | BOYAmt |
| EOY | $320,834 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,505,494 | BOYAmt |
| EOY | $1,269,120 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $210,693,516 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $102,691,520 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $109,638,112 | BOYAmt |
| EOY | $108,001,996 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $185,134,245 | BOYAmt |
| EOY | $208,524,439 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $109,280,675 | BOYAmt |
| EOY | $109,010,261 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $150,175,221 | BOYAmt |
| EOY | $143,308,669 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $626,665,016 | BOYAmt |
| EOY | $644,977,634 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $12,037,328 | BOYAmt |
| EOY | $7,990,540 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $8,598,932 | BOYAmt |
| EOY | $5,226,273 | EOYAmt |
Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $48,258,054 | BOYAmt |
| EOY | $47,101,031 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $161,707,302 | BOYAmt |
| EOY | $155,358,825 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $230,601,616 | BOYAmt |
| EOY | $215,676,669 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $376,703,802 | BOYAmt |
| EOY | $407,942,829 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $19,359,598 | BOYAmt |
| EOY | $21,358,136 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $396,063,400 | BOYAmt |
| EOY | $429,300,965 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $626,665,016 | BOYAmt |
| EOY | $644,977,634 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $6,468,905 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $26,481,798 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | $286,862 | OtherChangesInNetAssetsAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | Yes (1) | FederalGrantAuditRequiredInd |
| Federal Grant Audit Performed | Yes (1) | FederalGrantAuditPerformedInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School | Yes (X) | SchoolInd |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
Art Public Exhibition Amounts ArtPublicExhibitionAmountsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Assets Included | $174,270 | AssetsIncludedAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Collection Used Pub Exhibition | Yes (X) | CollectionUsedPubExhibitionInd |
| Solicited Assets Sale | 0 | SolicitedAssetsSaleInd |
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $295,698,647 | BeginningYearBalanceAmt |
| Contributions | $658,535 | ContributionsAmt |
| Investment Earnings Or Losses | $31,329,512 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $549,322 | GrantsOrScholarshipsAmt |
| Administrative Expenses | $1,345,834 | AdministrativeExpensesAmt |
| End Year Balance | $325,791,538 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $321,745,463 | BeginningYearBalanceAmt |
| Contributions | $6,190,017 | ContributionsAmt |
| Investment Earnings Or Losses | -$23,110,333 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $7,945,114 | GrantsOrScholarshipsAmt |
| Administrative Expenses | $1,181,386 | AdministrativeExpensesAmt |
| End Year Balance | $295,698,647 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $249,360,142 | BeginningYearBalanceAmt |
| Contributions | $703,397 | ContributionsAmt |
| Investment Earnings Or Losses | $72,820,500 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $336,395 | GrantsOrScholarshipsAmt |
| Administrative Expenses | $802,181 | AdministrativeExpensesAmt |
| End Year Balance | $321,745,463 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $255,751,263 | BeginningYearBalanceAmt |
| Contributions | $129,352 | ContributionsAmt |
| Investment Earnings Or Losses | $1,436,677 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $6,984,837 | GrantsOrScholarshipsAmt |
| Administrative Expenses | $972,313 | AdministrativeExpensesAmt |
| End Year Balance | $249,360,142 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $245,533,842 | BeginningYearBalanceAmt |
| Contributions | $717,818 | ContributionsAmt |
| Investment Earnings Or Losses | $10,526,436 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $99,292 | GrantsOrScholarshipsAmt |
| Administrative Expenses | $927,541 | AdministrativeExpensesAmt |
| End Year Balance | $255,751,263 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated Balance EOY | 0.95025 | BoardDesignatedBalanceEOYPct |
| Prmnnt Endowment Balance EOY | 0.03865 | PrmnntEndowmentBalanceEOYPct |
| Term Endowment Balance EOY | 0.01110 | TermEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | Yes (1) | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | 0 | EndowmentsHeldRelatedOrgInd |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $13,750,336 | OtherCostOrOtherBasisAmt |
| Book Value | $13,750,336 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $129,469,559 | OtherCostOrOtherBasisAmt |
| Depreciation | $55,392,497 | DepreciationAmt |
| Book Value | $74,077,062 | BookValueAmt |
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $22,713,532 | OtherCostOrOtherBasisAmt |
| Depreciation | $17,085,163 | DepreciationAmt |
| Book Value | $5,628,369 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $38,790,714 | OtherCostOrOtherBasisAmt |
| Depreciation | $30,213,860 | DepreciationAmt |
| Book Value | $8,576,854 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $5,969,375 | OtherCostOrOtherBasisAmt |
| Book Value | $5,969,375 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $108,001,996 | TotalBookValueLandBuildingsAmt |
Other Securities OtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | LP INTERESTS | Desc |
| Book Value | $109,010,261 | BookValueAmt |
| Method Valuation | F | MethodValuationCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Securities | $109,010,261 | TotalBookValueSecuritiesAmt |
Other Assets Org OtherAssetsOrgGrp (3 entries)
| DescDesc | Book ValueBookValueAmt |
|---|---|
| DEPOSITS HELD BY BOND TRUSTEES | $971,807 |
| VENDOR DEPOSITS | $15,270 |
| OPERATING LEASE RIGHT-OF-USE ASSETS | $142,321,592 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | $143,308,669 | TotalBookValueOtherAssetsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (3 entries)
| DescDesc | AmtAmt |
|---|---|
| ADVANCES FROM FEDERAL GOVERNMENT FOR STUDENT LOANS | $1,167,263 |
| CONDITIONAL ASSET RETIREMENT OBLIGATION | $3,118,827 |
| LEASE RIGHT TO USE ASSETS | $151,072,735 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $155,358,825 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $192,550,321 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | $26,481,798 | NetUnrealizedGainsInvstAmt |
| Other Revenue | -$34,995,053 | OtherRevenueAmt |
| Revenue Not Reported | -$8,513,255 | RevenueNotReportedAmt |
| Revenue Subtotal | $201,063,576 | RevenueSubtotalAmt |
| Investment Expenses Not Incld | $1,346,082 | InvestmentExpensesNotIncldAmt |
| Other Revenues Not Included | -$91,605 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | $1,254,477 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $202,318,053 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $159,312,756 | TotExpnsEtcAuditedFinclStmtAmt |
| Other Expenses Included | $91,605 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $91,605 | ExpensesNotReportedAmt |
| Expenses Subtotal | $159,221,151 | ExpensesSubtotalAmt |
| Investment Expenses Not Incld2 | $1,346,082 | InvestmentExpensesNotIncld2Amt |
| Other Expenses Not Included | $35,281,915 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $36,627,997 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $195,849,148 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (6 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART V, LINE 4: | PERMANENTLY RESTRICTED NET ASSETS ARE RESTRICTED TO INVESTMENT IN PERPETUITY WITH INVESTMENT RETURN PRINCIPALLY AVAILABLE FOR SCHOLARSHIPS. |
| PART X, LINE 2: | THE COLLEGE BELIEVES IT HAS NO UNCERTAIN TAX POSITIONS AS OF JUNE 30, 2023 AND 2022 IN ACCORDANCE WITH ACCOUNTING STANDARDS CODIFICATION ("ASC") TOPIC 740, "INCOME TAXES," WHICH PROVIDES STANDARDS FOR ESTABLISHING AND CLASSIFYING ANY TAX PROVISIONS FOR UNCERTAIN TAX POSITIONS. |
| PART XI, LINE 2D - OTHER ADJUSTMENTS: | SCHOLARSHIPS -35,281,915. GAIN (LOSS) ON INTEREST RATE SWAPS 286,862. |
| PART XI, LINE 4B - OTHER ADJUSTMENTS: | DIRECT FUNDRASING EXPENSES -91,605. |
| PART XII, LINE 2D - OTHER ADJUSTMENTS: | DIRECT FUNDRASING EXPENSES 91,605. |
| PART XII, LINE 4B - OTHER ADJUSTMENTS: | SCHOLARSHIPS 35,281,915. |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | Yes (1) | NondiscriminatoryPolicyStmtInd |
| Policy Stmt In Brochures Etc | Yes (1) | PolicyStmtInBrochuresEtcInd |
| Plcy Pblczd Via Broadcast Media | Yes (1) | PlcyPblczdViaBroadcastMediaInd |
| Maintain Racial Comp Recs | Yes (1) | MaintainRacialCompRecsInd |
| Maintain Scholarships Recs | Yes (1) | MaintainScholarshipsRecsInd |
| Maintain Cpy Of Brochures Etc | Yes (1) | MaintainCpyOfBrochuresEtcInd |
| Maintain Cpy Of All Sol | Yes (1) | MaintainCpyOfAllSolInd |
| Discriminate Race Stdnts Rghts | 0 | DiscriminateRaceStdntsRghtsInd |
| Discriminate Race Admiss Plcy | 0 | DiscriminateRaceAdmissPlcyInd |
| Discriminate Race Emplm Fculty | 0 | DiscriminateRaceEmplmFcultyInd |
| Discriminate Race Schs | 0 | DiscriminateRaceSchsInd |
| Discriminate Race Educ Plcy | 0 | DiscriminateRaceEducPlcyInd |
| Discriminate Race Use Of Fclts | 0 | DiscriminateRaceUseOfFcltsInd |
| Discriminate Race Athlt Prog | 0 | DiscriminateRaceAthltProgInd |
| Discriminate Race Other Acty | 0 | DiscriminateRaceOtherActyInd |
| Government Financial Aid Rcvd | Yes (1) | GovernmentFinancialAidRcvdInd |
| Government Financial Aid Rvkd | 0 | GovernmentFinancialAidRvkdInd |
| Compliance With Rev Proc7550 | Yes (1) | ComplianceWithRevProc7550Ind |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| SCHEDULE E, PART I, LINE 3 | MERCY COLLEGE HAS PUBLICIZED ITS RACIALLY NONDISCRIMINATORY POLICY THROUGH NEWSPAPER AND/OR BROADCAST MEDIA DURING THE PERIOD OF SOLICITATION IN A WAY THAT MADE THE POLICY KNOWN TO ALL PARTS OF THE GENERAL COMMUNITY IT SERVES. THE COLLEGE IS RECOGNIZED AS A MINORITY SERVING INSTITUTION. |
| SCHEDULE E, PART I, LINE 6 | MERCY COLLEGE RECEIVES FUNDS FROM OR PERFORMS ADMINISTRATIVE DUTIES FOR VARIOUS FEDERAL AND STATE GOVERNMENTAL AGENCIES UNDER THEIR RESPECTIVE STUDENT FINANCIAL AID ASSISTANCE PROGRAMS. FEDERAL PROGRAMS INCLUDE THE PELL GRANT PROGRAM, SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANT (SEOG) PROGRAM, COLLEGE WORK STUDY (CWS) PROGRAM AND VARIOUS LOAN PROGRAMS. |
Schedule F IRS990ScheduleF
Account Activities Outside US AccountActivitiesOutsideUSGrp (2 entries)
| RegionRegionTxt | OfficesOfficesCnt | EmployeeEmployeeCnt | Type Of Activities ConductedTypeOfActivitiesConductedTxt | Specific Services ProvidedSpecificServicesProvidedTxt | Region Total ExpendituresRegionTotalExpendituresAmt |
|---|---|---|---|---|---|
| CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, | 0 | 0 | INVESTMENTS | INVESTMENTS | $67,418,406 |
| EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM | 0 | 0 | INVESTMENTS | INVESTMENTS | $906,757 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Offices | 0 | SubtotalOfficesCnt |
| Subtotal Employees | 0 | SubtotalEmployeesCnt |
| Continuation Total Office | 0 | ContinuationTotalOfficeCnt |
| Continuation Total Employee | 0 | ContinuationTotalEmployeeCnt |
| Total Office | 0 | TotalOfficeCnt |
| Total Employee | 0 | TotalEmployeeCnt |
| Subtotal Spent | $68,325,163 | SubtotalSpentAmt |
| Continuation Spent | $0 | ContinuationSpentAmt |
| Total Spent | $68,325,163 | TotalSpentAmt |
| Transfer To Foreign Corp | 0 | TransferToForeignCorpInd |
| Interest In Foreign Trust | 0 | InterestInForeignTrustInd |
| Foreign Corp Ownership | 0 | ForeignCorpOwnershipInd |
| Passive Foreign Investmest Co | 0 | PassiveForeignInvestmestCoInd |
| Foreign Partnership | 0 | ForeignPartnershipInd |
| Boycott Countries | 0 | BoycottCountriesInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART III ACCOUNTING METHOD: | FormAndLineReferenceDesc |
Schedule G IRS990ScheduleG
Fundraising Event Information FundraisingEventInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Event1 | SCHOLARSHIP DINNER | Event1Nm |
| Gross Receipts Event1 | $385,889 | GrossReceiptsEvent1Amt |
| Charitable Contri Event1 | $363,579 | CharitableContriEvent1Amt |
| Gross Revenue Event1 | $22,310 | GrossRevenueEvent1Amt |
| Rent Facility Costs Event1 | $33,715 | RentFacilityCostsEvent1Amt |
| Other Direct Expenses Event1 | $16,783 | OtherDirectExpensesEvent1Amt |
| Event2 | GOLF CLASSIC | Event2Nm |
| Gross Receipts Event2 | $46,960 | GrossReceiptsEvent2Amt |
| Charitable Contri Event2 | $24,850 | CharitableContriEvent2Amt |
| Gross Revenue Event2 | $22,110 | GrossRevenueEvent2Amt |
| Rent Facility Costs Event2 | $29,330 | RentFacilityCostsEvent2Amt |
| Other Direct Expenses Event2 | $5,069 | OtherDirectExpensesEvent2Amt |
| Other Events Total | 1 | OtherEventsTotalCnt |
| Gross Receipts Other Events | $16,727 | GrossReceiptsOtherEventsAmt |
| Charitable Contri Other Events | $11,877 | CharitableContriOtherEventsAmt |
| Gross Revenue Other Events | $4,850 | GrossRevenueOtherEventsAmt |
| Food And Beverage Other Events | $5,069 | FoodAndBeverageOtherEventsAmt |
| Oth Direct Expnss Other Events | $1,639 | OthDirectExpnssOtherEventsAmt |
| Gross Receipts Total | $449,576 | GrossReceiptsTotalAmt |
| Charitable Contributions Tot | $400,306 | CharitableContributionsTotAmt |
| Gross Revenue Total Events | $49,270 | GrossRevenueTotalEventsAmt |
| Rent Fclty Costs Total Events | $63,045 | RentFcltyCostsTotalEventsAmt |
| Food And Beverage Total Events | $5,069 | FoodAndBeverageTotalEventsAmt |
| Oth Direct Expnss Total Events | $23,491 | OthDirectExpnssTotalEventsAmt |
| Direct Expense Summary Events | $91,605 | DirectExpenseSummaryEventsAmt |
| Net Income Summary | -$42,335 | NetIncomeSummaryAmt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp (2 entries)
| Grant TypeGrantTypeTxt | RecipientRecipientCnt | Non Cash AssistanceNonCashAssistanceAmt | Valuation Method UsedValuationMethodUsedDesc | Non Cash AssistanceNonCashAssistanceDesc |
|---|---|---|---|---|
| SCHOLARSHIPS | 6313 | $32,899,043 | FMV | INSTITUTIONAL AID |
| DISCOUNTS AND EXPENDITURES | 865 | $2,382,872 | FMV | INSTITUTIONAL DISCOUNTS |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART I, LINE 2: | THE SCHOLARSHIP GRANTS IN SCHEDULE I ARE MONITORED IN ACCORDANCE WITH THE STUDENT FINANCIAL AID RULES AND THE AMOUNT OF AID THAT INDIVIDUALS ARE SUPPOSED TO RECEIVE. THE DISCOUNTS AND EXPENDITURES ARE MONITORED BY AGREEMENTS WITH CERTAIN GROUPS AND IF THE STUDENT IS PART OF THAT COHORT, THEY RECEIVE A DISCOUNTED RATE ON TUITION, WHICH IN EFFECT TRANSLATES TO AID. |
| SCHEDULE I, PART III | SCHOLARSHIPS AND DISCOUNTS ARE BASED ON ACADEMIC PERFORMANCE AND FINANCIAL NEED, AND ARE GIVEN TO CURRENT SCHOLARS. THEY ARE ADMINISTERED BY THE OFFICES OF ADMISSIONS AND STUDENT SERVICES. |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Housing Allowance Or Residence | Yes (X) | HousingAllowanceOrResidenceInd |
| Written Policy Ref T And E Expnss | Yes (1) | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | Yes (1) | SubstantiationRequiredInd |
| Form990 Of Other Organizations | Yes (X) | Form990OfOtherOrganizationsInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | Yes (1) | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (13 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| TIMOTHY L HALL | ||||||||||||||
| PRESIDENT | $594,625 | $0 | $125,000 | $0 | $37,793 | $0 | $32,813 | $0 | $196,200 | $0 | $986,431 | $0 | $0 | $0 |
| THOMAS SIMMONDS | ||||||||||||||
| VP OPERATIONS & FACILITES | $265,009 | $0 | $38,216 | $0 | $4,877 | $0 | $25,188 | $0 | $42,503 | $0 | $375,793 | $0 | $0 | $0 |
| BRETT CARROLL | ||||||||||||||
| CHIEF FINANCIAL OFFICER | $289,264 | $0 | $38,415 | $0 | $270 | $0 | $26,017 | $0 | $0 | $0 | $353,966 | $0 | $0 | $0 |
| ADAM J CASTRO | ||||||||||||||
| VP ADMISSIONS | $257,620 | $0 | $37,650 | $0 | $3,509 | $0 | $23,405 | $0 | $11,554 | $0 | $333,738 | $0 | $0 | $0 |
| CAMILLE SHELLEY | ||||||||||||||
| CHIEF INFORMATION OFFICER | $229,648 | $0 | $31,885 | $0 | $414 | $0 | $19,751 | $0 | $36,263 | $0 | $317,961 | $0 | $0 | $0 |
| KEVIN JOYCE | ||||||||||||||
| VP STUDENT AFFAIRS | $232,467 | $0 | $36,962 | $0 | $1,188 | $0 | $21,530 | $0 | $24,391 | $0 | $316,538 | $0 | $0 | $0 |
| JESSICA L HABER | ||||||||||||||
| CHIEF OF STAFF | $228,521 | $0 | $36,524 | $0 | $180 | $0 | $21,131 | $0 | $16,213 | $0 | $302,569 | $0 | $0 | $0 |
| KRISTIN BURKE | ||||||||||||||
| GENERAL COUNSEL | $211,288 | $0 | $31,021 | $0 | $270 | $0 | $19,805 | $0 | $36,173 | $0 | $298,557 | $0 | $0 | $0 |
| LLOYD GIBSON | ||||||||||||||
| DEAN SCHOOL OF BUSINESS | $240,490 | $0 | $7,300 | $0 | $572 | $0 | $21,952 | $0 | $22,772 | $0 | $293,086 | $0 | $0 | $0 |
| BERNADETTE WADE | ||||||||||||||
| CHIEF ADVANCEMENT OFFICER | $217,235 | $0 | $26,652 | $0 | $1,188 | $0 | $20,055 | $0 | $20,749 | $0 | $285,879 | $0 | $0 | $0 |
| PETER H WEST | ||||||||||||||
| INTERIM PROVOST | $215,750 | $0 | $37,200 | $0 | $414 | $0 | $19,350 | $0 | $0 | $0 | $272,714 | $0 | $0 | $0 |
| NARDA A ROMERO | ||||||||||||||
| CONTROLLER & ASSISTANT TREASURER | $200,526 | $0 | $6,050 | $0 | $774 | $0 | $0 | $0 | $2,211 | $0 | $209,561 | $0 | $0 | $0 |
| EVA FERNANDEZ | ||||||||||||||
| PROVOST | $161,043 | $0 | $0 | $0 | $2,103 | $0 | $0 | $0 | $0 | $0 | $163,146 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART I, LINE 1A | TIMOTHY L. HALL RECEIVED HOUSING IN THE AMOUNT OF $166,272 WHICH IS INCLUDED IN SCHEDULE J, PART II, COLUMN (D). |
| PART I, LINE 7 | BONUSES ARE APPROVED BY THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES. |
| PART II, COLUMN B(III): | THE AMOUNT ON THIS COLUMN FOR TIMOTHY HALL INCLUDES CONTRIBUTION TO 457(B) RETIREMENT PLAN. IN ADDITION, FOR TIMOTHY HALL, THOMAS SIMMONDS, AND ADAM CASTRO, THIS AMOUNTS ALSO INCLUDES TAXABLE AMOUNT OF CAR ALLOWANCE. |
Schedule K IRS990ScheduleK
Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp (3 entries)
| Bond ReferenceBondReferenceCd | Bond Issuer EINBondIssuerEIN | CUSIPCUSIPNum | Bond IssuedBondIssuedDt | Issue PriceIssuePriceAmt | PurposePurposeDesc | DefeasedDefeasedInd | On Behalf Of IssuerOnBehalfOfIssuerInd | Pool FinancingPoolFinancingInd |
|---|---|---|---|---|---|---|---|---|
| DOBBS FERRY LOCAL DEVELOPMENT CORPORATION | ||||||||
| A | 800668125 | 256048AA7 | 2014-07-31 | $8,255,000 | INFRASTRUCTURE IMPROVEMENTS | 0 | 0 | 0 |
| DOBBS FERRY LOCAL DEVELOPMENT CORPORATION | ||||||||
| B | 800668125 | 256048AB5 | 2014-07-31 | $12,565,000 | INFRASTRUCTURE IMPROVEMENTS | 0 | 0 | 0 |
| DOBBS FERRY LOCAL DEVELOPMENT CORPORATION | ||||||||
| C | 800668125 | 256048AC3 | 2014-07-31 | $16,035,000 | INFRASTRUCTURE IMPROVEMENTS | 0 | 0 | 0 |
Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp (3 entries)
| Bond ReferenceBondReferenceCd | Total ProceedsTotalProceedsAmt | Issuance Costs From ProceedsIssuanceCostsFromProceedsAmt | Working Capital ExpendituresWorkingCapitalExpendituresAmt | Substantial CompletionSubstantialCompletionYr | Refunding Tax Exempt BondsRefundingTaxExemptBondsInd | Refunding Taxable BondsRefundingTaxableBondsInd | Final Allocation MadeFinalAllocationMadeInd | Adequate Books And Rec MaintAdequateBooksAndRecMaintInd |
|---|---|---|---|---|---|---|---|---|
| A | $8,255,000 | $135,214 | $8,119,786 | 2015 | 0 | 0 | 0 | Yes (1) |
| B | $12,565,000 | $205,810 | $12,359,190 | 2015 | 0 | 0 | 0 | Yes (1) |
| C | $16,035,000 | $262,647 | $15,772,353 | 2015 | 0 | 0 | 0 | Yes (1) |
Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp (3 entries)
| Bond ReferenceBondReferenceCd | Owning Bond Financed PropertyOwningBondFinancedPropertyInd | Any Lease ArrangementsAnyLeaseArrangementsInd | Mgmt Contract Bond Fincd PropMgmtContractBondFincdPropInd | Any Research AgreementsAnyResearchAgreementsInd | Bond Iss Meet Prvt Sec Pymt TestBondIssMeetPrvtSecPymtTestInd | Change In Use Bond Financed PropChangeInUseBondFinancedPropInd | Procs Nonqualified Bond RemdtdProcsNonqualifiedBondRemdtdInd |
|---|---|---|---|---|---|---|---|
| A | 0 | 0 | 0 | 0 | 0 | 0 | Yes (1) |
| B | 0 | 0 | 0 | 0 | 0 | 0 | Yes (1) |
| C | 0 | 0 | 0 | 0 | 0 | 0 | Yes (1) |
Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp (3 entries)
| Bond ReferenceBondReferenceCd | Form8038 T FiledForm8038TFiledInd | Rebate Not Due YetRebateNotDueYetInd | Exception To RebateExceptionToRebateInd | No Rebate DueNoRebateDueInd | Variable Rate IssueVariableRateIssueInd | Hedge Identified In Bks And RecHedgeIdentifiedInBksAndRecInd | Gross Proceeds Invested In GICGrossProceedsInvestedInGICInd | Gross Proceeds InvestedGrossProceedsInvestedInd | Written Proc To Monitor ReqsWrittenProcToMonitorReqsInd |
|---|---|---|---|---|---|---|---|---|---|
| A | 0 | 0 | 0 | Yes (1) | Yes (1) | 0 | 0 | 0 | Yes (1) |
| B | 0 | 0 | 0 | Yes (1) | Yes (1) | 0 | 0 | 0 | Yes (1) |
| C | 0 | 0 | 0 | Yes (1) | Yes (1) | 0 | 0 | 0 | Yes (1) |
Procedures Corrective Action ProceduresCorrectiveActionGrp (3 entries)
| Bond ReferenceBondReferenceCd | Procedures Corrective ActionProceduresCorrectiveActionInd |
|---|---|
| A | Yes (1) |
| B | Yes (1) |
| C | Yes (1) |
Schedule M IRS990ScheduleM
Securities Publicly Traded SecuritiesPubliclyTradedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 6 | ContributionCnt |
| Noncash Contributions Rpt F990 | $190,682 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | FAIR MARKET VALUE | MethodOfDeterminingRevenuesTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeldInd |
| Review Process Unusual NC Gifts | Yes (1) | ReviewProcessUnusualNCGiftsInd |
| Third Parties Used | Yes (1) | ThirdPartiesUsedInd |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART I, COLUMN (B): | THE NUMBER IN COLUMN (B) REPRESENTS THE NUMBER OF CONTRIBUTORS. |
| PART I, LINE 32B: | MERCY COLLEGE USES CHARITY BUZZ AND GRAND STAND SPORTS, ONLINE AUCTION SERVICE, TO AUCTION DONATED GOODS. |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (6 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION B, LINE 11B | AN INDEPENDENT ACCOUNTANT PREPARES THE FORM 990 AND SENIOR MANAGEMENT REVIEWS THE FORM 990. IT IS THEN PROVIDED TO THE BOARD OF TRUSTEES PRIOR TO FILING WITH THE IRS. |
| FORM 990, PART VI, SECTION B, LINE 12C | ANNUALLY, BOARD OF TRUSTEES, OFFICERS, AND TOP MANAGEMENT OFFICIALS ARE REQUIRED TO SIGN THE CONFLICT OF INTEREST POLICY AND DISCLOSE INTERESTS THAT COULD GIVE RISE TO CONFLICT. |
| FORM 990, PART VI, SECTION B, LINE 15 | WHEN DETERMINING THE COMPENSATION OF THE ORGANIZATION'S PRESIDENT, THE ORGANIZATION TYPICALLY CONSULTS PUBLIC INFORMATION DERIVED FROM THE ANNUAL REPORT ISSUED BY THE CHRONICLE OF HIGHER EDUCATION AND THEN SENDS TO THE BOARD OF TRUSTEES FOR APPROVAL. RECOMMENDATIONS ARE MADE TO THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES TO REVIEW AND APPROVE THE SALARIES OF THE PRESIDENT'S DIRECT REPORTS, INCLUDING OFFICERS AND KEY EMPLOYEES OF THE COLLEGE. |
| FORM 990, PART VI, SECTION C, LINE 19 | MERCY COLLEGE MAKES ITS GOVERNING DOCUMENTS (BY-LAWS), CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. |
| FORM 990, PART XI, LINE 9: | GAIN (LOSS) ON INTEREST RATE SWAPS 286,862. |
| FORM 990, PART XII, LINE 2C: | THE PROCESS OF OVERSEEING THE AUDIT AND SELECTION OF INDEPENDENT ACCOUNTANT DID NOT CHANGE FROM THE PRIOR YEAR. |