2024-05-13T11:41:05-05:00 2023-06-30 873707167 CBIZ MARKS PANETH LLC 685 THIRD AVENUE NEW YORK NY 10017 990 2022-07-01 131967321 MERCY COLLEGE MERC 9146747213 555 BROADWAY DOBBS FERRY NY 10522 BRETT CARROLL TREASURER/VP FOR FINANCE 9146747213 2024-05-15 1 BRETT CARROLL 999009999 1 MAGDALENA CZERNIAWSKI P00535099 2125038800 2024-05-13 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z BRETT CARROLL 555 BROADWAY DOBBS FERRY NY 10522 317019731 0 X WWW.MERCY.EDU X 1950 NY EDUCATE STUDENTS IN LIBERAL ARTS, SCIENCES, BUSINESS, EDUCATION AND PROFESSIONAL PROGRAMS. 23 19 2523 20 -397946 0 38847535 25777184 170769045 169179632 28575874 6265424 1274818 1095813 239467272 202318053 47064820 35281915 0 0 87984973 89243002 0 0 2328052 73970278 71324231 209020071 195849148 30447201 6468905 626665016 644977634 230601616 215676669 396063400 429300965 X 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. 0 0 156584709 35281915 169618033 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. 156584709 1 1 0 0 0 0 0 1 0 1 1 1 0 1 1 1 1 0 1 0 1 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 1347 0 1 2523 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 23 19 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X BRETT CARROLL TREASURERVP FOR FINANCE 9146747213 555 BROADWAY DOBBS FERRY NY 10522 ALEX FERRARI TRUSTEE 1.00 X 0 0 0 BRUCE J HABER VICE CHAIRMAN 1.00 X X 0 0 0 CARLOS S PASSI TRUSTEE 1.00 X 10300 0 0 CHRISTOPHER SOBECKI TRUSTEE 1.00 X 0 0 0 CINDY V LOPEZ TRUSTEE 1.00 X 0 0 0 DAVID L JOHNSON TRUSTEE 1.00 X 0 0 0 GARY BERNSTEIN TRUSTEE 1.00 X 43670 0 0 GREGORY H WILLIAMS TRUSTEE 1.00 X 0 0 0 JAMES B JENKINS TRUSTEE 1.00 X 0 0 0 JAMES M MCCORMICK VICE CHAIRMAN 1.00 X X 0 0 0 JOHN R THOMPSON TRUSTEE 1.00 X 0 0 0 JOSEPH GANTZ CHAIRMAN 1.00 X X 0 0 0 JOSEPH P CARLUCCI ESQ TRUSTEE 1.00 X 0 0 0 MARLENE M TUTERA TRUSTEE 1.00 X 0 0 0 MELISSA ENCARNACAO BATTISTA TRUSTEE (OUTGOING) 1.00 X 0 0 0 MICHAEL F HAYES TRUSTEE 1.00 X 0 0 0 MICHELE A QUIROLO TRUSTEE 1.00 X 27800 0 0 PATRICIA BLACKMAR TRUSTEE 1.00 X 0 0 0 RICHARD AKS TRUSTEE 1.00 X 0 0 0 ROBERT H NIEHAUS TRUSTEE 1.00 X 0 0 0 SARAH A O'CONNOR ESQ TRUSTEE 1.00 X 6950 0 0 SUSAN M MAKLARI TRUSTEE 1.00 X 0 0 0 TIMOTHY L HALL PRESIDENT 40.00 X X 757418 0 229013 VALERIE MASON CUNNINGHAM TRUSTEE 1.00 X 0 0 0 BRETT CARROLL CHIEF FINANCIAL OFFICER 40.00 X 327949 0 26017 JESSICA L HABER CHIEF OF STAFF 40.00 X 265225 0 37344 NARDA A ROMERO CONTROLLER & ASSISTANT TREASURER 40.00 X 207350 0 2211 ADAM J CASTRO VP ADMISSIONS 40.00 X 298779 0 34959 PETER H WEST INTERIM PROVOST 40.00 X 253364 0 19350 THOMAS SIMMONDS VP OPERATIONS & FACILITES 40.00 X 308102 0 67691 EVA FERNANDEZ PROVOST 40.00 X 163146 0 0 BERNADETTE WADE CHIEF ADVANCEMENT OFFICER 40.00 X 245075 0 40804 CAMILLE SHELLEY CHIEF INFORMATION OFFICER 40.00 X 261947 0 56014 KEVIN JOYCE VP STUDENT AFFAIRS 40.00 X 270617 0 45921 KRISTIN BURKE GENERAL COUNSEL 40.00 X 242579 0 55978 LLOYD GIBSON DEAN SCHOOL OF BUSINESS 40.00 X 248362 0 44724 3938633 0 660026 142 0 1 0 FAMILIAR CREATURES LLC 2915 W LEIGH ST STE A RICHMOND VA 23230 ADVERTISING SERVICES 350632 PRESIDIO NETWORKED SOLUTIO PO BOX 677638 DALLAS TX 75267 CLOUD SECURITY CONSULTANTS 285703 AI MEDIA GROUP LLC 1359 BROADWAY FL 3 NEW YORK NY 10018 MEDIA CONSULTANT 259368 GREYCASTLE SECURITY II LL 185 JORDON RD TROY NY 12180 CLOUD SECURITY CONSULTANTS 181183 NY TENT LLC 1401 LAKELAND AVE BOHEMIA NY 11716 EVENT RENTAL COMPANY 165483 9 400306 22510006 2866872 190682 25777184 GROSS TUITION & FEES 900099 159933083 159933083 AUXILIARY INCOME 900099 9246549 9246549 169179632 3359899 -398132 3758031 699747 0 699747 699747 699747 117485712 29886 114604124 5949 2881588 23937 2905525 23937 186 2881402 49270 400306 91605 -42335 -42335 OTHER 900099 248777 248777 ATHLETIC INCOME 900099 177687 177687 ATHLETIC ROYALTIES 900099 11878 11878 59 59 438401 202318053 169641970 -397946 7296845 35281915 35281915 2729115 2729115 68087223 59164566 7701409 1221248 3594798 2987903 530926 75969 9295844 7478530 1627170 190144 5536022 4396375 1027867 111780 7722602 4047044 3556495 119063 273678 273678 269200 269200 1346082 1346082 2769381 1735796 982519 51066 3419831 3461361 -41530 2627059 1760426 820738 45895 6661360 3953132 2599031 109197 14779196 13350074 1282846 146276 1217461 829127 386031 2303 485796 330842 154035 919 2027840 1845334 162227 20279 10240654 9318996 819251 102407 1212843 1212843 SUPPLIES AND SERVICES 7302431 4893453 2281404 127574 MAINTENANCE 2980256 2643584 307947 28725 BAD DEBT 2660429 2660429 STUDENT FOOD SERVICES 2423811 2423811 904321 143801 743783 16737 195849148 156584709 36936387 2328052 19350678 33653372 10540435 17934220 23862967 7635843 14827533 15318880 349656 320834 3505494 1269120 210693516 102691520 109638112 108001996 185134245 208524439 109280675 109010261 150175221 143308669 626665016 644977634 12037328 7990540 8598932 5226273 48258054 47101031 161707302 155358825 230601616 215676669 X 376703802 407942829 19359598 21358136 396063400 429300965 626665016 644977634 X 6468905 26481798 286862 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 174270 X 0 295698647 658535 31329512 549322 1345834 325791538 321745463 6190017 -23110333 7945114 1181386 295698647 249360142 703397 72820500 336395 802181 321745463 255751263 129352 1436677 6984837 972313 249360142 245533842 717818 10526436 99292 927541 255751263 0.95025 0.03865 0.01110 1 0 13750336 13750336 129469559 55392497 74077062 22713532 17085163 5628369 38790714 30213860 8576854 5969375 5969375 108001996 LP INTERESTS 109010261 F 109010261 DEPOSITS HELD BY BOND TRUSTEES 971807 VENDOR DEPOSITS 15270 OPERATING LEASE RIGHT-OF-USE ASSETS 142321592 143308669 ADVANCES FROM FEDERAL GOVERNMENT FOR STUDENT LOANS 1167263 CONDITIONAL ASSET RETIREMENT OBLIGATION 3118827 LEASE RIGHT TO USE ASSETS 151072735 155358825 X 192550321 26481798 -34995053 -8513255 201063576 1346082 -91605 1254477 202318053 159312756 91605 91605 159221151 1346082 35281915 36627997 195849148 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. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 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. CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 INVESTMENTS INVESTMENTS 67418406 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 INVESTMENTS INVESTMENTS 906757 0 0 0 0 0 0 68325163 0 68325163 0 0 0 0 0 0 PART III ACCOUNTING METHOD: SCHOLARSHIP DINNER 385889 363579 22310 33715 16783 GOLF CLASSIC 46960 24850 22110 29330 5069 1 16727 11877 4850 5069 1639 449576 400306 49270 63045 5069 23491 91605 -42335 1 SCHOLARSHIPS 6313 32899043 FMV INSTITUTIONAL AID DISCOUNTS AND EXPENDITURES 865 2382872 FMV INSTITUTIONAL DISCOUNTS 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. X 1 1 X X 0 0 0 0 0 0 0 1 0 TIMOTHY L HALL PRESIDENT 594625 0 125000 0 37793 0 32813 0 196200 0 986431 0 0 0 THOMAS SIMMONDS VP OPERATIONS & FACILITES 265009 0 38216 0 4877 0 25188 0 42503 0 375793 0 0 0 BRETT CARROLL CHIEF FINANCIAL OFFICER 289264 0 38415 0 270 0 26017 0 0 0 353966 0 0 0 ADAM J CASTRO VP ADMISSIONS 257620 0 37650 0 3509 0 23405 0 11554 0 333738 0 0 0 CAMILLE SHELLEY CHIEF INFORMATION OFFICER 229648 0 31885 0 414 0 19751 0 36263 0 317961 0 0 0 KEVIN JOYCE VP STUDENT AFFAIRS 232467 0 36962 0 1188 0 21530 0 24391 0 316538 0 0 0 JESSICA L HABER CHIEF OF STAFF 228521 0 36524 0 180 0 21131 0 16213 0 302569 0 0 0 KRISTIN BURKE GENERAL COUNSEL 211288 0 31021 0 270 0 19805 0 36173 0 298557 0 0 0 LLOYD GIBSON DEAN SCHOOL OF BUSINESS 240490 0 7300 0 572 0 21952 0 22772 0 293086 0 0 0 BERNADETTE WADE CHIEF ADVANCEMENT OFFICER 217235 0 26652 0 1188 0 20055 0 20749 0 285879 0 0 0 PETER H WEST INTERIM PROVOST 215750 0 37200 0 414 0 19350 0 0 0 272714 0 0 0 NARDA A ROMERO CONTROLLER & ASSISTANT TREASURER 200526 0 6050 0 774 0 0 0 2211 0 209561 0 0 0 EVA FERNANDEZ PROVOST 161043 0 0 0 2103 0 0 0 0 0 163146 0 0 0 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. A DOBBS FERRY LOCAL DEVELOPMENT CORPORATION 800668125 256048AA7 2014-07-31 8255000 INFRASTRUCTURE IMPROVEMENTS 0 0 0 B DOBBS FERRY LOCAL DEVELOPMENT CORPORATION 800668125 256048AB5 2014-07-31 12565000 INFRASTRUCTURE IMPROVEMENTS 0 0 0 C DOBBS FERRY LOCAL DEVELOPMENT CORPORATION 800668125 256048AC3 2014-07-31 16035000 INFRASTRUCTURE IMPROVEMENTS 0 0 0 A 8255000 135214 8119786 2015 0 0 0 1 B 12565000 205810 12359190 2015 0 0 0 1 C 16035000 262647 15772353 2015 0 0 0 1 A 0 0 0 0 0 0 1 B 0 0 0 0 0 0 1 C 0 0 0 0 0 0 1 A 0 0 0 1 1 0 0 0 1 B 0 0 0 1 1 0 0 0 1 C 0 0 0 1 1 0 0 0 1 A 1 B 1 C 1 X 6 190682 FAIR MARKET VALUE 0 1 1 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. 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.