2024-06-20T10:34:33-05:00 2023-09-30 221478099 COHNREZNICK LLP 1301 AVENUE OF THE AMERICAS NEW YORK NY 10019 990 2022-10-01 132590811 AMERICAN ACADEMY MCALLISTER INSTITUTE OF FUNERAL SERVICES INC AMER 2127571190 1501 BROADWAY 1102 NEW YORK NY 10036 DONALD CYMBOR PRESIDENT 2127571190 2024-06-20 1 DONALD CYMBOR 999009999 1 LAURA KIELCZEWSKI P00740769 2122970400 2024-06-20 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z DONALD CYMBOR 1501 BROADWAY 1102 NEW YORK NY 10036 4474052 0 X WWW.FUNERALEDUCATION.ORG X 1926 NY AMERICAN ACADEMY MCALLISTER INSTITUTE OF FUNERAL SERVICES, INC. ("THE INSTITUTE") OPERATES FOR THE PURPOSE OF PROVIDING AN EDUCATION TO ITS STUDENTS. 11 9 36 10 0 0 657711 38758 5469001 4148157 248 37137 0 0 6126960 4224052 361500 38758 0 0 2285752 2363142 0 0 0 2352346 2304785 4999598 4706685 1127362 -482633 4990914 13868424 2452224 11051472 2538690 2816952 X THE MISSION OF AMERICAN ACADEMY MCALLISTER INSTITUTE OF FUNERAL SERVICES, INC. IS TO EDUCATE STUDENTS SO THAT THEY MAY REACH THEIR FULL POTENTIAL AND ACHIEVE THEIR GOAL TO ENTER THE FUNERAL SERVICE PROFESSION. THE INSTITUTE IS COMMITTED TO CREATING A LEARNING ENVIRONMENT THAT SUPPORTS EDUCATIONAL EXCELLENCE, ENDORSES ACADEMIC INTEGRITY AND PROMOTES STEADFASTNESS AND ETHICAL BEHAVIOR IN THE FUNERAL PROFESSION. AS A LEADER IN FUNERAL SERVICE EDUCATION FOR OVER 90 YEARS, THE INSTITUTE PROVIDES FOR AND SUPPORTS THE EDUCATIONAL NEEDS OF THE FUNERAL INDUSTRY. 0 0 1562240 38758 4148157 THE INSTITUTE CONSISTENTLY EDUCATES APPROXIMATELY 300 STUDENTS PER SEMESTER AND TYPICALLY ENROLLS MORE THAN 150 NEW STUDENTS EACH YEAR. THE POPULATION DENSITY OF THE REGION THE INSTITUTE PRIMARILY SERVES, ALONG WITH THE SEVERE STAFFING SHORTAGE IN THE PROFESSION, HAS INCREASED THE IMPORTANCE OF THE INSTITUTE'S ROLE IN FUNERAL SERVICE EDUCATION. 1562240 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 20 0 1 36 1 0 0 0 0 0 0 0 0 0 0 0 0 X 11 9 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY X DONALD CYMBOR 2127571190 1501 BROADWAY 1102 NEW YORK NY 10036 MARY MARGARET DUNN TRUSTEE 25.00 X 62378 0 16826 ALEXANDER BUCHHOLZ TRUSTEE 1.00 X 0 0 0 MARY-ELLEN CHIFFRILLER TRUSTEE(RESIGNED MARCH 2023) 1.00 X 0 0 0 AYRIS GRANBY TRUSTEE 1.00 X 0 0 0 LIZABETH S KONOPKA TRUSTEE 1.00 X 0 0 0 WILLIAM FLOOKS TRUSTEE 1.00 X 0 0 0 DANIEL B MCMANUS CHAIRPERSON 10.00 X X 0 0 0 SHARON P TAYLOR VICE CHAIRPERSON 1.00 X X 0 0 0 MATTHEW BAILEY TREASURER 1.00 X X 0 0 0 NANCY BROWN TRUSTEE 1.00 X 0 0 0 MARTIN GOLDSTEIN SECRETARY 25.00 X X 53945 0 0 MICHAEL MITTENZWEI TRUSTEE 1.00 X 0 0 0 JOHN FRASER VICE PRESIDENT 40.00 X 166712 0 0 DONALD CYMBOR PRESIDENT 40.00 X 268981 0 47955 ANDRE RAMPAUL DIRECTOR/ADMIN 40.00 X 132713 0 13499 JAWAY TSO FINANCIAL SPECIALIST 40.00 X 132713 0 38472 MONICA VALVANO DIRECTOR OF PROCTORING 40.00 X 120817 0 0 938259 0 116752 5 0 1 0 DAVIDOFF HUTCHER CITRON LLP 605 3RD AVE NEW YORK NY 10158 LEGAL SERVICES 238599 DOROTHY HUTCHINS 43 TITICUS MOUNTAIN RD NEW FAIRFIELD CT 06812 MORTUARY SERVICES 128688 BOND SCHOENECK KING PLLC 600 3RD AVE NEW YORK NY 10016 LEGAL SERVICES 116361 JOSEPH CASARIO 64 ASHFORD AVE DOBBS FERRY NEW YORK NY 10522 MORTUARY SERVICES 114000 4 38758 38758 TUITION 611519 4148157 4148157 4148157 37137 37137 250000 250000 0 0 4224052 4148157 0 37137 38758 38758 705482 208748 496734 1282523 516341 766182 221397 20058 201339 153740 60086 93654 257854 257854 117700 117700 4340 4340 239841 226536 13305 6435 6435 220839 75359 145480 203584 203584 952182 168918 783264 19507 19507 5116 5116 757 757 47883 5278 42605 110247 38574 71673 BANK CHARGES 52110 52110 BAD DEBT EXPENSES 33900 33900 DUES 32490 32490 4706685 1562240 3144445 0 2948866 984284 51530 547433 850928 774927 797447 616540 699848 93314 290673 606534 720 919671 9314172 50750 104863 4990914 13868424 481484 333901 770832 710378 1199908 10007193 2452224 11051472 X 2538331 2816593 359 359 2538690 2816952 4990914 13868424 X -482633 -12640 773535 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 500827 47849 452978 41153 24477 16676 157868 20988 136880 606534 LEASE LIABILITY 10007193 10007193 X 4173172 -12640 -33900 -46540 4219712 4340 4340 4224052 4668445 0 4668445 38240 38240 4706685 PART X, LINE 2: THE INSTITUTE IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND A SIMILAR PROVISION OF THE NEW YORK STATE INCOME TAX LAWS. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN REFLECTED IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE INSTITUTE HAS NO UNRECOGNIZED TAX BENEFITS AT SEPTEMBER 30, 2023 AND 2022. THE INSTITUTE'S FEDERAL AND STATE TAX FILINGS PRIOR TO FISCAL YEAR 2020 ARE CLOSED AND MANAGEMENT CONTINUALLY EVALUATES EXPIRING STATUTES OF LIMITATIONS, AUDITS, PROPOSED SETTLEMENTS, CHANGES IN TAX LAW AND NEW AUTHORITATIVE RULINGS. THE INSTITUTE RECOGNIZES INTEREST AND PENALTIES ASSOCIATED WITH TAX MATTERS AS OPERATING EXPENSES AND INCLUDES ACCRUED INTEREST AND PENALTIES WITH ACCRUED EXPENSES IN THE STATEMENTS OF FINANCIAL POSITION. THERE WERE NO INTEREST AND PENALTIES PAID OR ACCRUED FOR THE YEARS ENDED SEPTEMBER 30, 2023 AND 2022. PART XI, LINE 2D - OTHER ADJUSTMENTS: BAD DEBT EXPENSE -33,900. PART XI, LINE 4B - OTHER ADJUSTMENTS: INVESTMENT EXPENSES 4,340. PART XII, LINE 4B - OTHER ADJUSTMENTS: BAD DEBT EXPENSE 33,900. INVESTMENT EXPENSES 4,340. 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE INSTITUTE'S NONDISCRIMINATORY POLICY IS DISCLOSED ON ITS WEBSITE. SCHEDULE E, PART I, LINE 4 THIS IS NOT APPLICABLE SINCE THE INSTITUTE DOES NOT SOLICIT CONTRIBUTIONS. LINE 6 - EXPLANATION OF GOVERNMENT FINANCIAL AID: THE INSTITUTE PARTICIPATES IN STUDENT FINANCIAL AID ("SFA") PROGRAMS UNDER THE TITLE IV PROGRAMS ADMINISTERED BY THE U.S. DEPARTMENT OF EDUCATION PURSUANT TO THE HIGHER EDUCATION ACT OF 1965 (THE "HEA"), AS AMENDED. 1 STUDENT PORTION OF HEERF GRANT 97 38758 PART I, LINE 2: FUNDS WERE DISTRIBUTED TO THOSE IN MOST NEED. PELL GRANT RECIPIENTS, WHO TRADITIONALLY HAVE THE MOST NEED, WERE PRIORITIZED AND WERE RECIPIENTS. X X 0 0 0 0 0 0 0 0 0 DONALD CYMBOR PRESIDENT 268981 0 0 0 0 0 0 0 47955 0 316936 0 0 0 JAWAY TSO FINANCIAL SPECIALIST 132713 0 0 0 0 0 0 0 38472 0 171185 0 0 0 JOHN FRASER VICE PRESIDENT 166712 0 0 0 0 0 0 0 0 0 166712 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B FORM 990 WAS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM. MANAGEMENT PROVIDES THE FORM 990 TO THE AUDIT COMMITTEE OF THE BOARD FOR REVIEW AND DISCUSSION PRIOR TO ITS FURTHER DISSEMINATION TO THE BOARD. THE FORM 990 IS MADE AVAILABLE TO THE FULL BOARD OF DIRECTORS PRIOR TO ITS FILING. FORM 990, PART VI, SECTION B, LINE 12C THE INSTITUTE REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY BY DISTRIBUTING THE POLICY FOR REVIEW TO THE BOARD OF DIRECTORS ANNUALLY. EACH MEMBER COMPLETES AN INDIVIDUAL CONFLICT OF INTEREST STATEMENT THAT IS REVIEWED BY THE AUDIT COMMITTEE. BOARD MEMBERS ARE NOT ELIGIBLE TO PARTICIPATE IN ANY PROPOSAL REQUESTS FOR SERVICES SUCH AS INVESTMENTS, AUDITING, ETC. IF A CONFLICT ARISES, THEN THAT MEMBER NOTES THEIR CONFLICT AND DOES NOT PARTICIPATE IN ANY DISCUSSION AND/OR VOTE. FORM 990, PART VI, SECTION B, LINE 15 THE PRESIDENT'S COMPENSATION IS TYPICALLY DETERMINED AFTER AN ANNUAL REVIEW BY THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS. THE REVIEW, ALONG WITH PRIVATE COLLEGE EXECUTIVE COMPENSATION SURVEYS, HELP DETERMINE THE PRESIDENT'S SALARY. THE DELIBERATION AND FINAL DETERMINATIONS BY THE BOARD OF DIRECTOR'S ARE DOCUMENTED TIMELY. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC EITHER THROUGH THE ORGANIZATION'S WEBSITE AND/OR UPON REQUEST. FORM 990, PART XI, LINE 9: NET PERIODIC PENSION COST -118,226. NET PERIODIC BENEFIT COST 891,761. FORM 990, PART VII - COMPENSATION OF OFFICERS AND TRUSTEES THE COMPENSATION RECEIVED BY OFFICERS AND TRUSTEES IS IN REGARDS TO THEIR WORK AS INSTRUCTORS AND/OR ADMINISTRATION OF THE SCHOOL.