2023-05-12T01:30:09+00:00 2022-06-30 350921680 CROWE LLP 485 Lexington Avenue Floor 11 New York NY 100172619 990 2021-07-01 133508093 Iona University IONA 9146332483 715 North Avenue McSpedon Hall New Rochelle NY 108011809 Nathaniel J Kane SVP OF FIN & ADMINISTRATION 2023-05-12 true NATHANIEL KANE 999009999 Nicole Bencik P00756195 2125725500 2021 2023-04-26 12:10:37Z X DR SEAMUS CAREY 715 North Avenue McSpedon Hall New Rochelle NY 108011809 197484109 false X WWW.IONA.EDU X 1940 NY IONA UNIVERSITY IS A CATHOLIC UNIVERSITY COMPRISED OF A DIVERSE COMMUNITY OF LEARNERS & SCHOLARS DEDICATED TO ACADEMIC EXCELLENCE IN THE TRADITION OF THE CHRISTIAN BROTHERS. 29 28 1625 30 23362 0 19174131 22281615 144147163 149128218 42907 256795 1338998 6210568 164703199 177877196 57097202 60287754 0 62519785 65797853 41400 84353 2207123 43312206 49866723 162970593 176036683 1732606 1840513 425606322 443220124 108884614 136707846 316721708 306512278 IONA UNIVERSITY IS A CARING ACADEMIC COMMUNITY, INSPIRED BY THE LEGACY OF BLESSED EDMUND RICE AND THE CHRISTIAN BROTHERS, WHICH EMBODIES OPPORTUNITY, JUSTICE, AND THE LIBERATING POWER OF EDUCATION. IONA UNIVERSITY'S PURPOSE IS TO FOSTER INTELLECTUAL INQUIRY, COMMUNITY ENGAGEMENT AND AN APPRECIATION FOR DIVERSITY. IN THE TRADITION OF AMERICAN CATHOLIC HIGHER EDUCATION, IONA UNIVERSITY COMMITS ITS ENERGIES AND RESOURCES TO THE DEVELOPMENT OF GRADUATES RECOGNIZED FOR THEIR ETHICS, CREATIVITY AND PROBLEM-SOLVING ABILITIES, THEIR INDEPENDENT AND ADAPTABLE THINKING; THEIR JOY IN LIFELONG LEARNING; AND THEIR ENDURING INTEGRATION OF MIND, BODY AND SPIRIT. false false 96648745 60287754 129171005 FOUNDED BY THE CONGREGATION OF CHRISTIAN BROTHERS IN 1940, IONA UNIVERSITY IS CHARTERED BY THE STATE OF NEW YORK AND FULLY ACCREDITED BY THE FEDERAL DEPARTMENT OF EDUCATION APPROVED REGIONAL ACCREDITOR, THE COMMISSION ON HIGHER EDUCATION OF THE MIDDLE STATES ASSOCIATION OF SCHOOLS AND COLLEGES (CHE-MSA) TO OFFER CREDIT-BEARING COURSEWORK TOWARDS DEGREES AND REGISTERED CERTIFICATES AT THE UNDERGRADUATE AND GRADUATE LEVELS. IN ADDITION TO CHE-MSA, IONA'S ACADEMIC PROGRAMS HOLD MULTIPLE PROFESSIONAL AND SPECIAL ACCREDITATIONS FROM INDEPENDENT ACCREDITING BODIES INCLUDING THE ACCREDITATION BOARD FOR ENGINEERING AND TECHNOLOGY (ABET); ACCREDITATION COUNCIL FOR OCCUPATIONAL THERAPY EDUCATION (ACOTE); AMERICAN ASSOCIATION FOR MARRIAGE AND FAMILY THERAPY (AAMFT); AMERICAN CHEMICAL SOCIETY (ACS); ASSOCIATION FOR ADVANCING QUALITY IN EDUCATOR PREPARATION (AAQEP); COMMISSION ON COLLEGIATE NURSING EDUCATION; COUNCIL ON ACADEMIC ACCREDITATION IN AUDIOLOGY AND SPEECH-LANGUAGE PATHOLOGY (CAA); COUNCIL ON SOCIAL WORK EDUCATION (CSWE); AND NATIONAL ASSOCIATION OF SCHOOL PSYCHOLOGISTS (NASP). NOTABLY, THE SCHOOL OF BUSINESS IS ACCREDITED BY AACSB INTERNATIONAL - A HIGHLY ACCLAIMED DISTINCTION AWARDED TO JUST 5% OF BUSINESS SCHOOLS WORLDWIDE. IONA'S MAIN CAMPUS IS LOCATED ON 43 ACRES IN NEW ROCHELLE (WESTCHESTER COUNTY), NEW YORK, 20 MILES NORTH OF MIDTOWN MANHATTAN. IONA ALSO RECENTLY OPENED A NEW CAMPUS IN BRONXVILLE, NEW YORK, WHICH IS HOME TO ITS NEW SCHOOL OF HEALTH SCIENCES. IONA'S STUDENT BODY IS COMPRISED OF 3,032 UNDERGRADUATE STUDENTS AND 589 GRADUATE STUDENTS WITH A WIDE VARIETY OF UNDERGRADUATE AND GRADUATE DEGREES IN THE SCHOOL OF ARTS AND SCIENCE, SCHOOL OF BUSINESS AND SCHOOL OF HEALTH SCIENCES. IN RECENT YEARS, THE IONA COMMUNITY HAS FOCUSED ON ADVANCING STUDENT DISTINCTION, ELEVATING THE IONA EXPERIENCE, ENHANCING ACADEMIC DISTINCTION, GROWING INFRASTRUCTURE, ADVANCING AFFORDABILITY, AND RAISING NECESSARY RESOURCES. MUCH SUCCESS HAS BEEN REALIZED INCLUDING ENHANCED ACADEMIC OFFERINGS AND INTERNATIONAL PROGRAMS, LAUNCH OF ACADEMIC CENTERS AND INSTITUTES, RECORD SCHOLARSHIPS AWARDED, GROWTH TO THE ENDOWMENT OF OVER 100%, AND AN INCREASE TO CAMPUS LAND HOLDINGS OF 30%. IONA UNIVERSITY OFFERS A VIBRANT EXPERIENCE FOR STUDENTS WITH STUDENT CLUBS, ORGANIZATIONS, AND GROUPS ON CAMPUS, AND AN NCAA DIVISION I ATHLETICS PROGRAM WITH 23 VARSITY TEAMS. THE SCHOOL OF ARTS AND SCIENCE, SCHOOL OF BUSINESS AND SCHOOL OF HEALTH SCIENCES SUPPORT THE MISSION OF IONA UNIVERSITY THROUGH A COMMITMENT TO FOSTERING ACADEMIC EXCELLENCE AND INTELLECTUAL INQUIRY IN THE LIBERAL ARTS TRADITION. THE SCHOOLS EMBRACE THE VALUES OF A STUDENT-CENTERED INSTITUTION ROOTED IN A RELIGIOUS TRADITION INCLUDING PURSUIT OF KNOWLEDGE AND TRUTH, DEVOTION TO INTEGRITY, DIVERSITY, AND FREEDOM OF INQUIRY; OPENNESS TO CHANGE, INNOVATION, AND ENTREPRENEURSHIP; APPRECIATION FOR DATA-INFORMED, OUTCOMES-ORIENTED PRACTICES THAT PROMOTE INTERNAL COLLABORATION AND EXTERNAL COMPETITIVENESS; COMMITMENT TO COMPASSION, TRANSPARENT DECISION-MAKING, AND ACCOUNTABILITY AND DEDICATION TO RESPONSIBLE STEWARDSHIP OF HUMAN, PHYSICAL, FINANCIAL, AND ENVIRONMENTAL RESOURCES. IONA UNIVERSITY HAS NEARLY 40 UNDERGRADUATE DEGREE PROGRAMS OF STUDY, OVER 40 UNDERGRADUATE MINORS, AND 24 GRADUATE PROGRAMS (14 MASTER'S DEGREE PROGRAMS AND 10 ADVANCED CERTIFICATE PROGRAMS) THROUGH THE SCHOOL OF ARTS & SCIENCE, LAPENTA SCHOOL OF BUSINESS, NEW YORK-PRESBYTERIAN IONA SCHOOL OF HEALTH SCIENCES AND HYNES INSTITUTE FOR ENTREPRENEURSHIP & INNOVATION. ON JULY 1, 2022, IONA OFFICIALLY CHANGED ITS STATUS FROM COLLEGE TO UNIVERSITY. 38176646 0 5358049 STUDENT SERVICES - OTHER ACADEMIC AND STUDENT SUPPORT ACTIVITIES ARE PROVIDED FOR ENROLLED STUDENTS AND IN SUPPORT OF FACULTY SCHOLARSHIP CONSISTENT WITH STANDARDS ESTABLISHED BY THE NEW YORK STATE EDUCATION DEPARTMENT, THE COMMISSION OF HIGHER EDUCATION OF THE MIDDLE STATES ASSOCIATION OF SCHOOLS AND COLLEGES AND BEST PRACTICES IN AMERICAN HIGHER EDUCATION. THESE INCLUDE FULLY STAFFED AND OPERATIONAL LIBRARIES, A CAREER DEVELOPMENT CENTER, COUNSELING CENTER, HEALTH SERVICES CENTER, IT SUPPORT CENTER, FACULTY TRAINING CENTER, TUTORING AND ACADEMIC SUPPORT CENTER CAMPUS MINISTRIES OFFICE, ATHLETICS DEPARTMENT, AND STUDENT DEVELOPMENT OFFICE SERVICING CLUBS, STUDENT GOVERNMENT, STUDENT MEDIA AND STUDENT RECREATION. 19791547 0 18986141 AUXILIARY ENTERPRISES - IONA UNIVERSITY PROVIDE ANCILLARY AUXILIARY SERVICES TO BOTH ITS STUDENT POPULATION AND ITS EMPLOYEE BASE IN AN EFFORT TO SUPPORT ITS EDUCATIONAL MISSION: 1) RESIDENTIAL SERVICES - AS PART OF THE STUDENT EXPERIENCE, IONA UNIVERSITY OFFERS ON-CAMPUS RESIDENCE HALL HOUSING AND RELATED SERVICES. THE PRIMARY GOAL OF IONA'S RESIDENTIAL LIFE PROGRAM IS TO PROVIDE A SAFE, SECURE AND COMFORTABLE ENVIRONMENT WHERE ACADEMIC SUCCESS, AS WELL AS THE SOCIAL, EMOTIONAL, SPIRITUAL, PHYSICAL AND CULTURAL DEVELOPMENT OF EACH RESIDENT, IS FACILITATED. 2) BOOKSTORE - THE UNIVERSITY HAS AN ON-CAMPUS BOOKSTORE WHERE STUDENTS CAN PURCHASE TEXTBOOKS, STUDY AIDS, ELECTRONICS, SOFTWARE, STATIONERY AND RELATED HARD GOODS. 3) FOOD SERVICE/CAFETERIA - THE UNIVERSITY HAS AN ON-CAMPUS CAFETERIA THAT IS COMMITTED TO PROVIDING QUALITY AND NUTRITIOUS FOOD WITH EXCEPTIONAL SERVICE. RESIDENT STUDENTS AND COMMUTERS MAY PARTICIPATE IN THE FULL MEAL PLAN OFFERED AT IONA UNIVERSITY. 154616938 true true false false false false true false true true true false false true true true false true false false false false true true false false false true true true false false false false false false false false false false true false false false true false false false false true 5146 0 true 1625 true true true false false false false true true false false false false false false X 29 28 false false true false false false false true true false false true true true true true true true false false NY X NATHANIEL J KANE 9146332483 715 NORTH AVE MCSPEDON HALL NEW ROCHELLE NY 10801 Dr Seamus Carey President 65.0 X X 646397 0 46842 James P Hynes Board Vice Chair 1.0 X X 0 0 0 Patrick C Dunican Jr Board Chair 2.0 X X 0 0 0 Andrew J Dolce Trustee 1.0 X 0 0 0 Armando C Rodriguez Jr Trustee 1.0 X 0 0 0 Bartley F Livolsi Trustee 1.0 X 0 0 0 Brian M Walsh Trustee 1.0 X 0 0 0 C Patrick O'Donnell Jr Trustee 1.0 X 0 0 0 Charles W Schoenherr Trustee 1.0 X 0 0 0 David P Brown Trustee 1.0 X 0 0 0 Eric L Robinson Trustee 1.0 X 0 0 0 Gabrielle Gambrell Trustee 1.0 X 0 0 0 Ingrid Thompson-Sellers Trustee 1.0 X 0 0 0 John C Judge Trustee 1.0 X 0 0 0 Joseph Murphy Jr Trustee 1.0 X 0 0 0 Karen Seitz Trustee 1.0 X 0 0 0 Kathleen A Hurlie Trustee (Until 11/30/2021) 1.0 X 0 0 0 Kevin Griffith Trustee 1.0 X 0 0 0 Lawrence I Wills Trustee 1.0 X 0 0 0 Linda M Bruno Trustee 1.0 X 0 0 0 Margaret Timoney Trustee 1.0 X 0 0 0 Michael Doheny Trustee 1.0 X 0 0 0 Michael P Hegarty Trustee 1.0 X 0 0 0 Peter J Ripp Trustee 1.0 X 0 0 0 Phillip N Maisano Trustee 1.0 X 0 0 0 Raymond J Vercruysse Trustee 1.0 X 0 0 0 Robert V LaPenta Trustee 1.0 X 0 0 0 Ronald M DeFeo Trustee 1.0 X 0 0 0 Stephen V Reitano Trustee 1.0 X 0 0 0 Trista Rivera Trustee 1.0 X 0 0 0 Anne Marie Schettini-Lynch SVP of Finance & Administration (Until 05/13/2022) 65.0 X 327661 0 19969 Darrell Wheeler Provost and SVP for Academic Affairs 50.0 X 332353 0 37687 Kathleen McElroy General Counsel (Until 01/02/2022) 60.0 X 223985 0 20566 Kevin Curnin Chief Operating Officer 50.0 X 156766 0 2031 Mary Ellen Callaghan Vice President for Strategic Initiatives & Board Secretary 50.0 X 228613 0 21992 Sandy A Curko General Counsel (Started 05/09/2022) 60.0 X 0 0 0 Joseph Stabile Dean of the School of Arts &Science 50.0 X 221908 0 17665 Kevin O'Sullivan SVP for Enrollment & Student Affairs 50.0 X 288836 0 34385 Paul Sutera SVP for Advancement & External Affairs (Until 10/01/2021) 50.0 X 226216 0 40739 Richard Pitino Men's Basketball Coach 50.0 X 742489 0 37027 Timothy Cluess Advisor to the President & Athletics 50.0 X 264579 0 13273 3659803 0 292176 92 false true false Chartwells Dining Services 91337 Collections Dr Chicago IL 606931337 Food Services 4188048 Consigli Construction Co Inc 72 Sumner Street Milford NY 01757 Construction 742321 Carnegie Dartlet 210 Littleton Road Suite 100 Westford MA 01886 Marketing 701844 Orrick Herrington & Sutcliffe LLP 405 Howard Street San Francisco CA 94105 Legal 701194 Mirage Diner 690 North Avenue New Rochelle NY 10801 Food Services 511574 45 1190775 6916603 14174237 497343 22281615 TUITION AND FEES 611710 129205191 129205191 ROOM & BOARD (& OTHER STUDENT CHARGES) 611710 18986141 18986141 CAFETERIA 611710 800409 800409 BOOKSTORE 611710 98767 98767 VENDING COMMISSIONS 611710 37710 37710 0 0 0 0 149128218 256795 22218 234577 1029914 1029914 0 1029914 1029914 19325000 19325000 0 0 0 0 135160 1190775 281913 -146753 -146753 ATHLETICS MARKETING 611710 193452 193452 NCAA Distribution 611710 889045 889045 INSURANCE PROCEEDS 611710 3135367 3135367 1109543 1105999 1144 2400 5327407 177877196 153515195 23362 2057024 60287754 60287754 2201812 334155 1867657 49847187 42963594 5892787 990806 2186796 1819119 326049 41628 7891998 6565078 1176688 150232 3670060 3052995 547202 69863 203874 203874 182100 182100 84353 84353 415588 415588 5693435 2298259 2988146 407030 2597346 2065522 68613 463211 1010788 889071 121717 1640456 1442916 197540 0 0 0 0 4654128 4093688 560440 2153206 1893922 259284 0 0 0 0 0 131949 116060 15889 0 3955087 3478825 476262 0 0 0 0 0 9102543 8006435 1096108 0 1755542 1544143 211399 0 FOOD SERVICES 6165485 5423051 742434 0 OTHER ATHLETIC EXPENSES 1352864 1189955 162909 0 STUDENT ACTIVITIES 779664 685779 93885 0 PROFESSIONAL DUES & TRAINING 560055 492614 67441 0 7512613 5974003 1538610 0 176036683 154616938 19212622 2207123 6279 5840 31209830 32899841 7787725 6933764 3885769 3067837 0 0 0 0 32271 0 2998917 1562186 328156559 123732916 171581966 204423643 4689438 4295727 202649191 189239721 0 764936 791565 425606322 443220124 13232150 14872918 3178427 7419490 71000157 84844685 0 0 13129880 23193753 8344000 6377000 108884614 136707846 X 249682557 246984278 67039151 59528000 0 0 0 0 0 0 316721708 306512278 425606322 443220124 X 1840513 -13650129 1600186 X false true X true true true X 10839848 8016429 10210130 19174131 22281615 70522153 0 0 10839848 8016429 10210130 19174131 22281615 70522153 3878301 66643852 2367324 3060391 1503387 553105 1286709 8770916 485820 417827 129055 850 1144 1034696 240148 272799 121600 102930 137560 875037 81202802 694578428 0.8207 0.6944 X Schedule A, Part I SCHEDULE A, PART I IONA UNIVERSITY OPERATES AS A SCHOOL DESCRIBED IN SECTION 170(B)(1)(A)(II) BUT ALSO QUALIFIES AS A PUBLICLY SUPPORTED ORGANIZATION DESCRIBED IN SECTION 170(B)(1)(A)(VI) TO ALLOW ITSELF TO UTILIZE THE SPECIAL RULE FOR 501(C)(3) ORGANIZATIONS ON FORM 990, SCHEDULE B. Schedule A, Part II, Line 10 Other Income DESCRIPTION - FUNDRAISING REVENUE, COLUMN A - 223620.0, COLUMN B - 258300.0, COLUMN C - 121600.0, COLUMN D - 102930.0, COLUMN E - 135160.0, COLUMN F - 841610.0; DESCRIPTION - PARKING FINES, COLUMN A - 0.0, COLUMN B - 14499.0, COLUMN C - 0.0, COLUMN D - 0.0, COLUMN E - 2400.0, COLUMN F - 16899.0; DESCRIPTION - OTHER REVENUE, COLUMN A - 16528.0, COLUMN B - 0.0, COLUMN C - 0.0, COLUMN D - 0.0, COLUMN E - 0.0, COLUMN F - 16528.0; RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 100000 X X EDUCATIONAL INSTRUCTION false 206331440 7421657 -13552912 7267921 415588 192516676 162713043 7028044 42685189 6049324 45512 206331440 159938009 5830944 2510934 5401275 165569 162713043 143741343 8118305 11622837 3384534 159942 159938009 130845536 7938632 9773420 4616151 200094 143741343 0.772 0.1666 0.0614 false false 20974395 20974395 209214046 88121181 121092865 72883927 28711532 44172395 7972820 6486210 1486610 17111371 413993 16697378 204423643 MULTI-STRATEGY EQUITY FUND 25918918 F MULTI STRATEGY BOND FUND 8027797 F GOVERNMENT MONEY MARKET FUND 3305840 F LIMITED PARTNERSHIPS 41453416 F CASH VALUE OF LIFE INSURANCE 151617 F R/E COMMERCIAL PROPERTY 2280371 F MERGER ARBITRAGE FUND 18243775 F CF STRATEGIC SOLUTIONS GLOBAL EQUITY 55310355 F CF CREDIT SERIES 11238808 F HIGH QUALITY BOND FUND 12647518 F SSGA S&P 500 INDEX NON-LENDING STRAT 5264182 F SSGA US AGGREGATE BOND INDEX NL STRAT 3386680 F SSGA MSCI ACWI EX USA INDEX NL QP STRAT 2010444 F 189239721 ACCRUED POSTRETIREMENT BENEFIT 6377000 6377000 X 105405824 -13650129 1882099 -11768030 117173854 415588 60287754 60703342 177877196 115615254 281913 281913 115333341 415588 60287754 60703342 176036683 Schedule D, Part III, Line 4 Collections of art - description of collections THE UNIVERSITY OPERATES A PUBLIC GALLERY NEAR ITS CAMPUS THAT IS OPEN TO BOTH STUDENTS AND TO THE GENERAL PUBLIC, FREE OF CHARGE. THE UNIVERSITY DOES NOT OWN ANY OF THE ARTWORK EXHIBITED IN THIS GALLERY BUT RECEIVES THESE PIECES FOR PUBLIC EXHIBITION. THE GALLERY IS INTENDED AS A VEHICLE TO INCREASE PUBLIC APPRECIATION OF ART AND TO ENHANCE THE STUDENT EDUCATIONAL EXPERIENCE. Schedule D, Part V, Line 4 Intended uses of endowment funds THE UNIVERSITY'S ENDOWMENT FUND IS INTENDED TO SUPPORT ITS EDUCATIONAL MISSION. PERMANENT ENDOWMENT FUNDS AND QUASI ENDOWMENT FUNDS WILL FUND STUDENT SCHOLARSHIPS, FACULTY SUPPORT, FACILITY ENHANCEMENTS, OPERATIONS AND OTHER STRATEGIC INITIATIVES. THE UNIVERSITY INTENDS ON KEEPING THE ENDOWMENT PRINCIPAL UNTOUCHED, WHILE USING ITS EARNINGS TO SATISFY THE ABOVE MENTIONED OBJECTIVES. Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote THE UNIVERSITY IS A TAX-EXEMPT ORGANIZATION AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (THE CODE), AND IS GENERALLY EXEMPT FROM FEDERAL INCOME TAXES ON RELATED INCOME PURSUANT TO SECTION 501(A) OF THE CODE. THE UNIVERSITY HAS PROCESSES PRESENTLY IN PLACE TO ENSURE THE MAINTENANCE OF ITS TAX-EXEMPT STATUS. UNDER ASC 740, "INCOME TAXES", THE UNIVERSITY MUST RECOGNIZE A TAX LIABILITY ASSOCIATED WITH TAX POSITIONS TAKEN FOR TAX RETURN PURPOSES WHEN IT IS MORE LIKELY THAN NOT THAT THE POSITION WILL NOT BE SUSTAINED UPON EXAMINATION BY A TAXING AUTHORITY. THE UNIVERSITY DOES NOT BELIEVE THERE ARE ANY MATERIAL UNCERTAIN TAX POSITIONS TAKEN, AND ACCORDINGLY, WILL NOT RECOGNIZE ANY LIABILITY FOR UNRECOGNIZED TAX BENEFITS UNDER ASC 740. THE UNIVERSITY IS NOT CURRENTLY UNDER EXAMINATION BY ANY TAXING JURISDICTION. Schedule D, Part XI, Line 2(d) Other revenues in audited financial statements not in form 990 SPECIAL EVENTS & GAMING DIRECT EXPENSES - 281913 CHANGE IN POST RETIREMENT BENEFIT OBLIGATION - 1566000 Gain on Casualty - 34186 Schedule D, Part XI, Line 4(b) Other revenues in form 990 not in audited financial statements SCHOLARSHIP DISBURSEMENT - 60287754 Schedule D, Part XII, Line 2(d) Other expenses in audited financial statements not in form 990 SPECIAL EVENTS & GAMING DIRECT EXPENSES - 281913 Schedule D, Part XII, Line 4(b) Other expenses in form 990 not in audited financial statements SCHOLARSHIP DISBURSEMENT - 60287754 true true true true true true true false false false false false false false false true false true Schedule E, Part I, Line 3 RACIALLY NONDISCRIMINATORY POLICY THE UNIVERSITY INCLUDES A STATEMENT OF ITS NON-DISCRIMINATION POLICY ON ITS WEBSITE, AS WELL AS IN STUDENT MATERIALS, AND EMPLOYEE JOB POSTINGS. Schedule E, Part I, Line 6(a) FINANCIAL AID OR ASSISTANCE FROM A GOVERNMENT THE UNIVERSITY RECEIVES GRANTS FOR RESEARCH , TRAINING, AND FINANCIAL AID FROM THE NATIONAL SCIENCE FOUNDATION , THE US DEPARTMENT OF EDUCATION AND VARIOUS OTHER FEDERAL AND NEW YORK STATE AGENCIES. X X X X X X X true MARTS & LUNDY 1200 WALL STREET WEST 5th FLOOR LYNDHURST NJ 07071 FUNDRAISING STRATEGIST false 0 12600 -12600 CONCOURSE CONSULTING LLC 35 STURBRIDGE PLACE SCARSDALE NY 10583 FUNDRAISING false 0 2000 -2000 CATAPULT FUNDRAISING INC 2651 GREEN VALLEY PKWY SUITE 102 HENDERSON NV 89014 FUNDRAISING false 0 69753 -69753 0 84353 -84353 NY IONA GALA 999645 879045 120600 164619 55029 26292 WINGED FOOT 326290 311730 14560 6500 29473 0 1325935 1190775 135160 171119 55029 55765 281913 -146753 true SCHOLARSHIPS 2922 60287754 Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds. IONA UNIVERSITY GIVES AID TO STUDENTS IN TWO BASIC FORMS: MERIT AID AND NEED BASED AID. THE AMOUNT OF MERIT AID A STUDENT RECEIVES IS BASED ON CUMULATIVE GRADE POINT AVERAGE (GPA) AND A RANGE OF MERIT AWARD LEVELS. NEED BASED AID IS DETERMINED BY UNMET NEED AS CALCULATED BY THE COST OF ATTENDANCE LESS THE FEDERAL EXPECTED FAMILY CONTRIBUTION (EFC.) STUDENTS ARE GIVEN THESE AWARDS UPON ACCEPTANCE TO THE UNIVERSITY AND THE AWARDS ARE RENEWED ON AN ANNUAL BASIS ASSUMING THE STUDENT MEETS THE REQUIRED CUMULATIVE GPA AND THE NEED LEVEL AS DETERMINED BY FAFSA HAS NOT CHANGED. ALL SCHOLARSHIPS ISSUED BY THE UNIVERSITY ARE INTENDED TO BE USED TO DEFRAY TUITION COSTS AND ENABLE STUDENTS TO MATRICULATE AT IONA UNIVERSITY, THE STUDENT HAS NO DISCRETION ON HOW TO EXPEND THOSE FUNDS. ACCORDINGLY, THE UNIVERSITY DOES NOT FORMALLY MONITOR THE USE OF THE SCHOLARSHIP FUNDS SINCE IT IS REQUIRED THAT SUCH FUNDS BE USED TO OFFSET TUITION AND OTHER EDUCATIONALLY-RELATED COSTS. AS A NATIONAL COLLEGIATE ATHLETIC ASSOCIATION (NCAA) DIVISION I INSTITUTION, IONA UNIVERSITY AWARDS RECRUITED (AND RETURNING) ATHLETES SCHOLARSHIPS AND GRANTS IN ACCORDANCE WITH NCAA GUIDELINES FOR FULL-RIDE OR EQUIVALENCY SPORT ALLOCATIONS. THESE AWARDS MAY COVER TUITION, FEES, ROOM, BOARD, BOOKS AND LIVING EXPENSES PER NCAA RULES AND UNIVERSITY BUDGET ALLOCATIONS. AWARDS ARE RENEWED BASED ON ACADEMIC PERFORMANCE, ATHLETIC PARTICIPATION, TEAM ROSTER NEEDS AND AVAILABLE FUNDS. X X true true X X X false false false false false false false false false Dr Seamus Carey President 558532 0 75000 0 12865 0 10573 0 36269 0 693239 0 0 0 Anne Marie Schettini-Lynch SVP of Finance & Administration (Until 05/13/2022) 291752 0 28883 0 7026 0 15860 0 4109 0 347630 0 0 0 Darrell Wheeler Provost and SVP for Academic Affairs 298976 0 28928 0 4449 0 10573 0 27114 0 370040 0 0 0 Kathleen McElroy General Counsel (Until 01/02/2022) 204690 0 17428 0 1867 0 7793 0 12773 0 244551 0 0 0 Mary Ellen Callaghan Vice President for Strategic Initiatives & Board Secretary 208188 0 19763 0 662 0 15817 0 6175 0 250605 0 0 0 Kevin Curnin Chief Operating Officer 156766 0 0 0 0 0 0 0 2031 0 158797 0 0 0 Richard Pitino Men's Basketball Coach 732583 0 0 0 9906 0 9856 0 27171 0 779516 0 0 0 Kevin O'Sullivan SVP for Enrollment & Student Affairs 261815 0 26500 0 521 0 10072 0 24313 0 323221 0 0 0 Paul Sutera SVP for Advancement & External Affairs (Until 10/01/2021) 199220 0 26336 0 660 0 10646 0 30093 0 266955 0 0 0 Timothy Cluess Advisor to the President & Athletics 260838 0 0 0 3741 0 10750 0 2523 0 277852 0 0 0 Joseph Stabile Dean of the School of Arts &Science 220062 0 0 0 1846 0 15431 0 2234 0 239573 0 0 0 Schedule J, Part I, Line 1a Housing allowance or residence for personal use THE UNIVERSITY PROVIDES THE PRESIDENT HOUSING ON THE UNIVERSITY'S CAMPUS FOR THE CONVENIENCE OF THE EMPLOYER (IONA UNIVERSITY) AND AS A CONDITION OF EMPLOYMENT. THE FAIR MARKET VALUE OF SUCH LODGING IS EXCLUDED FROM THE PRESIDENT'S TAXABLE INCOME AND IS NOT REPORTED ON FORM 990, SCHEDULE J, PART II, COLUMN (D) AS A NONTAXABLE BENEFIT. Schedule J, Part I, Line 1a Personal services THE UNIVERSITY PROVIDES DR. SEAMUS CAREY, PRESIDENT, WITH CUSTODIAL STAFF THAT CLEANS THE PORTION OF HIS HOUSE THAT IS USED FOR BUSINESS. A CITY OF NEW ROCHELLE CORP FOR LOCAL DEVELOPMENT 611721247 648535AS1 2015-05-06 49537981 REFUNDING OF 2013 NROC BOND/CONSTRUCTION false false false B DORMITORY AUTHORITY OF THE STATE OF NEW YORK 146000293 65000BJE9 2021-12-01 39128383 Refunding of 2012 DASNY bond/Construction false false false A 4505000 49537981 2946436 2107765 773080 35524155 8186545 2016 true false true true B 0 39128383 520571 19525006 19603377 2021 true false true true A false false false false 0.0 0.0 0.0 false false true B false false false false 0.0 0.0 0.0 false false true A false false false true false false false false true B false true false false false false false false true A true B true Schedule K, Part IV, Line 2c COLUMN A Issuer name: CITY OF NEW ROCHELLE CORP. FOR LOCAL DEVELOPMENT The calculation for computing no rebate due was performed on 05/05/2020 X 19 497343 Market value 0 false true false Schedule M, Part I, Line 9 SCHEDULE M, PART I, LINE 9, COLUMN (B) AMOUNT IN COLUMN (B) REPRESENTS THE NUMBER OF CONTRIBUTIONS RECEIVED. Form 990, Part VI, Line 1a Delegate broad authority to a committee As provided in Article VII, Section 6 of the By-Laws, The Executive Committee shall be composed of the President of the University, the Chair and Vice Chair of the Board of Trustees and all chairpersons of standing committees, The Chair of the Board of Trustees shall be the Chair of the Executive Committee. The Chair, after consultation with the President, may appoint any other member of the Board to serve on the Executive Committee. The Committee's responsibilities shall include the following: 1. Between meetings of the Board of Trustees, supervising the general property and business affairs of the University except, that unless specifically empowered by the Board of Trustees to do so, it may not take any action inconsistent with a prior act of the Board of Trustees, alter by-laws, remove or appoint the President of the University or take any action which has been reserved to the Board; 2. Convening the Committee upon the call of the Chair or, on the request of the President, or on the request of at least three (3) members of the Committee; and 3. Reporting to the Board all actions taken by the Executive Committee since the last meeting of the Board. Form 990, Part VI, Line 4 Significant changes to organizational documents Iona University updated governing documents to include the addition of a Chief Operating Officer, and appointment and reporting line for Officers of the University. Form 990, Part VI, Line 11b Review of form 990 by governing body THE FORM 990 IS PREPARED BY A NATIONALLY RENOWNED ACCOUNTING FIRM IN CONJUNCTION WITH THE ORGANIZATION'S FINANCIAL DEPARTMENT. A COPY OF THE DRAFT FORM 990 IS CIRCULATED TO THE FULL BOARD OF TRUSTEES FOR DISCUSSION AND COMMENT. EACH BOARD MEMBER IS PROVIDED AMPLE OPPORTUNITY TO COMMENT ON THE INFORMATION CONTAINED IN THE FORM 990 PRIOR TO ITS ELECTRONIC FILING WITH THE IRS. Form 990, Part VI, Line 12c Conflict of interest policy EACH TRUSTEE OF THE UNIVERSITY IS REQUIRED UPON APPOINTMENT AND ANNUALLY TO DISCLOSE ANY CONFLICTS OF INTEREST THAT ARISE BY VIRTUE OF THEIR EMPLOYMENT, BOARD SERVICE, OR POSITION WITH THE UNIVERSITY. THE UNIVERSITY MONITORS COMPLIANCE WITH ITS CONFLICT OF INTEREST POLICY THROUGH AN ANNUAL QUESTIONNAIRE/DISCLOSURE STATEMENT THAT IS DISTRIBUTED TO THESE INDIVIDUALS BY THE SECRETARY OF THE BOARD. The Secretary provides a copy of all completed statements to the Chair of the Audit, Compliance and Risk Committee and the Chair of the Board. POTENTIAL CONFLICTS ARE INVESTIGATED IMMEDIATELY. Should a potential conflict arise, they are reviewed by the Audit, Compliance and Committee, which will attempt to resolve any actual or potential conflict and, in the absence of resolution, will refer the matter to the Board of Trustees for resolution. Form 990, Part VI, Line 15a Process to establish compensation of top management official THE UNIVERSITY UNDERTAKES A THOROUGH PROCESS TO ENSURE THAT THE EXECUTIVE COMPENSATION IT PAYS TO ITS TOP MANAGEMENT OFFICIAL IS REASONABLE GIVEN THE MARKET IN WHICH THE UNIVERSITY OPERATES. IN RELEVANT PART, THE BOARD OF TRUSTEES HAS ESTABLISHED A COMPENSATION COMMITTEE OF INDEPENDENT PERSONS THAT HAVE NO PERSONAL INTEREST IN THE PROPOSED COMPENSATION AGREEMENT. CONTEMPORANEOUS SUBSTANTIATION FOR THE COMPENSATION REVIEW IS WITH THE COMPENSATION COMMITTEE MINUTES WHICH INCLUDES THE USE OF COMPARATIVE DATA AVAILABLE IN THE MARKET. THE PROCESS WAS MOST RECENTLY PERFORMED IN MAY 2022. Form 990, Part VI, Line 19 Required documents available to the public THE ORGANIZATION DOES NOT ORDINARILY MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC, HOWEVER IF REQUESTED WILL BE PROVIDED AT MANAGEMENT'S DISCRETION. Form 990, Part VIII, Line 11d Other Miscellaneous Revenue Other Revenue - Total Revenue: 1024493, Related or Exempt Function Revenue: 1024199, Unrelated Business Revenue: 294, Revenue Excluded from Tax Under Sections 512, 513, or 514: ; Campus Membership & Parking Fines - Total Revenue: 3250, Related or Exempt Function Revenue: , Unrelated Business Revenue: 850, Revenue Excluded from Tax Under Sections 512, 513, or 514: 2400; Room Fees - Total Revenue: 81800, Related or Exempt Function Revenue: 81800, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ; Form 990, Part XI, Line 9 Other changes in net assets or fund balances CHANGE IN POSTRETIREMENT BENEFIT OBLIGATION - 1566000; Gain on Casualty - 34186; 748-754 NORTH AVENUE LLC 715 NORTH AVENUE NEW ROCHELLE NY 10801 472478619 REAL ESTATE NY 150182 2200000 IONA UNIVERSITY