2023-05-09T13:24:36-05:00 2022-06-30 366055558 GRANT THORNTON LLP 757 THIRD AVENUE 3RD FLOOR NEW YORK NY 100172013 990 2021-07-01 141442493 MARIST COLLEGE MARI 8455753000 3399 NORTH ROAD POUGHKEEPSIE NY 12601 ELIZABETH VEASEY CFO 8455753000 2023-05-10 1 ELIZABETH VEASEY 999009999 DANIEL ROMANO P00504182 2125990100 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z KEVIN WEINMAN 3399 NORTH ROAD POUGHKEEPSIE NY 12601 411111995 0 X WWW.MARIST.EDU X 1946 NY MARIST COLLEGE IS DEDICATED TO HELPING DEVELOP THE INTELLECT, CHARACTER (CONT IN SCHEDULE O) AND SKILLS REQUIRED FOR ENLIGHTENED, ETHICAL, AND PRODUCTIVE LIVES IN THE GLOBAL COMMUNITY. 31 31 3539 229 649606 157920 14847219 19681323 272668811 288467078 29049093 14853715 2785923 3922326 319351046 326924442 90050691 99524193 0 0 113004815 114524114 169351 192615 2305228 69319002 85023428 272543859 299264350 46807187 27660092 944369086 963437518 241632003 280221767 702737083 683215751 X MARIST COLLEGE IS DEDICATED TO HELPING DEVELOP THE INTELLECT, CHARACTER AND SKILLS REQUIRED FOR ENLIGHTENED, ETHICAL, AND PRODUCTIVE LIVES IN THE GLOBAL COMMUNITY. 0 0 237100089 97782588 235496723 MARIST COLLEGE IS A HIGHLY SELECTIVE, COMPREHENSIVE INSTITUTION NOTED FOR ITS LEADERSHIP IN THE USE OF TECHNOLOGY IN AND OUT OF THE CLASSROOM. MARIST IS CHARTERED BY THE STATE OF NEW YORK ANDITS POUGHKEEPSIE AND FLORENCE, ITALY CAMPUSES ARE FULLY ACCREDITED BY THE MIDDLE STATES COMMISSION ON HIGHER EDUCATION (MSCHE). MARIST'S STUDENT BODY IS COMPRISED OF 5,475 UNDERGRADUATE STUDENTS AND 989 GRADUATE STUDENTS WITH 55 BACHELOR'S PROGRAMS, 13 MASTER'S PROGRAMS, 11 CERTIFICATE PROGRAMS, AND 1 DOCTORAL PROGRAM. (CONTINUED IN SCHEDULE O)FOUNDED IN 1929, MARIST'S 228-ACRE CAMPUS OVERLOOKS THE HUDSON RIVER IN THE HEART OF THE HISTORIC HUDSON VALLEY AND IS SITUATED MIDWAY BETWEEN NEW YORK CITY AND ALBANY, THE STATE CAPITAL. WHAT STARTED AS A SCHOOL FOR THE TRAINING OF FUTURE MARIST BROTHERS HAS DEVELOPED INTO ONE OF THE MOST SELECTIVE COLLEGES IN THE NATION. MARIST IS ECUMENICAL IN CHARACTER AND REFLECTS THE IDEALS OF THE MARIST BROTHERS' FOUNDER, ST. MARCELLIN CHAMPAGNAT: COMMITMENT TO EXCELLENCE IN EDUCATION, THE IMPORTANCE OF COMMUNITY, AND DEDICATION TO THE PRINCIPLE OF SERVICE. MARIST COLLEGE IS DEDICATED TO THE DEVELOPMENT OF THE WHOLE PERSON IN A WAY THAT WILL PREPARE OUR GRADUATES TO LEAD ENLIGHTENED, ETHICAL, AND PRODUCTIVE LIVES IN THE GLOBAL COMMUNITY OF THE 21ST CENTURY.EFFECTIVE JANUARY 2018, THE COLLEGE ASSUMED CONTROL OF THE OPERATIONS OF SPROUT CREEK FARM INC. ("SPROUT CREEK") A NOT-FOR-PROFIT ORGANIZATION IN LAGRANGE, NEW YORK. SEVERAL OFFICERS OF THE COLLEGE ALSO SERVE AS OFFICERS OF SPROUT CREEK. IN APRIL 2020, THE COLLEGE DETERMINED THE FARM COULD NOT SUSTAIN ITS OPERATION. THE BOARD OF DIRECTORS ARE EVALUATING SEVERAL OPTIONS FOR THE FUTURE OF THE FARM. 38837051 1741605 52970355 MARIST COLLEGE PROVIDES A VARIETY OF AUXILIARY SERVICES TO BOTH ITS STUDENTS AND EMPLOYEES IN SUPPORT OF ITS EDUCATIONAL MISSION. AS PART OF THE STUDENT EXPERIENCE, MARIST OFFERS A VARIETY OF COLLEGE HOUSING TO OVER 3400 STUDENTS IN CORRIDOR, SUITE, APARTMENT, AND TOWNHOUSE-STYLE RESIDENCES. THE RESIDENTIAL LIFE PROGRAM AT MARIST IS BASED UPON THE PHILOSOPHY OF PROVIDING STUDENTS WITH A SAFE, HEALTHY, AND ATTRACTIVE LIVING-LEARNING ENVIRONMENT THAT SUPPORTS AND SUPPLEMENTS THE EDUCATIONAL MISSION OF THE COLLEGE. (CONTINUED IN SCHEDULE O)STUDENTS ARE HOUSED USING A "RITES OF PASSAGE" PHILOSOPHY, WHICH RECOGNIZES THAT A STUDENT'S DEVELOPMENT SHOULD BE SUPPORTED BY HIS/HER LIVING ENVIRONMENT, ANOTHER LARGE AUXILIARY FUNCTION INCLUDES FOOD SERVICE THROUGH BOTH A RESIDENT AND RETAIL DINING PROGRAM. THE RESIDENT DINING OPERATION PROVIDES FOOD ON A DAILY BASIS TO OVER 3000 PARTICIPANTS. THE CAMPUS'S SIX RETAIL CAFES OFFER A WIDE SELECTION OF HOT AND COLD DRINKS, SOUPS, SALADS, SANDWICHES, AND SNACKS. THE CAMPUS DINING EXPERIENCE IS FOCUSED ON CULINARY EXPERTISE, FRESH LOCAL AND REGIONAL INGREDIENTS, HEALTHY OPTIONS, AND A SHARED SENSE OF ENVIRONMENTAL AND SOCIAL RESPONSIBILITY. OTHER CAMPUS AUXILIARY SERVICES INCLUDE A BOOKSTORE, COMPUTER STORE, AND A CAMPUS/COMMUNITY DEBIT CARD ACCOUNT KNOWN AS MARIST MONEY. THROUGHOUT ALL OF THE COLLEGE'S AUXILIARY SERVICES, AN EMPHASIS IS PLACED ON PROMOTING SUSTAINABLE PRACTICES WHERE APPLICABLE AND INCLUDE, BUT ARE NOT LIMITED TO, EDUCATING FACULTY, STAFF, AND STUDENTS ABOUT THE IMPACT OF THEIR ACTIONS ON THE ENVIRONMENT; IDENTIFYING, ESTABLISHING, AND PUBLICIZING SUSTAINABILITY PRINCIPLES, GOALS, AND BEST PRACTICES; PROVIDING A FRAMEWORK FOR GUIDING SUSTAINABLE PROCEDURES, PROGRAMS, AND INITIATIVES; AND MONITORING AND REPORTING PROGRESS ON CAMPUS SUSTAINABILITY INITIATIVES. MARIST COLLEGE VOLUNTARILY CONTRIBUTES TO FAIRVIEW FIRE DISTRICT'S ANNUAL FUNDRAISING CAMPAIGN AND CONTRIBUTES FUNDS FOR CAPITAL IMPROVEMENT.FORM 990, PART V, LINE 1A:AMOUNT REPORTED IN BOX 3 OF FORM 1096MARIST COLLEGE IS REPORTING THE NUMBER FROM FORM 1096, BOX 3, LESS THE AMOUNT OF FORMS 1098-T PROVIDED TO STUDENTS DURING THE YEAR. FOR 2021, THERE WERE 7,568 FORMS 1098-T ISSUED. 275937140 1 1 0 1 0 0 0 1 0 1 1 1 0 1 1 1 0 1 1 1 1 0 0 1 1 1 0 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 0 0 1 X 322 0 3539 1 1 1 1 SP IT FR 0 0 0 1 1 0 0 0 0 0 0 X 31 31 0 0 0 0 0 0 0 1 1 0 1 1 1 1 1 1 1 1 1 1 0 X X ELIZABETH VEASEY CFO VP OF BA 8455753000 3399 NORTH ROAD POUGHKEEPSIE NY 12601 ELLEN M HANCOCK IMMEDIATE PAST CHAIR (THRU 4/22) 1.00 0.00 X X 0 0 0 ROSS A MAURI CHAIR 2.00 0.00 X X 0 0 0 ROBERT R DYSON TRUSTEE 1.00 0.00 X 0 0 0 NEIL BENDER TRUSTEE 1.00 0.00 X 0 0 0 TIMOTHY G BRIER TRUSTEE 1.00 0.00 X 0 0 0 JAMES A CANNAVINO TRUSTEE 1.00 0.00 X 0 0 0 STEPHEN COSGROVE TRUSTEE 1.00 0.00 X 0 0 0 STEVEN EFFRON TRUSTEE 1.00 0.00 X 0 0 0 STANLEY E HARRIS TRUSTEE 1.00 0.00 X 0 0 0 DANIEL G HICKEY SR TRUSTEE 1.00 0.00 X 0 0 0 JAMES P HONAN TRUSTEE 1.00 0.00 X 0 0 0 BROTHER JOHN KLEIN TRUSTEE 1.00 0.00 X 0 0 0 SURESH KOTHAPALLI TRUSTEE 1.00 0.00 X 0 0 0 PATRICK M LAVELLE TRUSTEE 1.00 0.00 X 0 0 0 CHRISTOPHER G MCCANN TRUSTEE 1.00 0.00 X 0 0 0 GENINE MCCORMICK TRUSTEE 1.00 0.00 X 0 0 0 JOHN P O'SHEA TRUSTEE (THRU 11/2021) 1.00 0.00 X 0 0 0 SUSAN L COHEN TRUSTEE 1.00 0.00 X 0 0 0 LAURIE DEJONG TRUSTEE 1.00 0.00 X 0 0 0 MARK V DENNIS TRUSTEE 1.00 0.00 X 0 0 0 DONALD DUET TRUSTEE 1.00 0.00 X 0 0 0 THOMAS J WARD TRUSTEE (THRU 11/2021) 1.00 0.00 X 0 0 0 JEROME A PICKETT TRUSTEE 1.00 0.00 X 0 0 0 BROTHER SEAN SAMMON TRUSTEE 1.00 0.00 X 0 0 0 TIM TENNEY VICE CHAIR 1.00 0.00 X 0 0 0 ALVIN PATRICK TRUSTEE 1.00 0.00 X 0 0 0 ROBERT SHANAHAN TRUSTEE 1.00 0.00 X 0 0 0 MAUREEN O'ROURKE TRUSTEE 1.00 0.00 X 0 0 0 ELIZABETH M WOLF TRUSTEE (THRU 11/2021) 1.00 0.00 X 0 0 0 GREG GARTLAND TRUSTEE 1.00 0.00 X 0 0 0 DENISE VANECH TRUSTEE (THRU 11/2021) 1.00 0.00 X 0 0 0 JAMES M BARNES TRUSTEE 1.00 0.00 X 0 0 0 EILEEN ALTOBELLI TRUSTEE 1.00 0.00 X 0 0 0 DONNA DILLENBERGER TRUSTEE 1.00 0.00 X 0 0 0 DIRK MCMAHON TRUSTEE (AS OF 11/2021) 1.00 0.00 X 0 0 0 KRISTIN NOTO TRUSTEE (AS OF 11/2021) 1.00 0.00 X 0 0 0 DENNIS J MURRAY INTERIM PRESIDENT (THRU 10/2021) 50.00 0.00 X 873451 0 187222 GEOFFREY L BRACKETT EXECUTIVE VICE PRESIDENT 50.00 2.00 X 483954 0 73502 JOHN PECCHIA- VP OF BUSINESS AFFAIRS, CFO (THRU 11/2021) 50.00 2.00 X 341216 0 48640 THOMAS WERMUTH VP OF ACADEMIC AFFAIRS 50.00 1.00 X 328150 0 56724 EMILY SALAND CHIEF OF STAFF/SECRETARY 50.00 0.00 X 168263 0 64114 ELIZABETH VEASEY- VP OF BUSINESS AFFAIRS, CFO (AS OF 11/2021) 50.00 1.00 X 176379 0 53589 KEVIN WEINMAN PRESIDENT (AS OF 10/2021) 50.00 0.00 X 200209 0 38867 SEAN P KAYLOR VP OF ADMISSIONS & ENROLLMENT 50.00 1.00 X 332958 0 84051 MICHAEL CAPUTO VP, INFORMATION TECHNOLOGY/CIO 50.00 0.00 X 325380 0 55768 CHRISTOPHER DELGIORNO VP OF COLLEGE ADVANCEMENT 50.00 0.00 X 272476 0 68202 DEBORAH DICAPRIO VP/DEAN OF STUDENT AFFAIRS 50.00 1.00 X 269232 0 61060 JUSTIN BUTWELL DIRECTOR OF PHYSICAL PLANT 50.00 2.00 X 218078 0 65487 JOHN RITSCHDORFF ASSOC. VP OF ACADEMIC AFFAIRS 50.00 0.00 X 229874 0 58835 CHRISTINA DANIELE VP OF HUMAN RESOURCES 50.00 1.00 X 186223 0 61167 JOHN DUNNE HEAD COACH, MEN'S BASKETBALL 50.00 0.00 X 355553 0 42145 LEE MIRINGOFF DIRECTOR OF MIPO 50.00 0.00 X 556025 0 72344 ROGER NORTON DEAN, COMPUTER SCIENCE & MATH 50.00 0.00 X 282140 0 61102 BARBARA CARVALHO DIRECTOR OF MARIST POLL 50.00 0.00 X 478040 0 47486 BRIAN GIORGIS HEAD COACH, WOMEN'S BASKETBALL 50.00 0.00 X 453320 0 44394 6530921 0 1244699 183 0 1 0 SODEXO INC AND AFFILIATES 9801 WASHINGTON BOULEVARD GAITHERSBURG MD 20878 FOOD SERVICE 8767825 UMBRELLA DIGITAL LLC 416 NELSON AVENUE CLIFFSIDE PARK NJ 07010 DIGITAL MARKETING 1565000 CAMBRIDGE ASSOCIATES LLC 125 HIGH STREET BOSTON MA 02110 INVESTMENT MGMT 1239560 GOVCONNECTION INC PO BOX 536477 PITTSBURGH PA 15253 TECHNOLOGY PRODUCTS & SERVICES 839672 ROSE PRESS INC 325 NORTH MACQUESTEN PARKWAY MT VERNON NY 10550 POSTAGE CHARGE FOR MASS MAILINGS 430624 40 47362 13071690 6562271 487237 19681323 TUITION FEES 611310 235496723 235496723 ROOM & BOARD 721310 52970355 52970355 288467078 2116904 2116904 96727770 83990959 12736811 12736811 12736811 105898 47362 183173 -77275 -77275 17040 13421 3619 3619 ATHLETICS 711210 1021848 1021848 IT CONTRACTS 541511 649606 649606 STUDENT ACTIVITES AND CLUBS 611710 620444 620444 1704084 1704084 3995982 326924442 288467078 649606 18126435 250000 250000 99274193 99274193 4787203 1354558 2684088 748557 62943 62943 78342086 71698056 5941101 702929 6491386 5639087 796712 55587 18863034 16585003 2036269 241762 5977462 5427813 496416 53233 9318292 9101054 217238 600691 600691 297451 297451 192615 192615 2344900 2344900 5091439 4324535 647657 119247 2225968 1884808 341160 4924931 4392922 439097 92912 5642636 4747898 894385 353 1364433 1292587 40824 31022 9823928 9332229 490473 1226 3766889 3641646 89167 36076 496093 465574 29131 1388 7011912 6974416 37496 18894460 18082654 811806 1604417 185344 1419073 INTERNATIONAL PROGRAM 5425951 5425951 CATERING & EVENTS 1334887 1102872 226119 5896 R/A ROOM AND BOARD 982983 982983 UNIFORMS/ATHLETIC EQUIP 873928 873928 2997239 2897029 77785 22425 299264350 275937140 21021982 2305228 101995 165534 86536399 106155387 4251468 3447623 5930143 6929389 3995681 3185748 327271 218876 1560193 1753779 677068069 278069287 414941881 398998782 85269026 58729502 331188382 319358941 10266647 64493957 944369086 963437518 25704224 20636861 9930289 9101018 184245432 235263962 21752058 15219926 241632003 280221767 X 590080904 579495934 112656179 103719817 702737083 683215751 944369086 963437518 X 27660092 -48428778 -2344900 3592254 X 0 1 X 1 1 1 X 12797124 14084749 12955817 14847219 19681323 74366232 12797124 14084749 12955817 14847219 19681323 74366232 1991023 72375209 2113778 2366387 2481681 1803551 2116904 10882301 0 0 96387 192242 157920 446549 4110774 4359657 4046304 2054733 3469313 18040781 103735863 1372412151 0.69770 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 4155 4155 0 PART II-B, LINE 1: LOBBYING EXPENSE THE COLLEGE IS A MEMBER OF THE NATIONAL ASSOCIATION OF INDEPENDENT COLLEGES AND UNIVERSITIES (NAICU) AND THE COMMISSION ON INDEPENDENT COLLEGES & UNIVERSITIES (CICU). THESE ORGANIZATIONS PROMOTE THE NEEDS OF HIGHER EDUCATION AND PROVIDES INFORMATION TO THE INDUSTRY. BOTH THE ASSOCIATION AND COMMISSION PROVIDE AN ALLOCATION OF THE ANNUAL DUES TO LOBBYING EFFORTS UPON REQUEST AND SUCH AMOUNTS HAVE BEEN DISCLOSED. 7897625 X X X 0 0 416682438 2111025 -38414888 1616039 737714 378024822 312885533 2261959 103524213 1480555 508712 416682438 297590169 5383555 11779580 1312584 555187 312885533 71167181 209988347 18379482 1232114 712727 297590169 64696887 2091573 6000293 1845348 -223776 71167181 0.78030 0.21970 0 0 7975076 7975076 396034114 135838403 260195711 173721355 64455632 109265723 83724515 74467523 9256992 15613009 3307729 12305280 398998782 DIRECT FOREIGN INVESTMENTS 167703288 F OTHER ALTERNATIVE INVESTMENTS 151655653 F 319358941 DEPOSITS WITH BOND TRUSTEES 62657790 RIGHT-OF-USE ASSETS 1411592 ASSETS HELD IN CHARITABLE REMAINDER TRUST 424575 64493957 ACCRUED POST RETIREMENT-BENEFITS 7467335 US GOV'T GRANT REFUNDABLE 3188752 INTEREST RATE SWAP OBLIGATION 1991467 OPERATING LEASE LIABILITIES 1440837 FINANCE LEASE OBLIGATIONS 808995 ANNUITIES PAYABLE 322540 15219926 X 223532386 -48428778 41990453 -6438325 229970711 2344900 94608831 96953731 326924442 202740189 429570 429570 202310619 2344900 94608831 96953731 299264350 PART III, LINE 4: COLLECTION OF ARTWORKS THE COLLEGE HOLDS A CULTURALLY AND HISTORICALLY DIVERSE COLLECTION OF ARTWORK, BOOKS, SCULPTURES, ARCHIVES, FILM REELS AND VARIOUS MEDIA THAT SERVE PRIMARILY AS LEARNING AND RESEARCH RESOURCES FOR FACULTY AND STUDENTS. PART V, LINE 4: ENDOWMENT FUNDS ENDOWMENT FUNDS ARE INTENDED TO BE USED FOR SCHOLARSHIPS AND TO SUPPORT ACADEMIC PROGRAMS OF THE COLLEGE. PART X, LINE 2: FIN 48 DISCLOSURE TAX EFFECTS FROM AN UNCERTAIN TAX POSITION ARE RECOGNIZED IN THE CONSOLIDATED FINANCIAL STATEMENTS ONLY IF THE POSITION IS "MORE-LIKELY-THAN-NOT" TO BE SUSTAINED IF THE POSITION WERE TO BE CHALLENGED BY A TAXING AUTHORITY. THE ASSESSMENT OF THE TAX POSITION IS BASED SOLELY ON THE TECHNICAL MERITS OF THE POSITION, WITHOUT REGARD TO THE LIKELIHOOD THAT THE POSITION MAY BE CHALLENGED. THE COLLEGE IS EXEMPT FROM INCOME TAX UNDER IRC SECTION 501(C)(3), THOUGH IT IS SUBJECT TO TAX ON INCOME UNRELATED TO ITS EXEMPT PURPOSES, UNLESS THAT INCOME IS OTHERWISE EXCLUDED BY THE CODE. PART XI, LINE 2D - OTHER ADJUSTMENTS: REALIZED/ UNREALIZED GAIN 42,013,840. DISPOSAL OF FIXED ASSETS -23,387. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS 94,608,831. PART XII, LINE 2D - OTHER ADJUSTMENTS: MRPS DEPRECIATION 429,570. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS 94,608,831. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE COLLEGE PUBLICIZES ITS RACIALLY NONDISCRIMINATORY POLICY ON ITS WEBSITE (MARIST.EDU) TO MAKE THE POLICY KNOWN TO ALL PARTS OF THE GENERAL COMMUNITY IT SERVES. SCHEDULE E, PART I, LINE 6 THE COLLEGE RECEIVES FINANCIAL AID AND OTHER GRANTS FROM FEDERAL AND STATE AGENCIES. EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 1 6 PROGRAM SERVICES ADMIN & EDUCATION 7036288 CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 INVESTMENTS 162400615 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 INVESTMENTS 5302673 CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 PROGRAM SERVICES EDUCATIONAL EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 0 0 PROGRAM SERVICES EDUCATIONAL RUSSIA AND NEIGHBORING STATES - ARMENIA, AZERBIJAN, BELARUS, 0 0 PROGRAM SERVICES EDUCATIONAL SUB-SAHARAN AFRICA - ANGOLA, BENIN, BOTSWANA, BURKINA FASO, 0 0 PROGRAM SERVICES EDUCATIONAL 31702 MIDDLE EAST AND NORTH AFRICA - ALGERIA, BAHRAIN, DJIBOUTI, EGYPT, 0 0 PROGRAM SERVICES EDUCATIONAL SOUTH ASIA - AFGHANISTAN, BANGLADESH, BHUTAN, INDIA, MALDIVES, NEPAL, 0 13 PROGRAM SERVICES ADMIN & EDUCATION 661000 SOUTH AMERICA - ARGENTINA, BOLIVIA, BRAZIL, CHILE, COLUMBIA, ECUADOR, 0 0 PROGRAM SERVICES EDUCATIONAL 1 6 0 13 1 19 174771278 661000 175432278 1 0 1 1 1 0 PART III ACCOUNTING METHOD: SCHEDULE F, PART IV MARIST COLLEGE INVESTS IN DOMESTIC AND FOREIGN LIMITED PARTNERSHIPS THAT MAY OWN AN INTEREST IN A FOREIGN CORPORATION, PASSIVE FOREIGN INVESTMENT COMPANY, OR FOREIGN PARTNERSHIP. NEVERTHELESS, THE COLLEGE'S INVESTMENT ACTIVITIES MAY NOT REACH THE THRESHOLDS REQUIRED FOR FILING THE FORMS 926, 5471, 8621 OR 8865. TO THE EXTENT SUCH A FORM WAS COMPLETED, IT HAS BEEN FILED WITH THE COLLEGE'S FORM 990-T. X X X X X X X 1 EAB GLOBAL INCORPORATED PO BOX 603519 CHARLOTTE NC 28260 CONSULTANT 0 200721 136886 63835 MATT DALY 702 PLEASANT VALLEY ROAD N GROTON CT 06340 SOLICIT 0 34000 55729 -21729 234721 192615 42106 AL AK AZ AR CA CO CT DE FL GA HI ID IL IN IA KS KY LA ME MD MA MI MN MS MO MT NE NV NH NJ NM NY NC ND OH OK OR PA RI SC SD TN TX UT VT VA WA WV WI WY SOM GOLF 62025 16937 45088 0 2263 7630 35410 3617 RED FOX GOLF-JUNE 45640 9950 35690 1500 4620 11533 6050 431 3 45595 20475 25120 1500 7560 62267 28308 10484 153260 47362 105898 3000 14443 81430 69768 14532 183173 -77275 17040 13000 421 0 17040 13000 421 13421 3619 NY 1 0 0 0 1.00000 0.00000 BRANDON JAMES 3399 NORTH ROAD POUGHKEEPSIE NY 12601 0 TIM MURRAY 0 OVERSEES ALL ASPECTS OF GAMING ACTIVITIES X 0 1 FAIRVIEW FIRE DISTRICT 258 VIOLET AVENUE POUGHKEEPSIE NY 12601 146000328 501 (A) 250000 0 COMMUNITY ASSISTANCE 1 INSTITUTIONAL SCHOLARSHIP 5709 94608831 0 HEERF RELIEF GRANTS 1994 4665362 0 PART I, LINE 2: ORGANIZATION'S PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS THE COLLEGE PROVIDES SCHOLARSHIPS AND FINANCIAL AIDS TO STUDENTS BASED ON NEED AND ACADEMIC PERFORMANCE. THE FUNDS ARE CREDITED DIRECTLY TO THE STUDENT'S ACCOUNT. RECORDS ARE MAINTAINED IN ACCORDANCE WITH THE COLLEGE'S POLICIES. THE COLLEGE'S FINANCIAL AID OFFICE ADHERES STRICTLY TO ALL FEDERAL AND STATE REGULATIONS AND IS SUBJECT TO THE COMPLIANCE AND INTERNAL CONTROLS REPORTS AS REQUIRED BY TITLE 2 U.S. CODE OF FEDERAL REGULATIONS PART 200, UNIFORM ADMINISTRATIVE REQUIREMENTS, COST PRINCIPLES, AND AUDIT REQUIREMENTS FOR FEDERAL AWARDS AND GOVERNMENT AUDITING STANDARDS AND RELATED INFORMATION. PART II, LINE 1D: MARIST COLLEGE VOLUNTARILY CONTRIBUTES TO THE FAIRVIEW FIRE DISTRICT'S ANNUAL FUNDRAISING CAMPAIGNS AND CONTRIBUTES FUNDS FOR CAPITAL INVESTMENTS. X X X 1 1 X X X X X 0 1 0 0 0 0 0 1 1 DENNIS J MURRAY INTERIM PRESIDENT (THRU 10/2021) 714435 0 150700 0 8316 0 131200 0 56022 0 1060673 0 0 0 LEE MIRINGOFF DIRECTOR OF MIPO 291442 0 700 0 263883 0 46200 0 26144 0 628369 0 0 0 GEOFFREY L BRACKETT EXECUTIVE VICE PRESIDENT 417092 0 40700 0 26162 0 42295 0 31207 0 557456 0 0 0 BARBARA CARVALHO DIRECTOR OF MARIST POLL 226001 0 700 0 251339 0 34800 0 12686 0 525526 0 0 0 BRIAN GIORGIS HEAD COACH, WOMEN'S BASKETBALL 200593 0 10700 0 242027 0 31769 0 12625 0 497714 0 0 0 SEAN P KAYLOR VP OF ADMISSIONS & ENROLLMENT 305044 0 20700 0 7214 0 46200 0 37851 0 417009 0 0 0 JOHN DUNNE HEAD COACH, MEN'S BASKETBALL 341939 0 5700 0 7914 0 29250 0 12895 0 397698 0 0 0 JOHN PECCHIA- VP OF BUSINESS AFFAIRS, CFO (THRU 11/2021) 297841 0 25700 0 17675 0 36322 0 12318 0 389856 0 0 0 THOMAS WERMUTH VP OF ACADEMIC AFFAIRS 303846 0 20700 0 3604 0 43849 0 12875 0 384874 0 0 0 MICHAEL CAPUTO VP, INFORMATION TECHNOLOGY/CIO 298434 0 25700 0 1246 0 28644 0 27124 0 381148 0 0 0 ROGER NORTON DEAN, COMPUTER SCIENCE & MATH 278367 0 700 0 3073 0 34800 0 26302 0 343242 0 0 0 CHRISTOPHER DELGIORNO VP OF COLLEGE ADVANCEMENT 260882 0 5700 0 5894 0 30450 0 37752 0 340678 0 0 0 DEBORAH DICAPRIO VP/DEAN OF STUDENT AFFAIRS 240702 0 25700 0 2830 0 34800 0 26260 0 330292 0 0 0 JOHN RITSCHDORFF ASSOC. VP OF ACADEMIC AFFAIRS 215494 0 13200 0 1180 0 31730 0 27105 0 288709 0 0 0 JUSTIN BUTWELL DIRECTOR OF PHYSICAL PLANT 196629 0 20700 0 749 0 31760 0 33727 0 283565 0 0 0 CHRISTINA DANIELE VP OF HUMAN RESOURCES 167811 0 18200 0 212 0 23942 0 37225 0 247390 0 0 0 KEVIN WEINMAN PRESIDENT (AS OF 10/2021) 147158 0 50700 0 2351 0 27000 0 11867 0 239076 0 0 0 EMILY SALAND CHIEF OF STAFF/SECRETARY 142465 0 25700 0 98 0 20805 0 43309 0 232377 0 0 0 ELIZABETH VEASEY- VP OF BUSINESS AFFAIRS, CFO (AS OF 11/2021 168481 0 7700 0 198 0 16220 0 37369 0 229968 0 0 0 PART I, LINE 1A TRAVEL FOR COMPANIONS TRAVEL FOR COMPANION(S) IS VERY LIMITED AND ALWAYS INCLUDES A CLEAR BUSINESS PURPOSE FOR THE COMPANION(S) AND MUST BE PRE-APPROVED BY THE PRESIDENT. PRESIDENT'S COMPANION(S) IS APPROVED BY THE CHAIR OF BOARD OF TRUSTEES. ALL TRAVEL BENEFITS PROVIDED WERE DETERMINED TO BE FOR A BUSINESS PURPOSE AND THEREFORE NOT INCLUDED IN TAXES AND WAGES. PART I, QUESTION 1A: HOUSING ALLOWANCE OR RESIDENCE FOR PERSONAL USE THE INTERIM PRESIDENT AND PRESIDENT OF THE COLLEGE ARE PROVIDED WITH HOUSING IN CLOSE PROXIMITY TO THE CAMPUS IN ORDER FOR THEM TO ATTEND TO EMERGENT SITUATIONS ON A 24/7 BASIS. THE HOUSING IS PROVIDED AS A CONDITION OF EMPLOYMENT, IS USED FOR COLLEGE BUSINESS AND ENTERTAINMENT PURPOSES AND AS A CONVENIENCE TO THE COLLEGE TO ENABLE THEM TO PERFORM THEIR DUTIES. THE FAIR MARKET VALUE OF THE RESIDENCE IS SHOWN IN COLUMN D, AMOUNTS ARE BASED ON THE VALUE OF PROPERTY. PART I, QUESTION 1A: HEALTH OR SOCIAL CLUB DUES OR INITIATION FEES THE COLLEGE PAYS CLUB MEMBERSHIP FEES FOR FOUR EXECUTIVES, WHICH ARE INTENDED TO BE USED EXCLUSIVELY FOR THE COLLEGE'S BUSINESS ENTERTAINMENT OR COLLEGE SPONSORED EVENTS. TO THE EXTENT THERE IS ANY PERSONAL USE OF THESE PRIVILEGES, THE INDIVIDUAL EXECUTIVES ARE TAXED ON THE VALUE OF THE USE. ONLY ONE OF THE FOUR EXECUTIVES ARE TAXED ON PERSONAL USE OF THE MEMBERSHIP. THE OTHER THREE EXECUTIVES USE THE MEMBERSHIP EXCLUSIVELY FOR BUSINESS PURPOSES. PART I, LINE 3: THE EXECUTIVE COMMITTEE RECOMMENDS THE PRESIDENT'S COMPENSATION, WHICH IS APPROVED BY THE FULL BOARD OF TRUSTEES IN EXECUTIVE SESSION. THE RECOMMENDATION IS BASED ON THE OUTCOME OF THE PRESIDENT'S EVALUATION (WITH AN EMPHASIS ON PERFORMANCE), ADVICE FROM OUTSIDE COMPENSATION CONSULTANTS, AND A REVIEW OF RECENT DATA FROM THE COLLEGE AND UNIVERSITY PROFESSIONAL ASSOCIATION'S (CUPA) ADMINISTRATIVE COMPENSATION SURVEY. THE EXECUTIVE COMMITTEE ALSO DISCUSSES THE COMPENSATION OF OTHER LEADING COLLEGE AND UNIVERSITY PRESIDENTS, COMPARABLE NON-PROFIT EXECUTIVES, AND EXECUTIVES IN THE PRIVATE SECTOR. ON AN ANNUAL BASIS, THE COLLEGE'S EXECUTIVES CUPA COMPARATIVE DATA IS REVIEWED BY THE PRESIDENT AND SHARED WITH THE BOARD'S EXECUTIVE COMMITTEE. PART I, LINE 4B: SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN THE COLLEGE HAS IN PLACE A NON-QUALIFIED DEFERRED COMPENSATION PLAN FOR A HEAD COACH AND INTERIM PRESIDENT. THE HEAD COACH'S DEFERRED COMPENSATION WAS PAID IN CALENDAR YEAR 2021 AND IS INCLUDED IN COLUMN B(III). ANNUAL ACCRUALS FOR THESE BENEFITS HAVE BEEN REPORTED DESPITE BEING SUBJECT TO A SUBSTANTIAL RISK OF FORFEITURE AND CONTINGENT UPON THE INDIVIDUALS'S CONTINUED EMPLOYMENT AT THE COLLEGE. THE VALUE OF THE ACCRUAL FOR THE INTERIM PRESIDENT FOR CALENDAR YEAR 2021 IS INCLUDED IN THE DEFERRED COMPENSATION COLUMN (COLUMN C) OF SCHEDULE J. PART I, LINE 7 NON-FIXED PAYMENTS ANNUALLY, PAY AWARDS WERE GIVEN IN RECOGNITION OF EMPLOYEES' CONTRIBUTIONS TO THE OVERALL SUCCESS OF THE COLLEGE. ANY VARIABLE PAY AWARDS IN FUTURE YEARS WILL BE CONTINGENT ON INDIVIDUAL PERFORMANCE AND THE CONTINUED SUCCESS OF THE COLLEGE. PART I, LINE 8 FIXED PAYMENTS ASSOCIATED WITH THE CONTRACT ENTERED INTO WITH THE PRESIDENT ARE SUBJECT TO THE INITIAL CONTRACT EXCEPTION. THE TERMS OF THE CONTRACT WERE NEGOTIATED AT AN ARM'S LENGTH AND THE PRESIDENT WAS NOT A DISQUALIFIED PERSON IMMEDIATELY PRIOR TO ENTERING INTO THE INITIAL CONTRACT. A DUTCHESS COUNTY IDA 141613685 267041GN5 2008-01-25 20000000 STUDENT HOUSING (30 FULTON), PARKING LOT, ROADWAY 0 0 0 B DUTCHESS COUNTY LDC 273106797 267045CV2 2013-03-28 15262546 ADDITION AND RENOV. OF STUDENT CTR, WALKWAY, PATIO 0 0 0 C DUTCHESS COUNTY LDC 273106797 267045FF4 2015-06-25 90557609 ALLIED SCIENCE BLDG AND NORTH CAMPUS HOUSING 0 0 0 D DUTCHESS COUNTY LDC 273106797 NONEAVAIL 2013-09-12 33045000 2013B 1-3 REFUNDING 1998, 1999 AND 2005 BONDS 0 0 0 A 6175000 20000000 301630 81184 19414060 203126 2009 0 0 1 1 B 2485000 15262546 259259 15003287 2014 0 0 1 1 C 5970000 90557609 851534 89706075 2016 0 0 1 1 D 12915520 33045000 272449 32772551 2006 1 0 1 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 D 0 0 0 0 0 0 1 A 0 0 0 1 1 0 0 0 1 B 0 0 0 1 0 0 0 0 1 C 0 0 0 1 0 0 0 0 1 D 0 0 1 0 1 0 0 0 1 A 1 B 1 C 1 D 1 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: DUTCHESS COUNTY IDA DATE THE REBATE COMPUTATION WAS PERFORMED: 11/12/2015 ISSUER NAME: DUTCHESS COUNTY LDC DATE THE REBATE COMPUTATION WAS PERFORMED: 03/28/2018 ISSUER NAME: DUTCHESS COUNTY LDC DATE THE REBATE COMPUTATION WAS PERFORMED: 06/25/2020 PART IV, LINE 2C, COLUMN D THE REBATE COMPUTATION WAS COMPLETED ON 10/30/2020. SCHEDULE K AN ASSET MANAGEMENT FIRM PERFORMED AN ARBITRAGE REBATE & YIELD RESTRICTION LIABILITY CALCULATION FOR MARIST COLLEGE. IT WAS COMPLETED ON 11/12/15. BASED ON THEIR FINDINGS, THE COLLEGE WAS FOUND TO BE COMPLIANT. PART II, LINE 7, STUDENT CENTER ADDITION/RENOVATION THE COLLEGE FINANCED A PORTION OF THE COSTS OF ISSUANCE WITH A POST-ISSUE DATE EQUITY CONTRIBUTION AND APPLIED THE ADDITIONAL PROCEEDS TO FINANCE PROJECT COSTS. THE POST-ISSUANCE EQUITY CONTRIBUTION CAUSED THE ACTUAL AMOUNT OF BOND-FINANCED ISSUANCE COSTS TO BE LESS THAN THE AMOUNT REPORTED ON THE FORM 8038. PART II, LINE 10, COLUMNS A & B AMOUNTS LISTED INCLUDE CAPITALIZED DELIVERY DATE EXPENSES NOT SUBJECT TO THE 2 PERCENT LIMITATION IN SECTION 147(G) OF THE CODE. A DUTCHESS COUNTY LDC 273106797 NONEAVAIL 2016-04-01 13560000 REFUNDING 2000A BONDS 0 0 0 B DUTCHESS COUNTY LDC 273106797 267045LM2 2018-10-04 40537062 STEEL PLANT STUDIOS, MCCANN ATHLETIC CENTER 0 0 0 C DUTCHESS COUNTY LDC 273106797 267045QW5 2022-05-10 59791579 DYSON CENTER 0 0 0 A 4035000 13560000 218884 13341116 2001 1 0 1 1 B 40537062 537062 40000000 2019 0 0 1 1 C 59791579 566585 2898702 261392 56064900 2023 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 1 0 1 0 0 0 1 B 0 1 0 0 0 0 0 0 1 C 0 1 0 0 0 0 0 0 1 A 1 B 1 C 1 MARILYN MURRAY SPOUSE OF OFFICER 62943 EMPLOYEE 0 X 15 463673 AVG PRICE DOT X 2 23564 APPRAISAL & F.M.V 0 1 0 EXPLANATION OF NONCASH CONTRIBUTIONS MARIST COLLEGE REPORTS THE NUMBER OF CONTRIBUTIONS RECEIVED IN COLUMN B, NOT THE NUMBER OF ITEMS. FORM 990, PART VI, SECTION B, LINE 11B ORGANIZATION'S REVIEW PROCESS OF FORM 990 THE ORGANIZATION'S FORM 990 IS PRESENTED TO THE AUDIT COMMITTEE BY THE INDEPENDENT ACCOUNTING FIRM AND REVIEWED BY THE BOARD OF TRUSTEES PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C ENFORCEMENT AND COMPLIANCE OF CONFLICTS OF INTEREST POLICY AS AN ON-GOING PRACTICE AND AS REQUIRED BY OUR CODE OF ETHICS, ALL TRUSTEES ARE REQUIRED TO COMPLETE CONFLICT OF INTEREST STATEMENTS ON AN ANNUAL BASIS IN WHICH THEY ARE ASKED TO DISCUSS ANY BUSINESS RELATIONSHIPS THEY OR A MEMBER OF THEIR FAMILIES HAVE WITH THE COLLEGE. THE AUDIT COMMITTEE REVIEWS THESE STATEMENTS FOR COMPLIANCE ANNUALLY. OUR CODE OF ETHICS ALSO REQUIRES THAT ALL EXECUTIVES, DEANS AND SELECTED STAFF WITH FISCAL RESPONSIBILITIES FOR THE COLLEGE COMPLETE A CONFLICT OF INTEREST STATEMENT ANNUALLY. COMPLETED STATEMENTS THAT INDICATE A POTENTIAL CONFLICT OF INTEREST ARE REVIEWED BY THE CHIEF FINANCIAL OFFICER, VICE PRESIDENT FOR HUMAN RESOURCES, AND THE EXECUTIVE VICE PRESIDENT. IF A CONFLICT EXISTS, APPROPRIATE ACTION IS TAKEN TO ENSURE FULL DISCLOSURE OR TERMINATION OF THE ARRANGEMENT. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION PROCESS FOR TOP MANAGEMENT OFFICIAL THE COMPENSATION AND RETIREMENT PROGRAM FOR THE PRESIDENT WAS BASED ON A COMPREHENSIVE ANALYSIS CONDUCTED BY AN INDEPENDENT EXECUTIVE COMPENSATION CONSULTING FIRM. THE PRESIDENT'S CONTRACT WAS RECOMMENDED BY THE EXECUTIVE COMMITTEE OF THE BOARD (RESPONSIBLE FOR PRESIDENTIAL EVALUATION AND COMPENSATION), AND APPROVED BY THE FULL BOARD OF TRUSTEES. THE PRESIDENT'S PERFORMANCE IS REVIEWED ON AN ANNUAL BASIS BY THE EXECUTIVE COMMITTEE OF THE BOARD AND CHANGES IN COMPENSATION ARE RECOMMENDED TO THE FULL BOARD FOR APPROVAL. THE EXECUTIVE COMMITTEE OF THE BOARD BASES ITS RECOMMENDATIONS FOR ADJUSTMENTS ON PERFORMANCE AND A REVIEW OF APPROPRIATE COLLEGE AND UNIVERSITY PERSONNEL ASSOCIATION (CUPA) DATA ON PRESIDENTIAL COMPENSATION AND THE PROCESS AND DECISION IS CONTEMPORANEOUSLY DOCUMENTED IN THE MINUTES. COMPENSATION PROCESS FOR OFFICERS AND KEY EMPLOYEES SENIOR OFFICER COMPENSATION IS ESTABLISHED AFTER A REVIEW OF COMPENSATION DATA FROM CUPA AT PRIVATE INSTITUTIONS OF HIGHER EDUCATION BASED ON ANNUAL BUDGET SIZE AND ENROLLMENT. IN ADDITION TO SALARY COMPARABILITY AT OTHER INSTITUTIONS, PERFORMANCE AND YEARS OF SERVICE IN THE POSITION ARE ALSO FACTORS CONSIDERED BY THE PRESIDENT IN DETERMINING A SENIOR OFFICER'S ANNUAL SALARY. ONCE THE PRESIDENT HAS COMPLETED HIS REVIEW OF SENIOR OFFICER COMPENSATION, THE PRESIDENT'S RECOMMENDATIONS ARE BROUGHT TO THE BOARD OF TRUSTEES FOR REVIEW AND APPROVAL. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS DISCLOSURE THE COLLEGE'S GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST FROM THE OFFICE OF THE CHIEF FINANCIAL OFFICER. THE FINANCIAL STATEMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE ON THE COLLEGE'S WEBSITE AT MARIST.EDU. FORM 990, PART XI, LINE 9: CHANGE IN INTEREST RATE SWAP OBLIGATION, OTHER 2,847,809. FASB 158 ADJUSTMENT 2,554,345. PAYMENT TO BENEFICIARIES -71,194. ADJUSTMENT OF IMPAIRED ASSETS -1,738,706. 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