2023-05-05T10:06:42-05:00 2022-06-30 366055558 GRANT THORNTON LLP 757 THIRD AVENUE 3RD FLOOR NEW YORK NY 100172013 990 2021-07-01 131628206 MARYMOUNT MANHATTAN COLLEGE MARY 2125170400 221 EAST 71ST STREET NEW YORK NY 100214597 WILLIAM REUTER INTERIM VP FIN & ADMIN/CFO 2125170400 2023-05-05 1 WILLIAM REUTER XXX-XX-XXXX DANIEL ROMANO P00504182 2125990100 0 AAL1 IAL1 2021 2023-04-26 12:10:37Z DR KERRY WALK 221 EAST 71ST ST NEW YORK NY 100214597 106897729 0 X HTTP://WWW.MMM.EDU X 1961 NY MARYMOUNT MANHATTAN COLLEGE IS AN URBAN, INDEPENDENT, LIBERAL ARTS COLLEGE (SEE SCHEDULE O). 26 25 1001 18 0 0 21861804 18392295 65134811 72207752 995873 10333035 -18159 80942 87974329 101014024 25316687 27233652 0 0 29432820 32631618 0 0 1559029 26712880 27934456 81462387 87799726 6511942 13214298 160701211 162377913 58148911 65580631 102552300 96797282 X MARYMOUNT MANHATTAN COLLEGE IS AN URBAN, INDEPENDENT, LIBERAL ARTS COLLEGE (SEE SCHEDULE O). 0 0 66496230 27233652 60756977 INSTITUTIONAL PROGRAM ACTIVITIES: OFFERING ASSISTANCE TO STUDENTS IN NEED IS ESSENTIAL TO ACHIEVE THE COLLEGE'S GOAL TO SERVE A SOCIALLY AND ECONOMICALLY DIVERSE STUDENT BODY. MMC CURRENTLY EDUCATES OVER 1,770 FULL- AND PART-TIME STUDENTS REPRESENTING 46 STATES AND 13 COUNTRIES. APPROXIMATELY 40.6% OF OUR STUDENTS ARE MINORITIES, AND 12.4% ARE DEGREE-SEEKING RETURNING ADULTS. MMC STUDENTS CAN PURSUE DEGREES IN 36 MAJOR PROGRAMS OF STUDY, CHOOSE FROM AMONG 45 MINORS AND PRE-PROFESSIONAL PROGRAMS, HOLD INTERNSHIPS AT RENOWNED NEW YORK CITY COMPANIES, ENGAGE IN SOPHISTICATED RESEARCH PROJECTS, STUDY ABROAD, AND PARTICIPATE IN SERVICE-LEARNING OPPORTUNITIES. SEE SCHEDULE O. 11705367 0 11292668 AUXILIARY SERVICES: DURING FISCAL 2022, APPROXIMATELY 602 STUDENTS MADE THEIR HOME AT MMC. THE 55TH STREET RESIDENCE IS OWNED BY THE COLLEGE AND IS THE FIRST-YEAR RESIDENCE HALL. CONTINUING STUDENTS LIVE AT THE COOPER SQUARE RESIDENCE HALL. EACH HALL IS LOCATED WITHIN A 30 MINUTE COMMUTE OF THE COLLEGE AND STAFFED WITH 24-HOUR SECURITY. RESIDENCE DIRECTORS AND RESIDENT ADVISORS STRIVE TO CREATE A SENSE OF COMMUNITY BY PROVIDING EDUCATIONAL AND SOCIAL PROGRAMS. SEE SCHEDULE O. 258206 0 158107 ACADEMIC ACCESS: THE PROGRAM FOR ACADEMIC ACCESS ADDRESSES MANY FUNDAMENTAL PRINCIPLES OF MARYMOUNT MANHATTAN'S MISSION. IT IS A PROGRAM FOR STUDENTS WITH LEARNING DISABILITIES THAT ISSPECIFICALLY DESIGNED TO FOSTER ACADEMIC SUCCESS. THROUGH ACCOMMODATIONS AND MULTIFACETED SUPPORT, STUDENTS WITH LEARNING DIFFICULTIES ARE ABLE TO MANAGE THE MARYMOUNT MANHATTAN CURRICULUM ALONG WITH THEIR PEERS AND CLASSMATES. SEE SCHEDULE O. 78459803 1 1 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 0 0 1 27 0 1 1001 1 0 0 0 0 0 0 0 0 0 0 0 0 X 26 25 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X X MAISHA WILLIAMS 2125170531 221 EAST 71ST STREET NEW YORK NY 100214597 DR KERRY WALK PRESIDENT 35.00 0.00 X X 374549 0 244177 PATRICIA A AGNELLO TRUSTEE 1.00 0.00 X 0 0 0 LINDA BASILICE HOERRNER TRUSTEE 1.00 0.00 X 0 0 0 CAROL BERMAN TRUSTEE 1.00 0.00 X 0 0 0 VALERIE A BROWN TRUSTEE 1.00 0.00 X 0 0 0 HELEN DEMETRIOS TRUSTEE 1.00 0.00 X 0 0 0 ROSE DIMARTINO TRUSTEE 1.00 0.00 X 0 0 0 ABBY C FIORELLA TRUSTEE, VICE CHAIR 1.00 0.00 X X 0 0 0 KRISTINA STROH GIMBEL TRUSTEE 1.00 0.00 X 0 0 0 MAUREEN C GRANT PHD TRUSTEE 1.00 0.00 X 0 0 0 LISA TACHICK HOOPER TRUSTEE 1.00 0.00 X 0 0 0 JOY D HOWELL MD TRUSTEE 1.00 0.00 X 0 0 0 JOHN H HUNT TRUSTEE 1.00 0.00 X 0 0 0 JAISHRI KAPOOR TRUSTEE 1.00 0.00 X 0 0 0 HOPE KNIGHT TRUSTEE (NON VOTING) 1.00 0.00 X 0 0 0 PAUL C LOWERRE TRUSTEE (NON VOTING) 1.00 0.00 X 0 0 0 BARBARA LYNCH LOUGHLIN TRUSTEE 1.00 0.00 X 0 0 0 MICHAEL J MATERASSO TRUSTEE, CHAIR 1.00 0.00 X X 0 0 0 KAREN MOORE TRUSTEE 1.00 0.00 X 0 0 0 MARIELY MORONTA-SANCHEZ TRUSTEE 1.00 0.00 X 0 0 0 CATHERINE M PATTEN RSHM TRUSTEE, SECRETARY 1.00 0.00 X X 0 0 0 JUDITH L ROBINSON TRUSTEE 1.00 0.00 X 0 0 0 STACEY RYAN-CORNELIUS TRUSTEE 1.00 0.00 X 0 0 0 MICHAEL G STEWART MD MPH TRUSTEE 1.00 0.00 X 0 0 0 CECILIA TUDELA-MONTERO TRUSTEE 1.00 0.00 X 0 0 0 EDWARD VAN SADERS TRUSTEE 1.00 0.00 X 0 0 0 CATHERINE VINCIE RSHM PHD TRUSTEE 1.00 0.00 X 0 0 0 CLEVIE YOUNGBLOOD RSHM TRUSTEE 1.00 0.00 X 0 0 0 LUCILLE ZANGHI TRUSTEE (NON VOTING) 1.00 0.00 X 0 0 0 TODD E HEILMAN VP FOR STUDENT SUCCESS & ENGAGEMENT 35.00 0.00 X 231654 0 50110 PETER F NACCARATO VP AA & DEAN OF FACULTY 35.00 0.00 X 208893 0 31746 MAISHA MK WILLIAMS EVP, FINANCE & ADMIN & CFO 35.00 0.00 X 240666 0 60278 GRAHAM A CIRAULO VP INSTITUTIONAL ADVANCEMENT 35.00 0.00 X 188202 0 47868 DALE H HOCHSTEIN CHIEF INFORMATION OFFICER 35.00 0.00 X 216019 0 26797 KATHLEEN A LEBESCO AVP FOR STRATEGIC INITIATIVES 35.00 0.00 X 186520 0 31555 JOHN RAGNO ASST. VP - CONTROLLER 35.00 0.00 X 161501 0 52123 LINDA Z SOLOMON PROFESSOR 35.00 0.00 X 214738 0 24149 BREE A BULLINGHAM ASSOCIATE VP OF HUMAN RESOURCES 35.00 0.00 X 159516 0 48306 RICHARD SHELDON ASSOCIATE VP FOR ACADEMIC ADMIN. 35.00 0.00 X 159344 0 27552 HAILA STRAUSS PROFESSOR 35.00 0.00 X 168162 0 20219 EMMALYN YAMRICK DEAN OF STUDENTS 35.00 0.00 X 158645 0 29647 2668409 0 694527 62 0 1 0 SHAWMUT DESIGN AND CONSTRUCTION 560 HARRISON BLVD BOSTON MA 02118 CONSTRUCTION MGMT SERVICES 9070628 231-235 EAST 55TH STREET 231-235 EAST 55TH STREET NEW YORK NY 10022 BUILDING MGMT SERVICES 993817 COMPASS GROUP NORTH AMERICA 2400 YORKMONT ROAD CHARLOTTE NC 28217 FOOD SERVICES 809873 CHAMPION ELEVATOR CORP 1450 BROADWAY 5TH FLOOR NEW YORK NY 10018 ELEVATOR MAINTENANCE 372147 DSK DEWING SCHMID KEARNS 30 MONUMENT SQUARE SUITE 200B CONCORD MA 01742 ARCHITECT SERVICES 361311 22 43315 13271582 5077398 86533 18392295 TUITION & FEES 611310 60756977 60756977 RESIDENCE HOUSING 721310 9653224 9653224 FOOD SERVICES 722514 1639444 1639444 ACADEMIC PROGRAMS 611310 158107 158107 72207752 9793238 9793238 119937 259259 -139322 -139322 -139322 6100320 5560523 539797 539797 539797 6065 43315 23565 -17500 -17500 90686 40358 50328 50328 MISC. OFFSITE FOOD SERVICES 722310 161822 161822 OTHER 900099 25614 25614 187436 101014024 72207752 0 10413977 27233652 27233652 2565874 1557819 802055 206000 22805760 18326549 3692920 786291 1933617 1518738 339854 75025 3371510 2634041 604109 133360 1954857 1535421 343587 75849 5004447 4288284 605879 110284 217001 217001 239750 239750 88567 88567 968631 963894 4737 659491 610544 45990 2957 1620999 1253839 300046 67114 1948217 1868715 68548 10954 105703 87854 10302 7547 421993 360121 23477 38395 2802031 2790313 10080 1638 4369105 4155355 183873 29877 1564034 1564034 HOUSING RENTAL 4496486 4341801 154685 FOOD SERVICE OPERATIONS 1926182 1926182 BAD DEBT RESERVE 1367238 1367238 DUES & MEMBERSHIPS 120466 64135 48213 8118 14115 11274 1958 883 87799726 78459803 7780894 1559029 3900209 5862192 26153622 10799518 20587615 7471263 2812997 2725215 150110371 78586131 61222782 71524240 38781497 42597332 7242489 21398153 160701211 162377913 6678413 7971617 1795805 1732873 49674693 55876141 58148911 65580631 X 48350926 38738944 54201374 58058338 102552300 96797282 160701211 162377913 13214298 -18969316 0 X 0 1 X 1 1 1 X 3953666 3577215 18326251 21861804 18392295 66111231 3953666 3577215 18326251 21861804 18392295 66111231 25046206 41065025 1159217 1423445 1296734 555810 9913175 14348381 121517 174920 106364 135974 193502 732277 81191889 371331676 0.50580 0.45690 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS OFFSITE FOOD SERVICES - 2017 AMOUNT: $ 89,356. 2018 AMOUNT: $ 117,182. 2019 AMOUNT: $ 95,496. 2020 AMOUNT: $ 129,465. 2021 AMOUNT: $ 161,822. OTHER - 2017 AMOUNT: $ 15,206. 2018 AMOUNT: $ 8,568. 2019 AMOUNT: $ 10,868. 2020 AMOUNT: $ 6,509. 2021 AMOUNT: $ 25,615. GROSS INCOME FROM FUNDRAISING EVENTS - 2017 AMOUNT: $ 16,955. 2018 AMOUNT: $ 49,170. 2019 AMOUNT: $ 0. 2020 AMOUNT: $ 0. 2021 AMOUNT: $ 6,065. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 30927734 333472 -4576072 1063938 25621196 21143119 4141334 6439993 796712 30927734 21266020 955719 -249592 829028 21143119 20940314 490595 642951 807840 21266020 19814642 409802 1469569 753699 20940314 0.78000 0.22000 0 0 18094588 18094588 108258960 56879505 51379455 750847 719076 31771 20518279 18522411 1995868 2487697 2465139 22558 71524240 OTHER ASSETS 8802485 RIGHT-OF-USE ASSETS 12144858 FUNDS HELD BY OTHERS 450810 21398153 NOTE PAYABLE - PPP ADVANCE 353536 ASSET RETIREMENT OBLIGATION 668502 LEASE LIABILITY 12934884 55TH STREET - REFINANCE 41919219 55876141 X 55045671 -18969316 323182 -18646134 73691805 88567 27233652 27322219 101014024 60800689 323182 323182 60477507 88567 27233652 27322219 87799726 PART V, LINE 4: INTENDED USES OF ENDOWMENT FUNDS MOST ENDOWMENT FUNDS ARE USED FOR SCHOLARSHIPS. SOME FUNDS ARE USED TO FUND SCIENCE AND LIBRARY DEPARTMENTS. PART X, LINE 2: THE COLLEGE ACCOUNTS FOR UNCERTAINTIES IN INCOME TAXES RECOGNIZED IN ITS FINANCIAL STATEMENTS USING A THRESHOLD OF MORE LIKELY THAN NOT OF BEING SUSTAINED. INCOME GENERATED FROM ACTIVITIES UNRELATED TO THE COLLEGE'S EXEMPT PURPOSE IS SUBJECT TO TAX. THE COLLEGE DID NOT HAVE ANY MATERIAL UNRELATED BUSINESS INCOME TAX LIABILITY OR UNCERTAIN TAX POSITIONS AT JUNE 30, 2022. PART XI, LINE 2D - OTHER ADJUSTMENTS: RENT EXPENSE 259,259. COST OF GOODS SOLD 40,358. SPECIAL EVENT EXPENSES 23,565. PART XI, LINE 4B - OTHER ADJUSTMENTS: STUDENT AID 27,233,652. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENT EXPENSE 259,259. COST OF GOODS SOLD 40,358. SPECIAL EVENT EXPENSES 23,565. PART XII, LINE 4B - OTHER ADJUSTMENTS: STUDENT AID 27,233,652. 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 OUR NON-DISCRIMINATION POLICY ON THE COLLEGES WEBSITE AND ON ALL PUBLISHED MATERIALS SENT TO PROSPECTIVE, ADMITTED AND ENROLLED STUDENTS. SCHEDULE E, PART I, LINE 6 FEDERAL WORK-STUDY PROGRAM: $83,637 CARES ACT PROGRAMS: $1,276,491 PAYCHECK PROTECTION PROGRAM: $6,118,580 TOTAL FEDERAL GRANTS: $7,478,708 NEW YORK STATE LIBRARY GRANT: $5,816 NEW YORK STATE HEOP (HIGHER EDUCATION OPPORTUNITY PROGRAM) GRANT: $465,156 NEW YORK STATE BUNDY GRANT: $101,908 TOTAL NEW YORK STATE GRANTS: $572,880 DANCE GALA 49380 43315 6065 17952 5613 49380 43315 6065 17952 5613 23565 -17500 1 SCHOLARSHIP 1725 27233652 PART I, LINE 2: MONITORING THE USE OF GRANT FUNDS - REFERENCE FROM SCHEDULE I, PART I, LINE 2. THE COLLEGE HAS A FAIR, EQUITABLE AND CONSISTENT AWARDING POLICY THAT MEETS FEDERAL, STATE AND INSTITUTIONAL REQUIREMENTS. STUDENTS ARE OFFERED A COMBINATION OF FEDERAL, STATE AND INSTITUTIONAL AID. PACKAGING PARAMETERS ARE PERIODICALLY REVIEWED WITH THE HELP OF AN OUTSIDE CONSULTANT TO EVALUATE THE MMC GRANTS AND SCHOLARSHIP PROGRAMS OFFERED TO ALL STUDENT POPULATIONS AT MMC. STUDENTS ARE MONITORED EACH SEMESTER TO ENSURE THEY MEET THE REQUIREMENTS ATTACHED TO THE AID THEY ARE RECEIVING. THE REVIEW INCLUDES BOTH ENROLLMENT AND ACADEMIC PROGRESS COMPONENTS. MMC STUDENTS MUST MAINTAIN THEIR GPA AND COMPLETE THEIR CREDITS AS DESCRIBED IN THE COLLEGE CATALOGUE UNDER ACADEMIC SATISFACTORY ACADEMIC PROGRESS STANDARDS. ADDITIONALLY EACH GRANT RECEIVED HAS UNIQUE STANDARDS (SEE COLLEGE CATALOGUE) WHICH MUST BE MAINTAINED FOR CONTINUED AWARDING. A REVIEW IS CONDUCTED EACH SEMESTER BY THE FINANCIAL AID STAFF UNDER THE DIRECT SUPERVISION OF THE DIRECTOR OF FINANCIAL AID. X 1 1 X X X 0 1 0 0 0 0 0 0 0 DR KERRY WALK PRESIDENT 371033 0 0 0 3516 0 56454 0 187723 0 618726 0 0 0 MAISHA MK WILLIAMS EVP, FINANCE & ADMIN & CFO 240153 0 0 0 513 0 41000 0 19278 0 300944 0 0 0 TODD E HEILMAN VP FOR STUDENT SUCCESS & ENGAGEMENT 230852 0 0 0 802 0 15529 0 34581 0 281764 0 0 0 DALE H HOCHSTEIN CHIEF INFORMATION OFFICER 211218 0 0 0 4801 0 12486 0 14311 0 242816 0 0 0 PETER F NACCARATO VP AA & DEAN OF FACULTY 207894 0 0 0 999 0 13004 0 18742 0 240639 0 0 0 LINDA Z SOLOMON PROFESSOR 213880 0 0 0 858 0 15131 0 9018 0 238887 0 0 0 GRAHAM A CIRAULO VP INSTITUTIONAL ADVANCEMENT 187792 0 0 0 410 0 12138 0 35730 0 236070 0 0 0 KATHLEEN A LEBESCO AVP FOR STRATEGIC INITIATIVES 185638 0 0 0 882 0 12066 0 19489 0 218075 0 0 0 JOHN RAGNO ASST. VP - CONTROLLER 159981 0 0 0 1520 0 10296 0 41827 0 213624 0 0 0 BREE A BULLINGHAM ASSOCIATE VP OF HUMAN RESOURCES 159008 0 0 0 508 0 10408 0 37898 0 207822 0 0 0 HAILA STRAUSS PROFESSOR 167021 0 0 0 1141 0 11403 0 8816 0 188381 0 0 0 EMMALYN YAMRICK DEAN OF STUDENTS 158182 0 0 0 463 0 9831 0 19816 0 188292 0 0 0 RICHARD SHELDON ASSOCIATE VP FOR ACADEMIC ADMIN. 157522 0 0 0 1822 0 9457 0 18095 0 186896 0 0 0 PART I, LINE 1A AS A CONDITION OF EMPLOYMENT, HOUSING THAT IS LEASED TO THE COLLEGE IS PROVIDED TO THE PRESIDENT FOR THE CONVENIENCE OF THE COLLEGE. THE HOUSING IS IN CLOSE PROXIMITY TO THE CAMPUS AND REQUIRED AS A CONDITION OF EMPLOYMENT TO ENABLE THE PRESIDENT TO BE AVAILABLE 24/7 TO RESPOND TO EMERGENT SITUATIONS, SHOULD THEY ARISE, AS WELL AS TO ALLOW THE PRESIDENT TO CONDUCT BUSINESS AFTER HOURS TO EFFECTUATE THE DUTIES OF HER ROLE. THIS BENEFIT WAS CONSIDERED NONTAXABLE, AND THE VALUE OF THE HOUSING BENEFIT IS INCLUDED IN SCHEDULE J, PART II, COLUMN (D). PART I, LINE 4B IN CALENDAR 2021, KERRY WALK AND MAISHA WILLIAMS BOTH PARTICIPATED IN THE 457(F) PLAN. THE PLAN MADE PAYMENTS OF $41,500 AND $26,000 TO THE 457(F) PLAN FOR KERRY WALK AND MAISHA WILLIAMS, RESPECTIVELY. X 15 86533 HIGH/LOW PRICE MEAN 0 0 1 0 SCHEDULE M, PART I, COLUMN (B) NUMBER OF CONTRIBUTORS THE AMOUNT LISTED IN COLUMN (B) REFERS TO THE NUMBER OF CONTRIBUTIONS. FORM 990, PART III, LINE 1 - ORGANIZATION'S MISSION: MARYMOUNT MANHATTAN COLLEGE (MMC) IS AN URBAN, INDEPENDENT, LIBERAL ARTS COLLEGE. THE MISSION OF THE COLLEGE IS TO EDUCATE A SOCIALLY ANDECON OMICALLY DIVERSE STUDENT BODY BY FOSTERING INTELLECTUAL ACHIEVEMENTAND PERSONAL GROWTH AND BY PROVIDING OPPORTUNITIES FOR CAREER DEVELOPMENT. INHERENT IN THIS MISSION IS THE INTENT TO DEVELOP AN AWARENESS OF SOCIAL, POLITICAL, CULTURAL, AND ETHICAL ISSUES IN THE BELIEF THAT THIS AWARENESS WILL LEAD TO CONCERN FOR, PARTICIPATION IN, AND IMPROVEMENT OF SOCIETY. TO ACCOMPLISH THIS MISSION, THE COLLEGE OFFERS A STRONG PROGRAM IN THE ARTS AND SCIENCES FOR STUDENTS OF ALL AGES, AS WELL AS SUBSTANTIAL PRE-PROFESSIONAL PREPARATION. CENTRAL TO THESE EFFORTS IS THE PARTICULAR ATTENTION GIVEN TO THE INDIVIDUAL STUDENT. MARYMOUNT MANHATTAN COLLEGE SEEKS TO BE A RESOURCE AND LEARNING CENTER FOR THE METROPOLITAN COMMUNITY. MARYMOUNT MANHATTAN COLLEGE WAS FOUNDED IN 1936 BY THE RELIGIOUS OF THE SACRED HEART OF MARY (RSHM) AS AN URBAN EXTENSION OF MARYMOUNT COLLEGE IN TARRYTOWN, NEW YORK. THE COLLEGE BECAME INDEPENDENT IN 1961 AND COEDUCATIONAL AND NONSECTARIAN IN 1971, AND CURRENTLY ENROLLS OVER 1,900 FULL AND PART-TIME STUDENTS. FORM 990, PART III, LINE 4A - INSTITUTIONAL PROGRAM ACTIVITIES: MARYMOUNT MANHATTAN COLLEGE WAS FOUNDED IN 1936 BY THE RELIGIOUS OF THE SACRED HEART OF MARY AS A TWO-YEAR WOMEN'S COLLEGE AND AT THE TIME WAS A NEW YORK CITY EXTENSION OF MARYMOUNT COLLEGE IN TARRYTOWN, NEW YORK. IN 1948, THE COLLEGE MOVED TO ITS PRESENT LOCATION ON EAST 71ST STREET IN NEW YORK CITY AND BECAME A FOUR-YEAR BACHELOR'S DEGREE-GRANTING INSTITUTION; THE FIRST CLASS GRADUATED FROM THE COLLEGE IN 1950. IN 1961, THE REGENTS OF THE UNIVERSITY OF THE STATE OF NEW YORK GRANTED MARYMOUNT MANHATTAN AN ABSOLUTE CHARTER AS AN INDEPENDENT FOUR-YEAR COLLEGE. MARYMOUNT MANHATTAN HAS BEEN AN ACCREDITED MEMBER OF THE MIDDLE STATES COMMISSION ON HIGHER EDUCATION SINCE THAT TIME. FAITHFUL TO THE VISION OF ITS FOUNDERS, MARYMOUNT MANHATTAN IS THRIVING AS A NONSECTARIAN, COEDUCATIONAL, INDEPENDENT COLLEGE OF THE LIBERAL ARTS, ATTRACTING AND SERVING A DIVERSE COMMUNITY OF STUDENTS, FACULTY, AND STAFF. AS THE COLLEGE MOVES FORWARD WITH ITS STRATEGIC PLAN, "CONTEMPORARY AND COMPELLING: ENVISIONING MMC'S FUTURE," WHICH PRIORITIZES THE ENHANCEMENT OF OUR TEACHING AND LEARNING ENVIRONMENT, SUPPORT FOR STUDENT SUCCESS AND A STRONG FACULTY AND STAFF, THE MAINTENANCE OF FISCAL HEALTH, AND INCREASED VISIBILITY FOR A SINGULAR MMC EXPERIENCE, WE REMAIN COMMITTED TO SERVING A SOCIALLY AND ECONOMICALLY DIVERSE POPULATION. IN ADDITION TO KEEPING TUITION AFFORDABLE, THE ABILITY TO OFFER ASSISTANCE TO STUDENTS IN NEED IS ESSENTIAL TO ACHIEVE THIS GOAL. FORM 990, PART III, LINE 4B - AUXILIARY SERVICES: THE 55TH STREET RESIDENCE HAS SUITE-STYLE ARRANGEMENTS JUST 16 BLOCKS FROM THE COLLEGE. EACH SUITE CONSISTS OF TWO BEDROOMS FURNISHED WITH LOFT BEDS, DRESSERS, DESKS, A KITCHEN AND BATHROOM, PLUS CABLE, AND WI-FI ACCESS. THE BUILDING IS STAFFED WITH 24-HOUR SECURITY AND FEATURES OTHER AMENITIES SUCH AS A LAUNDRY ROOM, CONVENIENCE STORE, LOUNGE SPACE, GYM, AND A BALCONY. COOPER SQUARE IS A RESIDENCE HALL IN MANHATTAN'S EAST VILLAGE NEIGHBORHOOD ON EAST 6TH STREET AND COOPER SQUARE. STUDENTS LIVE IN DOUBLE OR TRIPLE ROOMS WITHIN A SUITE THAT HAS TWO OR THREE BEDROOMS, A KITCHENETTE, AND ONE OR TWO BATHROOMS. RA STAFF LIVE IN SINGLE ROOMS WITHIN A LARGER SUITE. ALL STUDENTS ARE PROVIDED WITH A BED, DESK, DRESSER, WARDROBE, CABLE ACCESS, AND WI-FI. COOPER SQUARE HAS 24 HOUR SECURITY AND A LOUNGE LEVEL (OPEN 24 HOURS), THAT CONTAINS A LOUNGE, A STUDY ROOM, A GYM, LAUNDRY FACILITIES, BIKE STORAGE, AND A MAILROOM. THERE IS AN OUTDOOR TERRACE ON THE 7TH FLOOR. MMC'S CONTRACTED FOOD SERVICE OPERATIONS ALLOWS DINING PROGRAMS TO BRING STUDENTS TOGETHER AND SERVE CUISINES THAT NOURISH AND INSPIRE. COLLEGE STORE: MMC'S GRIFFIN GEAR WAS CREATED IN 2009, AS A RESULT OF A STUDENT INITIATIVE TO CREATE MORE SCHOOL SPIRIT ON CAMPUS. THE GRIFFIN GEAR KIOSK IS LOCATED IN THE 3RD FLOOR COMMONS OF THE MAIN BUILDING. FORM 990, PART III, LINE 4C - ACADEMIC ACCESS: THE PROGRAM FOR ACADEMIC ACCESS ASSISTS LEARNING-DISABLED STUDENTS THROUGH TUTORING SERVICES, COUNSELING, ADVISEMENT, AND PRIORITY REGISTRATION. ONCE ACCEPTED INTO THE PROGRAM, STUDENTS' PSYCHO-EDUCATIONAL EVALUATIONS ARE CAREFULLY EXAMINED AND PERSONALIZED ASSISTANCE IS GIVEN TO EACH STUDENT IN PLANNING THEIR PROGRAM. IN ADDITION TO BASIC ACCOMODATIONS, THE PROGRAM PROVIDES TWO HOURS OF INDIVIDUAL TUTORING PER WEEK WITH PROFESSIONAL, MATH TUTORING AS NEEDED, ACADEMIC COACHING TO DEVELOP EXECUTIVE FUNCTIONING SKILLS FOR TIME MANAGEMENT AND ORGANIZATION OF WORK, NOTE TAKERS FOR APPLICABLE COURSES, EXTENDED TESTING TIMES, MONTHLY PARENT MEETINGS THROUGHOUT THE ACADEMIC YEAR, AND TECHNICAL SUPPORT, INCLUDING KURZWEIL 3000 SOFTWARE AVAILABLE IN THE SHANAHAN LIBRARY. TO ENSURE THAT MARYMOUNT MANHATTAN COLLEGE CAN FOSTER A NURTURING ENVIRONMENT WITH SPECIALIZED ATTENTION FOR EACH STUDENT. THE ACADEMIC ACCESS PROGRAM ADMITS A SMALL NUMBER OF STUDENTS EACH YEAR. FORM 990, PART VI, SECTION B, LINE 11B BOARD REVIEW OF FORM 990 THE FORM 990 IS PREPARED INTERNALLY BY THE STAFF OF THE COLLEGE. THE DRAFT RETURN IS THEN REVIEWED BY AN INDEPENDENT ACCOUNTING FIRM, AND IS REVISED UNTIL BOTH ARE SATISFIED WITH THE RETURN. THE AUDIT COMMITTEE CHAIR REVIEWS THE FORM 990 (INCLUDING SCHEDULE B). THEN THE FORM 990 (NOT INCLUDING SCHEDULE B) IS REVIEWED AND APPROVED IN A MEETING ATTENDED BY THE AUDIT COMMITTEE CHAIR, COMMITTEE MEMBERS, MANAGEMENT AND THE INDEPENDENT ACCOUNTANTS. AFTER APPROVAL, THE ENTIRE BOARD OF TRUSTEES IS PROVIDED A PUBLIC INSPECTION COPY OF THE RETURN FOR REVIEW PRIOR TO FILING THE RETURN WITH THE IRS. THE AUDIT COMMITTEE CHAIR, EXECUTIVE VICE PRESIDENT OF ADMINISTRATION AND FINANCE AND THE INDEPENDENT ACCOUNTANTS ARE AVAILABLE TO THE BOARD FOR QUESTIONS. BECAUSE THE BOARD OF TRUSTEES IS PROVIDED WITH A PUBLIC INSPECTION COPY OF THE RETURN (I.E., FORM 990, WITH SCHEDULE B INFORMATION REDACTED), PART VI, LINE 11 HAS BEEN ANSWERED AS NO. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST POLICY THE TRUSTEES OF MARYMOUNT MANHATTAN COLLEGE ARE ELECTED TO SERVE THE COLLEGE AND ARE EXPECTED TO CARRY OUT THEIR DUTIES IN A MANNER THAT INSPIRES AND ASSURES THE CONFIDENCE OF THE COLLEGE AND THE BROADER COMMUNITY. ALL ACTIONS BY TRUSTEES WITH RESPECT TO THE COLLEGE AND ITS PROPERTY MUST BE TAKEN SOLELY ON THE BASIS OF A DESIRE TO ADVANCE THE BEST INTERESTS OF THE COLLEGE. TRUSTEES SHALL NOT USE THEIR POSITIONS AS TRUSTEES, OR KNOWLEDGE GAINED THEREFROM, SO THAT A CONFLICT MIGHT ARISE BETWEEN THE INTERESTS OF THE COLLEGE AND THE INDIVIDUAL INTERESTS OF THE TRUSTEES. THE COLLEGE'S TRUSTEES INEVITABLY ARE INVOLVED IN THE AFFAIRS OF OTHER INSTITUTIONS AND ORGANIZATIONS. TRUSTEES MAY FROM TIME TO TIME HAVE RELATIONSHIPS AND AFFILIATIONS THAT MAY RAISE QUESTIONS ABOUT PERCEIVED CONFLICTS OF INTEREST. ALTHOUGH MANY SUCH POTENTIAL CONFLICTS ARE AND WILL BE DEEMED INCONSEQUENTIAL, EACH TRUSTEE HAS THE RESPONSIBILITY TO ENSURE THAT THE ENTIRE BOARD IS MADE AWARE OF SITUATIONS THAT INVOLVE PERSONAL, FAMILIAL OR BUSINESS RELATIONSHIPS THAT COULD BE POTENTIAL CONFLICTS. THUS, THE BOARD REQUIRES EACH TRUSTEE (A) CONFIRM THAT HE OR SHE IS FAMILIAR WITH THIS POLICY, (B) DISCLOSE TO THE BOARD CHAIR ANY POSSIBLE PERSONAL, FAMILIAL OR BUSINESS RELATIONSHIPS THAT MIGHT GIVE RISE TO A CONFLICT OF INTEREST OR THE APPEARANCE OF A CONFLICT OF INTEREST INVOLVING THE COLLEGE, AND (C) AGREE TO SERVE ONLY IN ACCORDANCE WITH THE LETTER AND SPIRIT OF THIS POLICY. A FORM FOR THIS PURPOSE IS ATTACHED, AND SHALL BE COMPLETED BY EACH TRUSTEE AT LEAST ANNUALLY. A "BUSINESS RELATIONSHIP" IS ONE IN WHICH A TRUSTEE OR A MEMBER OF HIS OR HER FAMILY SERVES AS AN OFFICER, DIRECTOR, EMPLOYEE, PARTNER, TRUSTEE OR CONTROLLING STOCKHOLDER OF AN ORGANIZATION THAT DOES BUSINESS WITH THE COLLEGE. A "FAMILY MEMBER" IS A SPOUSE, PARENT, SIBLING OR CHILD OF A TRUSTEE, OR ANY OTHER RELATIVE LIVING IN THE TRUSTEE'S HOUSEHOLD. IF A TRUSTEE IS UNCERTAIN WHETHER TO DISCLOSE A PARTICULAR RELATIONSHIP, THE BOARD CHAIR SHOULD BE CONSULTED. THE CHAIR MAY ELECT TO SEEK THE JUDGMENT OF THE EXECUTIVE COMMITTEE IN DETERMINING WHETHER A RELATIONSHIP GIVES RISE TO A CONFLICT OF INTEREST OR SHOULD OTHERWISE BE DISCLOSED TO THE BOARD. THE CHAIR AND THE EXECUTIVE COMMITTEE SHALL KEEP ANY CONSULTATION CONFIDENTIAL UNLESS AND UNTIL THEY DETERMINE THAT THE BEST INTERESTS OF THE COLLEGE REQUIRE DISCLOSURE. A TRUSTEE WHO HAS A CONFLICT OF INTEREST SHALL NOT PARTICIPATE IN ANY CONSIDERATION BY THE BOARD OF A MATTER RELATING TO THE CONFLICT. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION REVIEW THE ORGANIZATION HAS INSTITUTED A PROCESS TO REVIEW THE COMPENSATION PAID TO ITS PRESIDENT, OFFICERS, AND KEY EMPLOYEES GIVING RISE TO A REBUTTABLE PRESUMPTION THAT THE COMPENSATION IS REASONABLE IN ACCORDANCE WITH TREAS. REG. 53.4958-6. COMPENSATION FOR THE OFFICERS OF THE COLLEGE IS DETERMINED BY A PROCESS THAT INCLUDES THE USE OF COMPARABILITY DATA, REVIEW AND APPROVAL BY THE COMPENSATION COMMITTEE, COMPRISED OF INDEPENDENT MEMBERS OF THE COLLEGE'S BOARD OF TRUSTEES, AND CONTEMPORANEOUS RECORDKEEPING OF DELIBERATIONS AND DECISIONS. THE LAST COMPENSATION STUDY WAS PERFORMED IN MAY OF 2018. A SEPARATE COMPENSATION STUDY WAS PERFORMED FOR THE PRESIDENT IN APRIL OF 2022. FORM 990, PART VI, SECTION C, LINE 19 PUBLIC DISCLOSURE OF GOVERNING DOCUMENTS THE COLLEGE MAKES ITS FORM 990 AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC THROUGH ITS WEBSITE. THE FORM 990 IS ALSO AVAILABLE ON WWW.GUIDESTAR.ORG. OTHER GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE NOT AVAILABLE TO THE PUBLIC. 231-235 EAST 55TH STREET CONDOMINIUM 622 THIRD AVENUE NEW YORK NY 10017 582636459 STUDENT HOUSING NY MARYMOUNT C 1402489 1171046 0.70700 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 0 231-235 EAST 55TH STREET CONDOMINIUM P 938079 PER OWNERSHIP % 231-235 EAST 55TH STREET CONDOMINIUM M 60757 PER OWNERSHIP % FORM 990, SCHEDULE R, PART II THE COLLEGE IS A 70.70% OWNER OF THE 231-235 EAST 55TH STREET CONDOMINIUM WHICH IS A 32 FLOOR RESIDENCE HALL HOUSING UP TO 512 FIRST YEAR STUDENTS. THE RESIDENCE HALL CONSISTS OF FULLY FURNISHED SUITE STYLE APARTMENTS, EACH HOUSING BETWEEN 4-7 STUDENTS IN 2 BEDROOMS WITH 1-1.5 BATHROOMS AND A FULL KITCHEN. THE BUILDING AMENITIES INCLUDE 24-HOUR SECURITY, WI-FI, ACCESS TO A COMPREHENSIVE CABLE PACKAGE, LAUNDRY ROOM, CONVENIENCE STORE, LOUNGE SPACE, FITNESS CENTER, MAIL SERVICE/PACKAGE ROOM AND HEALTH CENTER. THE REMAINING 29.30% OF THE BUILDING ARE CONDOMINIUMS OWNED BY A PRIVATE DEVELOPER AND INDIVIDUALS WHO ARE NOT AFFILIATED WITH THE COLLEGE. THE CONDOMINIUM PORTION IS REQUIRED TO HAVE A CERTAIN AMOUNT OF ASSETS AND THEREFORE THE AMOUNT NOTED IN PART IV (G), SHARE OF END-OF-YEAR ASSETS, IN THE AMOUNT OF $1,290,207, IS BASED ON THE COLLEGE'S OWNERSHIP PERCENTAGE BUT IN ACTUALITY THE COLLEGE DOES NOT HAVE RIGHTS TO MAJORITY OF THESE ASSETS.