2023-05-15T14:07:25-05:00 2022-06-30 366055558 GRANT THORNTON LLP 757 THIRD AVENUE 3RD FLOOR NEW YORK NY 100172013 990 2021-07-01 131967322 DOMINICAN UNIVERSITY NEW YORK DOMI 8458487814 470 WESTERN HIGHWAY ORANGEBURG NY 10962 ANTHONY CIPOLLA VP FINANCIAL AFFAIRS 8458487814 2023-05-15 1 ANTHONY CIPOLLA XXX-XX-XXXX SCOTT THOMPSETT P00741490 2125990100 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z X SR MARY EILEEN O'BRIEN 470 WESTERN HIGHWAY ORANGEBURG NY 10962 58079193 0 0928 X WWW.DUNY.EDU X 1952 NY PROMOTE EDUCATIONAL EXCELLENCE, LEADERSHIP, & SERVICE VIA A STRONG COMMITMENT TO OUR STUDENTS. 35 33 803 63 36472 0 7372012 8036415 53159672 49385139 243512 254204 208613 313282 60983809 57989040 18449322 18972075 0 0 21466361 21991397 133650 178393 1017716 17748489 18026212 57797822 59168077 3185987 -1179037 75157140 71451145 41045174 39870527 34111966 31580618 X SEE SCHEDULE O. 0 0 51179884 18972075 49390084 SEE SCHEDULE O. DOMINICAN UNIVERSITY NEW YORK WAS FOUNDED IN 1952 BY THE SISTERS OF ST. DOMINIC OF BLAUVELT AND CONTINUES TO SERVE APPROXIMATELY 2,000 STUDENTS AS A PRIVATE, COEDUCATIONAL INSTITUTION, PROUD OF ITS DOMINICAN AND CATHOLIC TRADITION. THE UNIVERSITY IS COMMITTED TO MAINTAINING ITS VALUE-CENTERED, STUDENT-ORIENTED FOCUS. WITH A STUDENT/FACULTY RATIO OF 13 TO 1, EACH PERSON RECEIVES THE ASSISTANCE AND CHALLENGE SHE OR HE NEEDS TO REALIZE PERSONAL ASPIRATIONS AND TO BECOME A CONTRIBUTING CITIZEN. THE UNIVERSITY IS A LIBERAL ARTS INSTITUTION WHICH PROVIDES PROFESSIONAL PROGRAMS IN TEACHER EDUCATION, SOCIAL WORK, BUSINESS ADMINISTRATION AND THE HEALTH CARE PROFESSIONS OF NURSING AND OCCUPATIONAL AND PHYSICAL THERAPY. OVER THIRTY PROGRAMS, MANY OF WHICH ARE NATIONALLY ACCREDITED, ARE OFFERED ON THE UNDERGRADUATE AND MASTER'S LEVEL. THE 16,000 MEMBERS OF OUR ALUMNI MAKE A SIGNIFICANT DIFFERENCE IN THE HOSPITALS, SCHOOLS AND BUSINESSES WHERE THEY SERVE. DOMINICAN UNIVERSITY NEW YORK IS AN ACADEMIC COMMUNITY COMMITTED TO FOSTERING THE VALUES OF EXCELLENCE, LEADERSHIP AND SERVICE IN ITS CURRICULAR AND EXTRA-CURRICULAR PROGRAMS. A MEMBER OF NCAA, DIVISION II, THE ATHLETIC DEPARTMENT SPONSORS SEVENTEEN COMPETITIVE SPORTS DURING THE FALL AND SPRING SEMESTERS. THE STUDENT BODY IS RICHLY DIVERSE AND IS COMPOSED OF TRADITIONAL AND NON-TRADITIONAL AGED STUDENTS WHO COMMUTE OR RESIDE ON CAMPUS. SPECIAL PROGRAMS EXIST FOR ADULT LEARNERS WHO WORK FULL TIME WHILE ATTENDING ACCELERATED PROGRAMS IN THE EVENING OR ON WEEKENDS. 51179884 1 1 0 1 0 0 0 1 0 1 1 0 0 1 1 1 1 0 1 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 64 0 1 803 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 35 33 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X ANTHONY CIPOLLA 8458487814 470 WESTERN HIGHWAY ORANGEBURG NY 10962 SR MARY EILEEN O'BRIEN OP PRESIDENT 35.00 0.00 X X 264558 0 21529 SR KATHLEEN SULLIVAN OP CHANCELLOR 35.00 0.00 X 101998 0 21529 STEVEN T SABATINI CHAIRPERSON 10.00 0.00 X X 0 0 0 DR JOAN H FACELLE MD VICE CHAIRPERSON 2.00 0.00 X X 0 0 0 JOHN BARTOLOTTA TRUSTEE 3.00 0.00 X 0 0 0 LAWRENCE BATES TRUSTEE (AS OF 07/2021) 2.00 0.00 X 0 0 0 MICHAEL K BREEN ESQ TRUSTEE 2.00 0.00 X 0 0 0 SR MARY ANN COLLINS OP TRUSTEE 2.00 0.00 X 0 0 0 SR MICHAELA CONNOLLY TRUSTEE 2.00 0.00 X 0 0 0 P JOSEPH CORLESS TRUSTEE 2.00 0.00 X 0 0 0 JOHN T DILLON JR TRUSTEE 7.00 0.00 X 0 0 0 DOROTHY C FILORAMO TRUSTEE 2.00 0.00 X 0 0 0 SR MARY FLOOD OP MD PH TRUSTEE 2.00 0.00 X 0 0 0 DR JOHN FLYNN TRUSTEE 5.00 0.00 X 0 0 0 WILLIAM GOVE TRUSTEE 2.00 0.00 X 0 0 0 DR BERNADETTE KAPPEN TRUSTEE 2.00 0.00 X 0 0 0 MARY LEAHY TRUSTEE 2.00 0.00 X 0 0 0 LILIANA LOPEZ TRUSTEE 2.00 0.00 X 0 0 0 CHRISTOPHER MAHONEY TRUSTEE (THRU 08/2021) 5.00 0.00 X 0 0 0 KENNETH R MARKS TRUSTEE 2.00 0.00 X 0 0 0 MICHAEL MCLAUGHLIN TRUSTEE 2.00 0.00 X 0 0 0 THOMAS MCNAMARA TRUSTEE 2.00 0.00 X 0 0 0 PAT MIELE TRUSTEE 3.00 0.00 X 0 0 0 JAMES O'BRIEN TRUSTEE 5.00 0.00 X 0 0 0 RON OLORI JR TRUSTEE 2.00 0.00 X 0 0 0 DR CLEMENT Y OSEI MD TRUSTEE 2.00 0.00 X 0 0 0 ROSS PEPE TRUSTEE 2.00 0.00 X 0 0 0 MICHAEL PERRY TRUSTEE 2.00 0.00 X 0 0 0 BRIAN QUINN TRUSTEE 2.00 0.00 X 0 0 0 RUBEN ROY TRUSTEE (AS OF 07/2021) 2.00 0.00 X 0 0 0 MICHAEL SANTOS TRUSTEE 2.00 0.00 X 0 0 0 MICHAEL SHILALE TRUSTEE 2.00 0.00 X 0 0 0 DR ERINMARIE SULLIVAN TRUSTEE 2.00 0.00 X 0 0 0 JAMES T TOOLEN TRUSTEE 3.00 0.00 X 0 0 0 SR NOREEN WALSH TRUSTEE 2.00 0.00 X 0 0 0 SR BARBARA WERNER TRUSTEE 2.00 0.00 X 0 0 0 ANTHONY J CIPOLLA VP FINANCIAL AFFAIRS 35.00 0.00 X 156655 0 32582 THOMAS NOWAK VP OF ACADEMIC AFFAIRS 35.00 0.00 X 154945 0 31636 MICHAEL KELLY DIRECTOR OF GRADUATE STUDIES 35.00 0.00 X 157858 0 27955 JOSEPH VALENTI VP INSTITUTIONAL ADVANCEMENT 35.00 0.00 X 151620 0 29029 BRIAN FERNANDES VP OF ENROLLMENT 35.00 0.00 X 146797 0 31619 JOHN BURKE VP FOR STUDENT AFFAIRS 35.00 0.00 X 133920 0 29967 NANCY DIDONA PROFESSOR AND DIRECTOR, NURSING 35.00 0.00 X 135235 0 27888 1403586 0 253734 16 0 1 0 CHARTWELLS DINING SERVICES 16100 W 127TH STREET LEMONT IL 60439 DINING SERVICES 2637006 ARAMARK SERVICES INC 51 S PEARL ST STE 17 ALBANY NY 12207 FACILITIES MANAGEMENT 2421321 ALLIED UNIVERSAL SECURITY SERVICES 50 JACKSON AVE 2ND FL SYOSSET NY 11791 CONTRACT SECURITY 490331 SUNRISE LANDSCAPING SERVICES INC 59 CONCORD DRIVE TAPPAN NY 10983 LANDSCAPING SERVICES 323733 PASKILL STAPLETON & LORD INC 1 ROBERTS AVE GLENSIDE PA 19038 MARKETING SERVICES 284486 20 274149 6740432 1021834 2450 8036415 TUITION AND FEES 900099 43125828 43125828 ROOM & BOARD(AUX ENT.) 611710 6259311 6243785 15526 49385139 254204 254204 62289 62289 202465 0 202465 202465 202465 22781 274149 87653 -64872 -64872 8000 2500 5500 5500 ATHLETICS CAMPS 900099 36022 36022 APPLICATION FEES 900099 20066 20066 REFUNDS/REIMBURSEMENTS 900099 8600 8600 43212 405 450 42357 107900 57989040 49390084 36472 526069 18972075 18972075 705550 151500 554050 16786797 14082739 2140055 564003 649521 536914 91529 21078 2647606 2203866 356395 87345 1201923 1000585 161717 39621 65055 65055 187793 187793 117600 117600 178393 178393 70750 70750 1400557 1400557 1311740 1102556 167548 41636 429382 360215 54739 14428 488149 409517 62231 16401 4318202 4056908 261294 145152 121770 18505 4877 65420 58812 5888 720 939206 732581 206625 2248395 2171950 40471 35974 662020 393902 254878 13240 STUDENT FOOD SERVICES 2464284 2464284 SECURITY SERVICES 558147 502332 55815 ATHLETICS DEPT. EXP. 448643 448643 BAD DEBT EXPENSE 340888 340888 1764829 1408735 356094 59168077 51179884 6970477 1017716 1570 1420 5086323 4532141 104066 63587 2328171 1932982 94301 80257 215121 234102 90870195 40571656 51306840 50298539 9782565 8610215 6238183 5697902 75157140 71451145 1748360 2195195 4683220 3983919 26817036 25564928 2457884 2200819 1000000 5338674 4925666 41045174 39870527 X 29833422 27556670 4278544 4023948 34111966 31580618 75157140 71451145 -1179037 -1352311 0 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 117600 117600 0 PART II-B, LINE 1: THE UNIVERSITY DOES NOT UNDERTAKE ANY DIRECT LOBBYING ACTIVITIES. THE UNIVERSITY IS A MEMBER IN SEVERAL HIGHER EDUCATION ASSOCIATIONS TO WHICH IT PAYS DUES. WHILE THE UNIVERSITY ACKNOWLEDGES THAT A PORTION OF ITS ANNUAL MEMBERSHIP DUES MAY BE RELATED TO NON-DEDUCTIBLE LOBBYING ACTIVITIES, NO ACCURATE QUANTIFICATION OF THAT AMOUNT HAS BEEN RECEIVED FROM THE RESPECTIVE INSTITUTIONS. THE UNIVERSITY DOES ENGAGE THE SERVICES OF A CONSULTING FIRM, EMPIRE STRATEGIES LTD, THAT UNDERTAKES CERTAIN ADVOCACY ENDEAVORS ON THE UNIVERSITY'S BEHALF. EMPIRE STRATEGIES LTD WAS PAID $117,600 (SEE PART IX, LINE 11(D)) TO PROVIDE LEGISLATIVE AND REGULATORY REPRESENTATION ON VARIOUS HIGHER EDUCATION ISSUES. 2280490 X 1 9904522 346754 -1229738 9021538 7224291 822452 1857779 9904522 6578259 472302 173730 7224291 5549764 688772 339723 6578259 4532819 763182 253763 5549764 0.63460 0.26360 0.10180 0 0 4674432 4674432 68873904 26895229 41978675 13984527 12978564 1005963 3337332 697863 2639469 50298539 RIGHT-OF-USE ASSETS 4623051 DEPOSITS HELD WITH BOND TRUSTEE 888357 OTHER RECEIVABLES 186494 5697902 OPERATING LEASE LIABILITIES 4166535 FINANCING LEASE LIABILITIES 496876 REFUNDABLE GRANTS 262255 4925666 X 40160408 -1352311 90154 -1262157 41422565 16566475 16566475 57989040 42691756 90154 90154 42601602 16566475 16566475 59168077 PART III, LINE 4: COLLECTIONS OF ART, HISTORICAL TREASURES AND SIMILAR ASSETS THE UNIVERSITY OCCASIONALLY RECEIVES DONATIONS OF ARTWORK THAT IT INTENDS TO USE IN FULFILLMENT OF ITS TAX-EXEMPT MISSION, EITHER BY DISPLAYING THE ARTWORK ON CAMPUS FOR THE ENJOYMENT OF ITS STUDENTS, FACULTY AND VISITORS, OR FOR INTEGRATION INTO THE UNIVERSITY'S ART CURRICULUM. PART V, LINE 4: ENDOWMENT FUNDS THE UNIVERSITY'S SCHOLARSHIP ENDOWMENT IS INTENDED TO SUPPORT THE UNIVERSITY'S EDUCATIONAL MISSION, TO SUPPORT ITS STUDENT ACTIVITIES AND PROGRAMS AND TO PRESERVE AND FOSTER THE UNIVERSITY'S TRADITIONS. THE FUND'S PRINCIPAL IS INTENDED TO REMAIN UNTOUCHED, WHILE THE EARNINGS ARE DEDICATED TO THE CONTINUANCE AND ENHANCEMENT OF THE EDUCATION OF THE UNIVERSITY'S STUDENTS. THE QUASI-ENDOWMENT IS A BOARD DESIGNATED FUND TO HELP PROVIDE FOR THE FUTURE NEEDS OF THE UNIVERSITY. PART X, LINE 2: INCOME TAXES THE UNIVERSITY FOLLOWS GUIDANCE THAT CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN, INCLUDING ISSUES RELATING TO FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT. THIS GUIDANCE PROVIDES THAT THE TAX EFFECTS FROM AN UNCERTAIN TAX POSITION CAN ONLY BE RECOGNIZED IN THE FINANCIAL STATEMENTS 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 TAX POSITION MAY BE CHALLENGED. THE UNIVERSITY IS EXEMPT FROM FEDERAL INCOME TAX UNDER INTERNAL REVENUE CODE ("IRC") SECTION 501(C)(3), THOUGH IT IS SUBJECT TO TAX ON INCOME UNRELATED TO ITS EXEMPT PURPOSE, UNLESS THAT INCOME IS OTHERWISE EXCLUDED BY IRC. THE UNIVERSITY HAS PROCESSES PRESENTLY IN PLACE TO ENSURE THE MAINTENANCE OF ITS TAX-EXEMPT STATUS; TO IDENTIFY AND REPORT UNRELATED INCOME; TO DETERMINE ITS FILING AND TAX OBLIGATIONS IN JURISDICTIONS FOR WHICH IT WAS NEXUS; AND TO IDENTIFY AND EVALUATE OTHER MATTERS THAT MAY BE CONSIDERED TAX POSITIONS. THE UNIVERSITY HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: RECLASSIFICATION OF EVENT EXPENSES TO OFFSET REVENUE 90,154. PART XI, LINE 4B - OTHER ADJUSTMENTS: RECLASSIFICATION OF SCHOLARSHIPS TO OFFSET REVENUE, 16,566,475. EXCLUDING HEERF GRANTS PART XII, LINE 2D - OTHER ADJUSTMENTS: RECLASSIFICATION OF EVENT EXPENSES TO OFFSET REVENUE 90,154. PART XII, LINE 4B - OTHER ADJUSTMENTS: RECLASSIFICATION OF SCHOLARSHIPS TO OFFSET REVENUE, 16,566,475. EXCLUDING HEERF GRANTS 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 UNIVERSITY PUBLISHES ITS NONDISCRIMINATION POLICY IN SUFFICIENT MEDIA THAT WOULD ALLOW ANY MEMBER OF THE PUBLIC TO OBTAIN IT WITHOUT THE NEED FOR A SPECIFIC REQUEST. SCHEDULE E, PART I, LINE 6 THE UNIVERSITY RECEIVES STATE GRANTS FROM THE NEW YORK DEPARTMENT OF EDUCATION AND FEDERAL GRANTS FROM SEVERAL DIFFERENT AGENCIES, THAT ARE EARMARKED TO BENEFIT CERTAIN ACADEMIC PROGRAMS OR CAPITAL PROJECTS. THE UNIVERSITY WAS AWARDED $5,086,879 IN HIGHER EDUCATION EMERGENCY RELIEF FUNDING UNDER THE AMERICAN RESCUE PLAN. THE HIGHER EDUCATION EMERGENCY RELIEF FUND III IS A FEDERAL PROGRAM ESTABLISHED DURING THE COVID-19 PANDEMIC THAT PROVIDES EMERGENCY GRANTS TO INSTITUTIONS; THE UNIVERSITY DISBURSED $2,405,600 IN EMERGENCY AID TO QUALIFYING STUDENTS. IN ADDITION TO THE HEERF III FUNDING, THE UNIVERSITY ALSO RECEIVED FUNDING FROM THE FOLLOWING FEDERAL AGENCIES; FEMA, THE HEALTH RESOURCES AND SERVICES ADMINISTRATION AND THE NATIONAL TELECOMMUNICATIONS AND INFORMATION ADMINISTRATION. X 1 SHEER STRATEGY LLC 3 N CARINGOM RD NEW YORK NY 10956 GRANTS CONSULTING 0 0 74875 0 MCALLISTER & QUINN LLC 1030 15TH ST NW STE 590W WASHINGTON DC 20005 GRANTS CONSULTING 0 0 103518 0 178393 NY GOLF OUTING 108405 96264 12141 31762 9181 2572 3033 DINNER DANCE 163690 153050 10640 6961 6961 10431 6313 2 24835 24835 4501 4500 1438 296930 274149 22781 38723 20643 17503 10784 87653 -64872 SCHEDULE G, PART I: THE UNIVERSITY DOES NOT SEPARATELY TRACK FUNDRAISING REVENUES RAISED BY THE CONSULTANTS IT HIRES TO ASSIST WITH FUNDRAISING BECAUSE OF THE DIFFICULTY OF TRACKING SPECIFIC DONATIONS BACK TO THE TOUCHPOINT THAT MAY HAVE GENERATED THE RELATIONSHIP. 1 UNIVERSITY BASED SCHOLARSHIP 1015 16159824 0 FEDERAL GOVERNMENT BASED AID 102 140210 0 PRIVATE SCHOLARSHIP 111 221326 0 HIGHER EDUCATION EMERGENCY RELIEF FUND 1519 2405600 0 PART I, LINE 2: GRANTS AND ASSISTANCE IN THE UNITED STATES THE AWARDING OF STUDENT FINANCIAL AID GRANTS UNDER THE U.S. DEPARTMENT OF EDUCATION'S STUDENT FINANCIAL ASSISTANCE PROGRAM IS MONITORED BY THE UNIVERSITY'S FINANCIAL AID OFFICE, WHICH ENSURES THAT THE UNIVERSITY MEETS THE COMPLIANCE REQUIREMENTS OF TITLE 2, US CODE OF FEDERAL REGULATIONS (CFR) PART 200, UNIFORM ADMINISTRATIVE REQUIREMENTS, COST PRINCIPLES AND AUDIT REQUIREMENTS FOR FEDERAL AWARDS. THE UNIVERSITY'S FINANCIAL AID OFFICE IS RESPONSIBLE FOR ESTABLISHING AND MAINTAINING EFFECTIVE INTERNAL CONTROL OVER COMPLIANCE WITH THE REQUIREMENTS OF LAWS, REGULATIONS, CONTRACTS, AND GRANTS APPLICABLE TO FEDERAL PROGRAMS. ALL STUDENTS RECEIVING SCHOLARSHIPS ARE JUDGED WORTHY BY THE INSTITUTION'S ASSESSMENT ON THE BASIS OF ACADEMIC ACHIEVEMENT, FINANCIAL NEED, ATHLETIC ABILITY AND OTHER SIMILAR STANDARDS. MONITORING OF FEDERAL AND FOUNDATION GRANTS SUPPORTING UNIVERSITY OPERATING ACTIVITIES IS COORDINATED BETWEEN THE CONTROLLER'S OFFICE, THE PROJECT MANAGER ASSIGNED TO THE GRANT PROJECT AND THE VP OF INSTITUTIONAL ADVANCEMENT. THESE OFFICES AND INDIVIDUALS ENSURE THAT APPROPRIATE CONTROLS ARE ESTABLISHED AND THAT GRANT REQUIREMENTS FOR DOCUMENTATION, TRACKING, EXPENDITURE OF FUNDS AND REPORTING ARE MET. IN ADDITION, THE UNIVERSITY DISPENSED CERTAIN EMERGENCY FINANCIAL AID TO STUDENTS AS REQUIRED BY THE HIGHER EDUCATION EMERGENCY RELIEF FUND "HEERF." NO FURTHER MONITORING OF THE USE OF HEERF FUNDING IS REQUIRED BY THE UNIVERSITY (AS THE AID IS NOT DISPENSED UNLESS THE STUDENT MEETS THE ELIGIBILITY REQUIREMENTS). X 1 1 X X X 0 0 0 0 0 0 0 0 0 SR MARY EILEEN O'BRIEN OP PRESIDENT 264558 0 0 0 0 0 720 0 20809 0 286087 0 0 0 ANTHONY J CIPOLLA VP FINANCIAL AFFAIRS 156655 0 0 0 0 0 11559 0 21023 0 189237 0 0 0 THOMAS NOWAK VP OF ACADEMIC AFFAIRS 154945 0 0 0 0 0 10613 0 21023 0 186581 0 0 0 MICHAEL KELLY DIRECTOR OF GRADUATE STUDIES 157858 0 0 0 0 0 6932 0 21023 0 185813 0 0 0 JOSEPH VALENTI VP INSTITUTIONAL ADVANCEMENT 151620 0 0 0 0 0 8006 0 21023 0 180649 0 0 0 BRIAN FERNANDES VP OF ENROLLMENT 146797 0 0 0 0 0 10596 0 21023 0 178416 0 0 0 JOHN BURKE VP FOR STUDENT AFFAIRS 133920 0 0 0 0 0 8944 0 21023 0 163887 0 0 0 NANCY DIDONA PROFESSOR AND DIRECTOR, NURSING 135235 0 0 0 0 0 6865 0 21023 0 163123 0 0 0 SCHEDULE J SEVERAL OF THE UNIVERSITY'S OFFICERS ARE MEMBERS OF THE SISTERS OF ST. DOMINIC OF BLAUVELT AND RECEIVE FREE HOUSING (E.G. A HOUSING ALLOWANCE) PROVIDED BY THE UNIVERSITY. THE FAIR MARKET RENTAL VALUE OF THE HOUSING ALLOWANCE (APPROXIMATELY $18,000 PER OFFICER) IS EXCLUDED FROM THESE OFFICERS' SALARIES AS IT REPRESENTS A PERMISSIBLE NON-TAXABLE FRINGE BENEFIT UNDER SECTION 107 OF THE INTERNAL REVENUE CODE FOR MEMBERS OF A RELIGIOUS ORDER. A COUNTY OF ROCKLAND INDUSTRIAL DEVELOPMENT AGENCY 136007344 2013-07-24 8705000 REISSUED 2005 SERIES A&B BONDS 0 0 0 B COUNTY OF ROCKLAND INDUSTRIAL DEVELOPMENT AUTHOR 136007344 773557AF0 2014-12-14 10653930 REISSUED 2004 SERIES A&B BONDS 0 0 0 C ROCKLAND COUNTY ECONOMIC ASSISTANCE CORPORATION 274524167 773557AY9 2014-12-14 15632950 REFUND 2006 SERIES A&B BONDS 0 0 0 A 2904748 8705000 8705000 2013 1 0 1 1 B 3281000 10653930 10653930 2014 1 0 1 1 C 2849080 15632950 312659 15320291 2014 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 A 0 0 0 0 1 0 1 RBC 17.000000000000 0 0 1 B 0 0 0 1 0 0 0 0 1 C 0 0 0 1 0 0 0 0 1 A 1 B 1 C 1 FORM 990, SCHEDULE K, PART IV, LINE 2C DOMINICAN UNIVERSITY NEW YORK HAD A REBATE CALCULATION PERFORMED ON ALL THREE OF THE BONDS DISCLOSED IN THE SCHEDULE K OF THE FORM 990. FOR THE BOND ORIGINALLY ISSUED IN JUNE OF 2005 AND REFINANCED IN JULY OF 2013, THE REBATE COMPUTATION WAS PERFORMED ON JULY 23, 2018; FOR THE BONDS ISSUED IN AUGUST OF 2004 AND DECEMBER OF 2006 (BOTH OF WHICH WERE REFINANCED IN DECEMBER OF 2014), THE REBATE CALCULATION WAS PERFORMED ON DECEMBER 16, 2019. THE REBATE CALCULATION FOR THE 2005 BONDS CONFIRMED AN ARBITRAGE REBATE DUE OF $46,944. ON SEPTEMBER 17, 2018, THE UNIVERSITY REMITTED THE $46,944 IN REBATE TO THE FEDERAL GOVERNMENT. THE REBATE CALCULATIONS FOR THE 2004 AND 2014 BONDS CONFIRMED THAT NO REBATE WAS DUE ON THE BONDS. FORM 990, PART III, LINE 1 THE AIM OF DOMINICAN UNIVERSITY NEW YORK IS TO PROMOTE EDUCATIONAL EXCELLENCE, LEADERSHIP, AND SERVICE IN AN ENVIRONMENT CHARACTERIZED BY RESPECT FOR THE INDIVIDUAL AND CONCERN FOR THE COMMUNITY AND ITS NEEDS. FOUNDED BY THE DOMINICAN SISTERS OF BLAUVELT, THE UNIVERSITY IS AN INDEPENDENT INSTITUTION OF HIGHER LEARNING, CATHOLIC IN ORIGIN AND HERITAGE. IN THE DOMINICAN TRADITION, IT FOSTERS THE ACTIVE, SHARED PURSUIT OF TRUTH AND EMBODIES AN IDEAL OF EDUCATION ROOTED IN THE VALUES OF REFLECTIVE UNDERSTANDING AND COMPASSIONATE INVOLVEMENT. COMMITTED TO BUILDING ITS PROGRAMS UPON A STRONG FOUNDATION IN THE LIBERAL ARTS AND SCIENCES, THE UNIVERSITY MAINTAINS A STUDENT-CENTERED CLIMATE AND SERVES A DIVERSE COMMUNITY OF STUDENTS IN UNDERGRADUATE AND GRADUATE PROGRAMS. THE UNIVERSITY EMPOWERS THIS COMMUNITY OF LEARNERS TO EXCEL, LEAD AND SERVE WITH INTEGRITY AND TO ENGAGE RESPONSIBLY IN THE PURSUIT OF A MORE JUST, ETHICAL AND SUSTAINABLE WORLD. DOMINICAN UNIVERSITY NEW YORK IS DEDICATED TO THE PRINCIPLE THAT ITS EDUCATIONAL PROGRAMS AND SERVICES MUST BE BOTH CHALLENGING AND SUPPORTIVE, DISTINGUISHED BOTH BY HIGH STANDARDS AND BY ATTENTION TO THE NEEDS AND POTENTIAL OF THE INDIVIDUAL STUDENT. AFFIRMED AND ENGAGED BY THESE STANDARDS AND VALUES, GRADUATES ARE PREPARED FOR PURPOSEFUL LIVES AND FOR THE CAREERS AND PROFESSIONS THEY CHOOSE TO PURSUE. FORM 990, PART IV, LINE 34 RELATED PARTIES DISCLOSURE THE UNIVERSITY WAS FOUNDED BY THE SISTERS OF ST. DOMINIC OF BLAUVELT IN 1952 AS A THREE-YEAR LIBERAL ARTS UNIVERSITY IN THE CATHOLIC TRADITION, OFFERING A TEACHER PREPARATION PROGRAM FOR WOMEN RELIGIOUS. THE UNIVERSITY DEEMS THE SISTERHOOD TO BE A RELATED PARTY OF THE UNIVERSITY, BUT SINCE THE SISTERS DO NOT MEET THE IRS DEFINITION OF A RELATED PARTY, THE UNIVERSITY HAS OPTED TO NOT COMPLETE A SCHEDULE R. IN THE INTERESTS OF FULL DISCLOSURE, THE UNIVERSITY IS INCLUDING THIS SCHEDULE O NARRATIVE TO DISCLOSE THE RELATIONSHIP. FORM 990, PART VI, SECTION A GOVERNING BODY AND MANAGEMENT THE UNIVERSITY IS REPORTING 35 BOARD MEMBERS, OF WHICH 33 ARE INDEPENDENT VOTING MEMBERS OF THE BOARD. THE TWO "COMPENSATED" BOARD MEMBERS ARE MEMBERS OF THE DOMINICAN SISTERS OF BLAUVELT WHO HAVE TAKEN A BONA FIDE VOW OF POVERTY. ALL AMOUNTS REPORTED IN PART VII AND SCHEDULE J OF THE 990 WERE PAID DIRECTLY TO THE ORDER. WHILE THE SISTERS COULD BE CONSIDERED INDEPENDENT UNDER THE IRS GUIDELINES; NEVERTHELESS, IN THE INTEREST OF FULL DISCLOSURE, THE UNIVERSITY IS REPORTING THEM BOTH AS NON-INDEPENDENT. FORM 990, PART VI, SECTION B, LINE 11B PROCESS USED TO REVIEW FORM 990 THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES REVIEWS THE FINAL DRAFT OF THE FORM 990. THE AUDIT COMMITTEE MAKES RECOMMENDATIONS ON CHANGES AS NECESSARY. THE COMMITTEE VOTES TO APPROVE THE FORM 990 AND ARRANGES TO HAVE THE APPROVED FORM 990 SENT TO EACH BOARD MEMBER FOR REVIEW AND COMMENTS. THE AUDIT COMMITTEE RESOLVES INQUIRIES FROM BOARD MEMBERS AFTER THEIR REVIEW. ONCE THE PROCESS IS COMPLETE, THE UNIVERSITY SUBMITS THE FORM 990 TO THE IRS. FORM 990, PART VI, SECTION B, LINE 12C ENFORCEMENT & MONITORING OF CONFLICT OF INTEREST POLICY THE UNIVERSITY REQUIRES ALL OFFICERS, TRUSTEES AND KEY EMPLOYEES TO COMPLETE AN ANNUAL QUESTIONAIRE THAT REQUIRES THE INDIVIDUALS TO DISCLOSE ANY TRANSACTIONS THAT MAY POTENTIALLY RESULT IN A CONFLICT OF INTEREST. THESE ARE REVIEWED BY THE BOARD CHAIRMAN AND THE PRESIDENT OF THE UNIVERSITY. THE VP FOR FINANCIAL AFFAIRS COLLECTS THE KEY EMPLOYEE DISCLOSURE FORMS AND REVIEWS THEM WITH THE PRESIDENT OF THE UNIVERSITY. TO THE EXTENT THAT A CONFLICT OF INTEREST IS DISCOVERED, THE TRANSACTION IS VETTED IMMEDIATELY AND THE APPROPRIATE ACTION UNDERTAKEN. FORM 990, PART VI, SECTION B, LINE 15 PROCESS FOR DETERMINING COMPENSATION THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES SERVES AS THE COMPENSATION COMMITTEE WHICH REVIEWS AND APPROVES ALL KEY EMPLOYEE ANNUAL COMPENSATION WITHOUT ANY CONFLICT OF INTEREST WITH RESPECT TO THAT COMPENSATION. THE COMMITTEE USED COMPARABLE COMPENSATION DATA FOR SIMILARLY QUALIFIED PEOPLE IN FUNCTIONALLY COMPARABLE POSITIONS AT SIMILAR ORGANIZATIONS. THIS IS AN ANNUAL PROCESS WHERE CONTEMPORANEOUS DOCUMENTATION OF THE DELIBERATION AND DECISION REGARDING THE COMPENSATION ARRANGEMENT IS RECORDED. THE COMMITTEE UTILIZES DATA FROM CUPA-HR AS COMPARATIVE DATA FOR ANALYSIS. DOMINICAN UNIVERSITY NEW YORK COMMISSIONED ITS LAST COMPENSATION SURVEY IN NOVEMBER OF 2022. FORM 990, PART VI, SECTION C, LINE 19 AVAILABILITY OF DOCUMENTS TO THE PUBLIC MAKES ITS FORM 990 AVAILABLE TO THE PUBLIC BY RETAINING A COPY AT ITS PLACE OF BUSINESS. THE ORGANIZATION'S FINANCIAL STATEMENTS, GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE NOT ORDINARILY MADE AVAILABLE TO THE PUBLIC, BUT, IF REQUESTED, WILL BE PROVIDED AT MANAGEMENT'S DISCRETION.