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VAUGHN COLLEGE OF AERONAUTICS AND TECHNOLOGY: Form 990, tax year 2021

View the entire original 990 at ProPublica ↗

Organization
VAUGHN COLLEGE OF AERONAUTICS AND TECHNOLOGY (EIN 11-0461385)
Tax period
2021-09-01 to 2022-08-31
Filed
2023-07-12
IRS object ID
202301939349301850
Schema version
2021v4.2
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2023-07-12T15:18:14-05:00ReturnTs
Tax Period End2022-08-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN390859910PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1BAKER TILLY US LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line11570 FRUITVILLE PIKE SUITE 400AddressLine1Txt
CityLANCASTERCityNm
State AbbreviationPAStateAbbreviationCd
ZIP17601ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2021-09-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN110461385EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1VAUGHN COLLEGE OF AERONAUTICSBusinessNameLine1Txt
Business Name Line2AND TECHNOLOGYBusinessNameLine2Txt
FieldValueIRS element (for citing)
Business Name ControlVAUGBusinessNameControlTxt
Phone7184296600PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line186-01 23RD AVENUEAddressLine1Txt
CityFLUSHINGCityNm
State AbbreviationNYStateAbbreviationCd
ZIP11369ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonROBERT G WALDMANNPersonNm
Person TitleVP FINANCE & BUSINESS SERVICESPersonTitleTxt
Phone7184296600PhoneNum
Signature2023-01-17SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstROBERTPersonFirstNm
Person LastWALDMANNPersonLastNm
FieldValueIRS element (for citing)
SSNXXX-XX-XXXXSSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonKERRI N BOGDA CPAPreparerPersonNm
PTINP00760402PTIN
Phone7177404863PhoneNum
Preparation2023-07-11PreparationDt
Self EmployedYes (X)SelfEmployedInd

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer0TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2021TaxYr
Build TS2023-04-26 12:10:37ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Address ChangeYes (X)AddressChangeInd
Principal OfficerDR SHARON DEVIVOPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line186-01 23RD AVENUEAddressLine1Txt
CityFLUSHINGCityNm
State AbbreviationNYStateAbbreviationCd
ZIP11369ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$41,730,128GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.VAUGHN.EDUWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1932FormationYr
Legal Domicile StateNYLegalDomicileStateCd
Activity Or MissionTO CHANGE THE WORLD ONE STUDENT AT A TIME WITH A TRANSFORMATIONAL EDUCATION THAT CREATES A LIFETIME OF OPPORTUNITY.ActivityOrMissionDesc
Voting Members Governing Body12VotingMembersGoverningBodyCnt
Voting Members Independent11VotingMembersIndependentCnt
Total Employee467TotalEmployeeCnt
Total Volunteers11TotalVolunteersCnt
Total Gross UBI$5,288TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$8,227,293PYContributionsGrantsAmt
CY Contributions Grants$9,690,562CYContributionsGrantsAmt
PY Program Service Revenue$32,659,331PYProgramServiceRevenueAmt
CY Program Service Revenue$30,091,844CYProgramServiceRevenueAmt
PY Investment Income$737,647PYInvestmentIncomeAmt
CY Investment Income$723,347CYInvestmentIncomeAmt
PY Other Revenue$194,502PYOtherRevenueAmt
CY Other Revenue$44,158CYOtherRevenueAmt
PY Total Revenue$41,818,773PYTotalRevenueAmt
CY Total Revenue$40,549,911CYTotalRevenueAmt
PY Grants And Similar Paid$5,521,774PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$4,667,419CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$16,335,194PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$16,121,968CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$495,775CYTotalFundraisingExpenseAmt
PY Other Expenses$22,904,911PYOtherExpensesAmt
CY Other Expenses$22,600,116CYOtherExpensesAmt
PY Total Expenses$44,761,879PYTotalExpensesAmt
CY Total Expenses$43,389,503CYTotalExpensesAmt
PY Revenues Less Expenses-$2,943,106PYRevenuesLessExpensesAmt
CY Revenues Less Expenses-$2,839,592CYRevenuesLessExpensesAmt
Total Assets BOY$105,761,771TotalAssetsBOYAmt
Total Assets EOY$98,455,390TotalAssetsEOYAmt
Total Liabilities BOY$63,058,440TotalLiabilitiesBOYAmt
Total Liabilities EOY$63,356,810TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$42,703,331NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$35,098,580NetAssetsOrFundBalancesEOYAmt
MissionTO PROVIDE A DYNAMIC LEARNING ENVIRONMENT BUILT ON OUR AERONAUTICAL HERITAGE THAT INSPIRES A DIVERSE AND COMMITTED COMMUNITY OF STUDENTS TO ACHIEVE SUCCESS AS LEADERS IN THE INDUSTRIES WE SERVE.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$30,412,198ExpenseAmt
Grant$4,667,419GrantAmt
Revenue$28,483,575RevenueAmt
DescINSTRUCTION - VAUGHN IS A FOUR YEAR PRIVATE EDUCATIONAL INSTITUTION OFFERING BACHELOR AND ASSOCIATE DEGREES IN ENGINEERING AND TECHNOLOGY, AVIATION AND MANAGEMENT. THE INSTITUTION ALSO OFFERS A MASTER OF SCIENCE IN AIRPORT MANAGEMENT. THE COLLEGE PROVIDES EDUCATIONAL SERVICES TO OVER 1,200 STUDENTS. THE INSTRUCTIONAL SERVICES ARE SUPPORTED AND ENHANCED BY EFFORTS IN THE ACADEMIC SUPPORT, STUDENT SUPPORT AND INSTITUTIONAL SUPPORT AREAS.Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
Expense$2,548,599ExpenseAmt
Revenue$1,608,269RevenueAmt
DescAUXILIARY SERVICES - VAUGHN OPERATES A 194 BED RESIDENCE HALL TO PROVIDE ON CAMPUS HOUSING FOR OUR STUDENTS. IN FISCAL YEAR 2021/2022 APPROXIMATELY 109 STUDENTS WERE LIVING IN THE RESIDENCE HALL.Desc
FieldValueIRS element (for citing)
Total Program Service Expenses$32,960,797TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi EndowmentsYes (1)DonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other AssetsYes (1)ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 Footnote0IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (1)IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School OperatingYes (1)SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising ActivitiesYes (1)FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To IndividualsYes (1)GrantsToIndividualsInd
Schedule J RequiredYes (1)ScheduleJRequiredInd
Tax Exempt BondsYes (1)TaxExemptBondsInd
Invest Tax Exempt Bonds0InvestTaxExemptBondsInd
Escrow Account0EscrowAccountInd
On Behalf Of Issuer0OnBehalfOfIssuerInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash ContriYes (1)DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related Entity0RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document2040IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Employee467EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over LimitYes (1)UnrelatedBusIncmOverLimitInd
Form990 T FiledYes (1)Form990TFiledInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo ContributionsYes (1)QuidProQuoContributionsInd
Quid Pro Quo Contri DisclYes (1)QuidProQuoContriDisclInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members12GoverningBodyVotingMembersCnt
Independent Voting Member11IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEOYes (1)CompensationProcessCEOInd
Compensation Process Other0CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1ROBERT G WALDMANN - VP OF FINANCEBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone7184296600PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line186-01 23RD AVENUEAddressLine1Txt
CityFLUSHINGCityNm
State AbbreviationNYStateAbbreviationCd
ZIP11369ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (21 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtAverage Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtHighest Compensated EmployeeHighestCompensatedEmployeeInd
DR SHARON DEVIVO
PRESIDENT35.000.00Yes (X)Yes (X)$397,838$0$8,737
PETER A VAUGHN
CHAIR AS OF 10/21/20211.000.00Yes (X)Yes (X)$0$0$0
OSWIN MOORE
VICE CHAIR1.000.00Yes (X)Yes (X)$0$0$0
LYSA C LEIPONIS
SECRETARY AS OF 10/21/20211.000.00Yes (X)Yes (X)$0$0$0
MARY WARD-CALLAN
TREASURER1.000.00Yes (X)Yes (X)$0$0$0
PATTY CLARK
TRUSTEE1.000.00Yes (X)$0$0$0
BARRY ECCLESTON
TRUSTEE1.000.00Yes (X)$0$0$0
DOUGLAS IZARRA
TRUSTEE1.000.00Yes (X)$0$0$0
KATHERINE B POSNER
TRUSTEE1.000.00Yes (X)$0$0$0
RODERICK K RANDALL
TRUSTEE1.000.00Yes (X)$0$0$0
DR SURYA RAGHU
TRUSTEE AS OF 10/21/20211.000.00Yes (X)$0$0$0
KEN STAUFFER
TRUSTEE1.000.00Yes (X)$0$0$0
ROBERT G WALDMANN
VP FINANCE & BUSINESS SERVICES35.000.00Yes (X)$255,984$0$5,661
PAUL LAVERGNE
VP OF ACADEMIC AFFAIRS35.000.00Yes (X)$164,775$0$37,946
DOMENIC PROSCIA
VP OF TRAINING35.000.00Yes (X)$176,929$0$4,130
KELLI SMITH
VP OF STUDENT AFFAIRS35.000.00Yes (X)$67,926$0$0
HOSSEIN RAHEMI
PROFESSOR35.000.00$191,402$0$16,947Yes (X)
MARGARET DUCHARME
ASSOCIATE PROFESSOR35.000.00$135,031$0$16,202Yes (X)
MAXINE LUBNER
PROFESSOR35.000.00$147,983$0$2,978Yes (X)
EDGAR TROUDT
ASSOCIATE VP OF ACADEMIC AFFAIRS35.000.00$131,857$0$17,258Yes (X)
MARY DURKIN
ASSOC VP OF HUMAN RESOURCES35.000.00$128,858$0$17,130Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$1,798,583TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$126,989TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K27IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (1)TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (5 entries)

Address Line1ContractorAddress/USAddress/AddressLine1TxtCityContractorAddress/USAddress/CityNmState AbbreviationContractorAddress/USAddress/StateAbbreviationCdZIPContractorAddress/USAddress/ZIPCdServicesServicesDescCompensationCompensationAmt
HERITAGE FLIGHT ACADEMY
2075 SMITHTOWN AVERONKONKOMANY11779FLIGHT TRAINING$1,311,053
BOND SCHOENECK & KING PLLC
PO BOX 11607SYRACUSENY13218LEGAL SERVICES$282,279
COOK & KRUPA LLC
81 JERICHO TURNPIKEMINEOLANY11501CONSTRUCTION$228,772
WRD CONSULTING GROUP LLC
PO BOX 1606BRANDONOR97411GRANT CONSULTING$179,973
MARKS PANETH LLP
88 FROEHLICH FARM BLVDWOODBURYNY11797ACCOUNTING SERVICES$105,342
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K5CntrctRcvdGreaterThan100KCnt
Fundraising$150,320FundraisingAmt
Government Grants$9,065,810GovernmentGrantsAmt
All Other Contributions$474,432AllOtherContributionsAmt
Noncash Contributions$188,902NoncashContributionsAmt
Total Contributions$9,690,562TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (2 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
STUDENT TUITION & FEES611710$28,483,575$28,483,575
AUXILIARY REVENUE900099$1,608,269$1,608,269
FieldValueIRS element (for citing)
Total Program Service Revenue$30,091,844TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$321,472TotalRevenueColumnAmt
Exclusion$321,472ExclusionAmt

Incm From Invest Bond Proceeds IncmFromInvestBondProceedsGrp

FieldValueIRS element (for citing)
Total Revenue Column$22,933TotalRevenueColumnAmt
Exclusion$22,933ExclusionAmt

Gross Rents GrossRentsGrp

FieldValueIRS element (for citing)
Real$22,500RealAmt

Less Rental Expenses LessRentalExpensesGrp

FieldValueIRS element (for citing)
Real$0RealAmt

Rental Income Or Loss RentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Real$22,500RealAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column$22,500TotalRevenueColumnAmt
Exclusion$22,500ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$1,442,492SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$1,063,550SecuritiesAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities$378,942SecuritiesAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$378,942TotalRevenueColumnAmt
Exclusion$378,942ExclusionAmt
FieldValueIRS element (for citing)
Fundraising Gross Income$41,100FundraisingGrossIncomeAmt
Contri Rpt Fundraising Event$150,320ContriRptFundraisingEventAmt
Fundraising Direct Expenses$116,667FundraisingDirectExpensesAmt

Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp

FieldValueIRS element (for citing)
Total Revenue Column-$75,567TotalRevenueColumnAmt
Exclusion-$75,567ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp (3 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtExclusionExclusionAmtUnrelated Business RevenueUnrelatedBusinessRevenueAmt
BAD DEBT RECOVERY900099$85,010$85,010
MISCELLANEOUS REVENUE900099$6,927$6,927
PARTNERSHIP INCOME900099$5,288$5,288
FieldValueIRS element (for citing)
Other Revenue Total$97,225OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$40,549,911TotalRevenueColumnAmt
Related Or Exempt Func Income$30,091,844RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$5,288UnrelatedBusinessRevenueAmt
Exclusion$762,217ExclusionAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$4,667,419TotalAmt
Program Services$4,667,419ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$1,166,746TotalAmt
Program Services$919,186ProgramServicesAmt
Management And General$232,124ManagementAndGeneralAmt
Fundraising$15,436FundraisingAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$12,136,460TotalAmt
Program Services$9,561,337ProgramServicesAmt
Management And General$2,414,502ManagementAndGeneralAmt
Fundraising$160,621FundraisingAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$141,847TotalAmt
Program Services$111,750ProgramServicesAmt
Management And General$28,220ManagementAndGeneralAmt
Fundraising$1,877FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$1,521,760TotalAmt
Program Services$1,198,871ProgramServicesAmt
Management And General$302,749ManagementAndGeneralAmt
Fundraising$20,140FundraisingAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$1,155,155TotalAmt
Program Services$910,054ProgramServicesAmt
Management And General$229,814ManagementAndGeneralAmt
Fundraising$15,287FundraisingAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$148,657TotalAmt
Management And General$148,657ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$103,300TotalAmt
Management And General$103,300ManagementAndGeneralAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

FieldValueIRS element (for citing)
Total$82,362TotalAmt
Management And General$82,362ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$3,809,204TotalAmt
Program Services$2,629,682ProgramServicesAmt
Management And General$1,156,195ManagementAndGeneralAmt
Fundraising$23,327FundraisingAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$1,411,562TotalAmt
Program Services$57,069ProgramServicesAmt
Management And General$1,303,228ManagementAndGeneralAmt
Fundraising$51,265FundraisingAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$835,021TotalAmt
Program Services$632,374ProgramServicesAmt
Management And General$195,623ManagementAndGeneralAmt
Fundraising$7,024FundraisingAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$2,392,086TotalAmt
Program Services$1,670,059ProgramServicesAmt
Management And General$722,027ManagementAndGeneralAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$193,905TotalAmt
Program Services$135,377ProgramServicesAmt
Management And General$57,589ManagementAndGeneralAmt
Fundraising$939FundraisingAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$40,952TotalAmt
Program Services$29,937ProgramServicesAmt
Management And General$10,423ManagementAndGeneralAmt
Fundraising$592FundraisingAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$3,032,632TotalAmt
Program Services$3,032,632ProgramServicesAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$4,107,057TotalAmt
Program Services$3,022,989ProgramServicesAmt
Management And General$1,084,068ManagementAndGeneralAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$383,604TotalAmt
Program Services$267,817ProgramServicesAmt
Management And General$115,787ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmtFundraisingFundraisingAmt
COLLEGE RELATIONS$1,190,422$951,940$48,747$189,735
BAD DEBT$500,000$500,000
FOOD SERVICE$348,144$348,144
MEMBERSHIP$112,116$81,960$28,535$1,621

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$3,909,092TotalAmt
Program Services$2,732,200ProgramServicesAmt
Management And General$1,168,981ManagementAndGeneralAmt
Fundraising$7,911FundraisingAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$43,389,503TotalAmt
Program Services$32,960,797ProgramServicesAmt
Management And General$9,932,931ManagementAndGeneralAmt
Fundraising$495,775FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$655,920BOYAmt
EOY$624,482EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$994,397BOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$639,942BOYAmt
EOY$1,099,801EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$546,611BOYAmt
EOY$782,577EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$143,041,073LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$82,501,396LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$63,301,876BOYAmt
EOY$60,539,677EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$33,622,307BOYAmt
EOY$29,011,080EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

FieldValueIRS element (for citing)
BOY$320,733BOYAmt
EOY$759,909EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$5,679,985BOYAmt
EOY$5,637,864EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$105,761,771BOYAmt
EOY$98,455,390EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$2,185,878BOYAmt
EOY$2,719,585EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$1,621,690BOYAmt
EOY$1,199,067EOYAmt

Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$49,386,545BOYAmt
EOY$48,246,283EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

FieldValueIRS element (for citing)
BOY$9,646,076BOYAmt
EOY$11,028,577EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$218,251BOYAmt
EOY$163,298EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$63,058,440BOYAmt
EOY$63,356,810EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$17,700,394BOYAmt
EOY$30,378,554EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$25,002,937BOYAmt
EOY$4,720,026EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$42,703,331BOYAmt
EOY$35,098,580EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$105,761,771BOYAmt
EOY$98,455,390EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss-$2,839,592ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst-$4,765,159NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit RequiredYes (1)FederalGrantAuditRequiredInd
Federal Grant Audit PerformedYes (1)FederalGrantAuditPerformedInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
SchoolYes (X)SchoolInd

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

CY Endwmt Fund CYEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$6,895,728BeginningYearBalanceAmt
Contributions$25,000ContributionsAmt
Investment Earnings Or Losses-$810,563InvestmentEarningsOrLossesAmt
Grants Or Scholarships$38,515GrantsOrScholarshipsAmt
End Year Balance$6,071,650EndYearBalanceAmt

CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$5,421,696BeginningYearBalanceAmt
Contributions$265,250ContributionsAmt
Investment Earnings Or Losses$1,249,864InvestmentEarningsOrLossesAmt
Grants Or Scholarships$41,082GrantsOrScholarshipsAmt
End Year Balance$6,895,728EndYearBalanceAmt

CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$4,288,477BeginningYearBalanceAmt
Contributions$475,150ContributionsAmt
Investment Earnings Or Losses$671,695InvestmentEarningsOrLossesAmt
Grants Or Scholarships$13,626GrantsOrScholarshipsAmt
End Year Balance$5,421,696EndYearBalanceAmt

CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$4,112,826BeginningYearBalanceAmt
Contributions$350ContributionsAmt
Investment Earnings Or Losses$221,856InvestmentEarningsOrLossesAmt
Grants Or Scholarships$46,555GrantsOrScholarshipsAmt
End Year Balance$4,288,477EndYearBalanceAmt

CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$3,753,071BeginningYearBalanceAmt
Contributions$85,611ContributionsAmt
Investment Earnings Or Losses$310,785InvestmentEarningsOrLossesAmt
Grants Or Scholarships$36,641GrantsOrScholarshipsAmt
End Year Balance$4,112,826EndYearBalanceAmt
FieldValueIRS element (for citing)
Board Designated Balance EOY0.28660BoardDesignatedBalanceEOYPct
Prmnnt Endowment Balance EOY0.06200PrmnntEndowmentBalanceEOYPct
Term Endowment Balance EOY0.65140TermEndowmentBalanceEOYPct
Endowments Held Unrelated OrgYes (1)EndowmentsHeldUnrelatedOrgInd
Endowments Held Related Org0EndowmentsHeldRelatedOrgInd

Land LandGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$5,407,437OtherCostOrOtherBasisAmt
Book Value$5,407,437BookValueAmt

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$110,316,195OtherCostOrOtherBasisAmt
Depreciation$55,183,955DepreciationAmt
Book Value$55,132,240BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$27,317,441OtherCostOrOtherBasisAmt
Depreciation$27,317,441DepreciationAmt
Book Value$0BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$60,539,677TotalBookValueLandBuildingsAmt

Other Assets Org OtherAssetsOrgGrp (3 entries)

DescDescBook ValueBookValueAmt
EXCHANGE$1,711
DEPOSITS$32,648
DEPOSITS HELD BY BOND TRUSTEE$5,603,505
FieldValueIRS element (for citing)
Total Book Value Other Assets$5,637,864TotalBookValueOtherAssetsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)

DescDescAmtAmt
FINANCE LEASE OBLIGATION$49,298
ASSET RETIREMENT OBLIGATION$114,000
FieldValueIRS element (for citing)
Total Liability$163,298TotalLiabilityAmt
Total Rev Etc Audited Fincl Stmt$31,098,981TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst-$4,765,159NetUnrealizedGainsInvstAmt
Donated Services And Use Fclts$56,410DonatedServicesAndUseFcltsAmt
Other Revenue-$4,577,457OtherRevenueAmt
Revenue Not Reported-$9,286,206RevenueNotReportedAmt
Revenue Subtotal$40,385,187RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt$0RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$40,385,187TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$38,703,732TotExpnsEtcAuditedFinclStmtAmt
Donated Services Use Fclts$56,410DonatedServicesUseFcltsAmt
Other Expenses Included$7,600OtherExpensesIncludedAmt
Expenses Not Reported$64,010ExpensesNotReportedAmt
Expenses Subtotal$38,639,722ExpensesSubtotalAmt
Other Expenses Not Included$4,749,781OtherExpensesNotIncludedAmt
Expenses Not Rpt Fincl Stmt$4,749,781ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$43,389,503TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (4 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART V, LINE 4:TO PROVIDE FUNDS FOR STUDENT SCHOLARSHIPS.
PART XI, LINE 2D - OTHER ADJUSTMENTS:SCHOLARSHIPS & FELLOWSHIPS -4,667,419. INVESTMENT FEES 82,362. ADDITIONAL FUNDRAISING EVENT DIRECT EXPENSE 7,600.
PART XII, LINE 2D - OTHER ADJUSTMENTS:ADDITIONAL FUNDRAISING EVENT DIRECT EXPENSE 7,600.
PART XII, LINE 4B - OTHER ADJUSTMENTS:SCHOLARSHIPS & FELLOWSHIPS 4,667,419. INVESTMENT FEES 82,362.

Schedule E IRS990ScheduleE

FieldValueIRS element (for citing)
Nondiscriminatory Policy StmtYes (1)NondiscriminatoryPolicyStmtInd
Policy Stmt In Brochures EtcYes (1)PolicyStmtInBrochuresEtcInd
Plcy Pblczd Via Broadcast MediaYes (1)PlcyPblczdViaBroadcastMediaInd
Maintain Racial Comp RecsYes (1)MaintainRacialCompRecsInd
Maintain Scholarships RecsYes (1)MaintainScholarshipsRecsInd
Maintain Cpy Of Brochures EtcYes (1)MaintainCpyOfBrochuresEtcInd
Maintain Cpy Of All SolYes (1)MaintainCpyOfAllSolInd
Discriminate Race Stdnts Rghts0DiscriminateRaceStdntsRghtsInd
Discriminate Race Admiss Plcy0DiscriminateRaceAdmissPlcyInd
Discriminate Race Emplm Fculty0DiscriminateRaceEmplmFcultyInd
Discriminate Race Schs0DiscriminateRaceSchsInd
Discriminate Race Educ Plcy0DiscriminateRaceEducPlcyInd
Discriminate Race Use Of Fclts0DiscriminateRaceUseOfFcltsInd
Discriminate Race Athlt Prog0DiscriminateRaceAthltProgInd
Discriminate Race Other Acty0DiscriminateRaceOtherActyInd
Government Financial Aid RcvdYes (1)GovernmentFinancialAidRcvdInd
Government Financial Aid Rvkd0GovernmentFinancialAidRvkdInd
Compliance With Rev Proc7550Yes (1)ComplianceWithRevProc7550Ind

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
SCHEDULE E, PART I, LINE 3THE ORGANIZATION MAKES THE POLICY KNOWN TO THE GENERAL COMMUNITY THRU ITS CATALOG.
SCHEDULE E, PART I, LINE 6VAUGHN COLLEGE RECEIVES FUNDS FROM VARIOUS FEDERAL AND STATE GOVERNMENTAL AGENCIES UNDER THEIR RESPECTIVE STUDENT FINANCIAL AID ASSISTANCE PROGRAMS. FEDERAL PROGRAMS INCLUDE THE PELL GRANT PROGRAM, SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANT (SEOG) PROGRAM AND FEDERAL WORK STUDY (FWS) PROGRAM.

Schedule G IRS990ScheduleG

Fundraising Event Information FundraisingEventInformationGrp

FieldValueIRS element (for citing)
Event1GALAEvent1Nm
Gross Receipts Event1$190,220GrossReceiptsEvent1Amt
Charitable Contri Event1$150,320CharitableContriEvent1Amt
Gross Revenue Event1$39,900GrossRevenueEvent1Amt
Other Direct Expenses Event1$116,667OtherDirectExpensesEvent1Amt
Gross Receipts Total$190,220GrossReceiptsTotalAmt
Charitable Contributions Tot$150,320CharitableContributionsTotAmt
Gross Revenue Total Events$39,900GrossRevenueTotalEventsAmt
Oth Direct Expnss Total Events$116,667OthDirectExpnssTotalEventsAmt
Direct Expense Summary Events$116,667DirectExpenseSummaryEventsAmt
Net Income Summary-$76,767NetIncomeSummaryAmt

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedYes (1)GrantRecordsMaintainedInd

Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp

FieldValueIRS element (for citing)
Grant TypeSCHOLARSHIPSGrantTypeTxt
Recipient956RecipientCnt
Cash Grant$4,667,419CashGrantAmt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART I, LINE 2:FormAndLineReferenceDesc
ExplanationTHE COLLEGE OFFERS SEVERAL SCHOLARSHIP OPPORTUNITIES FOR STUDENTS. THE PRIMARY SCHOLARSHIPS AND THE GUIDELINES FOR QUALIFYING ARE: FOUNDERS SCHOLARSHIPS - THESE SCHOLARSHIPS ARE AWARDED TO STUDENTS UPON ACCEPTANCE TO A BACHELOR OF SCIENCE DEGREE PROGRAM AT VAUGHN. TO BE CONSIDERED, APPLICANTS MUST ATTAIN A CUMULATIVE HIGH SCHOOL AVERAGE OF AT LEAST A "B AND A COMBINED SAT SCORE OF AT LEAST 1000. STUDENTS WHO MEET THESE MINIMUM CRITERIA WILL BE CONSIDERED FOR AWARDS, BASED ON THEIR GRADES AND EXAM SCORES, BY VAUGHN COLLEGE'S SCHOLARSHIP COMMITTEE. THE AWARDS MAY BE RENEWABLE FOR UP TO FOUR YEARS OF CONSECUTIVE STUDY, PROVIDING THE RECIPIENT MAINTAINS A 2.75 CUMULATIVE GRADE POINT AVERAGE (GPA) AND A FULL TIME STATUS. BOARD OF TRUSTEES, ACADEMIC GRANT ( #14 AND #36)- THESE GRANTS ALLOCATE FUNDS TO BE USED IN AWARDING GRANT-IN-AID ASSISTANCE TO NEW AND CONTINUING STUDENTS. GRANTS ARE AWARDED TO STUDENTS WHO ARE MATRICULATING ON A FULL TIME BASIS IN BACHELOR AND ASSOCIATE DEGREE PROGRAMS. RECIPIENTS ARE SELECTED ON THE BASIS OF THEIR FINANCIAL AID STATUS. AWARDS ARE DESIGNATED FOR A SPECIFIC ACADEMIC YEAR AND ARE RENEWABLE EACH SEMESTER BASED ON SATISFACTORY ACADEMIC PERFORMANCE AND THE AVAILABILITY OF FUNDS. TRANSFER STUDENT SCHOLARSHIP - TRANSFER STUDENTS PURSUING A BACHELOR'S DEGREE WHO HAVE COMPLETED 24 OR MORE CREDITS AT AN ACCREDITED COLLEGE OR UNIVERSITY AND WHO HAVE ACHIEVED A CUMULATIVE GRADE POINT AVERAGE (GPA) OF AT LEAST 2.75 (INCLUDING ALL COURSES AT EVERY INSTITUTION ATTENDED) MAY BE AWARDED SCHOLARSHIPS TO TRANSFER. THE AWARDS MAY BE RENEWABLE FOR UP TO THREE YEARS OF CONSECUTIVE STUDY, PROVIDING THE RECIPIENT MAINTAINS A CUMULATIVE (GPA) OF 2.75 AND A FULL TIME STATUS. THE NUMBER OF YEARS THE SCHOLARSHIP WILL BE PROVIDED DEPENDS ON THE NUMBER OF CREDITS ACCEPTED BY THE COLLEGE AT THE TIME OF TRANSFER. ACADEMIC EXCELLENCE SCHOLARSHIPS - ACADEMIC EXCELLENCE SCHOLARSHIPS ARE AWARDED EACH YEAR TO CONTINUING STUDENTS ON THE BASIS OF OUTSTANDING ACADEMIC ACHIEVEMENT AND SELECTION FOR ACADEMIC HONORS. THE CRITERIA APPLIED IN DECIDING ELIGIBILITY FOR THESE AWARDS INCLUDE CUMULATIVE GPA AND SATISFACTORY COMPLETION OF AT LEAST TWO SEMESTERS (29 CREDITS/UNITS OR MORE) AS A MATRICULATED STUDENT AND A FULL TIME STATUS.ExplanationTxt

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Compensation CommitteeYes (X)CompensationCommitteeInd
Form990 Of Other OrganizationsYes (X)Form990OfOtherOrganizationsInd
Board Or Committee ApprovalYes (X)BoardOrCommitteeApprovalInd
Severance Payment0SeverancePaymentInd
Supplemental Nonqual Rtr Plan0SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm0EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org0CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs0CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng Org0CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs0CompBsdNetEarnsRltdOrgsInd
Any Non Fixed Payments0AnyNonFixedPaymentsInd
Initial Contract Exception0InitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (7 entries)

TitleTitleTxtBase Compensation Filing OrgBaseCompensationFilingOrgAmtCompensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmtBonus Filing OrganizationBonusFilingOrganizationAmountBonus Related OrganizationsBonusRelatedOrganizationsAmtOther Compensation Filing OrgOtherCompensationFilingOrgAmtOther Compensation Rltd OrgsOtherCompensationRltdOrgsAmtDeferred Compensation Flng OrgDeferredCompensationFlngOrgAmtDeferred Comp Rltd OrgsDeferredCompRltdOrgsAmtNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmtNontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmtTotal Compensation Filing OrgTotalCompensationFilingOrgAmtTotal Compensation Rltd OrgsTotalCompensationRltdOrgsAmtComp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmtComp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
DR SHARON DEVIVO
PRESIDENT$393,795$0$0$0$4,043$0$7,907$0$830$0$406,575$0$0$0
ROBERT G WALDMANN
VP FINANCE & BUSINESS SERVICES$254,095$0$0$0$1,889$0$5,087$0$574$0$261,645$0$0$0
HOSSEIN RAHEMI
PROFESSOR$191,402$0$0$0$0$0$2,336$0$14,611$0$208,349$0$0$0
PAUL LAVERGNE
VP OF ACADEMIC AFFAIRS$163,551$0$0$0$1,224$0$3,550$0$34,396$0$202,721$0$0$0
DOMENIC PROSCIA
VP OF TRAINING$173,188$0$0$0$3,741$0$3,300$0$830$0$181,059$0$0$0
MARGARET DUCHARME
ASSOCIATE PROFESSOR$135,031$0$0$0$0$0$1,591$0$14,611$0$151,233$0$0$0
MAXINE LUBNER
PROFESSOR$147,983$0$0$0$0$0$2,148$0$830$0$150,961$0$0$0

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceSCHEDULE J PART II COLUMN B(III):FormAndLineReferenceDesc
ExplanationOTHER REPORTABLE COMPENSATION IN COLUMN B(III) REPRESENTS AUTO ALLOWANCES PROVIDED TO EMPLOYEES.ExplanationTxt

Schedule K IRS990ScheduleK

Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp

FieldValueIRS element (for citing)
Bond ReferenceABondReferenceCd

Issuer Name IssuerName

FieldValueIRS element (for citing)
Business Name Line1DORMITORY AUTHORITY OF THE STATE OF NYBusinessNameLine1Txt
FieldValueIRS element (for citing)
Bond Issuer EIN146000293BondIssuerEIN
CUSIP64990CLH2CUSIPNum
Bond Issued2016-12-15BondIssuedDt
Issue Price$54,803,179IssuePriceAmt
PurposeACQUIRE & RENOVATE FACILITY. REFUND PRIOR ISSUE (12/14/16)PurposeDesc
Defeased0DefeasedInd
On Behalf Of Issuer0OnBehalfOfIssuerInd
Pool Financing0PoolFinancingInd

Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp

FieldValueIRS element (for citing)
Bond ReferenceABondReferenceCd
Retired$5,320,000RetiredAmt
Total Proceeds$54,841,392TotalProceedsAmt
In Reserve Fund$3,962,049InReserveFundAmt
Issuance Costs From Proceeds$1,047,475IssuanceCostsFromProceedsAmt
Capital Expenditures$19,994,195CapitalExpendituresAmt
Other Spent Proceeds$29,837,673OtherSpentProceedsAmt
Substantial Completion2019SubstantialCompletionYr
Refunding Tax Exempt BondsYes (1)RefundingTaxExemptBondsInd
Refunding Taxable Bonds0RefundingTaxableBondsInd
Final Allocation MadeYes (1)FinalAllocationMadeInd
Adequate Books And Rec MaintYes (1)AdequateBooksAndRecMaintInd

Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp

FieldValueIRS element (for citing)
Bond ReferenceABondReferenceCd
Owning Bond Financed Property0OwningBondFinancedPropertyInd
Any Lease Arrangements0AnyLeaseArrangementsInd
Mgmt Contract Bond Fincd Prop0MgmtContractBondFincdPropInd
Any Research Agreements0AnyResearchAgreementsInd
Private Bus Use By Others0.00000PrivateBusUseByOthersPct
Private Bus Concerning UBI0.00000PrivateBusConcerningUBIPct
Total Private Business Use0.00000TotalPrivateBusinessUsePct
Bond Iss Meet Prvt Sec Pymt Test0BondIssMeetPrvtSecPymtTestInd
Change In Use Bond Financed Prop0ChangeInUseBondFinancedPropInd
Procs Nonqualified Bond RemdtdYes (1)ProcsNonqualifiedBondRemdtdInd

Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp

FieldValueIRS element (for citing)
Bond ReferenceABondReferenceCd
Form8038 T Filed0Form8038TFiledInd
Rebate Not Due YetYes (1)RebateNotDueYetInd
Exception To RebateYes (1)ExceptionToRebateInd
No Rebate Due0NoRebateDueInd
Variable Rate Issue0VariableRateIssueInd
Hedge Identified In Bks And Rec0HedgeIdentifiedInBksAndRecInd
Gross Proceeds Invested In GIC0GrossProceedsInvestedInGICInd
Gross Proceeds Invested0GrossProceedsInvestedInd
Written Proc To Monitor ReqsYes (1)WrittenProcToMonitorReqsInd

Procedures Corrective Action ProceduresCorrectiveActionGrp

FieldValueIRS element (for citing)
Bond ReferenceABondReferenceCd
Procedures Corrective ActionYes (1)ProceduresCorrectiveActionInd

Schedule M IRS990ScheduleM

Securities Publicly Traded SecuritiesPubliclyTradedGrp

FieldValueIRS element (for citing)
Non Cash CheckboxYes (X)NonCashCheckboxInd
Contribution1ContributionCnt
Noncash Contributions Rpt F990$26,082NoncashContributionsRptF990Amt
Method Of Determining RevenuesNYSEMethodOfDeterminingRevenuesTxt

Other Non Cash Contri Table OtherNonCashContriTableGrp (2 entries)

Non Cash CheckboxNonCashCheckboxIndDescDescContributionContributionCntNoncash Contributions Rpt F990NoncashContributionsRptF990AmtMethod Of Determining RevenuesMethodOfDeterminingRevenuesTxt
Yes (X)BOEING 747 AIRCRAFT PARTS1$143,635APPRAISAL
Yes (X)TURBOPROP ENGINE1$19,185APPRAISAL
FieldValueIRS element (for citing)
Form8283 Received0Form8283ReceivedCnt
Any Property That Must Be Held0AnyPropertyThatMustBeHeldInd
Review Process Unusual NC GiftsYes (1)ReviewProcessUnusualNCGiftsInd
Third Parties Used0ThirdPartiesUsedInd

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART I, COLUMN (B):FormAndLineReferenceDesc
ExplanationTHE NUMBER IN COLUMN B REPRESENTS THE NUMBER OF CONTRIBUTORSExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (4 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION B, LINE 11BTHE FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTANT. THE AUDIT COMMITTEE AND THE BOARD OF TRUSTEES REVIEW THE 990 IN DETAIL. ONCE FORMALLY APPROVED THE 990 IS THEN FILED WITH THE IRS.
FORM 990, PART VI, SECTION B, LINE 12CIN FEBRUARY 2017, AN UPDATED BOARD OF TRUSTEES - CONFLICT OF INTEREST POLICY AND PROCEDURE WAS ADOPTED. THE POLICY AND PROCEDURE INCLUDES AN ANNUAL CONFLICT OF INTEREST DISCLOSURE STATEMENT WHICH MUST BE COMPLETED, SIGNED AND SUBMITTED BY EACH BOARD MEMBER EVERY YEAR IN MAY. THE PRESIDENT'S SECRETARY CONFIRMS RECEIPT OF THE STATEMENTS AND KEEPS THEM ON FILE. IN JULY 2009, AN OFFICERS AND MANAGEMENT STAFF CONFLICT OF INTEREST POLICY AND PROCEDURES WAS ADOPTED. THE POLICY AND PROCEDURE ALSO INCLUDES A CONFLICT OF INTEREST DISCLOSURE FORM WHICH IS COMPLETED, SIGNED AND SUBMITTED ON AN ANNUAL BASIS. THE ASSISTANT VICE PRESIDENT FOR HUMAN RESOURCES AND COLLEGE SERVICES CONFIRMS RECEIPT, REVIEWS THE FORMS AND KEEPS THEM ON FILE. THE CONFLICT OF INTEREST POLICY EXPRESSLY ACKNOWLEDGES THAT FAMILY AND BUSINESS RELATIONSHIPS COULD BE SOURCES OF CONFLICT.
FORM 990, PART VI, SECTION B, LINE 15ATHE PRESIDENT'S COMPENSATION IS DETERMINED BY THE BOARD OF TRUSTEES' COMPENSATION COMMITTEE WITH STAFF ASSISTANCE FROM THE COLLEGE'S EXTERNAL LEGAL COUNSEL. COUNSEL USES THE FOLLOWING COMPENSATION FACTORS AND SOURCES TO ASSIST THE COMMITTEE IN ITS DECISION-MAKING PROCESS: COMPENSATION FACTORS - A. COMPENSATION LEVELS PAID BY SIMILAR ORGANIZATIONS B. LEVEL OF PERSON'S EDUCATION AND EXPERIENCE C. SPECIFIC RESPONSIBILITIES OF POSITION D. PREVIOUS SALARY OR COMPENSATION PACKAGE E. SIMILAR SERVICES IN THE SAME GEOGRAPHIC OR METROPOLITAN AREA F. SIMILAR NUMBER OF STUDENTS G. ANNUAL BUDGET AND/OR GROSS REVENUE/ASSETS H. NATURE OF CURRICULUM (E.G., 2 YEAR VS. 4 YEAR UNDERGRADUATE VS. GRADUATE) COMPENSATION SOURCES - A. INTERNET RESEARCH ON COMPENSATION AT SIMILAR INSTITUTIONS B. FORMS 990 FILED BY OTHER COLLEGES AND UNIVERSITIES C. ANNUAL BUDGET OR GROSS REVENUE/ASSETS
FORM 990, PART VI, SECTION C, LINE 19A SUMMARY OF THE COLLEGE'S KEY FINANCIAL RESULTS ARE PRINTED IN ITS MAGAZINE - ANNUAL REPORT EDITION. ALL OTHER GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST.