2023-07-12T15:18:14-05:00 2022-08-31 390859910 BAKER TILLY US LLP 1570 FRUITVILLE PIKE SUITE 400 LANCASTER PA 17601 990 2021-09-01 110461385 VAUGHN COLLEGE OF AERONAUTICS AND TECHNOLOGY VAUG 7184296600 86-01 23RD AVENUE FLUSHING NY 11369 ROBERT G WALDMANN VP FINANCE & BUSINESS SERVICES 7184296600 2023-01-17 1 ROBERT WALDMANN XXX-XX-XXXX KERRI N BOGDA CPA P00760402 7177404863 2023-07-11 X 0 AAL1 IAL1 2021 2023-04-26 12:10:37Z X DR SHARON DEVIVO 86-01 23RD AVENUE FLUSHING NY 11369 41730128 0 X WWW.VAUGHN.EDU X 1932 NY TO CHANGE THE WORLD ONE STUDENT AT A TIME WITH A TRANSFORMATIONAL EDUCATION THAT CREATES A LIFETIME OF OPPORTUNITY. 12 11 467 11 5288 0 8227293 9690562 32659331 30091844 737647 723347 194502 44158 41818773 40549911 5521774 4667419 0 0 16335194 16121968 0 0 495775 22904911 22600116 44761879 43389503 -2943106 -2839592 105761771 98455390 63058440 63356810 42703331 35098580 TO 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. 0 0 30412198 4667419 28483575 INSTRUCTION - 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. 2548599 1608269 AUXILIARY 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. 32960797 1 1 0 0 0 0 0 0 0 1 1 0 0 1 1 0 1 0 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 2040 0 467 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 12 11 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X ROBERT G WALDMANN - VP OF FINANCE 7184296600 86-01 23RD AVENUE FLUSHING NY 11369 DR SHARON DEVIVO PRESIDENT 35.00 0.00 X X 397838 0 8737 PETER A VAUGHN CHAIR AS OF 10/21/2021 1.00 0.00 X X 0 0 0 OSWIN MOORE VICE CHAIR 1.00 0.00 X X 0 0 0 LYSA C LEIPONIS SECRETARY AS OF 10/21/2021 1.00 0.00 X X 0 0 0 MARY WARD-CALLAN TREASURER 1.00 0.00 X X 0 0 0 PATTY CLARK TRUSTEE 1.00 0.00 X 0 0 0 BARRY ECCLESTON TRUSTEE 1.00 0.00 X 0 0 0 DOUGLAS IZARRA TRUSTEE 1.00 0.00 X 0 0 0 KATHERINE B POSNER TRUSTEE 1.00 0.00 X 0 0 0 RODERICK K RANDALL TRUSTEE 1.00 0.00 X 0 0 0 DR SURYA RAGHU TRUSTEE AS OF 10/21/2021 1.00 0.00 X 0 0 0 KEN STAUFFER TRUSTEE 1.00 0.00 X 0 0 0 ROBERT G WALDMANN VP FINANCE & BUSINESS SERVICES 35.00 0.00 X 255984 0 5661 PAUL LAVERGNE VP OF ACADEMIC AFFAIRS 35.00 0.00 X 164775 0 37946 DOMENIC PROSCIA VP OF TRAINING 35.00 0.00 X 176929 0 4130 KELLI SMITH VP OF STUDENT AFFAIRS 35.00 0.00 X 67926 0 0 HOSSEIN RAHEMI PROFESSOR 35.00 0.00 X 191402 0 16947 MARGARET DUCHARME ASSOCIATE PROFESSOR 35.00 0.00 X 135031 0 16202 MAXINE LUBNER PROFESSOR 35.00 0.00 X 147983 0 2978 EDGAR TROUDT ASSOCIATE VP OF ACADEMIC AFFAIRS 35.00 0.00 X 131857 0 17258 MARY DURKIN ASSOC VP OF HUMAN RESOURCES 35.00 0.00 X 128858 0 17130 1798583 0 126989 27 0 1 0 HERITAGE FLIGHT ACADEMY 2075 SMITHTOWN AVE RONKONKOMA NY 11779 FLIGHT TRAINING 1311053 BOND SCHOENECK & KING PLLC PO BOX 11607 SYRACUSE NY 13218 LEGAL SERVICES 282279 COOK & KRUPA LLC 81 JERICHO TURNPIKE MINEOLA NY 11501 CONSTRUCTION 228772 WRD CONSULTING GROUP LLC PO BOX 1606 BRANDON OR 97411 GRANT CONSULTING 179973 MARKS PANETH LLP 88 FROEHLICH FARM BLVD WOODBURY NY 11797 ACCOUNTING SERVICES 105342 5 150320 9065810 474432 188902 9690562 STUDENT TUITION & FEES 611710 28483575 28483575 AUXILIARY REVENUE 900099 1608269 1608269 30091844 321472 321472 22933 22933 22500 0 22500 22500 22500 1442492 1063550 378942 378942 378942 41100 150320 116667 -75567 -75567 BAD DEBT RECOVERY 900099 85010 85010 MISCELLANEOUS REVENUE 900099 6927 6927 PARTNERSHIP INCOME 900099 5288 5288 97225 40549911 30091844 5288 762217 4667419 4667419 1166746 919186 232124 15436 12136460 9561337 2414502 160621 141847 111750 28220 1877 1521760 1198871 302749 20140 1155155 910054 229814 15287 148657 148657 103300 103300 82362 82362 3809204 2629682 1156195 23327 1411562 57069 1303228 51265 835021 632374 195623 7024 2392086 1670059 722027 193905 135377 57589 939 40952 29937 10423 592 3032632 3032632 4107057 3022989 1084068 383604 267817 115787 COLLEGE RELATIONS 1190422 951940 48747 189735 BAD DEBT 500000 500000 FOOD SERVICE 348144 348144 MEMBERSHIP 112116 81960 28535 1621 3909092 2732200 1168981 7911 43389503 32960797 9932931 495775 655920 624482 994397 639942 1099801 546611 782577 143041073 82501396 63301876 60539677 33622307 29011080 320733 759909 5679985 5637864 105761771 98455390 2185878 2719585 1621690 1199067 49386545 48246283 9646076 11028577 218251 163298 63058440 63356810 X 17700394 30378554 25002937 4720026 42703331 35098580 105761771 98455390 -2839592 -4765159 0 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 6895728 25000 -810563 38515 6071650 5421696 265250 1249864 41082 6895728 4288477 475150 671695 13626 5421696 4112826 350 221856 46555 4288477 3753071 85611 310785 36641 4112826 0.28660 0.06200 0.65140 1 0 5407437 5407437 110316195 55183955 55132240 27317441 27317441 0 60539677 EXCHANGE 1711 DEPOSITS 32648 DEPOSITS HELD BY BOND TRUSTEE 5603505 5637864 FINANCE LEASE OBLIGATION 49298 ASSET RETIREMENT OBLIGATION 114000 163298 31098981 -4765159 56410 -4577457 -9286206 40385187 0 40385187 38703732 56410 7600 64010 38639722 4749781 4749781 43389503 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. 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 ORGANIZATION MAKES THE POLICY KNOWN TO THE GENERAL COMMUNITY THRU ITS CATALOG. SCHEDULE E, PART I, LINE 6 VAUGHN 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. GALA 190220 150320 39900 116667 190220 150320 39900 116667 116667 -76767 1 SCHOLARSHIPS 956 4667419 PART I, LINE 2: THE 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. X X X 0 0 0 0 0 0 0 0 0 DR SHARON DEVIVO PRESIDENT 393795 0 0 0 4043 0 7907 0 830 0 406575 0 0 0 ROBERT G WALDMANN VP FINANCE & BUSINESS SERVICES 254095 0 0 0 1889 0 5087 0 574 0 261645 0 0 0 HOSSEIN RAHEMI PROFESSOR 191402 0 0 0 0 0 2336 0 14611 0 208349 0 0 0 PAUL LAVERGNE VP OF ACADEMIC AFFAIRS 163551 0 0 0 1224 0 3550 0 34396 0 202721 0 0 0 DOMENIC PROSCIA VP OF TRAINING 173188 0 0 0 3741 0 3300 0 830 0 181059 0 0 0 MARGARET DUCHARME ASSOCIATE PROFESSOR 135031 0 0 0 0 0 1591 0 14611 0 151233 0 0 0 MAXINE LUBNER PROFESSOR 147983 0 0 0 0 0 2148 0 830 0 150961 0 0 0 SCHEDULE J PART II COLUMN B(III): OTHER REPORTABLE COMPENSATION IN COLUMN B(III) REPRESENTS AUTO ALLOWANCES PROVIDED TO EMPLOYEES. A DORMITORY AUTHORITY OF THE STATE OF NY 146000293 64990CLH2 2016-12-15 54803179 ACQUIRE & RENOVATE FACILITY. REFUND PRIOR ISSUE (12/14/16) 0 0 0 A 5320000 54841392 3962049 1047475 19994195 29837673 2019 1 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 1 1 0 0 0 0 0 1 A 1 X 1 26082 NYSE X BOEING 747 AIRCRAFT PARTS 1 143635 APPRAISAL X TURBOPROP ENGINE 1 19185 APPRAISAL 0 0 1 0 PART I, COLUMN (B): THE NUMBER IN COLUMN B REPRESENTS THE NUMBER OF CONTRIBUTORS FORM 990, PART VI, SECTION B, LINE 11B THE 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 12C IN 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 15A THE 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 19 A 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.