2022-05-06T08:29:58-05:00 2021-06-30 366055558 GRANT THORNTON LLP 757 THIRD AVENUE 3RD FLOOR NEW YORK NY 100172013 990 2020-07-01 111797182 MOLLOY COLLEGE MOLL 5163233000 1000 HEMPSTEAD AVENUE PO BOX 5002 ROCKVILLE CENTRE NY 115715002 SUSAN D WILLIAMS VP FOR FINANCE & TREASURER 5163233000 2022-05-06 1 SUSAN WILLIAMS 999009999 SCOTT THOMPSETT P00741490 2125990100 0 AAL1 IAL1 2020 2022-09-23 18:48:47Z JAMES P LENTINI 1000 HEMPSTEAD AVENUE PO BOX 5002 ROCKVILLE CENTRE NY 115715002 190540195 0 X WWW.MOLLOY.EDU X 1955 NY MOLLOY COLLEGE IS AN INDEPENDENT CATHOLIC COLLEGE ROOTED IN THE DOMINICAN TRADITION OF STUDY. 29 28 2187 130 947 0 10150247 13535715 147286279 142077332 1659279 2205186 1995867 549015 161091672 158367248 31800381 35214333 0 0 84361859 78321188 0 0 1197754 38348587 37905990 154510827 151441511 6580845 6925737 237160877 267253283 118262235 134872031 118898642 132381252 X MOLLOY COLLEGE, AN INDEPENDENT CATHOLIC COLLEGE, ROOTED IN THE DOMINICAN TRADITION OF STUDY, SPIRITUALITY, SERVICE, AND COMMUNITY, IS COMMITTED TO ACADEMIC EXCELLENCE WITH RESPECT FOR EACH PERSON. THROUGH TRANSFORMATIVE EDUCATION, MOLLOY PROMOTES A LIFELONG SEARCH FOR TRUTH AND THE DEVELOPMENT OF ETHICAL LEADERSHIP. 0 0 123482831 35214333 142090237 SEE SCHEDULE OFOUNDED IN 1955 BY THE DOMINICAN SISTERS OF AMITYVILLE, MOLLOY COLLEGE (THE "COLLEGE OR "MOLLOY") IS AN INDEPENDENT CATHOLIC COLLEGE, ROOTED IN THE DOMINICAN TRADITION OF STUDY, SPIRITUALITY, SERVICE, AND COMMUNITY, AND COMMITTED TO ACADEMIC EXCELLENCE WITH RESPECT FOR EACH PERSON. THROUGH TRANSFORMATIVE EDUCATION, MOLLOY PROMOTES A LIFELONG SEARCH FOR TRUTH AND THE DEVELOPMENT OF ETHICAL LEADERSHIP. WITH NEARLY 5,000 STUDENTS, MOLLOY COLLEGE OFFERS 107 UNDERGRADUATE DEGREES IN CAREER AREAS, PROFESSIONAL AREAS AND IN THE LIBERAL ARTS AND SCIENCES, AS WELL AS 58 MASTER'S DEGREES AND 3 DOCTORAL DEGREES, THE MOST RECENT THE ED.D. IN EDUCATIONAL LEADERSHIP FOR DIVERSE LEARNING COMMUNITIES, ADDED IN 2015. THE COLLEGE PROVIDES A STUDENT-CENTERED LEARNING EXPERIENCE WHICH ENHANCES THE INTELLECTUAL, ETHICAL, SPIRITUAL AND SOCIAL DEVELOPMENT OF EVERY STUDENT, AND STRIVES TO ENHANCE THE QUALITY OF ITS ACADEMIC PROGRAMS, FACULTY, AND TEACHING LEARNING ENVIRONMENT. THE COLLEGE CONTINUES TO IDENTIFY, RECRUIT AND EDUCATE STUDENTS WHO DEMONSTRATE LEADERSHIP QUALITIES, UNDERSTAND THE NEED FOR CIVIC ENGAGEMENT AND ASPIRE TO SERVE THE COMMUNITY. LOCATED IN ROCKVILLE CENTRE, NY, THE COLLEGE IS A DYNAMIC LEARNING INSTITUTION WITH OUTSTANDING FACULTY, STATE-OF-THE-ART-TECHNOLOGY AND DISTINGUISHED ACADEMIC PROGRAMS. NOTABLY, MOLLOY'S NURSING PROGRAM IS AMONG THE LARGEST NURSING PROGRAMS IN THE NORTHEAST REGION AND IN THE COUNTRY. 123482831 1 1 0 1 0 0 0 1 1 1 1 0 0 1 1 1 1 0 1 0 1 0 0 0 1 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 310 0 1 2187 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 29 28 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X SUSAN D WILLIAMS 5163233000 1000 HEMPSTEAD AVENUE PO BOX 5002 ROCKVILLE CENTRE NY 115715002 JAMES P LENTINI PRESIDENT 35.00 0.00 X X 266245 0 22389 JOHN P MCENTEE CHAIRPERSON 1.00 0.00 X X 0 0 0 PHILLIPA G WOODRIFFE VICE CHAIRPERSON 1.00 0.00 X X 0 0 0 JOHN J BISHAR JR TRUSTEE 1.00 0.00 X 0 0 0 SAMMY CHU TRUSTEE 1.00 0.00 X 0 0 0 ROSE L CIAMPA TRUSTEE 1.00 0.00 X 0 0 0 SALVATORE P CIAMPO TRUSTEE 1.00 0.00 X 0 0 0 DONNA L DELLOMO TRUSTEE 1.00 0.00 X 0 0 0 DIANE ESPOSITO TRUSTEE 1.00 0.00 X 0 0 0 MAUREEN EVERS-WILLOX TRUSTEE 1.00 0.00 X 0 0 0 LAURA FARAHANI TRUSTEE 1.00 0.00 X 0 0 0 RAYMOND E FARRELL TRUSTEE 1.00 0.00 X 0 0 0 NICOLETTE FIORE-LOPEZ TRUSTEE 1.00 0.00 X 0 0 0 JEFFREY H GREENFIELD TRUSTEE 1.00 0.00 X 0 0 0 MATTHEW GROVER TRUSTEE 1.00 0.00 X 0 0 0 DAVID M HAGAN TRUSTEE 1.00 0.00 X 0 0 0 DANIEL F HINES TRUSTEE 1.00 0.00 X 0 0 0 S ZAKI HOSSAIN TRUSTEE 1.00 0.00 X 0 0 0 SHARI JAMES-PIERRE TRUSTEE 1.00 0.00 X 0 0 0 SR ANNE MARIE KIRMSE TRUSTEE 1.00 0.00 X 0 0 0 SR PATRICIA KOEHLER TRUSTEE 1.00 0.00 X 0 0 0 BRENDAN LAVELLE TRUSTEE 1.00 0.00 X 0 0 0 SR MARGARET MCVETTY TRUSTEE 1.00 0.00 X 0 0 0 TIMOTHY MOONEY TRUSTEE 1.00 0.00 X 0 0 0 KENNETH J PRITCHARD TRUSTEE 1.00 0.00 X 0 0 0 ROBERT S SALVATICO TRUSTEE 1.00 0.00 X 0 0 0 SUSAN SANTORO TRUSTEE 1.00 0.00 X 0 0 0 SR KATHLEEN TUITE TRUSTEE 1.00 0.00 X 0 0 0 JOHN WESTERMAN TRUSTEE 1.00 0.00 X 0 0 0 DREW BOGNER PRESIDENT EMERITUS 35.00 0.00 X 794738 0 54141 SUSAN D WILLIAMS VICE PRESIDENT FINANCE AND TREASURER 35.00 0.00 X 279159 0 15334 DIANE K FORNIERI CHIEF OF STAFF AND SECRETARY 35.00 0.00 X 166684 0 39309 EDWARD J THOMPSON VICE PRESIDENT OFFICE OF ADVANCEMENT 35.00 0.00 X 264964 0 59200 ANN BRANCHINI VICE PRESIDENT ACADEMIC AFFAIRS 35.00 0.00 X 292384 0 15707 MICHAEL TORRES VICE PRESIDENT OFFICE OF TECHNOLOGY 35.00 0.00 X 218570 0 42411 LINDA ALBANESE VICE PRESIDENT ENROLLMENT MANAGEMENT 35.00 0.00 X 220989 0 13459 JANINE BISCARI VICE PRESIDENT STUDENT AFFAIRS 35.00 0.00 X 209097 0 11296 MARCIA GARDNER DEAN OF NURSING 35.00 0.00 X 248306 0 13655 BARBARA SCHMIDT ASSISTANT VP ACADEMIC AFFAIRS 35.00 0.00 X 229898 0 29227 JOHN CARPENTE DIRECTOR OF REBECCA CENTER 35.00 0.00 X 207034 0 10706 AUDREY COHAN - SENIOR DEAN OF RESEARCH AND SCHOLARSHIP 35.00 0.00 X 201441 0 11348 VERONICA D FEEG PROFESSOR OF NURSING 35.00 0.00 X 202483 0 40518 3801992 0 378700 165 0 1 0 AUSTIN & WILLIAMS INC 80 ARKAY DRIVE SUITE 220 HAUPPAUGE NY 11788 MEDIA SERVICES 2570245 MITCHELL ARCHITECTURAL GROUP 800 MAIN STREET S STE 120 SOUTHBURY CT 06488 ARCHITECTURAL SERVICES 1352946 SIEMENS INDUSTRY INC 100 TECHNOLOGY DRIVE ALPHARETTA GA 30005 CONSTRUCTION SERVICES 1233169 LESSING'S FOOD SERV MGMT 3500 SUNRISE HWY BLD 100 STE 1 GREAT RIVER NY 11739 FOOD SERVICES 993563 CUTLASS INDUSTRIAL INC 193 HORTON AVENUE LYNBROOK NY 11563 CONSTRUCTION/RENOVATION 938651 19 400132 10509916 2625667 215006 13535715 TUITION AND FEES 611310 139823819 139823819 STUDENT AUX. SERVICES 611710 2253513 2253513 142077332 1122033 947 1121086 2730 2730 33083311 32000158 1083153 1083153 1083153 90000 400132 172054 -82054 -82054 68420 735 67685 67685 INSURANCE PROCEEDS 900099 206616 206616 RECOVERY OF BAD DEBT 900099 111284 111284 STUDENT THEATER PERFOR 611710 12905 12905 229849 229849 560654 158367248 142090237 947 2740349 22552 22552 35191781 35191781 2811089 2532004 238919 40166 57148656 51474932 4857154 816570 197054 177490 16748 2816 13336937 12012845 1133527 190565 4827452 4348182 410293 68977 563181 563181 162189 162189 338802 338802 4233588 1772974 2444835 15779 3473598 223088 3245453 5057 2626397 987117 1613925 25355 2406031 743266 1662710 55 3103651 2060057 1043594 305289 276569 25650 3070 201215 159100 41721 394 4236422 2938381 1294519 3522 8613799 5944935 2668864 1119849 1119849 BLDG. GROUNDS & MAINT. 1890726 638406 1233766 18554 COVID-19 TESTING 1102115 222979 879136 BAD DEBT EXPENSES 953999 3470 950529 MEMBERSHIPS 284726 158761 123415 2550 2290413 1593942 692147 4324 151441511 123482831 26760926 1197754 9223686 8403523 35001174 43418540 4628905 4532190 3168622 2378625 2809858 2435275 1327860 1733765 218497222 87278421 129867228 131218801 38904943 48814846 6096676 5258992 291750 202250 5840175 18856476 237160877 267253283 12972597 13122072 1945366 1955796 4450265 5090323 90891694 88317188 3140711 3691455 186988 178772 4674614 22516425 118262235 134872031 X 108148994 120086663 10749648 12294589 118898642 132381252 237160877 267253283 X 6925737 6857420 -300547 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 37 37 0 FORM 990, SCHEDULE C, PART II-B, LINE 1: MOLLOY COLLEGE IS A DUES PAYING MEMBER OF NACUBO AND EACUBO; A PORTION OF ITS ANNUAL DUES ARE ATTRIBUTABLE TO LOBBYING AND ARE REPORTED IN SCHEDULE C, PART II-B, LINE 1(I). THE COLLEGE'S ALLOCATED PORTION OF MEMBERSHIP DUES ATTRIBUTABLE TO LOBBYING AMOUNTS TO LESS THAN $100. 312989 X 0 0 1 X 43648437 732083 8374430 202507 52552443 40758565 554200 2518733 183061 43648437 38240438 323926 2376828 182627 40758565 36141633 172040 2521566 178929 415872 38240438 32215465 1173145 3334323 184691 396609 36141633 0.84000 0.13000 0.03000 0 0 3273630 3273630 170243355 52324240 117919115 5641257 3607777 2033480 37102138 31346404 5755734 2236842 2236842 131218801 FUNDS HELD WITH TRUSTEE 4252375 RIGHT-OF-USE ASSETS 13680763 CASH SURRENDER VALUE OF DONATED LIFE INSURANCE POLICY 923338 18856476 BOND INTEREST PAYABLE 2062500 RIGHT-OF-USE LEASE LIABILITY 15378520 CONDITIONAL ASSET RETIREMENT OBLIGATION 5075405 22516425 X 132488107 6857420 -32570548 -25713128 158201235 338802 -172789 166013 158367248 119005497 473336 473336 118532161 338802 32570548 32909350 151441511 PART III, LINE 4: THE COLLEGE MAINTAINS AN ARTWORK COLLECTION IN VARIOUS BUILDINGS FOR THE ENJOYMENT OF STUDENTS, EMPLOYEES, AND VISITORS TO ITS CAMPUS. PART IV, LINE 2B: MOLLOY COLLEGE HAD $3,691,455 IN STUDENT CREDIT BALANCES AT JUNE 30, 2021. THESE BALANCES REPRESENT POTENTIAL TUITION MONEY OWED TO STUDENTS DUE TO OVER-PAYMENT, FINANCIAL AID APPLIED TO THE STUDENT'S ACCOUNT OR PAYMENTS MADE FOR THE NEXT SEMESTER. PART V, LINE 4: THE COLLEGE'S ENDOWMENT FUND IS INTENDED TO SUPPORT THE COLLEGE'S EDUCATIONAL MISSION. THE ENDOWMENT EARNINGS ARE USED TO FUND THE COLLEGE'S DAILY OPERATIONS, INCLUDING SCHOLARSHIPS, STUDENT PROGRAMS, AND OTHER CAMPUS ACTIVITIES. THE BOARD OF TRUSTEES, THROUGH ITS APPROVED INVESTMENT POLICY GUIDELINES, HAS INTERPRETED THE NEW YORK PRUDENT MANAGEMENT OF INSTITUTIONAL FUNDS (NYPMIFA) TO ALLOW THE COLLEGE TO SPEND BELOW THE HISTORICAL DOLLAR VALUE OF ITS ENDOWMENT UNLESS SPECIFIC DONORS HAVE STIPULATED TO THE CONTRARY. PART X, LINE 2: THE COLLEGE 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 COLLEGE IS EXEMPT FROM FEDERAL INCOME TAX UNDER 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 THE CODE. THE COLLEGE 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 HAS NEXUS; AND TO IDENTIFY AND EVALUATE OTHER MATTERS THAT MAY BE CONSIDERED TAX POSITIONS. THE COLLEGE HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS AT JUNE 30, 2021 AND 2020. PART XI, LINE 2D - OTHER ADJUSTMENTS: INSTITUTIONAL AID AND SCHOLARSHIPS -32,570,548. PART XI, LINE 4B - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES -172,054. GAMING EXPENSES -735. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES 172,054. WRITE-OFF OF CAMPAIGN PLEDGES RECEIVABLE 300,547. GAMING EXPENSES 735. PART XII, LINE 4B - OTHER ADJUSTMENTS: INSTITUTIONAL AID AND SCHOLARSHIPS 32,570,548. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 NONDISCRIMINATION POLICIES ARE PUBLISHED IN CATALOGS AND PUBLICATIONS, AS WELL AS, ON THE COLLEGE WEBSITE. LINE 6 - EXPLANATION OF GOVERNMENT FINANCIAL AID: AS A RESULT OF THE COVID-19 PANDEMIC AND GOVERNOR CUOMO'S EXECUTIVE ORDER, MOLLOY COLLEGE CLOSED ITS COLLEGE BUILDINGS IN MARCH 2020. THE SPRING AND FALL SEMESTERS WERE TRANSITIONED TO VIRTUAL LEARNING AND RE-OPENED FOR THE 2021 FALL SEMESTER. DURING FISCAL YEARS ENDED JUNE 30, 2021 AND 2020, THE FEDERAL GOVERNMENT PROVIDED HIGHER EDUCATION INSTITUTIONS WITH HIGHER EDUCATION EMERGENCY RELIEF FUNDING ("HEERF"), WHICH WAS ALLOCATED UNDER VARIOUS ACTS OF CONGRESS. THE CORONAVIRUS AID, RELIEF, AND ECONOMIC SECURITIES ACT ("CARES") WAS SIGNED INTO LAW ON MARCH 27, 2020 AND PROVIDED THE COLLEGE WITH TOTAL FUNDING OF $2,813,441 UNDER HEERF I. THE CORONAVIRUS RESPONSE AND RELIEF SUPPLEMENTAL APPROPRIATIONS ACT ("CRRSAA") WAS SIGNED INTO LAW ON DECEMBER 27, 2020 AND PROVIDED THE COLLEGE WITH TOTAL FUNDING OF $5,271,682 UNDER HEERF II. THE AMERICAN RESCUE PLAN ("ARP") WAS SIGNED INTO LAW ON MARCH 11, 2021 AND PROVIDED THE COLLEGE WITH TOTAL FUNDING OF $9,370,688 UNDER HEERF III. EACH OF THESE AWARDS HAS A STUDENT AID PORTION AND TWO INSTITUTIONAL PORTIONS. CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 3247003 0 0 0 0 0 0 3247003 0 3247003 1 0 1 0 1 0 PART III ACCOUNTING METHOD: TRUSTEES' DINNER DANCE 313782 313782 75779 18974 ENERGEIA GOLF OUTING 175850 85850 90000 5480 49300 5051 1 500 500 17470 490132 400132 90000 5480 49300 75779 41495 172054 -82054 68420 735 0 68420 735 735 67685 NY 1 0 1 0 0.99000 0.01000 SUSAN D WILLIAMS 1000 HEMPSTEAD AVENUE ROCKVILLE CENTRE NY 11571 0 EDWARD THOMPSON 0 SEE SCHEDULE G, PART IV X 0 0 SCHEDULE G, PART II, COLUMN (A): DUE TO THE COVID-19 PANDEMIC, THE COLLEGE'S ANNUAL GALATHON WAS REQUIRED TO BE HELD VIRTUALLY. ATTENDEES DID NOT RECEIVE ANY TANGIBLE BENEFITS AND ALL REVENUE RECORDED FOR THE GALATHON REPRESENTS CONTRIBUTION REVENUE. EXPENSES ASSOCIATED WITH THE EVENT REPRESENT ENTERTAINMENT COSTS FOR THE VIRTUAL GALA. SCHEDULE G, PART II, COLUMN (C): MOLLOY COLLEGE INTENDED TO HOLD A SECOND GOLF OUTING IN FISCAL 2021, BUT THE OUTING WAS CANCELLED DUE TO THE COVID-19 PANDEMIC. THE GOLF EVENT HAS BEEN RE-SCHEDULED TO CALENDAR YEAR 2022. AMOUNTS REPORTED IN SCHEDULE G, PART II, COLUMN (C) REPRESENT EITHER NON-REFUNDABLE COSTS INCURRED FOR THE EVENT OR PREPAID EXPENSES FOR THE 2022 GOLF OUTING. SCHEDULE G, PART III, COLUMN (C): THE COLLEGE DID NOT CONDUCT ANY FORMAL GAMING ACTIVITIES IN FISCAL YEAR 2021; ALL GAMING REVENUES REPORTED IN FORM 990 PART VIII, AND SCHEDULE G REPRESENT SMALL RAFFLES CONDUCTED BY STUDENT CLUBS ON CAMPUS. SCHEDULE G, PART III, LINE 16, DESCRIPTION OF SERVICES PROVIDED: THE COLLEGE DOES NOT EMPLOYEE A GAMING MANAGER. THE INDIVIDUAL LISTED IS THE VICE PRESIDENT FOR ADVANCEMENT AND IS RESPONSIBLE FOR THE FUNDRAISING COMPONENT OF REVENUES, ALONG WITH THE DIRECTOR OF ATHLETICS, WHO RAISES FUNDS FOR THE ATHLETIC DEPARTMENT. 1 INSTITUTIONAL AID AND SCHOLARSHIPS 4641 35016376 STIPENDS 10 168868 FACULTY RESEARCH GRANTS 5 6537 PART I, LINE 2: THE COLLEGE FOLLOWS FEDERAL, STATE AND INSTITUTIONAL POLICIES AND REGULATIONS TO MONITOR GRANTS AND FUNDS: 1) THE STUDENT APPLIES FOR THE GRANTS; 2) GRANTS ARE AWARDED FROM THE VARIOUS FUNDING SOURCES DEPENDING ON NEED AND/OR ACADEMIC STANDING; 3) THE STUDENT'S ELIGIBILITY IS VERIFIED THROUGH FEDERAL, STATE AND INSTITUTIONAL REQUIREMENTS, MATRICULATION, REGISTRATION, ATTENDANCE AND ACADEMIC PROGRESS; 4) GRANTS AND AWARDS ARE PROCESSED ONTO THE STUDENT'S ACCOUNT; 5) WHERE LOANS ARE INVOLVED, THE COLLEGE FOLLOWS UP WITH THE REGULATORY REQUIREMENTS AFTER GRADUATION. THE FREE APPLICATION FOR FEDERAL STUDENT AID (FAFSA) IS AN INTEGRAL PART OF THIS PROCESS. THE COLLEGE ALSO PARTICIPATED IN THE HIGHER EDUCATION EMERGENCY RELIEF FUNDING PROGRAM INSTITUTED TO ASSIST COLLEGES WITH PROVIDING EMERGENCY STUDENT RELIEF. STUDENT AID PAID AS PART OF THE HEERF PROGRAM IS REPORTED IN THE INSTITUTIONAL AID AND SCHOLARSHIPS AMOUNT REPORTED IN SCHEDULE I, PART III. X X 1 1 X X X X X 0 1 0 0 0 0 0 1 0 DREW BOGNER PRESIDENT EMERITUS 431596 0 100000 0 263142 0 25623 0 28518 0 848879 0 216913 0 EDWARD J THOMPSON VICE PRESIDENT OFFICE OF ADVANCEMENT 260839 0 0 0 4125 0 16375 0 42825 0 324164 0 0 0 ANN BRANCHINI VICE PRESIDENT ACADEMIC AFFAIRS 261230 0 0 0 31154 0 14536 0 1171 0 308091 0 0 0 SUSAN D WILLIAMS VICE PRESIDENT FINANCE AND TREASURER 279159 0 0 0 0 0 15334 0 0 0 294493 0 0 0 JAMES P LENTINI PRESIDENT 202624 0 0 0 63621 0 4718 0 17671 0 288634 0 0 0 MARCIA GARDNER DEAN OF NURSING 248306 0 0 0 0 0 13655 0 0 0 261961 0 0 0 MICHAEL TORRES VICE PRESIDENT OFFICE OF TECHNOLOGY 218197 0 0 0 373 0 0 0 42411 0 260981 0 0 0 BARBARA SCHMIDT ASSISTANT VP ACADEMIC AFFAIRS 229898 0 0 0 0 0 14602 0 14625 0 259125 0 0 0 VERONICA D FEEG PROFESSOR OF NURSING 202483 0 0 0 0 0 12000 0 28518 0 243001 0 0 0 LINDA ALBANESE VICE PRESIDENT ENROLLMENT MANAGEMENT 218890 0 0 0 2099 0 13459 0 0 0 234448 0 0 0 JANINE BISCARI VICE PRESIDENT STUDENT AFFAIRS 205222 0 0 0 3875 0 11296 0 0 0 220393 0 0 0 JOHN CARPENTE DIRECTOR OF REBECCA CENTER 207034 0 0 0 0 0 10706 0 0 0 217740 0 0 0 AUDREY COHAN - SENIOR DEAN OF RESEARCH AND SCHOLARSHIP 201441 0 0 0 0 0 11348 0 0 0 212789 0 0 0 DIANE K FORNIERI CHIEF OF STAFF AND SECRETARY 166684 0 0 0 0 0 10791 0 28518 0 205993 0 0 0 PART I, LINE 1A BOTH THE COLLEGE'S CURRENT PRESIDENT, JAMES LENTINI, AND PRESIDENT EMERITUS DREW BOGNER, ARE PROVIDED CERTAIN PERQUISITES BY VIRTUE OF THEIR POSITION AT THE COLLEGE. BY CONTRACT, THE PRESIDENT POSITION IS ENTITLED TO A HOUSING ALLOWANCE, A CAR ALLOWANCE AND REIMBURSEMENT FOR SOCIAL CLUB DUES. THE CURRENT PRESIDENT, JAMES LENTINI, IS PROVIDED USE OF A RESIDENCE THAT IS BEING TREATED AS A TAXABLE FRINGE BENEFIT (REPORTABLE IN FORM 990, SCHEDULE J, PART II, COLUMN (B)(III)). IN ADDITION, THE VICE PRESIDENT FOR ACADEMIC AFFAIRS IS ENTITLED TO A HOUSING ALLOWANCE, WHILE THE VICE PRESIDENT FOR ADVANCEMENT IS ENTITLED TO BOTH A CAR ALLOWANCE AND REIMBURSEMENT FOR SOCIAL CLUB DUES. THE HOUSING ALLOWANCE AND THE PERSONAL USE OF THE CARS ARE A TAXABLE FRINGE BENEFIT AND ARE INCLUDED IN "OTHER REPORTABLE COMPENSATION" ON SCHEDULE J, PART II, COLUMN (B)(III). THE PRESIDENT AND VICE PRESIDENT USE THE SOCIAL CLUB SOLELY IN A BUSINESS CAPACITY AND THEREFORE, THIS IS A NON-TAXABLE FRINGE BENEFIT. THE PRESIDENT'S COMPENSATION IS APPROVED BY THE BOARD OF TRUSTEES AND MEMORIALIZED IN COMMITTEE MINUTE MEETINGS. PART I, LINE 4B THE PRESIDENT EMERITUS PARTICIPATES IN THE COLLEGE'S SECTION 457(F) PLAN. IN CALENDAR YEAR 2020, PRESIDENT EMERITUS BOGNER RECEIVED A PAYOUT OF $216,913 FROM HIS 457(F) PLAN; THAT AMOUNT IS REPORTED IN SCHEDULE J, PART II, COLUMN (B)(III) AND IN COLUMN (F) TO REFLECT AMOUNTS THAT WERE PREVIOUSLY REPORTED AS DEFERRED COMPENSATION ON EARLIER 990S. PART I, LINE 7 PRESIDENT EMERITUS, DREW BOGNER, RECEIVED A $100,000 BONUS IN CALENDAR YEAR 2020, AUTHORIZED AT THE DISCRETION OF THE BOARD FOR MEETING CERTAIN OBJECTIVE PERFORMANCE-BASED CRITERIA. A TOWN OF HEMPSTEAD LOCAL DEVELOPMENT CORPORATION 112798949 424682GE6 2014-11-14 32574808 TO FINANCE THE COST OF A NEW ACADEMIC BUILDING. 0 0 0 B TOWN OF HEMPSTEAD LOCAL DEVELOPMENT CORPORATION 112798949 424682HD7 2017-07-01 49942142 TO REFINANCE THE SERIES 2009 BONDS. 0 0 0 C TOWN OF HEMPSTEAD LOCAL DEVELOPMENT CORPORATION 112798949 424682JU7 2018-10-18 16104560 TO FINANCE THE COST OF A NEW DORMITORY BUILDING 0 0 0 A 1730000 32574808 1341777 1480180 481260 30378282 2016 0 1 1 1 B 3620000 49942142 2285797 697145 48923275 2017 0 1 1 1 C 400000 16104560 615293 527083 395615 15162277 2019 0 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 B 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 C 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 0 1 0 0 0 0 1 B 0 1 0 0 0 0 0 0 1 C 0 1 0 0 0 0 0 0 1 A 1 B 1 C 1 SCHEDULE K, PART IV, LINE 2C, COLUMN A: THE COLLEGE COMMISSIONED AN INDEPENDENT THIRD PARTY BOND ARBITRAGE SPECIALIST TO DETERMINED WHETHER ANY ARBITRAGE EXISTED ON ITS 2014 BOND ISSUANCE. THE ARBITRAGE REPORT WAS ISSUED ON NOVEMBER 14TH, 2019 AND THE CONSULTANT CONCLUDED THAT NO REBATE WAS DUE. X 1 215006 FMV ON DATE OF DONATION 0 0 0 1 PART I, LINE 32B: AS PART OF ITS FUNDRAISING EFFORTS, THE COLLEGE SOLICITS DONATIONS FROM MANY SOURCES. IN THOSE INSTANCES WHERE ASSERTING THAT THE SECURITIES CAN BE LIQUIDATED. THE INVESTMENT MANAGER THEN LIQUIDATES THE SECURITIES AND THE CASH IS TRANSFERRED TO THE INVESTMENT MANAGER AND RECEIVED INTO AN ACCOUNT SET UP TO RECEIVE SUCH DONATIONS. THE COLLEGE REQUESTS FROM THE DONOR, A STATEMENT NON-CASH ASSETS ARE ACQUIRED, GENERALLY IN THE FORM OF DONATED PUBLICLY TRADED SECURITIES, THE SECURITIES ARE TRANSFERRED TO OUR OUTSIDE APPROPRIATE CASH ACCOUNT FOR ITS INTENDED USE. FORM 990, PART VI, SECTION B, LINE 11B THE COLLEGE'S FORM 990 IS PREPARED BY AN INDEPENDENT THIRD PARTY ACCOUNTING FIRM IN CONJUNCTION WITH THE COLLEGE'S FINANCIAL DEPARTMENT. THE 990 IS REVIEWED IN DETAIL BY MANAGEMENT AND THEN SHARED WITH THE COLLEGE'S AUDIT AND COMPLIANCE COMMITTEE OF THE BOARD OF TRUSTEES. UPON APPROVAL BY THE AUDIT COMMITTEE, A COPY OF THE COMPLETE FORM 990 IS SHARED WITH THE FULL BOARD OF DIRECTOR PRIOR TO ITS FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C A CONFLICT OF INTEREST STATEMENT IS REQUIRED TO BE COMPLETED ANNUALLY FOR ALL BOARD OF TRUSTEE MEMBERS, OFFICERS AND KEY EMPLOYEES. ANY TRANSACTIONS OR BUSINESS RELATIONSHIPS BETWEEN THE COLLEGE AND A TRUSTEE OR FAMILY MEMBER IS SUBJECT TO REVIEW AND APPROVAL OF DISINTERESTED MEMBERS OF THE BOARD TO ENSURE THAT SUCH TRANSACTIONS OR RELATIONSHIPS ARE IN THE BEST INTEREST OF THE COLLEGE AND COMPLIES WITH COLLEGE POLICY AND ALL APPLICABLE LEGAL AND ETHICAL GUIDELINES. THE EXECUTIVE COMMITTEE OF THE BOARD SHALL REPORT TO THE FULL BOARD PERIODICALLY, BUT AT LEAST ANNUALLY, ANY SIGNIFICANT TRANSACTIONS AND RELATIONSHIPS. FORM 990, PART VI, SECTION B, LINE 15A COMPENSATION OF THE PRESIDENT OF THE COLLEGE AND ITS KEY EMPLOYEES ARE APPROVED BY THE BOARD OF TRUSTEES. THE COMPENSATION OF THE PRESIDENT IS BASED ON SEVERAL FACTORS, INCLUDING DATA COLLECTED FROM AND COMPARED TO VARIOUS COLLEGES AND UNIVERSITIES IN OUR PEER GROUP. FORM 990, PART VI, SECTION C, LINE 19 THE COLLEGE DOES NOT POST ITS FINANCIAL STATEMENTS ON ITS WEBSITE. COPIES ARE MADE AVAILABLE UPON REQUEST. THE FORM 990 IS POSTED ON GUIDESTAR AND IS MADE AVAILABLE IN THE COLLEGE'S FINANCE OFFICE. BYLAWS AND OTHER GOVERNING DOCUMENTS ARE MAINTAINED ON PREMISES AND AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: WRITE-OFF OF CAMPAIGN PLEDGES RECEIVABLE -300,547.