2022-05-16T12:26:23-05:00 2021-06-30 873707167 CBIZ MARKS PANETH LLC 685 THIRD AVENUE NEW YORK NY 10017 990 2020-07-01 131967321 MERCY COLLEGE MERC 9144552650 555 BROADWAY DOBBS FERRY NY 10522 BRETT M CARROLL VP FOR FINANCE & CFO AND TREASURER 9144552650 2022-05-15 1 BRETT CARROLL 999009999 MAGDALENA M CZERNIAWSKI P00535099 2125038800 2022-05-16 3 AAL1 IAL1 2020 2022-09-23 18:48:47Z BRETT M CARROLL 555 BROADWAY DOBBS FERRY NY 10522 320431225 0 X WWW.MERCY.EDU X 1950 NY EDUCATE STUDENTS IN LIBERAL ARTS, SCIENCES, BUSINESS, EDUCATION AND PROFESSIONAL PROGRAMS. 23 22 2458 22 34122 33122 15232808 16143984 185820429 177116691 10675492 10831583 721185 1119219 212449914 205211477 40694619 39093999 0 0 89836840 84871656 0 0 1907469 69601773 65369023 200133232 189334678 12316682 15876799 411742949 646039806 79046422 234837579 332696527 411202227 X MERCY COLLEGE IS COMMITTED TO PROVIDING MOTIVATED STUDENTS THE OPPORTUNITY TO TRANSFORM THEIR LIVES THROUGH HIGHER EDUCATION BY OFFERING LIBERAL ARTS AND PROFESSIONAL PROGRAMS IN PERSONALIZED AND HIGH QUALITY LEARNING ENVIRONMENTS, THUS PREPARING (SEE SCHEDULE O) STUDENTS TO EMBARK ON REWARDING CAREERS, TO CONTINUE LEARNING THROUGHOUT THEIR LIVES AND TO ACT ETHICALLY AND RESPONSIBLY IN A CHANGING WORLD. 0 0 153976232 39093999 177863994 MERCY COLLEGE IS A COMPREHENSIVE COLLEGE OFFERING BOTH UNDERGRADUATE AND GRADUATE DEGREE PROGRAMS TO OVER 9,500 STUDENTS. THE COLLEGE HAS THREE CAMPUS LOCATIONS IN NEW YORK CITY AND WESTCHESTER COUNTIES AND ALSO OFFERS ONLINE COURSES THROUGH THE INTERNET. STUDENTS ARE PRIMARILY FROM THE NEW YORK METROPOLITAN AREA. 153976232 1 1 0 0 0 0 0 1 0 1 1 1 0 1 1 1 1 0 1 0 1 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 1 324 0 1 2458 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 23 22 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X NARDA A ROMERO CONTROLLER AND ASSISTANT TREASURER 9146747841 555 BROADWAY DOBBS FERRY NY 10522 ALEX FERRARI TRUSTEE 1.00 X 0 0 0 BRUCE J HABER VICE CHAIRMAN 1.00 X X 0 0 0 CARLOS S PASSI TRUSTEE 1.00 X 0 0 0 CHRIS SOBECKI TRUSTEE 1.00 X 0 0 0 DAVID L JOHNSON TRUSTEE 1.00 X 0 0 0 EDWARD B DUNN VICE CHAIRMAN 1.00 X X 0 0 0 GARY BERNSTEIN TRUSTEE 1.00 X 0 0 0 GREGORY H WILLIAMS TRUSTEE 1.00 X 0 0 0 JAMES B JENKINS TRUSTEE 1.00 X 0 0 0 JAMES M MCCORMICK VICE CHAIRMAN 1.00 X X 0 0 0 JOHN R THOMPSON TRUSTEE 1.00 X 0 0 0 JOSEPH GANTZ CHAIRMAN 1.00 X X 0 0 0 JOSEPH P CARLUCCI ESQ VICE CHAIRMAN 1.00 X X 0 0 0 MELISSA ENCARNACAO BATTISTA TRUSTEE 1.00 X 0 0 0 MICHAEL F HAYES TRUSTEE 1.00 X 0 0 0 MICHELE A QUIROLO TRUSTEE 1.00 X 0 0 0 PATRICIA BLACKMAR TRUSTEE 1.00 X 0 0 0 RICHARD AKS TRUSTEE & INTERIM CHIEF FINANCIAL OFFICER 1.00 X X 28352 0 0 ROBERT H NIEHAUS TRUSTEE 1.00 X 0 0 0 SARAH A O'CONNOR TRUSTEE 1.00 X 0 0 0 SUSAN MAKLARI TRUSTEE 1.00 X 0 0 0 TIMOTHY L HALL PRESIDENT 40.00 X X 658399 0 202027 VALERIE MASON CUNNINGHAM TRUSTEE 1.00 X 0 0 0 BRETT CARROLL CFO & TREASURER 40.00 X 249673 0 16170 IRENE BUCKLEY CHIEF OF STAFF (OUTGOING) 40.00 X 31419 0 0 JESSICA HABER CHIEF OF STAFF & SECRETARY 40.00 X 214285 0 35571 NARDA ROMERO CONTROLLER & ASST. TREASUR 40.00 X 193829 0 15601 ADAM CASTRO VP ENROLLMENT MANAGEMENT 40.00 X 250265 0 17021 JOSE HERRERA PROVOST 40.00 X 327709 0 40727 THOMAS SIMMONDS VP, OPERATIONS & FACILITIES 40.00 X 270462 0 61503 BERNADETTE WADE CHIEF ADVANCEMENT OFFICER 40.00 X 215084 0 28447 KEVIN JOYCE VP STUDENT AFFAIRS 40.00 X 234937 0 45866 LLOYD GIBSON DEAN, SCHOOL OF BUSINESS 40.00 X 227381 0 44570 MARGARET M MCGRAIL VP STUDENT SERVICES 40.00 X 238164 0 53278 WILLIAM LATIMER VP BRONX 40.00 X 283007 0 30530 3422966 0 591311 119 0 1 0 ELLUCIAN COMPANY LP 62590 COLLECTIONS CENTER DRIVE CHICAGO IL 60693 INFORMATION TECHNOLOGY 4495468 LESSINGS 3500 SUNRISE HWY SUITE 100 GREAT RIVER NY 11739 HOSPITALITY 2184546 BOND SCHOENECK & KING PLLC ONE LINCOLN CENTER SYRACUSE NY 13202 ATTORNEY 252375 MARKS PANETH LLP 685 THIRD AVENUE NEW YORK NY 10017 ACCOUNTING SERVICES 236000 NK ARCHITECTS 95 WASHINGTON ST MORRISTOWN NJ 07960 ARCHITECT 227447 81 17140 13875469 2251375 255437 16143984 GROSS TUITION & FEES 900099 171567025 171567025 AUXILIARY INCOME 900099 5549666 5549666 177116691 1698033 1698033 328193 0 328193 328193 328193 124333004 115199454 9133550 9133550 9133550 26910 17140 20294 6616 6616 OTHER 900099 690777 656655 34122 INSURANCE PROCEEDS 900099 53439 53439 PRIOR YEAR RECOVERIES 900099 40194 40194 784410 205211477 177866979 34122 11166392 39093999 39093999 2711025 2711025 63015279 56056861 5988878 969540 3500920 2939836 500738 60346 10529477 8516379 1838283 174815 5114955 4100931 929844 84180 9802532 4286824 5425458 90250 412730 412730 231000 231000 811608 811608 2159090 1225724 907561 25805 3150688 3035996 114692 3311118 2080666 1168060 62392 2114593 1328785 745963 39845 17192965 15621622 1472934 98409 347258 122604 224600 54 17746 6265 11478 3 2060888 1870466 178716 11706 10576444 9633559 882596 60289 970669 970669 SUPPLIES AND SERVICES 5103358 3206888 1800307 96163 MAINTENANCE 2512880 2270049 227921 14910 BAD DEBT 2336000 2336000 STUDENT FOOD SERVICES 1453696 1453696 803760 161078 638612 4070 189334678 153976232 33450977 1907469 7860966 32859275 26389982 12170450 2584827 3139358 9548001 12101449 437980 422494 3356573 2840734 202222837 87268643 119733767 114954194 156795136 224225440 83946438 86496130 1089279 156830282 411742949 646039806 10795900 10107315 7770475 7822965 49955608 49385118 10524439 167522181 79046422 234837579 X 321673761 396807781 11022766 14394446 332696527 411202227 411742949 646039806 X 15876799 62150733 478168 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 175341 X 0 249360142 703397 72820500 336395 802181 321745463 255751263 129352 1436677 6984837 972313 249360142 245533842 717818 10526436 99292 927541 255751263 224444449 5322717 16853363 88819 997868 245533842 192479137 5247138 27433879 96691 619014 224444449 0.97020 0.01784 0.01196 0 0 13216697 13216697 126580078 44491184 82088894 22530752 14651598 7879154 34617722 28125861 6491861 5277588 5277588 114954194 LP INTERESTS 86496130 F 86496130 DEPOSITS HELD BY BOND TRUSTEES 945259 VENDOR DEPOSITS 47585 OPERATING LEASE RIGHT-OF-USE ASSETS 155837438 156830282 ADVANCES FROM FEDERAL GOVERNMENT FOR STUDENT LOANS 1167263 CONDITIONAL ASSET RETIREMENT OBLIGATION 2613992 LEASE RIGHT TO USE ASSETS 163740926 167522181 X 227955065 62150733 -38615831 23534902 204420163 811608 -20294 791314 205211477 149449365 20294 20294 149429071 811608 39093999 39905607 189334678 PART V, LINE 4: PERMANENTLY RESTRICTED NET ASSETS ARE RESTRICTED TO INVESTMENT IN PERPETUITY WITH INVESTMENT RETURN PRINCIPALLY AVAILABLE FOR SCHOLARSHIPS. PART X, LINE 2: THE COLLEGE BELIEVES IT HAS NO UNCERTAIN TAX POSITIONS AS OF JUNE 30, 2021 AND 2020 IN ACCORDANCE WITH ACCOUNTING STANDARDS CODIFICATION ("ASC") TOPIC 740, "INCOME TAXES," WHICH PROVIDES STANDARDS FOR ESTABLISHING AND CLASSIFYING ANY TAX PROVISIONS FOR UNCERTAIN TAX POSITIONS. PART XI, LINE 2D - OTHER ADJUSTMENTS: SCHOLARSHIPS -39,093,999. GAIN (LOSS) ON INTEREST RATE SWAPS 478,168. PART XI, LINE 4B - OTHER ADJUSTMENTS: DIRECT FUNDRASING EXPENSES -20,294. PART XII, LINE 2D - OTHER ADJUSTMENTS: DIRECT FUNDRASING EXPENSES 20,294. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS 39,093,999. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 MERCY COLLEGE HAS PUBLICIZED ITS RACIALLY NONDISCRIMINATORY POLICY THROUGH NEWSPAPER AND/OR BROADCAST MEDIA DURING THE PERIOD OF SOLICITATION IN A WAY THAT MADE THE POLICY KNOWN TO ALL PARTS OF THE GENERAL COMMUNITY IT SERVES. THE COLLEGE IS RECOGNIZED AS A MINORITY SERVING INSTITUTION. SCHEDULE E, PART I, LINE 6 MERCY COLLEGE RECEIVES FUNDS FROM OR PERFORMS ADMINISTRATIVE DUTIES FOR 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, COLLEGE WORK STUDY (CWS) PROGRAM AND VARIOUS LOAN PROGRAMS. CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 INVESTMENTS INVESTMENTS 54014217 EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 0 0 INVESTMENTS INVESTMENTS 1954275 0 0 0 0 0 0 55968492 0 55968492 1 0 0 1 1 0 PART III ACCOUNTING METHOD: GOLF TOURNAMENT 44050 17140 26910 19019 1275 44050 17140 26910 19019 1275 20294 6616 1 SCHOLARSHIPS 7770 36400407 FMV INSTITUTIONAL AID DISCOUNTS AND EXPENDITURES 789 2693592 FMV INSTITUTIONAL DISCOUNTS PART I, LINE 2: THE SCHOLARSHIP GRANTS IN SCHEDULE I ARE MONITORED IN ACCORDANCE WITH THE STUDENT FINANCIAL AID RULES AND THE AMOUNT OF AID THAT INDIVIDUALS ARE SUPPOSED TO RECEIVE. THE DISCOUNTS AND EXPENDITURES ARE MONITORED BY AGREEMENTS WITH CERTAIN GROUPS AND IF THE STUDENT IS PART OF THAT COHORT, THEY RECEIVE A DISCOUNTED RATE ON TUITION, WHICH IN EFFECT TRANSLATES TO AID. SCHEDULE I, PART III SCHOLARSHIPS AND DISCOUNTS ARE BASED ON ACADEMIC PERFORMANCE AND FINANCIAL NEED, AND ARE GIVEN TO CURRENT SCHOLARS. THEY ARE ADMINISTERED BY THE OFFICES OF ADMISSIONS AND STUDENT SERVICES. X 1 1 X X 0 0 0 0 0 0 0 1 0 TIMOTHY L HALL PRESIDENT 520230 0 100000 0 38169 0 26000 0 176027 0 860426 0 0 0 JOSE HERRERA PROVOST 297295 0 30000 0 414 0 22765 0 17962 0 368436 0 0 0 THOMAS SIMMONDS VP, OPERATIONS & FACILITIES 247523 0 20000 0 2939 0 19816 0 41687 0 331965 0 0 0 WILLIAM LATIMER VP BRONX 282233 0 0 0 774 0 18865 0 11665 0 313537 0 0 0 MARGARET M MCGRAIL VP STUDENT SERVICES 230250 0 7500 0 414 0 18041 0 35237 0 291442 0 0 0 KEVIN JOYCE VP STUDENT AFFAIRS 213749 0 20000 0 1188 0 16792 0 29074 0 280803 0 0 0 LLOYD GIBSON DEAN, SCHOOL OF BUSINESS 225095 0 0 0 2286 0 17631 0 26939 0 271951 0 0 0 ADAM CASTRO VP ENROLLMENT MANAGEMENT 226025 0 20000 0 4240 0 17021 0 0 0 267286 0 0 0 BRETT CARROLL CFO & TREASURER 249448 0 0 0 225 0 16170 0 0 0 265843 0 0 0 JESSICA HABER CHIEF OF STAFF & SECRETARY 196105 0 18000 0 180 0 15576 0 19995 0 249856 0 0 0 BERNADETTE WADE CHIEF ADVANCEMENT OFFICER 208896 0 5000 0 1188 0 16043 0 12404 0 243531 0 0 0 NARDA ROMERO CONTROLLER & ASST. TREASUR 193415 0 0 0 414 0 14641 0 960 0 209430 0 0 0 PART I, LINE 1A TIMOTHY L. HALL RECEIVED HOUSING IN THE AMOUNT OF $146,688 WHICH IS INCLUDED IN SCHEDULE J, PART II, COLUMN (D). PART I, LINE 7 BONUSES ARE APPROVED BY THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES. PART II, COLUMN B(III): THE AMOUNT ON THIS COLUMN FOR TIMOTHY HALL INCLUDES CONTRIBUTION TO 457(B) RETIREMENT PLAN. IN ADDITION, FOR TIMOTHY HALL, THOMAS SIMMONDS, AND ADAM CASTRO, THIS AMOUNTS ALSO INCLUDES TAXABLE AMOUNT OF CAR ALLOWANCE. A DOBBS FERRY LOCAL DEVELOPMENT CORPORATION 800668125 256048AA7 2014-07-31 8255000 INFRASTRUCTURE IMPROVEMENTS 0 0 0 B DOBBS FERRY LOCAL DEVELOPMENT CORPORATION 800668125 256048AB5 2014-07-31 12565000 INFRASTRUCTURE IMPROVEMENTS 0 0 0 C DOBBS FERRY LOCAL DEVELOPMENT CORPORATION 800668125 256048AC3 2014-07-31 16035000 INFRASTRUCTURE IMPROVEMENTS 0 0 0 A 8255000 135214 8119786 2015 0 0 0 1 B 12565000 205810 12359190 2015 0 0 0 1 C 16035000 262647 15772353 2015 0 0 0 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 1 1 0 0 0 1 B 0 0 0 1 1 0 0 0 1 C 0 0 0 1 1 0 0 0 1 A 1 B 1 C 1 X 4 255437 FAIR MARKET VALUE 0 1 1 PART I, COLUMN (B): THE NUMBER IN COLUMN (B) REPRESENTS THE NUMBER OF CONTRIBUTORS PART I, LINE 32B: MERCY COLLEGE USES CHARITY BUZZ AND GRAND STAND SPORTS, ONLINE AUCTION SERVICE, TO AUCTION DONATED GOODS. FORM 990, PART VI, SECTION B, LINE 11B AN INDEPENDENT ACCOUNTANT PREPARES THE FORM 990 AND SENIOR MANAGEMENT REVIEWS THE FORM 990. IT IS THEN PROVIDED TO THE BOARD OF TRUSTEES PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY, BOARD OF TRUSTEES, OFFICERS, AND TOP MANAGEMENT OFFICIALS ARE REQUIRED TO SIGN THE CONFLICT OF INTEREST POLICY AND DISCLOSE INTERESTS THAT COULD GIVE RISE TO CONFLICT. FORM 990, PART VI, SECTION B, LINE 15 WHEN DETERMINING THE COMPENSATION OF THE ORGANIZATION'S PRESIDENT, THE ORGANIZATION TYPICALLY CONSULTS PUBLIC INFORMATION DERIVED FROM THE ANNUAL REPORT ISSUED BY THE CHRONICLE OF HIGHER EDUCATION AND THEN SENDS TO THE BOARD OF TRUSTEES FOR APPROVAL. RECOMMENDATIONS ARE MADE TO THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES TO REVIEW AND APPROVE THE SALARIES OF THE PRESIDENT'S DIRECT REPORTS, INCLUDING OFFICERS AND KEY EMPLOYEES OF THE COLLEGE. FORM 990, PART VI, SECTION C, LINE 19 MERCY COLLEGE MAKES ITS GOVERNING DOCUMENTS (BY-LAWS), CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: GAIN (LOSS) ON INTEREST RATE SWAPS 478,168. FORM 990, PART XII, LINE 2C: THE PROCESS OF OVERSEEING THE AUDIT AND SELECTION OF INDEPENDENT ACCOUNTANT DID NOT CHANGE FROM THE PRIOR YEAR.