2022-05-03T15:53:01-05:00 2021-06-30 366055558 GRANT THORNTON LLP 757 THIRD AVENUE 3RD FLOOR NEW YORK NY 100172013 990 2020-07-01 150532204 ITHACA COLLEGE ITHA 6072743118 953 DANBY ROAD ITHACA NY 14850 TIMOTHY DOWNS CFO & VP FINANCE & ADMIN 6072743118 2022-02-16 1 TIMOTHY DOWNS XXX-XX-XXXX SCOTT THOMPSETT P00741490 2125990100 0 AAL1 IAL1 2020 2022-09-23 18:48:47Z DR LA JERNE CORNISH 953 DANBY ROAD ITHACA NY 14850 412732603 0 X WWW.ITHACA.EDU X 1892 NY OUR MISSION IS TO EDUCATE, ENGAGE, AND EMPOWER THROUGH THEORY, PRACTICE, AND PERFORMANCE. 27 21 4290 24 18886 65107 12002902 24098826 335790105 263369539 16637996 21670628 1248636 607349 365679639 309746342 139394709 123189506 0 0 154287643 125072160 5893 0 2900135 76805420 64289369 370493665 312551035 -4814026 -2804693 834703732 909282506 202469395 191261676 632234337 718020830 X SEE SCHEDULE O 0 0 205458242 123053255 242164025 SEE SCHEDULE O 25461038 0 20569355 SEE SCHEDULE O 20928776 124701 626223 SEE SCHEDULE O 16747127 11550 0 OTHER PROGRAM SERVICESACADEMIC SUPPORT INCLUDES EXPENSES INCURRED TO PROVIDE SUPPORT SERVICES FOR THE COLLEGE'S PRIMARY PROGRAM SERVICE OF INSTRUCTION, RESEARCH, AND PUBLIC SERVICE. IT INCLUDES THE FOLLOWING ACTIVITIES: THE RETENTION, PRESERVATION, AND DISPLAY OF EDUCATIONAL MATERIALS AT THE ITHACA COLLEGE LIBRARY, THE HANDWERKER GALLERY, AND OTHER GALLERY SPACES; INFORMATION TECHNOLOGY SERVICES DEPLOYED AT THE COLLEGE, PARTICULARLY SERVICES WITHIN THE THEMES OF CAMPUS ENGAGEMENT AND TEACHING & LEARNING; ACADEMIC ADMINISTRATION AND PERSONNEL PROVIDING ADMINISTRATIVE SUPPORT AND MANAGEMENT DIRECTION TO THE PRIMARY PROGRAM SERVICE; AND SEPARATELY BUDGETED SUPPORT FOR COURSE AND CURRICULUM DEVELOPMENT. 16747127 11550 0 268595183 1 1 0 1 0 0 1 1 0 1 1 1 0 0 1 1 1 0 1 1 1 1 1 0 0 0 0 1 1 1 1 0 0 0 0 0 0 1 0 1 0 1 1 0 0 0 0 0 0 0 1 409 0 1 4290 1 1 1 1 UK 0 0 0 0 0 0 0 0 0 0 X 27 21 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X X TIMOTHY DOWNS - CFO VP FINANCE 6072743118 953 DANBY ROAD ITHACA NY 14850 SHIRLEY M COLLADO PRESIDENT 40.00 0.00 X X 723985 0 96963 WILLIAM GUERRERO VP FINANCE & ADMIN (THRU 02/2021) 40.00 0.00 X 285046 0 30440 LAURIE M KOEHLER VP MARKETING & ENROLLMENT STGY 40.00 0.00 X 234453 0 38176 LA JERNE CORNISH PROVOST & SVP 40.00 0.00 X 237498 0 34275 WENDY KOBLER VP PHILANTHROPY & ENGAGEMENT 40.00 0.00 X 236292 0 21649 SEAN F REID FORMER DEAN, SCH OF BUS (THRU 06/20) 0.00 0.00 X 194832 0 62701 TIMOTHY R CAREY ASSOCIATE VP, FACILITIES 40.00 0.00 X 239211 0 10919 DIANE M GAYESKI FORMER DEAN, SCHOOL OF COMMUNICATIONS 40.00 0.00 X 224714 0 19792 LINDA PETROSINO DEAN, HS&HP 40.00 0.00 X 211537 0 32254 DAVID L WEIL ASSOCIATE VP & CIO 40.00 0.00 X 179892 0 55885 ROSANNA FERRO VP STUDENT AFFAIRS AND CAMPUS LIFE 40.00 0.00 X 190549 0 44451 JOHN I POWERS AS OF 0720 INTERIM DEAN, SCHOOL OF COMM. 40.00 0.00 X 178728 0 55437 HAYLEY HARRIS VP HUMAN RESOURCES 40.00 0.00 X 201863 0 31014 GUILHERME COSTA NON-VOTING SECRETARY, VP, GC (THRU 09/2020) 40.00 0.00 X X 194104 0 32568 ALKA BRAMHANDKAR AS OF 0720 INTERIM DEAN, SCHOOL OF BUSINESS 40.00 0.00 X 190785 0 32254 KARL T PAULNACK FORMER DEAN, SCHOOL OF MUSIC 0.00 0.00 X 184812 0 37367 MARIE C BLOUIN ASSOCIATE PROFESSOR AND CHAIR 40.00 0.00 X 198463 0 18994 JAMES A YAGGIE PROFESSOR 40.00 0.00 X 174528 0 41708 MELANIE STEIN DEAN, SCHOOL OF H&S 40.00 0.00 X 198257 0 10610 TANYA R SAUNDERS ASST PROV, INT'L PROG & EXT STUD 40.00 0.00 X 180800 0 14336 ROGER G RICHARDSON ASSC. VP, STUDENT AFF. & CAMPUS LIFE 40.00 0.00 X 173267 0 19181 STEPHEN TROPIANO PROF. & DIRECTOR OF LA PROGRAM 40.00 0.00 X 174759 0 16888 KEITH A KAISER AS OF 072020 INTERIM DEAN, SCHOOL OF MUSIC 40.00 0.00 X 164507 0 10804 CASEY L KENDALL TRUSTEE, STAFF (AS OF 07/2020) 40.00 0.00 X 134814 0 27745 NICOLE EVERSLEY BRADWELL EXECUTIVE DIRECTOR, ADMISSIONS 40.00 0.00 X 117228 0 16006 BARUCH J WHITEHEAD TRUSTEE, FACULTY (AS OF 07/2020) 40.00 0.00 X 98565 0 15986 KALENA A YEARWOOD TRUSTEE, STUDENT (AS OF 07/2020) 1.00 0.00 X 700 0 0 DAVID H LISSY CHAIR 1.00 0.00 X X 0 0 0 JAMES W NOLAN JR VICE CHAIR 1.00 0.00 X X 0 0 0 ROSANNA AYBAR TRUSTEE 1.00 0.00 X 0 0 0 DAVID J BACHRACH TRUSTEE 1.00 0.00 X 0 0 0 LUVELLE BROWN TRUSTEE 1.00 0.00 X 0 0 0 MICHAEL J CONOVER TRUSTEE 1.00 0.00 X 0 0 0 JACK H DEMBOW TRUSTEE 1.00 0.00 X 0 0 0 DAVID FLEISHER II TRUSTEE 1.00 0.00 X 0 0 0 THADDEUS J FORTIN TRUSTEE 1.00 0.00 X 0 0 0 GARY J GROSS TRUSTEE 1.00 0.00 X 0 0 0 DAVID MEBERG TRUSTEE 1.00 0.00 X 0 0 0 ORINTHIA MONTAGUE TRUSTEE 1.00 0.00 X 0 0 0 KRISTIN R MUENZEN TRUSTEE 1.00 0.00 X 0 0 0 WILLIAM J NELLIGAN III TRUSTEE 1.00 0.00 X 0 0 0 KATHLEEN K NEWLANDS TRUSTEE 1.00 0.00 X 0 0 0 MARY GEORGE OPPERMAN TRUSTEE 1.00 0.00 X 0 0 0 CHRISTOPHER D PALMIERI TRUSTEE (AS OF 01/2021) 1.00 0.00 X 0 0 0 JEFFREY J SELINGO TRUSTEE 1.00 0.00 X 0 0 0 JAN E SINGER TRUSTEE 1.00 0.00 X 0 0 0 PETER R TAFFAE TRUSTEE 1.00 0.00 X 0 0 0 JAMES E TAYLOR TRUSTEE 1.00 0.00 X 0 0 0 DOUGLAS M WEISMAN TRUSTEE 1.00 0.00 X 0 0 0 KIMBERLY A ZEOLI TRUSTEE 1.00 0.00 X 0 0 0 5524189 0 828403 172 1 1 0 DRIVESTREAM INC 45610 WOODLAND ROAD SUITE 150 STERLING VA 10335 TECHNOLOGY SERVICES 1984512 APOGEE INC 715 W 23RD ST SUITE M AUSTIN TX 78705 TECHNOLOGY SERVICES 1426073 VANDIS INC 1 ALBERTSON AVE SUITE 1 ALBERSTON NY 11507 NETWORKING AND IT SECURITY 965355 ARCHITECTURAL CONCRETE PLUS LLC 69 HOLLISTER STREET DUNDEE NY 14837 GENERAL CONSTRUCTION 863534 ORACLE AMERICA INC 500 ORACLE PARKWAY REDWOOD SHORES CA 94065 TECHNOLOGY SERVICES 741895 34 18594747 5504079 1551976 24098826 TUITION & FEES 900099 242164025 242164025 ROOM & BOARD 721310 18533528 18533528 STUDENT INSURANCE 900099 1395670 1395670 ANCILLARY STUDENT SVCS 611710 626223 626223 CAMPUS DINING SERVICES 900099 291893 291893 358200 40368 317832 263369539 7683471 18886 7664585 39802 39802 50830 0 50830 50830 50830 116708690 4245 102725778 0 13982912 4245 13987157 13987157 568379 260483 307896 307896 REBATES & REFUNDS 900099 186461 186461 STUDENT LOAN ADMIN FEE 900099 5405 5405 16955 16955 208821 309746342 263359603 18886 22269027 368510 368510 120705348 120705348 2115648 2115648 3629454 955542 2433483 240429 448323 314100 134223 91931267 77941072 12317113 1673082 2990357 2457018 473505 59834 18220558 13461856 4514032 244670 7852201 6451737 1243350 157114 138641 138641 209700 209700 885277 885277 12878967 4020690 8697511 160766 358441 153115 204658 668 5684288 3129742 2400890 153656 6372311 2633752 3616378 122181 4220018 3813288 405652 1078 416504 395323 13565 7616 69381 51411 13431 4539 5017404 5017404 20635525 19312775 1260356 62394 2592822 1544811 1048011 FOOD SERVICE EXPENSES 1407171 1407171 REPAIRS & MAINTENANCE 1390404 868021 522309 74 TAX, LICENSES & PERMIT 961721 921326 40395 DUES & MEMBERSHIPS 449816 245861 193247 10708 600978 309662 289990 1326 312551035 268595183 41055717 2900135 246850 28548 8884780 11270437 1906790 2013133 7421495 12307107 0 0 6180790 4659942 844908 1014703 2942234 3370791 674848439 319902780 366984880 354945659 190630808 222464142 241245769 288275962 7414428 8932082 834703732 909282506 27604038 26788739 0 2685647 4356461 111085501 104200692 0 0 21206671 20196684 0 39887538 35719100 202469395 191261676 X 493907692 545073736 138326645 172947094 632234337 718020830 834703732 909282506 X -2804693 82915493 5675693 X 0 1 X 1 1 1 X 13413345 15991270 37061756 14325948 24098826 104891145 13413345 15991270 37061756 14325948 24098826 104891145 27771170 77119975 7122332 6875450 8161288 8492161 7755217 38406448 24615 180378 102050 52243 0 359286 4592208 4783244 4836254 3728683 1095032 19035421 162692300 1632938438 0.47400 0.43930 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: GROSS SALES OF INVENTORY - 2016 AMOUNT: $ 2,983,960. 2017 AMOUNT: $ 2,851,904. 2018 AMOUNT: $ 2,705,352. 2019 AMOUNT: $ 2,088,598. 2020 AMOUNT: $ 568,379. OTHER PROGRAM REVENUE - 2016 AMOUNT: $ 1,113,460. 2017 AMOUNT: $ 1,379,789. 2018 AMOUNT: $ 1,701,337. 2019 AMOUNT: $ 1,108,174. 2020 AMOUNT: $ 317,832. FUNDRAISING EVENTS REVENUE - 2016 AMOUNT: $ 25,677. 2017 AMOUNT: $ 36,903. 2018 AMOUNT: $ 30,584. 2019 AMOUNT: $ 26,612. 2020 AMOUNT: $ 0. MISCELLANEOUS REVENUE - 2016 AMOUNT: $ 469,111. 2017 AMOUNT: $ 514,648. 2018 AMOUNT: $ 398,981. 2019 AMOUNT: $ 505,299. 2020 AMOUNT: $ 208,821. SCHEDULE A, PART II, COLUMN D: THE 2019 COLUMN INCLUDES THE AMOUNTS REPORTED ON THE FULL YEAR TWELVE-MONTH FORM 990 FOR THE YEAR ENDING MAY 31, 2019 AND A SHORT PERIOD FORM 990 FOR THE ONE-MONTH PERIOD JUNE 1, 2019 THROUGH JUNE 30, 2019. THUS, THIS COLUMN IS REFLECTIVE OF THE COLLEGE'S THIRTEEN-MONTH PERIOD INCOME STATEMENT ACTIVITY. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 0 0 0 0 0 0 1 5983 5983 0 PART II-B, LINE 1: THE COLLEGE IS A MEMBER OF ORGANIZATIONS LISTED AS REGISTRANTS ON THE LOBBYING DISCLOSURE ACT DATABASE. LINE 1(I) REPORTS 25% OF MEMBERSHIP DUES PAID TO THESE ORGANIZATIONS DURING THE COLLEGE'S FISCAL YEAR. ON OCCASION, A HANDFUL OF ITHACA COLLEGE STAFF MAY PARTICIPATE IN DE-MINIMIS LOBBYING ACTIVITIES TO ADVOCATE FOR FEDERAL, STATE AND LOCAL LEGISLATION THAT MAY BENEFIT THE COLLEGE AND ITS STUDENTS. THE COLLEGE DOES NOT REQUIRE THESE STAFF MEMBERS TO SPECIFICALLY IDENTIFY THE MINIMAL TIME SPENT RELATIVE TO SUCH LOBBYING ACTIVITIES AND SO NO COSTS HAVE BEEN QUANTIFIED IN THE SCHEDULE C LOBBYING EXPENDITURES REPORTED ABOVE. X X 2 101.00 1 1 38.00 1 1250000 X 0 337301846 1742339 100494402 4018894 10320655 425199038 347334887 2098148 1411286 4885423 8657052 337301846 316025346 31310128 13094002 2053787 11040802 347334887 300715519 3894502 23117965 2063803 9638837 316025346 267328459 7532678 34451515 1908400 6688733 300715519 0.62630 0.19920 0.17450 0 0 13415615 13415615 555947223 256675432 299271791 2820317 864207 1956110 58528920 36306648 22222272 44136364 26056493 18079871 354945659 PUBLIC EQUITIES (LP INVESTMENTS) 169253745 F HEDGE FUNDS 72355689 F PRIVATE EQUITY 33818622 F REAL ESTATE FUNDS 12847906 F 288275962 POSTRETIREMENT BENEFIT OBLIGATION 15712932 LEASE LIABILITY 7870107 US GOVERNMENT GRANTS REFUNDABLE 5500658 INTEREST RATE SWAP AGREEMENTS 4933633 CONDITIONAL ASSET RETIREMENT OBLIGATIONS 1701770 35719100 X 270317860 82915493 1057043 83972536 186345324 885277 122515741 123401018 309746342 189408048 518514 518514 188889534 885277 122776224 123661501 312551035 PART II, LINE 9: HOW THE ORGANIZATION REPORTS CONSERVATION EASEMENTS THE CONSERVATION EASEMENTS ARE NOT REPORTED ON THE BALANCE SHEET OR IN FOOTNOTES TO THE ORGANIZATION'S FINANCIAL STATEMENTS. THE AMOUNTS ARE CONSIDERED IMMATERIAL. PART III, LINE 4: DESCRIPTION OF THE ORGANIZATION'S COLLECTIONS AND HOW THEY FURTHER ITS EXEMPT PURPOSE THE COLLEGE'S COLLECTION CONSISTS SOLELY OF A SCULPTURE RECEIVED AS A NONCASH CONTRIBUTION IN DECEMBER 2016. THE SCULPTURE, TITLED "THE DRUMMER," WAS CREATED BY BARRY FLANAGAN, A WELSH SCULPTOR BEST KNOWN FOR HIS BRONZE STATUES OF HARES AND OTHER ANIMALS. MR. FLANAGAN'S WORK CAN BE FOUND AT THE NATIONAL GALLERY OF ART SCULPTURE GARDEN IN WASHINGTON, D.C.; AND IN PUBLIC SPACES IN NEW YORK CITY, LONDON, COLOGNE, OKLAHOMA CITY, AND ON COLLEGE CAMPUSES AROUND THE WORLD. THE ADDITION OF THIS SCULPTURE TO THE COLLEGE CAMPUS LANDSCAPE ELEVATES THE COLLEGE'S REPUTATION IN THE ART WORLD, AND SERVES AS AN ON-CAMPUS PIECE THAT IS STUDIED BY STUDENTS, ESPECIALLY THOSE IN ART HISTORY AND ART CONSERVATION CLASSES. THIS HELPS SUPPORT THE COLLEGE'S MISSION TO FOSTER INTELLECTUAL GROWTH, AESTHETIC APPRECIATION, AND CHARACTER DEVELOPMENT IN OUR STUDENTS. PART V, LINE 4: INTENDED USES OF ENDOWMENT FUNDS THE INTENDED USE OF THE COLLEGE'S ENDOWMENT FUNDS IS TO PROVIDE SCHOLARSHIPS AND GRANTS TO STUDENTS, AND TO SUPPORT THE COLLEGE'S EDUCATIONAL MISSION AND PROGRAMS. ITHACA COLLEGE CHANGED ITS FISCAL YEAR END FROM MAY 31 TO JUNE 30 AND ISSUED AN AUDITED FINANCIAL STATEMENT FOR THE THIRTEEN-MONTH PERIOD OF JUNE 1, 2018 THROUGH JUNE 30, 2019. FOR TAX PURPOSES, ITHACA COLLEGE WAS REQUIRED TO COMPLETE A FULL YEAR TWELVE-MONTH FORM 990 FOR THE YEAR ENDING MAY 31, 2019 AND A SHORT PERIOD FORM 990 FOR THE ONE-MONTH PERIOD JUNE 1, 2019 THROUGH JUNE 30, 2019. THUS, COLUMN (C) IS REFLECTIVE OF THE COLLEGE'S THIRTEEN-MONTH PERIOD INCOME STATEMENT ACTIVITY. PART X, LINE 2: FIN 48 DISCLOSURE 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 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. MANAGEMENT BELIEVES THERE ARE NO UNCERTAIN TAX POSITIONS FOR THE YEAR ENDED JUNE 30, 2021. PART XI, LINE 2D - OTHER ADJUSTMENTS: COLLEGE PORTION OF FEDERAL WORK-STUDY WAGES 258,031. ADJUSTMENT TO LIABILITIES FOR PERKINS LOAN PROGRAM 28,782. ADJUSTMENT TO LIABILITIES FOR GATE LOAN PROGRAM -48,482. ADJUSTMENT TO LIABILITIES FOR SELF-INSURED HEALTH CARE 716,328. ADJUSTMENT TO LIABILITIES FOR OTHER EMPLOYEE BENEFITS 102,384. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID NETTED ON FINANCIALS 122,776,224. COST OF GOOD SOLD (CAMPUS STORE) -260,483. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOOD SOLD (CAMPUS STORE) 260,483. COLLEGE PORTION OF FEDERAL WORK-STUDY WAGES 258,031. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID NETTED ON FINANCIALS 122,776,224. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 NONDISCRIMINATORY POLICY THE COLLEGE'S NONDISCRIMINATORY POLICY APPEARS ON THE COLLEGE'S WEBSITE. SCHEDULE E, PART I, LINE 6 THE COLLEGE RECEIVES ASSISTANCE FROM THE US DEPARTMENT OF EDUCATION AND THE NEW YORK STATE EDUCATION DEPARTMENT TO FUND FINANCIAL AID PROGRAMS. THE COLLEGE RECEIVES ASSISTANCE FROM A VARIETY OF OTHER FEDERAL AND STATE AGENCIES TO FUND RESEARCH AND OTHER GRANT AWARDS. AS A RESULT OF THE COVID-19 PANDEMIC, THE COLLEGE RECEIVED ASSISTANCE FROM THE HIGHER EDUCATION EMERGENCY RELIEF FUND AND THE FEDERAL EMERGENCY MANAGEMENT AGENCY PUBLIC ASSISTANCE PROGRAM. 1 EUROPE (INCLUDING ICELAND & GREENLAND) 1 35 PROGRAM SERVICES STUDY ABROAD LONDON CENTER 333633 CENTRAL AMERICA AND THE CARIBBEAN 0 5 GRANTMAKING GRANTS/SCHOLARSHIPS 234746 EAST ASIA AND THE PACIFIC 0 16 GRANTMAKING GRANTS/SCHOLARSHIPS 327592 EUROPE (INCLUDING ICELAND & GREENLAND) 0 19 GRANTMAKING GRANTS/SCHOLARSHIPS 389854 MIDDLE EAST AND NORTH AFRICA 0 2 GRANTMAKING GRANTS/SCHOLARSHIPS 23345 NORTH AMERICA 0 7 GRANTMAKING GRANTS/SCHOLARSHIPS 186684 RUSSIA AND NEIGHBORING STATES 0 3 GRANTMAKING GRANTS/SCHOLARSHIPS 61500 SOUTH AMERICA 0 9 GRANTMAKING GRANTS/SCHOLARSHIPS 200413 SOUTH ASIA 0 12 GRANTMAKING GRANTS/SCHOLARSHIPS 387099 SUB-SAHARAN AFRICA 0 8 GRANTMAKING GRANTS/SCHOLARSHIPS 304415 CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 58396357 1 96 0 20 1 116 1757767 59087871 60845638 CENTRAL AMERICA AND THE CARIBBEAN PAYMENT TO SUBRECIPIENT OF FEDERAL GRANT (CFDA 45.161 AND 47.075) 42192 WIRE TRANSFER SOUTH ASIA WHEELS 4 WOMEN DONATED FUNDS 16580 WIRE TRANSFER 2 0 SCHOLARSHIPS CENTRAL AMERICA AND THE CARIBBEAN 5 192554 EFT/WIRE SCHOLARSHIPS EAST ASIA AND THE PACIFIC 16 327592 EFT/WIRE SCHOLARSHIPS EUROPE (INCLUDING ICELAND & GREENLAND) 19 389854 EFT/WIRE SCHOLARSHIPS MIDDLE EAST AND NORTH AFRICA 2 23345 EFT/WIRE SCHOLARSHIPS NORTH AMERICA 7 186684 EFT/WIRE SCHOLARSHIPS RUSSIA AND NEIGHBORING STATES 3 61500 EFT/WIRE SCHOLARSHIPS SOUTH AMERICA 9 200413 EFT/WIRE SCHOLARSHIPS SOUTH ASIA 12 370519 EFT/WIRE SCHOLARSHIPS SUB-SAHARAN AFRICA 8 304415 EFT/WIRE 1 0 1 1 1 0 PART I, LINE 2: PROCEDURES FOR MONITORING THE USE OF GRANTS AND OTHER ASSISTANCE THE COLLEGE FOLLOWS THE OMB UNIFORM GUIDANCE WITH RESPECT TO MONITORING THE USE OF FUNDS OF SUBRECIPIENTS OF FEDERAL AWARDS. SCHOLARSHIPS GIVEN TO STUDENTS ARE CREDITED TO EACH STUDENT'S COLLEGE ACCOUNT TO BE USED FOR TUITION & FEES FOR THE EDUCATIONAL PROGRAM. EXPENDITURES FOR STUDY ABROAD PROGRAMS ARE REMITTED DIRECTLY TO THE FOREIGN INSTITUTIONS PROVIDING EDUCATIONAL SERVICES. EXPENDITURES FOR TRAVEL FOR CONFERENCES, RESEARCH, AND RECRUITING PURPOSES ARE COMPRISED OF (1) PAYMENTS TO FOREIGN ORGANIZATIONS PROVIDING SERVICES AND/OR (2) PAYMENTS TO EMPLOYEES AFTER THE SUBMISSION OF PROPERLY SUBSTANTIATED TRAVEL EXPENSE REPORTS IN ACCORDANCE WITH COLLEGE POLICY. THERE WERE NO EXPENDITURES FOR TRAVEL FOR CONFERENCES, RESEARCH, OR RECRUITING PURPOSES THE YEAR ENDING JUNE 30, 2021. PART I, LINE 3: EXPENDITURES ARE REPORTED ON AN ACCRUAL BASIS ACCORDING TO GAAP, CONSISTENT WITH THE ITHACA COLLEGE METHOD OF ACCOUNTING. PART III ACCOUNTING METHOD: PART IV, LINE 4: FOREIGN FILING REQUIREMENTS ITHACA COLLEGE INVESTS DIRECTLY IN A VARIETY OF ALTERNATIVE INVESTMENTS THAT ARE STRUCTURED AS EITHER FOREIGN CORPORATIONS, FOREIGN LIMITED PARTNERSHIPS OR DOMESTIC LIMITED PARTNERSHIPS. THE LIMITED PARTNERSHIP INVESTMENTS MAY, IN TURN, OWN AN INTEREST IN A FOREIGN CORPORATION, PASSIVE FOREIGN INVESTMENT COMPANY, OR FOREIGN PARTNERSHIP. TO THE EXTENT THAT ITHACA COLLEGE IS REQUIRED TO COMPLETE A FORM 926, 5471, 8621 OR 8865 BECAUSE ITS INVESTMENT EXCEEDS THE FILING THRESHOLD, THOSE FORMS HAVE BEEN ATTACHED TO THE ORGANIZATION'S FORM 990-T FILING. 1 CENTER FOR THE ARTS AT ITHACA INC DBA HANGAR THEATRE PO BOX 205 ITHACA NY 14851 160902355 501(C)(3) 9380 SUPPORT THE ARTS IN TOMPKINS COUNTY NY CORNELL UNIVERSITY 341 PINE TREE RD ITHACA NY 14850 150532082 501(C)(3) 15000 AGENCY PAYMENT FOR OPERATING BUDGET FOR REV ITHACA STARTUP WORKS HILLEL OF ITHACA COLLEGE 953 DANBY RD MULLER CHAPEL ITHACA NY 14850 521758795 501(C)(3) 73036 CONTRIBUTIONS RECEIVED & REMITTED BY ITHACA COLLEGE NATIONAL MERIT SCHOLARSHIP CORPORATION 1560 SHERMAN AVE NO 200 EVANSTON IL 60201 362307745 501(C)(3) 14000 ANNUAL REMITTANCE TO MERIT SCHOLARSHIP PROGRAM NORTHEASTERN ILLINOIS UNIVERSITY 5500 NORTH ST LOUIS AVENUE CHICAGO IL 60625 366009515 501(C)(3) 13135 PAYMENT TO SUBRECIPIENT OF FEDERAL GRANT (CFDA 93.859) PLANETARY SCIENCE INSTITUTE 1700 EAST FORT LOWELL SUITE 106 TUSCON AZ 85719 330175263 501(C)(3) 39258 PAYMENT TO SUBRECIPIENT OF FEDERAL GRANT (CFDA 43.001) RESEARCH FOUNDATION OF SUNY PO BOX 9 ALBANY NY 12201 141368361 501(C)(3) 15616 CONTRIBUTION TO ACCESS TO COLLEGE EDUCATION (ACE) TOMPKINS COUNTY AREA DEVELOPMENT 401 E STATE ST SUITE 402B ITHACA NY 14850 166058339 501(C)(6) 16000 SUPPORT ECONOMIC ADVANCEMENT IN TOMPKINS COUNTY NY TOWN OF ITHACA NEW YORK 215 N TIOGA ST ITHACA NY 14850 GOVT 165000 FUNDS PROVIDED FOR CONSTRUCTION OF SIDEWALK ON DANBY ROAD 8 1 SCHOLARSHIPS 5169 120695633 SCHOLARSHIPS AWARDED TO EMPLOYEES 4 9715 PART I, LINE 2: THE PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS TO DOMESTIC ORGANIZATIONS VARY BASED ON THE NATURE OF THE AGREEMENT WITH THE GRANTEE. ORGANIZATIONS OPERATING OUT OF THE MULLER CHAPEL (HILLEL AND NEWMAN FOUNDATION) ARE SUBJECT TO OVERSIGHT BY COLLEGE EMPLOYEES. THE COLLEGE FOLLOWS THE OMB UNIFORM GUIDANCE WITH RESPECT TO MONITORING THE USE OF FUNDS OF SUBRECIPIENTS OF FEDERAL AWARDS (PLANETARY SCIENCE INSTITUTE AND NORTHEASTERN ILLINOIS UNIVERSITY). FOR GRANTS TO ALL OTHER DOMESTIC ORGANIZATIONS, THE COLLEGE RELEGATES RESPONSIBILITY FOR MONITORING THE USE OF GRANT FUNDS TO INDIVIDUALS WITHIN THOSE ORGANIZATIONS. STUDENTS MUST MEET THE CRITERIA SPECIFIED IN THE SCHOLARSHIP PROGRAM IN ORDER TO RECEIVE THE SCHOLARSHIP. FOR ONGOING SCHOLARSHIPS, STUDENTS MUST CONTINUE TO MEET THE CRITERIA IN ORDER TO BE AWARDED A SCHOLARSHIP IN SUBSEQUENT YEARS. IN ADDITION TO THE SCHOLARSHIP FUNDING REPORTED IN SCHEDULE I, THE COLLEGE DISBURSED APPROXIMATELY $1.55 MILLION IN HIGHER EDUCATION EMERGENCY RELIEF FUND ("HEERF") AID TO ITS STUDENT POPULATION DURING THE FISCAL YEAR ENDING JUNE 30, 2021. HEERF PROVIDES FUNDING TO INSTITUTIONS FOR EMERGENCY FINANCIAL AID GRANTS TO STUDENTS AS WELL AS FUNDING TO SUPPORT INSTITUTIONAL COSTS INCURRED RELATED TO THE PANDEMIC. THE PORTION OF HEERF FUNDING ALLOCATED FOR EMERGENCY FINANCIAL AID GRANTS TO STUDENTS PASSES THROUGH THE STATEMENT OF FINANCIAL POSITION AND IS THEREFORE REPORTED AS NEITHER REVENUE NOR EXPENSE IN BOTH THE COLLEGE'S FINANCIAL STATEMENTS AND THIS FORM 990. DURING THE FISCAL YEAR ENDING JUNE 30, 2021, HEERF EMERGENCY FINANCIAL AID GRANTS WERE DISBURSED TO 1,573 STUDENTS. X X X 1 1 X X X 1 1 0 0 0 0 0 1 0 SHIRLEY M COLLADO PRESIDENT 487303 0 0 0 236682 0 83623 0 13340 0 820948 0 116500 0 WILLIAM GUERRERO VP FINANCE & ADMIN (THRU 02/2021) 215799 0 0 0 69247 0 9900 0 20540 0 315486 0 0 0 LAURIE M KOEHLER VP MARKETING & ENROLLMENT STGY 234453 0 0 0 0 0 11250 0 26926 0 272629 0 0 0 LA JERNE CORNISH PROVOST & SVP 237498 0 0 0 0 0 11250 0 23025 0 271773 0 0 0 WENDY KOBLER VP PHILANTHROPY & ENGAGEMENT 236292 0 0 0 0 0 10800 0 10849 0 257941 0 0 0 SEAN F REID FORMER DEAN, SCH OF BUS (THRU 06/20) 162902 0 0 0 31930 0 17783 0 44918 0 257533 0 0 0 TIMOTHY R CAREY ASSOCIATE VP, FACILITIES 229211 0 10000 0 0 0 10235 0 684 0 250130 0 0 0 DIANE M GAYESKI FORMER DEAN, SCHOOL OF COMMUNICATION 197592 0 0 0 27122 0 9246 0 10546 0 244506 0 0 0 LINDA PETROSINO DEAN, HS&HP 211537 0 0 0 0 0 10820 0 21434 0 243791 0 0 0 DAVID L WEIL ASSOCIATE VP & CIO 179892 0 0 0 0 0 8233 0 47652 0 235777 0 0 0 ROSANNA FERRO VP STUDENT AFFAIRS AND CAMPUS LIFE 174949 0 0 0 15600 0 8533 0 35918 0 235000 0 0 0 JOHN I POWERS AS OF 0720 INTERIM DEAN, SCHOOL OF COMM. 130678 0 0 0 48050 0 0 0 55437 0 234165 0 0 0 HAYLEY HARRIS VP HUMAN RESOURCES 201863 0 0 0 0 0 9450 0 21564 0 232877 0 0 0 GUILHERME COSTA NON-VOTING SECRETARY, VP, GC (THRU 09/2020) 159102 0 0 0 35002 0 10800 0 21768 0 226672 0 0 0 ALKA BRAMHANDKAR AS OF 0720 INTERIM DEAN, SCHOOL OF BUSINESS 181344 0 0 0 9441 0 8120 0 24134 0 223039 0 0 0 KARL T PAULNACK FORMER DEAN, SCHOOL OF MUSIC 167788 0 0 0 17024 0 9541 0 27826 0 222179 0 0 0 MARIE C BLOUIN ASSOCIATE PROFESSOR AND CHAIR 171088 0 0 0 27375 0 8210 0 10784 0 217457 0 0 0 JAMES A YAGGIE PROFESSOR 168528 0 0 0 6000 0 8100 0 33608 0 216236 0 0 0 MELANIE STEIN DEAN, SCHOOL OF H&S 198257 0 0 0 0 0 9000 0 1610 0 208867 0 0 0 TANYA R SAUNDERS ASST PROV, INT'L PROG & EXT STUD 81860 0 0 0 98940 0 8905 0 5431 0 195136 0 0 0 ROGER G RICHARDSON ASSC. VP, STUDENT AFF. & CAMPUS LIFE 79287 0 0 0 93980 0 8458 0 10723 0 192448 0 0 0 STEPHEN TROPIANO PROF. & DIRECTOR OF LA PROGRAM 138192 0 0 0 36567 0 6342 0 10546 0 191647 0 0 0 KEITH A KAISER AS OF 072020 INTERIM DEAN, SCHOOL OF MUSIC 145973 0 0 0 18534 0 6139 0 4665 0 175311 0 0 0 CASEY L KENDALL TRUSTEE, STAFF (AS OF 07/2020) 134814 0 0 0 0 0 6279 0 21466 0 162559 0 0 0 NICOLE EVERSLEY BRADWELL EXECUTIVE DIRECTOR, ADMISSIONS 117228 0 0 0 0 0 5400 0 10606 0 133234 0 0 0 PART I, LINE 1A HOUSING ALLOWANCE OR RESIDENCE FOR PERSONAL USE/GROSS-UP PAYMENTS PRESIDENT COLLADO RECEIVED IMPUTED INCOME TOTALING $32,601 IN CALENDAR YEAR 2020 REPRESENTING PERSONAL USE OF HOUSING, A CLEANING PERSON, AND A LEASED VEHICLE. THE PRESIDENT ALSO RECEIVED A GROSS-UP PAYMENT OF $31,285 AS COMPENSATION FOR THE ASSOCIATED ADDITIONAL TAX LIABILITIES. THESE AMOUNTS ARE REPORTED IN SCHEDULE J, PART II, COLUMN (B)(III). VICE PRESIDENT FERRO RECEIVED A HOUSING BENEFIT TOTALING $15,600 IN CALENDAR YEAR 2020. THIS AMOUNT IS REPORTED IN SCHEDULE J, PART II, COLUMN (B)(III). PART I, LINES 4A-B PART I, LINE 4A: VACATION PAYOUTS: AS PART OF THEIR SEPARATION FROM THEIR ROLES WITH THE COLLEGE, THE FOLLOWING INDIVIDUALS RECEIVED PAYMENTS REPRESENTING ACCRUED AND UNUSED VACATION TIME AS FOLLOWS: VICE PRESIDENT COSTA, $35,002; DEAN GAYESKI, $27,122; DEAN PAULNACK, $17,024; DEAN REID $31,930; ASSISTANT PROVOST SAUNDERS, $15,569; AND ASSOCIATE VICE PRESIDENT RICHARDSON, $11,598. THESE PAYMENTS ARE REPORTED IN SCHEDULE J, PART II, COLUMN (B)(III). RETIREMENT INCENTIVES: IN CALENDAR YEAR 2020, THE COLLEGE IMPLEMENTED A ONE-TIME INCENTIVE TO RETIRE FOR ELIGIBLE EMPLOYEES. THE FOLLOWING REPORTED INDIVIDUALS RECEIVED A ONE-TIME PAYMENT EQUIVALENT TO 6 MONTHS OF SALARY: ASSISTANT PROVOST SAUNDERS, $83,372; AND ASSOCIATE VICE PRESIDENT RICHARDSON, $82,383. THESE PAYMENTS ARE REPORTED IN SCHEDULE J, PART II, COLUMN (B)(III). PART I, LINE 4B: SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN: DURING CALENDAR YEAR 2020, PRESIDENT COLLADO RECEIVED EMPLOYER CONTRIBUTIONS TO THE COLLEGE'S IRC SECTION 457(F) SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN TOTALING $61,500. THIS AMOUNT IS REPORTED IN SCHEDULE J, PART II, COLUMN (C). PRESIDENT COLLADO RECEIVED A LUMP SUM PAYMENT OF $172,796 REPRESENTING THE VESTED BALANCE IN THE IRC SECTION 457(F) PLAN ACCOUNT. THIS PAYMENT IS TREATED AS WAGES AND IS THEREFORE INCLUDED IN SCHEDULE J, PART II, COLUMN (B)(III). OF THIS AMOUNT, $116,500 IS REPORTED ON SCHEDULE J, PART II, COLUMN (F) AS IT WAS REPORTED ON PRIOR FORMS 990 AS RETIREMENT AND OTHER DEFERRED COMPENSATION. PART I, LINE 7 NON-FIXED PAYMENTS BONUS PAYMENTS: IN ACCORDANCE WITH THE COLLEGE'S COMPENSATION POLICIES, EMPLOYEES WHO HAVE MADE SPECIFIC AND SIGNIFICANT ACCOMPLISHMENTS AND WHO HAVE PERFORMED WELL IN SUPPORT OF A PROJECT OR INITIATIVE DURING THE YEAR MAY BE RECOGNIZED WITH A ONE-TIME MERIT PAYMENT. THESE PAYMENTS ARE REPORTED IN SCHEDULE J, PART II, COLUMN (B)(II). DURING CALENDAR YEAR 2020 THERE WERE NO SUCH PAYMENTS TO REPORTED INDIVIDUALS. RETENTION BONUS: IN AN AGREEMENT DATED AUGUST 2019, ASSOCIATE VICE PRESIDENT CAREY RECEIVED A RETENTION BONUS PAYABLE OVER THE COURSE OF A FIVE-YEAR TERM IN THE AMOUNT OF $10,000 PER YEAR. THE FIRST PAYMENT WAS ISSUED IN CALENDAR YEAR 2020 AND IS REPORTED IN SCHEDULE J, PART II, COLUMN (B)(II). GENERAL STATEMENT ABOUT COMPENSATION: VICE PRESIDENT GUERRERO RECEIVED TAXABLE TUITION REMISSION TOTALING $69,247 IN CALENDAR YEAR 2020. THIS COMPENSATION IS REPORTED IN SCHEDULE J, PART II, COLUMN (B)(III). IN ACCORDANCE WITH THE COLLEGE'S COMPENSATION POLICIES, FACULTY WHO PERFORM ADDITIONAL DUTIES AND MEET CERTAIN ELIGIBILITY REQUIREMENTS ARE ENTITLED TO RECEIVE ADDITIONAL COMPENSATION WHILE PERFORMING THESE ADDITIONAL DUTIES. UNLESS OTHERWISE NARRATED ELSEWHERE IN THIS SCHEDULE J, AMOUNTS REPORTED IN SCHEDULE J, PART II, COLUMN (B)(III) REPRESENT THIS COMPENSATION. WITH THE EXCEPTION OF PRESIDENT COLLADO'S SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN, AMOUNTS IN SCHEDULE J, PART II, COLUMN (C) ARE COMPRISED OF EMPLOYER CONTRIBUTIONS TO THE IRC SECTION 403(B) RETIREMENT PLAN. DURING CALENDAR YEAR 2020, THE FOLLOWING REPORTED INDIVIDUALS RECEIVED NON-CASH TUITION REMISSION BENEFITS FOR DEPENDENTS: ASSOCIATE VICE PRESIDENT WEIL, $36,747; DEAN REID, $29,774; AND INTERIM DEAN POWERS, $22,637. THESE AMOUNTS ARE REPORTED IN SCHEDULE J, PART II, COLUMN (D). WITH THE EXCEPTION OF NON-CASH TUITION REMISSION BENEFITS, AMOUNTS IN SCHEDULE J, PART II, COLUMN (D) ARE COMPRISED OF THE FOLLOWING: EMPLOYER AND EMPLOYEE PORTIONS OF HEALTH BENEFITS INCLUDING MEDICAL PREMIUMS, DENTAL PREMIUMS, VISION & HEARING PREMIUMS, LIFE INSURANCE PREMIUMS, CONTRIBUTIONS TO HEALTH SAVINGS ACCOUNTS, AND CONTRIBUTIONS TO THE EMERITI RETIREE HEALTH CARE PROGRAM. A TOMPKINS COUNTY DEVELOPMENT CORPORATION 272290745 2020-06-11 35274000 CURRENT REFUNDING OF SERIES 2005B 0 0 0 B TOMPKINS COUNTY DEVELOPMENT CORPORATION 272290745 890096CC2 2015-09-24 49150749 REFIN OF REISSUED SER. 2007 & 2008 BONDS 0 0 0 C TOMPKINS COUNTY DEVELOPMENT CORPORATION 272290745 890096CZ1 2017-12-09 25635508 ADVANCE REFUNDING OF SERIES 2011 0 0 0 D TOMPKINS COUNTY DEVELOPMENT CORPORATION 272290745 890096DR8 2018-12-20 21691959 CURRENT REFUNDING OF SERIES 2004B 0 0 0 A 821087 35274000 281322 34992678 1 0 1 1 B 16890000 49150749 532438 48618311 1 0 1 1 C 1560000 26859625 376009 26483616 0 1 1 1 D 1600000 21691959 352901 21339058 1 0 0 1 B 0 1 1 1 0 0 0 1 C 0 1 1 1 0 0 0 1 D 0 1 0 0 0 0 1 A 0 1 1 0 0 0 0 0 1 B 0 0 0 1 0 0 0 0 1 C 0 1 0 0 0 0 0 0 1 D 0 1 1 0 0 0 0 0 1 A 1 B 1 C 1 D 1 PART I, BOND A, COLUMN F: PROCEEDS OF THE BONDS WERE ISSUED TO CURRENTLY REFUND THE BORROWER'S OUTSTANDING SERIES 2005B BONDS (ORIGINALLY ISSUED ON 12/09/2013). PART I, BOND B, COLUMN F: PROCEEDS OF THE BONDS WERE ISSUED TO CURRENTLY REFUND THE BORROWER'S OUTSTANDING REISSUED SERIES 2007 BONDS (ISSUED 08/20/2009) AND REISSUED SERIES 2008 BONDS (ISSUED 09/17/2009) (COLLECTIVELY, THE "PRIOR BONDS"). PART I, BOND C, COLUMN F: PROCEEDS OF THE BONDS WERE ISSUED TO ADVANCE REFUND THE BORROWER'S OUTSTANDING SERIES 2011 BONDS (ISSUED 04/07/2011) (THE "PRIOR BONDS"). PART I, BOND D, COLUMN F: THE ISSUE DATE FOR THE SERIES 2004 BONDS WAS NOVEMBER 10, 2004. PART II, BOND A, LINE 13: SINCE PROCEEDS OF THE BONDS WERE USED FOR CURRENT REFUNDING PURPOSES, THE YEAR OF SUBSTANTIAL COMPLETION IS NOT APPLICABLE. PART II, BOND B, LINE 13: THE BONDS WERE ISSUED FOR THE PURPOSE OF REFUNDING PRIOR BONDS, A SUBSTANTIAL DATE OF COMPLETION IS NOT APPLICABLE TO THE BOND ISSUE. PART II, BOND D, LINE 13: SINCE THE PROCEEDS OF THE BONDS WERE USED FOR CURRENT REFUNDING PURPOSES, THE YEAR OF SUBSTANTIAL COMPLETION IS NOT APPLICABLE. PART III, BOND A: BECAUSE THE REFUNDED REISSUED SERIES 2005B BONDS ISSUED ON 12/9/2013 REFUNDED BONDS ISSUED BEFORE JANUARY 1, 2003, THE ISSUER HAS NOT COMPLETED PART III WITH RESPECT TO THE BONDS. PART III, LINE 7: AS PROVIDED IN TREASURY REGULATION SECTION 1.141-4(C)(2)(I)(B), THE AMOUNT OF PRIVATE PAYMENTS TAKEN INTO ACCOUNT UNDER THE PRIVATE PAYMENT TEST MAY NOT EXCEED THE AMOUNT OF PRIVATE BUSINESS USE AND/OR UNRELATED TRADE OR BUSINESS USE. ACCORDINGLY, THE AMOUNT OF PRIVATE PAYMENTS FOR THE REPORTING PERIOD DOES NOT EXCEED THE AMOUNT STATED IN PART III, LINE 6. THE ORGANIZATION HAS NOT UNDERTAKEN AN ANALYSIS OF THE PRIVATE SECURITY TEST WITH RESPECT TO THE BONDS, AS THE LEVEL OF PRIVATE BUSINESS USE AND/OR UNRELATED TRADE OR BUSINESS REPORTED IN PART III, LINE 6, IS NOT IN EXCESS OF AMOUNTS PERMITTED UNDER SECTION 145 OF THE CODE. PART IV, BOND A, LINE 2: THE BONDS CONSIST OF A CURRENT REFUNDING, WHICH HAS MET AN EXCEPTION TO THE REBATE REQUIREMENT. PART IV, BOND B, LINE 2(C): THE INTERIM REBATE COMPUTATION WAS COMPLETED BY BLX GROUP LLC ON 10/10/19 AND CONCLUDED THAT NO REBATE LIABILITY WILL BE DUE ON THE BONDS ON ANY FUTURE REQUIRED COMPUTATION DATE. PART IV, BOND D, LINE 2(A): THE BONDS ARE A CURRENT REFUNDING OF THE SERIES 2004 BONDS, ISSUED ON NOVEMBER 10, 2004, AND SATISFIED THE 6 MONTH EXCEPTION OF REBATE. 58544 TUITION REMISSION EDUC BENEFITS 77000 SCHOLARSHIPS EDUC BENEFITS JASON MUENZEN FAMILY OF TRUSTEE 162728 SEE PART V 0 WILLIAM KIP OPPERMAN FAMILY OF TRUSTEE 21056 SEE PART V 0 SCHEDULE L, PART III: SCHOOLS ARE NOT REQUIRED TO IDENTIFY INTERESTED PERSONS TO WHOM THEY PROVIDED SCHOLARSHIPS AND DISCOUNTED TUITION, AND COLUMNS (A) AND (B) ARE LEFT BLANK FOR THESE LINES. REVEALING THE IDENTITY OF SUCH INTERESTED PERSONS COULD RESULT IN AN UNAUTHORIZED DISCLOSURE OF STUDENT EDUCATION RECORDS UNDER THE FAMILY EDUCATIONAL RIGHTS AND PRIVACY ACT (FERPA). SCHEDULE L, PART IV, COLUMN D: BOARD OF TRUSTEES MEMBER KRISTIN R. MUENZEN HAS A FAMILY MEMBER WHO IS AN EMPLOYEE OF THE COLLEGE. JASON MUENZEN IS EMPLOYED IN THE SCHOOL OF BUSINESS AS AN INSTRUCTOR AND THE DIRECTOR OF THE INVESTMENT PROGRAM AND RECEIVED WAGES OF $162,728 FOR THE YEAR ENDING DECEMBER 31, 2020.BOARD OF TRUSTEES MEMBER MARY G. OPPERMAN HAS A FAMILY MEMBER WHO IS AN EMPLOYEE OF THE COLLEGE. WILLIAM KIP OPPERMAN WORKED AS A PART-TIME LECTURER AND RECEIVED WAGES OF $21,065 FOR THE YEAR ENDING DECEMBER 31, 2020. X 8 34500 FAIR MARKET VALUE X 34 1418629 FAIR MARKET VALUE X FURNISHINGS 1 62662 COMPARABLE SALE X COMP EQUIP 21 24985 COMPARABLE SALE X MUSICAL INSTRUMENTS 1 11200 COMPARABLE SALE 0 1 1 PART I, COLUMN (B): THE COLLEGE IS REPORTING THE NUMBER OF ITEMS RECEIVED. PART I, LINE 32B: TO THE EXTENT THAT THE ORGANIZATION RECEIVES CONTRIBUTIONS OF STOCK, THE ORGANIZATION USES ITS INVESTMENT BROKER TO CONVERT THOSE STOCKS INTO CASH. GENERAL STATEMENT REGARDING THE COVID-19 PANDEMIC: THE COVID-19 PANDEMIC CONTINUES TO HAVE SIGNIFICANT EFFECTS ON HIGHER EDUCATION, GLOBAL MARKETS, SUPPLY CHAINS, BUSINESSES, AND COMMUNITIES. SPECIFIC TO THE COLLEGE, COVID-19 HAS IMPACTED VARIOUS PARTS OF ITS OPERATIONS AND FINANCIAL RESULTS AND MAY IMPACT PORTIONS OF ITS OPERATIONS AND FINANCIAL RESULTS IN THE FUTURE, INCLUDING, BUT NOT LIMITED TO, DECLINES IN ENROLLMENT, LOSS OF AUXILIARY REVENUES, ADDITIONAL BAD DEBTS, COSTS FOR INCREASED USE OF TECHNOLOGY AND SAFETY PROTOCOLS, OR POTENTIAL SHORTAGES OF PERSONNEL. MANAGEMENT BELIEVES THAT THE COLLEGE IS TAKING APPROPRIATE ACTIONS TO MITIGATE THE NEGATIVE IMPACT. THE HIGHER EDUCATION EMERGENCY RELIEF FUND ("HEERF") PROVIDES FUNDING TO INSTITUTIONS FOR EMERGENCY FINANCIAL AID GRANTS TO STUDENTS AS WELL AS FUNDING TO SUPPORT INSTITUTIONAL COSTS INCURRED RELATED TO THE PANDEMIC. FOR THE YEARS ENDED JUNE 30, 2021 AND 2020, $1,370,000 AND $2,106,355, RESPECTIVELY, WAS DISBURSED DIRECTLY TO QUALIFYING STUDENTS FOR EMERGENCY AID AND PASSED THROUGH THE STATEMENT OF FINANCIAL POSITION. FOR THE YEARS ENDED JUNE 30, 2021 AND 2020, $10,409,176 AND $2,291,626, RESPECTIVELY, WAS USED TO SUPPORT COSTS INCURRED RELATED TO THE PANDEMIC AND TO OFFSET LOST REVENUE. SUCH REVENUE IS RECOGNIZED UNDER THE PROVISIONS OF THE HEERF PROGRAMS AND IS RECORDED AS GOVERNMENT GRANTS AND CONTRACTS WITHIN THE ACCOMPANYING STATEMENTS OF ACTIVITIES. IN ADDITION TO THE PRECEDING HEERF FUNDS, THE COLLEGE RECEIVED FUNDS FROM THE FEDERAL EMERGENCY MANAGEMENT AGENCY ("FEMA") PUBLIC ASSISTANCE ("PA") PROGRAM, WHICH PROVIDES FUNDING TO GOVERNMENT ENTITIES AND CERTAIN PRIVATE NONPROFIT ORGANIZATIONS FOR THE PROVISION OF PERSONAL PROTECTIVE EQUIPMENT AND DISINFECTING SERVICES AND SUPPLIES. FOR THE YEAR ENDING JUNE 30, 2021, THE COLLEGE RECOGNIZED $4,386,555 AS REVENUE FROM THE FEMA PA PROGRAM, AND RECORDED THIS AMOUNT AS GOVERNMENT GRANTS AND CONTRACTS WITHIN THE ACCOMPANYING STATEMENT OF ACTIVITIES. FORM 990, PART III, LINE 1 - ORGANIZATION'S MISSION: VISION: A GLOBAL DESTINATION FOR BOLD THINKERS SEEKING TO BUILD THRIVING COMMUNITIES. MISSION: EDUCATE, ENGAGE, AND EMPOWER THROUGH THEORY, PRACTICE, AND PERFORMANCE. VALUES: ACADEMIC EXCELLENCE, RESPECT AND ACCOUNTABILITY, INNOVATION, SUSTAINABILITY, AND EQUITY. ALL OF THESE VALUES ARE INTERRELATED AND EQUALLY CRITICAL TO ACCOMPLISHING ITHACA COLLEGE'S VISION AND MISSION. ACADEMIC EXCELLENCE. ITHACA COLLEGE VIEWS ACADEMIC EXCELLENCE AS THE INTEGRATION OF THEORY, PRACTICE, AND PERFORMANCE. THE COLLEGE'S UNIQUE FUSION OF THE LIBERAL ARTS AND PROFESSIONAL PROGRAMS ASSUMES THAT KNOWLEDGE NEEDS TO INFORM AND BE INFORMED BY HANDS-ON EXPERIENCE, REAL-LIFE APPLICATION, AND CONCRETE ACTION. CURRICULAR AND CO-CURRICULAR ACTIVITIES SHOULD PROVIDE ALL COMMUNITY MEMBERS WITH OPPORTUNITIES TO DEVELOP, DEBATE, AND CRITICALLY EVALUATE STRATEGIES TO ADDRESS COMPLEX PROBLEMS. RESPECT AND ACCOUNTABILITY. MUTUAL CARE, RESPECT, AND ACCOUNTABILITY ARE EXPECTED IN ALL FACETS OF INSTITUTIONAL LIFE. ITHACA COLLEGE VALUES EVERY COMMUNITY MEMBER'S DIGNITY AND SEEKS TO CREATE A SOCIAL ENVIRONMENT WHERE EVERYONE CAN FLOURISH AND BE THEIR AUTHENTIC SELF. AS MEMBERS OF A THRIVING COMMUNITY, WE DEMONSTRATE PRACTICES THAT FOSTER A SENSE OF BELONGING, SHARED RESPONSIBILITY, COLLABORATION, INNOVATION, AND ACHIEVEMENT. ACCOUNTABILITY TO ITHACA COLLEGE'S VALUES AND POLICIES GIVES US THE OPPORTUNITY TO CONSIDER THE CONSEQUENCES OF OUR ACTIONS, TO SELF-EXAMINE, AND TO FIND WAYS TO RESTORE TRUST AND FORGIVENESS WHEN HARM IS CAUSED. A CULTURE OF CARE AND LOVE GROWS WHEN WE RESPECTFULLY ENGAGE IN LEARNING OPPORTUNITIES THAT HELP US SHIFT OUT OF OUR PRESUMED PARADIGMS. INNOVATION. A CULTURE OF INNOVATION ENABLES US TO REMAIN FORWARD THINKING, NIMBLE, AND ADAPTABLE TO SOCIAL AND TECHNOLOGICAL CHANGE. WHEN PEOPLE FROM DIVERSE BACKGROUNDS AND EXPERIENCES ARE EMPOWERED TO EXCHANGE IDEAS AND COLLABORATIVELY PROBLEM-SOLVE, INNOVATION GROWS, CREATIVITY SPARKS, AND INSTITUTIONAL AND PERSONAL GOALS ARE ACHIEVED. COLLABORATION BETWEEN THE PROFESSIONAL AND LIBERAL ARTS TRADITIONS CULTIVATES ACADEMIC EXCELLENCE IN THE SPIRIT OF THEORY, PRACTICE, AND PERFORMANCE. SUSTAINABILITY. ADOPTING INSTITUTIONAL STRATEGIES THAT OFFER ECOLOGICAL AND RESOURCE-BASED SUSTENANCE TO THE PEOPLE AND PLACES OF ITHACA COLLEGE ENSURE ITS FUTURITY. SUSTAINABILITY MEANS INCREASING OUR USAGE OF RENEWABLE ENERGY SOURCES AND REDUCING OUR CARBON FOOTPRINT BECAUSE WE UNDERSTAND THE IMPACT OF OUR DECISIONS ON THE COMMUNITY AND THE PLANET. IT MEANS PRACTICING GOOD STEWARDSHIP OF FINANCIAL RESOURCES. IT MEANS FOSTERING CONNECTIONS AMONG STUDENTS, FACULTY, STAFF, ALUMNI, AND ADMINISTRATORS TO SERVE THE PUBLIC GOOD. WE ACTIVATE CRITICAL THINKING, SCHOLARLY INQUIRY, PROFESSIONAL SKILLS, AND PERFORMANCE IN ORDER TO POSITIVELY IMPACT, SUSTAIN, AND ADVANCE OUR LOCAL AND GLOBAL COMMUNITIES. EQUITY. WE ADOPT AN EQUITY FRAMEWORK THAT PROACTIVELY SEEKS TO MAKE ITHACA COLLEGE ACCESSIBLE, AFFORDABLE, AND INCLUSIVE FOR ALL PEOPLE, ESPECIALLY THOSE IMPACTED BY SYSTEMIC DISADVANTAGE, MARGINALIZATION, AND EXCLUSION. THIS ENDEAVOR REQUIRES RESOURCE ALLOCATION AS WELL AS ORGANIZATIONAL STRUCTURES THAT FACILITATE EQUITY. IT DEMANDS ADOPTING STRATEGIES FOR INCREASING THE REPRESENTATIONAL DIVERSITY OF STUDENTS, FACULTY, AND STAFF WHO ARE CURRENTLY UNDERREPRESENTED IN HIGHER EDUCATION. IT ALSO MEANS IMPLEMENTING INCLUSIVE POLICIES AND PRACTICES PROVEN TO FOSTER THE RETENTION, BELONGING, AND ADVANCEMENT OF PEOPLE WHO FACE SYSTEMIC DISADVANTAGES AND DISCRIMINATION BASED ON RACE, GENDER, SEXUAL ORIENTATION, RELIGION, ABILITY, AND NATIONAL ORIGIN. FINALLY, AN EQUITY FRAMEWORK ASSUMES INCLUSIVE DECISION-MAKING PROCESSES, TRANSPARENCY, AND ACCOUNTABILITY AS THE PRIMARY WAYS OF WORKING TOGETHER. FORM 990, PART III, 4A: INSTRUCTION, RESEARCH, AND PUBLIC SERVICE: ITHACA COLLEGE IS A PRIVATE, NONSECTARIAN, COEDUCATIONAL LIBERAL ARTS COLLEGE LOCATED IN ITHACA, NEW YORK. THE PRINCETON REVIEW CONSISTENTLY NAMES THE COLLEGE AMONG THE BEST COLLEGES IN THE NATION, WITH "THE BEST 387 COLLEGES: 2022 EDITION" LANDING THE COLLEGE SPOTS ON THREE OF THE "GREAT LISTS" FOR BEST COLLEGE NEWSPAPER, BEST COLLEGE RADIO AND BEST THEATER. IN FALL 2020, THE COLLEGE ENROLLED 4,785 FULL-TIME AND 172 PART-TIME UNDERGRADUATE STUDENTS AS WELL AS 397 GRADUATE STUDENTS. APPROXIMATELY 70% OF THE UNDERGRADUATE STUDENT BODY RESIDES IN ON-CAMPUS HOUSING. FOR THE 2020-2021 ACADEMIC YEAR, THE COLLEGE CONFERRED 1,366 UNDERGRADUATE AND 255 GRADUATE DEGREES, AND EMPLOYED 428 FULL-TIME AND 109 PART-TIME AND ADJUNCT FACULTY. THE COLLEGE OFFERS A CURRICULUM FOR 87 UNDERGRADUATE MAJOR DEGREE PROGRAMS AND 21 GRADUATE MAJOR DEGREE PROGRAMS IN ITS FIVE SCHOOLS, WHILE ALSO OFFERING 78 UNDERGRADUATE MINOR PROGRAMS. ROY H. PARK SCHOOL OF COMMUNICATIONS: THE SCHOOL OF COMMUNICATIONS, RECOGNIZED AS A LEADING UNDERGRADUATE COMMUNICATIONS SCHOOL, IS KNOWN FOR ITS PROMINENT STUDENT-RUN MEDIA VEHICLES, INCLUDING: THE ITHACAN, THE COLLEGE'S OFFICIAL WEEKLY NEWSPAPER; ITHACA COLLEGE TELEVISION; AND THE WICB RADIO STATION. THE SCHOOL ALSO OFFERS THE LOS ANGELES PROGRAM, AN INTERNSHIP-BASED PROGRAM THAT PROVIDES STUDENTS WITH PROFESSIONAL EXPERIENCE IN THEIR CHOSEN FIELD WHILE TAKING INDUSTRY-RELATED COURSES AT THE JAMES B. PENDLETON CENTER, LOCATED MINUTES FROM BURBANK AND HOLLYWOOD. SCHOOL OF BUSINESS: ACCREDITED BY THE ASSOCIATION OF ADVANCE COLLEGIATE SCHOOLS OF BUSINESS (AACSB), THE SCHOOL OF BUSINESS OFFERS A RIGOROUS PROFESSIONAL EDUCATION, OFFERING A RANGE OF UNDERGRADUATE PROGRAMS, CONCENTRATIONS, AND MINORS, AS WELL AS GRADUATE LEVEL AND CERTIFICATE PROGRAMS. STUDENTS PARTICIPATE IN THE PROFESSIONS PROGRAM, A PROFESSIONAL DEVELOPMENT CURRICULUM THAT ALLOWS STUDENTS TO DEVELOP PROGRESSIVE SKILLS AND GAIN EXPERIENCES THAT WILL PREPARE THEM FOR COMPETITIVE INTERNSHIPS AND CAREERS. SCHOOL OF MUSIC: TRACING ITS ROOTS TO THE COLLEGE'S FOUNDING IN 1892 AS A CONSERVATORY OF MUSIC, THE SCHOOL OF MUSIC PROVIDES STATE-OF-THE-ART FACILITIES, FEATURES OVER 25 ENSEMBLES, AND PRESENTS ABOUT 400 PERFORMANCES ANNUALLY. THE SCHOOL IS HOST TO SEVERAL SUMMER MUSIC OPPORTUNITIES TO MUSICIANS OF ALL AGES, INCLUDING THE SUMMER MUSIC ACADEMY AND THE SUMMER PIANO INSTITUTE, AND IS ACCREDITED BY THE NATIONAL ASSOCIATION OF SCHOOLS OF MUSIC. THROUGH THE MUSIC IN THE COMMUNITY PROGRAM, THE SCHOOL CONNECTS STUDENTS WITH THE COMMUNITY BY CREATING PERFORMANCE AND TEACHING OPPORTUNITIES IN THE GREATER ITHACA AREA. SCHOOL OF HUMANITIES & SCIENCES (H&S): A LIBERAL ARTS EDUCATION IN THE SCHOOL OF H&S PREPARES STUDENTS FOR LIFE IN A RAPIDLY CHANGING, MULTICULTURAL, AND GLOBALLY INCLUSIVE WORLD. H&S STUDENTS RECEIVE A BROAD FOUNDATIONAL UNDERSTANDING OF ISSUES FACING THE HUMAN COMMUNITY. STUDENTS BUILD THEIR OWN INTEGRATIVE AND CROSS-DISCIPLINARY VERSION OF AN H&S EDUCATION. THE DEPARTMENT OF THEATRE ARTS DRAWS STUDENTS FROM ACROSS THE UNITED STATES AND THE WORLD, AND IS ACCREDITED BY THE NATIONAL ASSOCIATION OF SCHOOLS OF THEATRE. SCHOOL OF HEALTH SCIENCES AND HUMAN PERFORMANCE (HS&HP): THE SCHOOL OF HS&HP'S STUDENTS TOUCH PEOPLE'S LIVES AS CLINICIANS, THERAPISTS, RESEARCHERS, ADMINISTRATORS, AND SPORT PROFESSIONALS. HS&HP STUDENTS CHOOSE FROM A ROBUST ARRAY OF ORGANIZATIONS ACROSS THE NATION TO ENGAGE IN INTERNSHIPS AND FIELDWORK, AND CAN HELP CLIENTS AT ONE OF FOUR ON-CAMPUS CLINICS. THE SCHOOL OFFERS A RANGE OF UNDERGRADUATE PROGRAMS, AS WELL AS GRADUATE PROGRAMS IN AREAS OF EXERCISE AND SPORT SCIENCES, OCCUPATIONAL THERAPY, PHYSICAL THERAPY, PHYSICIAN ASSISTANT STUDIES AND SPEECH-LANGUAGE PATHOLOGY AND AUDIOLOGY. STUDENTS ARE ENCOURAGED TO PARTICIPATE IN ONE OF THE COLLEGE'S MANY STUDY ABROAD OPPORTUNITIES. THE COLLEGE OPERATES THE ITHACA COLLEGE LONDON CENTER, WHICH IS LOCATED IN THE HEART OF THE ROYAL BOROUGH OF KENSINGTON AND CHELSEA AND IS AMONG THE LONGEST-STANDING STUDY ABROAD PROGRAMS IN LONDON. THE COLLEGE PROVIDES STUDENTS OPPORTUNITIES TO ENGAGE IN EXPERIENTIAL LEARNING THROUGH SCHOLARSHIP, RESEARCH, AND CREATIVE PERFORMANCE WITH FACULTY AND STAFF MEMBERS. RESEARCH IS FUNDED SUBSTANTIALLY BY PRIVATE AND GOVERNMENTAL AGENCIES. DURING THE 2020-2021 ACADEMIC YEAR, FACULTY MEMBERS AND OTHERS ENGAGED IN SPONSORED RESEARCH RECEIVED $1.0 MILLION IN AWARDS FROM EXTERNAL FUNDING AGENCIES. FORM 990, PART III, 4B: AUXILIARY SERVICES: AUXILIARY ENTERPRISES EXIST TO FURNISH GOODS OR SERVICES TO STUDENTS, FACULTY, STAFF, AND OTHER INSTITUTIONAL DEPARTMENTS. AUXILIARY ENTERPRISES ARE MANAGED TO OPERATE AS SELF-SUPPORTING ACTIVITIES. MAJOR AUXILIARY ENTERPRISES AT THE COLLEGE INCLUDE THE FOLLOWING: DINING SERVICES, WHICH OPERATES MULTIPLE RESIDENTIAL AND RETAIL DINING FACILITIES LOCATED THROUGHOUT THE CAMPUS; THE CAMPUS STORE, WHICH PURVEYS TEXTBOOKS, APPAREL, SUPPLIES AND ACCESSORIES; CONFERENCE AND EVENT SERVICES, WHICH PROVIDES A FULL RANGE OF MEETING AND EVENT SERVICES; AND THE HAMMOND HEALTH CENTER, ACCREDITED BY THE ACCREDITATION ASSOCIATION FOR AMBULATORY HEALTH CARE, INC. FORM 990, PART III, 4C: STUDENT SERVICES: STUDENT SERVICES INCLUDES EXPENSES INCURRED FOR OFFICES OF ADMISSIONS AND THE REGISTRAR, STUDENT AID ADMINISTRATION, AND ACTIVITIES WITH THE PRIMARY PURPOSE OF CONTRIBUTING TO STUDENTS' EMOTIONAL AND PHYSICAL WELL-BEING AND INTELLECTUAL, CULTURAL, AND SOCIAL DEVELOPMENT OUTSIDE THE CONTEXT OF THE FORMAL INSTRUCTION PROGRAM. STUDENT SERVICES ALSO INCLUDES THE COLLEGE'S MULTITUDE OF ATHLETICS PROGRAMS. THE COLLEGE'S VARSITY TEAMS COMPETE AT THE DIVISION III LEVEL OF THE NCAA. THE COLLEGE IS ALSO A MEMBER OF THE EASTERN COLLEGE ATHLETIC CONFERENCE AND THE LIBERTY LEAGUE. INTERCOLLEGIATE SPORTS INCLUDE BASEBALL, BASKETBALL, CREW, CROSS COUNTRY RUNNING, FIELD HOCKEY, FOOTBALL, GOLF, GYMNASTICS, LACROSSE, SCULLING, SOCCER, SOFTBALL, SWIMMING & DIVING, TENNIS, TRACK & FIELD, VOLLEYBALL, AND WRESTLING. THE COLLEGE ALSO HAS A LARGE INTRAMURAL SPORTS PROGRAM, IN WHICH APPROXIMATELY 20% OF STUDENTS PARTICIPATE, AND WHICH OFFERS A VARIETY OF SPORTS INCLUDING SOCCER, VOLLEYBALL, FLAG FOOTBALL, AND BASKETBALL, IN ADDITION TO SINGLE DAY EVENTS SUCH AS TENNIS TOURNAMENTS AND BATTLESHIP. THE COLLEGE IS ALSO HOME TO MORE THAN 60 CLUB SPORTS, MANY OF WHICH COMPETE REGULARLY AGAINST OTHER COLLEGES IN LEAGUES AND TOURNAMENTS. STUDENT SERVICES ALSO INCLUDES EXPENSES FOR THE OFFICE OF STUDENT ENGAGEMENT AND MULTICULTURAL AFFAIRS, WHICH PROVIDES THE FIRST-YEAR EXPERIENCE AND ORIENTATION, AND OVERSEES STUDENT ACTIVITIES, MULTICULTURAL EVENTS, AND STUDENT ORGANIZATIONS. THE OFFICE OF CAREER SERVICES, SERVING BOTH STUDENTS AND ALUMNI, PROVIDES CAREER-RELATED EDUCATION, EXPERIENTIAL LEARNING, PROFESSIONAL DEVELOPMENT, AND POST-GRADUATE OPPORTUNITIES FOR THE BENEFIT OF STUDENTS AND ALUMNI. FORM 990, PART VI, SECTION A, LINE 1 INDEPENDENT VOTING MEMBERS BOARD OF TRUSTEES MEMBERS ARE DEEMED TO BE NON-INDEPENDENT IF THEY HAVE A COMPENSATORY RELATIONSHIP WITH THE COLLEGE, EITHER BECAUSE THE INDIVIDUAL RECEIVES W-2 WAGES FROM THE COLLEGE, A FAMILY MEMBER IS EMPLOYED BY THE COLLEGE, OR BECAUSE THE INDIVIDUAL HAS A CONFLICT RELATIONSHIP REQUIRING DISCLOSURE ON SCHEDULE L OF THE FORM 990. THE FOLLOWING SIX INDIVIDUALS HAVE COMPENSATION RELATIONSHIPS WITH THE COLLEGE: KRISTIN R. MUENZEN, MARY GEORGE OPPERMAN, KALENA A. YEARWOOD, CASEY L. KENDALL, BARUCH J. WHITEHEAD, AND SHIRLEY M. COLLADO. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 REVIEW PROCESS THE COLLEGE'S DEPARTMENT OF FINANCIAL SERVICES COMPILES THE UNDERLYING RECORDS AND PREPARES SUPPORTING SCHEDULES USED IN THE PREPARATION OF THE FORM 990. THE COLLEGE USES AN EXTERNAL TAX SERVICE PROVIDER TO PREPARE AND REVIEW THE FORM 990. THE VICE PRESIDENT OF FINANCE AND ADMINISTRATION AND OTHER KNOWLEDGEABLE PERSONS REVIEW THE FORM 990 PRIOR TO SUBMITTING THE FORM 990 TO THE BOARD OF TRUSTEES FOR REVIEW. THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES ENGAGES IN AN ADDITIONAL REVIEW OF THE FORM 990 WITH THE EXTERNAL TAX SERVICE PROVIDER AND PERSONS FROM THE COLLEGE'S OFFICE OF BUSINESS AND FINANCE. THE FULL BOARD OF TRUSTEESS RECEIVES A COMPLETE COPY OF THE FORM 990 PRIOR TO FILING THE FORM. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST POLICY ALL TRUSTEES AND SENIOR MANAGEMENT COMPLETE ANNUAL CONFLICT OF INTEREST FORMS. THE FORMS ARE SUBMITTED TO THE SECRETARY OF THE BOARD AND ALL DISCLOSED CONFLICTS ARE FORWARDED TO THE CHAIR OF THE AUDIT COMMITTEE FOR REVIEW AND ON-GOING MONITORING. FORM 990, PART VI, SECTION B, LINE 15 PROCESS FOR DETERMINING EXECUTIVE COMPENSATION FOR TOP MANAGEMENT OFFICIALS - THE GOVERNANCE & COMPENSATION/ASSESSMENT COMMITTEE ANNUALLY COLLECTS COMPARABILITY DATA TO BE USED IN ESTABLISHING PRESIDENTIAL COMPENSATION. THIS DATA IS GATHERED USING THE ASSISTANCE OF NON-INTERESTED PARTIES INCLUDING EXTERNAL CONSULTANTS AND THE COLLEGE'S OFFICE OF HUMAN RESOURCES. THE GOVERNANCE & COMPENSATION/ASSESSMENT COMMITTEE MAKES A RECOMMENDATION TO THE EXECUTIVE COMMITTEE FOR THEIR REVIEW. THE EXECUTIVE COMMITTEE REPORTS TO THE FULL BOARD OF TRUSTEES THE DETAILS OF THE REVIEW. THE FULL BOARD HAS FINAL APPROVAL OF COMPENSATION. FOR OTHER OFFICERS AND KEY EMPLOYEES - HUMAN RESOURCES OBTAINS COMPARABILITY DATA ON COMPENSATION WHICH IS SHARED WITH THE PRESIDENT. THE PRESIDENT REVIEWS THE DATA AND COMPENSATION WITH THE GOVERNANCE & COMPENSATION/ASSESSMENT COMMITTEE. THE PRESIDENT ANNUALLY REVIEWS THE COMPENSATION POLICIES FOR OFFICERS OF THE COLLEGE. FORM 990, PART VI, SECTION C, LINE 19 MAKING ORGANIZATIONAL DOCUMENTS AVAILABLE TO THE PUBLIC THE PUBLIC MAY ACCESS THE COLLEGE'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS BY VISITING THE COLLEGE'S WEBSITE OR BY CONTACTING THE OFFICE OF THE VICE PRESIDENT OF FINANCE ADMINISTRATION AT THE CONTACT INFORMATION DISCLOSED IN PART VI SECTION C LINE 20. THE COLLEGE MAKES ITS IRS DETERMINATION LETTER CONFIRMING ITS TAX-EXEMPT STATUS AVAILABLE TO THE PUBLIC AT ITS PLACE OF BUSINESS UPON REQUEST IN LIEU OF THE FORM 1023 WHICH IS NO LONGER AVAILABLE. FORM 990, PART XI, LINE 9: POSTRETIREMENT BENEFITS GAIN OTHER THAN NET PERIODIC BENEFIT COST 4,419,768. ADJUSTMENT TO LIABILITIES FOR PERKINS LOAN PROGRAM 28,782. ADJUSTMENT TO LIABILITIES FOR GATE LOAN PROGRAM -48,482. ADJUSTMENT TO LIABILITIES FOR SELF-INSURED HEALTH CARE 716,328. ADJUSTMENT TO LIABILITIES FOR OTHER EMPLOYEE BENEFITS 102,384. CHANGE IN VALUATION OF CHARITABLE GIVING ANNUITY AGREEMENTS -110,514. CHANGE IN FAIR VALUE OF INTEREST RATE SWAP AGREEMENTS 567,427.