UNIVERSITY OF MOUNT SAINT VINCENT: Form 990, tax year 2020
View the entire original 990 at ProPublica ↗
- Organization
- UNIVERSITY OF MOUNT SAINT VINCENT (EIN 13-1740445)
- Tax period
- 2020-07-01 to 2021-06-30
- Filed
- 2022-05-11
- IRS object ID
- 202241319349300009
- Schema version
- 2020v4.2
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule C
- Schedule D
- Schedule E
- Schedule F
- Schedule I
- Schedule J
- Schedule K
- Schedule M
- Schedule O
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2022-05-11T07:56:23-05:00 | ReturnTs |
| Tax Period End | 2021-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 366055558 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | GRANT THORNTON LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 757 THIRD AVE 3RD FLOOR | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 100172013 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2020-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 131740445 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | COLLEGE OF MT ST VINCENT | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | COLL | BusinessNameControlTxt |
| Phone | 7184053200 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 6301 RIVERDALE AVENUE | AddressLine1Txt |
| City | RIVERDALE | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10471 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | ABED ELKESHK | PersonNm |
| Person Title | SEVP, TREASURER & CFO | PersonTitleTxt |
| Phone | 7184053200 | PhoneNum |
| Signature | 2021-10-28 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | ABED | PersonFirstNm |
| Person Last | ELKESHK | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | XXX-XX-XXXX | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | DANIEL ROMANO | PreparerPersonNm |
| PTIN | P00504182 | PTIN |
| Phone | 2125990100 | PhoneNum |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 3 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2020 | TaxYr |
| Build TS | 2022-09-23 18:48:47Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | SUSAN R BURNS - PRESIDENT | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 6301 RIVERDALE AVENUE | AddressLine1Txt |
| City | RIVERDALE | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10471 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $108,757,940 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.MOUNTSAINTVINCENT.EDU | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1847 | FormationYr |
| Legal Domicile State | NY | LegalDomicileStateCd |
| Activity Or Mission | FOUNDED BY THE SISTERS OF CHARITY OF NEW YORK, THE COLLEGE OF MOUNT (CONTINUED ON SCHEDULE O). SAINT VINCENT IS AN ACADEMICALLY EXCELLENT, AUTHENTICALLY INCLUSIVE, CATHOLIC AND ECUMENICAL LIBERAL ARTS COLLEGE. | ActivityOrMissionDesc |
| Voting Members Governing Body | 32 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 31 | VotingMembersIndependentCnt |
| Total Employee | 1074 | TotalEmployeeCnt |
| Total Volunteers | 0 | TotalVolunteersCnt |
| Total Gross UBI | $23,243 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $16,565 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $14,665,768 | PYContributionsGrantsAmt |
| CY Contributions Grants | $6,970,353 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $86,008,612 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $94,510,599 | CYProgramServiceRevenueAmt |
| PY Investment Income | $192,319 | PYInvestmentIncomeAmt |
| CY Investment Income | $1,510,431 | CYInvestmentIncomeAmt |
| PY Other Revenue | $637,790 | PYOtherRevenueAmt |
| CY Other Revenue | $450,683 | CYOtherRevenueAmt |
| PY Total Revenue | $101,504,489 | PYTotalRevenueAmt |
| CY Total Revenue | $103,442,066 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $40,454,610 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $39,644,320 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $29,711,768 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $32,385,725 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $1,207,501 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $22,299,465 | PYOtherExpensesAmt |
| CY Other Expenses | $27,184,276 | CYOtherExpensesAmt |
| PY Total Expenses | $92,465,843 | PYTotalExpensesAmt |
| CY Total Expenses | $99,214,321 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $9,038,646 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $4,227,745 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $129,835,108 | TotalAssetsBOYAmt |
| Total Assets EOY | $148,286,714 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $47,481,853 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $53,659,731 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $82,353,255 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $94,626,983 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | FOUNDED BY THE SISTERS OF CHARITY OF NEW YORK, THE COLLEGE OF MOUNT SAINT VINCENT IS AN ACADEMICALLY EXCELLENT, AUTHENTICALLY INCLUSIVE, CATHOLIC AND ECUMENICAL LIBERAL ARTS COLLEGE. (CONT. IN SCH.O) | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $87,696,325 | ExpenseAmt |
| Grant | $39,644,320 | GrantAmt |
| Revenue | $94,510,599 | RevenueAmt |
| Desc | COLLEGE OF MOUNT SAINT VINCENT IS A SCHOOL OF HIGHER EDUCATIONFORMED IN THE CATHOLIC TRADITION, BUT NONSECTARIAN. WE HAVE ADIVERSE STUDENT POPULATION BOTH ETHNICALLY AND ECONOMICALLY. WEOFFER 3 ASSOCIATE, 27 BACCALAUREATE, AND 9 GRADUATE MAJORS. WEAWARD B.A. AND B.S. DEGREES ON THE UNDERGRADUATE LEVEL. INADDITION, WE AWARD M.S. AND M.B.A. DEGREES ON THE GRADUATE LEVEL.(CONT. IN SCH.O) | Desc |
| Total Program Service Expenses | $87,696,325 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | Yes (1) | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | Yes (1) | CollectionsOfArtInd |
| Credit Counseling | Yes (1) | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | Yes (1) | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | Yes (1) | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (1) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (1) | ConsolidatedAuditFinclStmtInd |
| School Operating | Yes (1) | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | Yes (1) | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (1) | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | Yes (1) | TaxExemptBondsInd |
| Invest Tax Exempt Bonds | 0 | InvestTaxExemptBondsInd |
| Escrow Account | 0 | EscrowAccountInd |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuerInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | Yes (1) | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | 0 | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 66 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 1074 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (1) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (1) | Form990TFiledInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 32 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 31 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | 0 | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SAMUEL SOLA | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 7184053200 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 6301 RIVERDALE AVE | AddressLine1Txt |
| City | RIVERDALE | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10471 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (43 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Key EmployeeKeyEmployeeInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd | Former Ofcr Director TrusteeFormerOfcrDirectorTrusteeInd |
|---|---|---|---|---|---|---|---|---|---|---|
| CHARLES L FLYNN | ||||||||||
| PRESIDENT (THRU 12/2020) | 40.00 | 0.00 | Yes (X) | Yes (X) | $373,203 | $0 | $50,576 | |||
| SUSAN R BURNS | ||||||||||
| PRESIDENT (AS OF 01/2021) | 40.00 | 0.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |||
| STEVEN HAYES | ||||||||||
| CHAIR | 1.00 | 0.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |||
| DONNA DODGE SC | ||||||||||
| VICE CHAIR | 1.00 | 0.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |||
| STEFANO ACUNTO | ||||||||||
| SECRETARY | 1.00 | 0.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |||
| ROSEMARY BERKERY | ||||||||||
| TRUSTEE (THRU 12/2020) | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| PAULA MARIE BULEY IHM | ||||||||||
| TRUSTEE | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| JOHN CARUSO | ||||||||||
| TRUSTEE | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| VITA CASSESE | ||||||||||
| TRUSTEE | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| GAIL CIVILLE | ||||||||||
| TRUSTEE | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| CRISTOBOL CONDE | ||||||||||
| TRUSTEE | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| BRENDA CRANDELL | ||||||||||
| TRUSTEE | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| NOREEN CULHANE | ||||||||||
| TRUSTEE | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| REGINA CUNNINGHAM | ||||||||||
| TRUSTEE | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| PETER DENUNZIO | ||||||||||
| TRUSTEE | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| SUSAN DIDONATO | ||||||||||
| TRUSTEE | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| BARBARA DOTY | ||||||||||
| TRUSTEE | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| DEBORAH J HAMILTON | ||||||||||
| TRUSTEE | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| MAUREEN HENEGAN | ||||||||||
| TRUSTEE | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| ANITA KERR | ||||||||||
| TRUSTEE | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| DOLLY LENZ | ||||||||||
| TRUSTEE | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| ROBERT LORENZO | ||||||||||
| TRUSTEE | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| MARY BETH MALONE | ||||||||||
| TRUSTEE | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| STEPHEN MANZI | ||||||||||
| TRUSTEE | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| MAURA MARKUS | ||||||||||
| TRUSTEE | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| CATHY MARTINE | ||||||||||
| TRUSTEE | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| STEVEN MENZIES | ||||||||||
| TRUSTEE | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| PAUL MOURNING | ||||||||||
| TRUSTEE | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| PAMELA NEWMAN | ||||||||||
| TRUSTEE | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| MARGARET O'BRIEN SC | ||||||||||
| TRUSTEE | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| DOMINICA ROCCHIO SC | ||||||||||
| TRUSTEE | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| JOAN M SQUIRES | ||||||||||
| TRUSTEE EMERITUS | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| ELIZABETH VERMAELEN SC | ||||||||||
| TRUSTEE | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| JOAN D WALSH | ||||||||||
| TRUSTEE | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| SUSAN L WHITNEY | ||||||||||
| TRUSTEE | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| ABED ELKESHK | ||||||||||
| SENIOR EVP, TREASURER & CFO | 40.00 | 0.00 | Yes (X) | $203,017 | $0 | $27,530 | ||||
| LYNNE TOWMEY | ||||||||||
| PROVOST | 40.00 | 0.00 | $191,049 | $0 | $7,642 | Yes (X) | ||||
| MADELEINE MELKONIAN | ||||||||||
| SVP/ADMISSION & EXT. RELATION | 40.00 | 0.00 | $196,833 | $0 | $41,173 | Yes (X) | ||||
| KEVIN DEGROAT | ||||||||||
| VP FOR OPERATIONS | 40.00 | 0.00 | $166,657 | $0 | $51,841 | Yes (X) | ||||
| JAMES BURKEE | ||||||||||
| VP FOR STRATEGIC INITIATIVES | 40.00 | 0.00 | $164,536 | $0 | $15,010 | Yes (X) | ||||
| W ADAM WICHERN | ||||||||||
| VP INFO. AND TECH./CIO | 40.00 | 0.00 | $153,388 | $0 | $22,939 | Yes (X) | ||||
| COLETTE ATKINS | ||||||||||
| VP/INSTITUTIONAL ADVANCEMENT | 40.00 | 0.00 | $142,194 | $0 | $20,572 | Yes (X) | ||||
| SARAH STEVENSON | ||||||||||
| FORMER PROVOST | 40.00 | 0.00 | $150,974 | $0 | $56,281 | Yes (X) | ||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $1,741,851 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $293,564 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 32 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | Yes (1) | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| AUGUST CONSTRUCTION GROUP INC | |||||
| 311 MCLEAN AVENUE | YONKERS | NY | 10705 | CONSTRUCTION | $5,595,611 |
| GRIFFITH CONSTRUCTION CORP | |||||
| 439 VICTOR WAY | WYCKOFF | NJ | 07481 | CONSTRUCTION | $1,958,529 |
| ASSESSMENT TECHNOLOGIES INSTITUTE LLC | |||||
| 62277 COLLECTIONS CTR DR | CHICAGO | IL | 60693 | TEST PREPARATION | $1,030,416 |
| EAB | |||||
| 2445 M STREET NW | WASHINGTON | DC | 20037 | STUDENT MARKETING | $825,756 |
| DIAMOND BUILDERS GROUP | |||||
| 28 JAMES WILKINSON ROAD | ROCK TAVERN | NY | 12575 | CONSTRUCTION | $758,717 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 20 | CntrctRcvdGreaterThan100KCnt |
| Government Grants | $4,773,559 | GovernmentGrantsAmt |
| All Other Contributions | $2,196,794 | AllOtherContributionsAmt |
| Noncash Contributions | $468,504 | NoncashContributionsAmt |
| Total Contributions | $6,970,353 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| TUITION & FEES | 611710 | $85,466,608 | $85,466,608 |
| ROOM & BOARD | 611710 | $9,043,991 | $9,043,991 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $94,510,599 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $305,051 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | $23,243 | UnrelatedBusinessRevenueAmt |
| Exclusion | $281,808 | ExclusionAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $292,566 | RealAmt |
Less Rental Expenses LessRentalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $0 | RealAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $292,566 | RealAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $292,566 | TotalRevenueColumnAmt |
| Exclusion | $292,566 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $6,244,478 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $5,039,098 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $1,205,380 | SecuritiesAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,205,380 | TotalRevenueColumnAmt |
| Exclusion | $1,205,380 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | $178,191 | GrossSalesOfInventoryAmt |
| Cost Of Goods Sold | $276,776 | CostOfGoodsSoldAmt |
Net Income Or Loss NetIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$98,585 | TotalRevenueColumnAmt |
| Exclusion | -$98,585 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | ExclusionExclusionAmt |
|---|---|---|---|
| REBATE INCOME | 900099 | $21,229 | $21,229 |
| OTHER AUX. REVENUE | 900099 | $19,023 | $19,023 |
Miscellaneous Revenue MiscellaneousRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $216,450 | TotalRevenueColumnAmt |
| Exclusion | $216,450 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $256,702 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $103,442,066 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $94,510,599 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $23,243 | UnrelatedBusinessRevenueAmt |
| Exclusion | $1,937,871 | ExclusionAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $39,644,320 | TotalAmt |
| Program Services | $39,644,320 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $789,967 | TotalAmt |
| Program Services | $236,917 | ProgramServicesAmt |
| Management And General | $553,050 | ManagementAndGeneralAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $25,554,762 | TotalAmt |
| Program Services | $19,378,613 | ProgramServicesAmt |
| Management And General | $5,643,855 | ManagementAndGeneralAmt |
| Fundraising | $532,294 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $603,820 | TotalAmt |
| Program Services | $463,880 | ProgramServicesAmt |
| Management And General | $125,268 | ManagementAndGeneralAmt |
| Fundraising | $14,672 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,558,678 | TotalAmt |
| Program Services | $2,663,017 | ProgramServicesAmt |
| Management And General | $811,548 | ManagementAndGeneralAmt |
| Fundraising | $84,113 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,878,498 | TotalAmt |
| Program Services | $1,404,793 | ProgramServicesAmt |
| Management And General | $429,566 | ManagementAndGeneralAmt |
| Fundraising | $44,139 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $497,492 | TotalAmt |
| Management And General | $497,492 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $362,744 | TotalAmt |
| Management And General | $362,744 | ManagementAndGeneralAmt |
Fees For Services Lobbying FeesForServicesLobbyingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $499 | TotalAmt |
| Management And General | $499 | ManagementAndGeneralAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $83,107 | TotalAmt |
| Management And General | $83,107 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $484,912 | TotalAmt |
| Program Services | $236,281 | ProgramServicesAmt |
| Management And General | $137,013 | ManagementAndGeneralAmt |
| Fundraising | $111,618 | FundraisingAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $206,038 | TotalAmt |
| Management And General | $205,351 | ManagementAndGeneralAmt |
| Fundraising | $687 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,233,952 | TotalAmt |
| Program Services | $706,994 | ProgramServicesAmt |
| Management And General | $345,771 | ManagementAndGeneralAmt |
| Fundraising | $181,187 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,068,492 | TotalAmt |
| Program Services | $60,865 | ProgramServicesAmt |
| Management And General | $1,007,627 | ManagementAndGeneralAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,784,163 | TotalAmt |
| Program Services | $9,062 | ProgramServicesAmt |
| Management And General | $2,775,101 | ManagementAndGeneralAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $175,008 | TotalAmt |
| Program Services | $167,655 | ProgramServicesAmt |
| Management And General | $7,353 | ManagementAndGeneralAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $32,805 | TotalAmt |
| Program Services | $30,077 | ProgramServicesAmt |
| Management And General | $2,728 | ManagementAndGeneralAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,195,343 | TotalAmt |
| Management And General | $1,195,343 | ManagementAndGeneralAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,845,689 | TotalAmt |
| Program Services | $5,444,355 | ProgramServicesAmt |
| Management And General | $401,334 | ManagementAndGeneralAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $873,290 | TotalAmt |
| Management And General | $873,290 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| CONTRACTUAL SERVICES | $9,222,225 | $6,212,768 | $2,975,503 | $33,954 |
| FOOD SERVICE | $1,183,841 | $1,089,572 | $55,457 | $38,812 |
| BAD DEBT | $280,049 | $280,049 | ||
| ALLOCATED INDIRECT EXP. | $0 | $8,655,028 | -$8,778,770 | $123,742 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,654,627 | TotalAmt |
| Program Services | $1,292,128 | ProgramServicesAmt |
| Management And General | $320,216 | ManagementAndGeneralAmt |
| Fundraising | $42,283 | FundraisingAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $99,214,321 | TotalAmt |
| Program Services | $87,696,325 | ProgramServicesAmt |
| Management And General | $10,310,495 | ManagementAndGeneralAmt |
| Fundraising | $1,207,501 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $11,261 | BOYAmt |
| EOY | $16,205 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $16,232,062 | BOYAmt |
| EOY | $16,039,142 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,877,128 | BOYAmt |
| EOY | $2,873,551 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,922,057 | BOYAmt |
| EOY | $3,164,606 | EOYAmt |
Receivables From Officers Etc ReceivablesFromOfficersEtcGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
Rcvbl From Disqualified Prsn RcvblFromDisqualifiedPrsnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $623,784 | BOYAmt |
| EOY | $601,773 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $202,809 | BOYAmt |
| EOY | $140,474 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $213,632 | BOYAmt |
| EOY | $213,632 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $154,333,906 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $79,037,598 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $70,803,733 | BOYAmt |
| EOY | $75,296,308 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $13,293,438 | BOYAmt |
| EOY | $17,304,822 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $19,720,517 | BOYAmt |
| EOY | $26,989,695 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $934,687 | BOYAmt |
| EOY | $5,646,506 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $129,835,108 | BOYAmt |
| EOY | $148,286,714 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,659,429 | BOYAmt |
| EOY | $2,961,653 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,990,523 | BOYAmt |
| EOY | $9,508,463 | EOYAmt |
Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $22,036,765 | BOYAmt |
| EOY | $20,187,996 | EOYAmt |
Escrow Account Liability EscrowAccountLiabilityGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $499,828 | BOYAmt |
| EOY | $581,419 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $14,220,000 | BOYAmt |
| EOY | $13,525,000 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,075,308 | BOYAmt |
| EOY | $6,895,200 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $47,481,853 | BOYAmt |
| EOY | $53,659,731 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $51,212,378 | BOYAmt |
| EOY | $56,769,539 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $31,140,877 | BOYAmt |
| EOY | $37,857,444 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $82,353,255 | BOYAmt |
| EOY | $94,626,983 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $129,835,108 | BOYAmt |
| EOY | $148,286,714 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | $4,227,745 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $8,045,983 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | $0 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | Yes (1) | FederalGrantAuditRequiredInd |
| Federal Grant Audit Performed | Yes (1) | FederalGrantAuditPerformedInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School | Yes (X) | SchoolInd |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $6,326,065 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $5,294,436 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $4,598,040 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $14,665,768 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $6,970,353 | CurrentTaxYearAmt |
| Total | $37,854,662 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $6,326,065 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $5,294,436 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $4,598,040 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $14,665,768 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $6,970,353 | CurrentTaxYearAmt |
| Total | $37,854,662 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $6,662,647 | SubstantialContributorsTotAmt |
| Public Support Total170 | $31,192,015 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $1,090,062 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $924,767 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $852,927 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $517,899 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $574,374 | CurrentTaxYearAmt |
| Total | $3,960,029 | TotalAmt |
Unrelated Business Net Incm170 UnrelatedBusinessNetIncm170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus3 Years | $1,043 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus1 Year | $12,304 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $17,565 | CurrentTaxYearAmt |
| Total | $30,912 | TotalAmt |
Other Income170 OtherIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $1,233,418 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $1,508,818 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $625,905 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $784,070 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $434,893 | CurrentTaxYearAmt |
| Total | $4,587,104 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $46,432,707 | TotalSupportAmt |
| Gross Receipts Rltd Activities | $377,052,835 | GrossReceiptsRltdActivitiesAmt |
| Public Support CY170 | 0.67180 | PublicSupportCY170Pct |
| Public Support PY170 | 0.63880 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Form990 Schedule A Part VI Form990ScheduleAPartVIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: | FormAndLineReferenceDesc |
| Explanation | GROSS SALE OF INVENTORY - 2016 AMOUNT: $ 73,799. 2017 AMOUNT: $ 83,504. 2018 AMOUNT: $ 77,210. 2019 AMOUNT: $ 147,660. 2020 AMOUNT: $ 178,191. INVESTMENT AMORTIZATION - 2016 AMOUNT: $ 305,085. 2017 AMOUNT: $ 305,085. 2018 AMOUNT: $ 0. 2019 AMOUNT: $ 0. 2020 AMOUNT: $ 0. GROSS FUNDRAISING - 2016 AMOUNT: $ 416,425. 2017 AMOUNT: $ 402,090. 2018 AMOUNT: $ 0. 2019 AMOUNT: $ 113,641. 2020 AMOUNT: $ 0. REBATE INCOME - 2016 AMOUNT: $ 178,367. 2017 AMOUNT: $ 285,151. 2018 AMOUNT: $ 44,872. 2019 AMOUNT: $ 72,801. 2020 AMOUNT: $ 21,229. OTHER AUX REVENUE - 2016 AMOUNT: $ 106,594. 2017 AMOUNT: $ 177,864. 2018 AMOUNT: $ 150,865. 2019 AMOUNT: $ 63,127. 2020 AMOUNT: $ 19,023. OTHER REVENUE - 2016 AMOUNT: $ 153,148. 2017 AMOUNT: $ 255,124. 2018 AMOUNT: $ 352,958. 2019 AMOUNT: $ 386,841. 2020 AMOUNT: $ 216,450. | ExplanationTxt |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule C IRS990ScheduleC
| Field | Value | IRS element (for citing) |
|---|---|---|
| Volunteers | 0 | VolunteersInd |
| Paid Staff Or Management | 0 | PaidStaffOrManagementInd |
| Media Advertisements | 0 | MediaAdvertisementsInd |
| Mailings Members | 0 | MailingsMembersInd |
| Publications Or Broadcast | 0 | PublicationsOrBroadcastInd |
| Grants Other Organizations | 0 | GrantsOtherOrganizationsInd |
| Direct Contact Legislators | 0 | DirectContactLegislatorsInd |
| Rallies Demonstrations | 0 | RalliesDemonstrationsInd |
| Other Activities | Yes (1) | OtherActivitiesInd |
| Other Activities | $499 | OtherActivitiesAmt |
| Total Lobbying Expenditures | $499 | TotalLobbyingExpendituresAmt |
| Not Described Section501c3 | 0 | NotDescribedSection501c3Ind |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART II-B, LINE 1: | FormAndLineReferenceDesc |
| Explanation | LOBBYING EXPENSE THE COLLEGE IS A MEMBER OF THE NATIONAL ASSOCIATION OF INDEPENDENT COLLEGES AND UNIVERSITIES (NAICU) THAT PROMOTES THE NEEDS OF HIGHER EDUCATION AND PROVIDES INFORMATION TO THE INDUSTRY. THE ASSOCIATION PROVIDES AN ALLOCATION OF THE ANNUAL DUES TO LOBBYING EFFORTS. SEVEN PERCENT OF THE ANNUAL DUES ARE USED FOR LOBBYING EFFORTS. THE PORTION OF ANNUAL DUES INVOLVED IN LOBBYING ACTIVITIES IS NEGLIGIBLE TO THE COLLEGE. THIS REPRESENTS THE ONLY LOBBYING ACTIVITIES OF THE COLLEGE. | ExplanationTxt |
Schedule D IRS990ScheduleD
Art Public Exhibition Amounts ArtPublicExhibitionAmountsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Assets Included | $43,405 | AssetsIncludedAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Collection Used Pub Exhibition | Yes (X) | CollectionUsedPubExhibitionInd |
| Solicited Assets Sale | 0 | SolicitedAssetsSaleInd |
| Agent Trustee Etc | 0 | AgentTrusteeEtcInd |
| Incl Escrow Custodial Acct Liab | Yes (1) | InclEscrowCustodialAcctLiabInd |
| Explanation Provided | Yes (X) | ExplanationProvidedInd |
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $36,225,313 | BeginningYearBalanceAmt |
| Contributions | $1,823,733 | ContributionsAmt |
| Investment Earnings Or Losses | $9,554,559 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $970,611 | GrantsOrScholarshipsAmt |
| Other Expenditures | $19,908 | OtherExpendituresAmt |
| End Year Balance | $46,613,086 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $26,684,969 | BeginningYearBalanceAmt |
| Contributions | $8,718,574 | ContributionsAmt |
| Investment Earnings Or Losses | $1,644,186 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $806,020 | GrantsOrScholarshipsAmt |
| Other Expenditures | $16,396 | OtherExpendituresAmt |
| End Year Balance | $36,225,313 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $24,516,412 | BeginningYearBalanceAmt |
| Contributions | $1,407,514 | ContributionsAmt |
| Investment Earnings Or Losses | $1,455,502 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $680,342 | GrantsOrScholarshipsAmt |
| Other Expenditures | $14,117 | OtherExpendituresAmt |
| End Year Balance | $26,684,969 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $21,950,437 | BeginningYearBalanceAmt |
| Contributions | $1,597,214 | ContributionsAmt |
| Investment Earnings Or Losses | $1,561,010 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $413,944 | GrantsOrScholarshipsAmt |
| Other Expenditures | $178,305 | OtherExpendituresAmt |
| End Year Balance | $24,516,412 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $17,395,110 | BeginningYearBalanceAmt |
| Contributions | $1,984,300 | ContributionsAmt |
| Investment Earnings Or Losses | $2,701,198 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $0 | GrantsOrScholarshipsAmt |
| Other Expenditures | $130,171 | OtherExpendituresAmt |
| End Year Balance | $21,950,437 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated Balance EOY | 0.25390 | BoardDesignatedBalanceEOYPct |
| Prmnnt Endowment Balance EOY | 0.56450 | PrmnntEndowmentBalanceEOYPct |
| Term Endowment Balance EOY | 0.18160 | TermEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | 0 | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | 0 | EndowmentsHeldRelatedOrgInd |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $2,009,990 | OtherCostOrOtherBasisAmt |
| Book Value | $2,009,990 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $103,913,205 | OtherCostOrOtherBasisAmt |
| Depreciation | $50,529,426 | DepreciationAmt |
| Book Value | $53,383,779 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $20,292,202 | OtherCostOrOtherBasisAmt |
| Depreciation | $18,112,590 | DepreciationAmt |
| Book Value | $2,179,612 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $28,118,509 | OtherCostOrOtherBasisAmt |
| Depreciation | $10,395,582 | DepreciationAmt |
| Book Value | $17,722,927 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $75,296,308 | TotalBookValueLandBuildingsAmt |
Other Securities OtherSecuritiesGrp (2 entries)
| DescDesc | Book ValueBookValueAmt | Method ValuationMethodValuationCd |
|---|---|---|
| ALTERNATIVE INVESTMENTS | $26,829,286 | F |
| TRUSTS | $160,409 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Securities | $26,989,695 | TotalBookValueSecuritiesAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (3 entries)
| DescDesc | AmtAmt |
|---|---|
| U.S. GOV'T GRANTS REFUNDABLE | $250,326 |
| CONDITIONAL ASSET RETIREMENT | $1,803,793 |
| OPERATING LEASE LIABILITY | $4,841,081 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $6,895,200 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $75,249,765 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | $8,045,983 | NetUnrealizedGainsInvstAmt |
| Donated Services And Use Fclts | $53,811 | DonatedServicesAndUseFcltsAmt |
| Other Revenue | -$36,292,095 | OtherRevenueAmt |
| Revenue Not Reported | -$28,192,301 | RevenueNotReportedAmt |
| Revenue Subtotal | $103,442,066 | RevenueSubtotalAmt |
| Revenue Not Reported Fincl Stmt | $0 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $103,442,066 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $62,976,037 | TotExpnsEtcAuditedFinclStmtAmt |
| Donated Services Use Fclts | $53,811 | DonatedServicesUseFcltsAmt |
| Other Expenses Included | $276,776 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $330,587 | ExpensesNotReportedAmt |
| Expenses Subtotal | $62,645,450 | ExpensesSubtotalAmt |
| Other Expenses Not Included | $36,568,871 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $36,568,871 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $99,214,321 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (7 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART III, LINE 4: | COLLECTIONS OF ART THE COLLEGE MAINTAINS VARIOUS PIECES OF ART FOR DISPLAY THROUGHOUT THE CAMPUS; THIS ARTWORK ENHANCES STUDENT AND FACULTY APPRECIATION OF FINE ART WHILE SIMULTANEOUSLY IMPROVING THE AESTHETICS OF THE COLLEGE CAMPUS. |
| PART IV, LINE 2B: | TRUST, ESCROW AND CUSTODIAL ARRANGEMENTS THE COLLEGE HOLDS CUSTODIAL ACCOUNTS ON BEHALF OF ITS MATRICULATING STUDENTS. THESE FUNDS ARE ULTIMATELY USED TO FINANCE STUDENT ACTIVITIES, DINING FACILITIES, CLUBS AND OTHER PROGRAMS. THIS ACCOUNT IS REPORTED ON THE COLLEGE'S FINANCIAL STATEMENTS AND IS REPORTED ON PART X, LINE 21. DURING FISCAL 2012, THE COLLEGE ENTERED INTO AN AGREEMENT WITH A THIRD-PARTY ORGANIZATION THAT WILL FUND AN INVESTMENT IN CAPITAL IMPROVEMENTS TO THE COLLEGE'S DINING SERVICE FACILITY IN A SUM NOT TO EXCEED $5,000,000. THE INVESTMENT IS AMORTIZED ON A STRAIGHT-LINE BASIS, WHICH COMMENCED OCTOBER 2012 THROUGH JUNE 2027, AS THE COLLEGE HOLDS TITLE TO SUCH IMPROVEMENTS. IF THE AGREEMENT EXPIRES OR IS TERMINATED FOR ANY REASON PRIOR TO THE FULL AMORTIZATION, THE COLLEGE IS LIABLE FOR THE UNAMORTIZED PORTION OF THE INVESTMENT. THE COLLEGE RECEIVED THE FIRST INSTALLMENT OF $2 MILLION IN FISCAL 2012 AND AN ADDITIONAL $2.5 MILLION IN FISCAL 2013. THIS ACCOUNT IS REPORTED ON THE COLLEGE'S FINANCIAL STATEMENTS AND IS REPORTED ON PART X, LINE 21. IN AUGUST 2018, THE COLLEGE TERMINATED ITS CONTRACT WITH THE THIRD-PARTY ORGANIZATION. AS A RESULT, THE UNAMORTIZED PORTION OF THE INVESTMENT IN CAPITAL IMPROVEMENTS WAS PAID BACK TO THE THIRD-PARTY ORGANIZATION. THEREFORE, THERE IS NO ACCOUNT BALANCE ON JUNE 30, 2021. |
| PART V, LINE 4: | ENDOWMENT FUNDS THE COLLEGE'S ENDOWMENT FUND IS INTENDED TO SUPPORT THE COLLEGE'S EDUCATIONAL MISSION THROUGH SCHOLARSHIPS AND EDUCATIONAL PROGRAMS. |
| PART X, LINE 2: | FIN 48 CMSV HAS BEEN RECOGNIZED AS A PUBLIC CHARITY GENERALLY EXEMPT FROM FEDERAL INCOME TAXATION UNDER PROVISIONS OF SECTION 501(A) AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (THE "CODE") OF 1986, AS AMENDED. THE COLLEGE IS SUBJECT TO TAX ON INCOME UNRELATED TO ITS EXEMPT PURPOSE, UNLESS THAT INCOME IS OTHERWISE EXCLUDED BY THE CODE. CMSV 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. CMSV 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 INCOME 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 TAX YEARS ENDED JUNE 30, 2021, 2020, 2019 AND 2018 ARE STILL OPEN TO AUDIT FOR BOTH FEDERAL AND STATE PURPOSES. CMSV HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION OR DISCLOSURE IN ITS FINANCIAL STATEMENTS FOR THE YEARS ENDED JUNE 30, 2021 AND 2020. |
| PART XI, LINE 2D - OTHER ADJUSTMENTS: | SCHOLARSHIP EXPENSE -36,568,871. COST OF GOODS SOLD 276,776. |
| PART XII, LINE 2D - OTHER ADJUSTMENTS: | COST OF GOODS SOLD 276,776. |
| PART XII, LINE 4B - OTHER ADJUSTMENTS: | SCHOLARSHIP EXPENSE 36,568,871. |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | Yes (1) | NondiscriminatoryPolicyStmtInd |
| Policy Stmt In Brochures Etc | Yes (1) | PolicyStmtInBrochuresEtcInd |
| Plcy Pblczd Via Broadcast Media | Yes (1) | PlcyPblczdViaBroadcastMediaInd |
| Maintain Racial Comp Recs | Yes (1) | MaintainRacialCompRecsInd |
| Maintain Scholarships Recs | Yes (1) | MaintainScholarshipsRecsInd |
| Maintain Cpy Of Brochures Etc | Yes (1) | MaintainCpyOfBrochuresEtcInd |
| Maintain Cpy Of All Sol | Yes (1) | MaintainCpyOfAllSolInd |
| Discriminate Race Stdnts Rghts | 0 | DiscriminateRaceStdntsRghtsInd |
| Discriminate Race Admiss Plcy | 0 | DiscriminateRaceAdmissPlcyInd |
| Discriminate Race Emplm Fculty | 0 | DiscriminateRaceEmplmFcultyInd |
| Discriminate Race Schs | 0 | DiscriminateRaceSchsInd |
| Discriminate Race Educ Plcy | 0 | DiscriminateRaceEducPlcyInd |
| Discriminate Race Use Of Fclts | 0 | DiscriminateRaceUseOfFcltsInd |
| Discriminate Race Athlt Prog | 0 | DiscriminateRaceAthltProgInd |
| Discriminate Race Other Acty | 0 | DiscriminateRaceOtherActyInd |
| Government Financial Aid Rcvd | Yes (1) | GovernmentFinancialAidRcvdInd |
| Government Financial Aid Rvkd | 0 | GovernmentFinancialAidRvkdInd |
| Compliance With Rev Proc7550 | Yes (1) | ComplianceWithRevProc7550Ind |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| SCHEDULE E, PART I, LINE 3 | THE COLLEGE'S NON-DISCRIMINATORY POLICY IS DISCLOSED IN ALL PUBLICATIONS, PRINTED AND DISTRIBUTED BY THE COLLEGE, AS WELL AS ON ITS WEBSITE. |
| SCHEDULE E, PART I, LINE 6 | THE COLLEGE ACCEPTS BOTH FEDERAL AND STATE GOVERNMENTAL FUNDING FOR THE PURPOSES OF PROVIDING FINANCIAL AID TO STUDENTS MATRICULATING AT THE COLLEGE. THE COLLEGE RECEIVED HEERF FUNDING IN FISCAL YEAR 2021. REFER TO SCHEDULE O FOR MORE DETAIL. |
Schedule F IRS990ScheduleF
Account Activities Outside US AccountActivitiesOutsideUSGrp (4 entries)
| RegionRegionTxt | OfficesOfficesCnt | EmployeeEmployeeCnt | Type Of Activities ConductedTypeOfActivitiesConductedTxt | Region Total ExpendituresRegionTotalExpendituresAmt |
|---|---|---|---|---|
| CENTRAL AMERICA AND THE CARIBBEAN | 0 | 0 | INVESTMENTS | $14,109,330 |
| EUROPE (INCLUDING ICELAND & GREENLAND) | 0 | 0 | INVESTMENTS | $3,582,493 |
| EAST ASIA AND THE PACIFIC | 0 | 0 | INVESTMENTS | $1,142,950 |
| SOUTH AMERICA | 0 | 0 | INVESTMENTS | $146,503 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Offices | 0 | SubtotalOfficesCnt |
| Subtotal Employees | 0 | SubtotalEmployeesCnt |
| Continuation Total Office | 0 | ContinuationTotalOfficeCnt |
| Continuation Total Employee | 0 | ContinuationTotalEmployeeCnt |
| Total Office | 0 | TotalOfficeCnt |
| Total Employee | 0 | TotalEmployeeCnt |
| Subtotal Spent | $18,981,276 | SubtotalSpentAmt |
| Continuation Spent | $0 | ContinuationSpentAmt |
| Total Spent | $18,981,276 | TotalSpentAmt |
| Transfer To Foreign Corp | Yes (1) | TransferToForeignCorpInd |
| Interest In Foreign Trust | 0 | InterestInForeignTrustInd |
| Foreign Corp Ownership | Yes (1) | ForeignCorpOwnershipInd |
| Passive Foreign Investmest Co | Yes (1) | PassiveForeignInvestmestCoInd |
| Foreign Partnership | Yes (1) | ForeignPartnershipInd |
| Boycott Countries | 0 | BoycottCountriesInd |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART I, LINE 3: | ACCOUNTING METHOD USED INVESTMENTS ARE REPORTED BY THE COLLEGE AT THEIR BOOK VALUE AS RECORDED IN THE COLLEGE'S BOOKS AND RECORDS. |
| PART III ACCOUNTING METHOD: | |
| PART IV: | COLLEGE OF MOUNT SAINT VINCENT INVESTS IN DOMESTIC AND FOREIGN LIMITED PARTNERSHIPS THAT MAY OWN AN INTEREST IN A FOREIGN CORPORATION, PASSIVE FOREIGN INVESTMENT COMPANY, OR FOREIGN PARTNERSHIP. NEVERTHELESS, THE COLLEGE'S INVESTMENT ACTIVITIES MAY NOT REACH THE THRESHOLDS REQUIRED FOR FILING THE FORMS 926, 5471, 8621 OR 8865. TO THE EXTENT SUCH A FORM WAS COMPLETED, IT HAS BEEN FILED WITH THE COLLEGE'S FORM 990-T. |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp (2 entries)
| Grant TypeGrantTypeTxt | RecipientRecipientCnt | Cash GrantCashGrantAmt |
|---|---|---|
| SCHOLARSHIPS | 1845 | $37,545,787 |
| HEERF SCHOLARSHIPS | 2112 | $2,098,533 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 2: | FormAndLineReferenceDesc |
| Explanation | GRANTS AND OTHER ASSISTANCE IN THE UNITED STATES THE COLLEGE PROVIDES SCHOLARSHIPS TO STUDENTS MATRICULATING AT THE COLLEGE; THESE SCHOLARSHIPS MAY ONLY BE USED BY STUDENTS TO DEFRAY THE COSTS OF TUITION AND/OR ROOM AND BOARD. SINCE THE STUDENTS MAY NOT EXERCISE ANY DISCRETION ON HOW THE FUNDS ARE SPENT, THE COLLEGE IS NOT REQUIRED TO MONITOR THE GRANTS (OTHER THAN TO ENSURE THAT THE STUDENT IS FULFILLING THE REQUIREMENTS FOR EARNING THE SCHOLARSHIP). | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Housing Allowance Or Residence | Yes (X) | HousingAllowanceOrResidenceInd |
| Written Policy Ref T And E Expnss | 0 | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | Yes (1) | SubstantiationRequiredInd |
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Independent Consultant | Yes (X) | IndependentConsultantInd |
| Form990 Of Other Organizations | Yes (X) | Form990OfOtherOrganizationsInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | Yes (1) | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | 0 | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (9 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| CHARLES L FLYNN | ||||||||||||||
| PRESIDENT (THRU 12/2020) | $340,200 | $0 | $0 | $0 | $33,003 | $0 | $33,490 | $0 | $17,086 | $0 | $423,779 | $0 | $50,557 | $0 |
| MADELEINE MELKONIAN | ||||||||||||||
| SVP/ADMISSION & EXT. RELATION | $196,833 | $0 | $0 | $0 | $0 | $0 | $8,575 | $0 | $32,598 | $0 | $238,006 | $0 | $0 | $0 |
| ABED ELKESHK | ||||||||||||||
| SENIOR EVP, TREASURER & CFO | $203,017 | $0 | $0 | $0 | $0 | $0 | $8,578 | $0 | $18,952 | $0 | $230,547 | $0 | $0 | $0 |
| KEVIN DEGROAT | ||||||||||||||
| VP FOR OPERATIONS | $166,657 | $0 | $0 | $0 | $0 | $0 | $7,555 | $0 | $44,286 | $0 | $218,498 | $0 | $0 | $0 |
| SARAH STEVENSON | ||||||||||||||
| FORMER PROVOST | $150,974 | $0 | $0 | $0 | $0 | $0 | $7,044 | $0 | $49,237 | $0 | $207,255 | $0 | $0 | $0 |
| LYNNE TOWMEY | ||||||||||||||
| PROVOST | $191,049 | $0 | $0 | $0 | $0 | $0 | $7,642 | $0 | $0 | $0 | $198,691 | $0 | $0 | $0 |
| JAMES BURKEE | ||||||||||||||
| VP FOR STRATEGIC INITIATIVES | $164,536 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $15,010 | $0 | $179,546 | $0 | $0 | $0 |
| W ADAM WICHERN | ||||||||||||||
| VP INFO. AND TECH./CIO | $153,388 | $0 | $0 | $0 | $0 | $0 | $6,492 | $0 | $16,447 | $0 | $176,327 | $0 | $0 | $0 |
| COLETTE ATKINS | ||||||||||||||
| VP/INSTITUTIONAL ADVANCEMENT | $142,194 | $0 | $0 | $0 | $0 | $0 | $5,960 | $0 | $14,612 | $0 | $162,766 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART I, LINE 1A | HOUSING ALLOWANCE THE COLLEGE'S PRESIDENT, CHARLES FLYNN, RECEIVES A HOUSING ALLOWANCE FROM THE COLLEGE THAT IS INCLUDED IN TAXABLE INCOME AND REPORTED IN SCHEDULE J, PART II, COLUMN B(III). THE HOUSING ALLOWANCE IS PART OF THE PRESIDENT'S COMPENSATION PACKAGE IN HIS EMPLOYMENT AGREEMENT AS SUCH, THERE IS NO WRITTEN POLICY REGARDING PAYMENT OR REIMBURSEMENT. |
| PART I, LINE 4B | SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN CHARLES FLYNN PARTICIPATES IN A 457(F) PLAN. NO PAYMENTS WERE MADE UNDER THIS PLAN IN THE CURRENT YEAR. |
Schedule K IRS990ScheduleK
Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp (2 entries)
| Bond ReferenceBondReferenceCd | Bond Issuer EINBondIssuerEIN | CUSIPCUSIPNum | Bond IssuedBondIssuedDt | Issue PriceIssuePriceAmt | PurposePurposeDesc | DefeasedDefeasedInd | On Behalf Of IssuerOnBehalfOfIssuerInd | Pool FinancingPoolFinancingInd |
|---|---|---|---|---|---|---|---|---|
| NEW YORK INDUSTRIAL DEVELOPMENT AGENCY | ||||||||
| A | 132906040 | 649438BD9 | 2006-06-29 | $22,117,032 | BUILD NYC RESOURCE CAMP | 0 | 0 | 0 |
| BUILD NYC RESOURCE CAMP | ||||||||
| B | 454040561 | 2016-12-01 | $10,880,000 | REFUNDING BONDS | 0 | 0 | 0 | |
Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp (2 entries)
| Bond ReferenceBondReferenceCd | RetiredRetiredAmt | Total ProceedsTotalProceedsAmt | In Reserve FundInReserveFundAmt | Issuance Costs From ProceedsIssuanceCostsFromProceedsAmt | Credit EnhancementCreditEnhancementAmt | Capital ExpendituresCapitalExpendituresAmt | Other Spent ProceedsOtherSpentProceedsAmt | Substantial CompletionSubstantialCompletionYr | Refunding Tax Exempt BondsRefundingTaxExemptBondsInd | Refunding Taxable BondsRefundingTaxableBondsInd | Final Allocation MadeFinalAllocationMadeInd | Adequate Books And Rec MaintAdequateBooksAndRecMaintInd |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| A | $17,492,032 | $22,117,032 | $1,546,138 | $442,341 | $894,831 | $17,334,328 | $1,899,394 | 2007 | Yes (1) | 0 | Yes (1) | Yes (1) |
| B | $1,980,000 | $10,880,000 | $10,880,000 | Yes (1) | 0 | Yes (1) | Yes (1) |
Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp (2 entries)
| Bond ReferenceBondReferenceCd | Owning Bond Financed PropertyOwningBondFinancedPropertyInd | Any Lease ArrangementsAnyLeaseArrangementsInd | Mgmt Contract Bond Fincd PropMgmtContractBondFincdPropInd | Any Research AgreementsAnyResearchAgreementsInd | Bond Iss Meet Prvt Sec Pymt TestBondIssMeetPrvtSecPymtTestInd | Change In Use Bond Financed PropChangeInUseBondFinancedPropInd | Procs Nonqualified Bond RemdtdProcsNonqualifiedBondRemdtdInd |
|---|---|---|---|---|---|---|---|
| A | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| B | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp (2 entries)
| Bond ReferenceBondReferenceCd | Form8038 T FiledForm8038TFiledInd | Rebate Not Due YetRebateNotDueYetInd | Exception To RebateExceptionToRebateInd | No Rebate DueNoRebateDueInd | Variable Rate IssueVariableRateIssueInd | Hedge Identified In Bks And RecHedgeIdentifiedInBksAndRecInd | Gross Proceeds Invested In GICGrossProceedsInvestedInGICInd | Gross Proceeds InvestedGrossProceedsInvestedInd | Written Proc To Monitor ReqsWrittenProcToMonitorReqsInd |
|---|---|---|---|---|---|---|---|---|---|
| A | 0 | 0 | 0 | Yes (1) | Yes (1) | 0 | 0 | 0 | 0 |
| B | 0 | Yes (1) | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Procedures Corrective Action ProceduresCorrectiveActionGrp (2 entries)
| Bond ReferenceBondReferenceCd | Procedures Corrective ActionProceduresCorrectiveActionInd |
|---|---|
| A | 0 |
| B | 0 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | WRITTEN BOND POLICIES: | FormAndLineReferenceDesc |
| Explanation | THE ORGANIZATION HAS NOT VIOLATED ANY APPLICABLE REQUIREMENTS FOR TAX EXEMPT BONDS BENEFITING THE ORGANIZATION. THE ORGANIZATION IS WORKING WITH BOND COUNSEL TO ESTABLISH WRITTEN PROCEDURES TO ENSURE TIMELY IDENTIFICATION OF FEDERAL TAX REQUIREMENTS AND TIMELY CORRECTION OF ANY IDENTIFIED VIOLATIONS. PART IV, LINE 2C: FORM 8038-T HAS NOT BEEN FILED AS NO REBATE IS DUE. THE REBATE FOR THE SERIES 2006 BOND COMPUTATION WAS PERFORMED ON SEPTEMBER 30, 2016. | ExplanationTxt |
Schedule M IRS990ScheduleM
Securities Publicly Traded SecuritiesPubliclyTradedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 6 | ContributionCnt |
| Noncash Contributions Rpt F990 | $468,504 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | FMV | MethodOfDeterminingRevenuesTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form8283 Received | 0 | Form8283ReceivedCnt |
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeldInd |
| Review Process Unusual NC Gifts | Yes (1) | ReviewProcessUnusualNCGiftsInd |
| Third Parties Used | 0 | ThirdPartiesUsedInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, COLUMN (B): | FormAndLineReferenceDesc |
| Explanation | THE COLLEGE IS REPORTING THE NUMBER OF CONTRIBUTIONS RECEIVED. | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (7 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| GENERAL STATEMENT ABOUT THE PANDEMICS'S IMPACT ON THE COLLEGE: | IN DECEMBER 2019, AN OUTBREAK OF A NOVEL STRAIN OF CORONAVIRUS ("COVID-19") EMERGED GLOBALLY, AND IN MARCH 2020 THE WORLD HEALTH ORGANIZATION DECLARED THE SPREAD OF COVID-19 A WORLDWIDE PANDEMIC. AS A RESPONSE TO THE COVID-19 PANDEMIC, THE U.S. FEDERAL GOVERNMENT PASSED THE CORONAVIRUS AID, RELIEF, AND ECONOMIC SECURITY ACT ("CARES ACT"). DURING FISCAL YEAR 2020, THE COLLEGE RECEIVED A $3,880,300 PAYROLL PROTECTION PROGRAM LOAN ("PPP") AS A RESULT OF THE CARES ACT. THE COLLEGE ACCOUNTED FOR THE PPP LOAN AS A CONDITIONAL CONTRIBUTION THAT WILL BE RECOGNIZED AS GRANT REVENUE WHEN THE CONDITIONS FOR USE OF THE FUNDS BEEN MET AND IT IS ACKNOWLEDGED BY THE LENDER THAT THE LOAN WILL BE FORGIVEN. THEREFORE, THIS FUNDING WAS RECORDED AS DEFERRED REVENUE IN THE ACCOMPANYING STATEMENTS OF FINANCIAL POSITION AT JUNE 30, 2021 AND 2020. THE PPP LOAN AND ACCRUED INTEREST ARE FORGIVABLE AS LONG AS THE COLLEGE USES THE LOAN PROCEEDS FOR ELIGIBLE PURPOSES, PRIMARILY FOR PAYROLL AND BENEFITS. THE COLLEGE APPLIED FOR FORGIVENESS DURING THE FISCAL YEAR ENDED JUNE 30, 2021, WHICH WAS GRANTED BY THE U.S. SMALL BUSINESS ADMINISTRATION ("SBA") ON JULY 12, 2021. THE HIGHER EDUCATION EMERGENCY RELIEF FUND ("HEERF") PROVIDES FUNDING TO INSTITUTIONS FOR EMERGENCY FINANCIAL AID GRANTS TO STUDENTS, AS WELL AS FUNDING TO SUPPORT THE COSTS OF SHIFTING CLASSES ONLINE AND OTHER INSTITUTIONAL COSTS INCURRED RELATED TO THE COVID-19 PANDEMIC. THE CARES ACT WAS SIGNED INTO LAW ON MARCH 17, 2020 AND PROVIDED THE COLLEGE WITH FUNDING 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 FUNDING UNDER HEERF II. EACH OF THESE AWARDS HAS A STUDENT AID PORTION AND AN INSTITUTIONAL PORTION. THE DEPARTMENT OF EDUCATION PROVIDED REQUIRED USES OF THE FUNDS FOR BOTH THE STUDENT AID AND INSTITUTIONAL PORTIONS, AND UNTIL THE CONDITIONS ASSOCIATED WITH THOSE REQUIREMENTS ARE SATISFIED, REVENUE CANNOT BE RECOGNIZED, IN ACCORDANCE WITH ASU 2018-08. FOR THE YEARS ENDED JUNE 30, 2021 AND 2020, THE COLLEGE RECOGNIZED $2,098,533 AND $1,837,871, RESPECTIVELY, IN GOVERNMENT GRANTS AND CONTRACTS REVENUE UNDER THE PROVISIONS OF THESE PROGRAMS IN THE ACCOMPANYING STATEMENTS OF ACTIVITIES. THE UNDISBURSED PORTIONS OF HEERF I AND II FUNDING WERE RECORDED AS DEFERRED REVENUE IN ACCOMPANYING STATEMENTS OF FINANCIAL POSITION. |
| FORM 990, PART III, LINE 1: | THE COLLEGE COMBINES A STRONG CORE CURRICULUM WITH A FULL ARRAY OF MAJORS IN THE LIBERAL ARTS AND, WITHIN THE TRADITION OF LIBERAL EDUCATION, SELECTED PROFESSIONAL FIELDS OF STUDY. AT MOUNT SAINT VINCENT, A STUDENT'S EDUCATION EXTENDS BEYOND KNOWLEDGE, SKILLS, AND PREPARATION FOR WORK. WE SEEK THE DEVELOPMENT OF THE WHOLE PERSON. IN THE SPIRIT OF VINCENT DE PAUL AND ELIZABETH ANN SETON, WE FOSTER AN UNDERSTANDING OF OUR COMMON HUMANITY, A COMMITMENT TO HUMAN DIGNITY, AND A FULL APPRECIATION OF OUR OBLIGATIONS TO EACH OTHER. THROUGH ITS SCHOOL OF PROFESSIONAL AND CONTINUING STUDIES, THE COLLEGE EXTENDS ITS PRIMARY UNDERGRADUATE MISSION BY OFFERING HIGH QUALITY GRADUATE STUDIES IN BUSINESS, EDUCATION AND NURSING AND AN ARRAY OF UNDERGRADUATE AND CERTIFICATE PROGRAMS SERVING NON-TRADITIONAL STUDENTS. |
| FORM 990, PART III - PROGRAM SERVICE, LINE 4A: | OUR STUDENT BODY IS COMPOSED OF MORE THAN 1,800 FULL AND PART-TIME STUDENTS. THE COLLEGE OFFERS FULL-TIME STUDENTS A RESIDENCE PROGRAM DESIGNED TO ENHANCE THEIR ENGAGEMENT, LEARNING, AND CITIZENSHIP. COLLEGE MAINTAINS FIVE RESIDENCE HALLS, EACH HOUSING BETWEEN 75 AND 250 STUDENTS AND OFFERING A VARIETY OF AMENITIES, INCLUDING STUDY-LOUNGES, KITCHENETTES, AND LAUNDRY ROOMS. |
| FORM 990, PART VI, SECTION B, LINE 11B | PROCESS USED TO REVIEW FORM 990 THE FORM 990 WAS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM IN CONJUNCTION WITH THE ORGANIZATION'S FINANCIAL DEPARTMENT. THE FORM 990 WAS PRESENTED TO THE AUDIT COMMITTEE IN MAY OF 2022 AND A COPY THE DRAFT FORM 990 WAS CIRCULATED TO THE BOARD OF TRUSTEES FOR DISCUSSION AND COMMENT. THE BOARD OF TRUSTEES HAS DIRECTED THAT INFORMATION ON INDIVIDUAL DONORS NOT BE GENERALLY DISTRIBUTED. HOWEVER, THIS INFORMATION IS AVAILABLE TO ANY TRUSTEES WHO REQUEST IT FOR REVIEW. EACH AUDIT COMMITTEE MEMBER AND BOARD OF TRUSTEES MEMBER WAS PROVIDED AMPLE OPPORTUNITY TO COMMENT ON THE INFORMATION CONTAINED IN THE 990 PRIOR TO ITS FILING WITH THE INTERNAL REVENUE SERVICE. |
| FORM 990, PART VI, SECTION B, LINE 12C | ENFORCEMENT AND MONITORING OF CONFLICT OF INTEREST POLICY POTENTIAL CONFLICTS OF INTEREST ARE REVIEWED ANNUALLY BY THE AUDIT COMMITTEE. RELATIONSHIPS BETWEEN BOARD MEMBERS, OFFICERS OR KEY EMPLOYEES OF THE COLLEGE MUST BE FULLY DISCLOSED. IN SUCH INSTANCE, THE TRUSTEE, OFFICER, OR KEY EMPLOYEE OF THE COLLEGE MUST: A. TRUSTEES 1) IF A TRUSTEE DISCLOSES THE EXISTENCE OF SUCH INTEREST AND DESCRIBES THE NATURE THEREOF TO THE OTHER TRUSTEES AT SUCH TIME AS ONE BECOMES AWARE OF IT, AND IN ALL INSTANCES PRIOR TO THE TIME FINAL ACTION IS TAKEN BY THE BOARD AND/OR THE EXECUTIVE COMMITTEE WITH RESPECT TO THAT MATTER; 2) ABSTAIN FROM VOTING THEREON, WITH THE MEETING MINUTES RECORDING SUCH ABSTENTION; AND 3) RECUSE HIMSELF/HERSELF FROM THE MEETING DURING SOME PORTION OF THE DISCUSSION OF THE MATTER IF THE BOARD CHAIRMAN SO REQUESTS THIS POLICY, HOWEVER, SHOULD NOT BE CONSTRUED AS PREVENTING THE TRUSTEE FROM BRIEFLY STATING HIS/HER POSITION IN THE MATTER, NOR FROM ANSWERING PERTINENT QUESTIONS OF OTHER TRUSTEES, NOR FROM RECOMMENDING THAT THE TRUSTEES ENTER INTO SUCH TRANSACTION, SINCE HIS/HER KNOWLEDGE MAY BE OF GREAT ASSISTANCE TO THE ENTIRE BOARD. B. OFFICERS 1) IF AN OFFICER DISCLOSES THE EXISTENCE OF SUCH INTEREST AND DESCRIBES THE NATURE THEREOF TO THE PRESIDENT AT SUCH TIME AS ONE BECOMES AWARE OF IT, AND IN ALL INSTANCES PRIOR TO THE TIME THE FINAL ACTION IS TAKEN BY THOSE RESPONSIBLE FOR THE RECOMMENDATION AND/OR DECISION INVOLVED; 2) ABSTAIN FROM MAKING A RECOMMENDATION OR DECISION ON THE MATTER INVOLVED AND SUBMIT A WRITTEN STATEMENT TO THE OFFICE OF THE PRESIDENT REPORTING HAVING RECUSED HIMSELF/HERSELF THEREON; THE PRESIDENT SHALL INFORM THE EXECUTIVE COMMITTEE OF THE BOARD. C. KEY EMPLOYEES 1) IF A KEY EMPLOYEE DISCLOSED THE EXISTENCE OF SUCH INTEREST AND DESCRIBES THE NATURE THEREOF TO THE APPROPRIATE SENIOR ADMINISTRATOR AND TO THE PRESIDENT AT SUCH TIME AS ONE BECOMES AWARE OF IT, AND IN ALL INSTANCES, PRIOR TO THE TIME THE FINAL ACTION IS TAKEN BY THOSE RESPONSIBLE FOR THE RECOMMENDATION AND/OR DECISION INVOLVED; 2) ABSTAIN FROM MAKING OR PARTICIPATING IN MAKING A RECOMMENDATION OR DECISION ON THE MATTER INVOLVED AND SUBMIT A WRITTEN STATEMENT TO THE OFFICE OF THE APPROPRIATE VICE PRESIDENT REPORTING HAVING RECUSED HIMSELF/HERSELF THEREON. |
| FORM 990, PART VI, SECTION B, LINE 15 | PROCESS FOR DETERMINING COMPENSATION THE PROCESS OF DETERMINING THE PRESIDENT'S COMPENSATION IS DETERMINED AND VOTED ON BY THE BOARD OF TRUSTEES. THE EXECUTIVE COMMITTEE, WHICH IS RESPONSIBLE FOR REVIEWING AND DOCUMENTING THE COMPENSATION OF THE PRESIDENT, USES DATA PROVIDED BY AN INDEPENDENT COMPENSATION CONSULTANT. DOCUMENTATION OF THE EXECUTIVE COMMITTEE'S DELIBERATIONS REGARDING PRESIDENTIAL COMPENSATION DECISIONS IS PREPARED, APPROVED BY THE COMMITTEE AND FILED WITH OTHER BOARD-RELATED DOCUMENTS THAT ARE MAINTAINED AT THE COLLEGE. THE EXECUTIVE COMMITTEE REPORTS CHANGES TO THE PRESIDENT'S COMPENSATION IN EXECUTIVE SESSION TO THE FULL BOARD. THE PROCESS OF SETTING COMPENSATION FOR COMPENSATION OF OTHER OFFICERS (VP'S) AND THE PROVOST OF THE ORGANIZATION IS DETERMINED BY THE CEO (PRESIDENT) BASED UPON COMPARABILITY DATA. THE MOST RECENT COMPENSATION STUDY WAS CONDUCTED DURING FISCAL YEAR 2017. |
| FORM 990, PART VI, SECTION C, LINE 19 | AVAILABILITY OF DOCUMENTS TO THE PUBLIC THE COLLEGE MAKES ITS FORM 990 AVAILABLE TO THE PUBLIC BY RETAINING A COPY AT ITS PLACE OF BUSINESS. THE FORM 990 IS LIKEWISE PUBLISHED ON THE INTERNET AT WWW.GUIDESTAR.ORG. THE ORGANIZATION'S FINANCIAL STATEMENTS, GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE NOT ORDINARILY MADE AVAILABLE TO THE PUBLIC, BUT, IF REQUESTED, WILL BE PROVIDED AT MANAGEMENT'S DISCRETION. |