2021-05-17T15:00:46-05:00 2020-06-30 113518842 MARKS PANETH LLP 685 THIRD AVENUE NEW YORK NY 10017 990 2019-07-01 131967321 MERCY COLLEGE MERC 9144552650 555 BROADWAY DOBBS FERRY NY 10522 BRETT M CARROLL VP FOR FINANCE & CFO AND TREASURER 9144552650 2021-05-14 1 MAGDALENA M CZERNIAWSKI P00535099 2125038800 2021-05-14 2019 2022-09-23 18:48:47Z BRETT M CARROLL 555 BROADWAY DOBBS FERRY NY 10522 373681681 0 X WWW.MERCY.EDU X 1950 NY EDUCATE STUDENTS IN LIBERAL ARTS, SCIENCES, BUSINESS, EDUCATION AND PROFESSIONAL PROGRAMS. 25 23 2644 23 16335 15335 9043915 15232808 157978123 185820429 4136438 10675492 3268439 721185 174426915 212449914 32651163 40694619 0 0 75792828 89836840 12568 0 2284368 63302585 69601773 171759144 200133232 2667771 12316682 403314865 411742949 73122157 79046422 330192708 332696527 X MERCY COLLEGE IS COMMITTED TO PROVIDING MOTIVATED STUDENTS THE OPPORTUNITY TO TRANSFORM THEIR LIVES THROUGH HIGHER EDUCATION BY OFFERING LIBERAL ARTS AND PROFESSIONAL PROGRAMS IN PERSONALIZED AND HIGH QUALITY LEARNING ENVIRONMENTS, THUS PREPARING (SEE SCHEDULE O) STUDENTS TO EMBARK ON REWARDING CAREERS, TO CONTINUE LEARNING THROUGHOUT THEIR LIVES AND TO ACT ETHICALLY AND RESPONSIBLY IN A CHANGING WORLD. 0 0 161724594 40694619 187026625 MERCY COLLEGE IS A COMPREHENSIVE COLLEGE OFFERING BOTH UNDERGRADUATE AND GRADUATE DEGREE PROGRAMS TO OVER 9,500 STUDENTS. THE COLLEGE HAS FOUR CAMPUS LOCATIONS IN NEW YORK CITY AND WESTCHESTER COUNTIES AND ALSO OFFERS ONLINE COURSES THROUGH THE INTERNET. STUDENTS ARE PRIMARILY FROM THE NEW YORK METROPOLITAN AREA. 161724594 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 1 1 0 1 0 1 0 0 0 1 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 445 0 1 2644 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 25 23 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X NARDA A ROMERO CONTROLLER AND ASSISTANT TREASURER 9146747841 555 BROADWAY DOBBS FERRY NY 10522 ALEX FERRARI TRUSTEE 1.00 X 0 0 0 BRUCE J HABER VICE CHAIRMAN 1.00 X X 0 0 0 CARLOS S PASSI TRUSTEE 1.00 X 0 0 0 CHRIS SOBECKI TRUSTEE 1.00 X 0 0 0 DAVID L JOHNSON TRUSTEE 1.00 X 0 0 0 DAVID S JONES VICE CHAIRMAN (OUTGOING) 1.00 X X 0 0 0 EDWARD B DUNN VICE CHAIRMAN 1.00 X X 0 0 0 GARY BERNSTEIN TRUSTEE 1.00 X 0 0 0 GREGORY H WILLIAMS TRUSTEE 1.00 X 0 0 0 JAMES B JENKINS TRUSTEE 1.00 X 0 0 0 JAMES GARITO TRUSTEE (OUTGOING) 1.00 X 0 0 0 JAMES M MCCORMICK VICE CHAIRMAN 1.00 X X 0 0 0 JOHN R THOMPSON TRUSTEE 1.00 X 0 0 0 JOSEPH GANTZ CHAIRMAN 1.00 X X 0 0 0 JOSEPH P CARLUCCI ESQ VICE CHAIRMAN 1.00 X X 0 0 0 MICHELE A QUIROLO TRUSTEE 1.00 X 0 0 0 NOWLAN MACDONNELL ULSCH TRUSTEE (OUTGOING) 1.00 X 0 0 0 PATRICIA BLACKMAR TRUSTEE 1.00 X 0 0 0 RICHARD AKS TRUSTEE/INTERIM CFO 40.00 X 79381 0 0 ROBERT H NIEHAUS TRUSTEE 1.00 X 0 0 0 SARAH A O'CONNOR TRUSTEE 1.00 X 0 0 0 TIMOTHY L HALL PRESIDENT 40.00 X X 639207 0 194490 VALERIE MASON CUNNINGHAM TRUSTEE 1.00 X 0 0 0 WILLIAM M MOONEY JR TRUSTEE (OUTGOING) 1.00 X 0 0 0 BRETT M CARROLL VP OF FIN./CFO/TREASURER (FEB 2020) 40.00 X 0 0 0 DONALD B AUNGST VP CHIEF FIN (OUTGOING) 40.00 X 384663 0 46303 IRENE BUCKLEY CHIEF OF STAFF (OUTGOING) 40.00 X 256726 0 32360 JESSICA HABER SECRETARY (FEB 2020) 40.00 X 0 0 0 NARDA ROMERO CONTROLLER & ASST. TREASUR 40.00 X 199071 0 17489 ADAM CASTRO VP ADMISSIONS 40.00 X 251191 0 20415 JOSE HERRERA PROVOST 40.00 X 331659 0 50097 THOMAS SIMMONDS VP, OPERATIONS & FACILITIES 40.00 X 277546 0 63661 BERNADETTE WADE CHIEF ADVANCEMENT OFFICER 40.00 X 222480 0 19241 BRIAN JOHNSON VP MANHATTAN CAMPUS 40.00 X 261648 0 22174 KEVIN JOYCE VP STUDENT AFFAIRS 40.00 X 236064 0 53861 LLOYD GIBSON DEAN, SCHOOL OF BUSINESS 40.00 X 215537 0 40811 MARGARET M MCGRAIL VP STUDENT SERVICES 40.00 X 231830 0 55359 3587003 0 616261 114 0 1 0 ELLUCIAN COMPANY LP 62590 COLLECTIONS CENTER DRIVE CHICAGO IL 60693 INFORMATION TECHNOLOGY 4522571 LESSINGS 3500 SUNRISE HWY SUITE 100 GREAT RIVER NY 11739 HOSPITALITY 3037021 BOND SCHOENECK & KING PLLC ONE LINCOLN CENTER SYRACUSE NY 13202 ATTORNEY 885125 RUFFALO NOEL LEVITZ 1025 KIRKWOOD PKWY SW CEDAR RAPIDS IA 52404 STUDENT SERVICES 237904 MEDIACURRENT INTERACTIVE SOLUTIONS LLC 3180 NORTH POINT PARKWAY ALPHARETTA GA 30005 MARKETING 219904 94 47115 13227362 1958331 163199 15232808 GROSS TUITION & FEES 900099 177540046 177540046 ROOM AND BOARD 721310 7894741 7894741 AUXILIARY INCOME 900099 245222 245222 NON TUITION REVENUE 900099 140420 140420 185820429 2548573 2548573 8823 8823 268355 0 268355 268355 268355 169276267 13808 161163156 0 8113111 13808 8126919 13808 8113111 37050 47115 68611 -31561 -31561 26148 0 26148 26148 PRIOR YEAR RECOVERIES 900099 658797 658797 OTHER 900099 264569 262042 2527 INSURANCE PROCEEDS 900099 143642 143642 -617588 90409 -707997 449420 212449914 186975319 16335 10225452 40694619 40694619 2799961 653537 2146424 67411628 59204000 6996716 1210912 3594699 2899441 621603 73655 10595001 8391120 1993683 210198 5435551 4267060 1061785 106706 10047577 4696446 5248461 102670 645889 645889 228000 228000 995161 995161 2908368 1767905 1101814 38649 3976123 3842566 133557 3088486 2552561 380328 155597 3838542 1797805 2030007 10730 16964612 14722807 2163997 77808 952031 588399 357453 6179 290854 179761 109205 1888 2122197 1856745 255825 9627 10004614 8875093 1083500 46021 964133 964133 UBTI 187156 146923 36559 3674 MAINTENANCE 3732392 3266862 447080 18450 SUPPLIES AND SERVICES 3452626 2912369 481662 58595 BAD DEBT 2019345 2019345 3183667 2251141 913074 19452 200133232 161724594 36124270 2284368 10208743 7860966 4107642 26389982 1770642 2584827 4836737 9548001 414677 437980 1917974 3356573 201938475 82204708 110914454 119733767 169452580 156795136 97904089 83946438 1787327 1089279 403314865 411742949 10831457 10795900 5195466 7770475 48189478 49955608 8905756 10524439 73122157 79046422 X 319528163 321673761 10664545 11022766 330192708 332696527 403314865 411742949 X 12316682 -8814031 -998832 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 175341 X 0 255751263 129352 1436677 6984837 972313 249360142 245533842 717818 10526436 99292 927541 255751263 224444449 5322717 16853363 88819 997868 245533842 192479137 5247138 27433879 96691 619014 224444449 193535022 5319538 -5611632 75650 688141 192479137 0.97060 0.02100 0.00840 0 0 12937818 12937818 124720828 34126937 90593891 21975498 18920798 3054700 40390889 29156973 11233916 1913442 1913442 119733767 LP INTERESTS 57526354 F HEDGE FUNDS 26420084 F 83946438 ADVANCES FROM FEDERAL GOVERNMENT FOR STUDENT LOANS 1167263 CONDITIONAL ASSET RETIREMENT OBLIGATION 2537856 DEFERRED RENT 6819320 10524439 X 160701816 -8814031 -42007517 -50821548 211523364 995161 -68611 926550 212449914 158197997 68611 68611 158129386 995161 41008685 42003846 200133232 PART V, LINE 4: PERMANENTLY RESTRICTED NET ASSETS ARE RESTRICTED TO INVESTMENT IN PERPETUITY WITH INVESTMENT RETURN PRINCIPALLY AVAILABLE FOR SCHOLARSHIPS. PART X, LINE 2: THE COLLEGE BELIEVES IT HAS NO UNCERTAIN TAX POSITIONS AS OF JUNE 30, 2020 AND 2019 IN ACCORDANCE WITH ACCOUNTING STANDARDS CODIFICATION ("ASC") TOPIC 740, "INCOME TAXES," WHICH PROVIDES STANDARDS FOR ESTABLISHING AND CLASSIFYING ANY TAX PROVISIONS FOR UNCERTAIN TAX POSITIONS. PART XI, LINE 2D - OTHER ADJUSTMENTS: LOSS ON INTEREST RATE SWAPS -998,832. SCHOLARSHIPS -40,694,619. DEBT FINANCE COSTS -314,066. PART XI, LINE 4B - OTHER ADJUSTMENTS: FUNDRASING EXPENSES -68,611. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRASING EXPENSES 68,611. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS 40,694,619. DEBT FINANCE COSTS 314,066. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 MERCY COLLEGE HAS PUBLICIZED ITS RACIALLY NONDISCRIMINATORY POLICY THROUGH NEWSPAPER AND/OR BROADCAST MEDIA DURING THE PERIOD OF SOLICITATION IN A WAY THAT MADE THE POLICY KNOWN TO ALL PARTS OF THE GENERAL COMMUNITY IT SERVES. THE COLLEGE IS RECOGNIZED AS A MINORITY SERVING INSTITUTION. SCHEDULE E, PART I, LINE 6 MERCY COLLEGE RECEIVES FUNDS FROM OR PERFORMS ADMINISTRATIVE DUTIES FOR VARIOUS FEDERAL AND STATE GOVERNMENTAL AGENCIES UNDER THEIR RESPECTIVE STUDENT FINANCIAL AID ASSISTANCE PROGRAMS. FEDERAL PROGRAMS INCLUDE THE PELL GRANT PROGRAM, SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANT (SEOG) PROGRAM, COLLEGE WORK STUDY (CWS) PROGRAM AND VARIOUS LOAN PROGRAMS. CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS INVESTMENTS 58100908 EAST ASIA AND THE PACIFIC 0 0 INVESTMENTS INVESTMENTS 1666374 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 INVESTMENTS INVESTMENTS 2103435 0 0 0 0 0 0 61870717 0 61870717 0 0 0 0 0 0 PART III ACCOUNTING METHOD: GOLF TOURNAMENT 62365 32965 29400 34776 10226 ALUMNI ACHIEVEMENT AWARDS 21800 14150 7650 22049 1560 84165 47115 37050 56825 11786 68611 -31561 26148 0 26148 26148 0 0 0 0 0 0 1 SCHOLARSHIPS 5475 37077655 FMV INSTITUTIONAL AID DISCOUNTS AND EXPENDITURES 1111 3616964 FMV INSTITUTIONAL DISCOUNTS PART I, LINE 2: THE SCHOLARSHIP GRANTS IN SCHEDULE I ARE MONITORED IN ACCORDANCE WITH THE STUDENT FINANCIAL AID RULES AND THE AMOUNT OF AID THAT INDIVIDUALS ARE SUPPOSED TO RECEIVE. THE DISCOUNTS AND EXPENDITURES ARE MONITORED BY AGREEMENTS WITH CERTAIN GROUPS AND IF THE STUDENT IS PART OF THAT COHORT, THEY RECEIVE A DISCOUNTED RATE ON TUITION, WHICH IN EFFECT TRANSLATES TO AID. SCHEDULE I, PART III SCHOLARSHIPS AND DISCOUNTS ARE BASED ON ACADEMIC PERFORMANCE AND FINANCIAL NEED, AND ARE GIVEN TO CURRENT SCHOLARS. THEY ARE ADMINISTERED BY THE OFFICES OF ADMISSIONS AND STUDENT SERVICES. X 1 1 X X 0 0 0 0 0 0 0 1 0 TIMOTHY L HALL PRESIDENT 525154 0 85000 0 29053 0 25000 0 169490 0 833697 0 0 0 DONALD B AUNGST VP CHIEF FIN (OUTGOING) 358821 0 25000 0 842 0 18316 0 27987 0 430966 0 0 0 IRENE BUCKLEY CHIEF OF STAFF (OUTGOING) 230538 0 25000 0 1188 0 21030 0 11330 0 289086 0 0 0 NARDA ROMERO CONTROLLER & ASST. TREASUR 193657 0 5000 0 414 0 17489 0 0 0 216560 0 0 0 ADAM CASTRO VP ADMISSIONS 226831 0 20000 0 4360 0 20415 0 0 0 271606 0 0 0 JOSE HERRERA PROVOST 301245 0 30000 0 414 0 25000 0 25097 0 381756 0 0 0 THOMAS SIMMONDS VP, OPERATIONS & FACILITIES 246721 0 25000 0 5825 0 23767 0 39894 0 341207 0 0 0 BERNADETTE WADE CHIEF ADVANCEMENT OFFICER 213792 0 7500 0 1188 0 19241 0 0 0 241721 0 0 0 BRIAN JOHNSON VP MANHATTAN CAMPUS 246378 0 15000 0 270 0 22174 0 0 0 283822 0 0 0 KEVIN JOYCE VP STUDENT AFFAIRS 219876 0 15000 0 1188 0 20140 0 33721 0 289925 0 0 0 LLOYD GIBSON DEAN, SCHOOL OF BUSINESS 214547 0 0 0 990 0 19454 0 21357 0 256348 0 0 0 MARGARET M MCGRAIL VP STUDENT SERVICES 231416 0 0 0 414 0 21638 0 33721 0 287189 0 0 0 PART I, LINE 1A TIMOTHY L. HALL RECEIVED HOUSING IN THE AMOUNT OF $144,000 WHICH IS INCLUDED IN SCHEDULE J, PART II, COLUMN (D) PART I, LINE 7 BONUSES ARE APPROVED BY THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES. PART II, COLUMN B(III): THE AMOUNT ON THIS COLUMN FOR TIMOTHY HALL INCLUDES CONTRIBUTION TO 457(B) RETIREMENT PLAN. IN ADDITION, FOR TIMOTHY HALL, THOMAS SIMMONDS, AND ADAM CASTRO, THIS AMOUNTS ALSO INCLUDES TAXABLE AMOUNT OF CAR ALLOWANCE. A DOBBS FERRY LOCAL DEVELOPMENT CORPORATION 800668125 256048AA7 2014-07-31 8255000 INFRASTRUCTURE IMPROVEMENTS 0 0 0 B DOBBS FERRY LOCAL DEVELOPMENT CORPORATION 800668125 256048AB5 2014-07-31 12565000 INFRASTRUCTURE IMPROVEMENTS 0 0 0 C DOBBS FERRY LOCAL DEVELOPMENT CORPORATION 800668125 256048AC3 2014-07-31 16035000 INFRASTRUCTURE IMPROVEMENTS 0 0 0 A 8255000 135214 8119786 2015 0 0 0 1 B 12565000 205810 12359190 2015 0 0 0 1 C 16035000 262647 15772353 2015 0 0 0 1 A 0 0 0 0 0 0 1 B 0 0 0 0 0 0 1 C 0 0 0 0 0 0 1 A 0 0 0 1 1 0 0 0 1 B 0 0 0 1 1 0 0 0 1 C 0 0 0 1 1 0 0 0 1 A 1 B 1 C 1 X 5 106278 FAIR MARKET VALUE X CLASSROOM FURNITURE 1 56921 FAIR MARKET VALUE 0 1 1 PART I, COLUMN (B): THE NUMBER IN COLUMN (B) REPRESENTS THE NUMBER OF CONTRIBUTIONS. PART I, LINE 32B: MERCY COLLEGE USES CHARITY BUZZ AND GRAND STAND SPORTS, ONLINE AUCTION SERVICE, TO AUCTION DONATED GOODS. FORM 990, PART VI, SECTION B, LINE 11B AN INDEPENDENT ACCOUNTANT PREPARES THE FORM 990 AND SENIOR MANAGEMENT REVIEWS THE FORM 990. IT IS THEN PROVIDED TO THE BOARD OF TRUSTEES PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY, BOARD OF TRUSTEES, OFFICERS, AND TOP MANAGEMENT OFFICIALS ARE REQUIRED TO SIGN THE CONFLICT OF INTEREST POLICY AND DISCLOSE INTERESTS THAT COULD GIVE RISE TO CONFLICT. FORM 990, PART VI, SECTION B, LINE 15A WHEN DETERMINING THE COMPENSATION OF THE ORGANIZATION'S PRESIDENT, THE ORGANIZATION TYPICALLY CONSULTS PUBLIC INFORMATION DERIVED FROM THE ANNUAL REPORT ISSUED BY THE CHRONICLE OF HIGHER EDUCATION AND THEN SENDS TO THE BOARD OF TRUSTEES FOR APPROVAL. RECOMMENDATIONS ARE MADE TO THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES TO REVIEW AND APPROVE THE SALARIES OF THE PRESIDENT'S DIRECT REPORTS, INCLUDING OFFICERS AND KEY EMPLOYEES OF THE COLLEGE. FORM 990, PART VI, SECTION C, LINE 19 MERCY COLLEGE MAKES ITS GOVERNING DOCUMENTS (BY-LAWS), CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: LOSS ON INTEREST RATE SWAPS -998,832. FORM 990, PART XII, LINE 2C: THE PROCESS OF OVERSEEING THE AUDIT AND SELECTION OF INDEPENDENT ACCOUNTANT DID NOT CHANGE FROM THE PRIOR YEAR.