2021-05-13T09:33:39-05:00 2020-06-30 GRANT THORNTON LLP 757 THIRD AVENUE 4TH FLOOR NEW YORK NY 100172013 990 2019-07-01 141442493 Marist College % JOHN PECCHIA CFO VP OF BA MARI 8455753000 3399 North Road Poughkeepsie NY 12601 JOHN PECCHIA CFO, VP OF B.A. 2125990100 2021-05-14 true Daniel Romano P00504182 2125990100 2019 2022-09-23 18:48:47Z Dennis Murray 3399 North Road Poughkeepsie NY 12601 405365428 false X www.marist.edu X 1946 NY Marist College is dedicated to helping develop the intellect, character and skills required for enlightened, ethical, and productive lives in the global community. 33 33 4086 206 1432079 96387 14084749 12955817 273803488 278442755 10837099 11752348 5900964 5464988 304626300 308615908 72724902 82899645 0 0 115475772 117147341 187778 194215 3245540 86480339 81196198 274868791 281437399 29757509 27178509 792027555 805930849 263393147 253847397 528634408 552083452 MARIST COLLEGE IS DEDICATED TO HELPING STUDENTS DEVELOP THE INTELLECT, CHARACTER AND SKILLS REQUIRED FOR ENLIGHTENED,ETHICAL, AND PRODUCTIVE LIVES IN THE GLOBAL COMMUNITY. false false 611710 222724526 81249838 235609340 MARIST COLLEGE IS A HIGHLY SELECTIVE, COMPREHENSIVE INSTITUTION NOTED FOR ITS LEADERSHIP IN THE USE OF TECHNOLOGY IN AND OUT OF THE CLASSROOM. MARIST IS CHARTERED BY THE STATE OF NEW YORK AND ITS POUGHKEEPSIE AND FLORENCE, ITALY CAMPUSES ARE FULLY ACCREDITED BY THE MIDDLE STATES COMMISSION ON HIGHER EDUCATION (MSCHE). MARIST'S STUDENT BODY IS COMPRISED OF 5,682 UNDERGRADUATE STUDENTS AND 918 GRADUATE STUDENTS WITH 53 BACHELOR'S PROGRAMS, 13 MASTER'S PROGRAMS, 8 CERTIFICATE PROGRAMS, AND 1 DOCTORAL PROGRAM. (CONTINUED IN SCHEDULE O) 721310 36366936 1399807 42833415 MARIST COLLEGE PROVIDES A VARIETY OF AUXILIARY SERVICES TO BOTH ITS STUDENTS AND EMPLOYEES IN SUPPORT OF ITS EDUCATIONAL MISSION. AS PART OF THE STUDENT EXPERIENCE, MARIST OFFERS A VARIETY OF COLLEGE HOUSING TO OVER 3,400 STUDENTS IN CORRIDOR, SUITE, APARTMENT, AND TOWNHOUSE-STYLE RESIDENCES. THE RESIDENTIAL LIFE PROGRAM AT MARIST IS BASED UPON THE PHILOSOPHY OF PROVIDING STUDENTS WITH A SAFE, HEALTHY, AND ATTRACTIVE LIVING-LEARNING ENVIRONMENT THAT SUPPORTS AND SUPPLEMENTS THE EDUCATIONAL MISSION OF THE COLLEGE. (CONTINUED IN SCHEDULE O) 259091462 true true false true false false false true false true true true false false true true false true true true true false false true false true false true true true true false false false false false false false false false false true true false false true true true true false false true X 504 1 true 4086 true true true true SP IT FR false false false true true false false false false false false X 33 33 false false false false false false false true true false true true true true true true true true true true false X X JOHN PECCHIA CFO VP OF BA 8455753000 3399 NORTH ROAD POUGHKEEPSIE NY 12601 David Yellen Former President 0.0 0.0 X 757644 0 182072 Dennis J Murray Interim President 50.0 0.0 X X 715446 0 73535 Geoffrey L Brackett Executive Vice President 50.0 2.0 X 411055 0 112516 John Dunne Head Coach, Men's Basketball 50.0 0.0 X 358252 0 33404 Sean P Kaylor VP of Admissions & Enrollment 50.0 1.0 X 296949 0 70458 Lee Miringoff Director of MIPO 50.0 0.0 X 302356 0 60722 John Pecchia VP of Business Affairs, CFO 50.0 2.0 X 294709 0 55124 Lawrence Singleton Dean, School of Management 50.0 0.0 X 275441 0 73409 Thomas Wermuth VP of Acdademic Affairs 50.0 1.0 X 291620 0 46139 Roger Norton Dean, Computer Science & Math 50.0 0.0 X 261980 0 55677 Christopher Delgiorno VP of College Advancement 50.0 0.0 X 253063 0 63598 Deborah Dicaprio VP/Dean of Student Affairs 50.0 1.0 X 230985 0 53718 Daniel Szpiro Dean, Professional Programs 50.0 0.0 X 237057 0 30305 Justin Butwell Director of Physical Plant 50.0 2.0 X 202813 0 60894 John Ritschdorff Assoc. VP of Academic Affairs 50.0 0.0 X 207310 0 49566 Michael Maker Frmr Head Coach, Men's B'ball 0.0 0.0 X 244078 0 0 Christina Daniele VP of Human Resources 50.0 1.0 X 161655 0 53113 Emily Saland Chief of Staff/Secretary 50.0 0.0 X 136848 0 56033 Ellen M Hancock Immediate Past Chair 1.0 0.0 X X 0 0 0 Ross A Mauri Chair 2.0 0.0 X X 0 0 0 Robert R Dyson Trustee 1.0 0.0 X 0 0 0 Neil Bender Trustee 1.0 0.0 X 0 0 0 Timothy G Brier Trustee 1.0 0.0 X 0 0 0 James A Cannavino Trustee 1.0 0.0 X 0 0 0 Stephen Cosgrove Trustee 1.0 0.0 X 0 0 0 Steven Effron Trustee 1.0 0.0 X 0 0 0 Stanley E Harris Trustee 1.0 0.0 X 0 0 0 Daniel G Hickey Sr Trustee 1.0 0.0 X 0 0 0 James P Honan Trustee 1.0 0.0 X 0 0 0 Brother John Klein Trustee 1.0 0.0 X 0 0 0 Suresh Kothapalli Trustee 1.0 0.0 X 0 0 0 Patrick M Lavelle Trustee 1.0 0.0 X 0 0 0 Christopher G McCann Vice Chair 1.0 0.0 X 0 0 0 Genine McCormick Trustee 1.0 0.0 X 0 0 0 John P O'Shea Trustee 1.0 0.0 X 0 0 0 Susan L Cohen Trustee 1.0 0.0 X 0 0 0 Laurie DeJong Trustee 1.0 0.0 X 0 0 0 Mark V Dennis Trustee 1.0 0.0 X 0 0 0 Donald Duet Trustee 1.0 0.0 X 0 0 0 Thomas J Ward Trustee 1.0 0.0 X 0 0 0 Jerome A Pickett Trustee 1.0 0.0 X 0 0 0 Brother Sean Sammon Trustee 1.0 0.0 X 0 0 0 Tim Tenney Vice Chair 1.0 0.0 X 0 0 0 Alvin Patrick Trustee 1.0 0.0 X 0 0 0 Robert Shanahan Trustee 1.0 0.0 X 0 0 0 Maureen O'Rourke Trustee 1.0 0.0 X 0 0 0 Elizabeth M Wolf Trustee 1.0 0.0 X 0 0 0 Greg Gartland Trustee 1.0 0.0 X 0 0 0 Denise Vanech Trustee 1.0 0.0 X 0 0 0 James M Barnes Trustee 1.0 0.0 X 0 0 0 Eileen Altobelli Trustee (Eff 06/2020) 1.0 0.0 X 0 0 0 Michael C Duffy Trustee (Thru 06/2020) 1.0 0.0 X 0 0 0 Daniel E Moran II Trustee (Thru 06/2020) 1.0 0.0 X 0 0 0 5639261 0 1130283 183 true true false Daniel O'Connells Sons Inc 480 Hampden Street HOLYOKE MA 01040 Construction 25755450 Sodexo Inc and Affiliates 9801 Washington Boulevard GAITHERSBURG MD 20878 Food Service 10392820 Comfort Systems USA Inc 6500 New Venture Gear Drive EAST SYRACUSE NY 13057 HVAC 2022815 Petretti Associates LLC 270 Madison Avenue Suite 704 NEW YORK NY 10016 Construction 2020272 Commercial Industrial Construction 9 Weyants Lane NEWBURGH NY 12550 Construction 1581924 62 5507146 7448671 130633 12955817 TUITION & FEES 611710 235609340 235609340 ROOM & BOARD 721310 42833415 42833415 278442755 2481681 2481681 0 0 0 0 0 106006792 96736125 9270667 9270667 9270667 0 0 0 83740 13395 70345 70345 0 0 0 CLOUD COMPUTING 541511 1121797 0 1121797 0 ATHLETICS 711210 821122 0 0 821122 STUDENT CLUB ACTIVITIES 900099 655810 0 0 655810 2795914 0 310282 2485632 5394643 308615908 278442755 1432079 15785257 X 250000 250000 82649645 82649645 0 0 4650672 1209424 2559236 882012 0 80764423 73378920 6323185 1062318 7235283 6156594 993463 85226 18162796 16213585 1539969 409242 6334167 5698174 542835 93158 6460704 6460704 556305 556305 316154 316154 0 194215 194215 1342397 1342397 4843254 4085809 651129 106316 2057715 1900119 157372 224 4573584 3842552 647782 83250 4970562 4497818 405209 67535 1260693 1204103 28370 28220 8874567 8250024 593477 31066 3288468 3053924 180056 54488 0 477272 446618 28877 1777 7027036 7000266 26770 0 18453636 17750406 589262 113968 1472147 334898 1137249 INTERNATIONAL PROGRAM 8212924 8212924 0 0 CATERING/EVENTS/HOSPITALITY 1735356 1221531 481300 32525 SCHOLARSHIP EXPENSE 1602703 1602703 0 0 UNIFORMS/ATHLETIC EQUIPMENT 928183 928183 0 0 2742538 2742538 281437399 259091462 19100397 3245540 X 191247 107632 44610199 58158236 6081140 5739100 7381318 7311686 0 0 0 0 5993706 4993921 343756 356601 1359203 1378355 649662456 242486790 409387089 407175666 54924792 63242589 241809758 249293989 0 0 0 0 19945347 8173074 792027555 805930849 29732420 28028830 0 0 11353741 10059105 199060917 191781307 0 0 0 0 0 0 0 0 23246069 23978155 263393147 253847397 X 442309368 461586417 86325040 90497035 528634408 552083452 792027555 805930849 X 27178509 4502553 -1342397 -6889621 X false true X true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false false false true false 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 DOES NOT PROVIDE AN ALLOCATION OF THE ANNUAL DUES TO LOBBYING EFFORTS UNLESS THE INFORMATION IS REQUESTED. THE PORTION OF ANNUAL DUES INVOLVED IN LOBBYING ACTIVITIES IS DE MINIMIS. THIS REPRESENTS THE ONLY LOBBYING ACTIVITIES OF THE COLLEGE. 7851125 X X X false false 297590169 5383555 11779580 1312584 555187 312885533 71167181 209988347 18379482 1232114 712727 297590169 64696887 2091573 6000293 1845348 -223776 71167181 56451498 515777 9167697 1455149 -17064 64696887 56960149 3523439 -3181025 711072 139993 56451498 0.77900 0.22100 false false 7975076 7975076 372508359 116589790 255918569 170605266 55038976 115566290 83212795 67779248 15433547 15360960 3078776 12282184 407175666 DIRECT FOREIGN INVESTMENTS 127702721 F OTHER ALTERNATIVE INVESTMENTS 121591268 F 249293989 0 ACCRUED POST RETIREMENT-BENEFITS 10949553 INTEREST RATE SWAP OBLIGATION 6806346 US GOV'T GRANT REFUNDABLE 4950976 CAPITAL LEASE OBLIGATIONS 986289 ANNUITIES PAYABLE 284991 23978155 X 219861217 4502555 -9265203 -4762648 224623865 1342397 82649646 83992043 308615908 198988153 1542797 1542797 197445356 1342397 82649646 83992043 281437399 PART III, LINE 4 COLLECTION OF ARTWORKS THE COLLEGE HOLDS A CULTURALLY AND HISTORICALLY DIVERSE COLLECTION OF ARTWORK, BOOKS, SCULPTURES, ARCHIVES, FILM REELS AND VARIOUS MEDIA THAT SERVE PRIMARILY AS LEARNING AND RESEARCH RESOURCES FOR FACULTY AND STUDENTS. PART V, LINE 4 ENDOWMENT FUNDS ENDOWMENT FUNDS ARE INTENDED TO BE USED FOR SCHOLARSHIPS AND TO SUPPORT ACADEMIC PROGRAMS OF THE COLLEGE. PART X, LINE 2 FIN 48 DISCLOSURE TAX EFFECTS FROM AN UNCERTAIN TAX POSITION ARE RECOGNIZED IN THE CONSOLIDATED FINANCIAL STATEMENTS ONLY IF THE POSITION IS "MORE-LIKELY-THAN-NOT" TO BE SUSTAINED IF THE POSITION WERE TO BE CHALLENGED BY A TAXING AUTHORITY. THE ASSESSMENT OF THE TAX POSITION IS BASED SOLELY ON THE TECHNICAL MERITS OF THE POSITION, WITHOUT REGARD TO THE LIKELIHOOD THAT THE TAX POSITION MAY BE CHALLENGED. THE COLLEGE IS EXEMPT FROM INCOME TAX UNDER IRC SECTION 501(C)(3), THOUGH IT IS SUBJECT TO TAX ON INCOME UNRELATED TO ITS EXEMPT PURPOSES, UNLESS THAT INCOME IS OTHERWISE EXCLUDED BY THE CODE. PART XI, LINE 2D REALIZED/ UNREALIZED GAIN $ (9,119,366) DISPOSAL OF FIXED ASSETS $ (145,837) -------------- TOTAL $ (9,265,203) PART XI, LINE 4B SCHOLARSHIPS $82,649,646 PART XII, LINE 2D MRPS DEPRECIATION $1,542,797 PART XII, LINE 4B SCHOLARSHIPS $82,649,646 true true true true true true true false false false false false false false false true false true SCHEDULE E, LINE 3 THE COLLEGE PUBLICIZES ITS RACIALLY NONDISCRIMINATORY POLICY ON ITS WEBSITE (MARIST.EDU) TO MAKE THE POLICY KNOWN TO ALL PARTS OF THE GENERAL COMMUNITY IT SERVES. SCHEDULE E, LINE 6A THE COLLEGE RECEIVES FINANCIAL AID AND OTHER GRANTS FROM FEDERAL AND STATE AGENCIES. Europe (Including Iceland and Greenland) 2 6 Program Services ADMIN & EDUCATION 9462317 Central America and the Caribbean Investments 125486547 Europe (Including Iceland and Greenland) Investments 2216174 Central America and the Caribbean Program Services EDUCATIONAL 79675 East Asia and the Pacific Program Services EDUCATIONAL 1231508 Russia and the Newly Independent States Program Services EDUCATIONAL 11950 Sub-Saharan Africa Program Services EDUCATIONAL 18500 Middle East and North Africa Program Services EDUCATIONAL 26397 South Asia 4 Program Services ADMIN & EDUCATION 12500 South America Program Services EDUCATIONAL 18273 2 10 2 10 138563841 138563841 true false true true true false SCHEDULE F, PART IV MARIST COLLEGE 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. X X X X X X X true Matt Daly 22 Upper Main Street Apt C Sharon CT 06069 Solicit Funds false 52500 54636 -2136 Washburn McGoldrick 24 N Bryn Mawr Ave 252 Bryn Mawr PA 19010 CONSULTANT false 0 29139 -29139 EAB Global Incorporated PO Box 603519 Charlotte NC 28260 CONSULTANT false 131282 110440 20842 183782 194215 -10433 AL AK AZ AR CA CO CT DE FL GA HI ID IL IN IA KS KY LA ME MD MA MI MN MO MT NE NV NH NJ NM NY NC ND OH OK OR PA RI SC SD TN TX UT VT VA WA WV WI WY 83740 11000 2000 395 true 1.00000 83740 11000 2000 395 13395 70345 NY true false false false 1.00000 Brandon James 3399 North Rd Poughkeepsie NY 12601 false Tim Murray Oversees all aspects of gaming activities X false SCHEDULE G, PART I - HIGHEST PAID FUNDRAISER No specific gross receipts are attributable to Washburn & McGoldrick as their consulting services support almost all fundraising activities of Marist College. SCHEDULE G, PART III, LINE 16 THE INDIVIDUAL IN CHARGE OF OVERSEEING THE FOUNDATION'S GAMING Activities is NOT COMPENSATED FOR THAT JOB RESPONSIBILITY; HE UNDERTAKES THIS ROLE AS PART OF HIS ORDINARY BUSINESS ENDEAVORS. true FAIRVIEW FIRE DISTRICT 258 VIOLET AVENUE POUGHKEEPSIE NY 12601 146000328 501 (A) 250000 0 COMMUNITY ASSISTANCE 1 INSTITUTIONAL SCHOLARSHIP 5843 82649645 0 ORGANIZATION'S PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS PART I, LINE 2 THE COLLEGE PROVIDES SCHOLARSHIPS AND FINANCIAL AIDS TO STUDENTS BASED ON NEED AND ACADEMIC PERFORMANCE. THE FUNDS ARE CREDITED DIRECTLY TO THE STUDENT'S ACCOUNT. RECORDS ARE MAINTAINED IN ACCORDANCE WITH THE COLLEGE'S POLICIES. THE COLLEGE'S FINANCIAL AID OFFICE ADHERES STRICTLY TO ALL FEDERAL AND STATE REGULATIONS AND IS SUBJECT TO THE COMPLIANCE AND INTERNAL CONTROLS REPORTS AS REQUIRED BY TITLE 2 U.S. CODE OF FEDERAL REGULATIONS PART 200, UNIFORM ADMINISTRATIVE REQUIREMENTS, COST PRINCIPLES, AND AUDIT REQUIREMENTS FOR FEDERAL AWARDS AND GOVERNMENT AUDITING STANDARDS AND RELATED INFORMATION (FORMERLY OMB A-133). PART II, LINE 1D MARIST COLLEGE VOLUNTARILY CONTRIBUTES TO THE FAIRVIEW FIRE DISTRICTS ANNUAL FUNDRAISING CAMPAIGN AND CONTRIBUTES FUNDS FOR CAPITAL IMPROVEMENTS. X X X true true X X X X X false true false false false false false true false David Yellen Former President 714662 0 0 0 42982 0 114400 0 67672 0 939716 0 0 0 Dennis J Murray Interim President 600796 0 100000 0 14650 0 33600 0 39935 0 788981 0 0 0 Geoffrey L Brackett Executive Vice President 400533 0 0 10522 0 87888 0 24628 0 523571 0 0 0 John Dunne Head Coach, Men's Basketball 349363 0 0 0 8889 0 21000 0 12404 0 391656 0 0 0 Sean P Kaylor VP of Admissions & Enrollment 292719 0 0 4230 0 33600 0 36858 0 367407 0 0 0 Lee Miringoff Director of MIPO 278505 0 17500 0 6351 0 33600 0 27122 0 363078 0 0 0 John Pecchia VP of Business Affairs, CFO 294709 0 0 0 0 0 29400 0 25724 0 349833 0 0 0 Lawrence Singleton Dean, School of Management 275441 0 0 0 0 0 29400 0 44009 0 348850 0 0 0 Thomas Wermuth VP of Acdademic Affairs 291620 0 0 0 0 0 33600 0 12539 0 337759 0 0 0 Roger Norton Dean, Computer Science & Math 246980 0 15000 0 0 0 30071 0 25606 0 317657 0 0 0 Christopher Delgiorno VP of College Advancement 250331 0 0 0 2732 0 26845 0 36753 0 316661 0 0 0 Deborah Dicaprio VP/Dean of Student Affairs 230985 0 0 0 0 0 28152 0 25566 0 284703 0 0 0 Daniel Szpiro Dean, Professional Programs 237057 0 0 0 0 0 17906 0 12399 0 267362 0 0 0 Justin Butwell Director of Physical Plant 187813 0 15000 0 0 0 23298 0 37596 0 263707 0 0 0 John Ritschdorff Assoc. VP of Academic Affairs 207310 0 0 0 0 0 23276 0 26290 0 256876 0 0 0 Michael Maker Frmr Head Coach, Men's B'ball 244078 0 0 0 0 0 0 0 0 0 244078 0 0 0 Christina Daniele VP of Human Resources 161655 0 0 0 0 0 17564 0 35549 0 214768 0 0 0 Emily Saland Chief of Staff/Secretary 119348 0 17500 0 0 0 13722 0 42311 0 192881 0 0 0 SCHEDULE J, PART I, LINE 1A TRAVEL FOR COMPANIONS TRAVEL FOR COMPANION IS VERY LIMITED AND ALWAYS INCLUDES A CLEAR BUSINESS PURPOSE FOR THE COMPANION AND MUST BE PRE-APPROVED BY THE PRESIDENT. PRESIDENT'S COMPANION IS APPROVED BY THE CHAIR OF BOARD OF TRUSTEES. ALL TRAVEL BENEFITS PROVIDED WERE DETERMINED TO BE FOR A BUSINESS PURPOSE AND THEREFORE NOT INCLUDED IN TAXES AND WAGES. SCHEDULE J, PART I, QUESTION 1A HOUSING ALLOWANCE OR RESIDENCE FOR PERSONAL USE THE PRESIDENT AND INTERIM PRESIDENT OF THE COLLEGE ARE PROVIDED WITH HOUSING IN CLOSE PROXIMITY TO THE CAMPUS IN ORDER FOR THEM TO ATTEND TO EMERGENT SITUATIONS ON A 24/7 BASIS. THE HOUSING IS PROVIDED AS A CONDITION OF EMPLOYMENT, IS USED FOR COLLEGE BUSINESS AND ENTERTAINMENT PURPOSES AND AS A CONVENIENCE TO THE COLLEGE TO ENABLE THEM TO PERFORM THEIR DUTIES. THE FAIR MARKET VALUE OF THE RESIDENCES RENTAL IS SHOWN IN COLUMN D, AMOUNTS ARE BASED ON THE VALUE OF PROPERTY. FOR CALENDAR YEAR 2019 THE FORMER PRESIDENT'S HOUSING IS TAXABLE EFFECTIVE JUNE 2019. ACCORDINGLY, THE FORMER PRESIDENT'S HOUSING IS APPORTIONED ACCORDING TO PERSONAL USE AND ARE REPORTED IN COLUMNS D AND B(III) ON SCHEDULE J AS APPROPRIATE. SCHEDULE J, PART I, QUESTION 1A HEALTH OR SOCIAL CLUB DUES OR INITIATION FEES THE COLLEGE PAYS CLUB MEMBERSHIP FEES FOR FOUR EXECUTIVES, WHICH ARE INTENDED TO BE USED EXCLUSIVELY FOR THE COLLEGE'S BUSINESS ENTERTAINMENT OR COLLEGE SPONSORED EVENTS. TO THE EXTENT THERE IS ANY PERSONAL USE OF THESE PRIVILEGES, THE INDIVIDUAL EXECUTIVES ARE TAXED ON THE VALUE OF THE USE. ONLY ONE OF THE FOUR EXECUTIVES ARE TAXED ON PERSONAL USE OF THE MEMBERSHIP. THE OTHER THREE EXECUTIVES USE THE MEMBERSHIP EXCLUSIVELY FOR BUSINESS PURPOSES. PART I, LINE 3 The Executive Committee recommends the Presidents compensation, which is approved by the full Board of Trustees in Executive Session. The recommendation is based on the outcome of the Presidents evaluation (with an emphasis on performance), advice from outside compensation consultants, and a review of recent data from the College and University Professional Associations (CUPA) Administrative Compensation Survey. The Executive committee also discusses the compensation of other leading college and university presidents, comparable non-profit executives, and executives in the private sector. On an annual basis, the colleges executives CUPA comparative data is reviewed by the President and shared with the Boards Executive Committee. SCHEDULE J, PART I, QUESTION 4B SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN THE COLLEGE HAS IN PLACE A NON-QUALIFIED DEFERRED COMPENSATION PLAN FOR THE FORMER PRESIDENT, EXECUTIVE VICE PRESIDENT AND A HEAD COACH. THE ANNUAL ACCRUALS FOR THESE BENEFITS HAVE BEEN REPORTED DESPITE BEING SUBJECT TO A SUBSTANTIAL RISK OF FORFEITURE AND CONTINGENT UPON THE EXECUTIVE'S CONTINUED EMPLOYMENT AT THE COLLEGE. THE VALUE OF THE ACCRUAL FOR CALENDAR YEAR 2019 IS INCLUDED IN THE DEFERRED COMPENSATION COLUMN (COLUMN C) OF SCHEDULE J.(COLUMN C) OF SCHEDULE J. SCHEDULE J, PART I, QUESTION 7 NON-FIXED PAYMENTS ANNUALLY, PAY AWARDS WERE GIVEN IN RECOGNITION OF EMPLOYEES CONTRIBUTIONS TO THE OVERALL SUCCESS OF THE COLLEGE. ANY VARIABLE PAY AWARDS IN FUTURE YEARS WILL BE CONTINGENT ON INDIVIDUAL PERFORMANCE AND THE CONTINUED SUCCESS OF THE COLLEGE. SCHEDULE J, PART II, COLUMN B(III) OTHER REPORTABLE COMPENSATION THE interim president's OTHER REPORTABLE COMPENSATION AMOUNT INCLUDES THE PERSONAL USAGE OF VEHICLE AND HOUSING. A Dutchess County IDA 141613685 267041GN5 2008-01-25 20000000 Student Housing, Parking Lot, RDW false false false B Dutchess County LDC 273106797 267045BL5 2012-05-17 15415962 REFUND BONDS ISSUED ON 3/7/03 false false false C Dutchess County LDC 273106797 267045CV2 2013-03-28 15262546 ADDITION AND RENOV. OF STUDENT CTR false false false D Dutchess County LDC 273106797 267045FF4 2015-06-25 90557609 ALLIED SC BLDG N CAMPUS HOUSING false false false A 5030000 0 20000000 0 0 0 301630 81184 0 19414060 203126 0 2009 false false true true B 9385000 0 15415962 0 0 0 169748 0 0 0 15246214 0 2004 true false true true C 1800000 0 15262546 0 0 0 259259 0 0 15003287 0 0 2014 false false true true D 2840000 0 90557609 0 0 0 851534 0 0 89706075 0 0 2016 false false true true A false false false false 0 false false false true B false false false false 0 false false false true C false false false false 0 false false false true D false false false false 0 false false false true A false false false true true false 0 false false false 0 false true B false false false true false false 0 false false false 0 false true C false false false true false false 0 false false false 0 false true D false false false true false false 0 false false false 0 false true A true B true C true D true . SCHEDULE K AN ASSET MANAGEMENT FIRM PERFORMED AN ARBITRAGE REBATE & YIELD RESTRICTION LIABILITY CALCULATION FOR MARIST COLLEGE. IT WAS COMPLETED ON 11/12/15. BASED ON THEIR FINDINGS, THE COLLEGE WAS FOUND TO BE COMPLIANT. PART II, LINE 7, STUDENT CENTER ADDITION/RENOVATION THE COLLEGE FINANCED A PORTION OF THE COSTS OF ISSUANCE WITH A POST-ISSUE DATE EQUITY CONTRIBUTION AND APPLIED THE ADDITIONAL PROCEEDS TO FINANCE PROJECT COSTS. THE POST-ISSUANCE EQUITY CONTRIBUTION CAUSED THE ACTUAL AMOUNT OF BOND-FINANCED ISSUANCE COSTS TO BE LESS THAN THE AMOUNT REPORTED ON THE FORM 8038. PART II, LINE 10, COLUMNS A & B AMOUNTS LISTED INCLUDE CAPITALIZED DELIVERY DATE EXPENSES NOT SUBJECT TO THE 2 PERCENT LIMITATION IN SECTION 147(G) OF THE CODE. PART IV, LINE 2C, COLUMN A THE REBATE COMPUTATION WAS COMPLETED ON 11/12/2015. PART IV, LINE 2C, COLUMN B THE REBATE COMPUTATION WAS COMPLETED ON 06/22/2017. A Dutchess County LDC 273106797 999999999 2013-09-12 33045000 2013B 1-3REF 1998,1999&2005 BONDS false false false B Dutchess County LDC 273106797 999999999 2016-04-01 13560000 REFUNDING 2000A BONDS false false false C Dutchess County LDC 273106797 267045LM2 2018-10-04 40537062 STEEL PLANT STUDIOS, MCCAN ATHLET false false false A 9264291 0 33045000 0 0 0 272449 0 0 0 32772551 0 2006 true false true true B 2420000 0 13560000 0 0 0 218884 0 0 0 13341116 0 2001 true false true true C 0 0 40537062 0 0 0 537062 0 0 40000000 0 0 2019 false false true true A false false false false 0 false false false true B false false false false 0 false false false true C false false false false 0 false false false true A false false true false true false 0 false false false 0 false true B false true false false true false 0 false false false 0 false true C false true false false false false 0 false false false 0 false true A true B true C true X 14 146321 Avg Price DOT X Athletic Equipment 1 600 MARKET VALUE X Photograpy/printer Equipment 2 3199 MARKET VALUE false true false EXPLANATION OF NONCASH CONTRIBUTIONS MARIST COLLEGE REPORTS THE NUMBER OF CONTRIBUTIONS RECEIVED IN COLUMN B, NOT THE NUMBER OF ITEMS. PROGRAM SERVICE ACCOMPLISHMENTS (CONTINUED) FORM 990, PART III, LINE 4A FOUNDED IN 1929, MARIST'S 228-ACRE CAMPUS OVERLOOKS THE HUDSON RIVER IN THE HEART OF THE HISTORIC HUDSON VALLEY AND IS SITUATED MIDWAY BETWEEN NEW YORK CITY AND ALBANY, THE STATE CAPITAL. WHAT STARTED AS A SCHOOL FOR THE TRAINING OF FUTURE MARIST BROTHERS HAS DEVELOPED INTO ONE OF THE MOST SELECTIVE COLLEGES IN THE NATION. MARIST IS ECUMENICAL IN CHARACTER AND REFLECTS THE IDEALS OF THE MARIST BROTHERS' FOUNDER, ST. MARCELLIN CHAMPAGNAT: COMMITMENT TO EXCELLENCE IN EDUCATION, THE IMPORTANCE OF COMMUNITY, AND DEDICATION TO THE PRINCIPLE OF SERVICE. MARIST COLLEGE IS DEDICATED TO THE DEVELOPMENT OF THE WHOLE PERSON IN A WAY THAT WILL PREPARE OUR GRADUATES TO LEAD ENLIGHTENED, ETHICAL, AND PRODUCTIVE LIVES IN THE GLOBAL COMMUNITY OF THE 21ST CENTURY. EFFECTIVE JANUARY 2018, THE COLLEGE ASSUMED CONTROL OF THE OPERATIONS OF SPROUT CREEK FARM INC. ("SPROUT CREEK") A NOT-FOR-PROFIT ORGANIZATION IN LAGRANGE, NEW YORK. SEVERAL OFFICERS OF THE COLLEGE ALSO SERVE AS OFFICERS OF SPROUT CREEK. IN APRIL 2020, THE COLLEGE DETERMINED THE FARM COULD NOT SUSTAIN ITS OPERATION. THE BOARD OF DIRECTORS ARE EVALUATING SEVERAL OPTIONS FOR THE FUTURE OF THE FARM. FORM 990 PART III, LINE 4B STUDENTS ARE HOUSED USING A "RITES OF PASSAGE" PHILOSOPHY, WHICH RECOGNIZES THAT A STUDENT'S DEVELOPMENT SHOULD BE SUPPORTED BY HIS/HER LIVING ENVIRONMENT, ANOTHER LARGE AUXILIARY FUNCTION INCLUDES FOOD SERVICE THROUGH BOTH A RESIDENT AND RETAIL DINING PROGRAM. THE RESIDENT DINING OPERATION PROVIDES FOOD ON A DAILY BASIS TO OVER 3,000 PARTICIPANTS. THE CAMPUSS SIX RETAIL CAFES OFFER A WIDE SELECTION OF HOT AND COLD DRINKS, SOUPS, SALADS, SANDWICHES, AND SNACKS. THE CAMPUS DINING EXPERIENCE IS FOCUSED ON CULINARY EXPERTISE, FRESH LOCAL AND REGIONAL INGREDIENTS, HEALTHY OPTIONS, AND A SHARED SENSE OF ENVIRONMENTAL AND SOCIAL RESPONSIBILITY. OTHER CAMPUS AUXILIARY SERVICES INCLUDE A BOOKSTORE, COMPUTER STORE, AND A CAMPUS/COMMUNITY DEBIT CARD ACCOUNT KNOWN AS MARIST MONEY. THROUGHOUT ALL OF THE COLLEGE'S AUXILIARY SERVICES, AN EMPHASIS IS PLACED ON PROMOTING SUSTAINABLE PRACTICES WHERE APPLICABLE AND INCLUDE, BUT ARE NOT LIMITED TO, EDUCATING FACULTY, STAFF, AND STUDENTS ABOUT THE IMPACT OF THEIR ACTIONS ON THE ENVIRONMENT; IDENTIFYING, ESTABLISHING, AND PUBLICIZING SUSTAINABILITY PRINCIPLES, GOALS, AND BEST PRACTICES; PROVIDING A FRAMEWORK FOR GUIDING SUSTAINABLE PROCEDURES, PROGRAMS, AND INITIATIVES; AND MONITORING AND REPORTING PROGRESS ON CAMPUS SUSTAINABILITY INITIATIVES. AMOUNT REPORTED IN BOX 3 OF FORM 1096 FORM 990, PART V, LINE 1A MARIST COLLEGE IS REPORTING THE NUMBER FROM FORM 1096, BOX 3, LESS THE AMOUNT OF FORMS 1098-T PROVIDED TO STUDENTS DURING THE YEAR. FOR 2019, THERE WERE 7,001 FORMS 1098-T ISSUED. ORGANIZATION'S REVIEW PROCESS OF FORM 990 FORM 990, PART VI, LINE 11B THE ORGANIZATION'S FORM 990 IS PRESENTED TO THE AUDIT COMMITTEE BY THE INDEPENDENT ACCOUNTING FIRM AND REVIEWED BY THE BOARD OF TRUSTEES PRIOR TO FILING. ENFORCEMENT AND COMPLIANCE OF CONFLICTS OF INTEREST POLICY FORM 990, PART VI, LINE 12C AS AN ON-GOING PRACTICE AND AS REQUIRED BY OUR CODE OF ETHICS, ALL TRUSTEES ARE REQUIRED TO COMPLETE CONFLICT OF INTEREST STATEMENTS ON AN ANNUAL BASIS IN WHICH THEY ARE ASKED TO DISCUSS ANY BUSINESS RELATIONSHIPS THEY OR A MEMBER OF THEIR FAMILIES HAVE WITH THE COLLEGE. THE AUDIT COMMITTEE REVIEWS THESE STATEMENTS FOR COMPLIANCE ANNUALLY. OUR CODE OF ETHICS ALSO REQUIRES THAT ALL EXECUTIVES, DEANS AND SELECTED STAFF WITH FISCAL RESPONSIBILITIES FOR THE COLLEGE COMPLETE A CONFLICT OF INTEREST STATEMENT ANNUALLY. COMPLETED STATEMENTS THAT INDICATE A POTENTIAL CONFLICT OF INTEREST ARE REVIEWED BY THE CHIEF FINANCIAL OFFICER, VICE PRESIDENT FOR HUMAN RESOURCES, AND THE EXECUTIVE VICE PRESIDENT. IF A CONFLICT EXISTS, APPROPRIATE ACTION IS TAKEN TO ENSURE FULL DISCLOSURE OR TERMINATION OF THE ARRANGEMENT. COMPENSATION PROCESS FOR TOP MANAGEMENT OFFICIAL FORM 990, PART VI, LINE 15A THE COMPENSATION AND RETIREMENT PROGRAM FOR THE PRESIDENT WAS BASED ON A COMPREHENSIVE ANALYSIS CONDUCTED BY AN INDEPENDENT EXECUTIVE COMPENSATION CONSULTING FIRM. THE PRESIDENT'S CONTRACT WAS RECOMMENDED BY THE EXECUTIVE COMMITTEE OF THE BOARD (RESPONSIBLE FOR PRESIDENTIAL EVALUATION AND COMPENSATION), AND APPROVED BY THE FULL BOARD OF TRUSTEES. THE PRESIDENT'S PERFORMANCE IS REVIEWED ON AN ANNUAL BASIS BY THE EXECUTIVE COMMITTEE OF THE BOARD AND CHANGES IN COMPENSATION ARE RECOMMENDED TO THE FULL BOARD FOR APPROVAL. THE EXECUTIVE COMMITTEE OF THE BOARD BASES ITS RECOMMENDATIONS FOR ADJUSTMENTS ON PERFORMANCE AND A REVIEW OF APPROPRIATE COLLEGE AND UNIVERSITY PERSONNEL ASSOCIATION (CUPA) DATA ON PRESIDENTIAL COMPENSATION AND THE PROCESS AND DECISION IS CONTEMPORANEOUSLY DOCUMENTED IN THE MINUTES. COMPENSATION PROCESS FOR OFFICERS AND KEY EMPLOYEES FORM 990, PART VI, LINE 15B SENIOR OFFICER COMPENSATION IS ESTABLISHED AFTER A REVIEW OF COMPENSATION DATA FROM CUPA AT PRIVATE INSTITUTIONS OF HIGHER EDUCATION BASED ON ANNUAL BUDGET SIZE AND ENROLLMENT. IN ADDITION TO SALARY COMPARABILITY AT OTHER INSTITUTIONS, PERFORMANCE AND YEARS OF SERVICE IN THE POSITION ARE ALSO FACTORS CONSIDERED BY THE PRESIDENT IN DETERMINING A SENIOR OFFICER'S ANNUAL SALARY. ONCE THE PRESIDENT HAS COMPLETED HIS REVIEW OF SENIOR OFFICER COMPENSATION, THE PRESIDENT'S RECOMMENDATIONS ARE BROUGHT TO THE BOARD OF TRUSTEES FOR REVIEW AND APPROVAL. GOVERNING DOCUMENTS DISCLOSURE FORM 990, PART VI, LINE 19 THE COLLEGE'S GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST FROM THE OFFICE OF THE CHIEF FINANCIAL OFFICER. THE FINANCIAL STATEMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE ON THE COLLEGE'S WEBSITE AT MARIST.EDU. SCHOLARSHIP EXPENSE Form 990, Part IX, Line 24c As part of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), Marist College received a federal grant as part of the Higher Education Emergency Relief Fund (HEERF). The HEERF amount received of $1,161,525 is included on Part IX, Line 24c as Scholarship Expense and was distributed to 2,769 students. OTHER CHANGES IN NET ASSETS FORM 990, PART XI, LINE 9 MRPS NET CHANGE IN FIXED ASSETS $ (3,719,503) CHANGE IN INTEREST RATE SWAP OBLIGATION, OTHER $ (1,665,486) PENSION & POST RETIREMENT CHANGES $ 56,084 MRPS DEPRECIATION $ (1,542,797) PAYMENT TO BENEFICIARIES $ (17,919) _____________ $ (6,889,621) VAYU LLC 3399 NORTH ROAD POUGHKEEPSIE NY 12601 133727712 EDUCATIONAL NY 0 14359621 MARIST COL Marist Real Property Services Inc 3399 North Road Poughkeepsie NY 12601 141785087 Real Prop NY 501 (C) (3) 12A Marist Coll true Sprout Creek Farm Inc 34 Lauer Road Poughkeepsie NY 12603 273511754 Educational NY 501 (C) (3) 10 Marist Coll true MARIST REAL PROPERTY SERVICES TWO INC 3399 NORTH ROAD POUGHKEEPSIE NY 12601 141825215 REAL PROP NY MARIST COL C Corp 175000 1.00000 true false false false false false false false false false false false false false false true false false true false SPROUT CREEK FARM INC O 34919 Wages & Bnfts SPROUT CREEK FARM INC R 812303 Operating Needs SPROUT CREEK FARM INC R 397384 Capital Costs