2021-04-21T10:49:14-05:00 2020-06-30 GRANT THORNTON LLP 757 THIRD AVENUE 3RD FLOOR NEW YORK NY 100172013 990 2019-07-01 150532204 Ithaca College % WILLIAM GUERRERO VP FINANCE ITHA 6072743118 953 DANBY ROAD ITHACA NY 14850 WILLIAM GUERRERO VP FIN&ADMIN 6072743118 2021-02-26 true Scott Thompsett P00741490 2125990100 2021-02-26 2019 2022-09-23 18:48:47Z SHIRLEY M COLLADO 953 DANBY ROAD ITHACA NY 14850 482948718 false X WWW.ITHACA.EDU X 1892 NY A GLOBAL DESTINATION FOR BOLD THINKERS SEEKING TO BUILD THRIVING COMMUNITIES, OUR MISSION IS TO EDUCATE, ENGAGE, AND EMPOWER THROUGH THEORY, PRACTICE, AND PERFORMANCE. 28 22 5480 24 161698 39384802 12002902 356614433 335790105 10956608 16637996 1718674 1248636 408674517 365679639 138207660 139394709 0 0 155098135 154287643 71222 5893 3274679 95433936 76805420 388810953 370493665 19863564 -4814026 848522055 834703732 194975176 202469395 653546879 632234337 X VISION: A GLOBAL DESTINATION FOR BOLD THINKERS SEEKING TO BUILD THRIVING COMMUNITIES. MISSION: EDUCATE, ENGAGE, AND EMPOWER THROUGH THEORY, PRACTICE, AND PERFORMANCE. VALUES: ACADEMIC EXCELLENCE, RESPECT AND ACCOUNTABILITY, INNOVATION, SUSTAINABILITY, AND EQUITY. ALL OF THESE VALUES ARE INTERRELATED AND EQUALLY CRITICAL TO ACCOMPLISHING ITHACA COLLEGE'S VISION AND MISSION. ACADEMIC EXCELLENCE. ITHACA COLLEGE VIEWS ACADEMIC EXCELLENCE AS THE INTEGRATION OF THEORY, PRACTICE, AND PERFORMANCE. THE COLLEGE'S UNIQUE FUSION OF THE LIBERAL ARTS AND PROFESSIONAL PROGRAMS ASSUMES THAT KNOWLEDGE NEEDS TO INFORM AND BE INFORMED BY HANDS-ON EXPERIENCE, REAL-LIFE APPLICATION, AND CONCRETE ACTION. CURRICULAR AND CO-CURRICULAR ACTIVITIES SHOULD PROVIDE ALL COMMUNITY MEMBERS WITH OPPORTUNITIES TO DEVELOP, DEBATE, AND CRITICALLY EVALUATE STRATEGIES TO ADDRESS COMPLEX PROBLEMS. RESPECT AND ACCOUNTABILITY. MUTUAL CARE, RESPECT, AND ACCOUNTABILITY ARE EXPECTED IN ALL FACETS OF INSTITUTIONAL LIFE. ITHACA CO false false 233664207 139344340 274857711 INSTRUCTION, RESEARCH, AND PUBLIC SERVICE: ITHACA COLLEGE IS A PRIVATE, NONSECTARIAN, COEDUCATIONAL LIBERAL ARTS COLLEGE LOCATED IN ITHACA, NEW YORK. THE PRINCETON REVIEW CONSISTENTLY NAMES THE COLLEGE AMONG THE BEST COLLEGES IN THE NATION, WITH "THE BEST 386 COLLEGES: 2021 EDITION" RANKING THE COLLEGE #1 FOR THEATER, #2 FOR NEWSPAPER, AND #5 FOR RADIO STATION. IN FALL 2019, THE COLLEGE ENROLLED 5,739 FULL-TIME AND 113 PART-TIME UNDERGRADUATE STUDENTS AS WELL AS 414 GRADUATE STUDENTS. APPROXIMATELY 70% OF THE UNDERGRADUATE STUDENT BODY RESIDES IN ON-CAMPUS HOUSING. FOR THE 2019-2020 ACADEMIC YEAR, THE COLLEGE CONFERRED 1,391 UNDERGRADUATE AND 275 GRADUATE DEGREES, AND EMPLOYED 520 FULL-TIME AND 188 PART-TIME AND ADJUNCT FACULTY. THE COLLEGE OFFERS A CURRICULUM WITH MORE THAN 100 DEGREE PROGRAMS IN ITS FIVE SCHOOLS. ROY H. PARK SCHOOL OF COMMUNICATIONS: THE SCHOOL OF COMMUNICATIONS, RECOGNIZED AS A LEADING UNDERGRADUATE COMMUNICATIONS SCHOOL, IS KNOWN FOR ITS PROMINENT STUDENT-RUN MEDIA VEHICLES, INCLUDING: THE ITHACAN, THE COLLEGE'S OFFICIAL WEEKLY NEWSPAPER; ITHACA COLLEGE TELEVISION; AND THE WICB RADIO STATION. THE SCHOOL ALSO OFFERS THE LOS ANGELES PROGRAM, AN INTERNSHIP-BASED PROGRAM THAT PROVIDES STUDENTS WITH PROFESSIONAL EXPERIENCE IN THEIR CHOSEN FIELD WHILE TAKING INDUSTRY-RELATED COURSES AT THE JAMES B. PENDLETON CENTER, LOCATED MINUTES FROM BURBANK AND HOLLYWOOD. SCHOOL OF BUSINESS: ACCREDITED BY THE ASSOCIATION OF ADVANCE COLLEGIATE SCHOOLS OF BUSINESS (AACSB), THE SCHOOL OF BUSINESS OFFERS A RIGOROUS PROFESSIONAL EDUCATION, OFFERING A RANGE OF UNDERGRADUATE PROGRAMS, CONCENTRATIONS, AND MINORS, AS WELL AS GRADUATE LEVEL AND CERTIFICATE PROGRAMS. STUDENTS PARTICIPATE IN THE PROFESSIONS PROGRAM, A PROFESSIONAL DEVELOPMENT CURRICULUM THAT ALLOWS STUDENTS TO DEVELOP PROGRESSIVE SKILLS AND GAIN EXPERIENCES THAT WILL PREPARE THEM FOR COMPETITIVE INTERNSHIPS AND CAREERS. SCHOOL OF MUSIC: TRACING ITS ROOTS TO THE COLLEGE'S FOUNDING IN 1892 AS A CONSERVATORY OF MUSIC, THE SCHOOL OF MUSIC PROVIDES STATE-OF-THE-ART FACILITIES, FEATURES OVER 25 ENSEMBLES, AND PRESENTS ABOUT 400 PERFORMANCES ANNUALLY. THE SCHOOL IS HOST TO SEVERAL SUMMER MUSIC OPPORTUNITIES TO MUSICIANS OF ALL AGES, INCLUDING THE SUMMER MUSIC ACADEMY AND THE SUMMER PIANO INSTITUTE. THROUGH THE MUSIC IN THE COMMUNITY PROGRAM, THE SCHOOL CONNECTS STUDENTS WITH THE COMMUNITY BY CREATING PERFORMANCE AND TEACHING OPPORTUNITIES IN THE GREATER ITHACA AREA. SCHOOL OF HUMANITIES & SCIENCES (H&S): A LIBERAL ARTS EDUCATION IN THE SCHOOL OF H&S PREPARES STUDENTS FOR LIFE IN A RAPIDLY CHANGING, MULTICULTURAL, AND GLOBALLY INCLUSIVE WORLD. H&S STUDENTS RECEIVE A BROAD FOUNDATIONAL UNDERSTANDING OF ISSUES FACING THE HUMAN COMMUNITY. STUDENTS BUILD THEIR OWN INTEGRATIVE AND CROSS-DISCIPLINARY VERSION OF AN H&S EDUCATION. THE DEPARTMENT OF THEATRE ARTS DRAWS STUDENTS FROM ACROSS THE UNITED STATES AND THE WORLD, AND IS ACCREDITED BY THE NATIONAL ASSOCIATION OF SCHOOLS OF THEATRE. SCHOOL OF HEALTH SCIENCES AND HUMAN PERFORMANCE (HS&HP): THE SCHOOL OF HS&HP'S STUDENTS TOUCH PEOPLE'S LIVES AS CLINICIANS, THERAPISTS, RESEARCHERS, ADMINISTRATORS, RECREATION AND SPORT PROFESSIONALS. HS&HP STUDENTS CHOOSE FROM MORE THAN 1,700 ORGANIZATIONS ACROSS THE NATION TO ENGAGE IN INTERNSHIPS AND FIELDWORK, AND CAN HELP CLIENTS AT ONE OF FOUR ON-CAMPUS CLINICS. THE SCHOOL OFFERS A RANGE OF UNDERGRADUATE PROGRAMS, AS WELL AS GRADUATE PROGRAMS IN AREAS OF EXERCISE AND SPORT SCIENCES, HEALTH PROMOTION AND PHYSICAL EDUCATION, OCCUPATIONAL THERAPY, PHYSICAL THERAPY, AND SPEECH-LANGUAGE PATHOLOGY AND AUDIOLOGY. STUDENTS ARE ENCOURAGED TO PARTICIPATE IN ONE OF THE COLLEGE'S MANY STUDY ABROAD OPPORTUNITIES. THE COLLEGE OPERATES THE ITHACA COLLEGE LONDON CENTER, WHICH IS LOCATED IN THE HEART OF THE ROYAL BOROUGH OF KENSINGTON AND CHELSEA AND IS AMONG THE LONGEST-STANDING STUDY ABROAD PROGRAMS IN LONDON. THE COLLEGE PROVIDES STUDENTS OPPORTUNITIES TO ENGAGE IN EXPERIENTIAL LEARNING THROUGH SCHOLARSHIP, RESEARCH, AND CREATIVE PERFORMANCE WITH FACULTY AND STAFF MEMBERS. RESEARCH IS FUNDED SUBSTANTIALLY BY PRIVATE AND GOVERNMENTAL AGENCIES. DURING THE 2019-2020 ACADEMIC YEAR, FACULTY MEMBERS AND OTHERS ENGAGED IN SPONSORED RESEARCH RECEIVED $1.0 MILLION IN AWARDS FROM EXTERNAL FUNDING AGENCIES. 41249050 0 59433199 AUXILIARY SERVICES: AUXILIARY ENTERPRISES EXIST TO FURNISH GOODS OR SERVICES TO STUDENTS, FACULTY, STAFF, AND OTHER INSTITUTIONAL DEPARTMENTS. AUXILIARY ENTERPRISES ARE MANAGED TO OPERATE AS SELF-SUPPORTING ACTIVITIES. MAJOR AUXILIARY ENTERPRISES AT THE COLLEGE INCLUDE THE FOLLOWING: DINING SERVICES, WHICH OPERATES MULTIPLE RESIDENTIAL AND RETAIL DINING FACILITIES LOCATED THROUGHOUT THE CAMPUS; THE CAMPUS STORE, WHICH PURVEYS TEXTBOOKS, APPAREL, SUPPLIES AND ACCESSORIES; CONFERENCE AND EVENT SERVICES, WHICH PROVIDES A FULL RANGE OF MEETING AND EVENT SERVICES; AND THE HAMMOND HEALTH CENTER, ACCREDITED BY THE ACCREDITATION ASSOCIATION FOR AMBULATORY HEALTH CARE, INC. 27970409 47869 2087752 STUDENT SERVICES: STUDENT SERVICES INCLUDES EXPENSES INCURRED FOR OFFICES OF ADMISSIONS AND THE REGISTRAR, STUDENT AID ADMINISTRATION, AND ACTIVITIES WITH THE PRIMARY PURPOSE OF CONTRIBUTING TO STUDENTS' EMOTIONAL AND PHYSICAL WELL-BEING AND INTELLECTUAL, CULTURAL, AND SOCIAL DEVELOPMENT OUTSIDE THE CONTEXT OF THE FORMAL INSTRUCTION PROGRAM. STUDENT SERVICES ALSO INCLUDES THE COLLEGE'S MULTITUDE OF ATHLETICS PROGRAMS. THE COLLEGE'S VARSITY TEAMS COMPETE AT THE DIVISION III LEVEL OF THE NCAA. THE COLLEGE IS ALSO A MEMBER OF THE EASTERN COLLEGE ATHLETIC CONFERENCE AND THE LIBERTY LEAGUE. INTERCOLLEGIATE SPORTS INCLUDE BASEBALL, BASKETBALL, CREW, CROSS COUNTRY RUNNING, FIELD HOCKEY, FOOTBALL, GOLF, GYMNASTICS, LACROSSE, SCULLING, SOCCER, SOFTBALL, SWIMMING & DIVING, TENNIS, TRACK & FIELD, VOLLEYBALL, AND WRESTLING. THE COLLEGE ALSO HAS A LARGE INTRAMURAL SPORTS PROGRAM, IN WHICH APPROXIMATELY 20% OF STUDENTS PARTICIPATE, AND WHICH OFFERS A VARIETY OF SPORTS INCLUDING SOCCER, VOLLEYBALL, FLAG FOOTBALL, AND BASKETBALL, IN ADDITION TO SINGLE DAY EVENTS SUCH AS TENNIS TOURNAMENTS AND BATTLESHIP. THE COLLEGE IS ALSO HOME TO MORE THAN 60 CLUB SPORTS, MANY OF WHICH COMPETE REGULARLY AGAINST OTHER COLLEGES IN LEAGUES AND TOURNAMENTS. STUDENT SERVICES ALSO INCLUDES EXPENSES FOR THE OFFICE OF STUDENT ENGAGEMENT AND MULTICULTURAL AFFAIRS, WHICH PROVIDES THE FIRST-YEAR EXPERIENCE AND ORIENTATION, AND OVERSEES STUDENT ACTIVITIES, MULTICULTURAL EVENTS, AND STUDENT ORGANIZATIONS. THE OFFICE OF CAREER SERVICES, SERVING BOTH STUDENTS AND ALUMNI, PROVIDES CAREER-RELATED EDUCATION, EXPERIENTIAL LEARNING, PROFESSIONAL DEVELOPMENT, AND POST-GRADUATE OPPORTUNITIES FOR THE BENEFIT OF STUDENTS AND ALUMNI. 2500 20083283 0 ACADEMIC SUPPORT 20083283 2500 0 322966949 true true false true false false true true false true true true false false true true true false true true true false true false false false false true true true true false false false false false false true false true false true false false false false false false false false true 589 0 true 5480 true true true true UK false false false true true false false false false false false X 28 22 false false false false false false false true true false false true true true true true true true true false CA X X WILLIAM GUERRERO VP FINANCE 6072743118 953 DANBY ROAD ITHACA NY 14850 Shirley M Collado President 40.0 0.0 X X 583872 0 98330 Sean F Reid thru 062020 Dean, School of Business 40.0 0.0 X 325780 0 126390 Christopher M Biehn Former VP Instl Adv. 0.0 0.0 X 396273 0 34021 Guilherme Costa non-voting Secretary, VP, GC 40.0 0.0 X X 244130 0 49578 William Guerrero VP Finance & Administration 40.0 0.0 X 254361 0 38969 La Jerne Cornish Provost & SVP 40.0 0.0 X 243743 0 44052 Linda Petrosino DEAN, HS&HP 40.0 0.0 X 234226 0 40966 David L Weil Associate VP & CIO 40.0 0.0 X 178193 0 73523 Timothy R Carey Associate VP, Facilities 40.0 0.0 X 227489 0 21417 Nancy E Pringle Former Secretary, SVP, GC 0.0 0.0 X 183506 0 59007 Diane M Gayeski thru 62020 Dean, School of Communications 40.0 0.0 X 202729 0 28218 Rosanna Ferro VP Student Affairs and Campus 40.0 0.0 X 182496 0 37399 Matthew S Rodgers Assistant Professsor and Chair 40.0 0.0 X 175294 0 41473 Marie C Blouin Assistant Professor 40.0 0.0 X 196722 0 18549 Karl Paulnack Thru 062020 Dean, School of Music 40.0 0.0 X 169861 0 42503 Steven Ginsberg ENDOWED CH. & ASSOC. PROF 40.0 0.0 X 184529 0 21616 Matthew C Geiszler Assistant Professor 40.0 0.0 X 174737 0 24054 Stephen Tropiano Prof. & Director of LA Program 40.0 0.0 X 173399 0 22331 Hayley Harris VP Human Resources(as of 5/19) 40.0 0.0 X 152300 0 25904 Nicole Eversley Bradwell Interim VP Enroll. (thru 7/19) 40.0 0.0 X 149368 0 20795 Gerard R Turbide Former VP Enrollment Manager 0.0 0.0 X 127762 0 13161 Laurie M Koehler As of 819 VP Marketing & Enrollment Stgy 40.0 0.0 X 111382 0 19322 Julie Dorsey Trustee, Faculty 40.0 0.0 X 85608 0 35501 Wendy Kobler VP Enrollment Mgmt(as of 9/19) 40.0 0.0 X 94562 0 10847 Sybil M Conrad Trustee, Staff 40.0 0.0 X 66007 0 17734 David H Lissy Chair 1.0 0.0 X X 0 0 0 James W Nolan Jr Vice Chair 1.0 0.0 X X 0 0 0 Rosanna Aybar Trustee 1.0 0.0 X 0 0 0 David J Bachrach Trustee 1.0 0.0 X 0 0 0 Michael A Battle Trustee 1.0 0.0 X 0 0 0 Luvelle Brown Trustee 1.0 0.0 X 0 0 0 Michael J Conover Trustee 1.0 0.0 X 0 0 0 Jack H Dembow Trustee 1.0 0.0 X 0 0 0 David Fleisher II Trustee 1.0 0.0 X 0 0 0 Thaddeus J Fortin Trustee 1.0 0.0 X 0 0 0 Gary J Gross Trustee 1.0 0.0 X 0 0 0 David Meberg Trustee 1.0 0.0 X 0 0 0 Orinthia Montague Trustee 1.0 0.0 X 0 0 0 Kristin R Muenzen Trustee 1.0 0.0 X 0 0 0 William J Nelligan III Trustee 1.0 0.0 X 0 0 0 Kathleen K Newlands Trustee 1.0 0.0 X 0 0 0 Mary George Opperman Trustee 1.0 0.0 X 0 0 0 Jeffrey J Selingo Trustee 1.0 0.0 X 0 0 0 Jan E Singer Trustee 1.0 0.0 X 0 0 0 Ellen Staurowsky Trustee 1.0 0.0 X 0 0 0 Peter R Taffae Trustee 1.0 0.0 X 0 0 0 James E Taylor Trustee 1.0 0.0 X 0 0 0 Douglas M Weisman Trustee 1.0 0.0 X 0 0 0 Kimberly A Zeoli Trustee (as of 12/2019) 1.0 0.0 X 0 0 0 Yetunde Smalls Trustee, Student 1.0 0.0 X 0 0 0 5118329 0 965660 173 true true false SODEXO INC AFFILIATES 10 Earhart Drive WILLIAMSVILLE NY 14221 FOOD&FACILITIES MGT. 5687233 WELLIVER MCGUIRE INC 250 North Genesee Street MONTOUR FALLS NY 14865 GENERAL CONSTRUCTION 3452423 ARCHITECTURAL CONCRETE PLUS LLC 69 Hollister Street DUNDEE NY 14837 General Construction 2888660 ORACLE AMERICA INC 500 Oracle Parkway REDWOOD SHORES CA 94065 TECHNOLOGY SERVICES 1857139 DRIVESTREAM INC 45610 Woodland Road Suite 150 STERLING VA 10335 Technology Services 1799767 66 5989612 6013290 605549 12002902 TUITION & FEES 900099 274857711 274857711 ROOM & BOARD 721310 54397965 54397965 ANCILLARY STUDENT SERVICES/ACTIVITIES 611710 2087752 2087752 STUDENT INSURANCE 900099 2062456 2062456 CAMPUS DINING SERVICES 900099 928974 928974 1455247 328836 107405 1019006 335790105 7064400 -23060 7087460 0 37180 37180 142933 142933 0 142933 77353 65580 125248637 128552 115803593 9445044 128552 9573596 9573596 7432 1864 5568 5568 0 0 0 2052179 1463622 588557 588557 REBATES & REFUNDS 900099 350960 350960 STUDENT ACTIVITY SPONSORSHIPS 541800 67369 67369 FORFEITED MEDICAL BENEFITS 900099 23417 23417 32652 32652 474398 365679639 335252251 161698 18262788 291231 291231 138835004 138835004 268474 268474 0 4194764 1088892 2866244 239628 0 113823183 92037714 20054323 1731146 8037055 6517962 1375068 144025 22533984 18498088 3603302 432594 5698657 4458450 1138135 102072 0 344429 3393 341036 258047 258047 7500 7500 5893 5893 1392906 1392906 11333685 9399701 1812713 121271 360425 135978 223685 762 7605769 4723016 2702905 179848 6996806 2646767 4244700 105339 0 5770057 5473923 294782 1352 3307848 2974375 248905 84568 0 777954 540189 195856 41909 5662306 5662306 0 21228762 19736135 1422220 70407 3295389 2378569 916820 FOOD SERVICE EXPENSES 4222542 4222542 REPAIRS & MAINTENANCE 1617526 1117304 496108 4114 TAXES, LICENSES & PERMITS 977293 913082 64211 RECRUITING EXPENSES 494695 242485 251444 766 1151481 793869 348627 8985 370493665 322966949 44252037 3274679 469798 246850 18434340 8884780 3978120 1906790 6130923 7421495 0 0 0 0 7686009 6180790 863669 844908 3666739 2942234 673012844 306027964 373656287 366984880 185255919 190630808 248191679 241245769 0 0 0 0 188572 7414428 848522055 834703732 20033472 27604038 0 0 6452612 2685647 114975709 111085501 0 0 0 0 22150148 21206671 0 0 31363235 39887538 194975176 202469395 X 514066572 493907692 139480307 138326645 653546879 632234337 848522055 834703732 X -4814026 -10620716 -5877800 X false true X true true true X 11918471 13413345 15991270 37061756 14325948 92710790 0 0 11918471 13413345 15991270 37061756 14325948 92710790 29230911 63479879 2588832 7122332 6875450 8161288 8492161 33240063 24615 180378 102050 52243 359286 239685 4592208 4783244 4836254 3728683 18180074 144490213 1710974889 0.43934 0.51118 X Schedule A, Part II, Column E The 2019 column includes the amounts reported on the current year Form 990 plus the one month period from the Colleges short-period 06/30/19 Form 990. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false true false false false false false false true 14746 14746 false SCHEDULE C, PART II-B, LINE 1(I) THE COLLEGE IS A MEMBER OF ORGANIZATIONS LISTED AS REGISTRANTS ON THE LOBBYING DISCLOSURE ACT DATABASE. LINE 1(I) REPORTS 25% OF MEMBERSHIP DUES PAID TO THESE ORGANIZATIONS DURING THE COLLEGE'S FISCAL YEAR. On occasion, a handful of Ithaca College staff may participate in de-minimis lobbying activities to advocate for federal, state and local legislation that may benefit the College and its students. The College does not require these staff members to specifically identify the minimal time spent relative to such lobbying activities and so no costs have been quantified in the Schedule C lobbying expenditures reported above. X X 2 101.00 1 true 38.00 true 1250000 X false 347334887 2098148 1411286 4885423 8657052 337301846 316025346 31310128 13094002 2053787 11040802 347334887 300715519 3894502 23117965 2063803 9638837 316025346 267328459 7532678 34451515 1908400 6688733 300715519 288038497 1589083 -11984785 1646352 8667984 267328459 0.62870 0.24650 0.12480 false false 13415615 13415615 555331788 243952177 311379611 2756567 768354 1988213 61770454 37239276 24531178 39738420 24068157 15670263 366984880 FIXED INCOME (LP INVESTMENTS) 7260739 F PUBLIC EQUITIES (LP INVESTMTS) 139694247 F HEDGE FUNDS 65681100 F PRIVATE EQUITY 18466572 F REAL ESTATE FUNDS 10143111 F 241245769 0 POSTRETIREMENT BENEFIT OBLIGATION 19718265 INTEREST RATE SWAP AGREEMENTS 6621718 US GOVERNMENT GRANTS REFUNDABLE 6662451 LEASE LIABILITY 5252260 CONDITIONAL ASSET RETIREMENT OBLIG. 1632844 39887538 X 216263623 -10620716 245666 -10375050 226638673 1392906 137648060 139040966 365679639 231452699 1465486 1465486 229987213 1392906 139113546 140506452 370493665 SCHEDULE D, PART II, LINE 9 HOW THE ORGANIZATION REPORTS CONSERVATION EASEMENTS THE CONSERVATION EASEMENTS ARE NOT REPORTED ON THE BALANCE SHEET OR IN FOOTNOTES TO THE ORGANIZATION'S FINANCIAL STATEMENTS. THE AMOUNTS ARE CONSIDERED IMMATERIAL. SCHEDULE D, PART III, LINE 4 DESCRIPTION OF THE ORGANIZATION'S COLLECTIONS AND HOW THEY FURTHER ITS EXEMPT PURPOSE THE COLLEGE'S COLLECTION CONSISTS SOLELY OF A SCULPTURE RECEIVED AS A NONCASH CONTRIBUTION IN DECEMBER 2016. THE SCULPTURE, TITLED "THE DRUMMER," WAS CREATED BY BARRY FLANAGAN, A WELSH SCULPTOR BEST KNOWN FOR HIS BRONZE STATUES OF HARES AND OTHER ANIMALS. MR. FLANAGAN'S WORK CAN BE FOUND AT THE NATIONAL GALLERY OF ART SCULPTURE GARDEN IN WASHINGTON, D.C.; AND IN PUBLIC SPACES IN NEW YORK CITY, LONDON, COLOGNE, OKLAHOMA CITY, AND ON COLLEGE CAMPUSES AROUND THE WORLD. THE ADDITION OF THIS SCULPTURE TO THE COLLEGE CAMPUS LANDSCAPE ELEVATES THE COLLEGE'S REPUTATION IN THE ART WORLD, AND SERVES AS AN ON-CAMPUS PIECE THAT IS STUDIED BY STUDENTS, ESPECIALLY THOSE IN ART HISTORY AND ART CONSERVATION CLASSES. THIS HELPS SUPPORT THE COLLEGE'S MISSION TO FOSTER INTELLECTUAL GROWTH, AESTHETIC APPRECIATION, AND CHARACTER DEVELOPMENT IN OUR STUDENTS. SCHEDULE D, PART V, LINE 4 INTENDED USES OF ENDOWMENT FUNDS The intended use of the College's endowment funds is to provide scholarships and grants to students, and to support the College's educational programs. ITHACA COLLEGE CHANGED ITS FISCAL YEAR END FROM MAY 31 TO JUNE 30 AND ISSUED AN AUDITED FINANCIAL STATEMENT FOR THE THIRTEEN-MONTH PERIOD OF JUNE 1, 2018 THROUGH JUNE 30, 2019. FOR TAX PURPOSES, ITHACA COLLEGE WAS REQUIRED TO COMPLETE A FULL YEAR TWELVE-MONTH FORM 990 FOR THE YEAR ENDING MAY 31, 2019 AND A SHORT PERIOD FORM 990 FOR THE ONE-MONTH PERIOD JUNE 1, 2019 THROUGH JUNE 30, 2019. THUS, THE PRIOR YEAR COLUMN (b) IS REFLECTIVE OF THE COLLEGE'S THIRTEEN-MONTH PERIOD INCOME STATEMENT ACTIVITY. SCHEDULE D, PART X, LINE 2 FIN 48 DISCLOSURE THE COLLEGE FOLLOWS GUIDANCE THAT CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN, INCLUDING ISSUES RELATING TO FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT. THIS GUIDANCE PROVIDES THAT THE TAX EFFECTS FROM AN UNCERTAIN TAX POSITION CAN ONLY BE RECOGNIZED IN THE FINANCIAL STATEMENTS IF THE POSITION IS "MORE-LIKELY-THAN-NOT" TO BE SUSTAINED IF THE POSITION WERE TO BE CHALLENGED BY A TAXING AUTHORITY. THE ASSESSMENT OF THE TAX POSITION IS BASED SOLELY ON THE TECHNICAL MERITS OF THE POSITION, WITHOUT REGARD TO THE LIKELIHOOD THAT THE TAX POSITION MAY BE CHALLENGED. THE COLLEGE HAS PROCESSES PRESENTLY IN PLACE TO ENSURE THE MAINTENANCE OF ITS TAX-EXEMPT STATUS; TO IDENTIFY AND REPORT UNRELATED INCOME; TO DETERMINE ITS FILING AND TAX OBLIGATIONS IN JURISDICTIONS FOR WHICH IT HAS NEXUS; AND TO IDENTIFY AND EVALUATE OTHER MATTERS THAT MAY BE CONSIDERED TAX POSITIONS. The College has determined that there are no uncertain tax positions for the year ended JUNE 30, 2020. RECONCILIATION OF REVENUE SCHEDULE D, PART XI LINE 2D: Adjustment TO liabilities for Perkins Loan Program $179,224 Line 2d: Adjustment to liabilities for Gate Loan Program $66,442 Total $245,666 LINE 4B: FINANCIAL AID NETTED ON FINANCIALS $139,113,546 LINE 4B: COST OF GOOD SOLD (CAMPUS STORE) ($1,463,622) LINE 4B: FUNDRAISING EXPENSES ($1,864) TOTAL $137,648,060 RECONCILIATION OF EXPENSES SCHEDULE D, PART XII LINE 2D: FUNDRAISING EXPENSES ($1,864) LINE 2D: COST OF GOOD SOLD (CAMPUS STORE) $1,463,622 TOTAL $1,465,486 LINE 4B: FINANCIAL AID NETTED ON FINANCIALS $139,113,546 true true true true true true true false false false false false false false false true false true SCHEDULE E, PART I, LINE 3 NONDISCRIMINATORY POLICY THE COLLEGE'S NONDISCRIMINATORY POLICY APPEARS ON THE COLLEGE'S WEBSITE. SCHEDULE E, PART I, LINE 6 EXPLANATION OF GOVERNMENT FINANCIAL AID THE COLLEGE RECEIVES ASSISTANCE FROM THE US DEPARTMENT OF EDUCATION AND THE NEW YORK STATE EDUCATION DEPARTMENT TO FUND FINANCIAL AID PROGRAMS. THE COLLEGE RECEIVES ASSISTANCE FROM A VARIETY OF OTHER FEDERAL AND STATE AGENCIES TO FUND RESEARCH AND OTHER GRANT AWARDS. As a result of the COVID-19 pandemic, the College received from the Higher Education Emergency Relief Fund emergency student aid and reimbursements for room charges related to the campus closure. true Europe (Including Iceland and Greenland) 1 35 Program Services Study Abroad 973045 Central America and the Caribbean 10 Program Services Conferences & Research 14236 Central America and the Caribbean 29 Program Services Study Abroad 53300 East Asia and the Pacific 9 Program Services Conferences & Research 12371 East Asia and the Pacific 4 Program Services Recruiting 13951 Europe (Including Iceland and Greenland) 137 Program Services Conferences & Research 205558 Europe (Including Iceland and Greenland) 1 Program Services Recruiting 2772 Europe (Including Iceland and Greenland) 31 Program Services Study Abroad 25041 Middle East and North Africa 3 Program Services Conferences & Research 9125 Middle East and North Africa 11 Program Services Study Abroad 21033 North America 51 Program Services Conferences & Research 169956 North America 1 Program Services Recruiting 199 North America 17 Program Services Study Abroad 6679 South America 10 Program Services Conferences & Research 21508 South America 1 Program Services Study Abroad 1973 South Asia 4 Program Services Conferences & Research 4421 South Asia 2 Program Services Recruiting 8731 Sub-Saharan Africa 2 Program Services Conferences & Research 2606 Sub-Saharan Africa 9 Program Services Study Abroad 31306 Europe (Including Iceland and Greenland) 1 Program Services Maintaining Offices 2113 Russia and the Newly Independent States 1 Grantmaking Grants/scholarships 2532 East Asia and the Pacific 3 Grantmaking Grants/scholarships 41650 Europe (Including Iceland and Greenland) 8 Grantmaking Grants/scholarships 136300 North America 1 Grantmaking Grants/scholarships 28000 South Asia 2 Grantmaking Grants/scholarships 25500 Sub-Saharan Africa 1 Grantmaking Grants/scholarships 21000 South America 1 Grantmaking Grants/scholarships 11560 Central America and the Caribbean Investments 48570935 1 356 29 1 385 1543899 48873502 50417401 Scholarship Russia and the Newly Independent States 1 2532 EFT/WIRE 0 Scholarship East Asia and the Pacific 3 41650 EFT/WIRE 0 Scholarship Europe (Including Iceland and Greenland) 8 136300 EFT/WIRE 0 Scholarship North America 1 28000 EFT/WIRE 0 Scholarship South Asia 2 25500 EFT/WIRE 0 Scholarship Sub-Saharan Africa 1 21000 EFT/WIRE 0 SCHOLARSHIP South America 1 11560 EFT/WIRE true false true true true false SCHEDULE F, PART I, LINE 2 PROCEDURES FOR MONITORING THE USE OF GRANTS AND OTHER ASSISTANCE The college follows the OMB Uniform Guidance with respect to monitoring the use of funds of subrecipients of Federal awards. Scholarships given to students are credited to each student's college account to be used for tuition & fees for the educational program. Expenditures for study abroad programs are remitted directly to the foreign institutions providing educational services. Expenditures for travel for conferences, research, and recruiting purposes are comprised of (1) payments to foreign organizations providing services and/or (2) payments to employees after the submission of properly substantiated travel expense reports in accordance with college policy. SCHEDULE F, PART I, LINE 3 EXPENDITURES ARE REPORTED ON AN ACCRUAL BASIS ACCORDING TO GAAP, CONSISTENT WITH THE ITHACA COLLEGE METHOD OF ACCOUNTING. SCHEDULE F, PART IV, LINE 4 FOREIGN FILING REQUIREMENTS ITHACA COLLEGE INVESTS DIRECTLY IN A VARIETY OF ALTERNATIVE INVESTMENTS THAT ARE STRUCTURED AS EITHER FOREIGN CORPORATIONS, FOREIGN LIMITED PARTNERSHIPS OR DOMESTIC LIMITED PARTNERSHIPS. THE LIMITED PARTNERSHIP INVESTMENTS MAY, IN TURN, OWN AN INTEREST IN A FOREIGN CORPORATION, PASSIVE FOREIGN INVESTMENT COMPANY, OR FOREIGN PARTNERSHIP. TO THE EXTENT THAT ITHACA COLLEGE IS REQUIRED TO COMPLETE A FORM 926, 5471, 8621 OR 8865 BECAUSE ITS INVESTMENT EXCEEDS THE FILING THRESHOLD, THOSE FORMS HAVE BEEN ATTACHED TO THE ORGANIZATION'S FORM 990-T FILING. true Hillel of Ithaca College 953 Danby Rd Muller Chpl Ithaca NY 14850 521758795 501(c)(3) 45216 0 contrib. received & remitted National Merit Scholarship Corporation 1560 Sherman Ave No 200 Evanston IL 60201 362307745 501(c)(3) 12000 0 Annual remittance to merit scholarship program. Cornell University 341 Pine Tree Rd Ithaca NY 14850 150532082 501(c)(3) 30000 0 operating budget for startup works Research Foundation of SUNY PO Box 9 Albany NY 12201 141368361 501(c)(3) 15616 0 Contribution to Access to College Education (ACE). Center for the Arts at Ithaca Inc PO Box 205 Ithaca NY 14851 160902355 501(c)(3) 10000 0 support comm. arts Tompkins County Area Development 401 E State St Suite 402B Ithaca NY 14850 166058339 501(c)(6) 16000 0 Support economic advancement in Tompkins County NY Planetary Science Institute 1700 EFT LowellSTE 106 Tuscon AZ 85719 330175263 501(c)(3) 104227 0 Payment to subrecipient of Federal grant (CFDA 43. Bowling Green State University 1001 E Wooster St Bowling Green OH 43403 346402018 State of OH 12406 0 Payment to subrecipient of Federal grant (CFDA 47. Northeastern Illinois University 5500 N St Louis Ave Chicago IL 60625 366009515 501(c)(3) 34612 0 Payment to subrecipient of Federal grant (CFDA 93. 8 1 Scholarships 5967 138833204 0 Scholarships awarded to employees 2 1800 0 SCHEDULE I, PART I, LINE 2 The procedures for monitoring the use of grant funds to domestic organizations vary based on the nature of the agreement with the grantee. Organizations operating out of the Muller Chapel (Hillel and Newman Foundation) are subject to oversight by college employees. The college follows the OMB Uniform Guidance with respect to monitoring the use of funds of subrecipients of Federal awards (Planetary Science Institute and Northeastern Illinois University). For grants to all other domestic organizations, the college relegates responsibility for monitoring the use of grant funds to individuals within those organizations. Students must meet the criteria specified in the scholarship program in order to receive the scholarship. For ongoing scholarships, students must continue to meet the criteria in order to be awarded a scholarship in subsequent years. X X true true X X X true true false false false false false true false Shirley M Collado President 487853 0 0 0 96019 0 85800 0 12530 0 682202 0 0 0 Nancy E Pringle Former Secretary, SVP, GC 141534 0 0 0 41972 0 16923 0 42084 0 242513 0 0 0 Guilherme Costa non-voting Secretary, VP, GC 232891 0 0 0 11239 0 21600 0 27978 0 293708 0 0 0 La Jerne Cornish Provost & SVP 243743 0 0 0 0 0 22500 0 21552 0 287795 0 0 0 Christopher M Biehn Former VP Instl Adv. 75950 0 30000 0 290323 0 24300 0 9721 0 430294 0 0 0 Gerard R Turbide Former VP Enrollment Manager 6743 0 0 0 121019 0 11458 0 1703 0 140923 0 0 0 Nicole Eversley Bradwell Interim VP Enroll. (thru 7/19) 149368 0 0 0 0 0 13693 0 7102 0 170163 0 0 0 Rosanna Ferro VP Student Affairs and Campus 177296 0 0 0 5200 0 16608 0 20791 0 219895 0 0 0 William Guerrero VP Finance & Administration 216235 0 0 0 38126 0 19800 0 19169 0 293330 0 0 0 Hayley Harris VP Human Resources(as of 5/19) 132300 0 20000 0 0 0 11813 0 14091 0 178204 0 0 0 David L Weil Associate VP & CIO 178193 0 0 0 0 0 15619 0 57904 0 251716 0 0 0 Timothy R Carey Associate VP, Facilities 227489 0 0 0 0 0 19505 0 1912 0 248906 0 0 0 Diane M Gayeski thru 62020 Dean, School of Communications 202729 0 0 0 0 0 18492 0 9726 0 230947 0 0 0 Karl Paulnack Thru 062020 Dean, School of Music 169861 0 0 0 0 0 16208 0 26295 0 212364 0 0 0 Sean F Reid thru 062020 Dean, School of Business 325780 0 0 0 0 0 24462 0 101928 0 452170 0 0 0 Linda Petrosino DEAN, HS&HP 234226 0 0 0 0 0 21639 0 19327 0 275192 0 0 0 Marie C Blouin Assistant Professor 171572 0 0 0 25150 0 15437 0 3112 0 215271 0 0 0 Steven Ginsberg ENDOWED CH. & ASSOC. PROF 129379 0 0 0 55150 0 11890 0 9726 0 206145 0 0 0 Matthew S Rodgers Assistant Professsor and Chair 151644 0 0 0 23650 0 14180 0 27293 0 216767 0 0 0 Matthew C Geiszler Assistant Professor 159660 0 0 0 15077 0 14488 0 9566 0 198791 0 0 0 Stephen Tropiano Prof. & Director of LA Program 137324 0 0 0 36075 0 12605 0 9726 0 195730 0 0 0 SCHEDULE J, PART I, LINE 1A HOUSING ALLOWANCE OR RESIDENCE FOR PERSONAL USE/Gross-Up Payments PRESIDENT COLLADO RECEIVED IMPUTED INCOME TOTALING $39,329 IN CALENDAR YEAR 2019 REPRESENTING PERSONAL USE OF HOUSING, A CLEANING PERSON, AND A LEASED VEHICLE. THE PRESIDENT ALSO RECEIVED A GROSS-UP PAYMENT OF $37,741 TO COVER THE ADDITIONAL TAX LIABILITIES. THESE AMOUNT IS REPORTED IN SCHEDULE J, PART II, COLUMN (B)(III). VICE PRESIDENT FERRO RECEIVED A HOUSING BENEFIT TOTALING $5,200 IN CALENDAR YEAR 2019. THIS AMOUNT IS REPORTED IN SCHEDULE J, PART II, COLUMN (B)(III). Vice President Costa RECEIVED A $11,239 TAXABLE TRANSITION HOUSING STIPEND IN CALENDAR YEAR 2019. THIS TRANSITION HOUSING STIPEND HAS BEEN REPORTED IN SCHEDULE J, PART II, COLUMN (B)(III). SCHEDULE J, PART I, LINE 4A SEVERANCE PAYMENTS VICE PRESIDENT BIEHN COMPLETED SERVICE TO THE COLLEGE IN APRIL 2019 AND RECEIVED SEPARATION PAYMENTS TOTALING $290,323. VICE PRESIDENT TURBIDE COMPLETED SERVICE TO THE COLLEGE IN JANUARY 2019 AND RECEIVED SEPARATION PAYMENTS TOTALING $120,498. Vice President Pringle completed service to the College in May 2019 and received separation payments totaling $41,972. THESE PAYMENTS INCLUDE SEPARATION VACATION PAYOUTS AND SALARY, AND ARE BEING REPORTED IN SCHEDULE J, PART II, COLUMN (B)(III). SCHEDULE J, PART I, LINE 4B SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN: DURING CALENDAR YEAR 2019, PRESIDENT COLLADO RECEIVED EMPLOYER CONTRIBUTIONS TO THE COLLEGE'S IRC SECTION 457(F) PLAN TOTALING $61,500. THIS AMOUNT IS REPORTED IN SCHEDULE J, PART II, COLUMN (C). SCHEDULE J, PART I, LINE 7 NON-FIXED PAYMENTS BONUS PAYMENTS: IN ACCORDANCE WITH THE COLLEGE'S COMPENSATION POLICIES, EMPLOYEES WHO HAVE MADE SPECIFIC AND SIGNIFICANT ACCOMPLISHMENTS AND WHO HAVE PERFORMED WELL IN SUPPORT OF A PROJECT OR INITIATIVE DURING THE YEAR MAY BE RECOGNIZED WITH A ONE-TIME MERIT PAYMENT. THESE PAYMENTS ARE REPORTED IN SCHEDULE J, PART II, COLUMN (B)(II). DURING CALENDAR YEAR 2019 THERE WERE NO SUCH PAYMENTS TO REPORTED INDIVIDUALS. TRANSITION PAYMENT: The following individuals received a one-time signing bonus during calendar year 2019. This payment is reported in Schedule J, Part II, Column (B)(II). Vice President Kobler and Koehler received the payment but did not reach the compensation threshold for disclosure on Schedule J. Vice President Kobler - $15,000 Vice President Harris - $20,000 Vice President Koehler - $15,000 RETENTION BONUS: VICE PRESIDENT BIEHN RECEIVED A RETENTION BONUS TOTALING $30,000 AS PART OF A CONTRACTUAL AGREEMENT WITH FORMER PRESIDENT THOMAS ROCHON. THIS PAYMENT IS REPORTED IN SCHEDULE J, PART II, COLUMN (B)(II). GENERAL STATEMENT ABOUT COMPENSATION VICE PRESIDENT GUERRERO RECEIVED TAXABLE TUITION REMISSION TOTALING $38,126 IN CALENDAR YEAR 2019. THESE PAYMENTS ARE REPORTED IN SCHEDULE J, PART II, COLUMN (B)(III). PRESIDENT COLLADO RECEIVED TAXABLE EMPLOYER CONTRIBUTIONS TO THE IRC SECTION 403(B) RETIREMENT PLAN TOTALING $18,949. THESE PAYMENTS ARE REPORTED IN SCHEDULE J, PART II, COLUMN (B)(III). WITH THE EXCEPTION OF PRESIDENT COLLADOS SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN, AMOUNTS IN SCHEDULE J, PART II, COLUMN (C) ARE COMPRISED OF EMPLOYER CONTRIBUTIONS TO THE IRC SECTION 403(B) RETIREMENT PLAN. DURING CALENDAR YEAR 2019, VICE PRESIDENT PRINGLE, ASSOCIATE VICE PRESIDENT WEIL, AND DEAN REID RECEIVED NON-CASH TUITION REMISSION BENEFITS TOTALING $29,234, $47,900, AND $74,037, RESPECTIVELY. THESE AMOUNTS ARE REPORTED IN SCHEDULE J, PART II, COLUMN (D). WITH THE EXCEPTION OF NON-CASH TUITION REMISSION BENEFITS, AMOUNTS IN SCHEDULE J, PART II, COLUMN (D) ARE COMPRISED OF THE EMPLOYER AND EMPLOYEE PORTION OF HEALTH BENEFITS INCLUDING MEDICAL PREMIUMS, DENTAL PREMIUMS, VISION & HEARING PREMIUMS, LIFE INSURANCE PREMIUMS, HEALTH SAVINGS ACCOUNT CONBTRIBUTIONS, AND EMERITI CONTRIBUTIONS. A Tompkins County DEVELOPMENT CORPORATION 272290745 2020-06-11 35274000 current refunding of series 2005b false false false B Tompkins County Development Corporation 272290745 890096cc2 2015-09-24 49150749 REFIN OF REISSUED SER. 2007 & 2008 false false false C Tompkins County Development Corporation 272290745 890096cz1 2017-12-09 25635508 ADVANCE REFUNDING OF SERIES 2011 false false false D Tompkins County Development Corporation 272290745 890096dr8 2018-12-20 21691959 Current Refunding of Series 2004B false false false A 0 0 35274000 0 0 0 281322 0 0 0 34992171 507 true false false true B 13055000 0 49150749 0 0 0 532438 0 0 0 48618311 0 true false true true C 1005000 0 26859625 0 0 22990800 376009 0 0 0 3491279 1538 false true true true D 765000 0 21691959 0 0 0 352901 0 0 0 21334884 4174 true false false true A 0 B false true true true false 0.00000 0.00000 0.00000 false false false true C false true true true false 0.00000 0.00000 0.00000 false false false true D false true false false 0.01500 0.00000 0.01500 false false false true A false true true false false false 0 false 0 false true B false true false true false false 0 false 0 false true C false true false false false false 0 false 0 false true D false true true false false false 0 false 0 false true A true B true C true D true SCHEDULE K PART I, BOND A, COLUMN F PROCEEDS OF THE BONDS WERE ISSUED TO CURRENTLY REFUND THE BORROWER'S OUTSTANDING SERIES 2005B BONDS (originally issued on 12/09/2013). PART I, BOND B, COLUMN F PROCEEDS OF THE BONDS WERE ISSUED TO CURRENTLY REFUND THE BORROWER'S OUTSTANDING REISSUED SERIES 2007 BONDS (ISSUED 08/20/2009) AND REISSUED SERIES 2008 BONDS (ISSUED 09/17/2009) (COLLECTIVELY, THE "PRIOR BONDS"). PART I, BOND C, COLUMN F PROCEEDS OF THE BONDS WERE ISSUED TO ADVANCE REFUND THE BORROWER'S OUTSTANDING SERIES 2011 BONDS (ISSUED 04/07/2011) (THE "PRIOR BONDS"). Part I, Bond D, Column F The issue date for the series 2004 bonds was November 10, 2004. PART II, BOND A, LINE 13 SINCE PROCEEDS OF THE BONDS WERE USED FOR CURRENT REFUNDING PURPOSES, THE YEAR OF SUBSTANTIAL COMPLETION IS NOT APPLICABLE. Part II, Bond D, Line 13 Since the proceeds of the bonds were used for current refunding purposes, the year of substantial completion is not applicable. Part III, Bond A Because the refunded Reissued Series 2005B Bonds refunded bonds issued before January 1, 2003, the Issuer has not completed Part III with respect to the Bond. PART III, LINE 7 AS PROVIDED IN TREASURY REGULATION SECTION 1.141-4(C)(2)(I)(B), THE AMOUNT OF PRIVATE PAYMENTS TAKEN INTO ACCOUNT UNDER THE PRIVATE PAYMENT TEST MAY NOT EXCEED THE AMOUNT OF PRIVATE BUSINESS USE AND/OR UNRELATED TRADE OR BUSINESS USE. ACCORDINGLY, THE AMOUNT OF PRIVATE PAYMENTS FOR THE REPORTING PERIOD DOES NOT EXCEED THE AMOUNT STATED IN PART III, LINE 6. THE ORGANIZATION HAS NOT UNDERTAKEN AN ANALYSIS OF THE PRIVATE SECURITY TEST WITH RESPECT TO THE BONDS, AS THE LEVEL OF PRIVATE BUSINESS USE AND/OR UNRELATED TRADE OR BUSINESS REPORTED IN PART III, LINE 6, IS NOT IN EXCESS OF AMOUNTS PERMITTED UNDER SECTION 145 OF THE CODE. PART IV, BOND A, LINE 2(B) the bond is a current refunding of the series 2005 bond, issued on December 9, 2013, and satisfied the 6 month exception of rebate. Part IV, Bond B, Line 2(c) The college had a rebate calculation performed on the series 2015 bond issues on 9/24/2015. The calculation was completed on October 10, 2019 and concluded that no rebate liability will be due on the bonds on any future required computation date. PART IV, BOND c, LINE 2(C) The fifth year has not passed, therefore no rebate computation has been performed. part IV, Bond D, Line 2(a) The bonds are a current refunding of the series 2004 bonds, issued on November 10, 2004, and satisfied the 6 month exception of rebate. 106459 Tuition remission Educational benefits 53969 Scholarships Educational benefits Jason Muenzen Family of Trustee 167956 see sch L Narrative false William Kip Opperman Family of Trustee 21850 see sch L Narrative false Schedule L, Part III Schools are not required to identify interested persons to whom they provided scholarships and discounted tuition, and columns (a) and (b) are left blank for these lines. Revealing the identity of such interested persons could result in an unauthorized disclosure of student education records under the Family Educational Rights and Privacy Act (FERPA). Schedule L, Part IV Column D Board of Trustees member Kristin R. Muenzen has a family member who is an employee of the College. Jason Muenzen is employed in the School of Business as an instructor and the director of the investment program and received wages of $167,956 for the year ending December 31, 2019. Board of trustees member Mary G. Opperman has a family member who is an employee of the College. William Kip Opperman worked as a part-time lecturer and received wages of $21,850 for the year ending December 31, 2019. X 10661 comparable sales X 17 561424 FAIR MARKET VALUE X Musical instruments 11 20500 COMPARABLE SALES X Computer equipment 24 12964 COMPARABLE SALES false true true SCHDULE M, PART I, LINE 25 The College is reporting the number of items received. SCHDULE M, LINE 32(A) TO THE EXTENT THAT THE ORGANIZATION RECEIVES CONTRIBUTIONS OF STOCK, THE ORGANIZATION USES ITS INVESTMENT BROKER TO CONVERT THOSE STOCKS INTO CASH. General Statement Regarding The Covid-19 Pandemic In March 2020, as a result of the COVID-19 pandemic, the College closed its residential campus to most students and implemented remote learning for all classes through the rest of the academic year. The College provided emergency financial assistance and applied pro-rata refundable credits for room and board to students impacted by the campus closure. Under the Coronavirus Aid, Relief, and Economic Security Act, the College received a grant of $4,583,253 from the Higher Education Emergency Relief Fund ("HEERF"). AS OF jUNE 30, 2020, A PORTION OF THE HEERF GRANT totaling $2,106,355 was disbursed directly to qualifying students for EMERGENCY AID AND PASSED THROUGH THE STATEMENT OF FINANCIAL POSITION; and $2,291,627 of the funds were used to reimburse students for room charges related to the campus closure and recorded as revenue from government grants and contracts on the accompanying statement of activities. The full extent of the impact of the COVID-19 pandemic on the College will depend on future developments, including the spread and duration of the pandemic. Form 990, Part I, Prior Year Column ITHACA COLLEGE CHANGED ITS FISCAL YEAR END FROM MAY 31 TO JUNE 30 AND ISSUED AN AUDITED FINANCIAL STATEMENT FOR THE THIRTEEN-MONTH PERIOD OF JUNE 1, 2018 THROUGH JUNE 30, 2019. FOR TAX PURPOSES, ITHACA COLLEGE WAS REQUIRED TO COMPLETE A FULL YEAR TWELVE-MONTH FORM 990 FOR THE YEAR ENDING MAY 31, 2019 AND A SHORT PERIOD FORM 990 FOR THE ONE-MONTH PERIOD JUNE 1, 2019 THROUGH JUNE 30, 2019. THUS, THE PRIOR YEAR COLUMN IS REFLECTIVE OF THE COLLEGES THIRTEEN-MONTH PERIOD INCOME STATEMENT ACTIVITY. FORM 990, PART III, LINE 4D OTHER PROGRAM SERVICES ACADEMIC SUPPORT INCLUDES EXPENSES INCURRED TO PROVIDE SUPPORT SERVICES FOR THE COLLEGE'S PRIMARY PROGRAM SERVICE OF INSTRUCTION, RESEARCH, AND PUBLIC SERVICE. IT INCLUDES THE FOLLOWING ACTIVITIES: THE RETENTION, PRESERVATION, AND DISPLAY OF EDUCATIONAL MATERIALS AT THE ITHACA COLLEGE LIBRARY, THE HANDWERKER GALLERY, AND OTHER GALLERY SPACES; INFORMATION TECHNOLOGY SERVICES DEPLOYED AT THE COLLEGE, PARTICULARLY SERVICES WITHIN THE THEMES OF CAMPUS ENGAGEMENT AND TEACHING & LEARNING; ACADEMIC ADMINISTRATION AND PERSONNEL PROVIDING ADMINISTRATIVE SUPPORT AND MANAGEMENT DIRECTION TO THE PRIMARY PROGRAM SERVICE; AND SEPARATELY BUDGETED SUPPORT FOR COURSE AND CURRICULUM DEVELOPMENT. FORM 990, PART VI, SECTION A, LINE 1B INDEPENDENT VOTING MEMBERS BOARD OF TRUSTEES MEMBERS ARE DEEMED TO BE NON-INDEPENDENT IF THEY HAVE A COMPENSATORY RELATIONSHIP WITH THE COLLEGE, EITHER BECAUSE THE INDIVIDUAL RECEIVES W-2 WAGES FROM THE COLLEGE, A FAMILY MEMBER IS EMPLOYED BY THE COLLEGE, OR BECAUSE THE INDIVIDUAL HAS A CONFLICT RELATIONSHIP REQUIRING DISCLOSURE ON SCHEDULE L OF THE FORM 990. THE FOLLOWING SIX INDIVIDUALS HAVE COMPENSATION RELATIONSHIPS WITH THE COLLEGE: KRISTIN R. MUENZEN, MARY GEORGE OPPERMAN, YETUNDE SMALLS, SYBIL M. CONRAD, JULIE DORSEY AND SHIRLEY M. COLLADO. FORM 990, PART VI, SECTION B, LINE 11 FORM 990 REVIEW PROCESS THE COLLEGE'S DEPARTMENT OF FINANCIAL SERVICES COMPILES THE UNDERLYING RECORDS AND PREPARES SUPPORTING SCHEDULES USED IN THE PREPARATION OF THE FORM 990. THE COLLEGE USES AN EXTERNAL TAX SERVICE PROVIDER TO PREPARE AND REVIEW THE FORM 990. THE VICE PRESIDENT OF FINANCE AND ADMINISTRATION AND OTHER KNOWLEDGEABLE PERSONS REVIEW THE FORM 990 PRIOR TO SUBMITTING THE FORM 990 TO THE BOARD OF TRUSTEES FOR REVIEW. THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES ENGAGES IN AN ADDITIONAL REVIEW OF THE FORM 990 WITH THE EXTERNAL TAX SERVICE PROVIDER AND PERSONS FROM THE COLLEGE'S OFFICE OF BUSINESS AND FINANCE. THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES APPROVES FORM 990 FOR FILING. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST POLICY ALL TRUSTEES AND SENIOR MANAGEMENT COMPLETE ANNUAL CONFLICT OF INTEREST FORMS. THE FORMS ARE SUBMITTED TO THE SECRETARY OF THE BOARD AND ALL DISCLOSED CONFLICTS ARE FORWARDED TO THE CHAIR OF THE AUDIT COMMITTEE FOR REVIEW AND ON-GOING MONITORING. FORM 990, PART VI, SECTION B, LINE 15 PROCESS FOR DETERMINING EXECUTIVE COMPENSATION For top management officials The Governance & Compensation/Assessment Committee annually collects comparability data to be used in establishing presidential compensation. This data is gathered using the assistance of non-interested parties including external consultants and the Colleges Office of Human Resources. The Governance & Compensation/Assessment Committee makes a recommendation to the Executive Committee for their review. The Executive Committee reports to the full Board of Trustees the details of the review. The full Board has final approval of compensation. For other officers and key employees Human Resources obtains comparability data on compensation which is shared with the President. The President reviews the data and compensation with the Governance & Compensation/Assessment committee. The President annually reviews the compensation policies for officers of the College. FORM 990, PART VI, SECTION C, LINE 19 MAKING ORGANIZATIONAL DOCUMENTS AVAILABLE TO THE PUBLIC THE PUBLIC MAY ACCESS THE COLLEGE'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS BY VISITING THE COLLEGE'S WEBSITE OR BY CONTACTING THE OFFICE OF THE VICE PRESIDENT OF FINANCE ADMINISTRATION AT THE CONTACT INFORMATION DISCLOSED IN PART VI SECTION C LINE 20. The College makes its IRS Determination Letter confirming its tax-exempt status available to the public at its place of business (and upon request) in lieu of the Form 1023 which is no longer available. FORM 990, PART XI, LINE 9 Reconciliation of Net assets POSTRETIREMENT BENEFITS loss other than net periodic benefit cost ($5,453,303) LOSS ON BOND RESTRUCTING ($136,585) CHANGE IN FAIR VALUE OF INTEREST RATE SWAP AGREEMENTS ($480,135) ADJUSTMENT TO LiaBILITIES FOR gate lOAN PROGRAM $66,442 ADJUSTMENT TO LiaBILITIES FOR Perkins lOAN PROGRAM $179,224 CHANGE IN VALUATION OF CHARITABLE GIVING ANNUITY AGREEMENTS ($53,443) TOTAL ($5,877,800)