2021-07-15T10:48:45-05:00 2020-08-31 113518842 MARKS PANETH LLP 685 THIRD AVENUE NEW YORK NY 10017 990 2019-09-01 110461385 VAUGHN COLLEGE OF AERONAUTICS AND TECHNOLOGY VAUG 7184296600 8601 23RD AVENUE EAST ELMHURST NY 11369 ROBERT G WALDMANN VP FINANCE & BUSINESS SERVICES 7184296600 2021-07-14 1 MAGDALENA M CZERNIAWSKI P00535099 2125038800 2021-07-14 2019 2022-09-23 18:48:47Z SHARON DEVIVO 8601 23RD AVENUE EAST ELMHURST NY 11369 51016686 0 X WWW.VAUGHN.EDU X 1932 NY TO CHANGE THE WORLD ONE STUDENT AT A TIME WITH A TRANSFORMATIONAL EDUCATION THAT CREATES A LIFETIME OF OPPORTUNITY. 13 12 543 12 4156 -337 4468631 8273522 37829136 39831286 1020665 2538028 308139 264588 43626571 50907424 4764892 10797716 0 0 17596508 18902279 0 0 447268 23134922 21242727 45496322 50942722 -1869751 -35298 109809944 105350258 69546952 64896854 40262992 40453404 TO PROVIDE A DYNAMIC LEARNING ENVIRONMENT BUILT ON OUR AERONAUTICAL HERITAGE THAT INSPIRES A DIVERSE AND COMMITTED COMMUNITY OF STUDENTS TO ACHIEVE SUCCESS AS LEADERS IN THE INDUSTRIES WE SERVE. 0 0 37515078 10797716 37555036 INSTRUCTION - VAUGHN IS A FOUR YEAR PRIVATE EDUCATIONAL INSTITUTION OFFERING BACHELOR AND ASSOCIATE DEGREES IN ENGINEERING AND TECHNOLOGY, AVIATION AND MANAGEMENT. THE INSTITUTION ALSO OFFERS A MASTER OF SCIENCE IN AIRPORT MANAGEMENT. THE COLLEGE PROVIDES EDUCATIONAL SERVICES TO OVER 1,500 STUDENTS. THE INSTRUCTIONAL SERVICES ARE SUPPORTED AND ENHANCED BY EFFORTS IN THE ACADEMIC SUPPORT, STUDENT SUPPORT AND INSTITUTIONAL SUPPORT AREAS. 2969802 2601678 AUXILIARY SERVICES - VAUGHN OPERATES A 194 BED RESIDENCE HALL TO PROVIDE ON CAMPUS HOUSING FOR OUR STUDENTS. IN FISCAL YEAR 2019/2020 APPROXIMATELY 171 STUDENTS WERE LIVING IN THE RESIDENCE HALL. 40484880 1 1 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 2533 0 1 543 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 13 12 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X ROBERT G WALDMANN - VP OF FINANCE 7184296600 86-01 23RD AVENUE FLUSHING NY 11369 DOUGLAS IZARRA TRUSTEE 1.00 X 0 0 0 DR AGAM N SINHA TRUSTEE (OUTGOING) 1.00 X 0 0 0 DR SHARON DEVIVO PRESIDENT 40.00 X X 388261 0 39313 FRANK L ROSENBERG TRUSTEE 1.00 X 0 0 0 GEN CRAIG R MCKINLEY VICE CHAIR 1.00 X X 0 0 0 JOSEPH A WERNER TRUSTEE 1.00 X 0 0 0 KATHERINE B POSNER TRUSTEE 1.00 X 0 0 0 KEN STAUFFER CHAIR 1.00 X X 0 0 0 LYSA C SCULLY LEIPONIS TRUSTEE 1.00 X 0 0 0 MARY WARD-CALLAN TREASURER 1.00 X X 0 0 0 OSWIN MOORE TRUSTEE 1.00 X 0 0 0 PETER A VAUGHN SECRETARY 1.00 X X 0 0 0 RODERICK K RANDALL TRSUTEE 1.00 X 0 0 0 THOMAS I APPERSON TREASURER 1.00 X X 0 0 0 THOMAS J MCKEE TRUSTEE (OUTGOING) 1.00 X 0 0 0 DOMENIC PROSCIA VP TRAINING 40.00 X 158124 0 16477 ERNEST SHEPELSKY VP ENROLLMENT MGT. 40.00 X 226299 0 37169 PAUL LAVERGNE VP ACADEMIC AFFAIRS 40.00 X 164622 0 49962 ROBERT G WALDMANN VP FIN. & BUS. SERV. 40.00 X 255195 0 25411 BHASKHARAN JADONATH PROFESSOR 40.00 X 136651 0 10988 HUSSEIN RAHEMI PROFESSOR 40.00 X 184619 0 25430 KEVIN WICKS PROFESSOR 40.00 X 137913 0 11605 MARGARET DUCHARME PROFESSOR 40.00 X 149212 0 21850 MAXINE LUBNER PROFESSOR 40.00 X 142055 0 11426 1942951 0 249631 30 0 1 0 HERITAGE FLIGHT ACADEMY ISLIP MACARTHUR AIRPORT 2075 SMITHT RONKONKOMA NY 11779 FLIGHT TRAINING 1180977 COOK & KRUPA LLC 81 JERICHO TURNPIKE MINEOLA NY 11501 CONSTRUCTION 711378 TARGETX 1001 E HECTOR ST STE 110 CONSHOHOCKEN PA 19428 CRM SOFTWARE SYSTEM 180000 BOND SCHOENECK & KING PLLC PO BOX 11607 SYRACUSE NY 13218 LEGAL SERVICES 175284 WRD CONSULTING GROUP LLC 48 S PARK ST MONTCLAIR NJ 07042 CONSULTING 129725 8 299618 7813344 160560 9032 8273522 STUDENT TUITION & FEES 611710 37555036 37555036 AUXILIARY REVENUE 900099 2276250 2276250 39831286 141253 141253 64914 64914 2331861 0 2331861 2331861 1378 2330483 49800 299618 109262 -59462 -59462 BAD DEBT RECOVERY 900099 311875 311875 MISCELLANEOUS 900099 12175 9397 2778 324050 50907424 40152558 4156 2477188 10797716 10797716 1417563 1125971 273164 18428 13746898 10919154 2649376 178368 804060 638665 154963 10432 1558930 1238258 300442 20230 1374828 1092026 264961 17841 159407 159407 102500 102500 70278 70278 2857952 1832383 985968 39601 1763736 33586 1680555 49595 866177 656563 201356 8258 2161431 1509026 652405 200159 184872 13885 1402 37258 35133 1801 324 3201796 2792150 409646 5473503 3976987 1496516 327423 234763 92660 COLLEGE RELATIONS 692278 548190 48968 95120 FOOD SERVICES 331285 331285 BAD DEBT 321612 321612 MEMBERSHIP 104073 98137 5031 905 2571859 2440015 125080 6764 50942722 40484880 10010574 447268 584261 570064 417614 1222795 4877119 1834550 578002 533358 140711838 73453699 69494538 67258139 27595241 30501264 175299 3357146 6160812 109809944 105350258 3443519 2714078 2842623 1492040 51492072 50466809 11451903 9953913 316835 270014 69546952 64896854 X 14223145 15186724 26039847 25266680 40262992 40453404 109809944 105350258 -35298 225710 0 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4288477 475150 671695 13626 5421696 4112826 350 221856 46555 4288477 3753071 85611 310785 36641 4112826 3476593 310953 34475 3753071 3379258 500 142801 45966 3476593 0.27670 0.06020 0.66310 0 0 5407437 5407437 109696279 47845577 61850702 25608122 25608122 0 67258139 RESTRICTED CASH 604730 DEPOSITS 32648 AMOUNTS HELD BY BOND TRUSTEE 5523434 6160812 ASSET RETIREMENT OBLIGATION 114000 CAPITAL LEASE OBLIGATION 156014 270014 X 40280890 225710 -10797716 -10572006 50852896 70278 -15750 54528 50907424 40090478 15750 15750 40074728 70278 10797716 10867994 50942722 PART V, LINE 4: TO PROVIDE FUNDS FOR STUDENT SCHOLARSHIPS. PART X, LINE 2: THE COLLEGE BELIEVES IT HAS NO UNCERTAIN TAX POSITIONS AS OF AUGUST 31, 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: SCHOLARSHIPS & FELLOWSHIPS -10,797,716. PART XI, LINE 4B - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EXPENSES -15,750. PART XII, LINE 2D - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EXPENSES 15,750. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS & FELLOWSHIPS 10,797,716. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE ORGANIZATION MAKES THE POLICY KNOWN TO THE GENERAL COMMUNITY THRU ITS CATALOG. SCHEDULE E, PART I, LINE 6 VAUGHN COLLEGE RECEIVES FUNDS FROM 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 AND FEDERAL WORK STUDY (FWS) PROGRAM. GALA 349418 299618 49800 109262 349418 299618 49800 109262 109262 -59462 1 SCHOLARSHIPS 2086 10797716 FMV TUITION ASSISTANCE PART I, LINE 2: THE COLLEGE OFFERS SEVERAL SCHOLARSHIP OPPORTUNITIES FOR STUDENTS. THE PRIMARY SCHOLARSHIPS AND THE GUIDELINES FOR QUALIFYING ARE: FOUNDERS SCHOLARSHIPS - THESE SCHOLARSHIPS ARE AWARDED TO STUDENTS UPON ACCEPTANCE TO A BACHELOR OF SCIENCE DEGREE PROGRAM AT VAUGHN. TO BE CONSIDERED, APPLICANTS MUST ATTAIN A CUMULATIVE HIGH SCHOOL AVERAGE OF AT LEAST A "B AND A COMBINED SAT1 SCORE OF AT LEAST 1000. STUDENTS WHO MEET THESE MINIMUM CRITERIAS WILL BE CONSIDERED FOR AWARDS, BASED ON THEIR GRADES AND EXAM SCORES, BY VAUGHN COLLEGE'S SCHOLARSHIP COMMITTEE. THE AWARDS MAY BE RENEWABLE FOR UP TO FOUR YEARS OF CONSECUTIVE STUDY, PROVIDING THE RECIPIENT MAINTAINS A 3.0 CUMULATIVE GRADE POINT AVERAGE (GPA). BOARD OF TRUSTEES, #14 AND #36 GRANTS - THESE GRANTS ALLOCATE FUNDS TO BE USED IN AWARDING GRANT-IN-AID ASSISTANCE TO NEW AND CONTINUING STUDENTS. GRANTS ARE AWARDED TO STUDENTS WHO ARE MATRICULATING ON A FULL OR PART-TIME BASIS IN BACHELOR AND ASSOCIATE DEGREE PROGRAMS. RECIPIENTS ARE SELECTED ON THE BASIS OF THEIR ACADEMIC PERFORMANCE AND FINANCIAL AID STATUS. AWARDS ARE DESIGNATED FOR A SPECIFIC ACADEMIC YEAR AND ARE RENEWABLE EACH SEMESTER BASED ON SATISFACTORY ACADEMIC PERFORMANCE AND THE AVAILABILITY OF FUNDS. TRANSFER STUDENT SCHOLARSHIP - STUDENTS WHO TRANSFER TO THE COLLEGE HAVING COMPLETED 24 OR MORE CREDITS AT AN ACCREDITED COLLEGE OR UNIVERSITY, AND WHO HAVE ACHIEVED A CUMULATIVE GRADE POINT AVERAGE OF AT LEAST 3.0 (INCLUDING ALL COURSES AT EVERY INSTITUTION ATTENDED) MAY BE AWARDED SCHOLARSHIPS TO TRANSFER. THE AWARDS MAY BE RENEWABLE FOR UP TO THREE YEARS OF CONSECUTIVE STUDY, PROVIDING THE RECIPIENT MAINTAINS A 3.0 CUMULATIVE GPA. ACADEMIC EXCELLENCE SCHOLARSHIPS - ACADEMIC EXCELLENCE SCHOLARSHIPS ARE AWARDED EACH YEAR TO CONTINUING STUDENTS ON THE BASIS OF OUTSTANDING ACADEMIC ACHIEVEMENT AND SELECTION FOR ACADEMIC HONORS. THE CRITERIA APPLIED IN DECIDING ELIGIBILITY FOR THESE AWARDS INCLUDE CUMULATIVE GPA AND SATISFACTORY COMPLETION OF AT LEAST TWO SEMESTERS (29 CREDITS/UNITS OR MORE) AS A MATRICULATED STUDENT. X X X X 0 0 0 0 0 0 0 0 0 DR SHARON DEVIVO PRESIDENT 383268 0 0 0 4993 0 38483 0 830 0 427574 0 0 0 DOMENIC PROSCIA VP TRAINING 154045 0 0 0 4079 0 15647 0 830 0 174601 0 0 0 ERNEST SHEPELSKY VP ENROLLMENT MGT. 220045 0 0 0 6254 0 22129 0 15040 0 263468 0 0 0 PAUL LAVERGNE VP ACADEMIC AFFAIRS 163385 0 0 0 1237 0 17402 0 32560 0 214584 0 0 0 ROBERT G WALDMANN VP FIN. & BUS. SERV. 249226 0 0 0 5969 0 24837 0 574 0 280606 0 0 0 HUSSEIN RAHEMI PROFESSOR 184619 0 0 0 0 0 11429 0 14001 0 210049 0 0 0 MARGARET DUCHARME PROFESSOR 149212 0 0 0 0 0 7849 0 14001 0 171062 0 0 0 MAXINE LUBNER PROFESSOR 142055 0 0 0 0 0 10596 0 830 0 153481 0 0 0 SCHEDULE J PART II COLUMN B(III): OTHER REPORTABLE COMPENSATION IN COLUMN B(III) REPRESENTS AUTO ALLOWANCES PROVIDED TO EMPLOYEES. A DORMITORY AUTHORITY OF THE STATE OF NEW YORK 146000293 64990CLH2 2016-12-15 54803179 SEE PART VI 0 0 0 A 3030000 54826586 3954223 1047475 19994195 29837673 2019 1 0 1 1 A 0 0 0 0 0 0 1 A 0 1 1 0 0 0 0 0 1 A 1 FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTANT AND THE AUDIT COMMITTEE AND THE BOARD OF TRUSTEES REVIEW THE 990 IN DETAIL. ONCE FORMALLY APPROVED THE 990 IS THEN FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C IN FEBRUARY 2017, AN UPDATED BOARD OF TRUSTEES - CONFLICT OF INTEREST POLICY AND PROCEDURE WAS ADOPTED. THE POLICY AND PROCEDURE INCLUDES AN ANNUAL CONFLICT OF INTEREST DISCLOSURE STATEMENT WHICH MUST BE COMPLETED, SIGNED AND SUBMITTED BY EACH BOARD MEMBER EVERY YEAR IN MAY. THE PRESIDENT'S SECRETARY CONFIRMS RECEIPT OF THE STATEMENTS AND KEEPS THEM ON FILE. IN JULY 2009, AN OFFICERS AND MANAGEMENT STAFF CONFLICT OF INTEREST POLICY AND PROCEDURES WAS ADOPTED. THE POLICY AND PROCEDURE ALSO INCLUDES A CONFLICT OF INTEREST DISCLOSURE FORM WHICH IS COMPLETED, SIGNED AND SUBMITTED ON AN ANNUAL BASIS. THE ASSOCIATE VICE PRESIDENT FOR HUMAN RESOURCES AND COLLEGE SERVICES CONFIRMS RECEIPT, REVIEWS THE FORMS AND KEEPS THEM ON FILE. FORM 990, PART VI, SECTION B, LINE 15A THE PRESIDENT'S COMPENSATION IS DETERMINED BY THE BOARD OF TRUSTEES COMPENSATION COMMITTEE WITH STAFF ASSISTANCE FROM THE COLLEGE'S EXTERNAL LEGAL COUNSEL. COUNSEL USES THE FOLLOWING COMPENSATION FACTORS AND SOURCES TO ASSIST THE COMMITTEE IN ITS DECISION MAKING PROCESS: COMPENSATION FACTORS - A. COMPENSATION LEVELS PAID BY SIMILAR ORGANIZATIONS B. LEVEL OF PERSON'S EDUCATION AND EXPERIENCE C. SPECIFIC RESPONSIBILITIES OF POSITION D. PREVIOUS SALARY OR COMPENSATION PACKAGE E. SIMILAR SERVICES IN THE SAME GEOGRAPHIC OR METROPOLITAN AREA F. SIMILAR NUMBER OF STUDENTS G. ANNUAL BUDGET AND/OR GROSS REVENUE/ASSETS H. NATURE OF CURRICULUM (E.G., 2 YEAR VS. 4 YEAR UNDERGRADUATE VS. GRADUATE) COMPENSATION SOURCES - A. PUBLISHED SURVEYS OF COMPENSATION AT SIMILAR INSTITUTIONS B. INTERNET RESEARCH ON COMPENSATION AT SIMILAR INSTITUTIONS C. FORMS 990 FILED BY OTHER COLLEGES AND UNIVERSITIES D. ANNUAL BUDGET OR GROSS REVENUE/ASSETS FORM 990, PART VI, SECTION C, LINE 19 A SUMMARY OF ITS KEY FINANCIAL RESULTS IS PRINTED IN ITS MAGAZINE - ANNUAL REPORT EDITION. ALL OTHER GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.