2020-05-15T09:34:24-05:00 2019-06-30 GRANT THORNTON LLP 757 THIRD AVENUE 4TH FLOOR NEW YORK NY 100172013 990 2018-07-01 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 2020-05-14 true Daniel Romano P00504182 2125990100 74.136.73.96 26377520201365000006 2020-05-15 P A5075E449C1F9E8E1C6013E062D419A4B690F67B F8E25777DF00157D73DA55E6CE52E42E1968B2B6 2018 2021-01-29 14:40:06Z Dennis Murray 3399 North Road Poughkeepsie NY 12601 463661758 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. 34 34 3921 216 1618742 12797124 14084749 259030019 273803488 14462427 10837099 5217360 5900964 291506930 304626300 64638965 72724902 0 0 108872965 115475772 340366 187778 2452266 84928744 86480339 258781040 274868791 32725890 29757509 742916221 792027555 223050186 263393147 519866035 528634408 X 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 215785017 71097879 220631884 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 5,824 UNDERGRADUATE STUDENTS AND 914 GRADUATE STUDENTS WITH 43 BACHELOR'S PROGRAMS, 15 MASTER'S PROGRAMS, 9 CERTIFICATE PROGRAMS, AND 1 DOCTORAL PROGRAM. OVER 50% OF UNDERGRADUATE STUDENTS HAVE STUDIED A SEMESTER ABROAD, (CONTINUED IN SCHEDULE O) 721310 37782068 1377023 53171604 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) 253567085 true true false true false false false true false true true true false false true true false true true true true false false true true 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 491 1 true 3921 true true true true SP FR IT false false false true true false false false false false false X 34 34 false false true 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 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 Thomas J Ward TREASURER (thru 9/18) 1.0 0.0 X X 0 0 0 Elizabeth M Wolf ASSISTANT SECRETARY(THRU 9/18) 1.0 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 Michael C Duffy Trustee 1.0 0.0 X 0 0 0 Steven Effron Trustee 1.0 0.0 X 0 0 0 Dr 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 Dr 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 Lisa M Cathie Trustee(thru 10/18) 1.0 0.0 X 0 0 0 Dr 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 Patrice Connolly Pantello 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 David Yellen President (thru 06/2019) 50.0 0.0 X X 664483 0 193151 Dr Dennis J Murray Interim President(EFF 06/2019) 50.0 0.0 X X 506164 0 64218 Daniel E Moran II Trustee (EFF 09/2018) 1.0 0.0 X 0 0 0 Greg Gartland Trustee (EFF 11/2018) 1.0 0.0 X 0 0 0 Denise Vanech Trustee (EFF 11/2018) 1.0 0.0 X 0 0 0 James M Barnes Trustee 1.0 0.0 X 0 0 0 Dr Geoffrey L Brackett Executive Vice President 50.0 2.0 X 411340 0 121480 Dr Thomas Wermuth VP of Academic Affairs 50.0 1.0 X 298276 0 44725 John Pecchia VP of Business Affairs, CFO 50.0 2.0 X 306890 0 53778 Emily Saland Secretary (EFF 09/2018) 50.0 0.0 X 132964 0 55322 Sean P Kaylor VP of Admissions & Enrollment 50.0 1.0 X 303696 0 69036 Christopher Delgiorno VP of College Advancement 50.0 0.0 X 260803 0 61845 William T Thirsk VP of Information Tech, CIO 50.0 0.0 X 266893 0 50405 Deborah Dicaprio VP/Dean of Student Affairs 50.0 1.0 X 234782 0 52234 Dr John Ritschdorff Assoc. VP of Academic Affairs 50.0 0.0 X 203955 0 48275 Justin Butwell Director of Physical Plant 50.0 2.0 X 189665 0 59655 Christina Daniele VP of Human Resources 50.0 1.0 X 167211 0 51612 Dr Lee Miringoff Director of MIPO 50.0 0.0 X 361516 0 57384 Lawrence Singleton Dean, School of Management 50.0 0.0 X 280289 0 59078 Dr Roger Norton Dean, Computer Science & Math 50.0 0.0 X 255311 0 54098 Michael Maker Head Coach, Men's Basketball 50.0 0.0 X 256827 0 14347 Dr Barbara Carvalho Director of the marist poll 50.0 0.0 X 303125 0 35489 5404190 0 1146132 161 false true false Daniel O'Connells Sons Inc 480 Hampden Street HOLYOKE MA 01040 Construction 19218397 Sodexo Inc and Affiliates 9801 Washington Boulevard GAITHERSBURG MD 20878 Food Service 10170576 Pike Company 1 Circle Street ROCHESTER NY 14607 Construction 6109767 Robert A M Stern Architects 460 West 34 Street NEW YORK NY 10001 Architects 2372077 Mediassociates Inc 75 Glen Road SANDY HOOK CT 06482 Adverstising 1460808 63 21608 5885300 8177841 1491086 14084749 TUITION & FEES 611710 220631884 220631884 ROOM & BOARD 721310 53171604 53171604 273803488 2366387 2366387 0 0 0 0 0 167162060 266675 158299238 658785 8862822 -392110 8470712 8470712 55059 21608 64040 -8981 -8981 114240 13395 100845 100845 0 0 0 ATHLETICS 711210 1394576 0 0 1394576 CLOUD COMPUTING 541511 1309081 0 1309081 0 STUDENT CLUB ACTIVITIES 900099 809281 0 0 809281 2296162 0 309661 1986501 5809100 304626300 273803488 1618742 15119321 250000 250000 72474902 72474902 0 0 4196178 1089213 2424061 682904 0 78553312 71911906 5811718 829688 7057669 5980645 1014575 62449 19803897 17297947 2255499 250451 5864716 5262005 529345 73366 7763737 7754053 9684 373656 373656 284081 284081 0 187778 187778 1289056 1289056 6018414 5007999 897465 112950 2111010 1950692 160318 5230228 4281280 847115 101833 5230557 5061217 167786 1554 1250295 1199324 33618 17353 10884975 10477426 398763 8786 4808709 4365437 376774 66498 0 640401 598404 36287 5710 6751700 6723381 28319 0 17829527 17479808 349719 1244460 149792 1094668 INTERNATIONAL PROGRAM 7634341 7634341 0 0 HOSPITALITY 2553623 2035744 466933 50946 ATHLETICS 1010234 1010234 0 0 R/A ROOM AND BOARD COST 964921 964921 0 0 2606414 2606414 274868791 253567085 18849440 2452266 X 121680 191247 27504362 44610199 5508072 6081140 3400595 7381318 0 0 0 0 6834316 5993706 338817 343756 962399 1359203 634442207 225055118 413079277 409387089 48567628 54924792 229402722 241809758 0 0 0 0 7196353 19945347 742916221 792027555 25919817 29732420 0 0 10842499 11353741 165983408 199060917 0 0 0 0 0 0 0 0 20304462 23246069 223050186 263393147 X 437316555 442309368 48015215 49911826 34534265 36413214 519866035 528634408 742916221 792027555 X 29757509 11158413 -1289056 -30858493 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 71167181 209988347 18379482 1232114 712727 297590169 64696887 2091573 6000293 1845348 -223776 71167181 56451498 515777 9167697 1455149 -17064 64696887 56960149 3523439 -3181025 711072 139993 56451498 55302924 1202226 1069336 614337 56960149 0.78260 0.21740 false false 8076042 8076042 347194108 107982190 239211918 163388897 50316234 113072663 79997824 63792393 16205431 35785336 2964301 32821035 409387089 OTHER ALTERNATIVE INVESTMENTS 124021734 F DIRECT FOREIGN INVESTMENTS 117788025 F 241809759 0 ACCRUED POST RETIREMENT-BENEFITS 10537980 INTEREST RATE SWAP OBLIGATION 5140860 US GOV'T GRANT REFUNDABLE 5984395 ANNUITIES PAYABLE 205755 CAPITAL LEASE OBLIGATIONS 1377079 23246069 X 226609308 11158413 -15411447 -4253034 230862342 1289056 72474902 73763958 304626300 202201628 1096795 1096795 201104833 1289056 72474902 73763958 274868791 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 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 $ 15,803,557 DISPOSAL OF FIXED ASSETS $ (392,110) -------------- TOTAL $ 15,411,447 PART XI, LINE 4B SCHOLARSHIPS $72,474,902 PART XII, LINE 2D MRPS DEPRECIATION $1,096,795 PART XII, LINE 4B SCHOLARSHIPS $72,474,902 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 9541487 Central America and the Caribbean Investments 115643898 Europe (Including Iceland and Greenland) Investments 2144127 Central America and the Caribbean Program Services EDUCATIONAL 43257 East Asia and the Pacific Program Services EDUCATIONAL 1027058 Sub-Saharan Africa Program Services EDUCATIONAL 17500 Middle East and North Africa Program Services EDUCATIONAL 47409 South Asia 9 Program Services ADMIN & EDUCATIONAL 30750 2 15 2 15 128495486 128495486 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 Daley 54 Bennett Common Millbrook NY 12545 Solicit Funds false 43000 53045 -10045 Washburn McGoldrick 24 N Bryn Mawr Avenue SUITE 252 Bryn Mawr PA 19010 FUNDRAISING CONSULTANT false 0 29749 -29749 EAB Global Incorporated PO Box 603519 Charlotte NC 28260 FUNDRAISING CONSULTANT false 402965 104984 297981 445965 187778 258187 FL NH NJ NY PA SC Red Fox Golf 45615 10083 35532 1500 6798 6600 8898 488 Alumni Golf 17610 8686 8924 13745 5184 3452 3178 2 13442 2839 10603 14021 176 76667 21608 55059 1500 20543 6600 28103 3452 3842 64040 -8981 114240 11000 2000 395 true 1.00000 114240 11000 2000 395 13395 100845 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 8201 72474902 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 President (thru 06/2019) 506876 0 150000 0 7607 0 113875 0 79276 0 857634 0 0 0 Dr Geoffrey L Brackett Executive Vice President 364524 0 35000 0 11816 0 83944 0 37536 0 532820 0 0 0 Dr Thomas Wermuth VP of Academic Affairs 280518 0 17500 0 258 0 33000 0 11725 0 343001 0 0 0 Sean P Kaylor VP of Admissions & Enrollment 283906 0 17500 0 2290 0 33000 0 36036 0 372732 0 0 0 John Pecchia VP of Business Affairs, CFO 288994 0 17500 0 396 0 28876 0 24902 0 360668 0 0 0 Christopher Delgiorno VP of College Advancement 240325 0 17500 0 2978 0 25809 0 36036 0 322648 0 0 0 William T Thirsk VP of Information Tech, CIO 239135 0 27500 0 258 0 25503 0 24902 0 317298 0 0 0 Deborah Dicaprio VP/Dean of Student Affairs 224020 0 10000 0 762 0 27332 0 24902 0 287016 0 0 0 Dr John Ritschdorff Assoc. VP of Academic Affairs 201455 0 2500 0 0 0 22599 0 25676 0 252230 0 0 0 Justin Butwell Director of Physical Plant 182027 0 7500 0 138 0 22619 0 37036 0 249320 0 0 0 Dr Lee Miringoff Director of MIPO 338458 0 17500 0 5558 0 29832 0 27552 0 418900 0 0 0 Lawrence Singleton Dean, School of Management 277393 0 2500 0 396 0 28875 0 30203 0 339367 0 0 0 Dr Roger Norton Dean, Computer Science & Math 239549 0 15000 0 762 0 29196 0 24902 0 309409 0 0 0 Michael Maker Head Coach, Men's Basketball 256792 0 0 0 35 0 5338 0 9009 0 271174 0 0 0 Dr Dennis J Murray Interim President(EFF 06/2019) 486981 0 0 0 19183 0 33000 0 31218 0 570382 0 0 0 Emily Saland Secretary (EFF 09/2018) 115410 0 17500 0 54 0 13322 0 42000 0 188286 0 0 0 Dr Barbara Carvalho Director of the marist poll 285229 0 17500 0 396 0 22263 0 13226 0 338614 0 0 0 Christina Daniele VP of Human Resources 157151 0 10000 0 60 0 17052 0 34560 0 218823 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 IS SHOWN IN COLUMN D, AMOUNTS ARE BASED ON THE VALUE OF PROPERTY. FOR CALENDAR YEAR 2018 THE INTERIM PRESIDENT'S HOUSING IS TAXABLE AS HE WAS THE PRESIDENT EMERITUS THROUGH JUNE 2019. ACCORDINGLY, THE INTERIM 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 COMPENSATION COMMITTEE AND INDEPENDENT COMPENSATION CONSULTANT WERE USED TO EVALUATE SALARIES AND COMPENSATION FOR EXECUTIVES DURING FY18 SCHEDULE J, PART I, QUESTION 4B SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN THE COLLEGE HAS IN PLACE A NON-QUALIFIED DEFERRED COMPENSATION PLAN FOR THE 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 2018 IS INCLUDED IN THE DEFERRED COMPENSATION COLUMN (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 4490000 540000 20000000 0 0 0 301631 81184 0 19414060 203126 0 2009 false false true true B 7515000 1870000 15415962 0 0 0 169748 0 0 0 15246214 0 2004 true false true true C 1480000 320000 15262546 0 0 0 259259 0 0 15003287 0 0 2004 false false true true D 1385000 1455000 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 true true true true true false 0 false false false 0 false true B true true true true false false 0 false false false 0 false true C false true false false false false 0 false false false 0 false true D false true false false false false 0 false false false 0 false true A true B true C true D true 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. SCHEUDLE 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 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. X 1000 MARKET VALUE X 23 1007541 AVG PRICE DOT X 1 410000 APPRAISAL X ATHLETIC EQUIPMENT 1 70275 MARKET VALUE X PHOTOGRAPHY EQUIPMENT 2 1895 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, WHICH OPERATES AS A WORKING FARM RAISING LIVESTOCK AND PRODUCING CHEESE AND FARM-PRODUCED MEATS, EGGS, VEGETABLES AND CRAFTS. SPROUT CREEK ALSO OPERATES EDUCATIONAL DAY, WEEKEND AND SUMMER PROGRAMS THAT HELP CONNECT YOUNG PEOPLE TO AGRICULTURE AND OUTDOOR WORK AND EXPERIENCE. SEVERAL OFFICERS OF THE COLLEGE ALSO SERVE AS OFFICERS OF SPROUT CREEK. 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 3,700 PARTICIPANTS. THE CAMPUS'S 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 2018, THERE WERE 6,210 FORMS 1098-T ISSUED. SIGNIFICANT CHANGES TO GOVERNING DOCUMENTS FORM 990, PART VI, LINE 4 ON SEPTEMBER 7, 2018 THE MARIST COLLEGE BOARD OF TRUSTEES ADOPTED REVISIONS TO THE BOARD'S BYLAWS. THESE REVISIONS INCLUDED: THE INTRODUCTION OF A NEW OFFICER STRUCTURE, A CHAIR AND TWO VICE CHAIRS; THE INTRODUCTION OF TERM LIMITS FOR OFFICER POSITIONS; AND UPDATED DESCRIPTIONS FOR STANDING COMMITTEES AND OFFICERS OF THE COLLEGE REFERENCED IN THE BYLAWS. 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, ASSOCIATE 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. OTHER CHANGES IN NET ASSETS FORM 990, PART XI, LINE 9 MRPS NET CHANGE IN FIXED ASSETS $ (28,653,408) CHANGE IN INTEREST RATE SWAP OBLIGATION, OTHER $ (1,270,847) PENSION & POST RETIREMENT CHANGES $ 163,314 MRPS DEPRECIATION $ (1,096,795) PAYMENT TO BENEFICIARIES $ (760) _____________ $ (30,858,493) VAYU LLC 3399 NORTH ROAD POUGHKEEPSIE NY 12601 133727712 EDUCATIONAL NY 0 14665580 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 50220 Wages & Bnfts Sprout Creek Farm Inc r 669074 Operating needs Sprout Creek Farm Inc r 1108906 Capital costs