2018-05-14T13:18:26-05:00 2017-06-30 113518842 MARKS PANETH LLP 685 THIRD AVENUE NEW YORK NY 10017 990 2016-07-01 131967321 MERCY COLLEGE MERC 9144552650 555 BROADWAY DOBBS FERRY NY 10522 CPA PRESIDENT 9144552650 2018-05-14 1 ROBERT R LYONS CPA P00227472 2125038800 69.74.165.34 2018-05-14 14:13:16 ED P 1423E06F9E6F9EFDA19AB3AABD1FE32D0EF26F97 B8E8917F0931719FE7A109CCAA1C726E9AF7A481 2016 2021-01-29 14:40:06Z TIMOTHY L HALL 555 BROADWAY DOBBS FERRY NY 10522 280936179 0 X WWW.MERCY.EDU X 1950 NY EDUCATE STUDENTS IN LIBERAL ARTS, SCIENCES, BUSINESS, EDUCATION AND PROFESSIONAL PROGRAMS. 18 17 2288 0 0 0 9030736 10333452 171831387 165779206 -1989265 2373411 207227 321434 179080085 178807503 31046599 31268055 0 0 69053236 73398997 196387 93431 1310796 65961513 62208785 166257735 166969268 12822350 11838235 345834516 385039772 84422703 85494091 261411813 299545681 X MERCY COLLEGE IS COMMITTED TO PROVIDING MOTIVATED STUDENTS THE OPPORTUNITY TO TRANSFORM THEIR LIVES THROUGH HIGHER EDUCATION BY OFFERING LIBERAL ARTS AND PROFESSIONAL PROGRAMS IN PERSONALIZED AND HIGH QUALITY LEARNING ENVIRONMENTS, THUS PREPARING (SEE SCHEDULE O) STUDENTS TO EMBARK ON REWARDING CAREERS, TO CONTINUE LEARNING THROUGHOUT THEIR LIVES AND TO ACT ETHICALLY AND RESPONSIBLY IN A CHANGING WORLD. 0 0 135865896 31268055 165779206 MERCY COLLEGE IS A COMPREHENSIVE COLLEGE OFFERING BOTH UNDERGRADUATE AND GRADUATE DEGREES TO OVER 10,700 STUDENTS. THE COLLEGE HAS FOUR CAMPUS LOCATIONS IN AND AROUND NEW YORK CITY AND ALSO OFFERS COURSES THROUGH THE INTERNET. STUDENTS ARE PRIMARILY FROM THE NEW YORK METROPOLITAN AREA. 135865896 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 1 1 0 1 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 17560 0 2288 1 0 0 0 0 0 1 1 0 0 0 0 X 18 17 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X NARDA A ROMERO 9146747841 555 BROADWAY DOBBS FERRY NY 10522 BRUCE J HABER CHAIRMAN 1.00 X 0 0 0 JOSEPH P CARLUCCI ESQ VICE CHAIRMAN 1.00 X 0 0 0 JOSEPH GANTZ VICE CHAIRMAN 1.00 X 0 0 0 JAMES M MCCORMICK VICE CHAIRMAN 1.00 X 0 0 0 PATRICIA BLACKMAR TRUSTEE 1.00 X 0 0 0 KYUNG CIOFFI TRUSTEE (FORMER) 1.00 X 0 0 0 EDWARD B DUNN TRUSTEE 1.00 X 0 0 0 ALEX FERRARI TRUSTEE 1.00 X 0 0 0 JULIO GARCIA TRUSTEE (FORMER) 1.00 X 0 0 0 JAMES GARITO TRUSTEE 1.00 X 0 0 0 LYNNE GREENE TRUSTEE 1.00 X 0 0 0 DAVID B JONES TRUSTEE 1.00 X 0 0 0 THOMAS LANSEN TRUSTEE 1.00 X 0 0 0 WILLIAM M MOONEY JR TRUSTEE 1.00 X 0 0 0 KUNI NAKAMURA TRUSTEE 1.00 X 0 0 0 LYNN STRATFORD TRUSTEE 1.00 X 0 0 0 HARRIS B STRATYNER TRUSTEE (FORMER) 1.00 X 0 0 0 JOHN R THOMPSON TRUSTEE 1.00 X 0 0 0 GREGORY H WILLIAMS TRUSTEE 1.00 X 0 0 0 DANIEL ZELEM TRUSTEE 1.00 X 0 0 0 TIMOTHY L HALL TRUSTEE, PRESIDENT 35.00 X X 467488 0 191484 DONALD B AUNGST CFO AND TREASURER 35.00 X 314040 0 44881 IRENE BUCKLEY CHIEF OF STAFF/SECRETARY 35.00 X 331048 0 22645 NARDA ROMERO CONTROLLER & ASST: TREASUR 35.00 X 180583 0 16512 CONCETTA M STEWART PROVOST AND V.P. OF ACADEM 35.00 X 468273 0 44881 DEIRDRE A WHITMAN VP ENROLLMENT MANAGEMENT 35.00 X 407918 0 25935 THOMAS SIMMONDS VP, OPERATIONS & FACILITIES 35.00 X 208323 0 61614 MARGARET M MCGRAIL VP STUDENT SERVICES 35.00 X 270542 0 41461 CHARLES E WEIS JR DEAN, SCHOOL OF BUSINESS 35.00 X 261540 0 42047 BERNADETTE WADE CHIEF ADVANCEMENT OFFICER 35.00 X 259296 0 17867 WILLIAM E MARTINOV CHIEF STUDENT AFFAIRS OFFI 35.00 X 225926 0 23250 JOHN POWER INSTRUCTOR, GRADUATE BUSINESS 35.00 X 209018 0 35113 3603995 0 567690 103 0 1 0 ELLUCIAN COMPANY LP 62590 COLLECTIONS CENTER DRIVE CHICAGO IL 60693 INFORMATION TECHNOLOGY 7998296 CONSIGLI CONSTRUCTION NY LLC US 199 WEST ROAD SUITE 100 PLEASANT VALLEY NY 12569 CONSTRUCTION 5143871 ARAMARK CORPORATION US ARAMARK DALLAS LOCKBOX PO BOX 97 DALLAS TX 753978839 FACILITY MAINTENANCE SERVICE 4272427 LESSINGS US 3500 SUNRISE HIGHWAY BUILDING 10 GREAT RIVER NY 11739 FOOD SERVICES MANAGEMENT 3376584 DOUGHERTY CLIFFORD & WADSWORTH CORP US 895 MARCONI AVENUE RONKONKOMA NY 11779 ADVERTISING/ MARKETING 2358249 32 320820 6493476 3519156 419443 10333452 GROSS TUITION & FEES 900099 156398849 156398849 ROOM AND BOARD 721310 9380357 9380357 165779206 1642528 1642528 150895 0 150895 150895 150895 102644965 81203 101933723 61562 711242 19641 730883 730883 303930 320820 133391 170539 170539 178807503 165779206 0 2694845 31268055 31268055 2373258 2373258 55454164 50211817 4395976 846371 2802838 2571537 187955 43346 8122907 7162097 840086 120724 4645830 4050670 526882 68278 9434092 1636425 7797667 177943 825 177118 93431 93431 693263 693263 4799788 4252005 547783 3457713 67645 3386254 3814 3075892 2597290 444560 34042 3691900 1333972 2345737 12191 13544152 12464930 1079222 1460644 1261244 192780 6620 2082084 1463396 579652 39036 2368945 2152453 216492 7393826 6802320 591506 812707 -27368 840075 STUDENT FOOD SERVICES 2526357 2526357 BAD DEBT 1670416 72960 1597456 MAINTENANCE 1555394 1340935 214459 PROGRAM PARTICIPANT SUP 1082995 1070257 12738 2380674 1586074 751657 42943 166969268 135865896 29792576 1310796 7231565 11367103 40046237 36146750 743733 1989037 4944680 4720608 436634 400400 2669128 2254761 160442289 59975977 93333426 100466312 135037289 142405596 57441848 82138927 3949976 3150278 345834516 385039772 14022030 17247054 6836264 6367778 52222157 50946264 11342252 10932995 84422703 85494091 X 254637896 290183953 2707297 5081367 4066620 4280361 261411813 299545681 345834516 385039772 X 11838235 25434462 861171 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 0 192479137 5247138 27433879 96691 619014 224444449 193535022 5319538 -5611632 75650 688141 192479137 147765416 42655006 3678834 60044 504190 193535022 103289493 33855121 11056573 70557 365214 147765416 64043194 33555589 6069379 73824 304845 103289493 0.97250 0.01900 0.00850 0 0 11083951 11083951 97374149 24518164 72855985 16988071 10638155 6349916 32441056 24819658 7621398 2555062 2555062 100466312 LIMITED PARTNERSHIP INTERESTS 3437525 F HEDGE FUNDS 64170179 F PRIVATE PARTNERSHIP INTERESTS 14531223 F 82138927 ADVANCES FROM FEDERAL GOVERNMENT FOR STUDENT LOANS 1048109 CONDITIONAL ASSET RETIREMENT OBLIGATION 3192911 DEFERRED RENT 6691975 10932995 X 173275209 25434462 994562 26429024 146846185 693263 31268055 31961318 178807503 135141341 133391 133391 135007950 693263 31268055 31961318 166969268 PART V, LINE 4: PERMANENTLY RESTRICTED NET ASSETS ARE RESTRICTED TO INVESTMENT IN PERPETUITY WITH INVESTMENT RETURN PRINCIPALLY AVAILABLE FOR SCHOLARSHIPS. PART X, LINE 2: THE COLLEGE BELIEVES IT HAS NO UNCERTAIN TAX POSITIONS AS OF JUNE 30, 2017 AND 2016 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: GAIN ON INTEREST RATE SWAPS 861,171. SPECIAL EVENTS DIRECT COST 133,391. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS 31,268,055. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENTS DIRECT COST 133,391. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS 31,268,055. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 MERCY COLLEGE HAS PUBLICIZED ITS RACIALLY NONDISCRIMINATORY POLICY THROUGH NEWSPAPER AND/OR BROADCAST MEDIA DURING THE PERIOD OF SOLICITATION IN A WAY THAT MADE THE POLICY KNOWN TO ALL PARTS OF THE GENERAL COMMUNITY IT SERVES. THE COLLEGE IS RECOGNIZED AS A MINORITY SERVING INSTITUTION. SCHEDULE E, PART I, LINE 6 MERCY COLLEGE RECEIVES FUNDS FROM VARIOUS FEDERAL AND STATE GOVERNMENTAL AGENCIES UNDER THEIR RESPECTIVE STUDENT FINANCIAL AID ASSISTANCE PROGRAMS. FEDERAL PROGRAMS INCLUDE THE PELL GRANT PROGRAM, SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANT (SEOG) PROGRAM, COLLEGE WORK STUDY (CWS) PROGRAM AND THE PERKINS LOAN PROGRAMS. X X X X X X X 1 GRANDSTAND SPORTS AND MEMORABILIA 148 MADISON AVENUE 14 NEW YORK NY 10016 ONLINE AUCTION 1 33050 25966 7084 CHARITY BUZZ 437 FIFTH AVENUE 11TH FLOOR NEW YORK NY 10016 ONLINE AUCTION 1 25450 5599 19851 58500 31565 26935 TRUSTEES DINNER 430691 251215 179476 77664 GOLF TOURNAMENT 79110 35650 43460 20195 2 114949 33955 80994 35532 624750 320820 303930 133391 133391 170539 1 SCHOLARSHIPS 4867 24994659 COST INSTITUTIONAL AID DISCOUNTS AND EXEMPTIONS 1358 6273396 COST INSTITUTIONAL AID SCHEDULE I, PART III SCHOLARSHIPS AND DISCOUNTS ARE BASED ON ACADEMIC PERFORMANCE AND FINANCIAL NEED AND ARE ADMINISTERED BY THE OFFICES OF ADMISSIONS AND STUDENT SERVICES. X X X 0 0 0 0 0 0 0 0 0 TIMOTHY L HALL TRUSTEE, PRESIDENT 467488 0 0 0 0 0 23850 0 167634 0 658972 0 0 0 DONALD B AUNGST CFO AND TREASURER 264040 0 50000 0 0 0 23850 0 21031 0 358921 0 0 0 IRENE BUCKLEY CHIEF OF STAFF/SECRETARY 216048 0 115000 0 0 0 19856 0 2789 0 353693 0 0 0 NARDA ROMERO CONTROLLER & ASST: TREASUR 180583 0 0 0 0 0 16512 0 0 0 197095 0 0 0 CONCETTA M STEWART PROVOST AND V.P. OF ACADEM 368273 0 100000 0 0 0 23850 0 21031 0 513154 0 0 0 DEIRDRE A WHITMAN VP ENROLLMENT MANAGEMENT 292918 0 115000 0 0 0 23850 0 2085 0 433853 0 0 0 THOMAS SIMMONDS VP, OPERATIONS & FACILITIES 208323 0 0 0 0 0 19495 0 42119 0 269937 0 0 0 MARGARET M MCGRAIL VP STUDENT SERVICES 220542 0 50000 0 0 0 20430 0 21031 0 312003 0 0 0 CHARLES E WEIS JR DEAN, SCHOOL OF BUSINESS 221540 0 40000 0 0 0 21016 0 21031 0 303587 0 0 0 BERNADETTE WADE CHIEF ADVANCEMENT OFFICER 199296 0 60000 0 0 0 17867 0 0 0 277163 0 0 0 WILLIAM E MARTINOV CHIEF STUDENT AFFAIRS OFFI 115926 0 110000 0 0 0 10982 0 12268 0 249176 0 0 0 JOHN POWER INSTRUCTOR, GRADUATE BUSINESS 207994 0 1024 0 0 0 14082 0 21031 0 244131 0 0 0 A NEW YORK CITY INDUSTRIAL DEVELOPMENT AGENCY 132906040 64971C450 2005-05-01 16220000 REFINANCING OF DEBT 0 0 0 B WESTCHESTER INDUSTRIAL DEVELOPMENT AGENCY 521294265 957368GJ6 2005-05-01 10140000 REFINANCING OF DEBT 0 0 0 C DOBBS FERRY LOCAL DEVELOPMENT CORPORATION 800668125 256048AA7 2014-07-31 8255000 INFRASTRUCTURE IMPROVEMENTS 0 0 0 D DOBBS FERRY LOCAL DEVELOPMENT CORPORATION 800668125 256048AB5 2014-07-31 12565000 INFRASTRUCTURE IMPROVEMENTS 0 0 0 A 6790000 16220000 948848 15271152 2005 0 0 0 1 B 6300000 10140000 696128 9443872 2005 0 0 0 1 C 8255000 135214 8119786 2015 0 0 0 1 D 12565000 205810 12359190 0 0 0 1 A 0 0 0 0 0 0 1 B 0 0 0 0 0 0 1 C 0 0 0 0 0 0 1 D 0 0 0 0 0 0 1 A 0 0 0 1 1 0 0 0 1 B 0 0 0 1 1 0 0 0 1 C 0 0 0 1 0 0 0 0 1 D 0 0 0 1 0 0 0 0 1 A 1 B 1 C 1 D 1 A DOBBS FERRY LOCAL DEVELOPMENT CORPORATION 800668125 256048AC3 2014-07-31 16035000 INFRASTRUCTURE IMPROVEMENTS 0 0 0 A 16035000 262647 15772353 0 0 0 1 A 0 0 0 0 0 0 1 A 0 0 0 1 0 0 0 0 1 A 1 X 15 419443 FAIR MARKET VALUE 0 1 1 PART I, LINE 32B: MERCY COLLEGE USES CHARITY BUZZ AND GRAND STAND SPORTS, ONLINE AUCTION SERVICE, TO AUCTION DONATED GOODS. FORM 990, PART VI, SECTION B, LINE 11B SENIOR MANAGEMENT REVIEWS THE FORM 990 AND IT IS THEN PROVIDED TO THE BOARD OF TRUSTEES PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY, BOARD OF TRUSTEES, OFFICERS, AND TOP MANAGEMENT OFFICIALS ARE REQUIRED TO SIGN OFF ON THE CONFLICT OF INTEREST POLICY AND TO DISCLOSE INTERESTS THAT COULD GIVE RISE TO CONFLICT. FORM 990, PART VI, SECTION B, LINE 15 WHEN DETERMINING THE COMPENSATION OF THE ORGANIZATION'S PRESIDENT, THE ORGANIZATION TYPICALLY CONSULTS PUBLIC INFORMATION DERIVED FROM THE ANNUAL REPORT ISSUED BY THE CHRONICLE OF HIGHER EDUCATION AND THEN SENDS TO THE BOARD OF TRUSTEES FOR APPROVAL. RECOMMENDATIONS ARE MADE TO THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES TO REVIEW AND APPROVE THE SALARIES OF THE PRESIDENT'S DIRECT REPORTS, INCLUDING OFFICERS AND KEY EMPLOYEES OF THE COLLEGE. FORM 990, PART VI, SECTION C, LINE 19 MERCY COLLEGE MAKES ITS GOVERNING DOCUMENTS (BY-LAWS), CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: LOSS ON INTEREST RATE SWAPS 861,171. FORM 990, PART XII, LINE 2C: THE PROCESS OF OVERSEEING THE AUDIT AND SELECTION OF INDEPENDENT ACCOUNTANT HAS NOT BEEN CHANGED FROM THE PRIOR YEAR.