2017-03-06T19:05:14-06:00 2016-06-30 GRANT THORNTON LLP 757 THIRD AVE 3RD FLOOR NEW YORK NY 100172013 990 2015-07-01 131740445 College of Mt St Vincent % SHIN MOON COLL 7184053200 6301 Riverdale Avenue Riverdale NY 10471 ABED ELKESHK EVP, Treasurer & CFO 7184053200 2017-03-06 true Daniel Romano P00504182 2125990100 2015 2021-01-29 14:40:06Z Charles Flynn - President 6301 Riverdale Avenue Riverdale NY 10471 58187362 false X www.mountsaintvincent.edu X 1847 NY FOUNDED BY THE SISTERS OF CHARITY OF NEW YORK, THE COLLEGE OF MOUNT SAINT VINCENT IS AN ACADEMICALLY EXCELLENT, AUTHENTICALLY INCLUSIVE, CATHOLIC AND ECUMENICAL LIBERAL ARTS COLLEGE. 31 30 1006 0 96 0 7746539 4195718 63362911 48211992 633503 494468 4553843 1319981 76296796 54222159 21874360 7191184 0 0 20964948 22550750 0 0 1252215 24944847 22483092 67784155 52225026 8512641 1997133 98159796 95781369 34098433 30496861 64061363 65284508 X FOUNDED BY THE SISTERS OF CHARITY OF NEW YORK, THE COLLEGE OF MOUNT SAINT VINCENT IS AN ACADEMICALLY EXCELLENT, AUTHENTICALLY INCLUSIVE, CATHOLIC AND ECUMENICAL LIBERAL ARTS COLLEGE. THE COLLEGE COMBINES A STRONG CORE CURRICULUM WITH A FULL ARRAY OF MAJORS IN THE LIBERAL ARTS AND, WITHIN THE TRADITION OF LIBERAL EDUCATION, SELECTED PROFESSIONAL FIELDS OF STUDY. AT MOUNT SAINT VINCENT, A STUDENT'S EDUCATION EXTENDS BEYOND KNOWLEDGE, SKILLS, AND PREPARATION FOR WORK. WE SEEK THE DEVELOPMENT OF THE WHOLE PERSON. IN THE SPIRIT OF VINCENT DE PAUL AND ELIZABETH ANN SETON, WE FOSTER AN UNDERSTANDING OF OUR COMMON HUMANITY, A COMMITMENT TO HUMAN DIGNITY, AND A FULL APPRECIATION OF OUR OBLIGATIONS TO EACH OTHER. THROUGH ITS SCHOOL OF PROFESSIONAL AND CONTINUING STUDIES, THE COLLEGE EXTENDS ITS PRIMARY UNDERGRADUATE MISSION BY OFFERING HIGH QUALITY GRADUATE STUDIES IN BUSINESS, EDUCATION AND NURSING AND AN ARRAY OF UNDERGRADUATE AND CERTIFICATE PROGRAMS SERVING NON-TRADITIONAL STUDENTS. false false 43232615 7191184 48211992 COLLEGE OF MOUNT SAINT VINCENT IS A SCHOOL OF HIGHER EDUCATION FORMED IN THE CATHOLIC TRADITION, BUT NONSECTARIAN. WE HAVE A DIVERSE STUDENT POPULATION BOTH ETHNICALLY AND ECONOMICALLY. WE OFFER 3 ASSOCIATE, 25 BACCALAUREATE, AND 8 GRADUATE MAJORS. WE AWARD B.A. AND B.S. DEGREES ON THE UNDERGRADUATE LEVEL. IN ADDITION, WE AWARD M.S. AND M.B.A. DEGREES ON THE GRADUATE LEVEL. OUR STUDENT BODY IS COMPOSED OF MORE THAN 1,800 FULL AND PART-TIME STUDENTS. THE COLLEGE OFFERS FULL-TIME STUDENTS A RESIDENCE PROGRAM DESIGNED TO ENHANCE THEIR ENGAGEMENT, LEARNING, AND CITIZENSHIP. THE COLLEGE MAINTAINS FIVE RESIDENCE HALLS, EACH HOUSING BETWEEN 75 AND 250 STUDENTS AND OFFERING A VARIETY OF AMENITIES, INCLUDING STUDY-LOUNGES, KITCHENETTES, AND LAUNDRY ROOMS. WE HAVE A SECOND CAMPUS IN MANHATTAN WHICH IS USED FOR A NURSING DEGREE PROGRAM AND FOREIGN TEACHER TRAINING PROGRAM WITH RESIDENTIAL CAPACITY OF 28 STUDENTS. 43232615 true true false true false false false true true true true false false false true true false true true false true false false false true false false false true true true false false false false false false false false false false true false false false false true true false false false true 59 0 true 1006 true false false false false false true true false false false false X 31 30 false false false false false false false true true false false false true true true true true true true false X SHIN MOON 7184053200 6301 RIVERDALE AVE Riverdale NY 10471 STEFANO ACUNTO trustee 1.0 0.0 X 0 0 0 Rosemary T Berkery trustee 1.0 0.0 X 0 0 0 Paula Marie Buley IHM trustee 1.0 0.0 X 0 0 0 John Caruso trustee 1.0 0.0 X 0 0 0 Vita A Cassese trustee 1.0 0.0 X 0 0 0 Gail Vance Civille trustee 1.0 0.0 X 0 0 0 Cristobal Conde trustee 1.0 0.0 X 0 0 0 Noreen M Culhane Chair 1.0 0.0 X X 0 0 0 Edmund C Duffy trustee 1.0 0.0 X 0 0 0 William J Fishlinger trustee 1.0 0.0 X 0 0 0 Steven M Hayes Secretary 1.0 0.0 X X 0 0 0 Maureen A Henegan trustee 1.0 0.0 X 0 0 0 Sister Jane Iannucelli Vice Chair 1.0 0.0 X X 0 0 0 Mary Beth Malone trustee 1.0 0.0 X 0 0 0 Stephen A Manzi trustee 1.0 0.0 X 0 0 0 Cathy-Ann Martine trustee 1.0 0.0 X 0 0 0 Paul W Mourning Trustee 1.0 0.0 X 0 0 0 John Neary trustee 1.0 0.0 X 0 0 0 Deryck A Palmer trustee 1.0 0.0 X 0 0 0 Raul Rivera trustee 1.0 0.0 X 0 0 0 Dominica Rocchio SC trustee 1.0 0.0 X 0 0 0 Joan M Squires trustee 1.0 0.0 X 0 0 0 Elizabeth Vermaelen SC trustee 1.0 0.0 X 0 0 0 David J Walsh trustee 1.0 0.0 X 0 0 0 Joan D Walsh trustee 1.0 0.0 X 0 0 0 Susan L Whitney trustee 1.0 0.0 X 0 0 0 Vaughn C Williams trustee 1.0 0.0 X 0 0 0 Kristin Trahan Winford trustee 1.0 0.0 X 0 0 0 Charles L Flynn Jr President 40.0 0.0 X X 347772 0 34560 maura Markus trustee 1.0 0.0 X 0 0 0 MARGARET O'BRIEN sC trustee 1.0 0.0 X 0 0 0 Abed Elkeshk EVP, Treasurer & CFO 40.0 0.0 X 188824 0 25778 Madeleine Melkonian SVP/Inst. Adv. & College Rel. 40.0 0.0 X 177108 0 34190 Collette Atkins VP/Institutional Advancement 40.0 0.0 X 156441 0 25119 Kevin DeGroat VP for Operations 40.0 0.0 X 151905 0 0 Adam Wichern VP For IT/CIO 40.0 0.0 X 133436 0 13107 Sarah Stevenson Provost 40.0 0.0 X 148023 0 28484 1303509 0 161238 12 false true false Conserv Construction Inc PO Box 855 HILLBURN NY 10931 Construction 705073 IPSL 4110 SE Hawthorne Blvd 200 PORTLAND OR 97214 recruiting 471673 Chartwells Compass Group Lockbox CHICAGO IL 60693 meal plan service 332660 Spark451 Inc 865 Merrick Avenue suite 451 WESTBURY NY 11590 Student recruiting 237385 Chris Mazzei Builders Group LLC 197 Mountainview Road WARREN NJ 07059 construction 193220 20 399250 2017050 1779418 72979 4195718 TUITION & FEES 900099 41479646 41479646 ROOM & BOARD 900099 6732346 6732346 48211992 273896 96 273800 0 0 609809 609809 0 609809 609809 3988480 3767908 220572 220572 220572 195180 399250 197295 -2115 -2115 0 110453 110453 110453 INVESTMENT AMORTIZATION 900099 305085 305085 OTHER AUX REVENUE 900099 124253 124253 REBATE INCOME 900099 98342 98342 74154 74154 601834 54222159 48211992 96 1814353 0 7191184 7191184 0 0 589348 589348 0 18438617 13325958 4667515 445144 96488 69423 23772 3293 2056877 1457535 530216 69126 1369420 963278 360456 45686 0 79693 79693 188790 188790 0 0 96298 96298 810777 596289 112681 101807 152471 440 150916 1115 1130650 661435 264358 204857 913898 127300 786569 29 0 2904440 108926 2795514 442782 380001 47342 15439 0 149134 130394 13294 5446 65396 65396 0 5141218 4788020 353198 621552 621552 FOOD SERVICE 3498444 3366654 63845 67945 CONTRACTUAL SERVICES 2721173 544043 2090005 87125 TUITION DISC, WAIVER & GRANT 1206242 1206242 ALLOCATED INDIRECT EXPENSES 6530618 -6709378 178760 2360134 1784875 548816 26443 52225026 43232615 7740196 1252215 9706 13001 2097977 1969830 6580388 5311747 1949359 2642657 0 0 0 0 724391 687874 72688 124802 75787 123198 119250618 52397539 69137243 66853079 10626332 11612009 3382417 3210463 0 0 0 0 3503508 3232709 98159796 95781369 3821726 1743079 0 0 1739123 1310961 18352032 17797032 4343971 3920841 0 0 3765223 3586260 0 0 2076358 2138688 34098433 30496861 X 45046746 45757100 8018179 8085234 10996438 11442174 64061363 65284508 98159796 95781369 1997133 -773988 X false true X true true true X 4431946 2902718 7990079 7746539 4195718 27267000 0 0 4431946 2902718 7990079 7746539 4195718 27267000 1803358 25463642 719609 445665 469783 825155 883705 3343917 0 520465 1879090 811132 4251620 907466 8369773 38980690 281055715 0.65324 0.00000 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 negligible. This represents the only lobbying activities of the College. 43405 X false false true X 17181154 616506 -297513 105037 17395110 13581080 3905632 -192577 112981 17181154 9936429 2012215 1755596 123160 13581080 8639273 618789 1034768 356401 9936429 8376666 538875 -218334 57934 8639273 0.21000 0.65000 0.14000 false false 2009990 2009990 91835413 31865749 59969664 17075852 13555634 3520218 8329363 6976156 1353207 66853079 0 U.S. GOV'T GRANTS REFUNDABLE 691233 CONDITIONAL ASSET RETIREMENT 1447455 2138688 X 46455782 -773988 1500 -7191184 -7963672 54419454 -197295 -197295 54222159 45232637 1500 197295 198795 45033842 7191184 7191184 52225026 TRUST, ESCROW AND CUSTODIAL ARRANGEMENTS FORM 990, SCHEDULE D, PART IV, LINE 2 The College holds custodial accounts on behalf of its matriculating students. These funds are ultimately used to finance student activities, dining facilities, clubs and other programs. This account is reported on the College's financial statements and is reported on Part X, Line 21. During fiscal 2012, the College entered into an agreement with a third-party organization that will fund an investment in capital improvements to the College's dining service facility in a sum not to exceed $5,000,000. The investment is amortized on a straight line basis, which commenced October 2012 through June 2027, as the College holds title to such improvements. If the agreement expires or is terminated for any reason prior to the full amortization, the College is liable for the unamortized portion of the investment. The College received the first installment of $2 million in fiscal 2012 and an additional $2.5 million in fiscal 2013. This account is reported on the College's financial statements and is reported on Part X, line 21. ENDOWMENT FUNDS FORM 990, SCHEDULE D, PART V, LINE 4 THE COLLEGE'S ENDOWMENT FUND IS INTENDED TO SUPPORT THE COLLEGE'S EDUCATIONAL MISSION THROUGH SCHOLARSHIPS AND EDUCATIONAL PROGRAMS. Reconciliation of Revenue FORM 990, SCHEDULE D, PART XI Line 2d - SCHOLARSHIP EXPENSE: $(7,191,184) Line 4B - SPECIAL EVENTS EXPENSE: $(197,295) Reconciliation of Expenses FORM 990, SCHEDULE D, PART XII Line 2d - Special events expense: $197,295 Line 4B - SCHOLARSHIP EXPENSE: $7,191,184 Collections of Art Schedule D, Part III, Line 4 The College maintains various pieces of art for display throughout the campus; this artwork enhances student and faculty appreciation of fine art while simultaneously improving the aesthetics of the College campus. FIN 48 sCHEDULE D, PART X, LINE 2 the College follows the provisions of FASB Interpretation No. 48 ("FIN 48") Accounting for Uncertainties in Income Taxes - an interpretation of FASB Statement No. 109," now incorporated in Accounting Standards Codification ("ASC") 740. ASC 740-10 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 section provides that the tax effects from an uncertain tax position can be recognized in the financial statements only if the position is "more-likely-than-not" to be sustained if the position were to be challenged by a taxing authority. The assessment of the tax position is based solely on the technical merits of the position, without regard to the likelihood that the tax position may be challenged. The College is exempt from federal income taxation by virtue of being an organization described in Section 501(c)(3) of the Internal Revenue Code. Nevertheless, the College may be subject to tax on income unrelated to its exempt purpose, unless that income is otherwise excluded by the Code. The tax years ended June 30, 2013, 2014, 2015 and 2016 are still open to audit for both federal and state purposes. The adoption of ASC 740-10 did not have a material impact on the College's consolidated financial statements, as management determined that there are no material uncertain tax positions within its financial statements. true true true true true true true false false false false false false false false true false true Part I, Line 3 The College's non-discriminatory policy is disclosed in all publications, printed and distributed by the college, as well as on its website. Part I, Line 6A The College accepts both federal and state governmental funding for the purposes of providing financial aid to students matriculating at the College. Central America and the Caribbean Investments 2993150 Europe (Including Iceland and Greenland) Investments 1947093 East Asia and the Pacific Investments 1564145 South America Investments 225095 6729483 6729483 true false true true true false Form 990, Schedule F, Part IV College of mount saint Vincent 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. tribute Dinner 594430 399250 195180 21375 90000 30825 55095 0 594430 399250 195180 21375 90000 30825 55095 197295 -2115 true Scholarships 1516 7191184 GRANTS AND OTHER ASSISTANCE IN THE UNITED STATES FORM 990, SCHEDULE I, PART I, LINE 2 The college provides scholarships to students matriculating at the University; these scholarships may only be used by students to defray the costs of tuition and/or room and board. Since the students may not exercise any discretion on how the funds are spent, the college is not required to monitor the grants (other than to ensure that the student is fulfilling the requirements for earning the scholarship). X false true X X X X false false false false false false false false false Charles L Flynn Jr President 328642 0 0 0 19130 0 22185 0 12375 0 382332 0 0 0 Abed Elkeshk EVP, Treasurer & CFO 188074 0 0 0 750 0 2844 0 22934 0 214602 0 0 0 Madeleine Melkonian SVP/Inst. Adv. & College Rel. 172233 0 0 0 4875 0 0 0 34190 0 211298 0 0 0 Collette Atkins VP/Institutional Advancement 153191 0 0 0 3250 0 2059 0 23060 0 181560 0 0 0 Kevin DeGroat VP for Operations 149405 0 0 0 2500 0 0 0 0 0 151905 0 0 0 Sarah Stevenson Provost 148023 0 0 0 0 0 2268 0 26216 0 176507 0 0 0 Schedule J, Part I Housing Allowance The College's President, Charles Flynn, receives a housing allowance from the College that is included in taxable income and reported in Schedule J, Part II, column B(iii). The housing allowance is part of the Presidents compensation package in his employment agreement as such, there is no written policy regarding payment or reimbursement. A NEW YORK INDUSTRIAL DEVELOPMENT AGENCY 132906040 649438BD9 2006-06-29 22117032 Build and Refurbish Dorms false false false A 4437032 0 22117032 1546137 0 0 442341 894831 0 17334328 1899394 0 2007 true false true true A false false false false 0 false false false false A false false true false 0 false 0 false false A false Written Bond Policies The organization has not violated any applicable requirements for tax exempt bonds benefiting the organization. The organization is working with bond counsel to establish written procedures to ensure timely identification of federal tax requirements and timely correction of any identified violations. Part IV, Line 2b No rebate computation was performed as the organization did not reinvest any bond proceeds in a higher yielding investment. X 8 36809 FMV X software 1 35000 FMV X mirror 1 270 FMV X cocktail napkins 1 900 FMV false true false SCHEDULE M, PART I, COLUMN B THE COLLEGE IS REPORTING THE NUMBER OF CONTRIBUTIONS RECEIVED. POLICIES FORM 990, PART VI, SECTION B Line 11 - process used to review form 990 The Form 990 was prepared by an independent accounting firm in conjunction with the organization's financial department. The Form 990 was presented to the audit committee in February of 2017 and a copy of the draft form 990 was circulated to the Board of Trustees for discussion and comment. The Board of Trustees has directed that information on individual donors not be generally distributed. However, this information is available to any Trustees who request it for review. Each Audit committee member and board of trustees member was provided ample opportunity to comment on the information contained in the 990 prior to its filing with the Internal Revenue Service. LINE 12 - enforcement and monitoring of conflict of interest policy potential conflicts of interest are reviewed annually by the audit committee. Relationships between Board members, officers or key employees of the College must be fully disclosed. In such instance, the trustee, officer, or key employee of the College must: A. Trustees 1) if a trustee discloses the existence of such interest and describes the nature thereof to the other trustees at such time as one becomes aware of it, and in all instances prior to the time final action is taken by the Board and/or the Executive Committee with respect to that matter; 2) abstain from voting thereon, with the meeting minutes recording such abstention; and 3) recuse himself/herself from the meeting during some portion of the discussion of the matter if the Board Chairman so requests This policy, however, should not be construed as preventing the trustee from briefly stating his/her position in the matter, nor from answering pertinent questions of other trustees, nor from recommending that the trustees enter into such transaction, since his/her knowledge may be of great assistance to the entire Board. B. Officers 1) if an officer discloses the existence of such interest and describes the nature thereof to the President at such time as one becomes aware of it, and in all instances prior to the time the final action is taken by those responsible for the recommendation and/or decision involved; 2) abstain from making a recommendation or decision on the matter involved and submit a written statement to the office of the President reporting having recused himself/herself thereon; The President shall inform the Executive Committee of the Board. C. Key Employees 1) if a key employee disclosed the existence of such interest and describes the nature thereof to the appropriate senior administrator and to the President at such time as one becomes aware of it, and in all instances, prior to the time the final action is taken by those responsible for the recommendation and/or decision involved; 2) abstain from making or participating in making a recommendation or decision on the matter involved and submit a written statement to the office of the appropriate vice president reporting having recused himself/herself thereon. LINE 15 - process for determining compensation The process of determining the President's compensation is determined and voted on by the Board of Trustees. THE EXECUTIVE COMMITTEE, WHICH IS RESPONSIBLE FOR REVIEWING AND DOCUMENTING THE COMPENSATION OF THE PRESIDENT, USES DATA PROVIDED BY AN INDEPENDENT COMPENSATION CONSULTANT. DOCUMENTATION OF THE EXECUTIVE COMMITTEE'S DELIBERATIONS REGARDING PRESIDENTIAL COMPENSATION DECISIONS IS PREPARED, APPROVED BY THE COMMITTEE AND FILED WITH OTHER BOARD-RELATED DOCUMENTS THAT ARE MAINTAINED AT THE COLLEGE. THE EXECUTIVE COMMITTEE REPORTS CHANGES TO THE PRESIDENT'S COMPENSATION IN EXECUTIVE SESSION TO THE FULL BOARD. The process of setting compensation for compensation of other officers (VP's) and the Provost of the organization is determined by the CEO (President) based upon comparability data. Disclosure FORM 990, PART VI, SECTION C LINE 19 - availability of documents to the public The College makes its Form 990 available to the public by retaining a copy at its place of business. The Form 990 is likewise published on the internet at www.guidestar.org. The organization's financial statements, governing documents and conflict of interest policy are not ordinarily made available to the public, but, if requested, will be provided at management's discretion. DayspringCollege of Mount Saint Vincent 6301 riverdale avenue riverdale NY 10471 retreat CT 501(c)(3) line 1 CMSV true Charitable Remainder Trusts (2) false false false false false false false false false false false false false false false false false false false