2015-05-14T13:39:46-05:00 2014-06-30 113518842 MARKS PANETH LLP 685 THIRD AVENUE NEW YORK NY 10017 990 2013-07-01 131967321 MERCY COLLEGE MERC 9144552650 555 BROADWAY DOBBS FERRY NY 10522 TIMOTHY L HALL PRESIDENT 9144552650 2015-05-14 1 ROBERT R LYONS CPA P00227472 2125038800 2013 2016-03-07 17:11:31Z TIMOTHY L HALL 555 BROADWAY DOBBS FERRY NY 10522 308905931 0 X WWW.MERCY.EDU X 1950 NY EDUCATE STUDENTS IN LIBERAL ARTS, SCIENCES, BUSINESS, EDUCATION AND PROFESSIONAL PROGRAMS. 20 19 2243 19 0 0 8228997 6542207 173382648 172983207 293842 3916614 -9179 235142 181896308 183677170 29843774 29682635 0 0 65628859 63181178 66839 20178 1041793 57683552 57863653 153223024 150747644 28673284 32929526 235266280 276644018 48231016 48553571 187035264 228090447 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 STUDENTS TO EMBARK ON REWARDING CAREERS, TO CONTINUE LEARNING THROUGHOUT THEIR LIVES AND TO ACT ETHICALLY AND RESPONSIBLY IN A CHANGING WORLD. 0 0 120397792 29682635 173147681 MERCY COLLEGE IS A COMPREHENSIVE COLLEGE OFFERING BOTH UNDERGRADUATE AND GRADUATE DEGREES TO OVER 10,000 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. 120397792 1 1 0 1 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 1 1 0 0 0 0 0 0 0 0 1 113 0 2243 1 0 0 0 0 0 1 1 0 0 0 0 X 20 19 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 GARY W BROWN 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 KYUNG CIOFFI TRUSTEE 1.00 X 0 0 0 TIMOTHY L HALL TRUSTEE, PRESIDENT (05/13/14) 35.00 X 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 1.00 X 0 0 0 JAMES GARITO TRUSTEE 1.00 X 0 0 0 LYNNE GREENE TRUSTEE 1.00 X 0 0 0 BRUCE J HABER 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 DONALD J MATTHEWS TRUSTEE 1.00 X 0 0 0 CHARLES EF MILLARD 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 CARYL M STERN TRUSTEE 1.00 X 0 0 0 HARRIS B STRATYNER TRUSTEE 1.00 X 0 0 0 CONCETTA M STEWART INTERIM PRESIDENT 07/1/13-5/12/14 35.00 X X 343895 0 42139 IRENE BUCKLEY CHIEF OF STAFF/SECRETARY 35.00 X 215795 0 25420 NARDA ROMERO CONTROLLER & ASST: TREASURER 35.00 X 175938 0 15686 DONALD B AUNGST CFO AND TREASURER 35.00 X 230674 0 24790 JAMES J MCCUE CHIEF COMPLIANCE OFFICER 35.00 X 196695 0 13388 JOSEPH SCHAEFER CHIEF OPERATING OFFICER 35.00 X 265866 0 16268 DEIRDRE A WHITMAN VP ENROLLMENT MANAGEMENT 35.00 X 244381 0 28726 LORRAINE CASHIN FACULTY 35.00 X 172158 0 19147 WILLIAM E MARTINOV CHIEF STUDENT AFFAIRS OFFICER 35.00 X 187933 0 36552 MARGARET M MCGRAIL VP STUDENT SERVICES 35.00 X 214679 0 38547 ALFRED S POSAMENTIER DEAN, SCHOOL OF EDUCATION 35.00 X 213341 0 17390 CHARLES E WEIS JR DEAN, SCHOOL OF BUSINESS 35.00 X 250707 0 39103 KIMBERLY R CLINE FORMER TRUSTEE, PRESIDENT (06/30/13) 35.00 X 457108 0 32036 3169170 0 349192 98 1 1 0 ELLUCIAN COMPANY LP 62590 COLLECTIONS CENTER DRIVE CHICAGO IL 60693 INFORMATION TECHNOLOGY 6960294 ARAMARK COPORATION DINING SERVICES 153 PERKINS STUDENT CENTER NEWARK DE 19716 FACILITY MAINTENANCE SERVICE 2692819 LESSINGS 3500 SUNRISE HIGHWAY BUILDING 100 GREAT RIVER NY 11739 FOOD SERVICES MANAGEMENT 2138054 GA INDUSTRIES INC US 214-41 42ND AVENUE SUITE 4A BAYSIDE NY 11361 CONSTRUCTION/ RESTORATION 1693718 DOUGHERTY CLIFFORD & WADSWORTH CORP 895 MARCONI AVENUE RONKONKOMA NY 11749 ADVERTISING/ MARKETING 1238296 5 320305 5458141 763761 100967 6542207 GROSS TUITION & FEES 900099 165233023 165233023 ROOM AND BOARD 721310 6969857 6969857 OTHER 900099 780327 780327 172983207 3070091 3070091 164474 0 164474 164474 164474 125984827 125138304 846523 846523 846523 161125 320305 90457 70668 70668 183677170 173147681 0 3987282 29677731 29677731 4904 4904 1831031 1831031 47502993 43822013 3088437 592543 2357850 1974021 350287 33542 7312231 6121890 1086319 104022 4177073 3497097 620554 59422 8703788 638792 8064996 420779 420779 202566 566 202000 40000 40000 20178 20178 476920 476920 3947411 3555940 391471 2800989 94047 2706913 29 2136949 1768169 250636 118144 2197536 974047 1218256 5233 14626164 13690811 934894 459 1386923 1240733 140718 5472 1461882 1170161 257330 34391 838562 752518 86044 5065189 4709513 355676 542465 2378 540087 BAD DEBT 3229042 3229042 CONTRACTUAL PAYMENTS 1951808 1951808 STUDENT FOOD SERVICES 1909590 1909590 MAINTENANCE 1219948 921874 295595 2479 4705142 3870997 768266 65879 150747644 120397792 29308059 1041793 18231113 11312309 44222852 50067508 2244887 1936381 11073318 7407594 518247 451773 3418080 2828264 95394468 41679698 51168286 53714770 92889698 115890028 10399795 31875388 1100004 1160003 235266280 276644018 12417491 12086848 6272882 6826953 18025000 16925000 11515643 12714770 48231016 48553571 X 181601513 222208930 1733925 2105582 3699826 3775935 187035264 228090447 235266280 276644018 32929526 8125657 0 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 1 0 0 0 0 1 40000 1 0 40000 0 PART II-B, LINE 1: CONSULTING SERVICES ON LEGISLATIVE AND REGULATORY REPRESENTATION. 158430 X 0 103289493 33855121 11056573 70557 365214 147765416 64043194 33555589 6069379 73824 304845 103289493 31113763 32819631 364828 85475 169553 64043194 23521614 2614241 5119168 55648 85612 31113763 20392677 2605531 611834 88428 23521614 0.96450 0.02560 0.00990 0 0 6520561 6520561 44479201 13730459 30748742 15979444 7942641 8036803 23389236 18504030 4885206 5026026 1502568 3523458 53714770 LIMITED PARTNERSHIP INTERESTS 19629246 F HEDGE FUNDS 12246142 F 31875388 ADVANCES FROM FEDERAL GOVERNMENT FOR STUDENT LOANS 1310450 CONDITIONAL ASSET RETIREMENT OBLIGATION 3865411 DEFERRED RENT 7538909 12714770 X 161643272 8125657 8125657 153517615 476920 29682635 30159555 183677170 120588089 0 120588089 476920 29682635 30159555 150747644 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 HAS NO UNCERTAIN TAX POSITIONS AS OF JUNE 30, 2014 AND 2013 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. THE COLLEGE IS NO LONGER SUBJECT TO FEDERAL OR STATE AND LOCAL INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR THE YEAR ENDED JUNE 30, 2011 AND PRIOR YEARS. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS 29,682,635. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS 29,682,635. 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. 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 PROGRAM 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 CHARITY BUZZ 437 FIFTH AVENUE 11TH FLOOR NEW YORK NY 10016 ONLINE AUCTION 1 76831 16117 60714 GRANDSTAND SPORTS AND MEMORABILIA 148 MADISON AVENUE 14 NEW YORK NY 10016 ONLINE AUCTION 1 76050 52772 23278 152881 68889 83992 TRUSTEE'S DINNER 377022 255022 122000 72761 BRONX DINNER 62196 39796 22400 9759 1 42212 25487 16725 7937 481430 320305 161125 90457 90457 70668 1 SCHOLARSHIPS 4879 21719930 0 COST INSTITUTIONAL AID DISCOUNTS AND EXEMPTIONS 1803 7957801 0 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 CONCETTA M STEWART INTERIM PRESIDENT 07/1/13-5/12/14 293160 0 0 0 50735 0 23000 0 19139 0 386034 0 0 0 IRENE BUCKLEY CHIEF OF STAFF/SECRETARY 200795 0 15000 0 0 0 18344 0 7076 0 241215 0 0 0 NARDA ROMERO CONTROLLER & ASST: TREASURER 173438 0 2500 0 0 0 15686 0 0 0 191624 0 0 0 DONALD B AUNGST CFO AND TREASURER 180674 0 50000 0 0 0 13297 0 11493 0 255464 0 0 0 JAMES J MCCUE CHIEF COMPLIANCE OFFICER 196695 0 0 0 0 0 13388 0 0 0 210083 0 0 0 JOSEPH SCHAEFER CHIEF OPERATING OFFICER 252754 0 10000 0 3112 0 16268 0 0 0 282134 0 0 0 DEIRDRE A WHITMAN VP ENROLLMENT MANAGEMENT 238890 0 0 0 5491 0 21650 0 7076 0 273107 0 0 0 LORRAINE CASHIN FACULTY 172158 0 0 0 0 0 15412 0 3735 0 191305 0 0 0 WILLIAM E MARTINOV CHIEF STUDENT AFFAIRS OFFICER 183454 0 0 0 4479 0 17413 0 19139 0 224485 0 0 0 MARGARET M MCGRAIL VP STUDENT SERVICES 214679 0 0 0 0 0 19408 0 19139 0 253226 0 0 0 ALFRED S POSAMENTIER DEAN, SCHOOL OF EDUCATION 213341 0 0 0 0 0 17390 0 0 0 230731 0 0 0 CHARLES E WEIS JR DEAN, SCHOOL OF BUSINESS 210707 0 40000 0 0 0 19964 0 19139 0 289810 0 0 0 KIMBERLY R CLINE FORMER TRUSTEE, PRESIDENT (06/30/13) 329178 0 125000 0 2930 0 23000 0 9036 0 489144 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 A 475000 16220000 948848 15271152 2005 0 0 0 1 B 625000 10140000 696128 9443872 2005 0 0 0 1 A 0 0 0 0 0 0 1 B 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 A 1 B 1 JOSEPH P CARLUCCI ESQ BOARD MEMBER 118255 LEGAL - JOSEPH CARLUCCI IS A PARTNER AT A LAW FIRM ENGAGED BY MERCY COLLEGE DURING 2014. 0 X 5 100967 FAIR MARKET VALUE 0 0 1 PART I, LINE 32B: MERCY COLLEGE USES CHARITY BUZZ, AN ONLINE AUCTION SERVICE, TO AUCTION DONATED GOODS. FORM 990, PART VI, SECTION B, LINE 11 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 DIRECTORS, 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 XII, LINE 2C: THE PROCESS OF OVERSEEING THE AUDIT AND SELECTION OF INDEPENDENT ACCOUNTANT HAS NOT BEEN CHANGED FROM THE PRIOR YEAR.