IONA UNIVERSITY: Form 990, tax year 2012
View the entire original 990 at ProPublica ↗
- Organization
- IONA UNIVERSITY (EIN 13-3508093)
- Tax period
- 2012-07-01 to 2013-06-30
- Filed
- 2014-02-14
- IRS object ID
- 201430459349302528
- Schema version
- 2012v2.3
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule C
- Schedule D
- Schedule E
- Schedule G
- Schedule I
- Schedule J
- Schedule K
- Schedule L
- Schedule M
- Schedule O
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2014-02-14T15:40:42-06:00 | Timestamp |
| Tax Period End Date | 2013-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | GRANT THORNTON LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 666 THIRD AVENUE | AddressLine1 |
| City | NEW YORK | City |
| State | NY | State |
| ZIP Code | 100174057 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2012-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 133508093 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | IONA COLLEGE | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| In Care Of Name | % ANNE MARIE SCHETTINI-LYNCH | InCareOfName |
| Name Control | IONA | NameControl |
| Phone | 9146332483 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 715 NORTH AVENUE MCSPEDON HALL | AddressLine1 |
| Address Line2 | Suite | AddressLine2 |
| City | NEW ROCHELLE | City |
| State | NY | State |
| ZIP Code | 108011890 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | Anne marie Schettini-Lynch | Name |
| Title | senior vp for fin | Title |
| Phone | 2125990100 | Phone |
| Date Signed | 2014-02-10 | DateSigned |
| Authorize Third Party | true | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | Scott Thompsett | Name |
| Phone | 2125990100 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2012 | TaxYear |
| Build TS | 2015-11-30 17:44:51Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | Dr Joseph Nyre | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 715 NORTH AVENUE MCSPEDON | AddressLine1 |
| City | NEW ROCHELLE | City |
| State | NY | State |
| ZIP Code | 10801 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 138480971 | GrossReceipts |
| Group Return For Affiliates | false | GroupReturnForAffiliates |
| Group Exemption Number | 0928 | GroupExemptionNumber |
| Organization501c3 | X | Organization501c3 |
| Web Site | WWW.IONA.EDU | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1940 | YearFormation |
| State Legal Domicile | NY | StateLegalDomicile |
| Activity Or Mission Description | IONA COLLEGE IS A DIVERSE COMMUNITY OF LEARNERS AND SCHOLARS DEDICATED TO ACADEMIC EXCELLENCE IN THE TRADITION OF THE CHRISTIAN BROTHERS AND AMERICAN CATHOLIC HIGHER EDUCATION. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 28 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 27 | NbrIndependentVotingMembers |
| Total Nbr Employees | 1843 | TotalNbrEmployees |
| Total Nbr Volunteers | 0 | TotalNbrVolunteers |
| Total Gross UBI | 375449 | TotalGrossUBI |
| Contributions Grants Prior Year | 5004535 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 7049552 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 127312554 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 127774342 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 1042718 | InvestmentIncomePriorYear |
| Investment Income Current Year | 1047504 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 2049095 | OtherRevenuePriorYear |
| Other Revenue Current Year | 2123810 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 135408902 | TotalRevenuePriorYear |
| Total Revenue Current Year | 137995208 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 37128371 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 38195495 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 56949969 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 57453816 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 2483551 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 37366823 | OtherExpensePriorYear |
| Other Expenses Current Year | 37550898 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 131445163 | TotalExpensesPriorYear |
| Total Expenses Current Year | 133200209 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 3963739 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 4794999 | RevenuesLessExpensesCY |
| Total Assets BOY | 187702399 | TotalAssetsBOY |
| Total Assets EOY | 201825197 | TotalAssetsEOY |
| Total Liabilities BOY | 51812096 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 56589314 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 135890303 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 145235883 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | IONA COLLEGE IS A DIVERSE COMMUNITY OF LEARNERS AND SCHOLARS DEDICATED TO ACADEMIC EXCELLENCE IN THE TRADITION OF THE CHRISTIAN BROTHERS AND AMERICAN CATHOLIC HIGHER EDUCATION. WE COMMIT OURSELVES TO EDUCATION WITHIN THE RICH HERITAGE OF THESE LEGACIES, ESPECIALLY INTELLECTUAL INQUIRY AND THE VALUES OF JUSTICE, PEACE, AND SERVICE. IONA COLLEGE GRADUATES WILL BE SOUGHT AFTER BECAUSE THEY WILL BE: (1) ETHICAL AND SKILLED DECISION MAKERS AND PROBLEM SOLVERS MOTIVATED TO LEADERSHIP, SERVICE AND CIVIC RESPONSIBILITY, (2) INDEPENDENT THINKERS INFORMED AND ENRICHED BY A LIBERAL ARTS EDUCATION, (3) LIFELONG LEARNERS SKILLED IN AND ADAPTABLE TO NEW INFORMATION AND TECHNOLOGIES, AND (4) INDIVIDUALS WHO INTEGRATE THE SPIRITUAL, INTELLECTUAL, CIVIC, EMOTIONAL, AND PHYSICAL DIMENSIONS OF THEIR LIVES. THE IONA COLLEGE COMMUNITY WILL ACHIEVE THESE GOALS BY DEDICATED TEACHING ENHANCED THROUGH CREATIVE RESEARCH AND SCHOLARSHIP, INTERNSHIPS, CAREER DEVELOPMENT AND BY PARTICIPATION OF STUDENTS, FACULTY, | MissionDescription |
| Significant New Program Services | false | SignificantNewProgramServices |
| Significant Change | false | SignificantChange |
| Expense | 69358802 | Expense |
| Grants | 38195495 | Grants |
| Revenue | 110161285 | Revenue |
| Description | Iona College is chartered by the State of New York and fully accredited by the Commission on Higher Education of the Middle States Association of Schools and Colleges (CHE-MSA) to offer credit-bearing coursework towards degrees and registered certificates at the undergraduate and graduate levels. In addition to the federal Department of Education approved regional accreditor (CHE-MSA), Iona's academic programs hold multiple professional and special accreditations from outside agencies. Iona offers a wide variety of undergraduate and graduate degrees in the School of Arts and Science and the Hagan School of Business, including undergraduate degree programs for students enrolled in the evening Professional Studies Program. The School of Arts & Science supports the mission of Iona College through its commitment to academic excellence and education in the liberal arts tradition. A community of teacher-scholars devoted to academic excellence, the School of Arts & Science seeks, through the departments that comprise it, to provide all students with an educational foundation that is both traditional and contemporary. Through its major programs at the undergraduate and graduate levels, the School offers courses of study in the traditional liberal arts disciplines and appropriate preprofessional and professional programs that provide academic challenge and intellectual depth, and are rooted in liberal learning. Beyond its own inherent values, such broadly based education serves especially well the needs of students who will be employed in a rapidly evolving work environment and may change careers several times. In furtherance of these commitments, the School of Arts & Science strives to: - provide an education that is current, student-centered, outcome-based, and involves an appropriate mix of classroom-based instruction, independent research, and internship or practical experience; - equip students with the skills necessary for success in a rapidly changing environment: critical thinking, effective oral and written communication, problem solving, ethical decision making, computer competency, and scientific and technological literacy; - instill in students the habits of mind enabling them to possess our most precious human heritage: those ideas, beliefs, and writings that are the basis of intellectual, cultural, and moral development; - deepen students' self-awareness, reflectiveness, and commitment to a core of values that will illuminate both their personal relationships and their relationship to a pluralistic society with the qualities of intelligence, tolerance, decency, and compassion; - recruit, retain, and support the development of a faculty of exceptional teacher-scholars whose pedagogy is informed by research, experience, and scholarship. The Hagan School of Business offers degree programs leading to the Bachelor of Business Administration (B.BA.) degree in seven majors: Accounting, Business Administration, Finance, Information Systems, International Business, Management, and Marketing. | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 15386496 | Expense |
| Grants | 0 | Grants |
| Revenue | 17613056 | Revenue |
| Description | Iona College provides ancillary auxiliary services to both its student population and its employee base in an effort to support its educational mission. 1. Residential Services As part of the student experience, Iona College offers on-campus residence hall housing and related services. The primary goal of Iona's Residential Life program is to provide a safe, secure and comfortable environment where academic success, as well as the social, emotional, spiritual, physical and cultural development of each resident, is facilitated. 2. Bookstore The College has an on-campus bookstore where students can purchase textbooks, study aids, electronics, software, stationery, and related hard goods. 3. Food Services/Cafeteria The College has an on-campus cafeteria that is committed to providing quality and nutritious food with exceptional service. Resident students and commuters may participate in the full Meal Plan offered at Iona College. | Description |
Activity3 Activity3
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 27213978 | Expense |
| Grants | 0 | Grants |
| Revenue | 0 | Revenue |
| Description | Other academic and student support activities are provided for enrolled students and in support of faculty scholarship consistent with standards established by the New York State Education Department, the Commission on Higher Education of the Middle States Association of Schools and Colleges and best practices in American higher education. These include fully staffed and operational libraries, a career development center, counseling center, health services center, IT support center, faculty training center, tutoring and academic support center, campus ministries office, athletics department, and student development office servicing clubs, student government, student media, and student recreation. | Description |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expense | 111959276 | TotalProgramServiceExpense |
| Described In501 C3 | true | DescribedIn501C3 |
| Schedule B Required | true | ScheduleBRequired |
| Political Activities | false | PoliticalActivities |
| Lobbying Activities | true | LobbyingActivities |
| Subject To Proxy Tax | false | SubjectToProxyTax |
| Donor Advised Funds | false | DonorAdvisedFunds |
| Conservation Easements | false | ConservationEasements |
| Collections Of Art | true | CollectionsOfArt |
| Credit Counseling | false | CreditCounseling |
| Term Or Permanent Endowments | true | TermOrPermanentEndowments |
| Report Land Bldg Equip | true | ReportLandBldgEquip |
| Report Invest Oth Securities | true | ReportInvestOthSecurities |
| Report Prog Rel Invest | false | ReportProgRelInvest |
| Report Other Assets | false | ReportOtherAssets |
| Report Other Liabilities | true | ReportOtherLiabilities |
| Report Fin48 Footnote | true | ReportFin48Footnote |
| Independent Audit Financial Stmt | true | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | false | ConsolidatedAuditFinancialStmt |
| School | true | School |
| Foreign Office | false | ForeignOffice |
| Foreign Activities | false | ForeignActivities |
| More Than5000 K To Organizations | false | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividuals |
| Professional Fundraising | false | ProfessionalFundraising |
| Fundraising Activities | true | FundraisingActivities |
| Gaming | false | Gaming |
| Hospital | false | Hospital |
| Grants To Organizations | false | GrantsToOrganizations |
| Grants To Individuals | true | GrantsToIndividuals |
| Schedule J Required | true | ScheduleJRequired |
| Tax Exempt Bonds | true | TaxExemptBonds |
| Invest Tax Exempt Bonds | false | InvestTaxExemptBonds |
| Escrow Account | false | EscrowAccount |
| On Behalf Of Issuer | false | OnBehalfOfIssuer |
| Excess Benefit Transaction | false | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | false | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | false | LoanToOfficerOrDQP |
| Grant To Related Person | false | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | false | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | false | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | true | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | true | DeductibleNonCashContributions |
| Deductible Contributions Of Art | false | DeductibleContributionsOfArt |
| Terminated | false | Terminated |
| Partial Liquidation | false | PartialLiquidation |
| Disregarded Entity | false | DisregardedEntity |
| Related Entity | false | RelatedEntity |
| Related Org Controlled Entity | false | RelatedOrgControlledEntity |
| Transfers To Exempt Non Chrtbl Org | false | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | false | ActivitiesConductedPartnership |
| Schedule O Required | true | ScheduleORequired |
| Number Forms Transmitted With1096 | 179 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | true | ComplianceWithBackupWitholding |
| Number Of Employees | 1843 | NumberOfEmployees |
| Employment Tax Returns Filed | true | EmploymentTaxReturnsFiled |
| Unrelated Business Income | true | UnrelatedBusinessIncome |
| Form990-T Filed | true | Form990-TFiled |
| Foreign Financial Account | false | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTrans |
| Taxable Party Notification | false | TaxablePartyNotification |
| Non Deductible Contributions | false | NonDeductibleContributions |
| Quid Pro Quo Contributions | true | QuidProQuoContributions |
| Quid Pro Quo Disclosure | true | QuidProQuoDisclosure |
| Form8282 Property Disposed Of | false | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | false | FundsToPayPremiums |
| Premiums Paid | false | PremiumsPaid |
| Indoor Tanning Services | false | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 28 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 27 | NumberIndependentVotingMembers |
| Family Or Business Relationship | false | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | false | DelegationOfManagementDuties |
| Changes To Organizing Docs | false | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuse |
| Members Or Stockholders | false | MembersOrStockholders |
| Election Of Board Members | false | ElectionOfBoardMembers |
| Decisions Subject To Approval | false | DecisionsSubjectToApproval |
| Minutes Of Governing Body | true | MinutesOfGoverningBody |
| Minutes Of Committees | true | MinutesOfCommittees |
| Officer Mailing Address | false | OfficerMailingAddress |
| Local Chapters | false | LocalChapters |
| Form990 Provided To Governing Body | true | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | true | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | true | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | true | RegularMonitoringEnforcement |
| Whistleblower Policy | true | WhistleblowerPolicy |
| Document Retention Policy | true | DocumentRetentionPolicy |
| Compensation Process CEO | true | CompensationProcessCEO |
| Compensation Process Other | true | CompensationProcessOther |
| Investment In Joint Venture | false | InvestmentInJointVenture |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | ANNE MARIE SCHETTINI-LYNCH | NamePerson |
| Telephone Number | 9146332468 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 715 NORTH AVENUE MCSPEDON HALL | AddressLine1 |
| City | NEW ROCHELLE | City |
| State | NY | State |
| ZIP Code | 10801 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (42 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Other CompensationOtherCompensation | Key EmployeeKeyEmployee | Highest Compensated EmployeeHighestCompensatedEmployee | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | FormerFormer |
|---|---|---|---|---|---|---|---|---|---|
| Dr Joseph Nyre | |||||||||
| President, Iona College | 70.0 | X | X | 467663 | 91487 | ||||
| James Hynes | |||||||||
| Chairperson | 1.0 | X | X | ||||||
| Stephen Reitano | |||||||||
| Secretary | 1.0 | X | X | ||||||
| Michael Beckerich | |||||||||
| Trustee (thru may 2013) | 1.0 | X | |||||||
| David Brown | |||||||||
| Trustee | 1.0 | X | |||||||
| Linda Bruno | |||||||||
| Trustee | 1.0 | X | |||||||
| Ronald DeFeo | |||||||||
| Trustee | 1.0 | X | |||||||
| Andrew Dolce | |||||||||
| Trustee | 1.0 | X | |||||||
| Richard Franchella | |||||||||
| Trustee | 1.0 | X | |||||||
| Theresa Gottlieb | |||||||||
| Trustee | 1.0 | X | |||||||
| Julia Considine Greifeld | |||||||||
| Trustee | 1.0 | X | |||||||
| Thomas Hales | |||||||||
| Trustee | 1.0 | X | |||||||
| Mike Hegarty | |||||||||
| Trustee | 1.0 | X | |||||||
| Alice Hoersch | |||||||||
| Trustee | 1.0 | X | |||||||
| Kathleen Hurlie | |||||||||
| Trustee | 1.0 | X | |||||||
| Robert LaPenta | |||||||||
| Trustee | 1.0 | X | |||||||
| Bartley Livolsi | |||||||||
| Trustee | 1.0 | X | |||||||
| Patrick Lynch | |||||||||
| Trustee | 1.0 | X | |||||||
| Phillip Maisano | |||||||||
| Trustee | 1.0 | X | |||||||
| David McCabe | |||||||||
| Trustee | 1.0 | X | |||||||
| J Riley McDonough | |||||||||
| Trustee | 1.0 | X | |||||||
| JoAnn Murphy | |||||||||
| Trustee | 1.0 | X | |||||||
| Br Lawrence Murphy CFC | |||||||||
| Trustee (thru may 2013) | 1.0 | X | |||||||
| Br Hugh O'Neill CFC | |||||||||
| Trustee | 1.0 | X | |||||||
| Peter Riguardi | |||||||||
| Trustee (thru may 2013) | 1.0 | X | |||||||
| Armando Rodriguez | |||||||||
| Trustee | 1.0 | X | |||||||
| Charles Schoenherr | |||||||||
| Trustee | 1.0 | X | |||||||
| Raymond Vercruysse | |||||||||
| Trustee | 1.0 | X | |||||||
| Brian Walsh | |||||||||
| Trustee | 1.0 | X | |||||||
| Lawrence Wills | |||||||||
| Trustee | 1.0 | X | |||||||
| Patrick Dunican | |||||||||
| Trustee | 1.0 | X | |||||||
| Jonathan Ivec | |||||||||
| SVP for Finance & Admin | 55.0 | X | 264177 | 19709 | |||||
| Brian Nickerson | |||||||||
| PROVOST/SVP, Academics | 55.0 | X | 222802 | 22503 | |||||
| Vincent Calluzzo | |||||||||
| Dean, Hagan School of Business | 40.0 | 207644 | 22936 | X | |||||
| Paul Sutera | |||||||||
| SVP-Advancement & External | 40.0 | 207118 | 20890 | X | |||||
| Joanne Laughlin Steele | |||||||||
| Provost for IT | 40.0 | 170326 | 22182 | X | |||||
| Timothy Cluess | |||||||||
| Men's Basketball Coach | 40.0 | 339229 | 13188 | X | |||||
| Kurt Engemann | |||||||||
| Professor | 40.0 | 186821 | 13993 | X | |||||
| Ronald Yager | |||||||||
| Professor | 40.0 | 220214 | 17774 | X | |||||
| Donald Moscato | |||||||||
| Professor | 40.0 | 170139 | 19203 | X | |||||
| Dimitris Halaris | |||||||||
| Assoc. Vice Provost for IT | 40.0 | 168817 | 2241 | X | 0 | ||||
| Warren Rosenberg | |||||||||
| Provost and VP for Academics | 109604 | 13498 | X | ||||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 2734554 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 279604 | TotalOtherCompensation |
| Number Individuals GT100 K | 80 | NumberIndividualsGT100K |
| Formers Listed | true | FormersListed |
| Total Comp GT150 K | true | TotalCompGT150K |
| Compensation From Other Sources | false | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (5 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| DARLIND CONSTRUCTION | |||||
| 1540 ROUTE 55 PO BOX 130 | LAGRANGEVILLE | NY | 12540 | construction | 3447842 |
| CHARTWELLS DINING SERVICES | |||||
| 175 SUNNYSIDE BOULEVARD | CHICAGO | IL | 60612 | food service | 2721801 |
| TARTER KRINSKY DROGIN LLP | |||||
| 1350 BROADWAY | NEW YORK | NY | 10018 | LEGAL | 835122 |
| Platzner International Group Ltd | |||||
| PO Box 111 Wykagyl Station | NEW ROCHELLE | NY | 10804 | Rental Services | 766595 |
| HENNESSEY CONSTRUCTION CO INC | |||||
| 14 OAK STREET | CLOSTER | NJ | 07624 | construction | 687585 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 18 | NumberOfContractorsGT100K |
| Fundraising Events | 932663 | FundraisingEvents |
| Government Grants | 1490814 | GovernmentGrants |
| All Other Contributions | 4626075 | AllOtherContributions |
| Noncash Contributions | 293675 | NoncashContributions |
| Total Contributions | 7049552 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (5 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome | ExclusionExclusionAmount |
|---|---|---|---|---|
| TUITION AND FEES | 611710 | 110161285 | 110161285 | |
| ROOM AND BOARD (& OTHER STUDENT CHARGES) | 611710 | 16614608 | 16614608 | |
| CAFETERIA | 611710 | 827301 | $827,301 | |
| BOOKSTORE | 611710 | 110146 | $110,146 | |
| VENDING COMMISSIONS | 611710 | 61002 | $61,002 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 127774342 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 1126455 | TotalRevenueColumn |
| Unrelated Business Revenue | -80 | UnrelatedBusinessRevenue |
| Exclusion | $1,126,535 | ExclusionAmount |
Income From Invest Bond Proceeds IncomeFromInvestBondProceeds
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Royalties Revenue RoyaltiesRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 72000 | TotalRevenueColumn |
| Exclusion | $72,000 | ExclusionAmount |
Gross Rents GrossRents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 433101 | Real |
Rental Income Or Loss RentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 433101 | Real |
| Personal | 0 | Personal |
Net Rental Income Or Loss NetRentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 433101 | TotalRevenueColumn |
| Exclusion | $433,101 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | -186411 | Other |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | -186411 | Other |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -78951 | TotalRevenueColumn |
| Exclusion | -$78,951 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Income Fundraising Events | 299352 | GrossIncomeFundraisingEvents |
| Cntrbtns Rprtd Fundraising Events | 932663 | CntrbtnsRprtdFundraisingEvents |
| Fundraising Direct Expenses | 485763 | FundraisingDirectExpenses |
Net Income From Fundraising Events NetIncomeFromFundraisingEvents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -186411 | TotalRevenueColumn |
| Exclusion | -$186,411 | ExclusionAmount |
Net Income From Gaming NetIncomeFromGaming
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Net Income Or Loss NetIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Other Revenue Misc OtherRevenueMisc (3 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome | Unrelated Business RevenueUnrelatedBusinessRevenue |
|---|---|---|---|---|
| NCAA DISTRIBUTION | 611710 | 364598 | 364598 | |
| SPORTS CAMPS | 713940 | 358569 | 358569 | |
| AQUATICS CLUB | 713940 | 219691 | 219691 |
Miscellaneous Revenue MiscellaneousRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 862262 | TotalRevenueColumn |
| Related Or Exempt Function Income | 831012 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 16960 | UnrelatedBusinessRevenue |
| Exclusion | $14,290 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 1805120 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 137995208 | TotalRevenueColumn |
| Related Or Exempt Function Income | 128191194 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 375449 | UnrelatedBusinessRevenue |
| Exclusion | $2,379,013 | ExclusionAmount |
Grants To Domestic Orgs GrantsToDomesticOrgs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 38195495 | Total |
| Program Services | 38195495 | ProgramServices |
Foreign Grants ForeignGrants
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Benefits To Members BenefitsToMembers
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2018473 | Total |
| Program Services | 214979 | ProgramServices |
| Management And General | 1542574 | ManagementAndGeneral |
| Fundraising | 260920 | Fundraising |
Comp Disqual Persons CompDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 41885838 | Total |
| Program Services | 35349332 | ProgramServices |
| Management And General | 5233028 | ManagementAndGeneral |
| Fundraising | 1303478 | Fundraising |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2630559 | Total |
| Program Services | 2130862 | ProgramServices |
| Management And General | 405965 | ManagementAndGeneral |
| Fundraising | 93732 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 7745944 | Total |
| Program Services | 6274536 | ProgramServices |
| Management And General | 1195405 | ManagementAndGeneral |
| Fundraising | 276003 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3173002 | Total |
| Program Services | 2570263 | ProgramServices |
| Management And General | 489679 | ManagementAndGeneral |
| Fundraising | 113060 | Fundraising |
Fees For Services Management FeesForServicesManagement
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 831788 | Total |
| Management And General | 831788 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 213590 | Total |
| Management And General | 213590 | ManagementAndGeneral |
Fees For Services Lobbying FeesForServicesLobbying
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2500 | Total |
| Management And General | 2500 | ManagementAndGeneral |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 116888 | Total |
| Management And General | 116888 | ManagementAndGeneral |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 5019878 | Total |
| Program Services | 2437155 | ProgramServices |
| Management And General | 2494374 | ManagementAndGeneral |
| Fundraising | 88349 | Fundraising |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2518435 | Total |
| Program Services | 422286 | ProgramServices |
| Management And General | 2056149 | ManagementAndGeneral |
| Fundraising | 40000 | Fundraising |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 799716 | Total |
| Program Services | 555939 | ProgramServices |
| Management And General | 199985 | ManagementAndGeneral |
| Fundraising | 43792 | Fundraising |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1544061 | Total |
| Program Services | 166630 | ProgramServices |
| Management And General | 1366177 | ManagementAndGeneral |
| Fundraising | 11254 | Fundraising |
Royalties Royalties
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 8246016 | Total |
| Program Services | 6966982 | ProgramServices |
| Management And General | 1228548 | ManagementAndGeneral |
| Fundraising | 50486 | Fundraising |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2103453 | Total |
| Program Services | 1850285 | ProgramServices |
| Management And General | 185015 | ManagementAndGeneral |
| Fundraising | 68153 | Fundraising |
Travel Entrtnmnt Public Officials TravelEntrtnmntPublicOfficials
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 95361 | Total |
| Program Services | 85375 | ProgramServices |
| Management And General | 3944 | ManagementAndGeneral |
| Fundraising | 6042 | Fundraising |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1163422 | Total |
| Program Services | 1111437 | ProgramServices |
| Management And General | 51985 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Payments To Affiliates PaymentsToAffiliates
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 5503548 | Total |
| Program Services | 5142216 | ProgramServices |
| Management And General | 328871 | ManagementAndGeneral |
| Fundraising | 32461 | Fundraising |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1090902 | Total |
| Program Services | 1025971 | ProgramServices |
| Management And General | 64931 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral | FundraisingFundraising |
|---|---|---|---|---|
| FOOD SERVICE | 5018312 | 4946949 | 56210 | 15153 |
| OTHER ATHLETIC | 930494 | 868991 | 0 | 61503 |
| STUDENT ACTIVITIES | 691958 | 691958 | 0 | 0 |
| PROFESSIONAL DUES AND TRAINING | 360559 | 221598 | 128097 | 10864 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1300017 | Total |
| Program Services | 730037 | ProgramServices |
| Management And General | 561679 | ManagementAndGeneral |
| Fundraising | 8301 | Fundraising |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 133200209 | Total |
| Program Services | 111959276 | ProgramServices |
| Management And General | 18757382 | ManagementAndGeneral |
| Fundraising | 2483551 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 8700 | BOY |
| EOY | 8700 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 10610506 | BOY |
| EOY | 10164623 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2460667 | BOY |
| EOY | 2330468 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 364483 | BOY |
| EOY | 446352 | EOY |
Receivables From Officers Etc ReceivablesFromOfficersEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Receivables From Disqual Persons ReceivablesFromDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1696764 | BOY |
| EOY | 1767963 | EOY |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1918830 | BOY |
| EOY | 1040173 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 197543860 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 90137394 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 103047297 | BOY |
| EOY | 107406466 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 135729 | BOY |
| EOY | 195570 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 62866662 | BOY |
| EOY | 73545562 | EOY |
Investments Program Related InvestmentsProgramRelated
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Intangible Assets IntangibleAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4592761 | BOY |
| EOY | 4919320 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 187702399 | BOY |
| EOY | 201825197 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 8052268 | BOY |
| EOY | 6915531 | EOY |
Grants Payable GrantsPayable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4205832 | BOY |
| EOY | 4039266 | EOY |
Tax Exempt Bond Liabilities TaxExemptBondLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 25243044 | BOY |
| EOY | 31224486 | EOY |
Escrow Account Liability EscrowAccountLiability
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Loans From Officers Directors LoansFromOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 14310952 | BOY |
| EOY | 14410031 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 51812096 | BOY |
| EOY | 56589314 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 110531417 | BOY |
| EOY | 120623379 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 9445599 | BOY |
| EOY | 8131580 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 15913287 | BOY |
| EOY | 16480924 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 135890303 | BOY |
| EOY | 145235883 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 187702399 | BOY |
| EOY | 201825197 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 4794999 | ReconcilationRevenueExpenses |
| Reconciliation Unrealized Invest | 5603694 | ReconciliationUnrealizedInvest |
| Reconcilation Other Changes | -1053113 | ReconcilationOtherChanges |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | false | AccountantCompileOrReview |
| FS Audited | true | FSAudited |
FS Audited Basis FSAuditedBasis
| Field | Value | IRS element (for citing) |
|---|---|---|
| Financial Statement Separate | X | FinancialStatementSeparate |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | true | AuditCommittee |
| Federal Grant Audit Required | true | FederalGrantAuditRequired |
| Federal Grant Audit Performed | true | FederalGrantAuditPerformed |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School170b1 Aii | X | School170b1Aii |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule C IRS990ScheduleC
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grassroots Lobbying | TotalGrassrootsLobbying | |
| Total Direct Lobbying | TotalDirectLobbying | |
| Total Lobbying Expenditures | TotalLobbyingExpenditures | |
| Other Exempt Purpose Expenditures | OtherExemptPurposeExpenditures | |
| Total Exempt Purpose Expenditures | TotalExemptPurposeExpenditures | |
| Lobbying Nontaxable | LobbyingNontaxableAmount | |
| Grassroots Nontaxable | GrassrootsNontaxableAmount | |
| Tot Lobbying Grassroot Minus Non Tx | TotLobbyingGrassrootMinusNonTx | |
| Tot Lobby Expend Mns Lobbying Nontx | TotLobbyExpendMnsLobbyingNontx | |
| Volunteers | false | Volunteers |
| Paid Staff Or Management | false | PaidStaffOrManagement |
| Media Advertisements | false | MediaAdvertisements |
| Mailings Members | false | MailingsMembers |
| Publications Or Broadcast | false | PublicationsOrBroadcast |
| Grants Other Organizations | false | GrantsOtherOrganizations |
| Direct Contact Legislators | false | DirectContactLegislators |
| Rallies Demonstrations | false | RalliesDemonstrations |
| Other Activities | true | OtherActivities |
| Other Activities | $2,500 | OtherActivitiesAmount |
| Total Lobbying Expenditures IIB | 2500 | TotalLobbyingExpendituresIIB |
| Not Described In501c3 | false | NotDescribedIn501c3 |
| Form4720 Filed4912 Tax | false | Form4720Filed4912Tax |
Form990 Schedule C Part IV Form990ScheduleCPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | SCHEDULE C, PART II-B | Identifier |
| Explanation | The College does not ordinarily undertake any direct lobbying activities. In fiscal 2013, the College paid a $2,500 retainer to a lobbying consultant. In the interests of full disclosure, the College notes that it is a MEMBER IN VARIOUS ORGANIZATIONS (e.g. Nacubo) THAT PROMOTE THE NEEDS OF HIGHER EDUCATION AS WELL AS PROVIDE INFORMATION TO THE INDUSTRY. A portion of the dues paid to these organizations is deemed to be lobbying. The College is unable to identify that portion of its annual dues that constitutes lobbying and, accordingly, has not disclosed an amount in Schedule C. | Explanation |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Art Public Exhibition Amts | ArtPublicExhibitionAmts | |
| Held Works Of Art Amts | HeldWorksOfArtAmts | |
| Collect Used For Public Exhibition | X | CollectUsedForPublicExhibition |
| Collect Used For Loan Or Exch Prgrms | X | CollectUsedForLoanOrExchPrgrms |
Collection Used For Other CollectionUsedForOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Collection Used For Other Purposes | X | CollectionUsedForOtherPurposes |
| Description Of Other Purposes | Educational instruction | DescriptionOfOtherPurposes |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Solicited Assets For Sale | false | SolicitedAssetsForSale |
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 52537133 | BeginningOfYearBalance |
| Contributions | 12304637 | Contributions |
| Investment Earnings Or Losses | 6593610 | InvestmentEarningsOrLosses |
| Administrative Expenses | 116888 | AdministrativeExpenses |
| End Of Year Balance | 71318492 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 49595621 | BeginningOfYearBalance |
| Contributions | 3486079 | Contributions |
| Investment Earnings Or Losses | -52398 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 381205 | GrantsOrScholarships |
| Other Expenditures | 0 | OtherExpenditures |
| Administrative Expenses | 110964 | AdministrativeExpenses |
| End Of Year Balance | 52537133 | EndOfYearBalance |
Current Year Minus2 Years CurrentYearMinus2Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 39115043 | BeginningOfYearBalance |
| Contributions | 3312012 | Contributions |
| Investment Earnings Or Losses | 7427259 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 154660 | GrantsOrScholarships |
| Other Expenditures | 0 | OtherExpenditures |
| Administrative Expenses | 104033 | AdministrativeExpenses |
| End Of Year Balance | 49595621 | EndOfYearBalance |
Current Year Minus3 Years CurrentYearMinus3Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 30181581 | BeginningOfYearBalance |
| Contributions | 6600330 | Contributions |
| Investment Earnings Or Losses | 2630489 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 102200 | GrantsOrScholarships |
| Other Expenditures | 119286 | OtherExpenditures |
| Administrative Expenses | 75871 | AdministrativeExpenses |
| End Of Year Balance | 39115043 | EndOfYearBalance |
Current Year Minus4 Years CurrentYearMinus4Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 29647626 | BeginningOfYearBalance |
| Contributions | 5469739 | Contributions |
| Investment Earnings Or Losses | -3594294 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 170920 | GrantsOrScholarships |
| Other Expenditures | 1114172 | OtherExpenditures |
| Administrative Expenses | 56398 | AdministrativeExpenses |
| End Of Year Balance | 30181581 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated EOY Balance | 0.69940 | BoardDesignatedEOYBalance |
| Permanent Endowment EOY Balance | 0.23110 | PermanentEndowmentEOYBalance |
| Term Endowment EOY Balance | 0.06950 | TermEndowmentEOYBalance |
| Endowments Held By Unrelated Orgs | false | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | false | EndowmentsHeldByRelatedOrgs |
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 2731612 | OtherCostOrOtherBasis |
| Book Value | 2731612 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 142685102 | OtherCostOrOtherBasis |
| Depreciation | 54400276 | Depreciation |
| Book Value | 88284826 | BookValue |
Leasehold Improvements LeaseholdImprovements
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 19865952 | OtherCostOrOtherBasis |
| Depreciation | 7266158 | Depreciation |
| Book Value | 12599794 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 32150342 | OtherCostOrOtherBasis |
| Depreciation | 28470960 | Depreciation |
| Book Value | 3679382 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 110852 | OtherCostOrOtherBasis |
| Book Value | 110852 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 107406466 | TotalOfBookValueLandBuildings |
| Financial Derivatives | FinancialDerivatives | |
| Closely Held Equity Interests | CloselyHeldEquityInterests |
Other Securities OtherSecurities (6 entries)
| DescriptionDescription | Book ValueBookValue | Method Of ValuationMethodOfValuation |
|---|---|---|
| MULTI-STRATEGY BOND FUND | 19705941 | F |
| MULTI-STRATEGY EQUITY FUND | 37574078 | F |
| GOVERNMENT SECURITIES FUND | 12734046 | F |
| COMMODITIES FUND | 3187032 | F |
| CASH VALUE OF LIFE INSURANCE | 24457 | F |
| LIMITED PARTNERSHIPS | 320008 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Securities | 73545562 | TotalOfBookValueSecurities |
| Federal Income Tax Liability | 0 | FederalIncomeTaxLiability |
Other Liabilities OtherLiabilities (2 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| REFUNDABLE ADVANCES FROM U.S. | $2,259,031 |
| ACCRUED POSTRETIREMENT BENEFIT | $12,151,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 14410031 | TotalOfAmounts |
| Footnote In Part XIII | X | FootnoteInPartXIII |
| Tot Revenue Etc Audited Fincl Stmt | 104720169 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | 5603694 | NetUnrealizedGainsInvestments |
| Other Revenues | -39247608 | OtherRevenues |
| Revenue Not Rptd F990 | -33643914 | RevenueNotRptdF990 |
| Revenue Subtotal | 138364083 | RevenueSubtotal |
| Investment Expenses Not Included | 116888 | InvestmentExpensesNotIncluded |
| Other Revenues Not Included | -485763 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | -368875 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 137995208 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 95374589 | TotExpensesEtcAuditedFinclStmt |
| Other Expenses Included | 485763 | OtherExpensesIncluded |
| Expenses Not Rptd F990 | 485763 | ExpensesNotRptdF990 |
| Expenses Subtotal | 94888826 | ExpensesSubtotal |
| Investment Expenses Not Included2 | 116888 | InvestmentExpensesNotIncluded2 |
| Other Expenses Not Included | 38194495 | OtherExpensesNotIncluded |
| Expenses Not Rptd On Fin Stmt | 38311383 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 133200209 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIII Form990ScheduleDPartXIII (5 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| ENDOWMENT FUNDS | FORM 990, SCHEDULE D, PART V | The College's endowment fund is intended to support its educational mission. Permanent Endowment funds and Quasi Endowment funds will fund student scholarships, faculty support, facility enhancements and other strategic initiatives. The College intends on keeping the endowment principal untouched, while using its earnings to satisfy the above-mentioned objectives. |
| Form 990, Schedule D, Part X, Line 2 | Iona College is a tax-exempt organization as described in Section 501(c)(3) of the Internal Revenue Code (the Code), and is generally exempt from federal income taxes on related income pursuant to Section 501(a) of the Code. The College has processes presently in place to ensure the maintenance of its tax-exempt status. The College recognizes the effect of uncertain tax provisions only if those positions are more likely than not of being sustained. Management has determined that the College has no uncertain tax positions that would require financial statement recognition or disclosure. The tax years ended 2010, 2011, and 2012 are still open to audit for both federal and state purposes. The College is, however, subject to federal and state income tax on unrelated business income. | |
| reconcilation of revenue | Form 990, Schedule D, Part XI | Line 2d: Scholarships $38,194,495 Postretirement Benefits $ (216,000) Loss on Debt Refinancing $ 1,269,000 ------------ $39,247,608 ============ Line 4b: Special Events Expenses Reclassed to offset Special Events Revenue $485,763 ============ |
| reconciliation of expenses | Form 990, Schedule D, Part XII | Line 2d: Special Events Expenses Reclassed to Offset Special Event Revenue on Part VIII $485,763 ========= Line 4b: Scholarships $38,194,495 ============ |
| Schedule D, part III | Iona College operates a public gallery near its campus that is open to both students and to the general public, free of charge. The College does not own any of the artwork exhibited in this gallery but receives these pieces for public exhibition. The gallery is intended as a vehicle to increase public appreciation of art and to enhance the student educational experience. |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | true | NondiscriminatoryPolicyStmt |
| Policy Statement In Brochures Etc | true | PolicyStatementInBrochuresEtc |
| Policy Publ Via Broadcast Media | true | PolicyPublViaBroadcastMedia |
| Maint Racial Composition Records | true | MaintRacialCompositionRecords |
| Maint Scholarships Records | true | MaintScholarshipsRecords |
| Maint Copies Of Brochures Etc | true | MaintCopiesOfBrochuresEtc |
| Maint Copies Of All Solicitations | true | MaintCopiesOfAllSolicitations |
| Discriminate Race Students Rights | false | DiscriminateRaceStudentsRights |
| Discriminate Race Admiss Policies | false | DiscriminateRaceAdmissPolicies |
| Discriminate Race Emplmn Faculty | false | DiscriminateRaceEmplmnFaculty |
| Discriminate Race Scholarships | false | DiscriminateRaceScholarships |
| Discriminate Race Educ Policies | false | DiscriminateRaceEducPolicies |
| Discriminate Race Use Of Fclts | false | DiscriminateRaceUseOfFclts |
| Discriminate Race Athletic Prog | false | DiscriminateRaceAthleticProg |
| Discriminate Race Other Acty | false | DiscriminateRaceOtherActy |
| Government Financial Aid Received | true | GovernmentFinancialAidReceived |
| Government Financial Aid Revoked | false | GovernmentFinancialAidRevoked |
| Compliance With Rev Proc7550 | true | ComplianceWithRevProc7550 |
Form990 Schedule E Part II Form990ScheduleEPartII (3 entries)
| IdentifierIdentifier | ExplanationExplanation |
|---|---|
| Form 990, Schedule E, Line 3 | The organization publishes its racially nondiscriminatory policy on the web at www.iona.edu/ombuds. The college also publishes its nondiscriminatory policy in student handbooks. |
| Form 990, Schedule E, Line 4b | Ethnic background is an optional question on the admissions application. If students provide the information it is entered into peoplesoft. This data is also kept on employees where provided. Admissions decision letters are maintained in student files and are kept in SFS. The college communications department maintains blueprints on file of any admissions brochures and outsources, and the duplications department maintains copies of any brochure, poster, etc. that has been created internally. |
| Form 990, Schedule E, Line 6A | The College receives both federal and state funding for student loans. The college administers the new york state tuition assistance program (TAP) and the pell grants program, a federally funded title iv program. |
Schedule G IRS990ScheduleG
Events Information EventsInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Event1 | WINGED FOOT | NameOfEvent1 |
| Gross Receipts Event1 | 255770 | GrossReceiptsEvent1 |
| Charitable Contributions Event1 | 155770 | CharitableContributionsEvent1 |
| Gross Revenue Event1 | 100000 | GrossRevenueEvent1 |
| Rent Facility Costs Event1 | 93241 | RentFacilityCostsEvent1 |
| Other Direct Expenses Event1 | 28962 | OtherDirectExpensesEvent1 |
| Name Of Event2 | DINNER DANCE | NameOfEvent2 |
| Gross Receipts Event2 | 875900 | GrossReceiptsEvent2 |
| Charitable Contributions Event2 | 725900 | CharitableContributionsEvent2 |
| Gross Revenue Event2 | 150000 | GrossRevenueEvent2 |
| Rent Facility Costs Event2 | 240948 | RentFacilityCostsEvent2 |
| Entertainment Event2 | 10000 | EntertainmentEvent2 |
| Other Direct Expenses Event2 | 63260 | OtherDirectExpensesEvent2 |
| Total Number Of Other Events | 1 | TotalNumberOfOtherEvents |
| Gross Receipts Other Events | 100345 | GrossReceiptsOtherEvents |
| Charitable Contrib Other Events | 50993 | CharitableContribOtherEvents |
| Gross Revenue Other Events | 49352 | GrossRevenueOtherEvents |
| Rent Facility Costs Other Events | 21937 | RentFacilityCostsOtherEvents |
| Other Direct Expenses Other Events | 27415 | OtherDirectExpensesOtherEvents |
| Gross Receipts Total | 1232015 | GrossReceiptsTotal |
| Charitable Contributions Total | 932663 | CharitableContributionsTotal |
| Gross Revenue Total Events | 299352 | GrossRevenueTotalEvents |
| Rent Facility Costs Total Events | 356126 | RentFacilityCostsTotalEvents |
| Entertainment Total Events | 10000 | EntertainmentTotalEvents |
| Other Direct Expenses Total Events | 119637 | OtherDirectExpensesTotalEvents |
| Direct Expense Summary Events | 485763 | DirectExpenseSummaryEvents |
| Net Income Summary | -186411 | NetIncomeSummary |
Form990 Schedule G Part IV Form990ScheduleGPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Schedule G, Part II, Line 6 | Identifier |
| Explanation | All food and beverages costs associated with the Winged Foot, Dinner Dance and Winter Auction events are reported in the facility costs on Line 6 of Schedule G, Part II. | Explanation |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | true | RecordsMaintained |
Form990 Schedule I Part III Form990ScheduleIPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Type Of Grant | SCHOLARSHIPS | TypeOfGrant |
| Number Of Recipients | 3159 | NumberOfRecipients |
| Amount Of Cash Grant | 38195495 | AmountOfCashGrant |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Description of Grants and Assistance | Identifier |
| Return Reference | FORM 990, SCHEDULE I, PART 1, LINE 2 | ReturnReference |
| Explanation | Iona College gives aid to students in two forms. Merit aid and need based aid. The amount of merit aid a student receives is based on a calculated academic index that is derived from their GPA and SAT scores. Need based aid is determined from the student EFC. Students are given these awards upon acceptance to the College and the awards are renewed on an annual basis assuming the student meets the required cumulative GPA and their need as determined by the FAFSA has not changed. All scholarships issued by the College are intended to be used to defray tuition costs and enable students to matriculate at Iona College; the student has no discretion on how to expend those funds. Accordingly, the College does not formally monitor the use of the scholarship funds since it is required that such funds be used to offset tuition costs. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Idemnification Gross Up Payments | X | IdemnificationGrossUpPayments |
| Housing Allowance Or Residence | X | HousingAllowanceOrResidence |
| Club Dues Or Fees | X | ClubDuesOrFees |
| Personal Services | X | PersonalServices |
| Written Policy Re T And E Expenses | true | WrittenPolicyReTAndEExpenses |
| Substantiation Required | true | SubstantiationRequired |
| Compensation Committee | X | CompensationCommittee |
| Independent Consultant | X | IndependentConsultant |
| Form990 Of Other Organizations | X | Form990OfOtherOrganizations |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | true | SeverancePayment |
| Supplemental Nonqual Retire Plan | false | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | false | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | false | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | false | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | false | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | false | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | false | AnyNonFixedPayments |
| Initial Contract Exception | false | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII (12 entries)
| TitleTitle | Base Compensation Filing OrgBaseCompensationFilingOrg | Bonus Filing OrgBonusFilingOrg | Other Compensation Filing OrgOtherCompensationFilingOrg | Deferred Comp Filing OrgDeferredCompFilingOrg | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Total Compensation Filing OrgTotalCompensationFilingOrg | Comp Based On Related OrgsCompBasedOnRelatedOrgs | Bonus Related OrgsBonusRelatedOrgs | Other Compensation Related OrgsOtherCompensationRelatedOrgs | Deferred Comp Related OrgsDeferredCompRelatedOrgs | Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs | Total Compensation Related OrgsTotalCompensationRelatedOrgs |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dr Joseph Nyre | ||||||||||||
| President, Iona College | 422675 | 41500 | 3488 | 12500 | 78987 | 559150 | ||||||
| Warren Rosenberg | ||||||||||||
| Provost and VP for Academics | 109074 | 530 | 11143 | 2355 | 123102 | |||||||
| Jonathan Ivec | ||||||||||||
| SVP for Finance & Admin | 262137 | 2040 | 12500 | 7209 | 283886 | |||||||
| Vincent Calluzzo | ||||||||||||
| Dean, Hagan School of Business | 205174 | 2470 | 19802 | 3134 | 230580 | |||||||
| Paul Sutera | ||||||||||||
| SVP-Advancement & External | 206988 | 130 | 10693 | 10197 | 228008 | |||||||
| Brian Nickerson | ||||||||||||
| PROVOST/SVP, Academics | 222388 | 414 | 11134 | 11369 | 245305 | |||||||
| Joanne Laughlin Steele | ||||||||||||
| Provost for IT | 170019 | 307 | 17473 | 4709 | 192508 | |||||||
| Timothy Cluess | ||||||||||||
| Men's Basketball Coach | 318341 | 20000 | 888 | 11528 | 1660 | 352417 | ||||||
| Kurt Engemann | ||||||||||||
| Professor | 185182 | 1639 | 13993 | 200814 | ||||||||
| Ronald Yager | ||||||||||||
| Professor | 217799 | 2415 | 12640 | 5134 | 237988 | |||||||
| Donald Moscato | ||||||||||||
| Professor | 166946 | 3193 | 13569 | 5634 | 189342 | |||||||
| Dimitris Halaris | ||||||||||||
| Assoc. Vice Provost for IT | 168693 | 0 | 124 | 0 | 0 | 168817 | 0 | 0 | 0 | 0 | 0 | 0 |
Form990 Schedule J Part III Form990ScheduleJPartIII (2 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| COMPENSATION INFORMATION | FORM 990, SCHEDULE J | LINE 1A: The Current President is provided housing in close proximity to the campus; the value of that housing is not included in taxable income as the President's presence on the campus is required as a condition of employment. The College, likewise, pays social club dues for the President. To the extent that the President uses the social club for business purposes, the value of the club dues is reported in the nontaxable benefits column on Schedule J. The College makes available to various College personnel and guests a driver for College-related activities. Occasionally, the President will make use of these driver services for college-related events only. Finally, several individuals reported on Part VII and Schedule J of the Form 990 received one-time gross-up payments in fiscal 2012. These amounts are reported in Schedule J, part II, Column (b)(iii) and represent payments made in connection with the College's Defined contribution retirement plan. LINE 1B: Any expenses incurred by the President with respect to his housing allowance and/or his social club dues are submitted for direct payment to the Finance office via a check request. THE CHECK REQUEST NEEDS THE APPROVAL OF THE APPROPRIATE PERSON (SVP FINANCE AND ADMINISTRATION IN THIS CASE) BEFORE BEING SUBMITTED TO ACCOUNTS PAYABLE FOR PROCESSING. THE DRIVER IN THIS CASE IS AN IONA COLLEGE EMPLOYEE AND THE STIPEND HE RECEIVES FOR DRIVING IS INCLUDED IN HIS PAYCHECK AND APPROVED BY THE DIRECTOR OF HUMAN RESOURCES. Form 990 Schedule J, Column D Included within the President's non-taxable benefits is the value of employer provided housing on Iona's campus. To determine the value of the lodging, Iona utilized comparable rentals in the surrounding community |
| Form 990 Schedule J, Line 4a | Jonathan Ivec, Senior Vice President for Finance and Administration, received a severance payment in May of 2013. Since the Form 990 requires compensation to be reported on a calendar year basis, Mr. Ivec's severance payment will not be reported on this Form 990, but will be disclosed on the succeeding year's Form 990. |
Schedule K IRS990ScheduleK
Form990 Schedule K Part I Form990ScheduleKPartI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
Issuer Name IssuerName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Dormitory Authority of the State of New York | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Issuer EIN | 146000293 | IssuerEIN |
| CUSIP Number | 649906P65 | CUSIPNumber |
| Date Issued | 2012-08-01 | DateIssued |
| Issue Price | 31366862 | IssuePrice |
| Description Of Purpose | Refunding 2002 Bond/Construction o | DescriptionOfPurpose |
| Defeased | false | Defeased |
| On Behalf Of Issuer | false | OnBehalfOfIssuer |
| Pool Financing | false | PoolFinancing |
Form990 Schedule K Part II Form990ScheduleKPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Amount Retired | 142376 | AmountRetired |
| Amount Bond Defeased | 0 | AmountBondDefeased |
| Total Proceeds | 31366862 | TotalProceeds |
| Amount In Reserve Fund | 2023887 | AmountInReserveFund |
| Capitalized Interest | 0 | CapitalizedInterest |
| Refunding Escrow | 0 | RefundingEscrow |
| Issuance Costs From Proceeds | 507061 | IssuanceCostsFromProceeds |
| Credit Enhancement | 0 | CreditEnhancement |
| Working Capital Expenditures | 0 | WorkingCapitalExpenditures |
| Capital Expenditures | 0 | CapitalExpenditures |
| Other Spent Proceeds | 25291862 | OtherSpentProceeds |
| Amount Unspent | 6075000 | AmountUnspent |
| Current Refunding | true | CurrentRefunding |
| Advance Refunding | false | AdvanceRefunding |
| Final Allocation Made | false | FinalAllocationMade |
| Adequate Books And Recds Maintaind | true | AdequateBooksAndRecdsMaintaind |
Form990 Schedule K Part III Form990ScheduleKPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Owning Bond Financed Property | false | OwningBondFinancedProperty |
| Any Lease Arrangements | false | AnyLeaseArrangements |
| Mngment Cntrct Bond Financd Prprty | false | MngmentCntrctBondFinancdPrprty |
| Any Research Agreements | false | AnyResearchAgreements |
| Prcntge Prvt Business Use By Others | 0 | PrcntgePrvtBusinessUseByOthers |
| Change In Use Bond Financed Prop | false | ChangeInUseBondFinancedProp |
| Remedial Action Taken | false | RemedialActionTaken |
| Non Qualified Bond Remed Procdrs | false | NonQualifiedBondRemedProcdrs |
Form990 Schedule K Part IV Form990ScheduleKPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Form8038 T Filed | false | Form8038TFiled |
| Rebate Not Due Yet | true | RebateNotDueYet |
| Exception To Rebate | false | ExceptionToRebate |
| Variable Rate Issue | false | VariableRateIssue |
| Hedge Identified In Books And Recds | false | HedgeIdentifiedInBooksAndRecds |
Name Of Hedge Provider NameOfHedgeProvider
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | 0 | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Proceeds Invested In GIC | false | GrossProceedsInvestedInGIC |
Name Of GIC Provider NameOfGICProvider
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | 0 | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Proceeds Invested | false | GrossProceedsInvested |
| Written Proc To Monitor Reqs | false | WrittenProcToMonitorReqs |
Form990 Schedule K Part V Form990ScheduleKPartV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Proc To Undertk Corrective Action | false | ProcToUndertkCorrectiveAction |
Form990 Schedule K Part VI Form990ScheduleKPartVI (2 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| Form 990, Part III, Line 7 | 0 | At this time, the College has not undertaken the necessary calculations to determine whether or not it has met the private security or payment test. |
| Form 990, Part III, Line 9, Part IV, Line 7 & Part V | 0 | The College is in the process of implementing written procedures to monitor its bonds so that they are compliant with each of the requirements under the Internal Revenue Code. |
Schedule L IRS990ScheduleL
Form990 Schedule L Part IV Form990ScheduleLPartIV
Name Of Interested Person NameOfInterestedPerson
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | Robert LaPenta | NamePerson |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Relationship | Board of Trustees Member | Relationship |
| Amount Of Transaction | 172076 | AmountOfTransaction |
| Description Of Transaction | See Schedule L Narrative | DescriptionOfTransaction |
| Sharing Of Revenues | false | SharingOfRevenues |
Form990 Schedule L Part V Form990ScheduleLPartV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Form 990, Schedule L, Part IV | Identifier |
| Explanation | The College purchased LED lighting from a corporation that employs (as an officer) an Iona Board of Trustees member, Robert LaPenta. The College's total expenditures for the year ending June 30, 2013 was $172,076. | Explanation |
Schedule M IRS990ScheduleM
| Field | Value | IRS element (for citing) |
|---|---|---|
| Works Of Art | WorksOfArt | |
| Art Historical Treasures | ArtHistoricalTreasures | |
| Art Fractional Interest | ArtFractionalInterest | |
| Books And Publications | BooksAndPublications | |
| Clothing And Household Goods | ClothingAndHouseholdGoods | |
| Cars And Other Vehicles | CarsAndOtherVehicles | |
| Boats And Planes | BoatsAndPlanes | |
| Intellectual Property | IntellectualProperty |
Securities Publicly Traded SecuritiesPubliclyTraded
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 16 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 293675 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | FMV | MethodOfDeterminingRevenues |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities Closely Held Stock | SecuritiesCloselyHeldStock | |
| Securities Prtnrshp Trust Intrsts | SecuritiesPrtnrshpTrustIntrsts | |
| Securities Miscellaneous | SecuritiesMiscellaneous | |
| Qualified Contrib Hist Struct | QualifiedContribHistStruct | |
| Qualified Contrib Other | QualifiedContribOther | |
| Real Estate Residential | RealEstateResidential | |
| Real Estate Commercial | RealEstateCommercial | |
| Real Estate Other | RealEstateOther | |
| Collectibles | Collectibles | |
| Food Inventory | FoodInventory | |
| Drugs And Medical Supplies | DrugsAndMedicalSupplies | |
| Taxidermy | Taxidermy | |
| Historical Artifacts | HistoricalArtifacts | |
| Scientific Specimens | ScientificSpecimens | |
| Archaeological Artifacts | ArchaeologicalArtifacts | |
| Any Property That Must Be Held | false | AnyPropertyThatMustBeHeld |
| Review Process Unusual NC Gifts | true | ReviewProcessUnusualNCGifts |
| Third Parties Used | true | ThirdPartiesUsed |
Form990 Schedule M Part II Form990ScheduleMPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Schedule M, Question 32a | Identifier |
| Return Reference | FORM 990, SCHEDULE M | ReturnReference |
| Explanation | To the extent that Iona College receives any noncash contributions of marketable securities, the College's investment advisors are tasked with disposing of the securities. | Explanation |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (6 entries)
| IdentifierIdentifier | ExplanationExplanation |
|---|---|
| FORM 990, PART VI, LINE 11 | The Form 990 was prepared by a nationally renowned accounting firm in conjunction with the organization's financial department. A copy of the draft Form 990 was circulated to the full Board of Trustees for discussion and comment. Each Board Member was provided ample opportunity to comment on the information contained in the 990 prior to its electronic filing with the Internal Revenue Service. |
| FORM 990, PART VI, LINE 12 | Each trustee of the College is required to annually disclose any conflicts of interest that arise by virtue of their employment, board service, or position with the College. The College monitors compliance with its conflict of interest policy through an annual questionnaire/disclosure statement that is distributed to these individuals. Potential conflicts are investigated immediately. In an effort to comply with the requirements of increased transparency and disclosure required by the Form 990, The College is in the process of amending its Conflict of Interests Policy to broaden its applicability to officers, directors and key employees. Form 990, Part VI, Line 14 The College is in the process of amending its existing document retention policy and implementing a more comprehensive policy that is consistent with best governance practices. |
| FORM 990, PART VI, LINE 15 | The College undertakes a thorough process to ensure that the executive compensation it pays to its top management official and all of its officers and key employees is reasonable given the market in which the College operates. In relevant part, the Board of Directors has established a Compensation Committee of independent persons that have no personal interest in the proposed compensation agreement. |
| FORM 990, PART VI, LINE 19 | The taxpayer makes its Form 990 available to the public by retaining a copy at its place of business and is available upon request. 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. |
| Form 990, Part IV, Line 4 & Schedule C | Iona College does not undertake any direct lobbying activities; however, the College is a dues-paying member in various college and higher education professional associations. By virtue of its membership in these associations, the College may undertake some indirect lobbying activities as a portion of its membership dues may be used to fund higher education advocacy endeavors. The College has not received notification from the associations of its allocable share of non-deductible lobbying expenditures; accordingly the College has not disclosed any amounts on Schedule C. This disclosure in Schedule O is offered in the interests of full disclosure. |
| Form 990, Part XI, Line 9 | Adjustments to Net Assets or Fund Balances: Loss on Debt Refinancing (1,269,113) Postretirement Benefit Changes 216,000 ----------------------------------------------- Total Changes in Fund Balances (1,053,113) |