2012-05-08T10:37:12-04:00 2011-06-30 GRANT THORNTON LLP 666 THIRD AVENUE NEW YORK NY 100174011 990 2010-07-01 141442493 Marist College MARI 8455753000 3399 North Road Poughkeepsie NY 12601 JOHN PECCHIA 2012-05-08 Dan Romano 2125990100 2010 2016-02-24 21:20:13Z Dennis J Murray President 3399 North Road Poughkeepsie NY 12601 246002230 false X marist.edu X 1946 NY MARIST IS DEDICATED TO HELPING STUDENTS DEVELOP THE INTELLECT, CHARACTER AND SKILLS REQUIRED FOR ENLIGHTENED, ETHICAL, AND PRODUCTIVE LIVES IN THE GLOBAL COMMUNITY OF THE 21ST CENTURY. 29 27 3431 28 336940 -7347 35353386 9178866 169208986 177633208 4440684 6388412 2750066 2877267 211753122 196077753 35795621 38288159 0 77287175 81890419 22673 0 1908433 51508236 55977887 164613705 176156465 47139417 19921288 408948613 458016639 142821659 156504299 266126954 301512340 X MARIST College ("Marist") IS A COMPLEX COMPREHENSIVE INSTITUTION WITH ITS 153 ACRE MAIN CAMPUS IN THE HUDSON RIVER VALLEY OF NEW YORK, A BRANCH CAMPUS IN FLORENCE, ITALY, RAYMOND A. RICH INSTITUTE FOR LEADERSHIP DEVELOPMENT IN ESOPUS, NY, EXTENSION CENTERS THROUGHOUT NEW YORK, AND EDUCATIONAL OFFERINGS AROUND THE WORLD THROUGH ITS ONLINE PROGRAMS. MARIST IS DISTINGUISHED BY ITS HIGH QUALITY FACULTY, ITS INNOVATIVE PROGRAM OFFERINGS, ITS BEAUTIFUL CAMPUS, AND A TECHNOLOGICAL PLATFORM THAT IS COMPARABLE TO THE BEST RESEARCH UNIVERSITIES IN THE WORLD. MARIST WAS NAMED ONE OF "THE 371 BEST COLLEGES" IN AMERICA BY THE PRINCETON REVIEW, WHICH ALSO NAMED MARIST'S SCHOOL OF MANAGEMENT ONE OF "THE TOP 301 BUSINESS SCHOOLS." U.S. KIPLINGER'S PERSONAL FINANCE MAGAZINE NAMED MARIST ONE OF THE "50 BEST BUYS" IN PRIVATE COLLEGE EDUCATION IN THE U.S. MARIST WAS NAMED TO THE LIST BECAUSE IT OFFERS A COMPREHENSIVE EDUCATION AT BOTH THE UNDERGRADUATE AND GRADUATE LEVELS. CRITERIA FOCUSED ON TWO AREAS, A false false 133333029 38168159 142257800 Marist College is a highly selective, comprehensive liberal arts institution noted for its leadership in the use of technology in and out of the classroom. Marist is chartered by the State of New York and fully accredited by the Middle States Commission on Higher Education (MSCHE). Marist's student body is comprised of 5,189 undergraduate students and 951 graduate students with 43 bachelor's programs, 12 master's programs and 22 certificate programs. Founded in 1929, Marist's 210-acre campus overlooks the Hudson River in the heart of the historic Hudson Valley, midway between New York City and Albany, the state capital. What started as a school for the training of future Marist Brothers has developed into one of the most selective colleges in the nation. Marist is ecumenical in character and reflects the ideals of the Marist Brothers' founder, St. Marcellin Champagnat: commitment to excellence in education, the importance of community, and dedication to the principle of service. Marist is dedicated to the development of the whole person in a way that will prepare our graduates to lead enlightened, ethical, and productive lives in the global community of the 21st century. 27988432 0 35375408 Marist College provides a variety of auxiliary services to both its students and employees in support of its educational mission. As part of the student experience, Marist offers a variety of college housing to over 3,200 students in corridor, suite, apartment, and townhouse-style residences. The residential life program at Marist is based upon the philosophy of providing students with a safe, healthy, and attractive living environment that supports and supplements the educational mission of the College. Students are housed using a "rites of passage" philosophy, which recognizes that a student's development should be supported by his/her living environment. Another large auxiliary function includes food service through both a resident and retail dining program. The main resident dining operation provides food on a daily basis to over 1,500 participants. The campus's six retail cafes, catering to an additional 1,800 participants, offer a wide selection of hot and cold drinks, soups, salads, sandwiches, and snacks. The campus dining experience is focused on culinary expertise, fresh local and regional ingredients, healthy options, and a shared sense of environmental and social responsibility. Other campus auxiliary services include a bookstore, computer store, and a campus/community debit card account known as Marist Money. Throughout all of the College's auxiliary services, an emphasis is placed on promoting sustainable practices where applicable and include, but are not limited to, educating faculty, staff, and students about the impact of their actions on the environment; identifying, establishing, and publicizing sustainability principles; goals and best practices; providing a framework for guiding sustainable procedures, programs, and initiatives; and monitoring and reporting progress on campus sustainability initiatives. 161321461 true true false false false false false false true true false false false true true false true true true true false false false true false false true true true true false false false false false true false true false false true true false false true true true true false false true X 337 0 true 3431 true true true true SP IT false false false true true false false false false X 29 27 false false false false false false false true true false false true true true true true true true true false NY X JOHN PECCHIA CFO VP OF BA 8455753000 3399 NORTH ROAD POUGHKEEPSIE NY 12601 ROBERT R DYSON 1.0 X 0 0 0 ELLEN M HANCOCK 1.0 X 0 0 0 THOMAS J WARD 1.0 X 0 0 0 ROSS A MAURI 1.0 X 0 0 0 ELIZABETH M WOLF 1.0 X 0 0 0 JAMES A CANNAVINO 1.0 X 0 0 0 JAMES M BARNES 1.0 X 0 0 0 JAMES R BARNES 1.0 X 0 0 0 TIMOTHY G BRIER 1.0 X 0 0 0 H TODD BRINKERHOFF 1.0 X 0 0 0 BRENDAN T BURKE 1.0 X 0 0 0 GERARD E DAHOWSKI 1.0 X 0 0 0 MARK V DENNIS 1.0 X 0 0 0 MICHAEL C DUFFY 1.0 X 0 0 0 STEVEN EFFRON 1.0 X 0 0 0 MICHAEL G GARTLAND 1.0 X 0 0 0 DR STANLEY E HARRIS 1.0 X 0 0 0 DANIEL G HICKEY 1.0 X 0 0 0 JAMES P HONAN 1.0 X 0 0 0 MARY E JOYCE 1.0 X 0 0 0 BRO JAMES P KEARNEY 1.0 X 0 0 0 PATRICK M LAVELLE 1.0 X 0 0 0 CHRISTOPHER G MCCANN 1.0 X 0 0 0 GENINE MCCORMICK 1.0 X 0 0 0 JOHN P O'SHEA 1.0 X 0 0 0 PATRICE M CONNELLY PANTELLO 1.0 X 0 0 0 BRO SEAN SAMMON 1.0 X 0 0 0 TIM TENNEY 1.0 X 0 0 0 DR DENNIS J MURRAY 50.0 X X 568058 0 134893 DR ROY HMEROLLI 50.0 X 296568 0 30634 DR GEOFFREY L BRACKETT 50.0 X 148763 0 23935 JOHN PECCHIA 50.0 X 43803 0 4499 SEAN P KAYLOR 50.0 X 223220 0 42949 DR THOMAS WERMUTH 50.0 X 221210 0 31724 DEBORAH A DICAPRIO 50.0 X 193684 0 39526 WILLIAM T THIRSK 50.0 X 190706 0 27105 CHRISTOPHER M DELGIORNO 50.0 X 0 0 0 DR JOHN RITSCHDORFF 50.0 X 166396 0 31774 JOSE MARTIN 50.0 X 222945 0 33300 DR ROGER NORTON 50.0 X 200880 0 36022 DR ELMORE ALEXANDER 50.0 X 193258 0 28203 DR LEE MIRINGHOFF 50.0 X 205590 0 29286 DR BARBARA CARVALHO 50.0 X 176046 0 19082 3051127 0 512932 60 false true false SODEXO INC AND AFFILIATES FOOD SERVICE 6924031 RESIDENCE INN STUDENT HOUSING 1068661 ROBERT AM STERN ARCHITECTS ARCHITECTS 954640 JTR TRANSPORTATION TRANSPORTATION 506440 KIRCHHOFF CONSIGLI CONSTRUCTION 15269912 74 176286 3316890 5685690 504774 9178866 TUITION & FEES 611710 142257800 142257800 ROOM & BOARD 721310 35375408 35375408 177633208 2426914 2426914 448 448 0 53827550 14844 49425380 455964 4402170 -441120 3961050 3961050 86674 176286 43133 43541 43541 0 0 STUDENT CLUB ACTIVITIES 900099 1391119 1391119 ATHLETICS 611600 854119 854119 SUMMER CAMP ACTIVITIES 611600 336940 336940 251548 251548 2833726 196077753 177633208 336940 8928739 120000 120000 38168159 38168159 0 0 2279405 1899789 379616 0 56098773 51346186 3855824 896763 5785235 4885624 835501 64110 13355679 13081173 148724 125782 4371327 3734661 573669 62997 7539868 6507935 877056 154877 490807 38832 451975 215655 178860 36795 0 0 492425 492425 1784451 1435078 321812 27561 733522 649809 83713 4769983 4310332 358339 101312 5349396 4529645 819751 0 7858304 7493859 347260 17185 3202765 2873982 303869 24914 0 853576 761981 89398 2197 4236260 3566038 659021 11201 0 10149689 9829489 320200 1009009 854302 154707 INTERNATIONAL STUDIES 3628012 3628012 ATHLETICS 635110 631675 3435 HOSPITALITY 958845 625619 293308 39918 INSTUTIONAL ACCOMMODATIONS 728647 728647 STUDENT MAINTENANCE EXPENSES 134848 134848 1206715 1206715 176156465 161321461 12926571 1908433 7300646 15046284 40571375 33292791 8989231 5710303 5343712 6057785 75740 60467 6521607 6118119 375130 377377 2469260 2832199 359549044 128358052 213520216 231190992 108618244 138025621 10021968 10877734 5141484 8426967 408948613 458016639 16151520 18924732 7254638 6761416 92309992 92309992 64428 44582 27041081 38463577 142821659 156504299 X 216291915 239565400 25897338 37153116 23937701 24793824 266126954 301512340 408948613 458016639 X 19921288 15464098 X false true true X true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 39159130 777180 4921221 403075 44454456 29991135 7771725 1597729 451459 -250000 39159130 30178049 840568 -248421 481103 261958 36000 29991135 0.17000 0.83000 false false 0 7397205 7397205 212660135 62537672 150122463 72243735 22832000 49411735 50357659 40939888 9417771 16890310 2048492 14841818 231190992 0 ACCRUED POST-RETIREMENT BENEFITS 26069462 CAPITAL LEASE OBLIGATIONS 963026 ANNUITIES PAYABLE 579933 US GOV'T GRANTS REFUNDABLE 5495200 OTHER LIABILITIES 5355956 38463577 196077753 176156465 19921288 20163957 -258469 19905488 39826776 178073551 20163957 20163957 157909594 38168159 38168159 196077753 138053264 64958 64958 137988306 38168159 38168159 176156465 PART XII, LINE 4B SCHOLARSHIPS 38,168,159 PART XIII, LINE 4B SCHOLARSHIPS 38,168,159 PART XI LINE 8 FASB 158 ADJUSTMENT -1,417,773 CHANGE IN VALUE INTEREST RATE SWAP 1,224,261 MRPS DEPRECIATION -64,958 PART XIII, LINE 2D MRPS DEPRECIATION 64,958 FIN 48 Disclosure Part X, Line 2 Tax effects from an uncertain tax position are recognized in the consolidated financial statements only if the position is "more-likely-than-not" to be sustained if the position were to be challenged by a taxing authority. The assessment of the tax position is based solely on the technical merits of the position, without regard to the likelihood that the position might be challenged. The College is exempt from income tax under IRC Section 501(c)(3), though it is subject to tax on income unrelated to its exempt purposes, unless that income is otherwise excluded by the Code. The tax years ending June 30, 2008, 2009 and 2010 are still open to audit for both Federal and State purposes. true true true true true true true false false false false false false false false true false true SCHEDULE E, LINE 3 The college publicizes its racially nondiscriminatory policy on its WEBSITE, on the RADIO, AND in NEWSPAPER ADVERTISEMENTs to make the policy known to all parts of the general community it serves. SCHEDULE E, LINE 6A THE COLLEGE RECEIVES FINANCIAL AID AND OTHER GRANTS FROM FEDERAL AND STATE agencies. Europe (Including Iceland and Greenland) 2 5 Program Services Admin & Education 4081027 Central America and the Caribbean 0 0 Program Services Educational 70049 East Asia and the Pacific 0 0 Program Services Educational 650383 South America 0 0 Program Services Educational 102032 Sub-Saharan Africa 0 0 Program Services Educational 32565 Middle East and North Africa 0 0 Program Services Educational 29164 Central America and the Caribbean 0 0 Investments HEDGE FUNDS 10877734 2 5 2 5 15842954 15842954 false false false false false false VARIOUS TEAM 98944 84102 14842 14842 RED FOXES 128461 89592 38869 3300 9699 10405 5 35555 2592 32963 4887 262960 176286 86674 3300 9699 30134 43133 43541 true FAIRVIEW FIRE DISTRICT 258 VIOLET AVENUE POUGHKEEPSIE NY 12601 146000328 GOV 120000 COMMUNITY ASSISTANCE 1 0 INSTITUTIONAL SCHOLARSHIP 6168 38168159 ORGANIZATION'S PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS PART 1, LINE 2 THE GIFT TO FAIRVIEW FIRE DISTRICT IS GIVEN TO SUPPORT THE FIRE DEPARTMENT FOR ALL THE EMERGENCY SERVICES THEY PROVIDE FOR THE COLLEGE. X X X X X true true X X X X X false true false false false false false false false DR DENNIS J MURRAY 431050 0 100000 0 37008 0 99658 0 35235 0 702951 0 0 0 DR ROY HMEROLLI 254550 0 17500 0 24518 0 29138 0 1497 0 327203 0 0 0 DR GEOFFREY L BRACKETT 145000 0 0 0 3763 0 15000 0 8935 0 172698 0 0 0 SEAN P KAYLOR 208030 0 15000 0 190 0 25216 0 17733 0 266169 0 0 0 DR THOMAS WERMUTH 205301 0 15000 0 909 0 24885 0 6840 0 252935 0 0 0 DEBORAH A DICAPRIO 165401 0 15000 0 13283 0 21794 0 17733 0 233211 0 0 0 WILLIAM T THIRSK 170965 0 15000 0 4741 0 13357 0 13749 0 217812 0 0 0 DR JOHN RITSCHDORFF 161396 0 5000 0 0 0 18025 0 13749 0 198170 0 0 0 JOSE MARTIN 217473 0 0 0 5472 0 15567 0 17733 0 256245 0 0 0 DR ROGER NORTON 183380 0 17500 0 0 0 22273 0 13749 0 236902 0 0 0 DR ELMORE ALEXANDER 185501 0 3000 0 4757 0 13438 0 14765 0 221461 0 0 0 DR LEE MIRINGHOFF 193068 0 12000 0 522 0 15645 0 13641 0 234876 0 0 0 DR BARBARA CARVALHO 164046 0 12000 0 0 0 12242 0 6840 0 195128 0 0 0 SCHEDULE J, PART I, Line 1a Schedule J, Part I, Question 1a. - First Class or Charter Travel The general policy for all executives is that they fly coach. Exceptions may be made for health and/or extremely long flights. In such cases, executives are permitted to fly business class if available, but not first class. Schedule J, Part I, Question 1a. - Travel for Companions Companion travel is very limited and always includes a clear business purpose for the companion. Schedule J, Part I, Question 1a. - Housing Allowance or Residence for Personal Use The President of the College is provided off campus housing and the fair market value of the personal use of the President's residence was estimated to be $21,500 based on the property, property taxes, and maintenance expenses. Schedule J, Part I, Question 1a. - Health or Social Club Dues or Initiation Fees The College pays social club membership fees for four executives or key employees, which are intended to be used exclusively for the College's business entertainment or college sponsored events and to the extent there is any personal use of these privileges the individual executives or key employees are taxed on the value of the use. Schedule J, Part I, Question 1a. - Tax indemnification and gross-up payments The College provided $22,650 additional gross-up payment to fund the President's pension plan. Schedule J, Part I, Question 4b Supplemental nonqualified retirement plan The College has in place a Non-qualified Supplemental Executive Retirement Plan (SERP) for the President of the College, who by the age of 65 will have provided 33 years of service to the College, as its President. The design of the benefit is intended to provide the President with a combined target retirement income replacement ratio of 75% of this final three year average salary, incorporating additional elements of retirement funded by the College over the course of his tenure through the broad based defined contribution plan (which is subject to IRS imposed limits on recognized compensation) and the SERP is subject to a substantial risk of forfeiture through June 30, 2011. In light of changes to federal law over the course of his career it is our understanding from our legal counsel that the current benefit, which is scheduled to vest on June 30, 2011, will need to be distributed in 2011. However, as of December 31, 2010 it remained subject to a substantial risk of forfeiture and an asset of the College, administered through a program with an outside third-party administrator. The annual accruals for this benefit have been previously reported despite being subject to a substantial risk of forfeiture and contingent upon the President's continued employment as President of the College and the value of the accrual for calendar year 2010 is included in the Deferred Compensation column (Column C) of Schedule J, Part II and prior year accruals were included on prior year filings to the extent required. DUTCHESS COUNTY IDA 141613685 267041FD8 2003-03-07 37080000 REFUND 90 & 92 BONDS false false false DUTCHESS COUNTY IDA 141613685 267041FJ5 2005-03-23 20000000 STUDENT HOUSING FULTON false false false DUTCHESS COUNTY IDA 141613685 267041GN5 2008-01-25 20000000 STUDENT HOUSING FULTON false false false 37080000 3468215 32926217 685568 2003 true false true true 20000000 540012 50000 18801024 359000 2006 false false true true 20000000 504756 81184 19414060 2008 false false true true false false true false true 0.04500 0.04500 true false false false false false true false false false false false true false false false false false false false false true true MORGAN STANLEY 28. false false false false true false false false false JOSE MARTIN MORTGAGE X 75000 60467 false false true 60467 M GARTLAND TRUSTEE 177376 LEGAL SERVICE false LOANS TO AND/OR FROM INTERESTED PERSON SCHEDULE L, PART II THE PURPOSE OF THE LOAN WAS TO ASSIST MR. MARTIN WITH THE DOWN PAYMENT ON THE PURCHASE OF A LOCAL RESIDENCE. DUE TO THE DEPRESSED REAL ESTATE MARKET, HE WAS UNABLE TO SELL HIS HOME IN TENNESSEE PRIOR TO MOVING TO THE LOCAL AREA. BUSINESS TRANSACTIONS SCHEDULE L, PART IV THE LAW FIRM OF CORBALLY, GARTLAND & RAPPLEYEA (CGR) PROVIDES COUNSEL FOR THE COLLEGE ON SOME LEGAL MATTERS. THE COLLEGE USES THE SERVICES OF FOUR ATTORNEYS AT CGR WITH MR. MICHAEL GARTLAND, WHO SERVES ON OUR BOARD OF TRUSTEES, BEING ONE OF THE FOUR. MR. GARTLAND'S SERVICES GENERALLY PERTAIN TO BOND ISSUES AND ASSOCIATED LETTERS OF CREDIT, AND OCCASIONAL PROPERTY TRANSACTIONS. IT SHOULD BE NOTED THAT THE COLLEGE USES THREE OTHER LEGAL FIRMS FOR ASSISTANCE IN SUCH AREAS AS EMPLOYEE RELATIONS, ENVIRONMENTAL,AND ATHLETIC MATTERS. Mr. Gartland DISCLOSED THE PRECISE NATURE OF HIS INTEREST OR INVOLVEMENT IN THE TRANSACTION, REFRAINED FROM PARTICIPATING IN CONSIDERATION OF THE PROPOSED TRANSACTION, AND WAS PROHIBITED FROM DISCUSSING THE ISSUE WITH THE OFFICERS OF THE COLLEGE OR VOTING ON THE MATTER. X 1 58658 APPRAISAL VALUE X 2615 EST. MARKET VALUE X 15 269909 AVG. PRICE DOT X EQUIPMENT 5 167598 EST. MARKET VALUE X FURNITURE 3 5994 EST. MARKET VALUE 1 false true true THIRD PARTY TO SOLICIT, PROCESS AND SELL NONCASH CONTRIBUTIONS PART I, LINE 32B MERRILL LYNCH IS THE COLLEGE'S BROKER THAT HANDLES ALL TRANSACTIONS FOR DONATED SECURITIES. ORGANIZATION'S REVIEW PROCESS OF FORM 990 FORM 990, PART VI, LINE 11B THE 990 WAS REVIEWED Internally, APPROVED BY THE CFO and then provided to an independent accounting firm for review. THE 990 WAS then PRESENTED TO THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES FOR REVIEW AND APPROVAL. COPIES OF THE complete 990 ARE PROVIDED TO ALL BOARD MEMBERS FOR REVIEW AND DISCUSSION PRIOR TO FILING. ENFORCEMENT AND COMPLIANCE OF CONFLICTS OF INTEREST POLICY FORM 990, PART VI, LINE 12C As an on-going practice and as required by our Code of Ethics, all trustees are required to complete Conflict of Interest Statements on an annual basis in which they are asked to discuss any business relationships they or a member of their families have with the College. Our Code of Ethics requires that all cabinet members and staff who engage in significant business dealings for the College (e.g., Director of Physical Plant) complete a Conflict of Interest Statement annually. Completed statements that indicate a potential conflict of interest are reviewed by the Chief Financial Officer, Assistant Vice President for Human Resources, and the Executive Vice President. If a conflict exists, appropriate action is taken to ensure full disclosure or termination of the arrangement. COMPENSATION PROCESS FOR TOP MANAGEMENT OFFICIAL FORM 990, PART VI, LINE 15A THE COMPENSATION AND RETIREMENT PROGRAM FOR THE PRESIDENT WAS BASED ON A COMPREHENSIVE ANALYSIS CONDUCTED BY THE HAY GROUP, A PROMINENT EXECUTIVE COMPENSATION CONSULTING FIRM. THE PRESIDENT'S CONTRACT WAS RECOMMENDED BY THE BOARD COMMITTEE ON PRESIDENTAL REVIEW AND COMPENSATION (RESPONSIBLE FOR PRESIDENTIAL EVALUATION AND COMPENSATION), AND APPROVED BY THE FULL BOARD OF TRUSTEES. THE PRESIDENT IS REVIEWED ON AN ANNUAL BASIS BY THE COMMITTEE ON PRESIDENTAL REVIEW AND COMPENSATION AND CHANGES IN COMPENSATION ARE RECOMMENDED TO THE FULL BOARD FOR APPROVAL. THE COMMITTEE ON PRESIDENTIAL REVIEW AND COMPENSATION BASES ITS RECOMMENDATIONS FOR ADJUSTMENTS ON PERFORMANCE AND A REVIEW OF APPROPRIATE COLLEGE AND UNIVERSITY PERSONNEL ASSOCIATION (CUPA) DATA ON PRESIDENTIAL COMPENSATION. COMPENSATION PROCESS FOR OFFICERS AND KEY EMPLOYEES FORM 990, PART VI, LINE 15B SENIOR OFFICER COMPENSATION IS ESTABLISHED AFTER A REVIEW OF COMPENSATION DATA FROM CUPA AT PRIVATE INSTITUTIONS OF HIGHER EDUCATION BASED ON ANNUAL BUDGET SIZE AND ENROLLMENT. IN ADDITION TO SALARY COMPARABILITY AT OTHER INSTITUTIONS, PERFORMANCE AND YEARS OF SERVICE IN THE POSITION ARE ALSO FACTORS CONSIDERED BY THE PRESIDENT IN DETERMINING A SENIOR OFFICER'S ANNUAL SALARY. ONCE THE PRESIDENT HAS COMPLETED HIS REVIEW OF SENIOR OFFICER COMPENSATION, THE PRESIDENT'S RECOMMENDATIONS ARE BROUGHT TO THE BOARD'S TRUSTEESHIP COMMITTEE FOR REVIEW AND APPROVAL. GOVERNING DOCUMENTS DISCLOSURE FORM 990, PART VI, LINE 19 THE COLLEGE'S GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST FROM THE OFFICE OF THE CHIEF FINANCIAL OFFICER. THE FINANCIAL STATEMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE ON THE COLLEGE'S WEBSITE AT MARIST.EDU. Other Changes in Net Assets Form 990, Part XI, Line 5 Net Unrealized Gains on Investments 20,163,957 Restatement of Beg. of Year Net Assets (4,633,440) MRPS Depreciation (64,958) Other adjustment (1,461) ----------- 15,464,098 VAYU LLC 3399 NORTH ROAD POUGHKEEPSIE NY 12601 EDUCATIONAL NY 0 14946985 MARIST COL MARIST REAL PROPERTY SERVICES INC 3399 NORTH ROAD POUGHKEEPSIE NY 12601 141785087 REAL PROP NY 501C3 11A MARIST COL MARIST REAL PROPERTY SERVICES TWO INC 3399 NORTH ROAD POUGHKEEPSIE NY 12601 141825215 REAL Prop NY MARIST COL C Corp 0 175000 1.00000 false false false false false false false false false false false false true false false false false false