2012-05-14T18:05:14-04:00 2011-06-30 KPMG LLP 345 Park Avenue New York NY 101540102 990 2010-07-01 131628206 MARYMOUNT MANHATTAN COLLEGE MARY 2125170400 221 EAST 71ST STREET NEW YORK NY 100214597 PAUL CIRAULO 2012-05-14 true KPMG LLP 2127589700 2010 2016-02-24 21:20:13Z DR JUDSON SHAVER 221 EAST 71ST STREET NEW YORK NY 100214597 67076471 false X http://www.mmm.edu X 1961 NY MARYMOUNT MANHATTAN COLLEGE'S MISSION IS TO EDUCATE A SOCIALLY AND ECONOMICALLY DIVERSE POPULATION BY FOSTERING INTELLECTUAL ACHIEVEMENT, PERSONAL GROWTH AND CAREER DEVELOPMENT. 19 18 1116 0 0 0 4720019 2608317 52204978 55115623 303292 370774 -66191 -17902 57162098 58076812 9117792 9500248 0 0 25403857 26812034 91987 35873 1922057 22715156 20627851 57328792 56976006 -166694 1100806 111266285 114292297 55253448 55242217 56012837 59050080 X MARYMOUNT MANHATTAN COLLEGE IS AN URBAN, INDEPENDENT, LIBERAL ARTS COLLEGE. THE MISSION OF THE COLLEGE IS TO EDUCATE A SOCIALLY AND ECONOMICALLY DIVERSE POPULATION BY FOSTERING INTELLECTUAL ACHIEVEMENT AND PERSONAL GROWTH AND BY PROVIDING OPPORTUNITIES FOR CAREER DEVELOPMENT. INHERENT IN THIS MISSION IS THE INTENT TO DEVELOP AN AWARENESS OF SOCIAL, POLITICAL, CULTURAL AND ETHICAL ISSUES, IN THE BELIEF THAT THIS AWARENESS WILL LEAD TO CONCERN FOR, PARTICIPATION IN, AND IMPROVEMENT OF SOCIETY. TO ACCOMPLISH THIS MISSION, THE COLLEGE OFFERS A STRONG PROGRAM IN THE ARTS AND SCIENCES FOR STUDENTS OF ALL AGES, AS WELL AS SUBSTANTIAL PRE-PROFESSIONAL PREPARATION. CENTRAL TO THESE EFFORTS IS THE PARTICULAR ATTENTION GIVEN TO THE INDIVIDUAL STUDENT. MARYMOUNT MANHATTAN COLLEGE SEEKS TO BE A RESOURCE AND LEARNING CENTER FOR THE METROPOLITAN COMMUNITY. false false 611600 39973356 9500248 45960089 Founded in 1936 as a women's college by the Religious of the Sacred Heart of Mary, Marymount Manhattan moved to its present location on 71st Street and became a four-year bachelor degree-granting institution in 1948. Faithful to the vision of its founders, Marymount Manhattan is thriving as a nonsectarian, coeducational, independent college of the liberal arts, attracting and serving a diverse community of students, faculty, and staff. As the College moves forward with its 2008-2013 Strategic Plan to create an enriched and highly challenging learning and living experience that is international in focus, interdisciplinary in method, and experiential in procedure, we remain committed to serving a socially and economically diverse population. In addition to keeping tuition affordable, the ability to offer assistance to students in-need is essential to achieve this goal. The College serves a student body of close to 1,900 full- and part-time students and has experienced record enrollments for the past two years. Today, the College draws students from 48 states and 60 countries; approximately 30% of our students are minorities. Returning adults comprise 9% of our students. MMC students can pursue degrees in 17 major programs of study and choose from among 40 minors to focus their studies even further. During their college careers, students can study abroad, engage in sophisticated research projects, hold internships at New York City companies, and become involved in service-learning opportunities. 611710 8361265 9009534 Approximately 760 students make their home at Marymount Manhattan in one of our three residence halls. The 55th Street Residence is our first-year residence hall and newest hall, where students live in suite-style arrangements just 16 blocks from the College. Each suite consists of two bedrooms furnished with loft beds, dressers, and desks, a kitchen and a bathroom, plus individual lines for telephone, cable and computer access. The building is staffed with 24-hour security and features other amenities such as a laundry room, convenience store, lounge space and balcony. De Hirsch Hall is located at 92nd Street and Lexington Avenue, and students in this hall reside on two floors in single and double rooms. Students on each floor share a community kitchen and bathroom, and each student has a bed, dresser, and desk. 92nd Street Y De Hirsch Residence is staffed with 24-hour security and offers weekly maid service. Gym facilities are available at a discounted rate, as are many lectures and special programs held in the facility. The Manhattan Park Residence on nearby Roosevelt Island offers true apartment living for students in their second, third or fourth year of study at Marymount Manhattan College. These two bedroom/two bath apartments in an exceptionally nice apartment complex are spacious and feature a full kitchen, living room, dining area, two baths, large closets, a flat screen TV, internet and cable. There is a free gym located within the building, a laundry room, a 24-hour concierge, and a sun deck. Manhattan Park is in close proximity to MMC by taking the Tram from 59th Street to Roosevelt Island, or by taking the Uptown F train from 63rd Street and Lexington Avenue to the first stop. The Residence Life staff oversees all living facilities and strives to create a sense of community by providing educational and social programs. Each hall is staffed by full-time Residence Directors and Resident Advisors. 900099 202685 146000 The Program of Academic Achievement addresses many fundamental principles of Marymount Manhattan's mission. Through the Center of Academic Advancement (CAA), we strive to ensure academic success of every student. One-on-one study sessions permit individualized assistance, building on strengths and overcoming weaknesses. The CAA fosters opportunities for intellectual achievement and personal growth. 0 0 0 48537306 true true false true false false false false true true false false false true false true false true false false false false true true false false false true true true false false false false false true true false false false true true false false false true true true false false true 68 0 true 1116 true false false false false false true true false false false false false false false false false X 19 18 false false false false false false false true true false false false true true true true true true true false NJ X X WAYNE SANTUCCI 2125170544 221 EAST 71ST STREET NEW YORK NY 100214597 X GLORIA SPINELLI BOHAN 1.0 X 0 0 0 JAMES E BUCKMAN 1.0 X 0 0 0 JUDY CARSON 1.0 X 0 0 0 THOMAS C CLARK 1.0 X 0 0 0 KATHLEEN CONNELLRSHM THRU 511 1.0 X 0 0 0 TERESITA FAY 1.0 X 0 0 0 ANNE C FLANNERY 1.0 X 0 0 0 PAUL A GALIANO 1.0 X 0 0 0 MARY TWOMEY GREASON 1.0 X 0 0 0 JAMES B HORNER 1.0 X 0 0 0 ELLEN MARIE KEANERSHM THRU 511 1.0 X 0 0 0 HOPE D KNIGHT 1.0 X 0 0 0 PAUL C LOWERRE 1.0 X 0 0 0 GINGER LYONS DE NEUFVILLE 1.0 X 0 0 0 SALLIE MANZANET DANIELS 1.0 X 0 0 0 LOUIS AMARTARANO THRU 511 1.0 X 0 0 0 NATASHA PEARL 1.0 X 0 0 0 JUDITH ROBINSON EFFECTIVE 1210 1.0 X 0 0 0 JOANNE SAFIAN EFFECTIVE 511 1.0 X 0 0 0 RONALD J YOO 1.0 X 0 0 0 NATAN WEKSELBAUMTHRU 511 1.0 X 0 0 0 LUCILLE ZANGHI 1.0 X 0 0 0 DR JUDSON SHAVER 35.0 X X 541390 0 89571 PAUL CIRAULO 35.0 X 247682 0 38627 DEREK BELLIN 35.0 X 151641 0 13885 DAVID PODELL 35.0 X 209684 0 32184 CAROL JACKSON 35.0 X 174840 0 19278 PETER BAKER 35.0 X 149086 0 24278 WAYNE SANTUCCI 35.0 X 142841 0 46163 PATRICIA HANSEN 35.0 X 129190 0 26889 LINDA SOLOMON 35.0 X 126759 0 27866 JEAN WILHELM 35.0 X 123977 0 16208 1997090 0 334949 23 false true false Aramark Education 1101 Market Street PHILADELPHIA PA 19107 Facility & Food Srvc 2117218 Beth Israel Business Health Center PO Box 95000-3945 PHILADELPHIA PA 191950001 Oper. Health Center 221447 Wm Altman Advertising One Penn Plaza Suite 5312 NEW YORK NY 10119 Advertising 167438 KPMG LLP 345 Park Avenue NEW YORK NY 10154 Audit and Tax 166828 J Richards Security Inc 147 So Franklin Avenue VALLEY STREAM NY 11580 Security 162884 9 377919 838233 1392165 98498 2608317 TUITION AND FEES 900099 45960089 45960089 RESIDENCE FEES 900099 9009534 9009534 ACADEMIC PROGRAMS 900099 146000 146000 55115623 330535 330535 0 0 8922169 8881930 40239 40239 40239 45750 377919 117729 -71979 -71979 0 0 MISCELLANEOUS 900099 54077 54077 54077 58076812 55115623 0 352872 0 9500248 9500248 0 0 1367961 1301036 53237 13688 0 19677022 15007899 3614889 1054234 1569723 1216466 273602 79655 2729482 2115228 475747 138507 1467846 1137516 255845 74485 0 328865 328865 264325 264325 42172 42172 35873 35873 33825 32171 1316 338 3259672 3024715 62735 172222 450164 450164 1694349 1503667 37345 153337 850318 750 849568 0 1435360 1365138 55860 14362 240978 196970 35197 8811 0 641695 498580 85357 57758 2385768 2385768 0 3273414 3168399 83537 21478 294212 279818 11450 2944 HOUSING RENTAL 3478976 3478976 BAD DEBT RESERVE 578885 578885 STUDENT ACTIVITIES 409814 409814 DUES AND MEMBERSHIPS 397675 394946 2171 558 EQUIP. RENTAL & MAINTENANCE 212579 186988 9964 15627 354805 303164 15633 36008 56976006 48537306 6516643 1922057 283835 557405 15039641 12827146 6428455 3479058 1045275 529513 325000 325000 336849 181961 106379415 36607298 64893834 69772117 20283319 23904183 2630077 2715914 111266285 114292297 2837489 3259596 1409474 1415026 49275000 48875000 1731485 1692595 55253448 55242217 X 35444476 34361057 9455747 13216783 11112614 11472240 56012837 59050080 111266285 114292297 X 1100806 1936437 X false true true X true true X false false false RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false true false false false false true 50844 false false 50844 false false 13521980 359626 2123334 373127 15631813 11775854 809493 1240274 303641 13521980 12946877 1076554 -1705838 541739 11775854 0.00000 1.00000 0.00000 false false 14425831 14425831 73209796 27273364 45936432 9547593 8063106 1484487 9196195 1270828 7925367 69772117 0 INTEREST PAYABLE 1182131 ASSET RETIREMENT OBLIGATION 510464 1692595 58076812 56976006 1100806 1936437 1936437 3037243 50596904 1936437 -9382519 -7446082 58042986 33826 33826 58076812 47559661 117729 117729 47441932 33826 9500248 9534074 56976006 INTENDED USES OF ENDOWMENT FUNDS FORM 990, SCHEDULE D, PART V, LINE 4 Some endowment funds are used for scholarships. Some funds are used to fund Science and Library departments. RECONCILIATION TO AUDITED FINANCIAL STATEMENTS FORM 990, SCHEDULE D, PART XII, LINE 2D RECLASS OF STUDENT AID $(9,500,248) SPECIAL EVENT EXPENSES $ 117,729 FORM 990, SCHEDULE D, PART XIII, LINE 2D SPECIAL EVENT EXPENSES $ 117,729 FORM 990, SCHEDULE D, PART XIII, LINE 4B RECLASS OF STUDENT AID $( 9,500,248) true true true true true true true false false false false false false false false true false true SCHEDULE E, LINE 3 MARYMOUNT MANHATTAN COLLEGE HAS PUBLICIZED ITS RACIALLY NONDISCRIMINATORY POLICY THROUGH NEWSPAPER AND/OR BROADCAST MEDIA DURING THE PERIOD OF SOLICITATION IN A WAY THAT MADE THE POLICY KNOWN TO ALL PARTS OF THE GENERAL COMMUNITY IT SERVES. SCHEDULE E, LINE 6(a) FEDERAL WORK-STUDY PROGRAM $123,027 U.S. DEPARTMENT OF EDUCATION $400,000 ----------- TOTAL FEDERAL GRANTS $523,027 NEW YORK STATE LIBRARY GRANT $5,220 NEW YORK STATE HEOP (HIGHER EDUCATION OPPORTUNITY PROGRAM) GRANT $202,000 NEW YORK STATE BUNDY GRANT $107,986 ----------- TOTAL NEW YORK STATE GRANTS $315,206 X X X X X X X true CMI Event Planning Fndrsg FUNDRAISING false 423669 35873 423669 35873 NJ MEDAL DINNER 423669 377919 45750 62070 47278 NONE 0 423669 377919 45750 62070 47278 109348 -63598 true SCHOLARSHIPS 2460 9500248 Monitoring the use of grant funds form 990, Schedule I, part I, Line 2 The College has developed an institutional packaging philosophy to ensure consistent, equitable, and fair distribution of financial aid funds. Packaging parameters are periodically reviewed with the help of an outside consultant, to evaluate the MMC grants and scholarship programs offered to all student populations at MMC. X X true true X X X false true false false false false false false false DR JUDSON SHAVER 381031 0 0 0 160359 0 59000 0 30571 0 630961 0 0 0 PAUL CIRAULO 247682 0 0 0 0 0 24977 0 13650 0 286309 0 0 0 DEREK BELLIN 151641 0 0 0 0 0 0 0 13885 0 165526 0 0 0 DAVID PODELL 209684 0 0 0 0 0 21043 0 11141 0 241868 0 0 0 CAROL JACKSON 174840 0 0 0 0 0 17111 0 2167 0 194118 0 0 0 PETER BAKER 149086 0 0 0 0 0 14461 0 9817 0 173364 0 0 0 WAYNE SANTUCCI 142841 0 0 0 0 0 15537 0 30626 0 189004 0 0 0 PATRICIA HANSEN 129190 0 0 0 0 0 13228 0 13661 0 156079 0 0 0 LINDA SOLOMON 126759 0 0 0 0 0 13058 0 14808 0 154625 0 0 0 SCH J, Part I, Line 1a Housing Allowances and Club Dues A housing allowance in the amount of $160,359 was provided to the President, Dr. Shaver, and is treated as taxable compensation to him. The housing allowance was reviewed and approved by the Board of Trustees after review and approval by the Board's Compensation Committee. The College paid Club Dues in the amount of $3,756 on behalf of Dr. Shaver. This amount is treated as a nontaxable benefit to him, because Dr. Shaver uses the club solely for College business. SCH J, Part 1, Line 4b Nonqualified Retirement Plan Dr. Shaver's compensation reported in Part II, Column (C) includes a non-vested $30,000 contribution to a Section 457(f) nonqualified plan. The Marymount Manhattan College Section 457(f) Deferred Compensation Plan is a benefit plan applicable to certain highly compensated employees and/or senior management of Marymount Manhattan College. It provides for future payment of compensation to the employee for services currently rendered. An eligible employee can elect to defer any amount of compensation to the Plan. The employee has no access to or control over the assets held by the Plan until the date elected for distribution or the occurrence of a distribution event under the Plan. If the employee fails to satisfy the service requirements prior to the earlier of such dates, the benefits will be forfeited. The 457(f) Deferred Compensation Plan was implemented on January 1, 2010. Dormitory Authority of the State of New York 146000293 649905WR3 2009-02-09 49013498 REFUNDING DASNY SERIES 1999 BONDS false false false 0 0 49013498 4360562 0 0 1280173 0 0 0 43326279 46482 2001 true false false true false false false false false false false false UNALLOCATED ISSUANCE COSTS FORM 990, SCHEDULE K, PART II, LINE 12, COLUMN A THE COLLEGE HAS $46,482 OF UNALLOCATED ISSUANCE COSTS FROM PROCEEDS AS OF JUNE 30, 2011. Judson Shaver Purchase of Condo X 325000 325000 false true true 325000 Wayne Santucci Associate VP/Controller 26225 See Part V Schedule L, Part II and Part III Part II - Loan to Judson Shaver, the president was used for the purchase of his house. Part III - Wayne Santucci's son received a scholarship from Marymount Manhattan College according to the tuition exchange program. The TEP program is open to the dependents of all full time employees after one year of service. X 8 98498 high/low price mean 0 false false false BOARD REVIEW OF FORM 990 FORM 990, PART VI, SECTION A, LINE 11 The Form 990 is prepared internally by the staff of the college. The draft return is then reviewed by an independent accounting firm, and is modified until both are satisfied with the return. The audit committee then reviews and approves the form 990 (including schedule b) in a meeting attended by committee members, management and the independent accountants. After approval, the entire board of directors is provided a public inspection copy of the return for review prior to filing the return with the IRS. The audit committee chair, executive vice president of administration and finance and the independent accountants are available to the board for questions. Because the board of directors is provided with a public inspection copy of the return (i.e., form 990, with schedule b information redacted), part VI, line 11 has been answered as No. CONFLICT OF INTEREST POLICY FORM 990, PART VI, SECTION B, LINE 12C The Trustees of Marymount Manhattan College are elected to serve the College, and are expected to carry out their duties in a manner that inspires and assures the confidence of the College and the broader community. All actions by Trustees with respect to the College and its property must be taken solely on the basis of a desire to advance the best interests of the College. Trustees shall not use their positions as Trustees, or knowledge gained therefrom, so that a conflict might arise between the interests of the College and the individual interests of the Trustees. The College's Trustees inevitably are involved in the affairs of other institutions and organizations. Trustees may from time to time have relationships and affiliations that may raise questions about perceived conflicts of interest. Although many such potential conflicts are and will be deemed inconsequential, each Trustee has the responsibility to ensure that the entire Board is made aware of situations that involve personal, familial or business relationships that could be potential conflicts. Thus, the Board requires each Trustee to (a) confirm that he or she is familiar with this policy, (b) disclose to the Board Chair any possible personal, familial or business relationships that might give rise to a conflict of interest or the appearance of a conflict of interest involving the College, and (c) agree to serve only in accordance with the letter and spirit of this policy. A form for this purpose is attached, and shall be completed by each Trustee at least annually. A "business relationship" is one in which a Trustee or a member of his or her family serves as an officer, director, employee, partner, trustee or controlling stockholder of an organization that does business with the College. A "family member" is a spouse, parent, sibling or child of a Trustee, or any other relative living in the Trustee's household. If a Trustee is uncertain whether to disclose a particular relationship, the Board Chair should be consulted. The Chair may elect to seek the judgment of the Executive Committee in determining whether a relationship gives rise to a conflict of interest or should otherwise be disclosed to the Board. The Chair and the Executive Committee shall keep any consultation confidential unless and until they determine that the best interests of the College require disclosure. A Trustee who has a conflict of interest shall not participate in any consideration by the Board of a matter relating to the conflict. COMPENSATION REVIEW FORM 990, PART VI, SECTION B, LINE 15A and 15B The Organization has instituted a process to review the compensation paid to its president, officers, and key employees giving rise to a rebuttable presumption that the compensation is reasonable in accordance with IRC 53.4958-6. Compensation for the President, Executive Vice President of Administration and Finance, Vice President of Academic Affairs, Vice President of Institutional Research and Planning, Vice President of Institutional Advancement, and the Vice President of Student Affairs is determined by a process that includes the use of comparability data, review and approval by the compensation committee of the college's board of trustees, and contemporaneous recordkeeping of deliberations and decisions. PUBLIC DISCLOSURE OF GOVERNING DOCUMENTS FORM 990, PART VI, SECTION C, LINE 19 The College makes its Form 990 and financial statements available to the public through its website. the form 990 is also available on www.guidestar.org. Other governing documents and conflict of interest policy are not available to the public. FORM 990, PART XI, LINE 5 OTHER CHANGES IN NET ASSETS Unrealized gains on investments - $1,936,437. 231-235 EAST 55TH STREET CONDOMINIUM GOoDSTEIN MGMT - 211 EAST 46TH STRE NEW YORK NY 10017 582636459 STUDENT HOUSING NY MARYMOUNT M COL C CORP 975293 1307259 0.70700 false false false false false false false false false false false false false false true false false false 231-235 East 55th Street Condominium O 909434