2011-11-11T17:00:14-06:00 2011-06-30 CROWE HORWATH LLP 9600 Brownsboro Road Suite 400 Louisville KY 402411122 990 2010-07-01 141468399 MOUNT SAINT MARY COLLEGE MOUN 8455613209 330 Powell Avenue Newburgh NY 125503412 CATHLEEN KENNY 2011-11-11 true 5023263996 2010 2016-02-24 21:20:13Z CATHLEEN KENNY 330 Powell Avenue Newburgh NY 125503412 131905298 false X WWW.MSMC.EDU X 1960 NY THE COLLEGE IS AN INDEPENDENT, COEDUCATIONAL INSTITUTION COMMITTED TO PROVIDING STUDENTS WITH A LIBERAL ARTS EDUCATION TO PREPARE THEM FOR LIVES OF LEADERSHIP AND SERVICE. THROUGH A VARIETY OF MAJORS AND PROFESSIONAL PROGRAMS, STUDENTS ARE ALSO PREPARED FOR CAREER ENTRY OR GRADUATE AND PROFESSIONAL STUDIES. 23 23 1135 26 0 0 2865215 5103853 61419229 64724404 668269 6924079 36731 -38818 64989444 76713518 10829449 12863829 0 0 25635202 26361767 14762 16897 540726 22922585 24559054 59401998 63801547 5587446 12911971 167019547 178998399 57392192 54877614 109627355 124120785 X AS REFLECTED IN ITS MOTTO "DO CE ME VERITATEM" (TEACH ME THE TRUTH), MOUNT SAINT MARY COLLEGE, IS AN INDEPENDENT, COEDUCATIONAL INSTITUTION COMMITTED TO PROVIDING STUDENTS WITH A LIBERAL ARTS EDUCATION TO PREPARE THEM FOR LIVES OF LEADERSHIP AND SERVICE. THROUGH A VARIETY OF MAJORS AND PROFESSIONAL PROGRAMS, STUDENTS ARE ALSO PREPARED FOR CAREER ENTRY OR GRADUATE AND PROFESSIONAL STUDIES. CONSISTENT WITH JUDEO-CHRISTIAN VALUES AND THE DOMINICAN TRADITION OF EDUCATION THAT VALUES THE INHERENT WORTH OF THE INDIVIDUAL, THE MISSION OF MOUNT SAINT MARY COLLEGE IS TO CREATE AN ENVIRONMENT WHICH FOSTERS CLOSE STUDENT-FACULTY INTERACTION THAT ENABLES STUDENTS TO REACH THEIR FULL POTENTIAL AS LIFELONG LEARNERS. MOUNT SAINT MARY COLLEGE STRIVES TO PROVIDE A STIMULATING ENVIRONMENT THAT PROMOTES THE INTELLECTUAL AND PERSONAL GROWTH OF UNDERGRADUATE, GRADUATE AND CONTINUING EDUCATION STUDENTS. false 38625794 12863829 49353818 MOUNT SAINT MARY COLLEGE A HIGHER EDUCATION INSTITUTION PROVIDES UNDERGRADUATE AND GRADUATE EDUCATION FOR APPROXIMATELY 2700 FULL AND PART TIME STUDENTS. 11922780 0 12179233 ROOM AND BOARD AND BOOKSTORE OPERATIONS 2670003 0 2293911 BISHOP DUNN MEMORIAL SCHOOL - ELEMENTARY SCHOOL OPERATIONS 441279 0 897442 OTHER SOURCES OF INCOME SUCH AS COMMUNITY EDUCATION, SUMMER CAMPS, AND INDIRECT COST RECOVERY. 441279 0 897442 53659856 true true false true false false false false true true true false false true true true false true false true false false true true false false false true true true false false false false false false false false false false true false false false false false false false false false true 3598 0 true 1135 true false false false false false true true false false false false X 23 23 false false false false false false false true true false false true true true true true true true true false X N Mazza 8455693209 330 Powell Avenue Newburgh NY 125503412 CHRIS J GAWLY ESQ 5 X 0 0 0 DUNCAN MAXWELL ANDERSON 5 X 0 0 0 SISTER MARGARET ANDERSON OP 5 X 0 0 0 LUDWIG H BACH 10 X X 0 0 0 JOSEPH A O'LOUGHLIN 5 X 0 0 0 HARRISON H BUXTON III 5 X 0 0 0 GREG M COOPER CPA CSEP 5 X 0 0 0 THOMAS C DONAHOE 5 X 0 0 0 R ABEL GARRAGHAN 10 X X 0 0 0 ALBERT J GRUNER DMD 5 X 0 0 0 JOAN P KAPLAN 5 X 0 0 0 MARIANNA R KENNEDY ESQ 5 X 0 0 0 ANNA HALPINE 5 X 0 0 0 FRANK A MARCHETTI 5 X 0 0 0 SISTER LORELLE ELCOCK OP 5 X 0 0 0 DAVID MELBY 5 X 0 0 0 SISTER MARY RITA SWEENEY OP 5 X 0 0 0 JOAN PATRICIA MILLENS 5 X 0 0 0 ROBERT MURPHY 5 X 0 0 0 DR FRANCES P CONNER 5 X 0 0 0 SUSAN D NAJORK 5 X 0 0 0 PETER M OLYMPIA 5 X 0 0 0 SISTER ANN P STANKIEWICZ OP 5 X 0 0 0 SISTER LUCY POVILONIS OP 5 X 0 0 0 ITA M RAHILLY CPA 5 X 0 0 0 GEORGE F STRADAR JR ESQ 5 X 0 0 0 WILLIAM LAHAR 35 X 102387 0 22968 PAUL SCHWARTZ 35 X 103785 0 18134 JAMES COTTER 35 X 115199 0 18245 HARRY STEINWAY 35 X 113093 0 19431 JAMES RAIMO 35 X 124242 0 30528 JOSEPH VALENTI 35 X 132875 0 27694 CATHLEEN KENNY 35 X 133026 0 27507 IRIS TURKENKOPF 35 X 148368 0 28662 FATHER KEVIN MACKIN 35 X 185640 0 39948 SISTER JOAN BONESKI OP 5 X 0 0 0 WILLIAM G MURPHY JR 5 X 0 0 0 JAMES P SMITH JR 5 X 0 0 0 1158615 0 233117 9 false true true CLARK COMPANIES 41155 STATE ROUTE 10 DELHI NY 13753 CONTRACTOR 2196789 BBL CONSTRUCTION SERVICES LLC 302 WASHINGTON AVENUE EXT ALBANY NY 12212 CONTRACTOR 1634464 KIRCHHOFF-CONSIGLI CONSTRUCTION MGMT 199 WEST ROAD SUITE 100 PLEASANT VALLEY NY 12569 CONTRACTOR 1038397 ALGONQUIN CONSTRUCTION INC 1073 MAIN STREET SUITE 204 FISHKILL NY 12524 CONTRACTOR 314942 MID HUDSON PAINTING INC 9 GREAT VIEW LANE HIGHLAND NY 12528 CONTRACTOR 136459 6 0 0 95354 0 1175023 3833476 85534 5103853 TUITION AND FEE INCOME 611310 49353818 49353818 0 0 DORMITORIES, FOOD, SERVICE, CAMPUS STORE 611310 12179233 12179233 0 0 ELEMENTARY SCHOOL - PRE K TO GRADE 8 611110 2293911 2293911 0 0 COMMUNITY EDUCATION 611310 561012 561012 0 0 OTHER SOURCES 611310 336430 336430 0 0 0 0 0 0 64724404 866974 0 0 866974 0 0 0 0 0 0 0 0 15000 0 28880 0 -13880 0 -13880 0 -13880 61157140 0 55100035 0 6057105 0 6057105 0 0 6057105 37927 95354 62865 -24938 0 -24938 0 0 0 0 0 0 0 0 0 0 0 0 0 76713518 64724404 0 6885261 0 12863829 12863829 0 0 871767 732717 139050 0 18986620 16184493 2611338 190789 1167272 933818 222383 11071 3732444 2965033 700227 67184 1603664 1282931 291867 28866 0 111764 111764 132575 132575 0 16897 16897 114626 114626 4063184 3554323 500281 8580 671776 455427 189167 27182 1778492 687658 1053096 37738 636195 359968 276227 0 1662577 929584 732993 481809 385506 88584 7719 0 104975 86760 15974 2241 1869680 1777672 92008 0 5023910 4473473 550437 425454 262908 162546 ELEMENTARY SCHOOL 2246962 2246962 BOOKSTORE 974584 974584 MAINTENANCE & REPAIRS 889407 838512 50895 TUITION WAIVERS 667912 667912 EQUIPMENT 319151 90155 228996 2384021 1638348 742264 3409 63801547 53659856 9600965 540726 0 4831989 9548951 4244740 3971802 1448335 1509925 831894 715264 213790 217830 1129459 859604 140928204 35813844 103364905 105114360 43427117 29196157 0 20514373 0 7527318 7350133 167019547 178998399 2759247 2564096 1854661 1532743 48112187 46806607 206744 669042 4459353 3305126 57392192 54877614 X 98793362 113556637 6696237 6202808 4137756 4361340 109627355 124120785 167019547 178998399 X 12911971 1581459 X false true true X true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 false false false false false false false false true 0 false 0 Description of other lobbying activities Schedule C, Part II-B, Line 1i THE COLLEGE DOES NOT UNDERTAKE ANY DIRECT LOBBYING ACTIVITIES. THE COLLEGE IS A MEMBER IN SEVERAL HIGHER EDUCATION ASSOCIATIONS SUCH AS NACUBO (NATIONAL ASSOCIATION OF COLLEGE UNIVERSITY BUSINESS OFFICERS) AND CICU (COMMISSION ON INDEPENDENT COLLEGES AND UNIVERSITIES) TO WHICH IT PAYS DUES. 4452398 223584 114685 98994 4691673 3702471 790939 66846 107858 4452398 2183615 1594517 -20511 55150 3702471 1.00000 false false 6263991 6263991 125713661 29169171 96544490 0 8876014 6644673 2231341 74538 74538 105114360 0 F 0 LIMITED PARTNERSHIPS - INTERNATIONAL INVESTMENTS 7060380 F DOMESTIC EQUITY FUND 3154222 F INTERNATIONAL EQUITY FUND 3022009 F HEDGE FUNDS 7277762 F 20514373 0 CONDITIONAL ASSET RETIREMENT OBLIGATION 196830 DERIVATIVE LIABILITY 2484097 GOVERNMENT GRANTS REFUNDABLE 624199 3305126 76713518 63801547 12911971 1581459 0 1581459 14493430 78386722 1581459 91745 1673204 76713518 0 0 76713518 63893292 91745 91745 63801547 0 0 63801547 Intended uses of endowment funds Schedule D, Part V, Line 4 ENDOWMENT FUNDS ARE USED TO SUPPORT SCHOLARSHIPS FOR STUDENTS AND ACADEMIC SUPPORT. FIN 48 (ASC 740) footnote Schedule D, Part X, Line 2 THE COLLEGE IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. U.S. GAAP PRESCRIBES RECOGNITION THRESHOLDS AND MEASUREMENT ATTRIBUTES FOR THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. TAX BENEFITS WILL BE RECOGNIZED ONLY IF THE TAX POSITION IS CONSIDERED MORE-LIKELY-THAN-NOT TO BE SUSTAINED IN A TAX EXAMINATION, WITH A TAX EXAMINATION BEING PRESUMED TO OCCUR. FOR TAX POSITIONS NOT MEETING THE MORE-LIKELY-THAN-NOT TEST, NO TAX BENEFIT WILL BE RECORDED. MANAGEMENT BELIEVES THE COLLEGE DOES NOT HAVE ANY TAX BENEFITS OR LIABILITIES TO BE RECOGNIZED AT JUNE 30, 2011 AND 2010. THE COLLEGE IS NO LONGER SUBJECT TO EXAMINATION BY U.S. FEDERAL TAXING AUTHORITIES AND FOR ALL STATE INCOME TAXES THROUGH 2007. THE COLLEGE DOES NOT EXPECT THE TOTAL AMOUNT OF UNRECOGNIZED TAX BENEFITS TO SIGNIFICANTLY CHANGE IN THE NEXT 12 MONTHS. THE COLLEGE WOULD RECOGNIZE INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS IN INTEREST AND INCOME TAX EXPENSE, RESPECTIVELY. THE COLLEGE HAS NO AMOUNTS ACCRUED FOR INTEREST OR PENALTIES AS OF JUNE 30, 2011 AND 2010. Other revenues in audited financial statements not in form 990 Schedule D, Part XII, Line 2d FUNDRAISING EXPENSES - 62865; RENTAL EXPENSES - 28880; Other expenses in audited financial statements not in form 990 Schedule D, Part XIII, Line 2d FUNDRAISING EXPENSE - 62865; RENTAL EXPENSES - 28880; true true true true true true true false false false false false false false false true false true Financial aid or assistance from a governmental agency Schedule E, Line 6a THE COLLEGE RECEIVES FEDERAL PELL FUNDS AND NYS TAP AWARDS AND NYS SCHOLARSHIPS. EUROPE (INCLUDING ICELAND AND GREENLAND) 0 0 PROGRAM SERVICES STUDY ABROAD PROGRAM 192000 CENTRAL AMERICA AND THE CARIBBEAN PASSIVE INVESTMENTS 7060000 0 0 7252000 true false false true false false X X X X X X X true LESTER INC 18 BUSINESS PARK DRIVE BRANDFORD CT 06405 FUNDRAISING false 43600 16897 26703 43600 16897 26703 NY GOLF TOURNAMENT 100564 80114 20450 3250 20475 7487 GOLF TOURNAMENT 32717 15240 17477 467 14730 1200 15256 0 133281 95354 37927 3717 0 35205 0 1200 22743 62865 -24938 FUNDRAISING AGREEMENT SCHEDULE G PART I LINE 2A ROW 1 THE ACCEPTED PROPOSAL FOR FUNDRAISING ACTIVITIES PROVIDED THAT THE FILING ORGANIZATION WOULD BE INVOICED ON A WEEKLY BASIS, AND THAT ALL INVOICES WOULD REFLECT THE NUMBER OF CALLING AND TRAINING HOURS AND NUMBER OF DIRECT MAIL PIECES SENT. THE AGREEMENT PROVIDED THAT THE FEES FOR SET-UP, PRINTING AND PROCUREMENT OF STATIONERY AND FORMS WOULD APPEAR IN THE FIRST INVOICE. THE SETUP FEES WERE A FIXED AMOUNT. CHARGES FOR TELEPHONE CALLING, TRAINING, AND GENERAL SERVICES WERE PRICED AT AN HOURLY RATE AND DIRECT MAIL CHARGES WERE PRICED AT A PER ITEM BASIS. true SCHOLARSHIPS 2137 12863829 Procedures for monitoring use of grant funds Schedule I, Part I, Line 2 THE ORGANIZATION FULLY FOLLOWS ALL RULES AND REGULATIONS IN ADMINISTRATING FEDERAL GRANTS. TO ENSURE THAT RULES AND REGULATIONS ARE FOLLOWED EACH YEAR THE ORGANIZATION UNDERGOES AN A-133 AUDIT. X X true true X X X X false false false false false false false false false JAMES RAIMO 123740 0 0 0 502 0 13905 0 16623 0 154770 0 0 0 JOSEPH VALENTI 132471 0 0 0 404 0 11071 0 16623 0 160569 0 0 0 CATHLEEN KENNY 132613 0 0 0 413 0 10867 0 16640 0 160533 0 0 0 IRIS TURKENKOPF 144566 0 0 0 3802 0 15952 0 12710 0 177030 0 0 0 FATHER KEVIN MACKIN 185640 0 0 0 0 0 16943 0 23005 0 225588 0 0 0 Housing allowance or residence for personal use Schedule J, Part I, Line 1a COLLEGE PROVIDES HOUSING FOR THE PRESIDENT AS PART OF HIS EMPLOYMENT CONTRACT. PURSUANT TO IRC SEC. 119, HOUSING PROVIDED TO THE PRESIDENT IS NON-TAXABLE. Health or social club dues or initiation fees Schedule J, Part I, Line 1a THE COLLEGE PROVIDES THE PRESIDENT WITH A CLUB MEMBERSHIP AS PART OF HIS EMPLOYMENT CONTRACT. THE CLUB MEMBERSHIP IS USED SOLELY FOR BUSINESS PURPOSES. FATHER KEVIN'S COMPENSATION SCHEDULE J PART II THE COLLEGE PAYS THE FATHER KEVIN'S COMPENSATION DIRECTLY TO HIS ORDER, ST FRANCIS MONASTERY FOUNDATION INC, WHICH IS AN UNRELATED ORGANIZATION. DORMITORY AUTHORITY OF THE STATE OF NEW YORK 649901K95 2003-02-13 24411914 CONSTRUCT A NEW DORMITORY CALLED SAKAC HALL. false false false DORMITORY AUTHORITY OF THE STATE OF NEW YORK 64983QLJ6 2005-09-01 29265000 RENOVATION, MODERNIZATON AND EXPANSION COLLEGE COURTS FACILITY, 10 BUILDING STUDENT HOUSING COMPLEX. false false false 4560000 0 24883488 1705265 373000 0 760541 711414 0 21333268 0 0 2003 false true true true 1865000 0 30668708 1661923 737875 0 547767 937439 0 26783704 0 0 2008 false false true true false false false false false 0.0000 0.0000 0.0000 true false false false false false 0.0000 0.0000 0.0000 true false false false 0.0 false 0.0 false true false true true DEUSTCHE BANK 30.0 false false false false true X 5 85534 MARKET VALUE 0 false true false Description of other program services Form 990, Part III, Line 4d OTHER SOURCES OF INCOME SUCH AS COMMUNITY EDUCATION, SUMMER CAMPS, AND INDIRECT COST RECOVERY. Review of form 990 by governing body Form 990, Part VI, Section B, Line 11b THE COMPLETED FORM 990 IS DISTRIBUTED TO THE BOARD OF TRUSTEES SEVERAL WEEKS IN ADVANCE OF FILING FOR THEIR REVIEW. Conflict of interest policy Form 990, Part VI, Section B, Line 12c THE VICE PRESIDENT FOR FINANCE AND ADMINISTRATION SHARES COMPLETED CONFLICT OF INTEREST QUESTIONAIRES WITH ALL TRUSTEES IN DECEMBER'S BOARD MEETING. CONFLICTS ARE REVIEWED AND RESOLVED BY THE MEMBERS OF THE EXECUTIVE COMMITTEE. Process used to establish compensation of top management official Form 990, Part VI, Section B, Line 15a THE PRESIDENT'S COMPENSATION IS SET BY THE BOARD OF TRUSTEES AND BASED ON A REVIEW OF PUBLISHED DATA THAT COMPARES SALARIES OF PRESIDENTS AT SIMILAR SIZED INSTITUTIONS. THE COLLEGE HAS IMPLEMENTED A POLICY THAT CALLS FOR AN ANNUAL REVIEW OF SALARIES OF OFFICERS AND KEY EMPLOYEES BY THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES. THEIR REVIEW IS DOCUMENTED IN THE COMMITTEE MINUTES, AND WAS LAST DONE IN SEPTEMBER 2011. Process used to establish compensation of other officers/key employees Form 990, Part VI, Section B, Line 15b THE COMPENSATION OF OFFICERS AND KEY EMPLOYEES IS SET BY THE BOARD OF TRUSTEES AND BASED ON A REVIEW OF PUBLISHED DATA THAT COMPARES SALARIES OF OFFICER AT SIMILAR SIZED INSTITUTIONS. THE COLLEGE HAS IMPLEMENTED A POLICY THAT CALLS FOR AN ANNUAL REVIEW OF SALARIES OF OFFICERS AND KEY EMPLOYEES BY THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES. THEIR REVIEW WAS DOCUMENTED IN THE MAY 2010 MINUTES. Public Disclosure Form 990, Part VI, Section C, Line 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND ITS FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. Other changes in net assets or fund balances Form 990, Part XI, Line 5 NET UNREALIZED GAINS (LOSSES) ON INVESTMENTS - 1581459;