2026-05-14T17:24:05+00:00 2025-06-30 350921680 CROWE LLP 701 13th St NW Suite 852 Washington DC 20005 990 2024-07-01 141468399 Mount Saint Mary College MOUN 8455610800 330 Powell Avenue Newburgh NY 125503412 Susan Shea CFO 2026-05-14 true Steve Lenivy P01635350 2026245555 2026-05-14 2024 2025-03-06 01:10:19Z Dr Robert Gervasi 330 Powell Avenue Newburgh NY 125503412 128842449 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. 19 19 795 19 368180 358742 11393764 4555558 60071463 58479739 1692242 654387 13006011 12005957 86163480 75695641 22045483 21476703 0 29827345 28480112 0 603964 28682860 27530504 80555688 77487319 5607792 -1791678 175053841 161030971 48042397 44286480 127011444 116744491 X As reflected in its motto "Doce 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 false 51631321 21476703 49455847 MOUNT SAINT MARY COLLEGE, A HIGHER EDUCATION INSTITUTION, PROVIDES UNDERGRADUATE AND GRADUATE EDUCATION FOR APPROXIMATELY 2,986 FULL AND PART TIME STUDENTS, REPRESENTING OVER 22 STATES AND 27 COUNTRIES. 13732567 0 5922337 ROOM AND BOARD: THE COLLEGE SEEKS TO OFFER OUR STUDENTS INCLUSIVE COMMUNITIES, SOCIAL, AND EDUCATIONAL OPPORTUNITIES, AND SAFE AND WELL-MAINTAINED RESIDENCE FACILITIES. ALL OF OUR RESIDENCE HALLS ARE NEWLY BUILT OR RECENTLY RENOVATED. APPROXIMATELY 320 STUDENTS CALL OUR RESIDENCE HALLS HOME. 2117653 0 1878734 BISHOP DUNN MEMORIAL SCHOOL: ELEMENTARY SCHOOL OPERATIONS, AN ADJUNCT FACILITY ON THE MOUNT SAINT MARY COLLEGE CAMPUS, WHERE THE MOUNT'S EDUCATION STUDENTS ASSIST AND OBSERVE IN TEACHING, AND MAY COMPLETE FIELD WORK. THIS ON-CAMPUS SCHOOL IS A COMBINED ELEMENTARY SCHOOL AND MIDDLE SCHOOL FOR PRE-K THROUGH GRADE 8 STUDENTS. IT OFFERS A VARIETY OF PROGRAMS, INCLUDING ENRICHMENT FOR HONORS STUDENTS, SPECIAL EDUCATION, VIRTUAL FIELD TRIPS AND OTHER CREATIVE USES OF TECHNOLOGY. INDIVIDUALLY GIFTED PROGRAMS, ON BOTH PRIMARY AND MIDDLE LEVELS, ARE CONDUCTED HERE, AS WELL AS CLASSES FOR CHILDREN WITH LEARNING DISABILITIES. 0 0 1274786 OTHER SOURCES OF INCOME SUCH AS COMMUNITY EDUCATION, SUMMER CAMPS, AND INDIRECT COST RECOVERY. 1274786 67481541 true true false false false false false false false true true false false false true true true false true false true false false false true false false false true true true false false false false false false true false false false false false false false false false false false false false true 2508 0 true 795 true true true false false false false true true false false false false false false X 19 19 false false false false false false false true true false false false true true true true true true true true false false X Susan Shea 8455693212 330 Powell Avenue Newburgh NY 125503412 Ludwig H Bach Chair 6.0 X X 0 0 0 Philip DeAngelo Vice Chair 10.0 X X 0 0 0 Anne Marie Murray PhD Board Member 3.0 X 0 0 0 Beth Jennings Board Member 1.0 X 0 0 0 Christina Bart Bilsky Board Member 10.0 X 0 0 0 Christofer Guarino Board Member 1.0 X 0 0 0 Claude D'Alessandro Board Member 1.0 X 0 0 0 Jake Kosack Board Member 1.0 X 0 0 0 Jeremy Smith Board Member 2.0 X 0 0 0 Jonathan H Gatsik Board Member 2.0 X 0 0 0 Liam O'Brien Esq Board Member (through Sept 2024) 1.0 X 0 0 0 Michael Horodyski Board Member 5.0 X 0 0 0 Sister Constance Kelly OP '95 Board Member 1.5 X 0 0 0 Sister Constance Koch OP '71 Board Member 2.0 X 0 0 0 Sister Patricia Magee OP 88 Board Member 2.0 X 0 0 0 Sister Patricia Sullivan OP Board Member 1.0 X 0 0 0 Sr Catherine McDonnell OP Board Member 6.0 X 0 0 0 Stephen McCarthy Board Member 1.0 X 0 0 0 Valerie Bryant Board Member 1.0 X 0 0 0 William Fioravanti Board Member 3.0 X 0 0 0 Arthur D Glass MBA CPA Vice President for Finance & Administration (through Oct 2024) 35.0 X 239913 0 12911 Brian Moore Executive Director of College Operations 35.0 X 117336 0 6614 Dr Robert Gervasi President 35.0 X 187327 0 33626 Evan Merkhofer Interim Vice President for Academic Affairs 35.0 X 161317 0 34426 Susan Shea Chief Financial Officer 35.0 X 127662 0 7238 Elaine A O'Grady MBA Vice President for Students 35.0 X 181063 0 9753 Kelly Walsh Chief Information and Security Officer 35.0 X 184589 0 900 Kimberly Strano Vice President of Enrollment Management 35.0 X 155216 0 8606 Marilyn Lashlee Interim Dean of Nursing 35.0 X 134173 0 26889 Nidhi Khurana-Baugh Vice President Advancement 35.0 X 162370 0 34475 Fr Gregoire Fluet Former Interim President 35.0 X 127720 0 15838 Tiffany Gagliano Former Chief of Staff 0.0 X 195675 0 10294 1974361 0 201570 36 true true false PARKHURST DINING SERVICES PO BOX 644091 PITTSBURGH NY 152644091 FOOD SERVICES 3429664 OculusIT LLC PO BOX 776800 CHICAGO IL 60677 IT PROVIDER 875000 FOLLETT HIGHER EDUCATION GROUP LLC 2 WESTBROOK CORPORATE CENTER SUITE 200 WESTCHESTER IL 60154 EDUCATIONAL SERVICE PROVIDER 823355 JENZABAR INC PO BOX 845588 BOSTON MA 022845588 TECHNOLOGY SERVICES 353043 FACILITIES MAINTENANCE CORPORATION PO BOX 3689 POUGHKEEPSIE NY 12603 CUSTODIAL SERVICES 298099 24 170703 1919029 2465826 4555558 Tuition and Fee Income 611310 49455847 49455847 Dormitories, Food, Service, Campus Store 611310 5922337 5922337 Elementary School - Pre K to Grade 8 611310 1878734 1878734 Food Services Revenue 611310 361888 361888 Other Program Service Revenue 611310 860933 860933 0 0 0 0 58479739 1288559 368180 920379 7200 18087 -10887 0 -10887 -10887 52292120 117377 52926292 117377 -634172 0 -634172 -634172 49931 170703 85052 -35121 -35121 INVESTMENT SPENDING DESIGNATED FOR CURRENT OPERATIONS 611130 12000000 12000000 SUMMER AND SPORTS CAMPS 611310 51965 51965 0 0 0 0 12051965 75695641 58531704 368180 12240199 21476703 21476703 1026221 1026221 108510 108510 20991233 17914443 2642165 434625 814024 672583 126458 14983 3639221 3006888 565351 66982 1900903 1570612 295304 34987 49239 49239 156549 156549 105168 105168 6236347 4664972 1571375 0 605055 466546 104868 33641 743955 505166 227793 10996 1096273 402046 694227 2357949 2285577 72372 411962 330184 74275 7503 32165 28822 3096 247 1565686 1515879 49807 7876475 7535756 340719 648383 378351 270032 Elementary School 2117653 2117653 Expenditures from Restricted Funds 836640 836640 Maintenance & Repairs 762698 726942 35756 Bad Debt Expense 508605 508605 1419702 937268 482434 0 77487319 67481541 9401814 603964 19149011 10545158 11897068 11618147 4678200 3618035 0 0 0 0 0 0 0 0 1135347 901398 210803228 122662104 94990477 88141124 20152641 38381186 19788389 4042388 262683 235880 0 0 3000025 3547655 175053841 161030971 3313600 2600522 0 0 325552 333652 43858219 41055040 0 0 0 0 0 0 0 0 545026 297266 48042397 44286480 X 108601771 96068309 18409673 20676182 0 0 0 0 0 0 127011444 116744491 175053841 161030971 X -1791678 3524725 -12000000 X false true true true true X 11231987 3359206 2684917 3832463 4555558 25664131 0 0 11231987 3359206 2684917 3832463 4555558 25664131 616869 25047262 857658 1517801 1081139 1238433 1295759 5990790 1688 362180 363868 44127 47829 61679 52984 49931 256550 32275339 316466380 0.77605 0.79096 X Schedule A, Part II, Line 10 Other Income DESCRIPTION - GROSS INCOME FROM FUNDRAISING, COLUMN A - 44127.0, COLUMN B - 47829.0, COLUMN C - 61679.0, COLUMN D - 52984.0, COLUMN E - 49931.0, COLUMN F - 256550.0; RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 11106728 2540493 205738 243849 116263 0 13492847 9730647 1245252 461702 330873 0 0 11106728 9278607 1411900 -222122 737738 0 0 9730647 8284817 1220614 143126 369950 0 0 9278607 6562111 1266707 681285 225286 0 0 8284817 0.0 0.6706 0.3294 false false 749591 749591 185836208 103287772 82548436 15790356 12357106 3433250 8427073 7017226 1409847 88141124 Federal Income Taxes Derivative Liability Government Grants Refundable 50866 Conditional asset retirement obligation Capital Lease Obligation Service Contract Liabilty 246400 297266 X 57846802 3524725 0 3524725 54322077 21373564 21373564 75695641 56113755 103139 103139 56010616 21476703 21476703 77487319 Schedule D, Part V, Line 4 Intended uses of endowment funds The portion of the permanent endowment funds that is required to be retained by explicit donor restriction is as follows for FISCAL YEAR 2025: - restricted for scholarship support $6,766,216 - restricted for institutional support $2,281,441 Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote 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, 2025 and 2024. The College would recognize interest and penalties related to unrecognized tax benefits in interest and income tax expense, respectively. The College has not incurred any interest or penalties for the years ended June 30, 2025 and 2024. Schedule D, Part XI, Line 4(b) Other revenues in form 990 not in audited financial statements INSTITUTIONAL AID - 21476703 RENTAL EXPENSE - -18087 FUNDRAISING EXPENSE - -85052 Schedule D, Part XII, Line 2(d) Other expenses in audited financial statements not in form 990 RENTAL EXPENSE - 18087 FUNDRAISING EXPENSE - 85052 Schedule D, Part XII, Line 4(b) Other expenses in form 990 not in audited financial statements INSTITUTIONAL AID - 21476703 true true true true true true true false false false false false false false false true false true Schedule E, Part I, Line 3 RACIALLY NONDISCRIMINATORY POLICY The college publishes an annual notice of its nondiscriminatory policy in a local newspaper during the academic year and online in several locations on the College's publicly accessible internet page (links can be found below to these locations). The notice complies with IRS Guidelines. 1. TITLE IX AND DIVERSITY WEBPAGE: HTTPS://WWW.MSMC.EDU/TITLE-IX/ 2. SEXUAL MISCONDUCT AND GRIEVANCE POLICY: https://msmc.s3.amazonaws.com/files/resources/title-ix-sexual-misconduct-policy-2025.pdf 3. STUDENT HANDBOOK: https://msmc.s3.amazonaws.com/files/resources/msmc-studenthandbook.pdf Schedule E, Part I, Line 6(a) FINANCIAL AID OR ASSISTANCE FROM A GOVERNMENT The college receives federal Pell, Workstudy, SEOG, NYS TAP and other state scholarship funds. Central America and the Caribbean 0 0 Investments 2569256 Europe (Including Iceland and Greenland) 0 0 Program Services STUDY ABROAD PROGRAM 33089 0 0 0 0 0 0 2602345 0 2602345 true false true true true false Schedule F, Part I, Line 3 Method used to account for expenditures on org's financial statements CENTRAL AMERICA AND THE CARIBBEAN-Accrual; EUROPE (INCLUDING ICELAND AND GREENLAND)-Accrual GOLF 110508 71705 38803 36326 10649 GALA 110126 98998 11128 38077 0 220634 170703 49931 36326 48726 85052 -35121 true SCHOLARSHIPS 1051 21476703 Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds The organization has controls in place to ensure that scholarship aid provided to students is used for authorized purposes. Additional detail is available upon request. X X true true X X true false false false false false false false false Fr Gregoire Fluet Former Interim President 127720 0 0 0 0 0 6386 0 9452 0 143558 0 0 0 Arthur D Glass MBA CPA Vice President for Finance & Administration (through Oct 2024) 112964 0 0 0 126949 0 11767 0 1144 0 252824 0 0 0 Evan Merkhofer Interim Vice President for Academic Affairs 160969 0 0 0 348 0 8498 0 25928 0 195743 0 0 0 Dr Robert Gervasi President 184855 0 0 0 2472 0 8750 0 24876 0 220953 0 0 0 Tiffany Gagliano Former Chief of Staff 129457 0 0 0 66218 0 9805 0 489 0 205969 0 0 0 Nidhi Khurana-Baugh Vice President Advancement 161844 0 0 0 526 0 8541 0 25934 0 196845 0 0 0 Elaine A O'Grady MBA Vice President for Students 179515 0 0 0 1548 0 8755 0 998 0 190816 0 0 0 Kelly Walsh Chief Information and Security Officer 182708 0 0 0 1881 0 67 0 833 0 185489 0 0 0 Kimberly Strano Vice President of Enrollment Management 154500 0 0 0 716 0 7725 0 881 0 163822 0 0 0 Marilyn Lashlee Interim Dean of Nursing 133946 0 0 0 227 0 1429 0 25460 0 161062 0 0 0 Schedule J, Part I, Line 1a Housing allowance or residence for personal use College provides housing for the President as part of his employment contract. Pursuant to IRC Sec. 119, Housing provided to the President is nontaxable. Schedule J, Part I, Line 1a Health or social club dues or initiation fees The College provides the President with a club membership as part of his employment contract. The club membership is used solely for business purposes and as such is nontaxable. Schedule J, Part I, Line 4a Severance or change-of-control payment Arthur D. Glass - $122,377 Tiffany Gagliano - $66,218 A Orange County Funding Corporation 273179651 684594AT1 2012-12-21 40087992 renovation of Dominican Center and refund 2003 bond issue false false false B Public Finance Authority 273866124 000000000 2017-10-17 3926000 Equipment- Energy Efficient Improvement false false false C Orange County Funding Corporation 273179651 684594BV5 2022-09-29 17428408 refunding of Series 2012C and funding termination of Series 2012C swap false false false A 14130000 0 40087992 0 0 0 576058 0 0 22306669 17205265 0 2013 false true true true B 2944500 0 3926000 0 0 0 78520 0 0 3847480 0 0 2018 false false true true C 635000 0 17428408 0 0 0 346097 0 0 0 17082311 0 2023 true false true true A false false true true false false 0.02 0.0 0.02 false false 0 false false B false false false false false false 0.0 0.0 0.0 false false 0 false false C false false false false false false 0.0 0.0 0.0 true false 0 false false A false false true false false false 0 false false false 0 false false true B false false false true false false 0 false false false 0 false false true C false false true false false false 0 false false false 0 false false true A false B false C false Schedule K, Part I Orange County Funding Corporation: CUSIP- 684594AT1 Proceeds of $17,205,265 was used to advance refund series 2003 Bond, and non-refunding proceeds of $22,306,668 used for the renovation of the Dominican Center, and pay off the original loan for the purchase of the Dominican Center. Schedule K, Part I Orange County Funding Corporation Advance refund 2005 Bond that was reoffered in 2008 by the Dormitory Authority of the State of New York Schedule K, Part VI POST-ISSUANCE COMPLIANCE POLICIES S Applicable for Schedule K, Part III, line 9; Part IV, line 7; Part V: The college does not have a written Post-Issuance Tax-Exempt Bond Compliance Policy. The Vice President for Finance and Administration has primary responsibility for monitoring and ensuring post issuance compliance with tax-exempt bond regulations. This includes, but is not limited to analyzing and reviewing activities that involve private business use, keeping current with tax-exempt bond developments and consulting with college bond counsel and other experts on an as needed basis to ensure continued compliance with federal regulations. Schedule K, Part IV, Line 2c COLUMN B Issuer name: Public Finance Authority The calculation for computing no rebate due was performed on 12/16/2022 7115 TUITION WAIVER ACADEMIC Form 990, Part III, Line 4a-4c Description of program services (Expenses $ 0 including grants of $ 0)(Revenue $ 1,274,786) OTHER SOURCES OF INCOME SUCH AS COMMUNITY EDUCATION, SUMMER CAMPS, AND INDIRECT COST RECOVERY. Form 990, Part VI, Line 1a Delegate broad authority to a committee Article VIII: Committees of the Board of Trustees: VIII-2-The Executive Committee shall be comprised of all standing committee Chairs. At his discretion, the Chair may appoint an additional member of the board to the Executive Committee. Such Executive Committee shall have and exercise, in the intervals between meetings of the full Board, all powers and authority vested in the full Board under Article 5, Section 226 of the Education Law, except those powers specifically withheld by said Section 226, sub-section 2. Form 990, Part VI, Line 11b Review of form 990 by governing body The completed Form 990 is distributed to the Board of Trustees in advance of filing for their review. Form 990, Part VI, Line 12c Conflict of interest policy The CFO shares completed conflict of interest questionnaires with all Trustees in December's Board Meeting. Conflicts are reviewed and resolved by the members of the Executive Committee. Trustees, officers, and all with purchasing power who have declared or been found to have a conflict or potential conflict of interest shall refrain from voting on proposed transactions. Such persons may participate in deliberations concerning any proposed transaction only with the consent of no less than two-thirds of those present at any meeting where such matters are being discussed. Form 990, Part VI, Line 15a Process to establish compensation of top management official The President's compensation is set by the Board of Trustees and based on a review of published data that compares salaries of officer at similar sized institutions. Their salary is reviewed and adjusted in connection with an annual budget approval process. College policy 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 as part of the annual budget approval process. Form 990, Part VI, Line 15b Process to establish compensation of other employees 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. College policy 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 as part of the annual budget approval process. Form 990, Part VI, Line 19 Required documents available to the public The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request. Form 990, Part XI, Line 9 Other changes in net assets or fund balances INVESTMENT SPENDING DESIGNATED FOR CURRENT OPERATIONS - -12000000; Total - -12000000;