2026-05-11T14:15:46-05:00 2025-06-30 991856619 GRANT THORNTON ADVISORS LLC 757 THIRD AVENUE 9TH FLOOR NEW YORK NY 100172013 990 2024-07-01 131967321 MERCY UNIVERSITY MERC 9146747213 555 BROADWAY DOBBS FERRY NY 10522 JOSEPH DEL TORO CHIEF FINANCIAL OFFICER 9146747213 2026-05-11 1 1 DANIEL ROMANO P00504182 2125990100 2024 2025-03-06 01:10:19Z SUSAN PARISH 555 BROADWAY DOBBS FERRY NY 10522 310779387 0 X WWW.MERCY.EDU X 1950 NY EDUCATE STUDENTS IN LIBERAL ARTS, SCIENCES, BUSINESS, EDUCATION AND PROFESSIONAL PROGRAMS. 23 16 2508 17 -481132 0 14483591 17251294 177257477 187817094 9342058 21705894 1585102 1176519 202668228 227950801 39650901 44333890 0 0 92997163 97735616 0 6300 1501932 73133997 72154906 205782061 214230712 -3113833 13720089 696385098 726585185 250955625 251715078 445429473 474870107 X MERCY UNIVERSITY IS COMMITTED TO PROVIDING MOTIVATED STUDENTS THE OPPORTUNITY TO TRANSFORM THEIR LIVES THROUGH HIGHER EDUCATION BY OFFERING LIBERAL ARTS AND PROFESSIONAL PROGRAMS IN PERSONALIZED AND HIGH QUALITY LEARNING ENVIRONMENTS, THUS PREPARING (SEE SCHEDULE O) STUDENTS TO EMBARK ON REWARDING CAREERS, TO CONTINUE LEARNING THROUGHOUT THEIR LIVES AND TO ACT ETHICALLY AND RESPONSIBLY IN A CHANGING WORLD. 0 0 170906358 44333890 188060746 MERCY UNIVERSITY IS A PRIVATE, NON-SECTARIAN, NON-PROFIT INSTITUTION ACCREDITED BY THE MIDDLE STATES COMMISSION ON HIGHER EDUCATIONANDDRIVEN BY A STUDENT-CENTERED MISSION: TO CHANGE LIVES THROUGH THE POWER OF HIGHER EDUCATION. FOUNDED IN 1950 BY THE SISTERS OF MERCY, THE INSTITUTION HAS GROWN FROM A JUNIOR COLLEGE TO A COMPREHENSIVE UNIVERSITY OFFERING OVER 100 UNDERGRADUATE AND GRADUATE DEGREE AND CERTIFICATE PROGRAMS ACROSS SIX SCHOOLS: BUSINESS, EDUCATION, HEALTH AND NATURAL SCIENCES, LIBERAL ARTS, NURSING, AND SOCIAL AND BEHAVIORAL SCIENCES. IN 2023, MERCY RECEIVED APPROVAL FROM THE REGENTS OF THE UNIVERSITY OF THE STATE OF NEW YORK TO AMEND ITS CHARTER AND OFFICIALLY TRANSITION FROM MERCY COLLEGE TO MERCY UNIVERSITY. (SEE SCHEDULE O)SERVING NEARLY 9,000 UNDERGRADUATE AND GRADUATE STUDENTS ANNUALLY, MERCY IS KNOWN FOR ITS HIGH-QUALITY EDUCATION, PERSONALIZED STUDENT EXPERIENCE, TALENTED FACULTY, AND AFFORDABILITY.THE UNIVERSITY'S FOOTPRINT COMPRISES ITS MAIN CAMPUS IN DOBBS FERRY, NY; TWO SATELLITE CAMPUSES IN THE BRONX AND MANHATTAN IN NEW YORK CITY;AND ONLINE. THE UNIVERSITY SPONSORS INTERCOLLEGIATE ATHLETIC COMPETITIONS IN TEN VARSITY SPORTS AT THE NATIONAL COLLEGIATE ATHLETIC ASSOCIATION (NCAA) DIVISION II LEVEL. MERCY'SSTUDENT BODY REFLECTS THE RICH DIVERSITY OF THE NEW YORK METROPOLITAN AREA.AS AN EXAMPLE, IN 2025, MERCY UNIVERSITY EARNED THE SEAL OF EXCELENCIA RECERTIFICATION, AN AWARD GIVEN TO SELECT COLLEGES AND UNIVERSITIES THAT DEMONSTRATE EXCELLENCE IN ENSURING HISPANIC STUDENTS ARE POSITIONED TO SUCCEED. MERCY'S FACULTY INCLUDES FULBRIGHT SCHOLARS, PUBLISHED AUTHORS, AND RECOGNIZED PROFESSIONALS WHO INTEGRATE REAL-WORLD EXPERTISE WITH ACADEMIC INSTRUCTION. THEIR COMMITMENT TO EFFECTIVE TEACHING AND COMMUNITY SERVICE REFLECTS THE UNIVERSITY'S MISSION TO TRANSFORM LIVES THROUGH HIGHER EDUCATION. 170906358 1 1 0 0 0 0 0 1 0 1 1 1 0 1 1 1 1 0 1 0 1 0 1 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 1057 0 1 2508 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 23 16 1 0 1 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 X JOSEPH DEL TORO CFO 9146747213 555 BROADWAY DOBBS FERRY NY 10522 SUSAN PARISH PRESIDENT 35.00 0.00 X X 567734 0 89400 RICHARD AKS - INTERIM CFO (THRU 05/2025)/TRUSTEE 35.00 0.00 X X 103216 0 0 JOSEPH GANTZ CHAIRMAN 1.00 0.00 X X 0 0 0 CINDY V LOPEZ VICE CHAIRMAN 1.00 0.00 X X 0 0 0 PATRICIA BLACKMAR TRUSTEE 1.00 0.00 X 0 0 0 GARY BERNSTEIN TRUSTEE 1.00 0.00 X 27930 0 0 JOSEPH P CARLUCCI ESQ TRUSTEE 1.00 0.00 X 0 0 0 VALERIE MASON CUNNINGHAM TRUSTEE 1.00 0.00 X 0 0 0 ALEX FERRARI TRUSTEE 1.00 0.00 X 0 0 0 BRUCE J HABER TRUSTEE 1.00 0.00 X 0 0 0 MICHAEL F HAYES TRUSTEE 1.00 0.00 X 0 0 0 JAMES B JENKINS TRUSTEE 1.00 0.00 X 0 0 0 DAVID L JOHNSON TRUSTEE 1.00 0.00 X 0 0 0 SUSAN M MAKLARI TRUSTEE 1.00 0.00 X 0 0 0 JAMES M MCCORMICK TRUSTEE 1.00 0.00 X 0 0 0 ROBERT H NIEHAUS TRUSTEE 1.00 0.00 X 0 0 0 SARAH A O'CONNOR ESQ TRUSTEE 1.00 0.00 X 3600 0 0 CARLOS S PASSI TRUSTEE 1.00 0.00 X 10600 0 0 MICHELE A QUIROLO TRUSTEE 1.00 0.00 X 23400 0 0 CHRISTOPHER SOBECKI TRUSTEE 1.00 0.00 X 0 0 0 JOHN R THOMPSON TRUSTEE 1.00 0.00 X 0 0 0 MARLENE M TUTERA TRUSTEE 1.00 0.00 X 0 0 0 GREGORY H WILLIAMS TRUSTEE 1.00 0.00 X 0 0 0 JESSICA L HABER CHIEF OF STAFF (THRU 05/2025) 35.00 0.00 X 296100 0 52548 KRISTEN M BURKE GENERAL COUNSEL/ACTING SECRETARY 35.00 0.00 X 260597 0 75142 BRETT CARROLL - CHIEF FINANCIAL OFFICER (THRU 08/2024) 35.00 0.00 X 288146 0 31209 GENEVIEVE GULBRANDSEN CONT. & ASST. TREAS. (AS OF 02/2024) 35.00 0.00 X 160125 0 46982 JOSEPH DEL TORO - CHIEF FINANCIAL OFFICER (AS OF 03/2025) 35.00 0.00 X 0 0 0 EVA FERNANDEZ PROVOST (THRU 05/2025) 35.00 0.00 X 467399 0 73321 THOMAS SIMMONDS VP, OPERATIONS & FACILITIES 35.00 0.00 X 333685 0 62036 ADAM J CASTRO VP, ADMISSIONS 35.00 0.00 X 343552 0 52152 PETER H WEST INTERIM PROVOST 35.00 0.00 X 197133 0 74079 SCORPIO K ROGERS VP, COMMUNITY RELATIONS & GOV 35.00 0.00 X 239840 0 17117 KRISTIN GREENWOOD PROVOST AND SR. VP, ACADEMIC AFFAIRS 35.00 0.00 X 173805 0 32420 CAMILLE SHELLEY CHIEF INFORMATION OFFICER 35.00 0.00 X 283902 0 78087 KENYA BEARD DEAN, SCHOOL OF NURSING 35.00 0.00 X 287711 0 73589 BRIAN AMKRAUT - VP WORKFORCE CRED. & COMM. IMPACT (THRU 06/2025) 35.00 0.00 X 231730 0 102017 BERNADETTE WADE CHIEF ADVANCEMENT OFFICER 35.00 0.00 X 239185 0 78238 KEVIN JOYCE VP, STUDENT AFFAIRS 35.00 0.00 X 256042 0 52658 4795432 0 990995 155 0 1 0 UG2 LLC 116 HUNTINGTON AVENUE BOSTON MA 02116 FACILITY MANAGEMENT 5489293 ELLUCIAN COMPANY LP 62590 COLLECTIONS CENTER DRIVE CHICAGO IL 60693 INFORMATION TECHNOLOGY 4709389 COMPASS GROUP USA INC 2400 YORKMONT ROAD CHARLOTTE SC 282174511 FOOD SERVICE 3865590 DOUGHERTY CLIFFORD & WADSWORTH CORP 895 MARCONI AVENUE RONKONKOMA NY 11779 ADVERTISNG 3097397 EAB GLOBAL INC 2445 M STREET NW WASHINGTON DC 20037 EDUCATIONAL SERVICES 1417437 39 412365 13997024 2841905 361942 17251294 GROSS TUITION & FEES 611310 176529866 176529866 AUXILIARY INCOME 721310 10895607 10895607 INTERNATIONAL ADMISSIONS 611310 341929 341929 SPEECH & HEARING CLINIC 611310 49692 49692 187817094 5077402 -481132 5558534 838399 0 838399 838399 838399 99276595 41936 82690039 0 16586556 41936 16628492 16628492 77925 412365 138547 -60622 -60622 CAREER & PROF. DEV 611310 111891 111891 ATHLETIC INCOME 611620 98156 98156 RECOVERIES 900099 92435 92435 96260 33605 62655 398742 227950801 188060746 -481132 23119893 43395708 43395708 938182 938182 4137513 3220790 884183 32540 614520 483681 126005 4834 71433351 56968935 13902267 562149 3595281 2419982 1147120 28179 11891254 8003997 3794055 93202 6063697 4081472 1934699 47526 529685 529685 226200 226200 6300 6300 1297422 1297422 16301542 10230279 5973728 97535 3279299 875 3220271 58153 2611147 1228702 1335121 47324 5291872 2632253 2596870 62749 16105177 15076629 866611 161937 2218049 1495319 710095 12635 1283355 1013589 190893 78873 1945111 1808953 116707 19451 9301328 8650235 558080 93013 1199645 2346 1197299 SUPPLIES AND SERVICES 4939682 4187587 675667 76428 STUDENT FOOD SERVICES 2983631 2786286 197345 MAINTENANCE 1806834 1570766 219226 16842 BAD DEBT 283000 182493 100507 551927 527299 22366 2262 214230712 170906358 41822422 1501932 43143780 61153945 16231355 16632351 4126083 1961186 17526042 15584277 320852 1110472 1660516 223075317 118278005 105680944 104797312 94356554 90009381 235573123 263173249 178315893 171612968 696385098 726585185 8653916 13778478 5148920 7020486 38088840 38027148 7813149 6635317 191250800 186253649 250955625 251715078 X 423085791 450570753 22343682 24299354 445429473 474870107 696385098 726585185 X 13720089 20955694 -5235149 X 0 1 X 1 1 1 X 16143984 38847535 25777184 14483591 17251294 112503588 16143984 38847535 25777184 14483591 17251294 112503588 112503588 2026226 2079786 4457778 5655921 6396933 20616644 34122 34122 777198 758470 309984 844033 233015 2922700 136077054 882798795 0.82680 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: SPECIAL EVENTS - 2020 AMOUNT: $ 26,910. 2021 AMOUNT: $ 59,041. 2022 AMOUNT: $ 49,270. 2023 AMOUNT: $ 280,730. 2024 AMOUNT: $ 77,925. INSURANCE PROCEEDS - 2020 AMOUNT: $ 53,439. RECOVERIES - 2020 AMOUNT: $ 40,194. 2021 AMOUNT: $ 285,800. 2022 AMOUNT: $ 11,878. 2023 AMOUNT: $ 95,121. 2024 AMOUNT: $ 92,435. OTHER INCOME - 2020 AMOUNT: $ 656,655. 2021 AMOUNT: $ 413,629. 2022 AMOUNT: $ 248,836. 2023 AMOUNT: $ 468,182. 2024 AMOUNT: $ 62,655. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 174270 X 0 336521742 1429141 40122549 8277719 1297241 368498472 325791538 95137 26424697 14314224 1475406 336521742 295698647 658535 31329512 549322 1345834 325791538 321745463 6190017 -23110333 7945114 1181386 295698647 249360142 703397 72820500 336395 802181 321745463 0.94660 0.01600 0.03740 0 0 6520561 6520561 133942375 59613102 74329273 38683979 26238698 12445281 31908642 28866608 3042034 12019760 3559597 8460163 104797312 PRIVATE EQUITY FUNDS 104890573 F LIMITED PARTNERSHIPS 89379305 F HEDGE FUNDS 49090615 F DIVERSIFIED COMMINGLED FUNDS 19812756 F 263173249 OPERATING LEASE RIGHT-OF-USE ASSETS 170528963 DEPOSITS HELD BY BOND TRUSTEES 1060420 VENDOR DEPOSITS 23585 171612968 LEASE OBLIGATIONS 181802728 CONDITIONAL ASSET RETIREMENT OBLIGATION 3283658 ADVANCES FROM FEDERAL GOVERNMENT FOR STUDENT LOANS 1167263 186253649 X 203135860 20955694 -44611760 -23656066 226791926 1297422 -138547 1158875 227950801 173695226 5095826 5095826 168599400 1297422 44333890 45631312 214230712 PART V, LINE 4: PERMANENTLY RESTRICTED NET ASSETS ARE RESTRICTED TO INVESTMENT IN PERPETUITY WITH INVESTMENT RETURN PRINCIPALLY AVAILABLE FOR SCHOLARSHIPS. PART X, LINE 2: THE UNIVERSITY BELIEVES IT HAS NO UNCERTAIN TAX POSITIONS AS OF JUNE 30, 2025 AND 2024 IN ACCORDANCE WITH ACCOUNTING STANDARDS CODIFICATION ("ASC") TOPIC 740, "INCOME TAXES," WHICH PROVIDES STANDARDS FOR ESTABLISHING AND CLASSIFYING ANY TAX PROVISIONS FOR UNCERTAIN TAX POSITIONS. PART XI, LINE 2D - OTHER ADJUSTMENTS: SCHOLARSHIPS -44,333,890. LOSS ON INTEREST RATE SWAPS -277,870. PART XI, LINE 4B - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EXPENSES -138,547. PART XII, LINE 2D - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EXPENSES 138,547. UNCOLLECTIBLE STUDENT TUITION (BAD DEBT) 4,957,279. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS 44,333,890. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 MERCY UNIVERSITY 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. THE UNIVERSITY IS RECOGNIZED AS A MINORITY SERVING INSTITUTION. SCHEDULE E, PART I, LINE 6 MERCY UNIVERSITY RECEIVES FUNDS FROM OR PERFORMS ADMINISTRATIVE DUTIES FOR VARIOUS FEDERAL AND STATE GOVERNMENTAL AGENCIES UNDER THEIR RESPECTIVE STUDENT FINANCIAL AID ASSISTANCE PROGRAMS. FEDERAL PROGRAMS INCLUDE THE PELL GRANT PROGRAM, SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANT (SEOG) PROGRAM, COLLEGE WORK STUDY (CWS) PROGRAM AND VARIOUS LOAN PROGRAMS. 1 CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS INVESTMENTS 125205744 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 INVESTMENTS INVESTMENTS 5539384 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 GRANTMAKING 361886 SOUTH AMERICA 0 0 GRANTMAKING 159532 SOUTH ASIA 0 0 GRANTMAKING 119000 MIDDLE EAST AND NORTH AFRICA 0 0 GRANTMAKING 89136 CENTRAL AMERICA AND THE CARIBBEAN 0 0 GRANTMAKING 66500 NORTH AMERICA 0 0 GRANTMAKING 45928 EAST ASIA AND THE PACIFIC 0 0 GRANTMAKING 45000 RUSSIA AND NEIGHBORING STATES 0 0 GRANTMAKING 27450 SUB-SAHARAN AFRICA 0 0 GRANTMAKING 23750 0 0 0 0 0 0 131587110 96200 131683310 SCHOLARSHIPS EUROPE (INCLUDING ICELAND & GREENLAND) 49 361886 WIRE SCHOLARSHIPS SOUTH AMERICA 24 159532 WIRE SCHOLARSHIPS SOUTH ASIA 34 119000 WIRE SCHOLARSHIPS MIDDLE EAST AND NORTH AFRICA 10 89136 WIRE SCHOLARSHIPS CENTRAL AMERICA AND THE CARIBBEAN 10 66500 WIRE SCHOLARSHIPS NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES 4 45928 WIRE SCHOLARSHIPS EAST ASIA AND THE PACIFIC 11 45000 WIRE SCHOLARSHIPS RUSSIA AND NEIGHBORING STATES 8 27450 WIRE SCHOLARSHIPS SUB-SAHARAN AFRICA 5 23750 WIRE 1 0 1 1 1 0 PART I, LINE 2: FROM TIME TO TIME, THE UNIVERSITY UTILIZES GRANT FUNDS FOR ACTIVITIES OUTSIDE THE UNITED STATES, GENERALLY FOR GRANT-RELATED INTERNATIONAL TRAVEL BY PRINCIPAL INVESTIGATORS (PIS), PROJECT DIRECTORS (PDS), OR OTHER GRANT PROJECT PERSONNEL. IN THOSE LIMITED INSTANCES, THE FOLLOWING PROCEDURES AND CONTROLS ARE IN PLACE TO ENSURE COMPLIANCE AND PROPER MONITORING: TRAVEL POLICY COMPLIANCE: ALL GRANT-FUNDED TRAVEL, INCLUDING INTERNATIONAL TRAVEL, MUST COMPLY WITH THE UNIVERSITY'S TRAVEL AND EXPENSE POLICY. FUNDING AGENCY RESTRICTIONS: GRANT PERSONNEL ARE REQUIRED TO ADHERE TO ANY TRAVEL RESTRICTIONS IMPOSED BY THE RESPECTIVE FUNDING AGENCY. PRIOR APPROVAL REQUIREMENT: ANY PI OR PD SEEKING TO CONDUCT INTERNATIONAL TRAVEL USING GRANT FUNDS MUST OBTAIN ADVANCE WRITTEN APPROVAL FROM THE GRANTING AGENCY BEFORE TRAVEL IS AUTHORIZED OR EXPENSES ARE INCURRED. GIVEN THE LIMITED SCOPE OF GRANT FUND USAGE OUTSIDE OF THE US, NO ADDITIONAL COUNTRY-SPECIFIC MONITORING PROCEDURES ARE DEEMED NECESSARY. SHOULD THE UNIVERSITY'S GRANT ACTIVITIES EXPAND INTERNATIONALLY, PROCEDURES WILL BE UPDATED WHERE APPROPRIATE. SCHEDULE F, PART IV: MERCY UNIVERSITY INVESTS IN DOMESTIC AND FOREIGN LIMITED PARTNERSHIPS THAT MAY OWN AN INTEREST IN A FOREIGN CORPORATION, PASSIVE FOREIGN INVESTMENT COMPANY, OR FOREIGN PARTNERSHIP. NEVERTHELESS, THE UNIVERSITY'S ACTIVITIES MAY NOT REACH THRESHOLDS REQUIRED FOR FILING FORMS 926, 5471, 8621, OR 8865. TO THE EXTENT SUCH A FORM WAS COMPLETED, IT HAS BEEN FILED WITH THE ORGANIZATION'S FORM 990-T. TRUSTEES DINNER 404772 370847 33925 36635 19910 15787 GOLF CLASSIC 85518 41518 44000 35260 3748 3820 23387 490290 412365 77925 71895 3748 23730 39174 138547 -60622 1 SCHOLARSHIPS, DISCOUNTS, AND EXPENDITURES 5573 43395708 PART I, LINE 2: THE SCHOLARSHIP GRANTS IN SCHEDULE I ARE MONITORED IN ACCORDANCE WITH THE STUDENT FINANCIAL AID RULES AND THE AMOUNT OF AID THAT INDIVIDUALS ARE SUPPOSED TO RECEIVE. THE DISCOUNTS AND EXPENDITURES ARE MONITORED BY AGREEMENTS WITH CERTAIN GROUPS AND IF THE STUDENT IS PART OF THAT COHORT, THEY RECEIVE A DISCOUNTED RATE ON TUITION, WHICH IN EFFECT TRANSLATES TO AID. X X 1 1 X X 1 0 0 0 0 0 0 1 0 SUSAN PARISH PRESIDENT 561800 0 0 0 5934 0 86200 0 3200 0 657134 0 0 0 EVA FERNANDEZ PROVOST (THRU 05/2025) 327632 0 136575 0 3192 0 60335 0 12986 0 540720 0 0 0 THOMAS SIMMONDS VP, OPERATIONS & FACILITIES 285889 0 43697 0 4099 0 29744 0 32292 0 395721 0 0 0 ADAM J CASTRO VP, ADMISSIONS 293470 0 43500 0 6582 0 38685 0 13467 0 395704 0 0 0 CAMILLE SHELLEY CHIEF INFORMATION OFFICER 246034 0 37454 0 414 0 36053 0 42034 0 361989 0 0 0 KENYA BEARD DEAN, SCHOOL OF NURSING 286937 0 0 0 774 0 56862 0 16727 0 361300 0 0 0 JESSICA L HABER CHIEF OF STAFF (THRU 05/2025) 253466 0 42454 0 180 0 31535 0 21013 0 348648 0 0 0 KRISTEN M BURKE GENERAL COUNSEL/ACTING SECRETARY 250327 0 10000 0 270 0 33173 0 41969 0 335739 0 0 0 BRIAN AMKRAUT - VP WORKFORCE CRED. & COMM. IMPACT (THRU 06/2025) 210956 0 10000 0 10774 0 50648 0 51369 0 333747 0 0 0 BRETT CARROLL - CHIEF FINANCIAL OFFICER (THRU 08/2024) 181715 0 30172 0 76259 0 31209 0 0 0 319355 0 0 0 BERNADETTE WADE CHIEF ADVANCEMENT OFFICER 225365 0 11534 0 2286 0 51365 0 26873 0 317423 0 0 0 KEVIN JOYCE VP, STUDENT AFFAIRS 241271 0 12485 0 2286 0 22585 0 30073 0 308700 0 0 0 PETER H WEST INTERIM PROVOST 191719 0 5000 0 414 0 71029 0 3050 0 271212 0 0 0 SCORPIO K ROGERS VP, COMMUNITY RELATIONS & GOV 208983 0 23460 0 7397 0 5704 0 11413 0 256957 0 0 0 GENEVIEVE GULBRANDSEN CONT. & ASST. TREAS. (AS OF 02/2024) 156125 0 4000 0 0 0 15000 0 31982 0 207107 0 0 0 KRISTIN GREENWOOD PROVOST AND SR. VP, ACADEMIC AFFAIRS 138500 0 10652 0 24653 0 30920 0 1500 0 206225 0 0 0 PART I, LINE 1A IN CALENDAR YEAR 2024, KRISTEN GREENWOOD RECEIVED A HOUSING ALLOWANCE IN THE AMOUNT OF $24,540. THIS AMOUNT IS INCLUDED IN SCHEDULE J, PART II, COLUMN B(III). HOUSING ALLOWANCE INCLUDED PERSONAL SERVICES RELATED TO THE HOUSING. PART I, LINE 4A IN CALENDAR YEAR 2024, BRETT CARROLL RECEIVED A SEVERANCE PAYMENT IN THE AMOUNT OF $76,000 DUE TO HIS DEPARTURE FROM THE UNIVERSITY. THIS AMOUNT IS REPORTED IN SCHEDULE J, PART II, COLUMN B(III). PART I, LINE 7 BONUSES ARE APPROVED BY THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES. PART II, COLUMN B(III): THE AMOUNTS REPORTED IN SCHEDULE J, PART II, COLUMN (B)(III) FOR EVA FERNANDEZ, THOMAS SIMMONDS, AND ADAM CASTRO INCLUDE THE TAXABLE PORTION OF A CAR ALLOWANCE. A DOBBS FERRY LOCAL DEVELOPMENT CORPORATION 800668125 256048AA7 2014-07-31 8221072 INFRASTRUCTURE IMPROVEMENTS 0 0 0 B DOBBS FERRY LOCAL DEVELOPMENT CORPORATION 800668125 256048AB5 2014-07-31 13692206 INFRASTRUCTURE IMPROVEMENTS 0 0 0 C DOBBS FERRY LOCAL DEVELOPMENT CORPORATION 800668125 256048AC3 2014-07-31 17391080 INFRASTRUCTURE IMPROVEMENTS 0 0 0 A 8221072 135214 8119786 2015 0 0 0 1 B 13692206 205810 12359190 2015 0 0 0 1 C 17391080 262647 15772353 2015 0 0 0 1 A 0 0 0 0 0 0 1 B 0 0 0 0 0 0 1 C 0 0 0 0 0 0 1 A 0 0 0 1 0 0 0 0 1 B 0 0 0 1 0 0 0 0 1 C 0 0 0 1 0 0 0 0 1 A 1 B 1 C 1 JESSICA L HABER FAM MBER OF TRUSTEE 614520 EMPL. COMP. 0 SCHEDULE L, PART IV: ALL TRANSACTIONS DISCLOSED ON SCHEDULE L ARE MADE AT ARMS-LENGTH TERMS AND NONE ARE INFLUENCED BY THE RELATIONSHIPS THAT EXIST WITH THE INTERESTED PERSONS. X 5 149566 FAIR MARKET VALUE X LAB SUPPLIES 1 120000 COST X AUCTION ITEMS 35 87861 COST X MARKET GOODS 65 4515 COST 0 1 1 PART I, COLUMN (B): THE NUMBER IN COLUMN (B) REPRESENTS THE NUMBER OF CONTRIBUTORS. PART I, LINE 32B: MERCY UNIVERSITY USES CHARITY BUZZ AND GRAND STAND SPORTS, AN ONLINE AUCTION SERVICE, TO AUCTION DONATED GOODS. FORM 990, PART VI, SECTION A, LINE 2 OFFICER, JESSICA L. HABER AND TRUSTEE, BRUCE J. HABER HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION A, LINE 4 DURING FISCAL YEAR 2025, THE UNIVERSITY AMENDED ITS BYLAWS TO REFLECT ITS NAME CHANGE TO "MERCY UNIVERSITY." IN ADDITION, THE AMENDED BYLAWS UPDATED CERTAIN FINANCIAL GOVERNANCE PROVISIONS, INCLUDING INCREASING CONTRACT APPROVAL THRESHOLDS SUBJECT TO FINANCE AND CONTROL COMMITTEE REVIEW AND ENHANCING OVERSIGHT OF ENDOWMENT DISTRIBUTIONS. FORM 990, PART VI, SECTION B, LINE 11B THE UNIVERSITY'S FORM 990 IS PREPARED IN COLLABORATION BETWEEN A PROFESSIONAL TAX SERVICES FIRM AND THE UNIVERSITY'S FINANCIAL DEPARTMENT. IT UNDERGOES A THOROUGH REVIEW BY MANAGEMENT BEFORE BEING PRESENTED TO THE AUDIT COMMITTEE AND THE BOARD MEMBERS FOR THEIR APPROVAL. ONCE FINALIZED, A COPY OF THE COMPLETED FORM 990 IS PROVIDED TO ALL BOARD MEMBERS PRIOR TO ITS SUBMISSION TO THE IRS. BASED ON FEEDBACK PROVIDED BY BOARD TRUSTEES, THE ORGANIZATION HAS REDACTED THE NAME AND ADDRESS OF INDIVIDUAL DONORS FROM THE COPY OF ITS SCHEDULE B (FORM 990) THAT IT PROVIDED TO ITS GOVERNING BODY MEMBERS. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY, BOARD OF TRUSTEES, OFFICERS, AND TOP MANAGEMENT OFFICIALS ARE REQUIRED TO SIGN THE CONFLICT OF INTEREST POLICY AND DISCLOSE INTERESTS THAT COULD GIVE RISE TO CONFLICT. FORM 990, PART VI, SECTION B, LINE 15 WHEN DETERMINING THE COMPENSATION OF THE ORGANIZATION'S PRESIDENT, THE ORGANIZATION TYPICALLY CONSULTS PUBLIC INFORMATION DERIVED FROM THE ANNUAL REPORT ISSUED BY THE CHRONICLE OF HIGHER EDUCATION AND THEN SENDS TO THE BOARD OF TRUSTEES FOR APPROVAL. RECOMMENDATIONS ARE MADE TO THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES TO REVIEW AND APPROVE THE SALARIES OF THE PRESIDENT'S DIRECT REPORTS, INCLUDING OFFICERS AND KEY EMPLOYEES OF THE UNIVERSITY. FORM 990, PART VI, SECTION C, LINE 19 MERCY UNIVERSITY MAKES ITS GOVERNING DOCUMENTS (BY-LAWS), CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: LOSS ON INTEREST RATE SWAPS -277,870. UNCOLLECTIBLE STUDENT TUITION (BAD DEBT) -4,957,279.