2024-05-08T12:36:11-05:00 2023-06-30 366055558 GRANT THORNTON LLP 757 THIRD AVENUE 3RD FLOOR NEW YORK NY 100172013 990 2022-07-01 141442493 MARIST COLLEGE MARI 8455753000 3399 NORTH ROAD POUGHKEEPSIE NY 12601 ELIZABETH VEASEY CFO 8455753000 2024-05-10 1 ELIZABETH VEASEY 999009999 0 DANIEL ROMANO P00504182 2125990100 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z KEVIN WEINMAN 3399 NORTH ROAD POUGHKEEPSIE NY 12601 425441586 0 X WWW.MARIST.EDU X 1946 NY MARIST COLLEGE IS DEDICATED TO HELPING DEVELOP THE INTELLECT, CHARACTER (CONT IN SCHEDULE O)AND SKILLS REQUIRED FOR ENLIGHTENED, ETHICAL, AND PRODUCTIVE LIVES IN THE GLOBAL COMMUNITY OF THE 21ST CENTURY. 27 27 3728 223 996549 160161 19681323 10448568 288467078 305295333 14853715 12876957 3922326 4380634 326924442 333001492 99524193 102310990 0 0 114524114 120354681 192615 142160 2359562 85023428 95447247 299264350 318255078 27660092 14746414 963437518 1014810614 280221767 273479902 683215751 741330712 X MARIST COLLEGE 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. 0 0 250608587 100422995 247602740 MARIST COLLEGE IS A HIGHLY SELECTIVE, COMPREHENSIVE 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 ANDITS POUGHKEEPSIE AND FLORENCE, ITALY CAMPUSES ARE FULLY ACCREDITED BY THE MIDDLE STATES COMMISSION ON HIGHER EDUCATION (MSCHE). MARIST'S STUDENT BODY IS COMPRISED OF 5,600 UNDERGRADUATE STUDENTS AND 907 GRADUATE STUDENTS WITH 47 BACHELOR'S PROGRAMS, 14 MASTER'S PROGRAMS, 15 CERTIFICATE PROGRAMS, AND 1 DOCTORAL PROGRAM. (CONTINUED IN SCHEDULE O)FOUNDED IN 1929, MARIST'S 228-ACRE CAMPUS OVERLOOKS THE HUDSON RIVER IN THE HEART OF THE HISTORIC HUDSON VALLEY AND IS SITUATED 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 COLLEGE 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. 41037633 1887995 57692593 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 3400 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-LEARNING ENVIRONMENT THAT SUPPORTS AND SUPPLEMENTS THE EDUCATIONAL MISSION OF THE COLLEGE. (CONTINUED IN SCHEDULE O)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 RESIDENT DINING OPERATION PROVIDES FOOD ON A DAILY BASIS TO OVER 3000 PARTICIPANTS. THE CAMPUS'S SIX RETAIL CAFES 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. MARIST COLLEGE VOLUNTARILY CONTRIBUTES TO FAIRVIEW FIRE DISTRICT'S ANNUAL FUNDRAISING CAMPAIGN AND CONTRIBUTES FUNDS FOR CAPITAL IMPROVEMENT.FORM 990, PART V, LINE 1A:AMOUNT REPORTED IN BOX 3 OF FORM 1096MARIST COLLEGE IS REPORTING THE NUMBER FROM FORM 1096, BOX 3, LESS THE AMOUNT OF FORMS 1098-T PROVIDED TO STUDENTS DURING THE YEAR. FOR 2022, THERE WERE 6,778 FORMS 1098-T ISSUED. 291646220 1 1 0 1 0 0 0 1 0 1 1 1 0 0 1 1 0 1 1 1 1 0 0 1 1 1 0 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 0 0 0 1 1 1 0 0 0 1 X 372 1 1 3728 1 1 1 1 SP IT FR 0 0 0 1 1 0 0 0 0 1 0 X 27 27 0 0 0 0 0 0 0 1 1 0 1 1 1 1 1 1 1 1 1 1 0 X X ELIZABETH VEASEY CFO VP OF BA 8455753000 3399 NORTH ROAD POUGHKEEPSIE NY 12601 ROSS A MAURI CHAIR 2.00 0.00 X X 0 0 0 TIM TENNEY VICE CHAIR 1.00 0.00 X 0 0 0 CHRISTOPHER G MCCANN VICE CHAIR 1.00 0.00 X 0 0 0 ROBERT R DYSON TRUSTEE 1.00 0.00 X 0 0 0 NEIL BENDER TRUSTEE 1.00 0.00 X 0 0 0 TIMOTHY G BRIER TRUSTEE (THRU 02/2023) 1.00 0.00 X 0 0 0 JAMES A CANNAVINO TRUSTEE (THRU 05/2023) 1.00 0.00 X 0 0 0 STEPHEN COSGROVE TRUSTEE 1.00 0.00 X 0 0 0 STEVEN EFFRON TRUSTEE 1.00 0.00 X 0 0 0 STANLEY E HARRIS TRUSTEE 1.00 0.00 X 0 0 0 DANIEL G HICKEY SR TRUSTEE 1.00 0.00 X 0 0 0 JAMES P HONAN TRUSTEE 1.00 0.00 X 0 0 0 BROTHER JOHN KLEIN TRUSTEE 1.00 0.00 X 0 0 0 SURESH KOTHAPALLI TRUSTEE (THRU 11/2022) 1.00 0.00 X 0 0 0 PATRICK M LAVELLE TRUSTEE 1.00 0.00 X 0 0 0 GENINE MCCORMICK TRUSTEE 1.00 0.00 X 0 0 0 SUSAN L COHEN TRUSTEE 1.00 0.00 X 0 0 0 LAURIE DEJONG TRUSTEE 1.00 0.00 X 0 0 0 MARK V DENNIS TRUSTEE 1.00 0.00 X 0 0 0 DONALD DUET TRUSTEE 1.00 0.00 X 0 0 0 JEROME A PICKETT TRUSTEE 1.00 0.00 X 0 0 0 BROTHER SEAN SAMMON TRUSTEE (THRU 09/2022) 1.00 0.00 X 0 0 0 ALVIN PATRICK TRUSTEE 1.00 0.00 X 0 0 0 ROBERT SHANAHAN TRUSTEE 1.00 0.00 X 0 0 0 MAUREEN O'ROURKE TRUSTEE 1.00 0.00 X 0 0 0 GREG GARTLAND TRUSTEE 1.00 0.00 X 0 0 0 JAMES M BARNES TRUSTEE 1.00 0.00 X 0 0 0 EILEEN ALTOBELLI TRUSTEE (THRU 06/2023) 1.00 0.00 X 0 0 0 DONNA DILLENBERGER TRUSTEE 1.00 0.00 X 0 0 0 DIRK MCMAHON TRUSTEE 1.00 0.00 X 0 0 0 KRISTIN NOTO TRUSTEE 1.00 0.00 X 0 0 0 ANTHONY LORELLO TRUSTEE (AS OF 06/2023) 1.00 0.00 X 0 0 0 GEOFFREY L BRACKETT EXECUTIVE VICE PRESIDENT 51.00 1.00 X 433479 0 77225 THOMAS WERMUTH VP OF ACADEMIC AFFAIRS 50.00 0.00 X 309405 0 50041 KEVIN WEINMAN PRESIDENT 50.00 0.00 X 719368 0 187482 EMILY SALAND CHIEF OF STAFF/SECRETARY 50.00 0.00 X 189188 0 63060 ELIZABETH VEASEY VP OF BUSINESS AFFAIRS/CFO 50.00 1.00 X 296289 0 65303 CATHERINE KODAT PROV/DEAN OF FACULTY (AS OF 03/2023) 50.00 0.00 X 0 0 0 SEAN P KAYLOR VP OF ADMISSIONS & ENROLLMENT 50.00 0.00 X 314671 0 77310 MICHAEL CAPUTO VP OF INFORMATION TECHNOLOGY/CIO 50.00 0.00 X 326005 0 50603 CHRISTOPHER DELGIORNO VP OF COLLEGE ADVANCEMENT 50.00 0.00 X 266968 0 68834 DEBORAH DICAPRIO VP/DEAN OF STUDENT AFFAIRS 50.00 0.00 X 245440 0 57258 JOHN RITSCHDORFF ASSOCIATE VP OF ACADEMIC AFFAIRS 50.00 0.00 X 209012 0 52963 JUSTIN BUTWELL DIRECTOR OF PHYSICAL PLANT 51.00 1.00 X 208239 0 52048 CHRISTINA DANIELE VP OF HUMAN RESOURCES 50.00 0.00 X 173903 0 59067 LEE MIRINGOFF DIRECTOR OF MIPO 50.00 0.00 X 310395 0 63178 JOHN DUNNE HEAD COACH, MEN'S BASKETBALL 50.00 0.00 X 360667 0 36226 ROGER NORTON DEAN, COMPUTER SCIENCE & MATH 50.00 0.00 X 262504 0 59319 ALICIA SLATER DEAN, SCHOOL OF SCIENCE 50.00 0.00 X 250935 0 62946 BRIAN GIORGIS HEAD COACH, WOMEN'S BASKETBALL 50.00 0.00 X 259663 0 37680 DENNIS J MURRAY PRESIDENT EMERITUS 40.00 0.00 X 989908 0 237645 6126039 0 1358188 208 1 1 0 SODEXO INC AND AFFILIATES 9801 WASHINGTON BOULEVARD GAITHERSBURG MD 20878 FOOD SERVICE 11885009 PIKE COMPANY INC 1 CIRCLE STREET ROCHESTER NY 14607 PLANT CONSTRUCTION 4007239 GOVCONNECTION INC PO BOX 536477 PITTSBURGH PA 15253 TECHNOLOGY PRODUCTS & SERVICES 1471775 CAMBRIDGE ASSOCIATES LLC 125 HIGH STREET BOSTON MA 02110 INVESTMENT MANAGEMENT 1165282 JTR TRANSPORTATION 192 COTTAGE STREET POUGHKEEPSIE NY 12601 BUS TRANSPORTATION 892904 44 41055 3622688 6784825 287009 10448568 TUITION FEES 611310 247602740 247602740 ROOM & BOARD 721310 57692593 57692593 305295333 6041942 6041942 99173304 92338289 6835015 6835015 6835015 88350 41055 88384 -34 -34 49280 13421 35859 35859 ATHLETICS 711210 1115012 1115012 STUDENT ACTIVITES AND CLUBS 611710 708748 708748 IT CONTRACTS 541511 676757 676757 1844292 319792 1524500 4344809 333001492 305295333 996549 16261042 250000 250000 102060990 102060990 4866040 1413934 2655954 796152 50000 50000 84902173 75488111 8711755 702307 7013165 6154742 801705 56718 17154613 15541552 1362470 250591 6368690 5733326 583660 51704 9858465 9858465 872638 5299 867339 227762 227762 142160 142160 1866679 1866679 5381371 4534230 736364 110777 2400761 2052289 348472 5414920 4575131 721433 118356 5867407 4923295 944112 1514967 1395458 85055 34454 10706861 10301835 402492 2534 5380516 5115344 213970 51202 673230 622020 44865 6345 9182340 8690470 491870 18239361 17530594 708767 1936658 200794 1735864 INTERNATIONAL PROGRAM 7984474 7984474 CATERING & EVENTS 1789388 1382042 394969 12377 UNIFORMS/ATHLETIC EQUIP 1135816 1135816 HOSPITALITY 1067021 749397 293739 23885 3946612 3946612 318255078 291646220 24249296 2359562 165534 115054 106155387 83068982 3447623 3647275 6929389 2733421 3185748 2027014 218876 244710 1753779 2522108 700326243 295086298 398998782 405239945 58729502 72239510 319358941 392384531 64493957 50588064 963437518 1014810614 20636861 28338888 9101018 8593472 235263962 224295819 15219926 12251723 280221767 273479902 X 579495934 630144883 103719817 111185829 683215751 741330712 963437518 1014810614 X 14746414 31984204 -1866679 13251022 X 0 1 X 1 1 1 X 14084749 12955817 14847219 19681323 10448568 72017676 14084749 12955817 14847219 19681323 10448568 72017676 1732730 70284946 2366387 2481681 1803551 2116904 6041942 14810465 96387 192242 157920 159095 605644 4359657 4046304 2054733 3469313 3526944 17456951 104890736 1418677465 0.67010 0.69770 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 2922 2922 0 PART II-B, LINE 1: LOBBYING EXPENSE THE COLLEGE IS A MEMBER OF THE NATIONAL ASSOCIATION OF INDEPENDENT COLLEGES AND UNIVERSITIES (NAICU) AND THE COMMISSION ON INDEPENDENT COLLEGES & UNIVERSITIES (CICU). THESE ORGANIZATIONS PROMOTE THE NEEDS OF HIGHER EDUCATION AND PROVIDES INFORMATION TO THE INDUSTRY. BOTH THE ASSOCIATION AND COMMISSION PROVIDE AN ALLOCATION OF THE ANNUAL DUES TO LOBBYING EFFORTS UPON REQUEST AND SUCH AMOUNTS HAVE BEEN DISCLOSED. 7897625 X X X 0 0 378024822 1566712 35146216 1921158 683481 412133111 416682438 2111025 -38414888 1616039 737714 378024822 312885533 2261959 103524213 1480555 508712 416682438 297590169 5383555 11779580 1312584 555187 312885533 71167181 209988347 18379482 1232114 712727 297590169 0.78200 0.21800 0 0 8475076 8475076 400625896 146789469 253836427 169990694 67967872 102022822 85882247 76964864 8917383 35352330 3364093 31988237 405239945 DIRECT FOREIGN INVESTMENTS 195066069 F OTHER ALTERNATIVE INVESTMENTS 197318462 F 392384531 ACCRUED POST RETIREMENT-BENEFITS 7421283 US GOV'T GRANT REFUNDABLE 2245405 OPERATING LEASE LIABILITIES 1893650 CAPITAL LEASE OBLIGATIONS 381177 ANNUITIES PAYABLE 310208 12251723 X 228649323 31984204 -32408704 -424500 229073823 1866679 102060990 103927669 333001492 214760225 432816 432816 214327409 1866679 102060990 103927669 318255078 PART III, LINE 4: COLLECTION OF ARTWORKS THE COLLEGE HOLDS A CULTURALLY AND HISTORICALLY DIVERSE COLLECTION OF ARTWORK, BOOKS, SCULPTURES, ARCHIVES, FILM REELS AND VARIOUS MEDIA THAT SERVE PRIMARILY AS LEARNING AND RESEARCH RESOURCES FOR FACULTY AND STUDENTS. PART V, LINE 4: ENDOWMENT FUNDS ENDOWMENT FUNDS ARE INTENDED TO BE USED FOR SCHOLARSHIPS AND TO SUPPORT ACADEMIC PROGRAMS OF THE COLLEGE. PART X, LINE 2: FIN 48 DISCLOSURE 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 MAY 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. PART XI, LINE 2D - OTHER ADJUSTMENTS: REALIZED/ UNREALIZED GAIN -33,763,384. DISPOSAL OF FIXED ASSETS 1,354,680. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS 102,060,990. PART XII, LINE 2D - OTHER ADJUSTMENTS: MRPS DEPRECIATION 432,816. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS 102,060,990. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE COLLEGE PUBLICIZES ITS RACIALLY NONDISCRIMINATORY POLICY ON ITS WEBSITE (MARIST.EDU) TO MAKE THE POLICY KNOWN TO ALL PARTS OF THE GENERAL COMMUNITY IT SERVES. SCHEDULE E, PART I, LINE 6 THE COLLEGE RECEIVES FINANCIAL AID AND OTHER GRANTS FROM FEDERAL AND STATE AGENCIES. EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 1 7 PROGRAM SERVICES ADMIN & EDUCATION 9415392 CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 INVESTMENTS 183219213 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 INVESTMENTS 11846856 CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 PROGRAM SERVICES EDUCATIONAL EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 0 0 PROGRAM SERVICES EDUCATIONAL 224229 RUSSIA AND NEIGHBORING STATES - ARMENIA, AZERBIJAN, BELARUS, 0 0 PROGRAM SERVICES EDUCATIONAL SUB-SAHARAN AFRICA - ANGOLA, BENIN, BOTSWANA, BURKINA FASO, 0 0 PROGRAM SERVICES EDUCATIONAL MIDDLE EAST AND NORTH AFRICA - ALGERIA, BAHRAIN, DJIBOUTI, EGYPT, 0 0 PROGRAM SERVICES EDUCATIONAL SOUTH ASIA - AFGHANISTAN, BANGLADESH, BHUTAN, INDIA, MALDIVES, NEPAL, 0 14 PROGRAM SERVICES ADMIN & EDUCATION 523000 SOUTH AMERICA - ARGENTINA, BOLIVIA, BRAZIL, CHILE, COLUMBIA, ECUADOR, 0 0 PROGRAM SERVICES EDUCATIONAL EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 1 PROGRAM SERVICES ADMIN & EDUCATION 23375 1 7 0 15 1 22 204705690 546375 205252065 1 0 1 1 1 0 PART III ACCOUNTING METHOD: SCHEDULE F, PART IV MARIST COLLEGE 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 COLLEGE'S INVESTMENT ACTIVITIES MAY NOT REACH THE THRESHOLDS REQUIRED FOR FILING THE FORMS 926, 5471, 8621 OR 8865. TO THE EXTENT SUCH A FORM WAS COMPLETED, IT HAS BEEN FILED WITH THE COLLEGE'S FORM 990-T. X X X X X X X 1 EAB GLOBAL INCORPORATED PO BOX 603519 CHARLOTTE NC 28260 CONSULTANT 0 143069 142160 909 143069 142160 909 AL AK AZ AR CA CO CT DE FL GA HI ID IL IN IA KS KY LA ME MD MA MI MN MS MO MT NE NV NH NJ NM NY NC ND OH OK OR PA RI SC SD TN TX UT VT VA WA WV WI WY SOM GOLF 70990 24171 46819 4065 6260 33420 4671 RED FOX CLUB 36365 5310 31055 6903 12563 6511 600 1 22050 11574 10476 800 12591 129405 41055 88350 10968 800 31414 39931 5271 88384 -34 49280 13200 221 1 1.00000 49280 13200 221 13421 35859 NY 1 0 0 0 1.00000 ZACHARY HARKENRIDER 3399 NORTH ROAD POUGHKEEPSIE NY 12601 0 TIM MURRAY OVERSEES ALL ASPECTS OF GAMING ACTIVITIES X 0 1 FAIRVIEW FIRE DISTRICT 258 VIOLET AVENUE POUGHKEEPSIE NY 12601 146000328 501 (A) 250000 0 COMMUNITY ASSISTANCE 1 INSTITUTIONAL SCHOLARSHIP 5866 102060990 PART I, LINE 2: ORGANIZATION'S PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS THE COLLEGE PROVIDES SCHOLARSHIPS AND FINANCIAL AIDS TO STUDENTS BASED ON NEED AND ACADEMIC PERFORMANCE. THE FUNDS ARE CREDITED DIRECTLY TO THE STUDENT'S ACCOUNT. RECORDS ARE MAINTAINED IN ACCORDANCE WITH THE COLLEGE'S POLICIES. THE COLLEGE'S FINANCIAL AID OFFICE ADHERES STRICTLY TO ALL FEDERAL AND STATE REGULATIONS AND IS SUBJECT TO THE COMPLIANCE AND INTERNAL CONTROLS REPORTS AS REQUIRED BY TITLE 2 U.S. CODE OF FEDERAL REGULATIONS PART 200, UNIFORM ADMINISTRATIVE REQUIREMENTS, COST PRINCIPLES, AND AUDIT REQUIREMENTS FOR FEDERAL AWARDS AND GOVERNMENT AUDITING STANDARDS AND RELATED INFORMATION (FORMERLY OMB A-133). PART II, LINE 1D: MARIST COLLEGE VOLUNTARILY CONTRIBUTES TO THE FAIRVIEW FIRE DISTRICT'S ANNUAL FUNDRAISING CAMPAIGNS AND CONTRIBUTES FUNDS FOR CAPITAL IMPROVEMENTS. X X X 1 1 X X X X X 0 1 0 0 0 0 0 1 1 0 DENNIS J MURRAY PRESIDENT EMERITUS 719178 0 0 0 270730 0 186600 0 51045 0 1227553 0 85000 0 KEVIN WEINMAN PRESIDENT 601508 0 110959 0 6901 0 118785 0 68697 0 906850 0 0 0 GEOFFREY L BRACKETT EXECUTIVE VICE PRESIDENT 419173 0 0 0 14306 0 36525 0 40700 0 510704 0 0 0 JOHN DUNNE HEAD COACH, MEN'S BASKETBALL 351782 0 0 0 8885 0 22785 0 13441 0 396893 0 0 0 SEAN P KAYLOR VP OF ADMISSIONS & ENROLLMENT 307185 0 0 0 7486 0 36600 0 40710 0 391981 0 0 0 MICHAEL CAPUTO VP OF INFORMATION TECHNOLOGY/CIO 304715 0 20000 0 1290 0 22785 0 27818 0 376608 0 0 0 LEE MIRINGOFF DIRECTOR OF MIPO 295643 0 0 0 14752 0 35748 0 27430 0 373573 0 0 0 ELIZABETH VEASEY VP OF BUSINESS AFFAIRS/CFO 295879 0 0 0 410 0 22261 0 43042 0 361592 0 0 0 THOMAS WERMUTH VP OF ACADEMIC AFFAIRS 306267 0 0 0 3138 0 36600 0 13441 0 359446 0 0 0 CHRISTOPHER DELGIORNO VP OF COLLEGE ADVANCEMENT 262652 0 0 0 4316 0 28204 0 40630 0 335802 0 0 0 ROGER NORTON DEAN, COMPUTER SCIENCE & MATH 259243 0 0 0 3261 0 31593 0 27726 0 321823 0 0 0 ALICIA SLATER DEAN, SCHOOL OF SCIENCE 243002 0 7500 0 433 0 21726 0 41220 0 313881 0 0 0 DEBORAH DICAPRIO VP/DEAN OF STUDENT AFFAIRS 242438 0 0 0 3002 0 29576 0 27682 0 302698 0 0 0 BRIAN GIORGIS HEAD COACH, WOMEN'S BASKETBALL 202145 0 50000 0 7518 0 24484 0 13196 0 297343 0 0 0 JOHN RITSCHDORFF ASSOCIATE VP OF ACADEMIC AFFAIRS 207714 0 0 0 1298 0 24454 0 28509 0 261975 0 0 0 JUSTIN BUTWELL DIRECTOR OF PHYSICAL PLANT 199944 0 7500 0 795 0 24477 0 27571 0 260287 0 0 0 EMILY SALAND CHIEF OF STAFF/SECRETARY 189030 0 0 0 158 0 20682 0 42378 0 252248 0 0 0 CHRISTINA DANIELE VP OF HUMAN RESOURCES 173667 0 0 0 236 0 18963 0 40104 0 232970 0 0 0 PART I, LINE 1A TRAVEL FOR COMPANIONS TRAVEL FOR COMPANION(S) IS VERY LIMITED AND ALWAYS INCLUDES A CLEAR BUSINESS PURPOSE FOR THE COMPANION(S) AND MUST BE PRE-APPROVED BY THE PRESIDENT. PRESIDENT'S COMPANION(S) IS APPROVED BY THE CHAIR OF BOARD OF TRUSTEES. ALL TRAVEL BENEFITS PROVIDED WERE DETERMINED TO BE FOR A BUSINESS PURPOSE AND THEREFORE NOT INCLUDED IN TAXES AND WAGES. PART I, QUESTION 1A: HOUSING ALLOWANCE OR RESIDENCE FOR PERSONAL USE THE PRESIDENT AND PRESIDENT-EMERITUS OF THE COLLEGE ARE PROVIDED WITH HOUSING IN CLOSE PROXIMITY TO THE CAMPUS IN ORDER FOR THEM TO ATTEND TO EMERGENT SITUATIONS ON A 24/7 BASIS. THE HOUSING IS PROVIDED AS A CONDITION OF EMPLOYMENT, IS USED FOR COLLEGE BUSINESS AND ENTERTAINMENT PURPOSES AND AS A CONVENIENCE OF THE COLLEGE TO ENABLE THEM TO PERFORM THEIR DUTIES. THE FAIR MARKET VALUE OF THE RESIDENCES IS SHOWN IN COLUMN D, AMOUNTS ARE BASED ON THE VALUE OF PROPERTY AND FOR PRESIDENT EMERITUS APPORTIONED ACCORDING TO PERSONAL USE AND ARE REPORTED IN COLUMNS D AND B(III) ON SCHEDULE J AS APPROPRIATE. PART I, QUESTION 1A: HEALTH OR SOCIAL CLUB DUES OR INITIATION FEES THE COLLEGE PAYS CLUB MEMBERSHIP FEES FOR FOUR EXECUTIVES, WHICH ARE INTENDED TO BE USED EXCLUSIVELY FOR THE COLLEGE'S BUSINESS ENTERTAINMENT OR COLLEGE SPONSORED EVENTS. TO THE EXTENT THERE IS ANY PERSONAL USE OF THESE PRIVILEGES, THE INDIVIDUAL EXECUTIVES ARE TAXED OR REIMBURSE THE COLLEGE ON THE VALUE OF THE PERSONAL USE. PART I, LINE 3: THE EXECUTIVE COMMITTEE RECOMMENDS THE PRESIDENT'S COMPENSATION, WHICH IS APPROVED BY THE FULL BOARD OF TRUSTEES IN EXECUTIVE SESSION. THE RECOMMENDATION IS BASED ON THE OUTCOME OF THE PRESIDENT'S EVALUATION (WITH AN EMPHASIS ON PERFORMANCE), ADVICE FROM OUTSIDE COMPENSATION CONSULTANTS, AND A REVIEW OF RECENT DATA FROM THE COLLEGE AND UNIVERSITY PROFESSIONAL ASSOCIATION'S (CUPA) ADMINISTRATIVE COMPENSATION SURVEY. THE EXECUTIVE COMMITTEE ALSO DISCUSSES THE COMPENSATION OF OTHER LEADING COLLEGE AND UNIVERSITY PRESIDENTS, COMPARABLE NON-PROFIT EXECUTIVES, AND EXECUTIVES IN THE PRIVATE SECTOR. ON AN ANNUAL BASIS, THE COLLEGE'S EXECUTIVES CUPA COMPARATIVE DATA IS REVIEWED BY THE PRESIDENT AND SHARED WITH THE BOARD'S EXECUTIVE COMMITTEE. PART I, LINE 4B: SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN THE COLLEGE HAS IN PLACE A NON-QUALIFIED DEFERRED COMPENSATION PLAN FOR THE FORMER AS WELL AS THE CURRENT PRESIDENT. THIS DEFERRED COMPENSATION WAS PAID OUT TO THE FORMER PRESIDENT IN CALENDAR YEAR 2022 AND IS INCLUDED IN COLUMN B(III). ANNUAL ACCRUALS FOR THESE BENEFITS HAVE BEEN REPORTED DESPITE BEING SUBJECT TO A SUBSTANTIAL RISK OF FORFEITURE AND CONTINGENT UPON THE INDIVIDUALS'S CONTINUED EMPLOYMENT AT THE COLLEGE. THE VALUE OF THE ACCRUAL FOR THE PRESIDENT FOR CALENDAR YEAR 2022 IS INCLUDED IN THE DEFERRED COMPENSATION COLUMN (COLUMN C) OF SCHEDULE J. PART I, LINE 7 NON-FIXED PAYMENTS ANNUALLY, PAY AWARDS WERE GIVEN IN RECOGNITION OF EMPLOYEES' CONTRIBUTIONS TO THE OVERALL SUCCESS OF THE COLLEGE. ANY VARIABLE PAY AWARDS IN FUTURE YEARS WILL BE CONTINGENT ON INDIVIDUAL PERFORMANCE AND THE CONTINUED SUCCESS OF THE COLLEGE. PART I, LINE 8 FIXED PAYMENTS ASSOCIATED WITH THE CONTRACT ENTERED INTO WITH THE PRESIDENT ARE SUBJECT TO THE INITIAL CONTRACT EXCEPTION. THE TERMS OF THE CONTRACT WERE NEGOTIATED AT AN ARM'S LENGTH AND THE PRESIDENT WAS NOT A DISQUALIFIED PERSON IMMEDIATELY PRIOR TO ENTERING INTO THE INITIAL CONTRACT. A DUTCHESS COUNTY IDA 141613685 267041GN5 2008-01-25 20000000 STUDENT HOUSING (30 FULTON), PARKING LOT, ROADWAY 0 0 0 B DUTCHESS COUNTY LDC 273106797 267045CV2 2013-03-28 15262546 ADDITION AND RENOV. OF STUDENT CTR, WALKWAY, PATIO 1 0 0 C DUTCHESS COUNTY LDC 273106797 267045FF4 2015-06-25 90557609 ALLIED SCIENCE BLDG AND NORTH CAMPUS HOUSING 0 0 0 D DUTCHESS COUNTY LDC 273106797 267045LM2 2018-10-04 40537062 STEEL PLANT STUDIOS, MCCANN ATHLETIC CENTER 0 0 0 A 6780000 20000000 301630 81184 203126 2009 0 0 1 1 B 2845000 11865000 15262546 259259 15003287 2014 0 0 1 1 C 7655000 90557609 851534 89706075 2016 0 0 1 1 D 640000 40537062 537062 40000000 2019 0 0 1 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 D 0 0 1 0 0 0 0 1 A 0 0 0 1 1 0 0 0 1 B 0 0 0 1 0 0 0 0 1 C 0 0 0 1 0 0 0 0 1 D 0 0 1 0 0 0 0 0 1 A 1 B 1 C 1 D 1 PART IV, LINE 2C, COLUMN A THE REBATE COMPUTATION WAS COMPLETED ON 11/12/2015. PART IV, LINE 2C, COLUMN B THE REBATE COMPUTATION WAS COMPLETED ON 03/28/2018. PART IV, LINE 2C, COLUMN C THE REBATE COMPUTATION WAS COMPLETED ON 06/25/2020. PART IV, LINE 2C, COLUMN D THE REBATE COMPUTATION WAS COMPLETED ON 10/30/2020. PART II, LINE 7, STUDENT CENTER ADDITION/RENOVATION THE COLLEGE FINANCED A PORTION OF THE COSTS OF ISSUANCE WITH A POST-ISSUE DATE EQUITY CONTRIBUTION AND APPLIED THE ADDITIONAL PROCEEDS TO FINANCE PROJECT COSTS. THE POST-ISSUANCE EQUITY CONTRIBUTION CAUSED THE ACTUAL AMOUNT OF BOND-FINANCED ISSUANCE COSTS TO BE LESS THAN THE AMOUNT REPORTED ON THE FORM 8038. PART II, LINE 10, COLUMNS A & B AMOUNTS LISTED INCLUDE CAPITALIZED DELIVERY DATE EXPENSES NOT SUBJECT TO THE 2 PERCENT LIMITATION IN SECTION 147(G) OF THE CODE. A DUTCHESS COUNTY LDC 273106797 267045QW5 2022-05-10 59791579 DYSON CENTER 0 0 0 B DUTCHESS COUNTY LDC 273106797 267045RT1 2023-05-11 34989694 REFUNDING OF 2013A, 2013B1-3, AND 2016 BONDS 0 0 0 A 59791579 566585 2898702 261392 56064900 0 0 0 1 B 34989694 11865000 670299 22454395 2006 1 0 1 1 A 0 0 1 0 0 0 0 1 B 0 0 0 0 0 0 1 A 0 1 0 0 0 0 0 0 1 B 0 1 0 0 0 0 0 0 1 A 1 B 1 MARILYN MURRAY SPOUSE OF FORMER OFFICER 50000 EMPLOYEE 0 X 3650 COST/FMV X 18 200883 AVG PRICE X 1 14340 APPRAISAL X MEDIA CENTER EQUIPMENT LEO LIGHTING 1 60948 FAIR MARKEL VALUE X RECEPTION DEPOSLL END FLOWERS 1 6811 COST X POP-UP CANOPY 1 377 COST 1 0 1 0 EXPLANATION OF NONCASH CONTRIBUTIONS MARIST COLLEGE REPORTS THE NUMBER OF CONTRIBUTIONS RECEIVED IN COLUMN B, NOT THE NUMBER OF ITEMS. FORM 990, PART VI, SECTION B, LINE 11B ORGANIZATION'S REVIEW PROCESS OF FORM 990 THE ORGANIZATION'S FORM 990 IS PRESENTED TO THE AUDIT COMMITTEE BY THE INDEPENDENT ACCOUNTING FIRM AND REVIEWED BY THE BOARD OF TRUSTEES PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C ENFORCEMENT AND COMPLIANCE OF CONFLICTS OF INTEREST POLICY 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. THE AUDIT COMMITTEE REVIEWS THESE STATEMENTS FOR COMPLIANCE ANNUALLY. OUR CODE OF ETHICS ALSO REQUIRES THAT ALL EXECUTIVES, DEANS AND SELECTED STAFF WITH FISCAL RESPONSIBILITIES FOR THE COLLEGE COMPLETE A CONFLICT OF INTEREST STATEMENT ANNUALLY. COMPLETED STATEMENTS THAT INDICATE A POTENTIAL CONFLICT OF INTEREST ARE REVIEWED BY THE CHIEF FINANCIAL OFFICER, 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. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION PROCESS FOR TOP MANAGEMENT OFFICIAL THE COMPENSATION AND RETIREMENT PROGRAM FOR THE PRESIDENT WAS BASED ON A COMPREHENSIVE ANALYSIS CONDUCTED BY AN INDEPENDENT EXECUTIVE COMPENSATION CONSULTING FIRM. THE PRESIDENT'S CONTRACT WAS RECOMMENDED BY THE EXECUTIVE COMMITTEE OF THE BOARD (RESPONSIBLE FOR PRESIDENTIAL EVALUATION AND COMPENSATION), AND APPROVED BY THE FULL BOARD OF TRUSTEES. THE PRESIDENT'S PERFORMANCE IS REVIEWED ON AN ANNUAL BASIS BY THE EXECUTIVE COMMITTEE OF THE BOARD AND CHANGES IN COMPENSATION ARE RECOMMENDED TO THE FULL BOARD FOR APPROVAL. THE EXECUTIVE COMMITTEE OF THE BOARD BASES ITS RECOMMENDATIONS FOR ADJUSTMENTS ON PERFORMANCE AND A REVIEW OF APPROPRIATE COLLEGE AND UNIVERSITY PERSONNEL ASSOCIATION (CUPA) DATA ON PRESIDENTIAL COMPENSATION AND THE PROCESS AND DECISION IS CONTEMPORANEOUSLY DOCUMENTED IN THE MINUTES. COMPENSATION PROCESS FOR OFFICERS AND KEY EMPLOYEES 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 OF TRUSTEES FOR REVIEW AND APPROVAL. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS DISCLOSURE 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. FORM 990, PART XI, LINE 9: CHANGE IN INTEREST RATE SWAP OBLIGATION, OTHER 805,467. FASB 158 ADJUSTMENT 340,630. MRPS DEPRECIATION -432,816. LOSS ON DERECOGNITION OF SCF -1,990,466. PAYMENTS TO BENEFICIARIES -71,004. SCF NET ASSETS -758,670. NET MRPS FIXED ASSETS CHANGE 15,357,881. VAYU LLC 3399 NORTH ROAD POUGHKEEPSIE NY 12601 133727712 EDUCATIONAL NY 0 13557413 MARIST COL MARIST REAL PROPERTY SERVICES INC 3399 NORTH ROAD POUGHKEEPSIE NY 12601 141785087 REAL PROPERTY NY 501(C)(3) LINE 12A, I MARIST COLL 1 MARIST REAL PROPERTY SVCS TWO INC 3399 NORTH ROAD POUGHKEEPSIE NY 12601 141825215 REAL PROPERTY NY MARIST COL C 175000 1.00000 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 IN APRIL 2020, THE COLLEGE DETERMINED SPROUT CREEK FARM, INC. COULD NOT SUSTAIN ITS OPERATION. THE BOARD OF DIRECTORS EVALUATED SEVERAL OPTIONS FOR THE FUTURE OF THE FARM. EFFECTIVE MAY 2023, CONTROL OF SPROUT CREEK FARM, INC. HAS BEEN ASSUMED BY GOPAL FARM, LLC. A NONOPERATING LOSS ON DERECOGNITION WAS RECORDED AND ALL FARM-RELATED ASSETS AND LIABILITIES WERE REMOVED FROM THE COLLEGE BALANCE SHEET. AS A RESULT OF GOPAL ASSUMING CONTROL, SPROUT CREEK FARM, INC. IS NO LONGER A RELATED ORGANIZATION OF THE COLLEGE, AND NOT REPORTABLE ON SCHEDULE R.