2025-04-08T14:20:12-05:00 2024-06-30 991856619 GRANT THORNTON ADVISORS LLC 757 THIRD AVENUE 3RD FLOOR NEW YORK NY 100172013 990 2023-07-01 131740445 UNIVERSITY OF MOUNT SAINT VINCENT UNIV 7184053200 6301 RIVERDALE AVENUE RIVERDALE NY 10471 ABED ELKESHK SEVP, TREASURER & CFO 7184053200 2025-04-08 1 0 DANIEL ROMANO P00504182 2125990100 2023 2025-03-06 01:10:19Z SUSAN R BURNS - PRESIDENT 6301 RIVERDALE AVENUE RIVERDALE NY 10471 132438761 0 X WWW.MOUNTSAINTVINCENT.EDU X 1847 NY FOUNDED BY THE SISTERS OF CHARITY OF NEW YORK, THE UNIVERSITY OF (CONTINUED ON SCHEDULE O). MOUNT SAINT VINCENT IS AN ACADEMICALLY EXCELLENT, AUTHENTICALLY INCLUSIVE, CATHOLIC AND ECUMENICAL LIBERAL ARTS UNIVERSITY. 30 29 1312 0 3622 0 13175480 20541788 92611478 105891227 -84673 640569 2471860 3264000 108174145 130337584 36790672 35861689 0 0 38794398 43949394 0 0 1526515 29725587 40448394 105310657 120259477 2863488 10078107 143984338 160256963 44141210 45333259 99843128 114923704 X FOUNDED BY THE SISTERS OF CHARITY OF NEW YORK, THE UNIVERSITY OF MOUNT SAINT VINCENT IS AN ACADEMICALLY EXCELLENT, AUTHENTICALLY INCLUSIVE, CATHOLIC AND ECUMENICAL LIBERAL ARTS UNIVERSITY. (CONT. IN SCH.O) 0 0 103106858 35861689 106806846 UNIVERSITY OF MOUNT SAINT VINCENT IS A SCHOOL OF HIGHER EDUCATION FORMED IN THE CATHOLIC TRADITION, BUT NONSECTARIAN. WE HAVE A DIVERSE STUDENT POPULATION BOTH ETHNICALLY AND ECONOMICALLY. WE OFFER 3 ASSOCIATE, 26 BACCALAUREATE, AND 10 GRADUATE MAJORS. WE AWARD B.A. AND B.S. DEGREES ON THE UNDERGRADUATE LEVEL. IN ADDITION, WE AWARD POST-GRADUATE CERTIFICATES, M.S. AND M.B.A. DEGREES ON THE GRADUATE LEVEL. (CONT. IN SCH.O)OUR STUDENT BODY IS COMPOSED OF MORE THAN 3,000 FULL AND PART-TIME STUDENTS. THE UNIVERSITY OFFERS FULL-TIME STUDENTS A RESIDENCE PROGRAM DESIGNED TO ENHANCE THEIR ENGAGEMENT, LEARNING, AND CITIZENSHIP. THE UNIVERSITY MAINTAINS FIVE RESIDENCE HALLS, EACH HOUSING BETWEEN 75 AND 250 STUDENTS AND OFFERING A VARIETY OF AMENITIES, INCLUDING STUDY-LOUNGES, KITCHENETTES, AND LAUNDRY ROOMS. WE HAVE TWO EDUCATION CENTERS IN QUEENS, NY AND ONE IN BROOKLYN, NY WHICH ARE USED FOR AN ACCELERATED NURSING DEGREE PROGRAM. 103106858 1 1 0 1 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 0 1 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 115 0 1 1312 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 30 29 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 X VOISAVA VUKAJ 7184053200 6301 RIVERDALE AVE RIVERDALE NY 10471 SUSAN R BURNS PRESIDENT 40.00 0.00 X X 346512 0 122955 STEVEN HAYES CHAIR 1.00 0.00 X X 0 0 0 DONNA DODGE VICE CHAIR 1.00 0.00 X X 0 0 0 MARGARET OBRIEN SC SECRETARY 1.00 0.00 X X 0 0 0 CAROLE ACUNTO TRUSTEE 1.00 0.00 X 0 0 0 PAULA MARIE BULEY IHM TRUSTEE 1.00 0.00 X 0 0 0 JOHN CARUSO TRUSTEE 1.00 0.00 X 0 0 0 VITA CASSESE TRUSTEE 1.00 0.00 X 0 0 0 CRISTOBOL CONDE TRUSTEE 1.00 0.00 X 0 0 0 NOREEN CULHANE TRUSTEE 1.00 0.00 X 0 0 0 ROSALBA CORRADO DEL VECCHIO TRUSTEE 1.00 0.00 X 0 0 0 PETER DENUNZIO TRUSTEE 1.00 0.00 X 0 0 0 SUSAN DIDONATO TRUSTEE 1.00 0.00 X 0 0 0 ALEX EHRLICH TRUSTEE 1.00 0.00 X 0 0 0 KELVIN GENTLES TRUSTEE 1.00 0.00 X 0 0 0 DEBORAH J HAMILTON TRUSTEE 1.00 0.00 X 0 0 0 MAUREEN HENEGAN TRUSTEE 1.00 0.00 X 0 0 0 ANITA KERR TRUSTEE 1.00 0.00 X 0 0 0 ROBERT LORENZO TRUSTEE 1.00 0.00 X 0 0 0 RONITA MACKLIN TRUSTEE 1.00 0.00 X 0 0 0 STEPHEN MANZI TRUSTEE 1.00 0.00 X 0 0 0 MAURA MARKUS TRUSTEE 1.00 0.00 X 0 0 0 CATHY MARTINE TRUSTEE 1.00 0.00 X 0 0 0 PAUL MOURNING TRUSTEE 1.00 0.00 X 0 0 0 PAMELA NEWMAN TRUSTEE 1.00 0.00 X 0 0 0 DOMINICA ROCCHIO SC TRUSTEE 1.00 0.00 X 0 0 0 ELIZABETH VERMAELEN SC TRUSTEE 1.00 0.00 X 0 0 0 CHERI WALSH TRUSTEE 1.00 0.00 X 0 0 0 JOAN D WALSH TRUSTEE 1.00 0.00 X 0 0 0 SUSAN M WHITNEY TRUSTEE 1.00 0.00 X 0 0 0 ABED ELKESHK SENIOR EVP, TREAURER & CFO 40.00 0.00 X 247575 0 37013 LYNNE BONGIOVANNI PROVOST 40.00 0.00 X 242841 0 16470 MADELEINE MELKONIAN SVP FOR EXTERNAL RELATIONS 40.00 0.00 X 226770 0 33139 KEVIN DEGROAT VP FOR OPERATIONS 40.00 0.00 X 179704 0 65324 CATHERINE SHARBAUGH DEAN OF NURSING 40.00 0.00 X 178567 0 40502 W ADAM WICHERN VP INFO. AND TECH./CIO 40.00 0.00 X 165270 0 31902 SHULAMITE ODOGWU ASSOCIATE DEAN OF NURSING 40.00 0.00 X 164952 0 3767 1752191 0 351072 50 0 1 0 EAB 2445 M STREET NW WASHINGTON DC 20037 STUDENT ENROLLMENT 842178 GRIFFITH CONSTRUCTION CORP 439 VICTOR WAY WYCKOFF NJ 07481 CONSTRUCTION 695300 DIAMOND BUILDERS GROUP 28 JAMES WILKINSON ROAD ROCK TAVERN NY 12575 CONSTRUCTION 617922 PRESTIGE MECHANICAL & CONSTRUCTION CORP PO BOX 10924 NEWBURGH NY 12552 CONSTRUCTION 596804 ROSE PRESS INC 8 NORTH 14TH AVENUE MT VERNON NY 10550 PRINTING 581779 26 182307 11844592 8514889 253404 20541788 TUITION & FEES 611710 95347712 95347712 ROOM & BOARD 611710 10543515 10543515 105891227 435718 3622 432096 1146220 0 1146220 1146220 915619 230601 1815527 1610676 204851 204851 204851 237487 182307 218178 19309 19309 238775 272323 -33548 -33548 REBATE INCOME 900099 811251 811251 OTHER AUX. REVENUE 900099 12101 12101 1308667 1308667 2132019 130337584 106806846 3622 2985328 35861689 35861689 1145129 279291 865838 35146276 27471405 7027326 647545 1063534 821977 217432 24125 3818662 2973813 758226 86623 2775793 2182387 530440 62966 601985 601985 378073 378073 760 760 56941 56941 3009707 1276977 1586307 146423 233972 233972 1259125 776172 305401 177552 1269083 182290 1085793 1000 4422355 39703 4382652 495274 397285 70881 27108 148043 115722 32321 417590 417590 6684537 6225612 458925 1079692 1079692 CONTRACTUAL SERVICES 15179901 12066700 3066600 46601 FOOD SERVICE 1447039 1275648 76360 95031 BAD DEBT 1039981 0 1039981 0 ALLOCATED INDIRECT EXP. 0 9475591 -9640732 165141 2724336 1684596 993340 46400 120259477 103106858 15626104 1526515 10121699 17649632 2538798 5905709 4754281 2689325 611995 218992 167600 155026 348645 391558 176882493 97843946 76945165 79038547 13765065 20647852 30442639 29833017 4288451 3727305 143984338 160256963 2482934 5166278 4667599 6527132 21950294 19778892 907003 764279 7965000 7465000 6168380 5631678 44141210 45333259 X 61417727 69650011 38425401 45273693 99843128 114923704 143984338 160256963 10078107 5002469 0 X 0 1 X 1 1 1 X 14665768 6970353 14999089 13175480 20541788 70352478 14665768 6970353 14999089 13175480 20541788 70352478 8030688 62321790 517899 574374 814359 839370 662697 3408699 12304 17565 23213 53082 784070 434893 802174 2368233 2608281 6997651 80811910 473100214 0.77120 0.72200 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: GROSS SALE OF INVENTORY - 2019 AMOUNT: $ 147,660. 2020 AMOUNT: $ 178,191. 2021 AMOUNT: $ 209,031. 2022 AMOUNT: $ 235,396. 2023 AMOUNT: $ 238,775. GROSS FUNDRAISING - 2019 AMOUNT: $ 113,641. 2020 AMOUNT: $ 0. 2021 AMOUNT: $ 217,641. 2022 AMOUNT: $ 395,166. 2023 AMOUNT: $ 237,487. REBATE INCOME - 2019 AMOUNT: $ 72,801. 2020 AMOUNT: $ 21,229. 2021 AMOUNT: $ 36,650. 2022 AMOUNT: $ 807,004. 2023 AMOUNT: $ 811,251. OTHER AUX REVENUE - 2019 AMOUNT: $ 63,127. 2020 AMOUNT: $ 19,023. 2021 AMOUNT: $ 98,554. 2022 AMOUNT: $ 173,012. 2023 AMOUNT: $ 12,101. OTHER REVENUE - 2019 AMOUNT: $ 386,841. 2020 AMOUNT: $ 216,450. 2021 AMOUNT: $ 240,298. 2022 AMOUNT: $ 757,655. 2023 AMOUNT: $ 1,308,667. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 760 760 0 PART II-B, LINE 1: LOBBYING EXPENSE THE UNIVERSITY IS A MEMBER OF THE NATIONAL ASSOCIATION OF INDEPENDENT COLLEGES AND UNIVERSITIES (NAICU) THAT PROMOTES THE NEEDS OF HIGHER EDUCATION AND PROVIDES INFORMATION TO THE INDUSTRY. THE ASSOCIATION PROVIDES AN ALLOCATION OF THE ANNUAL DUES TO LOBBYING EFFORTS. EIGHT PERCENT OF THE ANNUAL DUES ARE USED FOR LOBBYING EFFORTS. THE PORTION OF ANNUAL DUES INVOLVED IN LOBBYING ACTIVITIES IS NEGLIGIBLE TO THE UNIVERSITY. THIS REPRESENTS THE ONLY LOBBYING ACTIVITIES OF THE UNIVERSITY. 43405 X 0 0 1 X 49435184 2194144 5636569 1548130 55717767 41453806 5358376 4031726 1408724 49435184 46613086 2314915 -6222247 1251948 41453806 36225313 1823733 9554559 970611 19908 46613086 26684969 8718574 1644186 806020 16396 36225313 0.30700 0.57700 0.11600 0 0 2009990 2009990 133845672 65047001 68798671 23128520 20709672 2418848 17898311 12087273 5811038 79038547 ALTERNATIVE INVESTMENTS 29691180 F TRUSTS 141837 F 29833017 OPERATING LEASE LIABILITY 3520247 CONDITIONAL ASSET RETIREMENT 1892439 U.S. GOV'T GRANTS REFUNDABLE 218992 5631678 X 100955707 5002469 -34602524 -29600055 130555762 -218178 -218178 130337584 85875131 490501 490501 85384630 34874847 34874847 120259477 PART III, LINE 4: COLLECTIONS OF ART THE UNIVERSITY MAINTAINS VARIOUS PIECES OF ART FOR DISPLAY THROUGHOUT THE CAMPUS; THIS ARTWORK ENHANCES STUDENT AND FACULTY APPRECIATION OF FINE ART WHILE SIMULTANEOUSLY IMPROVING THE AESTHETICS OF THE UNIVERSITY CAMPUS. PART IV, LINE 2B: TRUST, ESCROW AND CUSTODIAL ARRANGEMENTS THE UNIVERSITY HOLDS CUSTODIAL ACCOUNTS ON BEHALF OF ITS MATRICULATING STUDENTS. THESE FUNDS ARE ULTIMATELY USED TO FINANCE STUDENT ACTIVITIES, DINING FACILITIES, CLUBS AND OTHER PROGRAMS. THIS ACCOUNT IS REPORTED ON THE UNIVERSITY'S FINANCIAL STATEMENTS AND IS REPORTED ON PART X, LINE 21. DURING FISCAL 2012, THE UNIVERSITY ENTERED INTO AN AGREEMENT WITH A THIRD-PARTY ORGANIZATION THAT WILL FUND AN INVESTMENT IN CAPITAL IMPROVEMENTS TO THE UNIVERSITY'S DINING SERVICE FACILITY IN A SUM NOT TO EXCEED $5,000,000. THE INVESTMENT IS AMORTIZED ON A STRAIGHT-LINE BASIS, WHICH COMMENCED OCTOBER 2012 THROUGH JUNE 2027, AS THE UNIVERSITY HOLDS TITLE TO SUCH IMPROVEMENTS. IF THE AGREEMENT EXPIRES OR IS TERMINATED FOR ANY REASON PRIOR TO THE FULL AMORTIZATION, THE UNIVERSITY IS LIABLE FOR THE UNAMORTIZED PORTION OF THE INVESTMENT. THE UNIVERSITY RECEIVED THE FIRST INSTALLMENT OF $2 MILLION IN FISCAL 2012 AND AN ADDITIONAL $2.5 MILLION IN FISCAL 2013. THIS ACCOUNT IS REPORTED ON THE UNIVERSITY'S FINANCIAL STATEMENTS AND IS REPORTED ON PART X, LINE 21. IN AUGUST 2018, THE UNIVERSITY TERMINATED ITS CONTRACT WITH THE THIRD-PARTY ORGANIZATION. AS A RESULT, THE UNAMORTIZED PORTION OF THE INVESTMENT IN CAPITAL IMPROVEMENTS WAS PAID BACK TO THE THIRD-PARTY ORGANIZATION. THEREFORE, THERE IS NO ACCOUNT BALANCE ON JUNE 30, 2024. PART V, LINE 4: ENDOWMENT FUNDS THE UNIVERSITY'S ENDOWMENT FUND IS INTENDED TO SUPPORT THE UNIVERSITY'S EDUCATIONAL MISSION THROUGH SCHOLARSHIPS AND EDUCATIONAL PROGRAMS. PART X, LINE 2: FIN 48 UNIVERSITY OF MT. ST. VINCENT HAS BEEN RECOGNIZED AS A PUBLIC CHARITY GENERALLY EXEMPT FROM FEDERAL INCOME TAXATION UNDER PROVISIONS OF SECTION 501(A) AS DESCRIBED IN SECTION 501(C)(3) OF THE CODE OF 1986, AS AMENDED. THE UNIVESITY IS SUBJECT TO TAX ON INCOME UNRELATED TO ITS EXEMPT PURPOSE UNLESS THAT INCOME IS OTHERWISE EXCLUDED BY THE CODE. THE UNIVERSITY HAS PROCESSES PRESENTLY IN PLACE TO ENSURE THE MAINTENANCE OF ITS TAXEXEMPT STATUS; TO IDENTIFY AND REPORT UNRELATED INCOME; TO DETERMINE ITS FILING AND TAX OBLIGATIONS IN JURISDICTIONS FOR WHICH IT HAS NEXUS; AND, TO IDENTIFY AND EVALUATE OTHER MATTERS THAT MAY BE CONSIDERED TAX POSITIONS. UNIVERSITY OF MT. ST. VINCENT FOLLOWS GUIDANCE THAT CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN, INCLUDING ISSUES RELATING TO FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT. THIS GUIDANCE PROVIDES THAT THE INCOME TAX EFFECTS FROM AN UNCERTAIN TAX POSITION CAN ONLY BE RECOGNIZED IN THE FINANCIAL STATEMENTS 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 TAX POSITION MAY BE CHALLENGED. PART XI, LINE 2D - OTHER ADJUSTMENTS: SCHOLARSHIP EXPENSE -34,874,847. COST OF GOODS SOLD 272,323. PART XI, LINE 4B - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES -218,178. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 272,323. FUNDRAISING EXPENSE 218,178. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIP EXPENSE 34,874,847. 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 UNIVERSITY'S NON-DISCRIMINATORY POLICY IS DISCLOSED IN ALL PUBLICATIONS, PRINTED AND DISTRIBUTED BY THE UNIVERSITY, AS WELL AS ON ITS WEBSITE. SCHEDULE E, PART I, LINE 6 THE UNIVERSITY ACCEPTS BOTH FEDERAL AND STATE GOVERNMENTAL FUNDING FOR THE PURPOSES OF PROVIDING FINANCIAL AID TO STUDENTS MATRICULATING AT THE UNIVERSITY. CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 12218936 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 INVESTMENTS 4792857 EAST ASIA AND THE PACIFIC 0 0 INVESTMENTS 1285648 0 0 0 0 0 0 18297441 0 18297441 1 0 1 1 1 0 PART I, LINE 3: ACCOUNTING METHOD USED INVESTMENTS ARE REPORTED BY THE UNIVERSITY AT THEIR BOOK VALUE AS RECORDED IN THE UNIVERSITY'S BOOKS AND RECORDS. PART IV: UNIVERSITY OF MOUNT SAINT VINCENT 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 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 UNIVERSITY'S FORM 990-T. TRIBUTE DINNER 419794 182307 237487 24684 106450 46820 40224 419794 182307 237487 24684 106450 46820 40224 218178 19309 1 SCHOLARSHIPS 1378 35861689 PART I, LINE 2: GRANTS AND OTHER ASSISTANCE IN THE UNITED STATES THE UNIVERSITY PROVIDES SCHOLARSHIPS TO STUDENTS MATRICULATING AT THE UNIVERSITY; THESE SCHOLARSHIPS MAY ONLY BE USED BY STUDENTS TO DEFRAY THE COSTS OF TUITION AND/OR ROOM AND BOARD. SINCE THE STUDENTS MAY NOT EXERCISE ANY DISCRETION ON HOW THE FUNDS ARE SPENT, THE UNIVERSITY IS NOT REQUIRED TO MONITOR THE GRANTS (OTHER THAN TO ENSURE THAT THE STUDENT IS FULFILLING THE REQUIREMENTS FOR EARNING THE SCHOLARSHIP). X 0 1 X X X X X 0 0 0 0 0 0 0 0 0 SUSAN R BURNS PRESIDENT 346512 0 0 0 0 0 22304 0 100651 0 469467 0 0 0 ABED ELKESHK SENIOR EVP, TREAURER & CFO 247575 0 0 0 0 0 15368 0 21645 0 284588 0 0 0 MADELEINE MELKONIAN SVP FOR EXTERNAL RELATIONS 226770 0 0 0 0 0 13970 0 19169 0 259909 0 0 0 LYNNE BONGIOVANNI PROVOST 242841 0 0 0 0 0 13970 0 2500 0 259311 0 0 0 KEVIN DEGROAT VP FOR OPERATIONS 179704 0 0 0 0 0 12300 0 53024 0 245028 0 0 0 CATHERINE SHARBAUGH DEAN OF NURSING 178567 0 0 0 0 0 8645 0 31857 0 219069 0 0 0 W ADAM WICHERN VP INFO. AND TECH./CIO 165270 0 0 0 0 0 10533 0 21369 0 197172 0 0 0 SHULAMITE ODOGWU ASSOCIATE DEAN OF NURSING 164952 0 0 0 0 0 3767 0 0 0 168719 0 0 0 PART I, LINE 1A HOUSING: AS A CONDITION OF EMPLOYMENT AND FOR THE CONVENIENCE OF THE UNIVERSITY HOUSING IS PROVIDED TO THE PRESIDENT. THE HOUSING IS IN CLOSE PROXIMITY TO THE CAMPUS AND REQUIRED AS A CONDITION OF EMPLOYMENT TO ENABLE THE PRESIDENT TO BE AVAILABLE 24/7 TO RESPOND TO EMERGENT SITUATIONS, SHOULD THEY ARISE, AS WELL AS TO ALLOW THE PRESIDENT TO CONDUCT BUSINESS AFTER HOURS TO EFFECTUATE THE DUTIES OF HER ROLE. THIS BENEFIT WAS CONSIDERED NONTAXABLE, AND THE VALUE OF THE HOUSING BENEFIT IS INCLUDED IN SCHEDULE J, PART II, COLUMN (D). THE HOUSING BENEFIT PROVIDED BY THE UNIVERSITY IS PART OF THE PRESIDENT'S COMPENSATION PACKAGE AND WITHIN THE EMPLOYMENT AGREEMENT. A BUILD NYC RESOURCE CAMP 454040561 2016-12-01 10880000 REFUNDING BONDS 0 0 0 A 3415000 10880000 10880000 1 0 1 1 A 0 0 0 0 0 0 0 A 0 1 0 0 0 0 0 0 0 A 0 WRITTEN BOND POLICIES: THE ORGANIZATION HAS NOT VIOLATED ANY APPLICABLE REQUIREMENTS FOR TAX EXEMPT BONDS BENEFITING THE ORGANIZATION. THE ORGANIZATION IS WORKING WITH BOND COUNSEL TO ESTABLISH WRITTEN PROCEDURES TO ENSURE TIMELY IDENTIFICATION OF FEDERAL TAX REQUIREMENTS AND TIMELY CORRECTION OF ANY IDENTIFIED VIOLATIONS. PART IV, LINE 2C: FORM 8038-T HAS NOT BEEN FILED AS NO REBATE IS DUE. X 7 253404 FMV 0 0 1 0 PART I, COLUMN (B): THE UNIVERSITY IS REPORTING THE NUMBER OF CONTRIBUTIONS RECEIVED. FORM 990, PART III, LINE 1: THE UNIVERSITY COMBINES A STRONG CORE CURRICULUM WITH A FULL ARRAY OF MAJORS IN THE LIBERAL ARTS AND, WITHIN THE TRADITION OF LIBERAL EDUCATION, SELECTED PROFESSIONAL FIELDS OF STUDY. AT MOUNT SAINT VINCENT, A STUDENT'S EDUCATION EXTENDS BEYOND KNOWLEDGE, SKILLS, AND PREPARATION FOR WORK. WE SEEK THE DEVELOPMENT OF THE WHOLE PERSON. IN THE SPIRIT OF VINCENT DE PAUL AND ELIZABETH ANN SETON, WE FOSTER AN UNDERSTANDING OF OUR COMMON HUMANITY, A COMMITMENT TO HUMAN DIGNITY, AND A FULL APPRECIATION OF OUR OBLIGATIONS TO EACH OTHER. THROUGH ITS SCHOOL OF PROFESSIONAL AND CONTINUING STUDIES, THE UNIVERSITY EXTENDS ITS PRIMARY UNDERGRADUATE MISSION BY OFFERING HIGH QUALITY GRADUATE STUDIES IN BUSINESS, EDUCATION, NURSING, PHYSICIAN ASSISTANT, AND AN ARRAY OF UNDERGRADUATE AND CERTIFICATE PROGRAMS SERVING NON-TRADITIONAL STUDENTS. FORM 990, PART VI, SECTION B, LINE 11B PROCESS USED TO REVIEW FORM 990 THE FORM 990 WAS PREPARED BY A TAX ADVISORY FIRM IN CONJUNCTION WITH THE ORGANIZATION'S FINANCIAL DEPARTMENT. THE FORM 990 WAS PRESENTED TO THE AUDIT COMMITTEE IN MARCH OF 2025 AND A COPY THE DRAFT FORM 990 WAS CIRCULATED TO THE BOARD OF TRUSTEES FOR DISCUSSION AND COMMENT. THE BOARD OF TRUSTEES HAS DIRECTED THAT INFORMATION ON INDIVIDUAL DONORS NOT BE GENERALLY DISTRIBUTED. HOWEVER, THIS INFORMATION IS AVAILABLE TO ANY TRUSTEES WHO REQUEST IT FOR REVIEW. EACH AUDIT COMMITTEE MEMBER AND BOARD OF TRUSTEES MEMBER WAS PROVIDED AMPLE OPPORTUNITY TO COMMENT ON THE INFORMATION CONTAINED IN THE 990 PRIOR TO ITS FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C ENFORCEMENT AND MONITORING OF CONFLICT OF INTEREST POLICY POTENTIAL CONFLICTS OF INTEREST ARE REVIEWED ANNUALLY BY THE AUDIT COMMITTEE. RELATIONSHIPS BETWEEN BOARD MEMBERS, OFFICERS OR KEY EMPLOYEES OF THE UNIVERSITY MUST BE FULLY DISCLOSED. IN SUCH INSTANCE, THE TRUSTEE, OFFICER, OR KEY EMPLOYEE OF THE UNIVERSITYMUST: A. TRUSTEES 1) IF A TRUSTEE DISCLOSES THE EXISTENCE OF SUCH INTEREST AND DESCRIBES THE NATURE THEREOF TO THE OTHER TRUSTEES AT SUCH TIME AS ONE BECOMES AWARE OF IT, AND IN ALL INSTANCES PRIOR TO THE TIME FINAL ACTION IS TAKEN BY THE BOARD AND/OR THE EXECUTIVE COMMITTEE WITH RESPECT TO THAT MATTER; 2) ABSTAIN FROM VOTING THEREON, WITH THE MEETING MINUTES RECORDING SUCH ABSTENTION; AND 3) RECUSE HIMSELF/HERSELF FROM THE MEETING DURING SOME PORTION OF THE DISCUSSION OF THE MATTER IF THE BOARD CHAIRMAN SO REQUESTS THIS POLICY, HOWEVER, SHOULD NOT BE CONSTRUED AS PREVENTING THE TRUSTEE FROM BRIEFLY STATING HIS/HER POSITION IN THE MATTER, NOR FROM ANSWERING PERTINENT QUESTIONS OF OTHER TRUSTEES, NOR FROM RECOMMENDING THAT THE TRUSTEES ENTER INTO SUCH TRANSACTION, SINCE HIS/HER KNOWLEDGE MAY BE OF GREAT ASSISTANCE TO THE ENTIRE BOARD. B. OFFICERS 1) IF AN OFFICER DISCLOSES THE EXISTENCE OF SUCH INTEREST AND DESCRIBES THE NATURE THEREOF TO THE PRESIDENT AT SUCH TIME AS ONE BECOMES AWARE OF IT, AND IN ALL INSTANCES PRIOR TO THE TIME THE FINAL ACTION IS TAKEN BY THOSE RESPONSIBLE FOR THE RECOMMENDATION AND/OR DECISION INVOLVED; 2) ABSTAIN FROM MAKING A RECOMMENDATION OR DECISION ON THE MATTER INVOLVED AND SUBMIT A WRITTEN STATEMENT TO THE OFFICE OF THE PRESIDENT REPORTING HAVING RECUSED HIMSELF/HERSELF THEREON; THE PRESIDENT SHALL INFORM THE EXECUTIVE COMMITTEE OF THE BOARD. C. KEY EMPLOYEES 1) IF A KEY EMPLOYEE DISCLOSED THE EXISTENCE OF SUCH INTEREST AND DESCRIBES THE NATURE THEREOF TO THE APPROPRIATE SENIOR ADMINISTRATOR AND TO THE PRESIDENT AT SUCH TIME AS ONE BECOMES AWARE OF IT, AND IN ALL INSTANCES, PRIOR TO THE TIME THE FINAL ACTION IS TAKEN BY THOSE RESPONSIBLE FOR THE RECOMMENDATION AND/OR DECISION INVOLVED; 2) ABSTAIN FROM MAKING OR PARTICIPATING IN MAKING A RECOMMENDATION OR DECISION ON THE MATTER INVOLVED AND SUBMIT A WRITTEN STATEMENT TO THE OFFICE OF THE APPROPRIATE VICE PRESIDENT REPORTING HAVING RECUSED HIMSELF/HERSELF THEREON. FORM 990, PART VI, SECTION B, LINE 15 PROCESS FOR DETERMINING COMPENSATION THE PROCESS OF DETERMINING THE PRESIDENT'S COMPENSATION IS DETERMINED AND VOTED ON BY THE BOARD OF TRUSTEES. THE EXECUTIVE COMMITTEE, WHICH IS RESPONSIBLE FOR REVIEWING AND DOCUMENTING THE COMPENSATION OF THE PRESIDENT, USES DATA PROVIDED BY AN INDEPENDENT COMPENSATION CONSULTANT. DOCUMENTATION OF THE EXECUTIVE COMMITTEE'S DELIBERATIONS REGARDING PRESIDENTIAL COMPENSATION DECISIONS IS PREPARED, APPROVED BY THE COMMITTEE AND FILED WITH OTHER BOARD-RELATED DOCUMENTS THAT ARE MAINTAINED AT THE UNIVERSITY. THE EXECUTIVE COMMITTEE REPORTS CHANGES TO THE PRESIDENT'S COMPENSATION IN EXECUTIVE SESSION TO THE FULL BOARD. THE PROCESS OF SETTING COMPENSATION FOR COMPENSATION OF OTHER OFFICERS (VP'S) AND THE PROVOST OF THE ORGANIZATION IS DETERMINED BY THE CEO (PRESIDENT) BASED UPON COMPARABILITY DATA. THE MOST RECENT COMPENSATION STUDY WAS CONDUCTED DURING FISCAL YEAR 2017. FORM 990, PART VI, SECTION C, LINE 19 AVAILABILITY OF DOCUMENTS TO THE PUBLIC THE UNIVERSITY MAKES ITS FORM 990 AVAILABLE TO THE PUBLIC BY RETAINING A COPY AT ITS PLACE OF BUSINESS. THE FORM 990 IS LIKEWISE PUBLISHED ON THE INTERNET AT WWW.GUIDESTAR.ORG. THE ORGANIZATION'S FINANCIAL STATEMENTS, GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE NOT ORDINARILY MADE AVAILABLE TO THE PUBLIC, BUT, IF REQUESTED, WILL BE PROVIDED AT MANAGEMENT'S DISCRETION.