2023-05-15T21:26:16-05:00 2022-06-30 873707167 CBIZ MARKS PANETH LLC 685 THIRD AVENUE NEW YORK NY 10017 990 2021-07-01 131967321 MERCY COLLEGE MERC 9144552650 555 BROADWAY DOBBS FERRY NY 10522 NARDA ROMERO CONTROLLER AND ASSISTANT TREASURER 9146747841 2023-05-15 1 NARDA ROMERO 999009999 MAGDALENA CZERNIAWSKI P00535099 2125038800 2023-05-15 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z NARDA ROMERO 555 BROADWAY DOBBS FERRY NY 10522 398510967 0 X WWW.MERCY.EDU X 1950 NY EDUCATE STUDENTS IN LIBERAL ARTS, SCIENCES, BUSINESS, EDUCATION AND PROFESSIONAL PROGRAMS. 23 20 2413 22 -125568 0 16143984 38847535 177116691 170769045 10831583 28575874 1119219 1274818 205211477 239467272 39093999 47064820 0 0 84871656 87984973 0 0 2447289 65369023 73970278 189334678 209020071 15876799 30447201 646039806 626665016 234837579 230601616 411202227 396063400 X MERCY COLLEGE 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 165692586 47064820 171579428 MERCY COLLEGE IS A COMPREHENSIVE COLLEGE OFFERING BOTH UNDERGRADUATE AND GRADUATE DEGREE PROGRAMS TO OVER 9,500 STUDENTS. THE COLLEGE HAS THREE CAMPUS LOCATIONS IN NEW YORK CITY AND WESTCHESTER COUNTIES AND ALSO OFFERS ONLINE COURSES THROUGH THE INTERNET. STUDENTS ARE PRIMARILY FROM THE NEW YORK METROPOLITAN AREA. 165692586 1 1 0 0 0 0 0 1 0 1 1 1 0 1 1 1 1 0 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 0 0 1 2413 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 23 20 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X NARDA A ROMERO CONTROLLER AND ASSISTANT TREASURER 9146747841 555 BROADWAY DOBBS FERRY NY 10522 ALEX FERRARI TRUSTEE 1.00 X 0 0 0 BRUCE J HABER VICE CHAIRMAN 1.00 X X 0 0 0 CARLOS S PASSI TRUSTEE 1.00 X 9000 0 0 CHRIS SOBECKI TRUSTEE 1.00 X 0 0 0 DAVID L JOHNSON TRUSTEE 1.00 X 0 0 0 EDWARD B DUNN VICE CHAIRMAN 1.00 X X 0 0 0 GARY BERNSTEIN TRUSTEE 1.00 X 27945 0 0 GREGORY H WILLIAMS TRUSTEE 1.00 X 0 0 0 JAMES B JENKINS TRUSTEE 1.00 X 0 0 0 JAMES M MCCORMICK VICE CHAIRMAN 1.00 X X 0 0 0 JOHN R THOMPSON TRUSTEE 1.00 X 0 0 0 JOSEPH GANTZ CHAIRMAN 1.00 X X 0 0 0 JOSEPH P CARLUCCI ESQ VICE CHAIRMAN 1.00 X X 0 0 0 MARLENE TUTERA TRUSTEE 1.00 X 0 0 0 MELISSA ENCARNACAO BATTISTA TRUSTEE 1.00 X 0 0 0 MICHAEL F HAYES TRUSTEE 1.00 X 0 0 0 MICHELE A QUIROLO TRUSTEE 1.00 X 18000 0 0 PATRICIA BLACKMAR TRUSTEE 1.00 X 0 0 0 RICHARD AKS TRUSTEE 1.00 X 0 0 0 ROBERT H NIEHAUS TRUSTEE 1.00 X 0 0 0 SARAH A O'CONNOR TRUSTEE 1.00 X 6100 0 0 SUSAN MAKLARI TRUSTEE 1.00 X 0 0 0 TIMOTHY L HALL PRESIDENT 40.00 X X 732851 0 241341 VALERIE MASON CUNNINGHAM TRUSTEE 1.00 X 0 0 0 BRETT CARROLL CHIEF FINANCIAL OFFICER 40.00 X 307145 0 29329 JESSICA L HABER CHIEF OF STAFF 40.00 X 229531 0 45817 NARDA A ROMERO CONTROLLER & ASSISTANT TREASURER 40.00 X 201284 0 22033 ADAM J CASTRO VP ADMISSIONS 40.00 X 282368 0 31841 JOSE HERRERA PROVOST (OUTGOING) 40.00 X 207351 0 20283 PETER H WEST INTERIM PROVOST 40.00 X 203443 0 20635 THOMAS SIMMONDS VP OPERATIONS & FACILITES 40.00 X 288149 0 71745 BERNADETTE WADE CHIEF ADVANCEMENT OFFICER 40.00 X 225603 0 44227 CAMILLE SHELLEY CHIEF INFORMATION OFFICER 40.00 X 246949 0 34586 KEVIN JOYCE VP STUDENT AFFAIRS 40.00 X 251912 0 49454 LLOYD GIBSON DEAN SCHOOL OF BUSINESS 40.00 X 238061 0 49970 WILLIAM LATIMER II VP BRONX, CNR 40.00 X 270405 0 38700 3746097 0 699961 127 0 1 0 ELLUCIAN COMPANY LP 62590 COLLECTIONS CENTER DRIVE CHICAGO IL 60693 INFORMATION TECHNOLOGY 4292477 LESSINGS 3500 SUNRISE HWY SUITE 100 GREAT RIVER NY 11739 HOSPITALITY 1228051 MARKS PANETH LLP 685 THIRD AVENUE NEW YORK NY 10017 ACCOUNTING SERVICES 231000 BOND SCHOENECK & KING PLLC ONE LINCOLN CENTER SYRACUSE NY 13202 LEGAL SERVICES 141054 NK ARCHITECTS 95 WASHINGTON ST MORRISTOWN NJ 07960 ARCHITECTURAL SERVICES 137242 85 429976 34516539 3901020 383687 38847535 GROSS TUITION & FEES 900099 163088071 163088071 AUXILIARY INCOME 900099 7680974 7680974 170769045 1486305 -125568 1611873 467913 0 467913 467913 467913 186070745 158981176 27089569 27089569 27089569 59041 429976 62519 -3478 -3478 OTHER 900099 413629 413629 PRIOR YEAR RECOVERIES 900099 285800 285800 ATHLETIC INCOME 900099 110954 110954 810383 239467272 171579428 -125568 29165877 47064820 47064820 2961960 2961960 66829645 57700493 7973431 1155721 3449261 2943116 434036 72109 9330319 7443123 1704831 182365 5413788 4270607 1038547 104634 8006125 4059945 3860739 85441 472488 472488 253003 253003 1181798 1181798 2954078 1865928 1048882 39268 3363375 3299737 63638 3220701 2002395 1130115 88191 6487943 3602446 2770717 114780 15056155 13586256 1320443 149456 949384 597923 345372 6089 203140 127938 73899 1303 2061708 1849398 191987 20323 10753187 9785400 860255 107532 1178596 1178596 SUPPLIES AND SERVICES 8073552 5019541 2832937 221074 BAD DEBT 3750000 3750000 MAINTENANCE 2007797 1759135 229137 19525 STUDENT FOOD SERVICES 1911013 1911013 2086235 103109 1967286 15840 209020071 165692586 40880196 2447289 32859275 19350678 12170450 10540435 3139358 23862967 12101449 14827533 422494 349656 2840734 3505494 205351510 95713398 114954194 109638112 224225440 185134245 86496130 109280675 156830282 150175221 646039806 626665016 10107315 12037328 7822965 8598932 49385118 48258054 167522181 161707302 234837579 230601616 X 396807781 376703802 14394446 19359598 411202227 396063400 646039806 626665016 X 30447201 -51566286 5980258 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 175341 X 0 321745463 6190017 -23110333 7945114 1181386 295698647 249360142 703397 72820500 336395 802181 321745463 255751263 129352 1436677 6984837 972313 249360142 245533842 717818 10526436 99292 927541 255751263 224444449 5322717 16853363 88819 997868 245533842 0.95135 0.04034 0.00831 1 0 13795645 13795645 128036081 49985388 78050693 22530752 15989874 6540878 35565973 26303444 9262529 5423059 3434692 1988367 109638112 LP INTERESTS 109280675 F 109280675 DEPOSITS HELD BY BOND TRUSTEES 945340 VENDOR DEPOSITS 47585 OPERATING LEASE RIGHT-OF-USE ASSETS 149182296 150175221 ADVANCES FROM FEDERAL GOVERNMENT FOR STUDENT LOANS 1167263 CONDITIONAL ASSET RETIREMENT OBLIGATION 3030428 LEASE RIGHT TO USE ASSETS 157509611 161707302 X 145697145 -51566286 -41084562 -92650848 238347993 1181798 -62519 1119279 239467272 160835972 62519 62519 160773453 1181798 47064820 48246618 209020071 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 COLLEGE BELIEVES IT HAS NO UNCERTAIN TAX POSITIONS AS OF JUNE 30, 2022 AND 2021 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 -47,064,820. GAIN (LOSS) ON INTEREST RATE SWAPS 881,051. OTHER INCREASE IN ENDOWMENT FUNDS 5,099,207. PART XI, LINE 4B - OTHER ADJUSTMENTS: DIRECT FUNDRASING EXPENSES -62,519. PART XII, LINE 2D - OTHER ADJUSTMENTS: DIRECT FUNDRASING EXPENSES 62,519. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS 47,064,820. 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 COLLEGE 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 COLLEGE IS RECOGNIZED AS A MINORITY SERVING INSTITUTION. SCHEDULE E, PART I, LINE 6 MERCY COLLEGE 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. CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 INVESTMENTS INVESTMENTS 72553093 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 INVESTMENTS INVESTMENTS 348040 0 0 0 0 0 0 72901133 0 72901133 1 0 0 1 1 0 PART III ACCOUNTING METHOD: TRUSTEES DINNER 426032 395541 30491 21161 8051 GOLF CLASSIC 62985 34435 28550 26924 6383 489017 429976 59041 48085 14434 62519 -3478 1 SCHOLARSHIPS 9416 44777236 FMV INSTITUTIONAL AID DISCOUNTS AND EXPENDITURES 762 2287584 FMV INSTITUTIONAL DISCOUNTS 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. SCHEDULE I, PART III SCHOLARSHIPS AND DISCOUNTS ARE BASED ON ACADEMIC PERFORMANCE AND FINANCIAL NEED, AND ARE GIVEN TO CURRENT SCHOLARS. THEY ARE ADMINISTERED BY THE OFFICES OF ADMISSIONS AND STUDENT SERVICES. X 1 1 X X 0 0 0 0 0 0 0 1 0 TIMOTHY L HALL PRESIDENT 594612 0 100000 0 38239 0 40000 0 201341 0 974192 0 0 0 THOMAS SIMMONDS VP OPERATIONS & FACILITES 259952 0 25000 0 3197 0 28636 0 43109 0 359894 0 0 0 BRETT CARROLL CHIEF FINANCIAL OFFICER 281875 0 25000 0 270 0 29329 0 0 0 336474 0 0 0 ADAM J CASTRO VP ADMISSIONS 252964 0 25000 0 4404 0 26204 0 5637 0 314209 0 0 0 WILLIAM LATIMER II VP BRONX, CNR 259631 0 10000 0 774 0 27262 0 11438 0 309105 0 0 0 KEVIN JOYCE VP STUDENT AFFAIRS 225724 0 25000 0 1188 0 24266 0 25188 0 301366 0 0 0 LLOYD GIBSON DEAN SCHOOL OF BUSINESS 235775 0 0 0 2286 0 25305 0 24665 0 288031 0 0 0 CAMILLE SHELLEY CHIEF INFORMATION OFFICER 221535 0 25000 0 414 0 0 0 34586 0 281535 0 0 0 JESSICA L HABER CHIEF OF STAFF 204351 0 25000 0 180 0 22543 0 23274 0 275348 0 0 0 BERNADETTE WADE CHIEF ADVANCEMENT OFFICER 216915 0 7500 0 1188 0 23183 0 21044 0 269830 0 0 0 JOSE HERRERA PROVOST (OUTGOING) 177127 0 30000 0 224 0 20283 0 0 0 227634 0 0 0 PETER H WEST INTERIM PROVOST 203173 0 0 0 270 0 20635 0 0 0 224078 0 0 0 NARDA A ROMERO CONTROLLER & ASSISTANT TREASURER 200510 0 0 0 774 0 21013 0 1020 0 223317 0 0 0 PART I, LINE 1A TIMOTHY L. HALL RECEIVED HOUSING IN THE AMOUNT OF $171,036 WHICH IS INCLUDED IN SCHEDULE J, PART II, COLUMN (D). PART I, LINE 7 BONUSES ARE APPROVED BY THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES. PART II, COLUMN B(III): THE AMOUNT ON THIS COLUMN FOR TIMOTHY HALL INCLUDES CONTRIBUTION TO 457(B) RETIREMENT PLAN. IN ADDITION, FOR TIMOTHY HALL, THOMAS SIMMONDS, AND ADAM CASTRO, THIS AMOUNTS ALSO INCLUDES TAXABLE AMOUNT OF CAR ALLOWANCE. A DOBBS FERRY LOCAL DEVELOPMENT CORPORATION 800668125 256048AA7 2014-07-31 8255000 INFRASTRUCTURE IMPROVEMENTS 0 0 0 B DOBBS FERRY LOCAL DEVELOPMENT CORPORATION 800668125 256048AB5 2014-07-31 12565000 INFRASTRUCTURE IMPROVEMENTS 0 0 0 C DOBBS FERRY LOCAL DEVELOPMENT CORPORATION 800668125 256048AC3 2014-07-31 16035000 INFRASTRUCTURE IMPROVEMENTS 0 0 0 A 8255000 135214 8119786 2015 0 0 0 1 B 12565000 205810 12359190 2015 0 0 0 1 C 16035000 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 1 0 0 0 1 B 0 0 0 1 1 0 0 0 1 C 0 0 0 1 1 0 0 0 1 A 1 B 1 C 1 X 6 116880 FAIR MARKET VALUE 0 1 1 PART I, COLUMN (B): THE NUMBER IN COLUMN (B) REPRESENTS THE NUMBER OF CONTRIBUTORS. PART I, LINE 32B: MERCY COLLEGE USES CHARITY BUZZ AND GRAND STAND SPORTS, ONLINE AUCTION SERVICE, TO AUCTION DONATED GOODS. FORM 990, PART VI, SECTION B, LINE 11B AN INDEPENDENT ACCOUNTANT PREPARES THE FORM 990 AND SENIOR MANAGEMENT REVIEWS THE FORM 990. IT IS THEN PROVIDED TO THE BOARD OF TRUSTEES PRIOR TO FILING WITH THE IRS. 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 COLLEGE. FORM 990, PART VI, SECTION C, LINE 19 MERCY COLLEGE 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: GAIN (LOSS) ON INTEREST RATE SWAPS 881,051. OTHER INCREASE IN ENDOWMENT FUNDS 5,099,207. FORM 990, PART XII, LINE 2C: THE PROCESS OF OVERSEEING THE AUDIT AND SELECTION OF INDEPENDENT ACCOUNTANT DID NOT CHANGE FROM THE PRIOR YEAR.