2023-05-11T13:39:05-05:00 2022-06-30 366055558 GRANT THORNTON LLP 757 THIRD AVENUE 3RD FLOOR NEW YORK NY 100172013 990 2021-07-01 111797182 MOLLOY UNIVERSITY MOLL 5163233000 1000 HEMPSTEAD AVENUE PO BOX 5002 ROCKVILLE CENTRE NY 115715002 SUSAN D WILLIAMS VP FOR FINANCE & TREASURER 5163233000 2023-05-11 1 SUSAN WILLIAMS 999009999 SCOTT THOMPSETT P00741490 2125990100 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z X JAMES P LENTINI 1000 HEMPSTEAD AVENUE PO BOX 5002 ROCKVILLE CENTRE NY 115715002 193587146 0 X WWW.MOLLOY.EDU X 1955 NY MOLLOY IS AN INDEPENDENT CATHOLIC UNIVERSITY ROOTED IN THE DOMINICAN TRADITION OF STUDY. 26 25 2081 100 359755 0 13535715 16613283 142077332 145957857 2205186 1211281 549015 1195914 158367248 164978335 35214333 38660410 0 0 78321188 84054593 0 0 1429765 37905990 41431745 151441511 164146748 6925737 831587 267253283 260681891 134872031 134851103 132381252 125830788 X MOLLOY UNIVERSITY, AN INDEPENDENT CATHOLIC UNIVERSITY, ROOTED IN THE DOMINICAN TRADITION OF STUDY, SPIRITUALITY, SERVICE, AND COMMUNITY, IS COMMITTED TO ACADEMIC EXCELLENCE WITH RESPECT FOR EACH PERSON. THROUGH TRANSFORMATIVE EDUCATION, MOLLOY PROMOTES A LIFELONG SEARCH FOR TRUTH AND THE DEVELOPMENT OF ETHICAL LEADERSHIP. 0 0 136331558 38660410 145975215 SEE SCHEDULE OFOUNDED IN 1955 BY THE DOMINICAN SISTERS OF AMITYVILLE, MOLLOY UNIVERSITY (THE "UNIVERSITY OR "MOLLOY") IS AN INDEPENDENT CATHOLIC UNIVERSITY, ROOTED IN THE DOMINICAN TRADITION OF STUDY, SPIRITUALITY, SERVICE, AND COMMUNITY, AND COMMITTED TO ACADEMIC EXCELLENCE WITH RESPECT FOR EACH PERSON. THROUGH TRANSFORMATIVE EDUCATION, MOLLOY PROMOTES A LIFELONG SEARCH FOR TRUTH AND THE DEVELOPMENT OF ETHICAL LEADERSHIP. WITH NEARLY 5,000 STUDENTS, MOLLOY UNIVERSITY OFFERS 109 UNDERGRADUATE DEGREES IN CAREER AREAS, PROFESSIONAL AREAS AND IN THE LIBERAL ARTS AND SCIENCES, AS WELL AS 66 MASTER'S DEGREES AND 3 DOCTORAL DEGREES, WITH 6 DNP NURSING TRACKS, THE MOST RECENT THE ED.D. IN EDUCATIONAL LEADERSHIP FOR DIVERSE LEARNING COMMUNITIES, ADDED IN 2015. THE UNIVERSITY PROVIDES A STUDENT-CENTERED LEARNING EXPERIENCE WHICH ENHANCES THE INTELLECTUAL, ETHICAL, SPIRITUAL AND SOCIAL DEVELOPMENT OF EVERY STUDENT, AND STRIVES TO ENHANCE THE QUALITY OF ITS ACADEMIC PROGRAMS, FACULTY, AND TEACHING LEARNING ENVIRONMENT. THE UNIVERSITY CONTINUES TO IDENTIFY, RECRUIT AND EDUCATE STUDENTS WHO DEMONSTRATE LEADERSHIP QUALITIES, UNDERSTAND THE NEED FOR CIVIC ENGAGEMENT AND ASPIRE TO SERVE THE COMMUNITY. LOCATED IN ROCKVILLE CENTRE, NY, THE UNIVERSITY IS A DYNAMIC LEARNING INSTITUTION WITH OUTSTANDING FACULTY, STATE-OF-THE-ART-TECHNOLOGY AND DISTINGUISHED ACADEMIC PROGRAMS. NOTABLY, MOLLOY'S NURSING PROGRAM IS AMONG THE LARGEST NURSING PROGRAMS IN THE NORTHEAST REGION AND IN THE COUNTRY. 136331558 1 1 0 1 0 0 0 1 1 1 1 0 0 1 1 1 1 0 1 0 1 0 0 0 1 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 404 0 1 2081 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 26 25 0 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X SUSAN D WILLIAMS 5163233000 1000 HEMPSTEAD AVENUE PO BOX 5002 ROCKVILLE CENTRE NY 115715002 JAMES P LENTINI PRESIDENT 35.00 0.00 X X 533368 0 72386 JOHN P MCENTEE CHAIRPERSON 1.00 0.00 X X 0 0 0 PHILLIPA G WOODRIFFE VICE CHAIRPERSON 1.00 0.00 X X 0 0 0 JOHN J BISHAR JR TRUSTEE 1.00 0.00 X 0 0 0 SAMMY CHU TRUSTEE 1.00 0.00 X 0 0 0 ROSE L CIAMPA TRUSTEE (THRU 11/2021) 1.00 0.00 X 0 0 0 SALVATORE P CIAMPO TRUSTEE (THRU 05/2022) 1.00 0.00 X 0 0 0 DONNA L DELLOMO TRUSTEE 1.00 0.00 X 0 0 0 DIANE ESPOSITO TRUSTEE 1.00 0.00 X 0 0 0 MAUREEN EVERS-WILLOX TRUSTEE 1.00 0.00 X 0 0 0 LAURA FARAHANI TRUSTEE 1.00 0.00 X 0 0 0 RAYMOND E FARRELL TRUSTEE 1.00 0.00 X 0 0 0 JOSEPH J FENNESSY TRUSTEE (AS OF 09/2021) 1.00 0.00 X 0 0 0 NICOLETTE FIORE-LOPEZ TRUSTEE 1.00 0.00 X 0 0 0 JEFFREY H GREENFIELD TRUSTEE 1.00 0.00 X 0 0 0 MATTHEW GROVER TRUSTEE (THRU 12/2021) 1.00 0.00 X 0 0 0 DAVID M HAGAN TRUSTEE 1.00 0.00 X 0 0 0 DANIEL F HINES TRUSTEE 1.00 0.00 X 0 0 0 S ZAKI HOSSAIN TRUSTEE 1.00 0.00 X 0 0 0 SHARI JAMES-PIERRE TRUSTEE 1.00 0.00 X 0 0 0 SR ANNE-MARIE KIRMSE TRUSTEE 1.00 0.00 X 0 0 0 SR PATRICIA KOEHLER TRUSTEE 1.00 0.00 X 0 0 0 BRENDAN LAVELLE TRUSTEE 1.00 0.00 X 0 0 0 SR MARGARET MCVETTY TRUSTEE 1.00 0.00 X 0 0 0 TIMOTHY MOONEY TRUSTEE 1.00 0.00 X 0 0 0 KENNETH J PRITCHARD TRUSTEE 1.00 0.00 X 0 0 0 ROBERT S SALVATICO TRUSTEE (THRU 05/2022) 1.00 0.00 X 0 0 0 SUSAN SANTORO TRUSTEE 1.00 0.00 X 0 0 0 SR KATHLEEN TUITE TRUSTEE 1.00 0.00 X 0 0 0 JOHN WESTERMAN TRUSTEE 1.00 0.00 X 0 0 0 DREW BOGNER PRESIDENT EMERITUS 35.00 0.00 X 442289 0 46046 SUSAN D WILLIAMS VICE PRESIDENT FINANCE & TREASURER 35.00 0.00 X 269396 0 9530 DIANE K FORNIERI CHIEF OF STAFF & SECRETARY 35.00 0.00 X 160410 0 48480 EDWARD J THOMPSON VICE PRESIDENT OFFICE OF ADVANCEMENT 35.00 0.00 X 256697 0 63396 MICHAEL TORRES VICE PRESIDENT OFFICE OF TECHNOLOGY 35.00 0.00 X 213170 0 56125 LINDA ALBANESE VICE PRESIDENT ENROLLMENT MANAGEMENT 35.00 0.00 X 212803 0 9168 JANINE BISCARI VICE PRESIDENT STUDENT AFFAIRS 35.00 0.00 X 210298 0 6278 MARCIA GARDNER DEAN OF NURSING 35.00 0.00 X 235243 0 28201 BARBARA T SCHMIDT - ASSOCIATE PROVOST ACADEMIC AFFAIRS 35.00 0.00 X 220342 0 28163 VERONICA D FEEG PROFESSOR OF NURSING 35.00 0.00 X 209169 0 47889 KATHLEEN MAURER SMITH DEAN OF GRADUATE ACADEMIC AFFAIRS 35.00 0.00 X 199291 0 46964 GIOIA BALES DEAN OF BUSINESS 35.00 0.00 X 231563 0 48556 ANN BRANCHINI FORMER VP ACADEMIC AFFAIRS 0.00 0.00 X 170670 0 1375 3564709 0 512557 156 1 1 0 CUTLASS INDUSTRIAL INC 193 HORTON AVENUE LYNBROOK NY 11563 CONSTRUCTION/RENOVATION 2368643 AUSTIN & WILLIAMS INC 80 ARKAY DRIVE SUITE 220 HAUPPAUGE NY 11788 MEDIA SERVICES 2264640 LESSING'S FOOD SERV MGMT 3500 SUNRISE HWY STE 100 GREAT RIVER NY 11739 FOOD SERVICES 1125358 ASSESSMENT TECHNOLOGIES INSTITUTE 62277 COLLECTIONS CENTER DR CHICAGO IL 60693 PROCTORING SERVICES 746358 AXIS CONSTRUCTION CORP 125 LASER COURT HAUPPAUGE NY 11788 CONSTRUCTION/RENOVATION 555210 25 286688 13611156 2715439 35187 16613283 TUITION AND FEES 611310 141158408 141158408 STUDENT AUX. SERVICES 611710 4799449 4799449 145957857 1590488 8 1590480 7973 7973 103596 76128 27468 27468 -26148 53616 27917355 28296562 -379207 -379207 -379207 280760 286688 233426 47334 47334 83448 2695 80753 80753 THEATRE PERFORMANCES 711110 385895 385895 FORFEITED ENROLL. DEP. 900099 181265 181265 TUIT. WRITE-OFF RECOV. 900099 82840 82840 382386 17358 365028 1032386 164978335 146058055 359755 1947242 5370 5370 38655040 38655040 2913424 2612411 261720 39293 62002096 55596072 5569805 836219 2292446 2055592 205936 30918 11883515 10655717 1067526 160272 4963112 4450326 445849 66937 420553 420553 246531 246531 353935 353935 6341047 3182188 3153719 5140 3748517 279372 3460278 8867 1744875 826996 862671 55208 2442507 865493 1576618 396 4496923 3108956 1386254 1713 808838 710200 92822 5816 1009726 536594 452245 20887 4117284 2856658 1257488 3138 8465339 5846253 2619086 945618 5837 939781 STUDENT TESTING EXP. 796494 796494 COVID-19 TESTING 749040 124481 624559 BAD DEBT EXPENSES 625267 625267 BLDG. GROUNDS & MAINT. 502640 291822 210113 705 3616611 2869686 552669 194256 164146748 136331558 26385425 1429765 8403523 5754082 43418540 41831277 4532190 5513302 2378625 2369038 2435275 1823329 1733765 2461496 225586610 94094722 131218801 131491888 48814846 41712900 5258992 3213858 202250 131250 18856476 24379471 267253283 260681891 13122072 13146619 1955796 1563009 5090323 3679070 88317188 85658103 3691455 3109185 178772 154770 22516425 27540347 134872031 134851103 X 120086663 114774241 12294589 11056547 132381252 125830788 267253283 260681891 X 831587 -9248947 1866896 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 38 38 0 FORM 990, SCHEDULE C, PART II-B, LINE 1: MOLLOY UNIVERSITY IS A DUES PAYING MEMBER OF NACUBO AND EACUBO; A PORTION OF ITS ANNUAL DUES ARE ATTRIBUTABLE TO LOBBYING AND ARE REPORTED IN SCHEDULE C, PART II-B, LINE 1(I). THE UNIVERSITY'S ALLOCATED PORTION OF MEMBERSHIP DUES ATTRIBUTABLE TO LOBBYING AMOUNTS TO LESS THAN $100. 315511 X 0 0 1 X 52552443 768892 -8543173 213914 44564248 43648437 732083 8374430 202507 52552443 40758565 554200 2518733 183061 43648437 38240438 323926 2376828 182627 40758565 36141633 172040 2521566 178929 415872 38240438 0.82500 0.12000 0.05500 0 0 3273630 3273630 175025976 57200697 117825279 5646123 3865534 1780589 39627508 33028491 6599017 2013373 2013373 131491888 FUNDS HELD WITH TRUSTEE 4317836 RIGHT-OF-USE ASSETS 19130872 CASH SURRENDER VALUE OF DONATED LIFE INSURANCE POLICY 930763 24379471 BOND INTEREST PAYABLE 2008000 RIGHT-OF-USE LEASE LIABILITY 22425153 CONDITIONAL ASSET RETIREMENT OBLIGATION 3107194 27540347 X 124203980 -9248947 -31483722 -40732669 164936649 353935 -312249 41686 164978335 130754444 312249 312249 130442195 353935 33350618 33704553 164146748 PART III, LINE 4: THE UNIVERSITY MAINTAINS AN ARTWORK COLLECTION IN VARIOUS BUILDINGS FOR THE ENJOYMENT OF STUDENTS, EMPLOYEES, AND VISITORS TO ITS CAMPUS. PART IV, LINE 2B: MOLLOY UNIVERSITY HAD $3,109,185 IN STUDENT CREDIT BALANCES AT JUNE 30, 2022. THESE BALANCES REPRESENT POTENTIAL TUITION MONEY OWED TO STUDENTS DUE TO OVER-PAYMENT, FINANCIAL AID APPLIED TO THE STUDENT'S ACCOUNT OR PAYMENTS. PART V, LINE 4: THE UNIVERSITY'S ENDOWMENT FUND IS INTENDED TO SUPPORT THE UNIVERSITY'S EDUCATIONAL MISSION. THE ENDOWMENT EARNINGS ARE USED TO FUND THE UNIVERSITY'S DAILY OPERATIONS, INCLUDING SCHOLARSHIPS, STUDENT PROGRAMS, AND OTHER CAMPUS ACTIVITIES. THE BOARD OF TRUSTEES, THROUGH ITS APPROVED INVESTMENT POLICY GUIDELINES, HAS INTERPRETED THE NEW YORK PRUDENT MANAGEMENT OF INSTITUTIONAL FUNDS (NYPMIFA) TO ALLOW THE UNIVERSITY TO SPEND BELOW THE HISTORICAL DOLLAR VALUE OF ITS ENDOWMENT UNLESS SPECIFIC DONORS HAVE STIPULATED TO THE CONTRARY. PART X, LINE 2: THE UNIVERSITY 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 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. THE UNIVERSITY IS EXEMPT FROM FEDERAL INCOME TAX UNDER IRC SECTION 501(C)(3), THOUGH IT 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 TAX-EXEMPT 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. THE UNIVERSITY HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS AT JUNE 30, 2022 AND 2021. PART XI, LINE 2D - OTHER ADJUSTMENTS: INSTITUTIONAL AID AND SCHOLARSHIPS -33,350,618. CONDITIONAL ASSET RETIREMENT OBLIGATION ADJUSTMENT -785,410. LOSS ON CONTINGENCY 2,652,306. PART XI, LINE 4B - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES -233,426. GAMING EXPENSES -2,695. RENTAL EXPENSES -76,128. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES 233,426. GAMING EXPENSES 2,695. RENTAL EXPENSES 76,128. PART XII, LINE 4B - OTHER ADJUSTMENTS: INSTITUTIONAL AID AND SCHOLARSHIPS 33,350,618. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 NONDISCRIMINATION POLICIES ARE PUBLISHED IN CATALOGS AND PUBLICATIONS, AS WELL AS, ON THE UNIVERSITY WEBSITE. LINE 6 - EXPLANATION OF GOVERNMENT FINANCIAL AID: AS A RESULT OF THE COVID-19 PANDEMIC AND GOVERNOR CUOMO'S EXECUTIVE ORDER, MOLLOY UNIVERSITY CLOSED ITS UNIVERSITY BUILDINGS IN MARCH 2020. THE SPRING AND FALL SEMESTERS WERE TRANSITIONED TO VIRTUAL LEARNING AND RE-OPENED FOR THE 2021 FALL SEMESTER. DURING FISCAL YEARS ENDED JUNE 30, 2022 AND 2021, THE FEDERAL GOVERNMENT PROVIDED HIGHER EDUCATION INSTITUTIONS WITH HIGHER EDUCATION EMERGENCY RELIEF FUNDING ("HEERF"), WHICH WAS ALLOCATED UNDER VARIOUS ACTS OF CONGRESS. THE CORONAVIRUS AID, RELIEF, AND ECONOMIC SECURITIES ACT ("CARES") WAS SIGNED INTO LAW ON MARCH 27, 2020 AND PROVIDED THE UNIVERSITY WITH TOTAL FUNDING OF $2,813,441 UNDER HEERF I. THE CORONAVIRUS RESPONSE AND RELIEF SUPPLEMENTAL APPROPRIATIONS ACT ("CRRSAA") WAS SIGNED INTO LAW ON DECEMBER 27, 2020 AND PROVIDED THE UNIVERSITY WITH TOTAL FUNDING OF $5,271,682 UNDER HEERF II. THE AMERICAN RESCUE PLAN ("ARP") WAS SIGNED INTO LAW ON MARCH 11, 2021 AND PROVIDED THE UNIVERSITY WITH TOTAL FUNDING OF $9,370,688 UNDER HEERF III. EACH OF THESE AWARDS HAS A STUDENT AID PORTION AND TWO INSTITUTIONAL PORTIONS. CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 3041143 0 0 0 0 0 0 3041143 0 3041143 1 0 1 0 1 0 PART III ACCOUNTING METHOD: GOLF OUTING 207037 124177 82860 4644 86451 423 ENERGEIA GOLF OUTING 197200 112400 84800 9783 76050 932 1 163211 50111 113100 20923 28653 5567 567448 286688 280760 14427 162501 20923 28653 6922 233426 47334 83448 2695 0 83448 2695 2695 80753 NY 1 0 1 0 0.99000 0.01000 SUSAN D WILLIAMS 1000 HEMPSTEAD AVENUE ROCKVILLE CENTRE NY 11571 0 EDWARD THOMPSON 0 SEE SCHEDULE G, PART IV X 0 SCHEDULE G, PART III, COLUMN (C): THE UNIVERSITY DID NOT CONDUCT ANY FORMAL GAMING ACTIVITIES IN FISCAL YEAR 2022; ALL GAMING REVENUES REPORTED IN FORM 990 PART VIII, AND SCHEDULE G REPRESENT SMALL RAFFLES CONDUCTED BY STUDENT CLUBS ON CAMPUS. SCHEDULE G, PART III, LINE 16, DESCRIPTION OF SERVICES PROVIDED: THE UNIVERSITY DOES NOT EMPLOY A GAMING MANAGER. THE INDIVIDUAL LISTED IS THE VICE PRESIDENT FOR ADVANCEMENT AND IS RESPONSIBLE FOR THE FUNDRAISING COMPONENT OF REVENUES, ALONG WITH THE DIRECTOR OF ATHLETICS, WHO RAISES FUNDS FOR THE ATHLETIC DEPARTMENT. 1 INSTITUTIONAL AID AND SCHOLARSHIPS 4353 38209033 STIPENDS 87 437495 FACULTY RESEARCH GRANTS 3 8512 PART I, LINE 2: THE UNIVERSITY FOLLOWS FEDERAL, STATE AND INSTITUTIONAL POLICIES AND REGULATIONS TO MONITOR GRANTS AND FUNDS: 1) THE STUDENT APPLIES FOR THE GRANTS; 2) GRANTS ARE AWARDED FROM THE VARIOUS FUNDING SOURCES DEPENDING ON NEED AND/OR ACADEMIC STANDING; 3) THE STUDENT'S ELIGIBILITY IS VERIFIED THROUGH FEDERAL, STATE AND INSTITUTIONAL REQUIREMENTS, MATRICULATION, REGISTRATION, ATTENDANCE AND ACADEMIC PROGRESS; 4) GRANTS AND AWARDS ARE PROCESSED ONTO THE STUDENT'S ACCOUNT; 5) WHERE LOANS ARE INVOLVED, THE UNIVERSITY FOLLOWS UP WITH THE REGULATORY REQUIREMENTS AFTER GRADUATION. THE FREE APPLICATION FOR FEDERAL STUDENT AID (FAFSA) IS AN INTEGRAL PART OF THIS PROCESS. THE UNIVERSITY ALSO PARTICIPATED IN THE HIGHER EDUCATION EMERGENCY RELIEF FUNDING PROGRAM INSTITUTED TO ASSIST UNIVERSITIES WITH PROVIDING EMERGENCY STUDENT RELIEF. STUDENT AID PAID AS PART OF THE HEERF PROGRAM IS REPORTED IN THE INSTITUTIONAL AID AND SCHOLARSHIPS AMOUNT REPORTED IN SCHEDULE I, PART III. X X 1 1 X X X X X 0 0 0 0 0 0 0 1 0 JAMES P LENTINI PRESIDENT 388461 0 50000 0 94907 0 11862 0 60524 0 605754 0 0 0 DREW BOGNER PRESIDENT EMERITUS 428276 0 0 0 14013 0 1962 0 44084 0 488335 0 0 0 EDWARD J THOMPSON VICE PRESIDENT OFFICE OF ADVANCEMENT 252572 0 0 0 4125 0 0 0 63396 0 320093 0 0 0 GIOIA BALES DEAN OF BUSINESS 231563 0 0 0 0 0 7222 0 41334 0 280119 0 0 0 SUSAN D WILLIAMS VICE PRESIDENT FINANCE & TREASURER 269396 0 0 0 0 0 8125 0 1405 0 278926 0 0 0 MICHAEL TORRES VICE PRESIDENT OFFICE OF TECHNOLOGY 213170 0 0 0 0 0 0 0 56125 0 269295 0 0 0 MARCIA GARDNER DEAN OF NURSING 235243 0 0 0 0 0 7195 0 21006 0 263444 0 0 0 VERONICA D FEEG PROFESSOR OF NURSING 209169 0 0 0 0 0 5573 0 42316 0 257058 0 0 0 BARBARA T SCHMIDT - ASSOCIATE PROVOST ACADEMIC AFFAIRS 220342 0 0 0 0 0 6615 0 21548 0 248505 0 0 0 KATHLEEN MAURER SMITH DEAN OF GRADUATE ACADEMIC AFFAIRS 199291 0 0 0 0 0 5692 0 41272 0 246255 0 0 0 LINDA ALBANESE VICE PRESIDENT ENROLLMENT MANAGEMENT 211172 0 0 0 1631 0 6418 0 2750 0 221971 0 0 0 JANINE BISCARI VICE PRESIDENT STUDENT AFFAIRS 206465 0 0 0 3833 0 6278 0 0 0 216576 0 0 0 DIANE K FORNIERI CHIEF OF STAFF & SECRETARY 160410 0 0 0 0 0 5146 0 43334 0 208890 0 0 0 ANN BRANCHINI FORMER VP ACADEMIC AFFAIRS 129982 0 0 0 40688 0 0 0 1375 0 172045 0 0 0 PART I, LINE 1A BOTH THE UNIVERSITY'S CURRENT PRESIDENT, JAMES LENTINI AND PRESIDENT EMERITIS DREW BOGNER, ARE PROVIDED CERTAIN PEREQUISITES BY VIRTUE OF THEIR POSITITION AT THE UNIVERSITY. BY CONTRACT, THE PRESIDENT POSITION IS ENTITLED TO A HOUSING ALLOWANCE, A CAR ALLOWANCE AND REIMBURSEMENT FOR SOCIAL CLUB DUES. THE CURRENT PRESIDENT, JAMES LENTINI, IS PROVIDED USE OF A RESIDENCE THAT IS BEING TREATED AS A TAXABLE FRINGE BENEFIT (REPORTABLE IN FORM 990, SCHEDULE J, PART II, COLUMN (B)(III)). IN ADDITION, WHILE THE VICE PRESIDENT FOR ADVANCEMENT IS ENTITLED TO BOTH A CAR ALLOWANCE AND REIMBURSEMENT FOR SOCIAL CLUB DUES. THE PERSONAL USE OF THE CARS ARE A TAXABLE FRINGE BENEFIT AND ARE INCLUDED IN "OTHER REPORTABLE COMPENSATION" ON SCHEDULE J, PART II, COLUMN (B)(III). THE PRESIDENT AND VICE PRESIDENT USE THE SOCIAL CLUB SOLELY IN A BUSINESS CAPACITY AND THEREFORE, THIS IS A NON-TAXABLE FRINGE BENEFIT. PART I, LINE 7 PRESIDENT, JAMES P. LENTINI, RECEIVED A $50,000 BONUS IN CALENDAR YEAR 2021, AUTHORIZED AT THE DISCRETION OF THE BOARD FOR MEETING CERTAIN OBJECTIVE PERFORMANCE-BASED CRITERIA. THE PRESIDENT'S FULL COMPENSATION PACKAGE, INCLUSIVE OF ANY BONUSES RECEIVED, AS WELL AS THE AFOREMENTIONED FRINGE BENEFITS, IS APPROVED BY THE BOARD OF TRUSTEES TO ENSURE THAT IT ALIGNS WITH COMPENSATION PAID TO SIMILARLY SITUATED INDIVIDUALS AT EDUCATIONAL INSTITUTIONS IN THE SAME GEOGRAPHICAL REGION. ALL COMPENSATION DECISIONS APPROVED BY THE BOARD ARE MEMORIALIZED IN COMMITTEE MEETING MINUTES. A TOWN OF HEMPSTEAD LOCAL DEVELOPMENT CORPORATION 112798949 424682GE6 2014-11-14 32574808 TO FINANCE THE COST OF A NEW ACADEMIC BUILDING. 0 0 0 B TOWN OF HEMPSTEAD LOCAL DEVELOPMENT CORPORATION 112798949 424682HD7 2017-07-01 49942142 TO REFINANCE THE SERIES 2009 BONDS. 0 0 0 C TOWN OF HEMPSTEAD LOCAL DEVELOPMENT CORPORATION 112798949 424682JU7 2018-10-18 16104560 TO FINANCE THE COST OF A NEW DORMITORY BUILDING 0 0 0 A 3035000 32574808 1480180 584543 27990265 4000000 2016 1 1 1 1 B 6280000 49942142 672867 48923275 2017 0 1 1 1 C 915000 16104560 527083 322081 15782479 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 A 0 0 0 1 0 0 0 0 1 B 0 0 0 1 0 0 0 0 1 C 0 1 0 0 0 0 0 0 1 A 1 B 1 C 1 SCHEDULE K, PART IV, LINE 2C, COLUMN A: THE UNIVERSITY COMMISSIONED AN INDEPENDENT THIRD PARTY BOND ARBITRAGE SPECIALIST TO DETERMINE WHETHER ANY ARBITRAGE EXISTED ON ITS 2014 BOND ISSUANCE. THE ARBITRAGE REPORT WAS ISSUED ON NOVEMBER 14TH, 2019 AND THE CONSULTANT CONCLUDED THAT NO REBATE WAS DUE. SCHEDULE K, PART IV, LINE 2C, COLUMN B: THE UNIVERSITY COMMISSIONED AN INDEPENDENT THIRD PARTY BOND ARBITRAGE SPECIALIST TO DETERMINE WHETHER ANY ARBITRAGE EXISTED ON ITS 2017 BOND ISSUANCE. THE ARBITRAGE REPORT WAS ISSUED ON JULY 7TH, 2022 AND THE CONSULTANT CONCLUDED THAT NO REBATE WAS DUE. X 3 35187 FMV ON DATE OF DONATION 0 0 1 PART I, LINE 32B: AS PART OF ITS FUNDRAISING EFFORTS, THE UNIVERSITY SOLICITS DONATIONS FROM MANY SOURCES. IN THOSE INSTANCES WHERE ASSERTING THAT THE SECURITIES CAN BE LIQUIDATED. THE INVESTMENT MANAGER THEN LIQUIDATES THE SECURITIES AND THE CASH IS TRANSFERRED TO THE INVESTMENT MANAGER AND RECEIVED INTO AN ACCOUNT SET UP TO RECEIVE SUCH DONATIONS. THE UNIVERSITY REQUESTS FROM THE DONOR, A STATEMENT NON-CASH ASSETS ARE ACQUIRED, GENERALLY IN THE FORM OF DONATED PUBLICLY TRADED SECURITIES, THE SECURITIES ARE TRANSFERRED TO OUR OUTSIDE APPROPRIATE CASH ACCOUNT FOR ITS INTENDED USE. FORM 990, PART VI, SECTION A, LINE 4 DURING FISCAL YEAR 2022, THE UNIVERSITY AMENDED ITS CHARTER WITH THE BOARD OF REGENTS OF THE UNIVERSITY OF THE STATE OF NEW YORK AND THE NEW YORK STATE EDUCATION DEPARTMENT TO REFLECT ITS NAME CHANGE TO "MOLLOY UNIVERSITY." FORM 990, PART VI, SECTION B, LINE 11B THE UNIVERSITY'S FORM 990 IS PREPARED BY AN INDEPENDENT THIRD PARTY ACCOUNTING FIRM IN CONJUNCTION WITH THE UNIVERSITY'S FINANCIAL DEPARTMENT. THE 990 IS REVIEWED IN DETAIL BY MANAGEMENT AND THEN SHARED WITH THE UNIVERSITY'S AUDIT AND COMPLIANCE COMMITTEE OF THE BOARD OF TRUSTEES. UPON APPROVAL BY THE AUDIT COMMITTEE, A COPY OF THE COMPLETE FORM 990 IS SHARED WITH THE FULL BOARD OF DIRECTOR PRIOR TO ITS FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C A CONFLICT OF INTEREST STATEMENT IS REQUIRED TO BE COMPLETED ANNUALLY FOR ALL BOARD OF TRUSTEE MEMBERS, OFFICERS AND KEY EMPLOYEES. ANY TRANSACTIONS OR BUSINESS RELATIONSHIPS BETWEEN THE UNIVERSITY AND A TRUSTEE OR FAMILY MEMBER IS SUBJECT TO REVIEW AND APPROVAL OF DISINTERESTED MEMBERS OF THE BOARD TO ENSURE THAT SUCH TRANSACTIONS OR RELATIONSHIPS ARE IN THE BEST INTEREST OF THE UNIVERSITY AND COMPLIES WITH UNIVERSITY POLICY AND ALL APPLICABLE LEGAL AND ETHICAL GUIDELINES. THE AUDIT COMMITTEE OF THE BOARD SHALL REPORT TO THE FULL BOARD PERIODICALLY, BUT AT LEAST ANNUALLY, ANY SIGNIFICANT TRANSACTIONS AND RELATIONSHIPS. FORM 990, PART VI, SECTION B, LINE 15A COMPENSATION OF THE PRESIDENT OF THE UNIVERSITY AND ITS KEY EMPLOYEES ARE APPROVED BY THE BOARD OF TRUSTEES. THE COMPENSATION OF THE PRESIDENT IS BASED ON SEVERAL FACTORS, INCLUDING DATA COLLECTED FROM AND COMPARED TO VARIOUS UNIVERSITIES AND UNIVERSITIES IN OUR PEER GROUP. FORM 990, PART VI, SECTION C, LINE 19 THE UNIVERSITY DOES NOT POST ITS FINANCIAL STATEMENTS ON ITS WEBSITE. COPIES ARE MADE AVAILABLE UPON REQUEST. THE FORM 990 IS POSTED ON GUIDESTAR AND IS MADE AVAILABLE IN THE UNIVERSITY'S FINANCE OFFICE. BYLAWS AND OTHER GOVERNING DOCUMENTS ARE MAINTAINED ON PREMISES AND AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: CONDITIONAL ASSET RETIREMENT OBLIGATION ADJUSTMENT 2,652,306. LOSS CONTINGENCY ON POTENTIAL LITIGATION CLAIMS -785,410.