2023-05-09T08:06:51-05:00 2022-06-30 366055558 GRANT THORNTON LLP 757 THIRD AVENUE 3RD FLOOR NEW YORK NY 100172013 990 2021-07-01 150532204 ITHACA COLLEGE ITHA 6072743118 953 DANBY ROAD ITHACA NY 14850 TIMOTHY DOWNS CFO & VP FINANCE & ADMIN 6072743118 2023-05-09 1 TIMOTHY DOWNS XXX-XX-XXXX SCOTT THOMPSETT P00741490 2125990100 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z LA JERNE CORNISH 953 DANBY ROAD ITHACA NY 14850 494327758 0 X WWW.ITHACA.EDU X 1892 NY OUR MISSION IS TO EDUCATE, ENGAGE, AND EMPOWER THROUGH THEORY, PRACTICE, AND PERFORMANCE. 29 23 3730 26 468054 0 24098826 14552419 263369539 294064315 21670628 43739419 607349 1057790 309746342 353413943 123189506 118259837 0 0 125072160 122423609 0 0 2901077 64289369 72340065 312551035 313023511 -2804693 40390432 909282506 835496702 191261676 176108807 718020830 659387895 X SEE SCHEDULE O 0 0 196458112 118058129 235297376 SEE SCHEDULE O 36738507 0 57331361 SEE SCHEDULE O 26196203 142056 1151153 SEE SCHEDULE O 15862744 59652 0 OTHER PROGRAM SERVICESACADEMIC SUPPORT INCLUDES EXPENSES INCURRED TO PROVIDE SUPPORT SERVICES FOR THE COLLEGE'S PRIMARY PROGRAM SERVICE OF INSTRUCTION, RESEARCH, AND PUBLIC SERVICE. IT INCLUDES THE FOLLOWING ACTIVITIES: THE RETENTION, PRESERVATION, AND DISPLAY OF EDUCATIONAL MATERIALS AT THE ITHACA COLLEGE LIBRARY, THE HANDWERKER GALLERY, AND OTHER GALLERY SPACES; INFORMATION TECHNOLOGY SERVICES DEPLOYED AT THE COLLEGE, PARTICULARLY SERVICES WITHIN THE THEMES OF CAMPUS ENGAGEMENT AND TEACHING & LEARNING; ACADEMIC ADMINISTRATION AND PERSONNEL PROVIDING ADMINISTRATIVE SUPPORT AND MANAGEMENT DIRECTION TO THE PRIMARY PROGRAM SERVICE; AND SEPARATELY BUDGETED SUPPORT FOR COURSE AND CURRICULUM DEVELOPMENT. 15862744 59652 0 275255566 1 1 0 1 0 0 1 1 0 1 1 1 0 0 1 1 1 0 1 1 1 1 1 0 0 0 0 1 1 1 1 0 0 0 0 0 0 1 0 1 0 1 1 0 0 0 0 0 0 0 1 369 0 1 3730 1 1 1 1 UK 0 0 0 0 0 0 0 0 0 0 X 29 23 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X X TIMOTHY DOWNS - CFO VP FINANCE 6072743118 953 DANBY ROAD ITHACA NY 14850 SHIRLEY M COLLADO ADVISOR (THRU 12/21)/PRES(THRU 8/21) 40.00 0.00 X X 666470 0 24344 LA JERNE TERRY CORNISH PRESIDENT (AS OF 08/21) 40.00 0.00 X X 361470 0 30315 CASEY L KENDALL TRUSTEE, STAFF 40.00 0.00 X 141539 0 26498 BARUCH J WHITEHEAD TRUSTEE, FACULTY 40.00 0.00 X 101907 0 12576 KALENA A YEARWOOD TRUSTEE, STUDENT 1.00 0.00 X 1859 0 0 DAVID H LISSY CHAIR 1.00 0.00 X X 0 0 0 JAMES W NOLAN JR VICE CHAIR 1.00 0.00 X X 0 0 0 ROSANNA AYBAR TRUSTEE 1.00 0.00 X 0 0 0 DAVID J BACHRACH TRUSTEE 1.00 0.00 X 0 0 0 LUVELLE BROWN TRUSTEE 1.00 0.00 X 0 0 0 MICHAEL J CONOVER TRUSTEE 1.00 0.00 X 0 0 0 JACK H DEMBOW TRUSTEE 1.00 0.00 X 0 0 0 DAVID FLEISHER II TRUSTEE 1.00 0.00 X 0 0 0 THADDEUS J FORTIN TRUSTEE 1.00 0.00 X 0 0 0 GARY J GROSS TRUSTEE 1.00 0.00 X 0 0 0 KIRK HARBINGER TRUSTEE (AS OF 10/2021) 1.00 0.00 X 0 0 0 TRACI HUGHES TRUSTEE (AS OF 07/2021) 1.00 0.00 X 0 0 0 DAVID MEBERG TRUSTEE 1.00 0.00 X 0 0 0 ORINTHIA MONTAGUE TRUSTEE 1.00 0.00 X 0 0 0 KRISTIN R MUENZEN TRUSTEE 1.00 0.00 X 0 0 0 WILLIAM J NELLIGAN III TRUSTEE 1.00 0.00 X 0 0 0 KATHLEEN K NEWLANDS TRUSTEE 1.00 0.00 X 0 0 0 MARY GEORGE OPPERMAN TRUSTEE 1.00 0.00 X 0 0 0 CHRISTOPHER D PALMIERI TRUSTEE 1.00 0.00 X 0 0 0 JEFFREY J SELINGO TRUSTEE 1.00 0.00 X 0 0 0 JAN E SINGER TRUSTEE 1.00 0.00 X 0 0 0 PETER R TAFFAE TRUSTEE 1.00 0.00 X 0 0 0 JAMES E TAYLOR TRUSTEE 1.00 0.00 X 0 0 0 DOUGLAS M WEISMAN TRUSTEE 1.00 0.00 X 0 0 0 KIMBERLY A ZEOLI TRUSTEE 1.00 0.00 X 0 0 0 LAURIE M KOEHLER VP MARKETING AND ENROLLMENT STRATEGY 40.00 0.00 X 234463 0 32391 WENDY KOBLER THRU 062022 VP PHILANTHROPY & ENGAGEMENT 40.00 0.00 X 235294 0 17459 HAYLEY HARRIS VP HUMAN RESOURCES 40.00 0.00 X 229062 0 26285 ROSANNO FERRO THRU 062022 VP STUDENT AFFAIRS AND CAMPUS LIFE 40.00 0.00 X 209584 0 34140 BONNIE PRUNTY AS OF 062022 VP STUDENT AFFAIRS AND CAMPUS LIFE 40.00 0.00 X 158036 0 7067 TIMOTHY C DOWNSAS OF 082021 VP, FINANCE & ADMINISTRATION 40.00 0.00 X 119073 0 16789 LINDA PETROSINO DEAN, HS&HP 40.00 0.00 X 250799 0 22590 DAVID L WEIL ASSOCIATE VP & CIO 40.00 0.00 X 198384 0 64655 TIMOTHY R CAREY ASSOCIATE VP, FACILITIES(THRU 06/22) 40.00 0.00 X 247229 0 6358 MELANIE STEIN PROVOST (AS OF 08/21) 40.00 0.00 X 206878 0 7220 ALKA BRAMHANDKAR INTERIM DEAN, SCHOOL OF BUSINESS 40.00 0.00 X 190908 0 25003 JAMES A YAGGIE PROFESSOR 40.00 0.00 X 176508 0 38542 ODALYS M DIAZ PINEIRO CHIEF OF STAFF 40.00 0.00 X 173752 0 24535 MARIE C BLOUIN ASSOCIATE PROFESSOR & CHAIR 40.00 0.00 X 184576 0 21637 JEFFREY LIPPITT ASSOCIATE PROFESSOR 40.00 0.00 X 171815 0 17795 MATTHEW C GEISZLER ASSOCIATE PROFESSOR 40.00 0.00 X 171977 0 14501 JOHN I POWERS INTERIM DEAN, COMMUNICATIONS 40.00 0.00 X 149075 0 60649 NANCY E PRINGLE SECRETARY & LEGAL COUNCIL TO BOARD 40.00 0.00 X 139511 0 1875 NICOLE EVERSLEY BRADWELL EXEC. DIRECTOR, ADMISSION 40.00 0.00 X 117152 0 13185 KEITH A KAISER PROF. (AS OF 7/21)/DEAN (THRU 6/21) 40.00 0.00 X 161232 0 7174 DIANE M GAYESKI FORMER DEAN, SCHOOL OF COMMUNICATION 40.00 0.00 X 105822 0 12854 5104375 0 566437 151 1 1 0 CAYUGA MEDICAL CENTER AT ITHACA 101 DATES DRIVE ITHACA NY 14850 COVID TESTING & OTHER MEDICAL 5820587 APOGEE INC PO BOX 735905 DALLAS TX 75373 TECHNOLOGY SERVICES 1600920 ORACLE AMERICA INC 500 ORACLE PARKWAY REDWOOD SHORES CA 94065 TECHNOLOGY SERVICES 852285 ARCHITECTURAL CONCRETE PLUS LLC 69 HOLLISTER STREET DUNDEE NY 14837 GENERAL CONSTRUCTION 715702 CARNEGIE DARTLET LLC 210 LITTLETON ROAD SUITE 100 WESTFORD MA 01886 ENROLLMENT MARKETING 575924 39 5655564 8896855 667211 14552419 TUITION & FEES 900099 235297376 235297376 ROOM & BOARD 721310 53224845 53224845 STUDENT INSURANCE 900099 1986561 1986561 ANCILLARY STUDENT SVCS 611710 1151153 1151153 CAMPUS DINING SERVICES 900099 766273 766273 1638107 808228 133334 696545 294064315 12040055 332630 11707425 44765 44765 45703 0 45703 45703 2090 43613 170886734 875795 140063165 0 30823569 875795 31699364 31699364 1396104 850650 545454 545454 REBATES & REFUNDS 900099 320218 320218 101650 101650 421868 353413943 293779890 468054 44613580 267635 267635 114663190 114663190 3329012 3329012 3943757 889293 2799261 255203 602507 242987 359520 91291855 77859001 12043364 1389490 4192195 3444283 674896 73016 15818186 13218751 2378709 220726 6575109 5402072 1058518 114519 116936 116936 228055 228055 987179 987179 10327708 6994554 2988948 344206 443849 225909 217412 528 7588301 4558428 2841346 188527 6586608 2704482 3696433 185693 6946032 6545639 399793 600 2210917 2106913 59871 44133 750746 579213 154011 17522 4776260 4776260 20069433 18787226 1221726 60481 3532357 2227414 1304943 FOOD SERVICE EXPENSES 3628935 3535874 93061 REPAIRS & MAINTENANCE 1565090 1239894 325196 TAX, LICENSES & PERMIT 1083919 999383 84104 432 RECRUITING EXPENSES 597439 45765 550591 1083 900301 612388 282995 4918 313023511 275255566 34866868 2901077 28548 1394823 11270437 3477945 2013133 3464821 12307107 9059934 4659942 3396057 1014703 876872 3370791 3638031 676553453 332630404 354945659 343923049 222464142 259334497 288275962 196719126 8932082 10211547 909282506 835496702 26788739 22403770 4356461 3744397 104200692 97143757 20196684 19115495 35719100 33701388 191261676 176108807 X 545073736 509829932 172947094 149557963 718020830 659387895 909282506 835496702 X 40390432 -102265328 3241961 X 0 1 X 1 1 1 X 15991270 37061756 14325948 24098826 14552419 106030219 15991270 37061756 14325948 24098826 14552419 106030219 26049456 79980763 6875450 8161288 8492161 7755217 11795803 43079919 180378 102050 52243 0 296864 631535 4783244 4836254 3728683 1095032 2514517 16957730 166699403 1584735135 0.47980 0.47400 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: GROSS SALES OF INVENTORY - 2017 AMOUNT: $ 2,851,904. 2018 AMOUNT: $ 2,705,352. 2019 AMOUNT: $ 2,088,598. 2020 AMOUNT: $ 568,379. 2021 AMOUNT: $ 1,396,104. OTHER PROGRAM REVENUE - 2017 AMOUNT: $ 1,379,789. 2018 AMOUNT: $ 1,701,337. 2019 AMOUNT: $ 1,108,174. 2020 AMOUNT: $ 317,832. 2021 AMOUNT: $ 696,545. FUNDRAISING EVENTS REVENUE - 2017 AMOUNT: $ 36,903. 2018 AMOUNT: $ 30,584. 2019 AMOUNT: $ 26,612. 2020 AMOUNT: $ 0. 2021 AMOUNT: $ 0. MISCELLANEOUS REVENUE - 2017 AMOUNT: $ 514,648. 2018 AMOUNT: $ 398,981. 2019 AMOUNT: $ 505,299. 2020 AMOUNT: $ 208,821. 2021 AMOUNT: $ 421,868. SCHEDULE A, PART II, COLUMN C: THE 2019 COLUMN INCLUDES THE AMOUNTS REPORTED ON THE FULL YEAR TWELVE-MONTH FORM 990 FOR THE YEAR ENDING MAY 31, 2019 AND A SHORT PERIOD FORM 990 FOR THE ONE-MONTH PERIOD JUNE 1, 2019 THROUGH JUNE 30, 2019. THUS, THIS COLUMN IS REFLECTIVE OF THE COLLEGE'S THIRTEEN-MONTH PERIOD INCOME STATEMENT ACTIVITY. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 0 0 0 0 0 0 1 5998 5998 0 PART II-B, LINE 1: THE COLLEGE IS A MEMBER OF ORGANIZATIONS LISTED AS REGISTRANTS ON THE LOBBYING DISCLOSURE ACT DATABASE. LINE 1(I) REPORTS 25% OF MEMBERSHIP DUES PAID TO THESE ORGANIZATIONS DURING THE COLLEGE'S FISCAL YEAR. ON OCCASION, A HANDFUL OF ITHACA COLLEGE STAFF MAY PARTICIPATE IN DE-MINIMIS LOBBYING ACTIVITIES TO ADVOCATE FOR FEDERAL, STATE AND LOCAL LEGISLATION THAT MAY BENEFIT THE COLLEGE AND ITS STUDENTS. THE COLLEGE DOES NOT REQUIRE THESE STAFF MEMBERS TO SPECIFICALLY IDENTIFY THE MINIMAL TIME SPENT RELATIVE TO SUCH LOBBYING ACTIVITIES AND SO NO COSTS HAVE BEEN QUANTIFIED IN THE SCHEDULE C LOBBYING EXPENDITURES REPORTED ABOVE. X X 2 101.00 1 1 38.00 1 1291000 X 0 425199038 3899230 -58191260 4311099 9812913 356782996 337301846 1742339 100494402 4018894 10320655 425199038 347334887 2098148 1411286 4885423 8657052 337301846 316025346 31310128 13094002 2053787 11040802 347334887 300715519 3894502 23117965 2063803 9638837 316025346 0.62400 0.24800 0.12800 0 0 13415615 13415615 559143300 269218121 289925179 6669644 1334970 5334674 53591891 33803903 19787988 43733003 28273410 15459593 343923049 PUBLIC EQUITIES (LP INVESTMENTS) 95785606 F HEDGE FUNDS 48722540 F PRIVATE EQUITY 37107392 F REAL ESTATE FUNDS 15103588 F 196719126 POSTRETIREMENT BENEFIT OBLIGATION 14286415 LEASE LIABILITY 10053494 US GOVERNMENT GRANTS REFUNDABLE 4319470 INTEREST RATE SWAP AGREEMENTS 3276374 CONDITIONAL ASSET RETIREMENT OBLIGATIONS 1765635 33701388 X 133559867 -102265328 537238 -101728090 235287957 987179 117138807 118125986 353413943 194897525 850650 850650 194046875 987179 117989457 118976636 313023511 PART II, LINE 9: HOW THE ORGANIZATION REPORTS CONSERVATION EASEMENTS THE CONSERVATION EASEMENTS ARE NOT REPORTED ON THE BALANCE SHEET OR IN FOOTNOTES TO THE ORGANIZATION'S FINANCIAL STATEMENTS. THE AMOUNTS ARE CONSIDERED IMMATERIAL. PART III, LINE 4: DESCRIPTION OF THE ORGANIZATION'S COLLECTIONS AND HOW THEY FURTHER ITS EXEMPT PURPOSE THE COLLEGE'S COLLECTION CONSISTS OF VARIOUS WORKS OF ART INCLUDING A SCULPTURE RECEIVED IN DECEMBER 2016. THE SCULPTURE, TITLED "THE DRUMMER," WAS CREATED BY BARRY FLANAGAN, A WELSH SCULPTOR BEST KNOWN FOR HIS BRONZE STATUES OF HARES AND OTHER ANIMALS. MR. FLANAGAN'S WORK CAN BE FOUND AT THE NATIONAL GALLERY OF ART SCULPTURE GARDEN IN WASHINGTON, D.C.; AND IN PUBLIC SPACES IN NEW YORK CITY, LONDON, COLOGNE, OKLAHOMA CITY, AND ON COLLEGE CAMPUSES AROUND THE WORLD. THE ADDITION OF THIS SCULPTURE TO THE COLLEGE CAMPUS LANDSCAPE ELEVATES THE COLLEGE'S REPUTATION IN THE ART WORLD, AND SERVES AS AN ON-CAMPUS PIECE THAT IS STUDIED BY STUDENTS, ESPECIALLY THOSE IN ART HISTORY AND ART CONSERVATION CLASSES. THIS HELPS SUPPORT THE COLLEGE'S MISSION TO FOSTER INTELLECTUAL GROWTH, AESTHETIC APPRECIATION, AND CHARACTER DEVELOPMENT IN OUR STUDENTS. PART V, LINE 4: INTENDED USES OF ENDOWMENT FUNDS THE INTENDED USE OF THE COLLEGE'S ENDOWMENT FUNDS IS TO PROVIDE SCHOLARSHIPS AND GRANTS TO STUDENTS, AND TO SUPPORT THE COLLEGE'S EDUCATIONAL PROGRAMS. ITHACA COLLEGE CHANGED ITS FISCAL YEAR END FROM MAY 31 TO JUNE 30 AND ISSUED AN AUDITED FINANCIAL STATEMENT FOR THE THIRTEEN-MONTH PERIOD OF JUNE 1, 2018 THROUGH JUNE 30, 2019. FOR TAX PURPOSES, ITHACA COLLEGE WAS REQUIRED TO COMPLETE A FULL YEAR TWELVE-MONTH FORM 990 FOR THE YEAR ENDING MAY 31, 2019 AND A SHORT PERIOD FORM 990 FOR THE ONE-MONTH PERIOD JUNE 1, 2019 THROUGH JUNE 30, 2019. THUS, COLUMN (D) IS REFLECTIVE OF THE COLLEGE'S THIRTEEN-MONTH PERIOD INCOME STATEMENT ACTIVITY. PART X, LINE 2: FIN 48 DISCLOSURE THE COLLEGE 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 COLLEGE 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. MANAGEMENT BELIEVES THERE ARE NO UNCERTAIN TAX POSITIONS FOR THE YEAR ENDED JUNE 30, 2022. PART XI, LINE 2D - OTHER ADJUSTMENTS: ADJUSTMENT TO LIABILITIES FOR PERKINS LOAN PROGRAM 12,009. ADJUSTMENT TO LIABILITIES FOR GATE LOAN PROGRAM 38,135. ADJUSTMENT TO LIABILITIES FOR SELF-INSURED HEALTH CARE 134,868. ADJUSTMENT TO LIABILITIES FOR OTHER EMPLOYEE BENEFITS 352,226. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID NETTED ON FINANCIALS 117,989,457. COST OF GOODS SOLD (CAMPUS STORE) -850,650. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD (CAMPUS STORE) 850,650. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID NETTED ON FINANCIALS 117,989,457. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 NONDISCRIMINATORY POLICY THE COLLEGE'S NONDISCRIMINATORY POLICY APPEARS ON THE COLLEGE'S WEBSITE. SCHEDULE E, PART I, LINE 6 THE COLLEGE RECEIVES ASSISTANCE FROM THE US DEPARTMENT OF EDUCATION AND THE NEW YORK STATE EDUCATION DEPARTMENT TO FUND FINANCIAL AID PROGRAMS. THE COLLEGE RECEIVES ASSISTANCE FROM A VARIETY OF OTHER FEDERAL AND STATE AGENCIES TO FUND RESEARCH AND OTHER GRANT AWARDS. AS A RESULT OF THE COVID-19 PANDEMIC, THE COLLEGE RECEIVED ASSISTANCE FROM THE HIGHER EDUCATION EMERGENCY RELIEF FUND AND THE FEDERAL EMERGENCY MANAGEMENT AGENCY PUBLIC ASSISTANCE PROGRAM. 1 EUROPE (INCLUDING ICELAND & GREENLAND) 1 31 PROGRAM SERVICES STUDY ABROAD LONDON CENTER 1207830 CENTRAL AMERICA AND THE CARIBBEAN 0 1 PROGRAM SERVICES CONFERENCES/RESEARCH 801 EUROPE (INCLUDING ICELAND & GREENLAND) 0 13 PROGRAM SERVICES CONFERENCES/RESEARCH 31106 EUROPE (INCLUDING ICELAND & GREENLAND) 0 3 PROGRAM SERVICES MAINTAIN OFFICES 14695 EUROPE (INCLUDING ICELAND & GREENLAND) 0 20 PROGRAM SERVICES STUDY ABROAD 15348 MIDDLE EAST AND NORTH AFRICA 0 1 PROGRAM SERVICES CONFERENCES/RESEARCH 1492 NORTH AMERICA 0 4 PROGRAM SERVICES CONFERENCES/RESEARCH 2142 SOUTH AMERICA 0 1 PROGRAM SERVICES CONFERENCES/RESEARCH 948 SUB-SAHARAN AFRICA 0 1 PROGRAM SERVICES CONFERENCES/RESEARCH 3770 CENTRAL AMERICA AND THE CARIBBEAN 0 5 GRANTMAKING GRANTS/SCHOLARSHIPS 106053 EAST ASIA AND THE PACIFIC 0 15 GRANTMAKING GRANTS/SCHOLARSHIPS 410622 EUROPE (INCLUDING ICELAND & GREENLAND) 0 16 GRANTMAKING GRANTS/SCHOLARSHIPS 409313 MIDDLE EAST AND NORTH AFRICA 0 4 GRANTMAKING GRANTS/SCHOLARSHIPS 95252 NORTH AMERICA 0 9 GRANTMAKING GRANTS/SCHOLARSHIPS 250053 RUSSIA AND NEIGHBORING STATES 0 8 GRANTMAKING GRANTS/SCHOLARSHIPS 268515 SOUTH AMERICA 0 12 GRANTMAKING GRANTS/SCHOLARSHIPS 287740 SOUTH ASIA 0 25 GRANTMAKING GRANTS/SCHOLARSHIPS 865186 SUB-SAHARAN AFRICA 0 14 GRANTMAKING GRANTS/SCHOLARSHIPS 636278 CENTRAL AMERICA AND THE CARIBBEAN INVESTMENTS 37734000 1 74 0 109 1 183 1274362 41066782 42341144 CENTRAL AMERICA AND THE CARIBBEAN SUBRECIPIENT OF FEDERAL GRANT 7926 WIRE TRANSFER 0 SOUTH ASIA WHEELS 4 WOMEN DONATED FUNDS 7819 WIRE TRANSFER 0 2 0 SCHOLARSHIPS CENTRAL AMERICA AND THE CARIBBEAN 4 98127 EFT/WIRE SCHOLARSHIPS EAST ASIA AND THE PACIFIC 15 410622 EFT/WIRE SCHOLARSHIPS EUROPE (INCLUDING ICELAND & GREENLAND) 16 409313 EFT/WIRE SCHOLARSHIPS MIDDLE EAST AND NORTH AFRICA 4 95252 EFT/WIRE SCHOLARSHIPS NORTH AMERICA 9 250053 EFT/WIRE SCHOLARSHIPS RUSSIA AND NEIGHBORING STATES 8 268515 EFT/WIRE SCHOLARSHIPS SOUTH AMERICA 12 287740 EFT/WIRE SCHOLARSHIPS SOUTH ASIA 24 857367 EFT/WIRE SCHOLARSHIPS SUB-SAHARAN AFRICA 14 636278 EFT/WIRE 1 0 1 1 1 0 PART I, LINE 2: PROCEDURES FOR MONITORING THE USE OF GRANTS AND OTHER ASSISTANCE THE COLLEGE FOLLOWS THE OMB UNIFORM GUIDANCE WITH RESPECT TO MONITORING THE USE OF FUNDS OF SUBRECIPIENTS OF FEDERAL AWARDS. SCHOLARSHIPS GIVEN TO STUDENTS ARE CREDITED TO EACH STUDENT'S COLLEGE ACCOUNT TO BE USED FOR TUITION & FEES FOR THE EDUCATIONAL PROGRAM. EXPENDITURES FOR STUDY ABROAD PROGRAMS ARE REMITTED DIRECTLY TO THE FOREIGN INSTITUTIONS PROVIDING EDUCATIONAL SERVICES. EXPENDITURES FOR TRAVEL FOR CONFERENCES, RESEARCH, AND RECRUITING PURPOSES ARE COMPRISED OF (1) PAYMENTS TO FOREIGN ORGANIZATIONS PROVIDING SERVICES AND/OR (2) PAYMENTS TO EMPLOYEES AFTER THE SUBMISSION OF PROPERLY SUBSTANTIATED TRAVEL EXPENSE REPORTS IN ACCORDANCE WITH COLLEGE POLICY. PART I, LINE 3: EXPENDITURES ARE REPORTED ON AN ACCRUAL BASIS ACCORDING TO GAAP, CONSISTENT WITH THE ITHACA COLLEGE METHOD OF ACCOUNTING. PART III ACCOUNTING METHOD: PART IV, LINE 4: FOREIGN FILING REQUIREMENTS ITHACA COLLEGE INVESTS DIRECTLY IN A VARIETY OF ALTERNATIVE INVESTMENTS THAT ARE STRUCTURED AS EITHER FOREIGN CORPORATIONS, FOREIGN LIMITED PARTNERSHIPS OR DOMESTIC LIMITED PARTNERSHIPS. THE LIMITED PARTNERSHIP INVESTMENTS MAY, IN TURN, OWN AN INTEREST IN A FOREIGN CORPORATION, PASSIVE FOREIGN INVESTMENT COMPANY, OR FOREIGN PARTNERSHIP. TO THE EXTENT THAT ITHACA COLLEGE IS REQUIRED TO COMPLETE A FORM 926, 5471, 8621 OR 8865 BECAUSE ITS INVESTMENT EXCEEDS THE FILING THRESHOLD, THOSE FORMS HAVE BEEN ATTACHED TO THE ORGANIZATION'S FORM 990-T FILING. 1 HILLEL OF ITHACA COLLEGE 953 DANBY RD MULLER CHAPEL ITHACA NY 14850 521758795 501(C)(3) 131296 0 CONTRIBUTIONS RECEIVED & REMITTED BY ITHACA COLLEGE HOBART AND WILLIAM SMITH COLLEGE 300 PULTENEY ST GENEVA NY 14456 160743040 501(C)(3) 5872 0 PAYMENT TO SUBRECIPIENT OF FEDERAL GRANT ITHACA AREA ECONOMIC DEVELOPMENT 119 E SENECA ST SUITE 200 ITHACA NY 14850 166058339 501(C)(6) 16000 0 SUPPORT ECONOMIC ADVANCEMENT IN TOMPKINS COUNTY NY NATIONAL MERIT SCHOLARSHIP CORPORATION 1560 SHERMAN AVE NO 200 EVANSTON IL 60201 362307745 501(C)(3) 13000 0 ANNUAL REMITTANCE TO MERIT SCHOLARSHIP PROGRAM NORTHEASTERN ILLINOIS UNIVERSITY 5500 NORTH ST LOUISE AVE CHICAGO IL 60625 366009515 501(C)(3) 20131 0 PAYMENT TO SUBRECIPIENT OF FEDERAL GRANT SUNY ESF 1 FORESTRY DRIVE SYRACUSE NY 13210 141368361 501(C)(3) 11818 0 PAYMENT TO SUBRECIPIENT OF FEDERAL GRANT THE RESEARCH FOUNDATION FOR THE STATE UNIVERSITY OF NEW YORK PO BOX 9 ALBANY NY 12201 141368361 501(C)(3) 28983 0 PAYMENT TO SUBRECIPIENT OF FEDERAL GRANT THE RESEARCH FOUNDATION FOR THE STATE UNIVERSITY OF NEW YORK PO BOX 9 ALBANY NY 12201 141368361 501(C)(3) 15616 0 CONTRIBUTION TO ACCESS TO COLLEGE EDUCATION UTICA UNIVERSITY 1600 BURRSTONE RD UTICA NY 13502 161476258 501(C)(3) 12978 0 PAYMENT TO SUBRECIPIENT OF FEDERAL GRANT 8 1 SCHOLARSHIPS 4837 114657432 SCHOLARSHIPS AWARDED TO EMPLOYEES 4 5758 PART I, LINE 2: THE PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS TO DOMESTIC ORGANIZATIONS VARY BASED ON THE NATURE OF THE AGREEMENT WITH THE GRANTEE. ORGANIZATIONS OPERATING OUT OF THE MULLER CHAPEL ARE SUBJECT TO OVERSIGHT BY COLLEGE EMPLOYEES. THE COLLEGE FOLLOWS THE OMB UNIFORM GUIDANCE WITH RESPECT TO MONITORING THE USE OF FUNDS OF SUBRECIPIENTS OF FEDERAL AWARDS. FOR GRANTS TO ALL OTHER DOMESTIC ORGANIZATIONS, THE COLLEGE RELEGATES RESPONSIBILITY FOR MONITORING THE USE OF GRANT FUNDS TO INDIVIDUALS WITHIN THOSE ORGANIZATIONS. STUDENTS MUST MEET THE CRITERIA SPECIFIED IN THE SCHOLARSHIP PROGRAM IN ORDER TO RECEIVE THE SCHOLARSHIP. FOR ONGOING SCHOLARSHIPS, STUDENTS MUST CONTINUE TO MEET THE CRITERIA IN ORDER TO BE AWARDED A SCHOLARSHIP IN SUBSEQUENT YEARS. IN ADDITION TO THE SCHOLARSHIP FUNDING REPORTED IN SCHEDULE I, THE COLLEGE DISBURSED APPROXIMATELY $6.9 MILLION IN HIGHER EDUCATION EMERGENCY RELIEF FUND ("HEERF") AID TO ITS STUDENT POPULATION DURING THE FISCAL YEAR ENDING JUNE 30, 2022. HEERF PROVIDES FUNDING TO INSTITUTIONS FOR EMERGENCY FINANCIAL AID GRANTS TO STUDENTS AS WELL AS FUNDING TO SUPPORT INSTITUTIONAL COSTS INCURRED RELATED TO THE PANDEMIC. THE PORTION OF HEERF FUNDING ALLOCATED FOR EMERGENCY FINANCIAL AID GRANTS TO STUDENTS PASSES THROUGH THE STATEMENT OF FINANCIAL POSITION AND IS THEREFORE REPORTED AS NEITHER REVENUE NOR EXPENSE IN BOTH THE COLLEGE'S FINANCIAL STATEMENTS AND THIS FORM 990. DURING THE FISCAL YEAR ENDING JUNE 30, 2022, HEERF EMERGENCY FINANCIAL AID GRANTS WERE DISBURSED TO 3,233 STUDENTS. X X X X X 1 1 X X X 1 0 0 0 0 0 0 1 0 SHIRLEY M COLLADO ADVISOR (THRU 12/21)/PRES(THRU 8/21) 521441 0 0 0 145029 0 8167 0 16177 0 690814 0 0 0 LA JERNE TERRY CORNISH PRESIDENT (AS OF 08/21) 311470 0 50000 0 0 0 8563 0 21752 0 391785 0 0 0 LINDA PETROSINO DEAN, HS&HP 250799 0 0 0 0 0 2004 0 20586 0 273389 0 0 0 LAURIE M KOEHLER VP MARKETING AND ENROLLMENT STRATEGY 234463 0 0 0 0 0 6250 0 26141 0 266854 0 0 0 DAVID L WEIL ASSOCIATE VP & CIO 188384 0 10000 0 0 0 5000 0 59655 0 263039 0 0 0 HAYLEY HARRIS VP HUMAN RESOURCES 201452 0 0 0 27610 0 5250 0 21035 0 255347 0 0 0 TIMOTHY R CAREY ASSOCIATE VP, FACILITIES(THRU 06/22) 229729 0 10000 0 7500 0 5712 0 646 0 253587 0 0 0 WENDY KOBLER THRU 062022 VP PHILANTHROPY & ENGAGEMENT 235294 0 0 0 0 0 6000 0 11459 0 252753 0 0 0 ROSANNO FERRO THRU 062022 VP STUDENT AFFAIRS AND CAMPUS LIFE 193984 0 0 0 15600 0 5403 0 28737 0 243724 0 0 0 ALKA BRAMHANDKAR INTERIM DEAN, SCHOOL OF BUSINESS 190908 0 0 0 0 0 1667 0 23336 0 215911 0 0 0 JAMES A YAGGIE PROFESSOR 168540 0 0 0 7968 0 4500 0 34042 0 215050 0 0 0 MELANIE STEIN PROVOST (AS OF 08/21) 206878 0 0 0 0 0 5681 0 1539 0 214098 0 0 0 JOHN I POWERS INTERIM DEAN, COMMUNICATIONS 149075 0 0 0 0 0 4000 0 56649 0 209724 0 0 0 MARIE C BLOUIN ASSOCIATE PROFESSOR & CHAIR 168874 0 0 0 15702 0 4105 0 17532 0 206213 0 0 0 ODALYS M DIAZ PINEIRO CHIEF OF STAFF 173752 0 0 0 0 0 4750 0 19785 0 198287 0 0 0 JEFFREY LIPPITT ASSOCIATE PROFESSOR 171815 0 0 0 0 0 4444 0 13351 0 189610 0 0 0 MATTHEW C GEISZLER ASSOCIATE PROFESSOR 169345 0 0 0 2632 0 4042 0 10459 0 186478 0 0 0 KEITH A KAISER PROF. (AS OF 7/21)/DEAN (THRU 6/21) 132544 0 0 0 28688 0 2728 0 4446 0 168406 0 0 0 CASEY L KENDALL TRUSTEE, STAFF 141539 0 0 0 0 0 3750 0 22748 0 168037 0 0 0 BONNIE PRUNTY AS OF 062022 VP STUDENT AFFAIRS AND CAMPUS LIFE 156062 0 0 0 1974 0 3946 0 3121 0 165103 0 0 0 NANCY E PRINGLE SECRETARY & LEGAL COUNCIL TO BOARD 139511 0 0 0 0 0 1875 0 0 0 141386 0 0 0 NICOLE EVERSLEY BRADWELL EXEC. DIRECTOR, ADMISSION 117152 0 0 0 0 0 3000 0 10185 0 130337 0 0 0 DIANE M GAYESKI FORMER DEAN, SCHOOL OF COMMUNICATION 105822 0 0 0 0 0 2716 0 10138 0 118676 0 0 0 PART I, LINE 1A HOUSING ALLOWANCE OR RESIDENCE FOR PERSONAL USE/GROSS-UP PAYMENTS SHIRLEY M. COLLADO RECEIVED NON-CASH IMPUTED INCOME TOTALING $47,046 IN CALENDAR YEAR 2021 REPRESENTING PERSONAL USE OF HOUSING, CLEANING SERVICES, AND A LEASED VEHICLE. THE PRESIDENT ALSO RECEIVED A TAX GROSS-UP PAYMENT OF $28,995 AS COMPENSATION FOR THE ASSOCIATED ADDITIONAL TAX LIABILITIES. THESE AMOUNT IS REPORTED IN SCHEDULE J, PART II, COLUMN (B)(III). ROSANNA FERRO RECEIVED A HOUSING BENEFIT TOTALING $15,600 IN CALENDAR YEAR 2021. THIS AMOUNT IS REPORTED IN SCHEDULE J, PART II, COLUMN (B)(III). TRAVEL FOR COMPANIONS/CLUB DUES ITHACA COLLEGE REIMBURSED SHIRLEY M. COLLADO FOR CERTAIN SPOUSAL TRAVEL AND SOCIAL CLUB DUES EXPENSES THAT WERE INCURRED DURING THE YEAR. BOTH EXPENSES WERE INCURRED IN FURTHERANCE OF COLLEGE BUSINESS AND THEREFORE ARE DEEMED NON-TAXABLE BENEFITS. THESE AMOUNTS ARE REPORTED IN SCHEDULE J, PART II, COLUMN (D). PART I, LINES 4A-B: PART I, LINE 4A: VACATION PAYOUTS: AS PART OF THEIR SEPARATION FROM THEIR ROLES WITH THE COLLEGE, THE FOLLOWING INDIVIDUALS RECEIVED PAYMENTS REPRESENTING ACCRUED AND UNUSED VACATION TIME AS FOLLOWS: SHIRLEY M. COLLADO, $62,238; AND KEITH A. KAISER, $13,328. THESE PAYMENTS ARE REPORTED IN SCHEDULE J, PART II, COLUMN (B)(III). PART I, LINE 4B: SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN: DURING CALENDAR YEAR 2021 NO PERSONS LISTED ON FORM 990 PART VII SECTION A LINE 1A PARTICIPATED IN OR RECEIVED PAYMENT FROM AN IRC SECTION 457(F) SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN. PART I, LINE 7 NON-FIXED PAYMENTS MERIT BONUSES: IN ACCORDANCE WITH THE COLLEGE'S COMPENSATION POLICIES, EMPLOYEES WHO HAVE MADE SPECIFIC AND SIGNIFICANT ACCOMPLISHMENTS AND WHO HAVE PERFORMED WELL IN SUPPORT OF A PROJECT OR INITIATIVE DURING THE YEAR MAY BE RECOGNIZED WITH A ONE-TIME MERIT PAYMENT. THESE PAYMENTS ARE REPORTED IN SCHEDULE J, PART II, COLUMN (B)(II). DURING CALENDAR YEAR 2021 THERE WERE NO SUCH PAYMENTS TO REPORTED INDIVIDUALS. OTHER BONUSES: IN AN AGREEMENT DATED AUGUST 2019, TIMOTHY R. CAREY RECEIVED A RETENTION BONUS PAYABLE OVER THE COURSE OF A FIVE-YEAR TERM IN THE AMOUNT OF $10,000 PER YEAR. THE SECOND PAYMENT WAS ISSUED IN CALENDAR YEAR 2021 AND IS REPORTED IN SCHEDULE J, PART II, COLUMN (B)(II). IN AN AGREEMENT DATED FEBRUARY 2021, DAVID L. WEIL RECEIVED A RETENTION BONUS OF $10,000 WHICH IS REPORTED IN SCHEDULE J, PART II, COLUMN (B)(II). IN AN AGREEMENT DATED AUGUST 2021, LA JERNE TERRY CORNISH RECEIVED A BONUS OF $50,000 IN RECOGNITION OF CORNISH'S WILLINGNESS TO ASSUME THE ROLE OF INTERIM PRESIDENT DURING A TIME OF UNEXPECTED TRANSITION AND IN RECOGNITION OF THE IMPORTANCE OF CONTINUING STABLE AND EXPERIENCED LEADERSHIP FOR THE COLLEGE. THIS PAYMENT IS REPORTED IN SCHEDULE J, PART II, COLUMN (B)(II). RETIREMENT SUPPORT AMOUNT: IN CALENDAR YEAR 2021, SHIRLEY M. COLLADO RECEIVED A CONTRACTUALLY OBLIGATED RETIREMENT SUPPORT PAYMENT OF $6,750. THIS AMOUNT IS REPORTED IN SCHEDULE J, PART II, COLUMN (B)(III). TUITION ASSISTANCE: HAYLEY HARRIS RECEIVED TAXABLE TUITION ASSISTANCE TOTALING $27,610 IN CALENDAR YEAR 2021. THESE PAYMENTS ARE REPORTED IN SCHEDULE J, PART II, COLUMN (B)(III). ADDITIONAL DUTIES: IN ACCORDANCE WITH THE COLLEGE'S COMPENSATION POLICIES, FACULTY WHO PERFORM ADDITIONAL DUTIES AND MEET CERTAIN ELIGIBILITY REQUIREMENTS ARE ENTITLED TO RECEIVE ADDITIONAL COMPENSATION WHILE PERFORMING THESE ADDITIONAL DUTIES. UNLESS OTHERWISE NARRATED ELSEWHERE IN THIS SCHEDULE J, AMOUNTS REPORTED IN SCHEDULE J, PART II, COLUMN (B)(III) REPRESENT THIS COMPENSATION. EMPLOYER CONTRIBUTIONS TO IRC SECTION 403(B) RETIREMENT PLAN: FOR CALENDAR YEAR 2021, AMOUNTS IN SCHEDULE J, PART II, COLUMN (C) ARE COMPRISED OF EMPLOYER CONTRIBUTIONS TO THE IRC SECTION 403(B) RETIREMENT PLAN. NON-CASH TUITION REMISSION: DURING CALENDAR YEAR 2021, THE FOLLOWING INDIVIDUALS RECEIVED NON-CASH TUITION REMISSION BENEFITS FOR DEPENDENTS: DAVID L. WEIL, $49,220; AND JOHN I. POWERS, $24,805. THESE AMOUNTS ARE REPORTED IN SCHEDULE J, PART II, COLUMN (D). EMPLOYER-PAID HEALTH AND WELLNESS BENEFITS: AMOUNTS IN SCHEDULE J, PART II, COLUMN (D) OTHER THAN NON-CASH TUITION REMISSION AND TRAVEL FOR COMPANIONS/CLUB DUES ARE COMPRISED OF THE FOLLOWING: EMPLOYER AND EMPLOYEE PORTIONS OF HEALTH BENEFITS INCLUDING MEDICAL PREMIUMS, DENTAL PREMIUMS, VISION & HEARING PREMIUMS, LIFE INSURANCE PREMIUMS, CONTRIBUTIONS TO HEALTH SAVINGS ACCOUNTS, AND CONTRIBUTIONS TO THE EMERITI RETIREE HEALTH CARE PROGRAM. SHIRLEY M. COLLADO SERVED AS PRESIDENT THROUGH AUGUST 29, 2021 AND CONTINUED SERVING THE COLLEGE IN THE ROLE OF SENIOR ADVISOR TO THE INTERIM PRESIDENT AND THE BOARD OF TRUSTEES THROUGH DECEMBER 31, 2021. LA JERNE TERRY CORNISH SERVED AS PROVOST AND EXECUTIVE VICE PRESIDENT THROUGH AUGUST 29, 2021, SERVED AS INTERIM PRESIDENT EFFECTIVE AUGUST 30, 2021, AND BEGAN SERVING AS PRESIDENT EFFECTIVE MARCH 7, 2022. A TOMPKINS COUNTY DEVELOPMENT CORPORATION 272290745 2020-06-11 35274000 REFUNDING OF THE REISSUED SERIES 2005B BONDS 0 0 0 B TOMPKINS COUNTY DEVELOPMENT CORPORATION 272290745 890096CC2 2015-09-24 49150749 REFIN OF REISSUED SER. 2007 & 2008 BONDS 0 0 0 C TOMPKINS COUNTY DEVELOPMENT CORPORATION 272290745 890096CZ1 2017-12-09 25635508 ADVANCE REFUNDING OF SERIES 2011 0 0 0 D TOMPKINS COUNTY DEVELOPMENT CORPORATION 272290745 890096DR8 2018-12-20 21691959 CURRENT REFUNDING OF SERIES 2004 BONDS 0 0 0 A 1684174 35274000 281322 34992678 1 0 1 1 B 20935000 49150749 532438 48618311 1 0 1 1 C 2140000 26859625 376009 26483616 0 1 1 1 D 2475000 21691959 352901 21339058 1 0 0 1 B 0 1 1 1 0 0 0 1 C 0 1 1 1 0 0 0 1 D 0 1 0 0 0 0 1 A 0 1 1 0 1 0 0 0 1 B 0 0 0 1 0 0 0 0 1 C 0 1 0 0 0 0 0 0 1 D 0 1 1 0 0 0 0 0 1 A 1 B 1 C 1 D 1 PART I, BOND A, COLUMN F: PROCEEDS OF THE BONDS WERE ISSUED TO CURRENTLY REFUND THE BORROWER'S OUTSTANDING SERIES 2005B BONDS (ORIGINALLY ISSUED ON 12/09/2013). PART I, BOND B, COLUMN F: PROCEEDS OF THE BONDS WERE ISSUED TO CURRENTLY REFUND THE BORROWER'S OUTSTANDING REISSUED SERIES 2007 BONDS (ISSUED 08/20/2009) AND REISSUED SERIES 2008 BONDS (ISSUED 09/17/2009) (COLLECTIVELY, THE "PRIOR BONDS"). PART I, BOND C, COLUMN F: PROCEEDS OF THE BONDS WERE ISSUED TO ADVANCE REFUND THE BORROWER'S OUTSTANDING SERIES 2011 BONDS (ISSUED 04/07/2011) (THE "PRIOR BONDS"). PART I, BOND D, COLUMN F: THE ISSUE DATE FOR THE SERIES 2004 BONDS WAS NOVEMBER 10, 2004. PART II, BOND A, LINE 13: SINCE PROCEEDS OF THE BONDS WERE USED FOR CURRENT REFUNDING PURPOSES, THE YEAR OF SUBSTANTIAL COMPLETION IS NOT APPLICABLE. PART II, BOND B, LINE 13: THE BONDS WERE ISSUED FOR THE PURPOSE OF REFUNDING PRIOR BONDS, A SUBSTANTIAL DATE OF COMPLETION IS NOT APPLICABLE TO THE BOND ISSUE. PART II, BOND D, LINE 13: SINCE THE PROCEEDS OF THE BONDS WERE USED FOR CURRENT REFUNDING PURPOSES, THE YEAR OF SUBSTANTIAL COMPLETION IS NOT APPLICABLE. PART III, BOND A: BECAUSE THE REFUNDED REISSUED SERIES 2005B BONDS ISSUED ON 12/9/2013 REFUNDED BONDS ISSUED BEFORE JANUARY 1, 2003, THE ISSUER HAS NOT COMPLETED PART III WITH RESPECT TO THE BONDS. PART III, LINE 7: AS PROVIDED IN TREASURY REGULATION SECTION 1.141-4(C)(2)(I)(B), THE AMOUNT OF PRIVATE PAYMENTS TAKEN INTO ACCOUNT UNDER THE PRIVATE PAYMENT TEST MAY NOT EXCEED THE AMOUNT OF PRIVATE BUSINESS USE AND/OR UNRELATED TRADE OR BUSINESS USE. ACCORDINGLY, THE AMOUNT OF PRIVATE PAYMENTS FOR THE REPORTING PERIOD DOES NOT EXCEED THE AMOUNT STATED IN PART III, LINE 6. THE ORGANIZATION HAS NOT UNDERTAKEN AN ANALYSIS OF THE PRIVATE SECURITY TEST WITH RESPECT TO THE BONDS, AS THE LEVEL OF PRIVATE BUSINESS USE AND/OR UNRELATED TRADE OR BUSINESS REPORTED IN PART III, LINE 6, IS NOT IN EXCESS OF AMOUNTS PERMITTED UNDER SECTION 145 OF THE CODE. PART IV, BOND A, LINE 2: THE BONDS CONSIST OF A CURRENT REFUNDING, WHICH HAS MET AN EXCEPTION TO THE REBATE REQUIREMENT. PART IV, BOND B, LINE 2(C): THE INTERIM REBATE COMPUTATION WAS COMPLETED BY BLX GROUP LLC ON SEPTEMBER 25, 2022 AND CONCLUDED THAT NO REBATE LIABILITY WILL BE DUE ON THE BONDS ON ANY FUTURE REQUIRED COMPUTATION DATE. PART IV, BOND D, LINE 2(A): THE BONDS ARE A CURRENT REFUNDING OF THE SERIES 2004 BONDS, ISSUED ON NOVEMBER 10, 2004, AND SATISFIED THE 6 MONTH EXCEPTION OF REBATE. 72525 TUITION REMISSION EDUC BENEFITS 105000 SCHOLARSHIPS EDUC BENEFITS JASON MUENZEN FAMILY OF TRUSTEE 170752 SEE PART V 0 WILLIAM KIP OPPERMAN FAMILY OF TRUSTEE 21109 SEE PART V 0 SCHEDULE L, PART III SCHOOLS ARE NOT REQUIRED TO IDENTIFY INTERESTED PERSONS TO WHOM THEY PROVIDED SCHOLARSHIPS AND DISCOUNTED TUITION, AND COLUMNS (A) AND (B) ARE LEFT BLANK FOR THESE LINES. REVEALING THE IDENTITY OF SUCH INTERESTED PERSONS COULD RESULT IN AN UNAUTHORIZED DISCLOSURE OF STUDENT EDUCATION RECORDS UNDER THE FAMILY EDUCATIONAL RIGHTS AND PRIVACY ACT (FERPA). SCHEDULE L, PART IV, COLUMN D BOARD OF TRUSTEES MEMBER KRISTIN R. MUENZEN HAS A FAMILY MEMBER WHO IS AN EMPLOYEE OF THE COLLEGE. JASON MUENZEN IS EMPLOYED IN THE SCHOOL OF BUSINESS AS AN INSTRUCTOR AND THE DIRECTOR OF THE INVESTMENT PROGRAM AND RECEIVED WAGES OF $170,752 FOR THE YEAR ENDING DECEMBER 31, 2021.BOARD OF TRUSTEES MEMBER MARY G. OPPERMAN HAS A FAMILY MEMBER WHO IS AN EMPLOYEE OF THE COLLEGE. WILLIAM KIP OPPERMAN WORKED AS A PART-TIME LECTURER AND RECEIVED WAGES OF $21,109 FOR THE YEAR ENDING DECEMBER 31, 2021. X 24 620436 FAIR MARKET VALUE X FURNISHINGS 1 46775 COMPARABLE SALE 0 0 1 1 PART I, COLUMN (B): THE COLLEGE IS REPORTING THE NUMBER OF CONTRIBUTIONS RECEIVED. PART I, LINE 32B: TO THE EXTENT THAT THE ORGANIZATION RECEIVES CONTRIBUTIONS OF STOCK, THE ORGANIZATION USES ITS INVESTMENT BROKER TO CONVERT THOSE STOCKS INTO CASH. GENERAL STATEMENT REGARDING THE COVID-19 PANDEMIC: THE COVID-19 PANDEMIC CONTINUES TO HAVE SIGNIFICANT EFFECTS ON HIGHER EDUCATION, GLOBAL MARKETS, SUPPLY CHAINS, BUSINESSES, AND COMMUNITIES. SPECIFIC TO THE COLLEGE, COVID-19 HAS IMPACTED VARIOUS PARTS OF ITS OPERATIONS AND FINANCIAL RESULTS AND MAY IMPACT PORTIONS OF ITS OPERATIONS AND FINANCIAL RESULTS IN THE FUTURE, INCLUDING, BUT NOT LIMITED TO, DECLINES IN ENROLLMENT, LOSS OF AUXILIARY REVENUES, ADDITIONAL BAD DEBTS, COSTS FOR INCREASED USE OF TECHNOLOGY AND SAFETY PROTOCOLS, OR POTENTIAL SHORTAGES OF PERSONNEL. MANAGEMENT BELIEVES THAT THE COLLEGE IS TAKING APPROPRIATE ACTIONS TO MITIGATE THE NEGATIVE IMPACT. THE HIGHER EDUCATION EMERGENCY RELIEF FUND ("HEERF") PROVIDES FUNDING TO INSTITUTIONS FOR EMERGENCY FINANCIAL AID GRANTS TO STUDENTS AS WELL AS FUNDING TO SUPPORT INSTITUTIONAL COSTS INCURRED RELATED TO THE PANDEMIC. FOR THE YEARS ENDED JUNE 30, 2022 AND 2021, $6,905,444 AND $1,555,272, RESPECTIVELY, WAS DISBURSED DIRECTLY TO QUALIFYING STUDENTS FOR EMERGENCY AID AND PASSED THROUGH THE STATEMENT OF FINANCIAL POSITION. FOR THE YEARS ENDED JUNE 30, 2022 AND 2021, $15,000 AND $10,409,176, RESPECTIVELY, WAS USED TO SUPPORT COSTS INCURRED RELATED TO THE PANDEMIC AND TO OFFSET LOST REVENUE. SUCH REVENUE IS RECOGNIZED UNDER THE PROVISIONS OF THE HEERF PROGRAMS AND IS RECORDED AS GOVERNMENT GRANTS AND CONTRACTS WITHIN THE STATEMENT OF REVENUE. IN ADDITION TO THE PRECEDING HEERF FUNDS, THE COLLEGE RECEIVED FUNDS FROM THE FEDERAL EMERGENCY MANAGEMENT AGENCY ("FEMA") PUBLIC ASSISTANCE ("PA") PROGRAM, WHICH PROVIDES FUNDING TO GOVERNMENT ENTITIES AND CERTAIN PRIVATE NONPROFIT ORGANIZATIONS FOR THE PROVISION OF PERSONAL PROTECTIVE EQUIPMENT AND DISINFECTING SERVICES AND SUPPLIES. FOR THE YEAR ENDING JUNE 30, 2022, THE COLLEGE RECOGNIZED $1,857,320 AS REVENUE FROM THE FEMA PA PROGRAM, AND RECORDED THIS AMOUNT AS GOVERNMENT GRANTS AND CONTRACTS WITHIN THE ACCOMPANYING STATEMENT OF REVENUE. FORM 990, PART III, LINE 1 - ORGANIZATION'S MISSION: VISION: A GLOBAL DESTINATION FOR BOLD THINKERS SEEKING TO BUILD THRIVING COMMUNITIES. MISSION: EDUCATE, ENGAGE, AND EMPOWER THROUGH THEORY, PRACTICE, AND PERFORMANCE. VALUES: ACADEMIC EXCELLENCE, RESPECT AND ACCOUNTABILITY, INNOVATION, SUSTAINABILITY, AND EQUITY. ALL OF THESE VALUES ARE INTERRELATED AND EQUALLY CRITICAL TO ACCOMPLISHING ITHACA COLLEGE'S VISION AND MISSION. ACADEMIC EXCELLENCE. ITHACA COLLEGE VIEWS ACADEMIC EXCELLENCE AS THE INTEGRATION OF THEORY, PRACTICE, AND PERFORMANCE. THE COLLEGE'S UNIQUE FUSION OF THE LIBERAL ARTS AND PROFESSIONAL PROGRAMS ASSUMES THAT KNOWLEDGE NEEDS TO INFORM AND BE INFORMED BY HANDS-ON EXPERIENCE, REAL-LIFE APPLICATION, AND CONCRETE ACTION. CURRICULAR AND CO-CURRICULAR ACTIVITIES SHOULD PROVIDE ALL COMMUNITY MEMBERS WITH OPPORTUNITIES TO DEVELOP, DEBATE, AND CRITICALLY EVALUATE STRATEGIES TO ADDRESS COMPLEX PROBLEMS. RESPECT AND ACCOUNTABILITY. MUTUAL CARE, RESPECT, AND ACCOUNTABILITY ARE EXPECTED IN ALL FACETS OF INSTITUTIONAL LIFE. ITHACA COLLEGE VALUES EVERY COMMUNITY MEMBER'S DIGNITY AND SEEKS TO CREATE A SOCIAL ENVIRONMENT WHERE EVERYONE CAN FLOURISH AND BE THEIR AUTHENTIC SELF. AS MEMBERS OF A THRIVING COMMUNITY, WE DEMONSTRATE PRACTICES THAT FOSTER A SENSE OF BELONGING, SHARED RESPONSIBILITY, COLLABORATION, INNOVATION, AND ACHIEVEMENT. ACCOUNTABILITY TO ITHACA COLLEGE'S VALUES AND POLICIES GIVES US THE OPPORTUNITY TO CONSIDER THE CONSEQUENCES OF OUR ACTIONS, TO SELF-EXAMINE, AND TO FIND WAYS TO RESTORE TRUST AND FORGIVENESS WHEN HARM IS CAUSED. A CULTURE OF CARE AND LOVE GROWS WHEN WE RESPECTFULLY ENGAGE IN LEARNING OPPORTUNITIES THAT HELP US SHIFT OUT OF OUR PRESUMED PARADIGMS. INNOVATION. A CULTURE OF INNOVATION ENABLES US TO REMAIN FORWARD THINKING, NIMBLE, AND ADAPTABLE TO SOCIAL AND TECHNOLOGICAL CHANGE. WHEN PEOPLE FROM DIVERSE BACKGROUNDS AND EXPERIENCES ARE EMPOWERED TO EXCHANGE IDEAS AND COLLABORATIVELY PROBLEM-SOLVE, INNOVATION GROWS, CREATIVITY SPARKS, AND INSTITUTIONAL AND PERSONAL GOALS ARE ACHIEVED. COLLABORATION BETWEEN THE PROFESSIONAL AND LIBERAL ARTS TRADITIONS CULTIVATES ACADEMIC EXCELLENCE IN THE SPIRIT OF THEORY, PRACTICE, AND PERFORMANCE. SUSTAINABILITY. ADOPTING INSTITUTIONAL STRATEGIES THAT OFFER ECOLOGICAL AND RESOURCE-BASED SUSTENANCE TO THE PEOPLE AND PLACES OF ITHACA COLLEGE ENSURE ITS FUTURITY. SUSTAINABILITY MEANS INCREASING OUR USAGE OF RENEWABLE ENERGY SOURCES AND REDUCING OUR CARBON FOOTPRINT BECAUSE WE UNDERSTAND THE IMPACT OF OUR DECISIONS ON THE COMMUNITY AND THE PLANET. IT MEANS PRACTICING GOOD STEWARDSHIP OF FINANCIAL RESOURCES. IT MEANS FOSTERING CONNECTIONS AMONG STUDENTS, FACULTY, STAFF, ALUMNI, AND ADMINISTRATORS TO SERVE THE PUBLIC GOOD. WE ACTIVATE CRITICAL THINKING, SCHOLARLY INQUIRY, PROFESSIONAL SKILLS, AND PERFORMANCE IN ORDER TO POSITIVELY IMPACT, SUSTAIN, AND ADVANCE OUR LOCAL AND GLOBAL COMMUNITIES. EQUITY. WE ADOPT AN EQUITY FRAMEWORK THAT PROACTIVELY SEEKS TO MAKE ITHACA COLLEGE ACCESSIBLE, AFFORDABLE, AND INCLUSIVE FOR ALL PEOPLE, ESPECIALLY THOSE IMPACTED BY SYSTEMIC DISADVANTAGE, MARGINALIZATION, AND EXCLUSION. THIS ENDEAVOR REQUIRES RESOURCE ALLOCATION AS WELL AS ORGANIZATIONAL STRUCTURES THAT FACILITATE EQUITY. IT DEMANDS ADOPTING STRATEGIES FOR INCREASING THE REPRESENTATIONAL DIVERSITY OF STUDENTS, FACULTY, AND STAFF WHO ARE CURRENTLY UNDERREPRESENTED IN HIGHER EDUCATION. IT ALSO MEANS IMPLEMENTING INCLUSIVE POLICIES AND PRACTICES PROVEN TO FOSTER THE RETENTION, BELONGING, AND ADVANCEMENT OF PEOPLE WHO FACE SYSTEMIC DISADVANTAGES AND DISCRIMINATION BASED ON RACE, GENDER, SEXUAL ORIENTATION, RELIGION, ABILITY, AND NATIONAL ORIGIN. FINALLY, AN EQUITY FRAMEWORK ASSUMES INCLUSIVE DECISION-MAKING PROCESSES, TRANSPARENCY, AND ACCOUNTABILITY AS THE PRIMARY WAYS OF WORKING TOGETHER. FORM 990, PART III, 4A: INSTRUCTION, RESEARCH, AND PUBLIC SERVICE: ITHACA COLLEGE IS A PRIVATE, NONSECTARIAN, COEDUCATIONAL LIBERAL ARTS COLLEGE LOCATED IN ITHACA, NEW YORK. THE PRINCETON REVIEW CONSISTENTLY NAMES THE COLLEGE AMONG THE BEST COLLEGES IN THE NATION, WITH "THE BEST 388 COLLEGES: 2023 EDITION" AWARDING THE COLLEGE HIGH RANKINGS ON LISTS FOR BEST COLLEGE NEWSPAPER, BEST COLLEGE RADIO STATION, BEST COLLEGE THEATER, AND TOP 50 GREEN COLLEGES. IN FALL 2022, THE COLLEGE ENROLLED 4,521 FULL-TIME AND 98 PART-TIME UNDERGRADUATE STUDENTS AS WELL AS 435 GRADUATE STUDENTS. APPROXIMATELY 55% OF THE UNDERGRADUATE STUDENT BODY RESIDES IN ON-CAMPUS HOUSING. FOR THE 2021-2022 ACADEMIC YEAR, THE COLLEGE CONFERRED 1,269 UNDERGRADUATE AND 216 GRADUATE DEGREES, AND EMPLOYED 400 FULL-TIME AND 132 PART-TIME AND ADJUNCT FACULTY. THE COLLEGE OFFERS A CURRICULUM FOR 87 UNDERGRADUATE MAJOR DEGREE PROGRAMS AND 21 GRADUATE MAJOR DEGREE PROGRAMS IN ITS FIVE SCHOOLS, WHILE ALSO OFFERING 78 UNDERGRADUATE MINOR PROGRAMS. ROY H. PARK SCHOOL OF COMMUNICATIONS: THE SCHOOL OF COMMUNICATIONS, RECOGNIZED AS A LEADING UNDERGRADUATE COMMUNICATIONS SCHOOL, IS KNOWN FOR ITS PROMINENT STUDENT-RUN MEDIA VEHICLES, INCLUDING: THE ITHACAN, THE COLLEGE'S OFFICIAL WEEKLY NEWSPAPER; ITHACA COLLEGE TELEVISION; AND THE WICB RADIO STATION. THE SCHOOL ALSO OFFERS THE LOS ANGELES PROGRAM, AN INTERNSHIP-BASED PROGRAM THAT PROVIDES STUDENTS WITH PROFESSIONAL EXPERIENCE IN THEIR CHOSEN FIELD WHILE TAKING INDUSTRY-RELATED COURSES AT THE JAMES B. PENDLETON CENTER, LOCATED MINUTES FROM BURBANK AND HOLLYWOOD. SCHOOL OF BUSINESS: ACCREDITED BY THE ASSOCIATION OF ADVANCE COLLEGIATE SCHOOLS OF BUSINESS (AACSB), THE SCHOOL OF BUSINESS OFFERS A RIGOROUS PROFESSIONAL EDUCATION, OFFERING A RANGE OF UNDERGRADUATE PROGRAMS, CONCENTRATIONS, AND MINORS, AS WELL AS GRADUATE LEVEL AND CERTIFICATE PROGRAMS. STUDENTS PARTICIPATE IN THE PROFESSIONS PROGRAM, A PROFESSIONAL DEVELOPMENT CURRICULUM THAT ALLOWS STUDENTS TO DEVELOP PROGRESSIVE SKILLS AND GAIN EXPERIENCES THAT WILL PREPARE THEM FOR COMPETITIVE INTERNSHIPS AND CAREERS. SCHOOL OF MUSIC: TRACING ITS ROOTS TO THE COLLEGE'S FOUNDING IN 1892 AS A CONSERVATORY OF MUSIC, THE SCHOOL OF MUSIC PROVIDES STATE-OF-THE-ART FACILITIES, FEATURES OVER 25 ENSEMBLES, AND PRESENTS ABOUT 400 PERFORMANCES ANNUALLY. THE SCHOOL IS HOST TO SEVERAL SUMMER MUSIC OPPORTUNITIES TO MUSICIANS OF ALL AGES, INCLUDING THE SUMMER MUSIC ACADEMY AND THE SUMMER PIANO INSTITUTE, AND IS ACCREDITED BY THE NATIONAL ASSOCIATION OF SCHOOLS OF MUSIC. THROUGH THE MUSIC IN THE COMMUNITY PROGRAM, THE SCHOOL CONNECTS STUDENTS WITH THE COMMUNITY BY CREATING PERFORMANCE AND TEACHING OPPORTUNITIES IN THE GREATER ITHACA AREA. SCHOOL OF HUMANITIES & SCIENCES (H&S): A LIBERAL ARTS EDUCATION IN THE SCHOOL OF H&S PREPARES STUDENTS FOR LIFE IN A RAPIDLY CHANGING, MULTICULTURAL, AND GLOBALLY INCLUSIVE WORLD. H&S STUDENTS RECEIVE A BROAD FOUNDATIONAL UNDERSTANDING OF ISSUES FACING THE HUMAN COMMUNITY. STUDENTS BUILD THEIR OWN INTEGRATIVE AND CROSS-DISCIPLINARY VERSION OF AN H&S EDUCATION. THE DEPARTMENT OF THEATRE ARTS DRAWS STUDENTS FROM ACROSS THE UNITED STATES AND THE WORLD, AND IS ACCREDITED BY THE NATIONAL ASSOCIATION OF SCHOOLS OF THEATRE. SCHOOL OF HEALTH SCIENCES AND HUMAN PERFORMANCE (HS&HP): THE SCHOOL OF HS&HP'S STUDENTS TOUCH PEOPLE'S LIVES AS CLINICIANS, THERAPISTS, RESEARCHERS, ADMINISTRATORS, AND SPORT PROFESSIONALS. HS&HP STUDENTS CHOOSE FROM A ROBUST ARRAY OF ORGANIZATIONS ACROSS THE NATION TO ENGAGE IN INTERNSHIPS AND FIELDWORK, AND CAN HELP CLIENTS AT ONE OF FOUR ON-CAMPUS CLINICS. THE SCHOOL OFFERS A RANGE OF UNDERGRADUATE PROGRAMS, AS WELL AS GRADUATE PROGRAMS IN AREAS OF EXERCISE AND SPORT SCIENCES, OCCUPATIONAL THERAPY, PHYSICAL THERAPY, PHYSICIAN ASSISTANT STUDIES AND SPEECH-LANGUAGE PATHOLOGY AND AUDIOLOGY. STUDENTS ARE ENCOURAGED TO PARTICIPATE IN ONE OF THE COLLEGE'S MANY STUDY ABROAD OPPORTUNITIES. THE COLLEGE OPERATES THE ITHACA COLLEGE LONDON CENTER, WHICH IS LOCATED IN THE HEART OF THE ROYAL BOROUGH OF KENSINGTON AND CHELSEA AND IS AMONG THE LONGEST-STANDING STUDY ABROAD PROGRAMS IN LONDON. THE COLLEGE PROVIDES STUDENTS OPPORTUNITIES TO ENGAGE IN EXPERIENTIAL LEARNING THROUGH SCHOLARSHIP, RESEARCH, AND CREATIVE PERFORMANCE WITH FACULTY AND STAFF MEMBERS. RESEARCH IS FUNDED SUBSTANTIALLY BY PRIVATE AND GOVERNMENTAL AGENCIES. IN JUNE 2022, ITHACA COLLEGE HOSTED THE SUMMER GAMES OF THE SPECIAL OLYMPICS OF NEW YORK, BRINGING TOGETHER AROUND 1,150 ATHLETICS FROM ACROSS NEW YORK STATE, THEIR COACHES AND THEIR FAMILIES. FORM 990, PART III, 4B: AUXILIARY SERVICES: AUXILIARY ENTERPRISES EXIST TO FURNISH GOODS OR SERVICES TO STUDENTS, FACULTY, STAFF, AND OTHER INSTITUTIONAL DEPARTMENTS. AUXILIARY ENTERPRISES ARE MANAGED TO OPERATE AS SELF-SUPPORTING ACTIVITIES. MAJOR AUXILIARY ENTERPRISES AT THE COLLEGE INCLUDE THE FOLLOWING: DINING SERVICES, WHICH OPERATES MULTIPLE RESIDENTIAL AND RETAIL DINING FACILITIES LOCATED THROUGHOUT THE CAMPUS; THE CAMPUS STORE, WHICH PURVEYS TEXTBOOKS, APPAREL, SUPPLIES AND ACCESSORIES; AND CONFERENCE AND EVENT SERVICES, WHICH PROVIDES A FULL RANGE OF MEETING AND EVENT SERVICES. FORM 990, PART III, 4C: STUDENT SERVICES: STUDENT SERVICES INCLUDES EXPENSES INCURRED FOR OFFICES OF ADMISSIONS AND THE REGISTRAR, STUDENT AID ADMINISTRATION, AND ACTIVITIES WITH THE PRIMARY PURPOSE OF CONTRIBUTING TO STUDENTS' EMOTIONAL AND PHYSICAL WELL-BEING AND INTELLECTUAL, CULTURAL, AND SOCIAL DEVELOPMENT OUTSIDE THE CONTEXT OF THE FORMAL INSTRUCTION PROGRAM. STUDENT SERVICES ALSO INCLUDES THE COLLEGE'S MULTITUDE OF ATHLETICS PROGRAMS. THE COLLEGE'S VARSITY TEAMS COMPETE AT THE DIVISION III LEVEL OF THE NCAA. THE COLLEGE IS ALSO A MEMBER OF THE EASTERN COLLEGE ATHLETIC CONFERENCE AND THE LIBERTY LEAGUE. INTERCOLLEGIATE SPORTS INCLUDE BASEBALL, BASKETBALL, CREW, CROSS COUNTRY RUNNING, FIELD HOCKEY, FOOTBALL, GOLF, GYMNASTICS, LACROSSE, SCULLING, SOCCER, SOFTBALL, SWIMMING & DIVING, TENNIS, TRACK & FIELD, VOLLEYBALL, AND WRESTLING. THE COLLEGE ALSO HAS A LARGE INTRAMURAL SPORTS PROGRAM, IN WHICH APPROXIMATELY 20% OF STUDENTS PARTICIPATE, AND WHICH OFFERS A VARIETY OF SPORTS INCLUDING SOCCER, VOLLEYBALL, FLAG FOOTBALL, AND BASKETBALL, IN ADDITION TO SINGLE DAY EVENTS SUCH AS TENNIS TOURNAMENTS AND BATTLESHIP. THE COLLEGE IS ALSO HOME TO MORE THAN 60 CLUB SPORTS, MANY OF WHICH COMPETE REGULARLY AGAINST OTHER COLLEGES IN LEAGUES AND TOURNAMENTS. STUDENT SERVICES ALSO INCLUDES EXPENSES FOR THE OFFICE OF STUDENT ENGAGEMENT AND MULTICULTURAL AFFAIRS, WHICH PROVIDES THE FIRST-YEAR EXPERIENCE AND ORIENTATION, AND OVERSEES STUDENT ACTIVITIES, MULTICULTURAL EVENTS, AND STUDENT ORGANIZATIONS. THE CENTER FOR CAREER EXPLORATION AND DEVELOPMENT, SERVING BOTH STUDENTS AND ALUMNI, PROVIDES CAREER-RELATED EDUCATION, EXPERIENTIAL LEARNING, PROFESSIONAL DEVELOPMENT, AND POST-GRADUATE OPPORTUNITIES FOR THE BENEFIT OF STUDENTS AND ALUMNI. FORM 990, PART VI, SECTION A, LINE 1: INDEPENDENT VOTING MEMBERS MEMBERS OF THE BOARD OF TRUSTEES ARE DEEMED TO BE NON-INDEPENDENT IF THEY HAVE A COMPENSATORY RELATIONSHIP WITH THE COLLEGE, EITHER BECAUSE THE INDIVIDUAL RECEIVES W-2 WAGES FROM THE COLLEGE, A FAMILY MEMBER IS EMPLOYED BY THE COLLEGE, OR BECAUSE THE INDIVIDUAL HAS A CONFLICT RELATIONSHIP REQUIRING DISCLOSURE ON SCHEDULE L OF THE FORM 990. THE FOLLOWING INDIVIDUALS HAVE COMPENSATION RELATIONSHIPS WITH THE COLLEGE: KRISTIN R. MUENZEN, MARY GEORGE OPPERMAN, KALENA A. YEARWOOD, CASEY L. KENDALL, BARUCH J. WHITEHEAD, AND LA JERNE TERRY CORNISH. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 REVIEW PROCESS THE COLLEGE'S DEPARTMENT OF FINANCIAL SERVICES COMPILES THE UNDERLYING RECORDS AND PREPARES SUPPORTING SCHEDULES USED IN THE PREPARATION OF THE FORM 990. THE COLLEGE USES AN EXTERNAL TAX SERVICE PROVIDER TO PREPARE AND REVIEW THE FORM 990. THE VICE PRESIDENT OF FINANCE AND ADMINISTRATION AND OTHER KNOWLEDGEABLE PERSONS REVIEW THE FORM 990 PRIOR TO SUBMITTING THE FORM 990 TO THE BOARD OF TRUSTEES FOR REVIEW. THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES ENGAGES IN AN ADDITIONAL REVIEW OF THE FORM 990 WITH THE EXTERNAL TAX SERVICE PROVIDER AND PERSONS FROM THE COLLEGE'S OFFICE OF BUSINESS AND FINANCE. THE FULL BOARD OF TRUSTEESS RECEIVES A COMPLETE COPY OF THE FORM 990 PRIOR TO FILING THE FORM. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST POLICY ALL TRUSTEES AND SENIOR MANAGEMENT COMPLETE ANNUAL CONFLICT OF INTEREST FORMS. THE FORMS ARE SUBMITTED TO THE SECRETARY OF THE BOARD AND ALL DISCLOSED CONFLICTS ARE FORWARDED TO THE CHAIR OF THE AUDIT COMMITTEE FOR REVIEW AND ON-GOING MONITORING. FORM 990, PART VI, SECTION B, LINE 15 PROCESS FOR DETERMINING EXECUTIVE COMPENSATION FOR TOP MANAGEMENT OFFICIALS - THE GOVERNANCE & COMPENSATION/ASSESSMENT COMMITTEE ANNUALLY COLLECTS COMPARABILITY DATA TO BE USED IN ESTABLISHING PRESIDENTIAL COMPENSATION. THIS DATA IS GATHERED USING THE ASSISTANCE OF NON-INTERESTED PARTIES INCLUDING EXTERNAL CONSULTANTS AND THE COLLEGE'S OFFICE OF HUMAN RESOURCES. THE GOVERNANCE & COMPENSATION/ASSESSMENT COMMITTEE MAKES A RECOMMENDATION TO THE EXECUTIVE COMMITTEE FOR THEIR REVIEW. THE EXECUTIVE COMMITTEE REPORTS TO THE FULL BOARD OF TRUSTEES THE DETAILS OF THE REVIEW. THE FULL BOARD HAS FINAL APPROVAL OF COMPENSATION. FOR OTHER OFFICERS AND KEY EMPLOYEES - HUMAN RESOURCES OBTAINS COMPARABILITY DATA ON COMPENSATION WHICH IS SHARED WITH THE PRESIDENT. THE PRESIDENT REVIEWS THE DATA AND COMPENSATION WITH THE GOVERNANCE & COMPENSATION/ASSESSMENT COMMITTEE. THE PRESIDENT ANNUALLY REVIEWS THE COMPENSATION POLICIES FOR OFFICERS OF THE COLLEGE. FORM 990, PART VI, SECTION C, LINE 19 MAKING ORGANIZATIONAL DOCUMENTS AVAILABLE TO THE PUBLIC THE PUBLIC MAY ACCESS THE COLLEGE'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS BY VISITING THE COLLEGE'S WEBSITE OR BY CONTACTING THE OFFICE OF THE VICE PRESIDENT OF FINANCE ADMINISTRATION AT THE CONTACT INFORMATION DISCLOSED IN PART VI SECTION C LINE 20. THE COLLEGE MAKES ITS IRS DETERMINATION LETTER CONFIRMING ITS TAX-EXEMPT STATUS AVAILABLE TO THE PUBLIC AT ITS PLACE OF BUSINESS UPON REQUEST IN LIEU OF THE FORM 1023 WHICH IS NO LONGER AVAILABLE. FORM 990, PART XI, LINE 9: POSTRETIREMENT BENEFITS GAIN OTHER THAN NET PERIODIC BENEFIT COST 1,871,026. ADJUSTMENT TO LIABILITIES FOR PERKINS LOAN PROGRAM 12,009. ADJUSTMENT TO LIABILITIES FOR GATE LOAN PROGRAM 38,135. ADJUSTMENT TO LIABILITIES FOR SELF-INSURED HEALTH CARE 134,868. ADJUSTMENT TO LIABILITIES FOR OTHER EMPLOYEE BENEFITS 352,227. CHANGE IN VALUATION OF CHARITABLE GIVING ANNUITY AGREEMENTS 88,550. CHANGE IN FAIR VALUE OF INTEREST RATE SWAP AGREEMENTS 745,146.