ALLIANCE UNIVERSITY: Form 990, tax year 2020
View the entire original 990 at ProPublica ↗
- Organization
- ALLIANCE UNIVERSITY (EIN 13-1740285)
- Tax period
- 2020-07-01 to 2021-06-30
- Filed
- 2022-05-07
- IRS object ID
- 202221279349300412
- Schema version
- 2020v4.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule E
- Schedule I
- Schedule J
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2022-05-07T08:23:51-07:00 | ReturnTs |
| Tax Period End | 2021-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 200609534 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | DESENA & COMPANY CPAS LLC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 100 Eagle Rock Avenue Suite 110 | AddressLine1Txt |
| City | East Hanover | CityNm |
| State Abbreviation | NJ | StateAbbreviationCd |
| ZIP | 07936 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2020-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 131740285 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NYACK COLLEGE | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | NYAC | BusinessNameControlTxt |
| Phone | 6463786100 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2 WASHINGTON STREET | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10004 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | RAJAN S MATHEWS - 712021 | PersonNm |
| Person Title | President | PersonTitleTxt |
| Signature | 2022-05-07 | SignatureDt |
| Discuss With Paid Preparer | false | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | RAJAN S MATHEWS - | PersonFirstNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Raymond B Desena CPA | PreparerPersonNm |
| PTIN | P00528300 | PTIN |
| Phone | 9736023300 | PhoneNum |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 2 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Federated Assurance Level | FAL1 | FederatedAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2020 | TaxYr |
| Build TS | 2022-09-23 18:48:47Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | RAJAN S MATHEWS - 712021 | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2 WASHINGTON STREET | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10004 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $101,005,765 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | www.nyack.edu | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1944 | FormationYr |
| Legal Domicile State | NY | LegalDomicileStateCd |
| Activity Or Mission | NYACK COLLEGE, A CHRISTIAN & MISSIONARY ALLIANCE EDUCATIONAL INSTITUTION, THROUGH ITS UNDERGRADUATE, GRADUATE AND SEMINARY PROGRAMS, PURSUES ITS HISTORICAL MISSION OF PREPARING MEN & WOMEN TO "TAKE THE WHOLE GOSPEL TO THE WHOLE WORLD." | ActivityOrMissionDesc |
| Voting Members Governing Body | 23 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 16 | VotingMembersIndependentCnt |
| Total Employee | 661 | TotalEmployeeCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| PY Contributions Grants | $4,211,607 | PYContributionsGrantsAmt |
| CY Contributions Grants | $12,894,717 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $35,077,054 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $36,412,528 | CYProgramServiceRevenueAmt |
| PY Investment Income | $296,510 | PYInvestmentIncomeAmt |
| CY Investment Income | $28,804,001 | CYInvestmentIncomeAmt |
| PY Other Revenue | $406,471 | PYOtherRevenueAmt |
| CY Other Revenue | $191,596 | CYOtherRevenueAmt |
| PY Total Revenue | $39,991,642 | PYTotalRevenueAmt |
| CY Total Revenue | $78,302,842 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $12,721,592 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $17,515,807 | CYGrantsAndSimilarPaidAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $17,106,530 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $15,504,044 | CYSalariesCompEmpBnftPaidAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $242,796 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $22,376,959 | PYOtherExpensesAmt |
| CY Other Expenses | $20,995,353 | CYOtherExpensesAmt |
| PY Total Expenses | $52,205,081 | PYTotalExpensesAmt |
| CY Total Expenses | $54,015,204 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | -$12,213,439 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $24,287,638 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $79,649,506 | TotalAssetsBOYAmt |
| Total Assets EOY | $64,564,725 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $98,758,204 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $59,154,993 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | -$19,108,698 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $5,409,732 | NetAssetsOrFundBalancesEOYAmt |
| Mission | NYACK COLLEGE, A CHRISTIAN & MISSIONARY ALLIANCE EDUCATIONAL INSTITUTION, THROUGH ITS UNDERGRADUATE, GRADUATE AND SEMINARY PROGRAMS, PURSUES ITS HISTORICAL MISSION OF PREPARING MEN & WOMEN TO "TAKE THE WHOLE GOSPEL TO THE WHOLE WORLD." | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Expense | $30,772,127 | ExpenseAmt |
| Grant | $17,515,807 | GrantAmt |
| Revenue | $34,161,175 | RevenueAmt |
| Desc | EDUCATION OF 2,479 STUDENTS AT CAMPUSES LOCATED IN NYACK AND LOWER MANHATTAN, NEW YORK WITH AN EXTENSION SITE LOCATED IN PUERTO RICO, PLUS ONLINE PROGRAMS | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $14,033,503 | ExpenseAmt |
| Desc | STUDENT SERVICES AND AUXILIARY ENTERPRISES | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $2,317,966 | ExpenseAmt |
| Desc | ACADEMIC SUPPORT | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expenses | $47,123,596 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (true) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (true) | ScheduleBRequiredInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Lobbying Activities | false | LobbyingActivitiesInd |
| Subject To Proxy Tax | false | SubjectToProxyTaxInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Conservation Easements | false | ConservationEasementsInd |
| Collections Of Art | false | CollectionsOfArtInd |
| Credit Counseling | false | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | Yes (true) | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (true) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | false | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | false | ReportProgramRelatedInvstInd |
| Report Other Assets | false | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (true) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | false | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (true) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (true) | ConsolidatedAuditFinclStmtInd |
| School Operating | Yes (true) | SchoolOperatingInd |
| Foreign Office | false | ForeignOfficeInd |
| Foreign Activities | false | ForeignActivitiesInd |
| More Than5000 K To Org | false | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividualsInd |
| Professional Fundraising | false | ProfessionalFundraisingInd |
| Fundraising Activities | false | FundraisingActivitiesInd |
| Gaming Activities | false | GamingActivitiesInd |
| Operate Hospital | false | OperateHospitalInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (true) | GrantsToIndividualsInd |
| Schedule J Required | Yes (true) | ScheduleJRequiredInd |
| Tax Exempt Bonds | false | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | false | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | false | PYExcessBenefitTransInd |
| Loan Outstanding | false | LoanOutstandingInd |
| Grant To Related Person | false | GrantToRelatedPersonInd |
| Business Rln With Org Mem | false | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | false | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | false | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | false | DeductibleNonCashContriInd |
| Deductible Art Contribution | false | DeductibleArtContributionInd |
| Terminate Operations | false | TerminateOperationsInd |
| Partial Liquidation | false | PartialLiquidationInd |
| Disregarded Entity | Yes (true) | DisregardedEntityInd |
| Related Entity | Yes (true) | RelatedEntityInd |
| Related Organization Ctrl Ent | false | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | false | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| IRP Document | 101 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (true) | BackupWthldComplianceInd |
| Employee | 661 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (true) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | false | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | false | TaxablePartyNotificationInd |
| Nondeductible Contributions | false | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | Yes (true) | QuidProQuoContributionsInd |
| Quid Pro Quo Contri Discl | Yes (true) | QuidProQuoContriDisclInd |
| Form8282 Property Disposed Of | false | Form8282PropertyDisposedOfInd |
| Form8282 Filed | 0 | Form8282FiledCnt |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Form8899 Filedind | false | Form8899Filedind |
| Form1098 C Filed | false | Form1098CFiledInd |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | false | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 23 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 16 | IndependentVotingMemberCnt |
| Family Or Business Rln | false | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | false | DelegationOfMgmtDutiesInd |
| Change To Org Documents | false | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | false | MembersOrStockholdersInd |
| Election Of Board Members | false | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | false | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (true) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (true) | MinutesOfCommitteesInd |
| Officer Mailing Address | false | OfficerMailingAddressInd |
| Local Chapters | Yes (true) | LocalChaptersInd |
| Policies Reference Chapters | Yes (true) | PoliciesReferenceChaptersInd |
| Form990 Provided To Gvrn Body | Yes (true) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (true) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (true) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (true) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (true) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (true) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (true) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (true) | CompensationProcessOtherInd |
| Investment In Joint Venture | false | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | NY | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | CORNELIUS F SPITZER | PersonNm |
| Phone | 6463786146 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2 WASHINGTON STREEET | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10004 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (30 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt |
|---|---|---|---|---|---|---|---|
| DR MICHAEL G SCALES - 63021 | |||||||
| President | 40.00 | 0.00 | Yes (X) | Yes (X) | $206,293 | $0 | $80,090 |
| DAVID C JENNINGS | |||||||
| EXEC VP/TREAS. | 40.00 | 0.00 | Yes (X) | $138,000 | $0 | $100,353 | |
| DAVID F TURK | |||||||
| PROVOST & VP | 40.00 | 0.00 | $154,334 | $0 | $26,299 | ||
| KENNETH E BALDES | |||||||
| Trustee | 2.40 | 40.00 | Yes (X) | $0 | $138,407 | $22,358 | |
| DR GARY D FRIESEN | |||||||
| Trustee | 2.40 | 40.00 | Yes (X) | $0 | $79,660 | $69,653 | |
| CORNELIUS F SPITZER | |||||||
| CFO | 35.00 | 0.00 | $109,668 | $0 | $29,676 | ||
| STEPHEN MARET | |||||||
| PROF OF PSYCHOLOGY | 40.00 | 0.00 | $114,148 | $0 | $12,002 | ||
| ANITA L UNDERWOOD | |||||||
| DEAN BUS & LEADRSH | 40.00 | 0.00 | $108,193 | $0 | $11,002 | ||
| JEFFREY T QUINN | |||||||
| VP COLLEGE RELATNS | 40.00 | 0.00 | $105,247 | $0 | $0 | ||
| REV KELVIN WALKER | |||||||
| Trustee | 2.40 | 40.00 | Yes (X) | $0 | $26,045 | $58,990 | |
| REV THOMAS R FLANDERS | |||||||
| Trustee | 2.40 | 40.00 | Yes (X) | $0 | $45,678 | $30,416 | |
| DR DUANE A WHEELAND | |||||||
| VICE CHAIRMAN | 2.40 | 40.00 | Yes (X) | Yes (X) | $0 | $73,974 | $0 |
| REV HAN YOUNG BAEK | |||||||
| Trustee | 2.40 | 40.00 | Yes (X) | $0 | $14,937 | $0 | |
| WILLIAM M BEATTY | |||||||
| Trustee | 2.40 | 0.00 | Yes (X) | $0 | $0 | $0 | |
| REV DR VICTOR W CHAN | |||||||
| Trustee | 2.40 | 0.00 | Yes (X) | $0 | $0 | $0 | |
| GLENN G DAVES | |||||||
| Trustee | 2.40 | 0.00 | Yes (X) | $0 | $0 | $0 | |
| DR ROCKWELL L DILLAMAN | |||||||
| Trustee | 2.40 | 0.00 | Yes (X) | $0 | $0 | $0 | |
| DR PAUL D GLENN | |||||||
| Secretary | 2.40 | 0.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| ANNE SNYDER BROOKS | |||||||
| Trustee | 2.40 | 0.00 | Yes (X) | $0 | $0 | $0 | |
| J MICHAEL KNEFLEY | |||||||
| Trustee | 2.40 | 0.00 | Yes (X) | $0 | $0 | $0 | |
| REV DR DENNY KRAJACIC | |||||||
| Trustee | 2.40 | 0.00 | Yes (X) | $0 | $0 | $0 | |
| DR TZUO-YAN LEE | |||||||
| Trustee | 2.40 | 0.00 | Yes (X) | $0 | $0 | $0 | |
| J ROBERT CIMINERA | |||||||
| Trustee | 2.40 | 0.00 | Yes (X) | $0 | $0 | $0 | |
| DR JOHN PRAVEEN | |||||||
| Trustee | 2.40 | 0.00 | Yes (X) | $0 | $0 | $0 | |
| DWIGHT D SAFER | |||||||
| Trustee | 2.40 | 0.00 | Yes (X) | $0 | $0 | $0 | |
| REV SCOTT G SLOCUM | |||||||
| BOARD CHAIRMAN | 2.40 | 0.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| MRS PAULETTE ZIMMERMAN | |||||||
| Trustee | 2.40 | 0.00 | Yes (X) | $0 | $0 | $0 | |
| DR CAROLYN TONGE | |||||||
| Trustee | 2.40 | 0.00 | Yes (X) | $0 | $0 | $0 | |
| VIVIAN A PRICE | |||||||
| Trustee | 2.40 | 0.00 | Yes (X) | $0 | $0 | $0 | |
| RAJAN S MATHEWS - 712021 | |||||||
| President | 40.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $935,883 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $378,701 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $440,839 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 8 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | false | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (true) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (4 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| PRYOR CASHMAN LLP | |||||
| 7 TIMES SQUARE | NEW YORK | NY | 100366569 | LEGAL SERVICE | $449,703 |
| OAK SECURITY GROUP LLC | |||||
| 10640 E 59TH STREET | INDIANAPOLIS | IN | 46236 | SECURITY | $106,143 |
| BKD LLP | |||||
| 1155 AVENUE OF THE AMERICAS | NEW YORK | NY | 100362711 | ACCOUNTING/AUDIT | $104,500 |
| ELECTRIC SYMPHONY LLC | |||||
| PO BOX 21940 | NEW YORK | NY | 10087 | CONTRACTOR | $415,150 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 4 | CntrctRcvdGreaterThan100KCnt |
| Related Organizations | $737,499 | RelatedOrganizationsAmt |
| Government Grants | $9,320,086 | GovernmentGrantsAmt |
| All Other Contributions | $2,837,132 | AllOtherContributionsAmt |
| Total Contributions | $12,894,717 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| AUXILIARY ENTERPRISES | 611710 | $2,251,353 | $2,251,353 |
| GROSS TUITION & FEES | 611600 | $34,161,175 | $34,161,175 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $36,412,528 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $343,359 | TotalRevenueColumnAmt |
| Exclusion | $343,359 | ExclusionAmt |
Incm From Invest Bond Proceeds IncmFromInvestBondProceedsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Royalties Revenue RoyaltiesRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $5,663,565 | SecuritiesAmt |
| Other | $45,500,000 | OtherAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $5,337,436 | SecuritiesAmt |
| Other | $17,365,487 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $326,129 | SecuritiesAmt |
| Other | $28,134,513 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $28,460,642 | TotalRevenueColumnAmt |
| Exclusion | $28,460,642 | ExclusionAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Net Income From Gaming NetIncomeFromGamingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Net Income Or Loss NetIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Other Revenue Misc OtherRevenueMiscGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | ExclusionExclusionAmt |
|---|---|---|---|
| INTEREST INC ON ACCTS REC | 522220 | $129,805 | $129,805 |
| MISCELLANEOUS | 900099 | $61,791 | $61,791 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $191,596 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $78,302,842 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $36,412,528 | RelatedOrExemptFuncIncomeAmt |
| Exclusion | $28,995,597 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $17,515,807 | TotalAmt |
| Program Services | $17,515,807 | ProgramServicesAmt |
Foreign Grants ForeignGrantsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Benefits To Members BenefitsToMembersGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $529,382 | TotalAmt |
| Management And General | $529,382 | ManagementAndGeneralAmt |
Comp Disqual Persons CompDisqualPersonsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $12,164,444 | TotalAmt |
| Program Services | $10,932,293 | ProgramServicesAmt |
| Management And General | $1,229,069 | ManagementAndGeneralAmt |
| Fundraising | $3,082 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $542 | TotalAmt |
| Management And General | $542 | ManagementAndGeneralAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,037,022 | TotalAmt |
| Program Services | $1,933,109 | ProgramServicesAmt |
| Management And General | $103,368 | ManagementAndGeneralAmt |
| Fundraising | $545 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $772,654 | TotalAmt |
| Program Services | $674,809 | ProgramServicesAmt |
| Management And General | $97,655 | ManagementAndGeneralAmt |
| Fundraising | $190 | FundraisingAmt |
Fees For Services Management FeesForServicesManagementGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $80,423 | TotalAmt |
| Management And General | $80,423 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $119,000 | TotalAmt |
| Management And General | $119,000 | ManagementAndGeneralAmt |
Fees For Services Lobbying FeesForServicesLobbyingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,337 | TotalAmt |
| Management And General | $3,337 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,147,905 | TotalAmt |
| Program Services | $2,706,674 | ProgramServicesAmt |
| Management And General | $246,589 | ManagementAndGeneralAmt |
| Fundraising | $194,642 | FundraisingAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $489,085 | TotalAmt |
| Program Services | $482,435 | ProgramServicesAmt |
| Management And General | $6,650 | ManagementAndGeneralAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $827,888 | TotalAmt |
| Program Services | $435,514 | ProgramServicesAmt |
| Management And General | $371,186 | ManagementAndGeneralAmt |
| Fundraising | $21,188 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $145,415 | TotalAmt |
| Program Services | $145,415 | ProgramServicesAmt |
Royalties RoyaltiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,759,508 | TotalAmt |
| Program Services | $4,254,138 | ProgramServicesAmt |
| Management And General | $501,139 | ManagementAndGeneralAmt |
| Fundraising | $4,231 | FundraisingAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $123,603 | TotalAmt |
| Program Services | $82,168 | ProgramServicesAmt |
| Management And General | $41,435 | ManagementAndGeneralAmt |
Pymt Travel Entrtnmnt Pub Ofcl PymtTravelEntrtnmntPubOfclGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,347,327 | TotalAmt |
| Program Services | $2,719,457 | ProgramServicesAmt |
| Management And General | $2,617,240 | ManagementAndGeneralAmt |
| Fundraising | $10,630 | FundraisingAmt |
Payments To Affiliates PaymentsToAffiliatesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,112,413 | TotalAmt |
| Program Services | $1,937,064 | ProgramServicesAmt |
| Management And General | $168,650 | ManagementAndGeneralAmt |
| Fundraising | $6,699 | FundraisingAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $530,449 | TotalAmt |
| Program Services | $384,984 | ProgramServicesAmt |
| Management And General | $144,268 | ManagementAndGeneralAmt |
| Fundraising | $1,197 | FundraisingAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| STUDENT RELIEF EXPENDITURES | $2,265,049 | $2,265,049 | ||
| OTHER EXPENSES | $292,284 | $248,922 | $43,143 | $219 |
| BAD DEBT | $275,863 | $275,863 | ||
| STUDENT INSURANCE | $245,124 | $245,124 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $230,680 | TotalAmt |
| Program Services | $160,634 | ProgramServicesAmt |
| Management And General | $69,873 | ManagementAndGeneralAmt |
| Fundraising | $173 | FundraisingAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $54,015,204 | TotalAmt |
| Program Services | $47,123,596 | ProgramServicesAmt |
| Management And General | $6,648,812 | ManagementAndGeneralAmt |
| Fundraising | $242,796 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $0 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,470,131 | BOYAmt |
| EOY | $3,485,743 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,297,606 | BOYAmt |
| EOY | $5,627,680 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,562,450 | BOYAmt |
| EOY | $1,876,474 | EOYAmt |
Receivables From Officers Etc ReceivablesFromOfficersEtcGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $0 | EOYAmt |
Rcvbl From Disqualified Prsn RcvblFromDisqualifiedPrsnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $0 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $477,071 | BOYAmt |
| EOY | $275,761 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $0 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $799,484 | BOYAmt |
| EOY | $1,509,682 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $63,306,629 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $15,254,040 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $63,465,153 | BOYAmt |
| EOY | $48,052,589 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,455,572 | BOYAmt |
| EOY | $1,198,501 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $0 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $0 | EOYAmt |
Intangible Assets IntangibleAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $0 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,122,039 | BOYAmt |
| EOY | $2,538,295 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $79,649,506 | BOYAmt |
| EOY | $64,564,725 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,236,530 | BOYAmt |
| EOY | $2,793,478 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,356,119 | BOYAmt |
| EOY | $1,421,007 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $90,624,110 | BOYAmt |
| EOY | $51,620,317 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,541,445 | BOYAmt |
| EOY | $3,320,191 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $98,758,204 | BOYAmt |
| EOY | $59,154,993 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | -$33,239,331 | BOYAmt |
| EOY | -$9,445,631 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $14,130,633 | BOYAmt |
| EOY | $14,855,363 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | -$19,108,698 | BOYAmt |
| EOY | $5,409,732 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $79,649,506 | BOYAmt |
| EOY | $64,564,725 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | $24,287,638 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $230,792 | NetUnrlzdGainsLossesInvstAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | false | AccountantCompileOrReviewInd |
| FS Audited | Yes (true) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (true) | AuditCommitteeInd |
| Federal Grant Audit Required | Yes (true) | FederalGrantAuditRequiredInd |
| Federal Grant Audit Performed | Yes (true) | FederalGrantAuditPerformedInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School | Yes (X) | SchoolInd |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $13,873,862 | BeginningYearBalanceAmt |
| Contributions | $123,569 | ContributionsAmt |
| Investment Earnings Or Losses | $749,172 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $210,650 | GrantsOrScholarshipsAmt |
| End Year Balance | $14,535,953 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $13,600,434 | BeginningYearBalanceAmt |
| Contributions | $80,925 | ContributionsAmt |
| Investment Earnings Or Losses | $477,973 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $285,470 | GrantsOrScholarshipsAmt |
| End Year Balance | $13,873,862 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $13,396,332 | BeginningYearBalanceAmt |
| Contributions | $46,310 | ContributionsAmt |
| Investment Earnings Or Losses | $475,017 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $317,225 | GrantsOrScholarshipsAmt |
| End Year Balance | $13,600,434 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $13,129,960 | BeginningYearBalanceAmt |
| Contributions | $100,308 | ContributionsAmt |
| Investment Earnings Or Losses | $474,824 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $308,760 | GrantsOrScholarshipsAmt |
| End Year Balance | $13,396,332 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $12,164,319 | BeginningYearBalanceAmt |
| Contributions | $116,729 | ContributionsAmt |
| Investment Earnings Or Losses | $1,108,375 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $259,463 | GrantsOrScholarshipsAmt |
| End Year Balance | $13,129,960 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Prmnnt Endowment Balance EOY | 0.77380 | PrmnntEndowmentBalanceEOYPct |
| Term Endowment Balance EOY | 0.22620 | TermEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | false | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | Yes (true) | EndowmentsHeldRelatedOrgInd |
| Related Org List Sch R | Yes (true) | RelatedOrgListSchRInd |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $52,769,194 | OtherCostOrOtherBasisAmt |
| Depreciation | $7,806,282 | DepreciationAmt |
| Book Value | $44,962,912 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $10,044,241 | OtherCostOrOtherBasisAmt |
| Depreciation | $7,102,577 | DepreciationAmt |
| Book Value | $2,941,664 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $493,194 | OtherCostOrOtherBasisAmt |
| Depreciation | $345,181 | DepreciationAmt |
| Book Value | $148,013 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $48,052,589 | TotalBookValueLandBuildingsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (4 entries)
| DescDesc | AmtAmt |
|---|---|
| DEFERRED RENT | $2,029,826 |
| MORTGAGE PAYABLE ALLIANCE DEVELOPMENT FD | $178,220 |
| POST-RETIREMENT LIABILITY | $958,261 |
| US GOV'T REFUNDABLE GRANTS | $153,884 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $3,320,191 | TotalLiabilityAmt |
| Total Rev Etc Audited Fincl Stmt | $61,014,490 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | $230,792 | NetUnrealizedGainsInvstAmt |
| Revenue Not Reported | $230,792 | RevenueNotReportedAmt |
| Revenue Subtotal | $60,783,698 | RevenueSubtotalAmt |
| Investment Expenses Not Incld | $3,337 | InvestmentExpensesNotIncldAmt |
| Other Revenues Not Included | $17,515,807 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | $17,519,144 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $78,302,842 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $36,496,060 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Subtotal | $36,496,060 | ExpensesSubtotalAmt |
| Investment Expenses Not Incld2 | $3,337 | InvestmentExpensesNotIncld2Amt |
| Other Expenses Not Included | $17,515,807 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $17,519,144 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $54,015,204 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Part V, Line 4: Intended uses of the endowment fund. | ENDOWMENT FUNDS ARE RESTRICTED FOR INVESTMENT IN PERPETUITY, THE INCOME FROM WHICH IS EXPENDABLE TO SUPPORT SCHOLARSHIPS AND FELLOWSHIPS ($13,768,220), LIBRARY ACQUISITIONS ($223,258) AND GENERAL ACTIVITY OF THE COLLEGE ($544,475).DUE TO OPERATING CASH NEEDS, THE COLLEGE HAS PERIODICALLY BORROWED DONOR-RESTRICTED ENDOWMENT FUNDS. THE CUMULATIVE AMOUNT BORROWED AND OUTSTANDING AS OF JUNE 30, 2021 IS $10,795,320. DURING THE YEAR ENDED JUNE 30, 2021, THE COLLEGE HAD ADDITIONAL BORROWINGS AND ACCURED INTEREST OF $2,503,556 AND MADE REPAYMENTS AND DRAWS FOR SCHOLARSHIPS OF $1,000,936. |
| Part XI, Line 4b: Other revenue amounts included on 990 but not included in F/S | GRANTS & ALLOCATIONS $17515807 |
| Part XII, Line 4b: Other revenue amounts included on 990 but not included in F/S | GRANTS & ALLOCATIONS $17515807 |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | Yes (true) | NondiscriminatoryPolicyStmtInd |
| Policy Stmt In Brochures Etc | Yes (true) | PolicyStmtInBrochuresEtcInd |
| Plcy Pblczd Via Broadcast Media | Yes (true) | PlcyPblczdViaBroadcastMediaInd |
| Maintain Racial Comp Recs | Yes (true) | MaintainRacialCompRecsInd |
| Maintain Scholarships Recs | Yes (true) | MaintainScholarshipsRecsInd |
| Maintain Cpy Of Brochures Etc | Yes (true) | MaintainCpyOfBrochuresEtcInd |
| Maintain Cpy Of All Sol | Yes (true) | MaintainCpyOfAllSolInd |
| Discriminate Race Stdnts Rghts | false | DiscriminateRaceStdntsRghtsInd |
| Discriminate Race Admiss Plcy | false | DiscriminateRaceAdmissPlcyInd |
| Discriminate Race Emplm Fculty | false | DiscriminateRaceEmplmFcultyInd |
| Discriminate Race Schs | false | DiscriminateRaceSchsInd |
| Discriminate Race Educ Plcy | false | DiscriminateRaceEducPlcyInd |
| Discriminate Race Use Of Fclts | false | DiscriminateRaceUseOfFcltsInd |
| Discriminate Race Athlt Prog | false | DiscriminateRaceAthltProgInd |
| Discriminate Race Other Acty | false | DiscriminateRaceOtherActyInd |
| Government Financial Aid Rcvd | Yes (true) | GovernmentFinancialAidRcvdInd |
| Government Financial Aid Rvkd | false | GovernmentFinancialAidRvkdInd |
| Compliance With Rev Proc7550 | Yes (true) | ComplianceWithRevProc7550Ind |
Supplemental Information Detail SupplementalInformationDetail (4 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Schedule E, Line 3 - Racially Nondiscriminatory Policy Publicized | NYACK COLLEGE MAKES ITS RACIALLY NON-DISCRIMINATORY POLICY KNOWN THROUGH ALL FORMS OF MEDIA EMPLOYED TO SOLICIT STUDENTS AND SERVE ITS GENERAL CONSTITUENCY. |
| Schedule E, Line 4 - Explanation of Records and Materials Not Maintained | |
| Schedule E, Line 5 - Explanation of Organization Discrimination by Race | |
| Schedule E, Line 6 - Explanation of Aid or Assistance from Governmental Agency | THE COLLEGE RECEIVED GOVERNMENT GRANTS TOTALING $9,320,086. |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (true) | GrantRecordsMaintainedInd |
| Total501c3 Org | 0 | Total501c3OrgCnt |
| Total Other Org | 0 | TotalOtherOrgCnt |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Type | SCHOLARSHIPS | GrantTypeTxt |
| Recipient | 1181 | RecipientCnt |
| Cash Grant | $17,515,807 | CashGrantAmt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Grantmaker's Description of How Grants are Used | FormAndLineReferenceDesc |
| Explanation | NYACK COLLEGE GRANTS FUNDS TO STUDENTS IN THE FORM OF SCHOLARSHIPS, STUDENT LOANS, AS WELL AS OTHER FINANCIAL AID. FINANCIAL AID IS GRANTED TO SDTUDENTS BASED ON ELIGIBILITY GUIDELINES AS DEFINED BY THE FEDERAL DEPARTMENT OF EDUCATION, THE STATE OF NEW YORK AND NYACK COLLEGE'S SCHOLARSHIP AND GRANT PROGRAMS. NYACK COLLEGE GRANTS FUNDS TO STUDENTS IN THE FORM OF INSTITUTIONAL AID BASED ON MERIT, NEED, AND OTHER SPECIFIC CRITERIA AS OUTLINED IN NYACK'S SCHOLARSHIP AND GRANT PROGRAM. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Housing Allowance Or Residence | Yes (X) | HousingAllowanceOrResidenceInd |
| Written Policy Ref T And E Expnss | Yes (true) | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | Yes (true) | SubstantiationRequiredInd |
| Form990 Of Other Organizations | Yes (X) | Form990OfOtherOrganizationsInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | false | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | false | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | false | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | false | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | false | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | false | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | false | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | false | AnyNonFixedPaymentsInd |
| Initial Contract Exception | false | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (4 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt |
|---|---|---|---|---|---|---|
| DAVID C JENNINGS | ||||||
| EXEC VP/TREAS. | $138,000 | $100,353 | $238,353 | |||
| DAVID F TURK | ||||||
| PROVOST & VP | $154,334 | $26,299 | $180,633 | |||
| DR MICHAEL G SCALES - 63021 | ||||||
| President | $206,293 | $80,090 | $286,383 | |||
| KENNETH E BALDES | ||||||
| Trustee | $138,407 | $22,358 | $160,765 | |||
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Part I, Line 1a: Relevant information in regards to selections on 1a. | FormAndLineReferenceDesc |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (5 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Form 990, Part VI, Line 11b: Form 990 Review Process | THE BOARD OF TRUSTEES RECEIVE KEY REPORTS THROUGH A WEB BASED DOCUMENT ROOM. FORM 990 IS DISTRIBUTED TO THE AUDIT REVIEW COMMITTEE PRIOR TO ITS FILING AND THE BOARD IS NOTIFIED THAT THE FORM 990 HAS BEEN ADDED TO THE WEB BASED DOCUMENT ROOM FOR THEIR REVIEW. |
| Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts | ON AN ANNUAL BASIS, THE BOARD OF TRUSTEES AND OFFICERS FILL OUT A CONFLICT OF INTEREST QUESTIONNAIRE. THE QUESTIONNAIRES ARE REVIEWED AS PART OF THE ANNUAL AUDIT PROCESS. |
| Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management | THE DIRECTOR OF HUMAN RESOURCES COMPILES COMPARATIVE DATA ON OFFICER'S SALARIES AS WELL AS HISTORICAL SALARY LEVELS AND INCREASES. THIS DATA IS GIVEN TO THE PRESIDENT AND CHAIRMAN OF THE BOARD OF TRUSTEES. THE CHAIRMAN OF THE BOARD OF TRUSTEES APPROVES ALL SALARY RECOMMENDATIONS FOR OFFICERS REPORTING TO THE PRESIDENT. THE CHAIRMAN OF THE BOARD OF TRUSTEES CHAIRS THE PERSONNEL COMMITTEE OF THE BOARD OF TRUSTEES WHICH REVIEWS AND MAKES SALARY AND COMPENSATION DECISIONS FOR THE PRESIDENT ANNUALLY. IN ADDITION, THE FULL BOARD INFORMALLY REVIEWS THE PRESIDENT SEMI-ANNUALLY IN EXECUTIVE SESSION AND DOES A FORMAL WRITTEN EVALUATION EVERY THREE YEARS AS PART OF THE PRESIDENT'S CONTRACT RENEWAL. |
| Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees | THE COMPENSATION FOR THE OTHER OFFICERS AND KEY EMPLOYEES ARE SUBJECT TO REVIEW AND APPROVAL PROCESS BY THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES. |
| Form 990, Part VI, Line 19: Other Organization Documents Publicly Available | THE COLLEGE MAKES ITS GOVNERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST. |
Schedule R IRS990ScheduleR
Id Disregarded Entities IdDisregardedEntitiesGrp
Disregarded Entity Name DisregardedEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NYACK 2 WASHINGTON LLC | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2 WASHINGTON STREET | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10004 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 364830905 | EIN |
| Primary Activities | SEE SCHEDULE R, PART VII SUPPLEMENTAL INFORMATION | PrimaryActivitiesTxt |
| Legal Domicile State | DE | LegalDomicileStateCd |
| End Of Year Assets | $54,928,353 | EndOfYearAssetsAmt |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NYACK COLLEGE | BusinessNameLine1Txt |
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Exempt Code SectionExemptCodeSectionTxt | Public Charity StatusPublicCharityStatusTxt | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt | Controlled OrganizationControlledOrganizationInd |
|---|---|---|---|---|---|---|---|---|---|---|
| CHRISTIAN & MISSIONARY ALLIANCE | ||||||||||
| 8595 EXPLORER DRIVE | COLORADO SPRINGS | CO | 80920 | 131623940 | MINISTRY | CO | 501(c)(3) | 1 | NA | false |
| ORCHARD ALLIANCE | ||||||||||
| 8595 EXPLORER DRIVE | COLORADO SPRINGS | CO | 80920 | 841466105 | MINISTRY | CO | 501(c)(3) | 1 | NA | false |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | false | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | false | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | Yes (true) | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | false | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | Yes (true) | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | Yes (true) | DivRelatedOrganizationInd |
| Asset Sale To Other Org | false | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | false | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | false | AssetExchangeInd |
| Rental Of Facilities To Oth Org | false | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | false | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | false | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | false | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | false | SharingOfFacilitiesInd |
| Paid Employees Sharing | false | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | false | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | false | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | false | TransferToOtherOrgInd |
| Transfer From Other Org | false | TransferFromOtherOrgInd |
Transactions Related Org TransactionsRelatedOrgGrp (3 entries)
| Transaction TypeTransactionTypeTxt | InvolvedInvolvedAmt | Method Of Amount DeterminationMethodOfAmountDeterminationTxt |
|---|---|---|
| CHRISTIAN & MISSIONARY ALLIANCE | ||
| c | $737,499 | CASH RECEIVED |
| ORCHARD ALLIANCE | ||
| e | $178,220 | BALANCE OF LOAN |
| ORCHARD ALLIANCE | ||
| f | $145,562 | CASH RECEIVED |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, (b), PRIMARY ACTIVITY OF DISREGARDED ENTITIES | FormAndLineReferenceDesc |
| Explanation | NYACK 2 WASHINGTON LLC IS NOT FORMED FOR PECUNIARY PROFIT OR FINANCIAL GAIN. THE COMPANY IS IRREVOCABLY DEDICATED TO AND OPERATED EXCLUSIVELY FOR NON-PROFIT PURPOSES. THE PURPOSES FOR WHICH THE COMPANY IS FORMED IS EXCLUSIVELY FOR EDUCATIONAL PURPOSES WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED, OR ANY SUCCESSOR THERETO, AS SUCH MAY BE AMENDED FROM TIME TO TIME.SO LONG AS THE COMPANY HAS ANY OBLIGATION UNDER A CERTAIN LOAN AGREEMENT FOR WHICH THE ENTITY WAS CREATED, THE SOLE PURPOSE TO BE CONDUCTED OR PROMOTED BY THE COMPANY IS TO ENGAGE IN THE FOLLOWING ACTIVITIES:I. TO THE EXTENT PERMITTED BY THE LOAN DOCUMENTS, OWN, HOLD, SELL, ASSIGN, TRANSFER, RENOVATE, DEVELOP, OPERATE, LEASE, FINANCE, REFINANCE, PLEDGE, EXCHANGE, AND OTHERWISE DEAL WITH THE PROPERTY LOCATED AT 2 WASHINGTON ST IN NEW YORK CITY;II. TO ENTER INTO AND PERFORM ITS OBLIGATIONS UNDER THE LOAN AGREEMENT;III. TO ENGAGE IN ANY LAWFUL ACT OR ACTIVITY AND TO EXERCISE ANY POWERS PERMITTED TO LIMITED LIABILITY COMPANIES ORGANIZED UNDER THE LAWS OF THE STATE OF DELAWARE THAT ARE RELATED OR INCIDENTAL TO AND NECESSARY, CONVENIENT OR ADVISABLE FOR THE ACCOMPLISHMENT OF THE ABOVE-MENTIONED PURPOSES, PROVIDED, HOWEVER, ALL OF THE SAME IS UNDERTAKEN FOR TAX-EXEMPT EDUCATIONAL PURPOSES ONLY AND IS CONSISTENT WITH THE COMPANY'S NOT-FOR-PROFIT PURPOSES. | ExplanationTxt |