2021-05-05T16:15:35-05:00 2020-06-30 KPMG LLP 345 Park Avenue New York NY 101540102 990 2019-07-01 131628206 MARYMOUNT MANHATTAN COLLEGE % MAISHA WILLIAMS MARY 2125170400 221 EAST 71ST STREET NEW YORK NY 100214597 MAISHA WILLIAMS VP Fin & Admin/cfo 2125170544 2021-05-04 true CHRISTINA ROSSETTI P01491094 2127589700 2021-04-28 2019 2022-09-23 18:48:47Z DR KERRY WALK 221 EAST 71ST STREET NEW YORK NY 100214597 120891990 false X http://www.mmm.edu X 1961 NY MARYMOUNT MANHATTAN COLLEGE'S MISSION IS TO EDUCATE SOCIALLY AND ECONOMICALLY DIVERSE POPULATION BY FOSTERING INTELLECTUAL ACHIEVEMENT, PERSONAL GROWTH, AND CAREER DEVELOPMENT. 20 20 1361 22 0 0 3577215 18326251 80999976 72631864 1238633 11517023 486533 154078 86302357 102629216 22058170 22092001 0 0 35451098 36597605 0 0 1523962 27216704 25673653 84725972 84363259 1576385 18265957 111867573 133739534 40484845 45887993 71382728 87851541 X MARYMOUNT MANHATTAN COLLEGE IS AN URBAN, INDEPENDENT, LIBERAL ARTS COLLEGE (SEE SCHEDULE O). false false 62594913 22092001 63158942 INSTITUTIONAL PROGRAM ACTIVITIES: OFFERING ASSISTANCE TO STUDENTS IN NEED IS ESSENTIAL TO ACHIEVE THE COLLEGE'S GOAL TO SERVE A SOCIALLY AND ECONOMICALLY DIVERSE STUDENT BODY. MMC CURRENTLY EDUCATES OVER 1,900 FULL AND PART-TIME STUDENTS REPRESENTING 47 STATES AND 31 COUNTRIES. APPROXIMATELY 35.5% OF OUR STUDENTS ARE MINORITIES, AND 9.2% ARE DEGREE-SEEKING RETURNING ADULTS. MMC STUDENTS CAN PURSUE DEGREES IN 35 MAJOR PROGRAMS OF STUDY, CHOOSE FROM AMONG 41 MINORS AND PRE-PROFESSIONAL PROGRAMS, HOLD INTERNSHIPS AT RENOWNED NEW YORK CITY COMPANIES, ENGAGE IN SOPHISTICATED RESEARCH PROJECTS, STUDY ABROAD, AND PARTICIPATE IN SERVICE-LEARNING OPPORTUNITIES. SEE SCHEDULE O. 10149894 9271839 AUXILIARY SERVICES: APPROXIMATELY 646 STUDENTS MAKE THEIR HOME AT MMC. THE 55TH STREET RESIDENCE IS OWNED BY THE COLLEGE AND IS THE FIRST-YEAR RESIDENCE HALL. CONTINUING STUDENTS LIVE AT THE COOPER SQUARE RESIDENCE HALL. EACH HALL IS LOCATED WITHIN A 30 MINUTE COMMUTE OF THE COLLEGE AND STAFFED WITH 24-HOUR SECURITY. RESIDENCE DIRECTORS AND RESIDENT ADVISORS STRIVE TO CREATE A SENSE OF COMMUNITY BY PROVIDING EDUCATIONAL AND SOCIAL PROGRAMS. WITH THE OUTBREAK OF THE PANDEMIC DURING THE SPRING SEMESTER, THE COLLEGE SHIFTED TO A VIRTUAL LEARNING ENVIRONMENT TO HELP MITIGATE THE SPREAD OF THE VIRUS AND SHUTTERED ITS DORMITORIES. SEE SCHEDULE O. 652602 201083 ACADEMIC ACCESS: THE PROGRAM FOR ACADEMIC ACCESS ADDRESSES MANY FUNDAMENTAL PRINCIPLES OF MARYMOUNT MANHATTAN'S MISSION. IT IS A PROGRAM FOR STUDENTS WITH LEARNING DISABILITIES THAT IS SPECIFICALLY DESIGNED TO FOSTER ACADEMIC SUCCESS. THROUGH ACCOMMODATIONS AND MULTIFACETED SUPPORT, STUDENTS WITH LEARNING DIFFICULTIES ARE ABLE TO MANAGE THE MARYMOUNT MANHATTAN CURRICULUM ALONG WITH THEIR PEERS AND CLASSMATES. SEE SCHEDULE O. 73397409 true true false false false false false false false true true false false false true true true false true false true false true false false false false false true true true false false false false false false false false false true false false false false false true true true false false true 78 0 true 1361 true false false false false false false false false false false false false X 20 20 false false false false false false false true true false false false true true true true true true true false NJ X X MAISHA WILLIAMS 2125170531 221 EAST 71ST STREET NEW YORK NY 100214597 X Kerry Walk President 35.0 0.0 X 401311 0 106351 Todd E Heilman VP for Student Success & Engmt 35.0 0.0 X 204122 0 92452 SHARON MEAGHER VP ACADEMIC AFFAIRS (end 6/20) 35.0 0.0 X 249047 0 12063 Carol Jackson VP Student Affairs (END 6/20) 35.0 0.0 X 227193 0 29551 Dale H Hochstein Chief Information Officer 35.0 0.0 X 212994 0 19009 Wayne Santucci INTERIM CFO 35.0 0.0 X 178658 0 41822 Bree A Bullingham AVP of Human Resources 35.0 0.0 X 145424 0 72294 Kathleen A Lebesco AVP for Strategic Initiatives 35.0 0.0 X 171138 0 42854 Maria L Deinnocentiis AVP for Enrollment Mgmnt 35.0 0.0 X 163178 0 38439 Paul L Ciraulo EVP Admin & Finance (end 6/19) 35.0 0.0 X 166623 0 27766 Richard Sheldon AVP for Academic Admin. 35.0 0.0 X 157583 0 36409 Linda Solomon Professor 35.0 0.0 X 145618 0 23830 Michael G Salmon AVP and Dean of Center 35.0 0.0 X 135880 0 14887 Peter F Naccarato VP AA & Dean Fclty(start 1/20) 35.0 0.0 X 63456 0 25452 Graham A Ciraulo VP INST ADVANCE (START 9/19) 35.0 0.0 X 57808 0 12100 Patricia A Agnello Trustee 1.0 0.0 X 0 0 0 Linda Basilice-Hoerrner Trustee 1.0 0.0 X 0 0 0 Carol Berman Trustee 1.0 0.0 X 0 0 0 Valerie Brown Trustee 1.0 0.0 X 0 0 0 Helen Demetrios Trustee 1.0 0.0 X 0 0 0 ABBY C FIORELLA Trustee 1.0 0.0 X 0 0 0 Susan Gardella Trustee 1.0 0.0 X 0 0 0 Maureen G Grant Trustee 1.0 0.0 X 0 0 0 Lisa Tachick Hooper Trustee 1.0 0.0 X 0 0 0 John H Hunt Trustee 1.0 0.0 X 0 0 0 HOPE KNIGHT TRUSTEE (non-voting) 1.0 0.0 X 0 0 0 Barbara Lynch Loughlin Trustee 1.0 0.0 X 0 0 0 Paul C Lowerre Trustee 1.0 0.0 X 0 0 0 Michael J Materasso Trustee 1.0 0.0 X 0 0 0 Catherine M Patten Trustee 1.0 0.0 X 0 0 0 Judith L Robinson TRUSTEE 1.0 0.0 X 0 0 0 MICHAEL G STEWART TRUSTEE 1.0 0.0 X 0 0 0 Trish Shortell TRUSTEE 1.0 0.0 X 0 0 0 Cecilia Tudela-Montero TRUSTEE 1.0 0.0 X 0 0 0 EDWARD VAN SAdERS TRUSTEE 1.0 0.0 X 0 0 0 Catherine Vincie TRUSTEE 1.0 0.0 X 0 0 0 Lucille Zanghi TRUSTEE (non-voting) 1.0 0.0 X 0 0 0 Maisha Williams VP FIN & ADMIN CFO(START 2/20) 35.0 0.0 X 0 0 0 2680033 0 595279 52 true true false Compass Group North America 2400 Yorkmont Road CHARLOTTE NC 28217 FOOD SERVICES 1802395 Winfield Security Corporation 57 West 38th Street Room 501 NEW YORK NY 10018 SECURITY SERVICES 1369730 Highline Building Services 242 West 30th Street Suite 1101 NEW YORK NY 10001 CLEANING SERVICES 469251 3 Enrollment Marketing 352 Main Street 333 ONEONTA NY 13280 MARKETING SERVICES 431199 CHAMPION ELEVATOR CORP 1450 Broadway 5th Floor NEW YORK NY 10018 MAINTENANCE 428596 15 668880 17657371 7803 18326251 TUITION AND FEES 611310 63158942 63158942 RESIDENCE HOUSING 721300 7760218 7760218 FOOD SERVICES 722514 1511621 1511621 ACADEMIC PROGRAMS 611310 201083 201083 72631864 946547 946547 0 0 350187 361623 -11436 0 -11436 -11436 18846310 9570000 17845834 1000476 9570000 10570476 10570476 0 0 0 0 0 0 114467 55317 59150 59150 MISCELLANEOUS OFFSITE FOOD SERVICE 722310 95496 95496 OTHER 900099 10868 10868 106364 102629216 72631864 11671101 0 21854580 21854580 237421 237421 0 2153713 2048347 89010 16356 0 25714762 19358410 5391839 964513 2096351 1609429 413009 73913 4520441 3488632 875184 156625 2112338 1621703 416158 74477 3846598 3159865 676102 10631 161888 161888 215960 215960 0 0 148884 148884 0 1169444 1125567 43877 1206727 948585 218957 39185 1508914 1171523 286176 51215 0 2026463 1927322 83751 15390 230732 215045 15687 0 448410 372880 43897 31633 1592607 1514692 65820 12095 0 4013968 3817593 165891 30484 1354147 1354147 HOUSING RENTAL 4951545 4792545 159000 FOOD SERVICE OPERATIONS 1988249 1988249 BAD DEBT RESERVE 644328 644328 DUES & MEMBERSHIP 158682 140439 14675 3568 6107 6107 84363259 73397409 9441888 1523962 6605387 10130381 3076992 7728064 430113 14965172 1081808 771305 0 0 0 0 0 0 0 0 406364 526340 132663258 70483668 62850517 62179590 36989102 37054095 0 0 0 0 0 0 427290 384587 111867573 133739534 4349648 6708794 0 0 2471190 1496787 32211097 29727624 0 0 0 0 0 0 0 0 1452910 7954788 40484845 45887993 X 44939215 46506527 26443513 41345014 71382728 87851541 111867573 133739534 18265957 -1797144 X false true X true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 21266020 955719 -249592 829028 21143119 20940314 490595 642951 807840 21266020 19814642 409802 1469569 753699 20940314 18070483 206746 2238758 701345 19814642 18723910 127711 -139386 641751 18070484 0.00000 0.73520 0.26480 false false 0 18094588 18094588 91396904 51346628 40050276 92884 38702 54182 19421492 16697091 2724401 3657390 2401247 1256143 62179590 0 INTEREST PAYABLE 784906 ASSET RETIREMENT OBLIGATION 614289 NOTES PAYABLE - PPP ADVANCE 6555593 7954788 X 79008127 -1797144 416940 -1380204 80388331 148884 22092001 22240885 102629216 62539314 416940 416940 62122374 148884 22092001 22240885 84363259 FORM 990, SCHEDULE D, PART V, LINE 4 INTENDED USES OF ENDOWMENT FUNDS MOST ENDOWMENT FUNDS ARE USED FOR SCHOLARSHIPS. SOME FUNDS ARE USED TO FUND SCIENCE AND LIBRARY DEPARTMENTS. form 990, schedule d, part x, line 2 THE COLLEGE ACCOUNTS FOR UNCERTAINTIES IN INCOME TAXES RECOGNIZED IN ITS FINANCIAL STATEMENTS USING A THRESHOLD OF MORE LIKELY THAN NOT OF BEING SUSTAINED. INCOME GENERATED FROM ACTIVITIES UNRELATED TO THE COLLEGE'S EXEMPT PURPOSE IS SUBJECT TO TAX. THE COLLEGE DID NOT HAVE ANY MATERIAL UNRELATED BUSINESS INCOME TAX LIABILITY AT JUNE 30, 2020 AND 2019. Form 990, Schedule D, Part XI, Line 2D RENT EXPENSE $ 361,623 COST OF GOODS SOLD $ 55,317 ----------------- --------- TOTAL $ 416,940 Form 990, Schedule D, Part XI, Line 4B RECLASS OF STUDENT AID $ 22,092,001 Form 990, Schedule D, Part XII, Line 2D RENT EXPENSE $ 361,623 COST OF GOODS SOLD $ 55,317 ----------------- --------- TOTAL $ 416,940 FORM 990, SCHEDULE D, PART XII, LINE 4B RECLASS OF STUDENT AID $ 22,092,001 true true true true true true true false false false false false false false false true false true SCHEDULE E, LINE 3 THE COLLEGE PUBLICIZES OUR NON-DISCRIMINATION POLICY ON THE COLLEGE'S WEBSITE AND ON ALL PUBLISHED MATERIALS SENT TO PROSPECTIVE, ADMITTED AND ENROLLED STUDENTS. SCHEDULE E, Line 6(A) FEDERAL WORK-STUDY PROGRAM $212,106 FEDERAL CARES ACT PROGRAM $696,160 ---------- TOTAL FEDERAL GRANTS $908,176 NEW YORK STATE LIBRARY GRANT $6,123 NEW YORK STATE HEOP (HIGHER EDUATION OPPORTUNITY PROGRAM) GRANT $367,500 NEW YORK STATE BUNDY GRANT $81,151 ----------- TOTAL NEW YORK STATE GRANTS $456,774 true Central America and the Caribbean 0 0 Grantmaking 24500 East Asia and the Pacific Grantmaking 51921 Europe Including Iceland and Greenland Grantmaking 9000 Middle East and North Africa Grantmaking 21000 North America Grantmaking 36000 Russia and Neighboring States Grantmaking 3000 South America Grantmaking 45000 South Asia Grantmaking 17000 Sub-Saharan Africa Grantmaking 30000 0 0 0 0 237421 237421 SCHOLARSHIP Central America and the Caribbean 4 24500 CREDITED SCHOLARSHIP East Asia and the Pacific 6 51921 CREDITED SCHOLARSHIP Europe Including Iceland and Greenland 1 9000 CREDITED SCHOLARSHIP Middle East and North Africa 2 21000 CREDITED SCHOLARSHIP North America 4 36000 CREDITED SCHOLARSHIP Russia and Neighboring States 1 3000 CREDITED SCHOLARSHIP South America 6 45000 CREDITED SCHOLARSHIP South Asia 2 17000 CREDITED SCHOLARSHIP Sub-Saharan Africa 4 30000 CREDITED false false false false false true FORM 990, SCHEDULE F, PART I, LINE 2 MONITORING THE USE OF GRANT FUNDS THE COLLEGE HAS DEVELOPED AN INSTITUTIONAL AWARDING PHILOSOPHY TO ENSURE CONSISTENT, EQUITABLE, AND FAIR DISTRIBUTION OF FINANCIAL AID FUNDS. PACKAGING PARAMETERS ARE PERIODICALLY REVIEWED WITH THE HELP OF AN OUTSIDE CONSULTANT, TO EVALUATE THE MMC GRANTS AND SCHOLARSHIP PROGRAMS OFFERED TO ALL STUDENT POPULATIONS AT MMC. THE COLLEGE OFFERS FOREIGN STUDENTS LIMITED FUNDS. ALL STUDENTS ARE MONITORED BY A REVIEW OF THEIR ACADEMIC PROGRESS EACH SEMESTER. THIS REVIEW INCLUDES AN EXAMINATION OF EACH STUDENT'S QUALITATIVE (GPA) AND QUANTITATIVE (CREDITS COMPLETED) STANDARDS. FAILURE TO MEET ONE OR BOTH STANDARDS WILL RESULT IN THE STUDENT'S INSTITUTIONAL AID BEING PLACED IN A WARNING STATUS. CONTINUED FAILURE TO MEET STANDARDS WILL RESULT IN A LOSS OF ELIGIBILITY AND A SUSPENSION OF AID. FORM 990, Schedule F, Part I, Line 3, Column (F) THE COLLEGE USES THE ACCRUAL METHOD OF ACCOUNTING TO ACCOUNT FOR EXPENDITURES. true scholarship 1935 21854580 Form 990, schedule i, part 1, line 2 MONITORING THE USE OF GRANT FUNDS The College has a fair, equitable and consistent awarding policy that meets federal, state and institutional requirements. Students are offered a combination of federal, state and institutional aid. Packaging parameters are periodically reviewed with the help of an outside consultant to evaluate the MMC grants and scholarship programs offered to all student populations at MMC. Students are monitored each semester to ensure they meet the requirements attached to the aid they are receiving. The review includes both enrollment and academic progress components. MMC students must maintain their gpa and complete their credits as described in the College Catalogue under academic satisfactory academic progress standards. Additionally each grant received has unique standards (see college catalogue) which must be maintained for continued awarding. A review is conducted each semester by the financial aid staff under the direct supervision of the Director of Financial Aid. X X X false true false false false false false false false Kerry Walk President 398989 0 0 0 2322 0 82023 0 24328 0 507662 0 0 0 Todd E Heilman VP for Student Success & Engmt 203037 0 0 0 1085 0 23301 0 69151 0 296574 0 0 0 Wayne Santucci INTERIM CFO 173664 0 0 0 4994 0 19941 0 21881 0 220480 0 0 0 Kathleen A Lebesco AVP for Strategic Initiatives 170595 0 0 0 543 0 18521 0 24333 0 213992 0 0 0 Dale H Hochstein Chief Information Officer 207328 0 0 0 5666 0 0 0 19009 0 232003 0 0 0 Michael G Salmon AVP and Dean of Center 134396 0 0 0 1484 0 13955 0 932 0 150767 0 0 0 Linda Solomon Professor 145123 0 0 0 495 0 15512 0 8318 0 169448 0 0 0 Maria L Deinnocentiis AVP for Enrollment Mgmnt 158982 0 0 0 4196 0 17004 0 21435 0 201617 0 0 0 Bree A Bullingham AVP of Human Resources 144929 0 0 0 495 0 17191 0 55103 0 217718 0 0 0 Richard Sheldon AVP for Academic Admin. 155878 0 0 0 1705 0 16432 0 19977 0 193992 0 0 0 Paul L Ciraulo EVP Admin & Finance (end 6/19) 162930 0 0 0 3693 0 17500 0 10266 0 194389 0 0 0 Carol Jackson VP Student Affairs (END 6/20) 223928 0 0 0 3265 0 23720 0 5831 0 256744 0 0 0 SHARON MEAGHER VP ACADEMIC AFFAIRS (end 6/20) 246725 0 0 0 2322 0 0 0 12063 0 261110 0 0 0 Schedule J, Part I, Line 4b IN CALENDAR YEAR 2019, KERRY WALK PARTICIPATED IN THE 457(F) PLAN. AN EMPLOYER CONTRIBUTION OF $41,500 WAS MADE TO THE PLAN. THIS IS REPORTED IN SCH J, PART II, COLUMN (C). A Dormitory Authority of the State of New York 146000293 649905WR3 2009-12-22 49013498 Refunding DASNY Series 1999 Bonds false false false A 18423498 0 49013498 4360562 0 0 831194 0 0 0 43281742 0 2001 true false true true A 0 A false false true false false false 0 false 0 false true A true SCHEDULE K, PART II, line 11 $495,462 WAS SPENT ON ISSUE FEES, TITLE INSURANCE, AND STATE INSURANCE FEES. $43,326,280 WAS USED TO REFUND A BOND DATED DECEMBER, 1999. Schedule K, Part IV, Line 2B The 2009 bonds were current refunding bonds and the money was spent within two months to pay off the old bonds and pay costs of issuance. The College therefore qualifies for the 6-month exception to rebate requirement. 0 Substantial Contributor 44 SUBSTANTIAL CONTRIBUTOR 3905962 RENT PAYMENTS false Substantial Contributor 28 SUBSTANTIAL CONTRIBUTOR 1802395 FOOD SERVICE VENDOR true FORM 990, PART III, LINE 1 - ORGANIZATION'S MISSION MARYMOUNT MANHATTAN COLLEGE (MMC) IS AN URBAN, INDEPENDENT, LIBERAL ARTS COLLEGE. THE MISSION OF THE COLLEGE IS TO EDUCATE A SOCIALLY AND ECONOMICALLY DIVERSE STUDENT BODY BY FOSTERING INTELLECTUAL ACHIEVEMENT AND PERSONAL GROWTH AND BY PROVIDING OPPORTUNITIES FOR CAREER DEVELOPMENT. INHERENT IN THIS MISSION IS THE INTENT TO DEVELOP AN AWARENESS OF SOCIAL, POLITICAL, CULTURAL, AND ETHICAL ISSUES IN THE BELIEF THAT THIS AWARENESS WILL LEAD TO CONCERN FOR, PARTICIPATION IN, AND IMPROVEMENT OF SOCIETY. TO ACCOMPLISH THIS MISSION, THE COLLEGE OFFERS A STRONG PROGRAM IN THE ARTS AND SCIENCES FOR STUDENTS OF ALL AGES, AS WELL AS SUBSTANTIAL PRE-PROFESSIONAL PREPARATION. CENTRAL TO THESE EFFORTS IS THE PARTICULAR ATTENTION GIVEN TO THE INDIVIDUAL STUDENT. MARYMOUNT MANHATTAN COLLEGE SEEKS TO BE A RESOURCE AND LEARNING CENTER FOR THE METROPOLITAN COMMUNITY. MARYMOUNT MANHATTAN COLLEGE WAS FOUNDED IN 1936 BY THE RELIGIOUS OF THE SACRED HEART OF MARY (RSHM) AS AN URBAN EXTENSION OF MARYMOUNT COLLEGE IN TARRYTOWN, NEW YORK. THE COLLEGE BECAME INDEPENDENT IN 1961 AND COEDUCATIONAL AND NONSECTARIAN IN 1971, AND CURRENTLY ENROLLS OVER 1,900 FULL AND PART-TIME STUDENTS. FORM 990, PART III, LINE 4A - PROGRAM SERVICE MARYMOUNT MANHATTAN COLLEGE WAS FOUNDED IN 1936 BY THE RELIGIOUS OF THE SACRED HEART OF MARY AS A TWO-YEAR WOMEN'S COLLEGE AND AT THE TIME WAS A NEW YORK CITY EXTENSION OF MARYMOUNT COLLEGE IN TARRYTOWN, NEW YORK. IN 1948, THE COLLEGE MOVED TO ITS PRESENT LOCATION ON EAST 71ST STREET IN NEW YORK CITY AND BECAME A FOUR-YEAR BACHELOR'S DEGREE-GRANTING INSTITUTION; THE FIRST CLASS GRADUATED FROM THE COLLEGE IN 1950. IN 1961, THE REGENTS OF THE UNIVERSITY OF THE STATE OF NEW YORK GRANTED MARYMOUNT MANHATTAN AN ABSOLUTE CHARTER AS AN INDEPENDENT FOUR-YEAR COLLEGE. MARYMOUNT MANHATTAN HAS BEEN AN ACCREDITED MEMBER OF THE MIDDLE STATES COMMISSION ON HIGHER EDUCATION SINCE THAT TIME. FAITHFUL TO THE VISION OF ITS FOUNDERS, MARYMOUNT MANHATTAN IS THRIVING AS A NONSECTARIAN, COEDUCATIONAL, INDEPENDENT COLLEGE OF THE LIBERAL ARTS, ATTRACTING AND SERVING A DIVERSE COMMUNITY OF STUDENTS, FACULTY, AND STAFF. AS THE COLLEGE MOVES FORWARD WITH ITS FOUR-YEAR 2017-2021 STRATEGIC PLAN, "CONTEMPORARY AND COMPELLING: ENVISIONING MMC'S FUTURE," WHICH PRIORITIZES THE ENHANCEMENT OF OUR TEACHING AND LEARNING ENVIRONMENT, SUPPORT FOR STUDENT SUCCESS AND A STRONG FACULTY AND STAFF, THE MAINTENANCE OF FISCAL HEALTH, AND INCREASED VISIBILITY FOR A SINGULAR MMC EXPERIENCE, WE REMAIN COMMITTED TO SERVING A SOCIALLY AND ECONOMICALLY DIVERSE POPULATION. IN ADDITION TO KEEPING TUITION AFFORDABLE, THE ABILITY TO OFFER ASSISTANCE TO STUDENTS IN NEED IS ESSENTIAL TO ACHIEVE THIS GOAL. FORM 990, PART III, LINE 4B - AUXILIARY SERVICES THE 55TH STREET RESIDENCE HAS SUITE-STYLE ARRANGEMENTS JUST 16 BLOCKS FROM THE COLLEGE. EACH SUITE CONSISTS OF TWO BEDROOMS FURNISHED WITH LOFT BEDS, DRESSERS, DESKS, A KITCHEN AND BATHROOM, PLUS CABLE, AND WI-FI ACCESS. THE BUILDING IS STAFFED WITH 24-HOUR SECURITY AND FEATURES OTHER AMENITIES SUCH AS A LAUNDRY ROOM, CONVENIENCE STORE, LOUNGE SPACE, GYM, AND A BALCONY. COOPER SQUARE IS A RESIDENCE HALL IN MANHATTAN'S EAST VILLAGE NEIGHBORHOOD ON EAST 6TH STREET AND COOPER SQUARE. STUDENTS LIVE IN DOUBLE OR TRIPLE ROOMS WITHIN A SUITE THAT HAS TWO OR THREE BEDROOMS, A KITCHENETTE, AND ONE OR TWO BATHROOMS. RA STAFF LIVE IN SINGLE ROOMS WITHIN A LARGER SUITE. ALL STUDENTS ARE PROVIDED WITH A BED, DESK, DRESSER, WARDROBE, CABLE ACCESS, AND WI-FI. COOPER SQUARE HAS 24 HOUR SECURITY AND A LOUNGE LEVEL (OPEN 24 HOURS), THAT CONTAINS A LOUNGE, A STUDY ROOM, A GYM, LAUNDRY FACILITIES, BIKE STORAGE, AND A MAILROOM. THERE IS AN OUTDOOR TERRACE ON THE 7TH FLOOR. MMC'S CONTRACTED FOOD SERVICE OPERATIONS ALLOWS DINING PROGRAMS TO BRING STUDENTS TOGETHER AND SERVE CUISINES THAT NOURISH AND INSPIRE. COLLEGE STORE: MMC'S GRIFFIN GEAR WAS CREATED IN 2009, AS A RESULT OF A STUDENT INITIATIVE TO CREATE MORE SCHOOL SPIRIT ON CAMPUS. THE GRIFFIN GEAR KIOSK IS LOCATED IN THE 3RD FLOOR COMMONS OF THE MAIN BUILDING. FORM 990, PART III, LINE 4C - ACADEMIC ACCESSS THE PROGRAM FOR ACADEMIC ACCESS ASSISTS LEARNING-DISABLED STUDENTS THROUGH TUTORING SERVICES, COUNSELING, ADVISEMENT, AND PRIORITY REGISTRATION. ONCE ACCEPTED INTO THE PROGRAM, STUDENTS' PSYCHO-EDUCATIONAL EVALUATIONS ARE CAREFULLY EXAMINED AND PERSONALIZED ASSISTANCE IS GIVEN TO EACH STUDENT IN PLANNING THEIR PROGRAM. IN ADDITION TO BASIC ACCOMODATIONS, THE PROGRAM PROVIDES TWO HOURS OF INDIVIDUAL TUTORING PER WEEK WITH PROFESSIONAL, MATH TUTORING AS NEEDED, ACADEMIC COACHING TO DEVELOP EXECUTIVE FUNCTIONING SKILLS FOR TIME MANAGEMENT AND ORGANIZATION OF WORK, NOTE TAKERS FOR APPLICABLE COURSES, EXTENDED TESTING TIMES, MONTHLY PARENT MEETINGS THROUGHOUT THE ACADEMIC YEAR, AND TECHNICAL SUPPORT, INCLUDING KURZWEIL 3000 SOFTWARE AVAILABLE IN THE SHANAHAN LIBRARY. TO ENSURE THAT MARYMOUNT MANHATTAN COLLEGE CAN FOSTER A NURTURING ENVIRONMENT WITH SPECIALIZED ATTENTION FOR EACH STUDENT. THE ACADEMIC ACCESS PROGRAM ADMITS A SMALL NUMBER OF STUDENTS EACH YEAR. FORM 990, PART VI, SECTION A, LINE 11B BOARD REVIEW OF FORM 990 THE FORM 990 IS PREPARED INTERNALLY BY THE STAFF OF THE COLLEGE. THE DRAFT RETURN IS THEN REVIEWED BY AN INDEPENDENT ACCOUNTING FIRM, AND IS REVISED UNTIL BOTH ARE SATISFIED WITH THE RETURN. THE AUDIT COMMITTEE CHAIR REVIEWS THE FORM 990 (INCLUDING SCHEDULE B). THEN THE FORM 990 (NOT INCLUDING SCHEDULE B) IS REVIEWED AND APPROVED IN A MEETING ATTENDED BY THE AUDIT COMMITTEE CHAIR, COMMITTEE MEMBERS, MANAGEMENT AND THE INDEPENDENT ACCOUNTANTS. AFTER APPROVAL, THE ENTIRE BOARD OF TRUSTEES IS PROVIDED A PUBLIC INSPECTION COPY OF THE RETURN FOR REVIEW PRIOR TO FILING THE RETURN WITH THE IRS. THE AUDIT COMMITTEE CHAIR, EXECUTIVE VICE PRESIDENT OF ADMINISTRATION AND FINANCE AND THE INDEPENDENT ACCOUNTANTS ARE AVAILABLE TO THE BOARD FOR QUESTIONS. BECAUSE THE BOARD OF TRUSTEES IS PROVIDED WITH A PUBLIC INSPECTION COPY OF THE RETURN (I.E., FORM 990, WITH SCHEDULE B INFORMATION REDACTED), PART VI, LINE 11 HAS BEEN ANSWERED AS NO. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST POLICY THE TRUSTEES OF MARYMOUNT MANHATTAN COLLEGE ARE ELECTED TO SERVE THE COLLEGE AND ARE EXPECTED TO CARRY OUT THEIR DUTIES IN A MANNER THAT INSPIRES AND ASSURES THE CONFIDENCE OF THE COLLEGE AND THE BROADER COMMUNITY. ALL ACTIONS BY TRUSTEES WITH RESPECT TO THE COLLEGE AND ITS PROPERTY MUST BE TAKEN SOLELY ON THE BASIS OF A DESIRE TO ADVANCE THE BEST INTERESTS OF THE COLLEGE. TRUSTEES SHALL NOT USE THEIR POSITIONS AS TRUSTEES, OR KNOWLEDGE GAINED THEREFROM, SO THAT A CONFLICT MIGHT ARISE BETWEEN THE INTERESTS OF THE COLLEGE AND THE INDIVIDUAL INTERESTS OF THE TRUSTEES. THE COLLEGE'S TRUSTEES INEVITABLY ARE INVOLVED IN THE AFFAIRS OF OTHER INSTITUTIONS AND ORGANIZATIONS. TRUSTEES MAY FROM TIME TO TIME HAVE RELATIONSHIPS AND AFFILIATIONS THAT MAY RAISE QUESTIONS ABOUT PERCEIVED CONFLICTS OF INTEREST. ALTHOUGH MANY SUCH POTENTIAL CONFLICTS ARE AND WILL BE DEEMED INCONSEQUENTIAL, EACH TRUSTEE HAS THE RESPONSIBILITY TO ENSURE THAT THE ENTIRE BOARD IS MADE AWARE OF SITUATIONS THAT INVOLVE PERSONAL, FAMILIAL OR BUSINESS RELATIONSHIPS THAT COULD BE POTENTIAL CONFLICTS. THUS, THE BOARD REQUIRES EACH TRUSTEE (A) CONFIRM THAT HE OR SHE IS FAMILIAR WITH THIS POLICY, (B) DISCLOSE TO THE BOARD CHAIR ANY POSSIBLE PERSONAL, FAMILIAL OR BUSINESS RELATIONSHIPS THAT MIGHT GIVE RISE TO A CONFLICT OF INTEREST OR THE APPEARANCE OF A CONFLICT OF INTEREST INVOLVING THE COLLEGE, AND (C) AGREE TO SERVE ONLY IN ACCORDANCE WITH THE LETTER AND SPIRIT OF THIS POLICY. A FORM FOR THIS PURPOSE IS ATTACHED, AND SHALL BE COMPLETED BY EACH TRUSTEE AT LEAST ANNUALLY. A "BUSINESS RELATIONSHIP" IS ONE IN WHICH A TRUSTEE OR A MEMBER OF HIS OR HER FAMILY SERVES AS AN OFFICER, DIRECTOR, EMPLOYEE, PARTNER, TRUSTEE OR CONTROLLING STOCKHOLDER OF AN ORGANIZATION THAT DOES BUSINESS WITH THE COLLEGE. A "FAMILY MEMBER" IS A SPOUSE, PARENT, SIBLING OR CHILD OF A TRUSTEE, OR ANY OTHER RELATIVE LIVING IN THE TRUSTEE'S HOUSEHOLD. IF A TRUSTEE IS UNCERTAIN WHETHER TO DISCLOSE A PARTICULAR RELATIONSHIP, THE BOARD CHAIR SHOULD BE CONSULTED. THE CHAIR MAY ELECT TO SEEK THE JUDGMENT OF THE EXECUTIVE COMMITTEE IN DETERMINING WHETHER A RELATIONSHIP GIVES RISE TO A CONFLICT OF INTEREST OR SHOULD OTHERWISE BE DISCLOSED TO THE BOARD. THE CHAIR AND THE EXECUTIVE COMMITTEE SHALL KEEP ANY CONSULTATION CONFIDENTIAL UNLESS AND UNTIL THEY DETERMINE THAT THE BEST INTERESTS OF THE COLLEGE REQUIRE DISCLOSURE. A TRUSTEE WHO HAS A CONFLICT OF INTEREST SHALL NOT PARTICIPATE IN ANY CONSIDERATION BY THE BOARD OF A MATTER RELATING TO THE CONFLICT. FORM 990, PART VI, SECTION B, LINE 15A & 15B COMPENSATION REVIEW THE ORGANIZATION HAS INSTITUTED A PROCESS TO REVIEW THE COMPENSATION PAID TO ITS PRESIDENT, OFFICERS, AND KEY EMPLOYEES GIVING RISE TO A REBUTTABLE PRESUMPTION THAT THE COMPENSATION IS REASONABLE IN ACCORDANCE WITH TREAS. REG. 53.4958-6. COMPENSATION FOR THE OFFICERS OF THE COLLEGE IS DETERMINED BY A PROCESS THAT INCLUDES THE USE OF COMPARABILITY DATA, REVIEW AND APPROVAL BY THE COMPENSATION COMMITTEE, COMPRISED OF INDEPENDENT MEMBERS OF THE COLLEGE'S BOARD OF TRUSTEES, AND CONTEMPORANEOUS RECORDKEEPING OF DELIBERATIONS AND DECISIONS. FORM 990, PART VI, SECTION C, LINE 19 PUBLIC DISCLOSURE OF GOVERNING DOCUMENTS THE COLLEGE MAKES ITS FORM 990 AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC THROUGH ITS WEBSITE. THE FORM 990 IS ALSO AVAILABLE ON WWW.GUIDESTAR.ORG. OTHER GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE NOT AVAILABLE TO THE PUBLIC. FORM 990, PART VI, LINE 28C THIS QUESTION IS BEING ANSWERED IN THE AFFIRMATIVE BECAUSE MMC HAS TRANSACTIONS WITH SUBSTANTIAL CONTRIBUTORS WHICH ARE REQUIRED TO BE REPORTED ON SCHEDULE L. 231-235 E 55th St Condominium 622 Third Avenue New York NY 10017 582636459 Student HousiNG NY Marymount C Corp 1197504 1106811 0.70700 true false false false false false false false false false false false false true false false true false false false 231-235 E 55th St Condominium p 911410 per ownership % 231-235 E 55th St Condominium m 60757 per ownership % FORM 990, SCHEDULE R, PART II The College is a 70.70% owner of the 231-235 East 55th Street Condominium which is a 32 floor residence hall housing up to 512 first year students. The residence hall consists of fully furnished suite style apartments, each housing between 4-7 students in 2 bedrooms with 1-1.5 bathrooms and a full kitchen. The building amenities include 24-hour security, Wi-Fi, access to a comprehensive cable package, laundry room, convenience store, lounge space, fitness center, mail service/package room and health center. The remaining 29.30% of the building are condominiums owned by a private developer and individuals who are not affiliated with the College. The condominium portion is required to have a certain amount of assets and therefore the amount noted in Part IV (g), Share of end-of-year Assets, in the amount of $1,106,811, is based on the College's ownership percentage but in actuality the College does not have rights to majority of these assets.