2021-05-13T13:01:02-05:00 2020-06-30 350921680 CROWE LLP 488 Madison Avenue Floor 3 New York NY 100225702 990 2019-07-01 133508093 Iona College IONA 9146332483 715 North Avenue McSpedon Hall New Rochelle NY 108011809 ANNE MARIE SCHETTINI-LYNCH SVP OF FIN & ADMINISTRATION 2021-05-13 true Nicole Bencik P00756195 2125725500 2019 2022-09-23 18:48:47Z Dr Seamus Carey 715 North Avenue McSpedon Hall New Rochelle NY 108011809 195600564 false X WWW.IONA.EDU X 1940 NY IONA COLLEGE IS A CATHOLIC COLLEGE COMPRISED OF A DIVERSE COMMUNITY OF LEARNERS & SCHOLARS DEDICATED TO ACADEMIC EXCELLENCE IN THE TRADITION OF THE CHRISTIAN BROTHERS. 30 29 1804 31 716837 129055 8022616 10210130 153102070 143579738 3580080 1134124 4075379 3898365 168780145 158822357 58085399 56796184 0 63755280 63758890 97700 51000 2232156 41848019 40722279 163786398 161328353 4993747 -2505996 378834737 387967528 109292200 116970593 269542537 270996935 IONA COLLEGE IS A CARING ACADEMIC COMMUNITY, INSPIRED BY THE LEGACY OF BLESSED EDMUND RICE AND THE CHRISTIAN BROTHERS, WHICH EMBODIES OPPORTUNITY, JUSTICE, AND THE LIBERATING POWER OF EDUCATION. IONA COLLEGE'S PURPOSE IS TO FOSTER INTELLECTUAL INQUIRY, COMMUNITY ENGAGEMENT AND AN APPRECIATION FOR DIVERSITY. IN THE TRADITION OF AMERICAN CATHOLIC HIGHER EDUCATION, IONA COLLEGE COMMITS ITS ENERGIES AND RESOURCES TO THE DEVELOPMENT OF GRADUATES RECOGNIZED FOR THEIR ETHICS, CREATIVITY AND PROBLEM-SOLVING ABILITIES, THEIR INDEPENDENT AND ADAPTABLE THINKING; THEIR JOY IN LIFELONG LEARNING; AND THEIR ENDURING INTEGRATION OF MIND, BODY AND SPIRIT. false false 91337499 56796184 127163639 INSTRUCTION - FOUNDED BY THE CONGREGATION OF CHRISTIAN BROTHERS IN 1940, IONA COLLEGE IS CHARTERED BY THE STATE OF NEW YORK AND FULLY ACCREDITED BY THE FEDERAL DEPARTMENT OF EDUCATION APPROVED REGIONAL ACCREDITOR, THE COMMISSION ON HIGHER EDUCATION OF THE MIDDLE STATES ASSOCIATION OF SCHOOLS AND COLLEGES (CHE-MSA), TO OFFER CREDIT-BEARING COURSEWORK TOWARDS DEGREES AND REGISTERED CERTIFICATES AT THE UNDERGRADUATE AND GRADUATE LEVELS. IN ADDITION TO CHE-MSA, IONA'S ACADEMIC PROGRAMS HOLD MULTIPLE PROFESSIONAL AND SPECIAL ACCREDITATIONS FROM INDEPENDENT ACCREDITING BODIES INCLUDING THE ACCREDITING COUNCIL ON EDUCATION IN JOURNALISM & MASS COMMUNICATION, ASSOCIATION FOR ADVANCING QUALITY IN EDUCATOR PREPARATION, AND THE AMERICAN CHEMICAL SOCIETY, AMONG OTHERS. THE LAPENTA SCHOOL OF BUSINESS IS ACCREDITED BY AACSB INTERNATIONAL - A HIGHLY ACCLAIMED DISTINCTION AWARDED TO LESS THAN 5% OF BUSINESS SCHOOLS WORLDWIDE. THE SPEECH LANGUAGE PATHOLOGY PROGRAM IS ACCREDITED BY THE COUNCIL ON ACADEMIC ACCREDITATION IN AUDIOLOGY AND SPEECH-LANGUAGE PATHOLOGY. IONA'S MAIN CAMPUS IS LOCATED ON 43 ACRES IN NEW ROCHELLE (WESTCHESTER COUNTY), NEW YORK, 20 MILES NORTH OF MIDTOWN MANHATTAN, THE COLLEGE HAS A GRADUATE CENTER IN ROCKLAND COUNTY, N.Y., AND OFFERS GRADUATE COURSES IN NEW YORK CITY. IONA'S STUDENT BODY IS COMPRISED OF 2,981 UNDERGRADUATE STUDENTS AND 632 GRADUATE STUDENTS WITH A WIDE VARIETY OF UNDERGRADUATE AND GRADUATE DEGREES IN THE SCHOOL OF ARTS AND SCIENCE AND SCHOOL OF BUSINESS. IN RECENT YEARS, THE IONA COMMUNITY HAS FOCUSED ON ADVANCING STUDENT DISTINCTION, ELEVATING THE IONA EXPERIENCE, ENHANCING ACADEMIC DISTINCTION, GROWING INFRASTRUCTURE, ADVANCING AFFORDABILITY, AND RAISING NECESSARY RESOURCES. MUCH SUCCESS HAS BEEN REALIZED INCLUDING ENHANCED ACADEMIC OFFERINGS AND INTERNATIONAL PROGRAMS, LAUNCH OF ACADEMIC CENTERS AND INSTITUTES, RECORD SCHOLARSHIPS AWARDED, GROWTH TO THE ENDOWMENT OF OVER 100%, AND AN INCREASE TO CAMPUS LAND HOLDINGS OF 30%. IONA COLLEGE OFFERS A VIBRANT EXPERIENCE FOR STUDENTS WITH STUDENT CLUBS, ORGANIZATIONS, AND GROUPS ON CAMPUS, AND AN NCAA DIVISION I ATHLETICS PROGRAM WITH 21 VARSITY TEAMS. THE SCHOOL OF ARTS AND SCIENCE AND THE SCHOOL OF BUSINESS SUPPORT THE MISSION OF IONA COLLEGE THROUGH A COMMITMENT TO FOSTERING ACADEMIC EXCELLENCE AND INTELLECTUAL INQUIRY IN THE LIBERAL ARTS TRADITION. THE SCHOOLS EMBRACE THE VALUES OF A STUDENT-CENTERED INSTITUTION ROOTED IN A RELIGIOUS TRADITION INCLUDING PURSUIT OF KNOWLEDGE AND TRUTH, DEVOTION TO INTEGRITY, DIVERSITY, AND FREEDOM OF INQUIRY; OPENNESS TO CHANGE, INNOVATION, AND ENTREPRENEURSHIP; APPRECIATION FOR DATA-INFORMED, OUTCOMES-ORIENTED PRACTICES THAT PROMOTE INTERNAL COLLABORATION AND EXTERNAL COMPETITIVENESS; COMMITMENT TO COMPASSION, TRANSPARENT DECISION-MAKING, AND ACCOUNTABILITY AND DEDICATION TO RESPONSIBLE STEWARDSHIP OF HUMAN, PHYSICAL, FINANCIAL, AND ENVIRONMENTAL RESOURCES. IONA OFFERS NEARLY 40 UNDERGRADUATE MAJORS, MORE THAN 40 MINORS, AND NEARLY 30 GRADUATE PROGRAMS. 31507623 2794971 STUDENT SERVICES - OTHER ACADEMIC AND STUDENT SUPPORT ACTIVITIES ARE PROVIDED FOR ENROLLED STUDENTS AND IN SUPPORT OF FACULTY SCHOLARSHIP CONSISTENT WITH STANDARDS ESTABLISHED BY THE NEW YORK STATE EDUCATION DEPARTMENT, THE COMMISSION OF HIGHER EDUCATION OF THE MIDDLE STATES ASSOCIATION OF SCHOOLS AND COLLEGES AND BEST PRACTICES IN AMERICAN HIGHER EDUCATION. THESE INCLUDE FULLY STAFFED AND OPERATIONAL LIBRARIES, A CAREER DEVELOPMENT CENTER, COUNSELING CENTER, HEALTH SERVICES CENTER, IT SUPPORT CENTER, FACULTY TRAINING CENTER, TUTORING AND ACADEMIC SUPPORT CENTER CAMPUS MINISTRIES OFFICE, ATHLETICS DEPARTMENT, AND STUDENT DEVELOPMENT OFFICE SERVICING CLUBS, STUDENT GOVERNMENT, STUDENT MEDIA AND STUDENT RECREATION. 18316785 15539311 AUXILIARY ENTERPRISES - IONA COLLEGE PROVIDE ANCILLARY AUXILIARY SERVICES TO BOTH ITS STUDENT POPULATION AND ITS EMPLOYEE BASE IN AN EFFORT TO SUPPORT ITS EDUCATIONAL MISSION: 1) RESIDENTIAL SERVICES - AS PART OF THE STUDENT EXPERIENCE, IONA COLLEGE OFFERS ON-CAMPUS RESIDENCE HALL HOUSING AND RELATED SERVICES. THE PRIMARY GOAL OF IONA'S RESIDENTIAL LIFE PROGRAM IS TO PROVIDE A SAFE, SECURE AND COMFORTABLE ENVIRONMENT WHERE ACADEMIC SUCCESS, AS WELL AS THE SOCIAL, EMOTIONAL, SPIRITUAL, PHYSICAL AND CULTURAL DEVELOPMENT OF EACH RESIDENT, IS FACILITATED. 2) BOOKSTORE - THE COLLEGE HAS AN ON-CAMPUS BOOKSTORE WHERE STUDENTS CAN PURCHASE TEXTBOOKS, STUDY AIDS, ELECTRONICS, SOFTWARE, STATIONERY AND RELATED HARD GOODS. 3) FOOD SERVICE/CAFETERIA - THE COLLEGE HAS MULTIPLE ON-CAMPUS CATERERS THAT IS COMMITTED TO PROVIDING QUALITY AND NUTRITIOUS FOOD WITH EXCEPTIONAL SERVICE. RESIDENT STUDENTS ARE REQUIRED TO PARTICIPATE AND COMMUTERS MAY PARTICIPATE IN THE FULL MEAL PLAN OFFERED AT IONA COLLEGE. 141161907 true true false false false false true false true true true false false true true true false true false false false false true true false false false true true true false false false false false false false false false false true false false false true false false false false true 5231 0 true 1804 true true true false false false false true true false false false false false false X 30 29 false false true false false false false true true false false true true true true true true true false false X ANNE MARIE SCHETTINI-LYNCH 9146332468 715 NORTH AVE MCSPEDON HALL NEW ROCHELLE NY 10801 DR SEAMUS CAREY PRESIDENT 65.0 X X 273431 0 28886 JAMES P HYNES CHAIRPERSON 2.0 X X 0 0 0 ANDREW DOLCE TRUSTEE 1.0 X 0 0 0 ARMANDO C RODRIGUEZ JR TRUSTEE 1.0 X 0 0 0 BARTLEY F LIVOLSI TRUSTEE 1.0 X 0 0 0 BRIAN M WALSH TRUSTEE 1.0 X 0 0 0 CHARLES W SCHOENHERR TRUSTEE 1.0 X 0 0 0 DAVID P BROWN TRUSTEE 1.0 X 0 0 0 ERIC L ROBINSON TRUSTEE 1.0 X 0 0 0 INGRID THOMPSON-SELLERS TRUSTEE 1.0 X 0 0 0 JOANN MAZZELLA MURPHY TRUSTEE 1.0 X 0 0 0 JOHN C JUDGE TRUSTEE 1.0 X 0 0 0 JULIA CONSIDINE GREIFELD TRUSTEE 1.0 X 0 0 0 KATHLEEN A HURLIE TRUSTEE 1.0 X 0 0 0 KEVIN FLOOD TRUSTEE 1.0 X 0 0 0 KEVIN GRIFFITH TRUSTEE 1.0 X 0 0 0 LAWRENCE I WILLS TRUSTEE 1.0 X 0 0 0 LINDA M BRUNO TRUSTEE 1.0 X 0 0 0 MARGARET TIMONEY TRUSTEE 1.0 X 0 0 0 MICHAEL P HEGARTY TRUSTEE 1.0 X 0 0 0 PATRICK C DUNICAN JR TRUSTEE 1.0 X 0 0 0 PATRICK C O'DONNELL JR TRUSTEE 1.0 X 0 0 0 PETER J RIPP TRUSTEE 1.0 X 0 0 0 PHILLIP N MAISANO TRUSTEE 1.0 X 0 0 0 RAYMOND J VERCRUYSSE TRUSTEE 1.0 X 0 0 0 ROBERT V LAPENTA TRUSTEE 1.0 X 0 0 0 RONALD M DEFEO TRUSTEE 1.0 X 0 0 0 STEPHEN V REITANO TRUSTEE 1.0 X 0 0 0 THERESA A GOTTLIEB TRUSTEE 1.0 X 0 0 0 Thomas Hales Trustee Thru 10/2020 1.0 X 0 0 0 TRISTA RIVERA TRUSTEE 1.0 X 0 0 0 ANNE MARIE SCHETTINI-LYNCH SVP OF FIN & ADMINISTRATION 65.0 X 333192 0 17558 DARRELL WHEELER PROVOST & SVP ACADEMIC AFFAIRS 50.0 X 320179 0 40040 KATHLEEN MCELROY GENERAL COUNSEL 50.0 X 220884 0 21941 MARY ELLEN CALLAGHAN CHIEF OF STAFF & BOARD SEC. 50.0 X 228317 0 26461 BILLI CHAMBERS WOMEN'S BASKETBALL COACH 50.0 X 216864 0 32086 DR JOSEPH NYRE PRESIDENT Thru 6/30/19 0.0 X 600611 0 41049 PAUL SUTERA SVP ADVANCEMENT & EXTERNAL AFF 50.0 X 273174 0 55541 TIMOTHY CLUESS MEN'S BASKETBALL COACH 50.0 X 768656 0 25428 VINCENT CALLUZZO Professor 40.0 X 205063 0 29998 3440371 0 318988 99 false true false Pavarini 585 West Putnam Avenue Greenwich CT 069055571 Construction 27303831 Chartwells Dining Services c/o Bank of America Illinois 91337 Collections Dr Chicago IL 606931337 Food Services 4409642 EAB Global Inc 2445 M ST NW Washington DC 20037 Enrollment Media Svcs 1320761 Edu Tek 99 Fulton Street White Plains NY 10606 IT solutions provider 861439 Gensler 12478 Collection Center Drive Chicago IL 60693 Architecture and design 493334 41 111870 2659280 7438980 1358802 10210130 TUITION AND FEES 611710 127163639 127163639 ROOM & BOARD (& OTHER STUDENT CHARGES) 611710 15539412 15539412 CAFETERIA 611710 706472 706472 BOOKSTORE 611710 110201 110201 VENDING COMMISSIONS 611710 60014 60014 0 0 0 0 143579738 1134124 220999 913125 590271 590271 0 590271 590271 36673993 36673993 0 0 0 0 121600 111870 104214 17386 17386 NCAA DISTRIBUTION 611710 509700 509700 SPORTS CAMPS 713940 488133 488133 AQUATICS CLUB 713940 246454 246454 2046421 2038716 7705 0 3290708 158822357 145497921 716837 2397469 56796184 56796184 1949531 337118 1612413 47972524 41356369 5421604 1194551 2684221 2241785 378207 64229 8061245 6732524 1135829 192892 3091369 2581824 435574 73971 541059 541059 232400 232400 51000 51000 165569 165569 5213847 1766677 3038105 409065 3367577 2517502 603627 246448 657083 565057 92026 0 1675425 1440777 234648 0 3816397 3281900 534497 0 1530594 1316230 214364 0 42915 36905 6010 0 3656955 3144788 512167 0 7757840 6671333 1086507 0 1563029 1344122 218907 0 FOOD SERVICES 5018452 4315604 702848 0 OTHER ATHLETIC EXPENSES 720044 619200 100844 0 STUDENT ACTIVITIES 522628 449432 73196 0 PROFESSIONAL DUES & TRAINING 447319 384671 62648 0 3793146 3261905 531241 0 161328353 141161907 17934290 2232156 8300 8300 26289441 30949746 9780218 9262966 4045343 5316982 0 0 0 0 1201298 1278979 281209065 106027805 158560899 175181260 16236933 2755655 158966461 160661863 3217815 549070 528029 2002707 378834737 387967528 13231165 12688598 5498591 6628266 73937329 72482372 0 0 2220000 15427033 14405115 9744324 109292200 116970593 X 192020539 217203744 77521998 53793191 269542537 270996935 378834737 387967528 X -2505996 2412799 2595 1545000 X false true X true true true X 24596735 30710189 10839848 8022616 10210130 84379518 0 0 24596735 30710189 10839848 8022616 10210130 84379518 31621850 52757668 1847950 1725122 2367324 3060391 1503387 10504174 444028 422848 485820 417827 129055 1899578 322880 219831 240148 272799 121600 1177258 97960528 396986907 0.5386 0.5277 X Schedule A, Part I SCHEDULE A, PART I IONA COLLEGE OPERATES AS A SCHOOL DESCRIBED IN SECTION 170(B)(1)(A)(II) BUT ALSO QUALIFIES AS A PUBLICLY SUPPORTED ORGANIZATION DESCRIBED IN SECTION 170(B)(1)(A)(VI) TO ALLOW ITSELF TO UTILIZE THE SPECIAL RULE FOR 501(C)(3) ORGANIZATIONS ON FORM 990, SCHEDULE B. Schedule A, Part II, Line 10 Other Income DESCRIPTION - MISCELLANEOUS REVENUE, COLUMN A - 322880.0, COLUMN B - 219831.0, COLUMN C - 240148.0, COLUMN D - 272799.0, COLUMN E - 121600.0, COLUMN F - 1177258.0; RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 100000 X X EDUCATIONAL INSTRUCTION false 159938009 5830944 2510934 5401275 165569 162713043 143741343 8118305 11622837 3384534 159942 159938009 130845536 7938632 9773420 4616151 200094 143741343 116405592 6334421 12091954 3841187 145244 130845536 110891168 6633800 897375 1871335 145416 116405592 0.7698 0.1777 0.0525 false false 9852103 9852103 200890800 79423386 121467414 61819506 21024435 40795071 7229788 5402430 1827358 1416868 177554 1239314 175181260 MULTI-STRATEGY EQUITY FUND 79196474 F MULTI STRATEGY BOND FUND 17174238 F GOVERNMENT MONEY MARKET FUND 7815433 F LIMITED PARTNERSHIPS 19773148 F CASH VALUE OF LIFE INSURANCE 151617 F R/E COMMERCIAL PROPERTY 2280371 F INTERMEDIATE TERM FUND 18143885 F MERGER ARBITRAGE FUND 16126697 F 160661863 ACCRUED POSTRETIREMENT BENEFIT 9405000 REFUNDABLE ADVANCES FROM U.S. 339324 9744324 X 105922617 2412799 -55416753 -53003954 158926571 -104214 -104214 158822357 104470814 104214 104214 104366600 56961753 56961753 161328353 Schedule D, Part III, Line 4 Collections of art - description of collections THE COLLEGE OPERATES A PUBLIC GALLERY NEAR ITS CAMPUS THAT IS OPEN TO BOTH STUDENTS AND TO THE GENERAL PUBLIC, FREE OF CHARGE. THE COLLEGE DOES NOT OWN ANY OF THE ARTWORK EXHIBITED IN THIS GALLERY BUT RECEIVES THESE PIECES FOR PUBLIC EXHIBITION. THE GALLERY IS INTENDED AS A VEHICLE TO INCREASE PUBLIC APPRECIATION OF ART AND TO ENHANCE THE STUDENT EDUCATIONAL EXPERIENCE. Schedule D, Part V, Line 4 Intended uses of endowment funds THE COLLEGE'S ENDOWMENT FUND IS INTENDED TO SUPPORT ITS EDUCATIONAL MISSION. PERMANENT ENDOWMENT FUNDS AND QUASI ENDOWMENT FUNDS WILL FUND STUDENT SCHOLARSHIPS, FACULTY SUPPORT, FACILITY ENHANCEMENTS, OPERATIONS AND OTHER STRATEGIC INITIATIVES. THE COLLEGE INTENDS ON KEEPING THE ENDOWMENT PRINCIPAL UNTOUCHED, WHILE USING ITS EARNINGS TO SATISFY THE ABOVE MENTIONED OBJECTIVES. Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote THE COLLEGE IS A TAX-EXEMPT ORGANIZATION AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (THE CODE), AND IS GENERALLY EXEMPT FROM FEDERAL INCOME TAXES ON RELATED INCOME PURSUANT TO SECTION 501(A) OF THE CODE. THE COLLEGE HAS PROCESSES PRESENTLY IN PLACE TO ENSURE THE MAINTENANCE OF ITS TAX-EXEMPT STATUS. UNDER ASC 740, "INCOME TAXES", THE COLLEGE MUST RECOGNIZE A TAX LIABILITY ASSOCIATED WITH TAX POSITIONS TAKEN FOR TAX RETURN PURPOSES WHEN IT IS MORE LIKELY THAN NOT THAT THE POSITION WILL NOT BE SUSTAINED UPON EXAMINATION BY A TAXING AUTHORITY. THE COLLEGE DOES NOT BELIEVE THERE ARE ANY MATERIAL UNCERTAIN TAX POSITIONS TAKEN, AND ACCORDINGLY, WILL NOT RECOGNIZE ANY LIABILITY FOR UNRECOGNIZED TAX BENEFITS UNDER ASC 740. THE COLLEGE IS NOT CURRENTLY UNDER EXAMINATION BY ANY TAXING JURISDICTION. Schedule D, Part XI, Line 2(d) Other revenues in audited financial statements not in form 990 SCHOLARSHIP DISBURSEMENT - -56796184 INVESTMENT EXPENSES - -165569 CHANGE IN POSTRETIREMENT BENEFIT OBLIGATION - 1545000 Schedule D, Part XI, Line 4(b) Other revenues in form 990 not in audited financial statements Special Events & Gaming Direct Expenses - -104214 Schedule D, Part XII, Line 2(d) Other expenses in audited financial statements not in form 990 Special Events & Gaming Direct Expenses - 104214 Schedule D, Part XII, Line 4(b) Other expenses in form 990 not in audited financial statements SCHOLARSHIP DISBURSEMENT - 56796184 INVESTMENT EXPENSES - 165569 true true true true true true true false false false false false false false false true false true Schedule E, Part I, Line 3 RACIALLY NONDISCRIMINATORY POLICY THE COLLEGE INCLUDES A STATEMENT OF ITS NON-DISCRIMINATION POLICY ON ITS WEBSITE, AS WELL AS IN STUDENT MATERIALS, AND EMPLOYEE JOB POSTINGS Schedule E, Part I, Line 6(a) FINANCIAL AID OR ASSISTANCE FROM A GOVERNMENT THE COLLEGE RECEIVES GRANTS FOR RESEARCH , TRAINING, AND FINANCIAL AID FROM THE NATIONAL SCIENCE FOUNDATION , THE US DEPARTMENT OF EDUCATION AND VARIOUS OTHER FEDERAL AND NEW YORK STATE AGENCIES X X X X X X X true MARTS & LUNDY 1200 WALL STREET WEST 5th FLOOR LYNDHURST NJ 07071 FUNDRAISING STRATEGIST false 0 21000 -21000 CONCOURSE CONSULTING LLC 35 STURBRIDGE PLACE SCARSDALE NY 10583 FUNDRAISING false 0 30000 -30000 0 51000 -51000 NY Winged Foot 233470 111870 121600 67023 37191 0 0 233470 111870 121600 67023 37191 104214 17386 true SCHOLARSHIPS 3014 56796184 Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds. IONA COLLEGE GIVES AID TO STUDENTS IN TWO BASIC FORMS: MERIT AID AND NEED BASED AID. THE AMOUNT OF MERIT AID A STUDENT RECEIVES IS BASED ON CUMULATIVE GRADE POINT AVERAGE (GPA) AND A RANGE OF MERIT AWARD LEVELS. NEED BASED AID IS DETERMINED BY UNMET NEED AS CCULATED BY THE COST OF ATTENDANCE LESS THE FEDERAL EXPECTED FAMILY CONTRIBUTION (EFC.) STUDENTS ARE GIVEN THESE AWARDS UPON ACCEPTANCE TO THE COLLEGE AND THE AWARDS ARE RENEWED ON AN ANNUAL BASIS ASSUMING THE STUDENT MEETS THE REQUIRED CUMULATIVE GPA AND THE NEED LEVEL AS DETERMINED BY FAFSA HAS NOT CHANGED. ALL SCHOLARSHIPS ISSUED BY THE COLLEGE ARE INTENDED TO BE USED TO DEFRAY TUITION COSTS AND ENABLE STUDENTS TO MATRICULATE AT IONA COLLEGE, THE STUDENT HAS NO DISCRETION ON HOW TO EXPEND THOSE FUNDS. ACCORDINGLY, THE COLLEGE DOES NOT FORMALLY MONITOR THE USE OF THE SCHOLARSHIP FUNDS SINCE IT IS REQUIRED THAT SUCH FUNDS BE USED TO OFFSET TUITION AND OTHER EDUCATIONALLY-RELATED COSTS. AS A NATIONAL COLLEGIATE ATHLETIC ASSOCIATION (NCAA) DIVISION I INSTITUTION, IONA COLLEGE AWARDS RECRUITED (AND RETURNING) ATHLETES SCHOLARSHIPS AND GRANTS IN ACCORDANCE WITH NCAA GUIDELINES FOR FULL-RIDE OR EQUIVALENCY SPORT ALLOCATIONS. THESE AWARDS MAY COVER TUITION, FEES, ROOM, BOARD, BOOKS AND LIVING EXPENSES PER NCAA RULES AND COLLEGE BUDGET ALLOCATIONS. AWARDS ARE RENEWED BASED ON ACADEMIC PERFORMANCE, ATHLETIC PARTICPATION, TEAM ROSTER NEEDS AND AVAILABLE FUNDS. X X true true X X X false true false false false false false false false DR SEAMUS CAREY PRESIDENT 272792 0 0 0 639 0 11650 0 17236 0 302317 0 0 0 ANNE MARIE SCHETTINI-LYNCH SVP OF FIN & ADMINISTRATION 288020 0 28883 0 16289 0 13800 0 3758 0 350750 0 0 0 DARRELL WHEELER PROVOST & SVP ACADEMIC AFFAIRS 292162 0 24000 0 4017 0 14000 0 26040 0 360219 0 0 0 MARY ELLEN CALLAGHAN CHIEF OF STAFF & BOARD SEC. 200119 0 20500 0 7698 0 20512 0 5949 0 254778 0 0 0 KATHLEEN MCELROY GENERAL COUNSEL 199936 0 20200 0 748 0 10106 0 11835 0 242825 0 0 0 DR JOSEPH NYRE PRESIDENT Thru 6/30/19 402702 0 0 0 197909 0 21081 0 19968 0 641660 0 0 0 TIMOTHY CLUESS MEN'S BASKETBALL COACH 728907 0 35000 0 4749 0 22500 0 2928 0 794084 0 0 0 PAUL SUTERA SVP ADVANCEMENT & EXTERNAL AFF 252150 0 20757 0 267 0 19075 0 36466 0 328715 0 0 0 BILLI CHAMBERS WOMEN'S BASKETBALL COACH 179231 0 15000 0 22633 0 9220 0 22866 0 248950 0 0 0 VINCENT CALLUZZO Professor 198988 0 0 0 6075 0 19687 0 10311 0 235061 0 0 0 Schedule J, Part I, Line 1a Housing allowance or residence for personal use THE COLLEGE PROVIDES THE PRESIDENT HOUSING ON THE COLLEGE'S CAMPUS FOR THE CONVENIENCE OF THE EMPLOYER (IONA COLLEGE) AND AS A CONDITION OF EMPLOYMENT. THE FAIR MARKET VALUE OF SUCH LODGING IS EXCLUDED FROM THE PRESIDENT'S TAXABLE INCOME AND IS NOT REPORTED ON FORM 990, SCHEDULE J, PART II, COLUMN (D) AS A NONTAXABLE BENEFIT. Schedule J, Part I, Line 1a Personal services THE COLLEGE PROVIDES DR. JOSEPH NYRE, PRESIDENT, WITH CUSTODIAL STAFF THAT CLEANS THE PORTION OF HIS HOUSE THAT IS USED FOR BUSINESS. Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan The following individual participated in a 457(f) plan, no contributions were made during the current year - Dr. Joseph Nyre. A DORMITORY AUTHORITY OF THE STATE OF NEW YORK 146000293 649906P65 2012-08-01 31366862 REFUNDING 2002 BOND/CONSTRUCTION false false false B CITY OF NEW ROCHELLE CORP FOR LOCAL DEVELOPMENT 611721247 648535AS1 2015-05-06 49537981 REFUNDING OF 2013 NROC BOND/CONSTR false false false A 6282435 31366862 2037738 507061 6058913 22763150 2013 true false true true B 3958459 49537981 2946436 2107765 773080 35524155 8186545 2016 true false true true A false false false false 0.0 0.0 0.0 false false true B false false false false 0.0 0.0 0.0 false false true A false true false false false false false false true B false true false false false false false false true A true B true X 21 1358802 Market value 0 false true false Schedule M, Part I, Line 9 SCHEDULE M, PART I, LINE 9, COLUMN (B) AMOUNT IN COLUMN (B) REPRESENTS THE NUMBER OF CONTRIBUTIONS RECEIVED. Form 990, Part VI, Line 1a Delegate broad authority to a committee As provided in Article VII, Section 6 of the By-Laws, The Executive Committee shall be composed of the President of the College, the Chair and Vice Chair of the Board of Trustees and all chairpersons of standing committees, The Chair of the Board of Trustees shall be the Chair of the Executive Committee. The Chair, after consultation with the President, may appoint any other member of the Board to serve on the Executive Committee. The Committee's responsibilities shall include the following: 1. Between meetings of the Board of Trustees, supervising the general property and business affairs of the College except, that unless specifically empowered by the Board of Trustees to do so, it may not take any action inconsistent with a prior act of the Board of Trustees, alter by-laws, remove or appoint the President of the College or take any action which has been reserved to the Board; 2. Convening the Committee upon the call of the Chair or, on the request of the President, or on the request of at least three (3) members of the Committee; and 3. Reporting to the Board all actions taken by the Executive Committee since the last meeting of the Board. Form 990, Part VI, Line 4 Significant changes to organizational documents The bylaws have been amended for the following: 1. For a trustee to succeed themselves in office, there must be positive re-nomination recommendation by the Committee on Trustees and Governance members assigned to conduct a review of each Trustees performance and then upon re-election by a majority vote of the Board of Trustees then in office. 2. The Committee on Trustees and Governance members so assigned will review the performance of each Trustee based on multiple criteria including but not limited to the "Expectations of a Trustee" prior to the end of the Trustee's current term and, at the sole discretion of the Committee on Trustees and Governance assigned members will determine Trustees eligibility for an additional term. 3. The terms of re-elected Trustees start at the beginning of the fiscal year of the College. 4. Elections for officers of the board shall generally be held at the Annual Meeting of the Board as appropriate and the terms of newly elected Officers shall commence at the start of the College's fiscal year. Elections of Officers to fill positions left vacant during the course of the fiscal year may be held at any Board meeting and the term of the newly elected Officer shall then begin immediately and continue for the remainder of that fiscal year. After completing service for the remainder of that fiscal year, said Officer may then serve the standard two-year term and may subsequently succeed themselves for up to two additional terms, each of these two additional terms contingent upon majority vote of the Trustees at the Annual Meeting. 5. Powers of trustees includes review, approve and/or amend College handbooks, governing documents and policies, particularly those with potential fiduciary impact. Form 990, Part VI, Line 11b Review of form 990 by governing body THE FORM 990 IS PREPARED BY A NATIONALLY RENOWNED ACCOUNTING FIRM IN CONJUNCTION WITH THE ORGANIZATION'S FINANCIAL DEPARTMENT. A COPY OF THE DRAFT FORM 990 IS CIRCULATED TO THE FULL BOARD OF TRUSTEES FOR DISCUSSION AND COMMENT. EACH BOARD MEMBER IS PROVIDED AMPLE OPPORTUNITY TO COMMENT ON THE INFORMATION CONTAINED IN THE FORM 990 PRIOR TO ITS ELECTRONIC FILING WITH THE IRS. Form 990, Part VI, Line 12c Conflict of interest policy EACH TRUSTEE OF THE COLLEGE IS REQUIRED UPON APPOINTMENT AND ANNUALLY TO DISCLOSE ANY CONFLICTS OF INTEREST THAT ARISE BY VIRTUE OF THEIR EMPLOYMENT, BOARD SERVICE, OR POSITION WITH THE COLLEGE. THE COLLEGE MONITORS COMPLIANCE WITH ITS CONFLICT OF INTEREST POLICY THROUGH AN ANNUAL QUESTIONNAIRE/DISCLOSURE STATEMENT THAT IS DISTRIBUTED TO THESE INDIVIDUALS BY THE SECRETARY OF THE BOARD. The Secretary provides a copy of all completed statements to the Chair of the Audit, Compliance and Risk Committee and the Chair of the Board. POTENTIAL CONFLICTS ARE INVESTIGATED IMMEDIATELY. Should a potential conflict arise, they are reviewed by the Audit, Compliance and Committee, which will attempt to resolve any actual or potential conflict and, in the absence of resolution, will refer the matter to the Board of Trustees for resolution. Form 990, Part VI, Line 15a Process to establish compensation of top management official THE COLLEGE UNDERTAKES A THOROUGH PROCESS TO ENSURE THAT THE EXECUTIVE COMPENSATION IT PAYS TO ITS TOP MANAGEMENT OFFICIAL IS REASONABLE GIVEN THE MARKET IN WHICH THE COLLEGE OPERATES. IN RELEVANT PART, THE BOARD OF TRUSTEES HAS ESTABLISHED A COMPENSATION COMMITTEE OF INDEPENDENT PERSONS THAT HAVE NO PERSONAL INTEREST IN THE PROPOSED COMPENSATION AGREEMENT. CONTEMPORANEOUS SUBSTANTIATION FOR THE COMPENSATION REVIEW IS WITH THE COMPENSATION COMMITTEE MINUTES WHICH INCLUDES THE USE OF COMPARATIVE DATA AVAILABLE IN THE MARKET. THE PROCESS WAS MOST RECENTLY PERFORMED IN MAY 2020. Form 990, Part VI, Line 19 Required documents available to the public THE ORGANIZATION DOES NOT ORDINARILY MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC, HOWEVER IF REQUESTED WILL BE PROVIDED AT MANAGEMENT'S DISCRETION. Form 990, Part VIII, Line 11d Other Miscellaneous Revenue Conference Services - Total Revenue: 948680, Related or Exempt Function Revenue: 948680, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ; OTHER REVENUE - Total Revenue: 1097741, Related or Exempt Function Revenue: 1090036, Unrelated Business Revenue: 7705, Revenue Excluded from Tax Under Sections 512, 513, or 514: ; Form 990, Part XI, Line 9 Other changes in net assets or fund balances CHANGE IN POSTRETIREMENT BENEFIT OBLIGATION - 1545000; 748-754 NORTH AVENUE LLC 715 NORTH AVENUE NEW ROCHELLE NY 10801 472478619 REAL ESTATE NY 135866 2200000 IONA COLLEGE