DOWLING COLLEGE: Form 990, tax year 2018

View the entire original 990 at ProPublica ↗

Organization
DOWLING COLLEGE (EIN 11-2157078)
Tax period
2018-07-01 to 2019-06-30
Filed
2020-01-29
IRS object ID
202030299349300023
Schema version
2018v3.1
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 ReturnHeader

FieldValueIRS element (for citing)
Return2020-01-29T10:32:28-06:00ReturnTs
Tax Period End2019-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN390859910PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1BAKER TILLY VIRCHOW KRAUSE LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1125 BAYLIS ROAD SUITE 300AddressLine1Txt
CityMELVILLECityNm
State AbbreviationNYStateAbbreviationCd
ZIP11747ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2018-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN112157078EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1DOWLING COLLEGEBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlDOWLBusinessNameControlTxt
Phone2126580301PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1C/O RSR CONSULTING LLC 49 ROY AVEAddressLine1Txt
CityMASSAPEQUACityNm
State AbbreviationNYStateAbbreviationCd
ZIP11758ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonROBERT S ROSENFELDPersonNm
Person TitlePLAN ADMINISTRATORPersonTitleTxt
Phone2126580301PhoneNum
Signature2020-01-29SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonELLEN M LABITA CPAPreparerPersonNm
PTINP00140777PTIN
Phone6317527400PhoneNum
Self EmployedYes (X)SelfEmployedInd

Filing Security Information FilingSecurityInformation

IP Address IPAddress

FieldValueIRS element (for citing)
I Pv4 Address148.75.192.64IPv4AddressTxt
FieldValueIRS element (for citing)
IP2020-01-29IPDt
IP Tm07:56:50IPTm
IP TimezoneESIPTimezoneCd
Filing License TypePFilingLicenseTypeCd
At Submission Creation Device IdDA39A3EE5E6B4B0D3255BFEF95601890AFD80709AtSubmissionCreationDeviceId
At Submission Filing Device Id45D50D8E3994CEF8BF8842BFE43A81B55B26F885AtSubmissionFilingDeviceId
FieldValueIRS element (for citing)
Tax2018TaxYr
Build TS2020-09-23 17:36:50ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerROBERT S ROSENFELDPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1C/O RSR CONSULTING LLC 49 ROY AVEAddressLine1Txt
CityMASSAPEQUACityNm
State AbbreviationNYStateAbbreviationCd
ZIP11758ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$17,143,341GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.DOWLING.EDUWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1968FormationYr
Legal Domicile StateNYLegalDomicileStateCd
Activity Or MissionDOWLING COLLEGE WAS AN INDEPENDENT COMPREHENSIVE EDUCATIONAL INSTITUTION IN THE LIBERAL ARTS TRADITION WHOSE MISSION WAS TO PROVIDE OUR STUDENTS WITH A WELL-ROUNDED EDUCATION BASED UPON INNOVATIVE TEACHING, INFORMED AND ENGAGING RESEARCH, AND A COMMITMENT TO DEMOCRATIC CITIZENSHIP WITH A COMMUNITY SERVICE COMPONENT. WE FOSTERED AN OPEN AND SUPPORTIVE LEARNING ENVIRONMENT THAT WAS BASED UPON COLLABORATION BETWEEN A COMMITTED AND SUPPORTIVE EXPERT FACULTY AND A STUDENT BODY DIVERSE IN ITS INTERESTS, BELIEFS, CULTURE, ETHNICITY, AND GEOGRAPHIC ORIGIN. WE RECOGNIZED LEARNING AS A LIFETIME ENDEAVOR, PARTICULARLY AS IT RELATES TO GLOBALIZATION. THE COLLEGE UPHELD ITS EDUCATIONAL MISSION THROUGH TEACHING, LEARNING AND RESEARCH IN THE ARTS, SCIENCES AND PROFESSIONS SUCH AS EDUCATION, BUSINESS AND AVIATION, AND BY PROVIDING MEMBERS OF THE COMMUNITY AND DOWLING ALUMNI WITH OPPORTUNITIES FOR CONTINUING EDUCATION.ActivityOrMissionDesc
Voting Members Governing Body0VotingMembersGoverningBodyCnt
Voting Members Independent0VotingMembersIndependentCnt
Total Employee3TotalEmployeeCnt
Total Volunteers8TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$0PYContributionsGrantsAmt
CY Contributions Grants$0CYContributionsGrantsAmt
PY Program Service Revenue$2,040PYProgramServiceRevenueAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
PY Investment Income$10,523,741PYInvestmentIncomeAmt
CY Investment Income-$16,399,460CYInvestmentIncomeAmt
PY Other Revenue$47,480PYOtherRevenueAmt
CY Other Revenue$1,925,985CYOtherRevenueAmt
PY Total Revenue$10,573,261PYTotalRevenueAmt
CY Total Revenue-$14,473,475CYTotalRevenueAmt
PY Grants And Similar Paid$0PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$271,779PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$2,633,899CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$4,758,154PYOtherExpensesAmt
CY Other Expenses$5,543,171CYOtherExpensesAmt
PY Total Expenses$5,029,933PYTotalExpensesAmt
CY Total Expenses$8,177,070CYTotalExpensesAmt
PY Revenues Less Expenses$5,543,328PYRevenuesLessExpensesAmt
CY Revenues Less Expenses-$22,650,545CYRevenuesLessExpensesAmt
Total Assets BOY$42,518,343TotalAssetsBOYAmt
Total Assets EOY$2,231,807TotalAssetsEOYAmt
Total Liabilities BOY$42,000,946TotalLiabilitiesBOYAmt
Total Liabilities EOY$166,645TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$517,397NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$2,065,162NetAssetsOrFundBalancesEOYAmt
MissionSEE SCHEDULE OMissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$0ExpenseAmt
DescDOWLING COLLEGE CLOSED IN AUGUST 2016 AND IS IN THE PROCESS OF LIQUIDATION. THERE ARE CURRENTLY NO PROGRAMS BEING CONDUCTED. ON JANUARY 14, 2019, THE COLLEGE'S PLAN OF LIQUIDATION WAS CONFIRMED BY THE COURT AND WENT EFFECTIVE. AS A RESULT, THE COLLEGE IS IN DISSOLUTION PROCESS.Desc
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B Required0ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Temp Or Permanent EndowmentsYes (1)TempOrPermanentEndowmentsInd
Report Land Building Equipment0ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other Liabilities0ReportOtherLiabilitiesInd
Include FIN48 Footnote0IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt0IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School OperatingYes (1)SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J Required0ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With Officer Ent0BusinessRlnWithOfficerEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related Entity0RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document30IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Employee3EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members0GoverningBodyVotingMembersCnt
Independent Voting Member0IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesYes (1)DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower Policy0WhistleblowerPolicyInd
Document Retention Policy0DocumentRetentionPolicyInd
Compensation Process CEO0CompensationProcessCEOInd
Compensation Process Other0CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldNYStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1ROBERT S ROSENFELD PLAN ADMINISTRATORBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone2126580301PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line149 ROY AVEAddressLine1Txt
CityMASSAPEQUACityNm
State AbbreviationNYStateAbbreviationCd
ZIP11758ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (9 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtAverage Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
MICHAEL PUORRO
CHAIRMAN TO 1/14/192.000.00Yes (X)Yes (X)$0$0$0
GERALD J CURTIN
VICE CHAIRMAN TO 1/14/192.000.00Yes (X)Yes (X)$0$0$0
PATRICIA M BLAKE
TRUSTEE TO 1/14/192.000.00Yes (X)$0$0$0
DENNIS O'DOHERTY
TRUSTEE TO 1/14/192.000.00Yes (X)$0$0$0
JACK O'CONNOR
TRUSTEE TO 1/14/192.000.00Yes (X)$0$0$0
JOSEPH K POSILLICO
TRUSTEE TO 1/14/192.000.00Yes (X)$0$0$0
RONALD PARR
TRUSTEE TO 1/14/192.000.00Yes (X)$0$0$0
JOHN RACANELLI
TRUSTEE TO 1/14/192.000.00Yes (X)$0$0$0
ANNA DIMOLA
HR/SECRETARY TO 10/4/1840.000.00Yes (X)$45,534$0$0
FieldValueIRS element (for citing)
Total Reportable Comp From Org$45,534TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$0TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K0IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K0TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (5 entries)

Address Line1ContractorAddress/USAddress/AddressLine1TxtCityContractorAddress/USAddress/CityNmState AbbreviationContractorAddress/USAddress/StateAbbreviationCdZIPContractorAddress/USAddress/ZIPCdServicesServicesDescCompensationCompensationAmt
RSR CONSULTING LLP
1330 AVENUE OF THE AMERICAS S23ANEW YORKNY10017RESTRUCTURING SERVICES$890,020
KLESTADT & WINTERS LLP
200 W 41ST ST 17TH FLNEW YORKNY10036LEGAL$801,859
SILVERMAN ACAMPORA LLP
100 JERICHO QUADRANGLE 300JERICHONY117539494LEGAL$313,066
A&G REALTY PARTNERS LLC
445 BROADHOLLOW RD ST 410MELVILLENY11747REAL ESTATE$195,000
ARROW SECURITY
300 W MAIN STSMITHTOWNNY11787SECURITY$164,991
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K6CntrctRcvdGreaterThan100KCnt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$207,356TotalRevenueColumnAmt
Exclusion$207,356ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Other$15,010,000OtherAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Other$31,616,816OtherAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Other-$16,606,816OtherAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column-$16,606,816TotalRevenueColumnAmt
Exclusion-$16,606,816ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp (3 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtExclusionExclusionAmt
CANCELLATION OF DEBT900099$1,819,398$1,819,398
UNCLAIMED FUNDS900099$79,756$79,756
UTILITIES REFUND900099$10,935$10,935

Miscellaneous Revenue MiscellaneousRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$15,896TotalRevenueColumnAmt
Exclusion$15,896ExclusionAmt
FieldValueIRS element (for citing)
Other Revenue Total$1,925,985OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column-$14,473,475TotalRevenueColumnAmt
Related Or Exempt Func Income$0RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion-$14,473,475ExclusionAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$9,515TotalAmt
Management And General$9,515ManagementAndGeneralAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$1,233,975TotalAmt
Management And General$1,233,975ManagementAndGeneralAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$248,935TotalAmt
Management And General$248,935ManagementAndGeneralAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$1,141,474TotalAmt
Management And General$1,141,474ManagementAndGeneralAmt

Fees For Services Management FeesForServicesManagementGrp

FieldValueIRS element (for citing)
Total$448,821TotalAmt
Management And General$448,821ManagementAndGeneralAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$1,199,161TotalAmt
Management And General$1,199,161ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$3,900TotalAmt
Management And General$3,900ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$496,930TotalAmt
Management And General$496,930ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$17,182TotalAmt
Management And General$17,182ManagementAndGeneralAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$98,528TotalAmt
Management And General$98,528ManagementAndGeneralAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$679,023TotalAmt
Management And General$679,023ManagementAndGeneralAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$168,736TotalAmt
Management And General$168,736ManagementAndGeneralAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$2,279,438TotalAmt
Management And General$2,279,438ManagementAndGeneralAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$19,693TotalAmt
Management And General$19,693ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtManagement And GeneralManagementAndGeneralAmt
BAD DEBT & COLLECTION$37,000$37,000
RETAINER RESERVE$33,520$33,520
RECEIVABLE COLLECTION E$24,827$24,827
BOND AGENT ADMIN FEES$18,000$18,000

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$18,412TotalAmt
Management And General$18,412ManagementAndGeneralAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$8,177,070TotalAmt
Program Services$0ProgramServicesAmt
Management And General$8,177,070ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$5,972,462BOYAmt
EOY$523,949EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$92,260BOYAmt
EOY$38,213EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

FieldValueIRS element (for citing)
BOY$1,823,158BOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$72,700BOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$0LandBldgEquipCostOrOtherBssAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$30,593,477BOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$1,642,847BOYAmt
EOY$1,668,796EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$2,321,439BOYAmt
EOY$849EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$42,518,343BOYAmt
EOY$2,231,807EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$11,495,315BOYAmt
EOY$166,645EOYAmt

Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$17,768,449BOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

FieldValueIRS element (for citing)
BOY$10,427,634BOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$2,309,548BOYAmt
EOY$0EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$42,000,946BOYAmt
EOY$166,645EOYAmt
FieldValueIRS element (for citing)
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

FieldValueIRS element (for citing)
BOY$517,397BOYAmt
EOY$2,065,162EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$517,397BOYAmt
EOY$2,065,162EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$42,518,343BOYAmt
EOY$2,231,807EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part XIYes (X)InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss-$22,650,545ReconcilationRevenueExpnssAmt
Prior Period Adjustments$634,592PriorPeriodAdjustmentsAmt
Other Changes In Net Assets$23,563,718OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS Audited0FSAuditedInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
SchoolYes (X)SchoolInd

Schedule D IRS990ScheduleD

CY Endwmt Fund CYEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$1,417,828BeginningYearBalanceAmt
Investment Earnings Or Losses$25,949InvestmentEarningsOrLossesAmt
End Year Balance$1,443,777EndYearBalanceAmt

CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$1,402,600BeginningYearBalanceAmt
Investment Earnings Or Losses$15,228InvestmentEarningsOrLossesAmt
End Year Balance$1,417,828EndYearBalanceAmt

CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$2,276,271BeginningYearBalanceAmt
Investment Earnings Or Losses$7,829InvestmentEarningsOrLossesAmt
Other Expenditures$881,500OtherExpendituresAmt
End Year Balance$1,402,600EndYearBalanceAmt

CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$2,295,235BeginningYearBalanceAmt
Investment Earnings Or Losses$7,386InvestmentEarningsOrLossesAmt
Administrative Expenses$26,350AdministrativeExpensesAmt
End Year Balance$2,276,271EndYearBalanceAmt

CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$2,292,291BeginningYearBalanceAmt
Contributions$7,655ContributionsAmt
Investment Earnings Or Losses$22,742InvestmentEarningsOrLossesAmt
Administrative Expenses$27,453AdministrativeExpensesAmt
End Year Balance$2,295,235EndYearBalanceAmt
FieldValueIRS element (for citing)
Board Designated Balance EOY0.00000BoardDesignatedBalanceEOYPct
Prmnnt Endowment Balance EOY0.83000PrmnntEndowmentBalanceEOYPct
Term Endowment Balance EOY0.17000TermEndowmentBalanceEOYPct
Endowments Held Unrelated Org0EndowmentsHeldUnrelatedOrgInd
Endowments Held Related Org0EndowmentsHeldRelatedOrgInd
Total Book Value Land Buildings$0TotalBookValueLandBuildingsAmt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART V, LINE 4:FormAndLineReferenceDesc
ExplanationPERMANENTLY RESTRICTED NET ASSETS REPRESENT ENDOWMENT CORPUS, WHICH PROVIDES INVESTMENT INCOME PRINCIPALLY FOR STUDENT SCHOLARSHIPS. TEMPORARILY RESTRICTED NET ASSETS WERE PRIMARILY USED FOR STUDENT SCHOLARSHIPS. THE COLLEGE IS IN THE PROCESS OF TRANSFERRING/DONATING ITS ENDOWMENT FUNDS TO OTHER SCHOOLS AND IS WORKING WITH THE NEW YORK STATE ATTORNEY GENERAL'S OFFICE TO COMPLY WITH ALL GUIDELINES.ExplanationTxt

Schedule E IRS990ScheduleE

FieldValueIRS element (for citing)
Nondiscriminatory Policy StmtYes (1)NondiscriminatoryPolicyStmtInd
Policy Stmt In Brochures EtcYes (1)PolicyStmtInBrochuresEtcInd
Plcy Pblczd Via Broadcast Media0PlcyPblczdViaBroadcastMediaInd
Maintain Racial Comp RecsYes (1)MaintainRacialCompRecsInd
Maintain Scholarships RecsYes (1)MaintainScholarshipsRecsInd
Maintain Cpy Of Brochures EtcYes (1)MaintainCpyOfBrochuresEtcInd
Maintain Cpy Of All SolYes (1)MaintainCpyOfAllSolInd
Discriminate Race Stdnts Rghts0DiscriminateRaceStdntsRghtsInd
Discriminate Race Admiss Plcy0DiscriminateRaceAdmissPlcyInd
Discriminate Race Emplm Fculty0DiscriminateRaceEmplmFcultyInd
Discriminate Race Schs0DiscriminateRaceSchsInd
Discriminate Race Educ Plcy0DiscriminateRaceEducPlcyInd
Discriminate Race Use Of Fclts0DiscriminateRaceUseOfFcltsInd
Discriminate Race Athlt Prog0DiscriminateRaceAthltProgInd
Discriminate Race Other Acty0DiscriminateRaceOtherActyInd
Government Financial Aid Rcvd0GovernmentFinancialAidRcvdInd
Government Financial Aid Rvkd0GovernmentFinancialAidRvkdInd
Compliance With Rev Proc7550Yes (1)ComplianceWithRevProc7550Ind

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceSCHEDULE E, PART I, LINE 3FormAndLineReferenceDesc
ExplanationTHE SCHOOL HAS BEEN CLOSED SINCE LATE SUMMER, 2016; NON-OPERATING ENTITY; NO CATALOG AND NO ADVERTISEMENTS.ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (7 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 1THE DEBTOR'S PLAN OF LIQUIDATION WENT EFFECTIVE 1/14/19. IN ACCORDANCE WITH THE PLAN, APPROVED BY THE BANKRUPTCY COURT, THE BOARD WAS RELIEVED OF THEIR DUTIES. THERE IS NO BOARD AS OF 1/14/19; ONLY A PLAN ADMINISTRATOR.
FORM 990, PART VI, SECTION A, LINE 3SEE NOTE IN FORM 990, PART VI, SECTION B, LINE 11B
FORM 990, PART VI, SECTION B, LINE 11BON SEPTEMBER 21, 2018, THE DEBTOR FILED ITS PLAN OF LIQUIDATION (THE "PLAN") AND DISCLOSURE STATEMENT WITH THE COURT [DKT 604, 605]. ON DECEMBER 20, 2018 AN ORDER WAS ENTERED [DKT 662] CONFIRMING THE DEBTOR'S CHAPTER 11 PLAN OF LIQUIDATION. (THE "CONFIRMATION ORDER") ON JANUARY 14, 2019, THE DEBTOR FILED NOTICE WITH THE COURT, THAT PURSUANT TO THE CONFIRMATION ORDER, IT CERTIFIED AND GAVE NOTICE THAT THE PLAN BECAME EFFECTIVE IN ACCORDANCE WITH ITS TERMS AND THE EFFECTIVE DATE OCCURRED ON JANUARY 14, 2019 [DKT 671]. UPON THE EFFECTIVE DATE OF THE PLAN, THE OFFICERS OF THE COLLEGE AND THE COLLEGE'S BOARD OF TRUSTEES WERE RELIEVED OF THEIR DUTIES AND A PLAN ADMINISTRATOR WAS APPOINTED. MR. ROSENFELD, IN HIS CAPACITY AS PLAN ADMINISTRATOR WAS AUTHORIZED TO, AMONG OTHER DUTIES, OVERSEE THE FILING OF TAX RELATED FILINGS, AUDITS AND OTHER CORPORATE DISSOLUTION DOCUMENTS IF REQUIRED; AND HAVE AUTHORITY TO SIGN TAX RETURNS ON BEHALF OF THE DEBTOR AND BE RESPONSIBLE PARTY FOR SPEAKING WITH THE TAXING AUTHORITIES.
FORM 990, PART VI, SECTION B, LINE 12CDOWLING COLLEGE REQUIRED ALL EMPLOYEES AND BOARD OF TRUSTEES TO COMPLETE ANNUALLY A CONFLICT OF INTEREST DISCLOSURE FORM WHICH WAS DESIGNED TO PROVIDE A MECHANISM TO INSURE THAT THE COLLEGE WAS AWARE OF ANY POTENTIAL CONFLICTS OF INTEREST AS WELL.
FORM 990, PART VI, SECTION C, LINE 19THE COLLEGE'S 990 AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICIES ARE NOT MADE AVAILABLE TO THE PUBLIC.
FORM 990, PART XI, LINE 9:TRANSFER TO CREDITORS TRUST 23,563,718.
BANKRUPTCY STATEMENTON NOVEMBER 29, 2016 (THE "PETITION DATE"), THE ENTITY FILED FOR PROTECTION FROM ITS CREDITORS UNDER CHAPTER 11, OF THE U.S. BANKRUPTCY CODE (CASE NO. 16-75545 (REG)) (THE "DEBTOR") IN THE EASTERN DISTRICT OF NEW YORK. THE DEBTOR HAS BEEN WINDING DOWN ITS OPERATIONS AND HAS SIGNIFICANTLY REDUCED ITS STAFF AND RESOURCES. AS A RESULT, MANY OF THE DEBTOR'S REPORTING AND ACCOUNTING FUNCTIONS HAVE BEEN SIGNIFICANTLY DISRUPTED AND DELAYED. ACCORDINGLY, THE DEBTOR HAS NOT RECEIVED OR FULLY ANALYZED ALL OF THE POTENTIAL SOURCES OF THE INFORMATION REQUIRED IN SUPPORT OF THE INFORMATION PROVIDED HEREIN. WHILE DEBTOR'S MANAGEMENT HAS MADE REASONABLE EFFORTS TO ENSURE THAT THE RETURN IS ACCURATE AND COMPLETE, BASED UPON INFORMATION THAT WAS AVAILABLE TO THEM AT THE TIME OF PREPARATION, SUBSEQUENT INFORMATION MAY RESULT IN MATERIAL CHANGES TO THE ENCLOSED INFORMATION. THE INFORMATION PROVIDED WAS INTENDED TO FULFILL THE DEBTOR'S OBLIGATION AND WE MAKE NO ASSERTION AS TO THE ACCURACY OR COMPLETENESS OF SUCH INFORMATION. MOREOVER, BECAUSE THE RETURN CONTAINS UNAUDITED INFORMATION, WHICH IS SUBJECT TO FURTHER REVIEW AND POTENTIAL ADJUSTMENT, THERE CAN BE NO ASSURANCE THAT THIS INFORMATION IS COMPLETE. THE DEBTOR RESERVES ALL RIGHTS TO AMEND THIS RETURN, AS MAY BE NECESSARY OR APPROPRIATE. SINCE THE DEBTOR IS CURRENTLY IN A BANKRUPTCY PROCEEDING, ALL AMOUNTS REPORTED ON THE RETURN ARE SUBJECT TO THE ULTIMATE REALIZATION OF ASSETS RECOVERED THROUGH THE LIQUIDATION PROCESS AND LIABILITIES AUTHORIZED TO BE PAID PURSUANT TO THE ORDER OF THE COURT AND SUFFICIENT FUNDS RECOVERED FOR THE BANKRUPTCY ESTATE.

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