2020-05-15T16:05:48-05:00 2019-06-30 113518842 MARKS PANETH LLP 685 THIRD AVENUE NEW YORK NY 10017 990 2018-07-01 131967321 MERCY COLLEGE MERC 9144552650 555 BROADWAY DOBBS FERRY NY 10522 BRETT M CARROLL VP FOR FINANCE & CFO AND TREASURER 9144552650 2020-05-15 1 MAGDALENA M CZERNIAWSKI P00535099 2125038800 2020-05-15 100.1.21.12 2020-05-15 13:44:02 ED P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 E99CEA45C307B5E011B655275064C3D25F8033D4 2018 2020-11-06 18:47:13Z BRETT M CARROLL 555 BROADWAY DOBBS FERRY NY 10522 277863389 0 X WWW.MERCY.EDU X 1950 NY EDUCATE STUDENTS IN LIBERAL ARTS, SCIENCES, BUSINESS, EDUCATION AND PROFESSIONAL PROGRAMS. 18 17 2360 17 0 0 8467565 9043915 162235224 157978123 7335366 4136438 1093113 3268439 179131268 174426915 32074111 32651163 0 0 72476596 75792828 103406 12568 1561493 64232383 63302585 168886496 171759144 10244772 2667771 400802892 403314865 80659850 73122157 320143042 330192708 X MERCY COLLEGE IS COMMITTED TO PROVIDING MOTIVATED STUDENTS THE OPPORTUNITY TO TRANSFORM THEIR LIVES THROUGH HIGHER EDUCATION BY OFFERING LIBERAL ARTS AND PROFESSIONAL PROGRAMS IN PERSONALIZED AND HIGH QUALITY LEARNING ENVIRONMENTS, THUS PREPARING (SEE SCHEDULE O) STUDENTS TO EMBARK ON REWARDING CAREERS, TO CONTINUE LEARNING THROUGHOUT THEIR LIVES AND TO ACT ETHICALLY AND RESPONSIBLY IN A CHANGING WORLD. 0 0 137085757 32651163 161130800 MERCY COLLEGE IS A COMPREHENSIVE COLLEGE OFFERING BOTH UNDERGRADUATE AND GRADUATE DEGREES TO OVER 9,500 STUDENTS. THE COLLEGE HAS FOUR CAMPUS LOCATIONS IN AND AROUND NEW YORK CITY AND ALSO OFFERS COURSES THROUGH THE INTERNET. STUDENTS ARE PRIMARILY FROM THE NEW YORK METROPOLITAN AREA. 137085757 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 1 1 0 1 0 0 0 0 1 1 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 439 0 1 2360 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 18 17 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X NARDA A ROMERO CONTROLLER AND ASSISTANT TREASURER 9146747841 555 BROADWAY DOBBS FERRY NY 10522 ALEX FERRARI TRUSTEE 1.00 X 0 0 0 BRUCE J HABER CHAIRMAN 1.00 X X 0 0 0 DAVID B JONES VICE CHAIRMAN 1.00 X X 0 0 0 DAVID L JOHNSON TRUSTEE 1.00 X 0 0 0 EDWARD B DUNN TRUSTEE 1.00 X 0 0 0 GARY BERNSTEIN TRUSTEE 1.00 X 0 0 0 GREGORY H WILLIAMS TRUSTEE 1.00 X 0 0 0 JAMES GARITO TRUSTEE 1.00 X 0 0 0 JAMES M MCCORMICK VICE CHAIRMAN 1.00 X X 0 0 0 JOHN R THOMPSON TRUSTEE 1.00 X 0 0 0 JOSEPH GANTZ VICE CHAIRMAN 1.00 X X 0 0 0 JOSEPH P CARLUCCI ESQ VICE CHAIRMAN 1.00 X X 0 0 0 MICHELE A QUIROLO TRUSTEE 1.00 X 0 0 0 NOWLAN MACDONNELL ULSCH TRUSTEE 1.00 X 0 0 0 PATRICIA BLACKMAR TRUSTEE 1.00 X 0 0 0 SARAH A O'CONNOR TRUSTEE 1.00 X 0 0 0 TIMOTHY L HALL PRESIDENT 40.00 X X 639207 0 194490 WILLIAM M MOONEY JR TRUSTEE 1.00 X 0 0 0 DONALD B AUNGST VP CHIEF FIN & PLANNING OF 40.00 X 384664 0 46303 IRENE BUCKLEY CHIEF OF STAFF/SECRETARY 40.00 X 256726 0 32360 NARDA ROMERO CONTROLLER & ASST. TREASUR 40.00 X 199071 0 17489 ADAM CASTRO VP ADMISSIONS 40.00 X 251191 0 20415 JOSE HERRERA PROVOST 40.00 X 331659 0 50097 THOMAS SIMMONDS VP, OPERATIONS & FACILITIE 40.00 X 277546 0 63661 BERNADETTE WADE CHIEF ADVANCEMENT OFFICER 40.00 X 222480 0 19241 BRIAN JOHNSON VP MANHATTAN CAMPUS 40.00 X 261648 0 22174 KEVIN JOYCE VP STUDENT AFFAIRS 40.00 X 236064 0 53861 LLOYD GIBSON DEAN OF THE SOFB 40.00 X 215537 0 40811 MARGARET M MCGRAIL VP STUDENT SERVICES 40.00 X 231830 0 55359 3507623 0 616261 114 0 1 0 ELLUCIAN COMPANY LP 62590 COLLECTIONS CENTER DRIVE CHICAGO IL 60693 INFORMATION TECHNOLOGY 4704181 LESSINGS 3500 SUNRISE HWY SUITE 100 GREAT RIVER NY 11739 HOSPITALITY 3293443 PAVARINI NORTH EAST CONSTRUCTION CO LLC 30 OAK ST STAMFORD CT 06905 CONSTRUCTION 1991197 EMBLEMHEALTH SERVICES COMPANY LLC 1 FINANCIAL SQUARE NEW YORK NY 10005 ADMINISTRATIVE SERVICES 1315300 FOLLETT HIGHER EDUCATION GP 3 WESTBROOK COPORATE CENTER SUITE WESTCHEST ER IL 60154 EDUCATION MATERIALS 712712 47 548707 6745797 1749411 179819 9043915 GROSS TUITION & FEES 900099 147717744 147717744 ROOM AND BOARD 721310 9888345 9888345 AUXILIARY INCOME 900099 231411 231411 NON TUITION REVENUE 900099 140623 140623 157978123 2099063 2099063 12104 12104 186607 0 186607 186607 186607 105318607 103281232 2037375 2037375 2037375 68205 548707 150242 -82037 -82037 16192 5000 11192 11192 PRIOR YEAR RECOVERIES 900099 2701588 2701588 OTHER 900099 376765 376765 NON OPERATING REVENUE 900099 62220 62220 3140573 174426915 161118696 0 4264304 32651163 32651163 2654326 2654326 56029557 49828259 5281734 919564 3129763 2560875 511210 57678 9162506 7345810 1651249 165447 4816676 3755752 976334 84590 10894923 4530654 6241168 123101 732857 732857 235997 235997 12568 12568 962690 962690 1918112 1214265 703847 4127294 4005243 122051 3019483 1944886 1018716 55881 1697255 1113836 583419 12743922 11515313 1227116 1493 1053586 703134 347767 2685 482863 322250 159383 1230 2221423 2020604 200819 8837665 8146560 691105 881991 881991 UBTI 163269 105163 55295 2811 STUDENT FOOD SERVICES 2597089 2597089 MAINTENANCE 2534188 2310618 221971 1599 SUPPLIES AND SERVICES 2141421 1405463 735958 6056557 3014063 3031699 10795 171759144 137085757 33111894 1561493 7399673 10208743 6476629 4107642 1149563 1770642 5708026 4836737 375613 414677 3153106 1917974 184501230 73586776 104741473 110914454 184160318 169452580 85213572 97904089 2424919 1787327 400802892 403314865 15112228 10831457 6099669 5195466 49600371 48189478 9847582 8905756 80659850 73122157 X 309777478 319528163 5839097 6138079 4526467 4526466 320143042 330192708 400802892 403314865 X 2667771 6924226 457669 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 11000 159501 X 0 245533842 717818 10526436 99292 927541 255751263 224444449 5322717 16853363 88819 997868 245533842 192479137 5247138 27433879 96691 619014 224444449 193535022 5319538 -5611632 75650 688141 192479137 147765416 42655006 3678834 60044 504190 193535022 0.97050 0.01990 0.00960 0 0 12827324 12827324 115863015 29402185 86460830 17564374 17017973 546401 35093751 27166618 7927133 3152766 3152766 110914454 LIMITED PARTNERSHIP INTERESTS 20526869 F HEDGE FUNDS 77377220 F 97904089 ADVANCES FROM FEDERAL GOVERNMENT FOR STUDENT LOANS 1167263 CONDITIONAL ASSET RETIREMENT OBLIGATION 2471512 DEFERRED RENT 5266981 8905756 X 148350199 6924226 -32038252 -25114026 173464225 962690 962690 174426915 138300533 155242 155242 138145291 962690 32651163 33613853 171759144 PART V, LINE 4: PERMANENTLY RESTRICTED NET ASSETS ARE RESTRICTED TO INVESTMENT IN PERPETUITY WITH INVESTMENT RETURN PRINCIPALLY AVAILABLE FOR SCHOLARSHIPS. PART X, LINE 2: THE COLLEGE BELIEVES IT HAS NO UNCERTAIN TAX POSITIONS AS OF JUNE 30, 2019 AND 2018 IN ACCORDANCE WITH ACCOUNTING STANDARDS CODIFICATION ("ASC") TOPIC 740, "INCOME TAXES," WHICH PROVIDES STANDARDS FOR ESTABLISHING AND CLASSIFYING ANY TAX PROVISIONS FOR UNCERTAIN TAX POSITIONS. PART XI, LINE 2D - OTHER ADJUSTMENTS: GAIN ON INTEREST RATE SWAPS 457,669. SCHOLARSHIPS -32,651,163. SPECIAL EVENT FUNDRAISING DIRECT EXPENSES 155,242. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT FUNDRAISING DIRECT EXPENSES 155,242. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS 32,651,163. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 MERCY COLLEGE HAS PUBLICIZED ITS RACIALLY NONDISCRIMINATORY POLICY THROUGH NEWSPAPER AND/OR BROADCAST MEDIA DURING THE PERIOD OF SOLICITATION IN A WAY THAT MADE THE POLICY KNOWN TO ALL PARTS OF THE GENERAL COMMUNITY IT SERVES. THE COLLEGE IS RECOGNIZED AS A MINORITY SERVING INSTITUTION. SCHEDULE E, PART I, LINE 6 MERCY COLLEGE RECEIVES FUNDS FROM OR PERFORMS ADMINISTRATIVE DUTIES FOR VARIOUS FEDERAL AND STATE GOVERNMENTAL AGENCIES UNDER THEIR RESPECTIVE STUDENT FINANCIAL AID ASSISTANCE PROGRAMS. FEDERAL PROGRAMS INCLUDE THE PELL GRANT PROGRAM, SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANT (SEOG) PROGRAM, COLLEGE WORK STUDY (CWS) PROGRAM AND VARIOUS LOAN PROGRAMS. X X X X X X X 1 CHARITY BUZZ 437 FIFTH AVENUE 11TH FLOOR NEW YORK NY 10016 ONLINE AUCTION 1 32401 7128 25273 GRANDSTAND SPORTS AND MEMORABILIA 148 MADISON AVENUE 14 NEW YORK NY 10016 ONLINE AUCTION 1 6750 5440 1310 39151 12568 26583 NY TRUSTEES DINNER 511766 478071 33695 57499 6838 28185 GOLF TOURNAMENT 89186 61561 27625 30141 10485 1 15960 9075 6885 10590 2150 4354 616912 548707 68205 98230 8988 43024 150242 -82037 16192 5000 0 16192 5000 5000 11192 0 0 0 0 0 0 1 SCHOLARSHIPS 4768 28911643 INSTITUTIONAL AID DISCOUNTS AND EXPENDITURES 1105 3739520 INSTITUTIONAL DISCOUNTS SCHEDULE I, PART III SCHOLARSHIPS AND DISCOUNTS ARE BASED ON ACADEMIC PERFORMANCE AND FINANCIAL NEED, AND ARE GIVEN TO CURRENT SCHOLARS. THEY ARE ADMINISTERED BY THE OFFICES OF ADMISSIONS AND STUDENT SERVICES. X 0 0 X X 0 0 0 0 0 0 0 1 0 TIMOTHY L HALL PRESIDENT 525154 0 85000 0 29053 0 25000 0 169490 0 833697 0 0 0 DONALD B AUNGST VP CHIEF FIN & PLANNING OF 358822 0 25000 0 842 0 18316 0 27987 0 430967 0 0 0 IRENE BUCKLEY CHIEF OF STAFF/SECRETARY 230538 0 25000 0 1188 0 21030 0 11330 0 289086 0 0 0 NARDA ROMERO CONTROLLER & ASST. TREASUR 193657 0 5000 0 414 0 17489 0 0 0 216560 0 0 0 ADAM CASTRO VP ADMISSIONS 226831 0 20000 0 4360 0 20415 0 0 0 271606 0 0 0 JOSE HERRERA PROVOST 301245 0 30000 0 414 0 25000 0 25097 0 381756 0 0 0 THOMAS SIMMONDS VP, OPERATIONS & FACILITIE 249042 0 25000 0 3504 0 23767 0 39894 0 341207 0 0 0 BERNADETTE WADE CHIEF ADVANCEMENT OFFICER 213792 0 7500 0 1188 0 19241 0 0 0 241721 0 0 0 BRIAN JOHNSON VP MANHATTAN CAMPUS 246378 0 15000 0 270 0 22174 0 0 0 283822 0 0 0 KEVIN JOYCE VP STUDENT AFFAIRS 219876 0 15000 0 1188 0 20140 0 33721 0 289925 0 0 0 LLOYD GIBSON DEAN OF THE SOFB 214547 0 0 0 990 0 19454 0 21357 0 256348 0 0 0 MARGARET M MCGRAIL VP STUDENT SERVICES 216416 0 15000 0 414 0 21638 0 33721 0 287189 0 0 0 PART I, LINE 1A TIMOTHY L. HALL RECEIVED HOUSING IN THE AMOUNT OF $144,000 WHICH IS INCLUDEN IN SCHEDULE J, PART II, COLUMN (D) PART I, LINE 7 BONUSES ARE APPROVED BY THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES. A NEW YORK CITY INDUSTRIAL DEVELOPMENT AGENCY 132906040 64971C450 2005-05-01 16220000 REFINANCING OF DEBT 0 0 0 B WESTCHESTER INDUSTRIAL DEVELOPMENT AGENCY 521294265 957368GJ6 2005-05-01 10140000 REFINANCING OF DEBT 0 0 0 C DOBBS FERRY LOCAL DEVELOPMENT CORPORATION 800668125 256048AA7 2014-07-31 8255000 INFRASTRUCTURE IMPROVEMENTS 0 0 0 D DOBBS FERRY LOCAL DEVELOPMENT CORPORATION 800668125 256048AB5 2014-07-31 12565000 INFRASTRUCTURE IMPROVEMENTS 0 0 0 A 7880000 16220000 948848 15271152 2005 0 0 0 1 B 7975000 10140000 696128 9443872 2005 0 0 0 1 C 8255000 135214 8119786 2015 0 0 0 1 D 12565000 205810 12359190 2015 0 0 0 1 A 0 0 0 0 0 0 1 B 0 0 0 0 0 0 1 C 0 0 0 0 0 0 1 D 0 0 0 0 0 0 1 A 0 0 0 1 1 0 0 0 1 B 0 0 0 1 1 0 0 0 1 C 0 0 0 1 1 0 0 0 1 D 0 0 0 1 1 0 0 0 1 A 1 B 1 C 1 D 1 A DOBBS FERRY LOCAL DEVELOPMENT CORPORATION 800668125 256048AC3 2014-07-31 16035000 INFRASTRUCTURE IMPROVEMENTS 0 0 0 A 16035000 262647 15772353 2015 0 0 0 1 A 0 0 0 0 0 0 1 A 0 0 0 1 1 0 0 0 1 A 1 X 1 11000 APPRAISAL X 11745 FAIR MARKET VALUE X 5 146950 FAIR MARKET VALUE X 30 7892 FAIR MARKET VALUE X EVENTS, SHOWS, GOLF OUTINGS 31 13232 FAIR MARKET VALUE 0 1 1 PART I, COLUMN (B): THE NUMBER IN COLUMB (B) REPRESENTS THE NUMBER OF CONTRIBUTORS. PART I, LINE 32B: MERCY COLLEGE USES CHARITY BUZZ AND GRAND STAND SPORTS, ONLINE AUCTION SERVICE, TO AUCTION DONATED GOODS. FORM 990, PART VI, SECTION B, LINE 11B AN INDEPENDENT ACCOUNTANT PREPARES THE FORM AND SENIOR MANAGEMENT REVIEWS THE FORM 990 AND IT IS THEN PROVIDED TO THE BOARD OF TRUSTEES PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY, BOARD OF TRUSTEES, OFFICERS, AND TOP MANAGEMENT OFFICIALS ARE REQUIRED TO SIGN THE CONFLICT OF INTEREST POLICY AND DISCLOSE INTERESTS THAT COULD GIVE RISE TO CONFLICT. FORM 990, PART VI, SECTION B, LINE 15A WHEN DETERMINING THE COMPENSATION OF THE ORGANIZATION'S PRESIDENT, THE ORGANIZATION TYPICALLY CONSULTS PUBLIC INFORMATION DERIVED FROM THE ANNUAL REPORT ISSUED BY THE CHRONICLE OF HIGHER EDUCATION AND THEN SENDS TO THE BOARD OF TRUSTEES FOR APPROVAL. RECOMMENDATIONS ARE MADE TO THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES TO REVIEW AND APPROVE THE SALARIES OF THE PRESIDENT'S DIRECT REPORTS, INCLUDING OFFICERS AND KEY EMPLOYEES OF THE COLLEGE. FORM 990, PART VI, SECTION C, LINE 19 MERCY COLLEGE MAKES ITS GOVERNING DOCUMENTS (BY-LAWS), CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: GAIN ON INTEREST RATE SWAPS 457,669. FORM 990, PART XII, LINE 2C: THE PROCESS OF OVERSEEING THE AUDIT AND SELECTION OF INDEPENDENT ACCOUNTANT HAS NOT BEEN CHANGED FROM THE PRIOR YEAR.