2019-04-15T12:26:24-07:00 2018-05-31 990 2017-06-01 060653264 CULINARY INSTITUTE OF AMERICA CULI 8454511478 1946 CAMPUS DRIVE HYDE PARK NY 12538 MARIA KRUPIN VP-FINANCE & ADMINISTRATION 8454511478 2019-04-12 209.203.176.20 2017 2019-02-21 02:37:17Z LAWRENCE T RYAN 1946 CAMPUS DRIVE HYDE PARK NY 12538 173306357 0 X WWW.CIACHEF.EDU X 1946 NY THE CULINARY INSTITUTE OF AMERICA IS A PRIVATE, NOT-FOR-PROFIT COLLEGE DEDICATED TO PROVIDING THE WORLD'S BEST PROFESSIONAL CULINARY EDUCATION. EXCELLENCE, LEADERSHIP, PROFESSIONALISM, ETHICS, AND RESPECT FOR DIVERSITY ARE THE CORE VALUES THAT GUIDE OUR EFFORTS. WE TEACH OUR STUDENTS THE GENERAL KNOWLEDGE AND SPECIFIC SKILLS NECESSARY TO LIVE SUCCESSFUL LIVES AND TO GROW INTO POSITIONS OF INFLUENCE AND LEADERSHIP IN THEIR CHOSEN PROFESSION. 25 25 1110 25 -108602 -4747255 13083085 15864278 160426645 155268062 -440884 343908 353387 581587 173422233 172057835 28836803 29113406 0 0 75410585 75285877 0 0 2003126 66906030 69317612 171153418 173716895 2268815 -1659060 463656587 471386319 188498159 185280226 275158428 286106093 THE CULINARY INSTITUTE OF AMERICA IS A PRIVATE, NOT-FOR-PROFIT COLLEGE DEDICATED TO PROVIDING THE WORLD'S BEST PROFESSIONAL CULINARY EDUCATION. EXCELLENCE, LEADERSHIP, PROFESSIONALISM, ETHICS, AND RESPECT FOR DIVERSITY ARE THE CORE VALUES THAT GUIDE OUR EFFORTS. 0 0 144443395 29113406 155791457 THE CULINARY INSTITUTE OF AMERICA (CIA) IS WIDELY RECOGNIZED AS THE WORLD'S PREMIER CULINARY COLLEGE DEDICATED TO DRIVING LEADERSHIP DEVELOPMENT FOR THE FOOD SERVICE AND HOSPITALITY INDUSTRY. THE CIA WAS FOUNDED IN 1946 AND HAS ENJOYED A DISTINCTIVE AND SUCCESSFUL HISTORY CHARACTERIZED BY RAPID EXPANSION IN ITS 72 YEARS OF SERVICE. TODAY MORE THAN 3200 STUDENTS REPRESENTING EVERY STATE AND MORE THAN 40 COUNTRIES ARE ENROLLED IN DEGREE PROGRAMS. THE CIA OFFERS ASSOCIATE DEGREES IN CULINARY ARTS AND BAKING AND PASTRY ARTS; AND BACHELOR DEGREE MAJORS IN BUSINESS ADMINISTRATION IN FOOD BUSINESS MANAGEMENT, HOSPITALITY MANAGEMENT, CULINARY SCIENCE, APPLIED FOOD STUDIES, AND A BACHELOR'S OF PROFESSIONAL STUDIES OFFERED THROUGH THE DEGREE COMPLETION PROGRAM. THE CURRICULA FOR BOTH THE ASSOCIATE AND BACHELOR'S DEGREE INCLUDE A REQUIRED INTERNSHIP THAT PROVIDES REAL-WORLD EXPERIENCE AT TOP RESTAURANTS, HOTELS, RESORTS AND OTHER FOOD SERVICE COMPANIES. STUDENTS MAY ALSO OPT TO PARTICIPATE IN AN OVERSEAS TRAVEL EXPERIENCE IN ITALY, SPAIN, FRANCE, PERU, CHINA, OR TAKE PART IN AN IMMERSIVE, COLLABORATIVE LEARNING EXPERIENCE AND PROJECT DURING A FOCUS'S CONCENTRATIONS IN WINES, FARM-TO-TABLE OR ENTREPRENEURSHIP. THE CIA OFFERS AN ON-LINE MASTER'S DEGREE IN FOOD BUSINESS AS WELL AS GRADUATE CERTIFICATES IN CULINARY ARTS AND WINE AND BEVERAGE. CONFERENCES AND CONSULTING SERVICES HAVE MADE THE CIA THE "THINK TANK" OF THE FOOD SERVICE INDUSTRY IN AREAS OF HEALTH AND WELLNESS, SUSTAINABILITY, WORLD CUISINE AND CULTURES AND PROFESSIONAL EXCELLENCE AND INNOVATION. THE CIA CONSULTING GROUP TAILORS' PROGRAMS FOR THE FOOD SERVICE INDUSTRY AND THE MILITARY IN RESEARCH AND DEVELOPMENT, FLAVOR EXPLORATION, PRODUCT TESTING, TRAINING AS WELL AS PROCHEF (R) CERTIFICATION. THE CIA LEADERSHIP PROGRAMS, SPEARHEADED BY THE CIA STRATEGIC INITIATIVES GROUP, HELP FOOD SERVICE PROFESSIONALS LEARN MORE ABOUT THE NEXT WAVE OF CHANGE. CONFERENCES AND LEADERSHIP RETREATS FOCUS ON TOPICS AND TRENDS CRUCIAL TO THE FOOD SERVICE INDUSTRY INCLUDING FLAVOR DEVELOPMENT, HEALTH AND WELLNESS, NUTRITION SCIENCE, VOLUME FOOD SERVICE MENU R&D AND COLLABORATION BETWEEN PRODUCTION AGRICULTURE AND VOLUME FOOD SERVICE. THE CIA ALSO OFFERS PROGRAM COURSES FOR PROFESSIONAL AND FOOD ENTHUSIASTS TAUGHT BY EXPERT INSTRUCTORS THESE CLASSES ARE DESIGNED TO HELP FOOD ENTHUSIAST GROW THEIR KNOWLEDGE AND GAIN CONFIDENCE BY OFFERING INTENSIVE BOOT CAMPS, HANDS-ON COOKING CLASSES, WINE AND BEVERAGE CLASSES, AND CHEF DEMONSTRATIONS. THE CIA HAS CAMPUSES IN HYDE PARK, NEW YORK, ST. HELENA AND NAPA, CALIFORNIA, SAN ANTONIO, TEXAS AND SINGAPORE. 0 0 0 144443395 1 1 0 1 0 0 1 1 0 1 1 1 0 1 1 1 0 1 1 1 1 0 1 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 0 0 1 318 0 1 1110 1 1 1 1 SN 0 0 0 1 1 0 0 0 0 X 25 25 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 CA NY TX X JOSEPH SORRENTINO 8454511376 1946 CAMPUS DRIVE HYDE PARK NY 12538 ALICE ELIOT TRUSTEE 1.15 0 X 0 0 0 ELIZABETH BLAU TRUSTEE 1.15 0 X 0 0 0 HAROLD O ROSSER TRUSTEE 1.15 0 X 0 0 0 JOEL M SPIRO TRUSTEE 1.15 0 X 0 0 0 JOHN C METZ TRUSTEE 1.15 0 X 0 0 0 JON LUTHER TRUSTEE 1.15 0 X 0 0 0 SHEP GORDON TRUSTEE 1.15 0 X 0 0 0 LORI DANIEL TREASURER 1.15 0 X 0 0 0 LORNA DONATONE TRUSTEE 1.15 0 X 0 0 0 MARK SARAZIN TRUSTEE 1.15 0 X 0 0 0 MICHAEL MINA TRUSTEE 1.15 0 X 0 0 0 STEVE RUSHMORE TRUSTEE 1.15 0 X 0 0 0 PHILIP JONES TRUSTEE 1.15 0 X 0 0 0 RALPH BRENNAN TRUSTEE 1.15 0 X 0 0 0 RAYMOND BICKSON TRUSTEE 1.15 0 X 0 0 0 RICHARD MAZER CHAIRMAN 1.15 0 X 0 0 0 NOAH GLASS TRUSTEE 1.15 0 X 0 0 0 ROBERT MUH VICE CHAIRMAN 1.15 0 X 0 0 0 STEVE ROMANIELLO TRUSTEE 1.15 0 X 0 0 0 TED RICH TRUSTEE 1.15 0 X 0 0 0 THOMAS KELLER TRUSTEE 1.15 0 X 0 0 0 STANLEY CHENG TRUSTEE 1.15 0 X 0 0 0 ROY YAMAGUCHI SECRETARY 1.15 0 X 0 0 0 CHERYL HENRY TRUSTEE 1.15 0 X 0 0 0 BOB UNANUE TRUSTEE 1.15 0 X 0 0 0 TIM CURCI TERM ENDS 10-2017 TRUSTEE 1.15 0 X 0 0 0 LORNA DONATONE TERM ENDS 10-2017 TRUSTEE 1.15 0 X 0 0 0 JOSEPH WENDER TERM ENDS 10-2017 TRUSTEE 1.15 0 X 0 0 0 LAWRENCE T RYAN PRESIDENT 40 0 X 719035 0 195431 MARK ERICKSON PROVOST 40 0 X 415522 0 101746 JACKIE NEALON VICE PRESIDENT-ENROLLMENT MGT AND MARKETING 40 0 X 261487 0 75615 MARIA KRUPIN VICE PRESIDENT-FINANCE & ADMINISTRATION 40 0 X 296031 0 85596 GREGORY DRESCHER VICE PRESIDENT-STRATEGIC INITIATIVES 40 0 X 261921 0 82986 KEVIN ALLAN VICE PRESIDENT-ADVANCEMENT 40 0 X 253671 0 60066 MICHAEL SPERLING VICE PRESIDENT-ACADEMIC AFFAIRS 40 0 X 256822 0 91320 RICHARD MIGNAULT VICE PRESIDENT-ADMIN. AND SHARED SERVICES 40 0 X 180953 0 26104 THOMAS BENSEL MANAGING DIRECTOR CALIFORNIA CAMPUS 40 0 X 228692 0 58771 SUSAN CUSSEN ASSOCIATE VP- BRANCH CAMPUSES 40 0 X 199857 0 43372 GENEVIEVE S FELDER MANAGING DIRECTOR OF SINGAPORE 40 0 X 410391 0 55263 KATHLEEN MERGET ASSOCIATE VP AND DEAN OF STUDENT AFFAIRS 40 0 X 193439 0 63117 WALDENESE MALOUF SENIOR DIRECTOR -FOOD AND BEVERAGE OPS 40 0 X 208532 0 52871 HERMAN TIETJEN ASSOCIATE VP- CHIEF OF STAFF 40 0 X 196155 0 63136 BRENDAN WALSH DEAN-SCHOOL OF CULINARY ARTS EDUCATION 40 0 X 178978 0 46268 VICTOR GIELISSE MANAGING DIRECTOR OF CIA CONSULTING 40 0 X 196637 0 65708 4458123 0 1167370 153 1 1 0 LCS Companies of NY 36 Cottage Street Poughkeepsie NY 12601 Custodial Services 5123032 Restaurant Associates 330 Fifth Avenue New York NY 10001 Dining Services 4919697 Wright Contracting PO Box 1270 Santa Rosa CA 95402 Construction 4817034 LCS Services of California 500 First Street Napa CA 94559 Custodial Services 2666546 Consigli Constuction NY LLC 199 West Road Suite 100 Pleasant Valley NY 12569 Construction 903648 39 0 0 1666157 0 1024146 13173975 5436490 15864278 TUITION , DORM & STUDENT FEES 611310 141111873 141111873 0 0 EDUCATIONAL SERVICES 611310 8745935 9253033 -507098 0 STUDENT MEALS INCOME 611310 1589631 1589631 0 0 BOOKSTORE 611310 800294 0 268676 531618 SPECIAL EVENTS 611310 3020329 0 -14053 3034382 0 0 0 0 155268062 70190 0 20894 49296 0 0 0 0 590522 523395 67127 0 129341 0 0 0 129341 0 129341 0 55852 73489 0 369694 0 95976 0 273718 273718 0 0 273718 308833 1666157 1152546 -843713 0 -843713 CASH DISCOUNT ON PURCHASES 900099 6716 0 0 6716 PLACEMENT FEES/CAREER WEEKS 900099 162900 0 0 162900 ALUMNI/MISCELLANEOUS INCOME 900099 535821 0 0 535821 0 0 0 0 705437 172057835 152477932 -108602 3824227 X 0 0 28328696 28328696 784710 784710 0 0 3776731 1250692 2192144 333895 0 0 0 0 53484311 43480996 9129841 873474 3098823 2511377 514127 73319 11341628 9003292 2072527 265809 3584384 2850980 645376 88028 0 0 0 0 461844 44680 417164 0 147146 0 147146 0 0 0 0 0 0 0 39663 0 39663 0 20991255 18635799 2296790 58666 1761347 640267 1121080 0 2629423 2321611 287361 20451 1325051 173671 1151380 0 0 0 0 0 5460237 4605431 852613 2193 1753299 1076553 580702 96044 0 0 0 0 94487 76363 17847 277 5641088 4944672 692686 3730 0 0 0 0 10179134 8253112 1788638 137384 838033 66038 771995 0 FOOD & BEVERAGE COSTS 9585028 9385799 198569 660 STUDENT SUPPLIES 2051981 2049240 2741 0 EQUIPMENT 1801625 1495483 305698 444 NON FOOD COST OF GOODS SOLD 1152711 1066156 61630 24925 3404260 1397777 1982656 23827 173716895 144443395 27270374 2003126 18727258 15935419 118413 8000 10077831 9243370 8463577 7296999 0 0 0 0 1885328 1217498 2752790 2670891 3072588 2924926 421171684 162123572 251742033 259048112 1620330 1689052 134504833 145136228 0 0 0 0 30691606 26215824 463656587 471386319 7208726 10049336 1794824 1253778 20533013 20312994 143571835 138513974 0 0 0 0 0 0 0 0 15389761 15150144 188498159 185280226 X 202238292 212533264 42928493 42739575 29991643 30833254 275158428 286106093 463656587 471386319 X -1659060 10865655 464664 0 0 1276406 X 0 1 X 1 1 1 X 7453446 13378101 23769836 13083085 15864278 73548746 7453446 13378101 23769836 13083085 15864278 73548746 13548746 60000000 1129757 846144 1032247 763241 790053 4561442 403107 738961 823696 401182 542535 2909481 81019669 774143528 0.74056 0.59114 X Schedule A, Part II, Line 10 OTHER INCOME PRIMARILY REPRESENTS MISCELLANEOUS STUDENT RELATED FEES SUCH AS VENDING INCOME AND OTHER SIMILAR FEES. 0 0 0 0 0 0 0 0 1 4821 4821 0 Schedule C, Part II-B, Line 1 THE INSTITUTE IS A MEMBER OF THE NATIONAL ASSOCIATION OF COLLEGE AND UNIVERSITY BUSINESS OFFICERS (NACUBO), WHICH ALLOCATES A PORTION OF THE DUES PAID TO LOBBYING ACTIVITY. TOTAL DUES PAID TO NACUBO, WAS $ 4,821 IN FY17-18. WE ARE UNABLE TO DETERMINE THE AMOUNT ALLOCATED TO LOBBYING ACTVITIES. X X 2 10 0 0 0 1 1 40 1225 1 0 0 X X 0 128542675 3645238 10254576 6160485 0 0 136282004 109620129 12034071 13308562 6420087 0 0 128542675 131235637 5865071 -6235917 6244662 15000000 0 109620129 127511912 3933428 5594949 5061149 743503 0 131235637 115130491 4474841 14000361 5340131 753650 0 127511912 0.54 0.22 0.24 0 0 0 8725418 8725418 0 315917514 90305715 225611799 0 0 0 0 0 84490313 71817857 12672456 0 12038439 0 12038439 259048112 0 0 MULTI STRATEGY FUNDS 142131218 F REAL ASSETS 552354 F PRIVATE EQUITY 1908638 F LAND & OTHER 544018 F 145136228 OTHER RECEIVABLES 1417194 DEPOSITS WITH BOND TRUSTEES 24798630 26215824 0 OTHER ACCRUED LIABILITIES 11172866 CURRENT VALUE OF DERIVATIVE 3977278 15150144 X 158137551 10865655 464664 0 -26363486 -15033167 173170718 39663 -1152546 -1112883 172057835 147143888 464664 0 0 962852 1427516 145716372 39663 27960860 28000523 173716895 Schedule D, Part II, Line 5 THE INSTITUTE HAS A WRITTEN POLICY WHICH ENSURES MAINTENANCE OF BOTH CONSERVATION EASEMENTS. THERE ARE TWO EASEMENTS, SCENIC HUDSON EASEMENT AND THE WINNAKEE EASEMENT. THE SCENIC HUDSON EASEMENT WAS CREATED TO PROTECT VIEW SHEDS FROM AND TO THE HUDSON RIVER. MAINTENANCE OF THE AREA INCLUDES MONTHLY TOURS TO INSPECT FOR GARBAGE, FIRE PITS, AND ANY OTHER DISTURBANCE TO THE PROPERTY. THE WINNAKEE EASEMENT WAS CREATED TO PROTECT WATER QUALITY. MAINTENANCE OF THESE AREAS, ALSO INCLUDE REGULAR INSPECTIONS FOR TRASH AND ANY OTHER HUMAN DISTURBANCE. WE ALSO ARE RESPONSIBLE, PER THE EASEMENT, TO REGULARLY INSPECT THE STORMWATER CONTROL FEATURES INSTALLED TO PROTECT THE WATER QUALITY. Schedule D, Part II, Line 9 THE VALUE OF THE PROPERTY, WHICH BOTH CONSERVATION EASEMENTS ARE ON, ARE INCLUDED IN THE LAND VALUE ON OUR BALANCE SHEET. COSTS ASSOCIATED WITH INSPECTING AND MAINTAINING BOTH EASEMENTS, ARE INCLUDED IN THE INSTITUTE'S OPERATING EXPENSES, ON THE REVENUE AND EXPENSE STATEMENT. Schedule D, Part III, Line 1 THERE IS NO FOOTNOTE DISCLOSURE. THE INSTITUTE IS IN THE PROCESS OF CONSTRUCTING A MUSEUM TO DISPLAY A LARGE COLLECTION WHICH WAS DONATED BY THE CHUCK WILLIAMS FOUNDATION. Schedule D, Part III, Line 4 THE INSTITUTE'S COLLECTION INCLUDES, AN ART COLLECTION RECEIVED FROM BOB GUTENSTEIN. THIS COLLECTION IS ON DISPLAY AT THE RESTAURANT ON THE COPIA CAMPUS. DURING THE FISCAL YEAR, THE INSTITUTE, BEGAN CONSTRUCTING A MUSEUM ON CALIFORNIA COPIA CAMPUS. THE MUSEUM WILL BE USED TO PUBLICLY DISPLAY, THE VARIOUS ART ITEMS RECEIVED FROM THE CHUCK WILLIAMS FOUNDATION. Schedule D, Part V, Line 4 THE INSTITUTE HAS A POLICY OF APPROPRIATING FOR DISTRIBUTION EACH YEAR A PERCENTAGE OF ITS ENDOWMENT FUND BASED ON THE FUND'S AVERAGE FAIR VALUE OVER THE PRIOR 12 QUARTERS. THE SPENDING RATE IS 5% FOR FISCAL YEAR 2017-2018. ENDOWMENT SPENDING IS PRIMARILY USED, TO FUND STUDENT SCHOLARSHIPS AND SOME OPERATING EXPENDITURES. Schedule D, Part X, Line 2 THE INSTITUTE HAS A TAX DETERMINATION LETTER DATED FEBRUARY 22, 1973, FROM THE INTERNAL REVENUE SERVICE STATING THAT IT QUALIFIES UNDER THE PROVISIONS OF SECTION 501(C) 3 OF THE INTERNAL REVENUE CODE AND IS GENERALLY EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501 (A) OF THE INTERNAL REVENUE CODE. THE INSTITUTE BELIEVES IT HAS TAKEN NO SIGNIFICANT UNCERTAIN TAX PROVISIONS Schedule D, Part XI, Line 2d SCHOLARSHIPS AND GRANTS TO STUDENTS (-29,113,406), APPRECIATION IN FAIR VALUE OF DERIVATIVE ( $1,741,070) , SINGAPORE AFFILIATE REVENUES ( $1,008,850). Schedule D, Part XI, Line 4b FUNDRAISING EXPENSES Schedule D, Part XII, Line 2d DEDUCTING EXPENSES FOR OUR SINGAPORE AFFILIATE. Schedule D, Part XII, Line 4b FUNDRAISING EXPENSES ( $ -1,152,546) , NET OF SCHOLARSHIPS AND GRANTS TO STUDENTS $ 29,113,406 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 RESPECT FOR DIVERSITY IS ONE OF THE INSTITUTE'S FIVE CORE VALUES. THE INSTITUTE'S RACIAL NONDISCRIMINATORY POLICY IS CLEARLY EXPRESSED ON ALL MATERIALS WHICH ARE USED IN THE SOLICITATION OF PROSPECTIVE STUDENTS. Schedule E, Part I, Line 6 THE INSTITUTE RECEIVES VARIOUS FEDERAL FUNDS AND STATE GRANTS TO SUBSIDIZE THE STUDENT EDUCATIONAL COSTS. 1 East Asia and the Pacific 1 3 Program Services EXPENSES FOR A CULINARY EDUCATIONAL PROGRAM IN THE COUNTRY OF SINGAPORE 1561555 Europe (including Iceland and Greenland) 0 0 Program Services INTERNATIONAL COURSES FOR STUDENTS MATRICULATED IN THE INSTITUTE'S FOUR YEAR BACHELOR'S PROGRAM STUDIES. AS PART OF THE STUDENT'S EDUCATIONAL EXPERIENCE, THEY ARE TAKEN ON A 3 WEEK TRIP TO EITHER SPAIN, ITALY, FRANCE, PERU & CHINA 456545 East Asia and the Pacific 0 0 Grantmaking SCHOLARSHIPS TO FOREIGN STUDENTS 784710 1 3 2802810 SCHOLARSHIPS TO FOREIGN STUDENTS East Asia and the Pacific 784710 BASED ON TUITION COSTS 0 0 1 1 0 0 Schedule F, Part I, Line 1 THE AWARDED SCHOLARSHIP AMOUNTS, FOR FOREIGN STUDENTS ARE CREDITED TO THE STUDENTS ACCOUNTS. THIS ENABLES THE INSTITUTE TO VERIFY THAT THE USE OF THE FUNDS ARE USED FOR EDUCATIONAL PURPOSES. Schedule F, Part I, Line 2 THE INSTITUTE IS PROVIDING ASSISTANCE TO IT'S SINGAPORE AFFILIATE, AND IT IS CONFIRMED THAT SUCH FUNDS ARE USED FOR EDUCATIONAL PURPOSES. ANNUAL GALA 1159491 1002453 157038 0 0 83008 172941 0 514694 GOLF TOURNAMENT 606451 472222 134229 0 0 49937 28284 4500 97255 10 209048 191482 17566 0 0 15188 60573 850 125316 1974990 1666157 308833 0 0 148133 261798 5350 737265 1152546 -843713 1 STUDENT SCHOLARSHIPS AND GRANTS. NUMBER OF RECIPIENTS IS ESTIMATED AS FOLLOWS; TOTAL NUMBER OF STUDENTS (2,056) X ESTIMATED PERCENTAGE OF STUDENTS WHO RECEIVE SCHOLARSHIPS AND GRANTS (96%). 1974 28328696 BASED ON TUITION COSTS Schedule I, Part I, Line 2 WHEN DETERMINING THE DISTRIBUTION OF GRANTS AND LOANS TO STUDENTS, THE CULINARY INSTITUTE OF AMERICA COMPLIES WITH THE GUIDELINES OF THE U.S. DEPT. OF EDUCATION - TITLE IV REGULATIONS, NY STATE BOARD OF REGENTS AND THE ACCREDITING COMMISSION OF CAREER SCHOOLS AND COLLEGES OF TECHNOLOGY (ACCSCT) AND MIDDLE STATES ASSOCIATION COMMISSION ON HIGHER EDUCATION. X X 1 1 X X X X 0 0 0 0 0 0 0 0 0 LAWRENCE T RYAN PRESIDENT 604354 0 0 0 114681 0 86176 0 109255 0 914466 0 65739 0 MARK ERICKSON PROVOST 370391 0 1000 0 44131 0 62750 0 38996 0 517268 0 37717 0 MARIA KRUPIN VICE PRESIDENT-FINANCE 286446 0 2000 0 7585 0 54128 0 31468 0 381627 0 24100 0 MICHAEL SPERLING VICE PRESIDENT-ACADEMIC AFFAIRS 231615 0 1000 0 24207 0 45064 0 46256 0 348142 0 0 0 GREGORY DRESCHER VICE PRESIDENT-STRATEGIC INITIATIVES 236622 0 1000 0 24299 0 46065 0 36921 0 344907 0 0 0 JACKIE NEALON VICE PRESIDENT-ENROLLMENT MGT AND MARKETING 251322 0 1000 0 9165 0 46024 0 29590 0 337101 0 23588 0 KEVIN ALLAN VICE PRESIDENT-ADVANCEMENT 252644 0 1000 0 27 0 31166 0 28900 0 313737 0 0 0 VICTOR GIELISSE VICE PRESIDENT-ADVANCEMENT/ BUS. DEVELOPMENT 194118 0 1900 0 618 0 37564 0 28143 0 262343 0 0 0 RICHARD MIGNAULT VICE PRESIDENT-ADMIN. AND SHARED SERVICES 59382 0 0 0 121572 0 10617 0 15487 0 207058 0 0 0 GENEVIEVE S FELDER MANAGING DIRECTOR OF SINGAPORE 207471 0 0 0 202920 0 16663 0 38735 0 465789 0 0 0 THOMAS BENSEL MANAGING DIRECTOR OF GREYSTONE 228494 0 0 0 198 0 20817 0 37953 0 287462 0 0 0 WALDENESE MALOUF SENIOR DIRECTOR -FOOD AND BEVERAGE OPS 181663 0 26250 0 618 0 16907 0 36098 0 261536 0 0 0 HERMAN TIETJEN ASSOCIATE VP- CHIEF OF STAFF 193690 0 1000 0 465 0 18110 0 45161 0 258426 0 0 0 KATHLEEN MERGET ASSOCIATE VP AND DEAN OF STUDENT AFFAIRS 192010 0 1000 0 429 0 17942 0 45175 0 256556 0 0 0 SUSAN CUSSEN ASSOCIATE VP- BRANCH CAMPUSES 197789 0 1000 0 69 0 18520 0 24845 0 242223 0 0 0 BRENDAN WALSH DEAN-SCHOOL OF CULINARY ARTS EDUCATION 178461 0 0 0 516 0 16539 0 29728 0 225244 0 0 0 Schedule J, Part I, Line 1a THE PRESIDENT IS PROVIDED WITH RESIDENTIAL HOUSING ON CAMPUS, FOR THE CONVENIENCE OF THE COLLEGE. THE ESTIMATED FAIR VALUE OF THE HOUSING IS INCLUDED ON SCHEDULE J AS A NONTAXABLE BENEFIT. AN INDEPENDENT CONTRACTOR IS USED TO MAINTAIN AND CLEAN THE PRESIDENTS RESIDENCE, WHICH IS INSTITUTE PROPERTY. Schedule J, Part I, Line 3 THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES HAS THE OVERALL RESPONSIBILITY FOR THE COMPENSATION REVIEW OF THE PRESIDENT. AN ANNUAL REVIEW IS BASED ON FOUR FACTORS, SUMMATIVE PERFORMANCE APPRAISAL, ACHIEVEMENT OF ANNUAL GOALS, MARKET ANALYSIS AND INSTITUTIONAL NEEDS. THE PRESIDENT SUBMITS A STATUS REPORT ON THE CURRENT YEAR'S GOALS, YEAR END RESULTS AND PROPOSED GOALS FOR THE UPCOMING YEAR. THE COMPENSATION COMMITTEE WILL ALSO RECEIVE APPROPRIATE PEER AND BENCHMARK DATA FROM THE HUMAN RESOURCES OFFICE. THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES WILL REVIEW THE PRESIDENT'S PERFORMANCE AND DISCUSS THEIR CONCLUSIONS ORALLY WITH THE PRESIDENT TO ENSURE THE ACCURATE AND FAIRNESS OF JUDGEMENTS. THE COMPENSATION COMMITTEE WILL THEN DISCUSS ITS CONCLUSIONS AND COMPENSATION RECOMMENDATION WITH THE PRESIDENT. THE PRESIDENT HAS A WRITTEN EMPLOYMENT CONTRACT. THE PRESIDENT HAS THE OVERALL RESPONSIBILITY FOR THE COMPENSATION REVIEW OF THE VICE PRESIDENTS. A MARKET ANALYSIS IS DONE BY THE HUMAN RESOURCES OFFICE WHICH ALSO INCLUDES PEER AND BENCHAMARK DATA. THIS ANALYSIS IS THEN USED AS A TOOL FOR DETERMINING SALARY CHANGES AND IS REVIEWED WITH THE COMPENSATION COMMITTEE PRIOR TO IMPLEMENTATION. THE SCHEDULE J ALSO DETAILS THE TOTAL COMPENSATION PAID TO THE INSTITUTE'S OFFICERS, KEY EMPLOYEES AND HIGHLY COMPENSATED EMPLOYEES. THE ABOVE SCHEDULE J, ALSO INCLUDES AMOUNTS CONTRIBUTED AND DISTRIBUTED FROM THE INSTITUTE'S EXECUTIVE COMPENSATION PLAN. ON JUNE 1ST OF EACH YEAR, THE INSTITUTE DEPOSITS AND INVESTS 10% OF EACH EXECUTIVE OFFICER'S BASE PAY INTO A DEFERRED COMPENSATION ASSET PLAN. THE INITIAL VALUE OF THESE DEPOSITS ARE INCLUDED IN THE "DEFERRED COMPENSATION" COLUMN ON SCHEDULE J. VESTING OCCURS 3 YEARS FOLLOWING THE INITIAL DEPOSIT. EVEN THOUGH THIS SCHEDULE RECOGNIZES DEFERRED COMPENSATION AS WAGES EARNED, THIS TYPE OF COMPENSATION MAY BE FORFEITED, IF THE OFFICER IS NO LONGER EMPLOYED AT THE INSTITUTE. YEARLY, THE VESTED DEPOSITS AND ANY ASSOCIATED REALIZED GAINS OR LOSSES WILL BE DISTRIBUTED TO EACH EXECUTIVE OFFICER. THESE DISTRIBUTIONS ARE INCLUDED IN THE "OTHER COMPENSATION" COLUMN IN SCHEDULE J. EFFECTIVELY, THE VALUE OF THE ORIGINAL DEPOSITS ARE BEING REPORTED AS COMPENSATION TWICE ON THE SCHEDULE J. COLUMN F, ON SCHEDULE J, SHOWS THE AMOUNTS WHICH ARE BEING DUPLICATED FROM THE PRIOR YEAR. A DORM AUTHORITY OF THE STATE OF NEW YORK SERIES 2004D 146000293 64893TZS5 2004-07-22 19000000 CONSTRUCTION 0 0 0 B DORM AUTHORITY OF THE STATE OF NEW YORK SERIES 2006 146000293 64983Q000 2006-08-31 15125000 CONSTRUCTION 0 0 0 C CALIFORNIA STATEWIDE COMMISSION DEVELOPMENT AUTHORITY-SERIES 2008 680164610 130795ZR1 2008-11-18 18200000 CONSTRUCTION AND REFUNDING 0 0 0 D DORM AUTHORITY OF THE STATE OF NEW YORK SERIES 2012 146000293 649907FT4 2012-10-26 24505780 CONSTRUCTION AND REFUNDING 0 0 0 A 5550000 0 19446967 1102391 0 0 219455 557205 0 17646942 0 0 2006 0 0 1 1 B 3550000 0 15553044 886888 0 0 242102 435587 0 14007926 0 0 2007 0 0 1 1 C 7225000 0 18207872 0 0 0 335748 82794 0 6005375 11776083 0 2009 0 1 1 1 D 4425000 0 24551998 1454195 0 0 321588 0 0 11985621 10600505 0 2014 0 1 1 1 A 0 0 0 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 0 0 0 C 0 0 0 0 0 0 0 0 0 0 D 0 0 0 0 0 0 0 0 0 0 A 0 0 1 0 1 1 TD BANKNORTH 30 0 0 0 0 1 B 0 0 1 0 1 1 TD BANKNORTH 30 0 0 0 0 1 C 0 1 0 0 1 1 TD BANKNORTH 30 1 1 0 0 1 D 0 1 0 0 0 0 0 0 1 A 0 B 0 C 0 D 0 Schedule K, Part I-11/18/2008 18,200,000 CALIFORNIA STATEWIDE COMMISSION DEVELOPMENT PART OF THE PROCEEDS OF THE 2008 ISSUE, $11,776,083 WAS USED TO REFUND A 2005 BOND ISSUE Schedule K, Part I-10/26/2012 24,505,780 DORM AUTHORITY OF THE STATE OF NEW YORK PART OF THE PROCEEDS OF THE 2012 ISSUE, $10,600,500 WAS USED TO REFUND A 1999 BOND ISSUE A DORM AUTHORITY OF THE STATE OF NEW YORK -SERIES 2013 146000293 649907VHZ 2013-09-19 31057404 CONSTRUCTION 0 0 0 B DUTCHESS COUNTY LOCAL DEVELOPMENT CORPORATION SERIES 2016A 273106797 267045HV7 2016-09-14 39943701 CONSTRUCTION AND REFUNDING 0 0 0 C CALIFORNIA STATEWIDE COMMUNITIES DEVELOPMENT AUTHORITY SERIES 2016B 660164610 13080SNJ9 2016-08-30 15222106 CONSTRUCTION 0 0 0 A 1610000 0 31104253 0 0 0 353780 0 0 30663624 0 0 2015 0 0 1 1 B 1345000 0 40168942 0 0 0 607854 0 0 0 33441625 5894222 0 1 1 1 C 0 0 15227905 0 0 0 252966 0 0 0 5146065 9823074 0 0 1 1 A 0 0 0 0 0 0 0 0 0 0 B 0 0 1 0 0 0 0 0 0 C 0 0 0 0 0 0 0 0 A 0 1 0 0 0 0 0 0 1 B 0 1 0 0 0 0 0 0 1 C 0 1 0 0 0 0 0 0 1 A 1 B 0 C 0 Schedule K, Part I-09/14/2016 39,943,701 DUTCHESS COUNTY LOCAL DEVELOPMENT PART OF THE PROCEEDS OF THE 2016A ISSUE, $28,057,571 WAS USED TO REFUND THE 2004A & 2004C BONDS. X 1247 1668487 COST X CAPITAL EQUIPMENT 14 3786003 COST 0 0 1 0 Form 990, Part VI, Section B, Line 11b THE INSTITUTE'S FORM 990 IS PRIMARILY PREPARED BY THE INSTITUTE'S CONTROLLER. ONCE COMPLETED, IT IS REVIEWED BY THE V.P. OF FINANCE AND/OR THE DIRECTOR OF FINANCE AND ACCOUNTING. A FINAL REVIEW, IS ALSO DONE BY THE INSTITUTE'S INDEPENDENT PUBLIC ACCOUNTING FIRM. AFTER REVISIONS ARE MADE, THE FORM IS THEN ELECTRONICALLY FILED AND MADE AVAILABLE TO THE PUBLIC VIA ONLINE, PRIMARILY THROUGH THE GUIDESTAR.ORG WEBSITE. Form 990, Part VI, Section B, Line 12c CONFLICTS OF INTEREST FOR BOARD MEMBERS ARE CLEARLY DEFINED BY THE INSTITUTE'S BOARD OF TRUSTEES POLICY MANUAL. TRUSTEES ARE REQUIRED TO DISCLOSE TO THE BOARD ANY POSSIBLE CONFLICT OF INTEREST, AND TO ABSTAIN FROM VOTING ON ANY MATTERS, IN WHICH THEY HAVE A CONFLICT OF INTEREST. INDIVIDUAL TRUSTEES, AND MEMBERS OF THEIR FAMILY OR ANY ORGANIZATION IN WHICH A TRUSTEE OR MEMBER OF HIS OR HER FAMILY IS A STOCKHOLDER, MAY NOT HAVE EXISTING OR POTENTIAL FINANCIAL OR OTHER INTERESTS THAT MIGHT IMPAIR THEIR INDEPENDENT, UNBIASED JUDGMENT IN THE DISCHARGE OF THEIR RESPONSIBILITIES TO THE COLLEGE . THE COLLEGE MAINTAINS A CURRENT COMPLETED CONFLICT OF INTEREST STATEMENT FOR ALL TRUSTEES. THIS REVIEW IS DONE ANNUALLY FOR EACH BOARD MEMBER. THE INSTITUTE'S AUDIT COMMITTEE MONITORS TO ENSURE THAT THERE IS COMPLIANCE WITH THE POLICY. KEY EMPLOYEES, UPON HIRING ARE ALSO REQUIRE TO COMPLETE SIMILAR QUESTIONAIRES. Form 990, Part VI, Section B, Line 15 THE BOARD OF TRUSTEES HAS THE OVERALL RESPONSIBILITY FOR THE COMPENSATION REVIEW OF THE PRESIDENT. AN ANNUAL REVIEW IS BASED ON FOUR FACTORS, SUMMATIVE PERFORMANCE APPRAISAL, ACHIEVEMENT OF ANNUAL GOALS, MARKET ANALYSIS AND INSTITUTIONAL NEEDS. THE PRESIDENT SUBMITS A STATUS REPORT ON THE CURRENT YEAR'S GOALS, YEAR END RESULTS AND PROPOSED GOALS FOR THE UPCOMING YEAR. THE COMPENSATION COMMITTEE WILL ALSO RECEIVE APPROPRIATE PEER AND BENCHMARK DATA FROM THE HUMAN RESOURCES OFFICE. THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES WILL REVIEW THE PRESIDENT'S PERFORMANCE AND DISCUSS THEIR CONCLUSIONS ORALLY WITH THE PRESIDENT TO ENSURE THE ACCURATE AND FAIRNESS OF JUDGEMENTS. THE COMPENSATION COMMITTEE WILL THEN DISCUSS ITS CONCLUSIONS AND COMPENSATION RECOMMENDATION WITH THE PRESIDENT. THE PRESIDENT HAS A WRITTEN EMPLOYMENT CONTRACT. THE PRESIDENT HAS THE OVERALL RESPONSIBILITY FOR THE COMPENSATION REVIEW OF THE VICE PRESIDENTS. A MARKET ANALYSIS IS DONE BY THE HUMAN RESOURCES OFFICE WHICH ALSO INCLUDES PEER AND BENCHAMARK DATA. THIS ANALYSIS IS THEN USED AS A TOOL FOR DETERMINING SALARY CHANGES AND IS REVIEWED WITH THE COMPENSATION COMMITTEE PRIOR TO IMPLEMENTATION. THE COMMITTEE CONTEMPORANOUSELY DOCUMENTS ITS DISCUSSION ON THE COMPENSATION ANALYSIS. THE COMPENSATION PROCEDURES MEET THE THREE REQUIREMENTS OF THE REBUTTABLE PRESUMPTION: (1) THE COMPENSATION ARRANGEMENT IS APPROVED IN ADVANCE BY A COMMITTEE FREE OF CONFLICTS OF INTERESTS; (2) THE COMMITTEE RELIED ON APPROPRIATE COMPARABILITY DATA; (3) THE COMMITTEE ADEQUATELY AND TIMELY DOCUMENTED THE BASIS FOR THE DECISION. Form 990, Part VI, Section C, Line 19 THE FORM 990 AND THE ACCOMPANYING FINANCIAL STATEMENTS ARE READILY AVAILABLE TO THE PUBLIC AS REQUIRED. THESE DOCUMENTS CAN BE OBTAINED UPON REQUEST BY THE PUBLIC OR IS READILY AVAILABLE ON THE INTERNET (WWW. GUIDESTAR.ORG). Form 990, Part IX, Line 11g OTHER FEES FOR SERVICES, PRIMARILY INCLUDE CONTRACTED FACILITIES MANAGEMENT COSTS (6,873,492) STUDENT DINING SERVICES ($6,756,603), RESTAURANTS AND OTHER EDUCATIONAL PROGRAMS ( $5,927,293), COPY CENTER AND MAILROOM SERVICES, ADMISSIONS LEADS AND INQUIRY SERVICES, HUMAN RESOURCES AND EMPLOYEE RECRUITMENT ($1,434,867) Form 990, Part XI, Line 9 APPRECIATION IN FAIR VALUE OF SWAP DERIVATIVE ( $1,741,070), AND THE RENTAL EXPENSE RECORDED RELATED TO THE SAN ANTONIO GIK LEASE ( $-464,664). THE RENTAL EXPENSE EQUALS THE AMOUNT RECORDED AS REVENUE IN PARTXI, LINE 6 . THE RENTAL EXPENSEIS A NON-CASH ITEM. CIA SAN ANTONIO BEVERAGES LLC 312 PEARL PKWY SAN ANTONIO TX 78215 BEVERAGE CONCESSION MANAGEMENT SERVICES TX 139801 109620 N/A CIA SAN ANTONIO MANAGEMENT LLC 312 PEARL PKWY SAN ANTONIO TX 78215 BEVERAGE CONCESSION MANAGEMENT SERVICES TX 0 0 N/A CIA SAN ANTONIO OPERATIONS LLC 312 PEARL PKWY SAN ANTONIO TX 78215 BEVERAGE CONCESSION MANAGEMENT SERVICES TX 0 0 N/A THE CULINARY INSTITUTE OF AMERICA SINGAPORE LTD BLOCK 26 21 TAMPINES AVENUE 1 SINGAPORE SN 052957 EDUCATION SN 2 N/A 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 THE CULINARY INSTITUTE OF AMERICA SINGAPORE LTD o 787313 ACTUAL COSTS FOR EMPLOYEES WAGES AND BENEFITS AT SINGAPORE THE CULINARY INSTITUTE OF AMERICA SINGAPORE LTD n 175539 ACTUAL COSTS FOR OTHER RELATED EXPENSES AT SINGAPORE