2019-05-15T08:56:26-05:00 2018-06-30 113518842 MARKS PANETH LLP 685 THIRD AVENUE NEW YORK NY 10017 990 2017-07-01 131967321 MERCY COLLEGE MERC 9144552650 555 BROADWAY DOBBS FERRY NY 10522 TIMOTHY L HALL PRESIDENT 9144552650 2019-05-15 1 MAGDALENA M CZERNIAWSKI P00535099 2125038800 2019-05-15 69.74.165.34 2019-05-15 06:54:29 ED P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 C9F00FD95E436BC684235A774996A9E8B56183B1 2017 2019-02-21 02:37:17Z TIMOTHY L HALL 555 BROADWAY DOBBS FERRY NY 10522 329476956 0 X WWW.MERCY.EDU X 1950 NY EDUCATE STUDENTS IN LIBERAL ARTS, SCIENCES, BUSINESS, EDUCATION AND PROFESSIONAL PROGRAMS. 19 18 2288 18 0 403717 10333452 8467565 165779206 162235224 2373411 7335366 321434 1093113 178807503 179131268 31268055 32074111 0 0 73398997 72476596 93431 103406 1423665 62208785 64232383 166969268 168886496 11838235 10244772 385039772 400802892 85494091 80659850 299545681 320143042 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 135917598 32074111 163123741 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. 135917598 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 1 474 0 1 2288 1 1 1 0 0 0 0 1 1 0 0 0 0 X 19 18 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X NARDA A ROMERO 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 DANIEL ZELEM TRUSTEE (OUTGOING) 1.00 X 0 0 0 DAVID B JONES VICE CHAIRMAN 1.00 X 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 KUNI NAKAMURA TRUSTEE (OUTGOING) 1.00 X 0 0 0 LYNN STRATFORD TRUSTEE (OUTGOING) 1.00 X 0 0 0 LYNNE GREENE TRUSTEE (OUTGOING) 1.00 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 THOMAS LANSEN TRUSTEE (OUTGOING) 1.00 X 0 0 0 TIMOTHY L HALL TRUSTEE, PRESIDENT 35.00 X X 558827 0 189543 WILLIAM M MOONEY JR TRUSTEE 1.00 X 0 0 0 DONALD B AUNGST VP CHIEF FIN & PLANNING OFFICER 35.00 X 271593 0 55507 IRENE BUCKLEY CHIEF OF STAFF/SECRETARY 35.00 X 236790 0 32383 NARDA ROMERO CONTROLLER & ASST. TREASURER 35.00 X 185740 0 16965 DEIRDRE A WHITMAN VP ENROLLMENT MANAGEMENT (OUTGOING) 35.00 X 319387 0 24300 JOSE HERRERA PROVOST 35.00 X 281372 0 39170 THOMAS SIMMONDS VP, OPERATIONS & FACILITIES 35.00 X 234185 0 51237 BERNADETTE WADE CHIEF ADVANCEMENT OFFICER 35.00 X 218169 0 18666 CHARLES E WEIS JR DEAN, SCHOOL OF BUSINESS 35.00 X 267946 0 52799 KEVIN JOYCE VP STUDENT AFFAIRS 35.00 X 213977 0 46029 LORRAINE CASHIN DIR. PHYSICIANS ASSISTANT PROGRAM 35.00 X 198739 0 28053 MARGARET M MCGRAIL VP STUDENT SERVICES 35.00 X 229936 0 50841 3216661 0 605493 18 0 1 0 ELLUCIAN COMPANY LP 62590 COLLECTIONS CENTER DRIVE CHICAGO IL 60693 INFORMATION TECHNOLOGY 9178886 PROFTECH LLC PO BOX 573 ELMSFORD NY 10523 OFFICE SUPPLIES 1056504 CONSIGLI CONSTRUCTION NY LLC US 199 WEST ROAD SUITE 100 PLEASANT VALLEY NY 12569 CONSTRUCTION 814942 CLARKE CATON HINTZ PC 100 BARRACK STREET TRENTON NJ 08608 ARCHITECT 801359 RUFFALO CODY NOWEL LEVITZ 1025 KIRKWOOD PARKWAY SW CEDAR RAPIDS IA 52404 INFORMATION TECHNOLOGY 207592 8 457786 5967008 2042771 116891 8467565 GROSS TUITION & FEES 900099 152703626 152703626 ROOM AND BOARD 721310 9531598 9531598 162235224 1642009 1642009 220072 0 220072 220072 220072 155895799 150202442 5693357 5693357 5693357 87059 457786 138246 -51187 -51187 40711 5000 35711 35711 OTHER 900099 888517 888517 888517 179131268 163123741 0 7539962 32074111 32074111 2253257 2253257 53944051 49196445 3846656 900950 3307996 2828499 417573 61924 8530782 7082242 1293490 155050 4440510 3643907 716827 79776 12354394 3762732 8591662 170307 170307 210000 210000 103406 103406 1060310 1060310 1656907 1552535 104372 3870875 3868564 2311 3075275 2412724 651200 11351 3342154 1323645 2014629 3880 13378232 12440895 937337 1540910 1075181 459597 6132 2056768 1494693 520267 41808 2283076 2095916 187160 8010019 7441610 568409 1107730 20602 1087128 STUDENT FOOD SERVICES 2506515 2506515 MAINTENANCE 1916008 1697384 218554 70 BAD DEBT 1506758 1506758 PROGRAM PARTICIPANT SUP 1317593 1304543 13050 2868552 1963419 848126 57007 168886496 135917598 31545233 1423665 11335399 7399673 2179537 6476629 1989037 1149563 4720608 5708026 400400 375613 2254761 3153106 171414019 66672546 100466312 104741473 176404513 184160318 82138927 85213572 3150278 2424919 385039772 400802892 17247054 15112228 6367778 6099669 50946264 49600371 10932995 9847582 85494091 80659850 X 290183953 309777478 5081367 5839097 4280361 4526467 299545681 320143042 385039772 400802892 X 10244772 10018054 334535 X X 0 1 X 1 1 1 X 159501 X 0 224444449 5322717 16853363 88819 997868 245533842 192479137 5247138 27433879 96691 619014 224444449 193535022 5319538 -5611632 75650 688141 192479137 147765416 42655006 3678834 60044 504190 193535022 103289493 33855121 11056573 70557 365214 147765416 0.97230 0.01870 0.00900 0 0 11365563 11365563 101612020 25187856 76424164 17208929 15280408 1928521 33937308 26204282 7733026 7290199 7290199 104741473 LIMITED PARTNERSHIP INTERESTS 13182121 F HEDGE FUNDS 72031451 F 85213572 ADVANCES FROM FEDERAL GOVERNMENT FOR STUDENT LOANS 1167263 CONDITIONAL ASSET RETIREMENT OBLIGATION 2498265 DEFERRED RENT 6182054 9847582 X 156897399 10018054 -31334859 -21316805 178214204 1060310 -143246 917064 179131268 136300038 547963 547963 135752075 1060310 32074111 33134421 168886496 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, 2018 AND 2017 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 739,252. SCHOLARSHIPS -32,074,111. PART XI, LINE 4B - OTHER ADJUSTMENTS: SPECIAL EVENTS DIRECT COSTQ -143,246. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENTS DIRECT COST 143,246. TRANSPORTATION AND PARKING BENEFITS 404,717. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS 32,074,111. 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 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 THE PERKINS LOAN PROGRAMS. X X X X X X X 1 CHARITY BUZZ 437 FIFTH AVENUE 11TH FLOOR NEW YORK NY 10016 ONLINE AUCTION 1 21750 4785 16965 GRANDSTAND SPORTS AND MEMORABILIA 148 MADISON AVENUE 14 NEW YORK NY 10016 ONLINE AUCTION 1 17345 14301 3044 39095 19086 20009 NY TRUSTEES DINNER 380612 357957 22655 36836 27472 GOLF TOURNAMENT 83164 76039 7125 16059 9958 2 81069 23790 57279 34881 13040 544845 457786 87059 87776 50470 138246 -51187 40711 5000 0 40711 5000 5000 35711 0 0 0 0 0 0 1 SCHOLARSHIPS 4626 27302555 INSTITUTIONAL AID DISCOUNTS AND EXEMPTIONS 1093 4771556 INSTITUTIONAL AID 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 TRUSTEE, PRESIDENT 453932 0 75000 0 29895 0 24300 0 165243 0 748370 0 0 0 DONALD B AUNGST VP CHIEF FIN & PLANNING OFFICER 270405 0 0 0 1188 0 24300 0 31207 0 327100 0 0 0 IRENE BUCKLEY CHIEF OF STAFF/SECRETARY 221016 0 15000 0 774 0 20401 0 11982 0 269173 0 0 0 NARDA ROMERO CONTROLLER & ASST. TREASURER 185326 0 0 0 414 0 16965 0 0 0 202705 0 0 0 DEIRDRE A WHITMAN VP ENROLLMENT MANAGEMENT (OUTGOING) 308537 0 10000 0 850 0 24300 0 0 0 343687 0 0 0 JOSE HERRERA PROVOST 281027 0 0 0 345 0 21443 0 17727 0 320542 0 0 0 THOMAS SIMMONDS VP, OPERATIONS & FACILITIES 220022 0 10000 0 4163 0 20030 0 31207 0 285422 0 0 0 BERNADETTE WADE CHIEF ADVANCEMENT OFFICER 207395 0 10000 0 774 0 18666 0 0 0 236835 0 0 0 CHARLES E WEIS JR DEAN, SCHOOL OF BUSINESS 227676 0 40000 0 270 0 21592 0 31207 0 320745 0 0 0 KEVIN JOYCE VP STUDENT AFFAIRS 213203 0 0 0 774 0 19512 0 26517 0 260006 0 0 0 LORRAINE CASHIN DIR. PHYSICIANS ASSISTANT PROGRAM 196401 0 1564 0 774 0 17876 0 10177 0 226792 0 0 0 MARGARET M MCGRAIL VP STUDENT SERVICES 214522 0 15000 0 414 0 20991 0 29850 0 280777 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. PART II, TIMOTHY L. HALL, DEIDRE A. WHITMAN AND THOMAS SIMMONDS RECEIVED CAR ALLOWANCE WHICH IS INCLUDED IN SCHEDULE J, PART II, COLUMN (B) (III). TIMOTHY L. HALL RECEIVED A CONTRIBUTION OF $18,000 TO A 457(B) PLAN WHICH IS INCLUDED IN SCHEDULE J, PART II, COLUMN (B) (III). 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 7370000 16220000 948848 15271152 2005 0 0 0 1 B 7070000 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 0 0 0 0 1 D 0 0 0 1 0 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 0 0 0 0 1 A 1 X 4 116891 FAIR MARKET VALUE 0 1 1 PART I, COLUMN (B): THE NUMBER IN COLUMN (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 739,252. TRANSPORTATION AND PARKING BENEFITS -404,717. 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.