2018-05-10T21:09:11-05:00 2017-06-30 GRANT THORNTON LLP 757 THIRD AVENUE 4TH FLOOR NEW YORK NY 100172013 990 2016-07-01 141442493 Marist College % JOHN PECCHIA CFO VP OF BA MARI 8455753000 3399 North Road Poughkeepsie NY 12601 JOHN PECCHIA CFO, VP OF B.A. 2125990100 2018-05-10 true Daniel Romano P00504182 2125990100 2016 2022-09-23 18:48:47Z David Yellen 3399 North Road Poughkeepsie NY 12601 316451639 false X www.marist.edu X 1946 NY MARIST IS DEDICATED TO HELPING STUDENTS DEVELOP THE INTELLECT, CHARACTER AND SKILLS REQUIRED FOR ENLIGHTENED, ETHICAL AND PRODUCTIVE LIVES IN THE GLOBAL COMMUNITY. 31 31 3943 220 1265061 -177621 11601928 7900066 228342854 242887731 2892602 5261771 4686610 5063385 247523994 261112953 52426497 58347455 0 0 101205277 103980119 0 50000 1801021 75863232 79001399 229495006 241378973 18028988 19733980 675898618 726515193 236987367 230360830 438911251 496154363 X MARIST IS DEDICATED TO HELPING STUDENTS DEVELOP THE INTELLECT, CHARACTER AND SKILLS REQUIRED FOR ENLIGHTENED, ETHICAL AND PRODUCTIVE LIVES IN THE GLOBAL COMMUNITY. false false 187047221 58347455 195231686 MARIST COLLEGE IS A HIGHLY SELECTIVE, COMPREHENSIVE INSTITUTION NOTED FOR ITS LEADERSHIP IN THE USE OF TECHNOLOGY IN AND OUT OF THE CLASSROOM. MARIST IS CHARTERED BY THE STATE OF NEW YORK AND ITS POUGHKEEPSIE AND FLORENCE CAMPUSES ARE FULLY ACCREDITED BY THE MIDDLE STATES COMMISSION ON HIGHER EDUCATION (MSCHE). MARIST'S STUDENT BODY IS COMPRISED OF 5,699 UNDERGRADUATE STUDENTS AND 958 GRADUATE STUDENTS WITH 47 BACHELOR'S PROGRAMS, 14 MASTER'S PROGRAMS, 14 CERTIFICATE PROGRAMS, AND 1 DOCTORAL PROGRAM. OVER 50% OF UNDERGRADUATE STUDENTS HAVE STUDIED A SEMESTER ABROAD. FOUNDED IN 1929, MARIST'S 228-ACRE CAMPUS OVERLOOKS THE HUDSON RIVER IN THE HEART OF THE HISTORIC HUDSON VALLEY AND IS SITUATED MIDWAY BETWEEN NEW YORK CITY AND ALBANY, THE STATE CAPITAL. WHAT STARTED AS A SCHOOL FOR THE TRAINING OF FUTURE MARIST BROTHERS HAS DEVELOPED INTO ONE OF THE MOST SELECTIVE COLLEGES IN THE NATION. MARIST IS ECUMENICAL IN CHARACTER AND REFLECTS THE IDEALS OF THE MARIST BROTHERS' FOUNDER, ST. MARCELLIN CHAMPAGNAT: COMMITMENT TO EXCELLENCE IN EDUCATION, THE IMPORTANCE OF COMMUNITY, AND DEDICATION TO THE PRINCIPLE OF SERVICE. MARIST IS DEDICATED TO THE DEVELOPMENT OF THE WHOLE PERSON IN A WAY THAT WILL PREPARE OUR GRADUATES TO LEAD ENLIGHTENED, ETHICAL, AND PRODUCTIVE LIVES IN THE GLOBAL COMMUNITY OF THE 21ST CENTURY. 34225327 47656045 MARIST COLLEGE PROVIDES A VARIETY OF AUXILIARY SERVICES TO BOTH ITS STUDENTS AND EMPLOYEES IN SUPPORT OF ITS EDUCATIONAL MISSION. AS PART OF THE STUDENT EXPERIENCE, MARIST OFFERS A VARIETY OF COLLEGE HOUSING TO OVER 3,200 STUDENTS IN CORRIDOR, SUITE, APARTMENT, AND TOWNHOUSE-STYLE RESIDENCES. THE RESIDENTIAL LIFE PROGRAM AT MARIST IS BASED UPON THE PHILOSOPHY OF PROVIDING STUDENTS WITH A SAFE, HEALTHY, AND ATTRACTIVE LIVING-LEARNING ENVIRONMENT THAT SUPPORTS AND SUPPLEMENTS THE EDUCATIONAL MISSION OF THE COLLEGE. STUDENTS ARE HOUSED USING A "RITES OF PASSAGE" PHILOSOPHY, WHICH RECOGNIZES THAT A STUDENT'S DEVELOPMENT SHOULD BE SUPPORTED BY HIS/HER LIVING ENVIRONMENT. ANOTHER LARGE AUXILIARY FUNCTION INCLUDES FOOD SERVICE THROUGH BOTH A RESIDENT AND RETAIL DINING PROGRAM. THE RESIDENT DINING OPERATION PROVIDES FOOD ON A DAILY BASIS TO OVER 1,500 PARTICIPANTS. THE CAMPUS'S SIX RETAIL CAFES, CATERING TO AN ADDITIONAL 2,300 PARTICIPANTS, OFFER A WIDE SELECTION OF HOT AND COLD DRINKS, SOUPS, SALADS, SANDWICHES, AND SNACKS. THE CAMPUS DINING EXPERIENCE IS FOCUSED ON CULINARY EXPERTISE, FRESH LOCAL AND REGIONAL INGREDIENTS, HEALTHY OPTIONS, AND A SHARED SENSE OF ENVIRONMENTAL AND SOCIAL RESPONSIBILITY. OTHER CAMPUS AUXILIARY SERVICES INCLUDE A BOOKSTORE, COMPUTER STORE, AND A CAMPUS/COMMUNITY DEBIT CARD ACCOUNT KNOWN AS MARIST MONEY. THROUGHOUT ALL OF THE COLLEGE'S AUXILIARY SERVICES, AN EMPHASIS IS PLACED ON PROMOTING SUSTAINABLE PRACTICES WHERE APPLICABLE AND INCLUDE, BUT ARE NOT LIMITED TO, EDUCATING FACULTY, STAFF, AND STUDENTS ABOUT THE IMPACT OF THEIR ACTIONS ON THE ENVIRONMENT; IDENTIFYING, ESTABLISHING, AND PUBLICIZING SUSTAINABILITY PRINCIPLES, GOALS, AND BEST PRACTICES; PROVIDING A FRAMEWORK FOR GUIDING SUSTAINABLE PROCEDURES, PROGRAMS, AND INITIATIVES; AND MONITORING AND REPORTING PROGRESS ON CAMPUS SUSTAINABILITY INITIATIVES. 221272548 true true false true false false false true false true true true false false true true false true true true true false false true true true false true true true true false false false false false false false false false false true true false false true true true true false false true X 432 1 true 3943 true true true true SP FR IT false false false true true false false false false X 31 31 false false false false false false false true true false true true true true true true true true true true false X X JOHN PECCHIA CFO VP OF BA 8455753000 3399 NORTH ROAD POUGHKEEPSIE NY 12601 Ellen M Hancock Chair 2.0 0.0 X X 0 0 0 Ross A Mauri Vice Chair 1.0 0.0 X X 0 0 0 Thomas J Ward Treasurer 1.0 0.0 X X 0 0 0 James R Barnes Secretary 1.0 0.0 X X 0 0 0 Elizabeth M Wolf Assistant Secretary 1.0 0.0 X X 0 0 0 Robert R Dyson Trustee 1.0 0.0 X 0 0 0 James M Barnes Trustee 1.0 0.0 X 0 0 0 Neil Bender Trustee 1.0 0.0 X 0 0 0 Timothy G Brier Trustee 1.0 0.0 X 0 0 0 James A Cannavino Trustee 1.0 0.0 X 0 0 0 Michael C Duffy Trustee 1.0 0.0 X 0 0 0 Steven Effron Trustee 1.0 0.0 X 0 0 0 Michael G Gartland Trustee 1.0 0.0 X 0 0 0 Dr Stanley E Harris Trustee 1.0 0.0 X 0 0 0 Daniel G Hickey Sr Trustee 1.0 0.0 X 0 0 0 Dr James P Honan Trustee 1.0 0.0 X 0 0 0 Bro John Klein Trustee 1.0 0.0 X 0 0 0 Suresh Kothapalli Trustee 1.0 0.0 X 0 0 0 Patrick M Lavelle Trustee 1.0 0.0 X 0 0 0 Christopher G McCann Trustee 1.0 0.0 X 0 0 0 Genine McCormick Trustee 1.0 0.0 X 0 0 0 John P O'Shea Trustee 1.0 0.0 X 0 0 0 Lisa M Cathie Trustee 1.0 0.0 X 0 0 0 Dr Susan L Cohen Trustee 1.0 0.0 X 0 0 0 Laureen DeJong Trustee 1.0 0.0 X 0 0 0 Mark V Dennis Trustee 1.0 0.0 X 0 0 0 Donald Duet Trustee 1.0 0.0 X 0 0 0 Patrice Connolly Pantello Trustee 1.0 0.0 X 0 0 0 Jerome A Pickett Trustee 1.0 0.0 X 0 0 0 Bro Sean Sammon Trustee 1.0 0.0 X 0 0 0 Tim Tenney Trustee 1.0 0.0 X 0 0 0 David Yellen President (As Of 07/01/2016) 50.0 0.0 X 325835 0 59470 Dr Geoffrey L Brackett Executive Vice President 50.0 1.0 X 387495 0 97969 Dr Thomas Wermuth VP of Academic Affairs 50.0 0.0 X 283447 0 43768 Sean P Kaylor VP of Admissions & Enrollment 50.0 0.0 X 265567 0 60748 John Pecchia VP of Business Affairs, CFO 50.0 1.0 X 294881 0 44892 Christopher DelGiorno VP of College Advancement 50.0 0.0 X 245673 0 47980 William T Thirsk VP of Information Tech, CIO 50.0 0.0 X 256323 0 48185 Deborah DiCaprio VP/Dean of Student Affairs 50.0 0.0 X 228033 0 56711 Dr John Ritschdorff Assoc. VP of Academic Affairs 50.0 0.0 X 196406 0 46200 Deborah Raikes-Colbert Assoc. VP of Human Resources 50.0 0.0 X 174635 0 16398 Justin Butwell Director of Physical Plant 50.0 1.0 X 207442 0 52220 Dr Lee Miringoff Director of MIPO 50.0 0.0 X 323294 0 50839 Dr Barbara Carvalho Director of Marist Poll 50.0 0.0 X 260041 0 30905 Lawrence Singleton Dean, School of Management 50.0 0.0 X 246310 0 52287 Dr Roger Norton Dean, Computer Science & Math 50.0 0.0 X 246531 0 51664 Michael Maker Head Coach, Men's Basketball 50.0 0.0 X 233519 0 48409 Dr Roy H Merolli Former Executive VP 40.0 0.0 X 131352 0 16385 Dr Dennis J Murray President Emeritus (7/1/2016) 40.0 0.0 X 1222150 0 80583 5528934 0 905613 141 true true false Pike Company Inc 1 Circle Street ROCHESTER NY 14607 Construction 45387265 Sodexo Inc and Affiliates 9801 Washington Boulevard GAITHERSBURG MD 20878 Food Service 9395627 Daniel O'Connells Sons Incorporatio 480 Hampden Street HOLYOKE MA 01040 Construction 5167025 IA Urban Hotels Pok 2525 South Road POUGHKEEPSIE NY 12601 Housing 2362011 Pavarini North East Construction Co 30 Oak Street STAMFORD CT 06905 Construction 1721696 59 31712 3251051 4617303 227872 7900066 TUITION & FEES 611710 195231686 195231686 ROOM & BOARD 721310 47656045 47656045 242887731 1790423 1790423 0 0 0 0 0 58637384 22300 55124837 63499 3512547 -41199 3471348 3471348 123438 31712 134499 -11061 -11061 96260 15851 80409 80409 0 0 0 ATHLETICS 711210 1283228 1283228 CLOUD COMPUTING 541511 955303 955303 STUDENT CLUB ACTIVITIES 900099 757450 757450 1998056 309758 1688298 4994037 261112953 242887731 1265061 9060095 250000 250000 58097455 58097455 0 0 3644848 1122169 1909084 613595 0 71726357 65524996 5656134 545227 6789219 6676401 76836 35982 15833076 14092957 1593523 146596 5986619 5125379 811875 49365 7417464 7417464 564319 11665 552654 351033 351033 0 50000 50000 1163824 1163824 2402876 1967946 427554 7376 2141033 2091955 49053 25 4997038 4110528 785159 101351 4970540 4448383 522157 981715 949283 29417 3015 10365911 10013332 349012 3567 4144633 3850086 259684 34863 0 727966 665428 55367 7171 5517350 5483948 33402 0 14870091 13781899 1088192 1241948 166581 1075367 INTERNATIONAL PROGRAM 7421247 7421247 HOSPITALITY 3083929 2321362 717114 45453 ATHLETICS 1957393 1957393 STUDENT MAINTENANCE 1136740 1136740 3544349 2587951 798963 157435 241378973 221272548 18305404 1801021 X 538309 558679 73319903 66339680 3672661 2529603 2727691 2729830 0 0 0 0 6178423 6412204 366685 359402 1672931 1058038 580072214 192347286 344967206 387724928 62490277 67900888 153950027 185124160 0 0 0 0 26014505 5777781 675898618 726515193 24059571 25944428 0 0 11010420 10721327 175935073 171329355 0 0 0 0 0 0 0 0 25982303 22365720 236987367 230360830 X 368018445 419390643 39063803 44431865 31829003 32331855 438911251 496154363 675898618 726515193 X 19733980 33484175 4024957 X false true X true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false false false true false LOBBYING EXPENSE THE COLLEGE IS A MEMBER OF THE NATIONAL ASSOCIATION OF INDEPENDENT COLLEGES AND UNIVERSITIES (NAICU) THAT PROMOTES THE NEEDS OF HIGHER EDUCATION AND PROVIDES INFORMATION TO THE INDUSTRY. THE ASSOCIATION DOES NOT PROVIDE AN ALLOCATION OF THE ANNUAL DUES TO LOBBYING EFFORTS UNLESS THE INFORMATION IS REQUESTED. THE PORTION OF ANNUAL DUES INVOLVED IN LOBBYING ACTIVITIES IS DE MINIMIS. THIS REPRESENTS THE ONLY LOBBYING ACTIVITIES OF THE COLLEGE. 7810526 X X X false 56451498 515777 9167697 1455149 -17064 64696887 56960149 3523439 -3181025 711072 139993 56451498 55302924 1202226 1069336 614337 56960149 46702054 680865 8207375 547770 -260400 55302924 42888844 1626123 2606865 467278 -47500 46702054 0.15960 0.49970 0.34070 false false 7979427 7979427 297008604 91417531 205591073 153778529 41773799 112004730 69331686 56420608 12911078 51973968 2735348 49238620 387724928 OTHER ALTERNATIVE INVESTMENTS 95415917 F DIRECT FOREIGN INVESTMENTS 89708243 F 185124160 0 ACCRUED POST RETIREMENT-BENEFITS 10522346 INTEREST RATE SWAP OBLIGATION 5870470 US GOV'T GRANT REFUNDABLE 5755325 ANNUITIES PAYABLE 217579 22365720 X 241027490 33484175 4527817 38011992 203015498 58097455 58097455 261112953 183461760 180242 180242 183281518 58097455 58097455 241378973 PART III, LINE 4 COLLECTION OF ARTWORKS THE COLLEGE HOLDS A CULTURALLY AND HISTORICALLY DIVERSE COLLECTION OF ARTWORK, BOOKS, SCULPTURES, ARCHIVES, FILM REELS AND VARIOUS MEDIA THAT SERVE PRIMARILY AS LEARNING AND RESEARCH RESOURCES FOR FACULTY AND STUDENTS. PART V, LINE 4 ENDOWMENT FUNDS ENDOWMENT FUNDS ARE INTENDED TO BE USED FOR SCHOLARSHIPS AND TO SUPPORT ACADEMIC PROGRAMS OF THE COLLEGE. PART X, LINE 2 FIN 48 DISCLOSURE TAX EFFECTS FROM AN UNCERTAIN TAX POSITION ARE RECOGNIZED IN THE CONSOLIDATED FINANCIAL STATEMENTS ONLY IF THE POSITION IS "MORE-LIKELY-THAN-NOT" TO BE SUSTAINED IF THE POSITION WERE TO BE CHALLENGED BY A TAXING AUTHORITY. THE ASSESSMENT OF THE TAX POSITION IS BASED SOLELY ON THE TECHNICAL MERITS OF THE POSITION, WITHOUT REGARD TO THE LIKELIHOOD THAT THE POSITION MIGHT BE CHALLENGED. THE COLLEGE IS EXEMPT FROM INCOME TAX UNDER IRC SECTION 501(C)(3), THOUGH IT IS SUBJECT TO TAX ON INCOME UNRELATED TO ITS EXEMPT PURPOSES, UNLESS THAT INCOME IS OTHERWISE EXCLUDED BY THE CODE. PART XI, LINE 2D CHANGE IN VALUE INTEREST RATE SWAP $ 3,048,815 PAYMENT TO BENEFICIARIES $ (760) PENSION & POST RETIREMENT CHANGES $ 1,479,762 ______________________ TOTAL $ 4,527,817 PART XI, LINE 4B SCHOLARSHIPS $58,097,455 PART XII, LINE 2D MRPS DEPRECIATION $180,242 PART XII, LINE 4B SCHOLARSHIPS $58,097,455 true true true true true true true false false false false false false false false true false true SCHEDULE E, LINE 3 THE COLLEGE PUBLICIZES ITS RACIALLY NONDISCRIMINATORY POLICY ON ITS WEBSITE (MARIST.EDU) TO MAKE THE POLICY KNOWN TO ALL PARTS OF THE GENERAL COMMUNITY IT SERVES. SCHEDULE E, LINE 6A THE COLLEGE RECEIVES FINANCIAL AID AND OTHER GRANTS FROM FEDERAL AND STATE AGENCIES. Europe (Including Iceland and Greenland) 2 8 Program Services ADMIN & EDUCATION 8627587 Central America and the Caribbean Investments 84106509 Europe (Including Iceland and Greenland) Investments 5601734 Central America and the Caribbean Program Services EDUCATIONAL 162242 East Asia and the Pacific Program Services EDUCATIONAL 1077665 South Asia Program Services EDUCATIONAL 12950 Russia and the Newly Independent States Program Services EDUCATIONAL 10950 South America Program Services EDUCATIONAL 72118 Sub-Saharan Africa Program Services EDUCATIONAL 37650 South Asia 10 Program Services ADMIN & EDUCATION 81000 2 18 2 18 99790405 99790405 true false true true true false SCHEDULE F, PART IV MARIST COLLEGE INVESTS IN DOMESTIC AND FOREIGN LIMITED PARTNERSHIPS THAT MAY OWN AN INTEREST IN A FOREIGN CORPORATION, PASSIVE FOREIGN INVESTMENT COMPANY, OR FOREIGN PARTNERSHIP. NEVERTHELESS, THE COLLEGE'S INVESTMENT ACTIVITIES MAY NOT REACH THE THRESHOLDS REQUIRED FOR FILING THE FORMS 926, 5471, 8621 OR 8865. TO THE EXTENT SUCH A FORM WAS COMPLETED, IT HAS BEEN FILED WITH THE COLLEGE'S FORM 990-T. true MATTHEW M DALY 327 Neipsic road Glastonbury CT 06033 Fundraising Consultant false 50000 50000 Lifetime Excel 90225 13360 76865 12320 52950 2200 17410 Red Fox Golf 29240 6501 22739 1500 2613 6025 4600 279 2 35685 11851 23834 11678 5422 14634 1000 1868 155150 31712 123438 1500 14291 23767 72184 3200 19557 134499 -11061 96260 11000 2000 2851 true 1.00000 96260 11000 2000 2851 15851 80409 NY true false false false 1.00000 Brandon James 3399 North Rd Poughkeepsie NY 12601 false Tim Murray Oversees all aspects of gaming activities X false SCHEDULE G, PART III, LINE 16 THE INDIVIDUAL IN CHARGE OF OVERSEEING THE FOUNDATION'S GAMING Activities is NOT COMPENSATED FOR THAT JOB RESPONSIBILITY; HE UNDERTAKES THIS ROLE AS PART OF HIS ORDINARY BUSINESS ENDEAVORS. true FAIRVIEW FIRE DISTRICT 258 VIOLET AVENUE POUGHKEEPSIE NY 12601 146000328 501 (A) 250000 COMMUNITY ASSISTANCE 1 INSTITUTIONAL SCHOLARSHIP 7657 58097455 ORGANIZATION'S PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS PART I, LINE 2 THE COLLEGE PROVIDES SCHOLARSHIPS AND FINANCIAL AIDS TO STUDENTS BASED ON NEED AND ACADEMIC PERFORMANCE. THE FUNDS ARE CREDITED DIRECTLY TO THE STUDENT'S ACCOUNT. RECORDS ARE MAINTAINED IN ACCORDANCE WITH THE COLLEGE'S POLICIES. THE COLLEGE'S FINANCIAL AID OFFICE ADHERES STRICTLY TO ALL FEDERAL AND STATE REGULATIONS AND IS SUBJECT TO THE COMPLIANCE AND INTERNAL CONTROLS REPORTS AS REQUIRED BY TITLE 2 U.S. CODE OF FEDERAL REGULATIONS PART 200, UNIFORM ADMINISTRATIVE REQUIREMENTS, COST PRINCIPLES, AND AUDIT REQUIREMENTS FOR FEDERAL AWARDS AND GOVERNMENT AUDITING STANDARDS AND RELATED INFORMATION (FORMERLY OMB A-133). PART II, LINE 1D MARIST COLLEGE VOLUNTARILY CONTRIBUTES TO THE FAIRVIEW FIRE DISTRICTS ANNUAL FUNDRAISING CAMPAIGN AND CONTRIBUTES FUNDS FOR CAPITAL IMPROVEMENTS. X X X X true true X X X X X false true false false false false false true false David Yellen President (As Of 07/01/2016) 246284 0 75000 0 4551 0 21875 0 37595 0 385305 0 0 Dr Geoffrey L Brackett Executive Vice President 342425 0 17500 0 27570 0 64781 0 33188 0 485464 0 0 Dr Thomas Wermuth VP of Academic Affairs 265809 0 17500 0 138 0 31800 0 11968 0 327215 0 0 Sean P Kaylor VP of Admissions & Enrollment 246279 0 17500 0 1788 0 30110 0 30638 0 326315 0 0 John Pecchia VP of Business Affairs, CFO 276985 0 17500 0 396 0 21097 0 23795 0 339773 0 0 Christopher DelGiorno VP of College Advancement 226589 0 15000 0 4084 0 17342 0 30638 0 293653 0 0 William T Thirsk VP of Information Tech, CIO 238685 0 17500 0 138 0 24392 0 23793 0 304508 0 0 Deborah DiCaprio VP/Dean of Student Affairs 212637 0 15000 0 396 0 26073 0 30638 0 284744 0 0 Dr John Ritschdorff Assoc. VP of Academic Affairs 193144 0 2500 0 762 0 21614 0 24586 0 242606 0 0 Deborah Raikes-Colbert Assoc. VP of Human Resources 158873 0 15000 0 762 0 12120 0 4278 0 191033 0 0 Dr Lee Miringoff Director of MIPO 300938 0 17500 0 4856 0 25182 0 25657 0 374133 0 0 Dr Barbara Carvalho Director of Marist Poll 242283 0 17500 0 258 0 18137 0 12768 0 290946 0 0 Lawrence Singleton Dean, School of Management 240914 0 5000 0 396 0 25943 0 26344 0 298597 0 0 Dr Roger Norton Dean, Computer Science & Math 228635 0 17500 0 396 0 27870 0 23794 0 298195 0 0 Michael Maker Head Coach, Men's Basketball 232405 0 0 0 1114 0 17771 0 30638 0 281928 0 0 Dr Roy H Merolli Former Executive VP 127830 0 0 0 3522 0 14643 0 1742 0 147737 0 0 Dr Dennis J Murray President Emeritus (7/1/2016) 487113 0 350000 0 385037 0 31800 0 48783 0 1302733 0 0 Justin Butwell Director of Physical Plant 174804 0 32500 0 138 0 20742 0 31478 0 259662 0 SCHEDULE J, PART I, QUESTION 1A TRAVEL FOR COMPANION IS VERY LIMITED AND ALWAYS INCLUDES A CLEAR BUSINESS PURPOSE FOR THE COMPANION AND MUST BE PRE-APPROVED BY THE PRESIDENT. PRESIDENT'S COMPANION IS APPROVED BY THE CHAIR OF BOARD OF TRUSTEES. SEVERAL EMPLOYEES TAKE THEIR SPOUSES WHEN TRAVELLING BASED ON REQUIRED BUSINESS INCLUSION FOR ADVANCEMENT AND ENROLLMENT EVENTS. THE FOLLOWING INDIVIDUALS RECEIVED THIS BENEFIT IN 2016 - PRESIDENT, PRESIDENT EMERITUS, EXECUTIVE VICE PRESIDENT, VICE PRESIDENT OF ADVANCEMENT, DIRECTOR, MIPO, AND DEAN, COMPUTER SCIENCE & MATH. THESE TRAVEL BENEFITS WERE FOR BONA FIDE BUSINESS PURPOSES AND WERE NOT INCLUDED IN THEIR TAXABLE WAGES. SCHEDULE J, PART I, QUESTION 1A HOUSING ALLOWANCE OR RESIDENCE FOR PERSONAL USE - THE PRESIDENT AND PRESIDENT-EMERITUS OF THE COLLEGE ARE PROVIDED WITH HOUSING IN CLOSE PROXIMITY TO THE CAMPUS IN ORDER FOR THEM TO ATTEND TO EMERGENT SITUATIONS ON A 24/7 BASIS. THE HOUSING IS PROVIDED AS A CONDITION OF EMPLOYMENT, IS USED FOR COLLEGE BUSINESS AND ENTERTAINMENT PURPOSES AND AS A CONVENIENCE TO THE COLLEGE TO ENABLE THEM TO PERFORM THEIR DUTIES. THE FAIR MARKET VALUE OF THE RESIDENCES ARE SHOWN IN COLUMN D, AMOUNTS ARE BASED ON THE VALUE OF THE PROPERTY AND ARE REPORTED IN COLUMN D ON SCHEDULE J. After the step down as President on June 30, 2016, Dr. Murray assumed the titles of President Emeritus, Professor of Public Policy and advisor to the Chair of the Board. As long as he continues as an employee of the College, he will be eligible for the same employee benefits as other top officers and tenured faculty of the College. He may continue to reside in College provided housing and pursuant to roles as President Emeritus, the home will be used for work, entertainment, fundraising, and evening meetings pertaining to the College. Continued residence in the home is for the convenience and benefit of the College and required as a condition of his employment with the College, including as President Emeritus. Schedule J, Part I, Question 1A The President Emeritus received gross-up payments that were included in his taxable wages. SCHEDULE J, PART I, QUESTION 1A HEALTH OR SOCIAL CLUB DUES OR INITIATION FEES - THE COLLEGE PAYS CLUB MEMBERSHIP FEES FOR FOUR EXECUTIVES, WHICH ARE INTENDED TO BE USED EXCLUSIVELY FOR THE COLLEGE'S BUSINESS ENTERTAINMENT OR COLLEGE SPONSORED EVENTS. TO THE EXTENT THERE IS ANY PERSONAL USE OF THESE PRIVILEGES, THE INDIVIDUAL EXECUTIVES ARE TAXED ON THE VALUE OF THE USE. THE EXECUTIVE VICE PRESIDENT IS THE ONLY ONE OF THE FOUR EXECUTIVES TAXED ON PERSONAL USE OF THE MEMBERSHIP. THE MEMBERSHIP DUES ARE INCLUDED IN HIS TAXABLE WAGES. THE OTHER THREE EXECUTIVES USE THE MEMBERSHIP EXCLUSIVELY FOR BUSINESS PURPOSES. SCHEDULE J, PART I, LINE 3 COMPENSATION COMMITTEE AND INDEPENDENT COMPENSATION CONSULTANT - COMPENSATION COMMITTEE AND INDEPENDENT COMPENSATION CONSULTANT WERE USED TO EVALUATE SALARIES AND COMPENSATION FOR EXECUTIVES DURING FY17. SCHEDULE J, PART I, QUESTION 4B EFFECTIVE JULY 1, 2011, THE COLLEGE PUT IN PLACE A NON-QUALIFIED SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN (SERP) FOR THE PRESIDENT OF THE COLLEGE. AS OF JUNE 30, 2016, THE SERP WAS FULLY VESTED AND PAID IN THE AMOUNT OF $346,897. THE AMOUNT WAS INCLUDED IN THE COLUMN B(iii) OF SCHEDULE J - OTHER REPORTABLE COMPENSATION. THE COLLEGE HAS IN PLACE A NON-QUALIFIED DEFERRED COMPENSATION PLAN FOR THE EXECUTIVE VICE PRESIDENT, A HEAD COACH AND 2 DIRECTORS OF MIPO. THE ANNUAL ACCRUALS FOR THESE BENEFITS HAVE BEEN REPORTED DESPITE BEING SUBJECT TO A SUBSTANTIAL RISK OF FORFEITURE AND CONTINGENT UPON THE EXECUTIVE'S CONTINUED EMPLOYMENT AT THE COLLEGE. THE VALUE OF THE ACCRUAL FOR CALENDAR YEAR 2016 IS INCLUDED IN THE DEFERRED COMPENSATION COLUMN (COLUMN C) OF SCHEDULE J. SCHEDULE J, PART I, QUESTION 7 NON-FIXED PAYMENTS: ANNUALLY, PAY AWARDS WERE GIVEN IN RECOGNITION OF EMPLOYEES CONTRIBUTIONS TO THE OVERALL SUCCESS OF THE COLLEGE. ANY VARIABLE PAY AWARDS IN FUTURE YEARS WILL BE CONTINGENT ON INDIVIDUAL PERFORMANCE AND THE CONTINUED SUCCESS OF THE COLLEGE. SCHEDULE J, PART II, COLUMN B(III) THE PRESIDENTS OTHER REPORTABLE COMPENSATION AMOUNT INCREASED DUE TO A CASH SURRENDER VALUE OF LIFE INSURANCE. A Dutchess County IDA 141613685 267041GN5 2008-01-25 20000000 Student housing, parking lot, RDW. false false false B Dutchess County LDC 273106797 267045BL5 2012-05-17 15415962 Refund bonds issued on 3/7/03 false false false C Dutchess County LDC 273106797 267045CV2 2013-03-28 15262546 Addition and renov. of student ctr false false false D Dutchess County LDC 273106797 267045FF4 2015-06-25 90557609 Allied SC bldg N Campus housing false false false A 3460000 548833 20000000 0 0 0 301631 81184 0 19414060 203126 0 2009 false false true true B 4035000 1695000 15415962 0 0 0 169748 0 0 0 15246214 0 2004 true false true true C 860000 305000 15262546 0 0 0 259259 0 0 15003287 0 0 2014 false false true true D 0 0 90557609 20278822 0 0 851534 0 0 89706075 0 0 2016 false false true true A false false false false 0 false false false true B false false false false 0 false false false true C false false false false 0 false false false true D false false false false 0 false false false true A true true false 0 false false false 0 false true B true false false 0 false false false 0 false true C false true false false false false 0 false false false 0 false true D false true false false false false 0 false false false 0 false true A true B true C true D true PART II, LINE 7, STUDENT CENTER ADDITION/RENOVATION THE COLLEGE FINANCED A PORTION OF THE COSTS OF ISSUANCE WITH A POST-ISSUE DATE EQUITY CONTRIBUTION AND APPLIED THE ADDITIONAL PROCEEDS TO FINANCE PROJECT COSTS. THE POST-ISSUANCE EQUITY CONTRIBUTION CAUSED THE ACTUAL AMOUNT OF BOND-FINANCED ISSUANCE COSTS TO BE LESS THAN THE AMOUNT REPORTED ON THE FORM 8038. PART II, LINE 10, COLUMNS A & B AMOUNTS LISTED INCLUDE CAPITALIZED DELIVERY DATE EXPENSES NOT SUBJECT TO THE 2 PERCENT LIMITATION IN SECTION 147(G) OF THE CODE. SCHEUDLE K AN ASSET MANAGEMENT FIRM PERFORMED AN ARBITRAGE REBATE & YIELD RESTRICTION LIABILITY CALCULATION FOR MARIST COLLEGE. BASED ON THEIR FINDINGS, THE COLLEGE WAS FOUND TO BE COMPLIANT. PART IV, LINE 2C, COLUMN A The rebate computation was completed on 11/12/2015. PART IV, LINE 2C, COLUMN B The rebate computation was completed on 06/22/2017. X 26 217407 Avg Price DOT X Supplies 1 4000 Est Market Value X Fixtures-Awning 1 4500 Market Value X Photography Equipment 1 1965 Market Value 0 false true false EXPLANATION OF NONCASH CONTRIBUTIONS MARIST COLLEGE REPORTS THE NUMBER OF CONTRIBUTIONS RECEIVED IN COLUMN B, NOT THE NUMBER OF ITEMS. AMOUNT REPORTED IN BOX 3 OF FORM 1096 FORM 990, PART V, LINE 1A MARIST COLLEGE IS REPORTING THE NUMBER FROM FORM 1096, BOX 3, LESS THE AMOUNT OF FORMS 1098-T PROVIDED TO STUDENTS DURING THE YEAR. FOR 2016, THERE WERE 6,469 FORMS 1098-T ISSUED. ORGANIZATION'S REVIEW PROCESS OF FORM 990 FORM 990, PART VI, LINE 11B THE ORGANIZATION'S FORM 990 IS PRESENTED TO THE AUDIT COMMITTEE BY THE INDEPENDENT ACCOUNTING FIRM AND REVIEWED BY THE BOARD OF TRUSTEES PRIOR TO FILING. ENFORCEMENT AND COMPLIANCE OF CONFLICTS OF INTEREST POLICY FORM 990, PART VI, LINE 12C AS AN ON-GOING PRACTICE AND AS REQUIRED BY OUR CODE OF ETHICS, ALL TRUSTEES ARE REQUIRED TO COMPLETE CONFLICT OF INTEREST STATEMENTS ON AN ANNUAL BASIS IN WHICH THEY ARE ASKED TO DISCUSS ANY BUSINESS RELATIONSHIPS THEY OR A MEMBER OF THEIR FAMILIES HAVE WITH THE COLLEGE. THE AUDIT COMMITTEE REVIEWS THESE STATEMENTS FOR COMPLIANCE ANNUALLY. OUR CODE OF ETHICS ALSO REQUIRES THAT ALL EXECUTIVES, DEANS AND SELECTED STAFF WITH FISCAL RESPONSIBILITIES FOR THE COLLEGE COMPLETE A CONFLICT OF INTEREST STATEMENT ANNUALLY. COMPLETED STATEMENTS THAT INDICATE A POTENTIAL CONFLICT OF INTEREST ARE REVIEWED BY THE CHIEF FINANCIAL OFFICER, ASSOCIATE VICE PRESIDENT FOR HUMAN RESOURCES, AND THE EXECUTIVE VICE PRESIDENT. IF A CONFLICT EXISTS, APPROPRIATE ACTION IS TAKEN TO ENSURE FULL DISCLOSURE OR TERMINATION OF THE ARRANGEMENT. COMPENSATION PROCESS FOR TOP MANAGEMENT OFFICIAL FORM 990, PART VI, LINE 15A THE COMPENSATION AND RETIREMENT PROGRAM FOR THE PRESIDENT WAS BASED ON A COMPREHENSIVE ANALYSIS CONDUCTED BY AN INDEPENDENT EXECUTIVE COMPENSATION CONSULTING FIRM. THE PRESIDENT'S CONTRACT WAS RECOMMENDED BY THE BOARD COMMITTEE ON PRESIDENTIAL REVIEW AND COMPENSATION (RESPONSIBLE FOR PRESIDENTIAL EVALUATION AND COMPENSATION), AND APPROVED BY THE FULL BOARD OF TRUSTEES. THE PRESIDENT'S PERFORMANCE IS REVIEWED ON AN ANNUAL BASIS BY THE COMMITTEE ON PRESIDENTIAL REVIEW AND COMPENSATION AND CHANGES IN COMPENSATION ARE RECOMMENDED TO THE FULL BOARD FOR APPROVAL. THE COMMITTEE ON PRESIDENTIAL REVIEW AND COMPENSATION BASES ITS RECOMMENDATIONS FOR ADJUSTMENTS ON PERFORMANCE AND A REVIEW OF APPROPRIATE COLLEGE AND UNIVERSITY PERSONNEL ASSOCIATION (CUPA) DATA ON PRESIDENTIAL COMPENSATION AND THE PROCESS AND DECISION IS CONTEMPORANEOUSLY DOCUMENTED IN THE MINUTES. COMPENSATION PROCESS FOR OFFICERS AND KEY EMPLOYEES FORM 990, PART VI, LINE 15B SENIOR OFFICER COMPENSATION IS ESTABLISHED AFTER A REVIEW OF COMPENSATION DATA FROM CUPA AT PRIVATE INSTITUTIONS OF HIGHER EDUCATION BASED ON ANNUAL BUDGET SIZE AND ENROLLMENT. IN ADDITION TO SALARY COMPARABILITY AT OTHER INSTITUTIONS, PERFORMANCE AND YEARS OF SERVICE IN THE POSITION ARE ALSO FACTORS CONSIDERED BY THE PRESIDENT IN DETERMINING A SENIOR OFFICER'S ANNUAL SALARY. ONCE THE PRESIDENT HAS COMPLETED HIS REVIEW OF SENIOR OFFICER COMPENSATION, THE PRESIDENT'S RECOMMENDATIONS ARE BROUGHT TO THE BOARD OF TRUSTEES FOR REVIEW AND APPROVAL. GOVERNING DOCUMENTS DISCLOSURE FORM 990, PART VI, LINE 19 THE COLLEGE'S GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST FROM THE OFFICE OF THE CHIEF FINANCIAL OFFICER. THE FINANCIAL STATEMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE ON THE COLLEGE'S WEBSITE AT MARIST.EDU. BALANCE SHEET FORM 990, PART X, LINES 9 & 20 IN APRIL 2015, THE FASB ISSUED ASU 2015-03, SIMPLIFYING THE PRESENTATION OF DEBT ISSUANCE COSTS. THE ASU REQUIRES THAT DEFERRED BOND ISSUANCE COSTS BE PRESENTED NET OF RELATED DEBT ON THE STATEMENTS OF FINANCIAL POSITION. THE ASU IS EFFECTIVE FOR FISCAL YEARS BEGINNING AFTER DECEMBER 31, 2015, WITH EARLY ADOPTION PERMITTED AND APPLIED RETROSPECTIVELY. MANAGEMENT HAS ELECTED TO EARLY ADOPT THE ASU, EFFECTIVE FOR THE YEAR ENDED JUNE 30, 2017, AND HAS APPLIED THE GUIDANCE RETROACTIVELY FOR ALL PERIODS PRESENTED. BOND ISSUANCE COSTS CONTINUE TO BE AMORTIZED OVER THE LIVES OF THE RESPECTIVE BONDS TO WHICH THEY PERTAIN. OTHER CHANGES IN NET ASSETS FORM 990, PART XI, LINE 9 MRPS NET CHANGE IN FIXED ASSETS 322,618 CHANGE IN INTEREST RATE SWAP OBLIGATION, OTHER (3,048,815) PENSION & POST RETIREMENT CHANGES (1,479,762) MRPS DEPRECIATION 180,242 PAYMENT TO BENEFICIARIES 760 ______________ (4,024,957) VAYU LLC 3399 NORTH ROAD POUGHKEEPSIE NY 12601 133727712 EDUCATIONAL NY 0 14682754 MARIST COL Marist Real Property Services Inc 3399 North Road Poughkeepsie NY 12601 141785087 Real Prop NY 501(C)(3) 12A Marist Coll true MARIST REAL PROPERTY SERVICES TWO INC 3399 NORTH ROAD POUGHKEEPSIE NY 12601 141825215 REAL PROP NY MARIST COL C Corp 0 175000 1.00000 true false false false false false false false false false false false false false true true false false false false