2018-04-17T15:28:52-07:00 2017-05-31 990 2016-06-01 060653264 CULINARY INSTITUTE OF AMERICA CULI 8454511478 1946 CAMPUS DRIVE HYDE PARK NY 12538 MARIA KRUPIN VP-FINANCE 8454511478 2018-04-16 38.122.229.154 2016 2021-01-29 14:40:06Z MARIA KRUPIN 1946 CAMPUS DRIVE HYDE PARK NY 12538 174282722 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. 23 23 1173 0 27830 18706 23769836 13083085 160873935 160426645 446121 -440884 967331 353387 186057223 173422233 28932684 28836803 0 0 77205523 75410585 0 0 1893502 69249834 66906030 175388041 171153418 10669182 2268815 426331144 463656587 166936839 188498159 259394305 275158428 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 141378318 28836803 160426645 THE CULINARY INSTITUTE OF AMERICA (INSTITUTE) HAS BEEN A LEADER IN CULINARY EDUCATION SINCE 1946. THE INSTITUTE HAS THREE DOMESTIC CAMPUSES, LOCATED ON THE EAST AND WEST COASTS OF THE UNITED STATES OF AMERICA IN HYDE PARK, NY AND ST. HELENA AND NAPA, CA (GREYSTONE AND COPIA), RESPECTIVELY, AS WELL AS A CAMPUS IN SAN ANTONIO, TX., AND ALSO A INTERNATIONAL CAMPUS IN SINGAPORE. AT ITS HYDE PARK CAMPUS, THE INSTITUTE OFFERS ASSOCIATE'S DEGREES, IN EITHER CULINARY ARTS OR BAKING AND PASTRY ARTS, BACHELOR'S OF PROFESSIONAL STUDIES DEGREES IN CULINARY ARTS MANAGEMENT OR BAKING AND PASTRY ARTS MANAGEMENT, AND A BACHELOR'S DEGREE IN CULINARY SCIENCE. AT ITS GREYSTONE CAMPUS, THE INSTITUTE OFFERS EITHER CULINARY ARTS OR BAKING AND PASTRY ASSOCIATE'S DEGREES. AT ITS SAN ANTONIO CAMPUS, THE INSTITUTE OFFERS AN ASSOCIATE IN APPLIED SCIENCE (AAS) DEGREE IN CULINARY ARTS. AT THE GREYSTONE CAMPUS, CREDIT BEARING CERTIFICATE PROGRAMS ARE ALSO OFFERED. IN ADDITION, THE INSTITUTE OFFERS CONTINUING EDUCATION PROGRAMS AT ALL OF ITS CAMPUSES. IN FY1617, THE INSTITUTE HAD A STRONG YEAR FINANCIALLY AS BOTH OPERATIONS AND TOTAL NET ASSETS HAD POSITIVE GAINS FOR THE YEAR AND IMPROVED FROM LAST YEAR. THE CIA CONTINUED TO EXPAND ITS DEGREE AND EDUCATIONAL PROGRAMS. THE CIA LAUNCHED ITS FIRST GRADUATE CERTIFICATE PROGRAM,THE WINE AND BEVERAGE GRADUATE CERTIFICATE. IT'S A TWO SEMESTER PROGRAM, THAT HAD ITS FIRST GRADUATING CLASS IN MARCH 2017. THE CIA ALSO ADDED MULTIPLE BACHELOR DEGREE CONCENTRATIONS TO THE CURRICULUM. IN FEBRUARY 2017, THE CIA ALSO HELD THE GRAND OPENING FOR THE NEW COPIA CAMPUS. COPIA HAS SIGNIFICANTLY EXPANDED THE CIA'S PRESENCE IN THE NAPA VALLEY. THE CIA AT COPIA FEATURES A RESTAURANT, SPECIAL EVENTS, RETAIL STORE, LEADERSHIP CONFERENCES AND EDUCATIONAL PROGRAMS. THE INSTITUTE'S STUDENT POPULATION, WHICH REPRESENTS 49 STATES AND 45 COUNTRIES, REMAINS DIVERSE AND STRONG. OUR GRADUATES REMAIN IN HIGH DEMAND AS THE LARGE MAJORITY OF OUR STUDENTS ARE SUCCESSFULLY PLACED IN EMPLOYMENT UPON GRADUATION. 0 0 0 141378318 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 1 309 0 1 1173 1 1 1 1 SN 0 0 0 1 1 0 0 0 0 X 23 23 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 X 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 CHAIRMAN 1.15 0 X 0 0 0 JOSEPH H WENDER TRUSTEE 1.15 0 X 0 0 0 LORI DANIEL TRUSTEE 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 VICE CHAIRMAN 1.15 0 X 0 0 0 JONATHAN KAPLAN TRUSTEE 1.15 0 X 0 0 0 ROBERT MUH TRUSTEE 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 TIM CURCI TRUSTEE 1.15 0 X 0 0 0 ROY YAMAGUCHI SECRETARY 1.15 0 X 0 0 0 LAWRENCE T RYAN PRESIDENT 40 0 X 966766 0 199898 MARK ERICKSON PROVOST 40 0 X 411738 0 99701 BRUCE HILLENBRAND VICE PRESIDENT-ADMISSIONS AND MARKETING 40 0 X 145393 0 23422 RICHARD MIGNAULT VICE PRESIDENT-ADMIN. AND SHARED SERVICES 40 0 X 349764 0 85345 JACKIE NEALON VICE PRESIDENT-ENROLLMENT MGT AND MARKETING 40 0 X 258937 0 48451 ROSE CHIN VICE PRESIDENT-MARKETING AND STRATEGY 40 0 X 236123 0 37142 MARIA KRUPIN VICE PRESIDENT-FINANCE 40 0 X 273568 0 77126 VICTOR GIELISSE VICE PRESIDENT-ADVANCEMENT/ BUS. DEVELOPMENT 40 0 X 323311 0 74641 GREGORY DRESCHER VICE PRESIDENT-STRATEGIC INITIATIVES 40 0 X 259415 0 79992 KEVIN ALLAN VICE PRESIDENT-ADVANCEMENT 40 0 X 49039 0 8655 MICHAEL SPERLING VICE PRESIDENT-ACADEMIC AFFAIRS 40 0 X 271156 0 87617 THOMAS BENSEL MANAGING DIRECTOR OF GREYSTONE 40 0 X 226301 0 55435 SUSAN CUSSEN ASSOCIATE VP- BRANCH CAMPUSES 40 0 X 197277 0 41403 GENEVIEVE S FELDER MANAGING DIRECTOR OF SINGAPORE 40 0 X 465325 0 33089 FERNANDO SALAZAR MANAGING DIRECTOR OF SAN ANTONIO 40 0 X 202273 0 31929 WILLIAM ROZENWEIG EXECUTIVE DIRECTOR -THE FOOD BUSINESS SCHOOL 40 0 X 220398 0 20158 WALDENESE MALOUF SENIOR DIRECTOR -FOOD AND BEVERAGE OPS 40 0 X 195994 0 48998 HERMAN TIETJEN ASSOCIATE VP- CHIEF OF STAFF 40 0 X 193039 0 58926 5245817 0 1111928 167 0 1 0 LCS Companies of NY 381 Main Street Poughkeepsie NY 12601 Custodial Services 5366751 Restaurant Associates 330 Fifth Avenue New York NY 10001 Dining Services 4175136 Wright Contracting PO Box 1270 Santa Rosa CA 95402 Construction 2703923 Campus Works 1767 Lakewood Ranch Blvd Bradenton FL 34211 Information Technology 1172592 LCS Services of California 2350 1st Street Napa CA 94559 Custodial Services 1086680 31 0 0 1343235 0 813089 10926761 2566980 13083085 TUITION, DORM & STUDENT FEES 611310 144348226 144348226 0 0 EDUCATIONAL SERVICES 611310 9111959 9111959 0 0 STUDENT MEALS INCOME 611310 2028370 2028370 0 0 BOOKSTORE 611310 975393 0 0 975393 SPECIAL EVENTS 611310 2527252 0 0 2527252 1435445 157450 0 1277995 160426645 101073 0 27830 73243 0 0 0 0 534022 534022 0 0 128146 0 0 0 128146 0 128146 0 0 128146 -544672 2715 0 0 -544672 2715 -541957 0 0 -541957 150527 1343235 860489 -709962 0 -709962 0 0 0 0 0 0 CASH DISCOUNT ON PURCHASES 900099 3234 0 0 3234 397947 0 0 397947 401181 173422233 156180027 27830 4131291 X 0 0 28235469 28235469 601334 601334 0 0 4719351 1215988 2941173 562190 0 0 0 0 53612031 43702675 9229532 679824 3206216 2518215 631683 56318 10229680 8970186 1044591 214903 3643307 3216899 345797 80611 0 0 0 0 512420 31804 477805 2811 130000 0 130000 0 0 0 0 0 0 0 73819 0 73819 0 19570880 16682330 2861821 26729 1621318 470118 1151200 0 2909123 2362432 524266 22425 1293022 155537 1137485 0 0 0 0 0 4831586 3704891 1124371 2324 1698337 1078212 540090 80035 0 0 0 0 87981 74125 13606 250 5625489 4979436 642218 3835 0 0 0 0 9975161 8093113 1753317 128731 730157 42916 687241 0 FOOD & BEVERAGE COSTS 9134933 8935682 196942 2309 STUDENT SUPPLIES 2936641 2936125 516 0 EQUIPMENT 1774725 1525873 246869 1983 NON FOOD COST OF GOODS SOLD 1159291 1038027 99471 21793 2841147 806931 2027785 6431 171153418 141378318 27881598 1893502 8988516 18727258 136898 118413 15909855 10077831 5212968 8463577 0 0 0 0 2096715 1885328 2616073 2752790 3110814 3072588 403418860 151676827 249174683 251742033 1515232 1620330 122112539 134504833 0 0 0 0 15456851 30691606 426331144 463656587 7617153 7208726 1755887 1794824 18935533 20533013 118716934 143571835 0 0 0 0 0 0 0 0 19911332 15389761 166936839 188498159 X 191978811 202238292 38309847 42928493 29105647 29991643 259394305 275158428 426331144 463656587 X 2268815 14071258 464664 0 0 -1040614 X 0 1 X 1 1 1 X 9909988 7453446 13378101 23769836 13083085 67594456 9909988 7453446 13378101 23769836 13083085 67594456 22598936 44995520 1885919 1129757 846144 1032247 763241 5657308 497440 403107 738961 823696 401182 2864386 76116150 764681027 0.59114 0.7315 X Schedule A, Part II, Line 10 OTHER INCOME PRIMARILY REPRESENTS MISCELLANEOUS STUDENT RELATED FEES SUCH AS VENDING INCOME AND OTHER SIMILAR FEES. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 4414 4414 0 Schedule C, Part II-B, Line 1 THE INSTITUTE IS A MEMBER OF THE NATIONAL ASSOCIATION OF COLLEGE AND UNIVERSITY BUSINESS OFFICERS, WHICH ALLOCATES A PORTION OF THE DUES PAID TO LOBBYING ACTIVITY. TOTAL DUES PAID TO NACUBO, WAS $ 4,144 IN FY 16-17. UNABLE TO DETERMINE THE AMOUNT ALLOCATED TO LOBBYING ACTIVITIES. X X 2 10.20 0 0 0 1 1 40 1200 0 12375 12375 0 0 X X 0 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 100155107 5337796 15203447 4908420 657439 0 115130491 0.53 0.23 0.24 0 0 0 8725418 8725418 0 310824430 84001530 226822900 0 0 0 0 0 80971145 67675297 13295848 0 2897867 0 2897867 251742033 0 0 MULTI STRATEGY FUNDS 130750653 F REAL ASSETS 966564 F PRIVATE EQUITY 2582616 F LAND & OTHER 205000 F 134504833 OTHER RECEIVABLES 2496256 DEPOSITS WITH BOND TRUSTEES 28195350 30691606 0 OTHER ACCRUED LIABLILITIES 9671413 CURRENT VALUE OF DERIVATIVE 5718348 15389761 X 160302726 14071258 464664 0 -28442099 -13906177 174208903 73819 -860489 -786670 173422233 144514423 464664 0 0 946474 1411138 143103285 73819 27976314 28050133 171153418 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 4 ART COLLECTION RECEIVED FROM BOB GUTENSTEIN. THE COLLECTION IS ON DISPLAY AT OUR RESTAURANT ON THE COPIA CAMPUS. DURING THE FISCAL YEAR, THE INSTITUTE ALSO RECEIVED VARIOUS ART ITEMS FROM THE CHUCK WILLIAMS FOUNDATION. THE INSTITUTE IS CONSTRUCTING A MUSEUM ON THE CALIFORNIA, COPIA CAMPUS, AND THE ITEMS WILL BE ON PUBLIC DISPLAY, AFTER THE MUSEUM IS CONSTRUCTED. 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 2015-2016. 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 (-28,836,803), APPRECIATION IN FAIR VALUE OF DERIVATIVE ( $1,078,386) , SINGAPORE AFFILIATE REVENUES ( $970,654), AND THE COST S RELATED TO REISSUANCE OF DEBT ($ -1,654,336). 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 ( $ -860,489) , NET OF SCHOLARSHIPS AND GRANTS TO STUDENTS $ 28,836,803 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 1505980 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 787800 East Asia and the Pacific 0 0 Grantmaking SCHOLARSHIPS TO FOREIGN STUDENTS 601334 1 3 2895114 SCHOLARSHIPS TO FOREIGN STUDENTS East Asia and the Pacific 601334 BASED ON TUITION COSTS 0 0 1 1 0 0 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. GALA EVENTS 810865 679400 131465 0 0 119165 52300 1386 501830 OTHER EVENTS 682897 663835 19062 0 0 52481 51494 400 81433 0 1493762 1343235 150527 0 0 171646 103794 1786 583263 860489 -709962 1 STUDENT SCHOLARSHIPS AND GRANTS. NUMBER OF RECIPIENTS IS ESTIMATED AS FOLLOWS; TOTAL NUMBER OF STUDENTS (2,159) X ESTIMATED PERCENTAGE OF STUDENTS WHO RECEIVE SCHOLARSHIPS AND GRANTS (91%). 1965 28235469 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 1 0 0 0 0 0 0 0 0 LAWRENCE T RYAN PRESIDENT 601174 0 0 0 365591 0 85444 0 114454 0 1166663 0 69844 0 MARK ERICKSON PROVOST 368443 0 0 0 43296 0 62171 0 37530 0 511440 0 37312 0 BRUCE HILLENBRAND VICE PRESIDENT-ADMISSIONS AND MARKETING 55808 0 0 0 89585 0 9989 0 13434 0 168816 0 89555 0 RICHARD MIGNAULT VICE PRESIDENT-ADMIN. AND SHARED SERVICES 308785 0 0 0 40979 0 56205 0 29140 0 435109 0 34618 0 JACKIE NEALON VICE PRESIDENT-ENROLLMENT MGT AND MARKETING 235577 0 15000 0 8360 0 23558 0 24893 0 307388 0 0 0 ROSE CHIN VICE PRESIDENT-MARKETING AND STRATEGY 117692 0 0 0 118430 0 17654 0 19488 0 273264 0 0 0 MARIA KRUPIN VICE PRESIDENT-FINANCE 265200 0 0 0 8368 0 46900 0 30226 0 350694 0 0 0 VICTOR GIELISSE VICE PRESIDENT-ADVANCEMENT/ BUS. DEVELOPMENT 230851 0 0 0 92460 0 44997 0 29644 0 397952 0 91955 0 GREGORY DRESCHER VICE PRESIDENT-STRATEGIC INITIATIVES 235377 0 0 0 24038 0 45902 0 34090 0 339407 0 23840 0 KEVIN ALLAN VICE PRESIDENT-ADVANCEMENT 49038 0 0 0 0 0 4904 0 3751 0 57693 0 0 0 MICHAEL SPERLING VICE PRESIDENT-ACADEMIC AFFAIRS 230397 0 0 0 40759 0 44906 0 42711 0 358773 0 40307 0 THOMAS BENSEL MANAGING DIRECTOR OF GREYSTONE 224783 0 0 0 1518 0 20605 0 34830 0 281736 0 0 0 GENEVIEVE S FELDER MANAGING DIRECTOR OF SINGAPORE 184637 0 0 0 280689 0 16429 0 16660 0 498415 0 0 0 SUSAN CUSSEN ASSOCIATE VP- BRANCH CAMPUSES 196748 0 0 0 529 0 18502 0 22901 0 238680 0 0 0 FERNANDO SALAZAR MANAGING DIRECTOR OF SAN ANTONIO 200561 0 0 0 1712 0 7885 0 24044 0 234202 0 0 0 WALDENESE MALOUF SENIOR DIRECTOR -FOOD AND BEVERAGE OPS 175000 0 19250 0 1744 0 16327 0 32671 0 244992 0 0 0 HERMAN TIETJEN ASSOCIATE VP- CHIEF OF STAFF 192671 0 0 0 368 0 18094 0 40832 0 251965 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. THE PRESIDENTS PERSONAL USE PORTION OF THIS SERVICE IS INCLUDED IN HIS W2. Schedule J, Part I, Line 3 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. Schedule J, Part I, Line 4 UPON SEPERATION FROM EMPLOYMENT WITH THE INSTITUTE, ROSE CHIN, RECEIVED A SEVERANCE PAYMENT OF $ 106,250.. A DORM AUTHORITY OF THE STATE OF NEW YORK SERIES 2004A 146000293 64893U4R8 2004-02-11 9663022 REFUNDING 0 0 0 B DORM AUTHORITY OF THE STATE OF NEW YORK SERIES 2004B AND 2004C 146000293 64983U7TI 2004-02-11 33452056 CONSTRUCTION 0 0 0 C DORM AUTHORITY OF THE STATE OF NEW YORK SERIES 2004D 146000293 64893TZS5 2004-07-22 19000000 CONSTRUCTION 0 0 0 D DORM AUTHORITY OF THE STATE OF NEW YORK SERIES 2006 146000293 64983Q000 2006-08-31 15125000 CONSTRUCTION 0 0 0 A 4085000 5675000 9769843 0 0 0 190945 271032 0 0 8788808 0 1999 0 1 1 1 B 9720000 23725000 33916503 0 0 427136 1088859 0 0 31000520 0 0 2006 0 0 1 1 C 5000000 0 19429031 1094379 0 0 219455 557205 0 17646942 0 0 2006 0 0 1 1 D 3150000 0 15540031 886356 0 0 242102 435587 0 14007926 0 0 2007 0 0 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 0 0 0 0 0 B 0 0 1 0 1 1 TD BANKNORTH 30 0 0 0 0 0 C 0 0 1 0 1 1 TD BANKNORTH 30 0 0 0 0 0 D 0 0 1 0 1 1 TD BANKNORTH 30 0 0 0 0 0 A 0 B 0 C 0 D 0 A CALIFORNIA STATEWIDE COMMISSION DEVELOPMENT AUTHORITY-SERIES 2008 680164610 130795ZR1 2008-11-18 18200000 CONSTRUCTION AND REFUNDING 0 0 0 B DORM AUTHORITY OF THE STATE OF NEW YORK SERIES 2012 146000293 649907FT4 2012-10-26 24505780 CONSTRUCTION AND REFUNDING 0 0 0 C DORM AUTHORITY OF THE STATE OF NEW YORK -SERIES 2013 146000293 649907VHZ 2013-09-19 31057404 CONSTRUCTION 0 0 0 D DUTCHESS COUNTY LOCAL DEVELOPMENT CORPORATION SERIES 2016A 273106797 267045HV7 2016-09-14 39943701 CONSTRUCTION AND REFUNDING 0 0 0 A 6275000 0 18207730 0 0 0 335748 82794 0 6005375 11776083 0 2009 0 1 1 1 B 3425000 0 24524657 1486653 0 0 321588 0 0 11985621 10600505 0 2014 0 1 1 1 C 1065000 0 31095273 0 0 0 353780 0 0 30663624 0 0 2015 0 0 1 1 D 0 0 40168942 0 0 0 607854 0 0 0 30758619 8577228 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 1 0 0 0 0 0 0 A 0 1 0 0 1 1 TD BANKNORTH 30 1 1 0 0 0 B 0 1 0 0 0 0 0 0 0 C 0 1 0 0 0 0 0 0 0 D 0 1 0 0 0 0 0 0 0 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 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. THE REMAINING PROCEEDS WILL BE SPENT ON CAPITAL EXPENDITURES A CALIFORNIA STATEWIDE COMMUNITIES DEVELOPMENT AUTHORITY SERIES 2016B 660164610 13080SNJ9 2016-08-30 15222106 CONSTRUCTION 0 0 0 A 0 0 15227905 0 0 252966 0 0 0 0 4206534 10762605 0 0 1 1 A 0 0 0 0 0 0 0 0 A 0 1 0 0 0 0 0 0 0 A 0 X 1125 1691154 COST X CAPITAL EQUIPMENT 28 875826 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. 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 (6,319,020) STUDENT DINING SERVICES ($5,311,994), RESTAURANTS AND OTHER EDUCATIONAL PROGRAMS ( $6,395,209), COPY CENTER AND MAILROOM SERVICES, ADMISSIONS LEADS AND INQUIRY SERVICES, HUMAN RESOURCES AND EMPLOYEE RECRUITMENT ($1,544,657) Form 990, Part XI, Line 9 APPRECIATION IN FAIR VALUE OF SWAP DERIVATIVE ( $1,078,336), AND THE COST S RELATED TO REISSUANCE OF DEBT ($ -1,654,336). 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 218417 254916 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 770574 ACTUAL COSTS FOR EMPLOYEES WAGES AND BENEFITS AT SINGAPORE THE CULINARY INSTITUTE OF AMERICA SINGAPORE LTD n 175900 ACTUAL COSTS FOR OTHER RELATED EXPENSES AT SINGAPORE