2017-02-10T15:00:22-06:00 2016-06-30 350921680 CROWE HORWATH LLP 9600 Brownsboro Road Suite 400 Louisville KY 402411122 990 2015-07-01 141468399 Mount Saint Mary College MOUN 8455613209 330 Powell Avenue Newburgh NY 125503412 Arthur Glass II VP Finance & Administration 2017-01-31 true Rachel Spurlock P00520729 5023263996 2015 2021-01-29 14:40:06Z Arthur Glass II 330 Powell Avenue Newburgh NY 125503412 85940045 false X www.msmc.edu X 1960 NY The College is an independent, coeducational institution committed to providing students with a liberal arts education to prepare them for lives of leadership and service. Through a variety of majors and professional programs, students are also prepared for career entry or graduate and professional studies. 24 23 1185 26 0 0 2022683 1897022 69228937 73575460 1585367 1343270 -15480 -21208 72821507 76794544 16257412 18407780 0 29454622 30986245 23469 27714 671445 27337517 27308399 73073020 76730138 -251513 64406 208612883 203225545 70117785 69274897 138495098 133950648 X As reflected in its motto "Doce Me Veritatem" (Teach me the Truth), Mount Saint Mary College is an independent, coeducational institution committed to providing students with a liberal arts education to prepare them for lives of leadership and service. Through a variety of majors and professional programs, students are also prepared for career entry or graduate and professional studies. Consistent with Judeo-Christian values and the Dominican tradition of education that values the inherent worth of the individual, the mission of Mount Saint Mary College is to create an environment which fosters close false false 50260573 18407780 56313757 MOUNT SAINT MARY COLLEGE, A HIGHER EDUCATION INSTITUTION, PROVIDES UNDERGRADUATE AND GRADUATE EDUCATION FOR APPROXIMATELY 2,500 FULL AND PART TIME STUDENTS, REPRESENTING OVER 16 STATES AND SEVERAL COUNTRIES. 13842090 0 13792764 ROOM AND BOARD: THE COLLEGE SEEKS TO OFFER OUR STUDENTS INCLUSIVE COMMUNITIES, SOCIAL, AND EDUCATIONAL OPPORTUNITIES, AND SAFE AND WELL-MAINTAINED RESIDENCE FACILITIES. ALL OF OUR RESIDENCE HALLSARE NEWLY BUILT OR RECENTLY RENOVATED. MORE THAN 1,000 STUDENTS CALL OUR RESIDENCE HALLS HOME. 2501026 0 2341242 BISHOP DUNN MEMORIAL SCHOOL - ELEMENTARY SCHOOL OPERATIONS, AN ADJUNCT FACILITY ON THE MOUNT SAINT MARY COLLEGE CAMPUS, WHERE THE MOUNT'S EDUCATION STUDENTS ASSIST AND OBSERVE IN TEACHING, AND MAY COMPLETE FIELD WORK. THIS ON-CAMPUS SCHOOL IS A COMBINED ELEMENTARY SCHOOL AND MIDDLE SCHOOL FOR PRE-K THROUGH GRADE 8 PUPILS. IT OFFERS A VARIETY OF PROGRAMS, INCLUDING ENRICHMENT FOR HONORS PUPILS, SPECIAL EDUCATION, VIRTUAL FIELD TRIPS AND OTHER CREATIVE USES OF TECHNOLOGY. INDIVIDUALLY GIFTED PROGRAMS, ON BOTH PRIMARY AND MIDDLE LEVELS, ARE CONDUCTED HERE, AS WELL AS CLASSES FOR CHILDREN WITH LEARNING DISABILITIES. 370548 0 1127697 OTHER SOURCES OF INCOME SUCH AS COMMUNITY EDUCATION, SUMMER CAMPS, AND INDIRECT COST RECOVERY. 370548 1127697 66974237 true true false true false false false false false true true true false false true true true false true false true false false true true false false false true true true false false false false false false false false true false true false false false false false false false false true 3209 0 true 1185 true false false false false false true true false false false false X 24 23 false false false false false false false true true false false true true true true true true true true false X Arthur Glass II 8455693210 330 Powell Avenue Newburgh NY 125503412 X Albert J Gruner DMD Chairman 20.0 X X 0 0 0 Charles Frank Vice Chair 10.0 X X 0 0 0 Sr Lorelle Elcock OP Board Member 2.0 X 0 0 0 Kekuut Hoomkwap Board Member 1.0 X 0 0 0 Robert Murphy Board Member 5.0 X 0 0 0 Thomas C Donahoe Board Member 2.0 X 0 0 0 Sister Margaret Anderson OP Board Member 2.0 X 0 0 0 Sister Madeleine Tacy OP Board Member 1.0 X 0 0 0 Christopher J Gawley Esq Board Member 8.0 X 0 0 0 Harrison H Buxton III Board Member 2.0 X 0 0 0 Anna Halpine Board Member 4.0 X 0 0 0 Frank A Marchetti Board Member 1.0 X 0 0 0 David W Melby Board Member 4.0 X 0 0 0 Duncan Maxwell Anderson Board Member 3.0 X 0 0 0 Robert T Armistead PE Board Member 6.0 X 0 0 0 Joan Crowe Board Member 4.0 X 0 0 0 Jeanne Hosinski Board Member 4.0 X 0 0 0 Sister Maureen Sullivan Board Member 3.0 X 0 0 0 Very Reverend John A Langlois OP Board Member 1.0 X 0 0 0 Christopher Wilson Board Member 2.0 X 0 0 0 Ita M Rahilly CPA Board Member 5.0 X 0 0 0 Jonathan Gatsik Board Member 3.0 X 0 0 0 Sister Lucy Povilonis OP Board Member 2.0 X 0 0 0 Donald Daniels Jr Board Member 5.0 X 0 0 0 Andrew Bournos Board Member (Partial Year) 1.0 X 0 0 0 Anne Carson Daly President 35.0 X 313132 0 39459 James Raimo Vice President for Facilities and Operations 35.0 X 154003 0 37947 Ilona Mcguiness Vice President for Academic Affairs 35.0 X 95289 0 10933 Nancy Mazza Controller and Interim CFO from 7/1/2015-02/14/2016 35.0 X 115533 0 20349 Arthur Glass Vice President for Finance and Administration -start date: 2/15/16 35.0 X 0 0 0 Joseph Valenti Vice President for College Advancement 35.0 X 152530 0 38834 Steven Sweitzer Faculty 35.0 X 130795 0 11215 Moira Tolan Faculty 35.0 X 130531 0 13022 Andrew Weiss Faculty 35.0 X 128936 0 34089 James Cotter Faculty 35.0 X 128030 0 21608 Lynn Maelia Faculty 35.0 X 124573 0 33174 1473352 0 260630 23 false true true SODEXO INC & AFFILIATES PO BOX 360170 PITTSBURGH PA 152516170 FOOD SERVICES 4315854 ROYALL & COMPANY 1920 EAST PARHAM ROAD RICHMOND VA 23228 ENROLLMENT MANAGEMENT 400969 LCS FACILITY MAINTENANCE INC 36 COTTAGE STREET POUGHKEEPSIE NY 12601 FACILITY SERVICES 335821 ROSE PRESS INC 8 North 14th Avenue Mount Vernon NY 10550 PRINTING SERVICES 281819 DAUBMAN CORPORATE INTERIOR 272 Titusville Rd Poughkeepsie NY 12603 INTERIOR DESIGN SOLUTIONS 251354 16 0 0 159130 0 948301 789591 57416 1897022 Tuition and Fee Income 611310 56313757 56313757 0 0 Dormitories, Food, Service, Campus Store 611310 13792764 13792764 0 0 Elementary School - Pre K to Grade 8 611310 2341242 2341242 0 0 Community Education 611310 455242 455242 0 0 Other Sources 611310 672455 672455 0 0 0 0 0 0 73575460 789325 0 0 789325 0 0 0 0 0 0 0 0 27168 0 45236 0 -18068 0 -18068 0 0 -18068 9580965 0 9027000 0 553965 0 553945 0 0 553945 70125 159130 73265 -3140 0 -3140 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 76794544 73575460 0 1322062 0 0 18407780 18407780 0 0 0 0 1027456 0 868818 158638 36527 36527 0 0 22120816 18802616 3071604 246596 1535238 1254775 253629 26834 4219709 3416846 729110 73753 2046499 1672637 338092 35770 0 0 0 0 217479 0 217479 0 98400 0 98400 0 0 0 0 0 27714 27714 130656 0 130656 0 5778144 5171881 603693 2570 704993 504509 152866 47618 1192531 664180 493498 34853 834713 390257 444456 0 0 0 0 0 2288380 2103114 185266 0 570496 481657 75741 13098 0 0 0 0 135256 122455 12801 0 2253593 2183477 70116 0 0 0 0 0 6212356 5942784 269572 0 592007 379549 212458 0 Elementary School 2172990 2172990 0 0 Maintenance & Repairs 770568 697661 72907 0 Tuition Waivers 230406 230406 0 0 Small Equipment 118413 81946 36467 0 3007018 2256190 746827 4001 76730138 66974237 9084456 671445 0 0 0 0 0 0 11431209 8780020 5825922 8596446 1210379 1450095 0 0 0 726916 783946 0 0 1472952 1745752 175197216 60964337 118694086 114232879 40447166 41264118 26002085 23754750 0 0 0 2802168 2617539 208612883 203225545 2768006 2505280 0 0 1068987 1021881 61609215 59543040 0 0 0 0 0 0 0 4671577 6204696 70117785 69274897 X 125830611 121703595 7853329 7306181 4811158 4940872 0 0 0 0 0 0 138495098 133950648 208612883 203225545 X 64406 -3120004 0 0 0 -1488852 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 0 0 false Schedule C, Part II-B, Line 1 DESCRIPTION OF THE ACTIVITIES REPORTED ON LINES 1A THROUGH 1I THE COLLEGE DOES NOT UNDERTAKE ANY DIRECT LOBBYING ACTIVITIES. THE COLLEGE IS A MEMBER OF SEVERAL HIGHER EDUCATION ASSOCIATIONS SUCH AS NACUBO, NATIONAL ASSOCIATION OF COLLEGE UNIVERSITY BUSINESS OFFICERS, AND CICU, COMMISSION ON INDEPENDENT COLLEGES AND UNIVERSITIES, TO WHICH IT PAYS DUES. A PORTION OF THESE DUES ARE USED FOR LOBBYING PURPOSES. Schedule C, Part II-B, Line 1 DETAILED DESCRIPTION OF THE LOBBYING ACTIVITY See Next Page Schedule C, Part II-B, Line 1 DETAILED DESCRIPTION OF THE LOBBYING ACTIVITY See Next Page 4858021 129714 111761 213615 0 0 4885881 4848023 63160 145951 199113 0 0 4858021 4662391 222334 178733 215435 0 0 4848023 4771119 83167 69550 261445 0 0 4662391 4691673 81157 281732 283443 0 0 4771119 0.02 0.98 0.0 false false 7670485 7670485 158416915 54751981 103664934 0 0 8595422 6212356 2383066 514394 514394 114232879 Limited Partnerships - International Investments 11946016 F Hedge Funds 5679486 F Domestic Equity Fund 2409653 F International Equity Fund 3719595 F 23754750 Derivative Liability 5275717 Government Grants Refundable 779345 Conditional asset retirement obligation 70208 Capital Lease Obligation 79426 6204696 X 53896409 -3120004 0 -1370351 -4490355 58386764 18407780 18407780 76794544 58440859 0 0 118501 118501 58322358 0 18407780 18407780 76730138 Schedule D, Part V, Line 4 Intended uses of endowment funds The portion of the permanent endowment funds that is required to be retained by explicit donor restriction is as follows for FISCAL YEAR 2016: - restricted for scholarship support $2,974,743 - restricted for institutional support $1,966,129 Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote The College is exempt from income taxes under Section 501(c)(3) of the Internal Revenue Code. U.S. GAAP prescribes recognition thresholds and measurement attributes for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. Tax benefits will be recognized only if the tax position is considered more-likely-than-not to be sustained in a tax examination, with a tax examination being presumed to occur. For tax positions not meeting the more-likely-than-not test, no tax benefit will be recorded. Management believes the College does not have any tax benefits or liabilities to be recognized at June 30, 2016 and 2015. Schedule D, Part XI, Line 2(d) Other revenues in audited financial statements not in form 990 Unrealized Loss in Interest Swap - -1488852 Fundraising Expense - 73265 Rental Expense - 45236 Schedule D, Part XI, Line 4(b) Other revenues in form 990 not in audited financial statements Institutional Aid - 18407780 Schedule D, Part XII, Line 2(d) Other expenses in audited financial statements not in form 990 Fundraising Expenses - 73265 Rental Expense - 45236 Schedule D, Part XII, Line 4(b) Other expenses in form 990 not in audited financial statements Institutional Aid - 18407780 true true true true true true true false false false false false false false false true false true Schedule E, Part I, Line 3 RACIALLY NONDISCRIMINATORY POLICY The college publishes an annual notice of its non discriminatory policy in a local newspaper during the academic year. The notice complies with IRS Guidelines. Schedule E, Part I, Line 6(a) FINANCIAL AID OR ASSISTANCE FROM A GOVERNMENT The college receives federal Pell, Workstudy, SEOG, NYS TAP and other state scholarship funds. Europe (Including Iceland and Greenland) 0 0 Program Services STUDY ABROAD PROGRAM 306345 Central America and the Caribbean 0 0 Investments 13021347 East Asia and the Pacific 0 0 Program Services Study Abroad Program 28626 0 0 0 0 0 0 13356318 0 13356318 true false true true false false X X X X X X true The Stockade Consulting Group Inc 650 Franklin Street Suite 201 Schenectady NY 12305 FUNDRAISING false 36579 27714 8865 36579 27714 8865 AZ GOLF TOURNAMENT 104132 74196 29936 0 1000 27693 0 0 8507 GALA 92600 67671 24929 0 0 2920 15840 0 2524 1 32523 17263 15260 0 0 10772 448 1000 2561 229255 159130 70125 0 1000 41385 16288 1000 13592 73265 -3140 Schedule G, Part I, Line 2a Fundraising Agreement THE ACCEPTED PROPOSAL FOR FUNDRAISING ACTIVITIES PROVIDES THAT THE COLLEGE IS INVOICED ON A WEEKLY BASIS, AND THAT ALL INVOICES REFLECT THE NUMBER OF DIRECT MAIL PIECES SENT. THE AGREEMENT PROVIDES THAT THE FEES FOR SET-UP, PRINTING AND PROCUREMENT OF STATIONERY AND FORMS APPEAR IN THE FIRST INVOICE. THE SET UP FEES ARE A FIXED AMOUNT. CHARGES FOR TELEPHONE CALLING, TRAINING, AND GENERAL SERVICES ARE PRICED AT AN HOURLY RATE AND DIRECT MAIL CHARGES ARE PRICED AT A PER ITEM BASIS. true SCHOLARSHIPS 1805 18407780 Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds. The organization has rules in place to ensure that scholarship aid provided to students is used for authorized purposes. Additional detail is available upon request. X X true true X X false false false false false false false false false Anne Carson Daly President 310360 0 0 0 2772 0 27742 0 11717 0 352591 0 0 0 James Raimo Vice President for Facilities and Operations 152971 0 0 0 1032 0 16751 0 21196 0 191950 0 0 0 Joseph Valenti Vice President for College Advancement 151978 0 0 0 552 0 14602 0 24232 0 191364 0 0 0 Andrew Weiss Faculty 128936 0 0 0 0 0 12287 0 21802 0 163025 0 0 0 Lynn Maelia Faculty 123412 0 0 0 1161 0 13785 0 19389 0 157747 0 0 0 Schedule J, Part I, Line 1a Housing allowance or residence for personal use College provides housing for the President as part of her employment contract. Pursuant to IRC Sec. 119, Housing provided to the President is nontaxable. Schedule J, Part I, Line 1a Health or social club dues or initiation fees The College provides the President with a club membership as part of her employment contract. The club membership is used solely for business purposes and as such is nontaxable. A Orange County Funding Corporation 273179651 2012-12-21 25465000 refunding of 2005 bond issue false false false B Orange County Funding Corporation 273179651 684594AT1 2012-12-21 40087992 renovation of Dominican Center and refund 2003 bond issue false false false A 775000 0 25465000 0 0 0 291645 0 0 1570425 23602930 0 2013 true false true true B 1115000 0 40087992 0 0 0 531002 0 0 20503632 17205266 1848092 2013 false true true true A false false false false 0.0 0.0 0.0 false false false B false false true true false 0.02 0.0 0.02 false false false A false true true true TD Bank 30.0 false false false false false B false true false false false false false A false B false Schedule K, Part I Orange County Funding Corporation: CUSIP- 684594AT1 Proceeds of $17,205,265 was used to advance refund series 2003 Bond, and non-refunding proceeds of $22,306,668 used for the renovation of the Dominican Center, and pay off the original loan for the purchase of the Dominican Center. Schedule K, Part I Orange County Funding Corporation Advance refund 2005 Bond that was reoffered in 2008 by the Dormitory Authority of the State of New York Schedule K, Part I POST-ISSUANCE COMPLIANCE POLICIES & PROCEDURES Applicable for Schedule K, Part III, line 9; Part IV, line 7; Part V: The college does not have a written Post-Issuance Tax-Exempt Bond Compliance Policy. The Vice President for Finance and Administration has primary responsibility for monitoring and ensuring post issuance compliance with tax-exempt bond regulations. This includes, but is not limited to analyzing and reviewing activities that involve private business use, keeping current with tax-exempt bond developments and consulting with college bond counsel and other experts on an as needed basis to ensure continued compliance with federal regulations. LYNN FRANK FAMILY MEMBER OF CHARLES FRANK, BOARD MEMBER 36527 COMPENSATION FOR FULL TIME EMPLOYMENT AS ADMINISTRATIVE ASSISTANT. false X 40 Cost X 4 49752 Market value X GIFT CARDS & CERTIFICATES 10 775 Cost X Furniture for Kaplan Hall (Two Chairs) 1 1554 Cost X INVITATIONS FOR GALA 1 3900 Cost X SCOREBOARD 1 1000 Cost X RECREATIONAL TICKETS 3 363 Cost X Coffee Package 1 32 Cost 0 false true false Schedule M, Part I Explanations of reporting method for number of contributions Other - GIFT CARDS & CERTIFICATES: NUMBER OF CONTRIBUTIONS Other - Furniture for Kaplan Hall (Two Chairs): number of contributions Clothing and household goods - CLOTHING: NUMBER OF CONTRIBUTION Other - INVITATIONS FOR GALA: NUMBER OF CONTRIBUTIONS Other - SCOREBOARD: NUMBER OF CONTRIBUTIONS Other - RECREATIONAL TICKETS: NUMBER OF CONTRIBUTIONS Other - Coffee Package: NUMBER OF CONTRIBUTIONS Form 990, Part III, Line 4d Description of other program services (Expenses $ 370,548 including grants of $ 0)(Revenue $ 1,127,697) OTHER SOURCES OF INCOME SUCH AS COMMUNITY EDUCATION, SUMMER CAMPS, AND INDIRECT COST RECOVERY. Form 990, Part VI, Line 1a Delegate broad authority to a committee Article VIII: Committees of the Board of Trustees: VIII-2-The Executive Committee shall be comprised of all standing committee Chairs. At his discretion the Chair may appoint an additional member of the board to the Executive Committee. Such Executive Committee shall have and exercise, in the intervals between meetings of the full Board, all powers and authority vested in the full Board under Article 5, Section 226 of the Education Law, except those powers specifically withheld by said Section 226, sub-section 2. Form 990, Part VI, Line 11b Review of form 990 by governing body The completed Form 990 is distributed to the Board of Trustees in advance of filing for their review. Form 990, Part VI, Line 12c Conflict of interest policy The Vice President for Finance and Administration shares completed conflict of interest questionnaires with all Trustees in December's Board Meeting. Conflicts are reviewed and resolved by the members of the Executive Committee. Trustees, officers, and all with purchasing power who have declared or been found to have a conflict or potential conflict of interest shall refrain from voting on proposed transactions. Such persons may participate in deliberations concerning any proposed transaction only with the consent of no less than two-thirds of those present at any meeting where such matters are being discussed. Form 990, Part VI, Line 15a Process to establish compensation of top management official The President's compensation is set by the Board of Trustees and based on a review of published data that compares salaries of officer at similar sized institutions. Their salary is reviewed and adjusted in connection with an annual budget approval process. College policy calls for an annual review of salaries of officers and key employees by the Executive Committee of the Board of Trustees. Their review is documented as part of the annual budget approval process. Form 990, Part VI, Line 15b Process to establish compensation of other employees The compensation of officers and key employees is set by the Board of Trustees and based on a review of published data that compares salaries of officer at similar sized institutions. College policy calls for an annual review of salaries of officers and key employees by the Executive Committee of the Board of Trustees. Their review is documented as part of the annual budget approval process. Form 990, Part VI, Line 19 Required documents available to the public The organization makes its governing documents, conflict of interest policy, and its financial statements available to the public upon request Form 990, Part XI, Line 9 Other changes in net assets or fund balances Unrealized Loss on Swap - -1488852;