2017-05-12T08:29:27-05:00 2016-06-30 KPMG LLP 345 Park Avenue New York NY 101540102 990 2015-07-01 131628206 MARYMOUNT MANHATTAN COLLEGE % Wayne Santucci MARY 2125170400 221 EAST 71ST STREET NEW YORK NY 100214597 PAUL CIRAULO CFO 2125170400 2017-05-11 true MARY-EVELYN ANTONETTI P00431862 2127589700 2015 2021-01-29 14:40:06Z DR KERRY WALK 221 EAST 71ST STREET NEW YORK NY 100214597 76030248 false X http://www.mmm.edu X 1961 NY MARYMOUNT MANHATTAN COLLEGE'S MISSION IS TO EDUCATE SOCIALLY AND ECONOMICALLY DIVERSE POPULATION BY FOSTERING INTELLECTUAL ACHIEVEMENT,PERSONAL GROWTH AND CAREER DEVELOPMENT. 23 22 1106 22 0 0 3034251 2665501 59516762 65059715 1480374 457485 2448981 2698146 66480368 70880847 13674766 15747440 0 0 28238982 29787903 0 0 1884339 22552525 25673396 64466273 71208739 2014095 -327892 110544682 106232158 49404278 45902191 61140404 60329967 X Marymount Manhattan College is an urban, independent, liberal arts college. The mission of the College is to educate a socially and economically diverse student body by fostering intellectual achievement and personal growth and by providing opportunities for career development. Inherent in this mission is the intent to develop an awareness of social, political, cultural, and ethical issues in the belief that this awareness will lead to concern for, participation in, and improvement of society. To accomplish this mission, the College offers a strong program in the arts and sciences for students of all ages, as well as substantial pre-professional preparation. Central to these efforts is the particular attention given to the individual student. Marymount Manhattan College seeks to be a resource and learning center for the metropolitan community. Marymount Manhattan College was founded in 1936 by the Religious of the Sacred Heart of Mary (RSHM) as an urban extension of Marymount College i false false 611600 56624737 15747440 53655472 INSTITUTIONAL PROGRAM ACTIVITIES. OFFERING ASSISTANCE TO STUDENTS IN NEED IS ESSENTIAL TO ACHIEVE THE COLLEGE'S GOAL TO SERVE A SOCIALLY AND ECONOMICALLY DIVERSE STUDENT BODY. MMC CURRENTLY EDUCATES APPROXIMATELY 2,000 FULL- AND PART-TIME STUDENTS REPRESENTING 47 STATES AND 46 COUNTRIES. APPROXIMATELY 33% OF OUR STUDENTS ARE MINORITIES, AND 8.1% ARE DEGREE-SEEKING RETURNING ADULTS. MMC STUDENTS CAN PURSUE DEGREES IN 24 MAJOR PROGRAMS OF STUDY, CHOOSE FROM AMONG 37 MINORS AND PRE-PROFESSIONAL PROGRAMS, HOLD INTERNSHIPS AT RENOWNED NEW YORK CITY COMPANIES, ENGAGE IN SOPHISTICATED RESEARCH PROJECTS, STUDY ABROAD, AND PARTICIPATE IN SERVICE-LEARNING OPPORTUNITIES. SEE SCHEDULE O. 611710 5698038 11160384 RESIDENCE HALLS. APPROXIMATELY 725 STUDENTS MAKE THEIR HOME AT MMC. THE 55TH STREET RESIDENCE IS OWNED BY THE COLLEGE AND IS THE FIRST-YEAR RESIDENCE HALL. CONTINUING STUDENTS LIVE AT THE NEW COOPER SQUARE RESIDENCE HALL. EACH HALL IS LOCATED WITHIN A 30 MINUTE COMMUTE OF THE COLLEGE AND STAFFED WITH 24-HOUR SECURITY. RESIDENCE DIRECTORS AND RESIDENT ADVISORS STRIVE TO CREATE A SENSE OF COMMUNITY BY PROVIDING EDUCATIONAL AND SOCIAL PROGRAMS. ALL BEDS WERE FILLED AT 55TH STREET AND COOPER SQUARE, SO AN ADDITIONAL 25 BEDS WERE SUB-LICENSED FROM THE 1760 RESIDENCE HALL, A LOCATION WE PREVIOUSLY USED AS STUDENT HOUSING. SEE SCHEDULE O. 900099 276424 243859 ACADEMIC ACCESS. THE PROGRAM FOR ACADEMIC ACCESS ADDRESSES MANY FUNDAMENTAL PRINCIPLES OF MARYMOUNT MANHATTAN'S MISSION. IT IS A PROGRAM FOR STUDENTS WITH LEARNING DISABILITIES THAT IS SPECIFICALLY DESIGNED TO FOSTER ACADEMIC SUCCESS. THROUGH ACCOMMODATIONS AND MULTIFACETED SUPPORT, STUDENTS WITH LEARNING DIFFICULTIES ARE ABLE TO MANAGE THE MARYMOUNT MANHATTAN CURRICULUM ALONG WITH THEIR PEERS AND CLASSMATES. SEE SCHEDULE O. 62599199 true true false false false false false false false true true false false false true true true false true false true false true false true false false false true true true false false false false false false true false false true true false false false false true true true false false true 59 0 true 1106 true false false false false false true true false false false false X 23 22 false false false false false false false true true false false false true true true true true true true false NJ X X Wayne Santucci 2125170544 221 East 71st Street New York NY 100214597 X Linda Basilice-Hoerrner Trustee 1.0 0.0 X 0 0 0 Carol Berman Trustee 1.0 0.0 X 0 0 0 Thomas C Clark Trustee 1.0 0.0 X 0 0 0 Paul A Galiano Trustee 1.0 0.0 X 0 0 0 Susan Gardella Trustee 1.0 0.0 X 0 0 0 John H Hunt Trustee 1.0 0.0 X 0 0 0 Hope D Knight Chairman 1.0 0.0 X 0 0 0 Barbara A Loughlin Trustee 1.0 0.0 X 0 0 0 Paul C Lowerre Trustee 1.0 0.0 X 0 0 0 Michael J Materasso Trustee 1.0 0.0 X 0 0 0 Catherine M Patten Trustee 1.0 0.0 X 0 0 0 Natasha Pearl Trustee 1.0 0.0 X 0 0 0 Judith L Robinson Trustee 1.0 0.0 X 0 0 0 Cecilia Tudela-Montero Trustee 1.0 0.0 X 0 0 0 Ronald J Yoo Trustee 1.0 0.0 X 0 0 0 Lucille Zanghi Trustee 1.0 0.0 X 0 0 0 Patricia A Agnello Trustee - 11/2015 1.0 0.0 X 0 0 0 Helen Demetrios TRUSTEE - 12/2015 1.0 0.0 X 0 0 0 Abby C Fiorella TRUSTEE - 12/2015 1.0 0.0 X 0 0 0 Edward Van Saders TRUSTEE - 12/2015 1.0 0.0 X 0 0 0 Catherine Vincie TRUSTEE - 11/2015 1.0 0.0 X 0 0 0 Michael Stewart TRUSTEE - 03/2016 1.0 0.0 X 0 0 0 Kerry Walk President - 07/1/2015 35.0 0.0 X X 170876 0 54771 Paul Ciraulo Excec VP Admin & Finance, CFO 35.0 0.0 X 256969 0 40603 David Podell V.P. ACADEMIC AFFAIRS 35.0 0.0 X 240201 0 56014 Marilyn Wilkie VP Institutional Advancement 35.0 0.0 X 217958 0 49499 Carol Jackson VP Student Affairs 35.0 0.0 X 192644 0 30415 Wayne Santucci Controller, Associate VP 35.0 0.0 X 169697 0 96593 Dale H Hochstein Chief Information Officer 35.0 0.0 X 163903 0 14432 Kathleen Lebesco Assoc. Dean of Academic Affair 35.0 0.0 X 153887 0 31486 Maria Deinnocentiis AVP of Student Financial Svcs. 35.0 0.0 X 149679 0 31285 Linda Solomon Professor 35.0 0.0 X 143283 0 28503 Patricia Hansen DIRECTOR OF IT -THROUGH 7/2/15 35.0 0.0 X 199437 0 30271 Dr Judson Shaver Former President 35.0 0.0 X 873900 0 72775 2932434 0 536647 40 true true false COMPASS GROUP NORTH AMERICA 2400 YORKMONT ROAD CHARLOTTE NC 28217 FOOD SERVICE 885081 US SECURITY ASSOCIATES 200 MANSELL COURT FIFTH FLOOR ROSWELL GA 30076 SECURITY SERVICES 636703 KENCAL MAINTENANCE CORPO 399 KNOLLWOOD ROAD WHITE PLAINS NY 10603 CLEANING SERVICES 404949 Teachers Insurance and Annuity Asso 750 THIRD AVENUE New York NY 10017 INVESTMENT MANAGER 334390 B B Contracting Group LLC 2502 TIGANI DRIVE WILINGTON DE 19808 GENERAL CONTRACTOR 451242 17 476209 509161 1680131 132128 2665501 Tuition and Fees 900099 53655472 53655472 Residence Fees 900099 11160384 11160384 Academic Programs 900099 243859 243859 65059715 485727 485727 0 0 336721 64509 272212 0 272212 272212 4886958 4915200 -28242 -28242 -28242 71320 476209 169692 -98372 -98372 0 0 Food Service Revenue 110000 2380994 2380994 OTHER 900099 143312 143312 2524306 70880847 65059715 3155631 0 15578313 15578313 169127 169127 0 2528177 2404492 102402 21283 0 20543503 16069474 3552805 921224 1643460 1315952 260371 67137 3337544 2672492 528720 136332 1735219 1389425 274908 70886 0 215335 215335 206900 206900 0 0 107634 102369 4360 905 3869722 3529859 52486 287377 211503 176147 35356 1877765 1637082 68435 172248 1014039 25330 981656 7053 0 1800661 1748316 43433 8912 248443 215564 18336 14543 0 783590 599459 110216 73915 2047893 2047893 0 4167866 4018774 123437 25655 408186 388217 16533 3436 Housing Rental 4278391 4173991 104400 Food Service operations 2089767 2089767 Bad Debt Reserve 478796 446612 32184 Dues & Membership 277446 254568 20973 1905 1589459 1545976 39495 3988 71208739 62599199 6725201 1884339 6418756 4355863 1034903 1035758 1634847 1673772 583067 547682 325000 0 0 0 0 0 0 0 304434 714357 122625838 54691618 69485224 67934220 29803614 29606740 0 0 0 0 0 0 954837 363766 110544682 106232158 4512182 3137453 0 0 2291043 2237612 40989989 38951516 0 0 0 0 0 0 0 0 1611064 1575610 49404278 45902191 X 38061541 38505280 9724435 8342548 13354428 13482139 61140404 60329967 110544682 106232158 -327892 -482545 X false true X true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 18723910 127711 -139387 641751 18070483 17863772 1445528 79247 664637 18723910 15857198 200093 2462666 656185 17863772 14801211 117903 1509700 571616 15857198 15631813 118664 -342041 607225 14801211 0.25000 0.75000 false false 18094588 18094588 87317711 40766008 46551703 92884 7740 85144 14660815 12039990 2620825 2459838 1877878 581960 67934220 0 INTEREST PAYABLE 1010755 ASSET RETIREMENT OBLIGATION 564855 1575610 X 54777429 -482545 -15747440 -16229985 71007414 107634 -234201 -126567 70880847 55587866 234201 234201 55353665 107634 15747440 15855074 71208739 FORM 990, SCHEDULE D, PART V, LINE 4 INTENDED USES OF ENDOWMENT FUNDS MOST ENDOWMENT FUNDS ARE USED FOR SCHOLARSHIPS. SOME FUNDS ARE USED TO FUND SCIENCE AND LIBRARY DEPARTMENTS. form 990, schedule d, part x, line 2 THE COLLEGE ACCOUNTS FOR UNCERTAINTIES IN INCOME TAXES RECOGNIZED IN ITS FINANCIAL STATEMENTS USING A THRESHOLD OF MORE LIKELY THAN NOT OF BEING SUSTAINED. INCOME GENERATED FROM ACTIVITIES UNRELATED TO THE COLLEGE'S EXEMPT PURPOSE IS SUBJECT TO TAX. THE COLLEGE DID NOT HAVE ANY MATERIAL UNRELATED BUSINESS INCOME TAX LIABILITY AT JUNE 30, 2016 AND 2015. Form 990, Schedule D, Part XI, Line 2D RECLASS OF STUDENT AID (15,747,440) FORM 990, SCHEDULE D, PART XI, LINE 4B SPECIAL EVENTS EXPENSES (169,692) SPACE RENTAL EXPENSES (64,509) --------- (234,201) FORM 990, SCHEDULE D, PART XII, LINE 2D SPECIAL EVENTS EXPENESS 169,692 SPACE RENTAL EXPENSES 64,509 --------- 234,201 Form 990, Schedule D, Part XII, Line 4b RECLASS OF STUDENT AID $15,747,440 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 our non-discrimination policy on all published materials sent to prospective, admitted and enrolled students. In addition our policy is on our web outreaches directly and indirectly by a link to our webpage information. SCHEDULE E, Line 6(A) FEDERAL WORK-STUDY PROGRAM $127,102 --------- TOTAL FEDERAL GRANTS $127,102 NEW YORK STATE LIBRARY GRANT $5,662 NEW YORK STATE HEOP (HIGHER EDUATION OPPORTUNITY PROGRAM) GRANT $273,155 NEW YORK STATE BUNDY GRANT $103,242 ----------- TOTAL NEW YORK STATE GRANTS $382,059 true Central America and the Caribbean Grantmaking 17000 East Asia and the Pacific Grantmaking 14527 Europe (Including Iceland and Greenland) grantmaking 30000 North America grantmaking 94000 South America grantmaking 5000 South Asia grantmaking 6600 RUSSIA AND NEIGHBORING STATES grantmaking 2000 169127 169127 SCHOLARSHIP Central America and the Caribbean 8 17000 CREDITED SCHOLARSHIP East Asia and the Pacific 8 14527 CREDITED SCHOLARSHIP Europe (Including Iceland and Greenland) 12 30000 CREDITED SCHOLARSHIP North America 20 94000 CREDITED SCHOLARSHIP South America 2 5000 CREDITED SCHOLARSHIP SOUTH ASIA 4 6600 CREDITED false false false false false true FORM 990, SCHEDULE F, PART I, LINE 2 MONITORING THE USE OF GRANT FUNDS THE COLLEGE HAS DEVELOPED AN INSTITUTIONAL PACKAGING PHILOSOPHY TO ENSURE CONSISTENT, EQUITABLE, AND FAIR DISTRIBUTION OF FINANCIAL AID FUNDS. PACKAGING PARAMETERS ARE PERIODICALLY REVIEWED WITH THE HELP OF AN OUTSIDE CONSULTANT, TO EVALUATE THE MMC GRANTS AND SCHOLARSHIP PROGRAMS OFFERED TO ALL STUDENT POPULATIONS AT MMC. THE COLLEGE OFFERS FOREIGN STUDENTS LIMITED FUNDS. ALL STUDENTS ARE MONITORED BY A REVIEW OF THEIR ACADEMIC PROGRESS EACH SEMESTER. THIS REVIEW INCLUDES AN EXAMINATION OF EACH STUDENT'S QUALITATIVE (GPA) AND QUANTITATIVE (CREDITS COMLPETED) STANDARDS. FAILURE TO MEET ONE OR BOTH STANDARDS WILL RESULT IN THE STUDENT'S INSTITUTIONAL AID BEING PLACED IN A WARNING STATUS. CONTINUED FAILURE TO MEET STANDARDS WILL RESULT IN A LOSS OF ELIGIBILITY AND A SUSPENSION OF AID. Part I, Line 3, Column (F) THE COLLEGE USES THE ACCRUAL METHOD OF ACCOUNTING TO ACCOUNT FOR EXPENDITURES. MEDAL DINNER 517379 452179 65200 136971 15884 Dance Gala 30150 24030 6120 11450 5386 0 547529 476209 71320 136971 11450 21270 169691 -98371 true SCHOLARSHIP 1561 15578313 Form 990, schedule i, part 1, line 2 MONITORING THE USE OF GRANT FUNDS The College has a fair, equitable and consistent awarding policy that meets federal, state and institutional requirements. Students are offered a combination of federal, state and institutional aid. Packaging parameters are periodically reviewed with the help of an outside consultant to evaluate the MMC grants and scholarship programs offered to all student populations at MMC. MMC's awarding policy is reviewed by an independent auditor each year to ensure our compliance with regulatory requirements at MMC. Students are monitored each semester to ensure they meet the requirements attached to the aid they are receiving. The review includes both enrollment and academic progress components. MMC students must maintain their gpa and complete their credits as described in the College Catalogue under academic satisfactory academic progress standards. Additionally each grant received has unique standards (see college catalogue) which must be maintained for continued awarding. A review is conducted each semester by the financial aid staff under the direct supervision of the Director of Financial Aid. X X true true X X X true true false false false false false false false Kerry Walk President - 07/1/2015 170303 573 33462 21309 225647 Paul Ciraulo Excec VP Admin & Finance, CFO 253581 3388 25781 14822 297572 David Podell V.P. ACADEMIC AFFAIRS 238062 2139 39403 16611 296215 Marilyn Wilkie VP Institutional Advancement 214908 3050 22702 26797 267457 Carol Jackson VP Student Affairs 187823 4821 25115 5300 223059 Wayne Santucci Controller, Associate VP 167220 2477 20499 76094 266290 Dale H Hochstein Chief Information Officer 162810 1093 14432 178335 Kathleen Lebesco Assoc. Dean of Academic Affair 153450 437 15898 15588 185373 Maria Deinnocentiis AVP of Student Financial Svcs. 149242 437 15280 16005 180964 Linda Solomon Professor 141907 1376 14598 13905 171786 James Rogers Dean of Admission 144149 391 14500 2412 161452 Dr Judson Shaver Former President 317179 556721 40775 32000 946675 Patricia Hansen DIRECTOR OF IT -THROUGH 7/2/15 78905 120532 20286 9985 229708 form 990, schedule J, Part I, Line 1a HOUSING AND DISCRETIONARY SPENDING ACCOUNT A HOUSING ALLOWANCE IN THE AMOUNT OF $232,684 WAS PROVIDED TO THE FORMER PRESIDENT, DR. SHAVER, AND IS TREATED AS TAXABLE COMPENSATION TO HIM AND INCLUDED IN COLUMN B(III) OF PART II. THE HOUSING ALLOWANCE WAS REVIEWED AND APPROVED BY THE BOARD OF TRUSTEES AFTER REVIEW AND APPROVAL BY THE BOARD'S COMPENSATION COMMITTEE. THE COLLEGE ALSO PROVIDED A DISCRETIONARY SPENDING ACCOUNT FOR DR. SHAVER IN THE AMOUNT OF $11,371 PER THIS FISCAL YEAR, WHICH REPRESENTS REIMBURSEMENT FOR EXPENSES, AND IS TREATED AS TAXABLE COMPENSATION TO HIM and included in column B(III) of part II. THIS BENEFIT WAS APPROVED BY THE BOARD OF TRUSTEES AFTER REVIEW AND APPROVAL BY THE BOARD'S COMPENSATION COMMITTEE. FORM 990, SCHEDULE J, PART I, LINE 4A SEVERANCE PAYMENTS THE FOLLOWING PERSONS RECEIVED SEVERANCE PAYMENTS DURING THE YEAR: DR. JUDSON SHAVER: $317,179 PATRICIA HANSEN: $120,532 form 990, SCHedule J, Part 1, Line 4b NONQUALIFIED RETIREMENT PLAN DR. SHAVER'S COMPENSATION REPORTED IN PART II, COLUMN (C) INCLUDES A NON-VESTED $14,275 CONTRIBUTION TO A SECTION 457(F) NONQUALIFIED PLAN. THE MARYMOUNT MANHATTAN COLLEGE SECTION 457(F) DEFERRED COMPENSATION PLAN IS A BENEFIT PLAN APPLICABLE TO CERTAIN HIGHLY COMPENSATED EMPLOYEES AND/OR SENIOR MANAGEMENT OF MARYMOUNT MANHATTAN COLLEGE. IT PROVIDES FOR FUTURE PAYMENT OF COMPENSATION TO THE EMPLOYEE FOR SERVICES CURRENTLY RENDERED. AN ELIGIBLE EMPLOYEE CAN ELECT TO DEFER ANY AMOUNT OF COMPENSATION TO THE PLAN. THE EMPLOYEE HAS NO ACCESS TO OR CONTROL OVER THE ASSETS HELD BY THE PLAN UNTIL THE DATE ELECTED FOR DISTRIBUTION OR THE OCCURRENCE OF A DISTRIBUTION EVENT UNDER THE PLAN. IF THE EMPLOYEE FAILS TO SATISFY THE SERVICE REQUIREMENTS PRIOR TO THE EARLIER OF SUCH DATES, THE BENEFITS WILL BE FORFEITED. THE 457(F) DEFERRED COMPENSATION PLAN WAS IMPLEMENTED ON JANUARY 1, 2010. A Dormitory Authority of the State of New York 146000293 649905WR3 2009-12-22 49013498 Refunding DASNY Series 1999 Bonds false false false A 8753498 0 49013498 4360562 0 0 831194 0 0 0 43821742 0 2001 true false true true A 0 A false false true false false false 0 false false false 0 false true A false SCHEDULE K, PART II, line 11 $495,462 WAS SPENT ON ISSUE FEES, TITLE INSURANCE, AND STATE INSURANCE FEES. $43,326,280 WAS USED TO REFUND A BOND DATED DECEMBER, 1999. Schedule K, Part IV, Line 2B The 2009 bonds were current refunding bonds and the money was spent within two months to pay off the old bonds and pay costs of issuance. The College therefore qualifies for the 6-month exception to rebate requirement. SCHEDULE K, PART IV, LINE 7 The College has policies and procedures that it follows to ensure compliance with arbitrage, yield restriction, and rebate requirements of Section 148; however, these policies and procedures have not been formally documented to date. Over the last several years, the College has focused on ensuring that sufficient documentation exists for all its policies and procedures. As part of this ongoing effort, the College expects to have a written policy in place by the close of FY 2016 (6/30/16). SCHEDULE K, PART V The College has policies and procedures that it follows to address violations under the tax-exempt bonds voluntary closing agreement program; however, these policies and procedures have not been formally documented to date. Over the last several years, the College has focused on ensuring that sufficient documentation exists for all its policies and procedures. As part of this ongoing effort, the College expects to have a written policy in place by the close of FY 2016 (6/30/16). 0 SUBSTANTIAL CONTRIBUTOR 33 SUBSTANTIAL CONTRIBUTOR 1074646 STUDENT HOUSING PROVIDER false SUBSTANTIAL CONTRIBUTOR 13 SUBSTANTIAL CONTRIBUTOR 885081 FOOD SERVICE VENDOR true SUBSTANTIAL CONTRIBUTOR 53 SUBSTANTIAL CONTRIBUTOR 224079 LEGAL SERVICE VENDOR false SUBSTANTIAL CONTRIBUTOR 51 SUBSTANTIAL CONTRIBUTOR 110734 INVESTMENT MANAGER false SUBSTANTIAL CONTRIBUTOR 33 SUBSTANTIAL CONTRIBUTOR 508059 STUDENT HOUSING SUBLICENSEE false X 7 132128 High/Low Price Mean false true false SCHEDULE M, PART I, COLUMN (B) NUMBER OF CONTRIBUTORS THE AMOUNT LISTED IN COLUMN (B) REFERS TO THE NUMBER OF CONTRIBUTIONS. form 990, part iii - program service, line 4a MARYMOUNT MANHATTAN COLLEGE WAS FOUNDED IN 1936 BY THE RELIGIOUS OF THE SACRED HEART OF MARY AS A TWO-YEAR WOMEN'S COLLEGE AND AT THE TIME WAS A NEW YORK CITY EXTENSION OF MARYMOUNT COLLEGE IN TARRYTOWN, NEW YORK. IN 1948, THE COLLEGE MOVED TO ITS PRESENT LOCATION ON EAST 71ST STREET IN NEW YORK CITY AND BECAME A FOUR-YEAR BACHELOR'S DEGREE-GRANTING INSTITUTION; THE FIRST CLASS GRADUATED FROM THE COLLEGE IN 1950. IN 1961, THE REGENTS OF THE UNIVERSITY OF THE STATE OF NEW YORK GRANTED MARYMOUNT MANHATTAN AN ABSOLUTE CHARTER AS AN INDEPENDENT FOUR-YEAR COLLEGE. MARYMOUNT MANHATTAN HAS BEEN AN ACCREDITED MEMBER OF THE MIDDLE STATES ASSOCIATION OF COLLEGES AND SECONDARY SCHOOLS SINCE THAT TIME. FAITHFUL TO THE VISION OF ITS FOUNDERS, MARYMOUNT MANHATTAN IS THRIVING AS A NONSECTARIAN, COEDUCATIONAL, INDEPENDENT COLLEGE OF THE LIBERAL ARTS, ATTRACTING AND SERVING A DIVERSE COMMUNITY OF STUDENTS, FACULTY, AND STAFF. AS THE COLLEGE MOVES FORWARD WITH ITS FIVE-YEAR 2013-2017 STRATEGIC PLAN, 'DEVELOPING A SUSTAINABLE MODEL', ROOTED IN HERITAGE, VALUES AND STRENGTHS OF MARYMOUNT MANHATTAN AND FOCUSES ON ADVANCING THE MISSION BY IMPROVING ACADEMIC QUALITY, STRENGTHENING FINANCES AND ENHANCING FACILITIES, WE REMAIN COMMITTED TO SERVING A SOCIALLY AND ECONOMICALLY DIVERSE POPULATION. IN ADDITION TO KEEPING TUITION AFFORDABLE, THE ABILITY TO OFFER ASSISTANCE TO STUDENTS IN NEED IS ESSENTIAL TO ACHIEVE THIS GOAL. Form 990, part iii - program service, line 4b THE 55TH STREET RESIDENCE HAS SUITE-STYLE ARRANGEMENTS JUST 16 BLOCKS FROM THE COLLEGE. EACH SUITE CONSISTS OF TWO BEDROOMS FURNISHED WITH LOFT BEDS, DRESSERS, AND DESKS, A KITCHEN AND A BATHROOM, PLUS CABLE, AND WI-FI ACCESS. THE BUILDING IS STAFFED WITH 24-HOUR SECURITY AND FEATURES OTHER AMENITIES SUCH AS A LAUNDRY ROOM, CONVENIENCE STORE, LOUNGE SPACE, GYM, AND BALCONY. COOPER SQUARE IS A NEW RESIDENCE HALL THAT OPENED IN FALL 2015 IN MANHATTAN'S EAST VILLAGE NEIGHBORHOOD ON EAST 6TH STREET AND COOPER SQUARE. STUDENTS LIVE IN DOUBLE OR TRIPLE ROOMS WITHIN A SUITE THAT HAS TWO OR THREE BEDROOMS, A KITCHENETTE, AND ONE OR TWO BATHROOMS. RA STAFF LIVE IN SINGLE ROOMS WITHIN A LARGER SUITE. ALL STUDENTS ARE PROVIDED WITH A BED, DESK, DRESSER, WARDROBE, CABLE ACCESS, AND WI-FI. COOPER SQUARE HAS 24 HOUR SECURITY AND A LOUNGE LEVEL (OPEN 24 HOURS), THAT CONTAINS A LOUNGE, A STUDY ROOM, A GYM, LAUNDRY FACILITIES, BIKE STORAGE, AND A MAILROOM. THERE IS AN OUTDOOR TERRACE ON THE 7TH FLOOR. STUDENTS LIVING IN THE 1760 THIRD AVENUE RESIDENCE HALL, WHICH IS LOCATED AT 97TH STREET AND THIRD AVENUE, RESIDE IN DOUBLE AND TRIPLE ROOMS WITH PRIVATE BATHROOMS, REFRIGERATOR AND MICROWAVE. EACH STUDENT HAS A BED, DRESSER, AND DESK. 1760 THIRD AVENUE RESIDENCE HALL IS STAFFED WITH 24-HOUR SECURITY AND OFFERS A 3,500 SQUARE FOOT, ON-SITE FITNESS FACILITY, MOVIE SCREENING ROOM, GAME ROOM, LAUNDRY FACILITIES, COMMUNAL KITCHENS, LOUNGE SPACE, AND ACCESS TO COMPUTERS AND A 24-HOUR STUDY LOUNGE. form 990, part iii - program service, line 4c THE PROGRAM FOR ACADEMIC ACCESS ASSISTS LEARNING-DISABLED STUDENTS THROUGH TUTORING SERVICES, COUNSELING, ADVISEMENT, AND PRIORITY REGISTRATION. ONCE ACCEPTED INTO THE PROGRAM, STUDENTS' PSYCHO-EDUCATIONAL EVALUATIONS ARE CAREFULLY EXAMINED AND PERSONALIZED ASSISTANCE IS GIVEN TO EACH STUDENT IN PLANNING THEIR PROGRAM. IN ADDITION TO BASIC ACCOMODATIONS, THE PROGRAM PROVIDES TWO HOURS OF INDIVIDUAL TUTORING PER WEEK WITH PROFESSIONAL, MATH TUTORING AS NEEDED, ACADEMIC COACHING TO DEVELOP EXECUTIVE FUNCTIONING SKILLS FOR TIME MANAGEMENT AND ORGANIZATION OF WORK, ACADEMIC ADVISEMENT AND COUNSELING THAT IS TAILORED TO SUIT THE INDIVIDUAL NEEDS OF OUR STUDENTS, PRIORITY REGISTRATION FOR COURSES, NOTE TAKERS FOR APPLICABLE COURSES, EXTENDED TESTING TIMES, MONTHLY PARENT MEETINGS THROUGHOUT THE ACADEMIC YEAR, AND TECHNICAL SUPPORT, INCLUDING KURZWEIL 3000 SOFTWARE AVAILABLE IN THE SHANAHAN LIBRARY. TO ENSURE THAT MARYMOUNT MANHATTAN COLLEGE CAN FOSTER A NURTURING ENVIRONMENT WITH SPECIALIZED ATTENTION FOR EACH STUDENT, THE ACADEMIC ACCESS PROGRAM ADMITS A SMALL NUMBER OF STUDENTS EACH YEAR. form 990, part vi, section a, line 11b BOARD REVIEW OF FORM 990 THE FORM 990 IS PREPARED INTERNALLY BY THE STAFF OF THE COLLEGE. THE DRAFT RETURN IS THEN REVIEWED BY AN INDEPENDENT ACCOUNTING FIRM, AND IS MODIFIED UNTIL BOTH ARE SATISFIED WITH THE RETURN. THE AUDIT COMMITTEE CHAIR REVIEWS THE FORM 990 (INCLUDING SCHEDULE B). THEN THE FORM 990 (NOT INCLUDING SCHEDULE B) IS REVIEWED AND APPROVED IN A MEETING ATTENDED BY THE AUDIT COMMITTEE CHAIR, COMMITTEE MEMBERS, MANAGEMENT AND THE INDEPENDENT ACCOUNTANTS. AFTER APPROVAL, THE ENTIRE BOARD OF TRUSTEES IS PROVIDED A PUBLIC INSPECTION COPY OF THE RETURN FOR REVIEW PRIOR TO FILING THE RETURN WITH THE IRS. THE AUDIT COMMITTEE CHAIR, EXECUTIVE VICE PRESIDENT OF ADMINISTRATION AND FINANCE AND THE INDEPENDENT ACCOUNTANTS ARE AVAILABLE TO THE BOARD FOR QUESTIONS. BECAUSE THE BOARD OF TRUSTEES IS PROVIDED WITH A PUBLIC INSPECTION COPY OF THE RETURN (I.E., FORM 990, WITH SCHEDULE B INFORMATION REDACTED), PART VI, LINE 11 HAS BEEN ANSWERED AS NO. form 990, part vi, section b, line 12c CONFLICT OF INTEREST POLICY THE TRUSTEES OF MARYMOUNT MANHATTAN COLLEGE ARE ELECTED TO SERVE THE COLLEGE AND ARE EXPECTED TO CARRY OUT THEIR DUTIES IN A MANNER THAT INSPIRES AND ASSURES THE CONFIDENCE OF THE COLLEGE AND THE BROADER COMMUNITY. ALL ACTIONS BY TRUSTEES WITH RESPECT TO THE COLLEGE AND ITS PROPERTY MUST BE TAKEN SOLELY ON THE BASIS OF A DESIRE TO ADVANCE THE BEST INTERESTS OF THE COLLEGE. TRUSTEES SHALL NOT USE THEIR POSITIONS AS TRUSTEES, OR KNOWLEDGE GAINED THEREFROM, SO THAT A CONFLICT MIGHT ARISE BETWEEN THE INTERESTS OF THE COLLEGE AND THE INDIVIDUAL INTERESTS OF THE TRUSTEES. THE COLLEGE'S TRUSTEES INEVITABLY ARE INVOLVED IN THE AFFAIRS OF OTHER INSTITUTIONS AND ORGANIZATIONS. TRUSTEES MAY FROM TIME TO TIME HAVE RELATIONSHIPS AND AFFILIATIONS THAT MAY RAISE QUESTIONS ABOUT PERCEIVED CONFLICTS OF INTEREST. ALTHOUGH MANY SUCH POTENTIAL CONFLICTS ARE AND WILL BE DEEMED INCONSEQUENTIAL, EACH TRUSTEE HAS THE RESPONSIBILITY TO ENSURE THAT THE ENTIRE BOARD IS MADE AWARE OF SITUATIONS THAT INVOLVE PERSONAL, FAMILIAL OR BUSINESS RELATIONSHIPS THAT COULD BE POTENTIAL CONFLICTS. THUS, THE BOARD REQUIRES EACH TRUSTEE (A) CONFIRM THAT HE OR SHE IS FAMILIAR WITH THIS POLICY, (B) DISCLOSE TO THE BOARD CHAIR ANY POSSIBLE PERSONAL, FAMILIAL OR BUSINESS RELATIONSHIPS THAT MIGHT GIVE RISE TO A CONFLICT OF INTEREST OR THE APPEARANCE OF A CONFLICT OF INTEREST INVOLVING THE COLLEGE, AND (C) AGREE TO SERVE ONLY IN ACCORDANCE WITH THE LETTER AND SPIRIT OF THIS POLICY. A FORM FOR THIS PURPOSE IS ATTACHED, AND SHALL BE COMPLETED BY EACH TRUSTEE AT LEAST ANNUALLY. A "BUSINESS RELATIONSHIP" IS ONE IN WHICH A TRUSTEE OR A MEMBER OF HIS OR HER FAMILY SERVES AS AN OFFICER, DIRECTOR, EMPLOYEE, PARTNER, TRUSTEE OR CONTROLLING STOCKHOLDER OF AN ORGANIZATION THAT DOES BUSINESS WITH THE COLLEGE. A "FAMILY MEMBER" IS A SPOUSE, PARENT, SIBLING OR CHILD OF A TRUSTEE, OR ANY OTHER RELATIVE LIVING IN THE TRUSTEE'S HOUSEHOLD. IF A TRUSTEE IS UNCERTAIN WHETHER TO DISCLOSE A PARTICULAR RELATIONSHIP, THE BOARD CHAIR SHOULD BE CONSULTED. THE CHAIR MAY ELECT TO SEEK THE JUDGMENT OF THE EXECUTIVE COMMITTEE IN DETERMINING WHETHER A RELATIONSHIP GIVES RISE TO A CONFLICT OF INTEREST OR SHOULD OTHERWISE BE DISCLOSED TO THE BOARD. THE CHAIR AND THE EXECUTIVE COMMITTEE SHALL KEEP ANY CONSULTATION CONFIDENTIAL UNLESS AND UNTIL THEY DETERMINE THAT THE BEST INTERESTS OF THE COLLEGE REQUIRE DISCLOSURE. A TRUSTEE WHO HAS A CONFLICT OF INTEREST SHALL NOT PARTICIPATE IN ANY CONSIDERATION BY THE BOARD OF A MATTER RELATING TO THE CONFLICT. form 990, part vi, section b, line 15a & 15b COMPENSATION REVIEW THE ORGANIZATION HAS INSTITUTED A PROCESS TO REVIEW THE COMPENSATION PAID TO ITS PRESIDENT, OFFICERS, AND KEY EMPLOYEES GIVING RISE TO A REBUTTABLE PRESUMPTION THAT THE COMPENSATION IS REASONABLE IN ACCORDANCE WITH treas. reg. 53.4958-6. COMPENSATION FOR THE PRESIDENT, EXECUTIVE VICE PRESIDENT OF ADMINISTRATION AND FINANCE, VICE PRESIDENT OF ACADEMIC AFFAIRS, VICE PRESIDENT OF INSTITUTIONAL ADVANCEMENT, AND THE VICE PRESIDENT OF STUDENT AFFAIRS IS DETERMINED BY A PROCESS THAT INCLUDES THE USE OF COMPARABILITY DATA, REVIEW AND APPROVAL BY THE COMPENSATION COMMITTEE OF THE COLLEGE'S BOARD OF TRUSTEES, AND CONTEMPORANEOUS RECORDKEEPING OF DELIBERATIONS AND DECISIONS. form 990, part vi, section c, line 19 PUBLIC DISCLOSURE OF GOVERNING DOCUMENTS THE COLLEGE MAKES ITS FORM 990 AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC THROUGH ITS WEBSITE. THE FORM 990 IS ALSO AVAILABLE ON WWW.GUIDESTAR.ORG. OTHER GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE NOT AVAILABLE TO THE PUBLIC. FORM 990, PART I AND PART X IN 2015, THE COLLEGE ADOPTED ASU NO. 2015-03, SIMPLIFYING THE PRESENTATION OF DEBT ISSUANCE COSTS, WHICH REQUIRES DEBT ISSUANCE COSTS RELATED TO A RECOGNIZED DEBT LIABILITY TO BE PRESENTED ON THE BALANCE SHEETS AS A DIRECT DEDUCTION FROM THE DEBT LIABILITY. THE COLLEGE APPLIED THE PROVISION UPDATE RESTROSPECTIVELY TO 2014. AS A RESULT, THE PRESENTATION FOR PRIOR YEAR YEAR AMOUNTS HAS BEEN ADJUSTED ON PART 1 AND PART X. 231-235 E 55th St Condominium 622 Third Avenue New York NY 10017 582636459 Student Housing NY Marymount C Corp 1169254 1427738 0.70700 true false false false false false false false false false false false false true false false true false false false 231-235 E 55th St Condominium p 863276 per ownership % 231-235 E 55th St Condominium m 58985 per ownership % form 990, schedule r, PART II THE COLLEGE IS A 70.70% OWNER OF A CONDOMINIUM (231-235 EAST 55TH STREET CONDOMINIUM) THAT IS USED FOR DORMITORY PURPOSES, WHICH HOUSES UP TO 512 STUDENTS. THE RESIDENCE IS OUR FIRST-YEAR RESIDENCE HALL, WHERE STUDENTS LIVE IN SUITE-STYLE ARRANGEMENTS JUST 16 BLOCKS FROM THE COLLEGE. EACH SUITE CONSISTS OF TWO BEDROOMS FURNISHED WITH LOFT BEDS, DRESSERS, AND DESKS, A KITCHEN AND A BATHROOM, PLUS INDIVIDUAL LINES FOR TELEPHONE, CABLE AND COMPUTER ACCESS. THE BUILDING IS STAFFED WITH 24-HOUR SECURITY AND FEATURES OTHER AMENITIES SUCH AS A LAUNDRY ROOM, CONVENIENCE STORE, LOUNGE SPACE, GYM, BALCONY AND HEALTH CENTER. THE OTHER 29.30% ARE CONDOMINIUMS OWNED BY A PRIVATE DEVELOPER AND INDIVIDUALS WHO ARE NOT AFFILIATED WITH THE COLLEGE. THE CONDOMINIUM PORTION IS REQUIRED TO HAVE A CERTAIN AMOUNT OF ASSETS AND THEREFORE THE AMOUNT NOTED IN PART IV (G), SHARE OF END-OF-YEAR ASSETS, IN THE AMOUNT OF $1,427,738, IS BASED ON THE COLLEGE'S OWNERSHIP PERCENTAGE BUT IN ACTUALITY THE COLLEGE DOES NOT HAVE RIGHTS TO MAJORITY OF THESE ASSETS.