2017-05-12T14:03:15-05:00 2016-06-30 113518842 MARKS PANETH LLP 685 THIRD AVENUE NEW YORK NY 10017 990 2015-07-01 131967321 MERCY COLLEGE MERC 9144552650 555 BROADWAY DOBBS FERRY NY 10522 CPA PRESIDENT 9144552650 2017-05-12 1 ROBERT R LYONS CPA P00227472 2125038800 2015 2021-01-29 14:40:06Z TIMOTHY L HALL 555 BROADWAY DOBBS FERRY NY 10522 835377532 0 X WWW.MERCY.EDU X 1950 NY EDUCATE STUDENTS IN LIBERAL ARTS, SCIENCES, BUSINESS, EDUCATION AND PROFESSIONAL PROGRAMS. 20 19 2199 20 0 0 7069664 9030736 165828211 171831387 16967824 -1989265 338902 207227 190204601 179080085 28199313 31046599 0 0 64305367 69053236 115625 196387 1301875 59378065 65961513 151998370 166257735 38206231 12822350 337556047 347309887 84500986 85898074 253055061 261411813 X MERCY COLLEGE IS COMMITTED TO PROVIDING MOTIVATED STUDENTS THE OPPORTUNITY TO TRANSFORM THEIR LIVES THROUGH HIGHER EDUCATION BY OFFERING LIBERAL ARTS AND PROFESSIONAL PROGRAMS IN PERSONALIZED AND HIGH QUALITY LEARNING ENVIRONMENTS, THUS PREPARING (SEE SCHEDULE O) STUDENTS TO EMBARK ON REWARDING CAREERS, TO CONTINUE LEARNING THROUGHOUT THEIR LIVES AND TO ACT ETHICALLY AND RESPONSIBLY IN A CHANGING WORLD. 0 0 134036625 31046599 171831387 MERCY COLLEGE IS A COMPREHENSIVE COLLEGE OFFERING BOTH UNDERGRADUATE AND GRADUATE DEGREES TO OVER 10,700 STUDENTS. THE COLLEGE HAS FOUR CAMPUS LOCATIONS IN AND AROUND NEW YORK CITY AND ALSO OFFERS COURSES THROUGH THE INTERNET. STUDENTS ARE PRIMARILY FROM THE NEW YORK METROPOLITAN AREA. 134036625 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 1 1 0 1 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 273 0 2199 1 0 0 0 0 0 1 1 0 0 0 0 X 20 19 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X NARDA A ROMERO 9146747841 555 BROADWAY DOBBS FERRY NY 10522 GARY W BROWN CHAIRMAN (FORMER) 1.00 X 0 0 0 JOSEPH P CARLUCCI ESQ VICE CHAIRMAN 1.00 X 0 0 0 JOSEPH GANTZ VICE CHAIRMAN 1.00 X 0 0 0 JAMES M MCCORMICK VICE CHAIRMAN 1.00 X 0 0 0 KYUNG CIOFFI TRUSTEE 1.00 X 0 0 0 EDWARD B DUNN TRUSTEE 1.00 X 0 0 0 ALEX FERRARI TRUSTEE 1.00 X 0 0 0 JULIO GARCIA TRUSTEE 1.00 X 0 0 0 JAMES GARITO TRUSTEE 1.00 X 0 0 0 LYNNE GREENE TRUSTEE 1.00 X 0 0 0 BRUCE J HABER TRUSTEE 1.00 X 0 0 0 DAVID B JONES TRUSTEE 1.00 X 0 0 0 THOMAS LANSEN TRUSTEE 1.00 X 0 0 0 DONALD J MATTHEWS TRUSTEE (FORMER) 1.00 X 0 0 0 WILLIAM M MOONEY JR TRUSTEE 1.00 X 0 0 0 KUNI NAKAMURA TRUSTEE 1.00 X 0 0 0 HARRIS B STRATYNER TRUSTEE 1.00 X 0 0 0 PATRICIA BLACKMAR TRUSTEE 1.00 X 0 0 0 LYNN STRATFORD TRUSTEE 1.00 X 0 0 0 JOHN R THOMPSON TRUSTEE 1.00 X 0 0 0 DANIEL ZELEM TRUSTEE 1.00 X 0 0 0 TIMOTHY L HALL TRUSTEE, PRESIDENT 35.00 X X 502639 0 44881 DONALD B AUNGST CFO AND TREASURER 35.00 X 255956 0 44881 IRENE BUCKLEY CHIEF OF STAFF/SECRETARY 35.00 X 224881 0 27266 NARDA ROMERO CONTROLLER & ASST: TREASUR 35.00 X 175635 0 16031 CONCETTA M STEWART PROVOST AND V.P. OF ACADEM 35.00 X 432266 0 44881 JOSEPH SCHAEFER CHIEF OPERATING OFFICER 35.00 X 188954 0 14968 DEIRDRE A WHITMAN VP ENROLLMENT MANAGEMENT 35.00 X 277816 0 23694 BERNADETTE WADE CHIEF ADVANCEMENT OFFICER 35.00 X 177187 0 15877 WILLIAM E MARTINOV CHIEF STUDENT AFFAIRS OFFI 35.00 X 193603 0 38827 MARGARET M MCGRAIL VP STUDENT SERVICES 35.00 X 213873 0 40866 ALFRED S POSAMENTIER DEAN, SCHOOL OF EDUCATION 35.00 X 315634 0 10290 CHARLES E WEIS JR DEAN, SCHOOL OF BUSINESS 35.00 X 254673 0 41434 3213117 0 363896 90 0 1 0 KIRCHHOFF-CONSIGLI CONSTRUCTION 199 WEST ROAD PLEASANT VALLEY NY 12569 CONSTRUCTION/ RESTORATION 15858775 ARAMARK COPORATION DINING SERVICES 153 PERKINS STUDENT CENTER NEWARK DE 19716 FACILITY MAINTENANCE SERVICE 7302800 ELLUCIAN COMPANY LP 62590 COLLECTIONS CENTER DRIVE CHICAGO IL 60693 INFORMATION TECHNOLOGY 7029160 LESSINGS US 3500 SUNRISE HIGHWAY BUILDING 10 GREAT RIVER NY 11739 FOOD SERVICES MANAGEMENT 2735148 DOUGHERTY CLIFFORD & WADSWORTH CORP 895 MARCONI AVENUE RONKONKOMA NY 11749 ADVERTISING/ MARKETING 2232389 36 218398 5750552 3061786 52709 9030736 GROSS TUITION & FEES 900099 163029284 163029284 ROOM AND BOARD 721310 8802103 8802103 171831387 2979621 2979621 651203380 6050 656170414 7902 -4967034 -1852 -4968886 -4968886 326358 218398 119131 207227 207227 179080085 171831387 0 -1782038 31046599 31046599 2728682 2728682 51729897 47551276 3430896 747725 2679647 2490981 149496 39170 7564123 6729110 729200 105813 4350887 3817571 473286 60030 9428137 1283817 8144320 146558 98099 48459 215000 215000 196387 196387 756402 756402 4581858 4257205 324653 3408994 291111 3116354 1529 2815883 2332246 423265 60372 2990579 1210769 1772358 7452 14886715 13958933 927782 1785640 1609032 167551 9057 1754265 1369154 361232 23879 2304624 2115881 188743 6346420 5902171 444249 845898 178847 667051 LOSSES AND WRITEOFFS 3256224 3256224 STUDENT FOOD SERVICES 2379659 2379659 CONTRACTUAL PAYMENTS 2043450 1928170 115280 BAD DEBT 1719736 147921 1571815 4295471 3338073 906937 50461 166257735 134036625 30919235 1301875 9911237 7231565 25988151 40046237 546600 743733 4611188 4944680 336398 436634 3798963 4144499 146241750 52908324 74169871 93333426 162348342 135037289 31186680 57441848 24658617 3949976 337556047 347309887 11754138 14022030 5574022 6836264 54994404 53697528 12178422 11342252 84500986 85898074 X 247070461 254637896 2105537 2707297 3879063 4066620 253055061 261411813 337556047 347309887 X 12822350 -3309605 -1155993 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 159501 X 0 193535022 5319538 -5611632 75650 688141 192479137 147765416 42655006 3678834 60044 504190 193535022 103289493 33855121 11056573 70557 365214 147765416 64043194 33555589 6069379 73824 304845 103289493 31113763 32819631 364828 85475 169553 64043194 0.97230 0.02120 0.00650 0 0 6520561 6520561 89730756 17964886 71765870 16354582 9669166 6685416 28820301 22675850 6144451 4815550 2598422 2217128 93333426 LIMITED PARTNERSHIP INTERESTS 2106923 F HEDGE FUNDS 55334925 F 57441848 ADVANCES FROM FEDERAL GOVERNMENT FOR STUDENT LOANS 1310450 CONDITIONAL ASSET RETIREMENT OBLIGATION 3245640 DEFERRED RENT 6786162 11342252 X 142811486 -3309605 -1036862 -4346467 147157953 756402 31165730 31922132 179080085 134454734 0 134454734 756402 31046599 31803001 166257735 PART V, LINE 4: PERMANENTLY RESTRICTED NET ASSETS ARE RESTRICTED TO INVESTMENT IN PERPETUITY WITH INVESTMENT RETURN PRINCIPALLY AVAILABLE FOR SCHOLARSHIPS. PART X, LINE 2: THE COLLEGE BELIEVES IT HAS NO UNCERTAIN TAX POSITIONS AS OF JUNE 30, 2016 AND 2015 IN ACCORDANCE WITH ACCOUNTING STANDARDS CODIFICATION ("ASC") TOPIC 740, "INCOME TAXES," WHICH PROVIDES STANDARDS FOR ESTABLISHING AND CLASSIFYING ANY TAX PROVISIONS FOR UNCERTAIN TAX POSITIONS. PART XI, LINE 2D - OTHER ADJUSTMENTS: LOSS ON INTEREST RATE SWAPS -1,036,862. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS 31,046,599. SPECIAL EVENTS DIRECT COST 119,131. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS 31,046,599. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 MERCY COLLEGE HAS PUBLICIZED ITS RACIALLY NONDISCRIMINATORY POLICY THROUGH NEWSPAPER AND/OR BROADCAST MEDIA DURING THE PERIOD OF SOLICITATION IN A WAY THAT MADE THE POLICY KNOWN TO ALL PARTS OF THE GENERAL COMMUNITY IT SERVES. THE COLLEGE IS RECOGNIZED AS A MINORITY SERVING INSTITUTION. SCHEDULE E, PART I, LINE 6 MERCY COLLEGE RECEIVES FUNDS FROM VARIOUS FEDERAL AND STATE GOVERNMENTAL AGENCIES UNDER THEIR RESPECTIVE STUDENT FINANCIAL AID ASSISTANCE PROGRAMS. FEDERAL PROGRAMS INCLUDE THE PELL GRANT PROGRAM, SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANT (SEOG) PROGRAM, COLLEGE WORK STUDY (CWS) PROGRAM AND THE DIRECT LOAN PROGRAMS. X X X X X X X 1 CHARITY BUZZ 437 FIFTH AVENUE 11TH FLOOR NEW YORK NY 10016 ONLINE AUCTION 1 28400 6168 22232 28400 6168 22232 TRUSTEES DINNER 355560 104800 250760 60857 GOLF TOURNAMENT 82675 44825 37850 24274 2 106521 68773 37748 34000 544756 218398 326358 119131 119131 207227 1 SCHOLARSHIPS 4771 22951686 COST INSTITUTIONAL AID DISCOUNTS AND EXEMPTIONS 1754 8094913 COST INSTITUTIONAL AID SCHEDULE I, PART III SCHOLARSHIPS AND DISCOUNTS ARE BASED ON ACADEMIC PERFORMANCE AND FINANCIAL NEED AND ARE ADMINISTERED BY THE OFFICES OF ADMISSIONS AND STUDENT SERVICES. X X X 0 0 0 0 0 0 0 0 0 TIMOTHY L HALL TRUSTEE, PRESIDENT 450425 0 50000 0 2214 0 23850 0 21031 0 547520 0 0 0 DONALD B AUNGST CFO AND TREASURER 255956 0 0 0 0 0 23850 0 21031 0 300837 0 0 0 IRENE BUCKLEY CHIEF OF STAFF/SECRETARY 209881 0 15000 0 0 0 19278 0 7988 0 252147 0 0 0 NARDA ROMERO CONTROLLER & ASST: TREASUR 175635 0 0 0 0 0 16031 0 0 0 191666 0 0 0 CONCETTA M STEWART PROVOST AND V.P. OF ACADEM 432266 0 0 0 0 0 23850 0 21031 0 477147 0 0 0 JOSEPH SCHAEFER CHIEF OPERATING OFFICER 167685 0 20000 0 1269 0 14968 0 0 0 203922 0 0 0 DEIRDRE A WHITMAN VP ENROLLMENT MANAGEMENT 272561 0 0 0 5255 0 23694 0 0 0 301510 0 0 0 BERNADETTE WADE CHIEF ADVANCEMENT OFFICER 177187 0 0 0 0 0 15877 0 0 0 193064 0 0 0 WILLIAM E MARTINOV CHIEF STUDENT AFFAIRS OFFI 190625 0 0 0 2978 0 17796 0 21031 0 232430 0 0 0 MARGARET M MCGRAIL VP STUDENT SERVICES 213873 0 0 0 0 0 19835 0 21031 0 254739 0 0 0 ALFRED S POSAMENTIER DEAN, SCHOOL OF EDUCATION 315634 0 0 0 0 0 10290 0 0 0 325924 0 0 0 CHARLES E WEIS JR DEAN, SCHOOL OF BUSINESS 214673 0 40000 0 0 0 20403 0 21031 0 296107 0 0 0 A NEW YORK CITY INDUSTRIAL DEVELOPMENT AGENCY 132906040 64971C450 2005-05-01 16220000 REFINANCING OF DEBT 0 0 0 B WESTCHESTER INDUSTRIAL DEVELOPMENT AGENCY 521294265 957368GJ6 2005-05-01 10140000 REFINANCING OF DEBT 0 0 0 C DOBBS FERRY LOCAL DEVELOPMENT CORPORATION 800668125 256048AA7 2014-07-31 8255000 INFRASTRUCTURE IMPROVEMENTS 0 0 0 D DOBBS FERRY LOCAL DEVELOPMENT CORPORATION 800668125 256048AB5 2014-07-31 12565000 INFRASTRUCTURE IMPROVEMENTS 0 0 0 A 6240000 16220000 948848 15271152 2005 0 0 0 1 B 5570000 10140000 696128 9443872 2005 0 0 0 1 C 8255000 135214 8119786 2015 0 0 0 1 D 12565000 205810 12359190 0 0 0 1 A 0 0 0 0 0 0 1 B 0 0 0 0 0 0 1 C 0 0 0 0 0 0 1 D 0 0 0 0 0 0 1 A 0 0 0 0 1 0 0 0 1 B 0 0 0 0 1 0 0 0 1 C 0 0 0 0 0 0 0 0 1 D 0 0 0 0 0 0 0 0 1 A 1 B 1 C 1 D 1 A DOBBS FERRY LOCAL DEVELOPMENT CORPORATION 800668125 256048AC3 2014-07-31 16035000 INFRASTRUCTURE IMPROVEMENTS 0 0 0 A 16035000 262647 15772353 0 0 0 1 A 0 0 0 0 0 0 1 A 0 0 0 0 0 0 0 0 1 A 1 X 4 38609 FAIR MARKET VALUE X AUCTION ITEMS 4 14100 0 1 1 PART I, LINE 32B: MERCY COLLEGE USES CHARITY BUZZ, AN ONLINE AUCTION SERVICE, TO AUCTION DONATED GOODS. FORM 990, PART VI, SECTION B, LINE 11 SENIOR MANAGEMENT REVIEWS THE FORM 990 AND IT IS THEN PROVIDED TO THE BOARD OF TRUSTEES PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY, BOARD OF TRUSTEES, OFFICERS, SENIOR EXECUTIVES AND CERTAIN OTHER DESIGNATED EMPLOYEES ARE REQUIRED TO SIGN OFF ON THE CONFLICT OF INTEREST POLICY AND TO DISCLOSE INTERESTS THAT COULD GIVE RISE TO CONFLICT. FORM 990, PART VI, SECTION B, LINE 15 WHEN DETERMINING THE COMPENSATION OF THE ORGANIZATION'S PRESIDENT, THE ORGANIZATION TYPICALLY CONSULTS PUBLIC INFORMATION DERIVED FROM THE ANNUAL REPORT ISSUED BY THE CHRONICLE OF HIGHER EDUCATION AND THEN SENDS TO THE BOARD OF TRUSTEES FOR APPROVAL. RECOMMENDATIONS ARE MADE TO THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES TO REVIEW AND APPROVE THE SALARIES OF THE PRESIDENT'S DIRECT REPORTS, INCLUDING OFFICERS AND KEY EMPLOYEES OF THE COLLEGE. FORM 990, PART VI, SECTION C, LINE 19 MERCY COLLEGE MAKES ITS GOVERNING DOCUMENTS (BY-LAWS), CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: LOSS ON INTEREST RATE SWAPS -1,036,862. SPECIAL EVENTS - DIRECT EXPENSES -119,131. FORM 990, PART XII, LINE 2C: THE PROCESS OF OVERSEEING THE AUDIT AND SELECTION OF INDEPENDENT ACCOUNTANT HAS NOT BEEN CHANGED FROM THE PRIOR YEAR.