2017-05-15T14:38:53-05:00 2016-06-30 113266576 GRASSI & CO CPA'S PC 50 JERICHO QUADRANGLE JERICHO NY 11753 990 2015-07-01 131740447 THE COLLEGE OF NEW ROCHELLE COLL 9146545000 29 CASTLE PLACE NEW ROCHELLE NY 10805 THOMAS CUNNINGHAM VP OF FINANCE AND ADMINISTRATION 9146545000 2017-05-15 1 DAVID ROTTKAMP P01303468 5162563500 2017-05-15 2015 2021-01-29 14:40:06Z THOMAS CUNNINGHAM 68682752 0 X WWW.CNR.EDU X COLLEGE 1904 NY SEE SCHEDULE OTHE COLLEGE OF NEW ROCHELLE'S MISSION IS TO PROVIDE ACCESS TO EDUCATION. IT CURRENTLY EDUCATES 4,000 STUDENTS ANNUALLY BY PROVIDING BOTH UNDERGRADUATE AND GRADUATE EDUCATION. THE COLLEGE HAS FOUR SCHOOLS, SCHOOL OF ARTS AND SCIENCE, SCHOOL OF NURSING & HEALTHCARE PROFESSIONS, GRADUATE SCHOOL AND THE SCHOOL OF NEW RESOURCES. THE COLLEGE ALSO PROVIDES ROOM AND BOARD FACILITIES FOR THOSE STUDENTS WHO CHOOSE TO LIVE ON CAMPUS. 27 26 1377 0 0 0 3817134 6332759 59955557 61827568 2833370 444326 185797 78099 66791858 68682752 11854285 13902803 0 0 34896513 37328882 97500 97500 3237806 23308997 31558526 70157295 82887711 -3365437 -14204959 106080162 87698670 81032826 110270032 25047336 -22571362 X SEE SCHEDULE OTHE COLLEGE OF NEW ROCHELLE IS DEDICATED TO THE EDUCATION OF WOMEN AND MEN IN THE LIBERAL ARTS AND IN PROFESSIONAL STUDIES. BUILDING UPON ITS ORIGINAL COMMITMENT TO WOMEN, THE COLLEGE ALSO REACHES OUT TO THOSE WHO HAVE NOT PREVIOUSLY HAD ACCESS TO HIGHER EDUCATION. IT PLACES PARTICULAR EMPHASIS ON THE CONCEPT OF LIFELONG LEARNING. THE COLLEGE IS COMMITTED TO A RESPECT AND CONCERN FOR EACH INDIVIDUAL. 0 0 62947966 13902803 58085554 HIGHER EDUCATION. THE COLLEGE OF NEW ROCHELLE PROVIDES UNDERGRADUATE AND GRADUATE EDUCATION FOR MORE THAN 4000 STUDENTS ANNUALLY. THE STUDENTS ATTEND THE SCHOOL OF ARTS & SCIENCE, THE SCHOOL OF NURSING & HEALTHCARE PROFESSIONS, THE SCHOOL OF NEW RESOURCES AND THE GRADUATE SCHOOL. 3283652 3820113 ROOM AND BOARD FOR STUDENTS RESIDING ON CAMPUS AND GENERAL FEES FOR ALL STUDENTS. 66231618 1 1 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 0 1 0 0 0 0 1 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 35 0 1377 1 0 0 0 0 0 0 0 0 X 27 26 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X THOMAS CUNNINGHAM 9146545714 29 CASTLE PLACE NEW ROCHELLE NY 10805 GWEN ADOLPH TRUSTEE 1.00 X 0 0 0 ROSA KITTRELL BAKRSDALE TRUSTEE 1.00 X 0 0 0 KAREN CALO TRUSTEE 1.00 X 0 0 0 LILLIAN BRENNAN CARNEY TRUSTEE 1.00 X 0 0 0 TYRONNE DAVIS TRUSTEE 1.00 X 0 0 0 CYNTHIA DIPIETRANTONIO TRUSTEE 1.00 X 0 0 0 CARLA ROMITA ECCLESTON TRUSTEE 1.00 X 0 0 0 PETER JAVIER TRUSTEE 1.00 X 0 0 0 CELESTE M JOHNSON TRUSTEE 1.00 X 0 0 0 REGINA KEHOE TRUSTEE 1.00 X 0 0 0 ELIZABETH LEVACA CHAIR OF THE BOARD 1.00 X X 0 0 0 MARGARET ANN MOSER TRUSTEE 1.00 X 0 0 0 LEE J O'DONOVAN TRUSTEE 1.00 X 0 0 0 ANN PETERSON TRUSTEE 1.00 X 0 0 0 JAMES REICHBACH TRUSTEE 1.00 X 0 0 0 JANE SCULLY REICHLE TRUSTEE 1.00 X 0 0 0 KEVIN SERVICE TRUSTEE 1.00 X 0 0 0 DIANA STANO TRUSTEE 1.00 X 0 0 0 JOAN WOODCOME TRUSTEE 1.00 X 0 0 0 HUGH JOHNSTON TRUSTEE 1.00 X 0 0 0 JOHN NICHOLSON TRUSTEE 1.00 X 0 0 0 SADDIE SMITH TRUSTEE 1.00 X 0 0 0 JUDITH A HUNTINGTON PRESIDENT 40.00 X X 401037 0 105959 JOAN FREILICH TRUSTEE 1.00 X 0 0 0 ANNE MARIE HYNES TRUSTEE 1.00 X 0 0 0 DOLORES CASTELLANO KING TRUSTEE 1.00 X 0 0 0 KEVIN MCDONOUGH SECRETARY 1.00 X X 0 0 0 BETTY ROBERTS VP FINANCE & ADMINISTRATION 40.00 X 217150 0 22736 DOROTHY ESCRIBANO PROVOST & SENIOR VP ACADEMIC AFFAIRS 40.00 X 275400 0 26173 COLETTE GEARY SVP STRATEGIC INITIATIVES 40.00 X 220626 0 6619 KEVIN CAVANAGH VP ENROLLMENT MANAGEMENT 40.00 X 225000 0 6750 BRENNA MAYER VP COLLEGE ADVANCEMENT 40.00 X 223779 0 32583 ELAINE WHITE VP STUDENT SERVICES 40.00 X 151500 0 37866 H MICHAEL DREHER DEAN 40.00 X 176750 0 32453 WARREN ANDREWS CHEIF INFORMATION OFFICER 40.00 X 161600 0 6148 RICHARD THOMPSON ASSOCIATE PROFESSOR 40.00 X 159038 0 30705 KEITH BORGE CONTROLLER 40.00 X 146730 0 30942 DARRYL JONES DEAN SNR 40.00 X 146660 0 4393 HANS VAN DYK SR DIRECTOR CORPORATE GOVERNMENT FOUNDATION AFFAIR 40.00 X 140138 0 4204 FRED SULLO DIRECTOR OF FACILITIES 40.00 X 137002 0 34008 2782410 0 381539 48 0 1 0 CULINART 175 SUNNYSIDE BLVD PLAINVIEW NY 11803 FOOD SERVICE 1915760 SPARK 451 865 MERRICK AVE SUITE 451 WESTBURY NY 11590 ADVERTISING AND RECRUITMENT SERVICES 1781930 DB SYSTEMS CORP 34 S BROADWAY SUITE 601 WHITE PLAINS NY 10601 COMPUTER DATABASE SERVICES 1223259 755 CO-OP CITY ASSOCIATES LP 30-56 WHITESTONE EXPRESSWAY WHITESTONE NY 11354 HOUSING 957089 ELLUCIAN COMPANY LP 62578 COLLECTIONS CT DR CHICAGO IL 60693 HIGHER EDUCATION SOFTWARE 919496 45 3806228 2526531 6332759 TUITION AND FEES 611310 57432822 57432822 SALES AND SERVICES OF AUXILIARY E 611310 4394746 4394746 61827568 444326 444326 78099 78099 78099 68682752 61905667 0 444326 13902803 13902803 3294849 323138 2610276 361435 27205384 23250191 3070418 884775 666410 576946 67880 21584 3992212 3273632 580020 138560 2170027 1692621 390605 86801 303301 303301 242445 242445 97500 97500 25680 25680 8058457 6285597 1450522 322338 2382895 1977803 405092 539856 421088 97174 21594 289116 225510 52041 11565 3263015 1468357 1566247 228411 695890 542794 125260 27836 133009 103747 23942 5320 3358653 2619749 604558 134346 2126678 1658809 382802 85067 734509 572917 132212 29380 PAYROLL TAX PENALTIES A 4203571 3278785 756643 168143 REPAIRS AND MAINTENANCE 1451055 1131823 261190 58042 UTILITIES 1214915 947633 218685 48597 BAD DEBT EXPENSE 1125466 877863 202584 45019 1410015 1099812 253802 56401 82887711 66231618 13418287 3237806 369706 625083 11142450 3557855 3794830 3729602 4821244 5438999 548771 834871 127951544 66923944 58325774 61027600 14639429 6386076 1040000 12437958 5058584 106080162 87698670 3736480 13366292 9153250 7661136 52884406 49177173 9000000 7500000 6258690 32565431 81032826 110270032 X 17940315 -29611805 2081584 2019158 5025437 5021285 25047336 -22571362 106080162 87698670 X -14204959 -520117 -33833075 939453 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2539501 X INSTRUCTIONAL PURPOSES 0 4656485 27500 -145385 909959 0 0 3628641 21002554 132980 52344 153977 6277472 117000 14639429 19955584 25000 9211213 155435 7926159 107649 21002554 21177499 107000 2408116 295193 4310838 131000 18955584 23260387 7050 -1683202 258736 0 148000 21177499 0.00000 1.00000 0.00000 0 0 258703 258703 96341611 37552188 58789423 0 31152975 29371756 1781219 198255 198255 61027600 BENEFICIAL INTEREST IN PERPETUAL TRUST 337300 INVESTMENTS - PHOTOGRAPHS 2539501 DEPOSIT WITH BOND TRUSTEES 2181783 5058584 PAYROLL TAXES LIABILITIES 24928029 INTEREST RATE SWAP 2372856 ACCRUED POSTRETIREMENT BENEFIT OBLIGATION 820883 US GOVERNMENT GRANTS REFUNDABLE 4443663 32565431 X 54234152 -520117 -520117 54754269 25680 13902803 13928483 68682752 68959228 0 68959228 25680 13902803 13928483 82887711 PART III, LINE 1A: THE PHOTOGRAPHS ARE DISPLAYED AND USED FOR INSTRUCTIONAL PURPOSES. PART V, LINE 4: ENDOWMENT FUND EARNINGS ARE USED TO PROVIDE SCHOLARSHIPS TO STUDENTS PART X, LINE 2: THE COLLEGE RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT OF BEING SUSTAINED. THE COLLEGE BELIEVES IT HAS TAKEN NO SIGNIFICANT UNCERTAIN TAX POSITIONS. INCOME GENERATED FROM ACTIVITIES UNRELATED TO THE COLLEGE'S EXEMPT PURPOSE IS SUBJECT TO TAX UNDER INTERNAL REVENUE CODE SECTION 511. THE COLLEGE DID NOT HAVE ANY MATERIAL UNRELATED BUSINESS INCOME TAX LIABILITY FOR THE YEAR ENDED JUNE 30, 2016. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS & GRANTS $13,902,803 PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS & GRANTS $13,902,803 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE COLLEGE PUBLICIZES ITS RACIAL NON-DISCRIMINATORY POLICY THROUGH ADVERTISEMENT, WEBSITE AND VARIOUS FORMS OF MEDIA AS WELL AS DURING THE PERIOD OF STUDENT REGISTRATION. SCHEDULE E, PART I, LINE 6 STUDENTS RECIEVE PELL GRANTS AND SEOG AWARDS FROM FEDERAL GOVERNMENT AND TAP AWARDS FROM NEW YORK STATE. X X X X X X 1 RICHARD KEARNS CONSULTING INC 300 E 46TH STREET NEW YORK NY 10017 PROFESSIONAL FUNDRAISING 0 0 97500 0 97500 NY 1 GRANTS AND SCHOLARSHIPS PROVIDED BY THE COLLEGE 4066 13902803 SCHOLARSHIPS AND GRANTS AWARDED BY THE FINANCIAL AID OFFICE. PART I, LINE 2: COLLEGE FUNDED SCHOLARSHIPS AND GRANTS AS WELL AS SCHOLARSHIPS AND GRANTS FROM RESTRICTED SOURCES (NEED AND MERIT BASED) PROVIDED TO STUDENTS OF THE FOUR SCHOOLS OF THE COLLEGE. THE SCHOLARSHIPS ARE CREDITED TO STUDENTS ACCOUNTS AND ARE MONITORED THROUGH THE FINANCIAL AID OFFICE IN CONJUNCTION WITH THE CONTROLLER'S OFFICE. X 1 1 X X X X 0 0 0 0 0 0 0 0 0 JUDITH A HUNTINGTON PRESIDENT 401037 0 0 0 0 0 7950 0 98009 0 506996 0 0 0 BETTY ROBERTS VP FINANCE & ADMINISTRATION 217150 0 0 0 0 0 6515 0 16221 0 239886 0 0 0 DOROTHY ESCRIBANO PROVOST & SENIOR VP ACADEMIC AFFAIRS 275400 0 0 0 0 0 7950 0 18223 0 301573 0 0 0 COLETTE GEARY SVP STRATEGIC INITIATIVES 220626 0 0 0 0 0 6619 0 0 0 227245 0 0 0 KEVIN CAVANAGH VP ENROLLMENT MANAGEMENT 225000 0 0 0 0 0 6750 0 0 0 231750 0 0 0 BRENNA MAYER VP COLLEGE ADVANCEMENT 223779 0 0 0 0 0 6713 0 25870 0 256362 0 0 0 ELAINE WHITE VP STUDENT SERVICES 151500 0 0 0 0 0 4545 0 33321 0 189366 0 0 0 H MICHAEL DREHER DEAN 176750 0 0 0 0 0 3081 0 29372 0 209203 0 0 0 WARREN ANDREWS CHEIF INFORMATION OFFICER 161600 0 0 0 0 0 4848 0 1300 0 167748 0 0 0 RICHARD THOMPSON ASSOCIATE PROFESSOR 159038 0 0 0 0 0 4771 0 25934 0 189743 0 0 0 KEITH BORGE CONTROLLER 146730 0 0 0 0 0 4402 0 26540 0 177672 0 0 0 DARRYL JONES DEAN SNR 146660 0 0 0 0 0 4393 0 0 0 151053 0 0 0 FRED SULLO DIRECTOR OF FACILITIES 137002 0 0 0 0 0 4110 0 29898 0 171010 0 0 0 PART I, LINE 1A COLLEGE HOUSING WAS PROVIDED FOR THE PRESIDENT AND THE SVP OF STRATEGIC INITIATIVES. A DORMITORY AUTHORITY OF THE STATE OF NEW YORK 146000293 6499032G5 2008-08-06 40000000 DEFEASE NYCIDA 1995 AND 1997 AND REPLACE CONSTRUCTION LOAN 0 0 0 A 9927463 40000000 115349 2219633 28960832 2009 0 1 1 1 A 0 0 0 0 1 0 0 A 1 1 1 RBS CITIZENS 10.000000000000 0 0 0 0 1 FORM 990, PART VI, SECTION B, LINE 11 A COPY OF THE FORM 990 WAS DISTRIBUTED TO THE GOVERNING BOARD FOR REVIEW. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST STATEMENTS ARE COMPLETED ANNUALLY BY THE BOARD OF TRUSTEES, OFFICERS AND KEY EMPLOYEES AND ARE REVIEWED BY THE COLLEGE'S ATTORNEY. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION OF OFFICERS AND KEY EMPLOYEES IS REVIEWED AND COMPARED TO COMPARABLE PUBLISHED COMPENSATION DATA FOR SIMILAR INSTITUIONS USING NATIONAL ADMINISTRATIVE COMPENSATION SURVEYS. THE CHAIR OF THE BOARD OF TRUSTEES IN CONJUNCTION WITH THE COMPENSATION COMMITTEE OF THE BOARD REVIEWS THE COMPENSATION DATA. THIS PROCESS IS DOCUMENTED. FORM 990, PART VI, SECTION C, LINE 19 THE DOCUMENTS ARE DISTRIBUTED UPON REQUEST. FORM 990, PART XI, LINE 9: AMOUNT NOT YET RECOGNIZED AS A COMPONENT OF NET PERIODIC BENEFIT COST 144,771. CHANGE IN VALUE OF PERPETUAL TRUST -31,652. CHANGE IN VALUE OF INTEREST RATE SWAP AGREEMENT 826,334. FORM 990, PART XI, LINE 8, PRIOR PERIOD ADJUSTMENT: THE COLLEGE LEARNED OF SIGNIFICANT UNMET FINANCIAL OBLIGATIONS, FINANCIAL IRREGULARITIES, AS WELL AS MATERIAL ERRORS IN PREVIOUSLY ISSUED FINANCIAL STATEMENTS. UPON IDENTIFYING SUCH IRREGULARITIES AND ERRORS, THE COLLEGE IMMEDIATELY COMMENCED AN INTERNAL INVESTIGATION INCLUDING OUTSIDE LEGAL COUNSEL AND FORENSIC EXPERTS TO ASSESS THE CURRENT CONDITION OF THE COLLEGE. IN RESPONSE TO THESE FINANCIAL AND OPERATIONAL CHALLENGES, THE COLLEGE HAS TAKEN MANY ACTIONS TO ADDRESS THE WEAKNESSES IN MANAGEMENT, INTERNAL CONTROL, OPERATIONS, AND THE FINANCIAL CONDITION OF THE COLLEGE IN GENERAL. VARIOUS ERRORS AND MATERIAL MISSTATEMENTS IN PREVIOUSLY REPORTED AMOUNTS HAVE BEEN IDENTIFIED AND CORRECTED AS OF JULY 1, 2015. THE EFFECT OF THE RESTATEMENT WAS TO DECREASE NET ASSETS FOR THE YEAR ENDED JUNE 30, 2015 BY $33,833,075.