2017-05-31T13:46:09-05:00 2016-08-31 113518842 MARKS PANETH LLP 685 THIRD AVENUE NEW YORK NY 10017 990 2015-09-01 110461385 VAUGHN COLLEGE OF AERONAUTICS AND TECHNOLOGY VAUG 7184296600 8601 23RD AVENUE EAST ELMHURST NY 11369 ROBERT G WALDMANN VP FINANCE & BUSINESS SERVICES 7184296600 2017-05-31 1 ROBERT R LYONS CPA P00227472 2125038800 2015 2021-01-29 14:40:06Z SHARON DEVIVO 8601 23RD AVENUE EAST ELMHURST NY 11369 47597899 0 X WWW.VAUGHN.EDU X 1932 NY VAUGHN COLLEGE OF AERONAUTICS AND TECHNOLOGY PROVIDES A CULTURE OF (CONTINUED ON SCHEDULE O)EXCELLENCE IN WHICH RIGOROUS DEGREE, PROFESSIONAL, TECHNICAL AND CERTIFICATION PROGRAMS ARE OFFERED. THESE PROGRAMS, BUILT UPON OUR AERONAUTICAL HERITAGE, WILL INCORPORATE THE LATEST TECHNOLOGY AND MEET THE UNIVERSAL NEEDS OF THE INDUSTRIES THEY SERVE. THE RESULT WILL BE WELL-EDUCATED GRADUATES WHO ARE TRAINED, QUALIFIED AND SUCCESSFUL IN THEIR FIELDS. 19 18 513 18 0 0 6464418 3891716 33536773 33831672 405922 1716348 85479 81129 40492592 39520865 3950819 3807179 0 0 17859940 17024500 0 0 603480 19689297 21687480 41500056 42519159 -1007464 -2998294 107574766 100916115 60830244 56010343 46744522 44905772 TO PROVIDE A DYNAMIC LEARING ENVIORNMENT BUILT ON OUR AERONAUTICAL HERITAGE THAT INSPIRES A DIVERSE AND COMMITTED COMMUNITY OF STUDENTS TO ACHIEVE SUCCESS AS LEADERS IN THE INDUSTRIES WE SERVE. 0 0 27106855 3807179 31519139 INSTRUCTION - VAUGHN IS A FOUR YEAR PRIVATE EDUCATIONAL INSTITUTION OFFERING BACHELOR AND ASSOCIATE DEGREES IN ENGINEERING AND TECHNOLOGY, AVIATION AND MANAGEMENT. THE INSITUTION ALSO OFFERS A MASTER OF SCIENCE IN AIRPORT MANAGEMENT. THE COLLEGE PROVIDES EDUCATIONAL SERVICES TO APPROXIMATELY 1,600 STUDENTS. THE INSTRUCTIONAL SERVICES ARE SUPPORTED AND ENHANCED BY EFFORTS IN THE ACADEMIC SUPPORT, STUDENT SUPPORT AND INSTITUTIONAL SUPPORT AREAS. 2661921 2312533 AUXILIARY SERVICES - VAUGHN OPERATES A 220 BED RESIDENCE HALL TO PROVIDE ON CAMPUS HOUSING FOR OUR STUDENTS. IN FISCAL YEAR 2015/2016 APPROXIMATELY 174 STUDENTS WERE LIVING IN THE RESIDENCE HALL. . 29768776 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 1 0 0 0 0 0 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 2427 0 513 1 0 0 0 0 0 1 1 0 0 0 0 X 19 18 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X ROBERT G WALDMANN 7184296600 86-01 23RD AVENUE FLUSHING NY 11369 GEN CRAIG R MCKINLEY TRUSTEE 1.00 X 0 0 0 THOMAS APPERSON TREASURER 1.00 X X 0 0 0 ELAINE ASCH-ROOT TRUSTEE 1.00 X 0 0 0 SUSAN BAER VICE CHAIR (FORMER) 1.00 X X 0 0 0 ANNE CRUDGE SECRETARY 1.00 X X 0 0 0 JOHN H ENDERS TRUSTEE 1.00 X 0 0 0 PETER VAUGHN TRUSTEE 1.00 X 0 0 0 MONROE W HATCH JR TRUSTEE 1.00 X 0 0 0 CLYDE KIZER TRUSTEE 1.00 X 0 0 0 THOMAS S MAROTTA TRUSTEE 1.00 X 0 0 0 THOMAS J MCKEE CHAIR 1.00 X X 0 0 0 KATHERINE POSNER TRUSTEE 1.00 X 0 0 0 FRANK L ROSENBERG TRUSTEE 1.00 X 0 0 0 OSWIN MOORE TRUSTEE 1.00 X 0 0 0 DR AGAM N SINHA TRUSTEE 1.00 X 0 0 0 GEORGE A VAUGHN TRUSTEE 1.00 X 0 0 0 JOSEPH A WERNER TRUSTEE 1.00 X 0 0 0 SHARON DEVIVO PRESIDENT 40.00 X X 339211 0 41106 LYSA C SCULLY TRUSTEE 1.00 X 0 0 0 KEN STAUFFER TRUSTEE 1.00 X 0 0 0 ROBERT G WALDMANN VP FINANCE & BUSINESS SERV 40.00 X 229431 0 34209 ERNIE SHEPELSKY VP ENROLLMENT MGT. 40.00 X 202683 0 42603 DOMENIC PROSCIA VP TRAINING 40.00 X 140943 0 24478 PAUL LAVERGNE VICE PRESIDENT OF ACADEMIC 40.00 X 160479 0 33415 VINCENT PAPANDREA VP INSTITUTION RELATIONS 40.00 X 150372 0 25272 SAID LAMHAOUAR VP STUDENT AFFAIRS & ACADE 40.00 X 158330 0 24728 HASSEIN RAHEMI PROFESSOR 40.00 X 159593 0 32091 MAXINE LUBNER PROFESSOR 40.00 X 129375 0 19397 JOSEPH ZYCH PROFESSOR 40.00 X 136588 0 21201 BHASKHARAN JADONATH PROFESSOR 40.00 X 128315 0 19201 RAYMOND ADDABBO PROFESSOR 40.00 X 147046 0 33092 JOHN C FITZPATRICK FORMER PRESIDENT 40.00 X 182301 0 54123 2264667 0 404916 30 1 1 0 EGC GROUP 1175 WALT WHITMAN RD SU200 MELVILLE NY 11747 ADVERTISING 1547644 STALCO CONSTRUCTION 1316 MOTOR PARWAY ISLANDIA NY 11749 CONSTRUCTION 1491172 HERITAGE FLIGHT ACADEMY ISLIP MACARTHUR AIRPORT 2075 SMITHT RONKONKOMA NY 11779 FLIGHT TRAINING 808145 AVIATION CAFE CORP 86-01 23RD AVE FLUSHING NY 11369 FOOD 783068 LABOR MANAGEMENT CONCEPTS INC 200 BELLEVILLE TURNPIKE N ARLINGTON NJ 07301 SECURITY 541413 26 160383 3627935 103398 1195 3891716 STUDENT TUITION & FEES 611710 31519139 31519139 AUXILIARY REVENUE 900099 2312533 2312533 33831672 395182 395182 2462997 6853166 2462997 5532000 0 1321166 1321166 1321166 82037 160383 82037 0 MISCELLANEOUS FEES 900099 81129 81129 81129 39520865 33831672 0 1797477 3807179 3807179 1793210 1256924 512858 23428 11692311 8237690 3344001 110620 763975 537838 218497 7640 1854129 1305307 530281 18541 920875 648296 263370 9209 254673 254673 102000 102000 62997 62997 2042862 1361859 542250 138753 1854166 1253841 524848 75477 702766 480464 200888 21414 4482 3201 1281 1952099 1394159 557940 351352 252193 95465 3694 62428 44493 17842 93 2303441 1645118 658323 3875658 2767995 1107663 142834 102012 40822 COLLEGE RELATIONS 1612445 1101523 349612 161310 MISCELLANEOUS 1603461 1145192 458269 BAD DEBT 1475000 1475000 3284816 2423492 828023 33301 42519159 29768776 12146903 603480 484976 616271 633029 412912 3899027 4222368 325758 408327 120773060 51640700 77055323 69132360 24207661 25210751 968992 913126 107574766 100916115 2844204 2531702 3133321 2764226 34219697 33332330 20356213 17143623 276809 238462 60830244 56010343 X 14049307 13589496 32530376 31150937 164839 165339 46744522 44905772 107574766 100916115 -2998294 1066606 92938 0 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 3379258 500 142801 45966 3476593 3498762 500 -76392 43612 3379258 3059491 8000 479602 48331 3498762 2788426 3900 326217 59052 3059491 2660584 5300 176562 54020 2788426 0.04760 0.95240 0 0 2557733 2557733 97052273 30477646 66574627 21163054 21163054 0 69132360 ALTERNATIVE INVESTMENTS 22485787 F AMOUNTS HELD BY BOND TRUSTEE 2724964 F 25210751 ASSET RETIREMENT OBLIGATION 114000 CAPITAL LEASE OBLIGATION 124462 238462 X 40680409 1066606 92938 1159544 39520865 0 39520865 42612097 92938 92938 42519159 0 42519159 PART V, LINE 4: TO PROVIDE FUNDS FOR STUDENT SCHOLARSHIPS. PART X, LINE 2: THE COLLEGE BELIEVES IT HAS NO UNCERTAIN TAX POSITIONS AS OF AUGUST 31, 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. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 CATALOG SCHEDULE E, PART I, LINE 6 VAUGHN 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 AND FEDERAL WORK STUDY (FWS) PROGRAM. GALA 242420 160383 82037 82037 242420 160383 82037 82037 82037 0 1 SCHOLARSHIPS 1265 3807179 FMV TUITION ASSISTANCE PART I, LINE 2: THE COLLEGE OFFERS SEVERAL SCHOLARSHIP OPPORTUNITIES FOR STUDENTS. THE PRIMARY SCHOLARSHIPS AND THE GUIDELINES FOR QUALIFYING ARE: FOUNDERS SCHOLARSHIPS - THESE SCHOLARSHIPS ARE AWARDED TO STUDENTS UPON ACCEPTANCE TO A BACHELOR OF SCIENCE DEGREE PROGRAM AT VAUGHN. TO BE CONSIDERED, APPLICANTS MUST ATTAIN A CUMULATIVE HIGH SCHOOL AVERAGE OF AT LEAST A "B AND A COMBINED SAT1 SCORE OF AT LEAST 1000. STUDENTS WHO MEET THESE MINIMUM CRITERIAS WILL BE CONSIDERED FOR AWARDS, BASED ON THEIR GRADES AND EXAM SCORES, BY VAUGHN COLLEGE'S SCHOLARSHIP COMMITTEE. THE AWARDS MAY BE RENEWABLE FOR UP TO FOUR YEARS OF CONSECUTIVE STUDY, PROVIDING THE RECIPIENT MAINTAINS A 3.0 CUMULATIVE GRADE POINT AVERAGE (GPA). BOARD OF TRUSTEES, #14 AND #36 GRANTS - THESE GRANTS ALLOCATE FUNDS TO BE USED IN AWARDING GRANT-IN-AID ASSISTANCE TO NEW AND CONTINUING STUDENTS. GRANTS ARE AWARDED TO STUDENTS WHO ARE MATRICULATING ON A FULL OR PART-TIME BASIS IN BACHELOR AND ASSOCIATE DEGREE PROGRAMS. RECIPIENTS ARE SELECTED ON THE BASIS OF THEIR ACADEMIC PERFORMANCE AND FINANCIAL AID STATUS. AWARDS ARE DESIGNATED FOR A SPECIFIC ACADEMIC YEAR AND ARE RENEWABLE EACH SEMESTER BASED ON SATISFACTORY ACADEMIC PERFORMANCE AND THE AVAILABILITY OF FUNDS. TRANSFER STUDENT SCHOLARSHIP - STUDENTS WHO TRANSFER TO THE COLLEGE HAVING COMPLETED 24 OR MORE CREDITS AT AN ACCREDITED COLLEGE OR UNIVERSITY, AND WHO HAVE ACHIEVED A CUMULATIVE GRADE POINT AVERAGE OF AT LEAST 3.0 (INCLUDING ALL COURSES AT EVERY INSTITUTION ATTENDED) MAY BE AWARDED SCHOLARSHIPS TO TRANSFER. THE AWARDS MAY BE RENEWABLE FOR UP TO THREE YEARS OF CONSECUTIVE STUDY, PROVIDING THE RECIPIENT MAINTAINS A 3.0 CUMULATIVE GPA. ACADEMIC EXCELLENCE SCHOLARSHIPS - ACADEMIC EXCELLENCE SCHOLARSHIPS ARE AWARDED EACH YEAR TO CONTINUING STUDENTS ON THE BASIS OF OUTSTANDING ACADEMIC ACHIEVEMENT AND SELECTION FOR ACADEMIC HONORS. THE CRITERIA APPLIED IN DECIDING ELIGIBILITY FOR THESE AWARDS INCLUDE CUMULATIVE GPA AND SATISFACTORY COMPLETION OF AT LEAST TWO SEMESTERS (29 CREDITS/UNITS OR MORE) AS A MATRICULATED STUDENT. X X X X X 0 0 0 0 0 0 0 0 0 SHARON DEVIVO PRESIDENT 333435 0 0 0 5776 0 0 0 41106 0 380317 0 0 0 ROBERT G WALDMANN VP FINANCE & BUSINESS SERV 223360 0 0 0 6071 0 0 0 34209 0 263640 0 0 0 ERNIE SHEPELSKY VP ENROLLMENT MGT. 196871 0 0 0 5812 0 0 0 42603 0 245286 0 0 0 DOMENIC PROSCIA VP TRAINING 137358 0 0 0 3585 0 0 0 24478 0 165421 0 0 0 PAUL LAVERGNE VICE PRESIDENT OF ACADEMIC 156636 0 0 0 3843 0 0 0 33415 0 193894 0 0 0 VINCENT PAPANDREA VP INSTITUTION RELATIONS 148525 0 0 0 1847 0 0 0 25272 0 175644 0 0 0 SAID LAMHAOUAR VP STUDENT AFFAIRS & ACADE 157531 0 0 0 799 0 0 0 24728 0 183058 0 0 0 HASSEIN RAHEMI PROFESSOR 159593 0 0 0 0 0 0 0 32091 0 191684 0 0 0 JOSEPH ZYCH PROFESSOR 136588 0 0 0 0 0 0 0 21201 0 157789 0 0 0 RAYMOND ADDABBO PROFESSOR 147046 0 0 0 0 0 0 0 33092 0 180138 0 0 0 JOHN C FITZPATRICK FORMER PRESIDENT 175550 0 0 0 6751 0 25693 0 28430 0 236424 0 0 0 A NEW YORK CITY INDUSTRIAL DEVELOPMENT AGENCY 132906040 649438BZ0 2006-12-21 40059248 CONSTRUCTION OF FACILITY AND REFUNDING OF PRIOR ISSUE (6/18/98) 0 0 0 A 6445000 40630938 2724964 723828 19188641 19346159 2008 0 1 1 1 A 0 0 0 0 0 0 1 A 0 0 1 0 0 0 0 0 1 A 1 X FOOD DONATIONS 3 775 FMV X JETS TICKET 1 420 COST 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 PETER VAUGHN IS THE NEPHEW OF GEORGE A. VAUGHN FORM 990, PART VI, SECTION B, LINE 11 THE AUDIT COMMITTEE AND THE BOARD REVIEW THE 990 IN DETAIL. ONCE FORMALLY APPROVED THE 990 IS FILED. FORM 990, PART VI, SECTION B, LINE 12C IN MAY 2007, A NEW BOARD OF TRUSTEES - CONFLICT OF INTEREST POLICY AND PROCEDURE WAS ADOPTED. THE POLICY AND PROCEDURE INCLUDES AN ANNUAL CONFLICT OF INTEREST DISCLOSURE STATEMENT WHICH MUST BE COMPLETED, SIGNED AND SUBMITTED BY EACH BOARD MEMBER EVERY YEAR IN MAY. THE PRESIDENT'S SECRETARY CONFIRMS RECEIPT OF THE STATEMENTS AND KEEPS THEM ON FILE. IN JULY 2009, AN OFFICERS AND MANAGEMENT STAFF CONFLICT OF INTEREST POLICY AND PROCEDURES WAS ADOPTED. THE POLICY AND PROCEDURES ALSO INCLUDES A CONFLICT OF INTEREST DISCLOSURE FORM WHICH IS COMPLETED, SIGNED AND SUBMITTED ON AN ANNUAL BASIS. THE ASSISTANT VICE PRESIDENT FOR HUMAN RESOURCES AND COLLEGE SERVICES CONFIRMS RECEIPT, REVIEWS THE FORMS AND KEEPS THEM ON FILE. FORM 990, PART VI, SECTION B, LINE 15 LINE 15A: THE PRESIDENT'S COMPENSATION IS DETERMINED BY THE BOARD OF TRUSTEES COMPENSATION COMMITTEE WITH STAFF ASSISTANCE FROM THE COLLEGE'S EXTERNAL LEGAL COUNSEL. COUNSEL USES THE FOLLOWING COMPENSATION FACTORS AND SOURCES TO ASSIST THE COMMITTEE IN ITS DECISION MAKING PROCESS: COMPENSATION FACTORS - A. COMPENSATION LEVELS PAID BY SIMILAR ORGANIZATIONS B. LEVEL OF PERSON'S EDUCATION AND EXPERIENCE C. SPECIFIC RESPONSIBILITIES OF POSITION D. PREVIOUS SALARY OR COMPENSATION PACKAGE E. SIMILAR SERVICES IN THE SAME GEOGRAPHIC OR METROPOLITAN AREA F. SIMILAR NUMBER OF STUDENTS G. ANNUAL BUDGET AND/OR GROSS REVENUE/ASSETS H. NATURE OF CURRICULUM (E.G., 2 YEAR VS. 4 YEAR UNDERGRADUATE VS. GRADUATE) COMPENSATION SOURCES - A. PUBLISHED SURVEYS OF COMPENSATION AT SIMILAR INSTITUTIONS B. INTERNET RESEARCH ON COMPENSATION AT SIMILAR INSTITUTIONS C. FORMS 990 FILED BY OTHER COLLEGES AND UNIVERSITIES D. ANNUAL BUDGET OR GROSS REVENUE/ASSETS LINE 15B: THE PRESIDENT SETS THE COMPENSATION OF THE OTHER OFFICERS AND KEY EMPLOYEES. SHE USES SIMILAR COMPENSATION FACTORS AND SOURCES AND ADVISES THE COMPENSATION COMMITTEE OF HER DECISIONS FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION KEEPS A COPY OF ITS IRS FORM 990 IN ITS LIBRARY FOR EXAMINATION BY THE PUBLIC. A SUMMARY OF ITS KEY FINANCIAL RESULTS IS PRINTED IN ITS MAGAZINE - ANNUAL REPORT EDITION. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.