2015-03-27T09:06:09-07:00 2014-05-31 990 2013-06-01 060653264 CULINARY INSTITUTE OF AMERICA CULI 8454511478 1946 CAMPUS DRIVE HYDE PARK NY 12538 CHARLES O'MARA SR VP-FINANCE & ADMIN 8454511285 2014-12-19 2013 2016-03-07 17:11:31Z CHARLES A O'MARA 1946 CAMPUS DRIVE HYDE PARK NY 12538 160558095 0 X WWW.CIACHEF.EDU X 1946 NY COLLEGE DEDICATED TO PROVIDING OUR STUDENTS WITH THE WORLD'S BEST CULINARY EDUCATION 25 25 1148 29 -3168 0 9909988 7453446 150748297 151313908 1072003 386472 1524411 813801 163254699 159967627 19635164 21453302 0 0 75487366 76090972 0 0 2246195 58824665 58235014 153947195 155779288 9307504 4188339 381832945 428166941 153556058 178634533 228276887 249532408 COLLEGE DEDICATED TO PROVIDING OUR STUDENTS WITH THE WORLD'S BEST CULINARY EDUCATION 0 0 124675043 21453302 151313908 THE CULINARY INSTITUTE OF AMERICA IS A PRIVATE NOT FOR PROFIT COLLEGE DEDICATED TO PROVIDING THE WORLD'S BEST PROFESSIONAL CULINARY EDUCATION. EXCELLENCE, LEADERSHIP, PROFESSIONALISM, ETHICS AND RESPECT FOR DIVERSITY ARE THE CORE VALUES THAT GUIDE OUR EFFORTS. WE TEACH OUR STUDENTS THE GENERAL KNOWLEDGE AND SPECIFIC SKILLS NECESSARY TO LIVE SUCCESSFUL LIVES AND TO GROW INTO POSITIONS OF INFLUENCE AND LEADERSHIP IN THEIR CHOSEN PROFESSION. 0 0 0 124675043 1 1 0 1 0 0 0 0 0 1 1 1 0 1 1 1 0 1 1 1 1 0 1 0 1 0 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 0 0 1 262 0 1 1148 1 1 1 1 SN 0 0 0 1 1 0 0 0 0 0 0 X 25 25 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA NY TX X STEVEN STROM 8454511552 1946 CAMPUS DRIVE HYDE PARK NY 12538 PATRICIA ANTON TRUSTEE 1.15 0 X 0 0 0 RAYMOND BICKSON TERM BEGINS 10-2013 TRUSTEE 1.15 0 X 0 0 0 ELIZABETH BLAU TRUSTEE 1.15 0 X 0 0 0 RALPH BRENNAN TRUSTEE 1.15 0 X 0 0 0 FRED CARL JR TRUSTEE 1.15 0 X 0 0 0 CARLA COOPER TRUSTEE 1.15 0 X 0 0 0 TIM CURCI TRUSTEE 1.15 0 X 0 0 0 PATRICIA DAILEY TRUSTEE 1.15 0 X 0 0 0 LORI DANIEL TRUSTEE 1.15 0 X 0 0 0 LORNA DONATONE TRUSTEE 1.15 0 X 0 0 0 FRANK J FAHRENKOPF JR TRUSTEE 1.15 0 X 0 0 0 THOMAS KELLER TRUSTEE 1.15 0 X 0 0 0 RICHARD KESSLER TERM BEGINS 10-2013 TRUSTEE 1.15 0 X 0 0 0 TAKESHI KOHJIMA TRUSTEE 1.15 0 X 0 0 0 JON LUTHER VICE CHAIRMAN 1.15 0 X 0 0 0 ARTHUR MAXWELL TRUSTEE 1.15 0 X 0 0 0 RICHARD MAZER TREASURER 1.15 0 X 0 0 0 CHARLES MERINOFF II TRUSTEE 1.15 0 X 0 0 0 MICHAEL MINA TERM BEGINS 10-2013 TRUSTEE 1.15 0 X 0 0 0 ROBERT MUH TRUSTEE 1.15 0 X 0 0 0 CHARLES PALMER CHAIRMAN 1.15 0 X 0 0 0 HAROLD O ROSSER TRUSTEE 1.15 0 X 0 0 0 RICHARD SANDOVAL TRUSTEE 1.15 0 X 0 0 0 JOSEPH H WENDER TRUSTEE 1.15 0 X 0 0 0 ROY YAMAGUCHI SECRETARY 1.15 0 X 0 0 0 MELINDA R RICH- TERM ENDS 10-2013 SECRETARY 1.15 0 X 0 0 0 MICHAEL S KAUFMAN TERM ENDS 10-2013 TRUSTEE 1.15 0 X 0 0 0 MARTIN P SUTTER-TERM ENDS 10-2013 TRUSTEE 1.15 0 X X 0 0 0 LAWRENCE T RYAN PRESIDENT 37.5 0 X 819669 0 184120 MARK ERICKSON PROVOST 37.5 0 X 436456 0 99151 BRUCE HILLENBRAND VICE PRESIDENT-MARKETING AND STRATEGY 37.5 0 X 377252 0 93329 RICHARD MIGNAULT VICE PRESIDENT-ADMIN. & SHARED SERVICES 37.5 0 X 340974 0 85411 CHARLES A OMARA SENIOR VP -FINANCE & ADMIN. 37.5 0 X 336817 0 66437 VICTOR GIELISSE VICE PRESIDENT-ADVANCEMENT/ BUS. DEVELOPMENT 37.5 0 X 232730 0 72572 GREGORY DRESCHER VICE PRESIDENT-STRATEGIC INITIATIVES 37.5 0 X 226729 0 72472 MICHAEL SPERLING VICE PRESIDENT-ACADEMIC AFFAIRS 37.5 0 X 228058 0 62653 THOMAS BENSEL MANAGING DIRECTOR OF GREYSTONE 37.5 0 X 218445 0 30504 SUSAN CUSSEN ASSOCIATE VP- BRANCH CAMPUSES 37.5 0 X X 202504 0 37945 GENEVIEVE S FELDER MANAGING DIRECTOR OF SINGAPORE 37.5 0 X 336799 0 47365 DAVID KELLAWAY MANAGING DIRECTOR OF SAN ANTONIO 37.5 0 X 200882 0 45638 BRADLEE BARNES SENIOR DIRECTOR CONTINUING EDUCATION 37.5 0 X 182431 0 42934 KATHY MERGET DEAN OF LIBERAL ARTS & MGT STUDIES 37.5 0 X 181340 0 51330 4321086 0 991861 119 0 1 0 Kirchoff Construction 199 West Road Pleasant Valley NY 12569 Construction 19185694 Sodexho 2555 Main Street St Helena CA 94574 Custodial Services 2484695 LCS Facility Group 381 Main Street Poughkeepsie NY 12601 Custodial Services 2068945 Noelker and Hull Associates 30 West King Street Chambersburg PA 17201 Architects 1063221 UltraMar Travel Management 14 East 47th Street New York NY 10017 Travel Manangement Services 952977 33 743299 763919 5946228 1592407 7453446 TUITION, DORM & STUDENT FEES 611310 136747426 136747426 0 0 EDUCATIONAL SERVICES 611310 10155433 10155433 0 0 BOOKSTORE/ FOOD SALES 611710 4269837 4269837 0 0 PLACEMENT FEES/ CAREER WEEKS 611310 141212 141212 0 0 0 0 0 0 151313908 385407 0 -3168 388575 0 0 0 0 695472 0 0 695472 48878 0 0 0 48878 0 48878 0 0 48878 0 1065 0 0 0 1065 1065 0 0 1065 256812 743299 590468 -333656 0 -333656 CASH DISCOUNT ON PURCHASES 900099 4134 0 0 4134 ALUMNI INCOME 900099 5817 0 0 5817 393156 0 0 393156 403107 159967627 151313908 -3168 1203441 0 0 21083392 21083392 369910 369910 0 0 4199430 1137115 2754867 307448 0 0 0 0 52882619 42032423 9763760 1086436 3213692 2548662 581851 83179 11967029 9598230 2104472 264327 3828202 3006579 742308 79315 0 0 0 0 785530 15172 769459 899 134825 0 134825 0 115339 0 0 115339 0 0 36874 0 36874 0 12855776 9303375 3503612 48789 1346570 194847 1151639 84 3361882 2706204 629386 26292 1154295 89788 1064507 0 0 0 0 0 4289375 3264988 1020593 3794 2097354 1444058 549717 103579 0 0 0 0 134153 101337 30750 2066 3670975 3319700 346768 4507 0 0 0 0 8030775 6625308 1312440 93027 658518 160944 497574 0 FOOD & BEVERAGE COSTS 10415816 10066993 346486 2337 STUDENT SUPPLIES 4351121 4344279 6503 339 EQUIPMENT 1798795 1531539 258652 8604 NON FOOD COSTS OF GOOD SOLD 1261112 1163880 96513 719 1735929 566320 1154494 15115 155779288 124675043 28858050 2246195 5632808 3411989 68631 68316 6641516 6779473 6720616 4105054 0 0 0 0 1905014 1939216 2330806 2539113 1715119 2169622 342812681 123350552 198961849 219462129 7618056 1575195 128598798 148671127 21639732 37445707 381832945 428166941 8469434 10398221 1678471 1646717 22957608 19206660 103381308 130634166 0 0 0 0 0 0 0 0 17069237 16748769 153556058 178634533 X 172462178 191894573 31631560 33333424 24183149 24304411 228276887 249532408 381832945 428166941 X 4188339 15861960 464664 0 0 740558 X 0 1 X 1 1 1 X 10308089 17045933 18822461 9909888 7453446 63539817 10308089 17045933 18822461 9909888 7453446 63539817 11311059 52228758 2352681 1281841 2446049 1885919 1129757 9096247 473826 508067 513309 497440 403107 2395749 75031813 705728811 0.69609 0.706 X Schedule A, Part I, Line 7 THE INSTITUTE APPLIED AND RECEIVED EXEMPTION FROM THE IRS AS A SCHOOL DESCRIBED IN SECTION 170(b)(1)(A)(ii). THE INSTITUTE HAS ELECTED TO UTILIZE THE SPECIAL RULE FOR REPORTING CONTRIBUTIONS ON SCHEDULE B. IN ORDER TO PROPERLY SUBMIT THE REQUIRED SUPPORT TEST ON SCHEDULE A, PART II; BOX 7 WAS CHECKED IN PART I NOT BOX 2. Schedule A, Part II, Line 10 OTHER INCOME PRIMARILY REPRESENTS MISCELLANEOUS STUDENT RELATED FEES, SUCH AS VENDING INCOME AND OTHER SIMILAR FEES. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 115339 115339 0 Schedule C, Part II-B, Line 1 LOBBYING EXPENSES ARE FOR PAYMENTS MADE TO A FEDERAL GOVERNMENT RELATIONS FIRM AND AN INDEPENDENT LOBBYING GROUP. WE PAY A $9,000 PER MONTH RETAINER PLUS REIMBURSEMENT FOR EXPENSES. 115130491 4474841 14000361 5436342 657439 0 127511912 100155107 5337796 15203447 4908420 657439 0 115130491 93093298 13105489 -2070038 3324971 648671 0 100155107 72902870 9186359 12243586 1239517 0 0 93093298 65209048 564457 8553845 1424480 0 0 72902870 0.61 0.19 0.2 0 0 0 7373865 7373865 0 257503344 66630741 190872603 0 0 0 0 0 66957822 56719811 10238011 0 10977650 0 10977650 219462129 0 0 MULTI STRATEGY FUNDS 139283532 F REAL ASSETS 4024246 F PRIVATE EQUITY 3447991 F LAND AND OTHER 1915358 C 148671127 OTHER RECEIVABLES 1975396 DEPOSITS WITH BOND TRUSTEES 31737775 BOND ISSUANCE AND RELATED COSTS 3732536 37445707 0 CURRENT VALUE OF DERIVIATIVE 9663924 ACCRUED LIABILITIES 7084845 16748769 X 157484889 15861960 464664 0 -19362956 -3036332 160521221 36874 -590468 -553594 159967627 136272473 464664 0 0 928229 1392893 134879580 36874 20862834 20899708 155779288 Schedule D, Part V, Line 4 THE INSTITUTE HAS A POLICY OF APPROPRIATING FOR DISTRIBUTION EACH YEAR A PERCENTAGE OF ITS ENDOWMENT FUND BASED ON THE FUND'S AVERAGE FAIR VALUE OVER THE PRIOR 12 QUARTERS. THE SPENDING RATE IS 5% FOR FISCAL YEAR 2013-2014. ENDOWMENT SPENDING IS PRIMARILY USED, TO FUND STUDENT SCHOLARSHIPS AND SOME OPERATING EXPENDITURES. Schedule D, Part X, Line 2 THE INSTITUTE HAS A TAX DETERMINATION LETTER DATED FEBRUARY 22, 1973, FROM THE INTERNAL REVENUE SERVICE STATING THAT IT QUALIFIES UNDER THE PROVISIONS OF SECTION 501(C) 3 OF THE INTERNAL REVENUE CODE AND IS GENERALLY EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501 (A) OF THE INTERNAL REVENUE CODE.YEAR. THE INSTITUTE BELIEVES IT HAS TAKEN NO SIGNIFICANT UNCERTAIN TAX PROVISIONS. Schedule D, Part XI, Line 2d SCHOLARSHIPS AND GRANTS TO STUDENTS (-21,453,302), APPRECIATION IN FAIR VALUE OF DERIVATIVE ( $1,205,222) WHICH IS OFFSET BY SINGAPORE AFFILIATE REVENUES ( $885,124). Schedule D, Part XI, Line 4b FUNDRAISING EXPENSES Schedule D, Part XII, Line 2d DEDUCTING EXPENSES FOR OUR SINGAPORE AFFILIATE. Schedule D, Part XII, Line 4b FUNDRAISING EXPENSES ( $ -590,468) , NET OF SCHOLARSHIPS AND GRANTS TO STUDENTS $ 21,453,302 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 RESPECT FOR DIVERSITY IS ONE OF THE INSTITUTE'S FIVE CORE VALUES. THE INSTITUTE'S RACIAL NONDISCRIMINATORY POLICY IS CLEARLY EXPRESSED ON ALL MATERIALS WHICH ARE USED IN THE SOLICITATION OF PROSPECTIVE STUDENTS. Schedule E, Part I, Line 6 THE INSTITUTE RECEIVES VARIOUS FEDERAL FUNDS AND STATE GRANTS TO SUBSIDIZE THE STUDENT EDUCATIONAL COSTS. East Asia and the Pacific 1 3 Program Services EXPENSES FOR A CULINARY EDUCATIONAL PROGRAM IN THE COUNTRY OF SINGAPORE 1388095 Europe (including Iceland and Greenland) 0 0 Program Services INTERNATIONAL COURSES FOR STUDENTS MATRICULATED IN THE INSTITUTE'S FOUR YEAR BACHELOR'S PROGRAM STUDIES. AS PART OF THE STUDENT'S EDUCATIONAL EXPERIENCE, THEY ARE TAKEN ON A 3 WEEK TRIP TO EITHER SPAIN OR ITALY. 1357651 East Asia and the Pacific 0 0 Program Services SCHOLARSHIPS TO FOREIGN STUDENTS 369910 1 3 3115656 SCHOLARSHIPS TO FOREIGN STUDENTS East Asia and the Pacific 369910 BASED ON TUITION COSTS 0 0 1 1 0 0 GALA EVENTS 789814 589484 200330 0 0 152802 0 1300 198743 OTHER EVENTS 210297 153815 56482 0 0 15599 35892 513 185619 0 1000111 743299 256812 0 0 168401 35892 1813 384362 590468 -333656 1 STUDENT SCHOLARSHIPS AND GRANTS. NUMBER OF RECIPIENTS IS ESTIMATED AS FOLLOWS; TOTAL NUMBER OF STUDENTS (2,222) X ESTIMATED PERCENTAGE OF STUDENTS WHO RECEIVE SCHOLARSHIPS AND GRANTS (90%). 2000 21083392 0 BASED ON TUITION COSTS Schedule I, Part I, Line 2 WHEN DETERMINING THE DISTRIBUTION OF GRANTS AND LOANS TO STUDENTS, THE CULINARY INSTITUTE OF AMERICA COMPLIES WITH THEGUIDELINES OF THE U.S. DEPT. OF EDUCATION - TITLE IV REGULATIONS, NY STATE BOARD OF REGENTS AND THE ACCREDITING COMMISSION OF CAREER SCHOOLS AND COLLEGES OF TECHNOLOGY (ACCSCT) AND MIDDLE STATES ASSOCIATION COMMISSION ON HIGHER EDUCATION. X 1 1 X X X 0 0 0 0 0 0 0 0 0 LAWRENCE T RYAN PRESIDENT 563762 0 174191 0 81717 0 80751 0 103369 0 1003790 0 68036 0 MARK ERICKSON VICE PRESIDENT -DEAN CULINARY EDUCATION 345513 0 50000 0 40943 0 58926 0 40225 0 535607 0 34244 0 BRUCE HILLENBRAND VICE PRESIDENT-MARKETING AND STRATEGY 302381 0 33000 0 41871 0 54612 0 38717 0 470581 0 32395 0 RICHARD MIGNAULT VICE PRESIDENT-HUMAN RESOURCES 289568 0 42000 0 9406 0 53331 0 32080 0 426385 0 0 0 CHARLES A OMARA SENIOR VP -FINANCE & ADMIN. 256255 0 33000 0 47561 0 50000 0 16438 0 403254 0 36028 0 VICTOR GIELISSE VICE PRESIDENT-ADVANCEMENT/ BUS. DEVELOPMENT 220730 0 12000 0 0 0 43020 0 29552 0 305302 0 0 0 GREGORY DRESCHER VICE PRESIDENT-STRATEGIC INITIATIVES 220729 0 6000 0 0 0 43020 0 29452 0 299201 0 0 0 MICHAEL SPERLING VICE PRESIDENT-ACADEMIC AFFAIRS 216058 0 12000 0 0 0 27500 0 35153 0 290711 0 0 0 THOMAS BENSEL MANAGING DIRECTOR OF GREYSTONE 191257 0 27188 0 0 0 0 0 30504 0 248949 0 0 0 GENEVIEVE S FELDER MANAGING DIRECTOR OF SINGAPORE 154809 0 15600 0 166390 0 14355 0 33010 0 384164 0 0 0 DAVID KELLAWAY MANAGING DIRECTOR OF SAN ANTONIO 200882 0 0 0 0 0 10927 0 34711 0 246520 0 0 0 SUSAN CUSSEN ASSOCIATE VP- BRANCH CAMPUSES 184504 0 18000 0 0 0 17325 0 20620 0 240449 0 0 0 BRADLEE BARNES SENIOR DIRECTOR CONTINUING EDUCATION 162288 0 20144 0 0 0 8612 0 34322 0 225366 0 0 0 KATHY MERGET DEAN OF LIBERAL ARTS & MGT STUDIES 181340 0 0 0 0 0 17008 0 34322 0 232670 0 0 0 Schedule J, Part I, Line 1a THE PRESIDENT IS PROVIDED WITH RESIDENTIAL HOUSING ON CAMPUS, FOR THE CONVENIENCE OF THE COLLEGE. THE ESTIMATED FAIR VALUE OF THE HOUSING IS INCLUDED ON SCHEDULE J AS A NONTAXABLE BENEFIT. AN INDEPENDENT CONTRACTOR IS USED TO MAINTAIN AND CLEAN THE PRESIDENTS RESIDENCE, WHICH IS INSTITUTE PROPERTY. THE PRESIDENTS PERSONAL USE PORTION OF THIS SERVICE IS INCLUDED IN HIS W2. Schedule J, Part I, Line 3 THE BOARD OF TRUSTEES HAS THE OVERALL RESPONSIBILITY FOR THE COMPENSATION REVIEW OF THE PRESIDENT. AN ANNUAL REVIEW IS BASED ON FOUR FACTORS, SUMMATIVE PERFORMANCE APPRAISAL, ACHIEVEMENT OF ANNUAL GOALS, MARKET ANALYSIS AND INSTITUTIONAL NEEDS. THE PRESIDENT SUBMITS A STATUS REPORT ON THE CURRENT YEAR'S GOALS, YEAR END RESULTS AND PROPOSED GOALS FOR THE UPCOMING YEAR. THE COMPENSATION COMMITTEE WILL ALSO RECEIVE APPROPRIATE PEER AND BENCHMARK DATA FROM THE HUMAN RESOURCES OFFICE. THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES WILL REVIEW THE PRESIDENT'S PERFORMANCE AND DISCUSS THEIR CONCLUSIONS ORALLY WITH THE PRESIDENT TO ENSURE THE ACCURATE AND FAIRNESS OF JUDGEMENTS. THE COMPENSATION COMMITTEE WILL THEN DISCUSS ITS CONCLUSIONS AND COMPENSATION RECOMMENDATION WITH THE PRESIDENT. THE PRESIDENT HAS A WRITTEN EMPLOYMENT CONTRACT. THE PRESIDENT HAS THE OVERALL RESPONSIBILITY FOR THE COMPENSATION REVIEW OF THE VICE PRESIDENTS. A MARKET ANALYSIS IS DONE BY THE HUMAN RESOURCES OFFICE WHICH ALSO INCLUDES PEER AND BENCHAMARK DATA. THIS ANALYSIS IS THEN USED AS A TOOL FOR DETERMINING SALARY CHANGES AND IS REVIEWED WITH THE COMPENSATION COMMITTEE PRIOR TO IMPLEMENTATION. THE SCHEDULE J ALSO DETAILS THE TOTAL COMPENSATION PAID TO THE INSTITUTE'S OFFICERS, KEY EMPLOYEES AND HIGHLY COMPENSATED EMPLOYEES. THE ABOVE SCHEDULE J, ALSO INCLUDES AMOUNTS CONTRIBUTED AND DISTRIBUTED FROM THE INSTITUTE'S EXECUTIVE COMPENSATION PLAN. ON JUNE 1ST OF EACH YEAR, THE INSTITUTE DEPOSITS AND INVESTS 10% OF EACH EXECUTIVE OFFICER'S BASE PAY INTO A DEFERRED COMPENSATION ASSET PLAN. THE INITIAL VALUE OF THESE DEPOSITS ARE INCLUDED IN THE "DEFERRED COMPENSATION" COLUMN ON SCHEDULE J. VESTING OCCURS 3 YEARS FOLLOWING THE INITIAL DEPOSIT. EVEN THOUGH THIS SCHEDULE RECOGNIZES DEFERRED COMPENSATION AS WAGES EARNED, THIS TYPE OF COMPENSATION MAY BE FORFEITED, IF THE OFFICER IS NO LONGER EMPLOYED AT THE INSTITUTE. YEARLY, THE VESTED DEPOSITS AND ANY ASSOCIATED REALIZED GAINS OR LOSSES WILL BE DISTRIBUTED TO EACH EXECUTIVE OFFICER. THESE DISTRIBUTIONS ARE INCLUDED IN THE "OTHER COMPENSATION" COLUMN IN SCHEDULE J. EFFECTIVELY, THE VALUE OF THE ORIGINAL DEPOSITS ARE BEING REPORTED AS COMPENSATION TWICE ON THE SCHEDULE J. A DORM AUTHORITY OF THE STATE OF NEW YORK SERIES 2004A 146000293 64893U4R8 2004-02-11 9663022 REFUNDING 0 0 0 B DORM AUTHORITY OF THE STATE OF NEW YORK SERIES 2004B AND 2004C 146000293 64983U7TI 2004-02-11 33452056 CONSTRUCTION 0 0 0 C DORM AUTHORITY OF THE STATE OF NEW YORK SERIES 2004D 146000293 64893TZS5 2004-07-22 19000000 CONSTRUCTION 0 0 0 D DORM AUTHORITY OF THE STATE OF NEW YORK SERIES 2006 146000293 64983Q000 2006-08-31 15125000 CONSTRUCTION 0 0 0 A 3015000 0 9766627 836700 0 0 190945 271032 0 0 8788808 0 1998 0 1 1 1 B 6925000 0 33909986 1901745 0 0 427136 1088859 0 31000520 0 0 2006 0 0 1 1 C 3450000 0 19421135 1172640 0 0 219455 557205 0 17646942 0 0 2006 0 0 1 1 D 2050000 0 15533822 890704 0 0 242102 435587 0 14007926 0 0 2007 0 0 1 1 A 0 0 0 0 0 0 0 0 0 1 B 0 0 0 0 0 0 0 0 0 1 C 0 0 0 0 0 0 0 0 0 1 D 0 0 0 0 0 0 0 0 0 1 A 0 0 1 0 0 0 0 0 1 B 0 0 1 0 1 1 TD BANKNORTH 30 0 0 0 0 1 C 0 0 1 0 1 1 TD BANKNORTH 30 0 0 0 0 1 D 0 0 1 0 1 1 TD BANKNORTH 30 0 0 0 0 1 A 1 B 1 C 1 D 1 Schedule K, Part I-02/11/2004 9,663,022 DORM AUTHORITY OF THE STATE OF NEW YORK PART OF THE PROCEEDS OF THE 2004A ISSUE, $8,788,808 WAS USED TO REFUND A 1997 BOND ISSUE A CALIFORNIA STATEWIDE COMMISSION DEVELOPMENT AUTHORITY-SERIES 2008 680164610 130795ZR1 2008-11-18 18200000 CONSTRUCTION AND REFUNDING 0 0 0 B DORM AUTHORITY OF THE STATE OF NEW YORK SERIES 2012 146000293 649907FT4 2012-10-26 24505780 CONSTRUCTION AND REFUNDING 0 0 0 C DORM AUTHORITY OF THE STATE OF NEW YORK -SERIES 2013 146000293 649907VHZ 2013-09-19 31057404 CONSTRUCTION 0 0 0 A 3655000 0 18207728 0 0 0 335748 82794 0 6005375 11776083 0 2009 0 1 1 1 B 655000 0 24513845 1594646 0 0 321588 0 0 11985621 10600505 0 2014 0 1 1 1 C 0 0 31057404 0 0 0 353780 0 0 0 8858594 21845030 0 0 1 1 A 0 0 0 0 0 0 0 0 0 1 B 0 0 0 0 0 0 0 0 0 1 C 0 0 0 0 0 0 0 0 0 1 A 0 1 0 0 1 1 TD BANKNORTH 30 1 1 0 0 1 B 0 1 0 0 0 0 0 0 1 C 0 1 0 0 0 0 0 0 1 A 1 B 1 C 1 Schedule K, Part I-11/18/2008 18,200,000 CALIFORNIA STATEWIDE COMMISSION DEVELOPMENT PART OF THE PROCEEDS OF THE 2008 ISSUE, $11,776,083 WAS USED TO REFUND A 2005 BOND ISSUE Schedule K, Part I-10/26/2012 24,505,780 DORM AUTHORITY OF THE STATE OF NEW YORK PART OF THE PROCEEDS OF THE 2012 ISSUE, $10,600,500 WAS USED TO REFUND A 1999 BOND ISSUE Schedule K, Part II, Line 12-09/19/2013 31,057,404 DORM AUTHORITY OF THE STATE OF NEW YORK PROCEEDS WILL BE SPENT ON CAPITAL EXPENDITURES X 760 1291315 COST X CAPITAL EQUIPMENT 18 301092 COST 0 0 1 0 Form 990, Part VI, Section B, Line 11b THE INSTITUTE'S FORM 990 IS PRIMARILY PREPARED BY THE INSTITUTE'S CONTROLLER. ONCE COMPLETED, IT IS THOROUGHLY REVIEWED BY THE SENIOR V.P. OF FINANCE AND THE INSTITUTE'S INDEPENDENT ACCOUNTING FIRM. AFTER REVISIONS ARE MADE, THE FORM IS THEN PRESENTED TO THE PRESIDENT AND BOARD OF TRUSTEE'S FINANCE COMMITTEE. AFTER THE FINANCE COMMITTEE COMPLETES ITS REVIEW, THE FORM 990 IS THEN PRESENTED TO THE BOARD OF TRUSTEES FOR APPROVAL. Form 990, Part VI, Section B, Line 12c CONFLICTS OF INTEREST FOR BOARD MEMBERS ARE CLEARLY DEFINED BY THE INSTITUTE'S BOARD OF TRUSTEES POLICY MANUAL. TRUSTEES ARE REQUIRED TO DISCLOSE TO THE BOARD ANY POSSIBLE CONFLICT OF INTEREST, AND TO ABSTAIN FROM VOTING ON ANY MATTERS, IN WHICH THEY HAVE A CONFLICT OF INTEREST. INDIVIDUAL TRUSTEES, AND MEMBERS OF THEIR FAMILY OR ANY ORGANIZATION IN WHICH A TRUSTEE OR MEMBER OF HIS OR HER FAMILY IS A STOCKHOLDER, MAY NOT HAVE EXISTING OR POTENTIAL FINANCIAL OR OTHER INTERESTS THAT MIGHT IMPAIR THEIR INDEPENDENT, UNBIASED JUDGMENT IN THE DISCHARGE OF THEIR RESPONSIBILITIES TO THE COLLEGE . THE COLLEGE MAINTAINS A CURRENT COMPLETED CONFLICT OF INTEREST STATEMENT FOR ALL TRUSTEES. THIS REVIEW IS DONE ANNUALLY FOR EACH BOARD MEMBER. THE INSTITUTE'S AUDIT COMMITTEE MONITORS TO ENSURE THAT THERE IS COMPLIANCE WITH THE POLICY. Form 990, Part VI, Section B, Line 15 THE BOARD OF TRUSTEES HAS THE OVERALL RESPONSIBILITY FOR THE COMPENSATION REVIEW OF THE PRESIDENT. AN ANNUAL REVIEW IS BASED ON FOUR FACTORS, SUMMATIVE PERFORMANCE APPRAISAL, ACHIEVEMENT OF ANNUAL GOALS, MARKET ANALYSIS AND INSTITUTIONAL NEEDS. THE PRESIDENT SUBMITS A STATUS REPORT ON THE CURRENT YEAR'S GOALS, YEAR END RESULTS AND PROPOSED GOALS FOR THE UPCOMING YEAR. THE COMPENSATION COMMITTEE WILL ALSO RECEIVE APPROPRIATE PEER AND BENCHMARK DATA FROM THE HUMAN RESOURCES OFFICE. THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES WILL REVIEW THE PRESIDENT'S PERFORMANCE AND DISCUSS THEIR CONCLUSIONS ORALLY WITH THE PRESIDENT TO ENSURE THE ACCURATE AND FAIRNESS OF JUDGEMENTS. THE COMPENSATION COMMITTEE WILL THEN DISCUSS ITS CONCLUSIONS AND COMPENSATION RECOMMENDATION WITH THE PRESIDENT. THE PRESIDENT HAS A WRITTEN EMPLOYMENT CONTRACT. THE PRESIDENT HAS THE OVERALL RESPONSIBILITY FOR THE COMPENSATION REVIEW OF THE VICE PRESIDENTS. A MARKET ANALYSIS IS DONE BY THE HUMAN RESOURCES OFFICE WHICH ALSO INCLUDES PEER AND BENCHAMARK DATA. THIS ANALYSIS IS THEN USED AS A TOOL FOR DETERMINING SALARY CHANGES AND IS REVIEWED WITH THE COMPENSATION COMMITTEE PRIOR TO IMPLEMENTATION. THE COMMITTEE CONTEMPORANOUSELY DOCUMENTS ITS DISCUSSION ON THE COMPENSATION ANALYSIS. THE COMPENSATION PROCEDURES MEET THE THREE REQUIREMENTS OF THE REBUTTABLE PRESUMPTION: (1) THE COMPENSATION ARRANGEMENT IS APPROVED IN ADVANCE BY A COMMITTEE FREE OF CONFLICTS OF INTERESTS; (2) THE COMMITTEE RELIED ON APPROPRIATE COMPARABILITY DATA; (3) THE COMMITTEE ADEQUATELY AND TIMELY DOCUMENTED THE BASIS FOR THE DECISION. Form 990, Part VI, Section C, Line 19 THE FORM 990 AND THE ACCOMPANYING FINANCIAL STATEMENTS ARE READILY AVAILABLE TO THE PUBLIC AS REQUIRED. THESE DOCUMENTS CAN BE OBTAINED UPON REQUEST BY THE PUBLIC OR IS READILY AVAILABLE ON THE INTERNET (WWW. GUIDESTAR.ORG) . Form 990, Part XI, Line 9 APPRECIATION ON THE SWAP DERIVATIVE ( $1,205,222), OFFSET BY THE RENTAL EXPENSE RELATED TO THE SAN ANTONIO GIK LEASE ( $ -464,664). THE RENTAL EXPENSE EQUALS THE AMOUNT RECORDED AS REVENUE IN PART XI. LINE 6 OF SCHEDULE D. THE RENTAL EXPENSE IS A NON-CASH ITEM. CIA SAN ANTONIO BEVERAGES LLC 312 PEARL PKWY SAN ANTONIO TX 78215 BEVERAGE CONCESSION MANAGEMENT SERVICES TX 392667 171634 CULINARY INSTITUTE OF AMERICA CIA SAN ANTONIO MANAGEMENT LLC 312 PEARL PKWY SAN ANTONIO TX 78215 BEVERAGE CONCESSION MANAGEMENT SERVICES TX 0 0 CULINARY INSTITUTE OF AMERICA CIA SAN ANTONIO OPERATIONS LLC 312 PEARL PKWY SAN ANTONIO TX 78215 BEVERAGE CONCESSION MANAGEMENT SERVICES TX 0 0 CULINARY INSTITUTE OF AMERICA THE CULINARY INSTITUTE OF AMERICA SINGAPORE LTD BLOCK 26 21 TAMPINES AVENUE 1 SINGAPORE SN 052957 EDUCATION SN 2 N/A 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 THE CULINARY INSTITUTE OF AMERICA SINGAPORE LTD o 668464 ACTUAL COSTS FOR EMPLOYEES WAGES AND BENEFITS THE CULINARY INSTITUTE OF AMERICA SINGAPORE LTD n 259765 ACTUAL COSTS OTHER RELATED EXPENSES APPROVED EXTENSIONS GRANTED FOR DELAYED FILINGS.