2014-04-10T10:51:00-07:00 2013-05-31 990 2012-06-01 060653264 CULINARY INSTITUTE OF AMERICA CULI 8454511478 1946 CAMPUS DRIVE HYDE PARK NY 12538 CHARLES O'MARA 8454511285 2014-01-22 2012 2015-11-30 17:44:51Z CHARLES A O'MARA 1946 CAMPUS DRIVE HYDE PARK NY 12538 166395892 0 X WWW.CIACHEF.EDU X 1946 NY COLLEGE DEDICATED TO PROVIDING OUR STUDENTS WITH THE WORLD'S BEST CULINARY EDUCATION 25 25 1175 26 0 0 18822461 9909988 146602355 150748297 1907818 1072003 945611 1524411 168278245 163254699 17264535 19635164 0 0 73157769 75487366 0 0 2389236 56206580 58824665 146628884 153947195 21649361 9307504 343474603 381832945 143843544 153556058 199631059 228276887 COLLEGE DEDICATED TO PROVIDING OUR STUDENTS WITH THE WORLD'S BEST CULINARY EDUCATION 0 0 123619519 19635164 150748297 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 123619519 1 1 0 1 0 0 0 0 0 1 1 1 0 1 1 1 0 1 1 1 1 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 0 0 1 279 0 1 1175 1 0 1 BD 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 TERM BEGINS 10-2012 1.15 0 X 0 0 0 ELIZABETH BLAU 1.15 0 X 0 0 0 RALPH BRENNAN-TERM BEGINS 10-2012 1.15 0 X 0 0 0 FRED CARL JR 1.15 0 X 0 0 0 CARLA COOPER 1.15 0 X 0 0 0 TIM CURCI TERM BEGINS 10-2012 1.15 0 X 0 0 0 PATRICIA DAILEY 1.15 0 X 0 0 0 LORI DANIEL 1.15 0 X 0 0 0 LORNA DONATONE 1.15 0 X 0 0 0 FRANK J FAHRENKOPF JR 1.15 0 X 0 0 0 MICHAEL S KAUFMAN 1.15 0 X 0 0 0 THOMAS KELLER 1.15 0 X 0 0 0 TAKESHI KOHJIMA 1.15 0 X 0 0 0 JON LUTHER 1.15 0 X 0 0 0 ARTHUR MAXWELL 1.15 0 X 0 0 0 RICHARD MAZER 1.15 0 X 0 0 0 CHARLES MERINOFF II 1.15 0 X 0 0 0 ROBERT MUH 1.15 0 X 0 0 0 CHARLES PALMER 1.15 0 X 0 0 0 MELINDA R RICH 1.15 0 X 0 0 0 HAROLD O ROSSER 1.15 0 X 0 0 0 MARTIN P SUTTER 1.15 0 X 0 0 0 RICHARD SANDOVAL 1.15 0 X 0 0 0 JOSEPH H WENDER TERM BEGINS 10-2012 1.15 0 X 0 0 0 ROY YAMAGUCHI 1.15 0 X 0 0 0 ROBERT BRENNAN TERM ENDS 10-2012 1.15 0 X 0 0 0 RICHARD BRADLEY TERM ENDS 10-2012 1.15 0 X 0 0 0 JAMES DOHERTY TERM ENDS 10-2012 1.15 0 X 0 0 0 CAMERON MITCHELL TERM ENDS 10-2012 1.15 0 X 0 0 0 LAWRENCE T RYAN 37.5 0 X 837046 0 119475 MARK ERICKSON 37.5 0 X 421419 0 91138 BRUCE HILLENBRAND 37.5 0 X 376286 0 80183 RICHARD MIGNAULT 37.5 0 X 339374 0 78448 CHARLES A OMARA 37.5 0 X 333534 0 61482 VICTOR GIELISSE 37.5 0 X 239943 0 55000 GREGORY DRESCHER 37.5 0 X 239861 0 52240 CHARLES HENNING 37.5 0 X 206193 0 20353 GENEVIEVE S FELDER 37.5 0 X 314634 0 44241 DAVID KELLAWAY 37.5 0 X 203601 0 42335 SUSAN CUSSEN 37.5 0 X 197775 0 33987 KATHY MERGET 37.5 0 X 178579 0 47438 BRADLEE BARNES 37.5 0 X 162195 0 38939 4050440 0 765259 113 0 1 0 Pavarini Construction 585 West Putnam Avenue Greenwich CT 06830 Construction 4007039 Kirchoff Construction 199 West Road Pleasant Valley NY 12569 Construction 3828364 Sodexho 2555 Main Street St Helena CA 94574 Custodial Services 2415870 Noelker and Hull Associates 30 West King Street Chambersburg PA 17201 Architects 2215879 LCS Facility Group 381 Main Street Poughkeepsie NY 12601 Custodial Services 963044 16 0 0 550167 0 699601 8660220 1766148 9909988 TUITION , DORM & STUDENT FEES 611310 134998529 134998529 0 0 EDUCATIONAL SERVICES 611310 10861882 10861882 0 0 BOOKSTORE/ FOOD SALES 611710 4779836 0 0 4779836 PLACEMENT FEES/CAREER WEEKS 611310 108050 108050 0 0 0 0 0 0 150748297 621384 0 0 621384 0 0 0 0 1215657 0 0 1215657 48878 0 0 0 48878 0 48878 0 0 48878 3039474 2010 2590865 0 448609 2010 450619 0 0 450619 312764 550167 550328 -237564 0 -237564 CASH DISCOUNT ON PURCHASES 900099 4737 0 0 4737 ALUMNI INCOME 900099 15380 0 0 15380 477323 0 0 477323 497440 163254699 145968461 0 7376250 0 0 19635164 19635164 0 0 0 0 3480465 853699 2305892 320874 0 0 0 0 53230979 42528161 9598845 1103973 3253006 2614316 559442 79248 11654045 9298463 2167038 188544 3868871 3090039 700873 77959 0 0 0 0 520612 11524 508965 123 174900 0 174900 0 140653 0 0 140653 0 0 194484 0 194484 0 11491292 7999308 3389368 102616 1337694 284900 1034810 17984 3337314 2763499 548405 25410 1039485 89591 949894 0 0 0 0 0 4080111 3015785 1058036 6290 2244807 1507312 615588 121907 0 0 0 0 126135 94007 28080 4048 3889153 3517099 367162 4892 0 0 0 0 8000649 6494696 1409430 96523 743424 164425 578999 0 FOOD & BEVERAGE COSTS 10530760 10148753 373708 8299 STUDENT SUPPLIES 6168194 6168126 68 0 EQUIPMENT 1763043 1463371 294059 5613 NON FOOD COSTS OF GOODS SOLD 1302611 1182225 119667 719 1739344 695056 960727 83561 153947195 123619519 27938440 2389236 9962478 5632808 182111 68631 5349572 6641516 6252646 6720616 0 0 0 0 2094497 1905014 2398359 2330806 2243478 1715119 314354891 115393042 189271245 198961849 73222956 7618056 37983758 128598798 14513503 21639732 343474603 381832945 7133011 8469434 1682991 1678471 18413994 22957608 94572895 103381308 0 0 0 0 0 0 0 0 22040653 17069237 143843544 153556058 X 145312240 172462178 31168055 31631560 23150764 24183149 199631059 228276887 343474603 381832945 X 9307504 15783916 464664 0 0 3089744 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 140653 140653 0 SchC_P2B_S00_L01 Schedule C, Part II-B, Line 1 LOBBYING EXPENSES ARE FOR PAYMENTS MADE TO A FEDERAL GOVERNMENT RELATIONS FIRM AND A INDEPENDENT LOBBYING GROUP. WE PAY A $12,000 PER MONTH RETAINER PLUS REIMBURSEMENT FOR EXPENSES. 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 86567388 1873572 -21249091 1982821 0 0 65209048 0.59 0.2 0.21 0 0 0 7373865 7373865 0 231646612 61894073 169752539 0 0 0 0 0 63697190 53498969 10198221 0 11637224 0 11637224 198961849 0 0 MULTI STRATEGY FUNDS 119839356 F REAL ASSETS 3948573 F PRIVATE EQUITY 3222059 F LAND AND OTHER 1100000 C HEDGE FUNDS 488810 F 128598798 OTHER RECEIVABLES 2359790 DEPOSITS WITH BOND TRUSTEE 15638419 BOND ISSUANCE AND RELATED COSTS 3641523 21639732 0 CURRENT VALUE OF DERIVATIVE 10869146 ACCRUED LIABILITIES 6200091 17069237 X 164650432 15783916 464664 0 -15208688 1039892 163610540 194484 -550325 -355841 163254699 135996446 464664 0 0 863910 1328574 134667872 194484 19084839 19279323 153947195 SchD_P05_S00_L04 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 2012-2013. ENDOWMENT SPENDING IS PRIMARILY USED, TO FUND STUDENT SCHOLARSHIPS AND SOME OPERATING EXPENDITURES. SchD_P10_S00_L02 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 QUALIFIED 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. ASC 740, INCOME TAXES, PERMITS AN ENTITY TO RECOGNIZE THE BENEFIT AND REQUIRES ACCRUAL OF AN UNCERTAIN TAX PROVISION ONLY WHEN THE POSITION IS "MORE LIKELY THAN NOT" TO BE SUSTAINED IN THE EVENT OF EXAMINATION BY TAX AUTHORITIES. IN EVALUATING WHETHER A TAX POSITION HAS MET THE RECOGNITION THRESHOLD, THE INSTITTUTE MUST PRESUME THAT THE POSITION WILL BE EXAMINED BY THE APPROPRIATE TAXING AUTHORITY THAT HAS FULL KNOWLEDGE OF ALL REVELANT INFORMATION. ASC 740 ALSO PROVIDES GUIDANCE ON THE RECOGNITION, MEASUREMENT, AND CLASSIFICATION OF INCOME TAX UNCERTAINITIES, ALONG WITH ANY RELATED INTEREST OR PENALTIES.TAX POSITIONS DEEMED TO MEET THE "MORE LIKELY THAN NOT" THRESHOLD ARE RECORDED AS A TAX EXPENSE IN THE CURRENT YEAR. . THE INSTITUTE BELIEVES IT HAS TAKEN NO SIGNIFICANT UNCERTAIN TAX POSITIONS. SchD_P11_S00_L02d Schedule D, Part XI, Line 2d SCHOLARSHIPS AND GRANTS TO STUDENTS (-19,635,164)..APPRECIATION IN FAIR VALUE OF DERIVATIVE ( $3,870,349) WHICH IS OFFSET BY COSTS OF DEFEASEMENT OF BONDS ( $ -315,941) AND SINGAPORE AFFILIATE REVENUES ($872,068) SchD_P11_S00_L04b Schedule D, Part XI, Line 4b FUNDRAISING EXPENSES SchD_P12_S00_L02d Schedule D, Part XII, Line 2d DEDUCTING EXPENSES FOR OUR SINGAPORE AFFILIATE SchD_P12_S00_L04b Schedule D, Part XII, Line 4b FUNDRAISING EXPENSES ( $ -550,325) , NET OF SCHOLARSHIPS AND GRANTS TO STUDENTS ($ 19,635,164). 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SchE_P01_S00_L03 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. SchE_P01_S00_L06 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 1822107 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. 2517998 East Asia and the Pacific 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 CHINA. 438602 1 3 4778707 0 0 1 0 0 0 GALA EVENTS 721728 455928 265800 0 0 132617 2830 1394 145166 OTHER EVENTS 141203 94239 46964 0 0 12397 61150 500 194274 0 862931 550167 312764 0 0 145014 63980 1894 339440 550328 -237564 1 STUDENT SCHOLARSHIPS AND GRANTS. NUMBER OF RECIPIENTS IS ESTIMATED AS FOLLOWS; TOTAL NUMBER OF STUDENTS (2,321) X ESTIMATED PERCENTAGE OF STUDENTS WHO RECEIVE SCHOLARSHIPS AND GRANTS (90%). 2089 19635164 0 BASED ON TUITION COSTS SchI_P01_S00_L02 Schedule I, Part I, Line 2 WHEN DETERMINING THE DISTRIBUTION OF GRANTS AND LOANS TO STUDENTS, THE CULINARY INSTITUTE OF AMERICA COMPLIES WITH THE GUIDELINES 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 552750 0 150563 0 133734 0 80222 0 39252 0 956521 0 70273 0 MARK ERICKSON 338764 0 43567 0 39087 0 57786 0 33353 0 512557 0 32383 0 BRUCE HILLENBRAND 296475 0 38128 0 41683 0 52854 0 27329 0 456469 0 29671 0 RICHARD MIGNAULT 283912 0 36513 0 18949 0 51676 0 26772 0 417822 0 0 0 CHARLES A OMARA 251250 0 37719 0 44565 0 49035 0 12447 0 395016 0 33337 0 VICTOR GIELISSE 216418 0 23526 0 0 0 29662 0 25337 0 294943 0 0 0 GREGORY DRESCHER 216335 0 23526 0 0 0 26878 0 25362 0 292101 0 0 0 DAVID KELLAWAY 200593 0 3009 0 0 0 10946 0 31388 0 245936 0 0 0 SUSAN CUSSEN 180900 0 16875 0 0 0 16723 0 17264 0 231762 0 0 0 KATHY MERGET 177798 0 0 0 781 0 16690 0 30748 0 226017 0 0 0 BRADLEE BARNES 160572 0 1623 0 0 0 8544 0 30395 0 201134 0 0 0 GENEVIEVE S FELDER 147056 0 15000 0 152578 0 13616 0 30625 0 358875 0 0 0 CHARLES HENNING 178538 0 0 0 27655 0 6677 0 13676 0 226546 0 0 0 SchJ_P01_S00_L01a Schedule J, Part I, Line 1a THE PRESIDENT IS PROVIDED WITH RESIDENTIAL HOUSING ON CAMPUS, FOR THE CONVENIENCE OF THE COLLEGE. FOR PERSONAL SERVICES, A INDEPENDENT CONTRACTOR IS USED TO MAINTAIN AND CLEAN THE PRESIDENT'S RESIDENCE, WHICH IS INSTITUTE PROPERTY. ANY ITEMS THAT ARE FOR THE BENEFIT OF THE COLLEGE ARE NOT INCLUDED IN THE PRESIDENT'S WAGES, ITEMS WHICH ARE FOR THE BENEFIT OF THE PRESIDENT ARE INCLUDED IN HIS WAGES. SchJ_P01_S00_L03 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 0 0 9663022 412237 0 0 190945 271032 0 0 8788808 0 1998 0 1 1 1 B 0 0 33452066 935541 0 0 427136 1088859 0 31000520 0 0 2006 0 0 1 1 C 0 0 19000000 576398 0 0 219455 557205 0 17646942 0 0 2006 0 0 1 1 D 0 0 15125000 439385 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 0 0 0 0 0 0 1 B 1 1 1 TD BANKNORTH 30 0 0 0 0 1 C 1 1 1 TD BANKNORTH 30 0 0 0 0 1 D 1 1 1 TD BANKNORTH 30 0 0 0 0 1 A 1 B 1 C 1 D 1 SchK_P02_S00_L11 Schedule K, Part II, Line 11 SERIES 2004A BONDS, PROCEEDS TOTALING $ 8,788,808 WERE USED TO REFUND THE SERIES 97 BONDS.. SERIES 2008 BONDS, PROCEEDS TOTALING $11,776,083 WERE USED TO REFUND THE SERIES 2005 BONDS.. SERIES 2012 BONDS, PROCEEDS TOTALING $10,00,505 WERE USED TO REFUND THE SERIES 1999 BONDS.. 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 A 0 0 18200000 0 0 0 335748 82794 0 6005375 11776083 0 2009 1 0 1 1 B 0 0 24505780 1598066 0 0 321588 0 0 11985620 10600505 0 2014 1 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 A 1 1 1 TD BANKNORTH 30 1 1 0 0 1 B 1 0 0 0 0 1 A 1 B 1 X 540 1036967 COST X CAPITAL EQUIPMENT 41 729181 COST 0 0 1 0 F990_P06_S0B_L11b 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 FINANCE COMMITTEE OF THE BOARD OF TRUSTEES. AFTER THE FINANCE COMMITTEE COMPLETES ITS REVIEW, THE FORM 990 IS THEN PRESENTED TO THE BOARD OF TRUSTEES FOR APPROVAL. F990_P06_S0B_L12c 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. F990_P06_S0B_L15 Form 990, Part VI, Section B, Line 15 THE BOARD OF TRUSTEE HAS THE OVERALL RESPONSIBILITY FOR THE COMPENATION 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 OF THE BOARD OF TRUSTEES , WHICH IS FREE OF CONFLICT OF INTEREST, WILL ALSO RECEIVE APPROPRIATE PEER AND BENCHMARK DATA FROM THE HUMAN RESOURCES OFFICE. THE COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS WILL REVIEW THE PRESIDENT'S PERFORMANCE AND DISCUSS THEIR CONCLUSIONS ORALLY WITH THE PRESIDENT TO ENSURE THE ACCURATE AND FAIRNESS OF THE JUDGEMENTS. THE COMPENSATION COMMITTEE WILL THEN DISCUSS ITS CONCLUSIONS AND COMPENATION 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 BENCHMARK DATA. THIS ANALYSIS IS THEN USED AS A TOOL FOR DETERMINING SALARY CHANGES AND IS REVIEWED WITH THE COMEPNSATION COMMITTEE PRIOR TO IMPLEMENTATION. THE COMMITTEE CONTEMPORANOUSELY DOCUMENTS ITS DISCUSSIONS ON THE COMPENSATION ANALYSIS. THE COMPENSATION PROCEDURES MEET THE THREE REQUIREMENTS OF THE REBUTTABLE PRESUMPTION: (1) THE COMPENSATION ARRAINGEMENT IS APPROVED IN ADVANCE BY A COMMITTEE FREE OF CONFLICT OF INTERESTS; (2) THE COMMITTEE RELIED ON APPROPRIATE COMPARABLITY DATA; AND (3) THE COMMITTEE ADEQUATELY AND TIMELY DOCUMENTED THE BASIS FOR THE DECISION. F990_P06_S0C_L19 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.COM) . F990_P11_S00_L09 Form 990, Part XI, Line 9 APPRECIATION IN FAIR VALUE OF DERIVATIVE ( $3,870,349) & COSTS OF DEFEASEMENT OF BONDS ( $-315,941) . RENTAL EXPENSE RECORDED RELATED TO THE SAN ANTONIO GIK LEASE ( $-464,664). THE RENTAL EXPENSE EQUALS THE AMOUNT RECORDED AS REVENUE IN PARTXI, LINE 6 OF SCHEDULE D. THE RENTAL EXPENSEIS A NON-CASH ITEM. CIA SAN ANTONIO BEVERAGES LLC 312 PEARL PKWY SAN ANTONIO TX 78215 BEVERAGE CONCESSION MANAGEMENT SERVICES TX 339193 197003 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 0 1 1 0 0 0 THE CULINARY INSTITUTE OF AMERICA SINGAPORE LTD o 639527 ACTUAL COSTS FOR EMPLOYEES WAGES AND BENEFITS THE CULINARY INSTITUTE OF AMERICA SINGAPORE LTD n 224381 ACTUAL COSTS FOR OTHER RELATED EXPENSES APPROVED EXTENSIONS GRANTED FOR DELAYED FILING.