UNIVERSITY OF MOUNT SAINT VINCENT: Form 990, tax year 2012
View the entire original 990 at ProPublica ↗
- Organization
- UNIVERSITY OF MOUNT SAINT VINCENT (EIN 13-1740445)
- Tax period
- 2012-07-01 to 2013-06-30
- Filed
- 2014-04-24
- IRS object ID
- 201401149349300905
- Schema version
- 2012v2.3
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule C
- Schedule D
- Schedule E
- Schedule F
- Schedule G
- Schedule I
- Schedule J
- Schedule K
- Schedule M
- Schedule O
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2014-04-24T13:20:36-05:00 | Timestamp |
| Tax Period End Date | 2013-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | GRANT THORNTON LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 666 THIRD AVENUE | AddressLine1 |
| City | NEW YORK | City |
| State | NY | State |
| ZIP Code | 100174057 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2012-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 131740445 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | COLLEGE OF MT ST VINCENT | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| In Care Of Name | % BARBARA HURLEIGH CONTROLLER | InCareOfName |
| Name Control | COLL | NameControl |
| Phone | 7184053200 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 6301 RIVERDALE AVENUE | AddressLine1 |
| Address Line2 | Suite | AddressLine2 |
| City | RIVERDALE | City |
| State | NY | State |
| ZIP Code | 10471 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | ABED ELKESHK | Name |
| Title | TREASURER & CFO | Title |
| Phone | 7184053200 | Phone |
| Date Signed | 2014-04-22 | DateSigned |
| Authorize Third Party | true | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 2125990100 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2012 | TaxYear |
| Build TS | 2015-11-30 17:44:51Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | CHARLES FLYNN PRESIDENT | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 6301 RIVERDALE AVE | AddressLine1 |
| City | RIVERDALE | City |
| State | NY | State |
| ZIP Code | 10471 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 63191388 | GrossReceipts |
| Group Return For Affiliates | false | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | WWW.MOUNTSAINTVINCENT.EDU | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1847 | YearFormation |
| State Legal Domicile | NY | StateLegalDomicile |
| Activity Or Mission Description | FOUNDED BY THE SISTERS OF CHARITY OF NEW YORK, THE COLLEGE OF MOUNT SAINT VINCENT IS AN ACADEMICALLY EXCELLENT, AUTHENTICALLY INCLUSIVE, CATHOLIC AND ECUMENICAL LIBERAL ARTS COLLEGE. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 31 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 30 | NbrIndependentVotingMembers |
| Total Nbr Employees | 923 | TotalNbrEmployees |
| Total Nbr Volunteers | 0 | TotalNbrVolunteers |
| Total Gross UBI | 732 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | -518 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 4431946 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 2902718 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 53332011 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 56858091 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 17534 | InvestmentIncomePriorYear |
| Investment Income Current Year | 347719 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 970004 | OtherRevenuePriorYear |
| Other Revenue Current Year | 1966448 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 58751495 | TotalRevenuePriorYear |
| Total Revenue Current Year | 62074976 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 15209865 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 16946875 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 20399898 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 20357464 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 104532 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 1837048 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 19765481 | OtherExpensePriorYear |
| Other Expenses Current Year | 21627841 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 55479776 | TotalExpensesPriorYear |
| Total Expenses Current Year | 58932180 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 3271719 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 3142796 | RevenuesLessExpensesCY |
| Total Assets BOY | 74774505 | TotalAssetsBOY |
| Total Assets EOY | 81096608 | TotalAssetsEOY |
| Total Liabilities BOY | 30139510 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 32632282 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 44634995 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 48464326 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | FOUNDED BY THE SISTERS OF CHARITY OF NEW YORK, THE COLLEGE OF MOUNT SAINT VINCENT IS AN ACADEMICALLY EXCELLENT, AUTHENTICALLY INCLUSIVE, CATHOLIC AND ECUMENICAL LIBERAL ARTS COLLEGE. THE COLLEGE COMBINES A STRONG CORE CURRICULUM WITH A FULL ARRAY OF MAJORS IN THE LIBERAL ARTS AND, WITHIN THE TRADITION OF LIBERAL EDUCATION, SELECTED PROFESSIONAL FIELDS OF STUDY. AT MOUNT SAINT VINCENT, A STUDENT'S EDUCATION EXTENDS BEYOND KNOWLEDGE, SKILLS, AND PREPARATION FOR WORK. WE SEEK THE DEVELOPMENT OF THE WHOLE PERSON. IN THE SPIRIT OF VINCENT DE PAUL AND ELIZABETH ANN SETON, WE FOSTER AN UNDERSTANDING OF OUR COMMON HUMANITY, A COMMITMENT TO HUMAN DIGNITY, AND A FULL APPRECIATION OF OUR OBLIGATIONS TO EACH OTHER. THROUGH ITS SCHOOL OF PROFESSIONAL AND CONTINUING STUDIES, THE COLLEGE EXTENDS ITS PRIMARY UNDERGRADUATE MISSION BY OFFERING HIGH QUALITY GRADUATE STUDIES IN BUSINESS, EDUCATION AND NURSING AND AN ARRAY OF UNDERGRADUATE AND CERTIFICATE PROGRAMS SERVING NON-TRADITIONAL STUDENTS. | MissionDescription |
| Significant New Program Services | false | SignificantNewProgramServices |
| Significant Change | false | SignificantChange |
| Expense | 48894890 | Expense |
| Grants | 16946875 | Grants |
| Revenue | 56858091 | Revenue |
| Description | College of Mount Saint Vincent is a school of higher education formed in the Catholic tradition, but nonsectarian. We have a diverse student population both ethnically and economically. We offer 2 advanced degree certificates, 31 baccalaureate programs and 4 master's degrees. We award B.A. and B.S. degrees on the undergraduate level. In addition, we award M.S. and M.B.A. degrees on the graduate level. Our student body is composed of more than 1,800 full and part-time students. The College offers full-time students a residence program designed to enhance their engagement, learning, and citizenship. The College maintains five residence halls, each housing between 75 and 250 students and offering a variety of amenities, including study-lounges, kitchenettes, and laundry rooms. We have a second campus in Manhattan which is used for a nursing degree program and Foreign Teacher Training Program with residential capacity of 28 students. | Description |
| Total Program Service Expense | 48894890 | TotalProgramServiceExpense |
| Described In501 C3 | true | DescribedIn501C3 |
| Schedule B Required | true | ScheduleBRequired |
| Political Activities | false | PoliticalActivities |
| Lobbying Activities | true | LobbyingActivities |
| Subject To Proxy Tax | false | SubjectToProxyTax |
| Donor Advised Funds | false | DonorAdvisedFunds |
| Conservation Easements | false | ConservationEasements |
| Collections Of Art | true | CollectionsOfArt |
| Credit Counseling | true | CreditCounseling |
| Term Or Permanent Endowments | true | TermOrPermanentEndowments |
| Report Land Bldg Equip | true | ReportLandBldgEquip |
| Report Invest Oth Securities | false | ReportInvestOthSecurities |
| Report Prog Rel Invest | false | ReportProgRelInvest |
| Report Other Assets | true | ReportOtherAssets |
| Report Other Liabilities | true | ReportOtherLiabilities |
| Report Fin48 Footnote | true | ReportFin48Footnote |
| Independent Audit Financial Stmt | true | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | false | ConsolidatedAuditFinancialStmt |
| School | true | School |
| Foreign Office | false | ForeignOffice |
| Foreign Activities | true | ForeignActivities |
| More Than5000 K To Organizations | false | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividuals |
| Professional Fundraising | false | ProfessionalFundraising |
| Fundraising Activities | true | FundraisingActivities |
| Gaming | false | Gaming |
| Hospital | false | Hospital |
| Grants To Organizations | false | GrantsToOrganizations |
| Grants To Individuals | true | GrantsToIndividuals |
| Schedule J Required | true | ScheduleJRequired |
| Tax Exempt Bonds | true | TaxExemptBonds |
| Invest Tax Exempt Bonds | false | InvestTaxExemptBonds |
| Escrow Account | false | EscrowAccount |
| On Behalf Of Issuer | false | OnBehalfOfIssuer |
| Excess Benefit Transaction | false | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | false | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | false | LoanToOfficerOrDQP |
| Grant To Related Person | false | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | false | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | false | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | false | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | true | DeductibleNonCashContributions |
| Deductible Contributions Of Art | false | DeductibleContributionsOfArt |
| Terminated | false | Terminated |
| Partial Liquidation | false | PartialLiquidation |
| Disregarded Entity | false | DisregardedEntity |
| Related Entity | false | RelatedEntity |
| Related Org Controlled Entity | false | RelatedOrgControlledEntity |
| Transfers To Exempt Non Chrtbl Org | false | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | false | ActivitiesConductedPartnership |
| Schedule O Required | true | ScheduleORequired |
| Number Forms Transmitted With1096 | 2911 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | true | ComplianceWithBackupWitholding |
| Number Of Employees | 923 | NumberOfEmployees |
| Employment Tax Returns Filed | true | EmploymentTaxReturnsFiled |
| Unrelated Business Income | false | UnrelatedBusinessIncome |
| Foreign Financial Account | false | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTrans |
| Taxable Party Notification | false | TaxablePartyNotification |
| Non Deductible Contributions | false | NonDeductibleContributions |
| Quid Pro Quo Contributions | true | QuidProQuoContributions |
| Quid Pro Quo Disclosure | true | QuidProQuoDisclosure |
| Form8282 Property Disposed Of | false | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | false | FundsToPayPremiums |
| Premiums Paid | false | PremiumsPaid |
| Indoor Tanning Services | false | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 31 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 30 | NumberIndependentVotingMembers |
| Family Or Business Relationship | false | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | false | DelegationOfManagementDuties |
| Changes To Organizing Docs | false | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuse |
| Members Or Stockholders | false | MembersOrStockholders |
| Election Of Board Members | false | ElectionOfBoardMembers |
| Decisions Subject To Approval | false | DecisionsSubjectToApproval |
| Minutes Of Governing Body | true | MinutesOfGoverningBody |
| Minutes Of Committees | true | MinutesOfCommittees |
| Officer Mailing Address | false | OfficerMailingAddress |
| Local Chapters | false | LocalChapters |
| Form990 Provided To Governing Body | false | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | true | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | true | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | true | RegularMonitoringEnforcement |
| Whistleblower Policy | true | WhistleblowerPolicy |
| Document Retention Policy | true | DocumentRetentionPolicy |
| Compensation Process CEO | true | CompensationProcessCEO |
| Compensation Process Other | true | CompensationProcessOther |
| Investment In Joint Venture | false | InvestmentInJointVenture |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | BARBARA HURLEIGH CONTROLLER | NamePerson |
| Telephone Number | 7184053200 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 6301 RIVERDALE AVE | AddressLine1 |
| City | Riverdale | City |
| State | NY | State |
| ZIP Code | 10471 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (38 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | OfficerOfficer | Key EmployeeKeyEmployee | Highest Compensated EmployeeHighestCompensatedEmployee |
|---|---|---|---|---|---|---|---|---|
| SISTER MARGARET DENNEHY | ||||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | |||
| EDMUND C DUFFY | ||||||||
| TRUSTEE | 1.0 | X | 0 | 0 | ||||
| sister ROSE FREDERICK | ||||||||
| TRUSTEE | 1.0 | X | 0 | 0 | ||||
| STEVEN HAYES | ||||||||
| TRUSTEE | 1.0 | X | 0 | 0 | ||||
| MAUREEN A HENEGAN | ||||||||
| TRUSTEE | 1.0 | X | 0 | 0 | ||||
| MARY BETH MALONE | ||||||||
| TRUSTEE | 1.0 | X | 0 | 0 | ||||
| DERYCK A PALMER | ||||||||
| TRUSTEE | 1.0 | X | 0 | 0 | ||||
| JOAN M SQUIRES | ||||||||
| TRUSTEE | 1.0 | X | 0 | 0 | ||||
| JOAN D WALSH | ||||||||
| TRUSTEE | 1.0 | X | 0 | 0 | ||||
| Stephen A Manzi | ||||||||
| TRUSTEE | 1.0 | X | 0 | 0 | ||||
| Rosemary T Berkery | ||||||||
| TRUSTEE | 1.0 | X | 0 | 0 | ||||
| James J Campbell | ||||||||
| TRUSTEE | 1.0 | X | 0 | 0 | ||||
| Vita A Cassese | ||||||||
| TRUSTEE | 1.0 | X | 0 | 0 | ||||
| Gail Vance Civille | ||||||||
| TRUSTEE | 1.0 | X | 0 | 0 | ||||
| Noreen M Culhane | ||||||||
| Chair | 1.0 | X | 0 | 0 | X | |||
| Charles L Flynn Jr | ||||||||
| President | 40.0 | X | 323490 | 52602 | X | |||
| Paula Marie Buley IHM | ||||||||
| TRUSTEE | 1.0 | X | 0 | 0 | ||||
| Cristobal Conde | ||||||||
| TRUSTEE | 1.0 | X | 0 | 0 | ||||
| Maria L Ellis | ||||||||
| TRUSTEE | 1.0 | X | 0 | 0 | ||||
| Sister Jane Iannucelli | ||||||||
| Vice Chair | 1.0 | X | 0 | 0 | X | |||
| Kevin M Kearney | ||||||||
| TRUSTEE | 1.0 | X | 0 | 0 | ||||
| Cathy-Ann martine Dolecki | ||||||||
| TRUSTEE | 1.0 | X | 0 | 0 | ||||
| Valerie mastronardi | ||||||||
| TRUSTEE | 1.0 | X | 0 | 0 | ||||
| Paul W Mourning | ||||||||
| SECRETARY | 1.0 | X | 0 | 0 | X | |||
| Raul Rivera | ||||||||
| TRUSTEE | 1.0 | X | 0 | 0 | ||||
| Susan Whitney | ||||||||
| TRUSTEE | 1.0 | X | 0 | 0 | ||||
| Vaughn C Williams | ||||||||
| TRUSTEE | 1.0 | X | 0 | 0 | ||||
| STEFANO ACUNTO | ||||||||
| TRUSTEE | 1.0 | X | 0 | 0 | ||||
| WILLIAM J FISHLINGER | ||||||||
| TRUSTEE | 1.0 | X | 0 | 0 | ||||
| SISTER ELIZABETH VERMAELEN | ||||||||
| TRUSTEE | 1.0 | X | 0 | 0 | ||||
| KRISTIN TRAHAN WINFORD | ||||||||
| TRUSTEE | 1.0 | X | 0 | 0 | ||||
| Abed Elkeshk | ||||||||
| EVP, Treasurer & CFO | 40.0 | 206523 | 28168 | X | ||||
| Guy Lometti | ||||||||
| Provost | 40.0 | 202520 | 15481 | X | ||||
| Dianna Dale | ||||||||
| VP/Stud Affairs & Dean of Stud | 40.0 | 134792 | 10003 | X | ||||
| Madeleine Melkonian | ||||||||
| SVP/Instit Adv & College Rel | 40.0 | 159952 | 56185 | X | ||||
| Tim Nash | ||||||||
| vp dean of admissons & fin aid | 40.0 | 134042 | 10003 | X | ||||
| Adam Wichern | ||||||||
| vp for IT/cio | 40.0 | 124992 | 26416 | X | ||||
| Edward Meyer | ||||||||
| Dean of Prof & Cont studies | 40.0 | 121638 | 21674 | X | ||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 1407949 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 220532 | TotalOtherCompensation |
| Number Individuals GT100 K | 12 | NumberIndividualsGT100K |
| Formers Listed | false | FormersListed |
| Total Comp GT150 K | true | TotalCompGT150K |
| Compensation From Other Sources | false | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (5 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| UGL UNICCO | |||||
| 4002 SOLUTIONS CENTER | CHICAGO | IL | 60677 | PLANT MAINTENANCE | 3469765 |
| DHI Construction Services Inc | |||||
| 34-47 57th Street | WOODSIDE | NY | 11377 | construction svcs | 3468425 |
| CONSERV CONSTRUCTION INC | |||||
| 260 OLD ROUTE 17 PO BOX 855 | HILLBURN | NY | 10931 | CONSTRUCTION SVCS | 2831886 |
| Chartwells Compass Group | |||||
| c/o Compass Group | CHICAGO | IL | 606931337 | DINING SERVICES | 2425339 |
| Environetics Group Architects | |||||
| 180 Sylvan Avenue | ENGLEWOOD CLIFFS | NJ | 07632 | CONSTRUCTION | 314385 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 17 | NumberOfContractorsGT100K |
| Fundraising Events | 365141 | FundraisingEvents |
| Government Grants | 1015672 | GovernmentGrants |
| All Other Contributions | 1521905 | AllOtherContributions |
| Noncash Contributions | 48525 | NoncashContributions |
| Total Contributions | 2902718 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (2 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| TUITION & FEES | 900099 | 47949139 | 47949139 |
| ROOM & BOARD | 900099 | 8908952 | 8908952 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 56858091 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 217207 | TotalRevenueColumn |
| Unrelated Business Revenue | 732 | UnrelatedBusinessRevenue |
| Exclusion | $216,475 | ExclusionAmount |
Income From Invest Bond Proceeds IncomeFromInvestBondProceeds
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Royalties Revenue RoyaltiesRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Gross Rents GrossRents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 228458 | Real |
Rental Income Or Loss RentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 228458 | Real |
| Personal | 0 | Personal |
Net Rental Income Or Loss NetRentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 228458 | TotalRevenueColumn |
| Exclusion | $228,458 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 1105824 | Securities |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 975312 | Securities |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 130512 | Securities |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 130512 | TotalRevenueColumn |
| Exclusion | $130,512 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Income Fundraising Events | 74475 | GrossIncomeFundraisingEvents |
| Cntrbtns Rprtd Fundraising Events | 365141 | CntrbtnsRprtdFundraisingEvents |
| Fundraising Direct Expenses | 141100 | FundraisingDirectExpenses |
Net Income From Fundraising Events NetIncomeFromFundraisingEvents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -66625 | TotalRevenueColumn |
| Exclusion | -$66,625 | ExclusionAmount |
Net Income From Gaming NetIncomeFromGaming
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | 99791 | GrossSalesOfInventory |
Net Income Or Loss NetIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 99791 | TotalRevenueColumn |
| Exclusion | $99,791 | ExclusionAmount |
Other Revenue Misc OtherRevenueMisc (3 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | ExclusionExclusionAmount |
|---|---|---|---|
| MISCELLANEOUS ACCOUNT TRANSFERS | 900099 | 1355738 | $1,355,738 |
| ALUMNI EVENTS | 900099 | 54945 | $54,945 |
| REBATE INCOME | 900099 | 11083 | $11,083 |
Miscellaneous Revenue MiscellaneousRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 283058 | TotalRevenueColumn |
| Exclusion | $283,058 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 1704824 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 62074976 | TotalRevenueColumn |
| Related Or Exempt Function Income | 56858091 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 732 | UnrelatedBusinessRevenue |
| Exclusion | $2,313,435 | ExclusionAmount |
Grants To Domestic Orgs GrantsToDomesticOrgs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 16946875 | Total |
| Program Services | 16946875 | ProgramServices |
Foreign Grants ForeignGrants
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Benefits To Members BenefitsToMembers
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 838719 | Total |
| Program Services | 221680 | ProgramServices |
| Management And General | 617039 | ManagementAndGeneral |
Comp Disqual Persons CompDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 15225429 | Total |
| Program Services | 11753047 | ProgramServices |
| Management And General | 2531144 | ManagementAndGeneral |
| Fundraising | 941238 | Fundraising |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 827880 | Total |
| Program Services | 635878 | ProgramServices |
| Management And General | 139094 | ManagementAndGeneral |
| Fundraising | 52908 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2264396 | Total |
| Program Services | 1681192 | ProgramServices |
| Management And General | 452852 | ManagementAndGeneral |
| Fundraising | 130352 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1201040 | Total |
| Program Services | 872868 | ProgramServices |
| Management And General | 257299 | ManagementAndGeneral |
| Fundraising | 70873 | Fundraising |
Fees For Services Management FeesForServicesManagement
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 106160 | Total |
| Program Services | 42 | ProgramServices |
| Management And General | 106118 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 180768 | Total |
| Management And General | 180768 | ManagementAndGeneral |
Fees For Services Lobbying FeesForServicesLobbying
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 63476 | Total |
| Management And General | 63476 | ManagementAndGeneral |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 885234 | Total |
| Program Services | 313723 | ProgramServices |
| Management And General | 455681 | ManagementAndGeneral |
| Fundraising | 115830 | Fundraising |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 173259 | Total |
| Program Services | 565 | ProgramServices |
| Management And General | 172467 | ManagementAndGeneral |
| Fundraising | 227 | Fundraising |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1064635 | Total |
| Program Services | 598473 | ProgramServices |
| Management And General | 240006 | ManagementAndGeneral |
| Fundraising | 226156 | Fundraising |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 828418 | Total |
| Program Services | 124951 | ProgramServices |
| Management And General | 703467 | ManagementAndGeneral |
Royalties Royalties
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3115769 | Total |
| Program Services | 132920 | ProgramServices |
| Management And General | 2982849 | ManagementAndGeneral |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 310924 | Total |
| Program Services | 267190 | ProgramServices |
| Management And General | 27058 | ManagementAndGeneral |
| Fundraising | 16676 | Fundraising |
Travel Entrtnmnt Public Officials TravelEntrtnmntPublicOfficials
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 122639 | Total |
| Program Services | 93124 | ProgramServices |
| Management And General | 23058 | ManagementAndGeneral |
| Fundraising | 6457 | Fundraising |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 17471 | Total |
| Management And General | 17471 | ManagementAndGeneral |
Payments To Affiliates PaymentsToAffiliates
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3737655 | Total |
| Management And General | 3737655 | ManagementAndGeneral |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 543030 | Total |
| Management And General | 543030 | ManagementAndGeneral |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral | FundraisingFundraising |
|---|---|---|---|---|
| CONTRACTUAL SERVICES | 4180512 | 520977 | 3650060 | 9475 |
| FOOD SERVICE | 2701837 | 2623718 | 16757 | 61362 |
| BAD DEBT EXPENSE | 1266214 | 1165196 | 101018 | |
| ALLOCATED INDIRECT EXPENSES | 9334318 | -9516751 | 182433 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2329840 | Total |
| Program Services | 1608153 | ProgramServices |
| Management And General | 698626 | ManagementAndGeneral |
| Fundraising | 23061 | Fundraising |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 58932180 | Total |
| Program Services | 48894890 | ProgramServices |
| Management And General | 8200242 | ManagementAndGeneral |
| Fundraising | 1837048 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5154989 | BOY |
| EOY | 4074790 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1787143 | BOY |
| EOY | 1067435 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 639120 | BOY |
| EOY | 1574435 | EOY |
Receivables From Officers Etc ReceivablesFromOfficersEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Receivables From Disqual Persons ReceivablesFromDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 751281 | BOY |
| EOY | 758893 | EOY |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 12562 | BOY |
| EOY | 12975 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 233650 | BOY |
| EOY | 138352 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 97814681 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 38974044 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 53225346 | BOY |
| EOY | 58840637 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5348906 | BOY |
| EOY | 6387355 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3125918 | BOY |
| EOY | 3407363 | EOY |
Investments Program Related InvestmentsProgramRelated
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Intangible Assets IntangibleAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4495590 | BOY |
| EOY | 4834373 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 74774505 | BOY |
| EOY | 81096608 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3759039 | BOY |
| EOY | 3044457 | EOY |
Grants Payable GrantsPayable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1191045 | BOY |
| EOY | 1238305 | EOY |
Tax Exempt Bond Liabilities TaxExemptBondLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 19790000 | BOY |
| EOY | 19300000 | EOY |
Escrow Account Liability EscrowAccountLiability
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2535431 | BOY |
| EOY | 4819352 | EOY |
Loans From Officers Directors LoansFromOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 800936 | BOY |
| EOY | 2270535 | EOY |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2063059 | BOY |
| EOY | 1959633 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 30139510 | BOY |
| EOY | 32632282 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 32480359 | BOY |
| EOY | 37673820 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5596412 | BOY |
| EOY | 4092848 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 6558224 | BOY |
| EOY | 6697658 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 44634995 | BOY |
| EOY | 48464326 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 74774505 | BOY |
| EOY | 81096608 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 3142796 | ReconcilationRevenueExpenses |
| Reconciliation Unrealized Invest | 686535 | ReconciliationUnrealizedInvest |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | false | AccountantCompileOrReview |
| FS Audited | true | FSAudited |
FS Audited Basis FSAuditedBasis
| Field | Value | IRS element (for citing) |
|---|---|---|
| Financial Statement Separate | X | FinancialStatementSeparate |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | true | AuditCommittee |
| Federal Grant Audit Required | true | FederalGrantAuditRequired |
| Federal Grant Audit Performed | true | FederalGrantAuditPerformed |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School170b1 Aii | X | School170b1Aii |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule C IRS990ScheduleC
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grassroots Lobbying | TotalGrassrootsLobbying | |
| Total Direct Lobbying | TotalDirectLobbying | |
| Total Lobbying Expenditures | TotalLobbyingExpenditures | |
| Other Exempt Purpose Expenditures | OtherExemptPurposeExpenditures | |
| Total Exempt Purpose Expenditures | TotalExemptPurposeExpenditures | |
| Lobbying Nontaxable | LobbyingNontaxableAmount | |
| Grassroots Nontaxable | GrassrootsNontaxableAmount | |
| Tot Lobbying Grassroot Minus Non Tx | TotLobbyingGrassrootMinusNonTx | |
| Tot Lobby Expend Mns Lobbying Nontx | TotLobbyExpendMnsLobbyingNontx | |
| Volunteers | false | Volunteers |
| Paid Staff Or Management | false | PaidStaffOrManagement |
| Media Advertisements | false | MediaAdvertisements |
| Mailings Members | false | MailingsMembers |
| Publications Or Broadcast | false | PublicationsOrBroadcast |
| Grants Other Organizations | false | GrantsOtherOrganizations |
| Direct Contact Legislators | false | DirectContactLegislators |
| Rallies Demonstrations | false | RalliesDemonstrations |
| Other Activities | true | OtherActivities |
| Other Activities | $258 | OtherActivitiesAmount |
| Total Lobbying Expenditures IIB | 258 | TotalLobbyingExpendituresIIB |
| Not Described In501c3 | false | NotDescribedIn501c3 |
Form990 Schedule C Part IV Form990ScheduleCPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Lobbying Expense | Identifier |
| Return Reference | Schedule C, Part II-B | ReturnReference |
| Explanation | The College is a member of the national association of independent colleges and universities (NAICU) that promotes the needs of higher education as well as provides information to the industry. the association allocates a portion of the annual dues to lobbying efforts. For the year ending June 30, 2013, the portion of the College's membership dues that was deemed to be lobbying activity is $258. This represents the only lobbying expenses made by the College. | Explanation |
Schedule D IRS990ScheduleD
Art Public Exhibition Amts ArtPublicExhibitionAmts
| Field | Value | IRS element (for citing) |
|---|---|---|
| Assets In Part X | 43405 | AssetsInPartX |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Held Works Of Art Amts | HeldWorksOfArtAmts | |
| Collect Used For Public Exhibition | X | CollectUsedForPublicExhibition |
| Agent Trustee Etc | false | AgentTrusteeEtc |
| Included On FS | true | IncludedOnFS |
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 8639273 | BeginningOfYearBalance |
| Contributions | 623789 | Contributions |
| Investment Earnings Or Losses | 1034768 | InvestmentEarningsOrLosses |
| Other Expenditures | 356401 | OtherExpenditures |
| End Of Year Balance | 9941429 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 8376666 | BeginningOfYearBalance |
| Contributions | 538875 | Contributions |
| Investment Earnings Or Losses | -218334 | InvestmentEarningsOrLosses |
| Other Expenditures | 57934 | OtherExpenditures |
| End Of Year Balance | 8639273 | EndOfYearBalance |
Current Year Minus2 Years CurrentYearMinus2Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 6790426 | BeginningOfYearBalance |
| Contributions | 711047 | Contributions |
| Investment Earnings Or Losses | 1104853 | InvestmentEarningsOrLosses |
| Other Expenditures | 229660 | OtherExpenditures |
| End Of Year Balance | 8376666 | EndOfYearBalance |
Current Year Minus3 Years CurrentYearMinus3Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 6545598 | BeginningOfYearBalance |
| Contributions | 179107 | Contributions |
| Investment Earnings Or Losses | 168770 | InvestmentEarningsOrLosses |
| Other Expenditures | 103049 | OtherExpenditures |
| End Of Year Balance | 6790426 | EndOfYearBalance |
Current Year Minus4 Years CurrentYearMinus4Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 6301161 | BeginningOfYearBalance |
| Contributions | 244437 | Contributions |
| Investment Earnings Or Losses | 108858 | InvestmentEarningsOrLosses |
| Other Expenditures | 43876 | OtherExpenditures |
| Administrative Expenses | 64982 | AdministrativeExpenses |
| End Of Year Balance | 6545598 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated EOY Balance | 0.21257 | BoardDesignatedEOYBalance |
| Permanent Endowment EOY Balance | 0.65986 | PermanentEndowmentEOYBalance |
| Term Endowment EOY Balance | 0.12757 | TermEndowmentEOYBalance |
| Endowments Held By Unrelated Orgs | false | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | false | EndowmentsHeldByRelatedOrgs |
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 1994835 | OtherCostOrOtherBasis |
| Book Value | 1994835 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 72581400 | OtherCostOrOtherBasis |
| Depreciation | 24161219 | Depreciation |
| Book Value | 48420181 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Leasehold Improvements | LeaseholdImprovements |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 13993884 | OtherCostOrOtherBasis |
| Depreciation | 10617472 | Depreciation |
| Book Value | 3376412 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 9244562 | OtherCostOrOtherBasis |
| Depreciation | 4195353 | Depreciation |
| Book Value | 5049209 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 58840637 | TotalOfBookValueLandBuildings |
Other Assets OtherAssets (7 entries)
| DescriptionDescription | Book ValueBookValue |
|---|---|
| DEFERRED FINANCING COSTS | 1874877 |
| DEPOSITS HELD BY BOND TRUSTEE | 1546109 |
| SECURITY DEPOSIT | 39637 |
| FEDERAL FUNDS RECEIVABLE | 446428 |
| OTHER ACCOUNTS RECEIVABLE | 166908 |
| MISCELLANEOUS RECEIVABLES | 66253 |
| OTHER | 694161 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | 4834373 | TotalBookValueOtherAssets |
| Federal Income Tax Liability | 0 | FederalIncomeTaxLiability |
Other Liabilities OtherLiabilities (2 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| U.S. GOV'T GRANTS REFUNDABLE | $691,233 |
| CONDITIONAL ASSET RETIREMENT | $1,268,400 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 1959633 | TotalOfAmounts |
| Footnote In Part XIII | X | FootnoteInPartXIII |
| Tot Revenue Etc Audited Fincl Stmt | 46095872 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | 686535 | NetUnrealizedGainsInvestments |
| Donated Srvc And Use Of Facilities | 203612 | DonatedSrvcAndUseOfFacilities |
| Other Revenues | -16946875 | OtherRevenues |
| Revenue Not Rptd F990 | -16056728 | RevenueNotRptdF990 |
| Revenue Subtotal | 62152600 | RevenueSubtotal |
| Investment Expenses Not Included | 63476 | InvestmentExpensesNotIncluded |
| Other Revenues Not Included | -141100 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | -77624 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 62074976 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 42266541 | TotExpensesEtcAuditedFinclStmt |
| Donated Services Use Of Facilities | 203612 | DonatedServicesUseOfFacilities |
| Other Expenses Included | 141100 | OtherExpensesIncluded |
| Expenses Not Rptd F990 | 344712 | ExpensesNotRptdF990 |
| Expenses Subtotal | 41921829 | ExpensesSubtotal |
| Investment Expenses Not Included2 | 63476 | InvestmentExpensesNotIncluded2 |
| Other Expenses Not Included | 16946875 | OtherExpensesNotIncluded |
| Expenses Not Rptd On Fin Stmt | 17010351 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 58932180 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIII Form990ScheduleDPartXIII (6 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| TRUST, ESCROW AND CUSTODIAL ARRANGEMENTS | FORM 990, SCHEDULE D, PART IV, LINE 2 | The College holds custodial accounts on behalf of its matriculating students. These funds are ultimately used to finance student activities, dining facilities, clubs and other programs. This account is reported on the College's financial statements and is reported on Part X, Line 21. |
| ENDOWMENT FUNDS | FORM 990, SCHEDULE D, PART V, LINE 4 | THE COLLEGE'S ENDOWMENT FUND IS INTENDED TO SUPPORT THE COLLEGE'S EDUCATIONAL MISSION THROUGH SCHOLARSHIPS AND EDUCATIONAL PROGRAMS. |
| Reconciliation of Revenue | FORM 990, SCHEDULE D, PART XII | Line 2d - SCHOLARSHIP EXPENSE $(16,946,875) Line 4B - SPECIAL EVENTS EXPENSE $ (141,100) |
| Reconciliation of Expenses | FORM 990, SCHEDULE D, PART XIII | Line 2d - Special events expense $ (141,100) Line 4B - SCHOLARSHIP EXPENSE $16,946,875 |
| Collections of Art | Schedule D, Part III, Line 4 | The College maintains various pieces of art for display throughout the campus; this artwork enhances student and faculty appreciation of fine art while simultaneously improving the aesthetics of the College campus. |
| FIN 48 | On July 1, 2009, the college adopted the provisions of FASB Interpretation No. 48 ("FIN 48") Accounting for Uncertainties in Income Taxes - an interpretation of FASB Statement No. 109, now incorporated in Accounting Standards Codification ("ASC") 740. ASC 740-10 clarifies the accounting for uncertainty in tax positions taken or expected to be taken in a tax return, including issues relating to financial statements recognition and measurement. This section provides that the tax effects from an uncertain tax position can be recognized in the financial statements only if the position is "more-likely-than-not" to be sustained if the position were to be challenged by a taxing authority. The assessment of the tax position is based solely on the technical merits of the position, without regard to the likelihood that the tax position may be challenged. The College is exempt from federal income taxation by virtue of being an organization described in Section 501(c)(3) of the Internal Revenue Code. Nevertheless, the College may be subject to tax on income unrelated to its exempt purpose, unless that income is otherwise excluded by the Code. The tax years ending June 30, 2010, 2011, 2012 and 2013 are still open to audit for both federal and state purposes. The adoption of ASC 740-10 did not have a material impact on the College's financial statements, as management determined that there are no material uncertain tax positions within its financial statements. |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | true | NondiscriminatoryPolicyStmt |
| Policy Statement In Brochures Etc | true | PolicyStatementInBrochuresEtc |
| Policy Publ Via Broadcast Media | true | PolicyPublViaBroadcastMedia |
| Maint Racial Composition Records | true | MaintRacialCompositionRecords |
| Maint Scholarships Records | true | MaintScholarshipsRecords |
| Maint Copies Of Brochures Etc | true | MaintCopiesOfBrochuresEtc |
| Maint Copies Of All Solicitations | true | MaintCopiesOfAllSolicitations |
| Discriminate Race Students Rights | false | DiscriminateRaceStudentsRights |
| Discriminate Race Admiss Policies | false | DiscriminateRaceAdmissPolicies |
| Discriminate Race Emplmn Faculty | false | DiscriminateRaceEmplmnFaculty |
| Discriminate Race Scholarships | false | DiscriminateRaceScholarships |
| Discriminate Race Educ Policies | false | DiscriminateRaceEducPolicies |
| Discriminate Race Use Of Fclts | false | DiscriminateRaceUseOfFclts |
| Discriminate Race Athletic Prog | false | DiscriminateRaceAthleticProg |
| Discriminate Race Other Acty | false | DiscriminateRaceOtherActy |
| Government Financial Aid Received | true | GovernmentFinancialAidReceived |
| Government Financial Aid Revoked | false | GovernmentFinancialAidRevoked |
| Compliance With Rev Proc7550 | true | ComplianceWithRevProc7550 |
Form990 Schedule E Part II Form990ScheduleEPartII (2 entries)
| IdentifierIdentifier | ExplanationExplanation |
|---|---|
| Part I, Line 3 | The College's non-discriminatory policy is disclosed in all publications, printed and distributed by the college, as well as on its website. |
| Part I, Line 6A | The College accepts both federal and state governmental funding for the purposes of providing financial aid to students matriculating at the College. |
Schedule F IRS990ScheduleF
Accts Actvs Out US Table AcctsActvsOutUSTable
| Field | Value | IRS element (for citing) |
|---|---|---|
| Region | Central America and the Caribbean | Region |
| Number Of Offices | 0 | NumberOfOffices |
| Number Of Employees | 0 | NumberOfEmployees |
| Type Of Activities Conducted | Investments | TypeOfActivitiesConducted |
| Total Expenditures | 3123940 | TotalExpenditures |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Number Of Offices | 0 | SubtotalNumberOfOffices |
| Subtotal Number Of Employees | 0 | SubtotalNumberOfEmployees |
| Total Number Of Offices | 0 | TotalNumberOfOffices |
| Total Number Of Employees | 0 | TotalNumberOfEmployees |
| Subtotal Amount Spent | 3123940 | SubtotalAmountSpent |
| Total Amount Spent | 3123940 | TotalAmountSpent |
| Transfer To Foreign Corp | true | TransferToForeignCorp |
| Interest In Foreign Trust | false | InterestInForeignTrust |
| Own Foreign Corp | false | OwnForeignCorp |
| Passive Foreign Invest Co | false | PassiveForeignInvestCo |
| Foreign Partnership | true | ForeignPartnership |
| Boycott Countries | false | BoycottCountries |
Form990 Schedule F Part V Form990ScheduleFPartV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Form 990, Schedule F, Part IV, Lines 1 & 5 | Identifier |
| Explanation | The College of Mt. St. Vincent invests in domestic and foreign limited partnerships that may own an interest in a foreign corporation or foreign partnership. Nevertheless, the College's investment activities may not reach the thresholds required for filing the Forms 926 or 8865. | Explanation |
Schedule G IRS990ScheduleG
Events Information EventsInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Event1 | tribute dinner | NameOfEvent1 |
| Gross Receipts Event1 | 439616 | GrossReceiptsEvent1 |
| Charitable Contributions Event1 | 365141 | CharitableContributionsEvent1 |
| Gross Revenue Event1 | 74475 | GrossRevenueEvent1 |
| Rent Facility Costs Event1 | 40000 | RentFacilityCostsEvent1 |
| Food And Beverage Event1 | 45102 | FoodAndBeverageEvent1 |
| Entertainment Event1 | 5400 | EntertainmentEvent1 |
| Other Direct Expenses Event1 | 50598 | OtherDirectExpensesEvent1 |
| Total Number Of Other Events | 0 | TotalNumberOfOtherEvents |
| Gross Receipts Total | 439616 | GrossReceiptsTotal |
| Charitable Contributions Total | 365141 | CharitableContributionsTotal |
| Gross Revenue Total Events | 74475 | GrossRevenueTotalEvents |
| Rent Facility Costs Total Events | 40000 | RentFacilityCostsTotalEvents |
| Food And Beverage Total Events | 45102 | FoodAndBeverageTotalEvents |
| Entertainment Total Events | 5400 | EntertainmentTotalEvents |
| Other Direct Expenses Total Events | 50598 | OtherDirectExpensesTotalEvents |
| Direct Expense Summary Events | 141100 | DirectExpenseSummaryEvents |
| Net Income Summary | -66625 | NetIncomeSummary |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | true | RecordsMaintained |
Form990 Schedule I Part III Form990ScheduleIPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Type Of Grant | SCHOLARSHIPS | TypeOfGrant |
| Number Of Recipients | 1428 | NumberOfRecipients |
| Amount Of Cash Grant | 16946875 | AmountOfCashGrant |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | GRANTS AND OTHER ASSISTANCE IN THE UNITED STATES | Identifier |
| Return Reference | FORM 990, SCHEDULE I, PART I, LINE 2 | ReturnReference |
| Explanation | The college provides scholarships to students matriculating at the University; these scholarships may only be used by students to defray the costs of tuition and/or room and board. Since the students may not exercise any discretion on how the funds are spent, the college is not required to monitor the grants (other than to ensure that the student is fulfilling the requirements for earning the scholarship). | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Housing Allowance Or Residence | X | HousingAllowanceOrResidence |
| Written Policy Re T And E Expenses | false | WrittenPolicyReTAndEExpenses |
| Substantiation Required | true | SubstantiationRequired |
| Compensation Committee | X | CompensationCommittee |
| Independent Consultant | X | IndependentConsultant |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | false | SeverancePayment |
| Supplemental Nonqual Retire Plan | false | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | false | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | false | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | false | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | false | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | false | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | false | AnyNonFixedPayments |
| Initial Contract Exception | false | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII (5 entries)
| TitleTitle | Base Compensation Filing OrgBaseCompensationFilingOrg | Bonus Filing OrgBonusFilingOrg | Other Compensation Filing OrgOtherCompensationFilingOrg | Deferred Comp Filing OrgDeferredCompFilingOrg | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Total Compensation Filing OrgTotalCompensationFilingOrg | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg |
|---|---|---|---|---|---|---|---|
| Guy Lometti | |||||||
| Provost | 193520 | 0 | 9000 | 15481 | 0 | 218001 | 0 |
| Abed Elkeshk | |||||||
| EVP, Treasurer & CFO | 188523 | 0 | 18000 | 15481 | 12687 | 234691 | 0 |
| Charles L Flynn Jr | |||||||
| President | 292011 | 0 | 31479 | 37000 | 15602 | 376092 | 0 |
| Madeleine Melkonian | |||||||
| SVP/Instit Adv & College Rel | 150952 | 0 | 9000 | 13150 | 43035 | 216137 | 0 |
| Adam Wichern | |||||||
| vp for IT/cio | 118992 | 0 | 6000 | 10003 | 16413 | 151408 | 0 |
Form990 Schedule J Part III Form990ScheduleJPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Schedule J, Part I Housing Allowance | Identifier |
| Explanation | The College's President, Charles Flynn, receives a housing allowance from the College. | Explanation |
Schedule K IRS990ScheduleK
Form990 Schedule K Part I Form990ScheduleKPartI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
Issuer Name IssuerName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | New York Industrial development agency | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Issuer EIN | 132906040 | IssuerEIN |
| CUSIP Number | 649438bd9 | CUSIPNumber |
| Date Issued | 2006-06-01 | DateIssued |
| Issue Price | 22117032 | IssuePrice |
| Description Of Purpose | build and refurbish dorms | DescriptionOfPurpose |
| Defeased | false | Defeased |
| On Behalf Of Issuer | false | OnBehalfOfIssuer |
| Pool Financing | false | PoolFinancing |
Form990 Schedule K Part II Form990ScheduleKPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Amount Retired | 2817032 | AmountRetired |
| Amount Bond Defeased | 0 | AmountBondDefeased |
| Total Proceeds | 22695250 | TotalProceeds |
| Amount In Reserve Fund | 1546137 | AmountInReserveFund |
| Capitalized Interest | 0 | CapitalizedInterest |
| Refunding Escrow | 0 | RefundingEscrow |
| Issuance Costs From Proceeds | 1337172 | IssuanceCostsFromProceeds |
| Credit Enhancement | 0 | CreditEnhancement |
| Working Capital Expenditures | 0 | WorkingCapitalExpenditures |
| Capital Expenditures | 18097967 | CapitalExpenditures |
| Other Spent Proceeds | 0 | OtherSpentProceeds |
| Amount Unspent | 0 | AmountUnspent |
| Year Of Subst Completion | 2007 | YearOfSubstCompletion |
| Current Refunding | true | CurrentRefunding |
| Advance Refunding | false | AdvanceRefunding |
| Final Allocation Made | true | FinalAllocationMade |
| Adequate Books And Recds Maintaind | true | AdequateBooksAndRecdsMaintaind |
Form990 Schedule K Part III Form990ScheduleKPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Owning Bond Financed Property | false | OwningBondFinancedProperty |
| Any Lease Arrangements | false | AnyLeaseArrangements |
| Mngment Cntrct Bond Financd Prprty | false | MngmentCntrctBondFinancdPrprty |
| Any Research Agreements | false | AnyResearchAgreements |
| Prcntge Prvt Business Use By Others | 0 | PrcntgePrvtBusinessUseByOthers |
| Change In Use Bond Financed Prop | false | ChangeInUseBondFinancedProp |
| Remedial Action Taken | false | RemedialActionTaken |
| Non Qualified Bond Remed Procdrs | true | NonQualifiedBondRemedProcdrs |
Form990 Schedule K Part IV Form990ScheduleKPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Form8038 T Filed | false | Form8038TFiled |
| Exception To Rebate | false | ExceptionToRebate |
| Variable Rate Issue | true | VariableRateIssue |
| Hedge Identified In Books And Recds | false | HedgeIdentifiedInBooksAndRecds |
Name Of Hedge Provider NameOfHedgeProvider
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | 0 | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Proceeds Invested In GIC | false | GrossProceedsInvestedInGIC |
Name Of GIC Provider NameOfGICProvider
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | 0 | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Proceeds Invested | false | GrossProceedsInvested |
Form990 Schedule K Part V Form990ScheduleKPartV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Proc To Undertk Corrective Action | true | ProcToUndertkCorrectiveAction |
Form990 Schedule K Part VI Form990ScheduleKPartVI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | PART VI, LINE 2B | Identifier |
| Return Reference | 0 | ReturnReference |
| Explanation | No rebate computation was performed as the organization did not reinvest any bond proceeds in a higher yielding investment. | Explanation |
Schedule M IRS990ScheduleM
| Field | Value | IRS element (for citing) |
|---|---|---|
| Works Of Art | WorksOfArt | |
| Art Historical Treasures | ArtHistoricalTreasures | |
| Art Fractional Interest | ArtFractionalInterest | |
| Books And Publications | BooksAndPublications | |
| Clothing And Household Goods | ClothingAndHouseholdGoods | |
| Cars And Other Vehicles | CarsAndOtherVehicles | |
| Boats And Planes | BoatsAndPlanes | |
| Intellectual Property | IntellectualProperty |
Securities Publicly Traded SecuritiesPubliclyTraded
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 13 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 40035 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | FMV | MethodOfDeterminingRevenues |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities Closely Held Stock | SecuritiesCloselyHeldStock | |
| Securities Prtnrshp Trust Intrsts | SecuritiesPrtnrshpTrustIntrsts | |
| Securities Miscellaneous | SecuritiesMiscellaneous | |
| Qualified Contrib Hist Struct | QualifiedContribHistStruct | |
| Qualified Contrib Other | QualifiedContribOther | |
| Real Estate Residential | RealEstateResidential | |
| Real Estate Commercial | RealEstateCommercial | |
| Real Estate Other | RealEstateOther | |
| Collectibles | Collectibles | |
| Food Inventory | FoodInventory | |
| Drugs And Medical Supplies | DrugsAndMedicalSupplies | |
| Taxidermy | Taxidermy | |
| Historical Artifacts | HistoricalArtifacts | |
| Scientific Specimens | ScientificSpecimens | |
| Archaeological Artifacts | ArchaeologicalArtifacts |
Other Non Cash Contributions Table OtherNonCashContributionsTable (2 entries)
| Non Cash CheckboxNonCashCheckbox | DescriptionDescription | Number Of ContributionsNumberOfContributions | Noncash Contribs Rptd F990NoncashContribsRptdF990 | Method Of Determining RevenuesMethodOfDeterminingRevenues |
|---|---|---|---|---|
| X | FURNITURE | 1 | 7890 | FMV |
| X | MISCELLANEOUS | 1 | 600 | FMV |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Any Property That Must Be Held | false | AnyPropertyThatMustBeHeld |
| Review Process Unusual NC Gifts | true | ReviewProcessUnusualNCGifts |
| Third Parties Used | true | ThirdPartiesUsed |
Form990 Schedule M Part II Form990ScheduleMPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | NONCASH CONTRIBUTIONS | Identifier |
| Return Reference | FORM 990, SCHEDULE M, PART I, LINE 32 | ReturnReference |
| Explanation | The College routinely receives contributions of publicly traded securities. The College uses a third party investment bank to process or sell stock contributions. | Explanation |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (3 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| POLICIES | FORM 990, PART VI, SECTION B | Line 11 - process used to review form 990 The Form 990 was prepared by an independent accounting firm in conjunction with the organization's financial department. The Form 990 was presented to the audit committee in march of 2014 and a copy of the draft form 990 was circulated to the Board of Trustees for discussion and comment. The Board of Trustees has directed that information on individual donors not be generally distributed. However, this information is available to any Trustees who request it for review. Each Audit committee member and board of trustees member was provided ample opportunity to comment on the information contained in the 990 prior to its filing with the Internal Revenue Service. LINE 12 - enforcement and monitoring of conflict of interest policy potential conflicts of interest are reviewed annually by the audit committee. Relationships between Board members, officers or key employees of the College must be fully disclosed. In such instance, the trustee, officer, or key employee of the College must: A. Trustees 1) if a trustee discloses the existence of such interest and describes the nature thereof to the other trustees at such time as one becomes aware of it, and in all instances prior to the time final action is taken by the Board and/or the Executive Committee with respect to that matter; 2) abstain from voting thereon, with the meeting minutes recording such abstention; and 3) recuse himself/herself from the meeting during some portion of the discussion of the matter if the Board Chairman so requests This policy, however, should not be construed as preventing the trustee from briefly stating his/her position in the matter, nor from answering pertinent questions of other trustees, nor from recommending that the trustees enter into such transaction, since his/her knowledge may be of great assistance to the entire Board. B. Officers 1) if an officer discloses the existence of such interest and describes the nature thereof to the President at such time as one becomes aware of it, and in all instances prior to the time the final action is taken by those responsible for the recommendation and/or decision involved; 2) abstain from making a recommendation or decision on the matter involved and submit a written statement to the office of the President reporting having recused himself/herself thereon; The President shall inform the Executive Committee of the Board. C. Key Employees 1) if a key employee disclosed the existence of such interest and describes the nature thereof to the appropriate senior administrator and to the President at such time as one becomes aware of it, and in all instances, prior to the time the final action is taken by those responsible for the recommendation and/or decision involved; 2) abstain from making or participating in making a recommendation or decision on the matter involved and submit a written statement to the office of the appropriate vice president reporting having recused himself/herself thereon. LINE 15 - process for determining compensation The process of determining the President's compensation is determined and voted on by the Board of Trustees. THE EXECUTIVE COMMITTEE, WHICH IS RESPONSIBLE FOR REVIEWING AND DOCUMENTING THE COMPENSATION OF THE PRESIDENT, USES DATA PROVIDED BY AN INDEPENDENT COMPENSATION CONSULTANT. DOCUMENTATION OF THE EXECUTIVE COMMITTEE'S DELIBERATIONS REGARDING PRESIDENTIAL COMPENSATION DECISIONS IS PREPARED, APPROVED BY THE COMMITTEE AND FILED WITH OTHER BOARD-RELATED DOCUMENTS THAT ARE MAINTAINED AT THE COLLEGE. THE EXECUTIVE COMMITTEE REPORTS CHANGES TO THE PRESIDENT'S COMPENSATION IN EXECUTIVE SESSION TO THE FULL BOARD. The process of setting compensation for other officers (VP's) of the organization is determined by the CEO (President) based upon comparability data. |
| DISCLOSURE | FORM 990, PART VI, SECTION C | LINE 19 - availability of documents to the public The College makes its Form 990 available to the public by retaining a copy at its place of business. The Form 990 is likewise published on the internet at www.guidestar.org. The organization's financial statements, governing documents and conflict of interest policy are not ordinarily made available to the public, but, if requested, will be provided at management's discretion. |
| Form 990, Part V, Line 3a & 3b | The College's unrelated business income did not exceed $1,000 during the year; nevertheless, the organization does file a Form 990-T. |
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