2014-04-24T13:20:36-05:00 2013-06-30 GRANT THORNTON LLP 666 THIRD AVENUE NEW YORK NY 100174057 990 2012-07-01 131740445 COLLEGE OF MT ST VINCENT % BARBARA HURLEIGH CONTROLLER COLL 7184053200 6301 RIVERDALE AVENUE Suite RIVERDALE NY 10471 ABED ELKESHK 7184053200 2014-04-22 true 2125990100 2012 2015-11-30 17:44:51Z CHARLES FLYNN PRESIDENT 6301 RIVERDALE AVE RIVERDALE NY 10471 63191388 false X WWW.MOUNTSAINTVINCENT.EDU X 1847 NY 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. 31 30 923 0 732 -518 4431946 2902718 53332011 56858091 17534 347719 970004 1966448 58751495 62074976 15209865 16946875 0 0 20399898 20357464 104532 0 1837048 19765481 21627841 55479776 58932180 3271719 3142796 74774505 81096608 30139510 32632282 44634995 48464326 X 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. false false 48894890 16946875 56858091 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. 48894890 true true false true false false false true true true true false false true true true true false true false true false false false true false false false true true true false false false false false false false false false false true false false false false false false false false true 2911 0 true 923 true false false false false false true true false false false false X 31 30 false false false false false false false true true false false false true true true true true true true false X BARBARA HURLEIGH CONTROLLER 7184053200 6301 RIVERDALE AVE Riverdale NY 10471 SISTER MARGARET DENNEHY 1.0 X 0 0 0 EDMUND C DUFFY 1.0 X 0 0 sister ROSE FREDERICK 1.0 X 0 0 STEVEN HAYES 1.0 X 0 0 MAUREEN A HENEGAN 1.0 X 0 0 MARY BETH MALONE 1.0 X 0 0 DERYCK A PALMER 1.0 X 0 0 JOAN M SQUIRES 1.0 X 0 0 JOAN D WALSH 1.0 X 0 0 Stephen A Manzi 1.0 X 0 0 Rosemary T Berkery 1.0 X 0 0 James J Campbell 1.0 X 0 0 Vita A Cassese 1.0 X 0 0 Gail Vance Civille 1.0 X 0 0 Noreen M Culhane 1.0 X X 0 0 Charles L Flynn Jr 40.0 X X 323490 52602 Paula Marie Buley IHM 1.0 X 0 0 Cristobal Conde 1.0 X 0 0 Maria L Ellis 1.0 X 0 0 Sister Jane Iannucelli 1.0 X X 0 0 Kevin M Kearney 1.0 X 0 0 Cathy-Ann martine Dolecki 1.0 X 0 0 Valerie mastronardi 1.0 X 0 0 Paul W Mourning 1.0 X X 0 0 Raul Rivera 1.0 X 0 0 Susan Whitney 1.0 X 0 0 Vaughn C Williams 1.0 X 0 0 STEFANO ACUNTO 1.0 X 0 0 WILLIAM J FISHLINGER 1.0 X 0 0 SISTER ELIZABETH VERMAELEN 1.0 X 0 0 KRISTIN TRAHAN WINFORD 1.0 X 0 0 Abed Elkeshk 40.0 X 206523 28168 Guy Lometti 40.0 X 202520 15481 Dianna Dale 40.0 X 134792 10003 Madeleine Melkonian 40.0 X 159952 56185 Tim Nash 40.0 X 134042 10003 Adam Wichern 40.0 X 124992 26416 Edward Meyer 40.0 X 121638 21674 1407949 0 220532 12 false true false 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 17 365141 1015672 1521905 48525 2902718 TUITION & FEES 900099 47949139 47949139 ROOM & BOARD 900099 8908952 8908952 56858091 217207 732 216475 0 0 228458 228458 0 228458 228458 1105824 975312 130512 130512 130512 74475 365141 141100 -66625 -66625 0 99791 99791 99791 MISCELLANEOUS ACCOUNT TRANSFERS 900099 1355738 1355738 ALUMNI EVENTS 900099 54945 54945 REBATE INCOME 900099 11083 11083 283058 283058 1704824 62074976 56858091 732 2313435 0 16946875 16946875 0 0 838719 221680 617039 0 15225429 11753047 2531144 941238 827880 635878 139094 52908 2264396 1681192 452852 130352 1201040 872868 257299 70873 0 106160 42 106118 0 180768 180768 0 0 63476 63476 885234 313723 455681 115830 173259 565 172467 227 1064635 598473 240006 226156 828418 124951 703467 0 3115769 132920 2982849 310924 267190 27058 16676 0 122639 93124 23058 6457 17471 17471 0 3737655 3737655 543030 543030 CONTRACTUAL SERVICES 4180512 520977 3650060 9475 FOOD SERVICE 2701837 2623718 16757 61362 BAD DEBT EXPENSE 1266214 1165196 101018 ALLOCATED INDIRECT EXPENSES 9334318 -9516751 182433 2329840 1608153 698626 23061 58932180 48894890 8200242 1837048 0 0 5154989 4074790 1787143 1067435 639120 1574435 0 0 0 0 751281 758893 12562 12975 233650 138352 97814681 38974044 53225346 58840637 5348906 6387355 3125918 3407363 0 0 0 0 4495590 4834373 74774505 81096608 3759039 3044457 0 0 1191045 1238305 19790000 19300000 2535431 4819352 0 0 800936 2270535 0 0 2063059 1959633 30139510 32632282 X 32480359 37673820 5596412 4092848 6558224 6697658 44634995 48464326 74774505 81096608 X 3142796 686535 X false true X true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false false false true 258 258 false Lobbying Expense Schedule C, Part II-B 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. 43405 X false true 8639273 623789 1034768 356401 9941429 8376666 538875 -218334 57934 8639273 6790426 711047 1104853 229660 8376666 6545598 179107 168770 103049 6790426 6301161 244437 108858 43876 64982 6545598 0.21257 0.65986 0.12757 false false 1994835 1994835 72581400 24161219 48420181 13993884 10617472 3376412 9244562 4195353 5049209 58840637 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 4834373 0 U.S. GOV'T GRANTS REFUNDABLE 691233 CONDITIONAL ASSET RETIREMENT 1268400 1959633 X 46095872 686535 203612 -16946875 -16056728 62152600 63476 -141100 -77624 62074976 42266541 203612 141100 344712 41921829 63476 16946875 17010351 58932180 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. true true true true true true true false false false false false false false false true false true 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. Central America and the Caribbean 0 0 Investments 3123940 0 0 0 0 3123940 3123940 true false false false true false Form 990, Schedule F, Part IV, Lines 1 & 5 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. tribute dinner 439616 365141 74475 40000 45102 5400 50598 0 439616 365141 74475 40000 45102 5400 50598 141100 -66625 true SCHOLARSHIPS 1428 16946875 GRANTS AND OTHER ASSISTANCE IN THE UNITED STATES FORM 990, SCHEDULE I, PART I, LINE 2 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). X false true X X X X false false false false false false false false false Guy Lometti 193520 0 9000 15481 0 218001 0 Abed Elkeshk 188523 0 18000 15481 12687 234691 0 Charles L Flynn Jr 292011 0 31479 37000 15602 376092 0 Madeleine Melkonian 150952 0 9000 13150 43035 216137 0 Adam Wichern 118992 0 6000 10003 16413 151408 0 Schedule J, Part I Housing Allowance The College's President, Charles Flynn, receives a housing allowance from the College. A New York Industrial development agency 132906040 649438bd9 2006-06-01 22117032 build and refurbish dorms false false false A 2817032 0 22695250 1546137 0 0 1337172 0 0 18097967 0 0 2007 true false true true A false false false false 0 false false true A false false true false 0 false 0 false A true PART VI, LINE 2B 0 No rebate computation was performed as the organization did not reinvest any bond proceeds in a higher yielding investment. X 13 40035 FMV X FURNITURE 1 7890 FMV X MISCELLANEOUS 1 600 FMV false true true NONCASH CONTRIBUTIONS FORM 990, SCHEDULE M, PART I, LINE 32 The College routinely receives contributions of publicly traded securities. The College uses a third party investment bank to process or sell stock contributions. 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.