2014-05-14T12:44:22-05:00 2013-06-30 113518842 MARKS PANETH LLP 685 THIRD AVENUE NEW YORK NY 10017 990 2012-07-01 131967321 MERCY COLLEGE MERC 9144552650 555 BROADWAY DOBBS FERRY NY 10522 CONCETTA M STEWART 9144552650 2014-05-14 1 ROBERT R LYONS CPA P00227472 2125038800 2012 2015-11-30 17:44:51Z CONCETTA M STEWART 555 BROADWAY DOBBS FERRY NY 10522 295015279 0 X WWW.MERCY.EDU X 1950 NY EDUCATE STUDENTS IN LIBERAL ARTS, SCIENCES, BUSINESS, EDUCATION AND PROFESSIONAL PROGRAMS. 19 18 2332 0 0 0 7927074 8228997 175753065 173326058 -486714 293842 88451 40263 183281876 181889160 29470902 29843774 0 0 61477777 65628859 112059 66839 1061766 55514260 57676404 146574998 153215876 36706878 28673284 199139096 235266280 47285837 48231016 151853259 187035264 X MERCY COLLEGE IS COMMITTED TO PROVIDING MOTIVATED STUDENTS THE OPPORTUNITY TO TRANSFORM THEIR LIVES THROUGH HIGHER EDUCATION BY OFFERING LIBERAL ARTS AND PROFESSIONAL PROGRAMS IN PERSONALIZED AND HIGH QUALITY LEARNING ENVIRONMENTS, THUS PREPARING STUDENTS TO EMBARK ON REWARDING CAREERS, TO CONTINUE LEARNING THROUGHOUT THEIR LIVES AND TO ACT ETHICALLY AND RESPONSIBLY IN A CHANGING WORLD. 0 0 123563566 29843775 173326058 MERCY COLLEGE IS A COMPREHENSIVE COLLEGE OFFERING BOTH UNDERGRADUATE AND GRADUATE DEGREES TO OVER 10,000 STUDENTS. THE COLLEGE HAS FOUR CAMPUS LOCATIONS IN AND AROUND NEW YORK CITY AND ALSO OFFERS COURSES THROUGH THE INTERNET. STUDENTS ARE PRIMARILY FROM THE NEW YORK METROPOLITAN AREA. 123563566 1 1 0 1 0 0 0 1 0 1 1 0 0 0 1 1 1 0 1 0 1 0 1 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 2332 1 0 0 0 0 0 1 1 0 0 0 0 X 19 18 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X NARDA A ROMERO 9146747841 555 BROADWAY DOBBS FERRY NY 10522 GARY W BROWN 1.00 X 0 0 0 JOSEPH P CARLUCCI ESQ 1.00 X 0 0 0 JOSEPH GANTZ 1.00 X 0 0 0 JAMES M MCCORMICK 1.00 X 0 0 0 BALA AYYAR 1.00 X 0 0 0 GARY A BERNSTEIN 1.00 X 0 0 0 EDWARD B DUNN 1.00 X 0 0 0 ALEX FERRARI 1.00 X 0 0 0 JULIO GARCIA 1.00 X 0 0 0 JAMES GARITO 1.00 X 0 0 0 ROBERT GLASS 1.00 X 0 0 0 LYNNE GREENE 1.00 X 0 0 0 BRUCE J HABER 1.00 X 0 0 0 DAVID B JONES 1.00 X 0 0 0 THOMAS LANSEN 1.00 X 0 0 0 DONALD J MATTHEWS 1.00 X 0 0 0 CHARLES EF MILLARD 1.00 X 0 0 0 WILLIAM M MOONEY JR 1.00 X 0 0 0 KUNI NAKAMURA 1.00 X 0 0 0 CARYL M STERN 1.00 X 0 0 0 HARRIS B STRATYNER 1.00 X 0 0 0 KIMBERLY R CLINE 35.00 X X 635994 0 40002 JEANNE PLECENIK 35.00 X 229190 0 39311 IRENE BUCKLEY 35.00 X 178399 0 22807 NARDA ROMERO 35.00 X 111945 0 6314 JAMES J MCCUE 35.00 X 220436 0 19889 MICHAEL B SPERLING 35.00 X 361903 0 21215 JOSEPH SCHAEFER 35.00 X 230739 0 7110 DEIRDRE A WHITMAN 35.00 X 240009 0 25896 ROBERT POSTMAN 35.00 X 236556 0 6900 JOHN TUCIARONE 35.00 X 222359 0 6712 WAYNE CIOFFARI 35.00 X 215841 0 6784 FREDERICK L SHIELS 35.00 X 207579 0 10874 MARGARET MCGRAIL 35.00 X 205984 0 35633 3296934 0 249447 86 0 1 0 ELLUCIAN COMPANY LP 62590 COLLECTIONS CENTER DRIVE CHICAGO IL 60693 INFORMATION TECHNOLOGY 6470862 ARAMARK COPORATION DINING SERVICES 153 PERKINS STUDENT CENTER NEWARK DE 19716 FACILITY MAINTENANCE SERVICE 3264414 LESSINGS 3500 SUNRISE HIGHWAY BUILDING 100 GREAT RIVER NY 11739 FOOD SERVICES MANAGEMENT 2189853 DEROSA SPORTS CONSTRUCTION INC 325 WAVERLY AVENUE PO BOX 107 MAMARONECK NY 10543 CONSTRUCTION 2104914 FOLLETT HIGHER EDUCATION GP MERCY COLLEGE BOOKSTORE DOBBS FER CHICAGO IL 60677 BOOKSTORE 1141274 32 340285 7566375 322337 161939 8228997 GROSS TUITION & FEES 900099 165554186 165554186 ROOM AND BOARD 721310 6732685 6732685 OTHER 900099 1039187 1039187 173326058 3914958 3914958 56590 7148 49442 49442 49442 109383276 113004392 -3621116 -3621116 -3621116 105400 340285 114579 -9179 -9179 181889160 173375500 0 284663 29832209 29832209 11565 11565 52951205 47689418 4657900 603887 2226241 1969735 226004 30502 5952812 5266934 604318 81560 4498601 3980276 456689 61636 8160834 534772 7626062 385461 385461 207500 1500 206000 55000 55000 66839 66839 437643 437643 4647715 4134131 513584 2870735 100063 2770568 104 2535450 2142633 305627 87190 2701454 1319120 1377617 4717 14752271 13828483 923544 244 1744837 1518746 218960 7131 1428127 1023847 328474 75806 930778 839390 91388 4584586 4269698 314888 511361 170 511191 BAD DEBT 3722702 3722702 CONTRACTUAL PAYMENTS 1935178 1935178 STUDENT FOOD SERVICES 1735422 1735422 PROGRAM SUPPORT 1466782 1466782 2862568 1898672 921746 42150 153215876 123563566 28590544 1061766 18934219 18231113 54917140 44222852 1832584 2244887 10728602 11073318 622122 518247 3979632 3418080 88091702 36923416 43036599 51168286 55862230 92889698 8180964 10399795 1045004 1100004 199139096 235266280 11577295 12417491 5365078 6272882 19070000 18025000 11273464 11515643 47285837 48231016 X 146920332 181601513 1373834 1733925 3559093 3699826 151853259 187035264 199139096 235266280 X 28673284 7458431 -949710 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 1 0 0 0 0 1 55000 1 0 55000 0 158430 158430 X 0 64043194 33555589 6069379 73824 304845 103289493 31113763 32819631 364828 85475 169553 64043194 23521614 2614241 5119168 55648 85612 31113763 20392677 2605531 611834 88428 23521614 27890666 711759 -7497990 84935 626823 20392677 0.95380 0.03580 0.01040 0 0 5546529 5546529 39781508 12169048 27612460 15976535 7096207 8880328 22114352 16708919 5405433 4672778 949242 3723536 51168286 ADVANCES FROM FEDERAL GOVERNMENT FOR STUDENT LOANS 1062731 CONDITIONAL ASSET RETIREMENT OBLIGATION 2797342 DEFERRED RENT 7655570 11515643 X 159073322 7458431 7148 7465579 151607743 437643 29843774 30281417 181889160 123891317 949710 7148 956858 122934459 437643 29843774 30281417 153215876 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: PERMANENTLY RESTRICTED NET ASSETS ARE RESTRICTED TO INVESTMENT IN PERPETUITY WITH INVESTMENT RETURN PRINCIPALLY AVAILABLE FOR SCHOLARSHIPS. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: THE COLLEGE HAS NO UNCERTAIN TAX POSITIONS AS OF JUNE 30, 2013 AND 2012 IN ACCORDANCE WITH ACCOUNTING STANDARDS CODIFICATION ("ASC") TOPIC 740, "INCOME TAXES," WHICH PROVIDES STANDARDS FOR ESTABLISHING AND CLASSIFYING ANY TAX PROVISIONS FOR UNCERTAIN TAX POSITIONS. THE COLLEGE IS NO LONGER SUBJECT TO FEDERAL OR STATE AND LOCAL INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR THE YEAR ENDED JUNE 30, 2010 AND PRIOR YEARS. PART XI, LINE 2D - OTHER ADJUSTMENTS: RENTAL OF FACILITIES 7,148. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS 29,843,774. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENT EXPENSES 7,148. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS 29,843,774. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION SCHEDULE E, PART I, LINE 3 MERCY COLLEGE HAS PUBLICIZED ITS RACIALLY NONDISCRIMINATION POLICY THROUGH NEWSPAPER AND/OR BROADCAST MEDIA DURING THE PERIOD OF SOLICITATION IN A WAY THAT MADE THE POLICY KNOWN TO ALL PARTS OF THE GENERAL COMMUNITY IT SERVES. EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE SCHEDULE E, PART I, LINE 6 MERCY COLLEGE RECEIVES FUNDS FROM VARIOUS FEDERAL AND STATE GOVERNMENTAL AGENCIES UNDER THEIR RESPECTIVE STUDENT FINANCIAL AID ASSISTANCE PROGRAMS. FEDERAL PROGRAM INCLUDE THE PELL GRANT PROGRAM, SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANT (SEOG) PROGRAM, COLLEGE WORK STUDY (CWS) PROGRAM AND THE PERKINS LOAN PROGRAMS. 0 MIDDLE EAST AND AFRICA 0 0 GRANTS TO RECIPIENTS DISCOUNTS 11565 0 0 0 0 0 0 11565 0 11565 DISCOUNTS MIDDLE EAST AND AFRICA 4 11565 0 0 0 0 0 0 PROCEDURE FOR MONITORING GRANTS OUTSIDE THE U.S.: SCHEDULE F, PART I, LINE 2: FOR GRANT FUNDS OUTSIDE THE UNITED STATES, MERCY COLLEGE PROVIDES TUITION DISCOUNTS TO ISRAELI STUDENTS. THE STUDENTS ARE IDENTIFIED BY NAME. X X X X X X X 1 CHARITY BUZZ 437 FIFTH AVENUE 11TH FLOOR NEW YORK NY 10016 ONLINE AUCTION 1 47662 9532 38130 47662 9532 38130 TRUSTEE'S DINNER 326548 278798 47750 81678 BRONX DINNER 56802 29297 27505 13709 2 62335 32190 30145 19192 445685 340285 105400 114579 114579 -9179 1 SCHOLARSHIPS 4865 21610029 COST INSTITUTIONAL AID DISCOUNTS AND EXEMPTIONS 1821 8222180 COST INSTITUTIONAL AID SCHOLARSHIPS AND DISCOUNTS ARE BASED ON ACADEMIC PERFORMANCE AND FINANCIAL NEED AND ARE ADMINISTERED BY THE OFFICES OF ADMISSIONS AND STUDENT SERVICES. X X X 0 0 0 0 0 0 0 0 0 KIMBERLY R CLINE 514999 0 110000 0 10995 0 22500 0 17502 0 675996 0 0 0 JEANNE PLECENIK 229190 0 0 0 0 0 21809 0 17502 0 268501 0 0 0 IRENE BUCKLEY 178399 0 0 0 0 0 16303 0 6504 0 201206 0 0 0 JAMES J MCCUE 220436 0 0 0 0 0 19889 0 0 0 240325 0 0 0 MICHAEL B SPERLING 361903 0 0 0 0 0 13106 0 8109 0 383118 0 0 0 JOSEPH SCHAEFER 227127 0 0 0 3612 0 7110 0 0 0 237849 0 0 0 DEIRDRE A WHITMAN 236345 0 0 0 3664 0 19392 0 6504 0 265905 0 0 0 ROBERT POSTMAN 236556 0 0 0 0 0 6900 0 0 0 243456 0 0 0 JOHN TUCIARONE 222359 0 0 0 0 0 6712 0 0 0 229071 0 0 0 WAYNE CIOFFARI 215841 0 0 0 0 0 6784 0 0 0 222625 0 0 0 FREDERICK L SHIELS 207579 0 0 0 0 0 6650 0 4224 0 218453 0 0 0 MARGARET MCGRAIL 195984 0 10000 0 0 0 18131 0 17502 0 241617 0 0 0 A NEW YORK CITY INDUSTRIAL DEVELOPMENT AGENCY 132906040 64971C450 2005-05-01 16220000 REFINANCING OF DEBT 0 0 0 B WESTCHESTER INDUSTRIAL DEVELOPMENT AGENCY 521294265 957368GJ6 2005-05-01 10140000 REFINANCING OF DEBT 0 0 0 A 450000 16220000 948848 15271152 2005 0 0 0 1 B 595000 10140000 696128 9443872 2005 0 0 0 1 A 0 0 0 0 0 0 1 B 0 0 0 0 0 0 1 A 0 0 0 1 1 0 0 0 0 B 0 0 0 1 1 0 0 0 0 A 1 B 1 SCHEDULE K PART IV, ARBITRAGE, LINE 2C DATE REBATE COMPUTATION PERFORMED ISSUER NAME: NEW YORK CITY INDUSTRIAL DEVELOPMENT AGENCY DATE THE REBATE COMPUTATION WAS PERFORMED: 05/02/2005 ISSUER NAME: WESTCHESTER INDUSTRIAL DEVELOPMENT AGENCY DATE THE REBATE COMPUTATION WAS PERFORMED: 05/02/2005 JOSEPH P CARLUCCI ESQ BOARD MEMBER 82083 LEGAL - JOSEPH CARLUCCI IS A PARTNER AT A LAW FIRM ENGAGED BY MERCY COLLEGE DURING 2013. 0 X 4 119269 FAIR MARKET VALUE X SPL EVENTS 10 91639 FMV 0 0 1 THIRD PARTY USE: PART I, LINE 32B: MERCY COLLEGE USES CHARITY BUZZ, AN ONLINE AUCTION SERVICE, TO AUCTION DONATED GOODS. FORM 990, PART VI, SECTION B, LINE 11 SENIOR MANAGEMENT REVIEWS THE FORM 990 AND IT IS THEN PROVIDED TO THE BOARD OF TRUSTEES PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY, BOARD OF DIRECTORS, OFFICERS, AND TOP MANAGEMENT OFFICIALS ARE REQUIRED TO SIGN OFF ON THE CONFLICT OF INTEREST POLICY AND TO DISCLOSE INTERESTS THAT COULD GIVE RISE TO CONFLICT. FORM 990, PART VI, SECTION B, LINE 15 WHEN DETERMINING THE COMPENSATION OF THE ORGANIZATION'S PRESIDENT, THE ORGANIZATION TYPICALLY CONSULTS PUBLIC INFORMATION DERIVED FROM THE ANNUAL REPORT ISSUED BY THE CHRONICLE OF HIGHER EDUCATION AND THEN SENDS TO THE BOARD OF TRUSTEES FOR APPROVAL. RECOMMENDATIONS ARE MADE TO THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES TO REVIEW AND APPROVE THE SALARIES OF THE PRESIDENT'S DIRECT REPORTS, INCLUDING OFFICERS AND KEY EMPLOYEES OF THE COLLEGE. FORM 990, PART VI, SECTION C, LINE 19 MERCY COLLEGE MAKES ITS GOVERNING DOCUMENTS (BY-LAWS), CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE THE PUBLIC UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 9: WRITE OFF OF CONSTRUCTION IN PROGRESS -949,710. FORM 990, PART XII, LINE 2C: THE PROCESS OF OVERSEEING THE AUDIT AND SELECTION OF INDEPENDENT ACCOUNTANT HAS NOT BEEN CHANGED FROM THE PRIOR YEAR.