2013-05-14T11:24:54-05:00 2012-06-30 113518842 MARKS PANETH & SHRON LLP 685 THIRD AVENUE NEW YORK NY 10017 990 2011-07-01 131967321 MERCY COLLEGE MERC 9144552650 555 BROADWAY DOBBS FERRY NY 10522 KIMBERLY R CLINE 9144552650 2013-05-14 1 ROBERT R LYONS CPA P00227472 2125038800 2011 2016-03-07 17:11:31Z KIMBERLY R CLINE 555 BROADWAY DOBBS FERRY NY 10522 301687788 0 X WWW.MERCY.EDU X 1950 NY EDUCATE STUDENTS IN LIBERAL ARTS, SCIENCES, BUSINESS, EDUCATION AND PROFESSIONAL PROGRAMS. 20 19 2388 0 0 0 9338496 7927074 163046395 175753065 4833650 -486714 -6110 88451 177212431 183281876 26948006 29470902 0 0 59354319 61477777 51284 112059 979135 51453946 55514260 137807555 146574998 39404876 36706878 158253456 199139096 42784282 47285837 115469174 151853259 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 119139159 29470902 175753065 MERCY COLLEGE IS A COMPREHENSIVE COLLEGE OFFERING BOTH UNDERGRADUATE AND GRADUATE DEGREES TO OVER 10,000 STUDENTS. THE COLLEGE HAS FIVE CAMPUS LOCATIONS IN AND AROUND NEW YORK CITY AND ALSO OFFERS COURSES THROUGH THE INTERNET. STUDENTS ARE PRIMARILY FROM THE NEW YORK METROPOLITAN AREA. 119139159 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 0 1 0 0 0 0 0 0 0 0 0 1 139 0 2388 1 0 0 0 0 0 1 1 0 0 0 0 X 20 19 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 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 BALA AYYAR 1.00 X 0 0 0 GARY A BERNSTEIN 1.00 X 0 0 0 JULIO GARCIA 1.00 X 0 0 0 EDWARD B DUNN 1.00 X 0 0 0 JOSEPH GANTZ 1.00 X 0 0 0 BRUCE J HABER 1.00 X 0 0 0 KUNI NAKAMURA 1.00 X 0 0 0 DAVID B JONES 1.00 X 0 0 0 DONALD J MATTHEWS 1.00 X 0 0 0 JAMES M MCCORMICK 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 ALEX FERRARI 1.00 X 0 0 0 KIMBERLY R CLINE 35.00 X X 613734 0 40001 JAMES GARITO 1.00 X 0 0 0 ROBERT GLASS 1.00 X 0 0 0 THOMAS LANSEN 1.00 X 0 0 0 HARRIS B STRATYNER 1.00 X 0 0 0 JEANNE PLECENIK 35.00 X 221045 0 37514 IRENE BUCKLEY 35.00 X 170308 0 21037 SAMANTHA CHRISTIAN 35.00 X 121251 0 9863 JOSEPH SCHAEFER 35.00 X 226439 0 7407 MICHAEL B SPERLING 35.00 X 213788 0 37024 DEIRDRE A WHITMAN 35.00 X 211878 0 25257 MARGARET M MCGRAIL 35.00 X 183391 0 33402 JAMES J MCCUE 35.00 X 199384 0 18589 ALFRED S POSAMENTIER 35.00 X 193902 0 16793 LORRAINE CASHIN 35.00 X 163042 0 396 2518162 0 247283 69 0 1 0 ELLUCIAN COMPANY LP 62590 COLLECTIONS CENTER DRIVE CHICAGO IL 60693 INFORMATION TECHNOLOGY 6560746 ARAMARK COPORATION DINING SERVICES 153 PERKINS STUDENT CENTER NEWARK DE 19716 FACILITY MAINTENANCE SERVICE 3187787 LESSINGS 3500 SUNRISE HIGHWAY BUILDING 100 GREAT RIVER NY 11739 FOOD SERVICES MANAGEMENT 2238360 FOLLETT HIGHER EDUCATION GP MERCY COLLEGE BOOKSTORE DOBBS FER CHICAGO IL 60677 BOOKSTORE 1396879 ALLIEDBARTON SECURITY SERVICES PO BOX 828854 PHILADELPHIA PA 19182 SECURITY 898981 28 381552 6757856 787666 118365 7927074 GROSS TUITION & FEES 900099 167687836 167687836 ROOM AND BOARD 721310 7308247 7308247 OTHER 900099 756982 756982 175753065 -432754 -432754 118243274 118297234 -53960 -53960 -53960 197129 381552 108678 88451 88451 183281876 175753065 0 -398263 X 29446648 29446648 24254 24254 1344629 1344629 47758514 43902409 3346111 509994 2346280 2103934 212573 29773 5807716 5207840 526179 73697 4220638 3784690 382390 53558 7861273 540502 7320771 223338 223338 165144 165144 22924 22924 112059 112059 279822 279822 4271420 4044058 227362 2822339 3191 2819069 79 2263581 1892745 262697 108139 2354311 952787 1396197 5327 16121331 15587748 533583 1983384 1669684 311082 2618 1210687 936859 202783 71045 965049 897903 67146 4033032 3948382 84650 381825 381825 BAD DEBT 3617152 3617152 STUDENT FOOD SERVICES 1955590 1955590 CONTRACTUAL PAYMENTS 1765349 1765349 MISCELLANEOUS 1257455 476313 768296 12846 1959254 1763622 195632 146574998 119139159 26456704 979135 15694610 18934219 53572184 54917140 1195176 1832584 10671568 10728602 576680 622122 2906562 3979632 76786375 33749776 41522909 43036599 25566389 55862230 5547374 8180964 1000004 1045004 158253456 199139096 9635025 11577295 2233892 5365078 20070000 19070000 10845365 11273464 42784282 47285837 X 110523787 146920332 1596988 1373834 3348399 3559093 115469174 151853259 158253456 199139096 X 36706878 -322793 X X 0 1 1 X 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 31113763 32819631 364828 85475 169553 64043194 23521614 2614241 5119168 55648 85612 31113763 20392677 2605531 611834 88428 23521614 27890666 711759 -7497990 84935 626823 20392677 0.93290 0.05560 0.01150 0 0 3404619 3404619 32411261 10908102 21503159 16762779 7370736 9392043 20777360 14947203 5830157 3430356 523735 2906621 43036599 ADVANCES FROM FEDERAL GOVERNMENT FOR STUDENT LOANS 1030808 CONDITIONAL ASSET RETIREMENT OBLIGATION 2716406 DEFERRED RENT 7526250 11273464 183281876 146574998 36706878 -360831 38038 -322793 36384085 153569190 38038 38038 153531152 279822 29470902 29750724 183281876 117185105 360831 360831 116824274 279822 29470902 29750724 146574998 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: THE COLLEGE HAS NO UNCERTAIN TAX POSITIONS AS OF JUNE 30, 2012 AND 2011 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, 2009 AND PRIOR YEARS. PART XI, LINE 8 - OTHER ADJUSTMENTS: POST-RETIREMENT CHANGES OTHER THAN NET PERIODIC COSTS 38,038. PART XII, LINE 2D - OTHER ADJUSTMENTS: POSTRETIREMENT CHANGES OTHER THAN NET PERIODIC COSTS 38,038. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS 29,470,902. PART XIII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS 29,470,902. 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 24254 0 0 0 0 0 0 24254 0 24254 DISCOUNTS MIDDLE EAST AND AFRICA 19 24254 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 70029 14006 56023 70029 14006 56023 TRUSTEE'S DINNER 461047 310133 150914 82784 BRONX DINNER 59775 24800 34975 20459 1 57859 46619 11240 5435 578681 381552 197129 108678 108678 88451 1 SCHOLARSHIPS 4339 21058718 COST INSTITUTIONAL AID DISCOUNTS AND EXEMPTIONS 1885 8387929 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 1 0 0 0 0 0 KIMBERLY R CLINE 481521 0 110000 0 22213 0 22050 0 17951 0 653735 0 0 0 JEANNE PLECENIK 221045 0 0 0 0 0 21018 0 16496 0 258559 0 0 0 IRENE BUCKLEY 160308 0 10000 0 0 0 14653 0 6384 0 191345 0 0 0 JOSEPH SCHAEFER 221634 0 0 0 4805 0 6973 0 434 0 233846 0 0 0 MICHAEL B SPERLING 213788 0 0 0 0 0 20564 0 16460 0 250812 0 0 0 DEIRDRE A WHITMAN 206007 0 0 0 5871 0 18899 0 6358 0 237135 0 0 0 MARGARET M MCGRAIL 183391 0 0 0 0 0 16978 0 16424 0 216793 0 0 0 JAMES J MCCUE 199384 0 0 0 0 0 17826 0 763 0 217973 0 0 0 ALFRED S POSAMENTIER 193902 0 0 0 0 0 16103 0 690 0 210695 0 0 0 LORRAINE CASHIN 163042 0 0 0 0 0 0 0 396 0 163438 0 0 0 PART I, LINE 5 PART I, LINE 5 CERTAIN FACULTY MEMBERS RECEIVED A 0.5% INCREASE TO BASE SALARY AND A ONE-TIME PAYMENT OF 0.25% OF BASE SALARY. THE BASIC SALARY WAS NOT BASED ON THE REVENUE HURDLES. NEW YORK CITY INDUSTRIAL DEVELOPMENT AGENCY 132906040 64971C450 2005-05-01 16220000 REFINANCING OF DEBT 0 0 0 WESTCHESTER INDUSTRIAL DEVELOPMENT AGENCY 521294265 957368GJ6 2005-05-01 10140000 REFINANCING OF DEBT 0 0 0 435000 16220000 948848 15271152 2005 0 0 0 1 565000 10140000 696128 9443872 2005 0 0 0 1 0 0 0 0 1 0 0 0 0 1 0 1 0 0 0 0 0 1 0 0 0 0 X 4 108365 FAIR MARKET VALUE X TRUSTEES' DINNER/JOURNAL 1 6000 FMV X BRADFORD PORTRAITS 1 5000 AUCTION VALUE 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 15A 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. 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 5: NET UNREALIZED LOSSES ON INVESTMENTS: -360,831. POST-RETIREMENT CHANGES OTHER THAN NET PERIODIC COSTS 38,038. TOTAL TO FORM 990, PART XI, LINE 5: -322,793. 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.