2013-05-15T13:14:50-05:00 2012-06-30 GRANT THORNTON LLP 666 THIRD AVENUE NEW YORK NY 100174057 990 2011-07-01 131740445 COLLEGE OF MT ST VINCENT % BARBARA HURLEIGH CONTROLLER COLL 7184053200 6301 RIVERDALE AVENUE RIVERDALE NY 10471 Abed Elkeshk 2013-05-15 true 2125990100 2011 2016-02-25 16:41:14Z CHARLES FLYNN PRESIDENT 6301 RIVERDALE AVE RIVERDALE NY 10471 60766801 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. 32 31 934 0 542 -2208 4306585 4431946 49429929 53332011 402975 17534 977218 970004 55116707 58751495 13602410 15209865 0 0 19405872 20399898 52752 104532 1546634 19541858 19765481 52602892 55479776 2513815 3271719 71735659 74774505 30213150 30139510 41522509 44634995 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 45218512 15209865 53332011 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 3 associate, 25 baccalaureate, and 8 graduate majors. 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. 45218512 true true false true false false false true true true true false false true true true true false true false true false false true 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 false true X 0 0 true 934 true false false false false false true true false false false false X 32 31 false false false false false false false true true false false true true true true true true true true false X BARBARA HURLEIGH CONTROLLER 7184053200 6301 RIVERDALE AVE Riverdale NY 10471 MARGARET DENNEHY SC 1.0 X 0 0 EDMUND C DUFFY 1.0 X 0 0 ROSE FREDERICK SC 1.0 X X 0 0 PATRICK P GRACE 1.0 X 0 0 STEVEN HAYES 1.0 X 0 0 MAUREEN A HENEGAN 1.0 X 0 0 HELEN MCGOVERN SC 1.0 X 0 0 JOHN W NEARY 1.0 X 0 0 DERYCK A PALMER 1.0 X 0 0 PAUL I RUBACKY 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 Cassese 1.0 X 0 0 Gail Vance Civille 1.0 X 0 0 Mary Anne Cronin SC 1.0 X 0 0 Noreen M Culhane 1.0 X X 0 0 Charles L Flynn Jr 40.0 X X 303130 0 38976 Dominica Rocchio SC 1.0 X 0 0 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 0 0 Raul Rivera 1.0 X 0 0 Susan Whitney 1.0 X 0 0 Vaughn C Williams 1.0 X 0 0 Abed Elkeshk 40.0 X 205024 0 15869 Guy Lometti 40.0 X 196864 0 15029 Dianna Dale 40.0 X 126875 0 9670 Madeleine Melkonian 40.0 X 141560 0 23068 Tim Nash 40.0 X 129875 0 9670 Adam Wichern 40.0 X 120134 0 20799 Matthew Mcdevitt 40.0 X 121596 0 0 1345058 0 133081 12 false true false UNICCO SERVICE COMPANY 275 GROVE STREET SUITE 3200 AUBURNDALE MA 02466 CLEANING SERVICES 3494921 chartwells compass group PO Box 91377 CHICAGO IL 606731337 FOOD SERVICE 2137915 DHI Construction Services Inc 34-47 57th Street WOODSIDE NY 11377 construction svcs 1488669 Conserv Construction Inc 15 Washington Avenue SUFFERN NY 10901 construction svcs 1435711 Longo Associates 100 hilltop road RAMSEY NJ 07446 construction svcs 218677 13 479831 1311868 2640247 143201 4431946 TUITION & FEES 900099 44961443 44961443 ROOM & BOARD 900099 8338995 8338995 BOOKSTORE 611710 STUDENT AMENITIES 611710 31573 31573 53332011 259488 542 258946 0 0 445713 445713 445713 445713 1594047 1836001 -241954 -241954 -241954 95850 479831 179305 -83455 -83455 0 69189 69189 69189 ALUMNI EVENTS 900099 47919 47919 CAMP FEES 900099 13421 13421 MISCELLANEOUS INCOME 477217 183131 294086 538557 58751495 53552758 542 766249 0 15209865 15209865 0 0 902329 309186 318186 274957 0 15327901 11586869 3167588 573444 814353 620222 157728 36403 2214714 1623528 485424 105762 1140601 861878 218513 60210 0 82814 82814 184907 184907 0 104532 104532 58166 58166 590676 245387 221048 124241 164916 3490 161226 200 1095953 604944 366340 124669 585535 585535 0 1977956 1774761 193860 9335 346587 297165 32648 16774 0 145870 121437 20266 4167 813388 813388 0 3362702 3362702 626635 196 626439 CONTRACTUAL SERVICES 4526367 4407690 113335 5342 FOOD SERVICE 2444557 2248795 119846 75916 LIBRARY BOOKS 142863 142863 CREDIT CARD DISCOUNT 134260 134260 2481329 1797534 653113 30682 55479776 45218512 8714630 1546634 0 0 6611797 5154989 1101698 1787143 447185 639120 0 0 0 0 693849 751281 15622 12562 173390 233650 88612068 35386722 49717235 53225346 5429594 5348906 2960887 3125918 0 0 0 0 4584402 4495590 71735659 74774505 4949008 3759039 0 0 1456571 1191045 20265000 19790000 470449 2535431 0 0 1049621 800936 0 0 2022501 2063059 30213150 30139510 X 28489750 32480359 6571211 5596412 6461548 6558224 41522509 44634995 71735659 74774505 X 3271719 -159233 X false true true X true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false false false true 234 234 false Lobbying Expense Schedule L, 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, 2012, the portion of the College's membership dues that was deemed to be lobbying activity is $234. This represents the only lobbying expenses made by the College. 35515 X false true 8376666 538875 -218334 57934 8639273 6790426 711047 1104853 229660 8376666 6545598 179107 168770 103049 6790426 6301161 244437 108858 43876 64982 6545598 0.17487 0.74200 0.08313 false false 1994835 1994835 66363908 20283990 46079918 12726049 10248184 2477865 7527276 4854548 2672728 53225346 DEFERRED BOND FINANCING COST 1704451 DEPOSITS HELD BY BOND TRUSTEE 1877112 SECURITY DEPOSIT 39637 OTHER 874390 4495590 0 U.S. GOV'T GRANTS REFUNDABLE 691233 CONDITIONAL ASSET RETIREMENT 1371826 2063059 58751495 55479776 3271719 -159233 -159233 3112486 43746177 -159233 242391 -15209865 -15126707 58872884 57916 -179305 -121389 58751495 40633691 242391 179305 421696 40211995 57916 15209865 15267781 55479776 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. The College holds fifty individual funds for the purpose of providing scholarships and for undertaking educational programs. The endowment's principal will be left untouched while its earnings shall be used for expenditure. Reconciliation of Revenue FORM 990, SCHEDULE D, PART XII Line 2d - SCHOLARSHIP EXPENSE $(15,209,865) ------------ $(15,209,865) Line 4B - SPECIAL EVENTS EXPENSE $ (179,305) ------------ $(179,305) Reconciliation of Expenses FORM 990, SCHEDULE D, PART XIII Line 2d - Special events expense $ (179,305) ------------ $(179,305) Line 4B- SCHOLARSHIP EXPENSE $ 15,209,865 ------------ $15,209,865 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, 2009, 2010, 2011 and 2012 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 2022846 0 0 0 0 2022846 2022846 true false false false true false Form 990, Schedule F, Part IV, Lines 1, 4 & 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. X X X X X X true Mason Jay Blacher Assoc Direct Prospecting false 0 104532 -104532 0 104532 -104532 NY Tribute Dinner 575681 479831 95850 44253 67857 6000 61195 0 575681 479831 95850 44253 67857 6000 61195 179305 -83455 Form 990, Schedule G, Part 1, Line 1 The College undertakes various fundraising initiatives throughout the year. It secured the services of a professional fundraiser, Mason Jay Blacher & Associates to perform in a role similar to that of a Planned Giving Director. Services provided included direct prospecting as well as gift solicitation. true SCHOLARSHIPS 1413 15209865 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 X false false false false false false false false false Guy Lometti 187864 0 0 0 9000 0 15029 0 0 0 211893 0 Abed Elkeshk 187024 0 0 0 18000 0 15029 0 840 0 220893 0 Charles L Flynn Jr 287677 0 0 0 15453 0 29693 0 9283 0 342106 0 Madeleine Melkonian 132560 0 0 0 9000 0 4200 0 18868 0 164628 0 Schedule J, Part I Housing Allowance The College's President, Charles Flynn, receives a housing allowance from the College. New York Industrial development agency 132906040 649438bd9 2006-06-01 22117032 build and refurbish dorms false false false 2327032 0 22695250 1546137 0 0 1337172 0 0 18097967 0 0 2007 true false true true false false false false 0 true false true false 0 false 0 false true X X 11 136176 FMV X Antique Rug 1 4900 FMV X Piano 1 1550 FMV X miscellaneous 1 575 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 a nationally renowned accounting firm in conjunction with the organization's financial department. The Form 990 was presented to the audit committee in march of 2013 and a full copy of the draft form 990 was circulated to the Board of Trustees for discussion and comment. 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. Part XI, Line 5 Other Changes in Net Assets Unrealized Gains on Investments $ 159,233 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.