MARIST UNIVERSITY: Form 990, tax year 2011
View the entire original 990 at ProPublica ↗
- Organization
- MARIST UNIVERSITY (EIN 14-1442493)
- Tax period
- 2011-07-01 to 2012-06-30
- Filed
- 2013-05-14
- IRS object ID
- 201311349349303691
- Schema version
- 2011v1.5
- 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 D
- Schedule E
- Schedule F
- Schedule G
- Schedule I
- Schedule J
- Schedule K
- Schedule L
- Schedule M
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2013-05-14T13:01:51-05:00 | Timestamp |
| Tax Period End Date | 2012-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | GRANT THORNTON | 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 | 100174011 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2011-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 141442493 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Marist College | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| In Care Of Name | % JOHN PECCHIA CFO VP OF BA | InCareOfName |
| Name Control | MARI | NameControl |
| Phone | 8455753000 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3399 North Road | AddressLine1 |
| City | Poughkeepsie | City |
| State | NY | State |
| ZIP Code | 12601 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | JOHN PECCHIA | Name |
| Title | VP of B.A./CFO | Title |
| Phone | 2125990100 | Phone |
| Date Signed | 2013-05-13 | 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 | 2011 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | Dennis J Murray President | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3399 North Road | AddressLine1 |
| City | Poughkeepsie | City |
| State | NY | State |
| ZIP Code | 12601 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 271084967 | GrossReceipts |
| Group Return For Affiliates | false | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | marist.edu | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1946 | YearFormation |
| State Legal Domicile | NY | StateLegalDomicile |
| Activity Or Mission Description | MARIST IS DEDICATED TO HELPING STUDENTS DEVELOP THE INTELLECT, CHARACTER AND SKILLS REQUIRED FOR ENLIGHTENED, ETHICAL, AND PRODUCTIVE LIVES IN THE GLOBAL COMMUNITY OF THE 21ST CENTURY. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 29 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 27 | NbrIndependentVotingMembers |
| Total Nbr Employees | 3687 | TotalNbrEmployees |
| Total Nbr Volunteers | 199 | TotalNbrVolunteers |
| Total Gross UBI | 283501 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | -13894 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 9178866 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 8301820 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 177633208 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 184406332 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 6388412 | InvestmentIncomePriorYear |
| Investment Income Current Year | 5228393 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 2877267 | OtherRevenuePriorYear |
| Other Revenue Current Year | 3221352 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 196077753 | TotalRevenuePriorYear |
| Total Revenue Current Year | 201157897 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 38288159 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 40985940 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 81890419 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 83592897 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 2249458 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 55977887 | OtherExpensePriorYear |
| Other Expenses Current Year | 56940648 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 176156465 | TotalExpensesPriorYear |
| Total Expenses Current Year | 181519485 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 19921288 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 19638412 | RevenuesLessExpensesCY |
| Total Assets BOY | 458016639 | TotalAssetsBOY |
| Total Assets EOY | 457992335 | TotalAssetsEOY |
| Total Liabilities BOY | 156504299 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 135006099 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 301512340 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 322986236 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | MARIST COLLEGE ("MARIST") IS A COMPREHENSIVE, LIBERAL ARTS-BASED INSTITUTION WITH ITS 168 ACRE MAIN CAMPUS IN THE HUDSON RIVER VALLEY OF NEW YORK; A BRANCH CAMPUS IN FLORENCE, ITALY; THE RAYMOND A. RICH INSTITUTE FOR LEADERSHIP DEVELOPMENT IN ESOPUS, NY; EXTENSION CENTERS THROUGHOUT NEW YORK; AND EDUCATIONAL OFFERINGS AROUND THE WORLD THROUGH ITS ONLINE PROGRAMS. MARIST IS DISTINGUISHED BY ITS HIGH- QUALITY FACULTY, INNOVATIVE PROGRAM OFFERINGS, BEAUTIFUL CAMPUS, AND A TECHNOLOGICAL PLATFORM THAT IS COMPARABLE TO THE BEST RESEARCH UNIVERSITIES IN THE WORLD. FOR THE 10TH YEAR IN A ROW, MARIST WAS NAMED ONE OF "THE 377 BEST COLLEGES" IN AMERICA BY THE PRINCETON REVIEW, WHICH ALSO NAMED MARIST'S SCHOOL OF MANAGEMENT ONE OF "THE TOP 294 BUSINESS SCHOOLS", AND MARIST'S STUDY ABROAD PROGRAM ONE OF THE "TOP 20 MOST POPULAR STUDY ABROAD PROGRAMS." IN ADDITION, KIPLINGER'S PERSONAL FINANCE MAGAZINE AGAIN NAMED MARIST ONE OF THE "BEST VALUES" IN PRIVATE COLLEGE EDUCATION IN THE U.S. MARIST WAS N | MissionDescription |
| Significant New Program Services | false | SignificantNewProgramServices |
| Significant Change | false | SignificantChange |
| Expense | 137246116 | Expense |
| Grants | 40985940 | Grants |
| Revenue | 147943906 | Revenue |
| Description | Marist College is a highly selective, comprehensive liberal arts-based institution noted for its leadership in the use of technology in and out of the classroom. Marist is chartered by the State of New York and fully accredited by the Middle States Commission on Higher Education (MSCHE). Marist's student body is comprised of 5,442 undergraduate students and 861 graduate students with 43 bachelor's programs, 12 master's programs and 22 certificate programs. Founded in 1929, Marist's 228-acre campus overlooks the Hudson River in the heart of the historic Hudson Valley and is situated midway between New York City and Albany, the state capital. What started as a school for the training of future Marist Brothers has developed into one of the most selective colleges in the nation. Marist is ecumenical in character and reflects the ideals of the Marist Brothers' founder, St. Marcellin Champagnat: commitment to excellence in education, the importance of community, and dedication to the principle of service. Marist is dedicated to the development of the whole person in a way that will prepare our graduates to lead enlightened, ethical, and productive lives in the global community of the 21st century. | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 29722741 | Expense |
| Revenue | 36462426 | Revenue |
| Description | Marist College provides a variety of auxiliary services to both its students and employees in support of its educational mission. As part of the student experience, Marist offers a variety of college housing to over 3,200 students in corridor, suite, apartment, and townhouse-style residences. The residential life program at Marist is based upon the philosophy of providing students with a safe, healthy, and attractive living environment that supports and supplements the educational mission of the College. Students are housed using a "rites of passage" philosophy, which recognizes that a student's development should be supported by his/her living environment. Another large auxiliary function includes food service through both a resident and retail dining program. The main resident dining operation provides food on a daily basis to over 1,500 participants. The campus's six retail cafes, catering to an additional 1,800 participants, offer a wide selection of hot and cold drinks, soups, salads, sandwiches, and snacks. The campus dining experience is focused on culinary expertise, fresh local and regional ingredients, healthy options, and a shared sense of environmental and social responsibility. Other campus auxiliary services include a bookstore, computer store, and a campus/community debit card account known as Marist Money. Throughout all of the College's auxiliary services, an emphasis is placed on promoting sustainable practices where applicable and include, but are not limited to, educating faculty, staff, and students about the impact of their actions on the environment; identifying, establishing, and publicizing sustainability principles, goals, and best practices; providing a framework for guiding sustainable procedures, programs, and initiatives; and monitoring and reporting progress on campus sustainability initiatives. | Description |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expense | 166968857 | TotalProgramServiceExpense |
| Described In501 C3 | true | DescribedIn501C3 |
| Schedule B Required | true | ScheduleBRequired |
| Political Activities | false | PoliticalActivities |
| Lobbying Activities | false | LobbyingActivities |
| Subject To Proxy Tax | false | SubjectToProxyTax |
| Donor Advised Funds | false | DonorAdvisedFunds |
| Conservation Easements | false | ConservationEasements |
| Collections Of Art | false | CollectionsOfArt |
| Credit Counseling | false | 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 | false | ReportOtherAssets |
| Report Other Liabilities | true | ReportOtherLiabilities |
| Report Fin48 Footnote | true | ReportFin48Footnote |
| Independent Audit Financial Stmt | false | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | true | ConsolidatedAuditFinancialStmt |
| School | true | School |
| Foreign Office | true | 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 | true | 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 | true | LoanToOfficerOrDQP |
| Grant To Related Person | false | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | true | 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 | true | DeductibleContributionsOfArt |
| Terminated | false | Terminated |
| Partial Liquidation | false | PartialLiquidation |
| Disregarded Entity | true | DisregardedEntity |
| Related Entity | true | RelatedEntity |
| Related Org Controlled Entity | true | RelatedOrgControlledEntity |
| Transaction Related Entity | true | TransactionRelatedEntity |
| Transfers To Exempt Non Chrtbl Org | false | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | false | ActivitiesConductedPartnership |
| Schedule O Required | true | ScheduleORequired |
| Info In Schedule O Part V | X | InfoInScheduleOPartV |
| Number Forms Transmitted With1096 | 338 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 1 | NumberW2GIncluded |
| Compliance With Backup Witholding | true | ComplianceWithBackupWitholding |
| Number Of Employees | 3687 | NumberOfEmployees |
| Employment Tax Returns Filed | true | EmploymentTaxReturnsFiled |
| Unrelated Business Income | true | UnrelatedBusinessIncome |
| Form990-T Filed | true | Form990-TFiled |
| Foreign Financial Account | true | ForeignFinancialAccount |
| Name Of Foreign Country | SP | NameOfForeignCountry |
| Name Of Foreign Country | IT | NameOfForeignCountry |
| 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 | 29 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 27 | 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 | true | 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 |
| States Where Copy Of Return Is Filed | NY | StatesWhereCopyOfReturnIsFiled |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | JOHN PECCHIA CFO VP OF BA | NamePerson |
| Telephone Number | 8455753000 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3399 NORTH ROAD | AddressLine1 |
| City | POUGHKEEPSIE | City |
| State | NY | State |
| ZIP Code | 12601 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (43 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | OfficerOfficer | Other CompensationOtherCompensation | Key EmployeeKeyEmployee | Highest Compensated EmployeeHighestCompensatedEmployee | FormerFormer | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs |
|---|---|---|---|---|---|---|---|---|---|
| ROBERT R DYSON | |||||||||
| TRUSTEE | 1.0 | X | 0 | ||||||
| ELLEN M HANCOCK | |||||||||
| CHAIR | 2.0 | X | 0 | ||||||
| THOMAS J WARD | |||||||||
| TREASURER | 1.0 | X | 0 | ||||||
| ROSS A MAURI | |||||||||
| VICE CHAIR | 1.0 | X | 0 | ||||||
| ELIZABETH M WOLF | |||||||||
| ASSISTANT SECRETARY | 1.0 | X | 0 | ||||||
| JAMES A CANNAVINO | |||||||||
| TRUSTEE | 1.0 | X | 0 | ||||||
| JAMES M BARNES | |||||||||
| TRUSTEE | 1.0 | X | 0 | ||||||
| JAMES R BARNES | |||||||||
| SECRETARY | 1.0 | X | 0 | ||||||
| TIMOTHY G BRIER | |||||||||
| TRUSTEE | 1.0 | X | 0 | ||||||
| BRENDAN T BURKE | |||||||||
| TRUSTEE | 1.0 | X | 0 | ||||||
| GERARD E DAHOWSKI | |||||||||
| TRUSTEE | 1.0 | X | 0 | ||||||
| MARK V DENNIS | |||||||||
| TRUSTEE | 1.0 | X | 0 | ||||||
| MICHAEL C DUFFY | |||||||||
| TRUSTEE | 1.0 | X | 0 | ||||||
| STEVEN EFFRON | |||||||||
| TRUSTEE | 1.0 | X | 0 | ||||||
| MICHAEL G GARTLAND | |||||||||
| TRUSTEE | 1.0 | X | 0 | ||||||
| DR STANLEY E HARRIS | |||||||||
| TRUSTEE | 1.0 | X | 0 | ||||||
| DANIEL G HICKEYSR | |||||||||
| TRUSTEE | 1.0 | X | 0 | ||||||
| JAMES P HONAN | |||||||||
| TRUSTEE | 1.0 | X | 0 | ||||||
| BRO JAMES P KEARNEY | |||||||||
| TRUSTEE | 1.0 | X | 0 | ||||||
| PATRICK M LAVELLE | |||||||||
| TRUSTEE | 1.0 | X | 0 | ||||||
| CHRISTOPHER G MCCANN | |||||||||
| TRUSTEE | 1.0 | X | 0 | ||||||
| GENINE MCCORMICK | |||||||||
| TRUSTEE | 1.0 | X | 0 | ||||||
| JOHN P O'SHEA | |||||||||
| TRUSTEE | 1.0 | X | 0 | ||||||
| PATRICE M CONNELLY PANTELLO | |||||||||
| TRUSTEE | 1.0 | X | 0 | ||||||
| BRO SEAN SAMMON | |||||||||
| TRUSTEE | 1.0 | X | 0 | ||||||
| TIM TENNEY | |||||||||
| TRUSTEE | 1.0 | X | 0 | ||||||
| DR DENNIS J MURRAY | |||||||||
| PRESIDENT | 50.0 | X | 2563035 | X | 125113 | ||||
| DR SUSAN L COHEN | |||||||||
| TRUSTEE | 1.0 | X | 0 | ||||||
| LAURIE DEJONG | |||||||||
| TRUSTEE | 1.0 | X | 0 | ||||||
| DRGEOFFREY L BRACKETT | |||||||||
| EXECUTIVE VP | 50.0 | 327460 | X | 50750 | |||||
| JOHN PECCHIA | |||||||||
| VP BUSINESS AFFAIRS/CFO | 50.0 | 202718 | X | 21302 | |||||
| SEAN P KAYLOR | |||||||||
| VP ADMISSION & ENROLLMENT | 50.0 | 230062 | X | 44380 | |||||
| DR THOMAS WERMUTH | |||||||||
| VP ACAD AFFAIR DEAN OF FACULTY | 50.0 | 238762 | X | 34253 | |||||
| DEBORAH A DICAPRIO | |||||||||
| VP/DEAN OF STUDENT AFFAIRS | 50.0 | 200055 | X | 41414 | |||||
| WILLIAM T THIRSK | |||||||||
| VP & CHIEF INFORMATION OFFICER | 50.0 | 200110 | X | 28669 | |||||
| CHRISTOPHER DELGIORNO | |||||||||
| VP COLLEGE ADVANCEMENT | 50.0 | 147878 | X | 24132 | |||||
| DR JOHN RITSCHDORFF | |||||||||
| ASSOC.VP OF ACADEMIC AFFAIRS | 50.0 | 175314 | 33244 | X | |||||
| JOSE MARTIN | |||||||||
| BASKETBALL COACH | 50.0 | 221152 | 34828 | X | |||||
| DR ROGER NORTON | |||||||||
| DEAN, SCHOOL OF SCIENCE & MATH | 50.0 | 207622 | 37996 | X | |||||
| brian giorgis | |||||||||
| women's basketball coach | 50.0 | 168175 | 47706 | X | |||||
| DR LEE MIRINGHOFF | |||||||||
| DIRECTOR OF MIPO | 50.0 | 237704 | 31674 | X | |||||
| DR BARBARA CARVALHO | |||||||||
| DIRECTOR OF MARIST POLL | 50.0 | 199613 | 20350 | X | |||||
| DR ROY HMEROLLI | |||||||||
| FORMER EXECUTIVE VP | 50.0 | 322083 | 30932 | X | 0 | ||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 5641743 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 606743 | TotalOtherCompensation |
| Number Individuals GT100 K | 73 | NumberIndividualsGT100K |
| Formers Listed | true | FormersListed |
| Total Comp GT150 K | true | TotalCompGT150K |
| Compensation From Other Sources | false | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (5 entries)
| Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|
| SODEXO INC AND AFFILIATES | |
| FOOD SERVICE | 7275489 |
| RESIDENCE INN | |
| STUDENT HOUSING | 1624541 |
| ROBERT AM STERN ARCHITECTS | |
| ARCHITECTS | 1854500 |
| KIRCHHOFF CONSIGLI | |
| CONSTRUCTION | 7036926 |
| CASLER MASONRY INC | |
| MASON | 1551941 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 83 | NumberOfContractorsGT100K |
| Fundraising Events | 16511 | FundraisingEvents |
| Government Grants | 3585875 | GovernmentGrants |
| All Other Contributions | 4699434 | AllOtherContributions |
| Noncash Contributions | 287450 | NoncashContributions |
| Total Contributions | 8301820 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (2 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| TUITION & FEES | 611710 | 147943906 | 147943906 |
| ROOM & BOARD | 721310 | 36462426 | 36462426 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 184406332 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 2664755 | TotalRevenueColumn |
| Exclusion | $2,664,755 | ExclusionAmount |
Income From Invest Bond Proceeds IncomeFromInvestBondProceeds
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 463 | TotalRevenueColumn |
| Exclusion | $463 | ExclusionAmount |
Royalties Revenue RoyaltiesRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 72405661 | Securities |
| Other | 20943 | Other |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 69263872 | Securities |
| Other | 599557 | Other |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 3141789 | Securities |
| Other | -578614 | Other |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 2563175 | TotalRevenueColumn |
| Exclusion | $2,563,175 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Income Fundraising Events | 40867 | GrossIncomeFundraisingEvents |
| Cntrbtns Rprtd Fundraising Events | 16511 | CntrbtnsRprtdFundraisingEvents |
| Fundraising Direct Expenses | 44378 | FundraisingDirectExpenses |
Net Income From Fundraising Events NetIncomeFromFundraisingEvents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -3511 | TotalRevenueColumn |
| Exclusion | -$3,511 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Income Gaming | 107789 | GrossIncomeGaming |
| Gaming Direct Expenses | 19263 | GamingDirectExpenses |
Net Income From Gaming NetIncomeFromGaming
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 88526 | TotalRevenueColumn |
| Exclusion | $88,526 | ExclusionAmount |
Net Income Or Loss NetIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Other Revenue Misc OtherRevenueMisc (3 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | ExclusionExclusionAmount | Unrelated Business RevenueUnrelatedBusinessRevenue |
|---|---|---|---|---|
| STUDENT CLUB ACTIVITIES | 900099 | 1371512 | $1,371,512 | |
| ATHLETICS | 611600 | 1029394 | $1,029,394 | |
| SUMMER CAMP ACTIVITIES | 611600 | 283501 | 283501 |
Miscellaneous Revenue MiscellaneousRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 451930 | TotalRevenueColumn |
| Exclusion | $451,930 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 3136337 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 201157897 | TotalRevenueColumn |
| Related Or Exempt Function Income | 184406332 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 283501 | UnrelatedBusinessRevenue |
| Exclusion | $8,166,244 | 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 | 40985940 | Total |
| Program Services | 40985940 | 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 | 4982040 | Total |
| Program Services | 738980 | ProgramServices |
| Management And General | 3650804 | ManagementAndGeneral |
| Fundraising | 592256 | Fundraising |
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 | 55237316 | Total |
| Program Services | 53189913 | ProgramServices |
| Management And General | 1165071 | ManagementAndGeneral |
| Fundraising | 882332 | Fundraising |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 6477544 | Total |
| Program Services | 5711946 | ProgramServices |
| Management And General | 674256 | ManagementAndGeneral |
| Fundraising | 91342 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 12310804 | Total |
| Program Services | 11275438 | ProgramServices |
| Management And General | 868745 | ManagementAndGeneral |
| Fundraising | 166621 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 4585193 | Total |
| Program Services | 3948565 | ProgramServices |
| Management And General | 561339 | ManagementAndGeneral |
| Fundraising | 75289 | Fundraising |
Fees For Services Management FeesForServicesManagement
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 6954432 | Total |
| Program Services | 6729077 | ProgramServices |
| Management And General | 81143 | ManagementAndGeneral |
| Fundraising | 144212 | Fundraising |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 618685 | Total |
| Program Services | 28514 | ProgramServices |
| Management And General | 590171 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 386300 | Total |
| Program Services | 310838 | ProgramServices |
| Management And General | 75462 | 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 | 416760 | Total |
| Management And General | 416760 | ManagementAndGeneral |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1569756 | Total |
| Program Services | 1235386 | ProgramServices |
| Management And General | 311761 | ManagementAndGeneral |
| Fundraising | 22609 | Fundraising |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 791913 | Total |
| Program Services | 752150 | ProgramServices |
| Management And General | 39763 | ManagementAndGeneral |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 4882827 | Total |
| Program Services | 4126518 | ProgramServices |
| Management And General | 605218 | ManagementAndGeneral |
| Fundraising | 151091 | Fundraising |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 5544542 | Total |
| Program Services | 4674904 | ProgramServices |
| Management And General | 869638 | ManagementAndGeneral |
Royalties Royalties
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 7705969 | Total |
| Program Services | 7371536 | ProgramServices |
| Management And General | 310790 | ManagementAndGeneral |
| Fundraising | 23643 | Fundraising |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3549928 | Total |
| Program Services | 3242606 | ProgramServices |
| Management And General | 270991 | ManagementAndGeneral |
| Fundraising | 36331 | 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 | 912176 | Total |
| Program Services | 834301 | ProgramServices |
| Management And General | 73268 | ManagementAndGeneral |
| Fundraising | 4607 | Fundraising |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3586579 | Total |
| Program Services | 3121186 | ProgramServices |
| Management And General | 449985 | ManagementAndGeneral |
| Fundraising | 15408 | Fundraising |
Payments To Affiliates PaymentsToAffiliates
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 10557790 | Total |
| Program Services | 9856055 | ProgramServices |
| Management And General | 701735 | ManagementAndGeneral |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1155833 | Total |
| Program Services | 964219 | ProgramServices |
| Management And General | 191614 | ManagementAndGeneral |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral | FundraisingFundraising |
|---|---|---|---|---|
| INTERNATIONAL STUDIES | 3355658 | 3355158 | 500 | |
| ATHLETICS | 1202704 | 1196145 | 6559 | |
| HOSPITALITY | 956303 | 678499 | 234087 | 43717 |
| STUDENT MAINTENANCE EXPENSES | 980137 | 980137 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1812356 | Total |
| Program Services | 1660846 | ProgramServices |
| Management And General | 151510 | ManagementAndGeneral |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 181519485 | Total |
| Program Services | 166968857 | ProgramServices |
| Management And General | 12301170 | ManagementAndGeneral |
| Fundraising | 2249458 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 15046284 | BOY |
| EOY | 12139648 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 33292791 | BOY |
| EOY | 39764288 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5710303 | BOY |
| EOY | 2631703 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 6057785 | BOY |
| EOY | 4449723 | EOY |
Receivables From Officers Etc ReceivablesFromOfficersEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 60467 | BOY |
| EOY | 52975 | 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 | 6118119 | BOY |
| EOY | 5869738 | EOY |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 377377 | BOY |
| EOY | 351352 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2832199 | BOY |
| EOY | 2417816 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 376774959 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 136991591 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 231190992 | BOY |
| EOY | 239783368 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 138025621 | BOY |
| EOY | 136464977 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 10877734 | BOY |
| EOY | 10637947 | 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 | 8426967 | BOY |
| EOY | 3428800 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 458016639 | BOY |
| EOY | 457992335 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 18924732 | BOY |
| EOY | 16342130 | 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 | 6761416 | BOY |
| EOY | 6786143 | EOY |
Tax Exempt Bond Liabilities TaxExemptBondLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 92309992 | BOY |
| EOY | 85670509 | EOY |
Escrow Account Liability EscrowAccountLiability
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | 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 | 0 | BOY |
| EOY | 0 | EOY |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 44582 | BOY |
| EOY | 23148 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 38463577 | BOY |
| EOY | 26184169 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 156504299 | BOY |
| EOY | 135006099 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 239565400 | BOY |
| EOY | 264243441 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 37153116 | BOY |
| EOY | 33694436 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 24793824 | BOY |
| EOY | 25048359 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 301512340 | BOY |
| EOY | 322986236 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 458016639 | BOY |
| EOY | 457992335 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 19638412 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | 1835484 | ReconcilationOtherChanges |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | false | AccountantCompileOrReview |
| FS Audited | true | FSAudited |
| Audit Committee | true | AuditCommittee |
| Financial Statement Consolidated | X | FinancialStatementConsolidated |
| 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 D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Art Public Exhibition Amts | ArtPublicExhibitionAmts | |
| Held Works Of Art Amts | HeldWorksOfArtAmts |
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 44454456 | BeginningOfYearBalance |
| Contributions | 572432 | Contributions |
| Investment Earnings Or Losses | -1462091 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 395479 | GrantsOrScholarships |
| Other Expenditures | 280474 | OtherExpenditures |
| End Of Year Balance | 42888844 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 39159130 | BeginningOfYearBalance |
| Contributions | 777180 | Contributions |
| Investment Earnings Or Losses | 4921221 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 403075 | GrantsOrScholarships |
| End Of Year Balance | 44454456 | EndOfYearBalance |
Current Year Minus2 Years CurrentYearMinus2Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 29991135 | BeginningOfYearBalance |
| Contributions | 7771725 | Contributions |
| Investment Earnings Or Losses | 1597729 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 451459 | GrantsOrScholarships |
| Administrative Expenses | -250000 | AdministrativeExpenses |
| End Of Year Balance | 39159130 | EndOfYearBalance |
Current Year Minus3 Years CurrentYearMinus3Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 30178049 | BeginningOfYearBalance |
| Contributions | 840568 | Contributions |
| Investment Earnings Or Losses | -248421 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 481103 | GrantsOrScholarships |
| Other Expenditures | 261958 | OtherExpenditures |
| Administrative Expenses | 36000 | AdministrativeExpenses |
| End Of Year Balance | 29991135 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated EOY Balance | 0.16320 | BoardDesignatedEOYBalance |
| Permanent Endowment EOY Balance | 0.58400 | PermanentEndowmentEOYBalance |
| Term Endowment EOY Balance | 0.25280 | TermEndowmentEOYBalance |
| Endowments Held By Unrelated Orgs | false | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | false | EndowmentsHeldByRelatedOrgs |
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 0 | InvestmentCostOrOtherBasis |
| Other Cost Or Other Basis | 7397205 | OtherCostOrOtherBasis |
| Book Value | 7397205 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 0 | InvestmentCostOrOtherBasis |
| Other Cost Or Other Basis | 212759290 | OtherCostOrOtherBasis |
| Depreciation | 67508186 | Depreciation |
| Book Value | 145251104 | BookValue |
Leasehold Improvements LeaseholdImprovements
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 89941637 | OtherCostOrOtherBasis |
| Depreciation | 25054419 | Depreciation |
| Book Value | 64887218 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 53489744 | OtherCostOrOtherBasis |
| Depreciation | 42266017 | Depreciation |
| Book Value | 11223727 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 13187083 | OtherCostOrOtherBasis |
| Depreciation | 2162969 | Depreciation |
| Book Value | 11024114 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 239783368 | TotalOfBookValueLandBuildings |
| Federal Income Tax Liability | 0 | FederalIncomeTaxLiability |
Other Liabilities OtherLiabilities (5 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| ACCRUED POST-RETIREMENT BENEFITS | $8,577,334 |
| CAPITAL LEASE OBLIGATIONS | $1,157,103 |
| ANNUITIES PAYABLE | $528,684 |
| US GOV'T GRANTS REFUNDABLE | $5,264,139 |
| OTHER LIABILITIES | $10,656,909 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 26184169 | TotalOfAmounts |
| Total Revenue | 201157897 | TotalRevenue |
| Total Expenses | 181519485 | TotalExpenses |
| Excess Or Deficit For Year | 19638412 | ExcessOrDeficitForYear |
| Net Unrealized GL On Investments | -8714982 | NetUnrealizedGLOnInvestments |
| Other | $11,494,127 | OtherAmount |
| Total Adjustments | 2779145 | TotalAdjustments |
| Excess Or Deficit Per FS | 22417557 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 151456975 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | -8714982 | NetUnrealizedGainsInvestments |
| Revenue Not Rptd F990 | -8714982 | RevenueNotRptdF990 |
| Revenue Subtotal | 160171957 | RevenueSubtotal |
| Other Revenues Not Included | 40985940 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | 40985940 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 201157897 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 140617160 | TotExpensesEtcAuditedFinclStmt |
| Other Expenses Included | 83615 | OtherExpensesIncluded |
| Expenses Not Rptd F990 | 83615 | ExpensesNotRptdF990 |
| Expenses Subtotal | 140533545 | ExpensesSubtotal |
| Other Expenses Not Included | 40985940 | OtherExpensesNotIncluded |
| Expenses Not Rptd On Fin Stmt | 40985940 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 181519485 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (5 entries)
| IdentifierIdentifier | ExplanationExplanation | Return ReferenceReturnReference |
|---|---|---|
| PART XII, LINE 4B | SCHOLARSHIPS 40,958,940 | |
| PART XIII, LINE 4B | SCHOLARSHIPS 40,985,940 | |
| PART XI, LINE 8 | FASB 158 ADJUSTMENT 17,583,685 CHANGE IN VALUE INTEREST RATE SWAP -5,300,952 MRPS DEPRECIATION -83,615 LOSS ON REDEMPTION OF BONDS -704,991 | |
| PART XIII, LINE 2D | MRPS DEPRECIATION 83,615 | |
| FIN 48 Disclosure | Tax effects from an uncertain tax position are recognized in the consolidated 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 position might be challenged. The College is exempt from income tax under IRC Section 501(c)(3), though it is subject to tax on income unrelated to its exempt purposes, 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. | Part X, Line 2 |
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 |
|---|---|
| SCHEDULE E, LINE 3 | The college publicizes its racially nondiscriminatory policy on its WEBSITE to make the policy known to all parts of the general community it serves. |
| SCHEDULE E, LINE 6A | THE COLLEGE RECEIVES FINANCIAL AID AND OTHER GRANTS FROM FEDERAL AND STATE agencies. |
Schedule F IRS990ScheduleF
Accts Actvs Out US Table AcctsActvsOutUSTable (5 entries)
| RegionRegion | Number Of OfficesNumberOfOffices | Number Of EmployeesNumberOfEmployees | Type Of Activities ConductedTypeOfActivitiesConducted | Specific Services ProvidedSpecificServicesProvided | Total ExpendituresTotalExpenditures |
|---|---|---|---|---|---|
| Europe (Including Iceland and Greenland) | 2 | 5 | Program Services | Admin & Education | 4955709 |
| Central America and the Caribbean | 0 | 0 | Program Services | Educational | 64333 |
| East Asia and the Pacific | 0 | 0 | Program Services | Educational | 590742 |
| Sub-Saharan Africa | 0 | 0 | Program Services | Educational | 78748 |
| Central America and the Caribbean | 0 | 0 | Investments | Hedge Funds | 10637947 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Number Of Offices | 2 | SubtotalNumberOfOffices |
| Subtotal Number Of Employees | 5 | SubtotalNumberOfEmployees |
| Total Number Of Offices | 2 | TotalNumberOfOffices |
| Total Number Of Employees | 5 | TotalNumberOfEmployees |
| Subtotal Amount Spent | 16327479 | SubtotalAmountSpent |
| Total Amount Spent | 16327479 | TotalAmountSpent |
| Transfer To Foreign Corp | false | TransferToForeignCorp |
| Interest In Foreign Trust | false | InterestInForeignTrust |
| Own Foreign Corp | false | OwnForeignCorp |
| Passive Foreign Invest Co | false | PassiveForeignInvestCo |
| Foreign Partnership | false | ForeignPartnership |
| Boycott Countries | false | BoycottCountries |
Schedule G IRS990ScheduleG
Events Information EventsInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Event1 | RED FOX GOLF | NameOfEvent1 |
| Gross Receipts Event1 | 21990 | GrossReceiptsEvent1 |
| Charitable Contributions Event1 | 7295 | CharitableContributionsEvent1 |
| Gross Revenue Event1 | 14695 | GrossRevenueEvent1 |
| Cash Prizes Event1 | 1600 | CashPrizesEvent1 |
| Non Cash Prizes Event1 | 2936 | NonCashPrizesEvent1 |
| Rent Facility Costs Event1 | 6783 | RentFacilityCostsEvent1 |
| Other Direct Expenses Event1 | 1432 | OtherDirectExpensesEvent1 |
| Name Of Event2 | ALUMNI GOLF | NameOfEvent2 |
| Gross Receipts Event2 | 13660 | GrossReceiptsEvent2 |
| Charitable Contributions Event2 | 2825 | CharitableContributionsEvent2 |
| Gross Revenue Event2 | 10835 | GrossRevenueEvent2 |
| Non Cash Prizes Event2 | 1477 | NonCashPrizesEvent2 |
| Rent Facility Costs Event2 | 10339 | RentFacilityCostsEvent2 |
| Other Direct Expenses Event2 | 4902 | OtherDirectExpensesEvent2 |
| Total Number Of Other Events | 3 | TotalNumberOfOtherEvents |
| Gross Receipts Other Events | 21728 | GrossReceiptsOtherEvents |
| Charitable Contrib Other Events | 6391 | CharitableContribOtherEvents |
| Gross Revenue Other Events | 15337 | GrossRevenueOtherEvents |
| Rent Facility Costs Other Events | 9445 | RentFacilityCostsOtherEvents |
| Other Direct Expenses Other Events | 5464 | OtherDirectExpensesOtherEvents |
| Gross Receipts Total | 57378 | GrossReceiptsTotal |
| Charitable Contributions Total | 16511 | CharitableContributionsTotal |
| Gross Revenue Total Events | 40867 | GrossRevenueTotalEvents |
| Cash Prizes Total Events | 1600 | CashPrizesTotalEvents |
| Non Cash Prizes Total Events | 4413 | NonCashPrizesTotalEvents |
| Rent Facility Costs Total Events | 26567 | RentFacilityCostsTotalEvents |
| Other Direct Expenses Total Events | 11798 | OtherDirectExpensesTotalEvents |
| Direct Expense Summary Events | 44378 | DirectExpenseSummaryEvents |
| Net Income Summary | -3511 | NetIncomeSummary |
Gaming Information GamingInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Revenue Other Gaming | 107789 | GrossRevenueOtherGaming |
| Cash Prizes Other Gaming | 1500 | CashPrizesOtherGaming |
| Non Cash Prizes Other Gaming | 13400 | NonCashPrizesOtherGaming |
| Other Direct Expenses Other Gaming | 4363 | OtherDirectExpensesOtherGaming |
| Volunteer Labor Other Gaming | true | VolunteerLaborOtherGaming |
| Volunteer Labor Prcnt Other Gaming | 1.00000 | VolunteerLaborPrcntOtherGaming |
| Gross Revenue Total Gaming | 107789 | GrossRevenueTotalGaming |
| Cash Prizes Total Gaming | 1500 | CashPrizesTotalGaming |
| Non Cash Prizes Total Gaming | 13400 | NonCashPrizesTotalGaming |
| Other Direct Expenses Total Gaming | 4363 | OtherDirectExpensesTotalGaming |
| Direct Expense Summary Gaming | 19263 | DirectExpenseSummaryGaming |
| Net Gaming Income Summary | 88526 | NetGamingIncomeSummary |
| Field | Value | IRS element (for citing) |
|---|---|---|
| States Where Gaming Conducted | NY | StatesWhereGamingConducted |
| Licensed | true | Licensed |
| License Suspended Etc | false | LicenseSuspendedEtc |
| Gaming With Nonmembers | false | GamingWithNonmembers |
| Member Of Other Entity | false | MemberOfOtherEntity |
| Percentage Of Gaming Own Facility | 1.00000 | PercentageOfGamingOwnFacility |
| Name Of Gaming Rec Keeper Person | TRAVIS TELLITOCCI | NameOfGamingRecKeeperPerson |
Address Of Gaming Rec Keeper US AddressOfGamingRecKeeperUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3399 NORTH ROAD | AddressLine1 |
| City | POUGHKEEPSIE | City |
| State | NY | State |
| ZIP Code | 12601 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contract With3rd Party For Gam Rev | false | ContractWith3rdPartyForGamRev |
| Gaming Manager Name Person | TIM MURRAY | GamingManagerNamePerson |
| Gaming Manager Compensation | 0 | GamingManagerCompensation |
| Gaming Manager Services Provided | OVERSEES ALL ASPECTS OF GAMING ACTIVITIES | GamingManagerServicesProvided |
| Gaming Manager Is Employee | X | GamingManagerIsEmployee |
| Charitable Distrib Required | false | CharitableDistribRequired |
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 | INSTITUTIONAL SCHOLARSHIP | TypeOfGrant |
| Number Of Recipients | 6489 | NumberOfRecipients |
| Amount Of Cash Grant | 40985940 | AmountOfCashGrant |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | ORGANIZATION'S PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS | Identifier |
| Return Reference | PART 1, LINE 2 | ReturnReference |
| Explanation | SCHOLARSHIPS ARE CREDITED TO THE STUDENT'S ACCOUNT AND THEREFORE MONITORING IS NOT NEEDED. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Idemnification Gross Up Payments | X | IdemnificationGrossUpPayments |
| Housing Allowance Or Residence | X | HousingAllowanceOrResidence |
| Club Dues Or Fees | X | ClubDuesOrFees |
| Written Policy Re T And E Expenses | true | WrittenPolicyReTAndEExpenses |
| Compensation Committee | X | CompensationCommittee |
| Independent Consultant | X | IndependentConsultant |
| Form990 Of Other Organizations | X | Form990OfOtherOrganizations |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | false | SeverancePayment |
| Supplemental Nonqual Retire Plan | true | 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 (15 entries)
| Base Compensation Filing OrgBaseCompensationFilingOrg | Comp Based On Related OrgsCompBasedOnRelatedOrgs | Bonus Filing OrgBonusFilingOrg | Other Compensation Filing OrgOtherCompensationFilingOrg | Deferred Comp Filing OrgDeferredCompFilingOrg | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Total Compensation Filing OrgTotalCompensationFilingOrg | Total Compensation Related OrgsTotalCompensationRelatedOrgs | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg | Bonus Related OrgsBonusRelatedOrgs | Other Compensation Related OrgsOtherCompensationRelatedOrgs | Deferred Comp Related OrgsDeferredCompRelatedOrgs | Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| DR DENNIS J MURRAY | ||||||||||||
| 431650 | 0 | 150000 | 1981385 | 89181 | 35932 | 2688148 | 0 | 70258 | ||||
| DR ROY HMEROLLI | ||||||||||||
| 265050 | 0 | 17500 | 39533 | 29400 | 1532 | 353015 | 0 | 0 | 0 | 0 | 0 | 0 |
| DRGEOFFREY L BRACKETT | ||||||||||||
| 294700 | 15000 | 17760 | 57078 | 18673 | 403211 | 0 | ||||||
| JOHN PECCHIA | ||||||||||||
| 182400 | 15000 | 5318 | 14250 | 7053 | 224021 | 0 | ||||||
| SEAN P KAYLOR | ||||||||||||
| 213758 | 15000 | 1304 | 25910 | 18470 | 274442 | 0 | ||||||
| DR THOMAS WERMUTH | ||||||||||||
| 222750 | 15000 | 1012 | 27000 | 7253 | 273015 | 0 | ||||||
| DEBORAH A DICAPRIO | ||||||||||||
| 171898 | 15000 | 13157 | 22582 | 18833 | 241470 | 0 | ||||||
| WILLIAM T THIRSK | ||||||||||||
| 180138 | 15000 | 4972 | 14073 | 14597 | 228780 | 0 | ||||||
| DR JOHN RITSCHDORFF | ||||||||||||
| 167814 | 7500 | 18647 | 14597 | 208558 | 0 | |||||||
| JOSE MARTIN | ||||||||||||
| 214865 | 6287 | 15996 | 18832 | 255980 | 0 | |||||||
| DR ROGER NORTON | ||||||||||||
| 192622 | 15000 | 23400 | 14597 | 245619 | 0 | |||||||
| brian giorgis | ||||||||||||
| 123703 | 21777 | 22695 | 40453 | 7253 | 215881 | 0 | ||||||
| DR LEE MIRINGHOFF | ||||||||||||
| 221707 | 15000 | 997 | 17173 | 14502 | 269379 | 0 | ||||||
| DR BARBARA CARVALHO | ||||||||||||
| 184613 | 15000 | 13097 | 7253 | 219963 | 0 | |||||||
| CHRISTOPHER DELGIORNO | ||||||||||||
| 136333 | 5000 | 6545 | 10000 | 14132 | 172010 | 0 | ||||||
Form990 Schedule J Part III Form990ScheduleJPartIII (3 entries)
| IdentifierIdentifier | ExplanationExplanation | Return ReferenceReturnReference |
|---|---|---|
| SCHEDULE J, PART I, Line 1a | Schedule J, Part I, Question 1a. - Housing Allowance or Residence for Personal Use - The President of the College is provided off campus housing as a condition of his employment. The fair market value of the President's residence was estimated to be $21,335 based on the value of property, property taxes, and maintenance expenses and is reported in column D on Schedule J. Schedule J, Part I, Question 1a. - Health or Social Club Dues or Initiation Fees - The College pays social club membership fees for three executives, which are intended to be used exclusively for the College's business entertainment or college sponsored events and to the extent there is any personal use of these privileges the individual executives are taxed on the value of the use. Schedule J, Part I, Question 1a. - Tax indemnification and gross-up payments - The College provided $22,650 additional gross-up payment to fund the President's pension plan, this amount is included in box Biii on Schedule J. | |
| Schedule J, Part I, Question 4b | THE COLLEGE HAS IN PLACE A NON-QUALIFIED SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN (SERP) FOR THE PRESIDENT OF THE COLLEGE, WHO BY THE AGE OF 65 WILL HAVE PROVIDED 33 YEARS OF SERVICE TO THE COLLEGE, AS ITS PRESIDENT. THE DESIGN OF THE BENEFIT IS INTENDED TO PROVIDE THE PRESIDENT WITH A COMBINED TARGET RETIREMENT INCOME REPLACEMENT RATIO OF 75% OF HIS FINAL THREE YEAR AVERAGE SALARY, INCORPORATING ADDITIONAL ELEMENTS OF RETIREMENT FUNDED BY THE COLLEGE OVER THE COURSE OF HIS TENURE THROUGH THE BROAD BASED DEFINED CONTRIBUTION PLAN (WHICH IS SUBJECT TO IRS IMPOSED LIMITS ON RECOGNIZED COMPENSATION) AND THE SERP IS SUBJECT TO A SUBSTANTIAL RISK OF FORFEITURE THROUGH JUNE 30, 2011. UNDER THE GUIDANCE OF OUR LEGAL COUNSEL, THE CURRENT BENEFIT WHICH WAS FULLY VESTED, WAS PAID DURING 2011 IN THE AMOUNT OF $1,935,935. THE AMOUNT WAS REPORTED IN BOX Biii ON SCHEDULE J. EFFECTIVE JULY 1, 2011, THE COLLEGE PUT IN PLACE A NEW NON-QUALIFIED SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN (SERP) FOR THE PRESIDENT OF THE COLLEGE. The annual accruals for these benefits have been reported despite being subject to a substantial risk of forfeiture and contingent upon the president's continued employment at the College. The value of the accrual for calendar year 2011 is included in the Deferred Compensation column (Column C) of Schedule J. The College has in place a Non-qualified Deferred Compensation Plan for the Executive Vice President of the College. The annual accruals for these benefits have been reported despite being subject to a substantial risk of forfeiture and contingent upon the executive's continued employment at the College. The value of the accrual for calendar year 2011 is included in the Deferred Compensation column (Column C) of Schedule J. | Supplemental nonqualified retirement plan |
| SCHEDULE J, PART 1, LINE 3 | SCHEDULE J, PART 1, LINE 3- COMPENSATION COMMITTEE AND INDEPENDENT COMPENSATION CONSULTANT, NO NEW EXECUTIVES WERE HIRED IN FY12 REQUIRING THE COMMITTEE OR CONSULTANT. |
Schedule K IRS990ScheduleK
Form990 Schedule K Part I Form990ScheduleKPartI (3 entries)
| Issuer EINIssuerEIN | CUSIP NumberCUSIPNumber | Date IssuedDateIssued | Issue PriceIssuePrice | Description Of PurposeDescriptionOfPurpose | DefeasedDefeased | On Behalf Of IssuerOnBehalfOfIssuer | Pool FinancingPoolFinancing |
|---|---|---|---|---|---|---|---|
| DUTCHESS COUNTY IDA | |||||||
| 141613685 | 267041FJ5 | 2005-03-23 | 20000000 | STUDENT HOUSING FULTON | false | false | false |
| DUTCHESS COUNTY IDA | |||||||
| 141613685 | 267041GN5 | 2008-01-25 | 20000000 | STUDENT HOUSING FULTON | false | false | false |
| DUTCHESS COUNTY LOCAL DEVELOPMENT CORPORATION | |||||||
| 273106797 | 267045BL5 | 2012-05-17 | 15415962 | REFUND 2003 BONDS (90&92 BONDS) | false | false | false |
Form990 Schedule K Part II Form990ScheduleKPartII (3 entries)
| Amount RetiredAmountRetired | Amount Bond DefeasedAmountBondDefeased | Total ProceedsTotalProceeds | Amount In Reserve FundAmountInReserveFund | Capitalized InterestCapitalizedInterest | Refunding EscrowRefundingEscrow | Issuance Costs From ProceedsIssuanceCostsFromProceeds | Credit EnhancementCreditEnhancement | Working Capital ExpendituresWorkingCapitalExpenditures | Capital ExpendituresCapitalExpenditures | Other Spent ProceedsOtherSpentProceeds | Amount UnspentAmountUnspent | Year Of Subst CompletionYearOfSubstCompletion | Current RefundingCurrentRefunding | Advance RefundingAdvanceRefunding | Final Allocation MadeFinalAllocationMade | Adequate Books And Recds MaintaindAdequateBooksAndRecdsMaintaind |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 0 | 0 | 20000000 | 0 | 0 | 0 | 540012 | 50000 | 0 | 18801024 | 359000 | 0 | 2006 | false | false | true | true |
| 0 | 0 | 20000000 | 0 | 0 | 0 | 504756 | 81184 | 0 | 19414060 | 0 | 0 | 2008 | false | false | true | true |
| 0 | 0 | 15415962 | 0 | 0 | 0 | 116944 | 0 | 0 | 0 | 52804 | 0 | 2012 | false | true | true | true |
Form990 Schedule K Part III Form990ScheduleKPartIII (3 entries)
| Owning Bond Financed PropertyOwningBondFinancedProperty | Any Lease ArrangementsAnyLeaseArrangements | Mngment Cntrct Bond Financd PrprtyMngmentCntrctBondFinancdPrprty | Any Research AgreementsAnyResearchAgreements | Prcntge Prvt Business Use By OthersPrcntgePrvtBusinessUseByOthers | Post Issuance Compliance ProcdrsPostIssuanceComplianceProcdrs |
|---|---|---|---|---|---|
| false | false | false | false | 0 | true |
| false | false | false | false | 0 | true |
| false | false | false | false | 0 | true |
Form990 Schedule K Part IV Form990ScheduleKPartIV (3 entries)
| Form8038 T FiledForm8038TFiled | Variable Rate IssueVariableRateIssue | Hedge Identified In Books And RecdsHedgeIdentifiedInBooksAndRecds | Term Of HedgeTermOfHedge | Hedge TerminatedHedgeTerminated | Business Name Line1NameOfGICProvider/BusinessNameLine1 | Gross Proceeds InvestedGrossProceedsInvested | Exception To RebateExceptionToRebate | Gross Proceeds Invested In GICGrossProceedsInvestedInGIC |
|---|---|---|---|---|---|---|---|---|
| MORGAN STANLEY | ||||||||
| false | true | true | 28. | false | 0 | false | false | |
| 0 | ||||||||
| false | true | false | 0 | false | false | false | ||
| 0 | ||||||||
| false | false | false | 0 | false | false | false | ||
Form990 Schedule K Part VI Form990ScheduleKPartVI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | PART V - PROCEDURES TO UNDERTAKE CORRECTIVE ACTION | Identifier |
| Return Reference | 0 | ReturnReference |
| Explanation | MARIST COLLEGE IS IN THE PROCESS OF ESTABLISHING A WRITTEN REMEDIATION POLICY. | Explanation |
Schedule L IRS990ScheduleL
Loan Table LoanTable
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | JOSE MARTIN | NamePerson |
| Purpose Of Loan | MORTGAGE | PurposeOfLoan |
| Loan From Organization | X | LoanFromOrganization |
| Original Principal | $75,000 | OriginalPrincipalAmount |
| Balance Due | 52975 | BalanceDue |
| Default | false | Default |
| Approved By Board | false | ApprovedByBoard |
| Written Agreement | true | WrittenAgreement |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Balance Due | 52975 | TotalBalanceDue |
Form990 Schedule L Part IV Form990ScheduleLPartIV
Name Of Interested Person NameOfInterestedPerson
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | M GARTLAND | NamePerson |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Relationship | TRUSTEE | Relationship |
| Amount Of Transaction | 187175 | AmountOfTransaction |
| Description Of Transaction | LEGAL SERVICE | DescriptionOfTransaction |
| Sharing Of Revenues | false | SharingOfRevenues |
Form990 Schedule L Part V Form990ScheduleLPartV (2 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| LOANS TO AND/OR FROM INTERESTED PERSON | SCHEDULE L, PART II | THE PURPOSE OF THE LOAN WAS TO ASSIST MR. MARTIN WITH THE DOWN PAYMENT ON THE PURCHASE OF A LOCAL RESIDENCE. THE TERMS OF THE PROMISSORY NOTE ARE FIVE YEARS AT A RATE OF 5% PER ANNUM. |
| BUSINESS TRANSACTIONS | SCHEDULE L, PART IV | THE LAW FIRM OF CORBALLY, GARTLAND & RAPPLEYEA (CGR) PROVIDES COUNSEL FOR THE COLLEGE ON SOME LEGAL MATTERS. THE COLLEGE USES THE SERVICES OF FOUR ATTORNEYS AT CGR WITH MR. MICHAEL GARTLAND, WHO SERVES ON OUR BOARD OF TRUSTEES, BEING ONE OF THE FOUR. MR. GARTLAND'S SERVICES GENERALLY PERTAIN TO BOND ISSUES AND ASSOCIATED LETTERS OF CREDIT, AND OCCASIONAL PROPERTY TRANSACTIONS. IT SHOULD BE NOTED THAT THE COLLEGE USES THREE OTHER LEGAL FIRMS FOR ASSISTANCE IN SUCH AREAS AS EMPLOYEE RELATIONS, ENVIRONMENTAL,AND ATHLETIC MATTERS. Mr. Gartland DISCLOSED THE PRECISE NATURE OF HIS INTEREST OR INVOLVEMENT IN THE TRANSACTION, REFRAINED FROM PARTICIPATING IN CONSIDERATION OF THE PROPOSED TRANSACTION, AND WAS PROHIBITED FROM DISCUSSING THE ISSUE WITH THE OFFICERS OF THE COLLEGE OR VOTING ON THE MATTER. |
Schedule M IRS990ScheduleM
| Field | Value | IRS element (for citing) |
|---|---|---|
| Works Of Art | WorksOfArt |
Art Historical Treasures ArtHistoricalTreasures
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 1 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 6412 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | APPRAISAL VALUE | MethodOfDeterminingRevenues |
| Field | Value | IRS element (for citing) |
|---|---|---|
| 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 | 18 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 49680 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | AVG. PRICE DOT | 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 | EQUIPMENT | 3 | 141011 | EST. MARKET VALUE |
| X | FURNITURE | 2 | 90347 | EST. APPRAISAL VALUE |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of8283 Received | 1 | NumberOf8283Received |
| 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 (2 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| THIRD PARTY TO SOLICIT, PROCESS AND SELL NONCASH CONTRIBUTIONS | PART I, LINE 32B | MERRILL LYNCH IS THE COLLEGE'S BROKER THAT HANDLES ALL TRANSACTIONS FOR DONATED SECURITIES. |
| EXPLANATION OF NONCASH CONTRIBUTIONS | COLUMN B | MARIST COLLEGE REPORTS THE NUMBER OF CONTRIBUTIONS RECEIVED IN COLUMN B, NOT THE NUMBER OF ITEMS. |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (6 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| ORGANIZATION'S REVIEW PROCESS OF FORM 990 | FORM 990, PART VI, LINE 11B | THE 990 WAS REVIEWED Internally, APPROVED BY THE CFO and then provided to an independent accounting firm for review. THE 990 WAS then PRESENTED TO THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES FOR REVIEW AND APPROVAL. COPIES OF THE complete 990 ARE PROVIDED TO ALL BOARD MEMBERS FOR REVIEW AND DISCUSSION PRIOR TO FILING. |
| ENFORCEMENT AND COMPLIANCE OF CONFLICTS OF INTEREST POLICY | FORM 990, PART VI, LINE 12C | As an on-going practice and as required by our Code of Ethics, all trustees are required to complete Conflict of Interest Statements on an annual basis in which they are asked to discuss any business relationships they or a member of their families have with the College. Our Code of Ethics requires that all cabinet members and staff who engage in significant business dealings for the College (e.g., Director of Physical Plant) complete a Conflict of Interest Statement annually. Completed statements that indicate a potential conflict of interest are reviewed by the Chief Financial Officer, Associate Vice President for Human Resources, and the Executive Vice President. If a conflict exists, appropriate action is taken to ensure full disclosure or termination of the arrangement. |
| COMPENSATION PROCESS FOR TOP MANAGEMENT OFFICIAL | FORM 990, PART VI, LINE 15A | THE COMPENSATION AND RETIREMENT PROGRAM FOR THE PRESIDENT WAS BASED ON A COMPREHENSIVE ANALYSIS CONDUCTED BY THE HAY GROUP, A PROMINENT EXECUTIVE COMPENSATION CONSULTING FIRM. THE PRESIDENT'S CONTRACT WAS RECOMMENDED BY THE BOARD COMMITTEE ON PRESIDENTAL REVIEW AND COMPENSATION (RESPONSIBLE FOR PRESIDENTIAL EVALUATION AND COMPENSATION), AND APPROVED BY THE FULL BOARD OF TRUSTEES. THE PRESIDENT'S PERFORMANCE IS REVIEWED ON AN ANNUAL BASIS BY THE COMMITTEE ON PRESIDENTAL REVIEW AND COMPENSATION AND CHANGES IN COMPENSATION ARE RECOMMENDED TO THE FULL BOARD FOR APPROVAL. THE COMMITTEE ON PRESIDENTIAL REVIEW AND COMPENSATION BASES ITS RECOMMENDATIONS FOR ADJUSTMENTS ON PERFORMANCE AND A REVIEW OF APPROPRIATE COLLEGE AND UNIVERSITY PERSONNEL ASSOCIATION (CUPA) DATA ON PRESIDENTIAL COMPENSATION AND THE PROCESS AND DECISION IS CONTEMPORANEOUSLY DOCUMENTED IN THE MINUTES. |
| COMPENSATION PROCESS FOR OFFICERS AND KEY EMPLOYEES | FORM 990, PART VI, LINE 15B | SENIOR OFFICER COMPENSATION IS ESTABLISHED AFTER A REVIEW OF COMPENSATION DATA FROM CUPA AT PRIVATE INSTITUTIONS OF HIGHER EDUCATION BASED ON ANNUAL BUDGET SIZE AND ENROLLMENT. IN ADDITION TO SALARY COMPARABILITY AT OTHER INSTITUTIONS, PERFORMANCE AND YEARS OF SERVICE IN THE POSITION ARE ALSO FACTORS CONSIDERED BY THE PRESIDENT IN DETERMINING A SENIOR OFFICER'S ANNUAL SALARY. ONCE THE PRESIDENT HAS COMPLETED HIS REVIEW OF SENIOR OFFICER COMPENSATION, THE PRESIDENT'S RECOMMENDATIONS ARE BROUGHT TO THE BOARD'S TRUSTEESHIP COMMITTEE FOR REVIEW AND APPROVAL. |
| GOVERNING DOCUMENTS DISCLOSURE | FORM 990, PART VI, LINE 19 | THE COLLEGE'S GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST FROM THE OFFICE OF THE CHIEF FINANCIAL OFFICER. THE FINANCIAL STATEMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE ON THE COLLEGE'S WEBSITE AT MARIST.EDU. |
| Other Changes in Net Assets | Form 990, Part XI, Line 5 | Net Unrealized Gains on Investments (8,714,982) Net Loss on Redemption of Bonds (704,991) Change in Fair Value of Interest Rate Swap Obligations (5,300,952) Pension & Post-Retirement Related Changes 17,583,685 Other Non-Operating Changes Related to Change in Fixed Assets (1,027,276) ----------- 1,835,484 |
Schedule R IRS990ScheduleR
Form990 Schedule R Part I Form990ScheduleRPartI
Name Of Disregarded Entity NameOfDisregardedEntity
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | VAYU LLC | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3399 NORTH ROAD | AddressLine1 |
| City | POUGHKEEPSIE | City |
| State | NY | State |
| ZIP Code | 12601 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Primary Activities | EDUCATIONAL | PrimaryActivities |
| Legal Domicile State | NY | LegalDomicileState |
| Total Income | 0 | TotalIncome |
| EOY Assets | 15146872 | EOYAssets |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MARIST COL | BusinessNameLine1 |
Form990 Schedule R Part II Form990ScheduleRPartII
Name Of Disregarded Entity NameOfDisregardedEntity
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MARIST REAL PROPERTY SERVICES INC | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3399 NORTH ROAD | AddressLine1 |
| City | POUGHKEEPSIE | City |
| State | NY | State |
| ZIP Code | 12601 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 141785087 | EIN |
| Primary Activities | REAL PROP | PrimaryActivities |
| Legal Domicile State | NY | LegalDomicileState |
| Exempt Code Section | 501 (C)(3) | ExemptCodeSection |
| Public Charity Status | 11A | PublicCharityStatus |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MARIST COL | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Controlled Org | false | ControlledOrg |
Form990 Schedule R Part IV Form990ScheduleRPartIV
Name Of Related Org NameOfRelatedOrg
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MARIST REAL PROPERTY SERVICES TWO INC | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3399 NORTH ROAD | AddressLine1 |
| City | POUGHKEEPSIE | City |
| State | NY | State |
| ZIP Code | 12601 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 141825215 | EIN |
| Primary Activity | REAL Prop | PrimaryActivity |
| Legal Domicile State | NY | LegalDomicileState |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MARIST COL | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Type Of Entity | C Corp | TypeOfEntity |
| Share Of Total Income | 0 | ShareOfTotalIncome |
| Share Of EOY Assets | 175000 | ShareOfEOYAssets |
| Percentage Ownership | 1.00000 | PercentageOwnership |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Ann Rents Royalties | false | ReceiptOfIntAnnRentsRoyalties |
| Gift Grant Or Cap Contr To Other Org | false | GiftGrantOrCapContrToOtherOrg |
| Gift Grant Or Cap Contr Fr Other Org | false | GiftGrantOrCapContrFrOtherOrg |
| Loans Or Guarantees To Other Org | false | LoansOrGuaranteesToOtherOrg |
| Loans Or Guarantees From Other Org | false | LoansOrGuaranteesFromOtherOrg |
| Sale Of Assets To Other Org | false | SaleOfAssetsToOtherOrg |
| Purchase Of Assets From Other Org | false | PurchaseOfAssetsFromOtherOrg |
| Exchange Of Assets | false | ExchangeOfAssets |
| Rental Of Facilities To Other Orgs | false | RentalOfFacilitiesToOtherOrgs |
| Rental Of Facilities Fr Other Orgs | false | RentalOfFacilitiesFrOtherOrgs |
| Perform Of Services For Other Orgs | false | PerformOfServicesForOtherOrgs |
| Perform Of Services By Other Orgs | false | PerformOfServicesByOtherOrgs |
| Sharing Of Facilities | true | SharingOfFacilities |
| Sharing Of Paid Employees | true | SharingOfPaidEmployees |
| Reimbursement Paid To Other Org | false | ReimbursementPaidToOtherOrg |
| Reimbursement Paid By Other Org | false | ReimbursementPaidByOtherOrg |
| Other Transfer To Other Org | false | OtherTransferToOtherOrg |
| Other Transfer From Other Org | false | OtherTransferFromOtherOrg |
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