2013-02-12T14:30:41-00:00 2012-06-30 Fiscal Solutions LLC 60 Broadway Denville NJ 07834 990 2011-07-01 131740285 Nyack College NYAC 8453581710 1 South Boulevard Nyack NY 109603698 David Jennings 2013-02-12 true Al DePaola Jr 9738699550 2013-02-12 2011 2016-02-25 16:41:14Z Michael G Scales 1 South Boulevard Nyack NY 109603698 72294315 false X www.nyack.edu X 1944 NY Nyack College, a Christian and Missionary Alliance educational institution, through its undergraduate, graduate and seminary programs, pursues its historic mission of preparing men and women to take the whole Gospel to the whole world. 22 15 1221 0 2621737 4361622 56704322 58556835 606119 361051 949949 813790 60882127 64093298 14449344 15912146 0 24456570 25945335 0 223310 21030073 21590838 59935987 63448319 946140 644979 50896879 52666779 27342700 27864685 23554179 24802094 Nyack College, a Christian and Missionary Alliance educational institution, through its undergraduate, graduate and seminary programs, pursues its historic mission of preparing men and women to take the whole Gospel to the whole world. false false 36461255 15912146 51462991 Education of 3,988 students at various campuses. 3389259 Academic support. 17337364 7093844 Student services and auxiliary enterprises. 57187878 true true false false false false false false false true true false false false true false true true true false false false false false false false false false true true true false false false false false false false false false false false false false false false true false false false false true 205 0 true 1221 true false false false false false true true false false false false X 22 15 false false false false false false false true true false false true true true true true true true true false X David Jennings 8453581710 1 South Blvd Nyack NY 109603698 Dr Michael G Scales 040.00 X X 192999 0 82118 Dr Ronald E Eastman 002.40 X X 0 0 0 Dr Duane A Wheeland 002.40 X X 0 105321 10160 Dr Paul D Glenn 002.40 X X 0 0 0 Mr Kenneth E Baldes 002.40 X 0 103914 12461 Minister Donna Baptiste 002.40 X 0 0 0 Dr Gary M Benedict 002.40 X 0 85391 46662 Mr Glenn G Daves 002.40 X 0 0 0 Dr Rockwell L Dillaman 002.40 X 0 0 0 Rev Thomas R Flanders 002.40 X 0 58553 10798 Dr Lucy Guzman 002.40 X 0 0 0 Dr David D Ireland 002.40 X 0 0 0 Mr J Michael Knefley 002.40 X 0 0 0 Rev Stanley Kwong 002.40 X 0 0 0 Andrea M Hennesey 040.00 X 119201 0 15293 Jonathan A Gates 040.00 X 113942 0 21918 Stephen Mark Meret 040.00 X 109367 0 22798 Dr Tzuo-Yan Lee 002.40 X 0 0 0 Mr Dwight Safer 002.40 X 0 0 0 Rev Scott G Slocum 002.40 X 0 0 0 Rev John F Soper 002.40 X 0 0 0 Rev J Wayne Spriggs 002.40 X 0 50072 17312 Dr Bruce Terpstra 002.40 X 0 18249 55875 Dr Carolyn Tonge 002.40 X 0 0 0 Mr Mark Wellman 002.40 X 0 0 0 David C Jennings 040.00 X 143101 0 25095 David F Turk 040.00 X 143400 0 27241 Richard L Gathro 040.00 X 123282 0 22636 945292 421500 370367 9 false true false Monsen Engineering Co LLC 5 Daniel Rd East Fairfield NJ 07004 General Contractor 1448504 Lori Kupfer 251 East 32nd St Suite 15G New York NY 10016 Architect 295859 Winfield Lynn Thompson 401 Blue Goose Lane Newport NC 28570 Travel Agent 110858 Titan Outdoor LLC PO Box 5179 New York NY 100875179 Advertising 110582 4 794192 494447 3072983 4361622 Gross tuition and fees 611600 51462991 51462991 Auxiliary enterprises 611710 7093844 7093844 58556835 245925 245925 8316143 8201017 115126 115126 115126 Interest income on accounts recv 522220 642876 642876 Miscellaneous 900099 170914 170914 813790 64093298 58556835 1174841 0 15912146 15912146 0 0 449170 449170 0 20182586 18504643 1621992 55951 576804 544722 31022 1060 3240976 3027805 207277 5894 1495799 1361214 131935 2650 0 41017 41017 93020 93020 0 20110 20110 5206427 4417954 745684 42789 817236 797057 15919 4260 1889489 1273832 554663 60994 138433 17821 120612 0 5810523 5604817 184899 20807 840994 723612 100464 16918 0 0 882376 846886 31900 3590 0 2078461 2004218 66733 7510 289880 116719 173085 76 Bad debt expense 1091419 1091419 Equipment 601389 475354 125224 811 Student Insurance 552783 552783 Off Campus instruction 257015 241680 15335 980266 764615 215651 63448319 57187878 6037131 223310 9739414 8481629 711803 1624377 3175043 3800889 490651 494047 28438 22752 579337 556659 54479428 25528549 26837870 28950879 7623086 7103930 1711237 1631617 50896879 52666779 3213017 3480952 2483696 2487439 4741052 19069494 14731582 2576493 2423660 27342700 27864685 X 12791826 13406544 2609868 3167790 8152485 8227760 23554179 24802094 50896879 52666779 644979 602936 X false true true X true true X 0.00000 0.00000 0.00000 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false 9851090 169889 -209763 121900 9689316 8414450 172063 1335061 70484 9851090 6960310 769152 687663 2675 8414450 7881044 608440 -1364074 165100 6960310 0.84920 0.15080 false true true 1141631 7175227 8316858 37829474 20596611 17232863 6613057 3922219 2690838 1720039 1009719 710320 28950879 Post-retirement liability 1446145 US Govt refundable grants 418134 Deposits anc other liabilities 123384 Annuities payable 9351 Mortgage payable to related party - -Alliance Development Fund 426646 2423660 64093298 63448319 644979 -497064 1100000 602936 1247915 48763978 -497064 1100000 602936 48161042 20110 15912146 15932256 64093298 47516063 47516063 20110 15912146 15932256 63448319 V 4 - Intended uses of Endowmwnet Funds - Endowment funds are restricted for investment in perpetuity, the income from which is expendable to support Scholarships and Fellowships 9,171,201, Library acquisitions 193,242, and any activity of the College 324,873. XI 8 - Reconciliation of Change in Net Assets - Other Gain on land swap - 1,100,000. During March 2011, the College entered into an agreement to exchange 12 acres of heavily wooded hillside land with a carry value of 8,000 purchased in 1954 for a 2 acre residential lot with one dwelling owned by the Palisades Interstate Park Commission PARKS subject to certain performance of covenants by PARKS as noted in the Agreement. This transfer of property is being treated as a like-kind exchange. XI 8 - continued The agreement was finalized during January 2012. The properties exchanged are valued at 1,100,000. The College recorded a gain in land swap during the year ended June 30, 2012 for 1,100,000. XII 2d - Revenue amounts not included on return - Other Gain on land swap - 1,100,000. XII 4b - Revenue amounts included on return - Other Grants and allocations - 15,912,146. XIII 4b - Expense amounts included on return - Other Grants and allocations - 15,912,146. true true true true true true true false false false false false false false false true false true Part I 6a - Financial Aid or Government Assistance Explanation Monetary grants are received from federal and state agencies to provide financial assistance to students attending the College. true Scholarships 2633 15912146 I 2 - Monitoring the use of Grants - Nyack College grants funds to students in the form of scholarships, student loans as well as other financial aid. Financial aid is granted to studeents based on eligibility guidelines as defined by the Federal Dept. of Education, the State of New York, and Nyack Colleges Scholarship Grant Programs. Nyack College grants funds to students in the form of institutional aid based on merit, need and other criteria as outlined in Nyacks Scholarship Grant program X true true false false false false false false false false false Dr Michael G Scales 192999 13650 68468 275117 David C Jennings 143101 7285 17810 168196 David F Turk 143400 10876 16365 170641 Dormitory Auth of the State of New York 146000293 NotApplic 2011-09-30 5177149 Equipment false false false 436097 5177149 1495696 42524 3681453 2012 false false false true false false false false true false false false false false false Form 990 Part VI 11b - Organizations Process to Review Form 990 - The Board of Trustees receives key reports through a web-based document room. Form 990 is distributed to the Audit Review Committee prior to its filing and the Board is notified that the Form 990 has been added to the web-based document room for their review. Form 990 Part VI 12c Enforcement of Conflict of Interest Policy - On an annual basis, the Board of Trustees and Officers fill out a conflict of interest questionnaire. The questionnaires are reviewed as part of the annual audit process. Form 990 Part VI 15a Compensation Process for Top Officials - The Director of Human Resources compiles comparative data on officers salaries as well as historical salary levels and increases. This data is given to the President and Chairman of the Board of Trustees. The Chairman of the Board approves all salary recommendations for officers reporting to the President. The Chairman of the Board chairs the Personnel Commitee of the Board which reviews and makes salary and compensation decisions for the President annually. In addition, the full board informally reviews the President semi-annually in Executive Session and does a formal written evaluation every three years as part of the Presidents contract renewal. Form 990 Part VI 15b Compensation Process for Other Officers or Key Employees - The compensation for other officers and key employees is subject to a review and approval process by the Compensation Committee of the Board of Trustees. Form 990 Part VI 19 Governing Documents Disclosure Explanation - The College makes its governing documents, conflict of interest policy and financial statements available to the public upon request. Form 990 Part VI Line 11b - Organizations Process to Review Form 990 - The Board of Trustees receives key reports through a web-based document room. Form 990 is distributed to the Audit Review Committee prior to its filing and the Board is notified that the Form 990 has been added to the web-based document room for their review. Form 990 Part VI Line 12c Enforcement of Conflict of Interest Policy - On an annual basis, the Board of Trustees and Officers fill out a conflict of interest questionnaire. The questionnaires are reviewed as part of the annual audit process. Form 990 Part VI Line 15a Compensation Process for Top Officials - The Director of Human Resources compiles comparative data on officers salaries as well as historical salary levels and increases. This data is given to the President and Chairman of the Board of Trustees. The Chairman of the Board approves all salary recommendations for officers reporting to the President. The Chairman of the Board chairs the Personnel Commitee of the Board which reviews and makes salary and compensation decisions for the President annually. In addition, the full board informally reviews the President semi-annually in Executive Session and does a formal written evaluation every three years as part of the Presidents contract renewal. Form 990 Part VI Line 15b Compensation Process for Other Officers or Key Employees - The compensation for other officers and key employees is subject to a review and approval process by the Compensation Committee of the Board of Trustees. Form 990 Part VI Line 19 Governing Documents Disclosure Explanation - The College makes its governing documents, conflict of interest policy and financial statements available to the public upon request. C&MA 8595 Explorer Dr Colorado Springs CO 80920 131623940 Ministry CO 501c3 1 N/A false NCMC Broadway Inc 1 South Boulevard Nyack NY 10960 134065556 Landlord NY N/A C Corp 142900 1.00000 false false true false false false false false false true false false false true false false false false NCMC Broadway Inc j 142900 Actual cash paid C&MA c 797247 Actual cash recd C&MA n