2012-05-03T22:32:08-04:00 2011-06-30 GRANT THORNTON LLP 666 THIRD AVENUE NEW YORK NY 100174011 990 2010-07-01 131740445 COLLEGE OF MT ST VINCENT COLL 7184053200 6301 RIVERDALE AVENUE RIVERDALE NY 10471 Abed Elkeshk 2012-05-02 2125990100 2010 2016-02-24 21:20:13Z CHARLES FLYNN PRESIDENT 6301 RIVERDALE AVE RIVERDALE NY 10471 56368209 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. 29 28 992 0 55 -2695 3927714 4306585 46951013 49429929 328387 402975 345747 977218 51552861 55116707 12821718 13602410 0 0 17926463 19405872 0 52752 1561566 17769343 19541858 48517524 52602892 3035337 2513815 68647300 71735659 30370529 30213150 38276771 41522509 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 42625689 13602410 49429929 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. 42625689 true true false true false false false true true true false false true true true true false true false false false false true true false false false true true true false true false false false false false false false false true false false false false false false false false false true X 3784 0 true 992 true false false false false false true true false false false false X 29 28 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 0 EDMUND C DUFFY 1.0 X 0 0 0 ROSE FREDERICK SC 1.0 X X 0 0 0 PATRICK P GRACE 1.0 X 0 0 0 STEVEN HAYES 1.0 X 0 0 0 MAUREEN A HENEGAN 1.0 X 0 0 0 MARY BETH MALONE 1.0 X 0 0 0 HELEN MCGOVERN SC 1.0 X 0 0 0 DOROTHY METZ 1.0 X X 0 0 0 JOHN W NEARY 1.0 X 0 0 0 DERYCK A PALMER 1.0 X 0 0 0 PAUL I RUBACKY 1.0 X 0 0 0 JOAN M SQUIRES 1.0 X 0 0 0 JOAN D WALSH 1.0 X 0 0 0 Stephen A Manzi 1.0 X 0 0 0 Rosemary T Berkery 1.0 X 0 0 0 James J Campbell 1.0 X 0 0 0 Vita Cassese 1.0 X 0 0 0 Gail Vance Civille 1.0 X 0 0 0 Mary Anne Cronin SC 1.0 X 0 0 0 Noreen M Culhane 1.0 X X 0 0 0 Charles L Flynn Jr 40.0 X X 273959 0 26381 Dominica Rocchio SC 1.0 X 0 0 0 Paula Marie Buley 1.0 X 0 0 0 Maria L Ellis 1.0 X 0 0 0 Kevin M Kearney 1.0 X 0 0 0 Valerie Mastronardi 1.0 X 0 0 0 Raul Rivera 1.0 X 0 0 0 Susan Whitney 1.0 X 0 0 0 Guy Lometti 40.0 X 163175 0 13150 Abed Elkeshk 40.0 X 167675 0 13150 Madeleine Melkonian 40.0 X 119106 0 26375 Matthew Mcdevitt 40.0 X 126375 0 0 Carol Vicino 40.0 X 109128 0 14109 Edward Meyer 40.0 X 120788 0 13775 Justine Taddeo 40.0 X 113083 0 13600 1193289 0 120540 11 false true false Brennan Brothers Company Inc 3150 Albany Crescent BRONX NY 10463 Contractor 347802 UNICCO SERVICE COMPANY 275 GROVE STREET SUITE 3200 AUBURNDALE MA 02466 CLEANING SERVICES 3555405 chartwells compass group PO Box 91377 CHICAGO IL 606731337 FOOD SERVICE 2354255 Conserv Construction Inc 15 Washington Avenue SUFFERN NY 10901 construction svcs 1596461 Elite Roofing and Maintenance PO Box 726 WAYNE NJ 07470 construction svcs 311500 10 357587 1825783 2123215 488004 4306585 TUITION & FEES 900099 41891668 41891668 ROOM & BOARD 900099 7451124 7451124 BOOKSTORE 611710 40000 40000 STUDENT AMENITIES 611710 4435 4435 COMMISSIONS 611710 16767 16767 25935 25935 49429929 181005 55 180950 0 0 228847 228847 228847 228847 1322160 1100190 221970 221970 221970 65015 357587 151312 -86297 -86297 0 0 ALUMNI EVENTS 900099 44360 44360 UPWARD BOUND 900099 230335 230335 CAMP FEES 900099 10450 10450 549523 549523 834668 55116707 49368727 55 1441340 0 13602410 13602410 0 0 1129499 499536 492463 137500 0 14195587 11087645 2495784 612158 792509 599146 154546 38817 2037039 1612043 324374 100622 1251238 945950 244002 61286 0 46695 46695 131492 131492 283 283 52752 52752 53875 53875 192453 149123 41090 2240 138305 5978 124427 7900 2066092 1077811 780295 207986 440480 20563 419881 36 0 1781572 1455527 316738 9307 335182 239079 85158 10945 0 174080 155261 15579 3240 855166 855166 0 3229676 3229676 529219 805 528414 CONTRACTUAL SERVICES 4746392 3950879 668073 127440 FOOD SERVICE 2433465 2193574 79562 160329 BAD DEBT EXPENSE 116384 116384 BOND ADMINISTRATION FEES 121032 121032 LIBRARY BOOK 131836 85699 46057 80 2018179 1714984 274267 28928 52602892 42625689 8415637 1561566 5631598 6611797 1160672 1101698 450909 447185 638107 693849 81955079 32237844 48966295 49717235 4004221 5429594 2759367 2960887 5036131 4773414 68647300 71735659 4496018 4949008 1265545 1456571 20730000 20265000 420133 470449 1318524 1049621 2140309 2022501 30370529 30213150 X 26322954 28489750 5767884 6571211 6185933 6461548 38276771 41522509 68647300 71735659 X 2513815 731923 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 283 283 false Lobbying Expense Schedule L, Part II-B The College is a member of the national association of independent colleges and universities (NAICU) that promote the needs of higher education as well as provide information to the industry. Several of these organizations allocate a portion of the annual dues to lobbying efforts. For the year ending June 30, 2011, the portion of the College's membership dues that was deemed to be lobbying activity is $283. These represent the only lobbying expenses made by the College. false true 6790426 711047 1118668 229660 8390481 6545598 179107 168770 103049 6790426 6301161 244437 108858 43876 64982 6545598 0.13140 0.11318 0.75542 false false 1994835 1994835 62985749 22796902 40188847 16974495 9440942 7533553 49717235 DEFERRED BOND FINANCING COST 1838223 DEPOSITS HELD BY BOND TRUSTEE 1882663 OTHER 1052528 4773414 0 ANNUITIES PAYABLE 1987 U.S. GOV'T GRANTS REFUNDABLE 691233 CONDITIONAL ASSET RETIREMENT 1329281 2022501 55116707 52602892 2513815 731924 731924 3245739 42397533 731924 731924 41665609 13451098 13451098 55116707 39151794 39151794 13451098 13451098 52602892 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, 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 - Revenue included on Books not on Return Special Events Expense $ (151,312.) Line 4B - Revenue included on Return not on Books SCHOLARSHIP EXPENSE $13,602,410. Reconciliation of Expenses FORM 990, SCHEDULE D, PART XIII Line 2D - Expenses included on Books not on Return Special Events Expense $ (151,312.) Line 4B - Expenses included on Return not on Books SCHOLARSHIP EXPENSE $13,602,410. Collections of Art Schedule D, Part III Line 4 The College art collection consists of Various pieces of art displayed throughout the campus which are used to enhance student appreciation of fine arts. 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, 2008, 2009, 2010 and 2011 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. 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. X X X X X X true Mason Jay Blacher Assoc 2210 Fairview Avenue East Seattle WA 98102 Direct Prospecting false 0 52752 0 0 52752 0 NY Scholar Dinner 422602 357587 65015 51893 99419 0 422602 357587 65015 51893 99419 151312 -86297 true SCHOLARSHIPS 1346 13602410 GRANTS AND OTHER ASSISTANCE IN THE UNITED STATES FORM 990, SCHEDULE I, PART I, LINE 2 The University provides scholarships to students matriculating at the University; therefore, all funds granted are used to defray the cost of tuition and no further monitoring of the grants is required. X X X X X false false false false false false false false false Guy Lometti 163175 0 0 0 0 0 13150 0 0 0 176325 0 0 0 Abed Elkeshk 167675 0 0 0 0 0 13150 0 0 0 180825 0 0 0 Charles L Flynn Jr 273959 0 0 0 0 0 19600 0 6781 0 300340 0 0 0 New York Industrial Development Agency 132906040 649438BD9 2006-06-01 22117032 BUILD AND REFURBISH DORMS false false false 2430250 22695250 1546137 1337172 18097967 2007 true false true true false false false false false true false true false false false true Schedule K - Tax-Exempt Bond Compliance The College's tax exempt bond financing is being used to finance and refinance a portion of the costs of the following civic facilities on the College's campus: 1. Renovation, equipping and furnishing of two existing four story residence halls "Alumnae Hall" and "Spellman Hall." 2. Construction, equipping and furnishing of a new five story residence hall "Mastronardi Hall" and related site work. The bond financing is also being used as current refunding of the College's outstanding March 25, 1993 Revenue bonds which were used to finance renovations to and equip and furnish the College's auditorium/gymasium, science hall, administration building, and Grace Center. Schedule K, Part II, Line 5 The College incurred $894,831 in credit enhancement fees. These fees are included with the bond issuance costs (as required by the Form 990). X 25 473429 FMV X Rug 1 14000 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 - The Form 990 was prepared by a nationally renowned accounting firm in conjunction with the organization's financial department. A copy of the draft Form 990 was circulated to the full Board of Trustees for discussion and comment. Each Board 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 - 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 - 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 - 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 $ 731,923 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.