2012-05-15T09:20:54-07:00 2011-06-30 990 2010-07-01 131740447 THE COLLEGE OF NEW ROCHELLE COLL 9146545000 29 Castle Place New Rochelle NY 10805 KEITH BORGE 9146545552 2012-05-14 2010 2016-02-24 21:20:13Z The College of New Rochelle 29 Castle Place New Rochelle NY 108052330 72359203 0 X www.cnr.edu X 1904 NY The College of New Rochelle's mission is to provide access to education. It currently educates more than 4,500 students annually by providing undergraduate and graduate education. The College has four schools, School of Arts & Sciences, School of Nursing, and the School of New Resources at the undergraduate level and the Graduate School. The College also provides room and board facilities for those students residing on campus. 22 21 1565 0 0 0 4051918 3517765 60044071 63334450 1160660 1461035 695387 872430 65952036 69185680 9919895 9933193 0 0 35036346 36817129 51026 0 2521208 21436006 22783032 66443273 69533354 -491237 -347674 111664820 116635131 80227408 82874760 31437412 33760371 The College of New Rochelle derives its dedication to the education of women and men in the liberal arts and in professional studeies. Building on its original committmment to women, the College also reaches out to those who have not previously had access to higher education; it places particular emphasis on the concept of life long learning. The College is committed to a respect and concern for each individual. 0 0 46686897 9933193 57666117 Higher Education: The College of New Rochelle provides undergraduate and graduate education 3644 students attending the School of Arts & Sciences, School of Nursing and the School of New Resources and 634 students attending the Graduate School. Annually more than 1000 students receive degrees. Expenses include instruction, academic support, student services, the library and various administrative costs. 6454816 0 5668333 Room and Board for students residing on the New Rochelle campus and gereral fees for all students 0 0 0 53141713 1 1 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 61 0 1 1565 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 22 21 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X The College of New Rochelle 9146545000 29 Castle Place New Rochelle NY 10805 Michael Ambler 1 X 0 0 0 Tyronne Davis 1 X 0 0 0 Kathleen Finnerty 1 X 0 0 0 Joan Freilich 1 X 0 0 0 Mary Hogan Hearle 1 X 0 0 0 Hugh Johnston 1 X 0 0 0 Judith Kenny 1 X 0 0 0 Elizabeth LeVaca 1 X 0 0 0 Jean Baptiste Nicholson 1 X 0 0 0 John Nicholson 1 X 0 0 0 Leo O'Donovan 1 X 0 0 0 Ann Peterson 1 X 0 0 0 Christianne Ricchi 1 X 0 0 0 Carla Romita 1 X 0 0 0 Kevin Service 1 X 0 0 0 Saddie Smith 1 X 0 0 0 Diana Stano 1 X 0 0 0 Anne Vitale 1 X 0 0 0 Marcelle Willock 1 X 0 0 0 Stephanie Wilson 1 X 0 0 0 Stephen Sweeny 40 X 412366 0 0 Keith Borge 40 X 176044 0 0 Ellen Curry Damato 40 X 244567 0 0 Dorothy Escribano 40 X 235730 0 0 Judith Huntington 40 X 284953 0 0 Brenna Mayer 40 X 205679 0 0 Joan Bailey 40 X 200415 0 0 Elza Dinwiddie - Boyd 40 X 147675 0 0 Richard Thompson 40 X 133889 0 0 Ellen Lockamy 40 X 133111 0 0 2174429 0 0 50 0 1 0 Sodexo Inc Affiliates PO Box 81049 Woburn MA 01813 college food and catering services 1667053 DB Systems Corp 34 South Broadway White Plains NY 10601 computer database services 1637249 Waldorf Risk Associates PO Box 590 Huntington NY 11743 insurance broker 692483 Paskill Stapleton and Lord One Roberts Avenue Glennside PA 19038 enrollment management 663823 Thompson and Bender LLC 1192 Pleasantville Road Briarcliff Manor NY 10510 advertising services 249409 5 0 0 0 0 1444252 2073513 8000 3517765 Tuition and Fees 611310 57666117 57666117 0 0 Room and Board 611310 2642845 2642845 0 0 General Fees 611310 2737055 2737055 0 0 Other Auxiliary 611310 288433 288433 0 0 0 0 0 0 63334450 618289 618289 0 0 123060 123060 0 0 0 0 0 0 0 0 3893209 0 3173523 0 719686 0 719686 0 0 719686 0 Net assets released 611310 872430 872430 0 0 872430 69185680 64948229 0 719686 0 9933193 9933193 1103240 1103240 29629079 24487927 4273573 867579 652657 539410 94136 19111 3383327 2796262 487997 99068 2048826 1693320 295514 59992 224313 224313 122600 122600 31642 31642 0 0 138000 138000 925073 766913 158160 5310348 2399072 2555548 355728 2346612 586653 1173306 586653 5941206 4910305 856934 173967 2313137 1911768 333637 67732 2690658 2223783 388089 78786 647234 647234 Food Service 1660020 1660020 0 0 Postage & Shipping 67644 0 13212 54432 Telephone 226257 0 226257 0 Investment Expense 138288 0 138288 69533354 53141713 13870433 2521208 0 0 297576 321948 9686137 10352915 4103960 4414532 16486 0 0 0 4685496 4533484 34160 39556 320449 666006 125416874 61854369 63133827 63562505 19539540 23260387 9847189 9483798 111664820 116635131 4253718 5689049 0 0 522425 511080 60445000 59911250 0 0 0 0 0 0 8500000 10400000 6506265 6363381 80227408 82874760 X 25507753 23207510 1360780 5806372 4568879 4746489 31437412 33760371 111664820 116635131 X -347674 2670633 X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 0 0 0 0 1 31642 0 0 0 31642 0 SchC_P2B_S00_L01 Schedule C, Part II-B, Line 1 The College of New Rochelle participates and pays annual dues as a member of the Commission of Independent College and Universities (New York State) and the National Association of Independent Colleges and Universities. 19539540 165983 4009935 317071 0 138000 23260387 17934845 162950 1931187 286623 93490 109329 19539540 21585410 7380 -2842727 367326 353572 94320 17934845 0.81 0.19 0 0 0 0 362703 362703 0 97613498 38389500 59223998 0 0 0 0 0 27242418 23464869 3777549 0 198255 0 198255 63562505 Bond discount & cost of issuance 1258346 Insurance policies held 324280 Other accounts receivable - gifts, bequests, etc. 3214690 Deposits with bond trustees 4324448 Beneficial interest in perpetual trust 362034 9483798 123785 Interest Rate Swap Agreement 3507250 US Government Grants Refundable 2732346 6363381 69185680 69533354 -347674 3667812 0 138000 0 0 3805812 3458138 60146376 1032177 0 0 0 1032177 59114199 138288 9933193 10071481 69185680 59461873 0 0 0 0 0 59461873 138288 9933193 10071481 69533354 SchD_P05_S00_L04 Schedule D, Part V, Line 4 The College of New Rochelle's Endowment Funds are held for long-term growth. Income generated from the Endowment Fund (interest and dividends) are used to fund scholarships for students. SchD_P10_S00_L02 Schedule D, Part X, Line 2 The College follows ASU No.2009-06 in conjuncion with FASB Interpretation No. 48. The College recognizes the effect of income tax postions only if those postions are more likely than not of being sustained. The College believes it has taken no significant uncertain tax positions. SchD_P12_S00_L04b Schedule D, Part XII, Line 4b Scholarship and grant allowance $9,933,193 SchD_P13_S00_L04b Schedule D, Part XIII, Line 4b Scholarships and grants for students 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SchE_P01_S00_L03 Schedule E, Part I, Line 3 The College of New Rochelle publicizes its racial non-discriminatory policy through newspapaer advertisement and varios forms of media as well as during periods of registration. SchE_P01_S00_L06 Schedule E, Part I, Line 6 The College of New Rochelle particiaptes in the federal fianncial programs of the US Department of education and NYS TAP 1 see schedule I, Part IV, Statement 1 Unfunded scholarships and grants as well as resricted scholarships and grants(need and non need based) provided to the students in the four schools of the College. 3200 9933193 0 Financial aid award letter SchI_P01_S00_L02 Schedule I, Part I, Line 2 The students of The College of New Rochelle particpate in the financial aid programs of both the US Department of Education and New York State TAP. During the 2010-2011 more than 3000 students received aid fiancial aid through PELL and Direct Loans. Students also participated in the SEOG and Perkins Loans Programs as well as NYS TAP. The Financial Aid Office constantly monitors for program compliance. X X 1 1 X X X X X 0 0 0 0 0 0 0 0 0 Stephen Sweeny 412367 0 0 0 0 0 0 0 65033 0 477400 0 464962 0 Keith Borge 176044 0 0 0 0 0 0 0 2074 0 178118 0 0 0 Judith Huntington 284953 0 0 0 0 0 0 0 18424 0 303377 0 273769 0 Dorothy Escribano 235730 0 0 0 0 0 0 0 9566 0 245296 0 228713 0 Ellen Curry Damato 244567 0 0 0 0 0 0 0 13721 0 258288 0 242358 0 Brenna Mayer 205679 0 0 0 0 0 0 0 13282 0 218961 0 185574 0 Joan Bailey 200415 0 0 0 0 0 0 0 27074 0 227489 0 223526 0 Elza Dinwiddie - Boyd 147675 0 0 0 0 0 0 0 12833 0 160508 0 0 0 Richard Thompson 133889 0 0 0 0 0 0 0 1223 0 135112 0 0 0 Ellen Lockamy 133111 0 0 0 0 0 0 0 12758 0 145869 0 0 0 SchJ_P01_S00_L01a Schedule J, Part I, Line 1a The College of New Rochelle provides on campus housing for two employees; the President and the Vice President for Mission and Identity. This on campus housing is required as part of the individual job description and is for the convenience of the College. Club dues are provided to the President for use when conducting business on behalf of the College. Dormitory Authority of the State of New York 6499032G5 2008-08-06 40000000 Defease NYCIDA 1995 and 1997 and replace construction loan 0 0 0 0 9927463 40000000 0 0 0 1115349 0 2219633 28960832 0 0 2009 0 1 1 1 0 0 0 0 1 0 0 0 1 1 1 1 RBS Citizens Bank 10 0 0 0 0 0 Castle Oil Trustee 249981 The purchase of heating oil 0 F990_P06_S0B_L11b Form 990, Part VI, Section B, Line 11b A draft copy of the Form 990 will be reviewed by the Audit Committee of the Board of Trustees. Any questions will be addressed by the administration and ou auditors. A copy of the Form 990 will be provided to all Board of Trustees members prior to filing. F990_P06_S0B_L12c Form 990, Part VI, Section B, Line 12c Conflict of interest statements are completed annually by the Board of Trustees and are reviewed annually by the College's attorney. F990_P06_S0B_L15 Form 990, Part VI, Section B, Line 15 The compensation of officers and key employees is reviewed and compared to comparable compensation data for similar institutions using national administrative comensation surveys. The Chair of the Board of Trustees in conjunction with the Compensation Committee of the Board review the compensation data. F990_P06_S0C_L19 Form 990, Part VI, Section C, Line 19 These documents are distributed upon request. F990_P11_S00_L05 Form 990, Part XI, Line 5 Temporary Restricted net assets investment return ($1,916,237), Amount not yet recognized as a compononent of net periodic benefit cost ($147,000), Change in value of interest rate swap agreement ($91,920). Extenstion granted to 5/15/2012