2012-05-08T08:13:43-05:00 2011-06-30 MARKS PANETH & SHRON LLP 622 THIRD AVENUE NEW YORK NY 10017 990 2010-07-01 131967321 MERCY COLLEGE MERC 9144552650 555 BROADWAY DOBBS FERRY NY 10522 JEANNE PLECENIK 9144552650 2012-05-07 1 ROBERT R LYONS CPA 2125038800 2010 2016-02-24 21:20:13Z JEANNE PLECENIK 555 BROADWAY DOBBS FERRY NY 10522 219389810 0 X WWW.MERCY.EDU X 1950 NY EDUCATE STUDENTS IN LIBERAL ARTS, SCIENCES, BUSINESS, EDUCATION AND PROFESSIONAL PROGRAMS. 16 15 2314 0 0 0 9211268 9338496 145121549 163046395 701731 4833650 -901302 -6110 154133246 177212431 23271274 26948006 0 0 55820714 59354319 41238 51284 922316 46798687 51453946 125931913 137807555 28201333 39404876 121979337 158253456 46834273 42784282 75145064 115469174 X MERCY COLLEGE IS COMMITTED TO PROVIDING MOTIVATED STUDENTS THE OPPORTUNITY TO TRANSFORM THEIR LIVES THROUGH HIGHER EDUCATION BY OFFERING LIBERAL ARTS AND PROFESSIONAL PROGRAMS IN PERSONALIZED AND HIGH QUALITY LEARNING ENVIRONMENTS, THUS PREPARING STUDENTS TO EMBARK ON REWARDING CAREERS, TO CONTINUE LEARNING THROUGHOUT THEIR LIVES AND TO ACT ETHICALLY AND RESPONSIBLY IN A CHANGING WORLD. 0 0 109054004 26948006 163046395 MERCY COLLEGE IS A COMPREHENSIVE COLLEGE OFFERING BOTH UNDERGRADUATE AND GRADUATE DEGREES TO OVER 10,000 STUDENTS. THE COLLEGE HAS FIVE CAMPUS LOCATIONS IN AND AROUND NEW YORK CITY AND ALSO OFFERS COURSES THROUGH THE INTERNET. STUDENTS ARE PRIMARILY FROM THE NEW YORK METROPOLITAN AREA. 109054004 1 1 0 1 0 0 1 0 1 1 0 0 0 1 1 1 0 1 0 1 0 1 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 160 0 2314 1 0 0 0 0 0 1 1 0 0 0 0 X 16 15 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X JEANNE PLECENIK 9144552650 555 BROADWAY DOBBS FERRY NY 10522 GARY W BROWN 1.00 X 0 0 0 JOSEPH P CARLUCCI ESQ 1.00 X 0 0 0 BALA AYYAR 1.00 X 0 0 0 GARY A BERNSTEIN 1.00 X 0 0 0 PASQUALE J D'AMURO 1.00 X 0 0 0 EDWARD B DUNN 1.00 X 0 0 0 JOSEPH GANTZ 1.00 X 0 0 0 BRUCE J HABER 1.00 X 0 0 0 KUNI NAKAMURA 1.00 X 0 0 0 DAVID B JONES 1.00 X 0 0 0 DONALD J MATTHEWS 1.00 X 0 0 0 JAMES M MCCORMICK 1.00 X 0 0 0 CHARLES EF MILLARD 1.00 X 0 0 0 WILLIAM M MOONEY JR 1.00 X 0 0 0 ALEX FERRARI 1.00 X 0 0 0 KIMBERLY R CLINE 35.00 X X 574931 0 39575 JEANNE PLECENIK 35.00 X 131562 0 20184 IRENE BUCKLEY 35.00 X 158877 0 19663 EDWARD W KNAPP 35.00 X 94658 0 3440 JOSEPH SCHAEFER 35.00 X 220772 0 7881 MICHAEL B SPERLING 35.00 X 208234 0 35276 DEIRDRE A WHITMAN 35.00 X 229547 0 24396 MARGARET M MCGRAIL 35.00 X 171318 0 31606 JAMES J MCCUE 35.00 X 229642 0 19438 RICHARD J WAKSMAN 35.00 X 222507 0 0 2242048 0 201459 71 1 1 0 SUNGARD HIGHER EDUCATION 14327 COLLECTIONS CENTER DRIVE CHICAGO IL 60693 INFORMATION TECHNOLOGY 6744304 ARAMARK COPORATION DINING SERVICES 153 PERKINS STUDENT CENTER NEWARK DE 19716 FACILITY MAINTENANCE SERVICE 3181168 LESSINGS 3500 SUNRISE HIGHWAY BUILDING 100 GREAT RIVER NY 11739 FOOD SERVICES MANAGEMENT 2349488 FOLLETT HIGHER EDUCATION GP MERCY COLLEGE BOOKSTORE DOBBS FER CHICAGO IL 60677 BOOKSTORE 1313021 ALLIEDBARTON SECURITY SERVICES PO BOX 828854 PHILADELPHIA PA 19182 SECURITY 943575 65 473973 8246271 618252 270890 9338496 GROSS TUITION & FEES 900099 156427731 156427731 ROOM AND BOARD 721310 5709712 5709712 OTHER 900099 908952 908952 163046395 1366061 1366061 45507903 42040314 3467589 3467589 3467589 130955 473973 137065 -6110 -6110 177212431 163046395 0 4827540 26905423 26905423 42583 42583 1069820 1069820 46785519 42779421 3527988 478110 2151482 2013586 115097 22799 5444955 3378763 1957164 109028 3902543 3068780 782966 50797 3125050 2995728 129322 286821 4011 282810 251300 251300 99750 99750 51284 51284 129345 129345 8892622 1698286 7153517 40819 3001051 41368 2959683 3478375 2509590 871619 97166 1078108 112241 942106 23761 14502074 13811304 690770 1258559 953821 297945 6793 930331 796528 92044 41759 808152 709740 98412 3712819 3564306 148513 606393 606393 BAD DEBT 3414570 3414570 STUDENT FOOD SERVICES 1637096 1637096 CONTRACTUAL PAYMENTS 1604978 1604978 MISCELLANEOUS 1228924 690397 538527 LIBRARY EXPENSES 552172 532407 19765 855456 808625 46831 137807555 109054004 27831235 922316 26563217 15694610 20060327 53572184 2913483 1195176 6059094 10671568 597489 576680 3239527 2906562 71994179 30471270 38033639 41522909 17936452 25566389 5585162 5547374 990947 1000004 121979337 158253456 12069023 9635025 3258158 2233892 21015000 20070000 10492092 10845365 46834273 42784282 X 70666579 110523787 1244327 1596988 3234158 3348399 75145064 115469174 121979337 158253456 X 39404876 919234 X X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 1 0 0 0 0 1 99755 1 0 99755 0 158430 158430 X 0 23521614 2614241 5119168 55648 85612 31113763 20392677 2605531 611834 88428 23521614 27890666 711759 -7497990 84935 626823 20392677 0.86590 0.10760 0.02650 0 0 3404619 3404619 30904183 9869088 21035095 15984384 6447869 9536515 19493267 13884508 5608759 2207726 269805 1937921 41522909 ADVANCES FROM FEDERAL GOVERNMENT FOR STUDENT LOANS 1030808 CONDITIONAL ASSET RETIREMENT OBLIGATION 2648169 DEFERRED RENT 7166388 10845365 177212431 137807555 39404876 773468 145766 919234 40324110 151054314 773468 145766 919234 150135080 129345 26948006 27077351 177212431 110730204 0 110730204 129345 26948006 27077351 137807555 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: PERMANENTLY RESTRICTED NET ASSETS ARE RESTRICTED TO INVESTMENT IN PERPETUITY WITH INVESTMENT RETURN PRINCIPALLY AVAILABLE FOR SCHOLARSHIPS. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE COLLEGE HAS NO UNCERTAIN TAX POSITIONS AS OF JUNE 30, 2011 AND 2010 IN ACCORDANCE WITH ACCOUNTING STANDARDS CODIFICATION ("ASC") TOPIC 740, "INCOME TAXES," WHICH PROVIDES STANDARDS FOR ESTABLISHING AND CLASSIFYING ANY TAX PROVISIONS FOR UNCERTAIN TAX POSITIONS. THE COLLEGE IS NO LONGER SUBJECT TO FEDERAL OR STATE AND LOCAL INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR THE YEAR ENDED JUNE 30, 2008 AND PRIOR YEARS. PART XI, LINE 8 - OTHER ADJUSTMENTS: POST-RETIREMENT CHANGES OTHER THAN NET PERIODIC COSTS 145,766. PART XII, LINE 2D - OTHER ADJUSTMENTS: POSTRETIREMENT CHANGES OTHER THAN NET PERIODIC COSTS 145,766. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS 26,948,006. PART XIII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS 26,948,006. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION SCHEDULE E, PART I, LINE 3 MERCY COLLEGE HAS PUBLICIZED ITS RACIALLY NONDISCRIMINATION POLICY THROUGH NEWSPAPER AND/OR BROADCAST MEDIA DURING THE PERIOD OF SOLICITATION IN A WAY THAT MADE THE POLICY KNOWN TO ALL PARTS OF THE GENERAL COMMUNITY IT SERVES. EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE SCHEDULE E, PART I, LINE 6 MERCY COLLEGE RECEIVES FUNDS FROM VARIOUS FEDERAL AND STATE GOVERNMENTAL AGENCIES UNDER THEIR RESPECTIVE STUDENT FINANCIAL AID ASSISTANCE PROGRAMS. FEDERAL PROGRAM INCLUDE THE PELL GRANT PROGRAM, SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANT (SEOG) PROGRAM, COLLEGE WORK STUDY (CWS) PROGRAM AND THE PERKINS LOAN PROGRAMS. 0 MIDDLE EAST AND AFRICA 0 0 GRANTS TO RECIPIENTS SCHOLARSHIPS 42583 0 0 0 0 0 0 42583 0 42583 SCHOLARSHIPS MIDDLE EAST AND AFRICA 18 42583 0 0 0 0 0 0 PROCEDURE FOR MONITORING GRANTS OUTSIDE THE U.S.: SCHEDULE F, PART I, LINE 2: FOR GRANT FUNDS OUTSIDE THE UNITED STATES, MERCY COLLEGE PROVIDES TUITION DISCOUNTS TO ISRAELI STUDENTS. THE STUDENTS ARE IDENTIFIED BY NAME. X X X X X X X 1 CHARITY BUZZ 437 FIFTH AVENUE 11TH FLOOR NEW YORK NY 10016 ONLINE AUCTION 1 39157 8271 30866 THE STOCKADE CONSULTING GROUP INC 650 FRANKLIN STREET SUITE 201 SCHENECTADY NY 12305 PHONATHONS 0 9609 10150 -541 48766 18421 30325 TRUSTEE'S DINNER 506929 406879 100050 95916 BRONX DINNER 68605 43955 24650 26404 1 29394 23139 6255 14745 604928 473973 130955 137065 137065 -6110 1 SCHOLARSHIPS 4180 17141954 COST INSTITUTIONAL AID DISCOUNTS AND EXEMPTIONS 1893 9763469 COST INSTITUTIONAL AID OTHER INFORMATION: PART IV: SCHOLARSHIPS AND DISCOUNTS ARE BASED ON ACADEMIC PERFORMANCE AND FINANCIAL NEED AND ARE ADMINISTERED BY THE OFFICES OF ADMISSIONS AND STUDENT SERVICES. X X X 1 0 0 1 0 0 0 0 0 KIMBERLY R CLINE 474931 0 100000 0 0 0 22050 0 17525 0 614506 0 232213 0 JEANNE PLECENIK 131562 0 0 0 0 0 11191 0 8993 0 151746 0 0 0 IRENE BUCKLEY 148877 0 10000 0 0 0 13597 0 6066 0 178540 0 79350 0 JOSEPH SCHAEFER 220772 0 0 0 0 0 6736 0 1145 0 228653 0 110658 0 MICHAEL B SPERLING 208234 0 0 0 0 0 19988 0 15288 0 243510 0 119102 0 DEIRDRE A WHITMAN 209547 0 20000 0 0 0 18330 0 6066 0 253943 0 110996 0 MARGARET M MCGRAIL 171318 0 0 0 0 0 16318 0 15288 0 202924 0 92215 0 JAMES J MCCUE 219886 0 0 0 9756 0 18841 0 597 0 249080 0 123237 0 RICHARD J WAKSMAN 222507 0 0 0 0 0 0 0 0 0 222507 0 107720 0 PART I, LINE 4A RICHARD J. WAKSMAN - $222,507. PART I, LINE 5 CERTAIN FACULTY MEMBERS RECEIVED A ONE-TIME PAYMENT OF 2% OF BASE SALARY. THE BASIC SALARY WAS NOT BASED ON THE REVENUE HURDLES. SUPPLEMENTAL INFORMATION PART III SCHEDULE J, PART I, LINE 4A: LOUISE FEROE - $208,077 NEW YORK CITY INDUSTRIAL DEVELOPMENT AGENCY 132906040 64971C450 2005-05-01 16220000 REFINANCING OF DEBT 0 0 0 WESTCHESTER INDUSTRIAL DEVELOPMENT AGENCY 521294265 957368GJ6 2005-05-01 10140000 REFINANCING OF DEBT 0 0 0 405000 16220000 948848 15271152 2005 0 0 0 1 540000 10140000 696128 9443872 2005 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 1 0 1 0 0 0 0 0 1 0 0 0 0 X 22000 FAIR MARKET VALUE X 14 225939 FAIR MARKET VALUE X TICKETS 14 21351 AUCTION VALUE X TIMESHARE 1 1600 AUCTION VALUE 0 0 1 METHOD FOR DETERMINING NUMBER OF CONTRIBUTORS: PART I, COLUMN (B): THE ORGANIZATION IS REPORTING THE NUMBER OF CONTRIBUTIONS. THIRD PARTY USE: PART I, LINE 32B: MERCY COLLEGE USES CHARITY BUZZ, AN ONLINE AUCTION SERVICE, TO AUCTION DONATED GOODS. FORM 990, PART VI, SECTION B, LINE 11 SENIOR MANAGEMENT REVIEWS THE FORM 990 AND IT IS THEN PROVIDED TO THE BOARD OF TRUSTEES PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY, BOARD OF DIRECTORS, OFFICERS, AND TOP MANAGEMENT OFFICIALS ARE REQUIRED TO SIGN OFF ON THE CONFLICT OF INTEREST POLICY AND TO DISCLOSE INTERESTS THAT COULD GIVE RISE TO CONFLICT. FORM 990, PART VI, SECTION B, LINE 15A WHEN DETERMINING THE COMPENSATION OF THE ORGANIZATION'S PRESIDENT, THE ORGANIZATION TYPICALLY CONSULTS PUBLIC INFORMATION DERIVED FROM THE ANNUAL REPORT ISSUED BY THE CHRONICLE OF HIGHER EDUCATION AND THEN SENDS TO THE BOARD OF TRUSTEES FOR APPROVAL. FORM 990, PART VI, SECTION C, LINE 19 MERCY COLLEGE MAKES ITS GOVERNING DOCUMENTS (BY-LAWS), CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE THE PUBLIC UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 773,468. POST-RETIREMENT CHANGES OTHER THAN NET PERIODIC COSTS 145,766. TOTAL TO FORM 990, PART XI, LINE 5: 919,234. FORM 990, PART XII, LINE 2C: THE PROCESS OF OVERSEEING THE AUDIT AND SELECTION OF INDEPENDENT ACCOUNTANT HAS NOT BEEN CHANGED FROM THE PRIOR YEAR.