2011-04-08T00:15:16-04:00 2010-06-30 GRANT THORNTON LLP 666 THIRD AVENUE NEW YORK NY 100174011 990 2009-07-01 131740445 COLLEGE OF MT ST VINCENT COLL 7184053200 6301 RIVERDALE AVENUE RIVERDALE NY 10471 ABED ELKESHK 7184053300 2011-04-06 true 2125429609 2009 2016-02-24 21:20:13Z CHARLES FLYNN PRESIDENT 6301 RIVERDALE AVE RIVERDALE NY 10471 51739169 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. 27 26 941 0 84 -2666 4731221 3927714 43072948 46951013 -142334 328387 1116563 345747 48778398 51552861 11745161 12821718 0 0 17296989 17926463 0 0 1126889 17087096 17769343 46129246 48517524 2649152 3035337 65950062 68647300 31055561 30370529 34894501 38276771 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 39692551 12821718 46951013 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. 39692551 true true false true false false false true true true true false true false false false false false 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 true 3790 0 true 941 true false false false false false true true false false false 27 26 false false false false false false false true true false false true true true true true true true true false X MURRAY GENEE 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 X 0 0 0 JOAN D WALSH 1.0 X 0 0 0 Stephen A Manzi 1.0 X 0 0 0 Christine Moynihan Barr 1.0 X 0 0 0 Thomas M Barry 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 0 0 0 Christopher F Gallagher 1.0 X 0 0 0 kathryn Swintek 1.0 X 0 0 0 Charles L Flynn Jr 40.0 X X 245996 0 14227 Dominica Rocchio SC 1.0 X 0 0 0 Guy Lometti 40.0 X 74803 0 4267 Abed Elkeshk 40.0 X 161351 0 5333 Dianna Dale 40.0 X 104509 0 2907 Madeleine Melkonian 40.0 X 110312 0 16935 Tim Nash 40.0 X 111232 0 3633 Matthew Mcdevitt 40.0 X 119792 0 0 carol Vicino 40.0 X 101958 0 8586 adele Gatens 40.0 X 155250 0 0 1185203 0 55888 9 true true false CONSTRUCTION TECHNOLOGY CORPORATION 116 Fairfield road FAIRFIELD NJ 07004 CONSTRUCTION MGR 4144156 UNICCO SERVICE COMPANY 275 GROVE STREET SUITE 3200 AUBURNDALE MA 02466 CLEANING SERVICES 2894101 chartwells compass group PO Box 91377 CHICAGO IL 606731337 FOOD SERVICE 2393349 Conserv Construction Inc 15 Washington Avenue SUFFERN NY 10901 construction svcs 247720 vesta contracting group 37-28 27th Street LONG ISLAND CITY NY 11101 construction svcs 193566 11 75396 437366 1949917 1465035 25719 3927714 TUITION & FEES 900099 39472093 39472093 ROOM & BOARD 900099 7430760 7430760 BOOKSTORE 611710 40000 40000 STUDENT AMENITIES 611710 8160 8160 46951013 110029 84 109945 0 0 170298 170298 170298 170298 218358 218358 218358 218358 121664 437366 186308 -64644 -64644 0 0 PARKING FINES 611710 13245 13245 MISCELLANEOUS 900099 226848 226848 240093 51552861 46902853 84 722210 0 12821718 12821718 0 0 1203716 523082 548065 132569 0 13091222 10405499 2160777 524946 672491 514124 127435 30932 1822495 1393310 345357 83828 1136539 868892 215370 52277 0 169136 169068 68 99743 99743 251 251 0 60253 60253 101728 57248 43289 1191 128002 5338 121894 770 1869832 1184012 547433 138387 319871 9655 310216 0 1571290 1383283 178607 9400 233508 166113 54968 12427 0 118908 91620 20242 7046 882649 882649 0 2976444 2976444 485322 3300 482022 CONTRACTUAL SERVICES 4358005 3733608 588403 35994 FOOD SERVICE 2183533 2050436 70182 62915 BAD DEBT EXPENSE 328541 7670 320871 BOND ADMINISTRATION FEES 144197 144197 RECRUITING 124897 108220 16677 1613233 1388979 190115 34139 48517524 39692551 7698084 1126889 5399859 5631598 1373235 1160672 679526 450909 600746 638107 8612 0 155548 0 78212831 29246536 46954451 48966295 2558085 4004221 3450907 2759367 4769093 5036131 65950062 68647300 5125292 4496018 1144170 1265545 21180000 20730000 428276 420133 1105095 1318524 2072728 2140309 31055561 30370529 X 23274490 26322954 5578551 5767884 6041460 6185933 34894501 38276771 65950062 68647300 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 251 251 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, 2010, the portion of the College's membership dues that was deemed to be lobbying activity is $251. These represent the only lobbying expenses made by the College. false true 5932579 129607 94591 94076 6062701 5687536 244437 108858 43876 64982 5931973 1.00000 false false 1994835 1994835 61634450 20433037 41201413 0 0 0 14583546 8813499 5770047 48966295 DEFERRED BOND FINANCING COST 1971996 DEPOSITS HELD BY BOND TRUSTEE 1884286 OTHER 1179849 5036131 0 ANNUITIES PAYABLE 7837 U.S. GOV'T GRANTS REFUNDABLE 691233 CONDITIONAL ASSET RETIREMENT 1441239 2140309 51552861 48517524 3035337 346932 346932 3382269 39264383 346932 186308 533240 38731143 12821718 12821718 51552861 35882114 186308 186308 35695806 12821718 12821718 48517524 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 186,308. Line 4B - Revenue included on Return not on Books SCHOLARSHIP EXPENSE $12,821,718. Reconciliation of Expenses FORM 990, SCHEDULE D, PART XIII Line 2D - Expenses included on Books not on Return Special Events Expense 186,308. Line 4B - Expenses included on Return not on Books SCHOLARSHIP EXPENSE $12,821,718. 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 accounting standards codification ("ASC") 740 "income taxes." ASC 740 requires that a tax position be recognized or derecognized based on a "more likely than not" threshold. This applies to positions taken or expected to be taken in a tax return. The adoption of this guidance did not have an impact on the college's financial statements, as management believes that there are no uncertain tax positions within its financial statements. true true true THE COLLEGE'S NON-DISCRIMINATORY POLICY IS DISCLOSED IN ALL PUBLICATIONS PRINTED AND DISTRIBUTED. true true true true false false false false false false false false true false THE COLLEGE RECEIVES FEDERAL AND STATE FUNDING FOR OPERATIONS OF THE COLLEGE FROM SOURCES SUCH AS BUNDY AND PELL GRANTS. true Tribute Dinner 559030 437366 121664 121367 64941 0 559030 437366 121664 121367 64941 186308 -64644 true SCHOLARSHIPS 898 12821718 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 true false false false false false false false false Abed Elkeshk 158800 0 0 0 2551 0 5333 0 0 0 166684 0 0 0 Charles L Flynn Jr 243049 0 0 0 2947 0 8667 0 5560 0 260223 0 0 0 adele Gatens 0 0 0 0 155250 0 0 0 0 0 155250 0 0 0 COMPENSATION INFORMATION SCHEDULE J, PART I, LINE 4A In calendar year 2009, the College made one severance payment to Adele Gatens, a former vice president. Ms. Gatens received $155,250 in compensation in her 2009 Form W-2. new york city industrial development agency 132906040 649438bd9 2006-06-01 22117032 BUILD AND REFURBISH DORMS false false 22695250 1546137 1337172 18097967 2007 true false true true false false false false false true false true false false false true X 8 25719 FMV 0 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. 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).