2011-05-13T11:23:25-05:00 2010-06-30 Marks Paneth & Shron LLP 622 Third Avenue New York NY 10017 990 2009-07-01 131967321 MERCY COLLEGE MERC 9144552650 555 BROADWAY DOBBS FERRY NY 10522 JEANNE PLECENIK 9144552650 2011-05-13 1 2125038800 2009 2016-02-24 21:20:13Z JEANNE PLECENIK 555 BROADWAY DOBBS FERRY NY 10522 215050779 0 X WWW.MERCY.EDU X 1950 NY Educate students in liberal arts, sciences, business, education and professional programs. 16 16 2191 0 0 0 7995293 9211268 125759105 145121549 -5034435 701731 -602481 -901302 128117482 154133246 19875043 23271274 0 50336840 55820714 41238 1364016 43646082 46798687 113857965 125931913 14259517 28201333 91515970 121979337 44773893 46834273 46742077 75145064 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 102121724 23271274 145121549 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. 102121724 1 1 0 1 0 0 1 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 1 140 0 2191 1 0 0 0 0 0 1 1 0 16 16 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 richard e french jr 1.00 X 0 0 0 joSEPH GANTZ 1.00 X 0 0 0 BRUCE J HABER 1.00 X 0 0 0 VICKI P HAUPT 1.00 X 0 0 0 milLIE HERNANDEZ BECKER 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 OTTO E ROETHENMUND 1.00 X 0 0 0 KIMBERLY R CLINE 35.00 X 428921 0 35541 JOSEPH SCHAEFER 35.00 X 202805 0 18511 JEANNE PLECENIK 35.00 X 0 0 0 IRENE BUCKLEY 35.00 X 140836 0 17863 MICHAEL B SPERLING 35.00 X 205450 0 32755 DEIRDRE A WHITMAN 35.00 X 199247 0 22744 MARGARET M MCGRAIL 35.00 X 161428 0 23003 JAMES MCCUE 35.00 X 228315 0 18158 EDWARD W KNAPP 35.00 X 150394 0 5040 DEBORAH SONTUPE 35.00 X 17788 0 0 RICHARD J WAKSMAN 35.00 X 187310 0 28129 JOSEPH VALENTI 35.00 X 80717 0 12174 SUSAN WILLIAMS 35.00 X 172746 0 6152 ORI SHINAR 35.00 X 145518 0 26912 CAROLYN M TRAGNI 35.00 X 139770 0 26636 WILLIAM MARTINOV 35.00 X 134562 0 26174 jack burke 35.00 X 130762 0 17238 LOUISE FEROE 35.00 X 208077 0 13500 2934646 0 330530 60 1 1 0 SUNGARD HIGHER EDUCATION 14327 COLLECTIONS CENTER DR CHICAGO IL 60693 INFO. TECHNOLOGY 6749619 ARAMARK FACILITY SERVICES 555 BROADWAY DOBBS FERRY NY 10522 FACILITY MAINTENANCE SERV. 3317684 LF O'CONNELL ASSOC INC 750 MAIN STREET ISLIP NY 11751 ADVERTISING AND BRANDING 1496777 Omnibuild LLC 29 Broadway NEW YORK NY 100063105 CONSTRUCTION SERVICES 1241931 Lessings 3500 Sunrise Highway Building 100 GREAT RIVER NY 11739 FOOD SERVICES MANAGEMENT 1074875 57 340164 8342167 528937 117537 9211268 GROSS TUITION & FEES 900099 141324380 141324380 ROOM AND BOARD 721310 3227962 3227962 OTHER 900099 569207 569207 145121549 322534 322534 61195984 60816787 379197 379197 379197 100746 340164 100746 0 CHANGE IN MV OF INTERE 900099 -901302 -901302 -901302 154133246 145121549 0 -199571 23156421 23156421 114853 114853 2708357 721927 1851858 134572 42536101 39574207 2450414 511480 2051130 1899637 129840 21653 4842732 3181023 1579993 81716 3682394 2868102 769457 44835 3037341 2915847 113317 8177 428900 407324 21576 193056 193056 55000 55000 41238 41238 88428 88428 8854319 1851719 6820009 182591 2977770 2916076 61694 3903441 3053632 778087 71722 992883 81503 911380 11950181 11353913 551622 44646 740041 541274 154506 44261 655831 551291 62261 42279 1001812 903700 95578 2534 3671120 3524275 136962 9883 449034 192 448842 BAD DEBT 3135801 3135801 CONTRACTUAL PAYMENTS 1373875 1373875 STUDENT FOOD SERVICES 926147 926147 MISCELLANEOUS 778875 556931 145614 76330 LIBRARY EXPENSES 626860 602350 620 23890 957972 826704 130635 633 125931913 102121724 22446173 1364016 13248350 26563217 11292586 20060327 1957724 2913483 6250943 6059094 582442 597489 3274938 3239527 66057417 28023778 33565390 38033639 14935409 17936452 5457268 5585162 950920 990947 91515970 121979337 10265471 12069023 2711938 3258158 21920000 21015000 81577 9794907 10492092 44773893 46834273 X 42275898 70666579 1309784 1244327 3156395 3234158 46742077 75145064 91515970 121979337 X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 1 0 0 0 0 1 55000 0 0 55000 0 158430 X 0 20392677 2605531 611834 0 0 88428 23521614 27890666 711759 -7497990 84935 626823 20392677 0.85500 0.13750 0.00750 0 0 3404619 3404619 26874839 8963675 17911164 15825047 5582007 10243040 18587154 13366024 5221130 1365758 112072 1253686 38033639 ADVANCES FROM FEDERAL GOVERNMENT FOR STUDENT LOANS 1030808 CONDITIONAL ASSET RETIREMENT OBLIGATION 2601520 DEFERRED RENT 6859764 10492092 154133246 125931913 28201333 -34946 236600 201654 28402987 131110890 236600 236600 130874290 88428 23170528 23258956 154133246 102707903 135692 135692 102572211 88428 23271274 23359702 125931913 Part V, Line 4: Description of Intended Use of Endowment Funds: Permanently restricted net assets are restricted to investment in perpetuity with investment return principally available for scholarships. Part X: Description of Uncertain Tax Positions Under FIN 48: EFFECTIVE JULY 1, 2009, THE COLLEGE ADOPTED THE PROVISIONS OF FASB INTERPRETATION 48 ("FIN 48"), "ACCOUNTING FOR UNCERTAINTIES IN INCOME TAXES - AN INTERPRETATION OF FASB STATEMENT NO. 109," NOW INCORPORATED IN ACCOUNTING STANDARDS CODIFICATION ("ASC") TOPIC 740, WHICH PROVIDES STANDARDS FOR ESTABLISHING AND CLASSIFYING ANY TAX PROVISIONS FOR UNCERTAIN POSITIONS. THE ADOPTION OF FIN 48 DID NOT HAVE AN EFFECT ON THE COLLEGE'S FINANCIAL POSITION AS OF JUNE 30, 2010. THE COLLEGE IS NO LONGER SUBJECT TO FEDERAL OR STATE AND LOCAL INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR FISCAL YEARS BEFORE 2007. SCHEDULE D, PART XII, LINE 2D: POSTRETIREMENT CHANGES OTHER THAN NET PERIODIC COSTS: $236,600 SCHEDULE D, PART XII, LINE 4B: SCHOLARSHIPS: $23,271,274 SCHEDULE D, PART XII, LINE 4B: DIRECT EXPENSES FOR SPECIAL EVENTS ($100,746) SCHEDULE D, PART XIII, LINE 2D: DIRECT EXPENSES FOR SPECIAL EVENTS $100,746 SCHEDULE D, PART XIII, LINE 2D: NET UNREALIZED LOSS ON INVESTMENTS $34,946 SCHEDULE D, PART XIII, LINE 4B: SCHOLARSHIPS: $23,271,274 1 1 1 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. 1 1 1 1 0 0 0 0 0 0 0 0 1 0 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. 1 0 MIDDLE EAST AND AFRICA GRANTS TO RECIPIENTS SCHOLARSHIPS 114853 0 0 114853 SCHOLARSHIPS MIDDLE EAST AND AFRICA 32 114853 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 THE STOCKADE GROUP PHONATHONS 0 14220 16238 -2018 HARVEST FUNDRAISING COUNSEL FUNDRAISING, CONSULTATIONS, AND SOLICITATIONS 0 0 25000 -25000 14220 41238 -27018 TRUSTEE'S DINNER 341712 270212 71500 71500 BRONX DINNER 49893 42093 7800 7800 2 49305 27859 21446 21446 440910 340164 100746 100746 100746 0 1 SCHOLARSHIPS 3590 14311413 cost INSTITUTIONAL AID DISCOUNTS AND EXEMPTIONS 2151 8845008 COST INSTITUTIONAL AID Other Information: Part IV: SCHOLARSHIPS AND DISCOUNTS ARE BASED ON ACADEMIC PERFORMANCE 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 428921 0 0 0 0 0 22050 0 13491 0 464462 0 343702 0 JOSEPH SCHAEFER 202805 0 0 0 0 0 6491 0 12020 0 221316 0 251329 0 IRENE BUCKLEY 140836 0 0 0 0 0 12823 0 5040 0 158699 0 153778 0 MICHAEL B SPERLING 205450 0 0 0 0 0 19264 0 13491 0 238205 0 229328 0 DEIRDRE A WHITMAN 199247 0 0 0 0 0 17704 0 5040 0 221991 0 160296 0 MARGARET M MCGRAIL 161428 0 0 0 0 0 9512 0 13491 0 184431 0 155386 0 JAMES MCCUE 199040 0 0 0 29275 0 18158 0 0 0 246473 0 257590 0 EDWARD W KNAPP 150394 0 0 0 0 0 0 0 5040 0 155434 0 160473 0 RICHARD J WAKSMAN 187310 0 0 0 0 0 16829 0 11300 0 215439 0 236615 0 SUSAN WILLIAMS 172746 0 0 0 0 0 6152 0 0 0 178898 0 0 0 ORI SHINAR 145518 0 0 0 0 0 13421 0 13491 0 172430 0 150356 0 CAROLYN M TRAGNI 139770 0 0 0 0 0 13145 0 13491 0 166406 0 161657 0 WILLIAM MARTINOV 134562 0 0 0 0 0 12683 0 13491 0 160736 0 0 0 LOUISE FEROE 0 0 0 0 208077 0 13500 0 0 0 221577 0 377648 0 Part I, Line 5 All eligible full-time employees, with the exception of the President and employees covered by a collective bargaining agreement, received a salary increase that was contingent on the College meeting certain 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 WESTCHESTER INDUSTRIAL DEVELOPMENT AGENCY 521294265 957368GJ6 2005-05-01 10140000 REFINANCING OF DEBT 0 0 16220000 948848 15271152 2005 0 0 0 1 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 7 80858 FAIR MARKET VALUE X EQUIPMENT 1 36679 FAIR MARKET VALUE 0 0 1 Method for Determining Number of Contributors: Part I, Column (b): THE ORGANIZATION IS REPORTING THE NUMBER OF CONTRIBUTIONS. 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. FORM 990, PART XI, LINE 2C: PROCESS OF OVERSEEING THE AUDIT AND SELECTION OF INDEPENDENT ACCOUNTANT: THE PROCESS HAS NOT CHANGED FROM PRIOR YEAR.