2026-05-11T09:09:38-05:00 2025-06-30 991856619 GRANT THORNTON ADVISORS LLC 757 THIRD AVENUE 9TH FLOOR NEW YORK NY 100172013 990 2024-07-01 111797182 MOLLOY UNIVERSITY MOLL 5163233000 1000 HEMPSTEAD AVENUE ROCKVILLE CENTRE NY 115701135 BRIAN MCNEILL VP, CFO & TREASURER 5163233000 2026-05-11 1 1 SCOTT THOMPSETT P00741490 2125990100 2024 2025-03-06 01:10:19Z JAMES P LENTINI 1000 HEMPSTEAD AVENUE ROCKVILLE CENTRE NY 115701135 189260606 0 X WWW.MOLLOY.EDU X 1955 NY MOLLOY IS AN INDEPENDENT CATHOLIC UNIVERSITY ROOTED IN THE DOMINICAN TRADITION OF STUDY. 22 21 2192 100 595027 0 8230322 8474080 159688661 167666263 8797221 4001969 1363744 1293800 178079948 181436112 40877581 45106616 0 0 87273651 86776879 0 0 1685067 42737611 45981197 170888843 177864692 7191105 3571420 255940839 260047296 125919103 121582197 130021736 138465099 X MOLLOY UNIVERSITY, AN INDEPENDENT CATHOLIC UNIVERSITY, ROOTED IN THE DOMINICAN TRADITION OF STUDY, SPIRITUALITY, SERVICE, AND COMMUNITY, IS COMMITTED TO ACADEMIC EXCELLENCE WITH RESPECT FOR EACH PERSON. THROUGH TRANSFORMATIVE EDUCATION, MOLLOY PROMOTES A LIFELONG SEARCH FOR TRUTH AND THE DEVELOPMENT OF ETHICAL LEADERSHIP. 0 0 150579069 45106616 167784393 SEE SCHEDULE OMOLLOY IS A PRIVATE REGIONAL COMPREHENSIVE UNIVERSITY GROUNDED IN THE CATHOLIC IDEALS OF TRUTH AND RESPECT FOR THE DIGNITY AND WORTH OF EVERY INDIVIDUAL. THE FOUNDERS, THE DOMINICAN SISTERS OF AMITYVILLE, BELIEVED THAT CONFERRING PROFESSIONAL DEGREES WITH A STRONG LIBERAL ARTS CORE WOULD ALLOW STUDENTS TO SERVE IN THEIR CHOSEN FIELDS OF WORK WITH EXCELLENCE, COMPASSION, AND CREATIVITY. CONTINUING IN THAT TRADITION TODAY, MOLLOY'S ACADEMIC, EXPERIENTIAL, AND SERVICE OPPORTUNITIES ARE RESPONSIVE TO THE NEEDS OF THE REGION. THE UNIVERSITY REMAINS DEDICATED TO PROVIDING EXCEPTIONAL STUDENT EXPERIENCE, WORKFORCE DEVELOPMENT THROUGH COMMUNITY PARTNERSHIPS, AND INNOVATIVE APPROACHES TO EDUCATION.A WIDE RANGE OF ACADEMIC OPTIONS INCLUDE MORE THAN 50 UNDERGRADUATE MAJORS, AS WELL AS MASTER'S AND DOCTORAL DEGREE PROGRAMS. THE UNIVERSITY'S 5,005 STUDENTS COMPRISE OUR FOUR SCHOOLS, THE BARBARA H. HAGAN SCHOOL OF NURSING AND HEALTH SCIENCES, THE SCHOOL OF BUSINESS, THE SCHOOL OF ARTS AND SCIENCES, AND THE SCHOOL OF EDUCATION AND HUMAN SERVICES. STUDENTS BENEFIT FROM A BREADTH OF UNIVERSITY-LEVEL OFFERINGS INCLUDING ATHLETICS, A VIBRANT STUDENT LIFE CULTURE AND NCAA DIVISION II ATHLETIC TEAMS. MOLLOY'S MAIN CAMPUS IN ROCKVILLE CENTRE, NY, IS HOME TO THREE RESIDENCE HALLS, AND THE MADISON THEATRE. THE MANHATTAN CENTER AT 50 BROADWAY, AND SUFFOLK CENTER IN AMITYVILLE, PROVIDE LEARNING AND EXPERIENTIAL OPPORTUNITIES AND ADVANTAGES MOLLOY CONTINUES TO BE AWARDED HIGH NATIONAL RECOGNITION, INCLUDING A FOUR-STAR RATING BY MONEY MAGAZINE ON ITS LIST OF 'BEST COLLEGES,' WHICH FOCUSES ON AFFORDABILITY AND STUDENT OUTCOMES. THE UNIVERSITY WAS ALSO NAMED ONE OF THE NATION'S TOP 100 COLLEGES AND UNIVERSITIES BY THE WALL STREET JOURNAL IN ITS 2026 BEST COLLEGES RANKINGS, PLACING 75TH NATIONALLY AND 6TH IN NEW YORK STATE. 150579069 1 1 0 1 0 0 0 1 1 1 1 0 0 1 1 1 1 0 1 0 1 0 0 0 1 1 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 552 0 1 2192 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 22 21 1 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X BRIAN MCNEILL 5163233000 1000 HEMPSTEAD AVENUE ROCKVILLE CENTRE NY 115701135 JAMES P LENTINI PRESIDENT 35.00 0.00 X X 595122 0 84052 JOHN J BISHAR JR CHAIRPERSON 1.00 0.00 X X 0 0 0 JOHN P MCENTEE CHAIRPERSON (THRU 05/2025) 1.00 0.00 X X 0 0 0 SR MARGARET MCVETTY VICE CHAIRPERSON 1.00 0.00 X 0 0 0 SAMMY CHU TRUSTEE 1.00 0.00 X 0 0 0 DIANE ESPOSITO TRUSTEE 1.00 0.00 X 0 0 0 MAUREEN EVERS-WILLOX TRUSTEE 1.00 0.00 X 0 0 0 LAURA FARAHANI TRUSTEE 1.00 0.00 X 0 0 0 JOSEPH J FENNESSY TRUSTEE 1.00 0.00 X 0 0 0 NICOLETTE FIORE-LOPEZ TRUSTEE 1.00 0.00 X 0 0 0 KEVIN G GERSHOWITZ TRUSTEE 1.00 0.00 X 0 0 0 JEFFREY H GREENFIELD TRUSTEE (THRU 05/2025) 1.00 0.00 X 0 0 0 DANIEL F HINES TRUSTEE 1.00 0.00 X 0 0 0 S ZAKI HOSSAIN TRUSTEE 1.00 0.00 X 0 0 0 SR MARY HUGHES TRUSTEE (AS OF 03/2025) 1.00 0.00 X 0 0 0 SHARI JAMES-PIERRE TRUSTEE 1.00 0.00 X 0 0 0 SR PATRICIA KOEHLER TRUSTEE 1.00 0.00 X 0 0 0 WAYNE H LIPTON TRUSTEE 1.00 0.00 X 0 0 0 LANIER MASON TRUSTEE 1.00 0.00 X 0 0 0 TIMOTHY MOONEY TRUSTEE 1.00 0.00 X 0 0 0 COREY J MUIRHEAD TRUSTEE 1.00 0.00 X 0 0 0 KENNETH J PRITCHARD TRUSTEE (THRU 05/2025) 1.00 0.00 X 0 0 0 STUART RICHNER TRUSTEE (AS OF 03/2025) 1.00 0.00 X 0 0 0 SR KATHLEEN TUITE TRUSTEE 1.00 0.00 X 0 0 0 KRISTY L UVENA TRUSTEE 1.00 0.00 X 0 0 0 JOHN WESTERMAN TRUSTEE (THRU 11/2024) 1.00 0.00 X 0 0 0 SUSAN D WILLIAMS - VP FINANCE & TREASURER (THRU 08/2024) 35.00 0.00 X 326766 0 16556 MATTHEW ALBANESE - SR DIR OF COMPLIANCE & SECRETARY 35.00 0.00 X 156507 0 28831 BRIAN MCNEILL VP, CFO & TREASURER (AS 06/2025) 35.00 0.00 X 0 0 0 EDWARD J THOMPSON VICE PRESIDENT OFFICE OF ADVANCEMENT 35.00 0.00 X 270555 0 87095 CHERYL MICHELLE PISKULICH PROVOST & VP ACADEMIC AFFAIRS 35.00 0.00 X 292124 0 63255 LINDA ALBANESE - VP ENROLLMENT MGMT. (THRU 08/2024) 35.00 0.00 X 281640 0 35136 DONALD MITCHELL VP, MISSION INTEGRATION 35.00 0.00 X 218845 0 18357 JANINE BISCARI VICE PRESIDENT STUDENT AFFAIRS 35.00 0.00 X 222629 0 15832 MICHAEL J OLIVO CHIEF INFORMATION OFFICER 35.00 0.00 X 172454 0 12470 MARCIA GARDNER DEAN OF NURSING 35.00 0.00 X 237729 0 80412 GIOIA BALES DEAN OF BUSINESS 35.00 0.00 X 244096 0 60109 JOANNE O'BRIEN PROFESSOR EMERITUS (THRU 08/2024) 35.00 0.00 X 223595 0 22396 AUDREY COHAN - SR DEAN OF RESEARCH, SCHOLOARSHIP & GRADUATE 35.00 0.00 X 204690 0 36262 ROBERT KINPOITNER PROFESSOR (THRU 08/2024) 35.00 0.00 X 192488 0 23935 3639240 0 584698 161 0 1 0 AUSTIN & WILLIAMS INC 80 ARKAY DRIVE STE 220 HAUPPAUGE NY 11788 MEDIA SERVICES 1765966 LESSING'S FOOD SVC MGMT 3500 SUNRISE HWY STE 100 GREAT RIVER NY 11739 FOOD SERVICES 1417116 ASSESSMENT TECH INSTITUTE INC 62277 COLLECTIONS CTR DR CHICAGO IL 60693 EDUCATIONAL SERVICES 1194400 AXIS CONSTRUCTION CORP 125 LASER COURT HAUPPAUGE NY 11788 CONSTRUCTION SERVICES 867429 SIMPLIFYING IT CONSULTANTS LLC 1480 PROSPECT AVENUE EAST MEADOW NY 11554 TECHNOLOGY SERVICES 499935 29 593922 3177931 4702227 80214 8474080 TUITION AND FEES 611310 161636078 161636078 STUDENT AUX. SERVICES 611710 6030185 6030185 167666263 3314262 1561 3312701 5387 5387 344901 61426 283475 283475 148571 134904 8029995 7342288 687707 687707 687707 120983 593922 406050 -285067 -285067 106904 14730 92174 92174 THEATRE PERFORMANCES 711110 444895 444895 STDNT. THEATRE PERF. 711110 77251 77251 CONFERENCE REVENUE 900099 40879 40879 634806 634806 1197831 181436112 167784393 595027 4582612 97291 97291 45009325 45009325 2309582 2065599 207928 36055 62055131 55499661 5586736 968734 3143885 2811766 283040 49079 14180454 12682439 1276646 221369 5087827 4550352 458050 79425 412162 412162 182553 182553 418769 418769 9918815 6108162 3800398 10255 2000183 308740 1680807 10636 1835032 1362179 406120 66733 3547945 991236 2556510 199 4826914 3376693 1448551 1670 1219207 1141457 66319 11431 2564624 2221082 305571 37971 3674851 2568888 1105873 90 8063622 5663509 2400113 2004075 5557 1998518 BLDG. GROUNDS & MAINT. 1821793 1253747 567615 431 STUDENT TESTING EXP. 1448582 1448582 MEMBERSHIPS 299087 166568 130623 1896 STUDENT RECRUITMENT 225753 225753 1517230 1020483 307654 189093 177864692 150579069 25600556 1685067 5402871 6650369 38666141 28172099 2010759 2178435 3332443 3445543 1454527 1272029 2718065 2794250 237576692 117915985 122451942 119660707 54331624 72847582 3628725 2570610 26250 0 21917492 20455672 255940839 260047296 11935066 11434135 1536467 1364284 3787335 3749797 80037094 77082042 3377069 3549039 25246072 24402900 125919103 121582197 X 115614665 122239440 14407071 16225659 130021736 138465099 255940839 260047296 X 3571420 6269320 -1397377 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 28 28 0 FORM 990, SCHEDULE C, PART II-B, LINE 1: MOLLOY UNIVERSITY IS A DUES PAYING MEMBER OF NACUBO, EACUBO, AND CICU; A PORTION OF ITS ANNUAL DUES ARE ATTRIBUTABLE TO LOBBYING AND ARE REPORTED IN SCHEDULE C, PART II-B, LINE 1(I). THE UNIVERSITY'S ALLOCATED PORTION OF MEMBERSHIP DUES ATTRIBUTABLE TO LOBBYING AMOUNTS TO LESS THAN $100. 323451 X 0 0 1 X 56171754 10739397 7774333 289320 74396164 49255498 299023 6750483 133250 56171754 44564248 248294 4509506 66550 49255498 52552443 768892 -8543173 213914 44564248 43648437 732083 8374430 202507 52552443 0.62780 0.34460 0.02760 0 0 3273630 3273630 180790865 74414110 106376755 7291836 4836446 2455390 46098132 38665429 7432703 122229 122229 119660707 FUNDS HELD WITH TRUSTEE 4492076 RIGHT-OF-USE ASSETS 14956355 CASH SURRENDER VALUE OF DONATED LIFE INSURANCE POLICY 1007241 20455672 BOND INTEREST PAYABLE 1827125 RIGHT-OF-USE LEASE LIABILITY 19561024 CONDITIONAL ASSET RETIREMENT OBLIGATION 3014751 24402900 X 144284197 6269320 -43484672 -37215352 181499549 418769 -482206 -63437 181436112 135840834 1879583 1879583 133961251 418769 43484672 43903441 177864692 PART III, LINE 4: THE UNIVERSITY MAINTAINS AN ARTWORK COLLECTION IN VARIOUS BUILDINGS FOR THE ENJOYMENT OF STUDENTS, EMPLOYEES, AND VISITORS TO ITS CAMPUS. PART IV, LINE 2B: MOLLOY UNIVERSITY HAD $3,549,039 IN STUDENT CREDIT BALANCES AT JUNE 30, 2025. THESE BALANCES REPRESENT POTENTIAL TUITION MONEY OWED TO STUDENTS DUE TO OVER-PAYMENT, FINANCIAL AID APPLIED TO THE STUDENT'S ACCOUNT OR PAYMENTS. PART V, LINE 4: THE UNIVERSITY'S ENDOWMENT FUND IS INTENDED TO SUPPORT THE UNIVERSITY'S EDUCATIONAL MISSION. THE ENDOWMENT EARNINGS ARE USED TO FUND THE UNIVERSITY'S DAILY OPERATIONS, INCLUDING SCHOLARSHIPS, STUDENT PROGRAMS, AND OTHER CAMPUS ACTIVITIES. THE BOARD OF TRUSTEES, THROUGH ITS APPROVED INVESTMENT POLICY GUIDELINES, HAS INTERPRETED THE NEW YORK PRUDENT MANAGEMENT OF INSTITUTIONAL FUNDS (NYPMIFA) TO ALLOW THE UNIVERSITY TO SPEND BELOW THE HISTORICAL DOLLAR VALUE OF ITS ENDOWMENT UNLESS SPECIFIC DONORS HAVE STIPULATED TO THE CONTRARY. THE UNIVERSITY'S ENDOWMENT CONSISTS OF 128 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES. PART X, LINE 2: THE UNIVERSITY FOLLOWS GUIDANCE THAT CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN, INCLUDING ISSUES RELATING TO FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT. THIS GUIDANCE PROVIDES THAT THE TAX EFFECTS FROM AN UNCERTAIN TAX POSITION CAN ONLY BE RECOGNIZED IN THE FINANCIAL STATEMENTS 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 UNIVERSITY IS EXEMPT FROM FEDERAL INCOME TAX UNDER IRC SECTION 501(C)(3), THOUGH IT IS SUBJECT TO TAX ON INCOME UNRELATED TO ITS EXEMPT PURPOSE, UNLESS THAT INCOME IS OTHERWISE EXCLUDED BY THE CODE. THE UNIVERSITY HAS PROCESSES PRESENTLY IN PLACE TO ENSURE THE MAINTENANCE OF ITS TAX-EXEMPT STATUS; TO IDENTIFY AND REPORT UNRELATED INCOME; TO DETERMINE ITS FILING AND TAX OBLIGATIONS IN JURISDICTIONS FOR WHICH IT HAS NEXUS; AND TO IDENTIFY AND EVALUATE OTHER MATTERS THAT MAY BE CONSIDERED TAX POSITIONS. THE UNIVERSITY HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS AT JUNE 30, 2025 AND 2024. PART XI, LINE 2D - OTHER ADJUSTMENTS: INSTITUTIONAL AID AND SCHOLARSHIPS -43,484,672. PART XI, LINE 4B - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES -406,050. RENTAL EXPENSES -61,426. GAMING EXPENSES -14,730. PART XII, LINE 2D - OTHER ADJUSTMENTS: UNCOLLECTIBLE STUDENT TUITION (BAD DEBT) 1,397,377. SPECIAL EVENT EXPENSES 406,050. RENTAL EXPENSES 61,426. GAMING EXPENSES 14,730. PART XII, LINE 4B - OTHER ADJUSTMENTS: INSTITUTIONAL AID AND SCHOLARSHIPS 43,484,672. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 NONDISCRIMINATION POLICIES ARE PUBLISHED IN CATALOGS AND PUBLICATIONS, AS WELL AS, ON THE UNIVERSITY WEBSITE. LINE 6 - EXPLANATION OF GOVERNMENT FINANCIAL AID: THE UNIVERSITY RECEIVES FEDERAL FUNDING MAINLY FROM THE UNITED STATES DEPARTMENT OF EDUCATION PRIMARILY THROUGH THE STUDENT FINANCIAL ASSISTANCE CLUSTER. IN ADDITION, THE UNIVERSITY RECEIVED FINANCIAL AID FROM THE FOLLOWING GOVERNMENTAL AGENCIES DURING FISCAL YEAR 2025: - NATIONAL ENDOWMENT FOR THE ARTS - NATIONAL SCIENCE FOUNDATION - NEW YORK STATE COUNCIL OF THE ARTS - NEW YORK STATE EDUCATION DEPARTMENT - NEW YORK STATE OFFICE OF HIGHER EDUCATION - NEW YORK STATE OFFICE OF STATE COMPTROLLER - SUBSTANCE ABUSE AND MENTAL HEALTH SERVICES ADMINISTRATION - U.S. DEPARTMENT OF EDUCATION - U.S. DEPARTMENT OF JUSTICE CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 906614 0 0 0 0 0 0 906614 0 906614 1 0 1 0 1 0 GALA 299420 278560 20860 15493 57152 5500 43532 GOLF OUTING 283897 203562 80335 21663 137440 14248 1 131588 111800 19788 11441 96220 3361 714905 593922 120983 48597 290812 5500 61141 406050 -285067 106904 3742 10988 0 106904 3742 10988 14730 92174 NY 1 0 1 0 0.99000 0.01000 BRIAN MCNEILL 1000 HEMPSTEAD AVENUE ROCKVILLE CENTRE NY 11571 0 EDWARD THOMPSON SEE SCHEDULE G, PART IV X 0 SCHEDULE G, PART III, COLUMN (C): THE UNIVERSITY DID NOT CONDUCT ANY FORMAL GAMING ACTIVITIES IN FISCAL YEAR 2025; ALL GAMING REVENUES REPORTED IN FORM 990 PART VIII, AND SCHEDULE G REPRESENT SMALL RAFFLES CONDUCTED BY STUDENT CLUBS ON CAMPUS. SCHEDULE G, PART III, LINE 16, DESCRIPTION OF SERVICES PROVIDED: THE UNIVERSITY DOES NOT EMPLOY A GAMING MANAGER. THE INDIVIDUAL LISTED IS THE VICE PRESIDENT FOR ADVANCEMENT AND IS RESPONSIBLE FOR THE FUNDRAISING COMPONENT OF REVENUES, ALONG WITH THE DIRECTOR OF ATHLETICS, WHO RAISES FUNDS FOR THE ATHLETIC DEPARTMENT. 1 MANHATTAN COLLEGE 4513 MANHATTAN COLLEGE PARKWAY RIVERDALE NY 104714098 131740468 501(C)(3) 17454 0 LSAMP PROGRAM AWARDS MOUNT SAINT MARY COLLEGE 330 POWELL AVENUE NEWBURGH NY 125503412 141468399 501(C)(3) 21650 0 LSAMP PROGRAM AWARDS ST JOHN'S UNIVERSITY 8000 UTOPIA AVENUE JAMAICA NY 11439 111630830 501(C)(3) 10491 0 LSAMP PROGRAM AWARDS ST THOMAS AQUINAS COLLEGE 125 ROUTE 340 SPARKILL NY 10976 132513162 501(C)(3) 30053 0 LSAMP PROGRAM AWARDS 4 0 INSTITUTIONAL AID AND SCHOLARSHIPS 3032 44293692 STIPENDS 283 68595 FACULTY RESEARCH GRANTS 15 35038 PART I, LINE 2: IN FISCAL YEAR 2025, MOLLOY UNIVERSITY CONTINUED WORK ON A 2024 GRANT FROM THE NATIONAL ENDOWMENT FOR THE ARTS TO SUPPORT INITIATIVES AT THE REBECCA CENTER FOR MUSIC THERAPY. THE APPROVED GRANT PROPOSAL INCLUDED A SUB-AWARD TO THE UNIVERSITY OF TENNESSEE'S HEALTH SCIENCE CENTER, TO PARTNER WITH MOLLOY IN ACCORDANCE WITH 2 CFR 200, SUBPART F AUDIT REQUIREMENTS. THE AWARD WAS GRANTED FOR THE PURPOSE OF SUPPORTING A STUDY EXAMINING WHETHER AN IMPROVISATIONAL MUSIC THERAPY PROGRAM CAN IMPROVE OUTCOMES FOR CHILDREN WITH AUTISM. THE UNIVERSITY OF TENNESSEE PROVIDES MOLLOY WITH DETAILED REPORTS AND APPROPRIATE DOCUMENTATION OF THEIR PROGRESS THROUGHOUT THE GRANT AWARD TERM. THE UNIVERSITY FOLLOWS FEDERAL, STATE AND INSTITUTIONAL POLICIES AND REGULATIONS TO MONITOR GRANTS AND FUNDS: 1) THE STUDENT APPLIES FOR THE GRANTS; 2) GRANTS ARE AWARDED FROM THE VARIOUS FUNDING SOURCES DEPENDING ON NEED AND/OR ACADEMIC STANDING; 3) THE STUDENT'S ELIGIBILITY IS VERIFIED THROUGH FEDERAL, STATE AND INSTITUTIONAL REQUIREMENTS, MATRICULATION, REGISTRATION, ATTENDANCE AND ACADEMIC PROGRESS; 4) GRANTS AND AWARDS ARE PROCESSED ONTO THE STUDENT'S ACCOUNT; 5) WHERE LOANS ARE INVOLVED, THE UNIVERSITY FOLLOWS UP WITH THE REGULATORY REQUIREMENTS AFTER GRADUATION. THE FREE APPLICATION FOR FEDERAL STUDENT AID (FAFSA) IS AN INTEGRAL PART OF THIS PROCESS. X X 1 1 X X X X X 1 0 0 0 0 0 0 1 0 JAMES P LENTINI PRESIDENT 419571 0 75000 0 100551 0 22373 0 61679 0 679174 0 0 0 EDWARD J THOMPSON VICE PRESIDENT OFFICE OF ADVANCEMENT 264135 0 0 0 6420 0 19724 0 67371 0 357650 0 0 0 CHERYL MICHELLE PISKULICH PROVOST & VP ACADEMIC AFFAIRS 289736 0 0 0 2388 0 21028 0 42227 0 355379 0 0 0 SUSAN D WILLIAMS - VP FINANCE & TREASURER (THRU 08/2024) 195316 0 0 0 131450 0 15226 0 1330 0 343322 0 0 0 MARCIA GARDNER DEAN OF NURSING 235341 0 0 0 2388 0 17641 0 62771 0 318141 0 0 0 LINDA ALBANESE - VP ENROLLMENT MGMT. (THRU 08/2024) 152943 0 0 0 128697 0 32711 0 2425 0 316776 0 0 0 GIOIA BALES DEAN OF BUSINESS 241708 0 0 0 2388 0 17708 0 42401 0 304205 0 0 0 JOANNE O'BRIEN PROFESSOR EMERITUS (THRU 08/2024) 133836 0 0 0 89759 0 7023 0 15373 0 245991 0 0 0 AUDREY COHAN - SR DEAN OF RESEARCH, SCHOLOARSHIP & GRADUATE 201803 0 0 0 2887 0 32800 0 3462 0 240952 0 0 0 JANINE BISCARI VICE PRESIDENT STUDENT AFFAIRS 220132 0 0 0 2497 0 15409 0 423 0 238461 0 0 0 DONALD MITCHELL VP, MISSION INTEGRATION 208563 0 10000 0 282 0 14828 0 3529 0 237202 0 0 0 ROBERT KINPOITNER PROFESSOR (THRU 08/2024) 121229 0 0 0 71259 0 9405 0 14530 0 216423 0 0 0 MATTHEW ALBANESE - SR DIR OF COMPLIANCE & SECRETARY 156249 0 0 0 258 0 11247 0 17584 0 185338 0 0 0 MICHAEL J OLIVO CHIEF INFORMATION OFFICER 172195 0 0 0 259 0 12054 0 416 0 184924 0 0 0 PART I, LINE 1A THE UNIVERSITY'S PRESIDENT, JAMES P. LENTINI, IS PROVIDED CERTAIN PREREQUISITES BY VIRTUE OF HIS POSITION AT THE UNIVERSITY. BY CONTRACT, THE PRESIDENT IS ENTITLED TO USE OF A RESIDENCE, A CAR ALLOWANCE AND REIMBURSEMENT FOR SOCIAL CLUB DUES. THE USE OF RESIDENCE IS TREATED AS A TAXABLE FRINGE BENEFIT (REPORTABLE IN FORM 990, SCHEDULE J, PART II, COLUMN (B)(III)). BOTH THE PRESIDENT, JAMES P. LENTINI, AND VICE PRESIDENT FOR ADVANCEMENT, EDWARD J. THOMPSON, ARE REIMBURSED FOR SOCIAL CLUB DUES. SINCE THE SOCIAL CLUB IS USED BY BOTH SOLELY IN A BUSINESS CAPACITY, THIS CONSTITUTES A NON-TAXABLE FRINGE BENEFIT AND IS INCLUDED IN SCHEDULE J, PART II, COLUMN (D). FINALLY, THE VICE PRESIDENT FOR ADVANCEMENT IS ENTITLED TO A CAR ALLOWANCE; THE PERSONAL USE OF THE CAR IS A TAXABLE FRINGE BENEFIT AND IS INCLUDED IN SCHEDULE J, PART II, COLUMN (B)(III). PART I, LINE 4A THE FOLLOWING MOLLOY UNIVERSITY EMPLOYEES RECEIVED SEVERANCE PAYMENTS IN CALENDAR YEAR 2024 FOLLOWING THEIR DEPARTURE FROM THE UNIVERSITY. THESE AMOUNTS ARE REPORTED ON SCHEDULE J, PART II, COLUMN B(III). - SUSAN D. WILLIAMS $109,122 - LINDA ALBANESE $86,199 - JOANNE O'BRIEN $77,178 - ROBERT KINPOITNER $61,068 PART I, LINE 7 PRESIDENT, JAMES P. LENTINI, AND VP, MISSION INTEGRATION, DONALD MITCHELL, RECEIVED BONUSES OF $75,000 AND $10,000, RESPECTIVELY, IN CALENDAR YEAR 2024, AUTHORIZED AT THE DISCRETION OF THE BOARD FOR MEETING CERTAIN OBJECTIVE PERFORMANCE-BASED CRITERIA. THE PRESIDENT'S FULL COMPENSATION PACKAGE, INCLUSIVE OF ANY BONUSES RECEIVED, AS WELL AS THE AFOREMENTIONED FRINGE BENEFITS, IS APPROVED BY THE BOARD OF TRUSTEES TO ENSURE THAT IT ALIGNS WITH COMPENSATION PAID TO SIMILARLY SITUATED INDIVIDUALS AT EDUCATIONAL INSTITUTIONS IN THE SAME GEOGRAPHICAL REGION. ALL COMPENSATION DECISIONS APPROVED BY THE BOARD ARE MEMORIALIZED IN COMMITTEE MEETING MINUTES. A TOWN OF HEMPSTEAD LOCAL DEVELOPMENT CORPORATION 112798949 424682GE6 2014-11-14 32574808 TO FINANCE THE COST OF A NEW ACADEMIC BUILDING. 0 0 0 B TOWN OF HEMPSTEAD LOCAL DEVELOPMENT CORPORATION 112798949 424682HD7 2017-07-01 49942142 TO REFINANCE THE SERIES 2009 BONDS. 0 0 0 C TOWN OF HEMPSTEAD LOCAL DEVELOPMENT CORPORATION 112798949 424682JU7 2018-10-18 16104560 TO FINANCE THE COST OF A NEW DORMITORY BUILDING 0 0 0 A 5245000 32574808 1480180 344543 465667 30284418 2016 1 1 1 1 B 10790000 49942142 672867 48923275 2017 0 1 1 1 C 1785000 16104560 527083 322484 15135862 2019 0 0 1 1 A 0 0 0 0 0 0 1 B 0 0 0 0 0 0 1 C 0 0 0 0 0 0 1 A 0 0 0 1 0 0 0 0 1 B 0 0 0 1 0 0 0 0 1 C 0 0 0 1 0 0 0 0 1 A 1 B 1 C 1 SCHEDULE K, PART IV, LINE 2C, COLUMN A: THE UNIVERSITY COMMISSIONED AN INDEPENDENT THIRD PARTY BOND ARBITRAGE SPECIALIST TO DETERMINE WHETHER ANY ARBITRAGE EXISTED ON ITS 2014 BOND ISSUANCE. THE ARBITRAGE REPORT WAS ISSUED ON NOVEMBER 14TH, 2024 AND THE CONSULTANT CONCLUDED THAT NO REBATE WAS DUE. SCHEDULE K, PART IV, LINE 2C, COLUMN B: THE UNIVERSITY COMMISSIONED AN INDEPENDENT THIRD PARTY BOND ARBITRAGE SPECIALIST TO DETERMINE WHETHER ANY ARBITRAGE EXISTED ON ITS 2017 BOND ISSUANCE. THE ARBITRAGE REPORT WAS ISSUED ON JULY 7TH, 2022 AND THE CONSULTANT CONCLUDED THAT NO REBATE WAS DUE. SCHEDULE K, PART IV, LINE 2C, COLUMN C: THE UNIVERSITY COMMISSIONED AN INDEPENDENT THIRD PARTY BOND ARBITRAGE SPECIALIST TO DETERMINE WHETHER ANY ARBITRAGE EXISTED ON ITS 2018 BOND ISSUANCE. THE ARBITRAGE REPORT WAS ISSUED ON NOVEMBER 14, 2023 AND THE CONSULTANT CONCLUDED THAT NO REBATE WAS DUE. X 2 80214 FMV ON DATE OF DONATION 0 0 1 PART I, LINE 32B: AS PART OF ITS FUNDRAISING EFFORTS, THE UNIVERSITY SOLICITS DONATIONS FROM MANY SOURCES. IN THOSE INSTANCES WHERE IT RECEIVES NON-CASH SECURITIES, THE UNIVERSITY'S INVESTMENT MANAGER LIQUIDATES THOSE SECURITIES AND DEPOSITS THEM INTO AN ACCOUNT SET-UP TO RECEIVE SUCH FUNDS. FORM 990, PART VI, SECTION A, LINE 2 LINDA ALBANESE AND MATTHEW ALBANESE HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION A, LINE 4 DURING FISCAL YEAR 2025, THE UNIVERSITY AMENDED AND RESTATED THE BY-LAWS TO UPDATE AND CLARIFY GOVERNANCE. SIGNIFICANT CHANGES INCLUDE EXPANDING AND SPECIFYING BOARD OF TRUSTEES AUTHORITIES (INCLUDING APPROVAL OF THE ANNUAL BUDGET, OVERSIGHT OF SUBSTANTIAL PROGRAM CHANGES, AND AUTHORITY OVER MAJOR TRANSACTIONS AND INCURRENCE OF DEBT); STRENGTHENING GOVERNANCE PROCESSES FOR TRUSTEE NOMINATION, EVALUATION, AND TERMS UNDER THE GOVERNANCE COMMITTEE; FORMALIZING THE STANDING COMMITTEE STRUCTURE BY REQUIRING BOARD-APPROVED COMMITTEE CHARTERS AND PERIODIC CHARTER REVIEW; MODERNIZING BOARD MEETING PROCEDURES (INCLUDING REMOTE PARTICIPATION FOR QUORUM, UPDATED NOTICE REQUIREMENTS FOR SPECIAL MEETINGS, AND UNANIMOUS WRITTEN CONSENT); AND UPDATING INDEMNIFICATION PROVISIONS TO REFLECT APPLICABLE LIMITATIONS AND BOARD-DETERMINED INSURANCE LIMITS. FORM 990, PART VI, SECTION B, LINE 11B THE UNIVERSITY'S FORM 990 IS PREPARED BY AN INDEPENDENT THIRD PARTY ACCOUNTING FIRM IN CONJUNCTION WITH THE UNIVERSITY'S FINANCE DEPARTMENT. THE 990 IS REVIEWED IN DETAIL BY MANAGEMENT AND THEN SHARED WITH THE UNIVERSITY'S AUDIT AND COMPLIANCE COMMITTEE OF THE BOARD OF TRUSTEES. UPON APPROVAL BY THE AUDIT COMMITTEE, A COPY OF THE COMPLETE FORM 990 IS SHARED WITH THE FULL BOARD OF DIRECTOR PRIOR TO ITS FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C MEMBERS OF THE UNIVERSITY'S BOARD OF TRUSTEES AND SENIOR MANAGEMENT MAY, FROM TIME TO TIME, BE ASSOCIATED, EITHER DIRECTLY OR INDIRECTLY, WITH COMPANIES DOING BUSINESS WITH THE UNIVERSITY. THE UNIVERSITY HAS A WRITTEN CONFLICT OF INTEREST POLICY THAT REQUIRES, AMONG OTHER THINGS, THAT NO MEMBER OF THE BOARD OF TRUSTEES MAY PARTICIPATE IN ANY DECISION IN WHICH HE OR SHE HAS A MATERIAL FINANCIAL INTEREST. EACH TRUSTEE AND SENIOR MANAGER ARE REQUIRED TO CERTIFY COMPLIANCE WITH THE CONFLICT-OF-INTEREST POLICY ON AN ANNUAL BASIS AS WELL AS DISCLOSE ANY POTENTIAL RELATED-PARTY TRANSACTIONS TO THE AUDIT, RISK MANAGEMENT AND COMPLIANCE COMMITTEE. WHEN SUCH A RELATIONSHIP EXISTS, THE UNIVERSITY REQUIRES THAT SUCH TRANSACTIONS BE CONDUCTED AT ARMS' LENGTH, WITH TERMS THAT ARE FAIR AND REASONABLE TO AND FOR THE BENEFIT OF THE UNIVERSITY. FOR SENIOR MANAGEMENT, THE UNIVERSITY REQUIRES ANNUAL DISCLOSURE OF SIGNIFICANT FINANCIAL INTERESTS IN, OR GOVERNANCE OF EMPLOYMENT OR CONSULTING RELATIONSHIPS WITH, ENTITIES DOING BUSINESS WITH THE UNIVERSITY. WHEN SUCH RELATIONSHIPS EXIST, MEASURES ARE TAKEN TO APPROPRIATELY MANAGE THE ACTUAL OR PERCEIVED CONFLICT IN THE BEST INTEREST OF THE UNIVERSITY. NO RELATED PARTY TRANSACTIONS EXISTED FOR FISCAL YEAR 2025 AND 2024 THAT REQUIRE DISCLOSURE. FORM 990, PART VI, SECTION B, LINE 15A COMPENSATION OF THE PRESIDENT OF THE UNIVERSITY IS APPROVED BY THE BOARD OF TRUSTEES. THE COMPENSATION OF THE PRESIDENT IS BASED ON SEVERAL FACTORS, INCLUDING DATA COLLECTED FROM AND COMPARED TO VARIOUS UNIVERSITIES AND UNIVERSITIES IN OUR PEER GROUP. FORM 990, PART VI, SECTION C, LINE 19 THE UNIVERSITY DOES NOT POST ITS FINANCIAL STATEMENTS ON ITS WEBSITE. COPIES ARE MADE AVAILABLE UPON REQUEST. THE FORM 990 IS POSTED ON GUIDESTAR AND IS MADE AVAILABLE IN THE UNIVERSITY'S FINANCE OFFICE. BYLAWS AND OTHER GOVERNING DOCUMENTS ARE MAINTAINED ON PREMISES AND AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: UNCOLLECTIBLE STUDENT TUITION (BAD DEBT) -1,397,377.