Marymount Manhattan College

“Board review of form 990 the form 990 is prepared internally by the staff of the college. The draft return is then reviewed by an independent accounting firm, and is modified until both are satisfied with the return. The audit committee chair reviews the form 990 (including schedule b). Then the form 990 (not including schedule b) is reviewed and approved in a meeting attended by the audit committee chair, committee members, management and the independent accountants. After approval, the entire board of trustees is provided a public inspection copy of the return for review prior to filing the return with the irs. The audit committee chair, executive vice president of administration and finance and the independent accountants are available to the board for questions. Because the board of trustees is provided with a public inspection copy of the return (i.e., form 990, with schedule b information redacted), part vi, line 11 has been answered as no.”

“Conflict of interest policy the trustees of marymount manhattan college are elected to serve the college and are expected to carry out their duties in a manner that inspires and assures the confidence of the college and the broader community. All actions by trustees with respect to the college and its property must be taken solely on the basis of a desire to advance the best interests of the college. Trustees shall not use their positions as trustees, or knowledge gained therefrom, so that a conflict might arise between the interests of the college and the individual interests of the trustees. The college's trustees inevitably are involved in the affairs of other institutions and organizations. Trustees may from time to time have relationships and affiliations that may raise questions about perceived conflicts of interest. Although many such potential conflicts are and will be deemed inconsequential, each trustee has the responsibility to ensure that the entire board is made aware of situations that involve personal, familial or business relationships that could be potential conflicts. Thus, the board requires each trustee (a) confirm that he or she is familiar with this policy, (b) disclose to the board chair any possible personal, familial or business relationships that might give rise to a conflict of interest or the appearance of a conflict of interest involving the college, and (c) agree to serve only in accordance with the letter and spirit of this policy. A form for this purpose is attached, and shall be completed by each trustee at least annually. A "business relationship" is one in which a trustee or a member of his or her family serves as an officer, director, employee, partner, trustee or controlling stockholder of an organization that does business with the college. A "family member" is a spouse, parent, sibling or child of a trustee, or any other relative living in the trustee's household. If a trustee is uncertain whether to disclose a particular relationship, the board chair should be consulted. The chair may elect to seek the judgment of the executive committee in determining whether a relationship gives rise to a conflict of interest or should otherwise be disclosed to the board. The chair and the executive committee shall keep any consultation confidential unless and until they determine that the best interests of the college require disclosure. A trustee who has a conflict of interest shall not participate in any consideration by the board of a matter relating to the conflict.”

“COMPENSATION REVIEW THE ORGANIZATION HAS INSTITUTED A PROCESS TO REVIEW THE COMPENSATION PAID TO ITS PRESIDENT, OFFICERS, AND KEY EMPLOYEES GIVING RISE TO A REBUTTABLE PRESUMPTION THAT THE COMPENSATION IS REASONABLE IN ACCORDANCE WITH treas. reg. 53.4958-6. COMPENSATION FOR THE PRESIDENT, EXECUTIVE VICE PRESIDENT OF ADMINISTRATION AND FINANCE, VICE PRESIDENT OF ACADEMIC AFFAIRS, VICE PRESIDENT OF INSTITUTIONAL ADVANCEMENT, AND THE VICE PRESIDENT OF STUDENT AFFAIRS IS DETERMINED BY A PROCESS THAT INCLUDES THE USE OF COMPARABILITY DATA, REVIEW AND APPROVAL BY THE COMPENSATION COMMITTEE OF THE COLLEGE'S BOARD OF TRUSTEES, AND CONTEMPORANEOUS RECORDKEEPING OF DELIBERATIONS AND DECISIONS.”

“Public disclosure of governing documents the college makes its form 990 and financial statements available to the public through its website. The form 990 is also available on www.guidestar.org. Other governing documents and conflict of interest policy are not available to the public.”

“Marymount manhattan college was founded in 1936 by the religious of the sacred heart of mary as a two-year women's college and at the time was a new york city extension of marymount college in tarrytown, new york. In 1948, the college moved to its present location on east 71st street in new york city and became a four-year bachelor's degree-granting institution; the first class graduated from the college in 1950. In 1961, the regents of the university of the state of new york granted marymount manhattan an absolute charter as an independent four-year college. Marymount manhattan has been an accredited member of the middle states association of colleges and secondary schools since that time. Faithful to the vision of its founders, marymount manhattan is thriving as a nonsectarian, coeducational, independent college of the liberal arts, attracting and serving a diverse community of students, faculty, and staff. As the college moves forward with its five-year 2013-2017 strategic plan, 'developing a sustainable model', rooted in heritage, values and strengths of marymount manhattan and focuses on advancing the mission by improving academic quality, strengthening finances and enhancing facilities, we remain committed to serving a socially and economically diverse population. In addition to keeping tuition affordable, the ability to offer assistance to students in need is essential to achieve this goal.”

“The 55th street residence has suite-style arrangements just 16 blocks from the college. Each suite consists of two bedrooms furnished with loft beds, dressers, and desks, a kitchen and a bathroom, plus cable, and wi-fi access. The building is staffed with 24-hour security and features other amenities such as a laundry room, convenience store, lounge space, gym, and balcony. Cooper square is a new residence hall that opened in fall 2015 in manhattan's east village neighborhood on east 6th street and cooper square. Students live in double or triple rooms within a suite that has two or three bedrooms, a kitchenette, and one or two bathrooms. Ra staff live in single rooms within a larger suite. All students are provided with a bed, desk, dresser, wardrobe, cable access, and wi-fi. Cooper square has 24 hour security and a lounge level (open 24 hours), that contains a lounge, a study room, a gym, laundry facilities, bike storage, and a mailroom. There is an outdoor terrace on the 7th floor. Students living in the 1760 third avenue residence hall, which is located at 97th street and third avenue, reside in double and triple rooms with private bathrooms, refrigerator and microwave. Each student has a bed, dresser, and desk. 1760 third avenue residence hall is staffed with 24-hour security and offers a 3,500 square foot, on-site fitness facility, movie screening room, game room, laundry facilities, communal kitchens, lounge space, and access to computers and a 24-hour study lounge.”

“The program for academic access assists learning-disabled students through tutoring services, counseling, advisement, and priority registration. Once accepted into the program, students' psycho-educational evaluations are carefully examined and personalized assistance is given to each student in planning their program. In addition to basic accomodations, the program provides two hours of individual tutoring per week with professional, math tutoring as needed, academic coaching to develop executive functioning skills for time management and organization of work, academic advisement and counseling that is tailored to suit the individual needs of our students, priority registration for courses, note takers for applicable courses, extended testing times, monthly parent meetings throughout the academic year, and technical support, including kurzweil 3000 software available in the shanahan library. To ensure that marymount manhattan college can foster a nurturing environment with specialized attention for each student, the academic access program admits a small number of students each year.”

“In 2015, the college adopted asu no. 2015-03, simplifying the presentation of debt issuance costs, which requires debt issuance costs related to a recognized debt liability to be presented on the balance sheets as a direct deduction from the debt liability. The college applied the provision update restrospectively to 2014. As a result, the presentation for prior year year amounts has been adjusted on part 1 and part x.”