Ithaca College

“Independent voting members members of the board of trustees are deemed to be non-independent if they have a compensatory relationship with the college, either because the individual receives w-2 wages from the college, a family member is employed by the college, or because the individual has a conflict relationship requiring disclosure on schedule l of the form 990. The following individuals have compensation relationships with the college: kristin r. Muenzen, mary george opperman, kalena a. Yearwood, casey l. Kendall, baruch j. Whitehead, and la jerne terry cornish.”

“Form 990 review process the college's department of financial services compiles the underlying records and prepares supporting schedules used in the preparation of the form 990. The college uses an external tax service provider to prepare and review the form 990. The vice president of finance and administration and other knowledgeable persons review the form 990 prior to submitting the form 990 to the board of trustees for review. The audit committee of the board of trustees engages in an additional review of the form 990 with the external tax service provider and persons from the college's office of business and finance. The full board of trusteess receives a complete copy of the form 990 prior to filing the form.”

“Conflict of interest policy all trustees and senior management complete annual conflict of interest forms. The forms are submitted to the secretary of the board and all disclosed conflicts are forwarded to the chair of the audit committee for review and on-going monitoring.”

“Process for determining executive compensation for top management officials - the governance & compensation/assessment committee annually collects comparability data to be used in establishing presidential compensation. This data is gathered using the assistance of non-interested parties including external consultants and the college's office of human resources. The governance & compensation/assessment committee makes a recommendation to the executive committee for their review. The executive committee reports to the full board of trustees the details of the review. The full board has final approval of compensation. For other officers and key employees - human resources obtains comparability data on compensation which is shared with the president. The president reviews the data and compensation with the governance & compensation/assessment committee. The president annually reviews the compensation policies for officers of the college.”

“Making organizational documents available to the public the public may access the college's governing documents, conflict of interest policy, and financial statements by visiting the college's website or by contacting the office of the vice president of finance administration at the contact information disclosed in part vi section c line 20. The college makes its irs determination letter confirming its tax-exempt status available to the public at its place of business upon request in lieu of the form 1023 which is no longer available.”

“The covid-19 pandemic continues to have significant effects on higher education, global markets, supply chains, businesses, and communities. Specific to the college, covid-19 has impacted various parts of its operations and financial results and may impact portions of its operations and financial results in the future, including, but not limited to, declines in enrollment, loss of auxiliary revenues, additional bad debts, costs for increased use of technology and safety protocols, or potential shortages of personnel. Management believes that the college is taking appropriate actions to mitigate the negative impact. The higher education emergency relief fund ("heerf") provides funding to institutions for emergency financial aid grants to students as well as funding to support institutional costs incurred related to the pandemic. For the years ended june 30, 2022 and 2021, $6,905,444 and $1,555,272, respectively, was disbursed directly to qualifying students for emergency aid and passed through the statement of financial position. For the years ended june 30, 2022 and 2021, $15,000 and $10,409,176, respectively, was used to support costs incurred related to the pandemic and to offset lost revenue. Such revenue is recognized under the provisions of the heerf programs and is recorded as government grants and contracts within the statement of revenue. In addition to the preceding heerf funds, the college received funds from the federal emergency management agency ("fema") public assistance ("pa") program, which provides funding to government entities and certain private nonprofit organizations for the provision of personal protective equipment and disinfecting services and supplies. For the year ending june 30, 2022, the college recognized $1,857,320 as revenue from the fema pa program, and recorded this amount as government grants and contracts within the accompanying statement of revenue.”

“Vision: a global destination for bold thinkers seeking to build thriving communities. Mission: educate, engage, and empower through theory, practice, and performance. Values: academic excellence, respect and accountability, innovation, sustainability, and equity. All of these values are interrelated and equally critical to accomplishing ithaca college's vision and mission. Academic excellence. Ithaca college views academic excellence as the integration of theory, practice, and performance. The college's unique fusion of the liberal arts and professional programs assumes that knowledge needs to inform and be informed by hands-on experience, real-life application, and concrete action. Curricular and co-curricular activities should provide all community members with opportunities to develop, debate, and critically evaluate strategies to address complex problems. Respect and accountability. Mutual care, respect, and accountability are expected in all facets of institutional life. Ithaca college values every community member's dignity and seeks to create a social environment where everyone can flourish and be their authentic self. As members of a thriving community, we demonstrate practices that foster a sense of belonging, shared responsibility, collaboration, innovation, and achievement. Accountability to ithaca college's values and policies gives us the opportunity to consider the consequences of our actions, to self-examine, and to find ways to restore trust and forgiveness when harm is caused. A culture of care and love grows when we respectfully engage in learning opportunities that help us shift out of our presumed paradigms. Innovation. A culture of innovation enables us to remain forward thinking, nimble, and adaptable to social and technological change. When people from diverse backgrounds and experiences are empowered to exchange ideas and collaboratively problem-solve, innovation grows, creativity sparks, and institutional and personal goals are achieved. Collaboration between the professional and liberal arts traditions cultivates academic excellence in the spirit of theory, practice, and performance. Sustainability. Adopting institutional strategies that offer ecological and resource-based sustenance to the people and places of ithaca college ensure its futurity. Sustainability means increasing our usage of renewable energy sources and reducing our carbon footprint because we understand the impact of our decisions on the community and the planet. It means practicing good stewardship of financial resources. It means fostering connections among students, faculty, staff, alumni, and administrators to serve the public good. We activate critical thinking, scholarly inquiry, professional skills, and performance in order to positively impact, sustain, and advance our local and global communities. Equity. We adopt an equity framework that proactively seeks to make ithaca college accessible, affordable, and inclusive for all people, especially those impacted by systemic disadvantage, marginalization, and exclusion. This endeavor requires resource allocation as well as organizational structures that facilitate equity. It demands adopting strategies for increasing the representational diversity of students, faculty, and staff who are currently underrepresented in higher education. It also means implementing inclusive policies and practices proven to foster the retention, belonging, and advancement of people who face systemic disadvantages and discrimination based on race, gender, sexual orientation, religion, ability, and national origin. Finally, an equity framework assumes inclusive decision-making processes, transparency, and accountability as the primary ways of working together.”

“Instruction, research, and public service: ithaca college is a private, nonsectarian, coeducational liberal arts college located in ithaca, new york. The princeton review consistently names the college among the best colleges in the nation, with "the best 388 colleges: 2023 edition" awarding the college high rankings on lists for best college newspaper, best college radio station, best college theater, and top 50 green colleges. In fall 2022, the college enrolled 4,521 full-time and 98 part-time undergraduate students as well as 435 graduate students. Approximately 55% of the undergraduate student body resides in on-campus housing. For the 2021-2022 academic year, the college conferred 1,269 undergraduate and 216 graduate degrees, and employed 400 full-time and 132 part-time and adjunct faculty. The college offers a curriculum for 87 undergraduate major degree programs and 21 graduate major degree programs in its five schools, while also offering 78 undergraduate minor programs. Roy h. Park school of communications: the school of communications, recognized as a leading undergraduate communications school, is known for its prominent student-run media vehicles, including: the ithacan, the college's official weekly newspaper; ithaca college television; and the wicb radio station. The school also offers the los angeles program, an internship-based program that provides students with professional experience in their chosen field while taking industry-related courses at the james b. Pendleton center, located minutes from burbank and hollywood. School of business: accredited by the association of advance collegiate schools of business (aacsb), the school of business offers a rigorous professional education, offering a range of undergraduate programs, concentrations, and minors, as well as graduate level and certificate programs. Students participate in the professions program, a professional development curriculum that allows students to develop progressive skills and gain experiences that will prepare them for competitive internships and careers. School of music: tracing its roots to the college's founding in 1892 as a conservatory of music, the school of music provides state-of-the-art facilities, features over 25 ensembles, and presents about 400 performances annually. The school is host to several summer music opportunities to musicians of all ages, including the summer music academy and the summer piano institute, and is accredited by the national association of schools of music. Through the music in the community program, the school connects students with the community by creating performance and teaching opportunities in the greater ithaca area. School of humanities & sciences (h&s): a liberal arts education in the school of h&s prepares students for life in a rapidly changing, multicultural, and globally inclusive world. H&s students receive a broad foundational understanding of issues facing the human community. Students build their own integrative and cross-disciplinary version of an h&s education. The department of theatre arts draws students from across the united states and the world, and is accredited by the national association of schools of theatre. School of health sciences and human performance (hs&hp): the school of hs&hp's students touch people's lives as clinicians, therapists, researchers, administrators, and sport professionals. Hs&hp students choose from a robust array of organizations across the nation to engage in internships and fieldwork, and can help clients at one of four on-campus clinics. The school offers a range of undergraduate programs, as well as graduate programs in areas of exercise and sport sciences, occupational therapy, physical therapy, physician assistant studies and speech-language pathology and audiology. Students are encouraged to participate in one of the college's many study abroad opportunities. The college operates the ithaca college london center, which is located in the heart of t”

“Auxiliary services: auxiliary enterprises exist to furnish goods or services to students, faculty, staff, and other institutional departments. Auxiliary enterprises are managed to operate as self-supporting activities. Major auxiliary enterprises at the college include the following: dining services, which operates multiple residential and retail dining facilities located throughout the campus; the campus store, which purveys textbooks, apparel, supplies and accessories; and conference and event services, which provides a full range of meeting and event services.”

“Student services: student services includes expenses incurred for offices of admissions and the registrar, student aid administration, and activities with the primary purpose of contributing to students' emotional and physical well-being and intellectual, cultural, and social development outside the context of the formal instruction program. Student services also includes the college's multitude of athletics programs. The college's varsity teams compete at the division iii level of the ncaa. The college is also a member of the eastern college athletic conference and the liberty league. Intercollegiate sports include baseball, basketball, crew, cross country running, field hockey, football, golf, gymnastics, lacrosse, sculling, soccer, softball, swimming & diving, tennis, track & field, volleyball, and wrestling. The college also has a large intramural sports program, in which approximately 20% of students participate, and which offers a variety of sports including soccer, volleyball, flag football, and basketball, in addition to single day events such as tennis tournaments and battleship. The college is also home to more than 60 club sports, many of which compete regularly against other colleges in leagues and tournaments. Student services also includes expenses for the office of student engagement and multicultural affairs, which provides the first-year experience and orientation, and oversees student activities, multicultural events, and student organizations. The center for career exploration and development, serving both students and alumni, provides career-related education, experiential learning, professional development, and post-graduate opportunities for the benefit of students and alumni.”

“Postretirement benefits gain other than net periodic benefit cost 1,871,026. Adjustment to liabilities for perkins loan program 12,009. Adjustment to liabilities for gate loan program 38,135. Adjustment to liabilities for self-insured health care 134,868. Adjustment to liabilities for other employee benefits 352,227. Change in valuation of charitable giving annuity agreements 88,550. Change in fair value of interest rate swap agreements 745,146.”