2025-05-09T09:44:45-05:00 2024-06-30 991856619 GRANT THORNTON ADVISORS LLC 757 THIRD AVENUE 3RD FLOOR NEW YORK NY 100172013 990 2023-07-01 150532204 ITHACA COLLEGE ITHA 6072743118 953 DANBY ROAD ITHACA NY 14850 TIMOTHY DOWNS CFO & VP FINANCE & ADMIN 6072743118 2025-05-09 1 1 SCOTT THOMPSETT P00741490 2125990100 2023 2025-03-06 01:10:19Z LA JERNE TERRY CORNISH 953 DANBY ROAD ITHACA NY 14850 726421733 0 X WWW.ITHACA.EDU X 1892 NY OUR MISSION IS TO EDUCATE, ENGAGE, AND EMPOWER THROUGH THEORY, PRACTICE, AND PERFORMANCE. 30 26 3934 26 -736780 0 12066816 15872024 295367090 295840461 49596709 56674161 1045459 1191814 358076074 369578460 120395050 122893519 0 0 122915951 129755073 0 0 2832010 78659602 79850088 321970603 332498680 36105471 37079780 849515520 874485054 167843111 163091892 681672409 711393162 X SEE SCHEDULE O 0 0 200436811 117900244 233456482 SEE SCHEDULE O 43570683 4564650 61304725 SEE SCHEDULE O 31672622 157967 1442985 SEE SCHEDULE O 16739350 270658 0 OTHER PROGRAM SERVICES:ACADEMIC SUPPORT INCLUDES EXPENSES INCURRED TO PROVIDE SUPPORT SERVICES FOR THE COLLEGE'S PRIMARY PROGRAM SERVICE OF INSTRUCTION, RESEARCH, AND PUBLIC SERVICE. IT INCLUDES THE FOLLOWING ACTIVITIES: THE RETENTION, PRESERVATION, AND DISPLAY OF EDUCATIONAL MATERIALS AT THE ITHACA COLLEGE LIBRARY, THE HANDWERKER GALLERY, AND OTHER GALLERY SPACES; INFORMATION TECHNOLOGY SERVICES DEPLOYED AT THE COLLEGE, PARTICULARLY SERVICES WITHIN THE THEMES OF CAMPUS ENGAGEMENT AND TEACHING & LEARNING; ACADEMIC ADMINISTRATION AND PERSONNEL PROVIDING ADMINISTRATIVE SUPPORT AND MANAGEMENT DIRECTION TO THE PRIMARY PROGRAM SERVICE; AND SEPARATELY BUDGETED SUPPORT FOR COURSE AND CURRICULUM DEVELOPMENT. 16739350 270658 0 292419466 1 1 0 1 0 0 1 1 0 1 1 1 0 0 1 1 1 0 1 1 1 1 1 0 0 0 0 1 1 1 1 0 0 0 0 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 1 553 0 1 3934 1 1 1 1 UK 0 0 0 0 1 0 0 0 0 0 X 30 26 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X X TIMOTHY DOWNS - CFO & VP FINANCE & ADMIN 6072743118 953 DANBY ROAD ITHACA NY 14850 LA JERNE TERRY CORNISH PRESIDENT 40.00 0.00 X X 603903 0 141531 CASEY L KENDALL TRUSTEE (THRU 06/30/2024)/STAFF 40.00 0.00 X 152238 0 37399 BARUCH J WHITEHEAD TRUSTEE (THRU 06/30/2024)/FACULTY 40.00 0.00 X 115260 0 17408 ALEXA RAHMAN TRUSTEE, STUDENT (THRU 06/30/24) 1.00 0.00 X 332 0 0 DAVID H LISSY CHAIR (THRU 06/30/24) 1.00 0.00 X X 0 0 0 JAMES W NOLAN JR VICE CHAIR (THRU 06/30/24) 1.00 0.00 X X 0 0 0 ROSANNA AYBAR TRUSTEE 1.00 0.00 X 0 0 0 MONICA L BERTINO WOODEN TRUSTEE (AS OF 07/23) 1.00 0.00 X 0 0 0 LUVELLE BROWN TRUSTEE 1.00 0.00 X 0 0 0 MICHAEL J CONOVER TRUSTEE 1.00 0.00 X 0 0 0 NANCY L DANIELS TRUSTEE (AS OF 07/23) 1.00 0.00 X 0 0 0 JACK H DEMBOW TRUSTEE 1.00 0.00 X 0 0 0 MICHAEL J DEVITO TRUSTEE (AS OF 07/23) 1.00 0.00 X 0 0 0 KENNETH FISHER TRUSTEE 1.00 0.00 X 0 0 0 DAVID FLEISHER II TRUSTEE 1.00 0.00 X 0 0 0 THADDEUS J FORTIN TRUSTEE (THRU 06/30/24) 1.00 0.00 X 0 0 0 GARY J GROSS TRUSTEE (THRU 06/30/24) 1.00 0.00 X 0 0 0 KIRK HARBINGER TRUSTEE 1.00 0.00 X 0 0 0 TRACI HUGHES TRUSTEE 1.00 0.00 X 0 0 0 DAVID MEBERG TRUSTEE 1.00 0.00 X 0 0 0 KRISTIN R MUENZEN TRUSTEE 1.00 0.00 X 0 0 0 JOHN NEESON TRUSTEE 1.00 0.00 X 0 0 0 WILLIAM J NELLIGAN III TRUSTEE (THRU 06/30/24) 1.00 0.00 X 0 0 0 CHRISTOPHER D PALMIERI TRUSTEE 1.00 0.00 X 0 0 0 CARLOS W PERKINS TRUSTEE (AS OF 07/23) 1.00 0.00 X 0 0 0 PAULA M ROONEY TRUSTEE 1.00 0.00 X 0 0 0 JEFFREY J SELINGO TRUSTEE 1.00 0.00 X 0 0 0 PETER R TAFFAE TRUSTEE 1.00 0.00 X 0 0 0 JAMES E TAYLOR TRUSTEE 1.00 0.00 X 0 0 0 DOUGLAS M WEISMAN TRUSTEE 1.00 0.00 X 0 0 0 TIMOTHY C DOWNS VP FINANCE & ADMINISTRATION, CFO 40.00 0.00 X 279586 0 49630 MELANIE STEIN PROVOST & SENIOR VP ACADEMIC AFFAIRS 40.00 0.00 X 292908 0 23656 DAVID L WEIL - VP CHIEF INFORMATION AND ANALYTICS OFFICER 40.00 0.00 X 220598 0 50066 EMILY ROCKETT VP GENERAL COUNSEL & BOARD SECRETARY 40.00 0.00 X 226459 0 27304 BONNIE PRUNTY THRU 0624 VP STUDENT AFFAIRS & CAMPUS LIFE 40.00 0.00 X 206740 0 27816 LAINE NORTON AS OF 0723 VP ADVANCEMENT 40.00 0.00 X 128985 0 14680 MARK EYERLY AS OF 0723 VP MARKETING & COMMUNICATIONS 40.00 0.00 X 124089 0 18390 STANLEY BAZILE AS OF 0624 VP STUDENT AFFAIRS & CAMPUS LIFE 40.00 0.00 X 0 0 0 ROCK HALL AS OF 0224 VP ENROLLMENT MGMT & STUDENT SUCCESS 40.00 0.00 X 0 0 0 MICHAEL JOHNSON-CRAMER DEAN, BUSINESS 40.00 0.00 X 242029 0 48259 AMY FALKNER DEAN, COMMUNICATIONS 40.00 0.00 X 224359 0 45607 ANNE HOGAN THRU 0624 DEAN, MUSIC THEATRE AND DANCE 40.00 0.00 X 229779 0 27504 CLAIRE GLEITMAN DEAN, H&S 40.00 0.00 X 202507 0 26858 KIRRA FRANZESE ASSOCIATE VP, CHIEF HUMAN RESOURCES 40.00 0.00 X 192182 0 35263 JAMES A YAGGIE PROFESSOR, DIRECTOR HS&HP 40.00 0.00 X 175872 0 73581 M QUINCY DAVIDSON THRU 0424 ASSISTANT VP FOR ENGAGEMENT 40.00 0.00 X 183506 0 32930 MARIE C BLOUIN ASSOCIATE PROFESSOR & CHAIR 40.00 0.00 X 175392 0 32746 MARGARET B SHACKELL ASSOCIATE PROFESSOR & DIRECTOR 40.00 0.00 X 175281 0 12219 STEPHEN TROPIANO PROFESSOR & LA PROGRAM DIRECTOR 40.00 0.00 X 188591 0 20861 LAURIE M KOEHLER VP MARKETING & ENROLL (THRU 06/23) 0.00 0.00 X 154538 0 26006 NICOLE EVERSLEY BRADWELL EXECUTIVE DIRECTOR, ADMISSION 40.00 0.00 X 122296 0 19340 LINDA PETROSINO DEAN, HS&HP (THRU 06/23) 0.00 0.00 X 269456 0 40765 ALKA BRAMHANDKAR PROFESSOR 40.00 0.00 X 141981 0 31102 JOHN I POWERS PROFESSOR 40.00 0.00 X 137616 0 39634 KEITH A KAISER PROFESSOR 40.00 0.00 X 138832 0 25825 DIANE M GAYESKI PROFESSOR 40.00 0.00 X 109667 0 18386 5414982 0 964766 150 1 1 0 ARCHITECTURAL CONCRETE PLUS LLC 69 HOLLISTER ST DUNDEE NY 148371119 GENERAL CONSTRUCTION 6006752 BURTON F CLARK INC 41155 STATE HIGHWAY 10 DELHI NY 137533213 GENERAL CONSTRUCTION 2939350 APOGEE TELECOM INC 1905A KRAMER LN AUSTIN TX 787584009 IT DATA SERVICES 1551312 VANDIS INC 1 ALBERTSON AVE STE 1 ALBERTSON NY 115071444 IT NETWORKING SERVICES 1456911 CAYUGA MEDICAL ASSOCIATES PC 101 DATES DR ITHACA NY 148501342 MEDICAL SERVICES 1407203 53 6222513 9649511 1254692 15872024 TUITION & FEES 900099 233027758 233027758 ROOM & BOARD 721310 56431561 56431561 STUDENT INSURANCE 900099 2099280 2099280 ANCILLARY STUDENT SVCS 611710 1442985 1442985 CAMPUS DINING SERVICES 900099 1109155 1109155 1729722 794723 194394 740605 295840461 10368090 -933002 11301092 45385 45385 347182 0 347182 347182 1828 345354 401435811 936187 355857194 208733 45578617 727454 46306071 46306071 1141077 777346 363731 363731 REBATES & REFUNDS 900099 257913 257913 COMMISSIONS 900099 64236 64236 113367 113367 435516 369578460 295269193 -736780 59174023 411510 411510 116962094 116962094 5519915 5519915 4792348 1353888 3160166 278294 1146688 1001652 145036 94536111 80113036 13130834 1292241 5899796 5049533 774944 75319 16717655 14105447 2370738 241470 6662475 5468465 1089868 104142 407351 407351 225832 225832 1729983 1729983 3822405 2657925 967520 196960 1026560 529328 495250 1982 6991901 5725020 1092717 174164 8902333 3121362 5596248 184723 9125442 8720047 405395 3994202 3531823 373054 89325 1588944 1093992 368201 126751 4447710 4395399 52311 19855764 18609476 1187501 58787 3735859 2622148 1113711 FOOD SERVICE EXPENSE 4703957 4703957 DUES & MEMBERSHIPS 2049259 1814994 227028 7237 REPAIRS & MAINTENANCE 1996698 1642457 354241 STUDENT HEALTH SERVICES 1947838 1947838 3298050 1318160 1979275 615 332498680 292419466 37247204 2832010 1160564 877852 12589538 7642020 1784828 1958610 5070986 3663024 2497622 1208830 595679 982925 4628990 4577078 687143169 345709437 340750868 341433732 290000198 259570779 181504625 243473166 8931622 9097038 849515520 874485054 22980358 24577839 3284027 3570365 93145370 89067374 18708083 17426254 29725273 28450060 167843111 163091892 X 523678739 542092418 157993670 169300744 681672409 711393162 849515520 874485054 X 37079780 -8311071 273862 678182 X 0 1 X 1 1 1 X 14325948 24098826 14552419 12066816 15872024 80916033 14325948 24098826 14552419 12066816 15872024 80916033 105337 80810696 8492161 7755217 11795803 11557045 11691830 51292056 52243 0 295615 290348 210 638416 3728683 1095032 2514517 2489104 2059285 11886621 144733126 1483304335 0.55830 0.47560 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: GROSS SALES OF INVENTORY - 2019 AMOUNT: $ 2,088,598. 2020 AMOUNT: $ 568,379. 2021 AMOUNT: $ 1,396,104. 2022 AMOUNT: $ 1,370,738. 2023 AMOUNT: $ 1,141,077. OTHER PROGRAM REVENUE - 2019 AMOUNT: $ 1,108,174. 2020 AMOUNT: $ 317,832. 2021 AMOUNT: $ 696,545. 2022 AMOUNT: $ 711,356. 2023 AMOUNT: $ 740,605. FUNDRAISING EVENTS REVENUE - 2019 AMOUNT: $ 26,612. 2020 AMOUNT: $ 0. 2021 AMOUNT: $ 0. 2022 AMOUNT: $ 0. 2023 AMOUNT: $ 0. MISCELLANEOUS REVENUE - 2019 AMOUNT: $ 505,299. 2020 AMOUNT: $ 208,821. 2021 AMOUNT: $ 421,868. 2022 AMOUNT: $ 407,010. 2023 AMOUNT: $ 113,367. COMMISSIONS - 2019 AMOUNT: $ 0. 2020 AMOUNT: $ 0. 2021 AMOUNT: $ 0. 2022 AMOUNT: $ 0. 2023 AMOUNT: $ 64,236. SCHEDULE A,PART II, COLUMN B: THE 2019 COLUMN INCLUDES THE AMOUNTS REPORTED ON THE FULL YEAR TWELVE-MONTH FORM 990 FOR THE YEAR ENDING MAY 31, 2019 AND A SHORT PERIOD FORM 990 FOR THE ONE-MONTH PERIOD JUNE 1, 2019 THROUGH JUNE 30, 2019. THUS, THIS COLUMN IS REFLECTIVE OF THE COLLEGE'S THIRTEEN-MONTH PERIOD INCOME STATEMENT ACTIVITY. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 0 0 0 0 0 0 1 9071 9071 0 PART II-B, LINE 1: THE COLLEGE IS A MEMBER OF ORGANIZATIONS LISTED AS REGISTRANTS ON THE LOBBYING DISCLOSURE ACT DATABASE. LINE 1(I) REPORTS 25% OF MEMBERSHIP DUES PAID TO THESE ORGANIZATIONS DURING THE COLLEGE'S FISCAL YEAR. ON OCCASION, A HANDFUL OF ITHACA COLLEGE STAFF MAY PARTICIPATE IN DE-MINIMIS LOBBYING ACTIVITIES TO ADVOCATE FOR FEDERAL, STATE AND LOCAL LEGISLATION THAT MAY BENEFIT THE COLLEGE AND ITS STUDENTS. THE COLLEGE DOES NOT REQUIRE THESE STAFF MEMBERS TO SPECIFICALLY IDENTIFY THE MINIMAL TIME SPENT RELATIVE TO SUCH LOBBYING ACTIVITIES AND SO NO COSTS HAVE BEEN QUANTIFIED IN THE SCHEDULE C LOBBYING EXPENDITURES REPORTED ABOVE. X X 2 101.00 1 1 40.00 0 1 1291000 X 0 373689268 5246087 39869628 4017106 11592153 403195724 356782996 1992372 30243097 4320003 11009194 373689268 425199038 3899230 -58191260 4311099 9812913 356782996 337301846 1742339 100494402 4018894 10320655 425199038 347334887 2098148 1411286 4885423 8657052 337301846 0.61070 0.23400 0.15530 0 0 13477359 13477359 576417909 294479433 281938476 6722535 2403341 4319194 42439229 23298564 19140665 48086137 25528099 22558038 341433732 GLOBAL EQUITY FUNDS 93899389 F ABSOLUTE RETURN FUNDS 56640858 F PRIVATE EQUITY FUNDS 45733938 F REAL ASSET FUNDS 21261616 F FIXED INCOME FUNDS 25937365 F 243473166 POSTRETIREMENT BENEFIT OBLIGATION 13028237 OPERATING LEASE LIABILITY 8735048 INTEREST RATE SWAP AGREEMENTS 2494591 US GOVERNMENT GRANTS REFUNDABLE 2055313 CONDITIONAL ASSET RETIREMENT OBLIGATIONS 1900896 FINANCE LEASE LIABILITY 235975 28450060 X 238539074 -8311071 291855 -8019216 246558290 1729983 121290187 123020170 369578460 209478510 777346 777346 208701164 1729983 122067533 123797516 332498680 PART II, LINE 9: HOW THE ORGANIZATION REPORTS CONSERVATION EASEMENTS THE CONSERVATION EASEMENTS ARE NOT REPORTED ON THE BALANCE SHEET OR IN FOOTNOTES TO THE ORGANIZATION'S FINANCIAL STATEMENTS. THE AMOUNTS ARE CONSIDERED IMMATERIAL. PART III, LINE 4: DESCRIPTION OF THE ORGANIZATION'S COLLECTIONS AND HOW THEY FURTHER ITS EXEMPT PURPOSE THE COLLEGE'S COLLECTIONS CONSIST OF VARIOUS WORKS OF ART INTENDED TO SUPPORT THE COLLEGE'S MISSION TO FOSTER INTELLECTUAL GROWTH, AESTHETIC APPRECIATION, AND CHARACTER DEVELOPMENT IN OUR STUDENTS. PART V, LINE 4: INTENDED USES OF ENDOWMENT FUNDS THE INTENDED USE OF THE COLLEGE'S ENDOWMENT FUNDS IS TO PROVIDE SCHOLARSHIPS AND GRANTS TO STUDENTS, AND TO SUPPORT THE COLLEGE'S EDUCATIONAL PROGRAMS. PART X, LINE 2: FIN 48 DISCLOSURE THE COLLEGE 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 COLLEGE 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. MANAGEMENT BELIEVES THERE ARE NO UNCERTAIN TAX POSITIONS FOR THE YEAR ENDED JUNE 30, 2024. PART XI, LINE 2D - OTHER ADJUSTMENTS: REFUND OF PRIOR YEAR EXPENDITURES 273,862. ADJUSTMENT TO LIABILITIES FOR PERKINS LOAN PROGRAM 26,058. ADJUSTMENT TO LIABILITIES FOR GATE LOAN PROGRAM 16,797. ADJUSTMENT TO LIABILITIES FOR SELF-INSURED HEALTH CARE -24,862. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID NETTED WITH STUDENT RELATED REVENUES 122,067,533. COST OF GOODS SOLD (CAMPUS STORE) -777,346. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD (CAMPUS STORE) 777,346. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID NETTED WITH STUDENT RELATED REVENUES 122,067,533. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 NONDISCRIMINATORY POLICY THE COLLEGE'S NONDISCRIMINATORY POLICY APPEARS ON THE COLLEGE'S WEBSITE. SCHEDULE E, PART I, LINE 6 THE COLLEGE RECEIVES ASSISTANCE FROM THE US DEPARTMENT OF EDUCATION AND THE NEW YORK STATE EDUCATION DEPARTMENT TO FUND FINANCIAL AID PROGRAMS. THE COLLEGE RECEIVES ASSISTANCE FROM A VARIETY OF OTHER FEDERAL AND STATE AGENCIES TO FUND RESEARCH AND OTHER GRANT AWARDS. 1 EUROPE (INCLUDING ICELAND & GREENLAND) 1 43 PROGRAM SERVICE STUDY ABROAD LONDON CENTER 1788685 EAST ASIA AND THE PACIFIC 0 7 PROGRAM SERVICE CONFERENCES & RESEARCH 17679 EAST ASIA AND THE PACIFIC 0 1 PROGRAM SERVICE STUDY ABROAD 1562 EUROPE (INCLUDING ICELAND & GREENLAND) 0 28 PROGRAM SERVICE CONFERENCES & RESEARCH 57159 EUROPE (INCLUDING ICELAND & GREENLAND) 0 8 PROGRAM SERVICE STUDY ABROAD 11667 MIDDLE EAST AND NORTH AFRICA 0 2 PROGRAM SERVICE CONFERENCES & RESEARCH 5864 NORTH AMERICA 0 19 PROGRAM SERVICE CONFERENCES & RESEARCH 21400 NORTH AMERICA 0 4 PROGRAM SERVICE RECRUITING 592 RUSSIA AND NEIGHBORING STATES 0 1 PROGRAM SERVICE CONFERENCES & RESEARCH 1400 SOUTH AMERICA 0 3 PROGRAM SERVICE CONFERENCES & RESEARCH 2035 SUB-SAHARAN AFRICA 0 6 PROGRAM SERVICE CONFERENCES & RESEARCH 10799 CENTRAL AMERICA AND THE CARIBBEAN 0 0 GRANTMAKING GRANTS/SCHOLARSHIPS 338648 EAST ASIA AND THE PACIFIC 0 0 GRANTMAKING GRANTS/SCHOLARSHIPS 1001168 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 GRANTMAKING GRANTS/SCHOLARSHIPS 823127 MIDDLE EAST AND NORTH AFRICA 0 0 GRANTMAKING GRANTS/SCHOLARSHIPS 18146 NORTH AMERICA 0 0 GRANTMAKING GRANTS/SCHOLARSHIPS 396437 RUSSIA AND NEIGHBORING STATES 0 0 GRANTMAKING GRANTS/SCHOLARSHIPS 365240 SOUTH AMERICA 0 0 GRANTMAKING GRANTS/SCHOLARSHIPS 572508 SOUTH ASIA 0 0 GRANTMAKING GRANTS/SCHOLARSHIPS 1287441 SUB-SAHARAN AFRICA 0 0 GRANTMAKING GRANTS/SCHOLARSHIPS 707200 CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 64702000 1 112 0 10 1 122 1904608 70226149 72130757 SOUTH ASIA REMIT EVENT PROCEEDS TO COMMUNITY ORGANIZATION 10000 WIRE TRANSFER 0 1 0 SCHOLARSHIPS CENTRAL AMERICA AND THE CARIBBEAN 8 338603 DISCOUNT SCHOLARSHIPS EAST ASIA AND THE PACIFIC 31 1000427 DISCOUNT SCHOLARSHIPS EUROPE (INCLUDING ICELAND & GREENLAND) 21 821062 DISCOUNT SCHOLARSHIPS MIDDLE EAST AND NORTH AFRICA 2 18000 DISCOUNT SCHOLARSHIPS NORTH AMERICA 14 396437 DISCOUNT SCHOLARSHIPS RUSSIA AND NEIGHBORING STATES 9 365100 DISCOUNT SCHOLARSHIPS SOUTH AMERICA 14 570975 DISCOUNT SCHOLARSHIPS SOUTH ASIA 30 1281507 DISCOUNT SCHOLARSHIPS SUB-SAHARAN AFRICA 17 705810 DISCOUNT STUDENT STIPENDS EAST ASIA AND THE PACIFIC 1 300 EFT STUDENT PRIZES AND AWARDS EUROPE (INCLUDING ICELAND & GREENLAND) 1 1500 EFT STUDENT STIPENDS SOUTH ASIA 2 4300 EFT STUDENT EMERGENCY RELIEF AWARDS CENTRAL AMERICA AND THE CARIBBEAN 1 45 EFT STUDENT EMERGENCY RELIEF AWARDS EAST ASIA AND THE PACIFIC 2 441 EFT STUDENT EMERGENCY RELIEF AWARDS EUROPE (INCLUDING ICELAND & GREENLAND) 2 565 EFT STUDENT EMERGENCY RELIEF AWARDS MIDDLE EAST AND NORTH AFRICA 2 146 STUDENT EMERGENCY RELIEF AWARDS RUSSIA AND NEIGHBORING STATES 1 140 STUDENT EMERGENCY RELIEF AWARDS SOUTH AMERICA 3 1533 STUDENT EMERGENCY RELIEF AWARDS SOUTH ASIA 8 1634 STUDENT EMERGENCY RELIEF AWARDS SUB-SAHARAN AFRICA 4 1390 1 0 1 1 1 0 PART I, LINE 2: PROCEDURES FOR MONITORING THE USE OF GRANTS AND OTHER ASSISTANCE: THE COLLEGE FOLLOWS THE OMB UNIFORM GUIDANCE WITH RESPECT TO MONITORING THE USE OF FUNDS OF SUBRECIPIENTS OF FEDERAL AWARDS. SCHOLARSHIPS GIVEN TO STUDENTS ARE CREDITED TO EACH STUDENT'S COLLEGE ACCOUNT TO BE USED FOR TUITION & FEES FOR THE EDUCATIONAL PROGRAM. EXPENDITURES FOR STUDY ABROAD PROGRAMS ARE REMITTED DIRECTLY TO THE FOREIGN INSTITUTIONS PROVIDING EDUCATIONAL SERVICES. EXPENDITURES FOR TRAVEL FOR CONFERENCES, RESEARCH, AND RECRUITING PURPOSES ARE COMPRISED OF (1) PAYMENTS TO FOREIGN ORGANIZATIONS PROVIDING SERVICES AND/OR (2) PAYMENTS TO EMPLOYEES AFTER THE SUBMISSION OF PROPERLY SUBSTANTIATED TRAVEL EXPENSE REPORTS IN ACCORDANCE WITH COLLEGE POLICY. PART I, LINE 3: EXPENDITURES ARE REPORTED ON AN ACCRUAL BASIS ACCORDING TO GAAP, CONSISTENT WITH THE ITHACA COLLEGE METHOD OF ACCOUNTING. PART IV, LINE 4: FOREIGN FILING REQUIREMENTS ITHACA COLLEGE INVESTS DIRECTLY IN A VARIETY OF ALTERNATIVE INVESTMENTS THAT ARE STRUCTURED AS EITHER FOREIGN CORPORATIONS, FOREIGN LIMITED PARTNERSHIPS OR DOMESTIC LIMITED PARTNERSHIPS. THE LIMITED PARTNERSHIP INVESTMENTS MAY, IN TURN, OWN AN INTEREST IN A FOREIGN CORPORATION, PASSIVE FOREIGN INVESTMENT COMPANY, OR FOREIGN PARTNERSHIP. TO THE EXTENT THAT ITHACA COLLEGE IS REQUIRED TO COMPLETE A FORM 926, 5471, 8621 OR 8865 BECAUSE ITS INVESTMENT EXCEEDS THE FILING THRESHOLD, THOSE FORMS HAVE BEEN FILED WITH THE IRS IN THE PRESCRIBED MANNER. 1 HILLEL FOUNDATION OF ITHACA COLLEGE 953 DANBY RD ITHACA NY 148507000 521758795 501(C)(3) 239679 0 CONTRIBUTIONS RECEIVED & REMITTED BY ITHACA COLLEGE HOBART AND WILLIAM SMITH COLLEGE 300 PULTENEY ST GENEVA NY 144563304 160743040 501(C)(3) 42837 0 PAYMENT TO SUBRECIPIENT OF FEDERAL GRANT UTICA UNIVERSITY 1600 BURRSTONE RD UTICA NY 135024857 161476258 501(C)(3) 22343 0 PAYMENT TO SUBRECIPIENT OF FEDERAL GRANT THE RESEARCH FOUNDATION FOR THE STATE UNIVERSITY OF NEW YORK PO BOX 9 ALBANY NY 122010009 141368361 501(C)(3) 53890 0 PAYMENT TO SUBRECIPIENT OF FEDERAL GRANT ITHACA AREA ECONOMIC DEVELOPMENT 119 E SENECA ST STE 200 ITHACA NY 148504359 166058339 501(C)(6) 34000 0 SUPPORT ECONOMIC ADVANCEMENT IN TOMPKINS COUNTY NY 4 1 SCHOLARSHIPS 4461 116569612 0 STUDENT STIPENDS 314 311527 STUDENT PRIZES AND AWARDS 995 56660 STUDENT EMERGENCY RELIEF AWARDS 117 24295 PART I, LINE 2: PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS TO DOMESTIC ORGANIZATIONS: PROCEDURES VARY BASED ON THE NATURE OF THE AGREEMENT WITH THE GRANTEE. ORGANIZATIONS OPERATING OUT OF THE MULLER CHAPEL ARE SUBJECT TO OVERSIGHT BY COLLEGE EMPLOYEES. THE COLLEGE FOLLOWS THE OMB UNIFORM GUIDANCE WITH RESPECT TO MONITORING THE USE OF FUNDS OF SUBRECIPIENTS OF FEDERAL AWARDS. FOR GRANTS TO ALL OTHER DOMESTIC ORGANIZATIONS, THE COLLEGE RELEGATES RESPONSIBILITY FOR MONITORING THE USE OF GRANT FUNDS TO INDIVIDUALS WITHIN THOSE ORGANIZATIONS. PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS TO DOMESTIC INDIVIDUALS: RECIPIENTS OF SCHOLARSHIPS MUST MEET THE CRITERIA SPECIFIED IN THE SCHOLARSHIP PROGRAM IN ORDER TO RECEIVE THE SCHOLARSHIP. FOR ONGOING SCHOLARSHIPS, STUDENTS MUST CONTINUE TO MEET THE CRITERIA IN ORDER TO BE AWARDED A SCHOLARSHIP IN SUBSEQUENT YEARS. RECIPIENTS OF STIPENDS ARE MONITORED FOR ONGOING PARTICIPATION IN THE RELEVANT INTERNSHIP OR RESEARCH PROGRAM. VARIOUS PRIZES AND AWARDS TO STUDENTS ARE EXPENDED SUBSEQUENT TO THE RECIPIENTS MEETING SPECIFIED ELIGIBILITY CRITERIA. X X 1 1 X X X 1 1 0 0 0 0 0 1 0 LA JERNE TERRY CORNISH PRESIDENT 509758 0 56100 0 38045 0 112931 0 28600 0 745434 0 0 0 TIMOTHY C DOWNS VP FINANCE & ADMINISTRATION, CFO 269586 0 10000 0 0 0 20227 0 29403 0 329216 0 0 0 MELANIE STEIN PROVOST & SENIOR VP ACADEMIC AFFAIRS 292908 0 0 0 0 0 21296 0 2360 0 316564 0 0 0 LINDA PETROSINO DEAN, HS&HP (THRU 06/23) 119379 0 0 0 150077 0 19953 0 20812 0 310221 0 0 0 MICHAEL JOHNSON-CRAMER DEAN, BUSINESS 242029 0 0 0 0 0 18359 0 29900 0 290288 0 0 0 DAVID L WEIL - VP CHIEF INFORMATION AND ANALYTICS OFFICER 210598 0 10000 0 0 0 15426 0 34640 0 270664 0 0 0 AMY FALKNER DEAN, COMMUNICATIONS 224359 0 0 0 0 0 16891 0 28716 0 269966 0 0 0 ANNE HOGAN THRU 0624 DEAN, MUSIC THEATRE AND DANCE 229779 0 0 0 0 0 16891 0 10613 0 257283 0 0 0 EMILY ROCKETT VP GENERAL COUNSEL & BOARD SECRETARY 226459 0 0 0 0 0 16541 0 10763 0 253763 0 0 0 JAMES A YAGGIE PROFESSOR, DIRECTOR HS&HP 175372 0 500 0 0 0 13599 0 59982 0 249453 0 0 0 BONNIE PRUNTY THRU 0624 VP STUDENT AFFAIRS & CAMPUS LIFE 206740 0 0 0 0 0 15356 0 12460 0 234556 0 0 0 CLAIRE GLEITMAN DEAN, H&S 202507 0 0 0 0 0 15006 0 11852 0 229365 0 0 0 KIRRA FRANZESE ASSOCIATE VP, CHIEF HUMAN RESOURCES 171667 0 20500 0 15 0 12917 0 22346 0 227445 0 0 0 M QUINCY DAVIDSON THRU 0424 ASSISTANT VP FOR ENGAGEMENT 183006 0 500 0 0 0 13494 0 19436 0 216436 0 0 0 STEPHEN TROPIANO PROFESSOR & LA PROGRAM DIRECTOR 142573 0 500 0 45518 0 10563 0 10298 0 209452 0 0 0 MARIE C BLOUIN ASSOCIATE PROFESSOR & CHAIR 169565 0 500 0 5327 0 12997 0 19749 0 208138 0 0 0 CASEY L KENDALL TRUSTEE (THRU 06/30/2024)/STAFF 151738 0 500 0 0 0 11740 0 25659 0 189637 0 0 0 MARGARET B SHACKELL ASSOCIATE PROFESSOR & DIRECTOR 153095 0 500 0 21686 0 11104 0 1115 0 187500 0 0 0 LAURIE M KOEHLER VP MARKETING & ENROLL (THRU 06/23) 122504 0 0 0 32034 0 11212 0 14794 0 180544 0 0 0 JOHN I POWERS PROFESSOR 101030 0 500 0 36086 0 8170 0 31464 0 177250 0 0 0 ALKA BRAMHANDKAR PROFESSOR 138758 0 500 0 2723 0 10598 0 20504 0 173083 0 0 0 KEITH A KAISER PROFESSOR 109172 0 500 0 29160 0 8180 0 17645 0 164657 0 0 0 NICOLE EVERSLEY BRADWELL EXECUTIVE DIRECTOR, ADMISSION 121796 0 500 0 0 0 9060 0 10280 0 141636 0 0 0 DIANE M GAYESKI PROFESSOR 109167 0 500 0 0 0 8143 0 10243 0 128053 0 0 0 PART I, LINE 1A HOUSING ALLOWANCE OR RESIDENCE FOR PERSONAL USE PRESIDENT LA JERNE TERRY CORNISH RECEIVED $36,845 IN FRINGE BENEFITS IN CALENDAR YEAR 2023, INCLUDING THE PERSONAL USE OF HOUSING, CLEANING SERVICES FOR SAID HOUSING, AND A LEASED VEHICLE. THE COLLEGE TREATED THESE BENEFITS AS TAXABLE AND INCLUDED THEM WITHIN INCOME; THIS AMOUNT IS REPORTED IN SCHEDULE J, PART II, COLUMN (B)(III). VACATION PAYOUTS: AS PART OF THEIR SEPARATION FROM THEIR ROLES WITH THE COLLEGE, THE FOLLOWING INDIVIDUALS RECEIVED PAYMENTS REPRESENTING ACCRUED AND UNUSED VACATION TIME AS FOLLOWS: M. QUINCY DAVIDSON, $21,881; LINDA PETROSINO, $30,698; AND LAURIE M. KOEHLER, $32,034. THESE PAYMENTS ARE REPORTED IN SCHEDULE J, PART II, COLUMN (B)(III). PART I, LINES 4A-B SEVERANCE PAYMENTS: FOR THE 2023 CALENDAR YEAR, LINDA PETROSINO RECEIVED ADMINISTRATIVE LEAVE PAYMENTS TOTALING $119,379. THESE PAYMENTS ARE REPORTED IN SCHEDULE J, PART II, COLUMN (B)(III). SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN: THE COLLEGE MAINTAINS AN IRC SECTION 457(F) SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN ON BEHALF OF THE PRESIDENT. THIS DEFERRED COMPENSATION PLAN PROVIDES FOR ANNUAL CREDITS TO THE PLAN SUBJECT TO VESTING REQUIREMENTS BASED ON CONTINUATION OF EMPLOYMENT THROUGH SET DATES. IN THE 2023 CALENDAR YEAR, THE COLLEGE CONTRIBUTED $89,456 TO THE PLAN FOR LA JERNE TERRY CORNISH. THIS AMOUNT IS REPORTED IN SCHEDULE J, PART II, COLUMN (C). PART I, LINE 7 NON-FIXED PAYMENTS MERIT BONUSES: IN ACCORDANCE WITH THE COLLEGE'S COMPENSATION POLICIES, EMPLOYEES WHO HAVE MADE SPECIFIC AND SIGNIFICANT ACCOMPLISHMENTS AND WHO HAVE PERFORMED WELL IN SUPPORT OF A PROJECT OR INITIATIVE DURING THE YEAR MAY BE RECOGNIZED WITH A ONE-TIME MERIT PAYMENT. THESE PAYMENTS ARE REPORTED IN SCHEDULE J, PART II, COLUMN (B)(II). BONUS & INCENTIVE COMPENSATION: THE FOLLOWING INDIVIDUALS RECEIVED BONUS OR INCENTIVE COMPENSATION: LA JERNE TERRY CORNISH, INCENTIVE COMPENSATION OF $56,100; TIMOTHY C. DOWNS, ONE-TIME BONUS OF $10,000; KIRRA FRANZESE, RETENTION BONUS OF $20,000; AND DAVID L. WEIL, RETENTION BONUS OF $10,000. THESE PAYMENTS ARE REPORTED IN SCHEDULE J, PART II, COLUMN (B)(II). TAXABLE REIMBURSEMENTS: LA JERNE TERRY CORNISH RECEIVED TAXABLE COMPENSATION OF $1,200 RELATED TO PERSONAL FINANCIAL AND TAX CONSULTING EXPENSES INCURRED. THIS PAYMENT IS REPORTED IN SCHEDULE J, PART II, COLUMN (B)(III). ADDITIONAL DUTIES: IN ACCORDANCE WITH THE COLLEGE'S COMPENSATION POLICIES, FACULTY WHO PERFORM ADDITIONAL DUTIES AND MEET CERTAIN ELIGIBILITY REQUIREMENTS ARE ENTITLED TO RECEIVE ADDITIONAL COMPENSATION WHILE PERFORMING THESE ADDITIONAL DUTIES. UNLESS OTHERWISE NARRATED ELSEWHERE IN THIS SCHEDULE J, AMOUNTS REPORTED IN SCHEDULE J, PART II, COLUMN (B)(III) REPRESENT THIS COMPENSATION. EMPLOYER CONTRIBUTIONS TO IRC SECTION 403(B) RETIREMENT PLAN: WITH THE EXCEPTION OF EMPLOYER CONTRIBUTIONS TO THE COLLEGE'S IRC SECTION 457(F) SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN, AMOUNTS IN SCHEDULE J, PART II, COLUMN (C) ARE COMPRISED OF EMPLOYER CONTRIBUTIONS TO THE IRC SECTION 403(B) RETIREMENT PLAN. SCHEDULE J, PART II, COLUMN (D) NONTAXABLE BENEFITS: NON-CASH TUITION REMISSION: THE FOLLOWING INDIVIDUALS RECEIVED NON-CASH TUITION REMISSION BENEFITS FOR DEPENDENTS: DAVID L. WEIL, $28,005; KEITH A. KAISER, $12,757; AND JAMES YAGGIE, $26,005. THESE AMOUNTS ARE REPORTED IN SCHEDULE J, PART II, COLUMN (D). JOB-RELATED EDUCATION: THE FOLLOWING INDIVIDUAL RECEIVED JOB-RELATED EDUCATION FRINGE BENEFITS: LA JERNE TERRY CORNISH, $4,500. THIS AMOUNT IS REPORTED IN SCHEDULE J, PART II, COLUMN (D). EMPLOYER-PAID HEALTH AND WELLNESS BENEFITS: ALL OTHER AMOUNTS REPORTED IN SCHEDULE J, PART II, COLUMN (D) ARE COMPRISED OF THE FOLLOWING: EMPLOYER AND EMPLOYEE PORTIONS OF HEALTH BENEFITS INCLUDING MEDICAL PREMIUMS, DENTAL PREMIUMS, VISION & HEARING PREMIUMS, LIFE INSURANCE PREMIUMS, CONTRIBUTIONS TO HEALTH SAVINGS ACCOUNTS, AND CONTRIBUTIONS TO THE EMERITI RETIREE HEALTH CARE PROGRAM. A TOMPKINS COUNTY DEVELOPMENT CORPORATION 272290745 NONEAVAIL 2020-06-11 35274000 REFUNDING OF THE REISSUED SERIES 2005B BONDS 0 0 0 B TOMPKINS COUNTY DEVELOPMENT CORPORATION 272290745 890096DR8 2018-12-20 21691959 CURRENT REFUNDING OF SERIES 2004 BONDS 0 0 0 C TOMPKINS COUNTY DEVELOPMENT CORPORATION 272290745 890096CZ1 2017-12-09 25635508 ADVANCE REFUNDING OF SERIES 2011 0 0 0 D TOMPKINS COUNTY DEVELOPMENT CORPORATION 272290745 890096CC2 2015-09-24 49150749 REFIN OF REISSUED SER. 2007 & 2008 BONDS 0 0 0 A 3465528 35274000 281322 34992678 1 0 1 1 B 4360000 21691959 352901 21339058 1 0 1 1 C 3400000 26859625 376009 26483616 0 1 1 1 D 22855000 49150749 532438 48618311 1 0 1 1 B 0 1 0 0 0.00000 0.00400 0.00400 0 0 1 C 0 1 1 1 0 0.00000 0.00000 0.00000 0 0 1 D 0 1 1 1 0 0.00000 0.00000 0.00000 0 0 1 A 0 1 1 0 1 0 0 0 1 B 0 0 1 1 0 0 0 0 1 C 0 0 0 1 0 0 0 0 1 D 0 0 0 1 0 0 0 0 1 A 1 B 1 C 1 D 1 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: TOMPKINS COUNTY DEVELOPMENT CORPORATION DATE THE REBATE COMPUTATION WAS PERFORMED: 12/20/2023 ISSUER NAME: TOMPKINS COUNTY DEVELOPMENT CORPORATION DATE THE REBATE COMPUTATION WAS PERFORMED: 12/06/2022 PART I, BOND A, COLUMN F PROCEEDS OF THE BONDS WERE ISSUED TO CURRENTLY REFUND THE BORROWER'S OUTSTANDING SERIES 2005B BONDS (ORIGINALLY ISSUED ON 12/09/2013). PART I, BOND B, COLUMN F: PROCEEDS OF THE BONDS WERE ISSUED TO CURRENTLY REFUND THE BORROWER'S OUTSTANDING REISSUED SERIES 2007 BONDS (ISSUED 08/20/2009) AND REISSUED SERIES 2008 BONDS (ISSUED 09/17/2009) (COLLECTIVELY, THE "PRIOR BONDS"). PART I, BOND C, COLUMN F: PROCEEDS OF THE BONDS WERE ISSUED TO ADVANCE REFUND THE BORROWER'S OUTSTANDING SERIES 2011 BONDS (ISSUED 04/07/2011) (THE "PRIOR BONDS"). PART I, BOND D, COLUMN F: PROCEEDS OF THE BONDS WERE ISSUED TO CURRENTLY REFUND THE BORROWER'S OUTSTANDING SERIES 2004 BONDS (ISSUED 11/10/2004). PART II, BOND A, LINE 13: SINCE PROCEEDS OF THE BONDS WERE USED FOR CURRENT REFUNDING PURPOSES, THE YEAR OF SUBSTANTIAL COMPLETION IS NOT APPLICABLE. PART II, BOND B, LINE 13: THE BONDS WERE ISSUED FOR THE PURPOSE OF REFUNDING PRIOR BONDS, A SUBSTANTIAL DATE OF COMPLETION IS NOT APPLICABLE TO THE BOND ISSUE. PART II, BOND D, LINE 13: SINCE THE PROCEEDS OF THE BONDS WERE USED FOR CURRENT REFUNDING PURPOSES, THE YEAR OF SUBSTANTIAL COMPLETION IS NOT APPLICABLE. PART III, BOND A: BECAUSE THE REFUNDED REISSUED SERIES 2005B BONDS ISSUED ON 12/9/2013 REFUNDED BONDS ISSUED BEFORE JANUARY 1, 2003, THE ISSUER HAS NOT COMPLETED PART III WITH RESPECT TO THE BONDS. PART III, LINE 7: AS PROVIDED IN TREASURY REGULATION SECTION 1.141-4(C)(2)(I)(B), THE AMOUNT OF PRIVATE PAYMENTS TAKEN INTO ACCOUNT UNDER THE PRIVATE PAYMENT TEST MAY NOT EXCEED THE AMOUNT OF PRIVATE BUSINESS USE AND/OR UNRELATED TRADE OR BUSINESS USE. ACCORDINGLY, THE AMOUNT OF PRIVATE PAYMENTS FOR THE REPORTING PERIOD DOES NOT EXCEED THE AMOUNT STATED IN PART III, LINE 6. THE ORGANIZATION HAS NOT UNDERTAKEN AN ANALYSIS OF THE PRIVATE SECURITY TEST WITH RESPECT TO THE BONDS, AS THE LEVEL OF PRIVATE BUSINESS USE AND/OR UNRELATED TRADE OR BUSINESS REPORTED IN PART III, LINE 6, IS NOT IN EXCESS OF AMOUNTS PERMITTED UNDER SECTION 145 OF THE CODE. PART IV, BOND A, LINE 2: THE BONDS CONSIST OF A CURRENT REFUNDING, WHICH HAS MET AN EXCEPTION TO THE REBATE REQUIREMENT. PART IV, BOND B, LINE 2(C): THE INTERIM REBATE COMPUTATION WAS COMPLETED BY BLX GROUP LLC ON SEPTEMBER 25, 2023 AND CONCLUDED THAT NO REBATE LIABILITY WILL BE DUE ON THE BONDS ON ANY FUTURE REQUIRED COMPUTATION DATE. PART IV, BOND C, LINE 2(C): THE INTERIM REBATE COMPUTATION WAS COMPLETED BY BLX GROUP LLC ON DECEMBER 6, 2023 AND CONCLUDED THAT NO REBATE LIABILITY WILL BE DUE ON THE BONDS ON ANY FUTURE REQUIRED COMPUTATION DATE. PART IV, BOND D, LINE 2(A): THE BONDS ARE A CURRENT REFUNDING OF THE SERIES 2004 BONDS, ISSUED ON NOVEMBER 10, 2004, AND SATISFIED THE 6 MONTH EXCEPTION OF REBATE. PART IV, BOND D, LINE 2(C): THE INTERIM REBATE COMPUTATION WAS COMPLETED BY BLX GROUP LLC ON DECEMBER 6, 2023 AND CONCLUDED THAT NO REBATE LIABILITY WILL BE DUE ON THE BONDS ON ANY FUTURE REQUIRED COMPUTATION DATE. 54393 TUITION REMIS EDUC. BENEFIT 83500 SCHOLARSHIPS EDUC. BENEFIT DAVID PRUNTY FAMILY OF OFFICER 49256 SEE PART V 0 SEAN EVERSLEY BRADWELL FAMILY OF FMR. OFF. 79813 SEE PART V 0 WILLIAM KIP OPPERMAN FAMILY OF FMR. TR. 25310 SEE PART V 0 SCHEDULE L, PART III: SCHOOLS ARE NOT REQUIRED TO IDENTIFY INTERESTED PERSONS TO WHOM THEY PROVIDED SCHOLARSHIPS AND DISCOUNTED TUITION, AND COLUMNS (A) AND (B) ARE LEFT BLANK FOR THESE LINES. REVEALING THE IDENTITY OF SUCH INTERESTED PERSONS COULD RESULT IN AN UNAUTHORIZED DISCLOSURE OF STUDENT EDUCATION RECORDS UNDER THE FAMILY EDUCATIONAL RIGHTS AND PRIVACY ACT (FERPA). SCHEDULE L, PART IV, COLUMN D: COMPENSATION PAYMENTS DURING THE TAX YEAR BY THE COLLEGE TO A FAMILY MEMBER OF A CURRENT OR FORMER OFFICER, TRUSTEE, OR KEY EMPLOYEE IN EXCESS OF $10,000 ARE REPORTED ON SCHEDULE L PART IV. COMPENSATION ARRANGEMENTS FOR REPORTED TRANSACTIONS WERE DETERMINED IN ACCORDANCE WITH THE COLLEGE'S REGULAR COMPENSATION PRACTICES APPLICABLE TO SIMILARLY SITUATED EMPLOYEES. THE COLLEGE OFFICIALS TO WHOM THESE INTERESTED PERSONS ARE RELATED DID NOT PARTICIPATE IN OR INFLUENCE THE COLLEGE'S DECISION ABOUT THESE TRANSACTIONS. X 28 1137690 FAIR MARKET VALUE X EQUIPMENT 3 117002 COMPARABLE SALE 0 0 1 1 PART I, COLUMN (B): THE COLLEGE IS REPORTING THE NUMBER OF CONTRIBUTIONS RECEIVED. PART I, LINE 32B: THE COLLEGE USES INVESTMENT BROKERS TO SELL CONTRIBUTIONS OF PUBLICLY TRADED SECURITIES. FORM 990, PART III, LINE 1 - ORGANIZATION'S MISSION: TO PROVIDE A FOUNDATION FOR A LIFETIME OF LEARNING, ITHACA COLLEGE IS DEDICATED TO FOSTERING INTELLECTUAL GROWTH, AESTHETIC APPRECIATION, AND CHARACTER DEVELOPMENT IN OUR STUDENTS. THE ITHACA COLLEGE COMMUNITY THRIVES ON THE PRINCIPLES THAT KNOWLEDGE IS ACQUIRED THROUGH DISCIPLINE, COMPETENCE IS ESTABLISHED WHEN KNOWLEDGE IS TEMPERED BY EXPERIENCE, AND CHARACTER IS DEVELOPED WHEN COMPETENCE IS EXERCISED FOR THE BENEFIT OF OTHERS. A COMPREHENSIVE COLLEGE THAT SINCE ITS FOUNDING HAS RECOGNIZED THE VALUE OF COMBINING THEORY AND PERFORMANCE, ITHACA PROVIDES A RIGOROUS EDUCATION BLENDING LIBERAL ARTS AND PROFESSIONAL PROGRAMS OF STUDY. OUR TEACHING AND SCHOLARSHIP ARE MOTIVATED BY THE NEED TO BE INFORMED BY, AND TO CONTRIBUTE TO, THE WORLD'S SCIENTIFIC AND HUMANISTIC ENTERPRISES. LEARNING AT ITHACA EXTENDS BEYOND THE CLASSROOM TO ENCOMPASS A BROAD RANGE OF RESIDENTIAL, PROFESSIONAL, AND EXTRACURRICULAR OPPORTUNITIES. OUR UNDERGRADUATE AND GRADUATE STUDENTS, FACULTY, STAFF, AND ALUMNI ALL CONTRIBUTE TO THE LEARNING PROCESS. ITHACA COLLEGE IS COMMITTED TO CREATING AN INCLUSIVE ENVIRONMENT AND ATTRACTING A DIVERSE BODY OF STUDENTS, FACULTY, AND STAFF. ALL MEMBERS OF THE COLLEGE COMMUNITY ARE ENCOURAGED TO ACHIEVE EXCELLENCE IN THEIR CHOSEN FIELDS AND TO SHARE THE RESPONSIBILITIES OF CITIZENSHIP AND SERVICE IN THE GLOBAL COMMUNITY. FORM 990, PART III, LINE 4A 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 389 COLLEGES: 2024 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 2024, THE COLLEGE ENROLLED 4,268 UNDERGRADUATE STUDENTS AND 499 GRADUATE STUDENTS. 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, THEATRE, AND DANCE: 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 A VARIETY OF ENSEMBLES, AND PRESENTS HUNDREDS OF 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. 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 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. 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 THE ROYAL BOROUGH OF KENSINGTON AND CHELSEA AND IS AMONG THE LONGEST-STANDING STUDY ABROAD PROGRAMS IN LONDON. THE COLLEGE PROVIDES STUDENTS OPPORTUNITIES TO ENGAGE IN EXPERIENTIAL LEARNING THROUGH SCHOLARSHIP, RESEARCH, AND CREATIVE PERFORMANCE WITH FACULTY AND STAFF MEMBERS. RESEARCH IS FUNDED SUBSTANTIALLY BY PRIVATE AND GOVERNMENTAL AGENCIES. FOR THE 2ND CONSECUTIVE YEAR, IN JUNE 2024, ITHACA COLLEGE HOSTED THE SUMMER GAMES OF THE SPECIAL OLYMPICS OF NEW YORK, BRINGING TOGETHER HUNDREDS OF ATHLETICS FROM ACROSS NEW YORK STATE, THEIR COACHES AND THEIR FAMILIES. FORM 990, PART III, LINE 4B 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. FORM 990, PART III, LINE 4C STUDENT SERVICES: STUDENT SERVICES INCLUDES EXPENSES INCURRED FOR OFFICES OF ADMISSIONS AND THE REGISTRAR, STUDENT AID ADMINISTRATION, STUDENT HEALTH SERVICES, 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, 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. FORM 990, PART VI, SECTION A, LINE 1A 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 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: ALEXA RAHMAN, CASEY L. KENDALL, BARUCH J. WHITEHEAD, AND LA JERNE TERRY CORNISH. FORM 990, PART VI, SECTION B, LINE 11B 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 TRUSTEES RECEIVES A COMPLETE COPY OF THE FORM 990 PRIOR TO FILING THE FORM. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST POLICY THE COLLEGE HAS A WRITTEN CONFLICT OF INTEREST POLICY THAT REQUIRES, AMONG OTHER THINGS, THAT NO MEMBER OF THE BOARD CAN PARTICIPATE IN ANY DECISION IN WHICH HE OR SHE (OR AN IMMEDIATE FAMILY MEMBER) HAS A MATERIAL FINANCIAL INTEREST. EACH TRUSTEE IS REQUIRED TO CERTIFY COMPLIANCE WITH THE CONFLICT-OF-INTEREST POLICY ON AN ANNUAL BASIS AND INDICATE WHETHER THE COLLEGE DOES BUSINESS WITH AN ENTITY IN WHICH THE TRUSTEE HAS A MATERIAL FINANCIAL INTEREST. WHEN SUCH RELATIONSHIPS EXIST, MEASURES ARE TAKEN TO MITIGATE ANY ACTUAL OR PERCEIVED CONFLICT, INCLUDING REQUIRING SUCH TRANSACTIONS TO BE CONDUCTED AT ARM'S LENGTH, FOR GOOD AND SUFFICIENT CONSIDERATION, BASED ON TERMS THAT ARE FAIR AND REASONABLE TO AND IN THE BEST INTEREST OF THE COLLEGE, AND IN ACCORDANCE WITH RELEVANT CONFLICT OF INTEREST LAWS. FORM 990, PART VI, SECTION B, LINE 15 PROCESS FOR DETERMINING EXECUTIVE COMPENSATION THE PROCESS FOR DETERMINING COMPENSATION FOR ALL SENIOR ADMINISTRATORS AND THE PRESIDENT IS GUIDED BY ITHACA COLLEGE'S EXECUTIVE COMPENSATION PHILOSOPHY. COMPARABILITY DATA - THE OFFICE OF HUMAN RESOURCES OBTAINS COMPARABLE COMPENSATION DATA FOR PERSONS IN COMPARABLE POSITIONS AT OTHER INSTITUTIONS OF HIGHER EDUCATION. THE PRIMARY DATA SOURCES ARE RECENT IRS FORMS 990 FROM COMPARABLE INSTITUTIONS AND THE ADMINISTRATORS IN HIGHER EDUCATION SURVEY PUBLISHED BY THE COLLEGE AND UNIVERSITY PROFESSIONAL ASSOCIATION FOR HUMAN RESOURCES (CUPA-HR). FOR THE PRESIDENT (TOP MANAGEMENT OFFICIAL) - THE GOVERNANCE AND COMPENSATION/ASSESSMENT COMMITTEE OF THE BOARD OF TRUSTEES REVIEWS COMPARABLE COMPENSATION DATA PROVIDED BY THE OFFICE OF HUMAN RESOURCES. USING THESE DATA, THE GOVERNANCE AND COMPENSATION/ASSESSMENT COMMITTEE MAKES RECOMMENDATIONS ON COMPENSATION TO THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES. THE EXECUTIVE COMMITTEE REVIEWS THE RECOMMENDATIONS AND PRESENTS THE RECOMMENDED COMPENSATION TO THE BOARD OF TRUSTEES IN EXECUTIVE SESSION. THE BOARD OF TRUSTEES VOTES ON A RESOLUTION SETTING COMPENSATION FOR THE UPCOMING YEAR. CONTEMPORANEOUS DOCUMENTATION AND RECORDKEEPING FOR DELIBERATIONS AND DECISIONS REGARDING THESE COMPENSATION ARRANGEMENTS ARE MAINTAINED BY THE SECRETARY TO THE BOARD OF TRUSTEES. FOR THE CHIEF FINANCIAL OFFICER AND PROVOST & SENIOR VICE PRESIDENT - THE OFFICE OF HUMAN RESOURCES AND THE PRESIDENT DEVELOP RECOMMENDATIONS FOR COMPENSATION USING COMPARABLE COMPENSATION DATA. THE GOVERNANCE AND COMPENSATION/ASSESSMENT COMMITTEE EVALUATES AND APPROVES THESE RECOMMENDATIONS. CONTEMPORANEOUS DOCUMENTATION AND RECORDKEEPING FOR DELIBERATIONS AND DECISIONS REGARDING THESE COMPENSATION ARRANGEMENTS ARE MAINTAINED BY THE SECRETARY TO THE BOARD OF TRUSTEES. FOR ALL OTHER VICE PRESIDENTS AND DEANS - THE OFFICE OF HUMAN RESOURCES AND THE PRESIDENT DETERMINE COMPENSATION USING COMPARABLE COMPENSATION DATA. THE OFFICE OF HUMAN RESOURCES AND THE PRESIDENT REVIEW THE PLANNED COMPENSATION WITH THE GOVERNANCE AND COMPENSATION/ASSESSMENT COMMITTEE. CONTEMPORANEOUS DOCUMENTATION AND RECORDKEEPING FOR THE REVIEW OF THESE COMPENSATION ARRANGEMENTS ARE MAINTAINED BY THE SECRETARY TO THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION C, LINE 19 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. FORM 990, PART XI, LINE 9: ADJUSTMENT TO LIABILITIES FOR SELF-INSURED HEALTH CARE -24,862. ADJUSTMENT TO LIABILITIES FOR GATE LOAN PROGRAM 16,797. ADJUSTMENT TO LIABILITIES FOR PERKINS LOAN PROGRAM 26,058. POSTRETIREMENT BENEFITS GAIN OTHER THAN NET PERIODIC BENEFIT COST 367,261. CHANGE IN VALUATION OF CHARITABLE GIVING ANNUITY AGREEMENTS -12,788. CHANGE IN FAIR VALUE OF INTEREST RATE SWAP AGREEMENTS 305,716.