2026-05-08T15:50:41-05:00 2025-06-30 991856619 GRANT THORNTON ADVISORS LLC 757 THIRD AVENUE 9TH FLOOR NEW YORK NY 100172013 990 2024-07-01 150532204 ITHACA COLLEGE ITHA 6072743118 953 DANBY ROAD ITHACA NY 14850 TIMOTHY DOWNS SENIOR VP & CFO 6072743118 2026-05-08 1 1 SCOTT THOMPSETT P00741490 2125990100 2024 2025-03-06 01:10:19Z LA JERNE TERRY CORNISH 953 DANBY ROAD ITHACA NY 14850 537387128 0 X WWW.ITHACA.EDU X 1892 NY OUR MISSION IS TO EDUCATE, ENGAGE, AND EMPOWER THROUGH THEORY, PRACTICE, AND PERFORMANCE. 26 22 3899 22 110890 677 15872024 15062869 295840461 301760244 56674161 14335912 1191814 1495588 369578460 332654613 122893519 126798357 0 0 129755073 135804233 0 154045 3367405 79850088 82103985 332498680 344860620 37079780 -12206007 874485054 897011757 163091892 158014697 711393162 738997060 X SEE SCHEDULE O 0 0 205823915 125608906 238149055 SEE SCHEDULE O 48519823 1383 62683032 SEE SCHEDULE O 29088665 422522 1498087 SEE SCHEDULE O 21448443 765546 0 ACADEMIC SUPPORT: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. 21448443 765546 0 304880846 1 1 0 1 0 0 1 1 0 1 1 1 0 0 1 1 1 0 1 1 1 1 1 1 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 1 545 0 1 3899 1 1 1 1 UK 0 0 0 0 0 0 0 0 0 0 X 26 22 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 - SENIOR VP & CFO 6072743118 953 DANBY ROAD ITHACA NY 14850 LA JERNE TERRY CORNISH PRESIDENT 40.00 0.00 X X 605968 0 146126 MUREEN S DOHERTY TRUSTEE, STUDENT (AS OF 07/24) 1.00 0.00 X 0 0 0 JOHN NEESON CHAIR (AS OF 07/24) 1.00 0.00 X X 0 0 0 CHRISTOPHER D PALMIERI VICE CHAIR (AS OF 07/24) 1.00 0.00 X X 0 0 0 KIMBERLY W ALLEN TRUSTEE (AS OF 07/24) 1.00 0.00 X 0 0 0 ROSANNA AYBAR TRUSTEE (THRU 06/30/2025) 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 1.00 0.00 X 0 0 0 JACK H DEMBOW TRUSTEE 1.00 0.00 X 0 0 0 MICHAEL J DEVITO TRUSTEE 1.00 0.00 X 0 0 0 JERRY S DIETZ TRUSTEE (AS OF 07/24) 1.00 0.00 X 0 0 0 KENNETH FISHER TRUSTEE (THRU 06/30/2025) 1.00 0.00 X 0 0 0 DAVID FLEISHER II TRUSTEE 1.00 0.00 X 0 0 0 KIRK HARBINGER TRUSTEE (THRU 06/30/2025) 1.00 0.00 X 0 0 0 TRACI HUGHES TRUSTEE 1.00 0.00 X 0 0 0 DAVID T MEBERG TRUSTEE 1.00 0.00 X 0 0 0 KRISTIN R MUENZEN TRUSTEE 1.00 0.00 X 0 0 0 CARLOS W PERKINS TRUSTEE 1.00 0.00 X 0 0 0 PAULA M ROONEY TRUSTEE (THRU 09/24) 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 (THRU 06/30/2025) 1.00 0.00 X 0 0 0 MONICA L BERTINO WOODEN TRUSTEE 1.00 0.00 X 0 0 0 SARA J HAEFELI TRUSTEE, FACULTY (AS OF 07/24) 1.00 0.00 X 76865 0 29945 SCOTT S DOYLE TRUSTEE, STAFF (AS OF 07/24) 1.00 0.00 X 105413 0 11030 TIMOTHY C DOWNS VP FINANCE & ADMINISTRATION, CFO 40.00 0.00 X 305827 0 50545 MELANIE STEIN PROVOST & SENIOR VP ACADEMIC AFFAIRS 40.00 0.00 X 313894 0 25165 RAKIN 'ROCK' HALL VP ENROLLMENT MGMT & STUDENT SUCCESS 40.00 0.00 X 217832 0 39310 STANLEY BAZILE AS OF 0624 VP STUDENT AFFAIRS & CAMPUS LIFE 40.00 0.00 X 148211 0 25772 DAVID L WEIL - VP CHIEF INFORMATION AND ANALYTICS OFFICER 40.00 0.00 X 231796 0 34189 EMILY ROCKETT VP GENERAL COUNSEL & BOARD SECRETARY 40.00 0.00 X 237846 0 28123 LAINE NORTON VP ADVANCEMENT 40.00 0.00 X 231272 0 36154 MARK EYERLY VP MARKETING & COMMUNICATIONS 40.00 0.00 X 221428 0 38024 MICHAEL JOHNSON-CRAMER DEAN, BUSINESS 40.00 0.00 X 249208 0 47276 CHRISTINA S MOYLAN DEAN, HS&HP 40.00 0.00 X 208983 0 16330 STEVE TENEYCK AS OF 0325 DEAN, MUSIC THEATRE & DANCE 40.00 0.00 X 166307 0 12692 AMY FALKNER DEAN, COMMUNICATIONS 40.00 0.00 X 230611 0 46926 CLAIRE GLEITMAN DEAN, H&S 40.00 0.00 X 210282 0 28003 KIRRA A MICHELER ASSOCIATE VP, CHIEF HUMAN RESOURCES 40.00 0.00 X 197380 0 36262 JAMES A YAGGIE PROFESSOR, DIRECTOR HS&HP 40.00 0.00 X 186788 0 75926 MARIE C BLOUIN ASSOCIATE PROFESSOR & CHAIR 40.00 0.00 X 183587 0 42395 STEVEN GINSBERG ASSOCIATE PROFESSOR 40.00 0.00 X 182232 0 22393 MARGARET B SHACKELL ASSOCIATE PROFESSOR & DIRECTOR 40.00 0.00 X 177840 0 12999 MARC R ISRAEL AVP BUSINESS & FINANCE 40.00 0.00 X 192211 0 24948 BONNIE PRUNTY THRU 0624 VP STUDENT AFFAIRS & CAMPUS LIFE 0.00 0.00 X 138022 0 16445 NICOLE EVERSLEY BRADWELL EXECUTIVE DIRECTOR, ADMISSION 40.00 0.00 X 125746 0 20029 LINDA PETROSINO DEAN, HS&HP (THRU 06/23) 0.00 0.00 X 119348 0 19652 ANNE HOGAN THRU 0624 DEAN, MUSIC THEATRE AND DANCE 0.00 0.00 X 379746 0 16268 ALKA BRAMHANDKAR PROFESSOR 40.00 0.00 X 144811 0 24452 JOHN I POWERS PROFESSOR 40.00 0.00 X 127502 0 40586 KEITH A KAISER PROFESSOR 40.00 0.00 X 135470 0 45248 DIANE M GAYESKI PROFESSOR 40.00 0.00 X 113259 0 19036 6165685 0 1032249 173 1 1 0 ARCHITECTURAL CONCRETE PLUS LLC 69 HOLLISTER ST DUNDEE NY 14837 GENERAL CONSTRUCTION 4610772 WELLIVER MCGUIRE INC 250 N GENESEE ST MONTOUR FALLS NY 14865 GENERAL CONSTRUCTION 3555366 CAYUGA MEDICAL ASSOCIATES PC 101 DATES DR ITHACA NY 14850 MEDICAL SERVICES 2491653 CERITY PARTNERS OCIO LLC 99 PARK AVE FL 16 NEW YORK NY 10016 INVESTMENT ADVISORY SERVICES 2002470 RUSTON PAVING CO INC 6216 THOMPSON RD SYRACUSE NY 13206 GENERAL CONSTRUCTION 1120694 22 3178429 11884440 893295 15062869 TUITION & FEES 900099 236632249 236632249 ROOM & BOARD 721310 57727802 57727802 STUDENT INSURANCE 900099 2355016 2355016 ANCILLARY STUDENT SVCS 611710 1498087 1498087 CAMPUS DINING SERVICES 900099 1065822 1065822 2481268 973340 140744 1367184 301760244 8010325 -33177 8043502 35562 35562 174511 0 174511 174511 3323 171188 210402822 51347 202937471 1191111 7465351 -1139764 6325587 6325587 1173863 603933 569930 569930 REBATES & REFUNDS 900099 282686 282686 FORFEITED DEPOSITS 900099 239372 239372 COMMISSIONS 900099 135221 135221 58306 58306 715585 332654613 300822246 110890 16658608 255691 255691 120804000 120804000 5738666 5738666 4790283 1189998 3320574 279711 1602147 1201767 400380 97456256 84968185 10830794 1657277 6426426 5692176 633721 100529 18642576 15700993 2593168 348415 6886545 5818394 941375 126776 587916 2558 585358 245020 245020 154045 154045 2674917 2674917 5981651 1806548 4159743 15360 1006670 352440 652871 1359 6263897 5000718 1107846 155333 8306613 3958044 4106365 242204 10169486 9774455 392818 2213 3714830 3257349 338179 119302 1528098 1140875 289171 98052 4365113 4313334 51779 20208935 18917536 1233072 58327 4053555 2834825 1218730 FOOD SERVICE EXPENSE 4806326 4806326 STUDENT HEALTH SERVICES 2069318 2069318 DUES & MEMBERSHIPS 2026437 1806743 213569 6125 REPAIRS & MAINTENANCE 1996455 1795218 201237 2098748 1674689 421682 2377 344860620 304880846 36612369 3367405 877852 596351 7642020 10216933 1958610 3579473 3663024 4464938 1208830 733314 982925 1064632 4577078 5982087 702713241 357404664 341433732 345308577 259570779 249854219 243473166 267053621 0 0 9097038 8157612 874485054 897011757 24577839 24342780 3570365 4934460 89067374 84877225 17426254 15917535 28450060 27942697 163091892 158014697 X 542092418 550466785 169300744 188530275 711393162 738997060 874485054 897011757 X -12206007 37539487 2270418 X 0 1 X 1 1 1 X 24098826 14552419 12066816 15872024 15062869 81652954 24098826 14552419 12066816 15872024 15062869 81652954 1844849 79808105 7755217 11795803 11557045 11691830 8250252 51050147 0 295615 290348 210 1677 587850 1095032 2514517 2489104 2317198 3256632 11672483 144963434 1445837576 0.55050 0.55830 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER PROGRAM REVENUE - 2020 AMOUNT: $ 317,832. 2021 AMOUNT: $ 696,545. 2022 AMOUNT: $ 711,356. 2023 AMOUNT: $ 740,605. 2024 AMOUNT: $ 1,367,184. GROSS SALES OF INVENTORY - 2020 AMOUNT: $ 568,379. 2021 AMOUNT: $ 1,396,104. 2022 AMOUNT: $ 1,370,738. 2023 AMOUNT: $ 1,141,077. 2024 AMOUNT: $ 1,173,863. MISCELLANEOUS REVENUE - 2020 AMOUNT: $ 208,821. 2021 AMOUNT: $ 421,868. 2022 AMOUNT: $ 407,010. 2023 AMOUNT: $ 371,280. 2024 AMOUNT: $ 580,364. COMMISSIONS - 2020 AMOUNT: $ 0. 2021 AMOUNT: $ 0. 2022 AMOUNT: $ 0. 2023 AMOUNT: $ 64,236. 2024 AMOUNT: $ 135,221. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 0 0 0 0 0 0 1 8049 8049 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 403195724 5799244 44149353 4120023 11955033 437069265 373689268 5246087 39869628 4017106 11592153 403195724 356782996 1992372 30243097 4320003 11009194 373689268 425199038 3899230 -58191260 4311099 9812913 356782996 337301846 1742339 100494402 4018894 10320655 425199038 0.59830 0.22720 0.17450 0 0 13477359 13477359 591483991 307377680 284106311 6733314 2937833 3795481 39792450 20149796 19642654 51226127 26939355 24286772 345308577 176622 F GLOBAL EQUITY FUNDS 102360277 F ABSOLUTE RETURN FUNDS 59460016 F PRIVATE EQUITY FUNDS 54021089 F REAL ASSET FUNDS 28066701 F FIXED INCOME FUNDS 22968916 F 267053621 POSTRETIREMENT BENEFIT OBLIGATION 12020588 OPERATING LEASE LIABILITY 8016060 FINANCE LEASE LIABILITY 2454877 INTEREST RATE SWAP AGREEMENTS 2239694 CONDITIONAL ASSET RETIREMENT OBLIGATIONS 1754975 US GOVERNMENT GRANTS REFUNDABLE 1456503 27942697 X 242118340 37539487 37539487 204578853 2674917 125400843 128075760 332654613 216784860 603933 603933 216180927 2674917 126004776 128679693 344860620 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 COLLEGE'S ENDOWMENT CONSISTS OF APPROXIMATELY 475 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES, BUT NAMELY 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, 2025. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID NETTED WITH STUDENT RELATED REVENUES 126,004,776. COST OF GOODS SOLD (CAMPUS STORE) -603,933. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD (CAMPUS STORE) 603,933. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID NETTED WITH STUDENT RELATED REVENUES 126,004,776. 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 40 PROGRAM SERVICES STUDY ABROAD LONDON CENTER 1950326 EAST ASIA AND THE PACIFIC 0 6 PROGRAM SERVICES CONFERENCES AND RESEARCH 11428 EUROPE (INCLUDING ICELAND & GREENLAND) 0 29 PROGRAM SERVICES CONFERENCES AND RESEARCH 62951 EUROPE (INCLUDING ICELAND & GREENLAND) 0 1 PROGRAM SERVICES MAINTAIN OFFICES 3707 EUROPE (INCLUDING ICELAND & GREENLAND) 0 5 PROGRAM SERVICES STUDY ABROAD 62129 NORTH AMERICA 0 12 PROGRAM SERVICES CONFERENCES AND RESEARCH 13531 NORTH AMERICA 0 2 PROGRAM SERVICES RECRUITING 785 SOUTH AMERICA 0 1 PROGRAM SERVICES CONFERENCES AND RESEARCH 3078 SUB-SAHARAN AFRICA 0 1 PROGRAM SERVICES CONFERENCES AND RESEARCH 6404 NORTH AMERICA 0 1 PROGRAM SERVICES FUNDRAISING 1106 CENTRAL AMERICA AND THE CARIBBEAN 0 0 GRANTMAKING GRANTS/SCHOLARSHIPS 280200 EAST ASIA AND THE PACIFIC 0 0 GRANTMAKING GRANTS/SCHOLARSHIPS 790966 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 GRANTMAKING GRANTS/SCHOLARSHIPS 582833 MIDDLE EAST AND NORTH AFRICA 0 0 GRANTMAKING GRANTS/SCHOLARSHIPS 284100 NORTH AMERICA 0 0 GRANTMAKING GRANTS/SCHOLARSHIPS 242859 RUSSIA AND NEIGHBORING STATES 0 0 GRANTMAKING GRANTS/SCHOLARSHIPS 627003 SOUTH AMERICA 0 0 GRANTMAKING GRANTS/SCHOLARSHIPS 639521 SOUTH ASIA 0 0 GRANTMAKING GRANTS/SCHOLARSHIPS 1426882 SUB-SAHARAN AFRICA 0 0 GRANTMAKING GRANTS/SCHOLARSHIPS 856520 CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 59029000 1 96 0 2 1 98 2107935 64767394 66875329 SOUTH ASIA REMIT EVENT PROCEEDS TO COMMUNITY ORGANIZATION 7782 WIRE TRANSFER 0 1 0 SCHOLARSHIPS CENTRAL AMERICA AND THE CARIBBEAN 7 275400 DISCOUNT SCHOLARSHIPS EAST ASIA AND THE PACIFIC 25 786073 DISCOUNT SCHOLARSHIPS EUROPE (INCLUDING ICELAND & GREENLAND) 14 582129 DISCOUNT SCHOLARSHIPS MIDDLE EAST AND NORTH AFRICA 6 283753 DISCOUNT SCHOLARSHIPS NORTH AMERICA 10 238059 DISCOUNT SCHOLARSHIPS RUSSIA AND NEIGHBORING STATES 15 614670 DISCOUNT SCHOLARSHIPS SOUTH AMERICA 15 639272 DISCOUNT SCHOLARSHIPS SOUTH ASIA 30 1416659 DISCOUNT SCHOLARSHIPS SUB-SAHARAN AFRICA 18 843934 DISCOUNT STUDENT STIPENDS CENTRAL AMERICA AND THE CARIBBEAN 1 4800 CHECK OR EFT STUDENT STIPENDS EAST ASIA AND THE PACIFIC 1 4800 CHECK OR EFT STUDENT STIPENDS MIDDLE EAST AND NORTH AFRICA 1 100 CHECK OR EFT STUDENT STIPENDS NORTH AMERICA 1 4800 CHECK OR EFT STUDENT STIPENDS RUSSIA AND NEIGHBORING STATES 2 10200 CHECK OR EFT STUDENT STIPENDS SOUTH ASIA 4 7870 CHECK OR EFT STUDENT STIPENDS SUB-SAHARAN AFRICA 2 9800 CHECK OR EFT STUDENT EMERGENCY RELIEF AWARDS EAST ASIA AND THE PACIFIC 2 93 CHECK OR EFT STUDENT EMERGENCY RELIEF AWARDS EUROPE (INCLUDING ICELAND & GREENLAND) 4 704 CHECK OR EFT STUDENT EMERGENCY RELIEF AWARDS MIDDLE EAST AND NORTH AFRICA 2 247 CHECK OR EFT STUDENT EMERGENCY RELIEF AWARDS RUSSIA AND NEIGHBORING STATES 7 2043 CHECK OR EFT STUDENT EMERGENCY RELIEF AWARDS SOUTH AMERICA 2 249 CHECK OR EFT STUDENT EMERGENCY RELIEF AWARDS SOUTH ASIA 6 2353 CHECK OR EFT STUDENT EMERGENCY RELIEF AWARDS SUB-SAHARAN AFRICA 6 2786 CHECK OR EFT 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 ATTACHED TO THE ORGANIZATION'S FORM 990-T FILING. X X X X X X 1 MARTS & LUNDY INC 160 CHUBB AVE LYNDHURST NJ 07071 FUNDRAISING CONSULTANTS 0 0 129252 -129252 THE STELTER CO 505 MARKET ST W DES MOINES IA 50266 FUNDRAISING CONSULTANTS 0 0 24793 -24793 154045 -154045 AL AK AZ AR CA CO CT DE FL GA HI ID IL IN IA KS KY LA ME MD MA MI MN MS MO MT NE NV NH NJ NM NY NC ND OH OK OR PA RI SC SD TN TX UT VT VA WA WV WI WY SCHEDULE G, PART I, LINE 2B, COLUMN (V) ITHACA COLLEGE DOES NOT TRACK ITS DONATION DATA IN SUCH A FASHION AS TO PINPOINT SPECIFICALLY HOW MUCH EACH FUNDRAISER RAISED ON ITS BEHALF. FUNDRAISERS MAKE TOUCHPOINTS WITH DONORS THAT MAY NOT RESULT IN CONTRIBUTIONS FOR YEARS, NOR DOES ITHACA COLLEGE SURVEY ITS DONORS TO SEE WHAT PROMPTED THEM TO DONATE TO THE ORGANIZATION. ACCORDINGLY, THE ORGANIZATION DOES NOT REPORT GROSS RECEIPTS FROM FUNDRAISING ACTIVITIES IN SCHEDULE G, PART I, LINE 2(B), COLUMN, IV. 1 HILLEL FOUNDATION OF ITHACA COLLEGE 953 DANBY RD ITHACA NY 14850 521758795 503(C)(3) 55277 0 CONTRIBUTIONS RECEIVED & REMITTED BY ITHACA COLLEGE HOBART AND WILLIAM SMITH COLLEGE 300 PULTENEY ST GENEVA NY 14456 160743040 503(C)(3) 44091 0 PAYMENT TO SUBRECIPIENT OF FEDERAL GRANT UTICA UNIVERSITY 1600 BURRSTONE RD UTICA NY 13502 161476258 503(C)(3) 43418 0 PAYMENT TO SUBRECIPIENT OF FEDERAL GRANT THE RESEARCH FOUNDATION FOR THE STATE UNIVERSITY OF NEW YORK PO BOX 9 ALBANY NY 12201 141368361 503(C)(3) 55247 0 PAYMENT TO SUBRECIPIENT OF FEDERAL GRANT THE RESEARCH FOUNDATION FOR THE STATE UNIVERSITY OF NEW YORK PO BOX 9 ALBANY NY 12201 141368361 503(C)(3) 15616 0 CONTRIBUTION TO ACCESS TO COLLEGE EDUCATION (ACE) ITHACA AREA ECONOMIC DEVELOPMENT 119 E SENECA ST STE 200 ITHACA NY 14850 166058339 503(C)(6) 18000 0 SUPPORT ECONOMIC ADVANCEMENT IN TOMPKINS COUNTY NY 4 1 SCHOLARSHIPS 4318 120324737 STUDENT STIPENDS 245 427920 STUDENT PRIZES AND AWARDS 331 33330 STUDENT EMERGENCY RELIEF AWARDS 92 18013 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 522789 0 41868 0 41311 0 120331 0 25795 0 752094 0 0 0 ANNE HOGAN THRU 0624 DEAN, MUSIC THEATRE AND DANCE 116298 0 0 0 263448 0 10918 0 5350 0 396014 0 0 0 TIMOTHY C DOWNS VP FINANCE & ADMINISTRATION, CFO 295827 0 10000 0 0 0 20875 0 29670 0 356372 0 0 0 MELANIE STEIN PROVOST & SENIOR VP ACADEMIC AFFAIRS 303894 0 10000 0 0 0 22838 0 2327 0 339059 0 0 0 MICHAEL JOHNSON-CRAMER DEAN, BUSINESS 249208 0 0 0 0 0 19507 0 27769 0 296484 0 0 0 AMY FALKNER DEAN, COMMUNICATIONS 230611 0 0 0 0 0 17946 0 28980 0 277537 0 0 0 LAINE NORTON VP ADVANCEMENT 231272 0 0 0 0 0 17889 0 18265 0 267426 0 0 0 DAVID L WEIL - VP CHIEF INFORMATION AND ANALYTICS OFFICER 221796 0 10000 0 0 0 16748 0 17441 0 265985 0 0 0 EMILY ROCKETT VP GENERAL COUNSEL & BOARD SECRETARY 237846 0 0 0 0 0 17188 0 10935 0 265969 0 0 0 JAMES A YAGGIE PROFESSOR, DIRECTOR HS&HP 181134 0 0 0 5654 0 13887 0 62039 0 262714 0 0 0 MARK EYERLY VP MARKETING & COMMUNICATIONS 221428 0 0 0 0 0 17128 0 20896 0 259452 0 0 0 RAKIN 'ROCK' HALL VP ENROLLMENT MGMT & STUDENT SUCCESS 206232 0 10000 0 1600 0 13915 0 25395 0 257142 0 0 0 CLAIRE GLEITMAN DEAN, H&S 210282 0 0 0 0 0 16104 0 11899 0 238285 0 0 0 KIRRA A MICHELER ASSOCIATE VP, CHIEF HUMAN RESOURCES 177380 0 20000 0 0 0 13788 0 22474 0 233642 0 0 0 MARIE C BLOUIN ASSOCIATE PROFESSOR & CHAIR 178487 0 0 0 5100 0 13873 0 28522 0 225982 0 0 0 CHRISTINA S MOYLAN DEAN, HS&HP 208983 0 0 0 0 0 15674 0 656 0 225313 0 0 0 MARC R ISRAEL AVP BUSINESS & FINANCE 182211 0 10000 0 0 0 13809 0 11139 0 217159 0 0 0 STEVEN GINSBERG ASSOCIATE PROFESSOR 157356 0 0 0 24876 0 12036 0 10357 0 204625 0 0 0 MARGARET B SHACKELL ASSOCIATE PROFESSOR & DIRECTOR 158247 0 0 0 19593 0 11868 0 1131 0 190839 0 0 0 KEITH A KAISER PROFESSOR 111373 0 0 0 24097 0 8750 0 36498 0 180718 0 0 0 STEVE TENEYCK AS OF 0325 DEAN, MUSIC THEATRE & DANCE 155307 0 5000 0 6000 0 11648 0 1044 0 178999 0 0 0 STANLEY BAZILE AS OF 0624 VP STUDENT AFFAIRS & CAMPUS LIFE 124211 0 10000 0 14000 0 7906 0 17866 0 173983 0 0 0 ALKA BRAMHANDKAR PROFESSOR 144458 0 0 0 353 0 10830 0 13622 0 169263 0 0 0 JOHN I POWERS PROFESSOR 104888 0 0 0 22614 0 8758 0 31828 0 168088 0 0 0 BONNIE PRUNTY THRU 0624 VP STUDENT AFFAIRS & CAMPUS LIFE 104973 0 0 0 33049 0 10516 0 5929 0 154467 0 0 0 NICOLE EVERSLEY BRADWELL EXECUTIVE DIRECTOR, ADMISSION 125746 0 0 0 0 0 9667 0 10362 0 145775 0 0 0 LINDA PETROSINO DEAN, HS&HP (THRU 06/23) 119348 0 0 0 0 0 9209 0 10443 0 139000 0 0 0 DIANE M GAYESKI PROFESSOR 113009 0 0 0 250 0 8712 0 10324 0 132295 0 0 0 PART I, LINE 1A HOUSING ALLOWANCE OR RESIDENCE FOR PERSONAL USE PRESIDENT LA JERNE TERRY CORNISH RECEIVED $41,311 IN FRINGE BENEFITS IN CALENDAR YEAR 2024, 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). STANLEY BAZILE RECEIVED A HOUSING BENEFIT TOTALING $9,000 IN CALENDAR YEAR 2024. THIS AMOUNT IS REPORTED IN SCHEDULE J, PART II, COLUMN (B)(III). PART I, LINES 4A-B SEVERANCE PAYMENTS: FOR THE 2024 CALENDAR YEAR, ANNE HOGAN RECEIVED A SEVERANCE PAYMENT OF $235,750. THIS PAYMENT 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: BONNIE S. PRUNTY, $33,049; AND ANNE HOGAN, $27,698. 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 2024 CALENDAR YEAR, THE COLLEGE CONTRIBUTED $94,456 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 $41,868; MARC R. ISRAEL, ONE-TIME BONUS OF $10,000; MELANIE STEIN, ONE-TIME BONUS OF $10,000; STEVEN TENEYCK, ONE-TIME BONUS OF $5,000; TIMOTHY C. DOWNS, ONE-TIME BONUS OF $10,000; KIRRA A. MICHELER, RETENTION BONUS OF $20,000; DAVID L. WEIL, RETENTION BONUS OF $10,000; STANLEY BAZILE, SIGN-ON BONUS OF $10,000; AND RAKIN 'ROCK' HALL, SIGN-ON BONUS OF $10,000. THESE PAYMENTS ARE REPORTED IN SCHEDULE J, PART II, COLUMN (B)(II). TAXABLE REIMBURSEMENTS: THE FOLLOWING INDIVIDUALS RECEIVED TAXABLE COMPENSATION RELATED TO MOVING EXPENSES INCURRED: STANLEY BAZILE, $5,000; AND RAKIN 'ROCK' HALL, $1,600. THESE PAYMENTS ARE 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, $14,441; KEITH A. KAISER, $26,595; AND JAMES YAGGIE, $27,756. THESE AMOUNTS ARE 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 BONDS 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 4386566 35274000 281322 34992678 1 0 1 1 B 5375000 21691959 352901 21339058 1 0 1 1 C 4080000 26859625 376009 26483616 0 1 1 1 D 23895000 49150749 532438 46618311 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 0 1 1 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 1 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: 12/06/2023 PART I, BOND A, COLUMN F SERIES 2020 BONDS: PROCEEDS OF THESE BONDS WERE ISSUED FOR (1) THE CURRENT REFUNDING OF THE BORROWER'S OUTSTANDING SERIES 2005B BONDS (ORIGINALLY ISSUED ON 09/29/2005 AND REISSUED ON 12/09/2013) WHICH WERE ISSUED TO ADVANCE REFUND THE SERIES 1997 BONDS (ISSUED ON 03/04/1997); AND (2) THE PAYMENT OF A TERMINATION FEE WITH RESPECT TO AN INTEREST RATE SWAP AGREEMENT ENTERED INTO IN CONNECTION WITH THE SERIES 2005B BONDS. FOR PURPOSES OF SCHEDULE K (FORM 990), THE SERIES 2020 BONDS ARE PRE-2003 BONDS. PART I, BOND B, COLUMN F: SERIES 2018 BONDS: PROCEEDS OF THESE BONDS WERE ISSUED TO CURRENT REFUND THE BORROWER'S OUTSTANDING SERIES 2004 BONDS (ISSUED 11/10/2004). PART I, BOND C, COLUMN F: SERIES 2017 BONDS: PROCEEDS OF THESE BONDS WERE ISSUED TO ADVANCE REFUND THE BORROWER'S OUTSTANDING SERIES 2011 BONDS (ISSUED 04/07/2011). PART I, BOND D, COLUMN F: SERIES 2015 BONDS: PROCEEDS OF THESE BONDS WERE ISSUED TO CURRENT REFUND THE BORROWER'S OUTSTANDING REISSUED SERIES 2007 BONDS (ORIGINALLY ISSUED 04/26/2007 AND REISSUED 08/20/2009) AND REISSUED SERIES 2008 BONDS (ORIGINALLY ISSUED 05/29/2008 AND REISSUED 09/17/2009). PART II, BOND A B C & D, LINE 13: BECAUSE PROCEEDS OF THESE BONDS WERE USED FOR REFUNDING PURPOSES, THE YEAR OF SUBSTANTIAL COMPLETION IS NOT APPLICABLE. PART III, BOND A: BECAUSE THE ORIGINAL BONDS WERE ISSUED PRIOR TO 2003, THE ORGANIZATION NEED NOT COMPLETE PART III FOR THE REFUNDING BOND ISSUE. 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 B & D, LINE 2(C): THE PROCEEDS OF THESE BONDS WERE USES FOR CURRENT REFUNDING PURPOSES. A CURRENT REFUND ISSUE MEETS THE SIX-MONTH SPENDING EXCEPTION AS PROVIDED IN TREASURY REGULATION SECTION 1.148-7. ACCORDINGLY, THESE BONDS MEET THE EXCEPTION TO ARBITRAGE REBATE, AND NO ARBITRAGE REBATE IS DUE. PART IV, BOND C, LINE 2(C): THE PROCEEDS OF THE SERIES 2017 BONDS WERE USED FOR ADVANCE REFUNDING PURPOSES, AND THE SIX-MONTH SPENDING EXCEPTION AS PROVIDED IN TREASURY REGULATION SECTION 1.148-7 IS NOT APPLICABLE. ACCORDINGLY, THE SERIES 2017 BONDS DO NOT MEET THE EXCEPTION TO ARBITRAGE REBATE. AN INTERIM REBATE COMPUTATION WAS COMPLETED ON 12/06/2023 WITH RESPECT TO THE BONDS FOR THE PERIOD 12/19/2017 THROUGH 12/19/2023. THE COMPUTATION INDICATED NONE OF THE GROSS PROCEEDS OF THE BONDS HAVE GIVEN RISE TO REBATE ARBITRAGE, AND THEREFORE NO REBATE PAYMENT WAS DUE. 27680 TUITION REMIS EDUC. BENEFIT 46000 SCHOLARSHIPS EDUC. BENEFIT SEAN EVERSLEY BRADWELL FAMILY OF FMR. OFF. 97844 SEE PART V 0 WILLIAM KIP OPPERMAN FAMILY OF FMR. TR. 26880 SEE PART V 0 SCHEDULE L, PART III SCHOOLS ARE NOT REQUIRED TO IDENTIFY THE NAMES OF INTERESTED PERSONS TO WHOM THEY PROVIDED SCHOLARSHIPS AND DISCOUNTED TUITION; ACCORDINGLY 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 REQUIRED TO BE 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 36 891294 FMV X EQUIPMENT 2 2001 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 391 COLLEGES: 2026 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 2025, THE COLLEGE ENROLLED 4,205 UNDERGRADUATE STUDENTS AND 586 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 (HSHP): THE SCHOOL OF HSHP'S STUDENTS TOUCH PEOPLE'S LIVES AS CLINICIANS, THERAPISTS, RESEARCHERS, ADMINISTRATORS, AND SPORT PROFESSIONALS. HSHP 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 WITH 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 3RD CONSECUTIVE YEAR, IN JUNE 2025, 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, 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 A MEMBER OF THE BOARD OF TRUSTEES IS DEEMED NON-INDEPENDENT IF, DURING THE COLLEGE'S TAX YEAR, THE MEMBER WAS (1) COMPENSATED AS AN OFFICER OR OTHER EMPLOYEE OF THE COLLEGE, AND/OR (2) INVOLVED IN A TRANSACTION WITH THE COLLEGE THAT IS REQUIRED TO BE REPORTED ON SCHEDULE L (FORM 990). THE FOLLOWING MEMBERS ARE DEEMED NON-INDEPENDENT: SARA J. HAEFELI, SCOTT S. DOYLE, MUREEN S. DOHERTY, 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 FORM 990. THE COLLEGE USES AN EXTERNAL TAX SERVICE PROVIDER TO PREPARE AND REVIEW FORM 990. THE VICE PRESIDENT OF FINANCE AND ADMINISTRATION AND OTHER KNOWLEDGEABLE PERSONS REVIEW THE FORM 990 PRIOR TO SUBMITTING FORM 990 TO THE BOARD OF TRUSTEES FOR REVIEW. THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES ENGAGES IN AN ADDITIONAL REVIEW OF 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 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 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 CHIEF FINANCIAL OFFICER 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 FORM 1023 WHICH IS NO LONGER AVAILABLE. FORM 990, PART XI, LINE 9: CHANGE IN POSTRETIREMENT BENEFIT OBLIGATION 1,368,782. CHANGE IN VALUATION OF WORKERS COMP SURPLUS 680,228. CHANGE IN FAIR VALUE OF INTEREST RATE SWAP AGREEMENTS 254,897. CHANGE IN VALUATION OF IRC SEC 403(B) FORFEITURE ACCOUNT 195,127. ADJUSTMENT TO LIABILITIES FOR GATE LOAN PROGRAM 7,581. PERKINS LOAN SERVICE CANCELLATION REIMBURSEMENTS 6,345. CHANGE IN VALUATION OF CHARITABLE GIVING ANNUITY AGREEMENTS -25,236. ADJUSTMENT TO LIABILITIES FOR SELF-INSURED HEALTH CARE -217,306.