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Nonprofiteer
← IONA UNIVERSITY

Form 990 for tax year 2022

Filed by IONA UNIVERSITY.

Totals

Total revenue
$183,290,865
Total expenses
$184,921,114
Contributions and grants received
$23,020,223
Grants paid
$64,378,913
Program service revenue
$154,167,469
Investment income
$426,061
Other revenue
$5,677,112
Total assets, end of year
$450,915,510
Total liabilities, end of year
$131,549,034
Net assets or fund balances, end of year
$319,366,476
Program services expenses (Part IX)
$165,191,082
Management and general expenses
$17,341,198
Fundraising expenses
$2,388,834
Program service expenses (Part III)
$165,191,082

Program services were 89.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $653,635

  • 1e · Government grants (contributions)

    $4,209,958

  • 1f · All other contributions, gifts and grants

    $18,156,630

  • 1g · Noncash contributions included above

    $6,022,644

  • 2a · Program service revenue: TUITION AND FEES

    total $132,798,964 · related or exempt $132,798,964

  • 2b · Program service revenue: ROOM & BOARD (& OTHER STUDENT CHARGES)

    total $20,427,818 · related or exempt $20,427,818

  • 2c · Program service revenue: CAFETERIA

    total $815,793 · excluded $815,793

  • 2d · Program service revenue: BOOKSTORE

    total $66,510 · excluded $66,510

  • 2e · Program service revenue: VENDING COMMISSIONS

    total $58,384 · excluded $58,384

  • 3 · Investment income

    total $426,061 · unrelated business $315,081 · excluded $110,980

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6a · Gross rents

    real property $1,087,793

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $1,087,793 · personal property $0

  • 6d · Net rental income or loss

    total $1,087,793 · excluded $1,087,793

  • 7a · Gross sales of assets other than inventory

    securities $26,332,000

  • 7b · Less cost or other basis and sales expenses

    securities $26,332,000

  • 7d · Net gain or loss

    total $0

  • 8a · Fundraising events: gross income

    $130,800

  • 8a · Fundraising events: contributions included on line 1c

    $653,635

  • 8b · Fundraising events: direct expenses

    $342,566

  • 8c · Net income from fundraising events

    total -$211,766 · excluded -$211,766

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $0

  • 11a · Other revenue: NCAA DISTRIBUTION & GAME RECEIPTS

    total $727,437 · related or exempt $727,437

  • 11b · Other revenue: INSURANCE PROCEEDS

    total $429,411 · related or exempt $429,411

  • 11c · Other revenue: ATHLETICS MARKETING

    total $305,296 · related or exempt $305,296

  • 11d · All other revenue

    total $3,338,941 · related or exempt $3,334,251 · unrelated business $3,225 · excluded $1,465

  • 11e · Other revenue, total

    $4,801,085

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0

  • 2 · Grants to domestic individuals

    total $64,378,913 · program services $64,378,913

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $1,923,496 · program services $327,634 · management and general $1,595,862

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $51,577,334 · program services $44,402,759 · management and general $5,962,891 · fundraising $1,211,684

  • 8 · Pension plan contributions

    total $2,704,890 · program services $2,261,475 · management and general $382,155 · fundraising $61,260

  • 9 · Other employee benefits

    total $8,334,952 · program services $6,968,596 · management and general $1,177,586 · fundraising $188,770

  • 10 · Payroll taxes

    total $3,825,468 · program services $3,198,356 · management and general $540,473 · fundraising $86,639

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $220,633 · management and general $220,633

  • 11c · Fees: accounting

    total $181,707 · management and general $181,707

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $46,000 · fundraising $46,000

  • 11f · Fees: investment management

    total $452,759 · management and general $452,759

  • 11g · Fees: other

    total $5,382,212 · program services $1,983,649 · management and general $2,842,654 · fundraising $555,909

  • 12 · Advertising and promotion

    total $2,491,652 · program services $2,149,979 · management and general $103,101 · fundraising $238,572

  • 13 · Office expenses

    total $898,763 · program services $836,160 · management and general $62,603

  • 14 · Information technology

    total $2,207,187 · program services $2,053,446 · management and general $153,741

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $6,314,225 · program services $5,874,411 · management and general $439,814

  • 17 · Travel

    total $3,328,010 · program services $3,096,199 · management and general $231,811

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $126,487 · program services $117,677 · management and general $8,810

  • 20 · Interest

    total $4,509,332 · program services $4,195,237 · management and general $314,095

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $9,460,920 · program services $8,801,924 · management and general $658,996

  • 23 · Insurance

    total $2,210,342 · program services $2,056,382 · management and general $153,960

  • 24a · Other expenses: FOOD SERVICES

    total $6,887,751 · program services $6,407,988 · management and general $479,763

  • 24b · Other expenses: OTHER ATHLETIC EXPENSES

    total $1,773,244 · program services $1,649,730 · management and general $123,514

  • 24c · Other expenses: STUDENT ACTIVITIES

    total $1,131,447 · program services $1,052,637 · management and general $78,810

  • 24d · Other expenses: PROFESSIONAL DUES & TRAINING

    total $569,729 · program services $530,045 · management and general $39,684

  • 24e · All other expenses

    total $3,983,661 · program services $2,847,885 · management and general $1,135,776

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $5,840 · end of year $5,313

  • 2 · Savings and temporary cash investments

    beginning of year $32,899,841 · end of year $17,846,311

  • 3 · Pledges and grants receivable

    beginning of year $6,933,764 · end of year $5,145,714

  • 4 · Accounts receivable

    beginning of year $3,067,837 · end of year $3,438,440

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,562,186 · end of year $2,269,766

  • 10a · Land, buildings and equipment: cost or other basis

    $345,338,366

  • 10b · Land, buildings and equipment: accumulated depreciation

    $133,166,026

  • 10c · Land, buildings and equipment, net

    beginning of year $204,423,643 · end of year $212,172,340

  • 11 · Investments: publicly traded securities

    beginning of year $4,295,727 · end of year $6,089,510

  • 12 · Investments: other securities

    beginning of year $189,239,721 · end of year $203,184,825

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $791,565 · end of year $763,291

  • 17 · Accounts payable and accrued expenses

    beginning of year $14,872,918 · end of year $12,870,484

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $7,419,490 · end of year $7,711,341

  • 20 · Tax-exempt bond liabilities

    beginning of year $84,844,685 · end of year $83,238,322

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $23,193,753 · end of year $21,767,887

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $6,377,000 · end of year $5,961,000

  • 27 · Net assets without donor restrictions

    beginning of year $246,984,278 · end of year $252,112,395

  • 28 · Net assets with donor restrictions

    beginning of year $59,528,000 · end of year $67,254,081

Mission and programs · 2022

Mission

IONA UNIVERSITY IS A CARING ACADEMIC COMMUNITY, INSPIRED BY THE LEGACY OF BLESSED EDMUND RICE AND THE CHRISTIAN BROTHERS, WHICH EMBODIES OPPORTUNITY, JUSTICE, AND THE LIBERATING POWER OF EDUCATION. IONA UNIVERSITY'S PURPOSE IS TO FOSTER INTELLECTUAL INQUIRY, COMMUNITY ENGAGEMENT AND AN APPRECIATION FOR DIVERSITY. IN THE TRADITION OF AMERICAN CATHOLIC HIGHER EDUCATION, IONA UNIVERSITY COMMITS ITS ENERGIES AND RESOURCES TO THE DEVELOPMENT OF GRADUATES RECOGNIZED FOR THEIR ETHICS, CREATIVITY AND PROBLEM-SOLVING ABILITIES; THEIR INDEPENDENT AND ADAPTIVE THINKING; THEIR JOY IN LIFELONG LEARNING; AND THEIR ENDURING INTEGRATION OF MIND, BODY AND SPIRIT.

Activities or mission (Part I)

IONA UNIVERSITY IS A CATHOLIC UNIVERSITY COMPRISED OF A DIVERSE COMMUNITY OF LEARNERS & SCHOLARS DEDICATED TO ACADEMIC EXCELLENCE IN THE TRADITION OF THE CHRISTIAN BROTHERS.

  • FOUNDED BY THE CONGREGATION OF CHRISTIAN BROTHERS IN 1940, IONA UNIVERSITY IS CHARTERED BY THE STATE OF NEW YORK AND FULLY ACCREDITED BY THE FEDERAL DEPARTMENT OF EDUCATION APPROVED REGIONAL ACCREDITOR, THE MIDDLE STATES COMMISSION ON HIGHER EDUCATION (MSCHE), TO OFFER CREDIT-BEARING COURSEWORK TOWARDS DEGREES AND REGISTERED CERTIFICATES AT THE UNDERGRADUATE AND GRADUATE LEVELS. IN ADDITION TO MSCHE, IONA'S ACADEMIC PROGRAMS HOLD MULTIPLE PROFESSIONAL AND SPECIAL ACCREDITATIONS FROM INDEPENDENT ACCREDITING BODIES INCLUDING THE ACCREDITATION BOARD FOR ENGINEERING AND TECHNOLOGY (ABET); ACCREDITATION COUNCIL FOR OCCUPATIONAL THERAPY EDUCATION (ACOTE); AMERICAN ASSOCIATION FOR MARRIAGE AND FAMILY THERAPY (AAMFT); AMERICAN CHEMICAL SOCIETY (ACS); ASSOCIATION FOR ADVANCING QUALITY IN EDUCATOR PREPARATION (AAQEP); ASSOCIATION TO ADVANCE COLLEGIATE SCHOOLS OF BUSINESS INTERNATIONAL (AACSB); COLLEGE READING AND LEARNING ASSOCIATION (CRLA); COMMISSION ON COLLEGIATE NURSING EDUCATION; COUNCIL ON ACADEMIC ACCREDITATION IN AUDIOLOGY AND SPEECH-LANGUAGE PATHOLOGY (CAA); COUNCIL ON SOCIAL WORK EDUCATION (CSWE); AND NATIONAL ASSOCIATION OF SCHOOL PSYCHOLOGISTS (NASP). NOTABLY, THE SCHOOL OF BUSINESS IS ACCREDITED BY AACSB INTERNATIONAL - A HIGHLY ACCLAIMED DISTINCTION AWARDED TO JUST 6% OF BUSINESS SCHOOLS WORLDWIDE. IONA'S MAIN CAMPUS IS LOCATED ON 43 ACRES IN NEW ROCHELLE (WESTCHESTER COUNTY), NEW YORK, 20 MILES NORTH OF MIDTOWN MANHATTAN. IONA ALSO RECENTLY OPENED A NEW CAMPUS IN BRONXVILLE, NEW YORK, WHICH IS HOME TO ITS NEW SCHOOL OF HEALTH SCIENCES. IONA'S STUDENT BODY IS COMPRISED OF APPROXIMATELY 3,100 UNDERGRADUATE STUDENTS AND 600 GRADUATE STUDENTS WITH A WIDE VARIETY OF UNDERGRADUATE AND GRADUATE DEGREES IN THE SCHOOL OF ARTS AND SCIENCE, SCHOOL OF BUSINESS AND SCHOOL OF HEALTH SCIENCES. IN RECENT YEARS, THE IONA COMMUNITY HAS FOCUSED ON ADVANCING STUDENT DISTINCTION, ELEVATING THE IONA EXPERIENCE, ENHANCING ACADEMIC DISTINCTION, GROWING INFRASTRUCTURE, ADVANCING AFFORDABILITY, AND RAISING NECESSARY RESOURCES. MUCH SUCCESS HAS BEEN REALIZED INCLUDING ENHANCED ACADEMIC OFFERINGS AND INTERNATIONAL PROGRAMS, THE LAUNCH OF ACADEMIC CENTERS AND INSTITUTES, RECORD SCHOLARSHIPS AWARDED, GROWTH TO THE ENDOWMENT OF OVER 100%, AND AN INCREASE TO CAMPUS LAND HOLDINGS OF 30%. IONA UNIVERSITY OFFERS A VIBRANT EXPERIENCE FOR STUDENTS WITH STUDENT CLUBS, ORGANIZATIONS, AND GROUPS ON CAMPUS, AND AN NCAA DIVISION I ATHLETICS PROGRAM WITH 23 VARSITY TEAMS. THE SCHOOL OF ARTS AND SCIENCE, SCHOOL OF BUSINESS AND SCHOOL OF HEALTH SCIENCES SUPPORT THE MISSION OF IONA UNIVERSITY THROUGH A COMMITMENT TO FOSTERING ACADEMIC EXCELLENCE AND INTELLECTUAL INQUIRY IN THE LIBERAL ARTS TRADITION. THE SCHOOLS EMBRACE THE VALUES OF A STUDENT-CENTERED INSTITUTION ROOTED IN A RELIGIOUS TRADITION INCLUDING THE PURSUIT OF KNOWLEDGE AND TRUTH; DEVOTION TO INTEGRITY, DIVERSITY, AND FREEDOM OF INQUIRY; OPENNESS TO CHANGE, INNOVATION, AND ENTREPRENEURSHIP; APPRECIATION FOR DATA-INFORMED, OUTCOMES ORIENTED PRACTICES THAT PROMOTE INTERNAL COLLABORATION AND EXTERNAL COMPETITIVENESS; COMMITMENT TO COMPASSION; TRANSPARENT DECISION-MAKING; AND ACCOUNTABILITY AND DEDICATION TO RESPONSIBLE STEWARDSHIP OF HUMAN, PHYSICAL, FINANCIAL, AND ENVIRONMENTAL RESOURCES. IONA UNIVERSITY HAS NEARLY 40 UNDERGRADUATE DEGREE PROGRAMS OF STUDY, OVER 50 UNDERGRADUATE MINORS, AND 25 GRADUATE PROGRAMS (16 MASTER'S DEGREE PROGRAMS AND 9 ADVANCED CERTIFICATE PROGRAMS) THROUGH THE SCHOOL OF ARTS & SCIENCE, LAPENTA SCHOOL OF BUSINESS, NEW YORK-PRESBYTERIAN IONA SCHOOL OF HEALTH SCIENCES AND HYNES INSTITUTE FOR ENTREPRENEURSHIP & INNOVATION. ON JULY 1, 2022, IONA OFFICIALLY CHANGED ITS STATUS FROM COLLEGE TO UNIVERSITY.

    Expenses $102,222,894 · Grants $64,378,913 · Revenue $132,798,964

  • STUDENT SERVICES - OTHER ACADEMIC AND STUDENT SUPPORT ACTIVITIES ARE PROVIDED FOR ENROLLED STUDENTS AND IN SUPPORT OF FACULTY SCHOLARSHIP CONSISTENT WITH STANDARDS ESTABLISHED BY THE NEW YORK STATE EDUCATION DEPARTMENT, THE COMMISSION OF HIGHER EDUCATION OF THE MIDDLE STATES ASSOCIATION OF SCHOOLS AND COLLEGES AND BEST PRACTICES IN AMERICAN HIGHER EDUCATION. THESE INCLUDE FULLY STAFFED AND OPERATIONAL LIBRARIES, A CAREER DEVELOPMENT CENTER, COUNSELING CENTER, HEALTH SERVICES CENTER, IT SUPPORT CENTER, FACULTY TRAINING CENTER, TUTORING AND ACADEMIC SUPPORT CENTER, CAMPUS MINISTRIES OFFICE, ATHLETICS DEPARTMENT, AND STUDENT DEVELOPMENT OFFICE SERVICING CLUBS, STUDENT GOVERNMENT, STUDENT MEDIA AND STUDENT RECREATION.

    Expenses $40,161,169 · Revenue $4,796,394

  • AUXILIARY ENTERPRISES - IONA UNIVERSITY PROVIDE ANCILLARY AUXILIARY SERVICES TO BOTH ITS STUDENT POPULATION AND ITS EMPLOYEE BASE IN AN EFFORT TO SUPPORT ITS EDUCATIONAL MISSION: 1) RESIDENTIAL SERVICES - AS PART OF THE STUDENT EXPERIENCE, IONA UNIVERSITY OFFERS ON-CAMPUS RESIDENCE HALL HOUSING AND RELATED SERVICES. THE PRIMARY GOAL OF IONA'S RESIDENTIAL LIFE PROGRAM IS TO PROVIDE A SAFE, SECURE AND COMFORTABLE ENVIRONMENT WHERE ACADEMIC SUCCESS, AS WELL AS THE SOCIAL, EMOTIONAL, SPIRITUAL, PHYSICAL AND CULTURAL DEVELOPMENT OF EACH RESIDENT, IS FACILITATED. 2) BOOKSTORE - THE UNIVERSITY HAS AN ON-CAMPUS BOOKSTORE WHERE STUDENTS CAN PURCHASE TEXTBOOKS, STUDY AIDS, ELECTRONICS, SOFTWARE, STATIONERY AND RELATED HARD GOODS. 3) FOOD SERVICE/CAFETERIA - THE UNIVERSITY HAS AN ON-CAMPUS CAFETERIA THAT IS COMMITTED TO PROVIDING QUALITY AND NUTRITIOUS FOOD WITH EXCEPTIONAL SERVICE. RESIDENT STUDENTS AND COMMUTERS MAY PARTICIPATE IN THE FULL MEAL PLAN OFFERED AT IONA UNIVERSITY.

    Expenses $22,807,019 · Revenue $20,427,819

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Dr Seamus Carey

    PRESIDENT

    Total calculated
    $859,049
    From this org
    $813,724
    From related orgs
    $0
    Other
    $45,325
    Hours/week
    65

    Schedule J breakdown matched by us

    Base
    $677,500
    Bonus
    $75,000
    Other
    $61,224
    Deferred
    $15,250
    Nontaxable benefits
    $30,075
    Filer's total
    $859,049
  • Richard Pitino

    HEAD COACH - MENS BASKETBALL

    Total calculated
    $823,550
    From this org
    $787,828
    From related orgs
    $0
    Other
    $35,722
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $704,498
    Bonus
    $25,000
    Other
    $58,330
    Deferred
    $15,250
    Nontaxable benefits
    $20,472
    Filer's total
    $823,550
  • Kevin O'Sullivan

    SVP, ENROLLMENT&STUDENT AFFAIR

    Total calculated
    $328,823
    From this org
    $294,700
    From related orgs
    $0
    Other
    $34,123
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $256,642
    Bonus
    $27,030
    Other
    $11,028
    Deferred
    $13,651
    Nontaxable benefits
    $20,472
    Filer's total
    $328,823
  • Lynne Richardson

    DEAN, LAPENTA BUSINESS SCHOOL

    Total calculated
    $295,132
    From this org
    $263,781
    From related orgs
    $0
    Other
    $31,351
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $239,893
    Bonus
    $20,000
    Other
    $3,888
    Deferred
    $12,626
    Nontaxable benefits
    $18,725
    Filer's total
    $295,132
  • Timothy Cluess

    ADVISOR TO THE PRES.&ATHLETICS

    Total calculated
    $282,406
    From this org
    $259,321
    From related orgs
    $0
    Other
    $23,085
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $230,360
    Bonus
    $0
    Other
    $28,961
    Deferred
    $21,146
    Nontaxable benefits
    $1,939
    Filer's total
    $282,406
  • Tricia Mulligan PhD

    PROVOST&SVP, ACADEMIC AFFAIRS

    Total calculated
    $265,932
    From this org
    $214,711
    From related orgs
    $0
    Other
    $51,221
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $194,772
    Bonus
    $0
    Other
    $19,939
    Deferred
    $21,146
    Nontaxable benefits
    $30,075
    Filer's total
    $265,932
  • Kathleen McElroy

    GENERAL COUNSEL

    Total calculated
    $265,364
    From this org
    $264,727
    From related orgs
    $0
    Other
    $637
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0
    Other
    $264,727
    Deferred
    $241
    Nontaxable benefits
    $396
    Filer's total
    $265,364
  • Laura Doherty

    SVP, ADVANCEMENT&EXTERNAL AFF.

    Total calculated
    $262,670
    From this org
    $242,040
    From related orgs
    $0
    Other
    $20,630
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $215,651
    Bonus
    $10,479
    Other
    $15,910
    Deferred
    $11,720
    Nontaxable benefits
    $8,910
    Filer's total
    $262,670
  • Maryellen Callaghan

    SVP, STRATEGIC INIT&BOARD SEC

    Total calculated
    $250,152
    From this org
    $227,067
    From related orgs
    $0
    Other
    $23,085
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $173,375
    Bonus
    $14,864
    Other
    $38,828
    Deferred
    $21,146
    Nontaxable benefits
    $1,939
    Filer's total
    $250,152
  • Darrell Wheeler

    PROVOST&SVP, ACADEMIC AFFAIRS

    Total calculated
    $200,830
    From this org
    $181,998
    From related orgs
    $0
    Other
    $18,832
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $142,780
    Bonus
    $27,953
    Other
    $11,265
    Deferred
    $7,824
    Nontaxable benefits
    $11,008
    Filer's total
    $200,830
  • Sandy A Curko

    GENERAL COUNSEL

    Total calculated
    $171,777
    From this org
    $159,110
    From related orgs
    $0
    Other
    $12,667
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $150,000
    Bonus
    $3,485
    Other
    $5,625
    Deferred
    $6,923
    Nontaxable benefits
    $5,744
    Filer's total
    $171,777
  • Anne Marie Schettini-Lynch

    SVP, FINANCE & ADMINISTRATION

    Total calculated
    $132,171
    From this org
    $122,432
    From related orgs
    $0
    Other
    $9,739
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $104,206
    Bonus
    $0
    Other
    $18,226
    Deferred
    $8,993
    Nontaxable benefits
    $746
    Filer's total
    $132,171
  • Nathaniel J Kane

    SVP, FINANCE & ADMINISTRATION

    Total calculated
    $124,860
    From this org
    $114,916
    From related orgs
    $0
    Other
    $9,944
    Hours/week
    65
  • Michael Hegarty

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    2
  • James P Hynes

    BOARD VICE CHAIR

    Total calculated
    $0
    Hours/week
    2
  • Lucille Bootman

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • David P Brown

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Ronald M Defeo

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Andrew J Dolce

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Michael Doheny

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Eileen Ivers

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • John C Judge

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Kayla Haughton Kosack

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Robert V Lapenta

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Bartley F Livolsi

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Phillip N Maisano

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Joseph M Murphy Jr

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • C Patrick O'Donnell Jr

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Peter G Riguardi

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Dr Eric Robinson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Armando Rodriguez Jr

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Karen Seitz

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Dr Ingrid Thompson-Sellers

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Lawrence I Wills

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · Housing allowance or residence for personal use
  • 1a · Personal services (maid, chauffeur, chef)
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

SCHEDULE J, PART I, LINE 1A:
HOUSING ALLOWANCE OR RESIDENCE FOR PERSONAL USE - THE UNIVERSITY PROVIDES THE PRESIDENT HOUSING ON THE UNIVERSITY'S CAMPUS FOR THE CONVENIENCE OF THE EMPLOYER (IONA UNIVERSITY) AND AS A CONDITION OF EMPLOYMENT. THE FAIR MARKET VALUE OF SUCH LODGING IS EXCLUDED FROM THE PRESIDENT'S TAXABLE INCOME AND IS NOT REPORTED ON FORM 990, SCHEDULE J, PART II, COLUMN (D) AS A NONTAXABLE BENEFIT. PERSONAL SERVICES - THE UNIVERSITY PROVIDES DR. SEAMUS CAREY, PRESIDENT, WITH CUSTODIAL STAFF THAT CLEANS THE PORTION OF HIS HOUSE THAT IS USED FOR BUSINESS.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • 748-754 NORTH AVENUE LLC

    REAL ESTATE · NY · income $152,036 · assets $2,570,000

    Directly controlled by IONA UNIV

Provenance

Return type
form_990
Tax year
2022
Filed
9 May 2024
IRS schema version
2022v5.0
Source object
202411359349302641

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