Totals
- Total revenue
- $159,204,626
- Total expenses
- $166,128,809
- Contributions and grants received
- $7,326,172
- Grants paid
- $36,887,691
- Program service revenue
- $149,925,474
- Investment income
- $701,030
- Other revenue
- $1,251,950
- Total assets, end of year
- $254,798,458
- Total liabilities, end of year
- $131,350,550
- Net assets or fund balances, end of year
- $123,447,908
- Program services expenses (Part IX)
- $137,005,860
- Management and general expenses
- $27,439,129
- Fundraising expenses
- $1,683,820
- Program service expenses (Part III)
- $137,005,860
Program services were 82.5% 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
$672,847
-
1e · Government grants (contributions)
$2,551,381
-
1f · All other contributions, gifts and grants
$4,101,944
-
1g · Noncash contributions included above
$23,877
-
2a · Program service revenue: TUITION AND FEES
total $144,769,522 · related or exempt $144,769,522
-
2b · Program service revenue: STUDENT AUX. SERVICES
total $5,155,952 · related or exempt $5,155,952
-
3 · Investment income
total $2,180,725 · excluded $2,180,725
-
5 · Royalties
total $4,224 · excluded $4,224
-
6a · Gross rents
real property $274,650
-
6b · Less rental expenses
real property $72,587
-
6c · Rental income or loss
real property $202,063
-
6d · Net rental income or loss
total $202,063 · unrelated business $96,274 · excluded $105,789
-
7a · Gross sales of assets other than inventory
securities $62,543,547
-
7b · Less cost or other basis and sales expenses
securities $64,023,242
-
7c · Gain or loss
securities -$1,479,695
-
7d · Net gain or loss
total -$1,479,695 · excluded -$1,479,695
-
8a · Fundraising events: gross income
$260,780
-
8a · Fundraising events: contributions included on line 1c
$672,847
-
8b · Fundraising events: direct expenses
$414,140
-
8c · Net income from fundraising events
total -$153,360 · excluded -$153,360
-
9a · Gaming: gross income
$119,004
-
9b · Gaming: direct expenses
$10,424
-
9c · Net income from gaming
total $108,580 · excluded $108,580
-
11a · Other revenue: THEATRE PERFORMANCES
total $573,943 · unrelated business $573,943
-
11b · Other revenue: FORFEITED ENROLL. DEP.
total $137,892 · excluded $137,892
-
11c · Other revenue: STDNT. THEATRE PERF.
total $66,862 · related or exempt $66,862
-
11d · All other revenue
total $311,746 · excluded $311,746
-
11e · Other revenue, total
$1,090,443
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $11,149 · program services $11,149
-
2 · Grants to domestic individuals
total $36,876,542 · program services $36,876,542
-
5 · Compensation of officers, directors and key employees
total $2,562,461 · program services $2,285,023 · management and general $237,047 · fundraising $40,391
-
7 · Other salaries and wages
total $62,045,852 · program services $55,320,282 · management and general $5,746,417 · fundraising $979,153
-
8 · Pension plan contributions
total $2,287,351 · program services $2,039,699 · management and general $211,597 · fundraising $36,055
-
9 · Other employee benefits
total $14,169,741 · program services $12,635,582 · management and general $1,310,806 · fundraising $223,353
-
10 · Payroll taxes
total $5,097,129 · program services $4,545,262 · management and general $471,522 · fundraising $80,345
-
11b · Fees: legal
total $698,188 · program services $9,000 · management and general $689,188
-
11c · Fees: accounting
total $188,097 · management and general $188,097
-
11f · Fees: investment management
total $320,163 · management and general $320,163
-
11g · Fees: other
total $7,066,479 · program services $3,096,174 · management and general $3,965,885 · fundraising $4,420
-
12 · Advertising and promotion
total $3,312,532 · program services $335,126 · management and general $2,968,174 · fundraising $9,232
-
13 · Office expenses
total $1,761,534 · program services $1,244,938 · management and general $457,007 · fundraising $59,589
-
14 · Information technology
total $3,140,227 · program services $885,174 · management and general $2,254,535 · fundraising $518
-
16 · Occupancy
total $4,721,159 · program services $3,272,050 · management and general $1,446,875 · fundraising $2,234
-
17 · Travel
total $1,114,314 · program services $1,003,302 · management and general $104,696 · fundraising $6,316
-
19 · Conferences, conventions and meetings
total $1,223,480 · program services $748,765 · management and general $436,294 · fundraising $38,421
-
20 · Interest
total $3,985,467 · program services $69,594 · management and general $3,913,353 · fundraising $2,520
-
22 · Depreciation, depletion and amortization
total $8,252,993 · program services $8,252,993
-
23 · Insurance
total $964,570 · program services $8,243 · management and general $956,327
-
24a · Other expenses: BLDG. GROUNDS & MAINT.
total $1,448,339 · program services $1,010,582 · management and general $435,489 · fundraising $2,268
-
24b · Other expenses: STUDENT TESTING EXP.
total $877,216 · program services $877,216
-
24c · Other expenses: BAD DEBT EXPENSES
total $872,527 · management and general $872,527
-
24d · Other expenses: MEMBERSHIPS
total $303,825 · program services $151,686 · management and general $149,336 · fundraising $2,803
-
24e · All other expenses
total $2,827,474 · program services $2,327,478 · management and general $303,794 · fundraising $196,202
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $5,754,082 · end of year $5,240,318
-
2 · Savings and temporary cash investments
beginning of year $41,831,277 · end of year $37,478,893
-
3 · Pledges and grants receivable
beginning of year $5,513,302 · end of year $4,492,054
-
4 · Accounts receivable
beginning of year $2,369,038 · end of year $2,688,111
-
7 · Other notes and loans receivable
beginning of year $1,823,329 · end of year $1,769,512
-
9 · Prepaid expenses and deferred charges
beginning of year $2,461,496 · end of year $2,686,619
-
10a · Land, buildings and equipment: cost or other basis
$229,595,866
-
10b · Land, buildings and equipment: accumulated depreciation
$102,049,973
-
10c · Land, buildings and equipment, net
beginning of year $131,491,888 · end of year $127,545,893
-
11 · Investments: publicly traded securities
beginning of year $41,712,900 · end of year $46,097,837
-
12 · Investments: other securities
beginning of year $3,213,858 · end of year $3,577,866
-
14 · Intangible assets
beginning of year $131,250 · end of year $78,750
-
15 · Other assets
beginning of year $24,379,471 · end of year $23,142,605
-
17 · Accounts payable and accrued expenses
beginning of year $13,146,619 · end of year $13,080,988
-
18 · Grants payable
beginning of year $1,563,009 · end of year $1,667,668
-
19 · Deferred revenue
beginning of year $3,679,070 · end of year $3,748,162
-
20 · Tax-exempt bond liabilities
beginning of year $85,658,103 · end of year $82,894,463
-
21 · Escrow or custodial account liability
beginning of year $3,109,185 · end of year $3,348,733
-
25 · Other liabilities
beginning of year $27,695,117 · end of year $26,610,536
-
27 · Net assets without donor restrictions
beginning of year $114,774,241 · end of year $110,029,430
-
28 · Net assets with donor restrictions
beginning of year $11,056,547 · end of year $13,418,478
Mission and programs · 2022
Mission
MOLLOY UNIVERSITY, AN INDEPENDENT CATHOLIC UNIVERSITY, ROOTED IN THE DOMINICAN TRADITION OF STUDY, SPIRITUALITY, SERVICE, AND COMMUNITY, IS COMMITTED TO ACADEMIC EXCELLENCE WITH RESPECT FOR EACH PERSON. THROUGH TRANSFORMATIVE EDUCATION, MOLLOY PROMOTES A LIFELONG SEARCH FOR TRUTH AND THE DEVELOPMENT OF ETHICAL LEADERSHIP.
Activities or mission (Part I)
MOLLOY IS AN INDEPENDENT CATHOLIC UNIVERSITY ROOTED IN THE DOMINICAN TRADITION OF STUDY.
-
SEE SCHEDULE OTHROUGH TRANSFORMATIVE EDUCATION, MOLLOY UNIVERSITY PROMOTES A LIFELONG SEARCH FOR TRUTH AND THE DEVELOPMENT OF ETHICAL LEADERSHIP. WITH 4,807 STUDENTS, THE UNIVERSITY OFFERS 109 UNDERGRADUATE DEGREES IN THE SCHOOLS OF ARTS AND SCIENCES, BUSINESS, EDUCATION AND HUMAN SERVICES AND NURSING AND HEALTH SCIENCES, AS WELL AS 67 MASTER'S DEGREES (INCLUDING ADVANCED CERTIFICATES) AND THREE DOCTORAL DEGREES.THE UNIVERSITY PROVIDES A STUDENT-CENTERED LEARNING EXPERIENCE, WHICH ENHANCES THE INTELLECTUAL, ETHICAL, SPIRITUAL AND SOCIAL DEVELOPMENT OF EVERY STUDENT, AND STRIVES TO ENHANCE THE QUALITY OF ITS ACADEMIC PROGRAMS, FACULTY, AND TEACHING LEARNING ENVIRONMENT. THE UNIVERSITY CONTINUES TO IDENTIFY, RECRUIT AND EDUCATE STUDENTS WHO DEMONSTRATE LEADERSHIP QUALITIES, UNDERSTAND THE NEED FOR CIVIC ENGAGEMENT AND ASPIRE TO SERVE THE COMMUNITY.LOCATED IN ROCKVILLE CENTRE, NEW YORK, THE UNIVERSITY IS A HIGHLY RANKED, COMPREHENSIVE, REGIONAL INSTITUTION OF HIGHER EDUCATION WITH OUTSTANDING FACULTY, STATE-OF-THE-ART TECHNOLOGY AND DISTINGUISHED ACADEMIC PROGRAMS. NOTABLY, THE UNIVERSITY WAS RECENTLY IDENTIFIED BY BOTH MONEY MAGAZINE AND THE WALL STREET JOURNAL FOR ITS SUCCESS IN PREPARING STUDENTS TO SUCCEED. MOLLOY'S NURSING PROGRAM IS AMONG THE LARGEST NURSING PROGRAMS IN THE NORTHEAST REGION AND ONE OF THE HIGHEST RANKED IN THE COUNTRY.
Expenses $137,005,860 · Grants $36,887,691 · Revenue $149,992,336
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
James P LentiniJAMES P LENTINI
PRESIDENT
- Total calculated
- $628,066
- From this org
- $544,501
- From related orgs
- $0
- Other
- $83,565
- Hours/week
- 35
Schedule J breakdown matched by us
- Base
- $397,308
- Bonus
- $50,000
- Other
- $97,193
- Deferred
- $20,146
- Nontaxable benefits
- $63,419
- Filer's total
- $628,066
-
John P McEnteeJOHN P MCENTEE
CHAIRPERSON
- Total calculated
- $0
- Hours/week
- 1
-
Sr Margaret McVettySR MARGARET MCVETTY
VICE CHAIRPERSON
- Total calculated
- $0
- Hours/week
- 1
-
Phillipa G WoodriffePHILLIPA G WOODRIFFE
VICE CHAIRPERSON (THRU 05/2023)
- Total calculated
- $0
- Hours/week
- 1
-
John J Bishar JrJOHN J BISHAR JR
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Sammy ChuSAMMY CHU
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Donna L DellomoreDONNA L DELLOMORE
TRUSTEE (THRU 12/2022)
- Total calculated
- $0
- Hours/week
- 1
-
Diane EspositoDIANE ESPOSITO
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Maureen Evers-WilloxMAUREEN EVERS-WILLOX
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Laura FarahaniLAURA FARAHANI
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Raymond E FarrellRAYMOND E FARRELL
TRUSTEE (THRU 05/2023)
- Total calculated
- $0
- Hours/week
- 1
-
Nicolette Fiore-LopezNICOLETTE FIORE-LOPEZ
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Jeffrey H GreenfieldJEFFREY H GREENFIELD
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
David M HaganDAVID M HAGAN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Daniel F HinesDANIEL F HINES
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
S Zaki HossainS ZAKI HOSSAIN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Shari James-PierreSHARI JAMES-PIERRE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Sr Anne-Marie KirmseSR ANNE-MARIE KIRMSE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Sr Patricia KoehlerSR PATRICIA KOEHLER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Brendan LavelleBRENDAN LAVELLE
TRUSTEE (THRU 12/2022)
- Total calculated
- $0
- Hours/week
- 1
-
Timothy MooneyTIMOTHY MOONEY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Corey MuirheadCOREY MUIRHEAD
TRUSTEE (AS OF 01/2023)
- Total calculated
- $0
- Hours/week
- 1
-
Kenneth J PritchardKENNETH J PRITCHARD
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Susan SantoroSUSAN SANTORO
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Sr Kathleen TuiteSR KATHLEEN TUITE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
John WestermanJOHN WESTERMAN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Susan D WilliamsSUSAN D WILLIAMS
VICE PRESIDENT FINANCE & TREASURER
- Total calculated
- $290,961
- From this org
- $272,419
- From related orgs
- $0
- Other
- $18,542
- Hours/week
- 35
Schedule J breakdown matched by us
- Base
- $272,419
- Bonus
- $0
- Other
- $0
- Deferred
- $17,029
- Nontaxable benefits
- $1,513
- Filer's total
- $290,961
-
Diane K FornieriDIANE K FORNIERI
CHIEF OF STAFF & SECRETARY
- Total calculated
- $216,125
- From this org
- $161,917
- From related orgs
- $0
- Other
- $54,208
- Hours/week
- 35
Schedule J breakdown matched by us
- Base
- $161,917
- Bonus
- $0
- Other
- $0
- Deferred
- $10,785
- Nontaxable benefits
- $43,423
- Filer's total
- $216,125
-
Cheryl Michelle PiskulichCHERYL MICHELLE PISKULICH
PROVOST & VP ACADEMIC AFFAIRS
- Total calculated
- $323,176
- From this org
- $286,110
- From related orgs
- $0
- Other
- $37,066
- Hours/week
- 35
Schedule J breakdown matched by us
- Base
- $286,110
- Bonus
- $0
- Other
- $0
- Deferred
- $16,647
- Nontaxable benefits
- $20,419
- Filer's total
- $323,176
-
Edward J ThompsonEDWARD J THOMPSON
VICE PRESIDENT OFFICE OF ADVANCEMENT
- Total calculated
- $322,520
- From this org
- $258,020
- From related orgs
- $0
- Other
- $64,500
- Hours/week
- 35
Schedule J breakdown matched by us
- Base
- $254,967
- Bonus
- $0
- Other
- $3,053
- Deferred
- $0
- Nontaxable benefits
- $64,500
- Filer's total
- $322,520
-
Janine BiscariJANINE BISCARI
VICE PRESIDENT STUDENT AFFAIRS
- Total calculated
- $231,561
- From this org
- $218,389
- From related orgs
- $0
- Other
- $13,172
- Hours/week
- 35
Schedule J breakdown matched by us
- Base
- $214,489
- Bonus
- $0
- Other
- $3,900
- Deferred
- $13,172
- Nontaxable benefits
- $0
- Filer's total
- $231,561
-
Linda AlbaneseLINDA ALBANESE
VICE PRESIDENT ENROLLMENT MANAGEMENT
- Total calculated
- $228,768
- From this org
- $215,316
- From related orgs
- $0
- Other
- $13,452
- Hours/week
- 35
Schedule J breakdown matched by us
- Base
- $213,544
- Bonus
- $0
- Other
- $1,772
- Deferred
- $13,452
- Nontaxable benefits
- $0
- Filer's total
- $228,768
-
Michael Torres - VpMICHAEL TORRES - VP
OFFICE OF TECHNOLOGY (THRU 09/2022)
- Total calculated
- $210,194
- From this org
- $164,766
- From related orgs
- $0
- Other
- $45,428
- Hours/week
- 35
Schedule J breakdown matched by us
- Base
- $164,766
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $45,428
- Filer's total
- $210,194
-
Marcia GardnerMARCIA GARDNER
DEAN OF NURSING
- Total calculated
- $304,055
- From this org
- $229,506
- From related orgs
- $0
- Other
- $74,549
- Hours/week
- 35
Schedule J breakdown matched by us
- Base
- $229,506
- Bonus
- $0
- Other
- $0
- Deferred
- $15,079
- Nontaxable benefits
- $59,470
- Filer's total
- $304,055
-
Gioia BalesGIOIA BALES
DEAN OF BUSINESS
- Total calculated
- $292,550
- From this org
- $233,990
- From related orgs
- $0
- Other
- $58,560
- Hours/week
- 35
Schedule J breakdown matched by us
- Base
- $233,990
- Bonus
- $0
- Other
- $0
- Deferred
- $15,137
- Nontaxable benefits
- $43,423
- Filer's total
- $292,550
-
Barbara T Schmidt - AssociateBARBARA T SCHMIDT - ASSOCIATE
PROVOST ACADEMIC AFFAIRS
- Total calculated
- $248,322
- From this org
- $212,215
- From related orgs
- $0
- Other
- $36,107
- Hours/week
- 35
Schedule J breakdown matched by us
- Base
- $212,215
- Bonus
- $0
- Other
- $0
- Deferred
- $13,452
- Nontaxable benefits
- $22,655
- Filer's total
- $248,322
-
Audrey Cohan - Sr DeanAUDREY COHAN - SR DEAN
FOR RESEARCH & SCHOLARSHIP
- Total calculated
- $213,980
- From this org
- $204,751
- From related orgs
- $0
- Other
- $9,229
- Hours/week
- 35
Schedule J breakdown matched by us
- Base
- $204,751
- Bonus
- $0
- Other
- $0
- Deferred
- $9,229
- Nontaxable benefits
- $0
- Filer's total
- $213,980
-
John CarpenteJOHN CARPENTE
PROFESSOR
- Total calculated
- $209,652
- From this org
- $201,615
- From related orgs
- $0
- Other
- $8,037
- Hours/week
- 35
Schedule J breakdown matched by us
- Base
- $201,615
- Bonus
- $0
- Other
- $0
- Deferred
- $8,037
- Nontaxable benefits
- $0
- Filer's total
- $209,652
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 · Health or social club dues or initiation fees
- 1b · Written policy on the line-1a expenses
- 2 · Substantiation required before reimbursing expenses
- 3 · Compensation committee
- 3 · Independent compensation consultant
- 3 · Form 990 of other organizations
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
- 7 · Other non-fixed payments
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
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- PART I, LINE 1A
- THE UNIVERSITY'S PRESIDENT, JAMES P. LENTINI, IS PROVIDED CERTAIN PREREQUISITES BY VIRTUE OF HIS POSITION AT THE UNIVERSITY. BY CONTRACT, THE PRESIDENT IS ENTITLED TO USE OF A RESIDENCE, A CAR ALLOWANCE AND REIMBURSEMENT FOR SOCIAL CLUB DUES. THE USE OF RESIDENCE IS TREATED AS A TAXABLE FRINGE BENEFIT (REPORTABLE IN FORM 990, SCHEDULE J, PART II, COLUMN (B)(III)). BOTH THE PRESIDENT, JAMES P. LENTINI, AND VICE PRESIDENT FOR ADVANCEMENT, EDWARD J. THOMPSON, ARE REIMBURSED FOR SOCIAL CLUB DUES. SINCE THE SOCIAL CLUB IS USED BY BOTH SOLELY IN A BUSINESS CAPACITY, THIS CONSTITUTES A NON-TAXABLE FRINGE BENEFIT AND IS INCLUDED IN SCHEDULE J, PART II, COLUMN (D). FINALLY, THE VICE PRESIDENT FOR ADVANCEMENT IS ENTITLED TO A CAR ALLOWANCE; THE PERSONAL USE OF THE CAR IS A TAXABLE FRINGE BENEFIT AND IS INCLUDED IN SCHEDULE J, PART II, COLUMN (B)(III).
- PART I, LINE 7
- PRESIDENT, JAMES P. LENTINI, RECEIVED A $50,000 BONUS IN CALENDAR YEAR 2022, AUTHORIZED AT THE DISCRETION OF THE BOARD FOR MEETING CERTAIN OBJECTIVE PERFORMANCE-BASED CRITERIA. THE PRESIDENT'S FULL COMPENSATION PACKAGE, INCLUSIVE OF ANY BONUSES RECEIVED, AS WELL AS THE AFOREMENTIONED FRINGE BENEFITS, IS APPROVED BY THE BOARD OF TRUSTEES TO ENSURE THAT IT ALIGNS WITH COMPENSATION PAID TO SIMILARLY SITUATED INDIVIDUALS AT EDUCATIONAL INSTITUTIONS IN THE SAME GEOGRAPHICAL REGION. ALL COMPENSATION DECISIONS APPROVED BY THE BOARD ARE MEMORIALIZED IN COMMITTEE MEETING MINUTES.
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.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 10 May 2024
- IRS schema version
- 2022v5.0
- Source object
- 202401319349302185
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.