Annual Report 2008-2009 MOUNT SAINT MICHAEL, 4300 Murdock Avenue, Bronx, N
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Volume XII, No. V Annual Report 2008-2009 MOUNT SAINT MICHAEL, 4300 Murdock Avenue, Bronx, N. Y October, 2009 ANNUAL REPORT President’s Message 2008-2009 HOT OFF THE PRESSES A MESSAGE FROM ANTHONY MISERANDINO, PH.D. Dear Alumni and Friends of the Mount, The Annual Report details the triumphs of the efforts from every corner of the Mount universe. The generosity of every member of our community never fails to impress and amaze me – thank you for supporting our boys! On behalf of the many families who have been hard hit by the recent grim economic and financial crisis, I say “thank you.” Without the generosity documented here, many of our students would not have had the opportunity to benefit from a Mount education and the considerable leveraging it creates for their college acceptance and scholarships (over $20 million for the Class of 2009). The MOUNT is thriving like never before! I am as grateful as I am enthusiastic about the tremendous support we have received from our extraordinarily faithful alumni and friends. Our recent induction ceremony of the third cohort of “Legends of the Mount” demonstrates the great achievement of spirit and resources generated to realize our mission of serving first generation students who often are marginalized by society. The mission and purpose of the MOUNT is as vibrant today as in the past: to provide a quality education and a Catholic community which nourishes the maturity and faith of all our members. This Annual Report is powerful testimony to the enthusiastic embrace of this mission that has served the young men of the MOUNT so well over our 83- year history. This past year is one of the most successful in our brief history of fund raising. I am especially grateful for the efforts of our Development Office (Cheryl Mantia, Mike Duignan, Nydia Arezza, and Br. John Bantz) and the watchful eye on budget and infrastructure issues by Lisa Parrinelli and Bob Erickson respectively. All these people are invaluable in the stewardship of the Mount resources. The economic realities of providing a Catholic education today are more daunting than ever. The great support of the Annual Fund has allowed the MOUNT to educate talented students from deserving families. This is the central feature driving the vision of the Marist Brothers. We continue to Mount students help the hungry in Haiti. fund, through scholarships and financial aid, 46% of our student body – a remarkable record for a secondary school in the United States today. I never fail to be impressed with the sense of responsibility for the future of the MOUNT that our alums embrace. They know what a great experience they had as students, and their generous participation in the Annual Fund reflects Chairman’s Message their deep and abiding sense of gratitude and appreciation. As you review the Annual Report, take pride and satisfaction in the truly distinguished achievement represented by the participation of so many people. A message from John Farrauto Your commitment to the continued success of the MOUNT is what helps to motivate all of us in the trenches. The faculty and staff are energized by your willingness to join them in working to serve the students of Mount Saint As I begin my second Our current student body come from families much poorer Michael Academy. Together we form a community that models the best in year as Chairman of the than our families were and desperately need our help. Catholic Education, and preserves the spirit of Saint Marcellin Champagnat, Directory it is obvious The directory continues to look to ways to balance the the founder of the Marist Brothers. Together we act with “a heart that knows that the recession has seriously impacted our financial well budget and make sure our curriculum is “first rate”. no bounds.” being. It has made the need for scholarships and financial On behalf of our entire faculty, staff, and especially our students, we are deeply aid for our students even more acute. At the same time My dream would be to be able to provide scholarships or grateful for your generous and continued support, thank you. our alumni are finding it harder to be generous. There are financial aid to every Mount students who needs it. A few alumni however, who’ve been very successful and can help alumni have been extremely generous and we ask them to Sincerely, in a big way. please do more. Some alumni who can help have remained on the sideline. We implore them to help. Keep the Mount I implore all of you to make that extra effort. Remember a place where today’s student population can reap the what the Mount meant to you and do what you can to help benefits we did. current Mount students get the same quality education. Page 2 THE TOWER October, 2009 October, 2009 THE TOWER Page 3 CELEBRATING 50 YEARS AS MARIST BROTHERS! AUDITED STATEMENT OF ACTIVITIES Former Mount Principal Brother John Herrmann, FMS and Former President Brother John Bantz, FMS ’56 Year Ended August 31, 2008 2008 Unrestricted Temporarily Restricted Permanentely Restricted TOTAL REVENUE AND SUPPORT Tuition $5,816,345 — — $5,816,345 Student Fees 914,587 — — 914,587 Auxillary Services 981,293 — — 981,293 Mandated Services 533,660 — — 533,660 Contributions 1,159,063 149,108 227,596 1,535,767 Investment Income 7,278 — — 7,278 Contributed Services 94,714 — — 94,714 Other Income 171,085 — — 171,085 Total $9,678,025 149,108 227,596 10,054,729 NET ASSETS RELEASED FROM RESTRICTIONS Technology Expenditures $36,132 ($36,132) — — Then, as now, the goal was to bring the love of Jesus and Mary to others through lives of service. Building Expenditures — — — — Science labs 89,093 (89,093) — — Scholarships 44,636 44,636 1953 FOOD DRIVE IS A HUGE SUCCESS Annual Fund — — — — Total revenue and support $9,847,886 ($20,753) $227,596 $10,054,729 EXPENSES Educational 4,176,789 — — 4,176,789 Student Activities & Services 959,385 — — 959,385 Transportation 513,005 — — 513,005 Financial Aid 945,640 — — 945,640 Operations & Maintenance of Physical Plant $1,098,197 — — $1,098,197 Total program service expense $7,693,016 — — $7,693,016 Development $403,882 — — $403,882 Technology 260,074 — — 260,074 Administration & Support 1,225,933 — — 1,225,933 Total Expenses 9,582,905 — — 9,582,905 Change in Net Assests 264,981 (20,753) 227,596 471,824 Net Assests - Beginning of Year 1,502,341 $343,348 $1,480,488 $3,326,177 NET ASSETS - ENDING $1,767,322 $322,595 $1,708,084 $3,798,001 YESTERDAY Vincent C. Liuzzo (Brother Denis Herman), Joseph R. White (Brother Cyril Dunstan), Victor S. Liuzzo (Brother Sixtus Victor), Jeremiah M. O’Keefe (Brother Godwin Anselm), received the Holy Habit on July 26, 1942 in Poughkeepsie, NY. HAPPY 50th! “To the class of 1959, I wish to thank you from the bottom of my heart for the scholarship money you gifted. I will do my best for you to be proud of me. Thank you. Thank you. Thank you!” Jordan Bruno ’13 Mounties giving back to the community yesterday and still giving back today. TODAY Page 4 THE TOWER October, 2009 October, 2009 THE TOWER Page 5 National Shared Service Center Dr. Peter D. Fugazzi ‘58 United States Fire Insurance Company Laura and Robert Santavicca Thomas J. Seery ‘59 Robert Fury ‘56 Paul T. Virciglio ‘56 John A. Scott-Monck ‘54 Col. Robert H. Seh, Jr. USAF (Ret) ‘53 Francis X. Gagliano ‘55 Dr. Michael F. Volpe ‘56 Henry J. Sessa ‘56 Bishop Dennis J. Sullivan ‘63 David G. Gallo Edward J. Shea ‘69 Thomas C. Giordano Memorial John P. Ganz ‘72 Howie Smith League Shell Oil Company Foundation Education Fund James Gehrman Bruce J. Acheson ‘ 59 Alan Snider, Esq. Fortunato Giannetto ‘55 Anonymous Raymond J. Sobota ‘45 THE PRESIDENT COUNCIL Br. Patrick Magee Union Joseph A. Gillespie ‘59 Brother John P. Bantz FMS ‘56 Nick M. Solotruk ‘90 Raymon Adiletta ‘77 Col. Louis P. Gonzalez USAF(Ret.) ‘57 Raymond E. Barry ‘55 George Spelios Membership in the President’s Council is open to all alumni, parents Andrew W. Albstein Dennis Hammer Richard W. Bartol ‘48 Ferdinand S. Spucci ‘63 and friends who contribute a gift of $1,000 or more before August 31st Dr. Richard Babaian ‘64 Timothy M. Hartnett ‘59 Mr. and Mrs. Paul Bebick John G. Spyropulos ‘62 Henry Boeckmann Hurlbut Foundation Rev. Gerard P. Bell SJ ‘44 Murray Stark of each year, with opportunities for leadership at five different levels: Thomas P. Burke ‘78 Daniel M. Iazzetti ‘91 James J. Boylan ‘50 Statewide Abstract Corp. Peter J. Byrne ‘58 Mario A. Iazzetti ‘65 Frank Branco Jean S. Suits ‘53 Dr. Thomas A. Caleca ‘72 JonAng, Inc. Bronx Catholic Gerard C. Sullivan ‘63 Champagnat Circle Br. Patrick Magee Union Antonio Carvalho, Jr. ‘79 Richard F. Jones, Jr. ‘57 Mr. and Mrs. Frank A. Bucci Superior Vending Services, Inc. $10,000 or more $1,000 - $1,499 Gary Cordavano ’67 Mr. and Mrs. Brian F. Joyce Marshall J. Bucci ‘61 Donald P. Sweeney ‘56 Richard M. Cuneo ‘63 Brother James Kearney, FMS Donna Marie Burke The J.P. Morgan Chase Foundation Br. Joseph Damian Associates Guidance Counselor Joseph Pescara helps students find their way to colleges Br. Florentius Founders Society DeBiase Brother Service Center Inc. Mr. and Mrs. Michael A. Lalli ‘73, Esq. Mr. Gary E. Byrne Victor J. Tortorelli ‘70 $500 - $999 and universities. $5,000 - $9,999 Ernest A. DelGatto ‘77 Paul Licata ‘88 Castro & Co. Frank N. Tucci ‘56 Kevin Downey ’84 Elissa Locatelli Christopher Columbus High School Stephen B.