SACRED HEART UNIVERSITY: Form 990, tax year 2022

View the entire original 990 at ProPublica ↗

Organization
SACRED HEART UNIVERSITY (EIN 06-0776644)
Tax period
2022-07-01 to 2023-06-30
Filed
2024-05-14
IRS object ID
202411359349308146
Schema version
2022v5.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2024-05-14T14:12:02-05:00ReturnTs
Tax Period End2023-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN221478099PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1COHNREZNICK LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1350 CHURCH STREET 12TH FLOORAddressLine1Txt
CityHARTFORDCityNm
State AbbreviationCTStateAbbreviationCd
ZIP06103ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2022-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN060776644EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1SACRED HEART UNIVERSITY INCORPORATEDBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlSACRBusinessNameControlTxt
Phone2033968223PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line15151 PARK AVENUEAddressLine1Txt
CityFAIRFIELDCityNm
State AbbreviationCTStateAbbreviationCd
ZIP06825ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonPETER WARDPersonNm
Person TitleSR. VICE PRESIDENT FOR FINANCEPersonTitleTxt
Phone2033968223PhoneNum
Signature2024-05-14SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstPETERPersonFirstNm
Person LastWARDPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN
FieldValueIRS element (for citing)
IRS Responsible Prty Info Curr0IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonLAURA KIELCZEWSKIPreparerPersonNm
PTINP00740769PTIN
Phone9592007000PhoneNum
Preparation2024-05-10PreparationDt

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer2TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2022TaxYr
Build TS2023-04-26 12:10:37ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerJOHN PETILLOPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line15151 PARK AVENUEAddressLine1Txt
CityFAIRFIELDCityNm
State AbbreviationCTStateAbbreviationCd
ZIP06825ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$565,084,156GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.SACREDHEART.EDUWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1963FormationYr
Legal Domicile StateCTLegalDomicileStateCd
Activity Or MissionTHE UNIVERSITY IS A CO-EDUCATIONAL INSTITUTION OF HIGHER LEARNING OFFERING UNDERGRADUATE, GRADUATE AND DOCTORAL DEGREES, AS WELL AS CONTINUING EDUCATION IN A VARIETY OF DISCIPLINES, WITH A COMMITMENT TO LEADERSHIP IN CATHOLIC HIGHER EDUCATION.ActivityOrMissionDesc
Voting Members Governing Body23VotingMembersGoverningBodyCnt
Voting Members Independent21VotingMembersIndependentCnt
Total Employee5403TotalEmployeeCnt
Total Volunteers150TotalVolunteersCnt
Total Gross UBI$7,107,582TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$38,218,815PYContributionsGrantsAmt
CY Contributions Grants$23,827,438CYContributionsGrantsAmt
PY Program Service Revenue$428,326,581PYProgramServiceRevenueAmt
CY Program Service Revenue$471,698,261CYProgramServiceRevenueAmt
PY Investment Income$10,300,941PYInvestmentIncomeAmt
CY Investment Income$13,504,882CYInvestmentIncomeAmt
PY Other Revenue$29,373PYOtherRevenueAmt
CY Other Revenue$10,371CYOtherRevenueAmt
PY Total Revenue$476,875,710PYTotalRevenueAmt
CY Total Revenue$509,040,952CYTotalRevenueAmt
PY Grants And Similar Paid$115,981,948PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$124,369,238CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$138,082,516PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$148,539,091CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$419,513PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$522,502CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$4,611,705CYTotalFundraisingExpenseAmt
PY Other Expenses$145,512,074PYOtherExpensesAmt
CY Other Expenses$151,192,281CYOtherExpensesAmt
PY Total Expenses$399,996,051PYTotalExpensesAmt
CY Total Expenses$424,623,112CYTotalExpensesAmt
PY Revenues Less Expenses$76,879,659PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$84,417,840CYRevenuesLessExpensesAmt
Total Assets BOY$1,267,127,752TotalAssetsBOYAmt
Total Assets EOY$1,356,203,738TotalAssetsEOYAmt
Total Liabilities BOY$601,259,588TotalLiabilitiesBOYAmt
Total Liabilities EOY$588,582,233TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$665,868,164NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$767,621,505NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionAT SACRED HEART UNIVERSITY, WE NOT ONLY PREPARE STUDENTS FOR THE FUTURE, BUT ALSO GIVE THEM A DEEPER APPRECIATION OF WHO THEY ARE AND ALL THEY CAN BE. THROUGH OUR DISTINCTIVE MISSION AND COMMITMENT TO LEADERSHIP IN CATHOLIC HIGHER EDUCATION, WE HELP STUDENTS HELP OTHERS AND, TOGETHER, WE MAKE A DIFFERENCE IN THE WORLD. THE SHU MISSION: THE PURSUIT OF TRUTH AND KNOWLEDGE AS INTRINSICALLY VALUABLE; COMMITMENT TO EXCELLENCE IN ALL THAT WE DO; RESPONSIBILITY FOR THE COMMON GOOD OF SOCIETY; RECOGNITION OF THE DIGNITY AND WORTH OF EVERY HUMAN BEING; PRESERVATION, TRANSMISSION AND DEVELOPMENT OF THE LIBERAL ARTS AND CATHOLIC INTELLECTUAL TRADITIONS. OUR VISION IS TO SHAPE GRADUATES KNOWLEDGEABLE OF SELF, ROOTED IN FAITH, EDUCATED IN MIND, COMPASSIONATE IN HEART, RESPONSIVE TO SOCIAL AND CIVIC OBLIGATIONS AND ABLE TO RESPOND TO AN EVER-CHANGING WORLD.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$124,650,846ExpenseAmt
Revenue$395,297,628RevenueAmt
DescSACRED HEART CONTINUES TO OFFER A WIDE RANGE OF UNDERGRADUATE AND GRADUATE PROGRAMS. REGARDLESS OF WHAT UNDERGRADUATE PROGRAM OR GRADUATE PROGRAMS ARE CHOSEN, OUR FOCUS ON ACADEMIC OPPORTUNITIES - ROOTED IN THE CATHOLIC INTELLECTUAL TRADITIONS AND THE PRINCIPLES OF ENGAGED LEARNING - CREATES AN ABSORBING, CUSTOMIZED EDUCATIONAL EXPERIENCE FOR EACH STUDENT.Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
Expense$124,359,639ExpenseAmt
Grant$124,359,639GrantAmt
DescSACRED HEART UNIVERSITY'S STUDENT FINANCIAL ASSISTANCE OFFICE IS COMMITTED TO HELPING STUDENTS AND THEIR FAMILIES FIND THE MOST AFFORDABLE OPTIONS AVAILABLE FOR ATTENDING COLLEGE. FOR FULL-TIME UNDERGRADUATE STUDENTS, THERE ARE BASICALLY TWO TYPES OF FINANCIAL ASSISTANCES: FIRST, TRADITIONAL MERIT OR NEED-BASED AID; AND SECOND, A RANGE OF OTHER OPTIONS OPEN TO STUDENTS AND THEIR FAMILIES WHETHER THEY QUALIFY FOR TRADITIONAL AID OR NOT. SEVERAL FINANCIAL ASSISTANCE OPTIONS ARE ALSO AVAILABLE TO QUALIFIED PART-TIME UNDERGRADUATE STUDENTS AND GRADUATE STUDENTS.Desc

Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp

FieldValueIRS element (for citing)
Expense$65,574,973ExpenseAmt
Revenue$4,277,263RevenueAmt
DescSACRED HEART UNIVERSITY IS COMMITTED TO SERVING THE NEEDS OF ITS DIVERSE STUDENT POPULATION BY OFFERING AN ARRAY OF SERVICES DESIGNED TO ENSURE STUDENT SUCCESS. THESE SERVICES, PROVIDED THROUGH ACADEMIC ADVISING, STUDENT LIFE, CAREER SERVICES, JANDRISEVITS LEARNING CENTER, THE OFFICE OF SPECIAL SERVICES, AND THE WELLNESS CENTER, AIM TO SERVICE STUDENT IN A MANNER THAT IS CONSISTENT WITH THE MISSION. THE UNIVERSITY ALSO PROMOTES ACTIVE ENGAGED LEARNING OUTSIDE OF THE CLASSROOM. OUT ATHLETICS PROGRAMS ARE ABOUT MORE THAN JUST COMPETITION AND WINNING, THEY ARE BUILT ON LONGSTANDING TRADITION OF HELPING OUR STUDENT- ATHLETES REALIZE THEIR POTENTIAL, STRENGTHEN THEIR CHARACTER, AND EMPOWER THEIR MIND WHILE DEVELOPING SELF-CONFIDENCE AND VALUABLE LEADERSHIP SKILLS.Desc

Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp

FieldValueIRS element (for citing)
Expense$65,360,195ExpenseAmt
Grant$9,600GrantAmt
Revenue$65,021,478RevenueAmt
FieldValueIRS element (for citing)
Total Other Prog Srvc Expense$65,360,195TotalOtherProgSrvcExpenseAmt
Total Other Prog Srvc Grant$9,600TotalOtherProgSrvcGrantAmt
Total Other Prog Srvc Revenue$65,021,478TotalOtherProgSrvcRevenueAmt
Total Program Service Expenses$379,945,653TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying ActivitiesYes (1)LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of ArtYes (1)CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi EndowmentsYes (1)DonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other AssetsYes (1)ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt0IndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtYes (1)ConsolidatedAuditFinclStmtInd
School OperatingYes (1)SchoolOperatingInd
Foreign OfficeYes (1)ForeignOfficeInd
Foreign ActivitiesYes (1)ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional FundraisingYes (1)ProfessionalFundraisingInd
Fundraising ActivitiesYes (1)FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To OrganizationsYes (1)GrantsToOrganizationsInd
Grants To IndividualsYes (1)GrantsToIndividualsInd
Schedule J RequiredYes (1)ScheduleJRequiredInd
Tax Exempt BondsYes (1)TaxExemptBondsInd
Invest Tax Exempt Bonds0InvestTaxExemptBondsInd
Escrow Account0EscrowAccountInd
On Behalf Of Issuer0OnBehalfOfIssuerInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related PersonYes (1)GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash ContriYes (1)DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded EntityYes (1)DisregardedEntityInd
Related Entity0RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document14111IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee5403EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over LimitYes (1)UnrelatedBusIncmOverLimitInd
Form990 T FiledYes (1)Form990TFiledInd
Foreign Financial AccountYes (1)ForeignFinancialAccountInd
Foreign CountryEIForeignCountryCd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo ContributionsYes (1)QuidProQuoContributionsInd
Quid Pro Quo Contri DisclYes (1)QuidProQuoContriDisclInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht PymtYes (1)SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members23GoverningBodyVotingMembersCnt
Independent Voting Member21IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local ChaptersYes (1)LocalChaptersInd
Policies Reference ChaptersYes (1)PoliciesReferenceChaptersInd
Form990 Provided To Gvrn Body0Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEOYes (1)CompensationProcessCEOInd
Compensation Process OtherYes (1)CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1PETER WARDBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone2033968223PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line15151 PARK AVENUEAddressLine1Txt
CityFAIRFIELDCityNm
State AbbreviationCTStateAbbreviationCd
ZIP06825ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (37 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtOfficerOfficerIndKey EmployeeKeyEmployeeIndHighest Compensated EmployeeHighestCompensatedEmployeeIndFormer Ofcr Director TrusteeFormerOfcrDirectorTrusteeInd
CHARLES FIRLOTTE
TRUSTEE1.00Yes (X)$0$0$0
CHRISTOPHER K MCLEOD
TREASURER1.00Yes (X)$0$0$0Yes (X)
DANIEL THOMAS
TRUSTEE1.00Yes (X)$0$0$0
DOUGLAS KENNEDY
TRUSTEE1.00Yes (X)$0$0$0
ERIC WOOD EDD
TRUSTEE1.00Yes (X)$0$0$0
FRANK MARTIRE
TRUSTEE1.00Yes (X)$0$0$0
GARY J LEVIN
VICE CHAIRMAN1.00Yes (X)$0$0$0Yes (X)
JAMES MORLEY JR
TRUSTEE1.00Yes (X)$0$0$0
JOHN J PETILLO PHD
PRESIDENT35.00Yes (X)$1,272,604$0$119,079Yes (X)
JOHN VAZQUEZ
CHAIRMAN1.00Yes (X)$0$0$0Yes (X)
JULIE BONACIO
TRUSTEE1.00Yes (X)$0$0$0
KENNETH SIEGEL JD
TRUSTEE1.00Yes (X)$0$0$0
LINDA MCMAHON
TRUSTEE1.00Yes (X)$0$0$0
LYNN SERPICO
TRUSTEE1.00Yes (X)$0$0$0
MARY-ANN BUNTING
TRUSTEE1.00Yes (X)$0$0$0
PAMELA MILLER
TRUSTEE1.00Yes (X)$0$0$0
PATRICK CAROLAN MD
TRUSTEE1.00Yes (X)$0$0$0
PATRICK MAGGITTI PHD
TRUSTEE1.00Yes (X)$0$0$0
RANDY SALVATORE
TRUSTEE1.00Yes (X)$0$0$0
SUSAN DAVIS RN EDD FACHE
SECRETARY1.00Yes (X)$0$0$0Yes (X)
SUZANNE GRECO
TRUSTEE1.00Yes (X)$0$0$0
THOMAS SCRIVO
TRUSTEE1.00Yes (X)$0$0$0
WILLIAM MITCHELL
TRUSTEE1.00Yes (X)$0$0$0
MICHAEL LAROBINA ESQ
GENERAL COUNSEL35.00$343,388$0$38,614Yes (X)
PETER WARD
SR. VICE PRESIDENT FOR FINANCE35.00$187,150$0$54,890Yes (X)
PHILIP MCCABE
SR. VP FOR FINANCE35.00$359,095$0$41,234Yes (X)
ROBIN CAUTIN
ACTING PROVOST & VP FOR AC35.00$403,221$0$70,863Yes (X)
JAMES BARQUINERO
SR. VICE PRESIDENT35.00$428,185$0$58,809Yes (X)
MICHAEL IANNAZZI
VICE PRESIDENT35.00$336,803$0$74,389Yes (X)
PAUL SUTERA
SR VICE PRESIDENT FOR UNIVERSITY ADVANCEMENT35.00$399,476$0$31,171Yes (X)
ROBERT M HARDY
VICE PRESIDENT35.00$366,765$0$28,554Yes (X)
DOMENICK PINTO
ASSOCIATE PROFESSOR35.00$240,979$0$39,948Yes (X)
MARC IZZO
VP OF CONSTRUCTION AND FACILITIES35.00$245,483$0$26,699Yes (X)
MARTHA CRAWFORD
DEAN35.00$204,000$0$0Yes (X)
MAURA IVERSEN
DEAN35.00$306,833$0$31,321Yes (X)
SHIRLEY CANNAN
VP OF INFO TECHNOLOGY35.00$284,522$0$30,054Yes (X)
RUPENDRA PALIWAL
PROVOST & VP FOR ACADEMIC35.00$271,470$0$9,863Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$5,649,974TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$655,488TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K323IndivRcvdGreaterThan100KCnt
Former Ofcr Employees ListedYes (1)FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (1)TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (5 entries)

Address Line1ContractorAddress/USAddress/AddressLine1TxtCityContractorAddress/USAddress/CityNmState AbbreviationContractorAddress/USAddress/StateAbbreviationCdZIPContractorAddress/USAddress/ZIPCdServicesServicesDescCompensationCompensationAmt
CHARTWELL'S HIGHER EDUCATION CO BOA
PO BOX 91337CHICAGOIL606931853FOOD SERVICES$18,985,420
SOUTHEAST SERVICE CORPORATION
2400 YORKMONT ROADCHARLOTTENC28217JANITORIAL SERVICES$5,972,086
WILEY EDU LLC
851 TRAFALGAR COURT SUITE 420ORLANDOFL32751ONLINE EDUCATION SERVICES$5,460,331
THE S-L-A-M COLLABORATIVE INC
80 GLASTONBURY BLVDGLASTONBURYCT06033ARCHITECTURAL SERVICES$2,870,028
DATTCO INC
583 SOUTH STNEW BRITAINCT06051TRANSPORTATION SERVICES$2,152,599
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K103CntrctRcvdGreaterThan100KCnt
Fundraising$1,362,502FundraisingAmt
Government Grants$8,956,724GovernmentGrantsAmt
All Other Contributions$13,508,212AllOtherContributionsAmt
Noncash Contributions$117,625NoncashContributionsAmt
Total Contributions$23,827,438TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (4 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmtUnrelated Business RevenueUnrelatedBusinessRevenueAmt
TUITION AND FEES611310$395,297,628$395,297,628
AUXILIARY ACTIVITIES611310$70,242,463$63,276,011$6,966,452
OTHER INCOME900099$3,473,291$3,337,851$135,440
PITT CENTER&ATHLETICS611620$2,684,879$2,684,879
FieldValueIRS element (for citing)
Total Program Service Revenue$471,698,261TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$14,430,976TotalRevenueColumnAmt
Unrelated Business Revenue$5,690UnrelatedBusinessRevenueAmt
Exclusion$14,425,286ExclusionAmt

Gross Rents GrossRentsGrp

FieldValueIRS element (for citing)
Real$380,577RealAmt

Less Rental Expenses LessRentalExpensesGrp

FieldValueIRS element (for citing)
Real$198,093RealAmt

Rental Income Or Loss RentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Real$182,484RealAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column$182,484TotalRevenueColumnAmt
Exclusion$182,484ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$54,459,906SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$55,386,000SecuritiesAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities-$926,094SecuritiesAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column-$926,094TotalRevenueColumnAmt
Exclusion-$926,094ExclusionAmt
FieldValueIRS element (for citing)
Fundraising Gross Income$286,998FundraisingGrossIncomeAmt
Contri Rpt Fundraising Event$1,362,502ContriRptFundraisingEventAmt
Fundraising Direct Expenses$459,111FundraisingDirectExpensesAmt

Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp

FieldValueIRS element (for citing)
Total Revenue Column-$172,113TotalRevenueColumnAmt
Exclusion-$172,113ExclusionAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$509,040,952TotalRevenueColumnAmt
Related Or Exempt Func Income$464,596,369RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$7,107,582UnrelatedBusinessRevenueAmt
Exclusion$13,509,563ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$9,600TotalAmt
Program Services$9,600ProgramServicesAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$124,359,638TotalAmt
Program Services$124,359,638ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$4,518,600TotalAmt
Program Services$977,508ProgramServicesAmt
Management And General$3,541,092ManagementAndGeneralAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$111,185,231TotalAmt
Program Services$97,179,355ProgramServicesAmt
Management And General$11,345,464ManagementAndGeneralAmt
Fundraising$2,660,412FundraisingAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$5,558,848TotalAmt
Program Services$4,870,306ProgramServicesAmt
Management And General$544,003ManagementAndGeneralAmt
Fundraising$144,539FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$19,935,606TotalAmt
Program Services$16,904,909ProgramServicesAmt
Management And General$2,593,026ManagementAndGeneralAmt
Fundraising$437,671FundraisingAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$7,340,806TotalAmt
Program Services$6,328,217ProgramServicesAmt
Management And General$827,301ManagementAndGeneralAmt
Fundraising$185,288FundraisingAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$494,786TotalAmt
Management And General$494,786ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$450,070TotalAmt
Program Services$55,514ProgramServicesAmt
Management And General$394,556ManagementAndGeneralAmt

Fees For Services Prof Fundraising FeesForServicesProfFundraising

FieldValueIRS element (for citing)
Total$522,502TotalAmt
Fundraising$522,502FundraisingAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

FieldValueIRS element (for citing)
Total$629,967TotalAmt
Management And General$629,967ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$31,329,147TotalAmt
Program Services$28,435,032ProgramServicesAmt
Management And General$2,727,605ManagementAndGeneralAmt
Fundraising$166,510FundraisingAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$1,872,522TotalAmt
Program Services$666,513ProgramServicesAmt
Management And General$1,202,068ManagementAndGeneralAmt
Fundraising$3,941FundraisingAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$8,474,780TotalAmt
Program Services$6,321,348ProgramServicesAmt
Management And General$1,935,620ManagementAndGeneralAmt
Fundraising$217,812FundraisingAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$4,250,393TotalAmt
Program Services$2,136,203ProgramServicesAmt
Management And General$2,018,508ManagementAndGeneralAmt
Fundraising$95,682FundraisingAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$12,691,729TotalAmt
Program Services$11,388,043ProgramServicesAmt
Management And General$1,240,007ManagementAndGeneralAmt
Fundraising$63,679FundraisingAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$11,031,119TotalAmt
Program Services$10,353,989ProgramServicesAmt
Management And General$641,095ManagementAndGeneralAmt
Fundraising$36,035FundraisingAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$505,687TotalAmt
Program Services$387,352ProgramServicesAmt
Management And General$117,160ManagementAndGeneralAmt
Fundraising$1,175FundraisingAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$13,469,767TotalAmt
Program Services$12,481,403ProgramServicesAmt
Management And General$988,364ManagementAndGeneralAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$24,159,375TotalAmt
Program Services$21,449,342ProgramServicesAmt
Management And General$2,710,033ManagementAndGeneralAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$2,585,070TotalAmt
Program Services$562,360ProgramServicesAmt
Management And General$2,022,710ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmtFundraisingFundraisingAmt
CONTRACT SERVICES$19,931,801$18,238,100$1,693,701
MINOR EQUIPMENT, FURNIT$6,637,344$5,872,115$750,271$14,958
REPAIRS AND MAINTENANCE$5,094,451$4,491,279$565,870$37,302
CARES ACT ASSISTANCE$2,276,116$2,276,116

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$5,308,157TotalAmt
Program Services$4,201,411ProgramServicesAmt
Management And General$1,082,547ManagementAndGeneralAmt
Fundraising$24,199FundraisingAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$424,623,112TotalAmt
Program Services$379,945,653ProgramServicesAmt
Management And General$40,065,754ManagementAndGeneralAmt
Fundraising$4,611,705FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$141,336,327BOYAmt
EOY$137,896,900EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$8,052,568BOYAmt
EOY$8,200,597EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$658,823BOYAmt
EOY$610,272EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$5,911,580BOYAmt
EOY$6,458,215EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$1,096,391,477LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$301,710,107LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$717,226,964BOYAmt
EOY$794,681,370EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$191,147,580BOYAmt
EOY$241,898,602EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

FieldValueIRS element (for citing)
BOY$49,741,761BOYAmt
EOY$49,631,345EOYAmt

Intangible Assets IntangibleAssetsGrp

FieldValueIRS element (for citing)
BOY$21,947,683BOYAmt
EOY$23,430,317EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$131,104,466BOYAmt
EOY$93,396,120EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$1,267,127,752BOYAmt
EOY$1,356,203,738EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$65,197,805BOYAmt
EOY$62,939,046EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$56,351,731BOYAmt
EOY$57,532,078EOYAmt

Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$439,013,265BOYAmt
EOY$428,023,075EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$40,696,787BOYAmt
EOY$40,088,034EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$601,259,588BOYAmt
EOY$588,582,233EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$608,334,737BOYAmt
EOY$706,504,591EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$57,533,427BOYAmt
EOY$61,116,914EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$665,868,164BOYAmt
EOY$767,621,505EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$1,267,127,752BOYAmt
EOY$1,356,203,738EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part XIYes (X)InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss$84,417,840ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst$15,843,947NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets$1,491,554OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Consolidated Basis Fincl StmtYes (X)ConsolidatedBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit RequiredYes (1)FederalGrantAuditRequiredInd
Federal Grant Audit PerformedYes (1)FederalGrantAuditPerformedInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
SchoolYes (X)SchoolInd

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$15,132,649CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$17,624,249CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$24,155,650CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$38,218,815CurrentTaxYearMinus1YearAmt
Current Tax Year$23,827,436CurrentTaxYearAmt
Total$118,958,799TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$15,132,649CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$17,624,249CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$24,155,650CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$38,218,815CurrentTaxYearMinus1YearAmt
Current Tax Year$23,827,436CurrentTaxYearAmt
Total$118,958,799TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$2,819,932SubstantialContributorsTotAmt
Public Support Total170$116,138,867PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$5,595,161CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$5,525,695CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$4,867,270CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$9,250,622CurrentTaxYearMinus1YearAmt
Current Tax Year$14,805,863CurrentTaxYearAmt
Total$40,044,611TotalAmt

Unrelated Business Net Incm170 UnrelatedBusinessNetIncm170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$0CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$0CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$0CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$0CurrentTaxYearMinus1YearAmt
Current Tax Year$0CurrentTaxYearAmt
FieldValueIRS element (for citing)
Total Support$159,003,410TotalSupportAmt
Gross Receipts Rltd Activities$1,951,666,906GrossReceiptsRltdActivitiesAmt
Public Support CY1700.73040PublicSupportCY170Pct
Public Support PY1700.66570PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule C IRS990ScheduleC

FieldValueIRS element (for citing)
Volunteers0VolunteersInd
Paid Staff Or Management0PaidStaffOrManagementInd
Media Advertisements0MediaAdvertisementsInd
Mailings Members0MailingsMembersInd
Publications Or Broadcast0PublicationsOrBroadcastInd
Grants Other Organizations0GrantsOtherOrganizationsInd
Direct Contact Legislators0DirectContactLegislatorsInd
Rallies Demonstrations0RalliesDemonstrationsInd
Other ActivitiesYes (1)OtherActivitiesInd
Total Lobbying Expenditures$0TotalLobbyingExpendituresAmt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART II-B, LINE 1:FormAndLineReferenceDesc
ExplanationSACRED HEART UNIVERSITY DOES NOT EMPLOY LOBBYISTS AS DEFINED BY STATE STATUTE AS PART OF ITS PAID STAFF OR MANAGEMENT, BUT SOME EMPLOYEES DO INTERACT WITH GOVERNMENT OFFICIALS AND AGENCIES FOR PURPOSES OTHER THAN INFLUENCING LEGISLATION OR PUBLIC OPINION ON LEGISLATIVE MATTERS OR REFERENDA. OCCASIONALLY THIS INCLUDES TESTIFYING BEFORE LEGISLATIVE COMMITTEES ON MATTER RELEVANT TO HIGHER EDUCATION IN THE STATE OF CONNECTICUT. IN ADDITION, SACRED HEART UNIVERSITY PAYS MEMBERSHIP DUES TO NACUBO AND CCIC A PORTION OF THE DUES SUPPORTED A NUMBER OF ADVOCACY EFFORTS.ExplanationTxt

Schedule D IRS990ScheduleD

Art Public Exhibition Amounts ArtPublicExhibitionAmountsGrp

FieldValueIRS element (for citing)
Assets Included$1,611,671AssetsIncludedAmt
FieldValueIRS element (for citing)
Collection Used Pub ExhibitionYes (X)CollectionUsedPubExhibitionInd
Solicited Assets Sale0SolicitedAssetsSaleInd

CY Endwmt Fund CYEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$240,059,029BeginningYearBalanceAmt
Contributions$10,533,330ContributionsAmt
Investment Earnings Or Losses$20,343,977InvestmentEarningsOrLossesAmt
Other Expenditures$1,490,039OtherExpendituresAmt
End Year Balance$269,446,297EndYearBalanceAmt

CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$247,117,996BeginningYearBalanceAmt
Contributions$12,157,924ContributionsAmt
Investment Earnings Or Losses-$18,106,647InvestmentEarningsOrLossesAmt
Other Expenditures$1,110,244OtherExpendituresAmt
End Year Balance$240,059,029EndYearBalanceAmt

CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$191,568,286BeginningYearBalanceAmt
Contributions$8,816,292ContributionsAmt
Investment Earnings Or Losses$47,746,818InvestmentEarningsOrLossesAmt
Other Expenditures$1,013,400OtherExpendituresAmt
End Year Balance$247,117,996EndYearBalanceAmt

CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$178,215,437BeginningYearBalanceAmt
Contributions$12,638,158ContributionsAmt
Investment Earnings Or Losses$5,611,837InvestmentEarningsOrLossesAmt
Other Expenditures$4,897,146OtherExpendituresAmt
End Year Balance$191,568,286EndYearBalanceAmt

CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$167,593,741BeginningYearBalanceAmt
Contributions$8,678,077ContributionsAmt
Investment Earnings Or Losses$8,196,400InvestmentEarningsOrLossesAmt
Other Expenditures$6,252,781OtherExpendituresAmt
End Year Balance$178,215,437EndYearBalanceAmt
FieldValueIRS element (for citing)
Board Designated Balance EOY0.83480BoardDesignatedBalanceEOYPct
Prmnnt Endowment Balance EOY0.10850PrmnntEndowmentBalanceEOYPct
Term Endowment Balance EOY0.05670TermEndowmentBalanceEOYPct
Endowments Held Unrelated Org0EndowmentsHeldUnrelatedOrgInd
Endowments Held Related Org0EndowmentsHeldRelatedOrgInd

Land LandGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$69,857,225OtherCostOrOtherBasisAmt
Book Value$69,857,225BookValueAmt

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$731,904,098OtherCostOrOtherBasisAmt
Depreciation$150,377,071DepreciationAmt
Book Value$581,527,027BookValueAmt

Leasehold Improvements LeaseholdImprovementsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$92,897,007OtherCostOrOtherBasisAmt
Depreciation$52,360,102DepreciationAmt
Book Value$40,536,905BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$89,662,202OtherCostOrOtherBasisAmt
Depreciation$72,697,287DepreciationAmt
Book Value$16,964,915BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$112,070,945OtherCostOrOtherBasisAmt
Depreciation$26,275,647DepreciationAmt
Book Value$85,795,298BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$794,681,370TotalBookValueLandBuildingsAmt

Other Assets Org OtherAssetsOrgGrp (3 entries)

DescDescBook ValueBookValueAmt
INTEREST IN SPLIT-INTEREST AGREEMENTS$124,103
FUNDS HELD BY BOND TRUSTEE$89,953,350
OTHER ASSETS$3,318,667
FieldValueIRS element (for citing)
Total Book Value Other Assets$93,396,120TotalBookValueOtherAssetsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (3 entries)

DescDescAmtAmt
GOVERNMENT GRANTS REFUNDABLE - STUDENT LOANS$41,693
TAXABLE BONDS$15,925,000
LEASE LIABILITY$24,121,341
FieldValueIRS element (for citing)
Total Liability$40,088,034TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$402,056,601TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst$15,843,947NetUnrealizedGainsInvstAmt
Donated Services And Use Fclts$12,550DonatedServicesAndUseFcltsAmt
Other Revenue-$122,868,085OtherRevenueAmt
Revenue Not Reported-$107,011,588RevenueNotReportedAmt
Revenue Subtotal$509,068,189RevenueSubtotalAmt
Investment Expenses Not Incld$629,967InvestmentExpensesNotIncldAmt
Other Revenues Not Included-$657,204OtherRevenuesNotIncludedAmt
Revenue Not Reported Fincl Stmt-$27,237RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$509,040,952TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$300,303,260TotExpnsEtcAuditedFinclStmtAmt
Donated Services Use Fclts$12,550DonatedServicesUseFcltsAmt
Other Expenses Included$657,204OtherExpensesIncludedAmt
Expenses Not Reported$669,754ExpensesNotReportedAmt
Expenses Subtotal$299,633,506ExpensesSubtotalAmt
Investment Expenses Not Incld2$629,967InvestmentExpensesNotIncld2Amt
Other Expenses Not Included$124,359,639OtherExpensesNotIncludedAmt
Expenses Not Rpt Fincl Stmt$124,989,606ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$424,623,112TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (7 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART III, LINE 4:WORKS OF ART ARE CONTRIBUTED TO THE UNIVERSITY FROM VARIOUS DONORS OR PURCHASED FOR PUBLIC EXHIBITION. THE SCHOOL DISPLAYS THEM IN VARIOUS LOCATIONS ACROSS THE UNIVERSITY FOR PUBLIC VIEWING.
PART V, LINE 4:THE UNIVERSITY USES THE FUNDS FOR STUDENT SCHOLARSHIPS, TO PROVIDE EDUCATIONAL AND SUPPORT SERVICES TO MAINTAIN AND EXPAND THE UNIVERSITY CAPITAL INFRASTRUCTURE IN ORDER TO MAINTAIN THE UNIVERSITY'S FINANCIAL STABILITY.
PART X, LINE 2:THE UNIVERSITY IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(A), AS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, AS AMENDED. ACCORDINGLY, IT IS NOT SUBJECT TO INCOME TAXES EXCEPT TO THE EXTENT IT HAS TAXABLE INCOME FROM ACTIVITIES THAT ARE NOT RELATED TO ITS EXEMPT PURPOSE. THE UNIVERSITY RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT OF BEING SUSTAINED. NO PROVISION FOR INCOME TAXES WAS REQUIRED FOR FISCAL 2023 OR 2022.
PART XI, LINE 2D - OTHER ADJUSTMENTS:INSTITUTIONAL AID -124,359,639. CHANGE IN VALUE OF INTEREST RATE SWAPS 1,491,554.
PART XI, LINE 4B - OTHER ADJUSTMENTS:RENTAL EXPENSES -198,093. FUNDRAISING EXPENSES -459,111.
PART XII, LINE 2D - OTHER ADJUSTMENTS:RENTAL EXPENSES 198,093. FUNDRAISING EXPENSES 459,111.
PART XII, LINE 4B - OTHER ADJUSTMENTS:INSTITUTIONAL AID 124,359,639.

Schedule E IRS990ScheduleE

FieldValueIRS element (for citing)
Nondiscriminatory Policy StmtYes (1)NondiscriminatoryPolicyStmtInd
Policy Stmt In Brochures EtcYes (1)PolicyStmtInBrochuresEtcInd
Plcy Pblczd Via Broadcast MediaYes (1)PlcyPblczdViaBroadcastMediaInd
Maintain Racial Comp RecsYes (1)MaintainRacialCompRecsInd
Maintain Scholarships RecsYes (1)MaintainScholarshipsRecsInd
Maintain Cpy Of Brochures EtcYes (1)MaintainCpyOfBrochuresEtcInd
Maintain Cpy Of All SolYes (1)MaintainCpyOfAllSolInd
Discriminate Race Stdnts Rghts0DiscriminateRaceStdntsRghtsInd
Discriminate Race Admiss Plcy0DiscriminateRaceAdmissPlcyInd
Discriminate Race Emplm Fculty0DiscriminateRaceEmplmFcultyInd
Discriminate Race Schs0DiscriminateRaceSchsInd
Discriminate Race Educ Plcy0DiscriminateRaceEducPlcyInd
Discriminate Race Use Of Fclts0DiscriminateRaceUseOfFcltsInd
Discriminate Race Athlt Prog0DiscriminateRaceAthltProgInd
Discriminate Race Other Acty0DiscriminateRaceOtherActyInd
Government Financial Aid RcvdYes (1)GovernmentFinancialAidRcvdInd
Government Financial Aid Rvkd0GovernmentFinancialAidRvkdInd
Compliance With Rev Proc7550Yes (1)ComplianceWithRevProc7550Ind

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
SCHEDULE E, PART I, LINE 3SACRED HEART UNIVERSITY'S POLICY WHICH PROHIBITS DISCRIMINATION AGAINST PERSONS BECAUSE OF RACE, GENDER, SEXUAL ORIENTATION, PREGNANCY, COLOR, MARITAL STATUS, VETERAN STATUS, RELIGION, AGE, DISABILITY, HANDICAP, NATIONAL ORIGIN OR ANCESTRY IN ITS EMPLOYMENT POLICIES AND ITS EDUCATION AND ADMISSIONS PROGRAMS IS AVAILABLE ONLINE, IN ITS ACADEMIC CATALOG, AND WITHIN ITS STUDENT HANDBOOK.
SCHEDULE E, PART I, LINE 6SACRED HEART UNIVERSITY RECEIVES FUNDS FROM THE US DEPARTMENT OF EDUCATION. THE PROGRAM FUNDS THAT THE UNIVERSITY ADMINISTERS ARE FEDERAL PELL GRANT, FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANT (FSEOG) AND FEDERAL WORK-STUDY (FWS), WHICH ARE TITLE IV STUDENT AID PROGRAMS. THE UNIVERSITY ALSO RECEIVES FUNDS AND PROCESSES ACCORDING TO THE CRITERIA OF STATE GOVERNMENT AGENCIES. PRIMARY FUNDING IS FROM THE STATE OF CONNECTICUT OFFICE OF HIGHER EDUCATION. OTHER STATES THAT PROVIDE ASSISTANCE TO STATE RESIDENTS ATTENDING AN OUT OF STATE INSTITUTION ARE PROCESSED AS WE RECEIVE NOTIFICATION OF ENROLLED ELIGIBLE STUDENTS.

Schedule F IRS990ScheduleF

Account Activities Outside US AccountActivitiesOutsideUSGrp (4 entries)

RegionRegionTxtOfficesOfficesCntEmployeeEmployeeCntType Of Activities ConductedTypeOfActivitiesConductedTxtSpecific Services ProvidedSpecificServicesProvidedTxtRegion Total ExpendituresRegionTotalExpendituresAmt
EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM223PROGRAM SERVICESEDUCATIONAL$2,375,542
CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS,00PROGRAM SERVICES/MISSION RELATED TRIPSEDUCATIONAL$22,500
CENTRAL AMERICA AND THE CARIBBEAN00INVESTMENTS$34,747,253
EUROPE (INCLUDING ICELAND & GREENLAND)00INVESTMENTS$10,322,109
FieldValueIRS element (for citing)
Subtotal Offices2SubtotalOfficesCnt
Subtotal Employees23SubtotalEmployeesCnt
Continuation Total Office0ContinuationTotalOfficeCnt
Continuation Total Employee0ContinuationTotalEmployeeCnt
Total Office2TotalOfficeCnt
Total Employee23TotalEmployeeCnt
Subtotal Spent$47,467,404SubtotalSpentAmt
Continuation Spent$0ContinuationSpentAmt
Total Spent$47,467,404TotalSpentAmt
Transfer To Foreign CorpYes (1)TransferToForeignCorpInd
Interest In Foreign Trust0InterestInForeignTrustInd
Foreign Corp OwnershipYes (1)ForeignCorpOwnershipInd
Passive Foreign Investmest CoYes (1)PassiveForeignInvestmestCoInd
Foreign PartnershipYes (1)ForeignPartnershipInd
Boycott CountriesYes (1)BoycottCountriesInd

Supplemental Information Detail SupplementalInformationDetail (4 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART I, LINE 3:EXPENDITURES ARE ACCOUNTED FOR USING THE ACCRUAL BASIS OF ACCOUNTING.
PART III, COL (C):IRELAND: SACRED HEART UNIVERSITY OFFERS STUDENTS THE OPPORTUNITY TO DELVE INTO IRISH CULTURE IN THE HEART OF THE IRISH-SPEAKING DINGLE GAELTACHT REGION. STUDENTS STUDY IN IRISH SURROUNDINGS AND LIVE THE IRISH EXPERIENCE THROUGH HANDS-ON SEMINARS LED BY ACCOMPLISHED SCHOLARS AND LOCAL EXPERTS. WHAT DEVELOPS IS A PROFOUND UNDERSTANDING OF CELTIC CULTURE, AS WELL AS A GREATER APPRECIATION OF DIVERSE SOCIETIES. SACRED HEART UNIVERSITY OFFERS A VARIETY OF STUDY ABROAD OPPORTUNITIES AROUND THE WORLD FOR SACRED HEART AND VISITING STUDENTS - WITH PROGRAMMING THAT SUPPORTS A BROAD RANGE OF EDUCATIONAL, PROFESSIONAL, AND PERSONAL OBJECTIVES. THE UNIVERSITY OFFERS FACULTY-LED PROGRAMS IN VARIOUS COUNTRIES EACH YEAR. ON THESE PROGRAMS STUDENTS DEVELOP THE HABITS OF MIND, HEART, AND SPIRIT THAT WILL PREPARE THEM TO ENGAGE PURPOSEFULLY IN A GLOBAL WORLD. COURSES COMPLETED ON A SACRED HEART STUDY ABROAD PROGRAM MAY FULFILL GENERAL EDUCATION, ELECTIVE, OR MAJOR/MINOR CREDITS, ENABLING STUDENTS, REGARDLESS OF ACADEMIC PLAN, TO STUDY ABROAD AND GRADUATE ACCORDING TO THEIR INDIVIDUAL SCHEDULES. ADDITIONAL OPPORTUNITIES ARE ALSO AVAILABLE FOR CLINICAL CREDIT OR EXPERIENTIAL LEARNING. SACRED HEART UNIVERSITY SUPPORTS STUDY ABROAD PROGRAMMING BY IDENTIFYING, DEVELOPING, NURTURING, AND MAINTAINING A DIVERSE SET OF INTERNATIONAL PROGRAMS WITH A COMMITMENT TO QUALITY, SAFETY, AFFORDABILITY AND ACCESSIBILITY.
PART III ACCOUNTING METHOD:
SCHEDULE F, PART I, LINE 3 (D)INVESTMENTS INCLUDED IN THIS SECTION RELATE TO INVESTMENT HOLDINGS INCLUDED IN THE UNIVERSITY'S ENDOWMENT PORTFOLIO.

Schedule G IRS990ScheduleG

FieldValueIRS element (for citing)
Mail SolicitationsYes (X)MailSolicitationsInd
Email SolicitationsYes (X)EmailSolicitationsInd
Phone SolicitationsYes (X)PhoneSolicitationsInd
In Person SolicitationsYes (X)InPersonSolicitationsInd
Solicitation Of Non Govt GrantsYes (X)SolicitationOfNonGovtGrantsInd
Solicitation Of Govt GrantsYes (X)SolicitationOfGovtGrantsInd
Special Fundraising EventsYes (X)SpecialFundraisingEventsInd
Agrmt Prof Fundraising ActyYes (1)AgrmtProfFundraisingActyInd

Fundraiser Activity Info FundraiserActivityInfoGrp (8 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdActivityActivityTxtFundraiser Control Of FundsFundraiserControlOfFundsIndGross ReceiptsGrossReceiptsAmtRetained By ContractorRetainedByContractorAmtNet To OrganizationNetToOrganizationAmt
SNAVELY ASSOCIATES
112 W FOSTER AVE 401STATE COLLEGEPA16801FUNDRAISING CONSULTING0$0$33,679$0
LKA FUNDRAISING & COMMNICATIONS INC
4800 SW MACADAM AVE STE 240PORTLANDOR97239FUNDRAISING CONSULTING0$0$57,760$0
THE STELTER COMPANY
10435 NY AVENUEDES MOINESIA50322FUNDRAISING CONSULTING0$0$19,891$0
CATHY M IVES
23 RIPLEY CTELLOREESC29047FUNDRAISING CONSULTING0$0$8,400$0
MCALLISTER & QUINN LLC
1030 15TH ST NW STE 590 WESTWASHINGTONDC20005FUNDRAISING CONSULTING0$0$121,200$0
PREMIER SPORTS ADVISORS LLC
76 SZOST DRIVEFAIRFIELDCT06824FUNDRAISING CONSULTING0$0$80,000$0
EAB GLOBAL INC
2445 M STREET NWWASHINGTONDC20037FUNDRAISING CONSULTING0$0$143,822$0
SNYDER GROUP INC
5 RIVER RD SUITE 318WILTONCT06897FUNDRAISING CONSULTING0$0$57,750$0
FieldValueIRS element (for citing)
Total Retained By Contractors$522,502TotalRetainedByContractorsAmt
Licensed StatesCTLicensedStatesCd
Licensed StatesCALicensedStatesCd
Licensed StatesINLicensedStatesCd
Licensed StatesKSLicensedStatesCd
Licensed StatesKYLicensedStatesCd
Licensed StatesNCLicensedStatesCd
Licensed StatesNJLicensedStatesCd
Licensed StatesNYLicensedStatesCd
Licensed StatesORLicensedStatesCd

Fundraising Event Information FundraisingEventInformationGrp

FieldValueIRS element (for citing)
Event1SHU PARENT CLASSICEvent1Nm
Gross Receipts Event1$432,900GrossReceiptsEvent1Amt
Charitable Contri Event1$380,900CharitableContriEvent1Amt
Gross Revenue Event1$52,000GrossRevenueEvent1Amt
Non Cash Prizes Event1$825NonCashPrizesEvent1Amt
Rent Facility Costs Event1$10,881RentFacilityCostsEvent1Amt
Food And Beverage Event1$785FoodAndBeverageEvent1Amt
Other Direct Expenses Event1$22,273OtherDirectExpensesEvent1Amt
Event2SHU INVITATIONALEvent2Nm
Gross Receipts Event2$428,227GrossReceiptsEvent2Amt
Charitable Contri Event2$340,781CharitableContriEvent2Amt
Gross Revenue Event2$87,446GrossRevenueEvent2Amt
Rent Facility Costs Event2$6,844RentFacilityCostsEvent2Amt
Food And Beverage Event2$51,809FoodAndBeverageEvent2Amt
Entertainment Event2$300EntertainmentEvent2Amt
Other Direct Expenses Event2$112,239OtherDirectExpensesEvent2Amt
Other Events Total7OtherEventsTotalCnt
Gross Receipts Other Events$788,373GrossReceiptsOtherEventsAmt
Charitable Contri Other Events$640,821CharitableContriOtherEventsAmt
Gross Revenue Other Events$147,552GrossRevenueOtherEventsAmt
Cash Prizes Other Events$1,342CashPrizesOtherEventsAmt
Non Cash Prizes Other Events$16,090NonCashPrizesOtherEventsAmt
Rent Fclty Costs Other Events$2,800RentFcltyCostsOtherEventsAmt
Food And Beverage Other Events$159,633FoodAndBeverageOtherEventsAmt
Entertainment Other Events$3,475EntertainmentOtherEventsAmt
Oth Direct Expnss Other Events$69,815OthDirectExpnssOtherEventsAmt
Gross Receipts Total$1,649,500GrossReceiptsTotalAmt
Charitable Contributions Tot$1,362,502CharitableContributionsTotAmt
Gross Revenue Total Events$286,998GrossRevenueTotalEventsAmt
Cash Prizes Total Events$1,342CashPrizesTotalEventsAmt
Non Cash Prizes Total Events$16,915NonCashPrizesTotalEventsAmt
Rent Fclty Costs Total Events$20,525RentFcltyCostsTotalEventsAmt
Food And Beverage Total Events$212,227FoodAndBeverageTotalEventsAmt
Entertainment Total Events$3,775EntertainmentTotalEventsAmt
Oth Direct Expnss Total Events$204,327OthDirectExpnssTotalEventsAmt
Direct Expense Summary Events$459,111DirectExpenseSummaryEventsAmt
Net Income Summary-$172,113NetIncomeSummaryAmt

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedYes (1)GrantRecordsMaintainedInd

Recipient Table RecipientTable

Recipient Business Name RecipientBusinessName

FieldValueIRS element (for citing)
Business Name Line1ORDER OF MALTA - AMERICAN ASSOCIATIONBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line11011 FIRST AVENUE RM 1350AddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10022ZIPCd
FieldValueIRS element (for citing)
Recipient EIN237095245RecipientEIN
IRC Section501(C)(3)IRCSectionDesc
Cash Grant$9,600CashGrantAmt
Non Cash Assistance$0NonCashAssistanceAmt
Purpose Of GrantDONATIONPurposeOfGrantTxt
FieldValueIRS element (for citing)
Total501c3 Org1Total501c3OrgCnt

Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp (4 entries)

Grant TypeGrantTypeTxtRecipientRecipientCntNon Cash AssistanceNonCashAssistanceAmtValuation Method UsedValuationMethodUsedDescNon Cash AssistanceNonCashAssistanceDesc
FEDERAL AID654$541,760FMVSTUDENT GRANTS
STATE AID10$30,000FMVSTUDENT GRANTS
RESIDENCE HALL ASSISTANT WAIVERS AND AWARDS569$2,062,693FMVFINANCIAL ASSISTANCE
OTHER SCHOLARSHIPS WHICH ARE NEEDS-BASED OR BASED ON ATHLETIC OR ACADEMIC TALENTS5584$121,725,186FMVACADEMIC ACHIEVEMENT/NEED BASED FINANCIAL ASSISTANCE

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART I, LINE 2:FormAndLineReferenceDesc
ExplanationTHE THREE AREAS OF FINANCIAL ASSISTANCE TO STUDENTS ARE LOANS, GRANTS AND EMPLOYMENT (WORK-STUDY). THESE ARE GENERALLY AWARDED ON THE BASIS OF ON THE BASIS OF FINANCIAL NEED, DETERMINED BY AN ANALYSIS OF FAMILY INCOME AND ASSETS. SCHOLARSHIPS ARE ANOTHER SOURCE OF FINANCIAL ASSISTANCE. THEY ARE AWARDED ON THE BASIS OF ACADEMIC ACHIEVEMENT, EXCELLENCE IN ATHLETICS OR SPECIAL TALENTS, AND COMMUNITY SERVICE OR LEADERSHIP. CRITERIA FOR SOME MERIT BASED AWARDS ALSO INCLUDE A FINANCIAL NEEDS REQUIREMENT. CURRENTLY, THOSE STUDENTS WHO DEMONSTRATE THE GREATEST FINANCIAL NEED RECEIVE THE MOST FINANCIAL ASSISTANCE. THE UNIVERSITY MONITORS THE AMOUNTS ISSUED BY PERFORMING A COST OF ATTENDANCE CALCULATION. ONCE THE AMOUNT HAS BEEN DETERMINED FOR THE INDIVIDUAL, IT IS THEN DISBURSED TO THE STUDENT'S ACCOUNT AND IS CONTROLLED BY THE BURSAR'S OFFICE.ExplanationTxt

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Housing Allowance Or ResidenceYes (X)HousingAllowanceOrResidenceInd
Written Policy Ref T And E ExpnssYes (1)WrittenPolicyRefTAndEExpnssInd
Substantiation RequiredYes (1)SubstantiationRequiredInd
Compensation CommitteeYes (X)CompensationCommitteeInd
Form990 Of Other OrganizationsYes (X)Form990OfOtherOrganizationsInd
Written Employment ContractYes (X)WrittenEmploymentContractInd
Compensation SurveyYes (X)CompensationSurveyInd
Board Or Committee ApprovalYes (X)BoardOrCommitteeApprovalInd
Severance PaymentYes (1)SeverancePaymentInd
Supplemental Nonqual Rtr Plan0SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm0EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng OrgYes (1)CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs0CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng OrgYes (1)CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs0CompBsdNetEarnsRltdOrgsInd
Any Non Fixed PaymentsYes (1)AnyNonFixedPaymentsInd
Initial Contract ExceptionYes (1)InitialContractExceptionInd
Rebuttable Presumption Proc0RebuttablePresumptionProcInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (15 entries)

TitleTitleTxtBase Compensation Filing OrgBaseCompensationFilingOrgAmtCompensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmtBonus Filing OrganizationBonusFilingOrganizationAmountBonus Related OrganizationsBonusRelatedOrganizationsAmtOther Compensation Filing OrgOtherCompensationFilingOrgAmtOther Compensation Rltd OrgsOtherCompensationRltdOrgsAmtDeferred Compensation Flng OrgDeferredCompensationFlngOrgAmtDeferred Comp Rltd OrgsDeferredCompRltdOrgsAmtNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmtNontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmtTotal Compensation Filing OrgTotalCompensationFilingOrgAmtTotal Compensation Rltd OrgsTotalCompensationRltdOrgsAmtComp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmtComp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
JOHN J PETILLO PHD
PRESIDENT$646,962$0$604,741$0$20,901$0$24,400$0$94,679$0$1,391,683$0$0$0
JAMES BARQUINERO
SR. VICE PRESIDENT$328,385$0$92,582$0$7,218$0$31,807$0$27,002$0$486,994$0$0$0
ROBIN CAUTIN
ACTING PROVOST & VP FOR AC$304,867$0$96,300$0$2,054$0$32,104$0$38,759$0$474,084$0$0$0
PAUL SUTERA
SR VICE PRESIDENT FOR UNIVERSITY ADV$313,604$0$84,633$0$1,239$0$31,171$0$0$0$430,647$0$0$0
MICHAEL IANNAZZI
VICE PRESIDENT$214,565$0$119,917$0$2,321$0$17,458$0$56,931$0$411,192$0$0$0
PHILIP MCCABE
SR. VP FOR FINANCE$244,319$0$108,816$0$5,960$0$23,982$0$17,252$0$400,329$0$0$0
ROBERT M HARDY
VICE PRESIDENT$257,122$0$106,079$0$3,564$0$27,054$0$1,500$0$395,319$0$0$0
MICHAEL LAROBINA ESQ
GENERAL COUNSEL$249,042$0$90,422$0$3,924$0$26,343$0$12,271$0$382,002$0$0$0
MAURA IVERSEN
DEAN$233,293$0$69,854$0$3,686$0$19,050$0$12,271$0$338,154$0$0$0
SHIRLEY CANNAN
VP OF INFO TECHNOLOGY$217,075$0$64,014$0$3,433$0$17,783$0$12,271$0$314,576$0$0$0
RUPENDRA PALIWAL
PROVOST & VP FOR ACADEMIC$123,291$0$0$0$148,179$0$9,863$0$0$0$281,333$0$0$0
DOMENICK PINTO
ASSOCIATE PROFESSOR$238,230$0$1,000$0$1,749$0$14,419$0$25,529$0$280,927$0$0$0
MARC IZZO
VP OF CONSTRUCTION AND FACILITIES$188,640$0$55,302$0$1,541$0$15,428$0$11,271$0$272,182$0$0$0
PETER WARD
SR. VICE PRESIDENT FOR FINANCE$185,838$0$0$0$1,312$0$15,745$0$39,145$0$242,040$0$0$0
MARTHA CRAWFORD
DEAN$204,000$0$0$0$0$0$0$0$0$0$204,000$0$0$0

Supplemental Information Detail SupplementalInformationDetail (7 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART I, LINE 1ATHE UNIVERSITY PROVIDES ON CAMPUS HOUSING TO ITS PRESIDENT FOR THE CONVENIENCE OF THE UNIVERSITY. THE ESTIMATED RENT IS INCLUDED AS A NON-TAXABLE BENEFIT IN PART II, COLUMN D.
PART I, LINE 3COMPENSATION FOR THE UNIVERSITY'S PRESIDENT/CEO IS DETERMINED THROUGH AN EXTENSIVE REVIEW OF THE JOB RESPONSIBILITIES AND EXPECTATIONS OUTLINED BY THE BOARD. THE COMPENSATION COMMITTEE THEN PERFORMS A REVIEW OF EXTERNAL MARKET AND INDUSTRY SURVEY AND STUDY DATA. CONSIDERATION OF ALL ADDITIONAL RESPONSIBILITIES ARE DETAILED OUT IN SPECIFIC LANGUAGE IN AN EMPLOYMENT CONTRACT APPROVED BY OUR LEGAL COUNSEL. FINAL SALARY RANGES ARE THEN DETERMINED BY THE COMPENSATION COMMITTEE. COMPENSATION IS DETERMINED BY THE EVALUATION OF THE JOB DESCRIPTION AGAINST EXTERNAL MARKET DATA AVAILABLE AS WELL AS THE REVIEW OF OUR INTERNAL EMPLOYEE DATA. CONSIDERATION OF ADDITIONAL RESPONSIBILITIES AND OTHER FACTORS MAY ALSO CONTRIBUTE IN DETERMINING COMPENSATION. THE DELIBERATION AND DECISION ARE CONTEMPORANEOUSLY DOCUMENTED.
PART I, LINE 4APROVOST & VICE PRESIDENT FOR ACADEMIC AFFAIRS RECEIVED A SEVERANCE PAYMENT.
PART I, LINE 5BONUSES ARE PAID TO SENIOR STAFF MEMBERS BASED IN PART ON ACHIEVING BUDGETED REVENUE GOALS.
PART I, LINE 6BONUSES ARE PAID TO SENIOR STAFF MEMBERS BASED IN PART ON ACHIEVING THE TRANSFER TO THE TRUSTEE RESERVES. SENIOR STAFF MEMBERS HAVE PERFORMANCE MEASURES FOR MANAGING THE UNIVERSITY TO MAINTAIN A BALANCED BUDGET.
PART I, LINE 7THERE ARE QUANTITATIVE MEASURES THAT ARE APPLIED IN DETERMINING BONUSES TO SENIOR STAFF MEMBERS. THE PRESIDENT AND THE BOARD HAVE DISCRETION TO ADJUST THE PAYMENTS FOR UNUSUAL CIRCUMSTANCES. IN ALL CASES, THESE PAYMENTS ARE REVIEWED WITH AND APPROVED BY THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES.
PART I, LINE 8THE FOLLOWING INDIVIDUAL LISTED ON FORM 990, PART VII RECEIVED COMPENSATION THAT WAS PAID PURSUANT TO AN INITIAL CONTRACT WITH THE UNIVERSITY: - ROBIN CAUTIN, ACTING PROVOST & VP FOR ACADEMIC - MARTHA CRAWFORD, DEAN - PHILIP MCCABE, SR. VICE PRESIDENT FOR FINANCE - PAUL SUTERA - SR. VICE PRESIDENT FOR UNIVERSITY ADVANCEMENT - SHIRLEY CANAAN - VICE PRESIDENT OF INFO TECHNOLOGY - PETER WARD - SR. VICE PRESIDENT FOR FINANCE

Schedule K IRS990ScheduleK

Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp (4 entries)

Bond ReferenceBondReferenceCdBond Issuer EINBondIssuerEINCUSIPCUSIPNumBond IssuedBondIssuedDtIssue PriceIssuePriceAmtPurposePurposeDescDefeasedDefeasedIndOn Behalf Of IssuerOnBehalfOfIssuerIndPool FinancingPoolFinancingInd
SACRED HEART UNIVERSITY - SERIES I-1
A06077664420774Y2C02017-11-22$157,271,506SEE PART VI000
SACRED HEART UNIVERSITY - SERIES J-1
B0607766442017-11-22$53,465,000SEE PART VI000
SACRED HEART UNIVERSITY - SERIES K
C06077664420775DJT02002-09-22$150,439,692SEE PART VI000
SACRED HEART UNIVERSITY - SERIES L
D06077664420775DTR32022-04-19$112,608,678SEE PART VI000

Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp (4 entries)

Bond ReferenceBondReferenceCdRetiredRetiredAmtTotal ProceedsTotalProceedsAmtIssuance Costs From ProceedsIssuanceCostsFromProceedsAmtCapital ExpendituresCapitalExpendituresAmtOther Spent ProceedsOtherSpentProceedsAmtSubstantial CompletionSubstantialCompletionYrRefunding Tax Exempt BondsRefundingTaxExemptBondsIndRefunding Taxable BondsRefundingTaxableBondsIndFinal Allocation MadeFinalAllocationMadeIndAdequate Books And Rec MaintAdequateBooksAndRecMaintIndUnspentUnspentAmt
A$17,675,000$157,271,506$1,035,765$50,463,737$105,772,0042019Yes (1)0Yes (1)Yes (1)
B$11,449,159$53,465,000$372,301$53,092,699Yes (1)0Yes (1)Yes (1)
C$5,320,000$150,439,692$992,749$149,446,943202100Yes (1)Yes (1)
D$112,608,678$856,786$45,936,069000Yes (1)$65,815,823

Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp (4 entries)

Bond ReferenceBondReferenceCdOwning Bond Financed PropertyOwningBondFinancedPropertyIndAny Lease ArrangementsAnyLeaseArrangementsIndMgmt Contract Bond Fincd PropMgmtContractBondFincdPropIndEngage Bond Counsel ContractsEngageBondCounselContractsIndAny Research AgreementsAnyResearchAgreementsIndPrivate Bus Use By OthersPrivateBusUseByOthersPctTotal Private Business UseTotalPrivateBusinessUsePctBond Iss Meet Prvt Sec Pymt TestBondIssMeetPrvtSecPymtTestIndChange In Use Bond Financed PropChangeInUseBondFinancedPropIndProcs Nonqualified Bond RemdtdProcsNonqualifiedBondRemdtdInd
A00Yes (1)Yes (1)00.004500.0045000Yes (1)
B00Yes (1)Yes (1)00.000100.0001000Yes (1)
C00Yes (1)Yes (1)00.000000.0000000Yes (1)
D00Yes (1)Yes (1)00.000000.0000000Yes (1)

Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp (4 entries)

Bond ReferenceBondReferenceCdForm8038 T FiledForm8038TFiledIndRebate Not Due YetRebateNotDueYetIndException To RebateExceptionToRebateIndNo Rebate DueNoRebateDueIndVariable Rate IssueVariableRateIssueIndHedge Identified In Bks And RecHedgeIdentifiedInBksAndRecIndGross Proceeds Invested In GICGrossProceedsInvestedInGICIndGross Proceeds InvestedGrossProceedsInvestedIndWritten Proc To Monitor ReqsWrittenProcToMonitorReqsIndTerm Of HedgeTermOfHedgePctSuperintegrated HedgeSuperintegratedHedgeIndHedge TerminatedHedgeTerminatedInd
(no name)
A000Yes (1)0000Yes (1)
M&T BANK
B000Yes (1)Yes (1)Yes (1)00Yes (1)19.600000000000Yes (1)0
(no name)
C000Yes (1)0000Yes (1)
(no name)
D000Yes (1)0000Yes (1)

Procedures Corrective Action ProceduresCorrectiveActionGrp (4 entries)

Bond ReferenceBondReferenceCdProcedures Corrective ActionProceduresCorrectiveActionInd
AYes (1)
BYes (1)
CYes (1)
DYes (1)

Supplemental Information Detail SupplementalInformationDetail (8 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
SCHEDULE K, PART I, LINE A (F):REFUNDING AND DEFEASANCE OF SERIES H, SETTLE LOC, CONSTRUCTION.
SCHEDULE K, PART I, LINE B (F):REFUNDING AND DEFEASANCE OF EARLIER SERIES F AND PORTION OF SERIES G.
SCHEDULE K, PART I, LINE C (F):CONTRUCTION PROJECTS INCLUDING RESIDENTIAL HOUSING.
SCHEDULE K, PART I, LINE D (F):CONTRUCTION PROJECTS INCLUDING RESIDENTIAL HOUSING AND ACADEMIC FACILITIES RENOVATION/EXPANSION
SCHEDULE K, PART IV, COL. A LINE 2CSERIES I-1 CALCULATION WAS PERFORMED FOR THE PERIOD 11/11/17 -11/22/22, AND RESULTED IN A NEGATIVE REBATE LIABILITY
SCHEDULE K, PART IV, COL. B LINE 2CSERIES J-1 CALCULATION WAS PERFORMED FOR THE PERIOD 11/11/17 -11/22/22, AND RESULTED IN A NEGATIVE REBATE LIABILITY
SCHEDULE K, PART IV, COL. C LINE 2CSERIES K CALCULATION WILL NOT BE DUE UNTIL 9/22/2025
SCHEDULE K, PART IV, COL. D LINE 2CSERIES L CALCULATION WILL NOT BE DUE UNTIL 4/19/2027

Schedule L IRS990ScheduleL

Grnt Asst Bnft Interested Prsn GrntAsstBnftInterestedPrsnGrp (2 entries)

Cash GrantCashGrantAmtType Of AssistanceTypeOfAssistanceTxtAssistance PurposeAssistancePurposeTxt
$9,800GRANT AND OTHER ASSISTANCEFINANCIAL AID
$18,181SCHOLARSHIP AND OTHER ASSISTANCESCHOLARSHIP

Schedule M IRS990ScheduleM

Books And Publications BooksAndPublicationsGrp

FieldValueIRS element (for citing)
Non Cash CheckboxYes (X)NonCashCheckboxInd
Noncash Contributions Rpt F990$1NoncashContributionsRptF990Amt
Method Of Determining RevenuesFMVMethodOfDeterminingRevenuesTxt

Clothing And Household Goods ClothingAndHouseholdGoodsGrp

FieldValueIRS element (for citing)
Non Cash CheckboxYes (X)NonCashCheckboxInd
Noncash Contributions Rpt F990$240NoncashContributionsRptF990Amt
Method Of Determining RevenuesFMVMethodOfDeterminingRevenuesTxt

Securities Publicly Traded SecuritiesPubliclyTradedGrp

FieldValueIRS element (for citing)
Non Cash CheckboxYes (X)NonCashCheckboxInd
Contribution13ContributionCnt
Noncash Contributions Rpt F990$94,247NoncashContributionsRptF990Amt
Method Of Determining RevenuesFMVMethodOfDeterminingRevenuesTxt

Drugs And Medical Supplies DrugsAndMedicalSuppliesGrp

FieldValueIRS element (for citing)
Non Cash CheckboxYes (X)NonCashCheckboxInd
Contribution40ContributionCnt
Noncash Contributions Rpt F990$20,242NoncashContributionsRptF990Amt
Method Of Determining RevenuesFMVMethodOfDeterminingRevenuesTxt

Other Non Cash Contri Table OtherNonCashContriTableGrp (2 entries)

Non Cash CheckboxNonCashCheckboxIndDescDescContributionContributionCntNoncash Contributions Rpt F990NoncashContributionsRptF990AmtMethod Of Determining RevenuesMethodOfDeterminingRevenuesTxt
Yes (X)SPECIAL EVENT9$2,725FMV
Yes (X)EQUIPMENT1$170FMV
FieldValueIRS element (for citing)
Any Property That Must Be Held0AnyPropertyThatMustBeHeldInd
Review Process Unusual NC Gifts0ReviewProcessUnusualNCGiftsInd
Third Parties Used0ThirdPartiesUsedInd

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART I, COLUMN (B):FormAndLineReferenceDesc
ExplanationNUMBER OF CONTRIBUTIONS REPRESENTS THE NUMBER OF ITEMS CONTRIBUTED.ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (5 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION B, LINE 11BTHE FOLLOWING IS THE SUCCESSION OF THE REVIEWS THAT OCCUR PRIOR TO FILING FORM 990. REVISIONS TO THE RETURN MAY BE MADE AT ANY POINT PRIOR TO FINAL FILING OF THE RETURN: THE RETURN IS PREPARED BY AN OUTSIDE PREPARER WITH THE ASSISTANCE OF THE ACCOUNTING STAFF. THE RETURN IS THEN INDEPENDENTLY REVIEWED BY THE CONTROLLER AND VP FOR FINANCE. COPIES OF THE RETURN ARE PROVIDED TO THE PRESIDENT, EACH MEMBER OF THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES AND THE CORPORATE SECRETARY FOR THEIR REVIEW AND COMMENT PRIOR TO FILING.
FORM 990, PART VI, SECTION B, LINE 12CEVERY YEAR, THE CONFLICT OF INTEREST POLICY IS REVIEWED. ALL KEY EMPLOYEES, TRUSTEES AND OFFICERS OF THE UNIVERSITY ARE REQUIRED TO REVIEW AND COMPLETE THE FORMS AS APPROPRIATE, SIGN, AND SUBMIT THE FORMS TO THEIR MANAGER OR BOARD SECRETARY FOR REVIEW AND SIGNATURE.
FORM 990, PART VI, SECTION B, LINE 15COMPENSATION FOR THE UNIVERSITY'S PRESIDENT/CEO IS DETERMINED THROUGH AN EXTENSIVE REVIEW OF THE JOB RESPONSIBILITIES AND EXPECTATIONS OUTLINED BY THE BOARD. THE COMPENSATION COMMITTEE THEN PERFORMS A REVIEW OF EXTERNAL MARKET AND INDUSTRY SURVEY AND STUDY DATA. CONSIDERATION OF ALL ADDITIONAL RESPONSIBILITIES ARE DETAILED OUT IN SPECIFIC LANGUAGE IN AN EMPLOYMENT CONTRACT APPROVED BY OUR LEGAL COUNSEL. FINAL SALARY RANGES ARE THEN DETERMINED BY THE COMPENSATION COMMITTEE. COMPENSATION FOR OTHER KEY EMPLOYEES IS DETERMINED BY THE EVALUATION OF THE JOB DESCRIPTION AGAINST EXTERNAL MARKET DATA AVAILABLE AS WELL AS THE REVIEW OF OUR INTERNAL EMPLOYEE DATA. CONSIDERATION OF ADDITIONAL RESPONSIBILITIES AND OTHER FACTORS MAY ALSO CONTRIBUTE IN DETERMINING COMPENSATION. COMPENSATION FOR THE UNIVERSITY'S OTHER OFFICERS AND KEY EMPLOYEES IS ORIGINALLY DETERMINED BASED ON EXTERNAL MARKET AND INDUSTRY SURVEY AS WELL AS THE REVIEW OF OUR INTERNAL EMPLOYEE DATA. ANY ADDITIONAL RESPONSIBILITIES ARE ALSO CONSIDERED. THE DATA IS REVIEWED BY A COMMITTEE AUTHORIZED BY THE BOARD OF TRUSTEES. DECISIONS AND AUTHORIZATIONS ARE DOCUMENTED AND PLACED ON FILE WITH THE VICE PRESIDENT OF HUMAN RESOURCES. FINAL ANNUAL SALARY RECOMMENDATIONS FROM THE PRESIDENT ARE SUBMITTED FOR REVIEW AND APPROVED BY THE HUMAN RESOURCES COMPENSATION COMMITTEE.
FORM 990, PART VI, SECTION C, LINE 19GUIDESTAR.ORG POSTS THE UNIVERSITY'S 990 FILING ANNUALLY. THIS MAKES THE 990 WIDELY AVAILABLE THROUGH THE INTERNET. COPIES ARE ALSO MADE AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST. GOVERNING DOCUMENTS AND THE ANNUAL FINANCIAL REPORT ARE MADE AVAILABLE TO BOARD MEMBERS AND IN COMPLIANCE WITH DEBT COVENANTS. UNIVERSITY EMPLOYEE AND FACULTY HANDBOOKS ARE POSTED ON THE UNIVERSITY WEBSITE. IN ADDITION, ALL STAFF AND FACULTY RECEIVE A HARD COPY. THE CONFLICT OF INTEREST POLICY IS ANNUALLY DISTRIBUTED ONLY TO KEY EMPLOYEES, DIRECTORS, AND OFFICERS OF THE UNIVERSITY TO SIGN AND RETURN.
FORM 990, PART XI, LINE 9:CHANGE IN VALUE OF INTEREST RATE SWAPS 1,491,554.

Schedule R IRS990ScheduleR

Id Disregarded Entities IdDisregardedEntitiesGrp (2 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdEINEINPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile StateLegalDomicileStateCdTotal IncomeTotalIncomeAmtEnd Of Year AssetsEndOfYearAssetsAmtBusiness Name Line1DirectControllingEntityName/BusinessNameLine1TxtAddress Line1ForeignAddress/AddressLine1TxtCityForeignAddress/CityNmProvince Or StateForeignAddress/ProvinceOrStateNmCountryForeignAddress/CountryCdLegal Domicile Foreign CountryLegalDomicileForeignCountryCd
CORAM LANE LLC
5151 PARK AVEFAIRFIELDCT06825475563897OPERATION OF GREAT RIVER GOLF CLUBCT$7,129$5,294,711SACRED HEART UNIVERSITY
SACRED HEART CAMPUS IN DINGLE
CURRICULUM EXPANSION$3,021,810$4,695,670SACRED HEART UNIVERSITYTHE MALLDINGLECO KERRYEIEI

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