2024-05-02T15:31:24-05:00 2023-06-30 BDO USA 421 Fayetteville Street Suite 300 Raleigh NC 27601 990 2022-07-01 210634981 GEORGIAN COURT UNIVERSITY % JOHN SOMMER GEOR 7329872200 900 LAKEWOOD AVENUE LAKEWOOD NJ 08701 KETAN GANDHI SVP FOR FINANCE/CFO 7329872218 2024-05-01 true KETAN GANDHI 999009999 Sandra L Feinsmith P01064157 9192781936 2024-05-01 3 2022 2023-04-26 12:10:37Z JOSEPH R MARBACH 900 LAKEWOOD AVENUE LAKEWOOD NJ 08701 63679186 false X WWW.GEORGIAN.EDU X 1908 NJ GEORGIAN COURT OFFERS A COMPREHENSIVE LIBERAL ARTS EDUCATION IN THE ROMAN CATHOLIC TRADITION. FOR MORE INFORMATION SEE SCHEDULE O. 26 25 767 57 156574 0 4909322 3409945 51410020 49213034 13428399 5832420 280053 304912 70027794 58760311 17128793 16023767 0 0 25357737 25083418 27220 27221 1772391 25388432 27147464 67902182 68281870 2125612 -9521559 127824827 119755993 33923273 35862776 93901554 83893217 X GEORGIAN COURT UNIVERSITY (GCU), PROVIDES A COMPREHENSIVE LIBERAL ARTS EDUCATION AND IS OPEN TO STUDENTS OF ALL FAITHS, DELIVERS A CURRICULUM THAT PROMOTES SCHOLARSHIP, SERVICE, AND PERSONAL DEVELOPMENT. FOR MORE INFORMATION SEE SCHEDULE O. false false 35607782 16023767 49373879 SEE SCHEDULE O. 9449208 0 0 STUDENT SERVICE SUPPORT - OTHER EXPENDITURES TO SUPPORT THE OPERATION OF OFFICES DEDICATED TO STUDENT SERVICE ACTIVITIES. 3271487 0 0 STUDENT ATHLETES & PROGRAMS - AS A MEMBER OF THE CENTRAL ATHLETIC COLLEGIATE CONFERENCE, GCU HAD 270 ATHLETES PARTICIPATING IN NCAA DIVISION II SPORTS, PROGRAMS ATTRACTED HIGH-ACHIEVING SCHOLAR-ATHLETES IN BASKETBALL, CROSS COUNTRY, LACROSSE, SOCCER, SOFTBALL, VOLLEYBALL, AND BOTH INDOOR AND OUTDOOR TRACK & FIELD. IN 2022-23, GEORGIAN COURT UNIVERSITY ADDED A NEW SPORT, ACROBATICS AND TUMBLING. BASEBALL WAS ALSO APPROVED TO BE ADDED IN THE 2023-2024 YEAR. 48328477 true true false true false false false false false true true true false false true true true false true false true false true true true false false false true true true false false false false false false false false false false false false false false false true true true false false true 139 0 true 767 true true true false false false false true true false false false false false false X 26 25 false false false false false true true true true false false true true true true true true true true false KY MD MA MI NH NY OH OK OR PA TN X JOHN SOMMER 7329872416 900 LAKEWOOD AVENUE Lakewood NJ 08701 X JOSEPH R MARBACH PRESIDENT 35.0 0.0 X X 401762 0 32068 MATTHEW MANFRA VP Institutional Advancement 35.0 0.0 X 209000 0 18577 JANICE WARNER Provost 35.0 0.0 X 188500 0 28488 CHRIS KRZAK VP Enrollment & Retention 35.0 0.0 X 159126 0 12904 JENNIFER J EDMONDS DEAN, SCH. OF BUS. & DIGITAL M 35.0 0.0 X 136395 0 26748 CLAIRE B GALLAGHER Professor 35.0 0.0 X 153946 0 8198 KENNETH M KARAMICHAEL Assoc VP for Professional Stu 35.0 0.0 X 145000 0 10449 JANET SR THIEL ASSOC VP for UNIVERSITY ASSESS 35.0 0.0 X 150897 0 1125 DAWN BURDSALL ASSOC VP for FINANCE & ADMIN 35.0 0.0 X 140500 0 4470 HEATHER MEIER THRU 1122 VP FIN. & ADMINISTRATION/CFO 35.0 0.0 X 45974 0 965 JULIA A UPTON RSM PHD BOARD CHAIR 1.0 0.0 X 0 0 0 MEGAN E MULCAHY ROMANO BOARD VICE CHAIR 1.0 0.0 X 0 0 0 JAMES E ANDREWS INDIVIDUAL TRUSTEE 1.0 0.0 X 0 0 0 NINA ANUARIO INDIVIDUAL TRUSTEE 1.0 0.0 X 0 0 0 MICHELE TERESA ARONICA RSM INDIVIDUAL TRUSTEE 1.0 0.0 X 0 0 0 THERESA M BRODRICK PHD INDIVIDUAL TRUSTEE 1.0 0.0 X 0 0 0 THE HONORABLE JEFFREY CHIESA INDIVIDUAL TRUSTEE 1.0 0.0 X 0 0 0 RODRIGO A COLON JR INDIVIDUAL TRUSTEE 1.0 0.0 X 0 0 0 ALICIA COOK INDIVIDUAL TRUSTEE 1.0 0.0 X 0 0 0 CHRIS DOMES EDD INDIVIDUAL TRUSTEE 1.0 0.0 X 0 0 0 MADELINE FERRARO ESQ INDIVIDUAL TRUSTEE 1.0 0.0 X 0 0 0 MARY ELLEN FURMAN RSM INDIVIDUAL TRUSTEE 1.0 0.0 X 0 0 0 MSGR R VINCENT GARTLAND INDIVIDUAL TRUSTEE 1.0 0.0 X 0 0 0 MARILYN E GONYO EDD INDIVIDUAL TRUSTEE 1.0 0.0 X 0 0 0 PATRICIA SMITH HEANUE TRUSTEE EMERITA 1.0 0.0 X 0 0 0 JOYCE A HECKMAN INDIVIDUAL TRUSTEE 1.0 0.0 X 0 0 0 ROBERT H HUTCHINS INDIVIDUAL TRUSTEE 1.0 0.0 X 0 0 0 DEACON JAMES J KINPPER INDIVIDUAL TRUSTEE 1.0 0.0 X 0 0 0 PATRICIA E KOCH ESQ TRUSTEE EMERITA 1.0 0.0 X 0 0 0 MICHAEL J LAFERRERA INDIVIDUAL TRUSTEE 1.0 0.0 X 0 0 0 MARY K E MAPLES ESQ INDIVIDUAL TRUSTEE 1.0 0.0 X 0 0 0 KERRY ANNE MCGEARY PHD INDIVIDUAL TRUSTEE 1.0 0.0 X 0 0 0 AMELIA A MCTAMANEY TRUSTEE EMERITA 1.0 0.0 X 0 0 0 ELIZABETH HEALEY MULVIHILL TRUSTEE EMERITA 1.0 0.0 X 0 0 0 JUDITH PERSICHILLI RNBSNMA INDIVIDUAL TRUSTEE 1.0 0.0 X 0 0 0 LINDA M ORLANDO TRUSTEE EMERITA 1.0 0.0 X 0 0 0 TAMMI C REDD PHD INDIVIDUAL TRUSTEE 1.0 0.0 X 0 0 0 REVEREND MSGR JOSEPH N ROSIE INDIVIDUAL TRUSTEE 1.0 0.0 X 0 0 0 ELIZABETH M SCHMALZ INDIVIDUAL TRUSTEE 1.0 0.0 X 0 0 0 EDWARD SMITH INDIVIDUAL TRUSTEE 1.0 0.0 X 0 0 0 M DEBORAH HANLEY WILLIAMS TRUSTEE EMERITA 1.0 0.0 X 0 0 0 1731100 0 143992 32 false true false ARAMARK SERVICES INC PO BOX 978839 DALLAS TX 753978839 FACILITIES & DINING 2813247 EAB GLOBAL PO Box 603519 CHARLOTTE NC 282603519 Consultant 1518370 ELLUCIAN COMPANY LP 4 Country View Road MALVERN PA 19355 Management Services 753273 NJEDGENET PO BOX 22822 NEW YORK NY 100872822 Consultant 546868 AJT INVESTMENTS INC 1570 Laurel Court MANASQUAN NJ 08736 Construction Svcs. 477034 12 113960 1918805 1377180 3409945 TUITION AND FEES 900099 45300303 45300303 RESIDENCE HALLS AND DINING SERVICES 900099 3886777 3886777 BOOKSTORE COMMISSION 900099 25954 25954 49213034 2309808 5647 2304161 0 0 101301 1250 0 0 101301 1250 102551 102551 8397510 4874898 3522612 3522612 3522612 37117 113960 43977 -6860 -6860 0 0 0 0 0 0 OTHER STUDENT ACTIVITIES/MISCELLANEOUS 900099 130345 130345 CATERING 900099 48376 48376 TRUST INCOME 900099 30500 30500 209221 58760311 49373879 156574 5819913 0 14526888 14526888 1496879 1496879 0 1075413 381448 465635 228330 0 19075113 16091199 2217913 766001 389579 298281 75115 16183 2860731 1998267 724654 137810 1682582 1402276 206831 73475 2985755 53045 2932710 29544 29544 169793 169793 29538 29538 27221 27221 207463 207463 1943896 61200 1731083 151613 929777 790855 132840 6082 1020077 948754 46458 24865 2639575 1016371 1585888 37316 0 1811892 410747 1401145 482871 464585 9765 8521 0 125165 105026 19617 522 552051 552051 0 3669123 3669123 1102175 83758 1018417 STUDENT PROGRAMS & SERVICES 2191764 2171818 19946 DINING HALL 2138863 2138863 RECRUITING 1319276 1247100 29323 42853 PROFESSIONAL SERVICES 1124953 1124953 2673913 1516164 906150 251599 68281870 48328477 18181002 1772391 0 0 15712793 8194017 893717 1181162 958432 1283929 0 0 0 0 0 0 0 0 877806 100487 122595717 67249748 55759832 55345969 42796810 45915845 10164237 6266060 0 0 0 0 661200 1468524 127824827 119755993 7844847 11289299 0 0 652746 843384 14075569 13344252 0 0 0 0 57806 29272 0 0 11292305 10356569 33923273 35862776 X 62859721 50135675 31041833 33757542 93901554 83893217 127824827 119755993 -9521559 -486778 X false true X true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false true false false false false true 538 false true 29000 29538 false SCHEDULE C, PART II-B, LINE 1: THE UNIVERSITY ENGAGED MWW PUBLIC AFFAIRS TO UNDERTAKE LOBBYING AND GRANT-WRITING ASSISTANCE. THE TOTAL FEES PURSUANT TO THIS CONTRACT FOR THE YEAR ENDED JUNE 30, 2023 WERE $30,000. THE FIRM EXPENDED 95% EFFORT ON LOBBYING AND 5% ON GRANT-WRITING ASSISTANCE. IN ADDITION, THE UNIVERSITY SECURED THE SERVICES OF KOMJATHY & KEAN LLC ($500) FOR STATE ACTIVITIES. UNIVERSITY PERSONNEL AND STUDENTS, DURING THE COURSE OF VARIOUS ACTIVITIES THROUGHOUT THE YEAR, MEET WITH LEGISLATORS TO DISCUSS EDUCATION RELATED TOPICS. THE AMOUNT OF TIME SPENT IS NOT MATERIAL. LINE 1G THE UNIVERSITY PAID MEMBERSHIP DUES TO MEMBER ORGANIZATIONS WHO MAY ENGAGE IN LOBBYING ACTIVITIES. THEREFORE, A PORTION OF THE DUES MAY BE ATTRIBUTABLE TO LOBBYING ACTIVITIES. THE UNIVERSITY PORTION OF DUES TO LOBBYING ACTIVITIES TOTALED $538. THIS DOES NOT CONSTITUTE A SUBSTANTIAL PORTION OF THE UNIVERSITY'S ACTIVITIES. 53415761 243492 4893815 2172523 56380545 60924548 161844 -5739453 1931178 53415761 52634180 512496 12491288 4713416 60924548 58402612 182869 944249 6895550 52634180 58245672 300681 2447044 2590785 58402612 0.42850 0.29110 0.28040 false false 2720405 2720405 89831379 43669347 46162032 2164446 2143916 20530 22145972 20043910 2102062 5733515 1392575 4340940 55345969 STRUCTURED CREDIT FUND 1648222 F PRIVATE EQUITY FUND 1635207 F SPECIAL SITUATIONS FUNDS 1412320 F CORE PROPERTIES FUNDS 1132075 F INVESTMENTS HELD BY TRUSTEES 438236 F 6266060 0 BONDS PAYABLE 8587785 COND. ASSET RETIR. OBLIGATION 935905 OTHER LIABILITIES 814078 ANNUITY PAYMENT LIABILITY 18801 10356569 X 42042303 -486778 -486778 42529081 207463 16023767 16231230 58760311 52050640 52050640 207463 16023767 16231230 68281870 ENDOWMENT FUNDS FORM 990, SCHEDULE D, PART V, LINE 4 THE UNIVERSITY HAS ADOPTED AN INVESTMENT POLICY THAT IS INTENDED TO PROVIDE A PREDICTABLE STREAM OF FUNDING TO PROGRAMS FROM ITS ENDOWMENT WHILE SEEKING TO MAINTAIN THE PURCHASING POWER OF THE ENDOWMENT ASSETS. ENDOWMENT ASSETS INCLUDE THOSE ASSETS OF DONOR-RESTRICTED FUNDS THAT THE UNIVERSITY MUST HOLD IN PERPETUITY AS WELL AS BOARD-DESIGNATED FUNDS. 1. DONOR-RESTRICTED ENDOWMENT FUNDS ARE ESTABLISHED BY DONOR-RESTRICTED GIFTS AND RECORDED AS PERMANENTLY RESTRICTED WITHIN THE UNIVERSITY FINANCIAL STATEMENTS. THE AMOUNT OF EACH INDIVIDUAL FUND IS COMPRISED OF THE ORIGINAL GIFT, SUBSEQUENT GIFTS IF THEY WERE TO BE ADDED TO THE PERMANENT ENDOWMENT AND ACCUMULATIONS IF DIRECTED BY THE DONOR'S GIFT DOCUMENTS. THESE FUNDS MUST BE RETAINED IN ACCORDANCE WITH THE EXPLICIT DONOR STIPULATIONS. 2. EARNINGS ON THESE ENDOWED FUNDS ARE REGARDED AS NET APPRECIATION AND CLASSIFIED AS NET ASSETS WITH DONOR RESTRICTIONS. THESE AMOUNTS ARE APPROPRIATED FOR EXPENDITURE CONSISTENT WITH THE DONOR GUIDELINES. DONOR FUNDED SCHOLARSHIPS ARE AWARDED ANNUALLY, IN ACCORDANCE WITH DONOR STIPULATED GUIDELINES AND ARE A COMPONENT OF THE UNIVERSITY'S FINANCIAL AID BUDGET. 3. BOARD DESIGNATED FUNDS, QUASI-ENDOWMENT, FUNCTIONING AS ENDOWMENTS ARE MADE UP OF A DEBT FUND, INTENDED TO OFFSET FUTURE DEBT BORROWINGS; A PLANT FUND, INTENDED TO SUPPLEMENT OPERATIONAL EXPENSES RELATED TO FACILITIES' NEEDS SUCH AS DEFERRED MAINTENANCE OR CAPITAL ITEMS; AND A SPECIAL PROJECTS FUND WITH THE ABILITY TO REACT TO THE CHANGING NEEDS AND DEMANDS OF THE HIGHER EDUCATION ENVIRONMENT. INCOME TAXES FORM 990, SCHEDULE D, PART X, LINE 2 THE UNIVERSITY IS CLASSIFIED AS A 501(C)(3) ORGANIZATION AND IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(A) OF THE INTERNAL REVENUE CODE AND A SIMILAR PROVISION OF THE NEW JERSEY STATE INCOME TAX LAW. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN REFLECTED IN THE ACCOMPANYING FINANCIAL STATEMENTS. THERE ARE CERTAIN TRANSACTIONS THAT COULD BE DEEMED UNRELATED BUSINESS INCOME AND WOULD RESULT IN A TAX LIABILITY. MANAGEMENT REVIEWS TRANSACTIONS TO ESTIMATE POTENTIAL TAX LIABILITIES USING A THRESHOLD OF MORE LIKELY THAN NOT. IT IS MANAGEMENT'S ESTIMATION THAT THERE ARE NO MATERIAL TAX LIABILITIES THAT NEED TO BE RECORDED AT JUNE 30, 2023 AND 2022. RECONCILIATION OF REVENUE FORM 990, SCHEDULE D, PART XI, LINE 4B SCHOLARSHIP EXPENSE (RECLASS) $16,023,767 RECONCILIATION OF EXPENSES FORM 990, SCHEDULE D, PART XII, LINE 4B SCHOLARSHIP EXPENSE (RECLASS) $16,023,767 true true true true true true true false false false false false false false false true false true NONDISCRIMINATION POLICY SCHEDULE E, PART I, LINE 3 THE UNIVERSITY'S NOTICE OF NONDISCRIMINATION POLICY IS PRINTED ON ALL BROCHURES, WEB PAGES, AND PUBLICATIONS THAT ADVERTISE GCU PROGRAMS AND ADMISSION STANDARDS. FINANCIAL AID OR ASSISTANCE FROM A GOVERNMENTAL AGENCY FORM 990, SCHEDULE E, PART I, LINE 6A U.S. DEPARTMENT OF JUSTICE GRANTS TO REDUCE DOMESTIC VIOLENCE, DATING VIOLENCE, SEXUAL ASSAULT, AND STALKING ON CAMPUS U.S. DEPARTMENT OF EDUCATION TRIO STUDENT SUPPORT SERVICES - TRIO CLUSTER STUDENT FINANCIAL ASSISTANCE CLUSTER - FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANT FEDERAL WORK-STUDY PROGRAM FEDERAL PELL GRANT PROGRAM FEDERAL DIRECT STUDENT LOANS TEACHER EDUCATION ASSISTANCE FOR COLLEGE AND HIGHER EDUCATION GRANTS (TEACH GRANTS) TRANSITION PROGRAMS FOR STUDENTS WITH INTELLECTUAL DISABILITIES INTO HIGHER EDUCATION. HIGHER EDUCATION STUDENT ASSISTANCE AUTHORITY TUITION AID GRANT NJ STARS PROGRAM COMMISSION ON HIGHER EDUCATION EDUCATIONAL OPPORTUNITY FUND EDUCATIONAL OPPORTUNITY FUND - SUMMER EDUCATIONAL OPPORTUNITY FUND - WINTER OTHER COMMISSION ON HIGHER EDUCATION ASSISTANCE EDUCATION OPPORTUNITY FUND - ARTICLE IV NEW JERSEY DEPARTMENT OF HUMAN SERVICES VOCATIONAL REHABILITATION DIRECT SERVICE NEW JERSEY DEPARTMENT OF THE TREASURY - HIGHER EDUCATION ADMINISTRATION AID TO INDEPENDENT COLLEGES & UNIVERSITIES NEW JERSEY OFFICE OF THE SECRETARY OF HIGHER EDUCATION OPPORTUNITY MEETS INNOVATION GRANT CAREER ACCELERATOR INTERNSHIP GRANT HUNGER-FREE CAMPUS GRANT NEW-JERSEY CUIT TOBACCO SMOKE FREE true Europe (Including Iceland and Greenland) 0 0 Grantmaking 945565 North America 0 0 Grantmaking 322634 Sub-Saharan Africa 0 0 Grantmaking 168843 East Asia and the Pacific 0 0 Grantmaking 59837 0 0 0 0 1496879 1496879 Grantmaking Europe (Including Iceland and Greenland) 0 945565 CREDIT ACCT Grantmaking North America 0 322634 CREDIT ACCT Grantmaking Sub-Saharan Africa 0 168843 CREDIT ACCT Grantmaking East Asia and the Pacific 0 59837 CREDIT ACCT false false false false false false SCHEDULE F, PART I, LINE 2: THE UNIVERSITY GRANTS LISTED ON SCHEDULE F REPRESENT INSTITUTIONAL AID PROVIDED TO STUDENTS WHO MATRICULATE AT THE UNIVERSITY. THE AID PROVIDED TO THE STUDENTS IS APPLIED BY THE UNIVERSITY DIRECTLY TO THE STUDENTS' ACCOUNT. AS SUCH, NO MONITORING OF THE GRANT FUNDS ARE REQUIRED BECAUSE THE STUDENT MAY ONLY USE THE SCHOLARSHIP FUNDS TO DEFRAY THE COST OF TUITION. X X X X X X X true Ruffalo Noel Levitz fundraising false 12465 25721 -13256 12465 25721 -13256 AL AK AR CA CO CT DC FL GA HI IL KS KY LA ME MD MA MI MN MS MO NV NH NJ NM NY NC ND OH OK OR PA RI SC TN UT VA WA WV WI GOLF OUTING 114916 95583 19333 43633 ATHLETICS GOLF 32796 18377 14419 1 3365 3365 344 151077 113960 37117 43977 43977 -6860 900 LAKEWOOD AVENUE LAKEWOOD NJ 08701 true INSTITUTIONAL GRANT AID 2276 10274874 ATHLETICS 411 1958278 ENDOWED/FUNDED 478 1270005 TRANSFER SCHOLARSHIP 198 966839 RELIGIOUS GRANTS & DISCOUNTS 55 56892 MONITORING OF FUNDS SCHEDULE I, PART I, LINE 2 THE UNIVERSITY GRANTS LISTED ON SCHEDULE I REPRESENT SCHOLARSHIPS OFFERED TO STUDENTS WHO MATRICULATE AT THE UNIVERSITY. AS SUCH, NO MONITORING OF THE GRANT FUNDS ARE REQUIRED BECAUSE THE STUDENT MAY ONLY USE THE SCHOLARSHIP FUNDS TO DEFRAY THE COST OF TUITION. X true true X X X X X true false false false false false false false false JOSEPH R MARBACH PRESIDENT 371762 0 0 0 30000 0 10105 0 21963 0 433830 0 0 0 MATTHEW MANFRA VP Institutional Advancement 209000 0 0 0 0 0 6000 0 12577 0 227577 0 0 0 JANICE WARNER Provost 188500 0 0 0 0 0 5655 0 22833 0 216988 0 0 0 CHRIS KRZAK VP Enrollment & Retention 159126 0 0 0 0 0 4624 0 8280 0 172030 0 0 0 JANET SR THIEL ASSOC VP for UNIVERSITY ASSESS 150897 0 0 0 0 0 0 0 1125 0 152022 0 0 0 JENNIFER J EDMONDS DEAN, SCH. OF BUS. & DIGITAL M 136395 0 0 0 0 0 3915 0 22833 0 163143 0 0 0 CLAIRE B GALLAGHER Professor 62328 0 0 0 91618 0 1855 0 6343 0 162144 0 0 0 KENNETH M KARAMICHAEL Assoc VP for Professional Stu 145000 0 0 0 0 0 4350 0 6099 0 155449 0 0 0 SCHEDULE J, PART I, LINE 1A THE PRESIDENT RECEIVED A HOUSING ALLOWANCE OF $30,000 FROM THE UNIVERSITY. THIS AMOUNT IS REPORTED AS TAXABLE COMPENSATION ON SCHEDULE J AND PART VII. SCHEDULE J, PART I, LINE 4A CLAIRE GALLAGHER RECEIVED A SEVERANCE PAYMENT OF $91,618. A New Jersey Educational Facilities Authority 2017G 221829511 64606645A 2017-12-21 14383915 REFUND SERIES 2007 & CONSTRUCTION false false false B New Jersey Educational Facilities Auth 2014D 221829511 646066DG2 2014-04-29 19369367 REFUND 2004 ISSUE & CONSTRUCTION false false true C New Jersey Educational Facilities Authority 2016A 221829511 000000000 2016-07-26 20805115 REFUND SERIES 2005 & 2006 false false true D NEW JERSEY EDUCATIONAL FAC AUTH 2016B 221829511 646066F54 2016-12-20 30676062 FINANCE CAPITAL IMPROVEMENTS false false true A 295000 0 14383915 0 0 0 191599 0 0 5026650 916566 0 true true true true B 944442 0 944442 0 0 0 5526 0 0 751266 187650 0 2014 false true true true C 459321 0 802948 0 0 0 1869 0 0 0 801079 0 true false true true D 409275 0 572736 0 0 0 4603 0 0 504176 0 63957 false false false A false false true true false 0 false false false true B false false false false 0 false false false true C false false false false 0 false false false true D false false false 0 false false false true A false true false false 0 false 0 false true B false true false false 0 false 0 false true C false true false false 0 false 0 false true D false true false false 0 false 0 false true A true B true C true D true SCHEDULE K, PART I BOND A - NEW JERSEY EDUCATIONAL FACILITIES AUTHORITY, PROJECT REVENUE BOND, 2017 SERIES PROJECT G. PART III, LINE 3A: ALL CONTRACTS FALL UNDER REV. PROC. 97-13 OR ARE INCIDENTAL IN NATURE AND DO NOT CONSTITUTE PRIVATE BUSINESS USE. BOND B - NEW JERSEY EDUCATIONAL FACILITIES AUTHORITY, HIGHER EDUCATION CAPITAL IMPROVEMENT FUND, SERIES 2014 D: PART II, LINE 3: BOND B 2014D IS A POOLED FINANCING BOND. THE PORTION REPORTED ON SCHEDULE K PART II IS REFLECTIVE OF ONLY GEORGIAN COURT UNIVERSITY'S PORTION. PART IV, LINE 2C: BOND B 2014D THE LAST COMPUTATION WAS DONE 05/16/2023. BOND C - NEW JERSEY EDUCATION FACILITIES AUTHORITY, HIGHER EDUCATION CAPITAL IMPROVEMENT FUND, SERIES 2016 A: PART II, LINE 3: BOND C 2016A IS A POOLED FINANCING BOND. THE PORTION REPORTED ON SCHEDULE K PART II IS REFLECTIVE OF ONLY GEORGIAN COURT UNIVERSITY'S PORTION. BOND D - NEW JERSEY EDUCATION FACILITIES AUTHORITY, HIGHER EDUCATION CAPITAL IMPROVEMENT FUND, SERIES 2016 B: PART II, LINE 3: BOND D 2016B IS A POOLED FINANCING BOND. THE PORTION REPORTED ON SCHEDULE K PART II IS REFLECTIVE OF ONLY GEORGIAN COURT UNIVERSITY'S PORTION. ORGANIZATION'S MISSION FORM 990, PART I, LINE 1 GEORGIAN COURT OFFERS A COMPREHENSIVE LIBERAL ARTS EDUCATION IN THE ROMAN CATHOLIC TRADITION, WITH A SPECIAL CONCERN FOR WOMEN, AND IS COMMITTED TO ITS CORE VALUES OF JUSTICE, RESPECT, INTEGRITY, SERVICE, AND COMPASSION. FORM 990, PART III, LINE 4A INSTRUCTIONAL DEGREE PROGRAM IN 2022-23 GEORGIAN COURT UNIVERSITY ENROLLED 1,962 STUDENTS IN MORE THAN 30 UNDERGRADUATE AND OVER 10 DISTINCTIVE GRADUATE PROGRAMS THROUGH THE SCHOOL OF BUSINESS AND DIGITAL COMMUNICATION, THE SCHOOL OF EDUCATION, THE HACKENSACK MERIDIAN HEALTH SCHOOL OF NURSING & WELLNESS, AND THE SCHOOL OF ARTS AND SCIENCES. THE UNIVERSITY'S FASTEST-GROWING AND MOST COMPETITIVE DEGREE PROGRAM, THE BACHELOR OF SCIENCE IN NURSING (BSN), BENEFITS FROM ITS PARTNERSHIP WITH HACKENSACK MERIDIAN HEALTH, ONE OF THE LARGEST HEALTHCARE NETWORKS IN NEW JERSEY. GCU CONTINUES TO MEET MARKETPLACE DEMANDS AND IN 2022-23 GRADUATED THE SECOND COHORT OF THE ACCELERATED BACHELOR OF SCIENCE IN NURSING (A.B.S.N.) STUDENTS. ADDITIONALLY 2022-23 MARKED THE LAUNCH OF THE MASTER OF SOCIAL WORK PROGRAM. OUR HISTORY GEORGIAN COURT, LOCATED IN HISTORIC LAKEWOOD, NEW JERSEY, IS THE ONLY CATHOLIC INSTITUTION OF HIGHER EDUCATION SERVING RESIDENTS THROUGHOUT CENTRAL AND SOUTHERN NEW JERSEY. THE UNIVERSITY HAS HISTORIC ROOTS AS A WOMEN'S COLLEGE, AND SERVED MEN IN EVENING AND GRADUATE COURSES, USUALLY PART-TIME, UNTIL SEPTEMBER 2012. GCU BECAME FULLY COEDUCATIONAL IN SEPTEMBER 2013 WITH THE ADDITION OF MEN IN CAMPUS RESIDENCE HALLS AND THE LAUNCH OF MEN'S ATHLETICS. BY THE 2022-23 ACADEMIC YEAR, GCU'S UNDERGRADUATE POPULATION WAS 73% FEMALE AND 27% MALE WITH MEN PARTICIPATING IN SPORTS, STUDENT ACTIVITIES, CAMPUS MINISTRY, CAMPUS LEADERSHIP, AND RESIDENCE LIFE. GCU PROVIDES ALL STUDENTS WITH A VALUES-BASED LIBERAL ARTS EDUCATION THAT (1) ENHANCES THEIR MARKETABILITY AFTER GRADUATION; (2) EMPHASIZES PURPOSEFUL LEADERSHIP; AND (3) PREPARES THEM TO MAKE MEANINGFUL CONTRIBUTIONS IN THEIR CAREERS, IN COMMUNITIES AND IN THE LIVES OF OTHERS. AT THE SAME TIME, GCU EMPHASIZES THE IMPORTANCE OF FORMATION, WHOLE-PERSONHOOD AND EXPERIENCES THAT HELP STUDENTS BECOME JUST AND COMPASSIONATE MEMBERS OF SOCIETY. THE GCU OFFICE OF MISSION OFTEN LEADS THESE EFFORTS THROUGH SPECIAL PROGRAMMING, COLLOQUIA FOCUSED ON CATHOLIC INTELLECTUAL TRADITION, AND BY CREATING EXPERIENTIAL OPPORTUNITIES FOR STUDENTS. AS A ROMAN CATHOLIC UNIVERSITY, GCU WELCOMES STUDENTS FROM ALL RELIGIOUS, ETHNIC, AND SOCIOECONOMIC BACKGROUNDS. THE ENTIRE GCU COMMUNITY BENEFITS FROM THE UNIVERSITY'S EMBRACE OF ITS MERCY CORE VALUES OF RESPECT, INTEGRITY, JUSTICE, COMPASSION, AND SERVICE. GCU WAS ACKNOWLEDGED DURING THE 2022-23 YEAR BY U.S. NEWS & WORLD REPORT IN ITS BEST REGIONAL UNIVERSITIES NORTH RANKINGS. AT #101, ALSO NOTED THE UNIVERSITY AS A TOP PERFORMER IN THE SOCIAL MOBILITY CATEGORY AGAIN. THE STUDENT EXPERIENCE GEORGIAN COURT UNIVERSITY EXCELS AT DELIVERING A CURRICULUM THAT IS DESIGNED TO ENGAGE STUDENTS AND ALLOWS FOR PERSONAL AND PROFESSIONAL EXPLORATION IN THEIR COURSEWORK IN AND OUTSIDE THE CLASSROOM. GCU'S SMALL STUDENT-FACULTY RATIO OF 11:1 ALLOWS STUDENTS TO LEARN IN HIGHLY PERSONALIZED CLASSES AND ENABLES STUDENTS TO DO WELL-BEYOND ACADEMICS- BECAUSE OF HIGH-IMPACT LEARNING PRACTICES. THESE INCLUDE LEARNING COMMUNITIES, SERVICE LEARNING, RESEARCH WITH FACULTY, STUDY ABROAD, INTERNSHIPS AND SENIOR CAPSTONES. SUCH HIGH-IMPACT PRACTICES (HIIP) ARE A STRENGTH AT GEORGIAN COURT. ONE SIGNIFICANT EXAMPLE OF HIGH-IMPACT PRACTICES IN ACTION WAS THE WORK OF GCU NURSING STUDENTS THROUGHOUT THE PANDEMIC AND BEYOND. GCU'S LEARNING ENVIRONMENT, ITS APPROACHABLE FACULTY AND ITS EXTENSIVE RANGE OF PROGRAMS AIMED AT ENSURING STUDENT SUCCESS ARE IMPORTANT TO ALL LEARNERS. THEY ARE CRITICAL, HOWEVER, TO THOSE WHO ARE FIRST IN THEIR FAMILIES TO ATTEND COLLEGE. ABOUT 34 PERCENT OF ALL GCU STUDENTS IN 2022-23 WERE FIRST-GENERATION COLLEGE STUDENTS. THIS APPROACH IS ALSO IMPORTANT TO THE SUCCESS OF GCU STUDENTS FROM LOWER-INCOME FAMILIES, INCLUDING THE 39 PERCENT OF STUDENTS WHO RECEIVED FEDERAL PELL GRANTS IN 2022-23. ACCOLADES GEORGIAN COURT RECEIVED SEVERAL ACCOLADES IN 2022-23, INCLUDING BEING AMONG THE BEST INSTITUTIONS IN THE NORTHEAST REGION, AS RANKED BY U.S. NEWS & WORLD REPORT. THE MAGAZINE ALSO AGAIN NOTED GCU'S ABILITY TO HELP STUDENTS FROM MODEST FINANCIAL BACKGROUNDS MOVE INTO THE MIDDLE CLASS. GEORGIAN COURT UNIVERSITY WAS ONCE AGAIN RECOGNIZED BY PHI THETA KAPPA AS AN INSTITUTION THAT CREATES PATHWAYS FOR COMMUNITY COLLEGE STUDENTS SEEKING TO TRANSFER TO A FOUR-YEAR INSTITUTION. GROWTH, RETENTION AND ACHIEVEMENT THE UNIVERSITY'S GRADUATE PROGRAMS CONTINUED TO THRIVE ONLINE, WHICH ALLOWS FOR ENROLLMENTS FROM CAREER PROFESSIONALS FROM ACROSS NEW JERSEY AND BEYOND. THE UNIVERSITY'S CENTER FOR PROFESSIONAL STUDIES (CPS) CONTINUED TO PROVIDE EXECUTIVE AND CONTINUING EDUCATION COURSES IN SUCH AREAS AS HUMAN RESOURCES MANAGEMENT, EDUCATION AND NON-PROFIT MANAGEMENT. PROGRAMMING TO SUPPORT LATINX STUDENTS CONTINUES WITH AVANZANDO, AN OUTGROWTH OF THE NATIONALLY ESTABLISHED UNIDOS-US ORGANIZATION. AVANZANDO FACILITATED WORKSHOPS, EXPERIENCES AND RESOURCES TO GCU STUDENTS WHO IDENTIFY AS LATINO. GRANTS & GIVING THE UNIVERSITY CONTINUES TO GROW FUNDRAISING AND NOTABLE GIFT IN 2022-23 INCLUDED SUPPORTING NURSING & HEALTH PROFESSIONS, GLOBAL EDUCATION AND GENERAL STUDENT SCHOLARSHIPS HELPING TO MAINTAIN THE UNIVERSITY'S AFFORDABILITY AND ACCESS TO ECONOMIC MOBILITY. DURING THIS TIME, GCU RECEIVED OVER $1M IN COMPETITIVE GOVERNMENT GRANTS, WHICH CONTINUES A TREND OF THE UNIVERSITY CONSISTENTLY BEING AWARDED OVER A MILLION DOLLARS PER ANNUM. COMMITMENT TO CORE VALUES THROUGH SERVICE SERVICE, A GCU CORE VALUE, IS EMBEDDED IN EXPERIENCES THROUGHOUT THE CURRICULUM AND STUDENT LIFE. THE 2022-23 YEAR BROUGHT REPEAT HONORS FROM THE NCAA'S 'HELPER HELPER' COMPETITION; EACH YEAR GCU ATHLETES PARTICIPATE IN THE NATIONAL PROGRAM BY VOLUNTEERING IN THE COMMUNITY. HUNDREDS OF OTHER STUDENTS GAVE BACK TO THE COMMUNITY THROUGH VOLUNTEERISM WITH CAMPUS MINISTRY, THE SOCIAL WORK CLUB, THE EDUCATION CLUB, AND VARIOUS ACADEMIC CLASSES. THE GRADUATING CLASS OF 2023 CONTINUED THE SERVICE TRADITION OF ASSEMBLING MEAL KITS FOR NEEDY, INTERNATIONAL FAMILIES. ADDITIONALLY, STUDENTS ADDRESSED LOCAL FOOD INSECURITY ISSUES BY GROWING SERVICES OFFERED BY THE GCU CAMPUS FOOD PANTRY, WHICH CONTINUES TO RECEIVE MONETARY AND FOOD DONATIONS. STUDENT NEED AT GCU IN 2022-23, ABOUT 99 PERCENT OF FULL-TIME FIRST-YEAR STUDENTS RECEIVED FINANCIAL AID, WITH OVER $20M BEING AWARDED VIA UNIVERSITY AID AND DONOR-FUNDED SCHOLARSHIPS. FORM 990, PART VI, SECTION A, LINE 7 IN APRIL 2006, THE SISTERS OF MERCY OF THE REGIONAL COMMUNITY OF NEW JERSEY TRANSFERRED THE SPONSORSHIP OF GEORGIAN COURT TO THE CONFERENCE FOR MERCY HIGHER EDUCATION (CMHE). CMHE COORDINATES COLLABORATION AMONG THE 16 MERCY COLLEGES AND UNIVERSITIES THROUGHOUT THE COUNTRY ON BEHALF OF THE INSTITUTE OF THE SISTERS OF MERCY OF THE AMERICAS. GEORGIAN COURT UNIVERSITY HAS A TWO TIERED GOVERNANCE STRUCTURE, THE FIRST TIER CONSISTING OF CMHE (AS THE UNIVERSITY'S SOLE MEMBER) AND THE SECOND BEING THE DULY ELECTED BOARD OF TRUSTEES, WHICH INCLUDES THE PRESIDENT OF THE UNIVERSITY AS AN EX-OFFICIO MEMBER. CONTROL OF THE UNIVERSITY AND ITS AFFAIRS AND PROPERTY IS VESTED IN THE BOARD OF TRUSTEES PURSUANT TO THE UNIVERSITY'S BY-LAWS, SUBJECT TO THE POWERS RESERVED TO CMHE, INCLUDING AMONG OTHERS, THE POWER TO ESTABLISH THE PHILOSOPHY AND MISSION OF THE UNIVERSITY, ELECT OR REMOVE WITH OR WITHOUT CAUSE THE UNIVERSITY PRESIDENT AND MEMBERS OF THE BOARD OF TRUSTEES, APPROVE EXPENDITURES THAT ARE IN EXCESS OF A LEVEL REQUIRING APPROVAL OF THE HOLY SEE AND MERGE, CONSOLIDATE, DISSOLVE, OR CHANGE THE CORPORATE STRUCTURE OF THE UNIVERSITY. EXCEPT TO THE EXTENT RESERVED TO CMHE, THE BOARD OF TRUSTEES IS EMPOWERED TO MANAGE THE PROPERTY AND BUSINESS OF THE UNIVERSITY, INCLUDING WITHIN SUCH AUTHORITY, THE POWER TO DELEGATE SUCH RESPONSIBILITIES AND DUTIES TO THE OFFICERS OF GEORGIAN COURT UNIVERSITY AS THE BOARD OF TRUSTEES DEEMS APPROPRIATE. FORM 990, PART VI, SECTION B, LINE 11B THE UNIVERSITY'S FORM 990 WAS PREPARED BY an INTERNATIONAL PUBLIC ACCOUNTING FIRM IN CONJUNCTION WITH THE UNIVERSITY'S FINANCIAL DEPARTMENT. A DRAFT IS PREPARED AND DISTRIBUTED TO THE FULL AUDIT COMMITTEE FOR REVIEW. THE AUDIT COMMITTEE RECOMMENDS AND APPROVES FOR RELEASE THE FORM 990. THE FORM 990 AS ULTIMATELY FILLED WITH THE IRS IS DISTRIBUTED TO THE FULL BOARD. FORM 990, PART VI, SECTION B, LINE 12 EACH TRUSTEE, OFFICER, AND KEY EMPLOYEE OF THE UNIVERSITY IS REQUIRED TO ANNUALLY DISCLOSE ANY CONFLICTS OF INTEREST THAT ARISE BY VIRTUE OF THEIR EMPLOYMENT, BOARD SERVICE, FAMILY OR BUSINESS RELATIONSHIPS, OR POSITION WITH THE UNIVERSITY. THE UNIVERSITY MONITORS COMPLIANCE WITH ITS CONFLICT OF INTEREST POLICY THROUGH A CONFLICT OF INTEREST STATEMENT THAT IS COMPLETED BY EACH BOARD MEMBER AT THE ANNUAL JUNE MEETING. THESE ARE REVIEWED BY THE EXECUTIVE COMMITTEE OF THE BOARD. IN ADDITION TO BOARD MEMBERS, EXECUTIVE LEVEL AND FINANCE STAFF, ALL THOSE IN POSITIONS IDENTIFIED BY FUNCTION TO HAVE POSSIBLE INFLUENCE WITH CONTRACT, FINANCIAL TRANSACTIONS OR SYSTEMS WITHIN THE UNIVERSITY, COMPLETE THE QUESTIONNAIRE ANNUALLY. THESE ARE REVIEWED BY THE CHIEF FINANCIAL OFFICER AND DIRECTOR OF HUMAN RESOURCES. ANY DISCLOSED RELATIONSHIPS ARE COMMUNICATED TO THE CONTROLLER FOR THE PURPOSE OF AUDIT, INTERNAL CONTROLS AND COMPLETING THE FORM 990. POTENTIAL CONFLICTS ARE INVESTIGATED IMMEDIATELY. FORM 990, PART VI, SECTION B, LINE 15 THE UNIVERSITY UNDERTAKES A THOROUGH PROCESS TO ENSURE THAT THE EXECUTIVE COMPENSATION IT PAYS TO ITS TOP MANAGEMENT OFFICIAL AND ALL OF ITS OFFICERS AND KEY EMPLOYEES OF ORGANIZATION IS REASONABLE GIVEN THE MARKET IN WHICH THE UNIVERSITY OPERATES. CEO COMPENSATION: THE EXECUTIVE COMMITTEE OF THE BOARD, REVIEWS THE COMPENSATION PACKAGE OF THE PRESIDENT ANNUALLY AT ITS JUNE MEETING. COMPENSATION LEVEL IS DECIDED UPON UTILIZING COMPARATIVE DATA RECEIVED FROM THE HUMAN RESOURCE DEPARTMENT. OFFICER POSITIONS ARE ASSIGNED A SALARY RANGE ESTABLISHED BY A COMPENSATION STUDY DONE BY AN OUTSIDE FIRM AND THE EXECUTIVE COMMITTEE OF THE BOARD ALSO REVIEWS THE COMPENSATION FOR THESE EMPLOYEES WHO ARE CONSIDERED HIGHEST-PAID EMPLOYEES. THE OFFICERS RESIDE ON THE PRESIDENT'S ADMINISTRATIVE TEAM, CATEGORIZED AS THE EXECUTIVE LEVEL OF THE UNIVERSITY. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FINANCIAL STATEMENTS ARE LISTED WITH BOND REPORTING AGENCIES. FORM 990, PART VII THE SISTERS OF MERCY FILL VARIOUS ROLES WITHIN THE UNIVERSITY. SOME POSITIONS, WHICH WOULD OTHERWISE BE FILLED WITH LAY PERSONS, ARE ASSIGNED A VALUE FOR COMPENSATION AND PAYMENTS FOR THESE SERVICES ARE MADE TO THE SISTERS OF MERCY. THIS COMPENSATION IS NOT TREATED AS TAXABLE INCOME TO THE SISTERS SINCE THEY ARE MEMBERS OF A RELIGIOUS ORDER. THEREFORE, SISTERS WHO PROVIDED SERVICES TO THE UNIVERSITY ARE DEEMED TO BE AN INDEPENDENT MEMBERS OF THE GOVERNING BODY FOR PURPOSES OF PART VII OF THE FORM 990. Conference for Mercy Higher Education 8630 Fenton Street 934 Silver Spring MD 20190 431973007 Sponsorship MD 501(c)(3) 1 NA false Paul Delaurentis Perpetual Scholarship 400 Locust Street Lakewood NJ 08701 237814490 TRUST NJ Trust 11500 1.00000 true Peter Delaurentis Perpetual Scholarship 400 Locust Street Lakewood NJ 08701 226640205 Trust NJ Trust 19000 1.00000 true false true false false false false false false false false false true false false false false false false false