2024-11-13T07:43:19-06:00 2024-06-30 221478099 COHNREZNICK LLP 350 CHURCH STREET 12TH FLOOR HARTFORD CT 06103 990 2023-07-01 060646520 ALBERTUS MAGNUS COLLEGE ALBE 2037738516 700 PROSPECT STREET NEW HAVEN CT 06511 LAURI STRIMKOVSKY VP FOR FINANCE AND ADMIN 2037738516 2024-11-12 1 1 LAURA KIELCZEWSKI P00740769 9592007000 2024-11-12 2023 2024-10-15 13:58:12Z LAURI STRIMKOVSKY 700 PROSPECT STREET NEW HAVEN CT 06511 57967456 0 X WWW.ALBERTUS.EDU X 1925 CT TO PROVIDE HIGHER EDUCATION TO COLLEGE STUDENTS 30 29 547 35 49249 0 8420296 3340215 36827938 35020826 2746172 3795952 438232 566311 48432638 42723304 14029304 14232362 0 0 19241720 19176843 0 0 1369198 13884158 13840965 47155182 47250170 1277456 -4526866 75659174 81554448 31974331 34935412 43684843 46619036 TO MAINTAIN AND OPERATE AN INSTITUTION OF HIGHER LEARNING WHICH PROVIDES INSTRUCTION IN THE LIBERAL ARTS AND SCIENCES AND CONFERS DEGREES UPON THE COMPLETION OF CURRICULA PRESCRIBED BY THE COLLEGE IN ACCORDANCE WITH ITS CHARTER AND THE LAWS OF THE STATE OF CONNECTICUT. 0 0 26498273 14232362 31893025 INSTRUCTION, LIBRARY, AND STUDENT AID OF APPROXIMATELY 1,500 COLLEGE STUDENTS BY APPROXIMATELY 120 QUALIFIED INSTRUCTORS AND THE OPERATION OF THE PHYSICAL PLANT. 11343537 3317805 STUDENT SERVICES AND AUXILIARY (STUDENT SUPPORT) SERVICES CONSISTING OF HOUSING, FOOD SERVICE, LAUNDRY SERVICE, INFIRMARY AND COUNSELING OF APPROXIMATELY 1,500 COLLEGE STUDENTS. 37841810 1 1 0 1 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 137 0 1 547 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 30 29 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CT X LAURI STRIMKOVSKY VP FOR FINANCE AND ADMIN 2037738516 700 PROSPECT STREET NEW HAVEN CT 06511 VINCENT PETRINI CHAIR/TRUSTEE 1.00 X X 0 0 0 JOHN R NESTER OUTGOING TRUSTEE 1.00 X 0 0 0 LAWRENCE P WARD OUTGOING TRUSTEE 1.00 X 0 0 0 KERRY ALYS ROBINSON OUTGOING TRUSTEE 1.00 X 0 0 0 MARC M CAMILLE ED D PRESIDENT/TRUSTEE 40.00 X X 623662 0 17859 ROBERT J LYONS JR TREASURER/TRUSTEE 1.00 X X 0 0 0 ROSEMARIE DIOS TRUSTEE 1.00 X 0 0 0 LAWRENCE P WARD TRUSTEE 1.00 X 0 0 0 JOSEPH P GERMAIN JR TRUSTEE 1.00 X 0 0 0 JAMES T OLSON TRUSTEE 1.00 X 0 0 0 JOAN E SACCO TRUSTEE 1.00 X 0 0 0 ALEXANDER CLARK TRUSTEE 1.00 X 0 0 0 GIOVANNI DUAQUI TRUSTEE 1.00 X 0 0 0 FRANKLIN REYNOLDS TRUSTEE 1.00 X 0 0 0 JANICE SHIELDS TRUSTEE 1.00 X 0 0 0 TODD RENZ TRUSTEE 1.00 X 0 0 0 THOMAS F FLYNN PH D TRUSTEE 1.00 X 0 0 0 THEODORE SCHAFFER TRUSTEE 1.00 X 0 0 0 TABITHA W MANAFORT TRUSTEE 1.00 X 0 0 0 SISTER VIRGINIA BRUEN OP TRUSTEE 1.00 X 0 0 0 SISTER SUSAN OLSON OP TRUSTEE 1.00 X 0 0 0 SISTER PATRICIA TWOHILL OP TRUSTEE 1.00 X 0 0 0 SISTER ANNE LYTHGOE OP TRUSTEE 1.00 X 0 0 0 BARBARA L PEARCE JD TRUSTEE 1.00 X 0 0 0 JEANNE DENNISON TRUSTEE 1.00 X 0 0 0 BERNARD A PELLEGRINO TRUSTEE 1.00 X 0 0 0 BISHOP THEODORE L BROOKS SR TRUSTEE 1.00 X 0 0 0 ELLIN M MULHOLLAND TRUSTEE 1.00 X 0 0 0 HOPE CAHOON TRUSTEE 1.00 X 0 0 0 JOHN WILLIAMS TRUSTEE 1.00 X 0 0 0 RAYMOND PEACH TRUSTEE 1.00 X 0 0 0 PAUL MCCRAVEN TRUSTEE/SECRETARY 1.00 X X 0 0 0 ANNE O MCCRORY JD TRUSTEE/VICE CHAIR 1.00 X X 0 0 0 LAURI STRIMKOVSKY VP FOR FINANCE 40.00 X 227354 0 21883 WILLIAM ANISKOVICH DEAN OF THE TAGLIATELA SCH 40.00 X 204332 0 0 ANDREW FOSTER VP STUDENT AFFAIRS & DEAN OF STUDENT 40.00 X 175541 0 7873 MARY YOUNG VP FOR ADVANCEMENT 40.00 X 176617 0 14141 ANDREA KOVACS VP FOR EM&M 40.00 X 173014 0 24422 KIERRAN BROATCH ASSISTANT VP FOR ADVANCEMENT 40.00 X 134000 0 4816 SEAN OCONNELL VP FOR ACADEMIC AFFAIRS 0.00 X 231846 0 16115 1946366 0 107109 8 1 1 0 ABLE ENGINEERING SERVICES PO BOX 884637 LOS ANGELES CA 90088 ENGINEERING 345139 ELLUCIAN COMPANY LP 62578 COLLECTIONS CENTER DR CHICAGO IL 60693 COLLEGE SOFTWARE 187220 ACADEMIC RN CONSULTANT LLC 1288 BEATTIE DR TROY MI 48085 NURSING CONSULTANTS 155000 STORBECK SEARCH LLC 1400 N PROVIDENCE RD SUITE 3500 MEDIA PA 19063 PROFESSIONAL SEARCH 127829 ABCO PO BOX 250 BRANFORD CT 06405 PRINTING DESIGN AND PHOTOGRAPHY 109725 7 127988 310365 2901862 3340215 TUITION AND FEES 611310 31653772 31653772 STUDENT SUPPORT SERVICES 611710 3367054 3317805 49249 35020826 729522 729522 358597 0 358597 358597 358597 11302575 6932243 10920236 4248152 382339 2684091 3066430 3066430 44225 127988 75764 -31539 -31539 239253 239253 239253 42723304 35210830 49249 4123010 14232362 14232362 906476 670792 9065 226619 14797518 11981782 1964499 851237 432381 346989 60284 25108 1756862 1673459 66114 17289 1283606 901889 264460 117257 200145 200145 4489943 2245087 2244856 457685 37400 399270 21015 1131070 413941 609560 107569 1664690 1369847 294843 584792 553751 27937 3104 470744 186824 283920 1117065 1117065 1839051 1772080 66971 GUARD SERVICES 943096 943096 MEMBERSHIP & DUES 323887 176498 147389 EQUIPMENT AND RENTAL MA 287183 287183 BAD DEBTS 282784 282784 48830 48830 47250170 37841810 8039162 1369198 207915 179441 963011 1603024 6098019 351500 957676 1817983 217647 165768 33612 30279 283648 164189 63698609 37437051 31400572 26261558 35463407 45523356 5236350 33667 221000 75659174 81554448 4980946 4059454 308641 832467 17479856 17056459 9204888 12987032 31974331 34935412 X 32340227 33001080 11344616 13617956 43684843 46619036 75659174 81554448 -4526866 7461059 0 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 0 PART 11-B, LINE 1, LOBBYING ACTIVITITES: ALBERTUS MAGNUS COLLEGE MAY INDIRECTLY INCUR LOBBYING EXPENSES THROUGH DUES PAID TO OTHER ORGANIZATIONS. 26235233 495153 6970871 2252892 31448365 25962284 959516 4502195 5188762 26235233 34550522 592781 -4468017 4713002 25962284 25821156 1079294 9316072 1666000 34550522 26162088 185956 2195044 2721932 25821156 0.63000 0.16000 0.21000 0 0 829826 829826 52678754 29557553 23121201 541881 251055 290826 9509743 7583869 1925874 138405 44574 93831 26261558 LOAN FUNDS REFUNDABLE 101989 LINE OF CREDIT 7572615 LEASE LIABILITIES 5312428 12987032 X 36167933 7461059 7461059 28706874 14016430 14016430 42723304 33233740 75764 75764 33157976 14092194 14092194 47250170 PART X, LINE 2: MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE COLLEGE AND HAS CONCLUDED THAT, AS OF JUNE 30, 2024 AND 2023, THERE ARE NO UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE COLLEGE'S FEDERAL INFORMATION RETURNS PRIOR TO FISCAL YEAR 2021 ARE CLOSED AND MANAGEMENT CONTINUALLY EVALUATES EXPIRING STATUES OF LIMITATION, AUDITS, PROPOSED SETTLEMENT, CHANGES IN TAX LAW AND NEW AUTHORITATIVE RULINGS. IF THE COLLEGE HAD UNRELATED BUSINESS INCOME TAXES, IT WOULD RECOGNIZE INTEREST AND PENALTIES ASSOCIATED WITH ANY TAX MATTERS AS PART OF INCOME TAX PROVISION AND INCLUDED ACCRUED INTEREST AND PENALTIES WITH THE RELATED TAX LIABILITY IN THE STATEMENTS OF FINANCIAL POSITION. PART XI, LINE 4B - OTHER ADJUSTMENTS: INSTITUTIONAL STUDENT AID 14,092,194. FUNDRAISING EXPENSES -75,764. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 75,764. PART XII, LINE 4B - OTHER ADJUSTMENTS: INSTITUTIONAL STUDENT AID 14,092,194. PART V, LINE 4: THE COLLEGE HAS ADOPTED INVESTMENT AND SPENDING POLICIES FOR ENDOWMENT ASSETS THAT ATTEMPT TO PROVIDE A PREDICTABLE STREAM OF FUNDING TO PROGRAMS SUPPORTED BY ITS ENDOWMENT WHILE SEEKING TO MAINTAIN THE PURCHASING POWER OF THE ENDOWMENT ASSETS. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 NOTED IN GENERAL PUBLICATIONS AND ADVERTISEMENTS. SCHEDULE E, PART I, LINE 6 SCHEDULE E - LINE 6A: THE COLLEGE PARTICIPATES IN FEDERAL STUDENT FINANCIAL ASSISTANCE PROGRAMS. GOLF SUMMER 27470 13945 13525 1247 6440 2105 4440 GOLF SPRING 144743 114043 30700 5085 1507 19240 18923 16777 172213 127988 44225 6332 1507 25680 21028 21217 75764 -31539 1 STUDENT FINANCIAL AID 854 14232362 FMV TUITION ASSISTANCE, FINANCIAL AID, AND BOOK AWARDS TO STUDENTS PART I, LINE 2: THE FINANCIAL AID OFFICE WORKS WITH STUDENTS IN COMPLETING THE APPLICATION FOR FINANCIAL AID. ALL AWARDS ARE SUBJECT TO ADJUSTMENT BASED ON CHANGES IN ENROLLMENT, CHANGES IN HOUSING STATUS, CHANGES IN NEED, NEED ANALYSIS, FAILURE TO MAINTAIN SATISFACTORY ACADEMIC PROGRESS AND CONFLICTING INFORMATION ON THE STUDENT LOAN DATA SYSTEM. REVISIONS ARE MADE IN A TIMELY MANNER WHEN THE FINANCIAL AID OFFICE IS NOTIFIED OF A CHANGE IN ELIGIBILITY. X 1 1 X X X X 0 0 0 0 0 0 0 1 0 MARC M CAMILLE ED D PRESIDENT/TRUSTEE 386325 0 76500 0 160837 0 7983 0 9876 0 641521 0 119131 0 LAURI STRIMKOVSKY VP FOR FINANCE 202004 0 0 0 25350 0 10419 0 11464 0 249237 0 0 0 SEAN OCONNELL VP FOR ACADEMIC AFFAIRS 99741 0 119673 0 12432 0 5083 0 11032 0 247961 0 0 0 WILLIAM ANISKOVICH DEAN OF THE TAGLIATELA SCH 204332 0 0 0 0 0 0 0 0 0 204332 0 0 0 ANDREA KOVACS VP FOR EM&M 158936 0 0 0 14078 0 7162 0 17260 0 197436 0 0 0 MARY YOUNG VP FOR ADVANCEMENT 166217 0 0 0 10400 0 5786 0 8355 0 190758 0 0 0 ANDREW FOSTER VP STUDENT AFFAIRS & DEAN OF STUDENT 163604 0 0 0 11937 0 7873 0 0 0 183414 0 0 0 PART I, LINE 1A PAYMENTS MADE FOR HOUSING ALLOWANCE ARE STIPULATED IN THE EMPLOYMENT CONTRACT OF THE PRESIDENT AND INCLUDED IN SCHEDULE J, PART II, COLUMN (B)(III). PART I, LINE 7 THE PRESIDENT RECEIVED A BONUS IN 2023 AND THE AMOUNT IS REPORTED IN PART II COL B(II). FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS REVIEWED AND APPROVED BY THE PRESIDENT, VP FOR FINANCE AND ADMINISTRATION, AND THE AUDIT, COMPLIANCE AND RISK COMMITTEE PRIOR TO PROVIDING A COPY TO THE FULL BOARD FOR THEIR REVIEW. FORM 990 IS THEN FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE PRESIDENT OF THE COLLEGE MONITORS THE RETURN OF THE CONFLICT OF INTEREST FORMS WHICH MUST BE SIGNED ANNUALLY BY ALL OFFICERS, TRUSTEES AND KEY EMPLOYEES. ANY DISCLOSED CONFLICT IS REPORTED TO THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES, ACTING AS THE COMPENSATION COMMITTEE, OVERSEES, REVIEWS AND APPROVES ALL COMPENSATION ON AN ANNUAL BASIS WITH THE ADVICE OF A COMPENSATION CONSULTANT, USING COMPARABILITY DATA AND CONTEMPORANEOUSLY DOCUMENTS THE DECISION MAKING PROCESS. FORM 990, PART VI, SECTION C, LINE 19 THE COLLEGE MAKES ITS CONFLICT OF INTEREST POLICY, ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST.