2023-05-15T15:36:15-05:00 2022-06-30 135565207 KPMG LLP 1305 WALT WHITMAN ROAD MELVILLE NY 11747 990 2021-07-01 060646623 FAIRFIELD UNIVERSITY FAIR 2032544000 1073 NORTH BENSON ROAD FAIRFIELD CT 06824 MICHAEL TRAFECANTE VP FOR FINANCE 2032544000 2023-05-12 1 MICHAEL TRAFECANTE 999009999 FELICIA R TUCKER P00505155 6314256000 2023-05-12 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z MARK R NEMEC PHD 1073 NORTH BENSON ROAD FAIRFIELD CT 06824 467502127 0 X WWW.FAIRFIELD.EDU X 1942 CT TO DEVELOP THE CREATIVE INTELLECTUAL POTENTIAL OF ITS STUDENTS, SEE SCHEDULE O. 36 35 3362 540 160362 50424 25478475 52721702 305199314 340521028 10831207 22131718 277600 519533 341786596 415893981 97686832 105436777 0 0 133123482 144130534 164782 167437 9040200 98277636 104681833 329252732 354416581 12533864 61477400 1075022921 1095002497 338725265 371263577 736297656 723738920 X A FAIRFIELD UNIVERSITY EDUCATION HAS BECOME MORE INTEGRATED IN FOCUS, MORE GLOBAL IN OUTLOOK, AND MORE INTERNATIONAL IN ITS STRUCTURE THAN EVER BEFORE IN THE JESUIT TRADITION. SEE SCHEDULE O. 0 0 252282408 105436777 280238700 HIGHER LEARNING: FAIRFIELD UNIVERSITY IS AN INSTITUTE OF HIGHER LEARNING WITH UNDERGRADUATE, GRADUATE, DOCTORATE AND CONTINUING EDUCATION ACADEMIC PROGRAMS INCLUDING STUDENTS RESIDING ON CAMPUS AND INCLUDES A COLLEGE PREPARATORY SCHOOL. SEE SCHEDULE O. 43134104 55003790 AUXILIARY SERVICES: AUXILIARY SERVICES INCLUDE THE COSTS OF ROOM AND BOARD FOR APPROXIMATELY 3,416 FULL-TIME UNDERGRADUATE STUDENTS LIVING ON CAMPUS IN RESIDENCE HALLS, TOWNHOUSES, AND APARTMENT COMPLEXES RESIDING ON A 200 ACRE CAMPUS. GRADUATE STUDENT HOUSING IS ALSO OFFERED IN INDEPENDENT OFF-CAMPUS HOUSES, AND IN APARTMENT STYLE RESIDENCE HALLS. 3884581 5191725 OTHER ACTIVITIES: A VARIETY OF STUDENT SERVICES INCLUDING ARTS AND ENTERTAINMENT AT THE QUICK CENTER, STUDENT ACTIVITIES FOR CLUB SPORTS, AND OTHER ITEMS. 299301093 1 1 0 1 0 0 1 1 0 1 1 1 0 1 1 1 1 0 1 1 1 0 1 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 1 7237 0 1 3362 1 1 1 1 IT UK 0 0 0 1 1 0 0 0 0 0 0 X 36 35 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CT X MICHAEL TRAFECANTE 2032544000 1073 NORTH BENSON ROAD FAIRFIELD CT 06824 MARK R NEMEC PRESIDENT 45.00 0.00 X X 637957 0 109733 NANCY A ALTOBELLO TRUSTEE 5.00 0.00 X 0 0 0 REV JOHN F BALDOVIN SJ TRUSTEE 1.00 0.00 X 0 0 0 KEVIN P CANNON TRUSTEE 1.00 0.00 X 0 0 0 CARLOS M CARDOSO TRUSTEE 5.00 0.00 X 0 0 0 FRANK J CARROLL III TRUSTEE 5.00 0.00 X 0 0 0 JORGE A CHILUISA TRUSTEE (AS OF 7-01-2021) 1.00 0.00 X 0 0 0 REV GEORGE E COLLINS TRUSTEE 1.00 0.00 X 0 0 0 WILLIAM C CRAGER TRUSTEE 1.00 0.00 X 0 0 0 MARY RYAN CUNNINGHAM TRUSTEE 1.00 0.00 X 0 0 0 SHEILA KEARNEY DAVIDSON TRUSTEE 5.00 0.00 X 0 0 0 CHRISTOPHER C DESMARAIS TRUSTEE 5.00 0.00 X 0 0 0 THOMAS J FANNING SR TRUSTEE 1.00 0.00 X 0 0 0 LISA M FERRARO TRUSTEE (AS OF 7-01-2021) 1.00 0.00 X 0 0 0 PATRICIA E GLASSFORD TRUSTEE 1.00 0.00 X 0 0 0 DOUGLAS W HAMMOND TRUSTEE 1.00 0.00 X 0 0 0 BRIAN P HULL TRUSTEE 1.00 0.00 X 0 0 0 REV GREGORY KALSCHEUR SJ TRUSTEE 1.00 0.00 X 0 0 0 DAGAN T KASAVANA TRUSTEE (AS OF 7-01-2021) 1.00 0.00 X 0 0 0 CLAIRE M KNOPF TRUSTEE 1.00 0.00 X 0 0 0 STEPHEN M LESSING TRUSTEE 1.00 0.00 X 0 0 0 CLINTON A LEWIS JR TRUSTEE (AS OF 7-01-2021) 1.00 0.00 X 0 0 0 SHELAGH MAHONEY-MCNAMEE TRUSTEE 1.00 0.00 X 0 0 0 ANDREW J MCMAHON TRUSTEE 5.00 0.00 X 0 0 0 KRISTIN D MCMAHON TRUSTEE 1.00 0.00 X 0 0 0 JOHN C MEDITZ TRUSTEE 5.00 0.00 X 0 0 0 ELNER L MORRELL TRUSTEE 1.00 0.00 X 0 0 0 ROBERT J MURPHY JR TRUSTEE 5.00 0.00 X 0 0 0 PHILLIP J NEUGEBAUER TRUSTEE 1.00 0.00 X 0 0 0 GAVIN G O'CONNOR TRUSTEE 1.00 0.00 X 0 0 0 BIFF J O'REILLY TRUSTEE 5.00 0.00 X 0 0 0 REV MARIO M POWELL SJ TRUSTEE (AS OF 12-02-2021) 1.00 0.00 X 0 0 0 REV STEPHEN A PRIVETT SJ TRUSTEE 5.00 0.00 X 0 0 0 CHRISTOPHER C QUICK TRUSTEE 1.00 0.00 X 0 0 0 KATIE JACOBS ROBINSON TRUSTEE 1.00 0.00 X 0 0 0 ROSELLEN WALSH SCHNURR TRUSTEE 5.00 0.00 X 0 0 0 MICHAEL TRAFECANTE TREASURER 45.00 0.00 X 327259 0 135017 KRISTINE CARROLL SECRETARY 45.00 0.00 X 74744 0 50490 DAVID FRASSINELLI VICE PRESIDENT OF FACILITIES 45.00 0.00 X 222229 0 47034 CHRISTINE SIEGEL PROVOST & SR VP ACADEMICS 45.00 0.00 X 399128 0 63370 RICHARD GREENWALD DEAN, SCHOOL OF CAS 45.00 0.00 X 247019 0 61017 WALTER HALAS VP OF ADVANCEMENT 45.00 0.00 X 379369 0 59738 JOHN YOUNG HEAD MBB COACH 45.00 0.00 X 435657 0 49876 ZHAN LI DEAN, SCHOOL OF BUSINESS 45.00 0.00 X 381282 0 34375 PAUL SCHLICKMANN DIRECTOR OF ATHLETICS 45.00 0.00 X 317857 0 64406 JONATHAN CARROL VP OF INFORMATION MGMT 45.00 0.00 X 263444 0 112907 KEVIN LAWLOR FORMER EXEC VICE PRESIDENT 0.00 0.00 X 699058 0 22803 4385003 0 810766 247 1 1 0 GILBANE BUILDING COMPANY 7 JACKSON WALKWAY PROVIDENCE RI 02903 CONSTRUCTION 30869362 ARAMARK SERVICES INC 27310 NETWORK PLACE CHICAGO IL 60673 DINING SERVICE 14819264 PAC GROUP LLC 126 SOUTH MAIN STREET TORRINGTON CT 06790 CONSTRUCTION 7519084 ABM INDUSTRY GROUP LLC 14141 SOUTHWEST FREEWAY SUITE 400 SUGRA LAND TX 77478 JANITORIAL 4804426 SODEXO OPERATIONS LLC PO BOX 352 BUFFALO NY 14240 DINING SERVICE 2413734 117 426797 12827328 39467577 7572449 52721702 TUITION & FEES 611600 280238700 280238700 AUXILIARY SERVICES 721000 55003790 55003790 OTHER PROGRAM SERVICES 900099 5189933 5189933 SUMMER CONFERENCES 900099 88605 88605 340521028 5833260 150234 5683026 811176 271946 539230 539230 -78477 617707 67159372 46400 50791172 116142 16368200 -69742 16298458 16298458 409189 426797 428886 -19697 -19697 415893981 340432423 160362 22579494 101288023 101288023 4148754 4148754 5085492 2860905 1407498 817089 101140010 81688804 15318577 4132629 6802104 5493926 1030241 277937 24201803 19547322 3665584 988897 6901125 5413108 1171871 316146 871777 15515 856262 204985 3733 201252 42 42 167437 167437 164951 164951 24057509 20407096 2717096 933317 3244885 3057319 149359 38207 6121819 3942562 1667935 511322 5180243 1416670 3605306 158267 10744583 10744583 3328058 2742231 440769 145058 333857 239210 83999 10648 11796094 9502547 2268238 25309 23405994 16197058 7071001 137935 1946851 218998 1727623 230 MAINTENANCE & EQUIPMENT 8082377 2917937 5102423 62017 STUDY ABROAD 2890130 2890130 0 0 CONSULTANTS & HONORARIA 2038969 890628 703723 444618 LIBRARY ACQUISITIONS 1100163 1049574 -125 50714 -831454 2624460 -3278337 -177577 354416581 299301093 46075288 9040200 1020 1021 87770436 95675587 29534242 36651642 2121948 2609798 0 0 0 0 0 0 0 0 0 0 814772599 318798158 461729658 495974441 366420075 322223935 102313290 83158606 0 0 0 0 25132252 58707467 1075022921 1095002497 50301480 60653175 1752346 533207 9041756 12202999 276510834 297048684 0 0 0 0 0 0 0 0 1118849 825512 338725265 371263577 X 378566883 375358221 357730773 348380699 736297656 723738920 1075022921 1095002497 X 61477400 -73926926 -109210 X 0 1 X 1 1 1 X 23956109 31852407 42763677 25478475 52721702 176772370 23956109 31852407 42763677 25478475 52721702 176772370 19471091 157301279 8509434 7971642 14130651 8353986 6494202 45459915 50424 50424 222282709 1502958882 0.70770 0.62450 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 42 42 0 PART II-B, LINE 1: FAIRFIELD UNIVERSITY MAY INDIRECTLY INCUR LOBBYING EXPENSE THROUGH DUES PAID TO OTHER ORGANIZATIONS. X 9 30.00 2 0 1 1 65.00 42500 0 0 0 X X X X 0 464604164 6900055 -51712704 4392904 7940015 113609 407344987 357051925 5229014 118628213 4158615 11999924 146449 464604164 382450518 1402417 -15169929 4530960 6958998 141123 357051925 371182676 8226618 14081047 4407492 6465466 166865 382450518 355306266 6966222 25695257 3856209 12497141 431719 371182676 0.38430 0.61570 0 0 9108009 9108009 647765615 234285473 413480142 90764141 75067828 15696313 67134834 9444857 57689977 495974441 PRIVATE EQUITY AND OTHER 43363196 F EQUITY FUNDS (NONREGISTERED) 3972 F HEDGE FUND OF FUNDS 39791438 F 83158606 DEPOSIT WITH TRUSTEES 40688887 OTHER ASSETS 5443783 ROU OPERATING LEASE ASSETS 12574797 58707467 CAPITAL LEASES 825512 825512 X 236956948 -73926926 -104845156 -178772082 415729030 164951 164951 415893981 249515684 -104735946 -104735946 354251630 164951 164951 354416581 PART III, LINE 1A: SFAS 116 (ASC 958) FOOTNOTE THE ART COLLECTIONS ARE DONATED TO THE UNIVERSITY AND NOT RECOGNIZED IN THE ASSETS OF THE BALANCE SHEET. THE AUDITED FINANCIAL STATEMENTS DO NOT HAVE A FOOTNOTE REGARDING THE COLLECTIONS. PART III, LINE 4: ORGANIZATION'S COLLECTION THE ART COLLECTIONS ARE AN IMPORTANT CULTURAL RESOURCE OF THE UNIVERSITY, PROVIDING ARTS AND ACADEMIC ENRICHMENT TO THE STUDENTS, FACULTY, LOCAL COMMUNITY, AND INTERNATIONAL SCHOLARLY COMMUNITY. THE COLLECTIONS ARE HOUSED AT THE FAIRFIELD UNIVERSITY ART MUSEUM'S THOMAS J WALSH ART GALLERY, THE BELLARMINE HALL GALLERIES AND AT VARIOUS LOCATIONS ON CAMPUS. THE COLLECTIONS AREA OF THE MUSEUM'S WEBSITE PROVIDES DIGITAL ACCESS TO THESE WORKS OF ART, AND PROVIDES ART HISTORICAL AND TECHNICAL INFORMATION ABOUT THESE OBJECTS. THE FAIRFIELD UNIVERSITY ART MUSEUM IS DEDICATED TO PRESERVING, STUDYING, AND EXHIBITING THOSE OBJECTS ENTRUSTED TO ITS CARE, WHILE NEVER LOSING SIGHT OF ITS OBLIGATION TO EDUCATE AND INSPIRE ITS MANY AUDIENCES, FOR THE GREATER ENRICHMENT OF ALL. THE MUSEUM IS OPEN TO THE PUBLIC AND FREE OF CHARGE. PART V, LINE 4: THE UNIVERSITY'S ENDOWMENT IS AN AGGREGATION OF GIFTS PROVIDED BY DONORS WITH THE REQUIREMENT THE GIFTS BE HELD IN PERPETUITY TO GENERATE EARNINGS NOW AND IN FUTURE YEARS TO SUPPORT THE UNIVERSITY'S PROGRAMS OF INSTRUCTION, RESEARCH AND PUBLIC SERVICE AND FUNDS DESIGNATED BY THE BOARD OF TRUSTEES TO FUNCTION AS ENDOWMENT. EARNINGS FROM ENDOWMENT INVESTMENTS SUPPORT SCHOLARSHIPS, CHAIRS, PROFESSORSHIPS, FELLOWSHIPS, BASIC RESEARCH, AS WELL AS ACADEMIC AND PUBLIC SERVICE PROGRAMS. THE ENDOWMENT SHOULD PROVIDE STABILITY SINCE THE PRINCIPAL IS INVESTED AND EARNINGS ARE GENERATED YEAR AFTER YEAR. NET ASSETS ASSOCIATED WITH ENDOWMENT FUNDS, INCLUDING FUNDS DESIGNATED BY THE BOARD OF TRUSTEES TO FUNCTION AS ENDOWMENTS, ARE CLASSIFIED AND REPORTED BASED ON THE EXISTENCE OR ABSENCE OF DONOR-IMPOSED RESTRICTIONS. PART X, LINE 2: THE UNIVERSITY IS A NOT-FOR-PROFIT CORPORATION AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (THE CODE) AND IS GENERALLY EXEMPT FROM INCOME TAXES ON RELATED INCOME PURSUANT TO SECTION 501(A) OF THE CODE. THE UNIVERSITY RECOGNIZES THE EFFECTS OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT OF BEING SUSTAINED. THE UNIVERSITY EVALUATES, ON AN ANNUAL BASIS, THE EFFECTS OF ANY UNCERTAIN TAX POSITIONS ON ITS FINANCIAL STATEMENTS. AS OF JUNE 30, 2022 AND 2021, THE UNIVERSITY HAS NOT IDENTIFIED OR PROVIDED FOR ANY SUCH POSITIONS. PART XI, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSE 271,945. FUNDRAISING EXPENSE 428,886. STUDENT FINANCIAL AID & SPLIT INTEREST ADJUSTMENT -105,545,987. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSE 428,886. STUDENT FINANCIAL AID -105,436,777. RENTAL EXPENSE 271,945. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 SEE SUPPLEMENTAL PAGE PART I, LINE 3 FAIRFIELD UNIVERSITY ADMITS STUDENTS OF ANY SEX, RACE, COLOR, MARITAL STATUS, SEXUAL ORIENTATION, RELIGION, AGE, NATIONAL ORIGIN OR ANCESTRY, DISABILITY OR HANDICAP TO ALL THE RIGHTS, PRIVILEGES, PROGRAMS, AND ACTIVITIES GENERALLY ACCORDED OR MADE AVAILABLE TO STUDENTS OF THE UNIVERSITY. IT DOES NOT DISCRIMINATE ON THE BASIS OF SEX, RACE, COLOR, MARITAL STATUS, SEXUAL ORIENTATION, GENDER IDENTITY, VETERAN'S STATUS, POLITICAL IDEOLOGY, RELIGION, AGE, NATIONAL ORIGIN OR ANCESTRY, DISABILITY OR HANDICAP IN ADMINISTRATION OF ITS EDUCATIONAL POLICIES, ADMISSIONS POLICIES, EMPLOYMENT POLICIES, SCHOLARSHIP AND LOAN PROGRAMS, ATHLETIC PROGRAMS, OR OTHER UNIVERSITY-ADMINISTERED PROGRAMS. THIS INFORMATION IS OUTLINED ON FAIRFIELD UNIVERSITY'S PUBLIC WEBSITE. PART I, LINE 6 FAIRFIELD UNIVERSITY RECEIVES GRANTS, AWARDS AND FINANCIAL ASSISTANCE FOR ITS STUDENTS FROM VARIOUS GOVERNMENTAL AGENCIES. THE UNIVERSITY HAS ALWAYS BEEN IN GOOD STANDING AND THE RIGHT TO RECEIVE SUCH AID HAS NEVER BEEN REVOKED OR SUSPENDED. 1 EUROPE (INCLUDING ICELAND AND GREENLAND) 2 5 PROGRAM SERVICES STUDY ABROAD PROGRAM 3083465 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES STUDY ABROAD PROGRAM 25403 EAST ASIA AND THE PACIFIC GRANTMAKING 974330 EUROPE (INCLUDING ICELAND AND GREENLAND) GRANTMAKING 1658382 MIDDLE EAST AND NORTH AFRICA GRANTMAKING 54870 NORTH AMERICA GRANTMAKING 575692 RUSSIA AND THE NEWLY INDEPENDENT STATES GRANTMAKING 165200 SOUTH AMERICA GRANTMAKING 177520 SOUTH ASIA GRANTMAKING 304800 SUB-SAHARAN AFRICA GRANTMAKING 237960 CENTRAL AMERICA AND THE CARIBBEAN INVESTMENTS 65528035 EUROPE (INCLUDING ICELAND AND GREENLAND) INVESTMENTS 2927754 2 5 0 0 2 5 6714862 68998549 75713411 SCHOLARSHIP EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 24 974330 SCHOLARSHIP EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIU 34 1658382 SCHOLARSHIP NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES 13 575692 SCHOLARSHIP SOUTH AMERICA - ARGENTINA, BOLIVIA, BRAZIL, CHILE, COLUMBIA, ECUADOR, 3 177520 SCHOLARSHIP SOUTH ASIA - AFGHANISTAN, BANGLADESH, BHUTAN, INDIA, MALDIVES, NEPAL, 6 304800 SCHOLARSHIP SUB-SAHARAN AFRICA - ANGOLA, BENIN, BOTSWANA, BURKINA FASO, 6 237960 SCHOLARSHIP MIDDLE EAST AND NORTH AFRICA - ALGERIA, BAHRAIN, DJIBOUTI, EGYPT, 2 54870 SCHOLARSHIP RUSSIA AND NEIGHBORING STATES 3 165200 1 0 1 1 1 0 PART III ACCOUNTING METHOD: PART I, LINE 1 THE UNIVERSITY HAS IN PLACE INTERNAL CONTROLS TO ENSURE AMOUNTS ARE AWARDED TO STUDENTS WHO CONTINUE TO MEET & MAINTAIN ELIGIBILITY REQUIREMENTS. THESE INTERNAL CONTROLS ARE ADMINISTRATED BY THE UNIVERSITY'S FINANCIAL AID OFFICE. PART 1, LINE 3 STUDY ABROAD PROGRAMS AND GRANTMAKING ARE REPORTED ON THE ACCRUAL METHOD. INVESTMENTS ARE REPORTED AT FAIR MARKET VALUE. SCHEDULE F - GRANTMAKING THE UNIVERSITY OFFERS FINANCIAL ASSISTANCE IN THE FORM OF LOANS, GRANTS, EMPLOYMENT (WORK STUDY) AND SCHOLARSHIPS. THE AWARDS ARE AWARDED TO STUDENTS MEETING CERTAIN ELIGIBILITY REQUIREMENTS. THE PROGRAMS ARE ADMINISTERED BY THE FINANCIAL AID OFFICE. X X X X X X 1 GREATER GIVING 1920 NE STUCKI AVE SUITE 140 HILLSBORO OR 97006 EXTERNAL WEBSITE 0 182910 10090 172820 GIVECAMPUS INC 99 M ST SE 233 WASHINGTON DC 20003 EXTERNAL WEBSITE 0 130117 15500 114617 COMMUNITY COUNSELLING 527 MADISON AVENUE 5TH FLOOR NEW YORK NY 10022 CAMPAIGN CONSULTING 0 0 120000 -120000 313027 145590 167437 CT FL NJ NY AWARDS DINNER 541884 315822 226062 43318 200642 80550 PREP AUCTION 240685 110625 130060 19241 22618 19901 1 53417 350 53067 37743 4873 835986 426797 409189 100302 223260 105324 428886 -19697 SCHEDULE G, PART I- PROFESSIONAL FUNDRAISING SERVICES - COMMUNITY COUNSELING SERVICES, A STRATEGIC FUNDRAISING FIRM, PROVIDED ON-SITE TRAININGS TO FAIRFIELD UNIVERSITY IN-HOUSE PERSONNEL ON FUNDRAISING STRATEGIES, PLANNING, MANAGING, AS WELL AS IMPLEMENTING PROGRAMS THAT ACHIEVE FUNDRAISING GOALS. THE UNIVERSITY IS UNABLE TO DETERMINE THE GROSS RECEIPTS FROM THESE ACTIVITIES. - GREATER GIVING AND GIVECAMPUS: PROVIDES AN ON-LINE PLATFORM USED AS PART OF THE UNIVERSITY'S ANNUAL FUNDRAISING ACTIVITIES. 1 INSTITUTIONAL SCHOLARSHIPS 6534 86249089 0 ATHLETIC SCHOLARSHIPS 314 6600555 0 STATE AND FEDERAL GRANTS 268 582422 0 PREP SCHOOL FINANCIAL AID 287 3402061 0 OTHER FINANCIAL AID 642 4453896 0 PART I, LINE 2: THE UNIVERSITY OFFERS FINANCIAL ASSISTANCE IN THE FORM OF LOANS, GRANTS, EMPLOYMENT (WORK STUDY) AND SCHOLARSHIPS. THE AWARDS ARE AWARDED TO STUDENTS MEETING CERTAIN ELIGIBILITY REQUIREMENTS. THE PROGRAMS ARE ADMINISTERED BY THE FINANCIAL AID OFFICE WHICH HAS VARIOUS INTERNAL CONTROLS IN PLACE TO MONITOR THE AMOUNT OFFERED TO STUDENTS. AN ANNUAL UNIFORM GUIDANCE AUDIT IS CONDUCTED FOR THE FINANCIAL AID PROGRAMS AND THE FISAP REPORT IS PREPARED ANNUALLY FOR THE DEPARTMENT OF EDUCATION. AMOUNTS OF AID AWARDED ARE CREDITED TO STUDENT ACCOUNTS AND NOT SENT DIRECTLY TO THE STUDENT. X X 1 1 X X X X 0 0 0 0 0 0 0 0 0 MARK R NEMEC PRESIDENT 500200 0 125461 0 12296 0 12299 0 97434 0 747690 0 0 0 KEVIN LAWLOR FORMER EXEC VICE PRESIDENT 565584 0 77691 0 55783 0 5099 0 17704 0 721861 0 0 0 JOHN YOUNG HEAD MBB COACH 424522 0 4250 0 6885 0 14413 0 35463 0 485533 0 0 0 CHRISTINE SIEGEL PROVOST & SR VP ACADEMICS 326628 0 72500 0 0 0 17066 0 46304 0 462498 0 0 0 MICHAEL TRAFECANTE TREASURER 277259 0 50000 0 0 0 17169 0 117848 0 462276 0 0 0 WALTER HALAS VP OF ADVANCEMENT 308734 0 65000 0 5635 0 17686 0 42052 0 439107 0 0 0 ZHAN LI DEAN, SCHOOL OF BUSINESS 323969 0 48313 0 9000 0 17243 0 17132 0 415657 0 0 0 PAUL SCHLICKMANN DIRECTOR OF ATHLETICS 273452 0 41636 0 2769 0 17692 0 46714 0 382263 0 0 0 JONATHAN CARROL VP OF INFORMATION MGMT 238944 0 24500 0 0 0 15533 0 97374 0 376351 0 0 0 RICHARD GREENWALD DEAN, SCHOOL OF CAS 235996 0 4708 0 6315 0 14951 0 46066 0 308036 0 0 0 DAVID FRASSINELLI VICE PRESIDENT OF FACILITIES 197229 0 25000 0 0 0 12738 0 34296 0 269263 0 0 0 PART I, LINE 1A THE PRESIDENT RESIDES IN A HOUSE THAT WAS DONATED TO THE UNIVERSITY SPECIFICALLY FOR THE PRESIDENT'S USE. THE HOUSE IS USED EXTENSIVELY FOR UNIVERSITY EVENTS. THE PRESIDENT LIVES IN THE HOUSE FOR THE CONVENIENCE OF THE UNIVERSITY. ALL AMOUNTS ARE INCLUDED IN NON-TAXABLE BENEFITS IN COLUMN D OF SCHEDULE J, PART II, COLUMN (D). THE UNIVERSITY PROVIDES AN APARTMENT FOR USE BY THE DEAN OF THE SCHOOL OF BUSINESS AND THE PRESIDENT OF THE SECONDARY HIGH SCHOOL. ALL AMOUNTS ARE INCLUDED IN TAXABLE INCOME. HEALTH OR SOCIAL CLUB DUES OR INITIATION FEES: THE PRESIDENT RECEIVED MEMBERSHIP TO A CLUB FOR THE PURPOSE OF ENTERTAINING POTENTIAL DONORS. ALL AMOUNTS ARE INCLUDED IN TAXABLE INCOME. A CHEFA 2016 SERIES Q-1 060806186 20774YYR2 2016-02-25 53583942 CONSTRUCT OF VAR CAMPUS FACILITIES 0 0 0 B CHEFA 2016 SERIES Q-2 060806186 20774YZH3 2016-03-30 20006907 PARTIALLY REFUND CHEFA SERIES 2008 0 0 0 C CHEFA 2017 SERIES R 060806186 20774Y3B1 2017-12-20 121950419 REFUND CHEFA SERIES O, CONSTRUCTION 0 0 0 D CHEFA 2018 SERIES S 060806186 20774Y3Y1 2018-04-04 75309545 REFUND CHEFA SERIES M & N 0 0 0 A 53583942 3138393 525083 49920466 2018 0 0 1 1 B 4010000 20006907 291476 19715431 2016 0 1 1 1 C 121950419 808952 40000000 81141467 2019 0 1 1 1 D 15735000 75309545 554389 74755156 2018 1 0 1 1 A 0 0 1 1 0 0.00000 0.00000 0.00000 0 0 1 B 0 0 1 1 1 1 0.00000 0.00000 0.00000 0 0 1 C 0 0 1 1 0 0.00000 0.00000 0.00000 0 0 1 D 0 0 1 1 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 0 1 0 0 0 0 1 B 0 0 0 1 0 0 0 0 1 C 0 1 0 0 0 0 0 0 1 D 0 1 0 0 0 0 0 0 1 A 1 B 1 C 1 D 1 SCHEDULE K, PART II, LINE 11 CHEFA 2016 SERIES Q-2 BOND: THE OTHER SPENT PROCEEDS WERE USED TO ADVANCE REFUND A PORTION OF THE SERIES M BOND ISSUE. CHEFA 2017 SERIES R BOND: THE OTHER PROCEEDS WERE USED TO REFUND SERIES O. THE REMAINING $40 MILLION WAS USED FOR THE CONSTRUCTION OF NEW JR/SR TOWNHOUSES AND RENOVATIONS OF OTHER CAMPUS FACILITIES. CHEFA 2018 SERIES S BOND: THE OTHER SPEND PROCEEDS WERE USED TO CURRENTLY REFUND THE 2008 SERIES M AND SERIES N BOND ISSUES. CHEFA 2020 SERIES T BOND: THE OTHER SPENT PROCEEDS WERE USED TO REFUND THE 2010 SERIES P BOND SERIES. PART III, LINE 3A ALL MANAGEMENT AND SERVICE CONTRACTS IN BOND FINANCED SPACE HAVE BEEN PREVIOUSLY REVIEWED BY BOND COUNSEL. THEY WERE DETERMINED TO FALL UNDER THE SAFE HARBOR PROVIDED BY REVENUE PROCEDURE 2007-17 AND WILL NOT RESULT IN PRIVATE BUSINESS USE. PART III, LINE 3C RESEARCH AGREEMENTS: RESEARCH AGREEMENTS RELATING TO THE BONDS ISSUE Q2 HAVE BEEN REVIEWED BY BOND COUNSEL TO ENSURE THEY ARE COMPLIANT WITH THE APPLICABLE SAFE HARBORS. THE RESEARCH AGREEMENTS DID NOT RESULT IN ANY PRIVATE BUSINESS USE. PART IV, LINE 2C THE DATE OF MOST RECENT REBATE CALCULATION FOR THE CHEFA 2016 SERIES Q-1 WAS FEBRUARY 25, 2021. THE DATE OF THE MOST RECENT REBATE CALCULATION FOR THE CHEFA 2016 Q-2 WAS MARCH 30, 2021. THE DATE OF THE MOST RECENT REBATE CALCULATION FOR THE CHEFA 2017 SERIES R BOND WAS DECEMBER 20, 2022. THE DATE OF THE MOST RECENT REBATE CALCULATION FOR THE CHEFA 2018 SERIES S BOND WAS APRIL 4, 2023. A CHEFA 2020 SERIES T 060806186 20775DHW5 2020-09-10 28063429 REFUND CHEFA SERIES P, CONSTRUCTION 0 0 0 B CHEFA 2022 SERIES U 060806186 20775DSTO 2022-03-17 30469568 SERIES U CONSTRUCTION 0 0 0 A 1360000 28063429 489189 9713514 6949859 10910867 1 0 0 1 B 30469568 469568 977063 29022937 0 0 0 1 A 0 0 1 1 0 0.00000 0.00000 0.00000 0 0 1 B 0 0 1 1 0 0.00000 0.00000 0.00000 0 0 1 A 0 1 0 0 0 0 0 0 1 B 0 1 0 0 0 0 0 0 1 A 1 B 1 X 195 0 APPRAISALS X 70 7017799 FMV X GIK 4 554650 FMV 3 0 0 0 PART I, LINE 1, COLUMN (C) WORKS OF ART FAIRFIELD UNIVERSITY DOES NOT REPORT AN APPRAISED VALUE FOR WORK OF ARTS IN ITS AUDITED FINANCIAL STATEMENTS. PART I, PART I, COLUMN B THE NUMBER IN SCHEDULE M, PART I, COLUMN B REPRESENTS THE NUMBER OF ITEMS CONTRIBUTED. FORM 990, PART I, LINE 1 FAIRFIELD'S MISSION IS TO DEVELOP THE CREATIVE INTELLECTUAL POTENTIAL OF ITS STUDENTS AND TO FOSTER IN THEM ETHICAL AND RELIGIOUS VALUES AND A SENSE OF SOCIAL RESPONSIBILITY. PART III, LINE 1 THE PURPOSE OF FAIRFIELD UNIVERSITY IS TO ESTABLISH, ORGANIZE, MAINTAIN AND CONDUCT AN INSTITUTION FOR INTERMEDIATE, SECONDARY, UNDERGRADUATE AND GRADUATE EDUCATION IN THE STATE OF CONNECTICUT, AND TO PERFORM SUCH OTHER WORKS OF EDUCATION, CHARITY AND RELIGION. A FAIRFIELD UNIVERSITY EDUCATION HAS BECOME MORE INTEGRATED IN FOCUS, MORE GLOBAL IN OUTLOOK, AND MORE INTENTIONAL IN ITS STRUCTURE THAN EVER BEFORE IN THE JESUIT TRADITION. WE ARE COMMITTED TO CREATING A STUDENT-FOCUSED, HOLISTIC, AND DIVERSE EDUCATIONAL ENVIRONMENT INTENDED TO EDUCATE THE WHOLE PERSON, MIND, BODY AND SPIRIT. WE WANT TO CULTIVATE IN BOTH OUR UNDERGRADUATE AND GRADUATE STUDENTS A SENSE OF COMMUNITY AND STRONG ETHICAL AND SPIRITUAL VALUES TO GUIDE THEM ON THEIR PATHS INTO THE FUTURE. COVID-19 IMPACT IN RESPONSE TO COVID-19, THE UNITED STATES CONGRESS PASSED THE CORONAVIRIS RESPONSE AND RELIEF SUPPLEMENTAL APPROPRIATIONS ACT (CRRSAA) ON DECEMBER 27, 2020 AND THE AMERICAN RESCUE PLAN (ARP) ON MARCH 11, 2021. THE UNIVERSITY RECOGNIZED $8,475,568 IN GRANT REVENUE AS A RESULT OF CRRSAA AND ARP ACTS IN FISCAL YEAR 2022. THE FUNDS WERE USED TO AWARD COVID-19 RELIEF AID TO STUDENTS, AS WELL AS, TO OFFSET COSTS INCURRED BY THE UNIVERSITY RELATED TO COVID-19. PART III, LINE 4A FAIRFIELD UNIVERSITY IS AN INSTITUTION OF HIGHER LEARNING WITH UNDERGRADUATE, GRADUATE, DOCTORATE AND CONTINUING EDUCATION ACADEMIC PROGRAMS INCLUDING STUDENTS RESIDING ON CAMPUS. FULL-TIME EQUIVALENT ENROLLMENT FOR THE 2021-2022 ACADEMIC YEAR WAS 4,525 UNDERGRADUATES AND 786 GRADUATE STUDENTS WITH APPROXIMATELY 3,416 STUDENTS LIVING IN ON-CAMPUS RESIDENCES. ALSO INCLUDED IN OUR PROGRAM SERVICES IS A SECONDARY PREPARATORY SCHOOL WITH AN ENROLLMENT OF APPROXIMATELY 761 STUDENTS. FAIRFIELD UNIVERSITY WELCOMED 1,256 MEMBERS OF THE CLASS OF 2025 AND 33 TRANSFER STUDENTS TO CAMPUS IN THE FALL OF 2021. THE CLASS OF 2025 IS A STRONG CLASS, WITH AN AVERAGE SAT SCORE OF 1310 UNDER THE NEW SCORING SYSTEM, HIGHER THAN THAT OF THE CLASS OF 2024. CONTINUED REFINEMENT OF THE FINANCIAL AID PROCESS AS WELL AS ENHANCEMENTS TO CAMPUS PROGRAMMING AND FOLLOW UP COMMUNICATION EFFORTS RESULTED IN A CLASS THAT EXCEEDED OUR BUDGETED GOALS. FAIRFIELD UNIVERSITY MOVED INTO THE CARNEGIE CLASSIFICATION OF INSTITUTIONS OF HIGHER EDUCATION'S DOCTORAL UNIVERSITIES CATEGORY AND ENTERED THE BEST NATIONAL UNIVERSITIES RANKING FOR THE FIRST TIME PLACING AMONG U.S NEWS & WORLD REPORT'S TOP 125 BEST NATIONAL UNIVERSITIES. THE UNIVERSITY WAS THE TOP-RANKED INSTITUTION AMONG SCHOOLS THAT MOVED INTO THE NATIONAL UNIVERSITIES CATEGORY, PLACING AT #115. AMONG PRIVATE INSTITUTIONS IN THE NATIONAL UNIVERSITIES CATEGORY, FAIRFIELD PLACED IN THE TOP 75. FAIRFIELD UNIVERSITY ALSO EARNED THE #29 SPOT AMONG NATIONAL UNIVERSITIES RANKED FOR BEST UNDERGRADUATE TEACHING. U.S. NEWS & WORLD REPORT ALSO RECOGNIZED FAIRFIELD AMONG THE TOP 50 FOR ALUMNI GIVING RANK, AND AMONG THE TOP 100 FOR GRADUATION AND RETENTION RATES. IN THE BEST COLLEGES FOR VETERANS CATEGORY, FAIRFIELD PLACED IN THE TOP 75. THE UNIVERSITY'S INAUGURAL YEAR ON THE BEST NATIONAL UNIVERSITIES LIST ALSO INCLUDED DISTINCTIONS AMONG SCHOOLS AND PROGRAM SPECIALTY RANKINGS. FAIRFIELD'S SCHOOL OF ENGINEERING AND MARION PECKHAM EGAN SCHOOL OF NURSING AND HEALTH STUDIES PLACED IN THE TOP 100 NATIONWIDE. FAIRFIELD'S CHARLES F. DOLAN SCHOOL OF BUSINESS' UNDERGRADUATE PROGRAMS WERE RANKED #164 ON THE BEST UNDERGRADUATE BUSINESS PROGRAMS LIST, MOVING UP TWO SPOTS FROM LAST YEAR. THE BUSINESS ANALYTICS PROGRAM WAS RANKED #15, FINANCE #21, MARKETING WAS RANKED #37, AND ACCOUNTING WAS RANKED #39. IN OTHER NATIONAL RANKINGS, THE PRINCETON REVIEW HAS ONCE AGAIN INCLUDED FAIRFIELD UNIVERSITY AMONG THE NATION'S BEST IN ITS FLAGSHIP GUIDE, THE BEST 388 COLLEGES: 2023 EDITION. ADDITIONALLY, THE EDUCATION SERVICES COMPANY PLACED FAIRFIELD AT #23 NATIONALLY ON ITS LIST OF "BEST-RUN COLLEGES." THE PRINCETON REVIEW REPORTED THE TOP 25 SCHOOLS (OF THE 388 RANKED) IN EACH OF 50 CATEGORY RANKINGS. FAIRFIELD UNIVERSITY PLACED IN THE TOP 15 PERCENT OF MORE THAN 1,500 COLLEGES AND UNIVERSITIES IN NICHE'S 2023 BEST COLLEGES IN AMERICA RANKING, AND IN THE TOP 15 PERCENT OF TOP PRIVATE UNIVERSITIES IN AMERICA. FAIRFIELD WAS ALSO RANKED IN THE TOP 10 PERCENT OF BEST VALUE COLLEGES IN AMERICA, AND BEST COLLEGE CAMPUSES IN AMERICA. IN THE SITE'S REVIEW OF BEST CATHOLIC COLLEGES, FAIRFIELD EARNED HIGH MARKS AMONG THE TOP 10 PERCENT, PLACING NO. 13 OUT OF 166 SCHOOLS. ADDITIONALLY, ON THE LIST OF BEST COLLEGES FOR NURSING IN AMERICA, FAIRFIELD WAS RANKED NO. 29 OUT OF 762 (IN THE TOP 5 PERCENT), AND IN THE TOP 5 PERCENT OF BEST COLLEGES FOR ACCOUNTING AND FINANCE IN AMERICA, AT NO. 46 OUT OF 829. STATEWIDE, FAIRFIELD EARNED THE NO. 1 SPOTS FOR BEST COLLEGES FOR ACCOUNTING AND FINANCE IN CONNECTICUT, AND BEST COLLEGES FOR NURSING IN CONNECTICUT. THE UNIVERSITY EARNED THE NO. 2 SPOT FOR BEST COLLEGE CAMPUSES IN CONNECTICUT, JUST BEHIND YALE, AND PLACED NO. 3 FOR BEST COLLEGES FOR BUSINESS IN CONNECTICUT, COLLEGES WITH THE BEST STUDENT LIFE IN CONNECTICUT, AND BEST COLLEGE LOCATIONS. FAIRFIELD WAS ALSO IN THE TOP 5 ON THE LIST OF TOP PRIVATE UNIVERSITIES IN CONNECTICUT, AND BEST COLLEGE DORMS IN CONNECTICUT. OTHER DISTINCTIONS INCLUDE PLACEMENT AMONG THE TOP 10 PERCENT OF BEST COLLEGES IN NEW YORK CITY AREA, AND TOP 15 PERCENT OF BEST VALUE COLLEGES IN NEW YORK CITY AREA. IN THE 2023 EDITION OF U.S. NEWS' ANNUAL BEST ONLINE PROGRAMS, FAIRFIELD DOLAN WAS RANKED AMONG THE TOP 75 AT #75 (T) IN THE BEST ONLINE MASTER'S IN BUSINESS PROGRAMS CATEGORY, OUT OF 211 SCHOOLS. THE SCHOOL OF EDUCATION AND HUMAN DEVELOPMENT (SEHD) WAS RANKED #124 (T) OUT OF 329 SCHOOLS IN THE BEST ONLINE MASTER'S IN EDUCATION PROGRAMS CATEGORY, FOR ITS MASTER'S IN EDUCATIONAL TECHNOLOGY PROGRAM. FORM 990, PART VI, SECTION A, LINE 2 BOARD OF TRUSTEE MEMBERS ANDREW J. MCMAHON AND KRISTIN D. MCMAHON ARE RELATED THROUGH MARRIAGE (BROTHER AND SISTER-IN-LAW). FORM 990, PART VI, SECTION B, LINE 11B IT IS THE POLICY OF FAIRFIELD UNIVERSITY THAT EACH VOTING MEMBER OF THE FINANCE AND AUDIT COMMITTEE OF THE BOARD OF TRUSTEES IS PRESENTED WITH A COPY OF THE COMPLETED IRS FORM 990 BEFORE IT IS FILED WITH THE IRS. FORM 990 IS ALSO POSTED TO THE UNIVERSITY'S BOARD OF TRUSTEE ONLINE PORTAL FOR ALL TRUSTEES TO REVIEW. FORM 990 IS REVIEWED AND APPROVED BY THE VICE PRESIDENT FOR FINANCE BEFORE IT IS FORWARDED TO THE FINANCE AND AUDIT COMMITTEE. FORM 990, PART VI, SECTION B, LINE 12C MEMBERS OF THE BOARD OF TRUSTEES ARE ASKED TO SIGN A CONFLICT OF INTEREST STATEMENT. THE STATEMENT SHALL BE SIGNED ANNUALLY BY EACH BOARD MEMBER AS A CONDITION OF MEMBERSHIP ON THE BOARD OF TRUSTEES. EACH TRUSTEE IS EXPECTED TO DISCLOSE IN WRITING TO THE CHAIRMAN OF THE BOARD ALL SITUATIONS IN WHICH CONFLICTS MIGHT EXIST OR APPEAR TO EXIST. CONFLICT OF INTEREST STATEMENTS ARE COLLECTED AND REVIEWED BY THE UNIVERSITY SECRETARY. NO TRUSTEE HAVING INTERESTS CONFLICTING WITH THE INTERESTS OF THE UNIVERSITY, OR APPEARING SO, SHALL TAKE PART IN THE DELIBERATIONS OR VOTES OF THE BOARD INVOLVING THE QUESTION CONCERNING THE CONFLICT NOR SEEK TO INFLUENCE THE OTHER TRUSTEES ON THAT QUESTION. FORM 990, PART VI, SECTION B, LINE 15 THE REVIEW PROCESS INCLUDES ALL OF THESE ELEMENTS (1) REVIEW AND APPROVAL BY THE BOARD OF TRUSTEES--COMPENSATION IS REVIEWED AND APPROVED BY THE BOARD OF TRUSTEES OF FAIRFIELD UNIVERSITY EVERY TWO YEARS, PROVIDED THAT PERSONS WITH CONFLICTS OF INTEREST WITH RESPECT TO THE COMPENSATION ARRANGEMENT AT ISSUE ARE NOT INVOLVED IN THIS REVIEW AND APPROVAL. (2) USE OF DATA AS TO COMPARABLE COMPENSATION--THE COMPENSATION OF THE PERSON IS REVIEWED AND APPROVED USING DATA AS TO COMPARABLE COMPENSATION FOR SIMILARLY QUALIFIED PERSONS IN FUNCTIONALLY COMPARABLE POSITIONS AT SIMILARLY SITUATED UNIVERSITIES. THE FOLLOWING METHODS HAVE BEEN USED: A. REVIEW BY AN INDEPENDENT THIRD PARTY; B. CONDUCT MARKET ASSESSMENT OF SALARIES; AND C. EVALUATE THE APPROPRIATENESS OF THE CURRENT SALARY STRUCTURE TO ENSURE THAT WE ARE AND REMAIN COMPETITIVE WITH THE MARKET, AS WELL AS REMAIN INTERNALLY EQUITABLE. (3) CONTEMPORANEOUS DOCUMENTATION AND RECORDKEEPING--THERE IS CONTEMPORANEOUS DOCUMENTATION AND RECORD KEEPING WITH RESPECT TO THE DELIBERATIONS AND DECISIONS REGARDING THE COMPENSATION ARRANGEMENT. COMPENSATION ARRANGEMENT THE LAST TIME OF REVIEW WAS APRIL 2022. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS SUCH AS FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICY AND WHISTLEBLOWER POLICY ARE AVAILABLE ON THE UNIVERSITY'S WEBSITE AND ALSO BY REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN SPLIT INTEREST AGREEMENT -109,210.