2025-05-15T10:43:43+00:00 2024-06-30 440160260 Forvis Mazars LLP 111 E Wayne Street Suite 600 Fort Wayne IN 46802 990 2023-07-01 060776644 SACRED HEART UNIVERSITY INCORPORATED SACR 2033968223 5151 PARK AVENUE FAIRFIELD CT 06825 JOHN PETILLO PRESIDENT 2033968223 2025-05-15 true true Lauren Denton P01571860 2604604000 2025-05-15 2023 2025-03-06 01:10:19Z JOHN PETILLO 5151 PARK AVENUE FAIRFIELD CT 06825 584272332 false X WWW.SACREDHEART.EDU X 1963 CT THE 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. 28 26 5867 150 8394564 0 23827438 19690924 471698261 501559365 13504882 18918100 10371 -198203 509040952 539970186 124369238 136434867 0 0 148539091 158476811 522502 307050 4148593 151192281 163926081 424623112 459144809 84417840 80825377 1356203738 1450684018 588582233 571042177 767621505 879641841 X AT 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. THE UNIVERSITY IS A CO-EDUCATION 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. false false 136434867 136434867 0 Sacred Heart University's Student Financial Assistance Office is dedicated to helping students and their families find the most affordable options for attending college. Full-time undergraduate students can access two main types of financial assistance: (1) traditional merit- or need-based aid, and (2) a variety of other resources available to all families, regardless of eligibility for traditional aid. Part-time undergraduate and graduate students may also qualify for several financial assistance options. 130439318 0 415684901 SACRED HEART CONTINUES TO OFFER A BROAD ARRAY OF UNDERGRADUATE AND GRADUATE PROGRAMS. REGARDLESS OF WHICH UNDERGRADUATE OR GRADUATE PROGRAM IS CHOSEN, OUR FOCUS ON ACADEMIC OPPORTUNITIES - ROOTED IN THE CATHOLIC INTELLECTUAL TRADITION AND THE PRINCIPLES OF ENGAGED LEARNING - PROVIDES EACH STUDENT WITH A RICH, PERSONALIZED EDUCATIONAL EXPERIENCE. 70495698 0 5224379 SACRED HEART UNIVERSITY IS COMMITTED TO MEETING THE NEEDS OF ITS DIVERSE STUDENT BODY BY OFFERING A WIDE RANGE OF SERVICES DESIGNED TO SUPPORT STUDENT SUCCESS. THROUGH ACADEMIC ADVISING, STUDENT LIFE, CAREER SERVICES, THE STUDENT SUCCESS CENTER, THE OFFICE OF ACCESSIBILITY, AND THE MAUREEN HAMILTON WELLNESS CENTER, THE UNIVERSITY PROVIDES RESOURCES THAT ALIGN WITH ITS MISSION. IN ADDITION, THE UNIVERSITY PROMOTES ACTIVE, ENGAGED LEARNING BEYOND THE CLASSROOM. OUR ATHLETICS PROGRAMS ARE ABOUT MORE THAN COMPETITION-THEY ARE ROOTED IN A TRADITION OF HELPING STUDENT-ATHLETES REACH THEIR FULL POTENTIAL, BUILD STRONG CHARACTER, EMPOWER THEIR MINDS, AND DEVELOP SELF-CONFIDENCE AND LEADERSHIP SKILLS. 71495408 0 80650085 AUXILIARY ENTERPRISES AND OTHER MISCELLANEOUS SERVICES USED TO SUPPORT THE PURPOSE AND MISSION OF SACRED HEART UNIVERSITY. 71495408 80650085 408865291 true true false true false false true false true true false false false true true false true true true true false false true true false false true true true true false false false false false false true false false false true false false false true false false false false true X 13430 0 true 5867 true true true true EI false false false true true false false false false true false X 28 26 false false false false false false false true true false true true false true true true true true true true false X PETER WARD 2033968223 5151 PARK AVENUE FAIRFIELD CT 06825 Christopher K McLeod LEFT 923 Treasurer 1.0 0.0 X X 0 0 0 Gary Levin Vice Chairman 1.0 0.0 X X 0 0 0 John J Petillo PhD President 35.0 0.0 X X 1350863 0 125732 John Vazquez CHAIRMAN 1.0 0.0 X X 0 0 0 Linda McMahon Start 923 Treasurer 1.0 0.0 X X 0 0 0 Susan Davis RN EDD FACHE SECRETARY 1.0 0.0 X X 0 0 0 Cory Robinson Trustee 1.0 0.0 X 0 0 0 Dominick Ferro Trustee 1.0 0.0 X 0 0 0 Douglas Kennedy Trustee 1.0 0.0 X 0 0 0 Eric Wood EdD Trustee 1.0 0.0 X 0 0 0 Frank Martire Trustee 1.0 0.0 X 0 0 0 James Morley Jr Trustee 1.0 0.0 X 0 0 0 John Cofini Trustee 1.0 0.0 X 0 0 0 Julie Bonacio Trustee 1.0 0.0 X 0 0 0 Kathleen Boozang Trustee 1.0 0.0 X 0 0 0 Keith McCullough Trustee 1.0 0.0 X 0 0 0 Kenneth Siegel JD Trustee 1.0 0.0 X 0 0 0 Madeline Serpico Trustee 1.0 0.0 X 0 0 0 Mary-Ann Bunting Trustee 1.0 0.0 X 0 0 0 Morgan Ford Trustee 1.0 0.0 X 0 0 0 Nicholas Patino Trustee 1.0 0.0 X 0 0 0 Pamela Miller Trustee 1.0 0.0 X 0 0 0 Patrick Carolan MD Trustee 1.0 0.0 X 0 0 0 Patrick Maggitti PhD Trustee 1.0 0.0 X 0 0 0 Pauline Spinelli Trustee 1.0 0.0 X 0 0 0 Suzanne Greco Trustee 1.0 0.0 X 0 0 0 Thomas Scrivo Trustee 1.0 0.0 X 0 0 0 William Mitchell Trustee 1.0 0.0 X 0 0 0 Michael Larobina ESQ General Counsel 35.0 0.0 X 342872 0 47022 Peter Ward Sr Vice President for Finance 35.0 0.0 X 391609 0 67622 Robin Cautin Provost 35.0 0.0 X 423837 0 81117 James Barquinero Senior VP Enrollment & Athletics 35.0 0.0 X 497431 0 64252 Michael Iannazzi Sr Vice President for Administration 35.0 0.0 X 388365 0 38159 Paul Sutera Sr VP for University Advancement 35.0 0.0 X 421611 0 33640 Robert M Hardy Vice President of Human Resources 35.0 0.0 X 375792 0 51772 Ann McCabe Dean 35.0 0.0 X 228409 0 11244 Karen Daley Dean 35.0 0.0 X 343468 0 46474 Marc Izzo VP of Construction & Facilities 35.0 0.0 X 253504 0 33006 Maura Iversen Dean 35.0 0.0 X 448234 0 28447 Shirley Canaan VP of Info Technology 35.0 0.0 X 294674 0 37023 5760669 0 665510 355 false true false Compass Group USA Inc PO Box 91337 Chicago IL 606931853 Food services 21122610 Southeast Service Corporation 2400 Yorkmont Road Charlotte NC 28217 Janitorial Services 6495461 The S-L-A-M Collaborative Inc 80 Glastonbury Blvd Glastonbury CT 06033 Architectural Services 2976435 Wiley Edu LLC 851 Trafalgar Court Suite 420W Maitland FL 32751 Online Education Services 2685118 DATTCO Inc 583 South St New Britain CT 06051 Transportation Services 2349932 114 1685289 7540377 10465258 122510 19690924 TUITION AND FEES 611310 415684901 415684901 AUXILIARY ACTIVITIES 611310 75850869 68068802 7782067 OTHER INCOME 900099 6612855 6000529 612326 PITT CENTER&ATHLETICS 611620 3410740 3410740 0 0 0 0 501559365 18806489 171 18806318 455282 357928 97354 0 97354 97354 43439086 43327475 111611 0 111611 111611 321186 1685289 616743 -295557 -295557 0 0 0 0 0 539970186 493164972 8394564 18719726 136434867 136434867 4545196 766158 3779038 118557432 103071396 13125068 2360968 6594385 5672022 783189 139174 20638493 17412283 2851252 374958 8141305 7021849 947879 171577 382063 382063 214808 14493 200315 307050 307050 863116 863116 35556309 32167889 3211148 177272 2109777 533985 1546676 29116 8363162 5863125 2099626 400411 5165089 2246501 2871994 46594 14595821 13159168 1408428 28225 12686417 12080208 520962 85247 597792 471467 119173 7152 13332225 12388715 943510 26044451 23103858 2940593 3372376 801020 2571356 Contract Services 22728151 20630784 2097367 Minor Equipment Furniture 7492906 5704931 1784445 3530 Repairs and Maintenance 5485459 4879965 605494 INDIRECT COSTS/AID IN EXCESS OF TUITION/OTHER 2812467 2560549 251918 2123692 1880058 226315 17319 459144809 408865291 46130925 4148593 137896900 93640781 8200597 5563050 610272 1978499 0 0 6458215 7970747 1176715394 329941630 794681370 846773764 241898602 348484076 49631345 53835804 0 23430317 21047328 93396120 71389969 1356203738 1450684018 62939046 59174876 57532078 61694817 428023075 415062550 0 40088034 35109934 588582233 571042177 X 706504591 815610537 61116914 64031304 767621505 879641841 1356203738 1450684018 X 80825377 30870399 324560 X false true X true true true X 17624249 24155650 38218815 23827436 19989495 123815645 0 0 17624249 24155650 38218815 23827436 19989495 123815645 2454211 121361434 5525695 4867270 9250622 14805863 19261600 53711050 0 0 0 0 0 0 0 177526695 2140021068 0.6836 0.7304 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false false false true 0 0 false Schedule C, Part II-B, Line 1 DETAILED DESCRIPTION OF THE LOBBYING ACTIVITY Sacred Heart University does not employ lobbyists, as defined by state statute, as paid staff, or management. However, some employees engage with government officials and agencies for purposes unrelated to influencing legislation or public opinion on legislative matters or referenda. Occasionally, this includes providing testimony before legislative committees on higher education issues in Connecticut. Additionally, the university pays membership dues to NACUBO and CCIC, a portion of which supports various advocacy efforts. 1690671 X false 269446297 11804822 36769605 1147619 316873105 240059029 10533330 20343977 1490039 269446297 247117996 12157924 -18106647 1110244 240059029 191568286 8816292 47746818 1013400 247117996 178215437 12638158 5611837 4897146 191568286 0.8449 0.0942 0.0609 false false 70976955 70976955 821538691 171419522 650119169 94273716 55185706 39088010 94675487 77716294 16959193 95250545 25620108 69630437 846773764 GOVERNMENT GRANTS REFUNDABLE - STUDENT LOANS 15127 LEASE LIABILITY 21629810 Taxable Bonds 13464997 35109934 X 434841833 30870399 1299231 32169630 402672203 137297983 137297983 539970186 322821497 974671 974671 321846826 137297983 137297983 459144809 Schedule D, 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 unrelated to its exempt purpose. The University recognizes the effect of income tax positions only if those positions are likely to be sustained. No provision for income taxes was required for fiscal year 2024 or 2023. Schedule D, Part III, Line 4 Collections of art - description of collections 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. Schedule D, Part V, Line 4 Intended uses of endowment funds THE UNIVERSITY USES THE FUNDS FOR STUDENT SCHOLARSHIPS, TO PROVIDE EDUCATIONAL AND SUPPORT SERVICES, AND TO MAINTAIN AND EXPAND THE UNIVERSITY CAPITAL INFRASTRUCTURE IN ORDER TO SUSTAIN THE UNIVERSITY'S FINANCIAL STABILITY. Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote MANAGEMENT HAS EVALUATED THEIR INCOME TAX POSITIONS UNDER THE GUIDANCE INCLUDED IN ASC 740. BASED ON THEIR REVIEW, MANAGEMENT HAS NOT IDENTIFIED ANY MATERIAL UNCERTAIN TAX POSITIONS TO BE RECORDED OR DISCLOSED IN THE FINANCIAL STATEMENTS. Schedule D, Part XI, Line 2(d) Other revenues in audited financial statements not in form 990 Change in the Value of Interest Rate Swaps - 324560 Rental Expenses - 357928 Fundraising Expenses - 616743 Schedule D, Part XI, Line 4(b) Other revenues in form 990 not in audited financial statements Student Aid - XXX-XX-XXXX Resident Hall Aux - 2445655 Investment Expense - 863116 Schedule D, Part XII, Line 2(d) Other expenses in audited financial statements not in form 990 Rental Expenses - 357928 Fundraising Expenses - 616743 Schedule D, Part XII, Line 4(b) Other expenses in form 990 not in audited financial statements Student Aid Reclass - XXX-XX-XXXX Redisent Hall Aux - 2445655 Investment Expense - 863116 true true true true true true true false false false false false false false false true false true Schedule E, Part I, Line 3 RACIALLY NONDISCRIMINATORY POLICY SACRED 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 6(a) FINANCIAL AID OR ASSISTANCE FROM A GOVERNMENT SACRED 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. Europe (Including Iceland and Greenland) 1 18 Program Services Educational 3009160 Central America and the Caribbean 0 0 Program Services,Mission Related Trips Educational 46673 East Asia and the Pacific 0 0 Program Services Educational 14715 Central America and the Caribbean 0 0 Investments 34262807 Europe (Including Iceland and Greenland) 0 0 Investments 13764211 1 18 0 0 1 18 51097566 0 51097566 true false true true true true Schedule F, Part I, Line 3 Method used to account for expenditures on org's financial statements CENTRAL AMERICA AND THE CARIBBEAN-Accrual,; EAST ASIA AND THE PACIFIC-Accrual; EUROPE (INCLUDING ICELAND AND GREENLAND)-Accrual X X X X X X X true The Stelter Company 10435 New York Ave Des Moines IA 50322 Fundraising Consulting false 9466 -9466 Lka Fundraising & Communications Inc 4800 S Macadam Ave Ste 135 Portland OR 97239 Fundraising Consulting false 50780 -50780 McAllister & Quinn LLC 1625 Eye St NW Ste 750 Washington DE 20006 Fundraising Consulting false 121200 -121200 Premier Sports Advisors Llc 76 Szost Drive Fairfield CT 06824 Fundraising Consulting false 74534 -74534 Snyder Group Inc 5 River Rd st 318 Wilton CT 06897 Fundraising Consulting false 45750 -45750 Falcom Fundraising Inc 1690 Watertower Place Suite 400A East Lansing MI 48823 Fundraising Consulting false 5320 -5320 0 307050 -307050 CA CT IN KS KY NJ NY NC OR Pioneer Scholarship Gala 621581 542081 79500 55516 12097 92308 SHU Invitational 452000 384734 67266 43586 12141 29911 625 63341 7 932894 758474 174420 9119 44008 146646 2500 104945 2006475 1685289 321186 52705 56149 232073 15222 260594 616743 -295557 true Federal Aid 654 564042 State Aid 10 30000 Residence hall assistant waivers & awards 569 2445655 Other scholarships which are needs based or based on athletic or academic talents 5584 133800414 Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds. THE THREE AREAS OF FINANCIAL ASSISTANCE TO STUDENTS ARE LOANS, GRANTS AND EMPLOYMENT (WORK STUDY). THESE ARE GENERALLY AWARDED 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. X true true X X X X X true false false true false true false true true false John J Petillo PhD President 676677 0 660019 0 14167 0 26400 0 99332 0 1476595 0 0 0 Robin Cautin Provost 315449 0 104889 0 3499 0 34791 0 46326 0 504954 0 0 0 Peter Ward Sr Vice President for Finance 255817 0 119022 0 16770 0 35922 0 31700 0 459231 0 0 0 Michael Larobina ESQ General Counsel 256786 0 81857 0 4229 0 32782 0 14240 0 389894 0 0 0 James Barquinero Senior VP Enrollment & Athletics 337439 0 97989 0 62003 0 34239 0 30013 0 561683 0 0 0 Paul Sutera Sr VP for University Advancement 321405 0 99046 0 1160 0 33640 0 0 0 455251 0 0 0 Robert M Hardy Vice President of Human Resources 257156 0 115072 0 3564 0 35606 0 16166 0 427564 0 0 0 Michael Iannazzi Sr Vice President for Administration 240306 0 136225 0 11834 0 24919 0 13240 0 426524 0 0 0 Maura Iversen Dean 254632 0 70000 0 123602 0 17682 0 10765 0 476681 0 0 0 Karen Daley Dean 228445 0 111416 0 3607 0 19142 0 27332 0 389942 0 0 0 Shirley Canaan VP of Info Technology 222200 0 69041 0 3433 0 22783 0 14240 0 331697 0 0 0 Marc Izzo VP of Construction & Facilities 193031 0 58991 0 1482 0 19766 0 13240 0 286510 0 0 0 Ann McCabe Dean 67568 0 0 0 160841 0 4406 0 6838 0 239653 0 0 0 Schedule J, Part I, Line 1a Housing allowance or residence for personal use THE 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. Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation COMPENSATION 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. Schedule J, Part I, Line 4a Severance or change-of-control payment THE DEANS, ANN MCCABE AND MAURA IVERSEN, RECIEVED A SEVERANCE PAYMENT. Schedule J, Part I, Line 5a Compensation contingent on revenues of the organization BONUSES ARE PAID TO SENIOR STAFF MEMBERS BASED IN PART ON ACHIEVING BUDGETED REVENUE GOALS. Schedule J, Part I, Line 6a Compensation contingent on net earnings of the organization BONUSES 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. Schedule J, Part I, Line 7 Non-fixed payments THERE 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. Schedule J, Part I, Line 8 Payments on contract that is subject to the initial contract exception THE FOLLOWING INDIVIDUALS LISTED ON FORM 990, PART VII RECEIVED COMPENSATION THAT WAS PAID PURSUANT TO AN INITIAL CONTRACT WITH THE UNIVERSITY: - ROBIN CAUTIN, PROVOST - PAUL SUTERA - SR. VICE PRESIDENT FOR UNIVERSITY ADVANCEMENT - SHIRLEY CANAAN - VICE PRESIDENT OF INFO TECHNOLOGY - PETER WARD - SR. VICE PRESIDENT FOR FINANCE A SACRED HEART UNIVERSITY - SERIES I-1 060776644 20774y2c0 2017-11-22 157271506 REFUNDING AND DEFEASANCE OF SERIES H, SETTLE LOC, CONSTRUCTION. false false false B SACRED HEART UNIVERSITY - SERIES J-1 060776644 2017-11-22 53465000 REFUNDING AND DEFEASANCE OF EARLIER SERIES F AND PORTION OF SERIES G. false false false C SACRED HEART UNIVERSITY - SERIES K 060776644 20775DJT0 2002-09-22 150439692 CONSTRUCTION PROJECTS INCLUDING RESIDENTIAL HOUSING. false false false D SACRED HEART UNIVERSITY - SERIES L 060776644 20775DTR3 2022-04-19 112608678 CONSTRUCTION PROJECTS INCLUDING RESIDENTIAL HOUSING AND ACADEMIC FACILITIES RENOVATION/EXPANSION. false false false A 21925000 157271506 1035765 50463737 105772004 2019 true false true true B 13613210 53465000 372301 53092699 true false true true C 8185000 150439692 992749 149446943 2021 false false true true D 1470000 112608678 856786 81726334 30025558 false false false true A false false true true false 0.0073 0.0073 false false true B false false true true false 0.0002 0.0002 false false true C false false true true false 0.0 0.0 false false true D false false true true false 0.0 0.0 false false true A false false false true false false false false true B false false false true true true M&T BANK 19.6 true false false false true C false true false true false false false false true D false true false true false false false false true A true B true C true D true Schedule K, Part IV, Line 2c SERIES 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, Line 2c SERIES 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, Line 2c SCHEDULE K CALCULATION WILL NOT BE DUE UNTIL 9/22/2025. Schedule K, Part IV, Line 2c SERIES L CALCULATION WILL NOT BE DUE UNTIL 4/19/2027. Schedule K, Part IV, Line 2c COLUMN A Issuer name: SACRED HEART UNIVERSITY - SERIES I-1 The calculation for computing no rebate due was performed on 11/22/2022 Schedule K, Part IV, Line 2c COLUMN B Issuer name: SACRED HEART UNIVERSITY - SERIES J-1 The calculation for computing no rebate due was performed on 11/22/2022 12500 GRANT AND OTHER FINANCIAL AID X 19 122510 Market value 0 false false false Schedule M, Part I, Line 1 NUMBER OF CONTRIBUTIONS REPRESENTS THE NUMBER OF ITEMS CONTRIBUTED. Form 990, Part III, Line 4d Description of other program services (Expenses $ 71,495,408 including grants of $ 0)(Revenue $ 80,650,085) AUXILIARY ENTERPRISES AND OTHER MISCELLANEOUS SERVICES USED TO SUPPORT THE PURPOSE AND MISSION OF SACRED HEART UNIVERSITY. Form 990, Part VI, Line 11b Review of form 990 by governing body THE 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 SR 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, Line 12c Conflict of interest policy EVERY 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, Line 15a Process to establish compensation of top management official COMPENSATION 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. Form 990, Part VI, Line 15b Process to establish compensation of other employees 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, Line 19 Required documents available to the public GUIDESTAR.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 Other changes in net assets or fund balances CHANGE IN THE VALUE OF INTEREST RATE SWAPS - 324560; Schedule F, Part I, Line 3 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 EXPERIMENTAL 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. Schedule F, Part I, Line 3(d) INVESTMENTS INCLUDED IN THIS SECTION RELATE TO INVESTMENT HOLDINGS INCLUDED IN THE UNIVERSITY'S ENDOWMENT PORTFOLIO. Coram Lane LLC 5151 Park Avenue Fairfield CT 06825 475563897 Great River Golf Club CT 13695 5067068 SACRED HEART UNIVERISTY SACRED HEART CAMPUS IN DINGLE THE MALL DINGLE CO KERRY EI CURRICULM EXPANSION EI 3286134 9306187 SACRED HEART UNIVERSITY