2023-05-17T20:38:16-05:00 2022-06-30 GRANT THORNTON LLP 757 THIRD AVENUE NEW YORK NY 10017 990 2021-07-01 221500645 Seton Hall University % DONNA M MCMONAGLE SETO 9737619318 400 South Orange Avenue South Orange NJ 07079 Donna M McMonagle VP Finance & CFO 9737619343 2023-05-12 true Donna M McMonagle 999009999 DANIEL ROMANO PARTNER P00504182 2125429609 2023-05-12 2 2021 2023-04-26 12:10:37Z Joseph E Nyre PhD 400 South Orange Avenue South Orange NJ 07079 633815000 false 0928 X www.shu.edu X 1856 NJ SETON HALL UNIVERSITY IS A CATHOLIC INSTITUTION OF HIGHER EDUCATION 37 30 3683 715 1265000 0 56312000 70128000 393124000 428763000 14634000 10526000 8964000 17108000 473034000 526525000 174289000 194549000 0 0 178191000 182328000 0 0 8793000 115961000 132199000 468441000 509076000 4593000 17449000 890349000 868383000 384818000 388698000 505531000 479685000 X SEE SCHEDULE O false false 337664000 180920000 432839000 Educational - Seton Hall University operates to provide baccalaureate, masters, and doctoral degrees. Day and evening sessions accommodate both commuter and residential students on a part-time and full time basis. 102552000 12946000 10442000 Academic Support and Student Services - Academic Support provides support services, such as libraries, academic technology, faculty curriculum development, for its primary missions of instruction, research and public service. Student services provide various services to students, such as counseling, career guidance, financial aid, student records, health services and transportation, which contribute to the students' emotional and physical well-being and to their intellectual, cultural and social development outside the context of the University's formal instructional programs. 9630000 683000 Research, Training & Public Services - Enables faculty to explore new areas of education, learning and knowledge and provides non-instructional services to individuals and groups external to the University. The University also offers financial support to students through academic scholarships and work-study programs, which are funded by federal, state and private grants. 449846000 true true false true false false false true false true true true false true true true true false true true true false false false true false false true true true true false false false false false true true false true false true true false false false true false false false true 498 0 true 3683 true true true true LU false false false true true false false false false true false X 37 30 false false false false false true true true true false false true true true true true true true true false X X X DONNA M MCMONAGLE 9737619343 400 SOUTH ORANGE AVENUE South Orange NJ 07079 X Kevin Willard Head Coach Men's Basketball 60.0 0.0 X 2601083 0 72675 Joseph E Nyre PhD President/CEO/Regent/Trustee 60.0 0.0 X X 1746407 0 88875 Patrick G Lyons MBA Executive VP & Chief of Staff 60.0 0.0 X 775169 0 139822 Katia PasseriniPhD Executive VP and Provost 50.0 0.0 X 457429 0 64097 Alyssa McCloud PhD Sr.VP Enrollment Management 50.0 0.0 X 407737 0 77198 Anthony J Bozzella Head Coach Women's Basketball 60.0 0.0 X 409946 0 63031 Kathleen BoozangJDLLM Dean, School of Law 45.0 0.0 X 418339 0 36861 Jon Paparsenos VP Univ.Advancement 50.0 0.0 X 362549 0 72078 Kimberly ACapadonaEsq General Counsel 50.0 0.0 X 348024 0 68594 Stephen A Graham MBA VP Finance & CFO (Thru 9/21) 50.0 0.0 X 354079 0 47905 Stephen JLubbenJDPhD Law School Professor 45.0 0.0 X 304536 0 61987 Bryan Felt MA Athletics Director 45.0 0.0 X 325621 0 28120 Joyce A StrawserPhD Dean, Stillman School Business 45.0 0.0 X 290129 0 59995 Matthew Borowick MBA VP University Relations 50.0 0.0 X 283887 0 59571 Brian B Shulman PhD Dean, School Health & Medical 45.0 0.0 X 297839 0 36861 John Buschman DLS Dean of University Libraries 45.0 0.0 X 260330 0 49076 Peter WShoemakerPhD Dean College of A&S(Thru 8/21) 45.0 0.0 X 230414 0 62084 Karen E Boroff PhD Former Interim Provost 45.0 0.0 X 238308 0 47802 Robert McLaughlin Interim VP Fin.&CFO(Thru 3/22) 50.0 0.0 X 242824 0 23525 Shawna Cooper-Gibson EdD VP Student Services,(Thru 8/21 50.0 0.0 X 201594 0 25427 Monica Burnette PhD VP Student Services 50.0 0.0 X 155739 0 58779 Michele Nelson PhD VP Board Affairs & Strategy 50.0 0.0 X 142942 0 56142 Rev Colin Kay M Div VP for Mission & Ministry 50.0 0.0 X 67252 0 78212 Tracy H GottliebPhD Former VP Student Services 45.0 0.0 X 108972 0 36133 Msgr Joseph R Reilly Trustee/Rector/Dean 45.0 0.0 X 38803 0 78014 Robin LCunninghamEdS Former Int. VP Stud. Serv. 45.0 0.0 X 103894 0 12660 Rev Gerald JBuonopane Regent/Trustee/Sr. Lecturer 45.0 0.0 X 34622 0 78185 Msgr Peter Smutelovic Trustee 1.0 0.0 X 0 0 65880 Rev John J Chadwick Regent/Trustee 45.0 0.0 X 1000 0 2023 Cardinal Joseph WTobin C SsR Regent/Trustee 1.0 0.0 X 0 0 0 Most Rev Kurt R Burnette Regent/Trustee 1.0 0.0 X 0 0 0 Most Rev James F Checchio Regent 1.0 0.0 X 0 0 0 Most Rev Dennis J Sullivan Regent 1.0 0.0 X 0 0 0 Sr Margaret StallmeyerCDP Regent/Trustee 1.0 0.0 X 0 0 0 Kevin H Marino Esq Regent/Trustee 1.0 0.0 X 0 0 0 Mary Ann Christopher Regent 1.0 0.0 X 0 0 0 Mark E Ganton Regent 1.0 0.0 X 0 0 0 Robert J Sloan Regent/Trustee 1.0 0.0 X 0 0 0 James E Collins Regent 1.0 0.0 X 0 0 0 Henry F D'Alessandro Regent/Trustee 1.0 0.0 X 0 0 0 Robert S Basso Regent 1.0 0.0 X 0 0 0 Robert B Budelman Esq Trustee 1.0 0.0 X 0 0 0 Edward C Cerny Regent 1.0 0.0 X 0 0 0 David L Flood Regent 1.0 0.0 X 0 0 0 Robert C Garrett Regent 1.0 0.0 X 0 0 0 Richard A Giuditta Jr Regent 1.0 0.0 X 0 0 0 Anthony Masherelli Regent 1.0 0.0 X 0 0 0 Richard C McMahon Regent 1.0 0.0 X 0 0 0 John F Swift Regent 1.0 0.0 X 0 0 0 Stephen G Waldis Regent 1.0 0.0 X 0 0 0 Matthew W Wright Regent/Trustee 1.0 0.0 X 0 0 0 James T Boyle Jr Regent 1.0 0.0 X 0 0 0 Kevin P Flood Regent 1.0 0.0 X 0 0 0 Leo J Zatta Regent/Trustee 1.0 0.0 X 0 0 0 Most Rev Kevin J Sweeney Regent 1.0 0.0 X 0 0 0 Sr Sharon A Euart RSM Trustee 1.0 0.0 X 0 0 0 Sr Maureen Shaughnessy SC Trustee 1.0 0.0 X 0 0 0 Stephen P Loughrey Regent 1.0 0.0 X 0 0 0 Michael J Lucciola Regent 1.0 0.0 X 0 0 0 Kevin J McMahon Regent 1.0 0.0 X 0 0 0 Gerard H Hanson Esq Regent 1.0 0.0 X 0 0 0 Donna M McMonagle VP Finance & CFO(start 3/28/22 50.0 0.0 X 0 0 0 11069952 0 1492864 361 true true false Gourmet Dining LLC 400 South Orange Avenue SOUTH ORANGE NJ 07079 Food Services 8301150 Joseph A Natoli Construction Corpor 293 Changebridge Rd PINE BROOK NJ 070589513 General Contracting 5731803 Torcon Inc 328 Newman Springs Road STE 5 RED BANK NJ 077015685 General Contracting 5630389 Atalian Global Services 417 Fifth Avenue 9th Floor NEW YORK NY 10016 Housekeeping 4169264 Securitas Security PO Box 403412 ATLANTA GA 303843412 Security 1954084 98 419000 50746000 18963000 1245000 70128000 TUITION & FEES 900099 393283000 393283000 ROOM AND BOARD 900099 35480000 35480000 428763000 2760000 708000 2052000 -444000 -444000 161000 161000 94000 13000 81000 0 81000 81000 114877000 260000 105123000 1804000 9754000 -1544000 8210000 8210000 321000 419000 350000 -29000 -29000 0 0 0 0 0 0 NCAA/CONFERENCE DISTRIBUTIONS 900099 5017000 5017000 ATHLETIC REVENUE 900099 5425000 5425000 PARKING 812930 1383000 1383000 5070000 4076000 557000 437000 16895000 526525000 443281000 1265000 11851000 1138000 1138000 193411000 193411000 0 0 7581000 3254000 2987000 1340000 810000 810000 127803000 109671000 13563000 4569000 7791000 6683000 829000 279000 29078000 23603000 4216000 1259000 9265000 7957000 978000 330000 173000 154000 19000 696000 6000 690000 265000 265000 233000 233000 0 4242000 4242000 33201000 29788000 3011000 402000 1944000 1340000 591000 13000 7928000 5286000 2315000 327000 6022000 1750000 4264000 8000 0 11808000 11808000 7131000 6082000 898000 151000 0 2378000 1881000 497000 11464000 10984000 480000 0 20311000 19138000 1087000 86000 3179000 158000 3021000 REPAIRS AND MAINTENANCE 7131000 6608000 510000 13000 BOOKS AND SUBSCRIPTIONS 4030000 3904000 110000 16000 BAD DEBT EXPENSE 2419000 2419000 COVID 19 PROGRAM EXPENSES 880000 880000 6764000 3552000 3212000 509076000 449846000 50437000 8793000 X 9038000 30880000 56961000 56045000 13649000 18334000 5347000 3202000 2894000 0 0 0 5609000 3882000 0 0 19216000 18935000 645935000 314877000 310780000 331058000 126527000 94735000 224164000 225096000 0 0 0 0 116164000 86216000 890349000 868383000 53813000 57512000 0 0 12347000 13839000 198582000 183745000 0 0 0 0 0 0 0 0 120076000 133602000 384818000 388698000 X 258697000 250996000 246834000 228689000 505531000 479685000 890349000 868383000 X 17449000 -42023000 -1272000 X false true X true true true X 59790000 43567000 45513000 56312000 70128000 275310000 0 0 59790000 43567000 45513000 56312000 70128000 275310000 0 275310000 4968000 4029000 2787000 2675000 1780000 16239000 804000 499000 171000 690000 1265000 3429000 2883000 2255000 1438000 1792000 2141000 10509000 305487000 2013286000 0.90122 0.87960 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false true false true 1200 false true 22950 true 242155 false false 266305 false Part II-B, Line 1(i) Other Lobbying Activities Seton Hall University lobbied state legislators regarding annual independent college appropriations and aid for independent college students. Efforts consisted of direct mailings, phone calls and personal meetings. Members of Congress were contacted regarding student aid and grants for various university programs. The University's staff is involved in lobbying efforts. The value of that staff time is approximately $33,291. Those costs have been reported on Line 7 (other salaries and wages) and not separately identified on Line 11 (d) in Part IX, statement of Functional Expenses. 1799000 X X X false 336330000 28465000 -30013000 3206000 9469000 4188000 317919000 270000000 7963000 74306000 3291000 8438000 4210000 336330000 269162000 3891000 14028000 3167000 8173000 5741000 270000000 271090000 5490000 10675000 3474000 9780000 4839000 269162000 259799000 5311000 25041000 3487000 11431000 4143000 271090000 0.39080 0.35580 0.25340 true false 4840000 4840000 540168000 265939000 274229000 61483000 48938000 12545000 39444000 39444000 331058000 OUTSIDE TRUST 11606000 F HEDGE FUNDS 52027000 F COMMINGLED FUNDS 783000 F PRIVATE EQUITY FUNDS 19268000 F VENTURE CAPITAL 9229000 F LIQUID FIXED INCOME 16098000 F ILLIQUID FIXED INCOME 28338000 F OPPORTUNISTIC 19803000 F LONG EQUITY 20135000 F DIVERSIFYING ASSETS 27828000 F REAL ASSETS 19981000 F 225096000 DEPOSITS W/ TRUSTEE 75902000 RIGHT-OF-USE UNDER OPER LEASES 372000 RIGHT-OF-USE UNDER FINA LEASES 9942000 86216000 0 REFUNDABLE U.S. GOV'T GRANTS 5912000 CONDITIONAL ASSET RETIRE OBLIG 9603000 OTHER LIABILITIES, NET 10758000 OPERATING LEASE LIABILITIES 372000 FINANCE LSE LIAB/SECURED BORRO 19063000 TAXABLE BONDS PAYABLE 87894000 133602000 X 298795000 -42023000 553000 -573000 -42043000 340838000 4242000 181445000 185687000 526525000 324641000 553000 1062000 1615000 323026000 4242000 181808000 186050000 509076000 Part III, line 4 Collections are composed of: a mural, ancient Greek and Roman coins, book collections, paintings, wild life art collections, and a special collection of research papers. Collections are utilized by students, faculty, administrators and the general public. Their usage helps achieve the ultimate goal of advancing the educational and research mission of the University. Part V, line 4 Endowment funds support the University's mission by providing a sustainable flow of funds to annual operations. This support includes funds for scholarships and for specific academic programs. The University has adopted an endowment spending policy designed to provide a predictable flow of funds to operations. The policy is intended to balance current spending needs and preserve the endowment's future purchasing power. The University applies a 4.5% spending rate to a three-year moving average of endowment investment funds. The Board of Regents sets the spending rate. The purpose of using a moving average is to smooth out any wide fluctuations in the market value. Endowment earnings in excess of the spending rate are added back to the principal of the endowment investments. In years when yield exceeds the amount appropriated under the spending policy the excess is returned to principal as appreciation. When annual yield is insufficient to support spending appropriations, the balance is provided from accumulated appreciation. Special allocations may be made for certain purposes in addition to the spending rate, as approved by the University's Board of Regents. There were no special allocation made in the year ended June 30, 2022. Part X, line 2 - Other Liabilities - Income Taxes The University has adopted the provisions of the ASC 740, Accounting for Uncertainties in Income Taxes. ASC 740-10 clarifies the accounting for uncertainty in tax positions taken or expected to be taken in a tax return, including issues relating to financial statement recognition and measurement. This section provides that the tax effects from an uncertain tax position can be recognized in the financial statements only if the position is "more-likely-than-not" to be sustained if the position were to be challenged by a taxing authority. The assessment of the tax position is based solely on the technical merits of the position, without regard to the likelihood that the tax position may be challenged. The University is exempt from Federal and New Jersey State Income taxation by virtue of being an organization described in Section 501(c)(3) of the IRC and similar provisions of the New Jersey State tax code. Nevertheless, The University may be subject to tax on income unrelated to its exempt purpose, unless that income is otherwise excluded by the Code. The University believes that there are no material uncertain tax positions within its financial statements. Part XI, Line 2D - Other Change in the value of the split-interest agreements of $573,000. Part XI, Line 4b - Other Financial Aid of $181,808,000 less special events expenses of $350,000 less rental expense of $13,000. Part XII, Line 2D - Other Special events expenses of $350,000, provision for uncollectible contributions receivable of $699,000, and rental expense of $13,000. Part XII, Line 4B - Other Financial aid of $181,808,000. true true true true true true true false false false false false false false false true false true Part I, Line:3 The University's racially nondiscriminatory policy appears in its Undergraduate and Graduate catalogs, as well as in the Admission Prospectus. It is also in all newspaper advertisements and the University's website. Line 6 - Explanation of Government Financial Aid The University participates in various Federal and State financial aid programs, which include, but are not limited to the following programs: Federal Direct Lending Program, Federal Pell Grant, Federal College Work Study, Federal Supplemental Education Opportunity Grant, N.J State Tuition Assistance Grant and N.J. State Education Opportunity Fund. During the fiscal year ended June 30, 2022, the federal government provided higher education institutions with Higher Education Emergency Relief Funding ("HEERF"), which was allocated under various acts of Congress. HEERF funding provided emergency aid to students of the University. Central America and the Caribbean Investments 125962980 Europe (Including Iceland and Greenland) Investments 33296235 East Asia and the Pacific Program Services Recruitment & MBA Prog 48750 South Asia Program Services Peace Building 237750 159545715 159545715 true false true true true false Part I, Line 3, (1 & 2); Part IV , Lines 1, 3, 4, and 5 By virtue of its investments in various limited partnership investments, Seton Hall University may invest in passive foreign investment companies and/or foreign partnerships; to the extent the University is required to file the Forms 926, 5471, or 8865, those foreign forms were attached to the University's Form 990-T. Part I, Line 3 (3) Support for student recruitment and academic exchange program developments. During FY2022, the Stillman School continued to offer an executive-style MBA program in collaboration with Viagold International Education Management Group, with cohorts in Shanghai and Zhuhai, China. Students are taught in Mandarin by a combination of Stillman faculty and faculty employed by Chinese universities. Part I, Line 3 (4) Humanitarian peacebuilding, stabilization, recovery, and development actors provide conflict sensitive programs in Yemen: This project will look to build a shared understanding among service providers about the conflict contexts and how to operate most effectively in them, and agreement where possible on collective actions/approaches. It will do this through networking, coordination, strengthening of working relationships, and regular sessions to review available analysis and plan for shared actions. LS Dinner Dance 181000 136000 45000 1000 35000 13000 Seminary Golf 122000 50000 72000 6000 30000 24000 1000 6 437000 233000 204000 12000 137000 26000 65000 740000 419000 321000 19000 202000 50000 79000 350000 -29000 true Township of South Orange Village 76 S Orange Ave South Orange NJ 07079 226002309 115 562000 General Purpose South Orange Performing Arts Center Inc 1 Sopac Way South Orange NJ 07079 320074004 501(C)(3) 9000 General Purpose Saint Paul's Outreach 110 Crusader Ave West St St Paul MN 55118 411621192 501(C)(3) 10000 General Purpose Township of Nutley NJ 1 Kennedy Drive Nutley NJ 07110 226002167 115 146000 General Purpose Township of Clifton NJ 900 Clifton Ave Clifton NJ 07013 222940857 115 332000 General Purpose SOMA Cross Cultural Works INc 572 Prospect Street Maplewood NJ 07040 822722982 501(c)(3) 8000 General Purpose The Scholarship Fund For Inner City Children 171 Clifton Avenue PO Box 9500 Newark NJ 071040500 510546401 501(3)(C) 10000 General Purpose City of Summit NJ 512 Springfield Avenue Summit NJ 07901 226002329 115 61000 General Purpose 8 0 Federal Awards 2095 11723000 State of New Jersey Awards 1810 14561000 Institutional Support 14787 159292000 Covid-19 Relief Grants 1529 7835000 Part I, Line 2 All University spending must be approved by a manager or higher level, depending on the amount of the expenditure. Any expenditure of $1,000 or above would have to be approved by a Dean or other budget center manager. An expenditure in excess of $10,000 must be approved by a Vice President (or that person's designee) or the President. Grants or assistance to outside organizations are segregated in the University's financial accounting system through the use of a separate account code, which allows for review by University's central Finance Department. Scholarships are provided to students who are required to matriculate in the University, thereby ensuring that the funds are expended for the intended purposes. X X X X X X X false true X X X X X true true false false false false false false false Joseph E Nyre PhD President/CEO/Regent/Trustee 691660 0 650000 0 404747 0 22800 0 66075 0 1835282 0 0 0 Kimberly ACapadonaEsq General Counsel 294105 0 30900 0 23019 0 31336 0 37258 0 416618 0 0 0 Katia PasseriniPhD Executive VP and Provost 389663 0 40000 0 27766 0 62800 0 1297 0 521526 0 0 0 Patrick G Lyons MBA Executive VP & Chief of Staff 397800 0 225074 0 152295 0 122800 0 17022 0 914991 0 0 0 Karen E Boroff PhD Former Interim Provost 227335 0 0 0 10973 0 21582 0 26220 0 286110 0 0 0 Alyssa McCloud PhD Sr.VP Enrollment Management 328938 0 55000 0 23799 0 62800 0 14398 0 484935 0 0 0 Stephen A Graham MBA VP Finance & CFO (Thru 9/21) 221423 0 32000 0 100656 0 13818 0 34087 0 401984 0 0 0 Kathleen BoozangJDLLM Dean, School of Law 392865 0 0 0 25474 0 22800 0 14061 0 455200 0 0 0 Joyce A StrawserPhD Dean, Stillman School Business 274703 0 0 0 15426 0 22800 0 37195 350124 0 0 0 Peter WShoemakerPhD Dean College of A&S(Thru 8/21) 196132 0 0 0 34282 0 16783 0 45301 0 292498 0 0 0 Brian B Shulman PhD Dean, School Health & Medical 281678 0 0 0 16161 0 22800 0 14061 0 334700 0 0 0 Kevin Willard Head Coach Men's Basketball 2324035 0 140000 0 137048 0 22800 0 49875 0 2673758 0 0 0 Anthony J Bozzella Head Coach Women's Basketball 287914 0 82500 0 39532 0 22800 0 40231 0 472977 0 0 0 Stephen JLubbenJDPhD Law School Professor 301564 0 0 0 2972 0 22800 0 39187 0 366523 0 0 0 Tracy H GottliebPhD Former VP Student Services 104709 0 0 0 4263 0 10229 0 25904 0 145105 0 0 0 Robin LCunninghamEdS Former Int. VP Stud. Serv. 98541 0 0 0 5353 0 4850 0 7810 0 116554 0 0 0 Jon Paparsenos VP Univ.Advancement 332403 0 22700 0 7446 0 34425 0 37653 0 434627 0 0 0 Matthew Borowick MBA VP University Relations 238665 0 25000 0 20222 0 22800 0 36771 0 343458 0 0 0 Michele Nelson PhD VP Board Affairs & Strategy 122157 0 13500 0 7285 0 12600 0 43542 0 199084 0 0 0 Bryan Felt MA Athletics Director 243416 0 55000 0 27205 0 22800 0 5320 0 353741 0 0 0 Robert McLaughlin Interim VP Fin.&CFO(Thru 3/22) 227535 0 0 0 15289 0 22375 0 1150 0 266349 0 0 0 Monica Burnette PhD VP Student Services 148941 0 0 0 6798 0 17076 0 41703 0 214518 0 0 0 John Buschman DLS Dean of University Libraries 248992 0 0 0 11338 0 19758 0 29318 0 309406 0 0 0 Shawna Cooper-Gibson EdD VP Student Services,(Thru 8/21 160416 0 24500 0 16678 0 7970 0 17457 0 227021 0 0 0 Part I, Line 1a Joseph E. Nyre, Ph.D. became President/CEO/Trustee/Regent on August 1, 2019. Under the terms of his Board approved employment agreement with the University, the University provides him with certain permissible expense reimbursements, including for the business use of his residence, which are imputed as taxable income as appropriate. Where applicable, gross-up payments are made to him to cover the tax withholding impact associated with imputed income. As a condition of employment, the president is required to live in a Board of Regents ("Board") approved residence which is in close proximity to the University's South Orange, New Jersey campus, and is suitable for entertaining groups large and small and conducting University business. Rather than the University initially purchasing a residence suitable for conducting University business, the employment agreement required the president to purchase a Board-approved residence with a loan from the University. The resulting expense ramifications to the University, which includes the impact of imputed income and gross-up payments to the president, are reported in this Form 990 and will also be reflected in the subsequent fiscal year's filing. Upon assessing the total expense to the University associated with these amounts, the president requested the Board modify the employment agreement to reduce his total annual compensation. A new agreement was entered into in June of 2021, the president conveyed the residence to the University for $1.00 on August 6, 2021, and his total compensation was reduced, all of which will be reflected in the fiscal year 2023 Form 990 filing and thereafter. For further information related to the residence, see the Schedule L, Part II narrative included in Part V supplemental information. Upon "declaring COVID-19 represents an unforeseen, severe, drastic and emergency situation" all University administrators and staff members earning more than $50,000 per year incurred tiered reductions in base pay, including the president. Additionally, at the request of the Board, the president relinquished an additional $325,000 of compensation to assist with pandemic related expenses of the University. In the subsequent year, and captured in this reporting period and 990, the Board elected to award the president a one-time incentive bonus in an amount equal to the funds he had relinquished in support of the University. Housing and related services are provided at no charge to members of its priest community, which includes an officer and certain regents and trustees as reflected in Part VII of the Form 990. Where appropriate, the value of these housing and related benefits is reflected in Part VII, Section A, Column F as other compensation and in Schedule J, Part II as nontaxable benefits for the priest who met the compensation requirement for inclusion in Schedule J. Membership fees for the University's Men's Basketball Coach, Kevin Willard, its Women's Basketball Coach, Anthony Bozzella, its Athletics Director, Bryan Felt, and its EVP/Chief of Staff, Patrick G. Lyons, were paid by the University to assist such individuals in their duties involving donor cultivation and fundraising for the University. The fees associated with their business-related attendance are included in nontaxable benefits in Schedule J, Part II. To the extent of any personal usage of same, a portion of these fees are included in the recipient's taxable income. Certain members of the University, including its president, men's and women's basketball coaches, and other members of the executive cabinet, are permitted to have their spouses accompany them to a limited number of University business events, including fundraising and alumni events. Where appropriate, the value of personal travel benefits is included in the recipient's taxable income. Certain members of the University and its board of Trustees including its President, EVP/Chief of Staff, VP Advancement, Athletics Director, and men's and women's basketball coaches, together with their spouses or families, will occasionally join the men's or women's basketball teams on chartered flights to basketball tournaments or games. The compensation information reflected in the Form 990 is based on calendar year 2021 and was payable (or disclosable, as the case may be) consistent with the terms of each executive's underlying employment agreement as applicable. Part I, Line 4a Stephen A. Graham, VP Finance and CFO, separated from the University and received a separation payment. Part I, Line 4b Certain key executives of the University participate in its 457(f) non-qualified deferred compensation plan, which is intended to permit the University to attract and retain talented individuals while requiring same to generally satisfy certain performance and employment continuation requirements as a precondition of his or her receipt of any amounts thereunder. During 2021, the following executives participated in the deferred compensation plan: Patrick G. Lyons, MBA, EVP/Chief of Staff, $100,000; Katia Passerini, Ph.D., Provost and EVP, $40,000; Alyssa McCloud, Ph.D., $40,000; Kimberly A. Capadona, Esq., General Counsel, $31,336; Jon Paparsenos, VP, $34,425; and Monica Burnette, Ph.D. VP, $2,042. Deferred amounts which may be payable in the future are reflected in Column C of Schedule J, Part II for those executives who meet the compensation requirement for inclusion in Schedule J. A NJEFA - Seton Hall - Issue 2020C 221829511 6460667B0 2020-06-18 34025223 SEE PART VI false false false B NJEFA - Seton Hall - Issue 2011 A 221829511 646065U83 2011-06-10 37578532 SEE PART VI false false false C NJEFA - Seton Hall - CIF 2014 B 221829511 646066DG2 2014-04-29 19369367 SEE PART VI false false true D NJEFA - Seton Hall - ISSUE 2017 D 221829511 646066V64 2017-06-29 41827193 SEE PART VI false false false A 0 0 34025223 0 2389475 0 266697 1369051 0 25713856 0 5905543 2023 false false false true B 32270000 0 37578532 0 0 0 421094 0 0 0 37157438 0 2011 true false true true C 273074 0 19369367 0 0 0 113339 0 0 1014830 0 0 2015 false false true true D 0 0 41827193 0 0 0 348259 0 0 0 41478934 0 2017 true false true true A false false false false 0 false false false true B 0 C false false false false 0 false false false true D false false false false 0 false false false true A false true false false false false 0 false 0 false true B false false false true false false 0 false 0 false true C false false false true false false 0 false 0 false true D false false false true false false 0 false 0 false true A true B true C true D true PART IV, LINE 2C REBATE COMPUTATIONS WERE PERFORMED IN JUNE AND JULY 2022 TIME FRAME FOR ALL SETON HALL UNIVERSITY BOND ISSUES LISTED IN PART I, WITH THE EXCEPTION OF BOND 2014 SERIES B, AND BOND 2016 SERIES B. THE 2014 B AND 2016 B BONDS ARE PART OF POOLED FINANCINGS AND THE REBATE CALCULATIONS ARE PERFORMED BY THE ISSUER. THERE IS NO REBATE LIABILITY RELATED TO ANY OF THE UNIVERSITY'S ISSUES AS OF JUNE 30, 2022. PART I, COLUMN(F) DESCRIPTION OF PURPOSE 1. SETON HALL UNIVERSITY ISSUE, 2020 SERIES C (CUSIP 6460667B0), WAS ISSUED BY THE NJEFA TO FUND CAPITAL IMPROVEMENTS ON THE UNIVERSITY'S CAMPUS. 2. SETON HALL UNIVERSITY ISSUE, 2011 SERIES A, (CUSIP NUMBER 646065U83)WAS ISSUED BY THE NJEFA TO CURRENTLY REFUND SETON HALL UNIVERSITY'S 1999 REFUNDING, 2001 SERIES A, 2001 SERIES B, AND 2001 SERIES G BOND ISSUES. 3. THE NJEFA ISSUED CIF BONDS, 2014 SERIES B, AND 2014 SERIES D, WERE ISSUED PURSUANT TO A PROGRAM OF THE STATE OF NEW JERSEY TO FINANCE CAPITAL IMPROVEMENTS AT INSTITUTIONS OF HIGHER EDUCATION. THE UNIVERSITY'S PORTION OF THE 2014 B WAS $2,192,165 OF WHICH $1,165,170 WAS GRANT AND $1,014,830 WAS DEBT REPAYABLE OVER 20 YEARS. THE UNIVERSITY'S SHARE OF 2014 D WAS $2,724,951 WITH $1,226,845 BEING DEBT AND THE REMAINDER BEING A GRANT. THE UNIVERSITY PAID OFF ITS 2014 SERIES D DEBT DURING IT'S FISCAL YEAR ENDED JUNE 30, 2021. 4. SETON HALL UNIVERSITY ISSUE, 2017 SERIES D (CUSIP 646066V64), WAS ISSUED BY THE NJEFA TO REFUND THE UNIVERSITY'S 2008 SERIES D BONDS AND TO PAY $4,872,000 FOR THE TERMINATION OF SWAP AGREEMENTS. 5. SETON HALL UNIVERSITY ISSUE, 2013 SERIES D, (CUSIP 6460656D9) WAS ISSUED BY THE NJEFA TO CURRENTLY REFUND SETON HALL UNIVERSITY'S 2009 C BONDS SOLD DIRECTLY TO CAPITAL ONE, N.A., FINANCE A PORTION OF THE COST OF TERMINATING THE UNIVERSITY'S INTEREST RATE SWAP AGREEMENT WITH CITIBANK, N.A. THAT HEDGED INTEREST RATE EXPOSURE RELATED TO THE 2009 C BONDS, AND TO FINANCE CAPITAL IMPROVEMENTS. 6. SETON HALL UNIVERSITY ISSUE, 2015 C (CUSIP 646066MC1) WAS ISSUED BY THE NJEFA TO ADVANCE REFUND SETON HALL UNIVERSITY'S 2008 SERIES E BONDS. 7. SETON HALL UNIVERSITY ISSUE, 2016 SERIES C (CUSIP 646066B66), WAS ISSUED BY THE NJEFA TO FUND CAPITAL IMPROVEMENTS ON THE UNIVERSITY'S CAMPUS. 8. THE NJEFA ISSUED CIF BONDS, 2016 SERIES A, REFUNDED CIF BONDS PREVIOUSLY ISSUED. PURSUANT TO A PROGRAM OF THE STATE OF NEW JERSEY TO FINANCE CAPITAL IMPROVEMENTS AT INSTITUTIONS OF HIGHER EDUCATION. THE PRIVATELY PLACED BONDS WERE ALLOCATED TO FOURTEEN PRIVATE INSTITUTIONS IN NEW JERSEY. THE UNIVERSITY'S SHARE OF THE PROCEEDS WAS $2,326,537. 9. THE NJEFA ISSUED CIF BONDS, 2016 SERIES B, WERE ISSUED PURSUANT TO A PROGRAM OF THE STATE OF NEW JERSEY TO FINANCE CAPITAL IMPROVEMENTS AT INSTITUTIONS OF HIGHER EDUCATION. THE BONDS WERE ALLOCATED TO TWELVE PRIVATE INSTITUTIONS IN NEW JERSEY. THE UNIVERSITY'S SHARE AFTER ISSUANCE COSTS, WAS $1,500,000 OF WHICH $766,748 WAS A GRANT AND $733,252 WAS DEBT REPAYABLE OVER TWENTY YEARS. A NJEFA - Seton Hall - Issue 2013 D 221829511 6460656D9 2013-07-10 43935728 SEE PART VI false false false B NJEFA - Seton Hall - ISSUE 2015 C 221829511 646066MC1 2015-07-14 24225807 SEE PART VI false false false C NJEFA - Seton Hall - ISSUE 2016 C 221829511 646066B66 2016-09-15 38059002 SEE PART VI false false false D NJEFA - Seton Hall - CIF 2016 A 221829511 000000000 2016-07-26 20805115 SEE PART VI false false true A 23580000 0 43935728 0 2405009 0 522076 0 0 33208335 7800307 0 2014 true false true true B 4960000 0 24255807 0 0 0 306564 0 0 0 23949243 0 2015 false true true true C 0 0 38059002 0 1655530 0 403472 0 0 36000000 0 0 2018 false false true true D 327017 0 20805115 0 0 0 48426 0 0 0 1046461 0 2016 true false true true A false false false false 0 false false false true B 0 C false false false false 0 false false false true D false false false false 0 false false false true A false false false true false false 0 false 0 false true B false false false true false false 0 false 0 false true C false false false true false false 0 false 0 false true D false false true true false false 0 false 0 false true A true B true C true D true A NJEFA - SETON HALL - CIF 2016 B 221829511 646066F54 2016-12-20 30676062 SEE PART VI false false true A 117197 0 30676062 0 0 0 246539 0 0 733252 0 0 2019 false false true true A false false false false 0 false false false true A false false false true false false 0 false 0 false true A true Joseph E Nyre PhD President/CEO/Trustee/Regent Home Purchase X 2894000 0 false true true 0 Total of 6 131010 Scholar/Tuition Remission Education Tracy HGottlieb Sister of Officer 149282 COMPENSATION & BENEFITS false Tracy HGottlieb Sister of Officer 58112 COMPENSATION & BENEFITS false Tracy HGottlieb Daughter of Officer 73094 COMPENSATION & BENEFITS false Part II - Loans to and/or From Interested Persons As disclosed in the Form 990 filing for the University's fiscal year ended June 30, 2021, and in Schedule J, Part III of this Form 990, the president, as a condition of employment, is required to live in a Board of Regents (Board) approved residence suitable for entertaining groups large and small and conducting University business. Rather than the University initially purchasing a residence suitable for conducting University business, the employment agreement required the president to purchase a Board approved residence with a loan from the University. The 2019 loan, which was secured by the residence, was for 30 years in the amount of $2,894,000. It fully financed the purchase of the residence. Loan principal was to be paid upon maturity or termination of employment. Annual payments were to be for interest only, unless interest was forgiven by the Board, which was the case based on its determination that the residence was used for substantial official University functions and business on a continuous basis. Interest forgiveness was imputed into his taxable income in 2020 with gross-up payments made to him to cover the tax withholding impact of the imputed income. On August 6, 2021, Dr. Nyre conveyed the residence to the University for $1.00 for the reasons noted in Schedule J, Part III. In connection with the conveyance, the loan of $2,894,000 was discharged in its entirety. Remaining interest on the loan was forgiven by the board in 2022 and was imputed into his taxable income in 2022 with gross-up payments made to him to cover the tax withholding impact of the imputed income. Part III - Grants or Assistance Benefiting Interested Persons Seton Hall University is not required to identify interested persons to whom assistance was provided under the Family Educational Rights and Privacy Act (FERPA). Part IV - Business Transactions Involving Interested Persons The two sisters and daughter of Dr. Tracy H. Gottlieb, Former V.P. for Student Services, served as employees of the University. In fiscal year 2022, they received total compensation and benefits of $149,282, $58,112, and $73,094, respectively. All transactions with interested persons were conducted at arm's length, for good sufficient consideration, based on terms that are fair and reasonable to and for the benefit of the University. The applicable interested persons had no influence over the decisions to enter into the transactions. X 3 2000 Appraisal X 2000 Appraisal X 5000 Cost X 22 1067000 Selling price X 3 19000 Cost X Laboratory Equipments 1 90000 Appraisal X Esports equipments 1 21000 Appraisal X Life Insurance non-cash 1 12000 Cost X Miscellaneous 2 27000 Cost 0 false true true Part I, Line 32b Auction companies are used to process and/or sell noncash contributions in "silent auctions" at several fundraising events. To the extent Seton Hall University receives donations of publicly traded securities, it's investment broker is engaged to sell those securities. Form 990, Part III, Line 1 Seton Hall University (the "University") is the nation's oldest Diocesan Catholic University. In a diverse and collaborative environment, it focuses on academic, ethical, and spiritual development. Seton Hall students are prepared to be leaders in their professional and community lives in a global society and are challenged by outstanding faculty, a technologically advanced setting, and values-centered curricula. The University is home to ten nationally recognized and accredited schools located on three campuses, all within 15 miles of New York City. Its main campus is in South Orange, New Jersey, its nationally ranked Law School is in Newark, New Jersey, and its Interprofessional Health Sciences ("IHS") campus is in the City of Clifton and the Township of Nutley, New Jersey. Within these ten schools, the professors of Seton Hall educate, shape and develop approximately 6,000 undergraduate and 3,800 graduate students, who are enrolled in more than 90 rigorous majors. This has led to the University being nationally recognized for academic excellence by the Princeton Review, U.S. News and World Report, and Bloomberg Businessweek. The University remains a pioneer in Catholic education. THE UNIVERSITY HAS A LONG-TERM RELATIONSHIP WITH HACKENSACK MERIDIAN HEALTH AT ITS IHS CAMPUS. THE UNIVERSITY AND HMH WERE PARTNERS IN AN AGREEMENT TO RENOVATE THE IHS PREMISES FOR THE UNIVERSITY'S CON AND SHMS COLLEGES AND THE HACKENSACK MERIDIAN SCHOOL OF MEDICINE (HMSOM). HMH IS LESSOR TO THE LEASE FOR THIS PREMISIS (KINGSLAND LEASE) AND THE UNIVERSITY SUBLEASES SPACE FROM HMH. THE UNIVERSITY AND HMH WILL CO-OWN THE IHS CAMPUS WHEN THE KINGSLAND LEASE AND UNIVERSITY'S SUBLEASE EXPIRE. IN ADDITION, THE UNIVERSITY AND HMH MAINTAIN A STRATEGIC ACADEMIC PARTNERSHIP AGREEMENT WHEREBY THE UNIVERSITY AND THE HMSOM HAVE AN INTEGRATED CURRICULUM, WITH 25% OF THE SEATS IN EACH CLASS OF THE MD PROGRAM RESERVED FOR UNIVERSITY GRADUATES WHO RESIDE IN NEW JERSEY, PROVIDED THEY MEET THE STANDARDS OF ADMISSION SET BY THE HMSOM, AND THE UNIVERSITY'S CON AND SHMS STUDENTS HAVEING BROAD ACCESS TO TRAIN AT HMH HOSPITALS. Robert C. Garrett, Regent, is the CEO at HMH, and also on the Board of Governors of the SOM. The University and HMH are strategic academic partners in the SOM. Neither HMH nor the SOM are considered related parties of the University. Form 990, Part VI PART VI, SECTION A, LINE 7A: THE BOARD OF REGENTS IS RESPONSIBLE FOR THE ENTIRE MANAGEMENT OF THE AFFAIRS AND CONCERNS OF THE UNIVERSITY. THE BOARD OF REGENTS IS VESTED WITH THE RESPONSIBILITY, POWER, AND AUTHORITY TO GOVERN THE UNIVERSITY AND SHALL EXERCISE THE CORPORATE POWERS OF THE UNIVERSITY UNDER LAW. BOARD OF REGENT EMERITI DO NOT HAVE VOTING PRIVILEGES. PART VI, SECTION A, LINE 7B: THE BOARD OF TRUSTEES STAND IN THE STEAD OF THE ORIGINAL INCORPORATORS OF SETON HALL COLLEGE AND HAVE THE RIGHTS AND POWERS RESERVED TO IT BY THE UNIVERSITY'S BY-LAWS. THOSE POWERS INCLUDE THE RIGHT TO AMEND THE UNIVERSITY'S ORGANIZING DOCUMENTS, TO AUTHORIZE THE SALE OF ANY UNIVERSITY PROPERTY AND, MOST IMPORTANTLY, TO ELECT THE BOARD OF REGENTS. PART VI, SECTION B, LINE 11: THE BOARD OF REGENTS HAS CHARGED THE AUDIT COMMITTEE WITH THE RESPONSIBILITY TO CONDUCT, REVIEW, AND APPROVE ANNUALLY THE UNIVERSITY'S FORM 990 AND FORM 990-T FOR FILING WITH INTERNAL REVENUE SERVICE. FOLLOWING REVIEW AND RECOMMENDATION BY THE AUDIT COMMITTEE, FORMS 990 AND 990-T ARE SUBMITTED TO THE FULL BOARD OF REGENTS FOR ITS REVIEW AND APPROVAL FOR FILING WITH THE INTERNAL REVENUE SERVICE. PART VI, SECTION B, LINE 12C: THE UNIVERSITY'S CONFLICT OF INTEREST POLICY IS POSTED ON THE UNIVERSITY'S WEB SITE. ALL NEW EMPLOYEES ARE MADE AWARE OF THE POLICY AT THE TIME OF HIRE. FOR SENIOR MANAGEMENT, THE UNIVERSITY REQUIRES AN ANNUAL DISCLOSURE OF SIGNIFICANT FINANCIAL INTERESTS IN, OR EMPLOYMENT OR CONSULTING RELATIONSHIPS WITH, ENTITIES DOING BUSINESS WITH THE UNIVERSITY. THESE ANNUAL DISCLOSURES COVER BOTH SENIOR MANAGEMENT AND THEIR IMMEDIATE FAMILY MEMBERS. WHEN SUCH RELATIONSHIPS EXIST, MEASURES ARE TAKEN TO ADDRESS THE ACTUAL OR PERCEIVED CONFLICT TO PROTECT THE BEST INTERESTS OF THE UNIVERSITY. THE POLICY REQUIRES, AMONG OTHER THINGS, THAT NO MEMBER OF THE BOARD OF REGENTS OR ITS COMMITTEES CAN PARTICIPATE IN ANY DECISION IN WHICH HE OR SHE (OR AN IMMEDIATE FAMILY MEMBER) HAS A MATERIAL FINANCIAL INTEREST. EACH REGENT IS REQUIRED TO CERTIFY COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY ON AN ANNUAL BASIS AND INDICATE WHETHER THE UNIVERSITY DOES BUSINESS WITH AN ENTITY IN WHICH A REGENT HAS A MATERIAL FINANCIAL INTEREST. WHEN SUCH RELATIONSHIPS EXIST, MEASURES ARE TAKEN TO MITIGATE ANY ACTUAL OR PERCEIVED CONFLICT, INCLUDING REQUIRING THAT SUCH TRANSACTIONS BE CONDUCTED AT ARM'S LENGTH, FOR GOOD AND SUFFICIENT CONSIDERATION, BASED ON TERMS THAT ARE FAIR AND REASONABLE TO AND FOR THE BENEFIT OF THE UNIVERSITY, AND IN ACCORDANCE WITH RELEVANT CONFLICT OF INTEREST LAWS. THE UNIVERSITY IS UNAWARE OF ANY SUCH ASSOCIATIONS CONSIDERED TO BE SIGNIFICANT. PART VI, SECTION B, LINE 15: SETON HALL UNIVERSITY CAN ENSURE AND DEMONSTRATE THAT OUR COMPENSATION ACTIONS DO NOT INURE TO THE BENEFIT OF A PRIVATE INDIVIDUAL. WE CAN DEMONSTRATE THAT THE COMPENSATION OF ALL DISQUALIFIED PERSONS, SUCH AS OFFICERS, DIRECTORS, AND KEY EMPLOYEES, IS CONSIDERED REASONABLE AND WOULD ORDINARILY BE PAID FOR LIKE SERVICES BY LIKE ENTERPRISES UNDER LIKE CIRCUMSTANCES. THE REASONABLENESS OF OUR COMPENSATION TAKES INTO ACCOUNT ALL BENEFITS. ANY COMPENSATION TRANSACTIONS FOR THESE INDIVIDUALS ARE APPROVED BY AN AUTHORIZED BODY OF INDIVIDUALS WHO HAVE NO CONFLICT OF INTEREST. UTILIZING A COMPENSATION CONSULTANT, APPROPRIATE COMPENSATION DATA IS RELIED UPON FOR COMPARABILITY AND PROOF OF FAIR MARKET VALUE, BEFORE MAKING A DECISION. COMPENSATION DECISIONS AND REPORTS ARE CONTEMPORANEOUSLY DOCUMENTED IN THE MINUTES OF THE MEETING OF THE COMMITTEE WHEN THE DECISIONS ARE MADE. PART VI, SECTION C, LINE 19: THE UNIVERSITY'S BY-LAWS AND ITS CONFLICT OF INTEREST POLICY ARE POSTED ON THE UNIVERSITY'S WEBSITE. Form 990, Part VII, Section A Stephen A. Graham, MBA, was VP for Finance and CFO up until September 24, 2021. Robert McLaughlin, became Interim VP for Finance and CFO in September 25, 2021 and was in that position up until March 27, 2022. Donna M. McMonagle, became VP for Finance and CFO on March 28, 2022. Accordingly, she is reported on the Form 990 with no compensation in calendar Year 2021. Georita M. Frierson, Ph.D., became Dean of the College of Arts and Sciences on August 15, 2021. Accordingly, she is not reported in Form 990 Part VII because she did not meet the threshold of reportable compensation amount for reporting as a key employee. Peter Shoemaker, Ph.D., was Dean of the College of Arts and Sciences until August 14, 2021. Shawna Cooper-Gibson, Ed. D., was VP for Student Services until August 4, 2021. Monica Burnette, Ph. D., became Interim VP for Student Services on August 5, 2021 and VP for Student Services on December 1, 2021. Form 990, Part XI, Line 9 Provision for uncollectible contributions receivable of $699,000 and the change in value of split-interest agreements of $573,000. COVID-19 PANDEMIC DURING THE COVID PANDEMIC THE FEDERAL GOVERNMENT PROVIDED HIGHER EDUCATION INSTITUTIONS WITH HIGHER EDUCATION EMERGENCY RELIEF FUNDING ("HEERF"), WHICH WAS ALLOCATED UNDER VARIOUS ACTS OF CONGRESS. The Coronavirus Aid, Relief, and Economic Securities Act ("CARES") was signed into law on March 27, 2020, and provided the University with total funding of $5,750,000 under HEERF I. The Coronavirus Response and Relief Supplemental Appropriations Act ("CRRSAA") was signed into law on December 27, 2020, and provided the University with total funding of $8,858,000 under HEERF II. The American Rescue Plan ("ARP") was signed into law on March 11, 2021, and provided the University with total funding of $15,666,000 under HEERF III in 2022. Each of these awards has a student aid portion and an institutional portion. The Department of Education provided required uses of the funds for both the student portion and institutional portion and until the conditions associated with those requirements are satisfied, revenue cannot be recognized, in accordance with ASU 2018-08. THE UNIVERSITY INCURRED NONRECURRING COVID-19 PANDEMIC EXPENSES OF $7,971,000 DURING THE YEAR ENDING JUNE 30, 2022, FOR EMERGENCY GRANTS TO STUDENTS UNDER THE HEERF PROGRAM, spending on shielding, ventilation improvements, personal protective equipment ("PPE"), testing, tracing, remote learning, additional dining services, cleaning, supplies, and signage. During the year ended June 30, 2022, the University recognized HEERF student share revenues of $7,835,000 offsetting the emergency grants provided to students. Roman Catholic Archdiocese of Newark 171 Clifton Avenue Newark NJ 07104 221487308 See Part VII NJ 501(c)(3) 1 false false false false false false false false false false false false false false false true true false false Part II : Identification of Related Tax-Exempt Org. Primary Activity Primary activity of Roman Catholic Archdiocese of Newark - oversees the Catholic church in certain counties of New Jersey.