2022-05-09T08:56:11-05:00 2021-06-30 BDO USA LLP 1100 Peachtree Street Suite 700 ATLANTA GA 303094516 990 2020-07-01 210634981 GEORGIAN COURT UNIVERSITY % JOSEPH MARBACH GEOR 7329872200 900 LAKEWOOD AVENUE LAKEWOOD NJ 08701 Joseph Marbach President 7329872218 2022-05-06 true Joseph Marbach 999009999 Sandra L Feinsmith P01064157 4046886841 2022-05-05 2 2020 2022-09-23 18:48:47Z Joseph R Marbach 900 LAKEWOOD AVENUE LAKEWOOD NJ 08701 83720893 false X WWW.GEORGIAN.EDU X 1908 NJ GEORGIAN COURT OFFERS A COMPREHENSIVE LIBERAL ARTS EDUCATION IN THE ROMAN CATHOLIC TRADITION. FOR MORE INFORMATION SEE SCHEDULE O. 23 22 825 57 13308 0 3592934 8524252 59008435 53689439 3586331 4020831 675938 201498 66863638 66436020 19829334 17987705 0 0 26513247 23697644 32912 26220 1510648 19753368 20959724 66128861 62671293 734777 3764727 124131723 136690213 32683909 32622601 91447814 104067612 X GEORGIAN COURT UNIVERSITY (GCU), PROVIDES A COMPREHENSIVE LIBERAL ARTS EDUCATION AND IS OPEN TO STUDENTS OF ALL FAITHS, DELIVERS A CURRICULUM THAT PROMOTES SCHOLARSHIP, SERVICE, AND PERSONAL DEVELOPMENT. FOR MORE INFORMATION SEE SCHEDULE O. false false 35553710 17987705 53898225 INSTRUCTIONAL DEGREE PROGRAM - IN 2020-2021, GEORGIAN COURT ENROLLED 2,231 STUDENTS IN 37 MAJORS AND 14 GRADUATE PROGRAMS THROUGH THE SCHOOL OF BUSINESS AND DIGITAL COMMUNICATION, THE SCHOOL OF EDUCATION, THE SCHOOL OF ARTS AND SCIENCES AND THE SCHOOL OF NURSING. FOR MORE INFORMATION SEE SCHEDULE O. 6769642 0 0 STUDENT SERVICE SUPPORT - OTHER EXPENDITURES TO SUPPORT THE OPERATION OF OFFICES DEDICATED TO STUDENT SERVICE ACTIVITIES. 2785395 0 0 STUDENT ATHLETES & PROGRAMS - AS A MEMBER OF THE CENTRAL ATHLETIC COLLEGIATE CONFERENCE, GCU HAD 276 ATHLETES PARTICIPATING IN NCAA DIVISION II SPORTS, FOR MORE INFORMATION SEE SCHEDULE O. 45108747 true true false true false false false false false true true true false false true true true false true false true false true true true false false false true true true false false false false false false false false true false true false false false false true true true false false true 85 0 true 825 true true true false false false false true true false false false false false false X 23 22 false false false false false true true true true true false true true true true true true true true false KY MD MA MI NH NY OH OK OR PA TN X JOSEPH MARBACH 7329872416 900 LAKEWOOD AVENUE Lakewood NJ 08701 X Joseph R Marbach PRESIDENT 35.0 0.0 X X 355185 0 32565 Matthew Manfra VP Institutional Advancement 35.0 0.0 X 219750 0 19805 Janice Warner Provost 35.0 0.0 X 197865 0 17142 Amy Bosio VP Fin. & Administration/CFO 35.0 0.0 X 174900 0 11067 Maureen Ryan-Hoffman Asst. VP for Fin & Controller 35.0 0.0 X 151667 0 22852 Chris Krzak VP Enrollment & Retention 35.0 0.0 X 145860 0 10812 Janet Sr Thiel Asst. VP of University Assess. 35.0 0.0 X 153569 0 0 Jennifer Edmonds Dean, Sch. of Bus. & Digital M 35.0 0.0 X 143866 0 5319 Laura Liesman Asst VP of Athletics & Rec 35.0 0.0 X 134552 0 10774 Mary Chinery Dean, School of Arts & Science 35.0 0.0 X 131734 0 12922 Evelyn Saul Quinn VP Mission Integration 35.0 0.0 X 109648 0 10385 James Trusdell VP for Fin. & Admin./CFO 35.0 0.0 X 56000 0 6873 Robert E Mulcahy III BOARD CHAIR 1.0 0.0 X 0 0 0 Judith M Persichilli RN BS BOARD VICE CHAIR 1.0 0.0 X 0 0 0 Nina Anuario INDIVIDUAL TRUSTEE 1.0 0.0 X 0 0 0 Michele Teresa Aronica RSM INDIVIDUAL TRUSTEE 1.0 0.0 X 0 0 0 Theresa M Brodrick PhD INDIVIDUAL TRUSTEE 1.0 0.0 X 0 0 0 The HONORABLE Jeffrey s Chiesa INDIVIDUAL TRUSTEE 1.0 0.0 X 0 0 0 Francis G Coleman INDIVIDUAL TRUSTEE 1.0 0.0 X 0 0 0 James H Dickerson Jr INDIVIDUAL TRUSTEE 1.0 0.0 X 0 0 0 Madeline Farraro Esq INDIVIDUAL TRUSTEE 1.0 0.0 X 0 0 0 Msgr R Vincent Gartland INDIVIDUAL TRUSTEE 1.0 0.0 X 0 0 0 Patricia Smith Heanue TRUSTEE EMERITA 1.0 0.0 X 0 0 0 Patricia E Koch Esq TRUSTEE EMERITA 1.0 0.0 X 0 0 0 Monsignor Casimir Ladzinski INDIVIDUAL TRUSTEE 1.0 0.0 X 0 0 0 Michael J Laferrera INDIVIDUAL TRUSTEE 1.0 0.0 X 0 0 0 Mary K E Maples Esq INDIVIDUAL TRUSTEE 1.0 0.0 X 0 0 0 Kerry Anne McGeary PhD INDIVIDUAL TRUSTEE 1.0 0.0 X 0 0 0 Amelia A McTamaney INDIVIDUAL TRUSTEE 1.0 0.0 X 0 0 0 Elizabeth Healey Mulvihill TRUSTEE EMERITA 1.0 0.0 X 0 0 0 Linda M Orlando INDIVIDUAL TRUSTEE 1.0 0.0 X 0 0 0 Mark N Ricca INDIVIDUAL TRUSTEE 1.0 0.0 X 0 0 0 Megan E Mulcahy Romano INDIVIDUAL TRUSTEE 1.0 0.0 X 0 0 0 John W Seazholtz INDIVIDUAL TRUSTEE 1.0 0.0 X 0 0 0 Edward Smith INDIVIDUAL TRUSTEE 1.0 0.0 X 0 0 0 Patricia A Talone RSM PhD INDIVIDUAL TRUSTEE 1.0 0.0 X 0 0 0 Julia A Upton RSM PhD INDIVIDUAL TRUSTEE 1.0 0.0 X 0 0 0 M Deborah Hanley Williams TRUSTEE EMERITA 1.0 0.0 X 0 0 0 1974596 0 160516 47 true true false ARAMARK SERVICES INC PO BOX 978839 DALLAS TX 753978839 MANAGEMENT SERVICES 1868325 ELLUCIAN COMPANY LP 4 Country View Road MALVERN PA 19355 Management Services 763317 EAB GLOBAL PO Box 603519 CHARLOTTE NC 282603519 Consultant 603160 KIMMEL BOGRETTE 482 Norristown Road ste 200 BLUE BELL PA 19422 Architect 199588 NJ EDGENET INC PO BOX 10087 NEW YORK NY 100872822 Management Services 196849 8 111326 6313551 2099375 12677 8524252 TUITION AND FEES 900099 50671361 50671361 RESIDENCE HALLS AND DINING SERVICES 900099 2988668 2988668 BOOKSTORE COMMISSION 900099 29410 29410 53689439 2517228 13308 2503920 0 0 0 0 0 18756674 17253071 1503603 1503603 1503603 24514 111326 31802 -7288 -7288 0 0 0 0 0 0 OTHER STUDENT ACTIVITIES/MISCELLANEOUS 900099 180286 180286 TRUST INCOME 900099 28500 28500 208786 66436020 53898225 13308 4000235 0 16697079 16697079 1290626 1290626 0 1245173 393039 617627 234507 47129 47129 18446653 15403018 2314408 729227 0 2381219 1590954 680407 109858 1577470 1283421 220035 74014 2770692 50000 2720692 114442 114442 93115 93115 35190 35190 26220 26220 219298 219298 803992 32300 599533 172159 1167622 879345 268013 20264 937132 547545 358670 30917 2554641 1379778 1124304 50559 0 1357070 360594 996476 83639 79600 420 3619 0 34812 27834 6206 772 1172014 1172014 0 3498320 3493023 5297 927819 50911 876908 STUDENT PROGRAM SERVICES 1547235 1532398 14787 50 DINING HALL 1040795 1040795 PROFESSIONAL SERVICES 1008186 1008186 DUES & MEMBERSHIPS 529955 381662 139108 9185 1063755 1032533 -12778 44000 62671293 45108747 16051898 1510648 0 0 4855890 4974330 1136958 5469075 1388851 997132 0 0 0 0 0 0 0 0 153328 649277 121405847 62382320 58482321 59023527 44288894 52439566 13140953 12498375 0 0 0 0 684528 638931 124131723 136690213 4482446 5856711 0 0 377839 188673 15585438 14312983 0 0 0 0 102212 68286 0 0 12135974 12195948 32683909 32622601 X 63725033 70114402 27722781 33953210 91447814 104067612 124131723 136690213 X 3764727 8659656 195415 X false true X true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false true false false false false true 1690 false true 33500 35190 false SCHEDULE C, PART II-B, LINE 1 THE UNIVERSITY ENGAGED MWW PUBLIC AFFAIRS TO UNDERTAKE LOBBYING AND GRANT-WRITING ASSISTANCE. THE TOTAL FEES PURSUANT TO THIS CONTRACT FOR THE YEAR ENDED JUNE 30, 2021 WERE $28,500. THE FIRM EXPENDED 95% EFFORT ON LOBBYING AND 5% ON GRANT-WRITING ASSISTANCE. IN ADDITION, THE UNIVERSITY SECURED THE SERVICES OF KOMJATHY & KEAN LLC ($5,000) FOR STATE ACTIVITIES. UNIVERSITY PERSONNEL AND STUDENTS, DURING THE COURSE OF VARIOUS ACTIVITES THROUGHOUT THE YEAR, MEET WITH LEGISLATORS TO DISCUSS EDUCATIONAL RELATED TOPICS. LINE 1G THE UNIVERSITY PAID MEMBERSHIP DUES TO MEMBER ORGANIZATIONS WHO MAY ENGAGE IN LOBBYING ACTIVITIES. THEREFORE, A PORTION OF THE DUES MAY BE ATTRIBUTABLE TO LOBBYING ACTIVITIES. THE UNIVERSITY'S PORTION OF DUES ATTRIBUTABLE TO LOBBYING ACTIVITIES TOTALED $1,690. THIS DOES NOT CONSTITUTE A SUBSTANTIAL PORTION OF THE UNIVERSITY'S ACTIVITIES. 52634180 512496 12491288 4713416 60924548 58402612 182869 944249 6895550 52634180 58245672 300681 2447044 2590785 58402612 55952983 313705 3914544 1935560 58245672 51841878 238022 5951039 2077956 55952983 0.45300 0.24200 0.30500 false false 3984901 3984901 90669058 40255627 50413431 2144536 2099824 44712 21052496 18650849 2401647 3554856 1376020 2178836 59023527 INVESTMENTS HELD BY TRUSTEES 6804481 F STRUCTURED CREDIT FUNDS 1546832 F SPECIAL SITUATIONS FUNDS 1542140 F CORE PROPERTIES FUNDS 1426360 F PRIVATE EQUITY 1178562 F 12498375 0 BONDS PAYABLE 10833077 COND. ASSET RETIR. OBLIGATION 1135696 OTHER LIABILITIES 172286 ANNUITY PAYMENT LIABILITY 54889 12195948 X 57084088 8659656 195415 8855071 48229017 219298 17987705 18207003 66436020 44464290 44464290 219298 17987705 18207003 62671293 ENDOWMENT FUNDS FORM 990, SCHEDULE D, PART V, LINE 4 THE UNIVERSITY HAS ADOPTED AN INVESTMENT POLICY THAT IS INTENDED TO PROVIDE A PREDICTABLE STREAM OF FUNDING TO PROGRAMS FROM ITS ENDOWMENT WHILE SEEKING TO MAINTAIN THE PURCHASING POWER OF THE ENDOWMENT ASSETS. ENDOWMENT ASSETS INCLUDE THOSE ASSETS OF DONOR-RESTRICTED FUNDS THAT THE UNIVERSITY MUST HOLD IN PERPETUITY AS WELL AS BOARD-DESIGNATED FUNDS. 1. DONOR-RESTRICTED ENDOWMENT FUNDS ARE ESTABLISHED BY DONOR-RESTRICTED GIFTS AND RECORDED AS PERMANENTLY RESTRICTED WITHIN THE UNIVERSITY FINANCIAL STATEMENTS. THE AMOUNT OF EACH INDIVIDUAL FUND IS COMPRISED OF THE ORIGINAL GIFT, SUBSEQUENT GIFTS IF THEY WERE TO BE ADDED TO THE PERMANENT ENDOWMENT AND ACCUMULATIONS IF DIRECTED BY THE DONOR'S GIFT DOCUMENTS. THESE FUNDS MUST BE RETAINED IN ACCORDANCE WITH THE EXPLICIT DONOR STIPULATIONS. 2. EARNINGS ON THESE ENDOWED FUNDS ARE REGARDED AS NET APPRECIATION AND CLASSIFIED AS NET ASSETS WITH DONOR RESTRICTIONS. THESE AMOUNTS ARE APPROPRIATED FOR EXPENDITURE CONSISTENT WITH THE DONOR GUIDELINES. DONOR FUNDED SCHOLARSHIPS ARE AWARDED ANNUALLY, IN ACCORDANCE WITH DONOR STIPULATED GUIDELINES AND ARE A COMPONENT OF THE UNIVERSITY'S FINANCIAL AID BUDGET. 3. BOARD DESIGNATED FUNDS, QUASI-ENDOWMENT, FUNCTIONING AS ENDOWMENTS ARE MADE UP OF A DEBT FUND, INTENDED TO OFFSET FUTURE DEBT BORROWINGS; A PLANT FUND, INTENDED TO SUPPLEMENT OPERATIONAL EXPENSES RELATED TO FACILITIES' NEEDS SUCH AS DEFERRED MAINTENANCE OR CAPITAL ITEMS; AND A SPECIAL PROJECTS FUND WITH THE ABILITY TO REACT TO THE CHANGING NEEDS AND DEMANDS OF THE HIGHER EDUCATION ENVIRONMENT. INCOME TAXES FORM 990, SCHEDULE D, PART X, LINE 2 THE UNIVERSITY IS CLASSIFIED AS A 501(C)(3) ORGANIZATION AND IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(A) OF THE INTERNAL REVENUE CODE AND A SIMILAR PROVISION OF THE NEW JERSEY STATE INCOME TAX LAW. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN REFLECTED IN THE ACCOMPANYING FINANCIAL STATEMENTS. THERE ARE CERTAIN TRANSACTIONS THAT COULD BE DEEMED UNRELATED BUSINESS INCOME AND WOULD RESULT IN A TAX LIABILITY. MANAGEMENT REVIEWS TRANSACTIONS TO ESTIMATE POTENTIAL TAX LIABILITIES USING A THRESHOLD OF MORE LIKELY THAN NOT. IT IS MANAGEMENT'S ESTIMATION THAT THERE ARE NO MATERIAL TAX LIABILITIES THAT NEED TO BE RECORDED AT JUNE 30, 2021 AND 2020. RECONCILIATION OF REVENUE FORM 990, SCHEDULE D, PART XI, LINE 2D SPLIT INTEREST AGREEMENT $195,415 FORM 990, SCHEDULE D, PART XI, LINE 4B SCHOLARSHIP EXPENSE(RECLASS) $17,987,705 RECONCILIATION OF EXPENSES FORM 990, SCHEDULE D, PART XII, LINE 4B SCHOLARSHIP EXPENSE(RECLASS) $17,987,705 true true true true true true true false false false false false false false false true false true NONDISCRIMINATION POLICY SCHEDULE E, PART I, LINE 3 THE UNIVERSITY'S NOTICE OF NONDISCRIMINATION POLICY IS PRINTED ON ALL BROCHURES, WEB PAGES, AND PUBLICATIONS THAT ADVERTISE GCU PROGRAMS AND ADMISSION STANDARDS. FINANCIAL AID OR ASSISTANCE FROM A GOVERNMENTAL AGENCY FORM 990, SCHEDULE E, PART I, LINE 6A U.S. DEPARTMENT OF JUSTICE - GRANTS TO REDUCE DOMESTIC VIOLENCE, DATING VIOLENCE, SEXUAL ASSAULT, AND STALKING ON CAMPUS U.S. DEPARTMENT OF TREASURY PASS-THROUGH FROM STATE OF NEW JERSEY, OFFICE OF THE SECRETARY OF HIGHER EDUCATION COVID-19 - CORONAVIRUS RELIEF FUND U.S. DEPARTMENT OF EDUCATION HIGHER EDUCATION INSTITUTIONAL AID TRIO STUDENT SUPPORT SERVICES - TRIO CLUSTER STUDENT FINANCIAL ASSISTANCE CLUSTER - FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANT FEDERAL WORK STUDY PROGRAM FEDERAL PELL PROGRAM FEDERAL DIRECT STUDENT LOANS TEACHER EDUCATION ASSISTANCE FOR COLLEGE AND HIGHER EDUCATION GRANTS (TEACH) TRANSITION PROGRAMS FOR STUDENTS WITH INTELLECTUAL DISABILITIES INTO HIGHER EDUCATION COVID-19 - HIGHER EDUCATION EMERGENCY RELIEF FUND - STUDENT AID PORTION COVID-19 - HIGHER EDUCATION EMERGENCY RELIEF FUND - INSTITUTIONAL PORTION COVID-19 - HIGHER EDUCATION EMERGENCY RELIEF FUND - STRENGTHENING INSTITUTIONS PORTION HIGHER EDUCATION STUDENT ASSISTANCE AUTHORITY TUITION AID GRANT NJ STARS PROGRAM COMMISSION ON HIGHER EDUCATION EDUCATIONAL OPPORTUNITY FUND EDUCATIONAL OPPORTUNITY FUND - SUMMER EDUCATIONAL OPPORTUNITY FUND - WINTER OTHER COMMISSION ON HIGHER EDUCATION ASSISTANCE EDUCATION OPPORTUNITY FUND - ARTICLE IV NEW JERSEY DEPARTMENT OF HUMAN SERVICES VOCATIONAL REHABILITATION DIRECT SERVICES NEW JERSEY DEPARTMENT OF HEALTH, OFFICE OF TOBACCO CONTROL, NUTRITION AND FITNESS NJ COLLEGES & UNIVERSITIES IMPLEMENTING TOBACCO & SMOKE-FREE POLICIES NEW JERSEY DEPARTMENT OF THE TREASURY - HIGHER EDUCATION ADMINISTRATION AID TO INDEPENDENT COLLEGES & UNIVERSITIES true Europe (Including Iceland and Greenland) Grantmaking 822097 North America Grantmaking 142025 Sub-Saharan Africa Grantmaking 130888 East Asia and the Pacific Grantmaking 158058 South America Grantmaking 37558 1290626 1290626 Grantmaking Europe (Including Iceland and Greenland) 24 822097 CREDIT ACCT Grantmaking North America 5 142025 CREDIT ACCT Grantmaking Sub-Saharan Africa 4 130888 CREDIT ACCT Grantmaking East Asia and the Pacific 4 158058 CREDIT ACCT Grantmaking South America 1 37558 CREDIT ACCT true false false false false false SCHEDULE F, PART I, LINE 2 THE UNIVERSITY GRANTS LISTED ON SCHEDULE F REPRESENT INSTITUTIONAL AID PROVIDED TO STUDENTS WHO MATRICULATE AT THE UNIVERSITY. THE AID PROVIDED TO THE STUDENTS IS APPLIED BY THE UNIVERSITY DIRECTLY TO THE STUDENTS' ACCOUNT. AS SUCH, NO MONITORING OF THE GRANT FUNDS ARE REQUIRED BECAUSE THE STUDENT MAY ONLY USE THE SCHOLARSHIP FUNDS TO DEFRAY THE COST OF TUITION. X X X X X X X true Ruffalo Noel Levitz fundraising false 42311 24720 -17591 42311 24720 -17591 AL AK AR CA CO CT DC FL GA HI IL KS KY LA ME MD MA MI MN MS MO NV NH NJ NM NY NC ND OH OK OR PA RI SC TN UT VA WA WV WI GOLF OUTING 135840 111326 24514 31802 0 135840 111326 24514 31802 31802 -7288 900 LAKEWOOD AVENUE LAKEWOOD NJ 08701 true INSTITUTIONAL GRANT AID 2488 9192704 TRANSFER SCHOLARSHIP 877 4325257 ATHLETICS 416 1922559 Endowed/Funded 647 1048214 RELIGIOUS GRANTS & DISCOUNTS 171 208345 MONITORING OF FUNDS Schedule I, Part I, line 2 THE UNIVERSITY GRANTS LISTED ON SCHEDULE I REPRESENT SCHOLARSHIPS OFFERED TO STUDENTS WHO MATRICULATE AT THE UNIVERSITY. AS SUCH, NO MONITORING OF THE GRANT FUNDS ARE REQUIRED BECAUSE THE STUDENT MAY ONLY USE THE SCHOLARSHIP FUNDS TO DEFRAY THE COST OF TUITION. X X X X X false false false false false false false false false Joseph R Marbach PRESIDENT 355185 0 0 0 0 0 12677 0 19888 0 387750 0 0 0 Matthew Manfra VP Institutional Advancement 219750 0 0 0 0 0 7700 0 12105 0 239555 0 0 0 Janice Warner Provost 197865 0 0 0 0 0 7254 0 9888 0 215007 0 0 0 Amy Bosio VP Fin. & Administration/CFO 174900 0 0 0 0 0 0 0 11067 0 185967 0 0 0 Chris Krzak VP Enrollment & Retention 145860 0 0 0 0 0 4676 0 6136 0 156672 0 0 0 Janet Sr Thiel Asst. VP of University Assess. 153569 0 0 0 0 0 0 0 0 0 153569 0 0 0 Maureen Ryan-Hoffman Asst. VP for Fin & Controller 151667 0 0 0 0 0 5600 0 17252 0 174519 0 0 0 Evelyn Saul Quinn VP Mission Integration 109648 0 0 0 0 0 4060 0 6325 0 120033 0 0 0 A New Jersey Educational Facilities Authority 2017G 221829511 64606645A 2017-12-21 14383915 REFUND SERIES 2007 & CONSTRUCTION false false false B New Jersey Educational Facilities Auth 2014D 221829511 646066DG2 2014-04-29 19369367 REFUND 2004 ISSUE & CONSTRUCTION false false true C New Jersey Educational Facilities Authority 2016A 221829511 000000000 2016-07-26 20805115 REFUND SERIES 2005 & 2006 false false true D NEW JERSEY EDUCATIONAL FAC AUTH 2016B 221829511 646066F54 2016-12-20 30676062 FINANCE CAPITAL IMPROVEMENTS false false true A 295000 0 14383915 0 0 0 191599 0 0 5026650 916566 0 true true true true B 944442 0 944442 0 0 0 5526 0 0 751266 187650 0 2014 false true true true C 459321 0 802948 0 0 0 1869 0 0 0 801079 0 true false true true D 409275 0 572736 0 0 0 4603 0 0 504176 0 63957 false false false A false false true true false 0 false false false true B false false false false 0 false false false true C false false false false 0 false false false true D false false false 0 false false false true A false true false false 0 false 0 false true B false true false false 0 false 0 false true C false true false false 0 false 0 false true D false true false false 0 false 0 false true A true B true C true D true SCHEDULE K, PART I BOND A - NEW JERSEY EDUCATIONAL FACILITIES AUTHORITY, PROJECT REVENUE BONDS, 2017 SERIES PROJECT G. PART III, LINE 3A: ALL CONTRACTS FALL UNDER REV. PROC. 97-13 OR ARE INCIDENTAL IN NATURE AND DO NOT CONSTITUTE PRIVATE BUSINESS USE. BOND B - NEW JERSEY EDUCATIONAL FACILITIES AUTHORITY, HIGHER EDUCATION CAPITAL IMPROVEMENT FUND, SERIES 2014 D: PART II, LINE 3: BOND B 2014D IS A POOLED FINANCING BOND. THE PORTION REPORTED ON SCHEDULE K PART II IS REFLECTIVE OF ONLY GEORGIAN COURT UNIVERSITY'S PORTION. PART IV, LINE 2C: BOND B 2014D THE LAST COMPUTATION WAS DONE 07/06/2015. BOND C - NEW JERSEY EDUCATION FACILITIES AUTHORITY, HIGHER EDUCATION CAPITAL IMPROVEMENT FUND, SERIES 2016 A: PART II, LINE 3: BOND C 2016A IS A POOLED FINANCING BOND. THE PORTION REPORTED ON SCHEDULE K PART II IS REFLECTIVE OF ONLY GEORGIAN COURT UNIVERSITY'S PORTION. BOND D - NEW JERSEY EDUCATION FACILITIES AUTHORITY, HIGHER EDUCATION CAPITAL IMPROVEMENT FUND, SERIES 2016 B: PART II, LINE 3: BOND D 2016B IS A POOLED FINANCING BOND. THE PORTION REPORTED ON SCHEDULE K PART II IS REFLECTIVE OF ONLY GEORGIAN COURT UNIVERSITY'S PORTION. ERIN QUINN CRITCHETT BONCZEK SEE PART V 47129 EMPLOYEE COMPENSATION false FORM 990, Schedule L, Part IV ERIN QUINN CRITCHETT BONCZEK IS CURRENTLY AN EMPLOYEE OF THE UNIVERSITY AND A FAMILY MEMBER OF EVELYN SAUL QUINN, SHE IS THE FORMER VP FOR MISSION INTEGRATION. X 1 12677 FMV false true false ORGANIZATION'S MISSION FORM 990, PART I, LINE 1 GEORGIAN COURT OFFERS A COMPREHENSIVE LIBERAL ARTS EDUCATION IN THE ROMAN CATHOLIC TRADITION, WITH A SPECIAL CONCERN FOR WOMEN, AND IS COMMITTED TO ITS CORE VALUES OF JUSTICE, RESPECT, INTEGRITY, SERVICE, AND COMPASSION. FORM 990, PART III, 4A INSTRUCTIONAL DEGREE PROGRAM IN 2020-21 GEORGIAN COURT UNIVERSITY ENROLLED 2,231 STUDENTS IN 37 UNDERGRADUATE AND MORE THAN 13 DISTINCTIVE GRADUATE PROGRAMS THROUGH THE SCHOOL OF BUSINESS AND DIGITAL COMMUNICATION, THE SCHOOL OF EDUCATION, THE HACKENSACK MERIDIAN HEALTH SCHOOL OF NURSING, AND THE SCHOOL OF ARTS AND SCIENCES. THE UNIVERSITY'S FASTEST-GROWING AND MOST COMPETITIVE DEGREE PROGRAM, THE BACHELOR OF SCIENCE IN NURSING (BSN), BENEFITS FROM ITS PARTNERSHIP WITH HACKENSACK MERIDIAN HEALTH, ONE OF THE LARGEST HEALTHCARE NETWORKS IN NEW JERSEY. DURING THE 2020-21 ACADEMIC YEAR, 18 STUDENTS ENTERED THE UNIVERSITY'S NEW ACCELERATED BACHELOR OF NURSING (ABSN) PROGRAM, INTENDED FOR PREVIOUS COLLEGE GRADUATES SEEKING TO BECOME NURSES. THE NEW ABSN PROGRAM IS ONE OF THE MANY WAYS GCU CONTINUES TO MEET MARKETPLACE DEMANDS. AT THE GRADUATE LEVEL, WORKING PROFESSIONALS CONTINUE TO FIND GCU DEGREE PROGRAMS AND CERTIFICATE TRACKS BOTH ATTRACTIVE AND EFFECTIVE. IN FACT, A 2021 SURVEY OF GCU GRADUATE STUDENTS FOUND 87 PERCENT WERE SOMEWHAT OR EXTREMELY SATISFIED WITH THEIR UNIVERSITY EXPERIENCE. THE 2020-21 ACADEMIC YEAR SAW THE CONTINUED PROGRESS OF GCU'S FIRST DOCTORAL STUDENTS ENROLLED IN THE PSY.D. PROGRAM, WITH A CONCENTRATION IN SCHOOL COUNSELING. OUR HISTORY GEORGIAN COURT, LOCATED IN HISTORIC LAKEWOOD, NEW JERSEY, IS THE ONLY CATHOLIC INSTITUTION OF HIGHER EDUCATION SERVING RESIDENTS THROUGHOUT CENTRAL AND SOUTHERN NEW JERSEY. THE UNIVERSITY HAS HISTORIC ROOTS AS A WOMEN'S COLLEGE, AND SERVED MEN IN EVENING AND GRADUATE COURSES, USUALLY PART-TIME, UNTIL SEPTEMBER 2012. GCU BECAME FULLY COEDUCATIONAL IN SEPTEMBER 2013 WITH THE ADDITION OF MEN IN CAMPUS RESIDENCE HALLS AND THE LAUNCH OF MEN'S ATHLETICS. BY THE 2020-21 ACADEMIC YEAR, GCU'S UNDERGRADUATE POPULATION WAS 73% FEMALE AND 27% MALE WITH MEN PARTICIPATING IN SPORTS, STUDENT GOVERNMENT, CAMPUS MINISTRY, CAMPUS LEADERSHIP, AND RESIDENCE LIFE. GCU PROVIDES ALL STUDENTS WITH A VALUES-BASED LIBERAL ARTS EDUCATION THAT (1) ENHANCES THEIR MARKETABILITY AFTER GRADUATION; (2) EMPHASIZES PURPOSEFUL LEADERSHIP; AND (3) PREPARES THEM TO MAKE MEANINGFUL CONTRIBUTIONS IN THEIR CAREERS, IN COMMUNITIES AND IN THE LIVES OF OTHERS. AT THE SAME TIME, GCU EMPHASIZES THE IMPORTANCE OF FORMATION, WHOLE-PERSONHOOD AND EXPERIENCES THAT HELP STUDENTS BECOME JUST AND COMPASSIONATE MEMBERS OF SOCIETY. THE GCU OFFICE OF MISSION OFTEN LEADS THESE EFFORTS THROUGH SPECIAL PROGRAMMING, COLLOQUIA FOCUSED ON CATHOLIC INTELLECTUAL TRADITION, AND BY CREATING EXPERIENTIAL OPPORTUNITIES FOR STUDENTS. AS A ROMAN CATHOLIC UNIVERSITY, GCU WELCOMES STUDENTS FROM ALL RELIGIOUS, ETHNIC, AND SOCIOECONOMIC BACKGROUNDS. THE ENTIRE GCU COMMUNITY BENEFITS FROM THE UNIVERSITY'S EMBRACE OF ITS MERCY CORE VALUES OF RESPECT, INTEGRITY, JUSTICE, COMPASSION, AND SERVICE. GCU WAS ACKNOWLEDGED DURING THE 2020-21 ACADEMIC YEAR BY U.S. NEWS & WORLD REPORT IN ITS BEST REGIONAL UNIVERSITIES NORTH RANKINGS. AT #109, THE RANKINGS NOTED THE INCREASING PERCENTAGE OF FIRST-YEAR GCU STUDENTS WHO GRADUATE IN THE TOP 25% OF THEIR HIGH SCHOOL CLASS. GCU ALSO IMPROVED ITS PREDICTED VS. ACTUAL GRADUATION RATE, AND PLACED 89TH IN THE CATEGORY OF TOP PERFORMERS FOR SOCIAL MOBILITY. THE STUDENT EXPERIENCE GEORGIAN COURT UNIVERSITY EXCELS AT DELIVERING A CURRICULUM THAT IS DESIGNED TO ENGAGE STUDENTS AND ALLOWS FOR PERSONAL AND PROFESSIONAL EXPLORATION IN THEIR COURSEWORK IN AND OUTSIDE THE CLASSROOM. THE 2020-21 ACADEMIC YEAR BROUGHT UNUSUAL CHALLENGES AND PRESSURES BECAUSE OF COVID-19. YET, GCU STUDENTS RESPONDING TO THE NATIONAL SURVEY OF STUDENT ENGAGEMENT (NSSE) PULSE SURVEY, 71 PERCENT OF STUDENTS RATED THEIR INTERACTION WITH FACULTY AS GOOD OR EXCELLENT DURING THIS TIME. TWO OUT OF THREE (67 PERCENT) SAID GCU PROVIDED VERY MUCH OR QUITE A BIT OF SUPPORT TO HELP THEM SUCCEED ACADEMICALLY. ALSO, 60 PERCENT OF STUDENTS SAID THEIR COURSES HIGHLY CHALLENGED THEM TO DO TO THEIR BEST WORK. GCU'S SMALL STUDENT-FACULTY RATIO ALLOWS STUDENTS TO LEARN IN HIGHLY PERSONALIZED CLASSES AND ENABLES STUDENTS TO DO WELL-BEYOND ACADEMICS- BECAUSE OF HIGH-IMPACT LEARNING PRACTICES. THESE INCLUDE LEARNING COMMUNITIES, SERVICE LEARNING, RESEARCH WITH FACULTY, STUDY ABROAD, INTERNSHIPS AND SENIOR CAPSTONES. SUCH HIGH-IMPACT PRACTICES (HIIP) ARE A STRENGTH AT GEORGIAN COURT. NSSE RESULTS FOR 2021 INDICATE 55 PERCENT OF FIRST-YEAR STUDENTS PARTICIPATED IN SUCH PRACTICES, COMPARED TO 53 PERCENT OF THEIR PEERS AT OTHER MID-EAST COLLEGES AND UNIVERSITIES. BY SENIOR YEAR, 79 PERCENT OF GCU STUDENTS HAD AT LEAST TWO HIGH-IMPACT EXPERIENCES, COMPARED TO 69 PERCENT OF THEIR PEERS ELSEWHERE. ONE SIGNIFICANT EXAMPLE OF HIGH-IMPACT PRACTICES IN ACTION WAS THE WORK OF GCU NURSING STUDENTS THROUGHOUT THE PANDEMIC. IN FALL 2020, GEORGIAN COURT NURSING STUDENTS RETURNED TO CLINICAL SETTINGS AT HACKENSACK MERIDIAN HEALTH AND OTHER HOSPITALS. ABOUT 40 PERCENT OF THE NURSING SCHOOL'S MAY 2021 GRADUATES WORKED AT A HOSPITAL DURING THE PANDEMIC, AND MANY STUDENTS VOLUNTEERED TO ADMINISTER COVID-19 VACCINES AT LOCAL IMMUNIZATION SITES. ACROSS ALL MAJORS, GCU SENIORS RATED SELECT AREAS OF THEIR COLLEGE EXPERIENCE HIGHER THAN SENIORS ELSEWHERE. THEY REPORTED MORE COURSES THAT INCLUDED A COMMUNITY-BASED PROJECT AND MORE CULMINATING SENIOR EXPERIENCES. THEY ALSO GAVE HIGHER RATINGS TO TWO OTHER AREAS: THE INCLUSION OF DIVERSE PERSPECTIVES IN COURSE DISCUSSION OR ASSIGNMENTS, AND THE INSTITUTION'S EMPHASIS ON ATTENDING EVENTS THAT ADDRESS IMPORTANT SOCIAL, ECONOMIC, AND POLITICAL ISSUES. GCU'S LEARNING ENVIRONMENT, ITS APPROACHABLE FACULTY AND ITS EXTENSIVE RANGE OF PROGRAMS AIMED AT ENSURING STUDENT SUCCESS ARE IMPORTANT TO ALL LEARNERS. THEY ARE CRITICAL, HOWEVER, TO THOSE WHO ARE FIRST IN THEIR FAMILIES TO ATTEND COLLEGE. ABOUT 39 PERCENT OF ALL GCU STUDENTS IN 2020-21 WERE FIRST-GENERATION COLLEGE STUDENTS. THIS APPROACH IS ALSO IMPORTANT TO THE SUCCESS OF GCU STUDENTS FROM LOWER-INCOME FAMILIES, INCLUDING THE 43 PERCENT OF STUDENTS WHO RECEIVED FEDERAL PELL GRANTS IN 2020-21. ACCOLADES GEORGIAN COURT RECEIVED SEVERAL ACCOLADES IN 2020-21, INCLUDING BEING AMONG THE BEST INSTITUTIONS IN THE NORTHEAST REGION, AS RANKED BY U.S. NEWS & WORLD REPORT. THE MAGAZINE ALSO NOTED GCU'S ABILITY TO HELP STUDENTS FROM MODEST FINANCIAL BACKGROUNDS MOVE INTO THE MIDDLE CLASS. IN 2021, MOODY'S INVESTOR SERVICES IMPROVED GCU'S OUTLOOK TO "STABLE," CITING IMPROVED OPERATING PERFORMANCE IN FISCAL YEAR 2020 AND STABILIZATION OF FINANCIAL RESULTS IN FISCAL YEAR 2021. STANDARD & POOR'S UPGRADED GCU TO "STABLE" NOTING HOW THE INSTITUTION MAINTAINED AVAILABLE RESOURCES DESPITE PANDEMIC PRESSURES, IMPROVED FRESHMAN MATRICULATION, AND NEW PROGRAM OFFERINGS. GROWTH, RETENTION AND ACHIEVEMENT JUST AS THE UNIVERSITY CONTINUES TO GRADUATE HIGH-QUALITY, HIGH-PERFORMING ALUMNI, GCU IS ATTRACTING BETTER PREPARED STUDENTS. FOR EXAMPLE, IN FALL 2020, THE AVERAGE INCOMING FRESHMAN ATHLETE HAD A 3.5 GPA, AND AMONG ALL FRESHMEN, 81 PERCENT REMAINED AT GCU TO BECOME SOPHOMORES, POINTING TO STRONG RATES OF RETENTION. GCU'S MOMENTUM WAS NOT LIMITED TO ITS HISTORIC LAKEWOOD CAMPUS. DURING 2020-21, GCU CONTINUED TO ATTRACT SOCIAL WORK MAJORS AT THE UNIVERSITY'S CUMBERLAND COUNTY SITE, AND OTHER MAJORS TO GCU@HAZLET, THE UNIVERSITY'S PARTNER CAMPUS WITH BROOKDALE COMMUNITY COLLEGE. THE UNIVERSITY'S GRADUATE PROGRAMS CONTINUED TO THRIVE ONLINE, ENROLLING CAREER PROFESSIONALS FROM ACROSS NEW JERSEY AND BEYOND. THE UNIVERSITY'S NEWLY ESTABLISHED CENTER FOR PROFESSIONAL STUDIES (CPS) DELIVERED EXECUTIVE AND CONTINUING EDUCATION COURSES IN SUCH AREAS AS HUMAN RESOURCES MANAGEMENT AND DIVERSITY IN THE WORKPLACE. IN ADDITION, THE GCU BEGAN TO OFFER MINORS IN AFRICANA STUDIES, ETHICS, MULTIETHNIC STUDIES, SOCIAL JUSTICE, AND SOCIOLOGY. PROGRAMMING TO SUPPORT LATINX STUDENTS ALSO LAUNCHED WITH AVANZANDO, AN OUTGROWTH OF THE NATIONALLY ESTABLISHED UNIDOS-US ORGANIZATION. AVANZANDO FACILITATED WORKSHOPS, EXPERIENCES AND RESOURCES TO GCU STUDENTS WHO IDENTIFY AS LATINO. THE UNIVERSITY'S OVERARCHING COMMITMENT TO EQUITY, DIVERSITY AND INCLUSION WAS HIGHLIGHTED WITH THE SUCCESSFUL HIRING OF TWO CHIEF DIVERSITY OFFICERS. IN 2021, THE TWO NEW OFFICERS FURTHER INTEGRATED THE WORK OF DEI INTO THE GREATER MISSION IDENTITY AND VISION OF THE UNIVERSITY. GRANTS & GIVING FALL 2020 MARKED THE START OF A NEW TRIO-STUDENT SUPPORT SERVICES GRANT FOR MORE THAN $1.69 MILLION. THE FIVE-YEAR GRANT WILL HELP FIRST-GENERATION, LOW-INCOME, AND STUDENTS WITH DISABILITIES SUCCEED IN COLLEGE AND GRADUATE. GCU HAS BEEN A TRIO-SSS INSTITUTION FOR 40 YEARS. THE GRANT UNDERWRITES ACADEMIC TUTORING, PERSONAL COUNSELING, MENTORING, FINANCIAL GUIDANCE, AND OTHER SERVICES, TO HELP UPWARD OF 160 STUDENTS EACH YEAR. IN ADDITION, GCU SECURED NEARLY $2.5 MILLION FROM THE U.S. DEPARTMENT OF EDUCATION FOR A NEW PROGRAM CALLED TRANSITION AND CAREER STUDIES (TCS). THE TCS INITIATIVE WAS AMONG ONLY 22 NEW PROPOSALS FUNDED IN 2020-21THROUGH TRANSITION AND POSTSECONDARY PROGRAMS FOR STUDENTS WITH INTELLECTUAL DISABILITIES (TPSID)-THE FEDERAL EFFORT TO SUPPORT COMPREHENSIVE TRANSITION AND POSTSECONDARY PROGRAMS FOR STUDENTS WITH INTELLECTUAL DISABILITIES. THE OFFICE OF INSTITUTIONAL ADVANCEMENT FOCUSED ON AGGRESSIVE, BUT ATTAINABLE FUNDRAISING TARGETS WHICH RESULTED IN THE STRONGEST FUNDRAISING YEAR IN 10 YEARS. THIS INCLUDED RECORD-SETTING FUNDRAISING FROM MAJOR GIFT DONORS AND PLANNED GIVING. INSTITUTIONAL ADVANCEMENT RAISED OVER $2.3M, UP FROM $1.6M THE YEAR BEFORE, AND EXCEEDED FUNDRAISING TARGETS FOR CORPORATION AND FOUNDATIONS (103%) AND PLANNED GIVING (342%). DURING THIS TIME, ADVANCEMENT SECURED ADDITIONAL FUNDING FOR NURSING STUDENTS AND THOSE STUDYING HEALTH PROFESSIONS. A $200,000 DONATION MADE BY THE JULES L. PLANGERE, JR. FAMILY FOUNDATION PROVIDED CRUCIAL SCHOLARSHIP SUPPORT TO AN AREA WHERE OF GREAT NEED. ALSO, A $24,500 GRANT FROM THE PROVIDENT BANK FOUNDATION FUNDED A NEWBORN TORY NEONATAL SIMULATOR, GIVING NURSING STUDENTS ACCESS TO IMPORTANT DEMONSTRATIONS, HANDS-ON INSTRUCTION, AND TESTING MODULES. THESE AND OTHER EFFORTS STRENGTHEN RETENTION AND REFLECT THE UNIVERSITY'S ONGOING COMMITMENT TO DIVERSITY, ACCESSIBILITY, AFFORDABILITY, AND ITS HISTORIC CORE VALUES. COMMITMENT TO CORE VALUES THROUGH SERVICE SERVICE, A GCU CORE VALUE, IS EMBEDDED IN EXPERIENCES THROUGHOUT THE CURRICULUM AND STUDENT LIFE. THE 2020-21 YEAR BROUGHT REPEAT HONORS FROM THE NCAA'S 'HELPER HELPER' COMPETITION; EACH YEAR GCU ATHLETES PARTICIPATE IN THE NATIONAL PROGRAM BY VOLUNTEERING IN THE COMMUNITY. ONE EXAMPLE IS THE MEN'S SOCCER TEAM'S COMMITMENT TO THE SOCIETY OF ST. VINCENT DEPAUL, WHICH BENEFITS FROM THE ATHLETES WEEKLY COMMITMENT TO HELP FAMILIES ACQUIRE AND MOVE DONATED FURNITURE. HUNDREDS OF OTHER STUDENTS GAVE BACK TO THE COMMUNITY THROUGH VOLUNTEERISM WITH CAMPUS MINISTRY, THE COUNCIL FOR DIVERSITY AND INCLUSION, THE SOCIAL WORK CLUB, THE EDUCATION CLUB, AND VARIOUS ACADEMIC CLASSES. THE GRADUATING CLASS OF 2021 ALSO REFLECTED ON A SERVICE TRADITION THEY STARTED WITH THE INTERNATIONAL RELIEF ORGANIZATION, RISE AGAINST HUNGER. THESE STUDENTS ASSEMBLED MORE THAN 900 MEAL KITS FOR NEEDY, INTERNATIONAL FAMILIES. AT THE SAME TIME, STUDENTS ADDRESSED LOCAL FOOD INSECURITY ISSUES BY GROWING SERVICES OFFERED BY THE GCU CAMPUS FOOD PANTRY. STUDENT NEED AT GCU IN 2020-21, ABOUT 99 PERCENT OF FULL-TIME FIRST-YEAR STUDENTS RECEIVED FINANCIAL AID, WITH AN AVERAGE PACKAGE OF $30,421. OVERALL, 601 STUDENTS WERE AWARDED ABOUT $2.8 MILLION IN PELL GRANT FUNDING. IN ADDITION, THE GENEROSITY OF INDIVIDUALS AND FOUNDATION DONORS PROVIDES FOR MANY SCHOLARSHIPS. IN ADDITION, THE UNIVERSITY FUNDS MORE THAN $17 MILLION IN INSTITUTIONAL AID EACH YEAR. FORM 990, PART III, 4C STUDENT ATHLETES & PROGRAMS AS A MEMBER OF THE CENTRAL ATHLETIC COLLEGIATE CONFERENCE, GCU HAD 276 ATHLETES PARTICIPATING IN NCAA DIVISION II SPORTS. PROGRAMS ATTRACTED HIGH-ACHIEVING SCHOLAR-ATHLETES IN BASKETBALL, CROSS COUNTRY, LACROSSE, SOCCER, SOFTBALL, VOLLEYBALL, AND BOTH INDOOR AND OUTDOOR TRACK & FIELD. FRESHMEN ATHLETES AT GCU COME TO COLLEGE WELL-PREPARED: THE AVERAGE GPA IN FALL 2020 FOR INCOMING FRESHMEN ATHLETES WAS 3.5. STUDENT-ATHLETES ALSO GRADUATE AT RATES HIGHER THAN THE NATIONAL AVERAGE; AT GCU, THE SIX-YEAR GRADUATION RATE FOR ALL ATHLETES ON SCHOLARSHIPS WAS 65 PERCENT IN 2020-21. FORM 990, PART VI, SECTION A, LINE 7 IN APRIL 2006, THE SISTERS OF MERCY OF THE REGIONAL COMMUNITY OF NEW JERSEY TRANSFERRED THE SPONSORSHIP OF GEORGIAN COURT TO THE CONFERENCE FOR MERCY HIGHER EDUCATION (CMHE). CMHE COORDINATES COLLABORATION AMONG THE 16 MERCY COLLEGES AND UNIVERSITIES THROUGHOUT THE COUNTRY ON BEHALF OF THE INSTITUTE OF THE SISTERS OF MERCY OF THE AMERICAS. GEORGIAN COURT UNIVERSITY HAS A TWO-TIERED GOVERNANCE STRUCTURE, THE FIRST TIER CONSISTING OF CMHE (AS THE UNIVERSITY'S SOLE MEMBER) AND THE SECOND BEING THE DULY ELECTED BOARD OF TRUSTEES, WHICH INCLUDES THE PRESIDENT OF THE UNIVERSITY AS AN EX-OFFICIO MEMBER. CONTROL OF THE UNIVERSITY AND ITS AFFAIRS AND PROPERTY IS VESTED IN THE BOARD OF TRUSTEES PURSUANT TO THE UNIVERSITY'S BY-LAWS, SUBJECT TO THE POWERS RESERVED TO CMHE, INCLUDING AMONG OTHERS, THE POWER TO ESTABLISH THE PHILOSOPHY AND MISSION OF THE UNIVERSITY, ELECT OR REMOVE WITH OR WITHOUT CAUSE THE UNIVERSITY PRESIDENT AND MEMBERS OF THE BOARD OF TRUSTEES, APPROVE EXPENDITURES THAT ARE IN EXCESS OF A LEVEL REQUIRING APPROVAL OF THE HOLY SEE AND MERGE, CONSOLIDATE, DISSOLVE, OR CHANGE THE CORPORATE STRUCTURE OF THE UNIVERSITY. EXCEPT TO THE EXTENT RESERVED TO CMHE, THE BOARD OF TRUSTEES IS EMPOWERED TO MANAGE THE PROPERTY AND BUSINESS OF THE UNIVERSITY, INCLUDING WITHIN SUCH AUTHORITY, THE POWER TO DELEGATE SUCH RESPONSIBILITIES AND DUTIES TO THE OFFICERS OF GEORGIAN COURT UNIVERSITY AS THE BOARD OF TRUSTEES DEEMS APPROPRIATE. FORM 990, PART VI, SECTION B, LINE 11B THE UNIVERSITY'S FORM 990 WAS PREPARED BY AN INTERNATIONAL PUBLIC ACCOUNTING FIRM IN CONJUNCTION WITH THE UNIVERSITY'S FINANCIAL DEPARTMENT. A DRAFT IS PREPARED AND DISTRIBUTED TO THE FULL AUDIT COMMITTEE FOR REVIEW. THE AUDIT COMMITTEE RECOMMENDS AND APPROVES FOR RELEASE THE FORM 990. THE FORM 990 AS ULTIMATELY FILED WITH THE IRS IS DISTRIBUTED TO THE FULL BOARD. FORM 990, PART VI, SECTION B, LINE 12 EACH TRUSTEE, OFFICER, AND KEY EMPLOYEE OF THE UNIVERSITY IS REQUIRED TO ANNUALLY DISCLOSE ANY CONFLICTS OF INTEREST THAT ARISE BY VIRTUE OF THEIR EMPLOYMENT, BOARD SERVICE, FAMILY OR BUSINESS RELATIONSHIPS, OR POSITION WITH THE UNIVERSITY. THE UNIVERSITY MONITORS COMPLIANCE WITH ITS CONFLICT OF INTEREST POLICY THROUGH A CONFLICT OF INTEREST STATEMENT THAT IS COMPLETED BY EACH BOARD MEMBER AT THE ANNUAL JUNE MEETING. THESE ARE REVIEWED BY THE EXECUTIVE COMMITTEE OF THE BOARD. IN ADDITION TO BOARD MEMBERS, EXECUTIVE LEVEL AND FINANCE STAFF, ALL THOSE IN POSITIONS IDENTIFIED BY FUNCTION TO HAVE POSSIBLE INFLUENCE WITH CONTRACT, FINANCIAL TRANSACTIONS OR SYSTEMS WITHIN THE UNIVERSITY, COMPLETE THE QUESTIONNAIRE ANNUALLY. THESE ARE REVIEWED BY THE CHIEF FINANCIAL OFFICER AND DIRECTOR OF HUMAN RESOURCES. ANY DISCLOSED RELATIONSHIPS ARE COMMUNICATED TO THE CONTROLLER FOR THE PURPOSE OF AUDIT, INTERNAL CONTROLS AND COMPLETING THE FORM 990. POTENTIAL CONFLICTS ARE INVESTIGATED IMMEDIATELY. FORM 990, PART VI, SECTION B, LINE 15 THE UNIVERSITY UNDERTAKES A THOROUGH PROCESS TO ENSURE THAT THE EXECUTIVE COMPENSATION IT PAYS TO ITS TOP MANAGEMENT OFFICIAL AND ALL OF ITS OFFICERS AND KEY EMPLOYEES OF ORGANIZATION IS REASONABLE GIVEN THE MARKET IN WHICH THE UNIVERSITY OPERATES. CEO COMPENSATION: THE EXECUTIVE COMMITTEE OF THE BOARD, REVIEWS THE COMPENSATION PACKAGE OF THE PRESIDENT ANNUALLY AT ITS JUNE MEETING. COMPENSATION LEVEL IS DECIDED UPON UTILIZING COMPARATIVE DATA RECEIVED FROM THE HUMAN RESOURCE DEPARTMENT. OFFICER POSITIONS ARE ASSIGNED A SALARY RANGE ESTABLISHED BY A COMPENSATION STUDY DONE BY AN OUTSIDE FIRM AND THE EXECUTIVE COMMITTEE OF THE BOARD ALSO REVIEWS THE COMPENSATION FOR THESE EMPLOYEES WHO ARE CONSIDERED HIGHEST-PAID EMPLOYEES. THE OFFICERS RESIDE ON THE PRESIDENT'S ADMINISTRATIVE TEAM, CATEGORIZED AS THE EXECUTIVE LEVEL OF THE UNIVERSITY. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FINANCIAL STATEMENTS ARE LISTED WITH BOND REPORTING AGENCIES. FORM 990, PART VII THE SISTERS OF MERCY FILL VARIOUS ROLES WITHIN THE UNIVERSITY. SOME POSITIONS, WHICH WOULD OTHERWISE BE FILLED WITH LAY PERSONS, ARE ASSIGNED A VALUE FOR COMPENSATION AND PAYMENTS FOR THESE SERVICES ARE MADE TO THE SISTERS OF MERCY. THIS COMPENSATION IS NOT TREATED AS TAXABLE INCOME TO THE SISTERS SINCE THEY ARE MEMBERS OF A RELIGIOUS ORDER. THEREFORE, SISTERS WHO PROVIDED SERVICES TO THE UNIVERSITY ARE DEEMED TO BE AN INDEPENDENT MEMBERS OF THE GOVERNING BODY FOR PURPOSES OF PART VII OF THE FORM 990. FORM 990, PART XI, LINE 9 CHANGE IN SPLIT INTEREST AGREEMENT $195,415 Conference for Mercy Higher Education 8630 Fenton Street 934 Silver Spring MD 20190 431973007 Sponsorship MD 501(c)(3) 1 NA false Paul Delaurentis Perpetual Scholarship 400 Locust Street Lakewood NJ 08701 237814490 TRUST NJ Trust 10500 238437 1.00000 true Peter Delaurentis Perpetual Scholarship 400 Locust Street Lakewood NJ 08701 226640205 Trust NJ Trust 18000 392870 1.00000 true false true false false false false false false false false false false true false false false false false false