2022-05-12T15:41:04-05:00 2021-06-30 135565207 KPMG LLP 345 PARK AVENUE NEW YORK NY 101540102 990 2020-07-01 060646623 FAIRFIELD UNIVERSITY FAIR 2032544000 1073 NORTH BENSON ROAD FAIRFIELD CT 06824 MICHAEL TRAFECANTE VP FOR FINANCE 2032544000 2021-05-12 1 MICHAEL TRAFECANTE 999009999 PHILLIP GROFF P01247783 2127589700 2022-05-10 3 AAL1 IAL1 2020 2022-09-23 18:48:47Z MARK R NEMEC PHD 1073 NORTH BENSON ROAD FAIRFIELD CT 06824 370613562 0 X WWW.FAIRFIELD.EDU X 1942 CT TO DEVELOP THE CREATIVE INTELLECTUAL POTENTIAL OF ITS STUDENTS, SEE SCHEDULE O. 33 32 3201 625 68653 0 42818387 25478475 292896855 305199314 25627460 10831207 401787 277600 361744489 341786596 93000271 97686832 0 0 129444901 133123482 133339 164782 7448866 93667238 98277636 316245749 329252732 45498740 12533864 941659821 1075022921 322583237 338725265 619076584 736297656 X A FAIRFIELD UNIVERSITY EDUCATION HAS BECOME MORE INTEGRATED IN FOCUS, MORE GLOBAL IN OUTLOOK, AND MORE INTERNATIONAL IN ITS STRUCTURE THAN EVER BEFORE IN THE JESUIT TRADITION. SEE SCHEDULE O. 0 0 229607194 97686832 258854136 FAIRFIELD UNIVERSITY IS AN INSTITUTE OF HIGHER LEARNING WITH UNDERGRADUATE, GRADUATE, AND CONTINUING EDUCATION ACADEMIC PROGRAMS INCLUDING STUDENTS RESIDING ON CAMPUS. SEE SCHEDULE O. 40959335 43533631 AUXILIARY SERVICES INCLUDE THE COSTS OF ROOM AND BOARD FOR APPROXIMATELY 3,106 FULL-TIME UNDERGRADUATE STUDENTS LIVING ON CAMPUS IN RESIDENCE HALLS, TOWNHOUSES, AND APARTMENT COMPLEXES RESIDING ON A 200-ACRE CAMPUS. GRADUATE STUDENT HOUSING IS ALSO OFFERED IN INDEPENDENT OFF-CAMPUS HOUSES, AND IN AN APARTMENT STYLE RESIDENCE HALL. 2558618 2784645 OTHER ACTIVITIES. A VARIETY OF STUDENT SERVICES INCLUDING ARTS AND ENTERTAINMENT AT THE QUICK CENTER, STUDENT ACTIVITIES FOR CLUB SPORTS, AND OTHER ITEMS. 273125147 1 1 0 1 0 0 1 1 0 1 1 1 0 0 0 1 1 0 1 1 1 0 1 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 1 6681 0 1 3201 1 1 1 1 IT UK 0 0 0 1 1 0 0 0 0 0 0 X 33 32 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CT X MICHAEL TRAFECANTE 2032544000 1073 NORTH BENSON ROAD FAIRFIELD CT 06824 MARK R NEMEC PRESIDENT 45.00 0.00 X X 518359 0 125056 NANCY A ALTOBELLO TRUSTEE 5.00 0.00 X 0 0 0 REV JOHN F BALDOVIN SJ TRUSTEE 1.00 0.00 X 0 0 0 JOSEPH R BRONSON TRUSTEE 1.00 0.00 X 0 0 0 KEVIN P CANNON TRUSTEE 1.00 0.00 X 0 0 0 CARLOS M CARDOSO TRUSTEE 5.00 0.00 X 0 0 0 FRANK J CARROLL III TRUSTEE 5.00 0.00 X 0 0 0 REV GEORGE E COLLINS TRUSTEE 1.00 0.00 X 0 0 0 WILLIAM C CRAGER TRUSTEE 1.00 0.00 X 0 0 0 MARY RYAN CUNNINGHAM TRUSTEE 1.00 0.00 X 0 0 0 SHEILA KEARNEY DAVIDSON TRUSTEE 5.00 0.00 X 0 0 0 CHRISTOPHER C DESMARAIS TRUSTEE 5.00 0.00 X 0 0 0 THOMAS J FANNING SR TRUSTEE (AS OF 7-1-2020) 1.00 0.00 X 0 0 0 PATRICIA E GLASSFORD TRUSTEE 1.00 0.00 X 0 0 0 DOUGLAS W HAMMOND TRUSTEE 1.00 0.00 X 0 0 0 BRIAN P HULL TRUSTEE 1.00 0.00 X 0 0 0 REV GREGORY KALSCHEUR SJ TRUSTEE 1.00 0.00 X 0 0 0 CLAIRE M KNOPF TRUSTEE 1.00 0.00 X 0 0 0 STEPHEN M LESSING TRUSTEE 1.00 0.00 X 0 0 0 SHELAGH MAHONEY-MCNAMEE TRUSTEE 1.00 0.00 X 0 0 0 ANDREW J MCMAHON TRUSTEE 5.00 0.00 X 0 0 0 KRISTIN D MCMAHON TRUSTEE (AS OF 7-1-2020) 1.00 0.00 X 0 0 0 JOHN C MEDITZ TRUSTEE 5.00 0.00 X 0 0 0 ELNER L MORRELL TRUSTEE 1.00 0.00 X 0 0 0 ROBERT MURPHY JR TRUSTEE 5.00 0.00 X 0 0 0 PHILLIP J NEUGEBAUER TRUSTEE (AS OF 7-1-2020) 1.00 0.00 X 0 0 0 GAVIN G O'CONNOR TRUSTEE 1.00 0.00 X 0 0 0 BIFF J O'REILLY TRUSTEE 5.00 0.00 X 0 0 0 REV STEPHEN A PRIVETT SJ TRUSTEE 5.00 0.00 X 0 0 0 CHRISTOPHER C QUICK TRUSTEE 1.00 0.00 X 0 0 0 KATIE JACOBS ROBINSON TRUSTEE 1.00 0.00 X 0 0 0 ROSELLEN WALSH SCHNURR TRUSTEE 5.00 0.00 X 0 0 0 REV MICHAEL F TUNNEY SJ TRUSTEE 1.00 0.00 X 0 0 0 MICHAEL TRAFECANTE TREASURER 45.00 0.00 X 273272 0 124384 KRISTINE CARROLL SECRETARY 45.00 0.00 X 72256 0 49152 KEVIN LAWLOR EXEC VICE PRESIDENT (THRU 5-10-2021) 45.00 0.00 X 382611 0 114671 CHRISTINE SIEGEL PROVOST & SR VP ACADEMICS 45.00 0.00 X 320044 0 65531 RICHARD GREENWALD DEAN, SCHOOL OF CAS 45.00 0.00 X 255900 0 60256 WALTER HALAS VP OF ADVANCEMENT 45.00 0.00 X 297953 0 66430 JOHN YOUNG HEAD MBB COACH 45.00 0.00 X 425567 0 58189 ZHAN LI DEAN, SCHOOL OF BUSINESS 45.00 0.00 X 325524 0 37271 PAUL SCHLICKMANN DIRECTOR OF ATHLETICS 45.00 0.00 X 272396 0 63772 JONATHAN CARROLL CHIEF INFORMATION OFFICER 45.00 0.00 X 236477 0 117257 3380359 0 881969 263 0 1 0 SODEXO OPERATIONS LLC PO BOX 352 BUFFALO NY 14240 DINING SERVICES 13229414 GILBANE BUILDING COMPANY 7 JACKSON WALKWAY PROVIDENCE RI 02903 CONSTRUCTION 12325286 ABM INDUSTRY GROUP LLC 14141 SOUTHWEST FREEWAY SUITE 400 SUGAR LAND TX 77478 JANITORIAL 4407728 PAC GROUP LLC 126 SOUTH MAIN STREET TORRINGTON CT 06790 CONSTRUCTION 3200388 WHITING TURNER CONTRACTING CO 195 CHURCH STREET NEW HAVEN CT 06510 CONSTRUCTION 2441873 113 75523 4959952 20443000 5517304 25478475 TUITION & FEES 611600 258854136 258854136 AUXILIARY SERVICES 721000 43533631 43533631 OTHER PROGRAM SERVICES 900099 2784645 2784645 SUMMER CONFERENCES 900099 26902 26902 305199314 8144904 97025 8047879 443238 165638 277600 277600 -55274 332874 31277657 23047 25290554 3323847 5987103 -3300800 2686303 2686303 46927 75523 46927 0 341786596 305172412 68653 11067056 93460567 93460567 4226265 4226265 4711155 2540538 1504855 665762 96879829 76238109 16566933 4074787 3247648 2555687 555364 136597 21508133 16925498 3677998 904637 6776717 5197626 1267370 311721 796740 17970 778770 300586 34458 266128 39 39 164782 164782 190942 190942 19627695 17880319 1664524 82852 2106621 1918358 108533 79730 7352354 5496197 1393667 462490 4788966 1362098 3308145 118723 10609562 10609562 1316616 996268 291817 28531 194396 132911 56129 5356 11701996 9418805 2255481 27710 25174980 17304923 7707997 162060 1617061 171322 1445739 MAINTENANCE & EQUIPMENT 7219230 2800693 4408596 9941 CONSULTANTS & HONORARIA 1497017 1006023 404149 86845 LIBRARY ACQUISITIONS 1179437 1058159 81311 39967 STUDY ABROAD 327114 327114 0 0 2276284 1445677 744232 86375 329252732 273125147 48678719 7448866 318 1020 76579213 87770436 37015242 29534242 2281327 2121948 0 0 0 0 0 0 0 0 0 0 757876138 296146480 455803973 461729658 287124280 366420075 77551274 102313290 0 0 0 0 5304194 25132252 941659821 1075022921 36842775 50301480 2049330 1752346 17957569 9041756 265733563 276510834 0 0 0 0 0 0 0 0 0 1118849 322583237 338725265 X 338254777 378566883 280821807 357730773 619076584 736297656 941659821 1075022921 X 12533864 104816003 -128795 X 0 1 X 1 1 1 X 64139703 23956109 31852407 42763677 25478475 188190371 64139703 23956109 31852407 42763677 25478475 188190371 43164240 145026131 5071659 8509434 7971642 14130651 8353986 44037372 232227743 1425572193 0.62450 0.63180 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 39 39 0 PART II-B, LINE 1: FAIRFIELD UNIVERSITY INDIRECTLY INCURS LOBBYING EXPENSE THROUGH DUES PAID TO OTHER ORGANIZATIONS. X 9 30.00 2 0 1 1 65.00 40000 0 0 0 X X X X 0 357051925 5229014 118628213 4158615 11999924 146449 464604164 382450518 1402417 -15169929 4530960 6958998 141123 357051925 371182676 8226618 14081047 4407492 6465466 166865 382450518 355306266 6966222 25695257 3856209 12497141 431719 371182676 316913844 6966058 42738641 4138098 6544540 629639 355306266 0.38996 0.61004 0 0 9108009 9108009 632157632 218084091 414073541 85364896 69660071 15704825 31245601 8402318 22843283 461729658 PRIVATE EQUITY AND OTHER 31976167 F EQUITY FUNDS (NONREGISTERED) 22484311 F HEDGE FUND OF FUNDS 47852812 F 102313290 CAPITAL LEASES 1118849 1118849 X 348808440 104816003 -97603217 7212786 341595654 190942 190942 341786596 231587368 -97474422 -97474422 329061790 190942 190942 329252732 PART III, LINE 1A: SFAS 116 (ASC 958) FOOTNOTE THE ART COLLECTIONS ARE DONATED TO THE UNIVERSITY AND NOT RECOGNIZED IN THE ASSETS OF THE BALANCE SHEET. THE AUDITED FINANCIAL STATEMENTS DO NOT HAVE A FOOTNOTE REGARDING THE COLLECTIONS. PART III, LINE 4: ORGANIZATION'S COLLECTION THE ART COLLECTIONS ARE AN IMPORTANT CULTURAL RESOURCE OF THE UNIVERSITY, PROVIDING ARTS AND ACADEMIC ENRICHMENT TO THE STUDENTS, FACULTY, LOCAL COMMUNITY, AND INTERNATIONAL SCHOLARLY COMMUNITY. THE COLLECTIONS ARE HOUSED AT THE FAIRFIELD UNIVERSITY ART MUSEUM'S THOMAS J WALSH ART GALLERY, THE BELLARMINE HALL GALLERIES AND AT VARIOUS LOCATIONS ON CAMPUS. THE COLLECTIONS AREA OF THE MUSEUM'S WEBSITE PROVIDES DIGITAL ACCESS TO THESE WORKS OF ART, AND PROVIDES ART HISTORICAL AND TECHNICAL INFORMATION ABOUT THESE OBJECTS. THE FAIRFIELD UNIVERSITY ART MUSEUM IS DEDICATED TO PRESERVING, STUDYING, AND EXHIBITING THOSE OBJECTS ENTRUSTED TO ITS CARE, WHILE NEVER LOSING SIGHT OF ITS OBLIGATION TO EDUCATE AND INSPIRE ITS MANY AUDIENCES, FOR THE GREATER ENRICHMENT OF ALL. THE MUSEUM IS OPEN TO THE PUBLIC AND FREE OF CHARGE. PART V, LINE 4: THE UNIVERSITY'S ENDOWMENT IS AN AGGREGATION OF GIFTS PROVIDED BY DONORS WITH THE REQUIREMENT THE GIFTS BE HELD IN PERPETUITY TO GENERATE EARNINGS NOW AND IN FUTURE YEARS TO SUPPORT THE UNIVERSITY'S PROGRAMS OF INSTRUCTION, RESEARCH AND PUBLIC SERVICE AND FUNDS DESIGNATED BY THE BOARD OF TRUSTEES TO FUNCTION AS ENDOWMENT. EARNINGS FROM ENDOWMENT INVESTMENTS SUPPORT SCHOLARSHIPS, CHAIRS, PROFESSORSHIPS, FELLOWSHIPS, BASIC RESEARCH, AS WELL AS ACADEMIC AND PUBLIC SERVICE PROGRAMS. THE ENDOWMENT SHOULD PROVIDE STABILITY SINCE THE PRINCIPAL IS INVESTED AND EARNINGS ARE GENERATED YEAR AFTER YEAR. NET ASSETS ASSOCIATED WITH ENDOWMENT FUNDS, INCLUDING FUNDS DESIGNATED BY THE BOARD OF TRUSTEES TO FUNCTION AS ENDOWMENTS, ARE CLASSIFIED AND REPORTED BASED ON THE EXISTENCE OR ABSENCE OF DONOR-IMPOSED RESTRICTIONS. PART X, LINE 2: THE UNIVERSITY IS A NOT-FOR-PROFIT CORPORATION AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (THE CODE) AND IS GENERALLY EXEMPT FROM INCOME TAXES ON RELATED INCOME PURSUANT TO SECTION 501(A) OF THE CODE. THE UNIVERSITY RECOGNIZES THE EFFECTS OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT OF BEING SUSTAINED. THE UNIVERSITY EVALUATES, ON AN ANNUAL BASIS, THE EFFECTS OF ANY UNCERTAIN TAX POSITIONS ON ITS FINANCIAL STATEMENTS. AS OF JUNE 30, 2021 AND 2020, THE UNIVERSITY HAS NOT IDENTIFIED OR PROVIDED FOR ANY SUCH POSITIONS. PART XI, LINE 2D - OTHER ADJUSTMENTS: STUDENT FINANCIAL AID -97,686,832. UNCOLLECTIBLE PLEDGES WRITE-OFF -235,720. RENTAL EXPENSE 165,638. GAIN ON EXTINGUISHMENT 139,089. FUNDRAISING EXPENSE 46,927. VALUE IN SPLIT INTEREST AGREEMENT -32,319. PART XII, LINE 2D - OTHER ADJUSTMENTS: STUDENT FINANCIAL AID -97,686,832. RENTAL EXPENSE 165,638. FUNDRAISING EXPENSE 46,927. ROUNDING -155. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 SEE SUPPLEMENTAL PAGE PART I, LINE 3 FAIRFIELD UNIVERSITY ADMITS STUDENTS OF ANY SEX, RACE, COLOR, MARITAL STATUS, SEXUAL ORIENTATION, RELIGION, AGE, NATIONAL ORIGIN OR ANCESTRY, DISABILITY OR HANDICAP TO ALL THE RIGHTS, PRIVILEGES, PROGRAMS, AND ACTIVITIES GENERALLY ACCORDED OR MADE AVAILABLE TO STUDENTS OF THE UNIVERSITY. IT DOES NOT DISCRIMINATE ON THE BASIS OF SEX, RACE, COLOR, MARITAL STATUS, SEXUAL ORIENTATION, GENDER IDENTITY, VETERAN'S STATUS, POLITICAL IDEOLOGY, RELIGION, AGE, NATIONAL ORIGIN OR ANCESTRY, DISABILITY OR HANDICAP IN ADMINISTRATION OF ITS EDUCATIONAL POLICIES, ADMISSIONS POLICIES, EMPLOYMENT POLICIES, SCHOLARSHIP AND LOAN PROGRAMS, ATHLETIC PROGRAMS, OR OTHER UNIVERSITY-ADMINISTERED PROGRAMS. THIS INFORMATION IS OUTLINED ON FAIRFIELD UNIVERSITY'S PUBLIC WEBSITE. PART I, LINE 6 FAIRFIELD UNIVERSITY RECEIVES GRANTS, AWARDS AND FINANCIAL ASSISTANCE FOR ITS STUDENTS FROM VARIOUS GOVERNMENTAL AGENCIES. THE UNIVERSITY HAS ALWAYS BEEN IN GOOD STANDING AND THE RIGHT TO RECEIVE SUCH AID HAS NEVER BEEN REVOKED OR SUSPENDED. 1 EUROPE (INCLUDING ICELAND AND GREENLAND) 2 6 PROGRAM SERVICES STUDY ABROAD PROGRAM 402799 CENTRAL AMERICA AND THE CARIBBEAN GRANTMAKING 94050 EAST ASIA AND THE PACIFIC GRANTMAKING 1139689 EUROPE (INCLUDING ICELAND AND GREENLAND) GRANTMAKING 1587272 MIDDLE EAST AND NORTH AFRICA GRANTMAKING 56900 NORTH AMERICA GRANTMAKING 512314 RUSSIA AND THE NEWLY INDEPENDENT STATES GRANTMAKING 118910 SOUTH AMERICA GRANTMAKING 115550 SOUTH ASIA GRANTMAKING 372350 SUB-SAHARAN AFRICA GRANTMAKING 229230 CENTRAL AMERICA AND THE CARIBBEAN INVESTMENTS 64046475 EUROPE (INCLUDING ICELAND AND GREENLAND) INVESTMENTS 834017 2 6 0 0 2 6 4027484 65482072 69509556 SCHOLARSHIP CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 3 94050 SCHOLARSHIP EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 81 1139689 SCHOLARSHIP EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIU 39 1587272 SCHOLARSHIP MIDDLE EAST AND NORTH AFRICA - ALGERIA, BAHRAIN, DJIBOUTI, EGYPT, 5 56900 SCHOLARSHIP NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES 13 512314 SCHOLARSHIPS RUSSIA AND THE INDEPENDENTLY NEW STATES 3 118910 SCHOLARSHIP SOUTH AMERICA - ARGENTINA, BOLIVIA, BRAZIL, CHILE, COLUMBIA, ECUADOR, 8 115550 SCHOLARSHIP SOUTH ASIA - AFGHANISTAN, BANGLADESH, BHUTAN, INDIA, MALDIVES, NEPAL, 23 372350 SCHOLARSHIP SUB-SAHARAN AFRICA - ANGOLA, BENIN, BOTSWANA, BURKINA FASO, 7 229230 1 0 1 1 1 0 PART III ACCOUNTING METHOD: PART I, LINE 1 THE UNIVERSITY HAS IN PLACE INTERNAL CONTROLS TO ENSURE AMOUNTS ARE AWARDED TO STUDENTS WHO CONTINUE TO MEET AND MAINTAIN ELIGIBILTY REQUIREMENTS. THESE INTERNAL CONTROLS ARE ADMINISTRATED BY THE UNIVERSITY'S FINANCIAL AID OFFICE. PART 1, LINE 3 STUDY ABROAD PROGRAMS AND GRANTMAKING ARE REPORTED ON THE ACCRUAL METHOD. INVESTMENTS ARE REPORTED AT FAIR MARKET VALUE. SCHEDULE F - GRANTMAKING THE UNIVERSITY OFFERS FINANCIAL ASSISTANCE IN THE FORM OF LOANS, GRANTS, EMPLOYMENT (WORK STUDY) AND SCHOLARSHIPS. THE AWARDS ARE AWARDED TO STUDENTS MEETING CERTAIN ELIGIBILITY REQUIREMENTS. THE PROGRAMS ARE ADMINISTERED BY THE FINANCIAL AID OFFICE. X X X X X X 1 GIVECAMPUS INC 903 G ST SE WASHINGTON DC 20003 EXTERNAL WEBSITE 0 114932 10770 104162 GREATER GIVING 1920 NE STUCKI AVE SUITE 140 HILLSBORO OR 97006 EXTERNAL WEBSITE 0 65875 5255 60620 180807 16025 164782 CT FL NJ NY PREP AUCTION 65875 26058 39817 38610 1207 PREP GOLF OUTING 56575 49465 7110 141 155 6814 122450 75523 46927 38751 155 8021 46927 0 1 INSTITUTIONAL SCHOLARSHIPS 6184 78303897 ATHLETIC SCHOLARSHIPS 325 6538533 STATE AND FEDERAL GRANTS 719 859886 PREP SCHOOL FINANCIAL AID 287 3079814 OTHER FINANCIAL AID 730 4678437 PART I, LINE 2: THE UNIVERSITY OFFERS FINANCIAL ASSISTANCE IN THE FORM OF LOANS, GRANTS, EMPLOYMENT (WORK STUDY) AND SCHOLARSHIPS. THE AWARDS ARE AWARDED TO STUDENTS MEETING CERTAIN ELIGIBILITY REQUIREMENTS. THE PROGRAMS ARE ADMINISTERED BY THE FINANCIAL AID OFFICE WHICH HAS VARIOUS INTERNAL CONTROLS IN PLACE TO MONITOR THE AMOUNT OFFERED TO STUDENTS. AN ANNUAL UNIFORM GUIDANCE AUDIT IS CONDUCTED FOR THE FINANCIAL AID PROGRAMS AND THE FISAP REPORT IS PREPARED ANNUALLY FOR THE DEPARTMENT OF EDUCATION. AMOUNTS OF AID AWARDED ARE CREDITED TO STUDENT ACCOUNTS AND NOT SENT DIRECTLY TO THE STUDENT. X X X 1 1 X X X X 0 0 0 0 0 0 0 0 0 MARK R NEMEC PRESIDENT 493531 0 0 0 24828 0 25650 0 99406 0 643415 0 0 0 KEVIN LAWLOR EXEC VICE PRESIDENT (THRU 5-10-2021) 374623 0 0 0 7988 0 24218 0 90453 0 497282 0 0 0 JOHN YOUNG HEAD MBB COACH 422255 0 0 0 3312 0 25558 0 32631 0 483756 0 0 0 MICHAEL TRAFECANTE TREASURER 273272 0 0 0 0 0 19373 0 105011 0 397656 0 0 0 CHRISTINE SIEGEL PROVOST & SR VP ACADEMICS 320044 0 0 0 0 0 22021 0 43510 0 385575 0 0 0 WALTER HALAS VP OF ADVANCEMENT 294320 0 0 0 3633 0 21194 0 45236 0 364383 0 0 0 ZHAN LI DEAN, SCHOOL OF BUSINESS 319524 0 0 0 6000 0 21785 0 15486 0 362795 0 0 0 JONATHAN CARROLL CHIEF INFORMATION OFFICER 236477 0 0 0 0 0 17559 0 99698 0 353734 0 0 0 PAUL SCHLICKMANN DIRECTOR OF ATHLETICS 269305 0 0 0 3091 0 19893 0 43879 0 336168 0 0 0 RICHARD GREENWALD DEAN, SCHOOL OF CAS 243500 0 0 0 12400 0 16871 0 43385 0 316156 0 0 0 PART I, LINE 1A THE PRESIDENT RESIDES IN A HOUSE THAT WAS DONATED TO THE UNIVERSITY SPECIFICALLY FOR THE PRESIDENT'S USE. THE HOUSE IS USED EXTENSIVELY FOR UNIVERSITY EVENTS. THE PRESIDENT LIVES IN THE HOUSE FOR THE CONVENIENCE OF THE UNIVERSITY. CLEANING SERVICES ARE PROVIDED FOR THE HOUSE AS UNIVERSITY EVENTS ARE CONDUCTED THERE. ALL AMOUNTS ARE INCLUDED IN NON-TAXABLE BENEFITS IN COLUMN D OF SCHEDULE J, PART II, COLUMN (D). THE UNIVERSITY PROVIDES AN APARTMENT FOR USE BY THE DEAN OF THE SCHOOL OF BUSINESS AND THE PRESIDENT OF THE SECONDARY HIGH SCHOOL. ALL AMOUNTS ARE INCLUDED IN TAXABLE INCOME. HEALTH OR SOCIAL CLUB DUES OR INITIATION FEES: THE PRESIDENT RECEIVED MEMBERSHIP TO A CLUB FOR THE PURPOSE OF ENTERTAINING POTENTIAL DONORS. ALL AMOUNTS ARE INCLUDED IN TAXABLE INCOME. A CHEFA 2016 SERIES Q-1 060806186 20774YYR2 2016-02-25 53583942 CONSTRUCT OF VAR CAMPUS FACILITIES 0 0 0 B CHEFA 2016 SERIES Q-2 060806186 20774YZH3 2016-03-30 20006907 PARTIALLY REFUND CHEFA SERIES 2008 0 0 0 C CHEFA 2017 SERIES R 060806186 20774Y381 2017-12-20 121950419 REFUND CHEFA SERIES O CONSTRUCTION 0 0 0 D CHEFA 2018 SERIES S 060806186 20774Y3Y1 2018-04-04 75309545 REFUND CHEFA SERIES M & N 0 0 0 A 53583942 3138393 525083 49920466 2018 0 0 1 1 B 2960000 20006907 291476 19715431 0 1 1 1 C 121950419 808952 40000000 81141467 0 1 1 1 D 10060000 75309545 554389 74755156 2018 1 0 1 1 A 0 0 1 1 0 0.00000 0.00000 0.00000 0 0 1 B 0 0 1 1 1 1 0.00000 0.00000 0.00000 0 0 1 C 0 0 1 1 0 0.00000 0.00000 0.00000 0 0 1 D 0 0 1 1 0 0.00000 0.01700 0.01700 0 0 1 A 0 0 0 1 0 0 0 0 1 B 0 0 0 1 0 0 0 0 1 C 0 1 0 0 0 0 0 0 1 D 0 1 0 0 0 0 0 0 1 A 1 B 1 C 1 D 1 PART II, LINE 11 CHEFA 2016 SERIES Q-2 BOND: THE OTHER SPENT PROCEEDS WERE USED TO ADVANCE REFUND A PORTION OF THE SERIES M BOND ISSUE. CHEFA 2017 SERIES R BOND: THE OTHER PROCEEDS WERE USED TO REFUND SERIES O. THE REMAINING $40 MILLION WAS USED FOR THE CONSTRUCTION OF NEW JR/SR TOWNHOUSES AND RENOVATIONS OF OTHER CAMPUS FACILITIES. CHEFA 2018 SERIES S BOND: THE OTHER SPEND PROCEEDS WERE USED TO CURRENTLY REFUND THE 2008 SERIES M AND SERIES N BOND ISSUES. CHEFA 2020 SERIES T BOND: THE OTHER SPENT PROCEEDS WERE USED TO REFUND THE 2010 SERIES P BOND SERIES. PART III, LINE 3A ALL MANAGEMENT AND SERVICE CONTRACTS IN BOND FINANCED SPACE HAVE BEEN PREVIOUSLY REVIEWED BY BOND COUNSEL. THEY WERE DETERMINED TO FALL UNDER THE SAFE HARBOR PROVIDED BY REVENUE PROCEDURE 2007-17 AND WILL NOT RESULT IN PRIVATE BUSINESS USE. PART III, LINE 3C RESEARCH AGREEMENTS: RESEARCH AGREEMENTS RELATING TO BONDS ISSUE HAVE BEEN REVIEWED BY BOND COUNSEL TO ENSURE THEY ARE COMPLIANT WITH THE APPLICABLE SAFE HARBORS. THE RESEARCH AGREEMENTS DID NOT RESULT IN ANY PRIVATE BUSINESS USE. PART IV, LINE 2C THE DATE OF MOST RECENT REBATE CALCULATION FOR THE CHEFA 2016 SERIES Q-1 WAS FEBRUARY 25, 2021. THE DATE OF THE MOST RECENT REBATE CALCULATION FOR THE CHEFA 2016 Q-2 WAS MARCH 30, 2021. A CHEFA 2020 SERIES T 060806186 20775DHW5 2020-09-10 28063429 REFUND CHEFA SERIES P CONSTRUCTION 0 0 0 A 705000 28063429 489189 1892166 6949859 18732215 1 0 0 1 A 0 0 1 1 0 0.00000 0.00000 0.00000 0 0 1 A 0 1 0 0 0 0 0 0 1 A 1 X 393 0 APPRAISALS X 67 4102509 FMV X OTHER - GIK 27 1414795 FMV 3 0 0 0 PART I, LINE 1, COLUMN (C) WORKS OF ART FAIRFIELD UNIVERSITY DOES NOT REPORT AN APPRAISED VALUE FOR WORK OF ARTS IN ITS AUDITED FINANCIAL STATEMENTS. PART I, PART I, COLUMN B THE NUMBER IN SCHEDULE M, PART I, COLUMN B REPRESENTS THE NUMBER OF ITEMS CONTRIBUTED. FORM 990, PART I, LINE 1 FAIRFIELD'S MISSION IS TO DEVELOP THE CREATIVE INTELLECTUAL POTENTIAL OF ITS STUDENTS AND TO FOSTER IN THEM ETHICAL AND RELIGIOUS VALUES AND A SENSE OF SOCIAL RESPONSIBILITY. PART III, LINE 1 THE PURPOSE OF FAIRFIELD UNIVERSITY IS TO ESTABLISH, ORGANIZE, MAINTAIN AND CONDUCT AN INSTITUTION FOR INTERMEDIATE, SECONDARY, UNDERGRADUATE AND GRADUATE EDUCATION IN THE STATE OF CONNECTICUT, AND TO PERFORM SUCH OTHER WORKS OF EDUCATION, CHARITY AND RELIGION. A FAIRFIELD UNIVERSITY EDUCATION HAS BECOME MORE INTEGRATED IN FOCUS, MORE GLOBAL IN OUTLOOK, AND MORE INTENTIONAL IN ITS STRUCTURE THAN EVER BEFORE IN THE JESUIT TRADITION. WE ARE COMMITTED TO CREATING A STUDENT-FOCUSED, HOLISTIC, AND DIVERSE EDUCATIONAL ENVIRONMENT INTENDED TO EDUCATE THE WHOLE PERSON, MIND, BODY AND SPIRIT. WE WANT TO CULTIVATE IN BOTH OUR UNDERGRADUATE AND GRADUATE STUDENTS A SENSE OF COMMUNITY AND STRONG ETHICAL AND SPIRITUAL VALUES TO GUIDE THEM ON THEIR PATHS INTO THE FUTURE. COVID-19 IMPACT IN RESPONSE TO COVID-19, THE UNITED STATES CONGRESS PASSED THE CORONAVIRUS AID, RELIEF AND ECONOMIC SECURITY (CARES) ACT ON MARCH 27, 2020 AND THE CORONAVIRIS RESPONSE AND RELIEF SUPPLEMENTAL APPROPRIATIONS ACT (CRRSAA) ON DECEMBER 27, 2020. THE UNIVERSITY RECOGNIZED $1,692,000 IN GRANT REVENUE AS A RESULT OF THE CARES AND CRRSAA ACTS IN FISCAL YEAR 2021. THE FUNDS WERE USED TO AWARD COVID-19 RELIEF AID TO STUDENTS, AS WELL AS, TO OFFSET COSTS INCURRED BY THE UNIVERSITY RELATED TO COVID-19, INCLUDING ADJUSTMENTS TO ROOM AND BOARD. PART III, LINE 4A FAIRFIELD UNIVERSITY IS AN INSTITUTION OF HIGHER LEARNING WITH UNDERGRADUATE, GRADUATE, DOCTORATE AND CONTINUING EDUCATION ACADEMIC PROGRAMS INCLUDING STUDENTS RESIDING ON CAMPUS. FULL-TIME EQUIVALENT ENROLLMENT FOR THE 2020-2021 ACADEMIC YEAR WAS 4,272 UNDERGRADUATES AND 774 GRADUATE STUDENTS WITH APPROXIMATELY 3,106 STUDENTS LIVING IN ON-CAMPUS RESIDENCES. ALSO INCLUDED IN OUR PROGRAM SERVICES IS A SECONDARY PREPARATORY SCHOOL WITH AN ENROLLMENT OF APPROXIMATELY 740 STUDENTS. FAIRFIELD UNIVERSITY WELCOMED 1,118 MEMBERS OF THE CLASS OF 2024 AND 59 TRANSFER STUDENTS TO CAMPUS IN THE FALL OF 2020. THE CLASS OF 2024 IS A STRONG CLASS, WITH AN AVERAGE SAT SCORE OF 1264 UNDER THE NEW SCORING SYSTEM. CONTINUED REFINEMENT OF THE FINANCIAL AID PROCESS AS WELL AS ENHANCEMENTS TO CAMPUS PROGRAMMING AND FOLLOW UP COMMUNICATION EFFORTS RESULTED IN A CLASS THAT EXCEEDED OUR BUDGETED GOALS. FAIRFIELD UNIVERSITY WAS ONCE AGAIN RECOGNIZED IN THE ANNUAL U.S. NEWS AND WORLD REPORT (USNWR) BEST COLLEGES 2022 RANKINGS. THE UNIVERSITY TOPPED THE 2022 ANNUAL LISTS WITH BOTH REGIONAL AND NATIONAL DISTINCTIONS. PLACING HIGH UP ON THE BEST REGIONAL UNIVERSITIES IN THE NORTH LIST AT #3, FAIRFIELD WAS ALSO RANKED AT #3 AMONG THE MOST INNOVATIVE SCHOOLS IN THE NORTHERN REGION, AND #3 ON THE BEST UNDERGRADUATE TEACHING - REGIONAL UNIVERSITIES LIST. THE UNIVERSITY JUMPED TWO SPOTS TO #19 FOR BEST VALUE SCHOOLS - REGIONAL UNIVERSITIES NORTH. NATIONALLY, FAIRFIELD UNIVERSITY'S CHARLES F. DOLAN SCHOOL OF BUSINESS PROGRAMS WERE RECOGNIZED IN THE TOP 32 PERCENT, AT #166 ON THE BEST UNDERGRADUATE BUSINESS PROGRAMS LIST - UP 14 SPOTS FROM THE PREVIOUS YEAR. FOR BEST UNDERGRADUATE BUSINESS PROGRAMS - ACCOUNTING, FAIRFIELD DOLAN WAS RANKED NEAR THE TOP AT #21, JUMPING 23 SPOTS FROM 2021. ADDITIONALLY, FAIRFIELD DOLAN ROSE TO #16 FOR BEST UNDERGRADUATE BUSINESS PROGRAMS - FINANCE, AND TO #23 ON THE BEST UNDERGRADUATE BUSINESS PROGRAMS - MARKETING. BEST UNDERGRADUATE BUSINESS PROGRAMS - BUSINESS ANALYTICS, RANKED #13. NEW THIS YEAR, U.S. NEWS & WORLD REPORT INCLUDED BEST UNDERGRADUATE NURSING PROGRAMS IN THEIR RANKINGS. FAIRFIELD'S MARION PECKHAM EGAN SCHOOL OF NURSING AND HEALTH STUDIES WAS RANKED IN THE TOP 11 PERCENT NATIONALLY AT #76 (TIED) OUT OF ALMOST 700 SCHOOLS. FAIRFIELD'S SCHOOL OF ENGINEERING LANDED AT #109 IN THE TOP HALF OF SCHOOLS RANKED FOR BEST UNDERGRADUATE ENGINEERING PROGRAMS - NO DOCTORATE. THE UNIVERSITY ALSO RANKED #5 OUT OF 13 COLLEGES THAT GIVE MERIT AID TO THE MOST STUDENTS. IN OTHER NATIONAL RANKINGS, FAIRFIELD UNIVERSITY HAS ONCE AGAIN BEEN RANKED IN THE TOP 5 PERCENT NATIONWIDE IN COLLEGE FACTUAL'S ANNUAL BEST QUALITY RANKINGS. BACHELOR'S, MASTER'S AND DOCTORATE LEVEL PROGRAMS ACROSS THE UNIVERSITY RECEIVED HIGH NATIONAL PLACEMENT IN CATEGORIES SUCH AS BUSINESS, MANAGEMENT & MARKETING; MANAGEMENT INFORMATION SYSTEMS; ACCOUNTING; MARKETING; FINANCE & FINANCIAL MANAGEMENT; COMMUNICATION & JOURNALISM; NURSING; AND MENTAL HEALTH & SOCIAL HEALTH SERVICES. COLLEGE FACTUAL ANALYZES MORE THAN 2,000 SCHOOLS ANNUALLY TO DETERMINE ITS RANKINGS IN A VARIETY OF CATEGORIES. REGIONALLY, FAIRFIELD WAS RANKED #1 IN BEST SCHOOL PSYCHOLOGY MASTER'S DEGREE SCHOOLS; #1 IN BEST COMMUNICATION & MEDIA STUDIES MASTER'S DEGREE SCHOOLS; #1 IN BEST PUBLIC RELATIONS & ADVERTISING BACHELOR'S DEGREE SCHOOLS; #1 IN BEST NURSING DOCTOR'S DEGREE SCHOOLS; AND #2 IN BEST PSYCHIATRIC/MENTAL HEALTH NURSING DOCTOR'S DEGREE SCHOOLS. FAIRFIELD WAS ALSO RANKED AMONG THE TOP 25 PERCENT OF COLLEGES AND UNIVERSITIES IN THE NATION, AND AMONG THE TOP 15 PERCENT FOR ENGAGEMENT ACCORDING TO THE WALL STREET JOURNAL (WSJ)/TIMES HIGHER EDUCATION (THE) 2022 COLLEGE RANKING. AMONG SCHOOLS IN THE NORTHEAST REGION, FAIRFIELD WAS RANKED #76. WITHIN THE "ENGAGEMENT" CATEGORY, WHICH CONSIDERS STUDENT ENGAGEMENT, INTERACTION WITH TEACHERS AND STUDENTS, STUDENT RECOMMENDATION AND ACCREDITED PROGRAMS, FAIRFIELD WAS RANKED IN THE TOP 100 AT #96. ADDITIONALLY, THE MOST RECENT UPDATE OF THE CARNEGIE CLASSIFICATION OF INSTITUTIONS OF HIGHER EDUCATION, RELEASED DECEMBER 2021, HAS ELEVATED FAIRFIELD UNIVERSITY TO THE DOCTORAL CLASSIFICATION, AS ONE OF 73 NEW DOCTORAL PROFESSIONAL INSTITUTIONS TO BE ADDED TO THIS CATEGORY. FAIRFIELD WAS FORMERLY CLASSIFIED AMONG MASTER'S INSTITUTIONS. FORM 990, PART VI, SECTION A, LINE 2 BOARD OF TRUSTEE MEMBERS ANDREW J. MCMAHON AND KRISTIN D. MCMAHON ARE RELATED THROUGH MARRIAGE (BROTHER AND SISTER-IN-LAW). FORM 990, PART VI, SECTION B, LINE 11B IT IS THE POLICY OF FAIRFIELD UNIVERSITY THAT EACH VOTING MEMBER OF THE FINANCE AND AUDIT COMMITTEE OF THE BOARD OF TRUSTEES IS PRESENTED WITH A COPY OF THE COMPLETED IRS FORM 990 BEFORE IT IS FILED WITH THE IRS. FORM 990 IS REVIEWED AND APPROVED BY THE VICE PRESIDENT FOR FINANCE BEFORE IT IS FORWARDED TO THE FINANCE AND AUDIT COMMITTEE. FORM 990, PART VI, SECTION B, LINE 12C MEMBERS OF THE BOARD OF TRUSTEES ARE ASKED TO SIGN A CONFLICT OF INTEREST STATEMENT. THE STATEMENT SHALL BE SIGNED ANNUALLY BY EACH BOARD MEMBER AS A CONDITION OF MEMBERSHIP ON THE BOARD OF TRUSTEES. EACH TRUSTEE IS EXPECTED TO DISCLOSE IN WRITING TO THE CHAIRMAN OF THE BOARD ALL SITUATIONS IN WHICH CONFLICTS MIGHT EXIST OR APPEAR TO EXIST. CONFLICT OF INTEREST STATEMENTS ARE COLLECTED AND REVIEWED BY THE UNIVERSITY SECRETARY. NO TRUSTEE HAVING INTERESTS CONFLICTING WITH THE INTERESTS OF THE UNIVERSITY, OR APPEARING SO, SHALL TAKE PART IN THE DELIBERATIONS OR VOTES OF THE BOARD INVOLVING THE QUESTION CONCERNING THE CONFLICT NOR SEEK TO INFLUENCE THE OTHER TRUSTEES ON THAT QUESTION. FORM 990, PART VI, SECTION B, LINE 15 THE REVIEW PROCESS INCLUDES ALL OF THESE ELEMENTS (1) REVIEW AND APPROVAL BY THE BOARD OF TRUSTEES--COMPENSATION IS REVIEWED AND APPROVED BY THE BOARD OF TRUSTEES OF FAIRFIELD UNIVERSITY EVERY TWO YEARS, PROVIDED THAT PERSONS WITH CONFLICTS OF INTEREST WITH RESPECT TO THE COMPENSATION ARRANGEMENT AT ISSUE ARE NOT INVOLVED IN THIS REVIEW AND APPROVAL. (2) USE OF DATA AS TO COMPARABLE COMPENSATION--THE COMPENSATION OF THE PERSON IS REVIEWED AND APPROVED USING DATA AS TO COMPARABLE COMPENSATION FOR SIMILARLY QUALIFIED PERSONS IN FUNCTIONALLY COMPARABLE POSITIONS AT SIMILARLY SITUATED UNIVERSITIES. THE FOLLOWING METHODS HAVE BEEN USED: A. REVIEW BY AN INDEPENDENT THIRD PARTY; B. CONDUCT MARKET ASSESSMENT OF SALARIES; AND C. EVALUATE THE APPROPRIATENESS OF THE CURRENT SALARY STRUCTURE TO ENSURE THAT WE ARE AND REMAIN COMPETITIVE WITH THE MARKET, AS WELL AS REMAIN INTERNALLY EQUITABLE. (3) CONTEMPORANEOUS DOCUMENTATION AND RECORDKEEPING--THERE IS CONTEMPORANEOUS DOCUMENTATION AND RECORD KEEPING WITH RESPECT TO THE DELIBERATIONS AND DECISIONS REGARDING THE COMPENSATION ARRANGEMENT. COMPENSATION ARRANGEMENT THE LAST TIME OF REVIEW WAS JULY 2021. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS SUCH AS FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICY AND WHISTLEBLOWER POLICY ARE AVAILABLE ON THE UNIVERSITY'S WEBSITE AND ALSO BY REQUEST. FORM 990, PART XI, LINE 9: GAIN ON EXTINGUISHMENT OF DEBT 139,089. UNCOLLECTIBLE PLEDGES WRITE-OFF -235,720. CHANGE IN SPLIT INTEREST AGGREEMENT -32,319. ROUNDING 155.