SACRED HEART UNIVERSITY: Form 990, tax year 2020

View the entire original 990 at ProPublica ↗

Organization
SACRED HEART UNIVERSITY (EIN 06-0776644)
Tax period
2020-07-01 to 2021-06-30
Filed
2022-05-14
IRS object ID
202221349349301002
Schema version
2020v4.2
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2022-05-14T02:11:20-05:00ReturnTs
Tax Period End2021-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN221478099PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1COHNREZNICK LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1350 CHURCH STREET 12TH FLOORAddressLine1Txt
CityHARTFORDCityNm
State AbbreviationCTStateAbbreviationCd
ZIP06103ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2020-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN060776644EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1SACRED HEART UNIVERSITY INCORPORATEDBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlSACRBusinessNameControlTxt
Phone2033717872PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line15151 PARK AVENUEAddressLine1Txt
CityFAIRFIELDCityNm
State AbbreviationCTStateAbbreviationCd
ZIP06825ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonPHILIP J MCCABEPersonNm
Person TitleSR. VP FOR FINANCEPersonTitleTxt
Phone2033717872PhoneNum
Signature2022-05-13SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstPHILIPPersonFirstNm
Person LastMCCABEPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonLORI ROTHE YOKOBOSKY CPAPreparerPersonNm
PTINP01273422PTIN
Phone9592007000PhoneNum
Preparation2022-05-12PreparationDt

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer2TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2020TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerJOHN PETILLOPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line15151 PARK AVENUEAddressLine1Txt
CityFAIRFIELDCityNm
State AbbreviationCTStateAbbreviationCd
ZIP06825ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$491,432,862GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.SACREDHEART.EDUWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1963FormationYr
Legal Domicile StateCTLegalDomicileStateCd
Activity Or MissionTHE UNIVERSITY IS A CO-EDUCATIONAL INSTITUTION OF HIGHER LEARNING OFFERING UNDERGRADUATE, GRADUATE AND DOCTORAL DEGREES, AS WELL AS CONTINUING EDUCATION IN A VARIETY OF DISCIPLINES, WITH A COMMITMENT TO LEADERSHIP IN CATHOLIC HIGHER EDUCATION.ActivityOrMissionDesc
Voting Members Governing Body23VotingMembersGoverningBodyCnt
Voting Members Independent22VotingMembersIndependentCnt
Total Employee4710TotalEmployeeCnt
Total Volunteers150TotalVolunteersCnt
Total Gross UBI$3,898,454TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$17,624,249PYContributionsGrantsAmt
CY Contributions Grants$24,155,650CYContributionsGrantsAmt
PY Program Service Revenue$353,026,896PYProgramServiceRevenueAmt
CY Program Service Revenue$385,470,721CYProgramServiceRevenueAmt
PY Investment Income$7,791,669PYInvestmentIncomeAmt
CY Investment Income$11,788,074CYInvestmentIncomeAmt
PY Other Revenue-$84,291PYOtherRevenueAmt
CY Other Revenue-$130,580CYOtherRevenueAmt
PY Total Revenue$378,358,523PYTotalRevenueAmt
CY Total Revenue$421,283,865CYTotalRevenueAmt
PY Grants And Similar Paid$93,411,989PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$106,282,539CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$123,404,401PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$125,476,820CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$263,672PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$182,433CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$2,860,894CYTotalFundraisingExpenseAmt
PY Other Expenses$110,256,854PYOtherExpensesAmt
CY Other Expenses$123,427,433CYOtherExpensesAmt
PY Total Expenses$327,336,916PYTotalExpensesAmt
CY Total Expenses$355,369,225CYTotalExpensesAmt
PY Revenues Less Expenses$51,021,607PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$65,914,640CYRevenuesLessExpensesAmt
Total Assets BOY$899,337,453TotalAssetsBOYAmt
Total Assets EOY$1,111,844,397TotalAssetsEOYAmt
Total Liabilities BOY$392,507,360TotalLiabilitiesBOYAmt
Total Liabilities EOY$499,608,342TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$506,830,093NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$612,236,055NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionAT SACRED HEART UNIVERSITY, WE NOT ONLY PREPARE STUDENTS FOR THE FUTURE, BUT ALSO GIVE THEM A DEEPER APPRECIATION OF WHO THEY ARE AND ALL THEY CAN BE. THROUGH OUR DISTINCTIVE MISSION AND COMMITMENT TO LEADERSHIP IN CATHOLIC HIGHER EDUCATION, WE HELP STUDENTS HELP OTHERS AND, TOGETHER, WE MAKE A DIFFERENCE IN THE WORLD. THE SHU MISSION: THE PURSUIT OF TRUTH AND KNOWLEDGE AS INTRINSICALLY VALUABLE; COMMITMENT TO EXCELLENCE IN ALL THAT WE DO; RESPONSIBILITY FOR THE COMMON GOOD OF SOCIETY; RECOGNITION OF THE DIGNITY AND WORTH OF EVERY HUMAN BEING; PRESERVATION, TRANSMISSION AND DEVELOPMENT OF THE LIBERAL ARTS AND CATHOLIC INTELLECTUAL TRADITIONS. OUR VISION IS TO SHAPE GRADUATES KNOWLEDGEABLE OF SELF, ROOTED IN FAITH, EDUCATED IN MIND, COMPASSIONATE IN HEART, RESPONSIVE TO SOCIAL AND CIVIC OBLIGATIONS AND ABLE TO RESPOND TO AN EVER-CHANGING WORLD.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$107,272,339ExpenseAmt
Revenue$330,358,659RevenueAmt
DescSACRED HEART CONTINUES TO OFFER A WIDE RANGE OF UNDERGRADUATE AND GRADUATE PROGRAMS. REGARDLESS OF WHAT UNDERGRADUATE PROGRAM OR GRADUATE PROGRAMS ARE CHOSEN, OUR FOCUS ON ACADEMIC OPPORTUNITIES - ROOTED IN THE CATHOLIC INTELLECTUAL TRADITIONS AND THE PRINCIPLES OF ENGAGED LEARNING - CREATES AN ABSORBING, CUSTOMIZED EDUCATIONAL EXPERIENCE FOR EACH STUDENT.Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
Expense$106,282,539ExpenseAmt
Grant$106,282,539GrantAmt
DescSACRED HEART UNIVERSITY'S STUDENT FINANCIAL ASSISTANCE OFFICE IS COMMITTED TO HELPING STUDENTS AND THEIR FAMILIES FIND THE MOST AFFORDABLE OPTIONS AVAILABLE FOR ATTENDING COLLEGE. FOR FULL-TIME UNDERGRADUATE STUDENTS, THERE ARE BASICALLY TWO TYPES OF FINANCIAL ASSISTANCE: FIRST, TRADITIONAL MERIT OR NEED-BASED AID; AND SECOND, A RANGE OF OTHER OPTIONS OPEN TO STUDENTS AND THEIR FAMILIES WHETHER THEY QUALIFY FOR TRADITIONAL AID OR NOT. SEVERAL FINANCIAL ASSISTANCE OPTIONS ARE ALSO AVAILABLE TO QUALIFIED PART-TIME UNDERGRADUATE STUDENTS AND GRADUATE STUDENTS.Desc

Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp

FieldValueIRS element (for citing)
Expense$50,817,103ExpenseAmt
Revenue$1,825,994RevenueAmt
DescSACRED HEART UNIVERSITY IS COMMITTED TO SERVING THE NEEDS OF ITS DIVERSE STUDENT POPULATION BY OFFERING AN ARRAY OF SERVICES DESIGNED TO ENSURE STUDENT SUCCESS. THESE SERVICES, PROVIDED THROUGH ACADEMIC ADVISING, STUDENT LIFE, CAREER SERVICES, JANDRESEVITS LEARNING CENTER, THE OFFICE OF SPECIAL SERVICES, AND THE WELLNESS CENTER, AIM TO SERVE STUDENTS IN A MANNER THAT IS CONSISTENT WITH THE MISSION. THE UNIVERSITY ALSO PROMOTES ACTIVE ENGAGED LEARNING OUTSIDE OF THE CLASSROOM. OUR ATHLETICS PROGRAMS ARE ABOUT MORE THAN JUST COMPETITION AND WINNING, THEY ARE BUILT ON LONGSTANDING TRADITION OF HELPING OUR STUDENT ATHLETES REALIZE THEIR POTENTIAL, STRENGTHEN THEIR CHARACTER, AND EMPOWER THEIR MIND WHILE DEVELOPING SELF-CONFIDENCE AND VALUABLE LEADERSHIP SKILLS.Desc

Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp

FieldValueIRS element (for citing)
Expense$50,146,187ExpenseAmt
Revenue$49,391,622RevenueAmt
DescOTHER GENERAL AND AUXILIARY SERVICESDesc
FieldValueIRS element (for citing)
Total Other Prog Srvc Expense$50,146,187TotalOtherProgSrvcExpenseAmt
Total Other Prog Srvc Revenue$49,391,622TotalOtherProgSrvcRevenueAmt
Total Program Service Expenses$314,518,168TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying ActivitiesYes (1)LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of ArtYes (1)CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi EndowmentsYes (1)DonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other AssetsYes (1)ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt0IndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtYes (1)ConsolidatedAuditFinclStmtInd
School OperatingYes (1)SchoolOperatingInd
Foreign OfficeYes (1)ForeignOfficeInd
Foreign ActivitiesYes (1)ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To IndividualsYes (1)MoreThan5000KToIndividualsInd
Professional FundraisingYes (1)ProfessionalFundraisingInd
Fundraising ActivitiesYes (1)FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To IndividualsYes (1)GrantsToIndividualsInd
Schedule J RequiredYes (1)ScheduleJRequiredInd
Tax Exempt BondsYes (1)TaxExemptBondsInd
Invest Tax Exempt Bonds0InvestTaxExemptBondsInd
Escrow Account0EscrowAccountInd
On Behalf Of Issuer0OnBehalfOfIssuerInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related PersonYes (1)GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash ContriYes (1)DeductibleNonCashContriInd
Deductible Art ContributionYes (1)DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded EntityYes (1)DisregardedEntityInd
Related Entity0RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document13277IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee4710EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over LimitYes (1)UnrelatedBusIncmOverLimitInd
Form990 T FiledYes (1)Form990TFiledInd
Foreign Financial AccountYes (1)ForeignFinancialAccountInd
Foreign CountryEIForeignCountryCd
Foreign CountryLUForeignCountryCd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo ContributionsYes (1)QuidProQuoContributionsInd
Quid Pro Quo Contri DisclYes (1)QuidProQuoContriDisclInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht PymtYes (1)SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members23GoverningBodyVotingMembersCnt
Independent Voting Member22IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local ChaptersYes (1)LocalChaptersInd
Policies Reference ChaptersYes (1)PoliciesReferenceChaptersInd
Form990 Provided To Gvrn Body0Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEOYes (1)CompensationProcessCEOInd
Compensation Process OtherYes (1)CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1PHILIP J MCCABEBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone2033717872PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line15151 PARK AVENUEAddressLine1Txt
CityFAIRFIELDCityNm
State AbbreviationCTStateAbbreviationCd
ZIP06825ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (38 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtKey EmployeeKeyEmployeeIndHighest Compensated EmployeeHighestCompensatedEmployeeInd
FRANK MARTIRE
CHAIRMAN1.00Yes (X)Yes (X)$0$0$0
DANIEL J MCCARTHY
OUTGOING TRUSTEE1.00Yes (X)$0$0$0
RICHARD M SCHAEFFER
OUTGOING TRUSTEE1.00Yes (X)$0$0$0
NORBERT BECKER
OUTGOING TRUSTEE1.00Yes (X)$0$0$0
JOHN J PETILLO PHD
PRESIDENT35.00Yes (X)Yes (X)$1,904,027$0$308,748
CHRISTOPHER K MCLEOD
TREASURER1.00Yes (X)Yes (X)$0$0$0
KENNETH SIEGEL JD
TRUSTEE1.00Yes (X)$0$0$0
WILLIAM MITCHELL
TRUSTEE1.00Yes (X)$0$0$0
VINCENT MAFFEO JD
TRUSTEE1.00Yes (X)$0$0$0
SUZANNE GRECO
TRUSTEE1.00Yes (X)$0$0$0
SUSAN DAVIS RN EDD FACHE
TRUSTEE1.00Yes (X)$0$0$0
DANIEL THOMAS
TRUSTEE1.00Yes (X)$0$0$0
DOUGLAS KENNEDY
TRUSTEE1.00Yes (X)$0$0$0
GARY J LEVIN
TRUSTEE1.00Yes (X)$0$0$0
SERPICO LYNN
TRUSTEE1.00Yes (X)$0$0$0
JAMES MORLEY JR
TRUSTEE1.00Yes (X)$0$0$0
PATRICK CAROLAN MD
TRUSTEE1.00Yes (X)$0$0$0
JOHN VAZQUEZ
TRUSTEE1.00Yes (X)$0$0$0
PAMELA MILLER
TRUSTEE1.00Yes (X)$0$0$0
PABLO STALMAN
TRUSTEE1.00Yes (X)$0$0$0
KATIE BURKE
TRUSTEE1.00Yes (X)$0$0$0
MSGR ROBERT MEYER JD JCD
TRUSTEE1.00Yes (X)$0$0$0
KEITH HOVAN
TRUSTEE1.00Yes (X)$0$0$0
MARY-ANN BUNTING
TRUSTEE1.00Yes (X)$0$0$0
PATRICK MAGGITTI PHD
TRUSTEE1.00Yes (X)$0$0$0
CHARLES FIRLOTTE
VICE CHAIRMAN1.00Yes (X)Yes (X)$0$0$0
MICHAEL LAROBINA ESQ
GENERAL COUNSEL35.00Yes (X)$278,450$0$34,510
RUPENDRA PALIWAL
PROVOST & VICE PRESIDENT FOR ACADEMIC AFFAIRS35.00Yes (X)$367,901$0$30,347
PHILIP MCCABE
SR. VP FOR FINANCE35.00Yes (X)$268,198$0$41,052
MICHAEL J KINNEY
SVP/ADVISIOR UNTIL 7/1/2035.00Yes (X)$578,631$0$20,485
JAMES BARQUINERO
SR. VICE PRESIDENT35.00$373,443$0$66,585Yes (X)
DAVID COPPOLA
SR. VP ADMIN & PLANNING35.00$302,600$0$59,402Yes (X)
ROBERT M HARDY
VICE PRESIDENT35.00$274,147$0$25,328Yes (X)
MAURA IVERSEN
DEAN35.00$251,775$0$36,291Yes (X)
MARTHA CRAWFORD
DEAN35.00$381,307$0$42,592Yes (X)
ROBIN CAUTIN
DEAN35.00$246,903$0$16,236Yes (X)
ROBERT J VALENTINE
EXECUTIVE DIRECTOR OF ATHL35.00$259,364$0$19,973Yes (X)
WILLIAM REIDY
VICE PRESIDENT35.00$232,545$0$54,875Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$5,719,291TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$756,424TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K241IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (1)TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (5 entries)

Address Line1ContractorAddress/USAddress/AddressLine1TxtCityContractorAddress/USAddress/CityNmState AbbreviationContractorAddress/USAddress/StateAbbreviationCdZIPContractorAddress/USAddress/ZIPCdServicesServicesDescCompensationCompensationAmt
CHARTWELL'S HIGHER EDUCATION CO BOA
PO BOX 91337CHICAGOIL606931853FOOD SERVICES$11,394,816
SOUTHEAST SERVICE CORPORATION
2400 YORKMONT ROADCHARLOTTENC28217JANITORIAL SERVICES$4,829,751
WILEY EDU LLC
851 TRAFALGAR COURT SUITE 420ORLANDOFL32751ONLINE EDUCATION SERVICES$3,267,132
JOHNSON LAFFEN GALLOWAY ARCHITECTS LTD
DBA JLG ARCHITECTS 124 N 3RD STGRAND FORKSND58203ARCHITECTURAL SERVICES$2,209,578
CDW-G INC
230 NORTH MILWAUKEE AVEVERNON HILLSIL60061TECHNOLOGY SERVICES$1,797,324
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K92CntrctRcvdGreaterThan100KCnt
Fundraising$1,374,290FundraisingAmt
Government Grants$11,633,120GovernmentGrantsAmt
All Other Contributions$11,148,240AllOtherContributionsAmt
Noncash Contributions$442,851NoncashContributionsAmt
Total Contributions$24,155,650TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (4 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmtUnrelated Business RevenueUnrelatedBusinessRevenueAmt
TUITION AND FEES611310$330,358,659$330,358,659
AUXILIARY ACTIVITIES611310$49,854,648$48,030,860$1,823,788
OTHER INCOME900099$3,873,862$1,803,204$2,070,658
PITT CENTER&ATHLETICS611310$1,383,552$1,383,552
FieldValueIRS element (for citing)
Total Program Service Revenue$385,470,721TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$4,630,840TotalRevenueColumnAmt
Unrelated Business Revenue$4,008UnrelatedBusinessRevenueAmt
Exclusion$4,626,832ExclusionAmt

Gross Rents GrossRentsGrp

FieldValueIRS element (for citing)
Real$240,438RealAmt

Less Rental Expenses LessRentalExpensesGrp

FieldValueIRS element (for citing)
Real$132,498RealAmt

Rental Income Or Loss RentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Real$107,940RealAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column$107,940TotalRevenueColumnAmt
Exclusion$107,940ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$76,706,271SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$69,549,037SecuritiesAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities$7,157,234SecuritiesAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$7,157,234TotalRevenueColumnAmt
Exclusion$7,157,234ExclusionAmt
FieldValueIRS element (for citing)
Fundraising Gross Income$228,942FundraisingGrossIncomeAmt
Contri Rpt Fundraising Event$1,374,290ContriRptFundraisingEventAmt
Fundraising Direct Expenses$467,462FundraisingDirectExpensesAmt

Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp

FieldValueIRS element (for citing)
Total Revenue Column-$238,520TotalRevenueColumnAmt
Exclusion-$238,520ExclusionAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$421,283,865TotalRevenueColumnAmt
Related Or Exempt Func Income$381,576,275RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$3,898,454UnrelatedBusinessRevenueAmt
Exclusion$11,653,486ExclusionAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$106,157,841TotalAmt
Program Services$106,157,841ProgramServicesAmt

Foreign Grants ForeignGrantsGrp

FieldValueIRS element (for citing)
Total$124,698TotalAmt
Program Services$124,698ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$5,655,513TotalAmt
Program Services$470,909ProgramServicesAmt
Management And General$5,184,604ManagementAndGeneralAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$91,799,590TotalAmt
Program Services$80,771,965ProgramServicesAmt
Management And General$9,291,612ManagementAndGeneralAmt
Fundraising$1,736,013FundraisingAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$5,039,648TotalAmt
Program Services$4,483,467ProgramServicesAmt
Management And General$475,802ManagementAndGeneralAmt
Fundraising$80,379FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$16,568,678TotalAmt
Program Services$15,152,169ProgramServicesAmt
Management And General$1,178,819ManagementAndGeneralAmt
Fundraising$237,690FundraisingAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$6,413,391TotalAmt
Program Services$5,447,232ProgramServicesAmt
Management And General$869,221ManagementAndGeneralAmt
Fundraising$96,938FundraisingAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$820,609TotalAmt
Program Services$54,737ProgramServicesAmt
Management And General$765,872ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$295,430TotalAmt
Program Services$44,380ProgramServicesAmt
Management And General$251,050ManagementAndGeneralAmt

Fees For Services Prof Fundraising FeesForServicesProfFundraising

FieldValueIRS element (for citing)
Total$182,433TotalAmt
Fundraising$182,433FundraisingAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

FieldValueIRS element (for citing)
Total$528,822TotalAmt
Management And General$528,822ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$29,469,956TotalAmt
Program Services$26,298,527ProgramServicesAmt
Management And General$2,987,844ManagementAndGeneralAmt
Fundraising$183,585FundraisingAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$1,469,070TotalAmt
Program Services$308,084ProgramServicesAmt
Management And General$1,157,877ManagementAndGeneralAmt
Fundraising$3,109FundraisingAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$6,421,773TotalAmt
Program Services$4,940,731ProgramServicesAmt
Management And General$1,221,134ManagementAndGeneralAmt
Fundraising$259,908FundraisingAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$3,075,430TotalAmt
Program Services$1,278,426ProgramServicesAmt
Management And General$1,773,449ManagementAndGeneralAmt
Fundraising$23,555FundraisingAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$12,537,822TotalAmt
Program Services$11,092,041ProgramServicesAmt
Management And General$1,433,318ManagementAndGeneralAmt
Fundraising$12,463FundraisingAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$2,206,729TotalAmt
Program Services$2,145,852ProgramServicesAmt
Management And General$41,727ManagementAndGeneralAmt
Fundraising$19,150FundraisingAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$257,391TotalAmt
Program Services$191,343ProgramServicesAmt
Management And General$65,880ManagementAndGeneralAmt
Fundraising$168FundraisingAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$12,342,055TotalAmt
Program Services$10,084,702ProgramServicesAmt
Management And General$2,257,353ManagementAndGeneralAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$22,668,637TotalAmt
Program Services$19,974,587ProgramServicesAmt
Management And General$2,694,050ManagementAndGeneralAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$2,724,043TotalAmt
Program Services$498,823ProgramServicesAmt
Management And General$2,225,220ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmtFundraisingFundraisingAmt
CONTRACT SERVICES$15,159,993$13,270,839$1,889,154
MINOR EQUIPMENT, FURNIT$4,056,415$3,724,460$331,088$867
REPAIRS AND MAINTENANCE$3,459,586$3,019,874$439,712
DUES, SUBSCRIPTIONS AND$2,024,466$1,680,962$318,868$24,636

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$3,909,206TotalAmt
Program Services$3,301,519ProgramServicesAmt
Management And General$607,687ManagementAndGeneralAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$355,369,225TotalAmt
Program Services$314,518,168ProgramServicesAmt
Management And General$37,990,163ManagementAndGeneralAmt
Fundraising$2,860,894FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$70,530,666BOYAmt
EOY$115,607,860EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$3,909,484BOYAmt
EOY$4,123,094EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$808,062BOYAmt
EOY$475,322EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$5,054,293BOYAmt
EOY$5,361,162EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$910,439,686LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$249,937,540LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$617,702,886BOYAmt
EOY$660,502,146EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$166,032,720BOYAmt
EOY$204,671,376EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

FieldValueIRS element (for citing)
BOY$24,433,162BOYAmt
EOY$40,746,349EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$10,866,180BOYAmt
EOY$80,357,088EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$899,337,453BOYAmt
EOY$1,111,844,397EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$64,582,750BOYAmt
EOY$57,779,989EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$53,188,788BOYAmt
EOY$53,710,552EOYAmt

Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$194,837,756BOYAmt
EOY$337,284,918EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

FieldValueIRS element (for citing)
BOY$56,608,781BOYAmt
EOY$5,813,277EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$23,289,285BOYAmt
EOY$45,019,606EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$392,507,360BOYAmt
EOY$499,608,342EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$465,092,132BOYAmt
EOY$560,631,953EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$41,737,961BOYAmt
EOY$51,604,102EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$506,830,093BOYAmt
EOY$612,236,055EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$899,337,453BOYAmt
EOY$1,111,844,397EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part XIYes (X)InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss$65,914,640ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst$36,671,055NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets$2,820,267OtherChangesInNetAssetsAmt
Info In Schedule O Part XIIYes (X)InfoInScheduleOPartXIIInd
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Consolidated Basis Fincl StmtYes (X)ConsolidatedBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit RequiredYes (1)FederalGrantAuditRequiredInd
Federal Grant Audit PerformedYes (1)FederalGrantAuditPerformedInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
SchoolYes (X)SchoolInd

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$12,200,338CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$12,391,616CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$15,132,648CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$17,624,249CurrentTaxYearMinus1YearAmt
Current Tax Year$24,155,650CurrentTaxYearAmt
Total$81,504,501TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$12,200,338CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$12,391,616CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$15,132,648CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$17,624,249CurrentTaxYearMinus1YearAmt
Current Tax Year$24,155,650CurrentTaxYearAmt
Total$81,504,501TotalAmt
FieldValueIRS element (for citing)
Public Support Total170$81,504,501PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$3,605,840CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$4,088,529CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$5,595,161CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$5,525,695CurrentTaxYearMinus1YearAmt
Current Tax Year$4,867,270CurrentTaxYearAmt
Total$23,682,495TotalAmt

Unrelated Business Net Incm170 UnrelatedBusinessNetIncm170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$2,605,582CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$3,213,109CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$3,948,129CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$3,232,258CurrentTaxYearMinus1YearAmt
Current Tax Year$3,898,454CurrentTaxYearAmt
Total$16,897,532TotalAmt

Other Income170 OtherIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$766,687CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$433,595CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$346,126CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$313,677CurrentTaxYearMinus1YearAmt
Current Tax Year$228,942CurrentTaxYearAmt
Total$2,089,027TotalAmt
FieldValueIRS element (for citing)
Total Support$124,173,555TotalSupportAmt
Gross Receipts Rltd Activities$1,670,954,337GrossReceiptsRltdActivitiesAmt
Public Support CY1700.65640PublicSupportCY170Pct
Public Support PY1700.65350PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind

Form990 Schedule A Part VI Form990ScheduleAPartVIGrp

FieldValueIRS element (for citing)
Form And Line ReferenceSCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME:FormAndLineReferenceDesc
ExplanationFUNDRAISING PROCEEDS - 2016 AMOUNT: $ 766,687. 2017 AMOUNT: $ 433,595. 2018 AMOUNT: $ 346,126. 2019 AMOUNT: $ 313,677. 2020 AMOUNT: $ 228,942.ExplanationTxt

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule C IRS990ScheduleC

FieldValueIRS element (for citing)
Volunteers0VolunteersInd
Paid Staff Or Management0PaidStaffOrManagementInd
Media Advertisements0MediaAdvertisementsInd
Mailings Members0MailingsMembersInd
Publications Or Broadcast0PublicationsOrBroadcastInd
Grants Other Organizations0GrantsOtherOrganizationsInd
Direct Contact Legislators0DirectContactLegislatorsInd
Rallies Demonstrations0RalliesDemonstrationsInd
Other ActivitiesYes (1)OtherActivitiesInd
Total Lobbying Expenditures$0TotalLobbyingExpendituresAmt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART II-B, LINE 1:FormAndLineReferenceDesc
ExplanationSACRED HEART UNIVERSITY DOES NOT EMPLOY LOBBYISTS AS DEFINED BY STATE STATUTE AS PART OF ITS PAID STAFF OR MANAGEMENT, BUT SOME EMPLOYEES DO INTERACT WITH GOVERNMENT OFFICIALS AND AGENCIES FOR PURPOSES OTHER THAN INFLUENCING LEGISLATION OR PUBLIC OPINION ON LEGISLATIVE MATTERS OR REFERENDA. OCCASIONALLY THIS INCLUDES TESTIFYING BEFORE LEGISLATIVE COMMITTEES ON MATTER RELEVANT TO HIGHER EDUCATION IN THE STATE OF CONNECTICUT. IN ADDITION, SACRED HEART UNIVERSITY PAYS MEMBERSHIP DUES TO NACUBO AND A PORTION OF THE DUES SUPPORTED A NUMBER OF ADVOCACY EFFORTS.ExplanationTxt

Schedule D IRS990ScheduleD

Art Public Exhibition Amounts ArtPublicExhibitionAmountsGrp

FieldValueIRS element (for citing)
Assets Included$1,357,098AssetsIncludedAmt
FieldValueIRS element (for citing)
Collection Used Pub ExhibitionYes (X)CollectionUsedPubExhibitionInd
Solicited Assets Sale0SolicitedAssetsSaleInd

CY Endwmt Fund CYEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$191,568,286BeginningYearBalanceAmt
Contributions$8,816,292ContributionsAmt
Investment Earnings Or Losses$47,746,818InvestmentEarningsOrLossesAmt
Other Expenditures$1,013,400OtherExpendituresAmt
End Year Balance$247,117,996EndYearBalanceAmt

CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$178,215,437BeginningYearBalanceAmt
Contributions$12,638,158ContributionsAmt
Investment Earnings Or Losses$5,611,837InvestmentEarningsOrLossesAmt
Other Expenditures$4,897,146OtherExpendituresAmt
End Year Balance$191,568,286EndYearBalanceAmt

CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$167,593,741BeginningYearBalanceAmt
Contributions$8,678,077ContributionsAmt
Investment Earnings Or Losses$8,196,400InvestmentEarningsOrLossesAmt
Other Expenditures$6,252,781OtherExpendituresAmt
End Year Balance$178,215,437EndYearBalanceAmt

CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$157,819,679BeginningYearBalanceAmt
Contributions$6,871,952ContributionsAmt
Investment Earnings Or Losses$9,751,467InvestmentEarningsOrLossesAmt
Other Expenditures$6,849,357OtherExpendituresAmt
End Year Balance$167,593,741EndYearBalanceAmt

CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$141,835,372BeginningYearBalanceAmt
Contributions$7,623,629ContributionsAmt
Investment Earnings Or Losses$15,173,714InvestmentEarningsOrLossesAmt
Other Expenditures$6,813,036OtherExpendituresAmt
End Year Balance$157,819,679EndYearBalanceAmt
FieldValueIRS element (for citing)
Board Designated Balance EOY0.83450BoardDesignatedBalanceEOYPct
Prmnnt Endowment Balance EOY0.09400PrmnntEndowmentBalanceEOYPct
Term Endowment Balance EOY0.07150TermEndowmentBalanceEOYPct
Endowments Held Unrelated Org0EndowmentsHeldUnrelatedOrgInd
Endowments Held Related Org0EndowmentsHeldRelatedOrgInd

Land LandGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$63,354,893OtherCostOrOtherBasisAmt
Book Value$63,354,893BookValueAmt

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$594,489,186OtherCostOrOtherBasisAmt
Depreciation$117,083,055DepreciationAmt
Book Value$477,406,131BookValueAmt

Leasehold Improvements LeaseholdImprovementsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$91,191,872OtherCostOrOtherBasisAmt
Depreciation$46,679,898DepreciationAmt
Book Value$44,511,974BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$84,040,731OtherCostOrOtherBasisAmt
Depreciation$62,847,670DepreciationAmt
Book Value$21,193,061BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$77,363,004OtherCostOrOtherBasisAmt
Depreciation$23,326,917DepreciationAmt
Book Value$54,036,087BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$660,502,146TotalBookValueLandBuildingsAmt

Other Assets Org OtherAssetsOrgGrp (4 entries)

DescDescBook ValueBookValueAmt
INTEREST IN SPLIT-INTEREST AGREEMENTS$124,103
FUNDS HELD BY BOND TRUSTEE$54,852,519
OTHER ASSETS$1,708,655
RIGHT-OF-USE ASSETS- OPERATING LEASES$23,671,811
FieldValueIRS element (for citing)
Total Book Value Other Assets$80,357,088TotalBookValueOtherAssetsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (3 entries)

DescDescAmtAmt
GOVERNMENT GRANTS REFUNDABLE - STUDENT LOANS$289,821
TAXABLE BONDS$20,546,079
LEASE LIABILITY$24,183,706
FieldValueIRS element (for citing)
Total Liability$45,019,606TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$354,585,186TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst$36,671,055NetUnrealizedGainsInvstAmt
Donated Services And Use Fclts$21,400DonatedServicesAndUseFcltsAmt
Other Revenue-$103,462,272OtherRevenueAmt
Revenue Not Reported-$66,769,817RevenueNotReportedAmt
Revenue Subtotal$421,355,003RevenueSubtotalAmt
Investment Expenses Not Incld$528,822InvestmentExpensesNotIncldAmt
Other Revenues Not Included-$599,960OtherRevenuesNotIncludedAmt
Revenue Not Reported Fincl Stmt-$71,138RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$421,283,865TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$249,179,224TotExpnsEtcAuditedFinclStmtAmt
Donated Services Use Fclts$21,400DonatedServicesUseFcltsAmt
Other Expenses Included$599,960OtherExpensesIncludedAmt
Expenses Not Reported$621,360ExpensesNotReportedAmt
Expenses Subtotal$248,557,864ExpensesSubtotalAmt
Investment Expenses Not Incld2$528,822InvestmentExpensesNotIncld2Amt
Other Expenses Not Included$106,282,539OtherExpensesNotIncludedAmt
Expenses Not Rpt Fincl Stmt$106,811,361ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$355,369,225TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (7 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART III, LINE 4:WORKS OF ART ARE CONTRIBUTED TO THE UNIVERSITY FROM VARIOUS DONORS OR PURCHASED FOR PUBLIC EXHIBITION. THE SCHOOL DISPLAYS THEM IN VARIOUS LOCATIONS ACROSS THE UNIVERSITY FOR PUBLIC VIEWING.
PART V, LINE 4:THE UNIVERSITY USES THE FUNDS FOR STUDENT SCHOLARSHIPS, TO PROVIDE EDUCATIONAL AND SUPPORT SERVICES TO MAINTAIN AND EXPAND THE UNIVERSITY CAPITAL INFRASTRUCTURE IN ORDER TO MAINTAIN THE UNIVERSITY'S FINANCIAL STABILITY.
PART X, LINE 2:THE UNIVERSITY IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(A), AS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, AS AMENDED. ACCORDINGLY, IT IS NOT SUBJECT TO INCOME TAXES EXCEPT TO THE EXTENT IT HAS TAXABLE INCOME FROM ACTIVITIES THAT ARE NOT RELATED TO ITS EXEMPT PURPOSE. THE UNIVERSITY RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT OF BEING SUSTAINED. NO PROVISION FOR INCOME TAXES WAS REQUIRED FOR FISCAL 2021 OR 2020.
PART XI, LINE 2D - OTHER ADJUSTMENTS:INSTITUTIONAL AID -106,282,539. CHANGE IN VALUE OF INTEREST RATE SWAPS 2,820,267.
PART XI, LINE 4B - OTHER ADJUSTMENTS:RENTAL EXPENSES -132,498. FUNDRAISING EXPENSES -467,462.
PART XII, LINE 2D - OTHER ADJUSTMENTS:RENTAL EXPENSES 132,498. FUNDRAISING EXPENSES 467,462.
PART XII, LINE 4B - OTHER ADJUSTMENTS:INSTITUTIONAL AID 106,282,539.

Schedule E IRS990ScheduleE

FieldValueIRS element (for citing)
Nondiscriminatory Policy StmtYes (1)NondiscriminatoryPolicyStmtInd
Policy Stmt In Brochures EtcYes (1)PolicyStmtInBrochuresEtcInd
Plcy Pblczd Via Broadcast MediaYes (1)PlcyPblczdViaBroadcastMediaInd
Maintain Racial Comp RecsYes (1)MaintainRacialCompRecsInd
Maintain Scholarships RecsYes (1)MaintainScholarshipsRecsInd
Maintain Cpy Of Brochures EtcYes (1)MaintainCpyOfBrochuresEtcInd
Maintain Cpy Of All SolYes (1)MaintainCpyOfAllSolInd
Discriminate Race Stdnts Rghts0DiscriminateRaceStdntsRghtsInd
Discriminate Race Admiss Plcy0DiscriminateRaceAdmissPlcyInd
Discriminate Race Emplm Fculty0DiscriminateRaceEmplmFcultyInd
Discriminate Race Schs0DiscriminateRaceSchsInd
Discriminate Race Educ Plcy0DiscriminateRaceEducPlcyInd
Discriminate Race Use Of Fclts0DiscriminateRaceUseOfFcltsInd
Discriminate Race Athlt Prog0DiscriminateRaceAthltProgInd
Discriminate Race Other Acty0DiscriminateRaceOtherActyInd
Government Financial Aid RcvdYes (1)GovernmentFinancialAidRcvdInd
Government Financial Aid Rvkd0GovernmentFinancialAidRvkdInd
Compliance With Rev Proc7550Yes (1)ComplianceWithRevProc7550Ind

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
SCHEDULE E, PART I, LINE 3SACRED HEART UNIVERSITY'S POLICY WHICH PROHIBITS DISCRIMINATION AGAINST PERSONS BECAUSE OF RACE, GENDER, SEXUAL ORIENTATION, PREGNANCY, COLOR, MARITAL STATUS, VETERAN STATUS, RELIGION, AGE, DISABILITY, HANDICAP, NATIONAL ORIGIN OR ANCESTRY IN ITS EMPLOYMENT POLICIES AND ITS EDUCATION AND ADMISSIONS PROGRAMS IS AVAILABLE ONLINE, IN ITS ACADEMIC CATALOG, AND WITHIN ITS STUDENT HANDBOOK.
SCHEDULE E, PART I, LINE 6SACRED HEART UNIVERSITY RECEIVES FUNDS FROM THE US DEPARTMENT OF EDUCATION. THE PROGRAM FUNDS THAT THE UNIVERSITY ADMINISTERS ARE FEDERAL PELL GRANT, FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANT (FSEOG) AND FEDERAL WORK-STUDY (FWS), WHICH ARE TITLE IV STUDENT AID PROGRAMS. THE UNIVERSITY ALSO RECEIVES FUNDS AND PROCESSES ACCORDING TO THE CRITERIA OF STATE GOVERNMENT AGENCIES. PRIMARY FUNDING IS FROM THE STATE OF CONNECTICUT OFFICE OF HIGHER EDUCATION. OTHER STATES THAT PROVIDE ASSISTANCE TO STATE RESIDENTS ATTENDING AN OUT OF STATE INSTITUTION ARE PROCESSED AS WE RECEIVE NOTIFICATION OF ENROLLED ELIGIBLE STUDENTS.

Schedule F IRS990ScheduleF

FieldValueIRS element (for citing)
Grant Records MaintainedYes (1)GrantRecordsMaintainedInd

Account Activities Outside US AccountActivitiesOutsideUSGrp (3 entries)

RegionRegionTxtOfficesOfficesCntEmployeeEmployeeCntType Of Activities ConductedTypeOfActivitiesConductedTxtSpecific Services ProvidedSpecificServicesProvidedTxtRegion Total ExpendituresRegionTotalExpendituresAmt
EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM229PROGRAM SERVICESEDUCATIONAL$1,313,624
CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS,00INVESTMENTS$31,852,499
EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM00INVESTMENTS$5,375,679
FieldValueIRS element (for citing)
Subtotal Offices0SubtotalOfficesCnt
Subtotal Employees29SubtotalEmployeesCnt
Continuation Total Office0ContinuationTotalOfficeCnt
Continuation Total Employee0ContinuationTotalEmployeeCnt
Total Office0TotalOfficeCnt
Total Employee29TotalEmployeeCnt
Subtotal Spent$38,541,802SubtotalSpentAmt
Continuation Spent$0ContinuationSpentAmt
Total Spent$38,541,802TotalSpentAmt

Foreign Individuals Grants ForeignIndividualsGrantsGrp

FieldValueIRS element (for citing)
Type Of AssistanceLUXEMBOURG SCHOLARSHIPS AND DISCOUNTSTypeOfAssistanceTxt
RegionEUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIURegionTxt
Recipient40RecipientCnt
Cash Grant$124,698CashGrantAmt
Manner Of Cash DisbursementDISCOUNT POSTED TO STUDENT ACCOUNTMannerOfCashDisbursementTxt
FieldValueIRS element (for citing)
Transfer To Foreign CorpYes (1)TransferToForeignCorpInd
Interest In Foreign Trust0InterestInForeignTrustInd
Foreign Corp OwnershipYes (1)ForeignCorpOwnershipInd
Passive Foreign Investmest CoYes (1)PassiveForeignInvestmestCoInd
Foreign PartnershipYes (1)ForeignPartnershipInd
Boycott CountriesYes (1)BoycottCountriesInd

Supplemental Information Detail SupplementalInformationDetail (4 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART I, LINE 3:EXPENDITURES ARE ACCOUNTED FOR USING THE ACCRUAL BASIS OF ACCOUNTING.
PART III, COL (C):IRELAND: SACRED HEART UNIVERSITY OFFERS STUDENTS THE OPPORTUNITY TO DELVE INTO IRISH CULTURE IN THE HEART OF THE IRISH-SPEAKING DINGLE GAELTACHT REGION. STUDENTS STUDY IN IRISH SURROUNDINGS AND LIVE THE IRISH EXPERIENCE THROUGH HANDS-ON SEMINARS LED BY ACCOMPLISHED SCHOLARS AND LOCAL EXPERTS. WHAT DEVELOPS IS A PROFOUND UNDERSTANDING OF CELTIC CULTURE, AS WELL AS A GREATER APPRECIATION OF DIVERSE SOCIETIES. LUXEMBOURG: THE JACK WELCH COLLEGE OF BUSINESS OFFERS AN MBA CURRICULUM THAT EMPHASIZES A GLOBAL BUSINESS EDUCATION. OUR LUXEMBOURG PROGRAMS FACILITATE A RICH LEARNING EXPERIENCE WITH A FACULTY MIX OF ACCOMPLISHED SCHOLARS AND EXPERIENCED BUSINESS EXECUTIVES FROM BOTH EUROPE AND THE US WHO TEACH IN AN APPLIED LEARNING ENVIRONMENT WITH REAL-WORLD BUSINESS CASE STUDIES AND PROJECTS. SACRED HEART UNIVERSITY OFFERS A VARIETY OF STUDY ABROAD OPPORTUNITIES AROUND THE WORLD FOR SACRED HEART AND VISITING STUDENTS - WITH PROGRAMMING THAT SUPPORTS A BROAD RANGE OF EDUCATIONAL, PROFESSIONAL, AND PERSONAL OBJECTIVES. THE UNIVERSITY OFFERS FACULTY-LED PROGRAMS IN VARIOUS COUNTRIES EACH YEAR. ON THESE PROGRAMS STUDENTS DEVELOP THE HABITS OF MIND, HEART, AND SPIRIT THAT WILL PREPARE THEM TO ENGAGE PURPOSEFULLY IN A GLOBAL WORLD. COURSES COMPLETED ON A SACRED HEART STUDY ABROAD PROGRAM MAY FULFILL GENERAL EDUCATION, ELECTIVE, OR MAJOR/MINOR CREDITS, ENABLING STUDENTS, REGARDLESS OF ACADEMIC PLAN, TO STUDY ABROAD AND GRADUATE ACCORDING TO THEIR INDIVIDUAL SCHEDULES. ADDITIONAL OPPORTUNITIES ARE ALSO AVAILABLE FOR CLINICAL CREDIT OR EXPERIENTIAL LEARNING. SACRED HEART UNIVERSITY SUPPORTS STUDY ABROAD PROGRAMMING BY IDENTIFYING, DEVELOPING, NURTURING, AND MAINTAINING A DIVERSE SET OF INTERNATIONAL PROGRAMS WITH A COMMITMENT TO QUALITY, SAFETY, AFFORDABILITY AND ACCESSIBILITY.
PART III ACCOUNTING METHOD:
SCHEDULE F, PART I, LINE 3 (D)INVESTMENTS INCLUDED IN THIS SECTION RELATE TO INVESTMENT HOLDINGS INCLUDED IN THE UNIVERSITY'S ENDOWMENT PORTFOLIO.

Schedule G IRS990ScheduleG

FieldValueIRS element (for citing)
Mail SolicitationsYes (X)MailSolicitationsInd
Email SolicitationsYes (X)EmailSolicitationsInd
Phone SolicitationsYes (X)PhoneSolicitationsInd
In Person SolicitationsYes (X)InPersonSolicitationsInd
Solicitation Of Non Govt GrantsYes (X)SolicitationOfNonGovtGrantsInd
Solicitation Of Govt GrantsYes (X)SolicitationOfGovtGrantsInd
Special Fundraising EventsYes (X)SpecialFundraisingEventsInd
Agrmt Prof Fundraising ActyYes (1)AgrmtProfFundraisingActyInd

Fundraiser Activity Info FundraiserActivityInfoGrp (6 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdActivityActivityTxtFundraiser Control Of FundsFundraiserControlOfFundsIndGross ReceiptsGrossReceiptsAmtRetained By ContractorRetainedByContractorAmtNet To OrganizationNetToOrganizationAmt
SNAVELY ASSOCIATES
112 W FOSTER AVE 401STATE COLLEGEPA16801FUNDRAISING CONSULTING0$0$27,818$0
LKA FUNDRAISING & COMMNICATIONS INC
4800 SW MACADAM AVE STE 240PORTLANDOR97239FUNDRAISING CONSULTING0$0$40,530$0
THE STELTER COMPANY
10435 NY AVENUEDES MOINESIA50322FUNDRAISING CONSULTING0$0$18,144$0
FALCON FUNDRAISING
1690 WATERTOWER PLACEEAST LANSINGMI48823FUNDRAISING CONSULTING0$0$10,519$0
GRAHAM PELTON ASSOCIATES
39 BEECHWOOD RDSUMMITNJ07901FUNDRAISING CONSULTING0$0$70,422$0
PREMIER SPORTS ADVISORS LLC
76 SZOST DRIVEFAIRFIELDCT06824FUNDRAISING CONSULTING0$0$15,000$0
FieldValueIRS element (for citing)
Total Retained By Contractors$182,433TotalRetainedByContractorsAmt
Licensed StatesCTLicensedStatesCd

Fundraising Event Information FundraisingEventInformationGrp

FieldValueIRS element (for citing)
Event1SHU INVITATIONALEvent1Nm
Gross Receipts Event1$440,250GrossReceiptsEvent1Amt
Charitable Contri Event1$345,714CharitableContriEvent1Amt
Gross Revenue Event1$94,536GrossRevenueEvent1Amt
Non Cash Prizes Event1$32,169NonCashPrizesEvent1Amt
Rent Facility Costs Event1$10,000RentFacilityCostsEvent1Amt
Food And Beverage Event1$55,122FoodAndBeverageEvent1Amt
Other Direct Expenses Event1$63,710OtherDirectExpensesEvent1Amt
Event2HORIZONS EVENTSEvent2Nm
Gross Receipts Event2$364,721GrossReceiptsEvent2Amt
Charitable Contri Event2$325,798CharitableContriEvent2Amt
Gross Revenue Event2$38,923GrossRevenueEvent2Amt
Rent Facility Costs Event2$13,652RentFacilityCostsEvent2Amt
Food And Beverage Event2$24,634FoodAndBeverageEvent2Amt
Other Direct Expenses Event2$9,930OtherDirectExpensesEvent2Amt
Other Events Total8OtherEventsTotalCnt
Gross Receipts Other Events$798,261GrossReceiptsOtherEventsAmt
Charitable Contri Other Events$702,778CharitableContriOtherEventsAmt
Gross Revenue Other Events$95,483GrossRevenueOtherEventsAmt
Non Cash Prizes Other Events$7,139NonCashPrizesOtherEventsAmt
Rent Fclty Costs Other Events$54,975RentFcltyCostsOtherEventsAmt
Food And Beverage Other Events$57,514FoodAndBeverageOtherEventsAmt
Entertainment Other Events$750EntertainmentOtherEventsAmt
Oth Direct Expnss Other Events$137,867OthDirectExpnssOtherEventsAmt
Gross Receipts Total$1,603,232GrossReceiptsTotalAmt
Charitable Contributions Tot$1,374,290CharitableContributionsTotAmt
Gross Revenue Total Events$228,942GrossRevenueTotalEventsAmt
Non Cash Prizes Total Events$39,308NonCashPrizesTotalEventsAmt
Rent Fclty Costs Total Events$78,627RentFcltyCostsTotalEventsAmt
Food And Beverage Total Events$137,270FoodAndBeverageTotalEventsAmt
Entertainment Total Events$750EntertainmentTotalEventsAmt
Oth Direct Expnss Total Events$211,507OthDirectExpnssTotalEventsAmt
Direct Expense Summary Events$467,462DirectExpenseSummaryEventsAmt
Net Income Summary-$238,520NetIncomeSummaryAmt

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records Maintained0GrantRecordsMaintainedInd

Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp (4 entries)

Grant TypeGrantTypeTxtRecipientRecipientCntCash GrantCashGrantAmt
FEDERAL AID591$524,281
STATE AID9$27,500
RESIDENCE HALL ASSISTANT WAIVERS AND AWARDS141$1,131,080
OTHER SCHOLARSHIPS WHICH ARE NEEDS-BASED OR BASED ON ATHLETIC OR ACADEMIC TALENTS4803$104,474,980

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART I, LINE 2:FormAndLineReferenceDesc
ExplanationTHE THREE AREAS OF FINANCIAL ASSISTANCE TO STUDENTS ARE LOANS, GRANTS, AND EMPLOYMENT (WORK-STUDY). THESE ARE GENERALLY AWARDED ON THE BASIS OF FINANCIAL NEED, DETERMINED BY AN ANALYSIS OF FAMILY INCOME AND ASSETS. SCHOLARSHIPS ARE ANOTHER SOURCE OF FINANCIAL ASSISTANCE, AWARDED ON THE BASIS OF ACADEMIC ACHIEVEMENT, ATHLETICS OR PERFORMING ARTS, COMMUNITY SERVICE OR LEADERSHIP. CRITERIA FOR MERIT BASED AWARDS MAY ALSO INCLUDE A FINANCIAL NEEDS REQUIREMENT. THE UNIVERSITY MONITORS THE AMOUNT ISSUED BY CALCULATING A COST OF ATTENDANCE, ASSESSING AN ESTIMATED FAMILY CONTRIBUTION (EFC), AND DERIVING A LEVEL OF FINANCIAL NEED. ONCE THE AMOUNT OF AID HAS BEEN DETERMINED FOR THE INDIVIDUAL, IT IS DISPERSED TO THE STUDENT'S ACCOUNT AND IS CONTROLLED BY THE BURSAR'S OFFICE. SEVERAL REPORTS/SURVEYS ARE USED ANNUALLY TO MONITOR THE DISTRIBUTION OF GRANT ASSISTANCE; FOR EXAMPLE, FISAP REPORT TO USDE, FEDERAL SINGLE AUDIT, FEDERAL IPEDS REPORT, STATE SINGLE AUDIT, AND VARIOUS SURVEYS THAT TYPICALLY USE INFORMATION FROM THE COMMON DATA SET (CDS).ExplanationTxt

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Idemnification Gross Up PmtsYes (X)IdemnificationGrossUpPmtsInd
Housing Allowance Or ResidenceYes (X)HousingAllowanceOrResidenceInd
Written Policy Ref T And E ExpnssYes (1)WrittenPolicyRefTAndEExpnssInd
Substantiation RequiredYes (1)SubstantiationRequiredInd
Compensation CommitteeYes (X)CompensationCommitteeInd
Form990 Of Other OrganizationsYes (X)Form990OfOtherOrganizationsInd
Written Employment ContractYes (X)WrittenEmploymentContractInd
Compensation SurveyYes (X)CompensationSurveyInd
Board Or Committee ApprovalYes (X)BoardOrCommitteeApprovalInd
Severance Payment0SeverancePaymentInd
Supplemental Nonqual Rtr PlanYes (1)SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm0EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng OrgYes (1)CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs0CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng OrgYes (1)CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs0CompBsdNetEarnsRltdOrgsInd
Any Non Fixed PaymentsYes (1)AnyNonFixedPaymentsInd
Initial Contract ExceptionYes (1)InitialContractExceptionInd
Rebuttable Presumption Proc0RebuttablePresumptionProcInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (13 entries)

TitleTitleTxtBase Compensation Filing OrgBaseCompensationFilingOrgAmtCompensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmtBonus Filing OrganizationBonusFilingOrganizationAmountBonus Related OrganizationsBonusRelatedOrganizationsAmtOther Compensation Filing OrgOtherCompensationFilingOrgAmtOther Compensation Rltd OrgsOtherCompensationRltdOrgsAmtDeferred Compensation Flng OrgDeferredCompensationFlngOrgAmtDeferred Comp Rltd OrgsDeferredCompRltdOrgsAmtNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmtNontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmtTotal Compensation Filing OrgTotalCompensationFilingOrgAmtTotal Compensation Rltd OrgsTotalCompensationRltdOrgsAmtComp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmtComp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
JOHN J PETILLO PHD
PRESIDENT$491,370$0$372,206$0$1,040,451$0$204,390$0$104,358$0$2,212,775$0$0$0
MICHAEL J KINNEY
SVP/ADVISIOR UNTIL 7/1/20$341,277$0$168,191$0$69,163$0$10,267$0$10,218$0$599,116$0$0$0
JAMES BARQUINERO
SR. VICE PRESIDENT$284,423$0$85,781$0$3,239$0$30,735$0$35,850$0$440,028$0$0$0
MARTHA CRAWFORD
DEAN$281,388$0$99,367$0$552$0$23,400$0$19,192$0$423,899$0$0$0
RUPENDRA PALIWAL
PROVOST & VICE PRESIDENT FOR ACADEMI$284,208$0$82,451$0$1,242$0$29,754$0$593$0$398,248$0$0$0
DAVID COPPOLA
SR. VP ADMIN & PLANNING$235,987$0$63,182$0$3,431$0$25,151$0$34,251$0$362,002$0$0$0
MICHAEL LAROBINA ESQ
GENERAL COUNSEL$214,417$0$61,964$0$2,069$0$23,131$0$11,379$0$312,960$0$0$0
PHILIP MCCABE
SR. VP FOR FINANCE$206,651$0$55,369$0$6,178$0$22,469$0$18,583$0$309,250$0$0$0
ROBERT M HARDY
VICE PRESIDENT$209,545$0$61,645$0$2,957$0$22,828$0$2,500$0$299,475$0$0$0
MAURA IVERSEN
DEAN$218,351$0$31,397$0$2,027$0$25,912$0$10,379$0$288,066$0$0$0
WILLIAM REIDY
VICE PRESIDENT$180,976$0$48,939$0$2,630$0$20,025$0$34,850$0$287,420$0$0$0
ROBERT J VALENTINE
EXECUTIVE DIRECTOR OF ATHL$255,662$0$0$0$3,702$0$19,973$0$0$0$279,337$0$0$0
ROBIN CAUTIN
DEAN$191,363$0$55,180$0$360$0$16,236$0$0$0$263,139$0$0$0

Supplemental Information Detail SupplementalInformationDetail (7 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART I, LINE 1ATHE UNIVERSITY PROVIDES ON CAMPUS HOUSING TO ITS PRESIDENT FOR THE CONVENIENCE OF THE UNIVERSITY. THE ESTIMATED RENT IS INCLUDED AS A NON-TAXABLE BENEFIT IN PART II, COLUMN D. THE PRESIDENT RECEIVED GROSS-UP PAYMENTS THAT ARE INCLUDED AS TAXABLE WAGES IN PART II, COLUMN B(III).
PART I, LINE 3COMPENSATION FOR THE UNIVERSITY'S PRESIDENT/CEO IS DETERMINED THROUGH AN EXTENSIVE REVIEW OF THE JOB RESPONSIBILITIES AND EXPECTATIONS OUTLINED BY THE BOARD. THE COMPENSATION COMMITTEE THEN PERFORMS A REVIEW OF EXTERNAL MARKET AND INDUSTRY SURVEY AND STUDY DATA. CONSIDERATION OF ALL ADDITIONAL RESPONSIBILITIES ARE DETAILED OUT IN SPECIFIC LANGUAGE IN AN EMPLOYMENT CONTRACT APPROVED BY OUR LEGAL COUNSEL. FINAL SALARY RANGES ARE THEN DETERMINED BY THE COMPENSATION COMMITTEE. COMPENSATION IS DETERMINED BY THE EVALUATION OF THE JOB DESCRIPTION AGAINST EXTERNAL MARKET DATA AVAILABLE AS WELL AS THE REVIEW OF OUR INTERNAL EMPLOYEE DATA. CONSIDERATION OF ADDITIONAL RESPONSIBILITIES AND OTHER FACTORS MAY ALSO CONTRIBUTE IN DETERMINING COMPENSATION. THE DELIBERATION AND DECISION ARE CONTEMPORANEOUSLY DOCUMENTED.
PART I, LINE 4BTHE PRESIDENT PARTICIPATED IN A SECTION 457 (F) NON-QUALIFIED DEFERRED COMPENSATION PLAN, WHICH WAS EFFECTIVE JULY 1, 2016. THE PRESIDENT BECAME 100% VESTED ON JULY 1, 2020 AND THE AMOUNT IS INCLUDED AS TAXABLE WAGES IN PART II, COLUMN B(III).
PART I, LINE 5BONUSES ARE PAID TO SENIOR STAFF MEMBERS BASED IN PART ON ACHIEVING BUDGETED REVENUE GOALS.
PART I, LINE 6BONUSES ARE PAID TO SENIOR STAFF MEMBERS BASED IN PART ON ACHIEVING THE TRANSFER TO THE TRUSTEE RESERVES. SENIOR STAFF MEMBERS HAVE PERFORMANCE MEASURES FOR MANAGING THE UNIVERSITY TO MAINTAIN A BALANCED BUDGET.
PART I, LINE 7THERE ARE QUANTITATIVE MEASURES THAT ARE APPLIED IN DETERMINING BONUSES TO SENIOR STAFF MEMBERS. THE PRESIDENT AND THE BOARD HAVE DISCRETION TO ADJUST THE PAYMENTS FOR UNUSUAL CIRCUMSTANCES. IN ALL CASES, THESE PAYMENTS ARE REVIEWED WITH AND APPROVED BY THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES.
PART I, LINE 8THE FOLLOWING INDIVIDUAL LISTED ON FORM 990, PART VII RECEIVED COMPENSATION THAT WAS PAID PURSUANT TO AN INITIAL CONTRACT WITH THE UNIVERSITY: - RUPENDRA PALIWAL, PROVOST & VICE PRESIDENT FOR ACADEMIC AFFAIRS - DAVID COPPOLA, SR. VICE PRESIDENT ADMINISTRATION & PLANNING - MARTHA CRAWFORD, DEAN - PHILIP MCCABE, SR. VICE PRESIDENT FOR FINANCE

Schedule K IRS990ScheduleK

Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp (3 entries)

Bond ReferenceBondReferenceCdBond Issuer EINBondIssuerEINCUSIPCUSIPNumBond IssuedBondIssuedDtIssue PriceIssuePriceAmtPurposePurposeDescDefeasedDefeasedIndOn Behalf Of IssuerOnBehalfOfIssuerIndPool FinancingPoolFinancingInd
SACRED HEART UNIVERSITY - SERIES I-1
A06077664420774Y2C02017-11-22$157,271,506SEE PART VI000
SACRED HEART UNIVERSITY - SERIES J-1
B0607766442017-11-22$53,465,000SEE PART VI000
SACRED HEART UNIVERSITY - SERIES K
C06077664420775DJT02002-09-22$150,439,692SEE PART VI000

Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp (3 entries)

Bond ReferenceBondReferenceCdRetiredRetiredAmtTotal ProceedsTotalProceedsAmtIssuance Costs From ProceedsIssuanceCostsFromProceedsAmtCapital ExpendituresCapitalExpendituresAmtOther Spent ProceedsOtherSpentProceedsAmtSubstantial CompletionSubstantialCompletionYrRefunding Tax Exempt BondsRefundingTaxExemptBondsIndRefunding Taxable BondsRefundingTaxableBondsIndFinal Allocation MadeFinalAllocationMadeIndAdequate Books And Rec MaintAdequateBooksAndRecMaintInd
A$10,070,000$157,271,506$1,035,765$50,463,737$105,772,0042019Yes (1)0Yes (1)Yes (1)
B$7,436,122$53,465,000$372,301$53,092,699Yes (1)0Yes (1)Yes (1)
C$150,439,692$992,749$149,446,943000Yes (1)

Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp (3 entries)

Bond ReferenceBondReferenceCdOwning Bond Financed PropertyOwningBondFinancedPropertyIndAny Lease ArrangementsAnyLeaseArrangementsIndMgmt Contract Bond Fincd PropMgmtContractBondFincdPropIndEngage Bond Counsel ContractsEngageBondCounselContractsIndAny Research AgreementsAnyResearchAgreementsIndPrivate Bus Use By OthersPrivateBusUseByOthersPctTotal Private Business UseTotalPrivateBusinessUsePctBond Iss Meet Prvt Sec Pymt TestBondIssMeetPrvtSecPymtTestIndChange In Use Bond Financed PropChangeInUseBondFinancedPropIndProcs Nonqualified Bond RemdtdProcsNonqualifiedBondRemdtdInd
A00Yes (1)Yes (1)00.005700.0057000Yes (1)
B00Yes (1)Yes (1)00.001400.0014000Yes (1)
C00Yes (1)Yes (1)00.000100.0001000Yes (1)

Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp (3 entries)

Bond ReferenceBondReferenceCdForm8038 T FiledForm8038TFiledIndRebate Not Due YetRebateNotDueYetIndException To RebateExceptionToRebateIndNo Rebate DueNoRebateDueIndVariable Rate IssueVariableRateIssueIndHedge Identified In Bks And RecHedgeIdentifiedInBksAndRecIndGross Proceeds Invested In GICGrossProceedsInvestedInGICIndGross Proceeds InvestedGrossProceedsInvestedIndWritten Proc To Monitor ReqsWrittenProcToMonitorReqsIndBusiness Name Line2HedgeProviderName/BusinessNameLine2TxtTerm Of HedgeTermOfHedgePctSuperintegrated HedgeSuperintegratedHedgeIndHedge TerminatedHedgeTerminatedInd
(no name)
A000Yes (1)0000Yes (1)
PEOPLE'S UNITED
B000Yes (1)Yes (1)Yes (1)00Yes (1)BANK NATIONAL19.600000000000Yes (1)0
(no name)
C000Yes (1)0000Yes (1)

Procedures Corrective Action ProceduresCorrectiveActionGrp (3 entries)

Bond ReferenceBondReferenceCdProcedures Corrective ActionProceduresCorrectiveActionInd
AYes (1)
BYes (1)
CYes (1)

Supplemental Information Detail SupplementalInformationDetail (4 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
SCHEDULE K, PART I, LINE A (F):REFUNDING AND DEFEASANCE OF SERIES H, SETTLE LOC, CONSTRUCTION.
SCHEDULE K, PART I, LINE B (F):REFUNDING AND DEFEASANCE OF EARLIER SERIES F AND PORTION OF SERIES G.
SCHEDULE K, PART I, LINE C (F):CONTRUCTION PROJECTS INCLUDING RESIDENTIAL HOUSING.
SCHEDULE K, PART IV, LINE 2CTHE FIRST REQUIRED COMPUTATION DATE FOR SERIES J-1 IS 11/22/2022.

Schedule L IRS990ScheduleL

Grnt Asst Bnft Interested Prsn GrntAsstBnftInterestedPrsnGrp

FieldValueIRS element (for citing)
Cash Grant$22,225CashGrantAmt
Type Of AssistanceGRANT AND OTHER ASSISTANCETypeOfAssistanceTxt
Assistance PurposeFINANCIAL AIDAssistancePurposeTxt

Schedule M IRS990ScheduleM

Clothing And Household Goods ClothingAndHouseholdGoodsGrp

FieldValueIRS element (for citing)
Non Cash CheckboxYes (X)NonCashCheckboxInd
Noncash Contributions Rpt F990$14,718NoncashContributionsRptF990Amt
Method Of Determining RevenuesFMVMethodOfDeterminingRevenuesTxt

Securities Publicly Traded SecuritiesPubliclyTradedGrp

FieldValueIRS element (for citing)
Non Cash CheckboxYes (X)NonCashCheckboxInd
Contribution17ContributionCnt
Noncash Contributions Rpt F990$402,477NoncashContributionsRptF990Amt
Method Of Determining RevenuesFMVMethodOfDeterminingRevenuesTxt

Collectibles CollectiblesGrp

FieldValueIRS element (for citing)
Non Cash CheckboxYes (X)NonCashCheckboxInd
Contribution6ContributionCnt
Noncash Contributions Rpt F990$1,071NoncashContributionsRptF990Amt
Method Of Determining RevenuesFMVMethodOfDeterminingRevenuesTxt

Food Inventory FoodInventoryGrp

FieldValueIRS element (for citing)
Non Cash CheckboxYes (X)NonCashCheckboxInd
Contribution1ContributionCnt
Noncash Contributions Rpt F990$50NoncashContributionsRptF990Amt
Method Of Determining RevenuesFMVMethodOfDeterminingRevenuesTxt

Drugs And Medical Supplies DrugsAndMedicalSuppliesGrp

FieldValueIRS element (for citing)
Non Cash CheckboxYes (X)NonCashCheckboxInd
Contribution100ContributionCnt
Noncash Contributions Rpt F990$669NoncashContributionsRptF990Amt
Method Of Determining RevenuesFMVMethodOfDeterminingRevenuesTxt

Other Non Cash Contri Table OtherNonCashContriTableGrp (2 entries)

Non Cash CheckboxNonCashCheckboxIndDescDescContributionContributionCntNoncash Contributions Rpt F990NoncashContributionsRptF990AmtMethod Of Determining RevenuesMethodOfDeterminingRevenuesTxt
Yes (X)SPECIAL EVENT GIFTS28$20,652FMV
Yes (X)EQUIPMENT62$3,215FMV
FieldValueIRS element (for citing)
Any Property That Must Be Held0AnyPropertyThatMustBeHeldInd
Review Process Unusual NC Gifts0ReviewProcessUnusualNCGiftsInd
Third Parties Used0ThirdPartiesUsedInd

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART I, COLUMN (B):FormAndLineReferenceDesc
ExplanationNUMBER OF CONTRIBUTIONS REPRESENTS THE NUMBER OF ITEMS CONTRIBUTED.ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (6 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION B, LINE 11BTHE FOLLOWING IS THE SUCCESSION OF THE REVIEWS THAT OCCUR PRIOR TO FILING FORM 990. REVISIONS TO THE RETURN MAY BE MADE AT ANY POINT PRIOR TO FINAL FILING OF THE RETURN: THE RETURN IS PREPARED BY AN OUTSIDE PREPARER WITH THE ASSISTANCE OF THE ACCOUNTING STAFF. THE RETURN IS THEN INDEPENDENTLY REVIEWED BY THE ASSOCIATE VP FOR FINANCE AND SENIOR VP FOR FINANCE. COPIES OF THE RETURN ARE PROVIDED TO THE PRESIDENT, EACH MEMBER OF THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES AND THE CORPORATE SECRETARY FOR THEIR REVIEW AND COMMENT PRIOR TO FILING.
FORM 990, PART VI, SECTION B, LINE 12CEVERY YEAR, THE CONFLICT OF INTEREST POLICY IS REVIEWED. ALL KEY EMPLOYEES, TRUSTEES AND OFFICERS OF THE UNIVERSITY ARE REQUIRED TO REVIEW AND COMPLETE THE FORMS AS APPROPRIATE, SIGN, AND SUBMIT THE FORMS TO THEIR MANAGER OR BOARD SECRETARY FOR REVIEW AND SIGNATURE.
FORM 990, PART VI, SECTION B, LINE 15COMPENSATION FOR THE UNIVERSITY'S PRESIDENT/CEO IS DETERMINED THROUGH AN EXTENSIVE REVIEW OF THE JOB RESPONSIBILITIES AND EXPECTATIONS OUTLINED BY THE BOARD. THE COMPENSATION COMMITTEE THEN PERFORMS A REVIEW OF EXTERNAL MARKET AND INDUSTRY SURVEY AND STUDY DATA. CONSIDERATION OF ALL ADDITIONAL RESPONSIBILITIES ARE DETAILED OUT IN SPECIFIC LANGUAGE IN AN EMPLOYMENT CONTRACT APPROVED BY OUR LEGAL COUNSEL. FINAL SALARY RANGES ARE THEN DETERMINED BY THE COMPENSATION COMMITTEE. COMPENSATION FOR OTHER KEY EMPLOYEES IS DETERMINED BY THE EVALUATION OF THE JOB DESCRIPTION AGAINST EXTERNAL MARKET DATA AVAILABLE AS WELL AS THE REVIEW OF OUR INTERNAL EMPLOYEE DATA. CONSIDERATION OF ADDITIONAL RESPONSIBILITIES AND OTHER FACTORS MAY ALSO CONTRIBUTE IN DETERMINING COMPENSATION. COMPENSATION FOR THE UNIVERSITY'S OTHER OFFICERS AND KEY EMPLOYEES IS ORIGINALLY DETERMINED BASED ON EXTERNAL MARKET AND INDUSTRY SURVEY AS WELL AS THE REVIEW OF OUR INTERNAL EMPLOYEE DATA. ANY ADDITIONAL RESPONSIBILITIES ARE ALSO CONSIDERED. THE DATA IS REVIEWED BY A COMMITTEE AUTHORIZED BY THE BOARD OF TRUSTEES. DECISIONS AND AUTHORIZATIONS ARE DOCUMENTED AND PLACED ON FILE WITH THE VICE PRESIDENT OF HUMAN RESOURCES. FINAL ANNUAL SALARY RECOMMENDATIONS FROM THE PRESIDENT ARE SUBMITTED FOR REVIEW AND APPROVED BY THE HUMAN RESOURCES COMPENSATION COMMITTEE.
FORM 990, PART VI, SECTION C, LINE 19GUIDESTAR.ORG POSTS THE UNIVERSITY'S 990 FILING ANNUALLY. THIS MAKES THE 990 WIDELY AVAILABLE THROUGH THE INTERNET. COPIES ARE ALSO MADE AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST. GOVERNING DOCUMENTS AND THE ANNUAL FINANCIAL REPORT ARE MADE AVAILABLE TO BOARD MEMBERS AND IN COMPLIANCE WITH DEBT COVENANTS. UNIVERSITY EMPLOYEE AND FACULTY HANDBOOKS ARE POSTED ON THE UNIVERSITY WEBSITE. IN ADDITION, ALL STAFF AND FACULTY RECEIVE A HARD COPY. THE CONFLICT OF INTEREST POLICY IS ANNUALLY DISTRIBUTED ONLY TO KEY EMPLOYEES, DIRECTORS, AND OFFICERS OF THE UNIVERSITY TO SIGN AND RETURN.
FORM 990, PART XI, LINE 9:CHANGE IN VALUE OF INTEREST RATE SWAPS 2,820,267.
FORM 990, PART XII, LINE 2C:THERE WERE NO CHANGES TO THE UNIVERSITY'S OVERSIGHT OR SELECTION PROCESSES DURING THE TAX YEAR.

Schedule R IRS990ScheduleR

Id Disregarded Entities IdDisregardedEntitiesGrp (2 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdEINEINPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile StateLegalDomicileStateCdTotal IncomeTotalIncomeAmtEnd Of Year AssetsEndOfYearAssetsAmtBusiness Name Line1DirectControllingEntityName/BusinessNameLine1TxtAddress Line1ForeignAddress/AddressLine1TxtCityForeignAddress/CityNmProvince Or StateForeignAddress/ProvinceOrStateNmCountryForeignAddress/CountryCdLegal Domicile Foreign CountryLegalDomicileForeignCountryCd
CORAM LANE LLC
5151 PARK AVEFAIRFIELDCT06825475563897OPERATION OF GREAT RIVER GOLF CLUBCT$3,839,266$7,907,048SACRED HEART UNIVERSITY
SACRED HEART CAMPUS IN DINGLE
CURRICULUM EXPANSION$393,427$1,608,617SACRED HEART UNIVERSITYTHE MALLDINGLECO KERRYEIEI

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