2022-05-06T13:39:30-05:00 2021-06-30 221478099 COHNREZNICK LLP 350 CHURCH STREET 12TH FLOOR HARTFORD CT 06103 990 2020-07-01 061627882 GOODWIN UNIVERSITY INC GOOD 8607276906 ONE RIVERSIDE DRIVE EAST HARTFORD CT 06118 MARK SCHEINBERG PRESIDENT 8607276906 2022-05-04 1 MARK SCHEINBERG 999009999 LORI ROTHE YOKOBOSKY CPA P01273422 9592007000 2022-05-03 3 AAL1 IAL1 2020 2022-09-23 18:48:47Z MARK SCHEINBERG ONE RIVERSIDE DRIVE EAST HARTFORD CT 06118 116364597 0 X WWW.GOODWIN.EDU X 2001 CT SEE SCHEDULE O 26 25 729 0 -1435366 0 10000600 13533853 60904233 58635442 174208 16209 103794 40467088 71182835 112652592 12963719 15961895 0 0 28000898 27660721 0 0 392070 23951086 25986361 64915703 69608977 6267132 43043615 260541446 319810190 43139993 59517470 217401453 260292720 X THE MISSION OF GOODWIN UNIVERSITY IS TO EDUCATE A DIVERSE STUDENT POPULATION IN A DYNAMIC ENVIRONMENT THAT ALIGNS EDUCATION, COMMERCE AND COMMUNITY. OUR INNOVATIVE PROGRAMS OF STUDY PREPARE STUDENTS FOR PROFESSIONAL CAREERS WHILE PROMOTING LIFELONG LEARNING AND CIVIC RESPONSIBILITY. AS A NUTURING COLLEGE COMMUNITY WE CHALLENGE STUDENTS, FACULTY, STAFF AND ADMINISTRATION TO FULLY REALIZE THEIR HIGHEST ACADEMIC, PROFESSIONAL AND PERSONAL POTENTIAL. 0 0 49141250 15961895 65672474 GOODWIN UNIVERSITY IS AUTHORIZED TO CONFER MASTERS DEGREES, BACCALAUREATE DEGREES, ASSOCIATE DEGREES AND ONE AND TWO-YEAR CERTIFICATE PROGRAMS. TO THIS END, GOODWIN UNIVERSITY CREATES AN EDUCATIONAL ENVIRONMENT THAT BLENDS PROFESSIONAL PREPARATION WITH DEVELOPMENT OF CRITICAL THINKING SKILLS AND AN APPRECIATION OF THE HUMANITIES, ARTS AND SCIENCES; EDUCATES STUDENTS IN AN ENVIRONMENT THAT CELEBRATES DIVERSE CULTURES, AGES, EXPERIENCES AND OPINIONS; ENRICHES OUR LOCAL AND GLOBAL COMMUNITIES BY FORMING COLLABORATIVE RELATIONSHIPS THAT CREATE EDUCATIONAL, ECONOMIC AND CULTURAL BENEFITS; AND ASSISTS OUR GRADUATES WITH IDENTIFYING AND SECURING CAREER AND GROWTH OPPORTUNITIES. 49141250 1 1 0 1 0 0 0 1 0 1 1 0 0 0 1 1 0 1 1 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 1 0 0 0 0 0 1 1 1 0 0 0 1 4773 0 1 729 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 26 25 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CT X EDWIN MEYER JR 8607276906 ONE RIVERSIDE DRIVE EAST HARTFORD CT 06118 FRANK AMODIO DIRECTOR 2.00 0.40 X 0 0 0 RON ANGELO DIRECTOR 2.00 0.30 X 0 0 0 KEVIN ARMATA OUTGOING DIRECTOR 2.00 0.30 X 0 0 0 MICHELE BUSH DIRECTOR 2.00 0.30 X 0 0 0 EDWARD CASARES DIRECTOR 2.00 0.30 X 0 0 0 MERILEE DEJOHN DIRECTOR 2.00 0.55 X 0 0 0 MARTIN D'ERAMO DIRECTOR 2.00 0.30 X 0 0 0 ANTHONY DIFATTA DIRECTOR 2.00 0.40 X 0 0 0 PHIL FOX DIRECTOR 2.00 0.30 X 0 0 0 MARIA ELLIS CHAIR 2.00 0.70 X X 0 0 0 ETHAN FOXMAN DIRECTOR 2.00 1.00 X 0 0 0 LARRY GOLDBERG DIRECTOR 2.00 0.30 X 0 0 0 MARY ANN HANLEY DIRECTOR 2.00 0.30 X 0 0 0 JEFFREY HOFFMAN DIRECTOR 2.00 0.30 X 0 0 0 JACKIE JACOBY DIRECTOR 2.00 1.05 X 0 0 0 ADAM JEAMEL TREASURER 2.00 0.30 X X 0 0 0 MOLLY LOUDEN DIRECTOR 2.00 0.30 X 0 0 0 ARAYMOND MADORIN OUTGOING TREASURER 2.00 0.70 X X 0 0 0 JULIO MATURANA DIRECTOR 2.00 0.30 X 0 0 0 MEGAN MEHR DIRECTOR 2.00 0.50 X 0 0 0 JUDY RESNICK DIRECTOR 2.00 0.60 X 0 0 0 MARK SCHEINBERG PRESIDENT 40.00 10.00 X X 709334 0 37841 SE-MIN SOHN VICE CHAIR 2.00 0.70 X X 0 0 0 ALVIN THOMPSON DIRECTOR 2.00 0.30 X 0 0 0 JOHN WALTERS DIRECTOR 2.00 0.30 X 0 0 0 JON ROONEY DIRECTOR 2.00 0.30 X 0 0 0 LEE HOUSLEY DIRECTOR 2.00 0.60 X 0 0 0 WILFREDO NIEVES DIRECTOR 2.00 0.30 X 0 0 0 EDWIN MEYER JR VP OF FINANCE 40.00 10.00 X 181120 0 44594 BRYANT HARRELL VP OF FACILITIES & IT 50.00 X 195932 0 4711 DANIELLE WILKEN PROVOST & DEAN OF FACULTY 50.00 X 222031 0 6389 TODD ANDREWS VP OF ECONOMIC AND STRATEG 45.00 5.00 X 245794 0 33118 DANIEL NOONAN VP OF ENROLLMENT SERVICES 50.00 X 209124 0 7119 JEAN MCGILL-WHITE VP HUMAN RESOURCES 50.00 X 156693 0 24729 TYRONE BLACK VP STUDENT AFFAIRS 50.00 X 151980 0 10730 CLIFFORD THERMER AVP BUSINESS DEVELOPMENT 50.00 X 145343 0 3740 2217351 0 172971 30 0 1 0 FIP CONSTRUCTION INC 1536 NEW BRITAIN AVE FARMINGTON CT 06032 CONSTRUCTION 6919121 DOWNES CONSTRUCTION COMPANY LLC 200 STANLEY STREET PO BOX 727 NEW BRITAIN CT 06051 CONSTRUCTION 1580226 GOOGLE INC DEPT 33654 PO BOX 39000 SAN FRANCISCO CA 94139 ADVERTISING SERVICES 1404025 FOLLETT HIGHER EDUCATION GROUP 3146 SOLUTIONS CENTER CHICAGO IL 606773001 RETAIL/BOOKSTORE OPERATION 800382 SSC INC PO BOX 135 BRATTLEBORO VT 053020135 SECURITY SERVICES 634829 39 540168 12732932 260753 13533853 TUITION & FEES 611600 58635442 58635442 58635442 16209 16209 2325027 3712005 -1386978 -1386978 -1435366 48388 98032 0 98032 98032 GAIN ON BARGAIN PURCHA 611600 34817034 34817034 MANAGEMENT FEE INCOME 611600 5357000 5357000 OTHER INCOME 611600 1466625 1466625 115375 115375 41756034 112652592 65672474 -1435366 34881631 4357000 4357000 11604895 11604895 1160342 180955 978354 1033 61735 61735 22012372 15247927 6402537 361908 378581 293517 85064 2169349 453387 1715962 1878342 1150815 702244 25283 1178467 1178467 202351 202351 57750 57750 1800057 503349 1295808 900 2962547 205517 2757030 706897 369455 336996 446 1210056 764387 445669 140799 92976 47823 787266 708539 78727 7543706 6789335 754371 656275 656275 STUDENT EXPENSE 5003420 4812376 191044 REPAIRS AND MAINTENANCE 1074409 812227 262182 BAD DEBT EXPENSE 935846 22500 913346 DUES AND SUBSCRIPTIONS 497416 49377 446242 1797 1229099 722716 505680 703 69608977 49141250 20075657 392070 27577379 17194156 5291628 12019513 2457609 2203164 1390948 2490277 339550239 60912370 216957045 278637869 6866837 7265211 260541446 319810190 8504039 9644724 5676130 5913511 24795637 41516097 4164187 2443138 43139993 59517470 X 217254124 260086334 147329 206386 217401453 260292720 260541446 319810190 X 43043615 -152347 X X 0 1 X 1 1 1 X 4804919 13883898 8653392 10000600 13533853 50876662 4804919 13883898 8653392 10000600 13533853 50876662 50876662 382430 470870 611505 698535 591653 2754993 188203 85073 200000 115706 41756034 42345016 95976671 314862516 0.53010 0.93580 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS - 2016 AMOUNT: $ 63,203. 2017 AMOUNT: $ 85,073. 2019 AMOUNT: $ 115,706. 2020 AMOUNT: $ 1,582,000. PURCHASE DISCOUNT - 2016 AMOUNT: $ 125,000. 2018 AMOUNT: $ 200,000. MANAGEMENT FEE INCOME - 2020 AMOUNT: $ 5,357,000. GAIN ON BARGAIN PURCHASE - 2020 AMOUNT: $ 34,817,034. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 1 57750 0 0 57750 0 PART II-B, LINE 1: REPRESENTATION ON LEGISLATIVE ISSUES AFFECTING PRIMARY, SECONDARY AND HIGHER EDUCATION. 882820 X 0 11565746 536393 2409943 690734 13821348 11269076 741878 234504 679712 11565746 10633771 792200 475825 632720 11269076 10001213 665119 578022 610583 10633771 9125744 558115 833500 516146 10001213 0.84502 0.07384 0.08113 0 1 1 38024782 38024782 273050841 44530615 228520226 18606239 13474738 5131501 9868377 2907017 6961360 278637869 REFUNDABLE ADVANCES 339406 OTHER LIABILITIES 2103732 2443138 X PART III, LINE 4: THE UNIVERSITY'S COLLECTIONS ARE DISPLAYED THROUGHOUT THE CAMPUS FOR THE CULTURAL ENRICHMENT OF THE STUDENT POPULATION. PART V, LINE 4: ENDOWMENT EARNINGS RESIDING IN GOODWIN FOUNDATION, INC. ARE PRIMARILY TO BE USED TO AWARD SCHOLARSHIPS TO FULL AND PART-TIME STUDENTS OF GOODWIN UNIVERSITY, INC. PART X, LINE 2: THE UNIVERSITY HAS NO UNRECOGNIZED TAX BENEFITS AT JUNE 30, 2021 AND 2020. THE UNIVERSITY'S FEDERAL AND STATE TAX FILINGS PRIOR TO FISCAL YEAR 2018 ARE CLOSED AND MANAGEMENT CONTINUALLY EVALUATES EXPIRING STATUTES OF LIMITATIONS, AUDITS, PROPOSED SETTLEMENTS, CHANGES IN TAX LAW AND NEW AUTHORITATIVE RULINGS. IF THE UNIVERSITY HAD UNRELATED BUSINESS INCOME TAXES, IT WOULD RECOGNIZE INTEREST AND PENALTIES ASSOCIATED WITH ANY TAX MATTERS AS PART OF THE INCOME TAX PROVISION AND INCLUDE ACCRUED INTEREST AND PENALTIES WITH THE RELATED TAX LIABILITY IN THE CONSOLIDATED STATEMENTS OF FINANCIAL POSITION. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE UNIVERSITY PUBLICIZES ITS RACIAL NONDISCRIMINATION POLICY ON ITS WEBSITE AND IN ITS STUDENT CATALOG. SCHEDULE E, PART I, LINE 6 THE UNIVERSITY PARTICIPATES IN THE FEDERAL STUDENT FINANCIAL AID PROGRAM; ACCORDINGLY THE UNIVERSITY RECEIVES VARIOUS FUNDS FROM THE DEPARTMENT OF EDUCATION, INCLUDING DIRECT LOAN, PELL, SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANTS (SEOG) AND FEDERAL WORK STUDY FUNDS IN PAYMENT OF STUDENT TUITION AND FEES. THE UNIVERSITY PERIODICALLY RECEIVES OTHER MISCELLANEOUS FEDERAL GRANT FUNDING BASED UPON ITS NEEDS AT THE TIME OF FUNDING. 1 THE UNIVERSITY OF BRIDGEPORT INC 126 PARK AVE BRIDGEPORT CT 06604 861274088 501C3 4357000 EDUCATIONAL SERVICES 1 FINANCIAL AID 2982 11604895 FMV INSTITUTIONAL AID APPLIED TO THE STUDENTS' ACCOUNTS. FORM 990 SCHEDULE I SCHEDULE I, PART I, LINE 2: THE UNIVERSITY AWARDS SCHOLARSHIPS AND OTHER ASSISTANCE TO QUALIFIED INDIVIDUALS ON THE BASIS OF FINANCIAL NEED AND ACADEMIC ACHIEVEMENT. THE AWARDING OF FUNDS IS MONITORED BY THE UNIVERSITY'S FINANCIAL AID OFFICE, WHERE A COMPLETE LISTING OF RECIPIENTS IS ALSO MAINTAINED. X X 1 1 X X X X X X 0 0 0 0 0 0 0 1 0 MARK SCHEINBERG PRESIDENT 555573 0 153261 0 500 0 7125 0 30716 0 747175 0 0 0 TODD ANDREWS VP OF ECONOMIC AND STRATEG 228794 0 16500 0 500 0 6221 0 26897 0 278912 0 0 0 DANIELLE WILKEN PROVOST & DEAN OF FACULTY 205134 0 16500 0 397 0 5163 0 1226 0 228420 0 0 0 EDWIN MEYER JR VP OF FINANCE 164223 0 16500 0 397 0 5141 0 39453 0 225714 0 0 0 DANIEL NOONAN VP OF ENROLLMENT SERVICES 192124 0 16500 0 500 0 4864 0 2255 0 216243 0 0 0 BRYANT HARRELL VP OF FACILITIES & IT 179028 0 16500 0 404 0 4486 0 225 0 200643 0 0 0 JEAN MCGILL-WHITE VP HUMAN RESOURCES 139847 0 16500 0 346 0 3076 0 21653 0 181422 0 0 0 TYRONE BLACK VP STUDENT AFFAIRS 146630 0 5000 0 350 0 2268 0 8462 0 162710 0 0 0 PART I, LINE 7 PERFORMANCE-BASED BONUSES WERE DETERMINED FOR AND PAID TO ALL LISTED INDIVIDUALS, OTHER THAN THE PRESIDENT OF THE UNIVERSITY, THROUGH RECOMMENDATIONS FROM THE EXECUTIVE VICE PRESIDENT & PROVOST AND THE VICE PRESIDENT OF HUMAN RESOURCES TO THE PRESIDENT OF THE UNIVERSITY. THE PRESIDENT'S PERFORMANCE-BASED BONUS WAS DETERMINED AND APPROVED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS. THE PRESIDENT DID NOT PARTICIPATE IN ITS DETERMINATION. BRYANT HARRELL JR SON OF BRYANT HARRELL 61735 COMPENSATION 0 FORM 990, PART I, LINE 1, DESCRIPTION OF ORGANIZATION MISSION: GOODWIN UNIVERSITY SEEKS TO ADDRESS GAPS IN HIGHER EDUCATION OPPORTUNITY IN THE STATE OF CONNECTICUT BY CRAFTING PROGRAMS AND SERVICES TO ENABLE LOW-INCOME AND MINORITY STUDENTS TO EARN COLLEGE DEGREES AT A HIGHER RATE THAN IS GENERALLY ACHIEVED AT PUBLICLY-FUNDED INSTITUTIONS BUT AT A LOWER FINANCIAL COST THAN OTHER PRIVATE COLLEGES. OVER HALF OF GOODWIN'S GRADUATES WERE THE FIRST IN THEIR FAMILIES TO ATTEND AND COMPLETE COLLEGE. GOODWIN UNIVERSITY'S ACADEMIC PROGRAMS, WHICH INCLUDE TWO MASTERS DEGREE PROGRAMS, TWELVE BACCALAUREATE PROGRAMS AND A RANGE OF ASSOCIATE DEGREES AND CERTIFICATES, ARE TIED TO WORKFORCE NEEDS, HELPING TO ENSURE THE EMPLOYABILITY OF GRADUATES. MANY OF GOODWIN UNIVERSITY'S STUDENTS THRIVE IN A SUPPORTIVE ACADEMIC ENVIRONMENT, BUT REQUIRE INDIVIDUALIZED SUPPORT SERVICES TO OVERCOME OBSTACLES TO EDUCATIONAL COMPLETION. TO SERVE THIS POPULATION, GOODWIN PROVIDES ONE-ON-ONE ADVISING, CASE-MANAGEMENT, AND COUNSELING SERVICES, AS WELL AS TUTORING AND PEER-MENTORING. ONE SUCH PROGRAM, THE GOODWIN ACHIEVEMENT PROGRAM (GAP), OFFERS FOUNDATIONAL CLASSES AT NO CHARGE TO STUDENTS WHOSE READING AND MATH SKILLS FALL BELOW COLLEGE-LEVEL PROFICIENCY. THE UNIVERSITY ALSO SUPPORTS INITIATIVES TARGETED AT CLOSING THE EDUCATIONAL ACHIEVEMENT GAP, INCLUDING THE MEN OF VISION IN EDUCATION (MOVE) AND WOMEN INVESTED IN SEEKING EDUCATION (WISE), WHICH PROVIDE FINANCIAL AID, CASE MANAGEMENT, AND MENTORSHIP FOR YOUNG MEN AND WOMEN FROM MINORITY BACKGROUNDS, AND SUMMER BRIDGE, A COLLEGE READINESS PROGRAM FOR URBAN HIGH SCHOOL GRADUATES. GOODWIN UNIVERSITY PROMOTES TEACHING EXCELLENCE AMONG ITS FACULTY BY PROMOTING PROFESSIONAL DEVELOPMENT AND ASSESSMENT. GOODWIN FACULTY ARE SUPPORTED IN THEIR INDIVIDUAL RESEARCH ENDEAVORS, WHERE AN EMPHASIS IS PLACED ON THOSE ACTIVITIES WHICH BEST TRANSLATE TO STUDENT SUCCESS INSIDE AND OUTSIDE THE CLASSROOM. TO HELP PROMOTE A CULTURE OF TEACHING EXCELLENCE, GOODWIN PROVIDES A GRANT PROGRAM TO INSPIRE INNOVATION AND IMPROVEMENT IN PROGRAM DEVELOPMENT. FORM 990, PART VI, SECTION A, LINE 2 MARK SCHEINBERG AND EDWIN MEYER SHARE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PRESENTED TO THE BOARD OF DIRECTORS FOR REVIEW AND APPROVAL. THE APPROPRIATE OFFICER OF THE UNIVERSITY IS THEN INFORMED OF THE APPROVAL FOR FILING AND THE RETURN IS SUBMITTED TO THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C A COMPLIANCE REVIEW IS CONDUCTED ANNUALLY ON THE CONFLICT OF INTEREST POLICY. THE BOARD OF DIRECTORS REVIEWS ALL POLICIES ANNUALLY WITH THE ASSISTANCE OF STAFF AND THE BOARD LIAISON. FORM 990, PART VI, SECTION B, LINE 15 THE REVIEW OF TOP MANAGEMENT AND KEY EMPLOYEES SALARIES ARE REVIEWED BY AN INDEPENDENT COMPENSATION COMMITTEE WHO COMPARES THEIR SALARIES TO TOP MANAGEMENT AND KEY EMPLOYEE'S SALARIES OF OTHER COLLEGES. THE BOARD APPROVES THE SALARIES ONCE THE COMPENSATION COMMITTEE REVIEWS THEM. FORM 990, PART VI, SECTION C, LINE 19 THE FORM 990, FS AND GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: LOSS FROM SUBSIDIARY - GREAT RIVER LAND TRUST -650. LOSS FROM SUBSIDARY - RIVER CAMPUS -92,310. PROVISION FOR UNCOLLECTIBLE GOV'T GRANTS & CONTRACTS -59,387. FORM 990, PART XII, LINE 2C: THE COLLEGE'S OVERSIGHT AND SELECTION PROCESSES HAVE NOT CHANGED DURING THE TAX YEAR. CAMPUS REALTY LLC 1 RIVERSIDE DRIVE EAST HARTORD CT 06118 208782395 RESIDENTIAL REAL ESTATE RENTALS CT 1230139 12178448 GOODWIN UNIVERSITY INC GOODWIN UNIVERSITY KING COURT LLC 1 RIVERSIDE DRIVE EAST HARTORD CT 06118 RESIDENTIAL REAL ESTATE RENTALS CT 381259 5037469 GOODWIN UNIVERSITY INC GOODWIN UNIVERSITY 417 MAIN LLC 1 RIVERSIDE DRIVE EAST HARTFORD CT 06118 RESIDENTIAL REAL ESTATE RENTALS CT 79537 2050225 GOODWIN UNIVERSITY INC MAIN AND ENSIGN DEVELOPMENT LLC 1 RIVERSIDE DRIVE EAST HARTFORD CT 06118 RESIDENTIAL REAL ESTATE RENTALS CT 62208 9797362 GOODWIN UNIVERSITY INC CONNECTICUT TRAINING CENTER INC 1137 MAIN STREET EAST HARTFORD CT 06108 223235660 EDUCATION CT 501(C)(3) LINE 2 GOODWIN UNIVERSITY INC 1 GREAT RIVER LAND TRUST INC 1 RIVERSIDE DRIVE EAST HARTFORD CT 06118 454128786 LAND PRESERVATION CT 501(C)(3) LINE 7 GOODWIN UNIVERSITY INC 1 GOODWIN FOUNDATION INC ONE RIVERSIDE DRIVE EAST HARTFORD CT 06118 061599388 FUNDRAISING CT 501(C)(3) LINE 10 GOODWIN UNIVERSITY INC 1 GOODWIN UNIVERSITY MAGNET SCHOOLS INC ONE RIVERSIDE DRIVE EAST HARTFORD CT 06118 810703802 EDUCATION CT 501(C)(3) LINE 2 GOODWIN UNIVERSITY INC 1 GOODWIN UNIVERSITY EDUCATION SERVICES INC ONE RIVERSIDE DRIVE EAST HARTFORD CT 06118 810703551 SUPPORT FOR GOODWIN UNIVERSITY MAGNET SCHOOLS CT 501(C)(3) LINE 12B, II GOODWIN UNIVERSITY INC 1 THE UNIVERSITY OF BRIDGEPORT INC ONE RIVERSIDE DRIVE EAST HARTFORD CT 06118 861274088 EDUCATION CT 501(C)(3) LINE 2 GOODWIN UNIVERSITY INC 0 RIVER CAMPUS INC 1 RIVERSIDE DRIVE EAST HARTFORD CT 06118 202503170 REAL ESTATE HOLDINGS CT GOODWIN UNIVERSITY INC C 2150465 1.00000 1 0 1 1 0 0 0 0 0 0 0 1 0 1 1 1 0 0 1 0