2022-05-13T10:38:33-05:00 2021-06-30 GRANT THORNTON LLP 757 THIRD AVENUE NEW YORK NY 10017 990 2020-07-01 221500645 Seton Hall University % DONNA MCMONAGLE SETO 9737619318 400 South Orange Avenue South Orange NJ 07079 DONNA MCMONAGLE VP Finance/CFO 9737619343 2022-05-12 true Donna McMonagle 999009999 DANIEL ROMANO PARTNER P00504182 2125429609 2022-05-02 2 2020 2022-09-23 18:48:47Z Joseph E Nyre PhD 400 South Orange Avenue South Orange NJ 07079 524256000 false 0928 X www.shu.edu X 1856 NJ SETON HALL UNIVERSITY IS A CATHOLIC INSTITUTION OF HIGHER EDUCATION 36 28 4000 589 928000 0 45513000 56312000 391164000 393124000 5802000 14634000 14015000 8964000 456494000 473034000 158732000 174289000 0 0 189888000 178191000 0 0 7616000 120077000 115961000 468697000 468441000 -12203000 4593000 814560000 890349000 376532000 384818000 438028000 505531000 X SEE SCHEDULE O false false 313248000 160894000 396341000 Educational - Seton Hall University operates to provide baccalaureate, masters, and doctoral degrees. Day and evening sessions accommodate both commuter and residential students on a part-time and full time basis. 89483000 12649000 3484000 Academic Support and Student Services - Academic Support provides support services, such as libraries, academic technology, faculty curriculum development, for its primary missions of instruction, research and public service. Student services provide various services to students, such as counseling, career guidance, financial aid, student records, health services and transportation, which contribute to the students' emotional and physical well-being and to their intellectual, cultural and social development outside the context of the University's formal instructional programs. 8898000 746000 Research, Training & Public Services - Enables faculty to explore new areas of education, learning and knowledge and provides non-instructional services to individuals and groups external to the University. The University also offers financial support to students through academic scholarships and work-study programs, which are funded by federal, state and private grants. 411629000 true true false true false false false true false true true true false true true true true false true true true false false false true false false true true true true false false false false false true true false true true true true false false false true false false false true 373 0 true 4000 true true true true LU false false false false true true false false false false true false X 36 28 false false false false false true true true true false false true true true true true true true true false X X X DONNA MCMONAGLE 9737619343 400 SOUTH ORANGE AVENUE South Orange NJ 07079 X Kevin Willard Head Coach Men's Basketball 60.0 0.0 X 2440812 0 62155 Joseph E Nyre PhD President/CEO/Regent/Trustee 60.0 0.0 X X 1230117 0 66484 Patrick G Lyons MBA EVP Operations/Chief of Staff 60.0 0.0 X 572969 0 133279 Alyssa McCloud PhD V.P. Enrollment Management 50.0 0.0 X 458200 0 33008 Anthony J Bozzella Head Coach Women's Basketball 60.0 0.0 X 389331 0 55102 Kathleen BoozangJDLLM Dean, School of Law 45.0 0.0 X 401755 0 36397 Karen E Boroff PhD Former Interim Provost 45.0 0.0 X 373192 0 46368 Stephen A Graham MBA V.P. Finance & CFO 50.0 0.0 X 343696 0 57071 Matthew Borowick MBA V.P. Univ. Relations 50.0 0.0 X 267383 0 70687 Bryan Felt Athletics Director 45.0 0.0 X 311509 0 18364 Joyce A Strawser PhD Dean, Stillman School Business 45.0 0.0 X 275901 0 52938 Stephen JLubbenJDPhD Law School Professor 45.0 0.0 X 263057 0 54135 Brian B Shulman PhD Dean, School Health & Medical 45.0 0.0 X 283481 0 30751 Shawna Cooper-GibsonEdD V.P. Student Services 50.0 0.0 X 259633 0 39292 Katia PasseriniPhD Provost and E.V.P. 50.0 0.0 X 220471 0 56148 Timothy P Glynn JD Law School Professor 45.0 0.0 X 240604 0 17160 Peter W Shoemaker PhD Dean College of Arts & Science 45.0 0.0 X 186856 0 56860 Kimberly ACapadonaEsq Regent/General Counsel 50.0 0.0 X 208010 0 31606 Tracy H Gottlieb PhD Former V.P. Student Services 45.0 0.0 X 148270 0 32234 Robin LCunninghamEdS Former Int. V.P. Stud. Serv. 45.0 0.0 X 146970 0 21628 Dennis J Garbini MBA Former V.P. Administration 0.0 0.0 X 148538 0 18499 Msgr Joseph R Reilly Trustee 45.0 0.0 X 38111 0 113817 Monsignor C Anthony Ziccardi V.P Mission & Min.(Thru 9/20) 45.0 0.0 X 71333 0 71627 Reverend Collin Kay M Div V.P. for Mission & Ministry 50.0 0.0 X 42260 0 77598 Monsignor Gerald J Buonopane Regent/Trustee 45.0 0.0 X 34243 0 77565 Jon Paparsenos V.P. Univ. Advancement 50.0 0.0 X 66760 0 40260 Michele Nelson PhD V.P. Board Affairs & Strategy 50.0 0.0 X 55773 0 14168 Reverend John J Chadwick Regent/Trustee 45.0 0.0 X 21355 0 42092 Monsignor Peter Smutelovic Trustee 1.0 0.0 X 0 0 42190 Cardinal Joseph W Tobin Regent/Trustee 1.0 0.0 X 0 0 0 Most Reverend Kurt R Burnette Regent/Trustee 1.0 0.0 X 0 0 0 Most Rev James F Checchio Regent 1.0 0.0 X 0 0 0 Most Rev Dennis J Sullivan Regent 1.0 0.0 X 0 0 0 Sr Margaret Stallmeyer CDP Regent/Trustee 1.0 0.0 X 0 0 0 Kevin H Marino JD Regent/Trustee 1.0 0.0 X 0 0 0 Mary Ann Christopher Regent/Trustee 1.0 0.0 X 0 0 0 Mark E Ganton Regent/Trustee 1.0 0.0 X 0 0 0 Robert J Sloan Regent/Trustee 1.0 0.0 X 0 0 0 James E Collins Regent 1.0 0.0 X 0 0 0 Henry F D'Alessandro Regent 1.0 0.0 X 0 0 0 Robert S Basso Regent 1.0 0.0 X 0 0 0 Robert B Budelman Esq Regent 1.0 0.0 X 0 0 0 Edward C Cerny Regent 1.0 0.0 X 0 0 0 David L Flood Regent 1.0 0.0 X 0 0 0 Robert C Garrett Regent 1.0 0.0 X 0 0 0 Richard A Giuditta Jr Regent 1.0 0.0 X 0 0 0 Helen Lerner Regent 1.0 0.0 X 0 0 0 Anthony Masherelli Regent 1.0 0.0 X 0 0 0 Richard C McMahon Regent 1.0 0.0 X 0 0 0 John F Swift Regent 1.0 0.0 X 0 0 0 Stephen G Waldis Regent 1.0 0.0 X 0 0 0 Matthew W Wright Regent 1.0 0.0 X 0 0 0 John D Hayes Regent 1.0 0.0 X 0 0 0 James T Boyle Jr Regent 1.0 0.0 X 0 0 0 Gerard H Hanson Esq Regent 1.0 0.0 X 0 0 0 Kevin P Flood Regent 1.0 0.0 X 0 0 0 Leo J Zatta Regent/Trustee 1.0 0.0 X 0 0 0 Most Rev Kevin J Sweeney Regent 1.0 0.0 X 0 0 0 Sr Sharon A Euart RSM Trustee 1.0 0.0 X 0 0 0 Sr Maureen Shaughnessy SC Trustee 1.0 0.0 X 0 0 0 9356702 0 1330773 337 true true false Gourmet Dining LLC 400 South Orange Avenue SOUTH ORANGE NJ 07079 Food Services 7455393 Atalian Global Services 417 Fifth Avenue 9th Floor NEW YORK NY 10016 Housekeeping 4554711 Sordoni Construction Co 1 Pluckemin Way 2nd Floor BEDMINSTER NJ 07921 General Contracting 2930282 Wiley Edu LLC PO Box 41671 BOSTON MA 022416571 Education Services 2424489 Joseph A Natoli Construction Corpor 293 Changebridge Rd PINE BROOK NJ 070589513 General Contracting 1530499 100 227000 41427000 14658000 680000 56312000 TUITION & FEES 900099 372802000 372802000 ROOM AND BOARD 900099 20322000 20322000 393124000 2131000 532000 1599000 863000 863000 132000 22000 110000 103000 103000 0 103000 103000 62714000 10000 51082000 2000 11632000 8000 11640000 11640000 185000 227000 138000 47000 47000 0 0 0 0 0 0 NCAA/CONFERENCE DISTRIBUTIONS 900099 3484000 3484000 SALE OF NJ TAX CREDITS 900099 1000000 1000000 PARKING 812930 550000 550000 3648000 3217000 374000 57000 8682000 473034000 399825000 928000 15969000 1054000 1054000 173235000 173235000 0 0 7176000 3008000 2938000 1230000 970000 970000 124345000 105484000 15127000 3734000 7958000 6750000 969000 239000 28761000 22894000 5032000 835000 8981000 7626000 1087000 268000 279000 203000 76000 558000 68000 490000 254000 254000 168000 168000 0 4317000 4317000 24251000 21229000 2550000 472000 1774000 1529000 227000 18000 5348000 3582000 1401000 365000 6973000 1388000 5584000 1000 0 10838000 10838000 3258000 2815000 265000 178000 0 629000 474000 155000 10908000 10807000 101000 0 20460000 19354000 1024000 82000 2935000 218000 2717000 REPAIRS AND MAINTENANCE 6327000 4559000 1638000 130000 COVID EXPENSES 6535000 6535000 BAD DEBT EXPENSE 2350000 2350000 BOOKS AND SUBSCRIPTIONS 3258000 3205000 32000 21000 4541000 3804000 694000 43000 468441000 411629000 49196000 7616000 21725000 9038000 27653000 56961000 11095000 13649000 6141000 5347000 2894000 2894000 0 0 6966000 5609000 0 0 18406000 19216000 629667000 318887000 327979000 310780000 92145000 126527000 191414000 224164000 0 0 0 0 108142000 116164000 814560000 890349000 45605000 53813000 0 0 11862000 12347000 203611000 198582000 0 0 0 0 0 0 0 0 115454000 120076000 376532000 384818000 X 234337000 258697000 203691000 246834000 438028000 505531000 814560000 890349000 X 4593000 62395000 515000 X false true X true true true X 42295000 59790000 43567000 45513000 56312000 247477000 0 0 42295000 59790000 43567000 45513000 56312000 247477000 0 247477000 5602000 4968000 4029000 2787000 2675000 20061000 534000 804000 499000 171000 690000 2698000 2746000 2883000 2255000 1438000 1792000 11114000 281350000 1922089000 0.87960 0.86247 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false true false true 1200 false true 22376 true 174321 false false 197897 false Part II-B, Line 1(i) Other Lobbying Activities Seton Hall University lobbied state legislators regarding annual independent college appropriations and aid for independent college students. Efforts consisted of direct mailings, phone calls and personal meetings. Members of Congress were contacted regarding student aid and grants for various university programs. The University's staff is involved in lobbying efforts. The value of that staff time is approximately $30,321. Those costs have been reported on Line 7 (other salaries and wages) and not separately identified on Line 11 (d) in Part IX, statement of Functional Expenses. 1799000 75000 X X X false 270000000 4584000 74306000 3291000 8438000 831000 336330000 269162000 3586000 14028000 3167000 8173000 5436000 270000000 271090000 2304000 10675000 3474000 9780000 1653000 269162000 259799000 3286000 25041000 3487000 11431000 2118000 271090000 246904000 1664000 30476000 3455000 14616000 1174000 259799000 0.35630 0.32770 0.31600 true false 3171000 3171000 554052000 271732000 282320000 58427000 47155000 11272000 14017000 0 14017000 310780000 OUTSIDE TRUST 11959000 F HEDGE FUNDS 64201000 F COMMINGLED FUNDS 1146000 F PRIVATE EQUITY FUNDS 18149000 F VENTURE CAPITAL 10431000 F LIQUID FIXED INCOME 18000000 F ILLIQUID FIXED INCOME 22515000 F OPPORTUNISTIC 18982000 F LONG EQUITY 27060000 F DIVERSIFYING ASSETS 18321000 F REAL ASSETS 13400000 F 224164000 DEPOSITS W/ TRUSTEE 105107000 RIGHT-OF-USE UNDER OPER LEASES 606000 RIGHT-OF-USE UNDER FINA LEASES 10451000 116164000 0 REFUNDABLE U.S. GOV'T GRANTS 7575000 CONDITIONAL ASSET RETIRE OBLIG 9530000 ACCRUED POSTRETIREMENT BENEFIT 870000 OTHER LIABILITIES, NET 5036000 OPERATING LEASE LIABILITIES 606000 FINANCE LSE LIAB/SECURED BORROWING 20571000 TAXABLE BONDS PAYABLE 75888000 120076000 X 365583000 62395000 349000 692000 63436000 302147000 4317000 166570000 170887000 473034000 298080000 349000 315000 664000 297416000 4317000 166708000 171025000 468441000 Part III, line 4 Collections are composed of: a mural, ancient Greek and Roman coins, book collections, paintings, wild life art collections, and a special collection of research papers. Collections are utilized by students, faculty, administrators and the general public. Their usage helps achieve the ultimate goal of advancing the educational and research mission of the University. Part V, line 4 Endowment funds support the University's mission by providing a sustainable flow of funds to annual operations. This support includes funds for scholarships and for specific academic programs. The University has adopted an endowment spending policy designed to provide a predictable flow of funds to operations. The policy is intended to balance current spending needs and preserve the endowment's future purchasing power. The University applies a 4.5% spending rate to a three-year moving average of endowment investment funds. The Board of Regents sets the spending rate. The purpose of using a moving average is to smooth out any wide fluctuations in the market value. Endowment earnings in excess of the spending rate are added back to the principal of the endowment investments. In years when yield exceeds the amount appropriated under the spending policy the excess is returned to principal as appreciation. When annual yield is insufficient to support spending appropriations, the balance is provided from accumulated appreciation. Special allocations may be made for certain purposes in addition to the spending rate, as approved by the University's Board of Regents. There were no special allocation made in the year ended June 30, 2021. Part X, line 2 - Other Liabilities - Income Taxes The University has adopted the provisions of the ASC 740, Accounting for Uncertainties in Income Taxes. ASC 740-10 clarifies the accounting for uncertainty in tax positions taken or expected to be taken in a tax return, including issues relating to financial statement recognition and measurement. This section provides that the tax effects from an uncertain tax position can be recognized in the financial statements only if the position is "more-likely-than-not" to be sustained if the position were to be challenged by a taxing authority. The assessment of the tax position is based solely on the technical merits of the position, without regard to the likelihood that the tax position may be challenged. The University is exempt from Federal and New Jersey State Income taxation by virtue of being an organization described in Section 501(c)(3) of the IRC and similar provisions of the New Jersey State tax code. Nevertheless, The University may be subject to tax on income unrelated to its exempt purpose, unless that income is otherwise excluded by the Code. The University believes that there are no material uncertain tax positions within its financial statements. Part XI, Line 2D - Other Change in the value of the split-interest agreements of $692,000. Part XI, Line 4b - Other Financial Aid of $166,708,000 less special events expenses of $138,000. Part XII, Line 2D - Other Special events expenses of $138,000 and provision for uncollectible contributions receivable of $177,000. Part XII, Line 4B - Other Financial aid of $166,708,000. true true true true true true true false false false false false false false false true false true Part I, Line:3 The University's racially nondiscriminatory policy appears in its Undergraduate and Graduate catalogs, as well as in the Admission Prospectus. It is also in all newspaper advertisements and the University's website. Line 6 - Explanation of Government Financial Aid The University participates in various Federal and State financial aid programs, which include, but are not limited to the following programs: Federal Direct Lending Program, Federal Pell Grant, Federal College Work Study, Federal Supplemental Education Opportunity Grant, N.J State Tuition Assistance Grant and N.J. State Education Opportunity Fund. During the fiscal years ended June 30, 2021 and 2020, the federal government provided higher education institutions with Higher Education Emergency Relief Funding ("HEERF"), which was allocated under various acts of Congress. HEERF funding provided emergency aid to students of the University. Central America and the Caribbean Investments 145196852 Europe (Including Iceland and Greenland) Investments 38663527 East Asia and the Pacific Program Services Recruitment & MBA Prog 85500 South Asia Program Services Peace Building 114403 184060282 184060282 true false true true true false Part I, Line 3, (1 & 2); Part IV , Lines 1, 3, 4, and 5 By virtue of its investments in various limited partnership investments, Seton Hall University may invest in passive foreign investment companies and/or foreign partnerships; to the extent the University is required to file the Forms 926, 5471, or 8865, those foreign forms were attached to the University's Form 990-T. Part I, Line 3 (3) Support for student recruitment and academic exchange program developments. During FY2021, the Stillman School continued to offer an executive-style MBA program in collaboration with Viagold International Education Management Group, with cohorts in Shanghai and Zhuhai, China. Students are taught in Mandarin by a combination of Stillman faculty and faculty employed by Chinese universities. Part I, Line 3 (4) Humanitarian peacebuilding, stabilization, recovery, and development actors provide conflict sensitive programs in Yemen: This project will look to build a shared understand among service providers about the conflict contexts and how to operate most effectively in them, and agreement where possible on collective actions/approaches. It will do this through networking, coordination, strengthening of working relationships, and regular sessions to review available analysis and plan for shared actions. BeefSteakDinner 133000 81000 52000 7000 23000 Golf Outing 110000 73000 37000 25000 9000 3 169000 73000 96000 1000 49000 24000 412000 227000 185000 33000 49000 56000 138000 47000 true Township of South Orange Village 76 S Orange Ave South Orange NJ 07079 226002309 115 554000 General Purpose South Orange Performing Arts Center Inc 1 Sopac Way South Orange NJ 07079 320074004 501(C)(3) 12000 General Purpose Township of Nutley NJ 1 Kennedy Drive Nutley NJ 07110 226002167 115 147000 General Purpose Township of Clifton NJ 900 Clifton Ave Clifton NJ 07013 222940857 115 331000 General Purpose SoarUSA 3025 4th St NE Washington DC 20017 521485481 501(c)(3) 10000 General Purpose 5 Federal Awards 1947 10746000 State of New Jersey Awards 1641 12600000 Institutional Support 13278 146870000 COVID-19 Relief Grants 1418 3019000 Part I, Line 2 All University spending must be approved by a manager or higher level, depending on the amount of the expenditure. Any expenditure of $1,000 or above would have to be approved by a Dean or other budget center manager. An expenditure in excess of $10,000 must be approved by a Vice President (or that person's designee) or the President. Grants or assistance to outside organizations are segregated in the University's financial accounting system through the use of a separate account code, which allows for review by University's central Finance Department. Scholarships are provided to students who are required to matriculate in the University, thereby ensuring that the funds are expended for the intended purposes. X X X X X X false true X X X X X true true false false false false false false false Msgr Joseph R Reilly Trustee 38111 6002 0 107815 0 151928 0 0 0 Joseph E Nyre PhD President/CEO/Regent/Trustee 644465 585652 22800 0 43684 0 1296601 0 0 0 Kimberly ACapadonaEsq Regent/General Counsel 202957 5053 30900 0 706 0 239616 0 0 0 Katia PasseriniPhD Provost and E.V.P. 216144 4327 49782 0 6366 0 276619 0 0 0 Shawna Cooper-GibsonEdD V.P. Student Services 227711 24500 7422 14128 0 25164 0 298925 0 0 0 Patrick G Lyons MBA EVP Operations/Chief of Staff 391000 160000 21969 122800 0 10479 0 706248 0 0 0 Karen E Boroff PhD Former Interim Provost 329014 37454 6724 19932 0 26436 0 419560 0 0 0 Alyssa McCloud PhD V.P. Enrollment Management 320631 130000 7569 19411 0 13597 0 491208 0 0 0 Stephen A Graham MBA V.P. Finance & CFO 304127 32000 7569 18453 0 38618 0 400767 0 0 0 Kathleen BoozangJDLLM Dean, School of Law 392931 8824 22800 0 13597 0 438152 0 0 0 Joyce A Strawser PhD Dean, Stillman School Business 274843 1058 16955 0 35983 0 328839 0 0 0 Peter W Shoemaker PhD Dean College of Arts & Science 186445 411 12015 0 44845 0 243716 0 0 0 Brian B Shulman PhD Dean, School Health & Medical 281857 1624 17154 0 13597 0 314232 0 0 0 Kevin Willard Head Coach Men's Basketball 2224294 190000 26518 22800 0 39355 0 2502967 0 0 0 Anthony J Bozzella Head Coach Women's Basketball 298173 72500 18658 17882 0 37220 0 444433 0 0 0 Stephen JLubbenJDPhD Law School Professor 262702 355 16210 0 37925 0 317192 0 0 0 Dennis J Garbini MBA Former V.P. Administration 148538 8878 0 9621 0 167037 0 0 0 Tracy H Gottlieb PhD Former V.P. Student Services 146599 1671 10649 0 21585 0 180504 0 0 0 Robin LCunninghamEdS Former Int. V.P. Stud. Serv. 146194 776 8910 0 12718 0 168598 0 0 0 Matthew Borowick MBA V.P. Univ. Relations 234659 25000 7724 14417 0 56270 0 338070 0 0 0 Bryan Felt Athletics Director 243505 60000 8004 14750 0 3614 0 329873 0 0 0 Timothy P Glynn JD Law School Professor 240075 529 14506 0 2654 0 257764 0 0 0 Part I, Line 1a Joseph E. Nyre, Ph.D. became President/CEO/Trustee/Regent on August 1, 2019. Under the terms of his employment agreement with the University, the University provides him with certain permissible expense reimbursements, including for the business use of his residence, which are imputed as taxable income as appropriate. Where applicable, gross-up payments are made to him to cover the tax withholding impact associated with imputed income. As a condition of employment, the president is required to live in a Board of Regents (Board) approved residence which is in close proximity to the University's South Orange, New Jersey campus, and is suitable for entertaining groups large and small and conducting University business. Rather than the University initially purchasing a residence suitable for conducting University business, the employment agreement required the president to purchase a Board-approved residence with a loan from the University. The resulting expense ramifications to the University, which includes the impact of imputed income and gross-up payments to the president, are reported in this Form 990 and will also be reflected in the subsequent fiscal year's filing. Upon assessing the total expense to the University associated with these amounts, the president requested the Board modify the employment agreement to reduce his total annual compensation. A new agreement was entered into in June of 2021, the president conveyed the residence to the University for $1.00 on August 6, 2021, and his total compensation was reduced, all of which will be reflected in the fiscal year 2023 Form 990 filing and thereafter. For further information related to the residence, see the Schedule L, Part II narrative included in Part V supplemental information. Housing and related services are provided at no charge to members of its priest community, which includes an officer and certain regents and trustees as reflected in Part VII of the Form 990. Where appropriate, the value of these housing and related benefits is reflected in Part VII, Section A, Column F as other compensation and in Schedule J, Part II as nontaxable benefits for the priest who met the compensation requirement for inclusion in Schedule J. Membership fees for the University's Men's Basketball Coach, Kevin Willard, its Women's Basketball Coach, Anthony Bozzella, its Athletics Director, Bryan Felt, and its EVP/Chief of Staff, Patrick G. Lyons, were paid by the University to assist such individuals in their duties involving donor cultivation and fundraising for the University. The fees associated with their business-related attendance are included in nontaxable benefits in Schedule J, Part II. To the extent of any personal usage of same, a portion of these fees are included in the recipient's taxable income. Certain members of the University, including its President, Men's Basketball Coach, and Women's Basketball Coach and other members of the executive cabinet, are permitted to have their spouses accompany them to a limited number of University business events, including fundraising and alumni events. Where appropriate, the value of personal travel benefits is included in the recipient's taxable income. The compensation information reflected in the Form 990 is based on calendar year 2020 and was payable (or disclosable, as the case may be) consistent with the terms of each executive's underlying employment agreement, the existence of which generally pre-dates the onset of the COVID-19 pandemic and the University's response to same. Part I, Line 4a The Former VP for Administration received solely severance and accrued vacation pay in calendar year 2020. It is reported on Schedule J, Part II column (iii). Part I, Line 4b Certain key executives of the University participate in its 457(f) non-qualified deferred compensation plan, which is intended to permit the University to attract and retain talented individuals while requiring same to generally satisfy certain performance and employment continuation requirements as a precondition of his or her receipt of any amounts thereunder. During 2020, the following executives participated in the deferred compensation plan: Patrick G. Lyons, MBA, EVP/Chief of Staff: $100,000; Katia Passerini, Ph.D., Provost and EVP: $40,000; Kimberly A. Capadona, Esq., General Counsel: $30,900; and Jon Paparsenos, VP, University Advancement: $34,000. Deferred amounts which may be payable in the future are reflected in Column C of Schedule J, Part II for those executives who meet the compensation requirement for inclusion in Schedule J. A NJEFA - Seton Hall - Issue 2020C 221829511 6460667B0 2020-06-18 34025223 SEE PART VI false false false B NJEFA - Seton Hall - Issue 2011 A 221829511 646065U83 2011-06-10 37578532 SEE PART VI false false false C NJEFA - Seton Hall - CIF 2014 B 221829511 646066DG2 2014-04-29 19369367 SEE PART VI false false true D NJEFA - Seton Hall - ISSUE 2017 D 221829511 646066V64 2017-06-29 41827193 SEE PART VI false false false A 0 0 34025223 0 0 0 266697 1369051 0 770076 0 31619399 2023 false false false true B 31545000 0 37578532 0 0 0 411094 0 0 0 37167438 0 2011 true false true true C 228505 0 19369367 0 0 0 113339 0 0 1014830 0 0 2015 false false true true D 0 0 41827193 0 0 0 348259 0 0 0 41478934 0 2017 true false true true A false false false false 0 false false false true B 0 C false false false false 0 false false false true D false false false false 0 false false false true A false true false false false false 0 false 0 false true B false false false true false false 0 false 0 false true C false false false true false false 0 false 0 false true D false true false false false false 0 false 0 false true A true B true C true D true PART IV, LINE 2C REBATE COMPUTATIONS WERE PERFORMED IN THE JUNE AND JULY 2021 TIME FRAME FOR ALL SETON HALL UNIVERSITY BOND ISSUES LISTED IN PART I. THERE IS NO REBATE LIABILITY RELATED TO ANY OF THE UNIVERSITY'S ISSUES AS OF JUNE 30, 2021. PART I, COLUMN(F) DESCRIPTION OF PURPOSE 1. SETON HALL UNIVERSITY ISSUE, 2020 SERIES C (CUSIP 6460667B0), WAS ISSUED BY THE NJEFA TO FUND CAPITAL IMPROVEMENTS ON THE UNIVERSITY'S CAMPUS. In connection with this issue, the University paid $1,369,051 for bond insurance. The University did not have any private business use since the only related factor was this insurance cost. 2. SETON HALL UNIVERSITY ISSUE, 2011 SERIES A, (CUSIP NUMBER 646065U83)WAS ISSUED BY THE NJEFA TO CURRENTLY REFUND SETON HALL UNIVERSITY'S 1999 REFUNDING, 2001 SERIES A, 2001 SERIES B, AND 2001 SERIES G BOND ISSUES.THE 1999 REFUNDING ISSUE WAS ISSUED IN JULY 1999 TO REFUND THE UNIVERSITY'S 1991 SERIES D AND 1989 SERIES C ISSUES. THE 1991 SERIES D AND THE 1989 SERIES C ISSUES WERE ISSUED TO FINANCE CAPITAL IMPROVEMENTS. THE 2001 SERIES A ISSUE WAS ISSUED IN JUNE 2001 TO REFUND THE UNIVERSITY'S 1991 SERIES A ISSUE WHICH REFUNDED THE UNIVERSITY'S 1985 SERIES A ISSUE WHICH WAS ISSUED TO FINANCE CAPITAL IMPROVEMENTS. THE 2001 SERIES B ISSUE WAS ISSUED IN JUNE 2001 TO REFUND THE UNIVERSITY'S 1991 SERIES B ISSUE WHICH WAS ISSUED TO REFUND THE UNIVERSITY'S 1988 SERIES B ISSUE WHICH WAS ISSUED TO REFUND THE UNIVERSITY'S 1976 SERIES A ISSUE AND TO FINANCE CAPITAL IMPROVEMENTS. THE 1976 SERIES A ISSUE WAS ISSUED TO FINANCE CAPITAL IMPROVEMENTS. THE 2001 SERIES G ISSUE WAS ISSUED IN JUNE 2001 TO FINANCE CAPITAL IMPROVEMENTS. 3. ON APRIL 29, 2014 THE NJEFA ISSUED CIF BONDS, 2014 SERIES B, AND ADVANCE REFUNDING CIF BONDS, 2014 SERIES D, PURSUANT TO A PROGRAM OF THE STATE OF NEW JERSEY TO FINANCE CAPITAL IMPROVEMENTS AT INSTITUTIONS OF HIGHER EDUCATION. ONE FORM 8038 WAS FILED BY THE NJEFA COVERING BOTH ISSUES, UNDER CUSIP NUMBER 646066DG2. GROSS PROCEEDS FROM BOTH ISSUES WERE $19,369,367 WITH THE 2014 B PORTION BEING $15,493,539 AND THE 2014 D PORTION BEING $3,875,828. THE UNIVERSITY'S PORTION OF THE $3,875,828 WAS $2,724,951 WITH $1,226,845 BEING DEBT AND THE REMAINDER BEING A GRANT. THE UNIVERSITY PAID OFF ITS 2014 SERIES D DEBT DURING IT'S FISCAL YEAR ENDED JUNE 30, 2021. THE PROCEEDS OF 2014 SERIES B WERE ALLOCATED TO SIX PRIVATE INSTITUTIONS OF HIGHER EDUCATION. SETON HALL'S APPORTIONED AMOUNT WAS $2,192,165. AFTER $12,165 OF APPORTIONED ISSUANCE COSTS, THE REMAINDER THAT WAS RECEIVED BY SETON HALL WAS $2,180,000, OF WHICH $1,165,170 WAS A GRANT AND $1,014,830 WAS DEBT REPAYABLE OVER 20 YEARS. BONDS ISSUED TO FINANCE GRANTS MUST BE APPROVED BY THE STATE TREASURER AND ARE REPAYABLE BY THE STATE SUBJECT TO APPROPRIATION. THE BONDS WERE SOLD BASED ON THE CREDIT OF THE STATE. EACH INSTITUTION ENTERED INTO A GRANT AGREEMENT OBLIGATING THE GRANTEE TO PAY A PORTION OF THE DEBT SERVICE ON THE BONDS ALLOCABLE TO THE GRANT. SETON HALL SPENT THE ENTIRE AMOUNT OF THE DEBT PROCEEDS ALLOCATED TO IT ON CAPITAL IMPROVEMENTS. 4. SETON HALL UNIVERSITY ISSUE, 2017 SERIES D (CUSIP 646066V64), WAS ISSUED BY THE NJEFA TO REFUND THE UNIVERSITY'S 2008 SERIES D BONDS AND TO PAY $4,872,000 FOR THE TERMINATION OF SWAP AGREEMENTS. 5. SETON HALL UNIVERSITY ISSUE, 2013 SERIES D, (CUSIP 6460656D9) WAS ISSUED BY THE NJEFA TO CURRENTLY REFUND SETON HALL UNIVERSITY'S 2009 C BONDS SOLD DIRECTLY TO CAPITAL ONE, N.A., FINANCE A PORTION OF THE COST OF TERMINATING THE UNIVERSITY'S INTEREST RATE SWAP AGREEMENT WITH CITIBANK, N.A. THAT HEDGED INTEREST RATE EXPOSURE RELATED TO THE 2009 C BONDS, AND TO FINANCE CAPITAL IMPROVEMENTS. THE UNIVERSITY'S 2009 SERIES C BONDS REFUNDED THE UNIVERSITY ISSUE, 1998 SERIES F, ISSUED ON JUNE 29, 1998 BY THE NJEFA TO REFUND A 1991 SERIES D SETON HALL UNIVERSITY ISSUE THAT FINANCED CAPITAL IMPROVEMENTS AT THE UNIVERSITY. THE PORTION OF THE 2013 D TOTAL PROCEEDS OF $43,935,728 THAT WAS USED TO REFUND THE 2009 C BONDS AND TO FINANCE A PORTION OF THE COST TO TERMINATE THE RELATED SWAP AGREEMENT WAS $7,800,307. 6. SETON HALL UNIVERSITY ISSUE, 2015 C (CUSIP 646066MC1) WAS ISSUED BY THE NJEFA TO ADVANCE REFUND SETON HALL UNIVERSITY'S 2008 SERIES E BONDS. THE PROCEEDS OF $24,255,807, WHICH INCLUDED A DEBT PREMIUM OF $2,050,807, TOGETHER WITH $1,850,957 OF 2008 SERIES E DEBT SERVICE RESERVE FUNDS, WERE DEPOSITED IN AN IRREVOCABLE TRUST TO PAY INTEREST ALONG WITH PRINCIPAL OUTSTANDING OF $22,030,000 ON ITS 2008 SERIES E BONDS THROUGH JULY 1, 2019, AND PAY BOND ISSUANCE COSTS OF $306,564. THE 2008 SERIES E ISSUE, ALONG WITH 2008 SERIES D, WERE ISSUED BY THE NJEFA TO CURRENTLY REFUND SETON HALL UNIVERSITY ISSUES, 2005 SERIES C AND 2006 SERIES A. THE 2005 SERIES C ISSUE FINANCED CAPITAL IMPROVEMENTS AT THE UNIVERSITY. THE 2006 SERIES A ISSUE REFUNDED THE UNIVERSITY'S 1996 SERIES E ISSUE, WHICH WAS FOR CAPITAL IMPROVEMENTS AND FOR REFUNDING THE UNIVERSITY'S 1989 SERIES C ISSUE, WHICH WAS FOR CAPITAL IMPROVEMENTS. 7. SETON HALL UNIVERSITY ISSUE, 2016 SERIES C (CUSIP 646066B66), WAS ISSUED BY THE NJEFA TO FUND CAPITAL IMPROVEMENTS ON THE UNIVERSITY'S CAMPUS. 8. ON JULY 26, 2016 THE NJEFA ISSUED CIF BONDS, 2016 SERIES A, AND REFUNDED CIF BONDS, 2006 SERIES A, AND OTHER SERIES OF CIF BONDS, PURSUANT TO A PROGRAM OF THE STATE OF NEW JERSEY TO FINANCE CAPITAL IMPROVEMENTS AT INSTITUTIONS OF HIGHER EDUCATION. THE BONDS WERE ISSUED PRIVATELY (THEREFORE NO CUSIP #)IN THE PRINCIPAL AMOUNT OF $20,805,115 WHICH WAS ALLOCATED TO FOURTEEN PRIVATE INSTITUTIONS IN NEW JERSEY. THE UNIVERSITY'S SHARE OF THE PROCEEDS WAS $2,326,537, OF WHICH $1,134,796 WAS USED TO REFUND THE REMAINING UNIVERSITY BALANCE OF 2006 SERIES A AND THE REMAINDER REFUNDED OTHER STATE ISSUES THAT PROVIDED GRANT FUNDS FOR CAPITAL IMPROVEMENTS TO THE UNIVERSITY IN PRIOR YEARS. THE 2006 SERIES A BONDS PARTIALLY ADVANCE REFUNDED THE 2004 SERIES A BONDS AND OTHER SERIES OF CIF BONDS FOR CAPITAL IMPROVEMENTS. THE AMOUNTS PAYABLE TO THE STATE BY EACH INSTITUTION WERE ADJUSTED TO TAKE ACCOUNT OF ALLOCABLE DEBT SERVICES SAVINGS. 9. ON DECEMBER 20, 2016 THE NJEFA ISSUED CIF BONDS, 2016 SERIES B,PURSUANT TO A PROGRAM OF THE STATE OF NEW JERSEY TO FINANCE CAPITAL IMPROVEMENTS AT INSTITUTIONS OF HIGHER EDUCATION. ONE FORM 8038 WAS FILED BY THE NJEFA COVERING THE ISSUE UNDER CUSIP NUMBER 646066F54. THE BONDS WERE ISSUED IN THE PRINCIPAL AMOUNT OF $30,676,062 WHICH WAS ALLOCATED TO A TOTAL OF TWELVE PRIVATE INSTITUTIONS IN NEW JERSEY. THE UNIVERSITY'S APPORTIONED AMOUNT, AFTER $12,153 OF APPORTIONED ISSUANCE COSTS, WAS $1,500,000. OF THIS AMOUNT THAT WAS RECEIVED BY THE UNIVERSITY, $766,748 WAS A GRANT AND $733,252 WAS DEBT REPAYABLE OVER TWENTY YEARS. BOTH AMOUNTS WERE TO BE SPENT ON CAPITAL IMPROVEMENTS. BONDS ISSUED TO FINANCE GRANTS MUST BE APPROVED BY THE STATE TREASURER AND ARE PAYABLE BY THE STATE SUBJECT TO APPROPRIATION. THE BONDS ARE SOLD BASED ON THE CREDIT OF THE STATE. EACH INSTITUTION ENTERED INTO A GRANT AGREEMENT OBLIGATING THE GRANTEE TO PAY HALF OF THE DEBT SERVICE ON THE BONDS ALLOCABLE TO THE GRANT. A NJEFA - Seton Hall - Issue 2013 D 221829511 6460656D9 2013-07-10 43935728 SEE PART VI false false false B NJEFA - Seton Hall - ISSUE 2015 C 221829511 646066MC1 2015-07-14 24225807 SEE PART VI false false false C NJEFA - Seton Hall - ISSUE 2016 C 221829511 646066B66 2016-09-15 38059002 SEE PART VI false false false D NJEFA - Seton Hall - CIF 2016 A 221829511 2016-07-26 20805115 SEE PART VI false false true A 11855000 0 43935728 0 2405009 0 522077 0 0 33208335 7800307 0 2014 true false true true B 4170000 0 24255807 0 0 0 306564 0 0 0 23949243 0 2015 false true true true C 0 0 38059002 0 1655530 0 403472 0 0 36000000 0 0 2018 false false true true D 50351 0 20805115 0 0 0 48426 0 0 0 1046461 0 2016 true false true true A false false false false 0 false false false true B 0 C false false false false 0 false false false true D false false false false 0 false false false true A false false false true false false 0 false 0 false true B false false false true false false 0 false 0 false true C false true false false false false 0 false 0 false true D false true true false false false 0 false 0 false true A true B true C true D true A NJEFA - SETON HALL - CIF 2016 B 221829511 646066P54 2016-12-20 30676062 SEE PART VI false false true A 89839 0 30676062 0 0 0 246539 0 0 733252 0 0 2019 false false true true A false false false false 0 false false false true A false true false false false false 0 false 0 false true A true Joseph E Nyre PhD President/CEO/Trustee/Regent Home Purchase X 2894000 2894000 false true true 2894000 Total of 9 179707 Scholar/Tuition Remission Education MARY ANN CHRISTOPHER Brother of Trustee/Regent 258000 LEGAL SERVICES false Tracy HGottlieb Sister of Officer 169090 COMPENSATION & BENEFITS false Tracy HGottlieb Sister of Officer 68742 COMPENSATION & BENEFITS false Tracy HGottlieb Daughter-in-law of Officer 135998 COMPENSATION & BENEFITS false MATTHEW BOROWICK DAUGHTER OF OFFICER 59724 COMPENSATION & BENEFITS false Part II - Loans to and/or From Interested Persons As disclosed in the Form 990 filing for the University's fiscal year ended June 30, 2020, and in Schedule J, Part III of this Form 990, as a condition of employment, the president is required to live in a Board of Regents (Board) approved residence suitable for entertaining groups large and small and conducting University business. Rather than the University initially purchasing a residence suitable for conducting University business, the employment agreement required the president to purchase a Board approved residence with a loan from the University. The 2019 loan, which was secured by the residence, was for 30 years in the amount of $2,894,000. It fully financed the purchase of the residence. Loan principal was to be paid upon maturity or termination of employment. Annual payments were to be for interest only, unless interest was forgiven by the Board, which was the case in calendar year 2020, based on its determination that his residence was used for substantial official University functions and business on a continuous basis. Interest forgiveness was imputed into his taxable income, with a gross-up payment made to him to cover the tax withholding impact of the imputed income. On August 6, 2021, Dr. Nyre conveyed the residence to the University for $1.00 for the reasons noted in Schedule J, Part III. In connection with the conveyance, the loan of $2,894,000 was discharged in its entirety. Part III - Grants or Assistance Benefiting Interested Persons Seton Hall University is not required to identify interested persons to whom assistance was provided under the Family Educational Rights and Privacy Act (FERPA). Part IV - Business Transactions Involving Interested Persons The brother of Mary Ann Christopher, trustee/Regent, is a partner in the Law Firm of Gibbons P.C. Seton Hall University paid Gibbons P.C. $258,080, for legal services in the year ended June 30, 2021. The two sisters and daughter-in-law of Dr. Tracy H. Gottlieb, Former V.P. for Student Services, served as employees of the University. In fiscal year 2021,they received total compensation and benefits of $169,090, $68,742, and $135,998, respectively. The daughter of Matthew Borowick, MBA, Interim V.P. Advancement, served as an employee of the University. In fiscal year 2021, she received total compensation and benefits of $59,724. All transactions with interested persons were conducted at arm's length, for good sufficient consideration, based on terms that are fair and reasonable to and for the benefit of the University. The applicable interested persons had no influence over the decisions to enter into the transactions. X 1 75000 Appraisal X 31 564000 Selling price X MISCELLANEOUS 5 41000 Cost 0 false true true Part I, Line 32b Auction companies are used to process and/or sell noncash contributions in "silent auctions" at several fundraising events. To the extent Seton Hall University receives donations of publicly traded securities, it's investment broker is engaged to sell those securities. Form 990, Part III, Line 1 Seton Hall University (the "University") is the nation's oldest Diocesan Catholic University. In a diverse and collaborative environment, it focuses on academic, ethical, and spiritual development. Seton Hall students are prepared to be leaders in their professional and community lives in a global society and are challenged by outstanding faculty, a technologically advanced setting, and values-centered curricula. The University is home to ten nationally recognized and accredited schools located on three campuses, all within 15 miles of New York City. Its main campus is in South Orange, New Jersey, its nationally ranked Law School is in Newark, New Jersey, and its Interprofessional Health Sciences ("IHS") campus is in the City of Clifton and the Township of Nutley, New Jersey. Within these ten schools, the professors of Seton Hall educate, shape and develop approximately 5,900 undergraduate and 3,900 graduate students, who are enrolled in more than 90 rigorous majors. This has led to the University being nationally recognized for academic excellence by the Princeton Review, U.S. News and World Report, and Bloomberg Businessweek. The University remains a pioneer in Catholic education. In June 2015, the University and Hackensack University Health Network ("HUHN"), acting on behalf of Hackensack University Medical Center ("HUMC"), signed an agreement to establish the principle elements of a long-term relationship to develop an undergraduate school of medicine, as well as sponsor graduate medical education programs. In October 2015, the University and HUMC formed Kingsland Street Urban Renewal, LLC ("Kingsland") for the purposes of leasing and renovating a location for the University's new IHS campus, which was to house the school of medicine, as well as the University's College of Nursing("CON") and School of Health and Medical Sciences ("SHMS"). Kingsland executed the lease in June 2016, with lease commencement in September 2016. Through March 18, 2018, the University had a 50% membership interest in Kingsland. Kingsland is exempt from federal income taxes under Section 501(a) of the Internal Revenue Code as an organization described in Section 501(c)(3). In January 2016, the University and HUHN formed the Seton Hall-Hackensack School of Medicine, a nonprofit New Jersey corporation. HUHN subsequently became Hackensack Meridian Health, Inc. ("HMH") after its merger with Meridian Health System, Inc. in July 2016. In March 2017, an agreement was reached between HMH and the University that superseded the June 2015 agreement. Under this agreement, both the University and HMH controlled 50% of the School of Medicine, and the name of the school was changed to the Seton Hall-Hackensack Meridian School of Medicine ("SOM"). The SOM is exempt from federal income taxes under Section 501(a) of the Internal Revenue Code as an organization described in Section 501(c)(3). The University agreed to offer, under its existing accreditations and regulatory approvals, the SOM academic degree program (the "MD Program"). The University received preliminary accreditation from the Liaison Committee on Medical Education (the "LCME")to operate the MD program in February 2018. The MD program commenced academic operations in July 2018 with the University being the degree-granting institution. On March 19, 2018, the University and HMH reached an agreement for the transition of the MD Program and the full control of the SOM to HMH. Under this agreement, the University's membership interest in Kingsland was transferred to HMH and all costs associated with the Kingsland lease were assumed by HMH, with a sublease established with the University. In addition, the entire financial responsibility for the SOM was transferred to HMH effective July 1, 2018, although the University continued to perform certain administrative functions for the SOM. The name of the MD Program was changed to the Hackensack Meridian School of Medicine at Seton Hall University. The University retained full control of academic matters associated with the MD Program until such time as the SOM earned independent accreditation as a standalone entity with the LCME and Middle States, and the appropriate actions had taken place related to all other applicable regulatory bodies. In June 2020, the University was notified by HMH that HMH and the SOM had obtained all the accreditations and regulatory approvals necessary for the SOM to operate the MD Program as a standalone medical school, independent of the University's accreditation. Effective July 3, 2020, control of the MD Program was transferred to HMH. The University is no longer the degree granting institution. The name of the MD Program was changed to the Hackensack Meridian School of Medicine ("HMSOM"). Academic and administrative functions provided by the University were terminated, apart from certain limited functions that could not be completed by July 3, 2020. In addition, the University, HMH and HMSOM entered into a release and indemnification agreement to hold each other harmless for certain claims that arose prior to July 3, 2020 and that may arise subsequent to that date. The Strategic Academic Partnership Agreement entered into between the University, HMH and the SOM prior to July 3, 2020 shall remain in effect. The University will remain a strategic academic partner of HMH and the HMSOM whereby the University and the HMSOM will have an integrated curriculum, 25% of the seats in each class of the MD Program will be reserved for University graduates who reside in New Jersey, provided they meet the standards of admission set by the HMSOM, and the University's CON and SHMS students will continue to have broad access to train at HMH hospitals. In addition, the University and HMH will co-own the IHS campus when the Kingsland lease and the University's sublease expire. Robert C. Garrett, Regent, is the CEO at HMH, and also on the Board of Governors of the SOM. The University and HMH are strategic academic partners in the SOM. Neither HMH nor the SOM are considered related parties of the University. Form 990, Part VI PART VI, SECTION A, LINE 7A: THE BOARD OF REGENTS IS RESPONSIBLE FOR THE ENTIRE MANAGEMENT OF THE AFFAIRS AND CONCERNS OF THE UNIVERSITY. THE BOARD OF REGENTS IS VESTED WITH THE RESPONSIBILITY, POWER, AND AUTHORITY TO GOVERN THE UNIVERSITY AND SHALL EXERCISE THE CORPORATE POWERS OF THE UNIVERSITY UNDER LAW. BOARD OF REGENT EMERITI DO NOT HAVE VOTING PRIVILEGES. PART VI, SECTION A, LINE 7B: THE BOARD OF TRUSTEES STAND IN THE STEAD OF THE ORIGINAL INCORPORATORS OF SETON HALL COLLEGE AND HAVE THE RIGHTS AND POWERS RESERVED TO IT BY THE UNIVERSITY'S BY-LAWS. THOSE POWERS INCLUDE THE RIGHT TO AMEND THE UNIVERSITY'S ORGANIZING DOCUMENTS, TO AUTHORIZE THE SALE OF ANY UNIVERSITY PROPERTY AND, MOST IMPORTANTLY, TO ELECT THE BOARD OF REGENTS. PART VI, SECTION B, LINE 11: THE BOARD OF REGENTS ADOPTED A WRITTEN POLICY CHARGING THE AUDIT COMMITTEE WITH THE RESPONSIBILITY TO CONDUCT, ON AN ANNUAL BASIS, AN APPROPRIATE REVIEW OF THE UNIVERSITY'S COMPLETED FORM 990 AND FORM 990-T PRIOR TO FILING WITH INTERNAL REVENUE SERVICE. THE AUDIT COMMITTEE IS ALSO CHARGED WITH MAKING AN APPROPRIATE REPORT AND RECOMMENDATION TO THE BOARD OF REGENTS ON THEIR REVIEW. FOLLOWING REVIEW BY THE AUDIT COMMITTEE, FORMS 990 AND 990-T ARE SUBMITTED TO THE ENTIRE BOARD OF REGENTS FOR ITS REVIEW AND APPROVAL FOR FILING WITH THE INTERNAL REVENUE SERVICE. THE BOARD OF REGENTS SHALL CONTEMPORANEOUSLY DOCUMENT THE MEETING AT WHICH THE FORMS 990 AND 990-T ARE REVIEWED AND APPROVED FOR FILING. PART VI, SECTION B, LINE 12C: THE UNIVERSITY'S CONFLICT OF INTEREST POLICY IS POSTED ON THE UNIVERSITY'S WEB SITE. ALL NEW EMPLOYEES ARE MADE AWARE OF THE POLICY AT THE TIME OF HIRE. FOR SENIOR MANAGEMENT, THE UNIVERSITY REQUIRES AN ANNUAL DISCLOSURE OF SIGNIFICANT FINANCIAL INTERESTS IN, OR EMPLOYMENT OR CONSULTING RELATIONSHIPS WITH, ENTITIES DOING BUSINESS WITH THE UNIVERSITY. THESE ANNUAL DISCLOSURES COVER BOTH SENIOR MANAGEMENT AND THEIR IMMEDIATE FAMILY MEMBERS. WHEN SUCH RELATIONSHIPS EXIST, MEASURES ARE TAKEN TO ADDRESS THE ACTUAL OR PERCEIVED CONFLICT TO PROTECT THE BEST INTERESTS OF THE UNIVERSITY. THE POLICY REQUIRES, AMONG OTHER THINGS, THAT NO MEMBER OF THE BOARD OF REGENTS OR ITS COMMITTEES CAN PARTICIPATE IN ANY DECISION IN WHICH HE OR SHE (OR AN IMMEDIATE FAMILY MEMBER) HAS A MATERIAL FINANCIAL INTEREST. EACH REGENT IS REQUIRED TO CERTIFY COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY ON AN ANNUAL BASIS AND INDICATE WHETHER THE UNIVERSITY DOES BUSINESS WITH AN ENTITY IN WHICH A REGENT HAS A MATERIAL FINANCIAL INTEREST. WHEN SUCH RELATIONSHIPS EXIST, MEASURES ARE TAKEN TO MITIGATE ANY ACTUAL OR PERCEIVED CONFLICT, INCLUDING REQUIRING THAT SUCH TRANSACTIONS BE CONDUCTED AT ARM'S LENGTH, FOR GOOD AND SUFFICIENT CONSIDERATION, BASED ON TERMS THAT ARE FAIR AND REASONABLE TO AND FOR THE BENEFIT OF THE UNIVERSITY, AND IN ACCORDANCE WITH RELEVANT CONFLICT OF INTEREST LAWS. THE UNIVERSITY IS UNAWARE OF ANY SUCH ASSOCIATIONS CONSIDERED TO BE SIGNIFICANT. PART VI, SECTION B, LINE 15: SETON HALL UNIVERSITY CAN ENSURE AND DEMONSTRATE THAT OUR COMPENSATION ACTIONS DO NOT INURE TO THE BENEFIT OF A PRIVATE INDIVIDUAL. WE CAN DEMONSTRATE THAT THE COMPENSATION OF ALL DISQUALIFIED PERSONS, SUCH AS OFFICERS, DIRECTORS, AND KEY EMPLOYEES, IS CONSIDERED REASONABLE AND WOULD ORDINARILY BE PAID FOR LIKE SERVICES BY LIKE ENTERPRISES UNDER LIKE CIRCUMSTANCES. THE REASONABLENESS OF OUR COMPENSATION TAKES INTO ACCOUNT ALL BENEFITS. ANY COMPENSATION TRANSACTIONS FOR THESE INDIVIDUALS ARE APPROVED BY AN AUTHORIZED BODY OF INDIVIDUALS WHO HAVE NO CONFLICT OF INTEREST. UTILIZING A COMPENSATION CONSULTANT, APPROPRIATE COMPENSATION DATA IS RELIED UPON FOR COMPARABILITY AND PROOF OF FAIR MARKET VALUE, BEFORE MAKING A DECISION. COMPENSATION DECISIONS AND REPORTS ARE CONTEMPORANEOUSLY DOCUMENTED IN THE MINUTES OF THE MEETING OF THE COMMITTEE WHEN THE DECISIONS ARE MADE. PART VI, SECTION C, LINE 19: THE UNIVERSITY'S BY-LAWS AND ITS CONFLICT OF INTEREST POLICY ARE POSTED ON THE UNIVERSITY'S WEBSITE. Form 990, Part VII, Section A Jon Paparsenos became VP for University Advancement on November 2, 2020. Matthew Borowick M.B.A. stepped down as Interim VP for University Advancement and became VP for University Relations on November 3, 2020. Michele Nelson, Ph.D. became VP for Board Affairs and Strategy in August 2020. Reverend Collin Kay became VP for Mission and Ministry on September 21, 2020. Monsignor C.Anthony Z. Ziccardi, S.T.D., S.S.L, stepped down as VP for Mission and Ministry on September 20, 2020. Kimberly A. Capadona, ESQ. became VP and General Counsel on April 27, 2020. Katia Passerini, PH.D. became Executive Vice President and Provost on June 5, 2020. Karen Boroff, PH.D. stepped down as Interim Provost on June 4, 2020. Form 990, Part XI, Line 9 Provision for uncollectible contributions receivable of $177,000 less the change in value of split-interest agreements of $692,000. COVID-19 PANDEMIC IN MARCH 2020, IN RESPONSE TO THE NOVEL CORONAVIRUS COVID-19 PANDEMIC, THE UNIVERSITY TRANSITIONED TO REMOTE LEARNING FOR ALL COURSES FOR THE REMAINDER OF THE SPRING TERM. FOR THE FALL 2020 TERM, THE UNIVERSITY INITIALLY REOPENED ITS CAMPUS USING SMALLER IN-PERSON CLASSES WITH SCREENING, SOCIAL DISTANCING, AND MASKING REQUIREMENTS, WHILE CONTINUING TO OFFER COURSES IN A VIRTUAL SETTING FOR THOSE THAT PREFER REMOTE COURSE LEARNING. HOWEVER, IN NOVEMBER 2020, IN RESPONSE TO AN INCREASE IN COVID-19 CASES IN NEW JERSEY, THE UNIVERSITY TRANSITIONED BACK TO REMOTE COURSE LEARNING FOR THE REMAINDER OF THE ACADEMIC YEAR. FOR THE FALL 2021 TERM, THE UNIVERSITY REOPENED ITS CAMPUS. The University continues to closely monitor government guidance and public statistics, and to refine safety protocols to address the changing health environment. During the fiscal years ended June 30, 2021 and 2020, the federal government provided higher education institutions with Higher Education Emergency Relief Funding ("HEERF"), which was allocated under various acts of Congress. The Coronavirus Aid, Relief, and Economic Securities Act ("CARES") was signed into law on March 27, 2020 and provided the University with total funding of $5,750,000 under HEERF I. The Coronavirus Response and Relief Supplemental Appropriations Act ("CRRSAA") was signed into law on December 27, 2020 and provided the University with total funding of $8,858,000 under HEERF II. The American Rescue Plan ("ARP") was signed into law on March 11, 2021. The University did not receive any funding under HEERF III in 2021. Each of these awards has a student aid portion and an institutional portion. The Department of Education provided required uses of the funds for both the student portion and institutional portion and until the conditions associated with those requirements are satisfied, revenue cannot be recognized, in accordance with ASU 2018-08. During the year ended June 30, 2021, the University incurred nonrecurring COVID-19 pandemic expenses of $9,555,000 for emergency grants to students under the HEERF program, shielding, ventilation improvements, personal protective equipment, safety barriers, COVID testing, quarantining, contact tracing, remote learning, additional dining services, cleaning, supplies, and signage. Also, during the year ended June 30, 2021, the University recognized HEERF student share revenues of $3,019,000, offsetting the emergency grants provided to students (see COVID-19 Relief Grants in Schedule I, Part III). Roman Catholic Archdiocese of Newark 171 Clifton Avenue Newark NJ 07104 221487308 See Part VII NJ 501(c)(3) 1 false false false false false false false false false false false false false false false true true false false Part II : Identification of Related Tax-Exempt Org. Primary Activity Primary activity of Roman Catholic Archdiocese of Newark - oversees the Catholic church in certain counties of New Jersey.