2021-05-04T15:59:43-05:00 2020-06-30 GRANT THORNTON LLP 757 THIRD AVENUE NEW YORK NY 10017 990 2019-07-01 221500645 Seton Hall University % STEPHEN A GRAHAM SETO 9737619318 400 South Orange Avenue South Orange NJ 07079 STEPHEN A GRAHAM VP For Finance/CFO 9737619003 2021-04-29 true DANIEL ROMANO PARTNER P00504182 2125429609 2021-04-29 2019 2022-09-23 18:48:47Z Joseph E Nyre PhD 400 South Orange Avenue South Orange NJ 07079 572874000 false 0928 X www.shu.edu X 1856 NJ SETON HALL UNIVERSITY IS A CATHOLIC INSTITUTION OF HIGHER EDUCATION 42 29 4384 1151 171000 0 43567000 45513000 385469000 391164000 2813000 5802000 14972000 14015000 446821000 456494000 153515000 158732000 0 0 180529000 189888000 0 0 8025000 141044000 120077000 475088000 468697000 -28267000 -12203000 701436000 814560000 260783000 376532000 440653000 438028000 X SEE SCHEDULE O false false 301705000 145948000 394857000 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. 97370000 12141000 8178000 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. 7764000 643000 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. 406839000 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 372 0 true 4384 true true true true LU false false true true true true false false false false true false X 42 29 false false false false false true true true true false false true true true true true true true true false X X X STEPHEN A GRAHAM 9737619003 400 SOUTH ORANGE AVENUE South Orange NJ 07079 X Kevin Willard Head Coach Men's Basketball 60.0 0.0 X 2234915 0 71258 Catherine A Kiernan JD V.P.& Gen. Counsel Thru 12/19 45.0 0.0 X 2008897 0 98582 Joseph E Nyre PhD President/CEO/Regent/Trustee 60.0 0.0 X X 923332 0 36860 Patrick G Lyons MBA EVP Operations/Chief of Staff 60.0 0.0 X 669969 0 47135 Mary J Meehan PhD Interim Pres./Regent/Trustee 45.0 0.0 X X 652973 0 22780 Anthony J Bozzella Head Coach Women's Basketball 60.0 0.0 X 389410 0 75970 Karen E Boroff PhD Interim Provost Thru 6/2020 45.0 0.0 X 411930 0 46615 Alyssa McCloud PhD V.P. Enrollment Management 45.0 0.0 X 394096 0 34393 Matthew Borowick MBA Interim V.P. Advancement 45.0 0.0 X 313478 0 102874 Kathleen Boozang JD LLM Dean, School of Law 45.0 0.0 X 381251 0 34393 Dennis J Garbini MBA Former V.P. Administration 45.0 0.0 X 365809 0 47765 Stephen A Graham MBA V.P. Finance & CFO 45.0 0.0 X 333757 0 41004 Stephen J Lubben JD LLM Law School Professor 45.0 0.0 X 297138 0 57077 Joyce A Strawser PhD Dean, Stillman School Business 45.0 0.0 X 279253 0 54441 Tracy H Gottlieb PhD Former V.P. Student Services 45.0 0.0 X 281585 0 41248 Brian B Shulman PhD Dean, School Health & Medical 45.0 0.0 X 286778 0 34393 Steven J Lorenzet PhD Associate Dean, Stillman Schl 45.0 0.0 X 251355 0 51451 Anthony O Skinn Asst. Coach Men's Basketball 45.0 0.0 X 242588 0 29419 Peter W Shoemaker PhD Dean College of Arts & Science 45.0 0.0 X 189154 0 56055 Robin L Cunningham EdS Int.VP Student Serv thru 10/19 45.0 0.0 X 159223 0 24379 Monsignor C Anthony Ziccardi V.P. for Mission & Ministry 45.0 0.0 X 71557 0 70048 Monsignor Robert Coleman Regent / Trustee 1.0 0.0 X 51242 0 86448 Monsignor Joseph R Reilly Trustee 1.0 0.0 X 37739 0 94798 Monsignor Robert J Wister Trustee 1.0 0.0 X 60593 0 70048 Monsignor Gerald J Buonopane Regent 1.0 0.0 X 33099 0 75370 Monsignor Thomas P Nydegger Regent / Trustee 1.0 0.0 X 1000 47824 46487 Shawna Cooper-Gibson EdD V.P. Student Services 45.0 0.0 X 61829 0 6969 Most Rev Arthur J Serratelli Regent / Trustee 1.0 0.0 X 0 0 40680 Monsignor Peter Smutelovic Trustee 1.0 0.0 X 0 0 20730 Cardinal Joseph W Tobin Regent / Trustee 1.0 0.0 X 0 0 0 Most Reverend Kurt R Burnette Regent 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 Monsignor Robert E Harahan Trustee 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 Patrick M Murray 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 Pamela M Swartzberg Esq 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 Mark D Benjamin 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 Eun-Sook Lucy Cho-Lee MD 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 Francis J Hager 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 Kimberly A Capadona Esq Regent/General Counsel 45.0 0.0 X X 0 0 0 Leo J Zatta Regent / Trustee 1.0 0.0 X 0 0 0 Katia PasseriniPhD Provost and E.V.P. 45.0 0.0 X 0 0 0 11321121 0 1404804 338 true true false Gourmet Dining LLC 400 South Orange Avenue SOUTH ORANGE NJ 07079 Food Services 11931839 Sordoni Construction Co 1 Pluckemin Way 2nd Floor BEDMINSTER NJ 07921 General Contracting 4313335 Atalian Global Services 417 Fifth Avenue 9th Floor NEW YORK NY 10016 Housekeeping 4268161 JR Prisco Inc 44 Middle Avenue SUMMIT NJ 07901 General Construction 3353964 Aspire Technology Partners 25 James Way EATONTOWN NJ 07724 Business Consultant 1832255 109 357000 31369000 13787000 2385000 45513000 TUITION & FEES 900099 362637000 362637000 ROOM AND BOARD 900099 28293000 28293000 MEDICAL RESIDENCY PROGRAM 900004 234000 234000 391164000 2036000 -286000 2322000 34000 34000 202000 25000 177000 281000 27000 254000 0 254000 254000 119897000 6000 115942000 229000 3955000 -223000 3732000 3732000 136000 357000 182000 -46000 -46000 0 0 0 0 0 0 NCAA/CONFERENCE DISTRIBUTIONS 900099 4523000 4523000 ATHLETICS TICKET SALES 900099 3655000 3655000 PARKING 812930 1004000 1004000 4423000 3693000 432000 298000 13605000 456494000 403035000 171000 7775000 782000 782000 157950000 157950000 0 0 8143000 3070000 3643000 1430000 671000 671000 133495000 112710000 17235000 3550000 7968000 6723000 1033000 212000 30359000 24444000 5018000 897000 9252000 7816000 1191000 245000 218000 201000 17000 1953000 916000 1037000 283000 283000 219000 219000 0 5729000 5729000 24875000 21623000 2709000 543000 2305000 1986000 288000 31000 7048000 5698000 945000 405000 7851000 924000 6926000 1000 0 11371000 11371000 7042000 6288000 526000 228000 0 2747000 2260000 340000 147000 7848000 7746000 102000 0 19648000 18665000 905000 78000 2627000 270000 2357000 REPAIRS AND MAINTENANCE 6903000 5184000 1576000 143000 BOOKS AND SUBSCRIPTIONS 3400000 3354000 31000 15000 OTHER EXPENSES 8010000 6187000 1723000 100000 468697000 406839000 53833000 8025000 X 12940000 21725000 26892000 27653000 10930000 11095000 9306000 6141000 0 2894000 0 0 8861000 6966000 0 0 23036000 18406000 628650000 300671000 328222000 327979000 94058000 92145000 186769000 191414000 0 0 0 0 422000 108142000 701436000 814560000 41962000 45605000 0 0 10996000 11862000 176139000 279329000 0 0 0 0 0 0 0 0 31686000 39736000 260783000 376532000 X 240341000 234337000 200312000 203691000 440653000 438028000 701436000 814560000 X -12203000 9852000 -274000 X false true X true true true X 44070000 42295000 59790000 43567000 45513000 235235000 0 0 44070000 42295000 59790000 43567000 45513000 235235000 0 235235000 5543000 5602000 4968000 4029000 2787000 22929000 518000 534000 804000 499000 171000 2526000 2732000 2746000 2883000 2255000 1438000 12054000 272744000 1865237000 0.86247 0.84692 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false true false true 1200 false true 19737 true 228723 false false 249660 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 $30,723. 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. 1724000 61000 X X X false 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 263948000 4424000 -879000 2807000 15669000 2113000 246904000 0.34800 0.38100 0.27100 true false 3171000 3171000 550869000 254506000 296363000 55941000 45074000 10867000 18669000 1091000 17578000 327979000 OUTSIDE TRUST 9596000 F HEDGE FUNDS 54233000 F COMMINGLED FUNDS 1022000 F PRIVATE EQUITY FUNDS 7470000 F VENTURE CAPITAL 6134000 F LIQUID FIXED INCOME 19734000 F ILLIQUID FIXED INCOME 22764000 F OPPORTUNISTIC 21374000 F LONG EQUITY 22921000 F DIVERSIFYING ASSETS 16925000 F REAL ASSETS 9241000 F 191414000 DEPOSITS W/TRUSTEE 108142000 108142000 0 REFUNDABLE U.S. GOV'T GRANTS 9130000 CONDITIONAL ASSET RETIRE OBLIG 9756000 CAPITAL LEASE OBLIGATION 11508000 ACCRUED POSTRETIREMENT BENEFIT 945000 OTHER LIABILITIES, NET 8397000 39736000 X 308236000 9852000 531000 22000 10405000 297831000 5729000 152934000 158663000 456494000 310861000 531000 505000 1036000 309825000 5729000 153143000 158872000 468697000 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, 2020. Part X, line 2 - Other Liabilities - Income Taxes Accounting Standards Codification ("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 $22,000. Part XI, Line 4b - Other Financial Aid of $153,143,000, less rental expense of $27,000, and less special events expenses of $182,000. Part XII, Line 2D - Other Special events expense of $182,000, rental expense of $27,000, and provision for uncollectible contributions receivable of $296,000. Part XII, Line 4B - Other Financial aid of $153,143,000. 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. Central America and the Caribbean Investments 120976000 Europe (Including Iceland and Greenland) Investments 28836000 East Asia and the Pacific Program Services Student Recruitment 91000 East Asia and the Pacific Program Services MBA Program 20000 South America Program Services Compliance Cert 40000 South Asia Program Services Peacebuilding 125000 150088000 150088000 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, 8621, or 8865, those foreign forms were attached to the University's Form 990-T. Part I, Lines 3, (3)&(4) Support for student recruitment and academic exchange program developments. During FY2020, the Stillman School continued to offer an executive-style MBA program in collaboration with Viagold International Education Management Group, with cohorts in Beijing, Shanghai and Zhuhai, China. Students are taught in Mandarin by a combination of Stillman faculty and faculty employed by Chinese universities, and the students spend a week during their final semester at Seton Hall's South Orange campus to complete the MBA program and participate in Graduate Commencement. Part 1, Line 3, (5) The pharmaceutical, biotech, and medical device industries are increasingly facing a more challenging regulatory and enforcement landscape throughout Latin America (LATAM). This intensive, multi-day educational and training certificate program in health care compliance addresses the legal, regulatory, and compliance issues faced by life sciences manufacturers as well as their consultants and third parties doing business in LATAM. Part 1, Line 3 (6) 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 156000 131000 25000 3000 46000 7000 LawSch RedMass 99000 74000 25000 1000 18000 1000 25000 3 238000 152000 86000 19000 11000 39000 12000 493000 357000 136000 23000 75000 47000 37000 182000 -46000 true Township of South Orange Village 76 S Orange Ave South Orange NJ 07079 226002309 115 515000 General Purpose South Orange Performing Arts Center Inc 1 Sopac Way South Orange NJ 07079 320074004 501(C)(3) 19000 General Purpose Saint Paul's Outreach 110 Crusader Ave West St St Paul MN 55118 411621192 501(C)(3) 16000 General Purpose Maison Fortune Orphanage Foundation 999 Waterside Drive Suite 1700 Norfolk VA 23510 300007910 501(c)(3) 7000 General Purpose Township of Nutley NJ 1 Kennedy Drive Nutley NJ 07110 226002167 115 220000 General Purpose 5 Federal Awards 2066 11010000 State of New Jersey Awards 1620 12670000 Institutional Support 12074 134270000 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. Part II, Line 2, (h) Purpose of grant assistance: South Orange Performing Arts Center, Inc. (SOPAC) - Construction of South Orange Performing Arts Center. X X X X X X X false true X X X X X true false false false false false false false false Mary J Meehan PhD Interim Pres./Regent/Trustee 485893 0 155168 0 11912 0 22000 0 780 0 675753 0 0 0 Joseph E Nyre PhD President/CEO/Regent/Trustee 296683 0 133000 0 493649 0 22000 0 14860 0 960192 0 0 0 Patrick G Lyons MBA EVP Operations/Chief of Staff 408000 0 240000 0 21969 0 22000 0 25135 0 717104 0 0 0 Karen E Boroff PhD Interim Provost Thru 6/2020 364886 0 36720 0 10324 0 22000 0 24615 0 458545 0 0 0 Alyssa McCloud PhD V.P. Enrollment Management 331527 0 55000 0 7569 0 22000 0 12393 0 428489 0 0 0 Matthew Borowick MBA Interim V.P. Advancement 245725 0 60000 0 7753 0 20000 0 82874 0 416352 0 0 0 Stephen A Graham MBA V.P. Finance & CFO 298097 0 28091 0 7569 0 22000 0 19004 0 374761 0 0 0 Catherine A Kiernan JD V.P.& Gen. Counsel Thru 12/19 394597 0 36049 0 1578251 0 22000 0 76582 0 2107479 0 0 0 Kathleen Boozang JD LLM Dean, School of Law 372427 0 7200 0 1624 0 22000 0 12393 0 415644 0 0 0 Joyce A Strawser PhD Dean, Stillman School Business 278195 0 0 0 1058 0 22000 0 32441 0 333694 0 0 0 Peter W Shoemaker PhD Dean College of Arts & Science 188738 0 0 0 416 0 16053 0 40002 0 245209 0 0 0 Brian B Shulman PhD Dean, School Health & Medical 284705 0 0 0 2073 0 22000 0 12393 0 321171 0 0 0 Kevin Willard Head Coach Men's Basketball 2028327 0 165000 0 41588 0 22000 0 49258 0 2306173 0 0 0 Anthony J Bozzella Head Coach Women's Basketball 293436 0 77500 0 18474 0 22000 0 53970 0 465380 0 0 0 Stephen J Lubben JD LLM Law School Professor 296785 0 0 0 353 0 22000 0 35077 0 354215 0 0 0 Steven J Lorenzet PhD Associate Dean, Stillman Schl 251074 0 0 0 281 0 16440 0 35011 0 302806 0 0 0 Anthony O Skinn Asst. Coach Men's Basketball 225988 0 5000 0 11600 0 18180 0 11239 0 272007 0 0 0 Dennis J Garbini MBA Former V.P. Administration 103840 0 33293 0 228676 0 22000 0 25765 0 413574 0 0 0 Tracy H Gottlieb PhD Former V.P. Student Services 252269 0 22973 0 6343 0 18389 0 22859 0 322833 0 0 0 Robin L Cunningham EdS Int.VP Student Serv thru 10/19 156312 0 0 2911 0 12620 0 11759 0 183602 0 0 0 Part I, Line 1a Joseph E. Nyre, Ph.D. became President/CEO/Trustee/Regent on August 1, 2019. The University includes in his taxable income certain payments made on his behalf and certain expense reimbursements. The University makes gross-up payments, which are included in taxable income, to him for certain of these amounts. The University reimburses him for the business use of his personal residence. Mary J. Meehan, Ph.D. Interim President/Trustee/Regent was in that position up until July 31, 2019. She became a member of the faculty at the University on August 1, 2019. Housing and related services were provided at no charge to members of its priest community which included an officer, along with certain Regents and Trustees listed in Form 990, Part VII(Monsignor Anthony Ziccardi, Monsignor Joseph R.Reilly, Monsignor Robert Coleman, Monsignor Thomas P. Nydegger, Monsignor Robert J. Wister, and Monsignor Gerald J. Buonopane). The value of the housing and related benefits are included in nontaxable benefits in Schedule J, Part II. The University paid membership fees to a country club for its Men's basketball coach, Kevin Willard, Women's basketball coach, Anthony J. Bozzella, and E.V.P. Operations/Chief of Staff, Patrick G. Lyons, M.B.A. Their attendance at these organizations were exclusively business related in order to assist University Advancement with donor cultivation and Fundraising efforts. Such fees totaled $15,476, $20,188, and $24,193, respectively. They are included in nontaxable benefits in Schedule J, Part II The Men's Basketball team may travel via chartered flights to games to minimize the time spent away from for the players. The University spent $22,241 for the Men's Basketball coach to travel via chartered flights for recruitment purposes. These benefits are not included in taxable income. Spouses of the President, the Men's Basketball coach, the Women's Basketball coach, and other members of the Executive Cabinet may travel to a limited number of events for business purposes; these events include fundraising/alumni events and Men's Basketball tournaments. Where applicable, the personal component of travel is included in taxable income. The University paid $221,952 in 2019 to the former VP for Administration as severance. During 2019, the University made an end of term payment to an employee pursuant to contract. Due to non-disclosure provisions in the contract, the University is not disclosing the employee's name. However, such payment is properly disclosed on Form 990, Part VII and Schedule J as taxable wages. The compensation information reported on Form 990 is from calendar year 2019, as required. All amounts paid and disclosed were pursuant to employment agreements and done so prior to the COVID pandemic that currently affects our students, employees and society in general. A NJEFA - Seton Hall - CIF 2014 D 221829511 646066DG2 2004-04-29 19369367 SEE PART VI false false true 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 - ELF 2014 B 221829511 6460658J4 2014-01-30 8131497 SEE PART VI false false true A 994835 0 19369367 0 0 0 113339 0 0 0 1226845 0 2014 false true true true B 30855000 0 37578532 0 0 0 411094 0 0 0 37167438 0 2011 true false true true C 186058 0 19369367 0 0 0 113339 0 0 1014830 0 0 2015 false false true true D 202023 0 8131497 0 0 0 54722 0 0 330900 0 0 2015 false false true true A false false false false 0.00000 0.00000 0.00000 false false 0.00000 false true B 0.00000 0.00000 0.00000 0.00000 C false false false false 0.00000 0.00000 0.00000 false false 0.00000 false true D false false false false 0.00000 0.00000 0.00000 false false 0.00000 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 false false true false false 0 false 0 false true D false false false true 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 2020 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, 2020. PART I, COLUMN(F) DESCRIPTION OF PURPOSE 1. 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 2014 SERIES B ISSUE IS DISCUSSED BELOW. THE 2014 SERIES D ISSUE ADVANCE REFUNDED THE REMAINING BALANCE OF THE 2004 SERIES A BONDS RELATED TO THREE PRIVATE INSTITUTIONS, OF WHICH THE UNIVERSITY WAS ONE. THE 2004 SERIES A BOND PROCEEDS WERE USED BY THE UNIVERSITY TO FUND CAPITAL IMPROVEMENTS ON ITS CAMPUS. THE UNIVERSITY'S PORTION OF THE $3,875,828 WAS $2,724,951, WITH $1,226,845 BEING DEBT REPAYABLE OVER SEVEN YEARS AND THE REMAINDER REFUNDING OTHER STATE ISSUES THAT PROVIDED GRANT FUNDS FOR CAPITAL IMPROVEMENTS TO THE UNIVERSITY IN PRIOR YEARS. AS A RESULT OF THIS REFUNDING, AMOUNTS PAYABLE BY EACH INSTITUTION, INCLUDING THE UNIVERSITY, WAS ADJUSTED TO TAKE INTO ACCOUNT ALLOCABLE DEBT SERVICE SAVINGS. 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. AS NOTED ABOVE, ON APRIL 29, 2014 THE NJEFA ISSUED CIF BONDS, SERIES 2014 B, PURSUANT TO A PROGRAM OF THE STATE OF NEW JERSEY TO FINANCE CAPITAL IMPROVEMENTS AT INSTITUTIONS OF HIGHER EDUCATION. THE GROSS PROCEEDS OF THIS ISSUANCE WERE $15,493,539. THE PROCEEDS 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. ON JANUARY 30, 2014 THE NJEFA ISSUED HIGHER EDUCATION EQUIPMENT LEASING FUND ("ELF") PROGRAM BONDS, SERIES 2014 B, PURSUANT TO A PROGRAM OF THE STATE OF NEW JERSEY TO FINANCE CAPITAL IMPROVEMENTS AT INSTITUTIONS OF HIGHER EDUCATION. THE ELF 2014 B ISSUE IS ALLOCATED TO EQUIPMENT PURCHASES AT SIX PRIVATE INSTITUTIONS OF HIGHER EDUCATION. THE GROSS PROCEEDS OF THIS ISSUANCE WERE $8,131,497. SETON HALL'S APPORTIONED AMOUNT WAS $1,522,184. AFTER $10,253 OF APPORTIONED ISSUANCE COSTS, THE REMAINDER THAT WAS RECEIVED BY SETON HALL WAS $1,511,931, OF WHICH $1,181,031 WAS A GRANT AND $330,900 WAS DEBT REPAYABLE OVER 9 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 EQUIPMENT. 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. 10. 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. 11. SETON HALL UNIVERSITY ISSUE, 2020 SERIES C (CUSIP 6460667B0), WAS ISSUED BY THE NJEFA TO FUND CAPITAL IMPROVEMENTS ON THE UNIVERSITY'S CAMPUS. 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 8930000 0 43935728 0 2405009 0 522077 0 0 33208335 7800307 0 2014 true false true true B 3420000 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 35774 0 20805115 0 0 0 48426 0 0 0 1046461 0 2016 true false true true A false false false false 0.00000 0.00000 0.00000 false false 0.00000 false true B 0.00000 0.00000 0.00000 0.00000 C false false false false 0.00000 0.00000 0.00000 false false 0.00000 false true D false false false false 0.00000 0.00000 0.00000 false false 0.00000 false true A false false false true false false 0 false 0 false true B false true false false 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 646066F54 2016-12-20 30676062 SEE PART VI false false true B NJEFA - SETON HALL - ISSUE 2017 D 221829511 646066V64 2017-06-29 41827193 SEE PART VI false false false C NJEFA-SETON HALL-ISSUE 2020 C 221829511 6460667B0 2020-06-18 34025223 SEE PART VI false false false A 63836 0 30676062 0 0 0 246539 0 0 733252 0 0 2019 false false true true B 0 0 41827193 0 0 0 348259 0 0 0 41478934 0 2017 true false true true C 0 0 34025223 0 0 0 266697 1369051 0 0 0 32389475 2023 false false true true A false false false false 0.00000 0.00000 0.00000 false false 0.00000 false true B false false false false 0.00000 0.00000 0.00000 false false 0.00000 false true C false false false false 0.00000 0.00000 0.00000 false false 0.00000 false true A false true false false false false 0 false 0 false true B false true false false false false 0 false 0 false true C false true false false false false 0 false 0 false true A true B true C true Joseph E Nyre PhD President/CEO/ Trustee/Regent Home Purchase X 2893750 2893750 false true true 2893750 Total of 8 222130 Scholar/Tuition Remission Education MARY ANN CHRISTOPHER Brother of Trustee/Regent 1085060 LEGAL SERVICES false Robert J Sloan Employer of Trustee/Regent 234402 TELEPHONE CHARGES false Francis J Hager Business Relationship with Regent 712339 Management fees false Tracy HGottlieb Sister of Officer 138677 COMPENSATION & BENEFITS false Tracy HGottlieb Sister of Officer 54705 COMPENSATION & BENEFITS false Tracy HGottlieb Daughter-in-law of Officer 69323 COMPENSATION & BENEFITS false MATTHEW BOROWICK DAUGHTER OF OFFICER 59425 COMPENSATION & BENEFITS false Gourmet Dining LLC Substantial Contributor 11931839 Food Services false Part II - Loans to and/or From Interested Persons The University requires that as a condition of employment, Dr. Joseph Nyre, President and CEO, live in close proximity to the University's campus and that he use his residence for official University functions and business on a continuous basis. Accordingly, as the University did not own property that would satisfy these requirements, the University provided Dr. Nyre with a 30 year loan in the amount of $2,893,750 to purchase a residence. The residence was subject to, and received the approval of, the Board of Regents. Loan principal is paid upon maturity or termination of employment. It is secured by a first mortgage. Annual payments are for interest only. 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. $1,085,060, for legal services in the year ended June 30, 2020. Robert J. Sloan, Trustee/Regent, was a Vice President at AT&T up until April 1, 2020. Seton Hall University paid AT&T $234,402 for telephone charges in FY2020. Francis J. Hager, Regent, has a business relationship with Appomattox Capital, the University's Outsourced Endowment Portfolio Manager. The University paid Appomattox management fees IN FY2020 of $725,895. 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 2020, they received total compensation and benefits of $138,677, $54,705, and $69,323, respectively. The daughter of Matthew Borowick, M.B.A., Interim V.P. Advancement, served as an employee of the University. In fiscal year 2020, she received total compensation and benefits of $59,425. Gourmet Dining, LLC, a substantial contributor, is a University vendor providing food services. Seton Hall University paid Gourmet Dining, LLC $11,931,839 in FY2020. 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 2 61000 Appraisal X 26 1063000 Selling price X 11 49000 Cost X MISCELLANEOUS 16 47000 Cost X Trust Assets 1 1165000 FMV 4 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, its investment broker is engaged to sell those securities. The University reimbursed a related party, the Roman Catholic Archdiocese of Newark, for administrative expenses incurred in conducting the Archbishop's annual appeal to raise funds from the congregation for the benefit of the University. 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 6,100 undergraduate and 4,100 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 Co-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 Shawna Cooper-Gibson, Ed.D. became VP Student Services on October 14, 2019. Tracy H. Gottlieb, Ph.D. stepped down as VP Student Services on June 30, 2019. Robin L. Cunningham, Ed. S. was Interim VP Student Services from July 1, 2019 to October 13, 2019. Katia Passerini, Ph.D. became Executive Vice President and Provost effective June 5, 2020. Accordingly, she is reported on the Form 990 with no current compensation (as she did not receive a W-2 in calendar year 2019). Karen E. Boroff, Ph.D. - Interim Provost was in that position up until June 4, 2020. Kimberly A. Capadona, Esq. served as a Regent for the University up until her accepting the position of VP and General Counsel effective April 27, 2020. Accordingly, she is reported on the Form 990 with no current compensation (as she did not receive a W-2 in calendar year 2019). Form 990, Part XI, Line 9 Provision for uncollectible contributions receivable of $296,000 less the change in value of split-interest agreements of $22,000. 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. Accordingly, the University processed credits to students for prorated room, board, and parking fees for the Spring term. 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 true 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.