2021-05-12T07:31:30-05:00 2020-06-30 BDO USA LLP 1100 Peachtree Street Suite 700 ATLANTA GA 303094516 990 2019-07-01 210634981 GEORGIAN COURT UNIVERSITY % AMY BOSIO GEOR 7329872200 900 LAKEWOOD AVENUE LAKEWOOD NJ 08701 AMY BOSIO VP/CFO 7329872218 2021-05-10 true Sandra L Feinsmith P01064157 4046886841 2021-05-10 2019 2022-09-23 18:48:47Z Joseph R Marbach 900 LAKEWOOD AVENUE LAKEWOOD NJ 08701 97977079 false X WWW.GEORGIAN.EDU X 1908 NJ GEORGIAN COURT OFFERS A COMPREHENSIVE LIBERAL ARTS EDUCATION IN THE ROMAN CATHOLIC TRADITION. FOR MORE INFORMATION SEE SCHEDULE O. 30 29 883 45 106151 2356603 3592934 59737990 59008435 5558645 3586331 748137 675938 68401375 66863638 20862813 19829334 0 0 26158249 26513247 64030 32912 1561488 21686297 19753368 68771389 66128861 -370014 734777 130282700 124131723 37424231 32683909 92858469 91447814 X GEORGIAN COURT UNIVERSITY (GCU), PROVIDES A COMPREHENSIVE LIBERAL ARTS EDUCATION AND IS OPEN TO STUDENTS OF ALL FAITHS, DELIVERS A CURRICULUM THAT PROMOTES SCHOLARSHIP, SERVICE, AND PERSONAL DEVELOPMENT. FOR MORE INFORMATION SEE SCHEDULE O. false false 38310784 19829334 59576823 INSTRUCTIONAL DEGREE PROGRAM - IN 2019-20, GEORGIAN COURT UNIVERSITY ENROLLED 2,411 STUDENTS IN MORE THAN 36 UNDERGRADUATE AND MORE THAN 13 DISTINCTIVE GRADUATE PROGRAMS THROUGH THE SCHOOL OF BUSINESS AND DIGITAL COMMUNICATION, THE SCHOOL OF EDUCATION, AND THE SCHOOL OF ARTS AND SCIENCES. FOR MORE INFORMATION SEE SCHEDULE O. 7108142 STUDENT SERVICE SUPPORT - OTHER EXPENDITURES TO SUPPORT THE OPERATION OF OFFICES DEDICATED TO STUDENT SERVICE ACTIVITIES. 3398053 STUDENT ATHLETES & PROGRAMS - AS A MEMBER OF THE CENTRAL ATHLETIC COLLEGIATE CONFERENCE, GCU HAD 298 ATHLETES PARTICIPATING IN NCAA DIVISION II SPORTS, UP FROM 287 THE PREVIOUS YEAR. FOR MORE INFORMATION SEE SCHEDULE O. 48816979 true true false true false false false false false true true true false false true true true false true false true false true true false false false false true true true false false false false false false false false true false true false false false false true true true false false true 114 0 true 883 true true true false false false false true true false false false false false false X 30 29 false false false false false true true true true true false true true true true true true true true false KY MD MA MI NH NY OH OK OR PA TN X AMY BOSIO 7329872416 900 LAKEWOOD AVENUE Lakewood NJ 08701 X JOSEPH R MARBACH PRESIDENT 35.0 0.0 X X 336766 0 37867 Janice Warner Interim Provost 35.0 0.0 X 205514 0 33340 James Trusdell VP FOR FINANCE & ADMIN./CFO 35.0 0.0 X 186224 0 25385 Matthew Manfra VP institutional Advancement 35.0 0.0 X 153408 0 16544 Maureen Ryan-Hoffman AssT. VP for Fin. & CONTROLLER 35.0 0.0 X 134782 0 23927 KATHLEEN BOODY Interim VP for Enrollment 35.0 0.0 X 130863 0 22417 Janet Sr Thiel AssT. VP of University AssESS. 35.0 0.0 X 146221 0 0 Christopher Campisano Dean, School of Education 35.0 0.0 X 120900 0 20637 Mary Chinery Dean, School of Arts & ScienCE 35.0 0.0 X 124656 0 15234 Michael Gross Asso. Provost Academic Program 35.0 0.0 X 122379 0 14251 EVELYN SAUL QUINN FORMER VP MISSION INTEGRATION 35.0 0.0 X 100989 0 12001 MATTHEW MCMANNESS SpL. Consultant to PRESIDENT 35.0 0.0 X 77700 0 0 John Sommer VP FOR FINANCE & ADMIN./CFO 35.0 0.0 X 22115 0 0 Robert E Mulcahy III BOARD CHAIR 1.0 0.0 X 0 0 0 Judith M Persichilli RN BSN BOARD VICE CHAIR 1.0 0.0 X 0 0 0 Nina Anuario INDIVIDUAL TRUSTEE 1.0 0.0 X 0 0 0 Michele Teresa Aronica RSM INDIVIDUAL TRUSTEE 1.0 0.0 X 0 0 0 Senator Jeffrey S Chiesa INDIVIDUAL TRUSTEE 1.0 0.0 X 0 0 0 Francis G Coleman INDIVIDUAL TRUSTEE 1.0 0.0 X 0 0 0 James H Dickerson Jr INDIVIDUAL TRUSTEE 1.0 0.0 X 0 0 0 Madeline Farraro INDIVIDUAL TRUSTEE 1.0 0.0 X 0 0 0 Msgr R Vincent Gartland INDIVIDUAL TRUSTEE 1.0 0.0 X 0 0 0 Patricia Smith Heanue INDIVIDUAL TRUSTEE 1.0 0.0 X 0 0 0 Kathleen Hickey INDIVIDUAL TRUSTEE 1.0 0.0 X 0 0 0 Patricia E Koch Esq TRUSTEE EMERITA 1.0 0.0 X 0 0 0 David Kountz MD INDIVIDUAL TRUSTEE 1.0 0.0 X 0 0 0 Rev Monsignor Casimir Ladzinski INDIVIDUAL TRUSTEE 1.0 0.0 X 0 0 0 Michael J Laferrera INDIVIDUAL TRUSTEE 1.0 0.0 X 0 0 0 Mary K E Maples Esq INDIVIDUAL TRUSTEE 1.0 0.0 X 0 0 0 Kerry Anne McGeary PhD INDIVIDUAL TRUSTEE 1.0 0.0 X 0 0 0 Amelia A McTamaney INDIVIDUAL TRUSTEE 1.0 0.0 X 0 0 0 Elizabeth Healey Mulvihill INDIVIDUAL TRUSTEE 1.0 0.0 X 0 0 0 Linda M Orlando INDIVIDUAL TRUSTEE 1.0 0.0 X 0 0 0 Mark N Ricca INDIVIDUAL TRUSTEE 1.0 0.0 X 0 0 0 Megan E Mulcahy Romano INDIVIDUAL TRUSTEE 1.0 0.0 X 0 0 0 John W Seazholtz INDIVIDUAL TRUSTEE 1.0 0.0 X 0 0 0 Judge Eugene D Serpentelli INDIVIDUAL TRUSTEE 1.0 0.0 X 0 0 0 Edward Smith INDIVIDUAL TRUSTEE 1.0 0.0 X 0 0 0 Thomas J Sykes AIA PP INDIVIDUAL TRUSTEE 1.0 0.0 X 0 0 0 Patricia A Talone RSM PhD INDIVIDUAL TRUSTEE 1.0 0.0 X 0 0 0 Julia A Upton RSM PhD INDIVIDUAL TRUSTEE 1.0 0.0 X 0 0 0 M Deborah Hanley Williams INDIVIDUAL TRUSTEE 1.0 0.0 X 0 0 0 1862517 0 221603 30 true true false ELLUCIAN COMPANY LP 4 COUNTRY VIEW ROAD MALVERN PA 19355 MANAGEMENT SERVICES 753023 Matthews Plumbing Heating PO Box 723 POINT PLEASANT NJ 08742 Contractor 239808 Shag Investments 1016 State Route 33 Unit 1 FREEHOLD NJ 07728 Contractor 145325 FHEG 3146 SOLUTIONS CENTER CHICAGO IL 606773001 Bookstore 133719 Matthew McManness 1399 Penllyn Blue Bell Pike BLUE BELL PA 19422 Consultant 131250 7 1955527 1637407 149198 3592934 TUITION AND FEES 900099 55110817 55110817 RESIDENCE HALLS AND DINING SERVICES 900099 3860082 3860082 BOOKSTORE COMMISSION 900099 37536 37536 59008435 2418595 -1399 2419994 0 0 48496 4763 48496 4763 53259 53259 31367439 913738 30275903 837538 1091536 76200 1167736 1167736 0 0 0 0 0 0 0 0 0 OTHER STUDENT ACTIVITIES/MISCELLANEOUS 900099 540888 540888 CATERING 900099 54291 54291 TRUST INCOME 900099 27500 27500 622679 66863638 59576823 106151 3587730 0 18672532 18672532 1156802 1156802 0 1281671 434509 614636 232526 54907 54907 20027439 15881688 3404299 741452 598638 422676 156466 19496 2608838 1527304 1015632 65902 1941754 1495811 356506 89437 65250 65250 119320 119320 142100 142100 32538 32538 32912 32912 234600 234600 638835 35850 543379 59606 804775 445466 332495 26814 815149 637104 154229 23816 2094960 1511673 533500 49787 0 1432791 354144 1078647 419792 391869 21174 6749 0 98661 81409 15532 1720 1227746 1227746 0 3345868 3330156 15712 1026129 75547 950582 STUDENT PROGRAM SERVICES 1871174 1859858 11316 DINING HALL 1572169 1572169 EQUIP REPAIRS MAINTENANCE 977096 187946 783380 5770 PROFESSIONAL SERVICES 961155 961155 1873260 991310 692161 189789 66128861 48816979 15750394 1561488 0 0 2078639 4855890 847557 1136958 1125022 1388851 0 0 0 0 0 0 0 0 388118 153328 117366319 58883998 61998099 58482321 47612085 44288894 15594591 13140953 0 0 0 0 638589 684528 130282700 124131723 5157589 4482446 0 0 109719 377839 18761889 15585438 0 0 0 0 262010 102212 0 0 13133024 12135974 37424231 32683909 X 65956050 63725033 26902419 27722781 92858469 91447814 130282700 124131723 X 734777 -2195120 49688 X false true X true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false true false false false false true 1913 false true 30625 32538 false SCHEDULE C, PART II-B, LINE 1 THE UNIVERSITY ENGAGED MWW PUBLIC AFFAIRS TO UNDERTAKE LOBBYING AND GRANT-WRITING ASSISTANCE. THE TOTAL FEES PURSUANT TO THIS CONTRACT FOR THE YEAR ENDED JUNE 30, 2020 WERE $27,500. THE FIRM EXPENDED 95% EFFORT ON LOBBYING AND 5% ON GRANT-WRITING ASSISTANCE. IN ADDITION, THE UNIVERSITY SECURED THE SERVICES OF KOMJATHY & KEAN LLC ($4,500) FOR STATE ACTIVITIES. UNIVERSITY PERSONNEL AND STUDENTS, DURING THE COURSE OF VARIOUS ACTIVITIES THROUGHOUT THE YEAR, MEET WITH LEGISLATORS TO DISCUSS EDUCATIONAL RELATED TOPICS. LINE 1G THE UNIVERSITY PAID MEMBERSHIP DUES TO MEMBER ORGANIZATIONS WHO MAY ENGAGE IN LOBBYING ACTIVITIES. THEREFORE, A PORTION OF THE DUES MAY BE ATTRIBUTABLE TO LOBBYING ACTIVITIES. THE UNIVERSITY'S PORTION OF DUES ATTRIBUTABLE TO LOBBYING ACTIVITIES TOTALED $1,913. THIS DOES NOT CONSTITUTE A SUBSTANTIAL PORTION OF THE UNIVERSITY'S ACTIVITIES. 58402612 182869 944249 6895550 52634180 58245672 300681 2447044 2590785 58402612 55952983 313705 3914544 1935560 58245672 51841878 238022 5951039 2077956 55952983 53293111 323818 224246 1999297 51841878 0.52000 0.28000 0.20000 false false 3984901 3984901 89759623 37525453 52234170 2131285 2050546 80739 19914210 17942687 1971523 1576300 1365312 210988 58482321 INVESTMENTS HELD BY TRUSTEES 7814241 PRIVATE EQUITY 1760630 CORE PROPERTIES FUNDS 1368597 SPECIAL SITUATIONS FUNDS 1196119 STRUCTURED CREDIT FUNDS 1001366 13140953 0 BONDS PAYABLE 10815723 COND. ASSET RETIR. OBLIGATION 1076489 OTHER LIABILITIES 185658 ANNUITY PAYMENT LIABILITY 58104 12135974 X 44604584 -2195120 -2195120 46799704 234600 19829334 20063934 66863638 46064927 46064927 234600 19829334 20063934 66128861 ENDOWMENT FUNDS FORM 990, SCHEDULE D, PART V, LINE 4 THE UNIVERSITY HAS ADOPTED AN INVESTMENT POLICY THAT IS INTENDED TO PROVIDE A PREDICTABLE STREAM OF FUNDING TO PROGRAMS FROM ITS ENDOWMENT WHILE SEEKING TO MAINTAIN THE PURCHASING POWER OF THE ENDOWMENT ASSETS. ENDOWMENT ASSETS INCLUDE THOSE ASSETS OF DONOR-RESTRICTED FUNDS THAT THE UNIVERSITY MUST HOLD IN PERPETUITY AS WELL AS BOARD-DESIGNATED FUNDS. 1. DONOR-RESTRICTED ENDOWMENT FUNDS ARE ESTABLISHED BY DONOR-RESTRICTED GIFTS AND RECORDED AS PERMANENTLY RESTRICTED WITHIN THE UNIVERSITY FINANCIAL STATEMENTS. THE AMOUNT OF EACH INDIVIDUAL FUND IS COMPRISED OF THE ORIGINAL GIFT, SUBSEQUENT GIFTS IF THEY WERE TO BE ADDED TO THE PERMANENT ENDOWMENT AND ACCUMULATIONS IF DIRECTED BY THE DONOR'S GIFT DOCUMENTS. THESE FUNDS MUST BE RETAINED IN ACCORDANCE WITH THE EXPLICIT DONOR STIPULATIONS. 2. EARNINGS ON THESE ENDOWED FUNDS ARE REGARDED AS NET APPRECIATION AND CLASSIFIED AS NET ASSETS WITH DONOR RESTRICTIONS. THESE AMOUNTS ARE APPROPRIATED FOR EXPENDITURE CONSISTENT WITH THE DONOR GUIDELINES. DONOR FUNDED SCHOLARSHIPS ARE AWARDED ANNUALLY, IN ACCORDANCE WITH DONOR STIPULATED GUIDELINES AND ARE A COMPONENT OF THE UNIVERSITY'S FINANCIAL AID BUDGET. 3. BOARD DESIGNATED FUNDS, QUASI-ENDOWMENT, FUNCTIONING AS ENDOWMENTS ARE MADE UP OF A DEBT FUND, INTENDED TO OFFSET FUTURE DEBT BORROWINGS; A PLANT FUND, INTENDED TO SUPPLEMENT OPERATIONAL EXPENSES RELATED TO FACILITIES' NEEDS SUCH AS DEFERRED MAINTENANCE OR CAPITAL ITEMS; AND A SPECIAL PROJECTS FUND WITH THE ABILITY TO REACT TO THE CHANGING NEEDS AND DEMANDS OF THE HIGHER EDUCATION ENVIRONMENT. INCOME TAXES FORM 990, SCHEDULE D, PART X, LINE 2 THE UNIVERSITY IS CLASSIFIED AS A 501(C)(3) ORGANIZATION AND IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(A) OF THE INTERNAL REVENUE CODE AND A SIMILAR PROVISION OF THE NEW JERSEY STATE INCOME TAX LAW. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN REFLECTED IN THE ACCOMPANYING FINANCIAL STATEMENTS. THERE ARE CERTAIN TRANSACTIONS THAT COULD BE DEEMED UNRELATED BUSINESS INCOME AND WOULD RESULT IN A TAX LIABILITY. MANAGEMENT REVIEWS TRANSACTIONS TO ESTIMATE POTENTIAL TAX LIABILITIES USING A THRESHOLD OF MORE LIKELY THAN NOT. IT IS MANAGEMENT'S ESTIMATION THAT THERE ARE NO MATERIAL TAX LIABILITIES THAT NEED TO BE RECORDED AT JUNE 30, 2020 AND 2019. RECONCILIATION OF REVENUE FORM 990, SCHEDULE D, PART XI, LINE 4B SCHOLARSHIP EXPENSE(RECLASS) $19,829,334 RECONCILIATION OF EXPENSES FORM 990, SCHEDULE D, PART XII, LINE 4B SCHOLARSHIP EXPENSE(RECLASS) $19,829,334 true true true true true true true false false false false false false false false true false true NONDISCRIMINATION POLICY SCHEDULE E, PART I, LINE 3 THE UNIVERSITY'S NOTICE OF NONDISCRIMINATION POLICY IS PRINTED ON ALL BROCHURES, WEB PAGES, AND PUBLICATIONS THAT ADVERTISE GCU PROGRAMS AND ADMISSION STANDARDS. FINANCIAL AID OR ASSISTANCE FROM A GOVERNMENTAL AGENCY FORM 990, SCHEDULE E, PART I, LINE 6A U.S. DEPARTMENT OF EDUCATION STUDENT FINANCIAL ASSISTANCE CLUSTER FEDERAL PELL PROGRAM FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANT FEDERAL WORK STUDY PROGRAM FEDERAL DIRECT STUDENT LOANS TEACHER EDUCATION ASSISTANCE FOR COLLEGE AND HIGHER EDUCATION GRANTS (TEACH) CARES ACT STUDENT CARES ACT INSTITUTIONAL OTHER U.S, DEPARTMENT OF EDUCATION AID TRIO STUDENT SUPPORT SERVICES TITLE III CHART THE COURSE TO GRADUATION U.S. DEPARTMENT OF THE INTERIOR RUTGERS STEM BRIDGING PROGRAM RUTGERS NASA STEM RESEARCH U.S. DEPARTMENT OF JUSTICE OFFICE ON VIOLENCE AGAINST WOMEN - EMPOWER SEXUAL ASSAULT AWARENESS AND PREVENTION PROGRAM NEW JERSEY DEPARTMENT OF EDUCATION HIGHER EDUCATION STUDENT ASSISTANCE AUTHORITY STUDENT FINANCIAL AID CLUSTER TUITION AID GRANT NJ STARS PROGRAM URBAN SCHOLARSHIP OTHER NJ DEPARTMENT OF EDUCATION ASSISTANCE EDUCATIONAL OPPORTUNITY FUND GRANT EDUCATIONAL OPPORTUNITY FUND SUMMER EDUCATIONAL OPPORTUNITY FUND WINTER EDUCATION OPPORTUNITY FUND ARTICLE IV NEW JERSEY DEPARTMENT OF HUMAN SERVICES NEW JERSEY COMMISSION FOR THE BLIND VOCATIONAL REHABILITATION DIRECT SERVICES NEW JERSEY DEPARTMENT OF ENVIRONMENTAL PROTECTION AMERICAN LITTORAL SOCIETY NEW JERSEY DEPARTMENT OF HEALTH NEW JERSEY QUIT TOBACCO SMOKE FREE NEW JERSEY DEPARTMENT OF TREASURY AID TO INDEPENDENT COLLEGES & UNIVERSITIES true Europe (Including Iceland and Greenland) 0 Grantmaking 676283 North America 0 Grantmaking 257125 Sub-Saharan Africa 0 Grantmaking 95573 East Asia and the Pacific 0 Grantmaking 83055 Central America and the Caribbean 0 Grantmaking 41385 South America 0 Grantmaking 3381 0 0 1156802 1156802 Grantmaking Europe (Including Iceland and Greenland) 3 676283 CREDIT ACCT Grantmaking North America 1 257125 CREDIT ACCT Grantmaking Sub-Saharan Africa 3 95573 CREDIT ACCT Grantmaking East Asia and the Pacific 20 83055 CREDIT ACCT Grantmaking Central America and the Caribbean 8 41385 CREDIT ACCT Grantmaking South America 1 3381 CREDIT ACCT true false true true true false SCHEDULE F, PART I, LINE 2 THE UNIVERSITY GRANTS LISTED ON SCHEDULE F REPRESENT INSTITUTIONAL AID PROVIDED TO STUDENTS WHO MATRICULATE AT THE UNIVERSITY. THE AID PROVIDED TO THE STUDENTS IS APPLIED BY THE UNIVERSITY DIRECTLY TO THE STUDENTS' ACCOUNT. AS SUCH, NO MONITORING OF THE GRANT FUNDS ARE REQUIRED BECAUSE THE STUDENT MAY ONLY USE THE SCHOLARSHIP FUNDS TO DEFRAY THE COST OF TUITION. X X X X X X X true Ruffalo Noel Levitz 1025 KIRKWOOD PARKWAY SW CEDAR RAPIDS IA 52404 fundraising false 37740 31537 -6202 37740 31537 -6202 AL AK AR CA CO CT DC FL HI IL KS KY ME MA MI MN MO NV NH NM NC ND OH OK OR PA RI SC TN UT VA WA WV WI 900 LAKEWOOD AVENUE LAKEWOOD NJ 08701 true INSTITUTIONAL GRANT AID 1785 10256881 TRANSFER SCHOLARSHIP 593 5297798 ATHLETICS 207 1958772 Endowed/Funded 282 883983 RELIGIOUS GRANTS & DISCOUNTS 121 260598 NURSING SCHOLARSHIP 2 14500 MONITORING OF FUNDS Schedule I, Part I, line 2 THE UNIVERSITY GRANTS LISTED ON SCHEDULE I REPRESENT SCHOLARSHIPS OFFERED TO STUDENTS WHO MATRICULATE AT THE UNIVERSITY. AS SUCH, NO MONITORING OF THE GRANT FUNDS ARE REQUIRED BECAUSE THE STUDENT MAY ONLY USE THE SCHOLARSHIP FUNDS TO DEFRAY THE COST OF TUITION. X X X X X false false false false false false false false false JOSEPH R MARBACH PRESIDENT 336766 0 0 0 0 0 19091 0 18776 0 374633 0 0 0 Janice Warner Interim Provost 205514 0 0 0 0 0 12331 0 21009 0 238854 0 0 0 James Trusdell VP FOR FINANCE & ADMIN./CFO 186224 0 0 0 0 0 9675 0 15710 0 211609 0 0 0 Matthew Manfra VP institutional Advancement 153408 0 0 0 0 0 8000 0 8544 0 169952 0 0 0 KATHLEEN BOODY Interim VP for Enrollment 130863 0 0 0 0 0 7852 0 14565 0 153280 0 0 0 Maureen Ryan-Hoffman AssT. VP for Fin. & CONTROLLER 134782 0 0 0 0 0 8087 0 15840 0 158709 0 0 0 EVELYN SAUL QUINN FORMER VP MISSION INTEGRATION 100989 0 0 0 0 0 6038 0 5963 0 112990 0 0 0 A New Jersey Educational Facilities Authority 2017G 221829511 64606645A 2017-12-21 14383915 REFUND SERIES 2007 & CONSTRUCTION false false false B New Jersey Educational Facilities Auth 2014D 221829511 646066DG2 2014-04-29 19369367 REFUND 2004 ISSUE & CONSTRUCTION false false true C New Jersey Educational Facilities Authority 2016A 221829511 000000000 2016-07-26 20805115 REFUND SERIES 2005 & 2006 false false true D NEW JERSEY EDUCATIONAL FAC AUTH 2016B 221829511 646066F54 2016-12-20 30676062 FINANCE CAPITAL IMPROVEMENTS false false true A 210000 0 14383915 0 0 0 191599 0 0 5026650 9165666 0 true true true true B 865029 0 944422 0 0 0 5526 0 0 751266 187650 0 2014 false true true true C 454290 0 802948 0 0 0 1869 0 0 0 801079 0 true false true true D 399426 0 572736 0 0 0 4603 0 0 504176 0 63957 false false false A false false true true false 0 false false false true B false false false false 0 false false false true C false false false false 0 false false false true D false false false 0 false false false true A false true false false 0 false 0 false true B false true false false 0 false 0 false true C false true false false 0 false 0 false true D false true false false 0 false 0 false true A true B true C true D true SCHEDULE K, PART I BOND A - NEW JERSEY EDUCATIONAL FACILITIES AUTHORITY, PROJECT REVENUE BONDS, 2017 SERIES PROJECT G. PART III, LINE 3A: ALL CONTRACTS FALL UNDER REV. PROC. 97-13 OR ARE INCIDENTAL IN NATURE AND DO NOT CONSTITUTE PRIVATE BUSINESS USE. BOND B - NEW JERSEY EDUCATIONAL FACILITIES AUTHORITY, HIGHER EDUCATION CAPITAL IMPROVEMENT FUND, SERIES 2014 D: PART II, LINE 3: BOND B 2014D IS A POOLED FINANCING BOND. THE PORTION REPORTED ON SCHEDULE K PART II IS REFLECTIVE OF ONLY GEORGIAN COURT UNIVERSITY'S PORTION. PART IV, LINE 2C: BOND B 2014D THE LAST COMPUTATION WAS DONE 07/06/2015. BOND C - NEW JERSEY EDUCATION FACILITIES AUTHORITY, HIGHER EDUCATION CAPITAL IMPROVEMENT FUND, SERIES 2016 A: PART II, LINE 3: BOND C 2016A IS A POOLED FINANCING BOND. THE PORTION REPORTED ON SCHEDULE K PART II IS REFLECTIVE OF ONLY GEORGIAN COURT UNIVERSITY'S PORTION. BOND D - NEW JERSEY EDUCATION FACILITIES AUTHORITY, HIGHER EDUCATION CAPITAL IMPROVEMENT FUND, SERIES 2016 B: PART II, LINE 3: BOND D 2016B IS A POOLED FINANCING BOND. THE PORTION REPORTED ON SCHEDULE K PART II IS REFLECTIVE OF ONLY GEORGIAN COURT UNIVERSITY'S PORTION. ERIN QUINN CRITCHETT BONCZEK SEE PART V 54907 EMPLOYEE COMPENSATION false FORM 990, Schedule L, Part IV ERIN QUINN CRITCHETT BONCZEK IS CURRENTLY AN EMPLOYEE OF THE UNIVERSITY AND A FAMILY MEMBER OF EVELYN SAUL QUINN, SHE IS THE FORMER VP FOR MISSION INTEGRATION. X 1 149198 FMV false true false ORGANIZATION'S MISSION FORM 990, PART I, LINE 1 GEORGIAN COURT OFFERS A COMPREHENSIVE LIBERAL ARTS EDUCATION IN THE ROMAN CATHOLIC TRADITION, WITH A SPECIAL CONCERN FOR WOMEN, AND IS COMMITTED TO ITS CORE VALUES OF JUSTICE, RESPECT, INTEGRITY, SERVICE, AND COMPASSION. FORM 990, PART III, 4A INSTRUCTIONAL DEGREE PROGRAM IN 2019-20, GEORGIAN COURT UNIVERSITY ENROLLED 2,411 STUDENTS IN MORE THAN 36 UNDERGRADUATE AND MORE THAN 13 DISTINCTIVE GRADUATE PROGRAMS THROUGH THE SCHOOL OF BUSINESS AND DIGITAL COMMUNICATION, THE SCHOOL OF EDUCATION, AND THE SCHOOL OF ARTS AND SCIENCES. THE UNIVERSITY'S FASTEST-GROWING AND MOST COMPETITIVE DEGREE PROGRAM, THE BACHELOR OF SCIENCE IN NURSING (BSN), IS TAUGHT IN THE GCU-HACKENSACK MERIDIAN HEALTH SCHOOL OF NURSING, AND BENEFITS FROM ITS PARTNERSHIP WITH HACKENSACK MERIDIAN HEALTH, ONE OF THE LARGEST HEALTHCARE NETWORKS IN NEW JERSEY. RECENT ADDITIONS LIKE GCU'S UNDERGRADUATE DEGREES IN HEALTH SCIENCE AND HEALTH PROFESSIONS REFLECT THE UNIVERSITY'S COMMITMENT TO MEETING MARKETPLACE DEMANDS. SIMILARLY, ON THE GRADUATE LEVEL, THE UNIVERSITY CONTINUES TO MEET THE NEEDS OF WORKING PROFESSIONALS WITH ATTRACTIVE ONLINE PROGRAMS AND SPECIALTY CERTIFICATES IN SUCH FIELDS AS INTEGRATIVE HEALTH, MERCY SPIRITUALITY AND EDUCATIONAL LEADERSHIP. THE 2019-20 ACADEMIC YEAR ALSO MARKED THE ENTRY OF GCU'S FIRST DOCTORAL STUDENTS PURSUING A PSY.D. WITH A CONCENTRATION IN SCHOOL COUNSELING. TWO OTHER ONLINE GRADUATE PROGRAMS WERE DEVELOPED TO MEET THE NEEDS OF PROFESSIONALS IN DIGITAL MARKETING AND IN HIGHER EDUCATION/STUDENT AFFAIRS. OUR HISTORY GEORGIAN COURT, LOCATED IN HISTORIC LAKEWOOD, NEW JERSEY, IS THE ONLY CATHOLIC INSTITUTION OF HIGHER EDUCATION SERVING RESIDENTS THROUGHOUT CENTRAL AND SOUTHERN NEW JERSEY. THE UNIVERSITY HAS HISTORIC ROOTS AS A WOMEN'S COLLEGE, AND SERVED MEN IN EVENING AND GRADUATE COURSES, USUALLY PART-TIME, UNTIL SEPTEMBER 2012. GCU BECAME FULLY COEDUCATIONAL IN SEPTEMBER 2013 WITH THE ADDITION OF MEN IN CAMPUS RESIDENCE HALLS AND THE LAUNCH OF MEN'S ATHLETICS. BY THE 2019-20 ACADEMIC YEAR, GCU'S UNDERGRADUATE POPULATION WAS 70% FEMALE AND 30% MALE WITH MEN PARTICIPATING IN SPORTS, STUDENT GOVERNMENT, CAMPUS MINISTRY, CAMPUS LEADERSHIP, AND RESIDENCE LIFE. GCU PROVIDES ALL STUDENTS WITH A VALUES-BASED LIBERAL ARTS EDUCATION THAT (1) ENHANCES THEIR MARKETABILITY AFTER GRADUATION; (2) EMPHASIZES PURPOSEFUL LEADERSHIP; AND (3) PREPARES THEM TO MAKE MEANINGFUL CONTRIBUTIONS IN THEIR CAREERS, IN COMMUNITIES AND IN THE LIVES OF OTHERS. AT THE SAME TIME, GCU EMPHASIZES THE IMPORTANCE OF FORMATION AND EXPERIENCES THAT HELP STUDENTS BECOME JUST AND COMPASSIONATE MEMBERS OF SOCIETY. IN 2019-20, THE GCU OFFICE OF MISSION INTEGRATION LAUNCHED A SERIES OF COLLOQUIA FOCUSED ON CATHOLIC INTELLECTUAL TRADITION AND THE CONCEPT OF WHOLE PERSONHOOD, BOTH CORNERSTONES FOR GCU'S COMMITMENT TO MISSION. AS A ROMAN CATHOLIC UNIVERSITY, GCU WELCOMES STUDENTS FROM ALL RELIGIOUS, ETHNIC, AND SOCIOECONOMIC BACKGROUNDS. THE ENTIRE GCU COMMUNITY BENEFITS FROM THE UNIVERSITY'S EMBRACE OF ITS MERCY CORE VALUES OF RESPECT, INTEGRITY, JUSTICE, COMPASSION, AND SERVICE. LASER FOCUSED ON DELIVERING AN EXCEPTIONAL, AFFORDABLE EDUCATIONAL EXPERIENCE AND STRONG OUTCOMES, GCU WAS ACKNOWLEDGED DURING THE 2019-20 ACADEMIC YEAR FOR BOTH VALUE AND SOCIAL MOBILITY BY MONEY.COM, U.S. NEWS & WORLD REPORT, AND THE NEW YORK TIMES. THE STUDENT EXPERIENCE GEORGIAN COURT UNIVERSITY EXCELS AT DELIVERING A CURRICULUM THAT IS DESIGNED TO ENGAGE STUDENTS AND ALLOWS FOR PERSONAL AND PROFESSIONAL EXPLORATION IN THEIR COURSEWORK. FOR EXAMPLE, GCU'S 13:1 STUDENT-FACULTY RATIO ALLOWS STUDENTS TO LEARN IN SMALL CLASSES AND ENABLE STUDENTS TO SUCCEED-BEYOND ACADEMICS-BECAUSE OF HIGH-IMPACT LEARNING PRACTICES. ACCORDING TO THE UNIVERSITY'S 2019 REPORT FROM THE NATIONAL SURVEY OF STUDENT ENGAGEMENT (NSSE), 69 PERCENT OF SENIORS HAD PARTICIPATED IN SOME FORM OF INTERNSHIP, CO-OP, FIELD EXPERIENCE, STUDENT TEACHING OR OTHER CLINICAL PLACEMENT. SIMILARLY, 90 PERCENT OF FIRST-YEAR STUDENTS AND 93 PERCENT OF SENIORS SAID AT LEAST SOME OF THEIR COURSES INCLUDED A COMMUNITY-BASED SERVICE LEARNING PROJECT, ONE OF THE HALLMARKS OF GCU'S GENERAL EDUCATION CURRICULUM. NSSE DATA ALSO SHOW THAT STUDENTS GENERALLY RATE THEIR UNIVERSITY EXPERIENCE AS POSITIVE. ABOUT 84 PERCENT OF FIRST-YEAR STUDENTS AND 78 PERCENT OF SENIORS DESCRIBE THEIR ENTIRE EDUCATION EXPERIENCE AT GCU AS 'EXCELLENT'GOOD'. GCU'S EXCEPTIONALLY STRONG OFFICE OF INSTITUTIONAL ASSESSMENT REGULARLY CONDUCTS CAMPUS SURVEYS, AND IN 2019-20 FOUND THAT 516 UNDERGRADUATES INDICATED TWO OF GEORGIAN COURTS TOP THREE STRENGTHS RELATE TO STRONG ACADEMIC PROGRAMS (KNOWLEDGEABLE ACADEMIC ADVISORS AND ACCESSIBLE FACULTY). IN A GRADUATE STUDENT SURVEY, 82 PERCENT SAID TEACHING IN THEIR PROGRAM WAS VERY OR EXTREMELY EFFECTIVE, AND 94 PERCENT SAID THEIR LEARNING EXPERIENCE MET OR EXCEEDED THEIR EXPECTATIONS. GCU'S LEARNING ENVIRONMENT, ITS APPROACHABLE FACULTY AND EXTENSIVE RANGE OF PROGRAMS AIMED AND ENSURING STUDENT SUCCESS ARE ESPECIALLY HELPFUL FOR ADULT LEARNERS (AGES 25 OR OLDER), WHO COMPRISE ABOUT 16 PERCENT OF THE STUDENT POPULATION. SIMILARLY, THE GCU EXPERIENCE MEETS THE NEEDS OF FIRST-GENERATION COLLEGE STUDENTS; 40 PERCENT OF ALL GCU STUDENTS IN 2019-20 WERE FIRST IN THEIR FAMILIES TO ATTEND COLLEGE. GCU STUDENTS ALSO TEND TO COME FROM MODEST FINANCIAL BACKGROUNDS, AS INDICATED BY THE 43 PERCENT OF STUDENTS WHO WERE ELIGIBLE FOR FEDERAL PELL GRANTS. ANOTHER DISTINCTION OF GCUS STUDENT BODY IS THE LARGE NUMBER OF TRANSFER STUDENTS WHO CHOOSE GEORGIAN COURT. IN THE FALL OF 2019, GCU ENROLLED 197 FRESHMEN COMPARED TO 221 NEW TRANSFERS. ACCOLADES GEORGIAN COURT RECEIVED MANY ACCOLADES IN 2019-20, INCLUDING BEING AMONG THE TOP 50 COLLEGES NAMED BY WASHINGTON MONTHLY AS A 'BEST BANG FOR THE BUCK,BEING AMONG THE BEST INSTITUTIONS IN THE NORTHEAST REGION, AS RANKED BY U.S. NEWS & WORLD REPORT. IN FACT, GCU CLIMBED 30 SPOTS IN THE FALL 2019 US NEWS AND WORLD REPORT RANKINGS, A POSITIVE MOVE ATTRIBUTED TO IMPROVED RETENTION AND GRADUATION RATES, AND TO ATTRACTING HIGHER QUALITY STUDENTS, BASED ON SATs and GPAs. FOR FALL 2019, MORE OF GCU'S INCOMING STUDENTS WERE IN THE TOP 25 PERCENT OF THEIR HIGH SCHOOL CLASS. THE UNIVERSITY ALSO MADE THE NATIONAL PHI THETA KAPPA HONOR ROLL IN RECOGNITION OF ITS SUCCESS WITH TRANSFER STUDENTS. GCU WAS ALSO RECOGNIZED BY COLLEGES OF DISTINCTION, ABOUND, STRIVE, AND I'M FIRST-ORGANIZATIONS THAT CELEBRATE AND SUPPORT FIRST-GENERATION COLLEGE STUDENTS. THESE ACHIEVEMENTS POINT TO GCU AS A VALUES-BASED AND VALUE-ADDED INSTITUTION. GROWTH AND ACHIEVEMENT JUST AS THE UNIVERSITY CONTINUES TO GRADUATE HIGH-QUALITY, HIGH-PERFORMING ALUMNI, GCU IS ATTRACTING BETTER PREPARED STUDENTS. FOR EXAMPLE, IN FALL 2019, THE AVERAGE INCOMING FRESHMAN HAD A 3.53 GPA, UP FROM A 3.41 GPA IN 2018. GCU'S GROWTH IS NOT LIMITED TO ITS HISTORIC LAKEWOOD CAMPUS. DURING 2019-20, GCU CONTINUED TO ATTRACT A FULL COHORT OF SOCIAL WORK MAJORS AT THE UNIVERSITY'S CUMBERLAND COUNTY SITE. THE PROGRAM GRADUATED ITS SECOND GROUP OF SOCIAL WORKERS, INCLUDING SEVERAL WHO ENTERED GRADUATE SCHOOL WITH ADVANCED STANDING AS THEY BEGAN WORK TOWARD THEIR M.S.W. DEGREES. THE UNIVERSITY'S GRADUATE PROGRAMS CONTINUED TO THRIVE AT VARIOUS LOCATIONS ACROSS SIX NEW JERSEY COUNTIES AS STUDENTS ENROLLED IN EDUCATION MASTER'S DEGREE CLASSES TAUGHT OFFSITE AND ONLINE. GCU'S 100 PERCENT ONLINE GRADUATE PROGRAM IN INTEGRATIVE HEALTH ALSO CONTINUED TO ENROLL STUDENTS NATIONWIDE. GRANTS FOR TRADITIONAL UNDERGRADUATES, FEDERAL PROGRAMS LIKE GCU'S $1.4 MILLION TRIO-SSS GRANT FROM THE U.S. DEPARTMENT OF EDUCATION ARE AMONG THE MANY EXAMPLES OF WAYS GCU SUPPORTS ITS STUDENTS. TRIO-SSS, WHICH HAS BEEN ON GCU'S CAMPUS FOR MORE THAN 30 YEARS, OFFERS ACADEMIC TUTORING, PERSONAL COUNSELING, MENTORING, FINANCIAL GUIDANCE, AND OTHER SERVICES, TO HELP UPWARD OF 160 STUDENTS EACH YEAR. THE 2019-20 YEAR ALSO MARKED YEAR 4 OF GCU'S GRANT SUPPORTING CHART THE COURSE, AN INTENSIVE RETENTION EFFORT FOR ALL FIRST-YEAR STUDENTS WHO RISK NOT COMPLETING 30 CREDITS BY THE END OF THEIR FRESHMAN YEAR. THE PROGRAM IS A FIVE-YEAR EFFORT WITH $2.14 MILLION IN GRANT FUNDING. IN ADDITION, GCU WON RENEWAL OF A GRANT UNDERWRITTEN BY THE U.S. OFFICE ON VIOLENCE AGAINST WOMEN. GCU'S SEXUAL ASSAULT PREVENTION CAMPUS GRANT SUPPORTS TRAINING AND AWARENESS AND PREVENTION. 2019 ALSO MARKED THE LAUNCH OF PATHWAY TO CAREER SUCCESS FOR SOPHOMORES, A GRANT-FUNDED EFFORT THAT PROVIDES CRITICAL CAREER SERVICES TO AT-RISK, UNDERSERVED SOPHOMORE STUDENTS. FUNDED BY TD BANK ($15,000), THE PROGRAM INCLUDES A STRONG MENTORING COMPONENT, EMPHASIZES DEGREE COMPLETION AND KEEPS STUDENTS ON TRACK TO REALIZE THEIR CAREER GOALS. GCU TAKES SERIOUSLY ITS COMMITMENT TO STUDENTS AND WORKS HARD TO HELP THEM RETAIN. THE FALL TO SPRING RETENTION RATE FOR FRESHMEN IN 2019-20 WAS 89 PERCENT; ABOUT 79 PERCENT RETURNED FOR THEIR SOPHOMORE YEAR. THESE EFFORTS TO STRENGTHEN RETENTION REFLECT THE UNIVERSITY'S ONGOING COMMITMENT TO ACCESSIBILITY, AFFORDABILITY, ACCOUNTABILITY AND ITS CORE VALUES. COMMITMENT TO CORE VALUES THROUGH SERVICE SERVICE, ONE OF THOSE CORE VALUES, IS EMBEDDED IN EXPERIENCES THROUGHOUT THE CURRICULUM AND STUDENT LIFE. THE 2019-20 YEAR BROUGHT REPEAT HONORS FROM THE NCAA TEAM WORKS 'HELPER HELPER' COMPETITION AS GCU ATHLETES PLACED NATIONALLY FOR THEIR WORK IN THE COMMUNITY. SOME OF THE ORGANIZATIONS BENEFITING FROM GCU SERVICE PROJECTS INCLUDE UNIFIED SPORTS (FORMERLY SPECIAL OLYMPICS), PROVIDENCE HOUSE WOMENS SHELTER, OCEAN COUNTY FOOD BANK, MAKE-A-WISH FOUNDATION, AND THE SOCIETY OF ST. VINCENT DE PAUL. ANOTHER STANDOUT SERVICE EXPERIENCE FOR STUDENT LEADERS WAS THE SECOND YEAR OF SUPPORT OF TEDDY BEARS FOR TYKES. DURING GCU'S ANNUAL SERVANT LEADERSHIP SUMMIT, PARTICIPATING STUDENTS STUFFED TOY ANIMALS AND DONATED MORE THAN 250 ITEMS TO THE LAKEWOOD POLICE AND HOWELL POLICE-TWO LOCAL MUNICIPAL ORGANIZATIONS. OFFICERS USE THE TOYS TO DIFFUSE DOMESTIC ABUSE SITUATIONS WHERE YOUNG CHILDREN MAY BE PRESENT. OVERALL, STUDENT VOLUNTEERS PROVIDED ASSISTANCE TO ORGANIZATIONS SUPPORTING NEEDY CHILDREN AND FAMILIES, AS WELL AS OTHER COMMUNITY OUTREACH GROUPS. SIMILARLY, STUDENT VOLUNTEERS GUIDED BY THE OFFICE OF MISSION INTEGRATION COMPLETED CATHOLIC RELIEF SERVICES STUDENT AMBASSADOR TRAINING ANOTHER OPPORTUNITY TO ENGAGE IN SOCIAL JUSTICE ISSUES. TWO STUDENTS JOINED NEW JERSEY STATE SENATE STAFF IN EFFORTS TO RESTORE FEDERAL BUDGET FUNDING FOR FOREIGN HUMANITARIAN AID. SOCIAL WORK AND INTEGRATIVE HEALTH STUDENTS ALSO STRENGTHENED ON-CAMPUS OUTREACH THROUGH THE GCU FOOD PANTRY BY SERVING 129 STUDENTS - 37 IN THE FALL SEMESTER AND 92 IN THE SPRING, REFLECTING THE INCREASE IN NEED FOR ASSISTANCE BECAUSE OF COVID-19. THE FOOD PANTRY ALSO ASSISTED STUDENTS ENROLLED IN GCU ACADEMIC PROGRAMS THAT INVESTIGATE FOOD INSECURITY AMONG COLLEGE STUDENTS AND OFFERED OPPORTUNITIES FOR SERVICE PROJECTS, SUCH AS FOOD DRIVES. GCU'S OFFICE OF GLOBAL EDUCATION ALSO DELIVERED MEMORABLE EXPERIENTIAL OPPORTUNITIES AS WELL, WITH STUDENTS TRAVELING TO PLACES LIKE SWITZERLAND, PERU, COSTA RICA, AND ITALY. EDUCATION MAJORS SPENT SEVERAL WEEKS IN SOUTH AFRICA WHERE THEY ASSISTED IN VILLAGE SCHOOLS AND STUDIED ELEMENTARY EDUCATION ALONGSIDE LOCAL PROFESSIONALS. STUDENT NEED AT GCU IN 2019-20, ABOUT 99 PERCENT OF FULL-TIME FIRST-YEAR STUDENTS RECEIVED FINANCIAL AID, WITH AN AVERAGE PACKAGE OF $32,196. OVERALL, 706 STUDENTS WERE AWARDED ABOUT $3.2 MILLION IN PELL GRANT FUNDING. IN ADDITION, THE GENEROSITY OF INDIVIDUALS AND FOUNDATION DONORS PROVIDES FOR MANY SCHOLARSHIPS. IN ADDITION, THE UNIVERSITY FUNDS NEARLY $20 MILLION IN INSTITUTIONAL AID EACH YEAR. FORM 990, PART III, 4C STUDENT ATHLETES & PROGRAMS AS A MEMBER OF THE CENTRAL ATHLETIC COLLEGIATE CONFERENCE, GCU HAD 298 ATHLETES PARTICIPATING IN NCAA DIVISION II SPORTS, UP FROM 287 THE PREVIOUS YEAR. PROGRAMS ATTRACTED HIGH-ACHIEVING SCHOLAR-ATHLETES IN BASKETBALL, CROSS COUNTRY, LACROSSE, SOCCER, SOFTBALL, VOLLEYBALL, AND BOTH INDOOR AND OUTDOOR TRACK & FIELD. FRESHMEN ATHLETES AT GCU COME TO COLLEGE WELL-PREPARED: THE AVERAGE GPA IN FALL 2019 FOR INCOMING FRESHMEN ATHLETES WAS 3.49, UP FROM 3.4 IN FALL 2018. STUDENT-ATHLETES ALSO GRADUATE AT RATES HIGHER THAN THE NATIONAL AVERAGE; AT GCU, THE SIX-YEAR GRADUATION RATE FOR ALL ATHLETES ON SCHOLARSHIPS IS 79 PERCENT. FORM 990, PART VI, SECTION A, LINE 7 IN APRIL 2006, THE SISTERS OF MERCY OF THE REGIONAL COMMUNITY OF NEW JERSEY TRANSFERRED THE SPONSORSHIP OF GEORGIAN COURT TO THE CONFERENCE FOR MERCY HIGHER EDUCATION (CMHE). CMHE COORDINATES COLLABORATION AMONG THE 16 MERCY COLLEGES AND UNIVERSITIES THROUGHOUT THE COUNTRY ON BEHALF OF THE INSTITUTE OF THE SISTERS OF MERCY OF THE AMERICAS. GEORGIAN COURT UNIVERSITY HAS A TWO-TIERED GOVERNANCE STRUCTURE, THE FIRST TIER CONSISTING OF CMHE (AS THE UNIVERSITY'S SOLE MEMBER) AND THE SECOND BEING THE DULY ELECTED BOARD OF TRUSTEES, WHICH INCLUDES THE PRESIDENT OF THE UNIVERSITY AS AN EX-OFFICIO MEMBER. CONTROL OF THE UNIVERSITY AND ITS AFFAIRS AND PROPERTY IS VESTED IN THE BOARD OF TRUSTEES PURSUANT TO THE UNIVERSITY'S BY-LAWS, SUBJECT TO THE POWERS RESERVED TO CMHE, INCLUDING AMONG OTHERS, THE POWER TO ESTABLISH THE PHILOSOPHY AND MISSION OF THE UNIVERSITY, ELECT OR REMOVE WITH OR WITHOUT CAUSE THE UNIVERSITY PRESIDENT AND MEMBERS OF THE BOARD OF TRUSTEES, APPROVE EXPENDITURES THAT ARE IN EXCESS OF A LEVEL REQUIRING APPROVAL OF THE HOLY SEE AND MERGE, CONSOLIDATE, DISSOLVE, OR CHANGE THE CORPORATE STRUCTURE OF THE UNIVERSITY. EXCEPT TO THE EXTENT RESERVED TO CMHE, THE BOARD OF TRUSTEES IS EMPOWERED TO MANAGE THE PROPERTY AND BUSINESS OF THE UNIVERSITY, INCLUDING WITHIN SUCH AUTHORITY, THE POWER TO DELEGATE SUCH RESPONSIBILITIES AND DUTIES TO THE OFFICERS OF GEORGIAN COURT UNIVERSITY AS THE BOARD OF TRUSTEES DEEMS APPROPRIATE. FORM 990, PART VI, SECTION B, LINE 11B THE UNIVERSITY'S FORM 990 WAS PREPARED BY AN INTERNATIONAL PUBLIC ACCOUNTING FIRM IN CONJUNCTION WITH THE UNIVERSITY'S FINANCIAL DEPARTMENT. A DRAFT IS PREPARED AND DISTRIBUTED TO THE FULL AUDIT COMMITTEE FOR REVIEW. THE AUDIT COMMITTEE RECOMMENDS AND APPROVES FOR RELEASE THE FORM 990. THE FORM 990 AS ULTIMATELY FILED WITH THE IRS IS DISTRIBUTED TO THE FULL BOARD. FORM 990, PART VI, SECTION B, LINE 12 EACH TRUSTEE, OFFICER, AND KEY EMPLOYEE OF THE UNIVERSITY IS REQUIRED TO ANNUALLY DISCLOSE ANY CONFLICTS OF INTEREST THAT ARISE BY VIRTUE OF THEIR EMPLOYMENT, BOARD SERVICE, FAMILY OR BUSINESS RELATIONSHIPS, OR POSITION WITH THE UNIVERSITY. THE UNIVERSITY MONITORS COMPLIANCE WITH ITS CONFLICT OF INTEREST POLICY THROUGH A CONFLICT OF INTEREST STATEMENT THAT IS COMPLETED BY EACH BOARD MEMBER AT THE ANNUAL JUNE MEETING. THESE ARE REVIEWED BY THE EXECUTIVE COMMITTEE OF THE BOARD. IN ADDITION TO BOARD MEMBERS, EXECUTIVE LEVEL AND FINANCE STAFF, ALL THOSE IN POSITIONS IDENTIFIED BY FUNCTION TO HAVE POSSIBLE INFLUENCE WITH CONTRACT, FINANCIAL TRANSACTIONS OR SYSTEMS WITHIN THE UNIVERSITY, COMPLETE THE QUESTIONNAIRE ANNUALLY. THESE ARE REVIEWED BY THE CHIEF FINANCIAL OFFICER AND DIRECTOR OF HUMAN RESOURCES. ANY DISCLOSED RELATIONSHIPS ARE COMMUNICATED TO THE CONTROLLER FOR THE PURPOSE OF AUDIT, INTERNAL CONTROLS AND COMPLETING THE FORM 990. POTENTIAL CONFLICTS ARE INVESTIGATED IMMEDIATELY. FORM 990, PART VI, SECTION B, LINE 15 THE UNIVERSITY UNDERTAKES A THOROUGH PROCESS TO ENSURE THAT THE EXECUTIVE COMPENSATION IT PAYS TO ITS TOP MANAGEMENT OFFICIAL AND ALL OF ITS OFFICERS AND KEY EMPLOYEES OF ORGANIZATION IS REASONABLE GIVEN THE MARKET IN WHICH THE UNIVERSITY OPERATES. CEO COMPENSATION: THE EXECUTIVE COMMITTEE OF THE BOARD, REVIEWS THE COMPENSATION PACKAGE OF THE PRESIDENT ANNUALLY AT ITS JUNE MEETING. COMPENSATION LEVEL IS DECIDED UPON UTILIZING COMPARATIVE DATA RECEIVED FROM THE HUMAN RESOURCE DEPARTMENT. OFFICER POSITIONS ARE ASSIGNED A SALARY RANGE ESTABLISHED BY A COMPENSATION STUDY DONE BY AN OUTSIDE FIRM AND THE EXECUTIVE COMMITTEE OF THE BOARD ALSO REVIEWS THE COMPENSATION FOR THESE EMPLOYEES WHO ARE CONSIDERED HIGHEST-PAID EMPLOYEES. THE OFFICERS RESIDE ON THE PRESIDENT'S ADMINISTRATIVE TEAM, CATEGORIZED AS THE EXECUTIVE LEVEL OF THE UNIVERSITY. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FINANCIAL STATEMENTS ARE LISTED WITH BOND REPORTING AGENCIES. FORM 990, PART VII THE SISTERS OF MERCY FILL VARIOUS ROLES WITHIN THE UNIVERSITY. SOME POSITIONS, WHICH WOULD OTHERWISE BE FILLED WITH LAY PERSONS, ARE ASSIGNED A VALUE FOR COMPENSATION AND PAYMENTS FOR THESE SERVICES ARE MADE TO THE SISTERS OF MERCY. THIS COMPENSATION IS NOT TREATED AS TAXABLE INCOME TO THE SISTERS SINCE THEY ARE MEMBERS OF A RELIGIOUS ORDER. THEREFORE, SISTERS WHO PROVIDED SERVICES TO THE UNIVERSITY ARE DEEMED TO BE AN INDEPENDENT MEMBERS OF THE GOVERNING BODY FOR PURPOSES OF PART VII OF THE FORM 990. Form 990, Part XI, Line 9 Change in split interest agreement $49,688 Conference for Mercy Higher Education 8630 Fenton Street 934 Silver Spring MD 20190 431973007 Sponsorship MD 501(c)(3) 1 NA false Paul Delaurentis Perpetual Scholarship 400 Locust Street Lakewood NJ 08701 237814490 TRUST NJ Trust 9500 238437 1.00000 true Peter Delaurentis Perpetual Scholarship 400 Locust Street Lakewood NJ 08701 226640205 Trust NJ Trust 18000 392870 1.00000 true false true false false false false false false false false false false true false false false true false true