SACRED HEART UNIVERSITY: Form 990, tax year 2019
View the entire original 990 at ProPublica ↗
- Organization
- SACRED HEART UNIVERSITY (EIN 06-0776644)
- Tax period
- 2019-07-01 to 2020-06-30
- Filed
- 2021-05-14
- IRS object ID
- 202131349349305293
- Schema version
- 2019v5.2
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule C
- Schedule D
- Schedule E
- Schedule F
- Schedule G
- Schedule I
- Schedule J
- Schedule K
- Schedule M
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2021-05-14T14:20:40-05:00 | ReturnTs |
| Tax Period End | 2020-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 221478099 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | COHNREZNICK LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 350 CHURCH STREET 12TH FLOOR | AddressLine1Txt |
| City | HARTFORD | CityNm |
| State Abbreviation | CT | StateAbbreviationCd |
| ZIP | 06103 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2019-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 060776644 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SACRED HEART UNIVERSITY INCORPORATED | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | SACR | BusinessNameControlTxt |
| Phone | 2033717872 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 5151 PARK AVENUE | AddressLine1Txt |
| City | FAIRFIELD | CityNm |
| State Abbreviation | CT | StateAbbreviationCd |
| ZIP | 06825 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | PHILIP J MCCABE | PersonNm |
| Person Title | SR. VP FOR FINANCE | PersonTitleTxt |
| Phone | 2033717872 | PhoneNum |
| Signature | 2021-05-14 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | LORI ROTHE YOKOBOSKY CPA | PreparerPersonNm |
| PTIN | P01273422 | PTIN |
| Phone | 9592007000 | PhoneNum |
| Preparation | 2021-05-14 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2019 | TaxYr |
| Build TS | 2022-09-23 18:48:47Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | JOHN PETILLO | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 5151 PARK AVENUE | AddressLine1Txt |
| City | FAIRFIELD | CityNm |
| State Abbreviation | CT | StateAbbreviationCd |
| ZIP | 06825 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $426,940,852 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.SACREDHEART.EDU | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1963 | FormationYr |
| Legal Domicile State | CT | LegalDomicileStateCd |
| Activity Or Mission | THE UNIVERSITY IS A CO-EDUCATIONAL INSTITUTION OF HIGHER LEARNING OFFERING UNDERGRADUATE, GRADUATE AND DOCTORAL DEGREES, AS WELL AS CONTINUING EDUCATION IN A VARIETY OF DISCIPLINES, WITH A COMMITMENT TO LEADERSHIP IN CATHOLIC HIGHER EDUCATION. | ActivityOrMissionDesc |
| Voting Members Governing Body | 26 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 25 | VotingMembersIndependentCnt |
| Total Employee | 5054 | TotalEmployeeCnt |
| Total Volunteers | 150 | TotalVolunteersCnt |
| Total Gross UBI | $3,232,258 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $15,132,649 | PYContributionsGrantsAmt |
| CY Contributions Grants | $17,624,249 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $337,372,275 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $353,026,896 | CYProgramServiceRevenueAmt |
| PY Investment Income | $5,523,824 | PYInvestmentIncomeAmt |
| CY Investment Income | $7,791,669 | CYInvestmentIncomeAmt |
| PY Other Revenue | -$87,312 | PYOtherRevenueAmt |
| CY Other Revenue | -$84,291 | CYOtherRevenueAmt |
| PY Total Revenue | $357,941,436 | PYTotalRevenueAmt |
| CY Total Revenue | $378,358,523 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $84,286,978 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $93,411,989 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $117,437,454 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $123,404,401 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $409,643 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $263,672 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $2,836,759 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $111,474,250 | PYOtherExpensesAmt |
| CY Other Expenses | $110,256,854 | CYOtherExpensesAmt |
| PY Total Expenses | $313,608,325 | PYTotalExpensesAmt |
| CY Total Expenses | $327,336,916 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $44,333,111 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $51,021,607 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $786,967,148 | TotalAssetsBOYAmt |
| Total Assets EOY | $899,337,453 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $330,479,883 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $392,507,360 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $456,487,265 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $506,830,093 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | AT SACRED HEART UNIVERSITY, WE NOT ONLY PREPARE STUDENTS FOR THE FUTURE, BUT ALSO GIVE THEM A DEEPER APPRECIATION OF WHO THEY ARE AND ALL THEY CAN BE. THROUGH OUR DISTINCTIVE MISSION AND COMMITMENT TO LEADERSHIP IN CATHOLIC HIGHER EDUCATION, WE HELP STUDENTS HELP OTHERS AND, TOGETHER, WE MAKE A DIFFERENCE IN THE WORLD. THE SHU MISSION: THE PURSUIT OF TRUTH AND KNOWLEDGE AS INTRINSICALLY VALUABLE; COMMITMENT TO EXCELLENCE IN ALL THAT WE DO; RESPONSIBILITY FOR THE COMMON GOOD OF SOCIETY; RECOGNITION OF THE DIGNITY AND WORTH OF EVERY HUMAN BEING; PRESERVATION, TRANSMISSION AND DEVELOPMENT OF THE LIBERAL ARTS AND CATHOLIC INTELLECTUAL TRADITIONS. OUR VISION IS TO SHAPE GRADUATES KNOWLEDGEABLE OF SELF, ROOTED IN FAITH, EDUCATED IN MIND, COMPASSIONATE IN HEART, RESPONSIVE TO SOCIAL AND CIVIC OBLIGATIONS AND ABLE TO RESPOND TO AN EVER-CHANGING WORLD. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $99,263,884 | ExpenseAmt |
| Revenue | $306,838,325 | RevenueAmt |
| Desc | SACRED HEART CONTINUES TO OFFER A WIDE RANGE OF UNDERGRADUATE AND GRADUATE PROGRAMS. REGARDLESS OF WHAT UNDERGRADUATE PROGRAM OR GRADUATE PROGRAMS ARE CHOSEN, OUR FOCUS ON ACADEMIC OPPORTUNITIES - ROOTED IN THE CATHOLIC INTELLECTUAL TRADITIONS AND THE PRINCIPLES OF ENGAGED LEARNING - CREATES AN ABSORBING, CUSTOMIZED EDUCATIONAL EXPERIENCE FOR EACH STUDENT. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $93,411,989 | ExpenseAmt |
| Grant | $93,411,989 | GrantAmt |
| Desc | SACRED HEART UNIVERSITY'S STUDENT FINANCIAL ASSISTANCE OFFICE IS COMMITTED TO HELPING STUDENTS AND THEIR FAMILIES FIND THE MOST AFFORDABLE OPTIONS AVAILABLE FOR ATTENDING COLLEGE. FOR FULL-TIME UNDERGRADUATE STUDENTS, THERE ARE BASICALLY TWO TYPES OF FINANCIAL ASSISTANCE: FIRST, TRADITIONAL MERIT OR NEED-BASED AID; AND SECOND, A RANGE OF OTHER OPTIONS OPEN TO STUDENTS AND THEIR FAMILIES WHETHER THEY QUALIFY FOR TRADITIONAL AID OR NOT. SEVERAL FINANCIAL ASSISTANCE OPTIONS ARE ALSO AVAILABLE TO QUALIFIED PART-TIME UNDERGRADUATE STUDENTS AND GRADUATE STUDENTS. | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $49,651,169 | ExpenseAmt |
| Revenue | $2,240,696 | RevenueAmt |
| Desc | SACRED HEART UNIVERSITY IS COMMITTED TO SERVING THE NEEDS OF ITS DIVERSE STUDENT POPULATION BY OFFERING AN ARRAY OF SERVICES DESIGNED TO ENSURE STUDENT SUCCESS. THESE SERVICES, PROVIDED THROUGH ACADEMIC ADVISING, STUDENT LIFE, CAREER SERVICES, JANDRESEVITS LEARNING CENTER, THE OFFICE OF SPECIAL SERVICES, AND THE WELLNESS CENTER, AIM TO SERVE STUDENT IN A MANNER THAT IS CONSISTENT WITH THE MISSION. THE UNIVERSITY ALSO PROMOTES ACTIVE ENGAGED LEARNING OUTSIDE OF THE CLASSROOM. OUR ATHLETICS PROGRAMS ARE ABOUT MORE THAN JUST COMPETITION AND WINNING, THEY ARE BUILT ON LONGSTANDING TRADITION OF HELPING OUR STUDENT ATHLETES REALIZE THEIR POTENTIAL, STRENGTHEN THEIR CHARACTER, AND EMPOWER THEIR MIND WHILE DEVELOPING SELF-CONFIDENCE AND VALUABLE LEADERSHIP SKILLS. | Desc |
Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $43,359,549 | ExpenseAmt |
| Revenue | $40,724,610 | RevenueAmt |
| Desc | OTHER GENERAL AND AUXILIARY SERVICES | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Prog Srvc Expense | $43,359,549 | TotalOtherProgSrvcExpenseAmt |
| Total Other Prog Srvc Revenue | $40,724,610 | TotalOtherProgSrvcRevenueAmt |
| Total Program Service Expenses | $285,686,591 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | Yes (1) | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | Yes (1) | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | Yes (1) | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | 0 | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (1) | ConsolidatedAuditFinclStmtInd |
| School Operating | Yes (1) | SchoolOperatingInd |
| Foreign Office | Yes (1) | ForeignOfficeInd |
| Foreign Activities | Yes (1) | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | Yes (1) | MoreThan5000KToIndividualsInd |
| Professional Fundraising | Yes (1) | ProfessionalFundraisingInd |
| Fundraising Activities | Yes (1) | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (1) | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | Yes (1) | TaxExemptBondsInd |
| Invest Tax Exempt Bonds | 0 | InvestTaxExemptBondsInd |
| Escrow Account | 0 | EscrowAccountInd |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuerInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | Yes (1) | DeductibleNonCashContriInd |
| Deductible Art Contribution | Yes (1) | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | Yes (1) | DisregardedEntityInd |
| Related Entity | 0 | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 13217 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 5054 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (1) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (1) | Form990TFiledInd |
| Foreign Financial Account | Yes (1) | ForeignFinancialAccountInd |
| Foreign Country | EI | ForeignCountryCd |
| Foreign Country | LU | ForeignCountryCd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | Yes (1) | QuidProQuoContributionsInd |
| Quid Pro Quo Contri Discl | Yes (1) | QuidProQuoContriDisclInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 26 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 25 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | Yes (1) | LocalChaptersInd |
| Policies Reference Chapters | Yes (1) | PoliciesReferenceChaptersInd |
| Form990 Provided To Gvrn Body | 0 | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PHILIP J MCCABE | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 2033717872 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 5151 PARK AVENUE | AddressLine1Txt |
| City | FAIRFIELD | CityNm |
| State Abbreviation | CT | StateAbbreviationCd |
| ZIP | 06825 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (38 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | OfficerOfficerInd | Key EmployeeKeyEmployeeInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|---|
| NORBERT BECKER | ||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| MARY-ANN BUNTING | ||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| KATIE BURKE | ||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| PATRICK J CAROLAN MD | ||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| SUSAN DAVIS RN EDD FACHE | ||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| CHARLES V FIRLOTTE | ||||||||
| VICE CHAIRMAN | 1.00 | Yes (X) | $0 | $0 | $0 | Yes (X) | ||
| SUZANNE GRECO | ||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| DOUGLAS L KENNEDY | ||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| GARY J LEVIN | ||||||||
| SECRETARY | 1.00 | Yes (X) | $0 | $0 | $0 | Yes (X) | ||
| VINCENT MAFFEO JD | ||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| PATRICK G MAGGITTI PHD | ||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| FRANK R MARTIRE | ||||||||
| CHAIRMAN | 1.00 | Yes (X) | $0 | $0 | $0 | Yes (X) | ||
| DANIEL J MCCARTHY | ||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| CHRISTOPHER K MCLEOD | ||||||||
| TREASURER | 1.00 | Yes (X) | $0 | $0 | $0 | Yes (X) | ||
| MSGR ROBERT S MEYER | ||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| WILLIAM E MITCHELL | ||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| JAMES T MORLEY JR | ||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| JOHN J PETILLO | ||||||||
| PRESIDENT | 35.00 | Yes (X) | $935,357 | $0 | $232,201 | Yes (X) | ||
| RICHARD M SCHAEFFER | ||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| KENNETH S SIEGEL JD | ||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| PABLO STALMAN | ||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| JOHN VAZQUEZ | ||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| KEITH HOVAN | ||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| PAMELA MILLER | ||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| LYNN SERPICO | ||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| DANIEL THOMAS | ||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| MICHAEL J KINNEY | ||||||||
| SR. VP FOR FINANCE | 35.00 | $766,319 | $0 | $54,427 | Yes (X) | |||
| MICHAEL LAROBINA ESQ | ||||||||
| GENERAL COUNSEL | 35.00 | $265,209 | $0 | $26,086 | Yes (X) | |||
| RUPENDRA PALIWAL | ||||||||
| PROVOST & VICE PRESIDENT F | 35.00 | $361,834 | $0 | $36,734 | Yes (X) | |||
| PHILIP J MCCABE | ||||||||
| SR. VP FOR FINANCE AS OF 5/20 | 35.00 | $232,137 | $0 | $23,621 | Yes (X) | |||
| JAMES BARQUINERO | ||||||||
| SR. VICE PRESIDENT | 35.00 | $343,209 | $0 | $58,507 | Yes (X) | |||
| ROBERT M HARDY | ||||||||
| VICE PRESIDENT | 35.00 | $265,672 | $0 | $23,230 | Yes (X) | |||
| DAVID COPPOLA | ||||||||
| SR. VP ADMIN & PLANNING | 35.00 | $308,168 | $0 | $49,689 | Yes (X) | |||
| JOHN CHALYKOFF | ||||||||
| DEAN | 35.00 | $371,207 | $0 | $21,448 | Yes (X) | |||
| ROBERT J VALENTINE | ||||||||
| EXECUTIVE DIRECTOR OF ATHL | 35.00 | $303,390 | $0 | $19,712 | Yes (X) | |||
| PATRICIA WALKER | ||||||||
| DEAN | 35.00 | $238,920 | $0 | $35,552 | Yes (X) | |||
| WILLIAM REIDY | ||||||||
| VICE PRESIDENT | 35.00 | $233,028 | $0 | $50,183 | Yes (X) | |||
| ROBIN CAUTIN | ||||||||
| DEAN | 35.00 | $236,085 | $0 | $15,137 | Yes (X) | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $4,860,535 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $646,527 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 200 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| CHARTWELL'S HIGHER EDUCATION CO BOA | |||||
| PO BOX 91337 | CHICAGO | IL | 606931853 | FOOD SERVICES | $15,285,526 |
| WILEY EDU LLC | |||||
| 851 TRAFALGAR COURT SUITE 420 | ORLANDO | FL | 32751 | ONLINE EDUCATION SERVICES | $4,214,621 |
| SOUTHEAST SERVICE CORPORATION | |||||
| 2400 YORKMONT ROAD | CHARLOTTE | NC | 28217 | JANITORIAL SERVICES | $4,206,397 |
| S-L-A-M COLLABORATIVE INC | |||||
| 80 GLASTONBURY BLVD | GLASTONBURY | CT | 06033 | ARCHITECTURAL SERVICES | $2,738,784 |
| JOHNSON LAFFEN GALLOWAY ARCHITECTS LTD | |||||
| 583 SOUTH STREET | GRAND FORKS | ND | 06051 | ARCHITECTURAL SERVICES | $2,262,899 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 97 | CntrctRcvdGreaterThan100KCnt |
| Fundraising | $1,413,038 | FundraisingAmt |
| Government Grants | $5,602,873 | GovernmentGrantsAmt |
| All Other Contributions | $10,608,338 | AllOtherContributionsAmt |
| Noncash Contributions | $632,264 | NoncashContributionsAmt |
| Total Contributions | $17,624,249 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (4 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt | Unrelated Business RevenueUnrelatedBusinessRevenueAmt |
|---|---|---|---|---|
| TUITION AND FEES | 611310 | $306,838,326 | $306,838,326 | |
| AUXILIARY ACTIVITIES | 611310 | $39,388,496 | $39,191,231 | $197,265 |
| OTHER INCOME | 900099 | $5,622,916 | $2,596,916 | $3,026,000 |
| PITT CENTER & ATHLETIC | 611310 | $1,177,158 | $1,177,158 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $353,026,896 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $5,322,689 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | $8,993 | UnrelatedBusinessRevenueAmt |
| Exclusion | $5,313,696 | ExclusionAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $211,999 | RealAmt |
Less Rental Expenses LessRentalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $114,775 | RealAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $97,224 | RealAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $97,224 | TotalRevenueColumnAmt |
| Exclusion | $97,224 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $44,399,500 | SecuritiesAmt |
| Other | $6,041,842 | OtherAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $43,514,877 | SecuritiesAmt |
| Other | $4,457,485 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $884,623 | SecuritiesAmt |
| Other | $1,584,357 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $2,468,980 | TotalRevenueColumnAmt |
| Exclusion | $2,468,980 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fundraising Gross Income | $313,677 | FundraisingGrossIncomeAmt |
| Contri Rpt Fundraising Event | $1,413,038 | ContriRptFundraisingEventAmt |
| Fundraising Direct Expenses | $495,192 | FundraisingDirectExpensesAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$181,515 | TotalRevenueColumnAmt |
| Exclusion | -$181,515 | ExclusionAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $378,358,523 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $349,803,631 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $3,232,258 | UnrelatedBusinessRevenueAmt |
| Exclusion | $7,698,385 | ExclusionAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $93,369,302 | TotalAmt |
| Program Services | $93,369,302 | ProgramServicesAmt |
Foreign Grants ForeignGrantsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $42,687 | TotalAmt |
| Program Services | $42,687 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,746,891 | TotalAmt |
| Program Services | $423,280 | ProgramServicesAmt |
| Management And General | $3,323,611 | ManagementAndGeneralAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $93,637,384 | TotalAmt |
| Program Services | $80,924,746 | ProgramServicesAmt |
| Management And General | $11,156,799 | ManagementAndGeneralAmt |
| Fundraising | $1,555,839 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,718,062 | TotalAmt |
| Program Services | $4,237,122 | ProgramServicesAmt |
| Management And General | $401,682 | ManagementAndGeneralAmt |
| Fundraising | $79,258 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $14,975,399 | TotalAmt |
| Program Services | $11,711,561 | ProgramServicesAmt |
| Management And General | $3,078,913 | ManagementAndGeneralAmt |
| Fundraising | $184,925 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,326,665 | TotalAmt |
| Program Services | $5,942,390 | ProgramServicesAmt |
| Management And General | $273,855 | ManagementAndGeneralAmt |
| Fundraising | $110,420 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,820,955 | TotalAmt |
| Program Services | $40,424 | ProgramServicesAmt |
| Management And General | $1,780,531 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $258,432 | TotalAmt |
| Program Services | $13,507 | ProgramServicesAmt |
| Management And General | $244,925 | ManagementAndGeneralAmt |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $263,672 | TotalAmt |
| Fundraising | $263,672 | FundraisingAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $473,737 | TotalAmt |
| Management And General | $473,737 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $22,157,763 | TotalAmt |
| Program Services | $19,104,052 | ProgramServicesAmt |
| Management And General | $2,917,173 | ManagementAndGeneralAmt |
| Fundraising | $136,538 | FundraisingAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,146,341 | TotalAmt |
| Program Services | $220,540 | ProgramServicesAmt |
| Management And General | $925,105 | ManagementAndGeneralAmt |
| Fundraising | $696 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,439,069 | TotalAmt |
| Program Services | $4,170,630 | ProgramServicesAmt |
| Management And General | $1,174,865 | ManagementAndGeneralAmt |
| Fundraising | $93,574 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,124,656 | TotalAmt |
| Program Services | $1,033,098 | ProgramServicesAmt |
| Management And General | $1,087,584 | ManagementAndGeneralAmt |
| Fundraising | $3,974 | FundraisingAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $12,532,828 | TotalAmt |
| Program Services | $11,043,234 | ProgramServicesAmt |
| Management And General | $1,458,474 | ManagementAndGeneralAmt |
| Fundraising | $31,120 | FundraisingAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,386,981 | TotalAmt |
| Program Services | $5,990,501 | ProgramServicesAmt |
| Management And General | $295,991 | ManagementAndGeneralAmt |
| Fundraising | $100,489 | FundraisingAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $370,903 | TotalAmt |
| Program Services | $321,676 | ProgramServicesAmt |
| Management And General | $46,632 | ManagementAndGeneralAmt |
| Fundraising | $2,595 | FundraisingAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $8,778,488 | TotalAmt |
| Program Services | $8,040,091 | ProgramServicesAmt |
| Management And General | $738,397 | ManagementAndGeneralAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $18,940,206 | TotalAmt |
| Program Services | $16,101,522 | ProgramServicesAmt |
| Management And General | $2,838,684 | ManagementAndGeneralAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,961,906 | TotalAmt |
| Program Services | $587,617 | ProgramServicesAmt |
| Management And General | $2,374,289 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| CONTRACT SERVICES | $15,315,955 | $12,704,607 | $2,611,348 | |
| MINOR EQUIPMENT, FURNIT | $2,721,251 | $2,541,841 | $177,504 | $1,906 |
| REPAIRS AND MAINTENANCE | $2,201,110 | $1,880,804 | $320,306 | |
| CARES ACT ASSISTANCE | $2,179,287 | $2,179,287 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,446,986 | TotalAmt |
| Program Services | $3,062,072 | ProgramServicesAmt |
| Management And General | $1,113,161 | ManagementAndGeneralAmt |
| Fundraising | $271,753 | FundraisingAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $327,336,916 | TotalAmt |
| Program Services | $285,686,591 | ProgramServicesAmt |
| Management And General | $38,813,566 | ManagementAndGeneralAmt |
| Fundraising | $2,836,759 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $52,037,421 | BOYAmt |
| EOY | $70,530,666 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,922,501 | BOYAmt |
| EOY | $3,909,484 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $728,873 | BOYAmt |
| EOY | $808,062 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,289,484 | BOYAmt |
| EOY | $5,054,293 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $843,375,201 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $225,672,315 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $532,808,747 | BOYAmt |
| EOY | $617,702,886 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $145,978,597 | BOYAmt |
| EOY | $166,032,720 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $31,726,092 | BOYAmt |
| EOY | $24,433,162 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $15,475,433 | BOYAmt |
| EOY | $10,866,180 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $786,967,148 | BOYAmt |
| EOY | $899,337,453 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $51,573,516 | BOYAmt |
| EOY | $64,582,750 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $45,017,352 | BOYAmt |
| EOY | $53,188,788 | EOYAmt |
Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $200,786,486 | BOYAmt |
| EOY | $194,837,756 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,380,853 | BOYAmt |
| EOY | $56,608,781 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $25,721,676 | BOYAmt |
| EOY | $23,289,285 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $330,479,883 | BOYAmt |
| EOY | $392,507,360 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $416,985,167 | BOYAmt |
| EOY | $465,092,132 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $39,502,098 | BOYAmt |
| EOY | $41,737,961 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $456,487,265 | BOYAmt |
| EOY | $506,830,093 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $786,967,148 | BOYAmt |
| EOY | $899,337,453 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $51,021,607 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $554,191 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | -$1,232,970 | OtherChangesInNetAssetsAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | Yes (1) | FederalGrantAuditRequiredInd |
| Federal Grant Audit Performed | Yes (1) | FederalGrantAuditPerformedInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School | Yes (X) | SchoolInd |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $16,275,744 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $12,200,338 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $12,391,616 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $15,132,648 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $17,624,249 | CurrentTaxYearAmt |
| Total | $73,624,595 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $16,275,744 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $12,200,338 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $12,391,616 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $15,132,648 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $17,624,249 | CurrentTaxYearAmt |
| Total | $73,624,595 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $84,324 | SubstantialContributorsTotAmt |
| Public Support Total170 | $73,540,271 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $3,349,483 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $3,605,840 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $4,088,529 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $5,595,161 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $5,525,695 | CurrentTaxYearAmt |
| Total | $22,164,708 | TotalAmt |
Unrelated Business Net Incm170 UnrelatedBusinessNetIncm170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $1,593,030 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $2,605,582 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $3,213,109 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $3,948,129 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $3,232,258 | CurrentTaxYearAmt |
| Total | $14,592,108 | TotalAmt |
Other Income170 OtherIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $290,571 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $766,687 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $433,595 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $346,126 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $313,677 | CurrentTaxYearAmt |
| Total | $2,150,656 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $112,532,067 | TotalSupportAmt |
| Gross Receipts Rltd Activities | $1,557,034,507 | GrossReceiptsRltdActivitiesAmt |
| Public Support CY170 | 0.65350 | PublicSupportCY170Pct |
| Public Support PY170 | 0.68220 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Form990 Schedule A Part VI Form990ScheduleAPartVIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: | FormAndLineReferenceDesc |
| Explanation | FUNDRAISING PROCEEDS - 2015 AMOUNT: $ 290,571. 2016 AMOUNT: $ 766,687. 2017 AMOUNT: $ 433,595. 2018 AMOUNT: $ 346,126. 2019 AMOUNT: $ 313,677. | ExplanationTxt |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule C IRS990ScheduleC
| Field | Value | IRS element (for citing) |
|---|---|---|
| Volunteers | 0 | VolunteersInd |
| Paid Staff Or Management | 0 | PaidStaffOrManagementInd |
| Media Advertisements | 0 | MediaAdvertisementsInd |
| Mailings Members | 0 | MailingsMembersInd |
| Publications Or Broadcast | 0 | PublicationsOrBroadcastInd |
| Grants Other Organizations | 0 | GrantsOtherOrganizationsInd |
| Direct Contact Legislators | 0 | DirectContactLegislatorsInd |
| Rallies Demonstrations | 0 | RalliesDemonstrationsInd |
| Other Activities | Yes (1) | OtherActivitiesInd |
| Total Lobbying Expenditures | $0 | TotalLobbyingExpendituresAmt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART II-B, LINE 1: | FormAndLineReferenceDesc |
| Explanation | SACRED HEART UNIVERSITY DOES NOT EMPLOY LOBBYISTS AS DEFINED BY STATE STATUTE AS PART OF ITS PAID STAFF OR MANAGEMENT, BUT SOME EMPLOYEES DO INTERACT WITH GOVERNMENT OFFICIALS AND AGENCIES FOR PURPOSES OTHER THAN INFLUENCING LEGISLATION OR PUBLIC OPINION ON LEGISLATIVE MATTERS OR REFERENDA. OCCASIONALLY THIS INCLUDES TESTIFYING BEFORE LEGISLATIVE COMMITTEES ON MATTER RELEVANT TO HIGHER EDUCATION IN THE STATE OF CONNECTICUT. IN ADDITION, SACRED HEART UNIVERSITY PAYS MEMBERSHIP DUES TO NACUBO AND A PORTION OF THE DUES SUPPORTED A NUMBER OF ADVOCACY EFFORTS. | ExplanationTxt |
Schedule D IRS990ScheduleD
Art Public Exhibition Amounts ArtPublicExhibitionAmountsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Revenues Included | $20,999 | RevenuesIncludedAmt |
| Assets Included | $1,357,098 | AssetsIncludedAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Collection Used Pub Exhibition | Yes (X) | CollectionUsedPubExhibitionInd |
| Solicited Assets Sale | 0 | SolicitedAssetsSaleInd |
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $178,215,437 | BeginningYearBalanceAmt |
| Contributions | $12,638,158 | ContributionsAmt |
| Investment Earnings Or Losses | $5,611,837 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $4,897,146 | OtherExpendituresAmt |
| End Year Balance | $191,568,286 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $167,593,741 | BeginningYearBalanceAmt |
| Contributions | $8,678,077 | ContributionsAmt |
| Investment Earnings Or Losses | $8,196,400 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $6,252,781 | OtherExpendituresAmt |
| End Year Balance | $178,215,437 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $157,819,679 | BeginningYearBalanceAmt |
| Contributions | $6,871,952 | ContributionsAmt |
| Investment Earnings Or Losses | $9,751,467 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $6,849,357 | OtherExpendituresAmt |
| End Year Balance | $167,593,741 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $141,835,372 | BeginningYearBalanceAmt |
| Contributions | $7,623,629 | ContributionsAmt |
| Investment Earnings Or Losses | $15,173,714 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $6,813,036 | OtherExpendituresAmt |
| End Year Balance | $157,819,679 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $142,460,560 | BeginningYearBalanceAmt |
| Contributions | $6,511,401 | ContributionsAmt |
| Investment Earnings Or Losses | -$2,724,346 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $147,677 | GrantsOrScholarshipsAmt |
| Other Expenditures | $4,264,566 | OtherExpendituresAmt |
| End Year Balance | $141,835,372 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated Balance EOY | 0.82620 | BoardDesignatedBalanceEOYPct |
| Prmnnt Endowment Balance EOY | 0.11600 | PrmnntEndowmentBalanceEOYPct |
| Term Endowment Balance EOY | 0.05780 | TermEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | 0 | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | 0 | EndowmentsHeldRelatedOrgInd |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $63,354,893 | OtherCostOrOtherBasisAmt |
| Book Value | $63,354,893 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $486,053,591 | OtherCostOrOtherBasisAmt |
| Depreciation | $102,354,567 | DepreciationAmt |
| Book Value | $383,699,024 | BookValueAmt |
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $85,579,506 | OtherCostOrOtherBasisAmt |
| Depreciation | $43,081,676 | DepreciationAmt |
| Book Value | $42,497,830 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $76,212,833 | OtherCostOrOtherBasisAmt |
| Depreciation | $57,953,849 | DepreciationAmt |
| Book Value | $18,258,984 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $132,174,378 | OtherCostOrOtherBasisAmt |
| Depreciation | $22,282,223 | DepreciationAmt |
| Book Value | $109,892,155 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $617,702,886 | TotalBookValueLandBuildingsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)
| DescDesc | AmtAmt |
|---|---|
| GOVERNMENT GRANTS REFUNDABLE - STUDENT LOANS | $304,043 |
| TAXABLE BONDS | $22,985,242 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $23,289,285 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $284,403,985 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | $554,191 | NetUnrealizedGainsInvstAmt |
| Other Revenue | -$94,644,959 | OtherRevenueAmt |
| Revenue Not Reported | -$94,090,768 | RevenueNotReportedAmt |
| Revenue Subtotal | $378,494,753 | RevenueSubtotalAmt |
| Investment Expenses Not Incld | $473,737 | InvestmentExpensesNotIncldAmt |
| Other Revenues Not Included | -$609,967 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | -$136,230 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $378,358,523 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $234,061,157 | TotExpnsEtcAuditedFinclStmtAmt |
| Other Expenses Included | $609,967 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $609,967 | ExpensesNotReportedAmt |
| Expenses Subtotal | $233,451,190 | ExpensesSubtotalAmt |
| Investment Expenses Not Incld2 | $473,737 | InvestmentExpensesNotIncld2Amt |
| Other Expenses Not Included | $93,411,989 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $93,885,726 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $327,336,916 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (7 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART III, LINE 4: | WORKS OF ART ARE CONTRIBUTED TO THE UNIVERSITY FROM VARIOUS DONORS OR PURCHASED FOR PUBLIC EXHIBITION. THE SCHOOL DISPLAYS THEM IN VARIOUS LOCATIONS ACROSS THE UNIVERSITY FOR PUBLIC VIEWING. |
| PART V, LINE 4: | THE UNIVERSITY USES THE FUNDS FOR STUDENT SCHOLARSHIPS, TO PROVIDE EDUCATIONAL AND SUPPORT SERVICES, AND TO MAINTAIN AND EXPAND THE UNIVERSITY CAPITAL INFRASTRUCTURE IN ORDER TO MAINTAIN THE UNIVERSITY'S FINANCIAL STABILITY. |
| PART X, LINE 2: | THE UNIVERSITY IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(A), AS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, AS AMENDED. ACCORDINGLY, IT IS NOT SUBJECT TO INCOME TAXES EXCEPT TO THE EXTENT IT HAS TAXABLE INCOME FROM ACTIVITIES THAT ARE NOT RELATED TO ITS EXEMPT PURPOSE. THE UNIVERSITY RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT OF BEING SUSTAINED. NO PROVISION FOR INCOME TAXES WAS REQUIRED FOR FISCAL 2020 OR 2019. |
| PART XI, LINE 2D - OTHER ADJUSTMENTS: | INSTITUTIONAL AID -93,411,989. CHANGE IN VALUE OF INTEREST RATE SWAPS -4,233,006. RESTRICTED TRANSFERS- OUTSIDE INSTITUTIONS 3,000,036. |
| PART XI, LINE 4B - OTHER ADJUSTMENTS: | RENTAL EXPENSES -114,775. FUNDRAISING EXPENSES -495,192. |
| PART XII, LINE 2D - OTHER ADJUSTMENTS: | RENTAL EXPENSES 114,775. FUNDRAISING EXPENSES 495,192. |
| PART XII, LINE 4B - OTHER ADJUSTMENTS: | INSTITUTIONAL AID 93,411,989. |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | Yes (1) | NondiscriminatoryPolicyStmtInd |
| Policy Stmt In Brochures Etc | Yes (1) | PolicyStmtInBrochuresEtcInd |
| Plcy Pblczd Via Broadcast Media | Yes (1) | PlcyPblczdViaBroadcastMediaInd |
| Maintain Racial Comp Recs | Yes (1) | MaintainRacialCompRecsInd |
| Maintain Scholarships Recs | Yes (1) | MaintainScholarshipsRecsInd |
| Maintain Cpy Of Brochures Etc | Yes (1) | MaintainCpyOfBrochuresEtcInd |
| Maintain Cpy Of All Sol | Yes (1) | MaintainCpyOfAllSolInd |
| Discriminate Race Stdnts Rghts | 0 | DiscriminateRaceStdntsRghtsInd |
| Discriminate Race Admiss Plcy | 0 | DiscriminateRaceAdmissPlcyInd |
| Discriminate Race Emplm Fculty | 0 | DiscriminateRaceEmplmFcultyInd |
| Discriminate Race Schs | 0 | DiscriminateRaceSchsInd |
| Discriminate Race Educ Plcy | 0 | DiscriminateRaceEducPlcyInd |
| Discriminate Race Use Of Fclts | 0 | DiscriminateRaceUseOfFcltsInd |
| Discriminate Race Athlt Prog | 0 | DiscriminateRaceAthltProgInd |
| Discriminate Race Other Acty | 0 | DiscriminateRaceOtherActyInd |
| Government Financial Aid Rcvd | Yes (1) | GovernmentFinancialAidRcvdInd |
| Government Financial Aid Rvkd | 0 | GovernmentFinancialAidRvkdInd |
| Compliance With Rev Proc7550 | Yes (1) | ComplianceWithRevProc7550Ind |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| SCHEDULE E, PART I, LINE 3 | SACRED HEART UNIVERSITY'S POLICY WHICH PROHIBITS DISCRIMINATION AGAINST PERSONS BECAUSE OF RACE, GENDER, SEXUAL ORIENTATION, PREGNANCY, COLOR, MARITAL STATUS, VETERAN STATUS, RELIGION, AGE, DISABILITY, HANDICAP, NATIONAL ORIGIN OR ANCESTRY IN ITS EMPLOYMENT POLICIES AND ITS EDUCATION AND ADMISSIONS PROGRAMS IS AVAILABLE ONLINE, IN ITS ACADEMIC CATALOG, AND WITHIN ITS STUDENT HANDBOOK. |
| SCHEDULE E, PART I, LINE 6 | SACRED HEART UNIVERSITY RECEIVES FUNDS FROM THE US DEPARTMENT OF EDUCATION. THE PROGRAM FUNDS THAT THE UNIVERSITY ADMINISTERS ARE FEDERAL PELL GRANT, FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANT (FSEOG) AND FEDERAL WORK-STUDY (FWS), WHICH ARE TITLE IV STUDENT AID PROGRAMS. THE UNIVERSITY ALSO RECEIVES FUNDS AND PROCESSES ACCORDING TO THE CRITERIA OF STATE GOVERNMENT AGENCIES. PRIMARY FUNDING IS FROM THE STATE OF CONNECTICUT OFFICE OF HIGHER EDUCATION. OTHER STATES THAT PROVIDE ASSISTANCE TO STATE RESIDENTS ATTENDING AN OUT OF STATE INSTITUTION ARE PROCESSED AS WE RECEIVE NOTIFICATION OF ENROLLED ELIGIBLE STUDENTS. |
Schedule F IRS990ScheduleF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Account Activities Outside US AccountActivitiesOutsideUSGrp (7 entries)
| RegionRegionTxt | OfficesOfficesCnt | EmployeeEmployeeCnt | Type Of Activities ConductedTypeOfActivitiesConductedTxt | Specific Services ProvidedSpecificServicesProvidedTxt | Region Total ExpendituresRegionTotalExpendituresAmt |
|---|---|---|---|---|---|
| EUROPE (INCLUDING ICELAND & GREENLAND) | 2 | 29 | PROGRAM SERVICES | EDUCATIONAL | $1,597,846 |
| CENTRAL AMERICA AND THE CARIBBEAN | 0 | 0 | PROGRAM SERVICES/MISSION RELATED TRIPS | EDUCATIONAL | $80,367 |
| EAST ASIA AND THE PACIFIC | 0 | 0 | PROGRAM SERVICES | EDUCATIONAL | $52,331 |
| SOUTH ASIA | 0 | 0 | PROGRAM SERVICES | EDUCATIONAL | $19,740 |
| SUB-SAHARAN AFRICA | 0 | 0 | PROGRAM SERVICES | EDUCATIONAL | $16,353 |
| CENTRAL AMERICA AND THE CARIBBEAN | 0 | 0 | INVESTMENTS | $19,164,837 | |
| EUROPE (INCLUDING ICELAND & GREENLAND) | 0 | 0 | INVESTMENTS | $3,284,034 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Offices | 2 | SubtotalOfficesCnt |
| Subtotal Employees | 29 | SubtotalEmployeesCnt |
| Continuation Total Office | 0 | ContinuationTotalOfficeCnt |
| Continuation Total Employee | 0 | ContinuationTotalEmployeeCnt |
| Total Office | 2 | TotalOfficeCnt |
| Total Employee | 29 | TotalEmployeeCnt |
| Subtotal Spent | $24,215,508 | SubtotalSpentAmt |
| Continuation Spent | $0 | ContinuationSpentAmt |
| Total Spent | $24,215,508 | TotalSpentAmt |
Foreign Individuals Grants ForeignIndividualsGrantsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Type Of Assistance | LUXEMBOURG SCHOLARSHIPS AND DISCOUNTS | TypeOfAssistanceTxt |
| Region | EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIU | RegionTxt |
| Recipient | 25 | RecipientCnt |
| Cash Grant | $42,687 | CashGrantAmt |
| Manner Of Cash Disbursement | DISCOUNT POSTED TO STUDENT ACCOUNT | MannerOfCashDisbursementTxt |
| Valuation Method Used | FMV | ValuationMethodUsedDesc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Transfer To Foreign Corp | Yes (1) | TransferToForeignCorpInd |
| Interest In Foreign Trust | 0 | InterestInForeignTrustInd |
| Foreign Corp Ownership | Yes (1) | ForeignCorpOwnershipInd |
| Passive Foreign Investmest Co | Yes (1) | PassiveForeignInvestmestCoInd |
| Foreign Partnership | Yes (1) | ForeignPartnershipInd |
| Boycott Countries | Yes (1) | BoycottCountriesInd |
Supplemental Information Detail SupplementalInformationDetail (4 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART I, LINE 3: | EXPENDITURES ARE ACCOUNTED FOR USING THE ACCRUAL BASIS OF ACCOUNTING. |
| PART III, COL (C): | IRELAND: SACRED HEART UNIVERSITY OFFERS STUDENTS THE OPPORTUNITY TO DELVE INTO IRISH CULTURE IN THE HEART OF THE IRISH-SPEAKING DINGLE GAELTACHT REGION. STUDENTS STUDY IN IRISH SURROUNDINGS AND LIVE THE IRISH EXPERIENCE THROUGH HANDS-ON SEMINARS LED BY ACCOMPLISHED SCHOLARS AND LOCAL EXPERTS. WHAT DEVELOPS IS A PROFOUND UNDERSTANDING OF CELTIC CULTURE, AS WELL AS A GREATER APPRECIATION OF DIVERSE SOCIETIES. LUXEMBOURG: THE JACK WELCH COLLEGE OF BUSINESS OFFERS AN MBA CURRICULUM THAT EMPHASIZES A GLOBAL BUSINESS EDUCATION. OUR LUXEMBOURG PROGRAMS FACILITATE A RICH LEARNING EXPERIENCE WITH A FACULTY MIX OF ACCOMPLISHED SCHOLARS AND EXPERIENCED BUSINESS EXECUTIVES FROM BOTH EUROPE AND THE US WHO TEACH IN AN APPLIED LEARNING ENVIRONMENT WITH REAL-WORLD BUSINESS CASE STUDIES AND PROJECTS. SACRED HEART UNIVERSITY OFFERS A VARIETY OF STUDY ABROAD OPPORTUNITIES AROUND THE WORLD FOR SACRED HEART AND VISITING STUDENTS - WITH PROGRAMMING THAT SUPPORTS A BROAD RANGE OF EDUCATIONAL, PROFESSIONAL, AND PERSONAL OBJECTIVES. THE UNIVERSITY OFFERS FACULTY-LED PROGRAMS IN VARIOUS COUNTRIES EACH YEAR. ON THESE PROGRAMS STUDENTS DEVELOP THE HABITS OF MIND, HEART, AND SPIRIT THAT WILL PREPARE THEM TO ENGAGE PURPOSEFULLY IN A GLOBAL WORLD. COURSES COMPLETED ON A SACRED HEART STUDY ABROAD PROGRAM MAY FULFILL GENERAL EDUCATION, ELECTIVE, OR MAJOR/MINOR CREDITS, ENABLING STUDENTS, REGARDLESS OF ACADEMIC PLAN, TO STUDY ABROAD AND GRADUATE ACCORDING TO THEIR INDIVIDUAL SCHEDULES. ADDITIONAL OPPORTUNITIES ARE ALSO AVAILABLE FOR CLINICAL CREDIT OR EXPERIENTIAL LEARNING. SACRED HEART UNIVERSITY SUPPORTS STUDY ABROAD PROGRAMMING BY IDENTIFYING, DEVELOPING, NURTURING, AND MAINTAINING A DIVERSE SET OF INTERNATIONAL PROGRAMS WITH A COMMITMENT TO QUALITY, SAFETY, AFFORDABILITY AND ACCESSIBILITY. |
| PART III ACCOUNTING METHOD: | |
| SCHEDULE F, PART I, LINE 3 (D) | INVESTMENTS INCLUDED IN THIS SECTION RELATE TO INVESTMENT HOLDINGS INCLUDED IN THE UNIVERSITY'S ENDOWMENT PORTFOLIO. |
Schedule G IRS990ScheduleG
| Field | Value | IRS element (for citing) |
|---|---|---|
| Mail Solicitations | Yes (X) | MailSolicitationsInd |
| Email Solicitations | Yes (X) | EmailSolicitationsInd |
| Phone Solicitations | Yes (X) | PhoneSolicitationsInd |
| In Person Solicitations | Yes (X) | InPersonSolicitationsInd |
| Solicitation Of Non Govt Grants | Yes (X) | SolicitationOfNonGovtGrantsInd |
| Solicitation Of Govt Grants | Yes (X) | SolicitationOfGovtGrantsInd |
| Special Fundraising Events | Yes (X) | SpecialFundraisingEventsInd |
| Agrmt Prof Fundraising Acty | Yes (1) | AgrmtProfFundraisingActyInd |
Fundraiser Activity Info FundraiserActivityInfoGrp (4 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | ActivityActivityTxt | Fundraiser Control Of FundsFundraiserControlOfFundsInd | Gross ReceiptsGrossReceiptsAmt | Retained By ContractorRetainedByContractorAmt | Net To OrganizationNetToOrganizationAmt |
|---|---|---|---|---|---|---|---|---|
| SNAVELY ASSOCIATES | ||||||||
| 112 W FOSTER AVE 401 | STATE COLLEGE | PA | 16801 | FUNDRAISING CONSULTING | 0 | $0 | $169,976 | $0 |
| LKA FUNDRAISING & COMMNICATIONS INC | ||||||||
| 4800 SW MACADAM AVE STE 240 | PORTLAND | OR | 97239 | FUNDRAISING CONSULTING | 0 | $0 | $48,240 | $0 |
| THE STELTER COMPANY | ||||||||
| 10435 NY AVE | DES MOINES | IA | 50322 | FUNDRAISING CONSULTING | 0 | $0 | $34,526 | $0 |
| FALCON FUNDRAISING | ||||||||
| 1690 WATERTOWER PLACE | EAST LANSING | MI | 48823 | FUNDRAISING CONSULTING | 0 | $0 | $10,930 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Retained By Contractors | $263,672 | TotalRetainedByContractorsAmt |
| Licensed States | CT | LicensedStatesCd |
Fundraising Event Information FundraisingEventInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Event1 | SHU INVITATIONAL | Event1Nm |
| Gross Receipts Event1 | $618,800 | GrossReceiptsEvent1Amt |
| Charitable Contri Event1 | $529,718 | CharitableContriEvent1Amt |
| Gross Revenue Event1 | $89,082 | GrossRevenueEvent1Amt |
| Non Cash Prizes Event1 | $87,346 | NonCashPrizesEvent1Amt |
| Food And Beverage Event1 | $29,436 | FoodAndBeverageEvent1Amt |
| Entertainment Event1 | $900 | EntertainmentEvent1Amt |
| Other Direct Expenses Event1 | $22,336 | OtherDirectExpensesEvent1Amt |
| Event2 | HORIZONS EVENTS | Event2Nm |
| Gross Receipts Event2 | $288,701 | GrossReceiptsEvent2Amt |
| Charitable Contri Event2 | $270,656 | CharitableContriEvent2Amt |
| Gross Revenue Event2 | $18,045 | GrossRevenueEvent2Amt |
| Food And Beverage Event2 | $29,454 | FoodAndBeverageEvent2Amt |
| Entertainment Event2 | $39,450 | EntertainmentEvent2Amt |
| Other Direct Expenses Event2 | $30,192 | OtherDirectExpensesEvent2Amt |
| Other Events Total | 9 | OtherEventsTotalCnt |
| Gross Receipts Other Events | $819,214 | GrossReceiptsOtherEventsAmt |
| Charitable Contri Other Events | $612,664 | CharitableContriOtherEventsAmt |
| Gross Revenue Other Events | $206,550 | GrossRevenueOtherEventsAmt |
| Non Cash Prizes Other Events | $1,078 | NonCashPrizesOtherEventsAmt |
| Rent Fclty Costs Other Events | $52,907 | RentFcltyCostsOtherEventsAmt |
| Food And Beverage Other Events | $86,210 | FoodAndBeverageOtherEventsAmt |
| Entertainment Other Events | $56,370 | EntertainmentOtherEventsAmt |
| Oth Direct Expnss Other Events | $59,513 | OthDirectExpnssOtherEventsAmt |
| Gross Receipts Total | $1,726,715 | GrossReceiptsTotalAmt |
| Charitable Contributions Tot | $1,413,038 | CharitableContributionsTotAmt |
| Gross Revenue Total Events | $313,677 | GrossRevenueTotalEventsAmt |
| Non Cash Prizes Total Events | $88,424 | NonCashPrizesTotalEventsAmt |
| Rent Fclty Costs Total Events | $52,907 | RentFcltyCostsTotalEventsAmt |
| Food And Beverage Total Events | $145,100 | FoodAndBeverageTotalEventsAmt |
| Entertainment Total Events | $96,720 | EntertainmentTotalEventsAmt |
| Oth Direct Expnss Total Events | $112,041 | OthDirectExpnssTotalEventsAmt |
| Direct Expense Summary Events | $495,192 | DirectExpenseSummaryEventsAmt |
| Net Income Summary | -$181,515 | NetIncomeSummaryAmt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | 0 | GrantRecordsMaintainedInd |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp (4 entries)
| Grant TypeGrantTypeTxt | RecipientRecipientCnt | Cash GrantCashGrantAmt |
|---|---|---|
| FEDERAL AID | 555 | $568,498 |
| STATE AID | 12 | $29,650 |
| RESIDENCE HALL ASSISTANT WAIVERS AND AWARDS | 127 | $1,076,325 |
| OTHER SCHOLARSHIPS WHICH ARE NEEDS-BASED OR BASED ON ATHLETIC OR ACADEMIC TALENTS | 4811 | $91,694,828 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 2: | FormAndLineReferenceDesc |
| Explanation | THE THREE AREAS OF FINANCIAL ASSISTANCE TO STUDENTS ARE LOANS, GRANTS, AND EMPLOYMENT (WORK-STUDY). THESE ARE GENERALLY AWARDED ON THE BASIS OF FINANCIAL NEED, DETERMINED BY AN ANALYSIS OF FAMILY INCOME AND ASSETS. SCHOLARSHIPS ARE ANOTHER SOURCE OF FINANCIAL ASSISTANCE, AWARDED ON THE BASIS OF ACADEMIC ACHIEVEMENT, ATHLETICS OR PERFORMING ARTS, COMMUNITY SERVICE OR LEADERSHIP. CRITERIA FOR MERIT BASED AWARDS MAY ALSO INCLUDE A FINANCIAL NEEDS REQUIREMENT. THE UNIVERSITY MONITORS THE AMOUNT ISSUED BY CALCULATING A COST OF ATTENDANCE, ASSESSING AN ESTIMATED FAMILY CONTRIBUTION (EFC), AND DERIVING A LEVEL OF FINANCIAL NEED. ONCE THE AMOUNT OF AID HAS BEEN DETERMINED FOR THE INDIVIDUAL, IT IS DISPERSED TO THE STUDENT'S ACCOUNT AND IS CONTROLLED BY THE BURSAR'S OFFICE. SEVERAL REPORTS/SURVEYS ARE USED ANNUALLY TO MONITOR THE DISTRIBUTION OF GRANT ASSISTANCE; FOR EXAMPLE, FISAP REPORT TO USDE, A-133 AUDIT, FEDERAL IPEDS REPORT, STATE ANNUAL AUDIT, AND VARIOUS SURVEYS THAT TYPICALLY USE INFORMATION FROM THE COMMON DATA SET (CDS). | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| First Class Or Charter Travel | Yes (X) | FirstClassOrCharterTravelInd |
| Travel For Companions | Yes (X) | TravelForCompanionsInd |
| Housing Allowance Or Residence | Yes (X) | HousingAllowanceOrResidenceInd |
| Club Dues Or Fees | Yes (X) | ClubDuesOrFeesInd |
| Written Policy Ref T And E Expnss | Yes (1) | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | Yes (1) | SubstantiationRequiredInd |
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Form990 Of Other Organizations | Yes (X) | Form990OfOtherOrganizationsInd |
| Written Employment Contract | Yes (X) | WrittenEmploymentContractInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | Yes (1) | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | Yes (1) | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | Yes (1) | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | Yes (1) | AnyNonFixedPaymentsInd |
| Initial Contract Exception | Yes (1) | InitialContractExceptionInd |
| Rebuttable Presumption Proc | 0 | RebuttablePresumptionProcInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (13 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| JOHN J PETILLO | ||||||||||||||
| PRESIDENT | $550,776 | $0 | $308,766 | $0 | $75,815 | $0 | $198,462 | $0 | $105,739 | $0 | $1,239,558 | $0 | $0 | $0 |
| MICHAEL J KINNEY | ||||||||||||||
| SR. VP FOR FINANCE | $380,265 | $0 | $378,521 | $0 | $7,533 | $0 | $33,340 | $0 | $21,087 | $0 | $820,746 | $0 | $0 | $0 |
| MICHAEL LAROBINA ESQ | ||||||||||||||
| GENERAL COUNSEL | $208,479 | $0 | $52,544 | $0 | $4,186 | $0 | $17,044 | $0 | $9,042 | $0 | $291,295 | $0 | $0 | $0 |
| RUPENDRA PALIWAL | ||||||||||||||
| PROVOST & VICE PRESIDENT F | $279,271 | $0 | $73,953 | $0 | $8,610 | $0 | $28,316 | $0 | $8,418 | $0 | $398,568 | $0 | $0 | $0 |
| PHILIP J MCCABE | ||||||||||||||
| SR. VP FOR FINANCE AS OF 5/20 | $186,270 | $0 | $42,872 | $0 | $2,995 | $0 | $15,296 | $0 | $8,325 | $0 | $255,758 | $0 | $0 | $0 |
| JAMES BARQUINERO | ||||||||||||||
| SR. VICE PRESIDENT | $262,558 | $0 | $69,287 | $0 | $11,364 | $0 | $27,422 | $0 | $31,085 | $0 | $401,716 | $0 | $0 | $0 |
| ROBERT M HARDY | ||||||||||||||
| VICE PRESIDENT | $201,757 | $0 | $54,262 | $0 | $9,653 | $0 | $20,730 | $0 | $2,500 | $0 | $288,902 | $0 | $0 | $0 |
| DAVID COPPOLA | ||||||||||||||
| SR. VP ADMIN & PLANNING | $232,932 | $0 | $62,861 | $0 | $12,375 | $0 | $18,604 | $0 | $31,085 | $0 | $357,857 | $0 | $0 | $0 |
| JOHN CHALYKOFF | ||||||||||||||
| DEAN | $129,670 | $0 | $63,848 | $0 | $177,689 | $0 | $10,404 | $0 | $11,044 | $0 | $392,655 | $0 | $0 | $0 |
| ROBERT J VALENTINE | ||||||||||||||
| EXECUTIVE DIRECTOR OF ATHL | $246,399 | $0 | $47,994 | $0 | $8,997 | $0 | $19,712 | $0 | $0 | $0 | $323,102 | $0 | $0 | $0 |
| PATRICIA WALKER | ||||||||||||||
| DEAN | $153,330 | $0 | $50,787 | $0 | $34,803 | $0 | $12,965 | $0 | $22,587 | $0 | $274,472 | $0 | $0 | $0 |
| WILLIAM REIDY | ||||||||||||||
| VICE PRESIDENT | $182,960 | $0 | $46,440 | $0 | $3,628 | $0 | $19,098 | $0 | $31,085 | $0 | $283,211 | $0 | $0 | $0 |
| ROBIN CAUTIN | ||||||||||||||
| DEAN | $189,221 | $0 | $46,504 | $0 | $360 | $0 | $15,137 | $0 | $0 | $0 | $251,222 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail (7 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART I, LINE 1A | THE UNIVERSITY FUNDS A PARTIAL SOCIAL CLUB MEMBERSHIP IN THE NAME OF AN OFFICER. THE MEMBERSHIP IS USED FOR UNIVERSITY EVENTS AND THE ENTERTAINMENT OF PROSPECTIVE DONORS AND CONTRIBUTORS. THE UNIVERSITY PROVIDES ON CAMPUS HOUSING TO ITS PRESIDENT FOR THE CONVENIENCE OF THE UNIVERSITY. THE ESTIMATED RENT IS INCLUDED AS NON-TAXABLE BENEFIT IN COLUMN (D). |
| PART I, LINE 3 | COMPENSATION FOR THE UNIVERSITY'S PRESIDENT/CEO IS DETERMINED THROUGH AN EXTENSIVE REVIEW OF THE JOB RESPONSIBILITIES AND EXPECTATIONS OUTLINED BY THE BOARD. THE COMPENSATION COMMITTEE THEN PERFORMS A REVIEW OF EXTERNAL MARKET AND INDUSTRY SURVEY AND STUDY DATA. CONSIDERATION OF ALL ADDITIONAL RESPONSIBILITIES ARE DETAILED OUT IN SPECIFIC LANGUAGE IN AN EMPLOYMENT CONTRACT APPROVED BY OUR LEGAL COUNSEL. FINAL SALARY RANGES ARE THEN DETERMINED BY THE COMPENSATION COMMITTEE. COMPENSATION IS DETERMINED BY THE EVALUATION OF THE JOB DESCRIPTION AGAINST EXTERNAL MARKET DATA AVAILABLE AS WELL AS THE REVIEW OF OUR INTERNAL EMPLOYEE DATA. CONSIDERATION OF ADDITIONAL RESPONSIBILITIES AND OTHER FACTORS MAY ALSO CONTRIBUTE IN DETERMINING COMPENSATION. THE DELIBERATION AND DECISION ARE CONTEMPORANEOUSLY DOCUMENTED. |
| PART I, LINE 4B | THE PRESIDENT PARTICIPATES IN A SECTION 457(F) NON-QUALIFIED DEFERRED COMPENSATION PLAN, WHICH WAS EFFECTIVE JULY 1, 2016. THE PRESIDENT WILL BECOME 100% VESTED ON JULY 1, 2020, PROVIDED THERE IS NO SEPARATION FROM SERVICE FROM THE UNIVERSITY, AS DEFINED IN THE AGREEMENT, AND REMAINS IN THE POSITION OF PRESIDENT UNTIL SUCH DATE. |
| PART I, LINE 5 | BONUSES ARE PAID TO SENIOR STAFF MEMBERS BASED IN PART ON ACHIEVING BUDGETED REVENUE GOALS. |
| PART I, LINE 6 | BONUSES ARE PAID TO SENIOR STAFF MEMBERS BASED IN PART ON ACHIEVING THE TRANSFER TO THE TRUSTEE RESERVES. SENIOR STAFF MEMBERS HAVE PERFORMANCE MEASURES FOR MANAGING THE UNIVERSITY TO MAINTAIN A BALANCED BUDGET. |
| PART I, LINE 7 | THERE ARE QUANTITATIVE MEASURES THAT ARE APPLIED IN DETERMINING BONUSES TO SENIOR STAFF MEMBERS. THE PRESIDENT AND THE BOARD HAVE DISCRETION TO ADJUST THE PAYMENTS FOR UNUSUAL CIRCUMSTANCES. IN ALL CASES, THESE PAYMENTS ARE REVIEWED WITH AND APPROVED BY THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES. |
| PART I, LINE 8 | THE FOLLOWING INDIVIDUAL LISTED ON FORM 990, PART VII RECEIVED COMPENSATION THAT WAS PAID PURSUANT TO AN INITIAL CONTRACT WITH THE UNIVERSITY: - RUPENDRA PALIWAL, PROVOST & VICE PRESIDENT FOR ACADEMIC AFFAIRS |
Schedule K IRS990ScheduleK
Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp (2 entries)
| Bond ReferenceBondReferenceCd | Bond Issuer EINBondIssuerEIN | CUSIPCUSIPNum | Bond IssuedBondIssuedDt | Issue PriceIssuePriceAmt | PurposePurposeDesc | DefeasedDefeasedInd | On Behalf Of IssuerOnBehalfOfIssuerInd | Pool FinancingPoolFinancingInd |
|---|---|---|---|---|---|---|---|---|
| SACRED HEART UNIVERSITY - SERIES I-1 | ||||||||
| A | 060776644 | 20774Y2C0 | 2017-11-22 | $157,271,506 | SEE PART VI | 0 | 0 | 0 |
| SACRED HEART UNIVERSITY - SERIES J-1 | ||||||||
| B | 060776644 | 2017-11-22 | $53,465,000 | SEE PART VI | 0 | 0 | 0 | |
Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp (2 entries)
| Bond ReferenceBondReferenceCd | RetiredRetiredAmt | Total ProceedsTotalProceedsAmt | Issuance Costs From ProceedsIssuanceCostsFromProceedsAmt | Capital ExpendituresCapitalExpendituresAmt | Other Spent ProceedsOtherSpentProceedsAmt | Substantial CompletionSubstantialCompletionYr | Refunding Tax Exempt BondsRefundingTaxExemptBondsInd | Refunding Taxable BondsRefundingTaxableBondsInd | Final Allocation MadeFinalAllocationMadeInd | Adequate Books And Rec MaintAdequateBooksAndRecMaintInd |
|---|---|---|---|---|---|---|---|---|---|---|
| A | $6,545,000 | $157,271,506 | $1,035,765 | $50,463,737 | $105,772,004 | 2019 | Yes (1) | 0 | Yes (1) | Yes (1) |
| B | $5,556,488 | $53,465,000 | $372,301 | $53,092,699 | Yes (1) | 0 | Yes (1) | Yes (1) |
Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp (2 entries)
| Bond ReferenceBondReferenceCd | Owning Bond Financed PropertyOwningBondFinancedPropertyInd | Any Lease ArrangementsAnyLeaseArrangementsInd | Mgmt Contract Bond Fincd PropMgmtContractBondFincdPropInd | Engage Bond Counsel ContractsEngageBondCounselContractsInd | Any Research AgreementsAnyResearchAgreementsInd | Private Bus Use By OthersPrivateBusUseByOthersPct | Total Private Business UseTotalPrivateBusinessUsePct | Bond Iss Meet Prvt Sec Pymt TestBondIssMeetPrvtSecPymtTestInd | Change In Use Bond Financed PropChangeInUseBondFinancedPropInd | Procs Nonqualified Bond RemdtdProcsNonqualifiedBondRemdtdInd |
|---|---|---|---|---|---|---|---|---|---|---|
| A | 0 | 0 | Yes (1) | Yes (1) | 0 | 0.00790 | 0.00790 | 0 | 0 | Yes (1) |
| B | 0 | 0 | Yes (1) | Yes (1) | 0 | 0.00150 | 0.00150 | 0 | 0 | Yes (1) |
Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp (2 entries)
| Bond ReferenceBondReferenceCd | Form8038 T FiledForm8038TFiledInd | Rebate Not Due YetRebateNotDueYetInd | Exception To RebateExceptionToRebateInd | No Rebate DueNoRebateDueInd | Variable Rate IssueVariableRateIssueInd | Hedge Identified In Bks And RecHedgeIdentifiedInBksAndRecInd | Gross Proceeds Invested In GICGrossProceedsInvestedInGICInd | Gross Proceeds InvestedGrossProceedsInvestedInd | Written Proc To Monitor ReqsWrittenProcToMonitorReqsInd | Business Name Line2HedgeProviderName/BusinessNameLine2Txt | Term Of HedgeTermOfHedgePct | Superintegrated HedgeSuperintegratedHedgeInd | Hedge TerminatedHedgeTerminatedInd |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| (no name) | |||||||||||||
| A | 0 | 0 | 0 | Yes (1) | 0 | 0 | 0 | 0 | Yes (1) | ||||
| PEOPLE'S UNITED | |||||||||||||
| B | 0 | 0 | 0 | Yes (1) | Yes (1) | Yes (1) | 0 | 0 | Yes (1) | BANK NATIONAL | 19.600000000000 | Yes (1) | 0 |
Procedures Corrective Action ProceduresCorrectiveActionGrp (2 entries)
| Bond ReferenceBondReferenceCd | Procedures Corrective ActionProceduresCorrectiveActionInd |
|---|---|
| A | Yes (1) |
| B | Yes (1) |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| SCHEDULE K, PART I, LINE A (F): | REFUNDING AND DEFEASANCE OF SERIES H, SETTLE LOC, CONSTRUCTION. |
| SCHEDULE K, PART I, LINE B (F): | REFUNDING AND DEFEASANCE OF EARLIER SERIES F AND PORTION OF SERIES G. |
| SCHEDULE K, PART IV, LINE 2C | THE FIRST REQUIRED COMPUTATION DATE FOR SERIES J-1 IS 11/22/2022. |
Schedule M IRS990ScheduleM
Works Of Art WorksOfArtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 4 | ContributionCnt |
| Noncash Contributions Rpt F990 | $20,999 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | FMV | MethodOfDeterminingRevenuesTxt |
Clothing And Household Goods ClothingAndHouseholdGoodsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Noncash Contributions Rpt F990 | $41,541 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | FMV | MethodOfDeterminingRevenuesTxt |
Cars And Other Vehicles CarsAndOtherVehiclesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 1 | ContributionCnt |
| Noncash Contributions Rpt F990 | $1,500 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | FMV | MethodOfDeterminingRevenuesTxt |
Securities Publicly Traded SecuritiesPubliclyTradedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 22 | ContributionCnt |
| Noncash Contributions Rpt F990 | $511,113 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | FMV | MethodOfDeterminingRevenuesTxt |
Collectibles CollectiblesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 5 | ContributionCnt |
| Noncash Contributions Rpt F990 | $941 | NoncashContributionsRptF990Amt |
Other Non Cash Contri Table OtherNonCashContriTableGrp (2 entries)
| Non Cash CheckboxNonCashCheckboxInd | DescDesc | ContributionContributionCnt | Noncash Contributions Rpt F990NoncashContributionsRptF990Amt | Method Of Determining RevenuesMethodOfDeterminingRevenuesTxt |
|---|---|---|---|---|
| Yes (X) | SPECIAL EVENT GIFTS | 43 | $37,570 | FMV |
| Yes (X) | EQUIPMENT | 2 | $18,600 | FMV |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeldInd |
| Review Process Unusual NC Gifts | 0 | ReviewProcessUnusualNCGiftsInd |
| Third Parties Used | 0 | ThirdPartiesUsedInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, COLUMN (B): | FormAndLineReferenceDesc |
| Explanation | NUMBER OF CONTRIBUTIONS REPRESENTS THE NUMBER OF ITEMS CONTRIBUTED. | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (6 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION B, LINE 11B | THE FOLLOWING IS THE SUCCESSION OF THE REVIEWS THAT OCCUR PRIOR TO FILING FORM 990. REVISIONS TO THE RETURN MAY BE MADE AT ANY POINT PRIOR TO FINAL FILING OF THE RETURN: THE RETURN IS PREPARED BY AN OUTSIDE PREPARER WITH THE ASSISTANCE OF THE ACCOUNTING STAFF. THE RETURN IS THEN INDEPENDENTLY REVIEWED BY THE ASSOCIATE VP FOR FINANCE AND SENIOR VP FOR FINANCE. COPIES OF THE RETURN ARE PROVIDED TO THE PRESIDENT, EACH MEMBER OF THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES AND THE CORPORATE SECRETARY FOR THEIR REVIEW AND COMMENT PRIOR TO FILING. |
| FORM 990, PART VI, SECTION B, LINE 12C | EVERY YEAR, THE CONFLICT OF INTEREST POLICY IS REVIEWED. ALL KEY EMPLOYEES, TRUSTEES AND OFFICERS OF THE UNIVERSITY ARE REQUIRED TO REVIEW AND COMPLETE THE FORMS AS APPROPRIATE, SIGN, AND SUBMIT THE FORMS TO THEIR MANAGER OR BOARD SECRETARY FOR REVIEW AND SIGNATURE. |
| FORM 990, PART VI, SECTION B, LINE 15 | COMPENSATION FOR THE UNIVERSITY'S PRESIDENT/CEO IS DETERMINED THROUGH AN EXTENSIVE REVIEW OF THE JOB RESPONSIBILITIES AND EXPECTATIONS OUTLINED BY THE BOARD. THE COMPENSATION COMMITTEE THEN PERFORMS A REVIEW OF EXTERNAL MARKET AND INDUSTRY SURVEY AND STUDY DATA. CONSIDERATION OF ALL ADDITIONAL RESPONSIBILITIES ARE DETAILED OUT IN SPECIFIC LANGUAGE IN AN EMPLOYMENT CONTRACT APPROVED BY OUR LEGAL COUNSEL. FINAL SALARY RANGES ARE THEN DETERMINED BY THE COMPENSATION COMMITTEE. COMPENSATION FOR OTHER KEY EMPLOYEES IS DETERMINED BY THE EVALUATION OF THE JOB DESCRIPTION AGAINST EXTERNAL MARKET DATA AVAILABLE AS WELL AS THE REVIEW OF OUR INTERNAL EMPLOYEE DATA. CONSIDERATION OF ADDITIONAL RESPONSIBILITIES AND OTHER FACTORS MAY ALSO CONTRIBUTE IN DETERMINING COMPENSATION. COMPENSATION FOR THE UNIVERSITY'S OTHER OFFICERS AND KEY EMPLOYEES IS ORIGINALLY DETERMINED BASED ON EXTERNAL MARKET AND INDUSTRY SURVEY AS WELL AS THE REVIEW OF OUR INTERNAL EMPLOYEE DATA. ANY ADDITIONAL RESPONSIBILITIES ARE ALSO CONSIDERED. THE DATA IS REVIEWED BY A COMMITTEE AUTHORIZED BY THE BOARD OF TRUSTEES. DECISIONS AND AUTHORIZATIONS ARE DOCUMENTED AND PLACED ON FILE WITH THE VICE PRESIDENT OF HUMAN RESOURCES. FINAL ANNUAL SALARY RECOMMENDATIONS FROM THE PRESIDENT ARE SUBMITTED FOR REVIEW AND APPROVED BY THE HUMAN RESOURCES COMPENSATION COMMITTEE. |
| FORM 990, PART VI, SECTION C, LINE 19 | GUIDESTAR.ORG POSTS THE UNIVERSITY'S 990 FILING ANNUALLY. THIS MAKES THE 990 WIDELY AVAILABLE THROUGH THE INTERNET. COPIES ARE ALSO MADE AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST. GOVERNING DOCUMENTS AND THE ANNUAL FINANCIAL REPORT ARE MADE AVAILABLE TO BOARD MEMBERS AND IN COMPLIANCE WITH DEBT COVENANTS. UNIVERSITY EMPLOYEE AND FACULTY HANDBOOKS ARE POSTED ON THE UNIVERSITY WEBSITE. IN ADDITION, ALL STAFF AND FACULTY RECEIVE A HARD COPY. THE CONFLICT OF INTEREST POLICY IS ANNUALLY DISTRIBUTED ONLY TO KEY EMPLOYEES, DIRECTORS, AND OFFICERS OF THE UNIVERSITY TO SIGN AND RETURN. |
| FORM 990, PART XI, LINE 9: | CHANGE IN VALUE OF INTEREST RATE SWAPS -4,233,006. RESTRICTED TRANSFERS- OUTSIDE INSTITUTIONS 3,000,036. |
| FORM 990, PART XII, LINE 2C: | THERE WERE NO CHANGES TO THE UNIVERSITY'S OVERSIGHT OR SELECTION PROCESSES DURING THE TAX YEAR. |
Schedule R IRS990ScheduleR
Id Disregarded Entities IdDisregardedEntitiesGrp (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Total IncomeTotalIncomeAmt | End Of Year AssetsEndOfYearAssetsAmt | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt | Address Line1ForeignAddress/AddressLine1Txt | CityForeignAddress/CityNm | Province Or StateForeignAddress/ProvinceOrStateNm | CountryForeignAddress/CountryCd | Legal Domicile Foreign CountryLegalDomicileForeignCountryCd |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| CORAM LANE LLC | ||||||||||||||
| 5151 PARK AVE | FAIRFIELD | CT | 05825 | 475563897 | OPERATION OF GREAT RIVER GOLF CLUB | CT | $2,958,047 | $6,589,476 | SACRED HEART UNIVERSITY | |||||
| SACRED HEART CAMPUS IN DINGLE | ||||||||||||||
| CURRICULUM EXPANSION | $1,619,501 | $1,358,126 | SACRED HEART UNIVERSITY | THE MALL | DINGLE | CO KERRY | EI | EI | ||||||
Comments