2021-05-17T11:54:48-05:00 2020-06-30 WithumSmithBrown PC 4600 EAST-WEST HWY 900 BETHESDA MD 208143423 990 2019-07-01 221508627 SAINT PETER'S UNIVERSITY % PAUL CIRAULO SAIN 2017617428 2641 KENNEDY BOULEVARD JERSEY CITY NJ 073065943 PAUL CIRAULO VP OF FINANCE 2017617428 2021-05-12 true RICHARD L RUVELSON P00234075 3012726000 2021-05-12 2019 2022-09-23 18:48:47Z EUGENE J CORNACCHIA PHD 2641 KENNEDY BOULEVARD JERSEY CITY NJ 073065943 132572308 false 0928 X WWW.SAINTPETERS.EDU X 1872 NJ SAINT PETER'S UNIVERSITY EDUCATES A DIVERSE COMMUNITY OF LEARNERS IN UNDERGRADUATE, GRADUATE AND PROFESSIONAL PROGRAMS TO EXCEL, LEAD, SERVE AND PROMOTE JUSTICE. 28 27 1494 150 15843 24214257 10379089 114683370 108969899 1696690 1833798 63450 34527 140657767 121217313 50465199 49031705 0 0 38806279 39054698 133630 97093 2120553 33746448 33884779 123151556 122068275 17506211 -850962 160553079 149302447 74746292 68026309 85806787 81276138 X SAINT PETER'S UNIVERSITY, INSPIRED BY ITS JESUIT, CATHOLIC IDENTITY, COMMITMENT TO INDIVIDUAL ATTENTION AND GROUNDING IN THE LIBERAL ARTS, EDUCATES A DIVERSE COMMUNITY OF LEARNERS IN UNDERGRADUATE, GRADUATE AND PROFESSIONAL PROGRAMS TO EXCEL INTELLECTUALLY, LEAD ETHICALLY, SERVE COMPASSIONATELY AND PROMOTE JUSTICE IN OUR EVER-CHANGING URBAN AND GLOBAL ENVIRONMENT. false false 80249679 49031705 98328814 INSTRUCTION AND ACADEMIC SUPPORT - THE UNIVERSITY PROVIDES ACCREDITED COURSES AND OTHER RELATED SERVICES TO APPROXIMATELY 3,800 STUDENTS, INCLUDING BOTH DAY AND EVENING SESSIONS, FOR FULL-TIME OR PART-TIME UNDERGRADUATE (50 PROGRAMS) AND SEVERAL GRADUATE STUDY PROGRAMS. FINANCIAL AID IS AWARDED TO STUDENTS FROM INSTITUTIONAL SOURCES BASED ON ACADEMIC ACHIEVEMENT, ATHLETIC ABILITY AND NEED. 23801941 10641085 STUDENT SERVICES - INCLUDES ENROLLMENT SERVICES, REGISTRAR, HEALTH AND COUNSELING PROGRAMS, FINANCIAL AID, CAMPUS MINISTRY, STUDENT CLUBS AND ORGANIZATIONS, INTERCOLLEGIATE AND INTRAMURAL SPORTS AND ACTIVITIES, AND STUDENT HOUSING. SPONSORED PROGRAMS - INCLUDES VARIOUS PRIVATE PROGRAMS FOR THE BENEFIT OF THE STUDENT BODY, SUCH AS ACADEMIC ENRICHMENT, ACADEMIC CHAIRS, CAPITAL CAMPAIGN, AND VARIOUS ENDOWED SCHOLARSHIPS. 104051620 true true false false false false false true true true true false true false true true false true true false false false false true false false false false true true true false false false false false false false false false false false false false false false true true true false false true 244 0 true 1494 true true true false false false false true true false false false false false false X 28 27 false false false false false false false true false false false true true true true true true true true false FL NJ NY X PAUL CIRAULO 2017617428 2641 KENNEDY BOULEVARD JERSEY CITY NJ 073065943 X EUGENE J CORNACCHIA PHD EX-OFFICIO TRUSTEE - PRESIDENT 55.0 0.0 X X 416318 0 105006 SHAHEEN HOLLOWAY MENS BASKETBALL COACH 55.0 0.0 X 244097 0 22247 FREDERICK P BONATO PROVOST/ACADEMIC VP 55.0 0.0 X 213046 0 20856 LEAH M LETO ED VP ADVANCEMENT 55.0 0.0 X 190388 0 28279 MILOS TOPIC VP IT & OPERATIONS 55.0 0.0 X 170933 0 28789 HECTOR O PAREDES VP - FINANCE & BUSINESS 55.0 0.0 X 182594 0 9368 ANDREA BUBKA PROFESSOR OF PSYCHOLOGY 55.0 0.0 X 159103 0 16923 ELIZABETH SULLIVAN VP ENROLLMENT & MARKETING 55.0 0.0 X 165000 0 8326 MARYELLEN HAMILTON PROFESSOR OF PSYCHOLOGY 55.0 0.0 X 152073 0 20871 GERARD PROTOMASTRO PROFESSOR OF MATHEMATICS 55.0 0.0 X 150239 0 12731 VIRGINIA BENDER PHD SEC/SPEC ASST TO PRESIDENT 55.0 0.0 X 153731 0 7822 LEONARD J SCIORRA SCHUH PROFESSOR 55.0 0.0 X 154098 0 6986 JEFFREY HANDLER MA VP ENROLLMENT MGMT & MKTG 55.0 0.0 X 102777 0 8099 ERIN MCCANN VP STUDENT LIFE & DEVELOPMENT 55.0 0.0 X 96960 0 13726 FRANK L FEKETE CPA CHAIR - TRUSTEE 1.0 0.0 X X 0 0 0 SUSAN P MITCHELL-ABBATE VICE CHAIR - TRUSTEE 1.0 0.0 X X 0 0 0 CAROL B BASTEK EDD TRUSTEE 1.0 0.0 X 0 0 0 KENNETH BOLLER SJ TRUSTEE 1.0 0.0 X 0 0 0 CLAUDIO M BURGALETA SJPHD TRUSTEE 1.0 0.0 X 0 0 0 JOSEPH CONSTANTINO SJ TRUSTEE 1.0 0.0 X 0 0 0 JAMES M CONTI TRUSTEE 1.0 0.0 X 0 0 0 ROBERT A CUTRO TRUSTEE 1.0 0.0 X 0 0 0 KEVIN J DOWNES TRUSTEE 1.0 0.0 X 0 0 0 JOESPH R GROMEK TRUSTEE 1.0 0.0 X 0 0 0 KEVIN P GUCKIAN CPA TRUSTEE 1.0 0.0 X 0 0 0 MARK G KAHRER TRUSTEE 1.0 0.0 X 0 0 0 RICHARD P LIBRETTI TRUSTEE 1.0 0.0 X 0 0 0 CHARLES M LIZZA ESQ TRUSTEE 1.0 0.0 X 0 0 0 KATHLEEN M MCKENNA ESQ TRUSTEE 1.0 0.0 X 0 0 0 KENNETH MOORE TRUSTEE 1.0 0.0 X 0 0 0 JOSEPH A PANEPINTO ESQ TRUSTEE 1.0 0.0 X 0 0 0 SHARON A PASTORE TRUSTEE 1.0 0.0 X 0 0 0 ANTHONY O PERGOLA ESQ TRUSTEE 1.0 0.0 X 0 0 0 JOSEPH P PIERONI TRUSTEE 1.0 0.0 X 0 0 0 FAUSTO ROTUNDO CPA TRUSTEE 1.0 0.0 X 0 0 0 J PAUL SCHAETZLE TRUSTEE 1.0 0.0 X 0 0 0 ROBERT L TORTORIELLO ESQ TRUSTEE 1.0 0.0 X 0 0 0 JOHN B WILSON TRUSTEE 1.0 0.0 X 0 0 0 RAYMOND A YANNUZZI DA TRUSTEE 1.0 0.0 X 0 0 0 THOMAS P MAC MAHON TRUSTEE 1.0 0.0 X 0 0 0 AIDAH MUHAMMAD TRUSTEE 1.0 0.0 X 0 0 0 FATHER ROCCO DANZI VP MISSION & MINISTRY (SCH. O) 55.0 0.0 X 0 0 0 FATHER JOHN HYATT PAROCHIAL VICAR (SCH. O) 55.0 0.0 X 0 0 0 2551357 0 310029 56 false true false SODEXO INC 9801 WASHINGTONIAN BLVD GAITHERSBURG MD 20878 FOOD SERVICES 3928281 SUMMIT SECURITY SERVICES INC 390 EAB PLAZA UNIONDALE NY 115563829 SECURITY 2261437 ARAMARK 1101 MARKET STREET PHILADELPHIA PA 19107 FACILITIES MGMT 2050932 COLLINS BUILDING SERVICES INC 24-01 44TH ROAD 15TH FLOOR LONG ISLAND CITY NY 11101 CUSTODIAL SERVICES 1583912 ELLUCIAN COMPANY LP 2300 MAITLAND CENTER PKWY 340 MAITLAND FL 32751 INFO TECH SERVICES 970285 25 4693423 5685666 10379089 TUITION AND FEES 900099 98328814 98328814 AUXILIARY ENTERPRISES 900099 9439760 9439760 OTHER PROGRAMS RELATED REVENUES 900099 1201325 1201325 108969899 1540409 1540409 0 0 624764 590237 34527 0 34527 15843 18684 11058147 10764758 293389 293389 293389 0 0 0 0 0 0 0 0 0 0 121217313 108969899 15843 1852482 0 49031705 49031705 0 0 1850004 0 1471245 378759 0 29408838 24735410 3728355 945073 848785 437643 385781 25361 4638207 4329043 240722 68442 2308864 1689385 526879 92600 0 112411 4673 107738 135200 135200 0 97093 97093 196158 196158 1092360 439601 537307 115452 1708910 1558887 66394 83629 2066697 1369467 531034 166196 148996 115913 33083 0 12089697 7730319 4353143 6235 726264 580988 130159 15117 0 1046433 784554 153186 108693 2072113 1759948 312165 0 5157263 4126553 1030710 724489 219006 505483 MEAL PLANS 2682582 2682582 ATHLETICS 352979 352979 DATABASES, PERIODICALS, ETC. 328779 139343 188644 792 BAD DEBT 1000000 1000000 2243448 1963621 262716 17111 122068275 104051620 15896102 2120553 5814572 1588245 8375617 3822049 15960654 13919912 3030478 2707447 0 0 0 0 0 0 0 0 677273 700296 181072786 92086775 89953742 88986011 0 0 0 0 35170734 35108796 807900 730837 762109 1738854 160553079 149302447 5754940 2936269 1498 1816903 2002986 1956635 24151756 21702626 14410 8410 0 0 26860430 21808926 0 0 15960272 17796540 74746292 68026309 X 22094765 18101647 63712022 63174491 85806787 81276138 160553079 149302447 X -850962 -904570 -2775117 X false true X true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X false true 3870 3870 true X 35659030 431794 676016 2028438 34738402 34385256 517243 2399363 1642832 35659030 32042227 1768657 2029724 1455352 34385256 30458701 635352 2588622 1640448 32042227 30999878 926430 -7357 1460248 30458703 0.05760 0.79920 0.14320 true false 8881360 8881360 139328254 67688549 71639705 2149849 1424292 725557 25638517 22479527 3158990 5074806 494407 4580399 88986011 CASH & CASH EQUIVALENTS 1483890 F MONEY MARKET FUNDS 265346 F CORPORATE STOCKS 10526372 F CORPORATE BONDS 1877328 F MUTUAL FUNDS 16610673 F CLOSED END FUNDS 1547015 F US GOVERNMENT SECURITIES 2504582 F LIMITED PARTNERSHIPS 293590 F 35108796 0 ANNUITY PAYMENT OBLIGATIONS 1440465 ASSET RETIREMENT OBLIGATIONS 598317 INTEREST RATE SWAP AGREEMENT 2596843 OBLIGATIONS 12265754 CAPITAL LEASE OBLIGATIONS 895161 17796540 SCHEDULE D, PART III; QUESTION 4 SAINT PETER'S UNIVERSITY COLLECTIONS INCLUDE ART WORKS, PAINTINGS, SCULPTURES, POSTERS, DOCUMENTA AND OTHER ARTIFACTS, AND ARE ALL EMPLOYED IN THE EDUCATION OF STUDENTS ON THE WORLD'S RICH, HISTORICAL AND CULTURAL TRADITIONS. SCHEDULE D, PART IV THIS AMOUNT REPRESENTS TENANT RENT SECURITY DEPOSITS HELD IN ESCROW. SCHEDULE D, PART V SAINT PETER'S UNIVERSITY ENDOWMENT CONSISTS OF APPROXIMATELY 172 INDIVIDUAL FUNDS ESTABLISHED MAINLY FOR SCHOLARSHIPS. ITS ENDOWMENT INCLUDES BOTH DONOR-RESTRICTED FUNDS AND FUNDS DESIGNATED BY THE BOARD OF TRUSTEES TO FUNCTION AS ENDOWMENTS. AS REQUIRED BY ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA, NET ASSETS ASSOCIATED WITH ENDOWMENT FUNDS, INCLUDING FUNDS DESIGNATED BY THE BOARD OF TRUSTEES TO FUNCTION AS ENDOWMENTS, ARE CLASSIFIED AND REPORTED BASED ON THE EXISTENCE OR ABSENCE OF DONOR-IMPOSED RESTRICTIONS. THE UNIVERSITY'S ENDOWMENT FUNDS ARE USED TO FURTHER ITS EXEMPT PURPOSES BY PROVIDING SCHOLARSHIPS, CONSTRUCTING FACILITIES AND FUNDING THE GENERAL ACTIVITIES AND OPERATIONS OF THE UNIVERSITY. SCHEDULE D, PART X AN INDEPENDENT CPA FIRM AUDITED THE CONSOLIDATED FINANCIAL STATEMENTS OF SAINT PETER'S UNIVERSITY AND AFFILIATES FOR THE YEARS ENDED JUNE 30, 2020 AND JUNE 30, 2019; RESPECTIVELY AN UNMODIFIED OPINION WAS ISSUED BY INDEPENDENT CPA FIRM EACH YEAR. THE FOLLOWING IS THE TEXT OF THE FOOTNOTE IN THE ORGANIZATION'S FISCAL YEAR ENDED JUNE 30, 2020 CONSOLIDATED FINANCIAL STATEMENTS THAT REPORTS THE UNIVERSITY'S LIABILITY FOR UNCERTAIN TAX POSITIONS UNDER FIN 48 (ASC 740): SAINT PETER'S UNIVERSITY AND SAINT PETER'S COLLEGE REALTY HOLDING CORP., INC. ARE EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) AND 501(C)(2), RESPECTIVELY, OF THE INTERNAL REVENUE CODE AND A SIMILAR PROVISION OF THE NEW JERSEY STATE INCOME TAX IGNATIUS HALL DEVELOPMENT, INC. IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) THROUGH A GROUP EXMEPTION THROUGH THE ARCHDIOCESE OF NEWARK. REVENUE FROM UNRELATED ACTIVITIES IS SUBJECT TO UNRELATED BUSINESS INCOME TAX. SAINT PETER'S AND REALTY HAD NO TAXES DUE FOR THE YEARS ENDED JUNE 30, 2020 AND 2019. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN REFLECTED IN THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS. SAINT PETER'S UNIVERSITY HAS NO UNRECOGNIZED TAX BENEFITS AT JUNE 30, 2020 AND 2019 AND INCURRED NO INTEREST AND PENALTIES FOR THE YEARS ENDED JUNE 30, 2020 AND 2019. true true true true true true true false false false false false false false false true false true SCHEDULE E, PART I, QUESTION 3 THE SAINT PETER'S UNIVERSITY ("UNIVERSITY") RACIALLY NONDISCRIMINATORY POLICY IS DESCRIBED IN ALL LITERATURE PUBLISHED FOR GENERAL DISTRIBUTION, WITHIN THE STUDENT HANDBOOK AND ON THE UNIVERSITY'S WEBSITE. SCHEDULE E, PART I, QUESTION 6A SAINT PETER'S UNIVERSITY ("UNIVERSITY") PARTICIPATES IN VARIOUS FEDERAL AND STATE FINANCIAL AID PROGRAMS FOR THE BENEFIT OF STUDENTS WHO ATTEND THE UNIVERSITY. THESE PROGRAMS HAVE STRICT REQUIREMENTS FOR PARTICIPATION AND THE UNIVERSITY IS SUBJECT TO GOVERNMENT PROGRAM REVIEWS COVERING COMPLIANCE WITH LAWS AND REGULATIONS. SPECIFIC AREAS OF REVIEW INCLUDE STUDENT PROGRAM ELIGIBILITY, COORDINATION OF FINANCIAL AID PROGRAMS AND OTHER MATTERS. X X X X X X X true COMMUNITY COUNSELING SERVICE COMPAN 527 MADISON AVE FL 5 NEW YORK NY 10022 STRATEGIC ADVICE false 0 50000 0 RUFFALO NOEL LEVITZ 1025 KIRKWOOD PKWY SW CEDAR RAPIDS IA 52404 TELEMRKTING false 45114 56953 0 MOBILECAUSE INC 27001 AGOURA ROAD 350A CALABASAS CA 91301 CROWD FUNDING false 15946 4188 11758 PLEDGEMINE 4630 WEAVER PARKWAY WARRENVILLE IL 60555 DIRECT MAIL false 219632 33960 185672 280692 145101 197430 AK CO MA MT SC true SCHOLARSHIPS 2190 47687105 CARES HEERF STUDENT RELIEF GRANTS 1822 1344600 SCHEDULE I, PART I; QUESTION 2 SAINT PETER'S UNIVERSITY ("UNIVERSITY") PROVIDES SCHOLARSHIPS TO STUDENTS MATRICULATING AT THE UNIVERSITY FOR VARIOUS REASONS INCLUDING, BUT NOT LIMITED TO, ACADEMIC PERFORMANCE, STUDENT INSTITUTIONAL AID AND ATHLETICS. THEREFORE, ALL FUNDS GRANTED ARE USED TO DEFRAY THE COST OF TUITION AND NO FURTHER MONITORING OF THE GRANTS IS REQUIRED. X true true X X X X false true false false false false false true false EUGENE J CORNACCHIA PHD EX-OFFICIO TRUSTEE - PRESIDENT 366318 0 50000 37623 0 67383 0 521324 0 0 0 HECTOR O PAREDES VP - FINANCE & BUSINESS 182594 0 9135 0 233 0 191962 0 0 0 LEAH M LETO ED VP ADVANCEMENT 160388 0 30000 8533 0 19746 0 218667 0 0 0 MILOS TOPIC VP IT & OPERATIONS 170933 0 9060 0 19729 0 199722 0 0 0 VIRGINIA BENDER PHD SEC/SPEC ASST TO PRESIDENT 153731 0 7687 0 135 0 161553 0 0 0 FREDERICK P BONATO PROVOST/ACADEMIC VP 213046 0 10912 0 9944 0 233902 0 0 0 ANDREA BUBKA PROFESSOR OF PSYCHOLOGY 113771 0 45332 5843 0 11080 0 176026 0 0 0 LEONARD J SCIORRA SCHUH PROFESSOR 138422 0 15676 6921 0 65 0 161084 0 0 0 MARYELLEN HAMILTON PROFESSOR OF PSYCHOLOGY 97701 0 54372 5270 0 15601 0 172944 0 0 0 GERARD PROTOMASTRO PROFESSOR OF MATHEMATICS 121977 0 28262 6185 0 6546 0 162970 0 0 0 SHAHEEN HOLLOWAY MENS BASKETBALL COACH 137903 0 106194 7286 0 14961 0 266344 0 0 0 ELIZABETH SULLIVAN VP ENROLLMENT & MARKETING 165000 0 8250 0 76 0 173326 0 0 0 PART VII AND SCHEDULE J IN ACCORDANCE WITH FORM 990 RULES, REGULATIONS, AND INSTRUCTIONS FOR TAXPAYERS WITH A FISCAL YEAR-END, TAXABLE COMPENSATION REPORTED HEREIN IS DERIVED FROM 2019 FORMS W-2. SCHEDULE J, PART I; QUESTION 1 THE PRESIDENT, EUGENE J. CORNACCHIA, PH.D., RESIDES IN A UNIVERSITY-OWNED PROPERTY AS A CONDITION OF EMPLOYMENT AND FOR THE CONVENIENCE OF THE UNIVERSITY. THE FAIR MARKET VALUE OF THE UNIVERSITY-OWNED PROPERTY AMOUNTED TO APPROXIMATELY $53,708 IN 2019 AND WAS NOT INCLUDED AS TAXABLE WAGES ON THE PRESIDENT'S 2019 FORM W-2. HOUSING ON THE SCHOOL CAMPUS IS PROVIDED TO MR. CORNACCHIA, AS REQUIRED BY THE TERMS OF HIS EMPLOYMENT FOR THE CONVENIENCE OF THE SCHOOL, AND IS TREATED AS NON-TAXABLE UNDER SECTION 119 OF THE INTERNAL REVENUE CODE. SCHEDULE J, PART I; QUESTION 4B EUGENE J. CORNACCHIA, PH.D., PRESIDENT, PARTICIPATED IN AN INTERNAL REVENUE CODE SECTION 457(b) NON-QUALIFIED DEFERRED COMPENSATION PLAN. SCHEDULE J, PART I; QUESTION 7 CERTAIN INDIVIDUALS INCLUDED IN SCHEDULE J, PART II RECEIVED A BONUS DURING CALENDAR YEAR 2019 WHICH AMOUNTS WERE INCLUDED IN COLUMN B(II) HEREIN AND IN EACH INDIVIDUAL'S 2019 FORM W-2, BOX 5, AS TAXABLE MEDICARE WAGES. PLEASE REFER TO THIS SECTION OF THE FORM 990, SCHEDULE J FOR THIS INFORMATION BY PERSON BY AMOUNT. A NJ EDUCATIONAL FACILITIES AUTHORITY 221829511 2007-12-28 36053466 REFINANCE/EXTINGUISH DEBT false false false B NJ EDUCATIONAL FACILITIES AUTHORITY 221829511 2016-07-26 1372934 REFINANCE SERIES 2000B false false false C NJ EDUCATIONAL FACILITIES AUTHORITY 221829511 2016-12-20 1008102 RENOVATION OF POPE HALL false false false A 14991748 0 36053466 0 0 0 840367 0 0 0 3268298 0 2007 true true true true B 926657 0 1372934 0 0 0 3196 0 0 0 1369738 0 2016 true false true true C 813471 0 1008102 0 0 0 8103 0 0 1000000 0 0 2017 false false true true A false false false 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 A true true true CAPITAL ONE BANK 20. true false false 0 true B true true false 0 false 0 false true C true true false 0 false 0 false true A B true C true PART VI, SECTION A, LINE 8 - DOCUMENTATION OF MEETINGS The organization's Board of Trustees has several committees that meet on a regular basis. Although there is no formal contemporaneous documentation for these meetings at the committee level, each committee reports directly to the organization's Board of Trustees wherein all discussions at the committee levels are documented in written meeting minutes of the full Board of Trustees. PART VI, SECTION B, LINE 11B - PROCESS USED TO REVIEW FORM 990 THE SAINT PETER'S UNIVERSITY ("UNIVERSITY") FEDERAL FORM 990 WAS PROVIDED TO EACH VOTING MEMBER OF ITS GOVERNING BODY, ITS BOARD OF TRUSTEES, PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE ("IRS"). IN ADDITION, THE UNIVERSITY'S AUDIT COMMITTEE PERFORMED A DETAILED REVIEW OF THE FEDERAL FORM 990. THE UNIVERSITY'S BOARD OF TRUSTEES HAS DELEGATED TO THE AUDIT COMMITTEE THE RESPONSIBILITY TO OVERSEE AND COORDINATE THE FEDERAL FORM 990 PREPARATION, REVIEW AND FILING PROCESS FOR THE UNIVERSITY AND ITS AFFILIATE. AS PART OF THE TAX RETURN PREPARATION PROCESS, THE UNIVERSITY HIRED A PROFESSIONAL CPA FIRM WITH EXPERIENCE AND EXPERTISE IN BOTH EDUCATION AND NOT-FOR-PROFIT TAX RETURN PREPARATION TO PREPARE THE FEDERAL FORM 990. THE CPA FIRM'S TAX PROFESSIONALS WORKED CLOSELY WITH THE UNIVERSITY'S FINANCE PERSONNEL INCLUDING, BUT NOT LIMITED TO, THE VICE PRESIDENT OF FINANCE AND BUSINESS AND CONTROLLER ("INTERNAL WORKING GROUP") TO OBTAIN THE INFORMATION NEEDED IN ORDER TO PREPARE A COMPLETE AND ACCURATE TAX RETURN. THE CPA FIRM PREPARED A DRAFT FEDERAL FORM 990 AND FURNISHED IT TO THE UNIVERSITY'S INTERNAL WORKING GROUP FOR REVIEW. THE INTERNAL WORKING GROUP REVIEWED THE DRAFT FEDERAL FORM 990 AND DISCUSSED QUESTIONS AND COMMENTS WITH THE CPA FIRM. REVISIONS WERE MADE TO THE DRAFT FEDERAL FORM 990 WHERE NECESSARY AND A FINAL DRAFT WAS FURNISHED BY THE CPA FIRM TO THE UNIVERSITY'S INTERNAL WORKING GROUP FOR FINAL REVIEW AND APPROVAL. PART VI, SECTION B, LINE 12 - CONFLICT OF INTEREST POLICY SAINT PETER'S UNIVERSITY ("UNIVERSITY") REGULARLY MONITORS AND ENFORCES COMPLIANCE WITH ITS CONFLICT OF INTEREST POLICY. ANNUALLY ALL MEMBERS OF THE BOARD OF TRUSTEES, DIRECTORS, OFFICERS AND MEMBERS OF SENIOR MANAGEMENT ARE REQUIRED TO REVIEW THE EXISTING CONFLICT OF INTEREST POLICY AND COMPLETE A QUESTIONNAIRE. THE COMPLETED QUESTIONNAIRES ARE RETURNED TO THE ORGANIZATION'S SECRETARY OF THE BOARD FOR REVIEW. THEREAFTER, THE ORGANIZATION'S SECRETARY OF THE BOARD PREPARES A SUMMARY OF THE COMPLETED QUESTIONNAIRES WHICH CONTAINS INFORMATION DISCLOSED ON AN INDIVIDUAL BY INDIVIDUAL BASIS. IF APPLICABLE, THE SECRETARY TO THE BOARD PRESENTS THIS SUMMARY TO THE UNIVERSITY'S EXECUTIVE COMMITTEE FOR ITS REVIEW, DISCUSSION, INVESTIGATION AND IMPLEMENTATION OF ANY NECESSARY MITIGATING BEHAVIOR. PART VI, SECTION B, LINE 15 - DETERMINATION OF COMPENSATION THE SAINT PETER'S UNIVERSITY ("UNIVERSITY") BOARD OF TRUSTEES HAS AN EXECUTIVE COMPENSATION COMMITTEE ("COMMITTEE"). THE COMMITTEE REVIEWS THE "TOTAL COMPENSATION" OF THE UNIVERSITY'S PRESIDENT WHICH IS INTENDED TO INCLUDE BOTH CURRENT AND DEFERRED COMPENSATION AND ALL EMPLOYEE BENEFITS, BOTH QUALIFIED AND NON-QUALIFIED. THE COMMITTEE'S REVIEW IS DONE ON A CONTRACT RENEWAL BASIS WITH PERFORMANCE BONUSES REVIEWED AND APPROVED ANNUALLY. THE COMMITTEE ENSURES THAT THE "TOTAL COMPENSATION" OF THE PRESIDENT OF THE UNIVERSITY IS REASONABLE. THE COMMITTEE OBTAINS AND RELIES UPON "APPROPRIATE DATA AS TO COMPARABILITY" PRIOR TO MAKING ITS DETERMINATION. THE COMMITTEE IS COMPRISED OF MEMBERS OF THE BOARD OF TRUSTEES, EACH OF WHOM ARE INDEPENDENT AND ARE FREE FROM ANY CONFLICTS OF INTEREST. Although there is no formal contemporaneous documentation for the executive compensation committee meetings at the committee level, this committee reports directly to the organization's Board of Trustees wherein all discussions at the committee level are documented in written meeting minutes of the full Board of Trustees. THE COMPENSATION AND BENEFITS OF OTHER EXECUTIVES REPORTED IN CORE FORM, PART VII AND SCHEDULE J OF THIS FORM 990 ARE REVIEWED ANNUALLY BY THE PRESIDENT WITH ASSISTANCE FROM THE UNIVERSITY'S HUMAN RESOURCES DEPARTMENT IN CONJUNCTION WITH THE INDIVIDUAL'S JOB PERFORMANCE DURING THE YEAR AND IS BASED UPON OTHER OBJECTIVE FACTORS DESIGNED TO ENSURE THAT REASONABLE AND FAIR MARKET VALUE COMPENSATION IS PAID BY THE UNIVERSITY. OTHER OBJECTIVE FACTORS INCLUDE MARKET SURVEY DATA FOR COMPARABLE POSITIONS, INDIVIDUAL GOALS AND OBJECTIVES, PERSONNEL REVIEWS, EVALUATIONS, SELF-EVALUATIONS AND PERFORMANCE FEEDBACK MEETINGS. PART VI, SECTION C, LINE 19 - AVAILABILITY OF GOVERNING DOCUMENTS THE SAINT PETER'S UNIVERSITY ("UNIVERSITY") FILED CERTIFICATE OF INCORPORATION AND ANY AMENDMENTS CAN BE OBTAINED AND REVIEWED THROUGH THE STATE OF NEW JERSEY DEPARTMENT OF THE TREASURY. THE UNIVERSITY'S FINANCIAL STATEMENTS, GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE TO THE PUBLIC UPON REQUEST AND AT MANAGEMENT'S DISCRETION. PART VII AND SCHEDULE J CORE FORM, PART VII AND SCHEDULE J REFLECT CERTAIN BOARD MEMBERS RECEIVING COMPENSATION AND BENEFITS FROM THIS ORGANIZATION. PLEASE NOTE THIS REMUNERATION WAS FOR SERVICES RENDERED AS FULL-TIME EMPLOYEES OF THIS ORGANIZATION AND NOT FOR SERVICES RENDERED AS A VOTING MEMBER OF THIS ORGANIZATION'S BOARD OF TRUSTEES. PART VII, SECTION A, COLUMN B - AVERAGE HOURS PER WEEK CERTAIN BOARD OF TRUSTEE MEMBERS OR OFFICERS LISTED ON CORE FORM, PART VII AND SCHEDULE J OF THIS FORM 990 MAY HOLD SIMILAR POSITIONS WITH BOTH SAINT PETER'S UNIVERSITY ("UNIVERSITY") AND ITS AFFILIATE. THE HOURS SHOWN ON THIS FORM 990, FOR BOARD MEMBERS WHO RECEIVE NO COMPENSATION FOR SERVICES RENDERED IN A NON-BOARD CAPACITY, REPRESENT THE ESTIMATED HOURS DEVOTED PER WEEK TO THE UNIVERSITY. TO THE EXTENT THESE INDIVIDUALS SERVE AS A MEMBER OF THE BOARD OF TRUSTEES OF THE UNIVERSITY'S AFFILIATE, THEIR RESPECTIVE HOURS PER WEEK ARE APPROXIMATELY THE SAME AS REFLECTED IN PART VII OF THIS FORM 990. THE HOURS REFLECTED ON PART VII OF THIS FORM 990, FOR BOARD MEMBERS WHO RECEIVE COMPENSATION FOR SERVICES RENDERED IN A NON-BOARD CAPACITY AND PAID OFFICERS, REFLECT TOTAL HOURS WORKED PER WEEK ON BEHALF OF THE BOTH THE UNIVERSITY AND ITS AFFILIATE; NOT SOLELY THE UNIVERSITY. PART XI, LINE 9 - OTHER CHANGES IN NET ASSETS OTHER CHANGES IN NET ASSETS OR FUND BALANCES INCLUDE: -CHANGE IN PENSION OTHER THAN NET PERIODIC PENSION COST - ($2,237,758); -CHANGE IN FAIR VALUE OF SPLIT-INTEREST AGREEMENTS - ($107,852); -CHANGE IN FAIR VALUE OF INTEREST RATE SWAP AGREEMENTS - ($429,507). PART XII, LINE 2 - AUDIT COMMITTEE OVERSIGHT AN INDEPENDENT CPA FIRM AUDITED THE CONSOLIDATED FINANCIAL STATEMENTS OF SAINT PETER'S UNIVERSITY ("UNIVERSITY") AND AFFILIATES FOR THE YEARS ENDED JUNE 30, 2020 AND JUNE 30, 2019; RESPECTIVELY. AN UNMODIFIED OPINION WAS ISSUED BY THE INDEPENDENT CPA FIRM EACH YEAR. THE UNIVERSITY'S AUDIT COMMITTEE ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF THE UNIVERSITY'S CONSOLIDATED FINANCIAL STATEMENTS AND THE SELECTION OF ITS INDEPENDENT AUDITOR. ST PETER'S COLLEGE REALTY HOLDING INC 30 MONTGOMERY STREET 15TH FL JERSEY CITY NJ 07302 201412644 REAL ESTATE NJ 501(C)(2) SPU true IGNATIUS HALL DEVELOPMENT INC 2641 JOHN F KENNEDY BOULEVARD JERSEY CITY NJ 07306 825524327 SUPPORT SPU NJ 501(C)(3) 12A TYPE 1 SPU true SPJC MANAGEMENT 2641 KENNEDY BOULEVARD JERSEY CITY NJ 07306 201447046 INACTIVE NJ SPU C CORP. 0 241222 1.00000 true ST PETER'S UNIVERSITY EVENTS COMPANY 2641 KENNEDY BOULEVARD JERSEY CITY NJ 07306 472969571 SUPPORT SPU NJ SPU C CORP. 155523 400856 1.00000 true false false false true false false false false false false false false false false true false false true false IGNATIUS HALL DEVELOPMENT INC D 888603 NET BOOK VALUE