2018-04-30T13:19:48-05:00 2017-06-30 Grant Thornton LLP 757 THIRD AVENUE New York NY 10017 990 2016-07-01 221500645 Seton Hall University % STEPHEN A GRAHAM SETO 9737619318 400 South Orange Avenue South Orange NJ 07079 STEPHEN A GRAHAM VP For Finance/CFO 9737619003 2018-04-30 true Daniel Romano P00504182 2125429609 149.150.236.216 22616120181205000000 2018-04-30 P A166F02AEB0161A5B972E064B291BD15D5C6AD8D A166F02AEB0161A5B972E064B291BD15D5C6AD8D 2016 2021-01-29 14:40:06Z Mary J Meehan 400 South Orange Avenue South Orange NJ 07079 626033000 false 0928 X www.shu.edu X 1856 NJ SETON HALL UNIVERSITY IS A CATHOLIC INSTITUTION OF HIGHER EDUCATION 48 38 4198 930 534000 44070000 42295000 336178000 343376000 9974000 17150000 10695000 12144000 400917000 414965000 128991000 132700000 0 0 166685000 169597000 0 0 7051000 105115000 96466000 400791000 398763000 126000 16202000 618392000 714992000 197987000 265530000 420405000 449462000 X SEE SCHEDULE O false false 253905000 121794000 347160000 Educational - Seton Hall University operates to provide baccalaureate, masters, and doctoral degrees. It enrolls 9,850 undergraduate and graduate students. The University is composed of ten schools located on two campuses, including its Law School located in Newark, New Jersey. Day and evening sessions accommodate both commuter and residential students on a part-time and full time basis. 87269000 10227000 5194000 Academic Support and Student Services - Academic Support provides support services, such as libraries, academic technology, faculty curriculum development, for its primary missions of instruction, research and public service. Student services provide various services to students, which contribute to the students' emotional and physical well-being and to their intellectual, cultural and social development outside the context of the University's formal instructional programs. 8354000 679000 80000 Research, Training & Public Services - Enables faculty to explore new areas of education, learning and knowledge and provides non-instructional services to individuals and groups external to the University. The University also offers financial support to students through academic scholarships and work-study programs, which are funded by federal, state and private grants. 349528000 true true false true false false false true false true true true false true true true true false true true true false false false true false false true true true true false false false false false false true false true true true true false false false true false false false true 371 0 true 4198 true true true false false false false true true false false false false X 48 38 false false false false false true true true true false false true true true true true true true true false X X X STEPHEN A GRAHAM 9737619003 400 SOUTH ORANGE AVENUE South Orange NJ 07079 X X Mary J MeehanPhD Interim Pres./Regent/Trustee 45.0 0.0 X X 0 0 0 A Gabriel EstebanPhD President/Regent/Trustee 45.0 0.0 X X 787960 0 101819 Cardinal Joseph W Tobin Regent/Trustee 1.0 0.0 X 0 0 0 Most Rev John J Myers Regent/Trustee 1.0 0.0 X 0 0 0 Most Rev James F Checchio Regent 1.0 0.0 X 0 0 0 Most Rev Kurt R Burnette Regent 1.0 0.0 X 0 0 0 Most Rev Arthur J Serratelli Regent/Trustee 1.0 0.0 X 0 0 18550 Most Rev Dennis J Sullivan Regent 1.0 0.0 X 0 0 0 Monsignor Michael A Andreano Trustee 1.0 0.0 X 0 0 0 Sr Margaret StallmeyerCDP Regent 1.0 0.0 X 0 0 0 Henry F D'Alessandro Regent/Trustee 1.0 0.0 X 0 0 0 Francis J Hager Regent/Trustee 1.0 0.0 X 0 0 0 Phillip N Maisano Regent/Trustee 1.0 0.0 X 0 0 0 Patrick M Murray Regent/Trustee 1.0 0.0 X 0 0 0 Mary Ann Christopher Regent/Trustee 1.0 0.0 X 0 0 0 Dr Margaret Dames Trustee 1.0 0.0 X 0 0 0 Pamela M SwartzbergEsq Trustee 1.0 0.0 X 0 0 0 Robert S Basso Regent 1.0 0.0 X 0 0 0 Mark D Benjamin Regent 1.0 0.0 X 0 0 0 James T BoyleJr Regent 1.0 0.0 X 0 0 0 Robert B BudelmanEsq Regent 1.0 0.0 X 0 0 0 Edward C Cerny Regent 1.0 0.0 X 0 0 0 Eun-Sook Lucy Cho-LeeMD Regent 1.0 0.0 X 0 0 0 James E Collins Regent/Trustee 1.0 0.0 X 0 0 0 Ryan K Duffy Regent 1.0 0.0 X 0 0 0 Mark E Ganton Regent 1.0 0.0 X 0 0 0 David B Gerstein Regent 1.0 0.0 X 0 0 0 John D Hayes Regent 1.0 0.0 X 0 0 0 Helen Lerner Regent 1.0 0.0 X 0 0 0 Robert A Ley Regent 1.0 0.0 X 0 0 0 Richard F Liebler Regent 1.0 0.0 X 0 0 0 Dr Michael Loeven Regent 1.0 0.0 X 0 0 0 Michael J Lucciola Regent 1.0 0.0 X 0 0 0 Richard Mandelbaum Regent 1.0 0.0 X 0 0 0 Beatriz M Manetta Regent 1.0 0.0 X 0 0 0 Kevin H MarinoEsq Regent 1.0 0.0 X 0 0 0 Richard C McMahon Regent 1.0 0.0 X 0 0 0 Charles F Murphy Regent 1.0 0.0 X 0 0 0 James M O'Brien Regent 1.0 0.0 X 0 0 0 James L Orsini Regent 1.0 0.0 X 0 0 0 Joseph M Sheridan Regent 1.0 0.0 X 0 0 0 Robert J Sloan Regent 1.0 0.0 X 0 0 0 John F Swift Regent 1.0 0.0 X 0 0 0 Stephen G Waldis Regent 1.0 0.0 X 0 0 0 Dr John F Williams Regent 1.0 0.0 X 0 0 0 Leo J Zatta Regent 1.0 0.0 X 0 0 0 Monsignor Robert Coleman Regent/Trustee 45.0 0.0 X 48918 0 67420 Monsignor Thomas P Nydegger Regent/Trustee 1.0 45.0 X 850 45573 39380 Monsignor Joseph R Reilly Trustee 45.0 0.0 X 36587 0 103940 Monsignor Robert J Wister Trustee 45.0 0.0 X 34334 0 62620 Monsignor Anthony ZiccardiSTD V.P. Mission & Ministry 45.0 0.0 X 52733 0 62620 Larry A RobinsonEdD Provost & Executive V.P. 45.0 0.0 X 499485 0 72524 David J BohanMBA V.P. University Advancement 45.0 0.0 X 359755 0 59423 Matthew BorowickMBA Interim V.P. University Adv. 45.0 0.0 X 174953 0 120083 Dennis J GarbiniMBA V.P. Administration 45.0 0.0 X 288472 0 48330 Tracy H GottliebPhD V.P. Student Services 45.0 0.0 X 220597 0 52267 Stephen A GrahamMBA V.P. Finance & CFO 45.0 0.0 X 256945 0 40492 Catherine A KiernanJD V.P. General Counsel 45.0 0.0 X 272293 0 93843 Alyssa McCloudPhD V.P. Enrollment Management 45.0 0.0 X 324153 0 34538 Patrick G LyonsMBA V.P.For Athletics & Rec. Svcs. 45.0 0.0 X 478447 0 48058 Karen E BoroffPhD Interim Provost 45.0 0.0 X 153616 0 39355 Kathleen BoozangJDLLM Dean, School of Law 45.0 0.0 X 330283 0 34327 Joyce A StrawserPhD Dean, School of Business 45.0 0.0 X 248392 0 126389 Kevin Willard Head Coach Men's Basketball 45.0 0.0 X 1741454 0 69494 John B WeifingJDLLM Law School Professor 45.0 0.0 X 478459 0 6081 John CoverdaleJDPhD Law School Professor 45.0 0.0 X 432036 0 12868 Anthony J Bozzella Head Coach Women's Basketball 45.0 0.0 X 371461 0 119069 Brian B ShulmanPhD Dean, School of Health & Med. 45.0 0.0 X 266180 0 35927 7858363 45573 1469417 262 false true false Gourmet Dining Services 400 South Orange Avenue SOUTH ORANGE NJ 07079 Catering 10431261 Samuel S Graham Inc 12 Merry Lane EAST HANOVER NJ 07936 General Contracting 3538703 Legacy 7 Construction 328 Newmann Springs Road RED BANK NJ 07701 General Contracting 3536598 Temco Building Services One Park Avenue NEW YORK NY 10016 Housekeeping 3378145 KSS Architects LLP 337 Witherspoon Street PRINCETON NJ 08542 Architect 2707471 79 771000 26617000 14907000 2406000 42295000 TUITION & FEES 900099 310584000 310584000 ROOM AND BOARD 900099 31844000 31844000 FEES AND CONTRACTS FROM GOVERMENT AGENCIES 900099 80000 80000 MEDICAL RESIDENCY PROGRAM 900004 868000 868000 343376000 5123000 21000 5102000 174000 174000 172000 11000 161000 196000 31000 165000 0 165000 165000 222390000 1000 209552000 986000 12838000 -985000 11853000 11853000 456000 771000 499000 -43000 -43000 0 0 0 0 0 0 NCAA/CONFERENCE DISTRIBUTIONS 900099 3259000 3259000 ATHLETICS TICKET SALES 900099 1935000 1935000 PARKING 812930 1577000 1577000 5079000 3864000 502000 713000 11850000 414965000 352434000 534000 19702000 68000 68000 132632000 132632000 0 0 5968000 3040000 2026000 902000 464000 464000 120775000 103353000 14018000 3404000 7264000 6216000 843000 205000 26520000 21428000 4239000 853000 8606000 7368000 996000 242000 227000 201000 26000 1142000 13000 1129000 246000 246000 139000 139000 0 1245000 1245000 21258000 19862000 1203000 193000 1575000 1116000 404000 55000 8453000 6766000 1271000 416000 6760000 2009000 4751000 0 6886000 6728000 158000 7890000 6957000 572000 361000 0 2919000 2370000 338000 211000 4875000 4783000 92000 0 17043000 16268000 745000 30000 2210000 55000 2155000 REPAIRS AND MAINTENANCE 5917000 4259000 1559000 99000 BOOKS AND SUBSCRIPTIONS 2897000 2845000 36000 16000 BAD DEBT PROVISION 1648000 1648000 LOSS ON DEBT DEFEASANCE 276000 276000 2860000 727000 2069000 64000 398763000 349528000 42184000 7051000 5014000 15692000 11820000 6337000 13576000 12208000 4504000 5309000 0 0 0 0 13196000 12127000 0 0 8198000 8790000 562224000 263337000 285337000 298887000 184137000 190700000 88172000 97667000 0 0 0 0 4438000 67275000 618392000 714992000 37830000 46336000 0 0 12652000 13394000 119246000 185672000 0 0 0 0 0 0 0 0 28259000 20128000 197987000 265530000 X 247187000 257672000 82932000 100207000 90286000 91583000 420405000 449462000 618392000 714992000 X 16202000 14380000 -1525000 X false true X true true true X 35799000 47381000 42850000 44070000 42295000 212395000 0 0 35799000 47381000 42850000 44070000 42295000 212395000 0 212395000 5476000 5479000 5805000 5543000 5602000 27905000 566000 121000 507000 518000 534000 2246000 9379000 2452000 2613000 2732000 2746000 19922000 262468000 0.80922 0.80970 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false true false true 1200 false true 18755 true 147706 false false 167661 false Part II-B, Line 1(i) Other Lobbying Activities Seton Hall University lobbied state legislators regarding annual independent college appropriations, student aid for independent college students and School of Medicine support. Efforts consisted of direct mailings, phone calls and personal meetings. Members of Congress were contacted regarding student aid and grants for various university programs. The University's staff is involved in lobbying efforts. The value of that staff time is approximately $28,999. Those costs have been reported on Line 7 (other salaries and wages) and not separately identified on Line 11 (d) in Part IX, statement of Functional Expenses. 1296000 121000 X X X false 246904000 1664000 30476000 3455000 14616000 1174000 259799000 263948000 4424000 -879000 2807000 15669000 2113000 246904000 272174000 3227000 10750000 2742000 15988000 3473000 263948000 241466000 3576000 41387000 2658000 10262000 1335000 272174000 227198000 899000 25222000 2785000 8285000 783000 241466000 0.36900 0.35300 0.27800 true false 2992000 2992000 466941000 208291000 258650000 65156000 55046000 10110000 27135000 27135000 298887000 OUTSIDE TRUST 8621000 F HEDGE FUNDS 25296000 F COMMINGLED FUNDS 36458000 F PRIVATE EQUITY 6916000 F VENTURE CAPITAL 3424000 F PRINCIPAL GLOBAL REAL ESTATE 9283000 F EMERGING MARKETS 7669000 F 97667000 DEPOSITS W/TRUSTEE 61038000 DUE FROM AFFILIATES 5631000 EQUITY METHOD INVESTMENTS 606000 67275000 0 REFUNDABLE U.S. GOV'T GRANTS 10495000 CONDITIONAL ASSET RETIRE OBLIG 8543000 ACCRUED POSTRETIREMENT BENEFIT 1090000 20128000 X 303274000 14380000 478000 2388000 17246000 286028000 1245000 127692000 128937000 414965000 274217000 478000 4443000 4921000 269296000 1245000 128222000 129467000 398763000 Part III, line 4 Collections are composed of: a mural, ancient Greek and Roman coins, book collections, paintings, wild life art collections, and a special collection of research papers. Collections are utilized by students, faculty, administrators and the general public. Their usage helps achieve the ultimate goal of advancing the educational and research mission of the University. Part V, line 4 Endowment funds support the University's mission by providing a sustainable flow of funds to annual operations. This support includes funds for scholarships and for specific academic programs. The University has adopted an endowment spending policy designed to provide a predictable flow of funds to operations. The policy is intended to balance current spending needs and preserve the endowment's future purchasing power. The University applies a 4.5% spending rate to a three-year moving average of endowment investment funds. The Board of Regents sets the spending rate. The purpose of using a moving average is to smooth out any wide fluctuations in the market value. Endowment earnings in excess of the spending rate are added back to the principal of the endowment investments. In years when yield exceeds the amount appropriated under the spending policy the excess is returned to principal as appreciation. When annual yield is insufficient to support spending appropriations, the balance is provided from accumulated appreciation. Special allocations are made for certain purposes in addition to the spending rate, as approved by the University's Board of Regents, annually. Part X, line 1: Other Liabilities - Income Taxes Accounting Standards Codification ("ASC") 740-10 clarifies the accounting for uncertainty in tax positions taken or expected to be taken in a tax return, including issues relating to financial statement recognition and measurement. This section provides that the tax effects from an uncertain tax position can be recognized in the financial statements only if the position is "more-likely-than-not" to be sustained if the position were to be challenged by a taxing authority. The assessment of the tax position is based solely on the technical merits of the position, without regard to the likelihood that the tax position may be challenged. The University is exempt from Federal and New Jersey State Income taxation by virtue of being an organization described in Section 501(c)(3) of the IRC and similar provisions of the New jersey State tax code. Nevertheless, The University may be subject to tax on income unrelated to its exempt purpose, unless that income is otherwise excluded by the Code.The University believes that there are no material uncertain tax positions within its financial statements. Part XI, Line 2D - Other Change in value of interest rate SWAP agreements of $2,328,000 plus the change in the value of the split-interest agreements of $60,000. Part XI, Line 4b - Other Financial Aid of $128,222,000, less rental expense of $31,000, and less special events expenses of $499,000. Part XII, Line 2D - Other Provision for uncollectible contributions receivable of $902,000, plus Equity investment impact FY17 write-down of $3,011,000, plus special events expense of $499,000 and rental expense of $31,000. Part XII, Line 4B - Other Financial aid of $128,222,000. true true true true true true true false false false false false false false false true false true Part I, Line:3 The University's racially nondiscriminatory policy appears in its Undergraduate and Graduate catalogs, as well as in the Admission Prospectus. It is also in all newspaper advertisements and the University's website. Line 6 - Explanation of Government Financial Aid The University participates in various Federal and State financial aid programs, which include, but are not limited to the following programs: Federal Direct Lending Program, Federal Pell Grant, Federal College Work Study, Federal Supplemental Education Opportunity Grant, N.J State Tuition Assistance Grant and N.J. State Education Opportunity Fund. Central America and the Caribbean Investments 30683000 East Asia and the Pacific Program Services STUDENT RECRUITMENT 61000 East Asia and the Pacific Program Services MBA PROGRAM 24000 East Asia and the Pacific Program Services MSPA Program 24000 SEE PART V Program Services STUDY ABROAD 135000 Europe (Including Iceland and Greenland) Program Services Compliance Cert. 54000 East Asia and the Pacific Program Services Compliance Cert. 42000 31023000 31023000 true false true true false false Part I, Line 3, (1); Part IV , Lines 1, 3, 4,& 5 By virtue of its investments in various limited partnership investments, Seton Hall University may invest in passive foreign investment companies and/or foreign partnerships; to the extent the University is required to file the Forms 926, 5471, 8621, or 8865, those foreign forms were attached to the University's Form 990-T. Part I, Lines 3, (2)&(3) Support for student recruitment and academic exchange program developments. During FY2017, the Stillman School continued to offer an executive-style MBA program in collaboration with Viagold International Education Management Group in Zhuhai, China. Students are taught in Mandarin by a combination of Stillman faculty and faculty employed by Chinese universities, and the students spend a week during their final semester at Seton Hall's South Orange campus to complete the MBA program and participate in Graduate Commencement. Part I, Line 3, (4) In January 2017, our AACSB-accredited Stillman School of Business, one of two schools in New Jersey to hold this accreditation for its accounting program and one of less than 200 schools to hold this distinction worldwide, began its partnership with the University of Santo Tomas (UST) in Manila, Philippines. The UST faculty cohort is comprised of ten (10) faculty members who have each been accepted to the Stillman's Master of Science in Professional Accounting degree program. This program is thirty (30) credits and the Stillman School has offered one to two courses per semester. Students are fully engaged with the Stillman School of Business faculty using the Seton Hall University learning platforms. Part I, Line 3, (5) The University expends funds outside of the United States on various study abroad programs in various countries. Students enrolled in study abroad programs pay their fees relating to travel and other expense directly to Seton Hall University and the University remits payments to the overseas entities on the students' behalf. Part I, Line 3 (6) Europe Compliance Certification The pharmaceutical, biotech and medical device industries are increasingly facing a more challenging regulatory and enforcement landscape throughout Europe. This intensive, multi-day educational and training certification in healthcare compliance addresses the myriad of legal, regulatory and compliance issues faced by pharmaceutical, biotech and medical device manufacturers working in healthcare compliance in Europe Law Schl Dinner 271000 161000 110000 1000 23000 54000 6000 30000 Beef Steak Dnr 170000 96000 74000 2000 20000 5000 31000 9 786000 514000 272000 3000 80000 139000 55000 50000 1227000 771000 456000 4000 105000 213000 66000 111000 499000 -43000 true Village of South Orange 101 S Orange Ave South Orange NJ 07079 226002309 115 21000 See Part IV. Saint Paul's Outreach 110 Crusader Ave West St St Paul MN 55118 411621192 501(C)(3) 25000 General Purpose Mustard Seed Communities 29 Janes Avenue Medfield MA 02052 581657207 501(C)(3) 12000 General Purpose Hackensack UMC Foundation 360 Essex St Suite 301 Hackensack NJ 07601 222339534 501(C)(3) 10000 General Purpose 4 Federal Awards 2045 10208000 State of New Jersey Awards 1660 11727000 Institutional Support 10436 110697000 Part I, Line 2 All University spending must be approved by a manager or higher level, dependYng on the amount of the expenditure. Any expenditure of $1,000 or above would have to be approved by a Dean or other budget center manager. An expenditure in excess of $10,000 must be approved by a Vice President (or that person's designee) or the President. Grants or assistance to outside organizations are segregated in the University's financial accounting system through the use of a separate account code, which allows for review by University's central finance department. Scholarships are provided to students who are required to matriculate in the University, thereby ensuring that the funds are expended for the intended purposes. Part II,Line 1, (h) Purpose of grant assistance: Village of South Orange - Construction of South Orange Performing Arts Center. X X X X false true X X X X X false true false true false false false true false A Gabriel EstebanPhD President/Regent/Trustee 550640 0 221250 0 16070 0 21200 0 80619 0 889779 0 0 0 Larry A RobinsonEdD Provost & Executive V.P. 364161 0 125000 0 10324 0 21200 0 51324 0 572009 0 0 0 David J BohanMBA V.P. University Advancement 297497 0 54000 0 8258 0 21200 0 38223 0 419178 0 0 0 Matthew BorowickMBA Interim V.P. University Adv. 174725 0 0 0 228 0 14345 0 105738 0 295036 0 0 0 Dennis J GarbiniMBA V.P. Administration 278148 0 0 0 10324 0 21200 0 27130 0 336802 0 0 0 Tracy H GottliebPhD V.P. Student Services 212061 0 0 0 8536 0 17492 0 34775 0 272864 0 0 0 Stephen A GrahamMBA V.P. Finance & CFO 249519 0 0 0 7426 0 20184 0 20308 0 297437 0 0 0 Catherine A KiernanJD V.P. General Counsel 263469 0 0 0 8824 0 21200 0 72643 0 366136 0 0 0 Alyssa McCloudPhD V.P. Enrollment Management 261707 0 55000 0 7446 0 21111 0 13427 0 358691 0 0 0 Patrick G LyonsMBA V.P.For Athletics & Rec. Svcs. 346601 0 110000 0 21846 0 21200 0 26858 0 526505 0 0 0 Karen E BoroffPhD Interim Provost 152537 0 0 0 1079 0 12426 0 26929 0 192971 0 0 0 Kathleen BoozangJDLLM Dean, School of Law 325625 0 0 0 4658 0 21200 0 13127 0 364610 0 0 0 Joyce A StrawserPhD Dean, School of Business 247842 0 0 0 550 0 20218 0 106171 0 374781 0 0 0 Kevin Willard Head Coach Men's Basketball 1517931 0 190000 0 33523 0 21200 0 48294 0 1810948 0 0 0 John B WeifingJDLLM Law School Professor 61593 0 0 0 416866 0 4975 0 1106 0 484540 0 0 0 John CoverdaleJDPhD Law School Professor 64088 0 0 0 367948 0 5282 0 7586 0 444904 0 0 0 Anthony J Bozzella Head Coach Women's Basketball 285731 0 67500 0 18230 0 21200 0 97869 0 490530 0 0 0 Brian B ShulmanPhD Dean, School of Health & Med. 265122 0 0 0 1058 0 21200 0 14727 0 302107 0 0 0 Part I, Line 1a As a condition of employment at the University, the University provided housing and related services at no charge to its President, A. Gabriel Esteban, and its Provost & Executive Vice President, Larry A. Robinson. In addition, housing and related services were provided at no charge to members of its priest community which included an officer, along with certain Regents and Trustees listed in Form 990, Part VII (Monsignor Anthony Ziccardi, Monsignor Joseph R. Reilly, Monsignor Robert Coleman, Monsignor Thomas P. Nydegger, and Monsignor Robert J. Wister). The value of the housing and related benefits are included in Part VII, Column F, and, for the President and Provost, they are also included in Schedule J, Part II, Column D. THE PRESIDENT'S SPOUSE ACCOMPANIED HIM ON CERTAIN BUSINESS TRIPS, AND SHE PROVIDED BUSINESS SERVICES AS A VOLUNTEER FOR THE UNIVERSITY ON THOSE TRIPS. THE COST TO THE UNIVERSITY WAS APPROXIMATELY $7,228. IT IS INCLUDED IN NONTAXABLE BENEFITS IN SCHEDULE J, PART II. The University paid membership fees to a country club for its men's basketball coach, Kevin Willard, women's basketball coach Anthony J. Bozzella, and V.P. for Athletics & Recreational services, Patrick G. Lyons. Their attendance at these organizations were exclusively business related in order to assist University Advancement with donor cultivation and fundraising efforts. Such fees totaled $12,472, $16,486, and $24,590, respectively. They are included in nontaxable benefits in Schedule J, Part II. Part I, Line 5a Patrick G.Lyons, V.P. for Athletics & Recreation Services, received $75,000 of incentive compensation for reaching certain progress goals associated with Athletic Department revenue. David J. Bohan, V.P. Advancement, received $54,000 of incentive compensation for reaching certain fundraising goals. Part I, Line 7 ALYSSA MCCLOUD, V.P. ENROLLMENT MANAGEMENT, received a $55,000 performance based bonus approved by management. She did not have input into her bonus. Part I, Line 4 b and Part II, Lines 15 and 16 The compensation of Law School Professors John B. Weifing, J.D., LLM and John Coverdale, J.D, Ph.D appearing in the other reportable compensation column primarily represents payments associated with a voluntary early retirement program. A NJEFA - Seton Hall - CIF 2014 D 221829511 646066DG2 2014-04-29 19369367 SEE PART VI false false true B NJEFA - Seton Hall - ISSUE 2011 A 221829511 646065U83 2011-06-10 37578532 SEE PART VI false false false C NJEFA - Seton Hall - CIF 2014 B 221829511 646066DG2 2014-04-29 19369367 SEE PART VI false false true D NJEFA - Seton Hall - ELF 2014 B 221829511 6460658J4 2014-01-30 8131497 SEE PART VI false false true A 372623 0 19369367 0 0 0 113339 0 0 0 1226845 0 2014 false true true true B 27485000 0 37578532 0 0 0 411094 0 0 0 37167438 0 2011 true false true true C 70037 0 19369367 0 0 0 113339 0 0 1014830 0 0 2015 false false true true D 90997 0 8131497 0 0 0 54722 0 0 330900 0 0 2015 false false true true A false false false 0.00000 0.00590 0.00590 false false 0.00000 false true B 0.00000 0.00000 0.00000 0.00000 C false false false false 0.00000 0.00590 0.00590 false false 0.00000 false true D false false false false 0.00000 0.00670 0.00670 false false 0.00000 false true A false true false false false false 0 false 0 false true B false false true false false false 0 false 0 false true C false true false false false false 0 false 0 false true D false true false false false false 0 false 0 false true A true B true C true D true Part IV, Line 2C REBATE COMPUTATIONS WERE PERFORMED THROUGH JUNE 30, 2017 FOR SETON HALL UNIVERSITY BOND ISSUES 2011 A, 2013 D, 2015 C, AND 2016 C. THERE IS NO REBATE LIABILITY RELATED TO ANY OF THESE BOND ISSUES AS OF JUNE 30, 2017. PART I, COLUMN(F) DESCRIPTION OF PURPOSE 1. On April 29, 2014 the NJEFA issued CIF bonds, 2014 Series B, and advance refunding CIF bonds, 2014 Series D, pursuant to a program of the State of New Jersey to finance capital improvements at institutions of higher education. One Form 8038 was filed by the NJEFA covering both issues, under CUSIP number 646066DG2. Gross proceeds from both issues were $19,369,367 with the 2014 B portion being $15,493,539 and the 2014 D portion being $3,875,828. The 2014 Series B issue is discussed below. The 2014 Series D issue advance refunded the remaining balance of the 2004 Series A bonds related to three private institutions, of which the University was one. The 2004 Series A bond proceeds were used by the University to fund capital improvements on its campus. The Universitys portion of the $3,875,828 was $2,724,951, with $1,226,845 being debt repayable over seven years and the remainder refunding other State issues that provided grant funds for capital improvements to the University in prior years. As a result of this refunding, amounts payable by each institution, including the University, was adjusted to take into account allocable debt service savings. THE AMOUNT REPORTED ON SCHEDULE K, PART III, LINE 5 REPRESENTS THE BOND ISSUANCE COSTS FROM SCHEDULE K, PART II, LINE 7 DIVIDED BY THE AMOUNT ON PART II, LINE 3, TOTAL PROCEEDS OF ISSUE. 2. SETON HALL UNIVERSITY ISSUE, 2011 SERIES A, (CUSIP NUMBER 646065U83)WAS ISSUED BY THE NJEFA TO CURRENTLY REFUND SETON HALL UNIVERSITY'S 1999 REFUNDING, 2001 SERIES A, 2001 SERIES B, AND 2001 SERIES G BOND ISSUES. THE 1999 REFUNDING ISSUE WAS ISSUED IN JULY 1999 TO REFUND THE UNIVERSITY'S 1991 SERIES D AND 1989 SERIES C ISSUES. THE 1991 SERIES D AND THE 1989 SERIES C ISSUES WERE ISSUED TO FINANCE CAPITAL IMPROVEMENTS. THE 2001 SERIES A ISSUE WAS ISSUED IN JUNE 2001 TO REFUND THE UNIVERSITY'S 1991 SERIES A ISSUE WHICH REFUNDED THE UNIVERSITY'S 1985 SERIES A ISSUE WHICH WAS ISSUED TO FINANCE CAPITAL IMPROVEMENTS. THE 2001 SERIES B ISSUE WAS ISSUED IN JUNE 2001 TO REFUND THE UNIVERSITY'S 1991 SERIES B ISSUE WHICH WAS ISSUED TO REFUND THE UNIVERSITY'S 1988 SERIES B ISSUE WHICH WAS ISSUED TO REFUND THE UNIVERSITY'S 1976 SERIES A ISSUE AND TO FINANCE CAPITAL IMPROVEMENTS. THE 1976 SERIES A ISSUE WAS ISSUED TO FINANCE CAPITAL IMPROVEMENTS. THE 2001 SERIES G ISSUE WAS ISSUED IN JUNE 2001 TO FINANCE CAPITAL IMPROVEMENTS. 3. AS NOTED ABOVE, ON APRIL 29, 2014 THE NJEFA ISSUED CIF BONDS, SERIES 2014 B, PURSUANT TO A PROGRAM OF THE STATE OF NEW JERSEY TO FINANCE CAPITAL IMPROVEMENTS AT INSTITUTIONS OF HIGHER EDUCATION. THE GROSS PROCEEDS OF THIS ISSUANCE WERE $15,493,539. THE PROCEEDS WERE ALLOCATED TO SIX PRIVATE INSTITUTIONS OF HIGHER EDUCATION. SETON HALL'S APPORTIONED AMOUNT WAS $2,192,165. AFTER $12,165 OF APPORTIONED ISSUANCE COSTS, THE REMAINDER THAT WAS RECEIVED BY SETON HALL WAS $2,180,000, OF WHICH $1,165,170 WAS A GRANT AND $1,014,830 WAS DEBT REPAYABLE OVER 20 YEARS. BONDS ISSUED TO FINANCE GRANTS MUST BE APPROVED BY THE STATE TREASURER AND ARE REPAYABLE BY THE STATE SUBJECT TO APPROPRIATION. THE BONDS WERE SOLD BASED ON THE CREDIT OF THE STATE. EACH INSTITUTION ENTERED INTO A GRANT AGREEMENT OBLIGATING THE GRANTEE TO PAY A PORTION OF THE DEBT SERVICE ON THE BONDS ALLOCABLE TO THE GRANT. SETON HALL SPENT THE ENTIRE AMOUNT OF THE DEBT PROCEEDS ALLOCATED TO IT ON CAPITAL IMPROVEMENTS. THE AMOUNT REPORTED ON SCHEDULE K, PART III, LINE 5 REPRESENTS THE BOND ISSUANCE COSTS FROM SCHEDULE K, PART II, LINE 7 DIVIDED BY THE AMOUNT ON PART II, LINE 3, TOTAL PROCEEDS OF ISSUE. 4. ON JANUARY 30, 2014 THE NJEFA ISSUED HIGHER EDUCATION EQUIPMENT LEASING FUND ("ELF") PROGRAM BONDS, SERIES 2014 B, PURSUANT TO A PROGRAM OF THE STATE OF NEW JERSEY TO FINANCE CAPITAL IMPROVEMENTS AT INSTITUTIONS OF HIGHER EDUCATION. THE ELF 2014 B ISSUE IS ALLOCATED TO EQUIPMENT PURCHASES AT SIX PRIVATE INSTITUTIONS OF HIGHER EDUCATION. THE GROSS PROCEEDS OF THIS ISSUANCE WERE $8,131,497. SETON HALL'S APPORTIONED AMOUNT WAS $1,522,184. AFTER $10,253 OF APPORTIONED ISSUANCE COSTS, THE REMAINDER THAT WAS RECEIVED BY SETON HALL WAS $1,511,931, OF WHICH $1,181,031 WAS A GRANT AND $330,900 WAS DEBT REPAYABLE OVER 9 YEARS. BONDS ISSUED TO FINANCE GRANTS MUST BE APPROVED BY THE STATE TREASURER AND ARE REPAYABLE BY THE STATE SUBJECT TO APPROPRIATION. THE BONDS WERE SOLD BASED ON THE CREDIT OF THE STATE. EACH INSTITUTION ENTERED INTO A GRANT AGREEMENT OBLIGATING THE GRANTEE TO PAY A PORTION OF THE DEBT SERVICE ON THE BONDS ALLOCABLE TO THE GRANT. SETON HALL SPENT THE ENTIRE AMOUNT OF THE DEBT PROCEEDS ALLOCATED TO IT ON EQUIPMENT. THE AMOUNT REPORTED ON SCHEDULE K, PART III, LINE 5 REPRESENTS THE BOND ISSUANCE COSTS FROM SCHEDULE K, PART II, LINE 7 DIVIDED BY THE AMOUNT ON PART II, LINE 3, TOTAL PROCEEDS OF ISSUE. 5. SETON HALL UNIVERSITY ISSUE, 2013 Series D, (CUSIP 6460656D9) WAS ISSUED BY THE NJEFA TO CURRENTLY REFUND SETON HALL UNIVERSITY'S 2009 C BONDS SOLD DIRECTLY TO CAPITAL ONE, N.A., FINANCE A PORTION OF THE COST OF TERMINATING THE UNIVERSITY'S INTEREST RATE SWAP AGREEMENT WITH CITIBANK, N.A. THAT HEDGED INTEREST RATE EXPOSURE RELATED TO THE 2009 C BONDS, AND TO FINANCE CAPITAL IMPROVEMENTS. THE UNIVERSITY'S 2009 SERIES C BONDS REFUNDED THE UNIVERSITY ISSUE, 1998 SERIES F, ISSUED ON JUNE 29, 1998 BY THE NJEFA TO REFUND A 1991 SERIES D SETON HALL UNIVERSITY ISSUE THAT FINANCED CAPITAL IMPROVEMENTS AT THE UNIVERSITY. THE PORTION OF THE 2013 D TOTAL PROCEEDS OF $43,935,728 THAT WAS USED TO REFUND THE 2009 C BONDS AND TO FINANCE A PORTION OF THE COST TO TERMINATE THE RELATED SWAP AGREEMENT WAS $7,800,307. THE AMOUNT REPORTED ON SCHEDULE K, PART III, LINE 5 REPRESENTS THE BOND ISSUANCE COSTS FROM SCHEDULE K, PART II, LINE 7 DIVIDED BY THE AMOUNT ON PART II, LINE 3, TOTAL PROCEEDS OF ISSUE. 6. Seton Hall University issue, 2015 C (CUSIP 646066MC1) was issued by the NJEFA to advance refund Seton Hall University's 2008 Series E bonds. The proceeds of $24,255,807, which included a debt premium of $2,050,807, together with $1,850,957 of 2008 Series E debt service reserve funds, were deposited in an irrevocable trust to pay interest along with principal outstanding of $22,030,000 on its 2008 Series E bonds through July 1, 2019, and pay bond issuance costs of $306,564. The 2008 Series E issue, along with 2008 Series D, were issued by the NJEFA to currently refund Seton Hall University issues, 2005 Series C and 2006 Series A. The 2005 Series C issue financed capital improvements at the University. The 2006 Series A issue refunded the Universitys 1996 Series E issue, which was for capital improvements and for refunding the Universitys 1989 Series C issue, which was for capital improvements. 7. Seton Hall University issue, 2016 Series C (CUSIP 646066B66), was issued by the NJEFA to fund capital improvements on the Universitys campus. 8. On July 26, 2016 the NJEFA issued CIF bonds, 2016 Series A, and refunded CIF bonds, 2006 Series A, and other series of CIF bonds, pursuant to a program of the State of New Jersey to finance capital improvements at institutions of higher education. The bonds were issued privately (therefore no CUSIP #)in the principal amount of $20,805,115 which was allocated to fourteen private institutions in New Jersey. The Universitys share of the proceeds was $2,326,537, of which $1,134,796 was used to refund the remaining University balance of 2006 Series A and the remainder refunded other State issues that provided grant funds for capital improvements to the University in prior years. The 2006 Series A bonds partially advance refunded the 2004 Series A bonds and other Series of CIF bonds for capital improvements. The amounts payable to the State by each institution were adjusted to take account of allocable debt services savings. The amount reported on Schedule K, Part III, line 5 represents the bond issuance costs from Schedule K, Part II, line 7 divided by the amount on Part II, line 3, total proceeds of issue. 9. On December 20, 2016 the NJEFA issued CIF bonds, 2016 Series B, pursuant to a program of the State of New Jersey to finance capital improvements at institutions of higher education. One form 8038 was filed by the NJEFA covering the issue under CUSIP number 646066F54. The bonds were issued in the principal amount of $30,676,062 which was allocated to a total of twelve private institutions in New Jersey. The Universitys apportioned amount, after $12,153 of apportioned issuance costs, was $1,500,000. Of this amount that was received by the University, $766,748 was a grant and $733,252 was debt repayable over twenty years. Both amounts will be spent on capital improvements. Bonds issued to finance grants must be approved by the state treasurer and are payable by the stat A NJEFA - Seton Hall - ISSUE 2013 D 221829511 6460656D9 2013-07-10 43935728 SEE PART VI false false false B NJEFA - SETON HALL - ISSUE 2015 C 221829511 646066MC1 2015-07-14 24225807 SEE PART VI false false false C NJEFA - Seton Hall - ISSUE 2016 C 221829511 646066B66 2016-09-15 38059002 SEE PART VI false false false D NJEFA - Seton Hall - CIF 2016 A 221829511 2016-07-26 20805115 SEE PART VI false false true A 2290000 0 43935728 0 2405009 0 522077 0 0 33208335 7800307 0 2014 true false true true B 1335000 0 24255807 0 0 0 306564 0 0 0 23949243 0 2015 false true true true C 0 0 38059002 0 1655530 0 403472 0 0 8254285 0 27745715 2018 false false false true D 0 0 20805115 0 0 0 48426 0 0 0 1046461 0 2016 true false true true A false false false false 0.00000 0.01190 0.01190 false false 0.00000 false true B 0.00000 0.00000 0.00000 0.00000 C false false false false 0.00000 0.01060 0.01060 false false 0.00000 false true D false false false false 0.00000 0.00230 0.00230 false false 0.00000 false true A false true false false false false 0 false 0 false true B false true false false false false 0 false 0 false true C false true false false false false 0 false 0 false true D false true false false false false 0 false 0 false true A true B true C true D true A NJEFA - Seton Hall - CIF 2016 B 221829511 646066F54 2016-12-20 30676062 SEE PART VI false false true B NJEFA - SETON HALL - ISSUE 2017 D 221829511 646066v64 2017-06-29 41827193 SEE PART VI false false false A 0 0 30676062 0 0 0 246539 0 0 415916 0 317336 2019 false false false true B 0 0 41827193 0 0 0 348259 0 0 0 41478934 0 2017 true false true true A false false false false 0.00000 0.00800 0.00800 false false 0.00000 false true B false false false false 0.00000 0.00830 0.00830 false false 0.00000 false true A false true false false false false 0 false 0 false true B false true false false false false 0 false 0 false true A true B true Total of 11 311730 Scholar./Tuition remission Education MARY ANN CHRISTOPHER BROTHER OF TRUSTEE/REGENT 72613 LEGAL SERVICES false ROBERT J SLOAN REGENT 472338 TELEPHONE CHARGES false THOMAS SHARKEY SR REGENT EMERITUS 22888 BROKERAGE FEES false LARRY A ROBINSON WIFE OF OFFICER 147838 COMPENSATION & BENEFITS false LARRY A ROBINSON DAUGHTER OF OFFICER 66285 COMPENSATION & BENEFITS false MATTHEW BOROWICK DAUGHTER OF OFFICER 7987 COMPENSATION & BENEFITS false TRACY H GOTTLIEB SISTER OF OFFICER 119713 COMPENSATION & BENEFITS false TRACY H GOTTLIEB SISTER OF OFFICER 54394 COMPENSATION & BENEFITS false TRACY H GOTTLIEB DAUGHTER-INLAW of OFFICER 67456 COMPENSATION & BENEFITS false Part III Grants or Assistance Benefiting Interested Persons Seton Hall University is not required to identify interested persons to whom assistance was provided under the Family Educational Rights and Privacy Act (FERPA) PART IV Business Transactions Involving Interested Persons The brother of Mary Ann Christopher, trustee/Regent, is a partner in the Law Firm of Gibbons P.C. Seton Hall University paid Gibbons P.C. $72,613, with 3 bills over $10,000, for legal services in the year ended June 30, 2017. Robert J. Sloan, regent, is a Vice President at AT&T. Seton Hall University paid AT&T $472,338 for telephone charges in the year ended June 30, 2017. Thomas Sharkey, Sr., Regent Emeritus, and his son Thomas Sharkey, Jr., are the Chairman and President, respectively, of the Insurance Brokerage Company, Meeker Sharkey & Hurley. Seton Hall deals directly with them for its Long Term Disability benefits. The carrier is CIGNA. Meeker Sharkey & Hurley received $22,888 in brokerage fees for this arrangement. The wife and daughter of Dr. Larry A. Robinson, Provost & executive V.P., served as an employees of the University. In fiscal year 2017, they received total compensation and benefits of $147,838 and $66,285, respectively. The two sisters and daughter-in-law of Dr. Tracy H. Gottlieb, V.P. for Student Services, served as employees of the University. In fiscal year 2017, they received total compensation and benefits of $119,713, $54,394, and $67,456, respectively. The daughter of Matthew Borowick, Interim V.P. University Advancement, served as an employee of the University. In fiscal year 2017, she received total compensation and benefits of $7,987. All transactions with interested persons were conducted at arm's length, for good and sufficient consideration, based on terms that are fair and reasonable to and for the benefit of the University. The applicable interested persons had no influence over the decisions to enter into the transactions. X 3 121000 appraisal X 5000 appraisal X 2000 Cost X 26 2101000 Selling price X 11 43000 Cost X MISCELLANEOUS 24 134000 Cost false true true Part I, Line 32b Auction companies are used to process and/or sell noncash contributions in "silent auctions" at several fundraising events. To the extent Seton Hall University receives donations of publicly traded securities, its investment broker is engaged to sell those securities. The University reimbursed a related party, the Roman Catholic Archdiocese of Newark, for administrative expenses incurred in conducting the Archbishop's annual appeal to raise funds from the congregation for the benefit of the University. Form 990, Part III, Line 1 Seton Hall University is the nation's oldest diocesan Catholic University. In a diverse and collaborative environment, it focuses on academic, ethical, and spiritual development. Seton Hall students are prepared to be leaders in their professional and community lives in a global society and are challenged by outstanding faculty, an evolving technologically advanced setting, and values-centered curricula. Seton Hall University's 58-acre park-like main campus is located in South Orange, New Jersey, only 14 miles west of New York City. The University is home to ten nationally recognized and accredited schools, including its Nationally-Ranked Law School located in Newark, New Jersey. Within these schools the professors of Seton Hall educate, shape, and develop approximately 6,150 undergraduate and 3,700 graduate students, who are enrolled in more than 90 rigorous majors. This has led to Seton Hall being nationally recognized for academic excellence by The Princeton Review, U.S. News & World Report, and Bloomberg Businessweek. Seton Hall remains a pioneer in Catholic education.In FY2016, Seton Hall University and Hackensack University Health Network (HUHN), formed the Seton Hall-Hackensack School of Medicine (SOM), a nonprofit New Jersey corporation. The University and HUHN each control fifty percent of the SOM, with each institution appointing fifty percent of the SOM's Board of Governors. Form 990, Part VI Part VI, Section A, Line 7A: The Board of Regents is responsible for the entire management of the affairs and concerns of the University. The Board of Regents is vested with the responsibility, power, and authority to govern the University and shall exercise the corporate powers of the University under Law. Board of Regent Emeriti do not have voting privileges. Part VI, Section A, line 7b: The Board of Trustees stand in the stead of the original incorporators of Seton Hall College and have the rights and powers reserved to it by the University's By-Laws. Those powers include the right to amend the University's organizing documents, to authorize the sale of any University property and, most importantly, to elect the Board of Regents. Part VI, Section B, line 11: The Board of Regents adopted a written policy charging the Audit Committee with the responsibility to conduct, on an annual basis, an appropriate review of the University's completed Form 990 and Form 990-T prior to filing with Internal Revenue Service. The Audit Committee is also charged with making an appropriate report and recommendation to the Board of Regents on their review. Following review by the Audit Committee, Forms 990 and 990-T are submitted to the entire Board of Regents for its review and approval for filing with the Internal Revenue Service. The Board of Regents shall contemporaneously document the meeting at which the Forms 990 and 990-T are reviewed and approved for filing. Part VI, Section B, Line 12c: The University's conflict of interest policy is posted on the University's web site. All new employees are made aware of the policy at the time of hire. For senior management, the University requires an annual disclosure of significant financial interests in, or employment or consulting relationships with, entities doing business with the University. These annual disclosures cover both senior management and their immediate family members. When such relationships exist, measures are taken to address the actual or perceived conflict to protect the best interests of the University. The policy requires, among other things, that no member of the Board of Regents or its Committees can participate in any decision in which he or she (or an immediate family member) has a material financial interest. Each Regent is required to certify compliance with the conflict of interest policy on an annual basis and indicate whether the University does business with an entity in which a Regent has a material financial interest. When such relationships exist, measures are taken to mitigate any actual or perceived conflict, including requiring that such transactions be conducted at arm's length, for good and sufficient consideration, based on terms that are fair and reasonable to and for the benefit of the University, and in accordance with relevant conflict of interest laws. The University is unaware of any such associations considered to be significant. Part VI, Section B, Line 15: Seton Hall University can ensure and demonstrate that our compensation actions do not inure to the benefit of a private individual. We can demonstrate that the compensation of all disqualified persons, such as officers, directors, and key employees, is considered reasonable and would ordinarily be paid for like services by like enterprises under like circumstances. The reasonableness of our compensation takes into account all benefits. Any compensation transactions for these individuals are approved by an authorized body of individuals who have no conflict of interest. Utilizing a compensation consultant, appropriate compensation data is relied upon for comparability and proof of fair market value, before making a decision. Compensation decisions and reports are contemporaneously documented in the minutes of the meeting of the Committee when the decisions are made. Part VI, Section C, Line 19: The University's By-Laws and its conflict of interest policy are posted on the University's website. Form 990, Part VII, Sec A Officers, Directors, Trustees, and Key Employees: Cardinal Joseph W. Tobin started as Trustee/Regent on January 6, 2017, replacing Most Reverend John J. Myers. Mary J. Meehan, Ph.D. started as Interim President/Trustee/Regent on April 11, 2017. Accordingly, she is reported on the Form 990 with no current compensation (as she did not receive a W-2 in Calendar Year 2016). A Gabriel Esteban, Ph.D. - President/Trustee/Regent was in that position up until April 10, 2017. Karen E. Boroff, Ph.D. started as Interim Provost on January 1, 2017. Compensation reported in Part VII for Calendar Year 2016 was from her previous position as Professor. Larry E. Robinson, Ed.D. Provost was in that position up until December 31, 2016. Matthew Borowick, M.B.A. started as Interim Vice President University Advancement on March 1, 2017. Compensation reported in Part VII for Calendar Year 2016 was from his previous position as Assistant Vice President. David J. Bohan, M.B.A. Vice President University Advancement up until February 28. Part XI, Line 9 Change in value of interest rate swap agreements of $2,328,000, less the provision for uncollectible contributions receivable of $902,000, plus the change in value of split-interest agreements of $60,000, less Equity Method Investments FY17 write-down of $3,011,000. Roman Catholic Archdiocese of Newark 171 Clifton Avenue Newark NJ 07104 221487308 See Part VII NJ 501(c)(3) 1 false false false false false false false false false false false false true false false true false false false Part II : Identification of Related Tax-Exempt Org.Primary Activity Primary activity of Roman Catholic Archdiocese of Newark - oversees the Catholic church in certain counties of New Jersey.