2017-02-08T08:53:52-08:00 2016-06-30 J EDWARD ROBINSON CPA 11310 175TH STREET ST ALBANS NY 11433 990 2015-07-01 221500484 CENTENARY UNIVERSITY CENT 9088521400 400 Jefferson Street Hackettstown NJ 07840 ROGER ANDERSON COO/CFO 9088521400 2013-09-29 true JAMES E ROBINSON 9173123633 2017-02-08 2015 2021-01-29 14:40:06Z Roger Anderson 400 Jefferson Street Hackettstown NJ 07840 42030497 false X N/A X 1867 NJ Centenary University is an Independent university offering bachelor and associate degree programs in liberal arts and career areas; master degree programs in business administration, counseling and education; and an EdD in Educational Leadership. Certification programs are also offered. 32 32 816 40 229164 4225609 2365630 39242306 38016252 130947 604727 894061 1043888 44492923 42030497 0 0 21733482 21506478 0 399812 22658879 22157198 44392361 43663676 100562 -1633179 97301852 92528942 44931609 41791878 52370243 50737064 Centenary University is an Independent false false 21664476 30607672 INSTRUCTIONAL - CENTENARY UNIVERSITY IS A COMMUNITY OF LEARNERS DISTINGUISHED BY A DIVERSE STUDENT BODY, A DEDICATED FACULTY AND STAFF AND STIMULATED EDUCATION OPPORTUNITIES. CENTENARY UNIVERSITY IS COMMITTED TO QUALITY LIBERAL ARTS AND CAREER STUDIES EDUCATION WITH A SUBSTANTIAL INTERNATIONAL DIMENISION TO ENGAGE STUDENTS IN LEARNING AND PREPARE THEM FOR A SATISFYING CAREER, SUCCESSFUL LIVES, COMMUNITY SERVICE AND LIFELONG INTELLECTUAL PURSUITS. AS THE PRIMARY EDUCATIONAL AND CULTURAL RESOURCE OF NORTHWEST NEW JERSEY, CENTENARY OFFERS A RANGE OF UNDERGRADUATE AND PROFESSIONAL PROGRAMS, AS WELL AS NON-DEGREE COURSES FOR PROFESSIONAL AND PERSONAL DEVELOPMENT. 1528107 6769148 THE AUXILIARY SERVICES AT CENTENARY UNIVERSITY ARE ORGANIZED TO SUPPORT CERTAIN STUDENT ACTIVITIES; AND, PROVIDE STUDENT HOUSING AND OTHER FACILITIES AND SERVICES FOR THE BENEFIT OF THE CAMPUS OF CENTENARY UNIVERSITY. UNIVERSITY DORMITORIES(CONSISTING OF 8 RESIDENCE HALLS AND 2 HOUSES) PROVIDE LIVING QUARTERS FOR APPROXIMATELY 760 STUDENTS. ALSO AUXILIARY SERVICES PROVIDES RECREATIONAL FACILITIES, DINING SERVICES, PARKING AND OTHER SELF- SUPPORTING FACULTY, STAFF AND STUDENT SERVICES. 292655 121843 WNTI-FM RADIO STATION, IS A PUBLIC TELECOMMUNICATIONS ENTITY OPERATED BY CENTENARY UNIVERSITY. IT PROVIDES A WIDE RANGE OF PROGRAMMING FROM NATIONAL PUBLIC RADIO TO INTERNATIONAL PUBLIC RADIO AND AMERICAN PUBLIC MEDIA. AS A NON-PROFIT PUBLIC RADIO STATION BROADCASTING FROM THE UNIVERSITY, THE MAJORITY OF THE STATION'S OPERATIONS AND PROGRAMS ARE FUNDED BY LISTENER CONTRIBUTIONS AND SUPPORT FROM THE UNIVERSITY. ON JUNE 14, 2016, THE UNIVERSITY SOLD THE BROADCAST LICENSE. 23485238 true true false false false false false false false true true false false false true false true false true false false false false false true false false false false true true false false false false false false false false false true true false false false false false false false false true 219 0 true 816 true true true false false false false true true false false false false X 32 32 false false false false false false false true true false false false true true true true true true true false NJ X Roger Anderson 9088521400 400 Jefferson Street Hackettstown NJ 07840 DR HAE-JONG KIM Trustee Emeritus 2.00 X 0 0 0 ARDEN DAVIS MELICK Trustee Emeritus 2.00 X 0 0 0 WOLFGANG GSTATTENBAUER Chairman 2.00 X 0 0 0 KENNETH LEE HAHN 1st Vice Chairperson 2.00 X 0 0 0 NORMAN WORTH 2nd Vice Chairperson 2.00 X 0 0 0 CHRISTOPHER TREANOR 3rd Vice Chairperson 2.00 X 0 0 0 LUCENDA THOMAS EMBERSITS Secretary 2.00 X 0 0 0 DAVID JOHNSON Treasurer 2.00 X 0 0 0 SUSAN BATEMANESQ Institutional Trustee 2.00 X 0 0 0 AUDREY BONAPARTE-WATTS Institutional Trustee 2.00 X 0 0 0 DR HOWARD BURRELL Institutional Trustee 2.00 X 0 0 0 DR STANLEY CAINE Institutional Trustee 2.00 X 0 0 0 MICHAEL T CATAPANO Institutional Trustee 2.00 X 0 0 0 JASON C COE Institutional Trustee 2.00 X 0 0 0 DAVID D DALLAS Institutional Trustee 2 X REV DR FRANK L FOWLER III Institutional Trustee 2 X ELIZABETH FRIDAY-SKODA Institutional Trustee 2 X MICHAEL B LAVERY ESQ Institutional Trustee 2 X ROCHELLE MAKELA-GOODMAN Institutional Trustee 2 X MERRI MILLMAN Institutional Trustee 2 X RAYMOND NISIVOCCIA Institutional Trustee 2 X DR ROSALIND REICHARD Institutional Trustee 2 X JIM SALERNO Institutional Trustee 2 X BISHOP JOHN R SCHOL Institutional Trustee 2 X STEVE SOMERS Institutional Trustee 2 X 1842062 94545 13 true true false Horizon BC BS of NJ PO Box 820 Newark NJ 07101 Insurance Company 1972899 Chartwell Dinning PO Box 417632 Boston MA 022417632 Food Service 2272369 Natl Mgmt Resources PO Box 1224 Lagrange GA 30241 Maintenance Services 1483141 TL Groseclose 190 Tamarack Circle Skillman NJ 08558 Insurance Agency 680478 DCW Advertising 895 Maconi Avenue Ronkonkoma NY 11779 Advertising 769278 36 89258 377768 1898604 568334 2365630 Tuition and Fees 611600 30607672 Student Room and Board 611600 6769148 College Radio Station 515112 121843 Centenary Stage Company 711110 517589 38016252 -321481 36675 36675 36675 36675 926208 926208 926208 926208 89258 Summer Youth Camp 721214 229164 229164 Educational Programs 611310 384148 384148 393901 393901 1007213 42030497 39399028 229164 36675 1473072 694725 669432 108915 16295771 13321447 2798952 175372 0 0 0 0 624432 514093 100078 10261 1818108 1198717 590213 29178 1295095 1038415 238097 18583 44826 0 44826 0 108110 0 108110 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1120593 204039 916554 0 434668 425112 9532 24 818072 170183 647722 167 0 0 0 0 2041688 59431 1982257 0 260280 244328 15048 904 0 0 0 0 92357 91014 973 370 1347692 0 1347692 0 0 0 0 0 3718633 1729575 1989058 0 1030108 86993 943115 0 Student Foods Services 2356113 64870 2269395 21848 Bad Debt 1079827 0 1079827 0 Bank Fees 370599 1000 369599 0 Auxilary Enterprise 573987 573987 0 0 6759645 3067309 3658146 34190 43663676 23485238 19778626 399812 431132 975201 4759352 2508954 2698356 882441 3205264 2733499 1088524 1026207 34440 41160 1881310 624119 113726082 46532831 67140237 67193251 14442930 14381169 1150630 1054758 469677 1108183 97301852 92528942 1580119 2240955 3045809 1314820 36058400 33751374 294173 305006 3953108 4179723 44931609 41791878 X 48166140 45704280 903341 1008097 3300762 4024687 52370243 50737064 97301852 92528942 -1633179 X true X true X true true true X 0 0 0 0 0 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED true 228908 12469 241377 true 10603214 723925 -192385 406819 10727935 10352059 219248 266750 234843 10603214 3336934 6170140 962908 117923 10352059 2828897 72787 548306 113056 3336934 2911297 115986 -84488 113898 2828897 0.58270 0.37520 0.04210 false false 551051 551051 84296615 30019758 54276857 20934098 16513073 4421025 7944318 7944318 67193251 Asset Retirement 70875 Charitaable Gift Annuity Liability 622307 LT Notes Payable 1095105 Other LT Financing Agreement 2391436 4179723 42030497 42030497 42030497 43663676 43663676 43663676 Pt V, Line 4 The University's endowment funds are held to support the educational programs of the University. The University intends to leave the principal untouched and use the earnings to defray instructional expenditures, academic support, student aid and other institutional expenses that may arise. The University shall not use these funds for any purpose that is not consistent with the University's exempt status. Pt IV, Line 1b An Agency Account is used to account for resources held by the University, as custodian or fiscal agent, for a student, faculty or staff organization. Pt IV, Line 2b THE MOST COMMON TYPE OF AGENCY ACCOUNT IS A DEPOSITORY ACCOUNT WHERE A STUDENT WILL LEAVE ON DEPOSIT A CERTAIN SUM OF MONEY THAT WILL BE RETURNED IF THERE IS NO DAMAGE TO HIS OR HER ROOM. IN ADDITION ANOTHER COMMON TYPE OF ACCOUNT IS A CLUB ACCOUNT. DEPOSITS WOULD COME FROM DUES OR PROCEEDS FROM SALES OR EVENTS. EXPENDITURES WOULD BE AUTHORIZED CLUB/ORGANIZATION EXPENSES. true true false true true true true false false false false false false false false true false true Line 3 THE UNIVERSITY MEETS THE REQUIREMENT OF SUBSECTION 4.03; CONSEQUENTLY, THIS SECTION DOES NOT APPLY. THE COLLEGE FITS THE DESCRIPTION OF 2B. THE UNIVERSITY MEETS THE REQUIREMENT OF SUBSECTION 4.03; AND AS SUCH,THE UNIVERSITY IS EXEMPT FROM THIS SECTION. Line 6b THE UNIVERSITY RECEIVES SUCH FINANCIAL AID AS PELL, SEOG, DIRECT LENDING AND PARTICIPATES IN THE PERKINS LOAN PROGRAM. Gala true false false false false false false true false false false ROGER ANDERSON 175455 129 10528 18868 204980 BARBARA LEWTHWAITE 225000 198 13500 1221 239919 JAMES PATTERSON 178470 3800 10708 1803 194781 MICHAEL FUGARO 140214 1500 8413 611 150738 Pt I Line 1a The President is provided use of a house owned by the University. The related services such as facilities, maintenace and housekeeping are provided by the University. Pt I Line 1b The president is responsible for any and all personal expenses; and was paid in accordance with a written contract. Pt I Line 6a Upon the profitability of the institution. Pt I Line 1a A NJ Educational Facilities Authority 221829511 64605LBW7 2003-01-28 14775000 Contruction and improvement of false false false B NJ Educational Facilities Authority 221829511 000000000 2006-10-16 9154113 Current refunding of Construct false false false C NJ Educational Facilities Authority 221829511 000000000 2007-03-15 4784617 Renovations of facilities and false false false D NJ Educational Facilities Authority 221829511 000000000 2010-12-15 13974000 Current refunding of Construct false false false A 7045000 14914350 389497 295500 169554 45791 8744009 5270000 2003 true false true true B 1066250 9154113 140123 9013990 true false true true C 689021 4784617 935590 352771 4338256 2007 true false true true D 1429000 13974000 165025 13808975 true false true true A false false true true false 0.00000 0.00000 0.00000 false true B false true true true false 0.04000 0.00000 0.04000 false true C false true true true false 0.00300 0.00000 0.00300 false true D false true true true false 0.00500 0.00000 0.00500 false true A false false false true true true TD Bank NA 0.10000000 false false false false true B false false true false true false false false true C false false true false true false false false true D false false true true true false false false true A true B true C true D true Pt I-A col (f) The Bonds currently refund the Borrower's 2000 Series F dated November 22, 2000. Pt I-B col (f) The Bonds currently refund the Borrower's construction loan with Commerce Bank, National Association dated February 16, 2006. Pt I-C col (f) The Bonds currently refund the Borrower's construction loan note with Commerce Bank, National Association dated December 6, 2006. Pt I-D col (f) The Bonds currently refund the Borrower's construction loan note with Commerce Bank, National Association dated October 1, 2008. Pt II ln 3 A The difference between Part I column (e) and Part II line 3 is due to interest earnings on bond proceeds. Other Pt III, line 2, Column D - The Borrower has entered into short term lease arrangements that are related to its exempt purpose and that do not give rise to private use under Section 1.141(d)(3)(ii) of the Income Tax regulation. Other Pt III, line 7, Columns B,C,D - As provided in Treasury Regulation Section 1.141-4(c)(2)(i)(B), the amount of private payments taken into account under the private payment test may not exceed the amount of private business use and/or unrelated trade or business use. Accordingly, the amount of private payments for the reporting period does not exceed the amount stated in Part III, line 6. The organization has not undertaken an analysis of the private security test with respect to the Bonds because the amount of private business and/or unrelated trade or business use measured over the life of the Bond is not expected to be in excess of the amount permitted under Section 145 of the Code. Other PT IV line 2b, Columns B,C,D - The issue qualified for a spending exception to rebate. No rebate calculation has been or will ever be made, before or after the due date of an 8038-T. Pt IV ln 2c A THE REBATE COMPUTATION WAS PERFORMED AS OF JUNE 30, 2008. NO REBATE WAS DUE AS OF THIS COMPUTATION, AND AS NO PROCEEDS REMAIN UNSPENT, NO REBATE IS EXPECTED TO BE DUE FOR THE REMAINING TERM OF THEBONDS. A NJ Educational Facilities Authority 221829511 6460658J4 2014-01-30 8131497 Finance cost of acquiring and false false true A 4752 125000 125000 2016 false false false true A false true false false false false false false true A true Other Amounts in Part II, lines (3), (10), and (12) reflect only the amount received by Centenary University with respect to its portion of the pooled bonds. NORMAN WORTH Board Member 42220 Board Member of our bank false MIKE LAVERY Board Member 9710 Partner, Lavery, Selvaggi & Abromitis false NORMAN WORTH Board Member 31075 The University purchases radio advertising false X 490 32329 Selling Price X Horses 13 536005 Certified Appraiser false true false Pt VI, Line 11b Form 990 is prepared internally by the Controller and reviewed by the CFO/COO Pt VI, Line 12c Each officer, Director, Trustee and Key Employee is required to annually disclose any and all conflict of interest that may arise by virtue of their employment or postition with the University. Centenary University monitors compliance with its conflict of interest policy through and annual questionaire submitted to said individuals. Any potential conflicts are investigated. Pt VI, Line 15a Centenary University undertakes a rigorous process to ensure that executive compensation paid to top management officials and all officers (and Key Employees) of the organization are reasonable. Pt VI, Line 15b In relevant part, the Board of Trustees has established a compensation committee comprised of independent persons that have no personal interest in the proposed compensation arrangement. Pt VI, Line 12c Centenary University makes its 990 and 990T available to the public by retaining a copy of each at the address listed on page one of the return. Any individual requesting a copy of these documents is provided that copy on the same business day. The University's form 990 is also available for public view electronically at www.guidestar.org. The University's governing documents and conflict of interest policy are available to the public upon request.