2017-05-11T14:46:21-05:00 2016-06-30 111986323 MARCUM LLP CITY PLACE II 185 ASYLUM STREET HARTFORD CT 06103 990 2015-07-01 060646936 UNIVERSITY OF BRIDGEPORT UNIV 2035764690 126 PARK AVE WAHLSTROM LIBRARY7TH BRIDGEPORT CT 06604 SUSAN WILLIAMS VP-ADMIN & FINANCE 2035764690 2017-05-03 1 DOUGLAS FARRINGTON P00370668 8607600600 2015 2021-01-29 14:40:06Z SUSAN WILLIAMS 126 PARK AVE WAHLSTROM LIBRARY7TH BRIDGEPORT CT 06604 152419872 0 X HTTP://WWW.BRIDGEPORT.EDU X 1927 CT THE UNIVERSITY OF BRIDGEPORT (THE UNIVERSITY) OFFERS CAREER ORIENTED UNDERGRADUATE, GRADUATE, AND PROFESSIONAL DEGREES AND PROGRAMS FOR PEOPLE SEEKING PERSONAL AND PROFESSIONAL GROWTH. THE UNIVERSITY PROMOTES ACADEMIC EXCELLENCE, PERSONAL RESPONSIBILITY, AND COMMITMENT TO SERVICE. DISTINCTIVE CURRICULA IN AN INTERNATIONAL, CULTURALLY DIVERSE, SUPPORTIVE LEARNING ENVIRONMENT PREPARE GRADUATES FOR LIFE AND LEADERSHIP IN AN INCREASINGLY INTERCONNECTED WORLD. THE UNIVERSITY IS INDEPENDENT AND NON-SECTARIAN. 31 29 2093 0 140793 123950 2316892 4132628 128308253 132980462 1293527 1130001 1301449 1886467 133220121 140129558 38051120 38678745 0 0 46935405 52443604 0 0 2325088 44198835 47038748 129185360 138161097 4034761 1968461 149428028 155483497 84286153 92213504 65141875 63269993 X THE UNIVERSITY OF BRIDGEPORT (THE UNIVERSITY) OFFERS CAREER ORIENTED UNDERGRADUATE, GRADUATE, AND PROFESSIONAL DEGREES AND PROGRAMS FOR PEOPLE SEEKING PERSONAL AND PROFESSIONAL GROWTH. THE UNIVERSITY PROMOTES ACADEMIC EXCELLENCE, PERSONAL RESPONSIBILITY, AND COMMITMENT TO SERVICE. DISTINCTIVE CURRICULA IN AN INTERNATIONAL, CULTURALLY DIVERSE, SUPPORTIVE LEARNING ENVIRONMENT PREPARE GRADUATES FOR LIFE AND LEADERSHIP IN AN INCREASINGLY INTERCONNECTED WORLD. THE UNIVERSITY IS INDEPENDENT AND NON-SECTARIAN. 0 0 115540200 38678745 133938943 THE ORGANIZATION IS AN INDEPENDENT AND NONSECTARIAN INTERNATIONAL ACADEMIC INSTITUTION. THERE WERE APPROXIMATELY 5,433 STUDENTS FROM 45 STATES, 3 U.S. TERRITORIES AND 75 COUNTRIES ENROLLED FOR THE YEAR ENDED JUNE 30, 2016. 115540200 1 1 0 1 0 0 1 1 0 1 1 0 0 0 1 1 1 0 1 1 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 1 1 0 0 0 0 0 0 0 0 1 75 0 1 2093 1 1 1 0 0 0 0 1 1 0 0 0 0 X 31 29 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CT X X THOMAS DEBRIZZI JRU OF BRIDGEPORT 2035764690 126 PARK AVE WALHSTROM LIBRARY BRIDGEPORT CT 066012449 MERRILL J FORGOTSON TRUSTEE 1.00 X 0 0 0 ARTHUR E LANDI TRUSTEE 1.00 X 0 0 0 GORDON L ANDERSON PHD SECRETARY 1.00 X X 0 0 0 ROBERT L BERCHEM ESQ TRUSTEE 1.00 X 0 0 0 ABRAHAM I GORDON ESQ TRUSTEE 1.00 X 0 0 0 S GEORGE SANTA TRUSTEE 1.00 X 0 0 0 MARK A FRIES VICE CHAIR 1.00 X X 0 0 0 ERNEST C TREFZ TRUSTEE 1.00 X 0 0 0 MARTIN F WOLF ESQ TRUSTEE 1.00 X 0 0 0 FRANK N ZULLO ESQ CO-CHAIR 1.00 X X 0 0 0 NICHOLAS A PANUZIO TRUSTEE 1.00 X 0 0 0 JOSEPH VITTORIA TRUSTEE 1.00 X 0 0 0 FRANK I GROW III TRUSTEE 1.00 X 0 0 0 PHILLIP G SOAIVAN TRUSTEE 1.00 X 0 0 0 PIERRE TARDY TRUSTEE 1.00 X 0 0 0 MRS HENRY B DUPONT III TRUSTEE 1.00 X 0 0 0 NICHOLAS N KITTRIE SJD TRUSTEE 1.00 X 0 0 0 PAUL ANTINOZZI TRUSTEE 1.00 X 0 0 0 THE HONORABLE MARJORIE BUESSING TRUSTEE 1.00 X 0 0 0 DAVID D'ADDARIO TRUSTEE 1.00 X 0 0 0 THOMAS O'HARA VICE CHAIR 1.00 X X 0 0 0 SHINTARO AKATSU TRUSTEE 1.00 X 0 0 0 SARA TOWE HORSFALL TRUSTEE 1.00 X 0 0 0 BARBARA A JAMES TRUSTEE 1.00 X 0 0 0 ARNOLD H LEMA TRUSTEE 1.00 X 0 0 0 LAMBERT C SHELL SR TRUSTEE 1.00 X 0 0 0 KATHERINE J WOJCIK TRUSTEE 1.00 X 0 0 0 DEVANG C PATEL TRUSTEE 1.00 X 0 0 0 BRUCE L GRAHAM TRUSTEE 1.00 X 0 0 0 DIANE ALLISON ESQ VICE CHAIR 1.00 X X 0 0 0 THOMAS G WALSH CO-CHAIR 1.00 X X 0 0 0 THE HONORABLE JOSEPH P GANIM TRUSTEE 1.00 X 0 0 0 KI HOON KIM TRUSTEE 1.00 X 0 0 0 NEIL A SALONEN PRESIDENT 35.00 X 270081 0 235382 SUSAN D WILLIAMS PHD VP ADMIN/FIN 35.00 X 271432 0 46626 CAROLYN R LINSEY IN HOUSE COUNSEL 35.00 X 194532 0 19796 STEPHEN HEALEY PROVOST 35.00 X 186840 0 11771 TAREK M SOBH VP GRAD STUDIES & RESEARCH 35.00 X 408968 0 35836 HANS VAN DER GIESSEN SENIOR ADVISOR TO PRESIDENT 35.00 X 189062 0 18939 FAUD AZIZ AVP GLOBAL LEARNING INITI 35.00 X 186808 0 41205 LLOYD GIBSON DEAN SCHOOL OF BUSINESS 35.00 X 189875 0 26860 KHALED ELLEITHY ASSOC VP GRAD STUDIES & RESEARCH 35.00 X 204690 0 25837 2102288 0 462252 47 0 1 0 KBE 76 BATTERSON PARK ROAD FARMINGTON CT 06032 BUILDINGS/CONSTRUCTION 6865931 SODEXO OPERATIONS PO BOX 360170 PITTSBURGH PA 152516000 CAMPUS FOOD SERVICE 4944531 C&W 275 GROVE ST SUITE 3-200 AUBURNDALE MA 024662274 BUILDING & GROUNDS MAINTENANCE 4540323 SECURITAS SECURITY 2400 COMMERCE AVE BLDG 1100 SUITE 5 DULUTH GA 30096 SECURITY SERVICE 1811065 ELLUCIAN 4375 FAIR LAKES COURT FAIRFAX VA 22033 SOFTWARE SERVICES 736797 55 89950 2470432 1572246 109174 4132628 TUITION AND FEES 611310 119178830 119178830 RESIDENCE & MEALS 721000 12691016 12691016 OTHER PROGRAM FEES & REVENUES 611710 1110616 1110616 132980462 708948 708948 26190 26190 689927 0 689927 689927 689927 12664718 12243665 421053 421053 421053 37000 89950 46649 -9649 -9649 MISCELLANEOUS 900099 1023019 882226 140793 REBATES, REFUNDS & REIMBURSEMENTS 900099 86480 86480 INSURANCE SETTLEMENT 900099 70500 70500 1179999 140129558 133949168 140793 1906969 38678745 38678745 1285875 1285875 39988132 34074165 4869023 1044944 1725534 1470340 210103 45091 6561945 3690455 2657878 213612 2882118 2384097 424908 73113 602250 2867 599383 171111 170545 566 78040 78040 137825 137825 11156692 9230205 1748595 177892 2136335 1960820 49668 125847 4016185 2224743 1521773 269669 1460357 1015468 424151 20738 10761240 9362279 1291349 107612 1769970 1270214 484100 15656 953520 767360 164063 22097 2128670 10572 2118098 5434157 4727717 652098 54342 425924 79131 346793 BAD DEBT EXPENSE 1294609 1294609 STUDENT ACTIVITIES 960858 960858 STUDENT TEACHING 733055 733055 UBI TAXES 17250 17250 2800700 1602500 1044291 153909 138161097 115540200 20295809 2325088 2349 2351 11195849 5114385 207139 1363526 7515606 7665414 4044997 4106148 292662 466944 690952 1978900 191204066 93160877 77254592 98043189 25948161 29858060 22275721 6884580 149428028 155483497 12956724 19346729 4546655 4987003 806944 927551 64494558 63572832 305368 2396733 1175904 982656 84286153 92213504 X 56802679 55295400 7785456 7419953 553740 554640 65141875 63269993 149428028 155483497 X 1968461 -291075 -3549268 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 1 35000 1 43040 0 0 78040 0 PART II-B, LINE 1: THE UNIVERSITY OF BRIDGEPORT CONTRIBUTED TO THE CNPA LEGISLATION ACTION FUND. THIS FUND PAYS LOBBYISTS AND LEGAL COUNSEL TO RAISE NATUROPATHIC MEDICINE AWARENESS THROUGH A GRASSROOT EFFORT. X 1 0.74 1 1 0 1 0 10.00 0 1 64500 X X 0 0 33111721 730248 211816 33630153 31450937 963639 826437 129292 33111721 24894275 4378386 2288003 109727 31450937 21785893 1624363 1537258 53239 24894275 17639450 3877968 316908 48434 21785893 0.73640 0.01560 0.24800 0 0 4505708 4505708 116691148 58399322 58291826 46362210 34636390 11725820 23645000 125165 23519835 98043189 ACCRUED RETIREMENT BENEFITS 502538 CAPITAL LEASES 480118 982656 X 101068562 -291075 -38816570 -39107645 140176207 -46649 -46649 140129558 99391176 46649 46649 99344527 137825 38678745 38816570 138161097 PART II, LINE 9: THE UNIVERSITY OF BRIDGEPORT PRESERVES A HISTORIC STRUCTURE. NOTHING IS REPORTED ON THE BALANCE SHEET OR IN THE REVENUE AND EXPENSE STATEMENT. PART III, LINE 4: ARTWORK CONSISTS OF VARIOUS LITHOGRAPHS, SERIGRAPHS, ETCHINGS, OIL PAINTINGS AND SCREEN PRINTS. THE UNIVERSITY OFFERS A GRAPHIC DESIGN DEGREE PROGRAM ALONG WITH AN INDUSTRIAL AND INTERIOR DESIGN MAJOR LEADING TO A BACHELOR'S DEGREE. THE UNIVERSITY ALSO OFFERS A FASHION MERCHANDISING 2 YEAR PROGRAM. STUDENTS WORKS OF ART ARE SHOWN ON DISPLAY ALONG WITH THE ABOVE PIECES THAT THE UNIVERSITY OWNS. PART V, LINE 4: ENDOWMENT FUND REVENUE IS USED FOR GENERAL OPERATING SUPPORT UNLESS IT IS RESTRICTED BY THE DONOR FOR A SPECIFIC PURPOSE. PART X, LINE 2: THE UNIVERSITY IS GENERALLY EXEMPT FROM INCOME TAXES UNDER INTERNAL REVENUE CODE, SECTION 501(A), AS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3). THE UNIVERSITY ACCOUNTS FOR UNCERTAINTY IN INCOME TAXES USING A TWO-STEP APPROACH TO RECOGNIZING AND MEASURING UNCERTAIN TAX POSITIONS. THE FIRST STEP IS TO EVALUATE THE TAX POSITION FOR RECOGNITION BY DETERMINING IF THE WEIGHT OF AVAILABLE EVIDENCE INDICATES THAT IT IS MORE LIKELY THAN NOT THAT THE POSITION WILL BE SUSTAINED ON AUDIT, INCLUDING RESOLUTION OF RELATED APPEALS OR LITIGATION PROCESSES, IF ANY. THE SECOND STEP IS TO MEASURE THE TAX BENEFIT AS THE LARGEST AMOUNT THAT IS MORE THAN 50% LIKELY OF BEING REALIZED UPON SETTLEMENT. THE UNIVERSITY CLASSIFIES THE LIABILITY FOR UNRECOGNIZED TAX BENEFITS AS CURRENT TO THE EXTENT THAT THE UNIVERSITY ANTICIPATES PAYMENT (OR RECEIPT) OF CASH WITHIN ONE YEAR. INTEREST AND PENALTIES RELATED TO UNCERTAIN TAX POSITIONS ARE RECOGNIZED AND RECORDED AS NECESSARY IN THE PROVISION FOR INCOME TAXES. FEDERAL TAX YEARS ENDED JUNE 30, 2013 THROUGH 2016 REMAIN OPEN FOR AUDIT UNDER THE VARIOUS STATUTES OF LIMITATIONS. THE UNIVERSITY ASSESSED UNCERTAIN TAX POSITIONS AND HAS DETERMINED THAT THERE WERE NO SUCH POSITIONS THAT HAVE A MATERIAL EFFECT ON THE FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: INVESTMENT EXPENSES -137,825. GRANTS -38,678,745. PART XI, LINE 4B - OTHER ADJUSTMENTS: GOLF TOURNAMENT EXPENSES -46,649. PART XII, LINE 2D - OTHER ADJUSTMENTS: GOLF TOURNAMENT EXPENSES 46,649. PART XII, LINE 4B - OTHER ADJUSTMENTS: GRANTS 38,678,745. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE FOLLOWING POLICY APPEARS ON THE UNIVERSITY OF BRIDGEPORT'S WEBSITE, ADMISSION APPLICATIONS AND CATALOG. THE UNIVERSITY OF BRIDGEPORT DOES NOT DISCRIMINATE ON THE BASIS OF RACE,COLOR,NATIONAL ORIGIN,RELIGION,AGE,SEX,GENDER,SEXUAL ORIENTATION,DISABILITY,MARITAL STATUS,GENETIC INFORMATION, VETERAN STATUS OR GENDER IDENTITY AND GENDER EXPRESSION. SCHEDULE E, PART I, LINE 6 THE ORGANIZATION RECEIVED THE FOLLOWING GOVERNMENT GRANTS FOR SCHOLARSHIPS AND FINANCIAL AID DURING THE YEAR ENDED JUNE 30, 2016: HRSA - FEDERAL FEDERAL WORK STUDY FEDERAL SUPPLEMENTAL EDUCATION OPPORTUNITY GRANT PELL GRANT - FEDERAL TEACH GRANT - FEDERAL CONNECTICUT INDEPENDENT COLLEGE STUDENT GRANT PROGRAM - STATE CAPITOL SCHOLARSHIP PROGRAM - STATE GEAR UP - STATE GOVERNOR'S SCHOLARSHIP ACADEMIC INCENTIVE AWARD GOLF TOURNAMENT 126950 89950 37000 8695 34425 3529 126950 89950 37000 8695 34425 3529 46649 -9649 1 SCHOLARSHIPS FOR STUDENTS ATTENDING SCHOOL BASED ON FINANCIAL NEED AND MERIT. 1742 34594862 BOOK STUDENTS AWARDED SCHOLARSHIP BASED ON ATHLETIC ABILITY. 173 3746664 BOOK STUDENTS AWARDED SCHOLARSHIP BASED ON ACADEMIC MERIT. 42 337219 BOOK PART I, LINE 2: EACH GRANT IS ASSIGNED A SEPARATE DEPARTMENT ACCOUNT NUMBER. REPORTS ARE THEN PRINTED WHICH SHOW ALL FUNDS RECEIVED AND DISBURSED. THESE GRANT REPORTS ARE PRINTED ON A MONTHLY BASIS BY THE PERSON RESPONSIBLE FOR THE GRANT. THE ACCOUNTING DEPARTMENT ALSO PRINTS GRANT REPORTS ON A MONTHLY BASIS AS A CHECK THAT DISBURSEMENTS ARE NOT GREATER THAN FUNDS RECEIVED AND THAT FUNDS ARE BEING DISBURSED FOR GRANTS APPROVED. X 1 1 X X X X X 1 1 0 0 0 0 0 0 0 NEIL A SALONEN PRESIDENT 267123 0 0 0 2958 0 221736 0 13646 0 505463 0 0 0 SUSAN D WILLIAMS PHD VP ADMIN/FIN 241432 0 30000 0 0 0 43770 0 2856 0 318058 0 0 0 CAROLYN R LINSEY IN HOUSE COUNSEL 184532 0 10000 0 0 0 12240 0 7556 0 214328 0 0 0 STEPHEN HEALEY PROVOST 171840 0 15000 0 0 0 10269 0 1502 0 198611 0 0 0 TAREK M SOBH VP GRAD STUDIES & RESEARCH 313718 0 90000 0 5250 0 15900 0 19936 0 444804 0 5000 0 HANS VAN DER GIESSEN SENIOR ADVISOR TO PRESIDENT 189062 0 0 0 0 0 11322 0 7617 0 208001 0 0 0 FAUD AZIZ AVP GLOBAL LEARNING INITI 102370 0 17500 0 66938 0 24194 0 17011 0 228013 0 0 0 LLOYD GIBSON DEAN SCHOOL OF BUSINESS 179875 0 10000 0 0 0 11130 0 15730 0 216735 0 0 0 KHALED ELLEITHY ASSOC VP GRAD STUDIES & RESEARCH 161590 0 43100 0 0 0 10200 0 15637 0 230527 0 0 0 PART I, LINE 1B THE PRESIDENT AND CFO ARE REQUIRED TO LIVE ON CAMPUS AND ARE PROVIDED WITH UNIVERSITY OWNED HOUSING WITHOUT HAVING TO PAY RENT AND IS CONSIDERED AS PART OF THEIR COMPENSATION. WITH REGARD TO THE PRESIDENT, HOUSING IS FOR THE CONVENIENCE OF THE UNIVERSITY. WITH REGARD TO THE CFO, THE UNIVERSITY USES THE ADEQUATE RENT CALCULATION UNDER IRS PUBLICATION 525 SO THAT THE CFO CAN COMPUTE THE INCOME TAX ON THE RENT BENEFIT TO THE CFO. PART I, LINES 4A-B PART I, LINE 4B: NEIL A. SALONEN, TAREK SOBH, SUSAN WILLIAMS, AND FAUD AZIZ - PARTICIPATED IN A NONQUALIFIED RETIREMENT PLAN. TAREK SOBH RECEIVED A DISTRIBUTION OF $5,250 FROM THE PLAN. PART I LINE 4A FAUD AZIZ RECEIVED A SEVERANCE PAYMENT OF $66,938 DURING THE YEAR. A UNIVERSITY OF BRIDGEPORT 060646936 20774UNV3 2010-12-09 30000000 REFINANCE SERIES B CHEFA, REFINANCE MTGE LOAN & INFRASTRUCTURE 0 1 0 B UNIVERSITY OF BRIDGEPORT 060646936 2012-11-02 12000000 ISSUE SERIES C CHEFA FOR INFRASTRUCTURE 0 1 0 C UNIVERSITY OF BRIDGEPORT 060646936 2014-09-30 25000000 ISSUE SERIES E CHEFA FOR INFRASTRUCTURE 0 1 0 A 30000000 496771 7434010 22069219 2012 1 0 1 1 B 12000000 240000 11760000 2013 0 0 1 1 C 25000000 330489 19498669 0 0 0 1 A 0 0 0 0 0 0 1 B 0 0 0 0 0 0 1 C 0 0 0 0 0 0 1 A 0 1 1 0 1 0 0 0 1 B 0 1 0 0 0 0 0 0 1 C 0 1 0 0 0 0 0 0 1 A 1 B 1 C 1 PAUL ANTINOZZI BOARD MEMBER/ PRESIDENT AT ANTINOZZI ASSOCS. 178397 UNIVERSITY OF BRIDGEPORT ENGAGED ANTINOZZI ASSOCS. TO PROVIDE ARCHITECTURAL SERVICES 0 MARK A FRIES BOARD MEMBER / SR VP AT PEOPLE'S UNITED INSURANCE AGENCY 725533 THE UNIVERSITY OF BRIDGEPORT PURCHASED INSURANCE FROM BEARDSLEY BROWN & BASSETT, INC. (PEOPLE'S UNITED INSURANCE AGENCY) 0 X 4 959 FMV X 1 65800 FMV X 1 316 FMV X 6 21355 FMV X 2 15099 FMV X FURNITURE 2 5645 FMV 0 1 0 FORM 990, PART VI, SECTION B, LINE 11 A COMPLETED COPY OF FORM 990 IS MADE AVAILABLE TO ALL MEMBERS OF ITS GOVERNING BODY BEFORE FILING. CFO, UPON COMPLETION, REVIEWS RETURN WITH THE PRESIDENT AND UNIVERSITY'S COUNSEL. CONTROLLER REVIEWS FOR FINANCIAL ISSUES. BOARD OF TRUSTEES REVIEWS PRIOR TO ISSUANCE. FORM 990, PART VI, SECTION B, LINE 12C GENERAL COUNSEL DISTRIBUTES POLICY AND DISCLOSURE FORMS TO ALL TRUSTEES. THE TRUSTEES COMPLETE THE DISCLOSURE WHICH IS REVIEWED BY TRUSTEES OR A COMMITTEE THEREOF, AND WHO DECIDE WHETHER A CONFLICT EXISTS AND IF SO WHAT ACTION SHOULD BE TAKEN. FORM 990, PART VI, SECTION B, LINE 15 CFO COLLECTS COMPARABLE COMPENSATION DATA RELATING TO NON-PROFIT UNIVERSITIES IN SIMILAR NON-PROFIT UNIVERSITIES. THE BOARD OF TRUSTEES COMPENSATION COMMITTEE USES THE DATA TO DETERMINE THE COMPENSATION FOR THE CEO AND PRINCIPAL UNIVERSITY OFFICERS. MINUTES OF THE COMMITTEE ACTIVITIES ARE MAINTAINED. THE CEO AND PRINCIPAL UNIVERSITY OFFICERS DETERMINE THE COMPENSATION FOR THE OTHER OFFICERS AND KEY EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 18 THE ORGANIZATION MAKES AVAILABLE ITS FORMS 990 AND 990-T UPON REQUEST. THE FORM 990 IS ALSO AVAILABLE ON GUIDESTAR. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES AVAILABLE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS FOR PUBLIC INSPECTION UPON REQUEST, AT ITS ADMINISTRATIVE OFFICES IN BRIDGEPORT, CONNECTICUT. FORM 990, PART XI, LINE 9: CHANGE IN FAIR VALUE OF INTEREST RATE SWAPS -3,549,268. FORM 990, PART XI, LINE 2C: USED SAME PROCESS AS PRIOR YEAR.