2017-05-11T19:04:17-05:00 2016-06-30 KPMG LLP 345 PARK AVE NY NY 101540102 990 2015-07-01 210634981 GEORGIAN COURT UNIVERSITY % JOHN SOMMER VP FINANCE & AD GEOR 7329872200 900 LAKEWOOD AVENUE LAKEWOOD NJ 08701 JOHN SOMMER VP FINANCE & ADM 2017-05-11 true PHILLIP GROFF P01247783 2127589700 2017-05-08 2015 2021-01-29 14:40:06Z JOSEPH R MARBACH PHD 900 LAKEWOOD AVENUE LAKEWOOD NJ 08701 87435244 false X WWW.GEORGIAN.EDU X 1908 NJ SEE SCHEDULE O. 33 32 966 180 249710 -252610 3045409 8965087 54519183 54602114 4262395 3702193 1042828 588509 62869815 67857903 16308056 16684406 0 0 26095805 25238360 18397 30727 1704682 19834918 18570182 62257176 60523675 612639 7334228 122948493 126510141 32451194 31650595 90497299 94859546 X GEORGIAN COURT UNIVERSITY (GCU), WHICH PROVIDES A COMPREHENSIVE LIBERAL ARTS EDUCATION AND IS OPEN TO STUDENTS OF ALL FAITHS, DELIVERS A CURRICULUM THAT PROMOTES SCHOLARSHIP, SERVICE, LEADERSHIP, AND PERSONAL DEVELOPMENT. GUIDED BY THE SISTERS OF MERCY'S CORE VALUES OF RESPECT, INTEGRITY, SERVICE, JUSTICE, AND COMPASSION, GEORGIAN COURT PROVIDES STUDENTS WITH UNIQUE OPPORTUNITIES TO DISCOVER THEIR TALENTS AND EXPLORE THEIR LEADERSHIP POTENTIAL. GCU ALUMNI USE THEIR EDUCATION TO BUILD CONTRIBUTIVE, SUCCESSFUL LIVES AND CAREERS. false false 33285149 16684406 54968412 INSTRUCTIONAL DEGREE PROGRAM - FOR MORE INFORMATION SEE SCHEDULE 0 6357515 STUDENT SERVICE SUPPORT - OTHER EXPENDITURES TO SUPPORT THE OPERATION OF OFFICES DEDICATED TO STUDENT SERVICE ACTIVITIES. 3306871 STUDENT ATHLETES & PROGRAMS - FOR MORE INFORMATION SEE SCHEDULE 0 0 0 0 42949535 true true false true false false false false false true true true false false true true true false true false true false true true true false false false true true true false false false false false false false false true false false false false false false true true true false false true 141 0 true 966 true true true false false false false true true false false false false X 33 32 false false false false false true true true true false false true true true true true true true true false AK CT KY MD MA MI NH NJ NY ND OH OK OR PA SC TN X JOHN SOMMER VP FINANCE AD 7329872416 900 LAKEWOOD AVENUE Lakewood NJ 08701 X LOUESA LESA LARDIERI-WRIGHT BOARD CHAIR 1.0 0.0 X 0 0 0 MARY MEEHAN PHD BOARD VICE CHAIR 1.0 0.0 X 0 0 0 TESSA M BRESLIN INDIVIDUAL TRUSTEE 1.0 0.0 X 0 0 0 JEFFREY S CHIESA INDIVIDUAL TRUSTEE 1.0 0.0 X 0 0 0 FRANCIS G COLEMAN INDIVIDUAL TRUSTEE 1.0 0.0 X 0 0 0 FRANK DEMIRO CPA INDIVIDUAL TRUSTEE 1.0 0.0 X 0 0 0 JAMES H DICKERSON JR INDIVIDUAL TRUSTEE 1.0 0.0 X 0 0 0 ELIZABETH FONTENELLI Individual Trustee END 6/30/16 1.0 0.0 X 0 0 0 FIAH GUSSIN INDIVIDUAL TRUSTEE 1.0 0.0 X 0 0 0 PATRICIA SMITH HEANUE INDIVIDUAL TRUSTEE 1.0 0.0 X 0 0 0 JAMES J KNIPPER INDIVIDUAL TRUSTEE 1.0 0.0 X 0 0 0 PATRICIA E KOCH ESQ TRUSTEE EMERITA 1.0 0.0 X 0 0 0 MONSIGNOR CASIMIR H LADZINSKI INDIVIDUAL TRUSTEE 1.0 0.0 X 0 0 0 MICHAEL J LAFERRERA INDIVIDUAL TRUSTEE 1.0 0.0 X 0 0 0 EUGENIA LAWSON Individual Trustee END 6/30/16 1.0 0.0 X 0 0 0 STEVEN G LITTLESON INDIVIDUAL TRUSTEE 1.0 0.0 X 0 0 0 KERRY ANNE MCGEARY PHD INDIVIDUAL TRUSTEE 1.0 0.0 X 0 0 0 AMELIA A MCTAMANEY INDIVIDUAL TRUSTEE 1.0 0.0 X 0 0 0 ROBERT E MULCAHY III INDIVIDUAL TRUSTEE 1.0 0.0 X 0 0 0 DEIRDRE MULLAN RSM PHD INDIVIDUAL TRUSTEE 1.0 0.0 X 0 0 0 ELIZABETH BESS MULVIHILL INDIVIDUAL TRUSTEE 1.0 0.0 X 0 0 0 EDWARD NADWORNY INDIVIDUAL TRUSTEE 1.0 0.0 X 0 0 0 LINDA M ORLANDO INDIVIDUAL TRUSTEE 1.0 0.0 X 0 0 0 JUDY PERSICHILLI INDIVIDUAL TRUSTEE 1.0 0.0 X 0 0 0 MARK N RICCA INDIVIDUAL TRUSTEE 1.0 0.0 X 0 0 0 MEGAN MULCAHY ROMANO INDIVIDUAL TRUSTEE 1.0 0.0 X 0 0 0 JOHN W SEAZHOLTZ INDIVIDUAL TRUSTEE 1.0 0.0 X 0 0 0 JUDGE EUGENE D SERPENTELLI INDIVIDUAL TRUSTEE 1.0 0.0 X 0 0 0 PETER J STROHM ESQ Individual Trustee 1.0 0.0 X 0 0 0 THOMAS J SYKES AIA PP INDIVIDUAL TRUSTEE 1.0 0.0 X 0 0 0 PATRICIA TALONE RSM PHD INDIVIDUAL TRUSTEE 1.0 0.0 X 0 0 0 JULIA ANN UPTON RSM PHD INDIVIDUAL TRUSTEE 1.0 0.0 X 0 0 0 REGINA WARD RSM INDIVIDUAL TRUSTEE 1.0 0.0 X 0 0 0 M DEBORAH HANLEY WILLIAMS INDIVIDUAL TRUSTEE 1.0 0.0 X 0 0 0 JEFFRIES RSM SISTERS OF MERCY R FMR PRESIDENT (END 6/30/2015) 0.0 0.0 X 0 0 0 JOSEPH R MARBACH PRESIDENT (BEGAN 7/1/2015) 35.0 0.0 X X 122238 0 16950 WILLIAM JOHN BEHRE PROVOST 35.0 0.0 X 183735 0 36386 JOHN SOMMER VP FOR FINANCE &ADMINISTRATION 35.0 0.0 X 166869 0 11517 MELLISSIA M ZANJANI VP INSTITUTIONAL ADVANCEMENT 35.0 0.0 X 138758 0 34589 EVELYN SAUL QUINN VP FOR MISSION 35.0 0.0 X 121860 0 27665 LISA R KUHNLE-BIAGAS VP INSTITUTIONAL EFFECTIVENESS 35.0 0.0 X 106332 0 7588 ARLENE WESLEY CASH INTERIM VP FOR ENROLLMENT 35.0 0.0 X 103342 0 450 LYNN DECAPUA DEAN SCHOOL OF EDUCATION 35.0 0.0 X 124741 0 15592 RITA SMITH KIPP DEAN SCHOOL OF ARTS & SCIENCES 35.0 0.0 X 122056 0 16665 MARY LEE BATESKO PROFESSOR SCHOOL OF EDUCATION 35.0 0.0 X 114753 0 16300 STEVEN GEORGE CAROL CHIEF INFORMATION OFFICER 35.0 0.0 X 113227 0 16582 MAUREEN R RYAN-HOFFMAN ASST VP FOR FINANCE/CONTROLLER 35.0 0.0 X 109862 0 35654 1527773 0 235938 23 false true false IRWIN LEIGHTON INC 1030 CONTINENTAL DRIVE KING OF PRUSSIA PA 19406 CONTRACTOR 4512723 FIELDTURF USA INC 7445 COTE-DE-LIESSE ROAD MONTREAL 0 CA H4T 1G2 CONTRACTOR 718855 ELLUCIAN COMPANY LP 4 COUNTRY VIEW ROAD MALVERN PA 19355 Management Services 643978 WANK ADAMS SLAVIN ASSOCIATES LLP 740 BROADWAY FLOOR 4 NEW YORK NY 10003 CONTRACTOR 229550 D GORDON CONTROLS INC PO BOX 1181 FORKED RIVER NJ 08731 CONTRACTOR 132503 6 118411 7511242 1335434 0 8965087 TUITION AND FEES 900099 50172247 50172247 RESIDENCE HALLS AND DINING SERVICES 900099 4364291 4364291 BOOKSTORE COMMISSION 900099 65576 65576 54602114 3043907 3503 3040404 0 0 120925 2782 120925 2782 123707 123707 20161857 19503571 658286 658286 658286 42074 118411 69920 -27846 -27846 7700 3850 3850 3850 0 OTHER STUDENT ACTIVITIES/MISCELLANEOUS 900099 340798 340798 CATERING 900099 122500 122500 TRUST INCOME 900099 25500 25500 488798 67857903 54968412 249710 3674694 0 15958628 15958628 725778 725778 0 1105015 255575 689409 160031 50204 50204 18995055 14819427 3522689 652939 830743 595100 204388 31255 2566602 1720073 763010 83519 1690741 1264141 359915 66685 61500 61500 67036 67036 116050 116050 22613 22613 30727 30727 273603 273603 308201 35650 232269 40282 616813 178511 429477 8825 914062 723175 139445 51442 1979599 1237713 662264 79622 0 1389203 252101 1137102 355200 325371 16046 13783 0 129133 96670 23921 8542 1391482 1391482 0 2887122 2855289 31833 1210092 67690 1142402 DINING HALL 1697978 1697978 EQUIPMENT R&M 925134 246720 677060 1354 STUDENT PROGRAM SERVICES 608303 557846 34378 16079 PROFESSIONAL SERVICES 385120 385120 3231938 1694564 1109610 427764 60523675 42949535 15869458 1704682 0 0 3162055 2322793 1317654 1053419 2003074 2324337 0 0 0 0 12908 14279 810 283 250832 87939 113918705 45611606 60787164 68307099 44815064 41953327 10071861 10141339 0 0 0 0 527071 305326 122948493 126510141 4500683 5035732 135171 48589 177100 304055 25645818 24468045 0 0 0 0 724871 574916 0 0 1267551 1219258 32451194 31650595 X 66487180 71426972 10554633 9673548 13455486 13759026 90497299 94859546 122948493 126510141 X 7334228 -2993143 21162 X false true X true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false true false false false false true 1786 false true 32339 34125 false SCHEDULE C, PART II-B, LINE 1 THE UNIVERSITY ENGAGED MWW PUBLIC AFFAIRS TO UNDERTAKE LOBBYING AND GRANT-WRITING ASSISTANCE ON ITS BEHALF. THE TOTAL FEES PURSUANT TO THIS CONTRACT FOR THE YEAR ENDED JUNE 30, 2016 WERE $30,654. THE FIRM EXPENDED 50% OF EFFORT ON LOBBYING AND 50% ON GRANT-WRITING ASSISTANCE. IN ADDITION, THE UNIVERSITY SECURED THE SERVICES OF KOMJATHY STEWART ($5,500) FOR STATE LOBBYING ACTIVITIES. UNIVERSITY PERSONNEL AND STUDENTS, DURING THE COURSE OF VARIOUS ACTIVITIES THROUGHOUT THE YEAR, MEET WITH LEGISLATORS TO DISCUSS EDUCATION RELATED TOPICS. THE AMOUNT OF TIME SPENT IS NOT MATERIAL. LINE 1G THE UNIVERSITY PAID MEMBERSHIP DUES TO MEMBER ORGANIZATIONS WHO MAY ENGAGE IN LOBBYING ACTIVITIES. THEREFORE, A PORTION OF THE DUES MAY BE ATTRIBUTABLE TO LOBBYING ACTIVITIES. THE UNIVERSITY'S PORTION OF DUES ATTRIBUTABLE TO LOBBYING TOTALED $1,786. THIS DOES NOT CONSTITUTE A SUBSTANTIAL PORTION OF THE UNIVERSITY'S ACTIVITY. 53293111 323818 224246 1999297 51841878 52512250 765004 2003320 1987463 53293111 47208069 313523 6729435 1738777 52512250 43085315 105194 5738609 1721049 47208069 44363193 186376 207094 1671348 43085315 0.59050 0.14410 0.26540 false true true 4457947 4457947 77599213 27014512 50584701 1889729 1830130 59599 17308699 15436989 1871710 12663117 1329975 11333142 68307099 INVESTMENT HELD BY TRUSTEE 2477632 F PRIVATE EQUITY FUNDS 1999496 F STRUCTURED CREDIT FUNDS 1737178 F SPECIAL SITUATIONS FUNDS 1532421 F PERPETUAL TRUSTS 636770 F CORE PROPERTIES FUNDS 1757842 F 10141339 0 OTHER LIABILITIES 184817 CONDITIONAL ASSET RETIREMENT 917945 ANNUITY PAYMENT LIABILITY 116496 1219258 X 47927913 -2993143 21162 -2971981 50899894 273603 16684406 16958009 67857903 43565666 43565666 273603 16684406 16958009 60523675 ENDOWMENT FUNDS FORM 990, SCHEDULE D, PART V, LINE 4 THE UNIVERSITY HAS ADOPTED AN INVESTMENT POLICY THAT IS INTENDED TO PROVIDE A PREDICTABLE STREAM OF FUNDING TO PROGRAMS FROM ITS ENDOWMENT WHILE SEEKING TO MAINTAIN THE PURCHASING POWER OF THE ENDOWMENT ASSETS. ENDOWMENT ASSETS INCLUDE THOSE ASSETS OF DONOR-RESTRICTED FUNDS THAT THE UNIVERSITY MUST HOLD IN PERPETUITY AS WELL AS BOARD-DESIGNATED FUNDS. 1. DONOR-RESTRICTED ENDOWMENT FUNDS ARE ESTABLISHED BY DONOR-RESTRICTED GIFTS AND RECORDED AS PERMANENTLY RESTRICTED WITHIN THE UNIVERSITY FINANCIAL STATEMENTS. THE AMOUNT OF EACH INDIVIDUAL FUND IS COMPRISED OF THE ORIGINAL GIFT, SUBSEQUENT GIFTS IF THEY WERE TO BE ADDED TO THE PERMANENT ENDOWMENT AND ACCUMULATIONS IF DIRECTED BY THE DONOR'S GIFT DOCUMENTS. THESE FUNDS MUST BE RETAINED IN ACCORDANCE WITH THE EXPLICIT DONOR STIPULATIONS. 2. EARNINGS ON THESE ENDOWED FUNDS ARE REGARDED AS NET APPRECIATION AND CLASSIFIED AS TEMPORARILY RESTRICTED NET ASSETS. THESE AMOUNTS ARE APPROPRIATED FOR EXPENDITURE CONSISTENT WITH THE DONOR GUIDELINES. DONOR FUNDED SCHOLARSHIPS ARE AWARDED ANNUALLY, IN ACCORDANCE WITH DONOR STIPULATED GUIDELINES AND ARE A COMPONENT OF THE UNIVERSITY'S FINANCIAL AID BUDGET. 3. BOARD DESIGNATED FUNDS, QUASI-ENDOWMENT, FUNCTIONING AS ENDOWMENTS ARE MADE UP OF A DEBT FUND, INTENDED TO OFFSET FUTURE DEBT BORROWINGS; A PLANT FUND, INTENDED TO SUPPLEMENT OPERATIONAL EXPENSES RELATED TO FACILITIES' NEEDS SUCH AS DEFERRED MAINTENANCE OR CAPITAL ITEMS; AND A SPECIAL PROJECTS FUND WITH THE ABILITY TO REACT TO THE CHANGING NEEDS AND DEMANDS OF THE HIGHER EDUCATION ENVIRONMENT. INCOME TAXES The University is classified as a 501(c)(3) organization and is exempt from federal income taxes under Section 501(a) of the Internal Revenue Code and a similar provision of the New Jersey State income tax law. Accordingly, no provision for income taxes has been reflected in the accompanying financial statements. There are certain transactions that could be deemed unrelated business income and would result in a tax liability. Management reviews transactions to estimate potential tax liabilities using a threshold of more likely than not. It is management's estimation that there are no material tax liabilities that need to be recorded at June 30, 2016 and 2015 RECONCILIATION OF REVENUE FORM 990, SCHEDULE D, PART XI, LINE 2D SPLIT INTEREST AGREEMENTS/LIFE INS SURRENDER VALUE $ 21,162 FORM 990, SCHEDULE D, PART XI, LINE 4B SCHOLARSHIP EXPENSE (RECLASS) $ 16,684,406 RECONCILIATION OF EXPENSES FORM 990, SCHEDULE D, PART XII, LINE 4B SCHOLARSHIP EXPENSE (RECLASS) $ 16,684,406 true true true true true true true false false false false false false false false true false true NONDISCRIMINATION POLICY Form 990, Schedule E, Part I, Line 3 THE UNIVERSITY'S NOTICE OF NONDISCRIMINATION POLICY IS PRINTED ON ALL BROCHURES, WEB PAGES, AND PUBLICATIONS THAT ADVERTISE GCU PROGRAMS AND ADMISSIONS STANDARDS. FINANCIAL AID OR ASSISTANCE FROM A GOVERNMENTAL AGENCY Form 990, Schedule E, Part I, Line 6a U.S. DEPARTMENT OF EDUCATION: STUDENT FINANCIAL ASSISTANCE CLUSTER - FEDERAL PELL GRANT PROGRAM FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANT FEDERAL WORK STUDY PROGRAM FEDERAL DIRECT STUDENT LOANS TEACHER EDUCATION ASSISTANCE FOR COLLEGE AND HIGHER EDUCATION GRANTS (TEACH GRANTS) OTHER U.S. DEPARTMENT OF EDUCATION AID - TRIO STUDENT SUPPORT SERVICES NJ SEA GRANT-RAIN GARDEN NEW JERSEY DEPARTMENT OF EDUCATION: STUDENT FINANCIAL AID CLUSTER - TUITION AID GRANT GEAR UP GRANT NJ STARS PROGRAM GARDEN STATE OTHER NJ DEPARTMENT OF EDUCATION ASSISTANCE - EDUCATION OPPORTUNITY FUND-GRANT EDUCATION OPPORTUNITY FUND-ARTICLE IV TRISTATE & STUDENT LEADERSHIP SPECIAL PROJECT EDUCATION OPPORTUNITY FUND-SUMMER NEW JERSEY DEPARTMENT OF HEALTH AND HUMAN SERVICES: VOCATIONAL REHABILITATION DIRECT SERVICES NEW JERSEY COMMISSION FOR THE BLIND NEW JERSEY DEPARTMENT OF TREASURY AID TO INDEPENDENT COLLEGES & UNIVERSITIES NON-CASH AWARDS: NJEFA-DORMITORY SAFETY TRUST FUND, SERIES 2001A - INTEREST SUBSIDY NJEFA-DORMITORY SAFETY TRUST FUND, SERIES 2003A - INTEREST SUBSIDY NJEFA-DORMITORY EQUIPMENT LEASING FUND, SERIES 2014B - EQUIPMENT LEASING true Sub-Saharan Africa Grantmaking 46716 East Asia and the Pacific Grantmaking 79379 South America Grantmaking 50454 Middle East and North Africa Grantmaking 35890 Europe (Including Iceland and Greenland) Grantmaking 508339 Central America & Caribbean Grantmaking 5000 725778 725778 FINANCIAL AID Central America & Caribbean 1 5000 CREDIT ACCT N/A N/A FINANCIAL AID East Asia and the Pacific 2 79379 CREDIT ACCT N/A N/A FINANCIAL AID Europe (Including Iceland and Greenland) 14 508339 CREDIT ACCT N/A N/A FINANCIAL AID Middle East and North Africa 1 35890 CREDIT ACCT N/A N/A FINANCIAL AID South America 2 50454 CREDIT ACCT N/A N/A FINANCIAL AID Sub-Saharan Africa 1 46716 CREDIT ACCT N/A N/A true false true true true false SCHEDULE F, PART I, LINE 2 THE UNIVERSITY GRANTS LISTED ON SCHEDULE F REPRESENT INSTITUTIONAL AID PROVIDED TO STUDENTS WHO MATRICULATE AT THE UNIVERSITY. THE AID PROVIDED TO THE STUDENTS IS APPLIED BY THE UNIVERSITY DIRECTLY TO THE STUDENTS' ACCOUNT. AS SUCH, NO MONITORING OF THE GRANT FUNDS ARE REQUIRED BECAUSE THE STUDENT MAY ONLY USE THE SCHOLARSHIP FUNDS TO DEFRAY THE COST OF TUITION. X X X X X X X true MWW GROUP LLC ONE MEADOWLANDS PLAZA EAST RUTHERFORD NJ 07073 GRANT ASSISTANCE false 15327 -15327 THE HANOVER RESEARCH COUNCIL 4401 WILSON BLVD 4TH FLOOR ARLINGTON VA 22203 GRANT ASSISTANCE false 15400 -15400 30727 -30727 AL AK AR CA CO CT DC FL GA HI IL KS KY ME MD MA MI MN MS MO NH NJ NM NY ND OH OK OR PA RI SC TN UT VA WA WV WI Golf May 2016 131625 97346 34279 41885 Cocktail Party 28860 21065 7795 28035 160485 118411 42074 69920 69920 -27846 900 LAKEWOOD AVENUE LAKEWOOD NJ 08701 Schedule G, Part I, Column (IV) Gross Receipts from Activity: MWW Group, LLC provides limited support for grant writing and editing. No related grant funds were received during FY16. The Hanover Research Council activity was for grant writing support and editing services from January 2015 to January 2016. No related grant funds were received during FY16. true Institutional Grant Aid 1388 8852917 Transfer Scholarship 434 3802386 Endowed 276 1087465 Athletics 159 1603074 Nursing Scholarship 106 1099881 Religious Grants & Discounts 26 238683 MONITORING OF FUNDS Part I Line 2 THE UNIVERSITY GRANTS LISTED ON SCHEDULE I REPRESENT SCHOLARSHIP PROVIDED TO STUDENTS WHO MATRICULATE AT THE UNIVERSITY. AS SUCH, NO MONITORING OF THE GRANT FUNDS ARE REQUIRED BECAUSE THE STUDENT MAY ONLY USE THE SCHOLARSHIP FUNDS TO DEFRAY THE COST OF TUITION. X X false true X X X X X false false false false false false false false false JEFFRIES RSM SISTERS OF MERCY 0 0 0 0 0 0 0 0 0 0 0 0 0 0 WILLIAM JOHN BEHRE PROVOST 183735 0 0 0 0 0 10923 0 25463 0 220121 0 0 0 JOHN SOMMER VP FOR FINANCE &ADMINISTRATION 166869 0 0 0 0 0 9862 0 1655 0 178386 0 0 0 MELLISSIA M ZANJANI VP INSTITUTIONAL ADVANCEMENT 138758 0 0 0 0 0 8812 0 25777 0 173347 0 0 0 COMPENSATION Form 990, Sch J, Part I Line 1a HOUSING ALLOWANCE OR RESIDENCE FOR PERSONAL USE AND PERSONAL SERVICES: THE PRESIDENT IS PROVIDED USE OF A UNIVERSITY RESIDENCE BUILDING. THE COSTS ARE INCURRED BY THE UNIVERSITY AND CONSIDERED PART OF THE COSTS CUSTOMARY WITH SAID POSITION IN ORDER TO CARRY OUT VARIOUS JOB FUNCTIONS. RELATED PERSONAL SERVICES SUCH AS MAINTENANCE AND HOUSEKEEPING ON THE ENTIRE FACILITY ARE PERFORMED BY THE UNIVERSITY. A New Jersey Educational Fac Auth 2007 Series D 221829511 646065KQ4 2007-07-19 27196077 Refund Series 2003 & Construction false false false B New Jersey Educational Fac Auth 2006A 221829511 64605LZ43 2006-10-26 12036146 Refund 2000, 2003 &2004 Bond Issue false false true C New Jersey Educational Fac Auth 2007 Series H 221829511 2007-09-28 1050000 Purchase Property false false false D NEW JERSEY EDUCATIONAL FAC AUTH 2014D 221829511 646066DG2 2014-04-29 19369367 REFUND 2004 ISSUE false false true A 3829823 0 27196077 2063255 0 0 443446 0 0 11220886 13468490 0 false true true true B 410742 0 803604 0 0 0 6607 6582 0 0 790415 0 2005 false true true true C 505211 0 1050000 0 0 0 0 0 0 1050000 0 0 2007 false false true true D 582585 0 944442 0 0 0 5526 0 0 751266 187650 0 false true true true A false false true true 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 D false false false false 0 false false false true A false true false false 0 false 0 false true B false true false false 0 false 0 false true C false true false false 0 false 0 false true D false true false false 0 false 0 false true A true B true C true D true SCHEDULE K: BOND A - NEW JERSEY EDUCATIONAL FACILITIES AUTHORITY, PROJECT REVENUE BONDS, 2007 SERIES D: ON JULY 10, 2007, THE UNIVERSITY ISSUED NEW JERSEY EDUCATIONAL FACILITIES AUTHORITY 2007 SERIES PROJECT D BONDS IN THE AMOUNT OF $27,196,077 (PAR AMOUNT OF $26,980,000 PLUS ORIGINAL ISSUE PREMIUM OF $216,077). THE PROCEEDS FROM THIS ISSUE WERE USED FOR THE PURPOSES OF FINANCING THE COSTS TO CONSTRUCT AND EQUIP THE WELLNESS CENTER AND AN ADVANCE REFUNDING OF A PORTION OF SERIES 2003C BONDS. PART III, LINE 3A: ALL CONTRACTS FALL UNDER REV. PROC. 97-13 OR ARE INCIDENTAL IN NATURE AND DO NOT CONSTITUE PRIVATE BUSINESS USE. PART IV, LINE 2C: THE LAST COMPUTATION WAS DONE 04/11/2016. BOND B -NEW JERSEY EDUCATIONAL FACILITIES AUTHORITY CAPITAL IMPROVEMENT FUND, 2006 A: ON OCTOBER 26, 2006, THE NEW JERSEY EDUCATIONAL FACILITIES AUTHORITY ISSUED ITS CAPITAL IMPROVEMENT FUND BONDS, 2006A TO REFUND PART OF THE CAPITAL IMPROVEMENT FUND 2004A BONDS AND PART OF SEVERAL OTHER ISSUES OF CAPITAL IMPROVEMENT BONDS. DEBT SERVICE ON THE 2004A BONDS WAS ADJUSTED TO TAKE ACCOUNT OF THE DEBT SERVICE SAVINGS THAT RESULTED FROM THE REFUNDING. PART II, LINE 3: BOND 2006A IS A POOLED FINANCING BOND. THE PORTION REPORTED ON SCHEDULE K, PART II IS REFLECTIVE OF ONLY GEORGIAN COURT UNIVERSITY'S PORTION. PART IV, LINE 2C: THE LAST COMPUTATION WAS DONE 09/29/2014. BOND C- NEW JERSEY EDUCATIONAL FACILITIES AUTHORITY, PROJECT REVENUE BONDS, 2007 SERIES H, DATE ISSUED 9/28/2007: THESE BONDS WERE ISSUED BY THE NEW JERSEY EDUCATIONAL FACILITIES AUTHORITY PURSUANT TO A NEW JERSEY STATE PROGRAM TO FINANCE CAPITAL IMPROVEMENTS AT INSTITUTIONS OF HIGHER EDUCATION IN NEW JERSEY. THE BONDS WERE SOLD BASED ON THE CREDIT OF THE STATE OF NEW JERSEY IN THE AGGREGATE PRINCIPAL AMOUNT OF $76,725,000. THIS AMOUNT WAS ALLOCATED TO BOTH PUBLIC AND PRIVATE INSTITUTIONS. A FORM 8038 WAS FILED FOR THE PORTION OF THE ISSUE ALLOCATED TO THE PRIVATE INSTITUTIONS AND A SEPARATE FORM 8038-G WAS FILED FOR THE PORTION ALLOCATED TO PUBLIC INSTITUTIONS. GEORGIAN COURT RECEIVED AN AMOUNT OF $1,050,000. THE AMOUNTS REPORTED ON SCHEDULE K CORRESPONDS TO THE FORM 8038 FILED. BOND D - NEW JERSEY EDUCATIONAL FACILITIES AUTHORITY, HIGHER EDUCATION CAPITAL IMPROVEMENT FUND, SERIES 2014 D: PART II, LINE 3: BOND 2014D IS A POOLED FINANCING BOND. THE PORTION REPORTED ON SCHEDULE K PART II IS REFLECTIVE OF ONLY GEORGIAN COURT UNIVERSITY'S PORTION. PART IV, LINE 2C: THE LAST COMPUTATION WAS DONE 07/06/2015. ERIN QUINN CRITCHETT BONCZEK SEE PART V 50204 EMPLOYEE COMPENSATION false FORM 990, PART VI ERIN QUINN CRITCHETT BONCZEK IS EMPLOYED BY THE UNIVERSITY AND FAMILY MEMBERS OF EVELYN SAUL QUINN, VP FOR MISSION INTERGRATION FORM 990, PART I, LINE 1 Georgian Court offers a comprehensive liberal arts education in the Roman Catholic tradition, with a special concern for women, and is committed to its core values of justice, respect, integrity, service, and compassion. FORM 990, PART III, 4A INSTRUCTIONAL DEGREE PROGRAM IN 2015-2016, GEORGIAN COURT UNIVERSITY ENROLLED MORE THAN 2,100 STUDENTS IN MORE THAN 31 UNDERGRADUATE AND 10 DISTINCTIVE GRADUATE PROGRAMS THROUGH THE SCHOOL OF BUSINESS AND DIGITAL COMMUNICATION, THE SCHOOL OF EDUCATION, AND THE SCHOOL OF ARTS AND SCIENCES. ONE OF THE UNIVERSITYS FASTEST-GROWING AND MOST COMPETITIVE DEGREE PROGRAMS, THE BACHELOR OF SCIENCE IN NURSING (BSN), IS TAUGHT IN THE GCU-MERIDIAN HEALTH SCHOOL OF NURSING. THE UNIVERSITY OFFERS ONLINE DEGREES AND SPECIALTY CERTIFICATES IN SUCH FIELDS AS HOLISTIC HEALTH, HOMELAND SECURITY, AND EDUCATION. GEORGIAN COURT, LOCATED IN HISTORIC LAKEWOOD, NEW JERSEY, IS THE ONLY CATHOLIC INSTITUTION OF HIGHER EDUCATION SERVING RESIDENTS THROUGHOUT CENTRAL AND SOUTHERN NEW JERSEY. THE UNIVERSITY HAS HISTORIC ROOTS AS A WOMEN'S COLLEGE, AND SERVED MEN IN EVENING AND GRADUATE COURSES, USUALLY PART-TIME, UNTIL SEPTEMBER 2012. GCU BECAME FULLY COEDUCATIONAL IN SEPTEMBER 2013. BY THE 2015-16 ACADEMIC YEAR, GCUS UNDERGRADUATE POPULATION WAS 74% FEMALE AND 26% MALE WITH MEN PARTICIPATING IN SPORTS, STUDENT GOVERNMENT, CAMPUS MINISTRY, CAMPUS LEADERSHIP, AND RESIDENCE LIFE. GCU PROVIDES ALL STUDENTS WITH A VALUES-BASED LIBERAL ARTS EDUCATION THAT (1) ENHANCES THEIR MARKETABILITY ACROSS VARIOUS DISCIPLINES; (2) EMPHASIZES PURPOSEFUL LEADERSHIP; AND (3) PREPARES THEM TO CONTRIBUTE TO THE GREATER GOOD LOCALLY, NATIONALLY, AND THROUGHOUT THE WORLD. GEORGIAN COURT UNIVERSITY EXCELS AT DELIVERING A CURRICULUM THAT IS DESIGNED TO ENGAGE STUDENTS AND ALLOW FOR PERSONAL AND PROFESSIONAL EXPLORATION IN THEIR COURSEWORK. FOR EXAMPLE, GCU'S 12:1 STUDENT-FACULTY RATIO ALLOWS STUDENTS TO LEARN IN SMALL CLASSES THAT INCLUDE VALUABLE RESEARCH OPPORTUNITIES BETWEEN PROFESSORS AND STUDENTS. DURING THE 2015-16 ACADEMIC YEAR, 30% OF SENIORS REPORTED DOING RESEARCH WITH FACULTY MEMBERS, PUTTING GCU ON PAR WITH OTHER MID-EAST PRIVATE UNIVERSITIES. SIMILARLY, 51% OF GCU SENIORS SAID MOST OR ALL OF THEIR COURSES INCLUDED A COMMUNITY-BASED OR SERVICE-LEARNING ELEMENT. TWO-THIRDS OF THEM ALSO REPORTED COMPLETING INTERNSHIPS AND 40% PARTICIPATED IN LEARNING COMMUNITIES WHERE STUDENTS TAKE TWO OR MORE CLASSES TOGETHER. SMALL CLASS SIZES WITH APPROACHABLE FACULTY ARE ESPECIALLY HELPFUL AT GCU WHERE ADULT LEARNERS (AGES 23 OR OLDER) COMPRISE ABOUT 25% OF THE STUDENT POPULATION. SOME OF THOSE ADULT LEARNERS ARE VETERANS, AND GCU WAS NAMED A 2016 MILITARY-FRIENDLY SCHOOL BY VICTORY MEDIA. OTHER ACCOLADES IN 2015-16 INCLUDE BEING #25 AMONG MONEY MAGAZINES TOP 50 COLLEGES THAT ADD THE MOST VALUE; BEING #21 ON WASHINGTON MONTHLYS BEST BANG FOR THE BUCK LIST OF COLLEGES, PUTTING GCU IN THE TOP 5% OF 400+ NORTHEASTERN UNIVERSITIES; AND BEING RANKED BY THE ECONOMIST IN THE TOP 10% OF ALL FOUR-YEAR COLLEGES AND UNIVERSITIES. THESE ACHIEVEMENTS POINT TO GCU AS A VALUE-ADDED INSTITUTION, AND ITS MISSION, MIX OF DIVERSE STUDENTS, AND COMMITMENT TO STUDENT SUPPORT WERE CITED AS GCU BECAME A 2016 COLLEGE OF DISTINCTION AND A CATHOLIC COLLEGE OF DISTINCTION. OTHER THIRD-PARTY ORGANIZATIONS, INCLUDING THE FEDERAL COLLEGE SCORECARD, GAVE GCU POSITIVE MARKS IN 2015-16. IT REPORTED GEORGIAN COURTS SIX-YEAR GRADUATION RATE OF 50% AS SLIGHTLY HIGHER THAN NATIONAL NORMS (42%) AND GCU ALUMNI MEDIAN EARNINGS AT ($33,400). IN ADDITION, 87% OF FORMER STUDENTS WERE PAYING DOWN THEIR STUDENT DEBT, A FIGURE CONSIDERABLY HIGHER THAN THE NATIONAL AVERAGE (68%). DURING 2015-16, GCUS OFFICE OF CAREER SERVICES REPORTED THAT 90 PERCENT OF THE CLASS OF 2015 WAS EMPLOYED OR ENROLLED IN GRADUATE SCHOOL WITHIN SIX MONTHS OF GRADUATION. AMONG THEIR EMPLOYERS WERE MERCK, TD BANK, NJ DEVILS, JOHNSON & JOHNSON, MERIDIAN HEALTH, BRISTOL MEYERS-SQUIBB, AND WELLS FARGO. THIS LEVEL OF ACADEMIC ACHIEVEMENT AND ENGAGEMENT IS EVIDENCED BY THE ABILITY TO ATTRACT ACADEMICALLY TALENTED STUDENTS TO GCU. FOR EXAMPLE, IN FALL 2015, THE AVERAGE INCOMING FRESHMAN HAD A 3.25 GPA, UP FROM 3.21 IN FALL 2014. DURING 2015-16, GCU SECURED A FIVE-YEAR; $1.4 MILLION GRANT FROM THE U.S. DEPARTMENT OF EDUCATION: TRIO-SSS. THE PROGRAM OFFERS ACADEMIC TUTORING, PERSONAL COUNSELING, MENTORING, FINANCIAL GUIDANCE, AND OTHER SERVICES, TO HELP TRIO PARTICIPANTS ACHIEVE COLLEGE SUCCESS AND ATTAIN A COLLEGE DEGREE. THE UNIVERSITY CONTINUED CHART THE COURSE, AN INTENSIVE RETENTION EFFORT FOR ALL FIRST-YEAR STUDENTS WHO RISK NOT COMPLETING 30 CREDITS BY THE END OF THEIR FRESHMAN YEAR. (CHART THE COURSE, PROVIDES QUALIFIED STUDENTS THE OPPORTUNITY TO COMPLETE A COURSE OVER THE WINTER INTERSESSION AND/OR SUMMER SESSION WITH A TUITION WAIVER) IN 2015-16, ABOUT 86% OF CHART THE COURSE STUDENTS RETAINED; CONVERSELY, THERE WAS A 48% RETENTION RATE FOR STUDENTS WHO WERE ELIGIBLE FOR THE PROGRAM AND DECLINED TO PARTICIPATE. THE EFFORT IS ONE OF SEVERAL CONSIDERED PART OF GCUS COMPLETION AGENDA. FACULTY-STUDENT MENTORING, AN INTENSE FOCUS ON FACULTY ADVISING, MANDATORY STUDY SESSIONS FOR STUDENT ATHLETES, AND TWO NEW SERVICES A UNIVERSITY WRITING CENTER AND A SELF-PACED REMEDIAL MATH LAB CONTRIBUTED TO GCUS SUCCESS IN 2015-16. IN ADDITION, FOUR STAFF MEMBERS IN ACADEMIC DEPARTMENTS AND STUDENT AFFAIRS TEAMED TO FOCUS ON THE NEEDS OF STUDENTS WHO HAD THE GREATEST RISK OF FAILING. SERVICE, ONE OF GCUS MERCY CORE VALUES, IS EMBEDDED IN THESE AND OTHER EXPERIENCES, AS EVIDENCED BY THE RECOGNITION OF GCU BY THE PRESIDENTS COMMUNITY SERVICE HONOR ROLL AND BY THE NEW JERSEY CHAMBER OF COMMERCES COMPANIES THAT CARE OBSERVANCE. THE OFFICE OF MISSION INTEGRATION, WHICH TRACKS THE VOLUNTEER SERVICE HOURS OF STAFF, FACULTY AND STUDENTS, EXPANDED ITS WORK WITH THE MERCY COLLEGIATE SOCIETY, VOCATIONAL AND SPIRITUAL RETREATS, AND GCUS ANNUAL CRITICAL CONCERNS WEEK, WHICH DREW 1,028 PARTICIPANTS TO SOCIAL JUSTICE PROGRAMS IN 2015-16. THE OFFICE SENT STUDENTS TO GUYANA, USING A NETVUE CHAPLAINCY GRANT. WHILE IN GUYANA, GCU STUDENTS WORKED CLOSELY WITH CHILDREN AND LOCAL RESIDENTS AT ST. JOHN BOSCOS BOYS ORPHANAGE; MERCY WINGS VOCATIONAL SCHOOL; MERCY HOSPITAL AND NURSING SCHOOL; SISTERS OF CHARITY SOUP KITCHEN, DAY CARE, AND HOME FOR THE ELDERLY; AND THE DAVID ROSE SPECIAL SCHOOL FOR CHILDREN WHO ARE DEAF AND HAVE OTHER DISABILITIES. ADDITIONAL PARTNERSHIPS AND PROGRAMS EXTEND THE REACH AND MISSION OF GEORGIAN COURT UNIVERSITY. EXAMPLES INCLUDE GCUS EXPANDED GUARANTEED ADMISSIONS WORK WITH BROOKDALE COMMUNITY COLLEGE, WHICH AWARDS GENEROUS SCHOLARSHIPS TO HIGH-ACHIEVING STUDENTS WHO ENROLL AFTER COMPLETING THEIR ASSOCIATE DEGREE, AND GCUS NEW DIACONATE PROGRAM WITH THE DIOCESE OF TRENTON. THE UNIVERSITYS NEW CATHOLIC SCHOOLS INITIATIVE ALSO LAUNCHED, TARGETING CATHOLIC HIGH SCHOOLS THROUGHOUT THE TRENTON, METUCHEN AND CAMDEN DIOCESES. GCU WAS AN EARLY PARTNER WITH CHOOSENJ, A GRASSROOTS AND BUSINESS COMMUNITY COLLABORATIVE TO ENCOURAGE ECONOMIC DEVELOPMENT IN NEW JERSEY. GCUS OFFICE OF GLOBAL EDUCATION GREW THROUGH COLLABORATIONS AS WELL. FOR EXAMPLE, GCU STUDENTS IN AN ELECTRONIC COMMERCE COURSE WORKED ONLINE WITH ENTREPRENEURSHIP STUDENTS AT ROYAL THIMPHU COLLEGE IN THE HIMALAYAS. IN ADDITION, GCU STUDENTS PARTICIPATED IN A VARIETY OF INTERNATIONAL EXPERIENCES IN PUERTO RICO, ENGLAND, COLOMBIA, SPAIN, ITALY AND CHINA. STUDENTS ALSO CONDUCTED SERVICE ABROAD IN MEXICO AND THAILAND. STUDENT NEED AT GCU IN 2015-16, ABOUT 95% OF FULL-TIME FIRST-YEAR STUDENTS RECEIVED FINANCIAL AID, WITH AN AVERAGE PACKAGE OF $28,828. ABOUT 46% OF ALL FULL-TIME FRESHMEN RECEIVED PELL GRANTS (FEDERAL AID FOR LOWER-INCOME FAMILIES), AND IDENTIFIED THEMSELVES AS FIRST-GENERATION COLLEGE STUDENTS. OVERALL, 692 STUDENTS WERE AWARDED ABOUT $2.8 MILLION IN PELL GRANT FUNDING. IN ADDITION, THE GENEROSITY OF INDIVIDUALS AND FOUNDATION DONORS, COMBINED WITH GCUS CONSERVATIVE APPROACH TO STEWARDSHIP, ALLOWED THE UNIVERSITY TO PROVIDE MORE THAN $16.7 MILLION IN AID TO STUDENTS. FORM 990, PART III, 4C STUDENT ATHLETES & PROGRAMS AS A MEMBER OF THE CENTRAL ATHLETIC COLLEGIATE CONFERENCE, GCU HAD 223 ATHLETES PARTICIPATING IN NCAA DIVISION II SPORTS, INCLUDING BASKETBALL, CROSS COUNTRY, WOMENS LACROSSE, SOCCER, SOFTBALL, VOLLEYBALL, TENNIS, AND BOTH INDOOR AND OUTDOOR TRACK & FIELD. THE 2015-16 ACADEMIC YEAR ALSO MARKED THE INAUGURAL SEASON OF MENS LACROSSE. THE GCU ATHLETICS PROGRAM IS DISTINGUISHED BY ITS COMMITMENT TO BUILDING WELL-ROUNDED STUDENT-ATHLETES WHO ACHIEVE ON THE FIELD AND IN THE CLASSROOM. FOR EXAMPLE, IN JULY 2015, 20 MEMBERS OF THE GCU TRACK AND FIELD TEAMS WERE RECOGNIZED BY THE EAST COAST CONFERENCE COMMISSIONERS HONOR ROLL, AND IN SEPTEMBER, 24 GCU LIONS RECEIVED THE D-II ATHLETICS DIRECTORS ASSOCIATION ACADEMIC ACHIEVEMENT AWARD. IN KEEPING WITH THEIR PEERS NATIONALLY, GCU STUDENT-ATHLETES ARE LEADERS IN THE CLASSROOM AND IN THE COMMUNITY INVOLVEMENT. DURING TEAM IMPACT OBSERVANCES, MEMBERS OF THE GCU BASKETBALL TEAMS SIGNED A LOCAL YOUNGSTER WHO IS ALSO A CANCER PATIENT. THEY HOSTED NATIONAL GIRLS AND WOMEN IN SPORTS DAY, AND WORKED WITH THE CAMPUS-AT-LARGE TO SUPPORT UNIFIED SPORTS, AN OUTGROWTH OF SPECIAL OLYMPICS. IN MAY 2016, THE GCU LIONS ECLIPSED THEIR GOAL OF ACHIEVING 10,000 COMMUNITY SERVICE HOURS. FORM 990, PART VI, SECTION A, LINE 7 IN APRIL 2006, THE SISTERS OF MERCY OF THE REGIONAL COMMUNITY OF NEW JERSEY TRANSFERRED THE SPONSORSHIP OF GEORGIAN COURT TO THE CONFERENCE FOR MERCY HIGHER EDUCATION (CMHE). CMHE COORDINATES COLLABORATION AMONG THE 16 MERCY COLLEGES AND UNIVERSITIES THROUGHOUT THE COUNTRY ON BEHALF OF THE INSTITUTE OF THE SISTERS OF MERCY OF THE AMERICAS. GEORGIAN COURT UNIVERSITY HAS A TWO-TIERED GOVERNANCE STRUCTURE, THE FIRST TIER CONSISTING OF CMHE (AS THE UNIVERSITY'S SOLE MEMBER) AND THE SECOND BEING THE DULY ELECTED BOARD OF TRUSTEES, WHICH INCLUDES THE PRESIDENT OF THE UNIVERSITY AS AN EX-OFFICIO MEMBER. CONTROL OF THE UNIVERSITY AND ITS AFFAIRS AND PROPERTY IS VESTED IN THE BOARD OF TRUSTEES PURSUANT TO THE UNIVERSITY'S BY-LAWS, SUBJECT TO THE POWERS RESERVED TO CMHE, INCLUDING AMONG OTHERS, THE POWER TO ESTABLISH THE PHILOSOPHY AND MISSION OF THE UNIVERSITY, ELECT OR REMOVE WITH OR WITHOUT CAUSE THE UNIVERSITY PRESIDENT AND MEMBERS OF THE BOARD OF TRUSTEES, APPROVE EXPENDITURES THAT ARE IN EXCESS OF A LEVEL REQUIRING APPROVAL OF THE HOLY SEE AND MERGE, CONSOLIDATE, DISSOLVE, OR CHANGE THE CORPORATE STRUCTURE OF THE UNIVERSITY. EXCEPT TO THE EXTENT RESERVED TO CMHE, THE BOARD OF TRUSTEES IS EMPOWERED TO MANAGE THE PROPERTY AND BUSINESS OF THE UNIVERSITY, INCLUDING WITHIN SUCH AUTHORITY, THE POWER TO DELEGATE SUCH RESPONSIBILITIES AND DUTIES TO THE OFFICERS OF GEORGIAN COURT UNIVERSITY AS THE BOARD OF TRUSTEES DEEMS APPROPRIATE. FORM 990, PART VI, SECTION B, LINE 11B THE UNIVERSITY'S FORM 990 WAS PREPARED BY AN INDEPENDENT PUBLIC ACCOUNTING FIRM IN CONJUNCTION WITH THE UNIVERSITY'S FINANCE DEPARTMENT. A DRAFT IS PREPARED AND DISTRIBUTED TO THE FULL AUDIT COMMITTEE FOR REVIEW. THE AUDIT COMMITTEE RECOMMENDS AND APPROVES FOR FILING THE FORM 990. THE FORM 990, AS ULTIMATELY FILED WITH THE IRS, IS DISTRIBUTED TO THE FULL BOARD IN ADVANCE OF ITS FILING. FORM 990, PART VI, SECTION B, LINE 12 EACH TRUSTEE, OFFICER, AND KEY EMPLOYEE OF THE UNIVERSITY IS REQUIRED TO ANNUALLY DISCLOSE ANY CONFLICTS OF INTEREST THAT ARISE BY VIRTUE OF THEIR EMPLOYMENT, BOARD SERVICE, FAMILY OR BUSINESS RELATIONSHIPS, OR POSITION WITH THE UNIVERSITY. THE UNIVERSITY MONITORS COMPLIANCE WITH ITS CONFLICT OF INTEREST POLICY THROUGH A CONFLICT OF INTEREST STATEMENT THAT IS COMPLETED BY EACH BOARD MEMBER AT THE ANNUAL JUNE MEETING. THESE ARE REVIEWED BY THE EXECUTIVE COMMITTEE OF THE BOARD. IN ADDITION TO THE BOARD MEMBERS, THE EXECUTIVE LEVEL, ALL FINANCE STAFF, AS WELL AS ANYONE IN POSITIONS IDENTIFIED BY FUNCTION TO HAVE POSSIBLE INFLUENCE WITH CONTRACT OR FINANCIAL TRANSACTIONS OR SYSTEMS WITHIN THE UNIVERSITY, COMPLETE THE QUESTIONNAIRE ANNUALLY. THESE ARE REVIEWED BY THE CHIEF FINANCIAL OFFICER AND DIRECTOR OF HUMAN RESOURCES. ANY DISCLOSED RELATIONSHIPS ARE COMMUNICATED TO THE CONTROLLER FOR THE PURPOSE OF AUDIT, INTERNAL CONTROLS AND COMPLETING THE FORM 990. POTENTIAL CONFLICTS ARE INVESTIGATED IMMEDIATELY. FORM 990, PART VI, SECTION B, LINE 15 THE UNIVERSITY UNDERTAKES A THOROUGH PROCESS TO ENSURE THAT THE EXECUTIVE COMPENSATION IT PAYS TO ITS TOP MANAGEMENT OFFICIAL AND ALL OF ITS OFFICERS AND KEY EMPLOYEES OF ORGANIZATION IS REASONABLE GIVEN THE MARKET IN WHICH THE UNIVERSITY OPERATES. CEO COMPENSATION: THE EXECUTIVE COMMITTEE OF THE BOARD, REVIEWS THE COMPENSATION PACKAGE OF THE PRESIDENT ANNUALLY AT ITS JUNE MEETING. COMPENSATION LEVEL IS DECIDED UPON UTILIZING COMPARATIVE DATA RECEIVED FROM THE HUMAN RESOURCE DEPARTMENT. OFFICER POSITIONS ARE ASSIGNED A SALARY RANGE ESTABLISHED BY A COMPENSATION STUDY DONE BY AN OUTSIDE FIRM AND THE EXECUTIVE COMMITTEE OF THE BOARD ALSO REVIEWS THE COMPENSATION FOR THESE EMPLOYEES WHO ARE CONSIDERED HIGHEST-PAID EMPLOYEES. THE OFFICERS RESIDE ON THE PRESIDENT'S ADMINISTRATIVE TEAM, CATEGORIZED AS THE EXECUTIVE LEVEL OF THE UNIVERSITY. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FINANCIAL STATEMENTS ARE LISTED WITH BOND REPORTING AGENCIES. FORM 990, PART VII FORMER PRESIDENT, SISTER ROSEMARY JEFFRIES IS REPRESENTED AS HAVING RECEIVED NO COMPENSATION FROM THE UNIVERSITY BECAUSE THE ORDER SHE REPRESENTS RECEIVES ALL COMPENSATION SHE WOULD OTHERWISE BE PAID. THE SISTERS OF MERCY FULFILL VARIOUS ROLES WITHIN THE UNIVERSITY. SOME POSITIONS, WHICH WOULD OTHERWISE BE FILLED WITH LAY PERSONS, ARE ASSIGNED A VALUE FOR COMPENSATION AND PAYMENTS FOR THESE SERVICES ARE MADE TO THE SISTERS OF MERCY. THE PAYMENTS MADE FOR THE CALENDAR YEAR 2015 TOTALED $469,901 AND THE COMPENSATION FOR THIS POSITION IS INCLUDED IN THIS FIGURE. THIS COMPENSATION IS NOT TREATED AS TAXABLE INCOME TO THE SISTERS SINCE THEY ARE MEMBERS OF A RELIGIOUS ORDER. THEREFORE, SISTER ROSEMARY JEFFRIES IS STILL DEEMED TO BE A FORMER OFFICER. FORM 990, PART XI, LINE 9 Split interest agreements/life ins surrender value 21,162 Conference for Mercy Higher Education 8630 Fenton Street 934 Silver Spring MD 20190 431973007 Sponsorship MD 501(c)(3) 1 NA false Paul Delaurentis Perpetual Scholarship 400 Locust Street Lakewood NJ 08701 237814490 Trust NJ NA Trust 11500 239839 1.00000 true Peter Delaurentis Perpetual Scholarship 400 Locust Street Lakewood NJ 08701 226640205 Trust NJ NA Trust 14000 396926 1.00000 true false true false false false false false false false false false true false false false true false true