2017-05-11T14:06:38-05:00 2016-06-30 221478099 COHNREZNICK LLP 350 CHURCH STREET 12TH FLOOR HARTFORD CT 06103 990 2015-07-01 060776644 SACRED HEART UNIVERSITY INCORPORATED SACR 2033717872 5151 PARK AVENUE FAIRFIELD CT 06825 MICHAEL J KINNEY SR VP FOR FINANCE & ADMIN. 2033717872 2017-05-08 1 JOHN TOSCANO P00358542 9592007000 2015 2021-01-29 14:40:06Z JOHN PETILLO 5151 PARK AVENUE FAIRFIELD CT 06825 347084037 0 X WWW.SACREDHEART.EDU X 1963 CT THE UNIVERSITY IS A CO-EDUCATIONAL INSTITUTION OF HIGHER LEARNING OFFERING UNDERGRADUATE AND GRADUATE DEGREES, AS WELL AS CONTINUING EDUCATION IN A VARIETY OF DISCIPLINES, WITH A COMMITMENT TO LEADERSHIP IN CATHOLIC HIGHER EDUCATION. 26 25 3813 150 1593030 -1226285 17266169 16275744 245354297 269266111 4614407 1609562 -136940 -156857 267097933 286994560 58783959 65373037 0 0 88121386 94922231 25189 176980 2231759 84071946 88129233 231002480 248601481 36095453 38393079 465847024 513050390 183841354 195997176 282005670 317053214 X AT SACRED HEART UNIVERSITY, WE NOT ONLY PREPARE STUDENTS FOR THE FUTURE, BUT ALSO GIVE THEM A DEEPER APPRECIATION OF WHO THEY ARE AND ALL THEY CAN BE. THROUGH OUR DISTINCTIVE MISSION AND COMMITMENT TO LEADERSHIP IN CATHOLIC HIGHER EDUCATION, WE HELP STUDENTS HELP OTHERS AND, TOGETHER, WE MAKE A DIFFERENCE IN THE WORLD. THE SHU MISSION: THE PURSUIT OF TRUTH AND KNOWLEDGE AS INTRINSICALLY VALUABLE; COMMITMENT TO EXCELLENCE IN ALL THAT WE DO; RESPONSIBILITY FOR THE COMMON GOOD OF SOCIETY; RECOGNITION OF THE DIGNITY AND WORTH OF EVERY HUMAN BEING; PRESERVATION, TRANSMISSION AND DEVELOPMENT OF THE LIBERAL ARTS AND CATHOLIC INTELLECTUAL TRADITIONS. OUR VISION IS TO SHAPE GRADUATES KNOWLEDGEABLE OF SELF, ROOTED IN FAITH, EDUCATED IN MIND, COMPASSIONATE IN HEART, RESPONSIVE TO SOCIAL AND CIVIC OBLIGATIONS AND ABLE TO RESPOND TO AN EVER-CHANGING WORLD. 0 0 79362981 175099 227687394 SACRED HEART CONTINUES TO OFFER A WIDE RANGE OF UNDERGRADUATE AND GRADUATE PROGRAMS. REGARDLESS OF WHAT UNDERGRADUATE PROGRAM OR GRADUATE STUDIES ARE CHOSEN, OUR FOCUS ON ACADEMIC OPPORTUNITIES - ROOTED IN THE CATHOLIC INTELLECTUAL TRADITIONS AND THE PRINCIPLES OF ENGAGED LEARNING - CREATES AN ABSORBING, CUSTOMIZED EDUCATIONAL EXPERIENCE FOR EACH STUDENT. 65187938 65187938 0 SACRED HEART UNIVERSITY'S STUDENT FINANCIAL ASSISTANCE OFFICE IS COMMITTED TO HELPING STUDENTS AND THEIR FAMILIES FIND THE MOST AFFORDABLE OPTIONS AVAILABLE FOR ATTENDING COLLEGE. FOR FULL-TIME UNDERGRADUATE STUDENTS, THERE ARE BASICALLY TWO TYPES OF FINANCIAL ASSISTANCE: FIRST, TRADITIONAL MERIT OR NEED-BASED AID; AND SECOND, A RANGE OF OTHER OPTIONS OPEN TO STUDENTS AND THEIR FAMILIES WHETHER THEY QUALIFY FOR TRADITIONAL AID OR NOT. SEVERAL FINANCIAL ASSISTANCE OPTIONS ARE ALSO AVAILABLE TO QUALIFIED PART-TIME UNDERGRADUATE STUDENTS AND GRADUATE STUDENTS. 39469644 2985489 SACRED HEART UNIVERSITY IS COMMITTED TO SERVING THE NEEDS OF ITS DIVERSE STUDENT POPULATION BY OFFERING AN ARRAY OF SERVICES DESIGNED TO ENSURE STUDENT SUCCESS. THESE SERVICES, PROVIDED THROUGH ACADEMIC ADVISING, STUDENT LIFE, CAREER SERVCIES, JANDRESEVITS LEARNING CENTER, THE OFFICE OF SPECIAL SERVICES, AND THE WELLNESS CENTER, AIM TO SERVE STUDENTS IN A MANNER THAT IS CONSISTENT WITH THE MISSION. THE UNIVERSITY ALSO PROMOTES ACTIVE ENGAGED LEARNING OUTSIDE OF THE CLASSROOM. OUR ATHLETICS PROGRAMS ARE ABOUT MORE THAN JUST COMPETITION AND WINNING, THEY ARE BUILT ON LONGSTANDING TRADITION OF HELPING OUR STUDENT-ATHLETES REALIZE THEIR POTENTIAL, STRENGTHEN THEIR CHARACTER, AND EMPOWER THEIR MINDS WHILE DEVELOPING SELF-CONFIDENCE AND VALUABLE LEADERSHIP SKILLS. 35612680 10000 36994262 OTHER GENERAL AND AUXILIARY SERVICES 35612680 10000 36994262 219633243 1 1 0 1 0 0 0 1 0 1 1 0 0 0 1 1 1 0 1 1 1 0 1 1 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 0 0 0 0 1 11121 0 1 3813 1 1 1 1 EI LU 0 0 0 1 1 0 0 0 0 X 26 25 0 0 0 0 0 0 0 1 1 0 1 1 0 1 1 1 1 1 1 1 0 X MICHAEL J KINNEY 2033717872 5151 PARK AVENUE FAIRFIELD CT 06825 ROSANNE BADOWSKI TRUSTEE 1.00 X 0 0 0 NORBERT BECKER TRUSTEE 1.00 X 0 0 0 MARY-ANN BUNTING TRUSTEE 1.00 X 0 0 0 PATRICK J CAROLAN MD TRUSTEE 1.00 X 0 0 0 CHARLES V FIRLOTTE TRUSTEE 1.00 X 0 0 0 DOUGLAS L KENNEDY TRUSTEE 1.00 X 0 0 0 REV ROBERT M KINNALLY TRUSTEE 1.00 X 0 0 0 GARY J LEVIN SECRETARY 1.00 X X 0 0 0 VINCENT MAFFEO TRUSTEE 1.00 X 0 0 0 PATRICK G MAGGITTI PHD TRUSTEE 1.00 X 0 0 0 DOUGLAS J MANONI TRUSTEE 1.00 X 0 0 0 MURRAY D MARTIN TRUSTEE 1.00 X 0 0 0 FRANK R MARTIRE TRUSTEE 1.00 X 0 0 0 DANIEL J MCCARTHY TREASURER 1.00 X X 0 0 0 CHRISTOPHER K MCLEOD TRUSTEE 1.00 X 0 0 0 LINDA E MCMAHON VICE CHAIRMAN 1.00 X X 0 0 0 MSGR ROBERT S MEYER TRUSTEE 1.00 X 0 0 0 WILLIAM E MITCHELL TRUSTEE 1.00 X 0 0 0 JAMES T MORLEY JR CHAIRMAN OF THE BOARD 1.00 X X 0 0 0 JOHN J PETILLO PRESIDENT 35.00 X X 684765 0 107816 TERESA M RESSEL TRUSTEE 1.00 X 0 0 0 THOMAS L RICH TRUSTEE 1.00 X 0 0 0 RICHARD M SCHAEFFER TRUSTEE 1.00 X 0 0 0 LOIS SCHINE TRUSTEE 1.00 X 0 0 0 KENNETH S SIEGEL TRUSTEE 1.00 X 0 0 0 PABLO STALMAN TRUSTEE 1.00 X 0 0 0 MICHAEL J KINNEY SR. VICE PRESIDENT 35.00 X 356300 0 37646 MICHAEL LAROBINA ESQ GENERAL COUNSEL 35.00 X 218358 0 15910 LAURA NIESEN DE ABRUNA PROVOST AND VICE PRESIDENT 35.00 X 308081 0 27952 JAMES BARQUINERO SR. VICE PRESIDENT 35.00 X 302226 0 34128 ROBERT M HARDY VICE PRESIDENT 35.00 X 210706 0 18562 RUPENDRA PALIWAL ACTING PROVOST 35.00 X 201602 0 18945 JOHN CHALYKOFF DEAN 35.00 X 320201 0 29102 ROBERT J VALENTINE EXECUTIVE DIRECTOR OF ATHLETICS 35.00 X 285332 0 18595 PATRICIA WALKER DEAN 35.00 X 238048 0 21482 WILLIAM REIDY VICE PRESIDENT 35.00 X 231793 0 25774 PHILIP MCCABE VICE PRESIDENT 35.00 X 225484 0 14545 THOMAS V FORGET FORMER VICE PRESIDENT/ASSOC. PROF. 35.00 X 132999 0 18274 3715895 0 388731 145 1 1 0 CHARTWELL'S HIGHER EDUCATION CO BANK O PO BOX 91337 CHICAGO IL 606931853 FOOD SERVICES 10947641 DELTAK EDU INC 1415 WEST 22ND STREET OAK BROOK IL 60523 ONLINE EDUCATION SERVICES 4625245 S-L-A-M COLLABORATIVE INC 80 GLASTONBURY BOULEVARD GLASTONBURY CT 06033 ARCHITECTURAL SERVICES 2631750 SOUTHEAST SERVICE CORPORATION 1845 MIDPARK ROAD SUITE 201 KNOXVILLE TN 37921 JANITORIAL SERVICES 2019638 DATTCO INC 583 SOUTH STREET NEW BRITAIN CT 06051 TRANSPORTATION SERVICES 1841528 114 1212097 2372626 12691021 158455 16275744 TUITION AND FEES 611310 227687394 227687394 AUXILIARY ACTIVITIES 611310 36432232 36099662 332570 OTHER INCOME 900099 3352030 2090412 1261618 PITT CENTER & ATHLETIC 611310 1794455 1789677 4778 269266111 3293957 -5936 3299893 49590 146771 -97181 -97181 -97181 57703922 204142 59592459 0 -1888537 204142 -1684395 -1684395 290571 1212097 350247 -59676 -59676 286994560 267667145 1593030 1458641 185099 185099 65174657 65174657 13281 13281 2583017 677103 1905914 152147 152147 71080043 62038976 7601162 1439905 3890778 3355352 449470 85956 12116982 10513801 1402848 200333 5099264 4287788 703626 107850 1023987 24135 999852 250221 250221 10000 10000 176980 176980 317820 317820 19005233 17217105 1776950 11178 1244168 595003 645208 3957 4099312 3447116 586386 65810 466500 380553 81920 4027 14783942 13631197 1127919 24826 6246356 5738190 441143 67023 505090 443023 58098 3969 4446227 3156221 1290006 12602656 11396174 1206482 2526750 310568 2216182 CONTRACT SERVICES 11879280 9923601 1950750 4929 PURCHASING 4118332 3228187 886089 4056 DUES AND SUBSCRIPTIONS 1486690 1141640 313665 31385 REPAIRS AND MAINTENANCE 1225767 1170909 54858 1890902 1431417 459910 -425 248601481 219633243 26736479 2231759 38248812 18946701 9029550 17836253 1103260 906599 4729790 473095674 158673760 261066458 314421914 141097236 122797919 18691131 15301708 14720083 465847024 513050390 24970245 34821133 27193276 33836116 101197611 97530029 30132992 29469482 347230 340416 183841354 195997176 X 249013047 278882505 18399844 23466740 14592779 14703969 282005670 317053214 465847024 513050390 X 38393079 -3343001 -2534 X X 0 1 X 1 1 1 X 12935689 12436911 12206606 17266169 16275744 71121119 12935689 12436911 12206606 17266169 16275744 71121119 1873804 69247315 2021416 2337994 2151436 2569039 3349483 12429368 324688 587458 1051617 903719 1593030 4460512 141070 152704 173170 217116 290571 974631 88985630 1094510733 0.77820 0.85480 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: FUNDRAISING PROCEEDS - 2011 AMOUNT: $ 141,070. 2012 AMOUNT: $ 152,704. 2013 AMOUNT: $ 173,170. 2014 AMOUNT: $ 217,116. 2015 AMOUNT: $ 290,571. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 10000 10000 0 PART II-B, LINE 1: SACRED HEART UNIVERSITY PAID A CONSULTANT TO PERFORM LOBBYING ACTIVITIES. IN ADDITION, SACRED HEART UNIVERSITY MAY INDIRECTLY INCUR LOBBYING EXPENSE THROUGH DUES PAID TO OTHER ORGANIZATIONS. 600 983648 X 0 142460560 6511401 -2724346 147677 4264566 141835372 137284423 6534864 4466971 5383231 442467 142460560 124279645 5451524 20566584 12151766 861564 137284423 112727911 1784436 15742517 5122312 852907 124279645 108336892 5514054 54371 521859 655547 112727911 0.83860 0.10370 0.05770 0 0 25174193 25174193 225380967 63463731 161917236 76788523 32231992 44556531 54874525 43907766 10966759 90877466 19070271 71807195 314421914 GOVERNMENT GRANTS REFUNDABLE - STUDENT LOANS 340416 340416 X 218520643 -3343001 55457 -65365571 -68653115 287173758 317820 -497018 -179198 286994560 183473099 55457 497018 552475 182920624 317820 65363037 65680857 248601481 PART III, LINE 4: WORKS OF ART ARE CONTRIBUTED TO THE UNIVERSITY FROM VARIOUS DONORS OR PURCHASED FOR PUBLIC EXHIBITION. THE SCHOOL DISPLAYS THEM IN VARIOUS LOCATIONS ACROSS THE UNIVERSITY FOR PUBLIC VIEWING. PART V, LINE 4: THE UNIVERSITY USES THE FUNDS FOR STUDENT SCHOLARSHIPS, TO PROVIDE EDUCATIONAL AND SUPPORT SERVICES, AND TO MAINTAIN AND EXPAND THE UNIVERSITY CAPITAL INFRASTRUCTURE IN ORDER TO SUSTAIN THE UNIVERSITY'S FINANCIAL STABILITY. PART X, LINE 2: THE UNIVERSITY IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(A), AS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, AS AMENDED. ACCORDINGLY, IT IS NOT SUBJECT TO INCOME TAXES EXCEPT TO THE EXTENT IT HAS TAXABLE INCOME FROM ACTIVITIES THAT ARE NOT RELATED TO ITS EXEMPT PURPOSE. THE UNIVERSITY RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT OF BEING SUSTAINED. NO PROVISION FOR INCOME TAXES WAS REQUIRED FOR FISCAL 2016 OR 2015. PART XI, LINE 2D - OTHER ADJUSTMENTS: INSTITUTIONAL AID -65,187,938. TRANSFER OF ENDOWMENT -175,099. LOSS ON SPLIT-INTEREST AGREEMEN -2,534. PART XI, LINE 4B - OTHER ADJUSTMENTS: RENTAL EXPENSES -146,771. FUNDRAISING EXPENSES -350,247. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 146,771. FUNDRAISING EXPENSES 350,247. PART XII, LINE 4B - OTHER ADJUSTMENTS: INSTITUTIONAL AID 65,187,938. TRANSFER OF ENDOWMENT 175,099. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 SACRED HEART UNIVERSITY'S POLICY WHICH PROHIBITS DISCRIMINATION AGAINST PERSONS BECAUSE OF RACE, GENDER, SEXUAL ORIENTATION, PREGNANCY, COLOR, MARITAL STATUS, VETERAN STATUS, RELIGION, AGE, DISABILITY, HANDICAP, NATIONAL ORIGIN OR ANCESTRY IN ITS EMPLOYMENT POLICIES AND ITS EDUCATION AND ADMISSIONS PROGRAMS IS AVAILABLE ONLINE, IN ITS ACADEMIC CATALOG, AND WITHIN ITS STUDENT HANDBOOK. SCHEDULE E, PART I, LINE 6 SACRED HEART UNIVERSITY RECEIVES FUNDS FROM THE US DEPARTMENT OF EDUCATION. THE PROGRAM FUNDS THAT THE UNIVERSITY ADMINISTERS ARE FEDERAL PELL GRANT, FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANT (FSEOG) AND FEDERAL WORK-STUDY (FWS), WHICH ARE TITLE IV STUDENT AID PROGRAMS. THE UNIVERSITY ALSO RECEIVES FUNDS AND PROCESSES ACCORDING TO THE CRITERIA OF STATE GOVERNMENT AGENCIES. PRIMARY FUNDING IS FROM THE STATE OF CONNECTICUT OFFICE OF HIGHER EDUCATION. OTHER STATES THAT PROVIDE ASSISTANCE TO STATE RESIDENTS ATTENDING AN OUT OF STATE INSTITUTION ARE PROCESSED AS WE RECEIVE NOTIFICATION OF ENROLLED ELIGIBLE STUDENTS. 0 EUROPE (INCLUDING ICELAND & GREENLAND) 2 7 PROGRAM SERVICES EDUCATIONAL 2232708 CENTRAL AMERICA AND THE CARIBBEAN 0 0 PROGRAM SERVICES/MISSION RELATED TRIPS EDUCATIONAL 147742 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES EDUCATIONAL 160395 2 7 0 0 2 7 2540845 0 2540845 LUXEMBOURG SCHOLARSHIPS AND DISCOUNTS EUROPE (INCLUDING ICELAND & GREENLAND) 8 13281 DISCOUNT POSTED TO STUDENT ACCOUNT FMV 1 0 1 1 1 1 PART I, LINE 3: EXPENDITURES ARE ACCOUNTED FOR USING THE ACCRUAL BASIS OF ACCOUNTING. PART III, COL (C): IRELAND: SACRED HEART UNIVERSITY OFFERS STUDENTS THE OPPORTUNITY TO DELVE INTO IRISH CULTURE IN THE HEART OF THE IRISH-SPEAKING DINGLE GAELTACHT REGION. STUDENTS STUDY IN IRISH SURROUNDINGS AND LIVE THE IRISH EXPERIENCE THROUGH HANDS-ON SEMINARS LED BY ACCOMPLISHED SCHOLARS AND LOCAL EXPERTS. WHAT DEVELOPS IS A PROFOUND UNDERSTANDING OF CELTIC CULTURE, AS WELL AS A GREATER APPRECIATION OF DIVERSE SOCIETIES. LUXEMBOURG: THE JACK WELCH COLLEGE OF BUSINESS OFFERS AN MBA CURRICULUM THAT EMPHASIZES A GLOBAL BUSINESS EDUCATION. OUR LUXEMBOURG PROGRAMS FACILITATE A RICH LEARNING EXPERIENCE WITH A FACULTY MIX OF ACCOMPLISHED SCHOLARS AND EXPERIENCED BUSINESS EXECUTIVES FROM BOTH EUROPE AND THE US WHO TEACH IN AN APPLIED LEARNING ENVIRONMENT WITH REAL-WORLD BUSINESS CASE STUDIES AND PROJECTS. SACRED HEART UNIVERSITY OFFERS A VARIETY OF STUDY ABROAD OPPORTUNITIES AROUND THE WORLD FOR SACRED HEART AND VISITING STUDENTS - WITH PROGRAMMING THAT SUPPORTS A BROAD RANGE OF EDUCATIONAL, PROFESSIONAL, AND PERSONAL OBJECTIVES. THE UNIVERSITY OFFERS FACULTY-LED PROGRAMS IN VARIOUS COUNTRIES EACH YEAR. ON THESE PROGRAMS STUDENTS DEVELOP THE HABITS OF MIND, HEART, AND SPIRIT THAT WILL PREPARE THEM TO ENGAGE PURPOSEFULLY IN A GLOBAL WORLD. COURSES COMPLETED ON A SACRED HEART STUDY ABROAD PROGRAM MAY FULFILL GENERAL EDUCATION, ELECTIVE, OR MAJOR/MINOR CREDITS, ENABLING STUDENTS, REGARDLESS OF ACADEMIC PLAN, TO STUDY ABROAD AND GRADUATE ACCORDING TO THEIR INDIVIDUAL SCHEDULES. ADDITIONAL OPPORTUNITIES ARE ALSO AVAILABLE FOR CLINICAL CREDIT OR EXPERIENTIAL LEARNING. SACRED HEART UNIVERSITY SUPPORTS STUDY ABROAD PROGRAMMING BY IDENTIFYING, DEVELOPING, NURTURING, AND MAINTAINING A DIVERSE SET OF INTERNATIONAL PROGRAMS WITH A COMMITMENT TO QUALITY, SAFETY, AFFORDABILITY AND ACCESSIBILITY. X X X X X X X 1 COMNET MARKETING GROUP INC 1214 STOWE AVE SUITE 106 MEDFORD OR 97501 TELEMARKETING 0 0 26522 0 RESULTS GROUP INTERNATIONAL 1745 BROADWAY 17TH FLOOR NEW YORK NY 10019 CONSULTING - CAPITAL CAMPAIGN 0 0 48261 0 MCALLISTER & QUINN CO GAVIGAN & COMPANY PC 1368 N WASHINGTON AVE SCRANTON PA 18509 CONSULTING & GRANT WRITING 0 0 102197 0 176980 CT DISCOVERY DINNER 793627 717227 76400 44704 37500 49286 PIONEER CLUB OPEN 300267 214441 85826 50400 1404 37757 8 408774 280429 128345 9044 33501 59610 2954 24086 1502668 1212097 290571 9044 83901 105718 40454 111129 350246 -59675 1 CENTRAL CONNECTICUT STATE UNIVERSITY FOUNDATION PO BOX 612 NEW BRITAIN CT 06050 237354328 501(C)(3) 175099 TRANSFER OF ENDOWMENT TO SUPPORT POLISH STUDIES HABITAT FOR HUMANITY OF COASTAL FAIRFIELD COUNTY 1542 BARNUM AVENUE BRIDGEPORT CT 06610 222597077 501(C)(3) 10000 HOME FUND DONATION FEDERAL AID 429 744293 STATE AID 76 200050 RESIDENCE HALL ASSISTANT WAIVERS AND AWARDS 91 791632 OTHER SCHOLARSHIPS WHICH ARE NEEDS-BASED OR BASED ON ATHLETIC OR ACADEMIC TA 4301 63438682 PART I, LINE 2: THE THREE AREAS OF FINANCIAL ASSISTANCE TO STUDENTS ARE LOANS, GRANTS, AND EMPLOYMENT (WORK-STUDY). THESE ARE GENERALLY AWARDED ON THE BASIS OF FINANCIAL NEED, DETERMINED BY AN ANALYSIS OF FAMILY INCOME AND ASSETS. SCHOLARSHIPS ARE ANOTHER SOURCE OF FINANCIAL ASSISTANCE, AWARDED ON THE BASIS OF ACADEMIC ACHIEVEMENT, ATHLETICS OR PERFORMING ARTS, COMMUNITY SERVICE OR LEADERSHIP. CRITERIA FOR MERIT BASED AWARDS MAY ALSO INCLUDE A FINANCIAL NEEDS REQUIREMENT. THE UNIVERSITY MONITORS THE AMOUNT ISSUED BY CALCULATING A COST OF ATTENDANCE, ASSESSING AN ESTIMATED FAMILY CONTRIBUTION (EFC), AND DERIVING A LEVEL OF FINANCIAL NEED. ONCE THE AMOUNT OF AID HAS BEEN DETERMINED FOR THE INDIVIDUAL, IT IS DISPERSED TO THE STUDENT'S ACCOUNT AND IS CONTROLLED BY THE BURSAR'S OFFICE. SEVERAL REPORTS/SURVEYS ARE USED ANNUALLY TO MONITOR THE DISTRIBUTION OF GRANT ASSISTANCE; FOR EXAMPLE, FISAP REPORT TO USDE, A-133 AUDIT, FEDERAL IPEDS REPORT, STATE ANNUAL AUDIT, AND VARIOUS SURVEYS THAT TYPICALLY USE INFORMATION FROM THE COMMON DATA SET (CDS). X X X X 1 0 X X X X X 0 0 0 1 0 1 0 1 1 1 JOHN J PETILLO PRESIDENT 421229 0 243126 0 20410 0 27044 0 80772 0 792581 0 0 0 MICHAEL J KINNEY SR. VICE PRESIDENT 261091 0 87826 0 7383 0 28226 0 9420 0 393946 0 0 0 MICHAEL LAROBINA ESQ GENERAL COUNSEL 176325 0 37812 0 4221 0 14240 0 1670 0 234268 0 0 0 LAURA NIESEN DE ABRUNA PROVOST AND VICE PRESIDENT 255312 0 45642 0 7127 0 24363 0 3589 0 336033 0 0 0 JAMES BARQUINERO SR. VICE PRESIDENT 204913 0 64895 0 32418 0 22514 0 11614 0 336354 0 0 0 ROBERT M HARDY VICE PRESIDENT 163975 0 41049 0 5682 0 16562 0 2000 0 229268 0 0 0 RUPENDRA PALIWAL ACTING PROVOST 169314 0 0 0 32288 0 13945 0 5000 0 220547 0 0 0 JOHN CHALYKOFF DEAN 245029 0 73228 0 1944 0 20306 0 8796 0 349303 0 0 0 ROBERT J VALENTINE EXECUTIVE DIRECTOR OF ATHLETICS 232441 0 47053 0 5838 0 18595 0 0 0 303927 0 0 0 PATRICIA WALKER DEAN 170710 0 64552 0 2786 0 14236 0 7246 0 259530 0 0 0 WILLIAM REIDY VICE PRESIDENT 168746 0 60296 0 2751 0 13320 0 12454 0 257567 0 0 0 PHILIP MCCABE VICE PRESIDENT 180100 0 42918 0 2466 0 14418 0 127 0 240029 0 0 0 THOMAS V FORGET FORMER VICE PRESIDENT/ASSOC. PROF. 131334 0 0 0 1665 0 11082 0 7192 0 151273 0 0 0 PART I, LINE 1A THE UNIVERSITY FUNDS A PARTIAL SOCIAL CLUB MEMBERSHIP IN THE NAME OF AN OFFICER. THE MEMBERSHIP IS USED FOR UNIVERSITY EVENTS AND THE ENTERTAINMENT OF PROSPECTIVE DONORS AND CONTRIBUTORS. THE UNIVERSITY PROVIDES ON CAMPUS HOUSING TO ITS PRESIDENT FOR THE CONVENIENCE OF THE UNIVERSITY. THE ESTIMATED RENT IS INCLUDED AS NON-TAXABLE BENEFIT IN COLUMN (D). PART I, LINE 3 COMPENSATION FOR THE UNIVERSITY'S PRESIDENT/CEO IS DETERMINED THROUGH AN EXTENSIVE REVIEW OF THE JOB RESPONSIBILITIES AND EXPECTATIONS OUTLINED BY THE BOARD. THE COMPENSATION COMMITTEE THEN PERFORMS A REVIEW OF EXTERNAL MARKET AND INDUSTRY SURVEY AND STUDY DATA. CONSIDERATION OF ALL ADDITIONAL RESPONSIBILITIES ARE DETAILED OUT IN SPECIFIC LANGUAGE IN AN EMPLOYMENT CONTRACT APPROVED BY OUR LEGAL COUNSEL. FINAL SALARY RANGES ARE THEN DETERMINED BY THE COMPENSATION COMMITTEE. COMPENSATION IS DETERMINED BY THE EVALUATION OF THE JOB DESCRIPTION AGAINST EXTERNAL MARKET DATA AVAILABLE AS WELL AS THE REVIEW OF OUR INTERNAL EMPLOYEE DATA. CONSIDERATION OF ADDITIONAL RESPONSIBILITIES AND OTHER FACTORS MAY ALSO CONTRIBUTE IN DETERMINING COMPENSATION. THE DELIBERATION AND DECISION ARE CONTEMPORANEOUSLY DOCUMENTED. PART I, LINE 5 BONUSES ARE PAID TO SENIOR STAFF MEMBERS BASED IN PART ON ACHIEVING BUDGETED REVENUE GOALS. PART I, LINE 6 BONUSES ARE PAID TO SENIOR STAFF MEMBERS BASED IN PART ON ACHIEVING THE TRANSFER TO THE TRUSTEE RESERVES. SENIOR STAFF MEMBERS HAVE PERFORMANCE MEASURES FOR MANAGING THE UNIVERSITY TO MAINTAIN A BALANCED BUDGET. PART I, LINE 7 THERE ARE QUANTITATIVE MEASURES THAT ARE APPLIED IN DETERMINING BONUSES TO SENIOR STAFF MEMBERS. THE PRESIDENT AND THE BOARD HAVE DISCRETION TO ADJUST THE PAYMENTS FOR UNUSUAL CIRCUMSTANCES. IN ALL CASES, THESE PAYMENTS ARE REVIEWED WITH AND APPROVED BY THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES. PART I, LINE 8 THE FOLLOWING INDIVIDUALS LISTED ON FORM 990, PART VII RECEIVED COMPENSATION THAT WAS PAID PURSUANT TO AN INITIAL CONTRACT WITH THE UNIVERSITY: - LAURA NIESEN DE ABRUNA, PROVOST AND VICE PRESIDENT - MICHAEL LAROBINA, GENERAL COUNSEL PART I, LINE 9: COMPENSATION FOR THE UNIVERSITY'S OTHER OFFICERS AND KEY EMPLOYEES IS ORIGINALLY DETERMINED BASED ON EXTERNAL MARKET AND INDUSTRY SURVEY AS WELL AS THE REVIEW OF OUR INTERNAL EMPLOYEE DATA. ANY ADDITIONAL RESPONSIBILITIES ARE ALSO CONSIDERED. THE DATA IS REVIEWED BY A COMMITTEE AUTHORIZED BY THE BOARD OF TRUSTEES. DECISIONS AND AUTHORIZATIONS ARE DOCUMENTED AND PLACED ON FILE WITH THE VICE PRESIDENT OF HUMAN RESOURCES. A SACRED HEART UNIVERSITY - SERIES F 060776644 20774LD93 2003-12-11 21700000 RESIDENTIAL HOUSING 0 0 0 B SACRED HEART UNIVERSITY - SERIES G 060776644 20774U7W9 2011-06-29 44158819 CONSTRUCTION PROJECTS, REFINANCE OF DEBT (SEE PART VI) 0 0 0 C SACRED HEART UNIVERSITY - SERIES H 060776644 20774YFA0 2012-02-14 47740000 REFUNDING OF SERIES E BONDS ISSUED 12/1/98. (SEE PART VI) 0 0 0 A 4065000 21700000 433932 173254 21092814 2005 0 0 1 1 B 3840000 44158819 11873235 875145 28223370 5000 2013 1 0 1 1 C 8850000 51549213 51548514 699 2012 1 0 1 1 A 0 0 1 1 0 0.00350 0.00350 0 0 1 B 0 0 1 1 0 0.00040 0.00040 0 0 1 A 0 0 0 1 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 SCHEDULE K, PART I, LINE B (F) CONTINUED: REFUNDING AND DEFEASANCE OF EARLIER BOND ISSUE SERIES C (ISSUE DATE 4/24/1996). SCHEDULE K, PART I, LINE C (F) CONTINUED: SERIES H INCLUDED NO PROJECTS. ALL PROCEEDS WERE USED TO REFUND SERIES E ISSUE. SCHEDULE K, PART IV, ARBITRAGE, LINE 2C: (A) ISSUER NAME: SACRED HEART UNIVERSITY - SERIES F DATE THE REBATE COMPUTATION WAS PERFORMED: 02/11/2008 X 1 600 FMV X 1 950 FMV X 12 79446 FMV X 6 1709 FMV X EQUIPMENT 54 47010 FMV X OTHER SUNDRY 1049 19696 FMV X SPECIAL EVENT GIFTS 13 9044 FMV 0 0 0 1 PART I, COLUMN (B): NUMBER OF CONTRIBUTIONS REPRESENTS THE NUMBER OF ITEMS CONTRIBUTED. PART I, LINE 32B: THE UNIVERSITY MAINTAINS A BROKERAGE ACCOUNT WITH A FINANCIAL INSTITUTION FOR THE LIQUIDATION OF GIFTS OF MARKETABLE SECURITIES. FORM 990, PART VI, SECTION B, LINE 11 THE FOLLOWING IS THE SUCCESSION OF THE REVIEWS THAT OCCUR PRIOR TO FILING FORM 990. REVISIONS TO THE RETURN MAY BE MADE AT ANY POINT PRIOR TO FINAL FILING OF THE RETURN: THE RETURN IS PREPARED BY AN OUTSIDE PREPARER WITH THE ASSISTANCE OF THE ACCOUNTING STAFF. THE RETURN IS THEN INDEPENDENTLY REVIEWED BY THE CONTROLLER, THE VICE PRESIDENT FOR FINANCE, AND THE SENIOR VICE PRESIDENT FOR FINANCE AND ADMINISTRATION. COPIES OF THE RETURN ARE PROVIDED TO THE PRESIDENT, EACH MEMBER OF THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES AND THE CORPORATE SECRETARY FOR THEIR REVIEW AND COMMENT PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C EVERY YEAR, THE CONFLICT OF INTEREST POLICY IS REVIEWED. ALL KEY EMPLOYEES, TRUSTEES AND OFFICERS OF THE UNIVERSITY ARE REQUIRED TO REVIEW AND COMPLETE THE FORMS AS APPROPRIATE, SIGN, AND SUBMIT THE FORMS TO THEIR MANAGER OR BOARD SECRETARY FOR REVIEW AND SIGNATURE. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION FOR THE UNIVERSITY'S PRESIDENT/CEO IS DETERMINED THROUGH AN EXTENSIVE REVIEW OF THE JOB RESPONSIBILITIES AND EXPECTATIONS OUTLINED BY THE BOARD. THE COMPENSATION COMMITTEE THEN PERFORMS A REVIEW OF EXTERNAL MARKET AND INDUSTRY SURVEY AND STUDY DATA. CONSIDERATION OF ALL ADDITIONAL RESPONSIBILITIES ARE DETAILED OUT IN SPECIFIC LANGUAGE IN AN EMPLOYMENT CONTRACT APPROVED BY OUR LEGAL COUNSEL. FINAL SALARY RANGES ARE THEN DETERMINED BY THE COMPENSATION COMMITTEE. COMPENSATION FOR OTHER KEY EMPLOYEES IS DETERMINED BY THE EVALUATION OF THE JOB DESCRIPTION AGAINST EXTERNAL MARKET DATA AVAILABLE AS WELL AS THE REVIEW OF OUR INTERNAL EMPLOYEE DATA. CONSIDERATION OF ADDITIONAL RESPONSIBILITIES AND OTHER FACTORS MAY ALSO CONTRIBUTE IN DETERMINING COMPENSATION. COMPENSATION FOR THE UNIVERSITY'S OTHER OFFICERS AND KEY EMPLOYEES IS ORIGINALLY DETERMINED BASED ON EXTERNAL MARKET AND INDUSTRY SURVEY AS WELL AS THE REVIEW OF OUR INTERNAL EMPLOYEE DATA. ANY ADDITIONAL RESPONSIBILITIES ARE ALSO CONSIDERED. THE DATA IS REVIEWED BY A COMMITTEE AUTHORIZED BY THE BOARD OF TRUSTEES. DECISIONS AND AUTHORIZATIONS ARE DOCUMENTED AND PLACED ON FILE WITH THE VICE PRESIDENT OF HUMAN RESOURCES. FINAL ANNUAL SALARY RECOMMENDATIONS FROM THE PRESIDENT ARE SUBMITTED FOR REVIEW AND APPROVED BY THE HUMAN RESOURCES COMPENSATION COMMITTEE. FORM 990, PART VI, SECTION C, LINE 19 GUIDESTAR.ORG POSTS THE UNIVERSITY'S 990 FILING ANNUALLY. THIS MAKES THE 990 WIDELY AVAILABLE THROUGH THE INTERNET. COPIES ARE ALSO MADE AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST. GOVERNING DOCUMENTS AND THE ANNUAL FINANCIAL REPORT ARE MADE AVAILABLE TO BOARD MEMBERS AND IN COMPLIANCE WITH DEBT COVENANTS. UNIVERSITY EMPLOYEE AND FACULTY HANDBOOKS ARE POSTED ON THE UNIVERSITY WEBSITE. IN ADDITION, ALL STAFF AND FACULTY RECEIVE A HARD COPY. THE CONFLICT OF INTEREST POLICY IS ANNUALLY DISTRIBUTED ONLY TO KEY EMPLOYEES, DIRECTORS, AND OFFICERS OF THE UNIVERSITY TO SIGN AND RETURN. FORM 990, PART XI, LINE 9: LOSS ON SPLIT-INTEREST AGREEMENT -2,534. FORM 990, PART XII, LINE 2C: THERE WERE NO CHANGES TO THE UNIVERSITY'S OVERSIGHT OR SELECTION PROCESSES DURING THE TAX YEAR. 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