2017-08-14T13:00:34-05:00 2016-09-30 990 2015-10-01 061331677 St Vincent's College Inc STVI 2035765578 2800 Main Street Bridgeport CT 06606 Christopher Given Interim SVP/CFO 2017-02-06 2015 2021-01-29 14:40:06Z Michael Gargano 2800 Main Street Bridgeport CT 06606 9963557 false X www.stvincentscollege.edu X 1991 CT To provide education in nursing and allied health and the liberal arts and sciences. 13 11 115 11 0 0 1045848 1498882 8244004 8261837 207104 202838 0 9496956 9963557 953337 1497785 0 6015145 5712904 0 0 2632418 3113915 9600900 10324604 -103944 -361047 21546771 39756873 5580260 24588309 15966511 15168564 St. Vincent's College is a community-based college, faithful to the teachings of the Catholic Church, providing education in nursing and allied health and the liberal arts and sciences. false false 8403156 1497785 8261837 ST. VINCENT'S COLLEGE IS AN INSTITUTION OF HIGHER LEARNING THAT OFFERS ASSOCIATE DEGREES IN NURSING, RADIOGRAPHY, MEDICAL ASSISTING, AND GENERAL STUDIES, AND BACCALAUREATE COMPLETION PROGRAMS IN NURSING AND RADIOLOGIC SCIENCES, AS WELL AS CERTIFICATE PROGRAMS IN MEDICAL OFFICE ASSISTANT, RN REFRESHER, MULTI-SKILLED ASSISTANT, CENTRAL STERILE PROCESSING TECHNICIAN, HEALTHCARE MANAGEMENT, PHARMACY TECHNICIAN, HEALTH INFORMATION TECHNOLOGY CODING SPECIALIST, HEALTH PROMOTIONS, AND MEDICAL ASSISTING. 8403156 true true false true false false false false false true true false false true true true true true true false false false false false false false false false true true false false false false false false false false false false false false false true true true false false true 40 0 true 115 true false false false false false false false false false false X 13 11 false false false false true true true true true false false true true true true true true false false false X Christopher Given 2035766000 2800 Main Street Bridgeport CT 06606 VINCENT C CAPONI HEALTH SYSTEM PRES & CEO (START 8/2016) 2.0 38.0 X X 0 5274008 57240 ARMAND FABBRI CHAIRPERSON 1.0 0 X X 0 0 0 ANITA GLINIECKI INTERIM PRESIDENT/SECRETARY - (END 2/2016) 40.0 0 X X 65522 0 385 MICHAEL MACCARONE VICE CHAIRPERSON 1.0 0 X X 0 0 0 STUART G MARCUS MD HEALTH SYSTEM PRESIDENT & CEO - (END 7/2016) 2.0 38.0 X X 0 1495535 49199 KATHRYN E WOOD TREASURER 1.0 0 X X 0 0 0 MICHAEL GARGANO JR SECRETARY/PRESIDENT&CEO - ST. VINCENT'S COLLEGE - (START 2/2016) 40.0 0 X X 0 0 0 SUSAN E ABBE PHD RN DIRECTOR 1.0 0 X 0 0 0 GEORGE A COLEMAN DIRECTOR - (END 7/2016) 1.0 0 X 0 0 0 MICHAEL T ELLISON EDD DIRECTOR - (END 6/2016) 1.0 0 X 0 0 0 SISTER MARY ELLEN LACY DC DIRECTOR 1.0 1.0 X 0 0 0 DAVID LAWLOR CPA DIRECTOR 1.0 0 X 0 0 0 LILY LOPEZ DIRECTOR 1.0 0 X 0 0 0 SHEILA OBRIEN DIRECTOR 1.0 0 X 0 0 0 DONALD SALTZMAN DIRECTOR 1.0 0 X 0 0 0 CHRISTINE THATCHER EDD DIRECTOR 1.0 0 X 0 0 0 LISA WOODS DIRECTOR 1.0 0 X 0 0 0 STEPHEN FRANKO HEALTH SYSTEM SVP & CFO 2.0 38.0 X 0 238707 18399 CHRISTOPHER GIVEN CFO - ST. VINCENT'S COLLEGE 10.0 30.0 X 0 208875 42990 KAREN L BARNETT DEAN OF NURSING 40.0 0 X 132365 0 8682 LINDA C BORONICO VP ENROLL MGMT DEAN 40.0 0 X 118592 0 31838 SUSAN R CAPASSO VP ACADEMIC AFFAIRS/DEAN 40.0 0 X 268046 0 36574 TERRY K HINE ASSOC PROF CHR MA/RAD 40.0 0 X 140310 0 21332 MARGO M MCCARTHY ASSOC PROF CHR BSN/NSG 40.0 0 X 121126 0 27028 JOHN C GLECKLER FORMER HEALTH SYS SVP/CFO - (END 6/2015) 0.0 0.0 X 0 652428 44303 MARTHA K SHOULDIS EDD FORMER PRESIDENT/SECRETARY - (END 7/2015) 0.0 0 X 225589 0 35918 1071550 7869553 373888 10 true true false FINANCIAL AID SERVICES PO BOX 674868 MARIETTA GA 30006 INTERIM STAFFING 198995 1 479983 1018899 1498882 Tuition and Fees 611600 8261837 8261837 0 0 0 0 8261837 202838 202838 0 0 0 0 0 0 0 0 0 9963557 8261837 0 202838 1497785 1497785 456085 456085 4208021 3847879 360142 56291 56291 652426 538250 114176 340081 282221 57860 155033 155033 66223 66223 595 595 83455 55001 28454 0 34479 1352 33127 406498 303457 103041 401372 305825 95547 486314 484879 1435 27888 14495 13393 9189 7909 1280 173388 172931 457 7164 360 6804 Bad Debt 608175 608175 Corporate Allocations 463243 136671 326572 Dues and Memberships 68955 42342 26613 Educational Grant Expense 68650 0 68650 53294 47333 5961 0 10324604 8403156 1921448 0 70183 56974 0 3353043 2927269 0 0 28030 27671 173227 605669 3690440 1328148 2376492 2362292 0 0 0 15545796 33776998 21546771 39756873 718212 863083 2170705 2531134 2691343 21194092 5580260 24588309 X 12015091 11523294 1713719 1407569 2237701 2237701 15966511 15168564 21546771 39756873 X -361047 -3293 3000 -436607 X false true X true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false false false true 595 595 false Schedule C, Part II-B, Line 1i Other Lobbying Activities Lobbying expenses represent that portion of dues paid to the Connecticut Conference of Independent Colleges (CCIC), CUPA-HR, The National Association of Independent Colleges and Universities (NAICU), The New England Association of Schools and Colleges (NEASC), and the Bridgeport Regional Business Council (BRBC) that are specifically allocable to lobbying. St. Vincent's College does not participate in or intervene in (including the publishing or distribution of statements) any political campaign on behalf of (or in opposition to) any candidate for public office. 2773209 0 89088 72964 12228 2777105 2895572 47672 -5410 150001 14624 2773209 2363696 464255 221134 140974 12539 2895572 2218818 10362 234038 101123 -1601 2363696 2129778 934 259963 123404 48453 2218818 0.0 0.81 0.19 false true true 208694 176388 32306 2429575 420868 2008707 610772 515344 95428 441399 215548 225851 2362292 Interest in Investments Held by Foundation 3929197 Interest in Investments Held by Ascension Health 15619219 Due from Affiliates 14199729 Deferred Compensation Asset - Ascension Health Plans 28853 33776998 Accrued Post Retirement 102539 Accrued Pension 924413 Defined Contribution Liability 84844 Due to Affiliates 20043942 Unclaimed Property Liability 9501 457 Deferred Comp Liability 28853 21194092 X 8465480 -3293 3000 -293 8465773 1497784 1497784 9963557 8641118 0 0 8641118 1683486 1683486 10324604 Schedule D, Part V, Line 4 Intended uses of endowment funds The income from the majority of the endowment funds is to be used for scholarships for students attending St. Vincent's College. Endowments for other purposes are as follows: Income from the Russo Family Endowment is to be used for the ongoing educational development of the faculty members of St. Vincent's College. Income from the Carmen Tortora Family Endowment is to be used to support nursing and allied health educational programs. Income from the North Bridgeport Lions Club Endowment pertaining to St. Vincent's College is to be used for the needs of St. Vincent's College. Income from the St. Vincent's Nursing Alumni General Endowment Fund is to be used to assist with the cost of certain expenses related to the annual Alumni Day. Income from the St. Vincent's Nursing Alumni Hardship Endowment Fund is available to provide assistance to St. Vincent's Nursing Alumni who demonstrate a need. Income from the Student Revolving Loan Fund is to be used for nursing student revolving loans. Income from the Francini Endowment is to be used for nursing education including nursing symposiums and workshops. Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote The College is a tax-exempt organization under Internal Revenue Code Section 501(c)(3) and its related income is exempt from federal income tax under Section 501(a). The College accounts for uncertainty in income tax positions by applying a recognition threshold and measurement attribute for financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. Management has analyzed the tax positions taken and has concluded that as of September 30, 2016, there are no uncertain tax positions taken or expected to be taken that would require recognition of a liability (or asset) or disclosure in the financial statements. The College is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress. Schedule D, Part XI, Line 2(d) Other revenues in audited financial statements not in form 990 prior period adjustment - 3000 Schedule D, Part XI, Line 4(b) Other revenues in form 990 not in audited financial statements Student Aid not in Audited Financial Statements - 1497784 Schedule D, Part XII, Line 4(b) Other expenses in form 990 not in audited financial statements Student Aid not in Audited Financial Statements - 1497784 Transfer to Ascension - Project Symphony - 81602 Transfer to Ascension - Corporate Allocation - 104100 true true true true true true true false false false false false false false false true false true Schedule E, Part I, Line 3 RACIALLY NONDISCRIMINATORY POLICY St. Vincent's College publishes its racially nondiscriminatory policy in its academic catalog. Schedule E, Part I, Line 6(a) FINANCIAL AID OR ASSISTANCE FROM A GOVERNMENT St. Vincent's College receives financial assistance from the U.S. Department of Education. true PELL GRANT 777 974887 SEOG GRANT 182 44013 SCHOLARSHIP FUNDS HELD BY ST. VINCENT'S FOUNDATION 297 478885 Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds. The College awards institutional grants and scholarships to enrolled students. Students file a FAFSA form to be considered for a grant award. The majority of the grant awards are need-based as defined by Federal Formula. Scholarships are awarded according to donor specifications. true false false false false false false false false MARTHA K SHOULDIS EDD FORMER PRESIDENT/SECRETARY - (END 7/2015) 117670 0 0 0 107919 0 6583 0 29335 0 261507 0 0 0 VINCENT C CAPONI HEALTH SYSTEM PRES & CEO (START 8/2016) 0 906248 0 1322246 0 3045514 0 17075 0 40165 0 5331248 0 0 STUART G MARCUS MD HEALTH SYSTEM PRESIDENT & CEO - (END 7/2016) 0 688435 0 673711 0 133389 0 15900 0 33299 0 1544734 0 0 JOHN C GLECKLER FORMER HEALTH SYS SVP/CFO - (END 6/2015) 0 295667 0 0 0 356761 0 14748 0 29555 0 696731 0 0 STEPHEN FRANKO HEALTH SYSTEM SVP & CFO 0 175595 0 0 0 63112 0 5004 0 13395 0 257106 0 0 CHRISTOPHER GIVEN CFO - ST. VINCENT'S COLLEGE 0 177147 0 22657 0 9071 0 10159 0 32831 0 251865 0 0 LINDA C BORONICO VP ENROLL MGMT DEAN 118159 0 0 0 433 0 6149 0 25689 0 150430 0 0 0 SUSAN R CAPASSO VP ACADEMIC AFFAIRS/DEAN 267224 0 0 0 822 0 16575 0 19999 0 304620 0 0 0 TERRY K HINE ASSOC PROF CHR MA/RAD 135468 0 4050 0 792 0 8740 0 12592 0 161642 0 0 0 Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation St. Vincent's Medical Center, a related organization of St. Vincent's College, uses the following methods to establish the compensation of the Organization's CEO: - Compensation Committee - Independent Compensation Consultant - Compensation Survey or Study - Approval by the Board or Compensation Committee. Schedule J, Part I, Line 4a Severance or change-of-control payment The following individuals listed on Schedule J were paid the referenced amount of severance payments in calendar year 2015: John Gleckler - $267,419 Martha Shouldis - $92,599 Form 990, Part VI, Line 15 COMPENSATION OF CEO AND OTHER OFFICERS IN DETERMINING THE COMPENSATION OF THE ORGANIZATION'S CEO, THE PROCESS, PERFORMED BY ST. VINCENT'S MEDICAL CENTER, A RELATED ORGANIZATION OF ST. VINCENT'S COLLEGE, INCLUDED A REVIEW AND APPROVAL BY INDEPENDENT PERSONS, COMPARABILITY DATA, AND CONTEMPORANEOUS SUBSTANTIATION OF THE DELIBERATION AND DECISION. THE EXECUTIVE COMPENSATION COMMITTEE REVIEWED AND APPROVED THE COMPENSATION. IN THE REVIEW OF THE COMPENSATION, THE CEO WAS COMPARED TO INDIVIDUALS AT OTHER ORGANIZATIONS IN THE AREA WHO HOLD THE SAME TITLE. DURING THE REVIEW AND APPROVAL OF THE COMPENSATION, DOCUMENTATION OF THE DECISION WAS RECORDED IN THE COMMITTEE MINUTES. THE INDIVIDUAL WAS NOT PRESENT WHEN HIS COMPENSATION WAS DECIDED. IN DETERMINING COMPENSATION OF OTHER OFFICERS OF THE ORGANIZATION, THE PROCESS, PERFORMED BY ST. VINCENT'S MEDICAL CENTER, A RELATED ORGANIZATION OF ST. VINCENT'S COLLEGE, INCLUDED A REVIEW AND APPROVAL BY INDEPENDENT PERSONS, COMPARABILITY DATA, AND CONTEMPORANEOUS SUBSTANTIATION OF THE DELIBERATION AND DECISION. THE EXECUTIVE COMPENSATION COMMITTEE REVIEWED AND APPROVED THE COMPENSATION. IN THE REVIEW OF COMPENSATION, THE OTHER OFFICERS OF THE ORGANIZATION WERE COMPARED TO INDIVIDUALS AT OTHER ORGANIZATIONS IN THE AREA WHO HOLD THE SAME TITLE. DURING THE REVIEW AND APPROVAL OF THE COMPENSATION, DOCUMENTATION OF THE DECISION WAS RECORDED IN THE COMMITTEE MINUTES. Form 990, Part VI, Line 6 Classes of members or stockholders St. Vincent's College has a single corporate member, St. Vincent's Medical Center. Form 990, Part VI, Line 7a Members or stockholders electing members of governing body St. Vincent's College has a single corporate member, St. Vincent's Medical Center, who has the ability to elect members to the governing body of St. Vincent's College. Form 990, Part VI, Line 7b Decisions requiring approval by members or stockholders All decisions that have a material impact to St. Vincent's College financial information or corporation as a whole are subject to approval by its sole corporate member, St. Vincent's Medical Center. Form 990, Part VI, Line 11b Review of form 990 by governing body Management, including certain officers, works diligently to complete the Form 990 and attached schedules in a thorough manner. Management presents the Form to the Board, or a designated committee, to review and answer any questions. Prior to filing the return, all Board Members are provided the Form 990 and management team members are available to answer any Board Members' questions. Form 990, Part VI, Line 12c Conflict of interest policy The Organization regularly and consistently monitors and enforces compliance with the Conflict of Interest Policy, in that, any director, officer, key employee, or member of a committee with governing board delegated powers, who has a direct or indirect financial interest, must disclose the existence of the financial interest and be given the opportunity to disclose all material facts to the directors and members of the committee with governing board delegated powers considering the proposed transaction or arrangement. The remaining individuals on the governing board or committee will decide if conflicts of interest exist. Each director, principal officer, key employee, or member of a committee with governing board delegated powers annually signs a statement which affirms such person has received a copy of the Conflict of Interest Policy, has read and understands the Policy, has agreed to comply with the Policy, and understands that the Organization is charitable and in order to maintain its federal tax exemption it must engage primarily in activities which accomplish its tax-exempt purpose. Form 990, Part VI, Line 19 Required documents available to the public The Organization will provide any documents open to public inspection upon request. Form 990, Part VII, Section A President Compensation Michael Gargano became the President of St. Vincent's College in February 2016. As a result, no compensation is reported for him for calendar year 2015 on Form 990, Part VII. Form 990, Part XI, Line 9 Other changes in net assets or fund balances Change in FASB 158 Liability - Ascension - -170636; Change in FASB 158 Liability - OPEB - 39820; Change in Assets Held by St. Vincent's Foundation - -305791; ASCENSION HEALTH ALLIANCE PO BOX 45998 ST LOUIS MO 63145 453358926 NATIONAL HEALTH SYSTEM MO 501(c)(3 Type I NA false ASCENSION HEALTH PO BOX 45998 ST LOUIS MO 63145 311662309 NATIONAL HEALTH SYSTEM MO 501(c)(3 Type I ASCENSION HEALTH ALLIANCE false ST VINCENT'S HEALTH SERVICES CORPORATION 2800 MAIN STREET BRIDGEPORT CT 06606 222558134 HOLDING COMPANY CT 501(c)(3 Type I ST VINCENT'S MEDICAL CENTER true ST VINCENT'S MEDICAL CENTER FOUNDATION INC 2800 MAIN STREET BRIDGEPORT CT 06606 222558132 FUNDRAISING CT 501(c)(3 7 ST VINCENT'S HEALTH SERVICES CORP true ST VINCENT'S SPECIAL NEEDS CENTER INC 95 MERRITT BOULEVARD TRUMBULL CT 06611 060702617 PROGRAMS FOR SPECIAL NEEDS INDIVIDUALS CT 501(c)(3 9 ST VINCENT'S HEALTH SERVICES CORP true ST VINCENT'S DEVELOPMENT INC 95 MERRITT BOULEVARD TRUMBULL CT 06611 222554128 REAL ESTATE HOLDINGS CT 501(c)(25 ST VINCENT'S HEALTH SERVICES CORP true ST VINCENT'S MEDICAL CENTER 2800 MAIN STREET BRIDGEPORT CT 06606 060646886 HOSPITAL AND SYSTEM PARENT CT 501(c)(3 3 ASCENSION HEALTH false ST VINCENT'S MULTISPECIALTY GROUP INC 2800 MAIN STREET BRIDGEPORT CT 06606 800458769 PHYSICIAN PRACTICES CT 501(c)(3 Type I ST VINCENT'S MEDICAL CENTER true VINCENTURES INC 95 MERRITT BOULEVARD TRUMBULL CT 06611 061211417 INACTIVE CT NA C Corporation true false false true false false false false false false false false false false false false true true false false ST VINCENT'S MEDICAL CENTER FOUNDATION INC C 479983 AMOUNTS TRANSFERRED ST VINCENT'S DEVELOPMENT INC P 353081 AMOUNTS TRANSFERRED