2016-05-12T15:08:24-05:00 2015-06-30 221478099 COHNREZNICK LLP 4 BECKER FARM ROAD ROSELAND NJ 07068 990 2014-07-01 221529785 COLLEGE OF SAINT ELIZABETH COLL 9732904000 2 CONVENT RD MORRISTOWN NJ 07960 MICHAEL FESCOE VP FINANCE AND ADMIN 9732904000 2016-05-12 1 THOMAS LANNING P00851654 9732283500 2014 2016-08-17 19:52:53Z HELEN J STREUBERT 2 CONVENT RD MORRISTOWN NJ 07960 40734277 0 X WWW.CSE.EDU X 1899 NJ TO BE A COMMUNITY OF LEARNING IN THE CATHOLIC LIBERAL ARTS TRADITION FOR STUDENTS OF DIVERSE AGES, BACKGROUNDS, AND CULTURES. 24 23 674 23 0 0 2958044 4638127 32804182 32290195 777879 1443506 628515 586285 37168620 38958113 9863432 10506088 0 0 16537804 14465577 20684 19021 912071 12405456 12045864 38827376 37036550 -1658756 1921563 60928785 62037085 24791791 24294253 36136994 37742832 X THE MISSION OF THE COLLEGE OF SAINT ELIZABETH, SPONSORED BY THE SISTERS OF CHARITY, IS TO BE A COMMUNITY OF LEARNING IN THE CATHOLIC LIBERAL ARTS TRADITION FOR STUDENTS OF DIVERSE AGES, BACKGROUNDS, AND CULTURES. THROUGH THE VISION AND CORE VALUES OF ELIZABETH ANN SETON, VINCENT DEPAUL, AND LOUISE DE MARILLAC AND ROOTED IN GOSPEL VALUES AND IN CATHOLIC SOCIAL TEACHING, THE COLLEGE OF SAINT ELIZABETH AFFIRMS ITS SOLIDARITY WITH THE POOR AND ITS COMMITMENT IN SERVICE TO THE COMMUNITY. 0 0 29912961 10506088 32390206 THE COLLEGE OF SAINT ELIZABETH, A NOT-FOR-PROFIT INSTITUTION OF HIGHER EDUCATION, IS A COLLEGE IN THE CATHOLIC, LIBERAL ARTS TRADITION. FOUNDED IN 1899 BY THE SISTERS OF CHARITY OF SAINT ELIZABETH, THE COLLEGE IS THE OLDEST FOUR-YEAR LIBERAL ARTS COLLEGE FOR WOMEN IN THE STATE OF NEW JERSEY AND ONE OF THE FIRST CATHOLIC COLLEGES IN THE UNITED STATES TO AWARD DEGREES TO WOMEN. IN 1903 THE COLLEGE GRANTED ITS FIRST BACCALAUREATE DEGREES TO A CLASS OF FOUR WOMEN. TODAY, WITH MORE THAN 17,000 GRADUATES, THE COLLEGE REMAINS STRONG WITH A VITAL PURPOSE: TO PROVIDE A VALUE-CENTERED EDUCATION THAT RESPONDS TO TODAY'S SOCIETY'S NEEDS WHILE REMAINING TRUE TO ITS MISSION. THE COLLEGE OFFERS 19 BACCALAUREATE DEGREE PROGRAMS, 11 MASTER'S DEGREE PROGRAMS, TWO DOCTORAL PROGRAMS, AND A VARIETY OF PROFESSIONAL CERTIFICATIONS AND CERTIFICATES. PREPARATION FOR MINISTRY IS OFFERED THROUGH THE COLLEGE OF SAINT ELIZABETH CENTER FOR MINISTRY AND SPIRITUALITY. 29912961 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 1978 0 1 674 1 0 0 0 0 0 1 1 0 0 0 0 X 24 23 0 1 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X MICHAEL FESCOE 9732904000 2 CONVENT RD MORRISTOWN NJ 07960 X AGANS SISTER JEANNE TRUSTEE 1.00 X 0 0 0 BUTLER SISTER PATRICIA SECRETARY, BOARD OF TRUSTEES 1.00 X X 0 0 0 BYRNE EMMA N TRUSTEE 1.00 X 0 0 0 COLYER KATHLEEN MARKEY TRUSTEE 1.00 X 0 0 0 CROWLEY SISTER MAUREEN TRUSTEE 1.00 X 0 0 0 FORD WILLIAM S JR TRUSTEE 1.00 X 0 0 0 HUMPHREYS SISTER DEBORAH TRUSTEE 1.00 X 0 0 0 JOHANSON WINIFRED M TRUSTEE 1.00 X 0 0 0 KEELTY RICHARD W TRUSTEE 1.00 X 0 0 0 LATAILLE RONALD H TRUSTEE 1.00 X 0 0 0 MANCUSO PETER V TRUSTEE 1.00 X 0 0 0 MCGOWEN GAILON W JR TRUSTEE 1.00 X 0 0 0 MCNAMARA DONNA B TRUSTEE 1.00 X 0 0 0 MEEHAN ROBERT TRUSTEE 1.00 X 0 0 0 MELLO SUSAN M TRUSTEE 1.00 X 0 0 0 MERTZ FRANCIS J TRUSTEE 1.00 X 0 0 0 MICHEL SUSAN M TRUSTEE 1.00 X 0 0 0 MOYNIHAN SISTER ROSEMARY CHAIR, BOARD OF TRUSTEES 1.00 X X 0 0 0 PAINTER ALAN S TRUSTEE 1.00 X 0 0 0 REGAN KATHERINE A TRUSTEE 1.00 X 0 0 0 RENYI ELIZABETH M TRUSTEE 1.00 X 0 0 0 ROSE STEVEN M TRUSTEE 1.00 X 0 0 0 SERRATELLI MOST REV ARTHUR J BISHOP OF PATERSON 1.00 X 0 0 0 STREUBERT HELEN J PRESIDENT AND TREASURER 40.00 X X 238006 0 87066 ALLEN WILLIAM INTERIM VP FOR ENROLLMENT MANAGEMENT 40.00 X 0 0 0 BUCK KATHERINE M VP FOR STUDENT LIFE 40.00 X 121695 0 15098 BUCKLEY NEIL G INTERIM VP FOR FINANCE ADMINISTRATION 40.00 X 0 0 0 CAMMARATA MARIA R VP FOR FINANCE ADMINISTRATION 40.00 X 146911 0 14361 CICCONE JOSEPH INTERIM VP FOR ACADEMIC AFFAIRS 40.00 X 83338 0 0 CLEARY SALLY VP FOR INSTITUTIONAL ADVANCEMENT 40.00 X 65271 0 47 GUILLORY MONIQUE VP FOR ACADEMIC AFFAIRS 40.00 X 0 0 0 MCCREERY DEBORAH M VP FOR INSTITUTIONAL ADVANCEMENT 40.00 X 32823 0 6046 SCOTT ALEXANDER VP FOR ENROLLMENT MANAGEMENT 40.00 X 75849 0 0 STROBECK CAROL A INTERIM VP FOR ACADEMIC AFFAIRS 40.00 X 60953 0 6793 ANTHONY COLABRARO ASST VP FINANCE ADMINISTRATION 40.00 X 114763 0 26262 939609 0 155673 4 0 1 0 CHARTWELLS PO BOX 417632 BOSTON MA 02241 FOOD SERVICES 1112536 BINSKY SERVICE 281 CENTENNIAL AVENUE PISCATAWAY NJ 08854 MECHANICAL SERVICES 349353 TOM CULLEN CONSTRUCTION LLC 30 WARREN DRIVE PARSIPPANY NJ 07054 CONSTRUCTION SERVICES 132640 TNG CONTRACTING LLC 91 WOODLAND AVENUE MORRISTOWN NJ 07960 GENERAL CONTRACTING SERVICES 108178 12 125954 971438 3540735 59192 4638127 STUDENT TUITION AND FEES 611710 27914370 27914370 STUDENT ROOM AND BOARD 611710 4331770 4331770 OTHER PROGRAM REVENUE 611710 44055 44055 32290195 10321 10321 498389 0 498389 498389 498389 3180853 1747668 1433185 1433185 1433185 16381 125954 28496 -12115 -12115 SOCIAL DEVELOPMENT 611710 49678 49678 CAMPUS STORE 611710 40000 40000 OTHER 900099 10333 10333 100011 38958113 32390206 0 1929780 10506088 10506088 1032868 403029 494422 135417 10692602 8668574 1596116 427912 73211 59301 10982 2928 1629843 1385938 174983 68922 1037053 840013 155558 41482 1500407 1006186 494221 39721 39721 108083 108083 19021 19021 138150 138150 293883 268060 23404 2419 315254 315254 1304883 673360 543991 87532 500689 187327 312690 672 2366 2366 2517515 2039187 377627 100701 245817 215953 28264 1600 50307 40523 8145 1639 629910 629910 2063878 2063878 280435 44329 236106 RESIDENCE HALLS 549642 549642 MEMBERSHIP 248780 154706 84518 9556 RECRUITING SERVICES 243527 243527 PUBLICATIONS 200568 177475 23093 812049 68245 731534 12270 37036550 29912961 6211518 912071 2613023 4046903 1910467 3209336 269361 556148 1458482 1017352 649185 589376 652673 361099 76594604 44532236 32941466 32062368 20138208 19102600 232859 213017 63061 878886 60928785 62037085 2042586 2392853 325508 228491 21090000 21132840 1333697 540069 24791791 24294253 X 12456298 12494721 12897927 14300555 10782769 10947556 36136994 37742832 60928785 62037085 1921563 -315725 0 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 19525920 247232 981542 1112568 181061 19461065 18578699 526867 2535531 1974167 141010 19525920 19431648 331101 2280377 3320196 144231 18578699 20932290 402166 635493 2384319 153982 19431648 18276448 434390 4010736 1636212 153072 20932290 0.09570 0.56250 0.34180 0 0 87750 87750 50640867 23601576 27039291 12248834 10915254 1333580 13617153 10015406 3601747 32062368 ADVANCES FROM GOVERNMENT - FOR STUDENT LOANS 540069 540069 X 28152695 -315725 133299 -10506088 -10688514 38841209 138150 -21246 116904 38958113 26546857 133299 21246 154545 26392312 138150 10506088 10644238 37036550 PART V, LINE 4: INCLUDED IN NET ASSETS ARE CURRENT QUASI-ENDOWMENT FUNDS WHOSE ASSETS HAVE BEEN DESIGNATED BY THE BOARD OF TRUSTEES TO BE USED FOR OPERATING AND PLANT EXPENSES, RESPECTIVELY. INCLUDED IN TEMPORARILY RESTRICTED NET ASSETS ARE UNSPENT DONOR RESTRICTED GIFTS TO BE USED TO SUPPORT FUTURE OPERATIONS AND EARNINGS ON PERMANTENTLY RESTRICTED ENDOWMENTS, WHICH WILL BE SPENT IN ACCORDANCE WITH THE TERMS OF THE ENDOWMENT IN SUBSEQUENT PERIODS. INCLUDED IN PERMANENTLY RESTRICTED NET ASSETS ARE ENDOWMENT FUNDS WHICH INCLUDE ASSETS WHOSE EARNINGS HAVE BEEN DONOR-RESTRICTED FOR THE FOLLOWING PURPOSES: 1. SCHOLARSHIP ENDOWMENT FUND FOR NAMED SCHOLARSHIPS TO STUDENTS; 2. GERALDINE D. RIORDAN ENDOWMENT FUND FOR THE OPERATIONS OF THE GERALDINE D. RIORDAN VOLUNTEER CENTER; 3. SCIENCE ENDOWMENT FUND FOR THE PURCHASE OF EQUIPMENT FOR THE SCIENCE DEPARTMENTS; 4. SETON ENDOWMENT FUND FOR THE OPERATION OF THE GRADUATE PROGRAM IN EDUCATION; 5. MALONEY ENDOWMENT FUND FOR FACULTY DEVELOPMENT. PART X, LINE 2: NO PROVISION FOR INCOME TAXES WAS REQUIRED FOR 2015 AND 2014. 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. THE COLLEGE HAS NO UNRECOGNIZED TAX BENEFITS AT JUNE 30, 2015 AND 2014. THE COLLEGE'S FEDERAL AND STATE TAX FILINGS PRIOR TO FISCAL YEAR 2012 ARE CLOSED AND MANAGEMENT CONTINUALLY EVALUATES EXPIRING STATUTES OF LIMITATIONS, AUDITS, PROPOSED SETTLEMENTS, CHANGES IN TAX LAW AND NEW AUTHORITATIVE RULINGS. PART XI, LINE 2D - OTHER ADJUSTMENTS: STUDENT AID -10,506,088. PART XI, LINE 4B - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES -21,246. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 21,246. PART XII, LINE 4B - OTHER ADJUSTMENTS: STUDENT AID 10,506,088. 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 INSTITUTION'S RACIALLY NON-DISCRIMINATORY POLICY IS DISCLOSED IN ALL ADMISSION MATERIAL, THE OFFICIAL COLLEGE CATALOG, PUBLIC ANNOUNCEMENTS, ETC. SCHEDULE E, PART I, LINE 6 THE ORGANIZATION RECEIVED FINANCIAL AID AND ASSISTANCE FROM THE GOVERNMENT. X X X X X X X 1 RUFFALOCODY & ASSOCIATES 1075 N JUDGE ELY BLVD ABILENE TX 79601 PHONATHON, DIRECT MAIL 0 87006 19021 67985 87006 19021 67985 GALA 142335 125954 16381 7250 10505 10741 142335 125954 16381 7250 10505 10741 28496 -12115 1 SCHOLARSHIPS 501 10506088 FMV FINANCIAL AID PART I, LINE 2: THE COLLEGE (PRIMARILY THE FINANCIAL AID DEPARTMENT) MONITORS STUDENTS' FILES TO ENSURE THAT THEY RECEIVE THE NECESSARY FINANCIAL AID ASSISTANCE BASED ON GRADES, COURSE OF STUDY, FINANCIAL NEED, ETC. STUDENT FILES ARE REVIEWED ON AN ANNUAL BASIS TO ENSURE THAT THEY MEET ELIGIBILITY REQUIREMENTS. X 1 1 X X X 0 0 0 0 0 0 0 0 0 STREUBERT HELEN J PRESIDENT AND TREASURER 228578 0 0 0 9428 0 0 0 87066 0 325072 0 0 0 CAMMARATA MARIA R VP FOR FINANCE ADMINISTRATION 146713 0 0 0 198 0 0 0 14361 0 161272 0 0 0 PART I, LINE 1A THE ORGANIZATION PROVIDES A RESIDENCE FOR THE PERSONAL USE OF THE PRESIDENT OF THE COLLEGE. THE FMV OF THE USE OF THAT RESIDENCE HAS BEEN INCLUDED IN THE PRESIDENT'S NON-TAXABLE BENEFITS. A NJEFA 221829511 646065SM5 2008-05-29 24090000 BUILDING CONSTRUCTION AND RENOVATION 0 0 0 A 3750000 24090000 625494 345774 23118732 2009 1 0 1 1 A 0 0 0 0 0 0 1 A 0 0 0 1 1 0 0 0 1 A 1 SCHEDULE K, PART IV, LINE 2: THE REBATE COMPUTATION WAS PERFORMED ON JUNE 30, 2010. X 125 FMV X 7 49317 FMV X AUCTION ITEMS 14 7250 FMV X CHINA AND STEMWARE 1 2500 FMV 0 1 0 PART I, COLUMN (B): AMOUNTS IN COLUMN B REPRESENT THE NUMBER OF CONTRIBUTORS. FORM 990, PART VI, SECTION A, LINE 3 FOR A PORTION OF THE YEAR, THE ORGANIZATION DELEGATED FINANCE RESPONSIBILITIES TO THE REGISTRY FOR COLLEGE AND UNIVERSITY PRESIDENTS. FORM 990, PART VI, SECTION A, LINE 6 THE MEMBERS OF THE COLLEGE SHALL CONSIST OF NOT FEWER THAN FIVE NOR MORE THAN SEVEN MEMBERS, ALL OF WHOM SHALL BE MEMBERS OF THE SISTERS OF CHARITY OF SAINT ELIZABETH OR ANY SUCCESSOR ENTITY AND THE PRESIDENT OF THE COLLEGE. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS SHALL HAVE THE SOLE RIGHT TO ELECT MEMBERS AND ELECT MEMBERS OF THE BOARD, FIX THE NUMBER OF MEMBERS AND THE NUMBER OF ELECTED TRUSTEES AND REMOVE ELECTED TRUSTEES WITH OR WITHOUT CAUSE. FORM 990, PART VI, SECTION B, LINE 11 THE RETURN IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM BASED ON INFORMATION PROVIDED BY THE ORGANIZATION AND IN CONSULTATION WITH THE ORGANIZATION'S STAFF. THE DRAFT PREPARED BY THE ACCOUNTING FIRM IS THEN CAREFULLY REVIEWED BY THE ORGANIZATION. THE DOCUMENT IS FURTHER REVIEWED AND APPROVED BY THE FINANCE COMMITTEE OF THE BOARD OF TRUSTEES AND THEN PROVIDED TO THE BOARD OF TRUSTEES OF THE COLLEGE. IT IS FILED WITH THE INTERNAL REVENUE SERVICE AND SUBSEQUENTLY AVAILABLE ON GUIDESTAR.ORG. FORM 990, PART VI, SECTION B, LINE 12C OFFICERS, DIRECTORS, AND SELECTED EMPLOYEES (BASED ON THEIR LEVEL OF RESPONSIBILITY) ARE ANNUALLY REQUIRED TO COMPLETE A CONFLICT OF INTEREST FORM. THESE FORMS ARE SENT DIRECTLY TO THE DIRECTOR OF HUMAN RESOURCES WHO THEN REVIEWS THEM WITH THE PRESIDENT AND THE VICE PRESIDENT FOR FINANCE AND ADMINISTRATION. THE TRUSTEES' CONFLICT OF INTEREST FORMS ARE REVIEWED DIRECTLY BY THE PRESIDENT OF THE COLLEGE. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION OF OFFICERS OR KEY EMPLOYEES OF THE ORGANIZATION IS DETERMINED BY INDEPENDENT PERSONS WHO REVIEW DATA INCLUDED ON: FORM 990 OF OTHER SIMILAR ORGANIZATIONS, COMPENSATION SURVEY DATA SUPPLIED BY THE COLLEGE AND UNIVERSITY PROFESSIONAL ASSOCIATION FOR HUMAN RECOURCES (CUPA-HR), AND BENCHMARK DATA OF PEER AND ASPIRANT INSTITUTIONS. THE DIRECTOR OF HUMAN RESOURCES COORDINATES THE PROCESS AND HOUSES THE AFOREMENTIONED SUPPORTING DOCUMENTS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. THE GOVERNING DOCUMENTS ARE HOUSED IN THE PRESIDENT'S OFFICE AND ARE ALSO AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART VII: WILLIAM ALLEN, INTERIM VP FOR ENROLLMENT MANAGEMENT, AND NEIL BUCKLEY, INTERIM VP FOR FINANCE AND ADMINISTRATION ARE OUTSIDE CONTRACTORS THAT WERE HIRED TO FILL THE RESPECTIVE POSITIONS. COMPENSATION WAS PAID DIRECTLY TO THE REGISTRY FOR COLLEGE AND UNIVERSITY PRESIDENTS, THEREFORE, NO COMPENSATION IS LISTED ON PART VII FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS A COMMITTEE RESPONSIBLE FOR THE OVERSIGHT OF THE AUDIT AS WELL AS THE SELECTION OF THE INDEPENDENT ACCOUNTANT. SISTERS OF CHARITY OF SAINT ELIZABETH PO BOX 476 CONVENT STATION NJ 07961 221487343 CHURCH NJ 501(C)(3) LINE 1 N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0