2016-05-16T18:10:45-05:00 2015-06-30 KPMG LLP 1676 International Drive McLean VA 22102 990 2014-07-01 210634981 GEORGIAN COURT UNIVERSITY % John Sommer VP Finance & Ad GEOR 7329872200 900 LAKEWOOD AVENUE LAKEWOOD NJ 08701 JOHN SOMMER VP FINANCE & ADM 7329872218 2016-05-16 true KPMG LLP P00634378 7032868000 2016-05-16 2014 2016-08-17 19:52:53Z JOSEPH R MARBACH PHD 900 LAKEWOOD AVENUE LAKEWOOD NJ 08701 72188664 false X WWW.GEORGIAN.EDU X 1908 NJ SEE SCHEDULE O. 35 35 1006 243 527906 -56680 2633840 3045409 51134330 54519183 3125155 4262395 996205 1042828 57889530 62869815 13908284 16308056 0 0 23571406 26095805 20538 18397 1880448 20300401 19834918 57800629 62257176 88901 612639 125055802 122948493 33214064 32451194 91841738 90497299 X Georgian Court University, which provides a comprehensive liberal arts education and is open to students of all faiths, offers a curriculum that promotes scholarship, service, leadership, and personal development. Driven 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, explore their leadership potential, and use their education to build contributive, successful lives and careers. false false 34283094 16306806 55035750 In 2014-2015, Georgian Court University served more than 2,300 students in more than 31 undergraduate and 9 distinctive graduate programs through the School of Business, School of Education, and School of Arts and Sciences, as well as the GCU-Meridian Health School of Nursing. The university also 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. Beginning that year, men enrolled full time in any course, and GCU became fully coeducational in September 2013. Today, GCU is fully coeducational with men participating in sports, student government, campus ministry, campus leadership, and residence life. GCU provides all students with a values-based liberal arts experience that enhances their marketability across various disciplines and emphasizes purposeful leadership. GCU graduates contribute to the greater good locally, nationally, and throughout the world. GCU's 13:1 student-faculty ratio allows students to learn in small classes that foster valuable research opportunities between professors and students. In 2014, 84% of GCU seniors completed at least two high-impact learning experiences such as faculty-student research, study abroad, service learning and internships; among similar mid-East colleges and universities, only 75 percent did so (2014). In addition, small classes with approachable faculty are especially helpful at GCU where adult learners (ages 23 or older) comprise about 26 percent of the student population. Nationally, alumni of independent colleges and universities are more likely (62 percent) to say they benefited very much from classes with fewer than 20 students; among public university graduates, about 15 percent say they benefited from small classes. In recent years, GCU has added new areas of study that reflect market demands and employment trends. Examples include the university's graduate program in applied behavior analysis and the GCU-Meridian Health B.S.N in Nursing program. In May 2015, the university graduated its fourth class of B.S.N.-prepared nurses-some of whom are working in hospital settings and others who plan to pursue healthcare management careers. The university also saw several accolades in 2015, including the School of Education's accreditation for its M.A. in Administration and Leadership from the Teacher Education Accreditation Council; a quality assurance report from the Accreditation Council for Business Schools and Programs; the New Jersey Governor's Environmental Excellence Award; and a score of 3-the highest possible mark-on the U.S. Department of Education's financial responsibility test. The 2014-2015 academic year saw an increase in students' academic credentials. For example, in Fall 2014, the average incoming freshman had a 3.21 GPA, up from 3.05 in Fall 2013. The retention rate for Fall 2014 students living on campus also climbed to 90 percent, up from 88 percent the prior year. The university also launched an intensive retention effort for all first-year students at risk of not completing 30 credits by the end of their freshman year. The program, Chart the Course, offered a free course over winter break and summer break to qualified students. Initial results found that 86 percent of participating Chart the Course students were retained, versus the class average of 78 percent. GCU provides opportunities for valuable experience in academic disciplines before graduation. Students-including about 30 percent of seniors-report working alongside faculty mentors in disciplines like social work, biochemistry, business, autism studies, early childhood education, learning disabilities consulting, and school psychology. Overall, at least 65 percent of GCU seniors participate in an internship, field experience, student teaching, or clinical placement before graduation. Also by senior year, 51 percent of GCU students have experienced courses that include a community-based project, compared to only 10 percent of students at other mid-East private colleges and universities. Service, one of GCU's Mercy core values, is embedded in the university's myriad experiences, as evidenced by the 94,000+ volunteer hours GCU students, faculty and staff invested during the 2014-2015 academic year. Many of these experiences are managed by the Office of Mission Integration, which expanded its programming in 2015 to include the Office of Campus Ministry, the service-focused Mercy Collegiate Society, vocational and spiritual retreats, and the annual Critical Concerns Week, which focuses on social justice issues and activities. Additional partnerships and programs at locations throughout the region extend the reach and mission of Georgian Court University. Among them are the Guaranteed Tuition Initiative with neighboring Brookdale Community College, GCU's largest two-year college feeder, and the M.A. in Administration and Leadership program especially for Catholic school educators; its first class of graduates completed the program in May 2015 and included students now working as principals and school leaders throughout the Diocese of Trenton. GCU's International Collaboration Center continues to connect GCU students and faculty with their peers in other countries. In 2014-2015, faculty and students conducted research, delivered course presentations, and completed collaborative projects with international partners using the ICC's technology. In addition, GCU's growing global education program sent more than 40 students and faculty members to places like Ecuador, Argentina, Hong Kong, Spain, and World War II commemorative sites throughout Europe. The university also partners with schools worldwide, including John Cabot University in Rome. On campus, GCU attracted academic leaders from around the world for the World War I Centennial Anniversary conference that examined the role of pacifists in wartime. Other professional conferences sponsored on the Georgian Court campus drew researchers in applied behavior analysis, clinical mental health counseling, graphic design, and holistic health. Overall, the university saw more than 22,000 visitors to campus in 2015. STUDENT NEED AT GCU About 99 percent of GCU's full-time first-year students receive aid, with an average financial aid package of $31,884. About 43 percent all full-time freshmen receive Pell grants (federal aid). In addition, 45 percent of entering freshmen were first-generation students. The generosity of individual and foundation donors and the university's conservative approach to stewardship has allowed GCU to provide $16 million in institutional aid to students. In 2015, the university's alumni giving rate was 10.2 percent, putting GCU on par with or better than some peer schools. 6720342 STUDENT SERVICE SUPPORT -OTHER EXPENDITURES TO SUPPORT THE OPERATION OF OFFICES DEDICATED TO STUDENT SERVICE ACTIVITIES. 2730372 STUDENT ATHLETES & PROGRAMS - AS A MEMBER OF THE CENTRAL ATHLETIC COLLEGIATE CONFERENCE, GEORGIAN COURT UNIVERSITY FIELDS 204 ATHLETES IN NCAA DIVISION II SPORTS, INCLUDING BASKETBALL, CROSS COUNTRY, LACROSSE, SOCCER, SOFTBALL, VOLLEYBALL, TENNIS, AND BOTH INDOOR AND OUTDOOR TRACK & FIELD. IN 2015, THE UNIVERSITY ALSO DECIDED TO ADD MEN'S LACROSSE, EFFECTIVE SPRING 2016. THE GCU ATHLETICS PROGRAM IS DISTINGUISHED BY ITS COMMITMENT TO BUILDING WELL-ROUNDED ATHLETES WHO ACHIEVE ON THE FIELD AND IN THE CLASSROOM. IN KEEPING WITH THEIR PEERS NATIONALLY, GCU STUDENT-ATHLETES CULTIVATE LEADERSHIP SKILLS IN THEIR INDIVIDUAL SPORTS AND IN THEIR CLASSROOM AND COMMUNITY INVOLVEMENT. THE TEAMS ARE VERY ACTIVE IN COMMUNITY SERVICE THROUGH THE SUSAN B. KOMEN WALK FOR THE CURE, CANCER RESEARCH PROGRAMS, TEAM IMPACT, MAKE-A-WISH FOUNDATION, AND NATIONAL GIRLS AND WOMEN IN SPORTS DAY. THEY ALSO ACHIEVE IN THE CLASSROOM: IN 2014-2015, THE GCU LIONS ATHLETIC PROGRAM RECEIVED THE NCAA'S PRESIDENT'S AWARD FOR ACADEMIC EXCELLENCE, BASED ON THE ACADEMIC SUCCESS RATE (92 PERCENT) OF GCU STUDENT-ATHLETES WHO GRADUATE WITHIN SIX YEARS. 43733808 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 true false false false false true true true false false true 135 0 true 1006 true true true false false false false true true false false false false X 35 35 false false false false false true true true true false false true true true true true true true true false AK KY MD MA MI NH NJ NY OK OR PA TN X John Sommer VP Finance Ad 7329872416 900 Lakewood Avenue Lakewood NJ 08701 X Lesa Lardieri-Wright Board Chair 1.0 0.0 X 0 0 0 John W Seazholtz 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 Individual Trustee 1.0 0.0 X 0 0 0 Joseph G DiCorcia Esq Individual Trustee 1.0 0.0 X 0 0 0 Elizabeth Fontenelli Individual Trustee 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 Reverend Paul A Holmes Trustee Emeritus 1.0 0.0 X 0 0 0 James J Knipper Individual Trustee 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 E Lawson Individual Trustee 1.0 0.0 X 0 0 0 Steven G Littleson Individual Trustee 1.0 0.0 X 0 0 0 John K Lloyd Individual Trustee 1.0 0.0 X 0 0 0 Amelia A McTamaney Individual Trustee 1.0 0.0 X 0 0 0 Mary Meehan PhD 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 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 Judge Eugene D Serpentelli Individual Trustee 1.0 0.0 X 0 0 0 Peter R 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 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 Sister Rosemary Jeffries President 35.0 0.0 X X 0 0 0 RAYMOND F SHEA JR ESQ Individual trustee 1.0 0.0 X 0 0 0 Evelyn Saul Quinn VP for Mission(was Provost) 35.0 0.0 X 144406 0 26684 WILLIAM Behre Provost 35.0 0.0 X 138768 0 30406 John Sommer start 81114 VP Finance & Administration 35.0 0.0 X 55104 0 3992 John McAuliffe VP for Enrollment 35.0 0.0 X 131232 0 29577 Lisa Kuhnle-Biagas Special Asst. to the President 35.0 0.0 X 128951 0 8283 Mellissia Zanjani VP for Institutional Advanceme 35.0 0.0 X 133280 0 35540 LYNN DECAPUA Dean School of Education 35.0 0.0 X 122351 0 15387 Rita Kipp Dean School Of Arts & Science 35.0 0.0 X 119806 0 15769 JAMES CARROLL Professor School of Business 35.0 0.0 X 113575 0 5906 Steve Carol Chief Information Officer 35.0 0.0 X 109177 0 20605 Maureen Ryan-Hoffman Asst VP for Finance/Controller 35.0 0.0 X 105670 0 34748 Joseph F Gower Former Officer 35.0 0.0 X 103241 0 17267 1405561 0 244164 21 true true false ELLUCIAN COMPANY LP 4 COUNTRY VIEW ROAD MALVERN PA 19355 Management Services 1075561 CKW ASSOCIATES INC 157 FOX ROAD MEDIA PA 19063 Contractors 997945 COGNITIVE MARKETING INC 46 PRINCE STREET ROCHESTER NY 14607 Consulting 397028 WANK ADAMS SLAVIN ASSOCIATES LLP 740 BROADWAY FLOOR 4 NEW YORK NY 10003 Contractors 276428 MP CONSULTING SERVICES LLC 366 DERRINGER DRIVE HOWELL NJ 07731 Consulting 205395 9 114354 903498 2027557 180045 3045409 TUITION AND FEES 900099 50113670 50113670 RESIDENCE HALLS AND DINING SERVICES 900099 4335452 4335452 BOOKSTORE COMMISSION 900099 70061 70061 54519183 2994726 3298 2991428 0 0 287330 22487 287330 22487 309817 309817 10502424 32932 9249491 18196 1252933 14736 1267669 1267669 43065 114354 46287 -3222 -3222 9750 4875 4875 4875 0 OTHER STUDENT ACTIVITIES/MISCELLANEOUS 900099 359704 359704 CATERING 900099 214791 214791 LEADERSHIP TRAINING 900099 127863 127863 29000 29000 731358 62869815 55035750 527906 4260750 1250 1250 15714401 15714401 592405 592405 0 909040 283647 453548 171845 67623 67623 19140527 14843853 3616162 680512 868773 615521 221186 32066 3371099 2275705 976894 118500 1738743 1308572 359182 70989 59000 59000 77718 77718 120350 120350 26298 26298 18397 18397 272720 272720 784818 339159 408511 37148 750931 159852 583084 7995 1066139 812618 159097 94424 2041769 1430717 515586 95466 0 1412897 254115 1158782 387223 323804 35286 28133 0 162839 119989 34678 8172 1732995 1732995 0 3000260 2968427 31833 974644 74317 900327 Dining hall 1608714 1608714 Equipment R&M 1093056 226223 864739 2094 Student program services 913759 861219 28718 23822 Bad debt expense 865515 865515 2483273 1761104 263117 459052 62257176 43733808 16642920 1880448 0 0 5384864 3162055 860955 1317654 2093091 2003074 0 0 0 0 17842 12908 4135 810 92127 250832 103535644 42748480 61559643 60787164 44292764 44815064 10252456 10071861 0 0 0 0 497925 527071 125055802 122948493 4459814 4500683 130272 135171 188081 177100 26442661 25645818 0 0 0 0 846484 724871 0 0 1146752 1267551 33214064 32451194 X 68889827 66487180 10247793 10554633 12704118 13455486 91841738 90497299 125055802 122948493 X 612639 -1974566 17488 X false true X true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false true false false false false true 1901 false true 24397 26298 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, 2015, were $36,794. The firm expended 50 percent of effort on lobbying and 50 percent on grant-writing assistance. In addition, the university secured the services of Komjathy Stewart ($6,000) for state lobbying activities. University personnel and students, during the course of various activities throughout the year, met with legislators to discuss education-related topics. The amount of time spent is not material. 52512250 765004 2003320 1987463 53293111 47208069 313523 6729435 1738777 52512250 43085315 105194 5738609 1721049 47208069 44363193 186376 207094 1671348 43085315 37753402 145999 7873124 1409332 44363193 0.59817 0.25248 0.14935 false true true 4457947 4457947 76813361 24844834 51968527 1879219 1783870 95349 17212905 14795552 2417353 3172212 1324224 1847988 60787164 HEDGE FUND 163965 F INVESTMENTS HELD BY TRUSTEE 2474960 F PRIVATE EQUITY FUNDS 1654247 F STRUCTURED CREDIT FUNDS 1841984 F SPECIAL SITUATIONS FUNDS 1704868 F PERPETUAL TRUSTS 681837 F CORE PROPERTIES FUNDS 1550000 F 10071861 0 OTHER LIABILITIES 205659 CONDITIONAL ASSET RETIREMENT 931070 ANNUITY PAYMENT LIABILITY 130822 1267551 X 44333211 -1974566 17488 -1957078 46290289 272720 16306806 16579526 62869815 45677650 45677650 272720 16306806 16579526 62257176 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, 2015 and 2014. RECONCILIATION OF REVENUE FORM 990, SCHEDULE D, PART XI, LINE 2D SPLIT INTEREST AGREEMENTS/LIFE INS SURRENDER VALUE $17,488 FORM 990, SCHEDULE D, PART XI, LINE 4B SCHOLARSHIP EXPENSE (RECLASS) $ 16,306,806 RECONCILIATION OF EXPENSES FORM 990, SCHEDULE D, PART XII, LINE 4B SCHOLARSHIP EXPENSE (RECLASS) $ 16,306,806 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 50344 East Asia and the Pacific Grantmaking 83297 North America Grantmaking 22332 South America Grantmaking 49500 Middle East and North Africa Grantmaking 40162 Europe (Including Iceland and Greenland) Grantmaking 346770 592405 592405 FINANCIAL AID East Asia and the Pacific 3 83297 Credit Acct N/A N/A FINANCIAL AID North America 1 22332 Credit Acct N/A N/A FINANCIAL AID Europe (Including Iceland and Greenland) 11 346770 Credit Acct N/A N/A FINANCIAL AID South America 2 49500 Credit Acct N/A N/A FINANCIAL AID Middle East and North Africa 1 40162 Credit Acct N/A N/A FINANCIAL AID Sub-Saharan Africa 2 50344 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 18397 18397 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 2015 157419 114354 43065 46287 0 157419 114354 43065 46287 46287 -3222 900 LAKEWOOD AVENUE LAKEWOOD NJ 08701 true Institutional Grant Aid 2264 15714401 MONITORING OF FUNDS Part I Line 2 THE UNIVERSITY GRANTS LISTED ON SCHEDULE I REPRESENT SCHOLARSHIPS 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 true false false false false false false false false Evelyn Saul Quinn VP for Mission(was Provost) 144406 0 0 0 0 0 8104 0 18580 0 171090 0 0 0 WILLIAM Behre Provost 138768 0 0 0 0 0 8201 0 22205 0 169174 0 0 0 John McAuliffe VP for Enrollment 84640 0 0 0 46592 0 4814 0 24763 0 160809 0 0 0 Mellissia Zanjani VP for Institutional Advanceme 133280 0 0 0 0 0 7806 0 27734 0 168820 0 0 0 Joseph F Gower Former Officer 103241 0 0 0 0 0 5164 0 12103 0 120508 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. FORM 990, SCH J, PART I, LINE 4A JOHN MCAULIFFE WAS PAID A SEVERANCE OF $46,592 ON 2014. AMOUNT IS REFLECTED ON SCH. J, PART II, COLUMN III. 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 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 Facilities Auth ELF 2014B 221829511 6460658J4 2014-01-30 8131497 Purchase of Scientific Equipment false false true A 3067621 0 27196077 0 0 0 443446 0 0 11220886 15531745 0 2007 false true true true B 409582 0 803604 0 0 0 6607 6582 0 0 790415 0 2005 false true true true C 434595 0 1050000 0 0 0 0 0 0 1050000 0 0 2007 false false true true D 564790 0 686040 0 0 0 4621 0 0 681419 0 0 2016 false false 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 AND DO NOT GENERATE UBI. PART IV, LINE 2C: THE LAST COMPUTATION WAS DONE 06/30/2015. 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, EQUIPMENT LEASING FUND PROJECT REVENUE BONDS, SERIES 2014 B: ON JANUARY 1, 2014 THE NEW JERSEY EDUCATIONAL FACILITIES AUTHORITY ISSUED BONDS FOR THE PURPOSE OF FUNDING THE HIGHER EDUCATION EQUIPMENT LEASING FUND. THE PROCEEDS FROM THE ISSUE WERE ALLOCATED TO NEW JERSEY INSTITUTIONS FOR THE PURPOSE OF FINANCING HIGHER EDUCATION EQUIPMENT. PART II, LINE 3: BOND 2014B 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 08/18/2015 BOND E - 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. A new jersey educational fac auth 2014D 221829511 646066DG2 2014-04-29 19369367 REFUND 2004 ISSUE false false true A 519229 0 944442 0 0 0 5526 0 0 751266 187650 0 false true true true A false false false false 0 false false false true A false true false false 0 false 0 false true A true ERIN QUINN CRITCHETT BONCZEK SEE PART V 55502 EMPLOYEE COMPENSATION false CAITLIN PITTENGER SEE PART V 12660 EMPLOYEE COMPENSATION false FORM 990, PART VI ERIN QUINN CRITCHETT BONCZEK AND CAITLIN PITTENGER ARE EMPLOYED BY THE UNIVERSITY AND FAMILY MEMBERS OF EVELYN SAUL QUINN, PROVOST. X 11047 MARKET VALUE X 168998 PROJ FMV OF TRUSTS 0 false true false 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 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 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 2014 TOTALED $617,210 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 AN INDEPENDENT MEMBER OF THE GOVERNING BODY FOR PURPOSES OF PART VI OF THE FORM 990. FORM 990, PART XI, LINE 9 Split interest agreements/life ins surrender value 17,488 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 13000 258961 1.00000 true Peter Delaurentis Perpetual Scholarship 400 Locust Street Lakewood NJ 08701 226640205 Trust NJ NA Trust 16000 422876 1.00000 true false true false false false false false false false false false false true false false false true false true