2016-02-15T00:00:00-06:00 2015-06-30 111986323 MARCUM LLP CITY PLACE II 185 ASYLUM STREET HARTFORD CT 06103 990 2014-07-01 060646936 UNIVERSITY OF BRIDGEPORT UNIV 2035764690 126 PARK AVE WAHLSTROM LIBRARY7TH BRIDGEPORT CT 06604 SUSAN WILLIAMS VP-ADMIN & FINANCE 2035764690 2016-02-16 1 DOUGLAS FARRINGTON P00370668 8607600600 2014 2016-08-17 19:52:53Z SUSAN WILLIAMS 126 PARK AVE WAHLSTROM LIBRARY7TH BRIDGEPORT CT 06604 140369705 0 X HTTP://WWW.BRIDGEPORT.EDU X 1927 CT THE UNIVERSITY OF BRIDGEPORT (THE UNIVERSITY) OFFERS CAREER ORIENTED UNDERGRADUATE, GRADUATE, AND PROFESSIONAL DEGREES AND PROGRAMS FOR PEOPLE SEEKING PERSONAL AND PROFESSIONAL GROWTH. THE UNIVERSITY PROMOTES ACADEMIC EXCELLENCE, PERSONAL RESPONSIBILITY, AND COMMITMENT TO SERVICE. DISTINCTIVE CURRICULA IN AN INTERNATIONAL, CULTURALLY DIVERSE, SUPPORTIVE LEARNING ENVIRONMENT PREPARE GRADUATES FOR LIFE AND LEADERSHIP IN AN INCREASINGLY INTERCONNECTED WORLD. THE UNIVERSITY IS INDEPENDENT AND NON-SECTARIAN. 30 27 2050 0 36524 18804 1914092 2316892 115586618 128308253 1456187 1293527 1397710 1301449 120354607 133220121 33781323 38051120 0 0 43378378 46935405 0 0 2236126 40598464 44198835 117758165 129185360 2596442 4034761 119141773 149428028 56233976 84286153 62907797 65141875 X THE UNIVERSITY OF BRIDGEPORT (THE UNIVERSITY) OFFERS CAREER ORIENTED UNDERGRADUATE, GRADUATE, AND PROFESSIONAL DEGREES AND PROGRAMS FOR PEOPLE SEEKING PERSONAL AND PROFESSIONAL GROWTH. THE UNIVERSITY PROMOTES ACADEMIC EXCELLENCE, PERSONAL RESPONSIBILITY, AND COMMITMENT TO SERVICE. DISTINCTIVE CURRICULA IN AN INTERNATIONAL, CULTURALLY DIVERSE, SUPPORTIVE LEARNING ENVIRONMENT PREPARE GRADUATES FOR LIFE AND LEADERSHIP IN AN INCREASINGLY INTERCONNECTED WORLD. THE UNIVERSITY IS INDEPENDENT AND NON-SECTARIAN. 0 0 109261947 38051120 128552272 THE ORGANIZATION IS AN INDEPENDENT AND NONSECETARIAN INTERNATIONAL ACADEMIC INSTITUTION. THERE WERE APPROXIMATELY 5,191 STUDENTS FROM 42 STATES, 3 U.S. TERRITORIES AND 75 COUNTRIES ENROLLED FOR THE YEAR ENDED JUNE 30, 2015. 109261947 1 1 0 1 0 0 1 1 0 1 1 0 0 1 1 1 1 0 1 1 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 1 86 0 1 2050 1 1 1 0 0 0 0 1 1 0 0 0 0 X 30 27 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CT X X THOMAS DEBRIZZI JRU OF BRIDGEPORT 2035764690 126 PARK AVE WALHSTROM LIBRARY BRIDGEPORT CT 066012449 MERRILL J FORGOTSON TRUSTEE 1.00 X 0 0 0 ARTHUR E LANDI TRUSTEE 1.00 X 0 0 0 GORDON L ANDERSON PHD SECRETARY 1.00 X X 0 0 0 ROBERT L BERCHEM ESQ TRUSTEE 1.00 X 0 0 0 ABRAHAM I GORDON ESQ TRUSTEE 1.00 X 0 0 0 PHILLIP V SANCHEZ TRUSTEE 1.00 X 0 0 0 S GEORGE SANTA TRUSTEE 1.00 X 0 0 0 MARK A FRIES CO-VICE CHAIR 1.00 X X 0 0 0 ERNEST C TREFZ TRUSTEE 1.00 X 0 0 0 MARTIN F WOLF ESQ TRUSTEE 1.00 X 0 0 0 FRANK N ZULLO ESQ CO-CHAIR 1.00 X X 0 0 0 CHANG SHIK YANG DM TRUSTEE 1.00 X 0 0 0 NICHOLAS A PANUZIO TRUSTEE 1.00 X 0 0 0 JOSEPH VITTORIA TRUSTEE 1.00 X 0 0 0 DOUGLAS DM JOO CO-CHAIR 1.00 X X 0 0 0 FRANK I GROW III TRUSTEE 1.00 X 0 0 0 PHILLIP G SOAIVAN TRUSTEE 1.00 X 0 0 0 PIERRE TARDY TRUSTEE 1.00 X 0 0 0 MRS HENRY B DUPONT III TRUSTEE 1.00 X 0 0 0 NICHOLAS N KITTRIE SJD TRUSTEE 1.00 X 0 0 0 NORGE W JEROME PHD CO-VICE CHAIR 1.00 X X 0 0 0 PAUL ANTINOZZI TRUSTEE 1.00 X 0 0 0 THE HONORABLE MARJORIE BUESSING TRUSTEE 1.00 X 0 0 0 DAVID D'ADDARIO TRUSTEE 1.00 X 0 0 0 THOMAS O'HARA TRUSTEE 1.00 X 0 0 0 SHINTARO AKATSU TRUSTEE 1.00 X 0 0 0 SARA TOWE HORSFALL TRUSTEE 1.00 X 0 0 0 BARBARA A JAMES TRUSTEE 1.00 X 0 0 0 ARNOLD H LEMA TRUSTEE 1.00 X 0 0 0 CAROL RITTNER TRUSTEE 1.00 X 0 0 0 LOUISE SANDBERG TRUSTEE 1.00 X 0 0 0 LAMBERT C SHELL SR TRUSTEE 1.00 X 0 0 0 KATHERINE J WOJCIK TRUSTEE 1.00 X 0 0 0 DEVANG C PATEL TRUSTEE 1.00 X 0 0 0 BRUCE L GRAHAM TRUSTEE 1.00 X 0 0 0 DIANE ALLISON ESQ TRUSTEE 1.00 X 0 0 0 NEIL A SALONEN PRESIDENT 35.00 X 262554 0 169931 SUSAN D WILLIAMS PHD VP ADMIN/FIN 35.00 X 251742 0 34634 HANS VAN DER GIESSEN PROVOST 35.00 X 185312 0 16950 CAROLYN R LINSEY IN HOUSE COUNSEL 35.00 X 126471 0 11091 TAREK M SOBH VP GRAD STUDIES & RESEARCH 35.00 X 299983 0 47273 FAUD AZIZ AVP GLOBAL LEARNING INITI 35.00 X 171756 0 31432 LLOYD GIBSON DEAN SCHOOL OF BUSINESS 35.00 X 168720 0 23396 DAVID BRADY VP HLTH SCI & DIR 35.00 X 172827 0 27000 STEPHEN HEALEY ASSOCIATE PROVOST 35.00 X 175690 0 9600 1815055 0 371307 34 0 1 0 SODEXO OPERATIONS PO BOX 360170 PITTSBURGH PA 152516000 CAMPUS FOOD SERVICE 5382537 DTZ-UGLUNICCO 275 GROVE ST SUITE 3-200 AUBURNDALE MA 024662274 BUILDING & GROUNDS MAINTENANCE 2201343 SECURITAS SECURITY 2400 COMMERCE AVE BLDG 1100 SUITE 5 DULUTH GA 30096 SECURITY SERVICE 1671603 CONTROLLED AIR 21 THOMPSON ROAD BRANFORD CT 06405 BUILDING/CONSTRUCTION 1115476 TRI STATE 1157 CONGRESS STREET FAIRFIELD CT 06825 BUILDING/CONSTRUCTION 1006540 59 1286582 1030310 14544 2316892 TUITION AND FEES 611310 114313292 114313292 RESIDENCE & MEALS 721000 13216640 13216640 OTHER PROGRAM FEES & REVENUES 611710 778321 778321 128308253 624218 624218 24461 24461 902754 0 902754 902754 902754 7781808 7112499 669309 669309 669309 123383 37085 86298 86298 MISCELLANEOUS 900099 271047 234523 36524 REBATES, REFUNDS & REIMBURSEMENTS 900099 9694 9694 SETTLEMENT 900099 7195 7195 287936 133220121 128552470 36524 2314235 5000 5000 38046120 38046120 1017168 1017168 36602161 30897587 4535129 1169445 1581281 1334834 195925 50522 5081410 3209427 1722763 149220 2653385 2184155 386562 82668 227737 227737 143233 140787 2446 11929 11929 129294 129294 9996555 7940200 1936055 120300 1937817 1843240 43024 51553 3817910 2059230 1453137 305543 1609667 1139756 441050 28861 11513986 10017168 1381678 115140 1680214 1159301 498593 22320 775312 630680 125368 19264 1717641 13788 1703724 129 5327630 4635039 639315 53276 368694 67390 301304 BAD DEBT EXPENSE 1659233 1659233 STUDENT ACTIVITIES 747422 747422 STUDENT TEACHING 712930 712930 UBI TAXES 3907 3907 1817724 959447 792838 65439 129185360 109261947 17687287 2236126 2351 2349 8692987 11195849 77323 207139 5796722 7515606 4382943 4044997 166930 292662 954930 690952 164981312 87726720 71710984 77254592 24647763 25948161 2708840 22275721 119141773 149428028 9900183 12956724 4452069 4546655 707498 806944 40274196 64494558 385056 305368 514974 1175904 56233976 84286153 X 53900887 56802679 8453170 7785456 553740 553740 62907797 65141875 119141773 149428028 X 4034761 -345626 -1455057 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 1 11929 0 0 11929 0 PART II-B, LINE 1: THE UNIVERSITY OF BRIDGEPORT CONTRIBUTED TO THE CNPA LEGISLATION ACTION FUND. THIS FUND PAYS LOBBYISTS AND LEGAL COUNSEL TO RAISE NATUROPATHIC MEDICINE AWARENESS THROUGH A GRASSROOT EFFORT. X 1 0.74 1 1 0 1 0 10.00 0 1 64500 X X 0 0 31450937 963639 826437 129292 33111721 24894275 4378386 2288003 109727 31450937 21785893 1624363 1537258 53239 24894275 17639450 3877968 316908 48434 21785893 10672982 6585096 402800 21428 17639450 0.72840 0.01590 0.25570 0 0 4505708 4505708 112832837 55738648 57094189 43363088 31884366 11478722 4279679 103706 4175973 77254592 OTHER ASSETS 64500 FUNDS HELD BY TRUSTEE 21214214 DEFERRED FINANCING FEES 997007 22275721 ACCRUED RETIREMENT BENEFITS 505594 CAPITAL LEASES 670310 1175904 X 94736166 -345626 -38175414 -38521040 133257206 -37085 -37085 133220121 91047031 37085 37085 91009946 129294 38046120 38175414 129185360 PART II, LINE 9: THE UNIVERSITY OF BRIDGEPORT PRESERVES A HISTORIC STRUCTURE. NOTHING IS REPORTED ON THE BALANCE SHEET OR IN THE REVENUE AND EXPENSE STATEMENT. PART III, LINE 4: ARTWORK CONSISTS OF VARIOUS LITHOGRAPHS, SERIGRAPHS, ETCHINGS, OIL PAINTINGS AND SCREEN PRINTS. THE UNIVERSITY OFFERS A GRAPHIC DESIGN DEGREE PROGRAM ALONG WITH AN INDUSTRIAL AND INTERIOR DESIGN MAJOR LEADING TO A BACHELOR'S DEGREE. THE UNIVERSITY ALSO OFFERS A FASHION MERCHANDISING 2 YEAR PROGRAM. STUDENTS WORKS OF ART ARE SHOWN ON DISPLAY ALONG WITH THE ABOVE PIECES THAT THE UNIVERSITY OWNS. PART V, LINE 4: ENDOWMENT FUND REVENUE IS USED FOR GENERAL OPERATING SUPPORT UNLESS IT IS RESTRICTED BY THE DONOR FOR A SPECIFIC PURPOSE. PART X, LINE 2: THE UNIVERSITY IS GENERALLY EXEMPT FROM INCOME TAXES UNDER INTERNAL REVENUE CODE, SECTION 501(A), AS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3). THE UNIVERSITY ACCOUNTS FOR UNCERTAINTY IN INCOME TAXES USING A TWO-STEP APPROACH TO RECOGNIZING AND MEASURING UNCERTAIN TAX POSITIONS. THE FIRST STEP IS TO EVALUATE THE TAX POSITION FOR RECOGNITION BY DETERMINING IF THE WEIGHT OF AVAILABLE EVIDENCE INDICATES THAT IT IS MORE LIKELY THAN NOT THAT THE POSITION WILL BE SUSTAINED ON AUDIT, INCLUDING RESOLUTION OF RELATED APPEALS OR LITIGATION PROCESSES, IF ANY. THE SECOND STEP IS TO MEASURE THE TAX BENEFIT AS THE LARGEST AMOUNT THAT IS MORE THAN 50% LIKELY OF BEING REALIZED UPON SETTLEMENT. THE UNIVERSITY CLASSIFIES THE LIABILITY FOR UNRECOGNIZED TAX BENEFITS AS CURRENT TO THE EXTENT THAT THE UNIVERSITY ANTICIPATES PAYMENT (OR RECEIPT) OF CASH WITHIN ONE YEAR. INTEREST AND PENALTIES RELATED TO UNCERTAIN TAX POSITIONS ARE RECOGNIZED AND RECORDED AS NECESSARY IN THE PROVISION FOR INCOME TAXES. FEDERAL TAX YEARS ENDED JUNE 30, 2012 THROUGH 2015 REMAIN OPEN FOR AUDIT UNDER THE VARIOUS STATUTES OF LIMITATIONS. THE UNIVERSITY ASSESSED UNCERTAIN TAX POSITIONS AND HAS DETERMINED THAT THERE WERE NO SUCH POSITIONS THAT HAVE A MATERIAL EFFECT ON THE FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: INVESTMENT EXPENSES -129,294. GRANTS -38,046,120. PART XI, LINE 4B - OTHER ADJUSTMENTS: GOLF TOURNAMENT EXPENSES -37,085. PART XII, LINE 2D - OTHER ADJUSTMENTS: GOLF TOURNAMENT EXPENSES 37,085. PART XII, LINE 4B - OTHER ADJUSTMENTS: GRANTS 38,046,120. 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 FOLLOWING POLICY APPEARS ON THE UNIVERSITY OF BRIDGEPORT'S WEBSITE, ADMISSION APPLICATIONS AND CATALOG. THE UNIVERSITY OF BRIDGEPORT DOES NOT DISCRIMINATE ON THE BASIS OF RACE,COLOR,NATIONAL ORIGIN,RELIGION,AGE,SEX,GENDER,SEXUAL ORIENTATION,DISABILITY,MARITAL STATUS,GENETIC INFORMATION, VETERAN STATUS OR GENDER IDENTITY AND GENDER EXPRESSION. SCHEDULE E, PART I, LINE 6 THE ORGANIZATION RECEIVED THE FOLLOWING GOVERNMENT GRANTS FOR SCHOLARSHIPS AND FINANCIAL AID DURING THE YEAR ENDED JUNE 30, 2015: HRSA - FEDERAL FEDERAL WORK STUDY FEDERAL SUPPLEMENTAL EDUCATION OPPORTUNITY GRANT PELL GRANT - FEDERAL TEACH GRANT - FEDERAL CONNECTICUT INDEPENDENT COLLEGE STUDENT GRANT PROGRAM CAPITOL SCHOLARSHIP PROGRAM - STATE GEAR UP - STATE GOVERNOR'S SCHOLARSHIP ACADEMIC INCENTIVE AWARD GOLF TOURNAMENT 123383 123383 950 33475 2660 123383 123383 950 33475 2660 37085 86298 1 THE BRIDGEPORT REGIONAL BUSINESS COUNCIL 10 MIDDLE STREET BRIDGEPORT CT 06604 060271980 5000 FMV DONATION TOWARDS ECO-PARK PROGRAM 1 SCHOLARSHIPS FOR STUDENTS ATTENDING SCHOOL BASED ON FINANCIAL NEED AND MERIT. 1832 33615507 BOOK STUDENTS AWARDED SCHOLARSHIP BASED ON ATHLETIC ABILITY. 179 4079278 BOOK STUDENTS AWARDED SCHOLARSHIP BASED ON ACADEMIC MERIT. 45 351335 BOOK PART I, LINE 2: EACH GRANT IS ASSIGNED A SEPARATE DEPARTMENT ACCOUNT NUMBER. REPORTS ARE THEN PRINTED WHICH SHOW ALL FUNDS RECEIVED AND DISBURSED. THESE GRANT REPORTS ARE PRINTED ON A MONTHLY BASIS BY THE PERSON RESPONSIBLE FOR THE GRANT. THE ACCOUNTING DEPARTMENT ALSO PRINTS GRANT REPORTS ON A MONTHLY BASIS AS A CHECK THAT DISBURSEMENTS ARE NOT GREATER THAN FUNDS RECEIVED AND THAT FUNDS ARE BEING DISBURSED FOR GRANTS APPROVED. X 1 1 X X X X X 0 1 0 0 0 0 0 0 0 NEIL A SALONEN PRESIDENT 262554 0 0 0 0 0 158576 0 11355 0 432485 0 0 0 SUSAN D WILLIAMS PHD VP ADMIN/FIN 251742 0 0 0 0 0 33500 0 1134 0 286376 0 0 0 HANS VAN DER GIESSEN PROVOST 185312 0 0 0 0 0 11100 0 5850 0 202262 0 0 0 TAREK M SOBH VP GRAD STUDIES & RESEARCH 299983 0 0 0 0 0 30600 0 16673 0 347256 0 0 0 FAUD AZIZ AVP GLOBAL LEARNING INITI 171756 0 0 0 0 0 16750 0 14682 0 203188 0 0 0 LLOYD GIBSON DEAN SCHOOL OF BUSINESS 168720 0 0 0 0 0 10508 0 12888 0 192116 0 0 0 DAVID BRADY VP HLTH SCI & DIR 172827 0 0 0 0 0 10327 0 16673 0 199827 0 0 0 STEPHEN HEALEY ASSOCIATE PROVOST 175690 0 0 0 0 0 9600 0 0 0 185290 0 0 0 PART I, LINE 1B THE PRESIDENT AND CFO ARE REQUIRED TO LIVE ON CAMPUS AND ARE PROVIDED WITH UNIVERSITY OWNED HOUSING WITHOUT HAVING TO PAY RENT AND IS CONSIDERED AS PART OF THEIR COMPENSATION. WITH REGARD TO THE PRESIDENT, HOUSING IS FOR THE CONVENIENCE OF THE UNIVERSITY. WITH REGARD TO THE CFO, THE UNIVERSITY USES THE ADEQUATE RENT CALCULATION UNDER IRS PUBLICATION 525 SO THAT THE CFO CAN COMPUTE THE INCOME TAX ON THE RENT BENEFIT TO THE CFO. PART I, LINE 4B PART I, LINE 4B: NEIL A. SALONEN, TAREK SOBH, SUSAN WILLIAMS, AND FAUD AZIZ - PARTICIPATED IN A NONQUALIFIED RETIREMENT PLAN. A UNIVERSITY OF BRIDGEPORT 060646936 20774UNV3 2010-12-09 30000000 REFINANCE SERIES B CHEFA, REFINANCE MTGE LOAN & INFRASTRUCTURE 0 1 0 B UNIVERSITY OF BRIDGEPORT 060646936 2012-11-02 12000000 ISSUE SERIES C CHEFA FOR INFRASTRUCTURE 0 1 0 C UNIVERSITY OF BRIDGEPORT 060646936 2014-09-30 25000000 ISSUE SERIES E CHEFA FOR INFRASTRUCTURE 0 1 0 A 30000000 496771 7434010 2012 1 0 1 1 B 12000000 240000 11760000 2013 0 0 1 1 C 25000000 330489 3551113 0 0 0 1 A 0 0 0 0 0 0 1 B 0 0 0 0 0 0 1 C 0 0 0 0 0 0 1 A 0 1 1 0 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 S GEORGE SANTA BOARD MEMBER / SANTA ENERGY, INC. 988759 THE UNIVERSITY OF BRIDGEPORT PURCHASED GAS AND HEATING FUEL FROM SANTAENERGY, INC. 0 PAUL ANTINOZZI BOARD MEMBER/ PRESIDENT AT ANTINOZZI ASSOCS. 748635 UNIVERSITY OF BRIDGEPORT ENGAGED ANTINOZZI ASSOCS. TO PROVIDE ARCHITECTURAL SERVICES 0 MARK A FRIES BOARD MEMBER / SR VP AT PEOPLE'S UNITED INSURANCE AGENCY 237389 THE UNIVERSITY OF BRIDGEPORT PURCHASED INSURANCE FROM BEARDSLEY BROWN & BASSETT, INC. (PEOPLE'S UNITED INSURANCE AGENCY) 0 FORM 990, PART VI, SECTION B, LINE 11 A COMPLETED COPY OF FORM 990 IS MADE AVAILABLE TO ALL MEMBERS OF ITS GOVERNING BODY BEFORE FILING. CFO, UPON COMPLETION, REVIEWS RETURN WITH THE PRESIDENT AND UNIVERSITY'S COUNSEL. CONTROLLER REVIEWS FOR FINANCIAL ISSUES. BOARD OF TRUSTEES REVIEWS PRIOR TO ISSUANCE. FORM 990, PART VI, SECTION B, LINE 12C GENERAL COUNSEL DISTRIBUTES POLICY AND DISCLOSURE FORMS TO ALL TRUSTEES. THE TRUSTEES COMPLETE THE DISCLOSURE WHICH IS REVIEWED BY TRUSTEES OR A COMMITTEE THEREOF, AND WHO DECIDE WHETHER A CONFLICT EXISTS AND IF SO WHAT ACTION SHOULD BE TAKEN. FORM 990, PART VI, SECTION B, LINE 15 CFO COLLECTS COMPARABLE COMPENSATION DATA RELATING TO NON-PROFIT UNIVERSITIES IN CT. THE BOARD OF TRUSTEES COMPENSATION COMMITTEE USES THE DATA TO DETERMINE THE COMPENSATION FOR THE CEO AND PRINCIPAL UNIVERSITY OFFICERS. MINUTES OF THE COMMITTEE ACTIVITIES ARE MAINTAINED. THE CEO AND PRINCIPAL UNIVERSITY OFFICERS DETERMINE THE COMPENSATION FOR THE OTHER OFFICERS AND KEY EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 18 THE ORGANIZATION MAKES AVAILABLE ITS FORMS 990 AND 990-T UPON REQUEST. THE FORM 990 IS ALSO AVAILABLE ON GUIDESTAR. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES AVAILABLE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS FOR PUBLIC INSPECTION UPON REQUEST, AT ITS ADMINISTRATIVE OFFICES IN BRIDGEPORT, CONNECTICUT. FORM 990, PART XI, LINE 9: CHANGE IN FAIR VALUE OF INTEREST RATE SWAPS -1,455,057. FORM 990, PART XI, LINE 2C: USED SAME PROCESS AS PRIOR YEAR.