2015-04-22T17:12:06-05:00 2014-06-30 WithumSmithBrown PC 465 South St Ste 200 Morristown NJ 079606497 990 2013-07-01 221508627 SAINT PETER'S UNIVERSITY % DENTON L STARGEL SAIN 2017617425 2641 KENNEDY BOULEVARD Suite JERSEY CITY NJ 073065943 DENTON L STARGEL VP FINANCE AND BUSINESS 9738989494 2015-04-22 true Anthony J Panico P00365556 9738989494 2013 2016-02-25 16:41:14Z EUGENE J CORNACCHIA PHD 2641 KENNEDY BOULEVARD JERSEY CITY NJ 073065943 100908434 false X WWW.SAINTPETERS.EDU X 1872 NJ SAINT PETER'S UNIVERSITY EDUCATES A DIVERSE COMMUNITY OF LEARNERS IN UNDERGRADUATE, GRADUATE AND PROFESSIONAL PROGRAMS TO EXCEL, LEAD, SERVE AND PROMOTE. 30 27 1442 0 21025 7531544 8550185 81384342 88897639 2556420 2579053 1158944 264149 92631250 100291026 27937770 31833410 0 0 31784118 33369541 114425 137386 2648303 31029941 34749411 90866254 100089748 1764996 201278 133147111 137515638 97860489 91954271 35286622 45561367 X SAINT PETER'S UNIVERSITY, INSPIRED BY ITS JESUIT, CATHOLIC IDENTITY, COMMITMENT TO INDIVIDUAL ATTENTION AND GROUNDING IN THE LIBERAL ARTS, EDUCATES A DIVERSE COMMUNITY OF LEARNERS IN UNDERGRADUATE, GRADUATE AND PROFESSIONAL PROGRAMS TO EXCEL INTELLECTUALLY, LEAD ETHICALLY, SERVE COMPASSIONATELY AND PROMOTE JUSTICE IN OUR EVER-CHANGING URBAN AND GLOBAL ENVIRONMENT. false false 57482252 31833410 78962263 INSTRUCTION AND ACADEMIC SUPPORT - THE UNIVERSITY PROVIDES ACCREDITED COURSES AND OTHER RELATED SERVICES TO APPROXIMATELY 2,900 STUDENTS, INCLUDING BOTH DAY AND EVENING SESSIONS, FOR FULL-TIME OR PART-TIME UNDERGRADUATE (48 PROGRAMS) AND SEVERAL GRADUATE STUDY PROGRAMS. FINANCIAL AID IS AWARDED TO STUDENTS FROM INSTITUTIONAL SOURCES BASED ON ACADEMIC ACHIEVEMENT, ATHLETIC ABILITY AND NEED. 22548748 0 9823253 STUDENT SERVICES - INCLUDES ENROLLMENT SERVICES, REGISTRAR, HEALTH AND COUNSELING PROGRAMS, FINANCIAL AID, CAMPUS MINISTRY, STUDENT CLUBS AND ORGANIZATIONS, INTERCOLLEGIATE AND INTRAMURAL SPORTS AND ACTIVITIES, AND STUDENT HOUSING. 3094511 0 133148 SPONSORED PROGRAMS - INCLUDES VARIOUS PRIVATE PROGRAMS FOR THE BENEFIT OF THE STUDENT BODY, SUCH AS ACADEMIC ENRICHMENT, ACADEMIC CHAIRS, CAPITAL CAMPAIGN, AND VARIOUS ENDOWED SCHOLARSHIPS. 83125511 true true false false false false false true true true true false true true true true false true true false false false false true true false false false true true true false false false false false false false false true true false false false false true true true true false false true 224 0 true 1442 true true true false false false false true true false false false false X 30 27 false false true false false false false true false false false true true true true true true true true false X DENTON L STARGEL 2017617425 2641 KENNEDY BOULEVARD JERSEY CITY NJ 073065943 X THOMAS P MAC MAHON CHAIR - TRUSTEE 1.0 X X 0 0 0 FRANCIS A MCGRAIL VICE CHAIR - TRUSTEE 1.0 X X 0 0 0 CAROL B BASTEK EDD TRUSTEE 1.0 X 0 0 0 SAMANA BHATTA TRUSTEE 1.0 X 0 0 0 GLORIA BONILLA-SANTIAGO PHD TRUSTEE 1.0 X 0 0 0 THOMAS D CARVER ESQ TRUSTEE 1.0 X 0 0 0 BERNARD W CICIRELLI JR TRUSTEE 1.0 X 0 0 0 ANNETTE D CORBIN TRUSTEE 1.0 X 0 0 0 EUGENE J CORNACCHIA PHD EX-OFFICIO TRUSTEE - PRESIDENT 55.0 X X 331570 0 91053 ROBERT A CUTRO TRUSTEE 1.0 X 0 0 0 ALFA DEMMELLASH TRUSTEE 1.0 X 0 0 0 FRANCIS FEKETE CPA TRUSTEE 1.0 X 0 0 0 ROBERT J GOLDSTEIN TRUSTEE 1.0 X 0 0 0 JOSEPH GROMEK TRUSTEE 1.0 X 0 0 0 MARK G KAHRER TRUSTEE 1.0 X 0 0 0 ROBERT G LAHITA MD PHD TRUSTEE 1.0 X 0 0 0 RICHARD P LIBRETTI TRUSTEE 1.0 X 0 0 0 KATHLEEN M MCKENNA ESQ TRUSTEE 1.0 X 0 0 0 PAMELA T MILLER TRUSTEE 1.0 X 0 0 0 SUSAN P MITCHELL-ABBATE TRUSTEE 1.0 X 0 0 0 FRED W NITTING CPA TRUSTEE 1.0 X 0 0 0 JOSEPH A PANEPINTO ESQ TRUSTEE 1.0 X 0 0 0 SHARON A PASTORE TRUSTEE 1.0 X 0 0 0 ANTHONY O PERGOLA ESQ TRUSTEE 1.0 X 0 0 0 MADELINE ROMEU OD TRUSTEE 1.0 X 0 0 0 FAUSTO ROTUNDO CPA TRUSTEE 1.0 X 0 0 0 RALPH R RUSSO TRUSTEE 1.0 X 0 0 0 VINCENT J SULLIVAN SJ TRUSTEE (SEE SCHEDULE O) 55.0 X X 0 0 0 KATHLEEN A TYRRELL ESQ TRUSTEE 1.0 X 0 0 0 ELNARDO J WEBSTER EDD TRUSTEE - GRANT PROJECT DIR. 55.0 X 100008 0 1629 DENTON L STARGEL VP OF FINANCE & BUSINESS 55.0 X 185285 0 17280 MICHAEL A FAZIO VP FOR ADVANCE. & EXT. AFFAIRS 55.0 X 174324 0 5573 JEFFREY HANDLER VP ENROLLMENT MGMT & MARKETING 55.0 X 169613 0 16599 MARYLOU YAM PROVOST/VP FOR ACADEMIC AFF. 55.0 X 157463 0 15993 MICHAEL BRADEN SJ SEE SCH O VP FOR MISSION & MINISTRY 55.0 X 0 0 0 VIRGINIA BENDER SEC/SPECIAL ASST TO PRES 55.0 X 133971 0 8266 JOHN E DUNNE MENS' BASKETBALL COACH 55.0 X 207073 0 13382 LEONARD J SCIORRA SCHUH PROFESSOR 55.0 X 139338 0 6238 GERARD PROTOMASTRO PROFESSOR OF MATHEMATICS 55.0 X 138034 0 6045 JAMES P JACOBSON ASSOC PROFESSOR OF EDUCATION 55.0 X 134537 0 8266 JEROME GILLEN ASSOC PROFESSOR OF HISTORY 55.0 X 125404 0 8266 1996620 0 198590 26 false true false SODEXO INC 9801 Washingtonian Blvd GAITHERSBURG MD 20878 FOOD MANAGEMENT 3339360 ARAMARK 1101 Market Street PHILADELPHIA PA 19107 FACILITIES MGMT 2053037 ELLUCIAN INC 4375 Fair Lakes Court FAIRFAX VA 22033 IT 1908405 GATEWAY SECURITY INC 604-608 MARKET STREET NEWARK NJ 07105 CAMPUS SECURITY 1631092 COLLINS BUILDING SERVICES INC 24-01 44TH ROAD 15TH FLOOR LONG ISLAND CITY NY 11101 CUSTODIAL 1264092 31 X 148975 3213835 5187375 8550185 TUITION AND FEES 900099 78962263 78962263 AUXILIARY ENTERPRISES 900099 9823253 9823253 OTHER PROGRAM RELATED REVENUE 900099 112123 112123 88897639 734225 734225 0 0 518607 254458 264149 0 264149 21025 243124 1242846 864846 262864 1242846 601982 1844828 1844828 100086 148975 100086 0 0 0 0 100291026 88897639 21025 2822177 0 31833410 31833410 0 0 1581577 1385029 196548 0 25056098 21464204 2285105 1306789 562209 455396 63714 43099 4127278 5209317 -1196647 114608 2042379 1489511 460894 91974 757594 303097 435435 19062 507984 507984 139693 139693 0 137386 137386 179642 179642 3813 3813 1117238 913354 24180 179704 1620131 846993 529252 243886 4249660 218481 4020319 10860 0 7838361 6419079 1401989 17293 888708 806379 60562 21767 0 1429993 1050580 185484 193929 2507060 1827368 679692 0 3228994 3767182 -538188 580961 213481 367480 ATHLETICS 895755 895755 0 0 DATABASES & PERIODICALS 280880 280880 CREDIT CARD PROCESSING FEES 152531 152531 BAD DEBT 53456 53456 8316957 5131044 3118328 67585 100089748 83125511 14315934 2648303 X 5490568 2295130 1519568 529924 5173602 4086988 4092151 4101049 0 0 0 0 0 0 0 0 1401460 436473 120697357 62142633 54170651 58554724 0 0 0 0 29704279 35589239 1177748 1037129 30417084 30884982 133147111 137515638 24575507 20788891 0 146266 1878154 2631031 60305155 52047948 0 5070 0 0 4781511 10391685 0 0 6320162 5943380 97860489 91954271 X -15073459 -7027162 28527499 30105996 21832582 22482533 35286622 45561367 133147111 137515638 X 201278 2736126 199703 7137638 X X false true X true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X false true 0 5070 0 5070 true X 28759493 649951 4412972 2769482 31052934 27307304 324591 2638251 1510653 28759493 29017075 339191 -468329 1324052 256581 27307304 25278971 543169 3539534 1180887 200000 -1036288 29017075 22540085 1026798 2981848 984760 285000 25278971 0.08090 0.72400 0.19510 true false 8535542 8535542 83954519 49291536 34662983 1472448 869997 602451 19130939 11626887 7504052 7603909 354213 7249696 58554724 CASH & CASH EQUIVALENTS 1219075 F MONEY MARKET FUNDS 47651 F CORPORATE STOCKS 14216380 F CORPORATE BONDS 1147381 F MUTUAL FUNDS 13860371 F CLOSED END FUNDS 2113047 F US GOVERNMENT SECURITIES 891814 F LIMITED PARTNERSHIPS 2093520 F 35589239 INSURANCE POLICIES 259154 DUE FROM AFFILIATE 29625217 OTHER RECEIVABLES 1000611 30884982 0 ANNUITY PAYMENT OBLIGATIONS 1218954 OBLIGATIONS 551447 INTEREST RATE SWAP AGREEMENTS 4172979 5943380 X SCHEDULE D, PART III; QUESTION 4 THE UNIVERSITY'S COLLECTIONS INCLUDE ART WORKS, PAINTINGS, SCULPTURES, POSTERS, DOCUMENTA AND OTHER ARTIFACTS, AND ARE ALL EMPLOYED IN THE EDUCATION OF STUDENTS ON THE WORLD'S RICH, HISTORICAL AND CULTURAL TRADITIONS. SCHEDULE D, PART IV THIS AMOUNT REPRESENTS TENANT RENT SECURITY DEPOSITS HELD IN ESCROW. SCHEDULE D, PART V THE UNIVERSITY'S ENDOWMENT CONSISTS OF APPROXIMATELY 140 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES. ITS ENDOWMENT INCLUDES BOTH DONOR-RESTRICTED FUNDS AND FUNDS DESIGNATED BY THE BOARD OF TRUSTEES TO FUNCTION AS ENDOWMENTS. AS REQUIRED BY ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA, NET ASSETS ASSOCIATED WITH ENDOWMENT FUNDS, INCLUDING FUNDS DESIGNATED BY THE BOARD OF TRUSTEES TO FUNCTION AS ENDOWMENTS, ARE CLASSIFIED AND REPORTED BASED ON THE EXISTENCE OR ABSENCE OF DONOR-IMPOSED RESTRICTIONS. THE UNIVERSITY'S ENDOWMENT FUNDS ARE USED TO FURTHER ITS EXEMPT PURPOSES BY PROVIDING SCHOLARSHIPS, CONSTRUCTING FACILITIES AND FUNDING THE GENERAL ACTIVITIES AND OPERATIONS OF THE UNIVERSITY. SCHEDULE D, PART X AN INDEPENDENT CPA FIRM AUDITED THE COMBINED FINANCIAL STATEMENTS OF THE UNIVERSITY AND ITS AFFILIATE FOR THE YEARS ENDED JUNE 30, 2014 AND JUNE 30, 2013; RESPECTIVELY, AND ISSUED AUDITED COMBINED FINANCIAL STATEMENTS. THE FOLLOWING IS THE TEXT OF THE FOOTNOTE IN THE ORGANIZATION'S FISCAL YEAR ENDED JUNE 30, 2014 AUDITED COMBINED FINANCIAL STATEMENTS THAT REPORTS THE UNIVERSITY'S LIABILITY FOR UNCERTAIN TAX POSITIONS UNDER FIN 48 (ASC 740): THE UNIVERSITY IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND A SIMILAR PROVISION OF THE NEW JERSEY STATE INCOME TAX LAWS. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN REFLECTED IN THE ACCOMPANYING COMBINED FINANCIAL STATEMENTS. THE UNIVERSITY HAS NO UNRECOGNIZED TAX BENEFITS AT JUNE 30, 2014 AND 2013. THE UNIVERSITY'S FEDERAL AND STATE TAX FILINGS PRIOR TO FISCAL YEAR 2011 ARE CLOSED AND MANAGEMENT CONTINUALLY EVALUATES EXPIRING STATUTES OF LIMITATIONS, AUDITS, PROPOSED SETTLEMENTS, CHANGES IN TAX LAW AND NEW AUTHORITATIVE RULINGS. true true true true true true true false false false false false false false false true false true SCHEDULE E, PART I, QUESTION 3 THE UNIVERSITY'S RACIALLY NONDISCRIMINATORY POLICY IS DESCRIBED IN ALL LITERATURE PUBLISHED FOR GENERAL DISTRIBUTION, WITHIN THE STUDENT HANDBOOK AND ON THE UNIVERSITY'S WEBSITE. SCHEDULE E, PART I, QUESTION 6A THE UNIVERSITY PARTICIPATES IN VARIOUS FEDERAL AND STATE FINANCIAL AID PROGRAMS FOR THE BENEFIT OF STUDENTS WHO ATTEND THE UNIVERSITY. THESE PROGRAMS HAVE STRICT REQUIREMENTS FOR PARTICIPATION AND THE UNIVERSITY IS SUBJECT TO GOVERNMENT PROGRAM REVIEWS COVERING COMPLIANCE WITH LAWS AND REGULATIONS. SPECIFIC AREAS OF REVIEW INCLUDE STUDENT PROGRAM ELIGIBILITY, COORDINATION OF FINANCIAL AID PROGRAMS AND OTHER MATTERS. X X X X X X X true RUFFALO CODY 65 KIRKWOOD NORTH ROAD CEDAR RAPIDS IA 52404 TELEMKTING false 116793 54142 62651 GRAHAM PELTON ASSOCIATES INC 39 BEECHWOOD ROAD SUMMIT NJ 07901 STATEGIC ADVICE false 0 33117 -33117 ROYALL COMPANY 1920 EAST PARHAN ROAD RICHMOND VA 23228 RECRUITMENT false 50127 -50127 116793 137386 -20593 NJ SYMPOSIUM 103700 63950 39750 20599 11651 7500 ALUMNI DINNER 89220 36004 53216 19089 34127 2 56141 49021 7120 7120 249061 148975 100086 19089 20599 52898 7500 100086 SCHEDULE G, PART I; QUESTION 3 THE UNIVERSITY IS IN THE PROCESS OF OBTAINING REGISTRATION WITH SEVERAL ADDITIONAL STATES INCLUDING COLORADO, PENNSYLVANIA, SOUTH CAROLINA, MARYLAND, MINNESOTA AND MASSACHUSETTS. SCHOLARSHIPS 2816 31833410 SCHEDULE I, PART I; QUESTION 2 THE UNIVERSITY PROVIDES SCHOLARSHIPS TO STUDENTS MATRICULATING AT THE UNIVERSITY FOR VARIOUS REASONS INCLUDING, BUT NOT LIMITED TO, ACADEMIC PERFORMANCE, STUDENT INSTITUTIONAL AID AND ATHLETIC. THEREFORE, ALL FUNDS GRANTED ARE USED TO DEFRAY THE COST OF TUITION AND NO FURTHER MONITORING OF THE GRANTS IS REQUIRED. X true true X X X false true false false false false false true false EUGENE J CORNACCHIA PHD EX-OFFICIO TRUSTEE - PRESIDENT 283932 0 25000 0 22638 0 32953 0 58100 0 422623 0 0 0 DENTON L STARGEL VP OF FINANCE & BUSINESS 180285 0 0 0 5000 0 9014 0 8266 0 202565 0 0 0 MICHAEL A FAZIO VP FOR ADVANCE. & EXT. AFFAIRS 139324 0 30000 0 5000 0 5573 0 0 0 179897 0 0 0 JEFFREY HANDLER VP ENROLLMENT MGMT & MARKETING 164217 0 0 0 5396 0 8333 0 8266 0 186212 0 0 0 MARYLOU YAM PROVOST/VP FOR ACADEMIC AFF. 152463 0 0 0 5000 0 7727 0 8266 0 173456 0 0 0 JOHN E DUNNE MENS' BASKETBALL COACH 118473 0 85000 0 3600 0 5924 0 7458 0 220455 0 0 0 PART VII AND SCHEDULE J TAXABLE COMPENSATION REPORTED HEREIN IS DERIVED FROM 2013 FORMS W-2. SCHEDULE J, PART I; QUESTION 1 THE PRESIDENT, EUGENE J. CORNACCHIA, PH.D., RESIDES IN A UNIVERSITY-OWNED PROPERTY AS A CONDITION OF EMPLOYMENT AND FOR THE CONVENIENCE OF THE UNIVERSITY. THE FAIR MARKET VALUE OF THE UNIVERSITY-OWNED PROPERTY AMOUNTED TO $52,230 IN 2013 AND WAS NOT INCLUDED AS TAXABLE WAGES ON THE PRESIDENT'S 2013 FORM W-2. SCHEDULE J, PART I; QUESTION 4B EUGENE J. CORNACCHIA, PH.D., PRESIDENT, PARTICIPATED IN AN INTERNAL REVENUE CODE SECTION 457 NON-QUALIFIED DEFERRED COMPENSATION PLAN. SCHEDULE J, PART I; QUESTION 7 CERTAIN INDIVIDUALS INCLUDED IN SCHEDULE J, PART II RECEIVED A BONUS DURING CALENDAR YEAR 2013 WHICH AMOUNTS WERE INCLUDED IN COLUMN B(II) HEREIN AND IN EACH INDIVIDUAL'S 2013 FORM W-2, BOX 5, AS TAXABLE MEDICARE WAGES. PLEASE REFER TO THIS SECTION OF THE FORM 990, SCHEDULE J FOR THIS INFORMATION BY PERSON BY AMOUNT. A NJ EDUCATIONAL FACILITIES AUTHORITY 221829511 2007-12-28 36053466 REFINANCE EXISTING DEBT & FUND CAP false false false B NJ EDUCATIONAL FACILITIES AUTHORITY 221829511 2008-07-01 5000000 FUND CAPITAL PROJECTS false false false C NJ EDUCATIONAL FACILITIES AUTHORITY 221829511 2011-09-29 24925000 FUND CAPITAL PROJECTS false false false A 1793407 0 36053466 0 0 0 721069 0 0 0 13199047 0 2007 false false true true B 508000 0 5031882 0 0 0 100000 0 184175 4021929 693869 0 2012 false false true true C 5793242 0 24925000 0 1246307 0 504250 0 0 23174443 0 0 2013 false false true true A false false false 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 A true true true CAPITAL ONE BANK 20. false false false 0 false true B true true true CAPITAL ONE BANK 10. false false false 0 false true C true false false 0 false 0 false true A true B true C true PEACOCK PRINTING TRUSTEE - CICIRELLI, JR. 326023 PRINTING SERVICES false ANNA CICIRELLI FAMILY MEMBER - TRUSTEE 83959 EMPLOYEE false SCHEDULE L, PART IV BERNARD W. CICIRELLI, JR. IS A TRUSTEE OF THE UNIVERSITY. THE UNIVERSITY UTILIZED THE SERVICES OF HIS COMPANY, PEACOCK PRINTING. TOTAL FEES PAID TO PEACOCK PRINTING WERE $326,023. SERVICES WERE RENDERED AT FAIR MARKET VALUE RATES PURSUANT TO ARM'S LENGTH NEGOTIATIONS. CORE FORM, PART VI, SECTION A; QUESTION 4 ON MAY 14, 2014 THE UNIVERSITY'S BOARD OF TRUSTEES APPROVED THE RESOLUTION FROM ITS GOVERNANCE SUBCOMMITTEE CLARIFYING FOUR PROCESSES OUTLINED IN THE BY-LAWS INCLUDING: - CLARIFICATION OF THE PROCESS FOR TRUSTEE RESIGNATIONS; - CLARIFICATION OF THE DEFINITION OF "WRITTEN NOTICE" FOR SPECIAL MEETINGS OF THE BOARD; - CLARIFICATION THAT A QUORUM IS SUFFICIENT FOR RESOLUTIONS APPROVED WITHOUT A MEETING; AND - CLARIFICATION OF THE MEMBERSHIP OF THE EXECUTIVE COMMITTEE (TO INCLUDE THE VICE CHAIR). CORE FORM, PART VI, SECTION A; QUESTION 8 The organization's Board of Trustees has several committees that meet on a regular basis. Although there is no formal contemporaneous documentation for these meetings at the committee level, each committee reports directly to the organization's Board of Trustees wherein all discussions at the committee levels are documented in written meeting minutes of the full Board of Trustees. CORE FORM, PART VI, SECTION B; QUESTION 11b THE UNIVERSITY'S FEDERAL FORM 990 WAS PROVIDED TO EACH VOTING MEMBER OF ITS GOVERNING BODY, ITS BOARD OF TRUSTEES, PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE ("IRS"). IN ADDITION, THE UNIVERSITY'S AUDIT COMMITTEE PERFORMED A DETAILED REVIEW OF THE FEDERAL FORM 990. THE UNIVERSITY'S BOARD OF TRUSTEES HAS DELEGATED TO THE AUDIT COMMITTEE THE RESPONSIBILITY TO OVERSEE AND COORDINATE THE FEDERAL FORM 990 PREPARATION, REVIEW AND FILING PROCESS FOR THE UNIVERSITY AND ITS AFFILIATE. AS PART OF THE TAX RETURN PREPARATION PROCESS, THE UNIVERSITY HIRED A PROFESSIONAL CPA FIRM WITH EXPERIENCE AND EXPERTISE IN BOTH EDUCATION AND NOT-FOR-PROFIT TAX RETURN PREPARATION TO PREPARE THE FEDERAL FORM 990. THE CPA FIRM'S TAX PROFESSIONALS WORKED CLOSELY WITH THE UNIVERSITY'S FINANCE PERSONNEL INCLUDING THE VICE PRESIDENT OF FINANCE AND BUSINESS AND CONTROLLER TO OBTAIN THE INFORMATION NEEDED IN ORDER TO PREPARE A COMPLETE AND ACCURATE TAX RETURN. THE CPA FIRM PREPARED A DRAFT FEDERAL FORM 990 AND FURNISHED IT TO THE UNIVERSITY'S FINANCE PERSONNEL FOR REVIEW. THE UNIVERSITY'S FINANCE PERSONNEL REVIEWED THE DRAFT FEDERAL FORM 990 AND DISCUSSED QUESTIONS AND COMMENTS WITH THE CPA FIRM. REVISIONS WERE MADE TO THE DRAFT FEDERAL FORM 990 WHERE NECESSARY AND A FINAL DRAFT WAS FURNISHED BY THE CPA FIRM TO THE UNIVERSITY'S FINANCE PERSONNEL FOR FINAL REVIEW AND APPROVAL. FOLLOWING THE FINALIZATION OF THE REVIEW AND APPROVAL OF THE FORM 990, THE UNIVERSITY'S AUDIT COMMITTEE PERFORMED A DETAILED REVIEW WHICH WAS PRESENTED AND DISCUSSED AT ITS MEETING HELD ON MARCH 18, 2015. IN CONJUNCTION WITH THE AUDIT COMMITTEE MEETING WHEREIN THE FORM 990 WAS PRESENTED AND DISCUSSED, THE FORM 990 WAS PROVIDED TO EACH VOTING MEMBER OF ITS GOVERNING BODY. CORE FORM, PART VI, SECTION B; QUESTION 12 THE UNIVERSITY REGULARLY MONITORS AND ENFORCES COMPLIANCE WITH ITS CONFLICT OF INTEREST POLICY. ANNUALLY ALL MEMBERS OF THE BOARD OF TRUSTEES, DIRECTORS, OFFICERS AND MEMBERS OF SENIOR MANAGEMENT ARE REQUIRED TO REVIEW THE EXISTING CONFLICT OF INTEREST POLICY AND COMPLETE A QUESTIONNAIRE. THE COMPLETED QUESTIONNAIRES ARE RETURNED TO THE ORGANIZATION'S SECRETARY TO THE BOARD FOR REVIEW. THEREAFTER, THE ORGANIZATION'S SECRETARY TO THE BOARD PREPARES A SUMMARY OF THE COMPLETED QUESTIONNAIRES WHICH CONTAINS INFORMATION DISCLOSED ON AN INDIVIDUAL BY INDIVIDUAL BASIS. IF APPLICABLE, THE SECRETARY TO THE BOARD PRESENTS THIS SUMMARY TO THE UNIVERSITY'S EXECUTIVE COMMITTEE FOR THEIR REVIEW, DISCUSSION, INVESTIGATION AND IMPLEMENTATION OF ANY NECESSARY MITIGATING BEHAVIOR. CORE FORM, PART VI, SECTION B; QUESTION 15 THE UNIVERSITY'S BOARD OF TRUSTEES HAS AN EXECUTIVE COMPENSATION COMMITTEE ("COMMITTEE"). THE COMMITTEE REVIEWS THE "TOTAL COMPENSATION" OF THE UNIVERSITY'S PRESIDENT WHICH IS INTENDED TO INCLUDE BOTH CURRENT AND DEFERRED COMPENSATION AND ALL EMPLOYEE BENEFITS, BOTH QUALIFIED AND NON-QUALIFIED. THE COMMITTEE'S REVIEW IS DONE ON A CONTRACT RENEWAL BASIS WITH PERFORMANCE BONUSES REVIEWED AND APPROVED ANNUALLY. THE COMMITTEE ENSURES THAT THE "TOTAL COMPENSATION" OF THE PRESIDENT OF THE UNIVERSITY IS REASONABLE. THE COMMITTEE OBTAINS AND RELIES UPON "APPROPRIATE DATA AS TO COMPARABILITY" PRIOR TO MAKING ITS DETERMINATION. THE COMMITTEE IS COMPRISED OF MEMBERS OF THE BOARD OF TRUSTEES, EACH OF WHOM ARE INDEPENDENT AND ARE FREE FROM ANY CONFLICTS OF INTEREST. Although there is no formal contemporaneous documentation for the executive compensation committee meetings at the committee level, this committee reports directly to the organization's Board of Trustees wherein all discussions at the committee level are documented in written meeting minutes of the full Board of Trustees. THE COMPENSATION AND BENEFITS OF OTHER EXECUTIVES REPORTED IN CORE FORM, PART VII AND SCHEDULE J OF THIS FORM 990 ARE REVIEWED ANNUALLY BY THE PRESIDENT WITH ASSISTANCE FROM THE UNIVERSITY'S HUMAN RESOURCES DEPARTMENT IN CONJUNCTION WITH THE INDIVIDUAL'S JOB PERFORMANCE DURING THE YEAR AND IS BASED UPON OTHER OBJECTIVE FACTORS DESIGNED TO ENSURE THAT REASONABLE AND FAIR MARKET VALUE COMPENSATION IS PAID BY THE UNIVERSITY. OTHER OBJECTIVE FACTORS INCLUDE MARKET SURVEY DATA FOR COMPARABLE POSITIONS, INDIVIDUAL GOALS AND OBJECTIVES, PERSONNEL REVIEWS, EVALUATIONS, SELF-EVALUATIONS AND PERFORMANCE FEEDBACK MEETINGS. CORE FORM, PART VI, SECTION C; QUESTION 19 THE UNIVERSITY'S FILED CERTIFICATE OF INCORPORATION AND ANY AMENDMENTS CAN BE OBTAINED AND REVIEWED THROUGH THE STATE OF NEW JERSEY DEPARTMENT OF THE TREASURY. THE UNIVERSITY'S FINANCIAL STATEMENTS, GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE TO THE PUBLIC UPON REQUEST AND AT MANAGEMENT'S DISCRETION. CORE FORM, PART VII AND SCHEDULE J FATHER MICHAEL BRADEN AND FATHER VINCENT J. SULLIVAN ARE JESUIT PRIESTS WHO ARE OFFICERS OF THE UNIVERSITY BUT THEY ARE NOT ISSUED A FORM W-2 FOR THE SALARIES THEY DERIVE. FOR CALENDAR YEAR 2013, FATHER BRADEN WAS PAID $62,430 AND FATHER SULLIVAN WAS PAID $29,919. HOWEVER, THEY RECEIVE NO BENEFITS FROM THE COLLEGE AND THEIR ENTIRE SALARIES ARE DEPOSITED DIRECTLY INTO THE JESUIT PROVINCE BANK ACCOUNT. PER THE INSTRUCTIONS TO THE FORM 990, THEIR SALARIES ARE NOT REQUIRED TO BE REPORTED ON CORE FORM, PART VII OR SCHEDULE J. CORE FORM, PART VII, SECTION A, COLUMN B CERTAIN BOARD OF TRUSTEE MEMBERS, OFFICERS AND/OR DIRECTORS LISTED ON CORE FORM, PART VII AND SCHEDULE J OF THIS FORM 990 MAY HOLD SIMILAR POSITIONS WITH BOTH THE UNIVERSITY AND ITS AFFILIATE. THE HOURS SHOWN ON THIS FORM 990, FOR BOARD MEMBERS WHO RECEIVE NO COMPENSATION FOR SERVICES RENDERED IN A NON-BOARD CAPACITY, REPRESENT THE ESTIMATED HOURS DEVOTED PER WEEK FOR THE UNIVERSITY. TO THE EXTENT THESE INDIVIDUALS SERVE AS A MEMBER OF THE BOARD OF TRUSTEES OF THE UNIVERSITY'S AFFILIATE, THEIR RESPECTIVE HOURS PER WEEK ARE APPROXIMATELY ONE HOUR. THE HOURS REFLECTED ON PART VII OF THIS FORM 990, FOR BOARD MEMBERS WHO RECEIVE COMPENSATION FOR SERVICES RENDERED IN A NON-BOARD CAPACITY AND PAID OFFICERS, REFLECT TOTAL HOURS WORKED PER WEEK ON BEHALF OF THE BOTH THE UNIVERSITY AND ITS AFFILIATE; NOT SOLELY THE UNIVERSITY. CORE FORM, PART XI; LINE 5 OTHER CHANGES IN NET ASSETS OR FUND BALANCES INCLUDE: - PENSION GAIN - $6,884,509; - CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS - ($64,827); AND - CHANGE IN FAIR VALUE OF INTEREST RATE SWAP AGREEMENTS - $317,956. CORE FORM, PART XII; QUESTION 2 AN INDEPENDENT CPA FIRM AUDITED THE COMBINED FINANCIAL STATEMENTS OF THE UNIVERSITY AND ITS AFFILIATE FOR THE YEARS ENDED JUNE 30, 2014 AND JUNE 30, 2013; RESPECTIVELY, AND ISSUED AUDITED COMBINED FINANCIAL STATEMENTS. AN UNQUALIFIED OPINION WAS ISSUED BY THE INDEPENDENT CPA FIRM EACH YEAR. THE UNIVERSITY'S AUDIT COMMITTEE ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF THE UNIVERSITY'S COMBINED FINANCIAL STATEMENTS AND THE SELECTION OF ITS INDEPENDENT AUDITOR. SPJC MANAGEMENT LLC 2641 KENNEDY BOULEVARD JERSEY CITY NJ 07306 201447046 REAL ESTATE NJ 0 371032 SPU ST PETER'S COLLEGE REALTY HOLDING INC 30 MONTGOMERY STREET 15TH FL JERSEY CITY NJ 07302 201412644 REAL ESTATE NJ 501(C)(2) N/A SPU true false false false false false false false false false false true false false false true false false true false ST PETER'S COLLEGE REALTY HOLDING INC K, O, 526122 COST