2015-05-12T17:14:07-05:00 2014-06-30 KPMG LLP 345 Park Avenue New York NY 101540102 990 2013-07-01 131740451 Fordham University % FRANK SIMIO FORD 7188171000 CONTROLLERS OFFICE 441 E FORDHAM Suite FHM522 BRONX NY 104585170 Frank Simio VP for Finance 7188171000 2015-05-07 true Jocelyne C Miller P00634378 7188171000 2015-05-06 2013 2016-03-07 17:11:31Z JOSEPH M MCSHANE SJ 441 EAST FORDHAM ROAD BRONX NY 104585170 974124064 false X WWW.FORDHAM.EDU X 1841 NY TO PROVIDE HIGHEST QUALITY EDUCATION TO UNDERGRADUATE AND GRADUATE STUDENTS IN THE JESUIT TRADITION. 39 37 7396 750 394643 -699674 63887862 82790803 600072807 627055523 40177138 63532990 1452536 563150 705590343 773942466 139435968 148018193 0 0 327434975 332079628 562460 525936 8983814 195830368 203803553 663263771 684427310 42326572 89515156 1729196097 1877208238 590393183 638243728 1138802914 1238964510 X SEE SCHEDULE O. false false 602918545 148018193 627055523 INSTRUCTION, RESEARCH AND PUBLIC SERVICE IN THE GRADUATE (6,500 STUDENTS ENROLLED) AND UNDERGRADUATE (8,000 STUDENTS ENROLLED) SCHOOLS OF THE UNIVERSITY. 602918545 true true false true false false false true false true true true false false true true true false true true true false false true true false false false true true true false false false false false true false false true false true true false false true true true true false false true 1062 0 true 7396 true true true true UK false false false true true false false false false X 39 37 true false false false false false false true true false false true true true true true true true true false CA X X FRANK SIMIO 7188171000 FORDHAM UNIVERSITY 441 FORDHAM RD BRONX NY 104585170 X JOSEPH MCSHANE SJ PRESIDENT/TRUSTEE 35.0 X X 14052 ROBERT D DALEO CHAIR 1.0 X ROSEMARY T BERKERY TRUSTEE 1.0 X VINCENT L BIAGI SJ TRUSTEE 1.0 X KENNETH BOLLER SJ TRUSTEE 1.0 X JAMES BROWN TRUSTEE 1.0 X DARRYL EMERSON BROWN TRUSTEE 1.0 X ELIZABETH BURNS TRUSTEE 1.0 X VINCENT CAPPUCCI TRUSTEE 1.0 X DONNA M CARROLL TRUSTEE 1.0 X JOHN J CECERO SJ TRUSTEE 1.0 X MICHAEL J COSGROVE TRUSTEE 1.0 X GERALD C CROTTY TRUSTEE 1.0 X CAROLYN N DOLAN TRUSTEE 1.0 X CHRISTOPHER F FITZMAURICE TRUSTEE 1.0 X HONORA AHERN GROSE TRUSTEE 1.0 X PATRICIA HELLER TRUSTEE 1.0 X DARLENE LUCCIO JORDAN TRUSTEE 1.0 X JOHN M KEANE TRUSTEE 1.0 X ANDREW C KERIN TRUSTEE 1.0 X WILLIAM LOSCHERT TRUSTEE 1.0 X BRIAN MACLEAN TRUSTEE 1.0 X J THOMAS MCCLAIN SJ TRUSTEE 1.0 X STEPHEN J MCGUINNESS TRUSTEE 1.0 X HENRY S MILLER TRUSTEE 1.0 X PATRICIA A NAZEMETZ TRUSTEE 1.0 X ARMANDO NUNEZ JR TRUSTEE 1.0 X JOSEPH P PARKES SJ TRUSTEE 1.0 X THOMAS REGAN SJ TRUSTEE 1.0 X DENNIS G RUPPEL TRUSTEE 1.0 X PETER JOHN SACRIPANTI TRUSTEE 1.0 X THOMAS P SALICE TRUSTEE 1.0 X LUIS E SAN MIGUEL TRUSTEE 1.0 X EDWARD M STROZ TRUSTEE 1.0 X WILLIAM J TOPPETA TRUSTEE 1.0 X MARK H TUOHEY III TRUSTEE 1.0 X VINCENT VIOLA TRUSTEE 1.0 X JOHN M ZIZZO TRUSTEE 1.0 X LILIAN WU TRUSTEE 1.0 X MARGRET BALL UNIVERSITY SECRETARY 35.0 X 167812 0 19299 BRIAN BYRNE VP OF ADMINISTRATION 35.0 X 307656 53244 THOMAS A DUNN VP OF GOV'T REL & URBAN AFFAIR 35.0 X 371055 53197 STEPHEN FREEMAN PROVOST 35.0 X 480245 50408 JEFFREY GRAY VP OF STUDENT SERVICES 35.0 X 346027 75383 JOHN LORDAN SENIOR VP, CFO, & TREASURER 35.0 X 483562 31623 ROGER MILLICI VP OF DEVELOPMENT 35.0 X 356985 50428 MSGR JOSEPH QUINN VP OF MISSION AND MINISTRY 35.0 X 150666 19948 FRANK SIMIO VP OF FINANCE 35.0 X 300390 50948 FRANK SIRIANNI VP OF INFORMATION TECHNOLOGY 35.0 X 305656 69886 PETER STACE VP OF ENROLLMENT SVCS 35.0 X 342421 50680 MARCO VALERA VP OF FACILITIES 35.0 X 291678 52131 ERIC WOOD CHIEF INVESTMENT OFFICER 35.0 X 228679 40285 THOMAS PECORA HEAD MENS BASKETBALL COACH 35.0 X 695210 42677 DONNA RAPACCIOLI SCHOOL OF BUSINESS DEAN 35.0 X 482546 91504 MICHAEL M MARTIN LAW SCHOOL DEAN 35.0 X 471559 71649 DAVID GAUTSHI GRAD BUS. SCH OF ADMIN DEAN 35.0 X 452640 50239 IFTEKHAR HASAN PROFESSOR AND CHAIR 35.0 X 437701 50428 6672488 0 938009 630 false true false GOTHAM CONSTRUCTION COMPANY LLC 1010 AVENUE OF THE AMERICAS 4TH FL NEW YORK NY 10018 CONSTRUCTION 70345329 SODEXHO INC AFFILIATES 9801 WASHINGTON BLVD GAITHERBURG MD 20878 FOOD SERVICE 17595511 SUMMIT SECURITY SERVICES 390 REXCORP PLAZA/LOBBY LEVEL UNIONDALE NY 11553 SECURITY SERVICE 6243056 STRUCTURE TONE 770 BROADWAY NEW YORK NY 100039545 CONSTRUCTION 3732920 ELLUCIAN COMPANY LP 4 COUNTRY VIEW RD MALVERN PA 19355 IT SUPPORT 2647860 293 2073860 15148457 65568486 1177703 82790803 TUITION AND FEES 611600 544707908 544707908 AUXILIARY ENTERPRISES 611710 72871717 71656264 1215453 ATHLETIC AND SUMMER PROGRAMS 611710 3910894 3910894 FEES FOR EDUCATIONAL SERVICES 611600 2372580 2372580 VISITING PROFESSORS SALARY 611600 683749 683749 2508675 2508675 627055523 11812886 266956 11545930 6795 6795 568641 568641 500000 500000 0 500000 500000 250376303 344038 199007032 51369271 344038 51713309 51713309 159000 2073860 1174566 -1015566 -1015566 0 0 PARKING INCOME - OPEN TO PUBLIC 812930 91942 91942 TRAVEL TOURS 561500 35745 35745 NET GAIN FROM REFUNDING DEBT 525990 382388 382388 510075 773942466 625840070 394643 64916950 0 148018193 148018193 0 0 4977554 2181027 2280545 515982 113985 113985 238260670 209030235 26481974 2748461 17328516 15568968 1440244 319304 55415990 44517542 10074356 824092 15982913 14359998 1328406 294509 0 1337741 1337741 321715 321715 15259 15259 525936 525936 4288188 4288188 14508048 13227840 1165140 115068 6818472 6171269 411917 235286 14991722 11379693 3348491 263538 8039534 5133423 2857501 48610 66380 54220 12160 51799660 39882457 10514412 1402791 9543885 8837713 412563 293609 0 11083904 9470985 1090000 522919 11717672 11621088 96584 0 39986853 36787905 2399211 799737 2562123 1024648 1536248 1227 STUDENT MEAL COSTS 11238209 11238209 EXCHANGE STUDENT COSTS 5071824 5071824 LIBRARY MATERIALS 3022522 3022522 DUES/SUBSCRIPTIONS 1617202 1454965 159596 2641 5772640 4749836 952700 70104 684427310 602918545 72524951 8983814 X 183160 259947 59188774 113291435 68524301 66003848 6874572 6621603 1137500 1137500 0 0 13631169 13147136 1166372 1241629 10403658 22753620 1359018788 400679468 886620491 958339320 338583645 260990974 331164469 387508610 0 0 0 0 11717986 45912616 1729196097 1877208238 80262731 76109179 0 0 26072036 29142737 412870367 458398087 0 0 0 0 20802439 18009981 0 0 50385610 56583744 590393183 638243728 X 599665060 636362543 285922374 330431052 253215480 272170915 1138802914 1238964510 1729196097 1877208238 X 89515156 14810310 -4163870 X false true X true true true X 63263068 99223840 66134536 63887862 82790803 375300109 0 0 63263068 99223840 66134536 63887862 82790803 375300109 26362235 348937874 7007370 12525803 6128985 9397733 12888322 47948213 0 0 423248322 2863849463 0.82443 0.00000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false true true 738 true 458 false false true 17744 true 17848 false 36788 false SCHEDULE C, PART II-B, LINE 1 LOBBYING ACTIVITIES: AN INSUBSTANTIAL PART OF THE UNIVERSITY'S ACTIVITIES WERE EXPENDED ATTEMPTING TO INFLUENCE LOCAL, STATE AND FEDERAL LEGISLATION, REGULATION AND POLICY BENEFICIAL TO THE UNIVERSITY AND ITS STUDENTS. 4624214 X X false 592538492 34025623 73098615 7645979 12674108 4288418 675054225 491584850 59944223 59971427 6005495 9806028 3150485 592538492 457980142 53351775 -1175082 7508732 8780275 2282978 491584850 371543516 20098356 80995883 5883891 6747723 2025999 457980142 330165755 17452171 38740908 5644043 7536061 1635214 371543516 0.41500 0.58500 true false 11907246 11907246 732739706 247956711 484782995 3063705 1674493 1389212 264293933 138006776 126287157 347014198 13041488 333972710 958339320 ALTERNATIVE INVESTMENTS 385444685 F OTHER ASSETS 2063925 F 387508610 0 POST RETIREMENT BENEFITS OBLIG 47782000 REFUNDABLE ADVANCES 4853886 AMOUNTS HELD ON BEHALF OF OTHER 2288639 CAPITALIZED LEASE OBLIGATION 1659219 56583744 X 634514808 14810310 -151124116 -136313806 770828614 4288418 -1174566 3113852 773942466 534326260 2210923 2210923 532115337 4288418 148023555 152311973 684427310 SCHEDULE D, PART III, LINE 4 THE UNIVERSITY'S MOST SIGNIFICANT COLLECTION IS ITS MUSEUM OF GREEK, ETRUSCAN AND ROMAN ART. THE ANTIQUITIES MUSEUM OCCUPIES 4,000 SQUARE FEET OF SPACE AND IT FEATURES MORE THAN 260 ANTIQUITIES DATING FROM THE 10TH CENTURY B.C. THROUGH THE 3RD CENTURY A.D. THE COLLECTION SPANS SEVERAL PERIODS - MYCENAEAN, VILLANOVAN, CLASSICAL GREECE, GEOMETRICAL, ARCHAIC ROMAN, IMPERIAL ROMAN, REPUBLICAN, ETRUSCAN, AND SOUTH ITALIAN. THERE ARE RED-FIGURE AND RED-AND-BLACK-FIGURE CERAMICS, AND THE SHINY BLACK ETRUSCAN POTTERY KNOWN AS BUCCHERO. THERE IS AN ARRAY OF SCULPTURE AND TERRA COTTA HEADS, AMONG THE ITEMS ON DISPLAY ARE: -A TERRACOTTA PATERA (SHALLOW BOWL) WITH KNOB HANDLES, CA. 340 B.C.; -A KYLIX (DRINKING CUP WITH TWO HANDLES), ATTRIBUTED TO THE PAINTER OF BERLIN 2268, A VASE PAINTER OF THE LATE SIXTH CENTURY B.C.; -A PORTRAIT OF JULIA AQUILIA SEVERA, THE SECOND AND FOURTH WIFE OF EMPEROR ELAGABALUS, A.D. 220-222; AND -A PORTRAIT OF THE EMPEROR HADRIAN FROM THE SECOND CENTURY A.D. THE MUSEUM, WHICH IS FREE OF CHARGE, IS OPEN TO THE GENERAL PUBLIC. SCHEDULE D, PART V, LINE 4 FORDHAM UNIVERSITY'S ENDOWMENT FUNDS ARE INTENDED TO SUPPORT FINANCIAL ASSISTANCE FOR STUDENTS, TO FUND NEW AND CUTTING EDGE PROGRAMS WHILE MAINTAINING AND IMPROVING EXISTING ONES, AND TO IMPROVE AND MAINTAIN THE CAMPUS TO MEET THE NEEDS OF THE UNIVERSITY COMMUNITY. SCHEDULE D, PART X, LINE 2 FIN 48 FOOTNOTE: The University accounts for uncertainties in income taxes recognized in its financial statements using a threshold of more likely than not of being sustained. Income generated from activities unrelated to the University's exempt purpose is subject to tax. The University did not have any material unrelated business income tax liability at June 30, 2014 and 2013. SCHEDULE D, PART XI, LINE 2D OTHER ADJUSTMENTS: APP/(DEP) IN FV OF PERPETUAL TRUST 598,000 CHANGE IN FV OF INTEREST RATE SWAP (77,561) FINANCIAL AID EXPENSE (148,015,193) GAIN/(LOSS) NOT YET RECOG - PERIODIC BEN COST (3,621,000) TRAVEL TOUR EXPENSE (5,362) ------------- TOTAL (151,124,116) SCHEDULE D, PART XI, LINE 4B OTHER ADJUSTMENTS SPECIAL EVENT EXPENSES 1,175,566 SCHEDULE D, PART XII, LINE 2D OTHER ADJUSTMENTS SPECIAL EVENT EXPENSES 1,175,566 LONDON PROGRAM EXPENSES 1,036,357 ------------- TOTAL 2,210,923 SCHEDULE D, PART XII, LINE 4B OTHER ADJUSTMENTS FINANCIAL AID EXPENSE 148,015,193 TRAVEL TOUR EXPENSE 5,362 ------------- TOTAL 148,023,555 true true true true true true true false false false false false false false false true false true SCHEDULE E, PART I, LINE 3 NONDISCRIMINATION POLICY: THE UNIVERSITY INCLUDED A STATEMENT OF ITS POLICY ON RACIAL NONDISCRIMINATION TOWARD STUDENTS IN ALL ITS NEWSPAPER AND BROADCAST SOLICITATIONS FOR STUDENTS. SCHEDULE E, PART I, LINE 6 EXPLANATION OF GOVERNMENT FINANCIAL AID: THE UNIVERSITY RECEIVES RESEARCH, TRAINING, AND STUDENT GRANTS FROM THE NATIONAL SCIENCE FOUNDATION, THE DEPARTMENT OF HEALTH AND HUMAN SERVICES, THE DEPARTMENT OF EDUCATION, THE DEPARTMENT OF AGRICULTURE, AND VARIOUS OTHER AGENCIES INCLUDING ONES FROM THE STATE OF NEW YORK AND THE CITY OF NEW YORK. Europe (Including Iceland and Greenland) 1 11 Program Services GLOBAL STUDIES 3187683 Europe (Including Iceland and Greenland) 1 2 Program Services STUDY ABROAD 267706 Europe (Including Iceland and Greenland) 5 Program Services SUMMER ABROAD ITALY 105431 Sub-Saharan Africa 1 6 Program Services LAW SCH. PROGRAM 323126 Europe (Including Iceland and Greenland) 1 5 Program Services LAW SCH. PROGRAM 262993 East Asia and the Pacific 3 Program Services SUMMER INSTITUTE 189216 Central America and the Caribbean Investments 121944616 4 32 4 32 126280771 126280771 true false true true true true X X X X X X X true RUFFALOCODY PROF. FUNDRAISING false 923038 525936 397102 923038 525936 397102 FOUNDERS DINNER 2232860 2073860 159000 228295 241707 424026 280538 0 2232860 2073860 159000 228295 241707 424026 280538 1174566 -1015566 SCHEDULE G, PART I, LINE 2B, COLUMN (V) RuffaloCody directs fundraising strategy for telemarketing efforts with input from Fordham. They also perform segmentation, copy writing, and design for our direct mailing campaigns. true STUDENT SCHOLARSHIPS 12341 148018193 N/A N/A SCHEDULE I, PART I, LINE 2 MONITORING: FORDHAM UNIVERSITY PROVIDES VARIOUS TYPES OF FINANCIAL ASSISTANCE TO ENABLE STUDENTS TO AFFORD A FORDHAM EDUCATION. THE UNIVERSITY IS PARTICULARLY COMMITTED TO DO ALL WE CAN TO ASSIST STUDENTS AND THEIR FAMILIES. FORDHAMS FINANCIAL AID DEPARTMENT WORKS WITH STUDENTS TO HELP THEM DEVISE A PLAN TO FUND THEIR EDUCATION. ASSISTANCE MAY INCLUDE A COMBINATION OF GRANTS, LOANS AND PAYMENT PLANS DEPENDING ON INDIVIDUAL CIRCUMSTANCES AND RESOURCES. SCHOLARSHIP GRANTS ARE AWARDED ON THE BASIS OF FINANCIAL NEED AND/OR SCHOLASTIC ACHIEVEMENT, AND ON A NON-DISCRIMINATORY BASIS. STUDENTS MUST COMPLETE CERTAIN QUESTIONNAIRES AND APPLICATIONS TO DEMONSTRATE THEIR QUALIFICATION FOR VARIOUS TYPES OF FEDERAL, STATE, LOCAL, AND INSTITUTIONAL FINANCIAL ASSISTANCE. THE VARIOUS FINANCIAL ASSISTANCE PROGRAMS HAVE PARTICULAR REQUIREMENTS FOR SELECTION CRITERIA AND MONITORING THE USE OF GRANT FUNDS, SUCH AS UNDER OMB CIRCULAR NO. A-133. THESE REQUIREMENTS MAY INCLUDE A MINIMUM COURSE LOAD, DEMONSTRATED ACADEMIC PROGRESS, AND OTHER SIMILAR REQUIREMENTS. X X X X false false false false false false false true false MARGRET BALL UNIVERSITY SECRETARY 166184 0 0 0 1628 0 0 0 0 0 167812 0 0 0 BRIAN BYRNE VP OF ADMINISTRATION 305444 2212 28050 25194 360900 THOMAS A DUNN VP OF GOV'T REL & URBAN AFFAIR 360014 11041 28050 25147 424252 STEPHEN FREEMAN PROVOST 476047 4198 28050 22358 530653 JEFFREY GRAY VP OF STUDENT SERVICES 319125 26902 28050 47333 421410 JOHN LORDAN SENIOR VP, CFO, & TREASURER 476275 7287 28050 3573 515185 ROGER MILLICI VP OF DEVELOPMENT 355971 1014 28050 22378 407413 MSGR JOSEPH QUINN VP OF MISSION AND MINISTRY 149654 1012 9451 10497 170614 FRANK SIMIO VP OF FINANCE 298944 1446 28050 22898 351338 FRANK SIRIANNI VP OF INFORMATION TECHNOLOGY 285845 19811 28050 41836 375542 PETER STACE VP OF ENROLLMENT SVCS 339306 3115 28050 22630 393101 MARCO VALERA VP OF FACILITIES 286488 5190 28050 24081 343809 ERIC WOOD CHIEF INVESTMENT OFFICER 227333 1346 17425 22860 268964 THOMAS PECORA HEAD MENS BASKETBALL COACH 574487 111975 8748 19815 22862 737887 DONNA RAPACCIOLI SCHOOL OF BUSINESS DEAN 458933 23613 28050 63454 574050 MICHAEL M MARTIN LAW SCHOOL DEAN 464717 6842 28050 43599 543208 DAVID GAUTSHI GRAD BUS. SCH OF ADMIN DEAN 448359 4281 28050 22189 502879 IFTEKHAR HASAN PROFESSOR AND CHAIR 436255 1446 28050 22378 488129 SCHEDULE J, PART I, LINE 7 NON-FIXED PAYMENTS: Non-fixed compensation is paid at the discretion of the president with the approval of the compensation committee. A DORMITORY AUTHORITY OF THE STATE OF NEW YORK 140000623 649903C33 2008-05-21 96895000 REFUNDING 2005 DEBT ISSUE false false false B DORMITORY AUTHORITY OF THE STATE OF NEW YORK 140000623 6499032B6 2008-07-25 118287807 2008 ISSUE - RH DORMITORY false false false C DORMITORY AUTHORITY OF THE STATE OF NEW YORK 140000623 649905CX0 2011-04-28 152929720 2011 ISSUE - SEE PART VI false false false D DORMITORY AUTHORITY OF THE STATE OF NEW YORK 140000623 649906Z23 2012-10-25 46206812 REFUNDING 2002 & 1998 DEBT ISSUE false false false A 0 0 97282370 0 0 95869900 1412470 0 0 0 0 0 2008 true false true true B 0 0 118287807 3711000 0 0 3643551 0 0 110933256 0 0 2010 true false true true C 0 0 152929720 0 0 0 1416006 0 0 151513645 0 0 2014 false false true true D 0 0 46206812 0 0 45346922 859889 0 0 0 0 0 2013 true false true true A false false false false 0 false false false false B false false true true false 0.01100 0.01100 false false false false C false false false false 0 false false false false D false false false false 0 false false false false A false true false false true true MERRILL LYNCH 3.248 true false false 0 false false B false true false false false false 0 false 0 false false C false true false false false false 0 false 0 false false D false true false false false false 0 false 0 false false A true B true C true D true SCHEDULE K, PART I, BOND ISSUES: 2011 BOND ISSUE (A) ISSUER NAME: DORMITORY AUTHORITY OF THE STATE OF NEW YORK (F) DESCRIPTION OF PURPOSE: 2011 ISSUE- LAW SCHOOL BUILDING AND RESIDENCE HALL 2014 BOND ISSUE (A) ISSUER NAME: DORMITORY AUTHORITY OF THE STATE OF NEW YORK (F) DESCRIPTION OF PURPOSE: ACQUISITION OF BUILDING AND REFUND 2004 DEBT ISSUE ARBITRAGE PDSTHE UNIVERSITY PAYS A FIXED RATE OF 3.2475% AND RECEIVES 67% OF ONE MONTH LIBOR ON THE NOTIONAL PRINCIPAL AMOUNT OF OUR 2008A BONDS. A DORMITORY AUTHORITY OF THE STATE OF NEW YORK 140000623 649907YZ9 2014-04-03 66182433 2014 ISSUE - SEE PART VI false false false A 0 0 66182432 0 0 11252039 867654 0 0 12272734 0 41790005 true false false true A false false false false 0 false false false false A false true false false false false 0 false 0 false false A true JOHN LORDAN SEE PART V SEE PART V X 450000 300000 false false true STEPHEN FREEDMAN SEE PART V SEE PART V X 1637500 837500 false false true 1137500 JILL LOGAN SEE PART V 113985 EMPLOYEE COMPENSATION false LOANS TO AND FROM INTERESTED PERSONS: (A) NAME OF PERSON: JOHN LORDAN (B) RELATIONSHIP WITH ORGANIZATION: SENIOR VP, CFO, & TREASURER OF FORDHAM UNIVERSITY (C) PURPOSE OF LOAN: MORTGAGE (A) NAME OF PERSON: STEPHEN FREEDMAN (B) RELATIONSHIP WITH ORGANIZATION: PROVOST OF FORDHAM UNIVERSITY (C) PURPOSE OF LOAN: MORTGAGE SCHEDULE L, PART IV JILL LOGAN IS A FAMILY MEMBER OF PATRICIA NAZEMETZ, CURRENT TRUSTEE. X 24 1130685 MARKET QUOTATION X ANNUITIES 1 30000 MARKET QUOTATION X Food and Beverage Costs 4 17018 COST false true false SCHEDULE M, PART I, COLUMN (B) NUMBER OF CONTRIBUTORS: THE AMOUNT LISTED IN COLUMN (B) REPRESENTS THE NUMBER OF CONTRIBUTORS. Form 990, Part III, Line 1 THE MISSION OF THE UNIVERSITY: FORDHAM UNIVERSITY, THE JESUIT UNIVERSITY OF NEW YORK, IS COMMITTED TO THE DISCOVERY OF WISDOM AND THE TRANSMISSION OF LEARNING,THROUGH RESEARCH AND THROUGH UNDERGRADUATE, GRADUATE AND PROFESSIONAL EDUCATION OF THE HIGHEST QUALITY. GUIDED BY ITS CATHOLIC AND JESUIT TRADITIONS, FORDHAM FOSTERS THE INTELLECTUAL, MORAL AND RELIGIOUS DEVELOPMENT OF ITS STUDENTS AND PREPARES THEM FOR LEADERSHIP IN A GLOBAL SOCIETY. Form 990, Part VI, Line 2 FAMILY RELATIONSHIP - PETER STACE, OFFICER/VP OF ENROLLMENT, HAS A FAMILY RELATIONSHIP WITH MARGARET BALL. OFFICER/UNIVERSITY SECRETARY. Form 990, Part VI, Line 11b THE FINANCE DEPARTMENT WORKS CLOSELY WITH KPMG LLP, THE UNIVERSITYS INDEPENDENT ACCOUNTING FIRM, TO PREPARE FORM 990. THE FINANCE DEPARTMENT PREPARES THE INITIAL DRAFT, WHICH KPMG REVIEWS TOGETHER WITH VARIOUS SUPPORTING DOCUMENTATION. WHEN BOTH KPMG AND THE FINANCE STAFF ARE SATISFIED WITH THE FINAL DRAFT, IT IS THEN CAREFULLY REVIEWED AND EDITED BY THE CONTROLLER AND THEN BY THE INTERIM SR. VP, CFO, TREASURER, WHO THEN PROVIDES THE REVISED RETURN TO THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES FOR REVIEW AND APPROVAL. THE BOARD OF TRUSTEES HAS DELEGATED THE RESPONSIBILITY FOR REVIEWING THE RETURN TO THE EXECUTIVE COMMITTEE. QUESTIONS AND COMMENTS BY THE EXECUTIVE COMMITTEE ARE INCORPORATED INTO THE FORM 990 AS APPROPRIATE. A COPY OF THE FINAL FORM 990 IS PROVIDED TO THE FULL BOARD OF TRUSTEES PRIOR TO FILING WITH THE IRS. Form 990, Part VI, Line 12c THE UNIVERSITY HAS A WRITTEN CONFLICT OF INTEREST POLICY COVERING ALL TRUSTEES, OFFICERS,AND EMPLOYEES THAT REQUIRES, AMONG OTHER THINGS, THAT NO INDIVIDUAL MAY PARTICIPATE IN DISCUSSION OR DECISION ON ANY MATTER IN WHICH HE OR SHE HAS A MATERIAL FINANCIAL INTEREST. ALL TRUSTEES, OFFICERS AND INDIVIDUALS WHO HAVE SIGNING AUTHORITY ARE REQUIRED TO CERTIFY COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY ON AN ANNUAL BASIS AND TO INDICATE WHETHER THE UNIVERSITY DOES BUSINESS WITH AN ENTITY IN WHICH THEY HAVE MATERIAL FINANCIAL INTEREST. WHEN SUCH RELATIONSHIPS EXIST,MEASURES ARE TAKEN TO MITIGATE ANY ACTUAL OR PERCEIVED CONFLICT, INCLUDING REQUIRING THAT SUCH TRANSACTIONS BE CONDUCTED AT ARM'S LENGTH, FOR GOOD AND SUFFICIENT CONSIDERATION, BASED ON TERMS THAT ARE FAIR AND REASONABLE TO AND FOR THE BENEFIT OF THE UNIVERSITY, AND IN ACCORDANCE WITH RELEVANT STATE CONFLICT OF INTEREST LAWS AND THE UNIVERSITY'S STATUS UNDER SECTION 501(C)(3). Form 990, Part VI, Line 15a COMPENSATION REVIEW: FORDHAMS BOARD OF TRUSTEES HAS DELEGATED RESPONSIBILITY FOR DETERMINING COMPENSATION FOR CERTAIN MEMBERS OF SENIOR MANAGEMENT TO THE BOARDS INDEPENDENT COMPENSATION COMMITTEE. HOWEVER, THE APPROVAL OF THE FULL BOARD OF TRUSTEES IS REQUIRED FOR APPROVAL OF THE PRESIDENT'S ANNUAL SALARY. ALL TRUSTEES ARE REQUIRED TO COMPLETE A CONFLICT OF INTEREST POLICY DISCLOSURE STATEMENT EACH YEAR. THE COMPENSATION COMMITTEE SEEKS TO ENSURE THAT EMPLOYEES ARE PAID WITHIN THE RANGE OF THE GOING MARKET RATE FOR SUCH POSITIONS AT SIMILARLY SITUATED UNIVERSITIES IN SIMILAR GEOGRAPHIC REGIONS, BY REFERENCE TO COMPENSATION SURVEYS AND OTHER INSTITUTIONS' FORM 990 RETURNS. FORDHAM KEEPS RECORDS TO DOCUMENT ITS COMPENSATION SETTING PROCESS. Form 990, Part VI, Line 19 FORDHAM UNIVERSITYS GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE CURRENTLY AVAILABLE ON THE UNIVERSITYS WEBSITE. Form 990, Part X, Line 23 SECURED MORTGAGES AND NOTES PAYABLE TO UNRELATED THIRD PARTIES: IN JULY 2012, THE UNIVERSITY ENTERED INTO AN AGREEMENT WITH THE JESUITS OF FORDHAM, INC., A NOT FOR PROFIT PROVINCIAL ORDER, FOR THE PURCHASE OF LOYOLA HALL, A BUILDING LOCATED ON THE ROSE HILL CAMPUS OF FORDHAM UNIVERSITY, FOR $30 MILLION. THE FIRST INSTALLMENT OF $8 MILLION WAS PAID ON THE CLOSING DATE. THE BALANCE OF THE PURCHASE PRICE WILL BE PAID PURSUANT TO AN INTEREST FREE PROMISSORY NOTE CALLING FOR EIGHT INSTALLMENTS OF $2,750,000 EACH YEAR THROUGH JULY 2020. THE UNIVERSITY'S RECORDED AN UNAMORTIZED DISCOUNT TOTALED $2,425,924 AND $2,522,508 AT JUNE 30, 2014 AND 2013, RESPECTIVELY. Form 990, Part XI, Line 9 CHANGE IN VALUE OF INTEREST RATE SWAP (77,561) LOSS NOT YET RECOGNIZED AS A COMPONENT OF NET PERIODIC COST (3,621,000) UNREALIZED CHANGE IN VALUE OF PERPETUAL TRUST 598,000 EXPENSES OF AFFILIATE (1,036,357) PRIOR PERIOD ADJ FOR EXPENSES OF AFFILIATE (26,952) ------------ TOTAL TO FORM 990, PART XI, LINE 9 (4,163,870) FORDHAM AIRVANA HOLDINGS LLC 888 SEVENTH AVE 7TH FLOOR NEW YORK NY 10019 131740451 HOLDING CO. NY 122834 122834 FORDHAM U FORDHAM UNIVERSITY (USA) UK PROGRAM LTD 15 ST BOTOLPH STREET EC3A 7NJ LONDON UK EC3A 7NJ EDUCATION UK FORDHAM U true FORDHAM UNIVERSITY UK CHARITABLE TRUST 15 ST BOTOLPH STREET EC3A 7NJ LONDON UK EC3A 7NJ EDUCATION UK FORDHAM U true CHARITABLE REMAINDER TRUST INVESTMENT OH NA Trust false CHARITABLE REMAINDER TRUST INVESTMENT NY NA Trust false false false false false false false false false false false false false false false false true false false false FORDHAM UNIVERSITY (USA) UK PROGRAM LTD P 1036357 COST