2014-04-30T13:41:44-05:00 2013-06-30 111986323 MARCUM LLP CITY PLACE II 185 ASYLUM STREET HARTFORD CT 06103 990 2012-07-01 060646936 UNIVERSITY OF BRIDGEPORT UNIV 2035764690 126 PARK AVE WAHLSTROM LIBRARY7TH BRIDGEPORT CT 06604 SUSAN WILLIAMS 2035764690 2014-04-29 1 DOUGLAS FARRINGTON P00370668 8605498500 2012 2015-11-30 17:44:51Z SUSAN WILLIAMS 126 PARK AVE WAHLSTROM LIBRARY7TH BRIDGEPORT CT 06604 115987212 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. 26 23 1971 0 98749 53711 3255541 4682411 98044355 104977386 170680 493163 698316 1383017 102168892 111535977 23067693 27673273 0 0 39243528 39897838 0 0 1616112 37239336 41014208 99550557 108585319 2618335 2950658 100155019 115118455 48821426 58682020 51333593 56436435 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 77321188 27673273 105130450 THE ORGANIZATION IS AN INDEPENDENT AND NONSECETARIAN INTERNATIONAL ACADEMIC INSTITUTION. THERE WERE APPROXIMATELY 4,877 STUDENTS FROM 39 STATES, 3 U.S. TERRITORIES AND 73 COUNTRIES ENROLLED FOR THE YEAR ENDED JUNE 30, 2013. 77321188 1 1 0 0 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 0 0 1 0 0 0 0 0 0 0 0 0 1 59 0 1 1971 1 1 1 0 0 0 0 1 1 0 0 0 0 X 26 23 1 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 1.00 X 0 0 0 ARTHUR E LANDI 1.00 X 0 0 0 GORDON L ANDERSON PHD 1.00 X X 0 0 0 ROBERT L BERCHEM ESQ 1.00 X 0 0 0 ABRAHAM I GORDON ESQ 1.00 X 0 0 0 ROBERT J MATRISCIANO 1.00 X 0 0 0 PHILLIP V SANCHEZ 1.00 X 0 0 0 S GEORGE SANTA 1.00 X 0 0 0 MARK A FRIES 1.00 X X 0 0 0 ERNEST C TREFZ 1.00 X 0 0 0 MARTIN F WOLF ESQ 1.00 X 0 0 0 FRANK N ZULLO ESQ 1.00 X X 0 0 0 COLIN GUNN ESQ 1.00 X X 0 0 0 CHANG SHIK YANG DM 1.00 X 0 0 0 NICHOLAS A PANUZIO 1.00 X 0 0 0 JOSEPH VITTORIA 1.00 X 0 0 0 DOUGLAS DM JOO 1.00 X X 0 0 0 FRANK I GROW III 1.00 X 0 0 0 PHILLIP G SOAIVAN 1.00 X 0 0 0 PIERRE TARDY 1.00 X 0 0 0 MRS HENRY B DUPONT III 1.00 X 0 0 0 NICHOLAS N KITTRIE SJD 1.00 X 0 0 0 NORGE W JEROME PHD 1.00 X X 0 0 0 PAUL ANTINOZZI 1.00 X 0 0 0 THE HONORABLE MARJORIE BUESSING 1.00 X 0 0 0 DAVID D'ADDARIO 1.00 X 0 0 0 THOMAS O'HARA 1.00 X 0 0 0 NEIL A SALONEN 40.00 X 399210 0 154043 MICHAEL D BROMLEY ESQ 40.00 X 235802 0 13367 SUSAN D WILLIAMS 40.00 X 236100 0 13763 HANS VAN DER GIESSEN 40.00 X 170396 0 16637 TAREK M SOBH 40.00 X 359262 0 47872 MARY JANE FOSTER 40.00 X 157181 0 10996 ABDELSHAKOUR ABUZNEID 35.00 X 147186 0 7338 DANIEL CERVONKA 35.00 X 146160 0 22129 ALLEN COOK 35.00 X 146098 0 14279 STEPHEN HEALEY 35.00 X 144813 0 8072 DAVID BRADY 35.00 X 143910 0 24342 2286118 0 332838 27 0 1 0 SODEXO OPERATIONS PO BOX 360170 PITTSBURGH PA 152516000 CAMPUS FOOD SERVICE 4695733 DTZ 275 GROVE ST SUITE 3-200 AUBURNDALE MA 024662274 BUILDING & GROUNDS MAINTENANCE 4086740 SECURITAS SECURITY 2400 COMMERCE AVE BLDG 1100 SUITE 5 DULUTH GA 30096 SECURITY SERVICE 1585472 ELLUCIAN 62590 COLLECTION CENTER DRIVE CHICAGO IL 606930625 IT MANAGEMENT SERVICES 1437523 CREATIVE PARTNERS ONE STAMFORD LANDING STAMFORD CT 069027229 ADVERTISING SERVICES 1118193 30 1480131 3202280 15400 4682411 TUITION AND FEES 611310 93724755 93724755 RESIDENCE & MEALS 721000 10843377 10843377 OTHER PROGRAM FEES 611710 409254 409254 104977386 328099 328099 21805 21805 834602 0 834602 834602 834602 4569404 4404340 165064 165064 165064 191421 46895 144526 144526 MISCELLANEOUS 900099 160595 61846 98749 INSURANCE PROCEEDS 900099 130271 130271 REBATES, REFUNDS & REIMBURSEMENTS 900099 91218 91218 382084 111535977 105130450 98749 1624367 5000 5000 27668273 27668273 2428795 36671 2223822 168302 30065178 27092024 2243565 729589 1294267 1166277 96582 31408 3837199 2429882 1312948 94369 2272399 1903521 306641 62237 58984 58984 208422 11500 196174 748 53860 53860 7198761 5505188 1609178 84395 1300107 1195320 56383 48404 3639440 1650723 1685808 302909 3224375 723090 2476973 24312 11415166 1003687 10410079 1400 1483210 887191 578884 17135 739316 600024 126481 12811 1293158 19660 1273498 3853803 3853803 317134 45041 272093 BAD DEBT EXPENSE 3000919 3000919 STUDENT ACTIVITIES 770616 770616 NON-CAPITALIZED EQUIPME 720028 149909 563019 7100 STUDENT TEACHING 656945 656945 1079964 799727 249244 30993 108585319 77321188 29648019 1616112 2350 2350 14135713 14185870 456560 69738 6695699 5344612 4613526 4144126 155229 133130 818339 848300 141579985 78142603 60133253 63437382 9609591 12588742 3534759 14364205 100155019 115118455 10404212 10066589 4771767 4239728 700918 454944 29446980 40872000 3497549 3048759 48821426 58682020 X 46517365 49726238 4773548 6667517 42680 42680 51333593 56436435 100155019 115118455 X 2950658 1040300 1111884 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 1 0.74 1 1 0 1 0 10.00 0 1 64500 X X 0 21785893 1624363 1537258 53239 24894275 17639450 3877968 316908 48434 21785893 10672982 6585096 402800 21428 17639450 7733506 2805380 176067 -41971 10672982 3374417 4429133 -25895 -44149 7733506 0.70590 0.29410 0.00000 0 0 4505708 4505708 101824579 50845464 50979115 34605938 27236351 7369587 643760 60788 582972 63437382 OTHER ASSETS 64500 FUNDS HELD BY TRUSTEE 11360397 FUNDS HELD IN TRUST FOR OTHERS 2666755 DEFERRED FINANCING FEES 272553 14364205 ACCRUED RETIREMENT BENEFITS 40741 CAPITAL LEASES 267328 FUNDS HELD IN TRUST FOR OTHERS 2666755 LINE OF CREDIT 73935 3048759 X 85330117 1040300 27000 448973 1516273 83813844 53860 27668273 27722133 111535977 80227275 27000 448973 475973 79751302 53860 28780157 28834017 108585319 DESCRIPTION OF HOW ORGANIZATION REPORTS CONSERVATION EASEMENTS: 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. DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: ENDOWMENT FUND REVENUE IS USED FOR GENERAL OPERATING SUPPORT UNLESS IT IS RESTRICTED BY THE DONOR FOR A SPECIFIC PURPOSE. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: 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, 2009 THROUGH 2012 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: GOLF TOURNAMENT EXPENSES 46,895. REVENUE/EXPENSE RE-CLASS 402,078. PART XI, LINE 4B - OTHER ADJUSTMENTS: GRANTS 27,668,273. PART XII, LINE 2D - OTHER ADJUSTMENTS: GOLF TOURNAMENT EXPENSES 46,895. REVENUE/EXPENSE RE-CLASS 402,078. PART XII, LINE 4B - OTHER ADJUSTMENTS: GRANTS 27,668,273. CHANGE IN FAIR VALUE OF INTEREST RATE SWAPS 1,111,884. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION 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. EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE SCHEDULE E, PART I, LINE 6 THE ORGANIZATION RECEIVED THE FOLLOWING GOVERNMENT GRANTS FOR SCHOLARSHIPS AND FINANCIAL AID DURING THE YEAR ENDED JUNE 30, 2013: HRSA - FEDERAL FEDERAL WORK STUDY - FEDERAL FEDERAL SUPPLEMENTAL EDUCATION OPPORTUNITY GRANT - FEDERAL PELL GRANT - FEDERAL TEACH GRANT - FEDERAL CONNECTICUT INDEPENDENT COLLEGE STUDENT GRANT PROGRAM - STATE CAPITOL SCHOLARSHIP PROGRAM - STATE GEAR UP - STATE GOLF TOURNAMENT 93215 93215 8892 29230 1475 NATUROPATHIC CLINIC APPEAL 98206 98206 7298 191421 191421 8892 29230 8773 46895 144526 1 THE BRIDGEPORT REGIONAL BUSINESS COUNCIL 10 MIDDLE STREET BRIDGEPORT CT 06604 060271980 5000 SUPPORT INVESTMENT FOR LOCAL BUSINESS COMMUNITY 1 SCHOLARSHIPS FOR STUDENTS ATTENDING SCHOOL BASED ON FINANCIAL NEED AND MERIT. 1952 23994354 BOOK STUDENTS AWARDED SCHOLARSHIP BASED ON ATHLETIC ABILITY. 176 3673919 BOOK BOOK PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, 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 268841 0 130369 0 0 0 142813 0 11230 0 553253 0 0 0 MICHAEL D BROMLEY ESQ 204819 0 30983 0 0 0 12270 0 1097 0 249169 0 0 0 SUSAN D WILLIAMS 197359 0 38741 0 0 0 11135 0 2628 0 249863 0 0 0 HANS VAN DER GIESSEN 170396 0 0 0 0 0 10204 0 6433 0 187033 0 0 0 TAREK M SOBH 262111 0 81151 0 16000 0 31774 0 16098 0 407134 0 0 0 MARY JANE FOSTER 157181 0 0 0 0 0 9409 0 1587 0 168177 0 0 0 ABDELSHAKOUR ABUZNEID 147186 0 0 0 0 0 6497 0 841 0 154524 0 0 0 DANIEL CERVONKA 146160 0 0 0 0 0 9203 0 12926 0 168289 0 0 0 ALLEN COOK 146098 0 0 0 0 0 8446 0 5833 0 160377 0 0 0 STEPHEN HEALEY 144813 0 0 0 0 0 7570 0 502 0 152885 0 0 0 DAVID BRADY 143910 0 0 0 0 0 9000 0 15342 0 168252 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, MICHAEL BROMLEY, AND TAREK SOBH - 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 A 30000000 496771 7434010 2012 1 0 1 1 B 12000000 11760000 240000 2013 0 0 0 1 A 0 0 0 0 1 0 1 B 0 0 0 0 1 0 1 A 0 0 0 0 1 0 0 0 1 B 0 0 0 0 0 0 0 0 1 A 1 B 1 S GEORGE SANTA BOARD MEMBER / SANTA ENERGY, INC. 867352 THE UNIVERSITY OF BRIDGEPORT PURCHASED GAS AND HEATING FUEL FROM SANTAENERGY, INC. 0 0 PAUL ANTINOZZI BOARD MEMBER/ PRESIDENT AT ANTINOZZI ASSOCS. 238466 UNIVERSITY OF BRIDGEPORT ENGAGED ANTINOZZI ASSOCS. TO PROVIDE ARCHITECTURAL SERVICES 0 0 MARK A FRIES BOARD MEMBER / SR VP AT PEOPLE'S UNITED INSURANCE AGENCY 1037861 THE UNIVERSITY OF BRIDGEPORT PURCHASED INSURANCE FROM BEARDSLEY BROWN & BASSETT, INC. (PEOPLE'S UNITED INSURANCE AGENCY) 0 FORM 990, PART VI, SECTION A, LINE 2 MICHAEL D. BROMLEY (UNIVERSITY ATTORNEY/OFFICER OF THE BOARD) IS THE SON IN LAW OF COLIN GUNN (OFFICER OF THE BOARD). 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 GENERAL COUNSEL 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. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 9: CHANGE IN FAIR VALUE OF INTEREST RATE SWAPS 1,111,884. FORM 990, PART XI, LINE 2C: USED SAME PROCESS AS PRIOR YEAR.