2014-05-07T10:44:51-05:00 2013-06-30 Grant Thornton LLP 666 Third Avenue New York NY 10017 990 2012-07-01 221500645 Seton Hall University % STEPHEN A GRAHAM SETO 9737619318 400 South Orange Avenue Suite South Orange NJ 07079 STEPHEN A GRAHAM 9737619003 2014-05-06 2125429609 2012 2015-11-30 17:44:51Z A Gabriel Esteban 400 South Orange Avenue South Orange NJ 07079 477953000 false 0928 X www.shu.edu X 1856 NJ Seton Hall University is a catholic institution of higher education. 40 32 4114 428 566000 34823000 35799000 288386000 306216000 11962000 12968000 11032000 20427000 346203000 375410000 92823000 105178000 0 0 152626000 154734000 0 0 4294000 86989000 94261000 332438000 354173000 13765000 21237000 527269000 565515000 190191000 189545000 337078000 375970000 X SEE SCHEDULE O false false 220537000 96049000 312037000 Educational - Seton Hall University operates to provide baccalaureate, masters, and doctoral degrees. It enrolls 9,800 undergraduate and graduate students. The University is composed of nine schools located on two campuses, including its Law School located in Newark, New Jersey. Day and evening sessions accommodate both commuter and residential students on a part-time and full time basis. 82140000 8952000 4482000 Academic Support and Student Services - Academic Support provides support services, such as libraries, academic technology, faculty curriculum development, for its primary missions of instruction, research and public service. Student services provide various services to students, which contribute to the students' emotional and physical well-being and to their intellectual, cultural and social development outside the context of the University's formal instructional programs. 11407000 177000 146000 Research, Training & Public Services - Enables faculty to explore new areas of education, learning and knowledge and provides non-instructional services to individuals and groups external to the University. The University also offers financial support to students through academic scholarships and work-study programs, which are funded by federal, state and private grants. 314084000 true true false true false false false true false true true true false false true true true false true true true false false false true false false true true true true false false false false false false true true true true true true false false false true false false false true 431 0 true 4114 true true true false false false false true true false false false false X 40 32 true false true false false true true true true false false true true true true true true true true false X X STEPHEN A GRAHAM 9737619003 400 SOUTH ORANGE AVENUE South Orange NJ 07079 X A Gabriel EstebanPhD 45.0 X X 460481 135235 Most Reverend John J Myers 1.0 X Most Rev Paul G Bootkoski 1.0 X Most Rev Arthur J Serratelli 1.0 X Most Rev Dennis J Sullivan 1.0 X Most Rev David M O'Connell 1.0 X Monsignor James M Cafone 45.0 X 39944 60602 Monsignor John E Doran 1.0 X Monsignor Joseph R Reilly 45.0 X 28960 89672 Monsignor Robert J Wister 45.0 X 51392 9000 55802 Bruce A Tomason 1.0 X Patrick M Murray 1.0 X Phillip FresePhD 1.0 X Pamela M SwartzbergEsq 1.0 X William B Aimetti 1.0 X Robert E Baldini 1.0 X Henry F D'Alessandro 1.0 X Mark E Ganton 1.0 X Phillip N Maisano 1.0 X Donna M O'Brien 1.0 X Anne F Cantine 1.0 X Eun-Sook Lucy Cho-LeeMD 1.0 X David B Gerstein 1.0 X James E Collins 1.0 X Richard F Liebler 1.0 X Michael J Lucciola 1.0 X Francis J Hager 1.0 X Kent Manahan 1.0 X Richard Mandelbaum 1.0 X John D Hayes 1.0 X James M O'Brien 1.0 X Thomas J Sharkey 1.0 X Stephen G Waldis 1.0 X Robert B BudelmanEsq 1.0 X Reverend Mark O'Malley 45.0 X 28586 57602 Mary Ann Christopher 1.0 X Adrian Griffin 1.0 X Helen Lerner 1.0 X Robert Ley 1.0 X James L Orsini 1.0 X Joseph A Torcivia 1.0 X Larry A RobinsonEdD 45.0 X 346355 88408 David J BohanMBA 45.0 X 301286 40536 Dennis J GarbiniMBA 45.0 X 243319 44467 Tracy H GottliebPhD 45.0 X 205463 80602 Stephen A GrahamMBA 45.0 X 141210 19761 Catherine A KiernanJD 45.0 X 252418 43040 Alyssa McCloudPhD 45.0 X 273615 31131 Monsignor Anthony ZiccardiSTD 45.0 X 56617 55802 Joan F GuettiPhD 45.0 X 166041 45459 Patrick E HobbsJDLLM 45.0 X 370922 57075 Joyce A StrawserPhD 45.0 X 204831 44810 Kevin Willard 45.0 X 1388570 68832 Anne Donovan 45.0 X 506022 31550 John K MenziesPhD 45.0 X 275414 21021 Stephen JLubbenJDLLM 45.0 X 261888 50496 Patrick G Lyons 45.0 X 398807 36634 G Gregory TobinMA 45.0 X 154869 28952 Kathleen BoozangJDLLM 45.0 X 235876 30460 Karen E BoroffPhD 45.0 X 172519 34191 6565405 9000 1252140 235 true true false Gourmet Dining Services 400 South Orange Avenue SOUTH ORANGE NJ 07079 Catering 8283517 Samuel S Graham Inc PO Box 319 EAST HANOVER NJ 07936 General Contracting 5249183 Temco Service Industries Inc One Park Avenue NEW YORK NY 10016 Housekeeping 2991304 Securitas Security PO Box 403412 ATLANTA GA 30384 Security 1207530 KSS Architects LLP 337 Witherspoon Street PRINCETON NJ 08542 Architects 1169783 71 467000 24804000 10528000 1016000 35799000 TUITION & FEES 900099 276872000 276872000 ROOM AND BOARD 900099 27706000 27706000 FEES AND CONTRACTS FROM GOVERMENT AGENCIES 900099 146000 146000 MEDICAL RESIDENCY PROGRAM 900004 1492000 1492000 306216000 4934000 7000 4927000 5000 5000 152000 54000 98000 504000 58000 446000 0 446000 446000 109690000 320000 101464000 517000 8226000 -197000 8029000 8029000 473000 504000 -31000 -31000 0 0 NCAA REVENUE SHARING 900099 3063000 3063000 ATHLETICS TICKET SALES 900099 1419000 1419000 LITIGATION PROCEEDS 812930 8312000 8312000 7066000 5967000 505000 594000 19860000 375410000 316665000 566000 22380000 79000 79000 105099000 105099000 0 0 3968000 1902000 1531000 535000 0 113044000 97788000 13277000 1979000 6787000 5871000 797000 119000 22844000 18743000 3604000 497000 8091000 6999000 950000 142000 232000 212000 20000 369000 50000 319000 229000 229000 151000 151000 0 1667000 1667000 23065000 21284000 1544000 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true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false true false true 1000 true true 17094 true 159805 false false 177899 false Part II-B, Line 1(i) Other Lobbying Activities Seton Hall University lobbied state legislators regarding annual independent college appropriations, zoning regulations, student health insurance, student aid for independent college students and regulations affecting the University's College of Education and Human Services. Efforts consisted of direct mailings, phone calls and personal meetings. Members of Congress were contacted regarding student aid and grants for various university programs. The University's staff is involved in lobbying efforts. The value of that staff time is approximately $26,791. Those costs have been reported on Line 7 (other salaries and wages) and not separately identified on Line 11 (d) in Part IX, statement of Functional Expenses. 1053000 55000 X X X false 227198000 899000 25222000 2785000 8285000 783000 241466000 234593000 679000 2077000 2611000 7591000 -51000 227198000 166196000 2398000 78428000 2614000 6875000 2940000 234593000 152767000 4367000 20452000 2706000 7495000 1189000 166196000 209393000 1452000 -46790000 2809000 8129000 350000 152767000 0.45300 0.33500 0.21200 true false 3022000 3022000 351936000 159457000 192479000 53638000 45999000 7639000 21205000 1358000 19847000 222987000 HEDGE FUNDS 22949000 F COMMINGLED FUNDS 25913000 F PRIVATE EQUITIES 13598000 F VENTURE CAPITAL 1144000 F OUTSIDE TRUST 8115000 F 71719000 0 REFUNDABLE U.S. GOV'T GRANTS 13311000 CONDITIONAL ASSET RETIRE OBLIG 7819000 INTEREST RATE SWAP AGREEMENTS 6945000 ACCRUED POSTRETIREMENT BENEFIT 960000 29035000 X 291852000 14511000 478000 3540000 18529000 273323000 1667000 100420000 102087000 375410000 252960000 478000 951000 1429000 251531000 1667000 100975000 102642000 354173000 Part III, line 4 Collections are composed of: a mural, ancient Greek and Roman coins, book collections, paintings, wild life art collections, and a special collection of research papers. Collections are utilized by students, faculty, administrators and the general public. Their usage helps achieve the ultimate goal of advancing the educational and research mission of the University. Part V, line 4 Endowment funds support the University's mission by providing a sustainable flow of funds to annual operations. This support includes funds for scholarships and for specific academic programs. The University has adopted an endowment spending policy designed to provide a predictable flow of funds to operations. The policy is intended to balance current spending needs and preserve the endowment's future purchasing power. The University applies a 4.5% spending rate to a three-year moving average of endowment investment funds. The Board of Regents sets the spending rate. The purpose of using a moving average is to smooth out any wide fluctuations in the market value. Endowment earnings in excess of the spending rate are added back to the principal of the endowment investments. In years when yield exceeds the amount appropriated under the spending policy the excess is returned to principal as appreciation. When annual yield is insufficient to support spending appropriations, the balance is provided from accumulated appreciation. Special allocations are made for certain purposes in addition to the spending rate, as approved by the University's Board of Regents, annually. Part X, line 1: Other Liabilities - Income Taxes The FASB ASC Topic 740 established criterion that an individual tax position must meet for some or all of the benefits of that position to be recognized in an entity's financial statements. This standard required the University to determine whether a tax position is more likely than not to be sustained upon examination by the applicable taxing authority, including resolution of any related appeals or litigation processes, based on the technical merits of the position. The University has processes presently in place to ensure the maintenance of its tax-exempt status; to identify and report unrelated income; determine its filing and tax obligations in jurisdictions for which it has nexus; and to review other matters that may be considered tax positions. The tax years ending 2010, 2011, 2012, and 2013 remain open to audit for both federal and state purposes. This standard was effective for the University on July 1, 2008, and did not have an impact on the University's financial statements. Part XI, Line 2D - Other Change in value of interest rate SWAP agreements of $3,540,000. Part XI, Line 4b - Other Financial Aid of $100,975,000, plus limited partnership gain of $7,000, less rental expense of $58,000, and less special events expenses of $504,000. Part XII, Line 2D - Other Provision for uncollectible contributions receivable of $389,000, plus special events expense of $504,000 and rental expense of $58,000. Part XII, Line 4B - Other Financial aid of $100,975,000. true true true true true true true false false false false false false false false true false true Part I, Line:3 The University's racially nondiscriminatory policy appears in its Undergraduate and Graduate catalogs, as well as in the Admission Prospectus. It is also in all newspaper advertisements and the University's website. Line 6 - Explanation of Government Financial Aid The University participates in various Federal and State financial aid programs, which include, but are not limited to the following programs: Federal Direct Lending Program, Federal Pell Grant, Federal College Work Study, Federal Supplemental Education Opportunity Grant, N.J State Tuition Assistance Grant and N.J. State Education Opportunity Fund. Central America and the Caribbean Investments 29708000 East Asia and the Pacific 1 1 Program Services STUDENT RECRUITMENT 50000 East Asia and the Pacific Program Services EMBA PROGRAM 36000 1 1 1 1 29794000 29794000 true false false true true false Part I, Line 3, (1) By virtue of its investments in various limited partnership investments, Seton Hall University may invest in passive foreign investment companies and/or foreign partnerships; to the extent the University is required to file the Forms 926, 8621, or 8865, those foreign forms were attached to the University's Form 990-T. Part I, Line 3, (3) Seton Hall has a cooperation agreement with a university in Shanghai, China, for an Executive Master in Business Administration (EMBA) program. Many are One 227000 43000 184000 97000 49000 57000 Law School 149000 114000 35000 12000 5000 15000 8 564000 310000 254000 9000 13000 112000 84000 51000 940000 467000 473000 9000 13000 221000 138000 123000 504000 -31000 true Village of South Orange NJ 101 South Orange Avenue South Orange NJ 07079 226002309 115 33000 See Part IV. Maison Fortune Orphanage PO BOX 3092 Chesapeake VA 23327 300007910 501(c)(3) 9000 NJ LEEP INC 1109 Raymond Blvd Newark NJ 07102 510591204 501(c)(3) 15000 Catholic Charities USA 2050 Ballenger Ave Suite 400 Alexandria VA 22314 530196620 501(c)(3) 13000 Special Olympics NJ Inc 3 Princess Road Lawrenceville NJ 08648 237448729 501(c)(3) 9000 5 Federal Awards 2114 9911000 State of New Jersey Awards 1674 10662000 Institutional Support 8176 84526000 Part I, Line 2 All University spending must be approved by a manager or higher level, depending on the amount of the expenditure. Any expenditure of $1,000 or above would have to be approved by a Dean or other budget center manager. An expenditure in excess of $10,000 must be approved by a Vice President (or that person's designee) or the President. Grants or assistance to outside organizations are segregated in the University's financial accounting system through the use of a separate account code, which allows for review by University's central finance department. Scholarships are provided to students who are required to matriculate in the University, thereby ensuring that the funds are expended for the intended purposes. Part II,Line 1, (h) Purpose of grant assistance: Construction of South Orange Performing Arts Center. X X false true X X X X X false true false true false false false false true true A Gabriel EstebanPhD 374907 75000 10574 70000 65235 595716 Larry A RobinsonEdD 286031 50000 10324 20000 68408 434763 David J BohanMBA 233899 67387 18988 21548 341822 Dennis J GarbiniMBA 234595 8724 19388 25079 287786 Tracy H GottliebPhD 197569 7894 16216 64386 286065 Stephen A GrahamMBA 122107 15000 4103 8834 10927 160971 Catherine A KiernanJD 244193 8225 19894 23146 295458 Alyssa McCloudPhD 243381 30000 234 19600 11531 304746 G Gregory TobinMA 154689 180 7704 21248 183821 Joan F GuettiPhD 165439 602 13328 32131 211500 Patrick E HobbsJDLLM 365541 5381 20000 37075 427997 Kathleen BoozangJDLLM 235381 495 18960 11500 266336 Joyce A StrawserPhD 204394 437 16666 28144 249641 Kevin Willard 818907 540000 29663 20000 48832 1457402 Anne Donovan 368508 117500 20014 20000 11550 537572 John K MenziesPhD 266590 8824 20000 1021 296435 Stephen JLubbenJDLLM 261664 224 20000 30496 312384 Karen E BoroffPhD 171882 637 13872 20319 206710 Patrick G Lyons 279730 90000 29077 20000 16634 435441 Part I, Line 1a As a condition of employment at the University, the University provided housing and related services at no charge to its President, A Gabriel Esteban, and its Provost & Executive Vice President, Larry A. Robinson. In addtion, housing and related services were provided at no charge to members of its priest community which included an officer, along with certain Regents and Trustees listed in Form 990, Part VII (Monsignor Anthony Ziccardi, Monsignor Joseph R. Reilly, Monsignor James M. Cafone, Monsignor Robert J. Wister and Reverend Mark O'Malley). The value of the housing and related benefits are included in Part VII, Column F, and, for the President and Provost, they are also included in Schedule J, Part II. The University paid membership fees to a country club for its men's basketball coach, Kevin Willard, and Director of Athletics & Recreational services, Patrict Lyons. Their attendance at these organizations were exclusively business related in order to assist University Advancement with donor cultivation and fundraising efforts. Such fees totaled $17,496 and $14,434, respectively. They are included in nontaxable benefits in Schedule J, Part II. Schedule J, Part II. Part I, Line 4b President, Gabriel Esteban, participated in, and received a payment from, a Section 457(f) supplemental non-qualified retirement plan. Currently vesting amounts are reported in column (b)(ii) and amounts deferred for future payment are reported in column (c). Part I, Line 5a Patrick G.Lyons, Director of Athletics & Recreation Services, received $25,000 of incentive compensation for reaching certain progress goals associated with Athletic Department revenue. A NJEFA - Seton Hall Issues 2008 D & E 221829511 646065WZ1 2008-12-11 73939881 (see Part VI) false false false B NJEFA - Seton Hall - Issue 2009 C 221829511 2009-11-13 7955000 (see Part VI) false false false C NJEFA - Seton Hall - Issue 2011 A 221829511 646065U83 2011-06-10 37578532 (see Part VI) false false false D NJEFA - Seton Hall - CIF 2004 A & 2006 A 221829511 64605LNM6 2004-04-14 7805700 (see Part VI) false false true A 4115000 0 74633251 1848863 0 0 1054021 156565 0 685153 0 0 true false true true B 280000 0 7955000 0 0 0 159100 0 0 0 0 0 2009 true false true true C 11745000 0 37578532 0 0 0 406420 0 0 0 14674 0 2011 true false true true D 995876 0 7805700 0 78458 0 56467 59024 0 7611751 0 0 2005 false false true true A 0 B 0 C 0 D false false false false 0 0.01480 0.01480 false false false true A false false false true true true CITIBANK NA 24. false false false 0 true true B false false true false true true CITIBAN NA 8. false false false 0 false true C false false true false false false 0 false 0 false true D false false true false false false 0 false 0 false true A true B true C true D true Part VI, Column A, Line 2c 0 For Bond Issue A, Seton Hall University issues 2008 D & E, Rebate calculations were done for the period from December 11, 2008 through June 30, 2013. Part I, Column(f) Description of Purpose 1. Bond Issue A -- Seton Hall University Issues, 2008 Series D & E,(CUSIP numbers 646065WZ1 and 646065XQ0) were issued by the New Jersey Educational Facilities Authority (NJEFA) to currently refund Seton Hall University Issues, 2005 Series C and 2006 Series A. The 2005 Series C issue was issued on August 18, 2005 by the NJEFA to finance capital improvements at the University. The 2006 Series A issue was issued on June 1, 2006. It refunded the University's 1996 Series E issue, which was for capital improvements and for refunding the University's 1989 Series C issue, which was for capital improvements. The 2008 Series D & E issues were treated as a single issue for tax purposes. Amounts reported in Schedule K herein are for the combined issue. All proceeds deposited in the refunding escrows have been spent. The issue price in Part I, column E, of $73,939,881 plus $8,217 of interest earnings at the time of issue and $685,153 of project funds remaining from the 2005 and 2006 bonds at the time of the refunding, which were transferred to the 2008 Series D & E Bonds, equals the Part II, line3, total proceeds of the issue of $74,633,251. All of the $685,153 has been used for capital expenditures. In 2005, the University entered into two long-term interest rate swap agreements with Citibank, N.A. in order to hedge interest rate exposure related to their 2005 Series C and 2006 Series A issues. Following the refunding of the 2005 and 2006 issues with 2008 Series D & E, the interest rate swap agreements remained in place, following an amendment, in order to hedge interest rate exposure for the 2008 Series D issue. The swap agreements expire concurrently with the maturity of the 2008 Series D bonds, the last of which mature on July 1, 2037. 2. Bond Issue B - Seton Hall University Issue, 2009 Series C, was issued by NJEFA to currently refund Seton Hall University issue, 1998 Series F, issued on June 29, 1998 by the NJEFA to refund a 1991 Series D Seton Hall University issue that financed capital improvements at the University. The 2009 Series C Bonds were sold directly to Capital One, N.A. As part of its 2005 financing plan, the University also entered into an agreement with Citibank, N.A. to refinance the 1998 Series F Bonds in fiscal year 2008 using a forward starting interest rate swap. The forward starting interest rate swap became effective in April 2008. The refinancing of its 1998 Series F Bonds occurred in November 2009 with the swap being amended at that time. The swap agreement expires concurrently with the maturity of the 2009 Series C Bonds, the last of which matures on July 1, 2021. 3. Bond issue C - Seton Hall University Issue, 2011 Series A, (CUSIP number 646065U83) was issued by the New Jersey Facilities Educational Authority (NJEFA) to currently refund Seton Hall University's 1999 Refunding, 2001 Series A, 2001 Series B, and 2001 Series G bond issues. The 1999 Refunding issue was issued in July 1999 to refund the University's 1991 Series D and 1989 Series C issues. The 1991 Series D and the 1989 Series C issues were issued to finance capital improvements. The 2001 Series A issue was issued in June 2001 to refund the University's 1991 Series A issue which refunded the University's 1985 Series A issue which was issued to finance capital improvements. The 2001 Series B issue was issued in June 2001 to refund the University's 1991 Series B issue which was issued to refund the University's 1988 Series B issue which was issued to refund the University's 1976 Series A issue and to finance capital improvements. The 1976 Series A issue was issued to finance capital improvements. The 2001 Series G issue was issued in June 2001 to finance capital improvements. 4. Bond Issue D - These bonds were issued by NJEFA pursuant to a program of the State of New Jersey to finance capital improvements at institutions of higher education. The bonds were issued in the principal amount of $76,725,000 which was allocated to a total of seven institutions in New Jersey, three public and four private. An 8038 was filed for the portion of the issue allocated to private institutions and a separate 8038-G was filed for the portion allocated to public institutions. Seton Hall's apportioned amount, after $115,491 of apportioned issuance and credit enhancement costs, was $7,690,209. Of this amount $78,458 was allocated to capitalized interest. The remainder that was received by Seton Hall was $7,611,751, of which $3,805,875 was a grant and $3,805,876 was repayable over 20 years. Bonds issued to finance grants must be approved by the State Treasurer and are repayable by the State subject to appropriation. The bonds are sold based on the credit of the State. Each grantee enters into a grant agreement obligating the grantee to pay 1/2 of the debt service on the bonds allocable to the grant. On October 26, 2006, NJEFA issued Capital Improvement Bonds, Series 2006 A to partially refund the 2004 A Bonds and other series of Capital Improvement Fund Bonds. At that time, the amounts payable by each grantee were adjusted to take account of allocable debt service savings. The CUSIP number and issue date shown in Part I of Schedule K are for the Series 2004 A Bonds. The NJEFA has further information about the total bond issue. Seton Hall spent the entire amount of bond proceeds allocated to it on capital improvements on the University's campus. Seton Hall University does not use any of its debt financed property to undertake a non-exempt activity. The amounts reported on Schedule K, Part III, Line 5 represent the bond issuance and credit enhancement costs from Schedule K, Part II, Lines 7 and 8 divided by the amount on Part II, Line 3, total proceeds of issue. The University has responded "Yes" to Schedule K, Part IV, line 2a, which asks if an exception to rebate applys. This response is predicated on the University's spending of its apportioned grant and loan amount of $7,611,751 as part of this bond issue. 0 Larry A Robinson Child of Officer 18594 Tuition Graduate Assistantship Larry A Robinson Child of Officer 12000 Graduate Assistant Stipend false Kent Manahan Spouse of Regent 160409 Legal fees false Part IV The child of Dr. Larry Robinson, Provost & Executive V.P., was hired to a graduate assistantship, and therefore was entitled to tuition assistance and a stipend. Dr. Robinson's position as Provost & Executive V.P., had no bearing in the hiring process nor was he involved in that process at all. Kent Manahan's spouse is a partner in the law firm of Connell Foley, LLP. Seton Hall University paid Connell Foley $160,409 for legal services in the year ended June 30, 2013. X 55000 appraisal X 2000 Cost X 39 844000 Selling price X 29 32000 Cost X IT EQUIPMENT 1 10000 Cost X MISCELLANEOUS 31 73000 Cost 1 false true true Part I, Line 32b Auction companies are used to process and/or sell noncash contributions in "silent auctions" at several fundraising events. To the extent Seton Hall University receives donations of publicly traded securities, its investment broker is engaged to sell those securities. The University reimbursed a related party, the Roman Catholic Archdiocese of Newark, for administrative expenses incurred in conducting the Archbishop's annual appeal to raise funds from the congregation for the benefit of the University. Form 990, Part III, Line 1 Seton Hall University is a Catholic university. IN a diverse and collaborative environment, it focuses on academic and ethical development. Seton Hall students are prepared to be leaders in their professional and community lives in a global society and are challenged by outstanding faculty, an evolving technologically advanced setting, and values-centered curricula. Seton Hall University's 58-acre park-like campus is located in South Orange, New Jersey, only 14 miles west of New York City. The University is home to nine schools, including its Law School located in Newark, New Jersey. Its undergraduate and graduate enrollment is approximately 5,500 and 4,300, respectively. Seton Hall is the oldest diocesan university in the United States. It remains a pioneer in Catholic education. Form 990, Part VI, Section A, line 2: Bruce A. Tomason, a member of the Board of Regents and the Board of Trustees, had a business relationship with the spouse of Catherine Kiernan, Vice President and General Counsel of University. Francis J. Hager, a member of the Board of Regents and the Board of Trustees, had a business relationship with the firm of James M. O'Brien, a member of the Board of Regents Form 990, Part VI, Section A, line 7a: The Board of Regents is responsible for the entire management of the affairs and concerns of the University. The Board of Regents is vested with the responsibility, power, and authority to govern the University and shall exercise the corporate powers of the University under Law. Board of Regent Emeriti do not have voting privileges. Form 990, Part VI, Section A, line 7b: The Board of Trustees stand in the stead of the original incorporators of Seton Hall College and have the rights and powers reserved to it by the University's By-Laws. Those powers include the right to amend the University's organizing documents, to authorize the sale of any University property and, most importantly, to elect the Board of Regents. Form 990, Part VI, Section B, line 11: The Board of Regents adopted a written policy charging the Audit Committee with the responsibility to conduct, on an annual basis, an appropriate review of the University's completed Form 990 and Form 990-T prior to filing with Internal Revenue Service. The Audit Committee is also charged with making an appropriate report and recommendation to the Board of Regents on their review. Following review by the Audit Committee, Forms 990 and 990-T are submitted to the entire Board of Regents for its review and approval for filing with the Internal Revenue Service. The Board of Regents shall contemporaneously document the meeting at which the Forms 990 and 990-T are reviewed and approved for filing. Form 990, Part VI, Section B, Line 12c: The University's conflict of interest policy is posted on the University's web site. All new employees are made aware of the policy at the time of hire. For senior management, the University requires an annual disclosure of significant financial interests in, or employment or consulting relationships with, entities doing business with the University. These annual disclosures cover both senior management and their immediate family members. When such relationships exist, measures are taken to address the actual or perceived conflict to protect the best interests of the University. The policy requires, among other things, that no member of the Board of Regents or its Committees can participate in any decision in which he or she (or an immediate family member) has a material financial interest. Each Regent is required to certify compliance with the conflict of interest policy on an annual basis and indicate whether the University does business with an entity in which a Regent has a 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 conflict of interest laws. The University is unaware of any such associations considered to be significant. Form 990, Part VI, Section B, Line 15: Seton Hall University can ensure and demonstrate that our compensation actions do not inure to the benefit of a private individual. We can demonstrate that the compensation of all disqualified persons, such as officers, directors, and key employees, is considered reasonable and would ordinarily be paid for like services by like enterprises under like circumstances. The reasonableness of our compensation takes into account all benefits. Any compensation transactions for these individuals are approved by an authorized body of individuals who have no conflict of interest. Utilizing a compensation consultant, appropriate compensation data is relied upon for comparability and proof of fair market value, before making a decision. Compensation decisions and reports are contemporaneously documented in the minutes of the meeting of the Committee when the decisions are made. Form 990, Part VI, Section C, Line 19: The University's By-Laws and its conflict of interest policy are posted on the University's web site. The University's financial statements are posted on the web site of the National Association of College and University Business Officers (NACUBO). Form 990, Part VII Sec. A - Officers, Directors, Trustees,& Key Employees: 1. David J. Bohan, MBA - Vice President for University Advancement, commenced service with Seton Hall University in March of 2012; accordingly, he is reported on the Form 990 with less than a year of compensation 2. Stephen A. Graham, MBA - Vice President for Finance / Chief Financial Officer, commenced service with Seton Hall University in June of 2012; accordingly, he is reported on the Form 990 with less than a year of compensation Form 990, Part XI, Line 9 Change in value of interest rate swap agreements of $3,540,000 less the provision for uncollectible contributions receivable of $389,000, less limited partnership gain of $7,000. Form 990, Part VI, Section A, Line 4 For the year ending June 30, 2013, the University amended its bylaws to extend the duration of the current Presidents employment contract for a fixed term until May 30th, 2018. Additionally, the University has inserted a new provision into the bylaws that authorizes the establishment of a Presidential Search and Screening Committee to create the criteria, policies and procedures for the selection of presidential nominees. Roman Catholic Archdiocese of Newark 171 Clifton Avenue Newark NJ 07104 221487308 See Part VII NJ 501(c)(3) 1 false false false false false false false false false false false false true false false true false false false Part II : Identification of Related Tax-Exempt Org.Primary Activity Primary activity of Roman Catholic Archdiocese of Newark - oversees the Catholic church in certain counties of New Jersey.