2014-05-02T11:41:53-05:00 2013-06-30 GRANT THORNTON LLP 2001 MARKET STREET SUITE 700 PHILADELPHIA PA 19103 990 2012-07-01 210634981 Georgian Court University % ROBERT KENNY GEOR 7329872200 900 Lakewood Avenue Suite Lakewood NJ 087012097 MAUREEN RYAN-HOFFMANCPAMBA 7379872200 2014-04-25 true Russlee Armstrong 2155614200 2012 2015-11-30 17:44:51Z ROSEMARY JEFFRIES 900 LAKEWOOD AVENUE LAKEWOOD NJ 08701 80677678 false X WWW.GEORGIAN.EDU X 1908 NJ To provide a comprehensive liberal arts education in the Roman Catholic tradition, with a special concern for women. The University is committed to justice, respect, integrity, service and compassion. 33 33 868 230 317527 -23363 3309514 2108617 53704934 48852858 1805597 1785190 692384 1556667 59512429 54303332 13115766 11949310 0 0 23926915 23177531 100000 0 1543179 20690024 19181167 57832705 54308008 1679724 -4676 121067302 123459628 36971255 35350897 84096047 88108731 X Georgian Court University provides a comprehensive liberal arts education and is open to students of all faiths. Cultivated by a highly esteemed university environment and committed faculty, GCU delivers to students an innovative liberal arts curriculum that promotes scholarship, service, leadership, and personal development. Driven by the Sisters of Mercy's core values of respect, integrity, service, justice, and compassion, Georgian Court has a commitment to creating world citizens and helping students use their unique strengths to find purpose-that place where talent and passion intersect. false false 34144719 11949310 49083165 Georgian Court University serves about 2,300 students in 30 undergraduate and 10 distinctive graduate programs. Students are enrolled through the GCU School of Business, School of Education and the School of Arts and Sciences. The university also offers online degrees and specialty courses in such fields as holistic health, homeland security, and graduate education. Georgian Court, located in historic Lakewood, NJ, is dedicated to the personal and professional success of its students. The university has historic roots as a women's college, and served men in evening and graduate courses---usually part-time---until September 2012. That's when male students were eligible to enroll fulltime in any course as the university prepared to become fully coeducational by Fall 2013. GCU provides all of its students---women and men---a values-based liberal arts education that enhances the marketability of GCU graduates across various disciplines and emphasizes purposeful leadership that enables alumni to excel in their careers and contribute to the greater good locally, nationally, and throughout the world. GCU's consistent 13:1 student-faculty ratio facilitates unique learning relationships and fosters valuable research opportunities between professors and their students. Small classes with approachable faculty are especially helpful for adult learners (28% percent of GCU students are non-traditional learners older than 21), many of whom are juggling university studies with busy schedules, job and family obligations. In recent years, GCU has added new areas of study that reflect employment trends. In May 2013, the university graduated its second class of nurses to earn their B.S.N. degrees through the GCU-Meridian Health School of Nursing. The university also saw significant endorsements and accreditations of graduate and undergraduate programs in applied behavior analysis (Behavior Analyst Certification Board), counseling (CACREP-The Council for Accreditation of Counseling & Related Educational Programs), nursing (Commission on Collegiate Nursing Education), and business (ACBSP re-accreditation by the Accreditation Council for Business Schools and Programs). Overall, GCU gives students an exceptional learning environment where they gain valuable experience in their disciplines before graduation. Students often work alongside faculty mentors in social work, biochemistry, neurobiology, autism studies, early childhood education, learning disabilities consulting, and school psychology. Those studying criminal justice, dance, exercise science, and business are equally as involved. Georgian Court University prepares students for life beyond the campus gates. By senior year, more than 60 percent of students have participated in some type of practicum, internship, field experience, co-op, or clinical assignment. In addition, nearly all students participate in community service or volunteer work by their senior year. In 2013, the university again was named to the President's Community Service Honor Roll. Beyond undergraduate and graduate education, Georgian Court extends educational opportunities to senior adults through the McAuley Institute for Lifelong Learning (MILL). The program, launched in 2009, has grown from two pilot courses to more than 50 classes that cover subjects ranging from Twitter 101, spirituality and creative writing, to the history of protest music in the United States and healthy lifestyle cooking and eating. Since its founding, MILL has registered more than 500 seniors, ages 50 and older, for non-credit, college-level courses taught by faculty. 2015868 STUDENT ATHLETES AT GCU - As a member of the Central Athletic Collegiate Conference, Georgian Court University fields 186 athletes in fourteen NCAA Division II sports, including basketball, cross country, lacrosse, soccer, softball, volleyball, tennis, and both indoor and outdoor track & field. The GCU athletics program is distinguished by its commitment to building well-rounded athletes who achieve on the field and in the classroom. In keeping with their peers nationally, GCU student-athletes cultivate leadership skills in their individual sports and in their classroom and community involvement. The teams are very active in the community, as well, and have raised money for the Susan B. Komen Walk for the Cure, cancer research, Make-a-Wish Foundation, and National Girls and Women in Sports Day. 6388719 other expenditures to support the operation of offices dedicated to student service activities 42549306 true true false true false false true false false true true true false false true true true false true false false false false false true true false false true true true false false false false false false false false false false true false false false false true false false false true 116 0 true 868 true true true false false false false true true false false false false X 33 33 false false false false false true true true true false false true true true true true true true true false NJ X ROBERT KENNY 7329872416 900 LAKEWOOD AVENUE LAKEWOOD NJ 08701 X Raymond F Shea Jr Esq 1.0 X Lesa Lardieri-Wright 1.0 X Tessa M Breslin 1.0 X Francis G Coleman 1.0 X Frank DeMiro CPA 1.0 X Joseph G DiCorcia Esq 1.0 X Elisabeth Fontenelli 1.0 X Fiah Gussin 1.0 X Patricia Smith Heanue 1.0 X Reverend Paul A Holmes 1.0 X James J Knipper 1.0 X Patricia E Koch Esq 1.0 X Monsignor Casimir H Ladzinski 1.0 X Eugenia E Lawson 1.0 X John K Lloyd 1.0 X Amelia A McTamaney 1.0 X Mary Meehan PhD 1.0 X Robert E Mulcahy III 1.0 X Deirdre Mullan RSM PhD 1.0 X Elizabeth Mulvihill 1.0 X Edward Nadworny 1.0 X Linda M Orlando 1.0 X Mark N Ricca 1.0 X Carol Rittner RSM DEd 1.0 X John W Seazholtz 1.0 X Judge Eugene D Serpentelli 1.0 X Senator Robert W Singer 1.0 X Peter R Strohm Esq 1.0 X Thomas J Sykes AIA PP 1.0 X Patricia Talone RSM PhD 1.0 X Regina Ward RSM 1.0 X M Deborah Hanley Williams 1.0 X Rosemary E JeffriesRSMPhD 35.0 X 104278 Robert P Kenny 35.0 X 90887 11457 Lisa Kuhnle-Biagas 35.0 X 104425 5428 Evelyn Saul Quinn 35.0 X 165152 26439 John McAuliffe 35.0 X 122206 25840 Mary Lee Batesko 35.0 X 114441 12992 Michael Gross 35.0 X 128884 13013 James Carroll 35.0 X 110666 5598 Linda James 35.0 X 110918 13289 Maureen Ryan-Hoffman 35.0 X 109141 0 24909 1056720 0 243243 14 false true false Ellucian Company LP 4 COUNTRY VIEW ROAD MALVERN PA 19355 Mgmt Fee-IT Srvcs 1470748 Ruffalo Cody 65 KIRKWOOD N ROAD SW CEDAR RAPIDS IA 52405 Admissions Consult 368871 COGNITIVE MARKETING INC 46 prince street ROCHESTER NY 14607 Adm Cons/rebranding 324348 FHEG 3146 SOLUTIONS CENTER CHICAGO IL 606773001 Bookstore 265728 COLLEGIATE ENTERPRISE SOLUTIONS LLC 3 CENTENNIAL DRIVE PEABODY MA 01960 Consultants 195600 9 158132 658408 1292077 131276 2108617 TUITION AND FEES 900099 45255016 45255016 RESIDENCE HALLS AND DINING SERVICES 900099 3469657 3469657 BOOKSTORE COMMISSION 900099 128185 128185 48852858 986740 2725 984015 0 0 135578 29448 135578 29448 165026 165026 27014956 46600 26263106 0 751850 46600 798450 798450 94560 158132 101590 -7030 -7030 19300 9650 9650 9650 0 OTHER STUDENT ACTIVITIES/MISCELLANEOUS 900099 358492 358492 INSURANCE REIMBURSEMENT-HURRICANES 900099 880753 880753 CATERING 900099 149776 149776 1389021 54303332 49083165 317527 2794023 0 11877145 11877145 72165 72165 0 551835 191591 360244 0 17928606 13894114 3261238 773254 761684 523945 208173 29566 2384122 1694164 614474 75484 1551284 1186731 303187 61366 58254 58254 9686 9686 125650 125650 45620 45620 0 200016 200016 35800 35800 1170595 235279 929757 5559 1056557 866848 132265 57444 2466740 2320361 70623 75756 0 1570464 379641 1190573 250 344919 319627 16862 8430 0 137242 94374 39309 3559 1663413 1456473 206940 0 3152133 2332950 787790 31393 803655 74655 729000 DINING HALL 1446612 1446612 SPECIAL EVENTS 237205 237205 PROFESSIONAL SERVICES 434952 314267 81491 39194 EQUIP REPAIRS & MAINTENANCE 174053 51401 121392 1260 4047601 3122909 781233 143459 54308008 42549306 10215523 1543179 0 0 5747334 7272928 1397282 584368 2204058 1832884 0 0 0 0 18727 18389 3772 4125 127595 327372 98614771 36700946 64035341 61913825 35713366 37832899 10443206 11450388 0 0 0 0 1376621 2222450 121067302 123459628 4352806 4395876 133484 132244 1254815 991050 28846268 27821131 0 0 0 0 1078623 972768 0 0 1305259 1037828 36971255 35350897 X 65670261 68051213 6239843 7727604 12185943 12329914 84096047 88108731 121067302 123459628 X -4676 3968053 49307 X false true X true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false true false false false false true 2027 false true 43592 45619 false Schedule C, Part II-B, Line 1 The University engaged Winning Strategies Washington to undertake lobbying and grant-writing assistance on its behalf. The total fees pursuant to this contract for the year ended June 30, 2013 were $3,000. The firm expended 10% of effort on lobbying, $300, and 90% on grant-writing assistance, $2,700. The university also contracted with MWW Group and Komjathy & Stewart, LLC to undertake lobbying activities on its behalf. The fees for the year ended June 30, 2013 were $41,292 and $2,000, respectively. Additionally, the University is a member in the following associations: Association of Independent Colleges and Universities in New Jersey NACUBO EACUBO The Council of Independent Colleges A percentage of the University's membership dues are deemed to be expended for lobbying activities. For the year ended June 30, 2013, the lobbying amount was $2,027. University personnel and students, during the course of various activities throughout the year, meet with legislators to discuss education related topics. The amount of time spent is not material. X 1 1.99 1 1 false 43085315 105194 5738609 1721049 47208069 44363193 186376 207094 1671348 43085315 37753402 145999 7873124 1409332 44363193 33429111 81117 6229294 1986120 37753402 35278684 5867869 -7501721 215721 33429111 0.62300 0.26100 0.11600 false false 0 4543047 4543047 0 74673883 20608218 54065665 0 16232856 13101606 3131250 0 3164985 2991122 173863 61913825 HEDGE FUNDS 3729981 INVESTMENTS HELD BY TRUSTEE 2711143 PRIVATE EQUITY FUNDS 1430558 STRUCTURED CREDIT FUNDS 2047312 SPECIAL SITUATIONS FUNDS 1531394 11450388 0 OTHER LIABILITIES 140871 CONDITIONAL ASSET RETIREMENT OBLIG 839104 ANNUITY PAYMENT LIABILITY 57853 1037828 X 46371382 3968053 -11900003 -7931950 54303332 54303332 42358698 42358698 11949310 11949310 54308008 ENDOWMENT FUNDS FORM 990, SCHEDULE D, PART V, LINE 4 The University has adopted an investment policy that is intended to provide a predictable stream of funding to programs from its endowment while seeking to maintain the purchasing power of the endowment assets. Endowment assets include those assets of donor-restricted funds that the University must hold in perpetuity as well as board-designated funds. 1. Donor-restricted endowment funds are established by donor-restricted gifts and recorded as permanently restricted within the University financial statements. The amount of each individual fund is comprised of the original gift, subsequent gifts if they were to be added to the permanent endowment and accumulations if directed by the donor's gift documents. These funds must be retained in accordance with the explicit donor stipulations. 2. Earnings on these endowed funds are regarded as "net appreciation" and classified as temporarily restricted net assets. These amounts are appropriated for expenditure consistent with the donor guidelines. Donor funded scholarships are awarded annually, in accordance with donor stipulated guidelines and are a component of the University's financial aid budget. 3. Board designated funds, quasi-endowment, functioning as endowments are made up of a debt fund, intended to offset future debt borrowings; a plant fund, intended to supplement operational expenses related to facilities' needs such as deferred maintenance or capital items; and a special projects fund with the ability to react to the changing needs and demands of the higher education environment. INCOME TAXES FORM 990, SCHEDULE D, PART X, LINE 2 The University is exempt from federal income taxation by virtue of being an organization described in Section 501(c)(3) of the Internal Revenue Code (the "Code"). Nevertheless, the University may be subject to tax on income unrelated to its exempt purpose, unless that income is otherwise excluded by the Code. The tax years ended June 30, 2010, 2011, 2012 and 2013 are still open to audit for federal purposes. The University follows appropriate guidance which prescribes a model for the recognition and measurement of a tax position taken or expected to be taken in a tax return, and provides guidance on recognition, classification, interest and penalties, disclosure and transition. At June 30, 2013 and 2012, the University does not believe its financial statements include any material uncertain tax positions. RECONCILIATION OF REVENUE FORM 990, SCHEDULE D, PART XI, LINE 2D SCHOLARSHIP EXPENSE (RECLASS) $(11,949,310) Split Interest Agreements/Life Ins Surrender Value 49,307 ------------- $(11,900,003) ------------- RECONCILIATION OF EXPENSES FORM 990, SCHEDULE D, PART XII, LINE 4B SCHOLARSHIP EXPENSE (RECLASS) $11,949,310 true true true true true true true false false false false false false false false true false true Nondiscrimination Policy Schedule E, Part I, Line 3 The university's notice of nondiscrimination policy is printed on all brochures, web pages, and publications that advertise GCU programs and admissions standards. Financial Aid or Assistance from a Governmental Agency Schedule E, Part I, Line 6a U.S. Department of Education: Student Financial Assistance Cluster - Federal Pell Grant Program Federal Supplemental Educational Opportunity Grant Federal Work Study Program Federal Direct Student Loans Teacher Education Assistance for College and Higher Education Grants (TEACH Grants) Other U.S. Department of Education Aid - Trio Student Support Services NJ Sea Grant-Rain Garden College Access Challenge-Grant Dual Enrollment College Access Challenge-Grant Tools for College Success New Jersey Department of Education: Student Financial Aid Cluster - Tuition Aid Grant Gear Up Grant Distinguished Scholarship Program Urban Scholarship Program NJ STARS Program Garden State Other NJ Department of Education Assistance - Education Opportunity Fund-Grant Education Opportunity Fund-Article IV Tristate & Student Leadership Special Project Education Opportunity Fund-Summer New Jersey Department of Health and Human Services: Vocational Rehabilitation Direct Services New Jersey Commission for the Blind Non-Cash Awards: NJEFA-Dormitory Safety Trust Fund, Series 2001A -Interest Subsidy NJEFA-Dormitory Safety Trust Fund, Series 2003A -Interest Subsidy GOLF 2012 146695 89675 57020 62225 GOLF 2013 105997 68457 37540 39365 0 252692 158132 94560 101590 101590 -7030 19300 9650 19300 9650 9650 9650 NJ true false false false 0.00000 1.00000 Mary Ann Artz 900 LAKEWOOD AVENUE LAKEWOOD NJ 08701 false Mary Ann Artz 0 Managed raffle as part of event fundraising X true 9650 true INSTITUTIONAL GRANT AID 1413 7525529 TRANSFER SCHOLARSHIPS 303 1828950 ATHLETIC GRANTS 113 970005 NURSING SCHOLARSHIPS 101 740625 RELIGIOUS GRANTS & DISCOUNTS 36 323235 ENDOWED GRANTS 178 560966 MONITORING OF FUNDS PART I, LINE 2 The University grants listed on Schedule I represent scholarships offered to students who matriculate at the University. As such, no monitoring of the grant funds are required because the student may only use the scholarship funds to defray the cost of tuition. X X false true X X X false false false false false false false false false Evelyn Saul Quinn 156890 8262 8262 18177 191591 Compensation Form 990, Schedule J, Line 1 Housing allowance or residence for personal use and personal services: The President is provided use of a University residence building. The costs are included in other compensation and considered part of the costs customary with said position in order to carry out various job functions. Related personal services such as maintenance and housekeeping on the entire facility are performed by the University. Residency was also provided to an interim Chief Financial Officer and an interim Dean of Arts and Sciences, who were personnel hired through an agency and provided the benefit due to out-of-state residency. An incoming Vice President for Finance and Administration and a Registrar were given housing on a temporary basis during their relocation. A NEW JERSEY EDUCATIONAL FACILITIES AUTHORITY 2007 221829511 646065KQ4 2007-07-19 27196077 Advance Refunding & Construction false false false B NEW JERSEY EDUCATIONAL FACILITIES AUTH 2004A2006A 221829511 64605LFQ6 2004-04-14 2702688 Financing Capital Improv (See Part false false true C NEW JERSEY EDUCATIONAL FACILITIES AUTHORITY 2007 221829511 2007-09-28 1050000 Purchase Property false false false A 0 0 29252014 1738347 0 13468490 443446 0 0 11457843 0 0 false true true true B 0 0 2702698 0 0 0 39988 0 0 2666270 0 0 false false true true C 0 0 1050000 0 0 0 0 0 0 1050000 0 0 false false true true A false false true true false 0.00000 0.00000 0.00000 false false false true B false false false false 0.00000 0.00000 0.00000 false false false true C false false false false 0.00000 0.00000 0.00000 false false false true A false true false false 0 false 0 true true B false true false false 0 false 0 false true C false true false false 0 false 0 false true A true B true C true Schedule K, Part I 0 New Jersey Educational Facilities Authority, Project Revenue Bonds, 2007 Series H, date issued 9/28/2007: These bonds were issued by the New Jersey educational facilities authority pursuant to a New Jersey state program to finance capital improvements at institutions of higher education in New Jersey. The bonds were sold based on the credit of the state of New Jersey in the aggregate principal amount of $76,725,000. This amount was allocated to both public and private institutions. A form 8038 was filed for the portion of the issue allocated to the private institutions and a separate form 8038-g was filed for the portion allocated to public institutions. Georgian Court received an amount of $2,635,641 which represents 23.189% of the total amount allocated to private institutions. The 23.189% was applied to the amounts shown on the form 8038 for the private institutions as issue price, costs of issuance and non-refunding proceeds to obtain the portion of these amounts allocable to Georgian Court. The other information provided on schedule k about these bonds relates to the portion of the issue allocated to Georgian Court and not to the amount of the issue in the aggregate. New Jersey Educational Facilities Authority Capital Improvement Fund, 2004 A & 2006 A: On October 26, 2006, the New Jersey educational facilities authority issued its capital improvement fund bonds, 2006A to refund part of the capital improvement fund 2004A bonds and part of several other issues of capital improvement bonds. Debt service on the 2004A bonds was adjusted to take account of the debt service savings that resulted from the refunding. The cusip number and date of issue shown on part i of schedule k and other information provided about these bonds on schedule k relate to the 2004A bonds. X 3 16276 cost or sale price X 1 115000 FMV false true true Part I, Line 32a Hire or Use Third Parties TO THE EXTENT THAT THE UNIVERSITY RECEIVES DONATIONS OF SECURITIES, ITS INVESTMENT BROKER/MANAGER IS TASKED WITH SELLING THOSE SECURITIES. FORM 990, PART VI, SECTION A, LINE 7 In April 2006, the Sisters of Mercy of the Regional Community of New Jersey transferred the sponsorship of Georgian Court to the Conference for Mercy Higher Education ("CMHE"). CMHE coordinates collaboration among the 16 Mercy colleges and universities throughout the country on behalf of the Institute of the Sisters of Mercy of the Americas. Georgian Court University has a two-tiered governance structure, the first tier consisting of CMHE (as the University's sole member) and the second being the duly elected Board of Trustees, which includes the President of the University as an ex-officio member. Control of the University and its affairs and property is vested in the Board of Trustees pursuant to the University's By-Laws, subject to the powers reserved to CMHE, including among others, the power to establish the philosophy and mission of the University, elect or remove with or without cause the University president and members of the Board of Trustees, approve expenditures that are in excess of a level requiring approval of the Holy See and merge, consolidate, dissolve, or change the corporate structure of the University. Except to the extent reserved to CMHE, the Board of Trustees is empowered to manage the property and business of the University, including within such authority, the power to delegate such responsibilities and duties to the officers of Georgian Court University as the Board of Trustees deems appropriate. FORM 990, PART VI, SECTION A, LINE 10 The University's Form 990 was prepared by an international public accounting firm in conjunction with the University's financial department. A draft is prepared and distributed to the full audit committee for review. The audit committee recommends and approves for release the form 990. The form 990 is distributed to the full board. FORM 990, PART VI, SECTION B, LINE 12 Each trustee, officer, and key employee of the University is required to annually disclose any conflicts of interest that arise by virtue of their employment, board service, or position with the University. The University monitors compliance with its conflict of interest policy through a conflict of interest statement that is completed by each board member at the annual June meeting. These are reviewed by the Executive Committee of the Board. In addition to the board members, the executive level, all Finance staff, the Purchasing Director, as well as anyone in positions identified by function to have possible influence with contract or financial transactions or systems within the University, complete the questionnaire annually. These are reviewed by the Chief Financial Officer and Director of Human Resources. Any disclosed relationships are communicated to the Controller for the purpose of audit, internal controls and completing the form 990. Potential conflicts are investigated immediately. FORM 990, PART VI, SECTION B, LINE 15 The University undertakes a thorough process to ensure that the executive compensation it pays to its top management official and all of its officers and key employees of organization is reasonable given the market in which the University operates. CEO Compensation: The Executive Committee of the Board, reviews the compensation package of the President annually at its June meeting. Compensation level is decided upon utilizing comparative data received from the Human Resource Department. Officer positions are assigned a salary range established by a compensation study done by an outside firm and the Executive Committee of the Board also reviews the compensation for these employees who are considered highest-paid employees. The officers reside on the President's Administrative Team, categorized as the executive level of the University. FORM 990, PART VI, SECTION C, LINE 19 Governing documents, conflict of interest policy and financial statements are available upon request. Financial statements are listed with bond reporting agencies. FORM 990, Part VII President, Sister Rosemary Jeffries is represented as having received no compensation from the University because the Order she represents receives all compensation she would otherwise be paid. The Sisters of Mercy fulfill various roles within the University. Some positions, which would otherwise be filled with lay persons, are assigned a value for compensation and payments for these services are made to the Sisters of Mercy. The payments made for the calendar year 2012 totaled $751,687 and the compensation for this position is included in this figure. This compensation is not treated as taxable income to the Sisters since they are members of a religious Order. Therefore, Sister Rosemary Jeffries is still deemed to be an independent member of the governing body for purposes of Part VI of the Form 990. FORM 990, PART XI, LINE 9 Split Interest Agreements/Life Ins Surrender Value $49,307 CONFERENCE FOR MERCY HIGHER EDUCATION 8630 FENTON STREET 934 SILVER SPRING MD 20190 431973007 Sponsorship MD 501(c)(3) 1 NA false false false false false false false false false false false true false false false false false false false