2013-05-08T15:45:39-05:00 2012-06-30 111986323 MARCUM LLP CITY PLACE II 185 ASYLUM STREET HARTFORD CT 06103 990 2011-07-01 060646936 UNIVERSITY OF BRIDGEPORT UNIV 2035764690 126 PARK AVE WAHLSTROM LIBRARY7TH BRIDGEPORT CT 06604 SUSAN WILLIAMS 2035764690 2013-05-06 1 DOUGLAS FARRINGTON P00370668 8605498500 2011 2016-02-25 16:41:14Z SUSAN WILLIAMS 126 PARK AVE WAHLSTROM LIBRARY7TH BRIDGEPORT CT 06604 110725337 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. 28 27 1992 0 90465 -3589 2809589 3255541 96878426 98044355 205814 170680 658093 698316 100551922 102168892 21584962 23067693 0 0 38380074 39243528 0 0 1569077 36115580 37239336 96080616 99550557 4471306 2618335 98088689 100155019 47856104 48821426 50232585 51333593 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 71482081 23067693 98044355 THE ORGANIZATION IS AN INDEPENDENT AND NONSECETARIAN INTERNATIONAL ACADEMIC INSTITUTION. THERE WERE APPROXIMATELY 4,805 STUDENTS FROM 44 STATES, 4 U.S. TERRITORIES AND 77 COUNTRIES ENROLLED FOR THE YEAR ENDED JUNE 30, 2012. 71482081 1 1 0 1 0 0 1 1 0 1 1 0 0 0 1 1 1 0 1 1 0 0 0 0 0 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 1 46 0 1 1992 1 1 1 0 0 0 0 1 1 0 0 0 0 X 28 27 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 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 WALTER BAUM 1.00 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 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 442859 0 24831 MICHAEL D BROMLEY ESQ 40.00 X 214819 0 12331 SUSAN D WILLIAMS 40.00 X 192866 0 11992 HANS VAN DER GIESSEN 40.00 X 160352 0 14910 TAREK M SOBH 40.00 X 366365 0 29572 KHALED M ELLEITHY 35.00 X 151337 0 22551 DAVID BRADY 35.00 X 140404 0 23871 GEORGE ESTRADA 35.00 X 144483 0 23547 DANIEL CERVONKA 35.00 X 144540 0 17784 BRIAN GROSS 35.00 X 143560 0 22822 2101585 0 204211 29 0 1 0 UNICCO SERVICE COMPANY 275 GROVE ST SUITE 3-200 AUBURNDALE MA 024662274 BUILDING & GROUNDS MAINTENANCE 4065842 SODEXO OPERATIONS PO BOX 360170 PITTSBURGH PA 152516000 CAMPUS FOOD SERVICE 3798075 SUNGARD HIGHER EDUCATION MANAGED SERVICE 1337 COLLECTION CENTER DR CHICAGO IL 606930133 IT MANAGEMENT SERVICES 2243913 SECURITAS SECURITY 2400 COMMERCE AVE BLDG 1100 SUITE 5 DULUTH GA 30096 SECURITY SERVICE 1486300 STAN-MAR BUILDING MAINTENANCE 434 GARFIELD AVENUE BRIDGEPORT CT 066065273 CUSTODIAL SERVICES 996410 36 1233792 2021749 926890 3255541 TUITION AND FEES 611710 86727472 86727472 RESIDENCE & MEALS 721000 10347478 10347478 OTHER EDUCATION PROGRA 611710 493959 403494 90465 OTHER PROGRAM FEES 561500 475446 475446 98044355 292632 292632 18318 18318 679788 0 679788 679788 679788 8434493 8556445 -121952 -121952 -121952 INSURANCE PROCEEDS 900099 210 210 210 102168892 97953890 90465 868996 5000 5000 23062693 23062693 1292666 1292666 30884189 27310895 2687988 885306 1270688 1123670 110593 36425 3504266 2287381 1126596 90289 2291719 2026568 199458 65693 255052 398 254654 178539 1770 174026 2743 16000 16000 47138 47138 6259262 4711213 1498706 49343 998426 946540 17991 33895 3949695 2216045 1495699 237951 3204441 880780 2305868 17793 10786793 1193341 9569460 23992 1255933 769238 479761 6934 581049 478652 93757 8640 1132878 1941 1130937 3469322 3469322 348005 26407 321598 BAD DEBT EXPENSE 1567427 1567427 STUDENT ACTIVITIES 786434 786434 STUDENT TEACHING 679648 679648 UBI TAX 2700 2700 1720594 1406040 204481 110073 99550557 71482081 26499399 1569077 1552 2350 11343453 14135713 1451095 456560 6628115 6695699 5233230 4613526 107198 155229 849011 818339 134422052 74288799 55935931 60133253 9114032 9609591 7425072 3534759 98088689 100155019 8021185 10404212 5339733 4771767 1267508 700918 30000000 29446980 3227678 3497549 47856104 48821426 X 45876665 46517365 4318796 4773548 37124 42680 50232585 51333593 98088689 100155019 X 2618335 -1517327 X X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 1 16000 0 0 16000 0 PART IV, SUPPLEMENTAL INFORMATION: PART II-B, LINE 1(G) THE UNIVERSITY OF BRIDGEPORT ENGAGED THE FIRM OF PANUZIO & GIORDANO TO PROVIDE LOBBYING SERVICES FOR THE FISCAL YEAR ENDING JUNE 30, 2012. X 1 0.74 1 1 0 1 0 10.00 0 1 64500 X X 0 17639450 3877968 316908 48434 21785893 10672982 6585096 402800 21428 17639450 7733506 2805380 176067 -41971 10672982 3374417 4429133 -25895 -44149 7733506 0.78470 0.04590 0.16940 0 0 4505709 4505709 96453730 48676347 47777383 31365210 25572515 5792695 2097403 39937 2057466 60133253 ACCRUED RETIREMENT BENEFITS 772439 CAPITAL LEASES 312584 FUNDS HELD IN TRUST FOR OTHERS 2338591 LINE OF CREDIT 73935 3497549 102168892 99550557 2618335 176485 -1693812 -1517327 1101008 79260430 176485 24884 201369 79059061 47138 23062693 23109831 102168892 78159421 24884 1693811 1718695 76440726 47138 23062693 23109831 99550557 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 AND 4 YEAR PROGRAM. STUDENTS WORKS OF ART ARE SHOWN ON DISPLAY ALONG WITH THE ABOVE PIECES THAT THE UNIVERSITY OWNS. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: 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 8 - OTHER ADJUSTMENTS: CHANGE IN FAIR VALUE OF INTEREST RATE SWAPS -1,693,812. PART XII, LINE 4B - OTHER ADJUSTMENTS: GRANTS 23,062,693. PART XIII, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN FAIR VALUE OF INTEREST RATE SWAPS 1,693,811. PART XIII, LINE 4B - OTHER ADJUSTMENTS: GRANTS 23,062,693. 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, 2012: 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 1 THE BRIDGEPORT REGIONAL BUSINESS COUNCIL 10 MIDDLE STREET BRIDGEPORT CT 06604 060271980 5000 SUPPORT INVESTMENT 1 SCHOLARSHIPS FOR STUDENTS ATTENDING SCHOOL BASED ON FINANCIAL NEED. 1820 19526087 BOOK STUDENTS AWARDED SCHOLARSHIP BASED ON ATHLETIC ABILITY. 170 3301593 BOOK PWPA STUDY ACADEMY - BASED ON STUDENTS' ACADEMIC MERIT. 33 235013 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 0 1 X X X X X 0 1 0 0 0 0 0 0 0 NEIL A SALONEN 262020 0 0 0 180839 0 14700 0 10131 0 467690 0 0 0 MICHAEL D BROMLEY ESQ 199819 0 15000 0 0 0 12000 0 331 0 227150 0 0 0 SUSAN D WILLIAMS 180616 0 12250 0 0 0 10890 0 1102 0 204858 0 0 0 HANS VAN DER GIESSEN 160352 0 0 0 0 0 9690 0 5220 0 175262 0 0 0 TAREK M SOBH 321365 0 45000 0 0 0 14700 0 14872 0 395937 0 0 0 KHALED M ELLEITHY 151337 0 0 0 0 0 7680 0 14871 0 173888 0 0 0 DAVID BRADY 140404 0 0 0 0 0 9000 0 14871 0 164275 0 0 0 GEORGE ESTRADA 144483 0 0 0 0 0 8675 0 14872 0 168030 0 0 0 DANIEL CERVONKA 144540 0 0 0 0 0 9000 0 8784 0 162324 0 0 0 BRIAN GROSS 143560 0 0 0 0 0 7950 0 14872 0 166382 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. NEIL SALONEN RECEIVED A DISTRIBUTION OF $180,839 FROM THE PLAN REPRESENTING PREVIOUS YEARS DEFERMENT OF COMPENSATION. UNIVERSITY OF BRIDGEPORT 060646936 20774UNV3 2010-12-09 30000000 REFINANCE SERIES B CHEFA, REFINANCE MTGE LOAN & INFRASTRUCTURE 0 1 0 30000000 496771 7434010 2012 1 0 1 1 0 0 0 0 1 0 0 0 0 0 0 THE HONORABLE NICHOLAS A PANUZIO BOARD MEMBER / PRINCIPAL AT PANUZIO & GIORDANO PUBLIC AFFAIRS, LLC. 16000 THE UNIVERSITY OF BRIDGEPORT ENGAGED THE FIRM OF PANUZIO & GIORDANO TO PROVIDE LOBBYING SERVICES WITH THE FEDERAL GOVERNMENT FOR THE FISCAL YEAR ENDING JUNE 30, 2012. 0 0 S GEORGE SANTA BOARD MEMBER / SANTA ENERGY, INC. 1465554 THE UNIVERSITY OF BRIDGEPORT PURCHASED GAS, HEATING FUEL AND GASOLINE FOR VEHICLES FROM SANTAENERGY, INC. 0 ROBERT L BERCHEM ESQ BOARD MEMBER / PRINCIPAL AT BERCHEM, MOSES & DEVLIN 27650 THE UNIVERSITY OF BRIDGEPORT ENGAGED THE FIRM OF BERCHEM, MOSES & DEVLIN TO PROVIDE LEGAL ADVICE 0 0 PAUL ANTINOZZI BOARD MEMBER/ PRESIDENT AT ANTINOZZI ASSOCS. 61941 UNIVERSITY OF BRIDGEPORT ENGAGED ANTINOZZI ASSOCS. TO PROVIDE ARCHITECTURAL SERVICES 0 ERNEST C TREFZ BOARD MEMBER / CO-OWNER & GENERAL MANAGER OF THE HOLIDAY INN IN BRIDGEPORT 33843 GUESTS OF THE UNIVERSITY INCLUDING TRUSTEES WHO ATTENDED BOARD MEETINGS IN FYE 06/30/12 STAYED AT THE HOLIDAY INN IN BRIDGEPORT 0 MARK A FRIES BOARD MEMBER / SR VP AT PEOPLE'S UNITED INSURANCE AGENCY 969529 THE UNIVERSITY OF BRIDGEPORT PURCHASED INSURANCE FROM PEOPLE'S UNITED INSURANCE AGENCY. 0 X FURNITURE 2 15195 FMV X SUPPLIES 2 17000 FMV X SOFTWARE 1 894695 FMV 0 1 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 5: NET UNREALIZED GAINS ON INVESTMENTS: 176,485. CHANGE IN FAIR VALUE OF INTEREST RATE SWAPS -1,693,812. TOTAL TO FORM 990, PART XI, LINE 5: -1,517,327. FORM 990, PART XI, LINE 2C: USED SAME PROCESS AS PRIOR YEAR.