GEORGIAN COURT UNIVERSITY: Form 990, tax year 2011
View the entire original 990 at ProPublica ↗
- Organization
- GEORGIAN COURT UNIVERSITY (EIN 21-0634981)
- Tax period
- 2011-07-01 to 2012-06-30
- Filed
- 2013-04-11
- IRS object ID
- 201311019349300106
- Schema version
- 2011v1.5
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule C
- Schedule D
- Schedule E
- Schedule F
- Schedule G
- Schedule I
- Schedule J
- Schedule K
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2013-04-11T06:24:40-05:00 | Timestamp |
| Tax Period End Date | 2012-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | GRANT THORNTON LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2001 MARKET STREET SUITE 3100 | AddressLine1 |
| City | PHILADELPHIA | City |
| State | PA | State |
| ZIP Code | 19103 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2011-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 210634981 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | GEORGIAN COURT UNIVERSITY | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| In Care Of Name | % ROBERT KENNY | InCareOfName |
| Name Control | GEOR | NameControl |
| Phone | 7329872200 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 900 Lakewood Avenue | AddressLine1 |
| City | Lakewood | City |
| State | NJ | State |
| ZIP Code | 087012097 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | ROBERT KENNY | Name |
| Title | CHIEF FINANCIAL OFFICER | Title |
| Date Signed | 2013-04-10 | DateSigned |
| Authorize Third Party | true | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 2155614200 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2011 | TaxYear |
| Build TS | 2016-02-25 16:41:14Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | ROSEMARY JEFFRIES | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 900 LAKEWOOD AVENUE | AddressLine1 |
| City | LAKEWOOD | City |
| State | NJ | State |
| ZIP Code | 08701 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 87473517 | GrossReceipts |
| Group Return For Affiliates | false | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | WWW.GEORGIAN.EDU | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1908 | YearFormation |
| State Legal Domicile | NJ | StateLegalDomicile |
| Activity Or Mission Description | 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. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 35 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 35 | NbrIndependentVotingMembers |
| Total Nbr Employees | 940 | TotalNbrEmployees |
| Total Nbr Volunteers | 220 | TotalNbrVolunteers |
| Total Gross UBI | 261804 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | -80428 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 1938534 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 3309514 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 54154907 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 53704934 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 1191859 | InvestmentIncomePriorYear |
| Investment Income Current Year | 1805597 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 642129 | OtherRevenuePriorYear |
| Other Revenue Current Year | 692384 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 57927429 | TotalRevenuePriorYear |
| Total Revenue Current Year | 59512429 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 12002677 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 13115766 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 25512654 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 23926915 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 112000 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 100000 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 1991301 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 22068309 | OtherExpensePriorYear |
| Other Expenses Current Year | 20690024 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 59695640 | TotalExpensesPriorYear |
| Total Expenses Current Year | 57832705 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | -1768211 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 1679724 | RevenuesLessExpensesCY |
| Total Assets BOY | 122329025 | TotalAssetsBOY |
| Total Assets EOY | 121067302 | TotalAssetsEOY |
| Total Liabilities BOY | 38320467 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 36971255 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 84008558 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 84096047 | NetAssetsOrFundBalancesEOY |
| Mission Description | Georgian Court University offers an innovative liberal arts curriculum that promotes scholarship, service, leadership, and personal development. Focused on the Sisters of Mercy's core values-respect, integrity, service, justice, and compassion-the university offers an extremely safe and nurturing environment. | MissionDescription |
| Significant New Program Services | false | SignificantNewProgramServices |
| Significant Change | false | SignificantChange |
| Expense | 32958808 | Expense |
| Grants | 13115766 | Grants |
| Revenue | 54025543 | Revenue |
| Description | Georgian Court University serves nearly 2,500 students in 30 undergraduate and 9 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 has mounted a growing online program offering graduate degrees in holistic health and homeland security that are taught in a complete virtual environment. Georgian Court, located in historic Lakewood, N.J., is dedicated to the personal and professional success of its students. The university has historic roots as a womens college, but has served male students in evening and graduate courses since the 1970s. In May 2012, GCU announced that it would become fully co-educational by the fall of 2013. The university provides a values-based liberal arts education that enhances the marketability of GCU graduates across various disciplines and emphasizes purposeful leadership that enables graduates to excel in their careers while contributing to the greater good of their communities, state and nation. GCUs 13:1 student-faculty ratio facilitates unique learning relationships on the graduate and undergraduate levels, and is especially helpful for adult learners who are interested in GCUs accelerated programs, who have busy schedules, job and family obligations, or have limited time to attend class. In recent years, GCU has added new areas of study that reflect employment trends. In May 2012 the university graduated 30 new nurses, the first group to matriculate through the GCU-Meridian Health School of Nursing. The university also has added degrees in recent years in such high-demand areas as homeland security, holistic health, exercise science, dance, psychiatric rehabilitation and psychology, and applied behavior analysis---all of which address growing needs in the marketplace. Also, GCU specialty offerings in autism spectrum disorders, Pre-K to 3rd education, sustainability, graphic design & multimedia, and the universitys 52-week M.B.A. mirror the demands of growth industries in New Jersey and beyond. GCU gives students an exceptional learning environment where they conduct research with faculty and 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, 61% of students have participated in some type of practicum, internship, field experience, co-op, or clinical assignment. In addition, 74% of students have participated in community service or volunteer work by their senior year. Not only are GCU graduates going off to work for major corporations, school districts, and hospitals, but 45% go on to further their education. The university also 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 40 classes that cover subjects ranging from Italian art, history and politics to computer technology, social networking, and memoir writing. Since its founding, MILL has registered more than 500 seniors, ages 50 and older, for non-credit, college-level courses taught by faculty. STUDENT NEED AT GCU About 99 percent of GCU's full-time first-year students receive aid with an average financial aid package of $30,150. Since 2005, the percentage of full-time freshmen receiving Pell grants (federal aid) has nearly doubled, rising from 32% to 59% of students. In addition, 46% of freshmen in the class entering GCU in fall 2011 were first-generation students. For prospective and current Georgian Court students, paying for college is the single biggest roadblock to pursuing a degree. However, with adequate financial support, Georgian Court students succeed in the classroom. Georgian Court is not a typical institution because its high volume of commuter, graduate students, non-traditional students and Communiversity students (who take courses at an off-campus site) all contribute to school pride in ways that a university with a larger body of resident students is more apt to have. | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 1661575 | Expense |
| Description | STUDENT-ATHLETES AT GCU As a member of the Central Athletic Collegiate Conference, Georgian Court University fields 125 athletes in nine 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, Make-a-Wish Foundation, National Girls and Women in Sports Day, and the Tournament of Champions while supporting fundraising for cystic fibrosis and multiple sclerosis research. In addition, students regularly host sports clinics for area youth. | Description |
Activity3 Activity3
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 6505288 | Expense |
| Description | other expenditures to support the operation of offices dedicated to student service activities | Description |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expense | 41125671 | TotalProgramServiceExpense |
| Described In501 C3 | true | DescribedIn501C3 |
| Schedule B Required | true | ScheduleBRequired |
| Political Activities | false | PoliticalActivities |
| Lobbying Activities | true | LobbyingActivities |
| Subject To Proxy Tax | false | SubjectToProxyTax |
| Donor Advised Funds | false | DonorAdvisedFunds |
| Conservation Easements | true | ConservationEasements |
| Collections Of Art | false | CollectionsOfArt |
| Credit Counseling | false | CreditCounseling |
| Term Or Permanent Endowments | true | TermOrPermanentEndowments |
| Report Land Bldg Equip | true | ReportLandBldgEquip |
| Report Invest Oth Securities | true | ReportInvestOthSecurities |
| Report Prog Rel Invest | false | ReportProgRelInvest |
| Report Other Assets | false | ReportOtherAssets |
| Report Other Liabilities | true | ReportOtherLiabilities |
| Report Fin48 Footnote | true | ReportFin48Footnote |
| Independent Audit Financial Stmt | true | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | false | ConsolidatedAuditFinancialStmt |
| School | true | School |
| Foreign Office | false | ForeignOffice |
| Foreign Activities | true | ForeignActivities |
| More Than5000 K To Organizations | false | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | true | MoreThan5000KToIndividuals |
| Professional Fundraising | true | ProfessionalFundraising |
| Fundraising Activities | false | FundraisingActivities |
| Gaming | false | Gaming |
| Hospital | false | Hospital |
| Grants To Organizations | false | GrantsToOrganizations |
| Grants To Individuals | true | GrantsToIndividuals |
| Schedule J Required | true | ScheduleJRequired |
| Tax Exempt Bonds | true | TaxExemptBonds |
| Invest Tax Exempt Bonds | false | InvestTaxExemptBonds |
| Escrow Account | false | EscrowAccount |
| On Behalf Of Issuer | false | OnBehalfOfIssuer |
| Excess Benefit Transaction | false | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | false | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | false | LoanToOfficerOrDQP |
| Grant To Related Person | false | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | false | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | false | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | false | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | false | DeductibleNonCashContributions |
| Deductible Contributions Of Art | false | DeductibleContributionsOfArt |
| Terminated | false | Terminated |
| Partial Liquidation | false | PartialLiquidation |
| Disregarded Entity | false | DisregardedEntity |
| Related Entity | true | RelatedEntity |
| Related Org Controlled Entity | false | RelatedOrgControlledEntity |
| Transaction Related Entity | false | TransactionRelatedEntity |
| Transfers To Exempt Non Chrtbl Org | false | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | false | ActivitiesConductedPartnership |
| Schedule O Required | true | ScheduleORequired |
| Number Forms Transmitted With1096 | 136 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | true | ComplianceWithBackupWitholding |
| Number Of Employees | 940 | NumberOfEmployees |
| Employment Tax Returns Filed | true | EmploymentTaxReturnsFiled |
| Unrelated Business Income | true | UnrelatedBusinessIncome |
| Form990-T Filed | true | Form990-TFiled |
| Foreign Financial Account | false | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTrans |
| Taxable Party Notification | false | TaxablePartyNotification |
| Non Deductible Contributions | false | NonDeductibleContributions |
| Quid Pro Quo Contributions | true | QuidProQuoContributions |
| Quid Pro Quo Disclosure | true | QuidProQuoDisclosure |
| Form8282 Property Disposed Of | false | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | false | FundsToPayPremiums |
| Premiums Paid | false | PremiumsPaid |
| Indoor Tanning Services | false | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 35 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 35 | NumberIndependentVotingMembers |
| Family Or Business Relationship | false | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | false | DelegationOfManagementDuties |
| Changes To Organizing Docs | false | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuse |
| Members Or Stockholders | false | MembersOrStockholders |
| Election Of Board Members | true | ElectionOfBoardMembers |
| Decisions Subject To Approval | true | DecisionsSubjectToApproval |
| Minutes Of Governing Body | true | MinutesOfGoverningBody |
| Minutes Of Committees | true | MinutesOfCommittees |
| Officer Mailing Address | false | OfficerMailingAddress |
| Local Chapters | false | LocalChapters |
| Form990 Provided To Governing Body | true | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | true | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | true | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | true | RegularMonitoringEnforcement |
| Whistleblower Policy | true | WhistleblowerPolicy |
| Document Retention Policy | true | DocumentRetentionPolicy |
| Compensation Process CEO | true | CompensationProcessCEO |
| Compensation Process Other | true | CompensationProcessOther |
| Investment In Joint Venture | false | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | NJ | StatesWhereCopyOfReturnIsFiled |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | ROBERT KENNY | NamePerson |
| Telephone Number | 7329872416 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 900 LAKEWOOD AVENUE | AddressLine1 |
| City | LAKEWOOD | City |
| State | NJ | State |
| ZIP Code | 08704 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part VII | X | InfoInScheduleOPartVII |
Form990 Part VII Section A Form990PartVIISectionA (44 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | OfficerOfficer | Highest Compensated EmployeeHighestCompensatedEmployee |
|---|---|---|---|---|---|---|---|
| Raymond F Shea Jr Esq | |||||||
| Board Chair | 1.0 | X | 0 | 0 | 0 | ||
| Lesa Lardieri-Wright | |||||||
| Board Vice Chair | 1.0 | X | 0 | 0 | 0 | ||
| Patricia E Koch Esq | |||||||
| Immediate Past Chair | 1.0 | X | 0 | 0 | 0 | ||
| Johanna Diaz CPA | |||||||
| Board Member | 1.0 | X | 0 | 0 | 0 | ||
| Joseph G DiCorcia Esq | |||||||
| Board Member | 1.0 | X | 0 | 0 | 0 | ||
| John Paul Doyle Esq | |||||||
| Board Member | 1.0 | X | 0 | 0 | 0 | ||
| Elisabeth Fontenelli | |||||||
| Board Member | 1.0 | X | 0 | 0 | 0 | ||
| Fiah Gussin | |||||||
| Board Member | 1.0 | X | 0 | 0 | 0 | ||
| Patricia Smith Heanue | |||||||
| Board Member | 1.0 | X | 0 | 0 | 0 | ||
| James J Knipper | |||||||
| Board Member | 1.0 | X | 0 | 0 | 0 | ||
| Robert W Koar | |||||||
| Board Member | 1.0 | X | 0 | 0 | 0 | ||
| Monsignor Casimir H Ladzinski | |||||||
| Board Member | 1.0 | X | 0 | 0 | 0 | ||
| Francis G Coleman | |||||||
| Board Member | 1.0 | X | 0 | 0 | 0 | ||
| Eugenia E Lawson | |||||||
| Board Member | 1.0 | X | 0 | 0 | 0 | ||
| John K Lloyd | |||||||
| Board Member | 1.0 | X | 0 | 0 | 0 | ||
| Mary Meehan PHD | |||||||
| Board Member | 1.0 | X | 0 | 0 | 0 | ||
| Deirdre Mullan RSM PhD | |||||||
| Board Member | 1.0 | X | 0 | 0 | 0 | ||
| Elizabeth Mulvihill | |||||||
| Board Member | 1.0 | X | 0 | 0 | 0 | ||
| Linda M Orlando | |||||||
| Board Member | 1.0 | X | 0 | 0 | 0 | ||
| Carol Rittner RSM DEd | |||||||
| Board Member | 1.0 | X | 0 | 0 | 0 | ||
| John W Seazholtz | |||||||
| Board Member | 1.0 | X | 0 | 0 | 0 | ||
| Judge Eugene D Serpentelli | |||||||
| Board Member | 1.0 | X | 0 | 0 | 0 | ||
| Senator Robert W Singer | |||||||
| Board Member | 1.0 | X | 0 | 0 | 0 | ||
| Peter R Strohm Esq | |||||||
| Board Member | 1.0 | X | 0 | 0 | 0 | ||
| Thomas J Sykes AIA PP | |||||||
| Board Member | 1.0 | X | 0 | 0 | 0 | ||
| Deborah Hanley Williams | |||||||
| Board Member | 1.0 | X | 0 | 0 | 0 | ||
| Mary Doris Wiswell RSM CAC | |||||||
| Board Member | 1.0 | X | 0 | 0 | 0 | ||
| Tessa M Breslin | |||||||
| Board Member | 1.0 | X | 0 | 0 | 0 | ||
| Reverend Paul A Holmes STD | |||||||
| Board Member | 1.0 | X | 0 | 0 | 0 | ||
| Amelia A McTamaney | |||||||
| Board Member | 1.0 | X | 0 | 0 | 0 | ||
| Edward Nadworny | |||||||
| Board Member | 1.0 | X | 0 | 0 | 0 | ||
| Mark N Ricca | |||||||
| Board Member | 1.0 | X | 0 | 0 | 0 | ||
| Patricia Talone RSM | |||||||
| Board Member | 1.0 | X | 0 | 0 | 0 | ||
| Regina Ward RSM | |||||||
| Board Member | 1.0 | X | 0 | 0 | 0 | ||
| Rosemary E Jeffries RSM PhD | |||||||
| President | 35.0 | 0 | 0 | 103137 | X | ||
| Margaret A Huber | |||||||
| VP for Institutional Advncmt | 35.0 | 158713 | 0 | 10023 | X | ||
| Evelyn Saul Quinn | |||||||
| Assoc Prov Dean Stud/Asst Prof | 35.0 | 162439 | 0 | 24382 | X | ||
| Ruth Ann M Burns | |||||||
| VP for Marketing & External Af | 35.0 | 116650 | 0 | 12262 | X | ||
| Suzanne Elliott RSM | |||||||
| VP Mission / Business Affairs | 35.0 | 0 | 0 | 4264 | X | ||
| James Monahan | |||||||
| Dean of Business School | 35.0 | 170177 | 0 | 11339 | X | ||
| Jacqueline Kress PhD | |||||||
| Dean, School of Educ/Prof | 35.0 | 132602 | 0 | 11009 | X | ||
| Leslie Korb | |||||||
| Program Director-MBA / Faculty | 35.0 | 120724 | 9540 | X | |||
| Linda James PhD | |||||||
| Dean, Sch of Sc & Math/Prof | 35.0 | 120313 | 0 | 10529 | X | ||
| Maureen Ryan-Hoffman | |||||||
| Controller | 35.0 | 105766 | 0 | 23097 | X | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 1087384 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 219582 | TotalOtherCompensation |
| Number Individuals GT100 K | 14 | NumberIndividualsGT100K |
| Formers Listed | false | FormersListed |
| Total Comp GT150 K | true | TotalCompGT150K |
| Compensation From Other Sources | false | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (5 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| SUNGARD HIGHER EDUCATION | |||||
| 13377 COLLECTIONS CENTER DRIVE | CHICAGO | IL | 60693 | MGMT FEES | 1487819 |
| ebsco information services | |||||
| 30 Park Road Suite 2 | TINTON FALLS | NJ | 07724 | IT SERVICES | 203538 |
| Follett Higher Education Group | |||||
| 3146 Solutions Center | CHICAGO | IL | 60677 | operate bookstore | 279724 |
| Badger Roofing Co Inc | |||||
| 5 Smalley Avenue | MIDDLESEX | NJ | 08846 | Contractor | 471375 |
| Collegiate Enterprise Solutions LLC | |||||
| 3 Centennial Drive | PEABODY | MA | 01960 | Consultant | 221588 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 13 | NumberOfContractorsGT100K |
| Fundraising Events | 670 | FundraisingEvents |
| Government Grants | 1112979 | GovernmentGrants |
| All Other Contributions | 2195865 | AllOtherContributions |
| Noncash Contributions | 15066 | NoncashContributions |
| Total Contributions | 3309514 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (3 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome | ExclusionExclusionAmount |
|---|---|---|---|---|
| TUITION AND FEES | 900099 | 49498849 | 49498849 | |
| RESIDENCE HALLS AND DINING SERVICES | 900099 | 4095572 | 4095572 | |
| BOOKSTORE INCOME | 900099 | 110513 | $110,513 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 53704934 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 1075300 | TotalRevenueColumn |
| Unrelated Business Revenue | 442 | UnrelatedBusinessRevenue |
| Exclusion | $1,074,858 | ExclusionAmount |
Income From Invest Bond Proceeds IncomeFromInvestBondProceeds
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Royalties Revenue RoyaltiesRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Gross Rents GrossRents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 261362 | Real |
Rental Income Or Loss RentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 261362 | Real |
Net Rental Income Or Loss NetRentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 261362 | TotalRevenueColumn |
| Unrelated Business Revenue | 261362 | UnrelatedBusinessRevenue |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 28691285 | Securities |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 27960988 | Securities |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 730297 | Securities |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 730297 | TotalRevenueColumn |
| Exclusion | $730,297 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrbtns Rprtd Fundraising Events | 670 | CntrbtnsRprtdFundraisingEvents |
| Fundraising Direct Expenses | 100 | FundraisingDirectExpenses |
Net Income From Fundraising Events NetIncomeFromFundraisingEvents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -100 | TotalRevenueColumn |
| Exclusion | -$100 | ExclusionAmount |
Net Income From Gaming NetIncomeFromGaming
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Net Income Or Loss NetIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Other Revenue Misc OtherRevenueMisc
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | OTHER STUDENT ACTIVITIES/MISCELLANEOUS | Description |
| Business Code | 900099 | BusinessCode |
| Total Revenue Column | 431122 | TotalRevenueColumn |
| Related Or Exempt Function Income | 431122 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 431122 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 59512429 | TotalRevenueColumn |
| Related Or Exempt Function Income | 54025543 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 261804 | UnrelatedBusinessRevenue |
| Exclusion | $1,915,568 | ExclusionAmount |
Grants To Domestic Orgs GrantsToDomesticOrgs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 13043723 | Total |
| Program Services | 13043723 | ProgramServices |
Foreign Grants ForeignGrants
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 72043 | Total |
| Program Services | 72043 | ProgramServices |
Benefits To Members BenefitsToMembers
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 484468 | Total |
| Program Services | 186820 | ProgramServices |
| Management And General | 128912 | ManagementAndGeneral |
| Fundraising | 168736 | Fundraising |
Comp Disqual Persons CompDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 18584754 | Total |
| Program Services | 14532653 | ProgramServices |
| Management And General | 3374125 | ManagementAndGeneral |
| Fundraising | 677976 | Fundraising |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 615521 | Total |
| Program Services | 466940 | ProgramServices |
| Management And General | 118077 | ManagementAndGeneral |
| Fundraising | 30504 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2637940 | Total |
| Program Services | 1814279 | ProgramServices |
| Management And General | 723607 | ManagementAndGeneral |
| Fundraising | 100054 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1604232 | Total |
| Program Services | 1252357 | ProgramServices |
| Management And General | 281887 | ManagementAndGeneral |
| Fundraising | 69988 | Fundraising |
Fees For Services Management FeesForServicesManagement
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 56016 | Total |
| Program Services | 56016 | ProgramServices |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 76545 | Total |
| Management And General | 76545 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 121535 | Total |
| Management And General | 121535 | ManagementAndGeneral |
Fees For Services Lobbying FeesForServicesLobbying
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 48360 | Total |
| Management And General | 48360 | ManagementAndGeneral |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 100000 | Total |
| Fundraising | 100000 | Fundraising |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 173467 | Total |
| Management And General | 173467 | ManagementAndGeneral |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 996294 | Total |
| Program Services | 584523 | ProgramServices |
| Management And General | 348877 | ManagementAndGeneral |
| Fundraising | 62894 | Fundraising |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 714422 | Total |
| Program Services | 357731 | ProgramServices |
| Management And General | 347868 | ManagementAndGeneral |
| Fundraising | 8823 | Fundraising |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1253114 | Total |
| Program Services | 926993 | ProgramServices |
| Management And General | 166986 | ManagementAndGeneral |
| Fundraising | 159135 | Fundraising |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2388085 | Total |
| Program Services | 2201033 | ProgramServices |
| Management And General | 27876 | ManagementAndGeneral |
| Fundraising | 159176 | Fundraising |
Royalties Royalties
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1632456 | Total |
| Program Services | 412230 | ProgramServices |
| Management And General | 1220226 | ManagementAndGeneral |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 312068 | Total |
| Program Services | 274661 | ProgramServices |
| Management And General | 19190 | ManagementAndGeneral |
| Fundraising | 18217 | Fundraising |
Travel Entrtnmnt Public Officials TravelEntrtnmntPublicOfficials
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 102355 | Total |
| Program Services | 74151 | ProgramServices |
| Management And General | 25716 | ManagementAndGeneral |
| Fundraising | 2488 | Fundraising |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1512157 | Total |
| Management And General | 1512157 | ManagementAndGeneral |
Payments To Affiliates PaymentsToAffiliates
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3481388 | Total |
| Management And General | 3481388 | ManagementAndGeneral |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 840124 | Total |
| Program Services | 79556 | ProgramServices |
| Management And General | 760568 | ManagementAndGeneral |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | FundraisingFundraising | Management And GeneralManagementAndGeneral |
|---|---|---|---|---|
| DINING HALL | 1435966 | 1435966 | ||
| STUDENT PROGRAMS & SERVICES | 1017914 | 999858 | 18056 | |
| STATE/FED GRANT AID SUPPORT | 752786 | 752786 | ||
| RECRUITING | 375064 | 236048 | 112440 | 26576 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3399908 | Total |
| Program Services | 1365304 | ProgramServices |
| Management And General | 1731790 | ManagementAndGeneral |
| Fundraising | 302814 | Fundraising |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 57832705 | Total |
| Program Services | 41125671 | ProgramServices |
| Management And General | 14715733 | ManagementAndGeneral |
| Fundraising | 1991301 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4961291 | BOY |
| EOY | 5747334 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 285490 | BOY |
| EOY | 1397282 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1769752 | BOY |
| EOY | 2204058 | EOY |
Receivables From Officers Etc ReceivablesFromOfficersEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Receivables From Disqual Persons ReceivablesFromDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 6342 | BOY |
| EOY | 18727 | EOY |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 8753 | BOY |
| EOY | 3772 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 276866 | BOY |
| EOY | 127595 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 97739174 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 33703833 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 66129312 | BOY |
| EOY | 64035341 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 36317774 | BOY |
| EOY | 35713366 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 11321539 | BOY |
| EOY | 10443206 | EOY |
Investments Program Related InvestmentsProgramRelated
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Intangible Assets IntangibleAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1251906 | BOY |
| EOY | 1376621 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 122329025 | BOY |
| EOY | 121067302 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4607247 | BOY |
| EOY | 4352806 | EOY |
Grants Payable GrantsPayable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 120486 | BOY |
| EOY | 133484 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1263858 | BOY |
| EOY | 1254815 | EOY |
Tax Exempt Bond Liabilities TaxExemptBondLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 29824580 | BOY |
| EOY | 28846268 | EOY |
Escrow Account Liability EscrowAccountLiability
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Loans From Officers Directors LoansFromOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1325887 | BOY |
| EOY | 1078623 | EOY |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1178409 | BOY |
| EOY | 1305259 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 38320467 | BOY |
| EOY | 36971255 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 66891071 | BOY |
| EOY | 65670261 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5077405 | BOY |
| EOY | 6239843 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 12040082 | BOY |
| EOY | 12185943 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 84008558 | BOY |
| EOY | 84096047 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 122329025 | BOY |
| EOY | 121067302 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 1679724 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | -1592235 | ReconcilationOtherChanges |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | false | AccountantCompileOrReview |
| FS Audited | true | FSAudited |
| Audit Committee | true | AuditCommittee |
| Financial Statement Separate | X | FinancialStatementSeparate |
| Federal Grant Audit Required | true | FederalGrantAuditRequired |
| Federal Grant Audit Performed | true | FederalGrantAuditPerformed |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School170b1 Aii | X | School170b1Aii |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule C IRS990ScheduleC
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grassroots Lobbying | TotalGrassrootsLobbying | |
| Total Direct Lobbying | TotalDirectLobbying | |
| Total Lobbying Expenditures | TotalLobbyingExpenditures | |
| Other Exempt Purpose Expenditures | OtherExemptPurposeExpenditures | |
| Total Exempt Purpose Expenditures | TotalExemptPurposeExpenditures | |
| Lobbying Nontaxable | LobbyingNontaxableAmount | |
| Grassroots Nontaxable | GrassrootsNontaxableAmount | |
| Tot Lobbying Grassroot Minus Non Tx | TotLobbyingGrassrootMinusNonTx | |
| Tot Lobby Expend Mns Lobbying Nontx | TotLobbyExpendMnsLobbyingNontx | |
| Volunteers | false | Volunteers |
| Paid Staff Or Management | true | PaidStaffOrManagement |
| Media Advertisements | false | MediaAdvertisements |
| Mailings Members | false | MailingsMembers |
| Publications Or Broadcast | false | PublicationsOrBroadcast |
| Grants Other Organizations | false | GrantsOtherOrganizations |
| Direct Contact Legislators | true | DirectContactLegislators |
| Direct Contact Legislators | $2,021 | DirectContactLegislatorsAmount |
| Rallies Demonstrations | false | RalliesDemonstrations |
| Other Activities | true | OtherActivities |
| Other Activities | $4,836 | OtherActivitiesAmount |
| Total Lobbying Expenditures IIB | 6857 | TotalLobbyingExpendituresIIB |
| Not Described In501c3 | false | NotDescribedIn501c3 |
Form990 Schedule C Part IV Form990ScheduleCPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | SCHEDULE C, PART II-B, LINE 1 | Identifier |
| Explanation | 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, 2012 were $48,360. The firm expended 10% of effort on lobbying ($4,836) and 90% on grant-writing assistance. 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, 2012, the lobbying amount was $2,021. 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. | Explanation |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Historic Land Area | X | HistoricLandArea |
| Total Number Of Easements | 1 | TotalNumberOfEasements |
| Total Acreage | 1.99 | TotalAcreage |
| Nmbr Hist Struct Easements | 1 | NmbrHistStructEasements |
| Nmbr Easements Modified | 0 | NmbrEasementsModified |
| Nmbr States In Which Easements Held | 1 | NmbrStatesInWhichEasementsHeld |
| Written Policy Monitoring | false | WrittenPolicyMonitoring |
| Staff Hours Spent On Enforcement | 0.00 | StaffHoursSpentOnEnforcement |
| Expenses Incurred For Enforcement | 0 | ExpensesIncurredForEnforcement |
| Art Public Exhibition Amts | ArtPublicExhibitionAmts | |
| Held Works Of Art Amts | HeldWorksOfArtAmts |
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 44363193 | BeginningOfYearBalance |
| Contributions | 186376 | Contributions |
| Investment Earnings Or Losses | 207094 | InvestmentEarningsOrLosses |
| Other Expenditures | 1671348 | OtherExpenditures |
| End Of Year Balance | 43085315 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 37753402 | BeginningOfYearBalance |
| Contributions | 145999 | Contributions |
| Investment Earnings Or Losses | 7873124 | InvestmentEarningsOrLosses |
| Other Expenditures | 1409332 | OtherExpenditures |
| End Of Year Balance | 44363193 | EndOfYearBalance |
Current Year Minus2 Years CurrentYearMinus2Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 33429111 | BeginningOfYearBalance |
| Contributions | 81117 | Contributions |
| Investment Earnings Or Losses | 6229294 | InvestmentEarningsOrLosses |
| Other Expenditures | 1986120 | OtherExpenditures |
| End Of Year Balance | 37753402 | EndOfYearBalance |
Current Year Minus3 Years CurrentYearMinus3Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 35278684 | BeginningOfYearBalance |
| Contributions | 5867869 | Contributions |
| Investment Earnings Or Losses | -7501721 | InvestmentEarningsOrLosses |
| Other Expenditures | 215721 | OtherExpenditures |
| End Of Year Balance | 33429111 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated EOY Balance | 0.62600 | BoardDesignatedEOYBalance |
| Permanent Endowment EOY Balance | 0.28300 | PermanentEndowmentEOYBalance |
| Term Endowment EOY Balance | 0.09100 | TermEndowmentEOYBalance |
| Endowments Held By Unrelated Orgs | false | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | false | EndowmentsHeldByRelatedOrgs |
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 4543047 | OtherCostOrOtherBasis |
| Book Value | 4543047 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 74488785 | OtherCostOrOtherBasis |
| Depreciation | 18546144 | Depreciation |
| Book Value | 55942641 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Leasehold Improvements | LeaseholdImprovements |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 15629457 | OtherCostOrOtherBasis |
| Depreciation | 12238213 | Depreciation |
| Book Value | 3391244 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 3077885 | OtherCostOrOtherBasis |
| Depreciation | 2919476 | Depreciation |
| Book Value | 158409 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 64035341 | TotalOfBookValueLandBuildings |
| Financial Derivatives | FinancialDerivatives | |
| Closely Held Equity Interests | CloselyHeldEquityInterests |
Other Securities OtherSecurities (5 entries)
| DescriptionDescription | Book ValueBookValue |
|---|---|
| HEDGE FUNDS | 3529827 |
| INVESTMENTS HELD BY TRUSTEE | 2820629 |
| PRIVATE EQUITY FUNDS | 1017750 |
| STRUCTURED CREDIT FUNDS | 1687927 |
| SPECIAL SITUATIONS FUNDS | 1387073 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Securities | 10443206 | TotalOfBookValueSecurities |
| Federal Income Tax Liability | 0 | FederalIncomeTaxLiability |
Other Liabilities OtherLiabilities (3 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| OTHER LIABILITIES | $448,999 |
| CONDITIONAL ASSET RETIREMENT OBLIG | $814,146 |
| ANNUITY PAYMENT LIABILITY | $42,114 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 1305259 | TotalOfAmounts |
| Total Revenue | 59512429 | TotalRevenue |
| Total Expenses | 57832705 | TotalExpenses |
| Excess Or Deficit For Year | 1679724 | ExcessOrDeficitForYear |
| Net Unrealized GL On Investments | -1592235 | NetUnrealizedGLOnInvestments |
| Total Adjustments | -1592235 | TotalAdjustments |
| Excess Or Deficit Per FS | 87489 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 44804428 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | -1592235 | NetUnrealizedGainsInvestments |
| Other Revenues | -13115766 | OtherRevenues |
| Revenue Not Rptd F990 | -14708001 | RevenueNotRptdF990 |
| Revenue Subtotal | 59512429 | RevenueSubtotal |
| Total Revenue Per Form990 | 59512429 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 44716939 | TotExpensesEtcAuditedFinclStmt |
| Expenses Subtotal | 44716939 | ExpensesSubtotal |
| Other Expenses Not Included | 13115766 | OtherExpensesNotIncluded |
| Expenses Not Rptd On Fin Stmt | 13115766 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 57832705 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (4 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| 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 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, 2011 and 2010, the University does not believe its financial statements include any material uncertain tax positions. |
| RECONCILIATION OF REVENUE | FORM 990, SCHEDULE D, PART XII, LINE 2D SCHOLARSHIP EXPENSE -$13,115,766 (Reclass) | |
| RECONCILIATION OF EXPENSES | FORM 990, SCHEDULE D, PART XIII, LINE 4B SCHOLARSHIP EXPENSE $13,115,766 (Reclass) |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | true | NondiscriminatoryPolicyStmt |
| Policy Statement In Brochures Etc | true | PolicyStatementInBrochuresEtc |
| Policy Publ Via Broadcast Media | true | PolicyPublViaBroadcastMedia |
| Maint Racial Composition Records | true | MaintRacialCompositionRecords |
| Maint Scholarships Records | true | MaintScholarshipsRecords |
| Maint Copies Of Brochures Etc | true | MaintCopiesOfBrochuresEtc |
| Maint Copies Of All Solicitations | true | MaintCopiesOfAllSolicitations |
| Discriminate Race Students Rights | false | DiscriminateRaceStudentsRights |
| Discriminate Race Admiss Policies | false | DiscriminateRaceAdmissPolicies |
| Discriminate Race Emplmn Faculty | false | DiscriminateRaceEmplmnFaculty |
| Discriminate Race Scholarships | false | DiscriminateRaceScholarships |
| Discriminate Race Educ Policies | false | DiscriminateRaceEducPolicies |
| Discriminate Race Use Of Fclts | false | DiscriminateRaceUseOfFclts |
| Discriminate Race Athletic Prog | false | DiscriminateRaceAthleticProg |
| Discriminate Race Other Acty | false | DiscriminateRaceOtherActy |
| Government Financial Aid Received | true | GovernmentFinancialAidReceived |
| Government Financial Aid Revoked | false | GovernmentFinancialAidRevoked |
| Compliance With Rev Proc7550 | true | ComplianceWithRevProc7550 |
Form990 Schedule E Part II Form990ScheduleEPartII (2 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| 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 Family Education Loan Program Teacher Education Assistance for College and Higher Education Grants (TEACH Grants) Other U.S. Department of Education Aid - Trio Student Support Services College Access Challenge-Grant Dual Enrollment College Access Challenge-Grant Tools for College Success Improving Teacher Quality State Grants U.S. Department of Interior: Save America's Treasure Grant New Jersey Department of Education: Student Financial Aid Cluster - Tuition Aid Grant Gear Up Grant Distinguished Scholarship Program Urban Scholarship Program Other NJ Department of Education Assistance - Education Opportunity Fund-Grant Education Opportunity Fund-Article IV Passthrough CTI Sponsorship and NJEOFPA Conference Education Opportunity Fund-Summer New Jersey Department of Health and Human Services: Vocational Rehabilitation Direct Services New Jersey Commission for the Blind Aid to Independent Colleges and Universities: NJEFA-Dormitory Safety Trust Fund, Series 2001A -Interest Subsidy NJEFA-Dormitory Safety Trust Fund, Series 2003A -Interest Subsidy |
Schedule F IRS990ScheduleF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | true | GrantRecordsMaintained |
Accts Actvs Out US Table AcctsActvsOutUSTable (2 entries)
| RegionRegion | Type Of Activities ConductedTypeOfActivitiesConducted | Specific Services ProvidedSpecificServicesProvided | Total ExpendituresTotalExpenditures |
|---|---|---|---|
| Central America and the Caribbean | Grantmaking | SCHOLARSHIPS | 38503 |
| Middle East and North Africa | Grantmaking | SCHOLARSHIPS | 33540 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Amount Spent | 72043 | SubtotalAmountSpent |
| Total Amount Spent | 72043 | TotalAmountSpent |
Grants To Ind Outside US GrantsToIndOutsideUS (4 entries)
| Type Of AssistanceTypeOfAssistance | RegionRegion | Number Of RecipientsNumberOfRecipients | Amount Of Cash GrantAmountOfCashGrant |
|---|---|---|---|
| INSTITUTIONAL GRANT AID | Cent. America/Caribbean | 1 | 11800 |
| INSTITUTIONAL GRANT AID | Cent. America/Caribbean | 1 | 1513 |
| RELIGIOUS GRANTS & DISCOUNTS | Cent. America/Caribbean | 1 | 25190 |
| INSTITUTIONAL GRANT AID | Middle East/North Africa | 1 | 33540 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Transfer To Foreign Corp | false | TransferToForeignCorp |
| Interest In Foreign Trust | false | InterestInForeignTrust |
| Own Foreign Corp | false | OwnForeignCorp |
| Passive Foreign Invest Co | false | PassiveForeignInvestCo |
| Foreign Partnership | false | ForeignPartnership |
| Boycott Countries | false | BoycottCountries |
Form990 Schedule F Part V Form990ScheduleFPartV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | MONITORING OF FUNDS | Identifier |
| Return Reference | PART I, LINE 2 | ReturnReference |
| Explanation | The University grants listed on Schedule F 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. | Explanation |
Schedule G IRS990ScheduleG
| Field | Value | IRS element (for citing) |
|---|---|---|
| Mail Solicitations | X | MailSolicitations |
| Email Solicitations | X | EmailSolicitations |
| Phone Solicitations | X | PhoneSolicitations |
| In Person Solicitations | X | InPersonSolicitations |
| Solicitation Of Non Govt Grants | X | SolicitationOfNonGovtGrants |
| Solicitation Of Govt Grants | X | SolicitationOfGovtGrants |
| Special Fundraising Events | X | SpecialFundraisingEvents |
| Agreement Ref Fundraising | true | AgreementRefFundraising |
Fundraiser Activity Information FundraiserActivityInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Individual | Ronald Larose Assoc Inc | NameOfIndividual |
| Activity | Consultant | Activity |
| Fundraiser Control Of Funds | false | FundraiserControlOfFunds |
| Amount Retained By Contractor | 96000 | AmountRetainedByContractor |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Retained By Contractors | 96000 | TotalRetainedByContractors |
| Licensed States | NJ | LicensedStates |
Address Of Gaming Rec Keeper US AddressOfGamingRecKeeperUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 900 LAKEWOOD AVENUE | AddressLine1 |
| City | LAKEWOOD | City |
| State | NJ | State |
| ZIP Code | 08704 | ZIPCode |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | true | RecordsMaintained |
Form990 Schedule I Part III Form990ScheduleIPartIII (6 entries)
| Type Of GrantTypeOfGrant | Number Of RecipientsNumberOfRecipients | Amount Of Cash GrantAmountOfCashGrant |
|---|---|---|
| INSTITUTIONAL GRANT AID | 2010 | 8642365 |
| TRANSFER SCHOLARSHIPS | 382 | 1704429 |
| ATHLETIC GRANTS | 108 | 995784 |
| NURSING SCHOLARSHIPS | 117 | 792100 |
| RELIGIOUS GRANTS & DISCOUNTS | 105 | 424807 |
| ENDOWED GRANTS | 184 | 484238 |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | MONITORING OF FUNDS | Identifier |
| Return Reference | PART I, LINE 2 | ReturnReference |
| Explanation | 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. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Housing Allowance Or Residence | X | HousingAllowanceOrResidence |
| Personal Services | X | PersonalServices |
| Written Policy Re T And E Expenses | false | WrittenPolicyReTAndEExpenses |
| Substantiation Required | true | SubstantiationRequired |
| Compensation Committee | X | CompensationCommittee |
| Written Employment Contract | X | WrittenEmploymentContract |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | false | SeverancePayment |
| Supplemental Nonqual Retire Plan | false | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | false | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | false | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | false | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | false | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | false | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | false | AnyNonFixedPayments |
| Initial Contract Exception | false | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII (3 entries)
| Base Compensation Filing OrgBaseCompensationFilingOrg | Comp Based On Related OrgsCompBasedOnRelatedOrgs | Bonus Filing OrgBonusFilingOrg | Bonus Related OrgsBonusRelatedOrgs | Other Compensation Filing OrgOtherCompensationFilingOrg | Other Compensation Related OrgsOtherCompensationRelatedOrgs | Deferred Comp Filing OrgDeferredCompFilingOrg | Deferred Comp Related OrgsDeferredCompRelatedOrgs | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs | Total Compensation Filing OrgTotalCompensationFilingOrg | Total Compensation Related OrgsTotalCompensationRelatedOrgs |
|---|---|---|---|---|---|---|---|---|---|---|---|
| James Monahan | |||||||||||
| 163492 | 0 | 0 | 0 | 6685 | 0 | 2818 | 0 | 8521 | 0 | 181516 | 0 |
| Margaret A Huber | |||||||||||
| 151050 | 0 | 0 | 0 | 7663 | 0 | 2526 | 0 | 7497 | 0 | 168736 | 0 |
| Evelyn Saul Quinn | |||||||||||
| 154271 | 0 | 0 | 0 | 8168 | 0 | 3443 | 0 | 20939 | 0 | 186821 | 0 |
Form990 Schedule J Part III Form990ScheduleJPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Compensation | Identifier |
| Return Reference | Form 990, Schedule J, Line 1 | ReturnReference |
| Explanation | 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, the Dean of Arts and Sciences, and the Director of Financial Aid. All temporary personnel were hired through an agency and provided the benefit due to out-of-state residency. | Explanation |
Schedule K IRS990ScheduleK
Form990 Schedule K Part I Form990ScheduleKPartI (4 entries)
| Issuer EINIssuerEIN | CUSIP NumberCUSIPNumber | Date IssuedDateIssued | Issue PriceIssuePrice | Description Of PurposeDescriptionOfPurpose | DefeasedDefeased | On Behalf Of IssuerOnBehalfOfIssuer | Pool FinancingPoolFinancing |
|---|---|---|---|---|---|---|---|
| NEW JERSEY EDUCATIONAL FACILITIES AUTHORITY 2007 | |||||||
| 221829511 | 646065KQ4 | 2007-07-19 | 27196077 | ADVANCE REFUNDING/CONSTRUCTION | false | false | false |
| NEW JERSEY EDUCATIONAL FACILITIES AUTHORITY 2003 | |||||||
| 221829511 | 64605LFQ6 | 2003-08-21 | 15933891 | CONSTRUCTION/CAPITAL IMPROVEMENTS | false | false | false |
| NEW JERSEY EDUCATIONAL FACILITIES AUTH 2004A2006A | |||||||
| 221829511 | 646065LMN | 2004-04-14 | 2702688 | FINANCING CAPITAL IMPROVEMENTS | false | false | true |
| NEW JERSEY EDUCATIONAL FACILITIES AUTHORITY 2007 | |||||||
| 221829511 | 2007-09-28 | 1050000 | PURCHASE PROPERTY | false | false | false | |
Form990 Schedule K Part II Form990ScheduleKPartII (4 entries)
| Amount RetiredAmountRetired | Amount Bond DefeasedAmountBondDefeased | Total ProceedsTotalProceeds | Amount In Reserve FundAmountInReserveFund | Capitalized InterestCapitalizedInterest | Refunding EscrowRefundingEscrow | Issuance Costs From ProceedsIssuanceCostsFromProceeds | Credit EnhancementCreditEnhancement | Working Capital ExpendituresWorkingCapitalExpenditures | Capital ExpendituresCapitalExpenditures | Other Spent ProceedsOtherSpentProceeds | Amount UnspentAmountUnspent | Current RefundingCurrentRefunding | Advance RefundingAdvanceRefunding | Final Allocation MadeFinalAllocationMade | Adequate Books And Recds MaintaindAdequateBooksAndRecdsMaintaind |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 0 | 0 | 29252014 | 1738347 | 0 | 13468490 | 443446 | 0 | 0 | 11457843 | 0 | 0 | false | true | true | true |
| 0 | 0 | 16307409 | 54 | 0 | 0 | 318678 | 0 | 0 | 14694270 | 0 | 0 | false | false | true | true |
| 0 | 0 | 2702698 | 0 | 0 | 0 | 39988 | 0 | 0 | 2666270 | 0 | 0 | false | false | true | true |
| 0 | 0 | 1050000 | 0 | 0 | 0 | 0 | 0 | 0 | 1050000 | 0 | 0 | false | false | true | true |
Form990 Schedule K Part III Form990ScheduleKPartIII (4 entries)
| Owning Bond Financed PropertyOwningBondFinancedProperty | Any Lease ArrangementsAnyLeaseArrangements | Mngment Cntrct Bond Financd PrprtyMngmentCntrctBondFinancdPrprty | Engage Bond Counsel ContractsEngageBondCounselContracts | Any Research AgreementsAnyResearchAgreements | Prcntge Prvt Business Use By OthersPrcntgePrvtBusinessUseByOthers | Percentage Of Prvt Business Re UBIPercentageOfPrvtBusinessReUBI | Total Private Business UseTotalPrivateBusinessUse | Post Issuance Compliance ProcdrsPostIssuanceComplianceProcdrs |
|---|---|---|---|---|---|---|---|---|
| false | false | true | true | false | 0.00000 | 0.00000 | 0.00000 | true |
| false | false | true | true | false | 0.00000 | 0.00000 | 0.00000 | true |
| false | false | false | false | 0.00000 | 0.00000 | 0.00000 | true | |
| false | false | false | false | 0.00000 | 0.00000 | 0.00000 | true |
Form990 Schedule K Part IV Form990ScheduleKPartIV (4 entries)
| Form8038 T FiledForm8038TFiled | Variable Rate IssueVariableRateIssue | Hedge Identified In Books And RecdsHedgeIdentifiedInBooksAndRecds | Gross Proceeds Invested In GICGrossProceedsInvestedInGIC | Business Name Line1NameOfGICProvider/BusinessNameLine1 | Gross Proceeds InvestedGrossProceedsInvested | Exception To RebateExceptionToRebate |
|---|---|---|---|---|---|---|
| 0 | ||||||
| false | false | false | false | 0 | true | false |
| 0 | ||||||
| false | false | false | false | 0 | true | false |
| 0 | ||||||
| false | false | false | false | 0 | false | false |
| 0 | ||||||
| false | false | false | false | 0 | false | true |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (8 entries)
| IdentifierIdentifier | ExplanationExplanation |
|---|---|
| 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 and financial statements are available upon request. Financial statements are listed with bond reporting agencies. Form 990 is provided to the public upon request. |
| FORM 990, Part VII | President, Sister Rosemary Jeffries and the VP for Mission and Business Affairs, Sister Suzanne Elliot, are represented as having received no compensation from the University because the Order they represent receives all compensation they would both 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 2011 totaled $980,167 and the compensation for these two positions 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 5 | UNREALIZED LOSS $1,592,235 |
| FORM 990, SCHEDULE K | Schedule k, date issued 8/21/2003: this bond refunded a portion of the New Jersey educational facilities authority bonds, Georgian Court college issue, 2003 project b schedule k, 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. 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 2004 a bonds and part of several other issues of capital improvement bonds. Debt service on the 2004 a 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 2004 a bonds. Schedule k, date issued 10/9/2003: this bond issue was issued by the New Jersey educational facilities authority pursuant to a state program to finance dormitory safety improvements. The proceeds were loaned to 12 educational institutions. Georgian Court received a loan of $178,198.33 out of $5,440,339.33. Thus, Georgian Court university received 3.2755% of the loans. This percentage was applied to the issue price and costs of issuance shown on the form 8038 for the bonds to obtain the amounts shown in part i, column (e) and part ii, line 6, column (e). The information about rebate in part iv is for the entire issue and is based on the most recent rebate report received by the authority. The loans made to Georgian Court and the other borrowers were interest free loans. Georgian Court is obligated to repay principal of its loan and the state of New Jersey pays debt service subject to appropriation. |
Schedule R IRS990ScheduleR
Form990 Schedule R Part II Form990ScheduleRPartII
Name Of Disregarded Entity NameOfDisregardedEntity
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CONFERENCE FOR MERCY HIGHER EDUCATION | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 8630 FENTON STREET 934 | AddressLine1 |
| City | SILVER SPRING | City |
| State | MD | State |
| ZIP Code | 20190 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 431973007 | EIN |
| Primary Activities | Sponsorship | PrimaryActivities |
| Legal Domicile State | MD | LegalDomicileState |
| Exempt Code Section | 501(c)(3) | ExemptCodeSection |
| Public Charity Status | 1 | PublicCharityStatus |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NA | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Controlled Org | false | ControlledOrg |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Ann Rents Royalties | false | ReceiptOfIntAnnRentsRoyalties |
| Gift Grant Or Cap Contr To Other Org | false | GiftGrantOrCapContrToOtherOrg |
| Gift Grant Or Cap Contr Fr Other Org | false | GiftGrantOrCapContrFrOtherOrg |
| Loans Or Guarantees To Other Org | false | LoansOrGuaranteesToOtherOrg |
| Loans Or Guarantees From Other Org | false | LoansOrGuaranteesFromOtherOrg |
| Sale Of Assets To Other Org | false | SaleOfAssetsToOtherOrg |
| Purchase Of Assets From Other Org | false | PurchaseOfAssetsFromOtherOrg |
| Exchange Of Assets | false | ExchangeOfAssets |
| Rental Of Facilities To Other Orgs | false | RentalOfFacilitiesToOtherOrgs |
| Rental Of Facilities Fr Other Orgs | false | RentalOfFacilitiesFrOtherOrgs |
| Perform Of Services For Other Orgs | true | PerformOfServicesForOtherOrgs |
| Perform Of Services By Other Orgs | false | PerformOfServicesByOtherOrgs |
| Sharing Of Facilities | false | SharingOfFacilities |
| Sharing Of Paid Employees | false | SharingOfPaidEmployees |
| Reimbursement Paid To Other Org | false | ReimbursementPaidToOtherOrg |
| Reimbursement Paid By Other Org | false | ReimbursementPaidByOtherOrg |
| Other Transfer To Other Org | false | OtherTransferToOtherOrg |
| Other Transfer From Other Org | false | OtherTransferFromOtherOrg |
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