2013-02-14T10:08:38-06:00 2012-06-30 Fairfield University North Benson Road Fairfield CT 064305195 990 2011-07-01 060646623 Fairfield University FAIR 2032544000 1073 North Benson Road Fairfield CT 068245195 Julie L Dolan 2032544000 2013-02-14 2032544000 2011 2016-03-07 17:11:31Z Rev Jeffrey P von Arx S 1073 North Benson Rd Fairfield CT 068245195 287880494 0 X www.fairfield.edu X 1942 CT A coeducational institution whose primary objectives are to develop the creative intellectual potential of its students and to foster in them ethical and religious values and a sense of social responsibility. Jesuit Education is committed today to the service of faith, of which the promotion of justice is an absolute requirement. As a Catholic university it welcomes those of all beliefs and traditions who share its concerns for scholarship, justice, truth and freedom, and it values the diversity which their membership brings to the university community. 34 33 2959 500 521238 0 21059676 27411400 199621898 211418000 5806798 2441530 1415874 1482653 227904246 242753583 50971627 54241016 0 0 99206515 101997586 0 0 6514830 74232594 79413992 224410736 235652594 3493510 7100989 620946775 613431750 270801103 263820429 350145672 349611321 X Education for an Inspired Life: A Fairfield University education has become more integrated in focus, more global in outlook, and more intentional in its structure than ever before. In the Jesuit tradition, we are committed to creating a student-focused, holistic, and diverse educational environment intended to educate the whole person, mind, body and spirit. We want to cultivate in both our undergraduate and graduate students a sense of community and strong ethical and spiritual values to guide them on their paths into the future. 0 0 203740394 54241016 211418000 ACADEMICS1) University-wide Integrated Health Sciences Initiative LaunchedThe initiative to integrate Nursing and Health sciences leverages Fairfield University's strengths in nursing education, facilitates innovative links with business, engineering, education, social sciences and humanities. It also demonstrates the institution's commitment to cross school collaboration in teaching, research and practice. 2) Career Readiness Initiative LaunchedThe College of Arts & Sciences has launched " Classroom to Career." This is a comprehensive four-year approach to career readiness that is tailored to each academic major in the College. Unique webpages have been developed for each department that guide students the kinds of consideration and activities they should engage in during their Freshman, Sophomore, Junior and Senior years. Links are provided to job-related websites in various professional areas as relevant to the major, connections are made to programming provided by the Career Planning Center, and advise is given about using faculty to leverage internships and other experiential learning opportunities. 3) New Masters Program Fairfield received approval from the State of Connecticut to launch a new Masters degree in Public Administration (MPA), the first of its kind in Fairfield County, Connecticut. The program is designed for individuals already working in the public and nonprofit sectors, including those in state and city governments, public hospitals, and nonprofit organizations, as well as for those who may wish to jumpstart their careers in the nonprofit world. ADMINISTRATIONEnrollment ManagementFairfield University welcomed 993 members of the Class of 2016 and 39 transfer students to campus this year. The number exceeded the budgeted goal of 925, the targeted goal of 950 as well as the stretch goal of 975. The Class of 2016 is a strong class, with an average SAT score of 1757, 13 points higher than that of the Class of 2015. Changes in some admission processes, a carefully defined financial aid strategy, and enhancements to recruitment efforts resulted in the large and talented class. Fundraising Efforts RecognizedThe Council for Advancement and Support of Education recognized the University's Division of Advancement with a Circle of Excellence Award for Educational Fundraising in 2012. Member in the Circle of Excellence is bestowed on a highly select group of educational institutions whose overall fundraising results and creative programming demonstrate exemplary performance or significant improvement. EXTERNAL RELATIONSConference and Event Office Established A new Office of Conferences and Event Management has been established at the University. The initiative is a revenue generation venture designed to increase the number of major conferences, camps and other external events at the University. The Office provides a centralized resource for all needs related to running events and conferences on campus in addition to marketing the institution for this purpose. 203740394 1 1 0 0 0 0 1 1 0 1 1 1 0 0 0 0 1 0 1 1 1 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 1 806 0 1 2959 1 1 1 1 UK 0 0 0 1 1 1 3 0 0 1 0 X 34 33 0 0 0 0 0 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 CT X X Julie L Dolan VP Finance and Treasurer 2032544000 1073 North Benson Rd Fairfield CT 068245195 William L Atwell 1.00 X 0 0 0 Rev John F Baldovin SJ 1.00 X 0 0 0 Rev Terrence A Baum SJ 1.00 X 0 0 0 Rev Thomas G Benz SJ 1.00 X 0 0 0 Stephen E Beplar 1.00 X 0 0 0 Joseph R Bronson 1.00 X 0 0 0 Frank J Carroll III 1.00 X 0 0 0 David H Chafey Jr 1.00 X 0 0 0 Kevin M Conlisk 1.00 X 0 0 0 Timothy J Conway 1.00 X 0 0 0 William C Crager 1.00 X 0 0 0 Sheila K Davidson 1.00 X 0 0 0 William P Egan 1.00 X 0 0 0 Thomas A Franko 1.00 X 0 0 0 Peter J Gillen 1.00 X 0 0 0 Patricia E Glassford 1.00 X 0 0 0 Paul J Huston 1.00 X 0 0 0 Jack L Kelly 1.00 X 0 0 0 Susan Robinson King 1.00 X 0 0 0 Katherine N Lapp 1.00 X 0 0 0 Ned C Lautenbach 1.00 X 0 0 0 Stephen M Lessing 1.00 X 0 0 0 William K Lisecky 1.00 X 0 0 0 Michael E McGinness 1.00 X 0 0 0 Andrew J McMahon 1.00 X 0 0 0 John C Meditz 1.00 X 0 0 0 Elner L Morrell 1.00 X 0 0 0 Most Rev George V Murry SJ 1.00 X 0 0 0 Biff J O'Reilly 1.00 X 0 0 0 Rev Stephen A Privett SJ 1.00 X 0 0 0 Jack L Kelly 1.00 X 0 0 0 Rosellen W Schnurr 1.00 X 0 0 0 Rev Jeffrey P von Arx SJ 35.00 X 300000 0 76279 Elizabeth Bagley 35.00 X 55367 0 25493 Julie L Dolan 35.00 X 287752 0 54716 Stephanie Frost 35.00 X 254432 0 54309 Rev Paul Fitzgerald SJ 35.00 X 220000 0 35372 Mark C Reed 35.00 X 202845 0 45224 Susan Franzosa 35.00 X 159776 0 32061 Robbin Crabtree 35.00 X 196215 0 35314 Sydney Johnson 35.00 X 332719 0 54425 Michael Tucker 35.00 X 177139 0 36227 Gregory Koutmos 35.00 X 190883 0 39210 Orin Grossman 35.00 X 192657 0 42813 William Weitzer 35.00 X 237044 0 51512 Edward Cooley 35.00 X 262345 0 23550 3069174 0 606505 162 1 1 0 Pavarini North East Construction Co Inc 1111 Summer St Stamford CT 06905 Contractors 8722137 Sodexo Inc & Affiliates 200 Fifth Avenue Waltham MA 02451 Food Service 8612096 ABM Janitorial Services Northeast Inc PO Box 1534 New York NY 10008 Custodial 3732893 SunGard Higher Education 14083 Collections Center Dr Chicago IL 60693 IT Support Services 3562620 Hess Corporation PO Box 905243 Charlotte NC 28290 Natural Gas Provider 2401975 107 4343058 23068342 4679164 27411400 Tuition & Fees 611600 172770054 172770054 Auxiliary Enterprises 721000 34260162 34260162 4387784 4387784 211418000 1447776 1447776 43844443 2139519 40665208 4325000 3179235 -2185481 993754 993754 1098118 136703 961415 961415 Miscellaneous Income 611710 287504 287504 Summer Conferences 611710 233734 233734 521238 242753583 211418000 521238 3402945 54241016 54241016 1913431 997358 561641 354432 69923315 59259717 7376069 3287529 5100137 4294232 538982 266923 20106430 12922865 6400447 783118 4954273 4185779 518862 249632 443194 23549 418689 956 264010 264010 852086 10669 841227 190 1020866 324261 683335 13270 5670301 4441825 549829 678647 5065244 2641161 2358013 66070 8352167 8262408 89373 386 4746960 3811538 439062 496360 733053 655953 59802 17298 10766294 10496294 270000 14880326 13734541 1145785 992031 236252 755607 172 Contract Services 10904377 10084330 762817 57230 General Maint & Equipme 3919890 3593292 261812 64786 Consultants, Honoraria 2740767 1931849 641119 167799 Library Acquisitions 1595099 1595099 6467327 5996406 460889 10032 235652594 203740394 25397370 6514830 898871 464694 19933478 28824379 6558267 13505542 2610352 2656258 463106724 173508257 287523825 289598467 207383408 197797250 48043925 51704581 47994649 28880579 620946775 613431750 26624611 24290338 2205009 2206009 11761843 12858093 230209640 224465989 270801103 263820429 X 189553829 183974736 54445181 46568071 106146662 119068514 350145672 349611321 620946775 613431750 7100989 -7635340 X 1 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 9 30.00 0 2 0 1 1 65.00 40000 0 X X X X 0 258747437 14963728 -6371279 -3395380 -7815203 0 256129303 223395750 3930822 42769642 -3160570 -8188207 0 258747437 203162188 7788395 24663208 -3333986 -8884055 0 223395750 265719544 6645573 -57508960 -3398211 -8295758 0 203162188 0.53510 0.46490 0.00000 0 0 6088550 6088550 396327740 150466960 245860780 12587479 4778872 7808607 46630758 17703501 28927257 1472197 558924 913273 289598467 51704581 F 51704581 242753583 235652594 7100989 -7635340 -7635340 -534351 235118244 -7635340 -7635340 242753584 0 242753584 235652594 0 235652594 0 235652594 Description of How Organization Reports Conservation Easements: Part II, Line 9: Part II Line 9: The University does not report conservation easements in its Financial Statements Part III, Line 4: The Art Collections are important cultural resources of the University, providing arts and academic enrichment to the students, faculty, local community, and international scholarly community. The collections are housed at the Lukacs Gallery, Thomas J. Walsh Art Gallery, the Bellarmine Museum & various locations on campus A website has been designed to give access to these works of art, collections and venues and to provide historical and technical information on the works. The Bellarmine Museum is dedicated to preserving, studying, and exhibiting those objects entrusted to its care, while never losing sight of its obligation to educate and inspire its many audiences, for the greater enrichment of all. The museum is open to the public and free of charge for individuals Description of Intended Use of Endowment Funds: Part V, Line 4: The University's endowment is an aggregation of gifts provided by donors with the requirement they be held in perpetuity to generate earnings now and in future years to support the University's programs of instruction, research and public service and funds designated by the Board of Trustees to function as endowment. Earnings from endowment investments support scholarships, chairs, professorships, fellowships, basic research, as well as academic and public service programs. The endowment should provide stability since the principal is invested and earnings are generated year after year. Net assets associated with endowment funds, including funds designated by the Board of Trustees to function as endowments, are classified and reported based on the existence or absence of donor-imposed restrictions. Part XII, line 2d: Represents unrealized losses on investments not included as a reduction in revenues on Form 990 Part VIII column (A) line 12 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 A notice is published in local papers once each semester. A non-discriminatory statement is included in the Student Handbook, in the job opening section of the OHR website, and in the website of Public Safety. The policy is included in all employment advertising. Fairfield University admits students of any sex, race, color, marital status, sexual orientation, religion, age, national origin or ancestry, disability or handicap to all the rights, privileges, programs, and activities generally accorded or made available to students of the University. It does not discriminate on the basis of sex, race, color, marital status, sexual orientation, gender identity, veteran's status, political ideology, religion, age, national origin or ancestry, disability or handicap in administration of its educational policies, admissions policies, employment policies, scholarship and loan programs, athletic programs, or other University-administered programs. Explanation of Government Financial Assistance Schedule E, Part I, Line 6 Fairfield University receives grants, awards and financial assistance for its students from various governmental agencies. The University has always been in good standing and the right to receive such aid has never been revoked or suspended. Europe 1 2 Program Services Study Abroad Programs 4364281 Central America and Caribean 0 0 Program Services Study Abroad Programs 94977 East Asia and the Pacific 0 0 Program Services Study Abroad Programs 349663 Sub-Saharan Africa 0 0 Program Service Study Abroad Programs 63733 1 2 0 0 1 2 4872654 0 4872654 0 0 0 0 0 0 Alumni Awards Dinner 1098118 1098118 136703 1098118 1098118 136703 136703 961415 1 Institutional Scholarships 3331 41835071 Book Athletic Scholarships 287 5717288 Book State and Federal Grants 733 1718195 Book Prep School Financial Aid 247 2195529 Book Other Financial Aid 504 2774933 Book Procedure for Monitoring Grants in the U.S.: Part I, Line 2: Schedule I, Part I, Line 2: Several procedures and reports are used annually to monitor financial aid including: Independent auditors complete the A-133 audit relating to federal student aid; The FISAP report for the Department of Education; Common Data Set (CDS) which is a set of standards and definitions among the higher education community & publishers as represented by the College Board, Peterson's, U.S. News & World Report & the Wintergreen Orchard House. X X 1 1 X X X X X X 0 0 0 0 0 0 0 0 0 Rev Jeffrey P von Arx SJ 300000 0 0 0 0 0 30000 0 46279 0 376279 0 0 0 Julie L Dolan 255664 0 0 0 32088 0 24127 0 30589 0 342468 0 0 0 Stephanie Frost 254432 0 0 0 0 0 24151 0 30158 0 308741 0 0 0 Rev Paul Fitzgerald SJ 220000 0 0 0 0 0 22000 0 13372 0 255372 0 0 0 Mark C Reed 202845 0 0 0 0 0 18450 0 26774 0 248069 0 0 0 Susan Franzosa 159776 0 0 0 0 0 15367 0 16694 0 191837 0 0 0 Robbin Crabtree 196215 0 0 0 0 0 18095 0 17219 0 231529 0 0 0 Sydney Johnson 332719 0 0 0 0 0 24500 0 29925 0 387144 0 0 0 Michael Tucker 177139 0 0 0 0 0 12472 0 23755 0 213366 0 0 0 Gregory Koutmos 190883 0 0 0 0 0 14704 0 24506 0 230093 0 0 0 Orin Grossman 192657 0 0 0 0 0 18889 0 23924 0 235470 0 0 0 William Weitzer 237044 0 0 0 0 0 23362 0 28150 0 288556 0 0 0 Edward Cooley 262345 0 0 0 0 0 8125 0 15425 0 285895 0 0 0 Part I, Line 1a The President resides in a house that was donated to the University specifically for the President's use. The house is used extensively for University events. The President lives in the house for the convenience of the University. The Head Coach for men's basketball received membership to a club for the purpose of entertaining potential donors to the Athletic programs. Supplemental Information Part III The salary and benefit equivalents for the President, and Senior VP, Academic Affairs are paid to the Jesuit Community rather than to the individual themselves. CHEFA Fairfield University Series M 060806186 20774UVX0 2008-04-10 39445697 Refund CHEFA Series K and L1 Second Tranche 1 1 0 CHEFA Fairfield University Series N 060806186 20774UK87 2008-08-21 110773813 Refund CHEFA Series L1 and L2 1 1 0 CHEFA Fairfield University Series O 060806186 20774UW50 2010-03-17 73474749 Construction of Various Campus Facilities 0 1 0 CHEFA Fairfield University Series P 080806186 20774UY41 2010-03-17 11573281 Current Refunding of CHEFA Series H 1 1 0 39445697 3051849 35904181 489666 1 0 1 1 110773813 9938250 96694158 786405 3355000 1 0 1 1 73474749 7011334 4732010 731405 61000000 2012 0 0 1 1 11573281 1065750 10391034 116497 1 0 1 1 0 0 0 0 0.03000 0.03000 1 0 0 0 0 0.03000 0.03000 1 0 0 0 0 0.03000 0.03000 1 0 0 0 0 0.03000 0.03000 1 1 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 X 1 10000 Appraisal X 1 2500 Appraisal X 62 4659117 Market Value X 1 2972 Actual Cost X Golf Greens Fee 5 1575 Actual Cost X Baseball tickets 1 3000 Actual Cost 1 0 1 1 Third Party Use: Part I, Line 32b: The University uses the services of a securities broker to sell contributions of publicly traded securities. Form 990, Part VI, Section A, line 7a The University is governed by a self-perpetuating Board of Trustees. The election of a Trustee shall require the affirmative vote of a majority of the Trustees in office at the time of such election. A vacancy in the Board of Trustees may be filled at any regular or special meeting of the Board of Trustees. Form 990, Part VI, Section A, line 7b A majority of the Board of Trustees shall constitute a quorum for the transaction of business at any meeting of the Board, provided that if less than a majority of Trustees are present at said meeting, a majority of the Trustees present may adjourn the meeting from time to time until a quorum can be had. If reasonably possible all business requiring Board action should be studied in the first instance by the appropriate Standing Committee which will then advise the Board. Form 990, Part VI, Section B, line 11 a) It is the policy of Fairfield University that the Board of Trustees is presented with a copy of the completed IRS Form 990 before it is filed with the IRS. b) The Form 990 is sent electronically to each Trustee. c) Form 990 (Return of Organization Exempt from Income Tax) is reviewed and approved by the Vice President for Finance before it is forwarded to the Board. d) Form 990 is reviewed by the Finance and Audit Committee before it is filed with the IRS. e) A Board resolution is not required in order for the Form 990 to be filed. Form 990, Part VI, Section B, line 12c Members of the Board of Trustees are asked to sign a Conflict of Interest statement. The statement shall be signed annually by each Board member as a condition of membership on the Board of Trustees. Each Trustee is expected to disclose (in writing) to the Chairman of the Board all situations in which conflicts might exist, or appear to exist. No Trustee having interests conflicting with the interests of the University or appearing so shall take part in the deliberations or votes of the Board involving the question concerning conflict nor seek to influence the other Trustees on that question. Form 990, Part VI, Section B, line 15 The process includes all of these elements: (1) Review and approval by the Board of Trustees; (2) Use of data as to comparable compensation; and (3) Contemporaneous documentation and recordkeeping. 1. Review and approval: The compensation is reviewed and approved by the Board of Trustees of Fairfield University, provided that persons with conflicts of interest with respect to the compensation arrangement at issue are not involved in this review and approval. 2. Use of data as to comparable compensation: The compensation of the person is reviewed and approved using data as to comparable compensation for similarly qualified persons in functionally comparable positions at similarly situated universities. The following methods have been used: a. Review by an independent third party b. Conduct market assessment of salaries c. Evaluate the appropriateness of the current salary structure to ensure that we are and remain competitive with the market, as well as remain internally equitable. 3. Contemporaneous documentation and recordkeeping: There is contemporaneous documentation and recordkeeping with respect to the deliberations and decisions regarding the compensation arrangement. Form 990, Part VI, Section C, line 19 Governing documents such as financial statements are available on the University's website and also by request