SACRED HEART UNIVERSITY: Form 990, tax year 2010
View the entire original 990 at ProPublica ↗
- Organization
- SACRED HEART UNIVERSITY (EIN 06-0776644)
- Tax period
- 2010-07-01 to 2011-06-30
- Filed
- 2012-05-14
- IRS object ID
- 201201359349305240
- Schema version
- 2010v3.4
- 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 D
- Schedule E
- Schedule F
- Schedule G
- Schedule I
- Schedule J
- Schedule K
- Schedule L
- Schedule M
- Schedule O
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2012-05-14T15:13:21-05:00 | Timestamp |
| Tax Period End Date | 2011-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BLUM SHAPIRO & COMPANY PC CPA'S | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 29 S MAIN STREET PO BOX 272000 | AddressLine1 |
| City | WEST HARTFORD | City |
| State | CT | State |
| ZIP Code | 061272000 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2010-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 060776644 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SACRED HEART UNIVERSITY INCORPORATED | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | SACR | NameControl |
| Phone | 2033717872 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 5151 PARK AVENUE | AddressLine1 |
| City | FAIRFIELD | City |
| State | CT | State |
| ZIP Code | 06825 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | MICHAEL J KINNEY | Name |
| Title | SR VP FOR FINANCE & ADMIN | Title |
| Phone | 2033717872 | Phone |
| Date Signed | 2012-05-14 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | ELIZABETH SOLECKI | Name |
| Phone | 8605614000 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2010 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | JOHN PETILLO | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 5151 PARK AVENUE | AddressLine1 |
| City | FAIRFIELD | City |
| State | CT | State |
| ZIP Code | 06825 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 189735225 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | WWW.SACREDHEART.EDU | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1963 | YearFormation |
| State Legal Domicile | CT | StateLegalDomicile |
| Activity Or Mission Description | THE UNIVERSITY IS A CO-EDUCATIONAL INSTITUTION OF HIGHER LEARNING OFFERING UNDERGRADUATE AND GRADUATE DEGREES, AS WELL AS CONTINUING EDUCATION IN A VARIETY OF DISCIPLINES, WITH A COMMITMENT TO LEADERSHIP IN CATHOLIC HIGHER EDUCATION. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 26 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 24 | NbrIndependentVotingMembers |
| Total Nbr Employees | 3351 | TotalNbrEmployees |
| Total Nbr Volunteers | 150 | TotalNbrVolunteers |
| Total Gross UBI | 275802 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | -61570 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 10672790 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 10945011 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 161211543 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 172120259 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 4992227 | InvestmentIncomePriorYear |
| Investment Income Current Year | 6311737 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | -2225 | OtherRevenuePriorYear |
| Other Revenue Current Year | 48815 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 176874335 | TotalRevenuePriorYear |
| Total Revenue Current Year | 189425822 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 40044950 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 38022834 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 65109916 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 69004880 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 2025052 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 54294238 | OtherExpensePriorYear |
| Other Expenses Current Year | 59644436 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 159449104 | TotalExpensesPriorYear |
| Total Expenses Current Year | 166672150 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 17425231 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 22753672 | RevenuesLessExpensesCY |
| Total Assets BOY | 269064061 | TotalAssetsBOY |
| Total Assets EOY | 336302823 | TotalAssetsEOY |
| Total Liabilities BOY | 133902855 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 166466851 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 135161206 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 169835972 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | AT SACRED HEART UNIVERSITY, WE NOT ONLY PREPARE STUDENTS FOR THE FUTURE, BUT ALSO GIVE THEM A DEEPER APPRECIATION OF WHO THEY ARE AND ALL THEY CAN BE. THROUGH OUR DISTINCTIVE MISSION AND COMMITMENT TO LEADERSHIP IN CATHOLIC HIGHER EDUCATION, WE HELP STUDENTS HELP OTHERS AND, TOGETHER, WE MAKE A DIFFERENCE IN THE WORLD. THE SHU MISSION: THE PURSUIT OF TRUTH AND KNOWLEDGE AS INTRINSICALLY VALUABLE; COMMITMENT TO EXCELLENCE IN ALL THAT WE DO; RESPONSIBILITY FOR THE COMMON GOOD OF SOCIETY; RECOGNITION OF THE DIGNITY AND WORTH OF EVERY HUMAN BEING; PRESERVATION, TRANSMISSION AND DEVELOPMENT OF THE LIBERAL ARTS AND CATHOLIC INTELLECTUAL TRADITION. OUR VISION IS TO SHAPE GRADUATES KNOWLEDGEABLE OF SELF, ROOTED IN FAITH, EDUCATED IN MIND, COMPASSIONATE IN HEART, RESPONSIVE TO SOCIAL AND CIVIC OBLIGATIONS AND ABLE TO RESPOND TO AN EVER-CHANGING WORLD. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 54303253 | Expense |
| Revenue | 143704223 | Revenue |
| Description | SACRED HEART CONTINUES TO OFFER A WIDE RANGE OF UNDERGRADUATE AND GRADUATE PROGRAMS. REGARDLESS OF WHAT UNDERGRADUATE PROGRAM OR GRADUATE STUDIES ARE CHOSEN, OUR FOCUS ON UNPARALLELED ACADEMIC OPPORTUNITIES - ROOTED IN THE CATHOLIC INTELLECTUAL TRADITION AND THE PRINCIPLES OF ENGAGED LEARNING - CREATES AN ABSORBING, CUSTOMIZED EDUCATIONAL EXPERIENCE FOR EACH STUDENT. | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 38022834 | Expense |
| Grants | 38022834 | Grants |
| Description | SACRED HEART UNIVERSITY'S STUDENT FINANCIAL ASSISTANCE OFFICE IS COMMITTED TO HELPING STUDENTS AND THEIR FAMILIES FIND THE MOST AFFORDABLE OPTIONS AVAILABLE FOR ATTENDING COLLEGE. FOR FULL-TIME UNDERGRADUATE STUDENTS, THERE ARE BASICALLY TWO TYPES OF FINANCIAL ASSISTANCE: FIRST, TRADITIONAL MERIT OR NEED-BASED MERIT AID; AND SECOND, A RANGE OF OTHER OPTIONS OPEN TO STUDENTS AND THEIR FAMILIES WHETHER THEY QUALIFY FOR TRADITIONAL AID OR NOT. SEVERAL FINANCIAL ASSISTANCE OPTIONS ARE ALSO AVAILABLE TO QUALIFIED PART-TIME UNDERGRADUATE STUDENTS AND GRADUATE STUDENTS. | Description |
Activity3 Activity3
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 23443132 | Expense |
| Revenue | 24988739 | Revenue |
| Description | AUXILIARY SERVICES PROVIDE ROOM AND BOARD FOR STUDENTS. THE OFFICE OF RESIDENTIAL LIFE SERVES THE RESIDENTIAL STUDENT POPULATION BY PROVIDING OPPORTUNITIES TO LIVE IN A SAFE, COHESIVE, LEARNING COMMUNITY WHILE EMPOWERING THOSE STUDENTS TO CONTINUALLY DEVELOP MENTALLY, PHYSICALLY, SOCIALLY, AND SPIRITUALLY. | Description |
Activity Other ActivityOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 29573610 | Expense |
| Revenue | 3151495 | Revenue |
| Description | OTHER GENERAL AND STUDENT SERVICES. | Description |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Other Program Service Exp | 29573610 | TotalOfOtherProgramServiceExp |
| Total Of Other Program Service Rev | 3151495 | TotalOfOtherProgramServiceRev |
| Total Program Service Expense | 145342829 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 0 | LobbyingActivities |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 1 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 1 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 0 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 1 | ReportOtherAssets |
| Report Other Liabilities | 1 | ReportOtherLiabilities |
| Report Fin48 Footnote | 0 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 1 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 0 | ConsolidatedAuditFinancialStmt |
| School | 1 | School |
| Foreign Office | 1 | ForeignOffice |
| Foreign Activities | 1 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 1 | ProfessionalFundraising |
| Fundraising Activities | 1 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 0 | GrantsToOrganizations |
| Grants To Individuals | 1 | GrantsToIndividuals |
| Schedule J Required | 1 | ScheduleJRequired |
| Tax Exempt Bonds | 1 | TaxExemptBonds |
| Invest Tax Exempt Bonds | 0 | InvestTaxExemptBonds |
| Escrow Account | 0 | EscrowAccount |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuer |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 1 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 1 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 0 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 1 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 1 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 0 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transaction Related Entity | 0 | TransactionRelatedEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 514 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 3351 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 1 | UnrelatedBusinessIncome |
| Form990-T Filed | 1 | Form990-TFiled |
| Foreign Financial Account | 1 | ForeignFinancialAccount |
| Name Of Foreign Country | EI | NameOfForeignCountry |
| Name Of Foreign Country | LU | NameOfForeignCountry |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 1 | QuidProQuoContributions |
| Quid Pro Quo Disclosure | 1 | QuidProQuoDisclosure |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | 0 | FundsToPayPremiums |
| Premiums Paid | 0 | PremiumsPaid |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 26 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 24 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 0 | MembersOrStockholders |
| Election Of Board Members | 0 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 0 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 1 | LocalChapters |
| Policies Reference Chapters | 1 | PoliciesReferenceChapters |
| Form990 Provided To Governing Body | 0 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 1 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MICHAEL J KINNEY | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 2033717872 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 5151 PARK AVENUE | AddressLine1 |
| City | FAIRFIELD | City |
| State | CT | State |
| ZIP Code | 06825 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (37 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | Key EmployeeKeyEmployee | Highest Compensated EmployeeHighestCompensatedEmployee |
|---|---|---|---|---|---|---|---|---|
| MOST REVEREND WILLIAM E LORI STD | ||||||||
| CHAIRMAN | 1.00 | X | X | 0 | 0 | 0 | ||
| JAMES J COSTELLO | ||||||||
| TREASURER | 1.00 | X | X | 0 | 0 | 0 | ||
| MARY-ANN BUNTING | ||||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |||
| WILLIAM E MITCHELL | ||||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |||
| JAMES T MORLEY JR | ||||||||
| VICE CHAIRMAN | 1.00 | X | X | 0 | 0 | 0 | ||
| REV MSGR WILLIAM A GENUARIO JCD | ||||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |||
| ROBERT J MATURA | ||||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |||
| LINDA E MCMAHON | ||||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |||
| LOIS SCHINE | ||||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |||
| JEFFREY A SONNENFELD DBA | ||||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |||
| REV MSGR KEVIN W WALLIN | ||||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |||
| FRANK R MARTIRE | ||||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |||
| ROBERT L CORCORAN | ||||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |||
| ROBERT L JULIANELLE JD | ||||||||
| SECRETARY | 1.00 | X | X | 0 | 0 | 0 | ||
| CHRISTOPHER K MCLEOD | ||||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |||
| ROSANNE BADOWSKI | ||||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |||
| VINCENT MAFFEO | ||||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |||
| NORBERT BECKER | ||||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |||
| PATRICK J CAROLAN MD | ||||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |||
| LAWRENCE G FOLEY | ||||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |||
| REV ROBERT M KINNALLY | ||||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |||
| ANTHONY J CERNERA | ||||||||
| FORMER PRESIDENT/CEO | 35.00 | X | X | 593473 | 0 | 34404 | ||
| JOHN J PETILLO | ||||||||
| PRESIDENT/CEO | 35.00 | X | X | 326788 | 0 | 25927 | ||
| KRIS E DURMER | ||||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |||
| MARK E FREITAS | ||||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |||
| VINCENT A ROBERTI | ||||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |||
| PETER TERPELUK JR | ||||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |||
| MICHAEL J KINNEY | ||||||||
| SR. VICE PRESIDENT | 35.00 | X | 268093 | 0 | 26560 | |||
| THOMAS V FORGET PHD | ||||||||
| VICE PRESIDENT | 35.00 | X | 237965 | 0 | 24595 | |||
| JAMES BARQUINERO | ||||||||
| VICE PRESIDENT | 35.00 | 228433 | 0 | 21242 | X | |||
| MARY P YOUNG | ||||||||
| VICE PRESIDENT | 35.00 | 201138 | 0 | 24449 | X | |||
| ROBERT M HARDY | ||||||||
| VICE PRESIDENT | 35.00 | 184185 | 0 | 15672 | X | |||
| PHILIP J MCCABE | ||||||||
| VICE PRESIDENT | 35.00 | 162417 | 0 | 14388 | X | |||
| PATRICIA W WALKER | ||||||||
| VICE PRESIDENT | 35.00 | 179840 | 0 | 16854 | X | |||
| CLAIRE J PAOLINI | ||||||||
| DEAN | 35.00 | 162888 | 0 | 6940 | X | |||
| RUPENDRA PALIWAL | ||||||||
| INTERIM DEAN | 35.00 | 163726 | 0 | 10132 | X | |||
| MICHAEL EMERY | ||||||||
| ASSOCIATE DEAN | 35.00 | 154478 | 0 | 15963 | X | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 2863424 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 237126 | TotalOtherCompensation |
| Number Individuals GT100 K | 64 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (5 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| PAVARINI NORTH EAST CONSTRUCTION CO | |||||
| 1111 SUMMER STREET | STAMFORD | CT | 06905 | CONSTRUCTION SERVICES | 6491388 |
| CHARTWELL'S HIGHER EDUCATION | |||||
| C/O BANK OF AMERICA PO BOX 91337 | CHICAGO | IL | 606931853 | FOOD SERVICES | 6267678 |
| SASAKI ASSOCIATES INC | |||||
| 64 PLEASANT STREET | WATERTOWN | MA | 024729149 | ARCHITECTURAL SERVICES | 1911406 |
| LANESE CONSTRUCTION INC | |||||
| 190 CALHOUN AVENUE | BRIDGEPORT | CT | 06604 | CONSTRUCTION SERVICES | 1543272 |
| PEOPLE'S UNITED INSURANCE AGENCY INC | |||||
| PO BOX 421 | BRATTLEBORO | VT | 05402 | INSURANCE BROKERS | 1059328 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 82 | NumberOfContractorsGT100K |
| Fundraising Events | 760064 | FundraisingEvents |
| Government Grants | 4001810 | GovernmentGrants |
| All Other Contributions | 6183137 | AllOtherContributions |
| Noncash Contributions | 270973 | NoncashContributions |
| Total Contributions | 10945011 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (4 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome | Unrelated Business RevenueUnrelatedBusinessRevenue |
|---|---|---|---|---|
| TUITION AND FEES | 611310 | 143704223 | 143704223 | |
| AUXILIARY ACTIVITIES | 611310 | 24988739 | 24988739 | |
| OTHER INCOME | 900099 | 1877400 | 1634394 | 243006 |
| PITT CENTER & ATHLETIC | 611310 | 1549897 | 1517101 | 32796 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 172120259 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 1825603 | TotalRevenueColumn |
| Exclusion | $1,825,603 | ExclusionAmount |
Gross Rents GrossRents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 235081 | Real |
Less Rental Expenses LessRentalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 113595 | Real |
Rental Income Or Loss RentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 121486 | Real |
Net Rental Income Or Loss NetRentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 121486 | TotalRevenueColumn |
| Exclusion | $121,486 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 4486134 | Securities |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 4486134 | Securities |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 4486134 | TotalRevenueColumn |
| Exclusion | $4,486,134 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Income Fundraising Events | 123137 | GrossIncomeFundraisingEvents |
| Cntrbtns Rprtd Fundraising Events | 760064 | CntrbtnsRprtdFundraisingEvents |
| Fundraising Direct Expenses | 195808 | FundraisingDirectExpenses |
Net Income From Fundraising Events NetIncomeFromFundraisingEvents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -72671 | TotalRevenueColumn |
| Exclusion | -$72,671 | ExclusionAmount |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 189425822 | TotalRevenueColumn |
| Related Or Exempt Function Income | 171844457 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 275802 | UnrelatedBusinessRevenue |
| Exclusion | $6,360,552 | ExclusionAmount |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 38022834 | Total |
| Program Services | 38022834 | ProgramServices |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2789937 | Total |
| Program Services | 515173 | ProgramServices |
| Management And General | 1706559 | ManagementAndGeneral |
| Fundraising | 568205 | Fundraising |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 51258417 | Total |
| Program Services | 46062970 | ProgramServices |
| Management And General | 4880665 | ManagementAndGeneral |
| Fundraising | 314782 | Fundraising |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2831170 | Total |
| Program Services | 2243477 | ProgramServices |
| Management And General | 587693 | ManagementAndGeneral |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 8374151 | Total |
| Program Services | 6914862 | ProgramServices |
| Management And General | 1459289 | ManagementAndGeneral |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3751205 | Total |
| Program Services | 2972531 | ProgramServices |
| Management And General | 778674 | ManagementAndGeneral |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1119839 | Total |
| Program Services | 89567 | ProgramServices |
| Management And General | 1030272 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 182300 | Total |
| Management And General | 182300 | ManagementAndGeneral |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 606572 | Total |
| Management And General | 606572 | ManagementAndGeneral |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 23215627 | Total |
| Program Services | 18871392 | ProgramServices |
| Management And General | 3302573 | ManagementAndGeneral |
| Fundraising | 1041662 | Fundraising |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1028493 | Total |
| Program Services | 923810 | ProgramServices |
| Management And General | 95280 | ManagementAndGeneral |
| Fundraising | 9403 | Fundraising |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 9437766 | Total |
| Program Services | 7914285 | ProgramServices |
| Management And General | 1502630 | ManagementAndGeneral |
| Fundraising | 20851 | Fundraising |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1664162 | Total |
| Program Services | 1515943 | ProgramServices |
| Management And General | 109603 | ManagementAndGeneral |
| Fundraising | 38616 | Fundraising |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 444348 | Total |
| Program Services | 369785 | ProgramServices |
| Management And General | 72509 | ManagementAndGeneral |
| Fundraising | 2054 | Fundraising |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3663190 | Total |
| Program Services | 3396630 | ProgramServices |
| Management And General | 266560 | ManagementAndGeneral |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 10406075 | Total |
| Program Services | 10076177 | ProgramServices |
| Management And General | 329898 | ManagementAndGeneral |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1545622 | Total |
| Program Services | 706953 | ProgramServices |
| Management And General | 838669 | ManagementAndGeneral |
Other Expenses OtherExpenses (2 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral | FundraisingFundraising |
|---|---|---|---|---|
| CONTRACT SERVICES | 3802434 | 2832454 | 969980 | |
| PURCHASING | 2528008 | 1913986 | 584543 | 29479 |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 166672150 | Total |
| Program Services | 145342829 | ProgramServices |
| Management And General | 19304269 | ManagementAndGeneral |
| Fundraising | 2025052 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 14756919 | BOY |
| EOY | 12056351 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5288958 | BOY |
| EOY | 3877991 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2432513 | BOY |
| EOY | 1441612 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 258027750 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 101816678 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 144886226 | BOY |
| EOY | 156211072 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 82855801 | BOY |
| EOY | 109454420 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 18843644 | BOY |
| EOY | 53261377 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 269064061 | BOY |
| EOY | 336302823 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 17444065 | BOY |
| EOY | 18388754 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4713499 | BOY |
| EOY | 6348510 | EOY |
Tax Exempt Bond Liabilities TaxExemptBondLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 83456709 | BOY |
| EOY | 124835315 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 26720608 | BOY |
| EOY | 16618013 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1567974 | BOY |
| EOY | 276259 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 133902855 | BOY |
| EOY | 166466851 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 111709531 | BOY |
| EOY | 146092591 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 11255210 | BOY |
| EOY | 11778020 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 12196465 | BOY |
| EOY | 11965361 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 135161206 | BOY |
| EOY | 169835972 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 269064061 | BOY |
| EOY | 336302823 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 22753672 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | 11921094 | ReconcilationOtherChanges |
| Info In Schedule O Part XII | X | InfoInScheduleOPartXII |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
| Audit Committee | 1 | AuditCommittee |
| Financial Statement Separate | X | FinancialStatementSeparate |
| Federal Grant Audit Required | 1 | FederalGrantAuditRequired |
| Federal Grant Audit Performed | 1 | 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 D IRS990ScheduleD
Art Public Exhibition Amts ArtPublicExhibitionAmts
| Field | Value | IRS element (for citing) |
|---|---|---|
| Revenues Included | 52102 | RevenuesIncluded |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Collect Used For Public Exhibition | X | CollectUsedForPublicExhibition |
| Solicited Assets For Sale | 0 | SolicitedAssetsForSale |
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 81912232 | BeginningOfYearBalance |
| Contributions | 6318543 | Contributions |
| Investment Earnings Or Losses | 21349512 | InvestmentEarningsOrLosses |
| Other Expenditures | 636823 | OtherExpenditures |
| Administrative Expenses | 606572 | AdministrativeExpenses |
| End Of Year Balance | 108336892 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 67039061 | BeginningOfYearBalance |
| Contributions | 6641974 | Contributions |
| Investment Earnings Or Losses | 8570742 | InvestmentEarningsOrLosses |
| Administrative Expenses | 339545 | AdministrativeExpenses |
| End Of Year Balance | 81912232 | EndOfYearBalance |
Current Year Minus2 Years CurrentYearMinus2Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 75715465 | BeginningOfYearBalance |
| Contributions | 5501555 | Contributions |
| Investment Earnings Or Losses | -12772805 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 474106 | GrantsOrScholarships |
| Other Expenditures | 569523 | OtherExpenditures |
| Administrative Expenses | 361525 | AdministrativeExpenses |
| End Of Year Balance | 67039061 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated EOY Balance | 0.84000 | BoardDesignatedEOYBalance |
| Permanent Endowment EOY Balance | 0.16000 | PermanentEndowmentEOYBalance |
| Term Endowment EOY Balance | 0.00000 | TermEndowmentEOYBalance |
| Endowments Held By Unrelated Orgs | 0 | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | 0 | EndowmentsHeldByRelatedOrgs |
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 11686134 | OtherCostOrOtherBasis |
| Book Value | 11686134 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 115490484 | OtherCostOrOtherBasis |
| Depreciation | 36798068 | Depreciation |
| Book Value | 78692416 | BookValue |
Leasehold Improvements LeaseholdImprovements
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 58193203 | OtherCostOrOtherBasis |
| Depreciation | 24340426 | Depreciation |
| Book Value | 33852777 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 39466932 | OtherCostOrOtherBasis |
| Depreciation | 32946699 | Depreciation |
| Book Value | 6520233 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 33190997 | OtherCostOrOtherBasis |
| Depreciation | 7731485 | Depreciation |
| Book Value | 25459512 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 156211072 | TotalOfBookValueLandBuildings |
Other Assets OtherAssets (6 entries)
| DescriptionDescription | Book ValueBookValue |
|---|---|
| LAND HELD FOR SALE | 3350000 |
| INTEREST IN SPLIT-INTEREST AGREEMENTS | 228100 |
| FUNDS HELD BY BOND TRUSTEE | 45418653 |
| DEFERRED FINANCING COSTS | 1838787 |
| OTHER ASSETS | 877316 |
| PREPAID EXPENSES | 1548521 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | 53261377 | TotalBookValueOtherAssets |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | GOVERNMENT GRANTS REFUNDABLE - STUDENT LOANS | Description |
| Amount | $276,259 | Amount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 276259 | TotalOfAmounts |
| Total Revenue | 189425822 | TotalRevenue |
| Total Expenses | 166672150 | TotalExpenses |
| Excess Or Deficit For Year | 22753672 | ExcessOrDeficitForYear |
| Net Unrealized GL On Investments | 14831509 | NetUnrealizedGLOnInvestments |
| Other | -$2,910,415 | OtherAmount |
| Total Adjustments | 11921094 | TotalAdjustments |
| Excess Or Deficit Per FS | 34674766 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 163027129 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | 14831509 | NetUnrealizedGainsInvestments |
| Other Revenues | -41539605 | OtherRevenues |
| Revenue Not Rptd F990 | -26708096 | RevenueNotRptdF990 |
| Revenue Subtotal | 189735225 | RevenueSubtotal |
| Other Revenues Not Included | -309403 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | -309403 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 189425822 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 128352363 | TotExpensesEtcAuditedFinclStmt |
| Other Expenses Included | 309619 | OtherExpensesIncluded |
| Expenses Not Rptd F990 | 309619 | ExpensesNotRptdF990 |
| Expenses Subtotal | 128042744 | ExpensesSubtotal |
| Other Expenses Not Included | 38629406 | OtherExpensesNotIncluded |
| Expenses Not Rptd On Fin Stmt | 38629406 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 166672150 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (8 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| PART III, LINE 4: | WORKS OF ART ARE CONTRIBUTED TO THE UNIVERSITY FROM VARIOUS DONORS. THE SCHOOL EXHIBITS THEM IN THE CAMPUS GALLERY FOR PUBLIC VIEWING. | |
| PART V, LINE 4: | THE UNIVERSITY USES THE FUNDS FOR STUDENT SCHOLARSHIPS, TO PROVIDE EDUCATIONAL AND SUPPORT SERVICES TO MAINTAIN AND EXPAND THE UNIVERSITY CAPITAL INFRASTRUCTURE IN ORDER TO MAINTAIN THE UNIVERSITY'S FINANCIAL STABILITY. | DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: |
| PART X: | IN JUNE 2006, THE FASB ISSUED FASB INTERPRETATION NO. 48 (FIN 48), ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, AND INTERPRETATION OF FASB STATEMENT NO. 109. FIN 48 ADDRESSES THE ACCOUNTING FOR UNCERTAINTIES IN INCOME TAXES RECOGNIZED IN AN ORGANIZATION'S FINANCIAL STATEMENTS AND PRESCRIBES A THRESHHOLD OF MORE-LIKELY-THAN-NOT FOR RECOGNITION AND DERECOGNITION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. FIN 48 ALSO PROVIDES RELATED GUIDANCE ON MEASUREMENT, CLASSIFICATION, INTEREST AND PENALTIES, AND DISCLOSURES. THERE WAS NO SIGNIFICANT IMPACT ON THE UNIVERSITY'S FINANCIAL STATEMENTS AS A RESULT OF THE ADOPTION OF FIN 48. | DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: |
| WRITE-OFF OF PLANNING COSTS -1,584,992. EARLY RETIREMENT RESTRUCTURING COSTS -951,800. ADJUSTMENT OF CONTRIBUTIONS RECEIVABLE -377,049. GAIN ON SPLIT-INTEREST AGREEMENTS 3,642. MISC. ADJUSTMENT -216. | PART XI, LINE 8 - OTHER ADJUSTMENTS: | |
| FINANCIAL AID -38,022,834. INVESTMENT FEES -606,572. WRITE-OFF OF PLANNING COSTS -1,584,992. EARLY RETIREMENT RESTRUCTURING COSTS -951,800. ADJUSTMENT OF CONTRIBUTIONS RECEIVABLE -377,049. GAIN ON SPLIT-INTEREST AGREEMENTS 3,642. | PART XII, LINE 2D - OTHER ADJUSTMENTS: | |
| FUNDRAISING EXPENSES -195,808. RENTAL EXPENSES -113,595. | PART XII, LINE 4B - OTHER ADJUSTMENTS: | |
| FUNDRAISING EXPENSES 195,808. RENTAL EXPENSES 113,595. MISC. ADJUSTMENT 216. | PART XIII, LINE 2D - OTHER ADJUSTMENTS: | |
| FINANCIAL AID 38,022,834. INVESTMENT FEES 606,572. | PART XIII, LINE 4B - OTHER ADJUSTMENTS: |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | 1 | NondiscriminatoryPolicyStmt |
| Policy Statement In Brochures Etc | 1 | PolicyStatementInBrochuresEtc |
| Policy Publ Via Broadcast Media | 1 | PolicyPublViaBroadcastMedia |
| Maint Racial Composition Records | 1 | MaintRacialCompositionRecords |
| Maint Scholarships Records | 1 | MaintScholarshipsRecords |
| Maint Copies Of Brochures Etc | 1 | MaintCopiesOfBrochuresEtc |
| Maint Copies Of All Solicitations | 1 | MaintCopiesOfAllSolicitations |
| Discriminate Race Students Rights | 0 | DiscriminateRaceStudentsRights |
| Discriminate Race Admiss Policies | 0 | DiscriminateRaceAdmissPolicies |
| Discriminate Race Emplmn Faculty | 0 | DiscriminateRaceEmplmnFaculty |
| Discriminate Race Scholarships | 0 | DiscriminateRaceScholarships |
| Discriminate Race Educ Policies | 0 | DiscriminateRaceEducPolicies |
| Discriminate Race Use Of Fclts | 0 | DiscriminateRaceUseOfFclts |
| Discriminate Race Athletic Prog | 0 | DiscriminateRaceAthleticProg |
| Discriminate Race Other Acty | 0 | DiscriminateRaceOtherActy |
| Government Financial Aid Received | 1 | GovernmentFinancialAidReceived |
| Government Financial Aid Revoked | 0 | GovernmentFinancialAidRevoked |
| Compliance With Rev Proc7550 | 1 | ComplianceWithRevProc7550 |
Form990 Schedule E Part II Form990ScheduleEPartII (2 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION | SCHEDULE E, PART I, LINE 3 | THE UNIVERSITY IS COMMITTED TO FULLFILLING ITS MISSION WITHOUT DISCRIMINATION ON THE BASIS OF RACE, COLOR, NATIONAL ORIGIN, RELIGION, AGE, SEXUAL ORIENTATION, DISABILITY OR VETERAN STATUS. |
| EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE | SCHEDULE E, PART I, LINE 6 | SACRED HEART UNIVERSITY RECEIVES FUNDS FROM THE US DEPARTMENT OF EDUCATION. THE FUNDS THAT THE UNIVERSITY RECEIVES ARE PELL GRANT, SEOG GRANT, ACADEMIC COMPETITIVENESS GRANT AND FEDERAL WORK-STUDY WHICH ARE FINANCIAL AID PROGRAMS. |
Schedule F IRS990ScheduleF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | 1 | GrantRecordsMaintained |
Accts Actvs Out US Table AcctsActvsOutUSTable
| Field | Value | IRS element (for citing) |
|---|---|---|
| Region | EUROPE (INCLUDING ICELAND & GREENLAND) | Region |
| Number Of Offices | 2 | NumberOfOffices |
| Number Of Employees | 3 | NumberOfEmployees |
| Type Of Activities Conducted | PROGRAM SERVICES | TypeOfActivitiesConducted |
| Specific Services Provided | EDUCATIONAL | SpecificServicesProvided |
| Total Expenditures | 930252 | TotalExpenditures |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Number Of Offices | 2 | SubtotalNumberOfOffices |
| Subtotal Number Of Employees | 3 | SubtotalNumberOfEmployees |
| Cont Number Of Offices | 0 | ContNumberOfOffices |
| Cont Number Of Employees | 0 | ContNumberOfEmployees |
| Total Number Of Offices | 2 | TotalNumberOfOffices |
| Total Number Of Employees | 3 | TotalNumberOfEmployees |
| Subtotal Amount Spent | 930252 | SubtotalAmountSpent |
| Cont Amount Spent | 0 | ContAmountSpent |
| Total Amount Spent | 930252 | TotalAmountSpent |
| Transfer To Foreign Corp | 0 | TransferToForeignCorp |
| Interest In Foreign Trust | 0 | InterestInForeignTrust |
| Own Foreign Corp | 0 | OwnForeignCorp |
| Passive Foreign Invest Co | 0 | PassiveForeignInvestCo |
| Foreign Partnership | 0 | ForeignPartnership |
| Boycott Countries | 0 | BoycottCountries |
Form990 Schedule F Part V Form990ScheduleFPartV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | METHOD USED TO ACCCOUNT FOR EXPENDITURES: | Identifier |
| Explanation | SCHEDULE F, PART I, LINE 3: IRELAND: SACRED HEART UNIVERSITY OFFERS PERHAPS THE MOST IMMERSIVE IRISH STUDIES PROGRAM ANYWHERE, AS STUDENTS HAVE THE MATCHLESS OPPORTUNITY TO DELVE INTO IRISH CULTURE IN THE HEART OF THE IRISH-SPEAKING DINGLE GAELTACHT REGION. HERE, STUDENTS DON'T JUST STUDY IN IRISH SURROUNDINGS, THEY LIVE THE IRISH EXPERIENCE THROUGH HANDS-ON SEMINARS LEAD BY ACCOMPLISHED SCHOLARS AND LOCAL EXPERTS. ALL OF OUR COURSES FEATURE ACTIVE PARTICIPATION - BOTH IN AND OUT OF THE CLASSROOM. WHAT DEVELOPS IS A PROFOUND UNDERSTANDING OF CELTIC CULTURE, AS WELL AS A GREATER APPRECIATION OF DIVERSE SOCIETIES, RITUAL AND CELEBRATION IN THE MODERN WORLD, AND THE STIRRING CONNECTIONS BETWEEN THE AGES. LUXEMBOURG: THE JOHN F. WELCH COLLEGE OF BUSINESS IS SUCH AN EXCITING LEARNING COMMUNITY OFFERING AN MBA CURRICULUM THAT EMPHASIZES A GLOBAL BUSINESS EDUCATION. STUDENTS STUDYING ON THE LUXEMBOURG CAMPUS BENEFIT FROM A SEASONED FACULTY OF INTERNATIONAL SCHOLARS AND PRACTITIONERS FROM BOTH THE US AND EUROPE WHO CAN PROVIDE PERSONAL ATTENTION TO EACH STUDENT. AS LUXEMBOURG IS AN INTERNATIONAL, VIBRANT, AND DYNAMIC PLACE TO STUDY, MANY STUDENTS ARE WORKING PROFESSIONALS FROM DIFFERENT CULTURAL BACKGROUNDS. MANY ARE ACCOMPLISHED PROFESSIONALS IN THEIR FIELD THAT ENRICH CLASSROOM DISCUSSIONS AND ADD SPECIFIC VALUE TO THE PROGRAM. WHAT FURTHER SETS THE PROGRAM APART IS THE STRONG EMPHASIS ON THE DEVELOPMENT OF AN INDIVIDUAL LEADERSHIP STYLE. AS A CONSEQUENCE, OUR STUDENTS NOT ONLY IMPROVE THEIR CRITICAL THINKING AND PROBLEM SOLVING SKILLS, BUT ARE ALSO ENGAGED IN DEVELOPING THEIR ETHICAL STANDARDS AND GLOBAL UNDERSTANDING. | 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 | 1 | AgreementRefFundraising |
Fundraiser Activity Information FundraiserActivityInformation
Name Of Organization NameOfOrganization
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RUFFALOCODY LLC | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 65 KIRKWOOD NORTH ROAD SW | AddressLine1 |
| City | CEDAR RAPIDS | City |
| State | IA | State |
| ZIP Code | 52404 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Activity | PHONE-A-THON | Activity |
| Fundraiser Control Of Funds | 0 | FundraiserControlOfFunds |
| Gross Receipts | 39033 | GrossReceipts |
| Amount Retained By Contractor | 65198 | AmountRetainedByContractor |
| Net To Organization | -26165 | NetToOrganization |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Gross Receipts | 39033 | TotalGrossReceipts |
| Total Retained By Contractors | 65198 | TotalRetainedByContractors |
| Total Net To Organization | -26165 | TotalNetToOrganization |
Events Information EventsInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Event1 | PIONEER GOLF TOURNAMENT | NameOfEvent1 |
| Gross Receipts Event1 | 248681 | GrossReceiptsEvent1 |
| Charitable Contributions Event1 | 189546 | CharitableContributionsEvent1 |
| Gross Revenue Event1 | 59135 | GrossRevenueEvent1 |
| Non Cash Prizes Event1 | 17746 | NonCashPrizesEvent1 |
| Rent Facility Costs Event1 | 18200 | RentFacilityCostsEvent1 |
| Other Direct Expenses Event1 | 43106 | OtherDirectExpensesEvent1 |
| Name Of Event2 | DISCOVER DINNER | NameOfEvent2 |
| Gross Receipts Event2 | 541735 | GrossReceiptsEvent2 |
| Charitable Contributions Event2 | 496760 | CharitableContributionsEvent2 |
| Gross Revenue Event2 | 44975 | GrossRevenueEvent2 |
| Other Direct Expenses Event2 | 69971 | OtherDirectExpensesEvent2 |
| Total Number Of Other Events | 2 | TotalNumberOfOtherEvents |
| Gross Receipts Other Events | 92785 | GrossReceiptsOtherEvents |
| Charitable Contrib Other Events | 73758 | CharitableContribOtherEvents |
| Gross Revenue Other Events | 19027 | GrossRevenueOtherEvents |
| Non Cash Prizes Other Events | 4890 | NonCashPrizesOtherEvents |
| Rent Facility Costs Other Events | 16490 | RentFacilityCostsOtherEvents |
| Other Direct Expenses Other Events | 25405 | OtherDirectExpensesOtherEvents |
| Gross Receipts Total | 883201 | GrossReceiptsTotal |
| Charitable Contributions Total | 760064 | CharitableContributionsTotal |
| Gross Revenue Total Events | 123137 | GrossRevenueTotalEvents |
| Non Cash Prizes Total Events | 22636 | NonCashPrizesTotalEvents |
| Rent Facility Costs Total Events | 34690 | RentFacilityCostsTotalEvents |
| Other Direct Expenses Total Events | 138482 | OtherDirectExpensesTotalEvents |
| Direct Expense Summary Events | 195808 | DirectExpenseSummaryEvents |
| Net Income Summary | -72671 | NetIncomeSummary |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | 1 | RecordsMaintained |
Form990 Schedule I Part III Form990ScheduleIPartIII (6 entries)
| Type Of GrantTypeOfGrant | Number Of RecipientsNumberOfRecipients | Amount Of Cash GrantAmountOfCashGrant |
|---|---|---|
| SEOG | 294 | 342082 |
| CONNECTICUT INDEPENDENCE COLLEGE SCHOLARSHIPS | 652 | 2329392 |
| ACADEMIC COMPETITIVENESS GRANT | 215 | 178475 |
| SMART GRANT | 22 | 82000 |
| RESIDENCE HALL ASSISTANT WAIVERS AND AWARDS | 78 | 619965 |
| OTHER SCHOLARSHIPS WHICH ARE NEEDS BASED OR BASED ON ATHLETIC OR ACADEMIC TALENTS | 3507 | 34470920 |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | PROCEDURE FOR MONITORING GRANTS IN THE U.S.: | Identifier |
| Return Reference | PART I, LINE 2: | ReturnReference |
| Explanation | SCHEDULE I, PART I, LINE 2: THE THREE AREAS OF FINANCIAL ASSISTANCE TO STUDENTS ARE LOANS, GRANTS, AND EMPLOYMENT (WORK-STUDY). THESE ARE GENERALLY AWARDED ON THE BASIS OF FINANCIAL NEED, DETERMINED BY AN ANALYSIS OF FAMILY INCOME AND ASSETS. SCHOLARSHIPS ARE ANOTHER SOURCE OF FINANCIAL ASSISTANCE. THEY ARE AWARDED ON THE BASIS OF ACADEMIC ACHIEVEMENT, EXCELLENCE IN ATHLETICS OR SPECIAL TALENTS, AND COMMUNITY SERVICE OR LEADERSHIP. CRITERIA FOR SOME MERIT BASED AWARDS ALSO INCLUDE A FINANCIAL NEEDS REQUIREMENT. CURRENTLY THOSE STUDENTS WHO DEMONSTRATE THE GREATEST FINANCIAL NEED RECEIVE THE MOST FINANCIAL ASSISTANCE. THE UNIVERSITY MONITORS THE AMOUNT ISSUED BY PERFORMING A COST OF ATTENDANCE CALCULATION. ONCE THE AMOUNT HAS BEEN DETERMINED FOR THE INDIVIDUAL, IT IS THEN DISPERSED TO THE STUDENT'S ACCOUNT AND IS CONTROLLED BY THE BURSAR'S OFFICE. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Idemnification Gross Up Payments | X | IdemnificationGrossUpPayments |
| Housing Allowance Or Residence | X | HousingAllowanceOrResidence |
| Club Dues Or Fees | X | ClubDuesOrFees |
| Written Policy Re T And E Expenses | 1 | WrittenPolicyReTAndEExpenses |
| Substantiation Required | 1 | SubstantiationRequired |
| Compensation Committee | X | CompensationCommittee |
| Independent Consultant | X | IndependentConsultant |
| Form990 Of Other Organizations | X | Form990OfOtherOrganizations |
| Written Employment Contract | X | WrittenEmploymentContract |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | 0 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 1 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | 0 | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | 0 | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | 1 | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | 0 | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | 1 | AnyNonFixedPayments |
| Initial Contract Exception | 1 | InitialContractException |
| Rebuttable Presumption Procedure | 1 | RebuttablePresumptionProcedure |
Form990 Schedule J Part II Form990ScheduleJPartII (12 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 | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg | Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ANTHONY J CERNERA | |||||||||||||
| 363367 | 0 | 175000 | 0 | 55106 | 0 | 27350 | 0 | 7054 | 0 | 627877 | 0 | 0 | 0 |
| JOHN J PETILLO | |||||||||||||
| 236873 | 0 | 60000 | 0 | 29915 | 0 | 19467 | 0 | 6460 | 0 | 352715 | 0 | 0 | 0 |
| MICHAEL J KINNEY | |||||||||||||
| 208435 | 0 | 52889 | 0 | 6769 | 0 | 21325 | 0 | 5235 | 0 | 294653 | 0 | 0 | 0 |
| THOMAS V FORGET PHD | |||||||||||||
| 186548 | 0 | 47521 | 0 | 3896 | 0 | 19160 | 0 | 5435 | 0 | 262560 | 0 | 0 | 0 |
| JAMES BARQUINERO | |||||||||||||
| 178152 | 0 | 45449 | 0 | 4832 | 0 | 18136 | 0 | 3106 | 0 | 249675 | 0 | 0 | 0 |
| MARY P YOUNG | |||||||||||||
| 156382 | 0 | 40698 | 0 | 4058 | 0 | 16409 | 0 | 8040 | 0 | 225587 | 0 | 0 | 0 |
| ROBERT M HARDY | |||||||||||||
| 143806 | 0 | 35893 | 0 | 4486 | 0 | 14472 | 0 | 1200 | 0 | 199857 | 0 | 0 | 0 |
| PHILIP J MCCABE | |||||||||||||
| 159192 | 0 | 0 | 0 | 3225 | 0 | 12858 | 0 | 1530 | 0 | 176805 | 0 | 0 | 0 |
| PATRICIA W WALKER | |||||||||||||
| 145149 | 0 | 29001 | 0 | 5690 | 0 | 12000 | 0 | 4854 | 0 | 196694 | 0 | 0 | 0 |
| CLAIRE J PAOLINI | |||||||||||||
| 58428 | 0 | 29053 | 0 | 75407 | 0 | 4842 | 0 | 2098 | 0 | 169828 | 0 | 0 | 0 |
| RUPENDRA PALIWAL | |||||||||||||
| 119468 | 0 | 0 | 0 | 44258 | 0 | 9600 | 0 | 532 | 0 | 173858 | 0 | 0 | 0 |
| MICHAEL EMERY | |||||||||||||
| 132921 | 0 | 0 | 0 | 21557 | 0 | 11028 | 0 | 4935 | 0 | 170441 | 0 | 0 | 0 |
Form990 Schedule J Part III Form990ScheduleJPartIII (5 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| PART I, LINE 1A | CERTAIN EMPLOYEE BENEFITS ARE GROSSED UP FOR TAXES. THESE BENEFITS ARE DICTATED BY CONTRACT. THE UNIVERSITY FUNDS COUNTRY CLUB MEMBERSHIPS IN THE NAME OF TWO OFFICERS. THE COUNTRY CLUB MEMBERSHIP IS USED FOR UNIVERSITY EVENTS AND THE ENTERTAINMENT OF PERSPECTIVE DONORS AND CONTRIBUTORS. | |
| PART I, LINE 4B | THE FORMER UNIVERSITY PRESIDENT, ANTHONY CERNERA PARTICIPATED IN A 457(F) NONQUALIFIED PLAN. THE AMOUNT IN THE PLAN REVERTED BACK TO THE UNIVERSITY DURING CALENDAR YEAR 2011. | |
| PART I, LINE 6 | BONUSES ARE PAID TO SENIOR STAFF MEMBERS BASED ON ACHIEVING THE TRANSFER TO THE TRUSTEE RESERVES (I.E. PROFITABILITY). SENIOR STAFF MEMBERS HAVE PERFORMANCE MEASURES FOR MANAGING THE UNIVERSITY TO MAINTAIN A BALANCED BUDGET. | |
| PART I, LINE 7 | THERE ARE QUANTITATIVE MEASURES THAT ARE APPLIED IN DETERMINING BONUSES TO CABINET MEMBERS. THE PRESIDENT AND THE BOARD HAVE DISCRETION TO ADJUST THE PAYMENTS FOR UNUSUAL CIRCUMSTANCES. IN ALL CASES, THESE PAYMENTS ARE REVIEWED WITH AND APPROVED BY THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES. | |
| PART III | SCHEDULE J, PART I, LINE 3 - COMPENSATION FOR THE UNIVERSITY'S PRESIDENT/CEO IS DETERMINED THROUGH AN EXTENSIVE REVIEW OF THE JOB RESPONSIBILITIES AND EXPECTATIONS OUTLINED BY THE BOARD. THE COMPENSATION COMMITTEE THEN PERFORMS A REVIEW OF EXTERNAL MARKET AND INDUSTRY SURVEY AND STUDY DATA. CONSIDERATION OF ALL ADDITIONAL RESPONSIBILITIES ARE DETAILED OUT IN SPECIFIC LANGUAGE IN AN EMPLOYMENT CONTRACT APPROVED BY OUR LEGAL COUNSEL. FINAL SALARY RANGES ARE THEN DETERMINED BY THE COMPENSATION COMMITTEE. COMPENSATION IS DETERMINED BY THE EVALUATION OF THE JOB DESCRIPTION AGAINST EXTERNAL MARKET DATA AVAILABLE AS WELL AS THE REVIEW OF OUR INTERNAL EMPLOYEE DATA. CONSIDERATION OF ADDITIONAL RESPONSIBILITIES AND OTHER FACTORS MAY ALSO CONTRIBUTE IN DETERMINING COMPENSATION. THE DELIBERATION AND DECISION ARE CONTEMPORANEOUSLY DOCUMENTED. | SUPPLEMENTAL INFORMATION |
Schedule K IRS990ScheduleK
Form990 Schedule K Part I Form990ScheduleKPartI (2 entries)
| Issuer EINIssuerEIN | CUSIP NumberCUSIPNumber | Date IssuedDateIssued | Issue PriceIssuePrice | Description Of PurposeDescriptionOfPurpose | DefeasedDefeased | On Behalf Of IssuerOnBehalfOfIssuer | Pool FinancingPoolFinancing |
|---|---|---|---|---|---|---|---|
| SACRED HEART UNIVERSITY - SERIES F | |||||||
| 060776644 | 20774LD93 | 2003-12-11 | 21700000 | RESIDENTIAL HOUSING | 0 | 0 | 0 |
| SACRED HEART UNIVERSITY - SERIES G | |||||||
| 060776644 | 20774U7W9 | 2011-06-29 | 44158819 | CONSTRUCTION PROJECTS, REFINANCE OF DEBT, (SEE PART V) | 0 | 0 | 0 |
Form990 Schedule K Part II Form990ScheduleKPartII (2 entries)
| Amount RetiredAmountRetired | Total ProceedsTotalProceeds | Amount In Reserve FundAmountInReserveFund | Issuance Costs From ProceedsIssuanceCostsFromProceeds | Credit EnhancementCreditEnhancement | Capital ExpendituresCapitalExpenditures | Year Of Subst CompletionYearOfSubstCompletion | Current RefundingCurrentRefunding | Advance RefundingAdvanceRefunding | Final Allocation MadeFinalAllocationMade | Adequate Books And Recds MaintaindAdequateBooksAndRecdsMaintaind | Refunding EscrowRefundingEscrow | Other Spent ProceedsOtherSpentProceeds |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1855000 | 21700000 | 157224 | 433932 | 173254 | 21092814 | 2005 | 0 | 0 | 1 | 1 | ||
| 44158819 | 3182069 | 875145 | 28223370 | 1 | 0 | 0 | 1 | 11873235 | 5000 |
Form990 Schedule K Part III Form990ScheduleKPartIII (2 entries)
| Owning Bond Financed PropertyOwningBondFinancedProperty | Any Lease ArrangementsAnyLeaseArrangements | Mngment Cntrct Bond Financd PrprtyMngmentCntrctBondFinancdPrprty | Any Research AgreementsAnyResearchAgreements | Bond Counsel Routinely EngagedBondCounselRoutinelyEngaged | Prcntge Prvt Business Use By OthersPrcntgePrvtBusinessUseByOthers | Percentage Of Prvt Business Re UBIPercentageOfPrvtBusinessReUBI | Total Private Business UseTotalPrivateBusinessUse | Post Issuance Compliance ProcdrsPostIssuanceComplianceProcdrs |
|---|---|---|---|---|---|---|---|---|
| 0 | 0 | 1 | 0 | 1 | 0.00670 | 0.00000 | 0.00670 | 1 |
| 0 | 0 | 1 | 0 | 1 | 0.00000 | 0.00000 | 0.00000 | 1 |
Form990 Schedule K Part IV Form990ScheduleKPartIV (2 entries)
| Form8038 T FiledForm8038TFiled | Variable Rate IssueVariableRateIssue | Hedge Identified In Books And RecdsHedgeIdentifiedInBooksAndRecds | Gross Proceeds Invested In GICGrossProceedsInvestedInGIC | Gross Proceeds InvestedGrossProceedsInvested | Exception To RebateExceptionToRebate |
|---|---|---|---|---|---|
| 0 | 1 | 0 | 0 | 0 | 0 |
| 0 | 0 | 0 | 0 | 0 | 0 |
Form990 Schedule K Part V Form990ScheduleKPartV (2 entries)
| IdentifierIdentifier | ExplanationExplanation |
|---|---|
| PART 1 B (F) CONTINUED - | REFUNDING AND DEFEASANCE OF EARLIER BOND ISSUE SERIES C (ISSUE DATE 4/24/1996) |
| PART II, LINE 17 - | SERIES G BONDS CLOSED AT 6/29/11, ONE DAY BEFORE THE FISCAL YEAR END. |
Schedule L IRS990ScheduleL
Form990 Schedule L Part IV Form990ScheduleLPartIV (2 entries)
| RelationshipRelationship | Amount Of TransactionAmountOfTransaction | Description Of TransactionDescriptionOfTransaction | Sharing Of RevenuesSharingOfRevenues |
|---|---|---|---|
| SCHINE JULIANELLE & ANTONUCCI PC | |||
| OWNER - ROBERT JULIANELLE, SECRETARY/TRUSTEE | 329365 | LEGAL SERVICES | 0 |
| ANTHONY CERNERA | |||
| SON OF UNIVERSITY PRESIDENT, ANTHONY J. CERNERA | 50340 | EMPLOYEE | 0 |
Form990 Schedule L Part V Form990ScheduleLPartV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | SCHEDULE L, PART IV: | Identifier |
| Explanation | ROBERT L. JULIANELLE SERVES AS A TRUSTEE, SECRETARY OF THE BOARD OF TRUSTEES AND THE CORPORATION AND AS GENERAL COUNSEL. LEGAL SERVICES, PROVIDED AT PREVAILING RATES LESS A DISCOUNT, ARE PERFORMED BY MR. JULIANELLE THROUGH THE LAW FIRM OF SCHINE, JULIANELLE, & ANTONUCCI, P.C. MR. JULIANELLE IS THE SUBSTANTIAL PRINCIPAL OF THE LAW FIRM. MOST LEGAL SERVICES ARE PERFORMED BY MR. JULIANELLE, SOME BY OTHER MEMBERS OF THE LAW FIRM. AS GENERAL COUNSEL, MR. JULIANELLE PROVIDES LEGAL ADVICE, CONSULTATION AND SERVICES PERTAINING TO ALL ASPECTS OF THE UNIVERSITY, INCLUDING, BUT NOT LIMITED TO, CONTRACTS, REAL ESTATE, LEASES, EMPLOYMENT ISSUES, FACULTY ISSUES, AND THE OVERSIGHT OF LITIGATION. SPECIALIZED LEGAL COUNSEL IS RETAINED FOR LITIGATION, TAX AND PENSION, LABOR AND INTELLECTUAL PROPERTY MATTERS, AND OTHER MATTERS WHICH APPROPRIATELY REQUIRE SUCH REPRESENTATION. AN ANNUAL CONFLICT OF INTEREST FORM IS FILED BY MR. JULIANELLE TO THE AUDIT COMMITTEE IN ACCORDANCE WITH THE UNIVERSITY'S CONFLICT OF INTEREST POLICY. AN ANNUAL REPORT OF FEES IS FURNISHED TO THE AUDIT COMMITTEE. THERE ARE NO CHARGES FOR ACTING AS SECRETARY OR AS TRUSTEE. | Explanation |
Schedule M IRS990ScheduleM
Works Of Art WorksOfArt
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 9 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 52102 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | APPRAISAL | MethodOfDeterminingRevenues |
Securities Publicly Traded SecuritiesPubliclyTraded
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 12 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 175404 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | FMV | MethodOfDeterminingRevenues |
Other Non Cash Contributions Table OtherNonCashContributionsTable (3 entries)
| Non Cash CheckboxNonCashCheckbox | DescriptionDescription | Number Of ContributionsNumberOfContributions | Noncash Contribs Rptd F990NoncashContribsRptdF990 | Method Of Determining RevenuesMethodOfDeterminingRevenues |
|---|---|---|---|---|
| X | FOOD | 14 | 3505 | FMV |
| X | RAFFLE GIFTS | 136 | 30809 | FMV |
| X | OTHER SUNDRY | 8 | 9153 | FMV |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of8283 Received | 0 | NumberOf8283Received |
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeld |
| Review Process Unusual NC Gifts | 0 | ReviewProcessUnusualNCGifts |
| Third Parties Used | 0 | ThirdPartiesUsed |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (6 entries)
| IdentifierIdentifier | ExplanationExplanation | Return ReferenceReturnReference |
|---|---|---|
| FORM 990, PART VI, SECTION B, LINE 11 | THE FOLLOWING IS THE SUCCESSION OF THE REVIEWS THAT OCCUR PRIOR TO FILING FORM 990. REVISIONS TO THE RETURN MAY BE MADE AT ANY POINT PRIOR TO FINAL FILING OF THE RETURN: THE RETURN IS PREPARED BY AN OUTSIDE PREPARER WITH THE ASSISTANCE OF THE ACCOUNTING STAFF. THE RETURN IS THEN INDEPENDENTLY REVIEWED BY THE CONTROLLER, THE VICE PRESIDENT FOR FINANCE, AND THE SENIOR VICE PRESIDENT FOR FINANCE AND ADMINISTRATION. COPIES OF THE RETURN ARE PROVIDED TO THE PRESIDENT, EACH MEMBER OF THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES AND THE CORPORATE SECRETARY FOR THEIR REVIEW AND COMMENT PRIOR TO FILING. | |
| EVERY YEAR, THE CONFLICT OF INTEREST POLICY IS REVIEWED. ALL KEY EMPLOYEES, TRUSTEES AND OFFICERS OF THE UNIVERSITY ARE REQUIRED TO REVIEW AND COMPLETE THE FORMS AS APPROPRIATE, SIGN, AND SUBMIT THE FORMS TO THEIR MANAGER OR BOARD SECRETARY FOR REVIEW AND SIGNATURE. | FORM 990, PART VI, SECTION B, LINE 12C | |
| COMPENSATION FOR THE UNIVERSITY'S PRESIDENT/CEO IS DETERMINED THROUGH AN EXTENSIVE REVIEW OF THE JOB RESPONSIBILITIES AND EXPECTATIONS OUTLINED BY THE BOARD. THE COMPENSATION COMMITTEE THEN PERFORMS A REVIEW OF EXTERNAL MARKET AND INDUSTRY SURVEY AND STUDY DATA. CONSIDERATION OF ALL ADDITIONAL RESPONSIBILITIES ARE DETAILED OUT IN SPECIFIC LANGUAGE IN AN EMPLOYMENT CONTRACT APPROVED BY OUR LEGAL COUNSEL. FINAL SALARY RANGES ARE THEN DETERMINED BY THE COMPENSATION COMMITTEE. COMPENSATION FOR OTHER KEY EMPLOYEES IS DETERMINED BY THE EVALUATION OF THE JOB DESCRIPTION AGAINST EXTERNAL MARKET DATA AVAILABLE AS WELL AS THE REVIEW OF OUR INTERNAL EMPLOYEE DATA. CONSIDERATION OF ADDITIONAL RESPONSIBILITIES AND OTHER FACTORS MAY ALSO CONTRIBUTE IN DETERMINING COMPENSATION. | FORM 990, PART VI, SECTION B, LINE 15 | |
| THE UNIVERSITY USES GUIDESTAR.ORG TO POST ITS 990 ANNUALLY. THIS MAKES THE 990 WIDELY AVAILABLE THROUGH THE INTERNET. COPIES ARE ALSO MADE AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST. GOVERNING DOCUMENTS AND THE ANNUAL FINANCIAL REPORT ARE MADE AVAILABLE TO BOARD MEMBERS AND IN COMPLIANCE WITH DEBT COVENANTS. UNIVERSITY EMPLOYEE AND FACULTY HANDBOOKS ARE POSTED ON THE UNIVERSITY WEBSITE. IN ADDITION, ALL STAFF AND FACULTY RECEIVE A HARD COPY. THE CONFLICT OF INTEREST POLICY IS ANNUALLY DISTRIBUTED ONLY TO KEY EMPLOYEES, DIRECTORS, AND OFFICERS OF THE UNIVERSITY TO SIGN AND RETURN. | FORM 990, PART VI, SECTION C, LINE 19 | |
| CHANGES IN NET ASSETS OR FUND BALANCES: | NET UNREALIZED GAINS ON INVESTMENTS: 14,831,509. WRITE-OFF OF PLANNING COSTS -1,584,992. EARLY RETIREMENT RESTRUCTURING COSTS -951,800. ADJUSTMENT OF CONTRIBUTIONS RECEIVABLE -377,049. GAIN ON SPLIT-INTEREST AGREEMENTS 3,642. MISC. ADJUSTMENT -216. TOTAL TO FORM 990, PART XI, LINE 5: 11,921,094. | FORM 990, PART XI, LINE 5: |
| THE FINANCIAL STATEMENTS AND TAX RETURN ARE INDEPENDENTLY REVIEWED BY THE CONTROLLER, THE VICE PRESIDENT FOR FINANCE, AND THE SENIOR VICE PRESIDENT FOR FINANCE AND ADMINISTRATION. COPIES ARE THEN PROVIDED TO THE PRESIDENT AND MEMBERS OF THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES AND THE CORPORATE SECRETARY FOR THEIR REVIEW AND COMMENT PRIOR TO COMPLETION AND FILING. | FORM 990, PART XII, LINE 2C: |
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