2011-05-16T14:35:31-05:00 2010-06-30 JH COHN LLP 4 BECKER FARM ROAD ROSELAND NJ 070681739 990 2009-07-01 221508627 SAINT PETER'S COLLEGE SAIN 2017617425 2641 KENNEDY BOULEVARD JERSEY CITY NJ 073065943 DENTON L STARGEL 2017617425 2011-05-13 1 Thomas Lanning 9732283500 2009 2016-02-24 21:20:13Z EUGENE J CORNACCHIA 2641 KENNEDY Blvd JERSEY CITY NJ 07306 104226888 0 X www.spc.edu X 1872 NJ SAINT PETER'S COLLEGE, INSPIRED BY ITS JESUIT, CATHOLIC IDENTITY, COMMITMENT TO INDIVIDUAL ATTENTION AND GROUNDING IN THE LIBERAL ARTS, EDUCATES A DIVERSE COMMUNITY OF LEARNERS IN UNDERGRADUATE, GRADUATE AND PROFESSIONAL PROGRAMS TO EXCEL INTELLECTUALLY, LEAD ETHICALLY, SERVE COMPASSIONATELY AND PRMOTE JUSTICE IN OUR EVER-CHANGING URBAN AND GLOBAL ENVIRONMENT 32 31 1334 0 80792 0 7792526 8716639 73798390 77982385 -4134662 1974948 1062816 1293651 78519070 89967623 25817246 26221347 0 28601913 30755816 75209 135266 2463375 26719486 28587412 81213854 85699841 -2694784 4267782 100963022 107285110 71160332 76845930 29802690 30439180 SAINT PETER'S COLLEGE, INSPIRED BY ITS JESUIT, CATHOLIC IDENTITY, COMMITMENT TO INDIVIDUAL ATTENTION AND GROUNDING IN THE LIBERAL ARTS, EDUCATES A DIVERSE COMMUNITY OF LEARNERS IN UNDERGRADUATE, GRADUATE AND PROFESSIONAL PROGRAMS TO EXCEL INTELLECTUALLY, LEAD ETHICALLY, SERVE COMPASSIONATELY AND PROMOTE JUSTICE IN OUR EVER-CHANGING URBAN AND GLOBAL ENVIRONMENT 0 0 49946389 26221347 43582736 INSTRUCTION AND ACADEMIC SUPPORT-THE COLLEGE PROVIDES ACCREDITED COURSES AND OTHER RELATED SERVICES TO APPROXIMATELY 3,000 STUDENTS, INCLUDING BOTH DAY AND EVENING SESSIONS, FOR FULL-TIME OR PART-TIME UNDERGRADUATE AND GRADUATE STUDIES. FINANCIAL AID IS AWARDED TO STUDENTS FROM INSTITUTIONAL SOURCES BASED ON ACADEMIC ACHIEVEMENTS, ATHLETIC ABILITY, AND NEED. 18125385 8209088 STUDENT SERVICES - INCLUDES ENROLLMENT SERVICES, REGISTRAR, HEALTH AND COUNSELING PROGRAMS, FINANCIAL AID, CAMPUS MINISTRY, STUDENT CLUBS AND ORGANIZATIONS, INTERCOLLEGIATE AND INTRAMURAL SPORTS AND ACTIVITIES, AND STUDENT HOUSING. 955852 SPONSORED PROGRAMS - INCLUDES VARIOUS PRIVATE PROGRAMS FOR THE BENEFIT OF THE STUDENT BODY, SUCH AS ACADEMIC ENRICHMENT, ACADEMIC CHAIRS, CAPITAL CAMPAIGN, AND VARIOUS ENDOWED SCHOLARSHIPS. 69027626 1 1 0 1 0 0 1 0 1 1 1 0 1 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 1 158 0 1334 1 1 1 0 0 0 0 1 1 0 0 0 32 31 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X Denton l stargel 2017617425 2641 KENNEDY BOULEVARD JERSEY CITY NJ 073065943 EUGENE J CORNACCHIA 1.00 X X 258415 0 12227 DAVID BENDER 1.00 X 0 0 0 SUSAN u BREDEHOFT 1.00 X 0 0 0 THOMAS D CARVER 1.00 X 0 0 0 BERNARD W CICIRELLI jr 1.00 X 0 0 0 ANNETTE D CORBIN 1.00 X 0 0 0 WILLIAM J COZINE 1.00 X 0 0 0 JAMES J DALY 1.00 X 0 0 0 CHRISTOPHER DE PIZZO 1.00 X 0 0 0 HON JOSEPH V DORIA jr 1.00 X 0 0 0 ROBERT J GOLDSTEIN 1.00 X 0 0 0 JAMES F KEENAN 1.00 X 0 0 0 ROBERT G LAHITA MD 1.00 X 0 0 0 THOMAS P MACHAHON 1.00 X 0 0 0 RAYMOND C MAGUIRE MD 1.00 X 0 0 0 BRIAN M MAHER 1.00 X 0 0 0 FRANCIS A MCGRAIL 1.00 X 0 0 0 KATHLEEN M MCKENNA ESQ 1.00 X 0 0 0 CECILIA A MICHALIK 1.00 X 0 0 0 PAMELA T MILLER 1.00 X 0 0 0 JOHN MURRAY 1.00 X 0 0 0 JOSEPH A PANEPINTO ESQ 1.00 X 0 0 0 JOSEPH P PARKES SJ 1.00 X 0 0 0 SHARON A PASTORE 1.00 X 0 0 0 ANTHONY O PERGOLA ESQ 1.00 X 0 0 0 ROBERT EREISER SJ 1.00 X 0 0 0 MADELINE L ROMEU OD 1.00 X 0 0 0 RALPH R RUSSO 1.00 X 0 0 0 PATRICIA Q SHEEHAN 1.00 X 0 0 0 PETER G STEWART ESQ 1.00 X 0 0 0 JOHN T SULLIVAN ESQ 1.00 X 0 0 0 TONI ANN TURCO 1.00 X 0 0 0 KATHLEEN A TYRRELL ESQ 1.00 X 0 0 0 ELNARDO WEBSTER 1.00 X 0 0 0 JOHN WYNN 1.00 X 0 0 0 FRANCIS G ZIEGLER 1.00 X 0 0 0 KENNETH L PAYNE 35.00 X 178516 0 14336 EILEEN L POIANI 35.00 X 146214 0 6051 MARYLOU YAM 35.00 X 142984 0 12592 MICHAEL A FAZIO 35.00 X 138953 0 13483 VIRGINIA BENDER 35.00 X 112879 0 5935 TERENCE PEAVY 35.00 X 73611 0 2955 MICHAEL BRADEN SJ 35.00 X 0 0 0 GERARD PROTOMASTRO 35.00 X 134056 0 5296 JOHN J HAMPTON 35.00 X 130718 0 14157 LEONARD J SCIORRA 35.00 X 127329 0 6308 DIANE DI STAULO 35.00 X 123481 0 12066 PATRICK ELLIOT 35.00 X 118789 0 12234 1685945 0 117640 11 0 1 0 SUNGARD COLLEGIS INC 2300 MAITLAND CENTER PARKWAY SUITE MAITLAND FL 32751 INFORMATION TECH 1775335 SUMMIT SECURITY SERVICES 390 REXCORP PLAZA UNIONDALE NY 11556 SECURITY 1489864 COLLINS BUILDING SERVICES INC 24-01 44TH ROAD LONG ISLAND CITY NY 11101 CUSTODIAL 985271 INKWELL COMMUNICATIONS INC 216 8TH STREET PROVIDENCE RI 20906 ADVERTISING AGENCY MEDIA BUYING & DESIGN 760091 ROYALL AND COMPANY 1920 EAST PARHAM ROAD RICHMOND VA 23228 ENROLLMENT MANAGEMENT SVC 555177 23 153174 2490228 6073237 8716639 TUITION & FEES 900099 69804083 69804083 AUXILIARY ENTERPRISES 900099 8178302 5436266 2742036 77982385 535869 535869 30787 30787 136916 43146 93770 93770 80792 12978 15494176 14055097 1439079 1439079 1439079 42686 153174 161022 -118336 -118336 ATHLETICS 900099 1014711 1014711 FEES 900099 247219 247219 RECREATION LIFE CENTER 900009 25500 25500 1287430 89967623 77941358 80792 3228834 26221347 26221347 1348022 1183309 164713 23217485 19055783 2977747 1183955 314305 244628 44932 24745 3871168 3910428 -157775 118515 2004836 1300830 618301 85705 1098040 136452 950948 10640 209823 209823 459717 459717 51755 51755 135266 135266 201623 201623 1011625 742424 46251 222950 1434854 707623 429587 297644 1879948 6386 1873562 6795215 4977376 1790500 27339 774890 663757 82457 28676 945627 731421 95364 118842 1967620 1735751 231869 3377749 2897916 479833 451411 175056 276355 STUDENT MEAL PLAN 3428648 3428648 0 0 other expenses 3154528 1434304 1675839 44385 BAD DEBT 499479 499479 ATHLETICS EXPENSE 380731 380731 DATABASES, PERIODICALS, 276765 276765 187364 187364 85699841 69027626 14208840 2463375 7641920 11457147 5466546 5418850 5715321 1724485 1793036 49395 49208 853491 1327048 107720036 49029090 59409820 58690946 15011145 25552119 4053529 1406142 1333841 1294143 100963022 107285110 12666635 17679553 144502 142524 1189853 1322698 45936780 44936649 5133607 5146542 6088955 7617964 71160332 76845930 X -3737420 -7542696 14555852 17196847 18984258 20785029 29802690 30439180 100963022 107285110 X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 90743 90743 0 Part II-B, Line 1i: Explanation of Other Lobbying Activities: CORNERSTONE GOVERNMENT AFFAIRS, LLC IS RETAINED BY SAINT PETERS COLLEGE AS THE LOBBYING/ADVOCACY FIRM ON BEHALF OF THE COLLEGE TO SEEK FEDERAL FUNDING FROM CONGRESS FOR EQUIPMENT, EDUCATION AND RESEARCH PURPOSES X X X 0 22540085 1026798 2981848 984760 285000 25278971 31402328 1088129 -7148030 1576855 1225487 22540085 1 0 7906090 7906090 80571549 36262835 44308714 1149746 1057782 91964 15097367 11273007 3824360 2995284 435466 2559818 58690946 ANNUITY PAYMENT OBLIGATIONS 1166397 CONDITIONAL ASSET RETIREMENT 1871099 INTEREST RATE SWAP AGREEMENT 4580468 7617964 89967623 85699841 4267782 1166591 -4797883 -3631292 636490 64915412 1166591 204168 1370759 63544653 26422970 26422970 89967623 64278922 5002051 5002051 59276871 26422970 26422970 85699841 Part V, Line 4: Description of Intended Use of Endowment Funds: THE ORGANIZATIONS ENDOWMENT FUNDS WILL BE USED FOR SCHOLARSHIPS, CONSTRUCTION OF FACILITIES, AND TO FUND CHAIRS AND COLLEGE OPERATIONS. Part XII, Line 2d - Other Adjustments: Event expenes netted with revenue: 161022. RENTAL EXPENSES NETTED WITH REVENUE: 43146. Part XII, Line 4b - Other Adjustments: scholarships reclassed to expense on Form 990: 26221347. trustee fees reclassed to expense on form 990: 201623. Part XIII, Line 2d - Other Adjustments: event expenses netted with revenue: 161022. pension expense other than net periodic pension cost: 3092634. change in value of split-interest agreements: 67658. change in fair value of interest rate swap agreements: 1637591. RENTAL EXPENSES NETTED WITH REVENUE: 43146. Part XIII, Line 4b - Other Adjustments: scholarships reclassed to expense on form 990: 26221347. trustee fees reclassed to expense on form 990: 201623. The College is exempt from Federal income taxes under Section 501(c)(3) of the Internal Revenue Code and a similar provision of the New Jersey State income tax laws. Accordingly, no provision for income taxes has been reflected in the accompanying financial statements. The College has no unrecognized tax benefits at June 30, 2010 and 2009. The College's U.S. Federal and state tax filings prior to fiscal year 2007 are closed and management continually evaluates expiring statutes of limitations, audits, proposed settlements, changes in tax law and new authoritative rulings. 1 1 1 THE POLICY IS DESCRIBED IN ALL LITERATURE PUBLISHED FOR GENERAL PUBLIC DISTRIBUTION, WITHIN THE STUDENT HANDBOOK AND ON THE COLLEGE'S WEBSITE. 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 X X X X X X 1 GRAHAM-PELTON ASSOCIATES INC FUNDRAISING 0 0 135266 -135266 135266 -135266 FUNDRAISING 94329 81234 13095 2534 42632 527 23766 23616 FUNDRAISING 99450 71940 27510 2692 33636 8230 11239 2081 0 2081 12150 195860 153174 42686 5226 88418 527 31996 34855 161022 -118336 0 SCHOLARSHIPS 2494 26221347 Other Information: Part IV: THE UNIVERSITY PROVIDES SCHOLARSHIPS TO STUDENTS MATRICULATING AT THE UNIVERSITY, THEREFORE, ALL FUNDS GRANTED ARE USED TO DEFRAY THE COST OF TUITION AND NO FURTHER MONITORING OF THE GRANTS IS REQUIRED. X X 1 1 X X X X 0 0 0 0 0 0 0 1 0 EUGENE J CORNACCHIA 258415 0 0 0 0 0 11884 0 343 0 270642 0 141881 0 KENNETH L PAYNE 178516 0 0 0 0 0 8401 0 5935 0 192852 0 0 0 EILEEN L POIANI 146214 0 0 0 0 0 0 0 6051 0 152265 0 0 0 MARYLOU YAM 142984 0 0 0 0 0 7000 0 5592 0 155576 0 0 0 MICHAEL A FAZIO 138953 0 0 0 0 0 5383 0 8100 0 152436 0 0 0 Part I, Line 7 THE EXECUTIVE PERFORMANCE INCENTIVE PLAN ESTABLISHES THE INDIVIDUAL ANNUAL OBJECTIVES THAT REFLECT ACCOMPLISHMENT BEYOND THAT WOULD BE REGARDED AS COMPETENT PERFORMANCE OF THE DUTIES THAT ARE SET OUT IN A JOB PACT SHEET FOR THAT POSITION. THE OBJECTIVES ARE ESTABLISHED BY THE PRESIDENT. FOR THE YEAR ENDING JUNE 30, 2010 THE ORGANIZATION DID NOT PAY A BONUS. Supplemental Information Part III LINE 1 - THE PRESIDENT, EUGENE J. CORNACCHIA, RESIDES IN A COLLEGE-OWNED PROPERTY, GUARINI HOUSE, 2633 KENNEDY BOULEVARD, JERSEY CITY, NJ 07306, THAT IS IN CLOSE PROXIMITY TO THE COLLEGE, AS A CONDITION OF EMPLOYMENT AND FOR THE CONVENIENCE OF THE COLLEGE. THE COLLEGE LIKEWISE, PAYS A SMALL AMOUNT OF SOCIAL CLUB DUES FOR THE PRESIDENT. Supplemental Information Part III Father Braden is a JESUIT PRIEST WHO is an officer of the college, but he is not issued a w-2 for the salary he derives. for calendar year 2009, Father Braden was paid $60,300 however, he receives no benefits from the college and his entire salary is deposited directly into the Jesuit Province bank account. Per the instructions to the Form 990, his salary is not required to be reported in schedule J. Supplemental Information Part III KENNETH L. PAYNE WAS NOT REQUIRED TO BE REPORTED ON SCHEDULE J ON 2008 RETURN AND THEREFORE NO AMOUNTS ARE REPORTED ON SCHEDULE J, PART II, COLUMN F. NEW JERSEY EDUCATIONAL FACILITIES AUTHORITY 221829511 2007-12-28 5000000 FUND CAPITAL PROJECTS 0 0 5031882 693896 100000 184175 4021929 2015 1 1 0 1 0 1 0 0 0 0 X 1 1000 ESTIMATES X 29770 BILLS/ESTIMATE X 21 1580431 MEAN OF HIGH/LOW X TRANSPORTATION 1 660 BILL X EVENT SUPPORT 7 11684 BILLS/CHECKS X HARDWARE 4 15900 BILLS/ESTIMATES 0 1 1 Third Party Use: Part I, Line 32b: Schedule M, Line 32b: 32B- WELLS FARGO ADVISORS 461 FROM ROAD MACK VI SUITE 101 PARAMUS, NJ O7652 ACCOUNT NUMBER: 72732519 ACCEPT & SELL STOCK GIFTS, INVESTS PROCEEDS. NON-SOLICITOR. MORGAN STANLEY SMITH BARNEY LLC 12505 PARK POTOMAC AVE. SUITE 420 POTOMAC, MARYLAND 20854 ACCOUNT NUMBER: 1794761419 ACCEPT & SELLS STOCK GIFTS TO ENDOWMENT; INVESTS PROCEEDS. NON-SOLICITOR. Form 990, Part VI, Section B, line 11 A COPY OF THE DRAFT FORM 990 WAS CIRCULATED TO THE AUDIT COMMITTEE FOR DISCUSSION AND COMMENT. EACH BOARD MEMBER WAS PROVIDED A COPY OF THE FORM 990 PRIOR TO ITS FILING WITH THE INTERNAL REVENUE SERVICE. Form 990, Part VI, Section B, line 12c EACH OFFICER, DIRECTOR, TRUSTEE AND KEY EMPLOYEE IS REQUIRED TO ANNUALLY DISCLOSE ANY CONFLICTS OF INTEREST THAT ARISE BY VIRTUE OF THEIR EMPLOYMENT, BOARD SERVICE, OR POSITION WITH THE COLLEGE. THE COLLEGE MONITORS COMPLIANCE WITH ITS CONFLICT OF INTEREST POLICY THROUGH AN ANNUAL QUESTIONNAIRE/DISCLOSURE STATEMENT THAT IS DISTRIBUTED TO THESE INDIVIDUALS. POTENTIAL CONFLICTS ARE INVESTIGATED IMMEDIATELY. Form 990, Part VI, Section B, line 15 THE COLLEGE UNDERTAKES A THOROUGH PROCESS TO ENSURE THAT THE EXECUTIVE COMPENSATION IT PAYS TO ITS TOP MANAGEMENT OFFICIAL AND AND ALL OF ITS OFFICERS AND KEY EMPLOYEES OF THE ORGANIZATION IS REASONABLE GIVEN THE MARKET IN WHICH THE COLLEGE OPERATES. IN RELEVANT PART, THE BOARD OF TRUSTEES HAS ESTABLISHED A COMPENSATION COMMITTEE OF INDEPENDENT PERSONS WHO HAVE NO PERSONAL INTEREST IN THE PROPOSED COMPENSATION AGREEMENT. THE COMPENSATION COMMITTEE REVIEWS EXECUTIVE SALARY SURVEYS OF PEER GROUPS (AJCU ANNUAL ADMINISTRATIVE SALARY SURVEY, CUPA SURVEY) AND MARKET CONDITIONS TO DETERMINE COMPENSATION FOR THE COLLEGE'S TOP EXECUTIVES. THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES WILL THEN SET THE COMPENSATION FOR THE RELEVANT EXECUTIVE AND DOCUMENT THE DECISION IN BOARD MINUTES. Form 990, Part VI, Section C, line 19 THE ORGANIZATION MAKES ITS FORM 990 AVAILABLE TO THE PUBLIC BY RETAINING A COPY AT ITS PLACE OF BUSINESS. THE FORM 990 IS LIKEWISE PUBLISHED ON THE INTERNET AT WWW.GUIDESTAR.ORG. THE ORGANIZATION'S FINANCIAL STATEMENTS, GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY WILL BE AVAILABLE TO THE PUBLIC UPON REQUEST AND AT MANAGEMENT'S DISCRETION. FORM 990, PART XI, LINE 2C The Audit Committee of the Board of Trustees is responsible for overseeing regular audits of financial activities, ensuring that the College adheres to laws and regulations, and monitoring the institution's conflict of interest policies. FORM 990, PART VI, LINE 1 THREE TRUSTEES EMERITUS ATTEND AND PARTICIPATE IN BOARD OF TRUSTEE MEEINGS BUT HAVE NO VOTING RIGHTS. ALL OTHER TRUSTEES, INCLUDING THE PRESIDENT EX OFFICIO, TAKE PART IN BOARD DISCUSSIONS AND VOTE, PROVIDED THERE IS NO CONFLICT OF INTEREST. ALL BOARD MEMBERS EXCEPT THE PRESIDENT ARE INDEPENDENT VOTING MEMBERS. SPJC Management LLC 2641 Kennedy Boulevard Jersey City NJ 07306 201447046 Real Estate NJ 0 0 Saint Peter's college St Peter's College Holding Corp 2641 kennedy boulevard jersey city NJ 07306 201412644 real estate NJ 501(c) N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0