2026-05-12T17:14:41-05:00 2025-06-30 991856619 GRANT THORNTON ADVISORS LLC 757 THIRD AVENUE 9TH FLOOR NEW YORK NY 100172013 990 2024-07-01 111733439 ST JOSEPH'S UNIVERSITY NEW YORK STJO 7189405300 245 CLINTON AVENUE BROOKLYN NY 11205 JOHN C ROTH INTERIM CFO & CONTROLLER 7189405616 2026-05-12 1 0 SCOTT THOMPSETT P00741490 2125990100 2024 2025-03-06 01:10:19Z DONALD BOOMGAARDEN 245 CLINTON AVENUE BROOKLYN NY 11205 146962111 0 X WWW.SJNY.EDU X 1916 NY THE UNIVERSITY PROVIDES AN AFFORDABLE LIBERAL ARTS EDUCATION TO A DIVERSE GROUP OF STUDENTS. 20 19 1549 195 0 0 11881613 7678419 122457174 124286305 3181268 3687648 482894 750987 138002949 136403359 46548382 47713429 0 0 63032105 59419007 0 0 1222093 29287935 29018772 138868422 136151208 -865473 252151 166845666 164468030 52971611 48581877 113874055 115886153 X SEE SCHEDULE O 0 0 108395019 47713429 122128110 EDUCATIONAL INSTITUTION OF HIGHER LEARNING THAT PROVIDES ACADEMIC UNDERGRADUATE AND GRADUATE LEVEL PROGRAMS. THE UNIVERSITY PROVIDES STRONG ACADEMIC AND VALUE-ORIENTED PROGRAMS ROOTED IN A LIBERAL ARTS TRADITION THAT SUPPORT THE PROVISION FOR CAREER PREPARATION AND ENHANCEMENT. THE STRONG ACADEMIC PROGRAMS INCLUDE MORE THAN FIFTY UNDERGRADUATE MAJORS, PRE-PROFESSIONAL AND CERTIFICATE PROGRAMS, WITH GRADUATE DEGREES IN MANAGEMENT, BUSINESS, CYBER SECURITY, HEALTH CARE MANAGEMENT, HUMAN SERVICES, NURSING, ACCOUNTING AND EDUCATION, A STUDENT-FACULTY RATIO OF 15:1 AND MORE THAN 500 DEDICATED FACULTY, WHO ARE AVAILABLE IN A SMALL-CLASS ENVIRONMENT. 1074256 0 2188866 THE DILLON CHILD STUDY CENTER OFFERS TODDLER, PRESCHOOL AND KINDERGARTEN PROGRAMS BASED ON THE CHILD DEVELOPMENT APPROACH TO THE EDUCATION OF YOUNG CHILDREN. LOCATED ON ST. JOSEPH'S UNIVERSITY, NEW YORK CAMPUS IN THE CLINTON HILL SECTION OF BROOKLYN, DILLON, FOUNDED IN 1934, IS HISTORICALLY ONE OF THE FIRST UNIVERSITY PRESCHOOLS ON THE EAST COAST. LICENSED BY THE NEW YORK CITY DEPARTMENT OF HEALTH AND REGISTERED WITH THE NEW YORK STATE DEPARTMENT OF EDUCATION, DILLON SERVES OVER ONE HUNDRED CHILDREN, WITH FIVE CLASSES FOR PRE-KINDERGARTEN AND KINDERGARTEN CHILDREN AND AN INCLUSIVE CLASS OF BOTH TYPICALLY AND ATYPICALLY DEVELOPING CHILDREN. IN A CHILD-CENTERED ATMOSPHERE, CHILDREN LEARN THROUGH PLAY AND DEVELOP CONFIDENCE, COMPETENCE AND DISPOSITIONS FOR FUTURE LEARNING. ALL TEACHERS HAVE OBTAINED OR ARE WORKING TOWARD EARLY CHILDHOOD CERTIFICATION AND THEIR MASTER'S DEGREES. 35621 0 16822 THE CLARE ROSE PLAYHOUSE SERVES AS A MAJOR TEACHING FACILITY FOR THE UNIVERSITY'S THEATER COURSES AND A TRAINING GROUND FOR YOUNG ACTORS. THE PLAYHOUSE IS THE SITE OF COMMUNITY THEATER PRODUCTIONS OF MUSICALS, DRAMAS, COMEDIES, CABARET ACTS, MUSICAL PERFORMANCES, DANCE TROUPES AND COMEDIANS. 109504896 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 201 0 1 1549 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 20 19 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X MARION KOWALSKI INTERIM CFO & CONTROLLER 7189405616 245 CLINTON AVENUE BROOKLYN NY 11205 DONALD BOOMGAARDEN PRESIDENT (NON VOTING TRUSTEE) 35.00 0.00 X X 600384 0 109921 CHRISTOPHER R CARROLL ESQ CHAIR 1.00 0.00 X X 0 0 0 DR MARY ELLEN FREELEY EDD VICE CHAIR 1.00 0.00 X X 0 0 0 PETER M MEYER SECRETARY 1.00 0.00 X X 0 0 0 MATTHEW BARBIS CFS CTS BOARD MEMBER 1.00 0.00 X 0 0 0 NEAL BERMAS PHD BOARD MEMBER 1.00 0.00 X 0 0 0 MARY BUTZ BOARD MEMBER 1.00 0.00 X 0 0 0 SISTER ANGELA GANNON CSJ BOARD MEMBER 1.00 0.00 X 0 0 0 SISTER HELEN KEARNEY CSJ BOARD MEMBER 1.00 0.00 X 0 0 0 BRENNIN J KROOG BOARD MEMBER 1.00 0.00 X 0 0 0 DENNIS MCCARTHY BOARD MEMBER 1.00 0.00 X 0 0 0 SISTER KATHLEEN MCKINNEY CSJ BOARD MEMBER 1.00 0.00 X 0 0 0 MARGARET MOHAN MEEGAN BOARD MEMBER 1.00 0.00 X 0 0 0 MICHAEL W MEYERS ESQ BOARD MEMBER 1.00 0.00 X 0 0 0 RAYMOND MORALES BOARD MEMBER 1.00 0.00 X 0 0 0 LATOYA O'GERE BOARD MEMBER 1.00 0.00 X 0 0 0 SUSAN SOMERVILLE BOARD MEMBER 1.00 0.00 X 0 0 0 JUDITH A STEARNS BOARD MEMBER 1.00 0.00 X 0 0 0 LEONARD STEKOL CPA BOARD MEMBER 1.00 0.00 X 0 0 0 MARSILIA BOYLE BOARD MEMBER 1.00 0.00 X 0 0 0 MICHAEL HARNEY BOARD MEMBER 1.00 0.00 X 0 0 0 JOHN C ROTH CFO (THRU 6/30/2025) 35.00 0.00 X 314442 0 42597 HEATHER BARRY PROVOST 35.00 0.00 X 239883 0 21905 EILEEN JAHN EXECUTIVE DEAN - LI 35.00 0.00 X 193736 0 33752 RORY-SHAFFER WALSH VP INSTITUTIONAL ADVANCEMENT 35.00 0.00 X 219211 0 16909 CHRISTINE MURPHY VP ENROLLMENT MANAGEMENT 35.00 0.00 X 247980 0 18958 PHILLIP DEHNE EXECUTIVE DEAN - BK 35.00 0.00 X 178253 0 61694 MICHELLE PAPAJOHN CHIEF INFORMATION OFFICER 35.00 0.00 X 207198 0 32811 JESSICA DECATUR VP OF MARKETING & COMMUNICATION 35.00 0.00 X 174530 0 61214 ROBERT HERR ASSOCIATE VP FOR ENROLLMENT 35.00 0.00 X 190000 0 14408 KATHERINE GRANELLI FACULTY 35.00 0.00 X 193955 0 26543 GAIL LAMBERTA FACULTY 35.00 0.00 X 165354 0 27443 SUSAN STRAUT-COLLARD FACULTY 35.00 0.00 X 169435 0 41061 MARION KOWALSKI CONTROLLER 35.00 0.00 X 161813 0 12667 SHAWN ROBERTSON FACULTY 35.00 0.00 X 167055 0 8742 ROBERT RILEY FORMER PROVOST/CURRENT FACULTY 35.00 0.00 X 119299 0 26804 RAYMOND D'ANGELO FORMER DEAN/CURRENT FACULTY 35.00 0.00 X 134352 0 42205 MICHAEL HANOPHY FORMER DEAN/CURRENT FACULTY 35.00 0.00 X 129746 0 40254 WENDY TURGEON FORMER DEAN/CURRENT FACULTY 35.00 0.00 X 140447 0 8592 3947073 0 648480 112 1 1 0 UNIVERSAL PROTECTION SERVICE LLC PO BOX 828854 PHILADELPHIA PA 191828854 SECURITY SERVICES 917563 UNIVERSAL PROTECTION SERVICE LP PO BOX 828854 PHILADELPHIA PA 191828854 SECURITY SERVICES 797731 NASSAU EVENTS CENTER LLC 1255 HEMPSTEAD TPKE UNIONDALE NY 11553 EVENT SERVICES 235000 GRANT THORNTON LLP 33570 TREASURY CENTER CHICAGO IL 606943500 AUDIT AND TAX SERVICES 162757 4 248947 5488838 1940634 5534 7678419 TUITION AND FEES 900099 120495385 120495385 CHILD STUDY CENTER 900099 2188866 2188866 STUDENT HOUSING 900099 1585232 1585232 PERFORMANCE FEES 711130 16822 16822 124286305 1343268 1343268 561991 0 561991 561991 561991 12729235 10384855 2344380 2344380 2344380 111674 248947 173897 -62223 -62223 ATHLETICS REVENUE 611420 47493 47493 BOOKSTORE/VENDING/COMMISSIONS 611710 25878 25878 177848 177848 251219 136403359 124333798 0 4391142 47713429 47713429 3234882 1476672 1600451 157759 673792 673792 41433418 33500742 7438340 494336 2179435 1664832 469610 44993 8554361 6622674 1818822 112865 3343119 2668535 626291 48293 33264 33264 231341 231341 250894 250894 3176210 1623322 1436157 116731 2440039 25747 2411865 2427 1774932 1375402 291480 108050 2794691 843883 1950569 239 6115637 4095038 1987996 32603 535501 496562 38891 48 29495 23493 6002 1231827 886916 332593 12318 4160840 2995804 1123428 41608 1335396 1335396 BUILDING CONTRACTED SVC 2329354 1692815 613805 22734 SCHEDULED EVENTS 1145323 729349 390334 25640 BOOKS/MEMBERSHIPS/SUBS. 453632 248994 204625 13 STUDENT BAD DEBT 440106 440106 540290 146895 391959 1436 136151208 109504896 25424219 1222093 975020 294782 4258920 6461668 1110392 1857851 2001672 2467909 151840 119087 1430313 1651443 180069771 99590901 83230267 80478870 65009972 64431044 8677270 6705376 166845666 164468030 8265122 6188642 4964449 5284905 31790600 30462736 7951440 6645594 52971611 48581877 X 76784432 77626625 37089623 38259528 113874055 115886153 166845666 164468030 X 252151 1798079 -38133 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 63464101 661223 4941602 1419036 4009044 63638846 60013131 1744008 9475150 1315275 6452913 63464101 57335730 588136 7303282 1218124 3995893 60013131 67610948 1133708 -10204124 1204802 57335730 48040768 3217555 17302966 950341 67610948 0.41999 0.35443 0.22558 0 0 8498037 8498037 135665434 67373794 68291640 35906300 32217107 3689193 80478870 OPERATING LEASE LIABILITIES 5518467 FINANCING LEASE LIABILITIES 864244 REFUNDABLE GOV'T GRANTS 187768 BENEFICIAL INTEREST IN TRUSTS 75115 6645594 X 90198983 1798079 -38133 1759946 88439037 250894 47713429 47964323 136403360 88186885 0 88186885 250894 47713429 47964323 136151208 PART V, LINE 4: INTENDED USE OF ENDOWMENT FUND ST. JOSEPH'S UNIVERSITY, NEW YORK HOLDS AN ENDOWMENT FOR THE PURPOSE OF GENERATING FUNDS TO SUPPORT THE UNIVERSITY'S EDUCATIONAL MISSION. ENDOWMENT EARNINGS ARE INTENDED TO BE USED TO FUND SCHOLARSHIPS, FACILITY UPGRADES, AND EDUCATIONAL PROGRAMS. THE UNIVERSITY WOULD PREFER TO LEAVE THE PRINCIPAL UNTOUCHED. IN FISCAL YEAR 2025, THE UNIVERSITY TRANSFERRED $4,009,044 OF FUNDS FROM ITS QUASI ENDOWMENT TO COVER THE OPERATING SHORTFALL. THIS TRANSFER IS REFLECTED IN SCHEDULE D, PART V, LINE 1(F) IN THE CURRENT YEAR COLUMN. PART X, LINE 2: PROVISION FOR INCOME TAXES THE UNIVERSITY ADOPTED THE PROVISIONS OF ASC 740, ACCOUNTING FOR UNCERTAINTIES IN INCOME TAXES. ASC 740-10 CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN, INCLUDING ISSUES RELATING TO FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT. THIS STANDARD PROVIDES THAT THE TAX EFFECTS FROM AN UNCERTAINTAX POSITION CAN BE RECOGNIZED IN THE FINANCIAL STATEMENTS ONLY IF THEPOSITION IS "MORE-LIKELY-THAN-NOT" TO BE SUSTAINED IF THE POSITION WERE TO BE CHALLENGED BY A TAXING AUTHORITY. THE ASSESSMENT OF THE TAX POSITION IS BASED SOLELY ON THE TECHNICAL MERITS OF THE POSITION, WITHOUT REGARD TO THE LIKELIHOOD THAT THE TAX POSITION MAY BE CHALLENGED. THE UNIVERSITY IS EXEMPT FROM FEDERAL AND NEW YORK INCOME TAXATION BY VIRTUE OF BEING AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3) OF THE IRC AND SIMILAR PROVISIONS OF THE NEW YORK STATE TAX CODE. NEVERTHELESS, THE UNIVERSITY MAY BE SUBJECT TO TAX ON INCOME UNRELATED TO ITS EXEMPT PURPOSE, UNLESS THAT INCOME IS OTHERWISE EXCLUDED BY THE CODE. MANAGEMENT BELIEVES THAT THERE ARE NO UNCERTAIN TAX POSITIONS WITHIN ITS FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN FAIR MARKET VALUE OF SPLIT INTEREST AGREEMENTS -38,133. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIP EXPENSES NETTED AGAINST TUITION FOR FINANCIAL STATEMENT PURPOSES 47,713,429. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIP EXPENSES NETTED AGAINST TUITION FOR FINANCIAL STATEMENT PURPOSES 47,713,429. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE UNIVERSITY MAKES CERTAIN TO PUBLICIZE ITS NONDISCRIMINATORY POLICY IN AS MANY PUBLICATIONS AS POSSIBLE, INCLUDING, BUT NOT LIMITED TO, ITS UNIVERSITY CATALOGUE, BULLETINS AND BROCHURES, NEWSPAPER ADS AND IN OTHER PUBLIC COMMUNICATIONS. SCHEDULE E, PART I, LINE 6 THE UNIVERSITY ADMINISTERS STUDENT FINANCIAL AID THROUGH GOVERNMENT FUNDED PROGRAMS. THE MAIN FEDERAL FINANCIAL ASSISTANCE PROGRAMS FOR STUDENTS INCLUDE: FEDERAL DIRECT LOANS, FEDERAL PERKINS LOANS, FEDERAL PELL GRANTS, FEDERAL WORK-STUDY AND FEDERAL SUPPLEMENTAL EDUCATION OPPORTUNITY GRANTS. GOLF TOURNAMENT 145346 86017 59329 12029 48625 1972 9716 GALA 215275 162930 52345 3325 43987 4130 50113 360621 248947 111674 15354 92612 6102 59829 173897 -62223 1 STUDENT AID/SCHOLARSHIPS 3189 47713429 PART I, LINE 2: DESCRIPTION FOR MONITORING THE USE OF GRANT FUNDS IN THE UNITED STATES THE UNIVERSITY PROVIDES SCHOLARSHIPS TO STUDENTS MATRICULATING AT THE UNIVERSITY. CERTAIN CRITERIA ARE ESTABLISHED THAT EACH STUDENT IS REQUIRED TO MEET TO RETAIN THEIR SCHOLARSHIP. THE UNIVERSITY DOES NOT NEED TO MONITOR THE USE OF SCHOLARSHIP FUNDS AS THOSE AMOUNTS ARE DIRECTLY SPENT TO DEFRAY THE COST OF TUITION. THERE IS NO OPPORTUNITY FOR THE FUNDS TO BE DIRECTED TO ANOTHER PURPOSE. X 1 0 X X 0 0 0 0 0 0 0 0 0 DONALD BOOMGAARDEN PRESIDENT (NON VOTING TRUSTEE) 540384 0 0 0 60000 0 67650 0 42271 0 710305 0 0 0 JOHN C ROTH CFO (THRU 6/30/2025) 314442 0 0 0 0 0 24135 0 18462 0 357039 0 0 0 CHRISTINE MURPHY VP ENROLLMENT MANAGEMENT 247980 0 0 0 0 0 18958 0 0 0 266938 0 0 0 HEATHER BARRY PROVOST 239883 0 0 0 0 0 18958 0 2947 0 261788 0 0 0 MICHELLE PAPAJOHN CHIEF INFORMATION OFFICER 207198 0 0 0 0 0 15353 0 17458 0 240009 0 0 0 PHILLIP DEHNE EXECUTIVE DEAN - BK 178253 0 0 0 0 0 14888 0 46806 0 239947 0 0 0 RORY-SHAFFER WALSH VP INSTITUTIONAL ADVANCEMENT 219211 0 0 0 0 0 16909 0 0 0 236120 0 0 0 JESSICA DECATUR VP OF MARKETING & COMMUNICATION 174530 0 0 0 0 0 14408 0 46806 0 235744 0 0 0 EILEEN JAHN EXECUTIVE DEAN - LI 193736 0 0 0 0 0 15290 0 18462 0 227488 0 0 0 KATHERINE GRANELLI FACULTY 193955 0 0 0 0 0 8081 0 18462 0 220498 0 0 0 SUSAN STRAUT-COLLARD FACULTY 169435 0 0 0 0 0 9578 0 31483 0 210496 0 0 0 ROBERT HERR ASSOCIATE VP FOR ENROLLMENT 190000 0 0 0 0 0 14408 0 0 0 204408 0 0 0 GAIL LAMBERTA FACULTY 165354 0 0 0 0 0 8981 0 18462 0 192797 0 0 0 RAYMOND D'ANGELO FORMER DEAN/CURRENT FACULTY 134352 0 0 0 0 0 10722 0 31483 0 176557 0 0 0 SHAWN ROBERTSON FACULTY 167055 0 0 0 0 0 8742 0 0 0 175797 0 0 0 MARION KOWALSKI CONTROLLER 161813 0 0 0 0 0 12667 0 0 0 174480 0 0 0 MICHAEL HANOPHY FORMER DEAN/CURRENT FACULTY 129746 0 0 0 0 0 8771 0 31483 0 170000 0 0 0 WENDY TURGEON FORMER DEAN/CURRENT FACULTY 140447 0 0 0 0 0 8592 0 0 0 149039 0 0 0 ROBERT RILEY FORMER PROVOST/CURRENT FACULTY 119299 0 0 0 0 0 8342 0 18462 0 146103 0 0 0 PART I, LINE 1A PRESIDENT BOOMGAARDEN RECEIVED A HOUSING ALLOWANCE FROM THE UNIVERSITY IN THE CALENDAR YEAR ENDED DECEMBER 31, 2024. THE UNIVERSITY HAS DETERMINED THAT THE HOUSING ALLOWANCE IS TAXABLE TO THE PRESIDENT AND INCLUDED THE VALUE OF THE HOUSING IN HIS WAGES. THE AMOUNT IS DISCLOSED IN SCHEDULE J, PART II, COLUMN (B)(III). PRESIDENT BOOMGAARDEN ALSO RECEIVED AN AUTO ALLOWANCE FROM THE UNIVERSITY IN THE CALENDAR YEAR ENDED DECEMBER 31, 2024 WHICH THE UNIVERSITY DETERMINED TO BE NONTAXABLE TO THE PRESIDENT. THE AMOUNT IS INCLUDED IN SCHEDULE J, PART II, COLUMN (D). A DORMITORY AUTHORITY OF THE STATE OF NEW YORK 146000293 64990G4Y5 2021-01-21 17403021 CONSTRUCT STUDENT CTR, PUMP STATION & SEWER SYSTEM 0 0 0 B DORMITORY AUTHORITY OF THE STATE OF NEW YORK 146000293 64990GV33 2020-06-18 18948105 REFI SERIES 2010 FOR CONSTRUCT ATHLETIC FACILITY 0 0 0 A 895000 17403021 348061 17054960 2024 0 0 0 1 B 3410000 18948105 378962 18569143 2020 0 1 1 1 A 0 0 0 0 0 0 1 B 0 0 0 0 0 0 1 A 1 0 0 0 0 1 B 0 0 0 1 0 0 0 0 1 A 1 B 1 SCHEDULE K, PART IV, ARBITRAGE THE ORGANIZATION ENGAGED AN INDEPENDENT ARBITRAGE CONSULTANT TO PERFORM PERIODIC CALCULATIONS TO DETERMINE WHETHER THE TAX EXEMPT BOND ISSUES GENERATED ARBITRAGE REBATE LIABILITY UNDER SECTION 148 OF THE INTERNAL REVENUE CODE AND APPLICABLE TREASURY REGULATIONS. THE ARBITRAGE ANALYSIS COVERED ALL RELEVANT FUNDS, INCLUDING CONSTRUCTION FUNDS, DEBT SERVICE FUNDS, AND ANY OTHER BOND RELATED ACCOUNTS SUBJECT TO REBATE REGULATIONS. BASED ON THE ARBITRAGE COMPUTATION REFLECTED IN THE CONSULTANT'S REPORT, AN ARBITRAGE REBATE LIABILITY OF $803 WAS IDENTIFIED ON THE 2021 BOND AND THE UNIVERSITY REMITTED THE PAYMENT TO THE U.S. TREASURY AS OF THE COMPUTATION DATE. THE ORGANIZATION CONTINUES TO MONITOR ARBITRAGE REBATE COMPLIANCE AND INTENDS TO ENGAGE ITS ARBITRAGE CONSULTANT TO PERFORM FUTURE CALCULATIONS AND REBATE ANALYSES AS REQUIRED UNDER FEDERAL TAX LAW. THE ORGANIZATION MAINTAINS APPROPRIATE RECORDS AND DOCUMENTATION TO SUPPORT ITS ARBITRAGE COMPLIANCE POSITION. THE UNIVERSITY COMMISSIONED AN ARBITRAGE REBATE CALCULATION ON ITS 2020 BOND CONCURRENTLY WITH ITS 2021 BOND; THE OUTSIDE CONSULTANT CONCLUDED THAT NO REBATE WAS DUE ON THE 2020 BOND. PART III, LINE 1, ORGANIZATION'S MISSION: FOUNDED IN 1916 BY THE SISTERS OF ST. JOSEPH, THE MISSION OF ST. JOSEPH'S UNIVERSITY, NEW YORK IS TO PROVIDE A STRONG ACADEMIC AND VALUE-ORIENTED EDUCATION AT THE UNDERGRADUATE AND GRADUATE LEVELS, ROOTED IN A LIBERAL ARTS TRADITION THAT SUPPORTS PROVISION FOR CAREER PREPARATION AND ENHANCEMENT. WHILE PROUD OF ITS CATHOLIC TRADITION, ST. JOSEPH'S IS INDEPENDENT AND COEDUCATIONAL, OFFERING AN AFFORDABLE PRIVATE EDUCATION THAT SERVES A DIVERSE POPULATION OF ACADEMICALLY ELIGIBLE STUDENTS. THE UNIVERSITY PREPARES EACH STUDENT FOR A LIFE CHARACTERIZED BY INTEGRITY, INTELLECTUAL AND SPIRITUAL VALUES, SOCIAL RESPONSIBILITY AND SERVICE; A LIFE THAT IS WORTHY OF OUR MOTTO: ESSE NON VIDERI - "TO BE, NOT TO SEEM." ST. JOSEPH'S UNIVERSITY HOLDS CLOSELY THE AFOREMENTIONED FIVE KEY VALUES, WHICH OCCUPY THE CORE OF THE INSTITUTION'S PERSONALITY. THE INSTITUTION VIEWS INTELLECTUAL RIGOR AND SPIRITUAL DEPTH AS KEY COMPONENTS OF A LIBERAL ARTS EDUCATION. ALONG WITH THIS, ST. JOSEPH'S PLACES A HIGH PRIORITY ON PERSONAL INTEGRITY, AND EMPHASIZES PUTTING ITS VALUES INTO ACTION BY HELPING STUDENTS DEVELOP A STRONG SENSE OF SOCIAL RESPONSIBILITY AND INCULCATING WITHIN THEM A KEEN DESIRE TO SERVE OTHERS. A FURTHER ARTICULATION OF THESE VALUES IS REFLECTED IN THE FIVE PILLARS OF ST. JOSEPH'S UNIVERSITY. TO ACCOMPLISH THIS, ST. JOSEPH'S UNIVERSITY HAS ESTABLISHED THE FOLLOWING GOALS: - TO OFFER CURRICULA THAT FOSTER THE KNOWLEDGE AND INTELLECTUAL SKILLS ASSOCIATED WITH THE LIBERALLY EDUCATED PERSON - TO ENCOURAGE STUDENTS TO DEVELOP PERSONAL VALUE SYSTEMS AND RESPONSIBLE SELF-DIRECTION - TO FOSTER COMMITTED PARTICIPATION IN THE LOCAL AND GLOBAL COMMUNITIES - TO HELP STUDENTS DEVELOP AS WHOLE PERSONS BY PROVIDING INDIVIDUAL ATTENTION, INTERACTIVE TEACHING AND OPPORTUNITIES FOR ACTIVE PARTICIPATION IN ACADEMIC AND EXTRACURRICULAR PROGRAMS - TO PREPARE STUDENTS FOR THEIR CAREERS BY OFFERING THE NECESSARY PROFESSIONAL AND PRE-PROFESSIONAL EDUCATION - TO PROVIDE FOR THE NEEDS OF A DIVERSIFIED STUDENT POPULATION WITH VARIED EDUCATIONAL AND PROFESSIONAL EXPERIENCES - TO FOSTER AN ENVIRONMENT OF OPENNESS TO THE EXPLORATION AND UNDERSTANDING OF DIVERSE IDEAS, TRADITIONS AND CULTURES - TO SUPPORT EDUCATIONAL PROGRAMS AND SERVICES THAT WILL CONTRIBUTE TO THE VITALITY OF THE COMMUNITIES SERVED BY THE BROOKLYN AND LONG ISLAND CAMPUSES FORM 990, PART VI, SECTION B, LINE 11B PROCESS USED TO REVIEW FORM 990 THE FORM 990 WAS PREPARED BY A NATIONALLY RENOWNED ACCOUNTING FIRM IN CONJUNCTION WITH THE ORGANIZATION'S FINANCIAL DEPARTMENT. A COPY OF THE DRAFT FORM 990 WAS CIRCULATED TO THE FULL BOARD OF TRUSTEES FOR DISCUSSION AND COMMENT. EACH BOARD MEMBER WAS PROVIDED AMPLE OPPORTUNITY TO COMMENT ON THE INFORMATION CONTAINED IN THE 990 PRIOR TO ITS FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C ENFORCEMENT OF CONFLICT OF INTEREST POLICY EACH OFFICER, DIRECTOR, TRUSTEE AND KEY EMPLOYEE OF THE UNIVERSITY IS REQUIRED TO ANNUALLY DISCLOSE ANY CONFLICTS OF INTEREST THAT ARISE BY VIRTUE OF THEIR EMPLOYMENT, BOARD SERVICE, OR POSITION WITH THE UNIVERSITY. THE UNIVERSITY MONITORS COMPLIANCE WITH ITS CONFLICT OF INTEREST POLICY THROUGH AN ANNUAL QUESTIONNAIRE/DISCLOSURE STATEMENT THAT IS DISTRIBUTED TO THESE INDIVIDUALS. POTENTIAL CONFLICTS ARE INVESTIGATED IMMEDIATELY. FORM 990, PART VI, SECTION B, LINE 15 PROCESS FOR DETERMINING COMPENSATION THE UNIVERSITY UNDERTAKES A THOROUGH PROCESS TO ENSURE THAT THE EXECUTIVE COMPENSATION IT PAYS TO ITS TOP MANAGEMENT OFFICIAL AND ALL OF ITS OFFICERS AND KEY EMPLOYEES IS REASONABLE GIVEN THE MARKET IN WHICH THE COLLEGE OPERATES. IN RELEVANT PART, THE BOARD OF DIRECTORS HAS ESTABLISHED A COMPENSATION COMMITTEE OF INDEPENDENT PERSONS THAT HAVE NO PERSONAL INTEREST IN THE PROPOSED COMPENSATION AGREEMENT. THE COMPENSATION COMMITTEE COMPARES DATA FROM OTHER INSTITUTIONS TO ENSURE THAT THE UNIVERSITY COMPENSATES ITS EXECUTIVES COMMENSURATE WITH THE MARKET. FORM 990, PART VI, SECTION C, LINE 19 AVAILABILITY OF DOCUMENTS TO THE PUBLIC THE UNIVERSITY 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 UNIVERSITY'S FINANCIAL STATEMENTS, GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE NOT ORDINARILY MADE AVAILABLE TO THE PUBLIC, BUT, IF REQUESTED, WILL BE PROVIDED AT MANAGEMENT'S DISCRETION. FORM 990, PART XI, LINE 9: CHANGE IN FAIR MARKET VALUE OF SPLIT INTEREST AGREEMENTS -38,133.