2026-05-14T07:50:56+00:00 2025-06-30 440160260 Forvis Mazars LLP 111 E Wayne Street Suite 600 Fort Wayne IN 46802 990 2024-07-01 060776644 SACRED HEART UNIVERSITY INCORPORATED SACR 2033968223 5151 PARK AVENUE FAIRFIELD CT 06825 JOHN PETILLO PRESIDENT 2033968223 2026-05-14 true Lauren Denton P01571860 2604604000 2026-05-14 2024 2025-03-06 01:10:19Z JOHN PETILLO 5151 PARK AVENUE FAIRFIELD CT 06825 631866071 false X WWW.SACREDHEART.EDU X 1963 CT THE UNIVERSITY IS A CO-EDUCATIONAL INSTITUTION OF HIGHER LEARNING OFFERING UNDERGRADUATE, GRADUATE AND DOCTORAL DEGREES, AS WELL AS CONTINUING EDUCATION IN A VARIETY OF DISCIPLINES, WITH A COMMITMENT TO LEADERSHIP IN CATHOLIC HIGHER EDUCATION. 22 21 5843 150 9081133 0 19690924 26145619 501559365 523394788 18918100 26034627 -198203 103661 539970186 575678695 136434867 152908820 0 0 158476811 171908293 307050 530961 4424484 163926081 178796183 459144809 504144257 80825377 71534438 1450684018 1533570955 571042177 558042932 879641841 975528023 X 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. THE UNIVERSITY IS A CO-EDUCATION INSTITUTION OF HIGHER LEARNING OFFERING UNDERGRADUATE,GRADUATE AND DOCTORAL DEGREES, AS WELL AS CONTINUING EDUCATION IN A VARIETY OF DISCIPLINES, WITH A COMMITMENT TO LEADERSHIP IN CATHOLIC HIGHER EDUCATION. false false 152774359 152774359 SACRED HEART UNIVERSITY'S STUDENT FINANCIAL ASSISTANCE OFFICE IS DEDICATED TO HELPING STUDENTS AND THEIR FAMILIES FIN THE MOST AFFORDABLE OPTIONS FOR ATTENDING COLLEGE. FULL-TIME UNDERGRADUATE STUDENTS CAN ACCESS TWO MAIN TYPES OF FINANCIAL ASSISTANCE: (1) TRADITIONAL MERIT OR NEED-BASED AID, AND (2) A VARIETY OF OTHER RESOURCES AVAILABLE TO ALL FAMILIES, REGARDLESS OF ELIGIBILITY FOR TRADITIONAL AID. PART-TIME UNDERGRADUATE AND GRADUATE STUDENTS MAY ALSO QUALIFY FOR SEVERAL FINANCIAL ASSISTANCE OPTIONS. 142900477 430541854 SACRED HEART CONTINUES TO OFFER A BROAD ARRAY OF UNDERGRADUATE AND GRADUATE PROGRAMS REGARDLESS OF WHICH UNDERGRADUATE OR GRADUATE PROGRAM IS CHOSEN, OUR FOCUS ON ACADEMIC OPPORTUNITIES - ROOTED IN THE CATHOLIC INTELLECTUAL TRADITION AND THE PRINCIPLES OF ENGAGED LEARNING-PROVIDES EACH STUDENT WITH A RICH, PERSONALIZED EDUCATIONAL EXPERIENCE. 73443900 5181912 SACRED HEART UNIVERSITY IS COMMITTED TO MEETING THE NEEDS OF ITS STUDENT BODY BY OFFERING A WIDE RANGE OF SERVICES THAT SUPPORT STUDENT SUCCESS AND ENHANCE THE OVERALL STUDENT EXPERIENCE. THROUGH ACADEMIC ADVISING, CAREER SERVICES, THE STUDENT SUCCESS CENTER, THE OFFICE OF ACCESSIBILITY, THE MAUREEN HAMILTON WELLNESS CENTER, AND STUDENT LIFE PROGRAMS, THE UNIVERSITY PROVIDES RESOURCES ALIGNED WITH ITS MISSION. THE UNIVERSITY ALSO PROMOTES ACTIVE LEARNING BEYOND THE CLASSROOM THROUGH ATHLETICS, FRATERNITY AND SORORITY LIFE, PERFORMING ARTS, AND LEADERSHIP OPPORTUNITIES THAT HELP STUDENTS GROW, BUILD CONFIDENCE, AND DEVELOP LEADERSHIP SKILLS. TOGETHER, THESE EFFORTS SUPPORT A HOLISTIC STUDENT EXPERIENCE AND PREPARE STUDENTS TO SUCCEED DURING THEIR TIME AT THE UNIVERSITY AND BEYOND. 77468538 87671022 AUXILIARY ENTERPRISES AND OTHER MISCELLANEOUS SERVICES USED TO SUPPORT THE PURPOSE AND MISSION OF SACRED HEART UNIVERSITY. 77468538 87671022 446587274 true true false false false false false true false true true false false false true true false true true true true false false true true true false true true true true true false false false false false false false false false true false false false true false false false false false true X 13661 0 true 5843 true true true true EI false false false true true false false false false true false X 22 21 false false false false false false false true true false true true false true true true true true true true false false CT X PETER WARD 2033968223 5151 PARK AVENUE FAIRFIELD CT 06825 GARY LEVIN VICE CHARIMAN 1.0 X X 0 0 0 JOHN J PETILLO PHD PRESIDENT 35.0 X X 1394216 0 130065 JOHN VAZQUEZ CHAIRMAN 1.0 X X 0 0 0 KEITH MCCULLOUGH TRUSTEE 1.0 X X 0 0 0 PAMELA MILLER ESQ SECRETARY 1.0 X X 0 0 0 CHRISTOPHER K MCLEOD TRUSTEE 1.0 X 0 0 0 CORY J ROBINSON TRUSTEE 1.0 X 0 0 0 DOMINICK FERRO TRUSTEE 1.0 X 0 0 0 DOUGLAS KENNEDY TRUSTEE 1.0 X 0 0 0 ERIC A WOOD EDD TRUSTEE 1.0 X 0 0 0 FRANK R MARTIRE TRUSTEE 1.0 X 0 0 0 JAMES T MORLEY JR TRUSTEE 1.0 X 0 0 0 JOHN COFINI TRUSTEE 1.0 X 0 0 0 KATHLEEN BOOZANG TRUSTEE 1.0 X 0 0 0 KENNETH S SIEGEL ESQ TRUSTEE 1.0 X 0 0 0 LINDA MCMAHON TRUSTEE (END 03/25) 1.0 X 0 0 0 MARY-ANN BUNTING TRUSTEE 1.0 X 0 0 0 MORGAN FORD TRUSTEE 1.0 X 0 0 0 NICHOLAS PATINO TRUSTEE 1.0 X 0 0 0 PATRICK CAROLAN MD TRUSTEE 1.0 X 0 0 0 PAULINE SPINELLI TRUSTEE 1.0 X 0 0 0 SUSAN DAVIS RN EDD FACHE TRUSTEE (End 12/24) 1.0 X 0 0 0 THOMAS SCRIVO TRUSTEE 1.0 X 0 0 0 WILLIAM MITCHELL TRUSTEE 1.0 X 0 0 0 MICHAEL LAROBINA ESQ GENERAL COUNSEL 35.0 X 347746 0 48063 PETER WARD SR VICE PRESIDENT FOR FINANCE 35.0 X 484714 0 72035 ROBIN CAUTIN PROVOST 35.0 X 487965 0 83794 DEANNA FIORENTINO VP FOR ENROLLMENT MANAGEMENT 35.0 X 278424 0 41105 MICHAEL IANNAZZI SR VICE PRESIDENT FOR ADMINISTRATION 35.0 X 366942 0 41092 MIGUEL MARTINEZ-SAENZ SR VP FOR STUDENT ENGAGEMENT 35.0 X 367269 0 76579 ROBERT HARDY VICE PRESIDENT OF HUMAN RESOURCES 35.0 X 277645 0 30872 DAVID TAYLOR DEAN 35.0 X 339095 0 39817 KAREN DALEY DEAN 35.0 X 451724 0 47174 MARC IZZO VP OF CONSTRUCTION & FACILITIES 35.0 X 308932 0 35810 MICHAEL ALFANO Vice President for Strategic Initiatives 35.0 X 313879 0 66928 PAUL SUTERA SR VP FOR UNIVERSITY ADVANCEMENT 35.0 X 385142 0 30702 5803693 0 744036 372 false true false Compass Group Inc (Chartwell's Higher Education) BoA PO Box 91337 Chicago IL 606931853 Food services for Meal Plans and University functions 22958749 Consigli Construction Co Inc 72 Sumner Street Milford MA 01757 Construction Services 15424696 Southeast Service Corporation 2400 Yorkmont Road Charlotte NC 28217 Janitorial Services 6977240 DATTCO Inc 583 South Street New Britian CT 06051 Transportation Services 3477417 Risepoint LLC 2803 Philadelphia PikeStreet Claymont DE 19703 Education Technology Services 2966400 118 0 0 1846850 0 8707800 15590969 105377 26145619 TUITION AND FEES 611310 430541854 430541854 AUXILIARY ACTIVITIES 611310 82072027 73670790 8401237 OTHER INCOME 900099 7729983 7050087 679896 PITT CENTER&ATHLETICS 611620 3050924 3050924 0 0 0 0 523394788 20685000 20685000 339533 163055 176478 0 176478 176478 60721780 55372153 5349627 0 5349627 5349627 552874 2399724 635868 -82994 -82994 26477 16300 10177 10177 0 0 0 0 0 575678695 514313655 9081133 26138288 134461 134461 152774359 152774359 4405306 774027 3631279 129960841 111977585 15579946 2403310 7485760 6387258 951961 146541 21042231 17651700 3051527 339004 9014155 7619796 1220018 174341 377133 377133 237737 38411 199326 530961 530961 830783 830783 38423464 33862316 4548990 12158 1329302 554692 758913 15697 8362474 5868883 2088409 405182 6490097 2668692 3710252 111153 16676858 15111562 1435892 129404 13294625 12478260 682832 133533 623267 509995 106859 6413 15664108 14493542 1170566 28774281 25568795 3205486 3296807 547781 2749026 CONTRACT SERVICES 23205713 20332863 2872850 MINOR EQUIPMENT FURNITURE 8558289 6120437 2436691 1161 REPAIRS AND MAINTENANCE 7239049 6422784 816265 INDIRECT COSTS/AID IN EXCESS OF TUITION 3057141 3104878 -53253 5516 2355055 1583797 761148 10110 504144257 446586874 53132899 4424484 93640781 117192774 5563050 7211817 1978499 1734285 0 0 7970747 8595946 1245690233 360861174 846773764 884829059 348484076 395319150 53835804 57135834 0 21047328 23739317 71389969 37812773 1450684018 1533570955 59174876 49415541 61694817 66834398 415062550 401563318 0 35109934 40229675 571042177 558042932 X 815610537 904784736 64031304 70743287 879641841 975528023 1450684018 1533570955 X 71534438 25110762 -759018 X false true true true true X 24155650 38218815 23827436 19989495 26145619 132337015 0 0 24155650 38218815 23827436 19989495 26145619 132337015 1974116 130362899 4867270 9250622 14805863 19261600 21024533 69209888 0 0 0 0 0 0 0 201546903 2310983746 0.64681 0.6836 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1690671 X false 316873105 14449189 37823685 0 11411211 0 357734768 269446297 11804822 36769605 0 1147619 0 316873105 240059029 10533330 20343977 0 1490039 0 269446297 247117996 12157924 -18106647 0 1110244 0 240059029 191568286 8816292 47746818 0 1013400 0 247117996 0.8444 0.09 0.0656 false false 83696187 83696187 857783623 192791342 664992281 108677469 58556727 50120742 99427551 82743328 16684223 96105403 26769777 69335626 884829059 Federal Income Taxes GOVERNMENT GRANTS REFUNDABLE - STUDENT LOANS 5155 LEASE LIABILITY 24289520 TAXABLE BONDS 10935000 NOTE PAYABLE 5000000 40229675 X 447075590 25110762 815223 25925985 421149605 995713 153533377 154529090 575678695 351189408 815223 815223 350374185 995713 152774359 153770072 504144257 Schedule D, Part X, Line 2 The University is exempt from federal income taxes under Section 501(a), as an organization described in Section 501(c)(3) of the Internal Revenue Code, as amended. Accordingly, it is not subject to income taxes except to the extent it has taxable income from activities that are unrelated to its exempt purpose. The University recognizes the effect of income tax positions only if those positions are likely to be sustained. No provision for income taxes was required for fiscal year 2025 or 2024. Schedule D, Part III, Line 4 Collections of art - description of collections WORKS OF ART ARE CONTRIBUTED TO THE UNIVERSITY FROM VARIOUS DONORS OR PURCHASED FOR PUBLIC EXHIBITION. THE SCHOOL DISPLAYS THEM IN VARIOUS LOCATIONS ACROSS THE UNIVERSITY FOR PUBLIC VIEWING. Schedule D, Part V, Line 4 Intended uses of endowment funds THE UNIVERSITY USES THE FUNDS FOR STUDENT SCHOLARSHIPS, TO PROVIDE EDUCATIONAL AND SUPPORT SERVICES, AND TO MAINTAIN AND EXPAND THE UNIVERSITY CAPITAL INFRASTRUCTURE IN ORDER TO SUSTAIN THE UNIVERSITY'S FINANCIAL STABILITY. Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote MANAGEMENT HAS EVALUATED THEIR INCOME TAX POSITIONS UNDER THE GUIDANCE INCLUDED IN ASC 740. BASED ON THEIR REVIEW, MANAGEMENT HAS NOT IDENTIFIED ANY MATERIAL UNCERTAIN TAX POSITIONS TO BE RECORDED OR DISCLOSED IN THE FINANCIAL STATEMENTS. Schedule D, Part XI, Line 2(d) Other revenues in audited financial statements not in form 990 Rental Expenses - 163055 Fundraising Expenses - 635868 Gaming Expenses - 16300 Schedule D, Part XI, Line 4(b) Other revenues in form 990 not in audited financial statements Student Aid - XXX-XX-XXXX Resident Hall Aux - 3662518 CHANGE IN VALUE OF INTEREST RATE SWAPS - 759018 Schedule D, Part XII, Line 2(d) Other expenses in audited financial statements not in form 990 Rental Expenses - 163055 Fundraising Expenses - 635868 Gaming Expenses - 16300 Schedule D, Part XII, Line 4(b) Other expenses in form 990 not in audited financial statements Student Aid Reclass - XXX-XX-XXXX Resident Hall Aux - 3662518 true true true true true true true false false false false false false false false true false true Schedule E, Part I, Line 3 RACIALLY NONDISCRIMINATORY POLICY SACRED HEART UNIVERSITY'S POLICY WHICH PROHIBITS DISCRIMINATION AGAINST PERSONS BECAUSE OF RACE, GENDER, SEXUAL ORIENTATION, PREGNANCY, COLOR, MARITAL STATUS, VETERAN STATUS, RELIGION, AGE, DISABILITY, HANDICAP, NATIONAL ORIGIN OR ANCESTRY IN ITS EMPLOYMENT POLICIES AND ITS EDUCATION AND ADMISSIONS PROGRAMS IS AVAILABLE ONLINE, IN ITS ACADEMIC CATALOG, AND WITHIN ITS STUDENT HANDBOOK. Schedule E, Part I, Line 6(a) FINANICAL AID OR ASSISTANCE FROM A GOVERNMENTAL AGENCY SACRED HEART UNIVERSITY RECEIVES FUNDS FROM THE US DEPARTMENT OF EDUCATION. THE PROGRAM FUNDS THAT THE UNIVERSITY ADMINISTERS ARE FEDERAL PELL GRANT, FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANT (FSEOG) AND FEDERAL WORK-STUDY (FWS), WHICH ARE TITLE IV STUDENT AID PROGRAMS. THE UNIVERSITY ALSO RECEIVES FUNDS AND PROCESSES ACCORDING TO THE CRITERIA OF STATE GOVERNMENT AGENCIES. PRIMARY FUNDING IS FROM THE STATE OF CONNECTICUT OFFICE OF HIGHER EDUCATION. OTHER STATES THAT PROVIDE ASSISTANCE TO STATE RESIDENTS ATTENDING AN OUT OF STATE INSTITUTION ARE PROCESSED AS WE RECEIVE NOTIFICATION OF ENROLLED ELIGIBLE STUDENTS. Central America and the Caribbean 0 0 Investments 34918534 Europe (Including Iceland and Greenland) 0 0 Investments 17073033 Europe (Including Iceland and Greenland) 1 19 Program Services Educational 3445988 Central America and the Caribbean 0 0 Program Services,Mission Related Trips Educational 54341 East Asia and the Pacific 0 0 Program Services Educational 54186 1 19 0 0 1 19 55546082 0 55546082 true false true true true true Schedule F, Part I, Line 3 Method used to account for expenditures on org's financial statements CENTRAL AMERICA AND THE CARIBBEAN-Accrual; EAST ASIA AND THE PACIFIC-Accrual; EUROPE (INCLUDING ICELAND AND GREENLAND)-Accrual X X X X X X X true Stelter Company 10435 New York Ave Des Moines IA 50322 Fundraising Consulting false 12715 -12715 LKA Fundraising 4800 S Macadam Ave Suite 135 East Lansing MI 97239 Fundraising Consulting false 51923 -51923 McAllister & Quinn LLC 1625 Eye St NW Suite 750 Washington DC 20006 Fundraising Consulting false 169200 -169200 Premier Sports Advisors LLC 76 Szost Drive Fairfield CT 06824 Fundraising Consulting false 57910 -57910 Main Spring Media Communication PO Box 825 Armonk NY 10504 Fundraising Consulting false 53915 -53915 Falcon Fundraising Inc 1690 Watertower Place Suite 400A East Lansing MI 48823 Fundraising Consulting false 6655 -6655 Graham Pelton 39 Beechwood Rd Summit NJ 07901 Fundraising Consulting false 150000 -150000 EAB Global Inc PO Box 603519 Charlotte NC 28260 Fundraising Consulting false 28643 -28643 0 530961 -530961 CA CT IN KS KY NJ NY NC OR HORIZONS FALL EVENT 758492 661717 96775 0 6000 0 29622 0 56460 SHU INVITATIONAL 497500 344788 152712 0 28186 0 25292 4875 84000 8 1143732 840345 303387 42247 178317 8600 172269 2399724 1846850 552874 0 76433 0 233231 13475 312729 635868 -82994 0 0 26477 15000 0 0 1300 false 0 26477 15000 0 0 1300 16300 10177 CT true false false false 1.0 0.0 Whitney Vitti 5151 Park Avenue Farifield CT 06825 false Kim Wardlow 1000 Coordination of tuition raffle for Notre Dame Preparatory school X false true Discovery Science Center & Planetarium 4450 Park Avenue Bridgeport CT 06604 060740527 501(c)(3) 100000 Management Support Order of Malta St Patricks Cathedral Parish House 14 E 51st Street New York NY 10022 237095245 501(c)(3) 8000 Charitable Contribution and support for Lourdes Pilgrimage Lifebridge Community Services 475 Clinton Ave Bridgeport CT 06605 060646974 501(c)(3) 5000 Community Support Fairfield Chamber of Commerce 200 Mill Plain Rd Fairfield CT 06824 060619132 501 (c)(6) 13961 Community Support National Association of Student Personnel Administrators (NASPA) 111 K St NE FL10 Washington DC 20002 521542164 501(c)(3) 7500 Event Sponsorship 4 0 Academic Assistance & Scholarships 5982 149111841 Auxiliary Assistance & Scholarships 1157 3662518 Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds 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 AMOUNTS ISSUED BY PERFORMING A COST OF ATTENDANCE CALCULATION. ONCE THE AMOUNT HAS BEEN DETERMINED FOR THE INDIVIDUAL, IT IS THEN DISBURSED TO THE STUDENT'S ACCOUNT AND IS CONTROLLED BY THE BURSAR'S OFFICE. X true true X X X X X false false false true false true false true false JOHN J PETILLO PHD PRESIDENT 739593 0 629594 0 25029 0 30464 0 99601 0 1524281 0 0 0 ROBIN CAUTIN PROVOST 367340 0 118041 0 2584 0 37043 0 46751 0 571759 0 0 0 PETER WARD SR VICE PRESIDENT FOR FINANCE 331851 0 149250 0 3613 0 39540 0 32495 0 556749 0 0 0 MICHAEL LAROBINA ESQ GENERAL COUNSEL 267995 0 75827 0 3924 0 33421 0 14642 0 395809 0 0 0 MIGUEL MARTINEZ-SAENZ SR VP FOR STUDENT ENGAGEMENT 290877 0 75081 0 1311 0 30306 0 46273 0 443848 0 0 0 MICHAEL IANNAZZI SR VICE PRESIDENT FOR ADMINISTRATION 275594 0 80102 0 11246 0 27600 0 13492 0 408034 0 0 0 DEANNA FIORENTINO VP FOR ENROLLMENT MANAGEMENT 223531 0 54402 0 491 0 22781 0 18324 0 319529 0 0 0 ROBERT HARDY VICE PRESIDENT OF HUMAN RESOURCES 165504 0 76273 0 35868 0 16814 0 14058 0 308517 0 0 0 KAREN DALEY DEAN 233731 0 130146 0 87847 0 19573 0 27601 0 498898 0 0 0 PAUL SUTERA SR VP FOR UNIVERSITY ADVANCEMENT 328286 0 55094 0 1762 0 30702 0 0 0 415844 0 0 0 DAVID TAYLOR DEAN 258460 0 78313 0 2322 0 26325 0 13492 0 378912 0 0 0 MICHAEL ALFANO Vice President for Strategic Initiatives 246490 0 66453 0 936 0 20655 0 46273 0 380807 0 0 0 MARC IZZO VP OF CONSTRUCTION & FACILITIES 216748 0 90200 0 1984 0 22168 0 13642 0 344742 0 0 0 Schedule J, Part I, Line 1a Housing allowance or residence for personal use THE UNIVERSITY PROVIDES ON CAMPUS HOUSING TO ITS PRESIDENT FOR THE CONVENIENCE OF THE UNIVERSITY. THE ESTIMATED RENT IS INCLUDED AS A NON-TAXABLE BENEFIT IN PART II, COLUMN D. Schedule J, Part I, Line 5a Compensation contingent on revenues of the organization BONUSES ARE PAID TO SENIOR STAFF MEMBERS BASED IN PART ON ACHIEVING BUDGETED REVENUE GOALS. Schedule J, Part I, Line 6a Compensation contingent on net earnings of the organization BONUSES ARE PAID TO SENIOR STAFF MEMBERS BASED IN PART ON ACHIEVING THE TRANSFER TO THE TRUSTEE RESERVES. SENIOR STAFF MEMBERS HAVE PERFORMANCE MEASURES FOR MANAGING THE UNIVERSITY TO MAINTAIN A BALANCED BUDGET. Schedule J, Part I, Line 7 Non-fixed payments THERE ARE QUANTITATIVE MEASURES THAT ARE APPLIED IN DETERMINING BONUSES TO SENIOR STAFF 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. A SACRED HEART UNIVERSITY - SERIES I-1 060776644 20774Y2C0 2017-11-22 157271506 SEE PART VI false false false B SACRED HEART UNIVERSITY - SERIES J-1 060776644 2017-11-22 53465000 SEE PART VI false false false C SACRED HEART UNIVERSITY - SERIES K 060776644 20775DJT0 2020-09-22 150439692 SEE PART VI false false false D SACRED HEART UNIVERSITY - SERIES L 060776644 20775DTR3 2022-04-19 112608678 SEE PART VI false false false A 26395000 0 157271506 0 0 0 1035765 0 0 50463737 105772004 0 2019 true false true true B 15865969 0 53465000 0 0 0 372301 0 0 0 53092699 0 true false true true C 11200000 0 150439692 0 0 0 992749 0 0 149446943 0 0 2021 false false true true D 3020000 0 112608678 0 0 0 856786 0 0 106677778 0 5074114 false false false true A false false true true false false 0.005 0.0 0.005 false false 0 false true B false false true true false false 0.0006 0.0 0.0006 false false 0 false true C false false true true false false 0.0036 0.0 0.0036 false false 0 false true D false false true true false false 0.0 0.0 0.0 false false 0 false true A false false false true false false 0 false false false 0 false false true B false false false true true true M&T Bank 19.6 true false false 0 false false true C false true false true false false 0 false false false 0 false false true D false true false true false false 0 false false false 0 false true true A true B true C true D true Schedule K, Part IV, Line 2c Series I-1 Calculation was performed for the period 11/11/17 - 11/22/22, and resulted in a negative rebate liability. Schedule K, Part IV, Line 2c Series J-1 calculation was performed for the period 11/17/17 to 11/22/22, and resulted in a negative rebate liability. Schedule K, Part IV, Line 2c Series K calculation is due 9/22/25 Schedule K, Part IV, Line 2c Series L Calculation will note be due until 4/19/27. Schedule K, Part I, Column (f) Sacred Heart University - Series I-1 Refunding and defeasance of Series H, Settle LOC, Construction Schedule K, Part I, Column (f) Sacred Heart University - Series J-1 Refunding and Defeasance of Series F and a Portion of Series G. Schedule K, Part I, Column (f) Sacred Heart University - Series K Construction projects including residential housing. Schedule K, Part I, Column (f) Sacred Heart University - Series L Construction projects including residential housing and academic facilities renovation/expansion. Schedule K, Part IV, Line 2c COLUMN A Issuer name: SACRED HEART UNIVERSITY - SERIES I-1 The calculation for computing no rebate due was performed on 11/22/2022 Schedule K, Part IV, Line 2c COLUMN B Issuer name: SACRED HEART UNIVERSITY - SERIES J-1 The calculation for computing no rebate due was performed on 11/22/2022 17 105377 Market value 0 false true false Schedule M, Part I Explanations of reporting method for number of contributions Securities - Publicly traded - NUMBER OF CONTRIBUTIONS REPRESENTS THE NUMBER OF ITEMS CONTRIBUTED. Form 990, Part III, Line 4a-4c Description of program services (Expenses $ 77,468,538 including grants of $)(Revenue $ 87,671,022) AUXILIARY ENTERPRISES AND OTHER MISCELLANEOUS SERVICES USED TO SUPPORT THE PURPOSE AND MISSION OF SACRED HEART UNIVERSITY. Form 990, Part VI, Line 11b Review of form 990 by governing body 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, ASSOCIATE VP FOR FINANCE AND SR VP FOR FINANCE. 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. Form 990, Part VI, Line 12c Conflict of interest policy 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, Line 15a Process to establish compensation of top management official 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, Line 15b Process to establish compensation of other employees COMPENSATION FOR THE UNIVERSITY'S OTHER OFFICERS AND KEY EMPLOYEES IS ORIGINALLY DETERMINED BASED ON EXTERNAL MARKET AND INDUSTRY SURVEY AS WELL AS THE REVIEW OF OUR INTERNAL EMPLOYEE DATA. ANY ADDITIONAL RESPONSIBILITIES ARE ALSO CONSIDERED. THE DATA IS REVIEWED BY A COMMITTEE AUTHORIZED BY THE BOARD OF TRUSTEES. DECISIONS AND AUTHORIZATIONS ARE DOCUMENTED AND PLACED ON FILE WITH THE VICE PRESIDENT OF HUMAN RESOURCES. FINAL ANNUAL SALARY RECOMMENDATIONS FROM THE PRESIDENT ARE SUBMITTED FOR REVIEW AND APPROVED BY THE HUMAN RESOURCES COMPENSATION COMMITTEE. Form 990, Part VI, Line 19 Required documents available to the public GUIDESTAR.ORG POSTS THE UNIVERSITY'S 990 FILING 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 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 XI, Line 9 Other changes in net assets or fund balances CHANGE IN THE VALUE OF INTEREST RATE SWAPS - -759018; Total - -759018; CORAM LANE LLC 5151 PARK AVE FAIRFIELD CT 06825 475563897 OPERATION OF GREAT RIVER GOLF CLUB CT 20336 5471096 SACRED HEART UNIVERSITY SACRED HEART CAMPUS IN DINGLE CURRICULUM EXPANSION 3342293 13949967 SACRED HEART UNIVERSITY