2025-04-01T10:04:11-05:00 2024-06-30 410746749 CLIFTONLARSONALLEN LLP TWO INTERNATIONAL PLACE 22ND FLOOR BOSTON MA 02110 990 2023-07-01 221508627 SAINT PETER'S UNIVERSITY SAIN 2017617428 2641 KENNEDY BOULEVARD JERSEY CITY NJ 073065943 PAUL CIRAULO VP FINANCE & BUSINESS 2017617428 2025-03-27 1 0 LAURA J KENNEY P00202198 6177170831 2025-03-27 2023 2025-03-06 01:10:19Z HUBERT BENITEZ DDS PHD 2641 KENNEDY BOULEVARD JERSEY CITY NJ 073065943 166324137 0 0928 X WWW.SAINTPETERS.EDU X 1872 NJ TO EDUCATE A DIVERSE COMMUNITY OF LEARNERS TO EXCEL, LEAD, SERVE AND PROMOTE JUSTICE. 32 31 1327 63 103112 0 15597967 14961983 96227278 103266280 1840150 13828399 2981317 -26810 116646712 132029852 37833445 40399678 0 0 39503450 42097690 175972 245410 1516118 44416980 49166833 121929847 131909611 -5283135 120241 177499871 187436217 89791852 95523416 87708019 91912801 X SEE SCHEDULE O.SAINT PETER'S UNIVERSITY, 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 74913824 39485266 95170128 INSTRUCTION AND ACADEMIC SUPPORT - THE UNIVERSITY PROVIDES ACCREDITED COURSES AND OTHER RELATED SERVICES TO APPROXIMATELY 3,600 STUDENTS, INCLUDING BOTH DAY AND EVENING SESSIONS, FOR FULL-TIME OR PART-TIME UNDERGRADUATE (60 PROGRAMS) AND SEVERAL GRADUATE STUDY PROGRAMS. FINANCIAL AID IS AWARDED TO STUDENTS FROM INSTITUTIONAL SOURCES BASED ON ACADEMIC ACHIEVEMENT, ATHLETIC ABILITY AND NEED. 29814289 914412 8096152 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.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. 104728113 1 1 0 0 0 0 0 1 1 1 1 0 0 0 1 1 0 1 1 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 1 1 1 0 0 1 274 0 1 1327 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 32 31 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 0 0 FL KY MA MI NH NJ NY SC X PAUL CIRAULO 2017617428 2641 KENNEDY BLVD JERSEY CITY NJ 07306 EUGENE CORNACCHIA PHD PRESIDENT, TRUSTEE 55.00 1.00 X X 515885 0 107949 KENNETH MOORE CHAIR, TRUSTEE 1.00 0.00 X X 0 0 0 KEVIN J DOWNES VICE CHAIR, TRUSTEE 1.00 0.00 X X 0 0 0 NADINE AUGUSTA TRUSTEE 1.00 0.00 X 0 0 0 NOREEN D HEATH-BEAMAN CPA TRUSTEE 1.00 0.00 X 0 0 0 JAMES M CONTI TRUSTEE 1.00 0.00 X 0 0 0 REV JOSEPH COSTANTINO SJ TRUSTEE 1.00 0.00 X 0 0 0 JULIA M DIGIOIA MD FACS TRUSTEE 1.00 0.00 X 0 0 0 EUGENE O FLINN TRUSTEE 1.00 0.00 X 0 0 0 MARILDA GANDARA ESQ TRUSTEE 1.00 0.00 X 0 0 0 MICHAEL A GOMEZ EDD TRUSTEE 1.00 0.00 X 0 0 0 JOSEPH R GROMEK TRUSTEE 1.00 0.00 X 0 0 0 REV STEPHEN KATSOUROS SJ TRUSTEE 1.00 0.00 X 0 0 0 ROBERT LAHITA MD PHD TRUSTEE 1.00 0.00 X 0 0 0 CHARLES M LIZZA ESQ TRUSTEE 1.00 0.00 X 0 0 0 THOMAS LUDDY TRUSTEE 1.00 0.00 X 0 0 0 THOMAS P MACMAHON TRUSTEE 1.00 0.00 X 0 0 0 GEORGE E MARTIN PHD TRUSTEE 1.00 0.00 X 0 0 0 FRANCIS MCGRAIL TRUSTEE 1.00 0.00 X 0 0 0 NIURKA E MEDEROS TRUSTEE 1.00 0.00 X 0 0 0 REV JAMES MIRACKY SJ TRUSTEE 1.00 0.00 X 0 0 0 SUSAN MITCHELL-ABBATE TRUSTEE 1.00 0.00 X 0 0 0 MAUREEN LEMKE PERGOLA TRUSTEE 1.00 0.00 X 0 0 0 WILLIAM T PRICE III TRUSTEE 1.00 0.00 X 0 0 0 J PAUL SCHAETZLE TRUSTEE 1.00 0.00 X 0 0 0 CHRISTINA SHEA TRUSTEE 1.00 0.00 X 0 0 0 MARIA SOLORZANO TRUSTEE 1.00 0.00 X 0 0 0 JOAN BALMER TULLY TRUSTEE 1.00 0.00 X 0 0 0 TONI ANN TURCO TRUSTEE 1.00 0.00 X 0 0 0 ELNARDO J WEBSTER II TRUSTEE 1.00 0.00 X 0 0 0 JOHN B WILSON ESQ TRUSTEE 1.00 0.00 X 0 0 0 LA TORO YATES PHD TRUSTEE 1.00 0.00 X 0 0 0 FREDERICK P BONATO PROVOST/ACADEMIC VP 55.00 0.00 X 258123 0 29430 LEAH M LETO ED VP ADVANCEMENT 55.00 0.00 X 194969 0 33690 PAUL CIRAULO VP FINANCE & BUSINESS 55.00 1.00 X 207060 0 6277 VIRGINIA BENDER PHD SEC/SPEC ASST TO PRESIDENT 55.00 0.00 X 191008 0 19099 ERIN MCCANN VP STUDENT LIFE & DEVELOPMENT 55.00 0.00 X 160472 0 15433 FR ANDREW DOWNING VP OF MISSION & MINISTRY 55.00 0.00 X 95050 0 0 JEFFREY GANT VP OF ENROLLMENT & MARKETING 55.00 0.00 X 196707 0 1128 BASHIR MASON MEN'S BASKETBALL COACH 55.00 0.00 X 488238 0 37314 MARYELLEN HAMILTON PROFESSOR OF PSYCHOLOGY 55.00 0.00 X 174453 0 16516 LEONARD J SCIORRA SCHUH PROFESSOR 55.00 0.00 X 159195 0 7266 JAIME CHAUCA EXECUTIVE DIRECTOR OF TECH SERVICES 55.00 0.00 X 160472 0 8154 NICOLE DECAPUA ASSOCIATE VP OF ACADEMICS 55.00 0.00 X 161517 0 17987 2963149 0 300243 77 0 1 0 ARAMARK PO BOX 7548 PHILADELPHIA PA 19101 FOOD SERVICES 3337326 COLLINS BUILDING SERVICES 24-01 44TH RD 15TH FLOOR LONG ISLAND CITY NY 11101 FACILITY SERVICES 2872730 MAMMOTH INCORPORATED 320 W COLLEGE AVE PLEASANT GAP PA 16823 CONSTRUCTION SERVICES 2746094 ALLIED UNIVERSAL PO BOX 828854 PHILADELPHIA PA 191828854 SECURITY SERVICES 2168960 CLARK DESIGN 724 PITNEY DR SPRING LAKE HEIGHTS NJ 07762 CONSTRUCTION SERVICES 1607741 50 419440 8857518 5685025 148776 14961983 TUITION AND FEES 900099 95170128 95170128 AUXILIARY ENTERPRISES 900099 4565063 4565063 OTHER PROGRAM-RELATED REVENUE 900099 3531089 3531089 103266280 1277670 1277670 121359 18247 103112 103112 103112 32510158 14130945 29811905 4278469 2698253 9852476 12550729 12550729 55742 419440 185664 -129922 -129922 132029852 103266280 103112 13698477 40399678 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187436217 X 120241 1380191 2704350 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 X X X 0 0 1 X 39220636 1380577 4575477 1242765 327754 43606171 35849523 1780317 3265700 1302836 372068 39220636 40941198 1416062 -4998328 1175263 334145 35849524 34738402 1131835 7858322 1197743 1589618 40941198 35659030 431794 676016 1084153 944285 34738402 0.05444 0.75966 0.18590 0 0 7958279 7958279 176807047 79740225 97066822 1321848 1153019 168829 26009744 22872720 3137024 4216225 1514304 2701921 111032875 LEASE LIABILITIES 1140442 CONDITIONAL ASSET RETIREMENT OBLIGATIONS 658375 CHARITABLE GIFT ANNUITY OBLIGATIONS 1115068 ACCRUED RETIREMENT PLANS 5323217 8237102 X PART III, LINE 1A: SAINT PETER'S UNIVERSITY COLLECTIONS INCLUDE ART WORKS, PAINTINGS, SCULPTURES, POSTERS, DOCUMENTS, AND OTHER ARTIFACTS AND ARE ALL EMPLOYED IN THE EDUCATION OF STUDENTS ON THE WORLD'S RICH HISTORICAL AND CULTURAL TRADITIONS. WORKS OF ART IN THE UNIVERSITY'S COLLECTION ARE NOT RECOGNIZED AS ASSETS IN THE CONSOLIDATED STATEMENTS OF FINANCIAL POSITION. PURCHASES OF COLLECTION ITEMS ARE RECORDED IN OPERATING EXPENSES AS DECREASES IN NET ASSETS WITHOUT DONOR RESTRICTIONS IN THE YEAR IN WHICH THE ITEMS ARE ACQUIRED OR AS DECREASES IN NET ASSETS WITH DONOR RESTRICTIONS IF A DONOR MAKES A CONTRIBUTION INTENDED TO FUND THE SUBSEQUENT PURCHASE OF COLLECTION ITEMS. THERE WERE NO MATERIAL COLLECTION PURCHASES OR SALES FOR THE YEARS ENDED JUNE 30, 2024 AND 2023. PART IV, LINE 2B: THIS AMOUNT REPRESENTS TENANT RENT SECURITY DEPOSITS HELD IN ESCROW. PART V, LINE 4: SAINT PETER'S UNIVERSITY ENDOWMENT CONSISTS OF APPROXIMATELY 200 INDIVIDUAL FUNDS ESTABLISHED MAINLY FOR SCHOLARSHIPS. ITS ENDOWMENT INCLUDES BOTH DONOR-RESTRICTED FUNDS AND FUNDS DESIGNATED BY THE BOARD OF TRUSTEES TO FUNCTION AS ENDOWMENTS. AS REQUIRED BY ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA, NET ASSETS ASSOCIATED WITH ENDOWMENT FUNDS, INCLUDING FUNDS DESIGNATED BY THE BOARD OF TRUSTEES TO FUNCTION AS ENDOWMENTS, ARE CLASSIFIED AND REPORTED BASED ON THE EXISTENCE OR ABSENCE OF DONOR-IMPOSED RESTRICTIONS. THE UNIVERSITY'S ENDOWMENT FUNDS ARE USED TO FURTHER ITS EXEMPT PURPOSES BY PROVIDING SCHOLARSHIPS, CONSTRUCTING FACILITIES AND FUNDING THE GENERAL ACTIVITIES AND OPERATIONS OF THE UNIVERSITY. PART X, LINE 2: SAINT PETER'S IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC) AND A SIMILAR PROVISION UNDER STATE LAWS THROUGH A GROUP EXEMPTION THROUGH THE ARCHDIOCESE OF NEWARK. REVENUE FROM UNRELATED ACTIVITIES IS SUBJECT TO UNRELATED BUSINESS INCOME TAX. SAINT PETER'S HAD NO TAXES DUE FOR THE YEARS ENDED JUNE 30, 2024 AND 2023. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN REFLECTED IN THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRES MANAGEMENT TO EVALUATE THE TAX POSITIONS TAKEN BY THE UNIVERSITY AND RECOGNIZE A TAX LIABILITY IF THE UNIVERSITY HAS TAKEN AN UNCERTAIN TAX POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE RELEVANT TAXING AUTHORITY. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE UNIVERSITY, AND HAS CONCLUDED THAT AS OF JUNE 30, 2024 AND 2023, THERE ARE NO UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR ASSET OR DISCLOSURE IN THE CONSOLIDATED FINANCIAL STATEMENTS. THE UNIVERSITY IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. 1 1 0 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 SAINT PETER'S UNIVERSITY ("UNIVERSITY") RACIALLY NONDISCRIMINATORY POLICY IS DESCRIBED IN ALL LITERATURE PUBLISHED FOR GENERAL DISTRIBUTION, WITHIN THE STUDENT HANDBOOK, AND ON THE UNIVERSITY'S WEBSITE AT HTTPS://WWW.SAINTPETERS.EDU/ENROLLMENT-SERVICES/RECORDS-AND-RE GISTRATION/CONSUMERINFORMATION/COMPLAINT-PROCESS. THE POLICY WAS ADDED TO THE UNIVERSITY'S WEBSITE HOMEPAGE DURING FY24. SCHEDULE E, PART I, LINE 6 SAINT PETER'S UNIVERSITY ("UNIVERSITY") PARTICIPATES IN VARIOUS FEDERAL AND STATE FINANCIAL AID PROGRAMS FOR THE BENEFIT OF STUDENTS WHO ATTEND THE UNIVERSITY. THESE PROGRAMS HAVE STRICT REQUIREMENTS FOR PARTICIPATION AND THE UNIVERSITY IS SUBJECT TO GOVERNMENT PROGRAM REVIEWS COVERING COMPLIANCE WITH LAWS AND REGULATIONS. SPECIFIC AREAS OF REVIEW INCLUDE STUDENT PROGRAM ELIGIBILITY, COORDINATION OF FINANCIAL AID PROGRAMS, AND OTHER MATTERS. X X X X X X X 1 EAB GLOBAL INC 2445 M ST NW WASHINGTON DC 20037 CROWDFUNDING, DIRECT MAIL 0 275246 125419 149827 SHIFT FUNDRAISING PO BOX 7291 WILMINGTON DE 01983 TELEMARKETING 0 22375 44991 -22616 COMMUNITY COUNSELLING SERVICE CO 527 MADISON AVE 5TH FL NEW YORK NY 10022 STRATEGIC ADVICE 0 0 75000 0 297621 245410 127211 AL AK AR CA CO CT DE DC FL GA HI IL KS KY LA ME MD MA MI MN MS MO MT NV NH NJ NM NY NC ND OH OK OR PA RI SC TN UT VA WA WV WI HEARTS & MINDS DINNER 410282 368460 41822 69242 6549 74412 GOLF OUTING 64900 50980 13920 23970 1440 10051 475182 419440 55742 23970 70682 6549 84463 185664 -129922 1 SCHOLARSHIPS 1869 39485266 RESIDENT ASSISTANTS AND HOUSING DISCOUNTS 270 914412 PART I, LINE 2: SAINT PETER'S UNIVERSITY PROVIDES SCHOLARSHIPS AND OTHER ASSISTANCE TO STUDENTS MATRICULATING AT THE UNIVERSITY FOR VARIOUS REASONS INCLUDING, BUT NOT LIMITED TO, ACADEMIC PERFORMANCE, STUDENT INSTITUTIONAL AID, AND ATHLETICS. THEREFORE, ALL FUNDS GRANTED ARE USED TO DEFRAY THE COST OF TUITION AND HOUSING AND NO FURTHER MONITORING OF THE GRANTS IS REQUIRED. SCHOLARSHIPS AND OTHER ASSISTANCE ARE AWARDED IN AN OBJECTIVE AND NONDISCRIMINATORY MANNER. X X 1 1 X X X X 0 0 0 0 0 0 0 1 0 EUGENE CORNACCHIA PHD PRESIDENT, TRUSTEE 465885 0 50000 0 0 0 45794 0 62155 0 623834 0 0 0 BASHIR MASON MEN'S BASKETBALL COACH 388238 0 100000 0 0 0 19412 0 17902 0 525552 0 0 0 FREDERICK P BONATO PROVOST/ACADEMIC VP 258123 0 0 0 0 0 12906 0 16524 0 287553 0 0 0 LEAH M LETO ED VP ADVANCEMENT 192469 0 0 0 2500 0 8661 0 25029 0 228659 0 0 0 PAUL CIRAULO VP FINANCE & BUSINESS 207060 0 0 0 0 0 6212 0 65 0 213337 0 0 0 VIRGINIA BENDER PHD SEC/SPEC ASST TO PRESIDENT 191008 0 0 0 0 0 11961 0 7138 0 210107 0 0 0 JEFFREY GANT VP OF ENROLLMENT & MARKETING 196707 0 0 0 0 0 998 0 130 0 197835 0 0 0 MARYELLEN HAMILTON PROFESSOR OF PSYCHOLOGY 117945 0 0 0 56508 0 5897 0 10619 0 190969 0 0 0 NICOLE DECAPUA ASSOCIATE VP OF ACADEMICS 155295 0 0 0 6222 0 7765 0 10222 0 179504 0 0 0 ERIN MCCANN VP STUDENT LIFE & DEVELOPMENT 160472 0 0 0 0 0 4814 0 10619 0 175905 0 0 0 JAIME CHAUCA EXECUTIVE DIRECTOR OF TECH SERVICES 160472 0 0 0 0 0 8024 0 130 0 168626 0 0 0 LEONARD J SCIORRA SCHUH PROFESSOR 144020 0 0 0 15175 0 7201 0 65 0 166461 0 0 0 SCHEDULE J, PART I, LINE 1A: THE PRESIDENT, EUGENE J. CORNACCHIA, PH.D., RESIDES IN A UNIVERSITY-OWNED PROPERTY AS A CONDITION OF EMPLOYMENT AND FOR THE CONVENIENCE OF THE UNIVERSITY. THE ANNUAL FAIR MARKET RENTAL VALUE OF THE UNIVERSITY-OWNED PROPERTY AMOUNTED TO APPROXIMATELY $48,741 IN 2023 AND WAS NOT REPORTED AS TAXABLE COMPENSATION ON THE PRESIDENT'S 2023 FORM W-2. IT IS INCLUDED IN THE AMOUNT REPORTED IN SCHEDULE J, PART II, COLUMN (D). THE UNIVERSITY PROVIDES CLEANING SERVICES TO THE PRESIDENT'S UNIVERSITY-OWNED RESIDENCE. THE VALUE OF THESE SERVICES WAS APPROXIMATELY $2,795 IN 2023 AND WAS NOT REPORTED AS TAXABLE COMPENSATION ON THE PRESIDENT'S 2023 FORM W-2. IT IS INCLUDED IN THE AMOUNT REPORTED IN SCHEDULE J, PART II, COLUMN (D). SCHEDULE J, PART I, LINE 7: PER THE TERMS OF AN EMPLOYMENT AGREEMENT. THE PRESIDENT, EUGENE J. CORNACCHIA, PH.D., IS ELIGIBLE TO RECEIVE AN ANNUAL PERFORMANCE AWARD OF UP TO 15% OF BASE SALARY BASED UPON AN EVALUATION OF PERFORMANCE AGAINST PRE-DETERMINED OBJECTIVES. THE PRESIDENT AND THE EXECUTIVE COMMITTEE AGREE ON SUCH GOALS AND OBJECTIVES AND THE PRECISE AMOUNT OF SUCH AN AWARD, IF ANY, IS DETERMINED BY THE EXECUTIVE COMMITTEE. THE PRESIDENT WAS PAID A BONUS OF $50,000 IN CALENDAR YEAR 2023. THIS AMOUNT WAS INCLUDED IN THE PRESIDENT'S 2023 FORM W-2 AS REPORTED IN SCHEDULE J PART II COLUMN (B)(II). A NJ EDUCATIONAL FACILITIES AUTHORITY 221829511 2016-12-20 1008102 RENOVATION OF POPE HALL 0 0 0 B NJ EDUCATIONAL FACILITIES AUTHORITY 221829511 2022-11-29 22000000 REFINANCE/EXTINGUISH DEBT 0 0 0 A 636670 1008102 8102 1000000 2017 0 0 1 1 B 22000000 2200000 252500 19547500 2022 1 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 B 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 1 0 0 1 0 0 0 1 B 0 1 0 0 0 0 0 0 1 A 1 B 1 SUBSTANTIAL CONTRIBUTOR SUBSTANTIAL CONTRIBUTOR 1122424 INDEPENDENT CONTRACTOR 0 SUBSTANTIAL CONTRIBUTOR SUBSTANTIAL CONTRIBUTOR 5577791 INDEPENDENT CONTRACTOR 0 X 9 148776 FAIR MARKET VALUE 0 0 1 0 PART I, COLUMN (B): THE NUMBER IN THIS COLUMN REPRESENTS THE NUMBER OF CONTRIBUTIONS. FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE IS COMPRISED OF NOT LESS THAN FIVE MEMBERS AND INCLUDES THE CHAIR AND VICE CHAIR OF THE BOARD, THE CHAIR OF EACH STANDING COMMITTEE OF THE BOARD AND THE PRESIDENT OF THE UNIVERSITY AND SUCH OTHER TRUSTEES AS THE BOARD OF TRUSTEES MAY FROM TIME TO TIME DESIGNATE IN ITS DISCRETION. TO THE EXTENT PERMITTED BY GENERAL LAW, AND SUBJECT TO SUCH CONTRARY INSTRUCTIONS, RULES OR REGULATIONS AS MAY FROM TIME TO TIME BE ISSUED BY THE BOARD OF TRUSTEES, THE EXECUTIVE COMMITTEE SHALL HAVE FULL POWER TO ACT FOR THE BOARD OF TRUSTEES BETWEEN MEETINGS OF THE BOARD, EXCEPT THAT THE EXECUTIVE COMMITTEE SHALL NOT HAVE THE POWER TO GRANT DEGREES OR TO ELECT OR REMOVE FROM OFFICE. FORM 990, PART VI, SECTION B, LINE 11B SAINT PETER'S UNIVERSITY'S ("UNIVERSITY") FEDERAL FORM 990 WAS PROVIDED TO EACH VOTING MEMBER OF ITS GOVERNING BODY - ITS BOARD OF TRUSTEES - PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE ("IRS"). HOWEVER, THE VERSION PROVIDED WAS NOT A COMPLETE COPY BECAUSE NAMES AND ADDRESSES OF CONTRIBUTORS ON SCHEDULE B WERE REDACTED TO PROTECT THE PRIVACY OF THE UNIVERSITY'S DONORS, WHICH INCLUDES BOARD MEMBERS. IN ADDITION, THE UNIVERSITY'S AUDIT COMMITTEE PERFORMED A DETAILED REVIEW OF THE FEDERAL FORM 990. THE UNIVERSITY'S BOARD OF TRUSTEES HAS DELEGATED TO THE AUDIT COMMITTEE THE RESPONSIBILITY TO OVERSEE AND COORDINATE THE FEDERAL FORM 990 PREPARATION, REVIEW, AND FILING PROCESS FOR THE UNIVERSITY AND ITS AFFILIATES. AS PART OF THE TAX RETURN PREPARATION PROCESS, THE UNIVERSITY HIRED A PROFESSIONAL CPA FIRM WITH EXPERIENCE AND KNOWLEDGE IN BOTH EDUCATION AND NOT-FOR-PROFIT TAX RETURN PREPARATION TO PREPARE THE FEDERAL FORM 990. THE CPA FIRM'S TAX PROFESSIONALS WORKED CLOSELY WITH THE UNIVERSITY'S FINANCE PERSONNEL TO OBTAIN THE INFORMATION NEEDED TO PREPARE A COMPLETE AND ACCURATE TAX RETURN. THE CPA FIRM PREPARED A DRAFT FEDERAL FORM 990 AND FURNISHED IT TO THE UNIVERSITY'S FINANCE PERSONNEL FOR REVIEW AND ANY NECESSARY REVISIONS WERE MADE TO THE DRAFT. FOLLOWING THE FINALIZATION OF THE REVIEW AND APPROVAL OF THE FORM 990 BY THE FINANCE PERSONNEL THE UNIVERSITY'S AUDIT COMMITTEE PERFORMED A DETAILED REVIEW. IN CONJUNCTION WITH THE AUDIT COMMITTEE MEETING WHEREIN THE FORM 990 WAS PRESENTED AND DISCUSSED, THE FORM 990 WAS PROVIDED TO EACH VOTING MEMBER OF ITS GOVERNING BODY AND APPROVED FOR FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C SAINT PETER'S UNIVERSITY (THE "UNIVERSITY") REGULARLY MONITORS AND ENFORCES COMPLIANCE WITH ITS CONFLICT-OF-INTEREST POLICY. ANNUALLY, ALL MEMBERS OF THE BOARD OF TRUSTEES, DIRECTORS, OFFICERS, AND MEMBERS OF SENIOR MANAGEMENT ARE REQUIRED TO REVIEW THE EXISTING CONFLICT-OF-INTEREST POLICY AND COMPLETE A QUESTIONNAIRE. THE COMPLETED QUESTIONNAIRES ARE RETURNED TO THE UNIVERSITY'S SECRETARY OF THE BOARD FOR REVIEW. THEREAFTER, THE UNIVERSITY'S SECRETARY OF THE BOARD PREPARES A SUMMARY OF THE COMPLETED QUESTIONNAIRES WHICH CONTAINS INFORMATION DISCLOSED ON AN INDIVIDUAL-BY-INDIVIDUAL BASIS. IF APPLICABLE, THE SECRETARY TO THE BOARD PRESENTS THIS SUMMARY TO THE UNIVERSITY'S EXECUTIVE COMMITTEE FOR ITS REVIEW, DISCUSSION, INVESTIGATION, AND IMPLEMENTATION OF ANY NECESSARY MITIGATING BEHAVIOR. FORM 990, PART VI, SECTION B, LINE 15A SAINT PETER'S UNIVERSITY (THE "UNIVERSITY") BOARD OF TRUSTEES HAS AN EXECUTIVE COMPENSATION COMMITTEE ("COMMITTEE"). THE COMMITTEE REVIEWS THE "TOTAL COMPENSATION" OF THE UNIVERSITY'S PRESIDENT, WHICH IS INTENDED TO INCLUDE BOTH CURRENT AND DEFERRED COMPENSATION AND ALL EMPLOYEE BENEFITS, BOTH QUALIFIED AND NON-QUALIFIED. THE COMMITTEE'S REVIEW IS DONE ON A CONTRACT RENEWAL BASIS WITH PERFORMANCE BONUSES REVIEWED AND APPROVED ANNUALLY. THE COMMITTEE ENSURES THAT THE "TOTAL COMPENSATION" OF THE PRESIDENT OF THE UNIVERSITY IS REASONABLE. THE COMMITTEE OBTAINS AND RELIES UPON "APPROPRIATE DATA AS TO COMPARABILITY" PRIOR TO MAKING ITS DETERMINATION. THE COMMITTEE IS COMPRISED OF MEMBERS OF THE BOARD OF TRUSTEES, EACH OF WHOM IS INDEPENDENT AND FREE FROM ANY CONFLICTS OF INTEREST. THIS COMMITTEE REPORTS DIRECTLY TO THE UNIVERSITY'S BOARD OF TRUSTEES WHEREIN ALL DISCUSSIONS AT THE COMMITTEE LEVEL ARE DOCUMENTED IN WRITTEN MEETING MINUTES OF THE FULL BOARD OF TRUSTEES. FORM 990, PART VI, SECTION B, LINE 15B: THE COMPENSATION AND BENEFITS OF OTHER EXECUTIVES REPORTED IN CORE FORM, PART VII AND SCHEDULE J OF THIS FORM 990 ARE REVIEWED ANNUALLY BY THE PRESIDENT WITH ASSISTANCE FROM THE UNIVERSITY'S HUMAN RESOURCES DEPARTMENT IN CONJUNCTION WITH THE INDIVIDUAL'S JOB PERFORMANCE DURING THE YEAR AND IS BASED UPON OTHER OBJECTIVE FACTORS DESIGNED TO ENSURE THAT REASONABLE AND FAIR MARKET VALUE COMPENSATION IS PAID BY THE UNIVERSITY. OTHER OBJECTIVE FACTORS INCLUDE MARKET SURVEY DATA FOR COMPARABLE POSITIONS AND INDIVIDUAL GOALS. FORM 990, PART VI, SECTION C, LINE 19 SAINT PETER'S UNIVERSITY ("UNIVERSITY'S") CERTIFICATE OF INCORPORATION AND ANY AMENDMENTS CAN BE OBTAINED AND REVIEWED THROUGH THE STATE OF NEW JERSEY DEPARTMENT OF THE TREASURY. THE UNIVERSITY'S FINANCIAL STATEMENTS, GOVERNING DOCUMENTS, AND CONFLICT OF INTEREST POLICY ARE AVAILABLE TO THE PUBLIC UPON REQUEST AND AT MANAGEMENT'S DISCRETION. FORM 990, PART XI, LINE 9: OTHER COMPONENTS OF NET PERIODIC PENSION COST -673,921. PENSION-RELATED CHANGES OTHER THAN NET PERIODIC PENSION BENEFIT 276,796. CHANGE IN FAIR VALUE OF SPLIT-INTEREST AGREEMENTS -109,533. TRANSFER OF NET ASSETS FROM IGNATIUS HALL DEVELOPMENT, INC. 3,211,008. IGNATIUS HALL DEVELOPMENT INC (DISSOLVED 6302024) 2641 KENNEDY BOULEVARD JERSEY CITY NJ 073065943 825524327 TO SUPPORT SAINT PETER'S UNIVERSITY NJ 501(C)(3) LINE 12A, I SAINT PETER'S UNIVERSITY 1 SPJC MANAGEMENT 2641 KENNEDY BOULEVARD JERSEY CITY NJ 073065943 201447046 INACTIVE NJ SAINT PETER'S UNIVERSITY C 154676 1.00000 1 ST PETER'S UNIVERSITY EVENTS COMPANY 2641 KENNEDY BOULEVARD JERSEY CITY NJ 073065943 472969571 TO SUPPORT SAINT PETER'S UNIVERSITY NJ SAINT PETER'S UNIVERSITY C 1799 241669 1.00000 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 IGNATIUS HALL DEVELOPMENT INC S 3211008 BOOK VALUE OF NET ASSETS