2024-04-29T08:35:15-05:00 2023-06-30 366055558 GRANT THORNTON LLP 757 THIRD AVENUE 3RD FLOOR NEW YORK NY 100172013 990 2022-07-01 111733439 ST JOSEPH'S UNIVERSITY NEW YORK STJO 7189405300 245 CLINTON AVENUE BROOKLYN NY 11205 JOHN C ROTH CFO 7189405616 2024-04-29 1 JOHN ROTH XXX-XX-XXXX 0 SCOTT THOMPSETT P00741490 2125990100 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z DONALD BOOMGAARDEN 245 CLINTON AVENUE BROOKLYN NY 11205 174956942 0 X WWW.SJNY.EDU X 1916 NY THE UNIVERSITY PROVIDES AN AFFORDABLE LIBERAL ARTS EDUCATION TO A DIVERSE GROUP OF STUDENTS. 19 19 1620 150 0 0 20410852 7017425 122013441 121856991 1915630 2414341 753571 676970 145093494 131965727 52055931 47169374 0 0 61391462 62414265 0 0 976708 28650261 31124673 142097654 140708312 2995840 -8742585 166325358 161819608 54945386 53741057 111379972 108078551 X SEE SCHEDULE O 0 0 112387019 47169374 119925843 SEE SCHEDULE O 1036877 0 1933848 SEE SCHEDULE O 25160 0 15684 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. 113449056 1 1 0 0 0 0 0 0 0 1 1 0 0 1 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 1 217 0 1 1620 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 19 19 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X JOHN C ROTH 7189405616 245 CLINTON AVENUE BROOKLYN NY 11205 DONALD BOOMGAARDEN PRESIDENT (NON VOTING TRUSTEE) 35.00 0.00 X X 593189 0 76735 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 W CHRISTIAN DREWES ESQ 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 (AS OF 03/2023) 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 JOHN C ROTH CHIEF FINANCIAL OFFICER 35.00 0.00 X 305398 0 35348 EILEEN JAHN EXECUTIVE DEAN - LI 35.00 0.00 X 195994 0 28434 RORY-SHAFFER WALSH VP INSTITUTIONAL ADVANCEMENT 35.00 0.00 X 218952 0 14104 CHRISTINE MURPHY VP ENROLLMENT 35.00 0.00 X 233313 0 15019 PHILLIP DEHNE EXECUTIVE DEAN - BK 35.00 0.00 X 177074 0 54355 HEATHER BARRY FACULTY/INTERIM PROVOST 35.00 0.00 X 215857 0 50933 MICHELLE PAPAJOHN CHIEF INFORMATION OFFICER 35.00 0.00 X 190154 0 28175 JESSICA DECATUR VP FOR MARKETING & COMMUNICATION 35.00 0.00 X 150866 0 48520 SHANTEY HILL VP FOR STUDENT LIFE 35.00 0.00 X 204750 0 13129 KATHERINE GRANELLI FACULTY 35.00 0.00 X 183961 0 22374 SHAWN ROBERTSON FACULTY 35.00 0.00 X 169907 0 7291 GAIL LAMBERTA FACULTY 35.00 0.00 X 160615 0 23125 SUSAN STRAUT-COLLARD FACULTY 35.00 0.00 X 167397 0 34178 MARION KOWALSKI CONTROLLER 35.00 0.00 X 162155 0 10371 RAYMOND D'ANGELO FORMER DEAN/CURRENT FACULTY 35.00 0.00 X 136116 0 37015 ROBERT RILEY FORMER PROVOST/CURRENT FACULTY 35.00 0.00 X 215126 0 29459 TOM TRAVIS FORMER PROVOST/ASST. TO PRES. 35.00 0.00 X 100484 0 22215 MICHAEL HANOPHY FORMER DEAN/CURRENT FACULTY 35.00 0.00 X 142595 0 33505 WENDY TURGEON FORMER DEAN/CURRENT FACULTY 35.00 0.00 X 150931 0 7167 4074834 0 591452 77 1 1 0 ALLIED UNIVERSAL SECURITY SERVICES PO BOX 828854 PHILIDELPHIA PA 191828854 SECURITY SERVICES 720932 NELSON & POPE & VOORHIS LLC 70 MAXESS ROAD MELVILLE NY 11747 ENVIRONMENTAL PLANNING 252913 CAMERON ENGINEERING & ASSOC LLP 177 CROSSWAYS PARK DR WOODBURY NY 11797 ENGINEERING 242488 BENTEL & BENTEL ARCHITECTSPLANNERS 22 BUCKRAM ROAD LOCUST VALLEY NY 11560 ARCHITECTURAL 220320 NASSAU LIVE CENTER LLC 115 FRONT ST STE 300 JUPITER FL 33477 GRADUATION EVENT EXPENSES 205000 7 5000 181335 5314402 1516688 4998 7017425 TUITION AND FEES 900099 118272069 118272069 CHILD STUDY CENTER 900099 1933848 1933848 STUDENT HOUSING 900099 1635390 1635390 PERFORMANCE FEES 711130 15684 15684 121856991 1345214 1345214 475662 0 475662 475662 475662 43874713 42805586 1069127 1069127 1069127 64510 181335 185629 -121119 -121119 BOOKSTORE/VENDING/COMMISSIONS 611710 86067 86067 ATHLETICS REVENUE 611420 18384 18384 217976 217976 322427 131965727 121875375 0 3072927 47169374 47169374 3087112 1316342 1606212 164558 857938 729692 128246 44450728 37646732 6402453 401543 2321838 1824131 466856 30851 8083055 6431371 1586767 64917 3613594 3012103 560717 40774 13447 13447 194330 194330 230803 230803 2867908 1373110 1443754 51044 4615293 489789 4123188 2316 2450706 1548593 794631 107482 2614158 736015 1878015 128 6127537 4247937 1851109 28491 574532 516413 58073 46 75350 35738 39612 1356143 976422 366160 13561 3521225 2535282 950731 35212 1138138 1138138 BUILDING CONTRACTED SVC 2209028 1605620 581858 21550 SCHEDULED EVENTS 1174096 785603 375861 12632 STUDENT BAD DEBT 640124 640124 BOOKS/MEMBERSHIPS/SUBS. 489259 231292 257953 14 832596 237497 593510 1589 140708312 113449056 26282548 976708 14557 13073 5045009 2945604 997648 1083310 2057365 1874916 230743 187016 1661511 1257866 172846302 92235493 68085455 80610809 76751221 65524035 11481849 8322979 166325358 161819608 7334398 7387634 4870805 4962104 34271330 33058465 8468853 8332854 54945386 53741057 X 82079362 76502189 29300610 31576362 111379972 108078551 166325358 161819608 X -8742585 5448124 -6960 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 57335730 588136 7303282 1218124 3995893 60013131 67610948 1133708 -10204124 1204802 57335730 48040768 3217555 17302966 950341 67610948 42520958 4519464 1784098 783752 48040768 36966095 3754426 2573674 773237 42520958 0.50165 0.16260 0.33575 0 0 8498037 8498037 106783056 61936804 44846252 34301599 30298689 4002910 23263610 23263610 80610809 RIGHT OF USE ASSETS - OPERATING LEASES 6375665 RIGHT OF USE ASSETS - FINANCING LEASES 1236750 OTHER RECEIVABLES 590854 BENEFICIAL INTEREST IN TRUSTS 119710 8322979 OPERATING LEASE LIABILITIES 6758583 FINANCING LEASE LIABILITIES 1282874 REFUNDABLE GOV'T GRANTS 223590 BENEFICIAL INTEREST IN TRUSTS 67807 8332854 X 90006714 5448124 -6960 5441164 84565550 230803 47169374 47400177 131965727 93308135 0 93308135 230803 47169374 47400177 140708312 PART V, LINE 4: INTENDED USE OF ENDOWMENT FUND ST. JOSEPH'S UNIVERSITY, NY 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 2023, THE UNIVERSITY TRANSFERRED $3,995,899 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 -6,960. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIP EXPENSES NETTED AGAINST TUITION FOR FINANCIAL STATEMENT PURPOSES 47,169,374. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIP EXPENSES NETTED AGAINST TUITION FOR FINANCIAL STATEMENT PURPOSES 47,169,374. 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 COLLEGE 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 125970 83652 42318 5665 34138 2105 18566 GALA 119875 97683 22192 28002 1360 41017 54776 245845 181335 64510 5665 62140 1360 43122 73342 185629 -121119 1 STUDENT AID/SCHOLARSHIPS 3554 47169374 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) 533189 0 0 0 60000 0 41850 0 34885 0 669924 0 0 0 JOHN C ROTH CHIEF FINANCIAL OFFICER 305398 0 0 0 0 0 19714 0 15634 0 340746 0 0 0 HEATHER BARRY FACULTY/INTERIM PROVOST 215857 0 0 0 0 0 12827 0 38106 0 266790 0 0 0 CHRISTINE MURPHY VP ENROLLMENT 233313 0 0 0 0 0 15019 0 0 0 248332 0 0 0 ROBERT RILEY FORMER PROVOST/CURRENT FACULTY 215126 0 0 0 0 0 13825 0 15634 0 244585 0 0 0 RORY-SHAFFER WALSH VP INSTITUTIONAL ADVANCEMENT 218952 0 0 0 0 0 14104 0 0 0 233056 0 0 0 PHILLIP DEHNE EXECUTIVE DEAN - BK 177074 0 0 0 0 0 12463 0 41892 0 231429 0 0 0 EILEEN JAHN EXECUTIVE DEAN - LI 195994 0 0 0 0 0 12800 0 15634 0 224428 0 0 0 MICHELLE PAPAJOHN CHIEF INFORMATION OFFICER 190154 0 0 0 0 0 12541 0 15634 0 218329 0 0 0 SHANTEY HILL VP FOR STUDENT LIFE 204750 0 0 0 0 0 13129 0 0 0 217879 0 0 0 KATHERINE GRANELLI FACULTY 183961 0 0 0 0 0 6740 0 15634 0 206335 0 0 0 SUSAN STRAUT-COLLARD FACULTY 167397 0 0 0 0 0 7989 0 26189 0 201575 0 0 0 JESSICA DECATUR VP FOR MARKETING & COMMUNICATION 150866 0 0 0 0 0 10414 0 38106 0 199386 0 0 0 GAIL LAMBERTA FACULTY 160615 0 0 0 0 0 7491 0 15634 0 183740 0 0 0 SHAWN ROBERTSON FACULTY 169907 0 0 0 0 0 7291 0 0 0 177198 0 0 0 MICHAEL HANOPHY FORMER DEAN/CURRENT FACULTY 142595 0 0 0 0 0 7316 0 26189 0 176100 0 0 0 RAYMOND D'ANGELO FORMER DEAN/CURRENT FACULTY 136116 0 0 0 0 0 10826 0 26189 0 173131 0 0 0 MARION KOWALSKI CONTROLLER 162155 0 0 0 0 0 10371 0 0 0 172526 0 0 0 WENDY TURGEON FORMER DEAN/CURRENT FACULTY 150931 0 0 0 0 0 7167 0 0 0 158098 0 0 0 TOM TRAVIS FORMER PROVOST/ASST. TO PRES. 100484 0 0 0 0 0 6581 0 15634 0 122699 0 0 0 PART I, LINE 1A PRESIDENT BOOMGAARDEN RECEIVED A HOUSING ALLOWANCE FROM THE UNIVERSITY IN THE CALENDAR YEAR ENDED DECEMBER 31, 2022. 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, 2022 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 360000 17403021 348061 13913599 3141361 0 0 0 1 B 1605000 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 0 1 0 0 0 0 0 0 1 B 0 1 0 0 0 0 0 0 1 A 1 B 1 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 PART III, LINE 4A, PROGRAM SERVICE ACCOMPLISHMENTS: 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. PART III, LINE 4B, PROGRAM SERVICE ACCOMPLISHMENTS: 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, NY 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. 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 -6,960.