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FAIRFIELD UNIVERSITY: Form 990, tax year 2022

View the entire original 990 at ProPublica ↗

Organization
FAIRFIELD UNIVERSITY (EIN 06-0646623)
Tax period
2022-07-01 to 2023-06-30
Filed
2024-05-14
IRS object ID
202421359349308562
Schema version
2022v5.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2024-05-14T14:26:14-05:00ReturnTs
Tax Period End2023-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN135565207PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1KPMG LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1345 PARK AVENUEAddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP101540102ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2022-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN060646623EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1FAIRFIELD UNIVERSITYBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlFAIRBusinessNameControlTxt
Phone2032544000PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11073 NORTH BENSON ROADAddressLine1Txt
CityFAIRFIELDCityNm
State AbbreviationCTStateAbbreviationCd
ZIP06824ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonMICHAEL TRAFECANTEPersonNm
Person TitleVP FOR FIN, CFO & TREASURERPersonTitleTxt
Phone2032544000PhoneNum
Signature2024-05-14SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstMICHAELPersonFirstNm
Person LastTRAFECANTEPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN
FieldValueIRS element (for citing)
IRS Responsible Prty Info Curr0IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonTOBY RUTH FRIEDMAN KERSLAKEPreparerPersonNm
PTINP01875806PTIN
Phone2127589700PhoneNum
Preparation2024-05-13PreparationDt

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer3TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2022TaxYr
Build TS2023-04-26 12:10:37ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerMARK R NEMEC PHDPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line11073 NORTH BENSON ROADAddressLine1Txt
CityFAIRFIELDCityNm
State AbbreviationCTStateAbbreviationCd
ZIP06824ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$512,100,674GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.FAIRFIELD.EDUWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1942FormationYr
Legal Domicile StateCTLegalDomicileStateCd
Activity Or MissionTO DEVELOP THE CREATIVE INTELLECTUAL POTENTIAL OF ITS STUDENTS, SEE SCHEDULE O.ActivityOrMissionDesc
Voting Members Governing Body32VotingMembersGoverningBodyCnt
Voting Members Independent31VotingMembersIndependentCnt
Total Employee3725TotalEmployeeCnt
Total Volunteers600TotalVolunteersCnt
Total Gross UBI$344,977TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$453,170NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$52,721,702PYContributionsGrantsAmt
CY Contributions Grants$30,180,533CYContributionsGrantsAmt
PY Program Service Revenue$340,521,028PYProgramServiceRevenueAmt
CY Program Service Revenue$370,160,726CYProgramServiceRevenueAmt
PY Investment Income$22,131,718PYInvestmentIncomeAmt
CY Investment Income$23,329,624CYInvestmentIncomeAmt
PY Other Revenue$519,533PYOtherRevenueAmt
CY Other Revenue$857,153CYOtherRevenueAmt
PY Total Revenue$415,893,981PYTotalRevenueAmt
CY Total Revenue$424,528,036CYTotalRevenueAmt
PY Grants And Similar Paid$105,436,777PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$112,544,567CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$144,130,534PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$156,882,611CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$167,437PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$147,139CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$9,995,378CYTotalFundraisingExpenseAmt
PY Other Expenses$104,681,833PYOtherExpensesAmt
CY Other Expenses$115,172,259CYOtherExpensesAmt
PY Total Expenses$354,416,581PYTotalExpensesAmt
CY Total Expenses$384,746,576CYTotalExpensesAmt
PY Revenues Less Expenses$61,477,400PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$39,781,460CYRevenuesLessExpensesAmt
Total Assets BOY$1,095,002,497TotalAssetsBOYAmt
Total Assets EOY$1,146,008,194TotalAssetsEOYAmt
Total Liabilities BOY$371,263,577TotalLiabilitiesBOYAmt
Total Liabilities EOY$368,291,521TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$723,738,920NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$777,716,673NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionA FAIRFIELD UNIVERSITY EDUCATION HAS BECOME MORE INTEGRATED IN FOCUS, MORE GLOBAL IN OUTLOOK, AND MORE INTERNATIONAL IN ITS STRUCTURE THAN EVER BEFORE IN THE JESUIT TRADITION. SEE SCHEDULE O.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$268,694,535ExpenseAmt
Grant$112,544,567GrantAmt
Revenue$303,278,859RevenueAmt
DescHIGHER LEARNING: FAIRFIELD UNIVERSITY IS AN INSTITUTE OF HIGHERLEARNING WITH UNDERGRADUATE, GRADUATE, DOCTORATE AND CONTINUINGEDUCATION ACADEMIC PROGRAMS INCLUDING STUDENTS RESIDING ON CAMPUS ANDINCLUDES A COLLEGE PREPARATORY SCHOOL. SEE SCHEDULE O.Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
Expense$48,215,897ExpenseAmt
Revenue$60,445,217RevenueAmt
DescAUXILIARY SERVICES: AUXILIARY SERVICES INCLUDE THE COSTS OF ROOM ANDBOARD FOR APPROXIMATELY 3,584 FULL-TIME UNDERGRADUATE STUDENTS LIVINGON CAMPUS IN RESIDENCE HALLS, TOWNHOUSES, AND APARTMENT COMPLEXESRESIDING ON A 200 ACRE CAMPUS. GRADUATE STUDENT HOUSING IS ALSO OFFERED IN INDEPENDENT OFF-CAMPUS HOUSES, AND IN APARTMENT STYLE RESIDENCE HALLS.Desc

Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp

FieldValueIRS element (for citing)
Expense$3,115,540ExpenseAmt
Revenue$6,191,050RevenueAmt
DescOTHER ACTIVITIES: A VARIETY OF STUDENT SERVICES INCLUDING ARTS AND ENTERTAINMENT AT THE QUICK CENTER, STUDENT ACTIVITIES FOR CLUB SPORTS, AND OTHER ITEMS.Desc
FieldValueIRS element (for citing)
Total Program Service Expenses$320,025,972TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying ActivitiesYes (1)LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation EasementsYes (1)ConservationEasementsInd
Collections Of ArtYes (1)CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi EndowmentsYes (1)DonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other SecYes (1)ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (1)IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School OperatingYes (1)SchoolOperatingInd
Foreign OfficeYes (1)ForeignOfficeInd
Foreign ActivitiesYes (1)ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To IndividualsYes (1)MoreThan5000KToIndividualsInd
Professional FundraisingYes (1)ProfessionalFundraisingInd
Fundraising ActivitiesYes (1)FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To IndividualsYes (1)GrantsToIndividualsInd
Schedule J RequiredYes (1)ScheduleJRequiredInd
Tax Exempt BondsYes (1)TaxExemptBondsInd
Invest Tax Exempt Bonds0InvestTaxExemptBondsInd
Escrow Account0EscrowAccountInd
On Behalf Of Issuer0OnBehalfOfIssuerInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related PersonYes (1)GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash ContriYes (1)DeductibleNonCashContriInd
Deductible Art ContributionYes (1)DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related Entity0RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document7569IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee3725EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over LimitYes (1)UnrelatedBusIncmOverLimitInd
Form990 T FiledYes (1)Form990TFiledInd
Foreign Financial AccountYes (1)ForeignFinancialAccountInd
Foreign CountryITForeignCountryCd
Foreign CountryUKForeignCountryCd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo ContributionsYes (1)QuidProQuoContributionsInd
Quid Pro Quo Contri DisclYes (1)QuidProQuoContriDisclInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members32GoverningBodyVotingMembersCnt
Independent Voting Member31IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEOYes (1)CompensationProcessCEOInd
Compensation Process OtherYes (1)CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldCTStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1MICHAEL TRAFECANTEBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone2032544000PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11073 NORTH BENSON ROADAddressLine1Txt
CityFAIRFIELDCityNm
State AbbreviationCTStateAbbreviationCd
ZIP06824ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (44 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtAverage Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtKey EmployeeKeyEmployeeIndHighest Compensated EmployeeHighestCompensatedEmployeeIndFormer Ofcr Director TrusteeFormerOfcrDirectorTrusteeInd
MARK R NEMEC PHD
PRESIDENT45.000.00Yes (X)Yes (X)$731,563$0$126,390
NANCY A ALTOBELLO
TRUSTEE5.000.00Yes (X)$0$0$0
REV JOHN F BALDOVIN SJ
TRUSTEE1.000.00Yes (X)$0$0$0
MAUREEN ERRITY BUJNO
TRUSTEE (AS OF 7-1-2022)1.000.00Yes (X)$0$0$0
KEVIN P CANNON
TRUSTEE5.000.00Yes (X)$0$0$0
FRANK J CARROLL III
TRUSTEE5.000.00Yes (X)$0$0$0
JORGE A CHILUISA
TRUSTTE1.000.00Yes (X)$0$0$0
WILLIAM C CRAGER
TRUSTEE1.000.00Yes (X)$0$0$0
MARY RYAN CUNNINGHAM
TRUSTEE1.000.00Yes (X)$0$0$0
SHEILA KEARNEY DAVIDSON
TRUSTEE5.000.00Yes (X)$0$0$0
HUGH DAVIS
TRUSTEE (AS OF 7-1-2022)1.000.00Yes (X)$0$0$0
CHRISTOPHER C DESMARAIS
TRUSTEE5.000.00Yes (X)$0$0$0
THOMAS J FANNING SR
TRUSTEE1.000.00Yes (X)$0$0$0
LISA M FERRARO
TRUSTEE1.000.00Yes (X)$0$0$0
PATRICIA E GLASSFORD
TRUSTEE1.000.00Yes (X)$0$0$0
DOUGLAS W HAMMOND
TRUSTEE1.000.00Yes (X)$0$0$0
BRIAN P HULL
TRUSTEE5.000.00Yes (X)$0$0$0
REV GREGORY KALSCHEUR SJ
TRUSTEE1.000.00Yes (X)$0$0$0
DAGAN T KASAVANA
TRUSTEE1.000.00Yes (X)$0$0$0
STEPHEN M LESSING
TRUSTEE1.000.00Yes (X)$0$0$0
CLINTON A LEWIS JR
TRUSTEE1.000.00Yes (X)$0$0$0
SHELAGH MAHONEY-MCNAMEE
TRUSTEE1.000.00Yes (X)$0$0$0
JOHN C MEDITZ
TRUSTEE5.000.00Yes (X)$0$0$0
ELNER L MORRELL
TRUSTEE1.000.00Yes (X)$0$0$0
ROBERT J MURPHY JR
TRUSTEE5.000.00Yes (X)$0$0$0
PHILLIP J NEUGEBAUER
TRUSTEE1.000.00Yes (X)$0$0$0
GAVIN G O'CONNOR
TRUSTEE1.000.00Yes (X)$0$0$0
BIFF J O'REILLY
TRUSTEE5.000.00Yes (X)$0$0$0
REV MARIO M POWELL SJ
TRUSTEE1.000.00Yes (X)$0$0$0
REV STEPHEN A PRIVETT SJ
TRUSTEE5.000.00Yes (X)$0$0$0
CHRISTOPHER C QUICK
TRUSTEE1.000.00Yes (X)$0$0$0
ROSELLEN WALSH SCHNURR
TRUSTEE5.000.00Yes (X)$0$0$0
MICHAEL TRAFECANTE
VP FOR FINANCE, CFO & TREASURER45.000.00Yes (X)$347,370$0$141,210
KRISTINE CARROLL
SECRETARY45.000.00Yes (X)$74,708$0$53,770
JOANNE WILLIAMS
SR VP OF FINANCE & ADMIN45.000.00$322,286$0$44,603Yes (X)
DAVID FRASSINELLI
VICE PRESIDENT OF FACILITIES45.000.00$240,005$0$54,109Yes (X)
CHRISTINE SIEGEL
PROVOST & SR VP ACADEMICS45.000.00$419,943$0$74,559Yes (X)
RICHARD GREENWALD
DEAN, SCHOOL OF CAS45.000.00$250,081$0$69,263Yes (X)
WALTER HALAS
VP OF ADVANCEMENT45.000.00$401,215$0$65,426Yes (X)
JOHN YOUNG
HEAD MBB COACH45.000.00$437,649$0$63,459Yes (X)
ZHAN LI
DEAN, SCHOOL OF BUSINESS45.000.00$401,490$0$50,425Yes (X)
PAUL SCHLICKMANN
DIRECTOR OF ATHLETICS45.000.00$355,107$0$77,030Yes (X)
CORRY UNIS
VP FOR ENROLLMENT MANAGEMENT45.000.00$309,316$0$72,368Yes (X)
KEVIN LAWLOR
FORMER EXEC. VICE PRESIDENT0.000.00$364,176$0$2,000Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$4,654,909TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$894,612TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K325IndivRcvdGreaterThan100KCnt
Former Ofcr Employees ListedYes (1)FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (1)TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (5 entries)

Address Line1ContractorAddress/USAddress/AddressLine1TxtCityContractorAddress/USAddress/CityNmState AbbreviationContractorAddress/USAddress/StateAbbreviationCdZIPContractorAddress/USAddress/ZIPCdServicesServicesDescCompensationCompensationAmt
GLIBANE BUILDING COMPANY
7 JACKSON WALKWAYPROVIDENCERI02903CONSTRUCTION$45,090,330
ARAMARK SERVICES INC
27310 NETWORK PLACECHICAGOIL60673DINING SERVICE$17,823,436
PAC GROUP LLC
126 SOUTH MAIN STREETTORRINGTONCT06790CONSTRUCTION$9,202,202
ACCENTURE LLP
500 W MADISON STREETCHICAGOIL60661CONSULTING$7,450,000
ABM INDUSTRY GROUP LLC
14141 SOUTHWEST FREEWAY SUITE 400SUGAR LANDTX77478JANITORIAL$4,937,791
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K159CntrctRcvdGreaterThan100KCnt
Fundraising$1,139,621FundraisingAmt
Government Grants$2,913,414GovernmentGrantsAmt
All Other Contributions$26,127,498AllOtherContributionsAmt
Noncash Contributions$5,049,735NoncashContributionsAmt
Total Contributions$30,180,533TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (4 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmtUnrelated Business RevenueUnrelatedBusinessRevenueAmt
TUITION & FEES611600$303,278,859$303,278,859
AUXILIARY SERVICES721000$60,445,217$60,445,217
OTHER PROGRAM SERVICES900099$6,191,050$6,191,050
SUMMER CONFERENCES900099$245,600$168,766$76,834
FieldValueIRS element (for citing)
Total Program Service Revenue$370,160,726TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$14,354,732TotalRevenueColumnAmt
Unrelated Business Revenue$460,923UnrelatedBusinessRevenueAmt
Exclusion$13,893,809ExclusionAmt

Gross Rents GrossRentsGrp

FieldValueIRS element (for citing)
Real$1,357,736RealAmt

Less Rental Expenses LessRentalExpensesGrp

FieldValueIRS element (for citing)
Real$634,643RealAmt

Rental Income Or Loss RentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Real$723,093RealAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column$723,093TotalRevenueColumnAmt
Unrelated Business Revenue-$192,780UnrelatedBusinessRevenueAmt
Exclusion$915,873ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$95,394,637SecuritiesAmt
Other$107,455OtherAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$85,165,947SecuritiesAmt
Other$1,361,253OtherAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities$10,228,690SecuritiesAmt
Other-$1,253,798OtherAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$8,974,892TotalRevenueColumnAmt
Exclusion$8,974,892ExclusionAmt
FieldValueIRS element (for citing)
Fundraising Gross Income$544,855FundraisingGrossIncomeAmt
Contri Rpt Fundraising Event$1,139,621ContriRptFundraisingEventAmt
Fundraising Direct Expenses$410,795FundraisingDirectExpensesAmt

Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp

FieldValueIRS element (for citing)
Total Revenue Column$134,060TotalRevenueColumnAmt
Exclusion$134,060ExclusionAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$424,528,036TotalRevenueColumnAmt
Related Or Exempt Func Income$370,083,892RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$344,977UnrelatedBusinessRevenueAmt
Exclusion$23,918,634ExclusionAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$109,555,663TotalAmt
Program Services$109,555,663ProgramServicesAmt

Foreign Grants ForeignGrantsGrp

FieldValueIRS element (for citing)
Total$2,988,904TotalAmt
Program Services$2,988,904ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$5,577,980TotalAmt
Program Services$3,078,464ProgramServicesAmt
Management And General$1,592,799ManagementAndGeneralAmt
Fundraising$906,717FundraisingAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$111,847,181TotalAmt
Program Services$88,335,772ProgramServicesAmt
Management And General$18,624,320ManagementAndGeneralAmt
Fundraising$4,887,089FundraisingAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$7,317,415TotalAmt
Program Services$5,782,807ProgramServicesAmt
Management And General$1,214,680ManagementAndGeneralAmt
Fundraising$319,928FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$24,344,072TotalAmt
Program Services$19,238,635ProgramServicesAmt
Management And General$4,041,079ManagementAndGeneralAmt
Fundraising$1,064,358FundraisingAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$7,795,963TotalAmt
Program Services$6,002,648ProgramServicesAmt
Management And General$1,419,453ManagementAndGeneralAmt
Fundraising$373,862FundraisingAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$1,427,540TotalAmt
Program Services$541,623ProgramServicesAmt
Management And General$885,917ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$403,339TotalAmt
Management And General$403,339ManagementAndGeneralAmt

Fees For Services Prof Fundraising FeesForServicesProfFundraising

FieldValueIRS element (for citing)
Total$147,139TotalAmt
Fundraising$147,139FundraisingAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

FieldValueIRS element (for citing)
Total$158,946TotalAmt
Management And General$158,946ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$26,600,426TotalAmt
Program Services$22,251,173ProgramServicesAmt
Management And General$3,346,093ManagementAndGeneralAmt
Fundraising$1,003,160FundraisingAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$2,859,832TotalAmt
Program Services$2,624,446ProgramServicesAmt
Management And General$196,203ManagementAndGeneralAmt
Fundraising$39,183FundraisingAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$6,784,934TotalAmt
Program Services$4,508,096ProgramServicesAmt
Management And General$1,850,474ManagementAndGeneralAmt
Fundraising$426,364FundraisingAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$6,297,959TotalAmt
Program Services$1,514,489ProgramServicesAmt
Management And General$4,589,327ManagementAndGeneralAmt
Fundraising$194,143FundraisingAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$11,041,840TotalAmt
Program Services$11,041,840ProgramServicesAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$4,879,406TotalAmt
Program Services$4,195,363ProgramServicesAmt
Management And General$529,366ManagementAndGeneralAmt
Fundraising$154,677FundraisingAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$516,401TotalAmt
Program Services$400,188ProgramServicesAmt
Management And General$103,169ManagementAndGeneralAmt
Fundraising$13,044FundraisingAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$12,244,846TotalAmt
Program Services$10,642,156ProgramServicesAmt
Management And General$1,579,883ManagementAndGeneralAmt
Fundraising$22,807FundraisingAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$25,257,729TotalAmt
Program Services$17,749,575ProgramServicesAmt
Management And General$7,368,490ManagementAndGeneralAmt
Fundraising$139,664FundraisingAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$2,146,049TotalAmt
Program Services$393,804ProgramServicesAmt
Management And General$1,752,245ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmtFundraisingFundraisingAmt
MAINTENANCE & EQUIPMENT$7,688,301$2,679,812$4,946,080$62,409
STUDY ABROAD$3,613,883$3,613,500$120$263
CONSULTANTS & HONORARIA$2,723,068$1,064,666$1,439,764$218,638
LIBRARY ACQUISITIONS$1,047,806$1,021,510$4,363$21,933

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total-$520,046TotalAmt
Program Services$800,838ProgramServicesAmt
Management And General-$1,320,884ManagementAndGeneralAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$384,746,576TotalAmt
Program Services$320,025,972ProgramServicesAmt
Management And General$54,725,226ManagementAndGeneralAmt
Fundraising$9,995,378FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$1,021BOYAmt
EOY$699EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$95,675,587BOYAmt
EOY$66,519,601EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$36,651,642BOYAmt
EOY$31,314,689EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$2,609,798BOYAmt
EOY$1,698,263EOYAmt

Receivables From Officers Etc ReceivablesFromOfficersEtcGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Rcvbl From Disqualified Prsn RcvblFromDisqualifiedPrsnGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Inventories For Sale Or Use InventoriesForSaleOrUseGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$878,760,513LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$327,162,639LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$495,974,441BOYAmt
EOY$551,597,874EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$322,223,935BOYAmt
EOY$358,571,142EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

FieldValueIRS element (for citing)
BOY$83,158,606BOYAmt
EOY$94,526,291EOYAmt

Investments Program Related InvestmentsProgramRelatedGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Intangible Assets IntangibleAssetsGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$58,707,467BOYAmt
EOY$41,779,635EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$1,095,002,497BOYAmt
EOY$1,146,008,194EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$60,653,175BOYAmt
EOY$63,366,623EOYAmt

Grants Payable GrantsPayableGrp

FieldValueIRS element (for citing)
BOY$533,207BOYAmt
EOY$216,637EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$12,202,999BOYAmt
EOY$16,206,331EOYAmt

Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$297,048,684BOYAmt
EOY$287,665,627EOYAmt

Escrow Account Liability EscrowAccountLiabilityGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Loans From Officers Directors LoansFromOfficersDirectorsGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$825,512BOYAmt
EOY$836,303EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$371,263,577BOYAmt
EOY$368,291,521EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$375,358,221BOYAmt
EOY$447,954,021EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$348,380,699BOYAmt
EOY$329,762,652EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$723,738,920BOYAmt
EOY$777,716,673EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$1,095,002,497BOYAmt
EOY$1,146,008,194EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part XIYes (X)InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss$39,781,460ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst$14,407,948NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets-$211,655OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit RequiredYes (1)FederalGrantAuditRequiredInd
Federal Grant Audit PerformedYes (1)FederalGrantAuditPerformedInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
SchoolYes (X)SchoolInd

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$31,852,407CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$42,763,677CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$25,478,475CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$52,721,702CurrentTaxYearMinus1YearAmt
Current Tax Year$30,180,533CurrentTaxYearAmt
Total$182,996,794TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$31,852,407CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$42,763,677CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$25,478,475CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$52,721,702CurrentTaxYearMinus1YearAmt
Current Tax Year$30,180,533CurrentTaxYearAmt
Total$182,996,794TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$16,932,245SubstantialContributorsTotAmt
Public Support Total170$166,064,549PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$7,971,642CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$14,130,651CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$8,353,986CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$6,494,202CurrentTaxYearMinus1YearAmt
Current Tax Year$15,251,545CurrentTaxYearAmt
Total$52,202,026TotalAmt

Unrelated Business Net Incm170 UnrelatedBusinessNetIncm170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus1 Year$50,424CurrentTaxYearMinus1YearAmt
Current Tax Year$453,170CurrentTaxYearAmt
Total$503,594TotalAmt

Other Income170 OtherIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$174,945CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$36,496CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$46,927CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$409,189CurrentTaxYearMinus1YearAmt
Current Tax Year$544,855CurrentTaxYearAmt
Total$1,212,412TotalAmt
FieldValueIRS element (for citing)
Total Support$236,914,826TotalSupportAmt
Gross Receipts Rltd Activities$1,600,370,068GrossReceiptsRltdActivitiesAmt
Public Support CY1700.70090PublicSupportCY170Pct
Public Support PY1700.70770PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind

Form990 Schedule A Part VI Form990ScheduleAPartVIGrp

FieldValueIRS element (for citing)
Form And Line ReferenceSCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME:FormAndLineReferenceDesc
ExplanationGROSS INCOME FROM FUNDRAISING EVENTS - 2018 AMOUNT: $ 174,945. 2019 AMOUNT: $ 36,496. 2020 AMOUNT: $ 46,927. 2021 AMOUNT: $ 409,189. 2022 AMOUNT: $ 544,855.ExplanationTxt

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule C IRS990ScheduleC

FieldValueIRS element (for citing)
Volunteers0VolunteersInd
Paid Staff Or Management0PaidStaffOrManagementInd
Media Advertisements0MediaAdvertisementsInd
Mailings Members0MailingsMembersInd
Publications Or Broadcast0PublicationsOrBroadcastInd
Grants Other Organizations0GrantsOtherOrganizationsInd
Direct Contact Legislators0DirectContactLegislatorsInd
Rallies Demonstrations0RalliesDemonstrationsInd
Other ActivitiesYes (1)OtherActivitiesInd
Other Activities$38OtherActivitiesAmt
Total Lobbying Expenditures$38TotalLobbyingExpendituresAmt
Not Described Section501c30NotDescribedSection501c3Ind

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART II-B, LINE 1:FormAndLineReferenceDesc
ExplanationFAIRFIELD UNIVERSITY MAY INDIRECTLY INCUR LOBBYING EXPENSE THROUGH DUES PAID TO OTHER ORGANIZATIONS.ExplanationTxt

Schedule D IRS990ScheduleD

FieldValueIRS element (for citing)
Protection Natural HabitatYes (X)ProtectionNaturalHabitatInd
Total Easements9TotalEasementsCnt
Total Acreage30.00TotalAcreageCnt
Historic Strctr Easements Aftr2HistoricStrctrEasementsAftrCnt
Modified Easements0ModifiedEasementsCnt
States Easements Held1StatesEasementsHeldCnt
Written Policy MonitoringYes (1)WrittenPolicyMonitoringInd
Staff Hours Spent Enforcement65.00StaffHoursSpentEnforcementCnt
Expenses Incurred Enforcement$42,500ExpensesIncurredEnforcementAmt
Section170h Rqr Stsfd0Section170hRqrStsfdInd

Art Public Exhibition Amounts ArtPublicExhibitionAmountsGrp

FieldValueIRS element (for citing)
Revenues Included$0RevenuesIncludedAmt
Assets Included$0AssetsIncludedAmt
FieldValueIRS element (for citing)
Collection Used Pub ExhibitionYes (X)CollectionUsedPubExhibitionInd
Coll Used Scholarly RsrchYes (X)CollUsedScholarlyRsrchInd
Collection Used PreservationYes (X)CollectionUsedPreservationInd
Coll Used Loan Or Exch ProgYes (X)CollUsedLoanOrExchProgInd
Solicited Assets Sale0SolicitedAssetsSaleInd

CY Endwmt Fund CYEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$407,344,987BeginningYearBalanceAmt
Contributions$8,359,383ContributionsAmt
Investment Earnings Or Losses$34,214,939InvestmentEarningsOrLossesAmt
Grants Or Scholarships$4,989,938GrantsOrScholarshipsAmt
Other Expenditures$11,207,352OtherExpendituresAmt
Administrative Expenses$112,890AdministrativeExpensesAmt
End Year Balance$433,609,129EndYearBalanceAmt

CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$464,604,164BeginningYearBalanceAmt
Contributions$6,900,055ContributionsAmt
Investment Earnings Or Losses-$51,712,704InvestmentEarningsOrLossesAmt
Grants Or Scholarships$4,392,904GrantsOrScholarshipsAmt
Other Expenditures$7,940,015OtherExpendituresAmt
Administrative Expenses$113,609AdministrativeExpensesAmt
End Year Balance$407,344,987EndYearBalanceAmt

CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$357,051,925BeginningYearBalanceAmt
Contributions$5,229,014ContributionsAmt
Investment Earnings Or Losses$118,628,213InvestmentEarningsOrLossesAmt
Grants Or Scholarships$4,158,615GrantsOrScholarshipsAmt
Other Expenditures$11,999,924OtherExpendituresAmt
Administrative Expenses$146,449AdministrativeExpensesAmt
End Year Balance$464,604,164EndYearBalanceAmt

CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$382,450,518BeginningYearBalanceAmt
Contributions$1,402,417ContributionsAmt
Investment Earnings Or Losses-$15,169,929InvestmentEarningsOrLossesAmt
Grants Or Scholarships$4,530,960GrantsOrScholarshipsAmt
Other Expenditures$6,958,998OtherExpendituresAmt
Administrative Expenses$141,123AdministrativeExpensesAmt
End Year Balance$357,051,925EndYearBalanceAmt

CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$371,182,676BeginningYearBalanceAmt
Contributions$8,226,618ContributionsAmt
Investment Earnings Or Losses$14,081,047InvestmentEarningsOrLossesAmt
Grants Or Scholarships$4,407,492GrantsOrScholarshipsAmt
Other Expenditures$6,465,466OtherExpendituresAmt
Administrative Expenses$166,865AdministrativeExpensesAmt
End Year Balance$382,450,518EndYearBalanceAmt
FieldValueIRS element (for citing)
Board Designated Balance EOY0.37879BoardDesignatedBalanceEOYPct
Prmnnt Endowment Balance EOY0.62121PrmnntEndowmentBalanceEOYPct
Endowments Held Unrelated Org0EndowmentsHeldUnrelatedOrgInd
Endowments Held Related Org0EndowmentsHeldRelatedOrgInd

Land LandGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$9,108,009OtherCostOrOtherBasisAmt
Book Value$9,108,009BookValueAmt

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$711,117,396OtherCostOrOtherBasisAmt
Depreciation$237,206,654DepreciationAmt
Book Value$473,910,742BookValueAmt

Leasehold Improvements LeaseholdImprovementsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$5,065,586OtherCostOrOtherBasisAmt
Depreciation$171,545DepreciationAmt
Book Value$4,894,041BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$99,556,310OtherCostOrOtherBasisAmt
Depreciation$79,708,825DepreciationAmt
Book Value$19,847,485BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$53,913,212OtherCostOrOtherBasisAmt
Depreciation$10,075,615DepreciationAmt
Book Value$43,837,597BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$551,597,874TotalBookValueLandBuildingsAmt

Other Securities OtherSecuritiesGrp (2 entries)

DescDescBook ValueBookValueAmtMethod ValuationMethodValuationCd
PRIVATE EQUITY AND OTHER$53,353,178F
HEDGE FUNDS OF FUNDS$41,173,113F
FieldValueIRS element (for citing)
Total Book Value Securities$94,526,291TotalBookValueSecuritiesAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

FieldValueIRS element (for citing)
DescCAPITAL LEASESDesc
Amt$836,303Amt
FieldValueIRS element (for citing)
Total Liability$836,303TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$327,066,254TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst$14,407,948NetUnrealizedGainsInvstAmt
Other Revenue-$111,710,784OtherRevenueAmt
Revenue Not Reported-$97,302,836RevenueNotReportedAmt
Revenue Subtotal$424,369,090RevenueSubtotalAmt
Investment Expenses Not Incld$158,946InvestmentExpensesNotIncldAmt
Revenue Not Reported Fincl Stmt$158,946RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$424,528,036TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$273,088,501TotExpnsEtcAuditedFinclStmtAmt
Other Expenses Included-$111,499,129OtherExpensesIncludedAmt
Expenses Not Reported-$111,499,129ExpensesNotReportedAmt
Expenses Subtotal$384,587,630ExpensesSubtotalAmt
Investment Expenses Not Incld2$158,946InvestmentExpensesNotIncld2Amt
Expenses Not Rpt Fincl Stmt$158,946ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$384,746,576TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (6 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART III, LINE 1A:SFAS 116 (ASC 958) FOOTNOTE THE ART COLLECTIONS ARE DONATED TO THE UNIVERSITY AND NOT RECOGNIZED IN THE ASSETS OF THE BALANCE SHEET. THE AUDITED FINANCIAL STATEMENTS DO NOT HAVE A FOOTNOTE REGARDING THE COLLECTIONS.
PART III, LINE 4:ORGANIZATION'S COLLECTION THE ART COLLECTIONS ARE AN IMPORTANT CULTURAL RESOURCE OF THE UNIVERSITY, PROVIDING ARTS AND ACADEMIC ENRICHMENT TO THE STUDENTS, FACULTY, LOCAL COMMUNITY, AND INTERNATIONAL SCHOLARLY COMMUNITY. THE COLLECTIONS ARE HOUSED AT THE FAIRFIELD UNIVERSITY ART MUSEUM'S THOMAS J WALSH ART GALLERY, THE BELLARMINE HALL GALLERIES AND AT VARIOUS LOCATIONS ON CAMPUS. THE COLLECTIONS AREA OF THE MUSEUM'S WEBSITE PROVIDES DIGITAL ACCESS TO THESE WORKS OF ART, AND PROVIDES ART HISTORICAL AND TECHNICAL INFORMATION ABOUT THESE OBJECTS. THE FAIRFIELD UNIVERSITY ART MUSEUM IS DEDICATED TO PRESERVING, STUDYING, AND EXHIBITING THOSE OBJECTS ENTRUSTED TO ITS CARE, WHILE NEVER LOSING SIGHT OF ITS OBLIGATION TO EDUCATE AND INSPIRE ITS MANY AUDIENCES, FOR THE GREATER ENRICHMENT OF ALL. THE MUSEUM IS OPEN TO THE PUBLIC AND FREE OF CHARGE.
PART V, LINE 4:THE UNIVERSITY'S ENDOWMENT IS AN AGGREGATION OF GIFTS PROVIDED BY DONORS WITH THE REQUIREMENT THE GIFTS BE HELD IN PERPETUITY TO GENERATE EARNINGS NOW AND IN FUTURE YEARS TO SUPPORT THE UNIVERSITY'S PROGRAMS OF INSTRUCTION, RESEARCH AND PUBLIC SERVICE AND FUNDS DESIGNATED BY THE BOARD OF TRUSTEES TO FUNCTION AS ENDOWMENT. EARNINGS FROM ENDOWMENT INVESTMENTS SUPPORT SCHOLARSHIPS, CHAIRS, PROFESSORSHIPS, FELLOWSHIPS, BASIC RESEARCH, AS WELL AS ACADEMIC AND PUBLIC SERVICE PROGRAMS. THE ENDOWMENT SHOULD PROVIDE STABILITY SINCE THE PRINCIPAL IS INVESTED AND EARNINGS ARE GENERATED YEAR AFTER YEAR. 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.
PART X, LINE 2:THE UNIVERSITY IS A NOT-FOR-PROFIT CORPORATION AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (THE CODE) AND IS GENERALLY EXEMPT FROM INCOME TAXES ON RELATED INCOME PURSUANT TO SECTION 501(A) OF THE CODE. THE UNIVERSITY RECOGNIZES THE EFFECTS OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT OF BEING SUSTAINED. THE UNIVERSITY EVALUATES, ON AN ANNUAL BASIS, THE EFFECTS OF ANY UNCERTAIN TAX POSITIONS ON ITS FINANCIAL STATEMENTS. AS OF JUNE 30, 2023 AND 2022, THE UNIVERSITY HAS NOT IDENTIFIED OR PROVIDED FOR ANY SUCH POSITIONS.
PART XI, LINE 2D - OTHER ADJUSTMENTS:RENTAL EXPENSE 634,643. FUNDRAISING EXPENSE 410,795. STUDENT FINANCIAL AID -112,544,567. SPLIT INTEREST ADJUSTMENT -211,655.
PART XII, LINE 2D - OTHER ADJUSTMENTS:FUNDRAISING EXPENSE 410,795. STUDENT FINANCIAL AID -112,544,567. RENTAL EXPENSE 634,643.

Schedule E IRS990ScheduleE

FieldValueIRS element (for citing)
Nondiscriminatory Policy StmtYes (1)NondiscriminatoryPolicyStmtInd
Policy Stmt In Brochures EtcYes (1)PolicyStmtInBrochuresEtcInd
Plcy Pblczd Via Broadcast MediaYes (1)PlcyPblczdViaBroadcastMediaInd
Maintain Racial Comp RecsYes (1)MaintainRacialCompRecsInd
Maintain Scholarships RecsYes (1)MaintainScholarshipsRecsInd
Maintain Cpy Of Brochures EtcYes (1)MaintainCpyOfBrochuresEtcInd
Maintain Cpy Of All SolYes (1)MaintainCpyOfAllSolInd
Discriminate Race Stdnts Rghts0DiscriminateRaceStdntsRghtsInd
Discriminate Race Admiss Plcy0DiscriminateRaceAdmissPlcyInd
Discriminate Race Emplm Fculty0DiscriminateRaceEmplmFcultyInd
Discriminate Race Schs0DiscriminateRaceSchsInd
Discriminate Race Educ Plcy0DiscriminateRaceEducPlcyInd
Discriminate Race Use Of Fclts0DiscriminateRaceUseOfFcltsInd
Discriminate Race Athlt Prog0DiscriminateRaceAthltProgInd
Discriminate Race Other Acty0DiscriminateRaceOtherActyInd
Government Financial Aid RcvdYes (1)GovernmentFinancialAidRcvdInd
Government Financial Aid Rvkd0GovernmentFinancialAidRvkdInd
Compliance With Rev Proc7550Yes (1)ComplianceWithRevProc7550Ind

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
SCHEDULE E, PART I, LINE 3SEE SUPPLEMENTAL PAGE
PART I, LINE 3FAIRFIELD UNIVERSITY ADMITS STUDENTS OF ANY SEX, RACE, COLOR, MARITAL STATUS, SEXUAL ORIENTATION, RELIGION, AGE, NATIONAL ORIGIN OR ANCESTRY, DISABILITY OR HANDICAP TO ALL THE RIGHTS, PRIVILEGES, PROGRAMS, AND ACTIVITIES GENERALLY ACCORDED OR MADE AVAILABLE TO STUDENTS OF THE UNIVERSITY. IT DOES NOT DISCRIMINATE ON THE BASIS OF SEX, RACE, COLOR, MARITAL STATUS, SEXUAL ORIENTATION, GENDER IDENTITY, VETERAN'S STATUS, POLITICAL IDEOLOGY, RELIGION, AGE, NATIONAL ORIGIN OR ANCESTRY, DISABILITY OR HANDICAP IN ADMINISTRATION OF ITS EDUCATIONAL POLICIES, ADMISSIONS POLICIES, EMPLOYMENT POLICIES, SCHOLARSHIP AND LOAN PROGRAMS, ATHLETIC PROGRAMS, OR OTHER UNIVERSITY-ADMINISTERED PROGRAMS. THIS INFORMATION IS OUTLINED ON FAIRFIELD UNIVERSITY'S PUBLIC WEBSITE.
PART I, LINE 6FAIRFIELD UNIVERSITY RECEIVES GRANTS, AWARDS AND FINANCIAL ASSISTANCE FOR ITS STUDENTS FROM VARIOUS GOVERNMENTAL AGENCIES. THE UNIVERSITY HAS ALWAYS BEEN IN GOOD STANDING AND THE RIGHT TO RECEIVE SUCH AID HAS NEVER BEEN REVOKED OR SUSPENDED.

Schedule F IRS990ScheduleF

FieldValueIRS element (for citing)
Grant Records MaintainedYes (1)GrantRecordsMaintainedInd

Account Activities Outside US AccountActivitiesOutsideUSGrp (12 entries)

RegionRegionTxtOfficesOfficesCntEmployeeEmployeeCntType Of Activities ConductedTypeOfActivitiesConductedTxtSpecific Services ProvidedSpecificServicesProvidedTxtRegion Total ExpendituresRegionTotalExpendituresAmt
EUROPE (INCLUDING ICELAND AND GREENLAND)25PROGRAM SERVICESSTUDY ABROAD PROGRAM$3,751,210
EAST ASIA AND THE PACIFIC00PROGRAM SERVICESSTUDY ABROAD PROGRAM$61,018
EAST ASIA AND THE PACIFIC00GRANTMAKING$932,643
EUROPE (INCLUDING ICELAND AND GREENLAND)00GRANTMAKING$1,151,096
MIDDLE EAST AND NORTH AFRICA00GRANTMAKING$54,920
NORTH AMERICA00GRANTMAKING$441,502
RUSSIA AND THE NEWLY INDEPENDENT STATES00GRANTMAKING$47,600
SOUTH AMERICA00GRANTMAKING$124,179
SOUTH ASIA00GRANTMAKING$196,175
SUB-SAHARAN AFRICA00GRANTMAKING$40,789
EUROPE00INVESTMENTS$9,453,324
CENTRAL AMERICA00INVESTMENTS$70,924,339
FieldValueIRS element (for citing)
Subtotal Offices2SubtotalOfficesCnt
Subtotal Employees5SubtotalEmployeesCnt
Continuation Total Office0ContinuationTotalOfficeCnt
Continuation Total Employee0ContinuationTotalEmployeeCnt
Total Office2TotalOfficeCnt
Total Employee5TotalEmployeeCnt
Subtotal Spent$6,564,168SubtotalSpentAmt
Continuation Spent$80,614,627ContinuationSpentAmt
Total Spent$87,178,795TotalSpentAmt

Foreign Individuals Grants ForeignIndividualsGrantsGrp (8 entries)

Type Of AssistanceTypeOfAssistanceTxtRegionRegionTxtRecipientRecipientCntCash GrantCashGrantAmt
SCHOLARSHIPEAST ASIA AND THE PACIFIC22$932,643
SCHOLARSHIPEUROPE (INCLUDING ICELAND & GREENLAND)26$1,151,096
SCHOLARSHIPNORTH AMERICA9$441,502
SCHOLARSHIPSOUTH AMERICA3$124,179
SCHOLARSHIPSOUTH ASIA4$196,175
SCHOLARSHIPSUB-SAHARAN AFRICA1$40,789
SCHOLARSHIPMIDDLE EAST AND NORTH AFRICA1$54,920
SCHOLARSHIPSRUSSIA AND THE NEWLY INDEPENDENT STATES1$47,600
FieldValueIRS element (for citing)
Transfer To Foreign CorpYes (1)TransferToForeignCorpInd
Interest In Foreign Trust0InterestInForeignTrustInd
Foreign Corp OwnershipYes (1)ForeignCorpOwnershipInd
Passive Foreign Investmest CoYes (1)PassiveForeignInvestmestCoInd
Foreign PartnershipYes (1)ForeignPartnershipInd
Boycott CountriesYes (1)BoycottCountriesInd

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART III ACCOUNTING METHOD:
PART I, LINE 1THE UNIVERSITY HAS IN PLACE INTERNAL CONTROLS TO ENSURE AMOUNTS ARE AWARDED TO STUDENTS WHO CONTINUE TO MEET & MAINTAIN ELIGIBILITY REQUIREMENTS. THESE INTERNAL CONTROLS ARE ADMINISTRATED BY THE UNIVERSITY'S FINANCIAL AID OFFICE.
PART 1, LINE 3STUDY ABROAD PROGRAMS AND GRANTMAKING ARE REPORTED ON THE ACCRUAL METHOD. INVESTMENTS ARE REPORTED AT FAIR MARKET VALUE. SCHEDULE F - GRANTMAKING THE UNIVERSITY OFFERS FINANCIAL ASSISTANCE IN THE FORM OF LOANS, GRANTS, EMPLOYMENT (WORK STUDY) AND SCHOLARSHIPS. THE AWARDS ARE AWARDED TO STUDENTS MEETING CERTAIN ELIGIBILITY REQUIREMENTS. THE PROGRAMS ARE ADMINISTERED BY THE FINANCIAL AID OFFICE.

Schedule G IRS990ScheduleG

FieldValueIRS element (for citing)
Mail SolicitationsYes (X)MailSolicitationsInd
Email SolicitationsYes (X)EmailSolicitationsInd
Phone SolicitationsYes (X)PhoneSolicitationsInd
In Person SolicitationsYes (X)InPersonSolicitationsInd
Solicitation Of Non Govt GrantsYes (X)SolicitationOfNonGovtGrantsInd
Special Fundraising EventsYes (X)SpecialFundraisingEventsInd
Agrmt Prof Fundraising ActyYes (1)AgrmtProfFundraisingActyInd

Fundraiser Activity Info FundraiserActivityInfoGrp (4 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdActivityActivityTxtFundraiser Control Of FundsFundraiserControlOfFundsIndGross ReceiptsGrossReceiptsAmtRetained By ContractorRetainedByContractorAmtNet To OrganizationNetToOrganizationAmt
GIVECAMPUS INC
903 G ST SEWASHINGTONDC20003EXTERNAL WEBSITE0$163,973$35,066$128,907
GREATER GIVING
1920 NE STUCKI AVE SUITE 140HILLSBOROOR97006EXTERNAL WEBSITE0$163,211$2,195$161,016
TOSKR INC
9450 SW GEMINI DRIVEBEAVERTONOR97008EXTERNAL COMMUNICATIONS0$0$5,784-$5,784
COMMUNITY COUNSELLING
527 MADISON AVENUE 5TH FLOORNEW YORKNY10022CAMPAIGN CONSULTING0$0$137,000-$137,000
FieldValueIRS element (for citing)
Total Gross Receipts$327,184TotalGrossReceiptsAmt
Total Retained By Contractors$180,045TotalRetainedByContractorsAmt
Total Net To Organization$147,139TotalNetToOrganizationAmt
Licensed StatesCTLicensedStatesCd
Licensed StatesFLLicensedStatesCd
Licensed StatesNJLicensedStatesCd
Licensed StatesNYLicensedStatesCd

Fundraising Event Information FundraisingEventInformationGrp

FieldValueIRS element (for citing)
Event1AWARDS DINNEREvent1Nm
Gross Receipts Event1$1,356,777GrossReceiptsEvent1Amt
Charitable Contri Event1$1,051,321CharitableContriEvent1Amt
Gross Revenue Event1$305,456GrossRevenueEvent1Amt
Rent Facility Costs Event1$26,967RentFacilityCostsEvent1Amt
Food And Beverage Event1$199,399FoodAndBeverageEvent1Amt
Other Direct Expenses Event1$77,942OtherDirectExpensesEvent1Amt
Event2PREP AUCTIONEvent2Nm
Gross Receipts Event2$263,092GrossReceiptsEvent2Amt
Charitable Contri Event2$88,000CharitableContriEvent2Amt
Gross Revenue Event2$175,092GrossRevenueEvent2Amt
Rent Facility Costs Event2$27,418RentFacilityCostsEvent2Amt
Food And Beverage Event2$20,051FoodAndBeverageEvent2Amt
Other Direct Expenses Event2$7,753OtherDirectExpensesEvent2Amt
Other Events Total1OtherEventsTotalCnt
Gross Receipts Other Events$64,607GrossReceiptsOtherEventsAmt
Charitable Contri Other Events$300CharitableContriOtherEventsAmt
Gross Revenue Other Events$64,307GrossRevenueOtherEventsAmt
Rent Fclty Costs Other Events$47,077RentFcltyCostsOtherEventsAmt
Oth Direct Expnss Other Events$4,188OthDirectExpnssOtherEventsAmt
Gross Receipts Total$1,684,476GrossReceiptsTotalAmt
Charitable Contributions Tot$1,139,621CharitableContributionsTotAmt
Gross Revenue Total Events$544,855GrossRevenueTotalEventsAmt
Rent Fclty Costs Total Events$101,462RentFcltyCostsTotalEventsAmt
Food And Beverage Total Events$219,450FoodAndBeverageTotalEventsAmt
Oth Direct Expnss Total Events$89,883OthDirectExpnssTotalEventsAmt
Direct Expense Summary Events$410,795DirectExpenseSummaryEventsAmt
Net Income Summary$134,060NetIncomeSummaryAmt

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
SCHEDULE G, PART I- PROFESSIONAL FUNDRAISING SERVICES- COMMUNITY COUNSELING SERVICES, A STRATEGIC FUNDRAISING FIRM, PROVIDED ON-SITE TRAININGS TO FAIRFIELD UNIVERSITY IN-HOUSE PERSONNEL ON FUNDRAISING STRATEGIES, PLANNING, MANAGING, AS WELL AS IMPLEMENTING PROGRAMS THAT ACHIEVE FUNDRAISING GOALS. THE UNIVERSITY IS UNABLE TO DETERMINE THE GROSS RECEIPTS FROM THESE ACTIVITIES. - GREATER GIVING AND GIVECAMPUS: PROVIDES AN ON-LINE PLATFORM USED AS PART OF THE UNIVERSITY'S ANNUAL FUNDRAISING ACTIVITIES. - TOSKR: A TEXT MESSAGING SERVICE USED IN FUNDRAISING. THE UNIVERSITY IS UNABLE TO DETERMINE THE GROSS RECEIPTS FROM THESE ACTIVITIES.
SCHEDULE G, PART III- STATES REGISTEREDTHE UNIVERSITY IS REGISTERED IN CT, NY, NJ AND FL FOR THE SOLICITATION OF CONTRIBUTIONS THROUGH CHARITABLE GIFT ANNUITIES.

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedYes (1)GrantRecordsMaintainedInd

Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp (5 entries)

Grant TypeGrantTypeTxtRecipientRecipientCntCash GrantCashGrantAmtNon Cash AssistanceNonCashAssistanceDesc
INSTITUTIONAL SCHOLARSHIPS6702$93,192,3030
ATHLETIC SCHOLARSHIPS316$6,817,5270
STATE AND FEDERAL GRANTS255$727,2900
PREP SCHOOL FINANCIAL AID337$3,735,5060
OTHER FINANCIAL AID647$5,083,0370

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART I, LINE 2:FormAndLineReferenceDesc
ExplanationTHE UNIVERSITY OFFERS FINANCIAL ASSISTANCE IN THE FORM OF LOANS, GRANTS, EMPLOYMENT (WORK STUDY) AND SCHOLARSHIPS. THE AWARDS ARE AWARDED TO STUDENTS MEETING CERTAIN ELIGIBILITY REQUIREMENTS. THE PROGRAMS ARE ADMINISTERED BY THE FINANCIAL AID OFFICE WHICH HAS VARIOUS INTERNAL CONTROLS IN PLACE TO MONITOR THE AMOUNT OFFERED TO STUDENTS. AN ANNUAL UNIFORM GUIDANCE AUDIT IS CONDUCTED FOR THE FINANCIAL AID PROGRAMS AND THE FISAP REPORT IS PREPARED ANNUALLY FOR THE DEPARTMENT OF EDUCATION. AMOUNTS OF AID AWARDED ARE CREDITED TO STUDENT ACCOUNTS AND NOT SENT DIRECTLY TO THE STUDENT.ExplanationTxt

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Housing Allowance Or ResidenceYes (X)HousingAllowanceOrResidenceInd
Club Dues Or FeesYes (X)ClubDuesOrFeesInd
Written Policy Ref T And E ExpnssYes (1)WrittenPolicyRefTAndEExpnssInd
Substantiation RequiredYes (1)SubstantiationRequiredInd
Compensation CommitteeYes (X)CompensationCommitteeInd
Independent ConsultantYes (X)IndependentConsultantInd
Compensation SurveyYes (X)CompensationSurveyInd
Board Or Committee ApprovalYes (X)BoardOrCommitteeApprovalInd
Severance PaymentYes (1)SeverancePaymentInd
Supplemental Nonqual Rtr Plan0SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm0EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org0CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs0CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng Org0CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs0CompBsdNetEarnsRltdOrgsInd
Any Non Fixed PaymentsYes (1)AnyNonFixedPaymentsInd
Initial Contract Exception0InitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (12 entries)

TitleTitleTxtBase Compensation Filing OrgBaseCompensationFilingOrgAmtCompensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmtBonus Filing OrganizationBonusFilingOrganizationAmountBonus Related OrganizationsBonusRelatedOrganizationsAmtOther Compensation Filing OrgOtherCompensationFilingOrgAmtOther Compensation Rltd OrgsOtherCompensationRltdOrgsAmtDeferred Compensation Flng OrgDeferredCompensationFlngOrgAmtDeferred Comp Rltd OrgsDeferredCompRltdOrgsAmtNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmtNontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmtTotal Compensation Filing OrgTotalCompensationFilingOrgAmtTotal Compensation Rltd OrgsTotalCompensationRltdOrgsAmtComp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmtComp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
MARK R NEMEC PHD
PRESIDENT$549,523$0$146,200$0$35,840$0$27,450$0$98,940$0$857,953$0$0$0
JOHN YOUNG
HEAD MBB COACH$434,778$0$0$0$2,871$0$27,450$0$36,009$0$501,108$0$0$0
CHRISTINE SIEGEL
PROVOST & SR VP ACADEMICS$343,076$0$76,867$0$0$0$27,450$0$47,109$0$494,502$0$0$0
MICHAEL TRAFECANTE
VP FOR FINANCE, CFO & TREASURER$285,180$0$62,190$0$0$0$25,311$0$115,899$0$488,580$0$0$0
WALTER HALAS
VP OF ADVANCEMENT$323,452$0$72,000$0$5,763$0$27,450$0$37,976$0$466,641$0$0$0
ZHAN LI
DEAN, SCHOOL OF BUSINESS$331,416$0$65,867$0$4,207$0$27,450$0$22,975$0$451,915$0$0$0
PAUL SCHLICKMANN
DIRECTOR OF ATHLETICS$291,057$0$61,250$0$2,800$0$27,009$0$50,021$0$432,137$0$0$0
CORRY UNIS
VP FOR ENROLLMENT MANAGEMENT$249,072$0$60,244$0$0$0$23,140$0$49,228$0$381,684$0$0$0
JOANNE WILLIAMS
SR VP OF FINANCE & ADMIN$318,374$0$0$0$3,912$0$25,855$0$18,748$0$366,889$0$0$0
KEVIN LAWLOR
FORMER EXEC. VICE PRESIDENT$0$0$0$0$364,176$0$0$0$2,000$0$366,176$0$0$0
RICHARD GREENWALD
DEAN, SCHOOL OF CAS$239,081$0$11,000$0$0$0$22,172$0$47,091$0$319,344$0$0$0
DAVID FRASSINELLI
VICE PRESIDENT OF FACILITIES$204,094$0$35,911$0$0$0$18,840$0$35,269$0$294,114$0$0$0

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART I, LINE 1ATHE PRESIDENT RESIDES IN A HOUSE THAT WAS DONATED TO THE UNIVERSITY SPECIFICALLY FOR THE PRESIDENT'S USE. THE HOUSE IS USED FOR UNIVERSITY EVENTS. THE PRESIDENT LIVES IN THE HOUSE FOR THE CONVENIENCE OF THE UNIVERSITY. ALL AMOUNTS ARE INCLUDED IN NON-TAXABLE BENEFITS IN COLUMN D OF SCHEDULE J, PART II, COLUMN (D). THE UNIVERSITY PROVIDES AN APARTMENT FOR USE BY THE DEAN OF THE SCHOOL OF BUSINESS. ALL AMOUNTS ARE INCLUDED IN TAXABLE INCOME. HEALTH OR SOCIAL CLUB DUES OR INITIATION FEES: THE PRESIDENT RECEIVED MEMBERSHIP TO A CLUB FOR THE PURPOSE OF ENTERTAINING POTENTIAL DONORS. ALL AMOUNTS ARE INCLUDED IN TAXABLE INCOME.
PART I, LINE 4AKEVIN LAWLOR RECIEVED A SEVERANCE PAYMENT OF $364,176.
PART I, LINE 7VARIOUS MEMBERS OF MANAGEMENT WERE AWARDED A PERFORMANCE BONUS BASED ON SUCCESSFUL ATTAINMENT OF PERFORMANCE BASED OBJECTIVES.

Schedule K IRS990ScheduleK

Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp (4 entries)

Bond ReferenceBondReferenceCdBond Issuer EINBondIssuerEINCUSIPCUSIPNumBond IssuedBondIssuedDtIssue PriceIssuePriceAmtPurposePurposeDescDefeasedDefeasedIndOn Behalf Of IssuerOnBehalfOfIssuerIndPool FinancingPoolFinancingInd
CHEFA 2016 SERIES Q-1
A06080618620774YYR22016-02-25$53,583,942CONSTRUCTION OF VARIOUS CAMPUS FACILITIES000
CHEFA 2016 SERIES Q-2
B06080618620774YZH32016-03-30$20,006,907PARTIALLY REFUND CHEFA SERIES 2008000
CHEFA 2017 SERIES R
C06080618620774Y3B12017-12-20$121,950,419REFUND CHEFA SERIES O; CONSTRUCTION000
CHEFA 2018 SERIES S
D06080618620774Y3Y12018-04-04$75,309,545REFUND CHEFA SERIES M & N000

Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp (4 entries)

Bond ReferenceBondReferenceCdTotal ProceedsTotalProceedsAmtCapitalized InterestCapitalizedInterestAmtIssuance Costs From ProceedsIssuanceCostsFromProceedsAmtCapital ExpendituresCapitalExpendituresAmtSubstantial CompletionSubstantialCompletionYrRefunding Tax Exempt BondsRefundingTaxExemptBondsIndRefunding Taxable BondsRefundingTaxableBondsIndFinal Allocation MadeFinalAllocationMadeIndAdequate Books And Rec MaintAdequateBooksAndRecMaintIndRetiredRetiredAmtOther Spent ProceedsOtherSpentProceedsAmt
A$53,583,942$3,138,393$525,083$49,920,466201800Yes (1)Yes (1)
B$20,006,907$291,47620160Yes (1)Yes (1)Yes (1)$5,115,000$19,715,431
C$121,950,419$808,952$40,000,00020190Yes (1)Yes (1)Yes (1)$81,141,467
D$75,309,545$554,3892018Yes (1)0Yes (1)Yes (1)$21,690,000$74,755,156

Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp (4 entries)

Bond ReferenceBondReferenceCdOwning Bond Financed PropertyOwningBondFinancedPropertyIndAny Lease ArrangementsAnyLeaseArrangementsIndMgmt Contract Bond Fincd PropMgmtContractBondFincdPropIndEngage Bond Counsel ContractsEngageBondCounselContractsIndAny Research AgreementsAnyResearchAgreementsIndPrivate Bus Use By OthersPrivateBusUseByOthersPctPrivate Bus Concerning UBIPrivateBusConcerningUBIPctTotal Private Business UseTotalPrivateBusinessUsePctBond Iss Meet Prvt Sec Pymt TestBondIssMeetPrvtSecPymtTestIndChange In Use Bond Financed PropChangeInUseBondFinancedPropIndProcs Nonqualified Bond RemdtdProcsNonqualifiedBondRemdtdIndEngage Bond Counsel ResearchEngageBondCounselResearchInd
A00Yes (1)Yes (1)00.000000.000000.0000000Yes (1)
B00Yes (1)Yes (1)Yes (1)0.000800.000000.0008000Yes (1)Yes (1)
C00Yes (1)Yes (1)00.000000.000000.0000000Yes (1)
D00Yes (1)Yes (1)00.000000.000000.0000000Yes (1)

Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp (4 entries)

Bond ReferenceBondReferenceCdForm8038 T FiledForm8038TFiledIndRebate Not Due YetRebateNotDueYetIndException To RebateExceptionToRebateIndNo Rebate DueNoRebateDueIndVariable Rate IssueVariableRateIssueIndHedge Identified In Bks And RecHedgeIdentifiedInBksAndRecIndGross Proceeds Invested In GICGrossProceedsInvestedInGICIndGross Proceeds InvestedGrossProceedsInvestedIndWritten Proc To Monitor ReqsWrittenProcToMonitorReqsInd
A000Yes (1)0000Yes (1)
B000Yes (1)0000Yes (1)
C000Yes (1)0000Yes (1)
D000Yes (1)0000Yes (1)

Procedures Corrective Action ProceduresCorrectiveActionGrp (4 entries)

Bond ReferenceBondReferenceCdProcedures Corrective ActionProceduresCorrectiveActionInd
AYes (1)
BYes (1)
CYes (1)
DYes (1)

Supplemental Information Detail SupplementalInformationDetail (4 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
SCHEDULE K, PART II, LINE 11CHEFA 2016 SERIES Q-2 BOND: THE OTHER SPENT PROCEEDS WERE USED TO ADVANCE REFUND A PORTION OF THE SERIES M BOND ISSUE. CHEFA 2017 SERIES R BOND: THE OTHER PROCEEDS WERE USED TO REFUND SERIES O. THE REMAINING $40 MILLION WAS USED FOR THE CONSTRUCTION OF NEW JR/SR TOWNHOUSES AND RENOVATIONS OF OTHER CAMPUS FACILITIES. CHEFA 2018 SERIES S BOND: THE OTHER SPEND PROCEEDS WERE USED TO CURRENTLY REFUND THE 2008 SERIES M AND SERIES N BOND ISSUES. CHEFA 2020 SERIES T BOND: THE OTHER SPENT PROCEEDS WERE USED TO REFUND THE 2010 SERIES P BOND SERIES.
PART III, LINE 3AALL MANAGEMENT AND SERVICE CONTRACTS IN BOND FINANCED SPACE HAVE BEEN PREVIOUSLY REVIEWED BY BOND COUNSEL. THEY WERE DETERMINED TO FALL UNDER THE SAFE HARBOR PROVIDED BY REVENUE PROCEDURE 2007-17 AND WILL NOT RESULT IN PRIVATE BUSINESS USE.
PART III, LINE 3CRESEARCH AGREEMENTS: RESEARCH AGREEMENTS RELATING TO THE BONDS ISSUE Q2 HAVE BEEN REVIEWED BY BOND COUNSEL TO ENSURE THEY ARE COMPLIANT WITH THE APPLICABLE SAFE HARBORS. THE RESEARCH AGREEMENTS DID NOT RESULT IN ANY PRIVATE BUSINESS USE.
PART IV, LINE 2CTHE DATE OF MOST RECENT REBATE CALCULATION FOR THE CHEFA 2016 SERIES Q-1 WAS FEBRUARY 25, 2021. THE DATE OF THE MOST RECENT REBATE CALCULATION FOR THE CHEFA 2016 Q-2 WAS MARCH 30, 2021. THE DATE OF THE MOST RECENT REBATE CALCULATION FOR THE CHEFA 2017 SERIES R BOND WAS DECEMBER 20, 2022. THE DATE OF THE MOST RECENT REBATE CALCULATION FOR THE CHEFA 2018 SERIES S BOND WAS APRIL 4, 2023.

Schedule K IRS990ScheduleK

Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp (2 entries)

Bond ReferenceBondReferenceCdBond Issuer EINBondIssuerEINCUSIPCUSIPNumBond IssuedBondIssuedDtIssue PriceIssuePriceAmtPurposePurposeDescDefeasedDefeasedIndOn Behalf Of IssuerOnBehalfOfIssuerIndPool FinancingPoolFinancingInd
CHEFA 2020 SERIES T
A06080618620775DHWS2020-09-10$28,063,429REFUND CHEFA SERIES P, CONSTRUCTION000
CHEFA 2022 SERIES U
B06080618620775DSTO2022-03-17$30,469,568SERIES U CONSTRUCTION000

Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp (2 entries)

Bond ReferenceBondReferenceCdRetiredRetiredAmtTotal ProceedsTotalProceedsAmtIssuance Costs From ProceedsIssuanceCostsFromProceedsAmtCapital ExpendituresCapitalExpendituresAmtOther Spent ProceedsOtherSpentProceedsAmtUnspentUnspentAmtRefunding Tax Exempt BondsRefundingTaxExemptBondsIndRefunding Taxable BondsRefundingTaxableBondsIndFinal Allocation MadeFinalAllocationMadeIndAdequate Books And Rec MaintAdequateBooksAndRecMaintInd
A$2,045,000$28,063,429$489,189$16,068,221$6,949,859$4,556,160Yes (1)00Yes (1)
B$30,469,568$469,568$20,440,807$9,559,193000Yes (1)

Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp (2 entries)

Bond ReferenceBondReferenceCdOwning Bond Financed PropertyOwningBondFinancedPropertyIndAny Lease ArrangementsAnyLeaseArrangementsIndMgmt Contract Bond Fincd PropMgmtContractBondFincdPropIndEngage Bond Counsel ContractsEngageBondCounselContractsIndAny Research AgreementsAnyResearchAgreementsIndPrivate Bus Use By OthersPrivateBusUseByOthersPctPrivate Bus Concerning UBIPrivateBusConcerningUBIPctTotal Private Business UseTotalPrivateBusinessUsePctBond Iss Meet Prvt Sec Pymt TestBondIssMeetPrvtSecPymtTestIndChange In Use Bond Financed PropChangeInUseBondFinancedPropIndProcs Nonqualified Bond RemdtdProcsNonqualifiedBondRemdtdInd
A00Yes (1)Yes (1)00.000000.000000.0000000Yes (1)
B00Yes (1)Yes (1)00.000000.000000.0000000Yes (1)

Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp (2 entries)

Bond ReferenceBondReferenceCdForm8038 T FiledForm8038TFiledIndRebate Not Due YetRebateNotDueYetIndException To RebateExceptionToRebateIndNo Rebate DueNoRebateDueIndVariable Rate IssueVariableRateIssueIndHedge Identified In Bks And RecHedgeIdentifiedInBksAndRecIndGross Proceeds Invested In GICGrossProceedsInvestedInGICIndGross Proceeds InvestedGrossProceedsInvestedIndWritten Proc To Monitor ReqsWrittenProcToMonitorReqsInd
A0Yes (1)000000Yes (1)
B0Yes (1)000000Yes (1)

Procedures Corrective Action ProceduresCorrectiveActionGrp (2 entries)

Bond ReferenceBondReferenceCdProcedures Corrective ActionProceduresCorrectiveActionInd
AYes (1)
BYes (1)

Schedule L IRS990ScheduleL

Grnt Asst Bnft Interested Prsn GrntAsstBnftInterestedPrsnGrp (2 entries)

Cash GrantCashGrantAmtType Of AssistanceTypeOfAssistanceTxtAssistance PurposeAssistancePurposeTxt
$22,000MERIT SCHOLARSHIPSTUITION ASSISTANCE
$14,000SCHOLARSHIPSTUITION ASSISTANCE

Schedule M IRS990ScheduleM

Works Of Art WorksOfArtGrp

FieldValueIRS element (for citing)
Non Cash CheckboxYes (X)NonCashCheckboxInd
Contribution348ContributionCnt
Noncash Contributions Rpt F990$0NoncashContributionsRptF990Amt
Method Of Determining RevenuesAPPRAISALSMethodOfDeterminingRevenuesTxt

Securities Publicly Traded SecuritiesPubliclyTradedGrp

FieldValueIRS element (for citing)
Non Cash CheckboxYes (X)NonCashCheckboxInd
Contribution60ContributionCnt
Noncash Contributions Rpt F990$4,981,885NoncashContributionsRptF990Amt
Method Of Determining RevenuesFMVMethodOfDeterminingRevenuesTxt

Other Non Cash Contri Table OtherNonCashContriTableGrp

FieldValueIRS element (for citing)
Non Cash CheckboxYes (X)NonCashCheckboxInd
DescGIKDesc
Contribution3ContributionCnt
Noncash Contributions Rpt F990$67,850NoncashContributionsRptF990Amt
Method Of Determining RevenuesFMVMethodOfDeterminingRevenuesTxt
FieldValueIRS element (for citing)
Form8283 Received3Form8283ReceivedCnt
Any Property That Must Be Held0AnyPropertyThatMustBeHeldInd
Review Process Unusual NC Gifts0ReviewProcessUnusualNCGiftsInd
Third Parties Used0ThirdPartiesUsedInd

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART I, LINE 1, COLUMN (C)WORKS OF ART FAIRFIELD UNIVERSITY DOES NOT REPORT AN APPRAISED VALUE FOR WORK OF ARTS IN ITS AUDITED FINANCIAL STATEMENTS.
PART I, PART I, COLUMN BTHE NUMBER IN SCHEDULE M, PART I, COLUMN B REPRESENTS THE NUMBER OF ITEMS CONTRIBUTED.

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (8 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART III, LINE 1THE PURPOSE OF FAIRFIELD UNIVERSITY IS TO ESTABLISH, ORGANIZE, MAINTAIN AND CONDUCT AN INSTITUTION FOR INTERMEDIATE, SECONDARY, UNDERGRADUATE AND GRADUATE EDUCATION IN THE STATE OF CONNECTICUT, AND TO PERFORM SUCH OTHER WORKS OF EDUCATION, CHARITY AND RELIGION. A FAIRFIELD UNIVERSITY EDUCATION HAS BECOME MORE INTEGRATED IN FOCUS, MORE GLOBAL IN OUTLOOK, AND MORE INTENTIONAL IN ITS STRUCTURE THAN EVER BEFORE IN THE JESUIT TRADITION. WE ARE COMMITTED TO CREATING A STUDENT-FOCUSED, HOLISTIC, AND DIVERSE EDUCATIONAL ENVIRONMENT INTENDED TO EDUCATE THE WHOLE PERSON, MIND, BODY AND SPIRIT. WE WANT TO CULTIVATE IN BOTH OUR UNDERGRADUATE AND GRADUATE STUDENTS A SENSE OF COMMUNITY AND STRONG ETHICAL AND SPIRITUAL VALUES TO GUIDE THEM ON THEIR PATHS INTO THE FUTURE.
FORM 990, PART I, LINE 1FAIRFIELD'S MISSION IS TO DEVELOP THE CREATIVE INTELLECTUAL POTENTIAL OF ITS STUDENTS AND TO FOSTER IN THEM ETHICAL AND RELIGIOUS VALUES AND A SENSE OF SOCIAL RESPONSIBILITY.
PART III, LINE 4AFAIRFIELD UNIVERSITY IS AN INSTITUTION OF HIGHER LEARNING WITH UNDERGRADUATE, GRADUATE, DOCTORATE AND CONTINUING EDUCATION ACADEMIC PROGRAMS INCLUDING STUDENTS RESIDING ON CAMPUS. FULL-TIME EQUIVALENT ENROLLMENT FOR THE 2022-2023 ACADEMIC YEAR WAS 4,689 UNDERGRADUATES AND 825 GRADUATE STUDENTS WITH APPROXIMATELY 3,584 STUDENTS LIVING IN ON-CAMPUS RESIDENCES. ALSO INCLUDED IN OUR PROGRAM SERVICES IS A SECONDARY PREPARATORY SCHOOL WITH AN ENROLLMENT OF APPROXIMATELY 796 STUDENTS. FAIRFIELD UNIVERSITY WELCOMED 1,328 MEMBERS OF THE CLASS OF 2026 AND 23 TRANSFER STUDENTS TO CAMPUS IN THE FALL OF 2022. THE CLASS OF 2026 IS A STRONG CLASS, WITH AN AVERAGE SAT SCORE OF 1310 UNDER THE NEW SCORING SYSTEM. CONTINUED REFINEMENT OF THE FINANCIAL AID PROCESS AS WELL AS ENHANCEMENTS TO CAMPUS PROGRAMMING AND FOLLOW UP COMMUNICATION EFFORTS RESULTED IN A CLASS THAT EXCEEDED OUR BUDGETED GOALS. IN 2022, FAIRFIELD UNIVERSITY MOVED INTO THE CARNEGIE CLASSIFICATION OF INSTITUTIONS OF HIGHER EDUCATION'S DOCTORAL UNIVERSITIES CATEGORY AND ENTERED THE BEST NATIONAL UNIVERSITIES RANKING FOR THE FIRST TIME PLACING AMONG U.S NEWS & WORLD REPORT'S TOP 125 BEST NATIONAL UNIVERSITIES. THE UNIVERSITY WAS THE TOP-RANKED INSTITUTION AMONG SCHOOLS THAT MOVED INTO THE NATIONAL UNIVERSITIES CATEGORY. FAIRFIELD'S SECOND YEAR ON THE BEST NATIONAL UNIVERSITIES LIST ALSO INCLUDES RECOGNITION IN THE BEST VALUE SCHOOLS - NATIONAL RANKINGS CATEGORY WHERE THE UNIVERSITY IS RANKED NO. 140, UP 7 SPOTS FROM 2023. IN PROGRAM SPECIALTY RANKINGS, THE DOLAN SCHOOL JUMPED 46 SPOTS TO NO. 118 FOR BEST UNDERGRADUATE BUSINESS PROGRAMS AND WAS RANKED NO. 16 FOR BUSINESS ANALYTICS; NO. 17 FOR MARKETING (UP 20 SPOTS); NO. 17 FOR FINANCE (UP 4 SPOTS); AND NO. 28 FOR ACCOUNTING (UP 11 SPOTS). FAIRFIELD'S SCHOOL OF ENGINEERING & COMPUTING WAS RANKED NO. 86 IN THE BEST UNDERGRADUATE ENGINEERING PROGRAMS CATEGORY (NO DOCTORATE), AND THE EGAN SCHOOL WAS RANKED 112 FOR BEST UNDERGRADUATE NURSING PROGRAMS. FAIRFIELD UNIVERSITY ALSO RANKED NO. 124 ON THE WALL STREET JOURNAL'S 2024 BEST COLLEGES IN THE U.S. LIST, JUMPING 66 SPOTS. ACCORDING TO U.S. NEWS & WORLD REPORT'S 2023-2024 BEST GRADUATE SCHOOLS RANKINGS, FAIRFIELD DOLAN'S FINANCE, MARKETING, AND BUSINESS ANALYTICS PROGRAMS ARE AMONG THE TOP 20 IN THE U.S., AND FAIRFIELD DOLAN'S ACCOUNTING PROGRAM MAINTAINED A HIGH RANKING OF #26 NATIONALLY. IN THE STATE OF CONNECTICUT, DOLAN'S ACCOUNTING, BUSINESS ANALYTICS, FINANCE, AND MARKETING PROGRAMS WERE RANKED #1. AMONG THE BEST NURSING SCHOOLS THAT OFFER MASTER'S DEGREES, THE EGAN SCHOOL RANKED #73 IN A TIE WITH FOUR SCHOOLS, AND TIED WITH QUINNIPIAC FOR #2 IN CONNECTICUT, BEHIND YALE. THE EGAN SCHOOL TIED AT #74 NATIONALLY AMONG SCHOOLS THAT OFFER DNP DEGREES. THE PRINCETON REVIEW'S THE BEST 388 COLLEGES: 2023 EDITION PLACED FAIRFIELD AT NO. 23 NATIONALLY ON ITS LIST OF "BEST-RUN COLLEGES." NICHE'S 2024 BEST COLLEGES RANKINGS INCLUDED FAIRFIELD IN THE TOP 20 PERCENT OF BEST COLLEGES IN AMERICA, IN ADDITION TO LANDING AMONG THE TOP 20 PERCENT OF TOP PRIVATE UNIVERSITIES IN AMERICA; BEST VALUE COLLEGES IN AMERICA; COLLEGES WITH THE BEST ACADEMICS IN AMERICA; COLLEGES WITH THE BEST STUDENT LIFE IN AMERICA; AND BEST COLLEGES FOR STUDENT ATHLETES IN AMERICA. FAIRFIELD IS ALSO AMONG THE TOP 10 PERCENT OF BEST COLLEGES FOR ACCOUNTING AND FINANCE, AND BEST COLLEGES FOR NURSING IN AMERICA ACCORDING TO NICHE. FAIRFIELD'S REPUTATION FOR EXCELLENCE IS ALSO REFLECTED IN THE RECORD NUMBER OF APPLICATIONS THE UNIVERSITY IS RECEIVING, AND OUR ADMIT RATE DECLINING. FAIRFIELD UNIVERSITY'S INCOMING CLASS OF 2027 IS THE MOST ACADEMICALLY ACCOMPLISHED IN THE JESUIT INSTITUTION'S RECENT HISTORY, AND STUDENTS WERE SELECTED FROM A RECORD NUMBER OF JUST OVER 15,450 APPLICANTS, UP FROM THE PREVIOUS RECORD-BREAKING NUMBER OF APPLICATIONS RECEIVED LAST YEAR. FAIRFIELD HAS ACHIEVED THIS GROWTH WHILE REMAINING TRUE TO ITS JESUIT MISSION TO EDUCATE AND FORM PERSONS OF INTEGRITY AND PURPOSE WHO WILL CONTINUE TO TRANSFORM OUR WORLD FOR THE BETTER. AS WE GROW, WE HAVE INVESTED IN OUR STUDENT'S EDUCATIONAL EXPERIENCE ENHANCING OUR LEARNING, LIVING AND RESEARCH SPACES, AND CREATING NEW AND INNOVATIVE FACILITIES TO ENSURE THAT A FAIRFIELD EDUCATION IS OF THE HIGHEST CONTEMPORARY STANDARDS. FAIRFIELD IS CREATING GREATER ACCESS TO STUDENTS OF ALL BACKGROUNDS AND IN FALL 2023 LAUNCHED FAIRFIELD BELLARMINE, A NEW ACADEMIC INITIATIVE THAT OFFERS A TWO-YEAR ASSOCIATE'S DEGREE PROGRAM. FAIRFIELD BELLARMINE IS PREPARING STUDENTS FOR TRANSITION TO A BACHELOR'S DEGREE PROGRAM AT FAIRFIELD OR ANOTHER FOUR-YEAR INSTITUTION, OR FOR MEANINGFUL EMPLOYMENT. THE CREATION OF THIS TWO-YEAR ASSOCIATE'S DEGREE PROGRAM, DESIGNED TO SERVE STUDENTS IN THE BRIDGEPORT COMMUNITY, IS PART OF THE UNIVERSITY'S STRATEGIC PARTNERSHIP WITH THE DIOCESE OF BRIDGEPORT, "PATHWAYS TO HIGHER LEARNING." THE UNIVERSITY IS ALSO BRINGING ITS EXCELLENT NURSING PROGRAMS TO AUSTIN, TEXAS, A REGION WHERE THERE IS A CRITICAL SHORTAGE OF NURSES. SEVEN MONTHS AFTER ITS GRAND OPENING IN JUNE 2023, FAIRFIELD'S AUSTIN CAMPUS RECENTLY WELCOMED ITS SECOND COHORT OF ACCELERATED SECOND-DEGREE NURSING STUDENTS. FAIRFIELD UNIVERSITY CONTINUES TO EXPAND ITS GRADUATE OFFERINGS INCLUDING A NEW EXECUTIVE DOCTORATE IN BUSINESS ADMINISTRATION, AND A NUMBER OF NEW ONLINE-ONLY MASTER'S DEGREE PROGRAMS IN BUSINESS, ENGINEERING AND OTHER HIGH DEMAND FIELDS. FAIRFIELD UNIVERSITY CONTRIBUTES NEARLY $1 BILLION ANNUALLY TO THE LOCAL ECONOMY, ACCORDING TO THE CONNECTICUT CONFERENCE OF INDEPENDENT COLLEGES (CCIC) 2023 ECONOMIC IMPACT STUDY. THE UNIVERSITY CREATED 7,171 JOBS IN CONNECTICUT IN 2021, AND ABOUT 20,000 FAIRFIELD ALUMNI WHO CALL CONNECTICUT HOME CONTRIBUTE SIGNIFICANTLY TO SPENDING LOCALLY AND STATEWIDE. FORM 990, PART VI, SECTION A, LINE 1 THE BOARD OF TRUSTEE'S (THE BOARD) IS THE GOVERNING BODY FOR THE UNIVERSITY. THE BOARD IS COMPRISED OF 32 MEMBERS, ONE OF WHICH IS THE UNIVERSITY PRESIDENT. THE BOARD MEETS ON A QUARTERLY BASIS AND EACH MEMBER HAS EQUAL VOTING RIGHTS. THE BOARD IS COMPRISED OF 10 COMMITTEES, EACH LED BY A COMMITTEE CHAIR. THE CHAIR OF EACH COMMITTEE IS ALSO A MEMBER OF THE EXECUTIVE COMMITTEE WHICH ALSO INCLUDES THE CHAIR OF THE FULL BOARD AND THE PRESIDENT OF THE UNIVERSITY. MINUTES ARE MAINTAINED FOR ALL COMMITTEE MEETINGS AND SHARED WITH THE FULL BOARD. THE EXECUTIVE COMMITTEE SHALL HAVE AND MAY EXERCISE ALL OF THE AUTHORITY OF THE BOARD OF TRUSTEES TO CARRY ON THE ORDINARY BUSINESS OF THE CORPORATION BETWEEN MEETINGS OF THE BOARD OF TRUSTEES.
FORM 990, PART VI, SECTION B, LINE 11BFORM 990 IS REVIEWED AND APPROVED BY THE VICE PRESIDENT FOR FINANCE BEFORE IT IS FORWARDED TO THE FINANCE AND AUDIT COMMITTEE. IT IS THE POLICY OF FAIRFIELD UNIVERSITY THAT EACH VOTING MEMBER OF THE FINANCE AND AUDIT COMMITTEE OF THE BOARD OF TRUSTEES IS PRESENTED WITH A COPY OF THE COMPLETED IRS FORM 990 BEFORE IT IS FILED WITH THE IRS. FORM 990 IS ALSO POSTED TO THE UNIVERSITY'S BOARD OF TRUSTEE ONLINE PORTAL FOR ALL TRUSTEES TO REVIEW.
FORM 990, PART VI, SECTION B, LINE 12CMEMBERS OF THE BOARD OF TRUSTEES ARE ASKED TO SIGN A CONFLICT OF INTEREST STATEMENT. THE STATEMENT SHALL BE SIGNED ANNUALLY BY EACH BOARD MEMBER AS A CONDITION OF MEMBERSHIP ON THE BOARD OF TRUSTEES. EACH TRUSTEE IS EXPECTED TO DISCLOSE IN WRITING TO THE CHAIRMAN OF THE BOARD ALL SITUATIONS IN WHICH CONFLICTS MIGHT EXIST OR APPEAR TO EXIST. CONFLICT OF INTEREST STATEMENTS ARE COLLECTED AND REVIEWED BY THE UNIVERSITY SECRETARY. NO TRUSTEE HAVING INTERESTS CONFLICTING WITH THE INTERESTS OF THE UNIVERSITY, OR APPEARING SO, SHALL TAKE PART IN THE DELIBERATIONS OR VOTES OF THE BOARD INVOLVING THE QUESTION CONCERNING THE CONFLICT NOR SEEK TO INFLUENCE THE OTHER TRUSTEES ON THAT QUESTION.
FORM 990, PART VI, SECTION B, LINE 15THE REVIEW PROCESS INCLUDES ALL OF THESE ELEMENTS (1) REVIEW AND APPROVAL BY THE BOARD OF TRUSTEES--COMPENSATION IS REVIEWED AND APPROVED BY THE BOARD OF TRUSTEES OF FAIRFIELD UNIVERSITY EVERY TWO YEARS, PROVIDED THAT PERSONS WITH CONFLICTS OF INTEREST WITH RESPECT TO THE COMPENSATION ARRANGEMENT AT ISSUE ARE NOT INVOLVED IN THIS REVIEW AND APPROVAL. (2) USE OF DATA AS TO COMPARABLE COMPENSATION--THE COMPENSATION OF THE PERSON IS REVIEWED AND APPROVED USING DATA AS TO COMPARABLE COMPENSATION FOR SIMILARLY QUALIFIED PERSONS IN FUNCTIONALLY COMPARABLE POSITIONS AT SIMILARLY SITUATED UNIVERSITIES. THE FOLLOWING METHODS HAVE BEEN USED: A. REVIEW BY AN INDEPENDENT THIRD PARTY; B. CONDUCT MARKET ASSESSMENT OF SALARIES; AND C. EVALUATE THE APPROPRIATENESS OF THE CURRENT SALARY STRUCTURE TO ENSURE THAT WE ARE AND REMAIN COMPETITIVE WITH THE MARKET, AS WELL AS REMAIN INTERNALLY EQUITABLE. (3) CONTEMPORANEOUS DOCUMENTATION AND RECORDKEEPING--THERE IS CONTEMPORANEOUS DOCUMENTATION AND RECORD KEEPING WITH RESPECT TO THE DELIBERATIONS AND DECISIONS REGARDING THE COMPENSATION ARRANGEMENT. COMPENSATION ARRANGEMENT THE LAST TIME OF REVIEW WAS JUNE 2023.
FORM 990, PART VI, SECTION C, LINE 19GOVERNING DOCUMENTS SUCH AS FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICY AND WHISTLEBLOWER POLICY ARE AVAILABLE ON THE UNIVERSITY'S WEBSITE AND ALSO BY REQUEST.
FORM 990, PART XI, LINE 9:CHANGE IN SPLIT INTEREST AGREEMENT -211,655.