2025-05-06T19:29:30-05:00 2024-06-30 331374517 PKF O'CONNOR DAVIES ADVISORY LLC 300 TICE BOULEVARD SUITE 315 WOODCLIFF LAKE NJ 07677 990 2023-07-01 210634981 GEORGIAN COURT UNIVERSITY GEOR 7329872200 900 LAKEWOOD AVENUE LAKEWOOD NJ 08701 KETAN N GANDHI EDD SENIOR VP, FINANCE & ADMIN/CFO 7329872200 2025-05-06 1 1 GARRETT M HIGGINS P00543209 2017129800 2025-04-30 2023 2025-03-06 01:10:19Z JOSEPH R MARBACH PHD 900 LAKEWOOD AVENUE LAKEWOOD NJ 08701 80248102 0 X WWW.GEORGIAN.EDU X 1908 NJ GEORGIAN COURT OFFERS A COMPREHENSIVE LIBERAL ARTS EDUCATION IN THE ROMAN CATHOLIC TRADITION. FOR MORE INFORMATION GEORGIAN COURT OFFERS A COMPREHENSIVE LIBERAL ARTS EDUCATION IN THE ROMAN CATHOLIC TRADITION, WITH A SPECIAL CONCERN FOR WOMEN, AND IS COMMITTED TO ITS CORE VALUES OF JUSTICE, RESPECT, INTEGRITY, SERVICE, AND COMPASSION. 28 26 751 51 186478 0 3409945 4624727 49213034 52628106 5832420 14137927 304912 413249 58760311 71804009 16023767 17835358 0 0 25083418 26079441 27221 24500 763890 27147464 25248430 68281870 69187729 -9521559 2616280 119755993 122847259 35862776 34652402 83893217 88194857 X GEORGIAN COURT UNIVERSITY (GCU), PROVIDES A COMPREHENSIVE LIBERAL ARTS EDUCATION AND IS OPEN TO STUDENTS OF ALL FAITHS, DELIVERS A CURRICULUM THAT PROMOTES SCHOLARSHIP, SERVICE, AND PERSONAL DEVELOPMENT. 0 0 43826196 17835358 52628106 AS OF FALL 2023, GEORGIAN COURT UNIVERSITY ENROLLED 1,910 STUDENTS ACROSS MORE THAN 30 UNDERGRADUATE AND 10 GRADUATE PROGRAMS OFFERED THROUGH THE SCHOOL OF BUSINESS & DIGITAL MEDIA, THE SCHOOL OF ARTS, SCIENCES AND EDUCATION, AND THE HACKENSACK MERIDIAN HEALTH SCHOOL OF NURSING & WELLNESS AT GCU.THE UNIVERSITY'S FASTEST-GROWING AND MOST COMPETITITVE DEGREE PROGRAM, THE BACHELOR OF SCIENCE IN NURSING (BSN), BENEFITS FROM A PARTNERSHIP WITH HACKENSACK MERIDIAN HEALTH, ONE OF NEW JERSEY'S LARGEST HEALTHCARE NETWORKS. IN 2023-24. GCU GRADUATED ITS THIRD COHORT OF STUDENTS FROM THE ACCELERATED BACHELOR OF SCIENCE IN NURSING (ABSN) PROGRAM.OUR HISTORY GEORGIAN COURT, LOCATED IN HISTORIC LAKEWOOD, NEW JERSEY, IS THE ONLY CATHOLIC INSTITUTION OF HIGHER EDUCATION SERVING RESIDENTS THROUGHOUT CENTRAL AND SOUTHERN NEW JERSEY. THE UNIVERSITY HAS HISTORIC ROOTS AS A WOMEN'S COLLEGE, AND SERVED MEN IN EVENING AND GRADUATE COURSES, USUALLY PART-TIME, UNTIL SEPTEMBER 2012. GCU BECAME FULLY COEDUCATIONAL IN SEPTEMBER 2013 WITH THE ADDITION OF MEN IN CAMPUS RESIDENCE HALLS AND THE LAUNCH OF MEN'S ATHLETICS. BY THE 2023-24 ACADEMIC YEAR, GCU'S UNDERGRADUATE POPULATION WAS 67% FEMALE AND 33% MALE GCU PROVIDES ALL STUDENTS WITH A VALUES-BASED LIBERAL ARTS EDUCATION THAT (1) ENHANCES THEIR MARKETABILITY AFTER GRADUATION; (2) EMPHASIZES PURPOSEFUL LEADERSHIP; AND (3) PREPARES GRADUATES TO CONTRIBUTE MEANINGFULLY IN THEIR CAREERS, COMMUNITIES AND PERSONAL LIVES. THE UNIVERSITY EMPHASIZES THE IMPORTANCE OF FORMATION, WHOLE-PERSONHOOD AND EXPERIENCES THAT HELP STUDENTS BECOME JUST AND COMPASSIONATE MEMBERS OF SOCIETY. THESE EFFORTS ARE SUPPORTED BY THE OFFICE OF MISSION & MINISTY, WHICH ORGANIZES PROGRAMMING ON CATHOLIC INTELLECTUAL TRADITION, AND EXPERIENTIAL LEARNING OPPORTUNITIES . AS A ROMAN CATHOLIC UNIVERSITY, GCU WELCOMES STUDENTS FROM ALL RELIGIOUS, ETHNIC, AND SOCIOECONOMIC BACKGROUNDS, GUIDED BY ITS MERCY CORE VALUES: RESPECT, INTEGRITY, JUSTICE, COMPASSION, AND SERVICE.THE STUDENT EXPERIENCEGEORGIAN COURT OFFERS A CURRICULUM THAT ENGAGES STUDENTS IN BOTH PERSONAL AND PROFESSIONAL EXPLORATION. THE SMALL STUDENT-FACULTY RATIO OF 11:1 ALLOWS FOR PERSONALIZED LEARNING AND PROMOTES SUCCESS THROUGH HIGH-IMPACT PRACTICES SUCH AS LEARNING COMMUNITIES, SERVICE LEARNING, FACULTY-LED RESEARCH, STUDY ABROAD, INTERNSHIPS, AND CAPSTONE PROJECTS. ONE NOTABLE EXAMPLE OF THESE PRACTICES IS THE WORK OF GCU NURSING STUDENTS DURING THE PANDEMIC AND BEYOND.THE UNIVERSITY'S COMMITMENT TO STUDENT SUCCESS IS PARTICULARLY IMPACTFUL FOR FIRST-GENERATION COLLEGE STUDENTS, WHO MADE UP 33% OF THE FALL 2023 FRESHMAN CLASS, AND FOR STUDENTS FROM LOWER-INCOME FAMILIES, WITH 46% OF FRESHMEN RECEIVING PELL GRANTS IN FALL 2023.ACCOLADESIN 2024, GEORGIAN COURT CLIMBED 16 SPOTS IN THE U.S. NEWS & WORLD REPORT'S BEST REGIONAL UNIVERSITIES NORTH RANKINGS, ACHIEVING ITS HIGHEST POSITION IN OVER A DECADE. THE UNIVERSITY ALSO ADVANCED IN THE TOP PERFORMERS ON SOCIAL MOBILITY CATEGORY, MOVING FROM 103RD TO 90TH.GCU ALSO EARNED A SPOT ON PHI THETA KAPPA'S 2024 TRANSFER HONOR ROLL, HIGHLIGHTING IT AS ONE OF THE MOST TRANSFER-FRIENDLY INSTITUTIONS IN THE U.S. THE UNIVERSITY WAS ONE OF ONLY FIVE NEW JERSEY COLLEGES OR UNIVERSITIES TO RECEIVE THE PRESTIGIOUS RECOGNITION EACH YEAR SINCE 2018.GROWTH, RETENTION AND ACHIEVEMENTGRADUATE PROGRAMS AT GEORGIAN COURT CONTINUE TO THRIVE ONLINE AND IN PERSON, ATTRACTING PROFESSIONALS FROM ACROSS NEW JERSEY AND BEYOND. THE CENTER FOR PROFESSIONAL STUDIES (CPS) ALSO PROVIDES EXECUTIVE AND CONTINUING EDUCATION COURSES IN HUMAN RESOURCES MANAGEMENT, EDUCATION, AND NON-PROFIT MANAGEMENT. PROGRAMMING TO SUPPORT LATINX STUDENTS AT GEORGIAN COURT UNIVERSITY HAS BEEN REVITALIZED AND EXPANDED THROUGH VAMOS, A PROGRAM THAT FOCUSES ON SCHOLARSHIPS, DEDICATED SUPPORT, AND COMMUNITY BUILDING TO ASSIST LATINX STUDENTS IN NAVIGATING AND EXCELLING IN COLLEGE. THROUGH THE VAMOS PROGRAM, STUDENTS GAIN ACCESS TO 12 EXCLUSIVE WORKSHOPS DEVELOPED THROUGH AVANZANDO, A NATIONALLY RECOGNIZED INITIATIVE CREATED BY UNIDOSUS. THESE WORKSHOPS EQUIP LATINX AND FIRST-GENERATION COLLEGE STUDENTS WITH THE TOOLS AND STRATEGIES THEY NEED TO SUCCEED IN COLLEGE AND BEYOND.GRANTS & GIVINGIN 2023-24, GEORGIAN COURT SECURED OVER $1 MILLION IN COMPETITIVE GOVERNMENT GRANTS, CONTINUING ITS TREND OF ANNUAL MULTIMILLION-DOLLAR AWARDS. THESE FUNDS, ALONG WITH SIGNIFICANT DONOR CONTRIBUTIONS, SUPPORTED NURSING AND HEALTH PROFESSIONS, GLOBAL EDUCATION, AND STUDENT SCHOLARSHIPS, ENSURING AFFORDABILITY AND ACCESS.COMMITMENT TO CORE VALUES THROUGH SERVICESERVICE IS DEEPLY EMBEDDED IN THE GEORGIAN COURT EXPERIENCE, WITH HUNDREDS OF STUDENTS PARTICIPATING IN VOLUNTEER ACTIVITIES EACH YEAR.ONE LONGTIME CAMPUS TRADITION IS THE ANNUAL THANKSGIVING FOOD BASKET DRIVE, WHERE STUDENTS FILL REUSABLE GROCERY BAGS WITH HOLIDAY ESSENTIALS, WRITE PERSONALIZED HOLIDAY CARDS, AND DELIVER THE COMPLETED FOOD BASKETS TO LOCAL FAMILIES IN NEED.TO ADDRESS FOOD INSECURITY ON CAMPUS, THE OFFICE OF MISSION & MINISTRY MANAGES JULIAN'S CUPBOARD STUDENT FOOD PANTRY. LOCATED IN MERCY HALL, THE PANTRY IS OPEN TO ALL STUDENTS DURING OFFICE HOURS OR VIA AN ONLINE REQUEST SYSTEM.STUDENT NEED AT GCUIN 2023-24, 99% OF FULL-TIME FIRST-YEAR STUDENTS RECEIVED SOME KIND OF FINANCIAL AID. 9255466 STUDENT SERVICE SUPPORT - OTHER EXPENDITURES TO SUPPORT THE OPERATION OF OFFICES DEDICATED TO STUDENT SERVICE ACTIVITIES. 3101170 AS A MEMBER OF THE CENTRAL ATHLETIC COLLEGIATE CONFERENCE (CACC), GEORGIAN COURT HAD OVER 300 STUDENT-ATHLETES PARTICIPATING IN NCAA DIVISION II SPORTS AS OF FALL 2023. SPORTS PROGRAMS INCLUDED ACROBATICS AND TUMBLING, BASEBALL, BASKETBALL, CROSS COUNTRY, LACROSSE, SOCCER, SOFTBALL, VOLLEYBALL, AND INDOOR AND OUTDOOR TRACK AND FIELD.IN MAY 2024, THE UNIVERSITY WON THE 2023-24 CACC SPORTSMANSHIP AWARD FOR MEN'S SPORTS, EARNING TOP HONORS IN THE SPRING SEASON STANDINGS. 56182832 1 1 0 1 0 0 0 0 0 1 1 1 0 0 1 1 1 0 1 0 1 0 1 1 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 144 0 751 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 28 26 0 0 1 0 0 0 1 1 1 0 0 0 1 1 1 1 1 1 1 0 KY MA MD MI NH NY OH OK OR PA TN X KETAN N GANDHI EDD SENIOR VP FINANCE & ADMINCFO 7329872200 900 LAKEWOOD AVENUE LAKEWOOD NJ 08701 JOSEPH R MARBACH PHD PRESIDENT 35.00 X X 370075 0 50216 MICHELE TERESA ARONICA RSM PH.D., CHAIR 1.00 X X 0 0 0 DEACON JAMES J KNIPPER VICE CHAIR 1.00 X X 0 0 0 JAMES E ANDREWS TRUSTEE 1.00 X 0 0 0 THE HONORABLE JEFFREY S CHIESA ESQ TRUSTEE 1.00 X 0 0 0 RODRIGO A COLON JR TRUSTEE 1.00 X 0 0 0 ALICIA COOK TRUSTEE 1.00 X 0 0 0 GEORGE DESTAFNEY TRUSTEE 1.00 X 0 0 0 CHRIS DOMES EDD TRUSTEE 1.00 X 0 0 0 KENNETH M ESSER JR TRUSTEE 1.00 X 0 0 0 REGINA FOLEY PHD MBA RN TRUSTEE 1.00 X 0 0 0 MARY ELLEN FUHRMAN RSM TRUSTEE 1.00 X 0 0 0 REV MON R VINCENT GARTLAND TRUSTEE 1.00 X 0 0 0 MARILYN E GONYO EDD TRUSTEE 1.00 X 0 0 0 JOYCE A HECKMAN TRUSTEE 1.00 X 0 0 0 MARIANNE HOLLER DO FACOI FAAHPM, TRUSTEE 1.00 X 0 0 0 ROBERT H HUTCHINS TRUSTEE 1.00 X 0 0 0 MICHAEL J LAFERRERA TRUSTEE 1.00 X 0 0 0 MARY K E MAPLES ESQ TRUSTEE 1.00 X 0 0 0 KERRY ANNE MCGEARY PHD TRUSTEE 1.00 X 0 0 0 MICHAEL A NOONE TRUSTEE 1.00 X 0 0 0 JUDITH M PERSICHILLI RN BSN MA TRUSTEE 1.00 X 0 0 0 TAMMI C REDD PHD TRUSTEE 1.00 X 0 0 0 MEGAN E MULCAHY ROMANO TRUSTEE 1.00 X 0 0 0 JENNIFER MACGREGOR SAFEER CPA TRUSTEE 1.00 X 0 0 0 REV MONSIGNOR JOSEPH N ROSIE TRUSTEE 1.00 X 0 0 0 ELIZABETH M SCHMALZ TRUSTEE 1.00 X 0 0 0 JULIA A UPTON RSM PHD TRUSTEE 1.00 X 0 0 0 MATTHEW R MANFRA VP, INSTITUTIONAL ADVANCEMENT 35.00 X 203452 0 27208 JANICE I WARNER PROVOST 35.00 X 182467 0 32586 CHRIS KRZAK VP, ENROLLMENT & RETENTION 35.00 X 162120 0 21511 JOHN SOMMER CPA INTERIM CFO, THRU 8/31/23 35.00 X 162000 0 0 KETAN N GANDHI EDD SENIOR VP, FINANCE & ADMIN/CFO 35.00 X 101186 0 12034 JENNIFER J EDMONDS DEAN SOBM & DIGITAL MEDIA 35.00 X 124333 0 41215 KENNETH M KARAMICHAEL ASSOCIATE VP PROF STUDIES 35.00 X 145060 0 18067 JANET THIEL SR ASSOCIATE VP UNIVERSITY ASSESSMENT 35.00 X 151465 0 255 JOY L SMITH ASSO PROVOST STUDENT SUPPORT 35.00 X 129222 0 12052 THERESA J BROWN PROFESSOR 35.00 X 133572 0 6907 1864952 0 222051 26 0 1 0 ARAMARK SERVICES INC PO BOX 978839 DALLAS TX 753978839 FACILITIES AND DINING MANAGEMENT SERVICE 2776148 EAB GLOBAL PO BOX 603519 CHARLOTTE NC 282603519 CONSULTING SERVICES 1292037 ELLUCIAN COMPANY LLC 4 COUNTRY VIEW ROAD MALVERN PA 19355 MANAGEMENT SERVICES 717645 PRINCETON STRATEGIC COMMUNICATIONS GROUP 160 WEST STATE STREET TRENTON NJ 08608 CONSULTING SERVICES 486522 NJEDGENET PO BOX 22822 NEW YORK NY 100872822 CONSULTING SERVICES 481912 11 80505 3200961 1343261 5202 4624727 TUITION 611310 48001875 48001875 AUXILIARY ENTERPRISE 611310 4626231 4626231 52628106 2289422 3683 2285739 10718 10718 1548 1548 41666 0 41666 41666 41666 9257389 11000000 8183597 236005 1073792 10763995 11837787 1047 11836740 28052 80505 23991 4061 4061 1000 500 500 500 MISCELLANEOUS INCOME 900099 183726 183726 CATERING SERVICE 531120 181748 181748 365474 71804009 52628106 186478 14364698 220805 220805 16066901 16066901 1547652 1547652 1361578 308779 720150 332649 73009 56714 14427 1868 18307525 15443081 2675287 189157 369713 268935 92940 7838 4415845 3070658 1250743 94444 1551771 1268827 241682 41262 2481885 1770576 711309 349407 349407 193139 193139 30000 30000 24500 24500 200422 200422 2574321 600667 1965699 7955 273668 109666 157860 6142 1443276 1097883 315663 29730 1401766 800615 577285 23866 2656421 2279860 376561 1854137 1804657 48219 1261 63252 27921 35331 61178 50819 10359 3647408 3029786 617622 1261258 290432 970826 STUDENT PROGRAMS 2809063 2650400 155968 2695 DINING HALL 2722900 2721897 1003 REPAIRS AND MAINTENANCE 738046 623001 114615 430 MISCELLANEOUS EXPENSES 210126 210033 93 276757 72300 204457 69187729 56182832 12241007 763890 325922 8194017 12908873 1181162 734148 1283929 690467 55 100487 55112 122440864 70897147 55345969 51543717 45915845 46240588 6266060 7511535 1468524 2836842 119755993 122847259 11289299 4057396 843384 8044609 13344252 20818205 29272 10356569 1732192 35862776 34652402 X 50135675 51358505 33757542 36836352 83893217 88194857 119755993 122847259 X 2616280 3212731 -1527371 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 1 510 0 1 30000 30510 0 PART II-B, LINE 1: THE UNIVERSITY ENGAGED MWW PUBLIC AFFAIRS TO UNDERTAKE LOBBYING. THE TOTAL FEES PURSUANT TO THIS CONTRACT FOR THE YEAR ENDED JUNE 30, 2024, WERE $30,000. THE UNIVERSITY PAID MEMBERSHIP DUES TO MEMBER ORGANIZATIONS WHO MAY ENGAGE IN LOBBYING ACTIVITIES. THEREFORE, A PORTION OF THE DUES MAY BE ATTRIBUTABLE TO LOBBYING ACTIVITIES. THE UNIVERSITY PORTION OF DUES TO LOBBYING ACTIVITIES TOTALED $510. THIS DOES NOT CONSTITUTE A SUBSTANTIAL PORTION OF THE UNIVERSITY'S ACTIVITIES. 56380545 309441 5835259 4302163 58223082 53415761 243492 4893815 2172523 56380545 60924548 161844 -5739453 1931178 53415761 52634180 512496 12491288 4713416 60924548 58402612 182869 944249 6895550 52634180 0.43918 0.28730 0.27352 0 0 2486967 2486967 90160148 46632352 43527796 24578639 22863332 1715307 5215110 1401463 3813647 51543717 STRUCTURED CREDIT FUNDS 2129813 F PRIVATE EQUITY FUNDS 1817561 F SPECIAL SITUATIONS FUNDS 1608627 F CORE PROPERTIES FUNDS 1041125 F PERPETUAL TRUSTS 653557 F INVESTMENT HELD BY TRUSTEE 260852 F 7511535 CONDITIONAL ASSET RETIREMENT OBLIGATION 987380 OPERATING LEASE OBLIGATIONS 534092 OTHER LIABILITIES 185173 FINANCE LEASE OBLIGATIONS 16739 ANNUITY PAYMNT LIABILITY 8808 1732192 X 55674394 3212731 70578 3283309 52391085 200422 19212502 19412924 71804009 51372754 0 51372754 200422 17614553 17814975 69187729 PART V, LINE 4: THE UNIVERSITY HAS ADOPTED AN INVESTMENT POLICY THAT IS INTENDED TO PROVIDE A PREDICTABLE STREAM OF FUNDING TO PROGRAMS FROM ITS ENDOWMENT WHILE SEEKING TO MAINTAIN THE PURCHASING POWER OF THE ENDOWMENT ASSETS. ENDOWMENT ASSETS INCLUDE THOSE ASSETS OF DONOR-RESTRICTED FUNDS THAT THE UNIVERSITY MUST HOLD IN PERPETUITY AS WELL AS BOARD-DESIGNATED FUNDS. 1. DONOR RESTRICTED ENDOWMENT FUNDS ARE ESTABLISHED BY DONOR-RESTRICTED GIFTS AND RECORDED AS PERMANENTLY RESTRICTED WITHIN THE UNIVERSITY FINANCIAL STATEMENTS. THE AMOUNT OF EACH INDIVIDUAL FUND IS COMPRISED OF THE ORIGINAL GIFT, SUBSEQUENT GIFTS IF THEY WERE TO BE ADDED TO THE PERMANENT ENDOWMENT AND ACCUMULATIONS IF DIRECTED BY THE DONOR'S GIFT DOCUMENTS. THESE FUNDS MUST BE RETAINED IN ACCORDANCE WITH THE EXPLICIT DONOR STIPULATIONS. 2. EARNINGS ON THESE ENDOWED FUNDS ARE REGARDED AS NET APPRECIATION AND CLASSIFIED AS NET ASSETS WITH DONOR RESTRICTIONS. THESE AMOUNTS ARE APPROPRIATED FOR EXPENDITURE CONSISTENT WITH THE DONOR GUIDELINES. DONOR FUNDED SCHOLARSHIPS ARE AWARDED ANNUALLY, IN ACCORDANCE WITH DONOR STIPULATED GUIDELINES AND ARE A COMPONENT OF THE UNIVERSITY'S FINANCIAL AID BUDGET. 3. BOARD DESIGNATED FUNDS, QUASI-ENDOWMENT, FUNCTIONING AS ENDOWMENTS ARE MADE OF A DEBT FUND, INTENDED TO OFFSET FUTURE DEBT BORROWINGS; A PLANT FUND, INTENDED TO SUPPLEMENT OPERATIONAL EXPENSES RELATED TO FACILITIES' NEEDS SUCH AS DEFERRED MAINTENANCE OR CAPITAL ITEMS; AND A SPECIAL PROJECTS FUND WITH THE ABILITY TO REACT TO THE CHANGING NEEDS AND DEMANDS OF THE HIGHER EDUCATION ENVIRONMENT. PART X, LINE 2: THE UNIVERSITY IS CLASSIFIED AS A 501(C)(3) ORGANIZATION AND IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(A) OF THE INTERNAL REVENUE CODE AND A SIMILAR PROVISION OF THE NEW JERSEY STATE INCOME TAX LAW. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN REFLECTED IN THE ACCOMPANYING FINANCIAL STATEMENTS. THERE ARE CERTAIN TRANSACTIONS THAT COULD BE DEEMED UNRELATED BUSINESS INCOME AND WOULD RESULT IN A TAX LIABILITY. MANAGEMENT REVIEWS TRANSACTIONS TO ESTIMATE POTENTIAL TAX LIABILITIES USING A THRESHOLD OF MORE LIKELY THAN NOT. IT IS MANAGEMENT'S ESTIMATION THAT THERE ARE NO MATERIAL TAX LIABILITIES THAT NEED TO BE RECORDED AT JUNE 30, 2024 AND 2023. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENT 70,578. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIP EXPENSE 17,614,553. LOSS ON DISPOSAL 1,597,949. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIP EXPENSE 17,614,553. 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'S NOTICE OF NONDISCRIMINATION POLICY IS PRINTED ON ALL BROCHURES, WEB PAGES, AND PUBLICATIONS THAT ADVERTISE GCU PROGRAMS AND ADMISSION STANDARDS. SCHEDULE E, PART I, LINE 6 THE UNIVERSITY RECEIVED FINANCIAL ASSISTANCE FROM U.S. DEPARTMENT OF JUSTICE, U.S. DEPARTMENT OF EDUCATION, HIGHER EDUCATION STUDENT ASSISTANCE AUTHORITY, COMMISSION ON HIGHER EDUCATION, NEW JERSEY DEPARTMENT OF HUMAN SERVICES, NEW JERSEY DEPARTMENT OF THE TREASURY, AND THE NEW JERSEY OFFICE OF THE SECRETARY OF HIGHER EDUCATION. 1 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 GRANTMAKING 971511 NORTH AMERICA 0 0 GRANTMAKING 301120 SUB-SAHARAN AFRICA 0 0 GRANTMAKING 197807 EAST ASIA AND THE PACIFIC 0 0 GRANTMAKING 77214 0 0 0 0 0 0 1547652 0 1547652 SCHOLARSHIP EUROPE (INCLUDING ICELAND & GREENLAND) 24 971511 ACCOUNT CREDIT SCHOLARSHIP NORTH AMERICA 9 301120 ACCOUNT CREDIT SCHOLARSHIP SUB-SAHARAN AFRICA 5 197807 ACCOUNT CREDIT SCHOLARSHIP EAST ASIA AND THE PACIFIC 3 77214 ACCOUNT CREDIT 1 0 1 0 1 0 PART I, LINE 2: THE AID PROVIDED TO THE STUDENTS IS APPLIED BY THE UNIVERSITY DIRECTLY TO THE STUDENTS' ACCOUNT. AS SUCH, NO MONITORING OF THE GRANT FUNDS ARE REQUIRED BECAUSE THE STUDENT MAY ONLY USE THE SCHOLARSHIP FUNDS TO DEFRAY THE COST OF TUITION. DEFRAYED COSTS MAY ALSO INCLUDE LIVING EXPENSES, ROOM AND BOARD. PART IV, LINE 1: THE UNIVERSITY WAS A U.S. TRANFEROR OF PROPERTY TO A FOREIGN COUNTRY DURING THE TAX YEAR. THE UNIVERSITY IS NOT REQUIRED TO FILE FORM 926. PART IV, LINE 3: THE UNIVERSITY HAD AN OWNERSHIP INTEREST IN A FOREIGN CORPORATION DURING THE YEAR BUT WAS NOT REQUIRED TO FILE FORM 5471. PART IV, LINE 5: THE UNIVERSITY HAD AN OWNERSHIP IN A FOREIGN PARTNERSHIP DURING THE TAX YEAR. THE UNIVERSITY IS NOT REQUIRED TO FILE FORM 8865. X X X X X X X 1 UNITY WRITING LLC 611 CHROME STREET NORTH BRUNSWICK NJ 08902 FUNDRAISING CONSULTING SERVICES 0 12050 24500 -12450 12050 24500 -12450 GOLF OUTING 108557 80505 28052 23991 108557 80505 28052 23991 23991 4061 1 THE COLLEGE OF NEW JERSEY 2000 PENNINGTON ROAD EWING NJ 08618 222797398 STATE OF NEW JERSEY 136262 0 SUPPORT OF GENERAL OPERATIONS BERGEN COMMUNITY COLLEGE 400 PARAMUS ROAD PARAMUS NJ 07652 221820506 STATE OF NEW JERSEY 84543 0 SUPPORT OF GENERAL OPERATIONS 2 INSTITUTIONAL GRANT AID 2709 12609645 ATHLETICS 386 1741550 ENDOWED/FUNDED 414 1359835 TRANSFER SCHOLARSHIP 187 337236 RELIGIOUS GRANTS & DISCOUNTS 13 18635 PART I, LINE 2: THE AID PROVIDED TO THE STUDENTS IS APPLIED BY THE UNIVERSITY DIRECTLY TO THE STUDENTS' ACCOUNT. AS SUCH, NO MONITORING OF THE GRANT FUNDS ARE REQUIRED BECAUSE THE STUDENT MAY ONLY USE THE SCHOLARSHIP FUNDS TO DEFRAY THE COST OF TUITION. DEFRAYED COSTS MAY ALSO INCLUDE LIVING EXPENSES, ROOM AND BOARD. X 1 1 X X X 1 0 0 0 0 0 0 0 0 JOSEPH R MARBACH PHD PRESIDENT 330475 0 0 0 39600 0 10200 0 40016 0 420291 0 0 0 MATTHEW R MANFRA VP, INSTITUTIONAL ADVANCEMENT 194827 0 0 0 8625 0 6040 0 21168 0 230660 0 0 0 JANICE I WARNER PROVOST 182467 0 0 0 0 0 5693 0 26893 0 215053 0 0 0 CHRIS KRZAK VP, ENROLLMENT & RETENTION 121737 0 0 0 40383 0 3717 0 17794 0 183631 0 0 0 JENNIFER J EDMONDS DEAN SOBM & DIGITAL MEDIA 124333 0 0 0 0 0 3926 0 37289 0 165548 0 0 0 KENNETH M KARAMICHAEL ASSOCIATE VP PROF STUDIES 145060 0 0 0 0 0 4379 0 13688 0 163127 0 0 0 JOHN SOMMER CPA INTERIM CFO, THRU 8/31/23 162000 0 0 0 0 0 0 0 0 0 162000 0 0 0 JANET THIEL SR ASSOCIATE VP UNIVERSITY ASSESSMENT 151465 0 0 0 0 0 0 0 255 0 151720 0 0 0 PART I, LINE 1A THE ORGANZIATION PROVIDED DR. JOSEPH R. MARBACH, PH.D., PRESIDENT, A HOUSING ALLOWANCE IN THE AMOUNT OF $30,000. THIS AMOUNT WAS TAXABLE. PART I, LINE 4A CHRIS KRZAK, VP OF ENROLLMENT & RETENTION, RECEIVED A SEVERANCE PAYMENT OF $40,383. A NJ EDUCATION AL FACILITES AUTH 2017G 221829511 64606645A 2017-12-21 14383915 REFUND SERIES 2017 & CONSTRUCTION 1 0 0 B NJ EDUCATIONAL FACILITES AUTH 2016A 221829511 000000000 2016-07-26 20805115 REFUND SERIES 2005 & 2006 0 0 1 C NJ EDUCATIONAL FACILITES AUTH 2016B 221829511 646066F54 2016-12-20 30676062 FINANCE CAPITAL IMPROVEMENTS 0 0 1 D NJ EDUCATIONAL FACILITES AUTH 2023A 221829511 646067FWS 2023-10-25 25536938 EQUIPMENT LEASING FUND 0 0 1 A 405000 560000 14608986 191599 4766756 9769377 237552 2024 1 0 1 1 B 732320 802948 1869 802948 2005 1 0 1 1 C 133400 572330 4603 567176 4603 957 2019 0 0 1 1 D 1119337 7670 1100029 19308 2024 0 0 0 1 A 0 0 1 0 0 0 1 0.04000 0 1 B 0 0 0 0 0 0 1 C 0 0 0 0 0 0 1 D 0 0 0 0 0 0 1 A 0 0 0 1 0 0 0 0 1 B 0 0 1 0 0 0 0 0 1 C 0 0 1 0 0 0 0 0 1 D 0 0 1 0 0 0 0 0 1 A 1 B 1 C 1 D 1 PART II, LINE 3 BOND B - NEW JERSEY EDUCATIONAL FACILITES AUTHORITY, HIGHER EDUCATION CAPITAL IMPROVEMENT FUND, SERIES 2016A: PART II, LINE 3, BOND B 2016A IS A POOLED FINANCING BOND. THE PORTION REPORTED ON SCHEDULE K PART II IS REFLECTIVE OF ONLY GEORGIAN COURT UNIVERSITY'S PORTION. PART II, LINE 3 BOND C - NEW JERSEY EDUCATIONAL FACILITIES AUTHORITY, HIGHER EDUCATION CAPITAL IMPROVEMENT FUND, SERIES 2016B: PART II, LINE 3: BOND C 2016B IS A POOLED FINANCING BOND. THE PORTION REPORTED ON SCHEDULE K PART II IS REFLECTIVE OF ONLY GEORGIAN COURT UNIVERSITY'S PORTION. PART II, LINE 3 BOND D - NEW JERSEY EDUCATION FACILITIES AUTHORITY, EQUIPMENT LEASING FUND, SERIES 2023A: PART II, LINE 3: BOND D 2023A IS A POOLED FINANCING BOND. THE PORTION REPORTED ON SCHEDULE K PART II IS REFLECTIVE OF ONLY GEORGIAN COURT UNIVERSITY'S PORTION. PART II, LINE 3 BOND A - NEW JERSEY EDUCATIONAL FACILITES AUTHORITY, PROJECT REVENUE BOND,2017 SERIES PROJECT G. PART II, LINE 3: ALL CONTRACTS FALL UNDERREV. PROC. 97-13 OR ARE INCIDENTAL IN NATURE AND DO NOT CONSTITUTE PRIVATE BUSINESS USE. ARBITRAGE COMPUTATION WAS PREPARED JUNE 2024. DIFFERENCE BETWEEN ISSUE PRICE IN PART A, LINE 1 IS ATTRIBUTABLE TO INVESTMENT EARNINGS. MARIA ALICIA COLON HAS A FAMILY RELATIONSHIP WITH RODRIGO A. COLON, JR., BOARD MEMBER 73009 EMPLOYMENT 0 FORM 990, PART VI, SECTION A, LINE 4 THE UNIVERSITY MADE THE FOLLOWING CHANGES TO ITS BYLAWS: 1. ARTICLE I, GOVERNANCE STRUCTURE OF THE UNIVERSITY: WAS UPDATED TO A SINGLE TIER GOVERNANCE STRUCTURE, CONSISTING OF A BOARD OF TRUSTEES WITH THE RESPONSIBILITIES AND POWERS ENUMERATED IN ARTICLE VI. 2. ARTICLE V, REQUIRED CONSENT FOR CERTAIN MATTERS: WAS ADDED TO DESCRIBE THE ACTIONS THAT REQUIRE APPROVAL OF THE UNIVERSITY'S AFFILIATE CONFERENCE FOR MERCY HIGHER EDUCATION. FORM 990, PART VI, SECTION A, LINE 7B THE FOLLOWING GOVERNANCE DECISIONS REQUIRE APPROVAL BY THE BOARD OF CONFERENCE FOR MERCY HIGHER EDUCATION: APPROVING ANY SALE OR OTHER DISPOSITION OF ALL OR SUBSTANTIALLY ALL OF THE ASSETS OF THE UNIVERSITY, ANY MERGER, CONSOLIDATION, REORGANIZATION, DISSOLUTION, OR LIQUIDATION INVOLVING THE UNIVERSITY, OR ANY OTHER FUNDAMENTAL TRANSACTION AS CONTEMPLATED UNDER THESE BYLAWS OR THE NONPROFIT CORPORATION ACT OF THE STATE OF NEW JERSEY. FORM 990, PART VI, SECTION B, LINE 11B THE UNIVERSITY'S HAS ITS FORM 990 PREPARED BY AN OUTSIDE ACCOUNTING FIRM IN CONJUNCTION WITH THE UNIVERSITY'S FINANCIAL DEPARTMENT. A DRAFT IS PREPARED AND DISTRIBUTED ELECTRONICALLY TO THE FULL FINANCE COMMITTEE FOR REVIEW. THE AUDIT COMMITTEE RECOMMENDS AND APPROVES THE RETURN FOR RELEASE. ONCE THE FORM 990 IS FILED WITH THE IRS, IT IS THEN DISTRIBUTED TO THE FULL BOARD. FORM 990, PART VI, SECTION B, LINE 12C THE UNIVERSITY HAS A WRITTEN CONFLICT OF INTEREST POLICY THAT APPLIES TO OFFICERS, TRUSTEES, AND KEY EMPLOYEES WHO ARE REQUIRED TO DISCLOSE ANNUALLY ANY INTERESTS THAT COULD GIVE RISE TO CONFLICT. THE UNIVERSITY REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH THE INTEREST POLICY. A CONFLICT OF INTEREST MAY ARISE WHEN AN OFFICER, TRUSTEE, OR KEY EMPLOYEE HAS A DIRECT OR INDIRECT FINANCIAL OR OTHER INTEREST THAT MAY (1) IMPAIR OR MAY REASONABLY APPEAR TO IMPAIR HIS OR HER INDEPENDENT, UNBIASED JUDGMENT IN THE DISCHARGE OF HIS OR HER RESPONSIBILITIES TO THE UNIVERSITY; (2) MAY RESULT IN PERSONAL GAIN, OR GAIN TO THE BOARD MEMBER'S FAMILY BY APPARENT USE OF THE TRUSTEE'S ROLE AT THE UNIVERSITY; OR (3) ADVERSELY AFFECTS THE UNIVERSITY'S REPUTATION OR THE PUBLIC'S CONFIDENCE IN ITS INTEGRITY. TRUSTEES SHALL DISCLOSE TO THE BOARD OF TRUSTEES OR MEMBERS OF COMMITTEES WITH BOARD OF TRUSTEES DELEGATED POWERS AS APPLICABLE ANY ACTUAL, APPARENT, OR POSSIBLE CONFLICT OF INTEREST AT THE EARLIEST PRACTICAL TIME. A TRUSTEE WHO HAS MADE SUCH A DISCLOSURE SHALL ABSTAIN FROM VOTING ON SUCH MATTERS. FORM 990, PART VI, SECTION B, LINE 15 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 OF ORGANIZATION IS REASONABLE GIVEN THE MARKET IN WHICH THE UNIVERSITY OPERATES. CEO COMPENSATION: THE EXECUTIVE COMMITTEE OF THE BOARD REVIEWS THE COMPENSATION PACKAGE OF THE PRESIDENT ANNUALLY AT ITS JUNE MEETING. COMPENSATION LEVEL IS DECIDED UPON UTILIZING COMPARATIVE DATA RECEIVED FROM THE HUMAN RESOURCE DEPARTMENT. OFFICER POSITIONS ARE ASSIGNED A SALARY RANGE BY THE PRESIDENT USING A COMPENSATION STUDY DONE BY AN OUTSIDE FIRM. THE EXECUTIVE COMMITTEE OF THE BOARD ALSO REVIEWS THE COMPENSATION FOR THESE EMPLOYEES WHO ARE CONSIDERED HIGHEST-PAID EMPLOYEES. THE OFFICERS RESIDE ON THE PRESIDENT'S ADMINISTRATIVE TEAM, CATEGORIZED AS THE EXECUTIVE LEVEL OF THE UNIVERSITY. THIS PROCESS WAS LAST UNDERTAKEN IN 2023 WITH THE HIRING OF THE SENIOR VICE PRESIDENT OF FINANCE. FORM 990, PART VI, SECTION C, LINE 19 THE UNIVERSITY MAKES ITS FORM 990, FORM 990-T, FORM 1023, GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: LOSS ON DISPOSAL -1,597,949. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENT 70,578. FORM 990, PART XII, LINE 2C: THE FINANCE COMMITTEE OF THE BOARD OF TRUSTEES ASSUMES RESPONSIBILITY FOR THE OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THIS PROCESS HAS NOT CHNAGED FROM THE PRIOR YEAR.