2023-05-11T15:54:01-05:00 2022-06-30 BDO USA LLP 421 FAYETTEVILLE STREET SUITE 300 RALEIGH NC 27601 990 2021-07-01 210634981 GEORGIAN COURT UNIVERSITY % JOHN SOMMER GEOR 7329872200 900 LAKEWOOD AVENUE LAKEWOOD NJ 08701 JOHN SOMMER Interim VP Fin&Admin 7329872218 2023-05-11 true JOHN SOMMER 999009999 Sandra L Feinsmith P01064157 9192781936 2023-05-09 3 2021 2023-04-26 12:10:37Z Joseph R Marbach 900 LAKEWOOD AVENUE LAKEWOOD NJ 08701 95313566 false X WWW.GEORGIAN.EDU X 1908 NJ GEORGIAN COURT OFFERS A COMPREHENSIVE LIBERAL ARTS EDUCATION IN THE ROMAN CATHOLIC TRADITION. FOR MORE INFORMATION SEE SCHEDULE O. 25 24 775 62 93802 0 8524252 4909322 53689439 51410020 4020831 13428399 201498 280053 66436020 70027794 17987705 17128793 0 0 23697644 25357737 26220 27220 1645229 20959724 25388432 62671293 67902182 3764727 2125612 136690213 127824827 32622601 33923273 104067612 93901554 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. FOR MORE INFORMATION SEE SCHEDULE O. false false 36653847 17128793 51613048 INSTRUCTIONAL DEGREE PROGRAM - IN 2021-2022, GEORGIAN COURT ENROLLED 2,126 STUDENTS IN MORE THAN 30 UNDERGRADUATE AND OVER 10 DISTINCTIVE GRADUATE PROGRAMS THROUGH THE SCHOOL OF BUSINESS AND DIGITAL COMMUNICATION, THE SCHOOL OF EDUCATION, THE HACKENSACK MERIDIAN HEALTH SCHOOL OF NURSING & WELLNESS, AND THE SCHOOL OF ARTS AND SCIENCES. FOR MORE INFORMATION SEE SCHEDULE O. 8035742 0 0 STUDENT SERVICE SUPPORT - OTHER EXPENDITURES TO SUPPORT THE OPERATION OF OFFICES DEDICATED TO STUDENT SERVICE ACTIVITIES. 3075924 0 0 STUDENT ATHLETES & PROGRAMS - AS A MEMBER OF THE CENTRAL ATHLETIC COLLEGIATE CONFERENCE, GCU HAD 300 ATHLETES PARTICIPATING IN NCAA DIVISION II SPORTS, FOR MORE INFORMATION SEE SCHEDULE O. 47765513 true true false true false false false false false true true true false false true true true false true false true false true true true false false false true true true false false false false false false false false false false false false false false false true true true false false true 127 0 true 775 true true true false false false false true true false false false false false false X 25 24 false false false false false true true true true false false true true true true true true true true false KY MD MA MI NH NY OH OK OR PA TN X JOHN SOMMER 7329872416 900 LAKEWOOD AVENUE Lakewood NJ 08701 X Joseph R Marbach PRESIDENT 35.0 0.0 X X 335881 0 26076 Amy Bosio VP FIN. & ADMINISTRATION/CFO 35.0 0.0 X 234000 0 15176 Matthew Manfra VP Institutional Advancement 35.0 0.0 X 209000 0 24357 Janice Warner Provost 35.0 0.0 X 188500 0 24091 Chris Krzak VP Enrollment & Retention 35.0 0.0 X 154126 0 10323 Janet Sr Thiel Asst. VP of University Assess. 35.0 0.0 X 145247 0 0 Jennifer Edmonds Dean, Sch. of Bus. & Digital M 35.0 0.0 X 137719 0 2167 Joseph Michael Monahan Professor 35.0 0.0 X 125851 0 9692 Dawn Burdsall Associate VP Finance & Admin 35.0 0.0 X 128333 0 2334 Theresa J Brown Professor 35.0 0.0 X 126836 0 1654 Robert E Mulcahy III BOARD CHAIR 1.0 0.0 X 0 0 0 Julia A Upton RSM PhD BOARD VICE CHAIR 1.0 0.0 X 0 0 0 James E Andrews INDIVIDUAL TRUSTEE 1.0 0.0 X 0 0 0 Nina Anuario INDIVIDUAL TRUSTEE 1.0 0.0 X 0 0 0 Michele Teresa Aronica RSM INDIVIDUAL TRUSTEE 1.0 0.0 X 0 0 0 Theresa M Brodrick PhD INDIVIDUAL TRUSTEE 1.0 0.0 X 0 0 0 The Honorable Jeffrey Chiesa INDIVIDUAL TRUSTEE 1.0 0.0 X 0 0 0 Francis G Coleman INDIVIDUAL TRUSTEE 1.0 0.0 X 0 0 0 Alicia Cook INDIVIDUAL TRUSTEE 1.0 0.0 X 0 0 0 James H Dickerson Jr INDIVIDUAL TRUSTEE 1.0 0.0 X 0 0 0 Chris Domes EdD INDIVIDUAL TRUSTEE 1.0 0.0 X 0 0 0 Madeline Farraro Esq INDIVIDUAL TRUSTEE 1.0 0.0 X 0 0 0 Msgr R Vincent Gartland INDIVIDUAL TRUSTEE 1.0 0.0 X 0 0 0 Patricia Smith Heanue TRUSTEE EMERITA 1.0 0.0 X 0 0 0 Joyce A Heckman INDIVIDUAL TRUSTEE 1.0 0.0 X 0 0 0 Robert H Hutchins INDIVIDUAL TRUSTEE 1.0 0.0 X 0 0 0 Patricia E Koch Esq TRUSTEE EMERITA 1.0 0.0 X 0 0 0 Michael J Laferrera INDIVIDUAL TRUSTEE 1.0 0.0 X 0 0 0 Mary K E Maples Esq INDIVIDUAL TRUSTEE 1.0 0.0 X 0 0 0 Kerry Anne McGeary PhD INDIVIDUAL TRUSTEE 1.0 0.0 X 0 0 0 Judith Persichilli RNBSNMA INDIVIDUAL TRUSTEE 1.0 0.0 X 0 0 0 Amelia A McTamaney TRUSTEE EMERITA 1.0 0.0 X 0 0 0 Elizabeth Healey Mulvihill TRUSTEE EMERITA 1.0 0.0 X 0 0 0 Linda M Orlando TRUSTEE EMERITA 1.0 0.0 X 0 0 0 Tammi C Redd PhD INDIVIDUAL TRUSTEE 1.0 0.0 X 0 0 0 Mark N Ricca INDIVIDUAL TRUSTEE 1.0 0.0 X 0 0 0 Megan E Mulcahy Romano INDIVIDUAL TRUSTEE 1.0 0.0 X 0 0 0 Reverend MSGR Joseph N Rosie INDIVIDUAL TRUSTEE 1.0 0.0 X 0 0 0 Edward Smith INDIVIDUAL TRUSTEE 1.0 0.0 X 0 0 0 Patricia A Talone RSM PhD INDIVIDUAL TRUSTEE 1.0 0.0 X 0 0 0 M Deborah Hanley Williams TRUSTEE EMERITA 1.0 0.0 X 0 0 0 1785493 0 115870 30 false true false ARAMARK SERVICES INC PO BOX 978839 DALLAS TX 753978839 FACILITIES & DINING 2897372 ELLUCIAN COMPANY LP 4 Country View Road MALVERN PA 19355 Management Services 1156024 EAB GLOBAL PO Box 603519 CHARLOTTE NC 282603519 Consultant 697899 KIMMEL BOGRETTE 482 Norristown Road suite 200 BLUE BELL PA 19422 Architect 627759 MCMANNESS MATTHEW S 34 SEA STRAND COURT REHOBOTH BEACH DE 19971 CONSULTANT 332500 9 106910 2038805 2763607 12830 4909322 TUITION AND FEES 900099 47553490 47553490 RESIDENCE HALLS AND DINING SERVICES 900099 3826791 3826791 BOOKSTORE COMMISSION 900099 29739 29739 51410020 5112678 8006 5104672 0 0 39176 1847 0 0 39176 1847 41023 41023 22021902 11537180 20346349 4897012 1675553 6640168 8315721 8315721 31875 106910 41528 -9653 -9653 1765 883 882 882 0 0 0 OTHER STUDENT ACTIVITIES/MISCELLANEOUS 900099 174528 174528 CATERING 900099 44773 44773 TRUST INCOME 900099 28500 28500 247801 70027794 51613048 93802 13411622 0 15553498 15553498 1575295 1575295 0 1257937 387663 642897 227377 52610 52610 18866919 15792708 2477272 596939 434291 328855 89335 16101 3117315 2125132 857979 134204 1628665 1330193 233181 65291 2846424 51500 2794924 115364 115364 98741 98741 27398 27398 27220 27220 259200 259200 1496207 30500 1153778 311929 1782085 1320554 449720 11811 882803 715483 139449 27871 2466789 910254 1483939 72596 0 1557059 338284 1218775 430541 405670 8457 16414 0 113689 100722 10784 2183 1261722 1261722 0 3566414 3553762 12652 981248 44379 936869 STUDENT PROGRAMS&SERVICES 2072854 2046072 26782 DINING HALL 1971485 1971485 PROFESSIONAL SERVICES 1126868 1126868 DUES & MEMBERSHIPS 534165 395819 125344 13002 1797376 1161969 525768 109639 67902182 47765513 18491440 1645229 0 0 4974330 15712793 5469075 893717 997132 958432 0 0 0 0 0 0 0 0 649277 877806 119362096 63602264 59023527 55759832 52439566 42796810 12498375 10164237 0 0 0 0 638931 661200 136690213 127824827 5856711 7844847 0 0 188673 652746 14312983 14075569 0 0 0 0 68286 57806 0 0 12195948 11292305 32622601 33923273 X 70114402 62859721 33953210 31041833 104067612 93901554 136690213 127824827 X 2125612 -12267327 -24343 X false true X true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false true false false false false true 523 false true 26875 27398 false SCHEDULE C, PART II-B, LINE 1: THE UNIVERSITY ENGAGED MWW PUBLIC AFFAIRS TO UNDERTAKE LOBBYING AND GRANT-WRITING ASSISTANCE. THE TOTAL FEES PURSUANT TO THIS CONTRACT FOR THE YEAR ENDED JUNE 30, 2022 WERE $22,500. THE FIRM EXPENDED 95% EFFORT ON LOBBYING AND 5% ON GRANT-WRITING ASSISTANCE. IN ADDITION, THE UNIVERSITY SECURED THE SERVICES OF KOMJATHY & KEAN LLC ($5,500) FOR STATE ACTIVITIES. UNIVERSITY PERSONNEL AND STUDENTS, DURING THE COURSE OF VARIOUS ACTIVITIES THROUGHOUT THE YEAR, MEET WITH LEGISLATORS TO DISCUSS EDUCATIONAL RELATED TOPICS. LINE 1G 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'S PORTION OF DUES ATTRIBUTABLE TO LOBBYING ACTIVITIES TOTALED $523. THIS DOES NOT CONSTITUTE A SUBSTANTIAL PORTION OF THE UNIVERSITY'S ACTIVITIES. 60924548 161844 -5739453 1931178 53415761 52634180 512496 12491288 4713416 60924548 58402612 182869 944249 6895550 52634180 58245672 300681 2447044 2590785 58402612 55952983 313705 3914544 1935560 58245672 0.44120 0.26470 0.29410 false false 2720405 2720405 86814282 40745545 46068737 2164446 2134562 29884 21505599 19337860 2167739 6157364 1384297 4773067 55759832 INVESTMENTS HELD BY TRUSTEES 4056103 F CORE PROPERTIES FUNDS 1717846 F STRUCTURED CREDIT FUND 1579085 F PRIVATE EQUITY FUND 1422973 F SPECIAL SITUATIONS FUNDS 1388230 F 10164237 0 BONDS PAYABLE 9765432 COND. ASSET RETIR. OBLIGATION 1342669 OTHER LIABILITIES 164355 ANNUITY PAYMENT LIABILITY 19849 11292305 X 40348131 -12267327 -24343 -12291670 52639801 259200 17128793 17387993 70027794 50514189 50514189 259200 17128793 17387993 67902182 ENDOWMENT FUNDS FORM 990, SCHEDULE D, 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 UP 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. INCOME TAXES FORM 990, SCHEDULE D, 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, 2022 AND 2021. RECONCILIATION OF REVENUE FORM 990, SCHEDULE D, PART XI, LINE 2D SPLIT INTEREST AGREEMENT ($24,343) FORM 990, SCHEDULE D, PART XI, LINE 4B SCHOLARSHIP EXPENSE (RECLASS) $17,128,793 RECONCILIATION OF EXPENSES FORM 990, SCHEDULE D, PART XII, LINE 4B SCHOLARSHIP EXPENSE (RECLASS) $17,128,793 true true true true true true true false false false false false false false false true false true NONDISCRIMINATION POLICY 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. FINANCIAL AID OR ASSISTANCE FROM A GOVERNMENTAL AGENCY FORM 990, SCHEDULE E, PART I, LINE 6A U.S. DEPARTMENT OF JUSTICE GRANTS TO REDUCE DOMESTIC VIOLENCE, DATING VIOLENCE, SEXUAL ASSAULT, AND STALKING ON CAMPUS U.S. DEPARTMENT OF TREASURY PASS-THROUGH FROM STATE OF NEW JERSEY, OFFICE OF THE SECRETARY OF HIGHER EDUCATION COVID-19 - CORONAVIRUS RELIEF FUND U.S. DEPARTMENT OF EDUCATION HIGHER EDUCATION INSTITUTIONAL AID TRIO STUDENT SUPPORT SERVICES - TRIO CLUSTER STUDENT FINANCIAL ASSISTANCE CLUSTER - FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANT FEDERAL WORK STUDY PROGRAM FEDERAL PELL PROGRAM FEDERAL DIRECT STUDENT LOANS TEACHER EDUCATION ASSISTANCE FOR COLLEGE AND HIGHER EDUCATION GRANTS (TEACH) TRANSITION PROGRAMS FOR STUDENTS WITH INTELLECTUAL DISABILITIES INTO HIGHER EDUCATION COVID-19 - HIGHER EDUCATION EMERGENCY RELIEF FUND - STUDENT AID PORTION COVID-19 - HIGHER EDUCATION EMERGENCY RELIEF FUND - INSTITUTIONAL PORTION COVID-19 - HIGHER EDUCATION EMERGENCY RELIEF FUND - STRENGTHENING INSTITUTIONS PORTION HIGHER EDUCATION STUDENT ASSISTANCE AUTHORITY TUITION AID GRANT NJ STARS PROGRAM COMMISSION ON HIGHER EDUCATION EDUCATIONAL OPPORTUNITY FUND EDUCATIONAL OPPORTUNITY FUND - SUMMER EDUCATIONAL OPPORTUNITY FUND - WINTER OTHER COMMISSION ON HIGHER EDUCATION ASSISTANCE EDUCATION OPPORTUNITY FUND - ARTICLE IV NEW JERSEY DEPARTMENT OF HUMAN SERVICES VOCATIONAL REHABILITATION DIRECT SERVICES NEW JERSEY DEPARTMENT OF HEALTH, OFFICE OF TOBACCO CONTROL, NUTRITION AND FITNESS NJ COLLEGES & UNIVERSITIES IMPLEMENTING TOBACCO & SMOKE-FREE POLICIES NEW JERSEY DEPARTMENT OF THE TREASURY - HIGHER EDUCATION ADMINISTRATION AID TO INDEPENDENT COLLEGES & UNIVERSITIES true Europe (Including Iceland and Greenland) 0 0 Grantmaking 886068 North America 0 0 Grantmaking 394971 Sub-Saharan Africa 0 0 Grantmaking 143941 East Asia and the Pacific 0 0 Grantmaking 100678 South America 0 0 Grantmaking 49637 0 0 0 0 1575295 1575295 Grantmaking Europe (Including Iceland and Greenland) 24 886068 CREDIT ACCT Grantmaking North America 12 394971 CREDIT ACCT Grantmaking Sub-Saharan Africa 3 143941 CREDIT ACCT Grantmaking East Asia and the Pacific 2 100678 CREDIT ACCT Grantmaking South America 1 49637 CREDIT ACCT false false false false false false SCHEDULE F, PART I, LINE 2: THE UNIVERSITY GRANTS LISTED ON SCHEDULE F REPRESENT INSTITUTIONAL AID PROVIDED TO STUDENTS WHO MATRICULATE AT THE UNIVERSITY. 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. X X X X X X X true Ruffalo Noel Levitz fundraising false 12495 25720 -13225 12495 25720 -13225 AL AK AR CA CO CT DC FL GA HI IL KS KY LA ME MD MA MI MN MS MO NV NH NJ NM NY NC ND OH OK OR PA RI SC TN UT VA WA WV WI GOLF OUTING 117845 91863 25982 31028 ATHLETICS GOLF 20940 15047 5893 10500 0 138785 106910 31875 41528 41528 -9653 900 LAKEWOOD AVENUE LAKEWOOD NJ 08701 true INSTITUTIONAL GRANT AID 2260 9994559 TRANSFER SCHOLARSHIP 494 2388003 ATHLETICS 431 1919192 Endowed/Funded 466 1103617 RELIGIOUS GRANTS & DISCOUNTS 118 148127 MONITORING OF FUNDS SCHEDULE I, PART I, LINE 2 THE UNIVERSITY GRANTS LISTED ON SCHEDULE I REPRESENT SCHOLARSHIPS OFFERED TO STUDENTS WHO MATRICULATE AT THE UNIVERSITY. 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. X X X X X false false false false false false false false false Joseph R Marbach PRESIDENT 335881 0 0 0 0 0 4814 0 21262 0 361957 0 0 0 Amy Bosio VP FIN. & ADMINISTRATION/CFO 234000 0 0 0 0 0 3000 0 12176 0 249176 0 0 0 Matthew Manfra VP Institutional Advancement 209000 0 0 0 0 0 3094 0 21263 0 233357 0 0 0 Janice Warner Provost 188500 0 0 0 0 0 2828 0 21263 0 212591 0 0 0 Chris Krzak VP Enrollment & Retention 154126 0 0 0 0 0 2312 0 8011 0 164449 0 0 0 A New Jersey Educational Facilities Authority 2017G 221829511 64606645A 2017-12-21 14383915 REFUND SERIES 2007 & CONSTRUCTION false false false B New Jersey Educational Facilities Auth 2014D 221829511 646066DG2 2014-04-29 19369367 REFUND 2004 ISSUE & CONSTRUCTION false false true C New Jersey Educational Facilities Authority 2016A 221829511 000000000 2016-07-26 20805115 REFUND SERIES 2005 & 2006 false false true D NEW JERSEY EDUCATIONAL FAC AUTH 2016B 221829511 646066F54 2016-12-20 30676062 FINANCE CAPITAL IMPROVEMENTS false false true A 295000 0 14383915 0 0 0 191599 0 0 5026650 916566 0 true true true true B 944442 0 944442 0 0 0 5526 0 0 751266 187650 0 2014 false true true true C 459321 0 802948 0 0 0 1869 0 0 0 801079 0 true false true true D 409275 0 572736 0 0 0 4603 0 0 504176 0 63957 false false false A false false true true false 0 false false false true B false false false false 0 false false false true C false false false false 0 false false false true D false false false 0 false false false true A false true false false 0 false 0 false true B false true false false 0 false 0 false true C false true false false 0 false 0 false true D false true false false 0 false 0 false true A true B true C true D true SCHEDULE K, PART I BOND A - NEW JERSEY EDUCATIONAL FACILITIES AUTHORITY, PROJECT REVENUE BONDS, 2017 SERIES PROJECT G. PART III, LINE 3A: ALL CONTRACTS FALL UNDER REV. PROC. 97-13 OR ARE INCIDENTAL IN NATURE AND DO NOT CONSTITUTE PRIVATE BUSINESS USE. BOND B - NEW JERSEY EDUCATIONAL FACILITIES AUTHORITY, HIGHER EDUCATION CAPITAL IMPROVEMENT FUND, SERIES 2014 D: PART II, LINE 3: BOND B 2014D IS A POOLED FINANCING BOND. THE PORTION REPORTED ON SCHEDULE K PART II IS REFLECTIVE OF ONLY GEORGIAN COURT UNIVERSITY'S PORTION. PART IV, LINE 2C: BOND B 2014D THE LAST COMPUTATION WAS DONE 07/06/2015. BOND C - NEW JERSEY EDUCATION FACILITIES AUTHORITY, HIGHER EDUCATION CAPITAL IMPROVEMENT FUND, SERIES 2016 A: PART II, LINE 3: BOND C 2016A IS A POOLED FINANCING BOND. THE PORTION REPORTED ON SCHEDULE K PART II IS REFLECTIVE OF ONLY GEORGIAN COURT UNIVERSITY'S PORTION. BOND D - NEW JERSEY EDUCATION FACILITIES AUTHORITY, HIGHER EDUCATION CAPITAL IMPROVEMENT FUND, SERIES 2016 B: PART II, LINE 3: BOND D 2016B IS A POOLED FINANCING BOND. THE PORTION REPORTED ON SCHEDULE K PART II IS REFLECTIVE OF ONLY GEORGIAN COURT UNIVERSITY'S PORTION. ORGANIZATION'S MISSION FORM 990, PART I, LINE 1 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. FORM 990, PART III, LINE 4A INSTRUCTIONAL DEGREE PROGRAM IN 2021-22 GEORGIAN COURT UNIVERSITY ENROLLED 2,126 STUDENTS IN MORE THAN 30 UNDERGRADUATE AND OVER 10 DISTINCTIVE GRADUATE PROGRAMS THROUGH THE SCHOOL OF BUSINESS AND DIGITAL COMMUNICATION, THE SCHOOL OF EDUCATION, THE HACKENSACK MERIDIAN HEALTH SCHOOL OF NURSING & WELLNESS, AND THE SCHOOL OF ARTS AND SCIENCES. THE UNIVERSITY'S FASTEST-GROWING AND MOST COMPETITIVE DEGREE PROGRAM, THE BACHELOR OF SCIENCE IN NURSING (BSN), BENEFITS FROM ITS PARTNERSHIP WITH HACKENSACK MERIDIAN HEALTH, ONE OF THE LARGEST HEALTHCARE NETWORKS IN NEW JERSEY. GCU CONTINUES TO MEET MARKETPLACE DEMANDS AND IN 2021-22 ADDED A DIRECT ENTRY MSN AS THE UNIVERSITY CONTINUES TO WORK TO ADDRESS THE NATIONAL SHORTAGE OF NURSES. THE 2021-22 ACADEMIC YEAR ALSO SAW THE GRADUATION OF GCU'S FIRST DOCTORAL STUDENTS ENROLLED IN THE PSY.D. PROGRAM, WITH A CONCENTRATION IN SCHOOL COUNSELING. 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 2021-22 ACADEMIC YEAR, GCU'S UNDERGRADUATE POPULATION WAS 71% FEMALE AND 29% MALE WITH MEN PARTICIPATING IN SPORTS, STUDENT ACTIVITIES, CAMPUS MINISTRY, CAMPUS LEADERSHIP, AND RESIDENCE LIFE. 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 THEM TO MAKE MEANINGFUL CONTRIBUTIONS IN THEIR CAREERS, IN COMMUNITIES AND IN THE LIVES OF OTHERS. AT THE SAME TIME, GCU EMPHASIZES THE IMPORTANCE OF FORMATION, WHOLE-PERSONHOOD AND EXPERIENCES THAT HELP STUDENTS BECOME JUST AND COMPASSIONATE MEMBERS OF SOCIETY. THE GCU OFFICE OF MISSION OFTEN LEADS THESE EFFORTS THROUGH SPECIAL PROGRAMMING, COLLOQUIA FOCUSED ON CATHOLIC INTELLECTUAL TRADITION, AND BY CREATING EXPERIENTIAL OPPORTUNITIES FOR STUDENTS. AS A ROMAN CATHOLIC UNIVERSITY, GCU WELCOMES STUDENTS FROM ALL RELIGIOUS, ETHNIC, AND SOCIOECONOMIC BACKGROUNDS. THE ENTIRE GCU COMMUNITY BENEFITS FROM THE UNIVERSITY'S EMBRACE OF ITS MERCY CORE VALUES OF RESPECT, INTEGRITY, JUSTICE, COMPASSION, AND SERVICE. GCU WAS ACKNOWLEDGED DURING THE 2021-22 ACADEMIC YEAR BY U.S. NEWS & WORLD REPORT IN ITS BEST REGIONAL UNIVERSITIES NORTH RANKINGS. AT #101, THE IMPROVED RANKINGS (UP FROM #109), ALSO NOTED THE UNIVERSITY AS A TOP PERFORMER IN THE SOCIAL MOBILITY CATEGORY AGAIN. THE STUDENT EXPERIENCE GEORGIAN COURT UNIVERSITY EXCELS AT DELIVERING A CURRICULUM THAT IS DESIGNED TO ENGAGE STUDENTS AND ALLOWS FOR PERSONAL AND PROFESSIONAL EXPLORATION IN THEIR COURSEWORK IN AND OUTSIDE THE CLASSROOM. GCU'S SMALL STUDENT-FACULTY RATIO OF 11:1 ALLOWS STUDENTS TO LEARN IN HIGHLY PERSONALIZED CLASSES AND ENABLES STUDENTS TO DO WELL-BEYOND ACADEMICS- BECAUSE OF HIGH-IMPACT LEARNING PRACTICES. THESE INCLUDE LEARNING COMMUNITIES, SERVICE LEARNING, RESEARCH WITH FACULTY, STUDY ABROAD, INTERNSHIPS AND SENIOR CAPSTONES. SUCH HIGH-IMPACT PRACTICES (HIIP) ARE A STRENGTH AT GEORGIAN COURT. ONE SIGNIFICANT EXAMPLE OF HIGH-IMPACT PRACTICES IN ACTION WAS THE WORK OF GCU NURSING STUDENTS THROUGHOUT THE PANDEMIC. GCU'S LEARNING ENVIRONMENT, ITS APPROACHABLE FACULTY AND ITS EXTENSIVE RANGE OF PROGRAMS AIMED AT ENSURING STUDENT SUCCESS ARE IMPORTANT TO ALL LEARNERS. THEY ARE CRITICAL, HOWEVER, TO THOSE WHO ARE FIRST IN THEIR FAMILIES TO ATTEND COLLEGE. ABOUT 36 PERCENT OF ALL GCU STUDENTS IN 2021-22 WERE FIRST-GENERATION COLLEGE STUDENTS. THIS APPROACH IS ALSO IMPORTANT TO THE SUCCESS OF GCU STUDENTS FROM LOWER-INCOME FAMILIES, INCLUDING THE 40 PERCENT OF STUDENTS WHO RECEIVED FEDERAL PELL GRANTS IN 2021-22. ALSO IN 2021-22, GCU LAUNCHED THE TRANSITION AND CAREER STUDIES PROGRAM WHICH ENROLLED FOUR STUDENTS WITH INTELLECTUAL DISABILITIES. THIS INAUGURAL CLASS HAS THE OPPORTUNITY TO LIVE ON CAMPUS, ATTEND CAMPUS EVENTS AND PARTICIPATE IN STUDENT ACTIVITIES. ACCOLADES GEORGIAN COURT RECEIVED SEVERAL ACCOLADES IN 2021-22, INCLUDING BEING AMONG THE BEST INSTITUTIONS IN THE NORTHEAST REGION, AS RANKED BY U.S. NEWS & WORLD REPORT. THE MAGAZINE ALSO AGAIN NOTED GCU'S ABILITY TO HELP STUDENTS FROM MODEST FINANCIAL BACKGROUNDS MOVE INTO THE MIDDLE CLASS. IN 2022, MONEY MAGAZINE RANKED GCU AS THE #1 CATHOLIC UNIVERSITY FOR VALUE NOTING THE UNIVERSITY'S AFFORDABILITY AND THE EARLY CAREER EARNINGS OF GRADUATES. GEORGIAN COURT UNIVERSITY WAS ONCE AGAIN RECOGNIZED BY COLLEGES OF DISTINCTION, WHICH ASSESSES HIGHER EDUCATION INSTITUTIONS IN FOUR AREAS THAT REFLECT A FULFILLING UNDERGRADUATE EDUCATION: STUDENT ENGAGEMENT, TEACHING, COMMUNITY, AND OUTCOMES. GROWTH, RETENTION AND ACHIEVEMENT VIA A HISTORIC LAND SALE, GCU HAS BEEN ABLE TO JUMPSTART THE CAMPUS MASTER PLAN WHICH INCLUDES THE BUILDING OF A NEW NURSING AND HEALTH SCIENCE BUILDING. THIS MULTI-STORY FACILITY WILL ALLOW FOR ADDITIONAL GROWTH IN NURSING AND HEALTH PROFESSIONS IN ORDER TO BETTER MEET THE NEED FOR HEALTH CARE PROFESSIONALS IN NJ. GCU'S MOMENTUM WAS NOT LIMITED TO ITS HISTORIC LAKEWOOD CAMPUS. DURING 2021-22, GCU CONTINUED TO ATTRACT SOCIAL WORK MAJORS AT THE UNIVERSITY'S CUMBERLAND COUNTY SITE, AND OTHER MAJORS TO THE UNIVERSITY'S PARTNER CAMPUS, BROOKDALE COMMUNITY COLLEGE. THE UNIVERSITY'S GRADUATE PROGRAMS CONTINUED TO THRIVE ONLINE, WHICH ALLOWS FOR ENROLLMENTS FROM CAREER PROFESSIONALS FROM ACROSS NEW JERSEY AND BEYOND. THE UNIVERSITY'S NEWLY ESTABLISHED CENTER FOR PROFESSIONAL STUDIES (CPS) CONTINUED TO PROVIDE EXECUTIVE AND CONTINUING EDUCATION COURSES IN SUCH AREAS AS HUMAN RESOURCES MANAGEMENT, EDUCATION AND DIVERSITY IN THE WORKPLACE. PROGRAMMING TO SUPPORT LATINX STUDENTS CONTINUES WITH AVANZANDO, AN OUTGROWTH OF THE NATIONALLY ESTABLISHED UNIDOS-US ORGANIZATION. AVANZANDO FACILITATED WORKSHOPS, EXPERIENCES AND RESOURCES TO GCU STUDENTS WHO IDENTIFY AS LATINO. GRANTS & GIVING THE OFFICE OF INSTITUTIONAL ADVANCEMENT FOCUSED ON AGGRESSIVE, BUT ATTAINABLE FUNDRAISING TARGETS WHICH RESULTED IN THE STRONGEST FUNDRAISING YEAR IN OVER A DECADE, ECLIPSING LAST YEAR'S RECORDS. THIS INCLUDED RECORD-SETTING FUNDRAISING FROM PLANNED GIVING, CORPORATE AND FOUNDATION DONORS. INSTITUTIONAL ADVANCEMENT RAISED NEARLY $3M UP FROM $2.3M THE YEAR BEFORE. INCLUDED IN THIS FUNDRAISING ATTAINMENT WERE KEY GIFTS SUPPORTING NURSING & HEALTH PROFESSIONS, GLOBAL EDUCATION AND GENERAL STUDENT SCHOLARSHIPS HELPING TO MAINTAIN THE UNIVERSITY'S AFFORDABILITY AND ACCESS TO ECONOMIC MOBILITY. DURING THIS TIME, GCU RECEIVED OVER $1M IN COMPETITIVE GOVERNMENT GRANTS, WHICH CONTINUES A TREND OF THE UNIVERSITY CONSISTENTLY BEING AWARDED OVER A MILLION DOLLARS PER ANNUM. COMMITMENT TO CORE VALUES THROUGH SERVICE SERVICE, A GCU CORE VALUE, IS EMBEDDED IN EXPERIENCES THROUGHOUT THE CURRICULUM AND STUDENT LIFE. THE 2021-22 YEAR BROUGHT REPEAT HONORS FROM THE NCAA'S 'HELPER HELPER' COMPETITION; EACH YEAR GCU ATHLETES PARTICIPATE IN THE NATIONAL PROGRAM BY VOLUNTEERING IN THE COMMUNITY. EIGHT GCU STUDENTS TRAVELED TO GHANA TO PROVIDE HEALTH CARE CHECKS TO OVER 850 GHANAIANS, ATTENDING TO TWO BIRTHS DURING THEIR SERVICE TRIP. HUNDREDS OF OTHER STUDENTS GAVE BACK TO THE COMMUNITY THROUGH VOLUNTEERISM WITH CAMPUS MINISTRY, THE COUNCIL FOR DIVERSITY AND INCLUSION, THE SOCIAL WORK CLUB, THE EDUCATION CLUB, AND VARIOUS ACADEMIC CLASSES. THE GRADUATING CLASS OF 2022 CONTINUED THE SERVICE TRADITION OF ASSEMBLING MEAL KITS FOR NEEDY, INTERNATIONAL FAMILIES. ADDITIONALLY, STUDENTS ADDRESSED LOCAL FOOD INSECURITY ISSUES BY GROWING SERVICES OFFERED BY THE GCU CAMPUS FOOD PANTRY, WHICH RECEIVED ITS FIRST MAJOR GIFT COMMITMENT BY AN ALUMNUS. STUDENT NEED AT GCU IN 2021-22, ABOUT 99 PERCENT OF FULL-TIME FIRST-YEAR STUDENTS RECEIVED FINANCIAL AID, WITH OVER $20M BEING AWARDED VIA UNIVERSITY AID AND DONOR-FUNDED SCHOLARSHIPS. FORM 990, PART III, LINE 4C STUDENT ATHLETES & PROGRAMS AS A MEMBER OF THE CENTRAL ATHLETIC COLLEGIATE CONFERENCE, GCU HAD OVER 270 ATHLETES PARTICIPATING IN NCAA DIVISION II SPORTS. PROGRAMS ATTRACTED HIGH ACHIEVING SCHOLAR-ATHLETES IN BASKETBALL, CROSS COUNTRY, LACROSSE, SOCCER, SOFTBALL, VOLLEYBALL, AND BOTH INDOOR AND OUTDOOR TRACK & FIELD. IN 2021-22, 97 FRESHMEN PARTICIPATED IN ATHLETICS, COMPARED TO 75 THE YEAR PRIOR. ATHLETES AT GCU COME TO COLLEGE WELL-PREPARED: THE AVERAGE GPA IN FALL 2021 FOR INCOMING FRESHMEN ATHLETES WAS 3.58. STUDENT-ATHLETES ALSO GRADUATE AT RATES HIGHER THAN THE NATIONAL AVERAGE; AT GCU, THE SIX-YEAR GRADUATION RATE FOR ALL ATHLETES RECEIVING SCHOLARSHIP WAS 69 PERCENT IN 2021-22. FORM 990, PART VI, SECTION A, LINE 7 IN APRIL 2006, THE SISTERS OF MERCY OF THE REGIONAL COMMUNITY OF NEW JERSEY TRANSFERRED THE SPONSORSHIP OF GEORGIAN COURT TO THE CONFERENCE FOR MERCY HIGHER EDUCATION (CMHE). CMHE COORDINATES COLLABORATION AMONG THE 16 MERCY COLLEGES AND UNIVERSITIES THROUGHOUT THE COUNTRY ON BEHALF OF THE INSTITUTE OF THE SISTERS OF MERCY OF THE AMERICAS. GEORGIAN COURT UNIVERSITY HAS A TWO TIERED GOVERNANCE STRUCTURE, THE FIRST TIER CONSISTING OF CMHE (AS THE UNIVERSITY'S SOLE MEMBER) AND THE SECOND BEING THE DULY ELECTED BOARD OF TRUSTEES, WHICH INCLUDES THE PRESIDENT OF THE UNIVERSITY AS AN EX-OFFICIO MEMBER. CONTROL OF THE UNIVERSITY AND ITS AFFAIRS AND PROPERTY IS VESTED IN THE BOARD OF TRUSTEES PURSUANT TO THE UNIVERSITY'S BY-LAWS, SUBJECT TO THE POWERS RESERVED TO CMHE, INCLUDING AMONG OTHERS, THE POWER TO ESTABLISH THE PHILOSOPHY AND MISSION OF THE UNIVERSITY, ELECT OR REMOVE WITH OR WITHOUT CAUSE THE UNIVERSITY PRESIDENT AND MEMBERS OF THE BOARD OF TRUSTEES, APPROVE EXPENDITURES THAT ARE IN EXCESS OF A LEVEL REQUIRING APPROVAL OF THE HOLY SEE AND MERGE, CONSOLIDATE, DISSOLVE, OR CHANGE THE CORPORATE STRUCTURE OF THE UNIVERSITY. EXCEPT TO THE EXTENT RESERVED TO CMHE, THE BOARD OF TRUSTEES IS EMPOWERED TO MANAGE THE PROPERTY AND BUSINESS OF THE UNIVERSITY, INCLUDING WITHIN SUCH AUTHORITY, THE POWER TO DELEGATE SUCH RESPONSIBILITIES AND DUTIES TO THE OFFICERS OF GEORGIAN COURT UNIVERSITY AS THE BOARD OF TRUSTEES DEEMS APPROPRIATE. FORM 990, PART VI, SECTION B, LINE 11B THE UNIVERSITY'S FORM 990 WAS PREPARED BY an INTERNATIONAL PUBLIC ACCOUNTING FIRM IN CONJUNCTION WITH THE UNIVERSITY'S FINANCIAL DEPARTMENT. A DRAFT IS PREPARED AND DISTRIBUTED TO THE FULL AUDIT COMMITTEE FOR REVIEW. THE AUDIT COMMITTEE RECOMMENDS AND APPROVES FOR RELEASE THE FORM 990. THE FORM 990 AS ULTIMATELY FILLED WITH THE IRS IS DISTRIBUTED TO THE FULL BOARD. FORM 990, PART VI, SECTION B, LINE 12 EACH TRUSTEE, OFFICER, AND KEY EMPLOYEE OF THE UNIVERSITY IS REQUIRED TO ANNUALLY DISCLOSE ANY CONFLICTS OF INTEREST THAT ARISE BY VIRTUE OF THEIR EMPLOYMENT, BOARD SERVICE, FAMILY OR BUSINESS RELATIONSHIPS, OR POSITION WITH THE UNIVERSITY. THE UNIVERSITY MONITORS COMPLIANCE WITH ITS CONFLICT OF INTEREST POLICY THROUGH A CONFLICT OF INTEREST STATEMENT THAT IS COMPLETED BY EACH BOARD MEMBER AT THE ANNUAL JUNE MEETING. THESE ARE REVIEWED BY THE EXECUTIVE COMMITTEE OF THE BOARD. IN ADDITION TO BOARD MEMBERS, EXECUTIVE LEVEL AND FINANCE STAFF, ALL THOSE IN POSITIONS IDENTIFIED BY FUNCTION TO HAVE POSSIBLE INFLUENCE WITH CONTRACT, FINANCIAL TRANSACTIONS OR SYSTEMS WITHIN THE UNIVERSITY, COMPLETE THE QUESTIONNAIRE ANNUALLY. THESE ARE REVIEWED BY THE CHIEF FINANCIAL OFFICER AND DIRECTOR OF HUMAN RESOURCES. ANY DISCLOSED RELATIONSHIPS ARE COMMUNICATED TO THE CONTROLLER FOR THE PURPOSE OF AUDIT, INTERNAL CONTROLS AND COMPLETING THE FORM 990. POTENTIAL CONFLICTS ARE INVESTIGATED IMMEDIATELY. 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 ESTABLISHED BY A COMPENSATION STUDY DONE BY AN OUTSIDE FIRM AND 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. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FINANCIAL STATEMENTS ARE LISTED WITH BOND REPORTING AGENCIES. FORM 990, PART VII THE SISTERS OF MERCY FILL VARIOUS ROLES WITHIN THE UNIVERSITY. SOME POSITIONS, WHICH WOULD OTHERWISE BE FILLED WITH LAY PERSONS, ARE ASSIGNED A VALUE FOR COMPENSATION AND PAYMENTS FOR THESE SERVICES ARE MADE TO THE SISTERS OF MERCY. THIS COMPENSATION IS NOT TREATED AS TAXABLE INCOME TO THE SISTERS SINCE THEY ARE MEMBERS OF A RELIGIOUS ORDER. THEREFORE, SISTERS WHO PROVIDED SERVICES TO THE UNIVERSITY ARE DEEMED TO BE AN INDEPENDENT MEMBERS OF THE GOVERNING BODY FOR PURPOSES OF PART VII OF THE FORM 990. FORM 990, PART XI, LINE 9 CHANGE IN SPLIT INTEREST AGREEMENT ($24,343) Conference for Mercy Higher Education 8630 Fenton Street 934 Silver Spring MD 20190 431973007 Sponsorship MD 501(c)(3) 1 NA false Paul Delaurentis Perpetual Scholarship 400 Locust Street Lakewood NJ 08701 237814490 TRUST NJ Trust 10500 285142 1.00000 true Peter Delaurentis Perpetual Scholarship 400 Locust Street Lakewood NJ 08701 226640205 Trust NJ Trust 18000 469325 1.00000 true false true false false false false false false false false false true false false false false false false false