2025-05-12T20:42:58-05:00 2024-06-30 991856619 GRANT THORNTON ADVISORS LLC 757 THIRD AVENUE NEW YORK NY 10017 990 2023-07-01 221500645 SETON HALL UNIVERSITY SETO 9737619318 400 SOUTH ORANGE AVENUE SOUTH ORANGE NJ 07079 EDWARD J BISHOF MBA INTERIM VP FINANCE/CFO 9737619318 2025-05-09 1 0 DANIEL ROMANO P00504182 2125429609 2023 2025-03-06 01:10:19Z KATIA PASSERINI PHD 400 SOUTH ORANGE AVENUE SOUTH ORANGE NJ 07079 618956000 0 0928 X WWW.SHU.EDU X 1856 NJ SETON HALL UNIVERSITY IS A CATHOLIC INSTITUTION OF HIGHER EDUCATION 39 30 4013 578 3935000 442995 66745000 64922000 438656000 459288000 6237000 23829000 16789000 15774000 528427000 563813000 195362000 210753000 0 0 186148000 199415000 340000 180000 9024000 131771000 140342000 513621000 550690000 14806000 13123000 881744000 921688000 368011000 369131000 513733000 552557000 X SEE SCHEDULE O - PART III, LINE 1 0 0 361942000 195471000 462650000 EDUCATIONAL - SETON HALL UNIVERSITY OPERATES TO PROVIDE BACCALAUREATE, MASTERS, AND DOCTORAL DEGREES. DAY AND EVENING SESSIONS ACCOMMODATE BOTH COMMUTER AND RESIDENTIAL STUDENTS ON A PART-TIME AND FULL TIME BASIS. 108473000 14557000 8885000 ACADEMIC SUPPORT AND STUDENT SERVICES - ACADEMIC SUPPORT PROVIDES SUPPORT SERVICES, SUCH AS LIBRARIES, ACADEMIC TECHNOLOGY, FACULTY CURRICULUM DEVELOPMENT, FOR ITS PRIMARY MISSIONS OF INSTRUCTION, RESEARCH AND PUBLIC SERVICE. STUDENT SERVICES PROVIDE VARIOUS SERVICES TO STUDENTS, SUCH AS COUNSELING, CAREER GUIDANCE, FINANCIAL AID, STUDENT RECORDS, HEALTH SERVICES AND TRANSPORTATION, WHICH CONTRIBUTE TO THE STUDENTS' EMOTIONAL AND PHYSICAL WELL-BEING AND TO THEIR INTELLECTUAL, CULTURAL AND SOCIAL DEVELOPMENT OUTSIDE THE CONTEXT OF THE UNIVERSITY'S FORMAL INSTRUCTIONAL PROGRAMS. 11132000 725000 386000 RESEARCH, TRAINING & PUBLIC SERVICES - ENABLES FACULTY TO EXPLORE NEW AREAS OF EDUCATION, LEARNING AND KNOWLEDGE AND PROVIDES NON-INSTRUCTIONAL SERVICES TO INDIVIDUALS AND GROUPS EXTERNAL TO THE UNIVERSITY. THE UNIVERSITY ALSO OFFERS FINANCIAL SUPPORT TO STUDENTS THROUGH ACADEMIC SCHOLARSHIPS AND WORK-STUDY PROGRAMS, WHICH ARE FUNDED BY FEDERAL, STATE AND PRIVATE GRANTS. 481547000 1 1 0 1 0 0 0 1 0 1 1 1 0 1 1 1 1 0 1 1 1 0 0 1 1 0 0 1 1 1 1 0 0 0 0 0 0 1 0 1 1 1 1 0 0 0 1 0 0 0 1 645 0 1 4013 1 1 1 0 0 0 0 1 1 0 0 0 0 1 0 X 39 30 0 0 0 0 0 1 1 1 1 1 0 1 1 1 1 1 1 1 1 0 X X X EDWARD J BISHOF MBA 9737619343 400 SOUTH ORANGE AVENUE SOUTH ORANGE NJ 07079 X SHAHEEN HOLLOWAY HEAD COACH MEN'S BASKETBALL 60.00 0.00 X 2132686 0 71886 JOSEPH E NYRE PHD PRESIDENT/CEO/REGENT/TRUSTEE 60.00 0.00 X X 1719479 0 168159 PATRICK G LYONS MBA EVP OPERATIONS & CHIEF OF STAFF 60.00 0.00 X 751746 0 127326 KATIA PASSERINIPHD INTERIM PRESIDENT/CEO/REGENT/TRUSTEE 60.00 0.00 X X 478267 0 67690 JON PAPARSENOS V.P. UNIV. ADVANCEMENT 50.00 0.00 X 398666 0 132633 ANTHONY J BOZZELLA HEAD COACH WOMEN'S BASKETBALL 60.00 0.00 X 444623 0 69081 ALYSSA MCCLOUD PHD SR. 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RELATIONS 50.00 0.00 X 296706 0 64115 JOYCE A STRAWSER PHD DEAN STILLMAN SCHOOL BUSINESS 45.00 0.00 X 304992 0 53662 JOHN BUSCHMAN DLS DEAN UNIVERSITY LIBRARIES 45.00 0.00 X 273015 0 50213 PAUL E FISHER MPA CHIEF INFORMATION OFFICER 45.00 0.00 X 217709 0 83459 JONATHAN V FARINA PHD INTERIM DEAN COLLEGE OF ARTS & SCIENCES 45.00 0.00 X 236558 0 62964 KATHERINE SUGA ESQ SENIOR ASSOCIATE GENERAL COUNSEL 45.00 0.00 X 263193 0 34603 KATHLEEN BOOZANG JD LLM FORMER DEAN, SCHOOL OF LAW 45.00 0.00 X 244962 0 35796 AMY F NEWCOMBE MED JD INTERIM V.P. BOARD AFFAIRS & STRATEGY 50.00 0.00 X 189137 0 39045 VICKRAM DAYALU PHD INTERIM DEAN SCHOOL HEALTH & MEDICAL 45.00 0.00 X 170189 0 56215 KAREN E BOROFF PHD FORMER INTERIM PROVOST 45.00 0.00 X 168526 0 46557 MICHELE L NELSON PHD FORMER V.P. 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FINANCE & CFO 50.00 0.00 X 0 0 0 ALISA NORRIS REGENT 1.00 0.00 X 0 0 0 ANTHONY MASHERELLI REGENT 1.00 0.00 X 0 0 0 BONNIE A EVANS REGENT 1.00 0.00 X 0 0 0 BRIAN T FITZPATRICK REGENT 1.00 0.00 X 0 0 0 CARDINAL JOSEPH W TOBIN CSSR REGENT / TRUSTEE 1.00 0.00 X 0 0 0 DR GERALD P BUCCINO REGENT 1.00 0.00 X 0 0 0 EDWARD C CERNY REGENT 1.00 0.00 X 0 0 0 HELEN LERNER REGENT 1.00 0.00 X 0 0 0 HENRY F D'ALESSANDRO REGENT / TRUSTEE 1.00 0.00 X 0 0 0 JAMES E COLLINS REGENT 1.00 0.00 X 0 0 0 JAMES T BOYLE JR REGENT 1.00 0.00 X 0 0 0 JOHN C KELLY REGENT 1.00 0.00 X 0 0 0 JOSEPH HUGHES REGENT 1.00 0.00 X 0 0 0 JOSEPH P LASALA ESQ REGENT 1.00 0.00 X 0 0 0 KEVIN H MARINO ESQ REGENT / TRUSTEE 1.00 0.00 X 0 0 0 KEVIN J MCMAHON REGENT 1.00 0.00 X 0 0 0 KEVIN P FLOOD REGENT 1.00 0.00 X 0 0 0 LEO J ZATTA REGENT / TRUSTEE 1.00 0.00 X 0 0 0 MARY PAT CHRISTIE REGENT 1.00 0.00 X 0 0 0 MATTHEW W WRIGHT REGENT / TRUSTEE 1.00 0.00 X 0 0 0 MICHAEL J LUCCIOLA REGENT / TRUSTEE 1.00 0.00 X 0 0 0 MOST REVEREND DENNIS JSULLIVAN REGENT 1.00 0.00 X 0 0 0 MOST REVEREND JAMES F CHECCHIO REGENT 1.00 0.00 X 0 0 0 MOST REVEREND KEVIN J SWEENEY REGENT 1.00 0.00 X 0 0 0 MOST REVEREND KURT R BURNETTE REGENT / TRUSTEE 1.00 0.00 X 0 0 0 PAT WALSH REGENT 1.00 0.00 X 0 0 0 PATRICK M MURRAY REGENT 1.00 0.00 X 0 0 0 RICHARD A GIUDITTA JR REGENT 1.00 0.00 X 0 0 0 ROBERT B BUDELMAN ESQ TRUSTEE 1.00 0.00 X 0 0 0 ROBERT J SLOAN REGENT / TRUSTEE 1.00 0.00 X 0 0 0 ROBERT S BASSO REGENT 1.00 0.00 X 0 0 0 SR MAUREEN SHAUGHNESSY SC TRUSTEE 1.00 0.00 X 0 0 0 SR SHARON A EUART RSM TRUSTEE 1.00 0.00 X 0 0 0 STEPHEN G WALDIS REGENT 1.00 0.00 X 0 0 0 STEPHEN P LOUGHREY REGENT / TRUSTEE 1.00 0.00 X 0 0 0 THOMAS TRAN REGENT 1.00 0.00 X 0 0 0 ROBERT C GARRETT REGENT 1.00 0.00 X 0 0 0 11580757 0 2267720 393 1 1 0 GOURMET DINING LLC 400 SOUTH ORANGE AVE SOUTH ORANGE NJ 07079 FOOD SERVICES 13546935 TORCON 328 NEWMAN SPRINGS ROAD STE 5 RED BANK NJ 07701 GENERAL CONTRACTING 11506071 ATALIAN US NORTHEAST INC 417 FIFTH AVE 9TH FLOOR NEW YORK NY 10016 HOUSEKEEPING 3874875 SECURITAS SECURITY SERVICES USA INC PO BOX 403412 ATLANTA GA 30384 SECURITY 2064375 WILEY EDU LLC PO BOX 22309 NEW YORK NY 10087 EDUCATION DEVELOPMENT 1695252 126 532000 48460000 15930000 1810000 64922000 TUITION AND FEES 900099 419607000 419607000 ROOM AND BOARD 900099 39295000 39295000 GOV. AGENCY CONTRACTS 900099 386000 386000 459288000 12316000 3254000 9062000 3071000 3071000 211000 211000 105000 34000 71000 71000 71000 62685000 234000 54477000 0 8208000 234000 8442000 45000 8397000 579000 532000 632000 -53000 -53000 NCAA/CONF. DISTRIB. 900099 4933000 4933000 ATHLETIC REVENUE 900099 3952000 3952000 PARKING 812930 1544000 1544000 5116000 3713000 636000 767000 15545000 563813000 471886000 3935000 23070000 1311000 1311000 209442000 209442000 8575000 3027000 4169000 1379000 828000 669000 159000 138461000 116358000 18024000 4079000 7729000 6495000 1006000 228000 32960000 26791000 4880000 1289000 10862000 9126000 1417000 319000 162000 141000 21000 3508000 12000 3496000 343000 343000 220000 220000 180000 180000 3998000 3998000 32911000 28262000 4399000 250000 3066000 2368000 500000 198000 6942000 4456000 2098000 388000 6677000 1870000 4805000 2000 12760000 12760000 9790000 8773000 750000 267000 4118000 3367000 617000 134000 10864000 10785000 79000 23783000 22424000 1265000 94000 4094000 179000 3915000 REPAIRS AND MAINTENANCE 7861000 7342000 389000 130000 ALL OTHER EXPENSES 4090000 2294000 1722000 74000 BOOKS AND SUBSCRIPTIONS 3422000 3295000 114000 13000 BAD DEBT EXPENSE 1733000 1733000 550690000 481547000 60119000 9024000 0 0 81293000 87620000 27741000 30504000 4434000 5259000 1818000 1179000 17257000 22365000 714736000 356821000 346264000 357915000 93482000 149619000 235155000 208284000 74300000 58943000 881744000 921688000 50943000 55717000 15282000 16762000 179933000 177067000 121853000 119585000 368011000 369131000 X 270658000 287322000 243075000 265235000 513733000 552557000 881744000 921688000 X 13123000 25787000 -86000 X 0 1 X 1 1 1 X 45513000 56312000 70128000 66745000 64922000 303620000 45513000 56312000 70128000 66745000 64922000 303620000 1058720 302561280 2787000 2675000 1780000 9112000 12415000 28769000 171000 690000 1265000 2719000 3935000 8780000 1438000 1792000 2141000 2679000 2845000 10895000 352064000 2171602000 0.85940 0.88130 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: INCOME FUND RAISING EVENTS - 2019 AMOUNT: $ 136,000. 2020 AMOUNT: $ 185,000. 2021 AMOUNT: $ 321,000. 2022 AMOUNT: $ 370,000. 2023 AMOUNT: $ 579,000. PARKING - 2019 AMOUNT: $ 1,004,000. 2020 AMOUNT: $ 550,000. 2021 AMOUNT: $ 1,383,000. 2022 AMOUNT: $ 1,472,000. 2023 AMOUNT: $ 1,544,000. SALE OF NJ TAX CREDITS - 2020 AMOUNT: $ 1,000,000. 2021 AMOUNT: $ 350,000. 2022 AMOUNT: $ 732,000. 2023 AMOUNT: $ 632,000. OTHER INCOME - 2019 AMOUNT: $ 298,000. 2020 AMOUNT: $ 57,000. 2021 AMOUNT: $ 87,000. 2022 AMOUNT: $ 105,000. 2023 AMOUNT: $ 90,000. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 0 1 1200 0 1 22938 1 231146 0 0 255284 0 PART II-B, LINE 1: SETON HALL UNIVERSITY LOBBIED STATE LEGISLATORS REGARDING ANNUAL INDEPENDENT COLLEGE APPROPRIATIONS AND AID FOR INDEPENDENT COLLEGE STUDENTS. EFFORTS CONSISTED OF DIRECT MAILINGS, PHONE CALLS AND PERSONAL MEETINGS. MEMBERS OF CONGRESS WERE CONTACTED REGARDIDNG STUDENT AID AND GRANTS FOR VARIOUS UNIVERSITY PROGRAMS. THE UNIVERSITY'S STAFF IS INVOLVED IN LOBBYING EFFORTS. THE VALUE OF THAT STAFF TIME IS APPROXIMATELY $35,313. THOSE COSTS HAVE BEEN REPORTED ON LINE 7 (OTHER SALARIES AND WAGES) AND NOT SEPARATELY IDENTIFIED ON LINE 11 (D) IN PART IX, STATEMENT OF FUNCTIONAL EXPENSES. 1799000 X X X 0 335817000 6501000 39743000 3759000 10564000 2069000 369807000 317919000 13635000 21753000 3787000 9948000 3755000 335817000 336330000 28465000 -30013000 3206000 9469000 4188000 317919000 270000000 7963000 74306000 3291000 8438000 4210000 336330000 269162000 3891000 14028000 3167000 8173000 5741000 270000000 0.38222 0.36171 0.25607 1 0 4537000 4537000 601407000 300905000 300502000 142000 12000 130000 73206000 55904000 17302000 35444000 35444000 357915000 OUTSIDE TRUSTS 11550000 F HEDGE FUNDS 50733000 F COMMINGLED FUNDS 707000 F PRIVATE EQUITY 19787000 F VENTURE CAPITAL 7179000 F LIQUID FIXED INCOME 13711000 F ILLIQUID FIXED INCOME 48607000 F OPPURTUNISTIC 27093000 F LONG EQUITY 5161000 F DIVERSIFYING ASSETS 6118000 F REAL ASSETS 17638000 F 208284000 DEPOSIT WITH BOND TRUSTEES 49383000 RIGHT-OF-USE ASSETS UNDER OPERATING LEASES 700000 RIGHT-OF-USE ASSETS UNDER FINANCE LEASES 8860000 58943000 REFUNDABLE U.S. GOV'T GRANTS 2290000 CONDITIONAL ASSET RETIREMENT OBLIGATIONS 10435000 OTHER LIABILITIES, NET 5908000 OPERATING LEASE LIABILITIES 700000 FINANCE LEASE LIAB/SECURED BORROWING ARRANGEMENT 15654000 TAXABLE BONDS PAYABLE 84598000 119585000 X 382075000 25787000 607000 211000 26605000 355470000 3998000 204345000 208343000 563813000 343251000 607000 963000 1570000 341681000 3998000 205011000 209009000 550690000 PART III, LINE 4: COLLECTIONS ARE COMPOSED OF: A MURAL, ANCIENT GREEK AND ROMAN COINS, BOOK COLLECTIONS, PAINTINGS, WILD LIFE ART COLLECTIONS, AND A SPECIAL COLLECTION OF RESEARCH PAPERS. COLLECTIONS ARE UTILIZED BY STUDENTS, FACULTY, ADMINISTRATORS AND THE GENERAL PUBLIC. THEIR USAGE HELPS ACHIEVE THE ULTIMATE GOAL OF ADVANCING THE EDUCATIONAL AND RESEARCH MISSION OF THE UNIVERSITY. PART V, LINE 4: ENDOWMENT FUNDS SUPPORT THE UNIVERSITY'S MISSION BY PROVIDING A SUSTAINABLE FLOW OF FUNDS TO ANNUAL OPERATIONS. THIS SUPPORT INCLUDES FUNDS FOR SCHOLARSHIPS AND FOR SPECIFIC ACADEMIC PROGRAMS. THE UNIVERSITY HAS ADOPTED AN ENDOWMENT SPENDING POLICY DESIGNED TO PROVIDE A PREDICTABLE FLOW OF FUNDS TO OPERATIONS. THE POLICY IS INTENDED TO BALANCE CURRENT SPENDING NEEDS AND PRESERVE THE ENDOWMENT'S FUTURE PURCHASING POWER. THE UNIVERSITY APPLIES A 4.5% SPENDING RATE TO A THREE-YEAR MOVING AVERAGE OF ENDOWMENT INVESTMENT FUNDS. THE BOARD OF REGENTS SETS THE SPENDING RATE. THE PURPOSE OF USING A MOVING AVERAGE IS TO SMOOTH OUT ANY WIDE FLUCTUATIONS IN THE MARKET VALUE. ENDOWMENT EARNINGS IN EXCESS OF THE SPENDING RATE ARE ADDED BACK TO THE PRINCIPAL OF THE ENDOWMENT INVESTMENTS. IN YEARS WHEN YIELD EXCEEDS THE AMOUNT APPROPRIATED UNDER THE SPENDING POLICY THE EXCESS IS RETURNED TO PRINCIPAL AS APPRECIATION. WHEN ANNUAL YIELD IS INSUFFICIENT TO SUPPORT SPENDING APPROPRIATIONS, THE BALANCE IS PROVIDED FROM ACCUMULATED APPRECIATION. SPECIAL ALLOCATIONS MAY BE MADE FOR CERTAIN PURPOSES IN ADDITION TO THE SPENDING RATE, AS APPROVED BY THE UNIVERSITY'S BOARD OF REGENTS. THERE WERE NO SPECIAL ALLOCATION MADE IN THE YEAR ENDED JUNE 30, 2024. PART X, LINE 2: THE UNIVERSITY HAS ADOPTED THE PROVISIONS OF THE ASC 740, ACCOUNTING FOR UNCERTAINTIES IN INCOME TAXES. ASC 740-10 CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN, INCLUDING ISSUES RELATING TO FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT. THIS SECTION PROVIDES THAT THE TAX EFFECTS FROM AN UNCERTAIN TAX POSITION CAN BE RECOGNIZED IN THE FINANCIAL STATEMENTS ONLY IF THE POSITION IS "MORE-LIKELY-THAN-NOT" TO BE SUSTAINED IF THE POSITION WERE TO BE CHALLENGED BY A TAXING AUTHORITY. THE ASSESSMENT OF THE TAX POSITION IS BASED SOLELY ON THE TECHNICAL MERITS OF THE POSITION, WITHOUT REGARD TO THE LIKELIHOOD THAT THE TAX POSITION MAY BE CHALLENGED. THE UNIVERSITY IS EXEMPT FROM FEDERAL AND NEW JERSEY STATE INCOME TAXATION BY VIRTUE OF BEING AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3) OF THE IRC AND SIMILAR PROVISIONS OF THE NEW JERSEY STATE TAX CODE. NEVERTHELESS, THE UNIVERSITY MAY BE SUBJECT TO TAX ON INCOME UNRELATED TO ITS EXEMPT PURPOSE, UNLESS THAT INCOME IS OTHERWISE EXCLUDED BY THE CODE. THE UNIVERSITY BELIEVES THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS WITHIN ITS FINANCIAL STATEMENTS. PART XI, LINE 2D OTHER CHANGE IN THE VALUE OF THE SPLIT-INTEREST AGREEMENTS OF $211,000. PART XI, LINE 4B OTHER FINANCIAL AID OF $205,011,000 LESS SPECIAL EVENTS EXPENSE OF $632,000 LESS RENTAL EXPENSE OF $34,000. PART XII, LINE 2D OTHER SPECIAL EVENTS EXPENSES OF $632,000, PROVISION FOR UNCOLLECTIBLE CONTRIBUTIONS RECEIVABLE OF $297,000, AND RENTAL EXPENSE OF $34,000. PART XII, LINE 4B OTHER FINANCIAL AID OF $205,011. 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 RACIALLY NONDISCRIMINATORY POLICY APPEARS IN ITS UNDERGRADUATE AND GRADUATE CATALOGS, AS WELL AS IN THE ADMISSION PROSPECTUS. IT IS ALSO IN ALL NEWSPAPER ADVERTISEMENTS AND THE UNIVERSITY'S WEBSITE. SCHEDULE E, PART I, LINE 6 THE UNIVERSITY PARTICIPATES IN VARIOUS FEDERAL AND STATE FINANCIAL AID PROGRAMS, WHICH INCLUDE, BUT ARE NOT LIMITED TO THE FOLLOWING PROGRAMS: FEDERAL DIRECT LENDING PROGRAM, FEDERAL PELL GRANT, FEDERAL COLLEGE WORK STUDY, FEDERAL SUPPLEMENTAL EDUCATION OPPORTUNITY GRANT, N.J STATE TUITION ASSISTANCE GRANT AND N.J. STATE EDUCATION OPPORTUNITY FUND. CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 136151995 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 INVESTMENTS 17190038 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES RECRUITMENT 30750 0 0 0 0 0 0 153372783 0 153372783 1 0 1 1 1 0 PART I, LINE 3, (1, 2 & 3); PART IV, LINES 1, 3, 4, AND 5 BY VIRTUE OF ITS INVESTMENTS IN VARIOUS LIMITED PARTNERSHIP INVESTMENTS, SETON HALL UNIVERSITY MAY INVEST IN PASSIVE FOREIGN INVESTMENT COMPANIES AND/OR FOREIGN PARTNERSHIPS; TO THE EXTENT THE UNIVERSITY IS REQUIRED TO FILE THE FORMS 926, 5471, OR 8865, THOSE FOREIGN FORMS WERE ATTACHED TO THE UNIVERSITY'S FORM 990-T. THE SETON HALL CHINA OFFICE SERVED AS AN EDUCATIONAL RECRUITING LIAISON FOR PROGRAMS OFFERED LARGELY BY THE STILLMAN SCHOLL OF BUSINESS. THE OFFICE ASSISTED IN RECRUITING PROSPECTIVE STUDENTS AND PROVIDED LOGISTICAL SUPPORT FOR STILLMAN PROGRAMS ON LOCATION IN CHINA. 1 COMMUNITY COUNSELING SERVICE 527 MADISON AVENUE 5TH FLOOR NEW YORK NY 10022 CONSULTING ADVICE 0 0 180000 -180000 180000 -180000 AL AK AZ AR CA CO CT DE DC FL GA HI ID IL IN IA KS KY LA ME MD MA MI MN MS MO MT NE NV NH NJ NM NY NC ND OH OK OR PA RI SC SD TN TX UT VT VA WA WV WI WY MANY ARE ONE 385000 128000 257000 162000 6000 11000 173000 LS DINNER DANCE 268000 171000 97000 2000 74000 3000 15000 6 458000 233000 225000 4000 5000 145000 3000 29000 1111000 532000 579000 4000 169000 225000 17000 217000 632000 -53000 SCHEDULE G, PART I, LINE 2B, COLUMN (V) COMMUNITY COUNSELING SERVICE FUND RAISING ACTIVITY INCLUDES CONSULTING, ANALYSIS AND STRATEGIC ADVICE RELATED TO SOLICITATIONS FOR THE CAMPAIGN AND ENCOURAGING POTENTIAL DONORS TO CONTRIBUTE. 1 TOWNSHIP OF SOUTH ORANGE VILLAGE 76 S ORANGE AVE SOUTH ORANGE NJ 07079 226002309 115 620000 0 GENERAL PURPOSE SOUTH ORANGE PERFORMING ARTS CENTER INC 1 SOPAC WAY SOUTH ORANGE NJ 07079 320074004 501(C)(3) 6000 0 GENERAL PURPOSE SAINT PAUL'S OUTREACH 110 CRUSADER AVE WEST ST ST PAUL MN 55118 411621192 501(C)(3) 6000 0 GENERAL PURPOSE TOWNSHIP OF NUTLEY 1 KENNEDY DRIVE NUTLEY NJ 07110 226002167 115 279000 0 GENERAL PURPOSE TOWNSHIP OF CLIFTON 900 CLIFTON AVE CLIFTON NJ 07013 222940857 115 326000 0 GENERAL PURPOSE SOMA CROSS CULTURAL WORKS INC 572 PROSPECT ST MAPLEWOOD NJ 07040 822722982 501(C)(3) 8000 0 GENERAL PURPOSE CITY OF SUMMIT NJ 512 SPRINGFIELD AVE SUMMIT NJ 07901 226002329 115 40000 0 GENERAL PURPOSE THE V FOUNDATION (THEFOU) 14600 WESTON PARKWAY CARY NC 27513 133705951 501(C)(3) 6000 0 GENERAL PURPOSE NAACP ORANGE & MAPLEWOOD BRANCH PO BOX 1127 EAST ORANGE NJ 07019 226095667 501(C)(3) 6000 0 GENERAL PURPOSE SCHOLARSHIP FUND FOR INNER CHILD (SCHFUN) 171 CLIFTON AVENUE NEWARK NJ 07104 510546401 501(C)(3) 7000 0 GENERAL PURPOSE MAISON FORTUNE ORPHANAGE PO BOX 3092 CHESAPEAKE VA 23327 300007910 501(C)(3) 7000 0 GENERAL PURPOSE 11 0 FEDERAL AWARDS 2548 15064000 STATE OF NEW JERSEY AWARDS 2153 18894000 INSTITUTIONAL SUPPORT 17669 175484000 PART I, LINE 2 ALL UNIVERSITY SPENDING MUST BE APPROVED BY A MANAGER OR HIGHER LEVEL, DEPENDING ON THE AMOUNT OF THE EXPENDITURE. ANY EXPENDITURE OF $1,000 OR ABOVE WOULD HAVE TO BE APPROVED BY A DEAN OR OTHER BUDGET CENTER MANAGER. AN EXPENDITURE IN EXCESS OF $10,000 MUST BE APPROVED BY A VICE PRESIDENT (OR THAT PERSON'S DESIGNEE) OR THE PRESIDENT. GRANTS OR ASSISTANCE TO OUTSIDE ORGANIZATIONS ARE SEGREGATED IN THE UNIVERSITY'S FINANCIAL ACCOUNTING SYSTEM THROUGH THE USE OF A SEPARATE ACCOUNT CODE, WHICH ALLOWS FOR REVIEW BY UNIVERSITY'S CENTRAL FINANCE DEPARTMENT. SCHOLARSHIPS ARE PROVIDED TO STUDENTS WHO ARE REQUIRED TO MATRICULATE IN THE UNIVERSITY, THEREBY ENSURING THAT THE FUNDS ARE EXPENDED FOR THE INTENDED PURPOSES. X X X X X X X 0 1 X X X X X 1 1 0 0 0 0 0 0 0 SHAHEEN HOLLOWAY HEAD COACH MEN'S BASKETBALL 1871551 0 218750 0 42385 0 26400 0 45486 0 2204572 0 0 0 JOSEPH E NYRE PHD PRESIDENT/CEO/REGENT/TRUSTEE 514187 0 270445 0 934847 0 26400 0 141759 0 1887638 0 0 0 PATRICK G LYONS MBA EVP OPERATIONS & CHIEF OF STAFF 437207 0 250000 0 64539 0 126400 0 926 0 879072 0 0 0 KATIA PASSERINIPHD INTERIM PRESIDENT/CEO/REGENT/TRUSTEE 428271 0 42230 0 7766 0 66400 0 1290 0 545957 0 0 0 JON PAPARSENOS V.P. UNIV. ADVANCEMENT 355201 0 35896 0 7569 0 63372 0 69261 0 531299 0 0 0 ANTHONY J BOZZELLA HEAD COACH WOMEN'S BASKETBALL 316101 0 102500 0 26022 0 25982 0 43099 0 513704 0 0 0 ALYSSA MCCLOUD PHD SR. VP ENROLLMENT MANAGEMENT 361873 0 55000 0 7766 0 66400 0 16152 0 507191 0 0 0 KIMBERLY A CAPADONA ESQ GENERAL COUNSEL 337824 0 32623 0 7569 0 59023 0 44926 0 481965 0 0 0 DONNA M MCMONAGLE V.P. FINANCE & CFO 334180 0 32960 0 7766 0 59360 0 1290 0 435556 0 0 0 JOHN CORNWELL JDM PHIL INTERIM DEAN, SCHOOL OF LAW 320634 0 40000 0 1624 0 26390 0 31996 0 420644 0 0 0 MONICA BURNETTE PHD V.P. STUDENT SERVICES 251697 0 25865 0 7569 0 47645 0 47683 0 380459 0 0 0 BRYAN FELT MA ATHLETICS DIRECTOR 270511 0 60000 0 19600 0 21641 0 4355 0 376107 0 0 0 ERIK LILLQUIST JD INTERIM PROVOST 299245 0 0 0 4058 0 24765 0 46099 0 374167 0 0 0 MATTHEW BOROWICK MBA V.P. UNIV. RELATIONS 262054 0 26394 0 8258 0 21432 0 42683 0 360821 0 0 0 JOYCE A STRAWSER PHD DEAN STILLMAN SCHOOL BUSINESS 303368 0 0 0 1624 0 24635 0 29027 0 358654 0 0 0 JOHN BUSCHMAN DLS DEAN UNIVERSITY LIBRARIES 271678 0 0 0 1337 0 17587 0 32626 0 323228 0 0 0 PAUL E FISHER MPA CHIEF INFORMATION OFFICER 217236 0 0 0 473 0 17813 0 65646 0 301168 0 0 0 JONATHAN V FARINA PHD INTERIM DEAN COLLEGE OF ARTS & SCIEN 236343 0 0 0 215 0 18443 0 44521 0 299522 0 0 0 KATHERINE SUGA ESQ SENIOR ASSOCIATE GENERAL COUNSEL 258750 0 0 0 4443 0 18486 0 16117 0 297796 0 0 0 KATHLEEN BOOZANG JD LLM FORMER DEAN, SCHOOL OF LAW 243428 0 0 0 1534 0 19660 0 16136 0 280758 0 0 0 AMY F NEWCOMBE MED JD INTERIM V.P. BOARD AFFAIRS & STRATEG 168876 0 19935 0 326 0 13539 0 25506 0 228182 0 0 0 VICKRAM DAYALU PHD INTERIM DEAN SCHOOL HEALTH & MEDICAL 169698 0 0 0 491 0 14014 0 42201 0 226404 0 0 0 KAREN E BOROFF PHD FORMER INTERIM PROVOST 165459 0 0 0 3067 0 13894 0 32663 0 215083 0 0 0 MICHELE L NELSON PHD FORMER V.P. BOARD AFFAIRS & STRATEGY 92465 0 49884 0 4913 0 7647 0 38725 0 193634 0 0 0 PETER W SHOEMAKER PHD FORMER DEAN COLLEGE OF ARTS & SCIENC 118948 0 0 0 4614 0 10553 0 53385 0 187500 0 0 0 MONSIGNOR JOSEPH REILLY VICE PROVOST FOR ACADEMICS & CATHOLI 95996 0 0 0 0 0 6002 0 74722 0 176720 0 0 0 BRIAN B SHULMAN PHD FORMER DEAN SCHOOL HEALTH & MEDICAL 155001 0 0 0 1302 0 9616 0 6999 0 172918 0 0 0 PART I, LINE 1A HOUSING AND RELATED SERVICES ARE PROVIDED AT NO CHARGE TO MEMBERS OF ITS PRIEST COMMUNITY, WHICH INCLUDES AN OFFICER AND CERTAIN REGENTS AND TRUSTEES AS REFLECTED IN PART VII OF THE FORM 990. WHERE APPROPRIATE, THE VALUE OF THESE HOUSING AND RELATED BENEFITS IS REFLECTED IN PART VII, SECTION A, COLUMN F AS OTHER COMPENSATION AND IN SCHEDULE J, PART II AS NONTAXABLE BENEFITS FOR THE PRIEST WHO MET THE COMPENSATION REQUIREMENT FOR INCLUSION IN SCHEDULE J. MEMBERSHIP FEES FOR ITS WOMEN'S BASKETBALL COACH, ANTHONY BOZZELLA, ITS ATHLETICS DIRECTOR, BRYAN FELT, AND ITS EVP/CHIEF OF STAFF, PATRICK G. LYONS, WERE PAID BY THE UNIVERSITY TO ASSIST SUCH INDIVIDUALS IN THEIR DUTIES INVOLVING DONOR CULTIVATION AND FUNDRAISING FOR THE UNIVERSITY. THE FEES ASSOCIATED WITH THEIR BUSINESS-RELATED ATTENDANCE ARE INCLUDED IN NONTAXABLE BENEFITS IN SCHEDULE J, PART II. TO THE EXTENT OF ANY PERSONAL USAGE OF SAME, A PORTION OF THESE FEES ARE INCLUDED IN THE RECIPIENT'S TAXABLE INCOME. CERTAIN MEMBERS OF THE UNIVERSITY, INCLUDING ITS PRESIDENT, MEN'S AND WOMEN'S BASKETBALL COACHES, AND OTHER MEMBERS OF THE EXECUTIVE CABINET, ARE PERMITTED TO HAVE THEIR SPOUSES ACCOMPANY THEM TO A LIMITED NUMBER OF UNIVERSITY BUSINESS EVENTS, INCLUDING FUNDRAISING AND ALUMNI EVENTS. WHERE APPROPRIATE, THE VALUE OF PERSONAL TRAVEL BENEFITS IS INCLUDED IN THE RECIPIENT'S TAXABLE INCOME. CERTAIN MEMBERS OF THE UNIVERSITY AND ITS BOARD OF TRUSTEES INCLUDING ITS PRESIDENT, EVP/CHIEF OF STAFF, VP ADVANCEMENT, ATHLETICS DIRECTOR, AND MEN'S AND WOMEN'S BASKETBALL COACHES, TOGETHER WITH THEIR SPOUSES OR FAMILIES, WILL OCCASIONALLY JOIN THE MEN'S OR WOMEN'S BASKETBALL TEAMS ON CHARTERED FLIGHTS TO BASKETBALL TOURNAMENTS OR GAMES. JOSEPH E. NYRE, PH.D., PRESIDENT/CEO/REGENT/TRUSTEE, RESIGNED FROM THE UNIVERSITY AND RECEIVED SEVERANCE PAYMENTS. PART I, LINES 4A-B CERTAIN KEY EXECUTIVES OF THE UNIVERSITY PARTICIPATE IN ITS 457(F) NON-QUALIFIED DEFERRED COMPENSATION PLAN, WHICH IS INTENDED TO PERMIT THE UNIVERSITY TO ATTRACT AND RETAIN TALENTED INDIVIDUALS WHILE REQUIRING SAME TO GENERALLY SATISFY CERTAIN PERFORMANCE AND EMPLOYMENT CONTINUATION REQUIREMENTS AS A PRECONDITION OF HIS OR HER RECEIPT OF ANY AMOUNTS THEREUNDER. DEFERRED AMOUNTS WHICH MAY BE PAYABLE IN THE FUTURE ARE REFLECTED IN COLUMN C OF SCHEDULE J, PART II FOR THOSE EXECUTIVES WHO MEET THE COMPENSATION REQUIREMENT FOR INCLUSION IN SCHEDULE J, DURING 2023, THE FOLLOWING EXECUTIVES PARTICIPATED IN THE DEFERRED COMPENSATION PLAN: KATIA PASSERINI $40,000 PATRICK LYONS $100,000 ALYSSA MCCLOUD $40,000 KIM CAPADONA $32,623 JON PAPARSENOS $36,972 DONNA MCMONAGLE $32,960 MONICA BURNETTE $26,642 PART II THE COMPENSATION INFORMATION REFLECTED IN THE FORM 990 IS BASED ON CALENDAR YEAR 2023 AND WAS PAYABLE (OR DISCLOSABLE, AS THE CASE MAY BE) CONSISTENT WITH THE TERMS OF EACH EXECUTIVE'S UNDERLYING EMPLOYMENT AGREEMENT AS APPLICABLE A NJEFA - SETON HALL - ISSUE 2020C 221829511 6460667B0 2020-06-18 34025223 SEE PART VI 0 0 0 B NJEFA - SETON HALL-ISSUE 2011A 221829511 646065U83 2011-06-10 37578532 SEE PART VI 0 0 0 C NJEFA - SETON HALL-CIF 2014B 221829511 646066DG2 2014-04-29 19369367 SEE PART VI 0 0 1 D NJEFA - SETON HALL-ISSUE 2017D 221829511 646066V64 2017-06-29 41827193 SEE PART VI 0 0 0 A 34025223 2389475 266697 1369051 30000249 2023 0 0 1 1 B 33805000 37578532 421094 37157438 2011 1 0 1 1 C 369287 19369367 113339 1014830 2015 0 0 1 1 D 41827193 348259 41478934 2017 1 0 1 1 A 0 0 0 0 0 0 1 C 0 0 0 0 0 0 1 D 0 0 0 0 0 0 1 A 1 0 0 0 0 1 B 0 0 0 1 0 0 0 0 1 C 0 0 0 1 0 0 0 0 1 D 0 0 0 1 0 0 0 0 1 A 1 B 1 C 1 D 1 PART IV, LINE 2C REBATE COMPUTATIONS WERE PERFORMED IN JUNE AND JULY 2024 TIME FRAME FOR ALL SETON HALL UNIVERSITY BOND ISSUES LISTED IN PART I, WITH THE EXCEPTION OF BOND 2014 SERIES B, BOND 2016 SERIES B, AND BOND SERIES 2023A. THE 2014 B, 2016B, AND 2023A BONDS ARE PART OF POOLED FINANCINGS AND THE REBATE CALCULATIONS ARE PERFORMED BY THE ISSUER. PART I, COLUMN(F) DESCRIPTION OF PURPOSE: 1. SETON HALL UNIVERSITY ISSUE, 2020 SERIES C (CUSIP 6460667B0), WAS ISSUED BY THE NJEFA TO FUND CAPITAL IMPROVEMENTS ON THE UNIVERSITY'S CAMPUS. 2. SETON HALL UNIVERSITY ISSUE, 2011 SERIES A, (CUSIP NUMBER 646065U83)WAS ISSUED BY THE NJEFA TO CURRENTLY REFUND SETON HALL UNIVERSITY'S 1999 REFUNDING, 2001 SERIES A, 2001 SERIES B, AND 2001 SERIES G BOND ISSUES. 3. THE NJEFA ISSUED CIF BONDS, 2014 SERIES B, AND 2014 SERIES D, WERE ISSUED PURSUANT TO A PROGRAM OF THE STATE OF NEW JERSEY TO FINANCE CAPITAL IMPROVEMENTS AT INSTITUTIONS OF HIGHER EDUCATION. THE UNIVERSITY'S PORTION OF THE 2014 B WAS $2,192,165 OF WHICH $1,165,170 WAS GRANT AND $1,014,830 WAS DEBT REPAYABLE OVER 20 YEARS. THE UNIVERSITY'S SHARE OF 2014 D WAS $2,724,951 WITH $1,226,845 BEING DEBT AND THE REMAINDER BEING A GRANT. THE UNIVERSITY PAID OFF ITS 2014 SERIES D DEBT DURING IT'S FISCAL YEAR ENDED JUNE 30, 2021. 4. SETON HALL UNIVERSITY ISSUE, 2017 SERIES D (CUSIP 646066V64), WAS ISSUED BY THE NJEFA TO REFUND THE UNIVERSITY'S 2008 SERIES D BONDS AND TO PAY $4,872,000 FOR THE TERMINATION OF SWAP AGREEMENTS. 5. SETON HALL UNIVERSITY ISSUE, 2013 SERIES D, (CUSIP 6460656D9) WAS ISSUED BY THE NJEFA TO CURRENTLY REFUND SETON HALL UNIVERSITY'S 2009 C BONDS SOLD DIRECTLY TO CAPITAL ONE, N.A., FINANCE A PORTION OF THE COST OF TERMINATING THE UNIVERSITY'S INTEREST RATE SWAP AGREEMENT WITH CITIBANK, N.A. THAT HEDGED INTEREST RATE EXPOSURE RELATED TO THE 2009 C BONDS, AND TO FINANCE CAPITAL IMPROVEMENTS. 6. SETON HALL UNIVERSITY ISSUE, 2015 C (CUSIP 646066MC1) WAS ISSUED BY THE NJEFA TO ADVANCE REFUND SETON HALL UNIVERSITY'S 2008 SERIES E BONDS. 7. SETON HALL UNIVERSITY ISSUE, 2016 SERIES C (CUSIP 646066B66), WAS ISSUED BY THE NJEFA TO FUND CAPITAL IMPROVEMENTS ON THE UNIVERSITY'S CAMPUS. 8. THE NJEFA ISSUED CIF BONDS, 2016 SERIES A, REFUNDED CIF BONDS PREVIOUSLY ISSUED. PURSUANT TO A PROGRAM OF THE STATE OF NEW JERSEY TO FINANCE CAPITAL IMPROVEMENTS AT INSTITUTIONS OF HIGHER EDUCATION. THE PRIVATELY PLACED BONDS WERE ALLOCATED TO FOURTEEN PRIVATE INSTITUTIONS IN NEW JERSEY. THE UNIVERSITY'S SHARE OF THE PROCEEDS WAS $2,326,537. 9. THE NJEFA ISSUED CIF BONDS, 2016 SERIES B, WERE ISSUED PURSUANT TO A PROGRAM OF THE STATE OF NEW JERSEY TO FINANCE CAPITAL IMPROVEMENTS AT INSTITUTIONS OF HIGHER EDUCATION. THE BONDS WERE ALLOCATED TO TWELVE PRIVATE INSTITUTIONS IN NEW JERSEY. THE UNIVERSITY'S SHARE AFTER ISSUANCE COSTS, WAS $1,500,000 OF WHICH $766,748 WAS A GRANT AND $733,252 WAS DEBT REPAYABLE OVER TWENTY YEARS. 10. SETON HALL UNIVERSITY ISSUE, 2021 SERIES D (CUSIP), WAS APRIVATE PLACEMENT BOND TO REFINANCE SETON HALL UNIVERSITY'S SERIES 2013D BONDS. THIS BOND CONVERTED TO TAX-EXEMPT 7/1/23. 11. THE NJEFA ISSUED ELF BONDS, 2023 SERIES A, WERE ISSUED PURSUANT TO A PROGRAM OF THE STATE OF NEW JERSEY TO FINANCE THE PURCHASE OF HIGHER EDUCATION EQUIPMENT FOR LEASE TO PUBLIC AND PRIVATE INSTITUTIONS OF HIGHER EDUCATION. THE BONDS WERE ALLOCATED TO VARIOUS INSTITUTIONS IN NEW JERSEY. THE UNIVERSITY'S SHARE AFTER ISSUANCE COSTS WAS $1,893,484 OF WHICH $1,420,113 WAS A GRANT AND $473,371 WAS DEBT REPAYABLE OVER TEN YEARS. A NJEFA - SETON HALL-ISSUE 2013D 221829511 6460656D9 2013-07-10 43935728 SEE PART VI 0 0 0 B NJEFA - SETON HALL-ISSUE 2015C 221829511 646066MC1 2015-07-14 24225807 SEE PART VI 0 0 0 C NJEFA - SETON HALL-ISSUE 2016C 221829511 646066B66 2016-09-15 38059002 SEE PART VI 0 0 0 D NJEFA - SETON HALL-CIF 2016A 221829511 NONEAVAIL 2016-07-26 20805115 SEE PART VI 0 0 1 A 24450000 43935728 2405009 522076 33208335 7800307 2014 1 0 1 1 B 6660000 24255807 306564 23949243 2015 0 1 1 1 C 38059002 1655530 403472 36000000 2018 0 0 1 1 D 842984 20805115 48426 1046461 2016 1 0 1 1 A 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 0 1 0 0 0 0 1 C 0 0 0 1 0 0 0 0 1 D 0 0 1 1 0 0 0 0 1 A 1 B 1 C 1 D 1 A NJEFA-SETON HALL-CIF 2016B 221829511 646066F54 2016-12-20 30676062 SEE PART VI 0 0 1 B SETON HALL 2021 SERIES D REFUNDING BONDS 221829511 NONEAVAIL 2023-07-03 11990000 SEE PART VI 0 0 0 C NJEFA-SETON HALL-ELF 2023A 221829511 646067FW3 2023-10-05 25536938 SEE PART VI 0 0 1 A 176104 30676062 246539 733252 2019 0 0 1 1 B 11990000 161714 11828286 2023 1 0 1 1 C 2015165 15165 2000000 0 0 0 1 A 0 0 0 0 0 0 1 B 0 0 0 0 0 0 1 C 0 0 0 0 0 0 1 A 0 0 0 1 0 0 0 0 1 B 0 1 0 0 0 0 0 0 1 C 0 0 0 1 0 0 0 0 1 A 1 B 1 C 1 TOTAL OF 5 194680 SCHOLARSHIP/TUITION REMISSION EDUCATION MARY EILEEN FISHER SPOUSE OF KEY EMPLOYEE 107914 COMP & BENE 0 JOSEPH HUGHES VENDOR 50% OWNED BY REGENT 206398 TRANSPORTATION SERVICES 0 JOSEPH P LASALA ESQ REGENT LAW FIRM PTR. 53913 LEGAL SERVICES 0 PART III - GRANTS OR ASSISTANCE BENEFITING INTERESTED PERSONS SETON HALL UNIVERSITY IS NOT REQUIRED TO IDENTIFY INTERESTED PERSONS TO WHOM ASSISTANCE WAS PROVIDED UNDER THE FAMILY EDUCATIONAL RIGHTS AND PRIVACY ACT (FERPA). PART IV - BUSINESS TRANSACTIONS INVOLVING INTERESTED PERSONS ALL TRANSACTIONS WITH INTERESTED PERSONS WERE CONDUCTED AT ARM'S LENGTH, FOR GOOD AND SUFFICIENT CONSIDERATION, BASED ON TERMS THAT ARE FAIR AND REASONABLE TO AND FOR THE BENEFIT OF THE UNIVERSITY. THE APPLICABLE INTERESTED PERSONS HAD NO INFLUENCE OVER THE DECISIONS TO ENTER INTO THE TRANSACTIONS. X 21 1791000 SELLING PRICE X 9 8000 COST X FX AUDIO VISUAL SERVICES 1 9000 FMV X VIDEO PRODUCT 1 1000 FMV X MEMORIAL COINS 1 1000 FMV 0 1 1 PART I, LINE 32B: AUCTION COMPANIES ARE USED TO PROCESS AND/OR SELL NONCASH CONTRIBUTIONS IN "SILENT AUCTIONS" AT SEVERAL FUNDRAISING EVENTS. TO THE EXTENT SETON HALL UNIVERSITY RECEIVES DONATIONS OF PUBLICLY TRADED SECURITIES, IT'S INVESTMENT BROKER IS ENGAGED TO SELL THOSE SECURITIES. FORM 990, PART III, LINE 1 SETON HALL UNIVERSITY (THE "UNIVERSITY") IS THE NATION'S OLDEST DIOCESAN CATHOLIC UNIVERSITY. IN A DIVERSE AND COLLABORATIVE ENVIRONMENT, IT FOCUSES ON ACADEMIC, ETHICAL, AND SPIRITUAL DEVELOPMENT. SETON HALL STUDENTS ARE PREPARED TO BE LEADERS IN THEIR PROFESSIONAL AND COMMUNITY LIVES IN A GLOBAL SOCIETY AND ARE CHALLENGED BY OUTSTANDING FACULTY, A TECHNOLOGICALLY ADVANCED SETTING, AND VALUES-CENTERED CURRICULA. THE UNIVERSITY IS HOME TO NINE NATIONALLY RECOGNIZED AND ACCREDITED SCHOOLS LOCATED ON THREE CAMPUSES, ALL WITHIN 15 MILES OF NEW YORK CITY. ITS MAIN CAMPUS IS IN SOUTH ORANGE, NEW JERSEY, ITS NATIONALLY RANKED LAW SCHOOL IS IN NEWARK, NEW JERSEY, AND ITS INTERPROFESSIONAL HEALTH SCIENCES ("IHS") CAMPUS IS IN THE CITY OF CLIFTON AND THE TOWNSHIP OF NUTLEY, NEW JERSEY. WITHIN THESE NINE SCHOOLS, THE PROFESSORS OF SETON HALL EDUCATE, SHAPE AND DEVELOP APPROXIMATELY 6,000 UNDERGRADUATE AND 3,400 GRADUATE STUDENTS, WHO ARE ENROLLED IN MORE THAN 186 RIGOROUS MAJORS. THIS HAS LED TO THE UNIVERSITY BEING NATIONALLY RECOGNIZED FOR ACADEMIC EXCELLENCE BY THE PRINCETON REVIEW, U.S. NEWS AND WORLD REPORT, AND BLOOMBERG BUSINESSWEEK. THE UNIVERSITY REMAINS A PIONEER IN CATHOLIC EDUCATION. THE UNIVERSITY HAS A LONG-TERM RELATIONSHIP WITH HACKENSACK MERIDIAN HEALTH AT ITS IHS CAMPUS. THE UNIVERSITY AND HMH WERE PARTNERS IN AN AGREEMENT TO RENOVATE THE IHS PREMISES FOR THE UNIVERSITY'S CON AND SHMS COLLEGES AND THE HACKENSACK MERIDIAN SCHOOL OF MEDICINE (HMSOM). HMH IS LESSOR TO THE LEASE FOR THIS PREMISES (KINGSLAND LEASE) AND THE UNIVERSITY SUBLEASES SPACE FROM HMH. THE UNIVERSITY AND HMH WILL CO-OWN THE IHS CAMPUS WHEN THE KINGSLAND LEASE AND UNIVERSITY'S SUBLEASE EXPIRE. IN ADDITION, THE UNIVERSITY AND HMH MAINTAIN A STRATEGIC ACADEMIC PARTNERSHIP AGREEMENT WHEREBY THE UNIVERSITY AND THE HMSOM HAVE AN INTEGRATED CURRICULUM, WITH 25% OF THE SEATS IN EACH CLASS OF THE MD PROGRAM RESERVED FOR UNIVERSITY GRADUATES WHO RESIDE IN NEW JERSEY, PROVIDED THEY MEET THE STANDARDS OF ADMISSION SET BY THE HMSOM, AND THE UNIVERSITY'S CON AND SHMS STUDENTS HAVING BROAD ACCESS TO TRAIN AT HMH HOSPITALS. ROBERT C. GARRETT, REGENT, IS THE CEO AT HMH, AND ALSO ON THE BOARD OF GOVERNORS OF THE HMSOM. THE UNIVERSITY, HMSOM AND HMH ARE STRATEGIC ACADEMIC PARTNERS. NEITHER HMH NOR THE HMSOM ARE CONSIDERED RELATED PARTIES OF THE UNIVERSITY. FORM 990, PART VI, SECTION A, LINE 7A THE BOARD OF REGENTS IS RESPONSIBLE FOR THE ENTIRE MANAGEMENT OF THE AFFAIRS AND CONCERNS OF THE UNIVERSITY. THE BOARD OF REGENTS IS VESTED WITH THE RESPONSIBILITY, POWER, AND AUTHORITY TO GOVERN THE UNIVERSITY AND SHALL EXERCISE THE CORPORATE POWERS OF THE UNIVERSITY UNDER LAW. BOARD OF REGENT EMERITI DO NOT HAVE VOTING PRIVILEGES. FORM 990, PART VI, SECTION A, LINE 7B THE BOARD OF TRUSTEES STAND IN THE STEAD OF THE ORIGINAL INCORPORATORS OF SETON HALL COLLEGE AND HAVE THE RIGHTS AND POWERS RESERVED TO IT BY THE UNIVERSITY'S BY-LAWS. THOSE POWERS INCLUDE THE RIGHT TO AMEND THE UNIVERSITY'S ORGANIZING DOCUMENTS, TO AUTHORIZE THE SALE OF ANY UNIVERSITY PROPERTY AND, MOST IMPORTANTLY, TO ELECT THE BOARD OF REGENTS. FORM 990, PART VI, SECTION B, LINE 11B THE BOARD OF REGENTS HAS CHARGED THE AUDIT COMMITTEE WITH THE RESPONSIBILITY TO CONDUCT, REVIEW, AND APPROVE ANNUALLY THE UNIVERSITY'S FORM 990 AND FORM 990-T FOR FILING WITH INTERNAL REVENUE SERVICE. FOLLOWING REVIEW AND RECOMMENDATION BY THE AUDIT COMMITTEE, FORMS 990 AND 990-T ARE SUBMITTED TO THE FULL BOARD OF REGENTS FOR ITS REVIEW AND APPROVAL FOR FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C THE UNIVERSITY'S CONFLICT OF INTEREST POLICY IS POSTED ON THE UNIVERSITY'S WEB SITE. ALL NEW EMPLOYEES ARE MADE AWARE OF THE POLICY AT THE TIME OF HIRE. FOR SENIOR MANAGEMENT, THE UNIVERSITY REQUIRES AN ANNUAL DISCLOSURE OF SIGNIFICANT FINANCIAL INTERESTS IN, OR EMPLOYMENT OR CONSULTING RELATIONSHIPS WITH, ENTITIES DOING BUSINESS WITH THE UNIVERSITY. THESE ANNUAL DISCLOSURES COVER BOTH SENIOR MANAGEMENT AND THEIR IMMEDIATE FAMILY MEMBERS. WHEN SUCH RELATIONSHIPS EXIST, MEASURES ARE TAKEN TO ADDRESS THE ACTUAL OR PERCEIVED CONFLICT TO PROTECT THE BEST INTERESTS OF THE UNIVERSITY. THE POLICY REQUIRES, AMONG OTHER THINGS, THAT NO MEMBER OF THE BOARD OF REGENTS OR ITS COMMITTEES CAN PARTICIPATE IN ANY DECISION IN WHICH HE OR SHE (OR AN IMMEDIATE FAMILY MEMBER) HAS A MATERIAL FINANCIAL INTEREST. EACH REGENT IS REQUIRED TO CERTIFY COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY ON AN ANNUAL BASIS AND INDICATE WHETHER THE UNIVERSITY DOES BUSINESS WITH AN ENTITY IN WHICH A REGENT HAS A MATERIAL FINANCIAL INTEREST. WHEN SUCH RELATIONSHIPS EXIST, MEASURES ARE TAKEN TO MITIGATE ANY ACTUAL OR PERCEIVED CONFLICT, INCLUDING REQUIRING THAT SUCH TRANSACTIONS BE CONDUCTED AT ARM'S LENGTH, FOR GOOD AND SUFFICIENT CONSIDERATION, BASED ON TERMS THAT ARE FAIR AND REASONABLE TO AND FOR THE BENEFIT OF THE UNIVERSITY, AND IN ACCORDANCE WITH RELEVANT CONFLICT OF INTEREST LAWS. THE UNIVERSITY IS UNAWARE OF ANY SUCH ASSOCIATIONS CONSIDERED TO BE SIGNIFICANT. FORM 990, PART VI, SECTION B, LINE 15 SETON HALL UNIVERSITY CAN ENSURE AND DEMONSTRATE THAT OUR COMPENSATION ACTIONS DO NOT INURE TO THE BENEFIT OF A PRIVATE INDIVIDUAL. WE CAN DEMONSTRATE THAT THE COMPENSATION OF ALL DISQUALIFIED PERSONS, SUCH AS OFFICERS, DIRECTORS, AND KEY EMPLOYEES, IS CONSIDERED REASONABLE AND WOULD ORDINARILY BE PAID FOR LIKE SERVICES BY LIKE ENTERPRISES UNDER LIKE CIRCUMSTANCES. THE REASONABLENESS OF OUR COMPENSATION TAKES INTO ACCOUNT ALL BENEFITS. ANY COMPENSATION TRANSACTIONS FOR THESE INDIVIDUALS ARE APPROVED BY AN AUTHORIZED BODY OF INDIVIDUALS WHO HAVE NO CONFLICT OF INTEREST. UTILIZING A COMPENSATION CONSULTANT, APPROPRIATE COMPENSATION DATA IS RELIED UPON FOR COMPARABILITY AND PROOF OF FAIR MARKET VALUE, BEFORE MAKING A DECISION. COMPENSATION DECISIONS AND REPORTS ARE CONTEMPORANEOUSLY DOCUMENTED IN THE MINUTES OF THE MEETING OF THE COMMITTEE WHEN THE DECISIONS ARE MADE. FORM 990, PART VI, SECTION C, LINE 19 THE UNIVERSITY'S CONFLICT OF INTEREST POLICY IS POSTED ON THE UNIVERSITY'S WEB SITE. PART VII, SECTION A, COLUMN A KATIA PASSERINI, PH.D., STARTED AS INTERIM PRESIDENT/TRUSTEE/REGENT ON JULY 24, 2023. JOSEPH E. NYRE PH.D., WAS PRESIDENT/TRUSTEE/REGENT UP UNTIL JULY 21, 2023. DONNA M. MCMONAGLE WAS VP FOR FINANCE AND CFO UNTIL FEBRUARY 23, 2024. EDWARD J. BISHOF, M.B.A., BECAME INTERIM VP FOR FINANCE AND CFO ON FEBRUARY 24, 2024. ACCORDINGLY, HE IS REPORTED ON THE FORM 990 WITH NO COMPENSATION IN CALENDAR 2023. ERIK LILLQUIST, J.D., BECAME INTERIM PROVOST AND E.V.P. ON JULY 30, 2023. AMY F. NEWCOMBE M.ED., J.D., BECAME INTERIM V.P. BOARD AFFAIRS AND STRATEGY ON AUGUST 18, 2023. MICHELE NELSON, PH.D., WAS V.P. BOARD AFFAIRS AND STRATEGY UNTIL SEPTEMBER 1, 2023. BRIAN SHULMAN, PH.D. WAS DEAN SCHOOL OF HEALTH & MEDICAL SCIENCES UP UNTIL MAY 19, 2023. VICKRAM DAYALU PH.D., BECAME INTERIM DEAN SCHOOL OF HEALTH & MEDICAL SCIENCES ON JULY 1, 2023. FORM 990, PART XI, LINE 9: PROVISION FOR UNCOLLECTIBLE CONTRIBUTION RECEIVABLE -297,000. CHNAGE IN VALUE OF SPLIT INTEREST AGREEMENTS 211,000. ROMAN CATHOLIC ARCHDIOCESE OF NEWARK 171 CLIFTON AVENUE NEWARK NJ 07104 221487308 SEE PART VII NJ 501 (C) (3) LINE 1 N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 PART II : IDENTIFICATION OF RELATED TAX-EXEMPT ORG. PRIMARY ACTIVITY PRIMARY ACTIVITY OF ROMAN CATHOLIC ARCHDIOCESE OF NEWARK - OVERSEES THE CATHOLIC CHURCH IN CERTAIN COUNTIES OF NEW JERSEY.