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SACRED HEART UNIVERSITY: Form 990, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
SACRED HEART UNIVERSITY (EIN 06-0776644)
Tax period
2023-07-01 to 2024-06-30
Filed
2025-05-15
IRS object ID
202511359349306401
Schema version
2023v6.0
Source
Download XML · Original 990 at ProPublica

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

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2025-05-15T10:43:43+00:00ReturnTs
Tax Period End2024-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN440160260PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Forvis Mazars LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1111 E Wayne Street Suite 600AddressLine1Txt
CityFort WayneCityNm
State AbbreviationINStateAbbreviationCd
ZIP46802ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2023-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN060776644EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1SACRED HEART UNIVERSITY INCORPORATEDBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlSACRBusinessNameControlTxt
Phone2033968223PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line15151 PARK AVENUEAddressLine1Txt
CityFAIRFIELDCityNm
State AbbreviationCTStateAbbreviationCd
ZIP06825ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonJOHN PETILLOPersonNm
Person TitlePRESIDENTPersonTitleTxt
Phone2033968223PhoneNum
Signature2025-05-15SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (true)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonLauren DentonPreparerPersonNm
PTINP01571860PTIN
Phone2604604000PhoneNum
Preparation2025-05-15PreparationDt
FieldValueIRS element (for citing)
Tax2023TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990 IRS990

Principal Ofcr Business Name PrincipalOfcrBusinessName

FieldValueIRS element (for citing)
Business Name Line1JOHN PETILLOBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line15151 PARK AVENUEAddressLine1Txt
CityFAIRFIELDCityNm
State AbbreviationCTStateAbbreviationCd
ZIP06825ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$584,272,332GrossReceiptsAmt
Group Return For AffiliatesfalseGroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.SACREDHEART.EDUWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1963FormationYr
Legal Domicile StateCTLegalDomicileStateCd
Activity Or MissionTHE UNIVERSITY IS A CO-EDUCATIONAL INSTITUTION OF HIGHER LEARNING OFFERING UNDERGRADUATE, GRADUATE AND DOCTORAL DEGREES, AS WELL AS CONTINUING EDUCATION IN A VARIETY OF DISCIPLINES, WITH A COMMITMENT TO LEADERSHIP IN CATHOLIC HIGHER EDUCATION.ActivityOrMissionDesc
Voting Members Governing Body28VotingMembersGoverningBodyCnt
Voting Members Independent26VotingMembersIndependentCnt
Total Employee5867TotalEmployeeCnt
Total Volunteers150TotalVolunteersCnt
Total Gross UBI$8,394,564TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$23,827,438PYContributionsGrantsAmt
CY Contributions Grants$19,690,924CYContributionsGrantsAmt
PY Program Service Revenue$471,698,261PYProgramServiceRevenueAmt
CY Program Service Revenue$501,559,365CYProgramServiceRevenueAmt
PY Investment Income$13,504,882PYInvestmentIncomeAmt
CY Investment Income$18,918,100CYInvestmentIncomeAmt
PY Other Revenue$10,371PYOtherRevenueAmt
CY Other Revenue-$198,203CYOtherRevenueAmt
PY Total Revenue$509,040,952PYTotalRevenueAmt
CY Total Revenue$539,970,186CYTotalRevenueAmt
PY Grants And Similar Paid$124,369,238PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$136,434,867CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$148,539,091PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$158,476,811CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$522,502PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$307,050CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$4,148,593CYTotalFundraisingExpenseAmt
PY Other Expenses$151,192,281PYOtherExpensesAmt
CY Other Expenses$163,926,081CYOtherExpensesAmt
PY Total Expenses$424,623,112PYTotalExpensesAmt
CY Total Expenses$459,144,809CYTotalExpensesAmt
PY Revenues Less Expenses$84,417,840PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$80,825,377CYRevenuesLessExpensesAmt
Total Assets BOY$1,356,203,738TotalAssetsBOYAmt
Total Assets EOY$1,450,684,018TotalAssetsEOYAmt
Total Liabilities BOY$588,582,233TotalLiabilitiesBOYAmt
Total Liabilities EOY$571,042,177TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$767,621,505NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$879,641,841NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionAT SACRED HEART UNIVERSITY, WE NOT ONLY PREPARE STUDENTS FOR THE FUTURE, BUT ALSO GIVE THEM A DEEPER APPRECIATION OF WHO THEY ARE AND ALL THEY CAN BE, THROUGH OUR DISTINCTIVE MISSION AND COMMITMENT TO LEADERSHIP IN CATHOLIC HIGHER EDUCATION, WE HELP STUDENTS HELP OTHERS. THE UNIVERSITY IS A CO-EDUCATION INSTITUTION OF HIGHER LEARNING OFFERING UNDERGRADUATE, GRADUATE AND DOCTORAL DEGREES, AS WELL AS CONTINUING EDUCATION IN A VARIETY OF DISCIPLINES, WITH A COMMITMENT TO LEADERSHIP IN CATHOLIC HIGHER EDUCATION.MissionDesc
Significant New Program SrvcfalseSignificantNewProgramSrvcInd
Significant ChangefalseSignificantChangeInd
Expense$136,434,867ExpenseAmt
Grant$136,434,867GrantAmt
Revenue$0RevenueAmt
DescSacred Heart University's Student Financial Assistance Office is dedicated to helping students and their families find the most affordable options for attending college. Full-time undergraduate students can access two main types of financial assistance: (1) traditional merit- or need-based aid, and (2) a variety of other resources available to all families, regardless of eligibility for traditional aid. Part-time undergraduate and graduate students may also qualify for several financial assistance options.Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
Expense$130,439,318ExpenseAmt
Grant$0GrantAmt
Revenue$415,684,901RevenueAmt
DescSACRED HEART CONTINUES TO OFFER A BROAD ARRAY OF UNDERGRADUATE AND GRADUATE PROGRAMS. REGARDLESS OF WHICH UNDERGRADUATE OR GRADUATE PROGRAM IS CHOSEN, OUR FOCUS ON ACADEMIC OPPORTUNITIES - ROOTED IN THE CATHOLIC INTELLECTUAL TRADITION AND THE PRINCIPLES OF ENGAGED LEARNING - PROVIDES EACH STUDENT WITH A RICH, PERSONALIZED EDUCATIONAL EXPERIENCE.Desc

Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp

FieldValueIRS element (for citing)
Expense$70,495,698ExpenseAmt
Grant$0GrantAmt
Revenue$5,224,379RevenueAmt
DescSACRED HEART UNIVERSITY IS COMMITTED TO MEETING THE NEEDS OF ITS DIVERSE STUDENT BODY BY OFFERING A WIDE RANGE OF SERVICES DESIGNED TO SUPPORT STUDENT SUCCESS. THROUGH ACADEMIC ADVISING, STUDENT LIFE, CAREER SERVICES, THE STUDENT SUCCESS CENTER, THE OFFICE OF ACCESSIBILITY, AND THE MAUREEN HAMILTON WELLNESS CENTER, THE UNIVERSITY PROVIDES RESOURCES THAT ALIGN WITH ITS MISSION. IN ADDITION, THE UNIVERSITY PROMOTES ACTIVE, ENGAGED LEARNING BEYOND THE CLASSROOM. OUR ATHLETICS PROGRAMS ARE ABOUT MORE THAN COMPETITION-THEY ARE ROOTED IN A TRADITION OF HELPING STUDENT-ATHLETES REACH THEIR FULL POTENTIAL, BUILD STRONG CHARACTER, EMPOWER THEIR MINDS, AND DEVELOP SELF-CONFIDENCE AND LEADERSHIP SKILLS.Desc

Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp

FieldValueIRS element (for citing)
Expense$71,495,408ExpenseAmt
Grant$0GrantAmt
Revenue$80,650,085RevenueAmt
DescAUXILIARY ENTERPRISES AND OTHER MISCELLANEOUS SERVICES USED TO SUPPORT THE PURPOSE AND MISSION OF SACRED HEART UNIVERSITY.Desc
FieldValueIRS element (for citing)
Total Other Prog Srvc Expense$71,495,408TotalOtherProgSrvcExpenseAmt
Total Other Prog Srvc Revenue$80,650,085TotalOtherProgSrvcRevenueAmt
Total Program Service Expenses$408,865,291TotalProgramServiceExpensesAmt
Described In Section501c3Yes (true)DescribedInSection501c3Ind
Schedule B RequiredYes (true)ScheduleBRequiredInd
Political Campaign ActyfalsePoliticalCampaignActyInd
Lobbying ActivitiesYes (true)LobbyingActivitiesInd
Donor Advised FundfalseDonorAdvisedFundInd
Conservation EasementsfalseConservationEasementsInd
Collections Of ArtYes (true)CollectionsOfArtInd
Credit CounselingfalseCreditCounselingInd
Donor Rstr Or Quasi EndowmentsYes (true)DonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (true)ReportLandBuildingEquipmentInd
Report Investments Other SecfalseReportInvestmentsOtherSecInd
Report Program Related InvstfalseReportProgramRelatedInvstInd
Report Other AssetsfalseReportOtherAssetsInd
Report Other LiabilitiesYes (true)ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (true)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtfalseIndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtYes (true)ConsolidatedAuditFinclStmtInd
School OperatingYes (true)SchoolOperatingInd
Foreign OfficeYes (true)ForeignOfficeInd
Foreign ActivitiesYes (true)ForeignActivitiesInd
More Than5000 K To OrgfalseMoreThan5000KToOrgInd
More Than5000 K To IndividualsfalseMoreThan5000KToIndividualsInd
Professional FundraisingYes (true)ProfessionalFundraisingInd
Fundraising ActivitiesYes (true)FundraisingActivitiesInd
Gaming ActivitiesfalseGamingActivitiesInd
Operate HospitalfalseOperateHospitalInd
Grants To OrganizationsYes (true)GrantsToOrganizationsInd
Grants To IndividualsYes (true)GrantsToIndividualsInd
Schedule J RequiredYes (true)ScheduleJRequiredInd
Tax Exempt BondsYes (true)TaxExemptBondsInd
Invest Tax Exempt BondsfalseInvestTaxExemptBondsInd
Escrow AccountfalseEscrowAccountInd
On Behalf Of IssuerfalseOnBehalfOfIssuerInd
Engaged In Excess Benefit TransfalseEngagedInExcessBenefitTransInd
PY Excess Benefit TransfalsePYExcessBenefitTransInd
Loan OutstandingfalseLoanOutstandingInd
Grant To Related PersonYes (true)GrantToRelatedPersonInd
Business Rln With Org MemfalseBusinessRlnWithOrgMemInd
Business Rln With Fam MemfalseBusinessRlnWithFamMemInd
Business Rln With35 Ctrl EntfalseBusinessRlnWith35CtrlEntInd
Deductible Non Cash ContriYes (true)DeductibleNonCashContriInd
Deductible Art ContributionfalseDeductibleArtContributionInd
Terminate OperationsfalseTerminateOperationsInd
Partial LiquidationfalsePartialLiquidationInd
Disregarded EntityYes (true)DisregardedEntityInd
Related EntityfalseRelatedEntityInd
Related Organization Ctrl EntfalseRelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd OrgfalseTrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted PrtshpfalseActivitiesConductedPrtshpInd
Schedule O RequiredYes (true)ScheduleORequiredInd
Info In Schedule O Part VYes (X)InfoInScheduleOPartVInd
IRP Document13430IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (true)BackupWthldComplianceInd
Employee5867EmployeeCnt
Employment Tax Returns FiledYes (true)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over LimitYes (true)UnrelatedBusIncmOverLimitInd
Form990 T FiledYes (true)Form990TFiledInd
Foreign Financial AccountYes (true)ForeignFinancialAccountInd
Foreign CountryEIForeignCountryCd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Taxable Party NotificationfalseTaxablePartyNotificationInd
Nondeductible ContributionsfalseNondeductibleContributionsInd
Quid Pro Quo ContributionsYes (true)QuidProQuoContributionsInd
Quid Pro Quo Contri DisclYes (true)QuidProQuoContriDisclInd
Form8282 Property Disposed OffalseForm8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Indoor Tanning ServicesfalseIndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht PymtYes (true)SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst IncfalseSubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members28GoverningBodyVotingMembersCnt
Independent Voting Member26IndependentVotingMemberCnt
Family Or Business RlnfalseFamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesfalseDelegationOfMgmtDutiesInd
Change To Org DocumentsfalseChangeToOrgDocumentsInd
Material Diversion Or MisusefalseMaterialDiversionOrMisuseInd
Members Or StockholdersfalseMembersOrStockholdersInd
Election Of Board MembersfalseElectionOfBoardMembersInd
Decisions Subject To ApprovafalseDecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (true)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (true)MinutesOfCommitteesInd
Officer Mailing AddressfalseOfficerMailingAddressInd
Local ChaptersYes (true)LocalChaptersInd
Policies Reference ChaptersYes (true)PoliciesReferenceChaptersInd
Form990 Provided To Gvrn BodyfalseForm990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (true)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (true)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (true)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (true)WhistleblowerPolicyInd
Document Retention PolicyYes (true)DocumentRetentionPolicyInd
Compensation Process CEOYes (true)CompensationProcessCEOInd
Compensation Process OtherYes (true)CompensationProcessOtherInd
Investment In Joint VenturefalseInvestmentInJointVentureInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1PETER WARDBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone2033968223PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line15151 PARK AVENUEAddressLine1Txt
CityFAIRFIELDCityNm
State AbbreviationCTStateAbbreviationCd
ZIP06825ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (40 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtAverage Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtKey EmployeeKeyEmployeeIndHighest Compensated EmployeeHighestCompensatedEmployeeInd
Christopher K McLeod LEFT 923
Treasurer1.00.0Yes (X)Yes (X)$0$0$0
Gary Levin
Vice Chairman1.00.0Yes (X)Yes (X)$0$0$0
John J Petillo PhD
President35.00.0Yes (X)Yes (X)$1,350,863$0$125,732
John Vazquez
CHAIRMAN1.00.0Yes (X)Yes (X)$0$0$0
Linda McMahon Start 923
Treasurer1.00.0Yes (X)Yes (X)$0$0$0
Susan Davis RN EDD FACHE
SECRETARY1.00.0Yes (X)Yes (X)$0$0$0
Cory Robinson
Trustee1.00.0Yes (X)$0$0$0
Dominick Ferro
Trustee1.00.0Yes (X)$0$0$0
Douglas Kennedy
Trustee1.00.0Yes (X)$0$0$0
Eric Wood EdD
Trustee1.00.0Yes (X)$0$0$0
Frank Martire
Trustee1.00.0Yes (X)$0$0$0
James Morley Jr
Trustee1.00.0Yes (X)$0$0$0
John Cofini
Trustee1.00.0Yes (X)$0$0$0
Julie Bonacio
Trustee1.00.0Yes (X)$0$0$0
Kathleen Boozang
Trustee1.00.0Yes (X)$0$0$0
Keith McCullough
Trustee1.00.0Yes (X)$0$0$0
Kenneth Siegel JD
Trustee1.00.0Yes (X)$0$0$0
Madeline Serpico
Trustee1.00.0Yes (X)$0$0$0
Mary-Ann Bunting
Trustee1.00.0Yes (X)$0$0$0
Morgan Ford
Trustee1.00.0Yes (X)$0$0$0
Nicholas Patino
Trustee1.00.0Yes (X)$0$0$0
Pamela Miller
Trustee1.00.0Yes (X)$0$0$0
Patrick Carolan MD
Trustee1.00.0Yes (X)$0$0$0
Patrick Maggitti PhD
Trustee1.00.0Yes (X)$0$0$0
Pauline Spinelli
Trustee1.00.0Yes (X)$0$0$0
Suzanne Greco
Trustee1.00.0Yes (X)$0$0$0
Thomas Scrivo
Trustee1.00.0Yes (X)$0$0$0
William Mitchell
Trustee1.00.0Yes (X)$0$0$0
Michael Larobina ESQ
General Counsel35.00.0Yes (X)$342,872$0$47,022
Peter Ward
Sr Vice President for Finance35.00.0Yes (X)$391,609$0$67,622
Robin Cautin
Provost35.00.0Yes (X)$423,837$0$81,117
James Barquinero
Senior VP Enrollment & Athletics35.00.0$497,431$0$64,252Yes (X)
Michael Iannazzi
Sr Vice President for Administration35.00.0$388,365$0$38,159Yes (X)
Paul Sutera
Sr VP for University Advancement35.00.0$421,611$0$33,640Yes (X)
Robert M Hardy
Vice President of Human Resources35.00.0$375,792$0$51,772Yes (X)
Ann McCabe
Dean35.00.0$228,409$0$11,244Yes (X)
Karen Daley
Dean35.00.0$343,468$0$46,474Yes (X)
Marc Izzo
VP of Construction & Facilities35.00.0$253,504$0$33,006Yes (X)
Maura Iversen
Dean35.00.0$448,234$0$28,447Yes (X)
Shirley Canaan
VP of Info Technology35.00.0$294,674$0$37,023Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$5,760,669TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$665,510TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K355IndivRcvdGreaterThan100KCnt
Former Ofcr Employees ListedfalseFormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (true)TotalCompGreaterThan150KInd
Compensation From Other SrcsfalseCompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (5 entries)

Address Line1ContractorAddress/USAddress/AddressLine1TxtCityContractorAddress/USAddress/CityNmState AbbreviationContractorAddress/USAddress/StateAbbreviationCdZIPContractorAddress/USAddress/ZIPCdServicesServicesDescCompensationCompensationAmt
Compass Group USA Inc
PO Box 91337ChicagoIL606931853Food services$21,122,610
Southeast Service Corporation
2400 Yorkmont RoadCharlotteNC28217Janitorial Services$6,495,461
The S-L-A-M Collaborative Inc
80 Glastonbury BlvdGlastonburyCT06033Architectural Services$2,976,435
Wiley Edu LLC
851 Trafalgar Court Suite 420WMaitlandFL32751Online Education Services$2,685,118
DATTCO Inc
583 South StNew BritainCT06051Transportation Services$2,349,932
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K114CntrctRcvdGreaterThan100KCnt
Fundraising$1,685,289FundraisingAmt
Government Grants$7,540,377GovernmentGrantsAmt
All Other Contributions$10,465,258AllOtherContributionsAmt
Noncash Contributions$122,510NoncashContributionsAmt
Total Contributions$19,690,924TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (4 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmtUnrelated Business RevenueUnrelatedBusinessRevenueAmt
TUITION AND FEES611310$415,684,901$415,684,901
AUXILIARY ACTIVITIES611310$75,850,869$68,068,802$7,782,067
OTHER INCOME900099$6,612,855$6,000,529$612,326
PITT CENTER&ATHLETICS611620$3,410,740$3,410,740

Total Oth Program Service Rev TotalOthProgramServiceRevGrp

FieldValueIRS element (for citing)
Total Revenue Column$0TotalRevenueColumnAmt
Related Or Exempt Func Income$0RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$0ExclusionAmt
FieldValueIRS element (for citing)
Total Program Service Revenue$501,559,365TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$18,806,489TotalRevenueColumnAmt
Unrelated Business Revenue$171UnrelatedBusinessRevenueAmt
Exclusion$18,806,318ExclusionAmt

Gross Rents GrossRentsGrp

FieldValueIRS element (for citing)
Real$455,282RealAmt

Less Rental Expenses LessRentalExpensesGrp

FieldValueIRS element (for citing)
Real$357,928RealAmt

Rental Income Or Loss RentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Real$97,354RealAmt
Personal$0PersonalAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column$97,354TotalRevenueColumnAmt
Exclusion$97,354ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$43,439,086SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$43,327,475SecuritiesAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities$111,611SecuritiesAmt
Other$0OtherAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$111,611TotalRevenueColumnAmt
Exclusion$111,611ExclusionAmt
FieldValueIRS element (for citing)
Fundraising Gross Income$321,186FundraisingGrossIncomeAmt
Contri Rpt Fundraising Event$1,685,289ContriRptFundraisingEventAmt
Fundraising Direct Expenses$616,743FundraisingDirectExpensesAmt

Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp

FieldValueIRS element (for citing)
Total Revenue Column-$295,557TotalRevenueColumnAmt
Exclusion-$295,557ExclusionAmt

Miscellaneous Revenue MiscellaneousRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$0TotalRevenueColumnAmt
Related Or Exempt Func Income$0RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$0ExclusionAmt
FieldValueIRS element (for citing)
Other Revenue Total$0OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$539,970,186TotalRevenueColumnAmt
Related Or Exempt Func Income$493,164,972RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$8,394,564UnrelatedBusinessRevenueAmt
Exclusion$18,719,726ExclusionAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$136,434,867TotalAmt
Program Services$136,434,867ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$4,545,196TotalAmt
Program Services$766,158ProgramServicesAmt
Management And General$3,779,038ManagementAndGeneralAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$118,557,432TotalAmt
Program Services$103,071,396ProgramServicesAmt
Management And General$13,125,068ManagementAndGeneralAmt
Fundraising$2,360,968FundraisingAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$6,594,385TotalAmt
Program Services$5,672,022ProgramServicesAmt
Management And General$783,189ManagementAndGeneralAmt
Fundraising$139,174FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$20,638,493TotalAmt
Program Services$17,412,283ProgramServicesAmt
Management And General$2,851,252ManagementAndGeneralAmt
Fundraising$374,958FundraisingAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$8,141,305TotalAmt
Program Services$7,021,849ProgramServicesAmt
Management And General$947,879ManagementAndGeneralAmt
Fundraising$171,577FundraisingAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$382,063TotalAmt
Management And General$382,063ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$214,808TotalAmt
Program Services$14,493ProgramServicesAmt
Management And General$200,315ManagementAndGeneralAmt

Fees For Services Prof Fundraising FeesForServicesProfFundraising

FieldValueIRS element (for citing)
Total$307,050TotalAmt
Fundraising$307,050FundraisingAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

FieldValueIRS element (for citing)
Total$863,116TotalAmt
Management And General$863,116ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$35,556,309TotalAmt
Program Services$32,167,889ProgramServicesAmt
Management And General$3,211,148ManagementAndGeneralAmt
Fundraising$177,272FundraisingAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$2,109,777TotalAmt
Program Services$533,985ProgramServicesAmt
Management And General$1,546,676ManagementAndGeneralAmt
Fundraising$29,116FundraisingAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$8,363,162TotalAmt
Program Services$5,863,125ProgramServicesAmt
Management And General$2,099,626ManagementAndGeneralAmt
Fundraising$400,411FundraisingAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$5,165,089TotalAmt
Program Services$2,246,501ProgramServicesAmt
Management And General$2,871,994ManagementAndGeneralAmt
Fundraising$46,594FundraisingAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$14,595,821TotalAmt
Program Services$13,159,168ProgramServicesAmt
Management And General$1,408,428ManagementAndGeneralAmt
Fundraising$28,225FundraisingAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$12,686,417TotalAmt
Program Services$12,080,208ProgramServicesAmt
Management And General$520,962ManagementAndGeneralAmt
Fundraising$85,247FundraisingAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$597,792TotalAmt
Program Services$471,467ProgramServicesAmt
Management And General$119,173ManagementAndGeneralAmt
Fundraising$7,152FundraisingAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$13,332,225TotalAmt
Program Services$12,388,715ProgramServicesAmt
Management And General$943,510ManagementAndGeneralAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$26,044,451TotalAmt
Program Services$23,103,858ProgramServicesAmt
Management And General$2,940,593ManagementAndGeneralAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$3,372,376TotalAmt
Program Services$801,020ProgramServicesAmt
Management And General$2,571,356ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmtFundraisingFundraisingAmt
Contract Services$22,728,151$20,630,784$2,097,367
Minor Equipment Furniture$7,492,906$5,704,931$1,784,445$3,530
Repairs and Maintenance$5,485,459$4,879,965$605,494
INDIRECT COSTS/AID IN EXCESS OF TUITION/OTHER$2,812,467$2,560,549$251,918

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$2,123,692TotalAmt
Program Services$1,880,058ProgramServicesAmt
Management And General$226,315ManagementAndGeneralAmt
Fundraising$17,319FundraisingAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$459,144,809TotalAmt
Program Services$408,865,291ProgramServicesAmt
Management And General$46,130,925ManagementAndGeneralAmt
Fundraising$4,148,593FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$137,896,900BOYAmt
EOY$93,640,781EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$8,200,597BOYAmt
EOY$5,563,050EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$610,272BOYAmt
EOY$1,978,499EOYAmt

Receivables From Officers Etc ReceivablesFromOfficersEtcGrp

FieldValueIRS element (for citing)
EOY$0EOYAmt

Rcvbl From Disqualified Prsn RcvblFromDisqualifiedPrsnGrp

FieldValueIRS element (for citing)
EOY$0EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$6,458,215BOYAmt
EOY$7,970,747EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$1,176,715,394LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$329,941,630LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$794,681,370BOYAmt
EOY$846,773,764EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$241,898,602BOYAmt
EOY$348,484,076EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

FieldValueIRS element (for citing)
BOY$49,631,345BOYAmt
EOY$53,835,804EOYAmt

Investments Program Related InvestmentsProgramRelatedGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt

Intangible Assets IntangibleAssetsGrp

FieldValueIRS element (for citing)
BOY$23,430,317BOYAmt
EOY$21,047,328EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$93,396,120BOYAmt
EOY$71,389,969EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$1,356,203,738BOYAmt
EOY$1,450,684,018EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$62,939,046BOYAmt
EOY$59,174,876EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$57,532,078BOYAmt
EOY$61,694,817EOYAmt

Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$428,023,075BOYAmt
EOY$415,062,550EOYAmt

Loans From Officers Directors LoansFromOfficersDirectorsGrp

FieldValueIRS element (for citing)
EOY$0EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$40,088,034BOYAmt
EOY$35,109,934EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$588,582,233BOYAmt
EOY$571,042,177EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$706,504,591BOYAmt
EOY$815,610,537EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$61,116,914BOYAmt
EOY$64,031,304EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$767,621,505BOYAmt
EOY$879,641,841EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$1,356,203,738BOYAmt
EOY$1,450,684,018EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part XIYes (X)InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss$80,825,377ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst$30,870,399NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets$324,560OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or ReviewfalseAccountantCompileOrReviewInd
FS AuditedYes (true)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Consolidated Basis Fincl StmtYes (X)ConsolidatedBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (true)AuditCommitteeInd
Federal Grant Audit RequiredYes (true)FederalGrantAuditRequiredInd
Federal Grant Audit PerformedYes (true)FederalGrantAuditPerformedInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
SchoolYes (X)SchoolInd

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$17,624,249CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$24,155,650CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$38,218,815CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$23,827,436CurrentTaxYearMinus1YearAmt
Current Tax Year$19,989,495CurrentTaxYearAmt
Total$123,815,645TotalAmt

Tax Rev Levied Orgnztnl Bnft170 TaxRevLeviedOrgnztnlBnft170Grp

FieldValueIRS element (for citing)
Total$0TotalAmt

Govt Furn Srvc Fclts Vl170 GovtFurnSrvcFcltsVl170Grp

FieldValueIRS element (for citing)
Total$0TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$17,624,249CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$24,155,650CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$38,218,815CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$23,827,436CurrentTaxYearMinus1YearAmt
Current Tax Year$19,989,495CurrentTaxYearAmt
Total$123,815,645TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$2,454,211SubstantialContributorsTotAmt
Public Support Total170$121,361,434PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$5,525,695CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$4,867,270CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$9,250,622CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$14,805,863CurrentTaxYearMinus1YearAmt
Current Tax Year$19,261,600CurrentTaxYearAmt
Total$53,711,050TotalAmt

Unrelated Business Net Incm170 UnrelatedBusinessNetIncm170Grp

FieldValueIRS element (for citing)
Total$0TotalAmt

Other Income170 OtherIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$0CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$0CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$0CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$0CurrentTaxYearMinus1YearAmt
Current Tax Year$0CurrentTaxYearAmt
Total$0TotalAmt
FieldValueIRS element (for citing)
Total Support$177,526,695TotalSupportAmt
Gross Receipts Rltd Activities$2,140,021,068GrossReceiptsRltdActivitiesAmt
Public Support CY1700.6836PublicSupportCY170Pct
Public Support PY1700.7304PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

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

Schedule C IRS990ScheduleC

FieldValueIRS element (for citing)
VolunteersfalseVolunteersInd
Paid Staff Or ManagementfalsePaidStaffOrManagementInd
Media AdvertisementsfalseMediaAdvertisementsInd
Mailings MembersfalseMailingsMembersInd
Publications Or BroadcastfalsePublicationsOrBroadcastInd
Grants Other OrganizationsfalseGrantsOtherOrganizationsInd
Direct Contact LegislatorsfalseDirectContactLegislatorsInd
Rallies DemonstrationsfalseRalliesDemonstrationsInd
Other ActivitiesYes (true)OtherActivitiesInd
Other Activities$0OtherActivitiesAmt
Total Lobbying Expenditures$0TotalLobbyingExpendituresAmt
Not Described Section501c3falseNotDescribedSection501c3Ind

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceSchedule C, Part II-B, Line 1 DETAILED DESCRIPTION OF THE LOBBYING ACTIVITYFormAndLineReferenceDesc
ExplanationSacred Heart University does not employ lobbyists, as defined by state statute, as paid staff, or management. However, some employees engage with government officials and agencies for purposes unrelated to influencing legislation or public opinion on legislative matters or referenda. Occasionally, this includes providing testimony before legislative committees on higher education issues in Connecticut. Additionally, the university pays membership dues to NACUBO and CCIC, a portion of which supports various advocacy efforts.ExplanationTxt

Schedule D IRS990ScheduleD

Art Public Exhibition Amounts ArtPublicExhibitionAmountsGrp

FieldValueIRS element (for citing)
Assets Included$1,690,671AssetsIncludedAmt
FieldValueIRS element (for citing)
Collection Used Pub ExhibitionYes (X)CollectionUsedPubExhibitionInd
Solicited Assets SalefalseSolicitedAssetsSaleInd

CY Endwmt Fund CYEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$269,446,297BeginningYearBalanceAmt
Contributions$11,804,822ContributionsAmt
Investment Earnings Or Losses$36,769,605InvestmentEarningsOrLossesAmt
Other Expenditures$1,147,619OtherExpendituresAmt
End Year Balance$316,873,105EndYearBalanceAmt

CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$240,059,029BeginningYearBalanceAmt
Contributions$10,533,330ContributionsAmt
Investment Earnings Or Losses$20,343,977InvestmentEarningsOrLossesAmt
Other Expenditures$1,490,039OtherExpendituresAmt
End Year Balance$269,446,297EndYearBalanceAmt

CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$247,117,996BeginningYearBalanceAmt
Contributions$12,157,924ContributionsAmt
Investment Earnings Or Losses-$18,106,647InvestmentEarningsOrLossesAmt
Other Expenditures$1,110,244OtherExpendituresAmt
End Year Balance$240,059,029EndYearBalanceAmt

CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$191,568,286BeginningYearBalanceAmt
Contributions$8,816,292ContributionsAmt
Investment Earnings Or Losses$47,746,818InvestmentEarningsOrLossesAmt
Other Expenditures$1,013,400OtherExpendituresAmt
End Year Balance$247,117,996EndYearBalanceAmt

CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$178,215,437BeginningYearBalanceAmt
Contributions$12,638,158ContributionsAmt
Investment Earnings Or Losses$5,611,837InvestmentEarningsOrLossesAmt
Other Expenditures$4,897,146OtherExpendituresAmt
End Year Balance$191,568,286EndYearBalanceAmt
FieldValueIRS element (for citing)
Board Designated Balance EOY0.8449BoardDesignatedBalanceEOYPct
Prmnnt Endowment Balance EOY0.0942PrmnntEndowmentBalanceEOYPct
Term Endowment Balance EOY0.0609TermEndowmentBalanceEOYPct
Endowments Held Unrelated OrgfalseEndowmentsHeldUnrelatedOrgInd
Endowments Held Related OrgfalseEndowmentsHeldRelatedOrgInd

Land LandGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$70,976,955OtherCostOrOtherBasisAmt
Book Value$70,976,955BookValueAmt

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$821,538,691OtherCostOrOtherBasisAmt
Depreciation$171,419,522DepreciationAmt
Book Value$650,119,169BookValueAmt

Leasehold Improvements LeaseholdImprovementsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$94,273,716OtherCostOrOtherBasisAmt
Depreciation$55,185,706DepreciationAmt
Book Value$39,088,010BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$94,675,487OtherCostOrOtherBasisAmt
Depreciation$77,716,294DepreciationAmt
Book Value$16,959,193BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$95,250,545OtherCostOrOtherBasisAmt
Depreciation$25,620,108DepreciationAmt
Book Value$69,630,437BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$846,773,764TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (3 entries)

DescDescAmtAmt
GOVERNMENT GRANTS REFUNDABLE - STUDENT LOANS$15,127
LEASE LIABILITY$21,629,810
Taxable Bonds$13,464,997
FieldValueIRS element (for citing)
Total Liability$35,109,934TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$434,841,833TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst$30,870,399NetUnrealizedGainsInvstAmt
Other Revenue$1,299,231OtherRevenueAmt
Revenue Not Reported$32,169,630RevenueNotReportedAmt
Revenue Subtotal$402,672,203RevenueSubtotalAmt
Other Revenues Not Included$137,297,983OtherRevenuesNotIncludedAmt
Revenue Not Reported Fincl Stmt$137,297,983RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$539,970,186TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$322,821,497TotExpnsEtcAuditedFinclStmtAmt
Other Expenses Included$974,671OtherExpensesIncludedAmt
Expenses Not Reported$974,671ExpensesNotReportedAmt
Expenses Subtotal$321,846,826ExpensesSubtotalAmt
Other Expenses Not Included$137,297,983OtherExpensesNotIncludedAmt
Expenses Not Rpt Fincl Stmt$137,297,983ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$459,144,809TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (8 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Schedule D, Part X, Line 2The University is exempt from federal income taxes under Section 501(a), as an organization described in Section 501(c)(3) of the Internal Revenue Code, as amended. Accordingly, it is not subject to income taxes except to the extent it has taxable income from activities that are unrelated to its exempt purpose. The University recognizes the effect of income tax positions only if those positions are likely to be sustained. No provision for income taxes was required for fiscal year 2024 or 2023.
Schedule D, Part III, Line 4 Collections of art - description of collectionsWORKS OF ART ARE CONTRIBUTED TO THE UNIVERSITY FROM VARIOUS DONORS OR PURCHASED FOR PUBLIC EXHIBITION. THE SCHOOL DISPLAYS THEM IN VARIOUS LOCATIONS ACROSS THE UNIVERSITY FOR PUBLIC VIEWING.
Schedule D, Part V, Line 4 Intended uses of endowment fundsTHE UNIVERSITY USES THE FUNDS FOR STUDENT SCHOLARSHIPS, TO PROVIDE EDUCATIONAL AND SUPPORT SERVICES, AND TO MAINTAIN AND EXPAND THE UNIVERSITY CAPITAL INFRASTRUCTURE IN ORDER TO SUSTAIN THE UNIVERSITY'S FINANCIAL STABILITY.
Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnoteMANAGEMENT HAS EVALUATED THEIR INCOME TAX POSITIONS UNDER THE GUIDANCE INCLUDED IN ASC 740. BASED ON THEIR REVIEW, MANAGEMENT HAS NOT IDENTIFIED ANY MATERIAL UNCERTAIN TAX POSITIONS TO BE RECORDED OR DISCLOSED IN THE FINANCIAL STATEMENTS.
Schedule D, Part XI, Line 2(d) Other revenues in audited financial statements not in form 990Change in the Value of Interest Rate Swaps - 324560 Rental Expenses - 357928 Fundraising Expenses - 616743
Schedule D, Part XI, Line 4(b) Other revenues in form 990 not in audited financial statementsStudent Aid - XXX-XX-XXXX Resident Hall Aux - 2445655 Investment Expense - 863116
Schedule D, Part XII, Line 2(d) Other expenses in audited financial statements not in form 990Rental Expenses - 357928 Fundraising Expenses - 616743
Schedule D, Part XII, Line 4(b) Other expenses in form 990 not in audited financial statementsStudent Aid Reclass - XXX-XX-XXXX Redisent Hall Aux - 2445655 Investment Expense - 863116

Schedule E IRS990ScheduleE

FieldValueIRS element (for citing)
Nondiscriminatory Policy StmtYes (true)NondiscriminatoryPolicyStmtInd
Policy Stmt In Brochures EtcYes (true)PolicyStmtInBrochuresEtcInd
Plcy Pblczd Via Broadcast MediaYes (true)PlcyPblczdViaBroadcastMediaInd
Maintain Racial Comp RecsYes (true)MaintainRacialCompRecsInd
Maintain Scholarships RecsYes (true)MaintainScholarshipsRecsInd
Maintain Cpy Of Brochures EtcYes (true)MaintainCpyOfBrochuresEtcInd
Maintain Cpy Of All SolYes (true)MaintainCpyOfAllSolInd
Discriminate Race Stdnts RghtsfalseDiscriminateRaceStdntsRghtsInd
Discriminate Race Admiss PlcyfalseDiscriminateRaceAdmissPlcyInd
Discriminate Race Emplm FcultyfalseDiscriminateRaceEmplmFcultyInd
Discriminate Race SchsfalseDiscriminateRaceSchsInd
Discriminate Race Educ PlcyfalseDiscriminateRaceEducPlcyInd
Discriminate Race Use Of FcltsfalseDiscriminateRaceUseOfFcltsInd
Discriminate Race Athlt ProgfalseDiscriminateRaceAthltProgInd
Discriminate Race Other ActyfalseDiscriminateRaceOtherActyInd
Government Financial Aid RcvdYes (true)GovernmentFinancialAidRcvdInd
Government Financial Aid RvkdfalseGovernmentFinancialAidRvkdInd
Compliance With Rev Proc7550Yes (true)ComplianceWithRevProc7550Ind

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Schedule E, Part I, Line 3 RACIALLY NONDISCRIMINATORY POLICYSACRED HEART UNIVERSITY'S POLICY WHICH PROHIBITS DISCRIMINATION AGAINST PERSONS BECAUSE OF RACE, GENDER, SEXUAL ORIENTATION, PREGNANCY, COLOR, MARITAL STATUS, VETERAN STATUS, RELIGION, AGE, DISABILITY, HANDICAP, NATIONAL ORIGIN OR ANCESTRY IN ITS EMPLOYMENT POLICIES AND ITS EDUCATION AND ADMISSIONS PROGRAMS IS AVAILABLE ONLINE, IN ITS ACADEMIC CATALOG, AND WITHIN ITS STUDENT HANDBOOK.
Schedule E, Part I, Line 6(a) FINANCIAL AID OR ASSISTANCE FROM A GOVERNMENTSACRED HEART UNIVERSITY RECEIVES FUNDS FROM THE US DEPARTMENT OF EDUCATION. THE PROGRAM FUNDS THAT THE UNIVERSITY ADMINISTERS ARE FEDERAL PELL GRANT, FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANT (FSEOG) AND FEDERAL WORK-STUDY (FWS), WHICH ARE TITLE IV STUDENT AID PROGRAMS. THE UNIVERSITY ALSO RECEIVES FUNDS AND PROCESSES ACCORDING TO THE CRITERIA OF STATE GOVERNMENT AGENCIES. PRIMARY FUNDING IS FROM THE STATE OF CONNECTICUT OFFICE OF HIGHER EDUCATION. OTHER STATES THAT PROVIDE ASSISTANCE TO STATE RESIDENTS ATTENDING AN OUT OF STATE INSTITUTION ARE PROCESSED AS WE RECEIVE NOTIFICATION OF ENROLLED ELIGIBLE STUDENTS.

Schedule F IRS990ScheduleF

Account Activities Outside US AccountActivitiesOutsideUSGrp (5 entries)

RegionRegionTxtOfficesOfficesCntEmployeeEmployeeCntType Of Activities ConductedTypeOfActivitiesConductedTxtSpecific Services ProvidedSpecificServicesProvidedTxtRegion Total ExpendituresRegionTotalExpendituresAmt
Europe (Including Iceland and Greenland)118Program ServicesEducational$3,009,160
Central America and the Caribbean00Program Services,Mission Related TripsEducational$46,673
East Asia and the Pacific00Program ServicesEducational$14,715
Central America and the Caribbean00Investments$34,262,807
Europe (Including Iceland and Greenland)00Investments$13,764,211
FieldValueIRS element (for citing)
Subtotal Offices1SubtotalOfficesCnt
Subtotal Employees18SubtotalEmployeesCnt
Continuation Total Office0ContinuationTotalOfficeCnt
Continuation Total Employee0ContinuationTotalEmployeeCnt
Total Office1TotalOfficeCnt
Total Employee18TotalEmployeeCnt
Subtotal Spent$51,097,566SubtotalSpentAmt
Continuation Spent$0ContinuationSpentAmt
Total Spent$51,097,566TotalSpentAmt
Transfer To Foreign CorpYes (true)TransferToForeignCorpInd
Interest In Foreign TrustfalseInterestInForeignTrustInd
Foreign Corp OwnershipYes (true)ForeignCorpOwnershipInd
Passive Foreign Investmest CoYes (true)PassiveForeignInvestmestCoInd
Foreign PartnershipYes (true)ForeignPartnershipInd
Boycott CountriesYes (true)BoycottCountriesInd

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceSchedule F, Part I, Line 3 Method used to account for expenditures on org's financial statementsFormAndLineReferenceDesc
ExplanationCENTRAL AMERICA AND THE CARIBBEAN-Accrual,; EAST ASIA AND THE PACIFIC-Accrual; EUROPE (INCLUDING ICELAND AND GREENLAND)-AccrualExplanationTxt

Schedule G IRS990ScheduleG

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

Fundraiser Activity Info FundraiserActivityInfoGrp (6 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdActivityActivityTxtFundraiser Control Of FundsFundraiserControlOfFundsIndRetained By ContractorRetainedByContractorAmtNet To OrganizationNetToOrganizationAmt
The Stelter Company
10435 New York AveDes MoinesIA50322Fundraising Consultingfalse$9,466-$9,466
Lka Fundraising & Communications Inc
4800 S Macadam Ave Ste 135PortlandOR97239Fundraising Consultingfalse$50,780-$50,780
McAllister & Quinn LLC
1625 Eye St NW Ste 750WashingtonDE20006Fundraising Consultingfalse$121,200-$121,200
Premier Sports Advisors Llc
76 Szost DriveFairfieldCT06824Fundraising Consultingfalse$74,534-$74,534
Snyder Group Inc
5 River Rd st 318WiltonCT06897Fundraising Consultingfalse$45,750-$45,750
Falcom Fundraising Inc
1690 Watertower Place Suite 400AEast LansingMI48823Fundraising Consultingfalse$5,320-$5,320
FieldValueIRS element (for citing)
Total Gross Receipts$0TotalGrossReceiptsAmt
Total Retained By Contractors$307,050TotalRetainedByContractorsAmt
Total Net To Organization-$307,050TotalNetToOrganizationAmt
Licensed StatesCALicensedStatesCd
Licensed StatesCTLicensedStatesCd
Licensed StatesINLicensedStatesCd
Licensed StatesKSLicensedStatesCd
Licensed StatesKYLicensedStatesCd
Licensed StatesNJLicensedStatesCd
Licensed StatesNYLicensedStatesCd
Licensed StatesNCLicensedStatesCd
Licensed StatesORLicensedStatesCd

Fundraising Event Information FundraisingEventInformationGrp

FieldValueIRS element (for citing)
Event1Pioneer Scholarship GalaEvent1Nm
Gross Receipts Event1$621,581GrossReceiptsEvent1Amt
Charitable Contri Event1$542,081CharitableContriEvent1Amt
Gross Revenue Event1$79,500GrossRevenueEvent1Amt
Food And Beverage Event1$55,516FoodAndBeverageEvent1Amt
Entertainment Event1$12,097EntertainmentEvent1Amt
Other Direct Expenses Event1$92,308OtherDirectExpensesEvent1Amt
Event2SHU InvitationalEvent2Nm
Gross Receipts Event2$452,000GrossReceiptsEvent2Amt
Charitable Contri Event2$384,734CharitableContriEvent2Amt
Gross Revenue Event2$67,266GrossRevenueEvent2Amt
Non Cash Prizes Event2$43,586NonCashPrizesEvent2Amt
Rent Facility Costs Event2$12,141RentFacilityCostsEvent2Amt
Food And Beverage Event2$29,911FoodAndBeverageEvent2Amt
Entertainment Event2$625EntertainmentEvent2Amt
Other Direct Expenses Event2$63,341OtherDirectExpensesEvent2Amt
Other Events Total7OtherEventsTotalCnt
Gross Receipts Other Events$932,894GrossReceiptsOtherEventsAmt
Charitable Contri Other Events$758,474CharitableContriOtherEventsAmt
Gross Revenue Other Events$174,420GrossRevenueOtherEventsAmt
Non Cash Prizes Other Events$9,119NonCashPrizesOtherEventsAmt
Rent Fclty Costs Other Events$44,008RentFcltyCostsOtherEventsAmt
Food And Beverage Other Events$146,646FoodAndBeverageOtherEventsAmt
Entertainment Other Events$2,500EntertainmentOtherEventsAmt
Oth Direct Expnss Other Events$104,945OthDirectExpnssOtherEventsAmt
Gross Receipts Total$2,006,475GrossReceiptsTotalAmt
Charitable Contributions Tot$1,685,289CharitableContributionsTotAmt
Gross Revenue Total Events$321,186GrossRevenueTotalEventsAmt
Non Cash Prizes Total Events$52,705NonCashPrizesTotalEventsAmt
Rent Fclty Costs Total Events$56,149RentFcltyCostsTotalEventsAmt
Food And Beverage Total Events$232,073FoodAndBeverageTotalEventsAmt
Entertainment Total Events$15,222EntertainmentTotalEventsAmt
Oth Direct Expnss Total Events$260,594OthDirectExpnssTotalEventsAmt
Direct Expense Summary Events$616,743DirectExpenseSummaryEventsAmt
Net Income Summary-$295,557NetIncomeSummaryAmt

Schedule I IRS990ScheduleI

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

Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp (4 entries)

Grant TypeGrantTypeTxtRecipientRecipientCntCash GrantCashGrantAmt
Federal Aid654$564,042
State Aid10$30,000
Residence hall assistant waivers & awards569$2,445,655
Other scholarships which are needs based or based on athletic or academic talents5584$133,800,414

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceSchedule I, Part I, Line 2 Procedures for monitoring use of grant funds.FormAndLineReferenceDesc
ExplanationTHE THREE AREAS OF FINANCIAL ASSISTANCE TO STUDENTS ARE LOANS, GRANTS AND EMPLOYMENT (WORK STUDY). THESE ARE GENERALLY AWARDED ON THE BASIS OF FINANCIAL NEED, DETERMINED BY AN ANALYSIS OF FAMILY INCOME AND ASSETS. SCHOLARSHIPS ARE ANOTHER SOURCE OF FINANCIAL ASSISTANCE. THEY ARE AWARDED ON THE BASIS OF ACADEMIC ACHIEVEMENT, EXCELLENCE IN ATHLETICS OR SPECIAL TALENTS, AND COMMUNITY SERVICE OR LEADERSHIP. CRITERIA FOR SOME MERIT BASED AWARDS ALSO INCLUDE A FINANCIAL NEEDS REQUIREMENT. CURRENTLY, THOSE STUDENTS WHO DEMONSTRATE THE GREATEST FINANCIAL NEED RECEIVE THE MOST FINANCIAL ASSISTANCE. THE UNIVERSITY MONITORS THE AMOUNTS ISSUED BY PERFORMING A COST OF ATTENDANCE CALCULATION. ONCE THE AMOUNT HAS BEEN DETERMINED FOR THE INDIVIDUAL, IT IS THEN DISBURSED TO THE STUDENT'S ACCOUNT AND IS CONTROLLED BY THE BURSAR'S OFFICE.ExplanationTxt

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Housing Allowance Or ResidenceYes (X)HousingAllowanceOrResidenceInd
Written Policy Ref T And E ExpnssYes (true)WrittenPolicyRefTAndEExpnssInd
Substantiation RequiredYes (true)SubstantiationRequiredInd
Compensation CommitteeYes (X)CompensationCommitteeInd
Form990 Of Other OrganizationsYes (X)Form990OfOtherOrganizationsInd
Written Employment ContractYes (X)WrittenEmploymentContractInd
Compensation SurveyYes (X)CompensationSurveyInd
Board Or Committee ApprovalYes (X)BoardOrCommitteeApprovalInd
Severance PaymentYes (true)SeverancePaymentInd
Supplemental Nonqual Rtr PlanfalseSupplementalNonqualRtrPlanInd
Equity Based Comp ArrngmfalseEquityBasedCompArrngmInd
Comp Based On Revenue Of Flng OrgYes (true)CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related OrgsfalseCompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng OrgYes (true)CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd OrgsfalseCompBsdNetEarnsRltdOrgsInd
Any Non Fixed PaymentsYes (true)AnyNonFixedPaymentsInd
Initial Contract ExceptionYes (true)InitialContractExceptionInd
Rebuttable Presumption ProcfalseRebuttablePresumptionProcInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (13 entries)

TitleTitleTxtBase Compensation Filing OrgBaseCompensationFilingOrgAmtCompensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmtBonus Filing OrganizationBonusFilingOrganizationAmountBonus Related OrganizationsBonusRelatedOrganizationsAmtOther Compensation Filing OrgOtherCompensationFilingOrgAmtOther Compensation Rltd OrgsOtherCompensationRltdOrgsAmtDeferred Compensation Flng OrgDeferredCompensationFlngOrgAmtDeferred Comp Rltd OrgsDeferredCompRltdOrgsAmtNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmtNontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmtTotal Compensation Filing OrgTotalCompensationFilingOrgAmtTotal Compensation Rltd OrgsTotalCompensationRltdOrgsAmtComp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmtComp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
John J Petillo PhD
President$676,677$0$660,019$0$14,167$0$26,400$0$99,332$0$1,476,595$0$0$0
Robin Cautin
Provost$315,449$0$104,889$0$3,499$0$34,791$0$46,326$0$504,954$0$0$0
Peter Ward
Sr Vice President for Finance$255,817$0$119,022$0$16,770$0$35,922$0$31,700$0$459,231$0$0$0
Michael Larobina ESQ
General Counsel$256,786$0$81,857$0$4,229$0$32,782$0$14,240$0$389,894$0$0$0
James Barquinero
Senior VP Enrollment & Athletics$337,439$0$97,989$0$62,003$0$34,239$0$30,013$0$561,683$0$0$0
Paul Sutera
Sr VP for University Advancement$321,405$0$99,046$0$1,160$0$33,640$0$0$0$455,251$0$0$0
Robert M Hardy
Vice President of Human Resources$257,156$0$115,072$0$3,564$0$35,606$0$16,166$0$427,564$0$0$0
Michael Iannazzi
Sr Vice President for Administration$240,306$0$136,225$0$11,834$0$24,919$0$13,240$0$426,524$0$0$0
Maura Iversen
Dean$254,632$0$70,000$0$123,602$0$17,682$0$10,765$0$476,681$0$0$0
Karen Daley
Dean$228,445$0$111,416$0$3,607$0$19,142$0$27,332$0$389,942$0$0$0
Shirley Canaan
VP of Info Technology$222,200$0$69,041$0$3,433$0$22,783$0$14,240$0$331,697$0$0$0
Marc Izzo
VP of Construction & Facilities$193,031$0$58,991$0$1,482$0$19,766$0$13,240$0$286,510$0$0$0
Ann McCabe
Dean$67,568$0$0$0$160,841$0$4,406$0$6,838$0$239,653$0$0$0

Supplemental Information Detail SupplementalInformationDetail (7 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Schedule J, Part I, Line 1a Housing allowance or residence for personal useTHE UNIVERSITY PROVIDES ON CAMPUS HOUSING TO ITS PRESIDENT FOR THE CONVENIENCE OF THE UNIVERSITY. THE ESTIMATED RENT IS INCLUDED AS A NON-TAXABLE BENEFIT IN PART II, COLUMN D.
Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensationCOMPENSATION FOR THE UNIVERSITY'S PRESIDENT/CEO IS DETERMINED THROUGH AN EXTENSIVE REVIEW OF THE JOB RESPONSIBILITIES AND EXPECTATIONS OUTLINED BY THE BOARD. THE COMPENSATION COMMITTEE THEN PERFORMS A REVIEW OF EXTERNAL MARKET AND INDUSTRY SURVEY AND STUDY DATA. CONSIDERATION OF ALL ADDITIONAL RESPONSIBILITIES ARE DETAILED OUT IN SPECIFIC LANGUAGE IN AN EMPLOYMENT CONTRACT APPROVED BY OUR LEGAL COUNSEL. FINAL SALARY RANGES ARE THEN DETERMINED BY THE COMPENSATION COMMITTEE. COMPENSATION IS DETERMINED BY THE EVALUATION OF THE JOB DESCRIPTION AGAINST EXTERNAL MARKET DATA AVAILABLE AS WELL AS THE REVIEW OF OUR INTERNAL EMPLOYEE DATA. CONSIDERATION OF ADDITIONAL RESPONSIBILITIES AND OTHER FACTORS MAY ALSO CONTRIBUTE IN DETERMINING COMPENSATION. THE DELIBERATION AND DECISION ARE CONTEMPORANEOUSLY DOCUMENTED.
Schedule J, Part I, Line 4a Severance or change-of-control paymentTHE DEANS, ANN MCCABE AND MAURA IVERSEN, RECIEVED A SEVERANCE PAYMENT.
Schedule J, Part I, Line 5a Compensation contingent on revenues of the organizationBONUSES ARE PAID TO SENIOR STAFF MEMBERS BASED IN PART ON ACHIEVING BUDGETED REVENUE GOALS.
Schedule J, Part I, Line 6a Compensation contingent on net earnings of the organizationBONUSES ARE PAID TO SENIOR STAFF MEMBERS BASED IN PART ON ACHIEVING THE TRANSFER TO THE TRUSTEE RESERVES. SENIOR STAFF MEMBERS HAVE PERFORMANCE MEASURES FOR MANAGING THE UNIVERSITY TO MAINTAIN A BALANCED BUDGET.
Schedule J, Part I, Line 7 Non-fixed paymentsTHERE ARE QUANTITATIVE MEASURES THAT ARE APPLIED IN DETERMINING BONUSES TO SENIOR STAFF MEMBERS. THE PRESIDENT AND THE BOARD HAVE DISCRETION TO ADJUST THE PAYMENTS FOR UNUSUAL CIRCUMSTANCES. IN ALL CASES, THESE PAYMENTS ARE REVIEWED WITH AND APPROVED BY THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES.
Schedule J, Part I, Line 8 Payments on contract that is subject to the initial contract exceptionTHE FOLLOWING INDIVIDUALS LISTED ON FORM 990, PART VII RECEIVED COMPENSATION THAT WAS PAID PURSUANT TO AN INITIAL CONTRACT WITH THE UNIVERSITY: - ROBIN CAUTIN, PROVOST - PAUL SUTERA - SR. VICE PRESIDENT FOR UNIVERSITY ADVANCEMENT - SHIRLEY CANAAN - VICE PRESIDENT OF INFO TECHNOLOGY - PETER WARD - SR. VICE PRESIDENT FOR FINANCE

Schedule K IRS990ScheduleK

Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp (4 entries)

Bond ReferenceBondReferenceCdBond Issuer EINBondIssuerEINCUSIPCUSIPNumBond IssuedBondIssuedDtIssue PriceIssuePriceAmtPurposePurposeDescDefeasedDefeasedIndOn Behalf Of IssuerOnBehalfOfIssuerIndPool FinancingPoolFinancingInd
SACRED HEART UNIVERSITY - SERIES I-1
A06077664420774y2c02017-11-22$157,271,506REFUNDING AND DEFEASANCE OF SERIES H, SETTLE LOC, CONSTRUCTION.falsefalsefalse
SACRED HEART UNIVERSITY - SERIES J-1
B0607766442017-11-22$53,465,000REFUNDING AND DEFEASANCE OF EARLIER SERIES F AND PORTION OF SERIES G.falsefalsefalse
SACRED HEART UNIVERSITY - SERIES K
C06077664420775DJT02002-09-22$150,439,692CONSTRUCTION PROJECTS INCLUDING RESIDENTIAL HOUSING.falsefalsefalse
SACRED HEART UNIVERSITY - SERIES L
D06077664420775DTR32022-04-19$112,608,678CONSTRUCTION PROJECTS INCLUDING RESIDENTIAL HOUSING AND ACADEMIC FACILITIES RENOVATION/EXPANSION.falsefalsefalse

Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp (4 entries)

Bond ReferenceBondReferenceCdRetiredRetiredAmtTotal ProceedsTotalProceedsAmtIssuance Costs From ProceedsIssuanceCostsFromProceedsAmtCapital ExpendituresCapitalExpendituresAmtOther Spent ProceedsOtherSpentProceedsAmtSubstantial CompletionSubstantialCompletionYrRefunding Tax Exempt BondsRefundingTaxExemptBondsIndRefunding Taxable BondsRefundingTaxableBondsIndFinal Allocation MadeFinalAllocationMadeIndAdequate Books And Rec MaintAdequateBooksAndRecMaintIndUnspentUnspentAmt
A$21,925,000$157,271,506$1,035,765$50,463,737$105,772,0042019Yes (true)falseYes (true)Yes (true)
B$13,613,210$53,465,000$372,301$53,092,699Yes (true)falseYes (true)Yes (true)
C$8,185,000$150,439,692$992,749$149,446,9432021falsefalseYes (true)Yes (true)
D$1,470,000$112,608,678$856,786$81,726,334falsefalsefalseYes (true)$30,025,558

Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp (4 entries)

Bond ReferenceBondReferenceCdOwning Bond Financed PropertyOwningBondFinancedPropertyIndAny Lease ArrangementsAnyLeaseArrangementsIndMgmt Contract Bond Fincd PropMgmtContractBondFincdPropIndEngage Bond Counsel ContractsEngageBondCounselContractsIndAny Research AgreementsAnyResearchAgreementsIndPrivate Bus Use By OthersPrivateBusUseByOthersPctTotal Private Business UseTotalPrivateBusinessUsePctBond Iss Meet Prvt Sec Pymt TestBondIssMeetPrvtSecPymtTestIndChange In Use Bond Financed PropChangeInUseBondFinancedPropIndProcs Nonqualified Bond RemdtdProcsNonqualifiedBondRemdtdInd
AfalsefalseYes (true)Yes (true)false0.00730.0073falsefalseYes (true)
BfalsefalseYes (true)Yes (true)false0.00020.0002falsefalseYes (true)
CfalsefalseYes (true)Yes (true)false0.00.0falsefalseYes (true)
DfalsefalseYes (true)Yes (true)false0.00.0falsefalseYes (true)

Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp (4 entries)

Bond ReferenceBondReferenceCdForm8038 T FiledForm8038TFiledIndRebate Not Due YetRebateNotDueYetIndException To RebateExceptionToRebateIndNo Rebate DueNoRebateDueIndVariable Rate IssueVariableRateIssueIndHedge Identified In Bks And RecHedgeIdentifiedInBksAndRecIndGross Proceeds Invested In GICGrossProceedsInvestedInGICIndGross Proceeds InvestedGrossProceedsInvestedIndWritten Proc To Monitor ReqsWrittenProcToMonitorReqsIndTerm Of HedgeTermOfHedgePctSuperintegrated HedgeSuperintegratedHedgeIndHedge TerminatedHedgeTerminatedInd
(no name)
AfalsefalsefalseYes (true)falsefalsefalsefalseYes (true)
M&T BANK
BfalsefalsefalseYes (true)Yes (true)Yes (true)falsefalseYes (true)19.6Yes (true)false
(no name)
CfalseYes (true)falseYes (true)falsefalsefalsefalseYes (true)
(no name)
DfalseYes (true)falseYes (true)falsefalsefalsefalseYes (true)

Procedures Corrective Action ProceduresCorrectiveActionGrp (4 entries)

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

Supplemental Information Detail SupplementalInformationDetail (6 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Schedule K, Part IV, Line 2cSERIES I-1 CALCULATION WAS PERFORMED FOR THE PERIOD 11/11/17-11/22/22, AND RESULTED IN A NEGATIVE REBATE LIABILITY.
Schedule K, Part IV, Line 2cSERIES J-1 CALCULATION WAS PERFORMED FOR THE PERIOD 11/11/17-11/22/22, AND RESULTED IN A NEGATIVE REBATE LIABILITY.
Schedule K, Part IV, Line 2cSCHEDULE K CALCULATION WILL NOT BE DUE UNTIL 9/22/2025.
Schedule K, Part IV, Line 2cSERIES L CALCULATION WILL NOT BE DUE UNTIL 4/19/2027.
Schedule K, Part IV, Line 2c COLUMN AIssuer name: SACRED HEART UNIVERSITY - SERIES I-1 The calculation for computing no rebate due was performed on 11/22/2022
Schedule K, Part IV, Line 2c COLUMN BIssuer name: SACRED HEART UNIVERSITY - SERIES J-1 The calculation for computing no rebate due was performed on 11/22/2022

Schedule L IRS990ScheduleL

Grnt Asst Bnft Interested Prsn GrntAsstBnftInterestedPrsnGrp

FieldValueIRS element (for citing)
Cash Grant$12,500CashGrantAmt
Type Of AssistanceGRANT AND OTHERTypeOfAssistanceTxt
Assistance PurposeFINANCIAL AIDAssistancePurposeTxt

Schedule M IRS990ScheduleM

Securities Publicly Traded SecuritiesPubliclyTradedGrp

FieldValueIRS element (for citing)
Non Cash CheckboxYes (X)NonCashCheckboxInd
Contribution19ContributionCnt
Noncash Contributions Rpt F990$122,510NoncashContributionsRptF990Amt
Method Of Determining RevenuesMarket valueMethodOfDeterminingRevenuesTxt
FieldValueIRS element (for citing)
Form8283 Received0Form8283ReceivedCnt
Any Property That Must Be HeldfalseAnyPropertyThatMustBeHeldInd
Review Process Unusual NC GiftsfalseReviewProcessUnusualNCGiftsInd
Third Parties UsedfalseThirdPartiesUsedInd

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceSchedule M, Part I, Line 1FormAndLineReferenceDesc
ExplanationNUMBER OF CONTRIBUTIONS REPRESENTS THE NUMBER OF ITEMS CONTRIBUTED.ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (9 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Form 990, Part III, Line 4d Description of other program services(Expenses $ 71,495,408 including grants of $ 0)(Revenue $ 80,650,085) AUXILIARY ENTERPRISES AND OTHER MISCELLANEOUS SERVICES USED TO SUPPORT THE PURPOSE AND MISSION OF SACRED HEART UNIVERSITY.
Form 990, Part VI, Line 11b Review of form 990 by governing bodyTHE FOLLOWING IS THE SUCCESSION OF THE REVIEWS THAT OCCUR PRIOR TO FILING FORM 990. REVISIONS TO THE RETURN MAY BE MADE AT ANY POINT PRIOR TO FINAL FILING OF THE RETURN: THE RETURN IS PREPARED BY AN OUTSIDE PREPARER WITH THE ASSISTANCE OF THE ACCOUNTING STAFF. THE RETURN IS THEN INDEPENDENTLY REVIEWED BY THE CONTROLLER AND SR VP FOR FINANCE. COPIES OF THE RETURN ARE PROVIDED TO THE PRESIDENT, EACH MEMBER OF THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES AND THE CORPORATE SECRETARY FOR THEIR REVIEW AND COMMENT PRIOR TO FILING.
Form 990, Part VI, Line 12c Conflict of interest policyEVERY YEAR, THE CONFLICT OF INTEREST POLICY IS REVIEWED. ALL KEY EMPLOYEES, TRUSTEES AND OFFICERS OF THE UNIVERSITY ARE REQUIRED TO REVIEW AND COMPLETE THE FORMS AS APPROPRIATE, SIGN, AND SUBMIT THE FORMS TO THEIR MANAGER OR BOARD SECRETARY FOR REVIEW AND SIGNATURE.
Form 990, Part VI, Line 15a Process to establish compensation of top management officialCOMPENSATION FOR THE UNIVERSITY'S PRESIDENT/CEO IS DETERMINED THROUGH AN EXTENSIVE REVIEW OF THE JOB RESPONSIBILITIES AND EXPECTATIONS OUTLINED BY THE BOARD. THE COMPENSATION COMMITTEE THEN PERFORMS A REVIEW OF EXTERNAL MARKET AND INDUSTRY SURVEY AND STUDY DATA. CONSIDERATION OF ALL ADDITIONAL RESPONSIBILITIES ARE DETAILED OUT IN SPECIFIC LANGUAGE IN AN EMPLOYMENT CONTRACT APPROVED BY OUR LEGAL COUNSEL. FINAL SALARY RANGES ARE THEN DETERMINED BY THE COMPENSATION COMMITTEE. COMPENSATION FOR OTHER KEY EMPLOYEES IS DETERMINED BY THE EVALUATION OF THE JOB DESCRIPTION AGAINST EXTERNAL MARKET DATA AVAILABLE AS WELL AS THE REVIEW OF OUR INTERNAL EMPLOYEE DATA. CONSIDERATION OF ADDITIONAL RESPONSIBILITIES AND OTHER FACTORS MAY ALSO CONTRIBUTE IN DETERMINING COMPENSATION.
Form 990, Part VI, Line 15b Process to establish compensation of other employeesCOMPENSATION FOR THE UNIVERSITY'S OTHER OFFICERS AND KEY EMPLOYEES IS ORIGINALLY DETERMINED BASED ON EXTERNAL MARKET AND INDUSTRY SURVEY AS WELL AS THE REVIEW OF OUR INTERNAL EMPLOYEE DATA. ANY ADDITIONAL RESPONSIBILITIES ARE ALSO CONSIDERED. THE DATA IS REVIEWED BY A COMMITTEE AUTHORIZED BY THE BOARD OF TRUSTEES. DECISIONS AND AUTHORIZATIONS ARE DOCUMENTED AND PLACED ON FILE WITH THE VICE PRESIDENT OF HUMAN RESOURCES. FINAL ANNUAL SALARY RECOMMENDATIONS FROM THE PRESIDENT ARE SUBMITTED FOR REVIEW AND APPROVED BY THE HUMAN RESOURCES COMPENSATION COMMITTEE.
Form 990, Part VI, Line 19 Required documents available to the publicGUIDESTAR.ORG POSTS THE UNIVERSITY'S 990 FILING ANNUALLY. THIS MAKES THE 990 WIDELY AVAILABLE THROUGH THE INTERNET. COPIES ARE ALSO MADE AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST. GOVERNING DOCUMENTS AND THE ANNUAL FINANCIAL REPORT ARE MADE AVAILABLE TO BOARD MEMBERS AND IN COMPLIANCE WITH DEBT COVENANTS. UNIVERSITY EMPLOYEE AND FACULTY HANDBOOKS ARE POSTED ON THE UNIVERSITY WEBSITE. IN ADDITION, ALL STAFF AND FACULTY RECEIVE A HARD COPY. THE CONFLICT OF INTEREST POLICY IS ANNUALLY DISTRIBUTED ONLY TO KEY EMPLOYEES, DIRECTORS, AND OFFICERS OF THE UNIVERSITY TO SIGN AND RETURN.
Form 990, Part XI, Line 9 Other changes in net assets or fund balancesCHANGE IN THE VALUE OF INTEREST RATE SWAPS - 324560;
Schedule F, Part I, Line 3IRELAND: SACRED HEART UNIVERSITY OFFERS STUDENTS THE OPPORTUNITY TO DELVE INTO IRISH CULTURE IN THE HEART OF THE IRISH-SPEAKING DINGLE GAELTACHT REGION. STUDENTS STUDY IN IRISH SURROUNDINGS AND LIVE THE IRISH EXPERIENCE THROUGH HANDS-ON SEMINARS LED BY ACCOMPLISHED SCHOLARS AND LOCAL EXPERTS. WHAT DEVELOPS IS A PROFOUND UNDERSTANDING OF CELTIC CULTURE, AS WELL AS A GREATER APPRECIATION OF DIVERSE SOCIETIES. SACRED HEART UNIVERSITY OFFERS A VARIETY OF STUDY ABROAD OPPORTUNITIES AROUND THE WORLD FOR SACRED HEART AND VISITING STUDENTS - WITH PROGRAMMING THAT SUPPORTS A BROAD RANGE OF EDUCATIONAL, PROFESSIONAL, AND PERSONAL OBJECTIVES. THE UNIVERSITY OFFERS FACULTY-LED PROGRAMS IN VARIOUS COUNTRIES EACH YEAR. ON THESE PROGRAMS STUDENTS DEVELOP THE HABITS OF MIND, HEART, AND SPIRIT THAT WILL PREPARE THEM TO ENGAGE PURPOSEFULLY IN A GLOBAL WORLD. COURSES COMPLETED ON A SACRED HEART STUDY ABROAD PROGRAM MAY FULFILL GENERAL EDUCATION, ELECTIVE, OR MAJOR/MINOR CREDITS, ENABLING STUDENTS, REGARDLESS OF ACADEMIC PLAN, TO STUDY ABROAD AND GRADUATE ACCORDING TO THEIR INDIVIDUAL SCHEDULES. ADDITIONAL OPPORTUNITIES ARE ALSO AVAILABLE FOR CLINICAL CREDIT OR EXPERIMENTAL LEARNING. SACRED HEART UNIVERSITY SUPPORTS STUDY ABROAD PROGRAMMING BY IDENTIFYING, DEVELOPING, NURTURING, AND MAINTAINING A DIVERSE SET OF INTERNATIONAL PROGRAMS WITH A COMMITMENT TO QUALITY, SAFETY, AFFORDABILITY AND ACCESSIBILITY.
Schedule F, Part I, Line 3(d)INVESTMENTS INCLUDED IN THIS SECTION RELATE TO INVESTMENT HOLDINGS INCLUDED IN THE UNIVERSITY'S ENDOWMENT PORTFOLIO.

Schedule R IRS990ScheduleR

Id Disregarded Entities IdDisregardedEntitiesGrp (2 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdEINEINPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile StateLegalDomicileStateCdTotal IncomeTotalIncomeAmtEnd Of Year AssetsEndOfYearAssetsAmtBusiness Name Line1DirectControllingEntityName/BusinessNameLine1TxtAddress Line1ForeignAddress/AddressLine1TxtCityForeignAddress/CityNmProvince Or StateForeignAddress/ProvinceOrStateNmCountryForeignAddress/CountryCdLegal Domicile Foreign CountryLegalDomicileForeignCountryCd
Coram Lane LLC
5151 Park AvenueFairfieldCT06825475563897Great River Golf ClubCT$13,695$5,067,068SACRED HEART UNIVERISTY
SACRED HEART CAMPUS IN DINGLE
CURRICULM EXPANSION$3,286,134$9,306,187SACRED HEART UNIVERSITYTHE MALLDINGLECO KERRYEIEI