2025-05-15T13:27:34-05:00 2024-06-30 331374517 PKF O'CONNOR DAVIES ADVISORY LLC 300 TICE BOULEVARD SUITE 315 WOODCLIFF LAKE NJ 07677 990 2023-07-01 221500483 CALDWELL UNIVERSITY INC CALD 9736183230 120 BLOOMFIELD AVENUE CALDWELL NJ 070066195 MICHAEL GALVIN CFO AND VP, FINANCE 9736183230 2025-05-15 1 1 GARRETT M HIGGINS P00543209 2017129800 2025-05-15 2023 2025-03-06 01:10:19Z JEFFREY D SENESE 120 BLOOMFIELD AVENUE CALDWELL NJ 070066195 83685564 0 X WWW.CALDWELL.EDU X 1939 NJ TO PREPARE STUDENTS THROUGH THE LIBERAL ARTS AND PROFESSIONAL STUDIES TO THINK CRITICALLY, PURSUE TRUTH, AND CONTRIBUTE TO A JUST SOCIETY. 23 22 869 24 0 0 4301548 4398745 71869036 68587876 408317 1543977 46998 177372 76625899 74707970 34214681 33069320 0 0 23174789 23608023 0 20200 1289169 20136250 20044049 77525720 76741592 -899821 -2033622 60028155 59070069 29325675 29841945 30702480 29228124 X FOUNDED IN 1939 BY THE SISTERS OF SAINT DOMINIC, CALDWELL UNIVERSITY PROMOTES INTELLECTUAL, SPIRITUAL, AND AESTHETIC GROWTH TO A DIVERSE POPULATION AND WELCOMES ALL CULTURES AND FAITH TRADITIONS. INSPIRED BY ST. DOMINIC DE GUZMAN AND OUR CATHOLIC HERITAGE, WE MAKE A DIFFERENCE IN THE LIVES OF OUR STUDENTS AND PREPARE THEM THROUGH THE LIBERAL ARTS AND PROFESSIONAL STUDIES TO THINK CRITICALLY, PURSUE TRUTH, AND CONTRIBUTE TO A JUST SOCIETY. 0 0 64540856 33069320 68587876 IN THE FALL 2023 TERM, THE UNIVERSITY SERVED A DIVERSE BODY OF 1,447 UNDERGRADUATE AND 416 GRADUATE STUDENTS. SIXTEEN PERCENT OF UNIVERSITY STUDENTS IDENTIFIED AS BLACK OR AFRICAN AMERICAN, TWENTY-EIGHT PERCENT AS HISPANIC OF ANY RACE, FOUR PERCENT AS ASIAN, AND ONE PERCENT AS MULTIRACIAL. CALDWELL UNIVERSITY WAS RECOGNIZED BY THE U.S. DEPARTMENT OF EDUCATION AS A HISPANIC-SERVING INSTITUTION IN MARCH 2020. WOMEN COMPRISE SIXTY PERCENT OF THE UNIVERSITY'S UNDERGRADUATE STUDENTS AND SEVENTY-EIGHT PERCENT OF GRADUATE STUDENTS. THIRTEEN PERCENT OF CALDWELL STUDENTS ARE INTERNATIONAL STUDENTS REPRESENTING THIRTY-NINE COUNTRIES, INCLUDING A SIZEABLE GROUP OF STUDENTS FROM NEPAL. FOUR HUNDRED SIXTEEN STUDENTS LIVE ON CAMPUS. EIGHTY-SEVEN PERCENT OF CALDWELL STUDENTS ARE FROM NEW JERSEY WITH ANOTHER NINETEEN STATES AND TERRITORIES REPRESENTED. EIGHTY-THREE PERCENT OF STUDENTS ATTEND FULL-TIME WHILE SEVENTEEN ATTEND PART-TIME.A 15:1 STUDENT TO FACULTY RATIO HIGHLIGHTS THE INDIVIDUALIZED MENTORSHIP AND INSTRUCTION THAT CHARACTERIZE A CALDWELL EDUCATION. TO ENABLE ACCESS TO THE UNIVERSITY FOR ALL DESERVING STUDENTS, CALDWELL CONTRIBUTED OVER $34M OF TOTAL FINANCIAL AID FOR SCHOLARSHIPS, GRANTS, AND OTHER AID. NINETY-EIGHT PERCENT OF STUDENTS RECEIVE SOME TYPE OF FINANCIAL AID (FEDERAL, STATE, LOANS, INSTITUTIONAL, AND/OR PRIVATE). STUDENTS CHOOSE CALDWELL BECAUSE OF ITS NATIONALLY RECOGNIZED PROGRAMS; SMALL CLASS SIZES; LOW TUITION; GENEROUS FINANCIAL AID; SECURE AND BEAUTIFUL CAMPUS; EMPHASIS ON DEVELOPING GLOBAL CITIZENS; PERSONALIZED ATTENTION AND ADVISING; VIBRANT STUDENT CLUBS AND ACTIVITIES; CONVENIENT AND FLEXIBLE CLASS SCHEDULES; STRONG ACADEMIC SUPPORT SERVICES; AND A LOCATION IN ONE OF NEW JERSEY'S BEST TOWNS WITH CLOSE PROXIMITY TO NEW YORK CITY. NINETY-FIVE PERCENT OF RECENT BACHELOR'S DEGREE EARNERS ARE WORKING OR ENROLLED IN FURTHER EDUCATION. CALDWELL OFFERS OVER THIRTY UNDERGRADUATE DEGREE PROGRAMS AND OVER THIRTY GRADUATE DEGREE AND CERTIFICATE PROGRAMS, INCLUDING DOCTORAL PROGRAMS IN EDUCATION LEADERSHIP AND A DOCTORAL PROGRAM IN APPLIED BEHAVIOR ANALYSIS, THE FIRST IN NEW JERSEY. NEW ACADEMIC PROGRAMS ADDED INCLUDE A RANGE OF PROFESSIONAL CERTIFICATES IN BUSINESS AND COMMUNICATIONS FIELDS. RECENT ATHLETIC AND STUDENT LIFE PROGRAMS LAUNCHED RECENTLY INCLUDE MEN'S RUGBY AND WOMEN'S ACROBATIC AND TUMBLING HAVE PROVEN POPULAR. ADDITIONAL ACADEMIC PROGRAMS AND SERVICES INCLUDE PROFESSIONAL AND PEER TUTORING; ACADEMIC COACHING; CAREER DEVELOPMENT SERVICES; A LEARNING COMMUNITY FOR UNDERPREPARED STUDENTS; AN HONORS PROGRAM; ACADEMIC INTERNSHIPS; AND THE EOF MENTORING AND FINANCIAL SUPPORT PROGRAM FOR STUDENTS FROM DISADVANTAGED BACKGROUNDS.CALDWELL WAS REACCREDITED IN 2015 BY THE MIDDLE STATES COMMISSION FOR HIGHER EDUCATION AND RECEIVED TWO COMMENDATIONS FROM THE COMMISSION FOR THE QUALITY OF ITS SELF-STUDY REPORT AND FOR THE INCLUSIVITY OF ITS PROCESS. SPECIALIZED ACCREDITATION FURTHER ATTESTS TO PROGRAM QUALITY AND VIGOR, PROVIDING GRADUATES WITH A DIFFERENTIATED CAREER CREDENTIAL AND ENABLING THEM TO STAND OUT COMPETITIVELY DURING HIRING AND ACCEPTANCE INTO ADVANCED DEGREE PROGRAMS. SPECIALIZED ACCREDITORS THAT HAVE AWARDED ACCREDITATION TO CALDWELL'S PROGRAMS INCLUDE THE ACCREDITATION COUNCIL FOR BUSINESS SCHOOLS AND PROGRAMS; COUNCIL FOR ACCREDITATION OF COUNSELING AND RELATED EDUCATION PROGRAMS; TEACHER EDUCATION ACCREDITATION COUNCIL; COMMISSION ON COLLEGIATE NURSING EDUCATION, COMMISSION ON ACCREDITATION OF ALLIED HEALTH EDUCATION PROGRAMS AND THE ASSOCIATION FOR BEHAVIOR ANALYSIS INTERNATIONAL. CALDWELL OFFERS ONE OF ONLY TWO CACREP-ACCREDITED ART THERAPY PROGRAMS IN THE NATION. CALDWELL IS A LEADER IN APPLIED BEHAVIOR ANALYSIS, A SCIENTIFIC DISCIPLINE KNOWN TO HELP CHILDREN WITH AUTISM SPECTRUM DISORDERS. THE COLLEGE'S STATE-OF-THE-ART AUTISM CENTER BENEFITS CHILDREN AND THEIR FAMILIES IN NEW JERSEY. 64540856 1 1 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 1 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 1 0 0 0 1 89 0 869 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 23 22 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 0 0 X MICHAEL GALVIN 9736183230 120 BLOOMFIELD AVENUE CALDWELL NJ 070066195 JEFFREY SENESE PHD PRESIDENT, EFF. 7/2023 40.00 0.01 X X 144722 0 48692 BRIAN J ALOIA ESQ CHAIR 1.00 0.00 X X 0 0 0 SR DONNA CIANGIO OP VICE CHAIR 1.00 0.00 X X 0 0 0 MARY SELLITTO-CURCIO SECRETARY 1.00 0.00 X X 0 0 0 KATHLEEN M BARABAS TRUSTEE 1.00 0.00 X 0 0 0 HARRY C BEATTY ESQ TRUSTEE 1.00 0.00 X 0 0 0 ELIZABETH CHALAS BERMAN TRUSTEE 1.00 0.00 X 0 0 0 JAMES BERNAICHE TRUSTEE 1.00 0.00 X 0 0 0 MAUREEN T BEZER TRUSTEE 1.00 0.00 X 0 0 0 STANLEY P BOROWIEC TRUSTEE 1.00 0.00 X 0 0 0 OLGA BRADFORD ESQ TRUSTEE 1.00 0.00 X 0 0 0 LISA M BROMBERG ESQ TRUSTEE 1.00 0.00 X 0 0 0 EDWARD R COLLINS ESQ TRUSTEE 1.00 0.00 X 0 0 0 TANYA L FREEMAN ESQ TRUSTEE 1.00 0.00 X 0 0 0 KENNETH J GILMORE TRUSTEE, THRU 3/2024 1.00 0.00 X 0 0 0 SR MARY JOHN KEARNEY OP TRUSTEE 1.00 0.00 X 0 0 0 SR MARY EILEEN O'BRIEN OP PHD TRUSTEE, THRU 12/2023 1.00 0.00 X 0 0 0 OSBERT ORDUNA TRUSTEE 1.00 0.00 X 0 0 0 PATRICK OSINSKI ESQ TRUSTEE 1.00 0.00 X 0 0 0 CARLOS POMARES TRUSTEE 1.00 0.00 X 0 0 0 SR LUELLA RAMM OP TRUSTEE 1.00 0.00 X 0 0 0 LEON G SMITH JR MD TRUSTEE 1.00 0.00 X 0 0 0 SR PATRICIA TAVIS OP TRUSTEE 1.00 0.00 X 0 0 0 IVONNE VALDES TRUSTEE 1.00 0.00 X 0 0 0 LAURITA MCGREEVY WARNER TRUSTEE 1.00 0.00 X 0 0 0 KETAN N GANDHI VP, FINANCE, THRU 8/2023 40.00 0.01 X 141087 0 3641 SHEILA O'ROURKE VP, ADMINISTRATION & OPERATIONS 40.00 0.00 X 199860 0 49452 JORGE L RODRIGUEZ VP, STRATEGIC INITATIVES 40.00 0.00 X 139387 0 44966 ELLINA CHERNOBILSKY INTERIM VP, ACADEMIC AFFAIRS 40.00 0.00 X 162153 0 85043 SCOTT KOSKOSKI VP, PHILANTHROPY & ENGAGEMENT 40.00 0.00 X 177705 0 8782 JOSE R RODRIGUEZ VP, STUDENT LIFE & DEAN OF STUDENTS 40.00 0.00 X 120989 0 872 MICHAEL J GALVIN CFO AND VP, FINANCE EFF. 4/2024 40.00 0.00 X 0 0 0 PHILLIP A KEEFE VP, INST. ADVANCEMENT EFF. 4/2024 40.00 0.00 X 0 0 0 SHARON REEVE PROFESSOR 40.00 0.00 X 201988 0 59168 RUTH M DEBAR PROFESSOR 40.00 0.00 X 183755 0 19127 TINA M SIDENER PROFESSOR 40.00 0.00 X 178262 0 46610 JASON C VLADESCU CLINICAL SUPERVISOR, ABA (PT) 40.00 0.00 X 183723 0 19032 JOAN H MORIARTY PROFESSOR 40.00 0.00 X 128800 0 7321 MATTHEW WHELAN EDD FORMER PRESIDENT 0.00 0.00 X 203408 0 32062 2165839 0 424768 32 1 1 0 GOURMET DINING SERVICES LLC 2 WILLIAM MORRIESEY BOULEVARD DORCHESTER MA 02125 FOOD SERVICES 1127263 3 ENROLLMENT MARKETING INC 352 MAIN STREET 333 ONEONTA NY 13820 ENROLLMENT MARKETING SERVICES 280417 JENZABAR INC PO BOX 845588 BOSTON MA 022845588 INFORMATION TECHNOLOGY SERVICES 278689 1800PRINT MECOM LLC PO BOX 461 NEW PROVIDENCE NJ 07974 PRINTING SERVICES 269361 FUSCON ENTERPRISE INC 414 CENTRAL AVENUE WESTFIELD NJ 070912595 CONSTRUCTION SERVICES 262995 21 89953 3196447 1112345 116106 4398745 TUITION & FEES 611710 61190990 61190990 AUXILIARY SERVICES 611710 6406136 6406136 AUTISM CENTER 611710 990750 990750 68587876 640088 640088 180179 0 180179 180179 180179 9790162 8886273 903889 903889 903889 66394 89953 89886 -23492 -23492 1435 1435 0 REWARDS 900099 18750 18750 MISCELLANEOUS INCOME 900099 1935 1935 20685 74707970 68587876 0 1721349 33069320 33069320 1462726 476265 807761 178700 97765 97765 17074056 13638684 2987193 448179 136198 133608 2590 3487521 2917531 414295 155695 1349757 1052810 229459 67488 67737 67737 163095 163095 20200 20200 35152 35152 4958763 4283646 640592 34525 399304 81799 317505 968487 692025 256171 20291 560360 560360 2485379 2064241 385057 36081 366776 277946 76565 12265 393110 88381 218824 85905 754154 559922 177591 16641 2634818 1956224 620455 58139 652141 5182 646959 EDUCATIONAL PROGRAMS 2547948 1904022 550982 92944 EQUIPMENT 1361017 667923 665111 27983 BAD DEBT EXPENSE 933211 933211 REPAIRS AND MAINTENANCE 433105 351699 74432 6974 329492 221863 83060 24569 76741592 64540856 10911567 1289169 6903015 7477758 521295 603032 2573751 524296 1823544 2290781 758538 589746 84094653 52875590 32731786 31219063 11220543 12947656 3495683 3417737 60028155 59070069 967485 2266541 3510146 3669009 18543541 17897205 25687 8754 347307 638040 5931509 5362396 29325675 29841945 X 21971355 19038313 8731125 10189811 30702480 29228124 60028155 59070069 X -2033622 496987 62279 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 11669094 314088 1650729 232536 13401375 10143228 519855 1165295 159284 11669094 10750428 905329 -1345133 167396 10143228 5188671 3724624 2133472 296339 10750428 4735709 394592 191931 133561 5188671 0.45986 0.39749 0.14265 0 0 1151370 1151370 66743365 39700822 27042543 15990200 13174768 2815432 209718 209718 31219063 BENEFICIAL INTEREST IN PERPETUAL TRUST 1965903 RIGHT OF USE ASSETS - OPERATING LEASES 822574 LIFE INSURANCE CASH SURRENDER VALUE 368980 OTHER ASSETS 260280 3417737 ACCRUED SETTLEMENT PAYABLE 2529000 RELATED PARTY LINE OF CREDIT 2000000 LEASE LIABILITIES FOR OPERATING LEASES 833396 5362396 X 42252405 496987 151920 648907 41603498 35152 33069320 33104472 74707970 43726761 89641 89641 43637120 35152 33069320 33104472 76741592 PART V, LINE 4: THE ORGANIZATION'S ENDOWMENT FUNDS ARE INTENDED TO GENERATE INVESTMENT INCOME USED FOR FINANCIAL AID AND CAPITAL PROJECTS AND IMPROVEMENTS. PART X, LINE 2: THE UNIVERSITY HAS NO UNRECOGNIZED TAX BENEFITS AT JUNE 30, 2024 AND 2023. THE UNIVERSITY'S FEDERAL AND STATE TAX FILINGS PRIOR TO FISCAL 2021 ARE CLOSED AND MANAGEMENT CONTINUALLY EVALUATES EXPIRING STATUTES OF LIMITATIONS, AUDITS, PROPOSED SETTLEMENTS, CHANGES IN TAX LAW AND NEW AUTHORITATIVE RULINGS. PART XI, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENTS INCOME AND EXPENSES NETTED AGAINST REVENUE 89,641. CHANGE IN LIFE INSURANCE CASH SURRENDER VALUE 62,279. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIP ASSISTANCE REPORTED ON PART IX, LINE 2 33,069,320. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENTS INCOME AND EXPENSES NETTED AGAINST REVENUE 89,641. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIP ALLOWANCES REPORTED ON PART IX, LINE 2 33,069,320. 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 SCHOOL PUBLICIZED ITS RACIALLY NONDISCRIMNATORY POLICY AT THE BOTTOM OF ITS HOMEPAGE ON ITS PUBLIC WEBSITE. ADDITIONALLY, THE SCHOOL PUBLICIZED ITS RACIALLY NONDISCRIMNATORY POLICY THROUGH NEWSPAPERS OF GENERAL CIRCULATION. SCHEDULE E, PART I, LINE 6 THE UNIVERSITY RECEIVES FINANCIAL AID FROM VARIOUS GOVERNMENTAL SOURCES INCLUDING FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANTS AND THE EDUCATIONAL OPPORTUNITY FUND (EOF) OF NEW JERSEY. X 0 MCALLISTER & QUINN 1625 EYE STREET NW SUITE 750 WASHINGTON DC 20006 GRANT WRITERS 0 0 20200 -20200 20200 -20200 PRESIDENTIAL GALA 114117 63942 50175 53557 9517 GOLF OUTING 39550 25011 14539 8640 7471 5191 2 2680 1000 1680 5390 120 156347 89953 66394 62197 12861 14828 89886 -23492 1 SCHOLARSHIPS AND FINANCIAL AID 1656 33069320 PART I, LINE 2: THE UNIVERSITY APPLIES SCHOLARSHIPS AND FINANCIAL AID DIRECTLY TO STUDENT ACCOUNTS TO LOWER OR ELIMINATE OUTSTANDING BALANCES. NINETY-EIGHT PERCENT OF STUDENTS RECEIVE SOME TYPE OF FINANCIAL AID. X X X 0 0 X X X 0 1 0 0 0 0 0 0 0 SHARON REEVE PROFESSOR 201877 0 0 0 111 0 1786 0 57382 0 261156 0 0 0 SHEILA O'ROURKE VP, ADMINISTRATION & OPERATIONS 199090 0 0 0 770 0 14000 0 35452 0 249312 0 0 0 ELLINA CHERNOBILSKY INTERIM VP, ACADEMIC AFFAIRS 161650 0 0 0 503 0 3316 0 81727 0 247196 0 0 0 MATTHEW WHELAN EDD FORMER PRESIDENT 198012 0 0 0 5396 0 3865 0 28197 0 235470 0 0 0 TINA M SIDENER PROFESSOR 178160 0 0 0 102 0 0 0 46610 0 224872 0 0 0 RUTH M DEBAR PROFESSOR 183694 0 0 0 61 0 1674 0 17453 0 202882 0 0 0 JASON C VLADESCU CLINICAL SUPERVISOR, ABA (PT) 183680 0 0 0 43 0 1705 0 17327 0 202755 0 0 0 JEFFREY SENESE PHD PRESIDENT, EFF. 7/2023 144448 0 0 0 274 0 1000 0 47692 0 193414 0 0 0 SCOTT KOSKOSKI VP, PHILANTHROPY & ENGAGEMENT 177525 0 0 0 180 0 0 0 8782 0 186487 0 0 0 JORGE L RODRIGUEZ VP, STRATEGIC INITATIVES 138595 0 0 0 792 0 3000 0 41966 0 184353 0 0 0 PART I, LINE 1A THE UNIVERSITY PROVIDED JEFFREY SENESE, PH.D.,PRESIDENT, AND MATTHEW WHELAN, ED.D., FORMER PRESIDENT, WITH A RESIDENCE ON UNIVERSITY PREMISES, AS A CONDITION OF HIS EMPLOYMENT, AND FOR THE CONVENIENCE OF CALDWELL UNIVERSITY. THIS BENEFIT WAS TREATED AS NONTAXABLE UNDER SECTION 119(D)(3) OF THE INTERNAL REVENUE CODE. THE PRESIDENT ALSO RECEIVED A SOCIAL CLUB MEMBERSHIP FOR UNIVERSITY BUSINESS USE, AND LANDSCAPING SERVICES FOR THE RESIDENCE. THESE BENEFITS WERE TREATED AS NONTAXBLE WORKING CONDITION FRINGE BENEFITS UNDER SECTION 132(D) OF THE INTERNAL REVENUE CODE. PART I, LINE 1B THE TERMS OF PAYMENT, REIMBURSEMENT, OR PROVISION OF EXPENSES MAY VARY BASED ON INDIVIDUAL NEGOTIATIONS OR AGREEMENTS WITH SPECIFIC PARTIES. THESE TERMS MAY NOT ALWAYS ALIGN WITH A STANDARDIZED WRITTEN POLICY, DEPENDING ON THE CIRCUMSTANCES SURROUNDING EACH TRANSACTION. PART I, LINE 4B SHEILA O'ROURKE PARTICIPATED IN A SECTION 457(F) SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN. SHE DID NOT RECEIVE ANY DISTRIBUTION IN 2023. A NJ HECIF 2014 SERIES B 000000000 2014-08-15 995217 CAPITAL IMPROVEMENTS 0 0 0 B NJEFA 2019 SERIES AB 221829511 000000000 2019-05-17 20000000 REFUNDING 2013 SERIES E BONDS AND CAPITAL IMPROVEMENTS 0 0 0 A 405811 995217 995217 2019 0 0 1 1 B 2495382 20000000 234615 2921313 16844072 2022 1 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 B 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 1 0 0 0 0 0 1 B 0 0 1 0 0 0 0 0 1 A 1 B 1 BERNARD O'ROURKE HAS A FAMILY RELATIONSHIP WITH SHEILA O'ROURKE, VP OF OPERATIONS 97765 EMPLOYMENT 0 X 4 110256 AVG. SELLING PRICE X 1 4750 COST X DRUM SET 1 800 COST X SPA TICKETS 1 250 COST X GIFT CARD 1 50 COST 0 0 1 0 PART I, COLUMN (B): THE NUMBER REPORTED IN PART I, COLUMN (B) IS THE NUMBER OF CONTRIBUTORS. FORM 990, PART VI, SECTION A, LINE 6 THE MEMBERS ARE THE MAJOR SUPERIOR (PRIORESS) AND THE COUNCIL OF THE CONGREGATION OF THE SACRED HEART OF JESUS OF THE THIRD ORDER OF SAINT DOMINIC, A RELIGIOUS COMMUNITY OF THE ROMAN CATHOLIC CHURCH. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS HAVE THE RIGHT TO APPOINT OR REMOVE TRUSTEES BY MAJORITY VOTE. FORM 990, PART VI, SECTION A, LINE 7B THE FOLLOWING POWERS ARE RESERVED EXCLUSIVELY FOR THE MEMBERS OF THE UNIVERSITY: - TO ADOPT OR CHANGE THE PHILOSOPHY AND MISSION OF THE UNIVERSITY THAT UNDERLIE ITS RELIGIOUS, EDUCATIONAL, AND CHARITABLE MINISTRY. - TO APPOINT OR REMOVE THE PRESIDENT OF THE UNIVERSITY, UPON THE RECOMMENDATION OF THE BOARD OF TRUSTEES - TO APPOINT OR REMOVE TRUSTEES OF THE BOARD, UPON THE RECOMMENDATION OF THE BOARD. - TO AMEND THE CERTIFICATE OF INCORPORATION. - TO MERGE, CONSOLIDATE, DISSOLVE, OR OTHERWISE CHANGE THE CORPORATE STRUCTURE OF THE UNIVERSITY. - TO APPROVE ANY AND ALL ACTS RELATING TO THE SALE, TRANSFER, PURCHASE, MORTGAGE, SUBORDINATION OF INTEREST OR OTHER CONVEYANCE OF ANY REAL PROPERTY OF THE UNIVERSITY. FORM 990, PART VI, SECTION B, LINE 11B THE UNIVERSITY HAS ITS FORM 990 PREPARED BY AN OUTSIDE ACCOUNTING FIRM. IT IS REVIEWED BY THE UNIVERSITY'S CABINET (OFFICERS) AND THEN PROVIDED TO THE AUDIT/FINANCE COMMITTEE FOR THEIR REVIEW AND COMMENT. A COMPLETE COPY OF THE FORM IS ELECTRONICALLY PROVIDED TO THE FULL BOARD OF TRUSTEES FOR REVIEW/ACCEPTANCE PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION HAS A CONFLICT OF INTETREST POLICY, COVERING TRUSTEES AND CABINET MEMBERS (OFFICERS), WHICH IT ANNUALLY MONITORS AND ENFORCES. SUCH PERSONS ARE REQUIRED TO DISCLOSE ANY POTENTIAL CONFLICTS ON AN ANNUAL BASIS AND AS THEY ARISE. POTENTIAL CONFLICTS OF TRUSTEES ARE DETERMINED AND REVIEWED BY THE DISINTERESTED TRUSTEES OF THE BOARD. THE TRUSTEE WITH THE CONFLICT IS RECUSED FROM PARTICPATING ON THE MATTER INVOLVING THE CONFLICT. POTENTIAL CONFLICTS OF CABINET MEMBERS ARE DETERMINED AND REVIEWED BY THEIR NEXT IMMEDIATE SUPERVISOR, WHO TAKES ALL STEPS NECESSARY TO AMELIORATE ANY DETERMINED CONFLICTS. FORM 990, PART VI, SECTION B, LINE 15A THE PROCESS FOR DETERMINING THE COMPENSATION OF THE ORGANIZATION'S PRESIDENT INCLUDED THE USE OF A COMPENSATION STUDY, AND REVIEW AND APPROVAL BY THE COMPENSATION COMMITEE OF THE BOARD OF TRUSTEES. THE COMPENSATION DELIBERATIONS AND DECISION WERE CONTEMPORANEOUSLY DOCUMENTED. THE PROCESS WAS LAST CONDUCTED IN 2023. FORM 990, PART VI, SECTION C, LINE 19 THE UNIVERSITY MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN LIFE INSURANCE CASH SURRENDER VALUE 62,279. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS AN AUDIT/FINANCE COMMITTEE THAT IS RESPONSIBLE FOR THE OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND THE SELECTION OF AN INDEPDENT ACCOUNTANT. THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. THE SISTERS OF ST DOMINIC OF CALDWELL 1 RYERSON AVENUE CALDWELL NJ 07006 221524780 RELIGIOUS ORGANIZATION NJ 501(C)(3) LINE 1 N/A 0 DR ALVIN R CALMAN PROFESSORSHIP 120 BLOOMFIELD AVE CALDWELL NJ 07006 226373226 TO FUND A PROFESSORSHIP AT THE UNIVERSITY NJ 501(C)(3) LINE 12B, II N/A 0 0 0 0 0 1 0 0 0 0 0 1 0 1 1 1 1 0 0 0