FAIRFIELD UNIVERSITY: Form 990, tax year 2023
View the entire original 990 at ProPublica ↗
- Organization
- FAIRFIELD UNIVERSITY (EIN 06-0646623)
- Tax period
- 2023-07-01 to 2024-06-30
- Filed
- 2025-05-15
- IRS object ID
- 202511359349313291
- 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
- Form 990
- Schedule A
- Schedule B
- Schedule C
- Schedule D
- Schedule E
- Schedule F
- Schedule G
- Schedule I
- Schedule J
- Schedule K
- Schedule K
- Schedule L
- Schedule M
- Schedule O
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2025-05-15T15:08:05+00:00 | ReturnTs |
| Tax Period End | 2024-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 135565207 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | KPMG LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 345 Park Avenue | AddressLine1Txt |
| City | New York | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 101540102 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2023-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 060646623 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Fairfield University | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | FAIR | BusinessNameControlTxt |
| Phone | 2032544000 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1073 NORTH BENSON ROAD | AddressLine1Txt |
| City | FAIRFIELD | CityNm |
| State Abbreviation | CT | StateAbbreviationCd |
| ZIP | 06824 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | MARK R NEMEC | PersonNm |
| Person Title | PRESIDENT | PersonTitleTxt |
| Phone | 2032544000 | PhoneNum |
| Signature | 2025-05-15 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | TOBY RUTH FRIEDMAN KERSLAKE | PreparerPersonNm |
| PTIN | P01875806 | PTIN |
| Phone | 2127589700 | PhoneNum |
| Preparation | 2025-05-15 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2023 | TaxYr |
| Build TS | 2025-03-06 01:10:19Z | BuildTS |
Form 990 IRS990
Principal Ofcr Business Name PrincipalOfcrBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MARK R NEMEC PHD | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1073 NORTH BENSON ROAD | AddressLine1Txt |
| City | FAIRFIELD | CityNm |
| State Abbreviation | CT | StateAbbreviationCd |
| ZIP | 06824 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $616,577,026 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.FAIRFIELD.EDU | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1942 | FormationYr |
| Legal Domicile State | CT | LegalDomicileStateCd |
| Activity Or Mission | FAIRFIELD'S MISSION IS TO DEVELOP THE CREATIVE INTELLECTUAL POTENTIAL OF ITS STUDENTS AND TO FOSTER IN THEM ETHICAL AND RELIGIOUS VALUES AND A SENSE OF SOCIAL RESPONSIBILITY. | ActivityOrMissionDesc |
| Voting Members Governing Body | 31 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 30 | VotingMembersIndependentCnt |
| Total Employee | 3821 | TotalEmployeeCnt |
| Total Volunteers | 575 | TotalVolunteersCnt |
| Total Gross UBI | $116,032 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $31,342 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $30,180,533 | PYContributionsGrantsAmt |
| CY Contributions Grants | $46,841,328 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $370,160,726 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $403,023,980 | CYProgramServiceRevenueAmt |
| PY Investment Income | $23,329,624 | PYInvestmentIncomeAmt |
| CY Investment Income | $38,241,471 | CYInvestmentIncomeAmt |
| PY Other Revenue | $857,153 | PYOtherRevenueAmt |
| CY Other Revenue | $1,201,679 | CYOtherRevenueAmt |
| PY Total Revenue | $424,528,036 | PYTotalRevenueAmt |
| CY Total Revenue | $489,308,458 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $112,544,567 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $124,334,323 | CYGrantsAndSimilarPaidAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $156,882,611 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $176,199,285 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $147,139 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $218,820 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $10,961,631 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $115,172,259 | PYOtherExpensesAmt |
| CY Other Expenses | $131,666,488 | CYOtherExpensesAmt |
| PY Total Expenses | $384,746,576 | PYTotalExpensesAmt |
| CY Total Expenses | $432,418,916 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $39,781,460 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $56,889,542 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $1,146,008,194 | TotalAssetsBOYAmt |
| Total Assets EOY | $1,209,670,431 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $368,291,521 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $358,412,879 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $777,716,673 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $851,257,552 | NetAssetsOrFundBalancesEOYAmt |
| Mission | TO ESTABLISH, ORGANIZE, MAINTAIN AND CONDUCT AN INSTITUTION FOR INTERMEDIATE, SECONDARY, UNDERGRADUATE AND GRADUATE EDUCATION IN THE STATE OF CONNECTICUT, AND TO PERFORM SUCH OTHER WORKS OF EDUCATION, CHARITY AND RELIGION. A FAIRFIELD UNIVERSITY EDUCATION HAS BECOME MORE INTEGRATED IN FOCUS, MORE GLOBAL IN OUTLOOK, AND MORE INTENTIONAL IN ITS STRUCTURE THAN EVER BEFORE IN THE JESUIT TRADITION. WE ARE COMMITTED TO CREATING A STUDENT-FOCUSED, HOLISTIC, AND DIVERSE EDUCATIONAL ENVIRONMENT INTENDED TO EDUCATE THE WHOLE PERSON, MIND, BODY AND SPIRIT. WE WANT TO CULTIVATE IN BOTH OUR UNDERGRADUATE AND GRADUATE STUDENTS A SENSE OF COMMUNITY AND STRONG ETHICAL AND SPIRITUAL VALUES TO GUIDE THEM ON THEIR PATHS INTO THE FUTURE. | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Expense | $299,871,484 | ExpenseAmt |
| Grant | $124,334,323 | GrantAmt |
| Revenue | $327,249,745 | RevenueAmt |
| Desc | HIGHER LEARNING: FAIRFIELD UNIVERSITY IS AN INSTITUTE OF HIGHER LEARNING WITH UNDERGRADUATE, GRADUATE, DOCTORATE AND CONTINUING EDUCATION ACADEMIC PROGRAMS INCLUDING STUDENTS RESIDING ON CAMPUS AND INCLUDES A COLLEGE PREPARATORY SCHOOL. SEE SCHEDULE O. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $51,290,626 | ExpenseAmt |
| Grant | $0 | GrantAmt |
| Revenue | $68,657,805 | RevenueAmt |
| Desc | AUXILIARY SERVICES: AUXILIARY SERVICES INCLUDE THE COSTS OF ROOM AND BOARD FOR APPROXIMATELY 3,743 FULL-TIME UNDERGRADUATE STUDENTS LIVING ON CAMPUS IN RESIDENCE HALLS, TOWNHOUSES, AND APARTMENT COMPLEXES RESIDING ON A 200 ACRE CAMPUS. GRADUATE STUDENT HOUSING IS ALSO OFFERED IN INDEPENDENT OFF-CAMPUS HOUSES, AND IN APARTMENT STYLE RESIDENCE HALLS. | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $5,107,870 | ExpenseAmt |
| Grant | $0 | GrantAmt |
| Revenue | $7,116,430 | RevenueAmt |
| Desc | OTHER ACTIVITIES: A VARIETY OF STUDENT SERVICES INCLUDING ARTS AND ENTERTAINMENT AT THE QUICK CENTER, STUDENT ACTIVITIES FOR CLUB SPORTS, AND OTHER ITEMS. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expenses | $356,269,980 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (true) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (true) | ScheduleBRequiredInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Lobbying Activities | Yes (true) | LobbyingActivitiesInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Conservation Easements | Yes (true) | ConservationEasementsInd |
| Collections Of Art | Yes (true) | CollectionsOfArtInd |
| Credit Counseling | false | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | Yes (true) | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (true) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | Yes (true) | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | false | ReportProgramRelatedInvstInd |
| Report Other Assets | false | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (true) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (true) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (true) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | false | ConsolidatedAuditFinclStmtInd |
| School Operating | Yes (true) | SchoolOperatingInd |
| Foreign Office | Yes (true) | ForeignOfficeInd |
| Foreign Activities | Yes (true) | ForeignActivitiesInd |
| More Than5000 K To Org | false | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | Yes (true) | MoreThan5000KToIndividualsInd |
| Professional Fundraising | Yes (true) | ProfessionalFundraisingInd |
| Fundraising Activities | Yes (true) | FundraisingActivitiesInd |
| Gaming Activities | false | GamingActivitiesInd |
| Operate Hospital | false | OperateHospitalInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (true) | GrantsToIndividualsInd |
| Schedule J Required | Yes (true) | ScheduleJRequiredInd |
| Tax Exempt Bonds | Yes (true) | TaxExemptBondsInd |
| Invest Tax Exempt Bonds | false | InvestTaxExemptBondsInd |
| Escrow Account | false | EscrowAccountInd |
| On Behalf Of Issuer | false | OnBehalfOfIssuerInd |
| Engaged In Excess Benefit Trans | false | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | false | PYExcessBenefitTransInd |
| Loan Outstanding | false | LoanOutstandingInd |
| Grant To Related Person | Yes (true) | GrantToRelatedPersonInd |
| Business Rln With Org Mem | false | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | false | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | false | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | Yes (true) | DeductibleNonCashContriInd |
| Deductible Art Contribution | Yes (true) | DeductibleArtContributionInd |
| Terminate Operations | false | TerminateOperationsInd |
| Partial Liquidation | false | PartialLiquidationInd |
| Disregarded Entity | false | DisregardedEntityInd |
| Related Entity | false | RelatedEntityInd |
| Related Organization Ctrl Ent | false | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | false | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| Info In Schedule O Part V | Yes (X) | InfoInScheduleOPartVInd |
| IRP Document | 7797 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (true) | BackupWthldComplianceInd |
| Employee | 3821 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (true) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (true) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (true) | Form990TFiledInd |
| Foreign Financial Account | Yes (true) | ForeignFinancialAccountInd |
| Foreign Country | IT | ForeignCountryCd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | false | TaxablePartyNotificationInd |
| Nondeductible Contributions | false | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | Yes (true) | QuidProQuoContributionsInd |
| Quid Pro Quo Contri Discl | Yes (true) | QuidProQuoContriDisclInd |
| Form8282 Property Disposed Of | false | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | Yes (true) | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | false | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 31 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 30 | IndependentVotingMemberCnt |
| Family Or Business Rln | false | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | false | DelegationOfMgmtDutiesInd |
| Change To Org Documents | false | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | false | MembersOrStockholdersInd |
| Election Of Board Members | false | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | false | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (true) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (true) | MinutesOfCommitteesInd |
| Officer Mailing Address | false | OfficerMailingAddressInd |
| Local Chapters | false | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (true) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (true) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (true) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (true) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (true) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (true) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (true) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (true) | CompensationProcessOtherInd |
| Investment In Joint Venture | false | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | CT | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MICHAEL TRAFECANTE | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 2032544000 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1073 NORTH BENSON ROAD | AddressLine1Txt |
| City | FAIRFIELD | CityNm |
| State Abbreviation | CT | StateAbbreviationCd |
| ZIP | 06824 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (42 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Key EmployeeKeyEmployeeInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|---|---|
| MARK R NEMEC PHD | |||||||||
| PRESIDENT | 45.0 | 0.0 | Yes (X) | Yes (X) | $825,357 | $0 | $134,563 | ||
| ANDREW J McMAHON | |||||||||
| TRUSTEE (AS OF 7-1-2023) | 5.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |||
| BRIAN P HULL | |||||||||
| TRUSTEE | 5.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |||
| CHRISTOPHER C DESMARAIS | |||||||||
| TRUSTEE | 5.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |||
| CHRISTOPHER C QUICK | |||||||||
| TRUSTEE | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |||
| CLINTON A LEWIS JR | |||||||||
| TRUSTEE | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |||
| DAGAN T KASAVANA | |||||||||
| TRUSTEE | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |||
| DOUGLAS W HAMMOND | |||||||||
| TRUSTEE | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |||
| ELNER L MORRELL | |||||||||
| TRUSTEE | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |||
| GAVIN G O'CONNOR | |||||||||
| TRUSTEE | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |||
| HUGH DAVIS | |||||||||
| TRUSTEE | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |||
| JOHN C MEDITZ | |||||||||
| TRUSTEE | 5.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |||
| JORGE A CHILUISA | |||||||||
| TRUSTEE | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |||
| KEVIN P CANNON | |||||||||
| TRUSTEE | 5.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |||
| LISA M FERRARO | |||||||||
| TRUSTEE | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |||
| MARY RYAN CUNNINGHAM | |||||||||
| TRUSTEE | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |||
| MAUREEN ERRITY BUJNO | |||||||||
| TRUSTEE | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |||
| NANCY A ALTOBELLO | |||||||||
| TRUSTEE | 5.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |||
| PATRICIA E GLASSFORD | |||||||||
| TRUSTEE | 5.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |||
| PHILLIP J NEUGEBAUER | |||||||||
| TRUSTEE | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |||
| REV CHRISTOPHER J DEVRON SJ | |||||||||
| TRUSTEE (AS OF 7-1-2023) | 5.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |||
| REV GREGORY A KALSCHEUR SJ | |||||||||
| TRUSTEE | 5.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |||
| REV GREGORY M GOETHALS SJ | |||||||||
| TRUSTEE (AS OF 7-1-2023) | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |||
| REV JOHN P MULREANY SJ | |||||||||
| TRUSTEE (AS OF 7-1-2023) | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |||
| REV MARIO M POWELL SJ | |||||||||
| TRUSTEE | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |||
| ROBERT J MURPHY JR | |||||||||
| TRUSTEE | 5.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |||
| ROSELLEN WALSH SCHNURR | |||||||||
| TRUSTEE | 5.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |||
| SHEILA KEARNEY DAVIDSON | |||||||||
| TRUSTEE | 5.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |||
| SHELAGH MAHONEY-MCNAMEE | |||||||||
| TRUSTEE | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |||
| STEPHEN M LESSING | |||||||||
| TRUSTEE | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |||
| THOMAS J FANNING SR | |||||||||
| TRUSTEE | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |||
| KRISTINE CARROLL | |||||||||
| SECRETARY | 45.0 | 0.0 | Yes (X) | $76,248 | $0 | $61,957 | |||
| MICHAEL TRAFECANTE | |||||||||
| VP FOR FINANCE, CFO & TREASURER | 45.0 | 0.0 | Yes (X) | $363,130 | $0 | $153,914 | |||
| CHRISTINE SIEGEL | |||||||||
| PROVOST & SR VP ACADEMICS | 45.0 | 0.0 | $508,514 | $0 | $82,320 | Yes (X) | |||
| DAVID FRASSINELLI | |||||||||
| VP OF FACILITIES, CAMPUS & AUXILIARY SERVICES | 45.0 | 0.0 | $289,294 | $0 | $60,970 | Yes (X) | |||
| JOANNE WILLIAMS | |||||||||
| SR VP FOR FINANCE & ADMIN | 45.0 | 0.0 | $457,186 | $0 | $52,843 | Yes (X) | |||
| RICHARD GREENWALD | |||||||||
| DEAN, SCHOOL OF CAS | 45.0 | 0.0 | $284,468 | $0 | $75,973 | Yes (X) | |||
| JOHN YOUNG | |||||||||
| HEAD MBB COACH (end 10-16-2023) | 45.0 | 0.0 | $1,061,638 | $0 | $63,003 | Yes (X) | |||
| LAURIE MCCARTHY | |||||||||
| Dean, School of Edu and Human Development (end 5-31-2023) | 45.0 | 0.0 | $459,504 | $0 | $10,599 | Yes (X) | |||
| PAUL SCHLICKMANN | |||||||||
| VP OF ATHLETICS | 45.0 | 0.0 | $378,940 | $0 | $84,707 | Yes (X) | |||
| WALTER HALAS | |||||||||
| VP OF ADVANCEMENT | 45.0 | 0.0 | $414,525 | $0 | $74,892 | Yes (X) | |||
| ZHAN LI | |||||||||
| DEAN, SCHOOL OF BUSINESS | 45.0 | 0.0 | $462,668 | $0 | $49,897 | Yes (X) | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $5,581,472 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $905,638 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 368 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | false | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (true) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| ARAMARK SERVICES INC | |||||
| 200 MARKET STREET | PHILADELPHIA | PA | 19103 | DINING SERVICES | $19,848,271 |
| GILBANE BUILDING SERVICES | |||||
| 7 JACKSON WALKWAY | PROVIDENCE | RI | 02903 | CONSTRUCTION | $14,703,006 |
| CONSIGLI CONSTRUCTION CO INC | |||||
| 100 ALLYN STREET | HARTFORD | CT | 06103 | CONSTRUCTION | $13,076,141 |
| WHITING TURNER CONTRACTING CO | |||||
| 195 CHURCH STREET | NEW HAVEN | CT | 06510 | CONSTRUCTION | $7,789,223 |
| ABM INDUSTRY GROUP LLC | |||||
| 14141 SW FREEWAY STE 400 | SUGAR LAND | TX | 77478 | JANITORIAL | $4,793,849 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 153 | CntrctRcvdGreaterThan100KCnt |
| Fundraising | $1,318,232 | FundraisingAmt |
| Government Grants | $5,700,688 | GovernmentGrantsAmt |
| All Other Contributions | $39,822,408 | AllOtherContributionsAmt |
| Noncash Contributions | $1,544,491 | NoncashContributionsAmt |
| Total Contributions | $46,841,328 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (4 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt | Unrelated Business RevenueUnrelatedBusinessRevenueAmt |
|---|---|---|---|---|
| TUITION & FEES | 611600 | $327,249,745 | $327,249,745 | |
| AUXILIARY SERVICES | 721000 | $68,657,805 | $68,657,805 | |
| OTHER PROGRAM SERVICES | 900099 | $6,653,294 | $6,653,294 | |
| SUMMER CONFERENCES | 610000 | $463,136 | $370,117 | $93,019 |
Total Oth Program Service Rev TotalOthProgramServiceRevGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $0 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $0 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $403,023,980 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $13,578,109 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | $40,076 | UnrelatedBusinessRevenueAmt |
| Exclusion | $13,538,033 | ExclusionAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $1,384,192 | RealAmt |
| Personal | $216,027 | PersonalAmt |
Less Rental Expenses LessRentalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $199,167 | RealAmt |
| Personal | $233,090 | PersonalAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $1,185,025 | RealAmt |
| Personal | -$17,063 | PersonalAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,167,962 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | -$17,063 | UnrelatedBusinessRevenueAmt |
| Exclusion | $1,185,025 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $150,825,419 | SecuritiesAmt |
| Other | $62,123 | OtherAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $125,860,071 | SecuritiesAmt |
| Other | $364,109 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $24,965,348 | SecuritiesAmt |
| Other | -$301,986 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $24,663,362 | TotalRevenueColumnAmt |
| Exclusion | $24,663,362 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fundraising Gross Income | $645,848 | FundraisingGrossIncomeAmt |
| Contri Rpt Fundraising Event | $1,318,232 | ContriRptFundraisingEventAmt |
| Fundraising Direct Expenses | $612,131 | FundraisingDirectExpensesAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $33,717 | TotalRevenueColumnAmt |
| Exclusion | $33,717 | ExclusionAmt |
Miscellaneous Revenue MiscellaneousRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $0 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $0 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $0 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $489,308,458 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $402,930,961 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $116,032 | UnrelatedBusinessRevenueAmt |
| Exclusion | $39,420,137 | ExclusionAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $120,773,611 | TotalAmt |
| Program Services | $120,773,611 | ProgramServicesAmt |
Foreign Grants ForeignGrantsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,560,712 | TotalAmt |
| Program Services | $3,560,712 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,934,133 | TotalAmt |
| Program Services | $1,675,716 | ProgramServicesAmt |
| Management And General | $1,877,649 | ManagementAndGeneralAmt |
| Fundraising | $380,768 | FundraisingAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $126,306,179 | TotalAmt |
| Program Services | $99,119,513 | ProgramServicesAmt |
| Management And General | $21,316,512 | ManagementAndGeneralAmt |
| Fundraising | $5,870,154 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $8,089,879 | TotalAmt |
| Program Services | $6,348,580 | ProgramServicesAmt |
| Management And General | $1,365,317 | ManagementAndGeneralAmt |
| Fundraising | $375,982 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $29,232,398 | TotalAmt |
| Program Services | $22,940,296 | ProgramServicesAmt |
| Management And General | $4,933,510 | ManagementAndGeneralAmt |
| Fundraising | $1,358,592 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $8,636,696 | TotalAmt |
| Program Services | $6,556,917 | ProgramServicesAmt |
| Management And General | $1,630,713 | ManagementAndGeneralAmt |
| Fundraising | $449,066 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,067,358 | TotalAmt |
| Program Services | $68,536 | ProgramServicesAmt |
| Management And General | $998,822 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $209,061 | TotalAmt |
| Management And General | $209,061 | ManagementAndGeneralAmt |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $218,820 | TotalAmt |
| Fundraising | $218,820 | FundraisingAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $228,085 | TotalAmt |
| Management And General | $228,085 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $28,773,597 | TotalAmt |
| Program Services | $24,020,420 | ProgramServicesAmt |
| Management And General | $3,760,423 | ManagementAndGeneralAmt |
| Fundraising | $992,754 | FundraisingAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,085,088 | TotalAmt |
| Program Services | $2,811,859 | ProgramServicesAmt |
| Management And General | $232,799 | ManagementAndGeneralAmt |
| Fundraising | $40,430 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $7,051,332 | TotalAmt |
| Program Services | $4,924,992 | ProgramServicesAmt |
| Management And General | $1,713,128 | ManagementAndGeneralAmt |
| Fundraising | $413,212 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $8,061,407 | TotalAmt |
| Program Services | $2,229,903 | ProgramServicesAmt |
| Management And General | $5,544,334 | ManagementAndGeneralAmt |
| Fundraising | $287,170 | FundraisingAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $12,095,868 | TotalAmt |
| Program Services | $12,095,868 | ProgramServicesAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,852,309 | TotalAmt |
| Program Services | $4,963,351 | ProgramServicesAmt |
| Management And General | $674,889 | ManagementAndGeneralAmt |
| Fundraising | $214,069 | FundraisingAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $436,623 | TotalAmt |
| Program Services | $341,806 | ProgramServicesAmt |
| Management And General | $79,475 | ManagementAndGeneralAmt |
| Fundraising | $15,342 | FundraisingAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $10,367,035 | TotalAmt |
| Program Services | $8,898,407 | ProgramServicesAmt |
| Management And General | $1,448,442 | ManagementAndGeneralAmt |
| Fundraising | $20,186 | FundraisingAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $29,455,422 | TotalAmt |
| Program Services | $21,295,790 | ProgramServicesAmt |
| Management And General | $8,007,213 | ManagementAndGeneralAmt |
| Fundraising | $152,419 | FundraisingAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,567,094 | TotalAmt |
| Program Services | $374,058 | ProgramServicesAmt |
| Management And General | $2,193,036 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| MAINTENANCE & EQUIPMENT | $7,392,416 | $3,294,346 | $4,035,171 | $62,899 |
| STUDY ABROAD | $5,767,877 | $5,767,877 | ||
| CONSULTANTS & HONORARIA | $2,271,734 | $1,357,874 | $831,648 | $82,212 |
| LIBRARY ACQUISITIONS | $1,144,811 | $1,107,281 | $9,974 | $27,556 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,839,371 | TotalAmt |
| Program Services | $1,742,267 | ProgramServicesAmt |
| Management And General | $4,097,104 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $432,418,916 | TotalAmt |
| Program Services | $356,269,980 | ProgramServicesAmt |
| Management And General | $65,187,305 | ManagementAndGeneralAmt |
| Fundraising | $10,961,631 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $699 | BOYAmt |
| EOY | $699 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $66,519,601 | BOYAmt |
| EOY | $59,079,581 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $31,314,689 | BOYAmt |
| EOY | $45,060,673 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,213,281 | BOYAmt |
| EOY | $1,523,741 | EOYAmt |
Receivables From Officers Etc ReceivablesFromOfficersEtcGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Rcvbl From Disqualified Prsn RcvblFromDisqualifiedPrsnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $937,512,148 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $352,853,281 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $551,597,874 | BOYAmt |
| EOY | $584,658,867 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $358,571,142 | BOYAmt |
| EOY | $387,948,411 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $94,526,291 | BOYAmt |
| EOY | $107,410,619 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $484,982 | BOYAmt |
| EOY | $295,394 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $41,779,635 | BOYAmt |
| EOY | $23,692,446 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,146,008,194 | BOYAmt |
| EOY | $1,209,670,431 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $50,136,961 | BOYAmt |
| EOY | $47,154,175 | EOYAmt |
Grants Payable GrantsPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $216,637 | BOYAmt |
| EOY | $368,267 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $16,206,331 | BOYAmt |
| EOY | $17,235,906 | EOYAmt |
Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $287,665,627 | BOYAmt |
| EOY | $278,043,471 | EOYAmt |
Loans From Officers Directors LoansFromOfficersDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $14,065,965 | BOYAmt |
| EOY | $15,611,060 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $368,291,521 | BOYAmt |
| EOY | $358,412,879 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $447,954,021 | BOYAmt |
| EOY | $481,116,679 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $329,762,652 | BOYAmt |
| EOY | $370,140,873 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $777,716,673 | BOYAmt |
| EOY | $851,257,552 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,146,008,194 | BOYAmt |
| EOY | $1,209,670,431 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $56,889,542 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $16,792,693 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | -$141,356 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | false | AccountantCompileOrReviewInd |
| FS Audited | Yes (true) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (true) | AuditCommitteeInd |
| Federal Grant Audit Required | Yes (true) | FederalGrantAuditRequiredInd |
| Federal Grant Audit Performed | Yes (true) | FederalGrantAuditPerformedInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School | Yes (X) | SchoolInd |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $42,763,677 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $25,478,475 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $52,721,702 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $30,180,533 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $46,841,328 | CurrentTaxYearAmt |
| Total | $197,985,715 | TotalAmt |
Tax Rev Levied Orgnztnl Bnft170 TaxRevLeviedOrgnztnlBnft170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Govt Furn Srvc Fclts Vl170 GovtFurnSrvcFcltsVl170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $42,763,677 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $25,478,475 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $52,721,702 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $30,180,533 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $46,841,328 | CurrentTaxYearAmt |
| Total | $197,985,715 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $23,943,387 | SubstantialContributorsTotAmt |
| Public Support Total170 | $174,042,329 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $14,130,651 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $8,353,986 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $6,494,202 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $15,251,545 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $14,922,225 | CurrentTaxYearAmt |
| Total | $59,152,609 | TotalAmt |
Unrelated Business Net Incm170 UnrelatedBusinessNetIncm170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus2 Years | $50,424 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $453,170 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $31,342 | CurrentTaxYearAmt |
| Total | $534,936 | TotalAmt |
Other Income170 OtherIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $36,496 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $46,927 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $409,189 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $544,855 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $645,848 | CurrentTaxYearAmt |
| Total | $1,683,315 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $259,356,575 | TotalSupportAmt |
| Gross Receipts Rltd Activities | $1,711,032,549 | GrossReceiptsRltdActivitiesAmt |
| Public Support CY170 | 0.6711 | PublicSupportCY170Pct |
| Public Support PY170 | 0.7009 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Form990 Schedule A Part VI Form990ScheduleAPartVIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Schedule A, Part II, Line 10 Other Income | FormAndLineReferenceDesc |
| Explanation | DESCRIPTION - GROSS INCOME FROM FUNDRAISING EVENTS, COLUMN A - 36496.0, COLUMN B - 46927.0, COLUMN C - 409189.0, COLUMN D - 544855.0, COLUMN E - 645848.0, COLUMN F - 1683315.0; | ExplanationTxt |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule C IRS990ScheduleC
| Field | Value | IRS element (for citing) |
|---|---|---|
| Volunteers | false | VolunteersInd |
| Paid Staff Or Management | false | PaidStaffOrManagementInd |
| Media Advertisements | false | MediaAdvertisementsInd |
| Mailings Members | false | MailingsMembersInd |
| Publications Or Broadcast | false | PublicationsOrBroadcastInd |
| Grants Other Organizations | false | GrantsOtherOrganizationsInd |
| Direct Contact Legislators | false | DirectContactLegislatorsInd |
| Rallies Demonstrations | false | RalliesDemonstrationsInd |
| Other Activities | Yes (true) | OtherActivitiesInd |
| Other Activities | $31 | OtherActivitiesAmt |
| Total Lobbying Expenditures | $31 | TotalLobbyingExpendituresAmt |
| Not Described Section501c3 | false | NotDescribedSection501c3Ind |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Schedule C, Part II-B, Line 1 DETAILED DESCRIPTION OF THE LOBBYING ACTIVITY | FormAndLineReferenceDesc |
| Explanation | FAIRFIELD UNIVERSITY INDIRECTLY INCURS LOBBYING EXPENSE THROUGH DUES PAID TO OTHER ORGANIZATIONS. | ExplanationTxt |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Protection Natural Habitat | Yes (X) | ProtectionNaturalHabitatInd |
| Total Easements | 9 | TotalEasementsCnt |
| Total Acreage | 30.0 | TotalAcreageCnt |
| Historic Strctr Easements Aftr | 0 | HistoricStrctrEasementsAftrCnt |
| Modified Easements | 0 | ModifiedEasementsCnt |
| States Easements Held | 1 | StatesEasementsHeldCnt |
| Written Policy Monitoring | Yes (true) | WrittenPolicyMonitoringInd |
| Staff Hours Spent Enforcement | 65.0 | StaffHoursSpentEnforcementCnt |
| Expenses Incurred Enforcement | $42,500 | ExpensesIncurredEnforcementAmt |
| Section170h Rqr Stsfd | false | Section170hRqrStsfdInd |
| Collection Used Pub Exhibition | Yes (X) | CollectionUsedPubExhibitionInd |
| Coll Used Scholarly Rsrch | Yes (X) | CollUsedScholarlyRsrchInd |
| Collection Used Preservation | Yes (X) | CollectionUsedPreservationInd |
| Coll Used Loan Or Exch Prog | Yes (X) | CollUsedLoanOrExchProgInd |
| Solicited Assets Sale | false | SolicitedAssetsSaleInd |
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $433,609,129 | BeginningYearBalanceAmt |
| Contributions | $6,249,042 | ContributionsAmt |
| Investment Earnings Or Losses | $50,311,401 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $5,368,987 | GrantsOrScholarshipsAmt |
| Other Expenditures | $12,905,430 | OtherExpendituresAmt |
| Administrative Expenses | $204,795 | AdministrativeExpensesAmt |
| End Year Balance | $471,690,360 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $407,344,987 | BeginningYearBalanceAmt |
| Contributions | $8,359,383 | ContributionsAmt |
| Investment Earnings Or Losses | $34,214,939 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $4,989,938 | GrantsOrScholarshipsAmt |
| Other Expenditures | $11,207,352 | OtherExpendituresAmt |
| Administrative Expenses | $112,890 | AdministrativeExpensesAmt |
| End Year Balance | $433,609,129 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $464,604,164 | BeginningYearBalanceAmt |
| Contributions | $6,900,055 | ContributionsAmt |
| Investment Earnings Or Losses | -$51,712,704 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $4,392,904 | GrantsOrScholarshipsAmt |
| Other Expenditures | $7,940,015 | OtherExpendituresAmt |
| Administrative Expenses | $113,609 | AdministrativeExpensesAmt |
| End Year Balance | $407,344,987 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $357,051,925 | BeginningYearBalanceAmt |
| Contributions | $5,229,014 | ContributionsAmt |
| Investment Earnings Or Losses | $118,628,213 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $4,158,615 | GrantsOrScholarshipsAmt |
| Other Expenditures | $11,999,924 | OtherExpendituresAmt |
| Administrative Expenses | $146,449 | AdministrativeExpensesAmt |
| End Year Balance | $464,604,164 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $382,450,518 | BeginningYearBalanceAmt |
| Contributions | $1,402,417 | ContributionsAmt |
| Investment Earnings Or Losses | -$15,169,929 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $4,530,960 | GrantsOrScholarshipsAmt |
| Other Expenditures | $6,958,998 | OtherExpendituresAmt |
| Administrative Expenses | $141,123 | AdministrativeExpensesAmt |
| End Year Balance | $357,051,925 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated Balance EOY | 0.3689 | BoardDesignatedBalanceEOYPct |
| Prmnnt Endowment Balance EOY | 0.6311 | PrmnntEndowmentBalanceEOYPct |
| Term Endowment Balance EOY | 0.0 | TermEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | false | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | false | EndowmentsHeldRelatedOrgInd |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $10,950,253 | OtherCostOrOtherBasisAmt |
| Book Value | $10,950,253 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $758,293,906 | OtherCostOrOtherBasisAmt |
| Depreciation | $255,993,753 | DepreciationAmt |
| Book Value | $502,300,153 | BookValueAmt |
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $15,885,478 | OtherCostOrOtherBasisAmt |
| Depreciation | $1,135,371 | DepreciationAmt |
| Book Value | $14,750,107 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $104,369,352 | OtherCostOrOtherBasisAmt |
| Depreciation | $85,441,350 | DepreciationAmt |
| Book Value | $18,928,002 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $48,013,159 | OtherCostOrOtherBasisAmt |
| Depreciation | $10,282,807 | DepreciationAmt |
| Book Value | $37,730,352 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $584,658,867 | TotalBookValueLandBuildingsAmt |
Other Securities OtherSecuritiesGrp (3 entries)
| DescDesc | Book ValueBookValueAmt | Method ValuationMethodValuationCd |
|---|---|---|
| Investments - other securities | ||
| PRIVATE EQUITY AND OTHER | $63,573,376 | F |
| HEDGE FUNDS OF FUNDS | $43,837,243 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Securities | $107,410,619 | TotalBookValueSecuritiesAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (3 entries)
| DescDesc | AmtAmt |
|---|---|
| Other liabilities | |
| CAPITAL LEASES | $837,941 |
| Right of use operating lease liability | $14,773,119 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $15,611,060 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $382,441,775 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | $16,792,693 | NetUnrealizedGainsInvstAmt |
| Other Revenue | -$124,475,679 | OtherRevenueAmt |
| Revenue Not Reported | -$107,682,986 | RevenueNotReportedAmt |
| Revenue Subtotal | $490,124,761 | RevenueSubtotalAmt |
| Investment Expenses Not Incld | $228,085 | InvestmentExpensesNotIncldAmt |
| Other Revenues Not Included | -$1,044,388 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | -$816,303 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $489,308,458 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $308,900,896 | TotExpnsEtcAuditedFinclStmtAmt |
| Other Expenses Included | $1,044,388 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $1,044,388 | ExpensesNotReportedAmt |
| Expenses Subtotal | $307,856,508 | ExpensesSubtotalAmt |
| Investment Expenses Not Incld2 | $228,085 | InvestmentExpensesNotIncld2Amt |
| Other Expenses Not Included | $124,334,323 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $124,562,408 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $432,418,916 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (8 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Schedule D, Part III, Line 1a Collections of art - financial statement footnote | THE ART COLLECTIONS ARE DONATED TO THE UNIVERSITY AND NOT RECOGNIZED IN THE ASSETS OF THE BALANCE SHEET. THE AUDITED FINANCIAL STATEMENTS DO NOT HAVE A FOOTNOTE REGARDING THE COLLECTIONS. |
| Schedule D, Part III, Line 4 Collections of art - description of collections | THE ART COLLECTIONS ARE AN IMPORTANT CULTURAL RESOURCE OF THE UNIVERSITY, PROVIDING ARTS AND ACADEMIC ENRICHMENT TO THE STUDENTS, FACULTY, LOCAL COMMUNITY, AND INTERNATIONAL SCHOLARLY COMMUNITY. THE COLLECTIONS ARE HOUSED AT THE FAIRFIELD UNIVERSITY ART MUSEUM'S THOMAS J WALSH ART GALLERY, THE BELLARMINE HALL GALLERIES AND AT VARIOUS LOCATIONS ON CAMPUS. THE COLLECTIONS AREA OF THE MUSEUM'S WEBSITE PROVIDES DIGITAL ACCESS TO THESE WORKS OF ART, AND PROVIDES ART HISTORICAL AND TECHNICAL INFORMATION ABOUT THESE OBJECTS. THE FAIRFIELD UNIVERSITY ART MUSEUM IS DEDICATED TO PRESERVING, STUDYING, AND EXHIBITING THOSE OBJECTS ENTRUSTED TO ITS CARE, WHILE NEVER LOSING SIGHT OF ITS OBLIGATION TO EDUCATE AND INSPIRE ITS MANY AUDIENCES, FOR THE GREATER ENRICHMENT OF ALL. THE MUSEUM IS OPEN TO THE PUBLIC AND FREE OF CHARGE. |
| Schedule D, Part V, Line 4 Intended uses of endowment funds | THE UNIVERSITY'S ENDOWMENT IS AN AGGREGATION OF GIFTS PROVIDED BY DONORS WITH THE REQUIREMENT THE GIFTS BE HELD IN PERPETUITY TO GENERATE EARNINGS NOW AND IN FUTURE YEARS TO SUPPORT THE UNIVERSITY'S PROGRAMS OF INSTRUCTION, RESEARCH AND PUBLIC SERVICE AND FUNDS DESIGNATED BY THE BOARD OF TRUSTEES TO FUNCTION AS ENDOWMENT. EARNINGS FROM ENDOWMENT INVESTMENTS SUPPORT SCHOLARSHIPS, CHAIRS, PROFESSORSHIPS, FELLOWSHIPS, BASIC RESEARCH, AS WELL AS ACADEMIC AND PUBLIC SERVICE PROGRAMS. THE ENDOWMENT SHOULD PROVIDE STABILITY SINCE THE PRINCIPAL IS INVESTED AND EARNINGS ARE GENERATED YEAR AFTER YEAR. NET ASSETS ASSOCIATED WITH ENDOWMENT FUNDS, INCLUDING FUNDS DESIGNATED BY THE BOARD OF TRUSTEES TO FUNCTION AS ENDOWMENTS, ARE CLASSIFIED AND REPORTED BASED ON THE EXISTENCE OR ABSENCE OF DONOR-IMPOSED RESTRICTIONS. |
| Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote | THE UNIVERSITY IS A NOT-FOR-PROFIT CORPORATION AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (THE CODE) AND IS GENERALLY EXEMPT FROM INCOME TAXES ON RELATED INCOME PURSUANT TO SECTION 501(A) OF THE CODE. THE UNIVERSITY RECOGNIZES THE EFFECTS OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT OF BEING SUSTAINED. THE UNIVERSITY EVALUATES, ON AN ANNUAL BASIS, THE EFFECTS OF ANY UNCERTAIN TAX POSITIONS ON ITS FINANCIAL STATEMENTS. AS OF JUNE 30, 2024 AND 2023, THE UNIVERSITY HAS NOT IDENTIFIED OR PROVIDED FOR ANY SUCH POSITIONS. |
| Schedule D, Part XI, Line 2(d) Other revenues in audited financial statements not in form 990 | Financial Aid - -XXX-XX-XXXX Change in Value of Split-Interest Agreements - -141356 |
| Schedule D, Part XI, Line 4(b) Other revenues in form 990 not in audited financial statements | RENTAL EXPENSE - -432257 FUNDRAISING EXPENSE - -612131 |
| Schedule D, Part XII, Line 2(d) Other expenses in audited financial statements not in form 990 | RENTAL EXPENSE - 432257 FUNDRAISING EXPENSE - 612131 |
| Schedule D, Part XII, Line 4(b) Other expenses in form 990 not in audited financial statements | FINANCIAL AID - XXX-XX-XXXX |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | Yes (true) | NondiscriminatoryPolicyStmtInd |
| Policy Stmt In Brochures Etc | Yes (true) | PolicyStmtInBrochuresEtcInd |
| Plcy Pblczd Via Broadcast Media | false | PlcyPblczdViaBroadcastMediaInd |
| Maintain Racial Comp Recs | Yes (true) | MaintainRacialCompRecsInd |
| Maintain Scholarships Recs | Yes (true) | MaintainScholarshipsRecsInd |
| Maintain Cpy Of Brochures Etc | Yes (true) | MaintainCpyOfBrochuresEtcInd |
| Maintain Cpy Of All Sol | Yes (true) | MaintainCpyOfAllSolInd |
| Discriminate Race Stdnts Rghts | false | DiscriminateRaceStdntsRghtsInd |
| Discriminate Race Admiss Plcy | false | DiscriminateRaceAdmissPlcyInd |
| Discriminate Race Emplm Fculty | false | DiscriminateRaceEmplmFcultyInd |
| Discriminate Race Schs | false | DiscriminateRaceSchsInd |
| Discriminate Race Educ Plcy | false | DiscriminateRaceEducPlcyInd |
| Discriminate Race Use Of Fclts | false | DiscriminateRaceUseOfFcltsInd |
| Discriminate Race Athlt Prog | false | DiscriminateRaceAthltProgInd |
| Discriminate Race Other Acty | false | DiscriminateRaceOtherActyInd |
| Government Financial Aid Rcvd | Yes (true) | GovernmentFinancialAidRcvdInd |
| Government Financial Aid Rvkd | false | GovernmentFinancialAidRvkdInd |
| Compliance With Rev Proc7550 | false | ComplianceWithRevProc7550Ind |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Schedule E, Part I, Line 3 RACIALLY NONDISCRIMINATORY POLICY | SEE SUPPLEMENTAL SECTION FOR NARRATIVE |
| Schedule E, Part I, Line 6(a) FINANCIAL AID OR ASSISTANCE FROM A GOVERNMENT | FAIRFIELD UNIVERSITY RECEIVES GRANTS, AWARDS AND FINANCIAL ASSISTANCE FOR ITS STUDENTS FROM VARIOUS GOVERNMENTAL AGENCIES. THE UNIVERSITY HAS ALWAYS BEEN IN GOOD STANDING AND THE RIGHT TO RECEIVE SUCH AID HAS NEVER BEEN REVOKED OR SUSPENDED. |
| Schedule E, Part I, Line 3 RACIALLY NONDISCRIMINATORY POLICY | THE UNIVERSITY'S NON-DISCRIMINATORY POLICY IS ACCESSIBLE VIA LINK ON THE UNIVERSITY'S HOMEPAGE. FAIRFIELD UNIVERSITY ADMITS STUDENTS OF ANY SEX, RACE, COLOR, MARITAL STATUS, SEXUAL ORIENTATION, RELIGION, AGE, NATIONAL ORIGIN OR ANCESTRY, DISABILITY OR HANDICAP TO ALL THE RIGHTS, PRIVILEGES, PROGRAMS, AND ACTIVITIES GENERALLY ACCORDED OR MADE AVAILABLE TO STUDENTS OF THE UNIVERSITY. IT DOES NOT DISCRIMINATE ON THE BASIS OF SEX, RACE, COLOR, MARITAL STATUS, SEXUAL ORIENTATION, GENDER IDENTITY, VETERAN'S STATUS, POLITICAL IDEOLOGY, RELIGION, AGE, NATIONAL ORIGIN OR ANCESTRY, DISABILITY OR HANDICAP IN ADMINISTRATION OF ITS EDUCATIONAL POLICIES, ADMISSIONS POLICIES, EMPLOYMENT POLICIES, SCHOLARSHIP AND LOAN PROGRAMS, ATHLETIC PROGRAMS, OR OTHER UNIVERSITY-ADMINISTERED PROGRAMS. THIS INFORMATION IS OUTLINED ON FAIRFIELD UNIVERSITY'S PUBLIC WEBSITE. |
Schedule F IRS990ScheduleF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (true) | GrantRecordsMaintainedInd |
Account Activities Outside US AccountActivitiesOutsideUSGrp (11 entries)
| RegionRegionTxt | OfficesOfficesCnt | EmployeeEmployeeCnt | Type Of Activities ConductedTypeOfActivitiesConductedTxt | Specific Services ProvidedSpecificServicesProvidedTxt | Region Total ExpendituresRegionTotalExpendituresAmt |
|---|---|---|---|---|---|
| Europe (Including Iceland and Greenland) | 1 | 5 | Program Services | Study Abroad Program | $5,946,990 |
| East Asia and the Pacific | 0 | 0 | Program Services | Study Abroad Program | $85,768 |
| East Asia and the Pacific | 0 | 0 | Grantmaking | $274,592 | |
| Europe (Including Iceland and Greenland) | 0 | 0 | Grantmaking | $1,872,211 | |
| Middle East and North Africa | 0 | 0 | Grantmaking | $27,000 | |
| North America (Canada & Mexico only) | 0 | 0 | Grantmaking | $535,628 | |
| South America | 0 | 0 | Grantmaking | $122,355 | |
| South Asia | 0 | 0 | Grantmaking | $577,284 | |
| Sub-Saharan Africa | 0 | 0 | Grantmaking | $151,642 | |
| Central America and the Caribbean | 0 | 0 | Investments | $61,374,182 | |
| Europe (Including Iceland and Greenland) | 0 | 0 | Investments | $15,106,382 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Offices | 1 | SubtotalOfficesCnt |
| Subtotal Employees | 5 | SubtotalEmployeesCnt |
| Continuation Total Office | 0 | ContinuationTotalOfficeCnt |
| Continuation Total Employee | 0 | ContinuationTotalEmployeeCnt |
| Total Office | 1 | TotalOfficeCnt |
| Total Employee | 5 | TotalEmployeeCnt |
| Subtotal Spent | $86,074,034 | SubtotalSpentAmt |
| Continuation Spent | $0 | ContinuationSpentAmt |
| Total Spent | $86,074,034 | TotalSpentAmt |
Foreign Individuals Grants ForeignIndividualsGrantsGrp (7 entries)
| Type Of AssistanceTypeOfAssistanceTxt | RegionRegionTxt | RecipientRecipientCnt | Cash GrantCashGrantAmt | Manner Of Cash DisbursementMannerOfCashDisbursementTxt |
|---|---|---|---|---|
| Scholarship | East Asia and the Pacific | 14 | $274,592 | Financial Aid Applied to Student Account |
| Scholarship | Europe (Including Iceland and Greenland) | 34 | $1,872,211 | Financial Aid Applied to Student Account |
| Scholarship | Middle East and North Africa | 2 | $27,000 | Financial Aid Applied to Student Account |
| Scholarship | North America (Canada & Mexico only) | 11 | $535,628 | Financial Aid Applied to Student Account |
| Scholarship | South America | 3 | $122,355 | Financial Aid Applied to Student Account |
| Scholarship | South Asia | 11 | $577,284 | Financial Aid Applied to Student Account |
| Scholarship | Sub-Saharan Africa | 4 | $151,642 | Financial Aid Applied to Student Account |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Transfer To Foreign Corp | Yes (true) | TransferToForeignCorpInd |
| Interest In Foreign Trust | false | InterestInForeignTrustInd |
| Foreign Corp Ownership | Yes (true) | ForeignCorpOwnershipInd |
| Passive Foreign Investmest Co | Yes (true) | PassiveForeignInvestmestCoInd |
| Foreign Partnership | Yes (true) | ForeignPartnershipInd |
| Boycott Countries | Yes (true) | BoycottCountriesInd |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Schedule F, Part I, Line 2 Procedures for monitoring use of grant funds | THE UNIVERSITY HAS IN PLACE INTERNAL CONTROLS TO ENSURE AMOUNTS ARE AWARDED TO STUDENTS WHO CONTINUE TO MEET & MAINTAIN ELIGIBILITY REQUIREMENTS. THESE INTERNAL CONTROLS ARE ADMINISTRATED BY THE UNIVERSITY'S FINANCIAL AID OFFICE. GRANTMAKING THE UNIVERSITY OFFERS FINANCIAL ASSISTANCE IN THE FORM OF LOANS, GRANTS, EMPLOYMENT (WORK STUDY) AND SCHOLARSHIPS. THE AWARDS ARE AWARDED TO STUDENTS MEETING CERTAIN ELIGIBILITY REQUIREMENTS. THE PROGRAMS ARE ADMINISTERED BY THE FINANCIAL AID OFFICE. |
| Schedule F, Part I, Line 3 Method used to account for expenditures on org's financial statements | CENTRAL AMERICA AND THE CARIBBEAN-Other:Fair Market Value; EAST ASIA AND THE PACIFIC-Accrual; EUROPE (INCLUDING ICELAND AND GREENLAND)-Accrual,Other:Fair Market Value; MIDDLE EAST AND NORTH AFRICA-Accrual; NORTH AMERICA (CANADA & MEXICO ONLY)-Accrual; SOUTH AMERICA-Accrual; SOUTH ASIA-Accrual; SUB-SAHARAN AFRICA-Accrual |
| Schedule F, Part III Method used to account for expenditures on org's financial statements | EAST ASIA AND THE PACIFIC -Accrual EUROPE (INCLUDING ICELAND AND GREENLAND) -Accrual MIDDLE EAST AND NORTH AFRICA -Accrual NORTH AMERICA (CANADA & MEXICO ONLY) -Accrual SOUTH AMERICA -Accrual SOUTH ASIA -Accrual SUB-SAHARAN AFRICA -Accrual |
Schedule G IRS990ScheduleG
| Field | Value | IRS element (for citing) |
|---|---|---|
| Mail Solicitations | Yes (X) | MailSolicitationsInd |
| Email Solicitations | Yes (X) | EmailSolicitationsInd |
| Phone Solicitations | Yes (X) | PhoneSolicitationsInd |
| In Person Solicitations | Yes (X) | InPersonSolicitationsInd |
| Solicitation Of Non Govt Grants | Yes (X) | SolicitationOfNonGovtGrantsInd |
| Special Fundraising Events | Yes (X) | SpecialFundraisingEventsInd |
| Agrmt Prof Fundraising Acty | Yes (true) | AgrmtProfFundraisingActyInd |
Fundraiser Activity Info FundraiserActivityInfoGrp (5 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | ActivityActivityTxt | Fundraiser Control Of FundsFundraiserControlOfFundsInd | Gross ReceiptsGrossReceiptsAmt | Retained By ContractorRetainedByContractorAmt | Net To OrganizationNetToOrganizationAmt |
|---|---|---|---|---|---|---|---|---|
| GiveCampus Inc | ||||||||
| 903 G St SE | Washington | DC | 20003 | External Website | false | $2,623,961 | $76,966 | $2,546,995 |
| Greater Giving Inc | ||||||||
| 2035 NW Front Avenue Suite 205 | Portland | OR | 97209 | External Website | false | $229,520 | $9,739 | $219,781 |
| Community Counselling LLC | ||||||||
| 527 Madison Avenue 5th Floor | New York | NY | 10022 | Campaign Consulting | false | $0 | $96,000 | -$96,000 |
| TOSKR Inc | ||||||||
| 2672 BAYSHORE PARKWAY | MOUNTAIN VIEW | CA | 94043 | External Communications | false | $0 | $7,615 | -$7,615 |
| EverTrue | ||||||||
| 33 Arch St 17th Floor | Boston | MA | 02110 | Donor Experience | false | $243,727 | $28,500 | $215,227 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Gross Receipts | $3,097,208 | TotalGrossReceiptsAmt |
| Total Retained By Contractors | $218,820 | TotalRetainedByContractorsAmt |
| Total Net To Organization | $2,878,388 | TotalNetToOrganizationAmt |
| Licensed States | CT | LicensedStatesCd |
| Licensed States | FL | LicensedStatesCd |
| Licensed States | NJ | LicensedStatesCd |
| Licensed States | NY | LicensedStatesCd |
Fundraising Event Information FundraisingEventInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Event1 | Alumni Award Dinner | Event1Nm |
| Gross Receipts Event1 | $1,419,000 | GrossReceiptsEvent1Amt |
| Charitable Contri Event1 | $995,300 | CharitableContriEvent1Amt |
| Gross Revenue Event1 | $423,700 | GrossRevenueEvent1Amt |
| Rent Facility Costs Event1 | $78,959 | RentFacilityCostsEvent1Amt |
| Food And Beverage Event1 | $296,306 | FoodAndBeverageEvent1Amt |
| Other Direct Expenses Event1 | $48,435 | OtherDirectExpensesEvent1Amt |
| Event2 | Prep Auction | Event2Nm |
| Gross Receipts Event2 | $283,796 | GrossReceiptsEvent2Amt |
| Charitable Contri Event2 | $176,771 | CharitableContriEvent2Amt |
| Gross Revenue Event2 | $107,025 | GrossRevenueEvent2Amt |
| Rent Facility Costs Event2 | $25,638 | RentFacilityCostsEvent2Amt |
| Food And Beverage Event2 | $19,538 | FoodAndBeverageEvent2Amt |
| Other Direct Expenses Event2 | $18,115 | OtherDirectExpensesEvent2Amt |
| Other Events Total | 5 | OtherEventsTotalCnt |
| Gross Receipts Other Events | $261,284 | GrossReceiptsOtherEventsAmt |
| Charitable Contri Other Events | $146,161 | CharitableContriOtherEventsAmt |
| Gross Revenue Other Events | $115,123 | GrossRevenueOtherEventsAmt |
| Rent Fclty Costs Other Events | $72,169 | RentFcltyCostsOtherEventsAmt |
| Food And Beverage Other Events | $24,057 | FoodAndBeverageOtherEventsAmt |
| Oth Direct Expnss Other Events | $28,914 | OthDirectExpnssOtherEventsAmt |
| Gross Receipts Total | $1,964,080 | GrossReceiptsTotalAmt |
| Charitable Contributions Tot | $1,318,232 | CharitableContributionsTotAmt |
| Gross Revenue Total Events | $645,848 | GrossRevenueTotalEventsAmt |
| Rent Fclty Costs Total Events | $176,766 | RentFcltyCostsTotalEventsAmt |
| Food And Beverage Total Events | $339,901 | FoodAndBeverageTotalEventsAmt |
| Oth Direct Expnss Total Events | $95,464 | OthDirectExpnssTotalEventsAmt |
| Direct Expense Summary Events | $612,131 | DirectExpenseSummaryEventsAmt |
| Net Income Summary | $33,717 | NetIncomeSummaryAmt |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Schedule G, Part I PROFESSIONAL FUNDRAISING SERVICES | GREATER GIVING AND GIVECAMPUS: PROVIDE AN ON-LINE PLATFORM USED AS PART OF THE UNIVERSITY'S ANNUAL FUNDRAISING ACTIVITIES. COMMUNITY COUNSELING SERVICES, A STRATEGIC FUNDRAISING FIRM, PROVIDED ON-SITE TRAININGS TO FAIRFIELD UNIVERSITY IN-HOUSE PERSONNEL ON FUNDRAISING STRATEGIES, PLANNING, MANAGING, AS WELL AS IMPLEMENTING PROGRAMS THAT ACHIEVE FUNDRAISING GOALS. THE UNIVERSITY IS UNABLE TO DETERMINE THE GROSS RECEIPTS FROM THESE ACTIVITIES. TOSKR: A TEXT MESSAGING SERVICE USED IN FUNDRAISING. THE UNIVERSITY IS UNABLE TO DETERMINE THE GROSS RECEIPTS FROM THESE ACTIVITIES. Evertrue: a software platform that provides two primary services. First, to provide career data updates for our alumni through data mining. Second, it operates a frontline portfolio tool, helping to increase efficiency in individual donor outreach to our intermediate giving donors. |
| Schedule G, Part I, Line 3 STATES REGISTERED | THE UNIVERSITY IS REGISTERED IN CT, NY, NJ AND FL FOR THE SOLICITATION OF CONTRIBUTIONS THROUGH CHARITABLE GIFT ANNUITIES. |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (true) | GrantRecordsMaintainedInd |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp (5 entries)
| Grant TypeGrantTypeTxt | RecipientRecipientCnt | Cash GrantCashGrantAmt |
|---|---|---|
| INSTITUTIONAL SCHOLARSHIPS | 6673 | $102,221,774 |
| ATHLETIC SCHOLARSHIPS | 270 | $7,117,704 |
| STATE AND FEDERAL GRANTS | 294 | $1,497,122 |
| PREP SCHOOL FINANCIAL AID | 359 | $4,185,087 |
| OTHER FINANCIAL AID | 609 | $5,751,924 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds. | FormAndLineReferenceDesc |
| Explanation | THE UNIVERSITY OFFERS FINANCIAL ASSISTANCE IN THE FORM OF LOANS, GRANTS, EMPLOYMENT (WORK STUDY) AND SCHOLARSHIPS. THE AWARDS ARE AWARDED TO STUDENTS MEETING CERTAIN ELIGIBILITY REQUIREMENTS. THE PROGRAMS ARE ADMINISTERED BY THE FINANCIAL AID OFFICE WHICH HAS VARIOUS INTERNAL CONTROLS IN PLACE TO MONITOR THE AMOUNT OFFERED TO STUDENTS. AN ANNUAL UNIFORM GUIDANCE AUDIT IS CONDUCTED FOR THE FINANCIAL AID PROGRAMS AND THE FISAP REPORT IS PREPARED ANNUALLY FOR THE DEPARTMENT OF EDUCATION. AMOUNTS OF AID AWARDED ARE CREDITED TO STUDENT ACCOUNTS AND NOT SENT DIRECTLY TO THE STUDENT. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Housing Allowance Or Residence | Yes (X) | HousingAllowanceOrResidenceInd |
| Club Dues Or Fees | Yes (X) | ClubDuesOrFeesInd |
| Written Policy Ref T And E Expnss | Yes (true) | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | Yes (true) | SubstantiationRequiredInd |
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Independent Consultant | Yes (X) | IndependentConsultantInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | Yes (true) | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | false | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | false | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | false | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | false | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | false | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | false | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | Yes (true) | AnyNonFixedPaymentsInd |
| Initial Contract Exception | false | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (11 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| MARK R NEMEC PHD | ||||||||||||||
| PRESIDENT | $606,447 | $0 | $210,000 | $0 | $8,910 | $0 | $29,700 | $0 | $104,863 | $0 | $959,920 | $0 | $0 | $0 |
| MICHAEL TRAFECANTE | ||||||||||||||
| VP FOR FINANCE, CFO & TREASURER | $295,630 | $0 | $67,500 | $0 | $0 | $0 | $26,197 | $0 | $127,717 | $0 | $517,044 | $0 | $0 | $0 |
| CHRISTINE SIEGEL | ||||||||||||||
| PROVOST & SR VP ACADEMICS | $387,327 | $0 | $121,187 | $0 | $0 | $0 | $29,700 | $0 | $52,620 | $0 | $590,834 | $0 | $0 | $0 |
| JOANNE WILLIAMS | ||||||||||||||
| SR VP FOR FINANCE & ADMIN | $364,823 | $0 | $72,000 | $0 | $20,363 | $0 | $29,700 | $0 | $23,143 | $0 | $510,029 | $0 | $0 | $0 |
| RICHARD GREENWALD | ||||||||||||||
| DEAN, SCHOOL OF CAS | $246,668 | $0 | $37,800 | $0 | $0 | $0 | $22,935 | $0 | $53,038 | $0 | $360,441 | $0 | $0 | $0 |
| DAVID FRASSINELLI | ||||||||||||||
| VP OF FACILITIES, CAMPUS & AUXILIARY SERVICES | $235,501 | $0 | $53,793 | $0 | $0 | $0 | $21,744 | $0 | $39,226 | $0 | $350,264 | $0 | $0 | $0 |
| JOHN YOUNG | ||||||||||||||
| HEAD MBB COACH (end 10-16-2023) | $419,868 | $0 | $0 | $0 | $641,770 | $0 | $29,700 | $0 | $33,303 | $0 | $1,124,641 | $0 | $0 | $0 |
| ZHAN LI | ||||||||||||||
| DEAN, SCHOOL OF BUSINESS | $367,388 | $0 | $82,349 | $0 | $12,931 | $0 | $29,700 | $0 | $20,197 | $0 | $512,565 | $0 | $0 | $0 |
| WALTER HALAS | ||||||||||||||
| VP OF ADVANCEMENT | $333,449 | $0 | $75,026 | $0 | $6,050 | $0 | $29,700 | $0 | $45,192 | $0 | $489,417 | $0 | $0 | $0 |
| LAURIE MCCARTHY | ||||||||||||||
| Dean, School of Edu and Human Development (end 5-31-2023) | $114,440 | $0 | $0 | $0 | $345,064 | $0 | $7,782 | $0 | $2,817 | $0 | $470,103 | $0 | $0 | $0 |
| PAUL SCHLICKMANN | ||||||||||||||
| VP OF ATHLETICS | $307,531 | $0 | $67,725 | $0 | $3,684 | $0 | $28,704 | $0 | $56,003 | $0 | $463,647 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail (4 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Schedule J, Part I, Line 1a Housing allowance or residence for personal use | THE PRESIDENT RESIDES IN A HOUSE THAT WAS DONATED TO THE UNIVERSITY SPECIFICALLY FOR THE PRESIDENT'S USE. THE HOUSE IS USED FOR UNIVERSITY EVENTS. THE PRESIDENT LIVES IN THE HOUSE FOR THE CONVENIENCE OF THE UNIVERSITY. ALL AMOUNTS ARE INCLUDED IN NON-TAXABLE BENEFITS IN COLUMN D OF SCHEDULE J, PART II, COLUMN (D). THE UNIVERSITY PROVIDES AN APARTMENT FOR USE BY THE DEAN OF THE SCHOOL OF BUSINESS AND SENIOR VP OF FINANCE & ADMINISTRATION. ALL AMOUNTS ARE INCLUDED IN TAXABLE INCOME. |
| Schedule J, Part I, Line 1a Health or social club dues or initiation fees | THE PRESIDENT RECEIVED MEMBERSHIP TO A CLUB FOR THE PURPOSE OF ENTERTAINING POTENTIAL DONORS. ALL AMOUNTS ARE INCLUDED IN TAXABLE INCOME. |
| Schedule J, Part I, Line 4a Severance or change-of-control payment | JOHN YOUNG RECEIVED A SEVERANCE PAYMENT OF $638,932. LAURIE MCCARTHY RECEIVED A SEVERANCE PAYMENT OF $345,064. |
| Schedule J, Part I, Line 7 Non-fixed payments | VARIOUS MEMBERS OF MANAGEMENT WERE AWARDED A PERFORMANCE BONUS BASED ON SUCCESSFUL ATTAINMENT OF PERFORMANCE BASED OBJECTIVES. |
Schedule K IRS990ScheduleK
Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp (4 entries)
| Bond ReferenceBondReferenceCd | Bond Issuer EINBondIssuerEIN | CUSIPCUSIPNum | Bond IssuedBondIssuedDt | Issue PriceIssuePriceAmt | PurposePurposeDesc | DefeasedDefeasedInd | On Behalf Of IssuerOnBehalfOfIssuerInd | Pool FinancingPoolFinancingInd |
|---|---|---|---|---|---|---|---|---|
| CHEFA 2016 SERIES Q-1 | ||||||||
| A | 060806186 | 20774YYR2 | 2016-02-25 | $53,583,942 | CONSTRUCTION OF VARIOUS CAMPUS FACILITIES | false | false | false |
| CHEFA 2016 SERIES Q-2 | ||||||||
| B | 060806186 | 20774YZH3 | 2016-03-30 | $20,006,907 | PARTIALLY ADVANCE REFUND CHEFA SERIES 2008 | false | false | false |
| CHEFA 2017 SERIES R | ||||||||
| C | 060806186 | 20774Y3B1 | 2017-12-20 | $121,950,419 | REFUND CHEFA SERIES O; CONSTRUCTION | false | false | false |
| CHEFA 2018 SERIES S | ||||||||
| D | 060806186 | 20774Y3Y1 | 2018-04-04 | $75,309,545 | REFUND CHEFA SERIES M & N; CONSTRUCTION | false | false | false |
Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp (4 entries)
| Bond ReferenceBondReferenceCd | RetiredRetiredAmt | Total ProceedsTotalProceedsAmt | In Reserve FundInReserveFundAmt | Capitalized InterestCapitalizedInterestAmt | Refunding EscrowRefundingEscrowAmt | Issuance Costs From ProceedsIssuanceCostsFromProceedsAmt | Credit EnhancementCreditEnhancementAmt | Working Capital ExpendituresWorkingCapitalExpendituresAmt | Capital ExpendituresCapitalExpendituresAmt | Other Spent ProceedsOtherSpentProceedsAmt | UnspentUnspentAmt | Substantial CompletionSubstantialCompletionYr | Refunding Tax Exempt BondsRefundingTaxExemptBondsInd | Refunding Taxable BondsRefundingTaxableBondsInd | Final Allocation MadeFinalAllocationMadeInd | Adequate Books And Rec MaintAdequateBooksAndRecMaintInd | Bond DefeasedBondDefeasedAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| A | $0 | $53,583,942 | $0 | $3,138,393 | $0 | $525,083 | $0 | $0 | $49,920,466 | $0 | $0 | 2018 | false | false | Yes (true) | Yes (true) | |
| B | $6,260,000 | $20,006,907 | $0 | $0 | $0 | $291,476 | $0 | $0 | $0 | $19,715,431 | $0 | 2016 | false | Yes (true) | Yes (true) | Yes (true) | |
| C | $121,950,419 | $0 | $0 | $0 | $808,952 | $0 | $0 | $40,000,000 | $81,141,467 | $0 | 2019 | false | Yes (true) | Yes (true) | Yes (true) | ||
| D | $27,960,000 | $75,309,545 | $0 | $0 | $0 | $554,389 | $0 | $0 | $0 | $74,755,156 | $0 | 2018 | Yes (true) | false | Yes (true) | Yes (true) | $0 |
Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp (4 entries)
| Bond ReferenceBondReferenceCd | Owning Bond Financed PropertyOwningBondFinancedPropertyInd | Any Lease ArrangementsAnyLeaseArrangementsInd | Mgmt Contract Bond Fincd PropMgmtContractBondFincdPropInd | Engage Bond Counsel ContractsEngageBondCounselContractsInd | Any Research AgreementsAnyResearchAgreementsInd | Private Bus Use By OthersPrivateBusUseByOthersPct | Private Bus Concerning UBIPrivateBusConcerningUBIPct | Total Private Business UseTotalPrivateBusinessUsePct | Bond Iss Meet Prvt Sec Pymt TestBondIssMeetPrvtSecPymtTestInd | Change In Use Bond Financed PropChangeInUseBondFinancedPropInd | Procs Nonqualified Bond RemdtdProcsNonqualifiedBondRemdtdInd | Engage Bond Counsel ResearchEngageBondCounselResearchInd |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| A | false | false | Yes (true) | Yes (true) | false | 0.0 | 0.0 | 0.0 | false | false | Yes (true) | |
| B | false | false | Yes (true) | Yes (true) | Yes (true) | 0.0008 | 0.0 | 0.0008 | false | false | Yes (true) | Yes (true) |
| C | false | false | Yes (true) | Yes (true) | false | 0.0 | 0.0 | 0.0 | false | false | Yes (true) | |
| D | false | false | Yes (true) | Yes (true) | false | 0.0 | 0.0 | 0.0 | false | false | Yes (true) | Yes (true) |
Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp (4 entries)
| Bond ReferenceBondReferenceCd | Form8038 T FiledForm8038TFiledInd | Rebate Not Due YetRebateNotDueYetInd | Exception To RebateExceptionToRebateInd | No Rebate DueNoRebateDueInd | Variable Rate IssueVariableRateIssueInd | Hedge Identified In Bks And RecHedgeIdentifiedInBksAndRecInd | Gross Proceeds Invested In GICGrossProceedsInvestedInGICInd | Gross Proceeds InvestedGrossProceedsInvestedInd | Written Proc To Monitor ReqsWrittenProcToMonitorReqsInd |
|---|---|---|---|---|---|---|---|---|---|
| A | false | false | false | Yes (true) | false | false | false | false | Yes (true) |
| B | false | false | false | Yes (true) | false | false | false | false | Yes (true) |
| C | false | false | false | Yes (true) | false | false | false | false | Yes (true) |
| D | false | false | false | Yes (true) | false | false | false | false | Yes (true) |
Procedures Corrective Action ProceduresCorrectiveActionGrp (4 entries)
| Bond ReferenceBondReferenceCd | Procedures Corrective ActionProceduresCorrectiveActionInd |
|---|---|
| A | Yes (true) |
| B | Yes (true) |
| C | Yes (true) |
| D | Yes (true) |
Supplemental Information Detail SupplementalInformationDetail (4 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Schedule K, Part II, Line 11 OTHER SPENT PROCEEDS | CHEFA 2016 SERIES Q-2 BOND: THE OTHER SPENT PROCEEDS WERE USED TO ADVANCE REFUND A PORTION OF THE SERIES M BOND ISSUE. CHEFA 2017 SERIES R BOND: THE OTHER PROCEEDS WERE USED TO REFUND SERIES O. THE REMAINING $40 MILLION WAS USED FOR THE CONSTRUCTION OF NEW JR/SR TOWNHOUSES AND RENOVATIONS OF OTHER CAMPUS FACILITIES. CHEFA 2018 SERIES S BOND: THE OTHER SPEND PROCEEDS WERE USED TO CURRENTLY REFUND THE 2008 SERIES M AND SERIES N BOND ISSUES. CHEFA 2020 SERIES T BOND: THE OTHER SPENT PROCEEDS WERE USED TO REFUND THE 2010 SERIES P BOND SERIES. |
| Schedule K, Part III, Line 3a MANAGEMENT AND SERVICE CONTRACTS | ALL MANAGEMENT AND SERVICE CONTRACTS IN BOND FINANCED SPACE HAVE BEEN PREVIOUSLY REVIEWED BY BOND COUNSEL. THEY WERE DETERMINED TO FALL UNDER THE SAFE HARBOR PROVIDED BY REVENUE PROCEDURE 2007-17 AND WILL NOT RESULT IN PRIVATE BUSINESS USE. |
| Schedule K, Part III, Line 3c RESEARCH AGREEMENTS | RESEARCH AGREEMENTS RELATING TO THE BOND ISSUE Q2 HAVE BEEN REVIEWED BY BOND COUNSEL TO ENSURE THEY ARE COMPLIANT WITH THE APPLICABLE SAFE HARBORS. THE RESEARCH AGREEMENTS DID NOT RESULT IN ANY PRIVATE BUSINESS USE. |
| Schedule K, Part IV, Line 2c REBATE CALCULATIONS | THE DATE OF MOST RECENT REBATE CALCULATION FOR THE CHEFA 2016 SERIES Q-1 WAS FEBRUARY 25, 2021. THE DATE OF THE MOST RECENT REBATE CALCULATION FOR THE CHEFA 2016 Q-2 WAS MARCH 30, 2021. THE DATE OF THE MOST RECENT REBATE CALCULATION FOR THE CHEFA 2017 SERIES R BOND WAS DECEMBER 20, 2022. THE DATE OF THE MOST RECENT REBATE CALCULATION FOR THE CHEFA 2018 SERIES S BOND WAS APRIL 4, 2023. |
Schedule K IRS990ScheduleK
Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp (2 entries)
| Bond ReferenceBondReferenceCd | Bond Issuer EINBondIssuerEIN | CUSIPCUSIPNum | Bond IssuedBondIssuedDt | Issue PriceIssuePriceAmt | PurposePurposeDesc | DefeasedDefeasedInd | On Behalf Of IssuerOnBehalfOfIssuerInd | Pool FinancingPoolFinancingInd |
|---|---|---|---|---|---|---|---|---|
| CHEFA 2020 SERIES T | ||||||||
| A | 060806186 | 20775DHW5 | 2020-09-10 | $28,063,429 | REFUND CHEFA SERIES P; CONSTRUCTION | false | false | false |
| CHEFA 2022 SERIES U | ||||||||
| B | 060806186 | 20775DST0 | 2022-03-17 | $30,469,568 | CONSTRUCTION | false | false | false |
Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp (2 entries)
| Bond ReferenceBondReferenceCd | RetiredRetiredAmt | Total ProceedsTotalProceedsAmt | In Reserve FundInReserveFundAmt | Capitalized InterestCapitalizedInterestAmt | Refunding EscrowRefundingEscrowAmt | Issuance Costs From ProceedsIssuanceCostsFromProceedsAmt | Credit EnhancementCreditEnhancementAmt | Working Capital ExpendituresWorkingCapitalExpendituresAmt | Capital ExpendituresCapitalExpendituresAmt | Other Spent ProceedsOtherSpentProceedsAmt | UnspentUnspentAmt | Substantial CompletionSubstantialCompletionYr | Refunding Tax Exempt BondsRefundingTaxExemptBondsInd | Refunding Taxable BondsRefundingTaxableBondsInd | Final Allocation MadeFinalAllocationMadeInd | Adequate Books And Rec MaintAdequateBooksAndRecMaintInd |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| A | $2,760,000 | $28,063,429 | $0 | $0 | $0 | $489,189 | $0 | $0 | $16,068,221 | $11,506,019 | $0 | 2024 | Yes (true) | false | false | Yes (true) |
| B | $0 | $30,469,568 | $0 | $0 | $0 | $469,568 | $0 | $0 | $30,000,000 | $0 | $0 | 2024 | false | false | false | Yes (true) |
Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp (2 entries)
| Bond ReferenceBondReferenceCd | Owning Bond Financed PropertyOwningBondFinancedPropertyInd | Any Lease ArrangementsAnyLeaseArrangementsInd | Mgmt Contract Bond Fincd PropMgmtContractBondFincdPropInd | Engage Bond Counsel ContractsEngageBondCounselContractsInd | Any Research AgreementsAnyResearchAgreementsInd | Private Bus Use By OthersPrivateBusUseByOthersPct | Private Bus Concerning UBIPrivateBusConcerningUBIPct | Total Private Business UseTotalPrivateBusinessUsePct | Bond Iss Meet Prvt Sec Pymt TestBondIssMeetPrvtSecPymtTestInd | Change In Use Bond Financed PropChangeInUseBondFinancedPropInd | Procs Nonqualified Bond RemdtdProcsNonqualifiedBondRemdtdInd |
|---|---|---|---|---|---|---|---|---|---|---|---|
| A | false | false | Yes (true) | Yes (true) | false | 0.0 | 0.0 | 0.0 | false | false | Yes (true) |
| B | false | false | Yes (true) | Yes (true) | false | 0.0 | 0.0 | 0.0 | false | false | Yes (true) |
Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp (2 entries)
| Bond ReferenceBondReferenceCd | Form8038 T FiledForm8038TFiledInd | Rebate Not Due YetRebateNotDueYetInd | Exception To RebateExceptionToRebateInd | No Rebate DueNoRebateDueInd | Variable Rate IssueVariableRateIssueInd | Hedge Identified In Bks And RecHedgeIdentifiedInBksAndRecInd | Gross Proceeds Invested In GICGrossProceedsInvestedInGICInd | Gross Proceeds InvestedGrossProceedsInvestedInd | Written Proc To Monitor ReqsWrittenProcToMonitorReqsInd |
|---|---|---|---|---|---|---|---|---|---|
| A | false | Yes (true) | false | false | false | false | false | false | Yes (true) |
| B | false | Yes (true) | false | false | false | false | false | false | Yes (true) |
Procedures Corrective Action ProceduresCorrectiveActionGrp (2 entries)
| Bond ReferenceBondReferenceCd | Procedures Corrective ActionProceduresCorrectiveActionInd |
|---|---|
| A | Yes (true) |
| B | Yes (true) |
Schedule L IRS990ScheduleL
Grnt Asst Bnft Interested Prsn GrntAsstBnftInterestedPrsnGrp (2 entries)
| Cash GrantCashGrantAmt | Type Of AssistanceTypeOfAssistanceTxt | Assistance PurposeAssistancePurposeTxt |
|---|---|---|
| $14,000 | MERIT SCHOLARSHIP | EDUCATIONAL |
| $124,350 | Discounted Tuition | EDUCATIONAL |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Schedule L, Part III Columns (A) and (B) - Reporting for Schools: | FormAndLineReferenceDesc |
| Explanation | Family members of certain officers received merit scholarships and discounted tuition. The aid was awarded in accordance with the University's Standard Policies and Procedures. | ExplanationTxt |
Schedule M IRS990ScheduleM
Works Of Art WorksOfArtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 307 | ContributionCnt |
| Method Of Determining Revenues | Other - Appraisals | MethodOfDeterminingRevenuesTxt |
Securities Publicly Traded SecuritiesPubliclyTradedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 40 | ContributionCnt |
| Noncash Contributions Rpt F990 | $1,452,111 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | Market value | MethodOfDeterminingRevenuesTxt |
Other Non Cash Contri Table OtherNonCashContriTableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Desc | Gifts in kind | Desc |
| Contribution | 5 | ContributionCnt |
| Noncash Contributions Rpt F990 | $92,380 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | Market value | MethodOfDeterminingRevenuesTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form8283 Received | 2 | Form8283ReceivedCnt |
| Any Property That Must Be Held | false | AnyPropertyThatMustBeHeldInd |
| Review Process Unusual NC Gifts | false | ReviewProcessUnusualNCGiftsInd |
| Third Parties Used | false | ThirdPartiesUsedInd |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Schedule M, Part I, Line 33 Noncash contribution amounts not reported | FAIRFIELD UNIVERSITY DOES NOT REPORT AN APPRAISED VALUE FOR WORK OF ARTS IN ITS AUDITED FINANCIAL STATEMENTS. |
| Schedule M, Part I Explanations of reporting method for number of contributions | Art - Works of art - number of contributions Securities - Publicly traded - number of contributors Other - Gifts in kind number of contributions |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (8 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Form 990, Part III, Line 4a Program Service Accomplishments | FAIRFIELD UNIVERSITY IS AN INSTITUTION OF HIGHER LEARNING WITH UNDERGRADUATE, GRADUATE, DOCTORATE AND CONTINUING EDUCATION ACADEMIC PROGRAMS INCLUDING STUDENTS RESIDING ON CAMPUS. FULL-TIME EQUIVALENT ENROLLMENT FOR THE 2023-2024 ACADEMIC YEAR WAS 4,925 UNDERGRADUATE AND 857 GRADUATE STUDENTS WITH APPROXIMATELY 3,749 STUDENTS LIVING IN ON-CAMPUS RESIDENCES. ALSO INCLUDED IN OUR PROGRAM SERVICES IS A SECONDARY PREPARATORY SCHOOL WITH AN ENROLLMENT OF APPROXIMATELY 790 STUDENTS. FAIRFIELD UNIVERSITY WELCOMED 1,436 MEMBERS OF THE CLASS OF 2027 AND 24 TRANSFER STUDENTS TO CAMPUS IN THE FALL OF 2023. THE CLASS OF 2027 IS A STRONG CLASS, WITH AN AVERAGE SAT SCORE OF 1,313, HIGHER THAN THAT OF THE CLASS OF 2026. CONTINUED REFINEMENT OF THE FINANCIAL AID PROCESS AS WELL AS ENHANCEMENTS TO CAMPUS PROGRAMMING AND FOLLOW UP COMMUNICATION EFFORTS RESULTED IN A CLASS THAT EXCEEDED OUR BUDGETED GOALS. FOUNDED IN 1942, FAIRFIELD UNIVERSITY IS A MODERN JESUIT CATHOLIC UNIVERSITY WITH A STRONG FOUNDATION IN THE LIBERAL ARTS AND ROOTED IN ONE OF THE WORLD'S OLDEST INTELLECTUAL AND SPIRITUAL TRADITIONS. FAIRFIELD OFFERS OVER 50 UNDERGRADUATE MAJORS, 31 INTERDISCIPLINARY MINORS AND MORE THAN 50 MASTER'S DEGREE PROGRAMS, DOCTORAL PROGRAMS AND GRADUATE CERTIFICATES IN A WIDE VARIETY OF FIELDS. FAIRFIELD UNIVERSITY RANKED NO. 45 FOR BEST UNDERGRADUATE TEACHING IN THE NATIONAL UNIVERSITIES CATEGORY IN THE 2025 U.S. NEWS & WORLD REPORT BEST COLLEGE RANKINGS. FAIRFIELD'S OVERALL RANK IN THE NATIONAL UNIVERSITIES CATEGORY THIS YEAR IS NO. 132 (T), WITH NATIONALLY RANKED UNDERGRADUATE AND GRADUATE PROGRAMS IN A VARIETY OF DISCIPLINES INCLUDING: NO. 127 BEST UNDERGRADUATE BUSINESS PROGRAMS; NO. 96 BEST UNDERGRADUATE NURSING; AND NO. 78 BEST UNDERGRADUATE ENGINEERING. OUT OF 161 NATIONAL DOCTORAL/PROFESSIONAL UNIVERSITIES (DPU), AS CLASSIFIED BY THE CARNEGIE CLASSIFICATION SYSTEM, FAIRFIELD IS NO. 7. AMONG PRIVATE INSTITUTIONS IN THE NATIONAL UNIVERSITIES CATEGORY, FAIRFIELD ONCE AGAIN PLACED IN THE TOP 75, COMING IN AT NO. 65. IN PROGRAM SPECIALTY RANKINGS, THE DOLAN SCHOOL CONTINUES TO SHINE WITH STANDOUT RANKINGS: NO. 13 (T) FOR BUSINESS ANALYTICS; NO. 16 (T) FOR MARKETING; NO. 16 (T) FOR FINANCE; NO. 18 (T) FOR ACCOUNTING; AND NO. 38 (T) FOR MANAGEMENT. FAIRFIELD'S SCHOOL OF ENGINEERING & COMPUTING WAS RANKED NO. 86 IN THE BEST UNDERGRADUATE ENGINEERING PROGRAMS CATEGORY (NON-DOCTORATE) WAS RANKED NO. 78 (T), AND THE EGAN SCHOOL OF NURSING WAS RANKED NO. 96 FOR BEST UNDERGRADUATE NURSING PROGRAMS. FAIRFIELD UNIVERSITY WAS RANKED NO. 116 ON THE WALL STREET JOURNAL'S 2025 BEST COLLEGES IN THE U.S. LIST, RISING 8 SPOTS. THE UNIVERSITY ALSO MADE A SIGNIFICANT LEAP IN THE STUDENT EXPERIENCE CATEGORY TO THE TOP 13 PERCENT AT NO. 63-CLIMBING AN IMPRESSIVE 254 PLACES FROM LAST YEAR'S POSITION. THE WALL STREET JOURNAL RANKED FAIRFIELD NO. 97 AND IN THE TOP 20 PERCENT IN THE BEST SALARIES CATEGORY OUT OF 500 COLLEGES, A TESTAMENT TO THE UNIVERSITY'S COMMITMENT TO PREPARING STUDENTS FOR SUCCESSFUL CAREERS. GRADUATE PROGRAMS IN THE CHARLES F. DOLAN SCHOOL OF BUSINESS AND THE MARION PECKHAM EGAN SCHOOL OF NURSING & HEALTH STUDIES ROSE ONCE AGAIN IN THE 2024-2025 U.S. NEWS BEST GRADUATE SCHOOL RANKINGS. FAIRFIELD DOLAN'S ACCOUNTING PROGRAM ROSE 10 SPOTS TO NO.16 (T), ONCE AGAIN IN THE TOP 20 IN THE U.S. FAIRFIELD DOLAN'S MARKETING PROGRAM WAS ALSO RANKED IN THE TOP 20 AT NO.17 (T). BUSINESS ANALYTICS (T) AND FINANCE PROGRAMS WERE BOTH RANKED NO. 25 IN THE NATION. CONTINUING THE UPWARD TREND, FAIRFIELD DOLAN'S PART-TIME MBA PROGRAM ROSE 23 SPOTS TO NO. 53 (T). AMONG BEST NURSING SCHOOLS IN THE U.S. THAT OFFER MASTER'S DEGREES, FAIRFIELD EGAN ROSE 15 SPOTS TO NO. 58 (T) THIS YEAR (NO.2 IN CONNECTICUT). THE EGAN SCHOOL'S DNP PROGRAM ALSO ROSE 2 SPOTS TO NO. 72 (NO. 3 IN CONNECTICUT). FOR THE 2024-2025 EDITION, U.S. NEWS ALSO REPORTED ADDITIONAL SPECIALTY PROGRAMS RANKINGS - NEW SURVEY-BASED RANKINGS FOR TWELVE DISCIPLINES THAT ARE BASED SOLELY ON PEER ASSESSMENT. FAIRFIELD EGAN AND THE SCHOOL OF EDUCATION AND HUMAN DEVELOPMENT RECEIVED AWARD-WINNING RANKINGS IN THE FOLLOWING PEER-REVIEWED DISCIPLINES: NURSING ANESTHESIA NO. 29; NURSING MIDWIFERY NO. 17; AND SOCIAL WORK NO. 142 (T). THE PRINCETON REVIEW'S 2025 BEST 390 COLLEGES RANKINGS PLACED FAIRFIELD AT NO. 22 FOR BEST CAREER SERVICES; NO. 18 BEST STUDENT SUPPORT AND COUNSELING SERVICES; AND NO. 22 MOST ACTIVE STUDENT GOVERNMENT. FAIRFIELD'S REPUTATION FOR EXCELLENCE IS ALSO REFLECTED IN THE RECORD NUMBER OF APPLICATIONS THE UNIVERSITY IS RECEIVING, AND OUR ADMIT RATE DECLINING. THE FIRST-YEAR CLASS OF 2028 IS THE MOST ACADEMICALLY ACCOMPLISHED IN THE JESUIT INSTITUTION'S RECENT HISTORY, WITH OVER 1,460 STUDENTS ADMITTED FROM A RECORD 18,505 APPLICANTS, UP FROM THE PREVIOUS RECORD-BREAKING NUMBER OF APPLICATIONS RECEIVED LAST YEAR. THIS CLASS MARKED THE MOST COMPETITIVE ADMISSION CYCLE IN THE UNIVERSITY'S HISTORY WITH A 33 PERCENT ACCEPTANCE RATE. THE CLASS OF 2028 HAS AN IMPRESSIVE AVERAGE GPA OF 3.96, WITH 128 MAGIS SCHOLARS IN THE HONORS PROGRAM. THE CLASS REPRESENTS 30 STATES, WASHINGTON, D.C., PUERTO RICO, AND 12 COUNTRIES, WITH A RECORD 25 PERCENT ADMITTED THROUGH EARLY DECISION. FAIRFIELD HAS CONTINUED TO ACHIEVE THIS GROWTH WHILE REMAINING TRUE TO ITS JESUIT MISSION TO EDUCATE AND FORM PERSONS OF INTEGRITY AND PURPOSE WHO WILL CONTINUE TO TRANSFORM OUR WORLD FOR THE BETTER. AS WE GROW, WE HAVE INVESTED IN OUR STUDENT'S EDUCATIONAL EXPERIENCE ENHANCING OUR LEARNING, LIVING AND RESEARCH SPACES, AND CREATING NEW AND INNOVATIVE FACILITIES TO ENSURE THAT A FAIRFIELD EDUCATION IS OF THE HIGHEST CONTEMPORARY STANDARDS. OVER THE PAST SEVERAL YEARS, FAIRFIELD UNIVERSITY HAS SEEN SIGNIFICANT GROWTH WITH NEW ACADEMIC AND ADMINISTRATIVE BUILDINGS, ATHLETICS FACILITIES, AND RESIDENCE HALLS. IN FALL 2024, AS PART OF ITS ONGOING EXPANSION EFFORTS FAIRFIELD CELEBRATED TWO SIGNIFICANT MILESTONES: THE GRAND OPENING OF FAIRFIELD POST, A NEW OFFICE BUILDING LOCATED IN DOWNTOWN FAIRFIELD, AND THE OFFICIAL UNVEILING OF AVERY DULLES, S.J. HALL ON CAMPUS, A 28,000-SQUARE-FOOT MODERN RESIDENCE THAT NEWLY HOUSES MORE THAN 100 SOPHOMORES. THE UNIVERSITY'S NEWEST FACILITY IN DOWNTOWN FAIRFIELD LOCATED AT 1720 POST ROAD, HOUSES STAFF FROM THE CENTER FOR SOCIAL IMPACT, CENTER FOR ARTS & MINDS, MARKETING & COMMUNICATIONS, AND ADVANCEMENT. IN 2024, FAIRFIELD BELLARMINE, THE UNIVERSITY'S TWO-YEAR ASSOCIATE'S DEGREE PROGRAM, CONTINUED TO EXPAND ITS IMPACT IN THE GREATER BRIDGEPORT REGION, WELCOMING 75 NEW STUDENTS INTO ITS SECOND COHORT (FB CLASS OF 2026). RECENTLY, FAIRFIELD BELLARMINE RECEIVED THE PAUL S. TIMPANELLI LEADERSHIP AWARD AT THE BRIDGEPORT REGIONAL BUSINESS COUNCIL'S ANNUAL GALA, RECOGNIZING ITS POSITIVE INFLUENCE ON THE EAST END NEIGHBORHOOD AND COMMITMENT TO INTERGENERATIONAL PROSPERITY. THE PROGRAM'S FOCUS ON STUDENT SUCCESS IS REFLECTED IN ITS HIGH RETENTION RATE FOR THE CLASS OF 2025, SUPPORTED BY SMALL CLASS SIZES, PERSONALIZED MENTORING, AND A STRONG COMMUNITY. THE UNIVERSITY CONTINUES TO BRING ITS EXCELLENT NURSING PROGRAMS TO AUSTIN, TEXAS, A REGION WHERE THERE IS A CRITICAL SHORTAGE OF NURSES. IN 2024, FIFTEEN NEW GRADUATE STUDENTS IN THE MARION PECKHAM EGAN SCHOOL OF NURSING & HEALTH STUDIES BEGAN THE RIGOROUS JOURNEY TOWARD A DOCTOR OF NURSING PRACTICE (DNP) DEGREE IN NURSE ANESTHESIA AT FAIRFIELD UNIVERSITY'S AUSTIN CAMPUS. THE PROGRAM EXPANSION WAS APPROVED EARLIER THIS YEAR BY THE COUNCIL ON ACCREDITATION OF NURSE ANESTHESIA EDUCATIONAL PROGRAMS AND IS THE ONLY ACCREDITED DNP NURSE ANESTHESIA CONCENTRATION IN CENTRAL TEXAS. THIS GROWTH REFLECTS FAIRFIELD UNIVERSITY'S BROADER IMPACT, AS IT CONTINUES TO CONTRIBUTE SIGNIFICANTLY TO BOTH LOCAL ECONOMIES AND THE COMMUNITIES IT SERVES. IN FACT, FAIRFIELD UNIVERSITY CONTRIBUTES NEARLY $1 BILLION ANNUALLY TO THE LOCAL ECONOMY, ACCORDING TO THE CONNECTICUT CONFERENCE OF INDEPENDENT COLLEGES (CCIC) 2023 ECONOMIC IMPACT STUDY. |
| Form 990, Part VI, Line 1a Delegate broad authority to a committee | THE BOARD OF TRUSTEES (THE BOARD) IS THE GOVERNING BODY FOR THE UNIVERSITY. THE BOARD IS COMPRISED OF 31 MEMBERS, ONE OF WHICH IS THE UNIVERSITY PRESIDENT. THE BOARD MEETS ON A QUARTERLY BASIS AND EACH MEMBER HAS EQUAL VOTING RIGHTS. THE BOARD IS COMPRISED OF 10 COMMITTEES, EACH LED BY A COMMITTEE CHAIR. THE CHAIR OF EACH COMMITTEE IS ALSO A MEMBER OF THE EXECUTIVE COMMITTEE WHICH ALSO INCLUDES THE CHAIR OF THE FULL BOARD AND THE PRESIDENT OF THE UNIVERSITY. MINUTES ARE MAINTAINED FOR ALL COMMITTEE MEETINGS AND SHARED WITH THE FULL BOARD. THE EXECUTIVE COMMITTEE SHALL HAVE AND MAY EXERCISE ALL OF THE AUTHORITY OF THE BOARD OF TRUSTEES TO CARRY ON THE ORDINARY BUSINESS OF THE CORPORATION BETWEEN MEETINGS OF THE BOARD OF TRUSTEES. |
| Form 990, Part VI, Line 11b Review of form 990 by governing body | THE FORM 990 IS REVIEWED AND APPROVED BY THE VICE PRESIDENT FOR FINANCE BEFORE IT IS FORWARDED TO THE FINANCE AND AUDIT COMMITTEE. IT IS THE POLICY OF FAIRFIELD UNIVERSITY THAT EACH VOTING MEMBER OF THE FINANCE AND AUDIT COMMITTEE OF THE BOARD OF TRUSTEES IS PRESENTED WITH A COPY OF THE COMPLETED IRS FORM 990 BEFORE IT IS FILED WITH THE IRS. FORM 990 IS ALSO POSTED TO THE UNIVERSITY'S BOARD OF TRUSTEE ONLINE PORTAL FOR ALL TRUSTEES TO REVIEW PRIOR TO FILING. |
| Form 990, Part VI, Line 12c Conflict of interest policy | MEMBERS OF THE BOARD OF TRUSTEES ARE ASKED TO SIGN A CONFLICT OF INTEREST STATEMENT. THE STATEMENT SHALL BE SIGNED ANNUALLY BY EACH BOARD MEMBER AS A CONDITION OF MEMBERSHIP ON THE BOARD OF TRUSTEES. EACH TRUSTEE IS EXPECTED TO DISCLOSE IN WRITING TO THE CHAIRMAN OF THE BOARD ALL SITUATIONS IN WHICH CONFLICTS MIGHT EXIST OR APPEAR TO EXIST. CONFLICT OF INTEREST STATEMENTS ARE COLLECTED AND REVIEWED BY THE UNIVERSITY SECRETARY. NO TRUSTEE HAVING INTERESTS CONFLICTING WITH THE INTERESTS OF THE UNIVERSITY, OR APPEARING SO, SHALL TAKE PART IN THE DELIBERATIONS OR VOTES OF THE BOARD INVOLVING THE QUESTION CONCERNING THE CONFLICT NOR SEEK TO INFLUENCE THE OTHER TRUSTEES ON THAT QUESTION. |
| Form 990, Part VI, Line 15a Process to establish compensation of top management official | THE REVIEW PROCESS INCLUDES ALL OF THESE ELEMENTS (1) REVIEW AND APPROVAL BY THE BOARD OF TRUSTEES--COMPENSATION IS REVIEWED AND APPROVED BY THE BOARD OF TRUSTEES OF FAIRFIELD UNIVERSITY EVERY TWO YEARS, PROVIDED THAT PERSONS WITH CONFLICTS OF INTEREST WITH RESPECT TO THE COMPENSATION ARRANGEMENT AT ISSUE ARE NOT INVOLVED IN THIS REVIEW AND APPROVAL. (2) USE OF DATA AS TO COMPARABLE COMPENSATION--THE COMPENSATION OF THE PERSON IS REVIEWED AND APPROVED USING DATA AS TO COMPARABLE COMPENSATION FOR SIMILARLY QUALIFIED PERSONS IN FUNCTIONALLY COMPARABLE POSITIONS AT SIMILARLY SITUATED UNIVERSITIES. THE FOLLOWING METHODS HAVE BEEN USED: A. REVIEW BY AN INDEPENDENT THIRD PARTY; B. CONDUCT MARKET ASSESSMENT OF SALARIES; AND C. EVALUATE THE APPROPRIATENESS OF THE CURRENT SALARY STRUCTURE TO ENSURE THAT WE ARE AND REMAIN COMPETITIVE WITH THE MARKET, AS WELL AS REMAIN INTERNALLY EQUITABLE. (3) CONTEMPORANEOUS DOCUMENTATION AND RECORDKEEPING--THERE IS CONTEMPORANEOUS DOCUMENTATION AND RECORD KEEPING WITH RESPECT TO THE DELIBERATIONS AND DECISIONS REGARDING THE COMPENSATION ARRANGEMENT. COMPENSATION ARRANGEMENT: THE LAST TIME OF REVIEW WAS FEBRUARY 2024. |
| Form 990, Part VI, Line 15b Process to establish compensation of other employees | Compensation of the President and Senior Management is reviewed and approved by the Compensation Committee of the Board of Trustee's every two years, provided that persons with conflict of interest with respect to the compensation arrangement at issue are not involved in this review and approval. See the narrative above (Part VI, Line 15a) for additional review procedures. |
| Form 990, Part VI, Line 19 Required documents available to the public | GOVERNING DOCUMENTS SUCH AS FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICY AND WHISTLEBLOWER POLICY ARE AVAILABLE ON THE UNIVERSITY'S WEBSITE AND ALSO BY REQUEST. |
| Form 990, Part XI, Line 9 Other changes in net assets or fund balances | CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS - -141356; |