2025-05-15T22:42:57-05:00 2024-06-30 331374517 PKF O'CONNOR DAVIES ADVISORY LLC 500 MAMARONECK AVENUE SUITE 301 HARRISON NY 105281633 990 2023-07-01 221500484 CENTENARY UNIVERSITY CENT 9088521400 400 JEFFERSON STREET HACKETTSTOWN NJ 07840 DR DALE CALDWELL PRESIDENT 9088521400 2025-05-15 1 1 GARRETT M HIGGINS P00543209 9143818900 2025-05-15 2023 2025-03-06 01:10:19Z DR DALE CALDWELL 400 JEFFERSON STREET HACKETTSTOWN NJ 07840 71109634 0 X WWW.CENTENARYUNIVERSITY.EDU X 1867 NJ CENTENARY UNIVERSITY DELIVERS ACCREDITED DEGREE PROGRAMS AND COMPREHENSIVE LEARNING EXPERIENCES TO PREPARE STUDENTS FOR REGIONAL AND GLOBAL PROFESSIONS OF CRITICAL THOUGHT AND PURPOSEFUL ACTION WITHIN A SUPPORTIVE ENVIRONMENT IMMERSED IN A CULTURE OF SERVICE.SIGNIFICANT ACTIVITIES FOR THE YEAR INCLUDED EXPLORING NEW PROGRAMMATIC AND REVENUE GENERATING OPPORTUNITIES FOR THE UNIVERSITY. CENTENARY LAUNCHED ITS MASTER OF ARTS IN HAPPINESS STUDIES IN FALL 2022, DEVELOPED AN RN TO BSN PROGRAM SCHEDULED TO LAUNCH IN FALL 2023, ESTABLISHED A RELATIONSHIP WITH A LOCAL COMMUNITY COLLEGE TO HOUSE THEIR STUDENTS ON THE CENTENARY CAMPUS AND EXPLORING/DEVELOPING ACADEMIC PROGRAMMING FOR MIDDLE AND HIGH SCHOOL STUDENTS DURING THE SUMMER. 24 24 640 175 0 0 2792439 3434909 47690815 49048488 747342 114222 651386 702532 51881982 53300151 19829295 19324813 0 0 15252564 16157189 0 0 623825 21449406 18601097 56531265 54083099 -4649283 -782948 28189563 25076601 41169203 39704880 -12979640 -14628279 CENTENARY UNIVERSITY DELIVERS ACCREDITED DEGREE PROGRAMS AND COMPREHENSIVE LEARNING EXPERIENCES TO PREPARE STUDENTS FOR REGIONAL AND GLOBAL PROFESSIONS OF CRITICAL THOUGHT AND PURPOSEFUL ACTION WITHIN A SUPPORTIVE ENVIRONMENT IMMERSED IN A CULTURE OF SERVICE. 0 0 40547269 19324813 41373004 INSTRUCTIONAL: CENTENARY UNIVERSITY IS A COMMUNITY OF LEARNERS DISTINGUISHED BY A DIVERSE STUDENT BODY, A DEDICATED FACULTY AND STAFF AND STIMULATING EDUCATION OPPORTUNITIES. THE UNIVERSITY IS COMMITTED TO QUALITY LIBERAL ARTS AND CAREER STUDIES EDUCATION TO ENGAGE STUDENTS IN LEARNING AND PREPARE THEM FOR A SATISFYING CAREER, SUCCESSFUL LIVES, COMMUNITY SERVICE AND LIFELONG INTELLECTUAL PURSUITS. AS THE PRIMARY EDUCATIONAL AND CULTURAL RESOURCE OF NORTHWEST NEW JERSEY, CENTENARY OFFERS A RANGE OF UNDERGRADUATE, GRADUATE AND DOCTORATE PROGRAMS, AS WELL AS NON-DEGREE COURSES FOR PROFESSIONAL AND PERSONAL DEVELOPMENT. 8521145 7675484 AUXILIARY SERVICES AT CENTENARY UNIVERSITY ARE ORGANIZED TO SUPPORT STUDENT ACTIVITIES AND PROVIDE STUDENT HOUSING AND OTHER FACILITIES AND SERVICES FOR THE BENEFIT OF CENTENARY UNIVERSITY STUDENTS. UNIVERSITY DORMITORIES CONSIST OF 8 RESIDENCE HALLS AND PROVIDE LIVING QUARTERS FOR APPROXIMATELY 756 STUDENTS. AUXILIARY SERVICES ALSO PROVIDE RECREATIONAL FACILITIES, IN-PERSON AND REMOTE EVENTS, WELLNESS AND DINING SERVICES, PARKING, AND OTHER STUDENT SERVICES. 49068414 1 1 0 0 0 0 0 0 1 1 1 0 0 0 1 1 0 1 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 0 0 1 119 0 640 1 0 0 0 0 0 0 0 0 0 0 0 0 X 24 24 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 0 0 NJ NY FL MD X DENTON L STARGEL VP BUSINESS & FINANCECFO 9088521400 400 JEFFERSON STREET HACKETTSTOWN NJ 07840 JOHN JOHNSON CHAIR 3.00 0.00 X X 0 0 0 ROCHELLE MAKELA-GOODMAN CHAIR, THRU 3.00 0.00 X X 0 0 0 MICHAEL T CATAPANO 1ST VICE CHAIR 3.00 1.00 X X 0 0 0 CATHLEEN COMPOLI 2ND VICE CHAIR 3.00 0.00 X X 0 0 0 DAVID D DALLAS 3RD VICE CHAIR 3.00 0.00 X X 0 0 0 DAVID JOHNSON TREASURER 3.00 1.00 X X 0 0 0 DREW WINTEMBERG SECRETARY 3.00 0.00 X X 0 0 0 AUDREY BONAPARTE-WATTS SECRETARY, THRU 3.00 0.00 X X 0 0 0 CAROL VALENTINE ALLEN TRUSTEE 3.00 0.00 X 0 0 0 LESTER ARON TRUSTEE 3.00 0.00 X 0 0 0 MARK AVONDOGLIO TRUSTEE 3.00 0.00 X 0 0 0 DENISE BLASEVICK TRUSTEE, THRU 3.00 0.00 X 0 0 0 RON GARRIQUES TRUSTEE 3.00 0.00 X 0 0 0 JOYCE HANSEN TRUSTEE 3.00 0.00 X 0 0 0 GIOVANNA KANU TRUSTEE 3.00 0.00 X 0 0 0 DR PHIL LINFANTE TRUSTEE 3.00 0.00 X 0 0 0 DR DENISE LITTLETON TRUSTEE 3.00 0.00 X 0 0 0 FRED MANGIONE TRUSTEE 3.00 0.00 X 0 0 0 MURIEL F MILLMAN TRUSTEE 3.00 0.00 X 0 0 0 A LYNN MORAN TRUSTEE, THRU 3.00 0.00 X 0 0 0 NANCY J PAFFENDORF TRUSTEE 3.00 0.00 X 0 0 0 DARLENE PANZITTA TRUSTEE, THRU 3.00 0.00 X 0 0 0 ESTHER POULSEN TRUSTEE 3.00 0.00 X 0 0 0 SUNITA PRADHAN TRUSTEE 3.00 0.00 X 0 0 0 ANGELA RODRIGUEZ-MOORE TRUSTEE 3.00 0.00 X 0 0 0 DR WENDY ROSS TRUSTEE 3.00 0.00 X 0 0 0 BISHOP JOHN R SCHOL TRUSTEE 3.00 0.00 X 0 0 0 ALDEN SIEGEL TRUSTEE, THRU 3.00 0.00 X 0 0 0 TIMOTHY SMITH TRUSTEE 3.00 0.00 X 0 0 0 VICKI SYLVAIN TRUSTEE 3.00 0.00 X 0 0 0 ROBERT M WEINSTEIN PHD TRUSTEE 3.00 0.00 X 0 0 0 DR EDWARD YAW TRUSTEE, THRU 3.00 0.00 X 0 0 0 JILL ZINCKGRAF TRUSTEE, THRU 3.00 0.00 X 0 0 0 DR DALE CALDWELL PRESIDENT 35.00 1.00 X 151359 0 60787 DENTON STARGEL VP BUSINESS & FINANCE/CFO 35.00 1.00 X 196561 0 14032 ROBERT MILLER VP ENROLLMENT MANAGMENT 35.00 0.00 X 142176 0 11844 KERRY MULLINS-MONTANE VP STUDENT LIFE/DEAN OF STUDENTS 35.00 0.00 X 145613 0 55761 VINCENT BILELLO CONTROLLER 35.00 0.00 X 103437 0 60 LISA PLANTAMURA DEAN FOR INNOVATION & INSTRUCTIONAL DESIGN 35.00 0.00 X 101850 0 11891 BRUCE MURPHY FORMER PRESIDENT 0.00 0.00 X 178694 0 927 1019690 0 155302 7 1 1 0 SODEXO INC & AFFILIATES 9801 WASHINGTONIAN BOULEVARD GAITHERSBURG MD 20878 FOOD SERVICES 1993251 ELLUCIAN COMPANY LP 62578 COLLECTIONS CENTER DRIVE CHICAGO IL 606930625 INFORMATION TECHNOLOGY SERVICES 1730877 NATIONAL MANAGEMENT RESOURCES 113 CORPORATE PARK E DRIVE LAGRANGE GA 30241 MAINTENANCE SERVICES 1592442 HAPPINESS STUDIES ACADEMY LLC 44 ADAMS DRIVE CRESSKILL NJ 07626 EDUCATION SERVICES 845530 EAB GLOBAL INC 2445 M STREET NW WASHINGTON DC 20037 RECRUITMENT SERVICES 593932 15 1162099 2272810 749915 3434909 TUITION 611600 41373004 41373004 ROOM AND BOARD 611600 7167440 7167440 AUXILIARY INCOME 611600 508044 508044 49048488 59702 59702 360875 148047 212828 212828 212828 17715956 17661436 54520 54520 54520 OTHER REVENUE 900099 375495 375495 INSURANCE PROCEEDS 900099 114209 114209 489704 53300151 49048488 0 816754 19324813 19324813 511000 132650 271250 107100 12894277 11295722 1344141 254414 24360 21900 2160 300 1335650 1022938 273345 39367 1391902 822313 543595 25994 37440 37440 119250 119250 5435 5435 2758196 2245585 458111 54500 1127345 1114172 7420 5753 948342 715476 186948 45918 2047483 1538180 461243 48060 6087 6087 4371035 4271427 99608 257989 248646 9268 75 2433 2433 450434 428812 21622 1424112 1355755 68357 122500 122500 FOOD SERVICE 2284558 2241266 9366 33926 MISCELLANEOUS EXPENSES 869487 604084 257299 8104 EQUINE CENTER EXPENSES 719882 719882 REPAIRS & MAINTENANCE 331332 297414 33918 717757 536359 181084 314 54083099 49068414 4390860 623825 286221 413941 1066558 3082387 414460 384401 994758 1273177 281084 76609 21054230 16043229 8269604 5011001 16030550 14749862 846328 85223 28189563 25076601 5226298 4409194 1124316 963370 14995 14224 109518 123092 3568265 4000000 1647382 61216 29478429 30133784 41169203 39704880 X -24727781 -28831729 11748141 14203450 -12979640 -14628279 28189563 25076601 X -782948 1362234 -2227925 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 15536589 1049538 1441351 2107482 15919996 14414284 83291 1502440 463426 15536589 16336960 413242 -1917644 418274 14414284 10722847 2856966 3212684 455537 16336960 9338560 1465944 375831 457488 10722847 0.29916 0.44023 0.26062 0 0 3037534 738948 2298586 9010673 8249431 761242 9006023 7054850 1951173 5011001 DUE TO CENTENARY EQUESTRIAN FOUNDATION 29881604 CHARITABLE GIFT ANNUITY LIABILITY 252180 30133784 X 33257694 1362234 148047 1510281 31747413 21552738 21552738 53300151 37630168 3181415 3181415 34448753 19634346 19634346 54083099 PART IV, LINE 2B: AN AGENCY ACCOUNT IS USED TO ACCOUNT FOR RESOURCES HELD BY THE UNIVERSITY, AS CUSTODIAN OR FISCAL AGENT, FOR A STUDENT, FACULTY OR STAFF ORGANIZATION. THE MOST COMMON TYPE OF AGENCY ACCOUNT IS A DEPOSITORY ACCOUNT WHERE A STUDENT WILL LEAVE ON DEPOSIT OF A CERTAIN SUM OF MONEY THAT WILL BE RETURNED IF THERE IS NO DAMAGE TO HIS OR HER ROOM. ANOTHER COMMON TYPE OF ACCOUNT IS A STUDENT ORGANIZATION ACCOUNT FOR WHICH THE UNIVERSITY PROCESSES DEPOSITS AND AUTHORIZED EXPENDITURES. PART V, LINE 4: THE UNIVERSITY'S ENDOWMENT FUNDS ARE COMPRISED OF BOARD RESTRICTED AND DONOR RESTRICTED FUNDS AND ARE HELD TO SUPPORT THE EDUCATIONAL AND OPERATING PROGRAMS OF THE UNIVERSITY. BOARD RESTRICTED FUNDS ARE INTENDED FOR FUNDING NECESSARY FOR FUTURE COSTS OF THE UNIVERSITY. DONOR RESTRICTED FUNDS ARE INTENDED TO LEAVE THE PRINCIPAL UNTOUCHED, AND ARE USED FOR PURPOSES AS RESTRICTED BY DONORS AND CONSISTENT WITH THE UNIVERSITY'S TAX-EXEMPT STATUS. EARNINGS FROM BOTH FUNDS ARE USED FOR UNIVERSITY OPERATING EXPENSES, INCLUDING INSTRUCTIONAL, ACADEMIC SUPPORT, STUDENT AID, AND OTHER INSTITUTIONAL EXPENSES THAT MAY ARISE. PART X, LINE 2: CENTENARY UNIVERSITY AND THE FOUNDATION ACCOUNT FOR UNCERTAINTIES IN INCOME TAXES IN ACCORDANCE WITH AUTHORITATIVE GUIDANCE, WHICH PRESCRIBES A RECOGNITION THRESHOLD OF MORE-LIKELY-THAN-NOT TO BE SUSTAINED UPON EXAMINATION BY THE APPROPRIATE TAXING AUTHORITY. MEASUREMENT OF THE TAX UNCERTAINTY OCCURS IF THE RECOGNITION THRESHOLD HAS BEEN MET. MANAGEMENT DETERMINED THERE WERE NO TAX UNCERTAINTIES THAT MET THE RECOGNITION THRESHOLD AT JUNE 30, 2024 AND 2023. THE UNIVERSITY IS NO LONGER SUBJECT TO EXAMINATIONS BY THE APPLICABLE TAXING JURISDICTIONS FOR PERIODS PRIOR TO 2021. PART XI, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES REPORTED ON PART VIII, LINE 6B 148,047. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID NETTED AGAINST TUITION 19,324,813. LOSS ON DISPOSAL OF PROPERTY AND EQUIPMENT 2,227,925. PART XII, LINE 2D - OTHER ADJUSTMENTS: EXPENSES IN CONSOLIDATED FINANCIALS ATTRIBUTABLE TO CENTENARY EQUESTRIAN FDN 3,033,368. RENTAL EXPENSES REPORTED ON PART VIII, LINE 6B 148,047. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID NETTED AGAINST TUITION 19,324,813. RENTAL EXPENSES ATTRIBUTABLE TO CENTENARY EQUESTRIAN FDN 309,533. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE SCHOOL PUBLICIZES ITS RACIALLY NONDISCRIMINATORY STATEMENT ON ITS WEBSITE HOMEPAGE. SCHEDULE E, PART I, LINE 6 CENTENARY UNIVERSITY RECEIVES FINANCIAL AID FROM VARIOUS GOVERNMENTAL SOURCES INCLUDING FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANTS, AND U.S. DEPARTMENT OF JUSTICE. 1 INSTITUTIONAL FINANCIAL AID/TUITION DISCOUNTS 19324813 PART I, LINE 2: THE INSTITUTION MONITORS, PROCESSES, RECONCILES, AND ADMINISTERS ITS AID PROGRAMS THROUGH A SHARED APPROACH. PROGRAM ADMINISTRATION IS THE MAIN RESPONSIBILITY OF THE UNIVERSITY'S FINANCIAL AID OFFICE; THE UNIVERSITY'S CONTROLLER'S OFFICE HANDLES THE FISCAL DUTIES, WHICH INCLUDE REQUESTING CASH DRAWS FROM THE DEPARTMENT OF EDUCATION GRANT MANAGEMENT SYSTEM, TRACKING FEDERAL AUTHORIZATIONS, DETERMINING MATCHING REQUIREMENTS, AND PERFORMING RECONCILIATIONS. THE STUDENT BILLING OFFICE APPLIES PAYMENTS TO STUDENTS' ACCOUNTS. THIS SHARED APPROACH ALLOWS FOR SEGREGATION OF DUTIES BETWEEN THE DETERMINATION OF AWARDS AND PROCESSING PAYMENTS AND ALLOWS THE UNIVERSITY TO VERIFY THAT THE FUNDS ARE BEING USED FOR THEIR INTENDED PURPOSE. X X 1 0 X X X X 0 0 0 0 0 0 0 1 0 DR DALE CALDWELL PRESIDENT 146859 0 0 0 4500 0 0 0 60787 0 212146 0 0 0 DENTON STARGEL VP BUSINESS & FINANCE/CFO 188511 0 5000 0 3050 0 0 0 14032 0 210593 0 0 0 KERRY MULLINS-MONTANE VP STUDENT LIFE/DEAN OF STUDENTS 145613 0 0 0 0 0 0 0 55761 0 201374 0 0 0 BRUCE MURPHY FORMER PRESIDENT 175694 0 0 0 3000 0 0 0 927 0 179621 0 0 0 ROBERT MILLER VP ENROLLMENT MANAGMENT 142176 0 0 0 0 0 0 0 11844 0 154020 0 0 0 PART I, LINE 1A DR. DALE CALDWELL, PRESIDENT AND KERRY MULLINS-MONTANE, VICE PRESIDENT OF STUDENT LIFE AND DEAN OF STUDENTS, EACH RECEIVED A RESIDENCE ON UNIVERSITY PREMISES FOR THEIR USE, AS A CONDITION OF THEIR EMPLOYMENT AND AS INCLUDED IN THEIR CONTRACTS. THIS BENEFIT WAS TREATED AS NONTAXABLE AS IT MET THE CONDITIONS OF SECTION 119 OF THE INTERNAL REVENUE CODE. BRUCE MURPHY, PRESIDENT RECEIVES HOUSEKEEPING SERVICES AT HIS RESIDENCE WHICH IS TREATED AS NONTAXABLE WORKING CONDITION FRINGE BENEFITS UNDER SECTION 132 OF THE INTERNAL REVENUE CODE. PART I, LINE 7 BRUCE MURPHY, PRESIDENT, RECEIVED A BONUS IN CALENDAR YEAR 2022, AS REPORTED IN PART II, COLUMN B(II). X 3 363704 AVG. SELLING PRICE X HORSES 5 386211 APPRAISAL 0 0 1 0 PART I, COLUMN (B): THE ORGANIZATION IS REPORTING THE AMOUNT OF CONTRIBUTORS IN PART I, COLUMN B. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION HAS ITS FORM 990 PREPARED BY AN OUTSIDE ACCOUNTING FIRM. IT IS REVIEWED BY MANAGEMENT, THEN PRESENTED TO THE AUDIT COMMITTEE FOR APPROVAL. A COMPLETE COPY OF THE FORM 990 IS PROVIDED TO ALL BOARD MEMBERS FOR THEIR REVIEW AFTER FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C EACH OFFICER, DIRECTOR, TRUSTEE AND KEY EMPLOYEE IS REQUIRED UPON HIRE, AND ANNUALLY, TO COMPLETE A "CONFLICT OF INTEREST QUESTIONNAIRE". IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST, AN INTERESTED PERSON MUST DISCLOSE THE EXISTENCE OF THE FINANCIAL INTEREST AND BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE TRUSTEES AND MEMBER OF COMMITTEES WITH GOVERNING BOARD DELEGATED POWERS CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT. AFTER DISCLOSURE OF THE FINANCIAL INTEREST AND ALL MATERIAL FACTS, AND AFTER ANY DISCUSSION WITH THE INTERESTED PERSON, HE/SHE SHALL LEAVE THE GOVERNING BOARD OR COMMITTEE MEETING WHILE THE DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON. THE REMAINING BOARD OR COMMITTEE MEMBERS SHALL DECIDE IF A CONFLICT OF INTEREST EXISTES. IF, AFTER HEARING THE MEMBER'S RESPONSE AND AFTER MAKING FUTHER INVESTIGATION AS WARRANTED BY THE CIRCUMSTANCES, THE GOVERNING BOARD OR COMMITTEE DETERMINES THE MEMBER HAS FAILED TO DISCLOSE AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST, IT SHALL TAKE APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTION. FORM 990, PART VI, SECTION B, LINE 15A THE UNIVERSITY FOLLOWS A PROCESS TO ENSURE THAT EXECUTIVE AND TOP MANAGEMENT COMPENSATION IS REASONABLE. COMPENSATION IS COMPARED TO INDUSTRY STANDARDS, BY POSITION AND FISCAL AND MANAGERIAL RESPONSIBILITIES. PROPOSED COMPENSATION IS PRESENTED TO THE BOARD OF TRUSTEES' PERSONNEL COMMITTEE FOR APPROVAL AND RECOMMENDATION TO THE BOARD OF TRUSTEES FOR FINAL APPROVAL. THE APPROVAL IS DOCUMENTED IN THE MINUTES. MEMBERS OF THE BOARD'S PERSONNEL COMMITTEE ARE INDEPENDENT PERSONS WHO HAVE NO PERSONAL INTEREST IN THE PROPOSED COMPENSATION ARRANGEMENT. FORM 990, PART VI, SECTION C, LINE 19 THE UNIVERSITY'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, FORM 990, AND AUDITED FINANCIAL STATEMENTS ARE AVAILABLE FOR PUBLIC REVIEW, UPON REQUEST TO: VICE PRESIDENT FOR BUSINESS AND FINANCE/CFO. FORM 990, PART XI, LINE 9: LOSS ON DISPOSAL OF PROPERTY AND EQUIPMENT -2,227,925. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS AN AUDIT COMMITTEE RESPONSIBLE FOR THE SELECTION OF AN INDEPENDENT ACCOUNTANT AND THE OVERSIGHT OF THE ORGANIZATION'S FINANCIAL STATEMENTS. THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. CENTENARY EQUESTRIAN FOUNDATION LLC 400 JEFFERSON STREET HACKETTSTOWN NJ 07840 475219553 UNIVERSITY REAL ESTATE NJ 501(C)(3) LINE 12A, I CENTENARY UNIVERSITY 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 1 1 0 CENTENARY EQUESTRIAN FOUNDATION K 309533 ACTUAL CENTENARY EQUESTRIAN FOUNDATION Q 668653 ACTUAL