2025-05-15T09:14:47-05:00 2024-06-30 333709623 COHNREZNICK ADVISORY LLC 350 CHURCH STREET 12TH FLOOR HARTFORD CT 06103 990 2023-07-01 061627882 GOODWIN UNIVERSITY INC GOOD 8607276906 ONE RIVERSIDE DRIVE EAST HARTFORD CT 06118 EDWIN MEYER JR CFO 8607276906 2025-05-15 1 1 LAURA KIELCZEWSKI P00740769 9592007000 2025-05-14 2023 2025-03-06 01:10:19Z MARK SCHEINBERG ONE RIVERSIDE DRIVE EAST HARTFORD CT 06118 70955350 0 X WWW.GOODWIN.EDU X 2001 CT SEE SCHEDULE O 26 26 731 26 -724749 0 7103303 8872436 56603162 55799796 -743767 -58316 2603150 1984730 65565848 66598646 10418426 10100990 0 0 32786817 32289607 0 0 467627 30458270 28190950 73663513 70581547 -8097665 -3982901 311730518 308457864 57839493 57922693 253891025 250535171 X THE MISSION OF GOODWIN UNIVERSITY IS TO EDUCATE A DIVERSE STUDENT POPULATION IN A DYNAMIC ENVIRONMENT THAT ALIGNS EDUCATION, COMMERCE AND COMMUNITY. OUR INNOVATIVE PROGRAMS OF STUDY PREPARE STUDENTS FOR PROFESSIONAL CAREERS WHILE PROMOTING LIFELONG LEARNING AND CIVIC RESPONSIBILITY. AS A NURTURING COLLEGE COMMUNITY WE CHALLENGE STUDENTS, FACULTY, STAFF AND ADMINISTRATION TO FULLY REALIZE THEIR HIGHEST ACADEMIC, PROFESSIONAL AND PERSONAL POTENTIAL. 0 0 45503557 10100990 58475926 GOODWIN UNIVERSITY IS AUTHORIZED TO CONFER MASTERS DEGREES, BACCALAUREATE DEGREES, ASSOCIATE DEGREES AND ONE AND TWO-YEAR CERTIFICATE PROGRAMS. TO THIS END, GOODWIN UNIVERSITY CREATES AN EDUCATIONAL ENVIRONMENT THAT BLENDS PROFESSIONAL PREPARATION WITH DEVELOPMENT OF CRITICAL THINKING SKILLS AND AN APPRECIATION OF THE HUMANITIES, ARTS AND SCIENCES; EDUCATES STUDENTS IN AN ENVIRONMENT THAT CELEBRATES DIVERSE CULTURES, AGES, EXPERIENCES AND OPINIONS; ENRICHES OUR LOCAL AND GLOBAL COMMUNITIES BY FORMING COLLABORATIVE RELATIONSHIPS THAT CREATE EDUCATIONAL, ECONOMIC AND CULTURAL BENEFITS; AND ASSISTS OUR GRADUATES WITH IDENTIFYING AND SECURING CAREER AND GROWTH OPPORTUNITIES. 45503557 1 1 0 1 0 0 0 1 0 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 1 0 0 0 0 0 1 1 1 0 0 0 1 150 0 1 731 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 26 26 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CT X EDWIN MEYER JR 8607276906 ONE RIVERSIDE DRIVE EAST HARTFORD CT 06118 FRANK AMODIO DIRECTOR 2.00 0.30 X 0 0 0 RON ANGELO DIRECTOR 2.00 0.30 X 0 0 0 MICHELE BUSH DIRECTOR 2.00 0.30 X 0 0 0 GREGORY BUTLER DIRECTOR 2.00 0.30 X 0 0 0 EDWARD CASARES DIRECTOR 2.00 0.30 X 0 0 0 MERILEE DEJOHN DIRECTOR 2.00 0.55 X 0 0 0 MARTIN D'ERAMO DIRECTOR 2.00 X 0 0 0 ANTHONY DIFATTA DIRECTOR 2.00 0.30 X 0 0 0 MARIA ELLIS OUTGOING CHAIR 2.00 X X 0 0 0 PHIL FOX OUTGOING DIRECTOR 2.00 X 0 0 0 ETHAN FOXMAN DIRECTOR 2.00 1.00 X 0 0 0 LARRY GOLDBERG DIRECTOR 2.00 0.30 X 0 0 0 MARY ANN HANLEY DIRECTOR 2.00 0.30 X 0 0 0 JEFFREY HOFFMAN DIRECTOR 2.00 0.30 X 0 0 0 LEE HOUSLEY DIRECTOR 2.00 0.80 X 0 0 0 JACKIE JACOBY DIRECTOR 2.00 1.05 X 0 0 0 ADAM JEAMEL OUTGOING TREASURER 2.00 0.70 X X 0 0 0 MOLLY LOUDEN DIRECTOR 2.00 0.60 X 0 0 0 JULIO MATURANA DIRECTOR 2.00 X 0 0 0 MEGAN MEHR DIRECTOR 2.00 0.50 X 0 0 0 JUDITH RESNICK DIRECTOR 2.00 0.60 X 0 0 0 SE-MIN SOHN VICE CHAIR 2.00 0.70 X X 0 0 0 ALVIN THOMPSON DIRECTOR 2.00 0.30 X 0 0 0 JOHN WALTERS DIRECTOR 2.00 0.30 X 0 0 0 WILFREDO NIEVES DIRECTOR 2.00 0.30 X 0 0 0 RICHARD SHECHTMAN DIRECTOR 2.00 0.60 X 0 0 0 MARK SCHEINBERG PRESIDENT 40.00 9.90 X 775303 0 24199 EDWIN MEYER JR CFO 40.00 10.00 X 274782 0 48378 BRYANT HARRELL VP OF FACILITIES & IT 50.00 X 244497 0 5455 TODD ANDREWS VP OF ECONOMIC AND STRATEGY 40.00 10.00 X 296258 0 7085 JEAN MCGILL-WHITE VP HUMAN RESOURCES 50.00 X 202629 0 40396 MELISSA QUINLAN VP OF INST EFFECTIVENESS 50.00 X 176470 0 9127 MICHAEL PARDALES PROVOST & DEAN OF FACULTY 50.00 X 215314 0 5473 DANIEL NOONAN VP ENROLLMENT SERVICES 50.00 X 291264 0 6443 2476517 0 146556 36 0 1 0 O R & L CONSTRUCTION CORP 2 SUMMIT PLACE BRANFORD CT 06405 CONSTRUCTION SERVICES 3937047 ELLUCIAN COMPANY LP 62578 COLLECTIONS CENTER DR CHICAGO IL 60693 IT/ SOFTWARE SOLUTIONS 1577333 SSC INC PO BOX 135 BRATTLEBORO VT 053020135 SECURITY SERVICES 1078277 SCIENCE INTERACTIVE GROUP LLC 86475 GENE LASSERRE BLVD YULEE FL 32097 INSTRUCTIONAL SUPPLIES 769846 GOOGLE INC PO BOX 39000 DEPT 33654 SAN FRANCISCO CA 94139 MARKETING/COMMUNICATIONS 695993 36 973139 6519990 1379307 8872436 TUITION & FEES 611600 55799796 55799796 55799796 759487 759487 2792451 3483851 -691400 -691400 -724749 33349 55050 872853 -817803 -817803 -817803 58298 0 58298 58298 MANAGEMENT FEE INCOME 900099 2379868 2379868 REBATES/LOYALTY REWARD 900099 85981 85981 151983 151983 2617832 66598646 58475926 -724749 -24967 10100990 10100990 1369562 102029 1267533 86824 86824 25088270 18104046 6553890 430334 1190726 157428 1033298 2411500 325171 2086329 2142725 1381022 730231 31472 157325 157325 179471 179471 42000 42000 1412624 291460 1121164 3627597 263858 3363739 411364 96392 314002 970 966201 710434 255767 365250 221262 142761 1227 566212 424659 141553 9699336 7274502 2424834 736595 736595 STUDENT EXPENSE 3073028 2853991 219037 BAD DEBT EXPENSE 2131852 11630 2120222 REPAIRS AND MAINTENANCE 1232070 930473 301597 EQUIPMENT EXPENSES 1195243 1057039 138204 2394782 1197171 1193987 3624 70581547 45503557 24610363 467627 5721722 6660020 14990735 14068278 8649229 4171069 2835141 5368731 1945765 764849 356723666 89156371 269954626 267567295 7633300 9857622 311730518 308457864 11006471 10830300 6026566 8179945 37012414 35163371 3794042 3749077 57839493 57922693 X 253794025 250268411 97000 266760 253891025 250535171 311730518 308457864 X -3982901 627047 X 0 1 X 1 1 1 X 10000600 13533853 10615147 7103303 8872436 50125339 10000600 13533853 10615147 7103303 8872436 50125339 50125339 698535 591653 618569 232257 759487 2900501 115706 41756034 3018593 3160351 2617832 50668516 103694356 291791000 0.48340 0.49460 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS - 2019 AMOUNT: $ 115,706. 2020 AMOUNT: $ 1,582,000. 2021 AMOUNT: $ 329,202. 2022 AMOUNT: $ 250,896. 2023 AMOUNT: $ 151,983. MANAGEMENT FEE INCOME - 2020 AMOUNT: $ 5,357,000. 2021 AMOUNT: $ 2,689,391. 2022 AMOUNT: $ 2,842,382. 2023 AMOUNT: $ 2,379,868. GAIN ON BARGAIN PURCHASE - 2020 AMOUNT: $ 34,817,034. REBATE/LOYALTY REWARD - 2022 AMOUNT: $ 67,073. 2023 AMOUNT: $ 85,981. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 1 42000 0 0 42000 0 PART II-B, LINE 1: REPRESENTATION ON LEGISLATIVE ISSUES AFFECTING PRIMARY, SECONDARY AND HIGHER EDUCATION. X 0 19648551 1114991 1913837 629074 22048305 12411323 7144352 1008188 915312 19648551 13821348 1001622 -1778771 632876 12411323 11565746 536393 2409943 690734 13821348 11269076 741878 234504 679712 11565746 0.59613 0.19785 0.20602 0 1 1 46576908 46576908 284214594 74299392 209915202 16919013 14022172 2896841 9013151 834807 8178344 267567295 OTHER LIABILITIES 3749077 3749077 X PART III, LINE 4: THE UNIVERSITY'S COLLECTIONS ARE DISPLAYED THROUGHOUT THE CAMPUS FOR THE CULTURAL ENRICHMENT OF THE STUDENT POPULATION. PART V, LINE 4: ENDOWMENT EARNINGS RESIDING IN GOODWIN FOUNDATION, INC. ARE PRIMARILY TO BE USED TO AWARD SCHOLARSHIPS TO FULL AND PART-TIME STUDENTS OF GOODWIN UNIVERSITY, INC. PART X, LINE 2: MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE ORGANIZATION AND HAS CONCLUDED THAT, AS OF JUNE 30, 2024 AND 2023, THERE ARE NO UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE CONSOLIDATED FINANCIAL STATEMENTS. THE ORGANIZATION'S FEDERAL AND STATE TAX FILINGS PRIOR TO FISCAL YEAR 2021 ARE CLOSED AND MANAGEMENT CONTINUALLY EVALUATES EXPIRING STATUTES OF LIMITATIONS, AUDITS, PROPOSED SETTLEMENTS, CHANGES IN TAX LAW AND NEW AUTHORITATIVE RULINGS. IF THE ORGANIZATION HAD UNRELATED BUSINESS INCOME TAXES, IT WOULD RECOGNIZE INTEREST AND PENALTIES ASSOCIATED WITH ANY TAX MATTERS AS PART OF THE INCOME TAX PROVISION AND INCLUDE ACCRUED INTEREST AND PENALTIES WITH THE RELATED TAX LIABILITY IN THE CONSOLIDATED STATEMENTS OF FINANCIAL POSITION. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE UNIVERSITY PUBLICIZES ITS RACIAL NONDISCRIMINATION POLICY ON ITS WEBSITE AND IN ITS STUDENT CATALOG. SCHEDULE E, PART I, LINE 6 THE UNIVERSITY PARTICIPATES IN THE FEDERAL STUDENT FINANCIAL AID PROGRAM; ACCORDINGLY THE UNIVERSITY RECEIVES VARIOUS FUNDS FROM THE DEPARTMENT OF EDUCATION, INCLUDING DIRECT LOAN, PELL, SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANTS (SEOG) AND FEDERAL WORK STUDY FUNDS IN PAYMENT OF STUDENT TUITION AND FEES. THE UNIVERSITY PERIODICALLY RECEIVES OTHER MISCELLANEOUS FEDERAL GRANT FUNDING BASED UPON ITS NEEDS AT THE TIME OF FUNDING. 1 FINANCIAL AID 2837 10100990 FMV INSTITUTIONAL AID APPLIED TO THE STUDENTS' ACCOUNTS FORM 990 SCHEDULE I SCHEDULE I, PART I, LINE 2: THE UNIVERSITY AWARDS SCHOLARSHIPS AND OTHER ASSISTANCE TO QUALIFIED INDIVIDUALS ON THE BASIS OF FINANCIAL NEED AND ACADEMIC ACHIEVEMENT. THE AWARDING OF FUNDS IS MONITORED BY THE UNIVERSITY'S FINANCIAL AID OFFICE, WHERE A COMPLETE LISTING OF RECIPIENTS IS ALSO MAINTAINED. X X 1 1 X X X X X 0 0 0 0 0 0 0 1 0 MARK SCHEINBERG PRESIDENT 634863 0 140000 0 440 0 8250 0 15949 0 799502 0 0 0 EDWIN MEYER JR CFO 254342 0 20000 0 440 0 6495 0 41883 0 323160 0 0 0 TODD ANDREWS VP OF ECONOMIC AND STRATEGY 275818 0 20000 0 440 0 6495 0 590 0 303343 0 0 0 DANIEL NOONAN VP ENROLLMENT SERVICES 260824 0 30000 0 440 0 6353 0 90 0 297707 0 0 0 BRYANT HARRELL VP OF FACILITIES & IT 224068 0 20000 0 429 0 5365 0 90 0 249952 0 0 0 JEAN MCGILL-WHITE VP HUMAN RESOURCES 182277 0 20000 0 352 0 4736 0 35660 0 243025 0 0 0 MICHAEL PARDALES PROVOST & DEAN OF FACULTY 199984 0 15000 0 330 0 5383 0 90 0 220787 0 0 0 MELISSA QUINLAN VP OF INST EFFECTIVENESS 156195 0 20000 0 275 0 4037 0 5090 0 185597 0 0 0 PART I, LINE 7 PERFORMANCE-BASED BONUSES WERE DETERMINED FOR AND PAID TO ALL LISTED INDIVIDUALS, OTHER THAN THE PRESIDENT OF THE UNIVERSITY, THROUGH RECOMMENDATIONS FROM THE EXECUTIVE VICE PRESIDENT & PROVOST AND THE VICE PRESIDENT OF HUMAN RESOURCES TO THE PRESIDENT OF THE UNIVERSITY. THE PRESIDENT'S PERFORMANCE-BASED BONUS WAS DETERMINED AND APPROVED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS. THE PRESIDENT DID NOT PARTICIPATE IN ITS DETERMINATION. BRYANT HARRELL JR SON OF KEY EMPLOYEE 86824 COMPENSATION 0 FORM 990, PART I, LINE 1, DESCRIPTION OF ORGANIZATION MISSION: GOODWIN UNIVERSITY SEEKS TO ADDRESS GAPS IN HIGHER EDUCATION OPPORTUNITY IN THE STATE OF CONNECTICUT BY CRAFTING PROGRAMS AND SERVICES TO ENABLE LOW-INCOME AND MINORITY STUDENTS TO EARN COLLEGE DEGREES AT A HIGHER RATE THAN IS GENERALLY ACHIEVED AT PUBLICLY-FUNDED INSTITUTIONS BUT AT A LOWER FINANCIAL COST THAN OTHER PRIVATE COLLEGES. OVER HALF OF GOODWIN'S GRADUATES WERE THE FIRST IN THEIR FAMILIES TO ATTEND AND COMPLETE COLLEGE. GOODWIN UNIVERSITY'S ACADEMIC PROGRAMS, WHICH INCLUDE FOUR MASTER'S DEGREE PROGRAMS, NINE BACCALAUREATE PROGRAMS AND A RANGE OF ASSOCIATE DEGREES AND CERTIFICATES, ALL TIED TO WORKFORCE NEEDS, HELPING TO ENSURE THE EMPLOYABILITY OF GRADUATES. MANY OF GOODWIN UNIVERSITY'S STUDENTS THRIVE IN A SUPPORTIVE ACADEMIC ENVIRONMENT, BUT REQUIRE INDIVIDUALIZED SUPPORT SERVICES TO OVERCOME OBSTACLES TO EDUCATIONAL COMPLETION. TO SERVE THIS POPULATION, GOODWIN PROVIDES ONE-ON-ONE ADVISING, CASE-MANAGEMENT, AND COUNSELING SERVICES, AS WELL AS TUTORING AND PEER-MENTORING. ONE SUCH PROGRAM, THE GOODWIN ACHIEVEMENT PROGRAM (GAP), OFFERS FOUNDATIONAL CLASSES AT NO CHARGE TO STUDENTS WHOSE READING AND MATH SKILLS FALL BELOW COLLEGE-LEVEL PROFICIENCY. THE UNIVERSITY ALSO SUPPORTS INITIATIVES TARGETED AT CLOSING THE EDUCATIONAL ACHIEVEMENT GAP, INCLUDING THE MEN OF VISION IN EDUCATION (MOVE) AND WOMEN INVESTED IN SEEKING EDUCATION (WISE), WHICH PROVIDE FINANCIAL AID, CASE MANAGEMENT, AND MENTORSHIP FOR YOUNG MEN AND WOMEN FROM MINORITY BACKGROUNDS, AND SUMMER BRIDGE, A COLLEGE READINESS PROGRAM FOR URBAN HIGH SCHOOL GRADUATES. GOODWIN UNIVERSITY PROMOTES TEACHING EXCELLENCE AMONG ITS FACULTY BY PROMOTING PROFESSIONAL DEVELOPMENT AND ASSESSMENT. GOODWIN FACULTY ARE SUPPORTED IN THEIR INDIVIDUAL RESEARCH ENDEAVORS, WHERE AN EMPHASIS IS PLACED ON THOSE ACTIVITIES WHICH BEST TRANSLATE TO STUDENT SUCCESS INSIDE AND OUTSIDE THE CLASSROOM. TO HELP PROMOTE A CULTURE OF TEACHING EXCELLENCE, GOODWIN PROVIDES A GRANT PROGRAM TO INSPIRE INNOVATION AND IMPROVEMENT IN PROGRAM DEVELOPMENT. FORM 990, PART VI, SECTION A, LINE 2 MARK SCHEINBERG AND EDWIN MEYER SHARE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PRESENTED TO THE BOARD OF DIRECTORS FOR REVIEW AND APPROVAL. THE APPROPRIATE OFFICER OF THE UNIVERSITY IS THEN INFORMED OF THE APPROVAL FOR FILING AND THE RETURN IS SUBMITTED TO THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C A COMPLIANCE REVIEW IS CONDUCTED ANNUALLY ON THE CONFLICT OF INTEREST POLICY. THE BOARD OF DIRECTORS REVIEWS ALL POLICIES ANNUALLY WITH THE ASSISTANCE OF STAFF AND THE BOARD LIAISON. FORM 990, PART VI, SECTION B, LINE 15 THE REVIEW OF TOP MANAGEMENT AND KEY EMPLOYEES SALARIES ARE REVIEWED BY AN INDEPENDENT COMPENSATION COMMITTEE WHO COMPARES THEIR SALARIES TO TOP MANAGEMENT AND KEY EMPLOYEE'S SALARIES OF OTHER COLLEGES. THE BOARD APPROVES THE SALARIES ONCE THE COMPENSATION COMMITTEE REVIEWS THEM. FORM 990, PART VI, SECTION C, LINE 19 THE FORM 990, FINANCIAL STATEMENTS AND GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: LOSS FROM SUBSIDIARIES 627,047. CAMPUS REALTY LLC 1 RIVERSIDE DRIVE EAST HARTORD CT 06118 208782395 RESIDENTIAL REAL ESTATE RENTALS CT 1402068 11361198 GOODWIN UNIVERSITY INC GOODWIN COLLEGE KING COURT LLC 1 RIVERSIDE DRIVE EAST HARTORD CT 06118 RESIDENTIAL REAL ESTATE RENTALS CT 610603 5911600 GOODWIN UNIVERSITY INC GOODWIN COLLEGE 417 MAIN LLC 1 RIVERSIDE DRIVE EAST HARTFORD CT 06118 RESIDENTIAL REAL ESTATE RENTALS CT 0 0 GOODWIN UNIVERSITY INC MAIN AND ENSIGN DEVELOPMENT LLC 1 RIVERSIDE DRIVE EAST HARTFORD CT 06118 RESIDENTIAL REAL ESTATE RENTALS CT 209844 10824562 GOODWIN UNIVERSITY INC CONNECTICUT TRAINING CENTER INC 1137 MAIN STREET EAST HARTFORD CT 06108 223235660 EDUCATION CT 501(C)(3) LINE 2 GOODWIN UNIVERSITY INC 1 GREAT RIVER LAND TRUST INC 1 RIVERSIDE DRIVE EAST HARTFORD CT 06118 454128786 LAND PRESERVATION CT 501(C)(3) LINE 7 GOODWIN UNIVERSITY INC 1 GOODWIN FOUNDATION INC ONE RIVERSIDE DRIVE EAST HARTFORD CT 06118 061599388 FUNDRAISING CT 501(C)(3) LINE 10 GOODWIN UNIVERSITY INC 1 GOODWIN UNIVERSITY MAGNET SCHOOLS INC ONE RIVERSIDE DRIVE EAST HARTFORD CT 06118 810703802 EDUCATION CT 501(C)(3) LINE 2 GOODWIN UNIVERSITY INC 1 GOODWIN UNIVERSITY EDUCATION SERVICES INC ONE RIVERSIDE DRIVE EAST HARTFORD CT 06118 810703551 SUPPORT FOR GOODWIN UNIVERSITY MAGNET SCHOOLS CT 501(C)(3) LINE 12A, I GOODWIN UNIVERSITY INC 1 THE UNIVERSITY OF BRIDGEPORT INC ONE RIVERSIDE DRIVE EAST HARTFORD CT 06118 861274088 EDUCATION CT 501(C)(3) LINE 2 GOODWIN UNIVERSITY INC 0 RIVER CAMPUS INC 1 RIVERSIDE DRIVE EAST HARTFORD CT 06118 202503170 REAL ESTATE HOLDINGS CT GOODWIN UNIVERSITY INC C 1664359 1.00000 1 0 0 1 0 0 0 0 0 0 0 1 0 1 1 1 0 0 0 0