2025-05-14T15:34:12-05:00 2024-06-30 420714325 RSM US LLP 4 TIMES SQUARE NEW YORK NY 10036 990 2023-07-01 060646829 UNIVERSITY OF SAINT JOSEPH UNIV 8602315220 1678 ASYLUM AVENUE WEST HARTFORD CT 061172764 JAMES F WHITE VP FIN & ADMIN 8602315220 2025-05-14 1 0 KAREN LO P01434915 2123721000 2025-05-14 2023 2025-03-06 01:10:19Z RHONA C FREE 1678 ASYLUM AVENUE WEST HARTFORD CT 061172764 131598615 0 0928 X WWW.USJ.EDU X 1925 CT THE UNIVERSITY PROVIDES A RIGOROUS LIBERAL ARTS & PROFESSIONAL EDUCATION FOR A DIVERSE STUDENT POPULATION IN AN INCLUSIVE ENVIRONMENT THAT ENCOURAGES STRONG ETHICAL VALUES, PERSONAL INTEGRITY, AND A SENSE OF RESPONSIBILITY TO THE NEEDS OF SOCIETY. 34 33 1267 63 74134 0 6144139 8937175 81230474 84984187 -1472851 3181468 615677 966805 86517439 98069635 18550821 22028959 0 0 45973433 47729204 0 0 1206937 21905616 18516521 86429870 88274684 87569 9794951 142402156 152735973 57761727 53557616 84640429 99178357 X THE UNIVERSITY PROVIDES A RIGOROUS LIBERAL ARTS AND PROFESSIONAL EDUCATION FOR A DIVERSE STUDENT POPULATION. (SEE SCHEDULE O FOR THE ORGANIZATION'S MISSION.) 0 0 55908982 22028959 65298517 COLLEGE AND MASTERS/DOCTORAL PROGRAMS:SEE SCHEDULE O FOR PROGRAM DESCRIPTION.COLLEGE AND MASTERS/DOCTORAL PROGRAMS:STUDENTS SELECT FROM AN ARRAY OF DYNAMIC MAJORS AND MINORS, DUAL MAJORS, AND CONCENTRATIONS, AND THEN PROCEED TO REALIZING THEIR AMBITIONS. EXPERIENTIAL LEARNING IS INCORPORATED ACROSS THE CURRICULUM AND FACULTY PREPARE STUDENTS FOR MEANINGFUL PROFESSIONAL CAREERS. SEAMLESS DEGREE PROGRAMS SAVE TIME AND MONEY, AND BUILD THE FOUNDATION FOR A GREAT CAREER AS MANY DEGREE PROGRAMS LEAD TO PROFESSIONAL LICENSES. AMIDST TEXTBOOKS AND LECTURES, STUDENTS COMPLETE INTERNSHIPS, CLINICAL ROTATIONS, AND PRE-PROFESSIONAL EXPERIENCES EFFECTIVELY APPLYING COURSE MATERIAL TO EVERYDAY SITUATIONS AND GAINING EXPERIENCE THAT WILL HELP THEM RISE ABOVE STIFF COMPETITION IN THE JOB MARKET.AS AN NCAA DIVISION III SCHOOL, THE UNIVERSITY OF SAINT JOSEPH HOSTS 14 VARSITY TEAMS, IN ADDITION TO INTRAMURALS AND NUMEROUS RECREATION AND WELLNESS PROGRAMS. THE UNIVERSITY IS A MEMBER OF THE NATIONAL COLLEGIATE ATHLETIC ASSOCIATION (NCAA) AND THE GREAT NORTHEAST ATHLETIC CONFERENCE (GNAC).THE 90-ACRE SUBURBAN CAMPUS IN PRESTIGIOUS WEST HARTFORD, CONNECTICUT IS KNOWN AMONG COLLEGES FOR ITS AESTHETICS AND PRIME LOCATION: A FEW MILES FROM MAJOR HARTFORD EMPLOYERS OR ENTERTAINMENT AND SHOPPING IN BLUE BACK SQUARE, AND MIDWAY BETWEEN BOSTON AND NEW YORK CITY.IN ADDITION TO THE UNDERGRADUATE COLLEGE, THE UNIVERSITY OF SAINT JOSEPH HAS A GRADUATE AND PROFESSIONAL STUDIES PROGRAM OFFERING MASTER'S DEGREES AND CERTIFICATES, A DOCTOR OF NURSING PRACTICE PROGRAM AND A SCHOOL OF PHARMACY. THE SCHOOL OF PHARMACY OFFERS A UNIQUE THREE-CALENDAR-YEAR DOCTORAL DEGREE (PHARM.D.) PROGRAM IN PHARMACY.IN 2016, USJ ANNOUNCED THAT ITS NEW PHYSICIAN ASSISTANT (PA) PROGRAM WAS GRANTED ACCREDITATION-PROVISIONAL STATUS BY THE ACCREDITATION REVIEW COMMISSION ON EDUCATION FOR THE PHYSICIAN ASSISTANT (ARC-PA). THIS ACCREDITATION - THE FIRST IN A MULTI-STEP ACCREDITATION PROCESS - ALLOWED USJ TO ENROLL THE INAUGURAL CLASS OF ITS PA PROGRAM IN JANUARY 2017. USJ'S PA PROGRAM IS A 28-MONTH, COEDUCATIONAL PROGRAM FOCUSING ON COLLABORATIVE APPROACHES TO PATIENT-CENTERED CARE THAT ENHANCES TREATMENT PLANS AND CAN IMPROVE OUTCOMES IN A CHANGING AND EVOLVING HEALTHCARE ENVIRONMENT. 16539662 19685670 MODEL SCHOOLS:SEE SCHEDULE O FOR PROGRAM DESCRIPTION.MODEL SCHOOLS:THE UNIVERSITY IS HOME TO TWO MODEL SCHOOLS: THE GENGRAS CENTER AND THE SCHOOL FOR YOUNG CHILDREN. THE GENGRAS CENTER IS A STATE-APPROVED PRIVATE SPECIAL EDUCATION FACILITY THAT PROVIDES HIGHLY STRUCTURED, INTENSIVE AND SELF-CONTAINED SPECIAL EDUCATION PROGRAMS FOR ELEMENTARY, MIDDLE AND HIGH SCHOOL STUDENTS. IN 2023 IT SERVED 140 STUDENTS FROM SURROUNDING COMMUNITIES. AT THE CENTER, UNIVERSITY OF SAINT JOSEPH STUDENTS FULFILL REQUIRED CLASSES IN THE FIELDS OF SPECIAL EDUCATION, NURSING, SOCIAL WORK, COUNSELING, AND NUTRITION.THE SCHOOL FOR YOUNG CHILDREN IS A NATIONALLY-ACCREDITED PRESCHOOL WHICH HAS BEEN SERVING CHILDREN SINCE 1936; IN 2023 IT ENROLLED 100 STUDENTS. IT SERVES AS A TRAINING PROGRAM FOR UNIVERSITY STUDENTS PURSUING CAREERS IN EARLY CHILDHOOD EDUCATION AND RELATED FIELDS. 72448644 1 1 0 1 0 0 0 1 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 0 0 0 1 322 0 1 1267 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 34 33 0 0 0 0 1 0 1 1 1 0 0 1 1 1 1 1 1 1 0 0 AK CO DC KY MA MD MI NH NJ NV OK OR SC WA X JAMES F WHITE VP OF FINANCE & ADMINISTRATION 8602315220 1678 ASYLUM AVENUE WEST HARTFORD CT 061172764 RHONA C FREE PHD PRESIDENT, TRUSTEE 38.00 0.00 X X 518266 0 191182 YUSRA ANIS-ANWAR MD TRUSTEE 1.00 0.00 X 0 0 0 ANTHONY J CAMPBELL MDIV TRUSTEE 1.00 0.00 X 0 0 0 AELISH CLIFFORD TRUSTEE 1.00 0.00 X 0 0 0 JILL SULLIVAN COSCARELLI TRUSTEE (AS OF 7/1/2023) 1.00 0.00 X 0 0 0 MARY D DICKERSON MBA TRUSTEE 1.00 0.00 X 0 0 0 KATHY DE CASTRO MA TRUSTEE 1.00 0.00 X 0 0 0 CARLOS FIGUEROA MM TRUSTEE 1.00 0.00 X 0 0 0 BRENDAN FOX JR JD TRUSTEE 1.00 0.00 X 0 0 0 ROHAN A FREEMAN PE LS TRUSTEE 1.00 0.00 X 0 0 0 BRIAN FURBISH TRUSTEE 1.00 0.00 X 0 0 0 DEJSHONA GEORGE TRUSTEE 1.00 0.00 X 0 0 0 MARION D GRIFFIN MS MBA TRUSTEE 1.00 0.00 X 0 0 0 MAUREEN GORMAN TRUSTEE (AS OF 7/1/2023) 1.00 0.00 X 0 0 0 EILEEN HOGAN RSM TRUSTEE 1.00 0.00 X 0 0 0 PAUL IANNACCONE JD TRUSTEE 1.00 0.00 X 0 0 0 JOETTE KATZ JD TRUSTEE 1.00 0.00 X 0 0 0 SHERRY MANETTA MBA TRUSTEE 1.00 0.00 X 0 0 0 ELIZABETH A MCAULIFFE RSM EDD TRUSTEE 1.00 0.00 X 0 0 0 JEANNE B MEROLA TRUSTEE 1.00 0.00 X 0 0 0 KAREN SHINE NELSON TRUSTEE (AS OF 7/1/2023) 1.00 0.00 X 0 0 0 CORNELIUS O'LEARY JD TRUSTEE 1.00 0.00 X 0 0 0 PAUL S POLO TRUSTEE 1.00 0.00 X 0 0 0 PHILIP RIGUEUR TRUSTEE (AS OF 7/1/2023) 1.00 0.00 X 0 0 0 GERRI ROBERTS JD TRUSTEE 1.00 0.00 X 0 0 0 JOSEPH J SPALLUTO TRUSTEE (AS OF 7/1/2023) 1.00 0.00 X 0 0 0 CAROL STIFF MS TRUSTEE 1.00 0.00 X 0 0 0 MARY ALICE SYNKEWECZ RSM TRUSTEE 1.00 0.00 X 0 0 0 PATRICK TERRION BS TRUSTEE 1.00 0.00 X 0 0 0 THOMAS WEIDMAN FCAS TRUSTEE 1.00 0.00 X 0 0 0 ANN M WELCH RSM MED TRUSTEE 1.00 0.00 X 0 0 0 ROBERT STINGLE CHAIR 1.00 0.00 X X 0 0 0 JOHN F RODIS MD MBA VICE CHAIR 1.00 0.00 X X 0 0 0 PADDI LESHANE SECRETARY 1.00 0.00 X X 0 0 0 MICHELLE M KALIS PROVOST 38.00 0.00 X 245116 0 26645 LUCY A LUCKER VP, FIN. & ADMIN. (UNTIL 12/1/23) 38.00 0.00 X 208484 0 12611 JAMES WHITE VP, FIN. & ADMIN. (AS OF 11/28/23) 38.00 0.00 X 15346 0 0 AHMED ABDELMAGEED DEAN, SCHOOL OF PHARMACY 38.00 0.00 X 211319 0 46405 MARJORIE PINNEY VP, INSTITUTIONAL ADVANCEMENT 38.00 0.00 X 194997 0 39025 MICHELLE LESTRUD DIRECTOR, GENGRAS CENTER 38.00 0.00 X 182662 0 33311 KIMBERLY CRONE VP, ENROLLMENT MANAGEMENT 38.00 0.00 X 194648 0 11888 PAUL W LOVOI ASSOCIATE DIRECTOR, GENGRAS CENTER 38.00 0.00 X 164784 0 9857 1935622 0 370924 55 0 1 0 RAD SPORTS 171 VFW DRIVE ROCKLAND MA 02370 SOFTBALL & BASEBALL FIELD CONSTRUCTION 4367040 SODEXO OPERATIONS LLC 9801 WASHINGTONIAN BOULEVARD GAITHERSBURG MD 20878 DINING AND FACILITIES MGMT 4011180 K-12 TEACHERS ALLIANCE 20624 ABBEY WOODS CT NORTH FRANKFORT IL 60423 CONSULTING FOR OFF CAMPUS MASTERS 526940 ADP PO BOX 842875 BOSTON MA 022842875 PAYROLL SERVICES 388572 JANI-KING OF HARTFORD INC 40 COLD SPRING ROAD ROCKY HILL CT 06067 TEMP SERVICES CUSTODIAL 364037 23 62681 4267794 4606700 446800 8937175 TUITION AND FEES 611710 60300461 60300461 MODEL SCHOOLS & ED. SE 611710 19685670 19685670 RESIDENCE & DINING 611710 4998056 4998056 84984187 2045048 2045048 98938 0 98938 98938 98938 34600456 33464036 1136420 1136420 1136420 63287 62681 64944 -1657 -1657 VENDOR REBATES & ALLOW 900099 353879 353879 SPORTS REVENUE 900099 155442 155442 ARTS CENTER REVENUE 711190 66954 66919 35 293249 7215 286034 869524 98069635 84984187 74134 4074139 22028959 22028959 1097804 911177 164671 21956 37161005 31074188 5460420 626397 1734755 1238697 334463 161595 5059746 4201280 757470 100996 2675894 2220992 401384 53518 1565816 1565816 35848 35848 158500 158500 1985 1985 166996 166996 932885 443700 489185 759485 225437 457769 76279 79729 35351 43163 1215 1273995 386180 835722 52093 1421709 25618 1396091 394192 387124 4662 2406 176189 162019 13279 891 1416590 1416590 3791262 3760079 31183 1275431 2459 1272972 FOOD SERVICES 2211390 2211390 SCHOOL PROGRAM EXPENSES 1448450 1387046 61404 FOOD SERVICES 432274 432274 DUES AND SUBSCRIPTIONS 203595 103630 91487 8478 770200 226728 442359 101113 88274684 72448644 14619103 1206937 265335 68258 7248589 7937414 1337342 1155377 2954408 3847808 1425143 1309488 144100055 77243398 66514169 66856657 61818164 70197533 839006 1363438 142402156 152735973 4443905 3970408 0 4347190 3268379 44307589 42973459 4663043 3345370 57761727 53557616 X 51342681 60896357 33297748 38282000 84640429 99178357 142402156 152735973 X 9794951 4221445 571 520961 X 0 1 X 1 1 1 X 6742342 6835334 10537867 6144139 8937175 39196857 6742342 6835334 10537867 6144139 8937175 39196857 365953 38830904 969653 1349592 1655771 1597355 2143986 7716357 6448 6448 839804 739721 570641 550968 932811 3633945 50553607 410339210 0.76810 0.67970 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS INCOME - 2019 AMOUNT: $ 106,470. 2020 AMOUNT: $ 66,291. 2021 AMOUNT: $ 65,127. 2022 AMOUNT: $ 105,882. 2023 AMOUNT: $ 448,691. VENDOR REBATES ALLOWANCES - 2019 AMOUNT: $ 674,204. 2020 AMOUNT: $ 662,898. 2021 AMOUNT: $ 365,303. 2022 AMOUNT: $ 366,913. 2023 AMOUNT: $ 353,879. ARTS CENTER REVENUE - 2019 AMOUNT: $ 59,130. 2020 AMOUNT: $ 10,532. 2021 AMOUNT: $ 796. 2022 AMOUNT: $ 275. 2023 AMOUNT: $ 66,954. GROSS REVENUE FUND EVENTS - 2021 AMOUNT: $ 139,415. 2022 AMOUNT: $ 77,898. 2023 AMOUNT: $ 63,287. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 0 0 0 0 0 0 1 1985 1985 0 PART II-B, LINE 1: THE UNIVERSITY OF SAINT JOSEPH BELONGS TO THE CONNECTICUT CONSORTIUM OF INDEPENDENT COLLEGES AND UNIVERSITIES, AND OTHER ACADEMIC ASSOCIATIONS, WHICH AT TIMES MAY ENGAGE IN LOBBYING ACTIVITIES. OF THE $25,601 PAID IN DUES TO CCIC, $681 WAS USED FOR LOBBYING. OF THE $8,121 PAID IN DUES TO NAICU, 8% OR $650 WAS USED FOR LOBBYING. OF THE $2,180 PAID IN DUES TO CAPSEF, 30% OR $654 WAS USED FOR LOBBYING. FOR THE YEAR ENDING JUNE 30, 2024, THE UNIVERSITY DID NOT CONTRACT WITH AN OUTSIDE LOBBYING FIRM FOR FEDERAL AND STATE GOVERNMENT RELATIONS AND LOBBYING SERVICES. IN ADDITION, THE UNIVERSITY MAY HAVE DIRECT CONTACT WITH LEGISLATORS TO PROVIDE INFORMATION AND EDUCATION ABOUT THE UNIVERSITY. 1203343 X X X X X TEACHING 0 45950000 3093000 6440000 1020000 54463000 40425000 3232000 4018000 1112106 612894 45950000 45085000 1986000 -5262000 823458 560542 40425000 35442000 1506000 9491000 802891 551109 45085000 34781000 2339000 -691000 593744 393256 35442000 0.61000 0.39000 0 0 2522940 2522940 93533476 44859884 48673592 1634118 1606668 27450 25811332 21329957 4481375 20598189 9446889 11151300 66856657 VENDOR INVESTMENT - SODEXO 1802317 ARO LIABILITY 1543053 3345370 X 83075933 4221445 -19101175 -14879730 97955663 113972 113972 98069635 68538576 0 68538576 113972 19622136 19736108 88274684 PART III, LINE 4: ORGANIZATION'S COLLECTION OF ART: THE ART MUSEUM AT THE UNIVERSITY OF SAINT JOSEPH OPENED IN 2001 IN THE UNIVERSITY'S BRUYETTE ATHENAEUM. IT NOW HOUSES A COLLECTION OF MORE THAN 2,600 WORKS OF ART. A PAINTINGS COLLECTION, WHOSE STRENGTH IS IN AMERICAN ART OF THE TWENTIETH CENTURY, INCLUDES WORKS BY THOMAS HART BENTON, GEORGIA O'KEEFFE AND MILTON AVERY, IS COMPLEMENTED BY A COLLECTION OF WORKS OF ART ON PAPER. THE LATTER COLLECTION RANGES FROM THE FIFTEENTH CENTURY TO THE PRESENT, INCLUDING NOTEWORTHY EUROPEAN OLD MASTER PRINTS, NINETEENTH-CENTURY TO CONTEMPORARY JAPANESE PRINTS, AND TWENTIETH-CENTURY AND CONTEMPORARY AMERICAN AND EUROPEAN WORKS AND A GROWING PHOTOGRAPH COLLECTION. WITH A SUITE OF EXHIBITION GALLERIES, A PRINT STUDY ROOM, AND UP-TO-DATE STORAGE FACILITIES, THE ART MUSEUM HAS MADE THE UNIVERSITY'S COLLECTION MORE ACCESSIBLE AND HAS OPENED MYRIAD OPPORTUNITIES FOR THE STUDY AND ENJOYMENT OF ART. THE MUSEUM COLLABORATES WITH FACULTY TO PRESENT EDUCATIONAL PROGRAMMING AND HOST CLASS VISITS THROUGHOUT THE YEAR, PROVIDES PROFESSIONAL DEVELOPMENT FOR K-12 TEACHERS, AND OFFERS A VARIETY OF LECTURES, GALLERY TALKS, AND EVENTS FOR THE GENERAL PUBLIC. EACH YEAR THE ART MUSEUM PRESENTS SEVERAL SPECIAL EXHIBITIONS IN ADDITION TO CHANGING INSTALLATIONS OF THE PERMANENT COLLECTION. PART V, LINE 4: ENDOWMENT FUNDS: THE UNIVERSITY'S ENDOWMENT CONSISTS OF APPROXIMATELY 230 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES, INCLUDING BOTH DONOR-RESTRICTED ENDOWMENT FUNDS AND FUNDS DESIGNATED BY THE UNIVERSITY TO FUNCTION AS ENDOWMENTS (QUASI - ENDOWMENT). THE UNIVERSITY MANAGES ITS LONG-TERM INVESTMENTS IN ACCORDANCE WITH THE TOTAL RETURN CONCEPT AND THE GOAL OF MAXIMIZING LONG-TERM RETURN WITHIN ACCEPTABLE LEVELS OF RISK. THE UNIVERSITY'S SPENDING POLICY IS DESIGNED TO PROVIDE A STABLE LEVEL OF FINANCIAL SUPPORT AND TO PRESERVE THE REAL VALUE OF ITS ENDOWMENT. THE UNIVERSITY COMPARES THE PERFORMANCE OF ITS INVESTMENTS AGAINST SEVERAL BENCHMARKS. PART X, LINE 2: THE UNIVERSITY IS RECOGNIZED BY THE INTERNAL REVENUE SERVICE AS AN ORGANIZATION UNDER INTERNAL REVENUE CODE (IRC) SECTION 501(A) DESCRIBED IN SECTION 501(C)(3) OF THE IRC. UNDER IRC 501(A), THE UNIVERSITY IS GENERALLY EXEMPT FROM FEDERAL AND STATE INCOME TAXES ON RELATED INCOME. THE UNIVERSITY BELIEVES IT HAS TAKEN NO UNCERTAIN TAX POSITIONS. TAX POSITIONS FOR THE OPEN TAX YEARS AS OF JUNE 30, 2024, WERE REVIEWED, AND IT WAS DETERMINED THAT NO PROVISION FOR UNCERTAIN TAX POSITIONS WAS REQUIRED AS OF JUNE 30, 2024 OR 2023. THE UNIVERSITY'S FEDERAL AND STATE RETURNS ARE GENERALLY OPEN FOR EXAMINATION FOR THREE YEARS FOLLOWING THE DATE FILED. THE UNIVERSITY WILL ACCOUNT FOR INTEREST AND PENALTIES RELATED TO UNCERTAIN TAX POSITIONS, IF ANY, AS PART OF TAX EXPENSE. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN FAIR VALUE OF INTEREST RATE SWAPS 520,961. FINANCIAL AID -19,622,136. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 19,622,136. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 RACIALLY NONDISCRIMINATORY POLICY: THE UNIVERSITY PUBLISHES ITS NON-DISCRIMINATION POLICY ON THE HOME PAGE OF ITS WEBSITE, USJ.EDU, IN ACCORDANCE WITH REV. PROC. 2019-22, SECTION 3, PER THE INTERNAL REVENUE SERVICE. SCHEDULE E, PART I, LINE 6 GOVERNMENT AID: THE UNIVERSITY OF SAINT JOSEPH RECEIVES FINANCIAL AID OR ASSISTANCE FROM GOVERNMENTAL AGENCIES FOR THE BENEFIT OF THE UNIVERSITY'S STUDENTS. GOLF TOURNAMENT 125968 62681 63287 2850 3640 22400 21700 4183 10171 125968 62681 63287 2850 3640 22400 21700 4183 10171 64944 -1657 1 COLLEGE SCHOLARSHIPS AND GRANTS 1000 22028959 PART I, LINE 2: MONITOR THE USE OF GRANT FUNDS: THE UNIVERSITY'S GRANTS IN THE U.S. CONSIST OF FINANCIAL AID AWARDS WHICH ARE APPLIED AGAINST STUDENTS' RECEIVABLE BALANCES DUE TO THE UNIVERSITY. THE UNIVERSITY MONITORS THESE GRANTS BY CONTROLLING THE APPLICATION OF GRANTS TO STUDENTS' BALANCES. X 1 1 X X X 0 1 0 0 0 0 0 0 0 RHONA C FREE PHD PRESIDENT, TRUSTEE 417477 0 0 0 100789 0 142650 0 48532 0 709448 0 100000 0 MICHELLE M KALIS PROVOST 245116 0 0 0 0 0 13738 0 12907 0 271761 0 0 0 AHMED ABDELMAGEED DEAN, SCHOOL OF PHARMACY 211319 0 0 0 0 0 12266 0 34139 0 257724 0 0 0 MARJORIE PINNEY VP, INSTITUTIONAL ADVANCEMENT 194997 0 0 0 0 0 11296 0 27729 0 234022 0 0 0 LUCY A LUCKER VP, FIN. & ADMIN. (UNTIL 12/1/23) 208484 0 0 0 0 0 11496 0 1115 0 221095 0 0 0 MICHELLE LESTRUD DIRECTOR, GENGRAS CENTER 182662 0 0 0 0 0 9931 0 23380 0 215973 0 0 0 KIMBERLY CRONE VP, ENROLLMENT MANAGEMENT 194648 0 0 0 0 0 10706 0 1182 0 206536 0 0 0 PAUL W LOVOI ASSOCIATE DIRECTOR, GENGRAS CENTER 164784 0 0 0 0 0 9074 0 783 0 174641 0 0 0 PART I, LINE 1A PRESIDENT'S HOUSING: AS A CONDITION OF EMPLOYMENT, THE PRESIDENT IS REQUIRED TO LIVE IN THE PRESIDENTIAL RESIDENCE LOCATED ON THE UNIVERSITY CAMPUS. THE FAIR MARKET VALUE OF THE HOUSING IS $48,000 PER YEAR. THIS IS A NON-TAXABLE BENEFIT INCLUDED IN SCHEDULE J, PART II, COLUMN D. PART I, LINE 4B NON-QUALIFIED RETIREMENT PLANS: THE UNIVERSITY PRESIDENT PARTICIPATES IN A 457(F) DEFERRED COMPENSATION PLAN, AND INCLUDED IN SCHEDULE J, PART II, COLUMN C IS THE CALENDAR YEAR 2023 DEFERRAL OF $130,000. AS OF JUNE 30, 2023, $100,000 HAS VESTED AND IS REPORTED IN PART II, COLUMN (B)(III) FOR THE PRESIDENT. THE REMAINING AMOUNT UDER THIS PLAN WAS VESTED ON JUNE 30, 2024. A CHEFA 2018 SERIES E 060803186 NONEAVAIL 2018-12-07 30000000 REN. ATH. & STUD. CTRS, REF. LOAN 0 0 0 B CHEFA 2021 SERIES F 060803186 NONEAVAIL 2021-06-17 17190000 REFUND CHEFA 2013 SERIES C & D BONDS 0 0 0 A 2004713 30000000 528059 29471941 3906468 2021 0 1 1 1 B 2211868 17190000 515 17189485 2021 1 0 1 1 A 0 0 1 0 0 0.00000 0.00000 0 0 1 B 0 0 1 0 0 0.00000 0.00000 0 0 1 A 0 1 1 0 1 1 BERKSHIRE BANK 13.100000000000 1 0 0 0 1 B 0 1 1 0 0 0 0 0 1 A 1 B 1 SCHEDULE K, PART II, LINE 11: OTHER SPENT PROCEEDS: ENTIRE AMOUNT RECORDED ON SCHEDULE K, PART II, LINE 11, COLUMN A WAS REFINANCING OF THE AMOUNT OUTSTANDING ON THE $5 MILLION BRIDGE LOAN WHICH PROVIDED FUNDS FOR THE RENOVATION OF CERTAIN RESIDENCE HALLS AND COSTS OF IMPROVEMENT OF THE ELECTRICAL INFRASTRUCTURE. SCHEDULE K, PART III, LINE 3A: MANAGEMENT OR SERVICE CONTRACTS THAT MAY RESULT IN PRIVATE BUSINESS USE: ANY MANAGEMENT OR SERVICE CONTRACTS THAT MAY RESULT IN PRIVATE BUSINESS USE OF BOND-FINANCED PROPERTY ARE INCIDENTAL AND FALL UNDER THE SAFE HARBOR PROVIDED. SCHEDULE K, PART III, LINE 3B: ENGAGEMENT OF COUNSEL TO REVIEW MANAGEMENT OR SERVICE RELATING TO THE FINANCED PROPERTY: DUE TO THE FACT THAT INCIDENTAL SERVICE CONTRACTS IN BOND-FINANCED SPACES WILL NOT RESULT IN PRIVATE BUSINESS USE AS PER THE SAFE HARBOR PROVIDED UNDER REVENUE PROCEDURE 2017-13, WE DO NOT ROUTINELY ENGAGE BOND COUNSEL AND/OR OUTSIDE COUNSEL TO REVIEW THESE CONTRACTS SINCE THEY WILL NOT RESULT IN PRIVATE BUSINESS USE. SCHEDULE K, PART III, LINE 4 & 5: PRIVATE BUSINESS USE: THE UNIVERSITY REVIEWS EVERY ACTIVITY PROPOSED FOR ITS BOND-FINANCED FACILITIES, AND ALLOWS IN THOSE FACILITIES ONLY ACTIVITIES THAT EITHER MEET THE INCIDENTAL CONTRACT EXCEPTION OR REVENUE PROCEDURE 97-13 SAFE HARBOR. X 2 446800 SEE PART II 10 0 1 0 PART I, COLUMN (B): NONCASH CONTRIBUTIONS: OTHER THAN CONTRIBUTIONS OF MARKETABLE SECURITIES, NON-CASH ITEMS ARE NOT INCLUDED IN THE FINANCIAL STATEMENTS OF THE UNIVERSITY UNLESS THEY ARE SIGNIFICANT IN AMOUNT. IN FISCAL YEAR 2024, THE UNIVERSITY RECEIVED 0 GIFTS OF MARKETABLE SECURITIES, VALUED AT $0, AND 2 ITEMS OF ARTWORK, WHICH WERE RECORDED AT $446,800 MARKET VALUE. FORM 990, PART III, LINE 1, DESCRIPTION OF ORGANIZATION MISSION: THE UNIVERSITY OF SAINT JOSEPH, FOUNDED BY THE SISTERS OF MERCY IN THE CATHOLIC TRADITION, PROVIDES A RIGOROUS LIBERAL ARTS AND PROFESSIONAL EDUCATION FOR A DIVERSE STUDENT POPULATION IN AN INCLUSIVE ENVIRONMENT THAT ENCOURAGES STRONG ETHICAL VALUES, PERSONAL INTEGRITY, AND A SENSE OF RESPONSIBILITY TO THE NEEDS OF SOCIETY. CORE VALUES: *CATHOLIC IDENTITY* THE UNIVERSITY OF SAINT JOSEPH IS GROUNDED IN ITS HERITAGE AS A CATHOLIC INSTITUTION, EXPRESSING THE CATHOLIC TRADITION IN AN ECUMENICAL AND CRITICAL MANNER. *DEVELOPMENT OF THE WHOLE PERSON* THE UNIVERSITY OF SAINT JOSEPH ENCOURAGES, INSPIRES, AND CHALLENGES ALL STUDENTS TO FULLY DEVELOP THEIR INTELLECTUAL, SPIRITUAL, SOCIAL, EMOTIONAL, PHYSICAL AND LEADERSHIP POTENTIAL. *COMPASSIONATE SERVICE* THE UNIVERSITY OF SAINT JOSEPH PROMOTES, SUPPORTS AND FACILITATES CARING SERVICE AS AN INTEGRAL PART OF ALL TEACHING AND LEARNING EXPERIENCES. *ACADEMIC EXCELLENCE* THE UNIVERSITY OF SAINT JOSEPH PROVIDES A VALUE-CENTERED EDUCATION THAT PREPARES STUDENTS AS GLOBAL CITIZENS, LIFELONG LEARNERS, AND INFORMED DECISION MAKERS. *RESPECT/INTEGRITY* THE UNIVERSITY OF SAINT JOSEPH DEMONSTRATES RESPECT AND REVERENCE FOR ALL PEOPLE AND FIDELITY IN PERSONAL WITNESS. *HOSPITALITY* THE UNIVERSITY OF SAINT JOSEPH IS A WELCOMING COMMUNITY WHERE ITS RELATIONSHIPS ARE BASED ON OPENNESS, INCLUSIVITY, AND MUTUAL RESPECT. *MULTICULTURALISM/DIVERSITY* THE UNIVERSITY OF SAINT JOSEPH IS COMMITTED TO FOSTERING THE GROWTH OF AN INCLUSIVE COMMUNITY THAT WELCOMES DIFFERENCES AMONG COMMUNITY MEMBERS AND BENEFITS FROM THEM. FORM 990, PART VI, SECTION A, LINE 6 ORGANIZATION'S MEMBERS: THE UNIVERSITY IS AN INSTITUTION OF HIGHER EDUCATION SPONSORED BY THE INSTITUTE OF THE SISTERS OF MERCY OF THE AMERICAS AND AFFILIATED WITH THE CONFERENCE FOR MERCY HIGHER EDUCATION ("CMHE"). FORM 990, PART VI, SECTION A, LINE 7B MEMBER ACTIONS: AS A CONDITION TO THE CORPORATION'S AFFILIATION WITH CMHE AND SPONSORSHIP BY THE SISTERS OF MERCY OF THE AMERICAS, THE BOARD OF TRUSTEES SHALL NOT TAKE ANY OF THE FOLLOWING ACTIONS WITHOUT THE PRIOR WRITTEN CONSENT OF THE BOARD OF DIRECTORS OF CMHE OR ITS SUCCESSOR OR DESIGNEE: I. APPROVE A SALE OR DISPOSITION OF ALL OR SUBSTANTIALLY ALL OF THE ASSETS, A MERGER, CONSOLIDATION, REORGANIZATION, DISSOLUTION OR LIQUIDATION OF THE CORPORATION, OR OTHER FUNDAMENTAL TRANSACTION CONTEMPLATED WITHIN THE NONPROFIT CORPORATION LAW OF THE STATE OF CONNECTICUT OR THESE BYLAWS; OR II. AMEND THIS SECTION OR ARTICLE I OF THESE BYLAWS, OR ARTICLE 3 OR ARTICLE 6 OF THE CERTIFICATE OF INCORPORATION, WITH RESPECT TO THE CORPORATION'S ROMAN CATHOLIC IDENTITY OR THE AFFILIATION OF THE CORPORATION WITH CMHE OR ITS SPONSORSHIP BY THE SISTERS OF MERCY OF THE AMERICAS. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 REVIEW PROCESS: THE FORM 990 IS REVIEWED IN DRAFT FORM BY THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES. THE FINAL VERSION IS DISTRIBUTED TO THE BOARD OF TRUSTEES IN ADVANCE OF FILING. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST POLICY: THE PRESIDENT'S OFFICE SENDS ANNUAL CONFLICT OF INTEREST QUESTIONNAIRES TO MEMBERS OF THE BOARD OF TRUSTEES. IF A CONFLICT OF INTEREST IS IDENTIFIED, THE TRUSTEE MEMBER SHALL REFRAIN FROM PARTICIPATING IN ANY ACTION ON MATTERS EXCEPT UPON APPROVAL OF THE BOARD AFTER FULL AND FRANK DISCLOSURE. THE VICE PRESIDENT FOR FINANCE AND ADMINISTRATION REVIEWS THE COMPLETED QUESTIONNAIRES, AND PRESENTS THE RESULTS TO THE BOARD'S AUDIT COMMITTEE. FORM 990, PART VI, SECTION B, LINE 15A COMPENSATION POLICY: THE PROCESS FOR DETERMINING THE COMPENSATION FOR THE PRESIDENT MEETS THE THREE REQUIREMENTS OF THE REBUTTABLE PRESUMPTION OF REASONABLENESS. COMPENSATION FOR THE UNIVERSITY'S PRESIDENT IS SET BY THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES, WHICH IS COMPOSED OF INDIVIDUALS WHO DO NOT HAVE A CONFLICT OF INTEREST REGARDING THE TRANSACTION. THE PROCESS INCLUDES THE COMPARISON WITH COMPENSATION OF PRESIDENTS OF COMPARABLE INSTITUTIONS, BY MEANS OF INDUSTRY SURVEYS AND REVIEW OF FORM 990'S; AND CONTEMPORANEOUS DOCUMENTATION OF DELIBERATIONS AND DECISIONS REGARDING THE COMPENSATION AGREEMENT. THE PRESIDENT'S COMPENSATION AGREEMENT IS A WRITTEN DOCUMENT. THIS FULL PROCESS WAS MOST RECENTLY UNDERTAKEN DURING THE YEAR ENDED JUNE 30, 2024. FORM 990, PART VI, SECTION C, LINE 19 PUBLIC DISCLOSURE: THE UNIVERSITY MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN SECTION 6104(D). IN ADDITION, THE FORM 990 AND THE AUDITED FINANCIAL STATEMENTS ARE AVAILABLE THROUGH THE UNIVERSITY'S WEBSITE. THE FORM 990 IS ALSO POSTED ON WWW.GUIDESTAR.ORG. FORM 990, PART XI, LINE 9: CHANGE IN FAIR VALUE OF INTEREST RATE SWAPS 520,961. CONFERENCE FOR MERCY HIGHER EDUCATION 8380 COLESVILL RD SUITE 300 SILVER SPRING MD 20910 431973007 EDUCATION MD 501(C)(3) LINE 1 N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0