2022-05-14T01:55:29-05:00 2021-06-30 221478099 COHNREZNICK LLP 14 SYLVAN WAY PARSIPPANY NJ 070543801 990 2020-07-01 221912028 FELICIAN UNIVERSITY FELI 2015596000 262 SOUTH MAIN STREET LODI NJ 07644 TOM TRUCHAN VP OF FINANCE 2015596094 2022-05-13 1 TOM TRUCHAN 999009999 LORI ROTHE YOKOBOSKY CPA P01273422 9732283500 2022-05-11 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z DR ANNE PRISCO 262 SOUTH MAIN STREET LODI NJ 07644 84032262 0 X WWW.FELICIAN.EDU X 1942 NJ FELICIAN UNIVERSITY IS THE CATHOLIC FRANCISCAN UNIVERSITY OF NEW JERSEY, SPONSORED BY THE CONGREGATION OF THE SISTERS OF ST. FELIX OF CANTALICE, OUR LADY OF HOPE PROVINCE, (THE "CONGREGATION") WITH THE MISSION OF EDUCATING A DIVERSE STUDENT POPULATION WITHIN A LIBERAL ARTS FRAMEWORK. THE UNIVERSITY PROVIDES LEARNING EXPERIENCES THROUGH MULTIPLE MODALITIES, REINFORCED WITH STRONG STUDENT DEVELOPMENT PROGRAMS TO OPTIMIZE STUDENT SUCCESS. 24 24 853 0 25155 4059 1800451 5002579 70491804 68734552 1354847 1507837 633363 490359 74280465 75735327 26708941 28788656 0 0 27122086 25546268 90686 0 899020 20023677 19060064 73945390 73394988 335075 2340339 95245746 102314365 40406877 42924080 54838869 59390285 X FELICIAN UNIVERSITY IS THE CATHOLIC FRANCISCAN UNIVERSITY OF NEW JERSEY, SPONSORED BY THE CONGREGATION OF THE SISTERS OF ST. FELIX OF CANTALICE, OUR LADY OF HOPE PROVINCE, (THE "CONGREGATION") WITH THE MISSION OF EDUCATING A DIVERSE STUDENT POPULATION WITHIN A LIBERAL ARTS FRAMEWORK. THE UNIVERSITY PROVIDES LEARNING EXPERIENCES THROUGH MULTIPLE MODALITIES, REINFORCED WITH STRONG STUDENT DEVELOPMENT PROGRAMS TO OPTIMIZE STUDENT SUCCESS. 0 0 66281066 28788656 69054256 FELICIAN CONTINUES TO ENROLL STUDENTS THROUGHOUT THE TRI-STATE REGION AND WITH THE GROWTH OF ON-LINE EDUCATIONAL PROGRAMS ACROSS THE NATION AND THE WORLD. ACADEMIC PROGRAM DIVERSITY IN AREAS SUCH AS NURSING, EDUCATION, CYBERSECURITY, AND THE 5 YEAR MBA PROGRAM AS WELL AS THE ADDITION OF DOCTORAL PROGRAMS ARE ATTRACTING AN INCREASINGLY DIVERSIFIED STUDENT POPULATION. THE UNIVERSITY ENROLLED 5,125 STUDENTS IN THE 2020-21 ACADEMIC YEAR. REFURBISHED RESIDENCE HALLS, STATE OF THE ART SCIENCE LABORATORIES AND THE MODIFICATIONS TO THE STUDENT CENTER ON THE RUTHERFORD CAMPUS HAVE EXPANDED STUDENT LIFE ACTIVITIES WHICH HAVE RESULTED IN A STRONG INCREASE IN CAMPUS COMMUNITY AND RETENTION. 66281066 1 1 0 1 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 3127 0 1 853 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 24 24 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X TOM TRUCHAN 2015596094 262 SOUTH MAIN ST LODI NJ 07644 ALEX KRASNOMOWITZ TRUSTEE 1.00 X 0 0 0 BETH LENKE CO-VICE CHAIR 1.00 X X 0 0 0 CHARLENE BROWN TRUSTEE 1.00 X 0 0 0 CHRISTOPHER SWENSON BOARD CHAIR 1.00 X X 0 0 0 COLLEEN FRANKENFIELD MS JD CO-VICE-CHAIR 1.00 X X 0 0 0 DONALD JONES TRUSTEE 1.00 X 0 0 0 GAIL B GORDON ESQ TRUSTEE 1.00 X 0 0 0 GARY WALSH ESQ TRUSTEE 1.00 X 0 0 0 J FLETCHER CREAMER TRUSTEE 1.00 X 0 0 0 JAMES R DAGOSTINO JR JD TRUSTEE 1.00 X 0 0 0 JAMES W CRAWFORD III INTERIM UNIVERSITY PRESIDENT 45.00 X X 84269 0 11689 KATHY J DODSWORTH-RUGANI PHD TRUSTEE 1.00 X 0 0 0 MARILYN SCALO TRUSTEE 1.00 X 0 0 0 MIRIAM M DUSTY BURKE ESQ TRUSTEE 1.00 X 0 0 0 MONIQUE EDWARDS JD TRUSTEE 1.00 X 0 0 0 RICHARD B ARTMAN PHD TRUSTEE 1.00 X 0 0 0 SAM DELGADO TRUSTEE 1.00 X 0 0 0 SCOTT THOMAS JD TRUSTEE 1.00 X 0 0 0 SISTER MARY AQUINAS SZOTT CSSFPHD TRUSTEE 1.00 X 0 0 0 SISTER MARY BRIDGET BECKER CSSF TRUSTEE 1.00 X X 0 0 0 SISTER MARY FELICIA BRODOWSKI CSSF TRUSTEE 1.00 X 0 0 0 SISTER SUZANNE KUSH CSSF TRUSTEE 1.00 X 0 0 0 STEPHEN LOIACONO TRUSTEE 1.00 X 0 0 0 SYLVIA MCGEARY INTERIM PRESIDENT 45.00 X X 184983 0 18053 THOMAS BELLAVIA MD TRUSTEE 1.00 X 0 0 0 TOM TRUCHAN CFO & VP OF FINANCE 45.00 X 179489 0 30562 ANTHONY SCARDINO ASSOCIATE PROFESSOR 45.00 X 161778 0 5275 CHRISTINE MIHAL DEAN 45.00 X 157071 0 28859 DAVID TURI ASSOCIATE DEAN 45.00 X 173327 0 14541 FRANCINE ANDREA VICE PRESIDENT, ADMINISTRA 45.00 X 186741 0 28832 STEPHANIE MCGOWAN DEAN 45.00 X 154612 0 6578 DR ANNE PRISCO FORMER PRESIDENT 45.00 X 370077 0 24832 1652347 0 169221 17 1 1 0 CHARTWELLS DINING SERVICES 2 INTERNATIONAL DR RYE BROOK NY 10573 DINING SEVICES 1479007 C&W FACILITY SERVICES INC 140 KENDRICK STREET BUILDING C WEST NEEDHAM MA 02494 FACILITY SERVICES 944406 ASSESSMENT TECHNOLOGIES INSTITUTE 11161 VOERBROOK RD LEAWOOD KS 66211 EDUCATIONAL SERVICES 692174 RM TUIT PAVING AND TRUCKING 113 EDWARD DR RINGWOOD NJ 07456 PAVING SERVICES 627253 DONNELLY CONSTRUCTION 557 RTE 23 WAYNE NJ 07470 CONSTRUCTION SERVICES 467633 20 4370603 631976 5002579 TUITION & FEES 611710 65176460 65176460 AUXILIARY ENTERPRISE 611710 3558092 3558092 68734552 341676 341676 170655 0 170655 170655 25155 145500 9463096 8296935 1166161 1166161 1166161 VARIOUS ADMIN FEES 900099 68746 68746 STUDY ABROAD REVENUE 900099 33635 33635 COMMISSIONS 900099 22229 22229 195094 195094 319704 75735327 69054256 25155 1653337 28788656 28788656 654976 570567 72195 12214 548335 478855 59162 10318 19874393 17356121 2144314 373958 592655 497065 86031 9559 2080487 1744925 302006 33556 1795422 1505837 260626 28959 697693 310663 219614 167416 87098 59517 26565 1016 106716 106716 108566 108566 920087 635068 275222 9797 527817 512834 1896 13087 3386589 2456090 870297 60202 422652 411055 4056 7541 5043782 4188130 775283 80369 38868 26014 12381 473 29910 21593 8159 158 551096 462209 79998 8889 48765 48765 3750502 3145583 544428 60491 456793 383117 66308 7368 FOOD SERVICES 1492608 1474129 17250 1229 MEMBERSHIPS, DUES & SUB 670488 533296 130508 6684 MISCELLANEOUS 506898 457841 43321 5736 STUDENT HEALTH CARE 213136 213136 73394988 66281066 6214902 899020 6604536 916156 2725176 6397026 1497873 2241853 4003692 4501444 4449503 684245 9425 12634 1127801 1319402 114619605 46988220 59864940 67631385 14747183 18351860 215617 258360 95245746 102314365 6285323 7083094 1474358 1519368 603308 575169 31824991 30892814 218897 2853635 40406877 42924080 X 42342046 44740003 12496823 14650282 54838869 59390285 95245746 102314365 2340339 2211077 0 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 6653 6653 0 PART II-B, LINE 1: THE UNIVERSITY PAYS DUES TO ICFNJ, A PORTION OF WHICH ARE USED FOR LOBBYING. 14818148 1481 3718914 633526 17905017 14102821 224437 1088575 597685 14818148 13706268 2583 984077 590107 14102821 12698538 435184 1142613 570067 13706268 11354834 320609 1521377 498282 12698538 0.39211 0.00000 0.60789 1 0 1361945 1361945 72026560 29075216 42951344 20101464 15822615 4278849 21129636 2090389 19039247 67631385 CREDIT LINE PROVIDENT BANK 50000 PROVIDENT BANK BUS LOAN 61931 SECURITY DEPOSITS 12500 US BANK PAYABLE 2729204 2853635 X 49157748 2211077 -28788656 -26577579 75735327 0 75735327 44606332 0 44606332 28788656 28788656 73394988 PART V, LINE 4: ENDOWMENTS ARE USED TO FUTHER THE ORGANIZATION'S EXEMPT PURPOSE. PART X, LINE 2: THE UNIVERSITY HAS NO UNRECOGNIZED TAX BENEFITS AT JUNE 30, 2021 AND 2020. THE UNIVERSITY'S FEDERAL AND STATE TAX FILINGS PRIOR TO FISCAL YEAR 2018 ARE CLOSED AND MANAGEMENT CONTINUALLY EVALUATES EXPIRING STATUTES OF LIMITATIONS, AUDITS, PROPOSED SETTLEMENTS, CHANGES IN TAX LAW AND NEW AUTHORITATIVE RULINGS. THE UNIVERSITY RECOGNIZES INTEREST AND PENALTIES ASSOCIATED WITH TAX MATTERS AS OPERATING EXPENSES AND INCLUDES ACCRUED INTEREST AND PENALTIES WITH ACCRUED EXPENSES IN THE STATEMENTS OF FINANCIAL POSITION. THERE WERE NO INTEREST AND PENALTIES PAID FOR THE YEARS ENDED JUNE 30, 2021 AND 2020. PART XI, LINE 2D - OTHER ADJUSTMENTS: SCHOLARSHIP EXPENSE -28,788,656. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIP EXPENSE 28,788,656. 1 1 0 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE UNIVERSITY DOES NOT MAKE A DIRECT STATEMENT REGARDING RACIAL DISCRIMINATION. THE UNIVERSITY'S STUDENT HANDBOOK CONTAINS THE FOLLOWING STATEMENT ON PAGE 2: "FELICIAN UNIVERSITY IS COMMITTED TO POLICIES AND PRACTICES THAT WILL ASSURE THAT THERE SHALL BE NO DISCRIMINATION AGAINST ANY PERSON ON THE GROUNDS OF RACE, COLOR, AGE, RELIGION, SEX, MARITAL STATUS, HANDICAP OR NATIONAL ORIGIN, WHICH PROVIDE EQUAL OPPORTUNITY FOR ALL QUALIFIED INDIVIDUALS." THE UNIVERSITY DOES NOT MAKE A DIRECT STATEMENT REGARDING RACIAL NONDISCRIMINATION IN NEWSPRINT. SCHEDULE E, PART I, LINE 6 FELICIAN UNIVERSITY RECEIVES FEDERAL AND STATE AID TO ASSIST OUR STUDENTS. 1 ADMISSIONS SCHOLARSHIPS 1742 24810629 FMV FINANCIAL AID/SCHOLARSHIP ATHLETIC SCHOLARSHIPS 172 1921209 FMV FINANCIAL AID/SCHOLARSHIP COHORT SCHOLARSHIPS 1 5537 FMV FINANCIAL AID/SCHOLARSHIP FFI GRANTS 37 244487 FMV FINANCIAL AID/SCHOLARSHIP MERIT AWARDS 292 864207 FMV FINANCIAL AID/SCHOLARSHIP RESTRICTED SCHOLARSHIPS 354 345370 FMV FINANCIAL AID/SCHOLARSHIP YELLOW RIBBON AWARDS 10 41842 FMV FINANCIAL AID/SCHOLARSHIP NEED BASED GRANTS 1 700 FMV FINANCIAL AID/SCHOLARSHIP PART I, LINE 2: THE UNIVERSITY HAS WRITTEN POLICIES REGARDING THE AWARDING OF SPECIFIC GRANTS AND SCHOLARSHIP FUNDS. SELECTION CRITERIA AND ELEGIBILITY IS DETERMINED BASED ON THE TYPE, PURPOSE, AND/OR RESTRICTION OF THE AWARD. AWARDS ARE APPLIED DIRECTLY TO STUDENT ACCOUNTS. X X X X 1 0 X X X X X 0 1 0 0 0 0 0 1 0 DR ANNE PRISCO FORMER PRESIDENT 328432 0 10000 0 31645 0 6573 0 18259 0 394909 0 0 0 FRANCINE ANDREA VICE PRESIDENT, ADMINISTRA 186741 0 0 0 0 0 7726 0 21106 0 215573 0 0 0 TOM TRUCHAN CFO & VP OF FINANCE 179489 0 0 0 0 0 7514 0 23048 0 210051 0 0 0 SYLVIA MCGEARY INTERIM PRESIDENT 184983 0 0 0 0 0 7176 0 10877 0 203036 0 0 0 DAVID TURI ASSOCIATE DEAN 173327 0 0 0 0 0 4196 0 10345 0 187868 0 0 0 CHRISTINE MIHAL DEAN 157071 0 0 0 0 0 6355 0 22504 0 185930 0 0 0 ANTHONY SCARDINO ASSOCIATE PROFESSOR 161778 0 0 0 0 0 3734 0 1541 0 167053 0 0 0 STEPHANIE MCGOWAN DEAN 154612 0 0 0 0 0 5847 0 731 0 161190 0 0 0 PART I, LINE 1A THE PRESIDENT RECEIVES ON-CAMPUS HOUSING WITH A FAIR MARKET VALUE OF $30,000. THIS AMOUNT IS A NON-TAXABLE BENEFIT INCLUDED ON SCHEDULE J PART II COLUMN D. IN ADDITION, THE UNIVERSITY ALSO PAID $2,953 OF UTILITIES FOR THE HOUSE, WHICH WAS ALSO INCLUDED IN PART II COLUMN D FOR THE FORMER AND INTERIM PRESIDENTS. PART I, LINE 4B THE PRESIDENT PARTICIPATED IN A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN. PART I, LINE 7 AMOUNTS IN COLUMN B(II) REPRESENT BONUS PAYMENTS. THESE AMOUNTS WERE APPROVED BY THE BOARD AND INCLUDED IN THE INDIVIUDAL'S W-2. A NEW JERSEY EDUCATIONAL FACILITIES AUTHORITY 221829511 2014-05-01 1000000 CAPITAL IMPROVEMENT BONDS 0 0 0 B NEW JERSEY EDUCATIONAL FACILITIES AUTHORITY 221829511 2016-12-01 250000 CAPITAL IMPROVEMENT BONDS 0 0 0 A 104819 465517 534483 465517 534483 2015 0 0 0 0 B 35529 250000 250000 0 0 0 0 A 0 0 0 0 0 0 1 B 0 0 0 0 0 0 1 A 0 0 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 0 0 A 1 B 1 FORM 990, PART VI, SECTION A, LINE 1 IN JUNE OF 2020, AS A RESULT OF THE CORONA VIRUS PANDEMIC, THE BOARD DELEGATE TO THE SPECIAL 2020 SUMMER/FALL COMMITTEE OF THE BOARD (THE "SPECIAL COMMITTEE") COMPLETE POWER AND AUTHORITY TO ACT ON BEHALF OF THE FULL BOARD DURING THE PERIOD JUNE 24, 2020, AND OCTOBER 12, 2020 (THE "2020 SUMMER/FALL PERIOD") FOR PURPOSES OF MAKING QUICK DECISIONS RELATING TO THE OPERATIONS AND ADMINISTRATION OF FELICIAN WITHOUT SUFFICIENT TIME TO CONVENE A MEETING OF THE FULL BOARD RELATING TO SUCH DECISIONS. FORM 990, PART VI, SECTION A, LINE 6 THE UNIVERSITY HAS A SOLE MEMBER, FELICIAN SERVICES, INC. FORM 990, PART VI, SECTION A, LINE 7A THE UNIVERSITY'S BOARD OF TRUSTEES IS COMPRISED OF 21 TRUSTEES OF WHICH 4 ARE REPRESENTATIVES OF THE CONGREGATION OF THE SISTERS OF ST. FELIX OF CANTALICE, OUR LADY OF HOPE PROVINCE, (THE "CONGREGATION"). THE CORPORATION'S SOLE MEMBER HOLDS A SET OF RESERVED POWERS THAT ARE FOUND IN THE BOARD'S BYLAWS. FORM 990, PART VI, SECTION A, LINE 7B THE UNIVERSITY'S BOARD OF TRUSTEES IS COMPRISED OF 21 TRUSTEES OF WHICH 4 ARE REPRESENTATIVES OF THE CONGREGATION OF THE SISTERS OF ST. FELIX OF CANTALICE, OUR LADY OF HOPE PROVINCE, (THE "CONGREGATION"). THE CORPORATION'S SOLE MEMBER HOLDS A SET OF RESERVED POWERS THAT ARE FOUND IN THE BOARD'S BYLAWS. FORM 990, PART VI, SECTION B, LINE 11B THE UNIVERSITY PROVIDES A COMPLETED FORM 990 TO ALL TRUSTEES WITH A SUFFICIENT AMOUNT OF TIME TO REVIEW PRIOR TO SUBMISSION TO THE IRS. FORM 990, PART VI, SECTION B, LINE 12C EACH TRUSTEE ANNUALLY SIGNS A STATEMENT WHICH AFFIRMS THAT SUCH PERSON HAS RECEIVED A COPY OF THE CONFLICT OF INTEREST POLICY, READ AND UNDERSTANDS THE POLICY AND HAS AGREED TO COMPLY WITH THE POLICY. FORM 990, PART VI, SECTION B, LINE 15 THE PRESIDENT DETERMINES THE SALARY FOR ALL THE OFFICERS AND TOP MANAGEMENT SUBJECT TO CONFIRMATION BY THE COMPENSATION COMMITTEE THAT THE SALARIES ARE REASONABLE TAKING INTO ACCOUNT SALARIES AT PEER INSTITUTIONS AND DATA PROVIDED BY A COMPENSATION CONSULTANT FOR EACH EMPLOYMENT POSITION. FORM 990, PART VI, SECTION C, LINE 19 THE UNIVERSITY MAINTAINS A PROCEDURE WHERE ANY PERSON REQUESTING INFORMATION ON THE UNIVERSITY'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, OR FINANCIAL STATEMENTS WILL BE REFERRED TO THE OFFICE OF THE VICE PRESIDENT FOR ADMINISTRATION, ENROLLMENT AND PLANNING. THE VICE PRESIDENT FOR ADMINISTRATION, ENROLLMENT AND PLANNING WILL DOCUMENT THE REQUEST AND WITHIN A REASONABLE AMOUNT OF TIME, MAKE COPIES AVAILABLE TO THE REQUESTOR IF APPROPRIATE. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS A COMMITTEE OF THE BOARD RESPONSIBLE FOR THE OVERSIGHT OF THE AUDIT AS WELL AS SELECTION OF THE INDEPENDENT ACCOUNTANT. FELICIAN SERVICES INC 3800 W PETERSON CHICAGO IL 60659 363685438 SOLE CORPORATE MEMBER IL 501(C)(3) LINE 1 THE CONGREGATION OF THE SISTERS OF ST FELIX OF CANTALICE OUR LADY OF HOPE 0 0 0 1 0 1 0 0 0 0 0 1 0 0 0 1 1 0 0 0 SCHEDULE R, PART II: THE REPORTING ORGANIZATION AND ITS RELATED ORGANIZATION ARE SPONSORED BY THE SISTERS OF ST. FELIX OF CANTALICE, OUR LADY OF HOPE PROVINCE, A RELIGIOUS INSTITUTE OF THE ROMAN CATHOLIC CHURCH.