2021-05-03T12:44:58-05:00 2020-06-30 KPMG LLP 345 PARK AVENUE NEW YORK NY 10154 990 2019-07-01 060646829 University of Saint Joseph % JONATHAN TUDRYN CONTROLLER/A UNIV 8602315220 1678 Asylum Avenue West Hartford CT 061172764 LUCY A LUCKER VP FIN & ADMIN 8602315220 2021-05-03 true DAVID M HIGHFILL P01517891 2127589700 2021-03-31 2019 2022-09-23 18:48:47Z RHONA C FREE 1678 Asylum Avenue West Hartford CT 061172791 92403690 false 0928 X www.usj.edu X 1925 CT THE UNIVERSITY PROVIDES A RIGOROUS LIBERAL ARTS & PROFESSIONAL EDUCATION FOR A DIVERSE STUDENT POPULATION & ENCOURAGES STRONG ETHICAL VALUES, INTEGRITY & RESP. TO SOCIETY. 29 28 1419 100 35633 0 4976074 6742342 79616139 79083502 782750 977004 1066102 971688 86441065 87774536 15978686 17272843 0 0 45820778 44947890 16000 0 1314106 20776060 21031219 82591524 83251952 3849541 4522584 94051380 105802494 39936380 52801494 54115000 53001000 X THE UNIVERSITY PROVIDES A RIGOROUS LIBERAL ARTS AND PROFESSIONAL EDUCATION FOR A DIVERSE STUDENT POPULATION. (SEE SCHEDULE O FOR THE ORGANIZATION'S MISSION.) false false 57417985 17272843 65629099 COLLEGE AND MASTERS/DOCTORAL PROGRAMS: SEE SCHEDULE O FOR PROGRAM DESCRIPTION. 11724000 13454403 MODEL SCHOOLS: SEE SCHEDULE O FOR PROGRAM DESCRIPTION. 69141985 true true false true false false false true false true true false false false true true true false true false false false true false false false false false true true true false false false false false false false false false false true true false false false true false false false true 230 0 true 1419 true true true false false false false true true false false false false false false X 29 28 false false false false true true true true true false false true true true true true true true false false AK CO DC KY MD MA MI NV NH NJ OK OR SC WA X JONATHAN TUDRYN CONTROLLERA 8602315405 1678 ASYLUM AVENUE WEST HARTFORD CT 06117 X RHONA C FREE PHD PRESIDENT, TRUSTEE 38.0 0.0 X X 334108 0 155698 SHAWN M HARRINGTON SENIOR VP, FINANCE & STRATEGY 38.0 0.0 X 387323 0 36187 JOSEPH OFOSU DEAN, SCHOOL OF PHARMACY 38.0 0.0 X 251758 0 28250 MICHELLE KALIS PROVOST 38.0 0.0 X 214394 0 34604 MARJORIE PINNEY VP, INSTITUTIONAL ADVANCEMENT 38.0 0.0 X 183359 0 46007 KENNETH BEDINI VP for Student Affairs 38.0 0.0 X 186026 0 21020 KIMBERLY CRONE VP for Enrollment Management 38.0 0.0 X 171393 0 19410 ELIZABETH FRANCIS-CONNOLLY Dean, School of Interdisciplin 38.0 0.0 X 167666 0 20000 LUCY LUCKER VP, Finance & Administration 38.0 0.0 X 157544 0 18977 ELIZABETH C BARTON JD CHAIR 1.0 0.0 X X 0 0 0 MANON COX PHD MBA TRUSTEE 1.0 0.0 X 0 0 0 SUZANNE DELIEE RSM BA BS TRUSTEE 1.0 0.0 X 0 0 0 MARTHA S GERVASI MBA TRUSTEE 1.0 0.0 X 0 0 0 MARION D GRIFFIN MS MBA TRUSTEE 1.0 0.0 X 0 0 0 PAUL IANNACCONE JD TRUSTEE 1.0 0.0 X 0 0 0 ROBERT KING BA TRUSTEE 1.0 0.0 X 0 0 0 PADDI LESHANE MBA TRUSTEE 1.0 0.0 X 0 0 0 THEA MONTANEZ BS TRUSTEE 1.0 0.0 X 0 0 0 CORNELIUS O'LEARY JD TRUSTEE 1.0 0.0 X 0 0 0 BREWSTER B PERKINS MBA SECRETARY 1.0 0.0 X X 0 0 0 PATRICIA J ROONEY RSM VICE CHAIR 1.0 0.0 X X 0 0 0 JOSEPH J SPALLUTO JD TRUSTEE 1.0 0.0 X 0 0 0 ROBERT STINGLE BS TRUSTEE 1.0 0.0 X 0 0 0 ELAINE M SWEENEY RSM PHD TRUSTEE 1.0 0.0 X 0 0 0 JR Carnegie-Hargreaves MPS TRUSTEE 1.0 0.0 X 0 0 0 Aelish Clifford TRUSTEE (BEGAN: 7/1/2019) 1.0 0.0 X 0 0 0 Andra Comer BA TRUSTEE 1.0 0.0 X 0 0 0 Mary Dickerson MBA TRUSTEE 1.0 0.0 X 0 0 0 Rohan A Freeman BS TRUSTEE 1.0 0.0 X 0 0 0 Eileen Hogan TRUSTEE (BEGAN: 7/1/2019) 1.0 0.0 X 0 0 0 Joette Katz TRUSTEES (BEGAN: 10/1/2019) 1.0 0.0 X 0 0 0 Sherry Manetta TRUSTEE (BEGAN 7/1/2019) 1.0 0.0 X 0 0 0 Elizabeth McAuliffe RSM EDD TRUSTEE 1.0 0.0 X 0 0 0 Jeanne B Merola BS TRUSTEE 1.0 0.0 X 0 0 0 Gerri A Roberts JD TRUSTEE 1.0 0.0 X 0 0 0 John F Rodis John MD TRUSTEE 1.0 0.0 X 0 0 0 James Wakim JD TRUSTEE 1.0 0.0 X 0 0 0 2053571 0 380153 45 false true false FIP Construction Inc 1536 New Britain Ave FARMINGTON CT 06032 Construction 7419774 AstroTurf Corporation 2680 Abutment Road DALTON GA 30721 Construction 1693513 Sodexo Operations LLC 9801 Washingtonian Blvd GAITHERSBURG MD 20878 Facility Management 1628765 Bon Appetit co Compass Group USA 2400 Yorkmont Road CHARLOTTE NC 28217 Food Services 1098030 JCJ Architecture 120 Huyshope Ave Suite 400 HARTFORD CT 06106 Construction 799544 27 3024483 3717859 41997 6742342 TUITION AND FEES 611710 62333048 62333048 MODEL SCHOOLS & EDUCATIONAL SERVICES 611710 13466323 13466323 RESIDENCE & DINING 611710 3284131 3284131 79083502 873402 873402 0 0 96251 96251 0 96251 96251 4732756 4552127 77027 180629 -77027 103602 103602 0 0 0 0 0 0 0 0 0 VENDOR REBATES & ALLOWANCES 900099 674204 674204 FITNESS CENTER REVENUE 713940 29073 29073 ARTS CENTER REVENUE 711190 59130 59130 113030 6560 106470 875437 87774536 79083502 35633 1913059 0 17254843 17254843 18000 18000 0 0 1216719 243085 902416 71218 0 33858980 28168906 4853176 836898 2664122 2216410 381862 65850 4777367 3974520 684764 118083 2430702 1968916 398855 62931 1670979 1503881 167098 132859 132859 165508 165508 0 0 140624 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922429 1119394 969653 4696828 0 0 544604 761685 916068 948815 839804 4010976 34987089 373609377 0.63322 0.68470 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false true false false false false false false true 789 789 false SCHEDULE C, PART II-B LOBBYING ACTIVITIES: THE UNIVERSITY OF SAINT JOSEPH BELONGS TO THE CONNECTICUT CONSORTIUM OF INDEPENDENT COLLEGES (CCIC), NATIONAL ASSOCIATION OF INDEPENDENT COLLEGES AND UNIVERSITIES, AND OTHER ACADEMIC ASSOCIATIONS, WHICH AT TIMES MAY ENGAGE IN LOBBYING ACTIVITIES. OF THE $23,403 PAID IN DUES TO CCIC, $579.10 (APPROXIMATELY 2.5%), WAS USED FOR LOBBYING, AND OF THE $3,000 PAID IN DUES TO NAICU, $210.00 (APPROXIMATELY 7.0%), WAS USED FOR LOBBYING. DURING THE YEAR ENDED JUNE 30, 2020, 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. 728485 X X X X X Teaching false 34781000 2339000 -691000 593744 393256 35442000 33519000 1226000 1147000 719961 391039 34781000 28710000 3754000 1574000 340290 178710 33519000 25789000 694000 3178000 595670 355330 28710000 26505000 423000 -191000 570008 377992 25789000 0.35910 0.64090 0.00000 false false 2522941 2522941 73865919 33110084 40755835 2479331 2249728 229603 26722075 21897275 4824800 15908617 5559042 10349575 58682754 0 CAPITAL LEASE OBLIGATION 111256 GOVERNMENT GRANTS REFUNDABLE 349729 INTEREST RATE SWAP LIABILITY 7342075 VENDOR INVESTMENT - SODEXO 3442965 ARO LIABILITY 2065487 13311512 X 65418000 -1571644 -20721295 -22292939 87710939 140624 -77027 63597 87774536 66532000 77027 77027 66454973 140624 16656355 16796979 83251952 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 2,100 WORKS OF ART. A PAINTINGS COLLECTION WHOSE STRENGTH IS IN AMERICAN ART OF THE TWENTIETH CENTURY, INCLUDING 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. 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 SEMINARS 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 218 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 FIN 48 FOOTNOTE: THE UNIVERSITY WAS GRANTED AN EXEMPT STATUS UNDER THE INTERNAL REVENUE CODE (IRC) SECTION 501(A), AS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3). UNDER IRC SECTION 501(A), THE UNIVERSITY IS GENERALLY EXEMPT FROM INCOME TAXES. THE UNIVERSITY BELIEVES IT HAS TAKEN NO SIGNIFICANT UNCERTAIN TAX POSITIONS. PART XI & XII RECONCILIATION OF REV & EXP PER AUDITED FINANCIAL STATEMENTS: PART XI, LINE 2D CHANGE IN FV OF INTEREST RATE SWAP (4,064,940) FINANCIAL AID (16,656,355) ------------- TOTAL (20,721,295) PART XI, LINE 4B LOSS ON DISPOSAL OF EQUIPMENT $(77,027) PART XII, LINE 2D LOSS ON DISPOSAL OF EQUIPMENT $(77,027) PART XII, LINE 4B FINANCIAL AID $16,656,355 true true true true true true true false false false false false false false false true false true SCHEDULE E, 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, LINE 6A GOVERNMENT AID: THE UNIVERSITY OF SAINT JOSEPH RECEIVES FINANCIAL AID OR ASSISTANCE FROM GOVERNMENTAL AGENCIES FOR THE BENEFIT OF THE UNIVERSITY'S STUDENTS. true Europe (Including Iceland and Greenland) Grantmaking 3000 East Asia and the Pacific Grantmaking 15000 18000 18000 SCHOLARSHIP Europe (Including Iceland and Greenland) 4 3000 TUITION RED SCHOLARSHIP East Asia and the Pacific 2 15000 TUITION RED false false false false false false SCHEDULE F, PART I, LINE 2 MONITORING THE USE OF GRANT FUNDS: THE UNIVERSITY'S GRANTS OUTSIDE 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. MCCALLISTER QUINN CONSULTING false AL AK AR CA CO CT DE DC FL GA HI ID IL IN IA KS KY LA ME MD MA MI MN MS MO MT NE NV NH NJ NM NY NC ND OH OK OR PA RI SC SD TN TX UT VT VA WA WV WI WY SCHEDULE G, PART II There were no fundraisers held by THE SCHOOL FOR YOUNG CHILDREN or the Gengras Center in FY20. Also, annually Institutional Advancement holds the Gala, but it didn't in FY20 due to the effects of COVID-19. true COLLEGE SCHOLARSHIPS & GRANTS 857 16675671 HEERF STUDENT AID 789 579172 SCHEDULE I, 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. SCHEDULE I, PART III, LINE 2 THE UNIVERSITY PROVIDED DIRECT EMERGENCY AID TO ELIGIBLE STUDENTS FOR THEIR EXPENSES RELATED TO THE DISRUPTION OF CAMPUS OPERATIONS DUE TO CORONAVIRUS. $579,172 WAS FUNDED BY THE HIGHER EDUCATION EMERGENCY RELIEF FUND (HEERF) ESTABLISHED UNDER THE CORONAVIRUS AID, RELIEF, AND ECONOMIC SECURITY ACT (CARES ACT). X X true true X X X false true false false false false false false false RHONA C FREE PHD PRESIDENT, TRUSTEE 329869 0 4239 105800 0 49898 0 489806 0 0 0 SHAWN M HARRINGTON SENIOR VP, FINANCE & STRATEGY 195323 0 192000 21641 0 14546 0 423510 0 180000 0 MICHELLE KALIS PROVOST 214394 0 0 0 23959 0 10645 0 248998 0 0 0 JOSEPH OFOSU DEAN, SCHOOL OF PHARMACY 251758 0 0 0 27693 0 557 0 280008 0 0 0 MARJORIE PINNEY VP, INSTITUTIONAL ADVANCEMENT 169610 0 0 13749 19492 0 26515 0 229366 0 0 0 LUCY LUCKER VP, Finance & Administration 157544 0 0 0 17376 0 1601 0 176521 0 0 0 KENNETH BEDINI VP for Student Affairs 186026 0 0 0 20463 0 557 0 207046 0 0 0 KIMBERLY CRONE VP for Enrollment Management 171393 0 0 0 18853 0 557 0 190803 0 0 0 ELIZABETH FRANCIS-CONNOLLY Dean, School of Interdisciplin 167666 0 0 0 19442 0 558 0 187666 0 0 0 SCHEDULE J, PART I, LINE 1 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. SCHEDULE J, PART I, QUESTION 1A HEALTH AND SOCIAL CLUB DUES: THE UNIVERSITY PAYS MEMBERSHIP DUES AT THE HARTFORD GOLF CLUB FOR THE PRESIDENT OF THE UNIVERSITY. THIS MEMBERSHIP ALLOWS THE PRESIDENT TO MEET WITH MEMBERS OF THE COMMUNITY TO PROMOTE THE AIMS OF THE UNIVERSITY. THE PRESIDENT REIMBURSES THE UNIVERSITY FOR ANY PERSONAL USE CHARGES, AND A PRO RATA PORTION OF CLUB DUES IS INCLUDED IN THE PRESIDENT'S W-2; THE AMOUNT IS REPORTED ON SCHEDULE J, PART II, COLUMN B (III). THE VICE PRESIDENT FOR INSTITUTIONAL ADVANCEMENT ALSO REPORTS TAXABLE CLUB DUES ON SCHEDULE J, PART II, COLUMN B (III). SCHEDULE J, 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 2019 DEFERRAL OF $75,000. THE UNIVERSITY INSTITUTED A 457(F) DEFERRED COMPENSATION PLAN WITH SHAWN HARRINGTON EFFECTIVE JULY 1, 2015. INCLUDED IN SCHEDULE J, PART II, COLUMN B (III) AND COLUMN F IS $180,000 FOR THE PLAN PAYOUT. A CHEFA 2013 SERIES C 060806186 2013-11-01 10800000 LAND PURCHASE AND REFUND SER. B false false false B CHEFA 2013 SERIES D 060806186 2013-11-01 10800000 LAND PURCH, CONST, AND REF SER B false false false C CHEFA 2018 SERIES E 060803186 2018-12-07 30000000 REN. ATH. & STUD. CTRS, REF. LOAN false false false A 2087824 0 10800000 0 0 0 200000 0 0 792000 9808000 0 2014 true false true true B 1662817 0 10800000 0 0 0 200000 0 0 6375593 4240000 0 2015 true false true true C 0 0 30000000 0 0 0 522429 0 0 7096288 3912098 18469185 false true false true A false false true false false 0 false false false true B false false true false false 0 false false false true C false false true false false 0 false false false true A false false false true true false 0 false 0 false true B false false false true false false 0 false 0 false true C false true false false true false 0 false 0 false true A true B true C true SCHEDULE K, PART II, LINE 11 OTHER SPENT PROCEEDS: OF THE AMOUNT RECORDED ON SCHEDULE K, PART II, LINE 11, COLUMN A, $8,465,000 WAS A CURRENT REFUNDING OF CHEFA SERIES B BOND ISSUED APRIL 3, 2008. $1,343,000 WAS A PAYMENT OF SWAP TERMINATION FEE. THE ENTIRE AMOUNT RECORDED ON SCHEDULE K, PART II, LINE 11, COLUMN B WAS A CURRENT REFUNDING OF CHEFA SERIES B BOND ISSUED APRIL 3, 2008. ENTIRE AMOUNT RECORDED ON SCHEDULE K, PART II, LINE 11, COLUMN C 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 II, LINE 12, COLUMN C CHEFA 2018 SERIES E: THE UNIVERSITY HAS CHOSEN TO DRAW DOWN THE CHEFA SERIES E ISSUANCE AS NEEDED TO FUND THE APPROPRIATE CAPITAL EXPENDITURES. MONTHLY INTEREST ONLY PAYMENTS BEGINNING JANUARY 1, 2019 AT A FLOATING RATE OF 78.7% OF 30-DAY LIBOR PLUS 1.65% THROUGH DECEMBER 1, 2020. MONTHLY PRINCIPAL AND INTEREST PAYMENTS BEGINNING DECEMBER 1, 2020 THROUGH DECEMBER 1, 2033 AT A FLOATING RATE OF 78.7% OF 30-DAY LIBOR PLUS 1.65%. FINAL MATURITY OF SERIES E IS ON DECEMBER 1, 2048. 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. SCHEDULE K, PART IV, LINE 2C ARBITRAGE CALCULATIONS: AN ARBITRAGE REBATE CALCULATION WAS PERFORMED OVER SERIES C & D BONDS LAST ON NOVEMBER 1, 2018 BY CHEFA. X 8 SEE PART II X 7 41997 FMV X AUCTION PRIZES 2 0 SEE PART II X OTHER - VARIOUS 3 0 SEE PART II 2 false true false SCHEDULE M, PART I 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 2020, THE UNIVERSITY RECEIVED 7 GIFTS OF MARKETABLE SECURITIES, VALUED AT $41,997.34; 8 ITEMS OF ARTWORK; 2 AUCTION ITEMS; AND 3 OTHER ITEMS, WHICH WERE RECORDED AT ZERO VALUE. Form 990, Part III, LINE 1 MISSION STATEMENT: 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 III, Line 4a COLLEGE AND MASTERS/DOCTORAL PROGRAMS: In June 2017, the University's Board of Trustees voted unanimously to make the undergraduate college coeducational, accepting men as students beginning with the 2018-2019 academic year. 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 mid-way between Boston and New York City. IN ADDITION TO THE UNDERGRADUATE COLLEGE WITH 832 STUDENTS ENROLLED, THE UNIVERSITY OF SAINT JOSEPH HAS A GRADUATE AND PROFESSIONAL STUDIES PROGRAM OFFERING MASTER'S DEGREES AND CERTIFICATES TO 1,199 STUDENTS; A WEEKEND PROGRAM SERVING 72 ADULT LEARNERS PURSUING THEIR BACCALAUREATE DEGREES; A DOCTOR OF NURSING PRACTICE PROGRAM WITH 10 STUDENTS ENROLLED IN 2019 AND A SCHOOL OF PHARMACY, LOCATED IN DOWNTOWN HARTFORD, CONNECTICUT, OFFERING A UNIQUE THREE-CALENDAR-YEAR DOCTORAL DEGREE (PHARM.D.) PROGRAM IN PHARMACY. IN 2019 THE SCHOOL HAD 210 STUDENTS. 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 NEW 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. IN 2019 THE PA PROGRAM HAD 75 STUDENTS. FORM 990, PART III, LINE 4B 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 2019 IT SERVED 135 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. IN MAY 2015 THE GENGRAS CENTER OPENED A NEW FACILITY, THE CENTER FOR APPLIED RESEARCH AND EDUCATION (CARE). WITH THIS EXPANDED CAPACITY, THE GENGRAS CENTER CAN NOW SERVE THE NEEDS OF STUDENTS WITH AUTISM SPECTRUM DISORDERS AND DEVELOPMENTAL DISABILITIES. THE 22,000 SQUARE FOOT FACILITY INCLUDES A GYM, ART ROOM, ADDITIONAL THERAPY SPACE, AND NEW CLASSROOMS SPECIFICALLY DESIGNED FOR STUDENTS WITH AUTISM. THE SCHOOL FOR YOUNG CHILDREN IS A NATIONALLY-ACCREDITED PRESCHOOL WHICH HAS BEEN SERVING CHILDREN SINCE 1936; IN 2019 IT ENROLLED 115 STUDENTS. IT SERVES AS A TRAINING PROGRAM FOR UNIVERSITY STUDENTS PURSUING CAREERS IN EARLY CHILDHOOD EDUCATION AND RELATED FIELDS. FORM 990, PART VI, QUESTION 6 ORGANIZATION'S MEMBERS: THE CONFERENCE FOR MERCY HIGHER EDUCATION, INC. ACTS AS A CORPORATE MEMBER OF THE UNIVERSITY OF SAINT JOSEPH. FORM 990, PART VI, QUESTION 7A ROLE OF SISTERS OF MERCY: ELECTION TO THE BOARD OF TRUSTEES IS BY MAJORITY VOTE OF THE UNICAMERAL BODY, WHICH CONSISTS OF THE BOARD OF TRUSTEES, AND ONE PERSON DESIGNATED BY THE MEMBER OF THE CORPORATION (THE CONFERENCE FOR MERCY HIGHER EDUCATION, INC., A MARYLAND NON-STOCK, NOT-FOR-PROFIT CORPORATION, ACTING BY AND THROUGH ITS DULY CONSTITUTED AND AUTHORIZED OFFICERS). FORM 990, PART VI, QUESTION 7B MEMBER ACTIONS: THE FOLLOWING ACTIONS REQUIRE AN AFFIRMATIVE VOTE BY THE MEMBER OF THE CORPORATION (THE CONFERENCE FOR MERCY HIGHER EDUCATION, INC.) IN ORDER TO BE VALID: *DISSOLUTION OF THE CORPORATION, OR CESSATION OF OPERATION AS A UNIVERSITY AND INSTITUTION OF HIGHER EDUCATION; *SALE OF LAND; *SALE, LEASE, EXCHANGE, MORTGAGE, PLEDGE, OR ANY OTHER DISPOSITION OF OTHER ASSETS OR PROPERTY OF THE CORPORATION, IN OTHER THAN THE ORDINARY COURSE OF BUSINESS; AND *APPOINTMENT OR REMOVAL OF THE PRESIDENT OF THE UNIVERSITY IS BY MAJORITY VOTE OF THE UNICAMERAL BODY, WHICH CONSISTS OF THE BOARD OF TRUSTEES AND ONE PERSON DESIGNATED BY THE MEMBER OF THE CORPORATION (THE CONFERENCE FOR MERCY HIGHER EDUCATION, INC.). MAJORITY VOTE OF THE UNICAMERAL BODY, WHICH CONSISTS OF THE BOARD OF TRUSTEES AND ONE PERSON DESIGNATED BY THE MEMBER OF THE CORPORATION (THE CONFERENCE FOR MERCY HIGHER EDUCATION, INC.) FORM 990, PART VI, QUESTION 11A 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, QUESTION 12 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, QUESTIONS 15A AND SCHEDULE J PART I, QUESTION 3 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 990S; 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, 2019. FORM 990, PART VI, LINE 19 PUBLIC DISCLOSURE: THE ORGANIZATION'S FORM 990, GOVERNING DOCUMENTS, AND AUDITED FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. 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 OTHER CHANGES IN NET ASSETS OR FUND BALANCES: CHANGE IN FV OF INTEREST RATE SWAP $(4,064,940) CONFERENCE FOR MERCY HIGHER EDUCATION 8380 COLESVILL RD SUITE 300 SILVER SPRING MD 20910 431973007 EDUCATION MD 501(C)(3) 1 NA false false false false false false false false false false false false false false false false false false false false