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FAIRFIELD UNIVERSITY: Form 990, tax year 2019

View the entire original 990 at ProPublica ↗

Organization
FAIRFIELD UNIVERSITY (EIN 06-0646623)
Tax period
2019-07-01 to 2020-06-30
Filed
2021-05-14
IRS object ID
202101349349308055
Schema version
2019v5.1
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2021-05-14T20:56:36-05:00ReturnTs
Tax Period End2020-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1KPMG LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1345 Park AvenueAddressLine1Txt
CityNew YorkCityNm
State AbbreviationNYStateAbbreviationCd
ZIP101540102ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2019-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN060646623EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1Fairfield UniversityBusinessNameLine1Txt
FieldValueIRS element (for citing)
In Care Of% Michael TrafecanteInCareOfNm
Business Name ControlFAIRBusinessNameControlTxt
Phone2032544000PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11073 North Benson RoadAddressLine1Txt
CityFairfieldCityNm
State AbbreviationCTStateAbbreviationCd
ZIP06824ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonMICHAEL TRAFECANTEPersonNm
Person TitleVP FOR FINANCEPersonTitleTxt
Phone2032544000PhoneNum
Signature2021-05-13SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonPHILLIP GROFFPreparerPersonNm
PTINP01247783PTIN
Phone2127589700PhoneNum
Preparation2021-05-12PreparationDt
FieldValueIRS element (for citing)
Tax2019TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerMark R Nemec PHDPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line11073 North Benson RoadAddressLine1Txt
CityFairfieldCityNm
State AbbreviationCTStateAbbreviationCd
ZIP06824ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$427,840,941GrossReceiptsAmt
Group Return For AffiliatesfalseGroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website Addresswww.Fairfield.eduWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1942FormationYr
Legal Domicile StateCTLegalDomicileStateCd
Activity Or MissionFAIRFIELD'S MISSION IS TO DEVELOP THE CREATIVE INTELLECTUAL POTENTIAL OF ITS STUDENTS AND TO FOSTER IN THEM ETHICAL AND RELIGIOUS VALUES AND A SENSE OF SOCIAL RESPONSIBILITY.ActivityOrMissionDesc
Voting Members Governing Body31VotingMembersGoverningBodyCnt
Voting Members Independent30VotingMembersIndependentCnt
Total Employee3393TotalEmployeeCnt
Total Volunteers650TotalVolunteersCnt
Total Gross UBI$110,633TotalGrossUBIAmt
PY Contributions Grants$32,013,407PYContributionsGrantsAmt
CY Contributions Grants$42,818,387CYContributionsGrantsAmt
PY Program Service Revenue$292,687,181PYProgramServiceRevenueAmt
CY Program Service Revenue$292,896,855CYProgramServiceRevenueAmt
PY Investment Income$53,133,930PYInvestmentIncomeAmt
CY Investment Income$25,627,460CYInvestmentIncomeAmt
PY Other Revenue$579,007PYOtherRevenueAmt
CY Other Revenue$401,787CYOtherRevenueAmt
PY Total Revenue$378,413,525PYTotalRevenueAmt
CY Total Revenue$361,744,489CYTotalRevenueAmt
PY Grants And Similar Paid$86,172,784PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$93,000,271CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$126,728,124PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$129,444,901CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$353,228PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$133,339CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$7,919,927CYTotalFundraisingExpenseAmt
PY Other Expenses$97,622,807PYOtherExpensesAmt
CY Other Expenses$93,667,238CYOtherExpensesAmt
PY Total Expenses$310,876,943PYTotalExpensesAmt
CY Total Expenses$316,245,749CYTotalExpensesAmt
PY Revenues Less Expenses$67,536,582PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$45,498,740CYRevenuesLessExpensesAmt
Total Assets BOY$950,209,678TotalAssetsBOYAmt
Total Assets EOY$941,659,821TotalAssetsEOYAmt
Total Liabilities BOY$336,428,395TotalLiabilitiesBOYAmt
Total Liabilities EOY$322,583,237TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$613,781,283NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$619,076,584NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionA FAIRFIELD UNIVERSITY EDUCATION HAS BECOME MORE INTEGRATED IN FOCUS, MORE GLOBAL IN OUTLOOK, AND MORE INTERNATIONAL IN ITS STRUCTURE THAN EVER BEFORE IN THE JESUIT TRADITION. SEE SCHEDULE O.MissionDesc
Significant New Program SrvcfalseSignificantNewProgramSrvcInd
Significant ChangefalseSignificantChangeInd
Expense$226,879,404ExpenseAmt
Grant$93,000,271GrantAmt
Revenue$248,467,245RevenueAmt
DescFAIRFIELD UNIVERSITY IS AN INSTITUTE OF HIGHER LEARNING WITH UNDERGRADUATE, GRADUATE, AND CONTINUING EDUCATION ACADEMIC PROGRAMS INCLUDING STUDENTS RESIDING ON CAMPUS. SEE SCHEDULE O.Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
Expense$37,995,682ExpenseAmt
Revenue$39,266,167RevenueAmt
DescROOM & BOARD. SEE SCHEDULE O.Desc

Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp

FieldValueIRS element (for citing)
Expense$2,519,175ExpenseAmt
Revenue$5,049,566RevenueAmt
DescOTHER ACTIVITIES. A VARIETY OF STUDENT SERVICES INCLUDING ARTS AND ENTERTAINMENT AT THE QUICK CENTER, STUDENT ACTIVITIES FOR CLUB SPORTS, AND OTHER ITEMS.Desc
FieldValueIRS element (for citing)
Total Program Service Expenses$267,394,261TotalProgramServiceExpensesAmt
Described In Section501c3Yes (true)DescribedInSection501c3Ind
Schedule B RequiredYes (true)ScheduleBRequiredInd
Political Campaign ActyfalsePoliticalCampaignActyInd
Lobbying ActivitiesYes (true)LobbyingActivitiesInd
Subject To Proxy TaxfalseSubjectToProxyTaxInd
Donor Advised FundfalseDonorAdvisedFundInd
Conservation EasementsYes (true)ConservationEasementsInd
Collections Of ArtYes (true)CollectionsOfArtInd
Credit CounselingfalseCreditCounselingInd
Donor Rstr Or Quasi EndowmentsYes (true)DonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (true)ReportLandBuildingEquipmentInd
Report Investments Other SecYes (true)ReportInvestmentsOtherSecInd
Report Program Related InvstfalseReportProgramRelatedInvstInd
Report Other AssetsfalseReportOtherAssetsInd
Report Other LiabilitiesfalseReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (true)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (true)IndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtfalseConsolidatedAuditFinclStmtInd
School OperatingYes (true)SchoolOperatingInd
Foreign OfficeYes (true)ForeignOfficeInd
Foreign ActivitiesYes (true)ForeignActivitiesInd
More Than5000 K To OrgfalseMoreThan5000KToOrgInd
More Than5000 K To IndividualsYes (true)MoreThan5000KToIndividualsInd
Professional FundraisingYes (true)ProfessionalFundraisingInd
Fundraising ActivitiesYes (true)FundraisingActivitiesInd
Gaming ActivitiesfalseGamingActivitiesInd
Operate HospitalfalseOperateHospitalInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Grants To IndividualsYes (true)GrantsToIndividualsInd
Schedule J RequiredYes (true)ScheduleJRequiredInd
Tax Exempt BondsYes (true)TaxExemptBondsInd
Invest Tax Exempt BondsfalseInvestTaxExemptBondsInd
Escrow AccountfalseEscrowAccountInd
On Behalf Of IssuerfalseOnBehalfOfIssuerInd
Engaged In Excess Benefit TransfalseEngagedInExcessBenefitTransInd
PY Excess Benefit TransfalsePYExcessBenefitTransInd
Loan OutstandingfalseLoanOutstandingInd
Grant To Related PersonfalseGrantToRelatedPersonInd
Business Rln With Org MemfalseBusinessRlnWithOrgMemInd
Business Rln With Fam MemfalseBusinessRlnWithFamMemInd
Business Rln With35 Ctrl EntfalseBusinessRlnWith35CtrlEntInd
Deductible Non Cash ContriYes (true)DeductibleNonCashContriInd
Deductible Art ContributionYes (true)DeductibleArtContributionInd
Terminate OperationsfalseTerminateOperationsInd
Partial LiquidationfalsePartialLiquidationInd
Disregarded EntityfalseDisregardedEntityInd
Related EntityfalseRelatedEntityInd
Related Organization Ctrl EntfalseRelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd OrgfalseTrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted PrtshpfalseActivitiesConductedPrtshpInd
Schedule O RequiredYes (true)ScheduleORequiredInd
Info In Schedule O Part VYes (X)InfoInScheduleOPartVInd
IRP Document6827IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (true)BackupWthldComplianceInd
Employee3393EmployeeCnt
Employment Tax Returns FiledYes (true)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over LimitYes (true)UnrelatedBusIncmOverLimitInd
Form990 T FiledYes (true)Form990TFiledInd
Foreign Financial AccountYes (true)ForeignFinancialAccountInd
Foreign CountryITForeignCountryCd
Foreign CountryUKForeignCountryCd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Taxable Party NotificationfalseTaxablePartyNotificationInd
Nondeductible ContributionsfalseNondeductibleContributionsInd
Quid Pro Quo ContributionsYes (true)QuidProQuoContributionsInd
Quid Pro Quo Contri DisclYes (true)QuidProQuoContriDisclInd
Form8282 Property Disposed OffalseForm8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Indoor Tanning ServicesfalseIndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst IncfalseSubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members31GoverningBodyVotingMembersCnt
Independent Voting Member30IndependentVotingMemberCnt
Family Or Business RlnfalseFamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesfalseDelegationOfMgmtDutiesInd
Change To Org DocumentsfalseChangeToOrgDocumentsInd
Material Diversion Or MisusefalseMaterialDiversionOrMisuseInd
Members Or StockholdersfalseMembersOrStockholdersInd
Election Of Board MembersfalseElectionOfBoardMembersInd
Decisions Subject To ApprovafalseDecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (true)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (true)MinutesOfCommitteesInd
Officer Mailing AddressfalseOfficerMailingAddressInd
Local ChaptersfalseLocalChaptersInd
Form990 Provided To Gvrn BodyYes (true)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (true)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (true)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (true)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (true)WhistleblowerPolicyInd
Document Retention PolicyYes (true)DocumentRetentionPolicyInd
Compensation Process CEOYes (true)CompensationProcessCEOInd
Compensation Process OtherYes (true)CompensationProcessOtherInd
Investment In Joint VenturefalseInvestmentInJointVentureInd
States Where Copy Of Return Is FldCTStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonMichael TrafecantePersonNm
Phone2032544000PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11073 North Benson RoadAddressLine1Txt
CityFairfieldCityNm
State AbbreviationCTStateAbbreviationCd
ZIP06824ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (42 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtAverage Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtKey EmployeeKeyEmployeeIndHighest Compensated EmployeeHighestCompensatedEmployeeInd
MARK R NEMEC
PRESIDENT45.00.0Yes (X)Yes (X)$608,862$0$127,343
KEVIN LAWLOR
EXECUTIVE VICE PRESIDENT45.00.0$438,315$0$166,731Yes (X)
SYDNEY JOHNSON
HEAD MBB COACH (thru 4-30-19)45.00.0$489,303$0$30,453Yes (X)
MICHAEL TRAFECANTE
TREASURER45.00.0Yes (X)$309,175$0$155,110
CHRISTINE SIEGEL
PROVOST & SR VP ACADEMICS45.00.0$366,795$0$65,830Yes (X)
WALTER HALAS
VP OF ADVANCEMENT45.00.0$330,852$0$68,025Yes (X)
Zhan Li
DEAN, SCHOOL OF BUSINESS45.00.0$353,642$0$39,350Yes (X)
PAUL SCHLICKMANN
DIRECTOR OF ATHLETICS45.00.0$307,606$0$65,200Yes (X)
JOHN YOUNG
HEAD MBB COACH45.00.0$315,520$0$42,544Yes (X)
RICHARD GREENWALD
DEAN, SCHOOL OF CAS45.00.0$238,526$0$60,896Yes (X)
KRISTINE CARROLL
SECRETARY45.00.0Yes (X)$72,447$0$47,326
NANCY A ALTOBELLO
TRUSTEE5.00.0Yes (X)$0$0$0
REV JOHN F BALDOVIN SJ
TRUSTEE1.00.0Yes (X)$0$0$0
MARK J BECKWITH
TRUSTEE5.00.0Yes (X)$0$0$0
JOSEPH R BRONSON
TRUSTEE1.00.0Yes (X)$0$0$0
KEVIN P CANNON
TRUSTEE1.00.0Yes (X)$0$0$0
CARLOS M CARDOSO
TRUSTEE5.00.0Yes (X)$0$0$0
FRANK J CARROLL III
TRUSTEE5.00.0Yes (X)$0$0$0
REV GEORGE E COLLINS
TRUSTEE1.00.0Yes (X)$0$0$0
WILLIAM C CRAGER
TRUSTEE1.00.0Yes (X)$0$0$0
MARY RYAN CUNNINGHAM
TRUSTEE1.00.0Yes (X)$0$0$0
SHEILA KEARNEY DAVIDSON
TRUSTEE5.00.0Yes (X)$0$0$0
CHRISTOPHER C DESMARAIS
TRUSTEE5.00.0Yes (X)$0$0$0
REV TERRENCE P DEVINO SJ
Trustee (thru 9-26-19)1.00.0Yes (X)$0$0$0
Patricia E Glassford
trustee1.00.0Yes (X)$0$0$0
DOUGLAS W HAMMOND
TRUSTEE1.00.0Yes (X)$0$0$0
BRIAN P HULL
TRUSTEE1.00.0Yes (X)$0$0$0
REV GREGORY A KALSCHEUR SJ
TRUSTEE1.00.0Yes (X)$0$0$0
CLAIRE M KNOPF
TRUSTEE1.00.0Yes (X)$0$0$0
STEPHEN M LESSING
TRUSTEE1.00.0Yes (X)$0$0$0
SHELAGH MAHONEY-MCNAMEE
trustee1.00.0Yes (X)$0$0$0
ANDREW J MCMAHON
TRUSTEE5.00.0Yes (X)$0$0$0
JOHN C MEDITZ
TRUSTEE1.00.0Yes (X)$0$0$0
ELNER L MORRELL
TRUSTEE1.00.0Yes (X)$0$0$0
ROBERT MURPHY JR
TRUSTEE5.00.0Yes (X)$0$0$0
GAVIN G O'CONNOR
TRUSTEE1.00.0Yes (X)$0$0$0
BIFF J O'REILLY
TRUSTEE5.00.0Yes (X)$0$0$0
REV STEPHEN A PRIVETT SJ
TRUSTEE5.00.0Yes (X)$0$0$0
CHRISTOPHER C QUICK
TRUSTEE1.00.0Yes (X)$0$0$0
KATIE JACOBS ROBINSON
TRUSTEE1.00.0Yes (X)$0$0$0
ROSELLEN WALSH SCHNURR
TRUSTEE5.00.0Yes (X)$0$0$0
REV MICHAEL F TUNNEY SJ
TRUSTEE (as of 7-1-2019)1.00.0Yes (X)$0$0$0
FieldValueIRS element (for citing)
Total Reportable Comp From Org$3,831,043TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$868,808TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K244IndivRcvdGreaterThan100KCnt
Former Ofcr Employees ListedfalseFormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (true)TotalCompGreaterThan150KInd
Compensation From Other SrcsYes (true)CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (5 entries)

Address Line1ContractorAddress/USAddress/AddressLine1TxtCityContractorAddress/USAddress/CityNmState AbbreviationContractorAddress/USAddress/StateAbbreviationCdZIPContractorAddress/USAddress/ZIPCdServicesServicesDescCompensationCompensationAmt
GILBANE BUILDING COMPANY
7 JACKSON WALKWAYPROVIDENCERI02903CONSTRUCTION$18,239,994
SODEXO OPERATIONS LLC
PO BOX 352BUFFALONY14240DINING SERVICE$11,608,909
WHITING TURNER CONTRACTING CO
195 CHURCH STREETNEW HAVENCT06510CONSTRUCTION$10,455,609
CONSIGLI CONSTRUCTION INC
100 ALLYN ST FL 4HARTFORDCT06103CONSTRUCTION$8,228,671
CALDWELL WALSH BUILDING CONSTRUCT
17 BERSHIRE ROADSANDY HOOKCT06482CONSTRUCTION$8,105,286
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K110CntrctRcvdGreaterThan100KCnt
Fundraising$3,354FundraisingAmt
Government Grants$4,946,466GovernmentGrantsAmt
All Other Contributions$37,868,567AllOtherContributionsAmt
Noncash Contributions$7,742,607NoncashContributionsAmt
Total Contributions$42,818,387TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (4 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmtUnrelated Business RevenueUnrelatedBusinessRevenueAmt
Tuition & Fees611600$248,467,245$248,467,245
Auxiliary Services721000$39,266,167$39,266,167
Other Program Services900099$3,955,367$3,955,367
Summer Conferences900099$1,208,076$1,094,199$113,877
FieldValueIRS element (for citing)
Total Program Service Revenue$292,896,855TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$12,887,358TotalRevenueColumnAmt
Unrelated Business Revenue-$3,569UnrelatedBusinessRevenueAmt
Exclusion$12,890,927ExclusionAmt

Incm From Invest Bond Proceeds IncmFromInvestBondProceedsGrp

FieldValueIRS element (for citing)
Total Revenue Column$0TotalRevenueColumnAmt

Royalties Revenue RoyaltiesRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$0TotalRevenueColumnAmt

Gross Rents GrossRentsGrp

FieldValueIRS element (for citing)
Real$1,240,049RealAmt

Less Rental Expenses LessRentalExpensesGrp

FieldValueIRS element (for citing)
Real$838,262RealAmt

Rental Income Or Loss RentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Real$401,787RealAmt
Personal$0PersonalAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column$401,787TotalRevenueColumnAmt
Unrelated Business Revenue$325UnrelatedBusinessRevenueAmt
Exclusion$401,462ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$77,872,310SecuritiesAmt
Other$89,486OtherAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$65,092,409SecuritiesAmt
Other$129,285OtherAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities$12,779,901SecuritiesAmt
Other-$39,799OtherAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$12,740,102TotalRevenueColumnAmt
Exclusion$12,740,102ExclusionAmt
FieldValueIRS element (for citing)
Fundraising Gross Income$36,496FundraisingGrossIncomeAmt
Contri Rpt Fundraising Event$3,354ContriRptFundraisingEventAmt
Fundraising Direct Expenses$36,496FundraisingDirectExpensesAmt
Gaming Gross Income$0GamingGrossIncomeAmt
Gaming Direct Expenses$0GamingDirectExpensesAmt

Net Income From Gaming NetIncomeFromGamingGrp

FieldValueIRS element (for citing)
Total Revenue Column$0TotalRevenueColumnAmt
FieldValueIRS element (for citing)
Gross Sales Of Inventory$0GrossSalesOfInventoryAmt
Cost Of Goods Sold$0CostOfGoodsSoldAmt

Net Income Or Loss NetIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column$0TotalRevenueColumnAmt
FieldValueIRS element (for citing)
Other Revenue Total$0OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$361,744,489TotalRevenueColumnAmt
Related Or Exempt Func Income$292,782,978RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$110,633UnrelatedBusinessRevenueAmt
Exclusion$26,032,491ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$88,188,532TotalAmt
Program Services$88,188,532ProgramServicesAmt

Foreign Grants ForeignGrantsGrp

FieldValueIRS element (for citing)
Total$4,811,739TotalAmt
Program Services$4,811,739ProgramServicesAmt

Benefits To Members BenefitsToMembersGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$2,786,095TotalAmt
Program Services$1,214,158ProgramServicesAmt
Management And General$1,302,329ManagementAndGeneralAmt
Fundraising$269,608FundraisingAmt

Comp Disqual Persons CompDisqualPersonsGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$92,795,903TotalAmt
Program Services$74,265,966ProgramServicesAmt
Management And General$14,047,962ManagementAndGeneralAmt
Fundraising$4,481,975FundraisingAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$6,888,309TotalAmt
Program Services$4,915,183ProgramServicesAmt
Management And General$1,569,748ManagementAndGeneralAmt
Fundraising$403,378FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$20,156,829TotalAmt
Program Services$12,027,741ProgramServicesAmt
Management And General$7,307,591ManagementAndGeneralAmt
Fundraising$821,497FundraisingAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$6,817,765TotalAmt
Program Services$5,131,572ProgramServicesAmt
Management And General$1,343,322ManagementAndGeneralAmt
Fundraising$342,871FundraisingAmt

Fees For Services Management FeesForServicesManagementGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$774,333TotalAmt
Program Services$33,569ProgramServicesAmt
Management And General$740,764ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$250,655TotalAmt
Program Services$130ProgramServicesAmt
Management And General$250,525ManagementAndGeneralAmt

Fees For Services Lobbying FeesForServicesLobbyingGrp

FieldValueIRS element (for citing)
Total$266TotalAmt
Management And General$266ManagementAndGeneralAmt

Fees For Services Prof Fundraising FeesForServicesProfFundraising

FieldValueIRS element (for citing)
Total$133,339TotalAmt
Fundraising$133,339FundraisingAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

FieldValueIRS element (for citing)
Total$204,744TotalAmt
Management And General$204,744ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$12,783,827TotalAmt
Program Services$11,655,411ProgramServicesAmt
Management And General$1,115,991ManagementAndGeneralAmt
Fundraising$12,425FundraisingAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$1,489,861TotalAmt
Program Services$388,825ProgramServicesAmt
Management And General$1,051,950ManagementAndGeneralAmt
Fundraising$49,086FundraisingAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$6,633,823TotalAmt
Program Services$5,390,805ProgramServicesAmt
Management And General$753,235ManagementAndGeneralAmt
Fundraising$489,783FundraisingAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$4,584,783TotalAmt
Program Services$1,500,561ProgramServicesAmt
Management And General$3,026,731ManagementAndGeneralAmt
Fundraising$57,491FundraisingAmt

Royalties RoyaltiesGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$8,011,237TotalAmt
Program Services$8,010,993ProgramServicesAmt
Fundraising$244FundraisingAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$4,804,089TotalAmt
Program Services$3,892,503ProgramServicesAmt
Management And General$510,392ManagementAndGeneralAmt
Fundraising$401,194FundraisingAmt

Pymt Travel Entrtnmnt Pub Ofcl PymtTravelEntrtnmntPubOfclGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$216,393TotalAmt
Program Services$157,489ProgramServicesAmt
Management And General$39,921ManagementAndGeneralAmt
Fundraising$18,983FundraisingAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$11,425,167TotalAmt
Program Services$10,737,682ProgramServicesAmt
Management And General$657,667ManagementAndGeneralAmt
Fundraising$29,818FundraisingAmt

Payments To Affiliates PaymentsToAffiliatesGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$22,282,847TotalAmt
Program Services$20,865,402ProgramServicesAmt
Management And General$1,261,218ManagementAndGeneralAmt
Fundraising$156,227FundraisingAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$1,139,851TotalAmt
Program Services$192,025ProgramServicesAmt
Management And General$947,344ManagementAndGeneralAmt
Fundraising$482FundraisingAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmtFundraisingFundraisingAmt
Maintenance and Equipment$4,873,018$3,956,179$844,087$72,752
STUDY ABROAD$4,799,497$4,799,497
CONSULTANTS & HONORARIA$4,138,763$2,248,695$1,807,476$82,592
Library Acquisitions$949,769$949,581$188

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$4,304,315TotalAmt
Program Services$2,060,023ProgramServicesAmt
Management And General$2,148,110ManagementAndGeneralAmt
Fundraising$96,182FundraisingAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$316,245,749TotalAmt
Program Services$267,394,261ProgramServicesAmt
Management And General$40,931,561ManagementAndGeneralAmt
Fundraising$7,919,927FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$2,542BOYAmt
EOY$318EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$53,018,232BOYAmt
EOY$76,579,213EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$38,326,175BOYAmt
EOY$37,015,242EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$3,317,982BOYAmt
EOY$2,281,327EOYAmt

Receivables From Officers Etc ReceivablesFromOfficersEtcGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Rcvbl From Disqualified Prsn RcvblFromDisqualifiedPrsnGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Inventories For Sale Or Use InventoriesForSaleOrUseGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$737,575,612LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$281,771,639LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$426,963,551BOYAmt
EOY$455,803,973EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$326,520,552BOYAmt
EOY$287,124,280EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

FieldValueIRS element (for citing)
BOY$71,358,169BOYAmt
EOY$77,551,274EOYAmt

Investments Program Related InvestmentsProgramRelatedGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Intangible Assets IntangibleAssetsGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$30,702,475BOYAmt
EOY$5,304,194EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$950,209,678BOYAmt
EOY$941,659,821EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$45,281,526BOYAmt
EOY$36,842,775EOYAmt

Grants Payable GrantsPayableGrp

FieldValueIRS element (for citing)
BOY$2,340,889BOYAmt
EOY$2,049,330EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$15,028,913BOYAmt
EOY$17,957,569EOYAmt

Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$273,777,067BOYAmt
EOY$265,733,563EOYAmt

Escrow Account Liability EscrowAccountLiabilityGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Loans From Officers Directors LoansFromOfficersDirectorsGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$336,428,395BOYAmt
EOY$322,583,237EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$310,102,637BOYAmt
EOY$338,254,777EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$303,678,646BOYAmt
EOY$280,821,807EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$613,781,283BOYAmt
EOY$619,076,584EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$950,209,678BOYAmt
EOY$941,659,821EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part XIYes (X)InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss$45,498,740ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst-$39,768,481NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets-$434,958OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or ReviewfalseAccountantCompileOrReviewInd
FS AuditedYes (true)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (true)AuditCommitteeInd
Federal Grant Audit RequiredYes (true)FederalGrantAuditRequiredInd
Federal Grant Audit PerformedYes (true)FederalGrantAuditPerformedInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
SchoolYes (X)SchoolInd

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$29,550,321CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$64,155,723CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$23,956,109CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$31,903,407CurrentTaxYearMinus1YearAmt
Current Tax Year$42,818,387CurrentTaxYearAmt
Total$192,383,947TotalAmt

Tax Rev Levied Orgnztnl Bnft170 TaxRevLeviedOrgnztnlBnft170Grp

FieldValueIRS element (for citing)
Total$0TotalAmt

Govt Furn Srvc Fclts Vl170 GovtFurnSrvcFcltsVl170Grp

FieldValueIRS element (for citing)
Total$0TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$29,550,321CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$64,155,723CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$23,956,109CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$31,903,407CurrentTaxYearMinus1YearAmt
Current Tax Year$42,818,387CurrentTaxYearAmt
Total$192,383,947TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$44,479,734SubstantialContributorsTotAmt
Public Support Total170$147,904,213PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$5,617,104CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$5,071,659CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$8,509,434CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$7,971,642CurrentTaxYearMinus1YearAmt
Current Tax Year$14,130,651CurrentTaxYearAmt
Total$41,300,490TotalAmt

Unrelated Business Net Incm170 UnrelatedBusinessNetIncm170Grp

FieldValueIRS element (for citing)
Total$0TotalAmt

Other Income170 OtherIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$409,033CurrentTaxYearMinus4YearsAmt
Total$409,033TotalAmt
FieldValueIRS element (for citing)
Total Support$234,093,470TotalSupportAmt
Gross Receipts Rltd Activities$1,374,150,209GrossReceiptsRltdActivitiesAmt
Public Support CY1700.63182PublicSupportCY170Pct
Public Support PY1700.63770PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule C IRS990ScheduleC

FieldValueIRS element (for citing)
Total Grassroots LobbyingTotalGrassrootsLobbyingGrp
Total Direct LobbyingTotalDirectLobbyingGrp
Total Lobbying ExpendTotalLobbyingExpendGrp
Other Exempt Purpose ExpendOtherExemptPurposeExpendGrp
Total Exempt Purpose ExpendTotalExemptPurposeExpendGrp
Lobbying Nontaxable AmountLobbyingNontaxableAmountGrp
Grassroots NontaxableGrassrootsNontaxableGrp
Tot Lbbyng Grassroot Mns Non TxTotLbbyngGrassrootMnsNonTxGrp
Tot Lbby Expend Mns Lbbyng Non TxTotLbbyExpendMnsLbbyngNonTxGrp
VolunteersfalseVolunteersInd
Paid Staff Or ManagementfalsePaidStaffOrManagementInd
Media AdvertisementsfalseMediaAdvertisementsInd
Mailings MembersfalseMailingsMembersInd
Publications Or BroadcastfalsePublicationsOrBroadcastInd
Grants Other OrganizationsfalseGrantsOtherOrganizationsInd
Direct Contact LegislatorsfalseDirectContactLegislatorsInd
Rallies DemonstrationsfalseRalliesDemonstrationsInd
Other ActivitiesYes (true)OtherActivitiesInd
Other Activities$266OtherActivitiesAmt
Total Lobbying Expenditures$266TotalLobbyingExpendituresAmt
Not Described Section501c3falseNotDescribedSection501c3Ind

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceSCHEDULE C, PART II-B, LINE 1FormAndLineReferenceDesc
ExplanationFAIRFIELD UNIVERSITY INDIRECTLY INCURS LOBBYING EXPENSE THROUGH DUES PAID TO OTHER ORGANIZATIONS.ExplanationTxt

Schedule D IRS990ScheduleD

FieldValueIRS element (for citing)
Protection Natural HabitatYes (X)ProtectionNaturalHabitatInd
Total Easements9TotalEasementsCnt
Total Acreage30.00TotalAcreageCnt
Historic Strctr Easements Aftr2HistoricStrctrEasementsAftrCnt
States Easements Held1StatesEasementsHeldCnt
Written Policy MonitoringYes (true)WrittenPolicyMonitoringInd
Staff Hours Spent Enforcement65.00StaffHoursSpentEnforcementCnt
Expenses Incurred Enforcement$40,000ExpensesIncurredEnforcementAmt
Section170h Rqr StsfdfalseSection170hRqrStsfdInd
Art Public Exhibition AmountsArtPublicExhibitionAmountsGrp
Held Works ArtHeldWorksArtGrp
Collection Used Pub ExhibitionYes (X)CollectionUsedPubExhibitionInd
Coll Used Scholarly RsrchYes (X)CollUsedScholarlyRsrchInd
Collection Used PreservationYes (X)CollectionUsedPreservationInd
Coll Used Loan Or Exch ProgYes (X)CollUsedLoanOrExchProgInd
Solicited Assets SalefalseSolicitedAssetsSaleInd

CY Endwmt Fund CYEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$382,450,518BeginningYearBalanceAmt
Contributions$1,402,417ContributionsAmt
Investment Earnings Or Losses-$15,169,929InvestmentEarningsOrLossesAmt
Grants Or Scholarships$4,530,960GrantsOrScholarshipsAmt
Other Expenditures$6,958,998OtherExpendituresAmt
Administrative Expenses$141,123AdministrativeExpensesAmt
End Year Balance$357,051,925EndYearBalanceAmt

CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$371,182,676BeginningYearBalanceAmt
Contributions$8,226,618ContributionsAmt
Investment Earnings Or Losses$14,081,047InvestmentEarningsOrLossesAmt
Grants Or Scholarships$4,407,492GrantsOrScholarshipsAmt
Other Expenditures$6,465,466OtherExpendituresAmt
Administrative Expenses$166,865AdministrativeExpensesAmt
End Year Balance$382,450,518EndYearBalanceAmt

CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$355,306,266BeginningYearBalanceAmt
Contributions$6,966,222ContributionsAmt
Investment Earnings Or Losses$25,695,257InvestmentEarningsOrLossesAmt
Grants Or Scholarships$3,856,209GrantsOrScholarshipsAmt
Other Expenditures$12,497,141OtherExpendituresAmt
Administrative Expenses$431,719AdministrativeExpensesAmt
End Year Balance$371,182,676EndYearBalanceAmt

CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$316,913,844BeginningYearBalanceAmt
Contributions$6,966,058ContributionsAmt
Investment Earnings Or Losses$42,738,641InvestmentEarningsOrLossesAmt
Grants Or Scholarships$4,138,098GrantsOrScholarshipsAmt
Other Expenditures$6,544,540OtherExpendituresAmt
Administrative Expenses$629,639AdministrativeExpensesAmt
End Year Balance$355,306,266EndYearBalanceAmt

CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$324,498,896BeginningYearBalanceAmt
Contributions$5,909,462ContributionsAmt
Investment Earnings Or Losses-$1,112,030InvestmentEarningsOrLossesAmt
Grants Or Scholarships$4,354,070GrantsOrScholarshipsAmt
Other Expenditures$8,028,414OtherExpendituresAmt
End Year Balance$316,913,844EndYearBalanceAmt
FieldValueIRS element (for citing)
Board Designated Balance EOY0.39542BoardDesignatedBalanceEOYPct
Prmnnt Endowment Balance EOY0.60458PrmnntEndowmentBalanceEOYPct
Endowments Held Unrelated OrgfalseEndowmentsHeldUnrelatedOrgInd
Endowments Held Related OrgfalseEndowmentsHeldRelatedOrgInd

Land LandGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$8,195,021OtherCostOrOtherBasisAmt
Book Value$8,195,021BookValueAmt

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$619,813,595OtherCostOrOtherBasisAmt
Depreciation$209,472,764DepreciationAmt
Book Value$410,340,831BookValueAmt
FieldValueIRS element (for citing)
Leasehold ImprovementsLeaseholdImprovementsGrp

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$79,524,027OtherCostOrOtherBasisAmt
Depreciation$64,819,360DepreciationAmt
Book Value$14,704,667BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$30,042,969OtherCostOrOtherBasisAmt
Depreciation$7,479,515DepreciationAmt
Book Value$22,563,454BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$455,803,973TotalBookValueLandBuildingsAmt
Financial DerivativesFinancialDerivativesGrp
Closely Held Equity InterestsCloselyHeldEquityInterestsGrp

Other Securities OtherSecuritiesGrp (3 entries)

DescDescBook ValueBookValueAmtMethod ValuationMethodValuationCd
PRIVATE EQUITY AND OTHER$19,305,369F
EQUITY FUNDS (NONREGISTERED)$19,484,897F
HEDGE FUND OF FUNDS$38,761,008F
FieldValueIRS element (for citing)
Total Book Value Securities$77,551,274TotalBookValueSecuritiesAmt
Federal Income Tax Liability$0FederalIncomeTaxLiabilityAmt
Total Liability$0TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$229,210,794TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst-$39,768,481NetUnrealizedGainsInvstAmt
Other Revenue-$92,560,470OtherRevenueAmt
Revenue Not Reported-$132,328,951RevenueNotReportedAmt
Revenue Subtotal$361,539,745RevenueSubtotalAmt
Investment Expenses Not Incld$204,744InvestmentExpensesNotIncldAmt
Revenue Not Reported Fincl Stmt$204,744RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$361,744,489TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$223,915,492TotExpnsEtcAuditedFinclStmtAmt
Other Expenses Included-$92,125,513OtherExpensesIncludedAmt
Expenses Not Reported-$92,125,513ExpensesNotReportedAmt
Expenses Subtotal$316,041,005ExpensesSubtotalAmt
Investment Expenses Not Incld2$204,744InvestmentExpensesNotIncld2Amt
Expenses Not Rpt Fincl Stmt$204,744ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$316,245,749TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (6 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
SCHEDULE D, PART III, LINE 1ASFAS 116 (ASC 958) FOOTNOTE THE ART COLLECTIONS ARE DONATED TO THE UNIVERSITY AND NOT RECOGNIZED IN THE ASSETS OF THE BALANCE SHEET. THE AUDITED FINANCIAL STATEMENTS DO NOT HAVE A FOOTNOTE REGARDING THE COLLECTIONS.
SCHEDULE D, PART III, LINE 4ORGANIZATION'S COLLECTION THE ART COLLECTIONS ARE AN IMPORTANT CULTURAL RESOURCE OF THE UNIVERSITY, PROVIDING ARTS AND ACADEMIC ENRICHMENT TO THE STUDENTS, FACULTY, LOCAL COMMUNITY, AND INTERNATIONAL SCHOLARLY COMMUNITY. THE COLLECTIONS ARE HOUSED AT THE FAIRFIELD UNIVERSITY ART MUSEUM'S THOMAS J WALSH ART GALLERY, BELLARMINE HALL GALLERIES AND AT VARIOUS LOCATIONS ON CAMPUS. THE COLLECTIONS AREA OF THE MUSEUM'S WEBSITE PROVIDES DIGITAL ACCESS TO THESE WORKS OF ART, AND PROVIDES ART HISTORICAL AND TECHNICAL INFORMATION ABOUT THESE OBJECTS. THE FAIRFIELD UNIVERSITY ART MUSEUM IS DEDICATED TO PRESERVING, STUDYING, AND EXHIBITING THOSE OBJECTS ENTRUSTED TO ITS CARE, WHILE NEVER LOSING SIGHT OF ITS OBLIGATION TO EDUCATE AND INSPIRE ITS MANY AUDIENCES, FOR THE GREATER ENRICHMENT OF ALL. THE MUSEUM IS OPEN TO THE PUBLIC AND FREE OF CHARGE.
SCHEDULE D, PART V, LINE 4THE UNIVERSITY'S ENDOWMENT IS AN AGGREGATION OF GIFTS PROVIDED BY DONORS WITH THE REQUIREMENT THE GIFTS BE HELD IN PERPETUITY TO GENERATE EARNINGS NOW AND IN FUTURE YEARS TO SUPPORT THE UNIVERSITY'S PROGRAMS OF INSTRUCTION, RESEARCH AND PUBLIC SERVICE AND FUNDS DESIGNATED BY THE BOARD OF TRUSTEES TO FUNCTION AS ENDOWMENT. EARNINGS FROM ENDOWMENT INVESTMENTS SUPPORT SCHOLARSHIPS, CHAIRS, PROFESSORSHIPS, FELLOWSHIPS, BASIC RESEARCH, AS WELL AS ACADEMIC AND PUBLIC SERVICE PROGRAMS. THE ENDOWMENT SHOULD PROVIDE STABILITY SINCE THE PRINCIPAL IS INVESTED AND EARNINGS ARE GENERATED YEAR AFTER YEAR. NET ASSETS ASSOCIATED WITH ENDOWMENT FUNDS, INCLUDING FUNDS DESIGNATED BY THE BOARD OF TRUSTEES TO FUNCTION AS ENDOWMENTS, ARE CLASSIFIED AND REPORTED BASED ON THE EXISTENCE OR ABSENCE OF DONOR-IMPOSED RESTRICTIONS.
SCHEDULE D, PART X, LINE 2The University is a not-for-profit corporation as described in Section 501(c)(3) of the Internal Revenue Code (the Code) and is generally exempt from income taxes on related income pursuant to Section 501(a) of the Code. The University recognizes the effects of income tax positions only if those positions are more likely than not of being sustained. The University evaluates, on an annual basis, the effects of any uncertain tax positions on its financial statements. As of June 30, 2020, the University has not identified or provided for any such positions.
SCHEDULE D, PART XI, LINE 2DOTHER AMOUNTS INCLUDED ON LINE 1 BUT NOT ON FORM 990, PART VIII, LINE 12: STUDENT FINANCIAL AID $(93,000,271) VALUE IN SPLIT INTEREST AGREEMENT (118,243) UNCOLLECTIBLE PLEDGES WRITE-OFF (316,715) RENTAL EXPENSE 838,262 FUNDRAISING EXPENSE 36,496 ROUNDING 1 ------------- $(92,560,470)
SCHEDULE D, PART XII, LINE 2DOTHER AMOUNTS INCLUDED ON LINE 1 BUT NOT ON FORM 990, PART IX, LINE 25: STUDENT FINANCIAL AID $(93,000,271) RENTAL EXPENSE 838,262 FUNDRAISING EXPENSE 36,496 ------------- $(92,125,513)

Schedule E IRS990ScheduleE

FieldValueIRS element (for citing)
Nondiscriminatory Policy StmtYes (true)NondiscriminatoryPolicyStmtInd
Policy Stmt In Brochures EtcYes (true)PolicyStmtInBrochuresEtcInd
Plcy Pblczd Via Broadcast MediaYes (true)PlcyPblczdViaBroadcastMediaInd
Maintain Racial Comp RecsYes (true)MaintainRacialCompRecsInd
Maintain Scholarships RecsYes (true)MaintainScholarshipsRecsInd
Maintain Cpy Of Brochures EtcYes (true)MaintainCpyOfBrochuresEtcInd
Maintain Cpy Of All SolYes (true)MaintainCpyOfAllSolInd
Discriminate Race Stdnts RghtsfalseDiscriminateRaceStdntsRghtsInd
Discriminate Race Admiss PlcyfalseDiscriminateRaceAdmissPlcyInd
Discriminate Race Emplm FcultyfalseDiscriminateRaceEmplmFcultyInd
Discriminate Race SchsfalseDiscriminateRaceSchsInd
Discriminate Race Educ PlcyfalseDiscriminateRaceEducPlcyInd
Discriminate Race Use Of FcltsfalseDiscriminateRaceUseOfFcltsInd
Discriminate Race Athlt ProgfalseDiscriminateRaceAthltProgInd
Discriminate Race Other ActyfalseDiscriminateRaceOtherActyInd
Government Financial Aid RcvdYes (true)GovernmentFinancialAidRcvdInd
Government Financial Aid RvkdfalseGovernmentFinancialAidRvkdInd
Compliance With Rev Proc7550Yes (true)ComplianceWithRevProc7550Ind

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
SCHEDULE E, PART I, LINE 3FAIRFIELD UNIVERSITY ADMITS STUDENTS OF ANY SEX, RACE, COLOR, MARITAL STATUS, SEXUAL ORIENTATION, RELIGION, AGE, NATIONAL ORIGIN OR ANCESTRY, DISABILITY OR HANDICAP TO ALL THE RIGHTS, PRIVILEGES, PROGRAMS, AND ACTIVITIES GENERALLY ACCORDED OR MADE AVAILABLE TO STUDENTS OF THE UNIVERSITY. IT DOES NOT DISCRIMINATE ON THE BASIS OF SEX, RACE, COLOR, MARITAL STATUS, SEXUAL ORIENTATION, GENDER IDENTITY, VETERAN'S STATUS, POLITICAL IDEOLOGY, RELIGION, AGE, NATIONAL ORIGIN OR ANCESTRY, DISABILITY OR HANDICAP IN ADMINISTRATION OF ITS EDUCATIONAL POLICIES, ADMISSIONS POLICIES, EMPLOYMENT POLICIES, SCHOLARSHIP AND LOAN PROGRAMS, ATHLETIC PROGRAMS, OR OTHER UNIVERSITY-ADMINISTERED PROGRAMS. THIS INFORMATION IS OUTLINED ON FAIRFIELD UNIVERSITY'S PUBLIC WEBSITE.
SCHEDULE E, PART I, LINE 6FAIRFIELD UNIVERSITY RECEIVES GRANTS, AWARDS AND FINANCIAL ASSISTANCE FOR ITS STUDENTS FROM VARIOUS GOVERNMENTAL AGENCIES. THE UNIVERSITY HAS ALWAYS BEEN IN GOOD STANDING AND THE RIGHT TO RECEIVE SUCH AID HAS NEVER BEEN REVOKED OR SUSPENDED.

Schedule F IRS990ScheduleF

FieldValueIRS element (for citing)
Grant Records MaintainedYes (true)GrantRecordsMaintainedInd

Account Activities Outside US AccountActivitiesOutsideUSGrp (15 entries)

RegionRegionTxtOfficesOfficesCntEmployeeEmployeeCntType Of Activities ConductedTypeOfActivitiesConductedTxtSpecific Services ProvidedSpecificServicesProvidedTxtRegion Total ExpendituresRegionTotalExpendituresAmt
Europe (Including Iceland and Greenland)27Program ServicesStudy Abroad Program$5,604,991
East Asia and the PacificProgram ServicesStudy Abroad Program$183,258
Central America and the CaribbeanProgram ServicesStudy Abroad Program$21,705
Middle East and North AfricaProgram ServicesStudy Abroad Program$23,250
Central America and the CaribbeanGrantmaking$136,815
East Asia and the PacificGrantmaking$1,302,062
Europe (Including Iceland and Greenland)Grantmaking$1,577,359
North AmericaGrantmaking$624,954
South AmericaGrantmaking$211,240
South AsiaGrantmaking$354,470
Sub-Saharan AfricaGrantmaking$265,119
Middle East and North AfricaGrantmaking$155,590
Russia and the Newly Independent StatesGrantmaking$184,130
Central America and the CaribbeanInvestments$46,117,571
Europe (Including Iceland and Greenland)Investments$989,782
FieldValueIRS element (for citing)
Subtotal Offices2SubtotalOfficesCnt
Subtotal Employees7SubtotalEmployeesCnt
Total Office2TotalOfficeCnt
Total Employee7TotalEmployeeCnt
Subtotal Spent$57,752,296SubtotalSpentAmt
Total Spent$57,752,296TotalSpentAmt

Foreign Individuals Grants ForeignIndividualsGrantsGrp (9 entries)

Type Of AssistanceTypeOfAssistanceTxtRegionRegionTxtRecipientRecipientCntCash GrantCashGrantAmt
SCHOLARSHIPCentral America and the Caribbean3$136,815
SCHOLARSHIPEast Asia and the Pacific41$1,302,062
SCHOLARSHIPEurope (Including Iceland and Greenland)40$1,577,359
SCHOLARSHIPNorth America14$624,954
SCHOLARSHIPSouth America8$211,240
SCHOLARSHIPSouth Asia16$354,470
SCHOLARSHIPSub-Saharan Africa6$265,119
SCHOLARSHIPMiddle East and North Africa2$155,590
SCHOLARSHIPRussia and the Newly Independent States4$184,130
FieldValueIRS element (for citing)
Transfer To Foreign CorpYes (true)TransferToForeignCorpInd
Interest In Foreign TrustfalseInterestInForeignTrustInd
Foreign Corp OwnershipYes (true)ForeignCorpOwnershipInd
Passive Foreign Investmest CoYes (true)PassiveForeignInvestmestCoInd
Foreign PartnershipYes (true)ForeignPartnershipInd
Boycott CountriesfalseBoycottCountriesInd

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
SCHEDULE F, PART 1, LINE 1THE UNIVERSITY HAS IN PLACE INTERNAL CONTROLS TO ENSURE AMOUNTS ARE AWARDED TO STUDENTS WHO CONTINUE TO MEET & MAINTAIN ELIGIBILTY REQUIREMENTS. THESE INTERNAL CONTROLS ARE ADMINISTRATED BY THE UNIVERSITY'S FINANCIAL AID OFFICE.
SCHEDULE F, PART 1, LINE 3STUDY ABROAD PROGRAMS AND GRANTMAKING ARE REPORTED ON THE ACCRUAL METHOD. INVESTMENTS ARE REPORTED AT FAIR MARKET VALUE.
SCHEDULE F - GRANTMAKINGTHE UNIVERSITY OFFERS FINANCIAL ASSISTANCE IN THE FORM OF LOANS, GRANTS, EMPLOYMENT (WORK STUDY) AND SCHOLARSHIPS. THE AWARDS ARE AWARDED TO STUDENTS MEETING CERTAIN ELIGIBILITY REQUIREMENTS. THE PROGRAMS ARE ADMINISTERED BY THE FINANCIAL AID OFFICE.

Schedule G IRS990ScheduleG

FieldValueIRS element (for citing)
Mail SolicitationsYes (X)MailSolicitationsInd
Email SolicitationsYes (X)EmailSolicitationsInd
Phone SolicitationsYes (X)PhoneSolicitationsInd
In Person SolicitationsYes (X)InPersonSolicitationsInd
Solicitation Of Non Govt GrantsYes (X)SolicitationOfNonGovtGrantsInd
Special Fundraising EventsYes (X)SpecialFundraisingEventsInd
Agrmt Prof Fundraising ActyYes (true)AgrmtProfFundraisingActyInd

Fundraiser Activity Info FundraiserActivityInfoGrp (2 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdActivityActivityTxtFundraiser Control Of FundsFundraiserControlOfFundsIndRetained By ContractorRetainedByContractorAmtNet To OrganizationNetToOrganizationAmtGross ReceiptsGrossReceiptsAmt
COMMUNITY COUNSELING SERV
PO BOX 824885PHILADELPHIAPA191824885CAMPAIGN CONSULTINGfalse$87,500-$87,500
GIVECAMPUS INC
903 G ST SEWASHINGTONDC20003EXTERNAL WEBSITEfalse$41,210$27,605$68,815
FieldValueIRS element (for citing)
Total Gross Receipts$68,815TotalGrossReceiptsAmt
Total Retained By Contractors$128,710TotalRetainedByContractorsAmt
Total Net To Organization-$59,895TotalNetToOrganizationAmt

Fundraising Event Information FundraisingEventInformationGrp

FieldValueIRS element (for citing)
Event1Alumni Awrd DinEvent1Nm
Gross Receipts Event1$39,850GrossReceiptsEvent1Amt
Charitable Contri Event1$3,354CharitableContriEvent1Amt
Gross Revenue Event1$36,496GrossRevenueEvent1Amt
Food And Beverage Event1$15,000FoodAndBeverageEvent1Amt
Other Direct Expenses Event1$21,496OtherDirectExpensesEvent1Amt
Other Events Total0OtherEventsTotalCnt
Gross Receipts Total$39,850GrossReceiptsTotalAmt
Charitable Contributions Tot$3,354CharitableContributionsTotAmt
Gross Revenue Total Events$36,496GrossRevenueTotalEventsAmt
Food And Beverage Total Events$15,000FoodAndBeverageTotalEventsAmt
Oth Direct Expnss Total Events$21,496OthDirectExpnssTotalEventsAmt
Direct Expense Summary Events$36,496DirectExpenseSummaryEventsAmt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceSCHEDULE G, PART I- PROFESSIONAL FUNDRAISING SERVICESFormAndLineReferenceDesc
Explanation- COMMUNITY COUNSELING SERVICES, A STRATEGIC FUNDRAISING FIRM, PROVIDED ON-SITE TRAININGS TO FAIRFIELD UNIVERSITY IN-HOUSE PERSONNEL ON FUNDRAISING STRATEGIES, PLANNING, MANAGING, AS WELL AS IMPLEMENTING PROGRAMS THAT ACHIEVE FUNDRAISING GOALS. - GIVECAMPUS: PROVIDES AN ON-LINE PLATFORM USED AS PART OF THE UNIVERSITY'S ANNUAL FUNDRAISING ACTIVITIES.ExplanationTxt

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedYes (true)GrantRecordsMaintainedInd

Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp (5 entries)

Grant TypeGrantTypeTxtRecipientRecipientCntCash GrantCashGrantAmt
INSTITUTIONAL SCHOLARSHIPS6222$75,086,243
ATHLETIC SCHOLARSHIPS308$5,384,038
STATE AND FEDERAL GRANTS372$859,398
PREP SCHOOL FINANCIAL AID274$2,735,067
OTHER FINANCIAL AID702$4,123,786

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceSCHEDULE I, PART I, LINE 1AFormAndLineReferenceDesc
ExplanationTHE UNIVERSITY OFFERS FINANCIAL ASSISTANCE IN THE FORM OF LOANS, GRANTS, EMPLOYMENT (WORK STUDY) AND SCHOLARSHIPS. THE AWARDS ARE AWARDED TO STUDENTS MEETING CERTAIN ELIGIBILITY REQUIREMENTS. THE PROGRAMS ARE ADMINISTERED BY THE FINANCIAL AID OFFICE WHICH HAS VARIOUS INTERNAL CONTROLS IN PLACE TO MONITOR THE AMOUNT OFFERED TO STUDENTS. AN ANNUAL UNIFORM GUIDANCE AUDIT IS CONDUCTED FOR THE FINANCIAL AID PROGRAMS AND THE FISAP REPORT IS PREPARED ANNUALLY FOR THE DEPARTMENT OF EDUCATION. AMOUNTS OF AID AWARDED ARE CREDITED TO STUDENT ACCOUNTS AND NOT SENT DIRECTLY TO THE STUDENT.ExplanationTxt

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Housing Allowance Or ResidenceYes (X)HousingAllowanceOrResidenceInd
Club Dues Or FeesYes (X)ClubDuesOrFeesInd
Personal ServicesYes (X)PersonalServicesInd
Written Policy Ref T And E ExpnssYes (true)WrittenPolicyRefTAndEExpnssInd
Substantiation RequiredYes (true)SubstantiationRequiredInd
Compensation CommitteeYes (X)CompensationCommitteeInd
Independent ConsultantYes (X)IndependentConsultantInd
Form990 Of Other OrganizationsYes (X)Form990OfOtherOrganizationsInd
Compensation SurveyYes (X)CompensationSurveyInd
Board Or Committee ApprovalYes (X)BoardOrCommitteeApprovalInd
Severance PaymentYes (true)SeverancePaymentInd
Supplemental Nonqual Rtr PlanfalseSupplementalNonqualRtrPlanInd
Equity Based Comp ArrngmfalseEquityBasedCompArrngmInd
Comp Based On Revenue Of Flng OrgfalseCompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related OrgsfalseCompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng OrgfalseCompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd OrgsfalseCompBsdNetEarnsRltdOrgsInd
Any Non Fixed PaymentsYes (true)AnyNonFixedPaymentsInd
Initial Contract ExceptionfalseInitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (10 entries)

TitleTitleTxtBase Compensation Filing OrgBaseCompensationFilingOrgAmtCompensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmtBonus Filing OrganizationBonusFilingOrganizationAmountBonus Related OrganizationsBonusRelatedOrganizationsAmtOther Compensation Filing OrgOtherCompensationFilingOrgAmtOther Compensation Rltd OrgsOtherCompensationRltdOrgsAmtDeferred Compensation Flng OrgDeferredCompensationFlngOrgAmtDeferred Comp Rltd OrgsDeferredCompRltdOrgsAmtNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmtNontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmtTotal Compensation Filing OrgTotalCompensationFilingOrgAmtTotal Compensation Rltd OrgsTotalCompensationRltdOrgsAmt
MARK R NEMEC
PRESIDENT$488,807$0$98,160$0$21,895$0$25,200$0$102,143$0$736,205$0
Zhan Li
DEAN, SCHOOL OF BUSINESS$315,842$0$37,800$0$0$0$25,200$0$14,150$0$392,992$0
MICHAEL TRAFECANTE
TREASURER$269,692$0$39,483$0$0$24,032$0$131,078$0$464,285$0
KEVIN LAWLOR
EXECUTIVE VICE PRESIDENT$370,105$0$65,000$0$3,210$0$25,200$0$141,531$0$605,046$0
RICHARD GREENWALD
DEAN, SCHOOL OF CAS$225,104$0$0$13,422$0$20,954$0$39,942$0$299,422$0
WALTER HALAS
VP OF ADVANCEMENT$286,459$0$43,013$0$1,380$0$25,200$0$42,825$0$398,877$0
CHRISTINE SIEGEL
PROVOST & SR VP ACADEMICS$332,795$0$34,000$0$0$25,200$0$40,630$0$432,625$0
SYDNEY JOHNSON
HEAD MBB COACH (thru 4-30-19)$239,303$0$0$250,000$0$16,745$0$13,708$0$519,756$0
PAUL SCHLICKMANN
DIRECTOR OF ATHLETICS$266,473$0$40,620$0$513$0$24,677$0$40,523$0$372,806$0
JOHN YOUNG
HEAD MBB COACH$311,767$0$0$3,753$0$22,302$0$20,242$0$358,064$0

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceSCHEDULE J, PART I, LINE 1AFormAndLineReferenceDesc
ExplanationTHE PRESIDENT RESIDES IN A HOUSE THAT WAS DONATED TO THE UNIVERSITY SPECIFICALLY FOR THE PRESIDENT'S USE. THE HOUSE IS USED EXTENSIVELY FOR UNIVERSITY EVENTS. THE PRESIDENT LIVES IN THE HOUSE FOR THE CONVENIENCE OF THE UNIVERSITY. CLEANING SERVICES ARE PROVIDED FOR THE HOUSE AS UNIVERSITY EVENTS ARE CONDUCTED THERE. ALL AMOUNTS ARE INCLUDED IN NON-TAXABLE BENEFITS IN COLUMN D OF SCHEDULE J, PART II, COLUMN (D). THE UNIVERSITY PROVIDES AN APARTMENT FOR USE BY THE DEAN OF THE SCHOOL OF ARTS & SCIENCE TO REDUCE THE DEANS COMMUTE. ALL AMOUNTS ARE INCLUDED IN TAXABLE INCOME. HEALTH OR SOCIAL CLUB DUES OR INITIATION FEES: THE PRESIDENT RECEIVED MEMBERSHIP TO A CLUB FOR THE PURPOSE OF ENTERTAINING POTENTIAL DONORS. ALL AMOUNTS ARE INCLUDED IN TAXABLE INCOME. SCHEDULE J, PART, LINE 4A Syndney Johnson received a severance payment of $250,000. SCHEDULE J, PART I, LINE 7 VARIOUS MEMBERS OF MANAGEMENT WERE AWARDED A PERFORMANCE BONUS BASED ON SUCCESSFUL ATTAINMENT OF PERFORMANCE BASED OBJECTIVES.ExplanationTxt

Schedule K IRS990ScheduleK

Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp (4 entries)

Bond ReferenceBondReferenceCdBond Issuer EINBondIssuerEINCUSIPCUSIPNumBond IssuedBondIssuedDtIssue PriceIssuePriceAmtPurposePurposeDescDefeasedDefeasedIndOn Behalf Of IssuerOnBehalfOfIssuerIndPool FinancingPoolFinancingInd
CHEFA 2010 Series P
A06080618620774UY412010-03-18$11,573,281CURRENT REFUNDING OF 1998 BONDfalsefalsefalse
CHEFA 2016 Series Q-1
B06080618620774YYR22016-02-25$53,583,942CONSTRUCT OF VAR CAMPUS FACILITIESfalsefalsefalse
CHEFA 2016 Series Q-2
C06080618620774YZH32016-03-30$20,006,907PARTIALLY REFUND CHEFA SERIES 2008falsefalsefalse
CHEFA 2017 SERIES R
D06080618620774Y3812017-12-20$121,950,419Refund chefa series o constructionfalsefalsefalse

Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp (4 entries)

Bond ReferenceBondReferenceCdRetiredRetiredAmtBond DefeasedBondDefeasedAmtTotal ProceedsTotalProceedsAmtIn Reserve FundInReserveFundAmtCapitalized InterestCapitalizedInterestAmtRefunding EscrowRefundingEscrowAmtIssuance Costs From ProceedsIssuanceCostsFromProceedsAmtCredit EnhancementCreditEnhancementAmtWorking Capital ExpendituresWorkingCapitalExpendituresAmtCapital ExpendituresCapitalExpendituresAmtOther Spent ProceedsOtherSpentProceedsAmtUnspentUnspentAmtRefunding Tax Exempt BondsRefundingTaxExemptBondsIndRefunding Taxable BondsRefundingTaxableBondsIndFinal Allocation MadeFinalAllocationMadeIndAdequate Books And Rec MaintAdequateBooksAndRecMaintIndSubstantial CompletionSubstantialCompletionYr
A$4,230,000$0$11,573,281$758,457$0$0$116,497$0$0$0$10,698,327$0Yes (true)falseYes (true)Yes (true)
B$0$0$53,583,942$0$3,138,393$0$525,083$0$0$49,920,466$0$0falsefalseYes (true)Yes (true)2018
C$1,930,000$0$20,006,907$0$0$0$291,476$0$0$0$19,715,431$0falseYes (true)falseYes (true)
D$0$0$121,950,419$0$0$0$808,952$0$0$40,000,000$81,141,467$0falseYes (true)falseYes (true)

Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp (4 entries)

Bond ReferenceBondReferenceCdOwning Bond Financed PropertyOwningBondFinancedPropertyIndAny Lease ArrangementsAnyLeaseArrangementsIndMgmt Contract Bond Fincd PropMgmtContractBondFincdPropIndEngage Bond Counsel ContractsEngageBondCounselContractsIndAny Research AgreementsAnyResearchAgreementsIndPrivate Bus Use By OthersPrivateBusUseByOthersPctPrivate Bus Concerning UBIPrivateBusConcerningUBIPctTotal Private Business UseTotalPrivateBusinessUsePctBond Iss Meet Prvt Sec Pymt TestBondIssMeetPrvtSecPymtTestIndChange In Use Bond Financed PropChangeInUseBondFinancedPropIndRemedial Action TakenRemedialActionTakenIndProcs Nonqualified Bond RemdtdProcsNonqualifiedBondRemdtdIndEngage Bond Counsel ResearchEngageBondCounselResearchInd
AfalsefalseYes (true)Yes (true)false00.002500.00250falsefalsefalseYes (true)
BfalsefalseYes (true)Yes (true)false0falsefalsefalseYes (true)
CfalsefalseYes (true)Yes (true)Yes (true)00.001500.00150falsefalsefalseYes (true)Yes (true)
DfalsefalseYes (true)Yes (true)false0falsefalsefalseYes (true)

Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp (4 entries)

Bond ReferenceBondReferenceCdForm8038 T FiledForm8038TFiledIndRebate Not Due YetRebateNotDueYetIndException To RebateExceptionToRebateIndNo Rebate DueNoRebateDueIndVariable Rate IssueVariableRateIssueIndHedge Identified In Bks And RecHedgeIdentifiedInBksAndRecIndGross Proceeds Invested In GICGrossProceedsInvestedInGICIndBusiness Name Line1GICProviderName/BusinessNameLine1TxtGross Proceeds InvestedGrossProceedsInvestedIndWritten Proc To Monitor ReqsWrittenProcToMonitorReqsInd
0
AfalsefalsefalseYes (true)falsefalsefalse0falseYes (true)
0
BfalseYes (true)falsefalsefalsefalsefalse0falseYes (true)
0
CfalseYes (true)falsefalsefalsefalsefalse0falseYes (true)
0
DfalseYes (true)falsefalsefalsefalsefalse0falseYes (true)

Procedures Corrective Action ProceduresCorrectiveActionGrp (4 entries)

Bond ReferenceBondReferenceCdProcedures Corrective ActionProceduresCorrectiveActionInd
AYes (true)
BYes (true)
CYes (true)
DYes (true)

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
SCHEDULE K PART II, LINE 11CHEFA 2018 SERIES S BOND: THE OTHER SPEND PROCEEDS WERE USED TO CURRENTLY REFUND THE 2008 SERIES M AND SERIES N BOND ISSUES. CHEFA 2017 SERIES R BOND: THE OTHER PROCEEDS WERE USED TO REFUND SERIES O. THE REMAINING $40 MILLION WAS USED FOR THE CONSTRUCTION OF NEW JR/SR TOWNHOUSES AND RENOVATIONS OF OTHER CAMPUS FACILITIES. CHEFA 2016 SERIES Q-2 BOND: THE OTHER SPENT PROCEEDS WERE USED TO ADVANCE REFUND A PORTION OF THE SERIES M BOND ISSUE. CHEFA 2010 SERIES P: THE OTHER SPENT PROCEEDS WERE USED TO CURRENTLY REFUND THE 2010 SERIES F BOND ISSUE. SCHEDULE K, PART III, LINE 3A ALL MANAGEMENT AND SERVICE CONTRACTS IN BOND FINANCED SPACE HAVE BEEN PREVIOUSLY REVIEWED BY BOND COUNSEL. THEY WERE DETERMINED TO FALL UNDER THE SAFE HARBOR PROVIDED BY REVENUE PROCEDURE 2007-17 AND WILL NOT RESULT IN PRIVATE BUSINESS USE.
SCHEDULE K, PART III, LINE 3CRESEARCH AGREEMENTS: RESEARCH AGREEMENTS RELATING TO THE BONDS ISSUE S AND Q2 HAVE BEEN REVIEWED BY BOND COUNSEL TO ENSURE THEY ARE COMPLIANT WITH THE APPLICABLE SAFE HARBORS. THE RESEARCH AGREEMENTS DID NOT RESULT IN ANY PRIVATE BUSINESS USE.
SCHEDULE K, PART IV, LINE 2CTHE DATE OF MOST RECENT REBATE CALCULATION FOR THE CHEFA 2010 SERIES P BOND ISSUES WAS MARCH 17, 2015.

Schedule K IRS990ScheduleK

Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp

FieldValueIRS element (for citing)
Bond ReferenceABondReferenceCd

Issuer Name IssuerName

FieldValueIRS element (for citing)
Business Name Line1CHEFA 2018 SERIES SBusinessNameLine1Txt
FieldValueIRS element (for citing)
Bond Issuer EIN060806186BondIssuerEIN
CUSIP20774Y3Y1CUSIPNum
Bond Issued2018-04-04BondIssuedDt
Issue Price$75,309,545IssuePriceAmt
PurposeREFUND CHEFA SERIES M & NPurposeDesc
DefeasedfalseDefeasedInd
On Behalf Of IssuerfalseOnBehalfOfIssuerInd
Pool FinancingfalsePoolFinancingInd

Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp

FieldValueIRS element (for citing)
Bond ReferenceABondReferenceCd
Retired$4,680,000RetiredAmt
Bond Defeased$0BondDefeasedAmt
Total Proceeds$75,309,545TotalProceedsAmt
In Reserve Fund$0InReserveFundAmt
Capitalized Interest$0CapitalizedInterestAmt
Refunding Escrow$0RefundingEscrowAmt
Issuance Costs From Proceeds$554,389IssuanceCostsFromProceedsAmt
Credit Enhancement$0CreditEnhancementAmt
Working Capital Expenditures$0WorkingCapitalExpendituresAmt
Capital Expenditures$0CapitalExpendituresAmt
Other Spent Proceeds$74,755,156OtherSpentProceedsAmt
Unspent$0UnspentAmt
Substantial Completion2018SubstantialCompletionYr
Refunding Tax Exempt BondsYes (true)RefundingTaxExemptBondsInd
Refunding Taxable BondsfalseRefundingTaxableBondsInd
Final Allocation MadeYes (true)FinalAllocationMadeInd
Adequate Books And Rec MaintYes (true)AdequateBooksAndRecMaintInd

Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp

FieldValueIRS element (for citing)
Bond ReferenceABondReferenceCd
Owning Bond Financed PropertyfalseOwningBondFinancedPropertyInd
Any Lease ArrangementsfalseAnyLeaseArrangementsInd
Mgmt Contract Bond Fincd PropYes (true)MgmtContractBondFincdPropInd
Engage Bond Counsel ContractsYes (true)EngageBondCounselContractsInd
Any Research AgreementsfalseAnyResearchAgreementsInd
Private Bus Use By Others0PrivateBusUseByOthersPct
Private Bus Concerning UBI0.02790PrivateBusConcerningUBIPct
Total Private Business Use0.02790TotalPrivateBusinessUsePct
Bond Iss Meet Prvt Sec Pymt TestfalseBondIssMeetPrvtSecPymtTestInd
Change In Use Bond Financed PropfalseChangeInUseBondFinancedPropInd
Remedial Action TakenfalseRemedialActionTakenInd
Procs Nonqualified Bond RemdtdYes (true)ProcsNonqualifiedBondRemdtdInd

Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp

FieldValueIRS element (for citing)
Bond ReferenceABondReferenceCd
Form8038 T FiledfalseForm8038TFiledInd
Rebate Not Due YetYes (true)RebateNotDueYetInd
Exception To RebatefalseExceptionToRebateInd
No Rebate DuefalseNoRebateDueInd
Variable Rate IssuefalseVariableRateIssueInd
Hedge Identified In Bks And RecfalseHedgeIdentifiedInBksAndRecInd

Hedge Provider Name HedgeProviderName

FieldValueIRS element (for citing)
Business Name Line10BusinessNameLine1Txt
FieldValueIRS element (for citing)
Gross Proceeds Invested In GICfalseGrossProceedsInvestedInGICInd

GIC Provider Name GICProviderName

FieldValueIRS element (for citing)
Business Name Line10BusinessNameLine1Txt
FieldValueIRS element (for citing)
Gross Proceeds InvestedfalseGrossProceedsInvestedInd
Written Proc To Monitor ReqsYes (true)WrittenProcToMonitorReqsInd

Procedures Corrective Action ProceduresCorrectiveActionGrp

FieldValueIRS element (for citing)
Bond ReferenceABondReferenceCd
Procedures Corrective ActionYes (true)ProceduresCorrectiveActionInd

Schedule M IRS990ScheduleM

Works Of Art WorksOfArtGrp

FieldValueIRS element (for citing)
Non Cash CheckboxYes (X)NonCashCheckboxInd
Contribution50ContributionCnt
Method Of Determining RevenuesAppraisalsMethodOfDeterminingRevenuesTxt
FieldValueIRS element (for citing)
Art Historical TreasuresArtHistoricalTreasuresGrp
Art Fractional InterestArtFractionalInterestGrp
Books And PublicationsBooksAndPublicationsGrp
Clothing And Household GoodsClothingAndHouseholdGoodsGrp
Cars And Other VehiclesCarsAndOtherVehiclesGrp
Boats And PlanesBoatsAndPlanesGrp
Intellectual PropertyIntellectualPropertyGrp

Securities Publicly Traded SecuritiesPubliclyTradedGrp

FieldValueIRS element (for citing)
Non Cash CheckboxYes (X)NonCashCheckboxInd
Contribution68ContributionCnt
Noncash Contributions Rpt F990$7,731,684NoncashContributionsRptF990Amt
Method Of Determining RevenuesFMVMethodOfDeterminingRevenuesTxt
FieldValueIRS element (for citing)
Securities Closely Held StockSecuritiesCloselyHeldStockGrp
Secur Prtnrshp Trust IntrstsSecurPrtnrshpTrustIntrstsGrp
Securities MiscellaneousSecuritiesMiscellaneousGrp
Qualified Contrib Hist StructQualifiedContribHistStructGrp
Qualified Contrib OtherQualifiedContribOtherGrp
Real Estate ResidentialRealEstateResidentialGrp
Real Estate CommercialRealEstateCommercialGrp
Real Estate OtherRealEstateOtherGrp
CollectiblesCollectiblesGrp
Food InventoryFoodInventoryGrp
Drugs And Medical SuppliesDrugsAndMedicalSuppliesGrp
TaxidermyTaxidermyGrp
Historical ArtifactsHistoricalArtifactsGrp
Scientific SpecimensScientificSpecimensGrp
Archaeological ArtifactsArchaeologicalArtifactsGrp

Other Non Cash Contri Table OtherNonCashContriTableGrp

FieldValueIRS element (for citing)
Non Cash CheckboxYes (X)NonCashCheckboxInd
DescOther - GIKDesc
Contribution4ContributionCnt
Noncash Contributions Rpt F990$10,923NoncashContributionsRptF990Amt
Method Of Determining RevenuesFMVMethodOfDeterminingRevenuesTxt
FieldValueIRS element (for citing)
Form8283 Received1Form8283ReceivedCnt
Any Property That Must Be HeldfalseAnyPropertyThatMustBeHeldInd
Review Process Unusual NC GiftsfalseReviewProcessUnusualNCGiftsInd
Third Parties UsedfalseThirdPartiesUsedInd

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
SCHEDULE M, PART I, LINE 1, COLUMN (C)WORKS OF ART FAIRFIELD UNIVERSITY DOES NOT REPORT AN APPRAISED VALUE FOR WORK OF ARTS IN ITS AUDITED FINANCIAL STATEMENTS.
SCHEDULE M, PART I, PART I, COLUMN BTHE NUMBER IN SCHEDULE M, PART I, COLUMN B REPRESENTS THE NUMBER OF ITEMS CONTRIBUTED.

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (8 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART III, LINE 1The purpose of Fairfield University is to establish, organize, maintain and conduct an institution for intermediate, secondary, undergraduate and graduate education in the State of Connecticut, and to perform such other works of education, charity and religion. A FAIRFIELD UNIVERSITY EDUCATION HAS BECOME MORE INTEGRATED IN FOCUS, MORE GLOBAL IN OUTLOOK, AND MORE INTENTIONAL IN ITS STRUCTURE THAN EVER BEFORE IN THE JESUIT TRADITION. WE ARE COMMITTED TO CREATING A STUDENT-FOCUSED, HOLISTIC, AND DIVERSE EDUCATIONAL ENVIRONMENT INTENDED TO EDUCATE THE WHOLE PERSON, MIND, BODY AND SPIRIT. WE WANT TO CULTIVATE IN BOTH OUR UNDERGRADUATE AND GRADUATE STUDENTS A SENSE OF COMMUNITY AND STRONG ETHICAL AND SPIRITUAL VALUES TO GUIDE THEM ON THEIR PATHS INTO THE FUTURE. COVID-19 IMPACT IN RESPONSE TO COVID-19, THE UNITED STATES CONGRESS PASSED THE CORONAVIRUS AID, RELIEF AND ECONOMIC SECURITY (CARES) ACT ON MARCH 27, 2020. THE UNIVERSITY RECOGNIZED $1,564,000 IN GRANT REVENUE AS A RESULT OF THE CARES ACT. THE FUNDS WERE USED TO AWARD COVID-19 RELIEF AID TO STUDENTS, AS WELL AS, TO OFFSET COSTS INCURRED BY THE UNIVERSITY RELATED TO COVID-19, INCLUDING ADJUSTMENTS TO ROOM AND BOARD. THE UNIVERSITY ISSUED $9,369,122 OF ROOM AND BOARD ADJUSTMENTS IN 2020 AS A RESULT OF THE CAMPUS CLOSURE DUE TO THE CORONAVIRUS (COVID-19) PANDEMIC. ISSUED $9,369,122 OF ROOM AND BOARD ADJUSTMENTS IN 2020 AS A RESULT OF THE CAMPUS CLOSURE DUE TO THE CORONAVIRUS (COVID-19) PANDEMIC.
FORM 990, PART III, LINE 4AFAIRFIELD UNIVERSITY IS AN INSTITUTION OF HIGHER LEARNING WITH UNDERGRADUATE, GRADUATE, DOCTORATE AND CONTINUING EDUCATION ACADEMIC PROGRAMS INCLUDING STUDENTS RESIDING ON CAMPUS. FULL-TIME EQUIVALENT ENROLLMENT FOR THE 2019-2020 ACADEMIC YEAR WAS 4,208 UNDERGRADUATES AND 645 GRADUATE STUDENTS WITH APPROXIMATELY 3,156 STUDENTS LIVING IN ON-CAMPUS RESIDENCES. ALSO INCLUDED IN OUR PROGRAM SERVICES IS A SECONDARY PREPARATORY SCHOOL WITH AN ENROLLMENT OF APPROXIMATELY 770 STUDENTS. FAIRFIELD UNIVERSITY WELCOMED 1,176 MEMBERS OF THE CLASS OF 2023 AND 46 TRANSFER STUDENTS TO CAMPUS IN THE FALL OF 2019. THE CLASS OF 2023 IS A STRONG CLASS, WITH AN AVERAGE SAT SCORE OF 1280, SLIGHTLY HIGHER THAN THAT OF THE CLASS OF 2022. CONTINUED REFINEMENT OF THE FINANCIAL AID PROCESS AS WELL AS ENHANCEMENTS TO CAMPUS PROGRAMMING AND FOLLOW UP COMMUNICATION EFFORTS RESULTED IN A CLASS THAT EXCEEDED OUR BUDGETED GOALS. RECOGNITION OF QUALITY AND VALUE: Fairfield University was once again recognized in the annual U.S. News and World Report (USNWR) Best Colleges 2020 rankings, placing #3 for Best Regional Universities in the North. Other regional distinctions for Fairfield include No. 1 spot at the top of USNWRs Best Undergraduate Teaching list, and No. 2 Most Innovative School. Fairfield also ranked No. 9 for Student Success-Service Learning, and on USNWRs list of 2020 Academic Programs to Look For, tying with the University of Notre Dame. Fairfield earned places on USNWRs list of Best Engineering Programs and Best Undergraduate Business Programs. In other national rankings, Fairfield ranked in the top 100 for all private institutions and top 150 overall on the Forbes list of Americas Top Colleges. The Princeton Review named Fairfield among the Best 385 Colleges in its annual 2020 college rankings, where the University placed No. 14 for Best Alumni Network, No. 14 for Best Schools for internships, No. 16 for its location in the town of Fairfield, and No. 19 for Happiest Students. In The Wall Street Journal/Times Higher Education rankings for 2020, Fairfield placed in the top quartile, ranked among the top 200, and placed high in the engagement category, and in the top 20% of schools for outcomes. Egan School of Nursing and Health Studies Ranked No. 7 nationally in College Factual's 2020 'Best Colleges Ranking', placing the Egan School in the top 5 percent of programs in the country. The Egan school was also ranked No. 1 in Connecticut for its nursing program, and was recognized nationally for producing the top 5 percent highest paid graduates in the health professions. Fairfields student-athletes achieved one of the highest graduation rates in the nation by the NCAA - a 96 percent graduation success rate (GSR) for a 4 year cohort of student-athletes. Eleven sports at Fairfield University achieved a 100 percent graduation rate.
FORM 990, PART III, LINE 4BAUXILIARY SERVICES INCLUDE THE COSTS OF ROOM AND BOARD FOR APPROXIMATELY 3,156 FULL-TIME UNDERGRADUATE STUDENTS LIVING ON CAMPUS IN RESIDENCE HALLS, TOWNHOUSES, AND APARTMENT COMPLEXES RESIDING ON A 200-ACRE CAMPUS. GRADUATE STUDENT HOUSING IS ALSO OFFERED IN INDEPENDENT OFF-CAMPUS HOUSES, AND IN AN APARTMENT STYLE RESIDENCE HALL.
FORM 990, PART VI, SECTION B, LINE 11IT IS THE POLICY OF FAIRFIELD UNIVERSITY THAT EACH VOTING MEMBER OF THE FINANCE AND AUDIT COMMITTEE OF THE BOARD OF TRUSTEES IS PRESENTED WITH A COPY OF THE COMPLETED IRS FORM 990 BEFORE IT IS FILED WITH THE IRS. FORM 990 IS REVIEWED AND APPROVED BY THE VICE PRESIDENT FOR FINANCE BEFORE IT IS FORWARDED TO THE FINANCE AND AUDIT COMMITTEE.
FORM 990, PART VI SECTION B, LINE 12CMEMBERS OF THE BOARD OF TRUSTEES ARE ASKED TO SIGN A CONFLICT OF INTEREST STATEMENT. THE STATEMENT SHALL BE SIGNED ANNUALLY BY EACH BOARD MEMBER AS A CONDITION OF MEMBERSHIP ON THE BOARD OF TRUSTEES. EACH TRUSTEE IS EXPECTED TO DISCLOSE IN WRITING TO THE CHAIRMAN OF THE BOARD ALL SITUATIONS IN WHICH CONFLICTS MIGHT EXIST, OR APPEAR TO EXIST. CONFLICT OF INTEREST STATEMENTS ARE COLLECTED AND REVIEWED BY THE UNIVERSITY SECRETARY. NO TRUSTEE HAVING INTERESTS CONFLICTING WITH THE INTERESTS OF THE UNIVERSITY, OR APPEARING SO, SHALL TAKE PART IN THE DELIBERATIONS OR VOTES OF THE BOARD INVOLVING THE QUESTION CONCERNING THE CONFLICT NOR SEEK TO INFLUENCE THE OTHER TRUSTEES ON THAT QUESTION.
FORM 990, PART VI, SECTION B, LINE 15a and 15bTHE REVIEW PROCESS INCLUDES ALL OF THESE ELEMENTS (1) REVIEW AND APPROVAL BY THE BOARD OF TRUSTEES - COMPENSATION IS REVIEWED AND APPROVED BY THE BOARD OF TRUSTEES OF FAIRFIELD UNIVERSITY, PROVIDED THAT PERSONS WITH CONFLICTS OF INTEREST WITH RESPECT TO THE COMPENSATION ARRANGEMENT AT ISSUE ARE NOT INVOLVED IN THIS REVIEW AND APPROVAL (2) USE OF DATA AS TO COMPARABLE COMPENSATION - THE COMPENSATION OF THE PERSON IS REVIEWED AND APPROVED USING DATA AS TO COMPARABLE COMPENSATION FOR SIMILARLY QUALIFIED PERSONS IN FUNCTIONALLY COMPARABLE POSITIONS AT SIMILARLY SITUATED UNIVERSITIES. THE FOLLOWING METHODS HAVE BEEN USED A. REVIEW BY AN INDEPENDENT THIRD PARTY; B. CONDUCT MARKET ASSESSMENT OF SALARIES; AND C. EVALUATE THE APPROPRIATENESS OF THE CURRENT SALARY STRUCTURE TO ENSURE THAT WE ARE AND REMAIN COMPETITIVE WITH THE MARKET, AS WELL AS REMAIN INTERNALLY EQUITABLE. (3) CONTEMPORANEOUS DOCUMENTATION AND RECORDKEEPING - THERE IS CONTEMPORANEOUS DOCUMENTATION AND RECORDKEEPING WITH RESPECT TO THE DELIBERATIONS AND DECISIONS REGARDING THE COMPENSATION ARRANGEMENT. THE LAST TIME OF REVIEW WAS JUNE 2020 DURING THE BOARD MEETING.
FORM 990, PART VI, SECTION C, LINE 19GOVERNING DOCUMENTS SUCH AS FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICY AND WHISTLEBLOWER POLICY ARE AVAILABLE ON THE UNIVERSITY'S WEBSITE AND ALSO BY REQUEST.
FORM 990, PART XI, LINE 9OTHER CHANGES IN NET ASSETS: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENT (118,243) UNCOLLECTIBLE PLEDGES WRITE-OFF (316,715) --------- TOTAL (434,958)