2020-04-09T14:55:12-05:00 2019-05-31 KPMG LLP 345 PARK AVENUE NEW YORK NY 101540102 990 2018-06-01 111630830 St John's University New York % Sharon Hewitt Watkins STJO 7189903369 8000 Utopia Parkway Jamaica NY 11439 SHARON HEWITT WATKINS VP BUS AFRS CFO/TREA 7189903369 2020-04-07 true DEVIN L DUNCAN P01249521 2127589700 2020-04-06 167.68.102.5 56038220201005000001 2020-04-09 P 5D7B52A41C2226A5E4849843C7D809138903E6FF 5D7B52A41C2226A5E4849843C7D809138903E6FF 2018 2020-09-22 18:59:49Z Conrado M Gempesaw PhD 8000 Utopia Parkway Jamaica NY 11439 912075437 false X www.stjohns.edu X 1871 NY St. John's University is a Catholic, Vincentian, Metropolitan, and Global Institution of Higher Education (Continued on Schedule O). 26 25 6389 239 -234959 0 55710446 36339209 689214514 711491398 36266091 69947623 0 0 781191051 817778230 265843882 280591100 0 0 280008453 283175477 0 0 8503089 185563950 186783294 731416285 750549871 49774766 67228359 1507064856 1492505023 599478824 570609728 907586032 921895295 X St. John's University is a Catholic, Vincentian, Metropolitan, and Global Institution of Higher Education (continued on Schedule O). false false 701860563 280591100 711491398 Higher Education: St. John's University is a Catholic, Vincentian, Metropolitan, and Global Non-Profit Institution of higher learning. St. John's University offers more than 100 unique degree programs at the associate, bachelor's, master's, and doctoral levels. The degree programs, which are housed in six schools and colleges, span a wide range of disciplines from the liberal arts to professional programs. Approximately 16,884 Undergraduate and 4,759 Graduate students are enrolled in courses. (21,643 Students) 701860563 true true false true false false false false false true true true false false true true false true true true true false true false true false false false true true true false false false false false false false false false false true false false false true true true false false false true X 29293 0 true 6389 true true true true FR IT SP false false false true true false false false false true false X 26 25 false false false false false false false true true false false true true true true true true true true false IN KY MD MA MI NH NJ ND OR PA VA X Sharon Hewitt Watkins 7189903369 8000 UTOPIA PARKWAY Jamaica NY 11439 X Rev Elmer Bauer III CM Board Member 1.0 0.0 X 0 0 0 Paul M Carroll Board Member 1.0 0.0 X 0 0 0 William L Collins Chair of Board - Thru 5/8/19 5.0 0.0 X 0 0 0 Rev Gregory P Cozzubbo CM Board Member 1.0 0.0 X 0 0 0 Rev Kevin G Creagh CM Ed D Board Member 1.0 0.0 X 0 0 0 Margaret LaRosa D'Angelo Board Member 1.0 0.0 X 0 0 0 Pascal Desroches Board Member 1.0 0.0 X 0 0 0 Margaret M Fitzpatrick SC Ed D Board Member 1.0 0.0 X 0 0 0 Anita Gomez-Palacio Board Member 1.0 0.0 X 0 0 0 Very Rev Stephen M Grozio CM Vice Chair of Board 3.0 0.0 X X 0 0 0 Suzanne M Halpin Board Member 1.0 0.0 X 0 0 0 William J Janetschek Chair of Board 5.0 0.0 X X 0 0 0 Robert F Kalenka Board Member 1.0 0.0 X 0 0 0 Margaret M Keane Secretary of Board 1.0 0.0 X X 0 0 0 Sr Carol Keehan DC Board Member 1.0 0.0 X 0 0 0 Rev Gerard H Luttenberger CM STD Board Member 1.0 0.0 X 0 0 0 Rev Robert P Maloney CM STD Board Member 1.0 0.0 X 0 0 0 Joseph M Mattone SR Esq Board Member 1.0 0.0 X 0 0 0 Rev Thomas F McKenna CM STD Board Member 1.0 0.0 X 0 0 0 Joseph C O'Connor Board Member - Thru 5/8/19 1.0 0.0 X 0 0 0 Lewis Rice Jr Board Member 1.0 0.0 X 0 0 0 James J Shannon Board Member 1.0 0.0 X 0 0 0 Brian T Shea Board Member 1.0 0.0 X 0 0 0 Patricia Castel Skarulis Board Member 1.0 0.0 X 0 0 0 Joseph A Tarantino Board Member 1.0 0.0 X 0 0 0 Tarik S Turner Board Member 1.0 0.0 X 0 0 0 Rev Edward R Udovic CM PhD Board Member - Thru 5/8/19 1.0 0.0 X 0 0 0 Catherine M Verrelli Board Member - Began 5/9/19 1.0 0.0 X 0 0 0 Conrado M Gempesaw PhD President 40.0 0.0 X X 741247 0 78527 Rev Bernard M Tracey CM Executive VP for Mission 40.0 0.0 X 0 0 0 Robert A Mangione Pvst & VP ACA Aff-Thru 6/30/18 40.0 0.0 X 428049 0 96910 Sharon Hewitt Watkins VP for Bus Affairs, CFO & Trea 40.0 0.0 X 410548 0 74997 Joseph E Oliva Esq VP for Admin Sec & Gen Counsel 40.0 0.0 X 447165 0 122736 Simon Moller-eff 7118 Interim Pvst & VP ACAD Aff 40.0 0.0 X 274599 0 55684 Mark J Browne Professor 40.0 0.0 X 426060 0 59997 Christopher P Mullin Hd Coach Men Bbal-thru 4/9/19 40.0 0.0 X 1992824 0 165144 Norean Sharpe Dean Tobin College of Business 40.0 0.0 X 430888 0 52274 Michael A Simons Dean Law School 40.0 0.0 X 429270 0 72588 Joseph L Tartamella Head Coach Women's Basketball 40.0 0.0 X 456488 0 79266 6037138 0 858123 671 false true false Collins Building Services Inc Court Square Place 24-01 44th Rd Long Island City NY 11101 Bldg Maintenance 18102895 Chartwells 91337 Collections Drive Chicago IL 60693 Food Service 14555976 Shawmut Woodworking Supply Inc 3 East 54th Street New York NY 10022 Construction 2683979 Med-Tek Contracting Inc 601 N Macquesten Parkway Mount Vernon NY 10552 Construction 2233734 ACA Ind Inc dba American Maintenanc 385 West Main Street BABYLON NY 11702 Bldg Maintenance 1643571 88 3720603 8212818 24405788 642609 36339209 Tuition and Fees 900099 635899353 635899353 Auxiliary Enterprises 900099 69894906 69890524 4382 Other Revenue 900099 5697139 5697139 711491398 12182065 -239341 12421406 254062 254062 0 0 0 0 149798734 92287238 57511496 57511496 57511496 2009969 3720603 2009969 0 0 0 0 0 0 0 817778230 711487016 -234959 70186964 0 275199198 275199198 5391902 5391902 0 2329097 373452 1686180 269465 0 204042292 187999942 12015391 4026959 13554434 12359280 885343 309811 49668269 44553164 3989877 1125228 13581385 12372249 936176 272960 0 957052 383341 543710 30001 255679 86638 160201 8840 8045 8045 0 4168027 1412368 2611556 144103 0 1901037 1505306 354062 41669 12376159 8864620 3162902 348637 6267309 3854350 2285602 127357 0 18288370 17722448 536062 29860 8664878 8307969 258590 98319 0 141740 136296 5159 285 16861976 14874358 1883679 103939 0 39844100 38060787 1690058 93255 3063917 1125871 1836699 101347 Repairs and Maintenance 26689510 25609754 1022792 56964 Meal Plan & Food Svc Costs 11207121 11207121 Professional Services 7803057 5928144 1299608 575305 LIB PERIOD/ BKS/ ONLINE RES 3972883 3972883 24312434 20559122 3014527 738785 750549871 701860563 40186219 8503089 X 5252739 11285799 24070494 30524381 30115347 31569939 21711384 18727492 0 0 0 0 0 0 0 0 2264163 3044801 1063350345 460858185 619590380 602492160 367127471 321603656 395367477 433331892 14303953 11664593 0 0 27261448 28260310 1507064856 1492505023 76134626 72907707 0 0 19820871 16678622 477695395 455385234 0 0 0 0 0 0 5995000 5695000 19832932 19943165 599478824 570609728 X 686899498 688415104 77837144 76163341 142849390 157316850 907586032 921895295 1507064856 1492505023 X 67228359 -52673707 -245389 X X false true X true true true X 30371569 27707728 36047419 55710446 36339209 186176371 0 0 30371569 27707728 36047419 55710446 36339209 186176371 12258162 173918209 8069176 7718202 8355159 9577059 12182065 45901661 0 248985 140308 25379 81852 254062 750586 232828618 3369501131 0.74698 0.77070 X Schedule A, Part II, Line 10 - Other Income Represents Income Earned on Funds Held by Bond Trustees. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED true true false true false false true 14390 false true 8045 22435 false Schedule C, Part II-B, Line 1 The University's Office of Government Relations and the President are the primary liaisons to Local, State and Federal government through their regular communication regarding the University's mission, goals and programs. The office of Government Relations also apprises the University's officials about pertinent government activities to ensure the University is sufficiently informed. The primary focus of the University's effort is directed toward helping government representatives learn more about St. John's University. The University's participation in the legislative process is primarily through its memberships in the Commission on Independent Colleges and Universities (CICU) and the National Association of Independent Colleges and Universities (NAICU). The University does not have any other lobbying activities other than those listed on lines 1a, 1b, 1d, 1g and 1i. 756098839 13886272 15888125 6322089 26296590 4381558 748872999 716485533 12266086 64182689 6217187 26758633 3859649 756098839 643376223 18305353 90816318 6085412 26381175 3545774 716485533 692346220 26809410 -15468268 6222554 51546411 2542174 643376223 651520182 29359509 42366896 4525946 25132698 1241723 692346220 0.76510 0.18220 0.05270 false false 27708117 27708117 551232484 200184726 351047758 25965073 11208710 14756363 113359439 52890853 60468586 345085232 196573896 148511336 602492160 ALT. INV & COMMINGLED FUNDS 430388563 F SPLIT INTEREST AGREEMENTS 2943329 F 433331892 0 REFUNDABLE U.S. GOVERNMENT ADVANCES 13393249 PRESENT VALUE OF ANNUITIES PAYABLE 3929190 INTEREST RATE SWAP LIABILITY 2620726 19943165 X 484051413 -52673707 -278895052 -331568759 815620172 4168027 -2009969 2158058 817778230 469742150 2009969 2009969 467732181 4168027 278649663 282817690 750549871 Schedule D, Part V, Line 4 The University's endowment funds are invested for the long-term to generate investment income which is used to support operations, scholarships, professorships, chairs and other initiatives of the University related to its educational mission. Schedule D, Part X, Line 2 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 consolidated financial statements. As of May 31, 2019 and 2018, the University has not identified or provided for any such positions. Schedule D, Part XI, Line 2d OTHER CONSISTS OF THE CHANGE IN FAIR VALUE OF INTEREST RATE SWAP OF ($245,389) AND SCHOLARSHIP ALLOWANCES OF ($278,649,663). Schedule D, Part XI, Line 4B & Part XII, Line 2d Expenses of $2,009,969 related to fundraising events. SCHEDULE D, PART XII, LINE 4B OTHER CONSISTS OF SCHOLARSHIP ALLOWANCES OF $278,649,663. true true true true true true true false false false false false false false false true false true Schedule E, Part I, Line 3 The University publicizes its racially nondiscriminatory policy to the community it serves in various ways, including by posting the policy To its website, publishing the policy in its Undergraduate and Graduate Bulletins, and printing the policy on its applications for employment. Schedule E, Part I, Line 6 The University consistently strives to place an outstanding higher education within the financial reach of all qualified applicants. The University awards millions of dollars in federal and state financial aid funds each year based upon a student's financial need. Additionally, the University provides financial aid via University grants-in-aid AND scholarships. Grants-in-Aid are awarded on the basis of demonstrated financial need assessed by the use of a standard financial aid application, currently the Free Application for Federal Student Aid (FAFSA), which analyzes the family income data provided on the FAFSA through the mandated Federal Methodology. All need-based financial aid must be awarded according to a student's calculated financial need. Scholarship awards are primarily provided on scholastic achievement. University scholarships are highly competitive and available to students through a combination of academic achievement and personal commitment, display of values, compassion, and pursuit of excellence which embody the spirit and mission of the University. The University has many scholarships funded through special endowments and donations. In most instances, academic merit and financial need are considered along with the particular requirements of the scholarship selection process. Also, various associations, corporations, foundations and unions provide scholarships for recipients whom they select. true Europe (Including Iceland and Greenland) 2 77 Program Services Instruction 8134132 Central America and the Caribbean 4 Program Services Instruction 120961 East Asia and the Pacific 2 Program Services Service Learning 14050 Sub-Saharan Africa 1 Program Services Service Learning 3908 Central America and the Caribbean Investments 149820128 Europe (Including Iceland and Greenland) Investments 26058493 East Asia and the Pacific 6 Program Services Recruiting Expense 425311 Europe (Including Iceland and Greenland) 2 Program Services Recruiting Expense 54250 South America 2 Program Services Recruiting Expense 26623 Middle East and North Africa 1 Program Services Recruiting Expense 7147 Central America and the Caribbean 1 Program Services Recruiting Expense 4950 South Asia 1 Program Services Recruiting Expense 2726 North America 1 Program Services Recruiting Expense 1326 Europe (Including Iceland and Greenland) Grantmaking Grants to Recipients 5391902 Europe (Including Iceland and Greenland) Program Services CONDUCT BOARD MEETINGS 152943 2 98 2 98 190218850 190218850 Scholarships Europe (Including Iceland and Greenland) 486 5391902 Scholarships FMV true false true true true true Schedule F, Part I, Line 2 The procedures for monitoring the use of grant funds outside the United States are consistent with the monitoring performed for domestic grants in the United States. See Schedule I, Part IV for further detail. President's Din 1940584 1510795 429789 246499 66500 116790 Insurance Lead 2111850 1329502 782348 503701 2500 276147 21 1678138 880306 797832 1420 25782 10825 419428 176996 163381 5730572 3720603 2009969 1420 25782 10825 1169628 245996 556318 2009969 true Scholarships 13556 273405438 FMV Scholarships Scholarships 337 1793760 Schedule I, Part I, Line 2 The University consistently strives to place an outstanding higher education within the financial reach of all qualified applicants. The University awards millions of dollars in federal and state financial aid funds each year based upon a student's financial need. Additionally, the University provides financial aid via University grants-in-aid and scholarships. Grants-in-Aid are awarded on the basis of demonstrated financial need assessed by the use of a standard financial aid application, currently the Free Application for Federal Student Aid (FAFSA), which analyzes the family income data provided on the FAFSA through the mandated Federal Methodology. All need-based financial aid must be awarded according to a student's calculated financial need. Scholarship awards are primarily provided on scholastic achievement. University scholarships are highly competitive and available to students through a combination of academic achievement and personal commitment, display of values, compassion, and pursuit of excellence which embody the spirit and mission of the University. The University has many scholarships funded through special endowments and donations. In most instances, academic merit and financial need are considered along with the particular requirements of the scholarship selection process. Also, various associations, corporations, foundations and unions provide scholarships for recipients whom they select. X X X X true true X X X X X false false false false false false false false false Conrado M Gempesaw PhD President 648969 0 0 0 92278 0 32250 0 46277 0 819774 0 0 0 Robert A Mangione Pvst & VP ACA Aff-Thru 6/30/18 416361 0 6900 0 4788 0 42280 0 54630 0 524959 0 0 0 Sharon Hewitt Watkins VP for Bus Affairs, CFO & Trea 386954 0 5000 0 18594 0 36630 0 38367 0 485545 0 0 0 Joseph E Oliva Esq VP for Admin Sec & Gen Counsel 400245 0 25050 0 21870 0 41564 0 81172 0 569901 0 0 0 Simon Moller-eff 7118 Interim Pvst & VP ACAD Aff 265729 0 5000 0 3870 0 20738 0 34946 0 330283 0 0 0 Mark J Browne Professor 425286 0 0 0 774 0 19621 0 40376 0 486057 0 0 0 Christopher P Mullin Hd Coach Men Bbal-thru 4/9/19 1989604 0 0 0 3220 0 25250 0 139894 0 2157968 0 0 0 Norean Sharpe Dean Tobin College of Business 398962 0 3000 0 28926 0 19000 0 33274 0 483162 0 0 0 Michael A Simons Dean Law School 419286 0 9570 0 414 0 37598 0 34990 0 501858 0 0 0 Joseph L Tartamella Head Coach Women's Basketball 439604 0 14000 0 2884 0 43500 0 35766 0 535754 0 0 0 Schedule J, Part I, Line 1a Charter Travel: As needed, the University's Athletic teams travel via chartered aircraft. Charter travel is needed to transport the teams in the most time effective and cost efficient manner. Coaches listed in Form 990, Part VII, travel with the team on these occasions. None of the benefit is taxable compensation. Travel for Companions: If approved by the chair of the Board of the Trustees, the University covers the cost of travel for the President's spouse when she accompanies him on University travel in connection with University Business. None of the benefit is taxable compensation. President's Housing: The president is provided housing near campus for the convenience of the University as a condition of employment so that he can fully engage in campus life, entertain students, donors and faculty; for proximity to the campus for many evening events; and to be nearby in the event of emergencies. Additionally, the president uses the employer-provided house for significant business use, such as entertaining donors, University meetings and other business activities. None of the benefit is taxable compensation, and an estimate of annual value is reported in Schedule J, Part II, column (D). Tax Indemnification and Gross-up Payments: Other reportable compensation for the President includes a supplemental payment for his retirement plan and the related tax gross-up pursuant to his employment agreement. A DASNY St John's University Series 2007C 146000293 649903FF3 2007-02-22 138318912 Refund 1996, 1998 & 2001A Bonds false false false B DASNY St John's University Series 2008B1& 2008B2 146000293 6499033S8 2008-09-24 135540000 Refund 2005B, 2005C & 2007B false false false C DASNY St John's University Series 2012A 146000293 649906S54 2012-08-09 55493238 Refund 1998, 2001A & 2005A false false false D DASNY St John's University Series 2012B 146000293 649906U28 2012-08-09 50021736 Refund 2008A Bonds false false false A 25360000 0 138318912 0 0 0 1652825 1238011 0 0 135428076 0 2001 true true true true B 26410000 0 135540000 0 0 0 2056088 0 0 0 133483912 0 2009 true false true true C 47770000 0 55493238 0 0 0 669695 0 0 0 54823543 0 2008 true true true true D 28675000 0 50021736 0 0 0 771170 0 0 0 49250566 0 2009 true false true true A 0 B false false true true false 0.00500 0.00500 false true 0.00168 true true C false false true true false 0.00400 0.00400 false true 0.00193 true true D false false true true false 0.00700 0.00700 false true 0.00168 true true A false false false true false false 0 false 0 false true B false false false true true false 0 false 0 false true C false false false true false false 0 false 0 false true D false false false true false false 0 false 0 false true A true B true C true D true Schedule K, Part II, Line 11 DASNY St. John's University Series 2007C - The other spent proceeds are the refunding proceeds that are no longer in escrow. DASNY St. John's University Series 2008B1 and 2008B2 - The other spent proceeds are the refunding proceeds that are no longer in escrow. DASNY St. John's University Series 2012A - The other spent proceeds are the refunding proceeds that are no longer in escrow. DASNY St. John's University Series 2012B - The other spent proceeds are the refunding proceeds that are no longer in escrow. DASNY St. John's University Series 2015A - The other spent proceeds are the refunding proceeds that are no longer in escrow. DASNY St. John's University Series 2017A - The other spent proceeds are the refunding proceeds that are no longer in escrow. Schedule K, Part III, Line 4 DASNY St. John's University Series 2013A - All activities and contracts currently operated within this bond-financed space are either related to St. John's University, New York's tax exempt purpose or fall within one of the safe harbors and/or exceptions, and consequently do not result in private business use in this bond-financed space. Schedule K, Part III, Line 8B, Columns B, C and D (St. John's Bonds) The percentages of bond-financed property sold or disposed of include bonds issued to refund bonds originally issued prior to 2003. Schedule K, Part III, Line 8C, Columns B, C and D (St. John's Bonds) The University sold certain bond-financed assets in September 2016, but did not take remedial action at that time. Upon discovery of the issue and the need to remediate, the University promptly consulted with the issuer of the bonds, and submitted a request for a closing agreement under the internal revenue service (IRS) Voluntary closing agreement program in May 2018 which was approved by the IRS in April 2019. SCHEDULE K, PART IV, LINE 2C (ST. JOHN'S BONDS) DANSY ST. JOHN'S UNIVERSITY 2007C - THERE IS NO REBATE DUE. REBATE CALCULATION WAS DONE ON MARCH 8, 2017. DANSY ST. JOHN'S UNIVERSITY SERIES 2008B1 & 2008B2 - THERE IS NO REBATE DUE. REBATE CALCULATION WAS DONE ON SEPTEMBER 27, 2018. DANSY ST. JOHN'S UNIVERSITY SERIES 2012A - THERE IS NO REBATE DUE. REBATE CALCULATION WAS DONE ON AUGUST 22, 2017. DANSY ST. JOHN'S UNIVERSITY SERIES 2012B - THERE IS NO REBATE DUE. REBATE CALCULATION WAS DONE ON AUGUST 22, 2017. SCHEDULE K, PART IV, LINE 2C (St. John's Bonds 2013, 2015 & 2017 Series) DASNY ST. JOHN'S UNIVERSITY SERIES 2013A - THERE IS NO REBATE DUE. REBATE CALCULATION WAS DONE ON AUGUST 31, 2018. A DASNY St John's University Series 2013A 146000293 649907XK3 2013-11-20 58019006 Purchase student residence false false false B DASNY St John's University Series 2015A 146000293 6499076D9 2015-04-15 121109546 Refund 2007A Bonds false false false C DASNY St John's University Series 2017A 146000293 64990c6d8 2017-12-28 51095452 Refund 2012A&B, 2008B1&B2 Bonds false false false A 0 0 58019006 0 0 0 869568 0 0 57149438 0 0 2017 false false true true B 2220000 0 121109546 0 0 0 1072236 0 0 0 120037310 0 2015 false true true true C 0 0 51095452 0 0 45611715 687320 0 0 0 4796417 0 2018 true true true true A false false true true false 0 false false false true B false false true true false 0.00600 0.00600 false false false true C false false true true false 0.00500 0.00500 false false false true A false false false true false false 0 false 0 false true B false true false false false false 0 false 0 false true C false true false false false false 0 false 0 false true A true B true C true X 18 642609 See Part II false true true Schedule M, Part I, Column B The University is reporting the number of contributions. SCHEDULE M, PART I, LINE 9 AVERAGE MARKET PRICE ON DATE STOCK IS RECEIVED. SCHEDULE M, PART I, LINE 32B THE UNIVERSITY ONLY USES STOCK BROKERS TO SELL STOCKS THAT ARE DONATED TO THE UNIVERSITY. THERE IS NO SOLICITING FOR NON-CASH DONATIONS INVOLVED IN THIS PROCESS. Organization's Mission Form 990, Part I, Line 1 and Part III, Line 1 ST. JOHN'S UNIVERSITY IS A CATHOLIC, VINCENTIAN, METROPOLITAN, AND GLOBAL INSTITUTION OF HIGHER EDUCATION THAT STRIVES TO PROVIDE EXCELLENT EDUCATION FOR ALL PEOPLE; ESPECIALLY THOSE LACKING ECONOMIC AND SOCIAL ADVANTAGES. THE VINCENTIAN TRADITION AT ST. JOHN'S UNIVERSITY IS THE FOUNDATION AND THE SOURCE OF THE CORE VALUES ITS MEMBERS STRIVE TO EMBODY: TRUTH, LOVE, RESPECT, OPPORTUNITY, EXCELLENCE, AND SERVICE. Form 990, Part VI, Section B, Line 11b The Form 990 is reviewed by the Audit and Risk Committee of the Board of Trustees and is made available to the entire Board of Trustees prior to filing. Form 990, Part VI, Section B, Line 12c The University monitors and enforces compliance with its conflict of interest policy by obtaining signed and dated conflict of interest statements from officers and all members of the Board of Trustees on an annual basis. Any trustee with an interest in a proposed transaction is required to make a full disclosure of all material facts as soon as he/she becomes aware of the proposed transaction, and he/she may not participate in any deliberation or vote, or exercise any influence with regard to the proposed transaction. Form 990, Part VI, Section B, Line 15 An external consultant is contracted to compile survey data from educational, not-for-profit and peer institutions as well as information on other Form 990s to establish comparable compensation ranges. The President's compensation is recommended by the consultant and presented to the independent chairman of the Board of Trustees. Management's recommendations of officers' compensation are approved by the independent Governance Committee of the board of trustees. The University's compensation review and approval process is recorded contemporaneously in the minutes. The 2019 review was completed on November 16, 2018. Form 990, Part VI, Section C, Line 19 The University makes its governing documents, conflict of interest policy, and financial statements available to the public upon request. Form 990, Part VII, Section A, Line 1a Pursuant to an agreement with the congregation of the mission of St. Vincent De Paul, compensation for Rev. Bernard M. Tracey, C.M., Executive Vice President for Mission, is paid directly to the congregation of the mission. FORM 990, PART X, LINES 27-29 THE FASB ISSUED ACCOUNTING STANDARDS UPDATE (ASU) 2016-14 NOT-FOR-PROFIT ENTITIES (TOPIC 958), PRESENTATION OF FINANCIAL STATEMENTS OF NOT-FOR-PROFIT ENTITIES, WHICH AMONG OTHER THINGS, CHANGES HOW NOT-FOR-PROFIT ENTITIES REPORT NET ASSET CLASSES. THE SIGNIFICANT REQUIREMENTS OF ASU 2016-14 INCLUDE REDUCTION IN THE NUMBER OF NET ASSET CLASSES FROM THREE TO TWO: WITH DONOR RESTRICTIONS (FORMERLY REPORTED AS TEMPORARILY RESTRICTED NET ASSETS AND PERMANENTLY RESTRICTED NET ASSETS) AND WITHOUT DONOR RESTRICTIONS (FORMERLY REPORTED AS UNRESTRICTED NET ASSETS). THE 2018 FORM 990, PART X WAS NOT UPDATED TO REFLECT THE CHANGE IN NET ASSET CLASS TERMINOLOGY; THEREFORE, THE UNIVERSITY HAS REPORTED NET ASSETS WITHOUT DONOR RESTRICTIONS AS UNRESTRICTED NET ASSETS, NET ASSETS WITH DONOR RESTRICTIONS - TIME OR PURPOSE - AS TEMPORARILY RESTRICTED NET ASSETS, AND NET ASSETS WITH DONOR RESTRICTIONS - PERPETUAL - AS PERMANENTLY RESTRICTED NET ASSETS. Form 990, Part XI, Line 9 Change in fair value of interest rate swap of ($245,389). Form 990, Part XII, Line 2c The consolidated audited financial statements as of and for the year ended May 31, 2019 have been prepared by St. John's University and include the University and its affiliates - St. John's Paris Association and the Rome SRL. The University's Audit and Risk Committee assumes responsibility for oversight of the audit of the University's financial statements and selection of the University's independent auditors. Schedule F, Part III, Column (C) and Schedule I, Part III, Column (B) Some of the recipients that received grants outside the U.S. also received grants inside the U.S. ST JOHN'S PARIS ASSOCIATION 93 RUE DE SEVRES PARIS FR 75006 EDUCATION FR 1954378 143955 STJOHN'SNY ST JOHN'S UNIVERSITY SRL VIA MARCANTONIO COLONNA 21A ROME IT 00192 EDUCATION IT 369711 735967 STJOHN'SNY St John's Bread & Life Program Inc 795 Lexington Avenue Brooklyn NY 11221 113174514 Meals/SVCS NY 501(c)(3) 7 StJohn'sNY true Pooled Income Fund 8000 Utopia Parkway Jamaica NY 11439 Investment NY NA true Charitable Remainder Trust 8000 Utopia Parkway Jamaica NY 11439 Investment NY NA true ST VINCENT DE PAUL LEGAL PROGRAM INC 8000 UTOPIA PARKWAY JAMAICA NY 11439 113068398 LEGAL CLINIC NY ST JOHN'S NY C CORP 1.00000 true false true false false false false false false false false false true false false false false false false false