2020-03-11T10:13:30-05:00 2019-06-30 KPMG LLP 345 PARK AVENUE NEW YORK NY 10154 990 2018-07-01 060646829 University of Saint Joseph % DINA A LUKINA CONTROLLER UNIV 8602315220 1678 Asylum Avenue West Hartford CT 061172764 LUCY A LUCKER VP FIN & ADMIN 8602315314 2020-03-09 true DEVIN L DUNCAN P01249521 2127589700 2020-03-09 167.68.102.5 06014420200715000000 2020-03-11 P 2EFB9A2273A280871CB6E2783C42C633A2C5F4AB F7E791049FCEE4943A341CCA4F642AE72B60D2A0 2018 2020-09-23 17:36:50Z Rhona C Free 1678 Asylum Avenue West Hartford CT 061172764 93668403 false 0928 X www.usj.edu X 1925 CT THE UNIVERSITY PROVIDES A RIGOROUS LIBERAL ARTS & PROFESSIONAL EDUCATION FOR A DIVERSE STUDENT POPULATION & ENCOURAGES STRONG ETHICAL VALUES, INTEGRITY & RESP. TO SOCIETY 29 28 1408 100 52981 7146283 4976074 72348838 79616139 1246687 782750 1028745 1066102 81770553 86441065 12840325 15978686 0 0 44434314 45820778 28842 16000 1238459 19081024 20776060 76384505 82591524 5386048 3849541 84953456 94051380 31605456 39936380 53348000 54115000 X THE UNIVERSITY PROVIDES A RIGOROUS LIBERAL ARTS AND PROFESSIONAL EDUCATION FOR A DIVERSE STUDENT POPULATION. (SEE SCHEDULE O FOR THE ORGANIZATION'S MISSION.) false false 58146239 15978686 64986265 COLLEGE AND MASTERS/DOCTORAL PROGRAMS SEE SCHEDULE O FOR PROGRAM DESCRIPTION. 11553000 14629874 MODEL SCHOOLS SEE SCHEDULE O FOR PROGRAM DESCRIPTION. 69699239 true true false true false false false true false true true false false false true true true false true false false false true true true false false false true true true false false false false false false false false false false true true false false false true false false false true 216 0 true 1408 true true true false false false false true true false false false false false false X 29 28 false false false false true true true true true false false true true true true true true true false false AK CO DC KY MD MA MI NV NH NJ OK OR SC WA X DINA A LUKINA CONTROLLER 8602315405 1678 ASYLUM AVE WEST HARTFORD CT 06117 X RHONA C FREE PHD PRESIDENT 38.0 0.0 X X 316990 0 131488 ELIZABETH C BARTON JD CHAIR 1.0 0.0 X X 0 0 0 PATRICIA J ROONEY RSM VICE CHAIR 1.0 0.0 X X 0 0 0 BREWSTER B PERKINS MBA SECRETARY 1.0 0.0 X X 0 0 0 GREGORY A BOYKO JD TRUSTEE 1.0 0.0 X 0 0 0 JUDITH A CAREY RSM PHD TRUSTEE 1.0 0.0 X 0 0 0 JR Carnegie-Hargreaves MPS Trustee - BEG. 8/01/2018 1.0 0.0 X 0 0 0 Andrea Comer BA Trustee - BEG. 8/01/2018 1.0 0.0 X 0 0 0 MANON COX PHD MBA TRUSTEE 1.0 0.0 X 0 0 0 SUZANNE DELIEE RSM BA BS TRUSTEE 1.0 0.0 X 0 0 0 Mary Dickerson MBA Trustee - BEG. 9/01/2018 1.0 0.0 X 0 0 0 Rohan A Freeman BS Trustee - BEG. 7/01/2018 1.0 0.0 X 0 0 0 SANDRA BENDER FROMSON PHD TRUSTEE 1.0 0.0 X 0 0 0 MARTHA S GERVASI MBA TRUSTEE 1.0 0.0 X 0 0 0 MARION D GRIFFIN MS MBA TRUSTEE 1.0 0.0 X 0 0 0 PAUL IANNACCONE JD TRUSTEE 1.0 0.0 X 0 0 0 ROBERT KING BA TRUSTEE 1.0 0.0 X 0 0 0 PADDI LESHANE MBA TRUSTEE 1.0 0.0 X 0 0 0 ELIZABETH MCAULIFFE RSM EDD Trustee 1.0 0.0 X 0 0 0 JEANNE B MEROLA BS Trustee - BEG. 7/01/2018 1.0 0.0 X 0 0 0 THEA MONTANEZ BS TRUSTEE 1.0 0.0 X 0 0 0 CORNELIUS O'LEARY JD TRUSTEE 1.0 0.0 X 0 0 0 GERRI A ROBERTS JD Trustee - BEG. 8/01/2018 1.0 0.0 X 0 0 0 JOHN F RODIS MD Trustee 1.0 0.0 X 0 0 0 JANET RUFFING RSM PHD TRUSTEE 1.0 0.0 X 0 0 0 JOSEPH J SPALLUTO JD TRUSTEE 1.0 0.0 X 0 0 0 ROBERT STINGLE BS TRUSTEE 1.0 0.0 X 0 0 0 ELAINE M SWEENEY RSM PHD TRUSTEE 1.0 0.0 X 0 0 0 JAMES WAKIM JD TRUSTEE 1.0 0.0 X 0 0 0 ALISA D SISIC TRUSTEE - END 09/01/2018 1.0 0.0 X 0 0 0 SHAWN M HARRINGTON SENIOR VP, FINANCE & STRATEGY 38.0 0.0 X 214360 0 89312 MICHELLE KALIS PROVOST 38.0 0.0 X 208021 0 34154 Kenneth Bedini VP, Student Affairs 38.0 0.0 X 147676 0 16801 KIMBERLY CRONE VP, Enrollment Management 38.0 0.0 X 167951 0 19032 JAMES HENKEL ASSOC DEAN, SCHOOL OF PHARMACY 38.0 0.0 X 149608 0 18146 JOSEPH OFOSU DEAN, SCHOOL OF PHARMACY 38.0 0.0 X 246702 0 27694 MARJORIE PINNEY VP, INSTITUTIONAL ADVANCEMENT 38.0 0.0 X 179872 0 45641 1631180 0 382268 36 false true false FIP Construction Inc 1536 New Britain Ave FARMINGTON CT 06032 Construction 4539229 BON APPETIT CO COMPASS GROUP USA 2400 YORKMONT RD CHARLOTTE NC 28217 FOOD SERVICES 1827414 SODEXO OPERATIONS LLC 9801 Washingtonian Blvd GAITHERSBURG MD 20878 FACILITY MANAGEMENT 1518978 K-12 TEACHERS ALLIANCE 20624 ABBEY WOODS CT NORTH FRANKFORT IL 60423 MARKETING & ADMIN 713450 BCI INC DBA BUTLER COMPANY 848 MARSHALL PHELPS RD WINDSOR CT 06095 Construction 319843 17 171817 2310611 2493646 95325 4976074 TUITION AND FEES 611310 61486591 61486591 MODEL SCHOOLS & EDUCATIONAL SERVICES 611710 14708700 14708700 RESIDENCE & DINING 611710 3420848 3420848 79616139 941619 941619 0 0 177775 177775 0 177775 177775 6955000 6710296 403573 244704 -403573 -158869 -158869 85006 171817 113469 -28463 -28463 0 0 0 0 0 0 VENDOR REBATES & ALLOWANCES 900099 409704 409704 ARTS CENTER REVENUE 711190 120559 120559 FITNESS CENTER REVENUE 713940 44363 44363 342164 8618 333546 916790 86441065 79616139 52981 1795871 0 15965186 15965186 13500 13500 0 985454 242399 678030 65025 0 34969480 29648021 4546730 774729 2649655 2246445 344508 58702 4702332 3986758 611397 104177 2513857 2089845 365299 58713 1571504 1414354 157150 64155 64155 168700 168700 0 16000 16000 128339 128339 2343058 1824674 517614 770 660267 225629 407076 27562 252716 97058 146136 9522 1382188 45971 1336217 0 2761659 2623576 138083 252570 234077 4685 13808 0 208469 199331 8447 691 798684 786777 11907 0 4293924 4196986 96938 485896 1163 484733 FOOD SERVICES 1697496 1697496 SUPPLIES 752289 749376 2913 DUES & SUBSCRIPTIONS 497817 365082 109713 23022 BAD DEBTS 482707 482707 1973622 1045535 842349 85738 82591524 69699239 11653826 1238459 X 191497 1954397 86686 3724102 1116113 1053308 3538281 3404700 0 0 0 0 0 0 0 0 673922 1453102 106307455 58484108 46036994 47823347 33289246 34611496 0 0 0 0 0 0 20717 26928 84953456 94051380 3907455 4523480 0 0 4445685 4111171 19102352 23944931 0 0 0 0 367991 0 0 0 3781973 7356798 31605456 39936380 X 29218000 28315000 8692000 9205000 15438000 16595000 53348000 54115000 84953456 94051380 X 3849541 101459 -3184000 X false true X true true true X 9700736 3079611 4334975 7146283 4976074 29237679 0 0 9700736 3079611 4334975 7146283 4976074 29237679 3622482 25615197 744864 854903 830449 922429 1119394 4472039 0 0 0 532344 544604 761685 916068 948815 3703516 37413234 361061230 0.68466 0.74700 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false true 423 false true 1218 1641 false SCHEDULE C, PART IV LOBBYING ACTIVITIES: THE UNIVERSITY OF SAINT JOSEPH BELONGS TO THE CONNECTICUT CONSORTIUM OF INDEPENDENT COLLEGES (CCIC) AND OTHER ACADEMIC ASSOCIATIONS, WHICH AT TIMES MAY ENGAGE IN LOBBYING ACTIVITIES. OF THE $24,061 PAID IN DUES TO CCIC, $1,218 (APPROXIMATELY 5.1%), WAS USED FOR LOBBYING. IN ADDITION, THE UNIVERSITY had DIRECT CONTACT WITH LEGISLATORS TO PROVIDE INFORMATION AND EDUCATION ABOUT THE UNIVERSITY. DURING THE YEAR ENDED JUNE 30, 2019, THE UNIVERSITY DID NOT CONTRACT WITH AN OUTSIDE LOBBYING FIRM FOR FEDERAL AND STATE GOVERNMENT RELATIONS AND LOBBYING SERVICES. 696985 X X X X X Teaching false 33519000 1226000 1147000 719961 391039 34781000 28710000 3754000 1574000 340290 178710 33519000 25789000 694000 3178000 595670 355330 28710000 26505000 423000 -191000 570008 377992 25789000 25603000 1794000 65000 501219 455781 26505000 0.34590 0.47710 0.17700 false false 2522941 2522941 64881803 31267277 33614526 2479331 2134601 344730 26020780 20518989 5501791 10402600 4563241 5839359 47823347 0 INTEREST RATE SWAP 3277134 ARO LIABILITY 1943644 VENDOR INVESTMENT LIABILITY - SODEXO 1583825 GOVERNMENT GRANTS REFUNDABLE 349729 CAPITAL LEASE OBLIGATION 202466 7356798 X 67687000 101459 -19130758 -19029299 86716299 128339 -403573 -275234 86441065 66920000 403573 403573 66516427 128339 15946758 16075097 82591524 PART III, LINE 4 ORGANIZATION'S COLLECTION OF ART: THE ART MUSEUM AT THE UNIVERSITY OF SAINT JOSEPH OPENED IN 2001 IN THE UNIVERSITY'S BRUYETTE ATHENAEUM; IT NOW HOUSES A COLLECTION OF MORE THAN 2,100 WORKS OF ART. A PAINTINGS COLLECTION WHOSE STRENGTH IS IN AMERICAN ART OF THE TWENTIETH CENTURY, INCLUDING WORKS BY THOMAS HART BENTON, GEORGIA O'KEEFFE AND MILTON AVERY IS COMPLEMENTED BY A COLLECTION OF WORKS OF ART ON PAPER. THE LATTER COLLECTION RANGES FROM THE FIFTEENTH CENTURY TO THE PRESENT, INCLUDING NOTEWORTHY EUROPEAN OLD MASTER PRINTS, NINETEENTH-CENTURY TO CONTEMPORARY JAPANESE PRINTS, AND TWENTIETH-CENTURY AND CONTEMPORARY AMERICAN AND EUROPEAN WORKS. WITH A SUITE OF EXHIBITION GALLERIES, A PRINT STUDY ROOM, AND UP-TO-DATE STORAGE FACILITIES, THE ART MUSEUM MAKES THE UNIVERSITY'S COLLECTION EASILY ACCESSIBLE FOR THE STUDY AND ENJOYMENT OF ART. THE MUSEUM COLLABORATES WITH FACULTY TO PRESENT EDUCATIONAL PROGRAMMING AND HOST CLASS VISITS THROUGHOUT THE YEAR, PROVIDES PROFESSIONAL DEVELOPMENT FOR K-12 TEACHERS, AND OFFERS A VARIETY OF LECTURES, GALLERY TALKS, AND OTHER EDUCATIONAL PROGRAMS FOR THE GENERAL PUBLIC. EACH YEAR THE ART MUSEUM PRESENTS FOUR TO SIX SPECIAL EXHIBITIONS IN ADDITION TO CHANGING INSTALLATIONS OF THE PERMANENT COLLECTION. PART V, LINE 4 ENDOWMENT FUNDS: THE UNIVERSITY'S ENDOWMENT CONSISTS OF APPROXIMATELY 208 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES, INCLUDING BOTH DONOR-RESTRICTED ENDOWMENT FUNDS AND FUNDS DESIGNATED BY THE UNIVERSITY TO FUNCTION AS ENDOWMENTS (QUASI - ENDOWMENT). THE UNIVERSITY MANAGES ITS LONG-TERM INVESTMENTS IN ACCORDANCE WITH THE TOTAL RETURN CONCEPT AND THE GOAL OF MAXIMIZING LONG-TERM RETURN WITHIN ACCEPTABLE LEVELS OF RISK. THE UNIVERSITY'S SPENDING POLICY IS DESIGNED TO PROVIDE A STABLE LEVEL OF FINANCIAL SUPPORT AND TO PRESERVE THE REAL VALUE OF ITS ENDOWMENT. THE UNIVERSITY COMPARES THE PERFORMANCE OF ITS INVESTMENTS AGAINST SEVERAL BENCHMARKS. PART X, LINE 2 INCOME TAXES: THE UNIVERSITY WAS GRANTED AN EXEMPT STATUS UNDER THE INTERNAL REVENUE CODE (IRC) SECTION 501(A), AS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3). UNDER IRC SECTION 501(A), THE UNIVERSITY IS GENERALLY EXEMPT FROM INCOME TAXES. THE UNIVERSITY BELIEVES IT HAS TAKEN NO SIGNIFICANT UNCERTAIN TAX POSITIONS. PART XI & XII RECONCILIATION OF REV & EXP PER AUDITED FINANCIAL STATEMENTS: PART XI, LINE 2D CHANGE IN FV OF INTEREST RATE SWAP $(3,184,000) FINANCIAL AID $(15,946,758) --------------- TOTAL $(19,130,758) PART XI, LINE 4B LOSS ON DISPOSAL OF EQUIPMENT $ (403,573) PART XII, LINE 2D LOSS ON DISPOSAL OF EQUIPMENT $ 403,573 PART XII, LINE 4B FINANCIAL AID $15,946,758 true true true true true true true false false false false false false false false true false true SCHEDULE E, LINE 3 RACIALLY NONDISCRIMINATORY POLICY: THE UNIVERSITY PUBLISHES ITS NON-DISCRIMINATION POLICY IN THE MAJOR NEWSPAPER IN THE METROPOLITAN REGION FROM WHICH MOST OF ITS STUDENTS COME. SCHEDULE E, LINE 6A GOVERNMENT AID: THE UNIVERSITY OF SAINT JOSEPH RECEIVES FINANCIAL AID OR ASSISTANCE FROM GOVERNMENTAL AGENCIES FOR THE BENEFIT OF THE UNIVERSITY'S STUDENTS. true SCHOLARSHIP South Asia 1 10000 TUIT REDUCT SCHOLARSHIP East Asia and the Pacific 1 3500 TUIT REDUCT false false false false false false SCHEDULE F, PART I, LINE 2 MONITORING THE USE OF GRANT FUNDS: THE UNIVERSITY'S GRANTS OUTSIDE THE U.S. CONSIST OF FINANCIAL AID AWARDS WHICH ARE APPLIED AGAINST STUDENTS' RECEIVABLE BALANCES DUE TO THE UNIVERSITY. THE UNIVERSITY MONITORS THESE GRANTS BY CONTROLLING THE APPLICATION OF GRANTS TO STUDENTS' BALANCES. X X X X X X true Ronald Joyce SEE PART IV 309 Oakwood Dr Yarmouth ME 04096 Fundraising Advisor false 0 16000 -16000 0 16000 -16000 AL AK AR CA CO CT DE DC FL GA HI ID IL IN IA KS KY LA ME MD MA MI MN MS MO MT NE NV NH NJ NM NY NC ND OH OK OR PA RI SC SD TN TX UT VT VA WA WV WI WY GALA 236611 171067 65544 11740 8275 49821 1000 37636 SYC 20212 750 19462 3818 1179 0 256823 171817 85006 11740 8275 53639 1000 38815 113469 -28463 SCHEDULE G, PART I, LINE 2, COL. (I) RONALD JOYCE 309 OAKWOOD DR., YARMOUTH, ME 04096 SCHEDULE G, PART 1, LINE 2B THE UNIVERSITY ENGAGED RONALD JOYCE AS A FUNDRAISING ADVISOR. Schedule G, Part I, Line 2, Column (iv) THE UNIVERSITY UTILIZED THE SERVICES OF A FUNDRAISING ADVISOR TO CONSULT ON UNIVERSITY DEVELOPMENT ACTIVITIES THRU 6/30/2019. DUE TO THE NATURE OF THIS ARRANGEMENT, IT IS UNFEASIBLE TO TRACK RECEIPTS RELATED TO ACTIVITIES WHICH ARE SOLELY ATTRIBUTABLE TO THIS ADVISOR. true SCHOLARSHIP 1 10000 COLLEGE SCHOLARSHIPS & GRANTS 830 15965186 SCHEDULE I, PART I, LINE 2 MONITORING THE USE OF GRANT FUNDS: THE UNIVERSITY'S GRANTS IN THE U.S. CONSIST OF FINANCIAL AID AWARDS WHICH ARE APPLIED AGAINST STUDENTS' RECEIVABLE BALANCES DUE TO THE UNIVERSITY. THE UNIVERSITY MONITORS THESE GRANTS BY CONTROLLING THE APPLICATION OF GRANTS TO STUDENTS' BALANCES. X X true true X X X false true false false false false false false false RHONA C FREE PHD PRESIDENT 312445 0 4545 80250 0 51238 0 448478 0 0 0 SHAWN M HARRINGTON SENIOR VP, FINANCE & STRATEGY 202360 12000 67939 0 21373 0 303672 0 0 0 MICHELLE KALIS PROVOST 208021 23267 0 10887 0 242175 0 0 0 Kenneth Bedini VP, Student Affairs 147676 16224 0 577 0 164477 0 0 0 KIMBERLY CRONE VP, Enrollment Management 167951 18475 0 557 0 186983 0 0 0 JAMES HENKEL ASSOC DEAN, SCHOOL OF PHARMACY 149608 16569 0 1577 0 167754 0 0 0 JOSEPH OFOSU DEAN, SCHOOL OF PHARMACY 246702 27137 0 557 0 274396 0 0 0 MARJORIE PINNEY VP, INSTITUTIONAL ADVANCEMENT 166470 13402 19100 0 26541 0 225513 0 0 0 SCHEDULE J, PART I, LINE 1 PRESIDENT'S HOUSING: AS A CONDITION OF EMPLOYMENT, THE PRESIDENT IS REQUIRED TO LIVE IN THE PRESIDENTIAL RESIDENCE LOCATED ON THE UNIVERSITY CAMPUS. THE FAIR MARKET VALUE OF THE HOUSING IS $48,000 PER YEAR. THIS IS A NON-TAXABLE BENEFIT INCLUDED IN SCHEDULE J, PART II, COLUMN D. SCHEDULE J, PART I, QUESTION 1A HEALTH AND SOCIAL CLUB DUES: THE UNIVERSITY PAYS MEMBERSHIP DUES AT THE TOWN AND COUNTY CLUB FOR THE PRESIDENT OF THE UNIVERSITY. THIS MEMBERSHIP ALLOWS THE PRESIDENT TO MEET WITH MEMBERS OF THE COMMUNITY TO PROMOTE THE AIMS OF THE UNIVERSITY. THE PRESIDENT REIMBURSES THE UNIVERSITY FOR ANY PERSONAL USE CHARGES, AND A PRO RATA PORTION OF CLUB DUES IS INCLUDED IN THE PRESIDENT'S W-2. THE VICE PRESIDENT FOR INSTITUTIONAL ADVANCEMENT ALSO REPORTS TAXABLE CLUB DUES ON SCHEDULE J, PART II. SCHEDULE J, PART I, LINE 4B NON-QUALIFIED RETIREMENT PLANS: THE UNIVERSITY PRESIDENT PARTICIPATES IN A 457(F) DEFERRED COMPENSATION PLAN, AND INCLUDED IN SCHEDULE J, PART II, COLUMN C IS THE CALENDAR YEAR 2018 DEFERRAL OF $50,000. THE UNIVERSITY INSTITUTED A 457(F) DEFERRED COMPENSATION PLAN WITH SHAWN HARRINGTON EFFECTIVE JULY 1, 2015. INCLUDED IN SCHEDULE J, PART II, COLUMN C IS $45,000 RELATING TO THE UNFUNDED BOOKKEEPING ACCOUNT CREDITS FOR THE PERIOD OF JANUARY 1, 2018 THROUGH DECEMBER 31, 2018. A CHEFA 2013 SERIES C 060806186 2013-11-01 10800000 LAND PURCHASE AND REFUND SERIES B false false false B CHEFA 2013 SERIES D 060806186 2013-11-01 10800000 LAND PURCH, CONST, AND REF SER B false false false C CHEFA 2018 SERIES E 060803186 2018-12-07 30000000 REN. ATH. & STUD. CTRS, REF. LOAN false false false A 1741584 0 10800000 0 0 0 200000 0 0 792000 9808000 0 2014 true false true true B 1372669 0 10800000 0 0 0 184407 0 0 6375593 4240000 0 2015 true false true true C 0 0 30000000 0 0 0 515355 0 0 1031731 3912098 24540816 false true false true A false false true false false 0.00039 0.00039 false false false true B false false true false false 0.00017 0.00017 false false false true C false false true false false 0 false false false true A false false false true true false 0 false 0 false true B false false false true true false 0 false 0 false true C false true false false true false 0 false 0 false true A true B true C true SCHEDULE K, PART II, LINE 11 OTHER SPENT PROCEEDS: OF THE AMOUNT RECORDED ON SCHEDULE K, PART II, LINE 11, COLUMN A, $8,465,000 WAS A CURRENT REFUNDING OF CHEFA SERIES B BOND ISSUED APRIL 3, 2008. $1,343,000 WAS A PAYMENT OF SWAP TERMINATION FEE. THE ENTIRE AMOUNT RECORDED ON SCHEDULE K, PART II, LINE 11, COLUMN B WAS A CURRENT REFUNDING OF CHEFA SERIES B BOND ISSUED APRIL 3, 2008. THE ENTIRE AMOUNT RECORDED ON SCHEDULE K, PART II, LINE 11, COLUMN C WAS REFINANCING OF THE AMOUNT OUTSTANDING ON THE $5 MILLION BRIDGE LOAN WHICH PROVIDED FUNDS FOR THE RENOVATION OF CERTAIN RESIDENCE HALLS AND COSTS OF IMPROVEMENT OF THE ELECTRICAL INFRASTRUCTURE. SCHEDULE K, PART II, LINE 12, COLUMN C CHEFA 2018 SERIES E: The University has chosen to draw down the CHEFA SERIES E ISSUANCE as needed to fund the appropriate capital expenditures. Monthly interest only payments beginning January 1, 2019 at a floating rate of 78.7% of 30-day LIBOR plus 1.65% through December 1, 2020. Monthly principal and interest payments beginning December 1, 2020 through December 1, 2033 at a floating rate of 78.7% of 30-day LIBOR plus 1.65%. Final maturity of Series E is on December 1, 2048. SCHEDULE K, PART III, LINE 3A MANAGEMENT OR SERVICE CONTRACTS THAT MAY RESULT IN PRIVATE BUSINESS USE: ANY MANAGEMENT OR SERVICE CONTRACTS THAT MAY RESULT IN PRIVATE BUSINESS USE OF BOND-FINANCED PROPERTY ARE INCIDENTAL AND/OR FALL UNDER A SAFE HARBOR PROVIDED. SCHEDULE K, PART III, LINE 3B ENGAGEMENT OF COUNSEL TO REVIEW MANAGEMENT OR SERVICE RELATING TO THE FINANCED PROPERTY: DUE TO THE FACT THAT CURRENT INCIDENTAL SERVICE CONTRACTS IN BOND-FINANCED SPACES WILL NOT RESULT IN PRIVATE BUSINESS USE AS PER THE SAFE HARBOR PROVIDED UNDER REVENUE PROCEDURE 2017-13, WE ONLY ENGAGE BOND COUNSEL AND/OR OUTSIDE COUNSEL TO REVIEW NEW CONTRACTS OR CURRENT CONTRACTS IF THERE IS AN AMENDMENT TO THE TERMS. SCHEDULE K, PART III, LINE 4 & 5 PRIVATE BUSINESS USE: THE UNIVERSITY REVIEWS EVERY ACTIVITY PROPOSED FOR ITS BOND-FINANCED FACILITIES, AND ALLOWS IN THOSE FACILITIES ONLY ACTIVITIES THAT EITHER MEET THE INCIDENTAL CONTRACT EXCEPTION OR REVENUE PROCEDURE 97-13 SAFE HARBOR. SCHEDULE K, PART IV, LINE 2C ARBITRAGE CALCULATIONS: An arbitrage rebate calculation was performed over Series C & D bonds last on November 1, 2018 by CHEFA. X 2 SEE PART II X 4 95325 AVG. OF MARKET X AUCTION PRIZES 218 0 SEE PART II X OTHER - VARIOUS 3 0 SEE PART II false true false SCHEDULE M, PART II NONCASH CONTRIBUTIONS: OTHER THAN CONTRIBUTIONS OF MARKETABLE SECURITIES, NON-CASH ITEMS ARE NOT INCLUDED IN THE FINANCIAL STATEMENTS OF THE UNIVERSITY UNLESS THEY ARE SIGNIFICANT IN AMOUNT. IN FISCAL YEAR 2019, THE UNIVERSITY RECEIVED 4 GIFTS OF MARKETABLE SECURITIES, VALUED AT $95,325.08; 2 ITEMS OF ARTWORK; 218 AUCTION ITEMS; AND 3 OTHER ITEMS, WHICH WERE RECORDED AT ZERO VALUE. Form 990, Part III, Line 1 MISSION STATEMENT: The University of Saint Joseph, founded by the sisters of mercy in the catholic tradition, provides a rigorous liberal arts and professional education for a diverse student population in an inclusive environment that encourages strong ethical values, personal integrity, and a sense of responsibility to the needs of society. CORE VALUES: *CATHOLIC IDENTITY* THE UNIVERSITY OF SAINT JOSEPH IS GROUNDED IN ITS HERITAGE AS A CATHOLIC INSTITUTION, EXPRESSING THE CATHOLIC TRADITION IN AN ECUMENICAL AND CRITICAL MANNER. *DEVELOPMENT OF THE WHOLE PERSON* THE UNIVERSITY OF SAINT JOSEPH ENCOURAGES, INSPIRES, AND CHALLENGES ALL STUDENTS TO FULLY DEVELOP THEIR INTELLECTUAL, SPIRITUAL, SOCIAL, EMOTIONAL, PHYSICAL AND LEADERSHIP POTENTIAL. *COMPASSIONATE SERVICE* THE UNIVERSITY OF SAINT JOSEPH PROMOTES, SUPPORTS AND FACILITATES CARING SERVICE AS AN INTEGRAL PART OF ALL TEACHING AND LEARNING EXPERIENCES. *ACADEMIC EXCELLENCE* THE UNIVERSITY OF SAINT JOSEPH PROVIDES A VALUE-CENTERED EDUCATION THAT PREPARES STUDENTS AS GLOBAL CITIZENS, LIFELONG LEARNERS, AND INFORMED DECISION MAKERS. *RESPECT/INTEGRITY* THE UNIVERSITY OF SAINT JOSEPH DEMONSTRATES RESPECT AND REVERENCE FOR ALL PEOPLE AND FIDELITY IN PERSONAL WITNESS. *HOSPITALITY* THE UNIVERSITY OF SAINT JOSEPH IS A WELCOMING COMMUNITY WHERE ITS RELATIONSHIPS ARE BASED ON OPENNESS, INCLUSIVITY, AND MUTUAL RESPECT. *MULTICULTURALISM/DIVERSITY* THE UNIVERSITY OF SAINT JOSEPH IS COMMITTED TO FOSTERING THE GROWTH OF AN INCLUSIVE COMMUNITY THAT WELCOMES DIFFERENCES AMONG COMMUNITY MEMBERS AND BENEFITS FROM THEM. FORM 990, PART III, LINE 4A COLLEGE AND MASTERS/DOCTORAL PROGRAMS: In June 2017, the University's Board of Trustees voted unanimously to make the undergraduate college coeducational, accepting men as students beginning with the 2018-2019 academic year. Students select from an array of dynamic majors and minors, dual majors, and concentrations, and then proceed to realizing their ambitions. Experiential learning is incorporated across the curriculum and faculty prepare students for meaningful professional careers. Seamless degree programs save time and money, and build the foundation for a great career as many degree programs lead to professional licenses. Amidst textbooks and lectures, students complete internships, clinical rotations, and pre-professional experiences effectively applying course material to everyday situations and gaining experience that will help them rise above stiff competition in the job market. As an NCAA Division III school, the University of Saint Joseph hosts 14 varsity teams, in addition to intramurals and numerous recreation and wellness programs. The University is a member of the National Collegiate Athletic Association (NCAA) and the Great Northeast Athletic Conference (GNAC). The 90-acre suburban campus in prestigious West Hartford, Connecticut is known among colleges for its aesthetics and prime location: a few miles from major Hartford employers or entertainment and shopping in Blue Back Square, and mid-way between Boston and New York City. IN ADDITION TO THE UNDERGRADUATE COLLEGE WITH 805 STUDENTS ENROLLED, THE UNIVERSITY OF SAINT JOSEPH HAS A GRADUATE AND PROFESSIONAL STUDIES PROGRAM OFFERING MASTER'S DEGREES AND CERTIFICATES TO 1,243 STUDENTS; A WEEKEND PROGRAM SERVING 98 ADULT LEARNERS PURSUING THEIR BACCALAUREATE DEGREES; A DOCTOR OF NURSING PRACTICE PROGRAM WITH 15 STUDENTS ENROLLED IN 2018 AND A SCHOOL OF PHARMACY, LOCATED IN DOWNTOWN HARTFORD, CONNECTICUT, OFFERING A UNIQUE THREE-CALENDAR-YEAR DOCTORAL DEGREE (PHARM.D.) PROGRAM IN PHARMACY. IN 2018, THE SCHOOL HAD 233 STUDENTS. In 2016, USJ announced that its new Physician Assistant (PA) Program was granted Accreditation-Provisional status by the Accreditation Review Commission on Education for the Physician Assistant (ARC-PA).This accreditation - the first in a multi-step accreditation process - allowed USJ to enroll the inaugural class of its PA Program in January 2017. USJ's new PA Program is a 28-month, coeducational program focusing on collaborative approaches to patient-centered care that enhances treatment plans and can improve outcomes in a changing and evolving healthcare environment. IN 2018, THE PA PROGRAM HAD 71 STUDENTS. FORM 990, PART III, LINE 4B Model Schools: THE UNIVERSITY IS HOME TO TWO MODEL SCHOOLS: THE GENGRAS CENTER AND THE SCHOOL FOR YOUNG CHILDREN. THE GENGRAS CENTER IS A STATE-APPROVED PRIVATE SPECIAL EDUCATION FACILITY THAT PROVIDES HIGHLY STRUCTURED, INTENSIVE AND SELF-CONTAINED SPECIAL EDUCATION PROGRAMS FOR ELEMENTARY, MIDDLE AND HIGH SCHOOL STUDENTS. IN 2018, IT SERVED 140 STUDENTS FROM SURROUNDING COMMUNITIES. AT THE CENTER, UNIVERSITY OF SAINT JOSEPH STUDENTS FULFILL REQUIRED CLASSES IN THE FIELDS OF SPECIAL EDUCATION, NURSING, SOCIAL WORK, COUNSELING, AND NUTRITION. IN MAY 2015, THE GENGRAS CENTER OPENED A NEW FACILITY, THE CENTER FOR APPLIED RESEARCH AND EDUCATION (CARE). WITH THIS EXPANDED CAPACITY, THE GENGRAS CENTER CAN NOW SERVE THE NEEDS OF STUDENTS WITH AUTISM SPECTRUM DISORDERS AND DEVELOPMENTAL DISABILITIES. THE 22,000 SQUARE FOOT FACILITY INCLUDES A GYM, ART ROOM, ADDITIONAL THERAPY SPACE, AND NEW CLASSROOMS SPECIFICALLY DESIGNED FOR STUDENTS WITH AUTISM. THE SCHOOL FOR YOUNG CHILDREN IS A NATIONALLY-ACCREDITED PRESCHOOL WHICH HAS BEEN SERVING CHILDREN SINCE 1936; IN 2018, IT ENROLLED 111 STUDENTS. IT SERVES AS A TRAINING PROGRAM FOR UNIVERSITY STUDENTS PURSUING CAREERS IN EARLY CHILDHOOD EDUCATION AND RELATED FIELDS. FORM 990, PART VI, QUESTION 6 ORGANIZATION'S MEMBERS: THE CONFERENCE FOR MERCY HIGHER EDUCATION, INC. ACTS AS A CORPORATE MEMBER OF THE UNIVERSITY OF SAINT JOSEPH. FORM 990, PART VI, QUESTION 7A ROLE OF SISTERS OF MERCY: ELECTION TO THE BOARD OF TRUSTEES IS BY MAJORITY VOTE OF THE UNICAMERAL BODY, WHICH CONSISTS OF THE BOARD OF TRUSTEES, AND ONE PERSON DESIGNATED BY THE MEMBER OF THE CORPORATION (THE CONFERENCE FOR MERCY HIGHER EDUCATION, INC., A MARYLAND NON-STOCK, NOT-FOR-PROFIT CORPORATION, ACTING BY AND THROUGH ITS DULY CONSTITUTED AND AUTHORIZED OFFICERS). FORM 990, PART VI, QUESTION 7B MEMBER ACTIONS: THE FOLLOWING ACTIONS REQUIRE AN AFFIRMATIVE VOTE BY THE MEMBER OF THE CORPORATION (THE CONFERENCE FOR MERCY HIGHER EDUCATION, INC.) IN ORDER TO BE VALID: *DISSOLUTION OF THE CORPORATION, OR CESSATION OF OPERATION AS A UNIVERSITY AND INSTITUTION OF HIGHER EDUCATION; *SALE OF LAND; *SALE, LEASE, EXCHANGE, MORTGAGE, PLEDGE, OR ANY OTHER DISPOSITION OF OTHER ASSETS OR PROPERTY OF THE CORPORATION, IN OTHER THAN THE ORDINARY COURSE OF BUNINESS; AND *APPOINTMENT OR REMOVAL OF THE PRESIDENT OF THE UNIVERSITY IS BY MAJORITY VOTE OF THE UNICAMERAL BODY, WHICH CONSISTS OF THE BOARD OF TRUSTEES AND ONE PERSON DESIGNATED BY THE MEMBER OF THE CORPORATION (THE CONFERENCE FOR MERCY HIGHER EDUCATION, INC.). FORM 990, PART VI, QUESTION 11A FORM 990 REVIEW PROCESS: THE FORM 990 IS REVIEWED IN DRAFT FORM BY THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES. THE FINAL VERSION IS DISTRIBUTED TO THE BOARD OF TRUSTEES IN ADVANCE OF FILING. FORM 990, PART VI, QUESTION 12 CONFLICT OF INTEREST POLICY: THE PRESIDENT'S OFFICE SENDS ANNUAL CONFLICT OF INTEREST QUESTIONNAIRES TO MEMBERS OF THE BOARD OF TRUSTEES. If a conflict of interest is identified, the trustee member shall refrain from participating in any action on matters except upon approval of the Board after full and frank disclosure. THE SENIOR VICE PRESIDENT FOR FINANCE AND STRATEGY REVIEWS THE COMPLETED QUESTIONNAIRES, AND PRESENTS THE RESULTS TO THE BOARD'S AUDIT COMMITTEE. FORM 990, PART VI, QUESTIONS 15A AND SCHEDULE J PART I, QUESTION 3 COMPENSATION POLICY: THE PROCESS FOR DETERMINING THE COMPENSATION FOR THE PRESIDENT MEETS THE THREE REQUIREMENTS OF THE REBUTTABLE PRESUMPTION. COMPENSATION FOR THE UNIVERSITY'S PRESIDENT IS SET BY THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES, WHICH IS COMPOSED OF INDIVIDUALS WHO DO NOT HAVE A CONFLICT OF INTEREST REGARDING THE TRANSACTION. THE PROCESS INCLUDES THE COMPARISON WITH COMPENSATION OF PRESIDENTS OF COMPARABLE INSTITUTIONS, BY MEANS OF INDUSTRY SURVEYS AND REVIEW FORMS 990; AND CONTEMPORANEOUS DOCUMENTATION OF DELIBERATIONS AND DECISIONS REGARDING THE COMPENSATION AGREEMENT. THE PRESIDENT'S COMPENSATION AGREEMENT IS A WRITTEN DOCUMENT. THIS FULL PROCESS WAS MOST RECENTLY UNDERTAKEN DURING THE YEAR ENDED JUNE 30, 2019. FORM 990, PART VI, LINE 19 PUBLIC DISCLOSURE: THE ORGANIZATION'S FORM 990, GOVERNING DOCUMENTS, AND AUDITED FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. THE FORM 990 IS ALSO POSTED ON WWW.GUIDESTAR.ORG. IN ADDITION, THE AUDITED FINANCIAL STATEMENTS ARE AVAILABLE THROUGH THE UNIVERSITY'S WEBSITE. FORM 990, PART X, LINES 27-29 NET ASSET CLASSIFICATION: 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 RESTRICTION AS UNRESTRICTED NET ASSETS AND NET ASSETS WITH DONOR RESTRICTIONS AS TEMPORARILY RESTRICTED NET ASSETS AND PERMANENTLY RESTRICTED NET ASSETS, RESPECTIVELY. FORM 990, PART XI, LINE 9 OTHER CHANGES IN NET ASSETS OR FUND BALANCES: CHANGE IN FV OF INTEREST RATE SWAP $(3,184,000) CONFERENCE FOR MERCY HIGHER EDUCATION 8380 COLESVILL RD SUITE 300 SILVER SPRING MD 20910 431973007 EDUCATION MD 501(C)(3) 1 NA false false false false false false false false false false false false false false false false false false false false