2019-11-12T14:44:16-06:00 2019-06-30 WithumSmithBrown PC 4600 EAST WEST HWY 900 BETHESDA MD 208143423 990 2018-07-01 221508627 SAINT PETER'S UNIVERSITY % HECTOR O PAREDES SAIN 2017617428 2641 KENNEDY BOULEVARD JERSEY CITY NJ 073065943 HECTOR O PAREDES VP OF FINANCE 2017617428 2019-10-21 true RICHARD L RUVELSON P00234075 3012726000 2019-10-21 209.190.253.84 22006220193165000105 2019-11-12 P 955FC4B26BB49CFDDA501BB2C8C2589D0A555FE7 EBD8DFBC700724A96E49BF1A406FB658268A8823 2018 2020-03-31 21:24:44Z EUGENE J CORNACCHIA PHD 2641 KENNEDY BOULEVARD JERSEY CITY NJ 073065943 152576976 false 0928 X WWW.SAINTPETERS.EDU X 1872 NJ SAINT PETER'S UNIVERSITY EDUCATES A DIVERSE COMMUNITY OF LEARNERS IN UNDERGRADUATE, GRADUATE AND PROFESSIONAL PROGRAMS TO EXCEL, LEAD, SERVE AND PROMOTE JUSTICE. 27 26 1563 121 24551 15716804 24214257 111405505 114683370 2178048 1696690 127378 63450 129427735 140657767 46153166 50465199 0 0 39520756 38806279 524308 133630 2362173 32127111 33746448 118325341 123151556 11102394 17506211 131437207 160553079 67587705 74746292 63849502 85806787 X SAINT PETER'S UNIVERSITY, INSPIRED BY ITS JESUIT, CATHOLIC IDENTITY, COMMITMENT TO INDIVIDUAL ATTENTION AND GROUNDING IN THE LIBERAL ARTS, EDUCATES A DIVERSE COMMUNITY OF LEARNERS IN UNDERGRADUATE, GRADUATE AND PROFESSIONAL PROGRAMS TO EXCEL INTELLECTUALLY, LEAD ETHICALLY, SERVE COMPASSIONATELY AND PROMOTE JUSTICE IN OUR EVER-CHANGING URBAN AND GLOBAL ENVIRONMENT. false false 81161453 50465199 101257406 INSTRUCTION AND ACADEMIC SUPPORT - THE UNIVERSITY PROVIDES ACCREDITED COURSES AND OTHER RELATED SERVICES TO APPROXIMATELY 3,500 STUDENTS, INCLUDING BOTH DAY AND EVENING SESSIONS, FOR FULL-TIME OR PART-TIME UNDERGRADUATE (45 PROGRAMS) AND SEVERAL GRADUATE STUDY PROGRAMS. FINANCIAL AID IS AWARDED TO STUDENTS FROM INSTITUTIONAL SOURCES BASED ON ACADEMIC ACHIEVEMENT, ATHLETIC ABILITY AND NEED. 26165779 11701290 STUDENT SERVICES - INCLUDES ENROLLMENT SERVICES, REGISTRAR, HEALTH AND COUNSELING PROGRAMS, FINANCIAL AID, CAMPUS MINISTRY, STUDENT CLUBS AND ORGANIZATIONS, INTERCOLLEGIATE AND INTRAMURAL SPORTS AND ACTIVITIES, AND STUDENT HOUSING. SPONSORED PROGRAMS - INCLUDES VARIOUS PRIVATE PROGRAMS FOR THE BENEFIT OF THE STUDENT BODY, SUCH AS ACADEMIC ENRICHMENT, ACADEMIC CHAIRS, CAPITAL CAMPAIGN, AND VARIOUS ENDOWED SCHOLARSHIPS. 107327232 true true false false false false false true true true true false true false true true false true true false false false false true true false false false true true true false false false false false false false false false false true false false false false true true true false false true 229 0 true 1563 true true true false false false false true true false false false false false false X 27 26 false false false false false false false true false false false true true true true true true true true false AK AR CA CO CT DE KY LA MD MA MI MN MT NH NJ OH SC WA X HECTOR O PAREDES 2017617428 2641 KENNEDY BOULEVARD JERSEY CITY NJ 073065943 X FRANK L FEKETE CPA CHAIR - TRUSTEE 1.0 0.0 X X 0 0 0 SUSAN P MITCHELL-ABBATE VICE CHAIR - TRUSTEE 1.0 0.0 X X 0 0 0 CAROL B BASTEK EDD TRUSTEE 1.0 0.0 X 0 0 0 KENNETH BOLLER SJ TRUSTEE 1.0 0.0 X 0 0 0 CLAUDIO M BURGALETA SJPHD TRUSTEE 1.0 0.0 X 0 0 0 EUGENE J CORNACCHIA PHD EX-OFFICIO TRUSTEE - PRESIDENT 55.0 0.0 X 372810 0 100027 JOSEPH CONSTANTINO SJ TRUSTEE 1.0 0.0 X 0 0 0 JAMES M CONTI TRUSTEE 1.0 0.0 X 0 0 0 ROBERT A CUTRO TRUSTEE 1.0 0.0 X X 0 0 0 KEVIN J DOWNES TRUSTEE 1.0 0.0 X 0 0 0 JOESPH R GROMEK TRUSTEE 1.0 0.0 X 0 0 0 KEVIN P GUCKIAN CPA TRUSTEE 1.0 0.0 X 0 0 0 KATELYN JOYCE TRUSTEE 1.0 0.0 X 0 0 0 MARK G KAHRER TRUSTEE 1.0 0.0 X 0 0 0 RICHARD P LIBRETTI TRUSTEE 1.0 0.0 X 0 0 0 CHARLES M LIZZA ESQ TRUSTEE 1.0 0.0 X 0 0 0 KATHLEEN M MCKENNA ESQ TRUSTEE 1.0 0.0 X 0 0 0 KENNETH MOORE TRUSTEE 1.0 0.0 X 0 0 0 JOSEPH A PANEPINTO ESQ TRUSTEE 1.0 0.0 X 0 0 0 SHARON A PASTORE TRUSTEE 1.0 0.0 X 0 0 0 ANTHONY O PERGOLA ESQ TRUSTEE 1.0 0.0 X 0 0 0 JOSEPH P PIERONI TRUSTEE 1.0 0.0 X 0 0 0 FAUSTO ROTUNDO CPA TRUSTEE 1.0 0.0 X 0 0 0 J PAUL SCHAETZLE TRUSTEE 1.0 0.0 X 0 0 0 ROBERT L TORTORIELLO ESQ TRUSTEE 1.0 0.0 X 0 0 0 JOHN B WILSON TRUSTEE 1.0 0.0 X 0 0 0 RAYMOND A YANNUZZI DA TRUSTEE 1.0 0.0 X 0 0 0 HECTOR O PAREDES VP - FINANCE & BUSINESS 55.0 0.0 X 170158 0 8960 JEFFREY HANDLER MA VP ENROLLMENT MGMT & MKTG 55.0 0.0 X 193730 0 16703 LEAH M LETO ED VP ADVANCEMENT 55.0 0.0 X 184170 0 27712 MILOS TOPIC VP IT & OPERATIONS 55.0 0.0 X 168781 0 29886 VIRGINIA BENDER PHD SEC/SPEC ASST TO PRESIDENT 55.0 0.0 X 152209 0 7610 FREDERICK P BONATO PROVOST/ACADEMIC VP 55.0 0.0 X 210805 0 21168 FATHER ROCCO DANZI VP MISSION & MINISTRY (SCH. O) 55.0 0.0 X 0 0 0 FATHER JOHN HYATT PAROCHIAL VICAR (SCH. O) 55.0 0.0 X 0 0 0 ANDREA BUBKA PROFESSOR OF PSYCHOLOGY 55.0 0.0 X 157984 0 16106 LEONARD J SCIORRA SCHUH PROFESSOR 55.0 0.0 X 155364 0 6918 MARYELLEN HAMILTON PROFESSOR OF PSYCHOLOGY 55.0 0.0 X 150423 0 20142 GERARD PROTOMASTRO PROFESSOR OF MATHEMATICS 55.0 0.0 X 144843 0 12673 JON BOSHART PROFESSOR OF FINE ARTS 55.0 0.0 X 142424 0 13572 2203701 0 281477 60 false true false SODEXO INC 9801 WASHINGTONIAN BLVD GAITHERSBURG MD 20878 MANAGEMENT 4858893 ARAMARK 1101 MARKET STREET PHILADELPHIA PA 19107 MANAGEMENT 2206737 JAJ CONSTRUCTION LLC 560 HUYLER ST UNIT 1553 SOUTH HACKENSACK NJ 07606 CONSTRUCTION 2022865 GATEWAY SECURITY INC 604-608 MARKET STREET NEWARK NJ 07105 CAMPUS SECURITY 1835930 COLLINS BUILDING SERVICES INC 24-01 44TH ROAD 15TH FLOOR LONG ISLAND CITY NY 11101 CUSTODIAL 1558453 32 258376 2265979 21689902 6165983 24214257 TUITION AND FEES 900099 101257406 101257406 AUXILIARY ENTERPRISES 900099 11701290 11701290 OTHER PROGRAM RELATED REVENUE 900099 1724674 1724674 114683370 1124750 1124750 0 0 710336 646886 63450 0 63450 24551 38899 11741333 11169393 571940 571940 571940 102930 258376 102930 0 0 0 0 0 0 0 140657767 114683370 24551 1735589 0 50465199 50465199 0 0 1660272 0 1277072 383200 0 29982351 24810596 4157243 1014512 879853 717197 123728 38928 4059650 3310741 677800 71109 2224153 1695071 431262 97820 0 146779 146779 170175 170175 0 133630 133630 187364 187364 687981 142633 388407 156941 1935046 1489765 325709 119572 2375982 1606832 564997 204153 1521054 219424 1298477 3153 0 10660142 8669049 1984983 6110 951477 799148 127299 25030 0 1727684 1344293 284711 98680 2165448 1657816 507632 0 4384890 4031534 353356 798123 414829 383294 MEAL PLANS 2882247 2882247 ATHLETICS 436266 436266 DATABASES, PERIODICALS, ETC. 412125 157024 248251 6850 BAD DEBT 8191 8191 2295474 2477568 -184579 2485 123151556 107327232 13462151 2362173 1094408 5814572 1116972 8375617 4296567 15960654 5691670 3030478 0 0 0 0 0 0 0 0 632778 677273 176940996 86987254 56562355 89953742 0 0 0 0 33048934 35170734 840143 807900 28153380 762109 131437207 160553079 3707257 5754940 1498 1498 4886749 2002986 34107548 24151756 9310 14410 0 0 11251304 26860430 0 0 13624039 15960272 67587705 74746292 X 27916177 22094765 11318054 36815847 24615271 26896175 63849502 85806787 131437207 160553079 X 17506211 334137 4116937 X X false true X true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X false true 3870 3870 true X 34385256 517243 2399363 1642832 35659030 32042227 1768657 2029724 1455352 34385256 30458701 635352 2588622 1640448 32042227 30999878 926430 -7357 1460248 30458703 31052934 565963 695295 1314314 30999878 0.07010 0.76160 0.16830 true false 8881360 8881360 138177238 63700675 74476563 1878100 1356832 521268 24149380 21569946 2579434 3854918 359801 3495117 89953742 CASH & CASH EQUIVALENTS 1447718 F MONEY MARKET FUNDS 244438 F CORPORATE STOCKS 10342267 F CORPORATE BONDS 2033719 F MUTUAL FUNDS 16406575 F CLOSED END FUNDS 922443 F US GOVERNMENT SECURITIES 3285309 F LIMITED PARTNERSHIPS 488265 F 35170734 0 ANNUITY PAYMENT OBLIGATIONS 1363465 ASSET RETIREMENT OBLIGATIONS 540576 INTEREST RATE SWAP AGREEMENT 2167336 OBLIGATIONS 11888895 15960272 X SCHEDULE D, PART III; QUESTION 4 SAINT PETER'S UNIVERSITY COLLECTIONS INCLUDE ART WORKS, PAINTINGS, SCULPTURES, POSTERS, DOCUMENTA AND OTHER ARTIFACTS, AND ARE ALL EMPLOYED IN THE EDUCATION OF STUDENTS ON THE WORLD'S RICH, HISTORICAL AND CULTURAL TRADITIONS. SCHEDULE D, PART IV THIS AMOUNT REPRESENTS TENANT RENT SECURITY DEPOSITS HELD IN ESCROW. SCHEDULE D, PART V SAINT PETER'S UNIVERSITY ENDOWMENT CONSISTS OF APPROXIMATELY 172 INDIVIDUAL FUNDS ESTABLISHED MAINLY FOR SCHOLARSHIPS. ITS ENDOWMENT INCLUDES BOTH DONOR-RESTRICTED FUNDS AND FUNDS DESIGNATED BY THE BOARD OF TRUSTEES TO FUNCTION AS ENDOWMENTS. AS REQUIRED BY ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA, 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. THE UNIVERSITY'S ENDOWMENT FUNDS ARE USED TO FURTHER ITS EXEMPT PURPOSES BY PROVIDING SCHOLARSHIPS, CONSTRUCTING FACILITIES AND FUNDING THE GENERAL ACTIVITIES AND OPERATIONS OF THE UNIVERSITY. SCHEDULE D, PART X AN INDEPENDENT CPA FIRM AUDITED THE CONSOLIDATED FINANCIAL STATEMENTS OF SAINT PETER'S UNIVERSITY AND AFFILIATES FOR THE YEARS ENDED JUNE 30, 2019 AND JUNE 30, 2018; RESPECTIVELY AN UNMODIFIED OPINION WAS ISSUED BY THE INDEPENDENT CPA FRIM EACH YEAR. THE FOLLOWING IS THE TEXT OF THE FOOTNOTE IN THE ORGANIZATION'S FISCAL YEAR ENDED JUNE 30, 2019 AUDITED CONSOLIDATED FINANCIAL STATEMENTS THAT REPORTS THE UNIVERSITY'S LIABILITY FOR UNCERTAIN TAX POSITIONS UNDER FIN 48 (ASC 740): SAINT PETER'S UNIVERSITY AND SAINT PETER'S COLLEGE REALTY HOLDING CORP., INC. ARE EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) AND 501(C)(2), RESPECTIVELY, OF THE INTERNAL REVENUE CODE AND A SIMILAR PROVISION OF THE NEW JERSEY STATE INCOME TAX LAWS. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN REFLECTED IN THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS. SAINT PETER'S UNIVERSITY HAS NO UNRECOGNIZED TAX BENEFITS AT JUNE 30, 2019 AND 2018 AND INCURRED NO INTEREST AND PENALTIES FOR THE YEARS ENDED JUNE 30, 2019 AND 2018. true true true true true true true false false false false false false false false true false true SCHEDULE E, PART I, QUESTION 3 THE SAINT PETER'S UNIVERSITY ("UNIVERSITY") RACIALLY NONDISCRIMINATORY POLICY IS DESCRIBED IN ALL LITERATURE PUBLISHED FOR GENERAL DISTRIBUTION, WITHIN THE STUDENT HANDBOOK AND ON THE UNIVERSITY'S WEBSITE. SCHEDULE E, PART I, QUESTION 6A SAINT PETER'S UNIVERSITY ("UNIVERSITY") PARTICIPATES IN VARIOUS FEDERAL AND STATE FINANCIAL AID PROGRAMS FOR THE BENEFIT OF STUDENTS WHO ATTEND THE UNIVERSITY. THESE PROGRAMS HAVE STRICT REQUIREMENTS FOR PARTICIPATION AND THE UNIVERSITY IS SUBJECT TO GOVERNMENT PROGRAM REVIEWS COVERING COMPLIANCE WITH LAWS AND REGULATIONS. SPECIFIC AREAS OF REVIEW INCLUDE STUDENT PROGRAM ELIGIBILITY, COORDINATION OF FINANCIAL AID PROGRAMS AND OTHER MATTERS. X X X X X X X true THE STOCKADE GROUP 650 FRANLKIN STREET SCHENECTADY NY 12305 TELEMKTING false 42362 51700 0 SNAVELY ASSOC PO BOX 1139 STATE COLLEGE PA 16804 DIRECT MAIL false 247680 36500 211180 COMMUNITY COUNSELLING SERVICE 527 MADISON AVE 5TH FLOOR NEW YORK NY 10022 STRATEGIC ADVICE false 0 133629 0 290042 221829 211180 GOLF 284086 208612 75474 0 0 37449 4500 33525 SYMPOSIUM 48000 20544 27456 2879 19275 0 0 5302 1 29220 29220 361306 258376 102930 2879 19275 37449 4500 38827 102930 true SCHOLARSHIPS 2637 50465199 SCHEDULE I, PART I; QUESTION 2 SAINT PETER'S UNIVERSITY ("UNIVERSITY") PROVIDES SCHOLARSHIPS TO STUDENTS MATRICULATING AT THE UNIVERSITY FOR VARIOUS REASONS INCLUDING, BUT NOT LIMITED TO, ACADEMIC PERFORMANCE, STUDENT INSTITUTIONAL AID AND ATHLETICS. THEREFORE, ALL FUNDS GRANTED ARE USED TO DEFRAY THE COST OF TUITION AND NO FURTHER MONITORING OF THE GRANTS IS REQUIRED. X true true X X X false true false false false false false true false EUGENE J CORNACCHIA PHD EX-OFFICIO TRUSTEE - PRESIDENT 337810 0 35000 0 35661 0 64366 0 472837 0 0 0 HECTOR O PAREDES VP - FINANCE & BUSINESS 167002 0 0 3156 8373 0 587 0 179118 0 0 0 JEFFREY HANDLER MA VP ENROLLMENT MGMT & MKTG 188730 0 0 5000 9530 0 7173 0 210433 0 0 0 LEAH M LETO ED VP ADVANCEMENT 159170 0 20000 5000 8448 0 19264 0 211882 0 0 0 MILOS TOPIC VP IT & OPERATIONS 168781 0 0 0 8970 0 20916 0 198667 0 0 0 VIRGINIA BENDER PHD SEC/SPEC ASST TO PRESIDENT 152209 0 0 0 7610 0 0 0 159819 0 0 0 FREDERICK P BONATO PROVOST/ACADEMIC VP 210805 0 0 0 10804 0 10364 0 231973 0 0 0 ANDREA BUBKA PROFESSOR OF PSYCHOLOGY 112814 0 0 45170 5785 0 10321 0 174090 0 0 0 LEONARD J SCIORRA SCHUH PROFESSOR 137051 0 0 18313 6853 0 65 0 162282 0 0 0 MARYELLEN HAMILTON PROFESSOR OF PSYCHOLOGY 96365 0 0 54058 5218 0 14924 0 170565 0 0 0 GERARD PROTOMASTRO PROFESSOR OF MATHEMATICS 120749 0 0 24094 6124 0 6549 0 157516 0 0 0 JON BOSHART PROFESSOR OF FINE ARTS 112057 0 0 30367 3444 0 10128 0 155996 0 0 0 PART VII AND SCHEDULE J IN ACCORDANCE WITH FORM 990 RULES, REGULATIONS, AND INSTRUCTIONS FOR TAXPAYERS WITH A FISCAL YEAR-END, TAXABLE COMPENSATION REPORTED HEREIN IS DERIVED FROM 2018 FORMS W-2. SCHEDULE J, PART I; QUESTION 1 THE PRESIDENT, EUGENE J. CORNACCHIA, PH.D., RESIDES IN A UNIVERSITY-OWNED PROPERTY AS A CONDITION OF EMPLOYMENT AND FOR THE CONVENIENCE OF THE UNIVERSITY. THE FAIR MARKET VALUE OF THE UNIVERSITY-OWNED PROPERTY AMOUNTED TO APPROXIMATELY $51,247 IN 2018 AND WAS NOT INCLUDED AS TAXABLE WAGES ON THE PRESIDENT'S 2018 FORM W-2. HOUSING ON THE SCHOOL CAMPUS IS PROVIDED TO MR. CORNACCHIA, AS REQUIRED BY THE TERMS OF HIS EMPLOYMENT FOR THE CONVENIENCE OF THE SCHOOL, AND IS TREATED AS NON-TAXABLE UNDER SECTION 119 OF THE INTERNAL REVENUE CODE. SCHEDULE J, PART I; QUESTION 4B EUGENE J. CORNACCHIA, PH.D., PRESIDENT, PARTICIPATED IN AN INTERNAL REVENUE CODE SECTION 457(b) NON-QUALIFIED DEFERRED COMPENSATION PLAN. SCHEDULE J, PART I; QUESTION 7 CERTAIN INDIVIDUALS INCLUDED IN SCHEDULE J, PART II RECEIVED A BONUS DURING CALENDAR YEAR 2018 WHICH AMOUNTS WERE INCLUDED IN COLUMN B(II) HEREIN AND IN EACH INDIVIDUAL'S 2018 FORM W-2, BOX 5, AS TAXABLE MEDICARE WAGES. PLEASE REFER TO THIS SECTION OF THE FORM 990, SCHEDULE J FOR THIS INFORMATION BY PERSON BY AMOUNT. A NJ EDUCATIONAL FACILITIES AUTHORITY 221829511 2007-12-28 36053466 REFINANCE/EXTINGUISH DEBT false false false B NJ EDUCATIONAL FACILITIES AUTHORITY 221829511 2016-07-26 1372934 REFINANCE SERIES 2000B false false false C NJ EDUCATIONAL FACILITIES AUTHORITY 221829511 2016-12-20 1008102 RENOVATION OF POPE HALL false false false A 12693935 0 36053466 0 0 0 840367 0 0 0 3268298 0 2007 true true true true B 910143 0 1372934 0 0 0 3196 0 0 0 0 0 2016 true false true true C 680007 0 1008102 0 0 0 8103 0 0 1000000 0 0 2017 false false true true A false false false false 0.00000 0.00000 0.00000 false false false true B false false false false 0.00000 0.00000 0.00000 false false false true C false false false false 0.00000 0.00000 0.00000 false false false true A true true true CAPITAL ONE BANK 20. true false false 0 false true B true true false 0 false 0 false true C true true false 0 false 0 false true A true B true C true X 24 6165983 stock quote false true true CORE FORM, PART VI, SECTION A; QUESTION 8 The organization's Board of Trustees has several committees that meet on a regular basis. Although there is no formal contemporaneous documentation for these meetings at the committee level, each committee reports directly to the organization's Board of Trustees wherein all discussions at the committee levels are documented in written meeting minutes of the full Board of Trustees. CORE FORM, PART VI, SECTION B; QUESTION 11B THE SAINT PETER'S UNIVERSITY ("UNIVERSITY") FEDERAL FORM 990 WAS PROVIDED TO EACH VOTING MEMBER OF ITS GOVERNING BODY, ITS BOARD OF TRUSTEES, PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE ("IRS"). IN ADDITION, THE UNIVERSITY'S AUDIT COMMITTEE PERFORMED A DETAILED REVIEW OF THE FEDERAL FORM 990. THE UNIVERSITY'S BOARD OF TRUSTEES HAS DELEGATED TO THE AUDIT COMMITTEE THE RESPONSIBILITY TO OVERSEE AND COORDINATE THE FEDERAL FORM 990 PREPARATION, REVIEW AND FILING PROCESS FOR THE UNIVERSITY AND ITS AFFILIATE. AS PART OF THE TAX RETURN PREPARATION PROCESS, THE UNIVERSITY HIRED A PROFESSIONAL CPA FIRM WITH EXPERIENCE AND EXPERTISE IN BOTH EDUCATION AND NOT-FOR-PROFIT TAX RETURN PREPARATION TO PREPARE THE FEDERAL FORM 990. THE CPA FIRM'S TAX PROFESSIONALS WORKED CLOSELY WITH THE UNIVERSITY'S FINANCE PERSONNEL INCLUDING, BUT NOT LIMITED TO, THE VICE PRESIDENT OF FINANCE AND BUSINESS AND CONTROLLER ("INTERNAL WORKING GROUP") TO OBTAIN THE INFORMATION NEEDED IN ORDER TO PREPARE A COMPLETE AND ACCURATE TAX RETURN. THE CPA FIRM PREPARED A DRAFT FEDERAL FORM 990 AND FURNISHED IT TO THE UNIVERSITY'S INTERNAL WORKING GROUP FOR REVIEW. THE INTERNAL WORKING GROUP REVIEWED THE DRAFT FEDERAL FORM 990 AND DISCUSSED QUESTIONS AND COMMENTS WITH THE CPA FIRM. REVISIONS WERE MADE TO THE DRAFT FEDERAL FORM 990 WHERE NECESSARY AND A FINAL DRAFT WAS FURNISHED BY THE CPA FIRM TO THE UNIVERSITY'S INTERNAL WORKING GROUP FOR FINAL REVIEW AND APPROVAL. CORE FORM, PART VI, SECTION B; QUESTION 12 SAINT PETER'S UNIVERSITY ("UNIVERSITY") REGULARLY MONITORS AND ENFORCES COMPLIANCE WITH ITS CONFLICT OF INTEREST POLICY. ANNUALLY ALL MEMBERS OF THE BOARD OF TRUSTEES, DIRECTORS, OFFICERS AND MEMBERS OF SENIOR MANAGEMENT ARE REQUIRED TO REVIEW THE EXISTING CONFLICT OF INTEREST POLICY AND COMPLETE A QUESTIONNAIRE. THE COMPLETED QUESTIONNAIRES ARE RETURNED TO THE ORGANIZATION'S SECRETARY OF THE BOARD FOR REVIEW. THEREAFTER, THE ORGANIZATION'S SECRETARY OF THE BOARD PREPARES A SUMMARY OF THE COMPLETED QUESTIONNAIRES WHICH CONTAINS INFORMATION DISCLOSED ON AN INDIVIDUAL BY INDIVIDUAL BASIS. IF APPLICABLE, THE SECRETARY TO THE BOARD PRESENTS THIS SUMMARY TO THE UNIVERSITY'S EXECUTIVE COMMITTEE FOR ITS REVIEW, DISCUSSION, INVESTIGATION AND IMPLEMENTATION OF ANY NECESSARY MITIGATING BEHAVIOR. CORE FORM, PART VI, SECTION B; QUESTION 15 THE SAINT PETER'S UNIVERSITY ("UNIVERSITY") BOARD OF TRUSTEES HAS AN EXECUTIVE COMPENSATION COMMITTEE ("COMMITTEE"). THE COMMITTEE REVIEWS THE "TOTAL COMPENSATION" OF THE UNIVERSITY'S PRESIDENT WHICH IS INTENDED TO INCLUDE BOTH CURRENT AND DEFERRED COMPENSATION AND ALL EMPLOYEE BENEFITS, BOTH QUALIFIED AND NON-QUALIFIED. THE COMMITTEE'S REVIEW IS DONE ON A CONTRACT RENEWAL BASIS WITH PERFORMANCE BONUSES REVIEWED AND APPROVED ANNUALLY. THE COMMITTEE ENSURES THAT THE "TOTAL COMPENSATION" OF THE PRESIDENT OF THE UNIVERSITY IS REASONABLE. THE COMMITTEE OBTAINS AND RELIES UPON "APPROPRIATE DATA AS TO COMPARABILITY" PRIOR TO MAKING ITS DETERMINATION. THE COMMITTEE IS COMPRISED OF MEMBERS OF THE BOARD OF TRUSTEES, EACH OF WHOM ARE INDEPENDENT AND ARE FREE FROM ANY CONFLICTS OF INTEREST. Although there is no formal contemporaneous documentation for the executive compensation committee meetings at the committee level, this committee reports directly to the organization's Board of Trustees wherein all discussions at the committee level are documented in written meeting minutes of the full Board of Trustees. THE COMPENSATION AND BENEFITS OF OTHER EXECUTIVES REPORTED IN CORE FORM, PART VII AND SCHEDULE J OF THIS FORM 990 ARE REVIEWED ANNUALLY BY THE PRESIDENT WITH ASSISTANCE FROM THE UNIVERSITY'S HUMAN RESOURCES DEPARTMENT IN CONJUNCTION WITH THE INDIVIDUAL'S JOB PERFORMANCE DURING THE YEAR AND IS BASED UPON OTHER OBJECTIVE FACTORS DESIGNED TO ENSURE THAT REASONABLE AND FAIR MARKET VALUE COMPENSATION IS PAID BY THE UNIVERSITY. OTHER OBJECTIVE FACTORS INCLUDE MARKET SURVEY DATA FOR COMPARABLE POSITIONS, INDIVIDUAL GOALS AND OBJECTIVES, PERSONNEL REVIEWS, EVALUATIONS, SELF-EVALUATIONS AND PERFORMANCE FEEDBACK MEETINGS. CORE FORM, PART VI, SECTION C; QUESTION 19 THE SAINT PETER'S UNIVERSITY ("UNIVERSITY") FILED CERTIFICATE OF INCORPORATION AND ANY AMENDMENTS CAN BE OBTAINED AND REVIEWED THROUGH THE STATE OF NEW JERSEY DEPARTMENT OF THE TREASURY. THE UNIVERSITY'S FINANCIAL STATEMENTS, GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE TO THE PUBLIC UPON REQUEST AND AT MANAGEMENT'S DISCRETION. CORE FORM, PART VII AND SCHEDULE J FATHER ROCCO DANZI AND FATHER JOHN HYATT ARE JESUIT PRIESTS WHO ARE OFFICERS OF SAINT PETER'S UNIVERSITY ("UNIVERSITY") BUT ARE NOT ISSUED A FORM W-2 FOR THE SALARY THEY DERIVE. FOR CALENDAR YEAR 2018, FATHER DANZI AND FATHER HYATT WERE PAID $90,450 AND $34,609; RESPECTIVELY. IN ADDITION, FATHER CLAUDIO BURGALETA, ALSO A JESUIT PREIST, SERVED AS THE ASSISTANT TO FATHER ROCCO DANZI. HOWEVER, NONE OF THESE INDIVIDUALS RECEIVE BENEFITS FROM THE UNIVERSITY AND THEIR ENTIRE SALARY IS DEPOSITED DIRECTLY INTO THE JESUIT PROVINCE BANK ACCOUNT. PER THE INSTRUCTIONS TO THE FORM 990, THEIR SALARY IS NOT REQUIRED TO BE REPORTED ON CORE FORM, PART VII OR SCHEDULE J. CORE FORM, PART VII AND SCHEDULE J CORE FORM, PART VII AND SCHEDULE J REFLECT CERTAIN BOARD MEMBERS RECEIVING COMPENSATION AND BENEFITS FROM THIS ORGANIZATION. PLEASE NOTE THIS REMUNERATION WAS FOR SERVICES RENDERED AS FULL-TIME EMPLOYEES OF THIS ORGANIZATION AND NOT FOR SERVICES RENDERED AS A VOTING MEMBER OF THIS ORGANIZATION'S BOARD OF TRUSTEES. CORE FORM, PART VII, SECTION A, COLUMN B CERTAIN BOARD OF TRUSTEE MEMBERS OR OFFICERS LISTED ON CORE FORM, PART VII AND SCHEDULE J OF THIS FORM 990 MAY HOLD SIMILAR POSITIONS WITH BOTH SAINT PETER'S UNIVERSITY ("UNIVERSITY") AND ITS AFFILIATE. THE HOURS SHOWN ON THIS FORM 990, FOR BOARD MEMBERS WHO RECEIVE NO COMPENSATION FOR SERVICES RENDERED IN A NON-BOARD CAPACITY, REPRESENT THE ESTIMATED HOURS DEVOTED PER WEEK TO THE UNIVERSITY. TO THE EXTENT THESE INDIVIDUALS SERVE AS A MEMBER OF THE BOARD OF TRUSTEES OF THE UNIVERSITY'S AFFILIATE, THEIR RESPECTIVE HOURS PER WEEK ARE APPROXIMATELY THE SAME AS REFLECTED IN PART VII OF THIS FORM 990. THE HOURS REFLECTED ON PART VII OF THIS FORM 990, FOR BOARD MEMBERS WHO RECEIVE COMPENSATION FOR SERVICES RENDERED IN A NON-BOARD CAPACITY AND PAID OFFICERS, REFLECT TOTAL HOURS WORKED PER WEEK ON BEHALF OF THE BOTH THE UNIVERSITY AND ITS AFFILIATE; NOT SOLELY THE UNIVERSITY. CORE FORM, PART XI; LINE 9 OTHER CHANGES IN NET ASSETS OR FUND BALANCES INCLUDE: -RENT DUE WRITTEN OFF - $7,057,557 -CHANGE IN PENSION OTHER THAN NET PERIODIC PENSION COST - ($2,432,867); -CHANGE IN FAIR VALUE OF SPLIT-INTEREST AGREEMENTS - ($92,451); AND -CHANGE IN FAIR VALUE OF INTEREST RATE SWAP AGREEMENTS - ($415,301). CORE FORM, PART XII; QUESTION 2 AN INDEPENDENT CPA FIRM AUDITED THE CONSOLIDATED FINANCIAL STATEMENTS OF SAINT PETER'S UNIVERSITY ("UNIVERSITY") AND AFFILIATES FOR THE YEARS ENDED JUNE 30, 2019 AND JUNE 30, 2018; RESPECTIVELY. AN UNMODIFIED OPINION WAS ISSUED BY THE INDEPENDENT CPA FIRM EACH YEAR. THE UNIVERSITY'S AUDIT COMMITTEE ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF THE UNIVERSITY'S CONSOLIDATED FINANCIAL STATEMENTS AND THE SELECTION OF ITS INDEPENDENT AUDITOR. ST PETER'S COLLEGE REALTY HOLDING INC 30 MONTGOMERY STREET 15TH FL JERSEY CITY NJ 07302 201412644 REAL ESTATE NJ 501(C)(3) SPU true SPJC MANAGEMENT 2641 KENNEDY BOULEVARD JERSEY CITY NJ 07306 201447046 INACTIVE NJ SPU C CORP. 0 0 1.00000 true ST PETER'S UNIVERSITY EVENTS COMPANY 2641 KENNEDY BOULEVARD JERSEY CITY NJ 07306 472969571 SUPPORT SPU NJ SPU C CORP. 300147 380818 1.00000 true false false false false false false false false false true false false false true false false true false ST PETER'S COLLEGE REALTY HOLDING INC K, O, 34387973 NET BOOK VALUE