2019-05-02T15:18:48-05:00 2018-06-30 GRANT THORNTON LLP 757 THIRD AVENUE 4TH FLOOR NEW YORK NY 100172013 990 2017-07-01 221500645 Seton Hall University % STEPHEN A GRAHAM SETO 9737619318 400 South Orange Avenue South Orange NJ 07079 STEPHEN A GRAHAM VP For Finance/CFO 9737619003 2019-04-30 true Daniel Romano P00504182 2125990100 65.229.26.130 26377520191225000000 2019-05-02 P D7B8AF3250D91BEAAA4D931A6586FA8A21E15D69 A87539D75D44546F9E81755E19BD8DC508F41D5E 2017 2019-02-21 02:37:17Z Mary J Meehan 400 South Orange Avenue South Orange NJ 07079 978600000 false 0928 X www.shu.edu X 1856 NJ SETON HALL UNIVERSITY IS A CATHOLIC INSTITUTION OF HIGHER EDUCATION 45 34 4214 866 804000 86808 42295000 59790000 343376000 358711000 17150000 29932000 12144000 12921000 414965000 461354000 132700000 141316000 0 0 169597000 173882000 0 0 7262000 96466000 124580000 398763000 439778000 16202000 21576000 714992000 722351000 265530000 263850000 449462000 458501000 X SEE SCHEDULE O false false 280924000 129710000 361680000 Educational - Seton Hall University operates to provide baccalaureate, masters, and doctoral degrees. It enrolls 9,850 undergraduate and graduate students. The University is composed of ten schools located on two campuses, including its Law School located in Newark, New Jersey. Day and evening sessions accommodate both commuter and residential students on a part-time and full time basis. 96608000 10930000 6500000 Academic Support and Student Services - Academic Support provides support services, such as libraries, academic technology, faculty curriculum development, for its primary missions of instruction, research and public service. Student services provide various services to students, such as counseling, career guidance, financial aid, student records, health services and transportation, which contribute to the students' emotional and physical well-being and to their intellectual, cultural and social development outside the context of the University's formal instructional programs. 9215000 676000 0 Research, Training & Public Services - Enables faculty to explore new areas of education, learning and knowledge and provides non-instructional services to individuals and groups external to the University. The University also offers financial support to students through academic scholarships and work-study programs, which are funded by federal, state and private grants. 386747000 true true false true false false false true false true true true false true true true true false true true true false false false true false false true true true true false false false false false false true false true true true false false false false true false false false true 381 0 true 4214 true true true true LU false false true true true true false false false false X 45 34 false false false false false true true true true false false true true true true true true true true false X X X STEPHEN A GRAHAM 9737619003 400 SOUTH ORANGE AVENUE South Orange NJ 07079 X Cardinal Joseph W Tobin Regent / Trustee 1.0 0.0 X 0 0 0 Most Rev James F Checchio Regent 1.0 0.0 X 0 0 0 Most Reverend Kurt R Burnette Regent 1.0 0.0 X 0 0 0 Most Rev Dennis J Sullivan Regent 1.0 0.0 X 0 0 0 Monsignor Michael A Andreano Trustee 1.0 0.0 X 0 0 0 Sr Margaret Stallmeyer CDP Regent 1.0 0.0 X 0 0 0 Henry F D'Alessandro Regent / Trustee 1.0 0.0 X 0 0 0 Francis J Hager Regent / Trustee 1.0 0.0 X 0 0 0 Leo J Zatta Regent / Trustee 1.0 0.0 X 0 0 0 Patrick M Murray Regent / Trustee 1.0 0.0 X 0 0 0 Mary Ann Christopher Regent/Trustee 1.0 0.0 X 0 0 0 James E Collins Regent/Trustee 1.0 0.0 X 0 0 0 Dr Margaret Dames Trustee 1.0 0.0 X 0 0 0 Pamela M Swartzberg Esq Trustee 1.0 0.0 X 0 0 0 Robert S Basso Regent 1.0 0.0 X 0 0 0 Mark D Benjamin Regent 1.0 0.0 X 0 0 0 James T Boyle Jr Regent 1.0 0.0 X 0 0 0 Robert B Budelman Esq Regent 1.0 0.0 X 0 0 0 Edward C Cerny Regent 1.0 0.0 X 0 0 0 Eun-Sook Lucy Cho-Lee MD Regent 1.0 0.0 X 0 0 0 Nicole Archibald Regent 1.0 0.0 X 0 0 0 Mark E Ganton Regent 1.0 0.0 X 0 0 0 David B Gerstein Regent 1.0 0.0 X 0 0 0 John D Hayes Regent 1.0 0.0 X 0 0 0 Helen Lerner Regent 1.0 0.0 X 0 0 0 Robert A Ley Regent 1.0 0.0 X 0 0 0 Richard F Liebler Regent 1.0 0.0 X 0 0 0 Beatriz M Manetta Regent 1.0 0.0 X 0 0 0 Kevin H Marino Esq Regent 1.0 0.0 X 0 0 0 Richard C McMahon Regent 1.0 0.0 X 0 0 0 Kimberly A Capadona Esq Regent 1.0 0.0 X 0 0 0 James M O'Brien Regent 1.0 0.0 X 0 0 0 James L Orsini Regent 1.0 0.0 X 0 0 0 Joseph M Sheridan Regent 1.0 0.0 X 0 0 0 Robert J Sloan Regent 1.0 0.0 X 0 0 0 John F Swift Regent 1.0 0.0 X 0 0 0 Stephen G Waldis Regent 1.0 0.0 X 0 0 0 Dr John F Williams Regent 1.0 0.0 X 0 0 0 David L Flood Regent 1.0 0.0 X 0 0 0 Most Rev Arthur J Serratelli Regent / Trustee 1.0 0.0 X 0 0 37750 Monsignor Robert Coleman Regent / Trustee 45.0 0.0 X 46773 0 68055 Monsignor Thomas P Nydegger Regent / Trustee 45.0 0.0 X 1100 44238 40189 Monsignor Joseph R Reilly Trustee 45.0 0.0 X 36587 0 105805 Monsignor Robert J Wister Trustee 45.0 0.0 X 35133 0 63255 Mary J Meehan PhD Interim Pres./Regent/Trustee 45.0 0.0 X X 453859 0 22285 Monsignor C Anthony Ziccardi V.P. for Mission & Ministry 45.0 0.0 X 70312 0 63255 Karen E Boroff PhD Interim Provost 45.0 0.0 X 392460 0 50158 Matthew Borowick MBA Interim V.P. Advancement 45.0 0.0 X 207452 0 126281 Dennis JGarbiniMBA V.P. Administration 45.0 0.0 X 357529 0 50451 Tracy H Gottlieb PhD V.P. Student Services 45.0 0.0 X 246656 0 50398 Stephen AGrahamMBA V.P. Finance & CFO 45.0 0.0 X 304354 0 42039 Catherine AKiernanJD V.P. & General Counsel 45.0 0.0 X 343989 0 98991 Alyssa McCloud PhD V.P. Enrollment Management 45.0 0.0 X 329757 0 35361 Patrick G Lyons MBA V.P. Athletics and Rec. 45.0 0.0 X 498132 0 61621 Kathleen BoozangJDLLM Dean School of Law 45.0 0.0 X 347986 0 35428 Joyce A Strawser PhD Dean Stillman School Business 45.0 0.0 X 258337 0 84765 Peter W ShoemakerPhD Dean College of Arts & Science 45.0 0.0 X 180896 0 55523 Brian B Shulman PhD Dean School of Health & Med. 45.0 0.0 X 272997 0 36053 Kevin Willard Head Coach Men's Basketball 45.0 0.0 X 1819772 0 120997 Anthony J Bozzella Head Coach Women's Basketball 45.0 0.0 X 366780 0 120624 Hongfei Tang PhDCFA Finance Professor 45.0 0.0 X 310687 0 51962 Andrea Bartoli PhD Dean School of Diplomacy 45.0 0.0 X 274677 0 62196 Stephen JLubbenJD LLM Law School Professor 45.0 0.0 X 265147 0 61187 Gabriel Esteban PhD Former President/Trustee/Regen 45.0 0.0 X 528809 0 47610 Larry A Robinson EdD Former Provost 45.0 0.0 X 395695 0 170046 8345876 44238 1762285 274 true true false Torcon Inc 328 Newman Springs Road Ste 5 RED BANK NJ 077015685 General Contracting 25899633 Gourmet Dining LLC 400 South Orange Avenue SOUTH ORANGE NJ 07079 Food Services 10132025 Temco Building Services One Park Avenue NEW YORK NY 10016 Housekeeping 4138922 KSS Architects LLP 337 Witherspoon Street PRINCETON NJ 08542 Architect 1711645 Securitas Security PO Box 403412 ATLANTA GA 303843412 Security 1676473 92 541000 44494000 14755000 618000 59790000 TUITION & FEES 900099 324571000 324571000 ROOM AND BOARD 900099 33397000 33397000 MEDICAL RESIDENCY PROGRAM 900004 743000 743000 358711000 4216000 164000 4052000 544000 544000 152000 15000 137000 264000 29000 235000 0 235000 235000 541938000 0 516770000 4000 25168000 -4000 25172000 25172000 538000 541000 443000 95000 95000 0 0 0 0 0 0 NCAA/CONFERENCE DISTRIBUTIONS 900099 4041000 4041000 ATHLETICS TICKET SALES 900099 2459000 2459000 PARKING 812930 1640000 1640000 4299000 2969000 625000 705000 12439000 461354000 368180000 804000 32580000 560000 560000 140756000 140756000 0 0 5806000 3581000 1479000 746000 506000 506000 124785000 105126000 16257000 3402000 7365000 6204000 960000 201000 26587000 21578000 4174000 835000 8833000 7446000 1147000 240000 144000 128000 16000 460000 199000 261000 267000 267000 140000 140000 0 4148000 4148000 24303000 22984000 937000 382000 1542000 946000 487000 109000 8207000 6179000 1474000 554000 6977000 1689000 5268000 20000 0 7866000 7855000 10000 1000 7978000 7086000 556000 336000 0 3256000 2572000 383000 301000 7102000 7008000 94000 0 17810000 16837000 933000 40000 2245000 52000 2193000 REPAIRS AND MAINTENANCE 6138000 4565000 1552000 21000 MEDICAL SCHOOL 15698000 15698000 BAD DEBT PROVISION 1846000 1846000 BOOKS AND SUBSCRIPTIONS 3026000 2979000 25000 22000 5427000 4213000 1162000 52000 439778000 386747000 45769000 7262000 X 15692000 14415000 6337000 1357000 12208000 12275000 5309000 5305000 0 0 0 0 12127000 10818000 0 0 8790000 16956000 606939000 279199000 298887000 327740000 190700000 121579000 97667000 174334000 0 0 0 0 67275000 37572000 714992000 722351000 46336000 37716000 0 0 13394000 14265000 185672000 180949000 0 0 0 0 0 0 0 0 20128000 30920000 265530000 263850000 X 257672000 253627000 100207000 107670000 91583000 97204000 449462000 458501000 714992000 722351000 X 21576000 -2356000 -10181000 X false true X true true true X 47381000 42850000 44070000 42295000 59790000 236386000 0 0 47381000 42850000 44070000 42295000 59790000 236386000 0 236386000 5479000 5805000 5543000 5602000 4968000 27397000 121000 507000 518000 534000 804000 2484000 2452000 2613000 2732000 2746000 2883000 13426000 279693000 1716533000 0.84516 0.80922 X false true false true 1200 false true 19494 true 149504 false false 170198 false Part II-B, Line 1(i) Other Lobbying Activities Seton Hall University lobbied state legislators regarding annual independent college appropriations, student aid for independent college students and School of Medicine support. Efforts consisted of direct mailings, phone calls and personal meetings. Members of Congress were contacted regarding student aid and grants for various university programs. The University's staff is involved in lobbying efforts. The value of that staff time is approximately $29,579. Those costs have been reported on Line 7 (other salaries and wages) and not separately identified on Line 11 (d) in Part IX, statement of Functional Expenses. 1296000 X X X false 259799000 3286000 25041000 3487000 11431000 2118000 271090000 246904000 1664000 30476000 3455000 14616000 1174000 259799000 263948000 4424000 -879000 2807000 15669000 2113000 246904000 272174000 3227000 10750000 2742000 15988000 3473000 263948000 241466000 3576000 41387000 2658000 10262000 1335000 272174000 0.35100 0.35900 0.29000 true false 2992000 2992000 521389000 223463000 297926000 65175000 55615000 9560000 17383000 121000 17262000 327740000 OUTSIDE TRUST 8910000 F HEDGE FUNDS 36788000 F COMMINGLED FUNDS 1290000 F PRIVATE EQUITY FUNDS 5644000 F VENTURE CAPITAL 4493000 F PRINCIPAL GLOBAL REAL ESTATE 6172000 F EMERGING MARKETS 5211000 F LIQUID FIXED INCOME 12114000 F ILLIQUID FIXED INCOME 32458000 F OPPORTUNISTIC 23270000 F LONG EQUITY 22698000 F DIVERSIFYING ASSETS 11152000 F REAL ASSETS 4134000 F 174334000 DEPOSITS W/TRUSTEE 29131000 OTHER RECEIVABLES 8441000 37572000 0 REFUNDABLE U.S. GOV'T GRANTS 9548000 CONDITIONAL ASSET RETIRE OBLIG 8841000 CAPITAL LEASE OBLIGATION 11508000 ACCRUED POSTRETIREMENT BENEFIT 926000 DUE TO AFFILIATE 97000 30920000 X 319699000 -2356000 509000 202000 -1645000 321344000 4148000 135862000 140010000 461354000 310660000 509000 10855000 11364000 299296000 4148000 136334000 140482000 439778000 Part III, line 4 Collections are composed of: a mural, ancient Greek and Roman coins, book collections, paintings, wild life art collections, and a special collection of research papers. Collections are utilized by students, faculty, administrators and the general public. Their usage helps achieve the ultimate goal of advancing the educational and research mission of the University. Part V, line 4 Endowment funds support the University's mission by providing a sustainable flow of funds to annual operations. This support includes funds for scholarships and for specific academic programs. The University has adopted an endowment spending policy designed to provide a predictable flow of funds to operations. The policy is intended to balance current spending needs and preserve the endowment's future purchasing power. The University applies a 4.5% spending rate to a three-year moving average of endowment investment funds. The Board of Regents sets the spending rate. The purpose of using a moving average is to smooth out any wide fluctuations in the market value. Endowment earnings in excess of the spending rate are added back to the principal of the endowment investments. In years when yield exceeds the amount appropriated under the spending policy the excess is returned to principal as appreciation. When annual yield is insufficient to support spending appropriations, the balance is provided from accumulated appreciation. Special allocations are made for certain purposes in addition to the spending rate, as approved by the University's Board of Regents, annually. Part X, line 1: Other Liabilities - Income Taxes Accounting Standards Codification ("ASC") 740-10 clarifies the accounting for uncertainty in tax positions taken or expected to be taken in a tax return, including issues relating to financial statement recognition and measurement. This section provides that the tax effects from an uncertain tax position can be recognized in the financial statements only if the position is "more-likely-than-not" to be sustained if the position were to be challenged by a taxing authority. The assessment of the tax position is based solely on the technical merits of the position, without regard to the likelihood that the tax position may be challenged. The University is exempt from Federal and New Jersey State Income taxation by virtue of being an organization described in Section 501(c)(3) of the IRC and similar provisions of the New jersey State tax code. Nevertheless, The University may be subject to tax on income unrelated to its exempt purpose, unless that income is otherwise excluded by the Code.The University believes that there are no material uncertain tax positions within its financial statements. Part XI, Line 2D - Other Change in the value of the split-interest agreements of $202,000. Part XI, Line 4b - Other Financial Aid of $136,334,000, less rental expense of $29,000, and less special events expenses of $443,000. Part XII, Line 2D - Other Provision for uncollectible contributions receivable of $435,000, plus Equity investment impact FY18 write-down of $9,948,000, plus special events expense of $443,000 and rental expense of $29,000. Part XII, Line 4B - Other Financial aid of $136,334,000. true true true true true true true false false false false false false false false true false true Part I, Line:3 The University's racially nondiscriminatory policy appears in its Undergraduate and Graduate catalogs, as well as in the Admission Prospectus. It is also in all newspaper advertisements and the University's website. Line 6 - Explanation of Government Financial Aid The University participates in various Federal and State financial aid programs, which include, but are not limited to the following programs: Federal Direct Lending Program, Federal Pell Grant, Federal College Work Study, Federal Supplemental Education Opportunity Grant, N.J State Tuition Assistance Grant and N.J. State Education Opportunity Fund. Central America and the Caribbean Investments 134082000 Europe (Including Iceland and Greenland) Investments 2521000 East Asia and the Pacific Program Services Student Recruitment 69000 East Asia and the Pacific Program Services MBA Program 63000 East Asia and the Pacific Program Services MSPA Program Europe (Including Iceland and Greenland) Program Services Compliance Cert. 51000 East Asia and the Pacific Program Services Compliance Cert. 60000 136846000 136846000 true false true true true false Part I, Line 3, (1 & 2); Part IV , Lines 1, 3 & 4 By virtue of its investments in various limited partnership investments, Seton Hall University may invest in passive foreign investment companies and/or foreign partnerships; to the extent the University is required to file the Forms 926, 5471, 8621, or 8865, those foreign forms were attached to the University's Form 990-T. Part I, Lines 3, (3)&(4) Support for student recruitment and academic exchange program developments. During FY2018, the Stillman School continued to offer an executive-style MBA program in collaboration with Viagold International Education Management Group, with cohorts in Beijing, Shanghai and Zhuhai, China. Students are taught in Mandarin by a combination of Stillman faculty and faculty employed by Chinese universities, and the students spend a week during their final semester at Seton Hall's South Orange campus to complete the MBA program and participate in Graduate Commencement. Part I, Line 3, (5) In January 2017, our AACSB-accredited Stillman School of Business, one of two schools in New Jersey to hold this accreditation for its accounting program and one of less than 200 schools to hold this distinction worldwide, began its partnership with the University of Santo Tomas (UST) in Manila, Philippines. The UST faculty cohort is comprised of ten (10) faculty members who have each been accepted to the Stillman's Master of Science in Professional Accounting degree program. This program is thirty (30) credits and the Stillman School has offered one to two courses per semester. Students are fully engaged with the Stillman School of Business faculty using the Seton Hall University learning platforms. Expenses were incurred in the United States. Part I, Line 3 (6) Europe Compliance Certification The pharmaceutical, biotech and medical device industries are increasingly facing a more challenging regulatory and enforcement landscape throughout Europe. This intensive, multi-day educational and training certification in healthcare compliance addresses the myriad of legal, regulatory and compliance issues faced by pharmaceutical, biotech and medical device manufacturers working in healthcare compliance in Europe Part I, Line 3 (7) East Asia and the Pacific - Compliance Certification In the Asia-Pacific region and beyond, the pharmaceutical, biotech and medical device industries increasingly face a more challenging regulatory and enforcement landscape. This intensive, multi-day educational healthcare compliance program addresses the myriad of legal, regulatory and compliance issues encountered by pharmaceutical, biotech and medical device manufacturers doing business in the Asia-Pacific region. Modeled after Seton Hall Law's extraordinarily popular European and U.S. compliance certification programs, our Asia-Pacific healthcare compliance training program provides the legal knowledge and ethical foundation essential for todays healthcare compliance professionals. LS Dinner Dance 286000 170000 116000 29000 68000 9000 10000 BeefSteakDinner 154000 84000 70000 1000 22000 5000 8000 8 639000 287000 352000 4000 57000 136000 23000 71000 1079000 541000 538000 4000 87000 226000 37000 89000 443000 95000 true Township of South Orange Village 76 S Orange Ave South Orange NJ 07079 226002309 115 486000 See Part IV. South Orange Performing Arts Center Inc 1 Sopac Way South Orange NJ 07079 320074004 501(C)(3) 18000 General Purpose Saint Paul's Outreach 110 Crusader Ave West St St Paul MN 55118 411621192 501(C)(3) 25000 General Purpose Catholic Charities Diocese of Metuchen 319 Maple St Perth Amboy NJ 08861 222423496 501(C)(3) 10000 General Purpose Hackensack meridian Health 343 Thornall St Edison NJ 08837 222367109 501(C)(3) 7000 General Purpose EagleVision Production Inc 3 Gail Ct Robinsville NJ 08691 223583189 501(C)(3) 7000 General Purpose Juntos Y Unidos Por Puerto Rico Inc 252 Ponce de Leon Ave San Juan PR 00917 660886334 501(C)(3) 7000 General Purpose 7 0 Federal Awards 2018 10756000 State of New Jersey Awards 1735 13336000 Institutional Support 10707 116664000 Part I, Line 2 All University spending must be approved by a manager or higher level, depending on the amount of the expenditure. Any expenditure of $1,000 or above would have to be approved by a Dean or other budget center manager. An expenditure in excess of $10,000 must be approved by a Vice President (or that person's designee) or the President. Grants or assistance to outside organizations are segregated in the University's financial accounting system through the use of a separate account code, which allows for review by University's central finance department. Scholarships are provided to students who are required to matriculate in the University, thereby ensuring that the funds are expended for the intended purposes. Part II,Line 2, (h) Purpose of grant assistance: South Orange Performing Arts Center, Inc. (SOPAC) - Construction of South Orange Performing Arts Center. X X X false true X X X X X false true false true false false false true false Mary J Meehan PhD Interim Pres./Regent/Trustee 441162 0 0 0 12697 0 21600 0 685 0 476144 0 0 0 Karen E Boroff PhD Interim Provost 383933 0 0 0 8527 0 21600 0 28558 0 442618 0 0 0 Matthew Borowick MBA Interim V.P. Advancement 201024 0 0 0 6428 0 16457 0 109824 0 333733 0 0 0 Dennis JGarbiniMBA V.P. Administration 315205 0 32000 0 10324 0 21600 0 28851 0 407980 0 0 0 Tracy H Gottlieb PhD V.P. Student Services 216010 0 22081 0 8565 0 17841 0 32557 0 297054 0 0 0 Stephen AGrahamMBA V.P. Finance & CFO 269908 0 27000 0 7446 0 21600 0 20439 0 346393 0 0 0 Catherine AKiernanJD V.P. & General Counsel 307516 0 27649 0 8824 0 21600 0 77391 0 442980 0 0 0 Alyssa McCloud PhD V.P. Enrollment Management 267188 0 55000 0 7569 0 21533 0 13828 0 365118 0 0 0 Patrick G Lyons MBA V.P. Athletics and Rec. 351286 0 125000 0 21846 0 21600 0 40021 0 559753 0 0 0 Kathleen BoozangJDLLM Dean School of Law 339728 0 0 0 8258 0 21600 0 13828 0 383414 0 0 0 Joyce A Strawser PhD Dean Stillman School Business 257279 0 0 0 1058 0 20975 0 63790 0 343102 0 0 0 Peter W ShoemakerPhD Dean College of Arts & Science 180642 0 0 0 254 0 21600 0 33923 0 236419 0 0 0 Brian B Shulman PhD Dean School of Health & Med. 271373 0 0 0 1624 0 21600 0 14453 0 309050 0 0 0 Kevin Willard Head Coach Men's Basketball 1617561 0 165000 0 37211 0 21600 0 99397 0 1940769 0 0 0 Anthony J Bozzella Head Coach Women's Basketball 290792 0 57500 0 18488 0 21600 0 99024 0 487404 0 0 0 Hongfei Tang PhDCFA Finance Professor 310554 0 0 0 133 0 10719 0 41243 0 362649 0 0 0 Andrea Bartoli PhD Dean School of Diplomacy 265853 0 0 0 8824 0 21600 0 40596 0 336873 0 0 0 Stephen JLubbenJD LLM Law School Professor 264811 0 0 0 336 0 21600 0 39587 0 326334 0 0 0 Gabriel Esteban PhD Former President/Trustee/Regen 360780 0 0 0 168029 0 21600 0 26010 0 576419 0 0 0 Larry A Robinson EdD Former Provost 375161 0 0 0 20534 0 162998 0 7048 0 565741 0 0 0 Part I, Line 1a As a condition of employment at the University, the University provided housing and related services at no charge to its former President, A. Gabriel Esteban through April 10, 2017. In addition, housing and related services were provided at no charge to members of its priest community which included an officer, along with certain Regents and Trustees listed in Form 990, Part VII (Monsignor Anthony Ziccardi, Monsignor Joseph R. Reilly, Monsignor Robert Coleman, Monsignor Thomas P. Nydegger, and Monsignor Robert J. Wister). The value of the housing and related benefits are included in nontaxable benefits in Schedule J, Part II. The University paid membership fees to a country club for its men's basketball coach, Kevin Willard, women's basketball coach Anthony J. Bozzella, and V.P. Athletics & Recreational services, Patrick G. Lyons. Their attendance at these organizations were exclusively business related in order to assist University Advancement with donor cultivation and fundraising efforts. Such fees totaled $61,575, $19,718, and $26,025, respectively. They are included in nontaxable benefits in Schedule J, Part II. Part I, Line 5a Patrick G.Lyons, V.P. Athletics & Recreation Services, received $125,000 of incentive compensation for reaching certain progress goals associated with Athletic Department revenue. A NJEFA - Seton Hall - CIF 2014 D 221829511 646066DG2 2014-04-29 19369367 SEE PART VI false false true B NJEFA - Seton Hall - ISSUE 2011 A 221829511 646065U83 2011-06-10 37578532 SEE PART VI false false false C NJEFA - Seton Hall - CIF 2014 B 221829511 646066DG2 2014-04-29 19369367 SEE PART VI false false true D NJEFA - Seton Hall - ELF 2014 B 221829511 6460658J4 2014-01-30 8131497 SEE PART VI false false true A 571238 0 19369367 0 0 0 113339 0 0 0 1226845 0 2014 false true true true B 29570000 0 37578532 0 0 0 411094 0 0 0 37167438 0 2011 true false true true C 107178 0 19369367 0 0 0 113339 0 0 1014830 0 0 2015 false false true true D 126264 0 8131497 0 0 0 54722 0 0 330900 0 0 2015 false false true true A false false false 0.00000 0.00590 0.00590 false false 0.00000 false true B 0.00000 0.00000 0.00000 0.00000 C false false false false 0.00000 0.00590 0.00590 false false 0.00000 false true D false false false false 0.00000 0.00670 0.00670 false false 0.00000 false true A false true false false false false 0 false 0 false true B false false true false false false 0 false 0 false true C false true false false false false 0 false 0 false true D false true false false false false 0 false 0 false true A true B true C true D true Part IV, Line 2C REBATE COMPUTATIONS WERE PERFORMED THROUGH JUNE 30, 2018 FOR SETON HALL UNIVERSITY BOND ISSUES 2011 A, 2013 D, 2015 C, 2016 C, and 2017 D. THERE IS NO REBATE LIABILITY RELATED TO ANY OF THESE BOND ISSUES AS OF JUNE 30, 2018. PART I, COLUMN(F) DESCRIPTION OF PURPOSE 1. On April 29, 2014 the NJEFA issued CIF bonds, 2014 Series B, and advance refunding CIF bonds, 2014 Series D, pursuant to a program of the State of New Jersey to finance capital improvements at institutions of higher education. One Form 8038 was filed by the NJEFA covering both issues, under CUSIP number 646066DG2. Gross proceeds from both issues were $19,369,367 with the 2014 B portion being $15,493,539 and the 2014 D portion being $3,875,828. The 2014 Series B issue is discussed below. The 2014 Series D issue advance refunded the remaining balance of the 2004 Series A bonds related to three private institutions, of which the University was one. The 2004 Series A bond proceeds were used by the University to fund capital improvements on its campus. The University's portion of the $3,875,828 was $2,724,951, with $1,226,845 being debt repayable over seven years and the remainder refunding other State issues that provided grant funds for capital improvements to the University in prior years. As a result of this refunding, amounts payable by each institution, including the University, was adjusted to take into account allocable debt service savings. THE AMOUNT REPORTED ON SCHEDULE K, PART III, LINE 5 REPRESENTS THE BOND ISSUANCE COSTS FROM SCHEDULE K, PART II, LINE 7 DIVIDED BY THE AMOUNT ON PART II, LINE 3, TOTAL PROCEEDS OF ISSUE. 2. SETON HALL UNIVERSITY ISSUE, 2011 SERIES A, (CUSIP NUMBER 646065U83)WAS ISSUED BY THE NJEFA TO CURRENTLY REFUND SETON HALL UNIVERSITY'S 1999 REFUNDING, 2001 SERIES A, 2001 SERIES B, AND 2001 SERIES G BOND ISSUES. THE 1999 REFUNDING ISSUE WAS ISSUED IN JULY 1999 TO REFUND THE UNIVERSITY'S 1991 SERIES D AND 1989 SERIES C ISSUES. THE 1991 SERIES D AND THE 1989 SERIES C ISSUES WERE ISSUED TO FINANCE CAPITAL IMPROVEMENTS. THE 2001 SERIES A ISSUE WAS ISSUED IN JUNE 2001 TO REFUND THE UNIVERSITY'S 1991 SERIES A ISSUE WHICH REFUNDED THE UNIVERSITY'S 1985 SERIES A ISSUE WHICH WAS ISSUED TO FINANCE CAPITAL IMPROVEMENTS. THE 2001 SERIES B ISSUE WAS ISSUED IN JUNE 2001 TO REFUND THE UNIVERSITY'S 1991 SERIES B ISSUE WHICH WAS ISSUED TO REFUND THE UNIVERSITY'S 1988 SERIES B ISSUE WHICH WAS ISSUED TO REFUND THE UNIVERSITY'S 1976 SERIES A ISSUE AND TO FINANCE CAPITAL IMPROVEMENTS. THE 1976 SERIES A ISSUE WAS ISSUED TO FINANCE CAPITAL IMPROVEMENTS. THE 2001 SERIES G ISSUE WAS ISSUED IN JUNE 2001 TO FINANCE CAPITAL IMPROVEMENTS. 3. AS NOTED ABOVE, ON APRIL 29, 2014 THE NJEFA ISSUED CIF BONDS, SERIES 2014 B, PURSUANT TO A PROGRAM OF THE STATE OF NEW JERSEY TO FINANCE CAPITAL IMPROVEMENTS AT INSTITUTIONS OF HIGHER EDUCATION. THE GROSS PROCEEDS OF THIS ISSUANCE WERE $15,493,539. THE PROCEEDS WERE ALLOCATED TO SIX PRIVATE INSTITUTIONS OF HIGHER EDUCATION. SETON HALL'S APPORTIONED AMOUNT WAS $2,192,165. AFTER $12,165 OF APPORTIONED ISSUANCE COSTS, THE REMAINDER THAT WAS RECEIVED BY SETON HALL WAS $2,180,000, OF WHICH $1,165,170 WAS A GRANT AND $1,014,830 WAS DEBT REPAYABLE OVER 20 YEARS. BONDS ISSUED TO FINANCE GRANTS MUST BE APPROVED BY THE STATE TREASURER AND ARE REPAYABLE BY THE STATE SUBJECT TO APPROPRIATION. THE BONDS WERE SOLD BASED ON THE CREDIT OF THE STATE. EACH INSTITUTION ENTERED INTO A GRANT AGREEMENT OBLIGATING THE GRANTEE TO PAY A PORTION OF THE DEBT SERVICE ON THE BONDS ALLOCABLE TO THE GRANT. SETON HALL SPENT THE ENTIRE AMOUNT OF THE DEBT PROCEEDS ALLOCATED TO IT ON CAPITAL IMPROVEMENTS. THE AMOUNT REPORTED ON SCHEDULE K, PART III, LINE 5 REPRESENTS THE BOND ISSUANCE COSTS FROM SCHEDULE K, PART II, LINE 7 DIVIDED BY THE AMOUNT ON PART II, LINE 3, TOTAL PROCEEDS OF ISSUE. 4. ON JANUARY 30, 2014 THE NJEFA ISSUED HIGHER EDUCATION EQUIPMENT LEASING FUND ("ELF") PROGRAM BONDS, SERIES 2014 B, PURSUANT TO A PROGRAM OF THE STATE OF NEW JERSEY TO FINANCE CAPITAL IMPROVEMENTS AT INSTITUTIONS OF HIGHER EDUCATION. THE ELF 2014 B ISSUE IS ALLOCATED TO EQUIPMENT PURCHASES AT SIX PRIVATE INSTITUTIONS OF HIGHER EDUCATION. THE GROSS PROCEEDS OF THIS ISSUANCE WERE $8,131,497. SETON HALL'S APPORTIONED AMOUNT WAS $1,522,184. AFTER $10,253 OF APPORTIONED ISSUANCE COSTS, THE REMAINDER THAT WAS RECEIVED BY SETON HALL WAS $1,511,931, OF WHICH $1,181,031 WAS A GRANT AND $330,900 WAS DEBT REPAYABLE OVER 9 YEARS. BONDS ISSUED TO FINANCE GRANTS MUST BE APPROVED BY THE STATE TREASURER AND ARE REPAYABLE BY THE STATE SUBJECT TO APPROPRIATION. THE BONDS WERE SOLD BASED ON THE CREDIT OF THE STATE. EACH INSTITUTION ENTERED INTO A GRANT AGREEMENT OBLIGATING THE GRANTEE TO PAY A PORTION OF THE DEBT SERVICE ON THE BONDS ALLOCABLE TO THE GRANT. SETON HALL SPENT THE ENTIRE AMOUNT OF THE DEBT PROCEEDS ALLOCATED TO IT ON EQUIPMENT. THE AMOUNT REPORTED ON SCHEDULE K, PART III, LINE 5 REPRESENTS THE BOND ISSUANCE COSTS FROM SCHEDULE K, PART II, LINE 7 DIVIDED BY THE AMOUNT ON PART II, LINE 3, TOTAL PROCEEDS OF ISSUE. 5. SETON HALL UNIVERSITY ISSUE, 2013 Series D, (CUSIP 6460656D9) WAS ISSUED BY THE NJEFA TO CURRENTLY REFUND SETON HALL UNIVERSITY'S 2009 C BONDS SOLD DIRECTLY TO CAPITAL ONE, N.A., FINANCE A PORTION OF THE COST OF TERMINATING THE UNIVERSITY'S INTEREST RATE SWAP AGREEMENT WITH CITIBANK, N.A. THAT HEDGED INTEREST RATE EXPOSURE RELATED TO THE 2009 C BONDS, AND TO FINANCE CAPITAL IMPROVEMENTS. THE UNIVERSITY'S 2009 SERIES C BONDS REFUNDED THE UNIVERSITY ISSUE, 1998 SERIES F, ISSUED ON JUNE 29, 1998 BY THE NJEFA TO REFUND A 1991 SERIES D SETON HALL UNIVERSITY ISSUE THAT FINANCED CAPITAL IMPROVEMENTS AT THE UNIVERSITY. THE PORTION OF THE 2013 D TOTAL PROCEEDS OF $43,935,728 THAT WAS USED TO REFUND THE 2009 C BONDS AND TO FINANCE A PORTION OF THE COST TO TERMINATE THE RELATED SWAP AGREEMENT WAS $7,800,307. THE AMOUNT REPORTED ON SCHEDULE K, PART III, LINE 5 REPRESENTS THE BOND ISSUANCE COSTS FROM SCHEDULE K, PART II, LINE 7 DIVIDED BY THE AMOUNT ON PART II, LINE 3, TOTAL PROCEEDS OF ISSUE. 6. Seton Hall University issue, 2015 C (CUSIP 646066MC1) was issued by the NJEFA to advance refund Seton Hall University's 2008 Series E bonds. The proceeds of $24,255,807, which included a debt premium of $2,050,807, together with $1,850,957 of 2008 Series E debt service reserve funds, were deposited in an irrevocable trust to pay interest along with principal outstanding of $22,030,000 on its 2008 Series E bonds through July 1, 2019, and pay bond issuance costs of $306,564. The 2008 Series E issue, along with 2008 Series D, were issued by the NJEFA to currently refund Seton Hall University issues, 2005 Series C and 2006 Series A. The 2005 Series C issue financed capital improvements at the University. The 2006 Series A issue refunded the University's 1996 Series E issue, which was for capital improvements and for refunding the University's 1989 Series C issue, which was for capital improvements. 7. Seton Hall University issue, 2016 Series C (CUSIP 646066B66), was issued by the NJEFA to fund capital improvements on the University's campus. 8. On July 26, 2016 the NJEFA issued CIF bonds, 2016 Series A, and refunded CIF bonds, 2006 Series A, and other series of CIF bonds, pursuant to a program of the State of New Jersey to finance capital improvements at institutions of higher education. The bonds were issued privately (therefore no CUSIP #)in the principal amount of $20,805,115 which was allocated to fourteen private institutions in New Jersey. The University's share of the proceeds was $2,326,537, of which $1,134,796 was used to refund the remaining University balance of 2006 Series A and the remainder refunded other State issues that provided grant funds for capital improvements to the University in prior years. The 2006 Series A bonds partially advance refunded the 2004 Series A bonds and other Series of CIF bonds for capital improvements. The amounts payable to the State by each institution were adjusted to take account of allocable debt services savings. The amount reported on Schedule K, Part III, line 5 represents the bond issuance costs from Schedule K, Part II, line 7 divided by the amount on Part II, line 3, total proceeds of issue. 9. On December 20, 2016 the NJEFA issued CIF bonds, 2016 Series B, pursuant to a program of the State of New Jersey to finance capital improvements at institutions of higher education. One form 8038 was filed by the NJEFA covering the issue under CUSIP number 646066F54. The bonds were issued in the principal amount of $30,676,062 which was allocated to a total of twelve private institutions in New Jersey. The University's apportioned amount, after $12,153 of apportioned issuance costs, was $1,500,000. Of this amount that was received by the University, $766,748 was a grant and $733,252 was debt repayable over twenty years. Both amounts will be spent on capital improvements. Bonds issued to finance grants must be approved by the state treasurer and are payab A NJEFA - Seton Hall - ISSUE 2013 D 221829511 6460656D9 2013-07-10 43935728 SEE PART VI false false false B NJEFA - SETON HALL - ISSUE 2015 C 221829511 646066MC1 2015-07-14 24225807 SEE PART VI false false false C NJEFA - Seton Hall - ISSUE 2016 C 221829511 646066b66 2016-09-15 38059002 SEE PART VI false false false D NJEFA - Seton Hall - CIF 2016 A 221829511 2016-07-26 20805115 SEE PART VI false false true A 3400000 0 43935728 0 2405009 0 522077 0 0 33208335 7800307 0 2014 true false true true B 2005000 0 24255807 0 0 0 306564 0 0 0 23949243 0 2015 false true true true C 0 0 38059002 0 1655530 0 403472 0 0 31281779 0 4718221 2018 false false false true D 5600 0 20805115 0 0 0 48426 0 0 0 1046461 0 2016 true false true true A false false false false 0.00000 0.01190 0.01190 false false 0.00000 false true B 0.00000 0.00000 0.00000 0.00000 C false false false false 0.00000 0.01060 0.01060 false false 0.00000 false true D false false false false 0.00000 0.00230 0.00230 false false 0.00000 false true A false true false false 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 D false true false false false false 0 false 0 false true A true B true C true D true A NJEFA - Seton Hall - CIF 2016 B 221829511 646066f54 2016-12-20 30676062 SEE PART VI false false true B NJEFA - SETON HALL - ISSUE 2017 D 221829511 646066V64 2017-06-29 41827193 SEE PART VI false false false A 15528 0 30676062 0 0 0 246539 0 0 534748 0 198504 2019 false false false true B 0 0 41827193 0 0 0 348259 0 0 0 41478934 0 2017 true false true true A false false false false 0.00000 0.00800 0.00800 false false 0.00000 false true B false false false false 0.00000 0.00830 0.00830 false false 0.00000 false true A false true false false false false 0 false 0 false true B false true false false false false 0 false 0 false true A true B true Total of 12 337628 Scholar/Tuition Remission Education MARY ANN CHRISTOPHER Brother of Trustee/Regent 53587 LEGAL SERVICES false ROBERT J SLOAN Regent 214203 TELEPHONE CHARGES false THOMAS SHARKEY SR Regent Emeritus 29042 BROKERAGE FEES false Francis J Hager Regent/Trustee 653153 Management fees false Tracy HGottlieb Sister of Officer 112174 COMPENSATION & BENEFITS false Tracy HGottlieb Sister of Officer 66991 COMPENSATION & BENEFITS false Tracy HGottlieb Daughter-in-law of Officer 70426 COMPENSATION & BENEFITS false MATTHEW BOROWICK DAUGHTER OF OFFICER 50882 COMPENSATION & BENEFITS false Larry A Robinson Spouse of Former Officer 134442 COMPENSATION & BENEFITS false Larry A Robinson Daughter of Former Officer 70907 COMPENSATION & BENEFITS false Part III Grants or Assistance Benefiting Interested Persons Seton Hall University is not required to identify interested persons to whom assistance was provided under the Family Educational Rights and Privacy Act (FERPA) PART IV Business Transactions Involving Interested Persons The brother of Mary Ann Christopher, trustee/Regent, is a partner in the Law Firm of Gibbons P.C. Seton Hall University paid Gibbons P.C. $53,587, with 1 bill over $10,000, for legal services in the year ended June 30, 2018. Robert J. Sloan, regent, is a Vice President at AT&T. Seton Hall University paid AT&T $214,203 for telephone charges in the year ended June 30, 2018 . Thomas Sharkey, Sr., Regent Emeritus, and his son Thomas Sharkey, Jr., are the Chairman and President, respectively, of the Insurance Brokerage Company, Meeker Sharkey & Hurley. Seton Hall deals directly with them for its Long Term Disability benefits. The carrier is CIGNA. Meeker Sharkey & Hurley received $29,042 in brokerage fees for this arrangement. Francis J. Hager, Regent/Trustee has business relationship with Appomattox Capital, the University's Outsourced Endowment Portfolio Manager. Total management fees paid in FY 2018 was $653,153. The two sisters and daughter-in-law of Dr. Tracy H. Gottlieb, V.P. for Student Services, served as employees of the University. In fiscal year 2018, they received total compensation and benefits of $112,174, $66,991, and $70,426, respectively. The daughter of Matthew Borowick, Interim V.P. University Advancement, served as an employee of the University. In fiscal year 2018, she received total compensation and benefits of $50,882. The spouse and daughter of Larry A. Robinson, Former Provost, served as an employee of the University. In fiscal year 2018, They received total compensation and benefits of $134,442 and $70907, respectively. All transactions with interested persons were conducted at arm's length, for good and sufficient consideration, based on terms that are fair and reasonable to and for the benefit of the University. The applicable interested persons had no influence over the decisions to enter into the transactions. X 0 X 0 X 0 X 0 X 2000 Cost X 0 X 0 X 0 X 27 507000 Selling price X 0 X 0 X 0 X 0 X 0 X 0 X 0 X 0 X 0 X 17 28000 Cost X 0 X 0 X 0 X 0 X 0 X MISCELLANEOUS 69 81000 Cost false true true Part I, Line 32b Auction companies are used to process and/or sell noncash contributions in "silent auctions" at several fundraising events. To the extent Seton Hall University receives donations of publicly traded securities, its investment broker is engaged to sell those securities. The University reimbursed a related party, the Roman Catholic Archdiocese of Newark, for administrative expenses incurred in conducting the Archbishop's annual appeal to raise funds from the congregation for the benefit of the University. Form 990, Part III, Line 1 Seton Hall University is the nation's oldest diocesan Catholic University. In a diverse and collaborative environment, it focuses on academic, ethical, and spiritual development. Seton Hall students are prepared to be leaders in their professional and community lives in a global society and are challenged by outstanding faculty, an evolving technologically advanced setting, and values-centered curricula. Seton Hall University's 58-acre park-like main campus is located in South Orange, New Jersey, only 14 miles west of New York City. The University is home to ten nationally recognized and accredited schools, including its Nationally-Ranked Law School located in Newark, New Jersey. Within these schools the professors of Seton Hall educate, shape, and develop approximately 6,000 undergraduate and 3,850 graduate students, who are enrolled in more than 90 rigorous majors. This has led to Seton Hall being nationally recognized for academic excellence by The Princeton Review, U.S. News & World Report, and Bloomberg Businessweek. Seton Hall remains a pioneer in Catholic education. In FY2016, Seton Hall University and Hackensack University Health Network (HUHN), formed the Seton Hall-Hackensack School of Medicine (SOM), a nonprofit New Jersey corporation. The University and HUHN each control fifty percent of the SOM, with each institution appointing fifty percent of the SOM's Board of Governors. In October 2015, the University and Hackensack University Medical Center (HUMC) formed Kingsland Street Urban Renewal, LLC ("Kingsland") for the purposes of leasing and renovating a location for the University's new Interprofessional Health Sciences ("IHS") campus, which will house a medical school, as well as the University's College of Nursing and School of Health and Medical Sciences. The University had a fifty percent membership interest in Kingsland. Kingsland is exempt from federal income taxes under Section 501(a) of the Internal Revenue Code as an organization described in section 501(c)(3). In January 2016, Seton Hall University and Hackensack University Health Network (HUHN), acting on behalf of HUMC, reached an agreement to form the Seton Hall - Hackensack School of Medicine (SOM), a nonprofit New Jersey corporation. HUHN became Hackensack Meridian Health, Inc. (HMH) after its merger with Meridian Health System, Inc. in July 2016. The University and HMH each controlled fifty percent of the SOM. The SOM is exempt from federal income taxes under Section 501(a) of the Internal Revenue Code as an organization described in section 501(c)(3). The University agreed to offer, under its existing accreditations and regulatory approvals, the SOM academic degree program (MD Program). The University received preliminary accreditation from the Liaison Committee on Medical Education (the LCME) to operate the MD program in February 2018. On March 19, 2018, the University and HMH reached an agreement for the transition of the MD Program and the full control of the SOM to HMH. Under this agreement, the University's membership interest in Kingsland was transferred to HMH and all costs associated with the Kingsland lease were assumed by HMH, with a sublease established with the University. In addition, the entire financial responsibility for the SOM was transferred to HMH effective July 1, 2018, although the University will continue to perform certain administrative functions for the SOM. The name of the MD Program was changed to the Hackensack Meridian School of Medicine at Seton Hall University. The University retains full control of academic matters associated with the MD Program until such time as the SOM earns independent accreditation as a standalone entity with the LCME and Middle States, and the appropriate actions have taken place related to all other applicable regulatory bodies. Once this occurs, control of the MD Program and the SOM will be transferred to HMH, and the University will no longer be the degree-granting institution. The MD Program will then be named the Hackensack Meridian School of Medicine (HMSOM). Under the Strategic Academic Partnership Agreement entered into between the University, HMH and the HMSOM, the University will remain a strategic academic partner of HMH and the HMSOM whereby the University and the HMSOM will have an integrated curriculum, 25% of the seats in each class of the MD Program will be reserved for University graduates who reside in New Jersey, provided they meet the standards of admission set by the HMSOM, and the University's CON and SHMS graduates will be given preference for clinical placements. The MD program commenced academic operations in July 2018 with the University being the degree-granting institution. Form 990, Part VI Part VI, Section A, Line 7A: The Board of Regents is responsible for the entire management of the affairs and concerns of the University. The Board of Regents is vested with the responsibility, power, and authority to govern the University and shall exercise the corporate powers of the University under Law. Board of Regent Emeriti do not have voting privileges. Part VI, Section A, line 7b: The Board of Trustees stand in the stead of the original incorporators of Seton Hall College and have the rights and powers reserved to it by the University's By-Laws. Those powers include the right to amend the University's organizing documents, to authorize the sale of any University property and, most importantly, to elect the Board of Regents. Part VI, Section B, line 11: The Board of Regents adopted a written policy charging the Audit Committee with the responsibility to conduct, on an annual basis, an appropriate review of the University's completed Form 990 and Form 990-T prior to filing with Internal Revenue Service. The Audit Committee is also charged with making an appropriate report and recommendation to the Board of Regents on their review. Following review by the Audit Committee, Forms 990 and 990-T are submitted to the entire Board of Regents for its review and approval for filing with the Internal Revenue Service. The Board of Regents shall contemporaneously document the meeting at which the Forms 990 and 990-T are reviewed and approved for filing. Part VI, Section B, Line 12c: The University's conflict of interest policy is posted on the University's web site. All new employees are made aware of the policy at the time of hire. For senior management, the University requires an annual disclosure of significant financial interests in, or employment or consulting relationships with, entities doing business with the University. These annual disclosures cover both senior management and their immediate family members. When such relationships exist, measures are taken to address the actual or perceived conflict to protect the best interests of the University. The policy requires, among other things, that no member of the Board of Regents or its Committees can participate in any decision in which he or she (or an immediate family member) has a material financial interest. Each Regent is required to certify compliance with the conflict of interest policy on an annual basis and indicate whether the University does business with an entity in which a Regent has a material financial interest. When such relationships exist, measures are taken to mitigate any actual or perceived conflict, including requiring that such transactions be conducted at arm's length, for good and sufficient consideration, based on terms that are fair and reasonable to and for the benefit of the University, and in accordance with relevant conflict of interest laws. The University is unaware of any such associations considered to be significant. Part VI, Section B, Line 15: Seton Hall University can ensure and demonstrate that our compensation actions do not inure to the benefit of a private individual. We can demonstrate that the compensation of all disqualified persons, such as officers, directors, and key employees, is considered reasonable and would ordinarily be paid for like services by like enterprises under like circumstances. The reasonableness of our compensation takes into account all benefits. Any compensation transactions for these individuals are approved by an authorized body of individuals who have no conflict of interest. Utilizing a compensation consultant, appropriate compensation data is relied upon for comparability and proof of fair market value, before making a decision. Compensation decisions and reports are contemporaneously documented in the minutes of the meeting of the Committee when the decisions are made. Part VI, Section C, Line 19: The University's By-Laws and its conflict of interest policy are posted on the University's website. Form 990, Part VII, Section A Mary J. Meehan, Ph.D. started as Interim President/Trustee/Regent on April 11, 2017. Gabriel Esteban, Ph.D. - Former President/Trustee/Regent was President/Trustee/Regent up until April 10, 2017. Karen E. Boroff, Ph.D. started as Interim Provost on January 1, 2017. Larry A. Robinson, Ed.D. - Former Provost was Provost up until December 31, 2016. Became Special Academic Advisor to the President for Medical Education on January 1, 2017. Form 990, Part XI, Line 9 Less the provision for uncollectible contributions receivable of $435,000, plus the change in value of split-interest agreements of $202,000, less Equity Method Investments FY18 write-down of $9,948,000. Roman Catholic Archdiocese of Newark 171 Clifton Avenue Newark NJ 07104 221487308 See Part VII NJ 501(c)(3) 1 false false false false false false false false false false false false true false false true false false false Part II : Identification of Related Tax-Exempt Org.Primary Activity Primary activity of Roman Catholic Archdiocese of Newark - oversees the Catholic church in certain counties of New Jersey.