2019-05-14T11:46:53-05:00 2018-06-30 KPMG LLP 345 PARK AVENUE NEW YORK NY 101540102 990 2017-07-01 210634981 GEORGIAN COURT UNIVERSITY % JAMES TRUSDELL GEOR 7329872200 900 LAKEWOOD AVENUE LAKEWOOD NJ 08701 JAMES TRUSDELL VP FINAN. &ADMIN/CFO 7329872416 2019-05-10 true PHILLIP E GROFF P01247783 2127589700 2019-05-10 167.68.102.5 54028020191345000007 2019-05-14 P 2F92A610FD34E4CB13E1392F7D36F1F18DC6BB2E F7E791049FCEE4943A341CCA4F642AE72B60D2A0 2017 2019-02-21 02:37:17Z JAMES TRUSDELL 900 LAKEWOOD AVENUE LAKEWOOD NJ 08701 86287890 false X WWW.GEORGIAN.EDU X 1908 NJ GEORGIAN COURT OFFERS A COMPREHENSIVE LIBERAL ARTS EDUCATION IN THE ROMAN CATHOLIC TRADITION. FOR MORE INFORMATION SEE SCHEDULE O. 33 32 966 150 302290 -231127 2723124 2607907 58242567 57729596 2569663 5470869 627763 338466 64163117 66146838 19398012 19598415 0 0 25803073 26150598 15000 12669 2029331 20011736 20628964 65227821 66390646 -1064704 -243808 129974967 134145051 32505229 38221831 97469738 95923220 X GEORGIAN COURT UNIVERSITY (GCU), PROVIDES A COMPREHENSIVE LIBERAL ARTS EDUCATION AND IS OPEN TO STUDENTS OF ALL FAITHS, DELIVERS A CURRICULUM THAT PROMOTES SCHOLARSHIP, SERVICE, LEADERSHIP, AND PERSONAL DEVELOPMENT. FOR MORE INFORMATION SEE SCHEDULE O. false false 37551686 19598415 57781057 INSTRUCTIONAL DEGREE PROGRAM - FOR MORE INFORMATION SEE SCHEDULE O 7545549 STUDENT SERVICE SUPPORT - OTHER EXPENDITURES TO SUPPORT THE OPERATION OF OFFICES DEDICATED TO STUDENT SERVICE ACTIVITIES. 3379649 STUDENT ATHLETES & PROGRAMS - FOR MORE INFORMATION SEE SCHEDULE 0 48476884 true true false true false false false false false true true true false false true true true false true false true false true true true false false false true true true false false false false false false false false true false false false false false false true true true false false true 147 0 true 966 true true true false false false false true true false false false false X 33 32 false false false false false true true true true true false true true true true true true true true false AK CO KY MD MA MI NV NH NY OH OK OR PA TN WA X JAMES TRUSDELL 7329872218 900 LAKEWOOD AVENUE LAKEWOOD NJ 08701 Robert E Mulcahy III BOARD CHAIR (AS OF 7/1/17) 1.0 0.0 X 0 0 0 Judith M Persichilli RN BSN BOARD VICE CHAIR(AS OF 7/1/17) 1.0 0.0 X 0 0 0 Nina Anuario INDIVIDUAL TRUSTEE 1.0 0.0 X 0 0 0 Michele Teresa Aronica RSM TRUSTEE (AS OF 7/1/17) 1.0 0.0 X 0 0 0 Tessa M Breslin INDIVIDUAL TRUSTEE 1.0 0.0 X 0 0 0 Senator Jeffrey S Chiesa INDIVIDUAL TRUSTEE 1.0 0.0 X 0 0 0 Francis G Coleman INDIVIDUAL TRUSTEE 1.0 0.0 X 0 0 0 James H Dickerson Jr INDIVIDUAL TRUSTEE 1.0 0.0 X 0 0 0 Madeline Farraro TRUSTEE (AS OF 7/1/17) 1.0 0.0 X 0 0 0 Msgr R Vincent Gartland TRUSTEE (AS OF 7/1/17) 1.0 0.0 X 0 0 0 Patricia Smith Heanue INDIVIDUAL TRUSTEE 1.0 0.0 X 0 0 0 Kathleen Hickey TRUSTEE (AS OF 7/1/17) 1.0 0.0 X 0 0 0 Patricia E Koch Esq TRUSTEE EMERITA 1.0 0.0 X 0 0 0 David Kountz MD TRUSTEE (AS OF 7/1/17) 1.0 0.0 X 0 0 0 Fiah Kwesseu INDIVIDUAL TRUSTEE 1.0 0.0 X 0 0 0 Monsignor Casimir H Ladzinski INDIVIDUAL TRUSTEE 1.0 0.0 X 0 0 0 Michael J Laferrera INDIVIDUAL TRUSTEE 1.0 0.0 X 0 0 0 Mary K E Maples Esq TRUSTEE (AS OF 7/1/17) 1.0 0.0 X 0 0 0 Kerry Anne McGeary PhD INDIVIDUAL TRUSTEE 1.0 0.0 X 0 0 0 Amelia A McTamaney INDIVIDUAL TRUSTEE 1.0 0.0 X 0 0 0 Elizabeth Healey Mulvihill INDIVIDUAL TRUSTEE 1.0 0.0 X 0 0 0 Edward M Nadworny Jr TRUSTEE (RESIGNED 5/3/18) 1.0 0.0 X 0 0 0 Linda M Orlando INDIVIDUAL TRUSTEE 1.0 0.0 X 0 0 0 Mark N Ricca INDIVIDUAL TRUSTEE 1.0 0.0 X 0 0 0 Megan E Mulcahy Romano INDIVIDUAL TRUSTEE 1.0 0.0 X 0 0 0 John W Seazholtz INDIVIDUAL TRUSTEE 1.0 0.0 X 0 0 0 Judge Eugene D Serpentelli INDIVIDUAL TRUSTEE 1.0 0.0 X 0 0 0 Edward Smith TRUSTEE (AS OF 7/1/17) 1.0 0.0 X 0 0 0 Thomas J Sykes AIA PP INDIVIDUAL TRUSTEE 1.0 0.0 X 0 0 0 Patricia A Talone RSM PhD INDIVIDUAL TRUSTEE 1.0 0.0 X 0 0 0 Julia A Upton RSM PhD INDIVIDUAL TRUSTEE 1.0 0.0 X 0 0 0 Regina M Ward RSM INDIVIDUAL TRUSTEE 1.0 0.0 X 0 0 0 M Deborah Hanley Williams INDIVIDUAL TRUSTEE 1.0 0.0 X 0 0 0 Joseph R MARBACH PRESIDENT 35.0 0.0 X X 328673 0 37431 DELE OLADAPO TRUSTEE(RESIGNED 2/22/18) 1.0 0.0 X 0 0 0 Brian Agnew Vice President for Institution 35.0 0.0 X 225146 0 11103 John Sommer Vice President for Finance&Adm 35.0 0.0 X 190990 0 12622 William John Behre Provost 35.0 0.0 X 180690 0 32312 Evelyn Saul Quinn VP for institutional advncmnt 35.0 0.0 X 131239 0 16489 Meghan Rehbein Acting Vice President for Inst 35.0 0.0 X 79922 0 681 Justin Roy Dean of Admissions 35.0 0.0 X 141991 0 23812 Lynn DeCapua Dean, School of Education 35.0 0.0 X 129766 0 15955 Steven George Carol Chief Information Officer 35.0 0.0 X 117740 0 15283 Janice Warner Dean, School of Business & Dig 35.0 0.0 X 108746 0 27623 Mary Chinery Dean, School of Arts and Scien 35.0 0.0 X 113450 0 15151 1748353 0 208462 25 false true false ELLUCIAN COMPANY LP 4 COUNTRY VIEW ROAD MALVERN PA 19355 MANAGEMENT SERVICES 763271 RUFFALO NOEL LEVITZ 1025 KIRKWOOD PARKWAY SW CEDAR RAPIDS IA 52404 CONSULTANT 317804 WADE RAY 3827 ROUTE 1 SOUTH MONMOUTH JUNCTION NJ 08852 CONTRACTOR 270740 FHEG 3146 SOLUTIONS CENTER CHICAGO IL 60677 BOOKSTORE 153354 MATTHEWS PLUMBING HEATING PO BOX 723 POINT PLEASANT NJ 08742 CONTRACTOR 108550 6 107325 1448676 1051906 2607907 TUITION & FEES 900099 53420555 53420555 RESIDENCE HALLS AND DINING SERVICES 900099 4256183 4256183 BOOKSTORE COMMISSION 900099 52858 52858 57729596 2976419 14507 2961912 0 0 140225 10269 140225 10269 150494 150494 22591694 20097244 2494450 2494450 2494450 37680 107325 41133 -3453 -3453 5350 2675 2675 2675 0 0 0 OTHER STUDENT ACTIVITIES/MISC 900099 244251 244251 CATERING 900099 137289 137289 BOND LOSS REFINANCING 900099 -218290 -218290 25500 25500 188750 66146838 57781057 302290 5455584 0 18484907 18484907 1113508 1113508 0 1226926 237163 748232 241531 56487 56487 19581032 15600685 3221471 758876 821687 592427 190874 38386 2833052 1804377 940529 88146 1631414 1239437 313527 78450 62000 62000 100869 100869 127474 127474 20627 20627 12669 12669 263223 263223 363001 37200 176862 148939 1148044 659074 480769 8201 932749 723243 158046 51460 2382434 1653268 658007 71159 0 1423027 225524 1197503 373890 323910 26669 23311 0 145797 106526 31812 7459 1524171 1524171 0 3493652 3461336 32316 1210114 94209 1115905 Dining Hall 1714420 1714420 STUDENT PROG & SVCS 1866938 1850727 5914 10297 Professional Services 726069 726069 Equip Repairs Maintenance 850694 207537 641033 2124 1899771 964186 479578 456007 66390646 48476884 15884431 2029331 0 0 2289007 2428543 912513 976386 2230139 1851110 0 0 0 0 7635 0 0 0 157005 188094 117412611 52460576 67594596 64952035 45181247 47363931 11071277 15652525 0 0 0 0 531548 732427 129974967 134145051 4523047 5358785 53803 0 522703 82286 25637095 18345206 0 0 0 0 502242 330601 0 0 1266339 14104953 32505229 38221831 X 72485810 69835557 10937362 11703215 14046566 14384448 97469738 95923220 129974967 134145051 X -243808 -1295961 -6749 X false true X true true true X false true false false false false true 1958 false true 19350 21308 false SCHEDULE C, PART II-B, LINE 1 THE UNIVERSITY ENGAGED MWW PUBLIC AFFAIRS TO UNDERTAKE LOBBYING AND GRANT-WRITING ASSISTANCE ON ITS BEHALF. THE TOTAL FEES PURSUANT TO THIS CONTRACT FOR THE YEAR ENDED JUNE 30, 2018 WERE $25,339. THE FIRM EXPENDED 50% OF EFFORT ON LOBBYING AND 50% ON GRANT-WRITING ASSISTANCE. IN ADDITION, THE UNIVERSITY SECURED THE SERVICES OF KOMJATHY STEW ($6,000) FOR STATE LOBBYING ACTIVITIES. UNIVERSITY PERSONNEL AND STUDENTS, DURING THE COURSE OF VARIOUS ACTIVITIES THROUGHOUT THE YEAR, MEET WITH LEGISLATORS TO DISCUSS EDUCATION RELATED TOPICS. THE AMOUNT OF TIME SPENT IS NOT MATERIAL BUT THE AMOUNT OF TIME EXPENDED IS INCLUDED IN THE LOBBYING CALCULATIONS. LINE 1G THE UNIVERSITY PAID MEMBERSHIP DUES TO MEMBER ORGANIZATIONS WHO MAY ENGAGE IN LOBBYING ACTIVITIES. THEREFORE, A PORTION OF THE DUES MAY BE ATTRIBUTABLE TO LOBBYING ACTIVITIES. THE UNIVERSITY'S PORTION OF DUES ATTRIBUTABLE TO LOBBYING TOTALED $1,958. THIS DOES NOT CONSTITUTE A SUBSTANTIAL PORTION OF THE UNIVERSITY'S ACTIVITY. 55952983 313705 3914544 1935560 58245672 51841878 238022 5951039 2077956 55952983 53293111 323818 224246 1999297 51841878 52512250 765004 2003320 1987463 53293111 47208069 313523 6729435 1738777 52512250 0.58340 0.16960 0.24700 false true true 0 4457947 4457947 0 89902287 32303924 57598363 0 2001826 1930911 70915 0 19410497 16879481 2531016 0 1640054 1346260 293794 64952035 INVESTMENTS HELD BY TRUSTEES 7766421 F PRIVATE EQUITY FUND 2322173 F STRUCTURED CREDIT FUND 1679619 F SPECIAL SITUATION FUND 1798262 F CORE PROPERTIES FUNDS 2086050 F 15652525 0 OTHER LIABILITIES 201711 CONDITIONAL ASSET RETIREMENT OBLIG 997437 ANNUITY PAYMENT LIABILITY 64897 TAXABLE BOND SERIES 2017H 12840908 14104953 X 44982491 -1295961 -6748 -1302709 46285200 263223 19598415 19861638 66146838 46529009 46529009 263223 19598414 19861637 66390646 ENDOWMENT FUNDS FORM 990, SCHEDULE D, PART V, LINE 4 THE UNIVERSITY HAS ADOPTED AN INVESTMENT POLICY THAT IS INTENDED TO PROVIDE A PREDICTABLE STREAM OF FUNDING TO PROGRAMS FROM ITS ENDOWMENT WHILE SEEKING TO MAINTAIN THE PURCHASING POWER OF THE ENDOWMENT ASSETS. ENDOWMENT ASSETS INCLUDE THOSE ASSETS OF DONOR-RESTRICTED FUNDS THAT THE UNIVERSITY MUST HOLD IN PERPETUITY AS WELL AS BOARD-DESIGNATED FUNDS. 1. DONOR-RESTRICTED ENDOWMENT FUNDS ARE ESTABLISHED BY DONOR-RESTRICTED GIFTS AND RECORDED AS PERMANENTLY RESTRICTED WITHIN THE UNIVERSITY FINANCIAL STATEMENTS. THE AMOUNT OF EACH INDIVIDUAL FUND IS COMPRISED OF THE ORIGINAL GIFT, SUBSEQUENT GIFTS IF THEY WERE TO BE ADDED TO THE PERMANENT ENDOWMENT AND ACCUMULATIONS IF DIRECTED BY THE DONOR'S GIFT DOCUMENTS. THESE FUNDS MUST BE RETAINED IN ACCORDANCE WITH THE EXPLICIT DONOR STIPULATIONS. 2. EARNINGS ON THESE ENDOWED FUNDS ARE REGARDED AS NET APPRECIATION AND CLASSIFIED AS TEMPORARILY RESTRICTED NET ASSETS. THESE AMOUNTS ARE APPROPRIATED FOR EXPENDITURE CONSISTENT WITH THE DONOR GUIDELINES. DONOR FUNDED SCHOLARSHIPS ARE AWARDED ANNUALLY, IN ACCORDANCE WITH DONOR STIPULATED GUIDELINES AND ARE A COMPONENT OF THE UNIVERSITY'S FINANCIAL AID BUDGET. 3. BOARD DESIGNATED FUNDS, QUASI-ENDOWMENT, FUNCTIONING AS ENDOWMENTS ARE MADE UP OF A DEBT FUND, INTENDED TO OFFSET FUTURE DEBT BORROWINGS; A PLANT FUND, INTENDED TO SUPPLEMENT OPERATIONAL EXPENSES RELATED TO FACILITIES' NEEDS SUCH AS DEFERRED MAINTENANCE OR CAPITAL ITEMS; AND A SPECIAL PROJECTS FUND WITH THE ABILITY TO REACT TO THE CHANGING NEEDS AND DEMANDS OF THE HIGHER EDUCATION ENVIRONMENT. INCOME TAXES FORM 990, SCHEDULE D, PART X, LINE 2 THE UNIVERSITY IS CLASSIFIED AS A 501(C)(3) ORGANIZATION AND IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(A) OF THE INTERNAL REVENUE CODE AND A SIMILAR PROVISION OF THE NEW JERSEY STATE INCOME TAX LAW. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN REFLECTED IN THE ACCOMPANYING FINANCIAL STATEMENTS. THERE ARE CERTAIN TRANSACTIONS THAT COULD BE DEEMED UNRELATED BUSINESS INCOME AND WOULD RESULT IN A TAX LIABILITY. MANAGEMENT REVIEWS TRANSACTIONS TO ESTIMATE POTENTIAL TAX LIABILITIES USING A THRESHOLD OF MORE LIKELY THAN NOT. IT IS MANAGEMENT'S ESTIMATION THAT THERE ARE NO MATERIAL TAX LIABILITIES THAT NEED TO BE RECORDED AT JUNE 30, 2018 AND 2017. RECONCILIATION OF REVENUE FORM 990, SCHEDULE D, PART XI, LINE 2D SCHOLARSHIP EXPENSE (RECLASS) SPLIT INTEREST AGREEMENTS/LIFE INS SURRENDER VALUE $6,748 FORM 990, SCHEDULE D, PART XI, LINE 4B SCHOLARSHIP EXPENSE(RECLASS) $19,958,414 RECONCILIATION OF EXPENSES FORM 990 FORM 990 , SCHEDULE D, PART XII, LINE 4B SCHOLARSHIP EXPENSE (RECLASS) $19,958,414 true true true true true true true false false false false false false false false true false true NONDISCRIMINATION POLICY FORM 990, SCHEDULE E, PART I, LINE 3 THE UNIVERSITY'S NOTICE OF NONDISCRIMINATION POLICY IS PRINTED ON ALL BROCHURES, WEB PAGES, AND PUBLICATIONS THAT ADVERTISE GCU PROGRAMS AND ADMISSIONS STANDARDS. FINANCIAL AID OR ASSISTANCE FROM A GOVERNMENTAL AGENCY FORM 990, SCHEDULE E, PART I, LINE 6A U.S. DEPARTMENT OF EDUCATION: STUDENT FINANCIAL ASSISTANCE CLUSTER - FEDERAL PELL GRANT PROGRAM FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANT FEDERAL WORK STUDY PROGRAM FEDERAL DIRECT STUDENT LOANS TEACHER EDUCATION ASSISTANCE FOR COLLEGE AND HIGHER EDUCATION GRANTS (TEACH GRANTS) FEDERAL PERKINS LOAN PROGRAM OTHER U.S. DEPARTMENT OF EDUCATION AID - TRIO STUDENT SUPPORT SERVICES TITLE III CHART THE COURSE TO GRADUATION US DEPARTMENT OF THE INTERIOR: SUBSURFACE GRAVEL WETLANDS RUTGERS - COMPARING STORMWATER BASIN DESIGNS RUTGERS - STEM BRIDGING PROGRAM US DEPARTMENT OF JUSTICE: OFFICE ON VIOLENCE AGAINST WOMEN EMPOWER SEXUAL ASSAULT AWARENESS AND PREVENTION PROGRAM NEW JERSEY DEPARTMENT OF EDUCATION: STUDENT FINANCIAL AID CLUSTER - TUITION AID GRANT GEAR UP GRANT NJ STARS PROGRAM URBAN SCHOLARSHIP PROGRAM OTHER NJ DEPARTMENT OF EDUCATION ASSISTANCE - EDUCATION OPPORTUNITY FUND-GRANT EDUCATION OPPORTUNITY FUND-ARTICLE IV EDUCATION OPPORTUNITY FUND-SUMMER NEW JERSEY DEPARTMENT OF HEALTH AND HUMAN SERVICES: VOCATIONAL REHABILITATION DIRECT SERVICES NEW JERSEY COMMISSION FOR THE BLIND NEW JERSEY DEPARTMENT OF TREASURY AID TO INDEPENDENT COLLEGES & UNIVERSITIES NON-CASH AWARDS: NJEFA-DORMITORY SAFETY TRUST FUND, SERIES 2003A - INTEREST SUBSIDY NJEFA - CONSTRUCTION IMPROVEMENT FUND SERIES 2016B true Central America and the Caribbean Grantmaking 12000 East Asia and the Pacific Grantmaking 131703 Europe (Including Iceland and Greenland) Grantmaking 649458 North America Grantmaking 157834 South America Grantmaking 39500 Sub-Saharan Africa Grantmaking 123013 1113508 1113508 Grantmaking Central America and the Caribbean 1 12000 CREDIT ACCT Grantmaking East Asia and the Pacific 4 131703 CREDIT ACCT Grantmaking Europe (Including Iceland and Greenland) 17 649458 CREDIT ACCT Grantmaking North America 5 157834 CREDIT ACCT Grantmaking South America 2 39500 CREDIT ACCT Grantmaking Sub-Saharan Africa 3 123013 CREDIT ACCT true false true true true false SCHEDULE F, PART I, LINE 2 THE UNIVERSITY GRANTS LISTED ON SCHEDULE F REPRESENT INSTITUTIONAL AID PROVIDED TO STUDENTS WHO MATRICULATE AT THE UNIVERSITY. THE AID PROVIDED TO THE STUDENTS IS APPLIED BY THE UNIVERSITY DIRECTLY TO THE STUDENTS' ACCOUNT. AS SUCH, NO MONITORING OF THE GRANT FUNDS ARE REQUIRED BECAUSE THE STUDENT MAY ONLY USE THE SCHOLARSHIP FUNDS TO DEFRAY THE COST OF TUITION. X X X X X X X true MWW GROUP LLC ONE MEADOWLANDS PLAZA EAST RUTHERFORD NJ 07073 GRANT ASSISTANCE false 12670 -12670 12670 -12670 AL AK AR CA CO CT DC FL GA HI IL KS KY ME MA MI MN MO NV NH NJ NM NY NC ND OH OK OR PA RI SC TN UT VA WA WV WI GOLF OUTING 145005 107325 37680 41133 0 145005 107325 37680 41133 41133 -3453 NJ 900 LAKEWOOD AVENUE LAKEWOOD NJ 08701 SCHEDULE G, PART I, COLUMN (IV) GROSS RECEIPTS FROM ACTIVITY: MWW GROUP, LLC PROVIDES LIMITED SUPPORT FOR GRANT WRITING AND EDITING. NO RELATED GRANT FUNDS WERE RECEIVED DURING FY18. true Institutional Grant Aid 2285 10971903 Transfer Scholarship 521 4668508 Athletics 146 1358413 Endowed 361 991233 Nursing Scholarship 28 290886 Religious Grants & Discounts 70 203964 MONITORING OF FUNDS Part I Line 2 THE UNIVERSITY GRANTS LISTED ON SCHEDULE I REPRESENT SCHOLARSHIPS OFFERED TO STUDENTS WHO MATRICULATE AT THE UNIVERSITY. AS SUCH, NO MONITORING OF THE GRANT FUNDS ARE REQUIRED BECAUSE THE STUDENT MAY ONLY USE THE SCHOLARSHIP FUNDS TO DEFRAY THE COST OF TUITION. X X X X X true false false false false false false true false Joseph R MARBACH PRESIDENT 315343 13330 18600 0 18831 0 366104 0 Brian Agnew Vice President for Institution 225146 9972 0 1131 0 236249 0 John Sommer Vice President for Finance&Adm 190990 0 11470 0 1152 0 203612 0 William John Behre Provost 180690 0 11364 0 20948 0 213002 0 Justin Roy Dean of Admissions 141991 8948 0 14864 0 165803 0 NONFIXED PAYMENTS FORM 990, SCHEDULE J, PART I LINE 7 PRESIDENT RECEIVED ADDITIONAL COMPENSATION IN THE FORM OF VARIABLE PAY BASED UPON THE ACHIEVEMENT OF DEFINED GOALS AND OBJECTIVES AS REVIEWED AND APPROVED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES. A new jersey EDUCATIONAL FAC AUTH 2017G 221829511 6460664A5 2017-12-21 14385915 REFUND SERIES 2007 & CONSTRUCTION false false false B NEW JERSEY EDUCATIONAL FAC AUTH 2014D 221829511 646066DG2 2014-04-29 19369367 REFUND 2004 ISSUE AND CONSTRUCTION false false true C NEW JERSEY EDUCATIONAL FAC AUTH 2016A 221829511 000000000 2016-07-26 20805115 REFUND SERIES 2005 & 2006 false false false D NEW JERSEY EDUCATIONAL FAC AUTH 2016B 221829511 646066F54 2016-12-20 30676062 FINANCE CAPITAL IMPROVEMENTS false false true A 45000 0 14383915 0 0 0 191599 0 0 5026650 9165666 0 true true true true B 717215 0 944442 0 0 0 5526 0 0 751266 187650 0 2014 false true true true C 443874 0 802948 0 0 0 1869 0 0 0 801079 0 true false true true D 300894 0 572736 0 0 0 4603 0 0 264604 0 303529 false false false A false false true true false 0 false false false true B false false false false 0 false false false true C false false false false 0 false false false true D false false false 0 false false false true A false true false false 0 false 0 false true B false true false false 0 false 0 false true C false true false false 0 false 0 false true D false true false false 0 false 0 false true A true B true C true D true SCHEDULE K BOND A - NEW JERSEY EDUCATIONAL FACILITIES AUTHORITY, PROJECT REVENUE BONDS, 2017 SERIES PROEJCT G. PART III, LINE 3A: ALL CONTRACTS FALL UNDER REV. PROC. 97-13 OR ARE INCIDENTAL IN NATURE AND DO NOT CONSTITUTE PRIVATE BUSINESS USE. BOND B - NEW JERSEY EDUCATIONAL FACILITIES AUTHORITY, HIGHER EDUCATION CAPITAL IMPROVEMENT FUND, SERIES 2014 D: PART II, LINE 3: BOND B 2014D IS A POOLED FINANCING BOND. THE PORTION REPORTED ON SCHEDULE K PART II IS REFLECTIVE OF ONLY GEORGIAN COURT UNIVERSITY'S PORTION. PART IV, LINE 2C: BOND B 2014D THE LAST COMPUTATION WAS DONE 07/06/2015. BOND C - NEW JERSEY EDUCATION FACILITIES AUTHORITY, HIGHER EDUCATION CAPITAL IMPROVEMENT FUND, SERIES 2016 A: PART II, LINE 3: BOND C 2016A IS A POOLED FINANCING BOND. THE PORTION REPORTED ON SCHEDULE K PART II IS REFLECTIVE OF ONLY GEORGIAN COURT UNIVERSITY'S PORTION. BOND D - NEW JERSEY EDUCATION FACILITIES AUHTORITY, HIGHER EDUCATION CAPITAL IMPROVEMENT FUND, SERIES 2016 B: PART II, LINE 3: BOND D 2016B IS A POOLED FINANCING BOND. THE PORTION REPORTED ON SCHEDULE K PART II IS REFLECTIVE OF ONLY GEORGIAN COURT UNIVERSITY'S PORTION. ERIN QUINN CRITCHETT BONCZEK SEE PART V 56487 EMPLOYEE COMPENSATION false FORM 990, PART IV ERIN QUINN CRITCHETT BONCZEK IS EMPLOYED BY THE UNIVERSITY AND A FAMILY MEMBER OF EVELYN SAUL QUINN, VP FOR MISSION INTEGRATION. FORM 990, PART I, LINE 1 Georgian Court offers a comprehensive liberal arts education in the Roman Catholic tradition, with a special concern for women, and is committed to its core values of justice, respect, integrity, service, and compassion. FORM 990. PART III, 4A INSTRUCTIONAL DEGREE PROGRAM IN 2017-18, GEORGIAN COURT UNIVERSITY ENROLLED NEARLY 2,400 STUDENTS IN 33 UNDERGRADUATE AND more than 10 DISTINCTIVE GRADUATE PROGRAMS THROUGH THE SCHOOL OF BUSINESS AND DIGITAL COMMUNICATION, THE SCHOOL OF EDUCATION, AND THE SCHOOL OF ARTS AND SCIENCES. THE UNIVERSITYS FASTEST-GROWING AND MOST COMPETITIVE DEGREE PROGRAM, THE BACHELOR OF SCIENCE IN NURSING (BSN), IS TAUGHT IN THE GCU-HACKENSACK MERIDIAN HEALTH SCHOOL OF NURSING, AND BENEFITS FROM ITS PARTNERSHIP WITH HACKENSACK MERIDIAN HEALTH, ONE OF THE LARGEST HEALTHCARE NETWORKS IN NEW JERSEY. IN ADDITION TO LAUNCHING NEW UNDERGRADUATE DEGREES IN HEALTH SCIENCE AND HEALTH PROFESSIONS, THE UNIVERSITY CONTINUES TO OFFER A VARIETY OF ATTRACTIVE ONLINE PROGRAMS AND SPECIALTY CERTIFICATES IN SUCH FIELDS AS HOLISTIC HEALTH, MERCY SPIRITUALITY AND EDUCATIONAL LEADERSHIP. GEORGIAN COURT, LOCATED IN HISTORIC LAKEWOOD, NEW JERSEY, IS THE ONLY CATHOLIC INSTITUTION OF HIGHER EDUCATION SERVING RESIDENTS THROUGHOUT CENTRAL AND SOUTHERN NEW JERSEY. THE UNIVERSITY HAS HISTORIC ROOTS AS A WOMEN'S COLLEGE, AND SERVED MEN IN EVENING AND GRADUATE COURSES, USUALLY PART-TIME, UNTIL SEPTEMBER 2012. GCU BECAME FULLY COEDUCATIONAL IN SEPTEMBER 2013 WITH THE ADDITION OF MEN IN CAMPUS RESIDENCE HALLS AND THE LAUNCH OF MENS ATHLETICS. BY THE 2017-18 ACADEMIC YEAR, GCUS UNDERGRADUATE POPULATION WAS 71% FEMALE AND 29% MALE WITH MEN PARTICIPATING IN SPORTS, STUDENT GOVERNMENT, CAMPUS MINISTRY, CAMPUS LEADERSHIP, AND RESIDENCE LIFE. GCU PROVIDES ALL STUDENTS WITH A VALUES-BASED LIBERAL ARTS EDUCATION THAT (1) ENHANCES THEIR MARKETABILITY AFTER GRADUATION; (2) EMPHASIZES PURPOSEFUL LEADERSHIP; AND (3) PREPARES THEM TO MAKE MEANINGFUL CONTRIBUTIONS IN THEIR CAREERS, IN COMMUNITIES AND IN THE LIVES OF OTHERS. GEORGIAN COURT UNIVERSITY EXCELS AT DELIVERING A CURRICULUM THAT IS DESIGNED TO ENGAGE STUDENTS AND ALLOW FOR PERSONAL AND PROFESSIONAL EXPLORATION IN THEIR COURSEWORK. FOR EXAMPLE, GCU'S 13:1 STUDENT-FACULTY RATIO ALLOWS STUDENTS TO LEARN IN SMALL CLASSES AND ENABLE STUDENTS TO SUCCEED BEYOND ACADEMICS BECAUSE OF HIGH IMPACT LEARNING PRACTICES. IN THE UNIVERSITYS 2017 REPORT FROM THE NATIONAL SURVEY OF STUDENT ENGAGEMENT, 83% OF GRADUATING SENIORS REPORTED SIGNIFICANT GAINS IN CRITICAL AND ANALYTICAL THINKING, AND 75% OF SENIORS SAID THEY GREW WITH IN THE AREAS OF WORKING WITH OTHERS OR DEVELOPING A PERSONAL CODE OF VALUES AND ETHICS. NEWER STUDENTS WHO WERE IN THEIR FIRST YEAR AT GCU WERE HEAVILY INVOLVED WITH SERVICE LEARNING; 87% COMPLETED A SERVICE LEARNING ACTIVITY AND MANY RATED PORTIONS OF THEIR EXPERIENCE ABOVE THEIR CATHOLIC COLLEGE AND UNIVERSITY PEERS. AMONG FIRST-YEAR STUDENTS, THOSE HIGHLY RATED AREAS INCLUDED TALKING ABOUT CAREER PLANS WITH FACULTY, EVALUATING OTHER POINTS OF VIEW, AND GAINING ASSISTANCE IN MANAGING THEIR NON-ACADEMIC RESPONSIBILITIES. GCUS LEARNING ENVIRONMENT, ITS APPROACHABLE FACULTY AND EXTENSIVE RANGE OF PROGRAMS AIMED AND ENSURING STUDENT SUCCESS ARE ESPECIALLY HELPFUL FOR ADULT LEARNERS (AGES 25 OR OLDER), WHO OF COMPRISE ABOUT 15% OF THE STUDENT POPULATION. SIMILARLY, THE GCU EXPERIENCE MEETS THE NEEDS OF FIRST-GENERATION COLLEGE STUDENTS; 43% OF ALL GCU STUDENTS IN 2017 WERE FIRST IN THEIR FAMILIES TO ATTEND COLLEGE. GCU STUDENTS ALSO TEND TO COME FROM MODEST FINANCIAL BACKGROUNDS, AS INDICATED BY THE 46% WHO WERE ELIGIBLE FOR FEDERAL PELL GRANTS. GEORGIAN COURT RECEIVED MANY ACCOLADES IN 2017-18, INCLUDING BEING AMONG THE TOP 50 COLLEGES NAMED BY WASHINGTON MONTHLY AS A 'BEST BANG FOR THE BUCK,BEING AMONG THE INSTITUTIONS RANKED BY U.S. NEWS & WORLD REPORT. THE UNIVERSITY ALSO MADE THE NATIONAL PHI THETA KAPPA HONOR ROLL IN RECOGNITION FITS SUCCESS WITH TRANSFER STUDENTS. OVERALL, GCU TRANSFER STUDENTS GRADUATED AT A HIGHER RATE THAN THEIR NATIONAL PEERS. THESE ACHIEVEMENTS POINT TO GCU AS A VALUES-BASED AND VALUE-ADDED INSTITUTION. THE UNIVERSITYS MISSION, ITS MIX OF ECONOMICALLY DIVERSE STUDENTS, AND ITS ONGOING COMMITMENT TO STUDENT SUPPORT WERE CITED AS GCU BECAME A 2018 COLLEGE OF DISTINCTION AND A CATHOLIC COLLEGE OF DISTINCTION. JUST AS THE UNIVERSITY CONTINUES TO GRADUATE HIGH-QUALITY, HIGH-PERFORMING ALUMNI, GCU IS ATTRACTING BETTER PREPARED STUDENTS. FOR EXAMPLE, IN FALL 2017, THE AVERAGE INCOMING FRESHMAN HAD A 3.37 GPA, UP FROM A 3.27 GPA IN 2016. GCUS GROWTH IS NOT LIMITED TO ITS HISTORIC LAKEWOOD CAMPUS. DURING 2017-18, GCU STRENGTHENED PARTNERSHIP AGREEMENTS WITH TEN CATHOLIC HIGH SCHOOLS, GIVING THEIR HIGHEST-PERFORMING STUDENTS THE BENEFIT OF GUARANTEED ADMISSIONS, ONE-ON-ONE COLLEGE ADVISING AND SPECIAL SCHOLARSHIP FUNDING. SIMILARLY, THE UNIVERSITYS AGREEMENTS WITH AREA COMMUNITY COLLEGES, INCLUDING CUMBERLAND COUNTY COLLEGE AND BROOKDALE COMMUNITY COLLEGE, SAW SUCCESS IN PROGRAMS SUCH AS SOCIAL WORK, EDUCATION AND BUSINESS. THE UNIVERSITYS GRADUATE PROGRAMS CONTINUED TO THRIVE AT VARIOUS LOCATIONS ACROSS SIX NEW JERSEY COUNTIES AS STUDENTS ENROLLED IN MASTERS DEGREE CLASSES TAUGHT OFFSITE AND ONLINE. FOR TRADITIONAL UNDERGRADUATES, FEDERAL PROGRAMS LIKE GCUS $1.4 MILLION TRIO-SSS GRANT FROM THE U.S. DEPARTMENT OF EDUCATION ARE AMONG THE MANY EXAMPLES OF WAYS GCU SUPPORTS ITS STUDENTS. TRIO-SSS, WHICH HAS BEEN ON GCUS CAMPUS FOR THREE DECADES, OFFERS ACADEMIC TUTORING, PERSONAL COUNSELING, MENTORING, FINANCIAL GUIDANCE, AND OTHER SERVICES, TO HELP UPWARD OF 160 STUDENTS EACH YEAR. THE 2017-18 YEAR ALSO MARKED YEAR 2 OF GCUS $2.1 MILLION GRANT TO SUPPORT CHART THE COURSE, AN INTENSIVE RETENTION EFFORT FOR ALL FIRST-YEAR STUDENTS WHO RISK NOT COMPLETING 30 CREDITS BY THE END OF THEIR FRESHMAN YEAR. OVERALL, THE UNIVERSITY FIRST-YEAR RETENTION RATE WAS SOLID, WITH 72% RETURNING FOR THEIR SOPHOMORE YEAR. ALSO, ANOTHER $150,000 IN FEDERAL FUNDING WAS SECURED TO ENHANCE ADVISING, FINANCIAL AID TRAINING AND SOPHOMORE-TO-JUNIOR YEAR RETENTION EFFORTS. THESE EFFORTS REFLECT THE UNIVERSITYS ONGOING COMMITMENT TO ACCESSIBILITY, AFFORDABILITY, ACCOUNTABILITY AND ITS CORE VALUES. SERVICE, ONE OF THOSE VALUES, IS EMBEDDED IN EXPERIENCES THROUGHOUT THE CURRICULUM AND STUDENT LIFE. THE 2017-18 YEAR BROUGHT REPEAT HONORS FROM THE NCAA TEAM WORKS HELPER COMPETITION. GCU ATHLETES TOOK THE TOP AWARD FOR THEIR WORK IN THE COMMUNITY, AS EVIDENCED BY THE 2,700 VOLUNTEER HOURS THEY INVESTED WITH AREA NON-PROFITS. SOME OF THE ORGANIZATIONS BENEFITING FROM GCU SERVICE PROJECTS INCLUDE UNIFIED SPORTS (FORMERLY SPECIAL OLYMPICS), MAKE-A-WISH FOUNDATION, NATIONAL GIRLS AND WOMEN IN SPORTS DAY, AND THE SOCIETY OF ST. VINCENT DE PAUL. ANOTHER STANDOUT SERVICE EXPERIENCE FOR STUDENT LEADERS WAS THE LAUNCH OF TEDDY BEARS FOR TYKES. INCOMING FRESHMEN AND NEW STUDENTS STUFFED TOY ANIMALS AND DONATED MORE THAN 250 ITEMS TO THE LAKEWOOD POLICE. OFFICERS USE THE TOYS TO DIFFUSE DOMESTIC ABUSE SITUATIONS WHERE YOUNG CHILDREN MAY BE PRESENT. GCUS OFFICE OF GLOBAL EDUCATION ALSO DELIVERED MEMORABLE EXPERIENTIAL OPPORTUNITIES AS WELL, WITH 54 GCU STUDENTS TRAVELING TO MORE THAN 15 COUNTRIES, INCLUDING NICARAGUA, ITALY, FRANCE, AND SPAIN. FOR EXAMPLE, STUDENTS IN THE NURSING PROGRAM VOLUNTEERED PART OF THE WINTER BREAK TO DELIVER BASIC HEALTH SERVICES AND SCREENINGS IN CENTRAL AMERICAN CLINICS AND COMMUNITY CENTERS. STUDENT NEED AT GCU IN 2017-18, ABOUT 97% OF FULL-TIME FIRST-YEAR STUDENTS RECEIVED FINANCIAL AID, WITH AN AVERAGE PACKAGE OF $29,579. OVERALL, 660 STUDENTS WERE AWARDED ABOUT $3.2 MILLION IN PELL GRANT FUNDING. IN ADDITION, THE GENEROSITY OF INDIVIDUALS AND FOUNDATION DONORS, COMBINED WITH GCUS CONSERVATIVE APPROACH TO STEWARDSHIP, ALLOWED THE UNIVERSITY TO PROVIDE MORE THAN $19 MILLION IN AID TO STUDENTS. FORM 990, PART III, 4C STUDENT ATHLETES & PROGRAMS AS A MEMBER OF THE CENTRAL ATHLETIC COLLEGIATE CONFERENCE, GCU HAD 249 ATHLETES PARTICIPATING IN NCAA DIVISION II SPORTS. MENS SOCCER CONTINUES TO REFLECT EXCEPTIONAL GROWTH, AND OTHER SPORTS ATTRACT SCHOLAR-ATHLETES IN BASKETBALL, CROSS COUNTRY, LACROSSE, SOCCER, SOFTBALL, VOLLEYBALL, TENNIS, AND BOTH INDOOR AND OUTDOOR TRACK & FIELD. FRESHMEN ATHLETES AT GCU COME TO COLLEGE WELL-PREPARED: THE AVERAGE GPA IN FALL 2017 WAS 3.08 FOR CONTINUING UNDERGRADUATES WHO ALSO PLAY SPORTS AND 3.47 FOR NEW ATHLETES. FORM 990, PART VI, SECTION A, LINE 7 IN APRIL 2006, THE SISTERS OF MERCY OF THE REGIONAL COMMUNITY OF NEW JERSEY TRANSFERRED THE SPONSORSHIP OF GEORGIAN COURT TO THE CONFERENCE FOR MERCY HIGHER EDUCATION (CMHE). CMHE COORDINATES COLLABORATION AMONG THE 16 MERCY COLLEGES AND UNIVERSITIES THROUGHOUT THE COUNTRY ON BEHALF OF THE INSTITUTE OF THE SISTERS OF MERCY OF THE AMERICAS. GEORGIAN COURT UNIVERSITY HAS A TWO-TIERED GOVERNANCE STRUCTURE, THE FIRST TIER CONSISTING OF CMHE (AS THE UNIVERSITY'S SOLE MEMBER) AND THE SECOND BEING THE DULY ELECTED BOARD OF TRUSTEES, WHICH INCLUDES THE PRESIDENT OF THE UNIVERSITY AS AN EX-OFFICIO MEMBER. CONTROL OF THE UNIVERSITY AND ITS AFFAIRS AND PROPERTY IS VESTED IN THE BOARD OF TRUSTEES PURSUANT TO THE UNIVERSITY'S BY-LAWS, SUBJECT TO THE POWERS RESERVED TO CMHE, INCLUDING AMONG OTHERS, THE POWER TO ESTABLISH THE PHILOSOPHY AND MISSION OF THE UNIVERSITY, ELECT OR REMOVE WITH OR WITHOUT CAUSE THE UNIVERSITY PRESIDENT AND MEMBERS OF THE BOARD OF TRUSTEES, APPROVE EXPENDITURES THAT ARE IN EXCESS OF A LEVEL REQUIRING APPROVAL OF THE HOLY SEE AND MERGE, CONSOLIDATE, DISSOLVE, OR CHANGE THE CORPORATE STRUCTURE OF THE UNIVERSITY. EXCEPT TO THE EXTENT RESERVED TO CMHE, THE BOARD OF TRUSTEES IS EMPOWERED TO MANAGE THE PROPERTY AND BUSINESS OF THE UNIVERSITY, INCLUDING WITHIN SUCH AUTHORITY, THE POWER TO DELEGATE SUCH RESPONSIBILITIES AND DUTIES TO THE OFFICERS OF GEORGIAN COURT UNIVERSITY AS THE BOARD OF TRUSTEES DEEMS APPROPRIATE. FORM 990, PART VI, SECTION B, LINE 11B THE UNIVERSITY'S FORM 990 WAS PREPARED BY AN INTERNATIONAL PUBLIC ACCOUNTING FIRM IN CONJUNCTION WITH THE UNIVERSITY'S FINANCIAL DEPARTMENT. A DRAFT IS PREPARED AND DISTRIBUTED TO THE FULL AUDIT COMMITTEE FOR REVIEW. THE AUDIT COMMITTEE RECOMMENDS AND APPROVES FOR RELEASE THE FORM 990. THE FORM 990 AS ULTIMATELY FILED WITH THE IRS IS DISTRIBUTED TO THE FULL BOARD. FORM 990, PART VI, SECTION B, LINE 12 EACH TRUSTEE, OFFICER, AND KEY EMPLOYEE OF THE UNIVERSITY IS REQUIRED TO ANNUALLY DISCLOSE ANY CONFLICTS OF INTEREST THAT ARISE BY VIRTUE OF THEIR EMPLOYMENT, BOARD SERVICE, FAMILY OR BUSINESS RELATIONSHIPS, OR POSITION WITH THE UNIVERSITY. THE UNIVERSITY MONITORS COMPLIANCE WITH ITS CONFLICT OF INTEREST POLICY THROUGH A CONFLICT OF INTEREST STATEMENT THAT IS COMPLETED BY EACH BOARD MEMBER AT THE ANNUAL JUNE MEETING. THESE ARE REVIEWED BY THE EXECUTIVE COMMITTEE OF THE BOARD. In addition to Board Members, Executive Level and Finance Staff, all those in positions identified by function to have possible influence with contract, financial transactions or systems within the University, complete the questionnaire annually. THESE ARE REVIEWED BY THE CHIEF FINANCIAL OFFICER AND DIRECTOR OF HUMAN RESOURCES. ANY DISCLOSED RELATIONSHIPS ARE COMMUNICATED TO THE CONTROLLER FOR THE PURPOSE OF AUDIT, INTERNAL CONTROLS AND COMPLETING THE FORM 990. POTENTIAL CONFLICTS ARE INVESTIGATED IMMEDIATELY. FORM 990, PART VI, SECTION B, LINE 15 THE UNIVERSITY UNDERTAKES A THOROUGH PROCESS TO ENSURE THAT THE EXECUTIVE COMPENSATION IT PAYS TO ITS TOP MANAGEMENT OFFICIAL AND ALL OF ITS OFFICERS AND KEY EMPLOYEES OF ORGANIZATION IS REASONABLE GIVEN THE MARKET IN WHICH THE UNIVERSITY OPERATES. CEO COMPENSATION: THE EXECUTIVE COMMITTEE OF THE BOARD, REVIEWS THE COMPENSATION PACKAGE OF THE PRESIDENT ANNUALLY AT ITS JUNE MEETING. COMPENSATION LEVEL IS DECIDED UPON UTILIZING COMPARATIVE DATA RECEIVED FROM THE HUMAN RESOURCE DEPARTMENT. OFFICER POSITIONS ARE ASSIGNED A SALARY RANGE ESTABLISHED BY A COMPENSATION STUDY DONE BY AN OUTSIDE FIRM AND THE EXECUTIVE COMMITTEE OF THE BOARD ALSO REVIEWS THE COMPENSATION FOR THESE EMPLOYEES WHO ARE CONSIDERED HIGHEST-PAID EMPLOYEES. THE OFFICERS RESIDE ON THE PRESIDENT'S ADMINISTRATIVE TEAM, CATEGORIZED AS THE EXECUTIVE LEVEL OF THE UNIVERSITY. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FINANCIAL STATEMENTS ARE LISTED WITH BOND REPORTING AGENCIES. FORM 990, PART VII THE SISTERS OF MERCY FULFILL VARIOUS ROLES WITHIN THE UNIVERSITY. SOME POSITIONS, WHICH WOULD OTHERWISE BE FILLED WITH LAY PERSONS, ARE ASSIGNED A VALUE FOR COMPENSATION AND PAYMENTS FOR THESE SERVICES ARE MADE TO THE SISTERS OF MERCY. THIS COMPENSATION IS NOT TREATED AS TAXABLE INCOME TO THE SISTERS SINCE THEY ARE MEMBERS OF A RELIGIOUS ORDER. THEREFORE, SISTERS WHO PROVIDED SERVICES TO THE UNIVERSITY ARE DEEMED TO BE AN INDEPENDENT MEMBERS OF THE GOVERNING BODY FOR PURPOSES OF PART VII OF THE FORM 990. FORM 990, PART XI, LINE 9 SPLIT INTEREST AGREEMENTS/LIFE INS SURRENDER VALUE $(6,478) ROUNDING $(1) ------- TOTAL $(6,479) Conference for Mercy Higher Education 8630 Fenton Street 934 Silver Spring MD 20190 431973007 Sponsorship MD 501(c)(3) 1 NA false Paul Delaurentis Perpetual Scholarship 400 Locust Street Lakewood NJ 08701 237814490 Trust NJ Trust 17000 246630 1.00000 true Peter Delaurentis Perpetual Scholarship 400 Locust Street Lakewood NJ 08701 226640205 Trust NJ Trust 9000 408720 1.00000 true false true false false false false false false false false false false true false false false true false true