2017-05-10T18:21:52-05:00 2016-06-30 GRANT THORNTON LLP 757 THIRD AVE 3RD FLOOR NEW YORK NY 100172013 990 2015-07-01 210634584 Monmouth University % MARY BYRNE MONM 7325713407 400 Cedar Avenue West Long Branch NJ 077641898 WILLIAM CRAIG VP FOR FINANCE 7325713407 2017-05-10 true Daniel romano P00504182 2125990100 2017-05-10 2015 2021-01-29 14:40:06Z Grey Dimenna 400 Cedar Avenue West Long Branch NJ 077641898 349901413 false X www.monmouth.edu X 1948 NJ MONMOUTH UNIVERSITY IS A COMPREHENSIVE INSTITUTION OF HIGHER EDUCATION COMMITTED TO EXCELLENCE AND INTEGRITY IN TEACHING, SCHOLARSHIP AND SERVICE. 35 32 3537 406 715713 43974 10488956 10674593 213886116 227302331 2514081 4356092 1015863 926986 227905016 243260002 54331826 57843629 0 0 104021766 108338043 0 0 4310358 56391410 57912898 214745002 224094570 13160014 19165432 352823962 368184917 55821013 54670998 297002949 313513919 X MONMOUTH UNIVERSITY IS A COMPREHENSIVE INSTITUTION OF HIGHER EDUCATION COMMITTED TO EXCELLENCE AND INTEGRITY IN TEACHING, SCHOLARSHIP AND SERVICE. THROUGH ITS OFFERINGS IN LIBERAL ARTS, SCIENCES, AND PROFESSIONAL PROGRAMS, MONMOUTH UNIVERSITY EDUCATES AND PREPARES STUDENTS TO REALIZE THEIR POTENTIAL AS LEADERS AND TO BECOME ENGAGED CITIZENS IN A DIVERSE AND INCREASINGLY INTERDEPENDENT WORLD. false false 186056220 57843629 227186277 HIGHER EDUCATION, RESEARCH AND PUBLIC SERVICE: Monmouth University, founded in 1933 and located in West Long Branch New Jersey, is a dynamic, top-tier, private university that empowers students to reach their full potential. Through small classes, individual attention, and innovative faculty members, students are afforded a transformative learning experience at a beautiful coastal campus. The University has a diverse student body comprising approximately 6,400 undergraduate and graduate students. Monmouth University offers thirty-two baccalaureate degree programs and twenty-four graduate degree programs within six academic schools. While many students are from the Northeast, they come from all across the United States, as well as nations around the world. The University's schools and departments, as well as the University's five (5) institutes (The Institute for Global Understanding, the Kislak Real Estate Institute, the Polling Institute, the Center for the Arts, and the Urban Coast Institute), conduct research and public service projects funded by institutional, government, and private resources. Monmouth is accredited by the Middle States Association of Colleges and Schools and holds specialized, program-specific accreditation with these prestigious educational organizations: the AACSB International - The Association to Advance Collegiate Schools of Business; the Approved List of the American Chemical Society (ACS); the Engineering Accreditation Commission of ABET; the Commission on Collegiate Nursing Education (CCNE); the Council on Social Work Education (CSWE); the National Council for Accreditation of Teacher Education (NCATE); the Council for Accreditation of Counseling and Related Educational Programs (CACREP); and the Behavior Analyst Certification Board. Monmouth University provides food service to students and housing for over 2000 students in 16 University-owned or sponsored housing facilities. The University provides a wide range of services to students ensuring a rich and fulfilling student experience. Services include career services, health center, counseling services, athletics, recreation programs, clubs and student organizations. The University also provides members of the local community with opportunities to get involved in cultural, educational and recreational programs. For additional information, please visit our website at www.monmouth.edu. 186056220 true true false true false false false true false true true true false false true true true false true false true false true false true true false true true true false false false false false false true true true true false false false false false false false true 383 0 true 3537 true true true false false false false true true false false false false X 35 32 false false true false false false false true true false false true true true true true true true true false CA X MARY BYRNE 7325713407 400 CEDAR AVENUE West Long Branch NJ 077641898 X PAUL R BROWN PRESIDENT 70.0 0.0 X X 644920 0 74767 HENRY D MERCER III TRUSTEE AnD CHAIRMAN 5.0 0.0 X X 0 0 0 JEANA M PISCATELLI TRUSTEE AND VICE CHAIRMAN 3.0 0.0 X X 0 0 0 JAMES S VACCARO III TRUSTEE AND TREASURER 3.0 0.0 X X 0 0 0 MICHAEL A PLODWICK TRUSTEE AND SECRETARY 3.0 0.0 X X 0 0 0 JEROME P AMEDEO TRUSTEE 1.0 0.0 X 0 0 0 VIRGINIA S BAUER TRUSTEE 1.0 0.0 X 0 0 0 FRANCIS V BONELLO TRUSTEE 2.0 0.0 X 0 0 0 JOHN A BROCKRIEDE JR TRUSTEE 1.0 0.0 X 0 0 0 THOMAS D BYER TRUSTEE 1.0 0.0 X 0 0 0 QUINCY J BYRDSONG TRUSTEE 2.0 0.0 X 0 0 0 JOHN C CONOVER III TRUSTEE 2.0 0.0 X 0 0 0 KARYN F CUSANELLI TRUSTEE 1.0 0.0 X 0 0 0 MARTI S EGGER TRUSTEE 1.0 0.0 X 0 0 0 MARIANNE HESSE TRUSTEE 2.0 0.0 X 0 0 0 FREDERICK J KAELI JR TRUSTEE 1.0 0.0 X 0 0 0 NANCY A LEIDERSDORFF TRUSTEE 1.0 0.0 X 0 0 0 CHRISTOPHER MAHER TRUSTEE 1.0 0.0 X 0 0 0 ERIK MATSON TRUSTEE 1.0 0.0 X 0 0 0 LISA MCKEAN TRUSTEE 1.0 0.0 X 0 0 0 STEVEN J POZYCKI TRUSTEE 1.0 0.0 X 0 0 0 GARY T PUMA TRUSTEE 1.0 0.0 X 0 0 0 DAVID A REALE TRUSTEE 1.0 0.0 X 0 0 0 MICHAEL J RENNA TRUSTEE 1.0 0.0 X 0 0 0 CAROL A STILLWELL TRUSTEE 1.0 0.0 X 0 0 0 MICHELLE SPICER TOTO TRUSTEE 2.0 0.0 X 0 0 0 WEBSTER B TRAMMELL JR TRUSTEE 2.0 0.0 X 0 0 0 PAUL W CORLISS LIFE TRUSTEE 1.0 0.0 X 0 0 0 ALAN E DAVIS LIFE TRUSTEE 1.0 0.0 X 0 0 0 JUDITH ANN EISENBERG LIFE TRUSTEE 1.0 0.0 X 0 0 0 ALFRED L FERGUSON LIFE TRUSTEE 2.0 0.0 X 0 0 0 HAROLD L HODES LIFE TRUSTEE 1.0 0.0 X 0 0 0 JOHN H KESSLER LIFE TRUSTEE 1.0 0.0 X 0 0 0 ROBERT E MCALLAN LIFE TRUSTEE 1.0 0.0 X 0 0 0 WILLIAM B ROBERTS LIFE TRUSTEE 1.0 0.0 X 0 0 0 WILLIAM CRAIG VP FOR FINANCE 55.0 0.0 X 280163 0 54538 PATRICIA SWANNACK VP FOR ADMINISTRATIVE SERVICES 55.0 0.0 X 258230 0 45515 JASON KROLL VP FOR EXTERNAL AFFAIRS 55.0 0.0 X 261295 0 49911 EDWARD CHRISTENSEN VP/INFO.MGMT/ACT.DIR.LIB 55.0 0.0 X 251413 0 49818 GREY DIMENNA VP & GENERAL COUNSEL 55.0 0.0 X 178911 0 15157 JOHN CHRISTOPHER as of 815 VP & GENERAL COUNSEL 55.0 0.0 X 108730 0 4948 MARY ANNE NAGY VP FOR STUDENT SERVICES 55.0 0.0 X 233835 0 19288 ROBERT MCCAIG VP ENROLLMENT MGMT 55.0 0.0 X 218380 0 47887 MARILYN MCNEIL VP/DIRECTOR ATHLETICS 55.0 0.0 X 226364 0 41872 LAURA MORIARTY PROVOST & VP ACA. AFF. 55.0 0.0 X 253063 0 30953 DONALD MOLIVER DEAN - SCHOOL OF BUSINESS 40.0 0.0 X 263762 0 46045 DATTA NAIK DEAN-GRAD. SCHOOL & CONT EDU. 40.0 0.0 X 226353 0 29981 MOHAMMAD S OBAIDAT FACULTY 40.0 0.0 X 592913 0 17725 THOMAS PEARSON FACULTY 40.0 0.0 X 227325 0 40531 MICHAEL PALLADINO VICE PROVOST 40.0 0.0 X 224255 0 86372 PAUL GAFFNEY POLICY FELLOW (FORMER PRES.) 20.0 0.0 X 119931 0 260 4569843 0 655568 184 true true false ARAMARK IDS-100 PENN SQUARE EAST PHILADELPHIA PA 19107 FOOD SERVICE 3649705 GOURMET DINING SERVICES PO BOX 417632 BOSTON MA 022417632 FOOD SERVICE 3507719 SWEETWATER CONSTRUCTION 32 NORTH MAIN STREET CRANBURY NJ 08512 CONSTRUCTION MGMT 3108471 TORCON INC 328 NEWMAN SPRINGS ROAD RED BANK NJ 07701 CONSTRUCTION MGMT 2485214 EYP ARCHITECTURAL ENGINEERING OF 201 FULLER ROAD 5TH FLOOR ALBANY NY 12203 Architectural 1294465 40 69950 422897 2197769 7983977 946637 10674593 TUITION AND FEES 900099 189205386 189205386 AUXILIARY ENTERPRISES 721310 33086019 33086019 OTHER CONTRACTS 541700 376 376 OTHER 900099 5010550 4894496 116054 227302331 2355333 -9736 2365069 0 74250 74250 314607 39600 314607 39600 354207 234136 120071 108311223 106310464 2000759 2000759 2000759 306109 422897 324029 -17920 -17920 32054 6918 25136 25136 0 CONFERENCE AND PROGRAM SERVICES 722320 353474 353474 FITNESS CENTER 713940 67110 67110 SPONSOR ADVERTISING 541890 58919 58919 11810 11810 491313 243260002 227186277 715713 4683419 198407 198407 57223185 57223185 422037 422037 0 3276360 950144 1933052 393164 344101 80215 263886 78203450 62732124 13261603 2209723 4550454 3630588 791953 127913 16008294 12540863 2975573 491858 5955384 4635067 1131842 188475 0 156209 156209 143130 143130 48101 48101 0 957663 957663 12868488 10324289 2295517 248682 2413370 648190 1640180 125000 3964341 3328644 537539 98158 1995423 301268 1694155 0 9394301 7211632 2050557 132112 3337148 2788767 495016 53365 0 910844 828783 82061 1164985 1164985 0 11430574 10367959 897357 165258 2577312 2028043 488254 61015 BOOKSTORE MATERIALS 2460843 2460843 DUES AND MEMBERSHIPS 1563930 273470 1279735 10725 LIBRARY MATERIALS 792104 792104 ALL OTHER EXPENSES 1734132 1124613 604609 4910 224094570 186056220 33727992 4310358 18979 16697 19579414 16353672 11295272 10943497 1004082 1126005 0 0 0 0 0 0 523123 605832 3419213 3123501 343620969 150636195 181706381 192984774 57354718 65666251 73364120 72640431 4558660 4724257 0 0 0 0 352823962 368184917 17223807 19595023 0 0 5732395 4904133 0 0 0 0 0 0 20519528 18038503 1800337 1603898 10544946 10529441 55821013 54670998 X 225392627 244033124 38980522 35673776 32629800 33807019 297002949 313513919 352823962 368184917 X 19165432 -2570462 -84000 X false true X true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 137896 137896 223956674 224094570 1000000 250000 1000000 1000000 1000000 1000000 4000000 6000000 234813 235854 273610 137896 882173 250000 250000 250000 250000 1000000 1500000 876187 2147779 X X X X false 80346000 1980000 -622000 894000 1811000 78999000 76438000 4416000 1820000 807000 1521000 80346000 67135000 1330000 10238000 752000 1513000 76438000 60417000 2007000 6423000 636000 1076000 67135000 62589000 996000 -1956000 561000 651000 60417000 0.33000 0.43000 0.24000 false false 15684066 15684066 240000 179826659 67126534 112940125 1195716 362093 833623 25995228 18420769 7574459 120679300 64726799 55952501 192984774 EQUITY FUNDS 38262368 F HEDGED EQUITY FUNDS 13222642 F FIXED INCOME FUNDS 11502598 F NON-MARKETABLE FUNDS 8537412 F OTHER 1115411 F 72640431 0 ASSET RETIREMENT OBLIGATION 6262538 STUDENT LOAN GRANTS REFUNDABLE 4149952 FUNDS HELD FOR OTHERS 116951 10529441 X 182006685 -2570462 4030 -57645222 -60211654 242218339 957663 84000 1041663 243260002 165495715 4030 -57645222 -57641192 223136907 957663 957663 224094570 Schedule D, Part III, Line 4 THE MONMOUTH UNIVERSITY PERMANENT ART COLLECTION SERVES AS A VITAL TEACHING TOOL AND IS AN INTEGRAL ASSET TO THE DEPARTMENT OF ART AND DESIGN, THE UNIVERSITY CAMPUS AS A WHOLE, AND THE VISITING PUBLIC. THROUGH COMPLIMENTING UNIVERSITY GALLERY EXHIBITIONS and LECTURES AND WORKSHOPS BY VISITING ARTISTS AND HISTORIANS, THE UNIVERSITY COLLECTION PROVIDES STUDENTS, FACULTY AND THE GENERAL PUBLIC AT LARGE WITH ACCESS TO IMPORTANT PIECES OF ART. THE PERMANENT COLLECTION IS FREQUENTLY ON DISPLAY, SHOWCASING WORKS OF ART. THE UNIVERSITY COLLECTION IS ALSO MADE AVAILABLE TEMPORARILY, PER REQUEST, TO OTHER EDUCATIONAL INSTITUTIONS FOR EXHIBITION AND SCHOLARLY RESEARCH. FOR EXAMPLE, THE COLLECTION CONTAINS SUBTANSTIAL WORKS BY LEWIS MUMFORD AND JACOB LANDAU. WITH PROPER APPROVALS, THESE WORKS ARE MADE AVAILABLE ON LOAN TO REQUESTING INSTITUTIONS. Schedule D, Part V, Line 4 THE UNIVERSITY'S ENDOWMENT CONSISTS OF INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES INCLUDING SCHOLARSHIPS, FACULTY CHAIRS, INSTRUCTION, ACADEMIC SUPPORT, AND OPERATION AND MAINTENANCE OF THE PHYSICAL PLANT. Schedule D, Part X, Line 2 FIN 48 The University is an organization described under Section 501(c)(3) of the Internal Revenue Code (the Code) and, therefore, is exempt from Federal income taxes under Section 501(a) of the Code on income generated by activities that are related to its tax-exempt purpose. There are certain transactions that could be deemed unrelated business income and could result in a tax liability. Management reviews transactions to estimate potential tax liabilities using a more likely than not threshold. It is management's estimation that there are no material tax liabilities that need to be recorded. Schedule D, Part XI, Line 2D and 4b RECONCILIATION OF REVENUE LINE 2D TUITION DISCOUNT $54,407,535 ROOM AND BOARD DISCOUNT $3,237,687 TOTAL $57,645,222 Line 4b Adjustment of ($84,000) to CONTRIBUTIONS RECEIVED DURING THE FISCAL YEAR ENDED JUNE 30, 2015 INCLUDED IN THE 2014 FORM 990, PART VIII, LINE 1F THAT WERE RECORDED IN THE AUDITED FINANCIAL STATEMENTS DURING THE FISCAL YEAR ENDING JUNE 30, 2016. Schedule D, Part XII, Line 2D RECONCILIATION OF Expenses TUITION DISCOUNT $54,407,535 ROOM AND BOARD DISCOUNT $3,237,687 TOTAL $57,645,222 true true true true true true true false false false false false false false false true false true Schedule E, Part I, Line 3 Mommouth University makes its racially nondiscriminatory policy public through Newspaper Announcements and on the Monmouth University website. Schedule E, Part I, Line 6a The University receives grants from federal and state governmental agencies for various purposes including student financial aid, research and training. Granting agencies include the U.S Department of Education (including Federal Direct Loan, Pell and other student financial assistance programs), the National Ocean and Atmospheric Administration, the NJ Higher Education Assistance Authority and the NJ Commission on Higher Education (including Tuition Aid Grant, Equal Opportunity Fund and other student financial assistance programs), the NJ State Council of the Arts, the NJ Department of Environmental Protection and other federal and state agencies. true Europe (Including Iceland and Greenland) Grantmaking Study Abroad Program 395037 East Asia and the Pacific Grantmaking Study Abroad Program 27000 Central America and the Caribbean Investments 2389926 Europe (Including Iceland and Greenland) Program Services Study Abroad Program 1020797 East Asia and the Pacific Program Services Study Abroad Program 67439 3900199 3900199 Study Abroad Students Europe (Including Iceland and Greenland) 59 395037 Electronic Study Abroad Students East Asia and the Pacific 8 27000 Electronic false false true true true false Schedule F, Part I, Line 2 MONMOUTH UNIVERSITY GRANTS, INCLUDING THOSE GRANTS RELATED TO STUDENTS PARTICIPATING IN OUR STUDY ABROAD PROGRAM, TAKE THE FORM OF SCHOLARSHIPS AWARDED BY OUR FINANCIAL AID OFFICE FOR TUITION, ROOM, BOARD AND BOOKS. THE SCHOLARSHIPS ARE AWARDED IN ACCORDANCE WITH THE GUIDELINES ESTABLISHED FOR EACH SCHOLARSHIP AND ARE ADMINISTERED BY THE FINANCIAL AID OFFICE. CREDITING OF SCHOLARSHIPS TO STUDENT ACCOUNTS IS ADMINISTERED BY THE BURSAR'S OFFICE. THE SCHOLARSHIPS REPORTED HERE WERE GRANTED TO MONMOUTH UNIVERSITY STUDENTS WHILE THEY WERE STUDYING ABROAD AND REPORTED IN ACCCORDANCE WITH THE SCHEDULE F INSTRUCTIONS AND THE IRS'S FILING TIPS. Schedule F, Part IV Monmouth University invests in domestic and foreign limited partnerships that may own an interest in a foreign corporation, passive foreign investment company, or foreign partnership. Nevertheless, the University's investment activities may not reach the thresholds required for filing the Forms 926, 5471, or 8621. To the extent such a form was completed, it has been filed with the Organization's Form 990-T. REI DINNER 328615 222073 106542 1802 60388 900 28935 HOLIDAY BALL 166150 102175 63975 4730 50806 41137 12 234241 98649 135592 948 52571 11778 70034 729006 422897 306109 7480 163765 12678 140106 324029 -17920 32054 5788 427 703 false 32054 5788 427 703 6918 25136 NJ true false false false 1.00000 VARIOUS DEPARTMENTS ON CAMPUS THAT 400 Cedar Avenue West Long Branch NJ 077641898 false THERE IS NOT ONE PERSON DESIGNATED false true Borough of West Long Branch 967 Broadway West Long Branch NJ 07764 216001351 Government 36423 General Support Greater Long Branch Chamber of Commerce PO Box 628 Long Branch NJ 07740 210502065 501(c)(6) 6850 General Support The City of Long Branch 344 Broadway Long Branch NJ 07740 216000806 Government 75000 General Support 2 1 Tuition Discount 5311 53985498 Auxiliary Enterprise Discount 144 3237687 Schedule I, Part I, Line 2 MONMOUTH UNIVERSITY GRANTS AND OTHER ASSISTANCE TO ORGANIZATIONS ARE MODEST AND ARE APPROVED BY OUR OFFICE OF PUBLIC AFFAIRS AND MONITORED BY THE PRESIDENT'S CABINET. GRANTS AND OTHER ASSISTANCE TO INDIVIDUALS TAKE THE FORM OF SCHOLARSHIPS TO OUR STUDENTS. THE SOURCE OF FUNDING OF THESE SCHOLARSHIPS MAY BE UNIVERSITY INSTITUTIONAL FUNDS, GOVERNMENT FUNDS OR DONOR FUNDS. UNIVERSITY FUNDED SCHOLARSHIPS ARE ADMINISTERED BY THE UNIVERSITY'S ADMISSIONS OFFICE, BOTH GRADUATE AND UNDERGRADUATE, AND AWARDED USING A CALCULATION DRIVEN BY PRIOR ACADEMIC PERFORMANCE STATISTICS. GOVERNMENT FUNDED SCHOLARSHIPS ARE AWARDED BY THE UNIVERSITY'S FINANCIAL AID OFFICE WITH STRICT ADHERENCE TO GOVERNMENT REGULATIONS AND AWARD CRITERIA. DONOR FUNDED SCHOLARSHIPS, WHETHER SPONSORED OR ENDOWED, ARE AWARDED BY THE UNIVERSITY'S FINANCIAL AID OFFICE WITH STRICT ADHERENCE TO THE DONOR'S WRITTEN AWARD CRITERIA. THE UNIVERSITY'S DEVELOPMENT OFFICE WORKS WITH THE DONOR AT THE TIME OF THE GIFT TO ESTABLISH THE WRITTEN AWARD CRITERIA AND THESE CRITERIA ARE MAINTAINED FOR REFERENCE IN BOTH THE UNIVERSITY'S DEVELOPMENT AND FINANCIAL AID OFFICES. X X X X X true true X X X X true false false false false false false true false PAUL R BROWN PRESIDENT 545431 0 82250 0 17239 0 20800 0 53967 0 719687 0 0 0 WILLIAM CRAIG VP FOR FINANCE 276990 0 0 0 3173 0 20800 0 33738 0 334701 0 0 0 PATRICIA SWANNACK VP FOR ADMINISTRATIVE SERVICES 255057 0 0 0 3173 0 20800 0 24715 0 303745 0 0 0 JASON KROLL VP FOR EXTERNAL AFFAIRS 249680 0 0 0 11615 0 20800 0 29111 0 311206 0 0 0 EDWARD CHRISTENSEN VP/INFO.MGMT/ACT.DIR.LIB 251413 0 0 0 0 0 20520 0 29298 0 301231 0 0 0 GREY DIMENNA VP & GENERAL COUNSEL 176581 0 0 0 2330 0 14208 0 949 0 194068 0 0 0 MARY ANNE NAGY VP FOR STUDENT SERVICES 223350 0 7500 0 2985 0 18000 0 1288 0 253123 0 0 0 ROBERT MCCAIG VP ENROLLMENT MGMT 217730 0 0 0 650 0 17868 0 30019 0 266267 0 0 0 MARILYN MCNEIL VP/DIRECTOR ATHLETICS 219322 0 0 0 7042 0 17868 0 24004 0 268236 0 0 0 LAURA MORIARTY PROVOST & VP ACA. AFF. 252374 0 0 0 689 0 20400 0 10553 0 284016 0 0 0 DONALD MOLIVER DEAN - SCHOOL OF BUSINESS 250375 0 0 0 13387 0 20552 0 25493 0 309807 0 0 0 DATTA NAIK DEAN-GRAD. SCHOOL & CONT EDU. 219267 0 0 0 7086 0 17837 0 12144 0 256334 0 0 0 MOHAMMAD S OBAIDAT FACULTY 79789 0 0 0 513124 0 6544 0 11181 0 610638 0 0 0 THOMAS PEARSON FACULTY 221830 0 0 0 5495 0 18028 0 22503 0 267856 0 0 0 MICHAEL PALLADINO VICE PROVOST 223258 0 0 0 997 0 18341 0 68031 0 310627 0 0 0 PAUL GAFFNEY POLICY FELLOW (FORMER PRES.) 119931 0 0 0 0 0 0 0 260 0 120191 0 0 0 Line 1a HOUSING ALLOWANCE OR RESIDENCE FOR PERSONAL USE FOR THE BENEFIT AND CONVENIENCE OF THE UNIVERSITY IN HAVING THE FUNCTIONS OF THE OFFICE OF THE PRESIDENT EFFICIENTLY DISCHARGED AND AS A CONDITION OF EMPLOYMENT, THE PRESIDENT IS REQUIRED BY THE BOARD OF TRUSTEES TO RESIDE IN A HOME LOCATED ON CAMPUS AND PROVIDED BY THE UNIVERSITY AT ITS EXPENSE. SPACE PROVIDED IN THE PRESIDENT'S RESIDENCE FOR PRIVATE USE IS REPORTED AS NON-TAXABLE COMPENSATION ON FORM 990. The value of the residence is disclosed in Column D as $45,600. Line 1a Tax indemnification and Gross-Up Payments THE BOARD OF TRUSTEES HAS INCLUDED IN THE PRESIDENT'S COMPENSATION PACKAGE REIMBURSEMENT FOR FINANCIAL PLANNING COSTS. THIS REIMBURSEMENT IS GROSSED UP TO COVER THE APPLICABLE TAXES AND REPORTED AS COMPENSATION ON THE PRESIDENT'S W-2 AND ON FORM 990. Line 1a First-Class or Charter Travel The president's contract provides that the president may utilize first class travel when the president is traveling on university business. Line 1a Health or Social CLub Dues THE BOARD OF TRUSTEES REQUIRES THE UNIVERSITY TO MAINTAIN A MEMBERSHIP WITH A LOCAL GOLF CLUB SOLELY TO BE USED FOR UNIVERSITY FUNDRAISING, FRIEND RAISING AND OTHER UNIVERSITY BUSINESS. THE PRESIDENT HAS APPOINTED THE VICE PRESIDENT FOR EXTERNAL AFFAIRS TO HOLD THIS MEMBERSHIP. THE VICE PRESIDENT FOR EXTERNAL AFFAIRS MAY NOT USE THIS MEMBERSHIP FOR PERSONAL USE. THIS MEMBERSHIP IS INCLUDED AS NON-TAXABLE COMPENSATION ON FORM 990 ($17,668). THE PRESIDENT HAS A SOCIAL MEMBERSHIP AT THE LOCAL GOLF CLUB FOR WHICH NO DUES ARE PAID. Line 1a Personal Services THE PRESIDENT'S RESIDENCE MANAGER SPENDS A MAXIMUM OF ONE DAY PER WEEK ON PERSONAL MATTERS OF THE PRESIDENT FOR HIS APARTMENT WITHIN THE RESIDENCE. THE VALUE OF THIS SERVICE IS INCLUDED AS COMPENSATION ON THE PRESIDENT'S W-2 AND ON FORM 990. Line 4a During the year the University made a separation payment to a person listed on Schedule J. Line 7 Non-Fixed Payments THE PRESIDENT RECEIVED A BONUS UNDER THE TERMS OF HIS EMPLOYMENT CONTRACT WHICH IS MADE AT THE DISCRETION OF THE BOARD OF TRUSTEES. MARY ANNE NAGY RECEIVED A BONUS AT THE DISCRETION OF THE PRESIDENT. WILLIAM E FITZGERALD PE FAMILY MEMBER OF OFFICER 257812 ENGINEERING SERVICES false DIANE FITZGERALD FAMILY MEMBER OF OFFICER 48188 EMPLOYEE COMPENSATION false JAMES GAUL FAMILY MEMBER OF OFFICER 93890 EMPLOYEE COMPENSATION false KELLY CRAIG FAMILY MEMBER OF OFFICER 34252 EMPLOYEE COMPENSATION false AMANDA BROCKRIEDE FAMILY MEMBER OF TRUSTEE 87556 EMPLOYEE COMPENSATION false CAROL MCARTHUR-AMADEO FAMAILY MEMBER OF TRUSTEE 74815 EMPLOYEE COMPENSATION false 185 MONMOUTH PARKWAY ASSOCIATES SUBSTANTIAL CONTRIBUTOR 569004 RENT PAYMENTS false BREAKER ELECTRIC SUBSTANTIAL CONTRIBUTOR 245007 ELECTRICAL SERVICES false FEIGUS OFFICE FURNITURE SUBSTANTIAL CONTRIBUTOR 228251 EQUIPMENT SUPPLIER false GANNETTASBURY PARK PRESS SUBSTANTIAL CONTRIBUTOR 158619 MEDIA/ADVERTISING SERVICES false LL PAVING CO SUBSTANTIAL CONTRIBUTOR 102990 CONCRETE/PAVING CONTRACTOR false KOPA GROUP LIGHTING LLC SUBSTANTIAL CONTRIBUTOR 185903 LIGHTING CONTRACTOR false NEW JERSEY MANUFACTURERS INSURANCE SUBSTANTIAL CONTRIBUTOR 806967 INSURANCE PROVIDER false NEW JERSEY NATURAL GAS SUBSTANTIAL CONTRIBUTOR 680039 ENERGY SUPPLIER false SHADY TREE LAWN AND GARDEN SUBSTANTIAL CONTRIBUTOR 217497 LANDSCAPING CONTRACTOR false TORCON INC SUBSTANTIAL CONTRIBUTOR 11935837 CONSTRUCTION MANAGEMENT false WELLS FARGO BANK NA SUBSTANTIAL CONTRIBUTOR 124276 BANKING/INVESTMENT SERVICES false Supplemental Information All transactions disclosed on schedule l are made at arms-length terms and none are influenced by the relationships that exist with the interested persons. X 1 876187 EXPERT X 3 26700 FMV ON DATE OF GIFT X Laboratory Equipment 1 43750 COMPARABLE SALES false true true Sch M, Part I, Line 32b The University uses a stockbroker to sell gifts of securities. Sch M, Part I, Line 33 The university only records revenue for non-cash contributions meeting the following criteria: 1) Items added to our equipment, land, building, land improvement and supply inventory with a value of $1,000 or more, a useful life of one year or more, and 2) works of art or historical treasures added to our collection, and 3) Securities. The items reported on line 25 met these criteria. FORM 990, PART VI, SECTION A, LINE 1A There are three classes of trustees who serve on the board of trustees: regular trustees, life trustees and trustees emeriti. Life trustees are eligible to be elected after distinctive service on the board for two full terms as a regular trustee. Trustees emeriti are eligible to be elected after distinctive service for at least two consecutive terms without interruption as a regular trustee upon recommendation by the Committee on Trustees, a majority vote of the full membership of the executive committee and two-thirds vote of the full board of trustees. Trustee emeriti may vote at committee meetings but not at full board meetings. There are six members of the board of trustees who are trustee emeriti. The board of trustees has an executive committee that is authorized to act on behalf of the full board of trustees. The executive committee is composed of the four officers of the board (chair, vice chair, treasurer and secretary), the chairs of all standing committees, two at-large members of the board appointed by the chair, the immediate past chair of the board and the president of the university. All members of the executive committee are members of the board of trustees. The executive committee may take any action that the full board of trustees is authorized to take with certain exceptions. The executive committee may not: Take any action inconsistent with a prior act of the full board of trustees, award degrees (other than honorary degress), select or appoint trustees or officers, change the university's mission or purpose, sell the university's assets, adopt the annual budget, alter bylaws, remove or appoint the president or take any action specificially reserved to the full board of trustees. The executive committee also has authority to purchase, manage and sell land, buildings and capital equipment costing between $250,000 and $500,000. The executive committee may also take any action delegated to it by the full board of trustees. Form 990, Part VI, Section A, Line 4 CHANGES WERE MADE TO THE BY-LAWS REGARDING THE CLASSES OF TRUSTEES WHO SERVE ON THE BOARD OF TRUSTEES: REGULAR TRUSTEES, LIFE TRUSTEES AND TRUSTEES EMERITI. PREVIOUSLY, TRUSTEES EMERITI WERE ELIGIBLE TO BE ELECTED AFTER DISTINCTIVE SERVICE FOR AT LEAST FIVE YEARS AS A LIFE TRUSTEE. THE CHANGES ALLOW TRUSTEES EMERITI TO BE ELECTED AFTER TWO CONSECUTIVE TERMS AS A REGULAR TRUSTEE WITHOUT INTERRUPTION UPON RECOMMENDATION BY THE COMMITTEE ON TRUSTEES, A MAJORITY VOTE OF THE FULL MEMBERSHIP OF THE EXECUTIVE COMMITTEE AND TWO-THIRDS VOTE OF THE FULL BOARD OF TRUSTEES. Form 990, Part VI, Section B, Line 11B The Board of Trustees has designated the Audit Committee to be responsible for the review of Form 990 prior to submission to the Internal Revenue Service. This responsibility is included in the Audit Committee's Charter. A final draft of the Form 990 is presented to the Audit Committee at a regular meeting for their review and comment. Modifications resulting from the review, if any, are made before filing the form. In addition, an email is sent out to each member of the Board letting them know the draft is available for review and to allow them an opportunity to comment on it. All board members receive a copy of the final version of the Form 990 prior to filing. Form 990, Part VI, Section B, Line 12C The Board of Trustees has a Code of Ethics, as well as a provision in its bylaws, which deals with conflicts of interest. Also, members of the Board and the President's Cabinet Officers complete an annual disclosure statement setting forth their business and other interests. Review of situations to determine a conflict are carried out by the University's Vice President and General Counsel and if necessary the Board's Executive Committee. Board members found to have a conflict on a particular item recuse themselves from participating and voting in connection with that item. Such recusals are placed on the record. Form 990, Part VI, Section B, Line 15A and 15B The process for determining compensation for the President of the University is set forth in the University's Executive Compensation Policy and the Monmouth University Compensation Committee document entitled "Responsibilities of the Committee and Members of the Committee." Pursuant to that policy, the Board's Compensation Committee (all of whom are independent) and the Vice President and General Counsel review comparable compensation data provided by an independent outside consultant and make compensation recommendations to the full Board of Trustees as to the compensation for the President of the University. Minutes of both the Compensation Committee and the Board of Trustees meetings concerning such actions are reviewed and approved by both bodies. The President's compensation was last set by this process January 1, 2016. Form 990, Part VI, Section C, Line 19 Monmouth University does not currently make its governing documents available to the general public. Both the University's conflict of interest policy and financial statements are available on the University's web page. Form 990, Part XI, Line 9 Adjustment of ($84,000) to CONTRIBUTIONS RECEIVED DURING THE FISCAL YEAR ENDED JUNE 30, 2015 INCLUDED IN THE 2014 FORM 990, PART VIII, LINE 1F THAT WERE RECORDED IN THE AUDITED FINANCIAL STATEMENTS DURING THE FISCAL YEAR ENDING JUNE 30, 2016.