2017-05-12T08:49:08-05:00 2016-06-30 KPMG LLP 345 Park Avenue New York NY 101540102 990 2015-07-01 060646623 FAIRFIELD UNIVERSITY % Michael Trafecante FAIR 2032544000 1073 NORTH BENSON ROAD FAIRFIELD CT 068245195 MIKE TRAFECANTE VP FOR FINANCE 2032544000 2017-05-09 true MARY-EVELYN ANTONETTI P00431862 2127589700 2017-05-09 2015 2021-01-29 14:40:06Z REV JEFFREY P VON ARX SJ 1073 NORTH BENSON ROAD FAIRFIELD CT 068245195 319556673 false X N/A X 1942 CT FAIRFIELD'S MISSION IS TO DEVELOP THE CREATIVE INTELLECTUAL POTENTIAL OF ITS SUTDENTS AND TO FOSTER IN THEM ETHICAL AND RELIGIOUS VALUES AND A SENSE OF SOCIAL RESPONSIBILITY. 39 38 2856 500 395336 -39709 26696203 29558321 244065862 253968014 18685753 11875893 939734 788929 290387552 296191157 65201906 68152293 0 0 106418558 109088079 365178 319614 7691667 86844827 89625292 258830469 267185278 31557083 29005879 716196075 785505294 247353669 301751258 468842406 483754036 X EDUCATION FOR AN INSPIRED LIFE - A FAIRFIELD UNIVERSITY EDUCATION HAS BECOME MORE INTEGRATED IN FOCUS, MORE GLOBAL IN OUTLOOK, AND MORE INTENTIONAL IN ITS STRUCTURE THAN EVER BEFORE IN THE JESUIT TRADITION. WE ARE COMMITTED TO CREATING A STUDENT-FOCUSED, HOLISTIC, AND DIVERSE EDUCATIONAL ENVIRONMENT INTENDED TO EDUCATE THE WHOLE PERSON, MIND, BODY AND SPIRIT. WE WANT TO CULTIVATE IN BOTH OUR UNDERGRADUATE AND GRADUATE STUDENTS A SENSE OF COMMUNITY AND STRONG ETHICAL AND SPIRITUAL VALUES TO GUIDE THEM ON THEIR PATHS INTO THE FUTURE. 188225829 68152293 210091665 FAIRFIELD UNIVERSITY IS AN INSTITUTE OF HIGHER LEARNING WITH UNDERGRADUATE, GRADUATE, AND CONTINUING EDUCATION ACADEMIC PROGRAMS INCLUDING STUDENTS RESIDING ON CAMPUS. SEE SCHEDULE O. 37814321 41101294 AUXILIARY SERVICES. SEE SCHEDULE O. 2793317 3184088 OTHER PROGRAM SERVICES. 228833467 true true false true false false true true false true true false false true false true true false true true true false true true true false false false true true true false false false false false false false false false false true true false false false false false false false true 782 0 true 2856 true true true true IT UK false false false true true false false false false X 39 38 false false false false false false false true true false false true true true true true true true true false CT X Michael Trafecante 2032544000 1073 North Benson Road Fairfield CT 06824 REV JEFFREY VON ARX SJ PRESIDENT 45.0 0.0 X X 301480 0 81455 NANCY A ALTOBELLOW TRUSTEE 2.0 0.0 X 0 0 0 CEASAR NICHOLAS ANQUILLARE TRUSTEE 1.0 0.0 X 0 0 0 WILLIAM L ATWELL TRUSTEE 2.0 X 0 0 0 REV DENNIS M BAKER SJ TRUSTEE 1.0 0.0 X 0 0 0 REV JOHN F BALDOVIN SJ TRUSTEE 1.0 0.0 X 0 0 0 REV TERRENCE A BAUM SJ TRUSTEE 2.0 0.0 X 0 0 0 MARK J BECKWITH TRUSTEE 1.0 0.0 X 0 0 0 JOSEPH R BRONSON TRUSTEE 1.0 0.0 X 0 0 0 KEVIN P CANNON TRUSTEE 1.0 0.0 X 0 0 0 CARLOS M CARDOSO TRUSTEE 1.0 0.0 X 0 0 0 FRANK J CARROLL III TRUSTEE 2.0 0.0 X 0 0 0 KEVIN M CONLISK TRUSTEE 1.0 0.0 X 0 0 0 TIMOTHY J CONWAY TRUSTEE 1.0 0.0 X 0 0 0 WILLIAM C CRAGER TRUSTEE 1.0 0.0 X 0 0 0 SHELIA KEARNEY DAVIDSON TRUSTEE 2.0 0.0 X 0 0 0 CHRISTOPHER C DESMARAIS TRUSTEE 1.0 0.0 X 0 0 0 REV TERRENCE P DEVINO SJ TRUSTEE 1.0 0.0 X 0 0 0 PATRICIA E GLASSFORD TRUSTEE 2.0 0.0 X 0 0 0 KELLY SIMON HONDRU TRUSTEE 1.0 0.0 X 0 0 0 BRIAN P HULL TRUSTEE 2.0 0.0 X 0 0 0 PAUL J HUSTON TRUSTEE 1.0 0.0 X 0 0 0 ROBIN KANAREK TRUSTEE 1.0 0.0 X 0 0 0 SUSAN ROBINSON KING MA TRUSTEE 1.0 0.0 X 0 0 0 KATHERINE N LAPP TRUSTEE 1.0 0.0 X 0 0 0 STEPHEN M LESSING TRUSTEE 1.0 0.0 X 0 0 0 BILL MCINTOSH TRUSTEE 1.0 0.0 X 0 0 0 ANDREW J MCMAHON TRUSTEE 1.0 0.0 X 0 0 0 JOHN MEDITZ TRUSTEE (AS OF 7/1/2015) 1.0 0.0 X 0 0 0 ELNER MORRELL TRUSTEE (AS OF 7/1/2015) 1.0 0.0 X 0 0 0 ROBERT MURPHY JR TRUSTEE 1.0 0.0 X 0 0 0 MOST REV GEORGE MURRY SJ TRUSTEE 1.0 0.0 X 0 0 0 GAVIN G O'CONNOR TRUSTEE 1.0 0.0 X 0 0 0 BIFF J O'REILLY TRUSTEE 1.0 0.0 X 0 0 0 REV STEPHEN A PRIVETT SJ TRUSTEE 2.0 0.0 X 0 0 0 CHRISTOPHER C QUICK TRUSTEE 1.0 0.0 X 0 0 0 KATIE JACOBS ROBINSON TRUSTEE 1.0 0.0 X 0 0 0 MARIANNE DOLAN WEBER TRUSTEE 1.0 0.0 X 0 0 0 JAMES D WEHR TRUSTEE 1.0 0.0 X 0 0 0 MICHAEL G TORTORA SECRETARY (AS OF 7/1/2015) 45.0 0.0 X 52500 0 13124 MICHAEL TRAFECANTE TREASURER 45.0 0.0 X 239330 0 29069 KEVIN LAWLOR EXECUTIVE VICE PRESIDENT 45.0 0.0 X 343502 0 59556 LYNN BABINGTON PROVOST & SR. VP ACADEMICS 45.0 0.0 X 262535 0 46414 THOMAS PELLEGRINO VICE PRESIDENT 45.0 0.0 X 201177 0 47620 YOHURU WILLIAMS DEAN COLLEGE OF ARTS & SCIENCE 45.0 0.0 X 161769 0 47574 WALTER HALAS VP ADVANCEMENTS 45.0 0.0 X 249251 0 36687 SYDNEY JOHNSON HEAD MBB COACH 45.0 0.0 X 500923 0 62785 NORMAN SOLOMON PROF OF MANAGEMENT 45.0 0.0 X 209910 0 47260 GREGORY KOUTMOS PROF OF FINANCE 45.0 0.0 X 193523 0 49858 JOSEPH FRAGER HEAD WBB COACH 45.0 0.0 X 199756 0 49600 MARK REED SECRETARY (THROUGH 6/30/15) 45.0 0.0 X 158730 0 54733 3074386 0 625735 176 true true false SHAWMUT WOODWORKING SUPPLY 560 HARRISION AVE BOSTON MA 02118 CONSTRUCTION 12464065 SODEXO INC AFFILIATES PO BOX 352 BUFFALO NY 14240 DINING SERVICE 11629039 ABM JANITORIAL SERVICES NORTHEAST I PO BOX 1534 NEW YORK NY 10008 CUSTODIAL SERVICE 3747363 DIRECT ENERGY BUSINESS MARKETING PO BOX 32179 NEW YORK NY 10087 UTILITIES 1870354 THE FAIRFIELD JESUIT COMMUNITY FAIRFIELD UNIVERSITY FAIRFIELD CT 06824 ADMIN & TEACHING SER 1668295 103 471995 3005303 26081023 7461372 29558321 Tuition & Fees 611600 210091665 210091665 Auxiliary Services 721000 40193357 40193357 SUMMER CONFERENCE 611710 498904 159667 339237 OTHER PROGRAM SERVICES 900099 3184088 3184088 253968014 4508191 -19369 4527560 0 0 1108913 614103 494810 0 494810 75468 419342 29887323 22519621 7367702 7367702 7367702 116878 471995 231792 -114914 -114914 0 0 Miscellaneous income 611710 409033 409033 409033 296191157 254037810 395336 12199690 0 65404179 65404179 2748114 2748114 0 2097809 1409722 561491 126596 0 78825151 65966069 8794220 4064862 5042326 4216927 549449 275950 17633163 12055843 4897541 679779 5489630 4631206 577961 280463 315 315 1284183 38483 1239371 6329 240000 240000 0 319614 319614 778851 778851 1936627 1263227 660033 13367 1244334 288581 939862 15891 10628848 5605231 4457021 566596 3386674 1659739 1700001 26934 0 8276079 8276079 7107507 5808318 655100 644089 0 406063 337574 49451 19038 9304275 9070150 216354 17771 0 16945618 16148462 635096 162060 1366161 213453 1152638 70 Maintenance and Equipment 4505298 3753426 566120 185752 Consultants & Honoraria 3341869 1959642 1265950 116277 DINING SERVICES 11629039 11001711 513476 113852 Library Acquisitions 1334732 1334732 5908819 5642284 210158 56377 267185278 228833467 30660144 7691667 413666 18021 40895674 50068125 25064869 29361443 2898959 3035143 0 0 0 0 0 0 0 0 0 0 531225548 231121834 286554153 300103714 286175195 286191881 44508335 39180658 0 0 0 0 29685224 77546309 716196075 785505294 29982633 35050045 2380505 2415716 16641929 17066735 198335251 247218762 0 0 0 0 0 0 0 0 13351 0 247353669 301751258 X 245251081 255104159 87062956 88724820 136528369 139925057 468842406 483754036 716196075 785505294 X 29005879 -12035989 -2058260 X false true X true true true X 27411400 27325752 29129565 26696203 29558321 140121241 0 0 27411400 27325752 29129565 26696203 29558321 140121241 7088727 133032514 1447776 1017219 2233274 5337222 5617104 15652595 290985 181792 472777 409033 409033 156655646 1165526380 0.84920 0.87110 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false false false true false SCHEDULE C, PART II-B, LINE 1 FAIRFIELD UNIVERSITY MAY INDIRECTLY INCUR LOBBYING EXPENSE THROUGH DUES PAID TO OTHER ORGANIZATIONS. X 9 30.00 2 1 true 65.00 40000 false X X X X false 324498896 5909462 -1112030 4354070 8028414 316913844 321418792 5462179 8949982 4664316 6667741 324498896 279942310 5975887 46138721 3449456 7188670 321418792 256129303 7440796 27269923 3884790 7012922 279942310 258747437 14963728 -6371279 3395380 7815203 256129303 0.42920 0.44150 0.12930 false false 6393750 6393750 427723070 188357758 239365312 17210739 7579147 9631592 58190420 25625499 32564921 21707569 9559430 12148139 300103714 DEPOSIT WITH TRUSTEES 69533629 OTHER ASSETS 8012680 77546309 0 0 X 213779867 -12035989 -70210553 -82246542 296026409 778851 -614103 164748 296191157 198868237 614103 614103 198254134 778851 68152293 68931144 267185278 SCHEDULE D, PART III, LINE 1A SFAS 116 (ASC 958) FOOTNOTE THE ART COLLECTIONS ARE DONATED TO THE UNIVERSITY AND NOT RECOGNIZED IN THE ASSETS OF THE BALANCE SHEET. THE AUDITED FINANCIAL STATEMENTS DOES NOT HAVE A FOOTNOTE REGARDING THE COLLECTIONS. SCHEDULE D, PART III, LINE 4 ORGANIZATION'S COLLECTIONS THE ART COLLECTIONS ARE IMPORTANT CULTURAL RESOURCES OF THE UNIVERSITY, PROVIDING ARTS AND ACADEMIC ENRICHMENT TO THE STUDENTS, FACULTY, LOCAL COMMUNITY, AND INTERNATIONAL SCHOLARLY COMMUNITY. THE COLLECTIONS ARE HOUSED AT THE LUKACS GALLERY, THOMAS J WALSH ART GALLERY, THE BELLARMINE MUSEUM & VARIOUS LOCATIONS ON CAMPUS. A WEBSITE HAS BEEN DESIGNED TO GIVE ACCESS TO THESE WORKS OF ART, COLLECTIONS AND VENUES AND TO PROVIDE HISTORICAL AND TECHNICAL INFORMATION ON THE WORKS. THE BELLARMINE MUSEUM IS DEDICATED TO PRESERVING, STUDYING, AND EXHIBITING THOSE OBJECTS ENTRUSTED TO ITS CARE, WHILE NEVER LOSING SIGHT OF ITS OBLIGATION TO EDUCATE AND INSPIRE ITS MANY AUDIENCES, FOR THE GREATER ENRICHMENT OF ALL. THE MUSEUM IS OPEN TO THE PUBLIC AND FREE OF CHARGE FOR INDIVIDUALS. SCHEDULE D, PART V, LINE 4 THE UNIVERSITY'S ENDOWMENT IS AN AGGREGATION OF GIFTS PROVIDED BY DONORS WITH THE REQUIREMENT THE GIFTS BE HELD IN PERPETUITY TO GENERATE EARNINGS NOW AND IN FUTURE YEARS TO SUPPORT THE UNIVERSITY'S PROGRAMS OF INSTRUCTION, RESEARCH AND PUBLIC SERVICE AND FUNDS DESIGNATED BY THE BOARD OF TRUSTEES TO FUNCTION AS ENDOWMENT. EARNINGS FROM ENDOWMENT INVESTMENTS SUPPORT SCHOLARSHIPS, CHAIRS, PROFESSORSHIPS, FELLOWSHIPS, BASIC RESEARCH, AS WELL AS ACADEMIC AND PUBLIC SERVICE PROGRAMS. THE ENDOWMENT SHOULD PROVIDE STABILITY SINCE THE PRINCIPAL IS INVESTED AND EARNINGS ARE GENERATED YEAR AFTER YEAR. NET ASSETS ASSOCIATED WITH ENDOWMENT FUNDS, INCLUDING FUNDS DESIGNATED BY THE BOARD OF TRUSTEES TO FUNCTION AS ENDOWMENTS, ARE CLASSIFIED AND REPORTED BASED ON THE EXISTENCE OR ABSENCE OF DONOR-IMPOSED RESTRICTIONS. SCHEDULE D, PART X, LINE 2 THE UNIVERSITY IS A NOT-FOR-PROFIT CORPORATION AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (THE CODE) AND IS GENERALLY EXEMPT FROM INCOME TAXES ON RELATED INCOME PURSUANT TO SECTION 501(A) OF THE CODE. THE UNIVERSITY RECOGNIZES THE EFFECTS OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT OF BEING SUSTAINED. THE UNIVERSITY EVALUATES, ON AN ANNUAL BASIS, THE EFFECTS OF ANY UNCERTAIN TAX POSITIONS ON ITS FINANCIAL STATEMENTS. AS OF JUNE 30, 2016, THE UNIVERSITY HAS NOT IDENTIFIED OR PROVIDED FOR ANY SUCH POSITIONS. SCHEDULE D, PART XI, LINE 2D OTHER AMOUNTS INCLUDED ON LINE 1 BUT NOT ON FORM 990, PART VIII, LINE 12: STUDENT FINANCIAL AID $(68,152,293) LOSS ON LONG-TERM DEBT ADVANCE REFINANCING (1,957,786) CHANGE IN SPLIT INTEREST AGREEMENTS (100,474) ------------- $(70,210,553) SCHEDULE D, PART XI, LINE 4B OTHER AMOUNTS INCLUDED ON FORM 990, PART VIII, LINE 12, BUT NOT ON LINE 1: RENTAL EXPENSE $(614,103) SCHEDULE D, PART XII, LINE 2D OTHER AMOUNTS INCLUDED ON LINE 1 BUT NOT ON FORM 990, PART IX, LINE 25: RENTAL EXPENSE $614,103 SCHEDULE D, PART XII, LINE 4B OTHER AMOUNTS INCLUDED ON FORM 990, PART IX, LINE 25, BUT NOT ON LINE 1: STUDENT FINANCIAL AID $68,152,293 true true true true true true true false false false false false false false false true false true SCHEDULE E, PART I, LINE 3 FAIRFIELD UNIVERSITY ADMITS STUDENTS OF ANY SEX, RACE, COLOR, MARITAL STATUS, SEXUAL ORIENTATION, RELIGION, AGE, NATIONAL ORIGIN OR ANCESTRY, DISABILITY OR HANDICAP TO ALL THE RIGHTS, PRIVILEGES, PROGRAMS, AND ACTIVITIES GENERALLY ACCORDED OR MADE AVAILABLE TO STUDENTS OF THE UNIVERSITY. IT DOES NOT DISCRIMINATE ON THE BASIS OF SEX, RACE, COLOR, MARITAL STATUS, SEXUAL ORIENTATION, GENDER IDENTITY, VETERAN'S STATUS, POLITICAL IDEOLOGY, RELIGION, AGE, NATIONAL ORIGIN OR ANCESTRY, DISABILITY OR HANDICAP IN ADMINISTRATION OF ITS EDUCATIONAL POLICIES, ADMISSIONS POLICIES, EMPLOYMENT POLICIES, SCHOLARSHIP AND LOAN PROGRAMS, ATHLETIC PROGRAMS, OR OTHER UNIVERSITY-ADMINISTERED PROGRAMS. THIS INFORMATION IS OUTLINED ON FAIRFIELD UNIVERSITY'S PUBLIC WEBSITE. SCHEDULE E, PART I, LINE 6 FAIRFIELD UNIVERSITY RECEIVES GRANTS, AWARDS AND FINANCIAL ASSISTANCE FOR ITS STUDENTS FROM VARIOUS GOVERNMENTAL AGENCIES. THE UNIVERSITY HAS ALWAYS BEEN IN GOOD STANDING AND THE RIGHT TO RECEIVE SUCH AID HAS NEVER BEEN REVOKED OR SUSPENDED. Europe (Including Iceland and Greenland) 1 2 Program Services Study Abroad Program 5032707 East Asia and the Pacific Program Services Study Abroad Program 254182 Central America and the Caribbean Program Services Study Abroad Program 97687 Central America and the Caribbean Grantmaking 7000 East Asia and the Pacific Grantmaking 55088 Europe (Including Iceland and Greenland) Grantmaking 1003153 North America Grantmaking 1338658 South America Grantmaking 62500 South Asia Grantmaking 69750 Sub-Saharan Africa Grantmaking 211965 Central America and the Caribbean Investments 17214946 Europe (Including Iceland and Greenland) Investments 7323308 1 2 1 2 32670944 32670944 SCHOLARSHIP Central America and the Caribbean 1 7000 SCHOLARSHIP East Asia and the Pacific 4 55088 SCHOLARSHIP Europe (Including Iceland and Greenland) 21 1003153 SCHOLARSHIP North America 43 1338658 SCHOLARSHIP South America 3 62500 SCHOLARSHIP South Asia 6 69750 SCHOLARSHIP Sub-Saharan Africa 4 211965 true false true true true false SCHEDULE F, PART 1, LINE 3 STUDY ABROAD PROGRAMS AND GRANTMAKING ARE REPORTED ON THE ACCRUAL METHOD. INVESTMENTS ARE REPORTED AT FAIR MARKET VALUE. X X X X X X true RUFFALO CODY PO BOX 718 DES MOINES IA 50303 EXTERNAL DB false 19614 -19614 COMMUNITY COUNSELING SERV PO BOX 824885 PHILADELPHIA PA 19182 CAMPAIGN CONSULTING false 300000 -300000 319614 -319614 Alumni Awrd Din 588873 471995 116878 191620 403 39769 0 588873 471995 116878 191620 403 39769 231792 -114914 true INSTITUTIONAL SCHOLARSHIPS 2951 52182185 ATHLETIC SCHOLARSHIPS 271 5582860 STATE AND FEDERAL GRANTS 493 742085 PREP SCHOOL FINANCIAL AID 257 2369773 OTHER FINANCIAL AID 524 4527276 SCHEDULE I, PART I, LINE 1A SEVERAL PROCEDURES AND REPORTS ARE USED ANNUALLY TO MONITOR FINANCIAL AID INCLUDING: THE UNIVERSITY HAS IN PLACE INTERNAL CONTROLS TO ENSURE AMOUNTS ARE AWARDED TO STUDENTS WHO CONTINUE TO MEET AND MAINTAIN ELIGIBILITY REQUIREMENTS. THESE INTERNAL CONTROLS ARE ADMINISTERED BY THE UNIVERSITY'S FINANCIAL AID OFFICE, INDEPENDENT AUDITORS COMPLETE THE A-133 AUDIT RELATING TO FEDERAL STUDENT AID, THE FISAP REPORT FOR THE DEPARTMENT OF EDUCATION, COMMON DATA SET (CDS) WHICH IS A SET OF STANDARDS AND DEFINITIONS AMONG THE HIGHER EDUCATION COMMUNITY & PUBLISHERS AS REPRESENTED BY THE COLLEGE BOARD, PETERSON'S, US NEWS & WORLD REPORT & THE WINTERGREEN ORCHARD HOUSE. X X X true true X X X X X false false false false false false false false false REV JEFFREY VON ARX SJ PRESIDENT 301480 0 0 0 0 0 30148 0 51307 0 382935 0 0 0 MARK REED SECRETARY (THROUGH 6/30/15) 158730 0 0 0 0 0 21200 0 33533 0 213463 0 0 0 MICHAEL TRAFECANTE TREASURER 239330 0 0 0 0 0 17760 0 11309 0 268399 0 0 0 KEVIN LAWLOR EXECUTIVE VICE PRESIDENT 343502 0 0 0 0 0 23850 0 35706 0 403058 0 0 0 LYNN BABINGTON PROVOST & SR. VP ACADEMICS 262535 0 0 0 0 0 18693 0 27721 0 308949 0 0 0 THOMAS PELLEGRINO VICE PRESIDENT 201177 0 0 0 0 0 14859 0 32761 0 248797 0 0 0 WALTER HALAS VP ADVANCEMENTS 249251 0 0 0 0 0 11900 0 24787 0 285938 0 0 0 SYDNEY JOHNSON HEAD MBB COACH 500923 0 0 0 0 0 20800 0 41985 0 563708 0 0 0 NORMAN SOLOMON PROF OF MANAGEMENT 209910 0 0 0 0 0 19629 0 27631 0 257170 0 0 0 GREGORY KOUTMOS PROF OF FINANCE 193523 0 0 0 0 0 16694 0 33164 0 243381 0 0 0 JOSEPH FRAGER HEAD WBB COACH 199756 0 0 0 0 0 15663 0 33937 0 249356 0 0 0 YOHURU WILLIAMS DEAN COLLEGE OF ARTS & SCIENCE 161769 0 0 0 0 0 14559 0 33015 0 209343 0 0 0 SCHEDULE J, PART I, LINE 1A THE PRESIDENT RESIDES IN A HOUSE THAT WAS DONATED TO THE UNIVERSITY SPECIFICALLY FOR THE PRESIDENT'S USE. THE HOUSE IS USED EXTENSIVELY FOR UNIVERSITY EVENTS. THE PRESIDENT LIVES IN THE HOUSE FOR THE CONVENIENCE OF THE UNIVERSITY. CLEANING SERVICES ARE PROVIDED FOR THE HOUSE AS UNIVERSITY EVENTS ARE CONDUCTED THERE. THE HEAD COACH FOR MEN'S BASKETBALL RECEIVED MEMBERSHIP TO A CLUB FOR THE PURPOSE OF ENTERTAINING POTENTIAL DONORS TO THE ATHLETIC PROGRAMS. ALL AMOUNTS ARE INCLUDED IN NON-TAXABLE BENEFITS IN COLUMN D OF SCHEDULE J. A CHEFA 2008 SERIES M 060806186 20774UVX0 2008-04-10 39445697 Refund CHEFA 2005 & 2004 SERIES BO false false false B CHEFA 2008 SERIES N 060806186 20774UK87 2008-08-21 110773813 Refund CHEFA 2005 SERIES BOND false false false C CHEFA 2010 SERIES O 060806186 20774UW50 2010-03-17 73474749 Construction of various campus fac false false false D CHEFA 2010 SERIES P 060806186 20774UY41 2010-03-17 11573281 Current refunding of 1998 BOND false false false A 31472089 0 39445697 3051849 0 0 489667 0 0 0 35904182 0 2005 true false true true B 73529097 0 110773813 9938250 0 0 786405 0 0 3355000 96694158 0 2002 true false true true C 505661 0 73474749 7011334 4732010 0 731405 0 0 61000000 0 0 2012 false false true true D 1950293 0 11573281 1065750 0 0 116497 0 0 0 10391034 0 true false true true A false false true true true true 0.02230 0.02230 false false false true B false false true true false 0 false false false true C false false true true false false 0.00080 0.00080 false false false true D false false true true false false 0 false false false true A false false false true false false 0 false 0 false true B false false false true false false 0 false 0 false true C false false false true false false 0 false 0 false true D false false false true false false 0 false 0 false true A false B false C false D false SCHEDULE K, PART III, LINE 3A MANAGEMENT AND SERVICE CONTRACTS ALL MANAGEMENT AND SERVICE CONTRACTS IN BOND FINANCED SPACE HAVE BEEN PREVIOUSLY REVIEWED BY BOND COUNSEL. THEY WERE DETERMINED TO FALL UNDER THE SAFE HARBOR PROVIDED BY REVENUE PROCEDURE 97-13 AND WILL NOT RESULT IN PRIVATE BUSINESS USE. SCHEDULE K, PART III, LINE 3C RESEARCH AGREEMENTS RESEARCH AGREEMENTS RELATING TO THE BONDS ISSUE M AND Q2 HAVE BEEN REVIEWED BY BOND COUNSEL TO ENSURE THEY ARE COMPLIANT WITH THE APPLICABLE SAFE HARBORS. THE RESEARCH AGREEMENTS DID NOT RESULT IN ANY PRIVATE BUSINESS USE. SCHEDULE K, PART IV, LINE 2C THE DATE OF MOST RECENT REBATE CALCULATION FOR THE CHEFA 2008 SERIES M, CHEFA 2008 SERIES N, CHEFA 2010 SERIES 0 AND CHEFA 2010 SERIES P BOND ISSUES WAS MARCH 2015. SCHEDULE K, PART III, LINE 9, PART IV, LINE 7, AND PART V THE UNIVERSITY PLANS TO DRAFT WRITTEN PROCEDURES FOR THE NEXT TAX YEAR. A CHEFA 2016 SERIES Q-1 060806186 20774YYR2 2016-02-25 53583942 CONSTRUCTION OF VARIOUS CAMPUS FAC false false false B CHEFA 2016 SERIES Q-2 060806186 20774YZH3 2016-03-30 20006907 PARTIALLY REFUND CHEFA SERIES 2008 false false false A 0 0 53583942 0 3138393 0 525083 0 0 49920466 0 0 false false true true B 0 0 20006907 0 0 0 291447 0 0 0 19715431 0 false true true true A false false true true false 0.03000 0.03000 false false false true B false false true true true true 0.03000 0.03000 false false 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 false B false X 1 23000 APPRAISAL X 100471 APPRAISAL X 3364 FMV X 66 7331612 FMV X Adam Broderick Gift Certificates 117 2925 FMV 2 false false false SCHEDULE M, PART I, COLUMN B THE NUMBER IN SCHEDULE M, PART I, COLUMN B REPRESENTS THE NUMBER OF ITEMS CONTRIBUTED. FORM 990, PART III, LINE 4A FAIRFIELD UNIVERSITY IS AN INSTITUTION OF HIGHER LEARNING WITH UNDERGRADUATE, GRADUATE AND CONTINUING EDUCATION ACADEMIC PROGRAMS INCLUDING STUDENTS RESIDING ON CAMPUS. FULL-TIME EQUIVALENT ENROLLMENT FOR THE 2015-2016 ACADEMIC YEAR WERE 3,793 UNDERGRADUATES AND 731 GRADUATE STUDENTS WITH APPROXIMATELY 2,901 STUDENTS LIVING IN ON-CAMPUS RESIDENCES. ALSO INCLUDED IN OUR PROGRAM SERVICES IS A SECONDARY PREPARATORY SCHOOL WITH AN ENROLLMENT OF APPROXIMATELY 900 STUDENTS. FAIRFIELD UNIVERSITY WELCOMED 966 MEMBERS OF THE CLASS OF 2019 AND 35 TRANSFER STUDENTS TO CAMPUS IN THE FALL OF 2015. THE CLASS OF 2019 IS A STRONG CLASS, WITH AN AVERAGE SAT SCORE OF 1785, SLIGHTLY HIGHER THAN THAT OF THE CLASS OF 20I8. CONTINUED REFINEMENT OF THE FINANCIAL AID PROCESS AS WELL AS ENHANCEMENTS TO CAMPUS PROGRAMMING AND FOLLOW UP COMMUNICATION EFFORTS RESULTED IN A CLASS THAT EXCEEDED OUR BUDGETED GOALS. RECOGNITION OF QUALITY AND VALUE FOR THE 25TH CONSECUTIVE YEAR FAIRFIELD RANKED IN THE TOP 2% OF ITS PEER GROUP IN SURVEYS DONE BY U S NEWS AND WORLD REPORT, FAIRFIELD WAS THE SECOND HIGHEST UNIVERSITY IN THE NORTH REGION. THE UNIVERSITY WAS ALSO ACCLAIMED FOR ITS "STRONG COMMITMENT TO UNDERGRADUATE TEACHING," HIGH FRESHMAN RETENTION RATE (89%) AND SIX-YEAR GRADUATION RATE (82%) MONEY MAGAZINE RANKED FAIRFIELD IN THE TOP 185 (OUT OF 706) FOR BEST VALUED BASED ON QUALITY OF EDUCATION, AFFORDABILITY AND OUTCOMES FAIRFIELD HAS ALSO BEEN RECOGNIZED BY THE FOLLOWING PUBLICATIONS AND ORGANIZATIONS: FORBES MAGAZINE'S AMERICAN'S TOP COLLEGES, PRINCETON REVIEW'S TOP 380 COLLEGES, KIPLNGER'S PERSONAL FINANCE "35 BEST COLLEGE VALUES IN NEW ENGLAND", BLOOMBERG BUSINESS WEEK'S LIST OF BEST UNDERGRADUATE BUSINESS SCHOOLS ABROAD "101 TOP FOUR STUDY ABROAD PROGRAMS IN THE WORLD". THE FAIRFIELD STAGS CONTINUE TO DEMONSTRATE PROWESS ON BOTH THE FIELD AND IN THE CLASSROOM IN DATA RELEASED BY THE NATIONAL COLLEGIATE ATHLETIC ASSOCIATION FAIRFIELD HAD THE HIGHEST GRADUATION SUCCESS RATE (GSR) OF ALL 11 METRO ATLANTIC ATHLETIC CONFERENCE (MAAC) COLLEGES AND UNIVERSITIES AND THE 12TH HIGHEST IN THE NATION. FAIRFIELD HAD A GSR OF 96 PERCENT WITH 13 SPORTS AT FAIRFIELD UNIVERSITY ACHIEVING A 100% GRADUATION RATE. FORM 990, PART III, LINE 4B AUXILIARY SERVICES INCLUDE THE COSTS OF ROOM AND BOARD FOR APPROXIMATELY 2,901 FULL-TIME UNDERGRADUATE STUDENTS LIVING ON CAMPUS IN RESIDENCE HALLS, TOWNHOUSES, AND APARTMENT COMPLEXES RESIDING ON A 200 ACRE CAMPUS. GRADUATE STUDENT HOUSING IS ALSO OFFERED IN INDEPENDENT OFF-CAMPUS HOUSES, AND IN AN APARTMENT STYLE RESIDENCE HALL. FORM 990, PART VI, SECTION B, LINE 11 IT IS THE POLICY OF FAIRFIELD UNIVERSITY THAT EACH VOTING MEMBER OF THE FINANCE AND AUDIT COMMITTEE OF THE BOARD OF TRUSTEES IS PRESENTED WITH A COPY OF THE COMPLETED IRS FORM 990 BEFORE IT IS FILED WITH THE IRS. FORM 990 IS REVIEWED AND APPROVED BY THE VICE PRESIDENT FOR FINANCE BEFORE IT IS FORWARDED TO THE FINANCE AND AUDIT COMMITTEE. FORM 990, PART VI, SECTION B, LINE 12C: MEMBERS OF THE BOARD OF TRUSTEES ARE ASKED TO SIGN A CONFLICT OF INTEREST STATEMENT. THE STATEMENT SHALL BE SIGNED ANNUALLY BY EACH BOARD MEMBER AS A CONDITION OF MEMBERSHIP ON THE BOARD OF TRUSTEES. EACH TRUSTEE IS EXPECTED TO DISCLOSE IN WRITING TO THE CHAIRMAN OF THE BOARD ALL SITUATIONS IN WHICH CONFLICTS MIGHT EXIST, OR APPEAR TO EXIST. CONFLICT OF INTEREST STATESMENTS ARE COLLECTED AND REVIEWED BY THE CHIEF OF STAFF. NO TRUSTEE HAVING INTERESTS CONFLICTING WITH THE INTERESTS OF THE UNIVERSITY OR APPEARING SO SHALL TAKE PART IN THE DELIBERATIONS OR VOTES OF THE BOARD INVOLVING THE QUESTION CONCERNING THE CONFLICT NOR SEEK TO INFLUENCE THE OTHER TRUSTEES ON THAT QUESTION. FORM 990, PART VI SECTION B, LINE 15: THE REVIEW PROCESS INCLUDES ALL OF THESE ELEMENTS (1) REVIEW AND APPROVAL BY THE BOARD OF TRUSTEES -COMPENSATION IS REVIEWED AND APPROVED BY THE BOARD OF TRUSTEES OF FAIRFIELD UNIVERSITY, PROVIDED THAT PERSONS WITH CONFLICTS OF INTEREST WITH RESPECT TO THE COMPENSATION ARRANGEMENT AT ISSUE ARE NOT INVOLVED IN THIS REVIEW AND APPROVAL (2) USE OF DATA AS TO COMPARABLE COMPENSATION-THE COMPENSATION OF THE PERSON IS REVIEWED AND APPROVED USING DATA AS TO COMPARABLE COMPENSATION FOR SIMILARLY QUALIFIED PERSONS IN FUNCTIONALLY COMPARABLE POSITIONS AT SIMILARLY SITUATED UNIVERSITIES. THE FOLLOWING METHODS HAVE BEEN USED A. REVIEW BY AN INDEPENDENT THIRD PARTY; B. CONDUCT MARKET ASSESSMENT OF SALARIES; AND C. EVALUATE THE APPROPRIATENESS OF THE CURRENT SALARY STRUCTURE TO ENSURE THAT WE ARE AND REMAIN COMPETITIVE WITH THE MARKET, AS WELL AS REMAIN INTERNALLY EQUITABLE. (3) CONTEMPORANEOUS DOCUMENTATION AND RECORDKEEPING -THERE IS CONTEMPORANEOUS DOCUMENTATION AND RECORDKEEPING WITH RESPECT TO THE DELIBERATIONS AND DECISIONS REGARDING THE COMPENSATION ARRANGEMENT. COMPENSATION ARRANGEMENT. THE LAST TIME OF REVIEW WAS MARCH 2015 DURING THE BOARD MEETING. FORM 990, PART VI, SECTION C, LINE 19: GOVERNING DOCUMENTS SUCH AS FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICY AND WHISTLEBLOWER POLICY ARE AVAILABLE ON THE UNIVERSITY'S WEBSITE AND ALSO BY REQUEST. FORM 990, PART XI, LINE 9 OTHER CHANGES IN NET ASSETS: LOSS ON LONG-TERM DEBT ADVANCE REFUNDING $(1,957,786) CHANGE IN VALUE OF SPLIT INTEREST AGREEMENT (100,474) ------------ $(2,058,260)