2012-05-11T15:27:09-05:00 2011-06-30 KPMG LLP 345 Park Avenue New York NY 101540102 990 2010-07-01 221529785 COLLEGE OF SAINT ELIZABETH COLL 9732904000 2 CONVENT ROAD MORRISTOWN NJ 07960 MARIA CAMMARATA 9732904000 2012-05-09 true KPMG LLP 2127589700 2010 2016-02-24 21:20:13Z SISTER FRANCIS RAFTERY 2 CONVENT ROAD MORRISTOWN NJ 07960 42088416 false 0928 X WWW.CSE.EDU X 1899 NJ THE MISSION OF THE COLLEGE OF SAINT ELIZABETH, IS TO BE A COMMUNITY OF LEARNING IN THE CATHOLIC LIBERAL ARTS TRADITION FOR STUDENTS OF DIVERSE AGES, BACKGROUND, AND CULTURES. 26 25 639 25 0 0 3619584 3077622 35195363 34493347 27032 673176 245564 219074 39087543 38463219 8915140 8999512 0 0 18345766 18636347 24379 25025 1217647 12885020 12702108 40170305 40362992 -1082762 -1899773 66005294 66791035 28819339 27470219 37185955 39320816 X SEE SCHEDULE O. false false 32345632 8999512 34733159 SEE SCHEDULE O. 32345632 true true false true false false false false true true false false false true true true false true false false false false true true true false false true true true false false false false false false false false false false true false false false false true false false false false true 70 0 true 639 true false false false false false true true false false false false false false false X 26 25 true false false false false false false true true false false true true true true true true false true false NJ X MARIA CAMMARATA 9732904498 2 CONVENT ROAD MORRISTOWN NJ 07960 RAFTERY SISTER FRANCIS 40.0 X X 40780 0 12638 SERRATELLI MOST REV ARTHUR J 1.0 X 0 0 0 SHAUGHNESSY SISTER MAUREEN 1.0 X 0 0 0 KEANE SISTER REGINA MARTIN 1.0 X 0 0 0 BYRNE EMMA N 1.0 X 0 0 0 EDELMANN ALANA E 1.0 X 0 0 0 FARRELL SISTER ELLEN 1.0 X 0 0 0 FORD WILLIAM S JR 1.0 X 0 0 0 HOLLO THOMAS P 1.0 X 0 0 0 KEELTY RICHARD W 1.0 X 0 0 0 LATAILLE RONALD H 1.0 X 0 0 0 MAHONEY MARGARET WARD 1.0 X 0 0 0 MANCUSO PETER V 1.0 X 0 0 0 MCNAMARA DONNA B 1.0 X 0 0 0 MEEHAN ROBERT E 1.0 X 0 0 0 MERTZ FRANCIS J 1.0 X 0 0 0 MERTZ LYNN M 1.0 X 0 0 0 MESCHINO MARY JANE 1.0 X 0 0 0 MOYNIHAN SISTER ROSEMARY 1.0 X 0 0 0 PAINTER ALAN S 1.0 X 0 0 0 PALMER GEORGE J 1.0 X 0 0 0 PEGO MARGARET M 1.0 X 0 0 0 REGAN KATHERINE A 1.0 X 0 0 0 RENYI ELIZABETH M 1.0 X 0 0 0 ROSE STEVEN M 1.0 X 0 0 0 TOWEY ROBERT 1.0 X 0 0 0 BUCK KATHERINE 40.0 X 111961 0 12051 BECHER ERIC 40.0 X 127606 0 12801 CAMMARATA MARIA 40.0 X 141346 0 13551 DLUGOS JAMES S 40.0 X 139542 0 17582 SCOTT VALERIE 40.0 X 121415 0 4477 MARKOWITZ ALAN 40.0 X 108286 0 3687 790936 0 76787 6 false true false LEEGIS GROUP INC 2333 US HIGHWAY 22 WEST UNION NJ 07083 CONSTRUCTION 1514738 CHARTWELLS PO BOX 91337 PISCATAWAY NJ 08854 FOOD SERVICE/CATERER 1207284 LINETT HARRISON INC 2500 MORRIS AVENUE UNION NJ 07083 ADVERTISING 689983 BINSKY SNYDER SERVICE LLC 281 CENTENNIAL AVENUE PISCATAWAY NJ 08854 HVAC 606529 ABM JANITORIAL SVCS NEAST INC PO BOX 1534 NEW YORK NY 100081534 JANITORIAL 558347 9 149615 2928007 61144 3077622 STUDENT TUITION AND FEES 900099 30570846 30570846 ROOM AND BOARD 611710 3854971 3854971 CROSS REGISTRATION 611710 32160 32160 SPIRITUALITY CONVOCATION 611710 17283 17283 SUMMER INSTITUTE 611710 16247 16247 1840 1840 34493347 14569 14569 0 0 0 4170363 3511756 658607 658607 658607 73303 149615 100188 -26885 -26885 19400 13253 6147 6147 0 FACILITIES USE 611710 133372 133372 ANNUNCIATION CENTER 611710 53903 53903 COLLEGE STORE 611710 40000 40000 12537 12537 239812 38463219 34733159 0 652438 0 8999512 8999512 0 0 561235 454601 84185 22449 0 14386542 11653099 2157981 575462 464280 376067 69642 18571 1941250 1572412 291188 77650 1283040 1039262 192456 51322 1510127 1036835 473292 124870 124870 124604 124604 24000 24000 25025 25025 153072 153072 166035 125213 28822 12000 635422 635422 1295497 722818 443485 129194 380411 125750 254611 50 2293 2293 3031306 2455358 454696 121252 303863 219266 72484 12113 0 114450 95022 14919 4509 380036 380036 0 2378529 2378529 225251 18846 206405 RESIDENCE HALLS 500077 500077 OTHER SPECIAL EVENTS 400678 221363 24128 155187 MEMBERSHIPS AND DUES 262542 180583 75419 6540 PUBLICATIONS 144952 75503 69449 HOSPITALITY 142694 89929 46442 6323 401399 3294 398105 40362992 32345632 6799713 1217647 3373121 1633953 593452 538176 1521991 1835888 660036 679242 660493 891660 72046911 35607087 36566573 36439824 21692864 23983557 936764 788735 66005294 66791035 2743230 2353773 563957 406068 23590000 22990000 1922152 1720378 28819339 27470219 X 16957717 18084210 10987993 11561971 9240245 9674635 37185955 39320816 66005294 66791035 X -1899773 4034634 X false true true X true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false true false false false false true 26500 false false 26500 false 18276448 434390 4010736 1636212 153072 20932290 15789472 755880 2764783 0 903184 130503 18276448 21047047 196831 857 0 1442779 4012484 15789472 0.28000 0.72000 false false 0 87750 87750 0 56462936 22716382 33746554 0 11469923 10361370 1108553 0 4026302 2529335 1496967 36439824 0 FOR STUDENT LOANS 516124 OTHER LONG TERM DEBT 1204254 1720378 38463219 40362992 -1899773 4083743 -49109 4034634 2134861 33686121 4083743 340852 16229 4440824 29245297 153072 9064850 9217922 38463219 31551260 340852 340852 31210408 153072 8999512 9152584 40362992 ENDOWMENT FUNDS SCHEDULE D, PART V INCLUDED IN NET ASSETS ARE CURRENT QUASI-ENDOWMENT FUNDS WHOSE ASSETS HAVE BEEN DESIGNATED BY THE BOARD OF TRUSTEES TO BE USED FOR OPERATING AND PLANT EXPENSES, RESPECTIVELY. INCLUDED IN TEMPORARILY RESTRICTED NET ASSETS ARE UNSPENT DONOR RESTRICTED GIFTS TO BE USED TO SUPPORT FUTURE OPERATIONS AND EARNINGS ON PERMANENTLY RESTRICTED ENDOWMENTS, WHICH WILL BE SPENT IN ACCORDANCE WITH THE TERMS OF THE ENDOWMENT IN SUBSEQUENT PERIODS. INCLUDED IN PERMANENTLY RESTRICTED NET ASSETS ARE ENDOWMENT FUNDS WHICH INCLUDE ASSETS WHOSE EARNINGS HAVE BEEN DONOR-RESTRICTED FOR THE FOLLOWING PURPOSES: 1. SCHOLARSHIP ENDOWMENT FUND FOR NAMED SCHOLARSHIP TO STUDENTS; 2. GERALDINE D. RIORDAN ENDOWMENT FUND FOR OPERATIONS OF THE GERALDINE D. RIORDAN VOLUNTEER CENTER; 3. SCIENCE ENDOWMENT FUND FOR THE PURCHASE OF EQUIPMENT FOR THE SCIENCE DEPARTMENTS; 4. SETON ENDOWMENT FUND FOR THE OPERATIONS OF THE GRADUATE PROGRAM IN EDUCATION; 5. MALONEY ENDOWMENT FUND FOR FACULTY DEVELOPMENT. FIN 48 SCHEDULE D, PART X THE COLLEGE HAS BEEN CLASSIFIED BY THE INTERNAL REVENUE SERVICE AS 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. ACCORDINGLY, NO PROVISION FOR INCOME TAXES WAS REQUIRED FOR 2011 AND 2010. 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. RECONCILIATION OF CHANGE IN NET ASSETS SCHEDULE D, PART XI, LINE 8 INCOME RECLASSES FROM RESTRICTED ($158,039) FUNDRAISING EXPENSES NETTED OUT FOR 990 $92,703 CHANGE IN VALUE OF SPLIT INTEREST AGREEMENT $16,229 ROUNDING ($2) --------- OTHER ,LINE 8 ($49,109) ======== RECONCILIATION OF REVENUE SCHEDULE D, PART XII,LINE 4B STUDENT AID $8,999,512 FUNDRAISING EXPENSES NETTED OUT FOR 990 ($92,703) INCOME RECLASSES FROM RESTRICTED $158,039 ROUNDING $2 ----------- OTHER,LINE 4B $9,064,850 ----------- SCHEDULE D, PART XII, LINE 2D: CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS 16,229 RECONCILIATION OF EXPENSES SCHEDULE D, PART XIII STUDENT AID, $8,999,512. true true true true true true true false false false false false false false false false false true NON-DISCRIMINATORY POLICY SCHEDULE E, PART I THE INSTITUTION'S RACIALLY NON-DISCRIMINATORY POLICY IS DISCLOSED IN ALL ADMISSION MATERIAL, THE OFFICIAL COLLEGE CATALOG, PUBLIC ANNOUNCEMENTS, ETC. X X X X X X X true RUFFALOCODY ASSOCIATES PHONATHON DIRECT MAIL false 84727 25025 59702 84727 25025 59702 BENEFIT DINNER 185107 132190 52917 20638 1700 16001 GOLF OUTING 20635 11725 8910 12053 13931 1 17176 5700 11476 19840 16025 222918 149615 73303 32691 21540 45957 100188 -26885 19400 9650 3603 false 19400 9650 3603 13253 6147 NJ true false false false 1.00000 ERIC BECHER 2 CONVENT ROAD MORRISTOWN NJ 07960 false false true SCHOLARSHIPS 1026 8999512 FINANCIAL AID GRANTS AND OTHER ASSISTANCE SCHEDULE I PART IV THE COLLEGE (PRIMARILY THE FINANCIAL AID DEPARTMENT) MONITORS STUDENTS' FILES TO ENSURE THAT THEY RECEIVE THE NECESSARY FINANCIAL AID ASSISTANCE BASED ON GRADES, COURSE OF STUDY, FINANCIAL NEED, ETC. STUDENT FILES ARE REVIEWED ON AN ANNUAL BASIS TO ENSURE THAT THEY MEET ELIGIBILITY REQUIREMENTS. X true true X false false false false false false false false false CAMMARATA MARIA 141217 0 0 0 129 0 7250 0 6301 0 154897 0 0 0 DLUGOS JAMES S 139497 0 0 0 45 0 7000 0 10582 0 157124 0 0 0 PRESIDENT'S COMPENSATION SCHEDULE J, PART I THE PRESIDENT OF THE COLLEGE IS A MEMBER OF A RELIGIOUS ORDER AND DOES NOT RECEIVE A SALARY BUT RATHER A STIPEND. COMPENSATION IS PAID DIRECTLY TO THE PRESIDENT'S RELIGIOUS ORDER. HOUSING ALLOWANCE SCHEDULE J, PART I THE ORGANIZATION PROVIDES A RESIDENCE FOR THE PERSONAL USE OF THE PRESIDENT OF THE COLLEGE. THE FMV OF THE USE OF THAT RESIDENCE HAS BEEN INCLUDED IN THE PRESIDENT'S NON-TAXABLE BENEFITS. HIGHEST COMPENSATED 990 PART VII, SECTION A VALERIE SCOTT'S COMPENSATION IS PARTIALLY FUNDED ($15,372) BY A GRANT FROM THE STATE OF NEW JERSEY FOR ADMINISTERING THE MINORITY ACADEMIC CAREERS (MAC) PROGRAM. NJEFA 221829511 646065SM5 2008-05-29 24090000 TAX EXEMPT REVENUE BOND false false false 0 0 24090000 625494 0 0 345774 0 0 23118732 0 0 2009 true false true true false false false false false 0.00000 0.00000 0.00000 true false true false 0. false 0. false false X 11 39431 FMV X FURNITURE 1 15500 FMV X DIGITAL BROADCAST SERVER 1 5950 FMV X ART BOOKS 1 150 FMV X GUITAR 1 113 FMV 0 false true true USE OF THIRD PARTIES SCHEDULE M, LINE 32B THE ORGANIZATION USES THIRD PARTY BROKERS TO SELL PUBLICLY TRADED SECURITIES RECEIVED AS DONATIONS. ORGANIZATION'S MISSION PART III, LINE 1 THE MISSION OF THE COLLEGE OF THE SAINT ELIZABETH, SPONSORED BY THE SISTERS OF CHARITY, IS TO BE A COMMUNITY OF LEARNING IN THE CATHOLIC LIBERAL ARTS TRADITION FOR STUDENTS OF DIVERSE AGES, BACKGROUNDS, AND CULTURES. PROGRAM SERVICE PART III, LINE 4A THE COLLEGE OF SAINT ELIZABETH IS A COLLEGE IN THE CATHOLIC, LIBERAL ARTS TRADITION. FOUNDED IN 1899 BY THE SISTERS OF CHARITY OF SAINT ELIZABETH, THE COLLEGE OF SAINT ELIZABETH IS THE OLDEST FOUR-YEAR LIBERAL ARTS COLLEGE FOR WOMEN IN THE STATE OF NEW JERSEY AND ONE OF THE FIRST CATHOLIC COLLEGES IN THE UNITED STATES TO AWARD DEGREES TO WOMEN. IN 1903, THE COLLEGE BESTOWED ITS FIRST BACCALAUREATE DEGREES TO A CLASS OF FOUR WOMEN. TODAY WITH MORE THAN 15,000 GRADUATES, THE COLLEGE REMAINS STRONG, WITH A CONSISTENT ENROLLMENT AND A VITAL PURPOSE: TO PROVIDE A VALUE-CENTERED EDUCATION THAT RESPONDS TO TODAY'S SOCIETY'S NEEDS WHILE REMAINING TRUE TO ITS MISSION. THE COLLEGE OFFERS 25 UNDERGRADUATE DEGREES, INCLUDING THREE COMBINED BACHELOR/MASTERS DEGREES. AMONG THESE 25 UNDERGRADUATE DEGREE PROGRAMS, SEVERAL ARE COED AND OFFER CLASSES IN THE EVENING AND ON WEEKENDS. STUDENTS CAN CHOOSE FROM 10 MASTERS PROGRAMS, OF WHICH JUSTICE ADMINISTRATION AND PUBLIC SERVICE ARE OFFERED ONLINE. THE COLLEGE ALSO HAS ONE DOCTORAL LEVEL PROGRAM, AN ED.D IN EDUCATIONAL LEADERSHIP. GOVERNANCE RELATIONSHIP PART VI, LINE 2: TRUSTEE FRANCIS J. MERTZ AND LYNN M. MERTZ HAVE A FAMILY RELATIONSHIP. 990 REVIEW POLICY PART VI, LINE 11A THE RETURN IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM BASED ON INFORMATION PROVIDED BY THE ORGANIZATION AND IN CONSULTATION WITH THE ORGANIZATION'S STAFF. THE DRAFT PREPARED BY THE ACCOUNTING FIRM IS THEN CAREFULLY REVIEWED BY THE ORGANIZATION. THE DOCUMENT IS FURTHER REVIEWED AND APPROVED BY THE FINANCE COMMITTEE OF THE BOARD OF TRUSTEES AND THEN PROVIDED TO THE BOARD OF TRUSTEES OF THE COLLEGE. IT IS FILED WITH THE INTERNAL REVENUE SERVICE AND SUBSEQUENTLY AVAILABLE ON GUIDESTAR.ORG. CONFLICT OF INTEREST POLICY PART VI, LINE 12C OFFICERS, DIRECTORS, AND SELECTED EMPLOYEES (BASED ON THEIR LEVEL OF RESPONSIBILITY) ARE ANNUALLY REQUIRED TO COMPLETE A CONFLICT OF INTEREST FORM. THESE FORMS ARE SENT DIRECTLY TO THE DIRECTOR OF HUMAN RESOURCES WHO THEN REVIEWS THEM WITH THE PRESIDENT AND THE VICE PRESIDENT FOR FINANCE AND ADMINISTRATION. THE TRUSTEES' CONFLICT OF INTEREST FORMS ARE REVIEWED DIRECTLY BY THE PRESIDENT OF THE COLLEGE. COMPENSATION Part VI, line 15 THE PRESIDENT OF THE COLLEGE IS A MEMBER OF A RELIGIOUS COMMUNITY AND DOES NOT RECEIVE A SALARY BUT RATHER A STIPEND. COMPENSATION OF OFFICERS OR KEY EMPLOYEES OF THE ORGANIZATION IS DETERMINED BY INDEPENDENT PERSONS WHO REVIEW DATA INCLUDED ON: FORM 990 OF OTHER SIMILAR ORGANIZATIONS, COMPENSATION SURVEY DATA SUPPLIED BY THE COLLEGE AND UNIVERSITY PROFESSIONAL ASSOCIATION FOR HUMAN RECOURCES (CUPA-HR), AND BENCHMARK DATA OF PEER AND ASPIRANT INSTITUTIONS. THE DIRECTOR OF HUMAN RESOURCES COORDINATES THE PROCESS AND HOUSES THE AFOREMENTIONED SUPPORTING DOCUMENTS. GOVERNING DOCUMENTS PART VI, LINE 19 THE ORGANIZATION MAKES ITS CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. THE GOVERNING DOCUMENTS ARE HOUSED IN THE PRESIDENT'S OFFICE AND ARE ALSO AVAILABLE TO THE PUBLIC UPON REQUEST. OTHER CHANGES IN NET ASSETS PART XI, LINE 5 NET UNREALIZED GAINS ON INVESTMENTS $4,083,743 CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 16,229 FUNDRAISING EXPENSES NETTED OUT FOR 990 92,703 INCOME RECLASSES FROM RESTRICTED (158,039) ROUNDING (2) ------------ TOTAL $4,034,634 ============ GFS PO BOX 15627 WILMINGTON DE 19850 526880707 TRUST NJ RBC TRUST CO TRUST 0 203036 0.67000 MM 1 COURT SQUARE LONG ISLAND NY 11120 TRUST NJ CITIGROUP TRUST TRUST 0 67188 1.00000 false false false false false false false false false false false false false false false false false false