2026-05-13T16:25:05-05:00 2025-06-30 991856619 GRANT THORNTON ADVISORS LLC 757 THIRD AVENUE NEW YORK NY 10017 990 2024-07-01 221500645 SETON HALL UNIVERSITY SETO 9737619318 400 SOUTH ORANGE AVENUE SOUTH ORANGE NJ 07079 EDWARD J BISHOF MBA VP FINANCE/CFO 9737619318 2026-05-13 1 0 DANIEL ROMANO P00504182 2125429609 2024 2025-03-06 01:10:19Z MONSIGNOR JOSEPH REILLY 400 SOUTH ORANGE AVENUE SOUTH ORANGE NJ 07079 925196000 0 0928 X WWW.SHU.EDU X 1856 NJ SETON HALL UNIVERSITY IS A CATHOLIC INSTITUTION OF HIGHER EDUCATION 39 30 4305 956 1616000 28715 64922000 78994000 459288000 485221000 23829000 75674000 15774000 16943000 563813000 656832000 210753000 229709000 0 0 199415000 212481000 180000 0 9852000 140342000 143236000 550690000 585426000 13123000 71406000 921688000 945344000 369131000 353845000 552557000 591499000 X SEE SCHEDULE O - PART III, LINE 1 0 0 387699000 211701000 489451000 EDUCATIONAL - SETON HALL UNIVERSITY OPERATES TO PROVIDE BACCALAUREATE, MASTERS, AND DOCTORAL DEGREES. DAY AND EVENING SESSIONS ACCOMMODATE BOTH COMMUTER AND RESIDENTIAL STUDENTS ON A PART-TIME AND FULL TIME BASIS. 117091000 16837000 9055000 ACADEMIC SUPPORT AND STUDENT SERVICES - ACADEMIC SUPPORT PROVIDES SUPPORT SERVICES, SUCH AS LIBRARIES, ACADEMIC TECHNOLOGY, FACULTY CURRICULUM DEVELOPMENT, FOR ITS PRIMARY MISSIONS OF INSTRUCTION, RESEARCH AND PUBLIC SERVICE. STUDENT SERVICES PROVIDE VARIOUS SERVICES TO STUDENTS, SUCH AS COUNSELING, CAREER GUIDANCE, FINANCIAL AID, STUDENT RECORDS, HEALTH SERVICES AND TRANSPORTATION, WHICH CONTRIBUTE TO THE STUDENTS' EMOTIONAL AND PHYSICAL WELL-BEING AND TO THEIR INTELLECTUAL, CULTURAL AND SOCIAL DEVELOPMENT OUTSIDE THE CONTEXT OF THE UNIVERSITY'S FORMAL INSTRUCTIONAL PROGRAMS. 12297000 1171000 216000 RESEARCH, TRAINING & PUBLIC SERVICES - ENABLES FACULTY TO EXPLORE NEW AREAS OF EDUCATION, LEARNING AND KNOWLEDGE AND PROVIDES NON-INSTRUCTIONAL SERVICES TO INDIVIDUALS AND GROUPS EXTERNAL TO THE UNIVERSITY. THE UNIVERSITY ALSO OFFERS FINANCIAL SUPPORT TO STUDENTS THROUGH ACADEMIC SCHOLARSHIPS AND WORK-STUDY PROGRAMS, WHICH ARE FUNDED BY FEDERAL, STATE AND PRIVATE GRANTS. 517087000 1 1 0 1 0 0 0 1 0 1 1 1 0 0 1 1 1 0 1 1 1 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 1 0 1 1 1 1 0 0 0 1 0 0 0 1 684 0 1 4305 1 1 1 0 0 0 0 1 1 0 0 0 0 1 0 X 39 30 0 0 0 0 0 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 CO MA MD MI NH NY SC WA WI X X X EDWARD J BISHOF MBA 9737619343 400 SOUTH ORANGE AVENUE SOUTH ORANGE NJ 07079 MONSIGNOR JOSEPH REILLY STL PHD PRESIDENT/REGENT/TRUSTEE 60.00 X X 39392 0 131158 MONSIGNOR GERARD MCCARREN TRUSTEE/RECTOR/DEAN 45.00 X 50454 0 78512 REVEREND BRIAN MUZAS REGENT/TRUSTEE/ASST PROFESSOR 45.00 X 35456 0 78431 REVEREND JOHN J CHADWICK REGENT/TRUSTEE 45.00 X 1000 0 54940 MONSIGNOR PETER SMUTELOVIC TRUSTEE 1.00 X 0 0 49525 ALISA NORRIS REGENT 1.00 X 0 0 0 ANTHONY MASHERELLI REGENT 1.00 X 0 0 0 BONNIE A EVANS REGENT 1.00 X 0 0 0 BRIAN T FITZPATRICK REGENT 1.00 X 0 0 0 CARDINAL JOSEPH W TOBIN CSSR REGENT / TRUSTEE 1.00 X 0 0 0 DR GERALD P BUCCINO REGENT-EMERITUS 1.00 X 0 0 0 EDWARD C CERNY REGENT 1.00 X 0 0 0 HELEN LERNER REGENT-EMERITUS 1.00 X 0 0 0 HENRY F D'ALESSANDRO REGENT / TRUSTEE 1.00 X 0 0 0 AMY NOVAK REGENT 1.00 X 0 0 25190 JAMES T BOYLE JR REGENT 1.00 X 0 0 0 JOSEPH HUGHES REGENT 1.00 X 0 0 0 JOSEPH P LASALA ESQ REGENT-EMERITUS 1.00 X 0 0 0 KEVIN J MCMAHON REGENT 1.00 X 0 0 0 KEVIN P FLOOD REGENT 1.00 X 0 0 0 LEO J ZATTA REGENT / TRUSTEE 1.00 X 0 0 0 MARY PAT CHRISTIE REGENT 1.00 X 0 0 0 MATTHEW W WRIGHT REGENT / TRUSTEE 1.00 X 0 0 0 MICHAEL J LUCCIOLA REGENT / TRUSTEE 1.00 X 0 0 0 MOST REVEREND DENNIS JSULLIVAN REGENT 1.00 X 0 0 0 MOST REVEREND JAMES F CHECCHIO REGENT 1.00 X 0 0 0 MOST REVEREND KEVIN J SWEENEY REGENT 1.00 X 0 0 0 MOST REVEREND KURT R BURNETTE REGENT / TRUSTEE 1.00 X 0 0 0 PAT WALSH REGENT 1.00 X 0 0 0 PATRICK M MURRAY REGENT 1.00 X 0 0 0 RICHARD A GIUDITTA JR REGENT 1.00 X 0 0 0 ROBERT B BUDELMAN ESQ TRUSTEE 1.00 X 0 0 0 ROBERT S BASSO REGENT 1.00 X 0 0 0 SR MAUREEN SHAUGHNESSY SC TRUSTEE 1.00 X 0 0 0 SR SHARON A EUART RSM TRUSTEE 1.00 X 0 0 0 STEPHEN G WALDIS REGENT 1.00 X 0 0 0 STEPHEN P LOUGHREY REGENT / TRUSTEE 1.00 X 0 0 0 THOMAS TRAN REGENT 1.00 X 0 0 0 MOST REVEREND JOSEPH WILLIAMS REGENT 1.00 X 0 0 0 JEFF PAGANO REGENT 1.00 X 0 0 0 PATRICK COZZA REGENT 1.00 X 0 0 0 PAUL TYAHLA REGENT 1.00 X 0 0 0 PATRICK G LYONS MBA EVP OPER. & CHIEF OF STAFF 60.00 X 1191003 0 146931 KATIA PASSERINIPHD PROVOST AND SR. 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FINANCE & CFO 50.00 X 508804 0 5725 KATHLEEN BOOZANG JD LLM FORMER DEAN, SCHOOL OF LAW 45.00 X 275257 0 38928 PETER W SHOEMAKER PHD FORMER DEAN COLLEGE OF ART 45.00 X 146764 0 61689 12081570 0 2205576 447 1 1 0 TORCON 328 NEWMAN SPRINGS ROAD STE 5 RED BANK NJ 07701 GENERAL CONTRACTING 31047865 GOURMET DINING LLC 400 SOUTH ORANGE AVE SOUTH ORANGE NJ 07079 FOOD SERVICES 12582628 GDI SERVICES 530 7TH AVE 601 NEW YORK NY 10018 HOUSEKEEPING 5475008 ASPIRE TECHNOLOGY PARTNERS LLC 25 JAMES WY EATONTOWN NJ 07724 TECHNOLOGY 3712773 SHI INTERNATIONAL CORP 290 DAVIDSON AVE SOMERSET NJ 08873 TECHNOLOGY 2020559 35 669000 56018000 22307000 1253000 78994000 TUITION AND FEES 900099 443630000 443630000 ROOM AND BOARD 900099 41375000 41375000 GOV. AGENCY CONTRACTS 900099 216000 216000 485221000 9356000 784000 8572000 761000 761000 117000 117000 131000 35000 96000 96000 96000 333213000 48000 267609000 95000 65604000 -47000 65557000 65557000 383000 669000 625000 -242000 -242000 NCAA/CONF. DISTRIB. 900099 5047000 5047000 ATHLETIC REVENUE 900099 4008000 4008000 PARKING 812930 1663000 1663000 6254000 4446000 832000 976000 16972000 656832000 498722000 1616000 77500000 1280000 1280000 228429000 228429000 8167000 4239000 3099000 829000 1090000 980000 110000 147814000 124880000 18248000 4686000 8250000 6970000 1018000 262000 36176000 29549000 5208000 1419000 10984000 9283000 1355000 346000 208000 208000 1531000 8000 1523000 407000 407000 241000 241000 2449000 2449000 35520000 31288000 3442000 790000 2718000 1887000 779000 52000 7572000 4616000 2444000 512000 6814000 1773000 5038000 3000 13500000 13500000 9227000 8251000 705000 271000 4214000 3366000 640000 208000 10615000 10533000 82000 25587000 24098000 1392000 97000 4885000 279000 4606000 REPAIRS AND MAINTENANCE 8411000 6983000 1245000 183000 ALL OTHER EXPENSES 4380000 1410000 2784000 186000 BOOKS AND SUBSCRIPTIONS 3341000 3277000 56000 8000 BAD DEBT EXPENSE 1616000 1616000 585426000 517087000 58487000 9852000 87620000 87598000 30504000 21850000 5259000 6104000 1179000 407000 22365000 24989000 757124000 381533000 357915000 375591000 149619000 95395000 208284000 300697000 58943000 32713000 921688000 945344000 55717000 51336000 16762000 14214000 177067000 173680000 119585000 114615000 369131000 353845000 X 287322000 300105000 265235000 291394000 552557000 591499000 921688000 945344000 X 71406000 -33169000 705000 X 0 1 X 1 1 1 X 56312000 70128000 66745000 64922000 78994000 337101000 56312000 70128000 66745000 64922000 78994000 337101000 193340 336907660 2675000 1780000 9112000 12415000 9546000 35528000 690000 1265000 2719000 3935000 1616000 10225000 1792000 2141000 2679000 2845000 3022000 12479000 395333000 2267324000 0.85220 0.85940 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: INCOME FUND RAISING EVENTS - 2020 AMOUNT: $ 185,000. 2021 AMOUNT: $ 321,000. 2022 AMOUNT: $ 370,000. 2023 AMOUNT: $ 579,000. 2024 AMOUNT: $ 383,000. PARKING - 2020 AMOUNT: $ 550,000. 2021 AMOUNT: $ 1,383,000. 2022 AMOUNT: $ 1,472,000. 2023 AMOUNT: $ 1,544,000. 2024 AMOUNT: $ 1,663,000. SALE OF NJ TAX CREDITS - 2020 AMOUNT: $ 1,000,000. 2021 AMOUNT: $ 350,000. 2022 AMOUNT: $ 732,000. 2023 AMOUNT: $ 632,000. 2024 AMOUNT: $ 540,000. OTHER INCOME - 2020 AMOUNT: $ 57,000. 2021 AMOUNT: $ 87,000. 2022 AMOUNT: $ 105,000. 2023 AMOUNT: $ 90,000. 2024 AMOUNT: $ 436,000. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 0 1 1200 0 1 23008 1 217200 0 0 241408 0 PART II, LINE 1, LOBBYING ACTIVITIES : SETON HALL UNIVERSITY LOBBIED STATE LEGISLATORS REGARDING ANNUAL INDEPENDENT COLLEGE APPROPRIATIONS AND AID FOR INDEPEPENDENT COLLEGE STUDENTS. EFFORTS CONSISTED OF DIRECT MAILINGS, PHONE CALLS AND PERSONAL MEETINGS, MEMBERS OF CONGRESS WERE CONTACTED REGARDING STUDENT AID AND GRANTS FOR VARIOUS UNIVERSITY PROGRAMS. THE UNIVERSITY'S STAFF IS INVOLVED IN LOBBYING EFFORTS. THE VALUE OF THAT STAFF TIME IS APPROXIMATELY $36,442. THOSE COSTS HAVE BEEN REPORTED ON PART IX LINE 7 (OTHER SALARIES AND WAGES) AND NOT SEPARATELY IDENTIFIED ON LINE 11 (D) IN PART IX, STATEMENT OF FUNCATIONAL EXPENSES. 1834000 X X X 0 369807000 15513000 34336000 4970000 9708000 1111000 403867000 335817000 6501000 39743000 3759000 10564000 2069000 369807000 317919000 13635000 21753000 3787000 9948000 3755000 335817000 336330000 28465000 -30013000 3206000 9469000 4188000 317919000 270000000 7963000 74306000 3291000 8438000 4210000 336330000 0.37150 0.37000 0.25850 1 0 5269000 5269000 654302000 321429000 332873000 142000 36000 106000 81457000 60068000 21389000 15954000 15954000 375591000 OUTSIDE TRUSTS 12006000 F HEDGE FUNDS 190709000 F PRIVATE EQUITY 19548000 F VENTURE CAPITAL 6763000 F LIQUID FIXED INCOME 9273000 F ILLIQUID FIXED INCOME 29381000 F OPPURTUNISTIC 19136000 F REAL ASSETS 13881000 F 300697000 REFUNDABLE U.S. GOV'T GRANTS 972000 CONDITIONAL ASSET RETIREMENT OBLIGATIONS 10901000 OTHER LIABILITIES, NET 6759000 OPERATING LEASE LIABILITIES 492000 FINANCE LEASE LIAB/SECURED BORROWING ARRANGEMENT 13717000 TAXABLE BONDS PAYABLE 81774000 114615000 X 399884000 -33169000 1123000 204000 -31842000 431726000 2449000 222657000 225106000 656832000 360942000 1123000 159000 1282000 359660000 2449000 223317000 225766000 585426000 PART III, LINE 4: COLLECTIONS ARE COMPOSED OF: A MURAL, ANCIENT GREEK AND ROMAN COINS, BOOK COLLECTIONS, PAINTINGS, WILD LIFE ART COLLECTIONS, AND A SPECIAL COLLECTION OF RESEARCH PAPERS. COLLECTIONS ARE UTILIZED BY STUDENTS, FACULTY, ADMINISTRATORS AND THE GENERAL PUBLIC. THEIR USAGE HELPS ACHIEVE THE ULTIMATE GOAL OF ADVANCING THE EDUCATIONAL AND RESEARCH MISSION OF THE UNIVERSITY. PART V, LINE 4: ENDOWMENT FUNDS SUPPORT THE UNIVERSITY'S MISSION BY PROVIDING A SUSTAINABLE FLOW OF FUNDS TO ANNUAL OPERATIONS. THIS SUPPORT INCLUDES FUNDS FOR SCHOLARSHIPS AND FOR SPECIFIC ACADEMIC PROGRAMS. THE UNIVERSITY HAS ADOPTED AN ENDOWMENT SPENDING POLICY DESIGNED TO PROVIDE A PREDICTABLE FLOW OF FUNDS TO OPERATIONS. THE POLICY IS INTENDED TO BALANCE CURRENT SPENDING NEEDS AND PRESERVE THE ENDOWMENT'S FUTURE PURCHASING POWER. THE UNIVERSITY APPLIES A 4.5% SPENDING RATE TO A THREE-YEAR MOVING AVERAGE OF ENDOWMENT INVESTMENT FUNDS. THE BOARD OF REGENTS SETS THE SPENDING RATE. THE PURPOSE OF USING A MOVING AVERAGE IS TO SMOOTH OUT ANY WIDE FLUCTUATIONS IN THE MARKET VALUE. ENDOWMENT EARNINGS IN EXCESS OF THE SPENDING RATE ARE ADDED BACK TO THE PRINCIPAL OF THE ENDOWMENT INVESTMENTS. IN YEARS WHEN YIELD EXCEEDS THE AMOUNT APPROPRIATED UNDER THE SPENDING POLICY THE EXCESS IS RETURNED TO PRINCIPAL AS APPRECIATION. WHEN ANNUAL YIELD IS INSUFFICIENT TO SUPPORT SPENDING APPROPRIATIONS, THE BALANCE IS PROVIDED FROM ACCUMULATED APPRECIATION. SPECIAL ALLOCATIONS MAY BE MADE FOR CERTAIN PURPOSES IN ADDITION TO THE SPENDING RATE, AS APPROVED BY THE UNIVERSITY'S BOARD OF REGENTS. THERE WERE NO SPECIAL ALLOCATION MADE IN THE YEAR ENDED JUNE 30, 2025. PART X, LINE 2: THE UNIVERSITY HAS ADOPTED THE PROVISIONS OF THE ASC 740, ACCOUNTING FOR UNCERTAINTIES IN INCOME TAXES. ASC 740-10 CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN, INCLUDING ISSUES RELATING TO FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT. THIS SECTION PROVIDES THAT THE TAX EFFECTS FROM AN UNCERTAIN TAX POSITION CAN BE RECOGNIZED IN THE FINANCIAL STATEMENTS ONLY IF THE POSITION IS "MORE-LIKELY-THAN-NOT" TO BE SUSTAINED IF THE POSITION WERE TO BE CHALLENGED BY A TAXING AUTHORITY. THE ASSESSMENT OF THE TAX POSITION IS BASED SOLELY ON THE TECHNICAL MERITS OF THE POSITION, WITHOUT REGARD TO THE LIKELIHOOD THAT THE TAX POSITION MAY BE CHALLENGED. THE UNIVERSITY IS EXEMPT FROM FEDERAL AND NEW JERSEY STATE INCOME TAXATION BY VIRTUE OF BEING AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3) OF THE IRC AND SIMILAR PROVISIONS OF THE NEW JERSEY STATE TAX CODE. NEVERTHELESS, THE UNIVERSITY MAY BE SUBJECT TO TAX ON INCOME UNRELATED TO ITS EXEMPT PURPOSE, UNLESS THAT INCOME IS OTHERWISE EXCLUDED BY THE CODE. THE UNIVERSITY BELIEVES THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS WITHIN ITS FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 204,000. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 223,317,000. SPECIAL EVENTS EXPENSE -625,000. RENTAL EXPENSE OF -35,000. PART XII, LINE 2D - OTHER ADJUSTMENTS: PROVISION FOR PLEDGES 159,000. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 223,317,000. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE UNIVERSITY'S RACIALLY NONDISCRIMINATORY POLICY APPEARS IN ITS UNDERGRADUATE AND GRADUATE CATALOGS, AS WELL AS IN THE ADMISSION PROSPECTUS. IT IS ALSO ON THE UNIVERSITY'S WEBSITE. SCHEDULE E, PART I, LINE 6 THE UNIVERSITY PARTICIPATES IN VARIOUS FEDERAL AND STATE FINANCIAL AID PROGRAMS, WHICH INCLUDE, BUT ARE NOT LIMITED TO THE FOLLOWING PROGRAMS: FEDERAL DIRECT LENDING PROGRAM, FEDERAL PELL GRANT, FEDERAL COLLEGE WORK STUDY, FEDERAL SUPPLEMENTAL EDUCATION OPPORTUNITY GRANT, N.J STATE TUITION ASSISTANCE GRANT AND N.J. STATE EDUCATION OPPORTUNITY FUND. CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 INVESTMENTS 77139443 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 INVESTMENTS 15185732 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 1 PROGRAM SERVICES ADJUNCT PROFESSOR 7900 0 1 0 0 0 1 92333075 0 92333075 1 0 1 1 1 0 PART I, LINE 3, PART IV, LINES 1, 3, 4, AND 5 BY VIRTUE OF ITS INVESTMENTS IN VARIOUS LIMITED PARTNERSHIP INVESTMENTS, SETON HALL UNIVERSITY MAY INVEST IN PASSIVE FOREIGN INVESTMENT COMPANIES AND/OR FOREIGN PARTNERSHIPS; TO THE EXTENT THE UNIVERSITY IS REQUIRED TO FILE THE FORMS 926, 5471, OR 8865, THOSE FOREIGN FORMS WERE ATTACHED TO THE UNIVERSITY'S FORM 990-T. MANY ARE ONE 208000 167000 41000 50000 5000 5000 72000 LS DINNER DANCE 190000 138000 52000 2000 63000 17000 13 654000 364000 290000 250000 45000 6000 110000 1052000 669000 383000 302000 113000 11000 199000 625000 -242000 1 TOWNSHIP OF SOUTH ORANGE VILLAGE 76 S ORANGE AVE SOUTH ORANGE NJ 07079 226002309 115 593000 0 GENERAL PURPOSE TOWNSHIP OF NUTLEY 1 KENNEDY DRIVE NUTLEY NJ 07110 226002167 115 282000 0 GENERAL PURPOSE TOWNSHIP OF CLIFTON 900 CLIFTON AVE CLIFTON NJ 07013 222940857 115 352000 0 GENERAL PURPOSE SOMA CROSS CULTURAL WORKS INC 572 PROSPECT ST MAPLEWOOD NJ 07040 822722982 501(C)(3) 8000 0 GENERAL PURPOSE SOUTH ORANGE RESCUE SQUAD 62 SLOAN STREET SOUTH ORANGE NJ 07079 226077379 501(C)(3) 10000 0 GENERAL PURPOSE THE SHRINE OF ST JOSEPH 1050 LONG HILL RD STIRLING NJ 07980 520591670 501(C)(3) 10000 0 GENERAL PURPOSE LORAS COLLEGE 1450 ALTA VISTA ST DUBUQYE IA 52001 420680412 501(C)(3) 10000 0 GENERAL PURPOSE 7 0 FEDERAL AWARDS 2799 18186000 STATE OF NEW JERSEY AWARDS 2351 21033000 INSTITUTIONAL SUPPORT 18782 189210000 PART I, LINE 2 ALL UNIVERSITY SPENDING MUST BE APPROVED BY A MANAGER OR HIGHER LEVEL, DEPENDING ON THE AMOUNT OF THE EXPENDITURE. ANY EXPENDITURE OF $1,000 OR ABOVE WOULD HAVE TO BE APPROVED BY A DEAN OR OTHER BUDGET CENTER MANAGER. AN EXPENDITURE IN EXCESS OF $10,000 MUST BE APPROVED BY A VICE PRESIDENT (OR THAT PERSON'S DESIGNEE) OR THE PRESIDENT. GRANTS OR ASSISTANCE TO OUTSIDE ORGANIZATIONS ARE SEGREGATED IN THE UNIVERSITY'S FINANCIAL ACCOUNTING SYSTEM THROUGH THE USE OF A SEPARATE ACCOUNT CODE, WHICH ALLOWS FOR REVIEW BY UNIVERSITY'S CENTRAL FINANCE DEPARTMENT. SCHOLARSHIPS ARE PROVIDED TO STUDENTS WHO ARE REQUIRED TO MATRICULATE IN THE UNIVERSITY, THEREBY ENSURING THAT THE FUNDS ARE EXPENDED FOR THE INTENDED PURPOSES. X X X X X X 0 1 X X X X X 1 1 0 0 0 0 0 1 0 SHAHEEN HOLLOWAY HEAD COACH MEN'S BASKETBAL 1990176 0 187500 0 42613 0 27600 0 47517 0 2295406 0 0 0 PATRICK G LYONS MBA EVP OPER. & CHIEF OF STAFF 448837 0 245000 0 497166 0 127600 0 19331 0 1337934 0 475000 0 KATIA PASSERINIPHD PROVOST AND SR. EXEC. V.P. 782000 0 85000 0 7766 0 67600 0 1278 0 943644 0 0 0 ALYSSA MCCLOUD PHD SR. VP ENROLL. MGT 372356 0 55000 0 127907 0 67600 0 16962 0 639825 0 120000 0 JON PAPARSENOS V.P. UNIV. ADVANCEMENT 365100 0 36972 0 18232 0 64572 0 100935 0 585811 0 0 0 KIMBERLY A CAPADONA ESQ GENERAL COUNSEL 379356 0 37873 0 7569 0 66420 0 47317 0 538535 0 0 0 ANTHONY J BOZZELLA HEAD COACH WOMEN BASKETBALL 346637 0 102500 0 27655 0 26696 0 33453 0 536941 0 0 0 DONNA M MCMONAGLE FORMER V.P. FINANCE & CFO 64664 0 0 0 444140 0 5173 0 552 0 514529 0 0 0 EDWARD J BISHOF MBA V.P. FINANCE & CFO 485762 0 0 0 4172 0 0 0 579 0 490513 0 0 0 ERIK LILLQUIST JD EVP CHIEF ADMIN OFFICER/DEPUTY PROVO 367154 0 37410 0 8258 0 27600 0 49317 0 489739 0 0 0 BRYAN FELT MA ATHLETICS DIRECTOR 336877 0 55000 0 37813 0 26980 0 5000 0 461670 0 0 0 HENRY AMOROSO ASSOCIATE PROFESSOR 374324 0 0 0 3124 0 27600 0 16962 0 422010 0 0 0 JOHN CORNWELL JDM PHIL INT. DEAN SCH. OF LAW 287845 0 40000 0 21624 0 23867 0 36279 0 409615 0 0 0 MONICA BURNETTE PHD V.P. STUDENT SERVICES 268605 0 26641 0 7569 0 49021 0 49919 0 401755 0 0 0 MATTHEW BOROWICK MBA V.P. UNIV. RELATIONS 279793 0 27186 0 8258 0 22874 0 44919 0 383030 0 0 0 JOYCE A STRAWSER PHD DEAN STILLMAN SCH. OF BUS. 311376 0 0 0 1624 0 25312 0 30729 0 369041 0 0 0 PAUL E FISHER MPA CHIEF INFORMATION OFFICER 245667 0 0 0 555 0 20125 0 93295 0 359642 0 0 0 PAULA ANN FRANZESE PROFESSOR 286067 0 0 0 1624 0 23094 0 27217 0 338002 0 0 0 JONATHAN V FARINA PHD INT. DEAN COL. OF ARTS AND SCI. 267774 0 0 0 362 0 20177 0 47124 0 335437 0 0 0 KATHLEEN BOOZANG JD LLM FORMER DEAN, SCHOOL OF LAW 272133 0 0 0 3124 0 21966 0 16962 0 314185 0 0 0 AMY F NEWCOMBE MED JD E.V.P. BOARD AFFAIRS AND STRATEGY 199372 0 0 0 31020 0 16258 0 50741 0 297391 0 0 0 VICKRAM DAYALU PHD INTERIM DEAN SCHOOL HEALTH 213246 0 0 0 574 0 17520 0 44500 0 275840 0 0 0 RONALD WEICH DEAN OF LAW SCHOOL 230938 0 0 0 1302 0 15000 0 11419 0 258659 0 0 0 RICHARD BRYAN CRABLE PH D DEAN CHDCM 227700 0 0 0 10495 0 0 0 17131 0 255326 0 0 0 PETER W SHOEMAKER PHD FORMER DEAN COLLEGE OF ART 146310 0 0 0 454 0 11069 0 50620 0 208453 0 0 0 MONSIGNOR JOSEPH REILLY STL PHD PRESIDENT/REGENT/TRUSTEE 37759 0 0 0 1633 0 6002 0 125156 0 170550 0 0 0 JOSEPH E NYRE PHD FORMER PRESIDENT/REGENT/TRUST 0 0 0 0 83941 0 0 0 47526 0 131467 0 0 0 PART I, LINE 1A HOUSING AND RELATED SERVICES ARE PROVIDED AT NO CHARGE TO MEMBERS OF ITS PRIEST COMMUNITY, WHICH INCLUDES AN OFFICER AND CERTAIN REGENTS AND TRUSTEES AS REFLECTED IN PART VII OF THE FORM 990. WHERE APPROPRIATE, THE VALUE OF THESE HOUSING AND RELATED BENEFITS IS REFLECTED IN PART VII, SECTION A, COLUMN F AS OTHER COMPENSATION AND IN SCHEDULE J, PART II AS NONTAXABLE BENEFITS FOR THE PRIEST WHO MET THE COMPENSATION REQUIREMENT FOR INCLUSION IN SCHEDULE J. MEMBERSHIP FEES FOR ITS WOMEN'S BASKETBALL COACH, ANTHONY BOZZELLA, ITS ATHLETICS DIRECTOR, BRYAN FELT, ITS EVP/CHIEF OF STAFF, PATRICK G. LYONS, ITS VP ADVANCEMENT, JON PAPARSENOS, AND ITS PRESIDENT, JOSEPH REILLY, WERE PAID BY THE UNIVERSITY TO ASSIST SUCH INDIVIDUALS IN THEIR DUTIES INVOLVING DONOR CULTIVATION AND FUNDRAISING FOR THE UNIVERSITY. THE FEES ASSOCIATED WITH THEIR BUSINESS-RELATED ATTENDANCE ARE INCLUDED IN NONTAXABLE BENEFITS IN SCHEDULE J, PART II. TO THE EXTENT OF ANY PERSONAL USAGE OF SAME, A PORTION OF THESE FEES ARE INCLUDED IN THE RECIPIENT'S TAXABLE INCOME. CERTAIN MEMBERS OF THE UNIVERSITY, INCLUDING ITS PRESIDENT, MEN'S AND WOMEN'S BASKETBALL COACHES, AND OTHER MEMBERS OF THE EXECUTIVE CABINET, ARE PERMITTED TO HAVE THEIR SPOUSES, IF APPLICABLE ACCOMPANY THEM TO A LIMITED NUMBER OF UNIVERSITY BUSINESS EVENTS, INCLUDING FUNDRAISING AND ALUMNI EVENTS. WHERE APPROPRIATE, THE VALUE OF PERSONAL TRAVEL BENEFITS IS INCLUDED IN THE RECIPIENT'S TAXABLE INCOME. CERTAIN MEMBERS OF THE UNIVERSITY AND ITS BOARD OF TRUSTEES INCLUDING ITS PRESIDENT, EVP/CHIEF OF STAFF, VP ADVANCEMENT, ATHLETICS DIRECTOR, AND MEN'S AND WOMEN'S BASKETBALL COACHES, TOGETHER WITH THEIR SPOUSES OR FAMILIES, MAY OCCASIONALLY JOIN THE MEN'S OR WOMEN'S BASKETBALL TEAMS ON CHARTERED FLIGHTS TO BASKETBALL TOURNAMENTS OR GAMES. PART I, LINES 4A-B DURING 2024, THE UNIVERSITY MADE END OF TERM PAYMENTS TO TWO EMPLOYEES PURSUANT TO CONTRACT. DUE TO NON-DISCLOSURE PROVISIONS IN THE CONTRACTS, THE UNIVERSITY IS NOT DISCLOSING THE EMPLOYEES' NAMES. HOWEVER, SUCH PAYMENTS ARE PROPERLY DISCLOSED ON FORM 990, PART VII AND SCHEDULE J AS TAXABLE WAGES. CERTAIN KEY EXECUTIVES OF THE UNIVERSITY PARTICIPATE IN ITS 457(F) NON-QUALIFIED DEFERRED COMPENSATION PLAN, WHICH IS INTENDED TO PERMIT THE UNIVERSITY TO ATTRACT AND RETAIN TALENTED INDIVIDUALS WHILE REQUIRING SAME TO GENERALLY SATISFY CERTAIN PERFORMANCE AND EMPLOYMENT CONTINUATION REQUIREMENTS AS A PRECONDITION OF HIS OR HER RECEIPT OF ANY AMOUNTS THEREUNDER. DEFERRED AMOUNTS WHICH MAY BE PAYABLE IN THE FUTURE ARE REFLECTED IN COLUMN C OF SCHEDULE J, PART II FOR THOSE EXECUTIVES WHO MEET THE COMPENSATION REQUIREMENT FOR INCLUSION IN SCHEDULE J, DURING 2024, THE FOLLOWING EXECUTIVES PARTICIPATED IN THE DEFERRED COMPENSATION PLAN: KATIA PASSERINI $40,000 PATRICK LYONS $100,000 ALYSSA MCCLOUD $40,000 KIM CAPADONA $38,820 JON PAPARSENOS $36,972 MONICA BURNETTE $26,642 DURING 2024, THE FOLLOWING EXECUTIVES RECEIVED PAYMENTS FROM THE 457(F) NON-QUALIFIED DEFERRED COMPENSATION PLAN. PAYMENTS MADE IN 2024 ARE REFLECTED IN PART II COLUMN B (III), AND COLUMN F, FOR THOSE EXECUTIVES WHO MEET THE COMPENSATION REQUIREMENT FOR INCLUSION IN SCHEDULE J. PATRICK LYONS $475,000 ALYSSA MCCLOUD $120,000 PART I LINE 7: BONUS COMPENSATION TO CERTAIN MEMBERS OF THE EXECUTIVE CABINET IS AWARDED AT THE DISCRETION OF THE PRESIDENT. BASED ON A COMBINATION OF ORGANIZATIONAL AND INDIVIDUAL PERFORMANCE AND RETENTION. BONUS COMPENSATION TO CERTAIN DEANS IS AWARDED AT THE DISCRETION OF THE PROVOST BASED ON INDIVIDUAL PERFORMANCE. ATHLETIC BONUSES ARE AWARDED BASED UPON TEAM PERFORMANCE, STUDENT-ATHLETE ACADEMIC PERFORMANCE AND RETENTION. PART II THE COMPENSATION INFORMATION REFLECTED IN THE FORM 990 IS BASED ON CALENDAR YEAR 2024 AND WAS PAYABLE (OR DISCLOSABLE, AS THE CASE MAY BE) CONSISTENT WITH THE TERMS OF EACH EXECUTIVE'S UNDERLYING EMPLOYMENT AGREEMENT AS APPLICABLE. A NJEFA - SETON HALL - ISSUE 2020C 221829511 6460667B0 2020-06-18 34025223 SEE PART VI 0 0 0 B NJEFA - SETON HALL-ISSUE 2011A 221829511 646065U83 2011-06-10 37578532 SEE PART VI 0 0 0 C NJEFA - SETON HALL-ISSUE 2017D 221829511 646066V64 2017-06-29 41827193 SEE PART VI 0 0 0 D NJEFA - SETON HALL-ISSUE 2013D 221829511 6460656D9 2013-07-10 43935728 SEE PART VI 0 0 0 A 34025223 2389475 266697 1369051 30000249 2023 0 0 1 1 B 34620000 37578532 421094 37157438 2011 1 0 1 1 C 41827193 348259 41478934 2017 1 0 1 1 D 25323000 43935728 2405009 522076 33208335 7800307 2014 1 0 1 1 A 0 0 0 0 0 0 1 B 0 0 0 0 0 0 1 C 0 0 0 0 0 0 1 D 0 0 0 0 0 0 1 A 1 0 0 0 0 1 B 0 0 0 1 0 0 0 0 1 C 0 0 0 1 0 0 0 0 1 D 0 0 0 1 0 0 0 0 1 A 1 B 1 C 1 D 1 PART IV, LINE 2C REBATE COMPUTATIONS WERE PERFORMED IN JUNE 2025 TIME FRAME FOR ALL SETON HALL UNIVERSITY BOND ISSUES LISTED IN PART I. THE 2023A AND 2024A BONDS ARE PART OF POOLED FINANCINGS AND THE REBATE CALCULATIONS ARE PERFORMED BY THE ISSUER. PART I, COLUMN(F) DESCRIPTION OF PURPOSE: 1. SETON HALL UNIVERSITY ISSUE, 2020 SERIES C (CUSIP 6460667B0), WAS ISSUED BY THE NJEFA TO FUND CAPITAL IMPROVEMENTS ON THE UNIVERSITY'S CAMPUS. 2. SETON HALL UNIVERSITY ISSUE, 2011 SERIES A, (CUSIP NUMBER 646065U83)WAS ISSUED BY THE NJEFA TO CURRENTLY REFUND SETON HALL UNIVERSITY'S 1999 REFUNDING, 2001 SERIES A, 2001 SERIES B, AND 2001 SERIES G BOND ISSUES. 3.SETON HALL UNIVERSITY ISSUE, 2017 SERIES D (CUSIP 646066V64), WAS ISSUED BY THE NJEFA TO REFUND THE UNIVERSITY'S 2008 SERIES D BONDS AND TO PAY $4,872,000 FOR THE TERMINATION OF SWAP AGREEMENTS. 4. SETON HALL UNIVERSITY ISSUE, 2013 SERIES D, (CUSIP 6460656D9) WAS ISSUED BY THE NJEFA TO CURRENTLY REFUND SETON HALL UNIVERSITY'S 2009 C BONDS SOLD DIRECTLY TO CAPITAL ONE, N.A., FINANCE A PORTION OF THE COST OF TERMINATING THE UNIVERSITY'S INTEREST RATE SWAP AGREEMENT WITH CITIBANK, N.A. THAT HEDGED INTEREST RATE EXPOSURE RELATED TO THE 2009 C BONDS, AND TO FINANCE CAPITAL IMPROVEMENTS. 5. SETON HALL UNIVERSITY ISSUE, 2015 C (CUSIP 646066MC1) WAS ISSUED BY THE NJEFA TO ADVANCE REFUND SETON HALL UNIVERSITY'S 2008 SERIES E BONDS. 6. SETON HALL UNIVERSITY ISSUE, 2016 SERIES C (CUSIP 646066B66), WAS ISSUED BY THE NJEFA TO FUND CAPITAL IMPROVEMENTS ON THE UNIVERSITY'S CAMPUS. 7. THE NJEFA ISSUED CIF BONDS, 2016 SERIES B, WERE ISSUED PURSUANT TO A PROGRAM OF THE STATE OF NEW JERSEY TO FINANCE CAPITAL IMPROVEMENTS AT INSTITUTIONS OF HIGHER EDUCATION. THE BONDS WERE ALLOCATED TO TWELVE PRIVATE INSTITUTIONS IN NEW JERSEY. THE UNIVERSITY'S SHARE AFTER ISSUANCE COSTS WAS $1,500,000 OF WHICH $766,748 WAS A GRANT AND $733,252 WAS DEBT REPAYABLE OVER TWENTY YEARS. 8.SETON HALL UNIVERSITY ISSUE, 2021 SERIES D (CUSIP), WAS A PRIVATE PLACEMENT BOND TO REFINANCE SETON HALL UNIVERSITY'S SERIES 2013D BONDS. THIS BOND CONVERTED TO TAX-EXEMPT 7/1/23. 9. THE NJEFA ISSUED ELF BONDS, 2023 SERIES A, WERE ISSUED PURSUANT TO A PROGRAM OF THE STATE OF NEW JERSEY TO FINANCE THE PURCHASE OF HIGHER EDUCATION EQUIPMENT FOR LEASE TO PUBLIC AND PRIVATE INSTITUTIONS OF HIGHER EDUCATION. THE BONDS WERE ALLOCATED TO VARIOUS INSTITUTIONS IN NEW JERSEY. THE UNIVERSITY'S SHARE AFTER ISSUANCE COSTS WAS $1,893,484 OF WHICH $1,420,113 WAS A GRANT AND $473,371 WAS DEBT REPAYABLE OVER TEN YEARS. THE UNIVERSITY EXPECTS TO SPEND THE REMAINING PROCEEDS IN ACCORDANCE WITH THE EXPENDITURE SCHEDULE ESTABLISHED AT THE ISSUANCE. 10. THE NJEFA ISSUED CIF BONDS, 2024 SERIES A ON 12/4/25, REFUNDING CIF 2014B BONDS PREVIOUSLY ISSUED PURSUANT TO A PROGRAM OF THE STATE OF NEW JERSEY TO FINANCE CAPITAL IMPROVEMENTS AT INSTITUTIONS OF HIGHER EDUCATION. THE UNIVERSITY'S PORTION OF THE 2014 B WAS $2,192,165 OF WHICH $1,165,170 WAS GRANT AND $1,014,830 WAS DEBT REPAYABLE OVER 20 YEARS. A NJEFA - SETON HALL-ISSUE 2015C 221829511 646066MC1 2015-07-14 24225807 SEE PART VI 0 0 0 B NJEFA - SETON HALL-ISSUE 2016C 221829511 646066B66 2016-09-15 38059002 SEE PART VI 0 0 0 C NJEFA-SETON HALL-CIF 2016B 221829511 646066F54 2016-12-20 30676062 SEE PART VI 0 0 1 D SETON HALL 2021 SERIES D REFUNDING BONDS 221829511 NONEAVAIL 2021-09-23 11990000 SEE PART VI 0 0 0 A 7575000 24255807 306564 23949243 2015 0 1 1 1 B 38059002 1655530 403472 36000000 2018 0 0 1 1 C 207775 30676062 246539 733252 0 0 1 1 D 11990000 161714 11828286 2023 1 0 1 1 A 0 0 0 0 0 0 1 B 0 0 0 0 0 0 1 C 0 0 0 0 0 0 1 D 0 0 0 0 0 0 1 A 0 0 0 1 0 0 0 0 1 B 0 0 0 1 0 0 0 0 1 C 0 0 0 1 0 0 0 0 1 D 0 1 0 0 0 0 0 0 1 A 1 B 1 C 1 D 1 A NJEFA-SETON HALL-ELF 2023A 221829511 646067FW3 2023-10-05 2015165 SEE PART VI 0 0 1 B NJEFA-SETON HALL-CIF 2024A 221829511 NONEAVAIL 2024-12-04 1206892 SEE PART VI 0 0 1 A 49346 2015165 15165 2000000 0 0 0 1 B 1206892 1199767 7125 0 0 0 1 A 0 0 0 0 0 0 1 B 0 0 0 0 0 0 1 A 0 0 0 1 0 0 0 0 1 B 0 0 0 1 0 0 0 0 1 A 1 B 1 TOTAL OF 6 322862 SCHOLARSHIP/TUITION REMISSION EDUCATION MARY EILEEN FISHER SPOUSE OF KEY EMPLOYEE 110613 COMP & BENE 0 JOSEPH HUGHES VENDOR 50% OWNED BY REGENT 110687 TRANSPORTATION SERVICES 0 JOSEPH P LASALA ESQ REGENT LAW FIRM PTR. 38541 LEGAL SERVICES 0 LEE LARSON CORNWELL SPOUSE OF KEY EMPLOYEE 32295 COMP & BENEFITS 0 PART IV - BUSINESS TRANSACTIONS INVOLVING INTERESTED PERSONS SETON HALL UNIVERSITY IS NOT REQUIRED TO IDENTIFY INTERESTED PERSONS TO WHOM ASSISTANCE WAS PROVIDED UNDER THE FAMILY EDUCATIONAL RIGHTS AND PRIVACY ACT (FERPA). PART IV - BUSINESS TRANSACTIONS INVOLVING INTERESTED PERSONS ALL TRANSACTIONS WITH INTERESTED PERSONS WERE CONDUCTED AT ARM'S LENGTH, FOR GOOD AND SUFFICIENT CONSIDERATION, BASED ON TERMS THAT ARE FAIR AND REASONABLE TO AND FOR THE BENEFIT OF THE UNIVERSITY. THE APPLICABLE INTERESTED PERSONS HAD NO INFLUENCE OVER THE DECISIONS TO ENTER INTO THE TRANSACTIONS. X 28 1124000 SELLING PRICE X 5 6588 COST X FURNITURE 1 36450 FMV X HIST. MAGS 1 35000 FMV X FX A/V SERVICES 1 32945 FMV X GOLF OUTINGS 3 17885 FMV 0 1 1 PART I, LINE 32B: AUCTION COMPANIES ARE USED TO PROCESS AND/OR SELL NONCASH CONTRIBUTIONS IN "SILENT AUCTIONS" AT SEVERAL FUNDRAISING EVENTS. TO THE EXTENT SETON HALL UNIVERSITY RECEIVES DONATIONS OF PUBLICLY TRADED SECURITIES, ITS INVESTMENT BROKER IS ENGAGED TO SELL THOSE SECURITIES. FORM 990, PART III, LINE 1 SETON HALL UNIVERSITY (THE "UNIVERSITY") IS THE NATION'S OLDEST DIOCESAN CATHOLIC UNIVERSITY. IN A DIVERSE AND COLLABORATIVE ENVIRONMENT, IT FOCUSES ON ACADEMIC, ETHICAL, AND SPIRITUAL DEVELOPMENT. SETON HALL STUDENTS ARE PREPARED TO BE LEADERS IN THEIR PROFESSIONAL AND COMMUNITY LIVES IN A GLOBAL SOCIETY AND ARE CHALLENGED BY OUTSTANDING FACULTY, A TECHNOLOGICALLY ADVANCED SETTING, AND VALUES-CENTERED CURRICULA. THE UNIVERSITY IS HOME TO EIGHT NATIONALLY RECOGNIZED AND ACCREDITED SCHOOLS LOCATED ON THREE CAMPUSES, ALL WITHIN 15 MILES OF NEW YORK CITY. ITS MAIN CAMPUS IS IN SOUTH ORANGE, NEW JERSEY, ITS NATIONALLY RANKED LAW SCHOOL IS IN NEWARK, NEW JERSEY, AND ITS INTERPROFESSIONAL HEALTH SCIENCES ("IHS") CAMPUS IS IN THE CITY OF CLIFTON AND THE TOWNSHIP OF NUTLEY, NEW JERSEY. WITHIN THESE EIGHT SCHOOLS, THE PROFESSORS OF SETON HALL EDUCATE, SHAPE AND DEVELOP APPROXIMATELY 6,200 UNDERGRADUATE AND 3,600 GRADUATE STUDENTS, WHO ARE ENROLLED IN MORE THAN 150 RIGOROUS MAJORS. THIS HAS LED TO THE UNIVERSITY BEING NATIONALLY RECOGNIZED FOR ACADEMIC EXCELLENCE BY THE PRINCETON REVIEW, U.S. NEWS AND WORLD REPORT, AND BLOOMBERG BUSINESSWEEK. THE UNIVERSITY REMAINS A PIONEER IN CATHOLIC EDUCATION. THE UNIVERSITY HAS A LONG-TERM RELATIONSHIP WITH HACKENSACK MERIDIAN HEALTH AT ITS IHS CAMPUS. THE UNIVERSITY AND HMH WERE PARTNERS IN AN AGREEMENT TO RENOVATE THE IHS PREMISES FOR THE UNIVERSITY'S CON AND SHMS COLLEGES AND THE HACKENSACK MERIDIAN SCHOOL OF MEDICINE (HMSOM). HMH IS LESSOR TO THE LEASE FOR THIS PREMISES (KINGSLAND LEASE) AND THE UNIVERSITY SUBLEASES SPACE FROM HMH. THE UNIVERSITY AND HMH WILL CO-OWN THE IHS CAMPUS WHEN THE KINGSLAND LEASE AND UNIVERSITY'S SUBLEASE EXPIRE. IN ADDITION, THE UNIVERSITY AND HMH MAINTAIN A STRATEGIC ACADEMIC PARTNERSHIP AGREEMENT WHEREBY THE UNIVERSITY AND THE HMSOM HAVE AN INTEGRATED CURRICULUM, WITH 25% OF THE SEATS IN EACH CLASS OF THE MD PROGRAM RESERVED FOR UNIVERSITY GRADUATES WHO RESIDE IN NEW JERSEY, PROVIDED THEY MEET THE STANDARDS OF ADMISSION SET BY THE HMSOM, AND THE UNIVERSITY'S CON AND SHMS STUDENTS HAVING BROAD ACCESS TO TRAIN AT HMH HOSPITALS. FORM 990, PART VI, SECTION A, LINE 7A THE BOARD OF REGENTS IS RESPONSIBLE FOR THE ENTIRE MANAGEMENT OF THE AFFAIRS AND CONCERNS OF THE UNIVERSITY. THE BOARD OF REGENTS IS VESTED WITH THE RESPONSIBILITY, POWER, AND AUTHORITY TO GOVERN THE UNIVERSITY AND SHALL EXERCISE THE CORPORATE POWERS OF THE UNIVERSITY UNDER LAW. BOARD OF REGENT EMERITI DO NOT HAVE VOTING PRIVILEGES. FORM 990, PART VI, SECTION A, LINE 7B THE BOARD OF TRUSTEES STAND IN THE STEAD OF THE ORIGINAL INCORPORATORS OF SETON HALL COLLEGE AND HAVE THE RIGHTS AND POWERS RESERVED TO IT BY THE UNIVERSITY'S BY-LAWS. THOSE POWERS INCLUDE THE RIGHT TO AMEND THE UNIVERSITY'S ORGANIZING DOCUMENTS, TO AUTHORIZE THE SALE OF ANY UNIVERSITY PROPERTY AND, MOST IMPORTANTLY, TO ELECT THE BOARD OF REGENTS. FORM 990, PART VI, SECTION B, LINE 11B THE BOARD OF REGENTS HAS CHARGED THE AUDIT COMMITTEE WITH THE RESPONSIBILITY TO CONDUCT, REVIEW, AND APPROVE ANNUALLY THE UNIVERSITY'S FORM 990 AND FORM 990-T FOR FILING WITH INTERNAL REVENUE SERVICE. FOLLOWING REVIEW AND RECOMMENDATION BY THE AUDIT COMMITTEE, FORMS 990 AND 990-T ARE SUBMITTED TO THE FULL BOARD OF REGENTS FOR ITS REVIEW AND APPROVAL FOR FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C THE UNIVERSITY'S CONFLICT OF INTEREST POLICY IS POSTED ON THE UNIVERSITY'S WEB SITE. ALL NEW EMPLOYEES ARE MADE AWARE OF THE POLICY AT THE TIME OF HIRE. FOR SENIOR MANAGEMENT, THE UNIVERSITY REQUIRES AN ANNUAL DISCLOSURE OF SIGNIFICANT FINANCIAL INTERESTS IN, OR EMPLOYMENT OR CONSULTING RELATIONSHIPS WITH, ENTITIES DOING BUSINESS WITH THE UNIVERSITY. THESE ANNUAL DISCLOSURES COVER BOTH SENIOR MANAGEMENT AND THEIR IMMEDIATE FAMILY MEMBERS. WHEN SUCH RELATIONSHIPS EXIST, MEASURES ARE TAKEN TO ADDRESS THE ACTUAL OR PERCEIVED CONFLICT TO PROTECT THE BEST INTERESTS OF THE UNIVERSITY. THE POLICY REQUIRES, AMONG OTHER THINGS, THAT NO MEMBER OF THE BOARD OF REGENTS OR ITS COMMITTEES CAN PARTICIPATE IN ANY DECISION IN WHICH HE OR SHE (OR AN IMMEDIATE FAMILY MEMBER) HAS A MATERIAL FINANCIAL INTEREST. EACH REGENT IS REQUIRED TO CERTIFY COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY ON AN ANNUAL BASIS AND INDICATE WHETHER THE UNIVERSITY DOES BUSINESS WITH AN ENTITY IN WHICH A REGENT HAS A MATERIAL FINANCIAL INTEREST. WHEN SUCH RELATIONSHIPS EXIST, MEASURES ARE TAKEN TO MITIGATE ANY ACTUAL OR PERCEIVED CONFLICT, INCLUDING REQUIRING THAT SUCH TRANSACTIONS BE CONDUCTED AT ARM'S LENGTH, FOR GOOD AND SUFFICIENT CONSIDERATION, BASED ON TERMS THAT ARE FAIR AND REASONABLE TO AND FOR THE BENEFIT OF THE UNIVERSITY, AND IN ACCORDANCE WITH RELEVANT CONFLICT OF INTEREST LAWS. THE UNIVERSITY IS UNAWARE OF ANY SUCH ASSOCIATIONS CONSIDERED TO BE SIGNIFICANT. FORM 990, PART VI, SECTION B, LINE 15 SETON HALL UNIVERSITY CAN ENSURE AND DEMONSTRATE THAT OUR COMPENSATION ACTIONS DO NOT INURE TO THE BENEFIT OF A PRIVATE INDIVIDUAL. WE CAN DEMONSTRATE THAT THE COMPENSATION OF ALL DISQUALIFIED PERSONS, SUCH AS OFFICERS, DIRECTORS, AND KEY EMPLOYEES, IS CONSIDERED REASONABLE AND WOULD ORDINARILY BE PAID FOR LIKE SERVICES BY LIKE ENTERPRISES UNDER LIKE CIRCUMSTANCES. THE REASONABLENESS OF OUR COMPENSATION TAKES INTO ACCOUNT ALL BENEFITS. ANY COMPENSATION TRANSACTIONS FOR THESE INDIVIDUALS ARE APPROVED BY AN AUTHORIZED BODY OF INDIVIDUALS WHO HAVE NO CONFLICT OF INTEREST. UTILIZING A COMPENSATION CONSULTANT, APPROPRIATE COMPENSATION DATA IS RELIED UPON FOR COMPARABILITY AND PROOF OF FAIR MARKET VALUE, BEFORE MAKING A DECISION. COMPENSATION DECISIONS AND REPORTS ARE CONTEMPORANEOUSLY DOCUMENTED IN THE MINUTES OF THE MEETING OF THE COMMITTEE WHEN THE DECISIONS ARE MADE. FORM 990, PART VI, SECTION C, LINE 19 THE UNIVERSITY'S CONFLICT OF INTEREST POLICY IS POSTED ON THE UNIVERSITY'S WEB SITE. FORM 990, PART XI, LINE 9: PROVISION FOR UNCOLLECTIBLE CONTRIBUTION RECEIVABLE 501,000. CHNAGE IN VALUE OF SPLIT INTEREST AGREEMENTS 204,000. PART VII, SECTION A, COLUMN A KATIA PASSERINI, PH.D STARTED AS INTERIM PRESIDENT/TRUSTEE/REGENT ON JULY 24, 2023 AND SERVED AS INTERIM PRESIDENT/TRUSTEE/REGENT THROUGH JUNE 30,2024. SHE THEN SERVED AS PROVOST AND SR EXEC V.P. UNTIL JUNE 30, 2025. MONSIGNOR JOSEPH REILLY, S.T.L. , PH.D. STARTED AS PRESIDENT/REGENT/TRUSTEE ON JULY 1, 2024. ERIK LILLQUIST J.D. STARTED AS E.V.P., CHIEF ADMINISTRATIVE OFFICER AND DEPUTY PROVOST ON JULY 1, 2024. JOHN CORNWELL, J.D. M. PHIL. SERVED AS INTERIM DEAN, SCHOOL OF LAW UNTIL JUNE 30, 2024. RONALD WEICH BECAME DEAN, SCHOOL OF LAW ON JULY 1, 2024. ROMAN CATHOLIC ARCHDIOCESE OF NEWARK 171 CLIFTON AVENUE NEWARK NJ 07104 221487308 SEE PART VII NJ 501 (C) (3) LINE 1 N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 PART II : IDENTIFICATION OF RELATED TAX-EXEMPT ORG. PRIMARY ACTIVITY PRIMARY ACTIVITY OF ROMAN CATHOLIC ARCHDIOCESE OF NEWARK - OVERSEES THE CATHOLIC CHURCH IN CERTAIN COUNTIES OF NEW JERSEY.