2026-04-30T10:08:48-05:00 2025-06-30 331374517 PKF O'CONNOR DAVIES ADVISORY LLC 300 TICE BOULEVARD SUITE 315 WOODCLIFF LAKE NJ 07677 990 2024-07-01 210634981 GEORGIAN COURT UNIVERSITY GEOR 7329872200 900 LAKEWOOD AVENUE LAKEWOOD NJ 08701 PAUL CIRAULO INTERIM CFO 7329872200 2026-04-30 1 1 GARRETT M HIGGINS P00543209 2017129800 2026-04-23 2024 2025-03-06 01:10:19Z EUGENE CORNACCHIA PHD 900 LAKEWOOD AVENUE LAKEWOOD NJ 08701 132688113 0 X WWW.GEORGIAN.EDU X 1908 NJ GEORGIAN COURT OFFERS A COMPREHENSIVE LIBERAL ARTS EDUCATION IN THE ROMAN CATHOLIC TRADITION. FOR MORE INFORMATION GEORGIAN COURT OFFERS A COMPREHENSIVE LIBERAL ARTS EDUCATION IN THE ROMAN CATHOLIC TRADITION, WITH A SPECIAL CONCERN FOR WOMEN, AND IS COMMITTED TO ITS CORE VALUES OF JUSTICE, RESPECT, INTEGRITY, SERVICE, AND COMPASSION. 21 20 738 57 203538 0 4624727 8405211 52628106 56780670 14137927 6838833 413249 342776 71804009 72367490 17835358 18901033 0 0 26079441 23435625 24500 54600 700480 25248430 25648720 69187729 68039978 2616280 4327512 122847259 123068073 34652402 29733570 88194857 93334503 X GEORGIAN COURT UNIVERSITY (GCU), PROVIDES A COMPREHENSIVE LIBERAL ARTS EDUCATION AND IS OPEN TO STUDENTS OF ALL FAITHS, DELIVERS A CURRICULUM THAT PROMOTES SCHOLARSHIP, SERVICE, AND PERSONAL DEVELOPMENT. 0 0 43579014 18901033 56582832 INSTRUCTIONAL DEGREE PROGRAM AS OF FALL 2024, GEORGIAN COURT UNIVERSITY ENROLLED 1,890 STUDENTS ACROSS MORE THAN 30 UNDERGRADUATE AND 25 GRADUATE PROGRAMS OFFERED THROUGH THE SCHOOL OF BUSINESS & DIGITAL MEDIA, THE SCHOOL OF ARTS, SCIENCES, AND EDUCATION, AND THE HACKENSACK MERIDIAN HEALTH SCHOOL OF NURSING & WELLNESS AT GCU. THE UNIVERSITY'S FASTEST-GROWING AND MOST COMPETITIVE DEGREE PROGRAM, THE BACHELOR OF SCIENCE IN NURSING (BSN), BENEFITS FROM A PARTNERSHIP WITH HACKENSACK MERIDIAN HEALTH, ONE OF NEW JERSEY'S LARGEST HEALTHCARE NETWORKS. IN 2024-25, GCU GRADUATED ITS FOURTH COHORT OF STUDENTS FROM THE ACCELERATED BACHELOR OF SCIENCE IN NURSING (A.B.S.N.) PROGRAM. IN 2025, GEORGIAN COURT LAUNCHED A DOCTOR OF EDUCATION (ED.D.) IN EDUCATIONAL LEADERSHIP, THE SECOND DOCTORAL PROGRAM IN THE UNIVERSITY'S HISTORY. OUR HISTORY GEORGIAN COURT UNIVERSITY, LOCATED IN HISTORIC LAKEWOOD, NEW JERSEY, IS THE ONLY CATHOLIC INSTITUTION OF HIGHER EDUCATION SERVING RESIDENTS THROUGHOUT CENTRAL AND SOUTHERN NEW JERSEY. FOUNDED AS A WOMEN'S COLLEGE, GCU SERVED WOMEN IN ALL PROGRAMS, WHILE MEN WERE ADMITTED ONLY TO EVENING AND GRADUATE COURSES, USUALLY PART-TIME, UNTIL SEPTEMBER 2012. THE UNIVERSITY BECAME FULLY COEDUCATIONAL IN SEPTEMBER 2013, ADDING MEN TO RESIDENCE HALLS AND LAUNCHING MEN'S ATHLETICS. BY THE 2024-25 ACADEMIC YEAR, GEORGIAN COURT'S UNDERGRADUATE POPULATION WAS 65% FEMALE AND 35% MALE. GEORGIAN COURT PROVIDES STUDENTS WITH A VALUES-BASED LIBERAL ARTS EDUCATION THAT ENHANCES THEIR MARKETABILITY AFTER GRADUATION, EMPHASIZES PURPOSEFUL LEADERSHIP, AND PREPARES GRADUATES TO CONTRIBUTE MEANINGFULLY IN THEIR CAREERS, COMMUNITIES, AND PERSONAL LIVES. THE UNIVERSITY EMPHASIZES THE IMPORTANCE OF FORMATION, WHOLE-PERSONHOOD, AND EXPERIENCES THAT HELP STUDENTS BECOME JUST, COMPASSIONATE MEMBERS OF SOCIETY. THESE EFFORTS ARE SUPPORTED BY THE OFFICE OF MISSION & MINISTRY, WHICH ORGANIZES PROGRAMMING ON CATHOLIC INTELLECTUAL TRADITIONS AND EXPERIENTIAL LEARNING OPPORTUNITIES. AS A ROMAN CATHOLIC UNIVERSITY, GEORGIAN COURT WELCOMES STUDENTS OF ALL RELIGIOUS, ETHNIC, AND SOCIOECONOMIC BACKGROUNDS, GUIDED BY ITS MERCY CORE VALUES: RESPECT, INTEGRITY, JUSTICE, COMPASSION, AND SERVICE. THE STUDENT EXPERIENCE GEORGIAN COURT OFFERS A CURRICULUM THAT ENGAGES STUDENTS IN BOTH PERSONAL AND PROFESSIONAL EXPLORATION. THE SMALL STUDENT-FACULTY RATIO OF 13:1 ALLOWS FOR PERSONALIZED LEARNING AND PROMOTES SUCCESS THROUGH HIGH-IMPACT PRACTICES SUCH AS LEARNING COMMUNITIES, SERVICE LEARNING, FACULTY-LED RESEARCH, STUDY ABROAD, INTERNSHIPS, AND CAPSTONE PROJECTS. ONE NOTABLE EXAMPLE OF THESE PRACTICES IS THE WORK OF GCU NURSING STUDENTS DURING THE PANDEMIC AND BEYOND. THE UNIVERSITY'S COMMITMENT TO STUDENT SUCCESS IS PARTICULARLY IMPACTFUL FOR FIRST-GENERATION COLLEGE STUDENTS, WHO MADE UP 30% OF THE FALL 2024 FRESHMAN CLASS, AND FOR STUDENTS FROM LOWER-INCOME FAMILIES, WITH 46% OF FRESHMEN RECEIVING PELL GRANTS IN FALL 2024. ACCOLADES IN 2025, GEORGIAN COURT EARNED ITS HIGHEST PLACEMENT IN OVER FIVE YEARS IN U.S. NEWS & WORLD REPORT'S BEST COLLEGES RANKINGS FOR TOP PERFORMERS ON SOCIAL MOBILITY, RISING 23 SPOTS TO #80 IN THE BEST REGIONAL UNIVERSITIES NORTH CATEGORY. THE RECOGNITION HIGHLIGHTS GEORGIAN COURT'S GROWING SUCCESS IN SUPPORTING STUDENTS FROM ECONOMICALLY DISADVANTAGED BACKGROUNDS AND ENSURING THEIR PERSISTENCE THROUGH GRADUATION. GCU ALSO EARNED A SPOT ON PHI THETA KAPPA'S 2025 TRANSFER HONOR ROLL, HIGHLIGHTING IT AS ONE OF THE MOST TRANSFER-FRIENDLY INSTITUTIONS IN THE U.S. THE UNIVERSITY WAS ONE OF ONLY FIVE NEW JERSEY COLLEGES OR UNIVERSITIES TO RECEIVE THE PRESTIGIOUS RECOGNITION EACH YEAR SINCE 2018. GROWTH, RETENTION AND ACHIEVEMENT GRADUATE PROGRAMS AT GEORGIAN COURT CONTINUE TO THRIVE ONLINE AND IN PERSON, ATTRACTING PROFESSIONALS FROM ACROSS NEW JERSEY AND BEYOND. THE CENTER FOR PROFESSIONAL STUDIES (CPS) ALSO PROVIDES EXECUTIVE AND CONTINUING EDUCATION COURSES IN HUMAN RESOURCES MANAGEMENT, EDUCATION, AND NON-PROFIT MANAGEMENT. PROGRAMMING TO SUPPORT LATINX STUDENTS AT GEORGIAN COURT UNIVERSITY HAS BEEN REVITALIZED AND EXPANDED THROUGH VAMOS, A PROGRAM THAT FOCUSES ON SCHOLARSHIPS, DEDICATED SUPPORT, AND COMMUNITY BUILDING TO ASSIST LATINX STUDENTS IN NAVIGATING AND EXCELLING IN COLLEGE. THROUGH THE VAMOS PROGRAM, STUDENTS GAIN ACCESS TO 12 EXCLUSIVE WORKSHOPS DEVELOPED THROUGH AVANZANDO, A NATIONALLY RECOGNIZED INITIATIVE CREATED BY UNIDOSUS. THESE WORKSHOPS EQUIP LATINX AND FIRST-GENERATION COLLEGE STUDENTS WITH THE TOOLS AND STRATEGIES THEY NEED TO SUCCEED IN COLLEGE AND BEYOND. GRANTS & GIVING IN 2024-25, GEORGIAN COURT SECURED OVER $4 MILLION IN COMPETITIVE GOVERNMENT GRANTS, CONTINUING ITS TREND OF ANNUAL MULTIMILLION-DOLLAR AWARDS. THESE FUNDS, ALONG WITH SIGNIFICANT DONOR CONTRIBUTIONS, SUPPORTED NURSING AND HEALTH PROFESSIONS, GLOBAL EDUCATION, AND STUDENT SCHOLARSHIPS, ENSURING AFFORDABILITY AND ACCESS. COMMITMENT TO CORE VALUES THROUGH SERVICE SERVICE IS DEEPLY EMBEDDED IN THE GEORGIAN COURT EXPERIENCE, WITH HUNDREDS OF STUDENTS PARTICIPATING IN VOLUNTEER ACTIVITIES EACH YEAR. ONE LONGTIME CAMPUS TRADITION IS THE ANNUAL THANKSGIVING FOOD BASKET DRIVE, WHERE STUDENTS FILL REUSABLE GROCERY BAGS WITH HOLIDAY ESSENTIALS, WRITE PERSONALIZED HOLIDAY CARDS, AND DELIVER THE COMPLETED FOOD BASKETS TO LOCAL FAMILIES IN NEED. TO ADDRESS FOOD INSECURITY ON CAMPUS, THE OFFICE OF MISSION & MINISTRY MANAGES JULIAN'S CUPBOARD STUDENT FOOD PANTRY. LOCATED IN MERCY HALL, THE PANTRY IS OPEN TO ALL STUDENTS DURING OFFICE HOURS OR VIA AN ONLINE REQUEST SYSTEM. STUDENT NEED AT GCU IN 2024-25, 99.4% OF FULL-TIME FIRST-YEAR STUDENTS RECEIVED SOME KIND OF FINANCIAL AID. 9021783 0 0 STUDENT SERVICE SUPPORT - OTHER EXPENDITURES TO SUPPORT THE OPERATION OF OFFICES DEDICATED TO STUDENT SERVICE ACTIVITIES. 3041130 0 0 AS A MEMBER OF THE CENTRAL ATHLETIC COLLEGIATE CONFERENCE (CACC), GEORGIAN COURT HAD OVER 345 STUDENT-ATHLETES PARTICIPATING IN NCAA DIVISION II SPORTS AS OF FALL 2024. SPORTS PROGRAMS INCLUDED ACROBATICS AND TUMBLING, BASEBALL, BASKETBALL, CROSS COUNTRY, LACROSSE, SOCCER, SOFTBALL, VOLLEYBALL, AND INDOOR AND OUTDOOR TRACK AND FIELD. 43376 0 197838 THE UNIVERSITY CONDUCTED ADDITIONAL PROGRAMS, INCLUDING PRE-COLLEGE INITIATIVES FOR HIGH SCHOOL STUDENTS SUCH AS A SUMMER MINI MEDICAL SCHOOL AND AN ON-CAMPUS ESPORTS EVENT, AS WELL AS CHAMBER OF COMMERCE EVENTS HELD ON CAMPUS, SUPPORTING COMMUNITY ENGAGEMENT AND CAREER EXPLORATION. 43376 0 197838 55685303 1 1 0 1 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 1 0 1 1 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 122 0 738 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 21 20 0 0 0 0 0 0 1 1 1 0 0 0 1 1 1 1 1 1 1 0 KY MA MD MI NH NY OR PA TN X PAUL CIRAULO INTERIM CFO 7329872200 900 LAKEWOOD AVENUE LAKEWOOD NJ 08701 JOSEPH R MARBACH PHD PRESIDENT 35.00 X X 368816 0 321752 MICHELE TERESA ARONICA RSM PH.D., CHAIR 1.00 X X 0 0 0 DEACON JAMES J KNIPPER VICE CHAIR 1.00 X X 0 0 0 RODRIGO A COLON JR TRUSTEE 1.00 X 0 0 0 ALICIA COOK TRUSTEE 1.00 X 0 0 0 GEORGE DESTAFNEY TRUSTEE 1.00 X 0 0 0 KENNETH M ESSER JR TRUSTEE 1.00 X 0 0 0 REGINA FOLEY PHD MBA RN TRUSTEE 1.00 X 0 0 0 MARY ELLEN FUHRMAN RSM TRUSTEE 1.00 X 0 0 0 REV MON R VINCENT GARTLAND TRUSTEE 1.00 X 0 0 0 MARILYN E GONYO EDD TRUSTEE 1.00 X 0 0 0 JOYCE A HECKMAN TRUSTEE 1.00 X 0 0 0 MARIANNE HOLLER DO FACOI FAAHPM, TRUSTEE 1.00 X 0 0 0 ROBERT H HUTCHINS TRUSTEE 1.00 X 0 0 0 KERRY ANNE MCGEARY PHD TRUSTEE 1.00 X 0 0 0 MICHAEL A NOONE TRUSTEE 1.00 X 0 0 0 TAMMI C REDD PHD TRUSTEE 1.00 X 0 0 0 REV MONSIGNOR JOSEPH N ROSIE TRUSTEE 1.00 X 0 0 0 JENNIFER MACGREGOR SAFEER CPA TRUSTEE 1.00 X 0 0 0 ELIZABETH M SCHMALZ TRUSTEE 1.00 X 0 0 0 JULIA A UPTON RSM PHD TRUSTEE 1.00 X 0 0 0 MATTHEW R MANFRA VP, INSTITUTIONAL ADVANCEMENT 35.00 X 307040 0 28762 JANICE I WARNER PROVOST 35.00 X 183552 0 34135 KETAN N GANDHI EDD SENIOR VP, FINANCE & ADMIN/CFO 35.00 X 277062 0 9249 ERIKA DAVIS VP, ENROLLMENT 35.00 X 63681 0 2207 KENNETH M KARAMICHAEL ASSOCIATE VP, PROFESSIONAL STUDIES 35.00 X 148338 0 19123 JANET THIEL SR ASSOCIATE VP UNIVERSITY ASSESSMENT 35.00 X 149263 0 0 MARY CHINERY DEAN, SCHOOL OF ART AND SCIENCE 35.00 X 140127 0 20466 JENNIFER J EDMONDS DEAN, SOBM & DIGITAL MEDIA 35.00 X 139685 0 31592 THERESA J BROWN PROFESSOR 35.00 X 135163 0 7657 1912727 0 474943 25 0 1 0 ARAMARK SERVICES INC PO BOX 978839 DALLAS TX 753978839 FACILITIES AND DINING MGMT SERVICES 5474373 ELLUCIAN COMPANY LP 4 COUNTRY VIEW ROAD MALVERN PA 19355 IT SERVICES 701811 DELOITTE CONSULTING LLP PO BOX 844717 DALLAS TX 752844747 STRATEGIC BUSINESS CONSULTING SERVICES 635000 PRINCETON STRATEGIC COMM GRP LLC 160 WEST STATE STREET TRENTON NJ 08608 MARKETING CONSULTING SERVICES 356102 JENZABAR PO BOX 845588 BOSTON MA 022845588 IT SERVICES 263873 8 92802 6906493 1405916 29841 8405211 TUITION 611310 51121301 51121301 AUXILIARY ENTERPRISE 611310 5461531 5461531 PRE-COLLEGE AND COMMUNITY PROGRAM 611310 197838 197838 56780670 5387563 -6058 5393621 4040 4040 61730181 60282951 1447230 1447230 235 1446995 20531 92802 36772 -16241 -16241 1800 900 900 900 CATERING SERVICE 531120 209361 209361 MISCELLANEOUS INCOME 900099 148756 148756 358117 72367490 56780670 203538 6978071 110776 110776 17275436 17275436 1514821 1514821 1306253 359465 707928 238860 95444 71047 22196 2201 18178942 15454267 2477866 246809 403820 304490 95312 4018 1975911 925670 1025507 24734 1475255 1247783 195480 31992 2217051 1511994 705057 170512 170512 155100 155100 9083 9083 54600 54600 221380 221380 2108581 522524 1585912 145 548220 452299 86569 9352 738918 105424 583779 49715 1392839 770655 592082 30102 3869182 3617680 251502 706862 681347 25500 15 53400 21845 31010 545 55475 52340 3135 3867640 3087583 780057 1384859 317966 1066893 STUDENT PROGRAMS 3106559 2869105 230268 7186 DINING HALL 3006571 3006571 REPAIRS AND MAINTENANCE 1499723 1404215 95302 206 BAD DEBT EXPENSE 442247 442247 94518 94518 68039978 55685303 11654195 700480 325922 54450 12908873 10002042 734148 967584 690467 1673559 55 0 55112 199131 124302007 74764787 51543717 49537220 46240588 53203614 7511535 6062338 2836842 1368135 122847259 123068073 4057396 3850286 8044609 4156114 20818205 19380048 1732192 2347122 34652402 29733570 X 51358505 54488979 36836352 38845524 88194857 93334503 122847259 123068073 X 4327512 734849 77285 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 9608 9608 0 PART II-B, LINE 1: THE UNIVERSITY ENGAGED MWW PUBLIC AFFAIRS TO UNDERTAKE LOBBYING. THE TOTAL FEES PURSUANT TO THIS CONTRACT FOR THE YEAR ENDED JUNE 30, 2025, WERE $9,083. THE UNIVERSITY PAID MEMBERSHIP DUES TO MEMBER ORGANIZATIONS WHO MAY ENGAGE IN LOBBYING ACTIVITIES. THEREFORE, A PORTION OF THE DUES MAY BE ATTRIBUTABLE TO LOBBYING ACTIVITIES. THE UNIVERSITY PORTION OF DUES TO LOBBYING ACTIVITIES TOTALED $525. THIS DOES NOT CONSTITUTE A SUBSTANTIAL PORTION OF THE UNIVERSITY'S ACTIVITIES. 58223082 150763 6875963 5482759 59767049 56380545 309441 5835259 4302163 58223082 53415761 243492 4893815 2172523 56380545 60924548 161844 -5739453 1931178 53415761 52634180 512496 12491288 4713416 60924548 0.43365 0.28062 0.28573 0 0 2486967 2486967 93308487 49701559 43606928 26274818 23653460 2621358 2231735 1409768 821967 49537220 CONDITIONAL ASSET RETIREMENT OBLIGATION 1041686 OPERATING LEASE OBLIGATIONS 395528 OTHER LIABILITIES 893391 FINANCE LEASE OBLIGATIONS 8704 ANNUITY PAYMENT LIABILITY 7813 2347122 X 54167987 734849 77285 812134 53355853 221380 18790257 19011637 72367490 49028341 0 49028341 221380 18790257 19011637 68039978 PART V, LINE 4: THE UNIVERSITY HAS ADOPTED AN INVESTMENT POLICY THAT IS INTENDED TO PROVIDE A PREDICTABLE STREAM OF FUNDING TO PROGRAMS FROM ITS ENDOWMENT WHILE SEEKING TO MAINTAIN THE PURCHASING POWER OF THE ENDOWMENT ASSETS. ENDOWMENT ASSETS INCLUDE THOSE ASSETS OF DONOR-RESTRICTED FUNDS THAT THE UNIVERSITY MUST HOLD IN PERPETUITY AS WELL AS BOARD-DESIGNATED FUNDS. 1. DONOR RESTRICTED ENDOWMENT FUNDS ARE ESTABLISHED BY DONOR-RESTRICTED GIFTS AND RECORDED AS PERMANENTLY RESTRICTED WITHIN THE UNIVERSITY FINANCIAL STATEMENTS. THE AMOUNT OF EACH INDIVIDUAL FUND IS COMPRISED OF THE ORIGINAL GIFT, SUBSEQUENT GIFTS IF THEY WERE TO BE ADDED TO THE PERMANENT ENDOWMENT AND ACCUMULATIONS IF DIRECTED BY THE DONOR'S GIFT DOCUMENTS. THESE FUNDS MUST BE RETAINED IN ACCORDANCE WITH THE EXPLICIT DONOR STIPULATIONS. 2. EARNINGS ON THESE ENDOWED FUNDS ARE REGARDED AS NET APPRECIATION AND CLASSIFIED AS NET ASSETS WITH DONOR RESTRICTIONS. THESE AMOUNTS ARE APPROPRIATED FOR EXPENDITURE CONSISTENT WITH THE DONOR GUIDELINES. DONOR FUNDED SCHOLARSHIPS ARE AWARDED ANNUALLY, IN ACCORDANCE WITH DONOR STIPULATED GUIDELINES AND ARE A COMPONENT OF THE UNIVERSITY'S FINANCIAL AID BUDGET. 3. BOARD DESIGNATED FUNDS, QUASI-ENDOWMENT, FUNCTIONING AS ENDOWMENTS ARE MADE OF A DEBT FUND, INTENDED TO OFFSET FUTURE DEBT BORROWINGS; A PLANT FUND, INTENDED TO SUPPLEMENT OPERATIONAL EXPENSES RELATED TO FACILITIES' NEEDS SUCH AS DEFERRED MAINTENANCE OR CAPITAL ITEMS; AND A SPECIAL PROJECTS FUND WITH THE ABILITY TO REACT TO THE CHANGING NEEDS AND DEMANDS OF THE HIGHER EDUCATION ENVIRONMENT. PART X, LINE 2: THE UNIVERSITY IS CLASSIFIED AS A 501(C)(3) ORGANIZATION AND IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(A) OF THE INTERNAL REVENUE CODE AND A SIMILAR PROVISION OF THE NEW JERSEY STATE INCOME TAX LAW. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN REFLECTED IN THE ACCOMPANYING FINANCIAL STATEMENTS. THERE ARE CERTAIN TRANSACTIONS THAT COULD BE DEEMED UNRELATED BUSINESS INCOME AND WOULD RESULT IN A TAX LIABILITY. MANAGEMENT REVIEWS TRANSACTIONS TO ESTIMATE POTENTIAL TAX LIABILITIES USING A THRESHOLD OF MORE LIKELY THAN NOT. IT IS MANAGEMENT'S ESTIMATION THAT THERE ARE NO MATERIAL TAX LIABILITIES THAT NEED TO BE RECORDED AT JUNE 30, 2025 AND 2024. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENT 77,285. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIP EXPENSE 18,790,257. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIP EXPENSE 18,790,257. 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 NOTICE OF NONDISCRIMINATION POLICY IS PRINTED ON ALL BROCHURES, WEB PAGES, AND PUBLICATIONS THAT ADVERTISE GCU PROGRAMS AND ADMISSION STANDARDS. SCHEDULE E, PART I, LINE 6 THE UNIVERSITY RECEIVED FINANCIAL ASSISTANCE FROM U.S. DEPARTMENT OF JUSTICE, U.S. DEPARTMENT OF STATE, U.S. DEPARTMENT OF EDUCATION, HIGHER EDUCATION STUDENT ASSISTANCE AUTHORITY, COMMISSION ON HIGHER EDUCATION, OTHER COMMISSION ON HIGHER EDUCATION ASSISTANCE, NEW JERSEY DEPARTMENT OF HUMAN SERVICES, NEW JERSEY DEPARTMENT OF THE TREASURY, AND THE NEW JERSEY OFFICE OF THE SECRETARY OF HIGHER EDUCATION. 1 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 GRANTMAKING 780280 NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES 0 0 GRANTMAKING 312610 SUB-SAHARAN AFRICA - ANGOLA, BENIN, BOTSWANA, BURKINA FASO, 0 0 GRANTMAKING 149603 EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 0 0 GRANTMAKING 272328 CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 3001284 0 0 0 0 0 0 4516105 0 4516105 SCHOLARSHIP EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIU 22 780280 ACCOUNT CREDIT SCHOLARSHIP NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES 9 312610 ACCOUNT CREDIT SCHOLARSHIP SUB-SAHARAN AFRICA - ANGOLA, BENIN, BOTSWANA, BURKINA FASO, 4 149603 ACCOUNT CREDIT SCHOLARSHIP EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 10 272328 ACCOUNT CREDIT 1 0 1 0 1 0 PART I, LINE 2: THE AID PROVIDED TO THE STUDENTS IS APPLIED BY THE UNIVERSITY DIRECTLY TO THE STUDENTS' ACCOUNT. AS SUCH, NO MONITORING OF THE GRANT FUNDS ARE REQUIRED BECAUSE THE STUDENT MAY ONLY USE THE SCHOLARSHIP FUNDS TO DEFRAY THE COST OF TUITION. DEFRAYED COSTS MAY ALSO INCLUDE LIVING EXPENSES, ROOM AND BOARD. PART IV, LINE 1: THE UNIVERSITY WAS A U.S. TRANSFEROR OF PROPERTY TO A FOREIGN COUNTRY DURING THE TAX YEAR. THE UNIVERSITY IS NOT REQUIRED TO FILE FORM 926. PART IV, LINE 3: THE UNIVERSITY HAD AN OWNERSHIP INTEREST IN A FOREIGN CORPORATION DURING THE YEAR BUT WAS NOT REQUIRED TO FILE FORM 5471. PART IV, LINE 5: THE UNIVERSITY HAD AN OWNERSHIP IN A FOREIGN PARTNERSHIP DURING THE TAX YEAR. THE UNIVERSITY IS NOT REQUIRED TO FILE FORM 8865. X X X X X X X 1 UNITY WRITING LLC 611 CHROME STREET NORTH BRUNSWICK NJ 08902 FUNDRAISING CONSULTING SERVICES 0 160000 54600 105400 160000 54600 105400 KY MD MA MI NH NY OH OK OR PA TN GOLF OUTING 113333 92802 20531 36772 113333 92802 20531 36772 36772 -16241 1 THE COLLEGE OF NEW JERSEY 2000 PENNINGTON ROAD EWING NJ 08618 222797398 STATE OF NEW JERSEY 44585 0 SUPPORT OF GENERAL OPERATIONS BERGEN COMMUNITY COLLEGE 400 PARAMUS ROAD PARAMUS NJ 07652 221820506 STATE OF NEW JERSEY 66191 0 SUPPORT OF GENERAL OPERATIONS 2 0 INSTITUTIONAL GRANT AID 3209 13907186 ATHLETICS 478 1850839 ENDOWED/FUNDED 499 1364331 TRANSFER SCHOLARSHIP 123 134750 RELIGIOUS GRANTS & DISCOUNTS 11 18330 PART I, LINE 2: THE AID PROVIDED TO THE STUDENTS IS APPLIED BY THE UNIVERSITY DIRECTLY TO THE STUDENTS' ACCOUNT. AS SUCH, NO MONITORING OF THE GRANT FUNDS ARE REQUIRED BECAUSE THE STUDENT MAY ONLY USE THE SCHOLARSHIP FUNDS TO DEFRAY THE COST OF TUITION. DEFRAYED COSTS MAY ALSO INCLUDE LIVING EXPENSES, ROOM AND BOARD. X 1 1 X X X 0 0 0 0 0 0 0 1 0 JOSEPH R MARBACH PHD PRESIDENT 329216 0 0 0 39600 0 280217 0 41535 0 690568 0 0 0 MATTHEW R MANFRA VP, INSTITUTIONAL ADVANCEMENT 198040 0 100000 0 9000 0 6684 0 22078 0 335802 0 0 0 KETAN N GANDHI EDD SENIOR VP, FINANCE & ADMIN/CFO 277062 0 0 0 0 0 9010 0 239 0 286311 0 0 0 JANICE I WARNER PROVOST 183552 0 0 0 0 0 6299 0 27836 0 217687 0 0 0 JENNIFER J EDMONDS DEAN, SOBM & DIGITAL MEDIA 139685 0 0 0 0 0 4344 0 27248 0 171277 0 0 0 KENNETH M KARAMICHAEL ASSOCIATE VP, PROFESSIONAL STUDIES 148338 0 0 0 0 0 4846 0 14277 0 167461 0 0 0 MARY CHINERY DEAN, SCHOOL OF ART AND SCIENCE 140127 0 0 0 0 0 4751 0 15715 0 160593 0 0 0 PART I, LINE 1A THE ORGANIZATION PROVIDED DR. JOSEPH R. MARBACH, PH.D., PRESIDENT, A HOUSING ALLOWANCE IN THE AMOUNT OF $30,000. THIS AMOUNT WAS TAXABLE. A NJ EDUCATION AL FACILITES AUTH 2017G 221829511 64606645A 2017-12-21 14383915 REFUND SERIES 2017 & CONSTRUCTION 1 0 0 B NJ EDUCATIONAL FACILITES AUTH 2016A 221829511 000000000 2016-07-26 20805115 REFUND SERIES 2005 & 2006 0 0 1 C NJ EDUCATIONAL FACILITES AUTH 2016B 221829511 646066F54 2016-12-20 30676062 FINANCE CAPITAL IMPROVEMENTS 0 0 1 D NJ EDUCATIONAL FACILITES AUTH 2023A 221829511 646067FWS 2023-10-25 25536938 EQUIPMENT LEASING FUND 0 0 1 A 405000 560000 14608986 191599 5005066 9412321 2024 1 0 1 1 B 802948 802948 1869 801079 2005 1 0 1 1 C 145863 572330 4603 567176 551 2019 0 0 1 1 D 20724 1119337 7670 1111667 2024 0 0 1 1 A 0 0 1 1 0 0 1 0.04000 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 1 0 0 0 0 0 1 C 0 0 1 0 0 0 0 0 1 D 0 0 1 0 0 0 0 0 1 A 1 B 1 C 1 D 1 PART II, LINE 3 BOND B - NEW JERSEY EDUCATIONAL FACILITES AUTHORITY, HIGHER EDUCATION CAPITAL IMPROVEMENT FUND, SERIES 2016A: PART II, LINE 3, BOND B 2016A IS A POOLED FINANCING BOND. THE PORTION REPORTED ON SCHEDULE K PART II IS REFLECTIVE OF ONLY GEORGIAN COURT UNIVERSITY'S PORTION. PART II, LINE 3 BOND C - NEW JERSEY EDUCATIONAL FACILITIES AUTHORITY, HIGHER EDUCATION CAPITAL IMPROVEMENT FUND, SERIES 2016B: PART II, LINE 3: BOND C 2016B IS A POOLED FINANCING BOND. THE PORTION REPORTED ON SCHEDULE K PART II IS REFLECTIVE OF ONLY GEORGIAN COURT UNIVERSITY'S PORTION. PART II, LINE 3 BOND D - NEW JERSEY EDUCATION FACILITIES AUTHORITY, EQUIPMENT LEASING FUND, SERIES 2023A: PART II, LINE 3: BOND D 2023A IS A POOLED FINANCING BOND. THE PORTION REPORTED ON SCHEDULE K PART II IS REFLECTIVE OF ONLY GEORGIAN COURT UNIVERSITY'S PORTION. PART II, LINE 3 BOND A - NEW JERSEY EDUCATIONAL FACILITES AUTHORITY, PROJECT REVENUE BOND,2017 SERIES PROJECT G. PART II, LINE 3: ALL CONTRACTS FALL UNDERREV. PROC. 97-13 OR ARE INCIDENTAL IN NATURE AND DO NOT CONSTITUTE PRIVATE BUSINESS USE. ARBITRAGE COMPUTATION WAS PREPARED JUNE 2025. DIFFERENCE BETWEEN ISSUE PRICE IN PART A, LINE 1 IS ATTRIBUTABLE TO INVESTMENT EARNINGS. MARIA ALICIA COLON HAS A FAMILY RELATIONSHIP WITH RODRIGO A. COLON, JR., BOARD MEMBER 95444 EMPLOYMENT 0 X 2 23831 AVERAGE SELLING PRICE X GIFT CARDS 8 5585 COST X FOOD 3 325 COST X GOODS 1 100 COST 0 0 0 0 PART I, COLUMN (B): THE ORGANIZATION IS REPORTING THE NUMBER OF CONTRIBUTIONS IN PART I, COLUMN (B). FORM 990, PART VI, SECTION A, LINE 7B THE FOLLOWING GOVERNANCE DECISIONS REQUIRE APPROVAL BY THE BOARD OF CONFERENCE FOR MERCY HIGHER EDUCATION: APPROVING ANY SALE OR OTHER DISPOSITION OF ALL OR SUBSTANTIALLY ALL OF THE ASSETS OF THE UNIVERSITY, ANY MERGER, CONSOLIDATION, REORGANIZATION, DISSOLUTION, OR LIQUIDATION INVOLVING THE UNIVERSITY, OR ANY OTHER FUNDAMENTAL TRANSACTION AS CONTEMPLATED UNDER THESE BYLAWS OR THE NONPROFIT CORPORATION ACT OF THE STATE OF NEW JERSEY. FORM 990, PART VI, SECTION B, LINE 11B THE UNIVERSITY HAS ITS FORM 990 PREPARED BY AN OUTSIDE ACCOUNTING FIRM IN CONJUNCTION WITH THE UNIVERSITY'S FINANCIAL DEPARTMENT. A DRAFT IS PREPARED AND DISTRIBUTED ELECTRONICALLY TO THE FULL FINANCE COMMITTEE FOR REVIEW. THE AUDIT COMMITTEE RECOMMENDS AND APPROVES THE RETURN FOR RELEASE. ONCE THE FORM 990 IS FILED WITH THE IRS, IT IS THEN DISTRIBUTED TO THE FULL BOARD. FORM 990, PART VI, SECTION B, LINE 12C THE UNIVERSITY HAS A WRITTEN CONFLICT OF INTEREST POLICY THAT APPLIES TO OFFICERS, TRUSTEES, AND KEY EMPLOYEES WHO ARE REQUIRED TO DISCLOSE ANNUALLY ANY INTERESTS THAT COULD GIVE RISE TO CONFLICT. THE UNIVERSITY REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH THE INTEREST POLICY. A CONFLICT OF INTEREST MAY ARISE WHEN AN OFFICER, TRUSTEE, OR KEY EMPLOYEE HAS A DIRECT OR INDIRECT FINANCIAL OR OTHER INTEREST THAT MAY (1) IMPAIR OR MAY REASONABLY APPEAR TO IMPAIR HIS OR HER INDEPENDENT, UNBIASED JUDGMENT IN THE DISCHARGE OF HIS OR HER RESPONSIBILITIES TO THE UNIVERSITY; (2) MAY RESULT IN PERSONAL GAIN, OR GAIN TO THE BOARD MEMBER'S FAMILY BY APPARENT USE OF THE TRUSTEE'S ROLE AT THE UNIVERSITY; OR (3) ADVERSELY AFFECTS THE UNIVERSITY'S REPUTATION OR THE PUBLIC'S CONFIDENCE IN ITS INTEGRITY. TRUSTEES SHALL DISCLOSE TO THE BOARD OF TRUSTEES OR MEMBERS OF COMMITTEES WITH BOARD OF TRUSTEES DELEGATED POWERS AS APPLICABLE ANY ACTUAL, APPARENT, OR POSSIBLE CONFLICT OF INTEREST AT THE EARLIEST PRACTICAL TIME. A TRUSTEE WHO HAS MADE SUCH A DISCLOSURE SHALL ABSTAIN FROM VOTING ON SUCH MATTERS. FORM 990, PART VI, SECTION B, LINE 15 THE UNIVERSITY UNDERTAKES A THOROUGH PROCESS TO ENSURE THAT THE EXECUTIVE COMPENSATION IT PAYS TO ITS TOP MANAGEMENT OFFICIAL AND ALL OF ITS OFFICERS AND KEY EMPLOYEES OF ORGANIZATION IS REASONABLE GIVEN THE MARKET IN WHICH THE UNIVERSITY OPERATES. CEO COMPENSATION: THE EXECUTIVE COMMITTEE OF THE BOARD REVIEWS THE COMPENSATION PACKAGE OF THE PRESIDENT ANNUALLY AT ITS JUNE MEETING. COMPENSATION LEVEL IS DECIDED UPON UTILIZING COMPARATIVE DATA RECEIVED FROM THE HUMAN RESOURCE DEPARTMENT. OFFICER POSITIONS ARE ASSIGNED A SALARY RANGE BY THE PRESIDENT USING A COMPENSATION STUDY DONE BY AN OUTSIDE FIRM. THE EXECUTIVE COMMITTEE OF THE BOARD ALSO REVIEWS THE COMPENSATION FOR THESE EMPLOYEES WHO ARE CONSIDERED HIGHEST-PAID EMPLOYEES. THE OFFICERS RESIDE ON THE PRESIDENT'S ADMINISTRATIVE TEAM, CATEGORIZED AS THE EXECUTIVE LEVEL OF THE UNIVERSITY. THIS PROCESS WAS LAST UNDERTAKEN IN NOVEMBER 2025 WITH THE HIRING OF THE INTERIM CFO. FORM 990, PART VI, SECTION C, LINE 19 THE UNIVERSITY MAKES ITS FORM 990 AVAILABLE FOR PUBLIC INSPECTION AS REQUIRED UNDER SECTION 6104 OF THE INTERNAL REVENUE CODE. THE RETURN IS AVAILABLE ON GUIDESTAR.ORG AND OTHER SIMILAR TYPES OF WEBSITES, AS WELL AS ON THE UNIVERSITY'S OWN WEBSITE. IN ADDITION, THE FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICY, ARTICLES OF INCORPORATION, FORM 990, AND BY-LAWS ARE AVAILABLE UPON WRITTEN REQUEST OR BY CALLING THE UNIVERSITY DIRECTLY. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENT 77,285. FORM 990, PART XII, LINE 2C: THE FINANCE COMMITTEE OF THE BOARD OF TRUSTEES ASSUMES RESPONSIBILITY FOR THE OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.