2024-05-14T14:12:02-05:00 2023-06-30 221478099 COHNREZNICK LLP 350 CHURCH STREET 12TH FLOOR HARTFORD CT 06103 990 2022-07-01 060776644 SACRED HEART UNIVERSITY INCORPORATED SACR 2033968223 5151 PARK AVENUE FAIRFIELD CT 06825 PETER WARD SR. VICE PRESIDENT FOR FINANCE 2033968223 2024-05-14 1 PETER WARD 999009999 0 LAURA KIELCZEWSKI P00740769 9592007000 2024-05-10 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z JOHN PETILLO 5151 PARK AVENUE FAIRFIELD CT 06825 565084156 0 X WWW.SACREDHEART.EDU X 1963 CT THE UNIVERSITY IS A CO-EDUCATIONAL INSTITUTION OF HIGHER LEARNING OFFERING UNDERGRADUATE, GRADUATE AND DOCTORAL DEGREES, AS WELL AS CONTINUING EDUCATION IN A VARIETY OF DISCIPLINES, WITH A COMMITMENT TO LEADERSHIP IN CATHOLIC HIGHER EDUCATION. 23 21 5403 150 7107582 0 38218815 23827438 428326581 471698261 10300941 13504882 29373 10371 476875710 509040952 115981948 124369238 0 0 138082516 148539091 419513 522502 4611705 145512074 151192281 399996051 424623112 76879659 84417840 1267127752 1356203738 601259588 588582233 665868164 767621505 X AT SACRED HEART UNIVERSITY, WE NOT ONLY PREPARE STUDENTS FOR THE FUTURE, BUT ALSO GIVE THEM A DEEPER APPRECIATION OF WHO THEY ARE AND ALL THEY CAN BE. THROUGH OUR DISTINCTIVE MISSION AND COMMITMENT TO LEADERSHIP IN CATHOLIC HIGHER EDUCATION, WE HELP STUDENTS HELP OTHERS AND, TOGETHER, WE MAKE A DIFFERENCE IN THE WORLD. THE SHU MISSION: THE PURSUIT OF TRUTH AND KNOWLEDGE AS INTRINSICALLY VALUABLE; COMMITMENT TO EXCELLENCE IN ALL THAT WE DO; RESPONSIBILITY FOR THE COMMON GOOD OF SOCIETY; RECOGNITION OF THE DIGNITY AND WORTH OF EVERY HUMAN BEING; PRESERVATION, TRANSMISSION AND DEVELOPMENT OF THE LIBERAL ARTS AND CATHOLIC INTELLECTUAL TRADITIONS. OUR VISION IS TO SHAPE GRADUATES KNOWLEDGEABLE OF SELF, ROOTED IN FAITH, EDUCATED IN MIND, COMPASSIONATE IN HEART, RESPONSIVE TO SOCIAL AND CIVIC OBLIGATIONS AND ABLE TO RESPOND TO AN EVER-CHANGING WORLD. 0 0 124650846 395297628 SACRED HEART CONTINUES TO OFFER A WIDE RANGE OF UNDERGRADUATE AND GRADUATE PROGRAMS. REGARDLESS OF WHAT UNDERGRADUATE PROGRAM OR GRADUATE PROGRAMS ARE CHOSEN, OUR FOCUS ON ACADEMIC OPPORTUNITIES - ROOTED IN THE CATHOLIC INTELLECTUAL TRADITIONS AND THE PRINCIPLES OF ENGAGED LEARNING - CREATES AN ABSORBING, CUSTOMIZED EDUCATIONAL EXPERIENCE FOR EACH STUDENT. 124359639 124359639 SACRED HEART UNIVERSITY'S STUDENT FINANCIAL ASSISTANCE OFFICE IS COMMITTED TO HELPING STUDENTS AND THEIR FAMILIES FIND THE MOST AFFORDABLE OPTIONS AVAILABLE FOR ATTENDING COLLEGE. FOR FULL-TIME UNDERGRADUATE STUDENTS, THERE ARE BASICALLY TWO TYPES OF FINANCIAL ASSISTANCES: FIRST, TRADITIONAL MERIT OR NEED-BASED AID; AND SECOND, A RANGE OF OTHER OPTIONS OPEN TO STUDENTS AND THEIR FAMILIES WHETHER THEY QUALIFY FOR TRADITIONAL AID OR NOT. SEVERAL FINANCIAL ASSISTANCE OPTIONS ARE ALSO AVAILABLE TO QUALIFIED PART-TIME UNDERGRADUATE STUDENTS AND GRADUATE STUDENTS. 65574973 4277263 SACRED HEART UNIVERSITY IS COMMITTED TO SERVING THE NEEDS OF ITS DIVERSE STUDENT POPULATION BY OFFERING AN ARRAY OF SERVICES DESIGNED TO ENSURE STUDENT SUCCESS. THESE SERVICES, PROVIDED THROUGH ACADEMIC ADVISING, STUDENT LIFE, CAREER SERVICES, JANDRISEVITS LEARNING CENTER, THE OFFICE OF SPECIAL SERVICES, AND THE WELLNESS CENTER, AIM TO SERVICE STUDENT IN A MANNER THAT IS CONSISTENT WITH THE MISSION. THE UNIVERSITY ALSO PROMOTES ACTIVE ENGAGED LEARNING OUTSIDE OF THE CLASSROOM. OUT ATHLETICS PROGRAMS ARE ABOUT MORE THAN JUST COMPETITION AND WINNING, THEY ARE BUILT ON LONGSTANDING TRADITION OF HELPING OUR STUDENT- ATHLETES REALIZE THEIR POTENTIAL, STRENGTHEN THEIR CHARACTER, AND EMPOWER THEIR MIND WHILE DEVELOPING SELF-CONFIDENCE AND VALUABLE LEADERSHIP SKILLS. 65360195 9600 65021478 65360195 9600 65021478 379945653 1 1 0 1 0 0 0 1 0 1 1 0 0 1 1 1 0 1 1 1 1 0 0 1 1 0 0 1 1 1 1 0 0 0 0 0 0 1 0 0 0 1 0 0 0 1 0 0 0 0 1 14111 0 1 5403 1 1 1 1 EI 0 0 0 1 1 0 0 0 0 1 0 X 23 21 0 0 0 0 0 0 0 1 1 0 1 1 0 1 1 1 1 1 1 1 0 X PETER WARD 2033968223 5151 PARK AVENUE FAIRFIELD CT 06825 CHARLES FIRLOTTE TRUSTEE 1.00 X 0 0 0 CHRISTOPHER K MCLEOD TREASURER 1.00 X X 0 0 0 DANIEL THOMAS TRUSTEE 1.00 X 0 0 0 DOUGLAS KENNEDY TRUSTEE 1.00 X 0 0 0 ERIC WOOD EDD TRUSTEE 1.00 X 0 0 0 FRANK MARTIRE TRUSTEE 1.00 X 0 0 0 GARY J LEVIN VICE CHAIRMAN 1.00 X X 0 0 0 JAMES MORLEY JR TRUSTEE 1.00 X 0 0 0 JOHN J PETILLO PHD PRESIDENT 35.00 X X 1272604 0 119079 JOHN VAZQUEZ CHAIRMAN 1.00 X X 0 0 0 JULIE BONACIO TRUSTEE 1.00 X 0 0 0 KENNETH SIEGEL JD TRUSTEE 1.00 X 0 0 0 LINDA MCMAHON TRUSTEE 1.00 X 0 0 0 LYNN SERPICO TRUSTEE 1.00 X 0 0 0 MARY-ANN BUNTING TRUSTEE 1.00 X 0 0 0 PAMELA MILLER TRUSTEE 1.00 X 0 0 0 PATRICK CAROLAN MD TRUSTEE 1.00 X 0 0 0 PATRICK MAGGITTI PHD TRUSTEE 1.00 X 0 0 0 RANDY SALVATORE TRUSTEE 1.00 X 0 0 0 SUSAN DAVIS RN EDD FACHE SECRETARY 1.00 X X 0 0 0 SUZANNE GRECO TRUSTEE 1.00 X 0 0 0 THOMAS SCRIVO TRUSTEE 1.00 X 0 0 0 WILLIAM MITCHELL TRUSTEE 1.00 X 0 0 0 MICHAEL LAROBINA ESQ GENERAL COUNSEL 35.00 X 343388 0 38614 PETER WARD SR. VICE PRESIDENT FOR FINANCE 35.00 X 187150 0 54890 PHILIP MCCABE SR. VP FOR FINANCE 35.00 X 359095 0 41234 ROBIN CAUTIN ACTING PROVOST & VP FOR AC 35.00 X 403221 0 70863 JAMES BARQUINERO SR. VICE PRESIDENT 35.00 X 428185 0 58809 MICHAEL IANNAZZI VICE PRESIDENT 35.00 X 336803 0 74389 PAUL SUTERA SR VICE PRESIDENT FOR UNIVERSITY ADVANCEMENT 35.00 X 399476 0 31171 ROBERT M HARDY VICE PRESIDENT 35.00 X 366765 0 28554 DOMENICK PINTO ASSOCIATE PROFESSOR 35.00 X 240979 0 39948 MARC IZZO VP OF CONSTRUCTION AND FACILITIES 35.00 X 245483 0 26699 MARTHA CRAWFORD DEAN 35.00 X 204000 0 0 MAURA IVERSEN DEAN 35.00 X 306833 0 31321 SHIRLEY CANNAN VP OF INFO TECHNOLOGY 35.00 X 284522 0 30054 RUPENDRA PALIWAL PROVOST & VP FOR ACADEMIC 35.00 X 271470 0 9863 5649974 0 655488 323 1 1 0 CHARTWELL'S HIGHER EDUCATION CO BOA PO BOX 91337 CHICAGO IL 606931853 FOOD SERVICES 18985420 SOUTHEAST SERVICE CORPORATION 2400 YORKMONT ROAD CHARLOTTE NC 28217 JANITORIAL SERVICES 5972086 WILEY EDU LLC 851 TRAFALGAR COURT SUITE 420 ORLANDO FL 32751 ONLINE EDUCATION SERVICES 5460331 THE S-L-A-M COLLABORATIVE INC 80 GLASTONBURY BLVD GLASTONBURY CT 06033 ARCHITECTURAL SERVICES 2870028 DATTCO INC 583 SOUTH ST NEW BRITAIN CT 06051 TRANSPORTATION SERVICES 2152599 103 1362502 8956724 13508212 117625 23827438 TUITION AND FEES 611310 395297628 395297628 AUXILIARY ACTIVITIES 611310 70242463 63276011 6966452 OTHER INCOME 900099 3473291 3337851 135440 PITT CENTER&ATHLETICS 611620 2684879 2684879 471698261 14430976 5690 14425286 380577 198093 182484 182484 182484 54459906 55386000 -926094 -926094 -926094 286998 1362502 459111 -172113 -172113 509040952 464596369 7107582 13509563 9600 9600 124359638 124359638 4518600 977508 3541092 111185231 97179355 11345464 2660412 5558848 4870306 544003 144539 19935606 16904909 2593026 437671 7340806 6328217 827301 185288 494786 494786 450070 55514 394556 522502 522502 629967 629967 31329147 28435032 2727605 166510 1872522 666513 1202068 3941 8474780 6321348 1935620 217812 4250393 2136203 2018508 95682 12691729 11388043 1240007 63679 11031119 10353989 641095 36035 505687 387352 117160 1175 13469767 12481403 988364 24159375 21449342 2710033 2585070 562360 2022710 CONTRACT SERVICES 19931801 18238100 1693701 MINOR EQUIPMENT, FURNIT 6637344 5872115 750271 14958 REPAIRS AND MAINTENANCE 5094451 4491279 565870 37302 CARES ACT ASSISTANCE 2276116 2276116 5308157 4201411 1082547 24199 424623112 379945653 40065754 4611705 141336327 137896900 8052568 8200597 658823 610272 5911580 6458215 1096391477 301710107 717226964 794681370 191147580 241898602 49741761 49631345 21947683 23430317 131104466 93396120 1267127752 1356203738 65197805 62939046 56351731 57532078 439013265 428023075 40696787 40088034 601259588 588582233 X 608334737 706504591 57533427 61116914 665868164 767621505 1267127752 1356203738 X 84417840 15843947 1491554 X 0 1 X 1 1 1 X 15132649 17624249 24155650 38218815 23827436 118958799 15132649 17624249 24155650 38218815 23827436 118958799 2819932 116138867 5595161 5525695 4867270 9250622 14805863 40044611 0 0 0 0 0 159003410 1951666906 0.73040 0.66570 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 0 PART II-B, LINE 1: SACRED HEART UNIVERSITY DOES NOT EMPLOY LOBBYISTS AS DEFINED BY STATE STATUTE AS PART OF ITS PAID STAFF OR MANAGEMENT, BUT SOME EMPLOYEES DO INTERACT WITH GOVERNMENT OFFICIALS AND AGENCIES FOR PURPOSES OTHER THAN INFLUENCING LEGISLATION OR PUBLIC OPINION ON LEGISLATIVE MATTERS OR REFERENDA. OCCASIONALLY THIS INCLUDES TESTIFYING BEFORE LEGISLATIVE COMMITTEES ON MATTER RELEVANT TO HIGHER EDUCATION IN THE STATE OF CONNECTICUT. IN ADDITION, SACRED HEART UNIVERSITY PAYS MEMBERSHIP DUES TO NACUBO AND CCIC A PORTION OF THE DUES SUPPORTED A NUMBER OF ADVOCACY EFFORTS. 1611671 X 0 240059029 10533330 20343977 1490039 269446297 247117996 12157924 -18106647 1110244 240059029 191568286 8816292 47746818 1013400 247117996 178215437 12638158 5611837 4897146 191568286 167593741 8678077 8196400 6252781 178215437 0.83480 0.10850 0.05670 0 0 69857225 69857225 731904098 150377071 581527027 92897007 52360102 40536905 89662202 72697287 16964915 112070945 26275647 85795298 794681370 INTEREST IN SPLIT-INTEREST AGREEMENTS 124103 FUNDS HELD BY BOND TRUSTEE 89953350 OTHER ASSETS 3318667 93396120 GOVERNMENT GRANTS REFUNDABLE - STUDENT LOANS 41693 TAXABLE BONDS 15925000 LEASE LIABILITY 24121341 40088034 X 402056601 15843947 12550 -122868085 -107011588 509068189 629967 -657204 -27237 509040952 300303260 12550 657204 669754 299633506 629967 124359639 124989606 424623112 PART III, LINE 4: WORKS OF ART ARE CONTRIBUTED TO THE UNIVERSITY FROM VARIOUS DONORS OR PURCHASED FOR PUBLIC EXHIBITION. THE SCHOOL DISPLAYS THEM IN VARIOUS LOCATIONS ACROSS THE UNIVERSITY FOR PUBLIC VIEWING. PART V, LINE 4: THE UNIVERSITY USES THE FUNDS FOR STUDENT SCHOLARSHIPS, TO PROVIDE EDUCATIONAL AND SUPPORT SERVICES TO MAINTAIN AND EXPAND THE UNIVERSITY CAPITAL INFRASTRUCTURE IN ORDER TO MAINTAIN THE UNIVERSITY'S FINANCIAL STABILITY. PART X, LINE 2: THE UNIVERSITY IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(A), AS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, AS AMENDED. ACCORDINGLY, IT IS NOT SUBJECT TO INCOME TAXES EXCEPT TO THE EXTENT IT HAS TAXABLE INCOME FROM ACTIVITIES THAT ARE NOT RELATED TO ITS EXEMPT PURPOSE. THE UNIVERSITY RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT OF BEING SUSTAINED. NO PROVISION FOR INCOME TAXES WAS REQUIRED FOR FISCAL 2023 OR 2022. PART XI, LINE 2D - OTHER ADJUSTMENTS: INSTITUTIONAL AID -124,359,639. CHANGE IN VALUE OF INTEREST RATE SWAPS 1,491,554. PART XI, LINE 4B - OTHER ADJUSTMENTS: RENTAL EXPENSES -198,093. FUNDRAISING EXPENSES -459,111. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 198,093. FUNDRAISING EXPENSES 459,111. PART XII, LINE 4B - OTHER ADJUSTMENTS: INSTITUTIONAL AID 124,359,639. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 SACRED HEART UNIVERSITY'S POLICY WHICH PROHIBITS DISCRIMINATION AGAINST PERSONS BECAUSE OF RACE, GENDER, SEXUAL ORIENTATION, PREGNANCY, COLOR, MARITAL STATUS, VETERAN STATUS, RELIGION, AGE, DISABILITY, HANDICAP, NATIONAL ORIGIN OR ANCESTRY IN ITS EMPLOYMENT POLICIES AND ITS EDUCATION AND ADMISSIONS PROGRAMS IS AVAILABLE ONLINE, IN ITS ACADEMIC CATALOG, AND WITHIN ITS STUDENT HANDBOOK. SCHEDULE E, PART I, LINE 6 SACRED HEART UNIVERSITY RECEIVES FUNDS FROM THE US DEPARTMENT OF EDUCATION. THE PROGRAM FUNDS THAT THE UNIVERSITY ADMINISTERS ARE FEDERAL PELL GRANT, FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANT (FSEOG) AND FEDERAL WORK-STUDY (FWS), WHICH ARE TITLE IV STUDENT AID PROGRAMS. THE UNIVERSITY ALSO RECEIVES FUNDS AND PROCESSES ACCORDING TO THE CRITERIA OF STATE GOVERNMENT AGENCIES. PRIMARY FUNDING IS FROM THE STATE OF CONNECTICUT OFFICE OF HIGHER EDUCATION. OTHER STATES THAT PROVIDE ASSISTANCE TO STATE RESIDENTS ATTENDING AN OUT OF STATE INSTITUTION ARE PROCESSED AS WE RECEIVE NOTIFICATION OF ENROLLED ELIGIBLE STUDENTS. EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 2 23 PROGRAM SERVICES EDUCATIONAL 2375542 CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 PROGRAM SERVICES/MISSION RELATED TRIPS EDUCATIONAL 22500 CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 34747253 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 INVESTMENTS 10322109 2 23 0 0 2 23 47467404 0 47467404 1 0 1 1 1 1 PART I, LINE 3: EXPENDITURES ARE ACCOUNTED FOR USING THE ACCRUAL BASIS OF ACCOUNTING. PART III, COL (C): IRELAND: SACRED HEART UNIVERSITY OFFERS STUDENTS THE OPPORTUNITY TO DELVE INTO IRISH CULTURE IN THE HEART OF THE IRISH-SPEAKING DINGLE GAELTACHT REGION. STUDENTS STUDY IN IRISH SURROUNDINGS AND LIVE THE IRISH EXPERIENCE THROUGH HANDS-ON SEMINARS LED BY ACCOMPLISHED SCHOLARS AND LOCAL EXPERTS. WHAT DEVELOPS IS A PROFOUND UNDERSTANDING OF CELTIC CULTURE, AS WELL AS A GREATER APPRECIATION OF DIVERSE SOCIETIES. SACRED HEART UNIVERSITY OFFERS A VARIETY OF STUDY ABROAD OPPORTUNITIES AROUND THE WORLD FOR SACRED HEART AND VISITING STUDENTS - WITH PROGRAMMING THAT SUPPORTS A BROAD RANGE OF EDUCATIONAL, PROFESSIONAL, AND PERSONAL OBJECTIVES. THE UNIVERSITY OFFERS FACULTY-LED PROGRAMS IN VARIOUS COUNTRIES EACH YEAR. ON THESE PROGRAMS STUDENTS DEVELOP THE HABITS OF MIND, HEART, AND SPIRIT THAT WILL PREPARE THEM TO ENGAGE PURPOSEFULLY IN A GLOBAL WORLD. COURSES COMPLETED ON A SACRED HEART STUDY ABROAD PROGRAM MAY FULFILL GENERAL EDUCATION, ELECTIVE, OR MAJOR/MINOR CREDITS, ENABLING STUDENTS, REGARDLESS OF ACADEMIC PLAN, TO STUDY ABROAD AND GRADUATE ACCORDING TO THEIR INDIVIDUAL SCHEDULES. ADDITIONAL OPPORTUNITIES ARE ALSO AVAILABLE FOR CLINICAL CREDIT OR EXPERIENTIAL LEARNING. SACRED HEART UNIVERSITY SUPPORTS STUDY ABROAD PROGRAMMING BY IDENTIFYING, DEVELOPING, NURTURING, AND MAINTAINING A DIVERSE SET OF INTERNATIONAL PROGRAMS WITH A COMMITMENT TO QUALITY, SAFETY, AFFORDABILITY AND ACCESSIBILITY. PART III ACCOUNTING METHOD: SCHEDULE F, PART I, LINE 3 (D) INVESTMENTS INCLUDED IN THIS SECTION RELATE TO INVESTMENT HOLDINGS INCLUDED IN THE UNIVERSITY'S ENDOWMENT PORTFOLIO. X X X X X X X 1 SNAVELY ASSOCIATES 112 W FOSTER AVE 401 STATE COLLEGE PA 16801 FUNDRAISING CONSULTING 0 0 33679 0 LKA FUNDRAISING & COMMNICATIONS INC 4800 SW MACADAM AVE STE 240 PORTLAND OR 97239 FUNDRAISING CONSULTING 0 0 57760 0 THE STELTER COMPANY 10435 NY AVENUE DES MOINES IA 50322 FUNDRAISING CONSULTING 0 0 19891 0 CATHY M IVES 23 RIPLEY CT ELLOREE SC 29047 FUNDRAISING CONSULTING 0 0 8400 0 MCALLISTER & QUINN LLC 1030 15TH ST NW STE 590 WEST WASHINGTON DC 20005 FUNDRAISING CONSULTING 0 0 121200 0 PREMIER SPORTS ADVISORS LLC 76 SZOST DRIVE FAIRFIELD CT 06824 FUNDRAISING CONSULTING 0 0 80000 0 EAB GLOBAL INC 2445 M STREET NW WASHINGTON DC 20037 FUNDRAISING CONSULTING 0 0 143822 0 SNYDER GROUP INC 5 RIVER RD SUITE 318 WILTON CT 06897 FUNDRAISING CONSULTING 0 0 57750 0 522502 CT CA IN KS KY NC NJ NY OR SHU PARENT CLASSIC 432900 380900 52000 825 10881 785 22273 SHU INVITATIONAL 428227 340781 87446 6844 51809 300 112239 7 788373 640821 147552 1342 16090 2800 159633 3475 69815 1649500 1362502 286998 1342 16915 20525 212227 3775 204327 459111 -172113 1 ORDER OF MALTA - AMERICAN ASSOCIATION 1011 FIRST AVENUE RM 1350 NEW YORK NY 10022 237095245 501(C)(3) 9600 0 DONATION 1 FEDERAL AID 654 541760 FMV STUDENT GRANTS STATE AID 10 30000 FMV STUDENT GRANTS RESIDENCE HALL ASSISTANT WAIVERS AND AWARDS 569 2062693 FMV FINANCIAL ASSISTANCE OTHER SCHOLARSHIPS WHICH ARE NEEDS-BASED OR BASED ON ATHLETIC OR ACADEMIC TALENTS 5584 121725186 FMV ACADEMIC ACHIEVEMENT/NEED BASED FINANCIAL ASSISTANCE PART I, LINE 2: THE THREE AREAS OF FINANCIAL ASSISTANCE TO STUDENTS ARE LOANS, GRANTS AND EMPLOYMENT (WORK-STUDY). THESE ARE GENERALLY AWARDED ON THE BASIS OF ON THE BASIS OF FINANCIAL NEED, DETERMINED BY AN ANALYSIS OF FAMILY INCOME AND ASSETS. SCHOLARSHIPS ARE ANOTHER SOURCE OF FINANCIAL ASSISTANCE. THEY ARE AWARDED ON THE BASIS OF ACADEMIC ACHIEVEMENT, EXCELLENCE IN ATHLETICS OR SPECIAL TALENTS, AND COMMUNITY SERVICE OR LEADERSHIP. CRITERIA FOR SOME MERIT BASED AWARDS ALSO INCLUDE A FINANCIAL NEEDS REQUIREMENT. CURRENTLY, THOSE STUDENTS WHO DEMONSTRATE THE GREATEST FINANCIAL NEED RECEIVE THE MOST FINANCIAL ASSISTANCE. THE UNIVERSITY MONITORS THE AMOUNTS ISSUED BY PERFORMING A COST OF ATTENDANCE CALCULATION. ONCE THE AMOUNT HAS BEEN DETERMINED FOR THE INDIVIDUAL, IT IS THEN DISBURSED TO THE STUDENT'S ACCOUNT AND IS CONTROLLED BY THE BURSAR'S OFFICE. X 1 1 X X X X X 1 0 0 1 0 1 0 1 1 0 JOHN J PETILLO PHD PRESIDENT 646962 0 604741 0 20901 0 24400 0 94679 0 1391683 0 0 0 JAMES BARQUINERO SR. VICE PRESIDENT 328385 0 92582 0 7218 0 31807 0 27002 0 486994 0 0 0 ROBIN CAUTIN ACTING PROVOST & VP FOR AC 304867 0 96300 0 2054 0 32104 0 38759 0 474084 0 0 0 PAUL SUTERA SR VICE PRESIDENT FOR UNIVERSITY ADV 313604 0 84633 0 1239 0 31171 0 0 0 430647 0 0 0 MICHAEL IANNAZZI VICE PRESIDENT 214565 0 119917 0 2321 0 17458 0 56931 0 411192 0 0 0 PHILIP MCCABE SR. VP FOR FINANCE 244319 0 108816 0 5960 0 23982 0 17252 0 400329 0 0 0 ROBERT M HARDY VICE PRESIDENT 257122 0 106079 0 3564 0 27054 0 1500 0 395319 0 0 0 MICHAEL LAROBINA ESQ GENERAL COUNSEL 249042 0 90422 0 3924 0 26343 0 12271 0 382002 0 0 0 MAURA IVERSEN DEAN 233293 0 69854 0 3686 0 19050 0 12271 0 338154 0 0 0 SHIRLEY CANNAN VP OF INFO TECHNOLOGY 217075 0 64014 0 3433 0 17783 0 12271 0 314576 0 0 0 RUPENDRA PALIWAL PROVOST & VP FOR ACADEMIC 123291 0 0 0 148179 0 9863 0 0 0 281333 0 0 0 DOMENICK PINTO ASSOCIATE PROFESSOR 238230 0 1000 0 1749 0 14419 0 25529 0 280927 0 0 0 MARC IZZO VP OF CONSTRUCTION AND FACILITIES 188640 0 55302 0 1541 0 15428 0 11271 0 272182 0 0 0 PETER WARD SR. VICE PRESIDENT FOR FINANCE 185838 0 0 0 1312 0 15745 0 39145 0 242040 0 0 0 MARTHA CRAWFORD DEAN 204000 0 0 0 0 0 0 0 0 0 204000 0 0 0 PART I, LINE 1A THE UNIVERSITY PROVIDES ON CAMPUS HOUSING TO ITS PRESIDENT FOR THE CONVENIENCE OF THE UNIVERSITY. THE ESTIMATED RENT IS INCLUDED AS A NON-TAXABLE BENEFIT IN PART II, COLUMN D. PART I, LINE 3 COMPENSATION FOR THE UNIVERSITY'S PRESIDENT/CEO IS DETERMINED THROUGH AN EXTENSIVE REVIEW OF THE JOB RESPONSIBILITIES AND EXPECTATIONS OUTLINED BY THE BOARD. THE COMPENSATION COMMITTEE THEN PERFORMS A REVIEW OF EXTERNAL MARKET AND INDUSTRY SURVEY AND STUDY DATA. CONSIDERATION OF ALL ADDITIONAL RESPONSIBILITIES ARE DETAILED OUT IN SPECIFIC LANGUAGE IN AN EMPLOYMENT CONTRACT APPROVED BY OUR LEGAL COUNSEL. FINAL SALARY RANGES ARE THEN DETERMINED BY THE COMPENSATION COMMITTEE. COMPENSATION IS DETERMINED BY THE EVALUATION OF THE JOB DESCRIPTION AGAINST EXTERNAL MARKET DATA AVAILABLE AS WELL AS THE REVIEW OF OUR INTERNAL EMPLOYEE DATA. CONSIDERATION OF ADDITIONAL RESPONSIBILITIES AND OTHER FACTORS MAY ALSO CONTRIBUTE IN DETERMINING COMPENSATION. THE DELIBERATION AND DECISION ARE CONTEMPORANEOUSLY DOCUMENTED. PART I, LINE 4A PROVOST & VICE PRESIDENT FOR ACADEMIC AFFAIRS RECEIVED A SEVERANCE PAYMENT. PART I, LINE 5 BONUSES ARE PAID TO SENIOR STAFF MEMBERS BASED IN PART ON ACHIEVING BUDGETED REVENUE GOALS. PART I, LINE 6 BONUSES ARE PAID TO SENIOR STAFF MEMBERS BASED IN PART ON ACHIEVING THE TRANSFER TO THE TRUSTEE RESERVES. SENIOR STAFF MEMBERS HAVE PERFORMANCE MEASURES FOR MANAGING THE UNIVERSITY TO MAINTAIN A BALANCED BUDGET. PART I, LINE 7 THERE ARE QUANTITATIVE MEASURES THAT ARE APPLIED IN DETERMINING BONUSES TO SENIOR STAFF MEMBERS. THE PRESIDENT AND THE BOARD HAVE DISCRETION TO ADJUST THE PAYMENTS FOR UNUSUAL CIRCUMSTANCES. IN ALL CASES, THESE PAYMENTS ARE REVIEWED WITH AND APPROVED BY THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES. PART I, LINE 8 THE FOLLOWING INDIVIDUAL LISTED ON FORM 990, PART VII RECEIVED COMPENSATION THAT WAS PAID PURSUANT TO AN INITIAL CONTRACT WITH THE UNIVERSITY: - ROBIN CAUTIN, ACTING PROVOST & VP FOR ACADEMIC - MARTHA CRAWFORD, DEAN - PHILIP MCCABE, SR. VICE PRESIDENT FOR FINANCE - PAUL SUTERA - SR. VICE PRESIDENT FOR UNIVERSITY ADVANCEMENT - SHIRLEY CANAAN - VICE PRESIDENT OF INFO TECHNOLOGY - PETER WARD - SR. VICE PRESIDENT FOR FINANCE A SACRED HEART UNIVERSITY - SERIES I-1 060776644 20774Y2C0 2017-11-22 157271506 SEE PART VI 0 0 0 B SACRED HEART UNIVERSITY - SERIES J-1 060776644 2017-11-22 53465000 SEE PART VI 0 0 0 C SACRED HEART UNIVERSITY - SERIES K 060776644 20775DJT0 2002-09-22 150439692 SEE PART VI 0 0 0 D SACRED HEART UNIVERSITY - SERIES L 060776644 20775DTR3 2022-04-19 112608678 SEE PART VI 0 0 0 A 17675000 157271506 1035765 50463737 105772004 2019 1 0 1 1 B 11449159 53465000 372301 53092699 1 0 1 1 C 5320000 150439692 992749 149446943 2021 0 0 1 1 D 112608678 856786 45936069 65815823 0 0 0 1 A 0 0 1 1 0 0.00450 0.00450 0 0 1 B 0 0 1 1 0 0.00010 0.00010 0 0 1 C 0 0 1 1 0 0.00000 0.00000 0 0 1 D 0 0 1 1 0 0.00000 0.00000 0 0 1 A 0 0 0 1 0 0 0 0 1 B 0 0 0 1 1 1 M&T BANK 19.600000000000 1 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 SCHEDULE K, PART I, LINE A (F): REFUNDING AND DEFEASANCE OF SERIES H, SETTLE LOC, CONSTRUCTION. SCHEDULE K, PART I, LINE B (F): REFUNDING AND DEFEASANCE OF EARLIER SERIES F AND PORTION OF SERIES G. SCHEDULE K, PART I, LINE C (F): CONTRUCTION PROJECTS INCLUDING RESIDENTIAL HOUSING. SCHEDULE K, PART I, LINE D (F): CONTRUCTION PROJECTS INCLUDING RESIDENTIAL HOUSING AND ACADEMIC FACILITIES RENOVATION/EXPANSION SCHEDULE K, PART IV, COL. A LINE 2C SERIES I-1 CALCULATION WAS PERFORMED FOR THE PERIOD 11/11/17 -11/22/22, AND RESULTED IN A NEGATIVE REBATE LIABILITY SCHEDULE K, PART IV, COL. B LINE 2C SERIES J-1 CALCULATION WAS PERFORMED FOR THE PERIOD 11/11/17 -11/22/22, AND RESULTED IN A NEGATIVE REBATE LIABILITY SCHEDULE K, PART IV, COL. C LINE 2C SERIES K CALCULATION WILL NOT BE DUE UNTIL 9/22/2025 SCHEDULE K, PART IV, COL. D LINE 2C SERIES L CALCULATION WILL NOT BE DUE UNTIL 4/19/2027 9800 GRANT AND OTHER ASSISTANCE FINANCIAL AID 18181 SCHOLARSHIP AND OTHER ASSISTANCE SCHOLARSHIP X 1 FMV X 240 FMV X 13 94247 FMV X 40 20242 FMV X SPECIAL EVENT 9 2725 FMV X EQUIPMENT 1 170 FMV 0 0 0 PART I, COLUMN (B): NUMBER OF CONTRIBUTIONS REPRESENTS THE NUMBER OF ITEMS CONTRIBUTED. FORM 990, PART VI, SECTION B, LINE 11B THE FOLLOWING IS THE SUCCESSION OF THE REVIEWS THAT OCCUR PRIOR TO FILING FORM 990. REVISIONS TO THE RETURN MAY BE MADE AT ANY POINT PRIOR TO FINAL FILING OF THE RETURN: THE RETURN IS PREPARED BY AN OUTSIDE PREPARER WITH THE ASSISTANCE OF THE ACCOUNTING STAFF. THE RETURN IS THEN INDEPENDENTLY REVIEWED BY THE CONTROLLER AND VP FOR FINANCE. COPIES OF THE RETURN ARE PROVIDED TO THE PRESIDENT, EACH MEMBER OF THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES AND THE CORPORATE SECRETARY FOR THEIR REVIEW AND COMMENT PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C EVERY YEAR, THE CONFLICT OF INTEREST POLICY IS REVIEWED. ALL KEY EMPLOYEES, TRUSTEES AND OFFICERS OF THE UNIVERSITY ARE REQUIRED TO REVIEW AND COMPLETE THE FORMS AS APPROPRIATE, SIGN, AND SUBMIT THE FORMS TO THEIR MANAGER OR BOARD SECRETARY FOR REVIEW AND SIGNATURE. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION FOR THE UNIVERSITY'S PRESIDENT/CEO IS DETERMINED THROUGH AN EXTENSIVE REVIEW OF THE JOB RESPONSIBILITIES AND EXPECTATIONS OUTLINED BY THE BOARD. THE COMPENSATION COMMITTEE THEN PERFORMS A REVIEW OF EXTERNAL MARKET AND INDUSTRY SURVEY AND STUDY DATA. CONSIDERATION OF ALL ADDITIONAL RESPONSIBILITIES ARE DETAILED OUT IN SPECIFIC LANGUAGE IN AN EMPLOYMENT CONTRACT APPROVED BY OUR LEGAL COUNSEL. FINAL SALARY RANGES ARE THEN DETERMINED BY THE COMPENSATION COMMITTEE. COMPENSATION FOR OTHER KEY EMPLOYEES IS DETERMINED BY THE EVALUATION OF THE JOB DESCRIPTION AGAINST EXTERNAL MARKET DATA AVAILABLE AS WELL AS THE REVIEW OF OUR INTERNAL EMPLOYEE DATA. CONSIDERATION OF ADDITIONAL RESPONSIBILITIES AND OTHER FACTORS MAY ALSO CONTRIBUTE IN DETERMINING COMPENSATION. COMPENSATION FOR THE UNIVERSITY'S OTHER OFFICERS AND KEY EMPLOYEES IS ORIGINALLY DETERMINED BASED ON EXTERNAL MARKET AND INDUSTRY SURVEY AS WELL AS THE REVIEW OF OUR INTERNAL EMPLOYEE DATA. ANY ADDITIONAL RESPONSIBILITIES ARE ALSO CONSIDERED. THE DATA IS REVIEWED BY A COMMITTEE AUTHORIZED BY THE BOARD OF TRUSTEES. DECISIONS AND AUTHORIZATIONS ARE DOCUMENTED AND PLACED ON FILE WITH THE VICE PRESIDENT OF HUMAN RESOURCES. FINAL ANNUAL SALARY RECOMMENDATIONS FROM THE PRESIDENT ARE SUBMITTED FOR REVIEW AND APPROVED BY THE HUMAN RESOURCES COMPENSATION COMMITTEE. FORM 990, PART VI, SECTION C, LINE 19 GUIDESTAR.ORG POSTS THE UNIVERSITY'S 990 FILING ANNUALLY. THIS MAKES THE 990 WIDELY AVAILABLE THROUGH THE INTERNET. COPIES ARE ALSO MADE AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST. GOVERNING DOCUMENTS AND THE ANNUAL FINANCIAL REPORT ARE MADE AVAILABLE TO BOARD MEMBERS AND IN COMPLIANCE WITH DEBT COVENANTS. UNIVERSITY EMPLOYEE AND FACULTY HANDBOOKS ARE POSTED ON THE UNIVERSITY WEBSITE. IN ADDITION, ALL STAFF AND FACULTY RECEIVE A HARD COPY. THE CONFLICT OF INTEREST POLICY IS ANNUALLY DISTRIBUTED ONLY TO KEY EMPLOYEES, DIRECTORS, AND OFFICERS OF THE UNIVERSITY TO SIGN AND RETURN. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF INTEREST RATE SWAPS 1,491,554. CORAM LANE LLC 5151 PARK AVE FAIRFIELD CT 06825 475563897 OPERATION OF GREAT RIVER GOLF CLUB CT 7129 5294711 SACRED HEART UNIVERSITY SACRED HEART CAMPUS IN DINGLE THE MALL DINGLE CO KERRY EI CURRICULUM EXPANSION EI 3021810 4695670 SACRED HEART UNIVERSITY