Totals
- Total revenue
- $509,040,952
- Total expenses
- $424,623,112
- Contributions and grants received
- $23,827,438
- Grants paid
- $124,369,238
- Program service revenue
- $471,698,261
- Investment income
- $13,504,882
- Other revenue
- $10,371
- Total assets, end of year
- $1,356,203,738
- Total liabilities, end of year
- $588,582,233
- Net assets or fund balances, end of year
- $767,621,505
- Program services expenses (Part IX)
- $379,945,653
- Management and general expenses
- $40,065,754
- Fundraising expenses
- $4,611,705
- Program service expenses (Part III)
- $379,945,653
Program services were 89.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1c · Fundraising events
$1,362,502
-
1e · Government grants (contributions)
$8,956,724
-
1f · All other contributions, gifts and grants
$13,508,212
-
1g · Noncash contributions included above
$117,625
-
2a · Program service revenue: TUITION AND FEES
total $395,297,628 · related or exempt $395,297,628
-
2b · Program service revenue: AUXILIARY ACTIVITIES
total $70,242,463 · related or exempt $63,276,011 · unrelated business $6,966,452
-
2c · Program service revenue: OTHER INCOME
total $3,473,291 · related or exempt $3,337,851 · unrelated business $135,440
-
2d · Program service revenue: PITT CENTER&ATHLETICS
total $2,684,879 · related or exempt $2,684,879
-
3 · Investment income
total $14,430,976 · unrelated business $5,690 · excluded $14,425,286
-
6a · Gross rents
real property $380,577
-
6b · Less rental expenses
real property $198,093
-
6c · Rental income or loss
real property $182,484
-
6d · Net rental income or loss
total $182,484 · excluded $182,484
-
7a · Gross sales of assets other than inventory
securities $54,459,906
-
7b · Less cost or other basis and sales expenses
securities $55,386,000
-
7c · Gain or loss
securities -$926,094
-
7d · Net gain or loss
total -$926,094 · excluded -$926,094
-
8a · Fundraising events: gross income
$286,998
-
8a · Fundraising events: contributions included on line 1c
$1,362,502
-
8b · Fundraising events: direct expenses
$459,111
-
8c · Net income from fundraising events
total -$172,113 · excluded -$172,113
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $9,600 · program services $9,600
-
2 · Grants to domestic individuals
total $124,359,638 · program services $124,359,638
-
5 · Compensation of officers, directors and key employees
total $4,518,600 · program services $977,508 · management and general $3,541,092
-
7 · Other salaries and wages
total $111,185,231 · program services $97,179,355 · management and general $11,345,464 · fundraising $2,660,412
-
8 · Pension plan contributions
total $5,558,848 · program services $4,870,306 · management and general $544,003 · fundraising $144,539
-
9 · Other employee benefits
total $19,935,606 · program services $16,904,909 · management and general $2,593,026 · fundraising $437,671
-
10 · Payroll taxes
total $7,340,806 · program services $6,328,217 · management and general $827,301 · fundraising $185,288
-
11b · Fees: legal
total $494,786 · management and general $494,786
-
11c · Fees: accounting
total $450,070 · program services $55,514 · management and general $394,556
-
11e · Fees: professional fundraising services
total $522,502 · fundraising $522,502
-
11f · Fees: investment management
total $629,967 · management and general $629,967
-
11g · Fees: other
total $31,329,147 · program services $28,435,032 · management and general $2,727,605 · fundraising $166,510
-
12 · Advertising and promotion
total $1,872,522 · program services $666,513 · management and general $1,202,068 · fundraising $3,941
-
13 · Office expenses
total $8,474,780 · program services $6,321,348 · management and general $1,935,620 · fundraising $217,812
-
14 · Information technology
total $4,250,393 · program services $2,136,203 · management and general $2,018,508 · fundraising $95,682
-
16 · Occupancy
total $12,691,729 · program services $11,388,043 · management and general $1,240,007 · fundraising $63,679
-
17 · Travel
total $11,031,119 · program services $10,353,989 · management and general $641,095 · fundraising $36,035
-
19 · Conferences, conventions and meetings
total $505,687 · program services $387,352 · management and general $117,160 · fundraising $1,175
-
20 · Interest
total $13,469,767 · program services $12,481,403 · management and general $988,364
-
22 · Depreciation, depletion and amortization
total $24,159,375 · program services $21,449,342 · management and general $2,710,033
-
23 · Insurance
total $2,585,070 · program services $562,360 · management and general $2,022,710
-
24a · Other expenses: CONTRACT SERVICES
total $19,931,801 · program services $18,238,100 · management and general $1,693,701
-
24b · Other expenses: MINOR EQUIPMENT, FURNIT
total $6,637,344 · program services $5,872,115 · management and general $750,271 · fundraising $14,958
-
24c · Other expenses: REPAIRS AND MAINTENANCE
total $5,094,451 · program services $4,491,279 · management and general $565,870 · fundraising $37,302
-
24d · Other expenses: CARES ACT ASSISTANCE
total $2,276,116 · program services $2,276,116
-
24e · All other expenses
total $5,308,157 · program services $4,201,411 · management and general $1,082,547 · fundraising $24,199
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $141,336,327 · end of year $137,896,900
-
3 · Pledges and grants receivable
beginning of year $8,052,568 · end of year $8,200,597
-
4 · Accounts receivable
beginning of year $658,823 · end of year $610,272
-
9 · Prepaid expenses and deferred charges
beginning of year $5,911,580 · end of year $6,458,215
-
10a · Land, buildings and equipment: cost or other basis
$1,096,391,477
-
10b · Land, buildings and equipment: accumulated depreciation
$301,710,107
-
10c · Land, buildings and equipment, net
beginning of year $717,226,964 · end of year $794,681,370
-
11 · Investments: publicly traded securities
beginning of year $191,147,580 · end of year $241,898,602
-
12 · Investments: other securities
beginning of year $49,741,761 · end of year $49,631,345
-
14 · Intangible assets
beginning of year $21,947,683 · end of year $23,430,317
-
15 · Other assets
beginning of year $131,104,466 · end of year $93,396,120
-
17 · Accounts payable and accrued expenses
beginning of year $65,197,805 · end of year $62,939,046
-
19 · Deferred revenue
beginning of year $56,351,731 · end of year $57,532,078
-
20 · Tax-exempt bond liabilities
beginning of year $439,013,265 · end of year $428,023,075
-
25 · Other liabilities
beginning of year $40,696,787 · end of year $40,088,034
-
27 · Net assets without donor restrictions
beginning of year $608,334,737 · end of year $706,504,591
-
28 · Net assets with donor restrictions
beginning of year $57,533,427 · end of year $61,116,914
Mission and programs · 2022
Mission
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.
Activities or mission (Part I)
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.
-
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.
Expenses $124,650,846 · Revenue $395,297,628
-
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.
Expenses $124,359,639 · Grants $124,359,639
-
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.
Expenses $65,574,973 · Revenue $4,277,263
-
Expenses $65,360,195 · Grants $9,600 · Revenue $65,021,478
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Charles FirlotteCHARLES FIRLOTTE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Christopher K McLeodCHRISTOPHER K MCLEOD
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Daniel ThomasDANIEL THOMAS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Douglas KennedyDOUGLAS KENNEDY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Eric Wood EdDERIC WOOD EDD
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Frank MartireFRANK MARTIRE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Gary J LevinGARY J LEVIN
VICE CHAIRMAN
- Total calculated
- $0
- Hours/week
- 1
-
James Morley JrJAMES MORLEY JR
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
John J Petillo PhDJOHN J PETILLO PHD
PRESIDENT
- Total calculated
- $1,391,683
- From this org
- $1,272,604
- From related orgs
- $0
- Other
- $119,079
- Hours/week
- 35
Schedule J breakdown matched by us
- Base
- $646,962
- Bonus
- $604,741
- Other
- $20,901
- Deferred
- $24,400
- Nontaxable benefits
- $94,679
- Filer's total
- $1,391,683
-
John VazquezJOHN VAZQUEZ
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 1
-
Julie BonacioJULIE BONACIO
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Kenneth Siegel JDKENNETH SIEGEL JD
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Linda McMahonLINDA MCMAHON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Lynn SerpicoLYNN SERPICO
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Mary-Ann BuntingMARY-ANN BUNTING
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Pamela MillerPAMELA MILLER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Patrick Carolan MDPATRICK CAROLAN MD
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Patrick Maggitti PhDPATRICK MAGGITTI PHD
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Randy SalvatoreRANDY SALVATORE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Susan Davis RN EdD FacheSUSAN DAVIS RN EDD FACHE
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Suzanne GrecoSUZANNE GRECO
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Thomas ScrivoTHOMAS SCRIVO
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
William MitchellWILLIAM MITCHELL
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Michael Larobina EsqMICHAEL LAROBINA ESQ
GENERAL COUNSEL
- Total calculated
- $382,002
- From this org
- $343,388
- From related orgs
- $0
- Other
- $38,614
- Hours/week
- 35
Schedule J breakdown matched by us
- Base
- $249,042
- Bonus
- $90,422
- Other
- $3,924
- Deferred
- $26,343
- Nontaxable benefits
- $12,271
- Filer's total
- $382,002
-
Peter WardPETER WARD
SR. VICE PRESIDENT FOR FINANCE
- Total calculated
- $242,040
- From this org
- $187,150
- From related orgs
- $0
- Other
- $54,890
- Hours/week
- 35
Schedule J breakdown matched by us
- Base
- $185,838
- Bonus
- $0
- Other
- $1,312
- Deferred
- $15,745
- Nontaxable benefits
- $39,145
- Filer's total
- $242,040
-
Philip McCabePHILIP MCCABE
SR. VP FOR FINANCE
- Total calculated
- $400,329
- From this org
- $359,095
- From related orgs
- $0
- Other
- $41,234
- Hours/week
- 35
Schedule J breakdown matched by us
- Base
- $244,319
- Bonus
- $108,816
- Other
- $5,960
- Deferred
- $23,982
- Nontaxable benefits
- $17,252
- Filer's total
- $400,329
-
Robin CautinROBIN CAUTIN
ACTING PROVOST & VP FOR AC
- Total calculated
- $474,084
- From this org
- $403,221
- From related orgs
- $0
- Other
- $70,863
- Hours/week
- 35
Schedule J breakdown matched by us
- Base
- $304,867
- Bonus
- $96,300
- Other
- $2,054
- Deferred
- $32,104
- Nontaxable benefits
- $38,759
- Filer's total
- $474,084
-
James BarquineroJAMES BARQUINERO
SR. VICE PRESIDENT
- Total calculated
- $486,994
- From this org
- $428,185
- From related orgs
- $0
- Other
- $58,809
- Hours/week
- 35
Schedule J breakdown matched by us
- Base
- $328,385
- Bonus
- $92,582
- Other
- $7,218
- Deferred
- $31,807
- Nontaxable benefits
- $27,002
- Filer's total
- $486,994
-
Michael IannazziMICHAEL IANNAZZI
VICE PRESIDENT
- Total calculated
- $411,192
- From this org
- $336,803
- From related orgs
- $0
- Other
- $74,389
- Hours/week
- 35
Schedule J breakdown matched by us
- Base
- $214,565
- Bonus
- $119,917
- Other
- $2,321
- Deferred
- $17,458
- Nontaxable benefits
- $56,931
- Filer's total
- $411,192
-
Paul SuteraPAUL SUTERA
SR VICE PRESIDENT FOR UNIVERSITY ADVANCEMENT
- Total calculated
- $430,647
- From this org
- $399,476
- From related orgs
- $0
- Other
- $31,171
- Hours/week
- 35
Schedule J breakdown matched by us
- Base
- $313,604
- Bonus
- $84,633
- Other
- $1,239
- Deferred
- $31,171
- Nontaxable benefits
- $0
- Filer's total
- $430,647
-
Robert M HardyROBERT M HARDY
VICE PRESIDENT
- Total calculated
- $395,319
- From this org
- $366,765
- From related orgs
- $0
- Other
- $28,554
- Hours/week
- 35
Schedule J breakdown matched by us
- Base
- $257,122
- Bonus
- $106,079
- Other
- $3,564
- Deferred
- $27,054
- Nontaxable benefits
- $1,500
- Filer's total
- $395,319
-
Domenick PintoDOMENICK PINTO
ASSOCIATE PROFESSOR
- Total calculated
- $280,927
- From this org
- $240,979
- From related orgs
- $0
- Other
- $39,948
- Hours/week
- 35
Schedule J breakdown matched by us
- Base
- $238,230
- Bonus
- $1,000
- Other
- $1,749
- Deferred
- $14,419
- Nontaxable benefits
- $25,529
- Filer's total
- $280,927
-
Marc IzzoMARC IZZO
VP OF CONSTRUCTION AND FACILITIES
- Total calculated
- $272,182
- From this org
- $245,483
- From related orgs
- $0
- Other
- $26,699
- Hours/week
- 35
Schedule J breakdown matched by us
- Base
- $188,640
- Bonus
- $55,302
- Other
- $1,541
- Deferred
- $15,428
- Nontaxable benefits
- $11,271
- Filer's total
- $272,182
-
Martha CrawfordMARTHA CRAWFORD
DEAN
- Total calculated
- $204,000
- From this org
- $204,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 35
Schedule J breakdown matched by us
- Base
- $204,000
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $204,000
-
Maura IversenMAURA IVERSEN
DEAN
- Total calculated
- $338,154
- From this org
- $306,833
- From related orgs
- $0
- Other
- $31,321
- Hours/week
- 35
Schedule J breakdown matched by us
- Base
- $233,293
- Bonus
- $69,854
- Other
- $3,686
- Deferred
- $19,050
- Nontaxable benefits
- $12,271
- Filer's total
- $338,154
-
Shirley CannanSHIRLEY CANNAN
VP OF INFO TECHNOLOGY
- Total calculated
- $314,576
- From this org
- $284,522
- From related orgs
- $0
- Other
- $30,054
- Hours/week
- 35
Schedule J breakdown matched by us
- Base
- $217,075
- Bonus
- $64,014
- Other
- $3,433
- Deferred
- $17,783
- Nontaxable benefits
- $12,271
- Filer's total
- $314,576
-
Rupendra PaliwalRUPENDRA PALIWAL
PROVOST & VP FOR ACADEMIC
- Total calculated
- $281,333
- From this org
- $271,470
- From related orgs
- $0
- Other
- $9,863
- Hours/week
- 35
Schedule J breakdown matched by us
- Base
- $123,291
- Bonus
- $0
- Other
- $148,179
- Deferred
- $9,863
- Nontaxable benefits
- $0
- Filer's total
- $281,333
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 1a · Housing allowance or residence for personal use
- 1b · Written policy on the line-1a expenses
- 2 · Substantiation required before reimbursing expenses
- 3 · Compensation committee
- 3 · Form 990 of other organizations
- 3 · Written employment contract
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
- 4a · Severance or change-of-control payment
- 5a · Pay contingent on this organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
Answered no
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5b · Pay contingent on a related organization's revenues
- 6b · Pay contingent on a related organization's net earnings
- 9 · Followed the rebuttable-presumption procedure
The filer's explanations (Part III)
- 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
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
-
DONATION
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Disregarded entities
Part I: entities that legally are the filer and file no return of their own.
-
CORAM LANE LLC
OPERATION OF GREAT RIVER GOLF CLUB · CT · income $7,129 · assets $5,294,711
Directly controlled by SACRED HEART UNIVERSITY
-
SACRED HEART CAMPUS IN DINGLE
CURRICULUM EXPANSION · EI · income $3,021,810 · assets $4,695,670
Directly controlled by SACRED HEART UNIVERSITY
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 14 May 2024
- IRS schema version
- 2022v5.0
- Source object
- 202411359349308146
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