Totals
- Total revenue
- $489,308,458
- Total expenses
- $432,418,916
- Contributions and grants received
- $46,841,328
- Grants paid
- $124,334,323
- Program service revenue
- $403,023,980
- Investment income
- $38,241,471
- Other revenue
- $1,201,679
- Total assets, end of year
- $1,209,670,431
- Total liabilities, end of year
- $358,412,879
- Net assets or fund balances, end of year
- $851,257,552
- Program services expenses (Part IX)
- $356,269,980
- Management and general expenses
- $65,187,305
- Fundraising expenses
- $10,961,631
- Program service expenses (Part III)
- $356,269,980
Program services were 82.4% 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
$1,318,232
-
1e · Government grants (contributions)
$5,700,688
-
1f · All other contributions, gifts and grants
$39,822,408
-
1g · Noncash contributions included above
$1,544,491
-
2a · Program service revenue: TUITION & FEES
total $327,249,745 · related or exempt $327,249,745
-
2b · Program service revenue: AUXILIARY SERVICES
total $68,657,805 · related or exempt $68,657,805
-
2c · Program service revenue: OTHER PROGRAM SERVICES
total $6,653,294 · related or exempt $6,653,294
-
2d · Program service revenue: SUMMER CONFERENCES
total $463,136 · related or exempt $370,117 · unrelated business $93,019
-
2f · All other program service revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
3 · Investment income
total $13,578,109 · unrelated business $40,076 · excluded $13,538,033
-
6a · Gross rents
real property $1,384,192 · personal property $216,027
-
6b · Less rental expenses
real property $199,167 · personal property $233,090
-
6c · Rental income or loss
real property $1,185,025 · personal property -$17,063
-
6d · Net rental income or loss
total $1,167,962 · unrelated business -$17,063 · excluded $1,185,025
-
7a · Gross sales of assets other than inventory
securities $150,825,419 · other assets $62,123
-
7b · Less cost or other basis and sales expenses
securities $125,860,071 · other assets $364,109
-
7c · Gain or loss
securities $24,965,348 · other assets -$301,986
-
7d · Net gain or loss
total $24,663,362 · excluded $24,663,362
-
8a · Fundraising events: gross income
$645,848
-
8a · Fundraising events: contributions included on line 1c
$1,318,232
-
8b · Fundraising events: direct expenses
$612,131
-
8c · Net income from fundraising events
total $33,717 · excluded $33,717
-
11d · All other revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $120,773,611 · program services $120,773,611
-
3 · Grants to foreign organizations and individuals
total $3,560,712 · program services $3,560,712
-
5 · Compensation of officers, directors and key employees
total $3,934,133 · program services $1,675,716 · management and general $1,877,649 · fundraising $380,768
-
7 · Other salaries and wages
total $126,306,179 · program services $99,119,513 · management and general $21,316,512 · fundraising $5,870,154
-
8 · Pension plan contributions
total $8,089,879 · program services $6,348,580 · management and general $1,365,317 · fundraising $375,982
-
9 · Other employee benefits
total $29,232,398 · program services $22,940,296 · management and general $4,933,510 · fundraising $1,358,592
-
10 · Payroll taxes
total $8,636,696 · program services $6,556,917 · management and general $1,630,713 · fundraising $449,066
-
11b · Fees: legal
total $1,067,358 · program services $68,536 · management and general $998,822
-
11c · Fees: accounting
total $209,061 · management and general $209,061
-
11e · Fees: professional fundraising services
total $218,820 · fundraising $218,820
-
11f · Fees: investment management
total $228,085 · management and general $228,085
-
11g · Fees: other
total $28,773,597 · program services $24,020,420 · management and general $3,760,423 · fundraising $992,754
-
12 · Advertising and promotion
total $3,085,088 · program services $2,811,859 · management and general $232,799 · fundraising $40,430
-
13 · Office expenses
total $7,051,332 · program services $4,924,992 · management and general $1,713,128 · fundraising $413,212
-
14 · Information technology
total $8,061,407 · program services $2,229,903 · management and general $5,544,334 · fundraising $287,170
-
16 · Occupancy
total $12,095,868 · program services $12,095,868
-
17 · Travel
total $5,852,309 · program services $4,963,351 · management and general $674,889 · fundraising $214,069
-
19 · Conferences, conventions and meetings
total $436,623 · program services $341,806 · management and general $79,475 · fundraising $15,342
-
20 · Interest
total $10,367,035 · program services $8,898,407 · management and general $1,448,442 · fundraising $20,186
-
22 · Depreciation, depletion and amortization
total $29,455,422 · program services $21,295,790 · management and general $8,007,213 · fundraising $152,419
-
23 · Insurance
total $2,567,094 · program services $374,058 · management and general $2,193,036
-
24a · Other expenses: MAINTENANCE & EQUIPMENT
total $7,392,416 · program services $3,294,346 · management and general $4,035,171 · fundraising $62,899
-
24b · Other expenses: STUDY ABROAD
total $5,767,877 · program services $5,767,877
-
24c · Other expenses: CONSULTANTS & HONORARIA
total $2,271,734 · program services $1,357,874 · management and general $831,648 · fundraising $82,212
-
24d · Other expenses: LIBRARY ACQUISITIONS
total $1,144,811 · program services $1,107,281 · management and general $9,974 · fundraising $27,556
-
24e · All other expenses
total $5,839,371 · program services $1,742,267 · management and general $4,097,104 · fundraising $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $699 · end of year $699
-
2 · Savings and temporary cash investments
beginning of year $66,519,601 · end of year $59,079,581
-
3 · Pledges and grants receivable
beginning of year $31,314,689 · end of year $45,060,673
-
4 · Accounts receivable
beginning of year $1,213,281 · end of year $1,523,741
-
5 · Loans and receivables from officers and key people
beginning of year $0 · end of year $0
-
6 · Loans and receivables from disqualified persons
beginning of year $0 · end of year $0
-
10a · Land, buildings and equipment: cost or other basis
$937,512,148
-
10b · Land, buildings and equipment: accumulated depreciation
$352,853,281
-
10c · Land, buildings and equipment, net
beginning of year $551,597,874 · end of year $584,658,867
-
11 · Investments: publicly traded securities
beginning of year $358,571,142 · end of year $387,948,411
-
12 · Investments: other securities
beginning of year $94,526,291 · end of year $107,410,619
-
13 · Investments: program-related
beginning of year $484,982 · end of year $295,394
-
15 · Other assets
beginning of year $41,779,635 · end of year $23,692,446
-
17 · Accounts payable and accrued expenses
beginning of year $50,136,961 · end of year $47,154,175
-
18 · Grants payable
beginning of year $216,637 · end of year $368,267
-
19 · Deferred revenue
beginning of year $16,206,331 · end of year $17,235,906
-
20 · Tax-exempt bond liabilities
beginning of year $287,665,627 · end of year $278,043,471
-
22 · Loans and payables to officers and key people
beginning of year $0 · end of year $0
-
25 · Other liabilities
beginning of year $14,065,965 · end of year $15,611,060
-
27 · Net assets without donor restrictions
beginning of year $447,954,021 · end of year $481,116,679
-
28 · Net assets with donor restrictions
beginning of year $329,762,652 · end of year $370,140,873
Mission and programs · 2023
Mission
TO ESTABLISH, ORGANIZE, MAINTAIN AND CONDUCT AN INSTITUTION FOR INTERMEDIATE, SECONDARY, UNDERGRADUATE AND GRADUATE EDUCATION IN THE STATE OF CONNECTICUT, AND TO PERFORM SUCH OTHER WORKS OF EDUCATION, CHARITY AND RELIGION. A FAIRFIELD UNIVERSITY EDUCATION HAS BECOME MORE INTEGRATED IN FOCUS, MORE GLOBAL IN OUTLOOK, AND MORE INTENTIONAL IN ITS STRUCTURE THAN EVER BEFORE IN THE JESUIT TRADITION. WE ARE COMMITTED TO CREATING A STUDENT-FOCUSED, HOLISTIC, AND DIVERSE EDUCATIONAL ENVIRONMENT INTENDED TO EDUCATE THE WHOLE PERSON, MIND, BODY AND SPIRIT. WE WANT TO CULTIVATE IN BOTH OUR UNDERGRADUATE AND GRADUATE STUDENTS A SENSE OF COMMUNITY AND STRONG ETHICAL AND SPIRITUAL VALUES TO GUIDE THEM ON THEIR PATHS INTO THE FUTURE.
Activities or mission (Part I)
FAIRFIELD'S MISSION IS TO DEVELOP THE CREATIVE INTELLECTUAL POTENTIAL OF ITS STUDENTS AND TO FOSTER IN THEM ETHICAL AND RELIGIOUS VALUES AND A SENSE OF SOCIAL RESPONSIBILITY.
-
HIGHER LEARNING: FAIRFIELD UNIVERSITY IS AN INSTITUTE OF HIGHER LEARNING WITH UNDERGRADUATE, GRADUATE, DOCTORATE AND CONTINUING EDUCATION ACADEMIC PROGRAMS INCLUDING STUDENTS RESIDING ON CAMPUS AND INCLUDES A COLLEGE PREPARATORY SCHOOL. SEE SCHEDULE O.
Expenses $299,871,484 · Grants $124,334,323 · Revenue $327,249,745
-
AUXILIARY SERVICES: AUXILIARY SERVICES INCLUDE THE COSTS OF ROOM AND BOARD FOR APPROXIMATELY 3,743 FULL-TIME UNDERGRADUATE STUDENTS LIVING ON CAMPUS IN RESIDENCE HALLS, TOWNHOUSES, AND APARTMENT COMPLEXES RESIDING ON A 200 ACRE CAMPUS. GRADUATE STUDENT HOUSING IS ALSO OFFERED IN INDEPENDENT OFF-CAMPUS HOUSES, AND IN APARTMENT STYLE RESIDENCE HALLS.
Expenses $51,290,626 · Revenue $68,657,805
-
OTHER ACTIVITIES: A VARIETY OF STUDENT SERVICES INCLUDING ARTS AND ENTERTAINMENT AT THE QUICK CENTER, STUDENT ACTIVITIES FOR CLUB SPORTS, AND OTHER ITEMS.
Expenses $5,107,870 · Revenue $7,116,430
As filed on the 2023 return.
Listed in Part VII
-
Mark R Nemec PhDMARK R NEMEC PHD
PRESIDENT
- Total calculated
- $959,920
- From this org
- $825,357
- From related orgs
- $0
- Other
- $134,563
- Hours/week
- 45
Schedule J breakdown matched by us
- Base
- $606,447
- Bonus
- $210,000
- Other
- $8,910
- Deferred
- $29,700
- Nontaxable benefits
- $104,863
- Filer's total
- $959,920
-
ANDREW J McMAHON
TRUSTEE (AS OF 7-1-2023)
- Total calculated
- $0
- Hours/week
- 5
-
Brian P HullBRIAN P HULL
TRUSTEE
- Total calculated
- $0
- Hours/week
- 5
-
Christopher C DesmaraisCHRISTOPHER C DESMARAIS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 5
-
Christopher C QuickCHRISTOPHER C QUICK
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Clinton A Lewis JrCLINTON A LEWIS JR
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Dagan T KasavanaDAGAN T KASAVANA
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Douglas W HammondDOUGLAS W HAMMOND
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Elner L MorrellELNER L MORRELL
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Gavin G O'ConnorGAVIN G O'CONNOR
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Hugh DavisHUGH DAVIS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
John C MeditzJOHN C MEDITZ
TRUSTEE
- Total calculated
- $0
- Hours/week
- 5
-
Jorge A ChiluisaJORGE A CHILUISA
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Kevin P CannonKEVIN P CANNON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 5
-
Lisa M FerraroLISA M FERRARO
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Mary Ryan CunninghamMARY RYAN CUNNINGHAM
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Maureen Errity BujnoMAUREEN ERRITY BUJNO
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Nancy A AltobelloNANCY A ALTOBELLO
TRUSTEE
- Total calculated
- $0
- Hours/week
- 5
-
Patricia E GlassfordPATRICIA E GLASSFORD
TRUSTEE
- Total calculated
- $0
- Hours/week
- 5
-
Phillip J NeugebauerPHILLIP J NEUGEBAUER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Rev Christopher J Devron SjREV CHRISTOPHER J DEVRON SJ
TRUSTEE (AS OF 7-1-2023)
- Total calculated
- $0
- Hours/week
- 5
-
Rev Gregory A Kalscheur SjREV GREGORY A KALSCHEUR SJ
TRUSTEE
- Total calculated
- $0
- Hours/week
- 5
-
Rev Gregory M Goethals SjREV GREGORY M GOETHALS SJ
TRUSTEE (AS OF 7-1-2023)
- Total calculated
- $0
- Hours/week
- 1
-
Rev John P Mulreany SjREV JOHN P MULREANY SJ
TRUSTEE (AS OF 7-1-2023)
- Total calculated
- $0
- Hours/week
- 1
-
Rev Mario M Powell SjREV MARIO M POWELL SJ
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Robert J Murphy JrROBERT J MURPHY JR
TRUSTEE
- Total calculated
- $0
- Hours/week
- 5
-
Rosellen Walsh SchnurrROSELLEN WALSH SCHNURR
TRUSTEE
- Total calculated
- $0
- Hours/week
- 5
-
Sheila Kearney DavidsonSHEILA KEARNEY DAVIDSON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 5
-
Shelagh Mahoney-McNameeSHELAGH MAHONEY-MCNAMEE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Stephen M LessingSTEPHEN M LESSING
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Thomas J Fanning SrTHOMAS J FANNING SR
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Kristine CarrollKRISTINE CARROLL
SECRETARY
- Total calculated
- $138,205
- From this org
- $76,248
- From related orgs
- $0
- Other
- $61,957
- Hours/week
- 45
-
Michael TrafecanteMICHAEL TRAFECANTE
VP FOR FINANCE, CFO & TREASURER
- Total calculated
- $517,044
- From this org
- $363,130
- From related orgs
- $0
- Other
- $153,914
- Hours/week
- 45
Schedule J breakdown matched by us
- Base
- $295,630
- Bonus
- $67,500
- Other
- $0
- Deferred
- $26,197
- Nontaxable benefits
- $127,717
- Filer's total
- $517,044
-
Christine SiegelCHRISTINE SIEGEL
PROVOST & SR VP ACADEMICS
- Total calculated
- $590,834
- From this org
- $508,514
- From related orgs
- $0
- Other
- $82,320
- Hours/week
- 45
Schedule J breakdown matched by us
- Base
- $387,327
- Bonus
- $121,187
- Other
- $0
- Deferred
- $29,700
- Nontaxable benefits
- $52,620
- Filer's total
- $590,834
-
David FrassinelliDAVID FRASSINELLI
VP OF FACILITIES, CAMPUS & AUXILIARY SERVICES
- Total calculated
- $350,264
- From this org
- $289,294
- From related orgs
- $0
- Other
- $60,970
- Hours/week
- 45
Schedule J breakdown matched by us
- Base
- $235,501
- Bonus
- $53,793
- Other
- $0
- Deferred
- $21,744
- Nontaxable benefits
- $39,226
- Filer's total
- $350,264
-
Joanne WilliamsJOANNE WILLIAMS
SR VP FOR FINANCE & ADMIN
- Total calculated
- $510,029
- From this org
- $457,186
- From related orgs
- $0
- Other
- $52,843
- Hours/week
- 45
Schedule J breakdown matched by us
- Base
- $364,823
- Bonus
- $72,000
- Other
- $20,363
- Deferred
- $29,700
- Nontaxable benefits
- $23,143
- Filer's total
- $510,029
-
Richard GreenwaldRICHARD GREENWALD
DEAN, SCHOOL OF CAS
- Total calculated
- $360,441
- From this org
- $284,468
- From related orgs
- $0
- Other
- $75,973
- Hours/week
- 45
Schedule J breakdown matched by us
- Base
- $246,668
- Bonus
- $37,800
- Other
- $0
- Deferred
- $22,935
- Nontaxable benefits
- $53,038
- Filer's total
- $360,441
-
John YoungJOHN YOUNG
HEAD MBB COACH (end 10-16-2023)
- Total calculated
- $1,124,641
- From this org
- $1,061,638
- From related orgs
- $0
- Other
- $63,003
- Hours/week
- 45
Schedule J breakdown matched by us
- Base
- $419,868
- Bonus
- $0
- Other
- $641,770
- Deferred
- $29,700
- Nontaxable benefits
- $33,303
- Filer's total
- $1,124,641
-
Laurie McCarthyLAURIE MCCARTHY
Dean, School of Edu and Human Development (end 5-31-2023)
- Total calculated
- $470,103
- From this org
- $459,504
- From related orgs
- $0
- Other
- $10,599
- Hours/week
- 45
Schedule J breakdown matched by us
- Base
- $114,440
- Bonus
- $0
- Other
- $345,064
- Deferred
- $7,782
- Nontaxable benefits
- $2,817
- Filer's total
- $470,103
-
Paul SchlickmannPAUL SCHLICKMANN
VP OF ATHLETICS
- Total calculated
- $463,647
- From this org
- $378,940
- From related orgs
- $0
- Other
- $84,707
- Hours/week
- 45
Schedule J breakdown matched by us
- Base
- $307,531
- Bonus
- $67,725
- Other
- $3,684
- Deferred
- $28,704
- Nontaxable benefits
- $56,003
- Filer's total
- $463,647
-
Walter HalasWALTER HALAS
VP OF ADVANCEMENT
- Total calculated
- $489,417
- From this org
- $414,525
- From related orgs
- $0
- Other
- $74,892
- Hours/week
- 45
Schedule J breakdown matched by us
- Base
- $333,449
- Bonus
- $75,026
- Other
- $6,050
- Deferred
- $29,700
- Nontaxable benefits
- $45,192
- Filer's total
- $489,417
-
Zhan LiZHAN LI
DEAN, SCHOOL OF BUSINESS
- Total calculated
- $512,565
- From this org
- $462,668
- From related orgs
- $0
- Other
- $49,897
- Hours/week
- 45
Schedule J breakdown matched by us
- Base
- $367,388
- Bonus
- $82,349
- Other
- $12,931
- Deferred
- $29,700
- Nontaxable benefits
- $20,197
- Filer's total
- $512,565
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
- 1a · Health or social club dues or initiation fees
- 1b · Written policy on the line-1a expenses
- 2 · Substantiation required before reimbursing expenses
- 3 · Compensation committee
- 3 · Independent compensation consultant
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
- 4a · Severance or change-of-control payment
- 7 · Other non-fixed payments
Answered no
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- Schedule J, Part I, Line 1a Housing allowance or residence for personal use
- THE PRESIDENT RESIDES IN A HOUSE THAT WAS DONATED TO THE UNIVERSITY SPECIFICALLY FOR THE PRESIDENT'S USE. THE HOUSE IS USED FOR UNIVERSITY EVENTS. THE PRESIDENT LIVES IN THE HOUSE FOR THE CONVENIENCE OF THE UNIVERSITY. ALL AMOUNTS ARE INCLUDED IN NON-TAXABLE BENEFITS IN COLUMN D OF SCHEDULE J, PART II, COLUMN (D). THE UNIVERSITY PROVIDES AN APARTMENT FOR USE BY THE DEAN OF THE SCHOOL OF BUSINESS AND SENIOR VP OF FINANCE & ADMINISTRATION. ALL AMOUNTS ARE INCLUDED IN TAXABLE INCOME.
- Schedule J, Part I, Line 1a Health or social club dues or initiation fees
- THE PRESIDENT RECEIVED MEMBERSHIP TO A CLUB FOR THE PURPOSE OF ENTERTAINING POTENTIAL DONORS. ALL AMOUNTS ARE INCLUDED IN TAXABLE INCOME.
- Schedule J, Part I, Line 4a Severance or change-of-control payment
- JOHN YOUNG RECEIVED A SEVERANCE PAYMENT OF $638,932. LAURIE MCCARTHY RECEIVED A SEVERANCE PAYMENT OF $345,064.
- Schedule J, Part I, Line 7 Non-fixed payments
- VARIOUS MEMBERS OF MANAGEMENT WERE AWARDED A PERFORMANCE BONUS BASED ON SUCCESSFUL ATTAINMENT OF PERFORMANCE BASED OBJECTIVES.
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
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 15 May 2025
- IRS schema version
- 2023v6.0
- Source object
- 202511359349313291
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