2023-12-01T09:13:09-06:00 2023-06-30 221478099 COHNREZNICK LLP 350 CHURCH STREET 12TH FLOOR HARTFORD CT 06103 990 2022-07-01 060646520 ALBERTUS MAGNUS COLLEGE ALBE 2037738516 700 PROSPECT STREET NEW HAVEN CT 06511 LAURI STRIMKOVSKY VP FOR FINANCE AND ADMIN 2037738516 2023-11-30 1 LAURI STRIMKOVSKY 999009999 0 LAURA KIELCZEWSKI P00740769 9592007000 2023-11-30 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z LAURI STRIMKOVSKY 700 PROSPECT STREET NEW HAVEN CT 06511 60654292 0 X WWW.ALBERTUS.EDU X 1925 CT TO PROVIDE HIGHER EDUCATION TO COLLEGE STUDENTS 22 21 622 24 40077 0 4703931 8420296 34496294 36827938 6908566 2746172 -11498 438232 46097293 48432638 14129976 14029304 0 0 19769545 19241720 0 0 1382805 13445709 13884158 47345230 47155182 -1247937 1277456 71777424 75659174 32185346 31974331 39592078 43684843 TO MAINTAIN AND OPERATE AN INSTITUTION OF HIGHER LEARNING WHICH PROVIDES INSTRUCTION IN THE LIBERAL ARTS AND SCIENCES AND CONFERS DEGREES UPON THE COMPLETION OF CURRICULA PRESCRIBED BY THE COLLEGE IN ACCORDANCE WITH ITS CHARTER AND THE LAWS OF THE STATE OF CONNECTICUT. 0 0 26692207 14029304 31723024 INSTRUCTION, LIBRARY, AND STUDENT AID OF APPROXIMATELY 1,500 COLLEGE STUDENTS BY APPROXIMATELY 120 QUALIFIED INSTRUCTORS AND THE OPERATION OF THE PHYSICAL PLANT. 10578559 5167993 STUDENT SERVICES AND AUXILIARY (STUDENT SUPPORT) SERVICES CONSISTING OF HOUSING, FOOD SERVICE, LAUNDRY SERVICE, INFIRMARY AND COUNSELING OF APPROXIMATELY 1,500 COLLEGE STUDENTS. 37270766 1 1 0 1 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 129 0 1 622 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 22 21 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CT X LAURI STRIMKOVSKY VP FOR FINANCE AND ADMIN 2037738516 700 PROSPECT STREET NEW HAVEN CT 06511 ALEXANDER CLARK TRUSTEE 1.00 X 0 0 0 ANNE O MCCRORY JD TRUSTEE/VICE CHAIR 1.00 X X 0 0 0 BARBARA L PEARCE JD TRUSTEE 1.00 X 0 0 0 BISHOP THEODORE L BROOKS SR TRUSTEE 1.00 X 0 0 0 FRANKLIN REYNOLDS TRUSTEE 1.00 X 0 0 0 GIOVANNI DUAQUI TRUSTEE 1.00 X 0 0 0 HOPE CAHOON TRUSTEE 1.00 X 0 0 0 JOAN E SACCO TRUSTEE 1.00 X 0 0 0 JOHN R NESTER TRUSTEE 1.00 X 0 0 0 JOSEPH P GERMAIN JR TRUSTEE/SECRETARY 1.00 X X 0 0 0 KERRY ALYS ROBINSON TRUSTEE 1.00 X 0 0 0 LAWRENCE P WARD TRUSTEE 1.00 X 0 0 0 MARC M CAMILLE ED D PRESIDENT/TRUSTEE 40.00 X X 431253 0 28230 PAUL MCCRAVEN TRUSTEE 1.00 X 0 0 0 ROBERT J LYONS JR TREASURER/TRUSTEE 1.00 X X 0 0 0 SISTER ANNE LYTHGOE OP TRUSTEE 1.00 X 0 0 0 SISTER PATRICIA TWOHILL OP TRUSTEE 1.00 X 0 0 0 SISTER SUSAN OLSON OP TRUSTEE 1.00 X 0 0 0 SISTER VIRGINIA BRUEN OP TRUSTEE 1.00 X 0 0 0 TABITHA W MANAFORT TRUSTEE 1.00 X 0 0 0 THOMAS F FLYNN PH D TRUSTEE 1.00 X 0 0 0 VINCENT PETRINI CHAIR/TRUSTEE 1.00 X X 0 0 0 LAURI STRIMKOVSKY VP FOR FINANCE 40.00 X 195590 0 22898 ANDREA KOVACS VP FOR EM&M 40.00 X 165188 0 37568 MARY YOUNG VP FOR ADVANCEMENT 40.00 X 171261 0 21443 SEAN O'CONNELL VP FOR ACADEMIC AFFAIRS 40.00 X 195209 0 24821 STEVEN GSTALDER OUTGOING VP FOR INFORMATION TECHNOLOGY 40.00 X 160952 0 40791 WILLIAM ANISKOVICH DEAN OF THE TAGLIATELA SCHOOL OF BUSINESS LEADERSH 40.00 X 164288 0 0 1483741 0 175751 7 0 1 0 0 58583 7803812 557901 8420296 TUITION AND FEES 611310 31619868 31619868 STUDENT SUPPORT SERVICES 611710 5208070 5167993 40077 36827938 586091 586091 362500 0 362500 362500 362500 14298075 11972141 165853 2325934 -165853 2160081 2160081 56236 58583 83660 -27424 -27424 CLINICAL RESEARCH REFUND 900099 73231 73231 HANOVER INSURANCE 900099 15190 15190 DIVVY REBATES 900099 8435 8435 6300 6300 103156 48432638 36891017 40077 3081248 14029304 14029304 733576 542846 7336 183394 14672413 11880483 1947890 844040 442740 355302 61728 25710 2087336 1988245 78551 20540 1305655 917381 269003 119271 203388 203388 4540189 2270211 2269978 490088 40048 427537 22503 1730664 633376 932695 164593 35200 35200 899774 740410 159364 518780 491243 24783 2754 434234 172334 261900 1138030 1138030 1944887 1874062 70825 GUARD SERVICES 906431 906431 BAD DEBTS 475437 475437 MEMBERSHIP & DUES 364715 198747 165968 EQUIPMENT AND RENTAL MA 195143 195143 7198 7198 47155182 37270766 8501611 1382805 996705 207915 2399263 963011 56432 6098019 835479 957676 295666 217647 29384 33612 168000 283648 67406651 36006079 32579719 31400572 34383109 35463407 33667 33667 71777424 75659174 4878689 4980946 1096564 308641 17880976 17479856 8329117 9204888 32185346 31974331 X 29100033 32340227 10492045 11344616 39592078 43684843 71777424 75659174 1277456 2815309 0 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 0 PART 11-B, LINE 1, LOBBYING ACTIVITITES: ALBERTUS MAGNUS COLLEGE MAY INDIRECTLY INCUR LOBBYING EXPENSES THROUGH DUES PAID TO OTHER ORGANIZATIONS. 25962284 959516 4502195 5188762 26235233 34550522 592781 -4468017 4713002 25962284 25821156 1079294 9316072 1666000 34550522 26162088 185956 2195044 2721932 25821156 8681852 16278274 2337962 1136000 26162088 0.64393 0.17744 0.17863 0 0 829826 829826 56567490 28126581 28440909 541881 251055 290826 9410827 7583869 1826958 56627 44574 12053 31400572 LOAN FUNDS REFUNDABLE 184350 LINE OF CREDIT 9020538 9204888 X 36867309 2815309 2815309 34052000 14380638 14380638 48432638 32774544 83660 83660 32690884 14464298 14464298 47155182 PART X, LINE 2: MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE COLLEGE AND HAS CONCLUDED THAT, AS OF JUNE 30, 2023 AND 2022, THERE ARE NO UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE COLLEGE'S FEDERAL INFORMATION RETURNS PRIOR TO FISCAL YEAR 2020 ARE CLOSED AND MANAGEMENT CONTINUALLY EVALUATES EXPIRING STATUES OF LIMITATION, AUDITS, PROPOSED SETTLEMENT, CHANGES IN TAX LAW AND NEW AUTHORITATIVE RULINGS. IF THE COLLEGE HAD UNRELATED BUSINESS INCOME TAXES, IT WOULD RECOGNIZE INTEREST AND PENALTIES ASSOCIATED WITH ANY TAX MATTERS AS PART OF INCOME TAX PROVISION AND INCLUDED ACCRUED INTEREST AND PENALTIES WITH THE RELATED TAX LIABILITY IN THE STATEMENTS OF FINANCIAL POSITION. PART XI, LINE 4B - OTHER ADJUSTMENTS: INSTITUTIONAL STUDENT AID 12,710,968. FUNDRAISING EXPENSES -83,660. TUITION DISCOUNT 1,753,330. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 83,660. PART XII, LINE 4B - OTHER ADJUSTMENTS: INSTITUTIONAL STUDENT AID 12,710,968. TUITION DISCOUNT 1,753,330. PART V, LINE 4: THE COLLEGE HAS ADOPTED INVESTMENT AND SPENDING POLICIES FOR ENDOWMENT ASSETS THAT ATTEMPT TO PROVIDE A PREDICTABLE STREAM OF FUNDING TO PROGRAMS SUPPORTED BY ITS ENDOWMENT WHILE SEEKING TO MAINTAIN THE PURCHASING POWER OF THE ENDOWMENT ASSETS. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 NOTED IN GENERAL PUBLICATIONS AND ADVERTISEMENTS. SCHEDULE E, PART I, LINE 6 SCHEDULE E - LINE 6A: THE COLLEGE PARTICIPATES IN FEDERAL STUDENT FINANCIAL ASSISTANCE PROGRAMS. GOLF SUMMER 2022 38775 11449 27326 27326 23856 GOLF SPRING 2023 76044 47134 28910 28910 3568 114819 58583 56236 56236 27424 83660 -27424 1 STUDENT FINANCIAL AID 690 14029304 FMV REDUCTION OF TUITION COST CHARGED TO STUDENTS PART I, LINE 2: THE FINANCIAL AID OFFICE WORKS WITH STUDENTS IN COMPLETING THE APPLICATION FOR FINANCIAL AID. ALL AWARDS ARE SUBJECT TO ADJUSTMENT BASED ON CHANGES IN ENROLLMENT, CHANGES IN HOUSING STATUS, CHANGES IN NEED, NEED ANALYSIS, FAILURE TO MAINTAIN SATISFACTORY ACADEMIC PROGRESS AND CONFLICTING INFORMATION ON THE STUDENT LOAN DATA SYSTEM. REVISIONS ARE MADE IN A TIMELY MANNER WHEN THE FINANCIAL AID OFFICE IS NOTIFIED OF A CHANGE IN ELIGIBILITY. X 1 1 X X X X 0 0 0 0 0 0 0 1 0 MARC M CAMILLE ED D PRESIDENT/TRUSTEE 370128 0 19125 0 42000 0 13387 0 14843 0 459483 0 0 0 SEAN O'CONNELL VP FOR ACADEMIC AFFAIRS 195209 0 0 0 0 0 11014 0 13807 0 220030 0 0 0 LAURI STRIMKOVSKY VP FOR FINANCE 195590 0 0 0 0 0 11250 0 11648 0 218488 0 0 0 ANDREA KOVACS VP FOR EM&M 165188 0 0 0 0 0 8032 0 29536 0 202756 0 0 0 STEVEN GSTALDER OUTGOING VP FOR INFORMATION TECHNOLO 160952 0 0 0 0 0 5802 0 34989 0 201743 0 0 0 MARY YOUNG VP FOR ADVANCEMENT 171261 0 0 0 0 0 6248 0 15195 0 192704 0 0 0 WILLIAM ANISKOVICH DEAN OF THE TAGLIATELA SCHOOL OF BUS 164288 0 0 0 0 0 0 0 0 0 164288 0 0 0 PART I, LINE 1A PAYMENTS MADE FOR HOUSING ALLOWANCE ARE STIPULATED IN THE EMPLOYMENT CONTRACT AND INCLUDED IN SCHEDULE J, PART II, COLUMN (B)(III). PART I, LINE 7 BONUSES ARE PAID TO INDIVIDUALS BASED ON PERFORMANCE METRICS. BONUS AMOUNTS ARE INCLUDED IN PART II, COLUMN B(II). FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS REVIEWED AND APPROVED BY THE PRESIDENT, VP FOR FINANCE AND ADMINISTRATION, AND FINANCE COMMITTEE PRIOR TO PROVIDING A COPY TO THE FULL BOARD FOR THEIR REVIEW. ONCE APPROVED BY THE BOARD, FORM 990 IS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE PRESIDENT OF THE COLLEGE MONITORS THE RETURN OF THE CONFLICT OF INTEREST FORMS WHICH MUST BE SIGNED ANNUALLY BY ALL OFFICERS, TRUSTEES AND KEY EMPLOYEES. ANY DISCLOSED CONFLICT IS REPORTED TO THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES, ACTING AS THE COMPENSATION COMMITTEE, OVERSEES, REVIEWS AND APPROVES ALL COMPENSATION ON AN ANNUAL BASIS WITH THE ADVICE OF A COMPENSATION CONSULTANT, USING COMPARABILITY DATA AND CONTEMPORANEOUSLY DOCUMENTS THE DECISION MAKING PROCESS. FORM 990, PART VI, SECTION C, LINE 19 THE COLLEGE MAKES ITS CONFLICT OF INTEREST POLICY, ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST.