2024-05-03T16:37:11-05:00 2023-06-30 366055558 GRANT THORNTON LLP 757 THIRD AVENUE 3RD FLOOR NEW YORK NY 100172013 990 2022-07-01 210634584 MONMOUTH UNIVERSITY INC MONM 7325713407 400 CEDAR AVENUE WEST LONG BRANCH NJ 077641898 PATRICK F LEAHY PRESIDENT 7325713407 2024-05-03 1 PATRICK LEAHY XXX-XX-XXXX 1 DANIEL ROMANO P00504182 2125990100 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z MONMOUTH UNIVERSITY PATRICK F LEAHY 400 CEDAR AVENUE WEST LONG BRANCH NJ 077641898 373608372 0 X WWW.MONMOUTH.EDU X 1948 NJ MONMOUTH UNIVERSITY IS A COMPREHENSIVE INSTITUTION OF HIGHER EDUCATION (CONTINUED ON SCH. O) COMMITTED TO EXCELLENCE AND INTEGRITY IN TEACHING, SCHOLARSHIP AND SERVICE. 30 27 2902 920 454692 223301 25783447 37631718 234982741 229979635 6711118 5845828 1555217 1372823 269032523 274830004 89770997 82527972 0 0 117261337 119430124 0 0 3237577 60395817 59753390 267428151 261711486 1604372 13118518 429689394 440888728 56070300 47500778 373619094 393387950 X SEE SCHEDULE OMONMOUTH UNIVERSITY IS A COMPREHENSIVE INSTITUTION OF HIGHER EDUCATION COMMITTED TO EXCELLENCE AND INTEGRITY IN TEACHING, SCHOLARSHIP AND SERVICE. THROUGH ITS OFFERINGS IN LIBERAL ARTS, SCIENCES, AND PROFESSIONAL PROGRAMS, MONMOUTH UNIVERSITY EDUCATES AND PREPARES STUDENTS TO REALIZE THEIR POTENTIAL AS LEADERS AND TO BECOME ENGAGED CITIZENS IN A DIVERSE AND INCREASINGLY INTERDEPENDENT WORLD. 0 0 219843879 82527972 229979635 SEE SCHEDULE OHIGHER EDUCATION, RESEARCH AND PUBLIC SERVICE:MONMOUTH UNIVERSITY'S 170.21-ACRE CAMPUS IS LOCATED IN WEST LONG BRANCH ALONG NEW JERSEY'S NORTHERN COASTLINE, AND APPROXIMATELY ONE HOUR FROM BOTH NEW YORK CITY AND PHILADELPHIA. MONMOUTH IS A PRIVATE UNIVERSITY THAT OFFERS INNOVATIVE ACADEMIC PROGRAMS INCLUDING 33 BACHELOR'S DEGREES, 25 MASTER'S DEGREES AND FOUR DOCTORAL DEGREES THROUGH THE SIX ACADEMIC SCHOOLS OF LEON HESS BUSINESS SCHOOL, EDUCATION, HUMANITIES AND SOCIAL SCIENCES, NURSING AND HEALTH STUDIES, SCIENCE, AND SOCIAL WORK; AND ALSO, THE UNIVERSITY HAS AN HONORS SCHOOL.AT MONMOUTH UNIVERSITY, THERE ARE SIX UNIQUE ORGANIZATIONS, KNOWN AS CENTERS OF DISTINCTION, WHICH WORK TO PROMOTE AWARENESS OF SPECIFIC ISSUES AND MEET THE NEEDS OF LOCAL AND GLOBAL COMMUNITIES. MONMOUTH'S CENTERS OF DISTINCTION - THE INSTITUTE OF HEALTH AND WELLNESS (IHW), THE POLLING INSTITUTE, THE URBAN COAST INSTITUTE, THE KISLAK REAL ESTATE INSTITUTE, THE CENTER OF THE ARTS, AND THE BRUCE SPRINGSTEEN ARCHIVES AND CENTER FOR AMERICAN MUSIC - PROVIDE IMPORTANT SERVICES IN AREAS SUCH AS THE ENVIRONMENT, GLOBAL AFFAIRS, AND PUBLIC POLICY AS WELL AS HANDS-ON LEARNING OPPORTUNITIES FOR THE STUDENTS.MONMOUTH IS ACCREDITED BY THE MIDDLE STATES COMMISSION OF HIGHER EDUCATION AND HOLDS SPECIALIZED ACCREDITATIONS WITH THE ASSOCIATION TO ADVANCE COLLEGIATE SCHOOLS OF BUSINESS (AACSB), ENGINEERING ACCREDITATION COMMISSION OF ABET, COMMISSION ON COLLEGIATE NURSING EDUCATION (CCNE), COUNCIL ON SOCIAL WORK EDUCATION (CSWE), COUNCIL FOR ACCREDITATION FOR EDUCATOR PREPARATION (CAEP), COUNCIL FOR ACCREDITATION OF COUNSELING AND RELATED EDUCATION PROGRAMS (CACREP) (MSED AND MS CLINICAL MENTAL HEALTH COUNSELING), COUNCIL ON ACADEMIC ACCREDITATION IN AUDIOLOGY AND SPEECH-LANGUAGE PATHOLOGY OF THE AMERICAN SPEECH AND-LANGUAGE HEARING ASSOCIATION (ASHA) (MSED SPEECH-LANGUAGE PATHOLOGY), ARC-PA (ACCREDITATION PROBATION STATUS), ON THE APPROVED LIST OF THE AMERICAN CHEMICAL SOCIETY (ACS) BS CHEMISTRY WITH A CONCENTRATION IN ADVANCED CHEMISTRY AND THE CERTIFICATE IN APPLIED BEHAVIOR ANALYSIS IS THE COURSE SEQUENCE APPROVED BY THE BEHAVIOR ANALYST CERTIFICATION BOARD TO BE ELIGIBLE TO TAKE THE BOARD CERTIFIED BEHAVIOR ANALYST EXAMINATION.MONMOUTH'S FALL 2022 STUDENT ENROLLMENT WAS 3,811 UNDERGRADUATE (96% FULL-TIME) AND 1,216 GRADUATE STUDENTS (49% FULL-TIME) WHO REPRESENTED 34 STATES AND THE DISTRICT OF COLUMBIA AND 30 COUNTRIES. MONMOUTH EMPLOYS 278 FULL-TIME FACULTY OF WHOM 85% HAVE EARNED THEIR TERMINAL DEGREE. MONMOUTH STUDENTS RECEIVE INDIVIDUALIZED FACULTY ATTENTION WITH A 12:1 STUDENT-TO-FACULTY RATIO AND AVERAGE CLASS SIZES OF 18 FOR UG OR 13 FOR GR. MONMOUTH'S RIGOROUS EDUCATION, WHICH HAS FOUNDATION IN THE LIBERAL ARTS AND AN EMPHASIS ON TRANSFORMATIVE LEARNING IN AND OUTSIDE OF THE CLASSROOM, INCLUDES AN EXPERIENTIAL EDUCATION DEGREE REQUIREMENT FOR ALL UNDERGRADUATE STUDENTS. THE MONMOUTH EXPERIENCE EMPHASIZES CULTURAL AND GLOBAL LITERACY IN THE CURRICULA AND THROUGH OUR STUDY ABROAD AND SERVICE LEARNING OPPORTUNITIES. MONMOUTH'S FIRST-YEAR RETENTION IS 79.2% AND OUR SIX-YEAR GRADUATION RATE IS 68.2%.MONMOUTH'S BEAUTIFUL COASTAL RESIDENTIAL CAMPUS HOUSES AS MANY AS 2,050 STUDENTS ON CAMPUS OR IN UNIVERSITY-OWNED OR SPONSORED OFF-CAMPUS BUILDINGS AND SITS AT THE HEART OF A VIBRANT CULTURE RICH IN HISTORY, THE ARTS, TECHNOLOGY AND ENTREPRENEURSHIP. OUR RENOWNED FACULTY ARE ACTIVELY INVOLVED IN ADVANCING ACADEMIC RESEARCH NATIONWIDE WHILE ENCOURAGING MEANINGFUL COMMUNITY INVOLVEMENT AND CRITICAL THINKING FOR SELF-FULFILLMENT. MONMOUTH HAS 24 DIVISION I NCAA ATHLETIC TEAMS, 16 CLUB SPORTS, AND 13 INTRAMURAL SPORTS. IN ADDITION TO ATHLETICS THERE ARE OVER 130 CLUBS, 31 ACADEMIC/LEADERSHIP HONOR SOCIETIES, GREEK LIFE, A RADIO STATION, A TELEVISION STATION, AND AN AWARD WINNING STUDENT NEWSPAPER. THE ACADEMIC NEEDS OF STUDENTS ARE SUPPORTED BY THE CENTER FOR STUDENT SUCCESS WITH SERVICES THAT INCLUDE ACADEMIC ADVISING, ACADEMIC TRANSITIONS, TUTORIAL AND WRITING SERVICES AND PEER-ASSISTED LEARNING.OUR PROGRESS HAS BEEN WIDELY RECOGNIZED IN ANNUAL RANKINGS OF HIGHER EDUCATION, INCLUDING THE PRINCETON REVIEW'S LIST OF "BEST COLLEGES," MONEY MAGAZINE'S "BEST COLLEGES," FORBES' "AMERICA'S TOP COLLEGES AND IS A CLIMBING UNIVERSITY IN THE U.S. NEWS & WORLD REPORT FOR THE LAST NINETEEN YEARS. MONMOUTH UNIVERSITY IS ALSO RECOGNIZED IN WASHINGTON MONTHLY'S ANNUAL COLLEGE RANKINGS THAT ARE BASED ON OVERALL CONTRIBUTION TO THE PUBLIC GOOD IN THREE BROAD CATEGORIES: SOCIAL MOBILITY, RESEARCH AND PROVIDING OPPORTUNITIES FOR PUBLIC SERVICE.FOR ADDITIONAL INFORMATION, PLEASE VISIT OUR WEBSITE AT WWW.MONMOUTH.EDU. 219843879 1 1 0 1 0 0 0 1 0 1 1 1 0 0 1 1 0 1 1 1 1 0 1 0 1 0 0 1 1 1 0 0 0 0 0 0 1 0 1 1 0 0 0 1 1 1 0 0 1 580 0 1 2902 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 30 27 1 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 CA X X MARY BYRNE 7325713407 400 CEDAR AVENUE WEST LONG BRANCH NJ 077641898 PATRICK F LEAHY PRESIDENT 63.00 7.00 X X 826743 0 111961 JEANA M PISCATELLI TRUSTEE AND CHAIRMAN 7.00 1.00 X X 0 0 0 JOHN A BROCKRIEDE JR TRUSTEE AND VICE CHAIRMAN 5.00 0.00 X X 0 0 0 LESLIE N HITCHNER TRUSTEE AND VICE CHAIRMAN 5.00 1.00 X X 0 0 0 CHRISTOPHER D MAHER TRUSTEE AND TREASURER 5.00 0.00 X X 0 0 0 TASHA ANN YOUNGBLOOD BROWN TRUSTEE AND SECRETARY 3.00 0.00 X X 0 0 0 MILES AUSTIN III TRUSTEE 1.00 0.00 X 0 0 0 MICHAEL V BENEDETTO TRUSTEE 2.00 0.00 X 0 0 0 THOMAS D BYER TRUSTEE (AS OF 07/2022) 1.00 0.00 X 0 0 0 JOHN C CONOVER III TRUSTEE (AS OF 07/2022) 1.00 0.00 X 0 0 0 KARYN F CUSANELLI TRUSTEE 2.00 0.00 X 0 0 0 MARY VADEN EISENSTADT TRUSTEE 1.00 0.00 X 0 0 0 STEPHEN E GERARD TRUSTEE 2.00 0.00 X 0 0 0 JEREMY GRUNIN TRUSTEE 1.00 0.00 X 0 0 0 RAYMOND G KLOSE TRUSTEE 2.00 0.00 X 0 0 0 GEORGE KOLBER TRUSTEE 1.00 0.00 X 0 0 0 MARI C KOVACH TRUSTEE (AS OF 07/2022) 1.00 0.00 X 0 0 0 NANCY A LEIDERSDORFF TRUSTEE 1.00 0.00 X 0 0 0 DEAN Q LIN TRUSTEE 1.00 0.00 X 0 0 0 ALAINA L LOVE TRUSTEE (AS OF 07/2022) 1.00 0.00 X 0 0 0 LISA MCKEAN TRUSTEE 1.00 1.00 X 0 0 0 THOMAS J MICHELLI TRUSTEE 2.00 0.00 X 0 0 0 VALERIE MONTECALVO TRUSTEE 1.00 0.00 X 0 0 0 TAVIT O NAJARIAN TRUSTEE 1.00 0.00 X 0 0 0 CHRISTOPHER W SHAW TRUSTEE 2.00 0.00 X 0 0 0 MARK SKESAVAGE TRUSTEE 1.00 0.00 X 0 0 0 CAROL STILLWELL TRUSTEE 1.00 0.00 X 0 0 0 MARIANNE HESSE LIFE TRUSTEE 1.00 0.00 X 0 0 0 HAROLD L HODES LIFE TRUSTEE 1.00 0.00 X 0 0 0 WILLIAM B ROBERTS LIFE TRUSTEE 1.00 0.00 X 0 0 0 PAMELA SCOTT-JOHNSON - PROVOST & SR VP ACADEMIC AFFAIRS 55.00 0.00 X 375320 0 41394 WILLIAM CRAIG VP FOR FINANCE 55.00 0.00 X 328345 0 59167 ROBERT MCCAIG - VP ENROLLMENT MANAGEMENT & MARKETING 55.00 0.00 X 265106 0 57592 MARY ANNE NAGY VP FOR STUDENT SERVICES 55.00 0.00 X 272755 0 23228 EDWARD CHRISTENSEN VP / INFORMATION MANAGEMENT 55.00 0.00 X 233410 0 51688 AMANDA M KLAUS VP UNIVERSITY ADVANCEMENT 55.00 0.00 X 247656 0 32573 JOHN J CHRISTOPHER VP & GENERAL COUNSEL (THRU 09/2022) 50.00 5.00 X 234084 0 44307 CHARLENE K DIANA - ACTING VP & GENERAL COUNSEL (AS OF 09/2022) 50.00 5.00 X 207018 0 30028 SUSAN GUPTA ASSOCIATE PROVOST 40.00 0.00 X 195126 0 63313 KING D RICE HEAD MENS BASKETBALL COACH 40.00 0.00 X 545648 0 67746 PRAKASAM R DEVASAGAYAM DEAN OF BUSINESS SCHOOL 40.00 0.00 X 329225 0 57457 DONALD MOLIVER PROFESSOR 40.00 0.00 X 286765 0 52264 DATTA NAIK PROFESSOR 40.00 0.00 X 256446 0 37842 PATRICK MURRAY DIRECTOR / POLLING INSTITUTE 40.00 0.00 X 238068 0 51311 LAURA MORIARTY PROFESSOR 40.00 0.00 X 235089 0 33012 REKHA DATTA PROFESSOR 40.00 0.00 X 223439 0 20267 RICHARD F VEIT JR ASSOCIATE DEAN 40.00 0.00 X 184077 0 59200 5484320 0 894350 242 1 1 0 COMPASS GROUP USA INC DBA GOURMET DIN PO BOX 417632 BOSTON MA 022417632 FOOD SERVICE 6468588 CORPORATE INCENTIVES INC DBA CI-GRO 291 US 22 EAST BLDG 9 LEBANON NJ 08833 ADVERTISING 956001 ENCON MECHANICAL INC 3433 SUNSET AVENUE OCEAN NJ 07712 HVAC REPAIRS 770835 ELLUCIAN COMPANY LP 2003 EDMUND HALLEY DRIVE RESTON VA 20191 ENTERPRISE SYSTEMS 507155 BRAUN RESEARCH 271 WALL STREET PRINCETON NJ 08540 POLLING STATS 429355 37 33700 445115 10145036 27007867 311522 37631718 TUITION AND FEES 611310 195563123 195563123 AUXILIARY ENTERPRISES 721310 29495661 29495661 OTHER 900099 4426875 4196144 230731 GOVERNMENT CONTRACTS 541700 493976 493976 229979635 3044832 14026 3030806 58783 58783 989868 0 989868 989868 184401 805467 100989890 295774 97863741 620927 3126149 -325153 2800996 2800996 361607 445115 293700 67907 67907 CONF. & EVENT SERVICES 722320 187638 187638 FITNESS CENTER 713940 27466 27466 SPONSOR ADVERTISING 541800 22563 22563 18598 18598 256265 274830004 229748904 454692 6994690 667383 667383 81447450 81447450 413139 413139 3651010 1059587 2022728 568695 135188 70187 65001 84882808 67674388 15516144 1692276 5010434 4051801 906508 52125 19173519 15207411 3676546 289562 6577165 5176687 1290393 110085 215506 215506 238725 238725 10495 10495 1383213 1383213 13198631 10608315 2590316 2335832 515473 1820359 4385429 3473322 855375 56732 1603868 281497 1322371 12435546 8407849 3840426 187271 3314365 2978612 335753 816422 781633 34789 182659 182659 12001305 11172155 620416 208734 3384201 2524144 799229 60828 BOOKSTORE MATERIALS 1187749 1187749 DUES AND MEMBERSHIPS 940172 303778 630169 6225 LIBRARY MATERIALS 892147 892147 RES. ASST. ROOM & BOARD 766513 766513 460612 455568 5044 261711486 219843879 38630030 3237577 11779 32164 13262640 12002255 10095187 26095336 1255317 890914 447324 471633 2599461 2197045 424055475 236742011 193670097 187313464 70327586 66430296 122589715 131043420 3121329 2949799 12308959 11462402 429689394 440888728 21175087 17774664 7177756 7124578 2931496 0 1772232 1271541 23013729 21329995 56070300 47500778 X 281527854 270702548 92091240 122685402 373619094 393387950 429689394 440888728 13118518 6650338 0 X 0 1 X 1 1 1 X 9826236 13531426 18755076 25783447 37631718 105527903 9826236 13531426 18755076 25783447 37631718 105527903 1596546 103931357 4122316 3539824 2491288 2835178 3895056 16883662 597481 440235 182281 1006649 454692 2681338 396165 252004 95625 224408 361607 1329809 126422712 1182851363 0.82210 0.78340 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: GROSS INCOME FROM SPECIAL EVENTS - 2018 AMOUNT: $ 396,165. 2019 AMOUNT: $ 252,004. 2020 AMOUNT: $ 95,625. 2021 AMOUNT: $ 224,408. 2022 AMOUNT: $ 361,607. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 115592 0 115592 0 257090696 0 257206288 0 1000000 0 250000 0 0 0 1000000 1000000 1000000 1000000 4000000 6000000 114689 109203 102278 115592 441762 250000 250000 250000 250000 1000000 1500000 41101 2935641 X X X X 1 129424000 19958000 9414000 1765000 3839000 153192000 137970000 4090000 -7731000 1598000 3307000 129424000 108463000 2762000 31389000 1496000 3148000 137970000 109097000 3134000 344000 1273000 2839000 108463000 100970000 4766000 7234000 1264000 2609000 109097000 0.33000 0.43000 0.24000 0 0 17922579 17922579 241473121 111423403 130049718 4224584 2054657 2169927 36484639 27524143 8960496 123950552 95739808 28210744 187313464 EQUITY FUNDS 55984116 F FIXED INCOME FUNDS 23779035 F HEDGE EQUITY FUNDS 14060841 F NON MARKETABLE FUNDS 37157869 F OTHER 61559 F 131043420 FUNDS HELD FOR OTHERS 176440 STUDENT LOAN GRANTS REFUNDABLE 2449877 ASSET RETIREMENT OBLIGATION 7642730 OPERATING LEASE LIABILITIES 11060948 21329995 X PART III, LINE 4: THE MONMOUTH UNIVERSITY PERMANENT ART COLLECTION SERVES AS A VITAL TEACHING TOOL AND IS AN INTEGRAL ASSET TO THE DEPARTMENT OF ART AND DESIGN, THE UNIVERSITY CAMPUS AS A WHOLE, AND THE VISITING PUBLIC. THROUGH COMPLIMENTING UNIVERSITY GALLERY EXHIBITIONS AND LECTURES AND WORKSHOPS BY VISITING ARTISTS AND HISTORIANS, THE UNIVERSITY COLLECTION PROVIDES STUDENTS, FACULTY AND THE GENERAL PUBLIC AT LARGE WITH ACCESS TO IMPORTANT PIECES OF ART. THE PERMANENT COLLECTION IS FREQUENTLY ON DISPLAY, SHOWCASING WORKS OF ART. THE UNIVERSITY COLLECTION IS ALSO MADE AVAILABLE TEMPORARILY, PER REQUEST, TO OTHER EDUCATIONAL INSTITUTIONS FOR EXHIBITION AND SCHOLARLY RESEARCH. FOR EXAMPLE, THE COLLECTION CONTAINS SUBSTANTIAL WORKS BY LEWIS MUMFORD AND JACOB LANDAU. WITH PROPER APPROVALS, THESE WORKS ARE MADE AVAILABLE ON LOAN TO REQUESTING INSTITUTIONS. PART V, LINE 4: THE UNIVERSITY'S ENDOWMENT CONSISTS OF INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES INCLUDING SCHOLARSHIPS, FACULTY CHAIRS, INSTRUCTION, ACADEMIC SUPPORT, AND OPERATION AND MAINTENANCE OF THE PHYSICAL PLANT. PART X, LINE 2: FIN 48 THE UNIVERSITY IS AN ORGANIZATION DESCRIBED UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (THE CODE) AND, THEREFORE, IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(A) OF THE CODE ON INCOME GENERATED BY ACTIVITIES THAT ARE SUBSTANTIALLY RELATED TO ITS TAX-EXEMPT PURPOSE. THERE ARE CERTAIN TRANSACTIONS THAT COULD BE DEEMED UNRELATED BUSINESS INCOME AND COULD RESULT IN A TAX LIABILITY. MANAGEMENT REVIEWS TRANSACTIONS TO ESTIMATE POTENTIAL TAX LIABILITIES USING A MORE LIKELY THAN NOT THRESHOLD. IT IS MANAGEMENT'S ESTIMATION THAT THERE ARE NO MATERIAL TAX LIABILITIES THAT NEED TO BE RECORDED. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 MONMOUTH UNIVERSITY MAKES ITS RACIALLY NONDISCRIMINATORY POLICY PUBLIC ON THE UNIVERSITY'S HOMEPAGE AT WWW.MONMOUTH.EDU. LINE 6 - EXPLANATION OF GOVERNMENT FINANCIAL AID: THE UNIVERSITY RECEIVES GRANTS FROM FEDERAL AND STATE GOVERNMENTAL AGENCIES FOR VARIOUS PURPOSES INCLUDING STUDENT FINANCIAL AID, RESEARCH AND TRAINING. GRANTING AGENCIES INCLUDE THE U.S. DEPARTMENT OF EDUCATION (INCLUDING FEDERAL DIRECT LOAN, PELL AND OTHER STUDENT FINANCIAL ASSISTANCE PROGRAMS), THE NJ HIGHER EDUCATION ASSISTANCE AUTHORITY AND THE NJ COMMISSION ON HIGHER EDUCATION (INCLUDING TUITION AID GRANT, EQUAL OPPORTUNITY FUND AND OTHER STUDENT FINANCIAL ASSISTANCE PROGRAMS), U.S. DEPARTMENT OF THE TREASURY (COVID-19 COMMUNITY GRANT RECOVERY PROGRAM), THE NATIONAL OCEANIC AND ATMOSPHERIC ADMINISTRATION, U.S. ENVIRONMENTAL PROTECTION AGENCY, U.S. DEPARTMENT OF NAVY, U.S. DEPARTMENT OF HEALTH AND HUMAN SERVICES, NATIONAL SCIENCE FOUNDATION, NJ DEPARTMENT OF TREASURY, NJ DEPARTMENT OF TRANSPORTATION, AND OTHER FEDERAL AND STATE AGENCIES. 1 CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 11912918 CENTRAL AMERICA AND THE CARIBBEAN 0 1 PROGRAM SERVICES PROFESSIONAL SERVICES 58687 EAST ASIA AND THE PACIFIC 0 1 GRANTMAKING 133051 EAST ASIA AND THE PACIFIC 0 1 PROGRAM SERVICES STUDY ABROAD PROGRAM 129272 EUROPE (INCLUDING ICELAND & GREENLAND) 0 2 PROGRAM SERVICES STUDY ABROAD PROGRAM 513185 EUROPE (INCLUDING ICELAND & GREENLAND) 0 2 GRANTMAKING 267455 EUROPE (INCLUDING ICELAND & GREENLAND) 0 1 PROGRAM SERVICES ACADEMIC SUPPORT 2048 NORTH AMERICA 0 1 PROGRAM SERVICES PROFESSIONAL SERVICES 15039 SOUTH AMERICA 0 1 PROGRAM SERVICES STUDY ABROAD PROGRAM 27700 SOUTH AMERICA 0 1 GRANTMAKING 12633 SOUTH ASIA 0 1 PROGRAM SERVICES RECRUITMENT 1250 0 9 0 3 0 12 13031655 41583 13073238 STUDY ABROAD STUDENTS EUROPE (INCLUDING ICELAND & GREENLAND) 24 267455 ELECTRONIC STUDY ABROAD STUDENTS EAST ASIA AND THE PACIFIC 10 133051 ELECTRONIC STUDY ABROAD STUDENTS SOUTH AMERICA 1 12633 ELECTRONIC 1 0 1 1 1 0 PART III ACCOUNTING METHOD: SCHEDULE F, PART I, LINE 2: MONMOUTH UNIVERSITY GRANTS, INCLUDING THOSE GRANTS RELATED TO STUDENTS PARTICIPATING IN OUR STUDY ABROAD PROGRAM, TAKE THE FORM OF SCHOLARSHIPS AWARDED BY OUR FINANCIAL AID OFFICE FOR TUITION, ROOM, BOARD AND BOOKS. THE SCHOLARSHIPS ARE AWARDED IN ACCORDANCE WITH THE GUIDELINES ESTABLISHED FOR EACH SCHOLARSHIP AND ARE ADMINISTERED BY THE FINANCIAL AID OFFICE. CREDITING OF SCHOLARSHIPS TO STUDENT ACCOUNTS IS ADMINISTERED BY THE BURSAR'S OFFICE. THE SCHOLARSHIPS REPORTED HERE WERE GRANTED TO MONMOUTH UNIVERSITY STUDENTS WHILE THEY WERE STUDYING ABROAD AND REPORTED IN ACCORDANCE WITH THE SCHEDULE F INSTRUCTIONS AND THE IRS'S FILING TIPS. SCHEDULE F, PART IV: MONMOUTH UNIVERSITY INVESTS IN DOMESTIC AND FOREIGN LIMITED PARTNERSHIPS THAT MAY OWN AN INTEREST IN A FOREIGN CORPORATION, PASSIVE FOREIGN INVESTMENT COMPANY, OR FOREIGN PARTNERSHIP. NEVERTHELESS, THE UNIVERSITY'S ACTIVITIES MAY NOT REACH THRESHOLDS REQUIRED FOR FILING FORMS 926, 5471, 8621, OR 8865. TO THE EXTENT SUCH A FORM WAS COMPLETED, IT HAS BEEN FILED WITH THE ORGANIZATION'S FORM 990-T. GALA 365450 238050 127400 80467 2150 15943 GOLF OUTING 354395 185235 169160 30876 93561 292 6 86877 21830 65047 2719 44516 22876 300 806722 445115 361607 2719 30876 138077 103635 2450 15943 293700 67907 1 HUDSON RIVER FOUNDATION FOR SCIENCE AND ENVIRONMENT RESEARCH 17 BATTERY PLACE SUITE 915 NEW YORK NY 10004 133089956 501(C)(3) 427488 0 CARPII (NY/NJ HARBOR CONTAMINANT GRANT SUBRECIPIENT 1) THE CITY OF LONG BRANCH 344 BROADWAY LONG BRANCH NJ 07740 216000806 GOVERNMENT 78188 0 GENERAL SUPPORT SAINT ANSELM COLLEGE 100 SAINT ANSELM DRIVE MANCHESTER NH 03102 020222182 501(C)(3) 14524 0 ORSTED (OCEAN WIND GRANT SUBRECIPIENT 1) BOROUGH OF WEST LONG BRANCH 967 BROADWAY WEST LONG BRANCH NJ 07764 216001351 GOVERNMENT 12268 0 GENERAL SUPPORT TRINITY HALL 101 CORREGIDOR ROAD TINTON FALLS NJ 07724 454641636 501(C)(3) 6300 0 GRUNIN FOUNDATION SOCIAL JUSTICE ACA GRANT SUBRECIPIENT PASSAIC BOARD OF EDUCATION 663 MAIN AVENUE 11TH FL PASSAIC NJ 07055 226002193 GOVERNMENT 6000 0 GRUNIN FOUNDATION SOCIAL JUSTICE ACA GRANT SUBRECIPIENT OLD BRIDGE TOWNSHIP EDUCATION FOUNDATION 4207 ROUTE 516 MATAWAN NJ 07747 223321703 5300 0 GRUNIN FOUNDATION SOCIAL JUSTICE ACA GRANT SUBRECIPIENT 6 1 TUITION DISCOUNT 5093 76037611 AUXILIARY ENTERPRISE DISCOUNT 398 5405487 PRESIDENT'S RELIEF FUND GRANT 6 4352 PART I, LINE 2: MONMOUTH UNIVERSITY GRANTS AND OTHER ASSISTANCE TO ORGANIZATIONS ARE MODEST AND ARE APPROVED BY OUR OFFICE OF PUBLIC AFFAIRS AND MONITORED BY THE PRESIDENT'S CABINET. GRANTS AND OTHER ASSISTANCE TO INDIVIDUALS TAKE THE FORM OF SCHOLARSHIPS TO OUR STUDENTS. THE SOURCE OF FUNDING OF THESE SCHOLARSHIPS MAY BE UNIVERSITY INSTITUTIONAL FUNDS, GOVERNMENT FUNDS OR DONOR FUNDS. UNIVERSITY FUNDED SCHOLARSHIPS ARE ADMINISTERED BY THE UNIVERSITY'S ADMISSIONS OFFICE, BOTH GRADUATE AND UNDERGRADUATE, AND AWARDED USING A CALCULATION DRIVEN BY PRIOR ACADEMIC PERFORMANCE STATISTICS. GOVERNMENT FUNDED SCHOLARSHIPS ARE AWARDED BY THE UNIVERSITY'S FINANCIAL AID OFFICE WITH STRICT ADHERENCE TO GOVERNMENT REGULATIONS AND AWARD CRITERIA. DONOR FUNDED SCHOLARSHIPS, WHETHER SPONSORED OR ENDOWED, ARE AWARDED BY THE UNIVERSITY'S FINANCIAL AID OFFICE WITH STRICT ADHERENCE TO THE DONOR'S WRITTEN AWARD CRITERIA. THE UNIVERSITY'S DEVELOPMENT OFFICE WORKS WITH THE DONOR AT THE TIME OF THE GIFT TO ESTABLISH THE WRITTEN AWARD CRITERIA AND THESE CRITERIA ARE MAINTAINED FOR REFERENCE IN BOTH THE UNIVERSITY'S DEVELOPMENT AND FINANCIAL AID OFFICES. X X X 1 1 X X X X 0 0 0 0 0 0 0 1 0 PATRICK F LEAHY PRESIDENT 543052 0 200000 0 83691 0 24400 0 87561 0 938704 0 0 0 KING D RICE HEAD MENS BASKETBALL COACH 482785 0 0 0 62863 0 24400 0 43346 0 613394 0 0 0 PAMELA SCOTT-JOHNSON - PROVOST & SR VP ACADEMIC AFFAIRS 321932 0 0 0 53388 0 24400 0 16994 0 416714 0 0 0 WILLIAM CRAIG VP FOR FINANCE 317934 0 0 0 10411 0 24400 0 34767 0 387512 0 0 0 PRAKASAM R DEVASAGAYAM DEAN OF BUSINESS SCHOOL 283592 0 0 0 45633 0 23118 0 34339 0 386682 0 0 0 DONALD MOLIVER PROFESSOR 275355 0 0 0 11410 0 22493 0 29771 0 339029 0 0 0 ROBERT MCCAIG - VP ENROLLMENT MANAGEMENT & MARKETING 263766 0 0 0 1340 0 21730 0 35862 0 322698 0 0 0 MARY ANNE NAGY VP FOR STUDENT SERVICES 270587 0 0 0 2168 0 21647 0 1581 0 295983 0 0 0 DATTA NAIK PROFESSOR 246731 0 0 0 9715 0 20024 0 17818 0 294288 0 0 0 PATRICK MURRAY DIRECTOR / POLLING INSTITUTE 235622 0 0 0 2446 0 19139 0 32172 0 289379 0 0 0 EDWARD CHRISTENSEN VP / INFORMATION MANAGEMENT 233410 0 0 0 0 0 19074 0 32614 0 285098 0 0 0 AMANDA M KLAUS VP UNIVERSITY ADVANCEMENT 247540 0 0 0 116 0 19930 0 12643 0 280229 0 0 0 JOHN J CHRISTOPHER VP & GENERAL COUNSEL (THRU 09/2022) 197548 0 0 0 36536 0 18921 0 25386 0 278391 0 0 0 LAURA MORIARTY PROFESSOR 233344 0 0 0 1745 0 18789 0 14223 0 268101 0 0 0 SUSAN GUPTA ASSOCIATE PROVOST 193018 0 0 0 2108 0 16347 0 46966 0 258439 0 0 0 REKHA DATTA PROFESSOR 221607 0 0 0 1832 0 17811 0 2456 0 243706 0 0 0 RICHARD F VEIT JR ASSOCIATE DEAN 183575 0 0 0 502 0 15506 0 43694 0 243277 0 0 0 CHARLENE K DIANA - ACTING VP & GENERAL COUNSEL (AS OF 09/2022) 206470 0 0 0 548 0 16704 0 13324 0 237046 0 0 0 PART I, LINE 1A HOUSING ALLOWANCE OR RESIDENCE FOR THE BENEFIT AND CONVENIENCE OF THE UNIVERSITY IN HAVING THE FUNCTIONS OF THE OFFICE OF THE PRESIDENT EFFICIENTLY DISCHARGED AND AS A CONDITION OF EMPLOYMENT, THE PRESIDENT IS REQUIRED BY THE BOARD OF TRUSTEES TO RESIDE IN A HOME LOCATED ON CAMPUS AND PROVIDED BY THE UNIVERSITY AT ITS EXPENSE. THE VALUE OF THE PRESIDENT'S RESIDENCE FOR PERSONAL USE OF $42,284 IS REPORTED AS NON-TAXABLE COMPENSATION ON FORM 990. HEALTH OR SOCIAL CLUB DUES THE BOARD OF TRUSTEES REQUIRES THE UNIVERSITY TO MAINTAIN A MEMBERSHIP WITH A LOCAL GOLF CLUB SOLELY TO BE USED FOR UNIVERSITY FUNDRAISING, FRIEND RAISING AND OTHER UNIVERSITY BUSINESS. THE PRESIDENT HELD THIS MEMBERSHIP DURING THE YEAR. THIS MEMBERSHIP IS INCLUDED AS NON-TAXABLE COMPENSATION ON FORM 990 ($9,042 FOR THE PRESIDENT). PART I, LINE 7 THE PRESIDENT RECEIVED A BONUS UNDER THE TERMS OF HIS EMPLOYMENT CONTRACT WHICH IS MADE AT THE DISCRETION OF THE BOARD OF TRUSTEES. SCOTT BELFORD FAM MBR OF TRUSTEE 70187 EMPL. COMP. 0 ANGELA MICHELLI FAM MBR OF TRUSTEE 51829 EMPL. COMP. 0 JAMES GAUL FAM MBR OF OFFICER 13172 EMPL. COMP. 0 SCHEDULE L, PART IV: ALL TRANSACTIONS DISCLOSED ON SCHEDULE L ARE MADE AT ARMS-LENGTH TERMS AND NONE ARE INFLUENCED BY THE RELATIONSHIPS THAT EXIST WITH THE INTERESTED PERSONS. X 2 5301 EXPERT OPINION X 7 200728 FMV X 1 40398 SELLING PRICE X 1 35800 EXPERT OPINION X MUSICAL INSTRU. 1 18000 EXPERT OPINION X ART EQUIPMENT 1 8295 SELLING PRICE X MEDICAL EQUIP. 1 3000 FMV 0 0 1 1 PART I, LINE 32B: THE UNIVERSITY USES A STOCKBROKER TO SELL GIFTS OF SECURITIES. SCH M, PART I, LINE 33 THE UNIVERSITY ONLY RECORDS REVENUE FOR NON-CASH CONTRIBUTIONS MEETING THE FOLLOWING CRITERIA: 1) ITEMS ADDED TO OUR EQUIPMENT, LAND, BUILDING, LAND IMPROVEMENT AND SUPPLY INVENTORY WITH A VALUE OF $1,000 OR MORE, A USEFUL LIFE OF ONE YEAR OR MORE, AND 2) WORKS OF ART OR HISTORICAL TREASURES ADDED TO OUR COLLECTION, AND 3) SECURITIES. FORM 990, PART VI, SECTION A, LINE 1A THERE ARE THREE CLASSES OF TRUSTEES WHO SERVE ON THE BOARD OF TRUSTEES: ELECTED TRUSTEES, LIFE TRUSTEES AND TRUSTEES EMERITI. ANY CURRENT ELECTED TRUSTEE WHO HAS SERVED WITH GREAT DISTINCTION FOR AT LEAST TWO CONSECUTIVE TERMS WITHOUT INTERRUPTION MAY BE ELECTED A LIFE TRUSTEE UPON TWO-THIRDS VOTE OF THE COMMITTEE ON TRUSTEES, A TWO-THIRDS VOTE OF THE FULL MEMBERSHIP OF THE EXECUTIVE COMMITTEE AND A TWO-THIRDS VOTE OF THE FULL BOARD OF TRUSTEES. LIFE TRUSTEES SHALL SERVE IN ALL RESPECTS AS FULL MEMBERS OF THE BOARD OF TRUSTEES DURING THEIR FIVE YEAR TERM OF SERVICE EXCEPT THEY SHALL NOT SERVE AS AN OFFICER OF THE BOARD. ANY CURRENT OF FORMER MEMBER OF THE BOARD OF TRUSTEES WHO HAS SERVED WITH DISTINCTION FOR AT LEAST TWO CONSECUTIVE TERMS WITHOUT INTERRUPTION MAY BE ELECTED A TRUSTEE EMERITUS/EMERITA UPON RECOMMENDATION BY THE COMMITTEE ON TRUSTEES, A MAJORITY VOTE OF THE FULL MEMBERSHIP OF THE EXECUTIVE COMMITTEE AND TWO-THIRDS VOTE OF THE FULL BOARD OF TRUSTEES. TRUSTEES EMERITI SHALL BE ELIGIBLE TO VOTE AT COMMITTEE MEETINGS OTHER THAN THOSE MATTERS WHERE THE COMMITTEE ACTION CONSTITUTES FINAL ACTION ON BEHALF OF THE BOARD. THE BOARD OF TRUSTEES HAS AN EXECUTIVE COMMITTEE THAT IS AUTHORIZED TO ACT ON BEHALF OF THE FULL BOARD OF TRUSTEES. THE EXECUTIVE COMMITTEE IS COMPOSED OF THE FOUR OFFICERS OF THE BOARD (CHAIR, VICE CHAIR, TREASURER AND SECRETARY), THE CHAIRS OF ALL STANDING COMMITTEES, TWO AT-LARGE MEMBERS OF THE BOARD APPOINTED BY THE CHAIR OF THE BOARD, THE IMMEDIATE PAST CHAIR OF THE BOARD AND THE PRESIDENT OF THE UNIVERSITY. ALL MEMBERS OF THE EXECUTIVE COMMITTEE ARE MEMBERS OF THE BOARD OF TRUSTEES. THE EXECUTIVE COMMITTEE MAY NOT TAKE ANY ACTION INCONSISTENT WITH A PRIOR ACT OF THE BOARD OF TRUSTEES, AWARD DEGREES (OTHER THAN HONORARY DEGREES), SELECT OR APPOINT TRUSTEES OR OFFICERS, CHANGE THE UNIVERSITY'S MISSION OR PURPOSE, SELL UNIVERSITY'S ASSETS OR PROPERTY, ADOPT THE ANNUAL BUDGET, ALTER BYLAWS, LOCATE PERMANENT BUILDINGS ON PROPERTY HELD FOR UNIVERSITY PURPOSES, REMOVE OR APPOINT THE PRESIDENT OF THE UNIVERSITY, OR TAKE ANY ACTION WHICH HAS BEEN RESERVED FOR THE FULL BOARD OF TRUSTEES. THE EXECUTIVE COMMITTEE ALSO HAS AUTHORITY TO PURCHASE, MANAGE AND SELL LAND, BUILDINGS AND CAPITAL EQUIPMENT, THE CONSTRUCTION OF NEW BUILDINGS AND THE RENOVATIONS OF EXISTING BUILDINGS COSTING BETWEEN $500,000 AND $1,000,000. THE EXECUTIVE COMMITTEE MAY ALSO TAKE ANY ACTION DELEGATED TO IT BY THE FULL BOARD OF TRUSTEES. FORM 990, PART VI, SECTION A, LINE 2 BOARD MEMBERS CHRISTOPHER MAHER AND JEANA PISCATELLI HAVE A BUSINESS RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11B THE BOARD OF TRUSTEES HAS DESIGNATED THE AUDIT COMMITTEE TO BE RESPONSIBLE FOR THE REVIEW OF FORM 990 PRIOR TO SUBMISSION TO THE INTERNAL REVENUE SERVICE. THIS RESPONSIBILITY IS INCLUDED IN THE AUDIT COMMITTEE'S CHARTER. A FINAL DRAFT OF THE FORM 990 IS PRESENTED TO THE AUDIT COMMITTEE AT A REGULAR MEETING FOR THEIR REVIEW AND COMMENT EXCEPT THAT DONOR NAMES ARE REDACTED FROM SCHEDULE B TO PROTECT THE CONFIDENTIALITY OF A SPECIFIC DONOR IN ACCORDANCE WITH THE DONOR'S GRANT AGREEMENT. MODIFICATIONS RESULTING FROM THE REVIEW, IF ANY, ARE MADE BEFORE FILING THE FORM. IN ADDITION, AN EMAIL IS SENT OUT TO EACH MEMBER OF THE BOARD LETTING THEM KNOW THE DRAFT IS AVAILABLE FOR REVIEW AND TO ALLOW THEM AN OPPORTUNITY TO COMMENT ON IT. ALL BOARD MEMBERS RECEIVE A COPY OF THE FINAL VERSION (WITH DONOR NAMES REDACTED FROM SCHEDULE B) OF THE FORM 990 PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF TRUSTEES HAS A CODE OF ETHICS, AS WELL AS A PROVISION IN ITS BYLAWS, WHICH DEALS WITH CONFLICTS OF INTEREST. ALSO, MEMBERS OF THE BOARD, PRESIDENT'S CABINET OFFICERS AND KEY EMPLOYEES COMPLETE AN ANNUAL DISCLOSURE STATEMENT SETTING FORTH THEIR BUSINESS AND OTHER INTERESTS. REVIEW OF SITUATIONS TO DETERMINE A CONFLICT ARE CARRIED OUT BY THE UNIVERSITY'S VICE PRESIDENT AND GENERAL COUNSEL AND IF NECESSARY THE BOARD'S EXECUTIVE COMMITTEE. BOARD MEMBERS FOUND TO HAVE A CONFLICT ON A PARTICULAR ITEM RECUSE THEMSELVES FROM PARTICIPATING AND VOTING IN CONNECTION WITH THAT ITEM. SUCH RECUSALS ARE PLACED ON THE RECORD. FORM 990, PART VI, SECTION B, LINE 15 THE PROCESS FOR DETERMINING COMPENSATION FOR THE PRESIDENT OF THE UNIVERSITY IS SET FORTH IN THE UNIVERSITY'S EXECUTIVE COMPENSATION POLICY AND THE MONMOUTH UNIVERSITY COMPENSATION COMMITTEE CHARTER ENTITLED "RESPONSIBILITIES OF THE COMMITTEE AND MEMBERS OF THE COMMITTEE." PURSUANT TO THAT POLICY, THE BOARD'S COMPENSATION COMMITTEE (ALL OF WHOM ARE INDEPENDENT) AND THE VICE PRESIDENT AND GENERAL COUNSEL REVIEW COMPARABLE COMPENSATION DATA PROVIDED BY AN INDEPENDENT OUTSIDE CONSULTANT AND MAKE COMPENSATION RECOMMENDATIONS TO THE FULL BOARD OF TRUSTEES AS TO THE COMPENSATION FOR THE PRESIDENT OF THE UNIVERSITY. THE COMPENSATION COMMITTEE, THE EXECUTIVE COMMITTEE AND THE FULL BOARD OF TRUSTEES TAKE MINUTES CONCERNING SUCH ACTIONS. EACH COMMITTEE REVIEWS AND APPROVES THE MINUTES FOR ITS RESPECTIVE COMMITTEE, AND THE FULL BOARD OF TRUSTEES REVIEWS AND APPROVES THE MINUTES FROM THE FULL BOARD MEETING. FORM 990, PART VI, SECTION C, LINE 19 THE UNIVERSITY DOES NOT CURRENTLY MAKE ITS GOVERNING DOCUMENTS OR FINANCIAL STATEMENTS AVAILABLE TO THE GENERAL PUBLIC. THE UNIVERSITY'S CONFLICT OF INTEREST POLICY AND FORM 990 ARE AVAILABLE ON THE UNIVERSITY'S WEBSITE. BRUCE SPRINGSTEEN ARCHIVES & CENTER 400 CEDAR AVENUE WEST LONG BRANCH NJ 07764 825325604 EDUCATION NJ 501(C)(3) LINE 12A, I MONMOUTH UNIVERSITY INC 1 0 0 0 0 0 0 0 0 0 0 0 1 0 1 1 0 1 0 0 BRUCE SPRINGSTEEN ARCHIVES & CENTER O 388711 COST BRUCE SPRINGSTEEN ARCHIVES & CENTER Q 928517 SELLING PRICE