2024-05-14T17:11:28-05:00 2023-06-30 GRANT THORNTON LLP 757 THIRD AVENUE NEW YORK NY 10017 990 2022-07-01 221500645 Seton Hall University % EDWARD J BISHOF MBA SETO 9737619318 400 South Orange Avenue South Orange NJ 07079 Edward J Bishof MBA Int. VP Finance/CFO 9737619343 2024-05-08 Edward J Bishof MBA 999009999 DANIEL ROMANO PARTNER P00504182 2125429609 2024-05-07 2 2022 2023-04-26 12:10:37Z Katia Passerini PhD 400 South Orange Avenue South Orange NJ 07079 629755000 false 0928 X www.shu.edu X 1856 NJ SETON HALL UNIVERSITY IS A CATHOLIC INSTITUTION OF HIGHER EDUCATION 36 29 3999 646 2719000 3371 70128000 66745000 428763000 438656000 10526000 6237000 17108000 16789000 526525000 528427000 194549000 195362000 0 0 182328000 186148000 0 340000 8928000 132199000 131771000 509076000 513621000 17449000 14806000 868383000 881744000 388698000 368011000 479685000 513733000 X SEE SCHEDULE O false false 337405000 180414000 444157000 Educational - Seton Hall University operates to provide baccalaureate, masters, and doctoral degrees. Day and evening sessions accommodate both commuter and residential students on a part-time and full time basis. 101566000 14189000 8564000 Academic Support and Student Services - Academic Support provides support services, such as libraries, academic technology, faculty curriculum development, for its primary missions of instruction, research and public service. Student services provide various services to students, such as counseling, career guidance, financial aid, student records, health services and transportation, which contribute to the students' emotional and physical well-being and to their intellectual, cultural and social development outside the context of the University's formal instructional programs. 10774000 759000 Research, Training & Public Services - Enables faculty to explore new areas of education, learning and knowledge and provides non-instructional services to individuals and groups external to the University. The University also offers financial support to students through academic scholarships and work-study programs, which are funded by federal, state and private grants. 449745000 true true false true false false false true false true true true false true true true true false true true true false false true true false false true true true true false false false false false false true false false false true true false false false true false false false true 573 0 true 3999 true true true false false false false true true false false false false true false X 36 29 false false false true false true true true true true false true true true true true true true true false X X X EDWARD J BISHOF MBA 9737619343 400 SOUTH ORANGE AVENUE South Orange NJ 07079 X Shaheen Holloway Head Coach Men's BB(As of 3/22 60.0 0.0 X 1665466 0 52662 Joseph E Nyre PhD President/CEO/Regent/Trustee 60.0 0.0 X X 1499371 0 131573 Kevin Willard Head Coach Men's BB(Thru 3/22) 60.0 0.0 X 1056713 0 36380 Patrick G Lyons MBA Executive VP & Chief of Staff 60.0 0.0 X 706542 0 169599 Katia PasseriniPhD Executive VP and Provost 60.0 0.0 X 469458 0 65744 Alyssa McCloud PhD Sr.VP Enrollment Management 50.0 0.0 X 418096 0 79567 Anthony J Bozzella Head Coach Women's Basketball 60.0 0.0 X 425301 0 68318 Kathleen BoozangJDLLM Dean School of Law(Thru 12/22) 45.0 0.0 X 433071 0 39567 Jon Paparsenos VP Univ.Advancement 50.0 0.0 X 392197 0 79011 Kimberly ACapadonaEsq General Counsel 50.0 0.0 X 355827 0 91126 Stephen JLubbenJDPhD Law School Professor 45.0 0.0 X 317404 0 66674 Bryan Felt MA Athletics Director 45.0 0.0 X 350444 0 26342 Monica Burnette PhD VP Student Services 50.0 0.0 X 279289 0 91317 Joyce A StrawserPhD Dean, Stillman School Business 45.0 0.0 X 298284 0 64511 Matthew Borowick MBA VP University Relations 50.0 0.0 X 291627 0 60928 Brian B Shulman PhD Dean, School Health & Medical 45.0 0.0 X 309836 0 39567 Donna M McMonagle VP Finance & CFO(As of 3/28/22 50.0 0.0 X 265508 0 20732 John Cornwell JDMPhil Int.Dean, School of Law (1/23) 45.0 0.0 X 226026 0 46739 Georita Frierson PhD Dean College of A&S(Thru 5/23) 45.0 0.0 X 236928 0 34326 Karen E Boroff PhD Former Interim Provost 45.0 0.0 X 198650 0 47910 Michele Nelson PhD VP Board Affairs & Strategy 50.0 0.0 X 183685 0 58800 Robert McLaughlin Former Interim VP Fin.& CFO 50.0 0.0 X 222482 0 16351 Jonathan V FarinaPhD Int.Dean College of A&S(6/23) 45.0 0.0 X 170178 0 53248 Peter WShoemakerPhD Former Dean College of A&S 45.0 0.0 X 156961 0 59313 Rev Colin Kay M Div VP for Mission & Ministry 50.0 0.0 X 67119 0 75972 Msgr Gerald McCarren Trustee/Rector/Dean 45.0 0.0 X 48839 0 73972 Rev Gerald JBuonopane Regent/Trustee/Sr. Lecturer 45.0 0.0 X 35070 0 79870 Msgr Peter Smutelovic Trustee 1.0 0.0 X 0 0 90800 Rev John J Chadwick Regent/Trustee 45.0 0.0 X 1000 0 50426 Cardinal Joseph WTobin C SSR Regent/Trustee 1.0 0.0 X 0 0 0 Most Rev Kurt R Burnette Regent/Trustee 1.0 0.0 X 0 0 0 Most Rev James F Checchio Regent 1.0 0.0 X 0 0 0 Most Rev Dennis J Sullivan Regent 1.0 0.0 X 0 0 0 Sr Margaret StallmeyerCDP Regent/Trustee 1.0 0.0 X 0 0 0 Kevin H Marino Esq Regent/Trustee 1.0 0.0 X 0 0 0 Mark E Ganton Regent 1.0 0.0 X 0 0 0 Robert J Sloan Regent/Trustee 1.0 0.0 X 0 0 0 James E Collins Regent 1.0 0.0 X 0 0 0 Henry F D'Alessandro Regent/Trustee 1.0 0.0 X 0 0 0 Robert S Basso Regent 1.0 0.0 X 0 0 0 Robert B Budelman Esq Trustee 1.0 0.0 X 0 0 0 Edward C Cerny Regent 1.0 0.0 X 0 0 0 Robert C Garrett Regent 1.0 0.0 X 0 0 0 Richard A Giuditta Jr Regent 1.0 0.0 X 0 0 0 Anthony Masherelli Regent 1.0 0.0 X 0 0 0 Richard C McMahon Regent 1.0 0.0 X 0 0 0 Stephen G Waldis Regent 1.0 0.0 X 0 0 0 Matthew W Wright Regent/Trustee 1.0 0.0 X 0 0 0 James T Boyle Jr Regent 1.0 0.0 X 0 0 0 Kevin P Flood Regent 1.0 0.0 X 0 0 0 Leo J Zatta Regent/Trustee 1.0 0.0 X 0 0 0 Most Rev Kevin J Sweeney Regent 1.0 0.0 X 0 0 0 Sr Sharon A Euart RSM Trustee 1.0 0.0 X 0 0 0 Sr Maureen Shaughnessy SC Trustee 1.0 0.0 X 0 0 0 Stephen P Loughrey Regent 1.0 0.0 X 0 0 0 Michael J Lucciola Regent 1.0 0.0 X 0 0 0 Kevin J McMahon Regent 1.0 0.0 X 0 0 0 Mary Pat Christie Regent 1.0 0.0 X 0 0 0 Bonnie A Evans Regent 1.0 0.0 X 0 0 0 Brian T Fitzpatrick Regent 1.0 0.0 X 0 0 0 Patrick M Murray Regent 1.0 0.0 X 0 0 0 10996463 0 1576277 390 true true false Torcon Inc 328 Newman Springs Road STE 5 RED BANK NJ 077015685 General Contracting 25374483 Gourmet Dining LLC 400 South Orange Ave SOUTH ORANGE NJ 07079 Food Services 10025865 JR Prisco Inc 44 Middle Avenue SUMMIT NJ 079014028 General Contracting 5757732 Atalian Global Services 417 Fifth Avenue 9th Floor NEW YORK NY 10016 Housekeeping 5408490 Joseph A Natoli Construction Corpor 293 Change Bridge Rd PINE BROOK NJ 070589513 General Contracting 2696219 117 387000 43496000 22862000 697000 66745000 TUITION & FEES 900099 401060000 401060000 ROOM AND BOARD 900099 37596000 37596000 438656000 8427000 2110000 6317000 2309000 2309000 196000 196000 309000 19000 290000 0 290000 290000 96492000 100991000 -4499000 -4499000 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false true false true 1200 false true 22737 true 214540 false false 238477 false Part II-B, Line 1(i) Other Lobbying Activities Seton Hall University lobbied state legislators regarding annual independent college appropriations and aid for independent college students. Efforts consisted of direct mailings, phone calls and personal meetings. Members of Congress were contacted regarding student aid and grants for various university programs. The University's staff is involved in lobbying efforts. The value of that staff time is approximately $34,290. Those costs have been reported on Line 7 (other salaries and wages) and not separately identified on Line 11 (d) in Part IX, statement of Functional Expenses. 1799000 X X X false 317919000 13635000 21753000 3787000 9948000 3755000 335817000 336330000 28465000 -30013000 3206000 9469000 4188000 317919000 270000000 7963000 74306000 3291000 8438000 4210000 336330000 269162000 3891000 14028000 3167000 8173000 5741000 270000000 271090000 5490000 10675000 3474000 9780000 4839000 269162000 0.37550 0.37810 0.24640 true false 5184000 5184000 595823000 283803000 312020000 66441000 52268000 14173000 14887000 14887000 346264000 OUTSIDE TRUST 11697000 F HEDGE FUNDS 52311000 F COMMINGLED FUNDS 847000 F PRIVATE EQUITY FUNDS 18561000 F VENTURE CAPITAL 8091000 F LIQUID FIXED INCOME 12634000 F ILLIQUID FIXED INCOME 44442000 F OPPORTUNISTIC 22495000 F LONG EQUITY 20477000 F DIVERSIFYING ASSETS 24455000 F REAL ASSETS 19145000 F 235155000 DEPOSITS W/ TRUSTEE 64031000 RIGHT-OF-USE UNDER OPER LEASES 952000 RIGHT-OF-USE UNDER FINA LEASES 9317000 74300000 0 REFUNDABLE U.S. GOV'T GRANTS 2878000 CONDITIONAL ASSET RETIRE OBLIG 10009000 OTHER LIABILITIES, NET 4583000 OPERATING LEASE LIABILITIES 952000 FINANCE LSE LIAB/SECURED BORRO 17309000 TAXABLE BONDS PAYABLE 86122000 121853000 X 356049000 20824000 507000 202000 21533000 334516000 3859000 190052000 193911000 528427000 322002000 507000 2122000 2629000 319373000 3859000 190389000 194248000 513621000 Part III, line 4 Collections are composed of: a mural, ancient Greek and Roman coins, book collections, paintings, wild life art collections, and a special collection of research papers. Collections are utilized by students, faculty, administrators and the general public. Their usage helps achieve the ultimate goal of advancing the educational and research mission of the University. Part V, line 4 Endowment funds support the University's mission by providing a sustainable flow of funds to annual operations. This support includes funds for scholarships and for specific academic programs. The University has adopted an endowment spending policy designed to provide a predictable flow of funds to operations. The policy is intended to balance current spending needs and preserve the endowment's future purchasing power. The University applies a 4.5% spending rate to a three-year moving average of endowment investment funds. The Board of Regents sets the spending rate. The purpose of using a moving average is to smooth out any wide fluctuations in the market value. Endowment earnings in excess of the spending rate are added back to the principal of the endowment investments. In years when yield exceeds the amount appropriated under the spending policy the excess is returned to principal as appreciation. When annual yield is insufficient to support spending appropriations, the balance is provided from accumulated appreciation. Special allocations may be made for certain purposes in addition to the spending rate, as approved by the University's Board of Regents. There were no special allocation made in the year ended June 30, 2023. Part X, line 2 - Other Liabilities - Income Taxes The University has adopted the provisions of the ASC 740, Accounting for Uncertainties in Income Taxes. ASC 740-10 clarifies the accounting for uncertainty in tax positions taken or expected to be taken in a tax return, including issues relating to financial statement recognition and measurement. This section provides that the tax effects from an uncertain tax position can be recognized in the financial statements only if the position is "more-likely-than-not" to be sustained if the position were to be challenged by a taxing authority. The assessment of the tax position is based solely on the technical merits of the position, without regard to the likelihood that the tax position may be challenged. The University is exempt from Federal and New Jersey State Income taxation by virtue of being an organization described in Section 501(c)(3) of the IRC and similar provisions of the New Jersey State tax code. Nevertheless, The University may be subject to tax on income unrelated to its exempt purpose, unless that income is otherwise excluded by the Code. The University believes that there are no material uncertain tax positions within its financial statements. Part XI, Line 2D - Other Change in the value of the split-interest agreements of $202,000. Part XI, Line 4b - Other Financial Aid of $190,389,000 less special events expenses of $318,000 less rental expense of $19,000. Part XII, Line 2D - Other Special events expenses of $318,000, provision for uncollectible contributions receivable of $1,785,000, and rental expense of $19,000. Part XII, Line 4B - Other Financial aid of $190,389,000. true true true true true true true false false false false false false false false true false true Part I, Line 3 The University's racially nondiscriminatory policy appears in its Undergraduate and Graduate catalogs, as well as in the Admission Prospectus. It is also in all newspaper advertisements and the University's website. Line 6 - Explanation of Government Financial Aid The University participates in various Federal and State financial aid programs, which include, but are not limited to the following programs: Federal Direct Lending Program, Federal Pell Grant, Federal College Work Study, Federal Supplemental Education Opportunity Grant, N.J State Tuition Assistance Grant and N.J. State Education Opportunity Fund. Central America and the Caribbean Investments 127095756 Europe (Including Iceland and Greenland) Investments 31992802 East Asia and the Pacific Program Services Recruitment & MBA Prog 42109 Middle East and North Africa Program Services Peace Building 45834 159176501 159176501 true false true true true true Part I, Line 3, (1 & 2); Part IV , Lines 1, 3, 4, and 5 By virtue of its investments in various limited partnership investments, Seton Hall University may invest in passive foreign investment companies and/or foreign partnerships; to the extent the University is required to file the Forms 926, 5471, or 8865, those foreign forms were attached to the University's Form 990-T. Part I, Line 3 (3) Support for student recruitment and academic exchange program developments. During FY2023, the Stillman School continued to "teach out" students in a previously active executive-style MBA program offered in collaboration with Viagold International Education Management Group, with cohorts in Shanghai and Zhuhai, China. This program has been closed. Part I, Line 3 (4) Humanitarian peacebuilding, stabilization, recovery, and development actors provide conflict sensitive programs in Yemen: This project will look to build a shared understanding among service providers about the conflict contexts and how to operate most effectively in them, and agreement where possible on collective actions/approaches. It will do this through networking, coordination, strengthening of working relationships, and regular sessions to review available analysis and plan for shared actions. Humanitarian peacebuilding, stakeholder mapping and context analysis, and resiliency analysis in Libya: These projects will look to build a proposed methodology, roadmap for consultation and proposed structure of the Strategy, and to identify opportunities to integrate and amplify diverse local voices and perspectives throughout foreign assistance implementation. It will do this through networking, coordination, strengthening of working relationships, and regular sessions to review available analysis and plan for shared actions. true Community Counseling Service 527 Madison Avenue 5th Floor New York NY 10022 Consulting Advice false 0 340000 -340000 0 340000 -340000 All States LS Dinner Dance 265000 174000 91000 1000 73000 3000 13000 Seminary Golf 126000 54000 72000 12000 14000 7000 5000 6 366000 159000 207000 2000 8000 140000 10000 30000 757000 387000 370000 2000 21000 227000 20000 48000 318000 52000 Part I, line 2b Col (ii) Community Counseling Service fund raising activity includes consulting, analysis and strategic advice related to solicitations for the campaign and encouraging potential donors to contribute. true Township of South Orange Village 76 S Orange Ave South Orange NJ 07079 226002309 115 611000 General Purpose South Orange Performing Arts Center Inc 1 Sopac Way South Orange NJ 07079 320074004 501(C)(3) 8000 General Purpose Saint Paul's Outreach 110 Crusader Ave West St St Paul MN 55118 411621192 501(C)(3) 6000 General Purpose Township of Nutley NJ 1 Kennedy Drive Nutley NJ 07110 226002167 115 154000 General Purpose Township of Clifton NJ 900 Clifton Ave Clifton NJ 07013 222940857 115 262000 General Purpose SOMA Cross Cultural Works INc 572 Prospect Street Maplewood NJ 07040 822722982 501(c)(3) 10000 General Purpose City of Summit NJ 512 Springfield Avenue Summit NJ 07901 226002329 115 52000 General Purpose Society Neuro Immune Pharmacolgy George Washington U Ross Hall Rm 50 2300St NW Washington DC 20037 582586479 501(C)(3) 28000 General Purpose South Orange Rescue Squad 62 Sloan St South Orange NJ 07079 226077379 501(C)(3) 12000 General Purpose 9 0 Federal Awards 2367 12885000 State of New Jersey Awards 1975 17097000 Institutional Support 16155 164237000 Part I, Line 2 All University spending must be approved by a manager or higher level, depending on the amount of the expenditure. Any expenditure of $1,000 or above would have to be approved by a Dean or other budget center manager. An expenditure in excess of $10,000 must be approved by a Vice President (or that person's designee) or the President. Grants or assistance to outside organizations are segregated in the University's financial accounting system through the use of a separate account code, which allows for review by University's central Finance Department. Scholarships are provided to students who are required to matriculate in the University, thereby ensuring that the funds are expended for the intended purposes. X X X X X X X false true X X X X X false true false false false false false false false Joseph E Nyre PhD President/CEO/Regent/Trustee 736052 0 360781 0 402538 0 24400 0 107173 0 1630944 0 0 0 Kimberly ACapadonaEsq General Counsel 316585 0 31673 0 7569 0 48945 0 42181 0 446953 0 0 0 Katia PasseriniPhD Executive VP and Provost 420803 0 41000 0 7655 0 64400 0 1344 0 535202 0 0 0 Patrick G Lyons MBA Executive VP & Chief of Staff 429573 0 255000 0 21969 0 149400 0 20199 0 876141 0 0 0 Karen E Boroff PhD Former Interim Provost 196323 0 0 0 2327 0 16383 0 31527 0 246560 0 0 0 Alyssa McCloud PhD Sr.VP Enrollment Management 355330 0 55000 0 7766 0 64400 0 15167 0 497663 0 0 0 Kathleen BoozangJDLLM Dean School of Law(Thru 12/22) 424247 0 0 0 8824 0 24400 0 15167 0 472638 0 0 0 Joyce A StrawserPhD Dean, Stillman School Business 296660 0 0 0 1624 0 24205 0 40306 0 362795 0 0 0 Peter WShoemakerPhD Former Dean College of A&S 150672 0 0 0 6289 0 10375 0 48938 0 216274 0 0 0 Brian B Shulman PhD Dean, School Health & Medical 306491 0 0 0 3345 0 24400 0 15167 0 349403 0 0 0 Kevin Willard Head Coach Men's BB(Thru 3/22) 732209 0 25000 0 299504 0 22800 0 13580 0 1093093 0 0 0 Anthony J Bozzella Head Coach Women's Basketball 310122 0 92500 0 22679 0 24400 0 43918 0 493619 0 0 0 Stephen JLubbenJDPhD Law School Professor 316838 0 0 0 566 0 24400 0 42274 0 384078 0 0 0 Jon Paparsenos VP Univ.Advancement 349778 0 34850 0 7569 0 38289 0 40722 0 471208 0 0 0 Matthew Borowick MBA VP University Relations 257748 0 25625 0 8254 0 21058 0 39870 0 352555 0 0 0 Michele Nelson PhD VP Board Affairs & Strategy 127947 0 48431 0 7307 0 11371 0 47429 0 242485 0 0 0 Bryan Felt MA Athletics Director 265256 0 65000 0 20188 0 21227 0 5115 0 376786 0 0 0 Robert McLaughlin Former Interim VP Fin.& CFO 192355 0 0 0 30127 0 15395 0 956 0 238833 0 0 0 Monica Burnette PhD VP Student Services 247347 0 24500 0 7442 0 46451 0 44866 0 370606 0 0 0 Donna M McMonagle VP Finance & CFO(As of 3/28/22 249091 0 10667 0 5750 0 19584 0 1148 0 286240 0 0 0 John Cornwell JDMPhil Int.Dean, School of Law (1/23) 224746 0 0 0 1280 0 18379 0 28360 0 272765 0 0 0 Jonathan V FarinaPhD Int.Dean College of A&S(6/23) 170091 0 0 0 87 0 11530 0 41718 0 223426 0 0 0 Shaheen Holloway Head Coach Men's BB(As of 3/22 1269160 0 62500 0 333806 0 24400 0 28262 0 1718128 0 0 0 Georita Frierson PhD Dean College of A&S(Thru 5/23) 236595 0 0 0 333 0 19108 0 15218 0 271254 0 0 0 Part I, Line 1a Joseph E. Nyre, Ph.D. became President/CEO/Trustee/Regent on August 1, 2019. Under the terms of his Board approved employment agreement with the University, the University provides him with certain permissible expense reimbursements. Where applicable, gross-up payments are made to him to cover the tax withholding impact associated with imputed income. As a condition of employment, the president is required to live in a Board of Regents ("Board") approved residence which is in close proximity to the University's South Orange, New Jersey campus, and is suitable for entertaining groups large and small and conducting University business. Rather than the University initially purchasing a residence suitable for conducting University business, the employment agreement required the president to purchase a Board-approved residence with a loan from the University. A new agreement was entered into in June of 2021, the president conveyed the residence to the University for $1.00 on August 6, 2021, and his total compensation was reduced. The fiscal year 2023 Form 990 filing reflects the conveyance of this residence, and includes interest related to the property loan forgiven by the University in CY 2022. For further information related to the residence, see the Schedule L, Part II narrative included in Part V supplemental information. Housing and related services are provided at no charge to members of its priest community, which includes an officer and certain regents and trustees as reflected in Part VII of the Form 990. Where appropriate, the value of these housing and related benefits is reflected in Part VII, Section A, Column F as other compensation and in Schedule J, Part II as nontaxable benefits for the priest who met the compensation requirement for inclusion in Schedule J. Membership fees for Joseph E. Nyre, Ph.D., President/CEO/Trustee/Regent, the University's Men's Basketball Coach thru March 2022, Kevin Willard, its Women's Basketball Coach, Anthony Bozzella, its Athletics Director, Bryan Felt, and its EVP/Chief of Staff, Patrick G. Lyons, were paid by the University to assist such individuals in their duties involving donor cultivation and fundraising for the University. The fees associated with their business-related attendance are included in nontaxable benefits in Schedule J, Part II. To the extent of any personal usage of same, a portion of these fees are included in the recipient's taxable income. Certain members of the University, including its president, men's and women's basketball coaches, and other members of the executive cabinet, are permitted to have their spouses accompany them to a limited number of University business events, including fundraising and alumni events. Where appropriate, the value of personal travel benefits is included in the recipient's taxable income. Certain members of the University and its board of Trustees including its President, EVP/Chief of Staff, VP Advancement, Athletics Director, and men's and women's basketball coaches, together with their spouses or families, will occasionally join the men's or women's basketball teams on chartered flights to basketball tournaments or games. The compensation information reflected in the Form 990 is based on calendar year 2022 and was payable (or disclosable, as the case may be) consistent with the terms of each executive's underlying employment agreement as applicable. Part I, Line 4b Certain key executives of the University participate in its 457(f) non-qualified deferred compensation plan, which is intended to permit the University to attract and retain talented individuals while requiring same to generally satisfy certain performance and employment continuation requirements as a precondition of his or her receipt of any amounts thereunder. During 2022, the following executives participated in the deferred compensation plan: Patrick G. Lyons, MBA, EVP/Chief of Staff, $125,000; Katia Passerini, Ph.D., Provost and EVP, $40,000; Alyssa McCloud, Ph.D., $40,000; Kimberly A. Capadona, Esq., General Counsel, $31,673; Jon Paparsenos, VP, $35,896; and Monica Burnette, Ph.D. VP, $25,866. Deferred amounts which may be payable in the future are reflected in Column C of Schedule J, Part II for those executives who meet the compensation requirement for inclusion in Schedule J. A NJEFA - Seton Hall - Issue 2020C 221829511 6460667B0 2020-06-18 34025223 SEE PART VI false false false B NJEFA - Seton Hall - Issue 2011 A 221829511 646065U83 2011-06-10 37578532 SEE PART VI false false false C NJEFA - Seton Hall - CIF 2014 B 221829511 646066DG2 2014-04-29 19369367 SEE PART VI false false true D NJEFA - Seton Hall - ISSUE 2017 D 221829511 646066V64 2017-06-29 41827193 SEE PART VI false false false A 0 0 34025223 0 2389475 0 266697 1369051 0 30000249 0 0 2023 false false false true B 33025000 0 37578532 0 0 0 421094 0 0 0 37157438 0 2011 true false true true C 320119 0 19369367 0 0 0 113339 0 0 1014830 0 0 2015 false false true true D 0 0 41827193 0 0 0 348259 0 0 0 41478934 0 2017 true false true true A false false false false 0 false false false true B 0 C false false false false 0 false false false true D false false false false 0 false false false true A false true false false false false 0 false 0 false true B false false false true false false 0 false 0 false true C false false false true false false 0 false 0 false true D false false false true false false 0 false 0 false true A true B true C true D true PART IV, LINE 2C REBATE COMPUTATIONS WERE PERFORMED IN JUNE AND JULY 2023 TIME FRAME FOR ALL SETON HALL UNIVERSITY BOND ISSUES LISTED IN PART I, WITH THE EXCEPTION OF BOND 2014 SERIES B, AND BOND 2016 SERIES B. THE 2014 B AND 2016 B BONDS ARE PART OF POOLED FINANCINGS AND THE REBATE CALCULATIONS ARE PERFORMED BY THE ISSUER. THERE IS NO REBATE LIABILITY RELATED TO ANY OF THE UNIVERSITY'S ISSUES AS OF JUNE 30, 2023. PART I, COLUMN(F) DESCRIPTION OF PURPOSE 1. SETON HALL UNIVERSITY ISSUE, 2020 SERIES C (CUSIP 6460667B0), WAS ISSUED BY THE NJEFA TO FUND CAPITAL IMPROVEMENTS ON THE UNIVERSITY'S CAMPUS. 2. SETON HALL UNIVERSITY ISSUE, 2011 SERIES A, (CUSIP NUMBER 646065U83)WAS ISSUED BY THE NJEFA TO CURRENTLY REFUND SETON HALL UNIVERSITY'S 1999 REFUNDING, 2001 SERIES A, 2001 SERIES B, AND 2001 SERIES G BOND ISSUES. 3. THE NJEFA ISSUED CIF BONDS, 2014 SERIES B, AND 2014 SERIES D, WERE ISSUED PURSUANT TO A PROGRAM OF THE STATE OF NEW JERSEY TO FINANCE CAPITAL IMPROVEMENTS AT INSTITUTIONS OF HIGHER EDUCATION. THE UNIVERSITY'S PORTION OF THE 2014 B WAS $2,192,165 OF WHICH $1,165,170 WAS GRANT AND $1,014,830 WAS DEBT REPAYABLE OVER 20 YEARS. THE UNIVERSITY'S SHARE OF 2014 D WAS $2,724,951 WITH $1,226,845 BEING DEBT AND THE REMAINDER BEING A GRANT. THE UNIVERSITY PAID OFF ITS 2014 SERIES D DEBT DURING IT'S FISCAL YEAR ENDED JUNE 30, 2021. 4. SETON HALL UNIVERSITY ISSUE, 2017 SERIES D (CUSIP 646066V64), WAS ISSUED BY THE NJEFA TO REFUND THE UNIVERSITY'S 2008 SERIES D BONDS AND TO PAY $4,872,000 FOR THE TERMINATION OF SWAP AGREEMENTS. 5. SETON HALL UNIVERSITY ISSUE, 2013 SERIES D, (CUSIP 6460656D9) WAS ISSUED BY THE NJEFA TO CURRENTLY REFUND SETON HALL UNIVERSITY'S 2009 C BONDS SOLD DIRECTLY TO CAPITAL ONE, N.A., FINANCE A PORTION OF THE COST OF TERMINATING THE UNIVERSITY'S INTEREST RATE SWAP AGREEMENT WITH CITIBANK, N.A. THAT HEDGED INTEREST RATE EXPOSURE RELATED TO THE 2009 C BONDS, AND TO FINANCE CAPITAL IMPROVEMENTS. 6. SETON HALL UNIVERSITY ISSUE, 2015 C (CUSIP 646066MC1) WAS ISSUED BY THE NJEFA TO ADVANCE REFUND SETON HALL UNIVERSITY'S 2008 SERIES E BONDS. 7. SETON HALL UNIVERSITY ISSUE, 2016 SERIES C (CUSIP 646066B66), WAS ISSUED BY THE NJEFA TO FUND CAPITAL IMPROVEMENTS ON THE UNIVERSITY'S CAMPUS. 8. THE NJEFA ISSUED CIF BONDS, 2016 SERIES A, REFUNDED CIF BONDS PREVIOUSLY ISSUED. PURSUANT TO A PROGRAM OF THE STATE OF NEW JERSEY TO FINANCE CAPITAL IMPROVEMENTS AT INSTITUTIONS OF HIGHER EDUCATION. THE PRIVATELY PLACED BONDS WERE ALLOCATED TO FOURTEEN PRIVATE INSTITUTIONS IN NEW JERSEY. THE UNIVERSITY'S SHARE OF THE PROCEEDS WAS $2,326,537. 9. THE NJEFA ISSUED CIF BONDS, 2016 SERIES B, WERE ISSUED PURSUANT TO A PROGRAM OF THE STATE OF NEW JERSEY TO FINANCE CAPITAL IMPROVEMENTS AT INSTITUTIONS OF HIGHER EDUCATION. THE BONDS WERE ALLOCATED TO TWELVE PRIVATE INSTITUTIONS IN NEW JERSEY. THE UNIVERSITY'S SHARE AFTER ISSUANCE COSTS, WAS $1,500,000 OF WHICH $766,748 WAS A GRANT AND $733,252 WAS DEBT REPAYABLE OVER TWENTY YEARS. A NJEFA - Seton Hall - Issue 2013 D 221829511 6460656D9 2013-07-10 43935728 SEE PART VI false false false B NJEFA - Seton Hall - ISSUE 2015 C 221829511 646066MC1 2015-07-14 24225807 SEE PART VI false false false C NJEFA - Seton Hall - ISSUE 2016 C 221829511 646066B66 2016-09-15 38059002 SEE PART VI false false false D NJEFA - Seton Hall - CIF 2016 A 221829511 000000000 2016-07-26 20805115 SEE PART VI false false true A 24450000 0 43935728 0 2405009 0 522076 0 0 33208335 7800307 0 2014 true false true true B 5790000 0 24255807 0 0 0 306564 0 0 0 23949243 0 2015 false true true true C 0 0 38059002 0 1655530 0 403472 0 0 36000000 0 0 2018 false false true true D 611504 0 20805115 0 0 0 48426 0 0 0 1046461 0 2016 true false true true A false false false false 0 false false false true B 0 C false false false false 0 false false false true D false false false false 0 false false false true A false false false true false false 0 false 0 false true B false false false true false false 0 false 0 false true C false false false true false false 0 false 0 false true D false false true true false false 0 false 0 false true A true B true C true D true A NJEFA - SETON HALL - CIF 2016 B 221829511 646066F54 2016-12-20 30676062 SEE PART VI false false true A 145911 0 30676062 0 0 0 246539 0 0 733252 0 0 2019 false false true true A false false false false 0 false false false true A false false false true false false 0 false 0 false true A true 0 Total of 7 129524 Scholar/Tuitio Remission Education Part II - Loans to and/or From Interested Persons As disclosed in the Form 990 filing for the University's fiscal years ended June 30, 2022 and 2021, and in Schedule J, Part III of this Form 990, the president, as a condition of employment, is required to live in a Board of Regents (Board) approved residence suitable for entertaining groups large and small and conducting University business. Rather than the University initially purchasing a residence suitable for conducting University business, the employment agreement required the president to purchase a Board approved residence with a loan from the University. The 2019 loan, which was secured by the residence, was for 30 years in the amount of $2,894,000. It fully financed the purchase of the residence. Loan principal was to be paid upon maturity or termination of employment. Annual payments were to be for interest only, unless interest was forgiven by the Board, which was the case based on its determination that the residence was used for substantial official University functions and business on a continuous basis. Interest forgiveness was imputed into his taxable income in 2020 with gross-up payments made to him to cover the tax withholding impact of the imputed income. On August 6, 2021, Dr. Nyre conveyed the residence to the University for $1.00 for the reasons noted in Schedule J, Part III. In connection with the conveyance, the loan of $2,894,000 was discharged in its entirety. Remaining interest on the loan was forgiven by the board in 2022 and was imputed into his taxable income in 2022 with gross-up payments made to him to cover the tax withholding impact of the imputed income. Part III - Grants or Assistance Benefiting Interested Persons Seton Hall University is not required to identify interested persons to whom assistance was provided under the Family Educational Rights and Privacy Act (FERPA). X 26 681000 Selling price X 5 12000 Cost X Yoga Coach Services 1 1000 Appraisal X Reception expenses 1 3000 Appraisal false true true Part I, Line 32b Auction companies are used to process and/or sell noncash contributions in "silent auctions" at several fundraising events. To the extent Seton Hall University receives donations of publicly traded securities, it's investment broker is engaged to sell those securities. Form 990, Part III, Line 1 Seton Hall University (the "University") is the nation's oldest Diocesan Catholic University. In a diverse and collaborative environment, it focuses on academic, ethical, and spiritual development. Seton Hall students are prepared to be leaders in their professional and community lives in a global society and are challenged by outstanding faculty, a technologically advanced setting, and values-centered curricula. The University is home to nine nationally recognized and accredited schools located on three campuses, all within 15 miles of New York City. Its main campus is in South Orange, New Jersey, its nationally ranked Law School is in Newark, New Jersey, and its Interprofessional Health Sciences ("IHS") campus is in the City of Clifton and the Township of Nutley, New Jersey. Within these ten schools, the professors of Seton Hall educate, shape and develop approximately 6,000 undergraduate and 3,600 graduate students, who are enrolled in more than 137 rigorous majors. This has led to the University being nationally recognized for academic excellence by the Princeton Review, U.S. News and World Report, and Bloomberg Businessweek. The University remains a pioneer in Catholic education. THE UNIVERSITY HAS A LONG-TERM RELATIONSHIP WITH HACKENSACK MERIDIAN HEALTH AT ITS IHS CAMPUS. THE UNIVERSITY AND HMH WERE PARTNERS IN AN AGREEMENT TO RENOVATE THE IHS PREMISES FOR THE UNIVERSITY'S CON AND SHMS COLLEGES AND THE HACKENSACK MERIDIAN SCHOOL OF MEDICINE (HMSOM). HMH IS LESSOR TO THE LEASE FOR THIS PREMISES (KINGSLAND LEASE) AND THE UNIVERSITY SUBLEASES SPACE FROM HMH. THE UNIVERSITY AND HMH WILL CO-OWN THE IHS CAMPUS WHEN THE KINGSLAND LEASE AND UNIVERSITY'S SUBLEASE EXPIRE. IN ADDITION, THE UNIVERSITY AND HMH MAINTAIN A STRATEGIC ACADEMIC PARTNERSHIP AGREEMENT WHEREBY THE UNIVERSITY AND THE HMSOM HAVE AN INTEGRATED CURRICULUM, WITH 25% OF THE SEATS IN EACH CLASS OF THE MD PROGRAM RESERVED FOR UNIVERSITY GRADUATES WHO RESIDE IN NEW JERSEY, PROVIDED THEY MEET THE STANDARDS OF ADMISSION SET BY THE HMSOM, AND THE UNIVERSITY'S CON AND SHMS STUDENTS HAVING BROAD ACCESS TO TRAIN AT HMH HOSPITALS. ROBERT C. GARRETT, REGENT, IS THE CEO AT HMH, AND ALSO ON THE BOARD OF GOVERNORS OF THE HMSOM. THE UNIVERSITY, HMSOM AND HMH ARE STRATEGIC ACADEMIC PARTNERS. NEITHER HMH NOR THE HMSOM ARE CONSIDERED RELATED PARTIES OF THE UNIVERSITY. Form 990, Part VI PART VI, SECTION A, LINE 5: AS PART OF AN INTERNAL REVIEW OF THE UNIVERSITY'S PURCHASE CARDS PROGRAM ("P-CARDS"), IRREGULAR TRANSACTIONS WITHIN A LAW SCHOOL ADMINISTRATIVE UNIT WERE DISCOVERED. IN COMPLIANCE WITH ESTABLISHED UNIVERSITY PROTOCOLS, THIS DISCOVERY TRIGGERED A SERIES OF GOVERNANCE ACTIONS RESULTING IN AN INDEPENDENT THIRD-PARTY INVESTIGATION INTO FINANCIAL TRANSACTIONS AND RELATED ACTIVITIES. THE INVESTIGATION YIELDED A VARIETY OF FINDINGS REGARDING FINANCIAL IMPROPRIETIES AT THE LAW SCHOOL INCLUDING THE MISAPPROPRIATION OF FUNDS IN EXCESS OF $975,000, MISUSE OF P-CARDS AND RELATED POLICY VIOLATIONS. THE UNIVERSITY HAS IMPLEMENTED CONTROL MEASURES TO ENSURE APPLICABLE INTERNAL CONTROLS ARE DESIGNED AND OPERATING EFFECTIVELY, INCLUDING A REVIEW OF THE P-CARD PROGRAM WITH A REDUCTION IN BOTH THE NUMBER OF CARDS ISSUED AND LIMITS ALLOWED, AND A CONSISTENT COLLECTION AND REVIEW OF SUBSTANTIATING DOCUMENTATION AND RECEIPTS. PART VI, SECTION A, LINE 7A: THE BOARD OF REGENTS IS RESPONSIBLE FOR THE ENTIRE MANAGEMENT OF THE AFFAIRS AND CONCERNS OF THE UNIVERSITY. THE BOARD OF REGENTS IS VESTED WITH THE RESPONSIBILITY, POWER, AND AUTHORITY TO GOVERN THE UNIVERSITY AND SHALL EXERCISE THE CORPORATE POWERS OF THE UNIVERSITY UNDER LAW. BOARD OF REGENT EMERITI DO NOT HAVE VOTING PRIVILEGES. PART VI, SECTION A, LINE 7B: THE BOARD OF TRUSTEES STAND IN THE STEAD OF THE ORIGINAL INCORPORATORS OF SETON HALL COLLEGE AND HAVE THE RIGHTS AND POWERS RESERVED TO IT BY THE UNIVERSITY'S BY-LAWS. THOSE POWERS INCLUDE THE RIGHT TO AMEND THE UNIVERSITY'S ORGANIZING DOCUMENTS, TO AUTHORIZE THE SALE OF ANY UNIVERSITY PROPERTY AND, MOST IMPORTANTLY, TO ELECT THE BOARD OF REGENTS. PART VI, SECTION A, LINE 9: Kevin H. Marino can be reached at the below address: Kevin H. Marino, Esq. Marino, Tortorella & Boyle, P.C. 437 Southern Boulevard, Chatham, New Jersey 07928 PART VI, SECTION B, LINE 11: THE BOARD OF REGENTS HAS CHARGED THE AUDIT COMMITTEE WITH THE RESPONSIBILITY TO CONDUCT, REVIEW, AND APPROVE ANNUALLY THE UNIVERSITY'S FORM 990 AND FORM 990-T FOR FILING WITH INTERNAL REVENUE SERVICE. FOLLOWING REVIEW AND RECOMMENDATION BY THE AUDIT COMMITTEE, FORMS 990 AND 990-T ARE SUBMITTED TO THE FULL BOARD OF REGENTS FOR ITS REVIEW AND APPROVAL FOR FILING WITH THE INTERNAL REVENUE SERVICE. PART VI, SECTION B, LINE 12C: THE UNIVERSITY'S CONFLICT OF INTEREST POLICY IS POSTED ON THE UNIVERSITY'S WEB SITE. ALL NEW EMPLOYEES ARE MADE AWARE OF THE POLICY AT THE TIME OF HIRE. FOR SENIOR MANAGEMENT, THE UNIVERSITY REQUIRES AN ANNUAL DISCLOSURE OF SIGNIFICANT FINANCIAL INTERESTS IN, OR EMPLOYMENT OR CONSULTING RELATIONSHIPS WITH, ENTITIES DOING BUSINESS WITH THE UNIVERSITY. THESE ANNUAL DISCLOSURES COVER BOTH SENIOR MANAGEMENT AND THEIR IMMEDIATE FAMILY MEMBERS. WHEN SUCH RELATIONSHIPS EXIST, MEASURES ARE TAKEN TO ADDRESS THE ACTUAL OR PERCEIVED CONFLICT TO PROTECT THE BEST INTERESTS OF THE UNIVERSITY. THE POLICY REQUIRES, AMONG OTHER THINGS, THAT NO MEMBER OF THE BOARD OF REGENTS OR ITS COMMITTEES CAN PARTICIPATE IN ANY DECISION IN WHICH HE OR SHE (OR AN IMMEDIATE FAMILY MEMBER) HAS A MATERIAL FINANCIAL INTEREST. EACH REGENT IS REQUIRED TO CERTIFY COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY ON AN ANNUAL BASIS AND INDICATE WHETHER THE UNIVERSITY DOES BUSINESS WITH AN ENTITY IN WHICH A REGENT HAS A MATERIAL FINANCIAL INTEREST. WHEN SUCH RELATIONSHIPS EXIST, MEASURES ARE TAKEN TO MITIGATE ANY ACTUAL OR PERCEIVED CONFLICT, INCLUDING REQUIRING THAT SUCH TRANSACTIONS BE CONDUCTED AT ARM'S LENGTH, FOR GOOD AND SUFFICIENT CONSIDERATION, BASED ON TERMS THAT ARE FAIR AND REASONABLE TO AND FOR THE BENEFIT OF THE UNIVERSITY, AND IN ACCORDANCE WITH RELEVANT CONFLICT OF INTEREST LAWS. THE UNIVERSITY IS UNAWARE OF ANY SUCH ASSOCIATIONS CONSIDERED TO BE SIGNIFICANT. PART VI, SECTION B, LINE 15: SETON HALL UNIVERSITY CAN ENSURE AND DEMONSTRATE THAT OUR COMPENSATION ACTIONS DO NOT INURE TO THE BENEFIT OF A PRIVATE INDIVIDUAL. WE CAN DEMONSTRATE THAT THE COMPENSATION OF ALL DISQUALIFIED PERSONS, SUCH AS OFFICERS, DIRECTORS, AND KEY EMPLOYEES, IS CONSIDERED REASONABLE AND WOULD ORDINARILY BE PAID FOR LIKE SERVICES BY LIKE ENTERPRISES UNDER LIKE CIRCUMSTANCES. THE REASONABLENESS OF OUR COMPENSATION TAKES INTO ACCOUNT ALL BENEFITS. ANY COMPENSATION TRANSACTIONS FOR THESE INDIVIDUALS ARE APPROVED BY AN AUTHORIZED BODY OF INDIVIDUALS WHO HAVE NO CONFLICT OF INTEREST. UTILIZING A COMPENSATION CONSULTANT, APPROPRIATE COMPENSATION DATA IS RELIED UPON FOR COMPARABILITY AND PROOF OF FAIR MARKET VALUE, BEFORE MAKING A DECISION. COMPENSATION DECISIONS AND REPORTS ARE CONTEMPORANEOUSLY DOCUMENTED IN THE MINUTES OF THE MEETING OF THE COMMITTEE WHEN THE DECISIONS ARE MADE. PART VI, SECTION C, LINE 19: THE UNIVERSITY'S BY-LAWS AND ITS CONFLICT OF INTEREST POLICY ARE POSTED ON THE UNIVERSITY'S WEBSITE. Form 990, Part VII, Section A ROBERT MCLAUGHLIN, BECAME INTERIM VP FOR FINANCE AND CFO IN SEPTEMBER 25, 2021 AND WAS IN THAT POSITION UP UNTIL MARCH 27, 2022. ROBERT MCLAUGHLIN CONTINUED WORKING FOR THE UNIVERSITY FROM MARCH 28, 2022 THROUGH DECEMBER 31, 2022. THE COMPENSATION REPORTED ON PART VII-A AND/OR SCHEDULE J FOR HIM IS NOT THE COMPENSATION EARNED FOR SERVICES RENDERED IN HIS CAPACITY AS OFFICER. INSTEAD, IT IS EARNED FOR SERVICES RENDERED IN HIS CAPACITY AS A FULL-TIME EMPLOYEE. DONNA M. MCMONAGLE, BECAME VP FOR FINANCE AND CFO ON MARCH 28, 2022. Kathleen Boozang, J.D., LL.M., was Dean, School of Law until December 31, 2022. John Kip Cornwell, J.D., M. Phil., became Interim Dean, School of Law on January 1, 2023. Georita M. Frierson, Ph.D., was Dean College of Arts & Sciences until May 31, 2023. Jonathan Farina, Ph.D., became Interim Dean College of Arts & sciences on June 1, 2023. KEVIN WILLARD WAS HEAD MEN'S BASKETBALL COACH THROUGH MARCH 21, 2022. SHAHEEN HOLLOWAY BEGAN AS HEAD MEN'S BASKETBALL COACH ON APRIL 1, 2022. Form 990, Part XI, Line 9 Provision for uncollectible contributions receivable of $1,784,000 less the change in value of split-interest agreements of $202,000. Roman Catholic Archdiocese of Newark 171 Clifton Avenue Newark NJ 07104 221487308 See Part VII NJ 501(c)(3) 1 false false false false false false false false false false false false false false false true true false false Part II : Identification of Related Tax-Exempt Org. Primary Activity Primary activity of Roman Catholic Archdiocese of Newark - oversees the Catholic church in certain counties of New Jersey.