Attach to Form 990 or Form 990-EZ.
Go to
www.irs.gov/Form990 for instructions and the latest information.
| (i) Name of supported organization | (ii) EIN | (iii) Type of organization (described on lines 1- 10 above (see instructions)) | (iv) Is the organization listed in your governing document? | (v) Amount of monetary support (see instructions) | (vi) Amount of other support (see instructions) | |
|---|---|---|---|---|---|---|
| Yes | No | |||||
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Total |
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Calendar year
(or fiscal year beginning in)
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(a) 2018 | (b) 2019 | (c) 2020 | (d) 2021 | (e) 2022 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 1 | Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grant.") .. | 15,189,150 | 21,454,475 | 22,398,252 | 28,039,880 | 13,295,282 | 100,377,039 |
| 2 | Tax revenues levied for the organization's benefit and either paid to or expended on its behalf.... | ||||||
| 3 | The value of services or facilities furnished by a governmental unit to the organization without charge.. | ||||||
| 4 | Total. Add lines 1 through 3 | 15,189,150 | 21,454,475 | 22,398,252 | 28,039,880 | 13,295,282 | 100,377,039 |
| 5 | The portion of total contributions by each person (other than a governmental unit or publicly supported organization) included on line 1 that exceeds 2% of the amount shown on line 11, column (f) .. | 3,124,599 | |||||
| 6 | Public support. Subtract line 5 from line 4. | 97,252,440 | |||||
Calendar year
(or fiscal year beginning in)
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(a) 2018 | (b) 2019 | (c) 2020 | (d) 2021 | (e) 2022 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 7 | Amounts from line 4.. | 15,189,150 | 21,454,475 | 22,398,252 | 28,039,880 | 13,295,282 | 100,377,039 |
| 8 | Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources... | 5,516,451 | 4,563,242 | 3,760,929 | 7,225,864 | 3,394,356 | 24,460,842 |
| 9 | Net income from unrelated business activities, whether or not the business is regularly carried on.. | ||||||
| 10 | Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.).. | 164,662 | 55,160 | 27,642 | 83,300 | 82,250 | 413,014 |
| 11 | Total support. Add lines 7 through 10 | 125,250,895 | |||||
Calendar year (or fiscal year beginning in) ![]() |
(a) 2018 | (b) 2019 | (c) 2020 | (d) 2021 | (e) 2022 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 1 | Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") . | ||||||
| 2 | Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose | ||||||
| 3 | Gross receipts from activities that are not an unrelated trade or business under section 513 ..... | ||||||
| 4 | Tax revenues levied for the organization's benefit and either paid to or expended on its behalf... | ||||||
| 5 | The value of services or facilities furnished by a governmental unit to the organization without charge | ||||||
| 6 | Total. Add lines 1 through 5 | ||||||
| 7a | Amounts included on lines 1, 2, and 3 received from disqualified persons | ||||||
| b | Amounts included on lines 2 and 3 received from other than disqualified persons that exceed the greater of $5,000 or 1% of the amount on line 13 for the year. | ||||||
| c | Add lines 7a and 7b.. | ||||||
| 8 | Public support. (Subtract line 7c from line 6.) | ||||||
Calendar year (or fiscal year beginning in) ![]() |
(a) 2018 | (b) 2019 | (c) 2020 | (d) 2021 | (e) 2022 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 9 | Amounts from line 6... | ||||||
| 10a | Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources.. | ||||||
| b | Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975. | ||||||
| c | Add lines 10a and 10b. | ||||||
| 11 | Net income from unrelated business activities not included on line 10b, whether or not the business is regularly carried on. | ||||||
| 12 | Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.) .. | ||||||
| 13 | Total support. (Add lines 9, 10c, 11, and 12.).. | ||||||
| Section A - Adjusted Net Income | (A) Prior Year |
(B) Current Year (optional) |
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| 1 | Net short-term capital gain | 1 | ||||
| 2 | Recoveries of prior-year distributions | 2 | ||||
| 3 | Other gross income (see instructions) | 3 | ||||
| 4 | Add lines 1 through 3 | 4 | ||||
| 5 | Depreciation and depletion | 5 | ||||
| 6 | Portion of operating expenses paid or incurred for production or collection of gross income or for management, conservation, or maintenance of property held for production of income (see instructions) | 6 | ||||
| 7 | Other expenses (see instructions) | 7 | ||||
| 8 | Adjusted Net Income (subtract lines 5, 6 and 7 from line 4) | 8 | ||||
| Section B - Minimum Asset Amount | (A) Prior Year |
(B) Current Year (optional) |
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| 1 | Aggregate fair market value of all non-exempt-use assets (see instructions for short tax year or assets held for part of year): | 1 | ||||
| a | Average monthly value of securities | 1a | ||||
| b | Average monthly cash balances | 1b | ||||
| c | Fair market value of other non-exempt-use assets | 1c | ||||
| d | Total (add lines 1a, 1b, and 1c) | 1d | ||||
| e |
Discount claimed for blockage or other factors (explain in detail in Part VI): |
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| 2 | Acquisition indebtedness applicable to non-exempt use assets | 2 | ||||
| 3 | Subtract line 2 from line 1d | 3 | ||||
| 4 | Cash deemed held for exempt use. Enter 0.015 of line 3 (for greater amount, see instructions). | 4 | ||||
| 5 | Net value of non-exempt-use assets (subtract line 4 from line 3) | 5 | ||||
| 6 | Multiply line 5 by 0.035 | 6 | ||||
| 7 | Recoveries of prior-year distributions | 7 | ||||
| 8 | Minimum Asset Amount (add line 7 to line 6) | 8 | ||||
| Section C - Distributable Amount | Current Year | |||||
| 1 | Adjusted net income for prior year (from Section A, line 8, Column A) | 1 | ||||
| 2 | Enter 85% of line 1 | 2 | ||||
| 3 | Minimum asset amount for prior year (from Section B, line 8, Column A) | 3 | ||||
| 4 | Enter greater of line 2 or line 3 | 4 | ||||
| 5 | Income tax imposed in prior year | 5 | ||||
| 6 | Distributable Amount. Subtract line 5 from line 4, unless subject to emergency temporary reduction (see instructions) | 6 | ||||
| Section D - Distributions | Current Year | |
|---|---|---|
| 1 Amounts paid to supported organizations to accomplish exempt purposes | 1 | |
|
2
Amounts paid to perform activity that directly furthers exempt purposes of supported organizations, in excess of income from activity |
2 | |
| 3 Administrative expenses paid to accomplish exempt purposes of supported organizations | 3 | |
| 4 Amounts paid to acquire exempt-use assets | 4 | |
| 5 Qualified set-aside amounts (prior IRS approval required - provide details in Part VI) | 5 | |
| 6 Other distributions (describe in Part VI). See instructions | 6 | |
| 7Total annual distributions. Add lines 1 through 6. | 7 | |
|
8
Distributions to attentive supported organizations to which the organization is responsive (provide details in Part VI). See instructions |
8 | |
| 9 Distributable amount for 2022 from Section C, line 6 | 9 | |
| 10 Line 8 amount divided by Line 9 amount | 10 | |
| Section E - Distribution Allocations (see instructions) |
(i) Excess Distributions |
(ii) Underdistributions Pre-2022 |
(iii) Distributable Amount for 2022 |
|
|---|---|---|---|---|
| 1 Distributable amount for 2022 from Section C, line 6 | ||||
|
2
Underdistributions, if any, for years prior to 2022 (reasonable cause required-- explain in Part VI).
See instructions. |
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| 3 Excess distributions carryover, if any, to 2022: | ||||
| a From 2017....... | ||||
| b From 2018....... | ||||
| c From 2019....... | ||||
| d From 2020....... | ||||
| e From 2021....... | ||||
| fTotal of lines 3a through e | ||||
| g Applied to underdistributions of prior years | ||||
| h Applied to 2022 distributable amount | ||||
|
i
Carryover from 2017 not applied (see instructions) |
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| j Remainder. Subtract lines 3g, 3h, and 3i from line 3f. | ||||
| 4Distributions for 2022 from Section D, line 7: | ||||
| $ | ||||
| a Applied to underdistributions of prior years | ||||
| b Applied to 2022 distributable amount | ||||
| c Remainder. Subtract lines 4a and 4b from line 4. | ||||
|
5
Remaining underdistributions for years prior to 2022, if any. Subtract lines 3g and 4a from line 2. If the amount is greater than zero, explain in Part VI. See instructions. |
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6
Remaining underdistributions for 2022. Subtract lines 3h and 4b from line 1. If the amount is greater than zero, explain in Part VI. See instructions. |
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7 Excess distributions carryover to 2023. Add lines 3j and 4c. |
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| 8 Breakdown of line 7: | ||||
| a Excess from 2018..... | ||||
| b Excess from 2019..... | ||||
| c Excess from 2020..... | ||||
| d Excess from 2021..... | ||||
| e Excess from 2022..... | ||||
| Facts And Circumstances Test |
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| Return Reference | Explanation |
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| PART-II LINE-10 | OTHER INCOME: LINE 10 INCLUDES OTHER PROGRAM REVENUE EXCLUDED FROM UNRELATED BUSINESS TAXABLE INCOME. |
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| SCHEDULE E, PART I, LINE 3 | A STATEMENT IS SET FORTH TO DISCLOSE OUR RACIALLY NON-DISCRIMINATORY POLICY IN ALL RECRUITMENT EFFORTS, APPLICATIONS, OFFICIAL PUBLICATIONS FOR REGISTRATION, INCLUDING RADIO, INTERNET, TV, AND SOCIAL MEDIA. |
| SCHEDULE E, PART I, LINE 6 | SCHEDULE E, PART I, LINE 6A FAIRLEIGH DICKINSON UNIVERSITY RECEIVES AID FROM THE STATE OF NEW JERSEY AND FUNDING FROM VARIOUS GOVERNMENTAL SOURCES INCLUDING THE FEDERAL PELL GRANT PROGRAM, FEDERAL PERKINS LOAN PROGRAM, FEDERAL DIRECT LOAN PROGRAMS, AND FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANTS (FSEOG). SCHEDULE E, PART I, LINE 6B IN 1990-91, THE FEDERAL GOVERNMENT SUSPENDED PAYMENTS FOR FINANCIAL AID FOR NURSING LOANS BECAUSE THE DEFAULT RATE EXCEEDED THE MAXIMUM ALLOWABLE RATE. AS OF JUNE 1991, THE DEFAULT RATE WAS REDUCED TO BELOW THE MAXIMUM ALLOWABLE RATE AND THE SUSPENSION WAS LIFTED. |
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Attach to Form 990 or 990-EZ.
Go to www.irs.gov/Form990 for the latest information.
| Return Reference | Explanation |
|---|---|
| FORM 990, PART III, LINE 1 | ORGANIZATION'S MISSION: FAIRLEIGH DICKINSON UNIVERSITY IS A CENTER OF ACADEMIC EXCELLENCE DEDICATED TO THE PREPARATION OF WORLD CITIZENS THROUGH GLOBAL EDUCATION. THE UNIVERSITY STRIVES TO PROVIDE STUDENTS WITH THE MULTI-DISCIPLINARY, INTERCULTURAL, AND ETHICAL UNDERSTANDINGS NECESSARY TO PARTICIPATE, LEAD, AND PROSPER IN THE GLOBAL MARKETPLACE OF IDEAS, COMMERCE AND CULTURE. |
| FORM 990, PART III, LINE 4A | FAIRLEIGH DICKINSON UNIVERSITY, NEW JERSEY'S LARGEST PRIVATE UNIVERSITY, IS A NONSECTARIAN, COEDUCATIONAL INSTITUTION OFFERING PROGRAMS ON THE UNDERGRADUATE, GRADUATE AND PROFESSIONAL LEVELS. THE UNIVERSITY EDUCATES APPROXIMATELY 11,100 STUDENTS PER YEAR, INCLUDING A STRONG INTERNATIONAL STUDENT POPULATION. FOUNDED AS A SMALL JUNIOR COLLEGE IN 1942, THE UNIVERSITY NOW MAINTAINS TWO MAJOR CAMPUSES IN NORTHERN NEW JERSEY SUBURBS - THE METROPOLITAN CAMPUS, SPANNING BOTH TEANECK AND HACKENSACK IN BERGEN COUNTY, AND THE FLORHAM CAMPUS, LOCATED IN FLORHAM PARK AND MADISON IN MORRIS COUNTY - AND CAMPUSES IN WROXTON, ENGLAND AND VANCOUVER, BRITISH COLUMBIA, CANADA. THE UNIVERSITY PROVIDES INSTRUCTION AT ADDITIONAL LOCATIONS THROUGHOUT NEW JERSEY, AND LEARNING OPPORTUNITIES AT SELECT LOCATIONS THROUGHOUT THE UNITED STATES AND STUDY-ABROAD IN A VARIETY OF LOCATIONS OVERSEAS. THE METROPOLITAN CAMPUS FEATURES A UNIVERSITY ATMOSPHERE WITH A DIVERSE DOCTORAL, GRADUATE, UNDERGRADUATE AND NON-DEGREE STUDENT POPULATION FROM THE UNITED STATES AND ABROAD. IT OFFERS A WIDE RANGE OF PROGRAMS, DELIVERED IN-PERSON AND ONLINE, INCLUDING DEGREE, CERTIFICATE AND CONTINUING-EDUCATION PROGRAMS; UNDERGRADUATE, GRADUATE AND DOCTORAL DEGREE PROGRAMS; AND PROFESSIONAL-LEVEL PROGRAMS, AS WELL AS NON-DIPLOMA, NON-DEGREE AND CERTIFICATE PROGRAMS. DEGREES AWARDED RANGE FROM THE ASSOCIATE TO THE PH.D. THE METROPOLITAN CAMPUS IN PARTICULAR FEATURES THE DEPTH AND BREADTH OF THE LIBERAL ARTS FACULTY, THE FOCUS AND STRENGTH OF THE COMPUTER SCIENCE AND ENGINEERING PROGRAMS, THE VARIETY AND IMPORTANCE OF THE HEALTH PROFESSION MAJORS, THE QUALITY OF THE CLINICAL PSYCHOLOGY AND SCHOOL PSYCHOLOGY PROGRAMS AND THE PRESENCE OF THE LARGEST NUMBER OF PROFESSIONAL ACCREDITED PROGRAMS AT THE UNIVERSITY. THE METROPOLITAN CAMPUS ALSO SERVES AS THE HOME OF THE ELS LANGUAGE CENTER PROGRAM. THE SILBERMAN COLLEGE OF BUSINESS IS ACCREDITED BY AACSB INTERNATIONAL - THE ASSOCIATION TO ADVANCE COLLEGIATE SCHOOLS OF BUSINESS. THE COLLEGE OFFERS UNDERGRADUATE AND GRADUATE PROGRAMS IN BUSINESS EDUCATION AT BOTH THE UNIVERSITY'S FLORHAM CAMPUS AND METROPOLITAN CAMPUS IN NEW JERSEY AND AT THE VANCOUVER CAMPUS IN BRITISH COLUMBIA, CANADA. FAIRLEIGH DICKINSON'S FLORHAM CAMPUS OFFERS A CLASSIC COLLEGE EXPERIENCE WHERE UNDERGRADUATES ARE AT THE HEART OF THE LEARNING EXPERIENCE. WITH ITS SMALL COLLEGE SETTING, THE FLORHAM CAMPUS EMPHASIZES RESIDENTIAL LIVING, HANDS-ON LEARNING, GRADUATE AND PROFESSIONAL SCHOOL PREPARATION AND CUSTOMIZED EDUCATIONAL OFFERINGS, ALL FRAMED WITH A GLOBAL PERSPECTIVE. THE FLORHAM CAMPUS OFFERS A BROAD RANGE OF STRONG PROGRAMS AT THE UNDERGRADUATE, GRADUATE DOCTORAL, AND PROFESSIONAL LEVELS, AS WELL AS NON-DIPLOMA, NON-DEGREE, CERTIFICATE AND CONTINUING-EDUCATION PROGRAMS AND CREATES AN ACADEMICALLY CHALLENGING LEARNING ENVIRONMENT WITH AN ENHANCED RESIDENTIAL EXPERIENCE. THE UNIVERSITY'S SCHOOL OF PHARMACY AND HEALTH SCIENCES ON THE CAMPUS FEATURES A DYNAMIC CURRICULUM INCORPORATING TECHNOLOGY, A GLOBAL PERSPECTIVE AND MULTIPLE GRADUATE DEGREE OPTIONS. WROXTON COLLEGE IS HOUSED IN AN 18TH-CENTURY JACOBEAN MANSION IN THE COTSWOLD AREA OF BRITAIN. YET, LONDON, OXFORD AND THE ROYAL SHAKESPEARE COMPANY ARE ALL WITHIN A SHORT DRIVE. WROXTON COLLEGE'S EDUCATIONAL METHODS AND ACADEMIC PERSONNEL ARE CHOSEN TO GIVE STUDENTS THE BEST EXPERIENCE THAT BRITAIN CAN OFFER. COURSES ARE TAUGHT BY THE LECTURE, SEMINAR AND TUTORIAL METHODS EMPLOYED IN BRITISH UNIVERSITIES. THE COLLEGE OFFERS A LARGE NUMBER OF COURSES IN LITERATURE, HISTORY, POLITICAL SCIENCE, FINE ARTS, UNIVERSITY CORE AND SOCIOLOGY. THE COLLEGE'S OWN BRITISH TEACHING STAFF IS SUPPLEMENTED BY VISITING LECTURERS FROM BRITISH UNIVERSITIES. THE VANCOUVER CAMPUS OFFERS STUDENTS ONE OF THE FEW OPPORTUNITIES TO EARN AN AMERICAN COLLEGE DEGREE WHILE STUDYING IN CANADA. THE CAMPUS BRINGS TOGETHER STUDENTS FROM MORE THAN 60 COUNTRIES INTO A STUDENT-CENTERED LEARNING ENVIRONMENT. ALL DEGREE PROGRAMS OFFERED AT THE VANCOUVER CAMPUS HAVE BEEN AUTHORIZED BY THE BRITISH COLUMBIA MINISTRY OF ADVANCED EDUCATION. THE VANCOUVER CAMPUS OFFERS ACCREDITED PROFESSIONAL DEGREE PROGRAMS TO INTERNATIONAL STUDENTS WITH MAJORS IN BUSINESS ADMINISTRATION AND INFORMATION TECHNOLOGY. THE UNIVERSITY ALSO OFFERS A BACHELOR OF ARTS IN INDIVIDUALIZED STUDIES, A BACHELOR OF ARTS IN INDIVIDUALIZED STUDIES WITH A SPECIALIZATION IN HOSPITALITY AND TOURISM MANAGEMENT, A MASTER OF ADMINISTRATIVE SCIENCE DEGREE, A MASTER OF SCIENCE IN APPLIED COMPUTER SCIENCE AND A MASTER OF HOSPITALITY MANAGEMENT STUDIES AT THE VANCOUVER CAMPUS. IN ADDITION, THE VANCOUVER CAMPUS OFFERS A PRE UNIVERSITY PROGRAM WHICH PROVIDES ADVANCED ENGLISH-LANGUAGE TRAINING FOR STUDENTS WHO MEET THE REQUIREMENTS FOR ADMISSION BUT REQUIRE ADDITIONAL TRAINING IN ENGLISH (IN SPEAKING AND/OR WRITING) PRIOR TO MATRICULATING IN A DEGREE PROGRAM. FAIRLEIGH DICKINSON UNIVERSITY HAS ALSO LONG BEEN A NATIONAL LEADER IN PROVIDING ACADEMIC PROGRAMS AND SUPPORT SERVICES FOR VETERANS. THE UNIVERSITY PARTICIPATES IN THE GI BILL YELLOW RIBBON PROGRAM AND HAS BEEN RANKED AMONG AMERICA'S BEST COLLEGES FOR VETERANS BY U.S. NEWS & WORLD REPORT. IT RECENTLY WAS PROCLAIMED A PURPLE HEART UNIVERSITY BY THE STATE OF NEW JERSEY MILITARY ORDER OF THE PURPLE HEART FOR EXEMPLIFYING OUTSTANDING VETERAN SUPPORT, COMMITMENT AND A GENUINE CONCERN FOR THE WELL-BEING OF UNITED STATES VETERANS. FORM 990, PART III, LINE 4C HIGHER EDUCATION RESEARCH - INVESTIGATION AND EXPERIMENTAL ACTIVITIES FOR THE PURPOSE OF DISCOVERY AND REVISION OF ACCEPTED CONCLUSIONS UNDERTAKEN FOR THE BENEFIT OF THE COMMUNITY AT LARGE. THE SILBERMAN COLLEGE OF BUSINESS SPONSORS A SERIES OF BUSINESS RESEARCH STUDIES THAT INVOLVE FACULTY AND STUDENTS. THE COLLEGE PUBLISHES SEVERAL WORKING PAPERS SERIES AND THE JOURNAL OF PHARMACEUTICAL CHEMICAL BUSINESS. THE SCHOOL OF PSYCHOLOGY AND COUNSELING HOUSES THE CLINICAL PSYCHOLOGY AND PSYCHOLOGY DOCTORAL PROGRAMS WHERE STUDENTS AND FACULTY DO RESEARCH IN SUCH AREAS AS BEHAVIORAL MEDICINE, COGNITIVE, PSYCHOLOGICAL AND PSYCH-EDUCATIONAL TESTING AND WOMEN'S ISSUES. THE SCHOOL OF PSYCHOLOGY AND COUNSELING FURTHER EMPHASIZES EXPERIMENTAL, INDUSTRIAL/ORGANIZATION PSYCHOLOGY AND CLINICAL COUNSELING. IN ADDITION, IN THE MAXWELL BECTON COLLEGE OF ARTS AND SCIENCES, RESEARCH EFFORTS ARE PARTICULARLY PROMINENT IN ENGLISH, SOCIAL SCIENCES AND COMMUNICATION DISCIPLINES. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE UNIVERSITY'S BOARD OF TRUSTEES ASSIGNED THE PRIMARY RESPONSIBILITY FOR THE DETAILED REVIEW OF FORM 990 TO THE FINANCE, AUDIT, AND BUDGET COMMITTEE (THE "FABC") OF THE BOARD. THE FABC HAS WORKED CLOSELY WITH MANAGEMENT TO BECOME FAMILIAR WITH THE REQUIREMENTS AND TO ENSURE THAT UNIVERSITY AND PROCEDURES ACCURATELY REFLECT ITS OPERATIONS. FORM 990 WAS PREPARED BY KPMG LLP USING INFORMATION PROVIDED BY THE UNIVERSITY AND REVIEWED BY MANAGEMENT WITH OVERSIGHT RESPONSIBILITY PRIOR TO THE SUBMISSION TO THE GOVERNING BODY FOR REVIEW. THE FABC REVIEWED THE FORM 990 AT ITS MEETING ON APRIL 23, 2024 AFTER RECEIVING A DRAFT DOCUMENT SEVERAL DAYS IN ADVANCE. THIS REVIEW ALSO INCLUDED THE UNIVERSITY'S OFFICERS. THE DRAFT FORM 990 IS POSTED ON THE SECURE BOARD OF TRUSTEES PORTAL AND A NOTIFICATION IS SENT TO ALL MEMBERS OF THE BOARD OF TRUSTEES ALLOWING SUFFICIENT TIME FOR THEIR REVIEW PRIOR TO FILING. |
| FORM 990, PART VI, SECTION B, LINE 12C | FAIRLEIGH DICKINSON UNIVERSITY IS COMMITTED TO THE HIGHEST STANDARDS OF ETHICS IN ALL ASPECTS OF THE OPERATION OF THE UNIVERSITY AND HAS A WRITTEN CONFLICT OF INTEREST POLICY FOR ALL MEMBERS OF THE UNIVERSITY COMMUNITY THAT INCLUDES TRUSTEES, OFFICERS, FACULTY MEMBERS, STAFF MEMBERS, STUDENT EMPLOYEES, CONSULTANTS AND ANYONE ELSE WHO HAS AN OFFICIAL AFFILIATION WITH THE UNIVERSITY. THE POLICY REQUIRES TRUSTEES, OFFICERS, FACULTY MEMBERS, AND STAFF MEMBERS TO AVOID CONFLICTS OF INTEREST AND THE APPEARANCE OF IMPROPRIETY IN UNIVERSITY TRANSACTIONS. TRUSTEES, OFFICERS, AND KEY EMPLOYEES ARE REQUIRED TO PROVIDE A SIGNED CONFLICT OF INTEREST DISCLOSURE ANNUALLY TO THE UNIVERSITY'S GENERAL COUNSEL, WHO IS RESPONSIBLE FOR THE ADMINISTRATION OF THE POLICY. THE POLICY STATES THAT NO MEMBER SHALL MAKE RECOMMENDATIONS, VOTE, DELIBERATE, OR PARTICIPATE IN DECISION-MAKING WHERE A CONFLICT EXISTS. THE UNIVERSTIY'S CONFLICT OF INTEREST POLICY IS ALSO AVAILABLE ON THE UNIVERSITY'S WEBSITE. THE POLICY CALLS FOR ANY MEMBER OF THE UNIVERSITY TO MAKE DISCLOSURE REGARDING POLICY VIOLATIONS TO THE GENERAL COUNSEL FOR INVESTIGATION. IN ADDITION, THE UNIVERSITY'S FINANCE DEPARTMENT MONITORS PAYMENT REQUESTS AND FLAGS QUESTIONABLE ITEMS. SUCH ARE REFERRED TO THE GENERAL COUNSEL FOR ANALYSIS, INVESTIGATION AND GUIDANCE. |
| FORM 990, PART VI, SECTION B, LINE 15 | THE BOARD OF TRUSTEES COMPENSATION COMMITTEE IS RESPONSIBLE FOR MAKING RECOMMENDATIONS TO THE BOARD OF TRUSTEES EXECUTIVE COMMITTEE CONCERNING COMPENSATION OF THE UNIVERSITY PRESIDENT AND SETTING COMPENSATION AND OTHER TERMS AND CONDITIONS OF EMPLOYMENT FOR OFFICERS OF THE UNIVERSITY IN CONSULTATION WITH THE PRESIDENT. THE PROCESS FOR DETERMINING COMPENSATION INCLUDES RETAINING AN INDEPENDENT FIRM TO STUDY EXECUTIVE COMPENSATION TO ASSURE THAT THE COMPENSATION OF EACH OFFICER IS CONSISTENT WITH MARKET TRENDS AND IN COMPLIANCE WITH REGULATIONS. THE MOST RECENT EXECUTIVE COMPENSATION STUDY REPORT WAS ISSUED IN JANUARY 2018. THE COMPENSATION COMMITTEE IS ALSO RESPONSIBLE FOR CONDUCTING OR COMMISSIONING ANY NECESSARY SURVEY OR STUDIES AND TO REPORT THE RESULTS TO THE BOARD OF TRUSTEES. MEETINGS AND DECISIONS OF THE COMMITTEE ARE DOCUMENTED CONTEMPORANEOUSLY IN COMMITTEE MINUTES. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE UNIVERSITY MAKES ITS FORM 1023 AND GOVERNING DOCUMENTS AVAILABLE BY WRITTEN REQUEST TO THE UNIVERSITY ASSOCIATE VICE PRESIDENT FOR FINANCE OR UNIVERSITY GENERAL COUNSEL. THE CONFLICT OF INTEREST POLICY IS AVAILABLE ON THE UNIVERSITY WEBPAGE UNDER UNIVERSITY POLICIES, OFFICE OF THE GENERAL COUNSEL, AND ALSO BY WRITTEN REQUEST. FORMS 990 AND 990-T ARE AVAILABLE WITHOUT CHARGE FOR IN-PERSON PUBLIC INSPECTION AT THE UNIVERSITY LIBRARIES LOCATED IN TEANECK AND MADISON, NJ DURING REGULAR BUSINESS HOURS BY ANYONE MAKING A REQUEST. ADDITIONALLY, REQUESTS FOR FORM 990 AND 990-T MAY BE MADE BY MAIL, ELECTRONIC MAIL, FACSIMILE OR PRIVATE DELIVERY SERVICE TO THE ASSOCIATE VICE PRESIDENT FOR FINANCE, 1000 RIVER ROAD, TEANECK, NJ 07666-1914. COPIES OF FORMS ARE AVAILABLE WITHOUT CHARGE, OTHER THAN A REASONABLE FEE FOR REPRODUCTION AND POSTAGE COSTS. FORM 990 AND 990-T ARE AVAILABLE FOR A PERIOD OF 3 YEARS FROM THE DATE THE RETURN WAS REQUIRED TO BE FILED, OR IS ACTUALLY FILED, WHICHEVER IS LATER. |
| FORM 990, PART XI, LINE 9: | CHANGE IN FAIR VALUE OF INTERESTS 3,367. MULTI EMPLOYER PENSION PLAN CHANGE -31,669. POST-RETIREMENT BENEFIT CHANGE 156,750. PRIOR YEAR PLEDGE ADJUSTMENTS -249,508. |
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