Fairfield University

“Board of trustee members andrew j. Mcmahon and kristin d. Mcmahon are related through marriage (brother and sister-in-law).”

“It is the policy of fairfield university that each voting member of the finance and audit committee of the board of trustees is presented with a copy of the completed irs form 990 before it is filed with the irs. Form 990 is reviewed and approved by the vice president for finance before it is forwarded to the finance and audit committee.”

“Members of the board of trustees are asked to sign a conflict of interest statement. The statement shall be signed annually by each board member as a condition of membership on the board of trustees. Each trustee is expected to disclose in writing to the chairman of the board all situations in which conflicts might exist or appear to exist. Conflict of interest statements are collected and reviewed by the university secretary. No trustee having interests conflicting with the interests of the university, or appearing so, shall take part in the deliberations or votes of the board involving the question concerning the conflict nor seek to influence the other trustees on that question.”

“The review process includes all of these elements (1) review and approval by the board of trustees--compensation is reviewed and approved by the board of trustees of fairfield university every two years, provided that persons with conflicts of interest with respect to the compensation arrangement at issue are not involved in this review and approval. (2) use of data as to comparable compensation--the compensation of the person is reviewed and approved using data as to comparable compensation for similarly qualified persons in functionally comparable positions at similarly situated universities. The following methods have been used: a. Review by an independent third party; b. Conduct market assessment of salaries; and c. Evaluate the appropriateness of the current salary structure to ensure that we are and remain competitive with the market, as well as remain internally equitable. (3) contemporaneous documentation and recordkeeping--there is contemporaneous documentation and record keeping with respect to the deliberations and decisions regarding the compensation arrangement. Compensation arrangement the last time of review was july 2021.”

“Governing documents such as financial statements, conflict of interest policy and whistleblower policy are available on the university's website and also by request.”

“Fairfield's mission is to develop the creative intellectual potential of its students and to foster in them ethical and religious values and a sense of social responsibility.”

“The purpose of fairfield university is to establish, organize, maintain and conduct an institution for intermediate, secondary, undergraduate and graduate education in the state of connecticut, and to perform such other works of education, charity and religion. A fairfield university education has become more integrated in focus, more global in outlook, and more intentional in its structure than ever before in the jesuit tradition. We are committed to creating a student-focused, holistic, and diverse educational environment intended to educate the whole person, mind, body and spirit. We want to cultivate in both our undergraduate and graduate students a sense of community and strong ethical and spiritual values to guide them on their paths into the future. Covid-19 impact in response to covid-19, the united states congress passed the coronavirus aid, relief and economic security (cares) act on march 27, 2020 and the coronaviris response and relief supplemental appropriations act (crrsaa) on december 27, 2020. The university recognized $1,692,000 in grant revenue as a result of the cares and crrsaa acts in fiscal year 2021. The funds were used to award covid-19 relief aid to students, as well as, to offset costs incurred by the university related to covid-19, including adjustments to room and board.”

“Fairfield university is an institution of higher learning with undergraduate, graduate, doctorate and continuing education academic programs including students residing on campus. Full-time equivalent enrollment for the 2020-2021 academic year was 4,272 undergraduates and 774 graduate students with approximately 3,106 students living in on-campus residences. Also included in our program services is a secondary preparatory school with an enrollment of approximately 740 students. Fairfield university welcomed 1,118 members of the class of 2024 and 59 transfer students to campus in the fall of 2020. The class of 2024 is a strong class, with an average sat score of 1264 under the new scoring system. Continued refinement of the financial aid process as well as enhancements to campus programming and follow up communication efforts resulted in a class that exceeded our budgeted goals. Fairfield university was once again recognized in the annual u.s. News and world report (usnwr) best colleges 2022 rankings. The university topped the 2022 annual lists with both regional and national distinctions. Placing high up on the best regional universities in the north list at #3, fairfield was also ranked at #3 among the most innovative schools in the northern region, and #3 on the best undergraduate teaching - regional universities list. The university jumped two spots to #19 for best value schools - regional universities north. Nationally, fairfield university's charles f. Dolan school of business programs were recognized in the top 32 percent, at #166 on the best undergraduate business programs list - up 14 spots from the previous year. For best undergraduate business programs - accounting, fairfield dolan was ranked near the top at #21, jumping 23 spots from 2021. Additionally, fairfield dolan rose to #16 for best undergraduate business programs - finance, and to #23 on the best undergraduate business programs - marketing. Best undergraduate business programs - business analytics, ranked #13. New this year, u.s. News & world report included best undergraduate nursing programs in their rankings. Fairfield's marion peckham egan school of nursing and health studies was ranked in the top 11 percent nationally at #76 (tied) out of almost 700 schools. Fairfield's school of engineering landed at #109 in the top half of schools ranked for best undergraduate engineering programs - no doctorate. The university also ranked #5 out of 13 colleges that give merit aid to the most students. In other national rankings, fairfield university has once again been ranked in the top 5 percent nationwide in college factual's annual best quality rankings. Bachelor's, master's and doctorate level programs across the university received high national placement in categories such as business, management & marketing; management information systems; accounting; marketing; finance & financial management; communication & journalism; nursing; and mental health & social health services. College factual analyzes more than 2,000 schools annually to determine its rankings in a variety of categories. Regionally, fairfield was ranked #1 in best school psychology master's degree schools; #1 in best communication & media studies master's degree schools; #1 in best public relations & advertising bachelor's degree schools; #1 in best nursing doctor's degree schools; and #2 in best psychiatric/mental health nursing doctor's degree schools. Fairfield was also ranked among the top 25 percent of colleges and universities in the nation, and among the top 15 percent for engagement according to the wall street journal (wsj)/times higher education (the) 2022 college ranking. Among schools in the northeast region, fairfield was ranked #76. Within the "engagement" category, which considers student engagement, interaction with teachers and students, student recommendation and accredited programs, fairfield was ranked in the top 100 at #96. Additionally, the most recent update of the carnegie c”

“Gain on extinguishment of debt 139,089. Uncollectible pledges write-off -235,720. Change in split interest aggreement -32,319. Rounding 155.”