Sacred Heart University Incorporated

“The following is the succession of the reviews that occur prior to filing form 990. Revisions to the return may be made at any point prior to final filing of the return: the return is prepared by an outside preparer with the assistance of the accounting staff. The return is then independently reviewed by the controller and sr vp for finance. Copies of the return are provided to the president, each member of the audit committee of the board of trustees and the corporate secretary for their review and comment prior to filing.”

“Every year, the conflict of interest policy is reviewed. All key employees, trustees and officers of the university are required to review and complete the forms as appropriate, sign, and submit the forms to their manager or board secretary for review and signature.”

“Compensation for the university's president/ceo is determined through an extensive review of the job responsibilities and expectations outlined by the board. The compensation committee then performs a review of external market and industry survey and study data. Consideration of all additional responsibilities are detailed out in specific language in an employment contract approved by our legal counsel. Final salary ranges are then determined by the compensation committee. Compensation for other key employees is determined by the evaluation of the job description against external market data available as well as the review of our internal employee data. Consideration of additional responsibilities and other factors may also contribute in determining compensation.”

“Compensation for the university's other officers and key employees is originally determined based on external market and industry survey as well as the review of our internal employee data. Any additional responsibilities are also considered. The data is reviewed by a committee authorized by the board of trustees. Decisions and authorizations are documented and placed on file with the vice president of human resources. Final annual salary recommendations from the president are submitted for review and approved by the human resources compensation committee.”

“Guidestar.org posts the university's 990 filing annually. This makes the 990 widely available through the internet. Copies are also made available for public inspection upon request. Governing documents and the annual financial report are made available to board members and in compliance with debt covenants. University employee and faculty handbooks are posted on the university website. In addition, all staff and faculty receive a hard copy. The conflict of interest policy is annually distributed only to key employees, directors, and officers of the university to sign and return.”

“(Expenses $ 71,495,408 including grants of $ 0)(Revenue $ 80,650,085) AUXILIARY ENTERPRISES AND OTHER MISCELLANEOUS SERVICES USED TO SUPPORT THE PURPOSE AND MISSION OF SACRED HEART UNIVERSITY.”

“Change in the value of interest rate swaps - 324560;”

“Ireland: sacred heart university offers students the opportunity to delve into irish culture in the heart of the irish-speaking dingle gaeltacht region. Students study in irish surroundings and live the irish experience through hands-on seminars led by accomplished scholars and local experts. What develops is a profound understanding of celtic culture, as well as a greater appreciation of diverse societies. Sacred heart university offers a variety of study abroad opportunities around the world for sacred heart and visiting students - with programming that supports a broad range of educational, professional, and personal objectives. The university offers faculty-led programs in various countries each year. On these programs students develop the habits of mind, heart, and spirit that will prepare them to engage purposefully in a global world. Courses completed on a sacred heart study abroad program may fulfill general education, elective, or major/minor credits, enabling students, regardless of academic plan, to study abroad and graduate according to their individual schedules. Additional opportunities are also available for clinical credit or experimental learning. Sacred heart university supports study abroad programming by identifying, developing, nurturing, and maintaining a diverse set of international programs with a commitment to quality, safety, affordability and accessibility.”

“Investments included in this section relate to investment holdings included in the university's endowment portfolio.”