St Joseph'S University New York

“Process used to review form 990 the form 990 was prepared by a nationally renowned accounting firm in conjunction with the organization's financial department. A copy of the draft form 990 was circulated to the full board of trustees for discussion and comment. Each board member was provided ample opportunity to comment on the information contained in the 990 prior to its filing with the internal revenue service.”

“Enforcement of conflict of interest policy each officer, director, trustee and key employee of the college is required to annually disclose any conflicts of interest that arise by virtue of their employment, board service, or position with the college. The college monitors compliance with its conflict of interest policy through an annual questionnaire/disclosure statement that is distributed to these individuals. Potential conflicts are investigated immediately.”

“Process for determining compensation the college undertakes a thorough process to ensure that the executive compensation it pays to its top management official and all of its officers and key employees is reasonable given the market in which the college operates. In relevant part, the board of directors has established a compensation committee of independent persons that have no personal interest in the proposed compensation agreement. The compensation committee compares data from other institutions to ensure that the college compensates its executives commensurate with the market.”

“Availability of documents to the public the organization makes its form 990 available to the public by retaining a copy at its place of business. The form 990 is likewise published on the internet at www.guidestar.org. The organization's financial statements, governing documents and conflict of interest policy are not ordinarily made available to the public, but, if requested, will be provided at management's discretion.”

“St. Joseph's college was founded in 1916 in brooklyn, new york and exists today with its original campus in brooklyn and a branch campus in patchogue, new york. The college is an independent not-for-profit institution providing academic undergraduate and graduate level programs. The mission of st. Joseph's college is to provide strong academic and value-oriented education at the undergraduate and graduate levels, rooted in liberal arts tradition that supports provision for career preparation and enhancement. The college prepares each student for a life characterized by integrity, intellectual and spiritual values, social responsibility, and service - a life that is worthy of the college's motto, esse non videri: "to be, not to seem".”

“Educational institution of higher learning that provides academic undergraduate and graduate level programs. The college provides strong academic and value-oriented programs rooted in a liberal arts tradition that supports provision for career preparation and enhancement. Our strong academic programs include - twenty-three undergraduate majors between the schools of arts and sciences and professional and graduate studies - an expanded graduate program that includes nine master's degrees - several certificate programs that can advance a career or be combined with a major - a student-faculty ratio of 15:1 - more than 500 dedicated faculty, who are available in a small-class environment.”

“The dillon child study center offers toddler, preschool and kindergarten programs based on the child development approach to the education of young children. Located on st. Joseph's college campus in the clinton hill section of brooklyn, dillon, founded in 1934, is historically one of the first college preschools on the east coast. Licensed by the new york city department of health and registered with the new york state department of education, dillon serves over one hundred children, with five classes for pre-kindergarten and kindergarten children and an inclusive class of both typically and atypically developing children. In a child-centered atmosphere, children learn through play and develop confidence, competence and dispositions for future learning. All teachers have obtained or are working toward early childhood certification and their master's degrees.”

“Change in fair market value of split interest agreements 704,862.”

“Organization as a result of the covid-19 pandemic, in march 2020 the college changed it modality of education to remote learning. To mitigate the impact of the covid-19 pandemic, the college participated in several governmental programs, including the higher education emergency relief fund ("heerf"). The covid-19 pandemic continues to have significant effects on higher education, global markets, supply chains, businesses, and communities. Specific to the college, covid-19 has impacted various parts of its operations and financial results and may impact portions of its operations and financial results in the future, including, but not limited to, declines in enrollment, loss of auxiliary revenues, additional bad debts, costs for increased use of technology and safety protocols, or potential shortages of personnel. Management believes that the college is taking appropriate actions to mitigate the negative impact. The higher education emergency relief fund ("heerf") provides funding to institutions for emergency financial aid grants to students as well as funding to support the costs of shifting classes online and other institutional costs incurred related to the pandemic. For the years ended june 30, 2021 and 2020, the college recognized $8,841,596 and $1,763,967, respectively, in revenue under the provisions of the heerf programs and is recorded as government grants and contracted services within the accompanying statements of activities.”