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Sacred Heart University

Public charityFed auditsIRS 990990-T FY2023
DBA: % MICHAEL J KINNEY
Other · FAIRFIELD, CT · EIN 06-0776644

About

At sacred heart university, we not only prepare students for the future, but also give them a deeper appreciation of who they are and ALL they CAN be. Through our distinctive mission and commitment to leadership in catholic higher education, we help students help others and, together, we make a difference in the world. The SHU mission: the pursuit of truth and knowledge as intrinsically valuable; commitment to excellence in ALL that we do; responsibility for the common good of society; recognition of the dignity and worth of every human being; preservation, transmission and development of the liberal arts and catholic intellectual traditions. Our vision is to shape graduates knowledgeable of self, rooted in faith, educated in mind, compassionate in heart, responsive to social and civic obligations and ABLE to respond to an ever-changing world.

In care of Michael J Kinney

Donations are tax-deductible
Category
Other
Employees
5,403
Volunteers
150

Financial Snapshot

FY ending 2023-06-30
Revenue
$509.0M
Expenses
$424.6M
Assets
$1.4B
Liabilities
$588.6M

Financial history

$509.0M$254.5M$0
1617181920212223
RevenueExpenses
Latest FY2023: $509.0M · Avg: $380.3M

Foreign activity (Schedule F)

Total spent abroad$47.5M
Foreign employees23
Foreign offices2
Foreign partnership interestYes
Foreign trust interestNo
RegionActivitySpent
EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM
CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS,
CENTRAL AMERICA AND THE CARIBBEAN
EUROPE (INCLUDING ICELAND & GREENLAND)

501(h) election

This 501(c)(3) has NOT elected 501(h) — lobbying is permitted but limited under the vaguer "no substantial part of activities" test.

Political & Grant Activity

Campaign Spending
Lobbying
$0
Grants Given
SACRED HEART UNIVERSITY
Your actions

Address

5151 Park AVE
Fairfield, CT, 06825-102

Governance

Voting board members23
Independent members21
Conflict-of-interest policyYes
Whistleblower policyYes
Doc-retention policyYes
Audit committeeYes
990 reviewed by boardNo

Compensation practices

Severance paymentsYes
Equity-based compNo
Supplemental retirement planNo
Compensation committeeYes
Used comp surveyYes
Board approved compYes
Initial contract exceptionYes

Financial detail (Schedule D)

Board-designated %83.5%
Permanent endowment %10.8%
Endowment held by related orgNo

Fundraising activity (Schedule G)

Uses professional fundraisersYes
Retained by contractors$523K
ChannelsMail · Phone · Email · In-person · Grant solicitation
Public records
ProPublica Nonprofit Explorer
Full 990 PDFs going back to 2001, plus parsed financial extracts. The easiest place to read actual filings.
IRS Tax Exempt Organization Search
IRS-side authoritative source. Confirms current exempt status and pulls the latest determination letter.
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