SETON HALL UNIVERSITY

EIN: 221500645 501(c)(3)

SOUTH ORANGE, NJ

Total Revenue
$563,813,000
Total Expenses
$550,690,000
Total Assets
$921,688,000
Net Assets
$552,557,000
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Financial Trends

Organization Details

Formation Year
1856
Legal Domicile
NJ
Principal Officer
KATIA PASSERINI PHD
Phone
9737619318
Tax Period
2023-07-01 to 2024-06-30

SETON HALL UNIVERSITY, founded in 1856, is a major nonprofit that reported $563.8M in total revenue in fiscal year 2023.

Mission

SETON HALL UNIVERSITY (THE "UNIVERSITY") IS THE NATION'S OLDEST DIOCESAN CATHOLIC UNIVERSITY. IN A DIVERSE AND COLLABORATIVE ENVIRONMENT, IT FOCUSES ON ACADEMIC, ETHICAL, AND SPIRITUAL DEVELOPMENT. SETON HALL STUDENTS ARE PREPARED TO BE LEADERS IN THEIR PROFESSIONAL AND COMMUNITY LIVES IN A GLOBAL SOCIETY AND ARE CHALLENGED BY OUTSTANDING FACULTY, A TECHNOLOGICALLY ADVANCED SETTING, AND VALUES-CENTERED CURRICULA. THE UNIVERSITY IS HOME TO NINE NATIONALLY RECOGNIZED AND ACCREDITED SCHOOLS LOCATED ON THREE CAMPUSES, ALL WITHIN 15 MILES OF NEW YORK CITY. ITS MAIN CAMPUS IS IN SOUTH ORANGE, NEW JERSEY, ITS NATIONALLY RANKED LAW SCHOOL IS IN NEWARK, NEW JERSEY, AND ITS INTERPROFESSIONAL HEALTH SCIENCES ("IHS") CAMPUS IS IN THE CITY OF CLIFTON AND THE TOWNSHIP OF NUTLEY, NEW JERSEY. WITHIN THESE NINE SCHOOLS, THE PROFESSORS OF SETON HALL EDUCATE, SHAPE AND DEVELOP APPROXIMATELY 6,000 UNDERGRADUATE AND 3,400 GRADUATE STUDENTS, WHO ARE ENROLLED IN MORE THAN 186 RIGOROUS MAJORS. THIS HAS LED TO THE UNIVERSITY BEING NATIONALLY RECOGNIZED FOR ACADEMIC EXCELLENCE BY THE PRINCETON REVIEW, U.S. NEWS AND WORLD REPORT, AND BLOOMBERG BUSINESSWEEK. THE UNIVERSITY REMAINS A PIONEER IN CATHOLIC EDUCATION. THE UNIVERSITY HAS A LONG-TERM RELATIONSHIP WITH HACKENSACK MERIDIAN HEALTH AT ITS IHS CAMPUS. THE UNIVERSITY AND HMH WERE PARTNERS IN AN AGREEMENT TO RENOVATE THE IHS PREMISES FOR THE UNIVERSITY'S CON AND SHMS COLLEGES AND THE HACKENSACK MERIDIAN SCHOOL OF MEDICINE (HMSOM). HMH IS LESSOR TO THE LEASE FOR THIS PREMISES (KINGSLAND LEASE) AND THE UNIVERSITY SUBLEASES SPACE FROM HMH. THE UNIVERSITY AND HMH WILL CO-OWN THE IHS CAMPUS WHEN THE KINGSLAND LEASE AND UNIVERSITY'S SUBLEASE EXPIRE. IN ADDITION, THE UNIVERSITY AND HMH MAINTAIN A STRATEGIC ACADEMIC PARTNERSHIP AGREEMENT WHEREBY THE UNIVERSITY AND THE HMSOM HAVE AN INTEGRATED CURRICULUM, WITH 25% OF THE SEATS IN EACH CLASS OF THE MD PROGRAM RESERVED FOR UNIVERSITY GRADUATES WHO RESIDE IN NEW JERSEY, PROVIDED THEY MEET THE STANDARDS OF ADMISSION SET BY THE HMSOM, AND THE UNIVERSITY'S CON AND SHMS STUDENTS HAVING BROAD ACCESS TO TRAIN AT HMH HOSPITALS. ROBERT C. GARRETT, REGENT, IS THE CEO AT HMH, AND ALSO ON THE BOARD OF GOVERNORS OF THE HMSOM. THE UNIVERSITY, HMSOM AND HMH ARE STRATEGIC ACADEMIC PARTNERS. NEITHER HMH NOR THE HMSOM ARE CONSIDERED RELATED PARTIES OF THE UNIVERSITY.

Program Service Accomplishments

Program 1
Expenses: $361,942,000 Revenue: $462,650,000

EDUCATIONAL - SETON HALL UNIVERSITY OPERATES TO PROVIDE BACCALAUREATE, MASTERS, AND DOCTORAL DEGREES. DAY AND EVENING SESSIONS ACCOMMODATE BOTH COMMUTER AND RESIDENTIAL STUDENTS ON A PART-TIME AND...

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EDUCATIONAL - SETON HALL UNIVERSITY OPERATES TO PROVIDE BACCALAUREATE, MASTERS, AND DOCTORAL DEGREES. DAY AND EVENING SESSIONS ACCOMMODATE BOTH COMMUTER AND RESIDENTIAL STUDENTS ON A PART-TIME AND FULL TIME BASIS.

Program 2
Expenses: $108,473,000 Revenue: $8,885,000

ACADEMIC SUPPORT AND STUDENT SERVICES - ACADEMIC SUPPORT PROVIDES SUPPORT SERVICES, SUCH AS LIBRARIES, ACADEMIC TECHNOLOGY, FACULTY CURRICULUM DEVELOPMENT, FOR ITS PRIMARY MISSIONS OF INSTRUCTION...

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ACADEMIC SUPPORT AND STUDENT SERVICES - ACADEMIC SUPPORT PROVIDES SUPPORT SERVICES, SUCH AS LIBRARIES, ACADEMIC TECHNOLOGY, FACULTY CURRICULUM DEVELOPMENT, FOR ITS PRIMARY MISSIONS OF INSTRUCTION, RESEARCH AND PUBLIC SERVICE. STUDENT SERVICES PROVIDE VARIOUS SERVICES TO STUDENTS, SUCH AS COUNSELING, CAREER GUIDANCE, FINANCIAL AID, STUDENT RECORDS, HEALTH SERVICES AND TRANSPORTATION, WHICH CONTRIBUTE TO THE STUDENTS' EMOTIONAL AND PHYSICAL WELL-BEING AND TO THEIR INTELLECTUAL, CULTURAL AND SOCIAL DEVELOPMENT OUTSIDE THE CONTEXT OF THE UNIVERSITY'S FORMAL INSTRUCTIONAL PROGRAMS.

Program 3
Expenses: $11,132,000 Revenue: $386,000

RESEARCH, TRAINING & PUBLIC SERVICES - ENABLES FACULTY TO EXPLORE NEW AREAS OF EDUCATION, LEARNING AND KNOWLEDGE AND PROVIDES NON-INSTRUCTIONAL SERVICES TO INDIVIDUALS AND GROUPS EXTERNAL TO THE...

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RESEARCH, TRAINING & PUBLIC SERVICES - ENABLES FACULTY TO EXPLORE NEW AREAS OF EDUCATION, LEARNING AND KNOWLEDGE AND PROVIDES NON-INSTRUCTIONAL SERVICES TO INDIVIDUALS AND GROUPS EXTERNAL TO THE UNIVERSITY. THE UNIVERSITY ALSO OFFERS FINANCIAL SUPPORT TO STUDENTS THROUGH ACADEMIC SCHOLARSHIPS AND WORK-STUDY PROGRAMS, WHICH ARE FUNDED BY FEDERAL, STATE AND PRIVATE GRANTS.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $64,922,000
Program Service Revenue $459,288,000
Investment Income $23,829,000
Other Revenue $15,774,000
TOTAL REVENUE $563,813,000

Expense Breakdown

Grants Paid $210,753,000
Salaries & Benefits $199,415,000
Fundraising Expenses $9,024,000
Program Expenses $481,547,000
Other Expenses $140,342,000
TOTAL EXPENSES $550,690,000

Year-over-Year Comparison

2023 2022 Change
Revenue $563,813,000 $528,427,000 +0.1%
Expenses $550,690,000 $513,621,000 +0.1%
Net Income $13,123,000 $14,806,000 -0.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
39
Independent Members
30
Employees
4013
Volunteers
578

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
14
$6,932,125
Total Directors
43
$2,834,170
Key Employees
5
$1,606,392
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SHAHEEN HOLLOWAY HEAD COACH MEN'S BASKETBALL 60.00
Highest
$2,132,686 $71,886 $2,204,572
JOSEPH E NYRE PHD PRESIDENT/CEO/REGENT/TRUSTEE 60.00
Officer Director
$1,719,479 $168,159 $1,887,638
PATRICK G LYONS MBA EVP OPERATIONS & CHIEF OF STAFF 60.00
Officer
$751,746 $127,326 $879,072
KATIA PASSERINIPHD INTERIM PRESIDENT/CEO/REGENT/TRUSTEE 60.00
Officer Director
$478,267 $67,690 $545,957
JON PAPARSENOS V.P. UNIV. ADVANCEMENT 50.00
Officer
$398,666 $132,633 $531,299
ANTHONY J BOZZELLA HEAD COACH WOMEN'S BASKETBALL 60.00
Highest
$444,623 $69,081 $513,704
ALYSSA MCCLOUD PHD SR. VP ENROLLMENT MANAGEMENT 50.00
Officer
$424,639 $82,552 $507,191
KIMBERLY A CAPADONA ESQ GENERAL COUNSEL 50.00
Officer
$378,016 $103,949 $481,965
DONNA M MCMONAGLE V.P. FINANCE & CFO 50.00
Officer
$374,906 $60,650 $435,556
JOHN CORNWELL JDM PHIL INTERIM DEAN, SCHOOL OF LAW 45.00
Key Emp
$362,258 $58,386 $420,644
MONICA BURNETTE PHD V.P. STUDENT SERVICES 50.00
Officer
$285,131 $95,328 $380,459
BRYAN FELT MA ATHLETICS DIRECTOR 45.00
Highest
$350,111 $25,996 $376,107
ERIK LILLQUIST JD INTERIM PROVOST 50.00
Officer
$303,303 $70,864 $374,167
MATTHEW BOROWICK MBA V.P. UNIV. RELATIONS 50.00
Officer
$296,706 $64,115 $360,821
JOYCE A STRAWSER PHD DEAN STILLMAN SCHOOL BUSINESS 45.00
Key Emp
$304,992 $53,662 $358,654
JOHN BUSCHMAN DLS DEAN UNIVERSITY LIBRARIES 45.00
Highest
$273,015 $50,213 $323,228
PAUL E FISHER MPA CHIEF INFORMATION OFFICER 45.00
Key Emp
$217,709 $83,459 $301,168
JONATHAN V FARINA PHD INTERIM DEAN COLLEGE OF ARTS & SCIENCES 45.00
Key Emp
$236,558 $62,964 $299,522
KATHERINE SUGA ESQ SENIOR ASSOCIATE GENERAL COUNSEL 45.00
Highest
$263,193 $34,603 $297,796
KATHLEEN BOOZANG JD LLM FORMER DEAN, SCHOOL OF LAW 45.00
$244,962 $35,796 $280,758
AMY F NEWCOMBE MED JD INTERIM V.P. BOARD AFFAIRS & STRATEGY 50.00
Officer
$189,137 $39,045 $228,182
VICKRAM DAYALU PHD INTERIM DEAN SCHOOL HEALTH & MEDICAL 45.00
Key Emp
$170,189 $56,215 $226,404
KAREN E BOROFF PHD FORMER INTERIM PROVOST 45.00
$168,526 $46,557 $215,083
MICHELE L NELSON PHD FORMER V.P. BOARD AFFAIRS & STRATEGY 45.00
$147,262 $46,372 $193,634
PETER W SHOEMAKER PHD FORMER DEAN COLLEGE OF ARTS & SCIENCES 45.00
$123,562 $63,938 $187,500
MONSIGNOR JOSEPH REILLY VICE PROVOST FOR ACADEMICS & CATHOLIC IDENTITY 45.00
Officer
$95,996 $80,724 $176,720
BRIAN B SHULMAN PHD FORMER DEAN SCHOOL HEALTH & MEDICAL 45.00
$156,303 $16,615 $172,918
GEORITA FRIERSON PHD FORMER DEAN COLLEGE OF ARTS & SCIENCES 45.00
$127,710 $16,375 $144,085
REVEREND COLLIN KAY M DIV V.P. FOR MISSION & MINISTRY 50.00
Officer
$68,124 $74,974 $143,098
MONSIGNOR GERARD MCCARREN TRUSTEE/RECTOR/DEAN 45.00
Director
$52,344 $74,974 $127,318
REVEREND GERALD J BUONOPANE REGENT / TRUSTEE/SR. LECTURER 45.00
Director
$39,638 $80,930 $120,568
REVEREND JOHN J CHADWICK REGENT/TRUSTEE 45.00
Director
$1,000 $80,974 $81,974
MONSIGNOR PETER SMUTELOVIC TRUSTEE 1.00
Director
$0 $70,715 $70,715
EDWARD J BISHOF MBA INTERIM V.P. FINANCE & CFO 50.00
Officer
$0 $0 $0
ALISA NORRIS REGENT 1.00
Director
$0 $0 $0
ANTHONY MASHERELLI REGENT 1.00
Director
$0 $0 $0
BONNIE A EVANS REGENT 1.00
Director
$0 $0 $0
BRIAN T FITZPATRICK REGENT 1.00
Director
$0 $0 $0
CARDINAL JOSEPH W TOBIN CSSR REGENT / TRUSTEE 1.00
Director
$0 $0 $0
DR GERALD P BUCCINO REGENT 1.00
Director
$0 $0 $0
EDWARD C CERNY REGENT 1.00
Director
$0 $0 $0
HELEN LERNER REGENT 1.00
Director
$0 $0 $0
HENRY F D'ALESSANDRO REGENT / TRUSTEE 1.00
Director
$0 $0 $0
JAMES E COLLINS REGENT 1.00
Director
$0 $0 $0
JAMES T BOYLE JR REGENT 1.00
Director
$0 $0 $0
JOHN C KELLY REGENT 1.00
Director
$0 $0 $0
JOSEPH HUGHES REGENT 1.00
Director
$0 $0 $0
JOSEPH P LASALA ESQ REGENT 1.00
Director
$0 $0 $0
KEVIN H MARINO ESQ REGENT / TRUSTEE 1.00
Director
$0 $0 $0
KEVIN J MCMAHON REGENT 1.00
Director
$0 $0 $0
KEVIN P FLOOD REGENT 1.00
Director
$0 $0 $0
LEO J ZATTA REGENT / TRUSTEE 1.00
Director
$0 $0 $0
MARY PAT CHRISTIE REGENT 1.00
Director
$0 $0 $0
MATTHEW W WRIGHT REGENT / TRUSTEE 1.00
Director
$0 $0 $0
MICHAEL J LUCCIOLA REGENT / TRUSTEE 1.00
Director
$0 $0 $0
MOST REVEREND DENNIS JSULLIVAN REGENT 1.00
Director
$0 $0 $0
MOST REVEREND JAMES F CHECCHIO REGENT 1.00
Director
$0 $0 $0
MOST REVEREND KEVIN J SWEENEY REGENT 1.00
Director
$0 $0 $0
MOST REVEREND KURT R BURNETTE REGENT / TRUSTEE 1.00
Director
$0 $0 $0
PAT WALSH REGENT 1.00
Director
$0 $0 $0
PATRICK M MURRAY REGENT 1.00
Director
$0 $0 $0
RICHARD A GIUDITTA JR REGENT 1.00
Director
$0 $0 $0
ROBERT B BUDELMAN ESQ TRUSTEE 1.00
Director
$0 $0 $0
ROBERT J SLOAN REGENT / TRUSTEE 1.00
Director
$0 $0 $0
ROBERT S BASSO REGENT 1.00
Director
$0 $0 $0
SR MAUREEN SHAUGHNESSY SC TRUSTEE 1.00
Director
$0 $0 $0
SR SHARON A EUART RSM TRUSTEE 1.00
Director
$0 $0 $0
STEPHEN G WALDIS REGENT 1.00
Director
$0 $0 $0
STEPHEN P LOUGHREY REGENT / TRUSTEE 1.00
Director
$0 $0 $0
THOMAS TRAN REGENT 1.00
Director
$0 $0 $0
ROBERT C GARRETT REGENT 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 $563,813,000 $550,690,000 $921,688,000 $13,123,000
2023 $528,427,000 $513,621,000 $881,744,000 $14,806,000
2022 $526,525,000 $509,076,000 $868,383,000 $17,449,000
2021 $473,034,000 $468,441,000 $890,349,000 $4,593,000
2020 $456,494,000 $468,697,000 $814,560,000 $-12,203,000
2019 $446,821,000 $475,088,000 $701,436,000 $-28,267,000
2018 $461,354,000 $439,778,000 $722,351,000 $21,576,000
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