Sacred Heart University

Organization Overview

Sacred Heart University is located in Fairfield, CT. The organization was established in 1964. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 06/2021, Sacred Heart University employed 4,710 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sacred Heart University is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 06/2021, Sacred Heart University generated $421.3m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.6% each year. All expenses for the organization totaled $355.4m during the year ending 06/2021. While expenses have increased by 6.1% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE UNIVERSITY IS A CO-EDUCATIONAL INSTITUTION OF HIGHER LEARNING OFFERING UNDERGRADUATE, GRADUATE AND DOCTORAL DEGREES, AS WELL AS CONTINUING EDUCATION IN A VARIETY OF DISCIPLINES, WITH A COMMITMENT TO LEADERSHIP IN CATHOLIC HIGHER EDUCATION.

Describe the Organization's Program Activity:

SACRED HEART CONTINUES TO OFFER A WIDE RANGE OF UNDERGRADUATE AND GRADUATE PROGRAMS. REGARDLESS OF WHAT UNDERGRADUATE PROGRAM OR GRADUATE PROGRAMS ARE CHOSEN, OUR FOCUS ON ACADEMIC OPPORTUNITIES - ROOTED IN THE CATHOLIC INTELLECTUAL TRADITIONS AND THE PRINCIPLES OF ENGAGED LEARNING - CREATES AN ABSORBING, CUSTOMIZED EDUCATIONAL EXPERIENCE FOR EACH STUDENT.


SACRED HEART UNIVERSITY'S STUDENT FINANCIAL ASSISTANCE OFFICE IS COMMITTED TO HELPING STUDENTS AND THEIR FAMILIES FIND THE MOST AFFORDABLE OPTIONS AVAILABLE FOR ATTENDING COLLEGE. FOR FULL-TIME UNDERGRADUATE STUDENTS, THERE ARE BASICALLY TWO TYPES OF FINANCIAL ASSISTANCE: FIRST, TRADITIONAL MERIT OR NEED-BASED AID; AND SECOND, A RANGE OF OTHER OPTIONS OPEN TO STUDENTS AND THEIR FAMILIES WHETHER THEY QUALIFY FOR TRADITIONAL AID OR NOT. SEVERAL FINANCIAL ASSISTANCE OPTIONS ARE ALSO AVAILABLE TO QUALIFIED PART-TIME UNDERGRADUATE STUDENTS AND GRADUATE STUDENTS.


SACRED HEART UNIVERSITY IS COMMITTED TO SERVING THE NEEDS OF ITS DIVERSE STUDENT POPULATION BY OFFERING AN ARRAY OF SERVICES DESIGNED TO ENSURE STUDENT SUCCESS. THESE SERVICES, PROVIDED THROUGH ACADEMIC ADVISING, STUDENT LIFE, CAREER SERVICES, JANDRESEVITS LEARNING CENTER, THE OFFICE OF SPECIAL SERVICES, AND THE WELLNESS CENTER, AIM TO SERVE STUDENTS IN A MANNER THAT IS CONSISTENT WITH THE MISSION. THE UNIVERSITY ALSO PROMOTES ACTIVE ENGAGED LEARNING OUTSIDE OF THE CLASSROOM. OUR ATHLETICS PROGRAMS ARE ABOUT MORE THAN JUST COMPETITION AND WINNING, THEY ARE BUILT ON LONGSTANDING TRADITION OF HELPING OUR STUDENT ATHLETES REALIZE THEIR POTENTIAL, STRENGTHEN THEIR CHARACTER, AND EMPOWER THEIR MIND WHILE DEVELOPING SELF-CONFIDENCE AND VALUABLE LEADERSHIP SKILLS.


OTHER GENERAL AND AUXILIARY SERVICES


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Chartwell's Higher Education Co Boa
Food Services
$11,394,816
Cdw-g Inc
Technology Services
$1,797,324
Johnson Laffen Galloway Architects Ltd
Architectural Services
$2,209,578
Southeast Service Corporation
Janitorial Services
$4,829,751
Wiley Edu Llc
Online Education Services
$3,267,132
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$1,374,290
Related organizations$0
Government grants $11,633,120
All other contributions, gifts, grants, and similar amounts not included above$11,148,240
Noncash contributions included in lines 1a–1f $442,851
Total Revenue from Contributions, Gifts, Grants & Similar$24,155,650
Total Program Service Revenue$385,470,721
Investment income $4,630,840
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $107,940
Net Gain/Loss on Asset Sales $7,157,234
Net Income from Fundraising Events -$238,520
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $421,283,865

Grants Awarded

Over the last fiscal year, Sacred Heart University has awarded $30,000 in support to 2 organizations.

Grant RecipientAmount

HABITAT FOR HUMANITY OF COASTAL FAIRFIELD COUNTY

Org PageRecipient Profile

Bridgeport, CT

PURPOSE: DONATION

$20,000

HISPANIC FEDERATION

Org PageRecipient Profile

New York, NY

PURPOSE: DONATION

$10,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 4 grants that Sacred Heart University has recieved totaling $41,000.

Awarding OrganizationAmount
Mcleod Blue Skye Charitable Foundation Inc

Branford, CT

PURPOSE: ANNUAL SUPPROT

$25,000
W T Young Family Foundation Inc

Lexington, KY

PURPOSE: SUBSIDY

$10,000
$5,000
$1,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$191,568,286
Earnings$47,746,818
Net Contributions$8,816,292
Other Expense$1,013,400
Ending Balance$247,117,996

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