Sacred Heart University
89% goes to programs $21 to raise $100 Strong reserves Growing revenue
Sacred Heart University is a 501(c)(3) organization based in Fairfield, Connecticut, registered in 1964, with $539,970,186 in FY2023 revenue. CharityIndex grades it A, and it directs about 89% of spending to programs.
5151 Park Ave, Fairfield, CT, 06825 EIN 06-0776644 Since 1964
Revenue (FY2023)
$540.0M
▲ 6.1% vs prior year
Education median: $200K
Expenses (FY2023)
$459.1M
Net assets
$879.6M
Employees
5,867
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
AProgram efficiency40% of the rating89% to programs · $21 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Sacred Heart University: 89% to programs · $21 to raise $100 earns a A on this criterion. See the exact thresholds →
AFinancial health25% of the rating23 mo reserves · +15% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Sacred Heart University: 23 mo reserves · +15% margin earns a A on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Sacred Heart University: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Sacred Heart University: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
Show this grade on your website
A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Mission
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.
What they do
Sacred heart continues to offer a broad array of undergraduate and graduate programs. regardless of which undergraduate or graduate program is chosen, our focus on academic opportunities - rooted in the catholic intellectual tradition and the principles of engaged learning - provides each student with a rich, personalized educational experience.
Sacred heart university is committed to meeting the needs of its diverse student body by offering a wide range of services designed to support student success. through academic advising, student life, career services, the student success center, the office of accessibility, and the maureen hamilton wellness center, the university provides resources that align with its mission. in addition, the university promotes active, engaged learning beyond the classroom. our athletics programs are about more than competition-they are rooted in a tradition of helping student-athletes reach their full potential, build strong character, empower their minds, and develop self-confidence and leadership skills.
Auxiliary enterprises and other miscellaneous services used to support the purpose and mission of sacred heart university.
Contact & location
- Address
- 5151 Park Ave, Fairfield, CT, 06825
- City
- Fairfield
- State
- Connecticut
- Category
- Education
- Subcategory
- Colleges & Universities
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $238.8M (FY2013) to $540.0M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $571.0MNet assets $879.6M
Operating margin
15.0%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$1.5B
Total liabilities
$571.0M
Net assets
$879.6M
Salaries & benefits
$158.5M
35% of expenses
Board members
28
26 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $539,970,186▲6.1% | $459,144,809▲8.1% | $879,641,841▲14.6% | $1,450,684,018▲7.0% | 990 |
| 2022 | $509,040,952▲6.7% | $424,623,112▲6.2% | $767,621,505▲15.3% | $1,356,203,738▲7.0% | 990 |
| 2021 | $476,875,710▲13.2% | $399,996,051▲12.6% | $665,868,164▲8.8% | $1,267,127,752▲14.0% | 990 |
| 2020 | $421,283,865▲11.3% | $355,369,225▲8.6% | $612,236,055▲20.8% | $1,111,844,397▲23.6% | 990 |
| 2019 | $378,358,523▲5.7% | $327,336,916▲4.4% | $506,830,093▲11.0% | $899,337,453▲14.3% | 990 |
| 2018 | $357,941,436▲5.9% | $313,608,325▲7.6% | $456,487,265▲11.1% | $786,967,148▲7.4% | 990 |
| 2017 | $337,965,803▲8.0% | $291,386,962▲7.3% | $410,782,895▲11.2% | $732,709,910▲10.9% | 990 |
| 2016 | $312,895,388▲9.0% | $271,491,611▲9.2% | $369,409,612▲16.5% | $660,932,495▲28.8% | 990 |
| 2015 | $286,994,560▲7.4% | $248,601,481▲7.6% | $317,053,214▲12.4% | $513,050,390▲10.1% | 990 |
| 2014 | $267,097,933▲11.9% | $231,002,480▲10.1% | $282,005,670▲14.7% | $465,847,024▲10.6% | 990 |
| 2013 | $238,795,072 | $209,881,922▲11.4% | $245,877,141▲17.9% | $421,333,358▲12.0% | 990 |
| 2012 | — | $188,432,452▲5.2% | $208,591,675▲15.6% | $376,276,478▲12.7% | 990 |
| 2011 | — | $179,095,009▲7.5% | $180,516,042▲6.3% | $333,780,638▼0.7% | 990 |
| 2010 | — | $166,672,150▲4.5% | $169,835,972▲25.7% | $336,302,823▲25.0% | 990 |
| 2009 | — | $159,449,104 | $135,161,206 | $269,064,061 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2023)
Highest-paid: John J Petillo Phd — $1,350,863 (0.29% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| John J Petillo Phd | President | 35 | $1,350,863 |
| James Barquinero | Senior Vp Enrollment & Athletics | 35 | $497,431 |
| Maura Iversen | Dean | 35 | $448,234 |
| Robin Cautin | Provost | 35 | $423,837 |
| Paul Sutera | Sr Vp For University Advancement | 35 | $421,611 |
| Peter Ward | Sr Vice President For Finance | 35 | $391,609 |
| Michael Iannazzi | Sr Vice President For Administration | 35 | $388,365 |
| Robert M Hardy | Vice President of Human Resources | 35 | $375,792 |
| Karen Daley | Dean | 35 | $343,468 |
| Michael Larobina Esq | General Counsel | 35 | $342,872 |
| Shirley Canaan | Vp of Info Technology | 35 | $294,674 |
| Marc Izzo | Vp of Construction & Facilities | 35 | $253,504 |
| Ann Mccabe | Dean | 35 | $228,409 |
| Christopher K Mcleod Left 923 | Treasurer | 1 | — |
| Cory Robinson | Trustee | 1 | — |
| Dominick Ferro | Trustee | 1 | — |
| Douglas Kennedy | Trustee | 1 | — |
| Eric Wood Edd | Trustee | 1 | — |
| Frank Martire | Trustee | 1 | — |
| Gary Levin | Vice Chairman | 1 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Compass Group USA Inc | Food Services | $21,122,610 |
| Southeast Service Corporation | Janitorial Services | $6,495,461 |
| The S-l-a-m Collaborative Inc | Architectural Services | $2,976,435 |
| Wiley Edu LLC | Online Education Services | $2,685,118 |
| Dattco Inc | Transportation Services | $2,349,932 |
Grants received · $15.5M total
117 grants to Sacred Heart University totaling $15.5M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2024 | $120,000 |
| Greater Hartford Gives Foundation | Arts and culture | 2024 | $100,000 |
| American Online Giving Foundation Inc | General support | 2024 | $38,330 |
| Greater Horizons | Education | 2024 | $25,000 |
| Gs Donor Advised Philanthropy Fund For Wealth Management Inc | Education | 2024 | $12,000 |
| Jewish Communal Fund | In furtherance of grantee's tax-exempt purpose | 2024 | $6,350 |
| Ayco Charitable Foundation | Education | 2024 | $5,450 |
| The Us Charitable Gift Trust | For recipient's exempt purpose | 2024 | $5,200 |
| National Collegiate Athletic Association | Grants/scholarships | 2023 | $1,417,644 |
| National Philanthropic Tr | Environment, animals | 2023 | $511,500 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $125,300 |
| The Community Foundation of Louisville Inc | B43 university or technological | 2023 | $74,000 |
| Vanguard Charitable Endowment Program | For recipient's exempt purpose | 2023 | $68,700 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2023 | $62,500 |
| Wheeler Clinic Inc | The sor mini-grant is used for campus opioid and stimulant education and awareness programs. | 2023 | $30,770 |
Grants made · $9,600 in FY2022
1 grant totaling $9,600 in FY2022. All grants made by Sacred Heart University →
| Recipient | Purpose | Amount |
|---|---|---|
| Sovereign Military Hospitaller Order of St John of Jerusalem of | Donation | $9,600 |
Similar organizations in Education
Education
Fairfield University
Fairfield, CT
$489.3M
Aannual revenue
Education
Quinnipiac University
Hamden, CT
$595.3M
Aannual revenue
Education
Wesleyan University
Middletown, CT
$449.0M
Aannual revenue
Education
University of New Haven
West Haven, CT
$379.7M
Aannual revenue
Education
University of Hartford
West Hartford, CT
$287.5M
B+annual revenue
Education
Trinity College
Hartford, CT
$272.9M
Aannual revenue
Education
Connecticut College
New London, CT
$191.8M
B+annual revenue
Education
Achievement First Brooklyn Charter Schools
New Haven, CT
$190.4M
Aannual revenue
Education
Area Cooperative Educational Services
New Haven, CT
$176.8M
Aannual revenue
Education
University of Connecticut Foundation Incorporated
Storrs, CT
$139.3M
Bannual revenue
Compare Sacred Heart University
Frequently asked questions
- Is Sacred Heart University a legitimate nonprofit?
- Yes. Sacred Heart University is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 06-0776644, based in Fairfield, Connecticut. Donations are tax-deductible.
- What is Sacred Heart University's EIN?
- Sacred Heart University's Employer Identification Number (EIN) is 06-0776644.
- How much revenue does Sacred Heart University report?
- Sacred Heart University reported $539,970,186 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Sacred Heart University's spending goes to programs?
- Sacred Heart University spends about 89% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Sacred Heart University have?
- CharityIndex grades Sacred Heart University A, based on program efficiency and fundraising cost.
- How much does Sacred Heart University's highest-paid employee make?
- The highest reported compensation on Sacred Heart University's latest Form 990 is $1,350,863, paid to John J Petillo Phd (President).
More nonprofits in Fairfield
Explore more
Data for Sacred Heart University (EIN 06-0776644) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.