STRATEGY STUDIO / PUBLIC DATA EXPLORER

DREW UNIVERSITY: Form 990, tax year 2022

View the entire original 990 at ProPublica ↗

Organization
DREW UNIVERSITY (EIN 22-1487164)
Tax period
2022-07-01 to 2023-06-30
Filed
2024-05-14
IRS object ID
202401359349304380
Schema version
2022v5.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2024-05-14T10:31:49-05:00ReturnTs
Tax Period End2023-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN540504608PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1BROWN EDWARDS & COMPANY LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1105 ARBOR DRIVE 3RD FLOORAddressLine1Txt
CityCHRISTIANSBURGCityNm
State AbbreviationVAStateAbbreviationCd
ZIP24073ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2022-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN221487164EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1DREW UNIVERSITYBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlDREWBusinessNameControlTxt
Phone9734083000PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line136 MADISON AVENUEAddressLine1Txt
CityMADISONCityNm
State AbbreviationNJStateAbbreviationCd
ZIP07940ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonHILARY LINKPersonNm
Person TitlePRESIDENTPersonTitleTxt
Phone9734083501PhoneNum
Signature2024-04-24SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstHILARYPersonFirstNm
Person LastLINKPersonLastNm
FieldValueIRS element (for citing)
SSNXXX-XX-XXXXSSN
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (1)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonMARK WOOLWINEPreparerPersonNm
PTINP00647446PTIN
Phone5404433606PhoneNum
Preparation2024-05-10PreparationDt

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer2TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2022TaxYr
Build TS2023-04-26 12:10:37ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerHILARY LINKPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line136 MADISON AVENUEAddressLine1Txt
CityMADISONCityNm
State AbbreviationNJStateAbbreviationCd
ZIP07940ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$127,697,495GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressDREW.EDUWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1868FormationYr
Legal Domicile StateNJLegalDomicileStateCd
Activity Or MissionTHE UNIVERSITY OFFERS GRADUATE AND UNDERGRADUATE STUDIES AND IS COMPRISED OF THE COLLEGE OF LIBERAL ARTS, THE THEOLOGICAL SCHOOL, AND THE CASPERSEN SCHOOL OF GRADUATE STUDIES.ActivityOrMissionDesc
Voting Members Governing Body21VotingMembersGoverningBodyCnt
Voting Members Independent20VotingMembersIndependentCnt
Total Employee1292TotalEmployeeCnt
Total Volunteers20TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$22,317,911PYContributionsGrantsAmt
CY Contributions Grants$10,248,872CYContributionsGrantsAmt
PY Program Service Revenue$94,536,591PYProgramServiceRevenueAmt
CY Program Service Revenue$98,054,199CYProgramServiceRevenueAmt
PY Investment Income$3,780,420PYInvestmentIncomeAmt
CY Investment Income$861,157CYInvestmentIncomeAmt
PY Other Revenue$1,769,386PYOtherRevenueAmt
CY Other Revenue$3,007,172CYOtherRevenueAmt
PY Total Revenue$122,404,308PYTotalRevenueAmt
CY Total Revenue$112,171,400CYTotalRevenueAmt
PY Grants And Similar Paid$39,781,017PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$38,772,509CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$37,451,259PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$40,994,999CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$4,408,000CYTotalFundraisingExpenseAmt
PY Other Expenses$45,563,099PYOtherExpensesAmt
CY Other Expenses$50,323,951CYOtherExpensesAmt
PY Total Expenses$122,795,375PYTotalExpensesAmt
CY Total Expenses$130,091,459CYTotalExpensesAmt
PY Revenues Less Expenses-$391,067PYRevenuesLessExpensesAmt
CY Revenues Less Expenses-$17,920,059CYRevenuesLessExpensesAmt
Total Assets BOY$245,004,521TotalAssetsBOYAmt
Total Assets EOY$233,007,198TotalAssetsEOYAmt
Total Liabilities BOY$92,562,972TotalLiabilitiesBOYAmt
Total Liabilities EOY$90,900,526TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$152,441,549NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$142,106,672NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionDREW UNIVERSITY, A PHI BETA KAPPA LIBERAL ARTS UNIVERSITY, INCLUDES THE COLLEGE OF LIBERAL ARTS, THE DREW THEOLOGICAL SCHOOL, AND THE CASPERSEN SCHOOL OF GRADUATE STUDIES. CONTINUED ON SCHEDULE O.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$77,145,926ExpenseAmt
Grant$32,615,487GrantAmt
Revenue$78,045,558RevenueAmt
DescTHE DREW UNIVERSITY COLLEGE OF LIBERAL ARTS AFFIRMS A COMMITMENT TO ITS FOUNDING VISION TO OFFER ITS STUDENTS A LIBERAL ARTS EDUCATION OF THE HIGHEST QUALITY THROUGH A RIGOROUS COURSE OF STUDY. THE COLLEGE CHALLENGES STUDENTS TO EXPLORE THE ARTS, NATURAL SCIENCES, SOCIAL SCIENCES,HUMANITIES, AND INTERDISCIPLINARY FIELDS IN DEPTH AND TO DEVELOP THEIR CAPACITIES FOR CRITICAL THOUGHT, PROBLEM SOLVING, EFFECTIVE COMMUNICATION, CREATIVITY, SELF DISCIPLINE, AND EMPATHY. AS THE COLLEGE PREPARES STUDENTS FOR ACADEMIC AND PROFESSIONAL ACHIEVEMENT, IT PROVIDES THEM WITH ESSENTIAL SKILLS FOR LIVING AND CONTINUING TO LEARN AND TO GROW IN AN INCREASINGLY DIVERSE AND COMPLEX WORLD.Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
Expense$11,517,695ExpenseAmt
Grant$3,866,655GrantAmt
Revenue$5,014,830RevenueAmt
DescDREW THEOLOGICAL SCHOOL EMPOWERS LEADERSHIP FOR A GLOBAL CHRISTIANITY OF JUSTICE, ECUMENISM, AND THE INTEGRITY OF CREATION. ITS PASTORAL, SPIRITUAL, AND CONCEPTUAL DISCIPLINES GROW WITHIN AN INTIMATE LITURGICAL AND COMMUNAL CONTEXT, ONE THAT SUSTAINS MULTIPLE RELATIONS OF DIFFERENCE. THROUGH ITS PARTICULAR HISTORICAL COMMITMENTS TO AFRICAN, ASIAN, AFRICAN-AMERICAN, HISPANIC, AND WOMEN'S MINISTRIES, THE THEOLOGICAL SCHOOL REMAINS FAITHFULLY ROOTED IN ITS METHODIST HERITAGE. DREW NURTURES CHRISTIAN PRACTICES THROUGH VITAL PARTNERSHIP WITH LOCAL CHURCHES AND INTERNATIONAL NETWORKS OF EDUCATION. TRANS-DISCIPLINARY INTERPRETATION OF TEXT, TRADITION, AND EXPERIENCE ENERGIZES ITS SCHOLARLY VIGOR. DREW ENGENDERS THEOLOGIES RESPONSIBLE TO THE COMPLEX REALITIES OF AN INTERCONNECTED WORLD. INTO THAT WORLD, DREW SENDS PASTORS, PREACHERS AND PROPHETS, DEACONS, ACTIVISTS, AND TEACHERS.Desc

Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp

FieldValueIRS element (for citing)
Expense$3,745,023ExpenseAmt
Grant$1,227,672GrantAmt
Revenue$3,952,435RevenueAmt
DescTHE CASPERSEN SCHOOL OF GRADUATE STUDIES WAS FOUNDED ON THE PRINCIPLE OF THE IMPORTANCE OF INTERDISCIPLINARY STUDY IN THE HUMANITIES. THE GOAL OF THE SCHOOL'S FOUNDERS WAS TO FOSTER BROADLY EDUCATED PEOPLE WHO HAVE EXPERTISE IN A FIELD OF THOUGHT BUT WHO ARE ALSO FAMILIAR WITH AND ARTICULATE IN A RANGE OF HUMANISTIC STUDIES. THIS MISSION CONTINUES TO DISTINGUISH THE CASPERSEN SCHOOL AMONG INSTITUTIONS WITH DOCTORAL PROGRAMS IN THE HUMANITIES. OUR INTENT IS TO TRAIN PERSONS WHO ARE PROPERLY PREPARED NOT ONLY IN SPECIFIC RECOGNIZED FIELDS BUT ALSO ININTERDISCIPLINARY DIALOGUE. WE CELEBRATE THE JOY OF LEARNING AS WE PREPARE ABLE, WELL INFORMED GRADUATES WHO PURSUE CAREERS IN HIGHER EDUCATION, IN THE RELIGIOUS AND MEDICAL COMMUNITIES, AND IN THE BROADER INTELLECTUAL WORLD. AS SUCH, WE ARE WELL POSITIONED TO MEET THE INCREASING CALL FOR INTERDISCIPLINARY APPROACHES BOTH IN THE ACADEMY AND IN THE WIDER WORLD. INTEGRAL TO OUR MISSION IS ENCOURAGING OUR FACULTY AND STUDENTS ALIKE TO PURSUE CREATIVE RESEARCH IN THE HUMANITIES AND TO MAKE THE RESULTS OF THEIR WORK AVAILABLE THROUGH TEACHING, PARTICIPATION IN SCHOLARLY MEETINGS, VARIOUS FORMS OF PUBLICATION AND INTELLECTUAL DISCOURSE; TO THAT END WE CONTINUE TO EXPLORE NEW POSSIBILITIES OF ENHANCING INTERDISCIPLINARY STUDIES IN THE HUMANITIES.Desc

Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp

FieldValueIRS element (for citing)
Expense$14,269,111ExpenseAmt
Grant$1,062,695GrantAmt
Revenue$13,052,259RevenueAmt
DescOTHER PROGRAM EXPENSES REFLECT EDUCATIONAL PROGRAM EXPENSES NOT DIRECTLY RELATED TO ONE OF THE SCHOOLS DESCRIBED ABOVE. IT INCLUDES AN ALLOCATED METHOD OF PROGRAM, AUXILIARY, AND STUDENT SERVICE EXPENSES. OTHER PROGRAM ACTIVITIES ALSO INCLUDE EXPENSES AND REVENUES FROMTHE UNIVERSITY'S CONTINUING EDUCATION AND SUMMER PROGRAMS.Desc
FieldValueIRS element (for citing)
Total Other Prog Srvc Expense$14,269,111TotalOtherProgSrvcExpenseAmt
Total Other Prog Srvc Grant$1,062,695TotalOtherProgSrvcGrantAmt
Total Other Prog Srvc Revenue$13,052,259TotalOtherProgSrvcRevenueAmt
Total Program Service Expenses$106,677,755TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi EndowmentsYes (1)DonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other SecYes (1)ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt0IndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtYes (1)ConsolidatedAuditFinclStmtInd
School OperatingYes (1)SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign ActivitiesYes (1)ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To IndividualsYes (1)GrantsToIndividualsInd
Schedule J RequiredYes (1)ScheduleJRequiredInd
Tax Exempt BondsYes (1)TaxExemptBondsInd
Invest Tax Exempt Bonds0InvestTaxExemptBondsInd
Escrow Account0EscrowAccountInd
On Behalf Of Issuer0OnBehalfOfIssuerInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash ContriYes (1)DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related Entity0RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document599IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee1292EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over LimitYes (1)UnrelatedBusIncmOverLimitInd
Form990 T FiledYes (1)Form990TFiledInd
Foreign Financial AccountYes (1)ForeignFinancialAccountInd
Foreign CountryCJForeignCountryCd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members21GoverningBodyVotingMembersCnt
Independent Voting Member20IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn Body0Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEOYes (1)CompensationProcessCEOInd
Compensation Process OtherYes (1)CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1THE ORGANIZATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone9734083000PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line136 MADISON AVENUEAddressLine1Txt
CityMADISONCityNm
State AbbreviationNJStateAbbreviationCd
ZIP07940ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (29 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtKey EmployeeKeyEmployeeIndHighest Compensated EmployeeHighestCompensatedEmployeeInd
WILLIAM W LANDIS III
CHAIR1.00Yes (X)Yes (X)$0$0$0
FREDRICK FUEST
VICE CHAIR1.00Yes (X)Yes (X)$0$0$0
ANGELA GERKEN
VICE CHAIR AND SECRETARY1.00Yes (X)$0$0$0
BISHOP THOMAS J BRICKERTON
TRUSTEE1.00Yes (X)$0$0$0
SCOTT BURR
TRUSTEE1.00Yes (X)$0$0$0
EMILY MUSIL CHURCH
TRUSTEE1.00Yes (X)$0$0$0
DEAN T CRIARES
TRUSTEE1.00Yes (X)$0$0$0
ALFRED T DAY III
TRUSTEE1.00Yes (X)$0$0$0
SANG WON DOH
TRUSTEE1.00Yes (X)$0$0$0
D STUART DUNNAN
TRUSTEE1.00Yes (X)$0$0$0
ROBERT FRANEK
TRUSTEE1.00Yes (X)$0$0$0
GREGORY GORDON
TRUSTEE1.00Yes (X)$0$0$0
MICHELLE HAMPTON
TRUSTEE1.00Yes (X)$0$0$0
JUSTIN MARCUCCI
TRUSTEE1.00Yes (X)$0$0$0
RYAN M MASON
TRUSTEE1.00Yes (X)$0$0$0
JOSEPH C NOTO
TRUSTEE1.00Yes (X)$0$0$0
BISHOP JOHN SCHOL
TRUSTEE1.00Yes (X)$0$0$0
VANESSA L VAN BRUNT
TRUSTEE1.00Yes (X)$0$0$0
SUNEET VARMA
TRUSTEE1.00Yes (X)$0$0$0
JENNIFER VELEZ
TRUSTEE1.00Yes (X)$0$0$0
THOMAS SCHWARZ
PRESIDENT35.00Yes (X)Yes (X)$500,000$0$40,000
BRET D SILVER
VICE PRESIDENT, UNIVERSITY35.00$422,188$0$33,775Yes (X)
JESSICA LAKIN
PROVOST35.00$231,646$0$47,030Yes (X)
FRANK MERCK
VP ENROLLMENT MANAGEMENT35.00$178,214$0$34,019Yes (X)
LOUISE T HOOD
ASSOC VP, ADVANCEMENT35.00$217,199$0$17,375Yes (X)
GREGORY SMITH
VP FOR FACILITIES & CAMPUS35.00$191,532$0$22,331Yes (X)
RYAN HINRICHS
DEAN ARTS & SCIENCES35.00$163,126$0$41,549Yes (X)
EDWIN APONTE
DEAN OF THEOLOGICAL SCHOOL35.00$190,500$0$28,672Yes (X)
CAITLIN TRAMEL
ASSISTANT VP, ADVANCEMENT35.00$190,234$0$15,218Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$2,284,639TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$279,969TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K71IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (1)TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (5 entries)

Address Line1ContractorAddress/USAddress/AddressLine1TxtCityContractorAddress/USAddress/CityNmState AbbreviationContractorAddress/USAddress/StateAbbreviationCdZIPContractorAddress/USAddress/ZIPCdServicesServicesDescCompensationCompensationAmt
CAMPUSWORKS INC
1767 LAKEWOOD RANCH BLVD 305BRADENTONFL34211TECHNOLOGY SERVICES$2,191,466
BDO USA LLP
300 PATTERSON AVE SE SUITE 100GRAND RAPIDSMI49512ACCOUNTING SERVICES$1,154,040
MINDPOWER INC
901 BERNINA AVENUE NE UNIT 3ATLANTAGA30307MARKETING SERVICES$494,479
INGLESINO WEBSTER WYCISKALA & TAYLOR LLC
600 PARSIPPANY ROAD SUITE 2024PARSIPPANYNJ07054LEGAL SERVICES$255,024
HALL CAPITAL PARTNERS LLC
ONE MARITIME PLAZA 6TH FLOORSAN FRANCISCOCA94111INVESTMENT ADVISORY SERVICES$218,750
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K10CntrctRcvdGreaterThan100KCnt
Government Grants$2,123,829GovernmentGrantsAmt
All Other Contributions$8,125,043AllOtherContributionsAmt
Noncash Contributions$330,105NoncashContributionsAmt
Total Contributions$10,248,872TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (2 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
TUITION AND FEES611310$74,504,155$74,504,155
AUXILIARY INCOME721310$23,550,044$23,550,044
FieldValueIRS element (for citing)
Total Program Service Revenue$98,054,199TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$681,670TotalRevenueColumnAmt
Exclusion$681,670ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$15,705,582SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$15,526,095SecuritiesAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities$179,487SecuritiesAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$179,487TotalRevenueColumnAmt
Exclusion$179,487ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp (3 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmtExclusionExclusionAmt
OTHER REVENUE900099$1,226,377$1,226,377
ENDOWMENT TRUST INCOME900099$996,289$996,289
INTO DREW PROGRAM FEES900099$530,701$530,701

Miscellaneous Revenue MiscellaneousRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$253,805TotalRevenueColumnAmt
Related Or Exempt Func Income$253,805RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Other Revenue Total$3,007,172OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$112,171,400TotalRevenueColumnAmt
Related Or Exempt Func Income$100,065,082RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$1,857,446ExclusionAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$38,772,509TotalAmt
Program Services$38,772,509ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$1,314,048TotalAmt
Program Services$1,114,048ProgramServicesAmt
Management And General$100,000ManagementAndGeneralAmt
Fundraising$100,000FundraisingAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$30,605,952TotalAmt
Program Services$23,295,952ProgramServicesAmt
Management And General$4,904,694ManagementAndGeneralAmt
Fundraising$2,405,306FundraisingAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$1,643,551TotalAmt
Program Services$1,256,886ProgramServicesAmt
Management And General$251,657ManagementAndGeneralAmt
Fundraising$135,008FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$5,039,564TotalAmt
Program Services$3,853,948ProgramServicesAmt
Management And General$771,646ManagementAndGeneralAmt
Fundraising$413,970FundraisingAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$2,391,884TotalAmt
Program Services$1,829,165ProgramServicesAmt
Management And General$366,240ManagementAndGeneralAmt
Fundraising$196,479FundraisingAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$249,995TotalAmt
Management And General$249,995ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$969,659TotalAmt
Management And General$969,659ManagementAndGeneralAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

FieldValueIRS element (for citing)
Total$381,704TotalAmt
Management And General$381,704ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$3,690,346TotalAmt
Program Services$613,000ProgramServicesAmt
Management And General$2,425,232ManagementAndGeneralAmt
Fundraising$652,114FundraisingAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$1,330,000TotalAmt
Program Services$746,000ProgramServicesAmt
Management And General$467,949ManagementAndGeneralAmt
Fundraising$116,051FundraisingAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$468,000TotalAmt
Program Services$242,000ProgramServicesAmt
Management And General$212,500ManagementAndGeneralAmt
Fundraising$13,500FundraisingAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$4,303,000TotalAmt
Program Services$876,000ProgramServicesAmt
Management And General$3,284,058ManagementAndGeneralAmt
Fundraising$142,942FundraisingAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$11,568,000TotalAmt
Program Services$8,981,000ProgramServicesAmt
Management And General$2,435,134ManagementAndGeneralAmt
Fundraising$151,866FundraisingAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$1,319,000TotalAmt
Program Services$1,292,000ProgramServicesAmt
Management And General$23,623ManagementAndGeneralAmt
Fundraising$3,377FundraisingAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$669,000TotalAmt
Program Services$604,000ProgramServicesAmt
Management And General$6,500ManagementAndGeneralAmt
Fundraising$58,500FundraisingAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$4,999,000TotalAmt
Program Services$4,899,000ProgramServicesAmt
Management And General$100,000ManagementAndGeneralAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$7,785,000TotalAmt
Program Services$7,240,000ProgramServicesAmt
Management And General$545,000ManagementAndGeneralAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$1,158,000TotalAmt
Management And General$1,158,000ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmtFundraisingFundraisingAmt
FOOD EXPENSES$6,393,000$6,278,000$115,000
MISCELLANEOUS$2,808,247$2,749,247$54,949$4,051
LIBRARY MATERIALS$744,000$738,000$6,000
SUPPLIES$468,000$400,000$60,064$7,936

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$1,020,000TotalAmt
Program Services$897,000ProgramServicesAmt
Management And General$122,100ManagementAndGeneralAmt
Fundraising$900FundraisingAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$130,091,459TotalAmt
Program Services$106,677,755ProgramServicesAmt
Management And General$19,005,704ManagementAndGeneralAmt
Fundraising$4,408,000FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$7,443,811BOYAmt
EOY$760,065EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$139,985BOYAmt
EOY$301,982EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$653,326BOYAmt
EOY$602,433EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$2,194,299BOYAmt
EOY$2,976,294EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

FieldValueIRS element (for citing)
BOY$183,041BOYAmt
EOY$161,680EOYAmt

Inventories For Sale Or Use InventoriesForSaleOrUseGrp

FieldValueIRS element (for citing)
BOY$165,835BOYAmt
EOY$165,835EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$928,038BOYAmt
EOY$1,080,257EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$324,113,409LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$203,775,981LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$124,986,686BOYAmt
EOY$120,337,428EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$34,949,104BOYAmt
EOY$28,164,543EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

FieldValueIRS element (for citing)
BOY$71,469,657BOYAmt
EOY$75,718,017EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$1,890,739BOYAmt
EOY$2,738,664EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$245,004,521BOYAmt
EOY$233,007,198EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$10,767,383BOYAmt
EOY$10,000,486EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$7,343,448BOYAmt
EOY$6,598,259EOYAmt

Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$68,273,852BOYAmt
EOY$68,538,528EOYAmt

Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp

FieldValueIRS element (for citing)
BOY$1,110,580BOYAmt
EOY$1,020,593EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$5,067,709BOYAmt
EOY$4,742,660EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$92,562,972BOYAmt
EOY$90,900,526EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY-$33,947,000BOYAmt
EOY-$46,668,000EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$186,388,549BOYAmt
EOY$188,774,672EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$152,441,549BOYAmt
EOY$142,106,672EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$245,004,521BOYAmt
EOY$233,007,198EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part XIYes (X)InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss-$17,920,059ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst$5,830,650NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets$1,754,532OtherChangesInNetAssetsAmt
Info In Schedule O Part XIIYes (X)InfoInScheduleOPartXIIInd
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Consolidated Basis Fincl StmtYes (X)ConsolidatedBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit RequiredYes (1)FederalGrantAuditRequiredInd
Federal Grant Audit PerformedYes (1)FederalGrantAuditPerformedInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
SchoolYes (X)SchoolInd

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$7,024,081CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$7,168,646CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$12,947,400CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$15,278,911CurrentTaxYearMinus1YearAmt
Current Tax Year$10,248,872CurrentTaxYearAmt
Total$52,667,910TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$7,024,081CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$7,168,646CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$12,947,400CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$15,278,911CurrentTaxYearMinus1YearAmt
Current Tax Year$10,248,872CurrentTaxYearAmt
Total$52,667,910TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$1,842,387SubstantialContributorsTotAmt
Public Support Total170$50,825,523PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$1,879,694CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$606,142CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$519,976CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$650,064CurrentTaxYearMinus1YearAmt
Current Tax Year$681,670CurrentTaxYearAmt
Total$4,337,546TotalAmt

Other Income170 OtherIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$1,791,955CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$1,744,521CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$1,280,885CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$1,523,352CurrentTaxYearMinus1YearAmt
Current Tax Year$2,753,367CurrentTaxYearAmt
Total$9,094,080TotalAmt
FieldValueIRS element (for citing)
Total Support$66,099,536TotalSupportAmt
Gross Receipts Rltd Activities$461,918,199GrossReceiptsRltdActivitiesAmt
Public Support CY1700.76890PublicSupportCY170Pct
Public Support PY1700.77560PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

CY Endwmt Fund CYEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$130,757,000BeginningYearBalanceAmt
Contributions$1,539,000ContributionsAmt
Investment Earnings Or Losses$6,310,000InvestmentEarningsOrLossesAmt
Grants Or Scholarships$9,996,000GrantsOrScholarshipsAmt
End Year Balance$128,610,000EndYearBalanceAmt

CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$141,394,000BeginningYearBalanceAmt
Contributions$1,800,000ContributionsAmt
Investment Earnings Or Losses-$6,793,000InvestmentEarningsOrLossesAmt
Grants Or Scholarships$5,644,000GrantsOrScholarshipsAmt
End Year Balance$130,757,000EndYearBalanceAmt

CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$151,122,000BeginningYearBalanceAmt
Contributions$3,709,000ContributionsAmt
Investment Earnings Or Losses$15,304,000InvestmentEarningsOrLossesAmt
Grants Or Scholarships$3,741,000GrantsOrScholarshipsAmt
Other Expenditures$25,000,000OtherExpendituresAmt
End Year Balance$141,394,000EndYearBalanceAmt

CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$165,823,000BeginningYearBalanceAmt
Contributions$706,000ContributionsAmt
Investment Earnings Or Losses-$7,297,000InvestmentEarningsOrLossesAmt
Grants Or Scholarships$8,110,000GrantsOrScholarshipsAmt
End Year Balance$151,122,000EndYearBalanceAmt

CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$158,044,000BeginningYearBalanceAmt
Contributions$1,216,000ContributionsAmt
Investment Earnings Or Losses$14,658,000InvestmentEarningsOrLossesAmt
Grants Or Scholarships$8,095,000GrantsOrScholarshipsAmt
End Year Balance$165,823,000EndYearBalanceAmt
FieldValueIRS element (for citing)
Board Designated Balance EOY0.00000BoardDesignatedBalanceEOYPct
Prmnnt Endowment Balance EOY0.70720PrmnntEndowmentBalanceEOYPct
Term Endowment Balance EOY0.29280TermEndowmentBalanceEOYPct
Endowments Held Unrelated OrgYes (1)EndowmentsHeldUnrelatedOrgInd
Endowments Held Related Org0EndowmentsHeldRelatedOrgInd

Land LandGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$451,313OtherCostOrOtherBasisAmt
Book Value$451,313BookValueAmt

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$258,685,312OtherCostOrOtherBasisAmt
Depreciation$165,273,944DepreciationAmt
Book Value$93,411,368BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$46,062,621OtherCostOrOtherBasisAmt
Depreciation$29,301,377DepreciationAmt
Book Value$16,761,244BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$18,914,163OtherCostOrOtherBasisAmt
Depreciation$9,200,660DepreciationAmt
Book Value$9,713,503BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$120,337,428TotalBookValueLandBuildingsAmt

Other Securities OtherSecuritiesGrp (5 entries)

DescDescBook ValueBookValueAmtMethod ValuationMethodValuationCd
PERPETUAL TRUSTS HELD BY THIRD PARTIES$18,289,879C
POOLED INCOME FUNDS$4,120,071C
BOND PROCEEDS HELD BY TRUSTEES$3,525,901C
ALTERNATIVE INVESTMENTS$49,240,425C
INVESTMENT - REAL ESTATE$541,741C
FieldValueIRS element (for citing)
Total Book Value Securities$75,718,017TotalBookValueSecuritiesAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (4 entries)

DescDescAmtAmt
STUDENT SECURITY DEPOSITS$615,204
FEDERAL STUDENT LOAN FUNDS$243,527
ANNUITY LIABILITY$768,427
ASSET RETIREMENT OBLIGATIONS$3,115,502
FieldValueIRS element (for citing)
Total Liability$4,742,660TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$80,747,802TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst$5,830,650NetUnrealizedGainsInvstAmt
Other Revenue-$36,872,544OtherRevenueAmt
Revenue Not Reported-$31,041,894RevenueNotReportedAmt
Revenue Subtotal$111,789,696RevenueSubtotalAmt
Investment Expenses Not Incld$381,704InvestmentExpensesNotIncldAmt
Revenue Not Reported Fincl Stmt$381,704RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$112,171,400TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$91,083,935TotExpnsEtcAuditedFinclStmtAmt
Expenses Not Reported$0ExpensesNotReportedAmt
Expenses Subtotal$91,083,935ExpensesSubtotalAmt
Investment Expenses Not Incld2$381,704InvestmentExpensesNotIncld2Amt
Other Expenses Not Included$38,625,820OtherExpensesNotIncludedAmt
Expenses Not Rpt Fincl Stmt$39,007,524ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$130,091,459TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (4 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART V, LINE 4:ENDOWMENT FUNDS ARE TO BE HELD IN PERPETUITY AND TO PROVIDE FOR THE GENERATION OF INVESTMENT INCOME THROUGH STRATEGIC INVESTING AS APPROVED BY THE BOARD OF TRUSTEES INVESTMENT COMMITTEE. THIS INVESTMENT INCOME IS USED TO PROVIDE SUPPORT OF THE UNIVERSITY'S MISSION STATEMENT, COMMENSURATE WITH THE DONOR AND BOARD SPECIFIC INSTRUCTIONS ON HOW THE FUNDS ARE TO BE USED.
PART X, LINE 2:DREW UNIVERSITY AND ITS WHOLLY-OWNED AFFILIATE, UHP, ARE EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN REFLECTED IN THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS. THERE ARE CERTAIN TRANSACTIONS THAT COULD BE DEEMED UNRELATED BUSINESS INCOME AND WOULD RESULT IN A TAX LIABILITY. MANAGEMENT REVIEWS TRANSACTIONS TO ESTIMATE POTENTIAL TAX LIABILITIES USING A THRESHOLD OF MORE LIKELY THAN NOT. IT IS MANAGEMENT'S ESTIMATION THAT THERE ARE NO MATERIAL TAX LIABILITIES THAT NEED TO BE RECORDED.
PART XI, LINE 2D - OTHER ADJUSTMENTS:CHANGES IN FAIR VALUE OF TRUSTS, POOLED INCOME FUND AND GIFT ANNUITIES 1,035,088. POSTRETIREMENT RELATED CHANGES OTHER THAN NET PERIODIC POSTRETIREMENT COST 718,123. SCHOLARSHIPS NETTED ON FINANCIAL STATEMENTS -38,625,755.
PART XII, LINE 4B - OTHER ADJUSTMENTS:SCHOLARSHIPS NETTED ON FINANCIAL STATEMENTS 38,625,755. ROUNDING 65.

Schedule E IRS990ScheduleE

FieldValueIRS element (for citing)
Nondiscriminatory Policy StmtYes (1)NondiscriminatoryPolicyStmtInd
Policy Stmt In Brochures EtcYes (1)PolicyStmtInBrochuresEtcInd
Plcy Pblczd Via Broadcast MediaYes (1)PlcyPblczdViaBroadcastMediaInd
Maintain Racial Comp RecsYes (1)MaintainRacialCompRecsInd
Maintain Scholarships RecsYes (1)MaintainScholarshipsRecsInd
Maintain Cpy Of Brochures EtcYes (1)MaintainCpyOfBrochuresEtcInd
Maintain Cpy Of All SolYes (1)MaintainCpyOfAllSolInd
Discriminate Race Stdnts Rghts0DiscriminateRaceStdntsRghtsInd
Discriminate Race Admiss Plcy0DiscriminateRaceAdmissPlcyInd
Discriminate Race Emplm Fculty0DiscriminateRaceEmplmFcultyInd
Discriminate Race Schs0DiscriminateRaceSchsInd
Discriminate Race Educ Plcy0DiscriminateRaceEducPlcyInd
Discriminate Race Use Of Fclts0DiscriminateRaceUseOfFcltsInd
Discriminate Race Athlt Prog0DiscriminateRaceAthltProgInd
Discriminate Race Other Acty0DiscriminateRaceOtherActyInd
Government Financial Aid RcvdYes (1)GovernmentFinancialAidRcvdInd
Government Financial Aid Rvkd0GovernmentFinancialAidRvkdInd
Compliance With Rev Proc7550Yes (1)ComplianceWithRevProc7550Ind

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
SCHEDULE E, PART I, LINE 3THE UNIVERSITY HAS PUBLICIZED ITS NON-DISCRIMINATORY POLICY THROUGH RECRUITING MATERIALS SENT TO STUDENTS. THE UNIVERSITY'S AFFIRMATIVE ACTION/EEO POLICY IS AS FOLLOWS: DREW UNIVERSITY IS COMMITTED TO SEEKING ACADEMIC EXCELLENCE WHILE STRIVING CONTINUOUSLY TO BE A WELCOMING, DIVERSE, AND SOCIALLY-JUST CAMPUS. WE ASPIRE TO PROVIDE AN EDUCATION THAT IN CONTENT, SCOPE, AND PEDAGOGY EMBRACES DIFFERENCE AND PROMOTES RESPECT THAT EXTENDS BEYOND THE CLASSROOM TO ALL UNIVERSITY SPACES AND TO LOCAL AND GLOBAL COMMUNITIES. DIVERSITY ENCOMPASSES MULTIPLE DIMENSIONS, INCLUDING, BUT NOT LIMITED TO, RACE, CULTURE, NATIONALITY, ETHINICITY, GEOGRAPHIC ORIGIN, CLASS, SEXUAL ORIENTATION, GENDER, DISABILITIES, AGE, AND RELIGION. CONTINUED ON SCHEDULE "O".
SCHEDULE E, PART I, LINE 6THE UNIVERSITY RECEIVED FUNDS FROM THE FEDERAL GOVERNMENT AND STATE OF NEW JERSEY IN THE FORM OF FEDERAL PELL GRANTS, FEDERAL WORK STUDY PROGRAMS, AND FEDERAL DIRECT LOAN PROGRAMS (ALL OF WHICH FALL UNDER STUDENT ASSISTANCE). ADDITIONALLY, THE UNIVERSITY RECEIVED FUNDS FROM VARIOUS RESEARCH AND DEVELOPMENT FUNDS SUCH AS NATIONAL SCIENCE FOUNDATION, NATIONAL AERONAUTICS AND SPACE ADMINISTRATION, AND THE DEPARTMENT OF HEALTH AND HUMAN SCIENCES.

Schedule F IRS990ScheduleF

Account Activities Outside US AccountActivitiesOutsideUSGrp

FieldValueIRS element (for citing)
RegionCENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS,RegionTxt
Offices0OfficesCnt
Employee0EmployeeCnt
Type Of Activities ConductedINVESTMENTSTypeOfActivitiesConductedTxt
Region Total Expenditures$7,855,273RegionTotalExpendituresAmt
FieldValueIRS element (for citing)
Subtotal Offices0SubtotalOfficesCnt
Subtotal Employees0SubtotalEmployeesCnt
Continuation Total Office0ContinuationTotalOfficeCnt
Continuation Total Employee0ContinuationTotalEmployeeCnt
Total Office0TotalOfficeCnt
Total Employee0TotalEmployeeCnt
Subtotal Spent$7,855,273SubtotalSpentAmt
Continuation Spent$0ContinuationSpentAmt
Total Spent$7,855,273TotalSpentAmt
Transfer To Foreign CorpYes (1)TransferToForeignCorpInd
Interest In Foreign Trust0InterestInForeignTrustInd
Foreign Corp OwnershipYes (1)ForeignCorpOwnershipInd
Passive Foreign Investmest CoYes (1)PassiveForeignInvestmestCoInd
Foreign PartnershipYes (1)ForeignPartnershipInd
Boycott Countries0BoycottCountriesInd

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART III ACCOUNTING METHOD:
SCHEDULE F, PART IVTHE UNIVERSITY DID NOT MEET THE REQUIRED THRESHOLDS FOR FILING THE FOLLOWING FORMS: FORM 5471, FORM 8865, FORM 8621.

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedYes (1)GrantRecordsMaintainedInd

Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp (2 entries)

Grant TypeGrantTypeTxtRecipientRecipientCntCash GrantCashGrantAmt
SCHOLARSHIPS & FINANCIAL AID1604$38,625,755
CARES GRANTS48$146,754

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART I, LINE 2:FormAndLineReferenceDesc
ExplanationDREW UNIVERSITY GRANTED FUNDS TO STUDENTS IN THE FORM OF SCHOLARSHIPS, FELLOWSHIPS, STUDENT LOANS, AS WELL AS OTHER FINANCIAL AID. FINANCIAL AID IS GRANTED TO STUDENTS BASED ON ELIGIBILITY GUIDELINES AS DEFINED BY THE FEDERAL DEPARTMENT OF EDUCATION AS WELL AS THE STATE OF NEW JERSEY. IF A STUDENT IS NOT ELIGIBLE TO RECEIVE FEDERAL OR STATE BASED FINANCIAL AID, THE AID WILL NOT BE APPLIED TO THE STUDENT'S ACCOUNT. IN ADDITION, DREW UNIVERSITY GRANTS FUNDS TO STUDENTS IN THE FORM OF INSTITUTIONAL AID BASED ON MERIT AND NEED CRITERIA.ExplanationTxt

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Housing Allowance Or ResidenceYes (X)HousingAllowanceOrResidenceInd
Written Policy Ref T And E ExpnssYes (1)WrittenPolicyRefTAndEExpnssInd
Substantiation RequiredYes (1)SubstantiationRequiredInd
Compensation CommitteeYes (X)CompensationCommitteeInd
Compensation SurveyYes (X)CompensationSurveyInd
Board Or Committee ApprovalYes (X)BoardOrCommitteeApprovalInd
Severance Payment0SeverancePaymentInd
Supplemental Nonqual Rtr Plan0SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm0EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org0CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs0CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng Org0CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs0CompBsdNetEarnsRltdOrgsInd
Any Non Fixed Payments0AnyNonFixedPaymentsInd
Initial Contract Exception0InitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (9 entries)

TitleTitleTxtBase Compensation Filing OrgBaseCompensationFilingOrgAmtCompensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmtBonus Filing OrganizationBonusFilingOrganizationAmountBonus Related OrganizationsBonusRelatedOrganizationsAmtOther Compensation Filing OrgOtherCompensationFilingOrgAmtOther Compensation Rltd OrgsOtherCompensationRltdOrgsAmtDeferred Compensation Flng OrgDeferredCompensationFlngOrgAmtDeferred Comp Rltd OrgsDeferredCompRltdOrgsAmtNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmtNontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmtTotal Compensation Filing OrgTotalCompensationFilingOrgAmtTotal Compensation Rltd OrgsTotalCompensationRltdOrgsAmtComp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmtComp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
THOMAS SCHWARZ
PRESIDENT$500,000$0$0$0$0$0$40,000$0$0$0$540,000$0$0$0
BRET D SILVER
VICE PRESIDENT, UNIVERSITY$347,188$0$75,000$0$0$0$33,775$0$0$0$455,963$0$0$0
JESSICA LAKIN
PROVOST$231,646$0$0$0$0$0$18,531$0$28,499$0$278,676$0$0$0
LOUISE T HOOD
ASSOC VP, ADVANCEMENT$217,199$0$0$0$0$0$17,375$0$0$0$234,574$0$0$0
EDWIN APONTE
DEAN OF THEOLOGICAL SCHOOL$190,500$0$0$0$0$0$15,240$0$13,432$0$219,172$0$0$0
GREGORY SMITH
VP FOR FACILITIES & CAMPUS$191,532$0$0$0$0$0$15,322$0$7,009$0$213,863$0$0$0
FRANK MERCK
VP ENROLLMENT MANAGEMENT$178,214$0$0$0$0$0$14,257$0$19,762$0$212,233$0$0$0
CAITLIN TRAMEL
ASSISTANT VP, ADVANCEMENT$190,234$0$0$0$0$0$15,218$0$0$0$205,452$0$0$0
RYAN HINRICHS
DEAN ARTS & SCIENCES$163,126$0$0$0$0$0$13,050$0$28,499$0$204,675$0$0$0

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART I, LINE 1AFormAndLineReferenceDesc
ExplanationTHE UNIVERSITY PROVIDES A RESIDENCE ON CAMPUS WHEN THE DUTIES AND RESPONSIBILITES OF THE EMPLOYEE REQUIRE THEIR SERVICES ON A 24-HOUR BASIS THROUGHOUT THE YEAR. THIS BENEFIT IS PROVIDED ON A NON-TAX BASIS AS A CONDITION OF THEIR EMPLOYMENT IN ORDER FOR THEM TO ACCOMPLISH THEIR REQUIRED AND CONTINUOUS DUTIES AND RESPONSIBILITIES ON CAMPUS. THIS BENEFIT IS PROVIDED TO THE FOLLOWING INDIVIDUALS: - FRANK MERCKX - GREG SMITH - THOMAS SCHWARZ (A HOUSE IS PROVIDED FOR THOMAS SCHWARZ BUT NOT LIVED IN).ExplanationTxt

Schedule K IRS990ScheduleK

Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp (3 entries)

Bond ReferenceBondReferenceCdBond Issuer EINBondIssuerEINCUSIPCUSIPNumBond IssuedBondIssuedDtIssue PriceIssuePriceAmtPurposePurposeDescDefeasedDefeasedIndOn Behalf Of IssuerOnBehalfOfIssuerIndPool FinancingPoolFinancingInd
NJ EDU FAC AUTH 2014B - CIF
A2218295116946066DG2014-04-29$19,369,367SEE PART VI000
NJ EDU FAC AUTH 2016B - CIF
B2218295112016-07-01$488,834SEE PART VI000
MORRIS COUNTY IMPROVEMENT AUTHORITY
C22600246261802PAA42017-12-15$83,515,000SEE PART VI000

Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp (3 entries)

Bond ReferenceBondReferenceCdRetiredRetiredAmtTotal ProceedsTotalProceedsAmtCapital ExpendituresCapitalExpendituresAmtSubstantial CompletionSubstantialCompletionYrRefunding Tax Exempt BondsRefundingTaxExemptBondsIndRefunding Taxable BondsRefundingTaxableBondsIndFinal Allocation MadeFinalAllocationMadeIndAdequate Books And Rec MaintAdequateBooksAndRecMaintIndIn Reserve FundInReserveFundAmtCapitalized InterestCapitalizedInterestAmtIssuance Costs From ProceedsIssuanceCostsFromProceedsAmtWorking Capital ExpendituresWorkingCapitalExpendituresAmtOther Spent ProceedsOtherSpentProceedsAmtUnspentUnspentAmt
A$2,202,497$3,203,000$3,203,00020150Yes (1)0Yes (1)
B$96,717$488,834$488,8342018000Yes (1)
C$8,295,000$76,191,570$6,680,6090Yes (1)0Yes (1)$3,302,630$4,139,219$1,446,622$574,492$52,221,152$106,390

Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp (3 entries)

Bond ReferenceBondReferenceCdOwning Bond Financed PropertyOwningBondFinancedPropertyIndAny Lease ArrangementsAnyLeaseArrangementsIndMgmt Contract Bond Fincd PropMgmtContractBondFincdPropIndAny Research AgreementsAnyResearchAgreementsIndBond Iss Meet Prvt Sec Pymt TestBondIssMeetPrvtSecPymtTestIndChange In Use Bond Financed PropChangeInUseBondFinancedPropIndProcs Nonqualified Bond RemdtdProcsNonqualifiedBondRemdtdInd
A000000Yes (1)
B000000Yes (1)
C000000Yes (1)

Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp (3 entries)

Bond ReferenceBondReferenceCdForm8038 T FiledForm8038TFiledIndRebate Not Due YetRebateNotDueYetIndException To RebateExceptionToRebateIndNo Rebate DueNoRebateDueIndVariable Rate IssueVariableRateIssueIndHedge Identified In Bks And RecHedgeIdentifiedInBksAndRecIndGross Proceeds Invested In GICGrossProceedsInvestedInGICIndGross Proceeds InvestedGrossProceedsInvestedIndWritten Proc To Monitor ReqsWrittenProcToMonitorReqsInd
A0Yes (1)000000Yes (1)
B0Yes (1)000000Yes (1)
C0Yes (1)000000Yes (1)

Procedures Corrective Action ProceduresCorrectiveActionGrp (3 entries)

Bond ReferenceBondReferenceCdProcedures Corrective ActionProceduresCorrectiveActionInd
AYes (1)
BYes (1)
CYes (1)

Supplemental Information Detail SupplementalInformationDetail (4 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
SCHEDULE K, PART I, BOND ISSUESBOND A: (A) ISSUER NAME: NJ EDUCATION FACILITIES AUTHORITY 2014B - CIF (F) DESCRIPTION OF PURPOSE: ADVANCE REFUNDING AND NEW MONEY. BOND B: (A) ISSUER NAME: NJ EDUCATION FACILITIES AUTHORITY 2016 SERIES A (F) DESCRIPTION OF PURPOSE: ADVANCE REFUNDING AND NEW MONEY. BOND C: (A) ISSUER NAME: MORRIS COUNTY IMPROVEMENT AUTHORITY (F) DESCRIPTION OF PURPOSE: REFUND CERTAIN EXISTING NEW JERSEY EDUCATION FACILITIES BOND ISSUES: AUTHORITY REVENUE BONDS, DREW UNIVERSITY ISSUE 2003 SERIES C, 2007 SERIES D, 2008 SERIES I AND 2010 SERIES C, TO REFINANCE A BANK LOAN FROM TD BANK, N.A., TO FINANCE CERTAIN CAPITAL IMPROVEMENTS RELATED TO ITS CAMPUS FACILITIES LOCATED IN MADISON, NJ, FUND A DEBT SERVICE RESERVE FUND, FUND CAPITALIZED INTEREST ON A PORTION OF THE SERIES 2017 BONDS, AND PAY CERTAIN COSTS RELATED TO THE ISSUANCE OF THE SERIES 2017 BONDS.
SCHEDULE K, PART I, COLUMN IPOOLED FINANCING ISSUE: IN APRIL 2014, NEW JERSEY EDUCATIONAL FACILITIES AUTHORITY ISSUED "REVENUE BONDS, HIGHER ED. CAPITAL IMPROVEMENT FUND ISSUE, SERIES 2014 B" THE ISSUE PRICE WAS $19,369,367 AND DREW UNIVERSITY'S PORTION OF THE ISSUE WAS $3,203,000.
SCHEDULE K, PART II, LINE 3ISSUER NAME: MORRIS COUNTY IMPROVEMENTS AUTHORITY: THE DIFFERENCE BETWEEN TOTAL PROCEEDS LISTED IN PART II, LINE 3 AND THE ISSUE PRICE LISTED IN PART I, ITEM E IS DUE TO THE ORIGINAL ISSUE DISCOUNT OF $7,323,430.
SCHEDULE K, PART II, LINE 16FINAL ALLOCATION HAS NOT BEEN MADE FOR THE FOLLOWING: - NJ EDUCATION FACILITIES AUTHORITY 2014B - CIF - NJ EDUCATION FACILITIES AUTHORITY 2016 SERIES A - MORRIS COUNTY IMPROVEMENT AUTHORITY.

Schedule M IRS990ScheduleM

Securities Publicly Traded SecuritiesPubliclyTradedGrp

FieldValueIRS element (for citing)
Non Cash CheckboxYes (X)NonCashCheckboxInd
Contribution22ContributionCnt
Noncash Contributions Rpt F990$312,834NoncashContributionsRptF990Amt
Method Of Determining RevenuesAVERAGE PRICEMethodOfDeterminingRevenuesTxt

Other Non Cash Contri Table OtherNonCashContriTableGrp

FieldValueIRS element (for citing)
Non Cash CheckboxYes (X)NonCashCheckboxInd
DescSUPPLIES, FOOD AND EVENT TICKETSDesc
Contribution16ContributionCnt
Noncash Contributions Rpt F990$17,271NoncashContributionsRptF990Amt
FieldValueIRS element (for citing)
Any Property That Must Be Held0AnyPropertyThatMustBeHeldInd
Review Process Unusual NC GiftsYes (1)ReviewProcessUnusualNCGiftsInd
Third Parties Used0ThirdPartiesUsedInd

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (8 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION B, LINE 11BTHE FORM 990 WAS REVIEWED BY THE AUDIT COMMITTEE. ALL MEMBERS OF THE BOARD DREW OF TRUSTEES ARE PROVIDED WITH A COPY OF THE PUBLIC DISCLOSURE VERSION OF THE FORM 990 VIA THE TRUSTEE WEBSITE PRIOR TO ITS FILING WITH THE IRS.
FORM 990, PART VI, SECTION B, LINE 12CALL DECISIONS OF THE BOARD OF TRUSTEES, OFFICERS, AND EMPLOYEES OF DREW UNIVERSITY ARE TO BE MADE SOLELY ON THE BASIS OF A DESIRE TO PROMOTE THE BEST INTERESTS OF THE UNIVERSITY. IT IS, THEREFORE, THE POLICY OF THE BOARD AND THE UNIVERSITY THAT: (1) ALL ACTIVITIES OR BEHAVIOR WHICH CONFLICT WITH THE BEST INTERESTS OF THE UNIVERSITY ARE PROHIBITED. THIS COULD INCLUDE BUT WOULD NOT BE LIMITED TO (A) USE OF UNIVERSITY RESOURCES - FOR A UNIVERSITY TRUSTEE, OFFICER, OR EMPLOYEE TO MAKE IMPROPER USE OF ANY UNIVERSITY RESOURCES, INCLUDING THE SERVICES OF UNIVERSITY EMPLOYEES, FOR HIS OR HER OWN PERSONAL BENEFIT, (B) COMPLIANCE WITH RULES - FOR A UNIVERSITY TRUSTEE, OFFICER, OR EMPLOYEE TO FAIL TO COMPLY WITH THE UNIVERSITY'S DULY ESTABLISHED RULES, REGULATIONS, OR STANDARDS OF PERSONAL BEHAVIOR (C) DISCLOSURE OF CONFIDENTIAL INFORMATION - FOR A UNIVERSITY TRUSTEE, OFFICER, OR EMPLOYEE, WITHOUT PROPER AUTHORITY, TO GIVE OR RELEASE TO ANYONE NOT AUTHORIZED TO RECEIVE SUCH INFORMATION, ANY DATA OF A CONFIDENTIAL NATURE SECURED THROUGH HIS OR HER RELATIONSHIP TO THE UNIVERSITY (D) ACCEPTANCE OF GIFTS - FOR A UNIVERSITY TRUSTEE, OFFICER OR EMPLOYEE, OR ANY DEPENDENT MEMBER OF HIS OR HER IMMEDIATE FAMILY TO ACCEPT FROM ANY ORGANIZATION OR PERSON THAT THEY KNOW TO BE DOING OR SEEKING TO DO BUSINESS WITH THE UNIVERSITY, A LOAN OR A GIFT OR FAVOR OF MORE THAN NOMINAL VALUE. THIS PARAGRAPH SHALL NOT BE DEEMED TO PROHIBIT LOANS MADE IN THE NORMAL COURSE OF BUSINESS WITH THE TERMS STANDARD FOR SUCH LOANS FROM BANKS OR FINANCIAL INSTITUTIONS THAT MAY HAVE OR EXPECT TO HAVE RELATIONS WITH THE UNIVERSITY (E) COMPETITION WITH THE UNIVERSITY - FOR A UNIVERSITY TRUSTEE OR OFFICER, DIRECTLY OR THROUGH A CORPORATION IN WHICH HE OR SHE HAS A SUBSTANTIAL INTEREST, TO ENGAGE IN, FOR REMUNERATION, ANY OTHER ACTIVITY WHICH IS IN DIRECT COMPETITION WITH THE UNIVERSITY, EXCEPT WITH THE KNOWLEDGE AND WRITTEN CONSENT OF THE PRESIDENT OR THE PRESIDENT'S DESIGN EE. IF THE ACTIVITY IS THAT OF THE PRESIDENT, SUCH CONSENT MUST BE GIVEN BY THE CHAIR OF THE BOARD. (2) INVOLVING THE UNIVERSITY AND A MEMBER OF THE BOARD OR ANY OFFICER OF THE UNIVERSITY (OR A MEMBER OF HIS OR HER IMMEDIATE FAMILY), OR AN ORGANIZATION WITH WHICH A MEMBER OF THE BOARD OR ANY OFFICER OF THE UNIVERSITY IS "AFFILIATED," SUCH TRUSTEE OR OFFICER, AS SOON AS HE OR SHE HAS KNOWLEDGE OF THE TRANSACTION, SHALL (A) DISCLOSE FULLY THE PRECISE NATURE OF HIS OR HER INTEREST OR INVOLVEMENT IN SUCH TRANSACTION AND/OR SUCH ORGANIZATION, AND (B) REFRAIN FROM PARTICIPATION IN THE UNIVERSITY'S CONSIDERATION OF THE PROPOSED TRANSACTION FOR THE PURPOSES OF THIS CONFLICT OF INTEREST POLICY, A TRUSTEE OR OFFICER IS "AFFILIATED" WITH ANY ORGANIZATION OF WHICH HE OR SHE (OR A MEMBER OF HIS OR HER IMMEDIATE FAMILY) IS AN EMPLOYEE, GENERAL PARTNER, MEMBER OF THE BOARD OF DIRECTORS, TRUSTEE, OR IN WHICH HE OR SHE (OR A MEMBER OF HIS OR HER IMMEDIATE FAMILY) OWNS 10% OR MORE OF THE OUTSTANDING STOCK. (3) THAT THE FOLLOWING PERSONS DISCLOSE TO THE UNIVERSITY ON A CONTINUING BASIS ALL THEIR RELATIONSHIPS AND BUSINESS AFFILIATIONS THAT REASONABLY COULD GIVE RISE TO A CONFLICT OF INTEREST, OR THE APPEARANCE OF A CONFLICT OF INTEREST, INVOLVING THE UNIVERSITY - THE TRUSTEES (INCLUDING THE PRESIDENT), THE VICE PRESIDENTS OF THE UNIVERSITY, THE DEANS, AND SUCH OTHER OFFICERS AS THE PRESIDENT SHALL DESIGNATE AS BEING OFFICERS FROM WHOM, BECAUSE OF THEIR RESPECTIVE DUTIES AND RESPONSIBILITIES, THE UNIVERSITY SHOULD RECEIVE A CONTINUING DISCLOSURE OF SUCH OUTSIDE RELATIONSHIPS AND BUSINESS AFFILIATIONS. ALL DISCLOSURES REQUIRED TO BE MADE HEREUNDER MUST BE DIRECTED IN WRITING TO THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES WHICH SHALL HAVE, WITH THE ASSISTANCE OF THE VICE PRESIDENT OF FINANCE AND ADMINISTRATION, THE RESPONSIBILITY FOR MONITORING OF THIS POLICY, INCLUDING THE ADMINISTRATION AND ENFORCEMENT THEREOF. THE EXECUTIVE COMMITTEE SHALL BE ADVISED IMMEDIATELY OF ANY DISPUTES OR OTHER ISSUES ARISING OUT OF THE APPLICATION OF THIS POLICY SO THAT IT CAN DETERMINE WHAT, IF ANY, ACTION IS APPROPRIATE.ADDITIONALLY ALL MEMBERS OF THE BOARD OF TRUSTEES, OFFICERS, AND KEY EMPLOYEES ARE REQUIRED TO COMPLETE A CONFLICT OF INTEREST DISCLOSURE STATEMENT ON AN ANNUAL BASIS.
FORM 990, PART VI, SECTION B, LINE 15COMPENSATION FOR THE PRESIDENT, OTHER OFFICERS, AND KEY EMPLOYEES IS DETERMINED BY THE DREW BOARD OF TRUSTEES ON THE RECOMMENDATION OF THE BOARD'S EXECUTIVE COMPENSATION COMMITTEE. NO INDIVIDUALS WITH A CONFLICT OF INTEREST MAY BE INVOLVED IN THE COMPENSATION DETERMINATION PROCESS. COMPARABILITY DATA FOR SIMILARLY QUALIFIED PERSONS IN FUNCTIONALLY COMPARABLE POSITIONS AT SIMILAR ORGANIZATIONS IS PREPARED BY THE ORGANIZATION AND REVIEWED BY THE BOARD'S EXECUTIVE COMPENSATION COMMITTEE. THE MINUTES OF THE BOARD OF TRUSTEES AND ITS EXECUTIVE COMPENSATION COMMITTEE DOCUMENT THE BOARD'S AND COMMITTEE'S DELIBERATIONS AND DECISIONS REGARDING COMPENSATION. COMPENSATION REVIEWS TAKE PLACE IN MAY OF EACH YEAR. THE BENCHMARK DATA IS DERIVED FROM A CUSTOM REPORT OF ABOUT 68 INSTITUTIONS THAT ARE SIMILAR TO DREW IN SIZE, SCOPE, AND OPERATING BUDGET. MEAN AND MEDIAN SALARIES FOR POSITIONS THAT ARE COMPARABLE TO DREW'S ADMINISTRATIVE OFFICERS ARE DERIVED FROM THE DATA PROVIDED BY CUPA AND USED TO DETERMINE THE BENCHMARK. THE BENCHMARK IS USED BY THE COMMITTEE TO DETERMINE THE APPROPRIATENESS OF CURRENT SALARIES, SALARY INCREASES, AND SALARIES OF NEW EXECUTIVE HIRES.
FORM 990, PART VI, SECTION C, LINE 19THE UNIVERSITY MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
FORM 990, PART XI, LINE 9:CHANGE IN FAIR VALUE OF TRUSTS 1,035,088. POSTRETIREMENT RELATED CHANGES OTHER THAN NET PERIODIC POSTRETIREMENT COST 718,123. ROUNDING 1,321.
FORM 990, PART XII, LINE 2C:THERE HAVE BEEN NO CHANGES TO THE PROCESS FROM THE PRIOR YEAR.
FORM 990, PART III, LINE 1DREW IS LOCATED ON A BEAUTIFUL, WOODED, 186-ACRE CAMPUS IN MADISON, NEW JERSEY, A THRIVING SMALL TOWN CLOSE TO NEW YORK CITY. IT HAS A TOTAL ENROLLMENT OF MORE THAN 2,000 STUDENTS AND HAS 150 FULL-TIME FACULTY MEMBERS, 99% OF WHOM HOLD THE TERMINAL DEGREE IN THEIR FIELD. THE THEOLOGICAL AND CASPERSEN SCHOOLS OFFER MA AND PHO DEGREES AND THE COLLEGE CONFERS BA AND BS DEGREES IN MORE THAN 30 DISCIPLINES. DREW'S NEW, ONE-OF-A-KIND, LEADING EDGE PATH TO AN UNDERGRADUATE DEGREE, LAUNCH, SYNCS CAREER DEVELOPMENT WITH RIGOROUS ACADEMICS AND POWERFUL COMMUNITY ROLLED OUT IN FALL 2019. PARTICULARLY NOTEWORTHY OPPORTUNITIES FOR UNDERGRADUATES INCLUDE THE CHARLES A. DANA RESEARCH INSTITUTE FOR SCIENTISTS EMERITI (RISE), HOME OF 2015 NOBEL PRIZE WINNER FOR MEDICINE AND DREW FELLOW WILLIAM CAMPBELL, THE DREW SUMMER SCIENCE INSTITUTE (DSSI), THE CENTER FOR CIVIC ENGAGEMENT, AS WELL AS NEW YORK CITY SEMESTERS FOCUSING ON WALL STREET, THE UNITED NATIONS, CONTEMPORARY ART, THEATRE, SOCIAL ENTREPRENEURSHIP AND COMMUNICATIONS AND MEDIA IN NEW YORK CITY AND SEVERAL INTERNATIONAL SEMESTER PROGRAMS.
SCHEDULE E, PART I, LINE 3OUR INTENT IS TO ACHIEVE A LEARNING ENVIRONMENT IN WHICH STUDENTS, FACULTY, AND STAFF UNDERSTAND THE CHALLENGES, ACCOMPLISHMENTS, AND PERSPECTIVES OF VARIOUS GROUPS OF PEOPLE, THUS GAINING A FULLER UNDERSTANDING OF THEMSELVES AS WELL AS HOW TO ENGAGE IN CONVERSATION SPANNING DIFFERENCES AND COMMONALITIES. ACHIEVING THIS VISION IS A FUNDAMENTAL COMMITMENT CRITICAL TO DREW UNIVERSITY'S MISSION AS AN INSTITUTION OF HIGHER LEARNING.