UNIVERSITY OF THE SCIENCES IN: Form 990, tax year 2021
View the entire original 990 at ProPublica ↗
- Organization
- UNIVERSITY OF THE SCIENCES IN (EIN 23-1352668)
- Tax period
- 2021-07-01 to 2022-05-31
- Filed
- 2023-04-14
- IRS object ID
- 202301049349301950
- Schema version
- 2021v4.2
- 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
- Form 990
- Schedule A
- Schedule B
- Schedule C
- Schedule D
- Schedule E
- Schedule I
- Schedule J
- Schedule K
- Schedule N
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2023-04-14T15:56:54-05:00 | ReturnTs |
| Tax Period End | 2022-05-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 366055558 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | GRANT THORNTON LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1000 WILSON BLVD STE 1500 | AddressLine1Txt |
| City | ARLINGTON | CityNm |
| State Abbreviation | VA | StateAbbreviationCd |
| ZIP | 22209 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2021-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 231352668 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | UNIVERSITY OF THE SCIENCES IN | BusinessNameLine1Txt |
| Business Name Line2 | PHILADELPHIA | BusinessNameLine2Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | UNIV | BusinessNameControlTxt |
| Phone | 2155968862 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 600 SOUTH 43RD STREET | AddressLine1Txt |
| City | PHILADELPHIA | CityNm |
| State Abbreviation | PA | StateAbbreviationCd |
| ZIP | 191044495 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | DAVID R BEAUPRE | PersonNm |
| Person Title | SVP FOR FIN. & ADMIN AND TRES. | PersonTitleTxt |
| Phone | 2155968862 | PhoneNum |
| Signature | 2023-04-14 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | DAVID | PersonFirstNm |
| Person Last | BEAUPRE | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | XXX-XX-XXXX | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | MARY TORRETTA | PreparerPersonNm |
| PTIN | P00847851 | PTIN |
| Phone | 7038477500 | PhoneNum |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 3 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2021 | TaxYr |
| Build TS | 2023-04-26 12:10:37Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Final Return | Yes (X) | FinalReturnInd |
| Principal Officer | DAVID R BEAUPRE | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 600 SOUTH 43RD STREET | AddressLine1Txt |
| City | PHILADELPHIA | CityNm |
| State Abbreviation | PA | StateAbbreviationCd |
| ZIP | 191044495 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $110,496,623 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | N/A | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1821 | FormationYr |
| Legal Domicile State | PA | LegalDomicileStateCd |
| Activity Or Mission | UNIVERSITY OF THE SCIENCES PREPARES STUDENTS TO BECOME LEADERS IN THE SCIENCES. SEE SCH. OUNIVERSITY OF THE SCIENCES PREPARES STUDENTS TO BECOME LEADERS, INNOVATORS, AND SKILLED PRACTITIONERS IN THE SCIENCES, THE HEALTH PROFESSIONS, AND RELATED DISCIPLINES. | ActivityOrMissionDesc |
| Contract Termination | Yes (X) | ContractTerminationInd |
| Voting Members Governing Body | 14 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 14 | VotingMembersIndependentCnt |
| Total Employee | 2117 | TotalEmployeeCnt |
| Total Volunteers | 87 | TotalVolunteersCnt |
| Total Gross UBI | $313,965 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $131,154 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $7,446,181 | PYContributionsGrantsAmt |
| CY Contributions Grants | $10,143,477 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $82,143,977 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $79,375,335 | CYProgramServiceRevenueAmt |
| PY Investment Income | $4,146,517 | PYInvestmentIncomeAmt |
| CY Investment Income | $11,163,558 | CYInvestmentIncomeAmt |
| PY Other Revenue | $428,964 | PYOtherRevenueAmt |
| CY Other Revenue | $2,339,396 | CYOtherRevenueAmt |
| PY Total Revenue | $94,165,639 | PYTotalRevenueAmt |
| CY Total Revenue | $103,021,766 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $20,600,529 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $17,724,154 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $49,076,233 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $50,799,080 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $904,963 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $46,901,815 | PYOtherExpensesAmt |
| CY Other Expenses | $54,770,679 | CYOtherExpensesAmt |
| PY Total Expenses | $116,578,577 | PYTotalExpensesAmt |
| CY Total Expenses | $123,293,913 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | -$22,412,938 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$20,272,147 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $406,870,373 | TotalAssetsBOYAmt |
| Total Assets EOY | $0 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $195,344,945 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $211,525,428 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $0 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | UNIVERSITY OF THE SCIENCES PREPARES STUDENTS TO BECOME LEADERS, INNOVATORS, AND SKILLED PRACTITIONERS IN THE SCIENCES, THE HEALTH PROFESSIONS, AND RELATED DISCIPLINES. WE DELIVER EXCELLENCE IN TEACHING, RESEARCH, AND SERVICE THROUGH A SAFE AND SUPPORTIVE ENVIRONMENT IN WHICH OUR STUDENTS LIVE, LEARN, AND SUCCEED. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | Yes (1) | SignificantChangeInd |
| Expense | $55,528,125 | ExpenseAmt |
| Grant | $17,724,154 | GrantAmt |
| Revenue | $79,375,335 | RevenueAmt |
| Desc | UNIVERSITY OF THE SCIENCES: SEE SCHEDULE OTHE MISSION OF UNIVERSITY OF THE SCIENCES (USCIENCES) IS TO EDUCATE STUDENTS TO BECOME LEADERS AND INNOVATORS IN THE SCIENCES, THE HEALTH PROFESSIONS, AND EMERGING RELATED DISCIPLINES BY PROVIDING EXCELLENCE IN TEACHING, RESEARCH, AND SERVICE. THE UNIVERSITY PREPARES STUDENTS TO ENTER THE MARKETPLACE STRAIGHT FROM GRADUATION OR SEEK HIGHER DEGREES. FULLY ACCREDITED BY THE MIDDLE STATES COMMISSION ON HIGHER EDUCATION, USCIENCES WAS FOUNDED IN 1821 AS PHILADELPHIA COLLEGE OF PHARMACY, THE FIRST COLLEGE OF PHARMACY IN NORTH AMERICA. THE INSTITUTION CHANGED ITS NAME IN 1998 TO REFLECT THE BROADER RANGE OF ACADEMIC OPPORTUNITIES THE UNIVERSITY CURRENTLY OFFERS. USCIENCES BUILDS THE FOUNDATION FOR PROFESSIONAL SUCCESS BY PROVIDING STUDENTS WITH A CONCENTRATED CURRICULUM, HANDS-ON EDUCATION, AND REAL-WORLD EXPERIENCES. THE RESULTS ARE REWARDING, WELL-PAYING CAREERS AND DISCOVERIES ACROSS THE PHARMACEUTICAL, MEDICAL, HEALTHCARE, AND BIOTECH SPECTRUMS WORLDWIDE WHERE USCIENCES ALUMNI, FACULTY, AND STUDENTS ARE PROVEN EVERYWHERE THEY GO.TODAY, APPROXIMATELY 2,423 (1,387 UNDERGRADUATE STUDENTS, 1036 GRADUATE STUDENTS) STUDENTS ARE ENROLLED IN TOP MAJORS SUCH AS (WITH THE HIGHEST ENROLLMENT) PHARMACY, PHYSICAL THERAPY, BIOLOGY, AND OCCUPATIONAL THERAPY. THE UNIVERSITY STUDENT BODY IS >46% NON-WHITE AND 67% FEMALE. STUDENTS ENJOY A STUDENT/FACULTY RATIO OF 7:1 AND ACCESS TO MORE THAN 100 LABORATORIES AND COMPUTER LABS AND OVER 60 CLUBS AND CAMPUS ORGANIZATIONS. THROUGHOUT ITS HISTORY, THE UNIVERSITY HAS BEEN, AND CONTINUES TO BE, AN INCUBATOR FOR A THRIVING ALUMNI NETWORK WHO SHARE A PASSION FOR EXPLORATION AND DISCOVERY IN PHARMACY, SCIENCE, AND HEALTHCARE AS WELL AS FOR GOVERNMENTAL, BUSINESS, AND ADMINISTRATIVE PROFESSIONS. THE RESULTS OF A USCIENCES EDUCATION ARE REWARDING, WELL-PAYING CAREERS AND DISCOVERIES ACROSS THE PHARMACEUTICAL, MEDICAL, HEALTHCARE, AND BIOTECH SPECTRUMS WORLDWIDE: USCIENCES IS #1 IN PA, NJ, DE AND TOP 10 IN U.S. FOR RETURN ON INVESTMENT 40 YEARS AFTER ENROLLMENT AMONG PRIVATE FOUR-YEAR INSTITUTIONS, ACCORDING TO A REPORT ENTITLED "A FIRST TRY AT ROI: RANKING 4,500 COLLEGES" PUBLISHED BY GEORGETOWN UNIVERSITY IN 2019. USCIENCES PREPARES STUDENTS FOR IN-DEMAND HEALTH PROFESSIONS THAT RANK AMONG THE BEST JOBS IN THE U.S. INCLUDING DENTIST, PHYSICIAN, PHYSICAL THERAPIST, PHYSICIAN ASSISTANT, VETERINARIAN, AND OCCUPATIONAL THERAPIST (U.S. NEWS AND WORLD REPORT 2021) THE UNIVERSITY CAMPUS IS LOCATED ON A 24-ACRE SITE COMPRISED OF 23 BUILDINGS IN THE UNIVERSITY CITY SECTION OF PHILADELPHIA. AMONG USCIENCES NEWEST BUILDINGS IS THE LIVING & LEARNING COMMONS, A MIXED-USE RESIDENCE HALL WHICH SETS THE STANDARD FOR DYNAMIC LIVING AND LEARNING COMMUNITIES FOR SCIENCE AND HEALTH PROFESSIONAL STUDENTS. THE 436-BED RESIDENCE HALL OFFERS PRIVATE BATHROOMS, AND INCLUDES CLASSROOM, RETAIL, OFFICE AND STUDENT STUDY SPACE. THE INTEGRATED PROFESSIONAL EDUCATION COMPLEX A 57,000-SQUARE-FOOT, A THREE-STORY BUILDING WHICH OPENED IN 2014, SHOWCASES AN INTERPROFESSIONAL EDUCATION MODEL THAT PERMITS STUDENTS FROM SEVERAL DISCIPLINES, INCLUDING PHARMACY, PHYSICAL THERAPY, OCCUPATIONAL THERAPY, EXERCISE SCIENCE, PSYCHOLOGY, AND HEALTHCARE BUSINESS AND POLICY, TO OBTAIN TRADITIONAL AND HANDS-ON EXPERIENCE. NEWLY ADDED USCIENCES ONLINE OFFERS HIGH-QUALITY MASTER'S AND BACHELOR'S DEGREES AND CERTIFICATES THAT ARE IN-DEMAND AND ON A FLEXIBLE SCHEDULE ONLINE. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $6,690,453 | ExpenseAmt |
| Desc | ACADEMIC SUPPORT: SEE SCHEDULE OACADEMIC SUPPORT - USCIENCES PROVIDES COMPREHENSIVE STUDENT-CENTERED LEARNING ASSISTANCE PROGRAMS, SERVICES, AND RESOURCES FOR ALL STUDENTS TO SUCCEED. USCIENCES UNDERGRADUATE STUDENTS HAVE ACCESS TO RESEARCH AS EARLY AS THEIR FIRST YEAR, STATE-OF-THE-ART EQUIPMENT IN OVER 100 LABS, AND QUALITY INTERNSHIP OPPORTUNITIES IN A CLOSE-KNIT LEARNING ENVIRONMENT. STUDENTS RECEIVE ONE-ON-ONE TUTORING ASSISTANCE FOR NUMEROUS LOWER-LEVEL AND UPPER-LEVEL COURSES. ADDITIONALLY, STUDENT SUCCESS WORKSHOPS ARE DESIGNED TO HELP STUDENTS DEVELOP EFFECTIVE STUDY SKILLS AND UTILIZE EFFECTIVE STRATEGIES. THE J.W. ENGLAND LIBRARY PROVIDES ACCESS TO SCHOLARLY MATERIALS AND INSTRUCTION IN THEIR USE. THE WRITING CENTER PROVIDES ONE-ON-ONE TUTORING FOR ANYONE IN THE UNIVERSITY COMMUNITY WORKING ON ANY KIND OF WRITING IN ANY STAGE OF DEVELOPMENT. THE HONORS PROGRAM AT USCIENCES OFFERS EXCEPTIONAL STUDENTS THE OPPORTUNITY FOR SPECIALIZED, INTENSIVE LEARNING EXPERIENCES BOTH INSIDE AND OUTSIDE THE CLASSROOM. | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $20,356,295 | ExpenseAmt |
| Desc | STUDENT SERVICES: SEE SCHEDULE OSTUDENT SERVICES -USCIENCES SEEKS TO ENRICH THE STUDENT'S EXPERIENCES ACADEMICALLY, CULTURALLY, AND SOCIALLY. THE STUDENT SERVICES UNITS ARE DESIGNED TO SUPPORT STUDENT SUCCESS IN THE AREAS OF CAMPUS ENGAGEMENT AND HOLISTIC WELLNESS THROUGH PROVIDING DEVELOPMENTAL OPPORTUNITIES. FROM ENROLLMENT TO GRADUATION, WE SUPPORT THE STUDENT THROUGH QUALITY STUDENT-CENTERED PROGRAMMING AND SERVICES THAT SUPPORT THE EMOTIONAL, INTELLECTUAL, PERSONAL, AND ETHICAL GROWTH OF THE INDIVIDUAL STUDENT BY PROMOTING SUCCESS. THIS SUPPORT STARTS WITH PROGRAMS AT ORIENTATION AND CONTINUES WITH PROGRAMS IN INTERCOLLEGIATE ATHLETICS, GREEK LIFE, STUDENT GOVERNMENT, RESIDENCE LIFE, INTERNATIONAL STUDENT SERVICES, HEALTH AND COUNSELING, AND CAREER SERVICES. THE UNIVERSITY OFFERS MANY INTERCOLLEGIATE SPORTS COMPETING AT THE NCAA DIVISION II LEVEL. OUR STUDENT HEALTH AND COUNSELING CENTER OFFERS A FULL RANGE OF CLINICAL SERVICES ACCESSIBLE TO ALL OF OUR STUDENTS. CAREER SERVICES FACILITATES THE PROCESS OF CAREER PLANNING AND HOSTS OPPORTUNITIES FOR STUDENTS TO EXPLORE CAREER OPPORTUNITIES (I.E. CAREER FAIR, NETWORKING EVENTS). STUDENT LIFE ENGAGES STUDENT LEADERS THROUGH A PROGRAM DESIGNED TO HELP STUDENTS DEVELOP LEADERSHIP SKILLS WHILE AT THE UNIVERSITY AND BEYOND. ACADEMIC ADVISING SUPPORTS STUDENT SUCCESS THROUGH AN INTENTIONAL ADVISING MODEL THAT FOCUSES ON DEVELOPING STUDENT HOLISTICALLY. | Desc |
Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $15,151,482 | ExpenseAmt |
| Grant | $0 | GrantAmt |
| Revenue | $0 | RevenueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Prog Srvc Expense | $15,151,482 | TotalOtherProgSrvcExpenseAmt |
| Total Program Service Expenses | $97,726,355 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | Yes (1) | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | Yes (1) | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | 0 | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | 0 | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (1) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | Yes (1) | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (1) | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | Yes (1) | TaxExemptBondsInd |
| Invest Tax Exempt Bonds | 0 | InvestTaxExemptBondsInd |
| Escrow Account | 0 | EscrowAccountInd |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuerInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | Yes (1) | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | Yes (1) | DisregardedEntityInd |
| Related Entity | 0 | RelatedEntityInd |
| Related Organization Ctrl Ent | Yes (1) | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | 0 | TransactionWithControlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 191 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 2117 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (1) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (1) | Form990TFiledInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 14 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 14 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | Yes (1) | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | PA | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | APRIL P LEE | PersonNm |
| Phone | 6106601329 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 5600 CITY AVENUE | AddressLine1Txt |
| City | PHILADELPHIA | CityNm |
| State Abbreviation | PA | StateAbbreviationCd |
| ZIP | 19131 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (31 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | OfficerOfficerInd | Key EmployeeKeyEmployeeInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|---|---|
| ED MERCADANTE | |||||||||
| BOARD MEMBER | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| CEDRIC H JONES | |||||||||
| BOARD MEMBER | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| ROBIN L KEYACK | |||||||||
| BOARD MEMBER | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| MICHAEL J SOFIA | |||||||||
| BOARD MEMBER | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| SAM WETHERILL | |||||||||
| BOARD MEMBER | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| ROSE MARY B HOY | |||||||||
| BOARD MEMBER | 3.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| JAY BORNEMAN | |||||||||
| BOARD MEMBER | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| MICHAEL C HEMSLEY | |||||||||
| BOARD MEMBER | 3.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| CARLA HENDRICKS | |||||||||
| BOARD MEMBER | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| RICHARD HOWARD | |||||||||
| BOARD MEMBER | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| JAMES J RIVARD | |||||||||
| BOARD MEMBER | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| EJ JOHNSON | |||||||||
| BOARD MEMBER | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| LOUIS J LUPO | |||||||||
| BOARD MEMBER | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| JOSEPH F RITCHIE | |||||||||
| BOARD MEMBER | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| VALERIE WEIL | |||||||||
| PRESIDENT | 40.00 | 0.00 | $430,243 | $0 | $44,500 | Yes (X) | |||
| PAUL KATZ | |||||||||
| PRESIDENT (THRU 7/21) | 40.00 | 0.00 | $369,736 | $0 | $38,287 | Yes (X) | |||
| JILL BAREN | |||||||||
| PROVOST & VP OF ACADEMIC AFFAIRS | 40.00 | 0.00 | $343,047 | $0 | $27,603 | Yes (X) | |||
| RONALD KISHEN | |||||||||
| VP, UNSCIENCES ONLINE | 40.00 | 0.00 | $281,955 | $0 | $43,772 | Yes (X) | |||
| ODESSA JACKSON | |||||||||
| GEN. COUNSEL, SEC, CCO (THRU 3/22) | 40.00 | 0.00 | $281,661 | $0 | $32,435 | Yes (X) | |||
| PATRICIA VANSTON | |||||||||
| VP BUS DEV.& ENROLL. MGMT | 40.00 | 0.00 | $265,517 | $0 | $23,467 | Yes (X) | |||
| BRIGID ISACKMAN | |||||||||
| INTERIM CHIEF, FINANCIAL & OPERATING OFFICER | 40.00 | 0.00 | $200,928 | $0 | $34,278 | Yes (X) | |||
| ROBERT RUDD | |||||||||
| VP INST. ADVANCEMENT (THRU 5/22) | 40.00 | 0.00 | $237,727 | $0 | $36,292 | Yes (X) | |||
| EDWARD FOOTE | |||||||||
| DEAN OF PHARMACY | 40.00 | 0.00 | $258,127 | $0 | $40,484 | Yes (X) | |||
| SINCLAIR SMITH | |||||||||
| DEAN, SAMSON COLLEGE OF HEALTH SCI. | 40.00 | 0.00 | $197,356 | $0 | $22,506 | Yes (X) | |||
| MARK NESTOR | |||||||||
| ASSOCIATE VP, CIO | 40.00 | 0.00 | $169,466 | $0 | $30,888 | Yes (X) | |||
| NATHAN BAIRD | |||||||||
| INTERIM DEAN, MCAS | 40.00 | 0.00 | $162,848 | $0 | $30,507 | Yes (X) | |||
| CATHY POON | |||||||||
| CHAIR OF PHARM PRACTICE | 40.00 | 0.00 | $212,663 | $0 | $24,940 | Yes (X) | |||
| ANDREW PETERSON | |||||||||
| EXECUTIVE DIRECTOR SUDI | 40.00 | 0.00 | $206,667 | $0 | $36,233 | Yes (X) | |||
| PARDEEP GUPTA | |||||||||
| PROFESSOR | 40.00 | 0.00 | $180,269 | $0 | $32,006 | Yes (X) | |||
| ADEBOYE ADEJARE | |||||||||
| PROFESSOR OF PHARMACEUTICAL SCIENCES | 40.00 | 0.00 | $168,782 | $0 | $21,128 | Yes (X) | |||
| LAURA WAITE | |||||||||
| ASSO. PROF. OF CLINICAL PHARMACY | 40.00 | 0.00 | $163,994 | $0 | $23,700 | Yes (X) | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $4,130,986 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $543,026 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 93 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| SODEXO | |||||
| 9801 WASHINGTONIAN BLVD | GAITHERSBURG | MD | 20878 | DINING SERVICES | $2,310,296 |
| UNIVERSAL PROTECTION SERVICE LP | |||||
| 3606 HORIZON DRIVE | KING OF PRUSSIA | PA | 19406 | SECURITY SERVICES | $1,990,248 |
| WORKDAY INC | |||||
| 6230 STONERIDGE MALL RD | PLEASANTON | CA | 94588 | TECHNOLOGY SERVICES | $1,768,610 |
| ALOYSIUS BUTLER CLARK | |||||
| 819 N WASHINGTON ST | WILMINGTON | DE | 19801 | MARKETING | $1,652,357 |
| ADVANCED FACILITIES SERVICES | |||||
| 12399 S FOXTON RD | CONIFER | CO | 80433 | HOUSEKEEPING | $1,409,147 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 46 | CntrctRcvdGreaterThan100KCnt |
| Government Grants | $5,833,459 | GovernmentGrantsAmt |
| All Other Contributions | $4,310,018 | AllOtherContributionsAmt |
| Total Contributions | $10,143,477 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| TUITION AND FEES | 900099 | $71,952,984 | $71,952,984 |
| AUXILIARY SERVICES | 900099 | $7,422,351 | $7,422,351 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $79,375,335 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $9,164,108 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | $40,329 | UnrelatedBusinessRevenueAmt |
| Exclusion | $9,123,779 | ExclusionAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $112,630 | RealAmt |
| Personal | $26,331 | PersonalAmt |
Less Rental Expenses LessRentalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $110,459 | RealAmt |
| Personal | $0 | PersonalAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $2,171 | RealAmt |
| Personal | $26,331 | PersonalAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $28,502 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | $28,502 | UnrelatedBusinessRevenueAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $9,363,848 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $7,364,398 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $1,999,450 | SecuritiesAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,999,450 | TotalRevenueColumnAmt |
| Exclusion | $1,999,450 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | ExclusionExclusionAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt | Unrelated Business RevenueUnrelatedBusinessRevenueAmt |
|---|---|---|---|---|---|
| W/O OF UNCOLLECTABLE LIABILITIES | 900099 | $1,477,339 | $1,477,339 | ||
| GEISINGER PAYMENT | 900099 | $400,000 | $400,000 | ||
| SALES & SERVICES | 900099 | $321,819 | $76,685 | $245,134 |
Miscellaneous Revenue MiscellaneousRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $111,736 | TotalRevenueColumnAmt |
| Exclusion | $111,736 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $2,310,894 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $103,021,766 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $79,452,020 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $313,965 | UnrelatedBusinessRevenueAmt |
| Exclusion | $13,112,304 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part IX | Yes (X) | InfoInScheduleOPartIXInd |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $17,724,154 | TotalAmt |
| Program Services | $17,724,154 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,130,983 | TotalAmt |
| Program Services | $2,175,706 | ProgramServicesAmt |
| Management And General | $1,717,550 | ManagementAndGeneralAmt |
| Fundraising | $237,727 | FundraisingAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $38,508,050 | TotalAmt |
| Program Services | $34,231,790 | ProgramServicesAmt |
| Management And General | $3,903,165 | ManagementAndGeneralAmt |
| Fundraising | $373,095 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,568,167 | TotalAmt |
| Program Services | $2,192,839 | ProgramServicesAmt |
| Management And General | $338,538 | ManagementAndGeneralAmt |
| Fundraising | $36,790 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,454,495 | TotalAmt |
| Program Services | $1,535,374 | ProgramServicesAmt |
| Management And General | $868,928 | ManagementAndGeneralAmt |
| Fundraising | $50,193 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,137,385 | TotalAmt |
| Program Services | $2,719,872 | ProgramServicesAmt |
| Management And General | $376,588 | ManagementAndGeneralAmt |
| Fundraising | $40,925 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,308,741 | TotalAmt |
| Program Services | $296,506 | ProgramServicesAmt |
| Management And General | $1,012,235 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $121,045 | TotalAmt |
| Program Services | $14,200 | ProgramServicesAmt |
| Management And General | $106,845 | ManagementAndGeneralAmt |
Fees For Services Lobbying FeesForServicesLobbyingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $55,000 | TotalAmt |
| Management And General | $55,000 | ManagementAndGeneralAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $358,687 | TotalAmt |
| Program Services | $358,687 | ProgramServicesAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $14,758,442 | TotalAmt |
| Program Services | $10,271,916 | ProgramServicesAmt |
| Management And General | $4,433,586 | ManagementAndGeneralAmt |
| Fundraising | $52,940 | FundraisingAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,114,467 | TotalAmt |
| Program Services | $2,107,216 | ProgramServicesAmt |
| Management And General | $7,251 | ManagementAndGeneralAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,336,503 | TotalAmt |
| Program Services | $1,204,474 | ProgramServicesAmt |
| Management And General | $109,350 | ManagementAndGeneralAmt |
| Fundraising | $22,679 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $800,659 | TotalAmt |
| Program Services | $627,596 | ProgramServicesAmt |
| Management And General | $168,091 | ManagementAndGeneralAmt |
| Fundraising | $4,972 | FundraisingAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,664,432 | TotalAmt |
| Program Services | $2,208,332 | ProgramServicesAmt |
| Management And General | $455,870 | ManagementAndGeneralAmt |
| Fundraising | $230 | FundraisingAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $392,030 | TotalAmt |
| Program Services | $364,944 | ProgramServicesAmt |
| Management And General | $26,193 | ManagementAndGeneralAmt |
| Fundraising | $893 | FundraisingAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $99,054 | TotalAmt |
| Program Services | $94,324 | ProgramServicesAmt |
| Management And General | $3,333 | ManagementAndGeneralAmt |
| Fundraising | $1,397 | FundraisingAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,951,919 | TotalAmt |
| Program Services | $5,130,772 | ProgramServicesAmt |
| Management And General | $1,821,147 | ManagementAndGeneralAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $9,343,361 | TotalAmt |
| Program Services | $6,124,049 | ProgramServicesAmt |
| Management And General | $3,219,312 | ManagementAndGeneralAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $505,332 | TotalAmt |
| Program Services | $14,192 | ProgramServicesAmt |
| Management And General | $491,140 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (3 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| LIBRARY AND PERIODICALS | $1,071,821 | $1,071,821 | $0 | $0 |
| EQUIPMENT | $1,061,535 | $1,014,862 | $46,673 | $0 |
| PRINTING AND DUPL | $119,729 | $97,596 | $0 | $22,133 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $11,707,922 | TotalAmt |
| Program Services | $6,145,133 | ProgramServicesAmt |
| Management And General | $5,501,800 | ManagementAndGeneralAmt |
| Fundraising | $60,989 | FundraisingAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $123,293,913 | TotalAmt |
| Program Services | $97,726,355 | ProgramServicesAmt |
| Management And General | $24,662,595 | ManagementAndGeneralAmt |
| Fundraising | $904,963 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $24,933,902 | BOYAmt |
| EOY | $0 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $109,469 | BOYAmt |
| EOY | $0 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $11,184,880 | BOYAmt |
| EOY | $0 | EOYAmt |
Receivables From Officers Etc ReceivablesFromOfficersEtcGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Rcvbl From Disqualified Prsn RcvblFromDisqualifiedPrsnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,261,940 | BOYAmt |
| EOY | $0 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,383,949 | BOYAmt |
| EOY | $0 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $0 | LandBldgEquipCostOrOtherBssAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $194,745,553 | BOYAmt |
| EOY | $0 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $128,530,524 | BOYAmt |
| EOY | $0 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $41,720,156 | BOYAmt |
| EOY | $0 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Intangible Assets IntangibleAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $406,870,373 | BOYAmt |
| EOY | $0 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $9,110,518 | BOYAmt |
| EOY | $0 | EOYAmt |
Grants Payable GrantsPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,181,996 | BOYAmt |
| EOY | $0 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,566,439 | BOYAmt |
| EOY | $0 | EOYAmt |
Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $176,406,429 | BOYAmt |
| EOY | $0 | EOYAmt |
Escrow Account Liability EscrowAccountLiabilityGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Loans From Officers Directors LoansFromOfficersDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,079,563 | BOYAmt |
| EOY | $0 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $195,344,945 | BOYAmt |
| EOY | $0 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $136,365,543 | BOYAmt |
| EOY | $0 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $75,159,885 | BOYAmt |
| EOY | $0 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $211,525,428 | BOYAmt |
| EOY | $0 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $406,870,373 | BOYAmt |
| EOY | $0 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | -$20,272,147 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | -$17,925,699 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | -$173,327,582 | OtherChangesInNetAssetsAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | Yes (1) | FederalGrantAuditRequiredInd |
| Federal Grant Audit Performed | Yes (1) | FederalGrantAuditPerformedInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School | Yes (X) | SchoolInd |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule C IRS990ScheduleC
| Field | Value | IRS element (for citing) |
|---|---|---|
| Volunteers | 0 | VolunteersInd |
| Paid Staff Or Management | 0 | PaidStaffOrManagementInd |
| Media Advertisements | 0 | MediaAdvertisementsInd |
| Mailings Members | 0 | MailingsMembersInd |
| Publications Or Broadcast | 0 | PublicationsOrBroadcastInd |
| Grants Other Organizations | 0 | GrantsOtherOrganizationsInd |
| Direct Contact Legislators | Yes (1) | DirectContactLegislatorsInd |
| Direct Contact Legislators | $55,000 | DirectContactLegislatorsAmt |
| Rallies Demonstrations | 0 | RalliesDemonstrationsInd |
| Other Activities | 0 | OtherActivitiesInd |
| Total Lobbying Expenditures | $55,000 | TotalLobbyingExpendituresAmt |
| Not Described Section501c3 | 0 | NotDescribedSection501c3Ind |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART II-B, LINE 1D | FormAndLineReferenceDesc |
| Explanation | THE UNIVERSITY PAYS A THIRD PARTY LOBBYING FIRM TO MEET WITH STATE OFFICIALS AND PROCURE GRANT FUNDING. | ExplanationTxt |
Schedule D IRS990ScheduleD
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $164,885,128 | BeginningYearBalanceAmt |
| Contributions | $304,484 | ContributionsAmt |
| Investment Earnings Or Losses | -$7,534,907 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $9,000,000 | GrantsOrScholarshipsAmt |
| Administrative Expenses | $67,578 | AdministrativeExpensesAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $145,646,092 | BeginningYearBalanceAmt |
| Contributions | $338,858 | ContributionsAmt |
| Investment Earnings Or Losses | $38,900,103 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $9,130,000 | GrantsOrScholarshipsAmt |
| Administrative Expenses | $10,869,925 | AdministrativeExpensesAmt |
| End Year Balance | $164,885,128 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $162,149,152 | BeginningYearBalanceAmt |
| Contributions | $139,207 | ContributionsAmt |
| Investment Earnings Or Losses | $2,326,433 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $9,000,000 | GrantsOrScholarshipsAmt |
| Administrative Expenses | $9,968,700 | AdministrativeExpensesAmt |
| End Year Balance | $145,646,092 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $171,782,269 | BeginningYearBalanceAmt |
| Contributions | $256,935 | ContributionsAmt |
| Investment Earnings Or Losses | $7,118,914 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $9,000,000 | GrantsOrScholarshipsAmt |
| Administrative Expenses | $8,008,966 | AdministrativeExpensesAmt |
| End Year Balance | $162,149,152 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $167,785,865 | BeginningYearBalanceAmt |
| Contributions | $292,027 | ContributionsAmt |
| Investment Earnings Or Losses | $12,705,231 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $9,000,000 | GrantsOrScholarshipsAmt |
| Administrative Expenses | $854 | AdministrativeExpensesAmt |
| End Year Balance | $171,782,269 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Endowments Held Unrelated Org | Yes (1) | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | 0 | EndowmentsHeldRelatedOrgInd |
| Total Book Value Land Buildings | $0 | TotalBookValueLandBuildingsAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $67,533,089 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | -$17,925,699 | NetUnrealizedGainsInvstAmt |
| Revenue Not Reported | -$17,925,699 | RevenueNotReportedAmt |
| Revenue Subtotal | $85,458,788 | RevenueSubtotalAmt |
| Other Revenues Not Included | $17,562,978 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | $17,562,978 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $103,021,766 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $104,120,373 | TotExpnsEtcAuditedFinclStmtAmt |
| Other Expenses Included | $110,459 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $110,459 | ExpensesNotReportedAmt |
| Expenses Subtotal | $104,009,914 | ExpensesSubtotalAmt |
| Other Expenses Not Included | $19,283,999 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $19,283,999 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $123,293,913 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (5 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART V, LINE 4: | THE UNIVERSITY'S ENDOWMENT IS INTENDED TO PROVIDE BOTH A SOURCE OF OPERATING FUNDS AS WELL AS LONG-TERM FINANCIAL STABILITY FOR THE UNIVERSITY. AS A RESULT OF THE MERGER AND DISSOLUTION OF THE ORGANIZATION, ALL ENDOWMENT ASSETS WERE TRANSFERRED TO ST. JOSEPH'S UNIVERSITY IN ACCORDANCE WITH THE PLAN FOR DISSOLUTION. |
| PART X, LINE 2: | THE UNIVERSITY HAS PROCESSES PRESENTLY IN PLACE TO ENSURE THE MAINTENANCE OF ITS TAX-EXEMPT STATUS; TO IDENTIFY AND REPORT UNRELATED INCOME; TO DETERMINE ITS FILING AND TAX OBLIGATIONS IN JURISDICTIONS FOR WHICH IT HAS NEXUS; AND TO IDENTIFY AND EVALUATE OTHER MATTERS THAT MAY BE CONSIDERED TAX POSITIONS. THE UNIVERSITY HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. |
| PART XI, LINE 4B - OTHER ADJUSTMENTS: | RECLASS OF EXPENSES - RENT -110,459. RECLASS OF ANNUITY ADJUSTMENT -50,717. RECLASS OF SCHOLARSHIPS 17,724,154. |
| PART XII, LINE 2D - OTHER ADJUSTMENTS: | RECLASS OF EXPENSES - RENT 110,459. |
| PART XII, LINE 4B - OTHER ADJUSTMENTS: | SCHOLARSHIPS 17,724,154. ANNUITY ADJUSTMENT -50,717. TRANSACTION COST 1,610,562. |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | Yes (1) | NondiscriminatoryPolicyStmtInd |
| Policy Stmt In Brochures Etc | Yes (1) | PolicyStmtInBrochuresEtcInd |
| Plcy Pblczd Via Broadcast Media | Yes (1) | PlcyPblczdViaBroadcastMediaInd |
| Maintain Racial Comp Recs | Yes (1) | MaintainRacialCompRecsInd |
| Maintain Scholarships Recs | Yes (1) | MaintainScholarshipsRecsInd |
| Maintain Cpy Of Brochures Etc | Yes (1) | MaintainCpyOfBrochuresEtcInd |
| Maintain Cpy Of All Sol | Yes (1) | MaintainCpyOfAllSolInd |
| Discriminate Race Stdnts Rghts | 0 | DiscriminateRaceStdntsRghtsInd |
| Discriminate Race Admiss Plcy | 0 | DiscriminateRaceAdmissPlcyInd |
| Discriminate Race Emplm Fculty | 0 | DiscriminateRaceEmplmFcultyInd |
| Discriminate Race Schs | 0 | DiscriminateRaceSchsInd |
| Discriminate Race Educ Plcy | 0 | DiscriminateRaceEducPlcyInd |
| Discriminate Race Use Of Fclts | 0 | DiscriminateRaceUseOfFcltsInd |
| Discriminate Race Athlt Prog | 0 | DiscriminateRaceAthltProgInd |
| Discriminate Race Other Acty | 0 | DiscriminateRaceOtherActyInd |
| Government Financial Aid Rcvd | Yes (1) | GovernmentFinancialAidRcvdInd |
| Government Financial Aid Rvkd | 0 | GovernmentFinancialAidRvkdInd |
| Compliance With Rev Proc7550 | Yes (1) | ComplianceWithRevProc7550Ind |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| SCHEDULE E, PART I, LINE 3 | AN AFFIRMATIVE ACTION STATEMENT IS CONTAINED IN ALL ADMISSIONS MATERIALS AND IN THE UNIVERSITY CATALOG. THE UNIVERSITY CATALOG IS AVAILABLE ON THE UNIVERSITY WEBSITE. BEFORE ITS MERGER WITH SAINT JOSEPH'S UNIVERSITY, THE UNIVERSITY'S AFFIRMATIVE ACTION STATEMENT WAS INCLUDED ON THE UNIVERSITY'S WEBSITE. |
| SCHEDULE E, PART I, LINE 6 | THE UNIVERSITY OF THE SCIENCES IN PHILADELPHIA RECEIVED $5,833,459 IN GOVERNMENT GRANTS FOR THE YEAR ENDED MAY 31, 2022. |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Type | INSTITUTIONAL SCHOLARSHIP AWARD | GrantTypeTxt |
| Recipient | 2300 | RecipientCnt |
| Cash Grant | $17,724,154 | CashGrantAmt |
| Non Cash Assistance | $0 | NonCashAssistanceAmt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 2 | FormAndLineReferenceDesc |
| Explanation | THE UNIVERSITY GRANT POLICY IS CONTAINED IN ALL ADMISSIONS MATERIAL, IN THE UNIVERSITY CATALOG, AND CAN ALSO BE FOUND ON THE UNIVERSITY'S WEBSITE. THE UNIVERSITY USES A MATRIX MODEL TO AWARD MERIT-BASED SCHOLARSHIP AID AT THE TIME A STUDENT IS ADMITTED TO THE UNIVERSITY. THE AMOUNT AWARDED IS BASED ON THE STUDENT'S HIGHEST SAT OR ACT SCORES AND WEIGHTED CUMULATIVE GRADE POINT AVERAGE. ADDITIONAL FINANCIAL AID AWARDS ARE DETERMINED IN CONJUNCTION WITH A STUDENT'S ACADEMIC AND THE FAMILY'S FINANCIAL INFORMATION TO DETERMINE THE EXACT SIZE AND COMPOSITION OF THE FINAL FINANCIAL AID PACKAGES. THE TYPICAL FINANCIAL AID PACKAGE CONSISTS OF SCHOLARSHIPS, GRANTS, LOANS, AND AN OPPORTUNITY TO PARTICIPATE IN A WORK STUDY PROGRAM WHICH SUPPLEMENTS EACH FAMILY'S CONTRIBUTION TO THE TOTAL COST OF EDUCATION. THE AWARDS ARE DETERMINED BASED UPON THE RESULTS OF THE FREE APPLICATION FOR FEDERAL STUDENT AID (FAFSA) CONTAINING INFORMATION PROVIDED BY THE STUDENT AND PARENTS. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | Yes (1) | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (17 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| VALERIE WEIL | ||||||||||||||
| PRESIDENT | $429,613 | $0 | $0 | $0 | $630 | $0 | $23,200 | $0 | $21,300 | $0 | $474,743 | $0 | $0 | $0 |
| PAUL KATZ | ||||||||||||||
| PRESIDENT (THRU 7/21) | $313,184 | $0 | $56,100 | $0 | $452 | $0 | $23,200 | $0 | $15,087 | $0 | $408,023 | $0 | $0 | $0 |
| JILL BAREN | ||||||||||||||
| PROVOST & VP OF ACADEMIC AFFAIRS | $304,027 | $0 | $30,600 | $0 | $8,420 | $0 | $23,200 | $0 | $4,403 | $0 | $370,650 | $0 | $0 | $0 |
| RONALD KISHEN | ||||||||||||||
| VP, UNSCIENCES ONLINE | $281,955 | $0 | $0 | $0 | $0 | $0 | $22,659 | $0 | $21,113 | $0 | $325,727 | $0 | $0 | $0 |
| ODESSA JACKSON | ||||||||||||||
| GEN. COUNSEL, SEC, CCO (THRU 3/22) | $280,821 | $0 | $0 | $0 | $840 | $0 | $22,593 | $0 | $9,842 | $0 | $314,096 | $0 | $0 | $0 |
| EDWARD FOOTE | ||||||||||||||
| DEAN OF PHARMACY | $258,127 | $0 | $0 | $0 | $0 | $0 | $21,011 | $0 | $19,473 | $0 | $298,611 | $0 | $0 | $0 |
| PATRICIA VANSTON | ||||||||||||||
| VP BUS DEV.& ENROLL. MGMT | $265,097 | $0 | $0 | $0 | $420 | $0 | $21,011 | $0 | $2,456 | $0 | $288,984 | $0 | $0 | $0 |
| ROBERT RUDD | ||||||||||||||
| VP INST. ADVANCEMENT (THRU 5/22) | $237,307 | $0 | $0 | $0 | $420 | $0 | $18,910 | $0 | $17,382 | $0 | $274,019 | $0 | $0 | $0 |
| ANDREW PETERSON | ||||||||||||||
| EXECUTIVE DIRECTOR SUDI | $176,474 | $0 | $0 | $0 | $30,193 | $0 | $17,257 | $0 | $18,976 | $0 | $242,900 | $0 | $0 | $0 |
| CATHY POON | ||||||||||||||
| CHAIR OF PHARM PRACTICE | $143,717 | $0 | $0 | $0 | $68,946 | $0 | $17,216 | $0 | $7,724 | $0 | $237,603 | $0 | $0 | $0 |
| BRIGID ISACKMAN | ||||||||||||||
| INTERIM CHIEF, FINANCIAL & OPERATING | $149,490 | $0 | $2,123 | $0 | $49,315 | $0 | $16,221 | $0 | $18,057 | $0 | $235,206 | $0 | $0 | $0 |
| SINCLAIR SMITH | ||||||||||||||
| DEAN, SAMSON COLLEGE OF HEALTH SCI. | $197,356 | $0 | $0 | $0 | $0 | $0 | $16,156 | $0 | $6,350 | $0 | $219,862 | $0 | $0 | $0 |
| PARDEEP GUPTA | ||||||||||||||
| PROFESSOR | $128,439 | $0 | $0 | $0 | $51,830 | $0 | $13,153 | $0 | $18,853 | $0 | $212,275 | $0 | $0 | $0 |
| MARK NESTOR | ||||||||||||||
| ASSOCIATE VP, CIO | $158,217 | $0 | $10,829 | $0 | $420 | $0 | $13,116 | $0 | $17,772 | $0 | $200,354 | $0 | $0 | $0 |
| NATHAN BAIRD | ||||||||||||||
| INTERIM DEAN, MCAS | $110,540 | $0 | $0 | $0 | $52,308 | $0 | $13,125 | $0 | $17,382 | $0 | $193,355 | $0 | $0 | $0 |
| ADEBOYE ADEJARE | ||||||||||||||
| PROFESSOR OF PHARMACEUTICAL SCIENCES | $140,777 | $0 | $0 | $0 | $28,005 | $0 | $13,525 | $0 | $7,603 | $0 | $189,910 | $0 | $0 | $0 |
| LAURA WAITE | ||||||||||||||
| ASSO. PROF. OF CLINICAL PHARMACY | $114,521 | $0 | $8,357 | $0 | $41,116 | $0 | $13,161 | $0 | $10,539 | $0 | $187,694 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 7 | FormAndLineReferenceDesc |
| Explanation | OFFICERS OR EMPLOYEES MAY RECEIVE BONUS PAYMENTS. BONUS AMOUNTS ARE BASED ON INDIVIDUAL PERFORMANCE AGAINST PREDETERMINED GOALS AND/OR A RECRUITMENT INCENTIVE. | ExplanationTxt |
Schedule K IRS990ScheduleK
Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp (3 entries)
| Bond ReferenceBondReferenceCd | Bond Issuer EINBondIssuerEIN | CUSIPCUSIPNum | Bond IssuedBondIssuedDt | Issue PriceIssuePriceAmt | PurposePurposeDesc | DefeasedDefeasedInd | On Behalf Of IssuerOnBehalfOfIssuerInd | Pool FinancingPoolFinancingInd |
|---|---|---|---|---|---|---|---|---|
| PENNSYLVANIA HIGHER EDUCATION FINANCING AUTHORITY | ||||||||
| A | 232243852 | 70917RQY2 | 2012-09-12 | $31,000,000 | IPEX BUILDING | 0 | 0 | 0 |
| PENNSYLVANIA HIGHER EDUCATION FINANCING AUTHORITY | ||||||||
| B | 232243852 | 70917RQY2 | 2015-02-20 | $83,760,000 | REDEEM 2005 AND 2008 BONDS | 0 | 0 | 0 |
| PHILA AUTHORITY FOR INDUSTRIAL DEVELOPMENT | ||||||||
| C | 232237287 | 71781XCY7 | 2017-04-26 | $62,280,000 | U1/U2 RESIDENTIAL HOUSING PROJECT | 0 | 0 | 0 |
Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp (3 entries)
| Bond ReferenceBondReferenceCd | Total ProceedsTotalProceedsAmt | Issuance Costs From ProceedsIssuanceCostsFromProceedsAmt | Capital ExpendituresCapitalExpendituresAmt | Substantial CompletionSubstantialCompletionYr | Refunding Tax Exempt BondsRefundingTaxExemptBondsInd | Refunding Taxable BondsRefundingTaxableBondsInd | Final Allocation MadeFinalAllocationMadeInd | Adequate Books And Rec MaintAdequateBooksAndRecMaintInd |
|---|---|---|---|---|---|---|---|---|
| A | $31,000,000 | $413,773 | $31,000,000 | 2014 | 0 | 0 | Yes (1) | Yes (1) |
| B | $83,760,000 | $838,359 | 2015 | Yes (1) | Yes (1) | Yes (1) | Yes (1) | |
| C | $66,716,062 | $854,978 | $65,861,084 | 2019 | 0 | 0 | 0 | Yes (1) |
Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp (3 entries)
| Bond ReferenceBondReferenceCd | Owning Bond Financed PropertyOwningBondFinancedPropertyInd | Any Lease ArrangementsAnyLeaseArrangementsInd | Mgmt Contract Bond Fincd PropMgmtContractBondFincdPropInd | Any Research AgreementsAnyResearchAgreementsInd | Bond Iss Meet Prvt Sec Pymt TestBondIssMeetPrvtSecPymtTestInd | Change In Use Bond Financed PropChangeInUseBondFinancedPropInd | Procs Nonqualified Bond RemdtdProcsNonqualifiedBondRemdtdInd | Private Bus Use By OthersPrivateBusUseByOthersPct | Total Private Business UseTotalPrivateBusinessUsePct | Private Bus Concerning UBIPrivateBusConcerningUBIPct |
|---|---|---|---|---|---|---|---|---|---|---|
| A | 0 | 0 | 0 | 0 | 0 | 0 | Yes (1) | |||
| B | 0 | Yes (1) | 0 | 0 | 0 | 0 | Yes (1) | 0.00920 | 0.00920 | |
| C | 0 | Yes (1) | 0 | 0 | 0 | 0 | Yes (1) | 0.00880 | 0.01760 | 0.00880 |
Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp (3 entries)
| Bond ReferenceBondReferenceCd | Form8038 T FiledForm8038TFiledInd | Rebate Not Due YetRebateNotDueYetInd | Exception To RebateExceptionToRebateInd | No Rebate DueNoRebateDueInd | Variable Rate IssueVariableRateIssueInd | Hedge Identified In Bks And RecHedgeIdentifiedInBksAndRecInd | Gross Proceeds Invested In GICGrossProceedsInvestedInGICInd | Gross Proceeds InvestedGrossProceedsInvestedInd | Written Proc To Monitor ReqsWrittenProcToMonitorReqsInd |
|---|---|---|---|---|---|---|---|---|---|
| A | 0 | 0 | 0 | Yes (1) | 0 | 0 | 0 | 0 | Yes (1) |
| B | 0 | 0 | 0 | Yes (1) | 0 | 0 | 0 | 0 | Yes (1) |
| C | 0 | 0 | 0 | Yes (1) | 0 | 0 | 0 | 0 | Yes (1) |
Procedures Corrective Action ProceduresCorrectiveActionGrp (3 entries)
| Bond ReferenceBondReferenceCd | Procedures Corrective ActionProceduresCorrectiveActionInd |
|---|---|
| A | Yes (1) |
| B | Yes (1) |
| C | Yes (1) |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE K SUPPLENTAL INFORMATION | FormAndLineReferenceDesc |
| Explanation | FINAL REBATE CALCULATION FOR THE BOND ISSUE DESCRIBED IN A (DATED DATE 09/12/12) WAS PERFORMED ON JULY 27, 2015. FINAL REBATE CALCULATION FOR THE BOND ISSUE DESCRIBED IN B (DATED DATE 02/20/15) WAS PERFORMED ON DECEMBER 6, 2018. FINAL REBATE CALCULATION FOR THE BOND ISSUE DESCRIBED IN C (DATED DATE 04/26/17) WAS PERFORMED ON NOVEMBER 4, 2021. | ExplanationTxt |
Schedule N IRS990ScheduleN
Liquidation Of Assets Table LiquidationOfAssetsTableGrp
Liquidation Of Assets Detail LiquidationOfAssetsDetail (8 entries)
| Assets Distri Or Expnss PaidAssetsDistriOrExpnssPaidDesc | DistributionDistributionDt | Fair Market Value Of AssetFairMarketValueOfAssetAmt | Method Of FMV DeterminationMethodOfFMVDeterminationTxt | EINEIN | Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | IRC SectionIRCSectionTxt |
|---|---|---|---|---|---|---|---|---|---|
| SAINT JOSEPH'S UNIVERSITY | |||||||||
| SAVINGS AND TEMPORARY CASH INVESTMENTS | 2022-05-31 | $12,343,641 | FMV | 231352674 | 5600 CITY AVENUE | PHILADELPHIA | PA | 19131 | 501(C)(3) |
| SAINT JOSEPH'S UNIVERSITY | |||||||||
| PLEDGES AND GRANTS RECIEVABLE | 2022-05-31 | $56,972 | FMV | 231352674 | 5600 CITY AVENUE | PHILADELPHIA | PA | 19131 | 501(C)(3) |
| SAINT JOSEPH'S UNIVERSITY | |||||||||
| ACCOUNTS RECIEVABLE | 2022-05-31 | $13,724,819 | FMV | 231352674 | 5600 CITY AVENUE | PHILADELPHIA | PA | 19131 | 501(C)(3) |
| SAINT JOSEPH'S UNIVERSITY | |||||||||
| NOTES AND LOANS RECIEVABLE | 2022-05-31 | $3,227,801 | FMV | 231352674 | 5600 CITY AVENUE | PHILADELPHIA | PA | 19131 | 501(C)(3) |
| SAINT JOSEPH'S UNIVERSITY | |||||||||
| PREPAID EXPENSES AND DEFERRED CHARGES | 2022-05-31 | $2,059,860 | FMV | 231352674 | 5600 CITY AVENUE | PHILADELPHIA | PA | 19131 | 501(C)(3) |
| SAINT JOSEPH'S UNIVERSITY | |||||||||
| LAND, BUILDINGS, AND EQUIPMENT | 2022-05-31 | $185,974,932 | FMV | 231352674 | 5600 CITY AVENUE | PHILADELPHIA | PA | 19131 | 501(C)(3) |
| SAINT JOSEPH'S UNIVERSITY | |||||||||
| INVESTMENTS - PUBLICLY TRADED SECURITIES | 2022-05-31 | $121,292,527 | FMV | 231352674 | 5600 CITY AVENUE | PHILADELPHIA | PA | 19131 | 501(C)(3) |
| SAINT JOSEPH'S UNIVERSITY | |||||||||
| INVESTMENTS - OTHER SECURITIES | 2022-05-31 | $28,229,503 | FMV | 231352674 | 5600 CITY AVENUE | PHILADELPHIA | PA | 19131 | 501(C)(3) |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Director Of Successor | Yes (1) | DirectorOfSuccessorInd |
| Employee Of Successor | Yes (1) | EmployeeOfSuccessorInd |
| Owner Of Successor | 0 | OwnerOfSuccessorInd |
| Receive Compensation | 0 | ReceiveCompensationInd |
| Assets Distributed | Yes (1) | AssetsDistributedInd |
| Required To Notify AG | Yes (1) | RequiredToNotifyAGInd |
| Attorney General Notified | Yes (1) | AttorneyGeneralNotifiedInd |
| Liabilities Paid | Yes (1) | LiabilitiesPaidInd |
| Bonds Outstanding | Yes (1) | BondsOutstandingInd |
| Bond Liabilities Discharged | 0 | BondLiabilitiesDischargedInd |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART I, LINE 2E: | EXPLANATION OF INVOLVEMENT: FORMER DIRECTORS OF UNIVERSITY OF THE SCIENCES - JAY BORNEMAN, ED MERCADANTE, MICHAEL HEMSELY, AND MICHAEL SOFIA BECAME TRUSTEES AT SAINT JOSEPH'S UNIVERSITY FOLLOWING THE MERGER OF THE ORGANIZATIONS. FORMER OFFICER - BRIGID ISACKMAN BECAME A INDEPENDENT CONTRACTOR AT SAINT JOESPH'S UNIVERSITY FOLLOWING THE MERGER OF THE ORGANIZATIONS.FORMER KEY EMPLOYEES - EDWARD FOOTE, SINCLAIR SMITH, AND NATHAN BAIRD BECAME EMPLOYEES AT SAINT JOSEPH'S UNIVERSITY FOLLOWING THE MERGER OF THE ORGANIZATIONS. |
| PART I, LINE 6C: | EFFECTIVE JUNE 1, 2022, UNIVERSITY OF THE SCIENCES MERGED WITH SAINT JOSEPH'S UNIVERSITY. SAINT JOSEPH'S UNIVERSITY IS THE SURVIVING ENTITY AND ASSUMED ALL ASSETS AND LIABILITIES OF UNIVERSITY OF THE SCIENCES. THIS INCLUDES THE TAX EXEMPT BONDS REPORTED ON UNIVERSITY OF THE SCIENCES' SCHEDULE K: CUSIP #S 70917RQY2 AND 71781XCY7. |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (9 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART III, LINE 3 | EFFECTIVE JUNE 1, 2022 UNIVERSITY OF THE SCIENCES MERGED WITH SAINT JOSEPH'S UNIVERSITY. UNIVERSITY OF THE SCIENCES DID NOT SURVIVE AS A RESULT OF THE MERGER. AT THE TIME OF MERGER, SAINT JOSEPH'S UNIVERSITY PLANNED TO CONTINUE THE ACADEMIC PROGRAMS PREVIOUSLY OFFERED AT UNIVERSITY OF THE SCIENCES. THE MERGER AGREEMENT STIPULATED THAT STUDENTS OF THE UNIVERSITY OF THE SCIENCES WOULD BE OTHERWISE PROVIDED FOR BY ANOTHER COMPARABLE SAINT JOSEPH'S UNIVERSITY ACADEMIC PROGRAM OR BY ANOTHER UNIVERSITY OR COLLEGE VIA AN AFFILIATION OR ARTICULATION AGREEMENT. |
| FORM 990, PART VI, SECTION A, LINE 4 | EFFECTIVE JUNE 1, 2022 UNIVERSITY OF THE SCIENCES MERGED INTO SAINT JOSEPH'S UNIVERSITY WHEREUPON THE SEPARATE EXISTENCE OF UNIVERSITY OF THE SCIENCES CEASED AND SAINT JOSEPH'S UNIVERSITY BECAME THE SURVIVING CORPORATION. THE ARTICLES OF INCORPORATION OF SAINT JOSEPH'S UNIVERSITY IN EFFECT AT THE TIME OF MERGER SERVE AS THE ARTICLES OF INCORPORATION FOR THE SURVIVING CORPORATION. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE 990 IS PREPARED BY OUTSIDE INDEPENDENT TAX ADVISORS AND IS REVIEWED BY THE UNIVERSITY. THE 990 IS REVIEWED BY THE AUDIT COMMITTEE AND IS MADE AVAILABLE TO THE BOARD OF TRUSTEES PRIOR TO THE FILING DEADLINE. |
| FORM 990, PART VI, SECTION B, LINE 12C | THE BOARD OF TRUSTEES, OFFICERS AND KEY EMPLOYEES OF THE UNIVERSITY, BY VIRTUE OF THEIR OFFICES, HAVE A FIDUCIARY RELATIONSHIP WITH THE UNIVERSITY WHICH REQUIRES THAT THEY ACT IN GOOD FAITH AND WITH FIDELITY TO THE UNIVERSITY'S BEST INTERESTS. THE UNIVERSITY HAS WRITTEN CONFLICT OF INTEREST POLICIES WHICH ARE INTENDED TO PERMIT THE UNIVERSITY AND ITS TRUSTEES, OFFICERS AND OTHER KEY EMPLOYEES TO IDENTIFY, EVALUATE AND ADDRESS ANY CONFLICT OF INTEREST THAT MIGHT CALL INTO QUESTION THIS FIDUCIARY DUTY TO THE UNIVERSITY. EACH TRUSTEE, OFFICER AND KEY EMPLOYEE IS REQUIRED TO REPORT ANY CONFLICTS OF INTEREST TO THE UNIVERSITY AS SOON AS PRACTICAL AFTER THEY BECOME AWARE OF SUCH A CONFLICT. EACH TRUSTEE, OFFICER AND KEY EMPLOYEE SHALL ALSO ANNUALLY COMPLETE A CONFLICT OF INTEREST QUESTIONNAIRE. THE UNIVERSITY MONITORS COMPLIANCE WITH ITS CONFLICT OF INTEREST POLICIES BY REVIEW OF THE ANNUAL CONFLICT OF INTEREST QUESTIONNAIRES BY THE UNIVERSITY SECRETARY. IF CONFLICTS OF INTEREST EXIST FOR OFFICERS AND KEY EMPLOYEES, THE AUDIT AND COMPLIANCE COMMITTEE OF THE BOARD OF TRUSTEES IS NOTIFIED BY THE SECRETARY AND THE COMMITTEE DETERMINES THE CORRECTIVE MEASURE, IF ANY, TO BE TAKEN TO RESOLVE THE CONFLICT, OR WILL IMPOSE APPROPRIATE RESTRICTIONS, IF ANY ON THE PERSON WITH THE CONFLICT. FOR CONFLICTS OF INTEREST INVOLVING THE TRUSTEES, THE AUDIT AND COMPLIANCE COMMITTEE OF THE BOARD OF TRUSTEES WILL BE NOTIFIED OF THE CONFLICT AND DETERMINES THE CORRECTIVE MEASURE, IF ANY, TO BE TAKEN TO RESOLVE THE CONFLICT, OR WILL IMPOSE APPROPRIATE RESTRICTIONS, IF ANY ON THE TRUSTEE WITH THE CONFLICT. THE AUDIT AND COMPLIANCE COMMITTEE OR THE TRUSTEE INVOLVED MAY REFER THE MATTER TO THE FULL BOARD FOR A DETERMINATION AS TO WHETHER A CONFLICT EXISTS. IF A CONFLICT IS FOUND TO EXIST, THE BOARD OF TRUSTEES, EXCLUDING SUCH CONFLICTED PERSON, HAS THE FINAL APPROVAL OF ANY RECOMMENDED CORRECTIVE MEASURES OR IMPOSED RESTRICTIONS. SUCH RESTRICTIONS MAY REQUIRE EXCLUDING CONFLICTED PERSONS FROM DISCUSSION AND APPROVAL OF TRANSACTIONS BENEFITTING THEM, DIRECTLY OR INDIRECTLY. |
| FORM 990, PART VI, SECTION B, LINE 15 | LINE 15A: PURPOSE - TO ESTABLISH THE PARAMETERS REGARDING EXECUTIVE COMPENSATION, WITH THE OBJECTIVE OF PROVIDING TOTAL COMPENSATION TO THE PRESIDENT AND HIS EXECUTIVE LEADERSHIP TEAM WHICH WILL SERVE TO MAINTAIN A COMPETITIVE MARKET POSITION AND RECOGNIZE THE ACHIEVEMENT OF ESTABLISHED FINANCIAL, QUALITY AND STRATEGIC GOALS FOR THE UNIVERSITY AND TO RECOGNIZE INDIVIDUAL PERFORMANCE, CONSISTENT WITH THE LAWS, REGULATIONS AND PRINCIPLES GOVERNING NON-PROFIT COMPENSATION. AS USED HEREIN, "EXECUTIVES" SHALL BE THE PRESIDENT'S EXECUTIVE LEADERSHIP TEAM. PROCEDURE - TO ESTABLISH A LEVEL OF COMPENSATION REQUIRED TO RECRUIT AND RETAIN EXECUTIVES, THE UNIVERSITY SHALL GIVE PRIMARY CONSIDERATION TO DATA ON EXECUTIVE COMPENSATION FOR COMPARABLE POSITIONS. AS A GENERAL RULE, "COMPARABLE POSITIONS" ARE THOSE LIKE POSITIONS WITHIN HIGHER EDUCATION THAT ARE SIMILAR TO THE UNIVERSITY IN TERMS OF REVENUE, NUMBER OF STUDENTS, SIZE OF ENDOWMENT, NUMBER OF EMPLOYEES AND/OR GEOGRAPHIC AREA. THE EXECUTIVE COMMITTEE OF THE UNIVERSITY BOARD OF TRUSTEES (EXECUTIVE COMMITTEE) SHALL APPROVE THE PRESIDENT'S COMPENSATION, INCLUDING WITHOUT LIMITATION, BASE COMPENSATION, INCENTIVE COMPENSATION, DEFERRED COMPENSATION, FRINGE AND OTHER BENEFITS. EACH EXECUTIVE COMMITTEE MEMBER VOTING ON THE PRESIDENT'S COMPENSATION ARRANGEMENT SHALL ENSURE THAT (S)HE HAS NO CONFLICT OF INTEREST, INCLUDING THAT (S)HE (A) DOES NOT ECONOMICALLY BENEFIT FROM PROPOSED EMPLOYEE; (B) DOES NOT RECEIVE COMPENSATION SUBJECT TO THE APPROVAL OF THE PROPOSED EMPLOYEE; AND (C) HAS NO MATERIAL FINANCIAL INTEREST AFFECTED BY THE TRANSACTION. THE DECISIONS OF THE EXECUTIVE COMMITTEE REGARDING THE PRESIDENT'S COMPENSATION AND THE DECISIONS OF THE PRESIDENT REGARDING THE EXECUTIVES COMPENSATION IS TO BE DOCUMENTED. LINE 15B: THE PRESIDENT SHALL APPROVE ALL EXECUTIVE COMPENSATION FOR THE EXECUTIVE LEADERSHIP TEAM, WHICH SHALL INCLUDE ALL COMPENSATION COMPONENTS, INCLUDING WITHOUT LIMITATION, BASE COMPENSATION, INCENTIVE COMPENSATION, DEFERRED COMPENSATION, FRINGE AND OTHER BENEFITS. THE PRESIDENT AND THE EXECUTIVE COMMITTEE SHALL USE COMPARABILITY DATA PROVIDED BY THE UNIVERSITY'S HUMAN RESOURCES DEPARTMENT, WHICH MAY INCLUDE INDUSTRY SURVEYS, EXPERT COMPENSATION STUDIES, DOCUMENTED COMPENSATION OF PERSONS HOLDING SIMILAR POSITIONS, OR OTHER COMPARABLE DATA IN APPROVING ANY COMPENSATION CHANGES. THE PRESIDENT AND THE EXECUTIVE COMMITTEE SHALL PERIODICALLY RETAIN THE SERVICES OF A COMPENSATION CONSULTANT TO PROVIDE AN EXTERNAL ASSESSMENT OF THE UNIVERSITY'S COMPENSATION ANALYSIS. IT SHOULD BE NOTED THAT THIS INFORMATION IS USED TO ARRIVE AT A REASONABLE AND ARM'S LENGTH DETERMINATION OF TOTAL COMPENSATION. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. |
| FORM 990, PART IX, LINE 11G | OUTSIDE CONTRACTORS: PROGRAM SERVICE EXPENSES 10,271,916. MANAGEMENT AND GENERAL EXPENSES 4,433,586. FUNDRAISING EXPENSES 52,940. TOTAL EXPENSES 14,758,442. |
| FORM 990, PART XI, LINE 9: | TRANSACTION COSTS 1,610,562. NET ASSET TRANSFER TO SAINT JOSEPH'S UNIVERSITY UPON JUNE 1, 2022 MERGER -174,938,144. |
| FORM 990, PART XII, LINE 2B | THE FINANCIAL STATEMENTS REFERENCED IN PART XII REFLECT THE FINANCIAL STANDING OF THE ORGANIZATION AS OF MAY 31, 2022. EFFECTIVE JUNE 1, 2022 UNIVERSITY OF THE SCIENCES MERGED WITH AND INTO SAINT JOSEPH'S UNIVERSITY WHEREUPON THE SEPARATE EXISTENCE OF UNIVERSITY OF THE SCIENCES CEASED AND SAINT JOSEPH'S UNIVERSITY BECAME THE SURVIVING ORGANIZATION. FROM AND AFTER THE EFFECTIVE DATE, SAINT JOSEPH'S UNIVERSITY ASSUMED ALL ASSETS AND LIABILITIES OF UNIVERSITY OF THE SCIENCES. THE REPORTING ON THE BALANCE SHEET OF THIS FORM 990 REFLECTS THE UNIVERSITY OF THE SCIENCES' FINANCIAL STANDING ON THE EFFECTIVE DATE OF THE MERGER, JUNE 1, 2022. |
Schedule R IRS990ScheduleR
Id Disregarded Entities IdDisregardedEntitiesGrp (5 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Total IncomeTotalIncomeAmt | End Of Year AssetsEndOfYearAssetsAmt | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt | EINEIN |
|---|---|---|---|---|---|---|---|---|---|
| 4605 CHESTER REALTY LLC | |||||||||
| 600 SOUTH 43RD STREET | PHILADELPHIA | PA | 19104 | INACTIVE | PA | $0 | $0 | USCIENCES | |
| 4107 CHESTER REALTY LLC | |||||||||
| 600 SOUTH 43RD STREET | PHILADELPHIA | PA | 19104 | INACTIVE | PA | $0 | $0 | USCIENCES | |
| 4203 CHESTER REALTY LLC | |||||||||
| 600 SOUTH 43RD STREET | PHILADELPHIA | PA | 19104 | INACTIVE | PA | $0 | $0 | USCIENCES | |
| 4300 CHESTER REALTY LLC | |||||||||
| 600 SOUTH 43RD STREET | PHILADELPHIA | PA | 19104 | INACTIVE | PA | $0 | $0 | USCIENCES | |
| KINGSESSING REALTY LLC | |||||||||
| 600 SOUTH 43RD STREET | PHILADELPHIA | PA | 19104 | REAL ESTATE | PA | $0 | $0 | USCIENCES | 233067213 |