2023-05-10T15:23:42-05:00 2022-06-30 410746749 CLIFTONLARSONALLEN LLP 150 S WARNER ROAD SUITE 310 KING OF PRUSSIA PA 19406 990 2021-07-01 510305893 DELAWARE STATE UNIVERSITY DELA 3028576200 1200 NORTH DUPONT HIGHWAY DOVER DE 19901 ANAS BEN ADDI VP OF FINANCE/CFO 3028576200 2023-05-09 1 ANAS BEN ADDI 999009999 CONNIE M LIRA P00481097 2156433900 2023-05-09 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z ANAS BEN ADDI 1200 NORTH DUPONT HIGHWAY DOVER DE 19901 248805760 0 X WWW.DESU.EDU X 1891 DE DELAWARE STATE UNIVERSITY IS A PUBLIC INSTITUTION THAT OFFERS OPPORTUNITY TO DIVERSE POPULATIONS. 16 15 1718 19 0 0 126708134 135282326 84252855 108004358 635717 423969 1318827 1364201 212915533 245074854 46695778 42119509 0 0 93903646 82678034 0 0 577663 62023848 90993630 202623272 215791173 10292261 29283681 471247109 547430681 552832632 590517991 -81585523 -43087310 X DELAWARE STATE UNIVERSITY IS A PUBLIC, COMPREHENSIVE, 1890 LAND-GRANT INSTITUTION THAT OFFERS ACCESS AND OPPORTUNITY TO DIVERSE POPULATIONS FROM DELAWARE, THE NATION, AND THE WORLD. (CONTINUED ON SCHEDULE O.)BUILDING ON ITS HERITAGE AS A HISTORICALLY BLACK COLLEGE, THE UNIVERSITY PURPOSEFULLY INTEGRATES THE HIGHEST STANDARDS OF EXCELLENCE IN TEACHING, RESEARCH, AND SERVICE IN ITS BACCALAUREATE, MASTER'S AND DOCTORAL PROGRAMS. ITS COMMITMENT TO ADVANCE SCIENCE, TECHNOLOGY, LIBERAL ARTS, AND THE PROFESSIONS PRODUCES CAPABLE AND PRODUCTIVE LEADERS WHO CONTRIBUTE TO THE SUSTAINABILITY AND ECONOMIC DEVELOPMENT OF THE GLOBAL COMMUNITY VISION STATEMENT. AS ONE OF AMERICA'S MOST HIGHLY RESPECTED HISTORICALLY BLACK COLLEGES AND UNIVERSITIES, DELAWARE STATE UNIVERSITY WILL BE RENOWNED FOR A STANDARD OF ACADEMIC EXCELLENCE THAT PREPARES OUR GRADUATES TO BECOME THE FIRST CHOICE OF EMPLOYERS IN A GLOBAL MARKET AND INVIGORATES THE ECONOMY AND THE CULTURE OF DELAWARE AND THE MID-ATLANTIC REGION. 1 0 49776460 0 24537542 AUXILIARY ENTERPRISES: THE SCHOOL UNDERTAKES A NUMBER OF ACTIVITIES TO BENEFIT THE STUDENT BODY, INCLUDING OPERATING HOUSING (DORMITORY) COMPLEXES, A CAFETERIA, CAMPUS BOOK STORE, VENDING MACHINES, AND OTHER INCIDENTALS NECESSARY TO CAMPUS LIFE. THESE ACTIVITIES MIGHT ALSO INCLUDE STUDENT SERVICES, INSTITUTIONAL SUPPORT, ACADEMIC SUPPORT, PUBLIC SERVICE, AND OTHER SERVICES. 45593930 24653022 245203 THE MISSION OF THE OFFICE OF THE ASSOCIATE PROVOST FOR RESEARCH (OAPR) IS "TO PROVIDE THOSE INDIVIDUALS WHO ARE ADMITTED QUALITY RESEARCH OPPORTUNITIES AND EXPERIENCES THAT ARE CONSISTENT WITH THE OVERALL UNIVERSITY COMMITMENT." THE RESEARCH DIVISION IS ALSO RESPONSIBLE FOR MAINTAINING AN INFRASTRUCTURE WITHIN A SUPPORTIVE ENVIRONMENT THAT ENCOURAGES BOTH FACULTY AND STUDENTS TO PRODUCE RESEARCH WITH RESULTS THAT ARE MAKING OUR WORLD BETTER EVERY DAY. PRESTIGIOUS RESEARCH PROJECTS UNDERWAY BY DWU FACULTY MEMBERS SERVE TO ENHANCE DSU'S LAND-GRANT MISSION AND ITS CONTRIBUTIONS TO THE NATION'S RESEARCH EFFORTS. 39990296 17466487 83204660 DELAWARE STATE UNIVERSITY IS A PREEMINENT INSTITUTION OF HIGHER LEARNING THAT PROVIDES A LIBERAL ARTS EDUCATION. SOME STATISTICS ABOUT THE UNIVERSITY, AT A GLANCE: 42 UNDERGRADUATE DEGREE PROGRAMS, 16 MASTER'S DEGREE PROGRAMS, AND 5 DOCTORAL DEGREE PROGRAMS, ACCREDITED BY THE COMMISSION ON HIGHER EDUCATION OF THE MIDDLE STATES, ASSOCIATION OF COLLEGES AND SCHOOLS, AS WELL AS BY SEVEN SPECIALIZED ACADEMIC ACCREDITING AGENCIES. WILLIAM C. JASON LIBRARY INCLUDES A COLLECTION OF 274,014 PRINTED VOLUMES, 103 ELECTRONIC DATABASES, 29,992 ELECTRONIC JOURNALS, 332,340 ELECTRONIC BOOKS, ACCESS TO 9,167 STREAMING MEDIA CONTENT, AND A TOTAL HOLDING OF 636,449 PUBLICATIONS. (CONTINUED ON SCHEDULE O.)FACULTY PROFILE - 229 FACULTY MEMBERS WITHIN 17 ACADEMICS DEPARTMENTS. 195 FACULTY MEMBERS POSSESS A PHD OR A TERMINAL DEGREE (TERMINAL MASTER'S OF FLIGHT CAPTAIN). STUDENT-TO-FACULTY RATIO IS 16:1. TOTAL ENROLLMENT 5,649, 79% FULL-TIME, 21% PART-TIME; 55% LIVE ON CAMPUS, 45% COMMUTE; 52% IN THE FOLLOWING PROGRAMS: COMMUNICATION, JOURNALISM AND RELATED PROGRAMS, PSYCHOLOGY/SOCIAL SCIENCES. 135360686 1 1 0 0 0 0 0 1 0 1 1 0 0 1 1 1 0 1 1 0 0 0 0 0 0 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 4647 0 1718 1 0 0 0 0 0 0 0 0 0 0 0 0 X 16 15 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 1 0 0 DE X ANAS BEN ADDI 3028576200 1200 NORTH DUPONT HIGHWAY DOVER DE 19901 ANTOINE ALLEN PRESIDENT 60.00 0.00 X X 585753 0 153903 SAUNDRA DELAUDER PROVOST AND CHIEF ACADEMIC OFFICER 60.00 0.00 X 261663 0 84219 CLEON CAULEY CHIEF OPERATING OFFICER 60.00 0.00 X 259525 0 76495 ANTONIO BOYLE VP FOR STRATEGIC ENROLLMENT 60.00 0.00 X 235057 0 71529 IRENE CHAPMAN-HAWKINS VP FOR HUMAN RESOURCES 60.00 0.00 X 228074 0 80388 MICHAEL CASSON PROFESSOR 60.00 0.00 X 218045 0 1350 LAKRESHA MOULTRIE LEGAL 60.00 0.00 X 212272 0 66165 STACY DOWNING VP FOR STUDENT AFFAIRS 60.00 0.00 X 210122 0 59608 VITA PICKRUM VP ADVANCEMENT 60.00 0.00 X 203468 0 61531 STEVEN NEWTON PROFESSOR 60.00 0.00 X 189617 0 71100 ANAS BEN ADDI VP OF FINANCE/CFO 60.00 0.00 X 175202 0 32280 DARRELL MCMILLON CHIEF INFORMATION OFFICER 60.00 0.00 X 174054 0 46417 YOUNGSIK KWAK ASSOCIATE DEAN BUSINESS 60.00 0.00 X 173539 0 62034 ROBERT SCHROF INTERNAL AUDITOR 60.00 0.00 X 169425 0 50190 DYREMPLE MARSH ACADEMIC DEAN TO JUL 2021 60.00 0.00 X 168106 0 29402 CLYTRICE WATSON ASSOCIATE PROVOST 60.00 0.00 X 165578 0 66265 DAVID GINES ATHLETIC DIRECTOR TO JUL 2021 60.00 0.00 X 150848 0 41538 DEVONA E WILLIAMS BOARD CHAIR 11.00 4.00 X X 0 0 0 JOHN RIDGEWAY BOARD VICE CHAIR 15.00 0.00 X X 0 0 0 JOHN J ALLEN JR TRUSTEE 5.00 0.00 X 0 0 0 JOHN CARNEY TRUSTEE 5.00 0.00 X 0 0 0 MICHAEL N CASTLE TRUSTEE 5.00 0.00 X 0 0 0 NORMAN GRIFFITHS TRUSTEE 5.00 0.00 X 0 0 0 LOIS M HOBBS TRUSTEE 5.00 0.00 X 0 0 0 DEBBIE HARRINGTON TRUSTEE 5.00 0.00 X 0 0 0 WILMA MISHOE TRUSTEE 5.00 0.00 X 0 0 0 ESTHELDA R PARKER TRUSTEE 5.00 0.00 X 0 0 0 HAROLD STAFFORD TRUSTEE 5.00 0.00 X 0 0 0 JOCELYN STEWART TRUSTEE 5.00 0.00 X 0 0 0 LEROY A TICE TRUSTEE 5.00 0.00 X 0 0 0 MARGIE LOPEZ WAITE TRUSTEE 5.00 0.00 X 0 0 0 BERNADETTE DORSEY WHATLEY TRUSTEE 5.00 0.00 X 0 0 0 JACK MARKELL TRUSTEE TO DEC 2021 5.00 0.00 X 0 0 0 3780348 0 1054414 28 0 1 0 SODEXOMAGIC LLC 9801 WASHINGTONIAN BLVD GAITHERSBURG MD 20878 FOOD SERVICES 9844871 CHF - DOVER LLC 409 JOHNSON AVE FAIRHOPE AL 36542 PROFESSIONAL SERVICES 6613477 CONNOR STRONG & BUCKELEW TRIAD 1828 CENTRE CAMDEN NJ 08181 PROFESSIONAL SERVICES 2980048 ARAMARK CORPORATION PO BOX 7548 PHILADELPHIA PA 19101 FOOD SERVICES 2607211 ELLUCIAN COMPANY LP 14083 COLLECTIONS CENTER DR CHICAGO IL 60693 INFORMATION TECHNOLOGY SERVICES 2220592 114 6074628 124693927 4513771 135282326 TUITION AND FEES 611710 74072924 74072924 AUXILIARY ENTERPRISES 611710 24537542 24537542 ATHLETIC REVENUES 611710 1583967 1583967 SALES & SERVICE OF ED DEPTS 611710 245203 245203 COMMISSIONS 611710 16953 16953 7547769 7547769 108004358 229942 229942 3924555 378 3730906 0 193649 378 194027 194027 SERVICE CONCESSION 900099 1364201 1364201 1364201 245074854 107987405 0 1805123 X 1948540 1948540 40170969 40170969 4597664 2420963 2176701 62698169 46290946 16038846 368377 -1194828 2156567 -3423855 72460 8035271 5374257 2608155 52859 8541758 5377556 3137239 26963 559020 559020 166132 348 165784 50858 50858 33081332 10590040 22482530 8762 521673 47811 473862 1894763 630966 1260087 3710 4661861 798046 3860249 3566 321339 316034 5305 1615347 1188439 395148 31760 223569 208122 14204 1243 4230381 4230381 10639578 10639578 3838259 896904 2941355 REPAIRS AND MAINTENANCE 10540993 2807218 7733288 487 FOOD SERVICE 5937191 5937191 UTILITIES 4700556 13784 4686772 BAD DEBT EXPENSE 3641179 3641179 4369599 3483598 878525 7476 215791173 135360686 79852824 577663 45904137 50352734 4162780 4168954 12177095 20459230 1855131 2324116 524978505 195030856 300975572 329947649 14994215 12834194 6222239 6035969 16779718 21801253 68176222 99506582 471247109 547430681 43627584 40916047 14122414 24265662 103872878 89243242 16284251 391209756 419808789 552832632 590517991 X -93327813 -88881827 11742290 45794517 -81585523 -43087310 471247109 547430681 X 29283681 -2691577 11906109 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 0 16739600 418526 -1235161 244626 15678339 8581321 7708757 845162 395640 16739600 8400409 212003 281026 312117 8581321 14852965 162655 866186 7300000 181397 8400409 14276944 44185 966247 434411 14852965 0.40000 0.36000 0.24000 0 1 1 16339605 16339605 330025007 116778468 213246539 28415241 18285418 10129823 73806336 53349044 20457292 76392316 6617926 69774390 329947649 DEFERED OUTFLOWS RELATED TO OPEB (OTHER POSTEMPLOYMENT BENEFITS) 52705168 DEFERED OUTFLOWS RELATED TO PENSION 16984390 DEFERRED LOSS ON REFUNDING 605482 NET PENSION ASSET 29211542 99506582 NET OPEB LIABILITY 233520050 LEASE OBLIGATION 577918 FINANCED PURCHASE 2445338 CONTRACTUAL OBLIGATIONS SERVICE CONCESSION 7708964 DEFERRED INFLOWS RELATED TO GRANTS 1494822 DEFERRED INFLOWS RELATED TO LEASES 78690 DEFERRED INFLOWS RELATED TO PENSION 59209012 DEFERRED INFLOWS RELATED TO OPEB 48074531 DEFERRED INFLOWS RELATED TO SERVICE CONCESSION ARRANGEMENT 66699464 419808789 X 225540577 -2691577 11906109 9214532 216326045 50858 28697951 28748809 245074854 187042364 0 187042364 50858 28697951 28748809 215791173 PART III, LINE 1A: ITEMS IN THE COLLECTION INCLUDE, BUT ARE NOT LIMITED TO, BOOKS AND RARE PLANT SPECIMENS. THE COLLECTION IS NOT CONSIDERED MATERIAL TO THE AUDITED FINANCIAL STATEMENTS, AND AS SUCH THERE IS NO FOOTNOTE ADDRESSING THE COLLECTION. THE ORGANIZATION HAS ELECTED, AS PERMITTED UNDER FASB ASC 958, NOT TO REPORT IN ITS REVENUE STATEMENT AND BALANCE SHEET WORKS OF ART, HISTORICAL TREASURES, OR OTHER SIMILAR ASSETS HELD FOR PUBLIC EXHIBITION, EDUCATION, OR RESEARCH IN FURTHERANCE OF PUBLIC SERVICE. PART III, LINE 4: THE UNIVERSITY MAINTAINS A RARE COLLECTION OF PLANT SPECIMENS DATING BACK TO THE MID TO LATE 1800'S. THIS COLLECTION IS HOUSED IN THE UNIVERSITY HERBARIUM AND USED AS PART OF THE ONGOING LAND GRANT MISSION IN EDUCATING AND CLASSIFICATION OF PLANTS OF THE AMERICA'S. PART V, LINE 4: THE INTENDED USES OF THE UNIVERSITY'S ENDOWMENT FUNDS ARE TO OFFER STUDENT SCHOLARSHIPS AND SUPPORT ACADEMIC PROGRAMS. PART X, LINE 2: THE UNIVERSITY IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS RECOGNIZED AS SUCH BY THE INTERNAL REVENUE SERVICE. THE PROVISIONS INCLUDED IN ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA PROVIDE CONSISTENT GUIDANCE FOR THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN AN ENTITY'S FINANCIAL STATEMENTS AND PRESCRIBE A THRESHOLD OF "MORE LIKELY THAN NOT" FOR RECOGNITION OF TAX POSITIONS TAKEN OR EXPECT TO BE TAKEN IN A TAX RETURN. THE UNIVERSITY PERFORMED AN EVALUATION OF UNCERTAIN TAX POSITION AS OF JUNE 30, 2022, AND DETERMINED THAT THERE WERE NO MATTERS THAT WOULD REQUIRE RECOGNITION IN THE FINANCIAL STATEMENTS OR WHICH MAY HAVE ANY EFFECT ON ITS TAX-EXEMPT STATUS. PART XI, LINE 2D - OTHER ADJUSTMENTS: GAIN ON GOVERNMENT COMBINATION 11,906,109. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIP ALLOWANCES 28,697,951. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIP ALLOWANCES 28,697,951. 1 1 0 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 ALL MEDIA ADVERTISING AND BROCHURES ISSUED BY THE UNIVERSITY CONTAIN A STATEMENT OF THE UNIVERSITY'S NON-DISCRIMINATION POLICY. IN ADDITION, THE POLICY IS PROVIDED ON THE UNIVERSITY'S WEBSITE. SCHEDULE E, PART I, LINE 6 THE UNIVERSITY PARTICIPATES IN FEDERALLY FUNDED PELL GRANTS, SEOG GRANTS, FEDERAL WORK-STUDY, AND PERKINS LOAN PROGRAMS. FEDERAL PROGRAMS ARE AUDITED IN ACCORDANCE WITH THE SINGLE AUDIT ACT AMENDMENTS OF 1996, THE U.S. OFFICE OF MANAGEMENT AND BUDGET REVISED UNIFORM GRANT GUIDANCE, AUDIT OF STATES, LOCAL GOVERNMENTS AND NON-PROFIT ORGANIZATIONS, AND THE COMPLIANCE SUPPLEMENT. 1 UNIVERSITY OF DELAWARE 700 PILOTTOWN ROAD LEWES DE 19958 516000297 501(C)(3) 1517648 0 EDUCATION NORTHWESTERN UNIVERSITY CENTER FOR PUBLIC SAFETY EVANSTON IL 60201 362167817 501(C)(3) 280803 0 EDUCATION UNIVERSITY OF WISCONSIN CALS OUTREACH SERVICES MADISON WI 53706 391805963 501(C)(3) 8000 0 EDUCATION STATE OF MARYLAND BOWIE STATE UNIVERSITY BOWIE MD 20715 526002033 501(C)(3) 80853 0 EDUCATION UNIVERSITY OF MASSACHUSETTS 600 SUFFOLK STREET LOWELL MA 01854 043167352 501(C)(3) 61236 0 EDUCATION 5 0 SCHOLARSHIPS 2670 28697951 OTHER GRANTS AND ASSISTANCE 1000 11473018 PART I, LINE 2: SCHOLARSHIPS ARE AWARDED BASED UPON MERIT OR FINANCIAL NEED. STUDENTS APPLY FOR INDIVIDUAL SCHOLARSHIPS THROUGH THE OFFICE OF INSTITUTIONAL ADVANCEMENT AND ARE AWARDED BASED UPON THE CRITERIA FOR EACH INDIVIDUAL SCHOLARSHIP THEY ARE AWARDED BY A COMMITTEE. ATHLETIC SCHOLARSHIPS ARE AWARDED DURING THE RECRUITMENT PROCESS AND ARE AWARDED BASED UPON MERIT. FRESHMAN ENROLLMENT SCHOLARSHIPS ARE OFFERED TO INCOMING FRESHMEN BASED UPON THEIR INDIVIDUAL HIGH SCHOOL PERFORMANCE, SAT SCORES, AND FINANCIAL NEEDS. THE UNIVERSITY PROVIDES SCHOLARSHIPS TO STUDENTS MATRICULATING AT THE COLLEGE, THEREFORE, ALL FUNDS GRANTED ARE USED TO DEFRAY THE COST OF TUITION AND ARE APPLIED DIRECTLY TO THE STUDENT'S DSU ACCOUNT, SO NO FURTHER MONITORING OF THE GRANTS IS REQUIRED IN ORDER TO ENSURE FUNDS ARE USED FOR THEIR INTENDED PURPOSE. X X X 1 0 X X X X 0 0 0 0 0 0 0 1 0 ANTOINE ALLEN PRESIDENT 466451 0 118750 0 552 0 138163 0 15740 0 739656 0 0 0 SAUNDRA DELAUDER PROVOST AND CHIEF ACADEMIC OFFICER 245079 0 15000 0 1584 0 62089 0 22130 0 345882 0 0 0 CLEON CAULEY CHIEF OPERATING OFFICER 234165 0 25000 0 360 0 61409 0 15086 0 336020 0 0 0 ANTONIO BOYLE VP FOR STRATEGIC ENROLLMENT 215057 0 20000 0 0 0 55789 0 15740 0 306586 0 0 0 IRENE CHAPMAN-HAWKINS VP FOR HUMAN RESOURCES 205026 0 20000 0 3048 0 53916 0 26472 0 308462 0 0 0 MICHAEL CASSON PROFESSOR 217493 0 0 0 552 0 0 0 1350 0 219395 0 0 0 LAKRESHA MOULTRIE LEGAL 187056 0 25000 0 216 0 50425 0 15740 0 278437 0 0 0 STACY DOWNING VP FOR STUDENT AFFAIRS 209762 0 0 0 360 0 49538 0 10070 0 269730 0 0 0 VITA PICKRUM VP ADVANCEMENT 200790 0 0 0 2678 0 47385 0 14146 0 264999 0 0 0 STEVEN NEWTON PROFESSOR 171569 0 15000 0 3048 0 44533 0 26567 0 260717 0 0 0 ANAS BEN ADDI VP OF FINANCE/CFO 175202 0 0 0 0 0 19141 0 13139 0 207482 0 0 0 DARRELL MCMILLON CHIEF INFORMATION OFFICER 174054 0 0 0 0 0 40963 0 5454 0 220471 0 0 0 YOUNGSIK KWAK ASSOCIATE DEAN BUSINESS 171955 0 0 0 1584 0 41192 0 20842 0 235573 0 0 0 ROBERT SCHROF INTERNAL AUDITOR 168873 0 0 0 552 0 39851 0 10339 0 219615 0 0 0 DYREMPLE MARSH ACADEMIC DEAN TO JUL 2021 99208 0 0 0 68898 0 23256 0 6146 0 197508 0 0 0 CLYTRICE WATSON ASSOCIATE PROVOST 165026 0 0 0 552 0 39793 0 26472 0 231843 0 0 0 DAVID GINES ATHLETIC DIRECTOR TO JUL 2021 128896 0 0 0 21952 0 30076 0 11462 0 192386 0 0 0 PART I, LINE 1A HOUSING ALLOWANCE OR RESIDENCE FOR PERSONAL USE: THE PRESIDENT, AS PART OF HIS BENEFIT PACKAGES, RESIDES IN A UNIVERSITY OWNED PROPERTY THAT IS LOCATED ON THE UNIVERSITY'S PREMISES. THE PRESIDENT IS REQUIRED TO ACCEPT THIS HOUSING AS A CONDITION OF EMPLOYMENT AND FOR THE CONVENIENCE OF THE UNIVERSITY. PERSONAL SERVICES: THE UNIVERSITY PROVIDED PERSONAL SERVICES TO THE PRESIDENT THAT ARE ANCILLARY TO THE BENEFITS HE RECEIVES WITH THE HOUSING PACKAGE. PERSONAL SERVICES INCLUDE MAID AND CHEF. THE PRESIDENT IS PROVIDED A CHAUFFEUR. DISCRETIONARY SPENDING ACCOUNT: THE PRESIDENT HAS A DISCRETIONARY SPENDING ACCOUNT. HOWEVER, THE EXPENDITURES ARE RELATED TO USUAL AND CUSTOMARY UNIVERSITY EXPENDITURES AND NOT PERSONAL IN NATURE. PART I, LINE 7 BONUSES PAID ARE BASED ON A NUMBER OF VARIABLES INCLUDING BUT NOT LIMITED TO INDIVIDUAL GOAL ACHIEVEMENTS AS WELL AS OPERATION ACHIEVEMENTS. THE FINAL DETERMINATION OF THE BONUS AMOUNT IS DETERMINED AND APPROVED BY THE BOARD AS PART OF THE COMPENSATION REVIEW, WHICH INCLUDES THE USE OF COMPARABILITY DATA. A DELAWARE ECONOMIC DEVELOPMENT AUTHORITY 510269736 246387QD9 2012-03-01 34161528 PAY 5/11/1999 AND 1/21/2004 BOND ISSUES 0 0 0 B DELAWARE ECONOMIC DEVELOPMENT AUTHORITY 510269736 246387RJ5 2014-12-18 32953404 PAY 1/21/2004 BOND ISSUE, CONSTR. OF OSCAR, ACQ. OF COURTYARD AND SHERATON 0 0 0 C DELAWARE ECONOMIC DEVELOPMENT AUTHORITY 510269736 246387SS4 2017-04-04 45619598 PAY 12/20/2007 BOND ISSUE 0 0 0 A 10965000 34161528 2041773 444822 31681107 2012 1 0 1 1 B 5200000 33043410 2127181 529801 118459 17201133 13066836 2014 1 0 1 1 C 4920000 45619598 569838 152362 44897398 2017 0 1 1 1 A 0 0 1 1 0 0.00000 0.00000 0.00000 0 0 1 B 0 0 0 0 0.00000 0.00000 0.00000 1 0 1 C 0 0 1 1 0 0.05000 0.00000 0.05000 1 0 1 A 0 0 0 1 0 0 0 0 1 B 0 0 0 1 0 0 0 0 1 C 1 0 0 0 0 1 A 0 B 0 C 0 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: DELAWARE ECONOMIC DEVELOPMENT AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 10/01/2020 ISSUER NAME: DELAWARE ECONOMIC DEVELOPMENT AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 10/01/2020 SCHEDULE K, PART I, COLUMN (E) V. PART II, LINE 3: DELAWARE ECONOMIC DEVELOPMENT AUTHORITY ISSUE DATE 12/18/2014: GROSS PROCEEDS IN RESERVE FUNDS INCLUDES GAIN OF $90,006. SCHEDULE K, PART I, COLUMN (E) V. PART II, LINE 3: DELAWARE ECONOMIC DEVELOPMENT AUTHORITY ISSUE DATE 03/01/2012: GROSS PROCEEDS IN RESERVE FUNDS INCLUDES INVESTMENT EARNINGS OF $6,174. FORM 990, PART III, LINE 2 AS OF JULY 1, 2021, THE UNIVERSITY ACQUIRED WESLEY COLLEGE, A 501(C)(3) PUBLIC CHARITY INSTITUTION OF HIGHER EDUCATION, AND ITS 14 ACADEMIC PROGRAMS. FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE LEADERSHIP COMMITTEE SHALL CONSIST OF THE CHAIR OF THE BOARD, THE VICE CHAIR(S) OF THE BOARD, AND SELECT CHAIRPERSONS OF THE STANDING COMMITTEES AND MEMBERS AT-LARGE AS MAY BE APPOINTED BY THE CHAIR OF THE BOARD. THE COMMITTEE SHALL BE COMPRISED OF NO MORE THAN SIX (6) MEMBERS. THE CHAIR OF THE BOARD SHALL PRESIDE AT ALL MEETINGS OF THE COMMITTEE. A MAJORITY OF THE MEMBERS SHALL CONSTITUTE A QUORUM FOR THE TRANSACTION OF BUSINESS. IN ANY INTERVAL BETWEEN THE REGULAR MEETINGS OF THE BOARD, THE COMMITTEE SHALL HAVE THE AUTHORITY TO ACT ON BEHALF OF THE BOARD OF TRUSTEES WHEN A MAJORITY OF THE COMMITTEE DEEMS SUCH ACTION NECESSARY FOR THE WELFARE OF THE UNIVERSITY; PROVIDED THAT THE COMMITTEE SHALL NOT HAVE THE POWER TO AMEND THE BYLAWS, TO FILL VACANCIES OR REMOVE ANY MEMBER OF THE BOARD OR TO AUTHORIZE THE SALE, LEASE OR ENCUMBRANCE OF ANY OF THE PROPERTY AND ASSETS OF THE UNIVERSITY. THE EXECUTIVE COMMITTEE SHALL REPORT VERBALLY AND/OR IN WRITTEN FORM, ON ITS ACTIONS AT THE NEXT REGULARLY SCHEDULED MEETING OF THE BOARD. FORM 990, PART VI, SECTION A, LINE 7A THE PRESIDENT OF THE UNIVERSITY AND THE GOVERNOR OF THE STATE OF DELAWARE ARE TRUSTEES OF THE UNIVERSITY PER THE BYLAWS. EIGHT TRUSTEES SHALL BE APPOINTED AND COMMISSIONED BY THE GOVERNOR FOR A TERM OF 6 YEARS EACH, TO BEGIN UPON THE EXPIRATION OF THE TERM OF THE TRUSTEE WHOM EACH IS TO SUCCEED. TWO SUCH TRUSTEES SHALL RESIDE IN EACH COUNTY OF THE STATE. THE GOVERNOR SHALL FILL ANY VACANCIES THAT OCCUR AS TO APPOINTMENTS MADE BY THE GOVERNOR. FORM 990, PART VI, SECTION B, LINE 11B THE UNIVERSITY'S FORM 990 WAS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM IN CONJUNCTION WITH THE UNIVERSITY'S FINANCIAL DEPARTMENT. THE FORM 990 IS REVIEWED BY THE VP OF FINANCE AND THE CONTROLLER. A COPY OF THE FORM 990 IS MADE AVAILABLE TO THE BOARD OF TRUSTEES PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C THE UNIVERSITY REQUIRES DISCLOSURE FROM OFFICERS, DIRECTORS, TRUSTEES, AND KEY EMPLOYEES ON A CONTINUOUS BASIS. AT ANY TIME THAT A RELATIONSHIP IS ENTERED INTO, THE MEMBER IS REQUIRED TO INFORM THE CHAIRMAN OF THE BOARD OF TRUSTEES TO DETERMINE WHETHER A CONFLICT EXISTS. A RECERTIFICATION STATEMENT IS ALSO REQUIRED ANNUALLY. IF THERE IS REASONABLE CAUSE TO BELIEVE THAT A DSU EMPLOYEE HAS INTENTIONALLY FAILED TO DISCLOSE AN ACTUAL CONFLICT OF INTEREST THE NON-DISCLOSURE SHOULD BE REPORTED TO HUMAN RESOURCES. IF AN INVESTIGATION OF THE FACTS DETERMINES AN ACTUAL CONFLICT OCCURRED AND THE EMPLOYEE INTENTIONAL FAILED TO DISCLOSE THE CONFLICT DISCIPLINARY MEASURES WILL BE IMPLEMENTED, INCLUDING POSSIBLE TERMINATION OF EMPLOYMENT. FORM 990, PART VI, SECTION B, LINE 15A THE UNIVERSITY UNDERTAKES A THOROUGH PROCESS TO DETERMINE EXECUTIVE COMPENSATION. THIS PROCESS INCLUDES EACH BOARD OF TRUSTEE MEMBER SPECIFICALLY DISCUSSING PERFORMANCE IN A SPECIAL ANNUAL MEETING. EVIDENCE SUPPORTS COMPENSATION ALONG WITH CONTEMPORANEOUS SUBSTANTIATION OF THE DELIBERATIONS AND THE DECISION IS MADE BY THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION C, LINE 19 THE UNIVERSITY'S FINANCIAL STATEMENTS ARE PUBLISHED ON THE UNIVERSITY'S WEBSITE. THE GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE NOT ORDINARILY MADE AVAILABLE TO THE PUBLIC, BUT, IF REQUESTED, WILL BE PROVIDED AT MANAGEMENT'S DISCRETION. FORM 990, PART IX, LINE 11G OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 10,590,040. MANAGEMENT AND GENERAL EXPENSES 22,482,530. FUNDRAISING EXPENSES 8,762. TOTAL EXPENSES 33,081,332. FORM 990, PART XI, LINE 9: GAIN ON GOVERNMENT COMBINATION 11,906,109. DELAWARE STATE UNIVERSITY FOUNDATION INC 1200 NORTH DUPONT HIGHWAY DOVER DE 19901 201372435 FUNDRAISING DE 501(C)(3) LINE 12A, I DELAWARE STATE UNIVERSITY 1 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 DELAWARE STATE UNIVERSITY FOUNDATION INC C 6074628 CASH DELAWARE STATE UNIVERSITY FOUNDATION INC P 1129283 CASH