2022-05-13T07:17:00-05:00 2021-06-30 410746749 CLIFTONLARSONALLEN LLP 610 W GERMANTOWN PIKE SUITE 400 PLYMOUTH MEETING PA 19462 990 2020-07-01 231386178 WIDENER UNIVERSITY WIDE 6104994396 ONE UNIVERSITY PLACE CHESTER PA 19013 LINDA KIRALY GILBERT VP FINANCE & ADMINISTRATION 6104994396 2022-05-12 1 LINDA KIRALY GILBERT 999009999 CONNIE M LIRA P00481097 2156433900 2022-05-06 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z LINDA KIRALY GILBERT ONE UNIVERSITY PLACE CHESTER PA 19013 276568944 0 X WWW.WIDENER.EDU X 1821 PA EMPOWERING OUR COMMUNITY OF LEARNERS TO DISCOVER AND CREATE BETTER FUTURES. 23 22 2645 50 -80612 0 9982933 10426923 230154102 220678462 1904301 909642 1053719 1350338 243095055 233365365 91017540 93505653 0 0 99113508 95337071 0 0 2506778 54928871 46896150 245059919 235738874 -1964864 -2373509 372673637 400699123 180102664 181120540 192570973 219578583 X EMPOWERING OUR COMMUNITY OF LEARNERS TO DISCOVER AND CREATE BETTER FUTURES. 0 0 163762485 93505653 215193809 INSTRUCTIONAL/GRANTS - EXPENSES INCURRED WITH THE ACADEMIC INSTRUCTION OF OUR STUDENT BODY AS WELL AS GRANTS TO STUDENTS. THE UNIVERSITY COMPRISES OF EIGHT SCHOOLS AND COLLEGES THAT OFFER LIBERAL ARTS AND SCIENCES, PROFESSIONAL, AND PREPROFESSIONAL CURRICULA. A METROPOLITAN TEACHING INSTITUTION, THE UNIVERSITY IS A THREE-CAMPUS UNIVERSITY OFFERING 147 PROGRAMS OF STUDY LEADING TO ONE OF 62 ASSOCIATE, BACHELORS, MASTERS, OR DOCTORAL DEGREES. IN THE FALL SEMESTER OF 2020, THE UNIVERSITY HAD ENROLLED 6,150 STUDENTS COMPRISED OF 3,215 UNDERGRADUATE, 2,152 GRADUATE, AND 1,086 SCHOOL OF LAW STUDENTS. 18047552 0 663084 STUDENT SERVICES - EXPENSES INCURRED FOR PROGRAMS THAT SERVICE WIDENER'S STUDENT BODY, SUCH AS ATHLETICS, STUDENT ORGANIZATIONS, CAREER PLACEMENT, STUDENT HEALTH, AND STUDENT COUNSELING. IN ADDITION, THIS INCLUDES DEPARTMENTS THAT SUPPORT STUDENT ADMISSIONS, FINANCIAL AID, THE BURSAR, AND REGISTRAR. 16762507 0 4821569 AUXILIARY SERVICES - EXPENSES INCURRED PRIMARILY FOR HOUSING AND FEEDING STUDENTS 13229179 0 0 ACADEMIC SUPPORT - EXPENSES INCURRED TO SUPPORT THE LIBRARY AND ACADEMIC ADMINISTRATION, INCLUDING PROVOST, DEANS, AND FACULTY DEVELOPMENT. 13229179 0 0 211801723 1 1 0 1 0 0 0 1 0 1 1 1 0 0 1 1 0 1 1 0 1 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 1 1 1 0 0 1 342 0 2645 1 0 1 CS 0 0 0 1 1 0 0 0 0 0 0 X 23 22 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 1 1 1 1 PA X X LINDA KIRALY GILBERT 6104991168 ONE UNIVERSITY PLACE CHESTER PA 19013 JULIE E WOLLMAN PHD PRESIDENT 60.00 0.30 X X 548721 0 91161 ANDREW WORKMAN PROVOST 60.00 0.00 X 324617 0 53577 JOSEPH J BAKER SR VP FINANCE & ADMIN 60.00 1.30 X 335460 0 39709 RODNEY SMOLLA DEAN DELAWARE LAW 60.00 0.00 X 330440 0 44497 THERESA TRAVIS SR VP ADVANCEMENT 60.00 0.00 X 255571 0 71371 FRED AKL DEAN SCHOOL OF ENGINEERING 40.00 0.00 X 269149 0 48422 CHRISTIAN JOHNSON PROFESSOR 40.00 0.00 X 250215 0 40642 ANNE M KROUSE DEAN SCHOOL OF NURSING 40.00 0.00 X 242828 0 28668 ROBIN DOLE DEAN COLLEGE OF HEALTH/HUMAN SERVICES 40.00 0.00 X 210030 0 35331 ERIC BEHRENS VP FOR LIBRARY & INFORMATION SYSTEMS 60.00 0.00 X 204023 0 38875 JAYATI GHOSH PROFESSOR 40.00 0.00 X 210366 0 23973 KATHRYN HERSCHEDE VP FOR STRATEGIC INITIATIVES 60.00 0.00 X 198747 0 21257 PAUL S BEIDEMAN CHAIR OF THE BOARD 2.00 0.00 X X 0 0 0 JAMES J MACK III VICE CHAIR OF THE BOARD 2.00 0.00 X X 0 0 0 CYNTHIA H SARNOSKI PHD VICE CHAIR OF THE BOARD 2.00 0.00 X X 0 0 0 NANCY G HESSE TREASURER OF THE BOARD 2.00 0.00 X X 0 0 0 EUGENE D MCGURK JR ESQ SECRETARY OF THE BOARD 2.00 0.00 X X 0 0 0 JOHN H TILELLI JR PAST CHAIR OF THE BOARD 2.00 0.00 X X 0 0 0 ANTHONY R BRITTON JR TRUSTEE 2.00 0.00 X 0 0 0 DOMENIC C COLASANTE TRUSTEE 2.00 0.00 X 0 0 0 DEXTER HAMILTON TRUSTEE 2.00 0.00 X 0 0 0 JAMES J HARGADON TRUSTEE 2.00 0.00 X 0 0 0 J MATTHEW HARTLEY PHD TRUSTEE 2.00 0.00 X 0 0 0 JAMES W HIRSCHMANN III TRUSTEE 2.00 0.00 X 0 0 0 ANTOINETTE LEATHERBERRY TRUSTEE 2.00 0.00 X 0 0 0 SAMIR MEHTA TRUSTEE 2.00 0.00 X 0 0 0 PATRICK J MURPHY ESQ TRUSTEE 2.00 0.00 X 0 0 0 CHRISTIAN NASCIMENTO TRUSTEE 2.00 0.00 X 0 0 0 MIGUEL O PENA TRUSTEE 2.00 0.00 X 0 0 0 CATHERINE PULOS TRUSTEE 2.00 0.00 X 0 0 0 LOUIS RODRIGUEZ JR TRUSTEE 2.00 0.00 X 0 0 0 MIN S SUH ESQ TRUSTEE 2.00 0.00 X 0 0 0 RICHARD L P TAN TRUSTEE 2.00 0.00 X 0 0 0 DOUGLAS M WOLFBERG ESQ TRUSTEE 2.00 0.00 X 0 0 0 3380167 0 537483 187 0 1 0 HSC BUILDERS & CONSTRUCTION 304 NEW MILL LANE EXTON PA 19341 CONSTRUCTION MANAGEMENT 4744468 ARAMARK SERVICES INC 806 TYVOLA ROAD CHARLOTTE NC 28217 FOOD SERVICE 3740409 GENETWORX PO BOX 2386 HICKSVILLE NY 11802 HEALTH MANAGEMENT 1844800 HERMAN GOLDNER CO INC 7777 BREWSTER AVE PHILADELPHIA PA 19153 MECHANICAL CONTRACTOR 1347146 ABM 14141 SOUTHWEST FREEWAY SUGARLAND TX 77478 FACILITY MANAGEMENT 1223236 63 12250 6592842 3821831 18673 10426923 TUITION/ FEES 611600 215193809 215193809 AUXILIARY ENTERPRISES 721310 4821569 4821569 FEES, PARKING, ETC 900099 471950 471950 ATHLETICS INCOME 611710 114749 114749 FEES/CONTRACTS GOVERNMENT AGENCIE 900099 76385 76385 220678462 6496105 -80612 6576717 939019 70693 868326 868326 868326 37464451 43050914 -5586463 -5586463 -5586463 14117 12250 81972 -67855 -67855 MISCELLANEOUS 525990 335098 335098 INTEREST FEES ON LOANS 900099 214769 214769 549867 233365365 220678462 -80612 2340592 93505653 93505653 2558026 2558026 30000 30000 69651363 62450401 5594739 1606223 2585332 2349996 174894 60442 15343625 13546976 1448221 348428 5168725 4492605 560570 115550 846326 846326 121068 121068 129924 129924 8377008 5753932 2498879 124197 1648132 374796 1265415 7921 1156490 588148 534550 33792 4665299 2125415 2393721 146163 3731258 1007281 2723177 800 292555 283728 4219 4608 127997 98768 25043 4186 3754873 3754873 13608427 13608427 1930462 1930462 BOOKS/PERIODICALS 1865694 1865694 FEES/DUES 752625 564759 180746 7120 STUDENT/FACULTY/ALUMNI 346364 208882 121864 15618 3541648 3290927 218991 31730 235738874 211801723 21430373 2506778 40276811 55971803 5361905 3988462 10149749 9519498 1028766 648791 452089622 247140749 215470569 204948873 75901824 90663312 18229494 27635473 6254519 5862895 1460016 372673637 400699123 16562021 18798322 5825554 4637758 12107839 13091138 75352346 73223196 70254904 71370126 180102664 181120540 X 134203352 148567971 58367621 71010612 192570973 219578583 372673637 400699123 X -2373509 27543933 1837186 X 0 1 X 1 1 1 X 7672657 6996368 8925408 9982933 10426923 44004289 7672657 6996368 8925408 9982933 10426923 44004289 44004289 7284051 5887748 7373274 6355139 7515736 34415948 1495285 656391 1321657 628765 549867 4651965 83072202 1112089183 0.52970 0.51090 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS INCOME - 2016 AMOUNT: $ 1,261,510. 2017 AMOUNT: $ 477,642. 2018 AMOUNT: $ 1,166,166. 2019 AMOUNT: $ 497,729. 2020 AMOUNT: $ 335,098. INTEREST FEES ON LOANS - 2016 AMOUNT: $ 233,775. 2017 AMOUNT: $ 178,749. 2018 AMOUNT: $ 155,491. 2019 AMOUNT: $ 131,036. 2020 AMOUNT: $ 214,769. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 895 895 0 PART II-B, LINE 1: THE UNIVERSITY IS A MEMBER OF THE ASSOCIATION OF INDEPENDENT COLLEGES AND UNIVERSITIES OF PENNSYLVANIA (AICUP). THE ASSOCIATION IS THE ONLY STATEWIDE ORGANIZATION THAT SERVES EXCLUSIVELY THE INTERESTS OF PRIVATE HIGHER EDUCATION WITHIN THE COMMONWEALTH, AND EXISTS TO COMPLEMENT AND SUPPORT THE WORK OF CAMPUS LEADERS. THE FIGURE DISCLOSED ON PART II-B IS EQUAL TO THE PORTION OF DUES PAID BY WIDENER UNIVERSITY THAT WERE USED BY THE ASSOCIATION TO SUPPORT ATTEMPTS TO INFLUENCE LEGISLATION WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE ("LOBBYING"). X X X COMMUNITY ENRICHMENT 0 90171765 1862479 29243046 1407595 4993944 114875751 94623615 279925 -207474 1375993 3148308 90171765 91760452 1724527 6440090 1277786 4023668 94623615 87071306 1033995 7887656 1219400 3013105 91760452 80886359 1207667 10883656 1172402 4733974 87071306 0.36484 0.58537 0.04979 0 0 16873394 16873394 355560925 177929713 177631212 67994937 59599937 8395000 11660366 9611099 2049267 204948873 ALTERNATIVE INVESTMENTS 27635473 F 27635473 ACCRUED POST RETIREMENT BENEFITS 65812009 ASSET RETIREMENT OBLIGATION 4086650 FINANCE LEASE OBLIGATIONS 1377881 OPERATING LEASE OBLIGATION 93586 71370126 X 169031100 27543933 154048 27697981 141333119 129924 91902322 92032246 233365365 143968363 261735 261735 143706628 129924 91902322 92032246 235738874 PART III, LINE 1A: THE UNIVERSITY HAS ELECTED PURSUANT TO GENERALLY ACCEPTED ACCOUNTING STANDARDS NOT TO REPORT IN ITS REVENUE STATEMENT AND BALANCE SHEET WORKS OF ART. THE FOOTNOTE READS "THE UNIVERSITY HOUSES A COLLECTION OF AMERICAN PAINTINGS AND THE ALFRED O. DESHONG COLLECTION OF EUROPEAN PAINTINGS AND ORIENTAL ART OBJECTS AT THE WIDENER UNIVERSITY ART COLLECTION AND GALLERY THAT IT DOES NOT CAPITALIZE. THESE COLLECTIONS ADHERE TO THE UNIVERSITY'S POLICY TO (A) MAINTAIN THEM FOR PUBLIC EXHIBITION, EDUCATION, OR RESEARCH; AND (B) PROTECT, KEEP UNENCUMBERED, CARE FOR, AND PRESERVE THEM; AND (C) USE ANY PROCEEDS FROM SALE OF COLLECTION ITEMS TO ACQUIRE NEW COLLECTION ITEMS OR THE DIRECT CARE OF THE EXISTING COLLECTION. THE UNIVERSITY DEFINES DIRECT CARE AS ACTIVITIES TO ENHANCE THE LIFE, USEFULNESS, OR QUALITY OF THE COLLECTION, THEREBY ENSURING THAT IT WILL CONTINUE TO BENEFIT THE PUBLIC FOR YEARS TO COME." PART III, LINE 4: THE WIDENER UNIVERSITY ART COLLECTION HOUSES THE UNIVERSITY'S DIVERSE COLLECTION OF AMERICAN PAINTINGS AND THE ALFRED O. DESHONG COLLECTION OF EUROPEAN PAINTINGS AND ORIENTAL ART OBJECTS. THE COLLECTION PROVIDES NUMEROUS EDUCATIONAL OPPORTUNITIES TO OUR STUDENTS THROUGH ITS EXISTING ASSORTMENT. IT ALSO PROVIDES CULTURAL ENRICHMENT TO THE FACULTY, STAFF, AND SURROUNDING COMMUNITIES. PART V, LINE 4: ENDOWMENT FUNDING SUPPORTS SCHOLARSHIPS, FACULTY DEVELOPMENT, CHAIRS, AWARDS, THE LIBRARY, AS WELL AS OTHER INITIATIVES. PART X, LINE 2: THE UNIVERSITY HAS BEEN RECOGNIZED BY THE INTERNAL REVENUE SERVICE AS A TAX-EXEMPT ORGANIZATION DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. AS SUCH, IT IS SUBJECT TO TAX ONLY ON INCOME FROM ACTIVITIES UNRELATED TO ITS TAX-EXEMPT MISSION. FOR THE YEARS ENDED JUNE 30, 2021 AND 2020, THE UNIVERSITY GENERATED NO SIGNIFICANT UNRELATED BUSINESS INCOME SUBJECT TO TAX, AND NO PROVISION FOR INCOME TAXES WAS PROVIDED. THE UNIVERSITY BELIEVES IT HAS TAKEN NO SIGNIFICANT UNCERTAIN TAX POSITIONS. PART XI, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSE 70,693. NET SPECIAL FUNDRAISING EXPENSE 81,972. REVENUE OF AFFILIATE REPORTED ON A SEPARATE RETURN 1,383. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS 91,902,322. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSE 70,693. NET SPECIAL FUNDRAISING EXPENSE 81,972. EXPENSE OF AFFILIATE REPORTED ON A SEPARATE RETURN 109,070. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS 91,902,322. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 OUR POLICY IS PUBLISHED IN ALL CATALOGS, PRINTED MATERIALS AND ON THE UNIVERSITY'S WEBSITE. SCHEDULE E, PART I, LINE 6 IN THE NORMAL COURSE OF BUSINESS, THE UNIVERSITY ROUTINELY RECEIVES FUNDING FROM FEDERAL, STATE, AND LOCAL GOVERNMENTS FOR STUDENT FINANCIAL AID. CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 12417550 0 0 0 0 0 0 12417550 0 12417550 1 0 1 1 0 0 PART I, LINE 3: THE UNIVERSITY USES THE ACCRUAL METHOD OF ACCOUNTING TO REPORT EXPENDITURES OUTSIDE THE U.S. PART III ACCOUNTING METHOD: SCHEDULE F, PART IV: THE UNIVERSITY IS INVESTED IN PASS-THROUGH ENTITIES THAT PERIODICALLY INCLUDE ACTIVITY RELATED TO MAKING TRANSFERS TO FOREIGN CORPORATIONS. NO TRANSFERS OR OWNERSHIP INTERESTS, SEPARATE OR COMBINED, ROSE TO THE LEVEL OF TRIGGERING A FORM 8621 FILING REQUIREMENT. THERE WAS ONE FORM 926 AND ONE FORM 5471 REPORTING REQUIRED, BOTH OF WHICH ARE BEING FILED AS ATTACHMENTS TO THE UNIVERSITY'S FORM 990-T FILING. GOLF OUTING 19050 7750 11300 15524 4000 HOMECOMING 7317 4500 2817 4000 58448 26367 12250 14117 19524 62448 81972 -67855 1 STUDENT FINANCIAL AID/GRANTS/AWARDS 4087 91902322 0 CARES ACT GRANTS TO STUDENTS 4899 1603331 0 PART I, LINE 2: SCHOLARSHIPS AND GRANTS FOR STUDENTS ARE APPLIED DIRECTLY TO A STUDENT'S UNIVERSITY ACCOUNT AND APPLIED TO TUITION, FEES, ROOM AND BOARD. ALL FINANCIAL AID IS SUBJECT TO REVISION BASED ON AVAILABILITY, CHANGES IN FAMILY CONTRIBUTION, HOUSING STATUS, AND/OR CREDIT LOAD. SATISFACTORY ACADEMIC PROGRESS MUST BE MAINTAINED ACCORDING TO STANDARDS PRESCRIBED BY THE UNIVERSITY. ANNUAL RENEWAL OF FINANCIAL AID IS CONTINUOUS IF INSTITUTIONAL FINANCIAL NEED REMAINS, ALL REQUIRED DOCUMENTS ARE COMPLETED BY THE PUBLISHED DEADLINE AND SATISFACTORY ACADEMIC PROGRESS IS MAINTAINED CONSISTENT WITH THE UNIVERSITY'S POLICY. X X X X 1 1 X X X 0 0 0 0 0 0 0 1 0 JULIE E WOLLMAN PHD PRESIDENT 487976 0 0 0 60745 0 27500 0 63661 0 639882 0 0 0 ANDREW WORKMAN PROVOST 284155 0 0 0 40462 0 25067 0 28510 0 378194 0 0 0 JOSEPH J BAKER SR VP FINANCE & ADMIN 300889 0 0 0 34571 0 16285 0 23424 0 375169 0 0 0 RODNEY SMOLLA DEAN DELAWARE LAW 308251 0 0 0 22189 0 17007 0 27490 0 374937 0 0 0 THERESA TRAVIS SR VP ADVANCEMENT 224398 0 5000 0 26173 0 11841 0 59530 0 326942 0 0 0 FRED AKL DEAN SCHOOL OF ENGINEERING 237220 0 0 0 31929 0 26000 0 22422 0 317571 0 0 0 CHRISTIAN JOHNSON PROFESSOR 235876 0 0 0 14339 0 15759 0 24883 0 290857 0 0 0 ANNE M KROUSE DEAN SCHOOL OF NURSING 222178 0 0 0 20650 0 17347 0 11321 0 271496 0 0 0 ROBIN DOLE DEAN COLLEGE OF HEALTH/HUMAN SERVICE 174689 0 0 0 35341 0 10712 0 24619 0 245361 0 0 0 ERIC BEHRENS VP FOR LIBRARY & INFORMATION SYSTEMS 192163 0 0 0 11860 0 10319 0 28556 0 242898 0 0 0 JAYATI GHOSH PROFESSOR 182763 0 0 0 27603 0 12780 0 11193 0 234339 0 0 0 KATHRYN HERSCHEDE VP FOR STRATEGIC INITIATIVES 178327 0 0 0 20420 0 10310 0 10947 0 220004 0 0 0 PART I, LINE 1A FIRST-CLASS OR CHARTER TRAVEL: THE UNIVERSITY MAINTAINS A WRITTEN ACCOUNTABLE POLICY REGARDING THE PAYMENT OR REIMBURSEMENT OF TRAVEL AND ENTERTAINMENT EXPENSES, INCLUDING AIRLINE AND RAIL TRAVEL, COMPANION TRAVEL, INTERNATIONAL TRAVEL, SOCIAL AND HEALTH CLUBS, MAID SERVICE, AND BUSINESS MEALS, MEETINGS AND ENTERTAINMENT. THE UNIVERSITY'S PRESIDENT REVIEWS AND APPROVES THE TRAVEL AND ENTERTAINMENT EXPENSES FOR ALL UNIVERSITY VICE PRESIDENTS. THE UNIVERSITY'S VICE PRESIDENTS REVIEW AND APPROVE THE TRAVEL AND ENTERTAINMENT EXPENSES FOR THEIR RESPECTIVE STAFF. IT IS IMPORTANT TO NOTE THE PRESIDENT'S TRAVEL AND ENTERTAINMENT EXPENSES ARE REVIEWED AND APPROVED BY THE UNIVERSITY'S BOARD CHAIR. HOUSING ALLOWANCE OR RESIDENT FOR PERSONAL USE: THE PRESIDENT OF THE UNIVERSITY IS PROVIDED HOUSING AS REQUIRED AS PART OF THEIR EMPLOYMENT. THE USE OF THE HOUSE IS EXCLUDED FROM INCOME PURSUANT TO INTERNAL REVENUE CODE SECTION 119 (A)(2). THE FAIR RENTAL VALUE OF THE HOUSING IS $38,444. BUSINESS EXPENSES ARE COVERED UNDER THE UNIVERSITY'S TRAVEL AND ENTERTAINMENT POLICY. THE HOUSING ALLOWANCE IS NOT INCLUDED IN TAXABLE INCOME AS THE HOUSING ASSIGNMENT IS REQUIRED BY THE COLLEGE AS A CONDITION OF EMPLOYMENT. HEALTH OR SOCIAL CLUBS: THE UNIVERSITY MAINTAINS A WRITTEN ACCOUNTABLE POLICY REGARDING THE PAYMENT OR REIMBURSEMENT OF SOCIAL AND HEALTH CLUBS. PERSONAL SERVICES: OFFICERS AND KEY EMPLOYEES MAY USE A CAR SERVICE FOR EXTENDED TRAVEL IN ORDER TO CONDUCT UNIVERSITY BUSINESS. PART I, LINE 7 IT IS THE POLICY OF THE BOARD TO AWARD BONUS COMPENSATION TO ITS EXECUTIVES, AT THE DISCRETION OF THE BOARD, FOR SERVICE AND PERFORMANCE RENDERED TO THE UNIVERSITY. GENERALLY, BONUS COMPENSATION TO EXECUTIVES WILL NOT EXCEED 20% OF TOTAL ANNUAL COMPENSATION WITHOUT COMPELLING REASONS SIMILAR TO THOSE CONSIDERED BY THE BOARD IN THE EVENT OF COMPENSATION IN EXCESS OF THE POLICY RANGE ADOPTED BY THE BOARD. WHEN SUCH EXCEPTIONS ARISE, THE BOARD SHALL SET FORTH A STATEMENT OF REASONS SUPPORTING THE DEPARTURE FROM THE BOARD'S ESTABLISHED EXECUTIVE COMPENSATION POLICY. A PENNSYLVANIA HIGHER EDUCATIONAL FACILITIES AUTHORITY 232243852 70917SLY7 2014-09-11 20396446 REFINANCING 0 0 0 B PENNSYLVANIA HIGHER EDUCATIONAL FACILITIES AUTHORITY 232243852 70917SHA4 2013-08-29 11539397 DORMITORY 0 0 0 C PENNSYLVANIA HIGHER EDUCATIONAL FACILITIES AUTHORITY 232243852 070917JM6 2013-11-01 53440880 REFINANCING 0 0 0 A 4256446 20396446 310928 20085518 2014 0 1 1 1 B 11980000 220154 11319243 2015 0 0 1 1 C 8360880 53440880 344468 53096412 2013 1 1 1 1 A 0 0 0 0 0.00000 0.12000 0.12000 0 0 1 B 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 C 0 0 0 0 0.00000 0.02000 0.02000 0 0 1 A 0 0 1 0 0 0 0 0 1 B 0 0 1 0 0 0 0 0 1 C 0 0 1 0 0 0 0 0 1 A 1 B 1 C 1 FORM 990, SCHEDULE K, PART I, COLUMN (C): (A) ISSUER NAME: PENNSYLVANIA HIGHER EDUCATIONAL FACILITIES AUTHORITY THE BOND WAS ORIGINALLY ISSUED IN 2014 WITH STAGGERING MATURITY DATES FROM 2034-2038. EACH MATURITY DATE HAS BEEN ASSIGNED A UNIQUE CUSIP NUMBER. (B) ISSUER NAME: PENNSYLVANIA HIGHER EDUCATIONAL FACILITIES AUTHORITY THE BOND WAS ORIGINALLY ISSUED IN 2013 WITH STAGGERING MATURITY DATES FROM 2035-2043. EACH MATURITY DATE HAS BEEN ASSIGNED A UNIQUE CUSIP NUMBER. (C) ISSUER NAME: PENNSYLVANIA HIGHER EDUCATIONAL FACILITIES AUTHORITY THE BOND WAS ORIGINALLY ISSUED IN 2013 WITH STAGGERING MATURITY DATES FROM 2028-2038. EACH MATURITY DATE HAS BEEN ASSIGNED A UNIQUE CUSIP NUMBER. SCHEDULE K, PART I, LINE 3: (B) ISSUER NAME: PHILADELPHIA AUTHORITY FOR INDUSTRIAL DEVELOPMENT THE DIFFERENCE BETWEEN THE ISSUE PRICE AND THE PROCEEDS OF THE ISSUE IS $440,603 OF BOND DISCOUNT. SCHEDULE K, PART II, LINES 14 AND 15: (A) ISSUER NAME: PENNSYLVANIA HIGHER EDUCATIONAL FACILITIES AUTHORITY THE REFUNDED BONDS WERE ISSUED: SERIES 2005 BONDS ISSUED 02/17/2005. (C) ISSUER NAME: PHILADELPHIA AUTHORITY FOR INDUSTRIAL DEVELOPMENT THE REFUNDED BONDS WERE ISSUED: SERIES 2003 BONDS ISSUED 10/03/2003; SERIES 2005 BONDS ISSUED 02/17/2005. 56577 DISCOUNTED TUITION FINANCIAL AID DAN KING SPOUSE OF PRESIDENT 30000 CONSULTING 0 FORM 990, PART VI, SECTION A, LINE 1 THE EXECUTIVE COMMITTEE, MAY BE CONVENED AT ANY TIME AT THE CALL OF ITS CHAIR, SHALL HAVE AND EXERCISE AUTHORITY OF THE BOARD IN THE MANAGEMENT OF ITS AFFAIRS, TO THE EXTENT PERMITTED BY THE DELAWARE CORPORATION LAW AND THE PENNSYLVANIA CORPORATION NOT-FOR-PROFIT CODE, EXCEPT THAT THE EXECUTIVE COMMITTEE SHALL NOT HAVE AUTHORITY TO: (1) FILL VACANCIES IN THE BOARD OF TRUSTEES; (2) ADOPT, AMEND OR REPEAL THE BYLAWS; (3) AMEND OR REPEAL ANY RESOLUTION OF THE BOARD; (4) TAKE ANY ACTION ON MATTERS COMMITTED BY THE BYLAWS OR RESOLUTION OF THE BOARD OF TRUSTEES TO ANOTHER COMMITTEE OF THE BOARD; (5) AMEND THE CERTIFICATE OF INCORPORATION; (6) ADOPT AN AGREEMENT OF MERGER OR CONSOLIDATION; (7) RECOMMEND THE SALE, LEASE OR EXCHANGE OF ALL OR SUBSTANTIALLY ALL OF THE UNIVERSITY'S PROPERTY; (8) RECOMMEND A DISSOLUTION OF THE UNIVERSITY; OR (9) REVOKE DISSOLUTION OF THE UNIVERSITY. THE EXECUTIVE COMMITTEE SHALL CONSIST OF THE CHAIR, VICE CHAIRS, THE TREASURER, THE SECRETARY, THE PRESIDENT OF THE UNIVERSITY, AND THE PAST-CHAIR. ON INVITATION OF THE CHAIR, ANY MEMBER OF THE BOARD MAY ATTEND AN EXECUTIVE COMMITTEE MEETING. FOUR (4) TRUSTEES SHALL CONSTITUTE A QUORUM. A MAJORITY VOTE SHALL BE SUFFICIENT TO TAKE ACTION ON A MOTION. AT THE ANNUAL MEETING IN MAY, THE EXECUTIVE COMMITTEE SHALL DECIDE WHICH CHAIRS OF THE STANDING COMMITTEES WILL ATTEND THE MEETINGS OF THE EXECUTIVE COMMITTEE FOR THE FOLLOWING YEAR. THE GOAL IS TO HAVE THE CHAIR OF EACH STANDING COMMITTEE ATTEND AT LEAST ONE EXECUTIVE COMMITTEE MEETING A YEAR. THE COMMITTEE CHAIRS SHALL HAVE VOTING RIGHTS AT THE STANDING MEETINGS OF THE EXECUTIVE COMMITTEE. IF THE CHAIR FINDS IT NECESSARY TO CALL A SPECIAL MEETING OF THE EXECUTIVE COMMITTEE OR MOVE THE EXECUTIVE COMMITTEE MEETING INTO EXECUTIVE SESSION, THE CHAIR SHALL DECIDE WHICH COMMITTEE CHAIRS SHALL PARTICIPATE. FORM 990, PART VI, SECTION A, LINE 7A THE PRESIDENT OF THE UNIVERSITY SHALL AUTOMATICALLY BE A MEMBER OF THE BOARD AND THEY SHALL SERVE AS A MEMBER OF THE BOARD DURING THEIR INCUMBENCY. FORM 990, PART VI, SECTION B, LINE 11B ONCE A DRAFT OF THE IRS FORM 990 HAS BEEN PREPARED BY OUR INDEPENDENT TAX ADVISORS, IT IS REVIEWED BY THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES. THE FORM 990 IS NOT FILED UNTIL THE FULL BOARD OF TRUSTEES HAS REVIEWED IT WITH MANAGEMENT. FORM 990, PART VI, SECTION B, LINE 12C THE UNIVERSITY HAS CONFLICT OF INTEREST POLICIES FOR THE BOARD OF TRUSTEES, OFFICERS, KEY EMPLOYEES, FULL-TIME STAFF, AND PART-TIME STAFF INVOLVED IN PURCHASING. THE BOARD OF TRUSTEES COMPLETE THE CONFLICT OF INTEREST DISCLOSURE FORM ON AN ANNUAL BASIS, AND THE DISCLOSURE FORMS ARE RECEIVED AND REVIEWED BY THE TRUSTEESHIP COMMITTEE, WHO FORWARD ANY CONFLICTS ON TO THE EXECUTIVE COMMITTEE OF THE BOARD FOR THEIR REVIEW. BOARD OF TRUSTEES MEMBERS WITH CONFLICTS ARE EXPECTED TO ABSTAIN FROM VOTING ON ISSUES FOR THEIR CONFLICT. THE PROCESS, REVIEW, AND REPORTING FOR THE OFFICERS AND KEY EMPLOYEES IS THE SAME AS THE BOARD OF TRUSTEES. ALL FULL-TIME STAFF AND PART-TIME STAFF INVOLVED IN PURCHASING COMPLETE A DISCLOSURE FORM ANNUALLY, AND THESE ARE COLLECTED AND REVIEWED BY THE EXECUTIVE DIRECTOR OF HUMAN RESOURCES. THIS INDIVIDUAL THEN REPORTS THE FINDINGS TO THE SENIOR VICE PRESIDENT-ADMINISTRATION & FINANCE AND THE PRESIDENT OF THE UNIVERSITY. A REPORT IS THEN MADE BY THE SENIOR VICE PRESIDENT-ADMINISTRATION & FINANCE TO THE FINANCE AND ADMINISTRATION COMMITTEE OF THE BOARD, WHICH THEN REPORTS THE FINDINGS TO THE FULL BOARD OF TRUSTEES. FORM 990, PART VI, SECTION B, LINE 15 IT IS THE POLICY OF WIDENER UNIVERSITY AND ITS BOARD OF TRUSTEES (BOARD) TO COMPENSATE ITS EXECUTIVES IN ACCORDANCE WITH THE MARKET AND IN RELATION TO EXPERIENCE, SERVICE AND ACCOMPLISHMENT BOTH PRIOR TO, AND DURING, THEIR SERVICE TO THE UNIVERSITY. THE MEMBERS OF THE EXECUTIVE COMMITTEE OF THE BOARD ACT AS THE UNIVERSITY COMPENSATION COMMITTEE AND THEN PRESENT THE COMPENSATION DATA OF ALL DISQUALIFIED PERSONS TO THE BOARD. THE BOARD'S USE OF COLLEGE AND UNIVERSITY PROFESSIONAL ASSOCIATION (CUPA) AND SIMILAR INDICES IS FOR GUIDANCE PURPOSES, TAKING INTO CONSIDERATION THAT THE POSITIONS REPORTED THEREIN ARE NOT, IN MANY INSTANCES, EQUIVALENT TO THE EXECUTIVE POSITIONS AT THE UNIVERSITY. THUS, WHEN AN INDIVIDUAL EXECUTIVE ACQUIRES ADDITIONAL RESPONSIBILITIES ABOVE AND BEYOND THOSE TRADITIONALLY ASSOCIATED WITH THE GENERAL CATEGORY SET FORTH IN THE COMPARATIVE INDICES, THE BOARD MAY CONSIDER AND AWARD APPROPRIATE COMPENSATION. EXCEPTIONS TO THIS POLICY CAN OCCUR WHERE SPECIAL EXPERTISE, ACCOMPLISHMENT OR EXPERIENCES ARE REQUIRED IN A PARTICULAR POSITION OR AN URGENT NEED HAS ARISEN JUSTIFYING, IN THE BOARD'S ANALYSIS, COMPENSATION AT A LEVEL IN EXCESS OF THE POLICY RANGE ADOPTED BY THE BOARD. WHEN SUCH EXCEPTIONS ARISE, THE BOARD SHALL SET FORTH A STATEMENT OF THEIR REASONING SUPPORTING THE DEPARTURE FROM THE ESTABLISHED EXECUTIVE COMPENSATION POLICY. FINALLY, THE BOARD, IN EVERY THIRD YEAR, WILL ENGAGE AN OUTSIDE CONSULTANT TO VERIFY THAT TOTAL COMPENSATION PAID TO THE EXECUTIVES OF THE UNIVERSITY IS FAIR AND REASONABLE. FORM 990, PART VI, SECTION C, LINE 19 THE UNIVERSITY MAKES AVAILABLE TO THE PUBLIC ON ITS WEBSITE THE UNIVERSITY'S ARTICLES OF INCORPORATION, THE CONFLICT OF INTEREST POLICY, AND THE UNIVERSITY'S AUDITED FINANCIAL STATEMENTS. THE UNIVERSITY DOES NOT MAKE ITS BYLAWS AVAILABLE FOR PUBLIC INSPECTION. FORM 990, PART XI, LINE 9: CHANGE IN PENSION 1,837,186. THE NEUROPSYCHOLOGY ASSESSMENT CENTER ONE UNIVERSITY PLACE CHESTER PA 19013 421682886 EDUCATION PA 501(C)(3) LINE 12A, I WIDENER UNIVERSITY 1 THE WIDENER PARTNERSHIP CHARTER SCHOOL ONE UNIVERSITY PLACE CHESTER PA 19013 421705892 SCHOOL PA 501(C)(3) LINE 2 WIDENER UNIVERSITY 1 ACNP CORPORATION ONE UNIVERSITY PLACE CHESTER PA 19013 232540747 RESTAURANT PA WIDENER UNIVERSITY C 55160 1.00000 1 PROVIDENCE ENTERPRISES INC ONE UNIVERSITY PLACE CHESTER PA 19013 510260604 INACTIVE PA WIDENER UNIVERSITY C 1.00000 1 PIONEER PUB OF WIDENER INC ONE UNIVERSITY PLACE CHESTER PA 19013 232777365 REAL ESTATE PA WIDENER UNIVERSITY C 648685 1.00000 1 CARES TWENTY ONE SRL ONE UNIVERSITY PLACE CHESTER PA 19013 REAL ESTATE CS PIONEER PUB OF WIDENER INC C 709854 1.00000 1 1 0 0 0 0 0 0 0 0 1 0 1 0 1 0 0 1 0 0 THE WIDENER PARTNERSHIP CHARTER SCHOOL J 700000 CONTRACT PRICE THE WIDENER PARTNERSHIP CHARTER SCHOOL L 114037 CONTRACT PRICE THE WIDENER PARTNERSHIP CHARTER SCHOOL Q 4745885 CONTRACT PRICE SCHEDULE R, PART V, LINE 1N: THE UNIVERSITY SHARES ITS FACILITIES WITH NEUROPSYCHOLOGY ASSESSMENT CENTER AT WIDENER UNIVERSITY.