2022-05-04T13:02:46-05:00 2021-06-30 363990892 Capin Crouse LLP 1330 Avenue of the Americas Suite 23A New York NY 10019 990 2020-07-01 231409675 Eastern University EAST 6103415890 1300 Eagle Road St Davids PA 190873696 J Pernell Jones VP for Finance & Operations 6103415890 2022-05-04 1 J Pernell Jones 999009999 Ted R Batson Jr P00721951 5055022746 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z Ronald Matthews 1300 Eagle Road St Davids PA 190873696 96053947 0 X www.eastern.edu X 1952 PA Eastern University is a diverse, Christ-centered community preparing graduates to impact the world. 29 28 1311 50 33991 0 6862154 11568594 72052674 76062301 312040 965343 956516 624114 80183384 89220352 29812005 29729507 0 0 30138780 29502528 11000 44275 1671210 20750863 22876604 80712648 82152914 -529264 7067438 97736290 110068268 39314455 40355758 58421835 69712510 X Eastern University is a diverse, Christ-centered community preparing graduates to impact the world through faith, reason, and justice. 0 0 48445833 28204465 68260438 Instruction - Expenditures for all activities through which students earn credit toward postsecondary degrees or certificates, and the support services for the delivery of instruction. Includes expenditures for curriculum development, departmental research, education materials (e.g., libraries), laboratories and other services that directly assist the institution's academic functions, faculty development, and academic administration. 14707230 1215625 590336 Student Services - Funds expended for offices of admissions and registrar and those activities that contribute to the emotional and physical wellbeing of students, as well as their intellectual, cultural, and social development outside of the context of the formal instructional environment including student activities, counseling and career guidance, intercollegiate athletics, and student organizations. 5451446 309417 7790372 Auxiliary and Other Operations - Funds expended for auxiliary enterprises that generally operate as self-supporting programs by charging fees for the provision of goods and services; also includes expenditures for institutional support and plant operations attributable and/or allocable to the programmatic departments of the institution. 4181262 966 Academic Support - Funds expended to provide support services for the core, instructional mission of the University including operation of libraries and laboratories, instructional technologies, assessment, and academic administration. 4181262 966 72785771 1 1 0 0 0 0 0 0 0 1 1 0 0 1 1 0 1 0 1 1 1 0 1 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 1 5922 0 1 1311 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 29 28 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 PA X J Pernell Jones 6103415948 1300 Eagle Road St Davids PA 190873696 X Ronald Matthews President 40.00 X X 347018 0 41100 Kenton Sparks Provost 40.00 X 134640 0 88997 J Pernell Jones VP for Finance & Operations 40.00 X 146657 0 34309 Eric McCloy Chief Information Officer 40.00 X 128278 0 32282 Albert Socci Dean - College of Business 40.00 X 120777 0 26330 M Tom Ridington VP for Advancement 40.00 X 120013 0 25773 Melissa Snyder Assoc Dean-School of Nursing 40.00 X 113810 0 31610 Christine Mahan VP for Inst Research & Assessment 40.00 X 134452 0 8131 Patricia Reger Dean - CHSS 40.00 X 111312 0 23875 Jacqueline B Irving Vice Provost for Students 40.00 X 110663 0 14834 Steve Clemens Chairman of the Board 1.00 X X 0 0 0 Charles A Olson III First Vice Chair 1.00 X X 0 0 0 Ardell Thomas Second Vice Chair 1.00 X X 0 0 0 Ronald B Evans Secretary 1.00 X X 0 0 0 Louis Barbarin Treasurer 1.00 X X 0 0 0 Robert Tomlinson Board Member 1.00 X 0 0 0 Jacob Chatman Board Member 1.00 X 0 0 0 Rev Danny Cortes Board Member 1.00 X 0 0 0 Rev Albert G Davis Jr Board Member 1.00 X 0 0 0 Matthew Kane Board Member 1.00 X 0 0 0 Frank Frischkorn Board Member 1.00 X 0 0 0 Rev Dr W Wilson Goode Sr Board Member 1.00 X 0 0 0 Stacey Sauchuk Board Member 1.00 X 0 0 0 Aljit Joy Board Member 1.00 X 0 0 0 Jean Kim Board Member 1.00 X 0 0 0 Michael Mandarino Board Member 1.00 X 0 0 0 Michael McNamara Board Member 1.00 X 0 0 0 Jeffrey Morrison Board Member 1.00 X 0 0 0 Dennis Tanner PhD Board Member 1.00 X 0 0 0 Rev Dr Alyn E Waller Board Member 1.00 X 0 0 0 Leah Mulhearn Board Member 1.00 X 0 0 0 Jon Seltenheim Board Member 1.00 X 0 0 0 Adam Shute Board Member 1.00 X 0 0 0 Stephanie Summers Board Member 1.00 X 0 0 0 Donald Hilliard Jr Board Member 1.00 X 0 0 0 Jared Bass Board Member 1.00 X 0 0 0 Kara Price Board Member 1.00 X 0 0 0 Mario Martinez Board Member 1.00 X 0 0 0 1467620 0 327241 13 0 1 0 Sodexo Inc 1300 Eagle Rd St Davids PA 19087 Dining Services 1998739 CSI International 6700 N Andres Ave Suite 400 Ft Lauderdale FL 33309 Facility Services 786839 Tustin Mechanical Service 2555 Industry Lane Norristown PA 19403 Mechanical Services 445498 Blackman & Co Inc 2 W Eversham Rd Cherry Hill NJ 08003 Building Construction 441682 Whole Health Co LLC 1055 Westlakes Dr Berwyn PA 19312 Health Care Services 278075 14 233975 8235386 3099233 115197 11568594 Tuition and fees 611600 68293350 68293350 Auxiliary income 611600 7578002 7578002 Rental income 531390 190949 190949 76062301 544772 544772 2712 2712 3750 3750 0 0 7188000 6770141 417859 417859 417859 70016 233975 59704 10312 10312 Conferences 721310 23847 23847 Swimming pool 713990 10144 10144 579811 579811 613802 89220352 76642112 33991 975655 29375800 29375800 353707 353707 1129395 808339 321056 21735807 18405901 2541750 788156 836258 687825 117711 30722 4196727 3379553 677543 139631 1604341 1317123 214508 72710 59513 1255 58258 130594 130594 44275 44275 2509042 2104875 306202 97965 1990438 1982350 4233 3855 2400612 1922462 403685 74465 1498210 777857 629491 90862 2441076 2387068 54008 427946 388111 33377 6458 63212 59213 3685 314 1320201 976949 343252 3013831 2271019 742812 368249 30200 338049 Food Service & Dining 2701123 2699810 1313 Esperanza expense 1895462 1895462 Bad debt expense 799864 799864 Books/Magazines/Library 416579 416579 840652 552788 287123 741 82152914 72785771 7695933 1671210 3752 3410 9908042 15981992 58500 115746 5558512 6749774 1544337 1272584 114206148 73617408 41514674 40588740 28619186 33142541 498015 325653 10031272 11887828 97736290 110068268 4435131 3669044 3923581 4892775 28797886 27230796 2157857 4563143 39314455 40355758 X 30024101 36185063 28397734 33527447 58421835 69712510 97736290 110068268 X 7067438 5109924 -886687 X 0 1 X 1 1 1 X 4060832 5031784 4036184 6862154 11568594 31559548 4060832 5031784 4036184 6862154 11568594 31559548 912721 30646827 1043925 1126169 1391491 792813 551234 4905632 84725 62053 23253 170031 1151866 1193401 729198 704527 649827 4428819 41064030 370333302 0.74630 0.67510 X Schedule A, Part II, Line 10, Explanation of Other Income: Other income - 2016 Amount: $ 1,118,481. 2017 Amount: $ 1,129,080. 2018 Amount: $ 673,898. 2019 Amount: $ 704,527. 2020 Amount: $ 579,811. Special event revenue - 2016 Amount: $ 33,385. 2017 Amount: $ 64,321. 2018 Amount: $ 55,300. 2020 Amount: $ 70,016. Schedule A, Part II: The organization is a school as described under 170(b)(1)(A)(ii) and is not required to complete a public support schedule. Schedule A, Part II is completed to verify the School can qualify under public charity status section 170(b)(1)(A)(vi) and, therefore, qualifies to use the first listed special rule for Schedule B reporting. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 29772965 146605 6060035 447432 1119949 34412224 30450336 932644 331033 634526 1306522 29772965 30671842 598060 965618 590666 1194518 30450336 29034682 1258247 2129393 550021 1200459 30671842 26500329 918833 2950782 292235 1043027 29034682 0.10993 0.89007 0 0 5981578 5981578 78619528 49410106 29209422 1227438 207593 1019845 18277716 16575212 1702504 10099888 7424497 2675391 40588740 Beneficial interest in perpetual trusts 1194339 Due from Collegiate Housing Foundation 427681 Beneficial interest in remainder trusts 155841 Assets held for sale 7237500 Operating lease - right-of-use assets 2689994 Financing lease - right-of-use assets 182473 11887828 Annuities payable 703784 Student deposits 442761 Advances from federal gov't for student loans 188906 Operating lease liabilities 3041624 Financing lease liabilities 186068 4563143 64993161 5109924 293231 5403155 59590006 29630346 29630346 89220352 53702486 63454 63454 53639032 28513882 28513882 82152914 Part V, Line 4: Endowment funds are intended to earn investment income and to fund future operations. Part XI, Line 2d - Other Adjustments: Rent expenses 3,750. Fundraising event expenses 59,704. Change in value of beneficial interest in trusts 229,777. Part XI, Line 4b - Other Adjustments: Scholarships and Student Aid 28,513,882. Loss on impairment of assets held for sale 1,116,464. Part XII, Line 2d - Other Adjustments: Rent expenses 3,750. Fundraising event expenses 59,704. Part XII, Line 4b - Other Adjustments: Scholarships and Student Aid 28,513,882. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 The institution's racial nondiscriminatory policy is publicized through the homepage of the institution's website. Schedule E, Part I, Line 6 Title IV federal funds (e.g., Direct Loans, Pell, SEOG, FWS) are received for assistance to the University's eligible students. The University also received Higher Education Emergency Relief Funds as part of the Coronavirus Aid, Relief and Economic Security Act funding. 1 North America - Canada and Mexico 0 0 Grants to Recipients 353707 North America - Canada and Mexico 0 1 Program Services Education 166207 East Asia and the Pacific 0 2 Program services Recruiting Students, Education 67924 0 3 0 0 0 3 587838 0 587838 Financial aid North America - Canada and Mexico 74 353707 Apply as payment to student bill 0 0 0 0 0 0 Part I, Line 2: Grants are awarded to foreign individuals attending educational programs in foreign countries. Grants are awarded based on compliance with eligibility requirements. Awarded grants are applied directly by the University to the student tuition billing. Part I, line 3: Expenditures are accounted for using the accrual basis of accounting. Part III Accounting Method: X X X X X X X 1 Cedarstone Holdings LLC 209 E Liberty Dr Wheaton IL 60187 Capital Campaign 0 0 12000 -12000 Focus Group 521 A1a Beach Blvd St Augustine FL 32080 Fundraising Consulting 0 0 32275 -32275 44275 -44275 PA Jun 2021 Eastern Cup 157750 129526 28224 5000 1000 3530 Aug 2020 Eastern Cup 118450 83938 34512 15838 17400 1000 1914 1 27791 20511 7280 1702 12320 303991 233975 70016 1702 33158 17400 2000 5444 59704 10312 SChedule G, Part I, Line 2b, column (iv): The professional fundraising services were consulting in nature, no gross receipts were directly generated from the services provided. 1 Scholarships and grants to students for educational programs at the University 2940 27850758 Resident hall discounts/assistance 52 309417 CARES Act Grants 1103 1215625 Part I, Line 2: Grants are awarded to individuals based on compliance with eligibility requirements. Award grant and assistance amounts are applied by the University to the student tuition billing. X X 1 1 X X X X X X 0 0 0 0 0 0 0 0 0 Ronald Matthews President 338851 0 0 0 8167 0 19659 0 22513 0 389190 0 0 0 Kenton Sparks Provost 132090 0 0 0 2550 0 14000 0 76008 0 224648 0 0 0 J Pernell Jones VP for Finance & Operations 142937 0 0 0 3720 0 8919 0 26272 0 181848 0 0 0 Eric McCloy Chief Information Officer 128062 0 0 0 216 0 7846 0 25243 0 161367 0 0 0 Part I, Line 1a Travel for Companions The travel for companions is for the President's wife. The travel is for a bona fide business purpose and is not treated as taxable compensation. Housing Allowance Pursuant to the Internal Revenue Code Section 107, ministerial housing allowances are provided for qualifying ministerial employees. This is not included in taxable compensation. The Provost met the qualifications for and received a ministerial housing allowance during the tax year. A Delaware County Authority 231973437 245913JB5 2006-10-26 15802394 Construction 0 0 0 B Delaware County Authority 231973437 245913KZ0 2012-06-29 21511845 Refinancing of 1999/2010 bonds and construction 0 0 0 C Delaware County Authority 231973437 2013-01-02 4180000 Refinance of 2007 bonds 0 0 0 A 5300000 15864559 1047670 273510 394706 14148673 2008 0 0 1 1 B 6080000 21643471 2133097 399018 3500000 15611356 2012 1 0 1 1 C 2450000 4180000 80000 4100000 2013 1 0 1 1 A 0 0 0 0 0.00000 0.02540 0.02540 0 0 1 B 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 C 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 0 1 0 0 0 0 1 B 0 0 0 1 0 0 0 0 1 C 0 0 0 1 1 0 0 0 1 A 1 B 1 C 1 Date Rebate Computation Performed Issuer Name: Delaware County Authority Date the Rebate Computation was Performed: 09/09/2016 Issuer Name: Delaware County Authority Date the Rebate Computation was Performed: 06/29/2017 Issuer Name: Delaware County Authority Date the Rebate Computation was Performed: 02/05/2018 Part II, Line 3, Column D The total proceeds of issue reported on Part II, Line 3 differs from Part I, column (e) due to the inclusion of investment earnings. X 6 115197 Selling price 0 0 1 0 Part I, Column (b): The number of contributions represent the number of contributions received, not the number of items donated. Form 990, Part VI, Section A, line 1 The Executive Committee is composed of officers of the Board; the Chairpersons of Standing Committees of the Board; the President of the University, and such other Board members, not to exceed two in number, as shall be appointed by the Chairperson of the Board. Subject to the provisions of the University's Charter and Bylaws, the Executive Committee exercises all powers of the Board of Trustees in the interim between meetings of the Board. Form 990, Part VI, Section B, line 11b The Form 990 is prepared by an independent CPA firm. Prior to filing the Form 990, the return is reviewed in detail by the VP for Finance & Operations, Director of Accounting & Finance, Treasurer (Chair of the Board Finance & Operations Committee), and the Chair of the Audit Committee. The Form 990 is distributed in electronic form to the entire Board of Trustees prior to filing. Form 990, Part VI, Section B, line 12c The conflict of interest policy is included in the employee handbook of the University, and it is monitored and enforced by departmental and/or divisional managers. Officers, trustees, and key employees are annually required to disclose interests that could give rise to conflicts. Should any potential conflicts of interest be disclosed, the trustee or officer would be asked to refrain from participation in any decision with regard to matters affected by the relationship. Form 990, Part VI, Section B, line 15 Line 15a - The compensation for the President is established by the Executive Compensation Committee of the Board of Trustees. The Committee reviews market data as to compensation levels for comparable positions at similar organizations, and it maintains minutes of its meetings. The most recent analysis was completed in February 2022 and included a review of a compensation survey completed by the CCCU, as well as an internal review of compensation reported by peer and aspirant institutions on Form 990s. Line 15b - The President determines compensation for all other officers using comparability data and the deliberation and decision are documented. Form 990, Part VI, Section C, line 19 The institution's governing documents, conflict of interest policy and financial statements are available upon request. Form 990, Part VII, Section A and Sch J, Part II Compensation reported in Part VII, column D and Schedule J, Part II, column B is the amount reported on the individual's W-2, box 1 or 5 (whichever amount is greater) per the IRS instructions. In the case of minister's compensation when box 5 of the W-2 is not applicable, box 1 compensation is used. Employee deferrals to qualified retirement plans are normally captured in box 5, not box 1 of Form W-2. For reporting purposes we have included the employee's retirement plan deferrals in Part VII, column F and Schedule J, Part II, column C. Form 990, Part XI, line 9: Loss on impairment of assets held for sale -1,116,464. Change in value of beneficial interest in trusts 229,777. Charitable Remainder Unitrust (2) Charitable Remainder Unitrust PA T 1 Charitable Remainder Unitrust (1) Charitable Remainder Unitrust CT T 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0