EASTERN UNIVERSITY: Form 990, tax year 2019
View the entire original 990 at ProPublica ↗
- Organization
- EASTERN UNIVERSITY (EIN 23-1409675)
- Tax period
- 2019-07-01 to 2020-06-30
- Filed
- 2021-05-10
- IRS object ID
- 202141309349301974
- Schema version
- 2019v5.2
- 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 D
- Schedule E
- Schedule F
- Schedule I
- Schedule J
- Schedule K
- Schedule L
- Schedule M
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2021-05-10T13:17:15-05:00 | ReturnTs |
| Tax Period End | 2020-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 363990892 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Capin Crouse LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1330 Avenue of the Americas Suite | AddressLine1Txt |
| Address Line2 | 23A | AddressLine2Txt |
| City | New York | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10019 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2019-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 231409675 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Eastern University | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | EAST | BusinessNameControlTxt |
| Phone | 6103415890 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1300 Eagle Road | AddressLine1Txt |
| City | St Davids | CityNm |
| State Abbreviation | PA | StateAbbreviationCd |
| ZIP | 190873696 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | J Pernell Jones | PersonNm |
| Person Title | VP for Finance & Operations | PersonTitleTxt |
| Phone | 6103415890 | PhoneNum |
| Signature | 2021-05-10 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Ted R Batson Jr | PreparerPersonNm |
| PTIN | P00721951 | PTIN |
| Phone | 5055022746 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2019 | TaxYr |
| Build TS | 2022-09-23 18:48:47Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | Ronald Matthews | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1300 Eagle Road | AddressLine1Txt |
| City | St Davids | CityNm |
| State Abbreviation | PA | StateAbbreviationCd |
| ZIP | 190873696 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $110,686,298 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | www.eastern.edu | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1952 | FormationYr |
| Legal Domicile State | PA | LegalDomicileStateCd |
| Activity Or Mission | Educational services producing lives of Christian faith, leadership and service | ActivityOrMissionDesc |
| Voting Members Governing Body | 25 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 24 | VotingMembersIndependentCnt |
| Total Employee | 1519 | TotalEmployeeCnt |
| Total Volunteers | 50 | TotalVolunteersCnt |
| Total Gross UBI | $240,388 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $4,036,184 | PYContributionsGrantsAmt |
| CY Contributions Grants | $6,862,154 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $73,909,520 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $72,052,674 | CYProgramServiceRevenueAmt |
| PY Investment Income | $826,363 | PYInvestmentIncomeAmt |
| CY Investment Income | $312,040 | CYInvestmentIncomeAmt |
| PY Other Revenue | $1,431,642 | PYOtherRevenueAmt |
| CY Other Revenue | $956,516 | CYOtherRevenueAmt |
| PY Total Revenue | $80,203,709 | PYTotalRevenueAmt |
| CY Total Revenue | $80,183,384 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $29,206,567 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $29,812,005 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $30,161,761 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $30,138,780 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $20,931 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $11,000 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $1,560,628 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $21,653,557 | PYOtherExpensesAmt |
| CY Other Expenses | $20,750,863 | CYOtherExpensesAmt |
| PY Total Expenses | $81,042,816 | PYTotalExpensesAmt |
| CY Total Expenses | $80,712,648 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | -$839,107 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$529,264 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $97,312,015 | TotalAssetsBOYAmt |
| Total Assets EOY | $97,736,290 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $37,587,928 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $39,314,455 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $59,724,087 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $58,421,835 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | Eastern University is a Christian university dedicated through teaching and learning, scholarship, service, spiritual formation, student development, and stewardship to the preparation of undergraduate, theological, and graduate students for thoughtful and productive lives of Christian faith, leadership, and service. Achievement of that mission requires that the University manage effectively and justly the resources with which it is entrusted and that students evince a Christian world view through action and voice; advance critical thinking, reflection, analysis, and communication skills; develop intellectual curiousity, passion and agility; demonstrate knowledge and competencies in the arts, sciences, and professions; assume responsibility for justice - especially social, political and economic justice; assume responsibility for Godly stewardship of all resources; discern the ethical consequences of decisions and actions. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $48,823,676 | ExpenseAmt |
| Grant | $28,379,121 | GrantAmt |
| Revenue | $63,795,872 | RevenueAmt |
| Desc | 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. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $12,757,671 | ExpenseAmt |
| Grant | $1,103,370 | GrantAmt |
| Revenue | $198,353 | RevenueAmt |
| Desc | 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. | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $5,244,323 | ExpenseAmt |
| Grant | $329,514 | GrantAmt |
| Revenue | $8,762,155 | RevenueAmt |
| Desc | 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. | Desc |
Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $3,980,766 | ExpenseAmt |
| Revenue | $821 | RevenueAmt |
| Desc | 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. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Prog Srvc Expense | $3,980,766 | TotalOtherProgSrvcExpenseAmt |
| Total Other Prog Srvc Revenue | $821 | TotalOtherProgSrvcRevenueAmt |
| Total Program Service Expenses | $70,806,436 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | 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 | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | Yes (1) | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | 0 | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (1) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | Yes (1) | SchoolOperatingInd |
| Foreign Office | Yes (1) | ForeignOfficeInd |
| Foreign Activities | Yes (1) | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | Yes (1) | 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 | Yes (1) | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | Yes (1) | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | Yes (1) | 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 | 4447 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 1519 | 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 | 25 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 24 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | 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
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | J Pernell Jones | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 6103415948 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1300 Eagle Road | AddressLine1Txt |
| City | St Davids | CityNm |
| State Abbreviation | PA | StateAbbreviationCd |
| ZIP | 190873696 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part VII | Yes (X) | InfoInScheduleOPartVIIInd |
Form990 Part VII Section A Form990PartVIISectionAGrp (38 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Former Ofcr Director TrusteeFormerOfcrDirectorTrusteeInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|---|
| Robert Duffett | ||||||||
| Former President | 40.00 | Yes (X) | $159,843 | $0 | $212,487 | |||
| Ronald Matthews | ||||||||
| President | 40.00 | $308,382 | $0 | $33,673 | Yes (X) | Yes (X) | ||
| Kenton Sparks | ||||||||
| Provost | 40.00 | $139,345 | $0 | $84,664 | Yes (X) | |||
| J Pernell Jones | ||||||||
| VP for Finance & Operations | 40.00 | $143,509 | $0 | $29,364 | Yes (X) | |||
| Kathy Meza | ||||||||
| VP for Advancement (part year) | 40.00 | $146,829 | $0 | $18,407 | Yes (X) | |||
| Eric McCloy | ||||||||
| Chief Information Officer | 40.00 | $121,495 | $0 | $29,704 | Yes (X) | |||
| Albert Socci | ||||||||
| Dean - CBL | 40.00 | $118,947 | $0 | $31,364 | Yes (X) | |||
| Christine Mahan | ||||||||
| VP for Inst Research & Assessment | 40.00 | $128,114 | $0 | $4,355 | Yes (X) | |||
| Patricia Reger | ||||||||
| Dean - CHSS | 40.00 | $107,567 | $0 | $21,101 | Yes (X) | |||
| Susan Edgar-Smith | ||||||||
| Dean - College of Education | 40.00 | $112,676 | $0 | $3,234 | Yes (X) | |||
| Jacqueline B Irving | ||||||||
| Vice Provost for Students | 40.00 | $103,637 | $0 | $10,727 | Yes (X) | |||
| Steve Clemens | ||||||||
| Chairman of the Board | 1.00 | $0 | $0 | $0 | Yes (X) | Yes (X) | ||
| Charles A Olson III | ||||||||
| First Vice Chair | 1.00 | $0 | $0 | $0 | Yes (X) | Yes (X) | ||
| Ardell Thomas | ||||||||
| Second Vice Chair | 1.00 | $0 | $0 | $0 | Yes (X) | Yes (X) | ||
| Ronald B Evans | ||||||||
| Secretary | 1.00 | $0 | $0 | $0 | Yes (X) | Yes (X) | ||
| Louis Barbarin | ||||||||
| Treasurer | 1.00 | $0 | $0 | $0 | Yes (X) | Yes (X) | ||
| Robert Tomlinson | ||||||||
| Board Member | 1.00 | $0 | $0 | $0 | Yes (X) | |||
| Jacob Chatman | ||||||||
| Board Member | 1.00 | $0 | $0 | $0 | Yes (X) | |||
| Rev Danny Cortes | ||||||||
| Board Member | 1.00 | $0 | $0 | $0 | Yes (X) | |||
| Rev Albert G Davis Jr | ||||||||
| Board Member | 1.00 | $0 | $0 | $0 | Yes (X) | |||
| Matthew Kane | ||||||||
| Board Member | 1.00 | $0 | $0 | $0 | Yes (X) | |||
| Frank Frischkorn | ||||||||
| Board Member | 1.00 | $0 | $0 | $0 | Yes (X) | |||
| Rev Dr W Wilson Goode Sr | ||||||||
| Board Member | 1.00 | $0 | $0 | $0 | Yes (X) | |||
| Stacey Sauchuk | ||||||||
| Board Member | 1.00 | $0 | $0 | $0 | Yes (X) | |||
| Aljit Joy | ||||||||
| Board Member | 1.00 | $0 | $0 | $0 | Yes (X) | |||
| Jean Kim | ||||||||
| Board Member | 1.00 | $0 | $0 | $0 | Yes (X) | |||
| Michael Mandarino | ||||||||
| Board Member | 1.00 | $0 | $0 | $0 | Yes (X) | |||
| Michael McNamara | ||||||||
| Board Member | 1.00 | $0 | $0 | $0 | Yes (X) | |||
| Jeffrey Morrison | ||||||||
| Board Member | 1.00 | $0 | $0 | $0 | Yes (X) | |||
| Dennis Tanner PhD | ||||||||
| Board Member | 1.00 | $0 | $0 | $0 | Yes (X) | |||
| Rev Dr Alyn E Waller | ||||||||
| Board Member | 1.00 | $0 | $0 | $0 | Yes (X) | |||
| Leah Mulhearn | ||||||||
| Board Member | 1.00 | $0 | $0 | $0 | Yes (X) | |||
| Jon Seltenheim | ||||||||
| Board Member | 1.00 | $0 | $0 | $0 | Yes (X) | |||
| Adam Shute | ||||||||
| Board Member | 1.00 | $0 | $0 | $0 | Yes (X) | |||
| Stephanie Summers | ||||||||
| Board Member | 1.00 | $0 | $0 | $0 | Yes (X) | |||
| Kevin Cramton | ||||||||
| Board Member (part year) | 1.00 | $0 | $0 | $0 | Yes (X) | |||
| Richardson T Merriman | ||||||||
| Board Member (part year) | 1.00 | $0 | $0 | $0 | Yes (X) | |||
| Tom Ridington | ||||||||
| VP for Advancement | 40.00 | $0 | $0 | $0 | Yes (X) | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $1,590,344 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $479,080 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 11 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | Yes (1) | 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 Inc | |||||
| 1300 Eagle Rd | St Davids | PA | 19087 | Dining Services | $1,486,264 |
| CSI International | |||||
| 6700 N Andres Ave Suite 400 | Ft Lauderdale | FL | 33309 | Facility Services | $377,763 |
| Shearon Environmental Design | |||||
| 5160 Militia Hill Rd | Plymouth Meeting | PA | 19462 | Landscaping Design & Maintenance | $192,718 |
| Tustin Mechanical Service | |||||
| 2555 Industry Lane | Norristown | PA | 19403 | Mechanical Services | $126,679 |
| D2L LTD | |||||
| 210 W Pennsylvania Ave | Towson | MD | 21204 | Learning Management Systems | $121,970 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 9 | CntrctRcvdGreaterThan100KCnt |
| Government Grants | $3,697,508 | GovernmentGrantsAmt |
| All Other Contributions | $3,164,646 | AllOtherContributionsAmt |
| Noncash Contributions | $68,596 | NoncashContributionsAmt |
| Total Contributions | $6,862,154 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| Tuition and fees | 611600 | $63,795,872 | $63,795,872 |
| Auxiliary income | 611600 | $7,844,289 | $7,844,289 |
| Rental income | 531390 | $412,513 | $412,513 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $72,052,674 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $717,526 | TotalRevenueColumnAmt |
| Exclusion | $717,526 | ExclusionAmt |
Incm From Invest Bond Proceeds IncmFromInvestBondProceedsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $52,606 | TotalRevenueColumnAmt |
| Exclusion | $52,606 | ExclusionAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $22,681 | RealAmt |
Less Rental Expenses LessRentalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $11,080 | RealAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $11,601 | RealAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $11,601 | TotalRevenueColumnAmt |
| Exclusion | $11,601 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $30,033,742 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $30,491,834 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | -$458,092 | SecuritiesAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$458,092 | TotalRevenueColumnAmt |
| Exclusion | -$458,092 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Unrelated Business RevenueUnrelatedBusinessRevenueAmt |
|---|---|---|---|
| Conferences | 721310 | $233,996 | $233,996 |
| Swimming pool | 713990 | $6,392 | $6,392 |
Miscellaneous Revenue MiscellaneousRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $704,527 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $704,527 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $944,915 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $80,183,384 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $72,757,201 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $240,388 | UnrelatedBusinessRevenueAmt |
| Exclusion | $323,641 | ExclusionAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $29,507,218 | TotalAmt |
| Program Services | $29,507,218 | ProgramServicesAmt |
Foreign Grants ForeignGrantsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $304,787 | TotalAmt |
| Program Services | $304,787 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,027,158 | TotalAmt |
| Management And General | $777,608 | ManagementAndGeneralAmt |
| Fundraising | $249,550 | FundraisingAmt |
Comp Disqual Persons CompDisqualPersonsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $271,246 | TotalAmt |
| Program Services | $23,726 | ProgramServicesAmt |
| Management And General | $247,520 | ManagementAndGeneralAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $21,593,610 | TotalAmt |
| Program Services | $18,580,139 | ProgramServicesAmt |
| Management And General | $2,293,331 | ManagementAndGeneralAmt |
| Fundraising | $720,140 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,201,019 | TotalAmt |
| Program Services | $958,609 | ProgramServicesAmt |
| Management And General | $191,999 | ManagementAndGeneralAmt |
| Fundraising | $50,411 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,473,493 | TotalAmt |
| Program Services | $3,636,035 | ProgramServicesAmt |
| Management And General | $718,151 | ManagementAndGeneralAmt |
| Fundraising | $119,307 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,572,254 | TotalAmt |
| Program Services | $1,303,731 | ProgramServicesAmt |
| Management And General | $204,958 | ManagementAndGeneralAmt |
| Fundraising | $63,565 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $98,497 | TotalAmt |
| Program Services | $6,335 | ProgramServicesAmt |
| Management And General | $92,162 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $115,203 | TotalAmt |
| Management And General | $115,203 | ManagementAndGeneralAmt |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $11,000 | TotalAmt |
| Fundraising | $11,000 | FundraisingAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $30,702 | TotalAmt |
| Management And General | $30,702 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,991,666 | TotalAmt |
| Program Services | $1,630,854 | ProgramServicesAmt |
| Management And General | $288,741 | ManagementAndGeneralAmt |
| Fundraising | $72,071 | FundraisingAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,637,592 | TotalAmt |
| Program Services | $1,619,154 | ProgramServicesAmt |
| Management And General | $1,711 | ManagementAndGeneralAmt |
| Fundraising | $16,727 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,479,551 | TotalAmt |
| Program Services | $1,044,786 | ProgramServicesAmt |
| Management And General | $335,404 | ManagementAndGeneralAmt |
| Fundraising | $99,361 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,482,903 | TotalAmt |
| Program Services | $518,284 | ProgramServicesAmt |
| Management And General | $853,992 | ManagementAndGeneralAmt |
| Fundraising | $110,627 | FundraisingAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,954,258 | TotalAmt |
| Program Services | $1,865,200 | ProgramServicesAmt |
| Management And General | $89,058 | ManagementAndGeneralAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,072,386 | TotalAmt |
| Program Services | $958,990 | ProgramServicesAmt |
| Management And General | $79,290 | ManagementAndGeneralAmt |
| Fundraising | $34,106 | FundraisingAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $107,686 | TotalAmt |
| Program Services | $88,439 | ProgramServicesAmt |
| Management And General | $5,829 | ManagementAndGeneralAmt |
| Fundraising | $13,418 | FundraisingAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,403,073 | TotalAmt |
| Program Services | $1,057,917 | ProgramServicesAmt |
| Management And General | $345,156 | ManagementAndGeneralAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,015,756 | TotalAmt |
| Program Services | $2,283,095 | ProgramServicesAmt |
| Management And General | $732,661 | ManagementAndGeneralAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $292,917 | TotalAmt |
| Program Services | $197 | ProgramServicesAmt |
| Management And General | $292,720 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (3 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt |
|---|---|---|
| Food Service & Dining | $2,392,748 | $2,392,748 |
| Esperanza expense | $1,977,480 | $1,977,480 |
| Books/Magazines/Library | $400,491 | $400,491 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,297,954 | TotalAmt |
| Program Services | $648,221 | ProgramServicesAmt |
| Management And General | $649,388 | ManagementAndGeneralAmt |
| Fundraising | $345 | FundraisingAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $80,712,648 | TotalAmt |
| Program Services | $70,806,436 | ProgramServicesAmt |
| Management And General | $8,345,584 | ManagementAndGeneralAmt |
| Fundraising | $1,560,628 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,200 | BOYAmt |
| EOY | $3,752 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $8,930,713 | BOYAmt |
| EOY | $9,908,042 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $21,836 | BOYAmt |
| EOY | $58,500 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,759,786 | BOYAmt |
| EOY | $5,558,512 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,781,761 | BOYAmt |
| EOY | $1,544,337 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $112,118,250 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $70,603,576 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $41,941,739 | BOYAmt |
| EOY | $41,514,674 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $29,255,529 | BOYAmt |
| EOY | $28,619,186 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $746,186 | BOYAmt |
| EOY | $498,015 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $10,868,265 | BOYAmt |
| EOY | $10,031,272 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $97,312,015 | BOYAmt |
| EOY | $97,736,290 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,831,252 | BOYAmt |
| EOY | $4,435,131 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,124,921 | BOYAmt |
| EOY | $3,923,581 | EOYAmt |
Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $30,302,967 | BOYAmt |
| EOY | $28,797,886 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,328,788 | BOYAmt |
| EOY | $2,157,857 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $37,587,928 | BOYAmt |
| EOY | $39,314,455 | 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 | $30,001,372 | BOYAmt |
| EOY | $30,024,101 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $29,722,715 | BOYAmt |
| EOY | $28,397,734 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $59,724,087 | BOYAmt |
| EOY | $58,421,835 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $97,312,015 | BOYAmt |
| EOY | $97,736,290 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | -$529,264 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | -$22,988 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | -$750,000 | OtherChangesInNetAssetsAmt |
| 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 |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $3,871,210 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $4,060,832 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $5,031,784 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $4,036,184 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $6,862,154 | CurrentTaxYearAmt |
| Total | $23,862,164 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $3,871,210 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $4,060,832 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $5,031,784 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $4,036,184 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $6,862,154 | CurrentTaxYearAmt |
| Total | $23,862,164 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $580,811 | SubstantialContributorsTotAmt |
| Public Support Total170 | $23,281,353 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $1,317,985 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $1,043,925 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $1,126,169 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $1,391,491 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $792,813 | CurrentTaxYearAmt |
| Total | $5,672,383 | TotalAmt |
Unrelated Business Net Incm170 UnrelatedBusinessNetIncm170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus3 Years | $84,725 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $62,053 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $23,253 | CurrentTaxYearMinus1YearAmt |
| Total | $170,031 | TotalAmt |
Other Income170 OtherIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $1,003,228 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $1,151,866 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $1,193,401 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $729,198 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $704,527 | CurrentTaxYearAmt |
| Total | $4,782,220 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $34,486,798 | TotalSupportAmt |
| Gross Receipts Rltd Activities | $368,402,532 | GrossReceiptsRltdActivitiesAmt |
| Public Support CY170 | 0.67510 | PublicSupportCY170Pct |
| Public Support PY170 | 0.64620 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Form990 Schedule A Part VI Form990ScheduleAPartVIGrp (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Schedule A, Part II, Line 10, Explanation of Other Income: | Other income - 2015 Amount: $ 988,002. 2016 Amount: $ 1,118,481. 2017 Amount: $ 1,129,080. 2018 Amount: $ 673,898. 2019 Amount: $ 704,527. Special event revenue - 2015 Amount: $ 15,226. 2016 Amount: $ 33,385. 2017 Amount: $ 64,321. 2018 Amount: $ 55,300. 2019 Amount: $ 0. |
| 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. |
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 D IRS990ScheduleD
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $30,450,336 | BeginningYearBalanceAmt |
| Contributions | $932,644 | ContributionsAmt |
| Investment Earnings Or Losses | $331,033 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $634,526 | GrantsOrScholarshipsAmt |
| Other Expenditures | $1,306,522 | OtherExpendituresAmt |
| End Year Balance | $29,772,965 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $30,671,842 | BeginningYearBalanceAmt |
| Contributions | $598,060 | ContributionsAmt |
| Investment Earnings Or Losses | $965,618 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $590,666 | GrantsOrScholarshipsAmt |
| Other Expenditures | $1,194,518 | OtherExpendituresAmt |
| End Year Balance | $30,450,336 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $29,034,682 | BeginningYearBalanceAmt |
| Contributions | $1,258,247 | ContributionsAmt |
| Investment Earnings Or Losses | $2,129,393 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $550,021 | GrantsOrScholarshipsAmt |
| Other Expenditures | $1,200,459 | OtherExpendituresAmt |
| End Year Balance | $30,671,842 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $26,500,329 | BeginningYearBalanceAmt |
| Contributions | $918,833 | ContributionsAmt |
| Investment Earnings Or Losses | $2,950,782 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $292,235 | GrantsOrScholarshipsAmt |
| Other Expenditures | $1,043,027 | OtherExpendituresAmt |
| End Year Balance | $29,034,682 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $28,463,478 | BeginningYearBalanceAmt |
| Contributions | $357,462 | ContributionsAmt |
| Investment Earnings Or Losses | -$296,379 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $372,567 | GrantsOrScholarshipsAmt |
| Other Expenditures | $1,651,665 | OtherExpendituresAmt |
| End Year Balance | $26,500,329 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated Balance EOY | 0.10890 | BoardDesignatedBalanceEOYPct |
| Prmnnt Endowment Balance EOY | 0.89110 | PrmnntEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | 0 | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | 0 | EndowmentsHeldRelatedOrgInd |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $5,922,384 | OtherCostOrOtherBasisAmt |
| Book Value | $5,922,384 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $76,336,615 | OtherCostOrOtherBasisAmt |
| Depreciation | $46,240,519 | DepreciationAmt |
| Book Value | $30,096,096 | BookValueAmt |
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $1,227,438 | OtherCostOrOtherBasisAmt |
| Depreciation | $1,034,792 | DepreciationAmt |
| Book Value | $192,646 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $17,999,067 | OtherCostOrOtherBasisAmt |
| Depreciation | $16,210,306 | DepreciationAmt |
| Book Value | $1,788,761 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $10,632,746 | OtherCostOrOtherBasisAmt |
| Depreciation | $7,117,959 | DepreciationAmt |
| Book Value | $3,514,787 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $41,514,674 | TotalBookValueLandBuildingsAmt |
Other Assets Org OtherAssetsOrgGrp (4 entries)
| DescDesc | Book ValueBookValueAmt |
|---|---|
| Beneficial interest in perpetual trusts | $994,364 |
| Due from Collegiate Housing Foundation | $556,905 |
| Beneficial interest in remainder trusts | $126,039 |
| Assets held for sale | $8,353,964 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | $10,031,272 | TotalBookValueOtherAssetsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (3 entries)
| DescDesc | AmtAmt |
|---|---|
| Annuities payable | $872,062 |
| Student deposits | $993,831 |
| Advances from federal gov't for student loans | $291,964 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $2,157,857 | TotalLiabilityAmt |
| Total Rev Etc Audited Fincl Stmt | $50,682,139 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | -$22,988 | NetUnrealizedGainsInvstAmt |
| Other Revenue | $11,080 | OtherRevenueAmt |
| Revenue Not Reported | -$11,908 | RevenueNotReportedAmt |
| Revenue Subtotal | $50,694,047 | RevenueSubtotalAmt |
| Investment Expenses Not Incld | $30,702 | InvestmentExpensesNotIncldAmt |
| Other Revenues Not Included | $29,458,635 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | $29,489,337 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $80,183,384 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $51,984,391 | TotExpnsEtcAuditedFinclStmtAmt |
| Other Expenses Included | $11,080 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $11,080 | ExpensesNotReportedAmt |
| Expenses Subtotal | $51,973,311 | ExpensesSubtotalAmt |
| Investment Expenses Not Incld2 | $30,702 | InvestmentExpensesNotIncld2Amt |
| Other Expenses Not Included | $28,708,635 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $28,739,337 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $80,712,648 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (5 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Part V, Line 4: | Endowment funds are intended to earn investment income and to fund future operations. Form 990, Schedule D, Part V, Lines 2a-2c: In accordance with the principles of FASB ASU 2016-14 (ASC 958), the organization has implemented required changes to its audited financial statements for the period ended 06/30/2020. To date, Form 990 and its associated schedules have not been updated to reflect changes made by this standard. Thus, we have reported the revised net asset categories from the audited financial statements as follows on Form 990, Schedule D, Part V, Lines 2a-2c: Line 2a - Without donor restrictions Line 2b - With donor restrictions |
| Part XI, Line 2d - Other Adjustments: | Rent expense included on Part VIII, Line 6b 11,080. |
| Part XI, Line 4b - Other Adjustments: | Scholarships and Student Aid 28,708,635. Loss on impairment of assets held for sale 750,000. |
| Part XII, Line 2d - Other Adjustments: | Rent expense included on Part VIII, Line 6b 11,080. |
| Part XII, Line 4b - Other Adjustments: | Scholarships and Student Aid 28,708,635. |
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 | The organization currently enrolls students of racial minority groups in meaningful numbers consistent with the publicity exception found in Rev. Proc. 75-50 section 4.03(2)(c). |
| 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 recieved Higher Education Emergency Relief Funds as part of the Coronavirus Aid, Relief and Economic Security Act funding. |
Schedule F IRS990ScheduleF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Account Activities Outside US AccountActivitiesOutsideUSGrp (5 entries)
| RegionRegionTxt | OfficesOfficesCnt | EmployeeEmployeeCnt | Type Of Activities ConductedTypeOfActivitiesConductedTxt | Region Total ExpendituresRegionTotalExpendituresAmt | Specific Services ProvidedSpecificServicesProvidedTxt |
|---|---|---|---|---|---|
| North America - Canada and Mexico | 0 | 0 | Grants to Recipients | $291,975 | |
| North America - Canada and Mexico | 0 | 1 | Program Services | $143,905 | Education |
| East Asia and the Pacific | 0 | 4 | Program services | $68,938 | Recruiting Students, Education |
| Sub-Saharan Africa | 0 | 0 | Grants to Recipients | $12,812 | |
| Sub-Saharan Africa | 0 | 4 | Program services | $7,845 | Education |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Offices | 0 | SubtotalOfficesCnt |
| Subtotal Employees | 9 | SubtotalEmployeesCnt |
| Continuation Total Office | 0 | ContinuationTotalOfficeCnt |
| Continuation Total Employee | 0 | ContinuationTotalEmployeeCnt |
| Total Office | 0 | TotalOfficeCnt |
| Total Employee | 9 | TotalEmployeeCnt |
| Subtotal Spent | $525,475 | SubtotalSpentAmt |
| Continuation Spent | $0 | ContinuationSpentAmt |
| Total Spent | $525,475 | TotalSpentAmt |
Foreign Individuals Grants ForeignIndividualsGrantsGrp (2 entries)
| Type Of AssistanceTypeOfAssistanceTxt | RegionRegionTxt | RecipientRecipientCnt | Cash GrantCashGrantAmt | Manner Of Cash DisbursementMannerOfCashDisbursementTxt |
|---|---|---|---|---|
| Financial aid | Sub-Saharan Africa | 2 | $12,812 | Apply as payment to student bill |
| Financial aid | North America - Canada and Mexico | 67 | $291,975 | Apply as payment to student bill |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Transfer To Foreign Corp | 0 | TransferToForeignCorpInd |
| Interest In Foreign Trust | 0 | InterestInForeignTrustInd |
| Foreign Corp Ownership | 0 | ForeignCorpOwnershipInd |
| Passive Foreign Investmest Co | 0 | PassiveForeignInvestmestCoInd |
| Foreign Partnership | 0 | ForeignPartnershipInd |
| Boycott Countries | 0 | BoycottCountriesInd |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| 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: |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp (3 entries)
| Grant TypeGrantTypeTxt | RecipientRecipientCnt | Cash GrantCashGrantAmt |
|---|---|---|
| Scholarships and grants to students for educational programs at the University | 3423 | $28,074,334 |
| Resident hall discounts/assistance | 810 | $329,514 |
| CARES Act Grants | 1231 | $1,103,370 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Part I, Line 2: | FormAndLineReferenceDesc |
| Explanation | 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. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Travel For Companions | Yes (X) | TravelForCompanionsInd |
| Housing Allowance Or Residence | Yes (X) | HousingAllowanceOrResidenceInd |
| Written Policy Ref T And E Expnss | Yes (1) | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | Yes (1) | SubstantiationRequiredInd |
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Independent Consultant | Yes (X) | IndependentConsultantInd |
| Form990 Of Other Organizations | Yes (X) | Form990OfOtherOrganizationsInd |
| Written Employment Contract | Yes (X) | WrittenEmploymentContractInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | Yes (1) | 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 | 0 | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (7 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Robert Duffett | ||||||||||||||
| Former President | $0 | $0 | $0 | $0 | $159,843 | $0 | $57,700 | $0 | $154,788 | $0 | $372,331 | $0 | $0 | $0 |
| Ronald Matthews | ||||||||||||||
| President | $306,405 | $0 | $0 | $0 | $1,977 | $0 | $9,757 | $0 | $25,290 | $0 | $343,429 | $0 | $0 | $0 |
| Kenton Sparks | ||||||||||||||
| Provost | $131,683 | $0 | $0 | $0 | $7,662 | $0 | $9,188 | $0 | $76,472 | $0 | $225,005 | $0 | $0 | $0 |
| J Pernell Jones | ||||||||||||||
| VP for Finance & Operations | $135,148 | $0 | $0 | $0 | $8,361 | $0 | $4,427 | $0 | $25,790 | $0 | $173,726 | $0 | $0 | $0 |
| Kathy Meza | ||||||||||||||
| VP for Advancement (part year) | $141,088 | $0 | $0 | $0 | $5,741 | $0 | $4,292 | $0 | $14,948 | $0 | $166,069 | $0 | $0 | $0 |
| Eric McCloy | ||||||||||||||
| Chief Information Officer | $121,288 | $0 | $0 | $0 | $207 | $0 | $3,894 | $0 | $26,583 | $0 | $151,972 | $0 | $0 | $0 |
| Albert Socci | ||||||||||||||
| Dean - CBL | $118,532 | $0 | $0 | $0 | $415 | $0 | $3,900 | $0 | $28,136 | $0 | $150,983 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| 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 and former President met the qualifications for and received a ministerial housing allowance during the tax year. |
| Part I, Line 4a | Robert Duffett, Former President, received a separation of services payment of $372,330 in 2019. |
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 |
|---|---|---|---|---|---|---|---|---|
| Delaware County Authority | ||||||||
| A | 231973437 | 245913JB5 | 2006-10-26 | $15,802,394 | Construction | 0 | 0 | 0 |
| Delaware County Authority | ||||||||
| B | 231973437 | 245913KZ0 | 2012-06-29 | $21,511,845 | Refinancing of 1999/2010 bonds and construction | 0 | 0 | 0 |
| Delaware County Authority | ||||||||
| C | 231973437 | 2013-01-02 | $4,180,000 | Refinance of 2007 bonds | 0 | 0 | 0 | |
Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp (3 entries)
| Bond ReferenceBondReferenceCd | RetiredRetiredAmt | Total ProceedsTotalProceedsAmt | In Reserve FundInReserveFundAmt | Issuance Costs From ProceedsIssuanceCostsFromProceedsAmt | Credit EnhancementCreditEnhancementAmt | Capital ExpendituresCapitalExpendituresAmt | Substantial CompletionSubstantialCompletionYr | Refunding Tax Exempt BondsRefundingTaxExemptBondsInd | Refunding Taxable BondsRefundingTaxableBondsInd | Final Allocation MadeFinalAllocationMadeInd | Adequate Books And Rec MaintAdequateBooksAndRecMaintInd | Other Spent ProceedsOtherSpentProceedsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| A | $4,815,000 | $15,863,675 | $1,046,786 | $291,400 | $394,705 | $14,130,784 | 2008 | 0 | 0 | Yes (1) | Yes (1) | |
| B | $5,290,000 | $21,641,673 | $2,131,298 | $399,019 | $3,500,000 | 2012 | Yes (1) | 0 | Yes (1) | Yes (1) | $15,611,356 | |
| C | $2,125,000 | $4,180,000 | $80,000 | 2013 | Yes (1) | 0 | Yes (1) | Yes (1) | $4,100,000 |
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 | Private Bus Concerning UBIPrivateBusConcerningUBIPct | Total Private Business UseTotalPrivateBusinessUsePct | Bond Iss Meet Prvt Sec Pymt TestBondIssMeetPrvtSecPymtTestInd | Change In Use Bond Financed PropChangeInUseBondFinancedPropInd | Procs Nonqualified Bond RemdtdProcsNonqualifiedBondRemdtdInd |
|---|---|---|---|---|---|---|---|---|---|
| A | 0 | 0 | 0 | 0 | 0.02540 | 0.02540 | 0 | 0 | Yes (1) |
| B | 0 | 0 | 0 | 0 | 0.00000 | 0.00000 | 0 | 0 | Yes (1) |
| C | 0 | 0 | 0 | 0 | 0.00000 | 0.00000 | 0 | 0 | Yes (1) |
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) | Yes (1) | 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 (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| 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. |
Schedule L IRS990ScheduleL
Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp
Name Of Interested NameOfInterested
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | E Merriman | PersonNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Relationship Description | Family member Richardson T. Merriman, Board Member | RelationshipDescriptionTxt |
| Transaction | $23,726 | TransactionAmt |
| Transaction | Compensation | TransactionDesc |
| Sharing Of Revenues | 0 | SharingOfRevenuesInd |
Schedule M IRS990ScheduleM
Securities Publicly Traded SecuritiesPubliclyTradedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 6 | ContributionCnt |
| Noncash Contributions Rpt F990 | $68,596 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | Selling price | MethodOfDeterminingRevenuesTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form8283 Received | 0 | Form8283ReceivedCnt |
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeldInd |
| Review Process Unusual NC Gifts | Yes (1) | ReviewProcessUnusualNCGiftsInd |
| Third Parties Used | 0 | ThirdPartiesUsedInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Part I, Column (b): | FormAndLineReferenceDesc |
| Explanation | The number of contributions represent the number of contributions received, not the number of items donated. | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (7 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| 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, Controller, 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 | 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 process was last completed during the 2015-16 tax year during which the Committee engaged a compensation consultant. 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 -750,000. |
Schedule R IRS990ScheduleR
Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp (2 entries)
| Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Entity TypeEntityTypeTxt | Controlled OrganizationControlledOrganizationInd |
|---|---|---|---|
| Charitable Remainder Unitrust (2) | |||
| Charitable Remainder Unitrust | PA | T | Yes (1) |
| Charitable Remainder Unitrust (1) | |||
| Charitable Remainder Unitrust | CT | T | Yes (1) |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | 0 | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | 0 | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | 0 | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | 0 | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | 0 | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | 0 | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | 0 | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | 0 | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | 0 | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | 0 | SharingOfFacilitiesInd |
| Paid Employees Sharing | 0 | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | 0 | TransferToOtherOrgInd |
| Transfer From Other Org | 0 | TransferFromOtherOrgInd |