2020-07-14T10:57:07-05:00 2019-06-30 BDO USA LLP 1100 Peachtree Street Suite 700 ATLANTA GA 303094516 990 2018-07-01 231352665 Delaware Valley University % CHERYL A MOYER DELA 2154894898 700 EAST BUTLER AVE DOYLESTOWN PA 189012607 CHERYL A MOYER INTERIM VP Finance 2154894898 2020-07-14 true Sandra L Feinsmith P01064157 4046886841 2020-07-13 73.184.37.52 58727420201965000007 2020-07-14 P A48637A4D3A10C935CF123510934335F52266694 B5C7D6451486FF9E48FCEB35A1F3D976698BA3D4 2018 2021-01-29 14:40:06Z X Dr maria gallo 700 EAST BUTLER AVE DOYLESTOWN PA 189012607 97920246 false X www.delval.edu X 1896 PA A PRIVATE FOUR-YEAR UNIVERSITY PROVIDING HIGHER EDUCATION TO INDIVIDUALS SEEKING ADVANCEMENT. 24 24 1668 2150 -62827 2778214 3112055 71396010 73299599 1667329 793948 15115482 15921894 90957035 93127496 32758575 35262702 0 0 36806896 37838363 0 0 1282677 21777871 21778694 91343342 94879759 -386307 -1752263 114492950 111285862 46628700 44669175 67864250 66616687 X WE ARE INSPIRED BY THE IDEALS OF OUR FOUNDER WHO, IN 1896, EMPHASIZED RESPECT FOR ALL PEOPLE AND IDEAS, WHO HONORED KNOWLEDGE WITH PRACTICE, PROGRESS AND THE COMMON GOOD. CONTINUED ON SCHEDULE "O" false false 82729249 35262702 73299599 DELAWARE VALLEY UNIVERSITY (THE "UNIVERSITY") OPERATES A PRIVATE, CO-EDUCATIONAL FOUR-YEAR INSTITUTION LOCATED IN DOYLESTOWN, BUCKS COUNTY, PENNSYLVANIA. THE UNIVERSITY WAS FOUNDED IN 1896 AND CURRENTLY ENROLLS OVER 1,600 FULL-TIME UNDERGRADUATE STUDENTS. THE UNIVERSITY'S FOCUS IS IN THE AREAS OF HIGH-SCIENCE, AGRICULTURE, BIOLOGICAL AND PHYSICAL SCIENCES, LIBERAL ARTS, TEACHER EDUCATION, AND BUSINESS. BESIDES ITS FULL-TIME UNDERGRADUATE PROGRAMS, THE UNIVERSITY OFFERS ASSOCIATE OF SCIENCE DEGREE PROGRAMS AND CONTINUING PROFESSIONAL STUDIES PROGRAMS INCLUDING EVENING AND SUMMER SESSIONS. IN ADDITION, THE UNIVERSITY OFFERS FIVE GRADUATE DEGREE PROGRAMS: MASTER OF SCIENCE, EDUCATIONAL LEADERSHIP; MASTER OF SCIENCE, TEACHING AND LEARNING; MASTER OF BUSINESS ADMINISTRATION; MASTER OF ARTS, POLICY STUDIES; AND MASTER OF ARTS, COUNSELING PSYCHOLOGY. An ed.d is also offered. 82729249 true true false false false false true false false true true false false false true true true false true false false false false false true true false false true true true false false false false false false false false false false true false false false false true false false false true 129 0 1668 true true true false false false false true true false false false false false false X 24 24 false false false false false false false true true false false true true true true true true true true false PA X CHERYL A MOYER 2154894898 700 EAST BUTLER AVE DOYLESTOWN PA 189012607 Majid Alsayegh Chairperson 0.3 0.0 X X 0 0 0 Joseph C Krauskopf Vice Chairperson 0.3 0.0 X X 0 0 0 Andrew G Dougherty Treasurer 0.3 0.0 X X 0 0 0 Jonathan Mandell Secretary 0.3 0.0 X X 0 0 0 Carole Aichele Trustee 0.3 0.0 X 0 0 0 Drew Becher Trustee 0.3 0.0 X 0 0 0 Dr Jimmy G Cheek Trustee 0.3 0.0 X 0 0 0 Allen H Childs Trustee 0.3 0.0 X 0 0 0 Marlene M De La Cruz Trustee 0.3 0.0 X 0 0 0 Thomas Dembrowski Trustee 0.3 0.0 X 0 0 0 Dr Linda A Detwiler Trustee 0.3 0.0 X 0 0 0 W Matthew Dougherty Trustee 0.3 0.0 X 0 0 0 Jerry L Fritz Jr Trustee 0.3 0.0 X 0 0 0 Dr Gregory G Gallant Trustee 0.3 0.0 X 0 0 0 Elizabeth H Gemmill Trustee 0.3 0.0 X 0 0 0 Krista P Harper Esq Trustee 0.3 0.0 X 0 0 0 Arthur D Hershey Trustee 0.3 0.0 X 0 0 0 Dr Kevin L Keim Trustee 0.3 0.0 X 0 0 0 Gregory F Krug Trustee 0.3 0.0 X 0 0 0 Robert Lipinski Trustee 0.3 0.0 X 0 0 0 Katherine Littlefield Trustee 0.3 0.0 X 0 0 0 Michael Rettig Esq Trustee 0.3 0.0 X 0 0 0 William Schutt Trustee 0.3 0.0 X 0 0 0 Maria Gallo PHD President 55.0 0.0 X X 303157 0 35782 Cheryl A Moyer Interim VP Finance & Admin 55.0 0.0 X 158132 0 23654 Jennifer Sauer VP, Finance & Admin 55.0 0.0 X 143155 0 18330 Benjamin E Rusiloski VP Academic Affairs 55.0 0.0 X 211317 0 28243 keith richardson VP external affairs 55.0 0.0 X 171248 0 25627 april l vari vp student affairs 55.0 0.0 X 159463 0 23497 tanya casas dean, business & humanities 55.0 0.0 X 150888 0 26833 james l moryan dean, grad & cont prof studies 55.0 0.0 X 156867 0 497 1454227 0 182463 35 false true false Parkhurst Dining Services PO Box 644091 PITTSBURGH PA 15264 Food Service 3659967 Delran Builders Company Inc 7909 Flourtown Avenue WYNDMOOR PA 19038 Construction 666185 Howell Partners LLC 100 Chetwynd Drive Suite 105 ROSEMONT PA 19010 Marketing 586877 Apogee Telecom Inc PO Box 95541 GRAPEVINE TX 760999703 Data & Satellite 424383 Capture LLC 2303 River Road LOUISVILLE KY 40206 Recruitment 321250 9 41260 597310 2473485 277974 3112055 TUITION AND FEES 611310 73299599 73299599 73299599 1325744 1325744 0 0 34000 97946 -63946 0 -63946 -64224 278 3499530 3882919 148407 -383389 -148407 -531796 -531796 26400 41260 41657 -15257 -15257 22124 3860 18264 18264 855595 617961 237634 237634 DINING SERVICE REVENUE 722210 7740374 7740374 RESIDENCE HALLS REVENUE 611310 6199001 6199001 PRODUCTION UNITS FARM INCOME 900099 381588 381588 1424236 1397 1422839 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5188151 0 0 2400992 2155031 46628700 44669175 X 40803051 39486025 15727795 17408193 11333404 9722469 67864250 66616687 114492950 111285862 X -1752263 1272200 -767500 X false true X true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 2 283.00 1 false 0.00 0 33578158 477548 2062099 311236 1076597 133627 34596345 32393869 604836 1981360 311189 957178 133540 33578158 29426730 1756676 2639184 250487 1031359 146875 32393869 30634431 1729920 -1272644 286369 1125115 253493 29426730 32764423 864352 -12602 258152 2442301 281289 30634431 0.28000 0.34000 0.38000 false false 12157985 12157985 89925741 44596169 45329572 24190541 21025382 3165159 7150478 2956645 4193833 64846549 0 FUNDS HELD IN CUSTODY FOR OTHERS 703360 REFUNDABLE ADVANCES FOR STUDENT LOANS 1451671 2155031 X 60301755 1272200 909831 2182031 58119724 35007772 35007772 93127496 60781818 909831 909831 59871987 35007772 35007772 94879759 PART II, LINE 9: THE UNIVERSITY OWNS APPROXIMATELY 283 ACRES OF LAND IN BUCKS AND MONTGOMERY COUNTIES UNDER AGRICULTURAL CONSERVATION EASEMENTS PURSUANT TO THE AGRICULTURAL AREA SECURITY LAW. UNDER THESE AGRICULTURAL CONSERVATION EASEMENTS, THE UNIVERSITY'S USE OF THE LAND IS LIMITED TO THE PRODUCTION OF CROPS, LIVESTOCK AND LIVESTOCK PRODUCTS, AND OTHER AGRICULTURAL PRODUCTION. PART V, LINE 4: THE USE OF ENDOWMENT FUNDS IS BASED ON THE RESTRICTION PLACED BY THE DONOR. ANY BOARD-DESIGNATED QUASI-ENDOWMENT FUNDS ARE USED PRIMARILY FOR STUDENT SCHOLARSHIPS. PART X, LINE 2: THE UNIVERSITY FOLLOWS THE FINANCIAL ACCOUNTING STANDARDS BOARD ("FASB") GUIDANCE THAT REQUIRES A TAX POSITION TO BE RECOGNIZED OR DERECOGNIZED BASED ON THE "MORE LIKELY THAN NOT" THRESHOLD. THE UNIVERSITY DOES NOT BELIEVE ITS FINANCIAL STATEMENTS INCLUDE ANY UNCERTAIN TAX POSITIONS. THE UNIVERSITY'S POLICY IS TO RECOGNIZE INTEREST RELATED TO UNRECOGNIZED TAX BENEFITS IN INTEREST EXPENSE AND PENALTIES IN OPERATING EXPENSES. NO INTEREST OR PENALTIES WERE RECOGNIZED IN 2019 AND 2018. AS OF JUNE 30, 2019, TAX YEARS ENDING JUNE 30, 2018, 2017, AND 2016 WERE OPEN. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 617,961 SPECIAL EVENT COSTS 41,657 RENTAL EXPENSES 97,946 Loss ON DISPOSALS 148,407 Gaming Expenses 3,860 PART XI, LINE 4D - OTHER ADJUSTMENTS: SCHOLARSHIPS 35,007,772 PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 617,961 SPECIAL EVENT COSTS 41,657 RENTAL EXPENSES 97,946 loss ON DISPOSALS 148,407 gaming expenses 3,860 PART XII, LINE 4D - OTHER ADJUSTMENTS: SCHOLARSHIPS 35,007,772 true true true true true true true false false false false false false false false true false true LINE 3: THE NON-DISCRIMINATION POLICY OF THE UNIVERSITY IS INCLUDED IN ALL EXTERNALLY TARgeted PUbLICATIONS, THE UNIVERSITY CATALOG, AND THE WEBSITE. LINE 6 - EXPLANATION OF GOVERNMENT FINANCIAL AID: THE UNIVERSITY RECEIVES FEDERAL FUNDS UNDER THE PERKINS LOAN, PELL GRANT, SUPPLEMENTAL EDUCATION OPPORTUNITY GRANT, COLLEGE WORK STUDY, AND OTHER MISCELLANEOUS FEDERAL RESEARCH AND DEVELOPMENT GRANTS. ADDITIONALLY, THE UNIVERSITY RECEIVES VARIOUS GRANTS FROM THE COMMONWEALTH OF PENNSYLVANIA AND ITS POLITICAL SUBDIVISIONS. Golf Tournament 67660 41260 26400 10370 12449 18838 0 67660 41260 26400 10370 12449 18838 41657 -15257 22124 3860 22124 3860 3860 18264 PA true false false false 1.00000 Duke Greco Delaware Valley Univers 700 East Butler Avenue Doylestown PA 18901 false Duke Greco 0 Football coach X true 18264 true VARIOUS STUDENT SCHOLARSHIPS 1600 35262702 PART I, LINE 2: NEED-BASED GRANTS AWARDED BASED ON FINANCIAL AID NEEDS ANALYSIS. OTHER GRANTS/SCHOLARSHIPS AWARDED BASED ON MEETING REQUIREMENTS SET FORTH BY THE DONOR. X true true X X X false false false false false false false false false Maria Gallo PHD President 284602 18555 25614 0 10168 0 338939 0 0 0 Cheryl A Moyer Interim VP Finance & Admin 156316 1816 14068 0 9586 0 181786 0 0 0 Benjamin E Rusiloski VP Academic Affairs 206840 4477 18615 0 9628 0 239560 0 0 0 keith richardson VP external affairs 169111 2137 13403 0 12224 0 196875 0 0 0 april l vari vp student affairs 158892 571 14300 0 9197 0 182960 0 0 0 tanya casas dean, business & humanities 135721 15167 12215 0 14618 0 177721 0 0 0 james l moryan dean, grad & cont prof studies 152843 4024 0 0 497 0 157364 0 0 0 Jennifer Sauer VP, Finance & Admin 133165 9990 11915 0 6415 0 161485 0 0 0 PART I, LINE 1A: MARIA GALLO, THE UNIVERSITY PRESIDENT, IS REQUIRED TO RESIDE ON CAMPUS AS A CONVENIENCE TO THE UNIVERSITY AND AS A CONDITION OF EMPLOYMENT. AS SUCH, THIS BENEFIT IS NOT INCLUDED IN HER TAXABLE COMPENSATION. A PENNSYLVANIA HIGHER EDUCATION FACILITIES AUTHORITY 232243852 70917SBL6 2012-10-18 34853500 SEE PART VI false false false B BOROUGH OF LANGHORNE MANOR HIGHER EDUCATION & 2015-10-30 4210000 BOND REFINANCE false false false A 4045000 0 34853500 2341654 0 0 364968 0 0 10018896 22190456 0 2013 true false true true B 0 0 4210000 0 0 0 0 0 0 0 4210000 0 2015 true false true true A false false true true false 0 false false false true B false false false 0 false false false true A false false true false false false 0 false 0 false true B false false true false false false 0 false 0 false true A true B true SCHEDULE K, PART I, BOND ISSUES: (A) ISSUER NAME: BOROUGH OF LANGHORNE MANOR HIGHER EDUCATION & HEALTH AUTHORITY SCHEDULE K, PART I, BOND ISSUES: (A) ISSUER NAME: PENNSYLVANIA HIGHER EDUCATION FACILITIES AUTHORITY (F) DESCRIPTION OF PURPOSE: CONSTRUCTION/EQUIPMENT/FURNISHINGS - LIFE & SCIENCE BUILDING, BOND REFINANCE (A) ISSUER NAME: BOROUGH OF LANGHORNE MANOR HIGHER EDUCATION AND HEALTH AUTHORITY (F) DESCRIPTION OF PURPOSE: BOND REFINANCE X 5 225974 FMV X HORSE 1 52000 APPRAISAL 1 false true false FORM 990, PART III, LINE 1, DESCRIPTION OF ORGANIZATION MISSION: OUR HISTORICAL COMMITMENT TO EXPERIENTIAL LEARNING INTEGRATES THEORY AND PRACTICE AND PREPARES UNDERGRADUATE AND GRADUATE STUDENTS TO MEET THE CHALLENGES OF A COMPLEX GLOBAL ENVIRONMENT AND TO ENGAGE IN LIFELONG LEARNING. WE PROVIDE STUDENTS WITH THE REQUISITE SKILLS AND A SPIRIT OF INQUIRY THAT ENRICH AND INFORM THEIR LIVES, PREPARE THEM TO PURSUE MEANINGFUL CAREERS, AND FULFILL SOCIETAL, COMMUNITY AND FAMILY RESPONSIBILITIES. FORM 990, PART VI, SECTION A, LINE 1: THE MEMBERSHIP OF THE EXECUTIVE COMMITTEE SHALL CONSIST OF SEVEN (7) TRUSTEES: THE BOARD CHAIR; THE VICE BOARD CHAIR, THE SECRETARY; THE TREASURER; AND THREE (3) AT-LARGE TRUSTEES AS ELECTED BY THE BOARD. THE PRESIDENT IS AN EX-OFFICIO, NON-VOTING MEMBER OF THE EXECUTIVE COMMITTEE. OTHER THAN THE PRESIDENT, THE EXECUTIVE COMMITTEE SHALL NOT HAVE ANY MEMBERS THAT ARE NOT ALSO VOTING TRUSTEES. THE EXECUTIVE COMMITTEE SHALL EXERCISE THE POWERS OF THE BOARD IN RELATION TO MATTERS THAT ARISE WHEN THE BOARD IS NOT IN SESSION OR WHEN IT IS NOT PRACTICAL OR FEASIBLE FOR THE BOARD TO MEET. THE EXECUTIVE COMMITTEE IS DELEGATED THE AUTHORITY TO ACT AS THE FULL BOARD WHEN EXERCISING THE POWERS AND AUTHORITY UNDER THE COMMITTEE'S CHARTER, SUBJECT TO THE LIMITATIONS BELOW OR LISTED IN THE ARTICLES OF INCORPORATION, AS AMENDED, SUPPLEMENTED OR RESTATED, THESE BYLAWS AND APPLICABLE LAW. THE EXECUTIVE COMMITTEE SHALL BE RESPONSIBLE TO GATHER DATA TO INFORM THE BOARD ON COMPENSATION AND EVALUATION OF THE PRESIDENT, TO MAKE RECOMMENDATIONS AS TO ANY CHANGES IN THE PRESIDENT'S COMPENSATION, BENEFITS, AND/OR CONTRACT. FORM 990, PART VI, SECTION B, LINE 11B: THE FORM 990 IS REVIEWED IN DETAIL BY MANAGEMENT OF THE UNIVERSITY INCLUDING THE ASsociate VP OF FINANCE AND THE VP OF FINANCE AND ADMINISTRATION. THE 990 IS THEN REVIEWED BY THE INVESTMENT AND FINANCE COMMITTEE OF THE BOARD AND MADE AVAILABLE TO THE ENTIRE BOARD OF TRUSTEES PRIOR TO SUBMISSION TO THE IRS. FORM 990, PART VI, SECTION B, LINE 12C: THE CONFLICT OF INTEREST SURVEYS ARE COMPLETED ANNUALLY BY THE BOARD OF TRUSTEES AND DELAWARE VALLEY UNIVERSITY STAFF. THESE SURVEYS ARE REVIEWED BY SENIOR MANAGEMENT TO DETERMINE IF THERE IS ANY POTENTIAL CONFLICT OF INTEREST. IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST BY THE BOARD OF DIRECTORS AND OFFICERS, AN INTERESTED PERSON MUST DISCLOSE THE EXISTENCE OF HIS OR HER FINANCIAL INTEREST AND MUST BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE DIRECTORS AND MEMBERS OF COMMITTEES WITH BOARD DELEGATED POWERS CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT. AFTER DISCLOSURE OF THE FINANCIAL INTEREST AND ALL MATERIAL FACTS, AND AFTER ANY DISCUSSION WITH THE INTERESTED PERSON, HE/SHE SHALL LEAVE THE BOARD OR COMMITTEE MEETING WHILE THE DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON. THE REMAINING BOARD OR COMMITTEE MEMBERS SHALL DECIDE IF A CONFLICT OF INTEREST EXISTS. IF AN EMPLOYEE HAS A VESTED INTEREST IN A FIRM THAT IS DOING BUSINESS WITH THE UNIVERSITY, THE EMPLOYEE MUST REPORT THE INTEREST TO THE PRESIDENT AND MUST NOT REPRESENT THE UNIVERSITY IN TRANSACTIONS BETWEEN THE FIRM AND THE UNIVERSITY. NO EMPLOYEE CAN ACCEPT EMPLOYMENT IN ANY ORGANIZATION WHICH CONDUCTS BUSINESS WITH THE UNIVERSITY OR IS A UNIVERSITY COMPETITOR. FACULTY WHO TEACH PART TIME AT OTHER EDUCATIONAL INSTITUTIONS ARE NOT CONSIDERED IN VIOLATION OF THIS POLICY. VIOLATION OF THIS POLICY WILL RESULT IN DISCIPLINARY ACTION, UP TO AND INCLUDING DISCHARGE. FORM 990, PART VI, SECTION B, LINE 15: THE BOARD OF TRUSTEES ENGAGES A COMPENSATION CONSULTANT AS NEEDED TO ASSESS SALARY LEVELS FOR THE PRESIDENT'S POSITION. THE MOST RECENT CONSULTANT WAS ENGAGED IN FISCAL YEAR 2014. OVERSIGHT OF THE EVALUATION PROCESS AND SALARY ACTIONS ARE OVERSEEN BY THE EXECUTIVE COMMITTEE OF THE BOARD, WHICH INCLUDES THE CHAIR, VICE CHAIR, TREASURER, SECRETARY AND THREE AT LARGE MEMBERS OF THE BOARD. COMPENSATION FOR OTHER OFFICERS AND KEY EMPLOYEES ARE GROUPED WITH ALL OTHER EMPLOYEES WHEN DETERMINING COMPENSATION. THE BOARD OF TRUSTEES APPROVES ALL EMPLOYEE COMPENSATION AND SALARY INCREASES AS PART OF THE ANNUAL BUDGET PROCESS. THE REVIEW AND APPROVAL PROCESS IS DOCUMENTED VIA MINUTES OF THE BOARD OF TRUSTEES AND/OR MINUTES FROM THE EXECUTIVE COMMITTEE. FORM 990, PART VI, SECTION C, LINE 19: THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: Change in Net Assets Loss on capital campaign pledges (767,500) CHARITABLE REMAINDER ANNUITY TRUST (2) CHARITABLE TRUST PA DELAWARE VALLEY false false false false false false false false false false false false false false false false false false false false