2020-04-13T09:56:04-05:00 2019-06-30 GRANT THORNTON LLP 2001 MARKET STREET SUITE 700 PHILADELPHIA PA 19103 990 2018-07-01 231352668 University of the Sciences in Philadelphia % BRIGID K ISACKMAN UNIV 2155968862 600 South 43rd Street Philadelphia PA 191044495 VALERIE WEIL COO 2155968862 2020-04-08 true Frank Giardini P00532355 2155614200 68.134.16.150 23695320201045000009 2020-04-13 P 03CBAE45BD8E2F188EB28F31E827C7F4869431D2 27952D999760E8399C689FC08AF333045C36D0DF 2018 2021-01-29 14:40:06Z Paul Katz 600 South 43rd Street Philadelphia PA 191044495 157855826 false X www.Usciences.edu X 1821 PA UNIVERSITY OF THE SCIENCES PREPARES STUDENTS TO BECOME LEADERS, INNOVATORS, AND SKILLED PRACTITIONERS IN THE SCIENCES, THE HEALTH PROFESSIONS, AND RELATED DISCIPLINES. 13 13 1612 204 372492 6009511 4776926 106605333 95292835 9236975 9785180 893437 81124 122745256 109936065 30717156 25805422 0 0 49343615 52703029 0 0 1493421 41679820 41384572 121740591 119893023 1004665 -9956958 432505778 418938897 215030923 208099513 217474855 210839384 X UNIVERSITY OF THE SCIENCES PREPARES STUDENTS TO BECOME LEADERS, INNOVATORS, AND SKILLED PRACTITIONERS IN THE SCIENCES, THE HEALTH PROFESSIONS, AND RELATED DISCIPLINES. WE DELIVER EXCELLENCE IN TEACHING, RESEARCH, AND SERVICE THROUGH A SAFE AND SUPPORTIVE ENVIRONMENT IN WHICH OUR STUDENTS LIVE, LEARN, AND SUCCEED. false false 66485656 25805422 95292835 THE MISSION OF UNIVERSITY OF THE SCIENCES (USCIENCES) IS TO EDUCATE STUDENTS TO BECOME LEADERS AND INNOVATORS IN THE SCIENCES, THE HEALTH PROFESSIONS, AND EMERGING RELATED DISCIPLINES BY PROVIDING EXCELLENCE IN TEACHING, RESEARCH, AND SERVICE. THE UNIVERSITY POSITIONS STUDENTS TO ENTER THE MARKETPLACE STRAIGHT FROM GRADUATION OR SEEK HIGHER DEGREES. FULLY ACCREDITED BY THE MIDDLE STATES COMMISSION ON HIGHER EDUCATION, USCIENCES WAS FOUNDED IN 1821 AS PHILADELPHIA COLLEGE OF PHARMACY, THE FIRST COLLEGE OF PHARMACY IN NORTH AMERICA. THE INSTITUTION CHANGED ITS NAME IN 1998 TO REFLECT THE BROADER RANGE OF ACADEMIC OPPORTUNITIES THE UNIVERSITY CURRENTLY OFFERS. USCIENCES BUILDS THE FOUNDATION FOR PROFESSIONAL SUCCESS BY PROVIDING STUDENTS WITH A CONCENTRATED CURRICULUM, HANDS-ON EDUCATION, AND REAL-WORLD EXPERIENCES. THE RESULTS ARE REWARDING, WELL-PAYING CAREERS AND DISCOVERIES ACROSS THE PHARMACEUTICAL, MEDICAL, HEALTHCARE, AND BIOTECH SPECTRUMS WORLDWIDE WHERE USCIENCES ALUMNI, FACULTY, AND STUDENTS ARE PROVEN EVERYWHERE THEY GO. TODAY, APPROXIMATELY 2,231 (1,231 UNDERGRADUATE STUDENTS, 1,000 GRADUATE STUDENTS) STUDENTS ARE ENROLLED IN TOP MAJORS SUCH AS (WITH THE HIGHEST ENROLLMENT) PHARMACY, PHYSICAL THERAPY, BIOLOGY, AND OCCUPATIONAL THERAPY. THE UNIVERSITY STUDENT BODY IS 56% NON-WHITE AND 66% FEMALE. STUDENTS ENJOY A STUDENT/FACULTY RATIO OF 7:1 AND ACCESS TO MORE THAN 100 LABORATORIES AND COMPUTER LABS AND OVER 60 CLUBS AND CAMPUS ORGANIZATIONS. THROUGHOUT ITS HISTORY, THE UNIVERSITY HAS BEEN, AND CONTINUES TO BE, AN INCUBATOR FOR A THRIVING ALUMNI NETWORK WHO SHARE A PASSION FOR EXPLORATION AND DISCOVERY IN PHARMACY, SCIENCE, AND HEALTHCARE AS WELL AS FOR GOVERNMENTAL, BUSINESS, AND ADMINISTRATIVE PROFESSIONS. THE RESULTS OF A USCIENCES EDUCATION ARE REWARDING, WELL-PAYING CAREERS AND DISCOVERIES ACROSS THE PHARMACEUTICAL, MEDICAL, HEALTHCARE, AND BIOTECH SPECTRUMS WORLDWIDE. THE U.S. DEPARTMENT OF EDUCATIONS COLLEGE SCORECARD RANKS USCIENCES NO. 1 FOR HIGHEST EARNINGS AMONG PA, NJ, AND DE GRADUATES WITH A MEDIAN ANNUAL INCOME OF $91,600 A DECADE AFTER STUDENTS ENROLLED AND ALSO RANKS USCIENCES NO. 4 IN THE MID-ATLANTIC REGION AND NO. 7 IN THE U.S., WHEN COMPARED WITH GRADUATES FROM COLLEGES WITH PROGRAMS IN THE HEALTH PROFESSIONS AND RELATED FIELDS. (U.S. DEPARTMENT OF EDUCATIONS COLLEGE SCORECARD HTTPS://COLLEGESCORECARD.ED.GOV); USCIENCES PREPARES STUDENTS FOR HEALTH PROFESSIONS THAT RANK AMONG THE 25 BEST JOBS IN THE U.S. INCLUDING DENTIST, PHARMACIST, PHYSICIAN, PHYSICAL THERAPIST, PHYSICIAN ASSISTANT, AND OCCUPATIONAL THERAPIST (U.S. NEWS AND WORLD REPORT 2019) THE UNIVERSITY CAMPUS IS LOCATED ON A 36-ACRE SITE COMPRISED OF 23 BUILDINGS IN THE UNIVERSITY CITY SECTION OF PHILADELPHIA, HOME TO MORE THAN 40,000 COLLEGE STUDENTS EACH YEAR. AMONG USCIENCES NEWEST BUILDINGS IS THE LIVING & LEARNING COMMONS, A MIXED-USE RESIDENCE HALL WHICH SETS THE STANDARD FOR DYNAMIC LIVING AND LEARNING COMMUNITIES FOR SCIENCE AND HEALTH PROFESSIONAL STUDENTS. THE 436-BED RESIDENCE HALL ALSO INCLUDES CLASSROOM, RETAIL, OFFICE AND STUDENT STUDY SPACE. THE INTEGRATED PROFESSIONAL EDUCATION COMPLEX A 57,000-SQUARE-FOOT, A THREE-STORY BUILDING WHICH OPENED IN 2014, SHOWCASES AN INTERPROFESSIONAL EDUCATION MODEL THAT PERMITS STUDENTS FROM SEVERAL DISCIPLINES, INCLUDING PHARMACY, PHYSICAL THERAPY, OCCUPATIONAL THERAPY, EXERCISE SCIENCE, PSYCHOLOGY, AND HEALTHCARE BUSINESS AND POLICY, TO OBTAIN TRADITIONAL AND HANDS-ON EXPERIENCE. 8003869 0 0 ACADEMIC SUPPORT - UNIVERSITY OF THE SCIENCES PROVIDES COMPREHENSIVE STUDENT-CENTERED LEARNING ASSISTANCE PROGRAMS, SERVICES, AND RESOURCES FOR ALL STUDENTS TO SUCCEED. STUDENTS RECEIVE ONE-ON-ONE TUTORING ASSISTANCE FOR NUMEROUS LOWER-LEVEL AND UPPER-LEVEL COURSES. ADDITIONALLY, STUDENT SUCCESS WORKSHOPS ARE DESIGNED TO HELP STUDENTS DEVELOP EFFECTIVE STUDY SKILLS AND UTILIZE EFFECTIVE STRATEGIES. THE J.W. ENGLAND LIBRARY PROVIDES ACCESS TO SCHOLARLY MATERIALS AND INSTRUCTION IN THEIR USE. THE WRITING CENTER PROVIDES ONE-ON-ONE TUTORING FOR ANYONE IN THE UNIVERSITY COMMUNITY WORKING ON ANY KIND OF WRITING IN ANY STAGE OF DEVELOPMENT. THE HONORS PROGRAM AT USCIENCES OFFERS EXCEPTIONAL STUDENTS THE OPPORTUNITY FOR SPECIALIZED, INTENSIVE LEARNING EXPERIENCES BOTH INSIDE AND OUTSIDE THE CLASSROOM. 18915184 0 0 STUDENT SERVICES - UNIVERSITY OF THE SCIENCES SEEKS TO ENRICH THE STUDENT'S EXPERIENCES ACADEMICALLY, CULTURALLY, AND SOCIALLY. THE STUDENT SERVICES UNITS ARE DESIGNED TO SUPPORT STUDENT SUCCESS IN THE AREAS OF CAMPUS ENGAGEMENT AND HOLISTIC WELLNESS THROUGH PROVIDING DEVELOPMENTAL OPPORTUNITIES. FROM ENROLLMENT TO GRADUATION, WE SUPPORT THE STUDENT THROUGH QUALITY STUDENT-CENTERED PROGRAMMING AND SERVICES THAT SUPPORT THE EMOTIONAL, INTELLECTUAL, PERSONAL, AND ETHICAL GROWTH OF THE INDIVIDUAL STUDENT BY PROMOTING SUCCESS. THIS SUPPORT STARTS WITH PROGRAMS AT ORIENTATION AND CONTINUES WITH PROGRAMS IN INTERCOLLEGIATE ATHLETICS, GREEK LIFE, STUDENT GOVERNMENT, RESIDENCE LIFE, INTERNATIONAL STUDENT SERVICES, HEALTH AND COUNSELING, AND CAREER SERVICES. THE UNIVERSITY OFFERS MANY INTERCOLLEGIATE SPORTS COMPETING AT THE NCAA DIVISION II LEVEL. OUR STUDENT HEALTH AND COUNSELING CENTER OFFERS A FULL RANGE OF CLINICAL SERVICES ACCESSIBLE TO ALL OF OUR STUDENTS. CAREER SERVICES FACILITATES THE PROCESS OF CAREER PLANNING AND HOSTS OPPORTUNITIES FOR STUDENTS TO EXPLORE CAREER OPPORTUNITIES (I.E. CAREER FAIR, NETWORKING EVENTS). STUDENT LIFE ENGAGES STUDENT LEADERS THROUGH A PROGRAM DESIGNED TO HELP STUDENTS DEVELOP LEADERSHIP SKILLS WHILE AT THE UNIVERSITY AND BEYOND. ACADEMIC ADVISING SUPPORTS STUDENT SUCCESS THROUGH AN INTENTIONAL ADVISING MODEL THAT FOCUSES ON DEVELOPING STUDENT HOLISTICALLY. 5859503 Auxiliary Enterprises 4111396 Research 400881 Scholarships 10371780 103776489 true true false true false false false false true true true false true true true true false true false true false false false false false false false true true true false false false false false false false false false false true false false false true false true false false false true 3011 0 true 1612 true true true false false false false false false false false false false false X 13 13 false false true false false false false true true false false true true true true true true true true false PA X BRIGID K ISACKMAN 2155968701 600 SOUTH 43RD STREET PHILADELPHIA PA 191044495 Marvin Samson Chair of The Board 10.0 0.0 X 0 0 0 Siobhan Duffy Board Member - end 11/11/2018 1.0 0.0 X 0 0 0 Michael C Hemsley Board Member 1.0 0.0 X 0 0 0 John M Daly Board Member 1.0 0.0 X 0 0 0 Ludmilla Malmberg Board Member 1.0 0.0 X 0 0 0 Carla Hendricks Board Member 1.0 0.0 X 0 0 0 Richard Howard Treasurer of the Board 1.0 0.0 X 0 0 0 Rose Mary B Hoy Board Member 1.0 0.0 X 0 0 0 Leonard S Jacob Board Member 1.0 0.0 X 0 0 0 Cedric H Jones Board Member 1.0 0.0 X 0 0 0 Robin L Keyack Board Member 1.0 0.0 X 0 0 0 Mark Oley Board Member 1.0 0.0 X 0 0 0 James J Rivard Board Member 1.0 0.0 X 0 0 0 Michael J Sofia Board Member 1.0 0.0 X 0 0 0 Peter Miller Provost & VP Acad. 40.0 0.0 X 267496 0 24392 David L Forde VP for Comm. & Govt Affairs 40.0 0.0 X 117992 0 11441 Paul Katz President 40.0 0.0 X 554318 0 81429 Valerie Weil CFO & COO 40.0 0.0 X 346515 0 51317 Patricia Vanston VP Busdev.& Enroll. 40.0 0.0 X 246206 0 27164 Odessa Jackson Esq Gen. Counsel, Sec, CCO 40.0 0.0 X 202218 0 34701 Robert Rudd VP Institutional Advancement 40.0 0.0 X 219850 0 39465 Mark Nestor Chief Information Officer 40.0 0.0 X 155757 0 25063 Michelle Cohen Dean, Health Sciences 40.0 0.0 X 194842 0 42642 Edward Foote Dean of Pharmacy 40.0 0.0 X 157099 0 19897 Vojislava Pophristic Dean, Misher College Arts/Sci. 40.0 0.0 X 149971 0 33001 Ross Radish Dean of Students 40.0 0.0 X 144867 0 13680 Suzanne Murphy Dean, Misher College Arts/Sci 40.0 0.0 X 182477 0 43708 John Connors Assoc. Provost Academic Aff. 40.0 0.0 X 147041 0 50029 George Downs Prof. of Clin Pharm 40.0 0.0 X 160846 0 31150 Cathy Poon Chair of Pharm Practice 40.0 0.0 X 210926 0 26889 Andrew Peterson Executive Director SUDI 40.0 0.0 X 199342 0 32206 Shivendra Sahi Prof. of Biological Sciences 40.0 0.0 X 148972 0 45273 Patricia Audet Interim Dean of Pharm. Sci. 40.0 0.0 X 174420 0 5639 3981155 0 639086 101 true true false Clemens Construction Co Inc 1435 Walnut Street PHILA PA 19102 construction 11805895 Turner Construction Company 375 Hudson Street 6th floor NEW YORK NY 10014 construction 2460627 Sodexo Inc 9801 Washingtonian Blvd GAITHERSBURG MD 20878 DINING SERVICES 1901966 Universal Protection Service LP 3606 Horizon Drive KING OF PRUSSIA PA 19406 SECURITY SERVICES 1071851 MercerUS Inc PO Box 730182 DALLAS TX 75373 ERP Consultants 926802 26 2185833 2591093 47596 4776926 TUITION AND FEES 900099 87111858 87111858 0 0 AUXILIARY SERVICES 900099 8180977 8180977 0 0 95292835 18041573 18041573 0 0 68554 26591 97716 -29162 26591 -2571 -2571 39565652 47822045 -8256393 -8256393 24462 -8280855 0 0 0 0 0 0 0 0 0 SALES & SERVICES 900099 316349 0 316349 0 INCOME FROM LP INVESTMENTS 900099 34252 0 34252 BOOKSTORE REVENUE 900099 16175 0 0 16175 -283081 0 -283081 83695 109936065 95292835 372492 9493812 0 25805422 25805422 0 0 3368139 1261814 1804741 301584 0 38556734 33677175 4416221 463338 2498966 2492722 6244 5520868 3912270 1433791 174807 2758322 2635405 108497 14420 0 363612 166387 197225 50540 21199 29341 60000 60000 0 214947 214947 3806684 2610262 1098429 97993 2392888 2267687 102014 23187 1703947 1508594 169505 25848 600821 391289 191095 18437 0 2904648 2178486 580930 145232 915787 790560 84643 40584 0 271535 241636 28294 1605 6386410 5983130 403280 0 7407867 6463338 944529 602816 112089 490727 SVCS AND OUTSIDE CONTRACTORS 8025619 6384724 1585033 55862 LIBRARY AND PERIODICALS 1122250 1122250 0 0 EQUIPMENT 629095 593195 35900 0 PRINTING/DUPLICATING 184909 140021 10038 34850 3740197 2801887 842636 95674 119893023 103776489 14623113 1493421 0 0 8289448 14479685 1366168 119890 5374744 14759728 0 0 0 0 4537032 4212621 0 0 1572097 1697201 279224310 78803696 175694795 200420614 86951445 107158296 105251363 70559490 0 0 0 0 43468686 5531372 432505778 418938897 15591503 14897357 3642063 3658114 10128223 6647954 185306574 182489908 0 0 0 0 0 0 0 0 362560 406180 215030923 208099513 X 152673655 145273388 15856986 16488615 48944214 49077381 217474855 210839384 432505778 418938897 X -9956958 -865059 4186546 X false true X true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false false false true 60000 60000 false SCHEDULE C, PART II-B, LINE 1I PAYMENT TO THIRD PARTY LOBBYING FIRM. 171782269 256935 7118914 9000000 8008966 162149152 167785865 292027 12705231 9000000 854 171782269 158661548 242886 17804997 9000000 -76434 167785865 168614089 4108034 -5060645 9000000 -70 158661548 174496430 539666 -129843 6600000 -307836 168614089 0.63000 0.07000 0.30000 true false 12090370 12090370 239985484 67264233 172721251 24564813 11539463 13025350 2583643 2583643 200420614 BENEFICIAL INTEREST IN TRUSTS 568523 F ASSET ALLOCATION 25189715 F PRIVATE EQUITY 17443120 F HEDGE FUNDS 7607039 F INFLATION HEDGE FUNDS 19751093 F 70559490 0 ANNUITY LIABILITIES 165361 OTHER LIABILITIES 240819 406180 X 83337496 -865059 -25831226 -26696285 110033781 -97716 -97716 109936065 94185317 97716 97716 94087601 25805422 25805422 119893023 INTENDED USES OF ENDOWMENT FUNDS SCHEDULE D, PART V, LINE 4 THE UNIVERSITY'S ENDOWMENT IS INTENDED TO PROVIDE BOTH A SOURCE OF OPERATING FUNDS AS WELL AS LONG-TERM FINANCIAL STABILITY FOR THE UNIVERSITY. LIABILITY FOR UNCERTAIN TAX POSITION (ASC 740) SCHEDULE D, PART X, LINE 2 THE UNIVERSITY HAS BEEN RECOGNIZED BY THE INTERNAL REVENUE SERVICE (IRS) AS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE U.S. INTERNAL REVENUE CODE, EXCEPT FOR TAXES ON INCOME FROM ACTIVITIES UNRELATED TO ITS EXEMPT PURPOSE. ACCORDINGLY, THE UNIVERSITY IS NOT SUBJECT TO INCOME TAXES EXCEPT TO THE EXTENT IT HAS TAXABLE INCOME FROM ACTIVITIES THAT ARE NOT RELATED TO ITS EXEMPT PURPOSE. NO PROVISIONS FOR INCOME TAXES HAVE BEEN MADE IN THE ACCOMPANYING FINANCIAL STATEMENTS FOR THE YEARS ENDED JUNE 30, 2019 AND 2018. MANAGEMENT EVALUATES TAX POSITIONS TAKEN BY THE UNIVERSITY AND RECOGNIZES A TAX LIABILITY (OR ASSET) IF THE UNIVERSITY HAS TAKEN AN UNCERTAIN TAX POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE IRS. AS OF JUNE 30, 2019 AND 2018, THE UNIVERSITY DOES NOT HAVE ANY UNCERTAIN TAX POSITION OR ANY UNRELATED BUSINESS INCOME TAX LIABILITY WHICH WOULD HAVE A MATERIAL IMPACT ON ITS FINANCIAL STATEMENTS. THE STATUTE OF LIMITATIONS ON THE UNIVERSITYS U.S. FEDERAL INFORMATION RETURNS REMAINS OPEN FOR THREE YEARS FOLLOWING THE YEAR THEY ARE FILED. SCHEDULE D, PART XI, LINE 2D SCHOLARSHIPS ($25,805,422) ANNUITY ADJUSTMENT ($25,804) TOTAL...........................($25,831,226) Schedule D, Part XII, Line 4B Scholarships $25,805,422 Total.......................$25,805,422 true true true true true true true false false false false false false false false true false true PUBLICATION OF RACIALLY NONDISCRIMINATORY POLICY SCHEDULE E, PART I, LINE 3 AN AFFIRMATIVE ACTION STATEMENT IS CONTAINED IN ALL ADMISSIONS MATERIALS AND IN THE UNIVERSITY CATALOG. THE UNIVERSITY CATALOG IS AVAILABLE ON THE UNIVERSITY WEBSITE. GOVERNMENT ASSISTANCE SCHEDULE E, PART I, LINE 6A THE UNIVERSITY OF THE SCIENCES IN PHILADELPHIA RECEIVED $2,185,833 IN GOVERNMENT GRANTS FOR THE YEAR ENDED JUNE 30, 2019. Europe (Including Iceland and Greenland) 7 Program Services Relations Building 25534 Central America and the Caribbean 3 Program Services Relations Building 9967 East Asia and the Pacific 2 Program Services Relations Building 7858 North America 5 Program Services Relations Building 14442 South Asia 1 Program Services Relations Building 8241 Sub-Saharan Africa 1 Program Services Relations Building 5513 Central America and the Caribbean Investments 10374118 19 19 10445673 10445673 true false true true true false ACCOUNTING METHOD USED SCHEDULE F, PART I, LINE 3, COLUMN (F) THE EXPENDITURES, PER REGION, ARE PRESENTED ON THE ACCRUAL BASIS OF ACCOUNTING. true INSTITUTIONAL SCHOLARSHIP AWARDED 2147 25805422 0 PROCEDURE FOR MONITORING USE OF GRANT FUNDS INSIDE U.S. SCHEDULE I, PART I, LINE 2 THE UNIVERSITY GRANT POLICY IS CONTAINED IN ALL ADMISSIONS MATERIAL, IN THE UNIVERSITY CATALOG, AND CAN ALSO BE FOUND ON THE UNIVERSITY'S WEBSITE. THE UNIVERSITY USES A MATRIX MODEL TO AWARD MERIT-BASED SCHOLARSHIP AID AT THE TIME A STUDENT IS ADMITTED TO THE UNIVERSITY. THE AMOUNT AWARDED IS BASED ON THE STUDENT'S HIGHEST SAT OR ACT SCORES AND WEIGHTED CUMULATIVE GRADE POINT AVERAGE. ADDITIONAL FINANCIAL AID AWARDS ARE DETERMINED IN CONJUNCTION WITH A STUDENT'S ACADEMIC AND THE FAMILY'S FINANCIAL INFORMATION TO DETERMINE THE EXACT SIZE AND COMPOSITION OF THE FINAL FINANCIAL AID PACKAGES. THE TYPICAL FINANCIAL AID PACKAGE CONSISTS OF SCHOLARSHIPS, GRANTS, LOANS, AND AN OPPORTUNITY TO PARTICIPATE IN A WORK STUDY PROGRAM WHICH SUPPLEMENTS EACH FAMILY'S CONTRIBUTION TO THE TOTAL COST OF EDUCATION. THE AWARDS ARE DETERMINED BASED UPON THE RESULTS OF THE FREE APPLICATION FOR FEDERAL STUDENT AID (FAFSA) CONTAINING INFORMATION PROVIDED BY THE STUDENT AND PARENTS. X X false false false false false false false true false Peter Miller Provost & VP Acad. 267496 0 0 0 0 0 12800 0 14866 0 295162 0 0 0 Paul Katz President 553478 0 0 0 840 0 46000 0 35429 0 635747 0 0 0 Valerie Weil CFO & COO 346095 0 0 0 420 0 31980 0 21182 0 399677 0 0 0 Patricia Vanston VP Busdev.& Enroll. 245786 0 0 0 420 0 27164 0 1243 0 274613 0 0 0 Mark Nestor Chief Information Officer 151837 0 0 3920 0 6524 0 19012 0 181293 0 0 0 Michelle Cohen Dean, Health Sciences 194842 0 0 0 0 0 27607 0 20337 0 242786 0 0 0 Patricia Audet Interim Dean of Pharm. Sci. 174420 0 0 0 0 0 5639 0 1768 0 181827 0 0 0 Edward Foote Dean of Pharmacy 132099 0 0 25000 0 11616 0 8902 0 177617 0 0 0 Vojislava Pophristic Dean, Misher College Arts/Sci. 149971 0 0 0 0 0 23347 0 10033 0 183351 0 0 0 John Connors Assoc. Provost Academic Aff. 147041 0 0 0 0 0 30692 0 21394 0 199127 0 0 0 George Downs Prof. of Clin Pharm 160846 0 0 0 0 0 16115 0 19945 0 196906 0 0 0 Cathy Poon Chair of Pharm Practice 200746 0 0 10180 0 20344 0 8002 0 239272 0 0 0 Andrew Peterson Executive Director SUDI 193850 0 0 0 5492 0 21151 0 11593 0 232086 0 0 0 Odessa Jackson Esq Gen. Counsel, Sec, CCO 201378 0 0 0 840 0 27978 0 8635 0 238831 0 0 0 Robert Rudd VP Institutional Advancement 219430 0 0 0 420 0 32920 0 8612 0 261382 0 0 0 Ross Radish Dean of Students 139375 0 0 5492 0 9780 0 4052 0 158699 0 0 0 Shivendra Sahi Prof. of Biological Sciences 148972 0 0 0 30238 0 17110 0 196320 0 0 0 Suzanne Murphy Dean, Misher College Arts/Sci 167477 0 0 15000 0 31185 0 14554 0 228216 0 0 0 Non-fixed Payments Schedule J, Part I, Line 7 All bonus payments were fixed in calendar year 2018. A Philadelphia Higher Education Financing Authority 232243852 70917RQY2 2012-09-12 31000000 IPEX Building false false false B Philadelphia Higher Education Financing Authority 232243852 70917RQY2 2015-02-20 83760000 Redeem 2005 and 2008 bonds false false false C Phila Authority for Industrial Development 232237287 71781XCY7 2017-04-26 62280000 U1/U2 Residential Housing Project false false false A 0 0 31000000 0 0 0 413773 0 0 31000000 0 0 2014 false false true true B 0 0 83760000 0 0 0 838359 0 0 0 0 0 2015 true true true true C 0 0 66716062 0 0 0 854978 0 0 65861084 0 0 2019 false false false true A false false false true false true 0 false false false true B false true false true false true 0.00920 0.00920 false false false true C false true false true false true 0.00880 0.00880 0.01760 false false false true A false true false false 0 false 0 false true B false true false false 0 false 0 false true C false true false false 0 false 0 false true A true B true C true X 2 47596 FMV false true false Changes to Organizing Documents Form 990, Part VI, line 4 In November 2017, the University of the Sciences ("USciences") Management and Board of Trustees discussed the need to update and revise the USciences Bylaws, last revised in 2013. The Bylaws were revised to ensure that the document is reflective of the Board activities and governance, and make the Board's work more effective, more transparent, and more accountable. In general, the structure of the Bylaws have been revised to provide adequate controls to protect USciences and provide enough flexibility to adjust to changing circumstances. Management also presented a revised Board of Trustee Responsibilities and Expectations, Board of Trustee Conflict of Interest Policy, and a University Code of Ethics and Conduct. At the request of the Chair of the Board of Trustees to the Chair of the Audit Committee a subcommittee was appointed to review the new and revised board documents. The review process was completed in 2018 and the documents were approved by the full Board in September 2018. FOrm 990 Review Process FORM 990, PART VI, LINE 11B THE 990 IS PREPARED BY OUTSIDE INDEPENDENT TAX ADVISORS AND IS REVIEWED BY THE UNIVERSITY. THE 990 IS REVIEWED BY THE AUDIT COMMITTEE AND IS MADE AVAILABLE TO THE BOARD OF TRUSTEES PRIOR TO THE FILING DEADLINE. CONFLICT OF INTEREST POLICY MONITORING & ENFORCEMENT FORM 990, PART VI, LINE 12C THE BOARD OF TRUSTEES, OFFICERS AND KEY EMPLOYEES OF THE UNIVERSITY, BY VIRTUE OF THEIR OFFICES, HAVE A FIDUCIARY RELATIONSHIP WITH THE UNIVERSITY WHICH REQUIRES THAT THEY ACT IN GOOD FAITH AND WITH FIDELITY TO THE UNIVERSITY'S BEST INTERESTS. THE UNIVERSITY HAS WRITTEN CONFLICT OF INTEREST POLICIES WHICH ARE INTENDED TO PERMIT THE UNIVERSITY AND ITS TRUSTEES, OFFICERS AND OTHER KEY EMPLOYEES TO IDENTIFY, EVALUATE AND ADDRESS ANY CONFLICT OF INTEREST THAT MIGHT CALL INTO QUESTION THIS FIDUCIARY DUTY TO THE UNIVERSITY. EACH TRUSTEE, OFFICER AND KEY EMPLOYEE IS REQUIRED TO REPORT ANY CONFLICTS OF INTEREST TO THE UNIVERSITY AS SOON AS PRACTICAL AFTER THEY BECOME AWARE OF SUCH A CONFLICT. EACH TRUSTEE, OFFICER AND KEY EMPLOYEE SHALL ALSO ANNUALLY COMPLETE A CONFLICT OF INTEREST QUESTIONNAIRE. THE UNIVERSITY MONITORS COMPLIANCE WITH ITS CONFLICT OF INTEREST POLICIES BY REVIEW OF THE ANNUAL CONFLICT OF INTEREST QUESTIONNAIRES BY THE UNIVERSITY SECRETARY. IF CONFLICTS OF INTEREST EXIST FOR OFFICERS AND KEY EMPLOYEES, THE AUDIT AND COMPLIANCE COMMITTEE OF THE BOARD OF TRUSTEES IS NOTIFIED BY THE SECRETARY AND THE COMMITTEE DETERMINES THE CORRECTIVE MEASURE, IF ANY, TO BE TAKEN TO RESOLVE THE CONFLICT, OR WILL IMPOSE APPROPRIATE RESTRICTIONS, IF ANY ON THE PERSON WITH THE CONFLICT. FOR CONFLICTS OF INTEREST INVOLVING THE TRUSTEES, THE AUDIT AND COMPLIANCE COMMITTEE OF THE BOARD OF TRUSTEES WILL BE NOTIFIED OF THE CONFLICT AND DETERMINES THE CORRECTIVE MEASURE, IF ANY, TO BE TAKEN TO RESOLVE THE CONFLICT, OR WILL IMPOSE APPROPRIATE RESTRICTIONS, IF ANY ON THE TRUSTEE WITH THE CONFLICT. THE AUDIT AND COMPLIANCE COMMITTEE OR THE TRUSTEE INVOLVED MAY REFER THE MATTER TO THE FULL BOARD FOR A DETERMINATION AS TO WHETHER A CONFLICT EXISTS. IF A CONFLICT IS FOUND TO EXIST, THE BOARD OF TRUSTEES, EXCLUDING SUCH CONFLICTED PERSON, HAS THE FINAL APPROVAL OF ANY RECOMMENDED CORRECTIVE MEASURES OR IMPOSED RESTRICTIONS. SUCH RESTRICTIONS MAY REQUIRE EXCLUDING CONFLICTED PERSONS FROM DISCUSSION AND APPROVAL OF TRANSACTIONS BENEFITTING THEM, DIRECTLY OR INDIRECTLY. PROCESS FOR DETERMINING COMPENSATION FORM 990, PART VI, LINE 15A PURPOSE - TO ESTABLISH THE PARAMETERS REGARDING EXECUTIVE COMPENSATION, WITH THE OBJECTIVE OF PROVIDING TOTAL COMPENSATION TO THE PRESIDENT AND HIS EXECUTIVE LEADERSHIP TEAM WHICH WILL SERVE TO MAINTAIN A COMPETITIVE MARKET POSITION AND RECOGNIZE THE ACHIEVEMENT OF ESTABLISHED FINANCIAL, QUALITY AND STRATEGIC GOALS FOR THE UNIVERSITY AND TO RECOGNIZE INDIVIDUAL PERFORMANCE, CONSISTENT WITH THE LAWS, REGULATIONS AND PRINCIPLES GOVERNING NON-PROFIT COMPENSATION. AS USED HEREIN, "EXECUTIVES" SHALL BE THE PRESIDENT'S EXECUTIVE LEADERSHIP TEAM. PROCEDURE - TO ESTABLISH A LEVEL OF COMPENSATION REQUIRED TO RECRUIT AND RETAIN EXECUTIVES, THE UNIVERSITY SHALL GIVE PRIMARY CONSIDERATION TO DATA ON EXECUTIVE COMPENSATION FOR COMPARABLE POSITIONS. AS A GENERAL RULE, "COMPARABLE POSITIONS" ARE THOSE LIKE POSITIONS WITHIN HIGHER EDUCATION THAT ARE SIMILAR TO THE UNIVERSITY IN TERMS OF REVENUE, NUMBER OF STUDENTS, SIZE OF ENDOWMENT, NUMBER OF EMPLOYEES AND/OR GEOGRAPHIC AREA. THE EXECUTIVE COMMITTEE OF THE UNIVERSITY BOARD OF TRUSTEES (EXECUTIVE COMMITTEE) SHALL APPROVE THE PRESIDENT'S COMPENSATION, INCLUDING WITHOUT LIMITATION, BASE COMPENSATION, INCENTIVE COMPENSATION, DEFERRED COMPENSATION, FRINGE AND OTHER BENEFITS. EACH EXECUTIVE COMMITTEE MEMBER VOTING ON THE PRESIDENT'S COMPENSATION ARRANGEMENT SHALL ENSURE THAT (S)HE HAS NO CONFLICT OF INTEREST, INCLUDING THAT (S)HE (A) DOES NOT ECONOMICALLY BENEFIT FROM PROPOSED EMPLOYEE; (B) DOES NOT RECEIVE COMPENSATION SUBJECT TO THE APPROVAL OF THE PROPOSED EMPLOYEE; AND (C) HAS NO MATERIAL FINANCIAL INTEREST AFFECTED BY THE TRANSACTION. THE DECISIONS OF THE EXECUTIVE COMMITTEE REGARDING THE PRESIDENT'S COMPENSATION AND THE DECISIONS OF THE PRESIDENT REGARDING THE EXECUTIVES COMPENSATION IS TO BE DOCUMENTED. THIS PROCESS WAS LAST UNDERTAKEN IN 2019. PROCESS FOR DETERMINING COMPENSATION FORM 990, PART VI, LINE 15B THE PRESIDENT SHALL APPROVE ALL EXECUTIVE COMPENSATION FOR THE EXECUTIVE LEADERSHIP TEAM, WHICH SHALL INCLUDE ALL COMPENSATION COMPONENTS, INCLUDING WITHOUT LIMITATION, BASE COMPENSATION, INCENTIVE COMPENSATION, DEFERRED COMPENSATION, FRINGE AND OTHER BENEFITS. THE PRESIDENT AND THE EXECUTIVE COMMITTEE SHALL USE COMPARABILITY DATA PROVIDED BY THE UNIVERSITY'S HUMAN RESOURCES DEPARTMENT, WHICH MAY INCLUDE INDUSTRY SURVEYS, EXPERT COMPENSATION STUDIES, DOCUMENTED COMPENSATION OF PERSONS HOLDING SIMILAR POSITIONS, OR OTHER COMPARABLE DATA IN APPROVING ANY COMPENSATION CHANGES. THE PRESIDENT AND THE EXECUTIVE COMMITTEE SHALL PERIODICALLY RETAIN THE SERVICES OF A COMPENSATION CONSULTANT TO PROVIDE AN EXTERNAL ASSESSMENT OF THE UNIVERSITY'S COMPENSATION ANALYSIS. IT SHOULD BE NOTED THAT THIS INFORMATION IS USED TO ARRIVE AT A REASONABLE AND ARM'S LENGTH DETERMINATION OF TOTAL COMPENSATION. HOW DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC FORM 990, PART VI, LINE 19 The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request. Reconcilation of net assets and fund balances ORM 990, PART XI, LINE 9 reclass of Net Assets - deferred tuition revenue $4,212,350 Annuity Adjustment ($25,804) -------------------------------- Total $4,186,546 4605 Chester Realty LLC 600 SOUTH 43RD STREET PHILADELPHIA PA 19104 Inactive PA 0 0 Usciences 4107 Chester Realty LLC 600 SOUTH 43RD STREET PHILADELPHIA PA 19104 Inactive PA 0 0 Usciences 4203 Chester Realty LLC 600 SOUTH 43RD STREET PHILADELPHIA PA 19104 Inactive PA 0 0 Usciences 4300 Chester Realty LLC 600 SOUTH 43RD STREET PHILADELPHIA PA 19104 Inactive PA 0 0 Usciences KINGSESSING REALTY LLC 600 SOUTH 43RD STREET PHILADELPHIA PA 19104 233067213 Real Estate PA 516097 2346336 Usciences