2020-07-15T14:50:03-05:00 2019-06-30 990 2018-07-01 231352630 DREXEL UNIVERSITY DREX 2158952000 3201 ARCH STREET NO 420 PHILADELPHIA PA 191042875 HELEN Y BOWMAN EXECUTIVE VP, TREASURER & COO 2158952803 2020-07-10 144.118.76.221 2020-07-10 11:05:01 US P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 4754D9D176192595AE2A5FCC962F9F4630821E4D 2018 2021-01-29 14:40:06Z JOHN A FRY 3141 CHESTNUT ST PHILADELPHIA PA 19104 1450786585 0 X WWW.DREXEL.EDU X 1894 PA INTEGRATED ACADEMIC OFFERINGS ENHANCED BY TECHNOLOGY, COOPERATIVE EDUCATION AND CLINICAL PRACTICE 53 50 13197 2419 4089841 1854366 191291661 179004281 1115397509 1120624186 46503927 23946893 22806673 27313939 1375999770 1350889299 381733610 413995077 0 0 589831461 619086394 227845 243798 15852643 366671399 397563068 1338464315 1430888337 37535455 -79999038 2041983820 2024922675 795806444 831642005 1246177376 1193280670 X DREXEL UNIVERSITY FULFILLS ITS FOUNDER'S VISION OF PREPARING EACH NEW GENERATION OF STUDENTS FOR PRODUCTIVE PROFESSIONAL AND CIVIC LIVES WHILE ALSO FOCUSING ITS COLLECTIVE EXPERTISE ON SOLVING SOCIETY'S GREATEST PROBLEMS. DREXEL IS AN ACADEMICALLY COMPREHENSIVE AND GLOBALLY ENGAGED URBAN RESEARCH UNIVERSITY, DEDICATED TO ADVANCING KNOWLEDGE AND SOCIETY AND TO PROVIDING EVERY STUDENT WITH A VALUABLE, RIGOROUS, EXPERIENTIAL, TECHNOLOGY-INFUSED EDUCATION, ENRICHED BY THE NATION'S PREMIER CO-OPERATIVE EDUCATION PROGRAM. 0 0 993989884 398147530 1044770008 INSTRUCTIONDREXEL IS A COMPREHENSIVE NATIONAL RESEARCH UNIVERSITY DEDICATED TO PROVIDING QUALITY UNDERGRADUATE, GRADUATE AND PROFESSIONAL EDUCATION FEATURING EXCELLENT ACADEMICS, STATE-OF-THE-ART TECHNOLOGY AND A FOCUS ON REAL-WORLD LEARNING AND SERVICE. THE UNIVERSITY'S RESEARCH ENTERPRISE WAS RECENTLY ELEVATED TO R1 STATUS IN THE CARNEGIE CLASSIFICATION OF INSTITUTIONS OF HIGHER EDUCATION--A RANK THAT DENOTES THE HIGHEST LEVEL OF RESEARCH ACTIVITY, HELD BY JUST 37 PRIVATE UNIVERSITIES AROUND THE COUNTRY. THE UNIVERSITY'S MISSION SERVES TRADITIONAL, ADULT AND ONLINE STUDENTS. DREXEL OFFERS NATIONALLY ACCREDITED PROGRAMS THAT MEET THE CHANGING NEEDS OF SOCIETY, INCLUDING MORE THAN 80 BACHELOR'S DEGREE PROGRAMS AND MORE THAN 120 GRADUATE AND PROFESSIONAL DEGREE PROGRAMS ORGANIZED IN 15 COLLEGES AND SCHOOLS: COLLEGE OF ARTS AND SCIENCES; SCHOOL OF BIOMEDICAL ENGINEERING, SCIENCE AND HEALTH SYSTEMS; BENNETT S. LEBOW COLLEGE OF BUSINESS; COLLEGE OF COMPUTING & INFORMATICS; SCHOOL OF EDUCATION; COLLEGE OF ENGINEERING; CHARLES D. CLOSE SCHOOL OF ENTREPRENEURSHIP; GRADUATE COLLEGE; PENNONI HONORS COLLEGE; THOMAS R. KLINE SCHOOL OF LAW; ANTOINETTE WESTPHAL COLLEGE OF MEDIA ARTS & DESIGN; COLLEGE OF MEDICINE; COLLEGE OF NURSING AND HEALTH PROFESSIONS; RICHARD C. GOODWIN COLLEGE OF PROFESSIONAL STUDIES AND DANA AND DAVID DORNSIFE SCHOOL OF PUBLIC HEALTH. DREXEL'S STRATEGIC EFFORTS FOCUS ON INVESTING FURTHER IN ACADEMIC EXCELLENCE, SERVING MORE STUDENTS WHILE IMPROVING THE STUDENT EXPERIENCE AND ENHANCING THE UNIVERSITY'S GLOBAL IMPACT. THESE EFFORTS PAY SPECIAL ATTENTION TO ENSURING THAT DREXEL'S ACADEMIC ENTERPRISE HELPS STRENGTHEN THE NEIGHBORHOODS AROUND ITS CAMPUSES. DREXEL IS THE LEAD ACADEMIC PARTNER IN THE APPLICATION AND IMPLEMENTATION PROCESS FOR THE FEDERAL PROMISE ZONE IN WEST PHILADELPHIA, ONE OF THE FIRST FIVE LOCATIONS CHOSEN FOR A WHITE HOUSE INITIATIVE TO DIRECT RESOURCES TO THE NATION'S MOST PERSISTENTLY POVERTY-STRICKEN COMMUNITIES.AS THE UNITED STATES TRANSITIONS TO AN INFORMATION ECONOMY, MANY JOBS REQUIRE THE CRITICAL THINKING AND PROBLEM-SOLVING SKILLS INSTILLED. FOR 100 YEARS, DREXEL HAS EQUIPPED STUDENTS FOR THE REAL WORLD THROUGH OUR RENOWNED COOPERATIVE EDUCATION PROGRAM. MOST RECENTLY, DREXEL ESTABLISHED THE DREXEL SOLUTIONS INSTITUTE THAT HAS BECOME THE NEW GATEWAY FOR INDUSTRY PARTNERSHIPS--CONNECTING DREXEL'S 1,600 CO-OP EMPLOYERS, AS WELL AS OTHER BUSINESSES AND NONPROFITS, TO DREXEL STUDENT TALENT, FACULTY EXPERTISE AND WORLD-CLASS RESOURCES. DREXEL HAS MADE A STRATEGIC COMMITMENT TO HELP IMPROVE THE NATION'S GLOBAL COMPETITIVENESS BY INCREASING STUDENTS' INTERNATIONAL ENGAGEMENT TO BUILD CULTURAL COMPETENCIES. IN RECENT YEARS, THE UNIVERSITY HAS GROWN THE NUMBER OF STUDY ABROAD OPPORTUNITIES BY MORE THAN A QUARTER AND THE NUMBER OF GLOBAL POSITIONS IN DREXEL'S SIGNATURE COOPERATIVE EDUCATION PROGRAM BY A THIRD, WHILE TRIPLING BOTH THE PROGRAMMING OF THE OFFICE OF INTERNATIONAL PROGRAMS AND THE TOTAL NUMBER OF INITIATIVES AT DREXEL THAT SUPPORT CROSS-CULTURAL EDUCATION AND ENGAGEMENT.UNDERGRADUATE ENROLLMENT FOR ACADEMIC YEAR 2018-2019 = 15,667GRADUATE AND PROFESSIONAL ENROLLMENT FOR ACADEMIC YEAR 2018-2019 = 8,967 NUMBER OF DEGREES CONFERRED IN ACADEMIC YEAR 2018-2019: ASSOCIATE DEGREES = 0 BACHELOR'S DEGREES = 3,441 MASTER'S DEGREES = 2,239 DOCTORAL DEGREES = 680 CERTIFICATES AND OTHER = 365 143508263 15847547 20998655 RESEARCHDREXEL RESEARCHERS WORK ACROSS DISCIPLINES TO INCREASE THE WORLD'S STORE OF KNOWLEDGE AND TRANSLATE THAT NEW KNOWLEDGE INTO SOLUTIONS WITH TREMENDOUS POSITIVE IMPACT ON SOCIETY. TYPICALLY, THE UNIVERSITY RECEIVES ABOUT $110 MILLION PER YEAR IN RESEARCH EXPENDITURES, BUT ITS OUTPUT RIVALS THAT OF UNIVERSITIES THAT RECEIVE ANYWHERE FROM THREE TO FIVE TIMES THAT AMOUNT. DREXEL IS COMMITTED TO USING ITS RESEARCH AND TECHNOLOGICAL EXPERTISE TO BECOME AN EVEN MORE POWERFUL ECONOMIC ENGINE FOR GREATER PHILADELPHIA, HELPING TO CREATE NEW HIGH-TECH BUSINESSES AND JOBS. DREXEL LAUNCHED TWO NEW ACCELERATOR PROGRAMS IN 2015, IN COLLABORATION WITH THE STATE-FUNDED BEN FRANKLIN TECHNOLOGY PARTNERS OF SOUTHEASTERN PENNSYLVANIA AND THE CITY OF PHILADELPHIA, TO HELP GROW NEW BUSINESSES IN TECHNOLOGY AND MEDICAL DEVICES AND THERAPEUTICS. THESE ACCELERATORS ARE AMONG THE FIRST BUILDING BLOCKS OF SCHUYLKILL YARDS, A DREXEL AND BRANDYWINE REALTY TRUST INITIATIVE TO DRIVE UNIVERSITY CITY'S ASCENDANCY AS A GLOBAL INNOVATION DISTRICT. DREXEL'S RESEARCHERS CONTINUE TO BUILD PARTNERSHIPS THAT ARE CRITICAL TO CREATING 21ST-CENTURY SOLUTIONS TO AMERICA'S CHALLENGES. IN APRIL 2016, THE U.S. DEPARTMENT OF DEFENSE TAPPED DREXEL AS A KEY LEADER IN THE CREATION OF A $75 MILLION NATIONAL RESEARCH INSTITUTE THAT WILL SUPPORT AMERICAN TEXTILE MANUFACTURERS IN BRINGING SOPHISTICATED NEW MATERIALS AND TEXTILES TO THE MARKETPLACE. THE INSTITUTE, CALLED ADVANCED FUNCTIONAL FABRICS OF AMERICA, WILL BE A NATIONAL MANUFACTURING RESOURCE CENTER FOR INDUSTRY AND GOVERNMENT TO DRAW ON ACADEMIC EXPERTISE IN NEW FIBERS AND TEXTILES. THE RESULT WILL BE FABRICS ENGINEERED TO SEE, HEAR, SENSE AND COMMUNICATE; SERVING AN ARRAY OF INDUSTRIES INCLUDING AEROSPACE, APPAREL, ARCHITECTURE AND HEALTH. IN 2019 OPENED THE CENTER FOR FUNCTIONAL FABRICS AND THE PENNSYLVANIA FABRIC DISCOVERY CENTER. THE LATTER WAS CREATED TO SUPPORT DREXEL'S ROLE AS THE REGIONAL LEADER OF ADVANCED FUNCTIONAL FABRICS OF AMERICA'S NETWORK OF FABRIC DISCOVERY CENTERS. DURING FY19, DREXEL UNIVERSITY CONDUCTED RESEARCH ON THE FOLLOWING RESEARCH GRANTS:FEDERALLY SPONSORED RESEARCH - 1,017 GRANTSSTATE OF PENNSYLVANIA SPONSORED RESEARCH - 125 GRANTSCITY OF PHILADELPHIA CONTRACTS - 37 GRANTSPRIVATE FOUNDATION SPONSORED RESEARCH - 404 GRANTSINDUSTRY SPONSORED RESEARCH - 244 GRANTS 145612612 0 74606841 PATIENT CARE/PUBLIC SERVICEIT IS THE COLLEGE'S PATIENT CARE MISSION TO SERVE THE COMMUNITY THROUGH THE DELIVERY OF HIGH-QUALITY, COST-EFFECTIVE HEALTH CARE SERVICES, INCLUDING PROGRAMS OF HEALTH PROMOTION AND DISEASE PREVENTION. ALL CLINICAL SERVICES ARE PROVIDED WITH CAREFUL REGARD FOR THE INDIVIDUAL PATIENT AND THEIR FAMILY. DREXEL UNIVERSITY'S CLINICAL PRACTICES LEAD THE WAY IN PIONEERING TREATMENTS AND PROVIDE EXCEPTIONAL CARE IN 18 SPECIALTY AREAS, INCLUDING INFECTIOUS DISEASE, SLEEP DISORDERS, CARDIOVASCULAR DISEASE, AND WOMEN'S HEALTH. 1283110759 1 1 0 1 0 0 0 1 0 1 1 1 0 0 1 1 0 1 1 0 1 1 1 1 1 0 0 1 1 1 1 0 0 0 0 0 0 1 0 1 1 1 1 0 0 1 1 1 1 0 0 1 X 26881 0 1 13197 1 1 1 1 EK CM 0 0 0 1 1 0 0 0 0 0 0 X 53 50 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 1 1 PA AK MD MA MI NH NY SC WA CO CA X COMPTROLLER'S OFFICE 2158951442 1505 RACE STREET 9TH FLOOR PHILADELPHIA PA 191021119 RENEE AMOORE TRUSTEE 2.00 0.00 X 0 0 0 CHRIS MCKENDRY ANDRADE TRUSTEE 2.00 0.00 X 0 0 0 PETER AUSTEN TRUSTEE 2.00 2.00 X 0 0 0 JEFFREY A BEACHELL TRUSTEE 2.00 2.00 X 0 0 0 JAMES BEAN TRUSTEE 2.00 0.00 X 0 0 0 SALLY J BELLET TRUSTEE 2.00 0.00 X 0 0 0 GREGORY S BENTLEY TRUSTEE 2.00 0.00 X 0 0 0 THOMAS E BERK TRUSTEE (AS OF 5/8/19) 2.00 0.00 X 0 0 0 KAREN DOUGHERTY BUCHHOLZ TRUSTEE 2.00 0.00 X 0 0 0 ELINOR HOSTERMAN BUCK TRUSTEE 2.00 0.00 X 0 0 0 RANDALL S BURKERT TRUSTEE 2.00 0.00 X 0 0 0 THOMAS A CARAMANICO TRUSTEE 2.00 0.00 X 0 0 0 R JOHN CHAPEL JR TRUSTEE 2.00 0.00 X 0 0 0 HONORABLE IDA K CHEN TRUSTEE 2.00 0.00 X 0 0 0 KATHLEEN P CHIMICLES TRUSTEE 2.00 0.00 X 0 0 0 ABBIE DEAN TRUSTEE 2.00 2.00 X 0 0 0 NICHOLAS DEBENEDICTIS TRUSTEE 2.00 0.00 X 0 0 0 RICHARD J DEPIANO TRUSTEE 2.00 0.00 X 0 0 0 GERIANNE TRINGALI DIPIANO TRUSTEE 2.00 0.00 X 0 0 0 DOMENIC M DIPIERO III TRUSTEE 2.00 0.00 X 0 0 0 MICHAEL J EDWARDS TRUSTEE 2.00 0.00 X 0 0 0 THOMAS O FITZPATRICK ESQ TRUSTEE 2.00 0.00 X 0 0 0 BRIAN R FORD TRUSTEE 2.00 0.00 X 0 0 0 MICHAEL FORMAN TRUSTEE 2.00 0.00 X 0 0 0 JOHN A FRY PRESIDENT 40.00 7.00 X X 2024282 0 406999 KENNETH FULMER TRUSTEE (AS OF 9/26/18) 2.00 0.00 X 0 0 0 SEAN J GALLAGHER TRUSTEE 2.00 0.00 X 0 0 0 DAVID R GELTZER TRUSTEE 2.00 0.00 X 0 0 0 RICHARD A GREENAWALT CHAIR 2.00 0.00 X X 0 0 0 MAURICIO GUTIERREZ TRUSTEE (AS OF 5/8/19) 2.00 0.00 X 0 0 0 RICHARD A HAYNE VICE CHAIR 2.00 0.00 X X 0 0 0 NINA HENDERSON VICE CHAIR 2.00 0.00 X X 0 0 0 RICHARD C ILL TRUSTEE 2.00 0.00 X 0 0 0 PATRICIA H IMBESI TRUSTEE 2.00 0.00 X 0 0 0 JOSEPH H JACOVINI ESQ TRUSTEE 2.00 0.00 X 0 0 0 DAVID V KAGANOVSKY TRUSTEE 2.00 0.00 X 0 0 0 THOMAS R KLINE TRUSTEE 2.00 0.00 X 0 0 0 LAWRENCE M KORMAN TRUSTEE 2.00 0.00 X 0 0 0 J MICHAEL LAWRIE TRUSTEE 2.00 0.00 X 0 0 0 RAPHAEL C LEE TRUSTEE 2.00 0.00 X 0 0 0 JAMES JOSEPH MAGUIRE JR TRUSTEE 2.00 0.00 X 0 0 0 PATRICK MCGONIGAL TRUSTEE 2.00 0.00 X 0 0 0 MATTHEW S NAYLOR TRUSTEE 2.00 0.00 X 0 0 0 DENIS P O'BRIEN TRUSTEE 2.00 0.00 X 0 0 0 KEVIN J O'HARA TRUSTEE 2.00 0.00 X 0 0 0 RICHELLE P PARHAM TRUSTEE 2.00 0.00 X 0 0 0 CHARLES P PIZZI TRUSTEE 2.00 0.00 X 0 0 0 THOMAS M RAMPULLA TRUSTEE 2.00 0.00 X 0 0 0 PHILIP L RINALDI TRUSTEE 2.00 0.00 X 0 0 0 STANLEY W SILVERMAN VICE CHAIR 2.00 0.00 X X 0 0 0 JOSEPH P UJOBAI TRUSTEE 2.00 0.00 X 0 0 0 CHARLES K VALUTAS TRUSTEE 2.00 0.00 X 0 0 0 MICHAEL J WILLIAMS TRUSTEE 2.00 0.00 X 0 0 0 JANICE K MARINI SECRETARY 40.00 0.00 X 224130 0 33221 HELEN Y BOWMAN EXECUTIVE VP/TREASURER/COO 40.00 7.00 X 620853 0 92741 DAVID L UNRUH SVP INST ADVANCEMENT 40.00 0.00 X 459428 0 82741 LORI N DOYLE SVP UNIV COMMUNICATIONS 40.00 0.00 X 334754 0 48210 SUSAN C ALDRIDGE SVP ONLINE LEARNING & PRES 40.00 0.00 X 376049 0 38959 BRIAN T KEECH SVP GOV & COMMUNITY RELATI 40.00 0.00 X 260896 0 45265 RANDALL C DEIKE SVP ENROLLMENT MGMT & STUD 40.00 0.00 X 519307 0 87486 KEITH A ORRIS SVP CORP RELATIONS & ECON 40.00 2.00 X 361334 0 44296 MICHAEL J EXLER ESQ SVP AND GENERAL COUNSEL 40.00 2.00 X 410988 0 48241 M BRIAN BLAKE PROVOST & EVP ACADEMIC AFF 40.00 2.00 X 584688 0 92741 DANIEL V SCHIDLOW DEAN AND SVP, MEDICAL AFFA 40.00 0.00 X 687782 0 31687 DAVID STEIN ASSOCIATE DEAN & COO, SURG 40.00 0.00 X 660524 0 48241 OWEN MONTGOMERY CHAIR, OB/GYN CONTROL 40.00 0.00 X 472524 0 31072 ZACHARY SPIKER HEAD COACH, MEN'S BASKETBALL 40.00 0.00 X 442759 0 42002 LIA LOGIO PROFESSOR AND CHAIR, DEPT. 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OF SURGERY 40.00 0.00 X 431867 0 36022 JOSEPH B HUGHES FORMER DEAN, COLLEGE OF EN 40.00 0.00 X 326460 0 44851 DONNA MURASKO PHD FORMER DEAN, COLLEGE OF ARTS & SC 40.00 0.00 X 379695 0 44296 MARK GREENBERG FORMER PROVOST AND SVP, AC 40.00 0.00 X 395057 0 40891 10412296 0 1383930 1132 1 1 0 ARAMARK SERVICES INC 27310 NETWORK PLACE CHICAGO IL 60673 FOOD SERVICES 17703517 ALLIED UNIVERSAL SECURITY SERVICES 161 WASHINGTON STREET STE 600 CONSHOHOCKEN PA 19428 SECURITY SERVICES 6723254 BITTENBENDER CONSTRUCTION LP 5 N COLUMBUS BLVD PHILADELPHIA PA 19106 CONSTRUCTION SERVICES 6086966 P AGNES INC 2101 PENROSE AVE PHILADELPHIA PA 19145 CONSTRUCTION SERVICES 5590394 INTECH CONSTRUCTION LLC 3020 MARKET ST PHILADELPHIA PA 19104 CONSTRUCTION SERVICES 3717246 203 18589 887544 43581530 109329314 25187304 1268876 179004281 TUITION AND FEES 611310 950906040 950906040 AUXILIARY ENTERPRISES 611710 73672824 73672824 PATIENT CARE 621110 73314649 73314649 NON-DIRECT PUB SUPPORT 900099 22571021 22571021 OTHER PROGRAM SERVICES 611710 159652 159652 1120624186 16674685 16674685 424872 424872 3838991 605899 3233092 3233092 3233092 106202000 98929792 7272208 7272208 7272208 176411 887544 361595 -185184 -185184 MISCELLANEOUS REVENUE 900099 21849646 19751318 2098328 APPLICATION SERVICE PR 541519 1981805 1981805 ADVERTISING REVENUE 900099 9708 9708 23841159 1350889299 1140375504 4089841 27419673 15847547 15847547 396040692 396040692 2106838 2106838 6818038 1472577 4247465 1097996 483515745 423341803 51817438 8356504 34724491 30392642 3709033 622816 62980942 52939027 8905179 1136736 31047178 26938323 3519898 588957 1025050 1025050 4461264 1706528 2753928 808 1571479 1571479 678325 621405 56920 243798 243798 3063724 3063724 68266883 60617982 7092686 556215 14468513 14272157 189531 6825 54060778 49800918 3611635 648225 24013994 20223204 3257221 533569 1550848 1550848 77214239 60179457 17033881 901 13295670 12058941 702290 534439 7023321 5529934 712237 781150 15194735 13629804 1564931 4078256 22204 4051493 4559 47080116 42216869 4863247 21189202 17540759 3364441 284002 BAD DEBT EXPENSE 23029624 22032160 997464 HOSPITALITY 2064074 1885188 136127 42759 LOSS ON DISPOSITION OF 1901145 1807889 93256 UBIT EXPENSE 1236448 0 1236448 11095380 7310013 3372983 412384 1430888337 1283110759 131924935 15852643 85446 90409 37337190 39542759 144267814 126448645 118917801 64758983 8180787 9144742 1484662191 576934458 884992062 907727733 458176982 441722277 332939000 385703000 28714176 23401735 28372562 26382392 2041983820 2024922675 193826264 217633510 141312916 123333697 404980897 425986669 55686367 64688129 795806444 831642005 X 643206586 577554979 273445620 268241703 329525170 347483988 1246177376 1193280670 2041983820 2024922675 -79999038 27102332 0 X X 0 1 X 1 1 1 X 167363697 180378244 147223454 191291661 179004281 865261337 167363697 180378244 147223454 191291661 179004281 865261337 58792590 806468747 29299768 7137475 83863653 19628337 20938548 160867781 2917742 2447445 3376232 3460327 1854366 14056112 1040185230 4653876856 0.77530 0.71840 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 0 0 1 243298 0 0 1 435027 0 0 678325 0 PART II-B, LINE 1: LINE A - VOLUNTEERS: DREXEL UNIVERSITY HAS USED VOLUNTEERS TO HELP GET OUR MESSAGE TO ELECTED OFFICIALS. SPECIFICALLY, WE HAVE PARTICIPATED IN SUCH ACTIVITIES SUCH AS STUDENT LOBBYING DAY, SPONSORED BY THE ASSOCIATION FOR INDEPENDENT COLLEGES AND UNIVERSITIES, IN WHICH WE TAKE STUDENTS TO HARRISBURG TO MEET THEIR ELECTED OFFICIALS. THIS IS DONE IN COORDINATION WITH THE STUDENT GOVERNMENT ASSOCIATION AND THE OFFICE OF UNIVERSITY STUDENT LIFE. LINE D - MAILINGS TO MEMBERS, LEGISLATORS OR THE PUBLIC: IN CASES WHERE LEGISLATION MAY OR WILL AFFECT THE UNIVERSITY, ITS SUBSIDIARIES OR HIGHER EDUCATION AND HEALTH CARE IN GENERAL, WE MAKE CONTACT WITH LEGISLATORS THROUGH MAILINGS. THESE ARE PERSONALIZED MAILINGS AS OPPOSED TO DIRECT MAIL CAMPAIGNS. LINE G - DIRECT CONTACT WITH LEGISLATORS, THEIR STAFFS, GOVERNMENT OFFICIALS, OR A LEGISLATIVE BODY: WE HAVE DIRECT CONTACT WITH OUR LEGISLATORS, THEIR STAFFS, AND VARIOUS GOVERNMENT OFFICIALS THROUGHOUT THE YEAR VIA PHONE CALLS, WRITTEN CORRESPONDENCE, AND MEETINGS. THE FREQUENCY OF CONTACT DEPENDS ON THE ISSUES AT HAND. 10583421 X X X X 0 717995000 16601000 41768000 7343000 16617000 752404000 639825000 17490000 79605000 6921000 12004000 717995000 589106075 1981000 69113000 6471075 13904000 639825000 585577000 39641291 -13919159 6040655 16152402 589106075 421686000 172402000 14441000 5726137 17225863 585577000 0.36630 0.41450 0.21920 0 0 99613486 99613486 1044854425 347685718 697168707 102773522 57302273 45471249 159768866 116672342 43096524 77651892 55274125 22377767 907727733 INVESTMENT AT NAV (PRIVATE EQUITY, REAL ESTATE, HEDGE FUNDS, AND OTHER) 281444000 F REAL ESTATE & REAL ASSETS FUNDS 104259000 F 385703000 DEPOSITS 28644056 GOVERNMENT ADVANCES FOR STUDENT LOANS 29198545 CAPITAL LEASE, ARMORY 6845528 64688129 X PART III, LINE 4: THE DREXEL COLLECTION, FOUNDED BY A.J. DREXEL IN 1892, CONSISTS OF APPROXIMATELY 6,000 WORKS OF ART. THE FOCUS OF THE COLLECTION IS PRIMARILY 19TH CENTURY EUROPEAN ART INCLUDING PAINTINGS, SCULPTURE, PRINTS AND DRAWINGS, PORCELAIN, SILVER AND FURNITURE. THE DREXEL COLLECTION IS DISPLAYED IN THREE GALLERIES - THE ANTHONY J. DREXEL PICTURE GALLERY, THE RINCLIFFE GALLERY AND THE GALLERY IN THE PAUL PECK ALUMNI CENTER. THE ANTHONY J. DREXEL PICTURE GALLERY DISPLAYS OUR PERMANENT COLLECTION OF PRIMARILY 19TH CENTURY EUROPEAN PAINTINGS AND IS USED DAILY FOR TOURS OF THE UNIVERSITY. THE RINCLIFFE AND PAUL PECK ALUMNI GALLERIES ARE ROTATING EXHIBITION SPACES THAT INCORPORATE BOTH INTERNAL COLLECTIONS AND LOAN ITEMS AND BOTH ARE USED AS A TEACHING TOOL ABOUT EXHIBITION PLANNING AND PROGRAMMING FOR STUDENTS IN THE MUSEUM LEADERSHIP AND ARTS MANAGEMENT PROGRAMS. THE GALLERIES ARE FREE AND OPEN TO THE STUDENTS, FACULTY, STAFF AND THE PUBLIC. OBJECTS FROM THE DREXEL COLLECTION ARE ALSO DISPLAYED THROUGHOUT THE MAIN BUILDING AND UNIVERSITY CITY, CENTER CITY AND QUEEN LANE CAMPUSES. THE DISPLAYS INTERPRET THE ARTWORK TO MAKE THEM MORE RELEVANT TO THE STUDENTS, FACULTY AND STAFF. THE COLLECTION OBJECTS ARE ALSO USED FOR WORKSHOPS AND CLASSES TO DESIGN AND IMPLEMENT PUBLIC EXHIBITIONS, RESEARCH PROJECTS AND PRACTICUMS FOR STUDENTS STUDYING MUSEUM LEADERSHIP AND ART MANAGEMENT. PART V, LINE 4: DREXEL UNIVERSITY HAD AN ENDOWMENT SPENDING RULE THAT LIMITED THE SPENDING OF ENDOWMENT RESOURCES TO 4.75% OF THE AVERAGE MARKET VALUE OF THE POOLED ENDOWMENT PORTFOLIO FOR THE PRIOR SEVEN FISCAL YEARS. TO THE EXTENT THAT CURRENT YIELD IS INADEQUATE TO MEET THE SPENDING RULE, A PORTION OF CUMULATIVE REALIZED NET GAINS IS AVAILABLE FOR CURRENT USE. ENDOWMENT RESOURCES ARE USED TO FUND OPERATIONS, SCHOLARSHIPS, ACADEMIC PROGRAMS AND PROFESSORSHIPS. PART X, LINE 2: THE UNIVERSITY HAS BEEN GRANTED TAX-EXEMPT STATUS AS A NON-PROFIT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND, ACCORDINGLY, FILES FEDERAL TAX FORM 990 (RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX) ANNUALLY. THE UNIVERSITY FILES U.S. FEDERAL, STATE AND LOCAL INFORMATIONAL RETURNS. THE STATUTE OF LIMITATIONS ON THE UNIVERSITY'S U.S. FEDERAL INFORMATION RETURNS REMAINS OPEN FOR THREE YEARS FOLLOWING THE YEAR THEY ARE FILED. THE UNIVERSITY AND ITS AFFILIATES ENGAGE IN ACTIVITIES THAT ARE SUBJECT TO UNRELATED BUSINESS INCOME TAXES FOR WHICH APPROPRIATE INCOME TAX RETURNS ARE FILED. THE FINANCIAL ACCOUNTING STANDARDS BOARD ("FASB") ISSUED ACCOUNTING STANDARDS CODIFICATION ("ASC") NO.740-10, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, WHICH REQUIRES THAT A TAX POSITION BE RECOGNIZED OR DERECOGNIZED BASED ON A "MORE LIKELY THAN NOT" THRESHOLD. THE UNIVERSITY DOES NOT BELIEVE THERE ARE ANY UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION IN THE FINANCIAL STATEMENTS. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 DREXEL UNIVERSITY INCLUDES ITS RACIALLY NONDISCRIMINATORY POLICY IN NEWSPAPER AND MAGAZINE ADVERTISING DURING REGISTRATION PERIODS AND IN STUDENT BROCHURES. SCHEDULE E, PART I, LINE 5 DREXEL UNIVERSITY WAS FOUNDED UPON THE PRINCIPLE OF DIVERSITY AS AN EDUCATIONAL GOAL AND REMAINS COMMITTED TO THAT PRINCIPLE TODAY. IN 1892, NOTED FINANCIER, PHILANTHROPIST, AND ADVISOR TO U.S. PRESIDENTS, ANTHONY J. DREXEL CREATED THE DREXEL INSTITUTE OF ART, SCIENCE AND INDUSTRY TO PROVIDE HIGHER EDUCATION TO MEN AND WOMEN OF THE WORKING CLASS WHO WERE NOT WELCOME IN THE COLLEGES AND UNIVERSITIES OF THAT DAY. A.J. DREXEL ENVISIONED A LEARNING ENVIRONMENT IN WHICH YOUNG MEN AND WOMEN WOULD LEARN SKILLS AND ACQUIRE KNOWLEDGE IN SUBJECTS THAT WOULD PREPARE THEM FOR REWARDING CAREERS. DREXEL'S CO-OPERATIVE EDUCATION PROGRAM ENCOURAGES STUDENTS TO LEARN HOW TO WORK TOGETHER BY PLACING THEM IN REAL BUSINESS SETTINGS THAT ARE INCREASINGLY DIVERSE. WE HAVE EMBRACED DIVERSITY BECAUSE WE KNOW THERE IS NO OTHER WAY TO ENSURE OUR STUDENTS ARE PREPARED FOR A DIVERSE WORLD. WE WILL CONTINUE TO HONOR OUR FOUNDERS' VISIONS, CREATING A DIVERSE STUDENT COMMUNITY AS AN ESSENTIAL PART OF OUR MISSION. SCHEDULE E, PART I, LINE 6 DREXEL UNIVERSITY RECEIVES FUNDS FROM VARIOUS FEDERAL AND STATE GOVERNMENTAL AGENCIES UNDER THEIR RESPECTIVE STUDENT FINANCIAL AID ASSISTANCE PROGRAMS. FEDERAL PROGRAMS INCLUDE THE PELL GRANT PROGRAM, SUPPLEMENTAL EDUCATION OPPORTUNITY GRANT (SEOG) PROGRAM, COLLEGE WORK STUDY (CWS) PROGRAM AND PERKINS LOAN PROGRAM. THE STATE PROGRAM IS THE PENNSYLVANIA HIGHER EDUCATION ASSISTANCE PROGRAM FOR STUDENTS. THE UNIVERSITY RECEIVES FUNDS FROM VARIOUS FEDERAL AND STATE GOVERNMENTAL AGENCIES FOR SPONSORED RESEARCH AND OTHER PROJECT GRANTS, INCLUDING NSF AND HHS. APPROPRIATIONS ARE RECEIVED FROM THE COMMONWEALTH OF PENNSYLVANIA FOR THE MD PROGRAM, GENERAL MAINTENANCE OF THE COLLEGE, STUDENT AID, MINORITY EDUCATION AND RECRUITMENT, PEDIATRIC SERVICES AND OTHER OPERATING EXPENSES THAT FURTHER OUR MISSION AND OBJECTIVES OF EDUCATION AND RESEARCH. 1 MIDDLE EAST AND NORTH AFRICA BUSINESS 8876 NORTH AMERICA BUSINESS 1314 EAST ASIA AND THE PACIFIC BUSINESS 1619 EUROPE BUSINESS 1807 NORTH AMERICA FUNDRAISING 917 EAST ASIA AND THE PACIFIC FUNDRAISING 3679 EUROPE FUNDRAISING 14354 MIDDLE EAST & NORTH AFRICA FUNDRAISING 885 NORTH AMERICA PROGRAM SERVICES ATHLETICS 3107 EAST ASIA AND THE PACIFIC PROGRAM SERVICES ATHLETICS 14236 SOUTH AMERICA PROGRAM SERVICES ATHLETICS 1100 EUROPE PROGRAM SERVICES ATHLETICS 112121 EUROPE PROGRAM SERVICES CONFERENCES/TRAVEL 190523 EAST ASIA AND THE PACIFIC PROGRAM SERVICES CONFERENCES/TRAVEL 81108 SOUTH AMERICA PROGRAM SERVICES CONFERENCES/TRAVEL 16860 NORTH AMERICA PROGRAM SERVICES CONFERENCES/TRAVEL 128413 SUB-SAHARAN AFRICA PROGRAM SERVICES CONFERENCES/TRAVEL 9756 SOUTH ASIA PROGRAM SERVICES CONFERENCES/TRAVEL 36705 SOUTH ASIA PROGRAM SERVICES RECRUITING 4952 SUB-SAHARAN AFRICA PROGRAM SERVICES RECRUITING 140 EUROPE PROGRAM SERVICES RECRUITING 28813 EAST ASIA AND THE PACIFIC PROGRAM SERVICES RECRUITING 36934 NORTH AMERICA PROGRAM SERVICES RECRUITING 38002 MIDDLE EAST & NORTH AFRICA PROGRAM SERVICES RECRUITING 3780 RUSSIA PROGRAM SERVICES RESEARCH 7679 SUB-SAHARAN AFRICA PROGRAM SERVICES RESEARCH 628974 SOUTH ASIA PROGRAM SERVICES RESEARCH 3934 SOUTH AMERICA PROGRAM SERVICES RESEARCH 321830 EAST ASIA AND THE PACIFIC PROGRAM SERVICES RESEARCH 90672 CENTRAL AMERICA PROGRAM SERVICES RESEARCH 125792 MIDDLE EAST & NORTH AFRICA PROGRAM SERVICES RESEARCH 9961 NORTH AMERICA PROGRAM SERVICES RESEARCH 216848 EUROPE PROGRAM SERVICES RESEARCH 395539 NORTH AMERICA PROGRAM SERVICES STUDY ABROAD 10379 SUB-SAHARAN AFRICA PROGRAM SERVICES STUDY ABROAD 8354 SOUTH AMERICA PROGRAM SERVICES STUDY ABROAD 11677 SOUTH ASIA PROGRAM SERVICES STUDY ABROAD 4178 EAST ASIA AND THE PACIFIC PROGRAM SERVICES STUDY ABROAD 13962 CENTRAL AMERICA PROGRAM SERVICES STUDY ABROAD 167884 EUROPE PROGRAM SERVICES STUDY ABROAD 1860140 CENTRAL AMERICA PROGRAM SERVICES CONFERENCES/TRAVEL 8403 RUSSIA PROGRAM SERVICES CONFERENCES/TRAVEL 2607 MIDDLE EAST & NORTH AFRICA PROGRAM SERVICES CONFERENCES/TRAVEL 14369 MIDDLE EAST & NORTH AFRICA PROGRAM SERVICES STUDY ABROAD 12659 0 0 0 0 0 0 33451 4622391 4655842 NORTH AMERICA RESEARCH 13334 WIRE 0 NORTH AMERICA RESEARCH 24687 WIRE 0 EAST ASIA AND THE PACIFIC RESEARCH 26058 WIRE 0 SOUTH AMERICA RESEARCH 39207 WIRE 0 NORTH AMERICA RESEARCH 93921 WIRE 0 CENTRAL AMERICA AND THE CARIBBEAN RESEARCH 96790 WIRE 0 SUB-SAHARAN AFRICA RESEARCH 101428 WIRE 0 SOUTH AMERICA RESEARCH 127694 WIRE 0 NORTH AMERICA RESEARCH 130460 WIRE 0 SOUTH AMERICA RESEARCH 135761 WIRE 0 SOUTH AMERICA RESEARCH 150841 WIRE 0 EUROPE (INCLUDING ICELAND & GREENLAND) RESEARCH 202602 WIRE 0 SOUTH AMERICA RESEARCH 226186 WIRE 0 SUB-SAHARAN AFRICA RESEARCH 229885 WIRE 0 14 0 SCHOLARSHIPS EAST ASIA AND THE PACIFIC 45 245500 CHECK SCHOLARSHIPS EUROPE 27 165000 CHECK SCHOLARSHIPS SUB-SAHARAN AFRICA 7 30103 CHECK SCHOLARSHIPS NORTH AMERICA 1 6000 CHECK SCHOLARSHIPS SOUTH AMERICA 2 16500 CHECK SCHOLARSHIPS MIDDLE EAST AND NORTH AFRICA - ALGERIA, BAHRAIN, DJIBOUTI, EGYPT, 4 36000 CHECK SCHOLARSHIPS RUSSIA AND NEIGHBORING STATES - ARMENIA, AZERBIJAN, BELARUS, 1 6000 CHECK 1 0 1 1 1 0 PART I, LINE 2: DREXEL'S OFFICE OF RESEARCH HAS RESPONSIBILITY FOR OVERSEEING GRANTS (TYPICALLY SUBAWARDS) TO FOREIGN ORGANIZATIONS. THE OFFICE OF RESEARCH BEGINS WITH A "PRE-AWARD PROCESS," WHICH INVOLVES GATHERING BACKGROUND INFORMATION ABOUT THE POTENTIAL GRANTEE, CONDUCTING A RISK ASSESSMENT WITH RESPECT TO THE POTENTIAL GRANTEE, DEVELOPING APPROPRIATE TERMS FOR THE GRANTS, AND ENTERING INTO A WRITTEN AGREEMENT WITH THE GRANTEE. ONCE A GRANT HAS BEEN APPROVED IN PRINCIPLE, THE OFFICE OF RESEARCH FOCUSES ON THE "OPERATIONS AND COMPLIANCE PROCESS," WHICH INVOLVES USING VISUAL COMPLIANCE TO SCREEN PAYEES AGAINST THE "SPECIALLY DESIGNATED NATIONALS" LIST OF THE TREASURY DEPARTMENT'S OFFICE OF FOREIGN ASSET CONTROL AND SIMILAR WATCH LISTS. ONCE THE GRANTEE HAS PASSED THIS SCREENING AND THERE IS A WRITTEN GRANT AGREEMENT, THE OFFICE OF RESEARCH MOVES TO THE "POST-AWARD PROCESS AND EXPENSES MONITORING." THIS INVOLVES REVIEWING PROPOSED GRANT PAYMENTS TO ENSURE THAT THE GRANTEE HAS PROVIDED APPROPRIATE DOCUMENTATION FOR THE GRANT EXPENSES AND THAT SUCH EXPENSES FALL WITHIN THE CATEGORY OF "ALLOWABLE EXPENSES" UNDER THE PARTICULAR PRIME GRANT OR CONTRACT. DREXEL ALSO REQUIRES THE PRINCIPAL INVESTIGATOR OF THE PRIME GRANT OR CONTRACT (WHO IS TYPICALLY A DREXEL PROFESSOR OR RESEARCHER) TO APPROVE THE PROPOSED PAYMENTS AND DOCUMENTATION OF THE SERVICES RENDERED PRIOR TO MAKING PAYMENT. IF THERE ARE QUESTIONS ABOUT THE USE OF FUNDS BY A GRANTEE, DREXEL CONDUCTS AN INVESTIGATION AND WITHHOLDS ANY FURTHER PAYMENT PENDING RESOLUTION OF THE INVESTIGATION. X X X X X X X 1 RUFFALO NOEL LEVITZ 1025 KIRKWOOD PARKWAY SW CEDAR RAPIDS IA 52404 PHONE SOLICITATION PROGRAM 0 95909 243798 -147889 95909 243798 -147889 AL AK AZ AR CA CO CT DE FL GA HI ID IL IN IA KS KY LA ME MD MA MI MN MS MO MT NE NV NH NJ NM NY NC ND OH OK OR PA RI SC SD TN TX UT VT VA WA WV WI WY BUSINESS LEADER LUNCH 2019 491250 452100 39150 467 24460 74716 IWHL - WOMEN ONE EVENT 119570 116495 3075 1080 29803 28886 5 453135 318949 134186 4113 107090 63171 3058 24751 1063955 887544 176411 4113 108637 117434 3058 128353 361595 -185184 1 UNIVERSITY OF SOUTH FLORIDA RESEARCH PROJECTS RECEIVABLES PO BOX 864568 ORLANDO FL 32886 593102112 115 11159 RESEARCH TEXAS A&M UNIVERSITY OFFICE OF SPONSORED RESEARCH SERVICES 400 HARVEY MITCHELL PKWY S COLLEGE STATION TX 77845 746000531 115 18891 RESEARCH UNIVERSITY OF ARIZONA SPONSORED PROJECTS SERVICES 1303 E UNIVERSITY BLVD BOX 3 TUCSON AZ 85719 742652689 115 19740 RESEARCH UNIVERSITY OF HAWAII OFFICE OF RESEARCH SERVICES 2440 CAMPUS ROAD BOX 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MONITORS SUBCONTRACTOR PERFORMANCE BASED ON THE PROGRAM'S TASKS AND GOALS. THE PRINCIPAL INVESTIGATOR REVIEWS THE PERFORMANCE BEFORE AUTHORIZING THE SUBCONTRACTOR'S INVOICE FOR PAYMENT. X X X X X 0 1 X X X X X X 0 1 0 0 0 0 0 0 0 JOHN A FRY PRESIDENT 791991 0 225000 0 1007291 0 391520 0 15479 0 2431281 0 600000 0 JANICE K MARINI SECRETARY 224130 0 0 0 0 0 22687 0 10534 0 257351 0 0 0 HELEN Y BOWMAN EXECUTIVE VP/TREASURER/COO 619359 0 0 0 1494 0 74750 0 17991 0 713594 0 0 0 DAVID L UNRUH SVP INST ADVANCEMENT 457934 0 0 0 1494 0 64750 0 17991 0 542169 0 0 0 LORI N DOYLE SVP UNIV COMMUNICATIONS 333323 0 0 0 1431 0 30250 0 17960 0 382964 0 0 0 SUSAN C ALDRIDGE SVP ONLINE LEARNING & PRES 374545 0 0 0 1504 0 30250 0 8709 0 415008 0 0 0 BRIAN T KEECH SVP GOV & COMMUNITY RELATI 259402 0 0 0 1494 0 27274 0 17991 0 306161 0 0 0 RANDALL C DEIKE SVP ENROLLMENT MGMT & STUD 517803 0 0 0 1504 0 80250 0 7236 0 606793 0 0 0 KEITH A ORRIS SVP CORP RELATIONS & ECON 361334 0 0 0 0 0 30250 0 14046 0 405630 0 0 0 MICHAEL J EXLER ESQ SVP AND GENERAL COUNSEL 409494 0 0 0 1494 0 30250 0 17991 0 459229 0 0 0 M BRIAN BLAKE PROVOST & EVP ACADEMIC AFF 566799 0 0 0 17889 0 74750 0 17991 0 677429 0 0 0 DANIEL V SCHIDLOW DEAN AND SVP, MEDICAL AFFA 684381 0 0 0 3401 0 30250 0 1437 0 719469 0 0 0 DAVID STEIN ASSOCIATE DEAN & COO, SURG 603690 0 0 0 56834 0 30250 0 17991 0 708765 0 0 0 OWEN MONTGOMERY CHAIR, OB/GYN CONTROL 472524 0 0 0 0 0 30250 0 822 0 503596 0 0 0 ZACHARY SPIKER HEAD COACH, MEN'S BASKETBALL 441017 0 0 0 1742 0 24750 0 17252 0 484761 0 0 0 LIA LOGIO PROFESSOR AND CHAIR, DEPT. OF MEDICI 400825 0 0 0 38094 0 30250 0 13718 0 482887 0 0 0 MATTHEW LAWRENCE PROFESSOR, DEPT. OF SURGERY 431867 0 0 0 0 0 24750 0 11272 0 467889 0 0 0 JOSEPH B HUGHES FORMER DEAN, COLLEGE OF EN 240958 0 0 0 85502 0 30250 0 14601 0 371311 0 0 0 DONNA MURASKO PHD FORMER DEAN, COLLEGE OF ARTS & SC 360000 0 0 0 19695 0 30250 0 14046 0 423991 0 0 0 MARK GREENBERG FORMER PROVOST AND SVP, AC 393553 0 0 0 1504 0 30250 0 10641 0 435948 0 0 0 PART I, LINE 1A UNIVERSITY POLICY AUTHORIZES BUSINESS OR FIRST-CLASS TRAVEL FOR ALL EMPLOYEES WHEN FLIGHTS EXCEED FIVE HOURS IN DURATION WITH THE APPROPRIATE APPROVAL IN ADVANCE. GENERALLY, THE UNIVERSITY DOES NOT PAY FOR OR REIMBURSE THE TRAVEL-RELATED OR ENTERTAINMENT EXPENSES OF AN EMPLOYEE'S OR OTHER AUTHORIZED PERSON'S SPOUSE/COMPANION. SPOUSAL/COMPANION TRAVEL IS PAID FOR OR REIMBURSED BY THE UNIVERSITY ON RARE OCCASIONS, AND ONLY IF SUCH TRAVEL MEETS EXCEPTIONS OUTLINED IN THE UNIVERSITY'S SPOUSAL/COMPANION POLICY. TO QUALIFY FOR AN EXCEPTION, THERE MUST BE A DOCUMENTED AND BONA FIDE BUSINESS PURPOSE DIRECTLY BENEFITING THE UNIVERSITY, AND THE PRESENCE OF THE SPOUSE/COMPANION MUST BE ESSENTIAL TO THE UNIVERSITY EMPLOYEE OR OTHER AUTHORIZED PERSONNEL. THE PRESIDENT IS PROVIDED A MONTHLY HOUSING ALLOWANCE, WHICH IS INCLUDED IN HIS TAXABLE INCOME. THE PRESIDENT IS ALSO PROVIDED A DRIVER TO ATTEND UNIVERSITY RELATED EVENTS, THE VALUE OF WHICH IS NOT INCLUDED IN TAXABLE INCOME. THE PRESIDENT RECEIVES SOCIAL CLUB MEMBERSHIPS FOR BUSINESS-RELATED ACTIVITIES. THE PRESIDENT IS REQUIRED TO REPORT ANY PERSONAL USE OF SOCIAL CLUB MEMBERSHIPS, AND SUCH USE IS INCLUDED IN TAXABLE INCOME. SOCIAL CLUB DUES FOR BUSINESS-RELATED ACTIVITIES WERE PROVIDED FOR SENIOR VICE PRESIDENTS AND DEANS, AND ARE TREATED AS NON-TAXABLE COMPENSATION. SENIOR VICE PRESIDENTS AND DEANS ARE REQUIRED TO REPORT ANY PERSONAL USE OF SOCIAL CLUB MEMBERSHIPS, AND SUCH USE IS INCLUDED IN TAXABLE INCOME. PART I, LINE 1B HOUSING ALLOWANCES AND SOCIAL CLUB MEMBERSHIPS WERE APPROVED BY THE PRESIDENT OR PROVOST. PART I, LINE 4B THE UNIVERSITY PROVIDES MR. FRY WITH CERTAIN SUPPLEMENTAL RETIREMENT AND DEATH BENEFITS, EFFECTIVE AS OF JULY 1, 2012. THE ANNUAL ALLOCATION AMOUNT IS CONDITIONED ON MR. FRY'S CONTINUED EMPLOYMENT THROUGH THE END OF THE IMMEDIATELY PRECEDING FISCAL YEAR (OR UPON THE DATE OF DEATH, TOTAL DISABILITY, OR INVOLUNTARY TERMINATION, IF EARLIER). THIS ANNUAL ALLOCATION AMOUNT IS EQUAL TO 11% OF THE PREVIOUS FISCAL YEAR TOTAL BASE AND BONUS COMPENSATION PAID TO MR. FRY THAT EXCEEDS THE COMPENSATION LIMIT UNDER INTERNAL REVENUE CODE SECTION 401(A)(17). PART II: THE UNIVERSITY PROVIDES JOHN FRY, HELEN BOWMAN, RANDY DEIKE, DAVID UNRUH AND BRIAN BLAKE WITH DEFERRED COMPENSATION ARRANGEMENTS. THE UNIVERSITY WILL CREDIT MR. FRY WITH $300,000 ON JUNE 30, 2019, AND ON EACH FOLLOWING JUNE 30 THROUGH 2023 WHILE HE REMAINS EMPLOYED BY THE UNIVERSITY AS PRESIDENT AND CHIEF EXECUTIVE OFFICER. THE AMOUNT CREDITED ON JUNE 30, 2023 WILL ALSO INCLUDE INVESTMENT EARNINGS, GAINS, AND LOSSES, PROVIDED MR. FRY IS EMPLOYED BY THE UNIVERSITY ON THAT DATE. IN THE EVENT MR. FRY VOLUNTARILY TERMINATES HIS EMPLOYMENT WITHOUT GOOD REASON WITH THE UNIVERSITY PRIOR TO JUNE 30, 2023, OR THE UNIVERSITY TERMINATES MR. FRY'S EMPLOYMENT FOR CAUSE, THE DEFERRED COMPENSATION SHALL BE FORFEITED. THE UNIVERSITY PAID JOHN FRY DEFERRED COMPENSATION OF $619,824.91 ON JUNE 30, 2018, PER A DEFERRED COMPENSATION AGREEMENT THAT BEGAN ON JULY 1, 2015. MR. FRY HAD BEEN CREDITED $200,000 ON JUNE 30, 2016, AND ON EACH FOLLOWING JUNE 30 THROUGH 2018. IN ADDITION, THE DEFERRED COMPENSATION WAS CREDITED WITH EARNINGS BASED ON INVESTMENT OPTIONS SELECTED BY MR. FRY. MR. FRY BECAME FULLY VESTED IN THE DEFERRED COMPENSATION ON JUNE 30, 2018, WHEN THE JULY 1, 2015 AGREEMENT WAS REPLACED WITH A SUBSEQUENT AGREEMENT. THE UNIVERSITY WILL CREDIT MS. BOWMAN WITH $50,000 ON EACH SEPTEMBER 1, BEGINNING WITH SEPTEMBER 1, 2016 AND ENDING SEPTEMBER 1, 2020. INTEREST ACCRUED WILL ALSO BE PAID IF SHE REMAINS EMPLOYED WITH THE UNIVERSITY. MS. BOWMAN WILL BECOME FULLY VESTED IN THE BALANCE OF HER ACCOUNT UPON THE EARLIEST OF THE FOLLOWING: (I) SEPTEMBER 1, 2020, (II) HER INVOLUNTARY TERMINATION BY THE UNIVERSITY FOR ANY REASON OTHER THAN CAUSE, (III) DEATH, OR (IV) TERMINATION DUE TO TOTAL AND PERMANENT DISABILITY. IF MS. BOWMAN RESIGNS OR IS TERMINATED BY THE UNIVERSITY FOR CAUSE BEFORE THE ACCOUNT IS VESTED, THE ENTIRE ACCOUNT WILL BE FORFEITED. THE UNIVERSITY WILL CREDIT DR. DEIKE WITH $50,000 ON EACH SEPTEMBER 1, BEGINNING WITH SEPTEMBER 1, 2015 AND ENDING SEPTEMBER 1, 2019. INTEREST ACCRUED WILL ALSO BE PAID IF HE REMAINS EMPLOYED WITH THE UNIVERSITY. DR. DEIKE WILL BECOME FULLY VESTED IN THE BALANCE OF HIS ACCOUNT UPON THE EARLIEST OF THE FOLLOWING: (I) SEPTEMBER 1, 2019, (II) HIS INVOLUNTARY TERMINATION BY THE UNIVERSITY FOR ANY REASON OTHER THAN CAUSE, (III) DEATH, OR (IV) TERMINATION DUE TO TOTAL AND PERMANENT DISABILITY. IF DR. DEIKE RESIGNS OR IS TERMINATED BY THE UNIVERISTY FOR CAUSE BEFORE THE ACCOUNT IS VESTED, THE ENTIRE ACCOUNT WILL BE FORFEITED. THE UNIVERSITY WILL CREDIT MR. UNRUH WITH $40,000 ON EACH JULY 1, BEGINNING WITH JULY 1, 2015 AND ENDING JULY 1, 2019. INTEREST ACCRUED WILL ALSO BE PAID IF HE REMAINS EMPLOYED WITH THE UNIVERSITY. MR. UNRUH WILL BECOME FULLY VESTED IN THE BALANCE OF HIS ACCOUNT UPON THE EARLIEST OF THE FOLLOWING: (I) JULY 1, 2019, (II) HIS INVOLUNTARY TERMINATION BY THE UNIVERSITY FOR ANY REASON OTHER THAN CAUSE, (III) DEATH, OR (IV) TERMINATION DUE TO TOTAL AND PERMANENT DISABILITY. IF MR. UNRUH RESIGNS OR IS TERMINATED BY THE UNIVERSITY FOR CAUSE BEFORE THE ACCOUNT IS VESTED, THE ENTIRE ACCOUNT WILL BE FORFEITED. THE UNIVERSITY WILL CREDIT DR. BLAKE WITH $50,000 ON EACH SEPTEMBER 1, BEGINNING WITH SEPTEMBER 1, 2017 AND ENDING SEPTEMBER 1, 2022. INTEREST ACCRUED WILL ALSO BE PAID IF HE REMAINS EMPLOYED WITH THE UNIVERSITY. DR. BLAKE WILL BECOME FULLY VESTED IN THE BALANCE OF HIS ACCOUNT UPON THE EARLIEST OF THE FOLLOWING: (I) SEPTEMBER 1, 2022, (II) HIS INVOLUNTARY TERMINATION BY THE UNIVERSITY FOR ANY REASON OTHER THAN CAUSE, (III) DEATH, OR (IV) TERMINATION DUE TO TOTAL AND PERMANENT DISABILITY. IF DR. BLAKE RESIGNS OR IS TERMINATED BY THE UNIVERSITY FOR CAUSE BEFORE THE ACCOUNT IS VESTED, THE ENTIRE ACCOUNT WILL BE FORFEITED. A PENNSYLVANIA HIGHER EDUCATIONAL FACILITIES AUTHORITY 2012 232243852 70917SCB7 2012-11-01 33242964 REFUNDING OF 2002 SERIES A AND SERIES 2003 0 0 0 B PENNSYLVANIA HIGHER EDUCATIONAL FACILITIES AUTHORITY 2011A 232243852 70917RX75 2011-05-16 160304025 NEW CONSTR/BLDG RENOV/REFUNDING OF 1997, 1998, 1998-2, 2003B 1 0 0 C PENNSYLVANIA HIGHER EDUCATIONAL FACILITIES AUTHORITY 2007B 232243852 70917RNP6 2007-10-04 30000000 SCIENCE BLDG/DORMITORY/WELLNESS CENTER 0 0 0 D PENNSYLVANIA HIGHER EDUCATIONAL FACILITIES AUTHORITY 2005A&B 232243852 70917N3B8 2005-02-16 61312145 CAPITAL IMPROVEMENT/EQUIPMENT/ADV REFUNDING OF 1997/1999 BONDS 1 0 0 A 18155000 33242964 415332 32827632 2012 1 0 1 1 B 20905000 128425000 161954495 1386270 101472529 59095696 2014 1 0 1 1 C 6705000 30572813 2700000 285425 11508 27575880 2012 0 0 1 1 D 7640000 24490000 63310555 833218 879260 31998378 29599699 2012 0 1 1 1 A 0 1 1 1 0 0.00280 0.00000 0.00280 0 0 1 B 0 1 1 1 0 0.00030 0.00020 0.00050 0 0 1 C 0 1 1 1 1 0 0.00000 0.00000 0.00000 0 0 1 D 0 1 1 1 1 0 0.00180 0.00810 0.00990 0 0 1 A 0 0 1 1 0 0 0 0 1 B 0 0 0 1 0 0 0 0 1 C 0 0 0 1 1 0 0 0 1 D 1 1 1 WELLS FARGO BANK 19.800000000000 0 0 1 ROYAL BANK OF CANADA 2.500000000000 1 1 1 A 1 B 1 C 1 D 1 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: PENNSYLVANIA HIGHER EDUCATIONAL FACILITIES AUTHORITY 2012 DATE THE REBATE COMPUTATION WAS PERFORMED: 06/05/2013 ISSUER NAME: PENNSYLVANIA HIGHER EDUCATIONAL FACILITIES AUTHORITY 2011A DATE THE REBATE COMPUTATION WAS PERFORMED: 06/02/2014 ISSUER NAME: PENNSYLVANIA HIGHER EDUCATIONAL FACILITIES AUTHORITY 2007B DATE THE REBATE COMPUTATION WAS PERFORMED: 08/16/2012 ISSUER NAME: PENNSYLVANIA HIGHER EDUCATIONAL FACILITIES AUTHORITY 2016 DATE THE REBATE COMPUTATION WAS PERFORMED: 12/04/2017 SCHEDULE K SUPPLENTAL INFORMATION PART II, LINE 3, COLUMN A: THE TOTAL PROCEEDS EXCEED THE ISSUE PRICE BY THE INVESTMENT EARNINGS ON THE PROJECT FUND PART II, LINE 11, COLUMNS A & B: THE OTHER SPENT PROCEEDS ARE THE REFUNDING PROCEEDS OF THE ISSUE PART IV, LINE 2C, COLUMN A: THE FINAL REBATE REPORT WAS COMPLETED ON 6/7/2013 PART IV, LINE 2C, COLUMN B: THE FINAL REBATE REPORT WAS COMPLETED ON 6/5/2013, WHICH WAS DETERMINED THE ISSUE MET THE 6 MONTH SPENDING EXCEPTION PART IV, LINE 2C, COLUMN C: THE FINAL REBATE REPORT WAS COMPLETED ON 8/16/2012 PART IV, LINE 2C, COLUMN D: THE FINAL REBATE REPORT WAS COMPLETED ON 09/20/2010 PART II, LINE 3: THE TOTAL PROCEEDS EXCEED THE ISSUE PRICE BY THE INVESTMENT EARNINGS ON THE PROJECT FUND PART II, LINE 11, COLUMNS A & B: THE OTHER SPENT PROCEEDS ARE THE REFUNDING PROCEEDS OF THE ISSUE PART IV, LINE 2C, COLUMN A: A REBATE CALCULATION WAS PERFORMED AS OF 10/01/2015 PART IV, LINE 2C, COLUMN B: THE FINAL REBATE REPORT WAS PERFORMED AS OF 08/16/2012 A PENNSYLVANIA HIGHER EDUCATIONAL FACILITIES AUTHORITY 2016 232243852 70917SXU2 2016-08-02 136019435 REFUNDING OF 2005A SERIES A AND SERIES 2003 0 0 0 B PENNSYLVANIA HIGHER EDUCATIONAL FACILITIES AUTHORITY 2017 232243852 70917SV67 2017-12-26 141570375 ADVANCE REFUNDING PORTION OF SERIES 2011A 0 0 0 A 136019435 692483 135326952 2016 1 1 1 1 B 7870000 141750375 141053099 697276 2017 0 1 1 1 A 0 1 1 1 0 0.00180 0.00290 0.00470 0 0 1 B 0 1 1 1 1 0 0.00870 0.00000 0.00870 0 0 1 A 0 0 0 1 0 0 0 0 1 B 0 0 1 0 0 0 0 0 1 A 1 B 1 13910 MERIT SCHOLARSHIP EDUCATIONAL 95086 TUITION REMISSION EDUCATIONAL NEWPORT CAPITAL GROUP LLC >35% TRUSTEE OWNED 154129 CONSULTING FEE 0 KIERA MURASKO-BLANK FAMILY OF FORMER KEY EMP 81940 EMPLOYMENT 0 X 13 72300 FAIR MARKET VALUE X 1 8995 FAIR MARKET VALUE X 48 1187581 FAIR MARKET VALUE 6 0 1 0 PART I, COLUMN (B): THE ORGANIZATION IS REPORTING THE NUMBER OF ITEMS IN COLUMN (B), NOT THE NUMBER OF CONTRIBUTIONS. FORM 990, PART V, LINES 7G & 7H: NOT APPLICABLE FORM 990, PART VI, SECTION A, LINE 2 MICHAEL C. FORMAN AND JOHN A. FRY - BUSINESS RELATIONSHIP MICHAEL C. FORMAN AND BRIAN R. FORD - BUSINESS RELATIONSHIP MICHAEL C. FORMAN AND CHARLES P. PIZZI - BUSINESS RELATIONSHIP MICHAEL C. FORMAN AND JOSEPH P. UJOBAI - BUSINESS RELATIONSHIP DENIS P. O'BRIEN, NICHOLAS DEBENEDICTIS AND CHARLES P. PIZZI - BUSINESS RELATIONSHIP FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS PREPARED BY THE TAX OFFICE AND SUBMITTED TO THE EXECUTIVE VICE PRESIDENT, TREASURER AND CHIEF OPERATING OFFICER FOR REVIEW AND SIGNING. PRIOR TO FILING, FORM 990 AND ALL REQUIRED SCHEDULES ULTIMATELY FILED WITH THE INTERNAL REVENUE SERVICE WERE AVAILABLE TO EACH MEMBER OF THE BOARD OF TRUSTEES FOR THEIR REVIEW AND COMMENT. FORM 990, PART VI, SECTION B, LINE 12C DREXEL UNIVERSITY'S CONFLICT OF INTEREST POLICY APPLIES TO ALL EMPLOYEES (WHETHER A KEY EMPLOYEE OR NOT), OFFICERS, AND TRUSTEES OF THE UNIVERSITY. THE CONFLICT OF INTEREST POLICY IS INTENDED TO SATISFY COMPLIANCE REQUIREMENTS AND GUIDE UNIVERSITY PERSONNEL IN AVOIDING THOSE SITUATIONS THAT CAN RESULT IN A CONFLICT OF INTEREST OR COMMITMENT. THE KEY TO AVOIDING THOSE SITUATIONS THAT CAN RESULT IN A CONFLICT OF INTEREST OR COMMITMENT IS TO MAKE CONSTITUENTS AWARE OF WHAT CONSTITUTES A CONFLICT OF INTEREST AND FOR THEM TO DISCLOSE POTENTIAL SITUATIONS BEFORE THE ACTIVITY IS UNDERTAKEN. THE FORMAT FOR THE DISCLOSURE IS FOR EACH EMPLOYEE, OFFICER OR TRUSTEE TO COMPLETE A QUESTIONNAIRE ANNUALLY. THE COMPLETED QUESTIONNAIRE IS SUBMITTED TO THE HUMAN RESOURCES DEPARTMENT IN THE CASE OF EMPLOYEES REVIEWED AS REQUIRED BY THE COMPLIANCE, PRIVACY AND INTERNAL AUDIT OFFICER. COMPLETED QUESTIONNAIRES FOR OFFICERS AND TRUSTEES ARE SUBMITTED DIRECTLY TO THE OFFICE OF THE GENERAL COUNSEL FOR REVIEW. AFTER REVIEW A DETERMINATION IS MADE AS TO WHETHER A CONFLICT OF INTEREST EXISTS AND AT WHAT LEVEL. THOSE EMPLOYEE CONFLICTS THAT ARE DETERMINED TO BE DETRIMENTAL TO THE UNIVERSITY ARE DISCUSSED WITH THE EMPLOYEE AND THE EMPLOYEE IS ENCOURAGED TO TERMINATE THE ACTIVITY. EMPLOYEES WHO WILLINGLY OR OTHERWISE CONTINUE TO VIOLATE THE CONFLICT OF INTEREST POLICY ARE SUBJECT TO DISCIPLINARY ACTION UP TO AND INCLUDING SUSPENSION WITHOUT PAY, DEMOTION OR TERMINATION OF EMPLOYMENT. IN THE CASE OF TRUSTEES, A CONFLICT OF INTEREST QUESTIONNAIRE IS MAILED ANNUALLY. TRUSTEES ARE REQUIRED TO COMPLETE THE QUESTIONNAIRE AND DISCLOSE ANY INTERESTS IN ANY CORPORATION, PARTNERSHIP OR OTHER ORGANIZATION IN WHICH THEY OWN OR CONTROL 5% OR MORE OF THE ENTITY. FORM 990, PART VI, SECTION B, LINE 15 DREXEL IS COMMITTED TO COMPENSATING ITS EXECUTIVE TEAM AT A FAIR AND COMPETITIVE LEVEL. TO MEET THIS GOAL, DREXEL UNIVERSITY'S HUMAN RESOURCES DEPARTMENT PREPARES AN EXECUTIVE COMPENSATION ANALYSIS ANNUALLY USING THE COLLEGE AND UNIVERSITY PROFESSIONAL ASSOCIATION OF HUMAN RESOURCES (CUPA) SURVEY AND IRS FORM 990 INFORMATION AS THEY RELATE TO THE UNIVERSITY'S PEER GROUPS. POSITIONS INCLUDED IN THE ANALYSIS WERE THE PRESIDENT, EXECUTIVE VICE PRESIDENTS, SENIOR VICE PRESIDENTS, AND HIGHLY-COMPENSATED DEANS. USING THE EXECUTIVE COMPENSATION ANALYSIS, A THIRD-PARTY ADVISOR PREPARED A REPORT AND SUBMITTED THE REPORT TO THE EXECUTIVE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES (THE "COMMITTEE") ALONG WITH CERTAIN PERFORMANCE CRITERIA. THE COMPENSATION ANALYSIS SERVED AS THE BASIS FOR THE PRESIDENT'S RECOMMENDATIONS FOR UNIVERSITY EXECUTIVES. THE THIRD-PARTY ADVISOR PROVIDED THE COMMITTEE WITH A LETTER ON THE APPROPRIATENESS OF THE DECISION-MAKING PROCESS AND REASONABLENESS OF THE PROPOSED COMPENSATION. ALL COMPENSATION WAS APPROVED BY THE EXECUTIVE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES PRIOR TO BECOMING EFFECTIVE ON JULY 1, 2019. FORM 990, PART VI, SECTION C, LINE 19 DREXEL UNIVERSITY MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC IN A VARIETY OF WAYS. THE CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE ON ITS WEBSITE, AND ITS GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XII, LINE 2C: THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES HAS RESPONSIBILITY FOR SELECTING THE INDEPENDENT ACCOUNTANT AND OVERSEEING THE AUDIT. THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. PART VI, SECTION B, LINE 16B: THE UNIVERSITY IMPLEMENTED A WRITTEN PROCEDURE, WHICH WAS APPROVED BY THE PRESIDENT'S CABINET, FOR EVALUATION OF JOINT VENTURE ARRANGEMENTS TO ENSURE THAT SUCH ARRANGEMENTS ARE CONSISTENT WITH THE UNIVERSITY'S TAX-EXEMPT PURPOSE. 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