2018-05-14T10:40:18-05:00 2017-06-30 390859910 Baker Tilly Virchow Krause LLP 1650 Market Street Suite 4500 Philadelphia PA 191037341 990 2016-07-01 231639911 The University of the Arts UNIV 2157176000 320 South Broad Street Philadelphia PA 19102 STEPHEN J LIGHTCAP EDD VP of Finance & Administration 2157176000 2018-05-11 1 Julius C Green CPA P00350393 2159720701 X 2016 2022-09-23 18:48:47Z David Yager 320 South Broad Street Philadelphia PA 19102 142043143 0 X www.uarts.edu X 1876 PA INSPIRING, EDUCATING & PREPARING INNOVATIVE ARTISTS AND CREATIVE LEADERS FOR THE 21ST CENTURY ARTS. 28 27 1669 150 182977 98573 16506521 34605660 81034570 84687201 2627650 11956587 1750086 1646062 101918827 132895510 40762466 40112868 0 0 34775484 35332492 0 0 1144894 27637703 29969541 103175653 105414901 -1256826 27480609 136629969 168526199 60156353 61964134 76473616 106562065 The Arts have the power to transform society. They play an essential role in ensuring and enhancing the quality of life. The University of the Arts is committed to inspiring, educating and preparing innovative artists and creative leaders for the arts of the 21st century. 0 0 54660120 32544519 75433201 Instruction - Expenses incurred in providing academic instruction through our innovative curricula to our 1,700 students, who are enrolled in 41 undergraduate and graduate programs through our School of Art, School of Design and School of Film in the College of Art, Media & Design; the School of Dance, the Ira Brind School of Theater Arts and the School of Music in the College of Performing Arts; and the Division of Liberal Arts; and 2,270 students served annually by our Division of Continuing Studies. 14650231 7568349 0 Academic Support - Costs incurred with the maintenance of programs and activities for faculty and students, including academic advising, our seven professional performance venues, 12 art galleries, University Libraries system, a wide range of art- and craft-related studios and workshops, and technological resources and support. 6326257 0 9336115 Student Services - Costs incurred with the maintenance of programs that support our student body, including dining services, residential facilities, medical services, mental health counseling, student clubs and organizations, sports and recreation, leadership training, career counseling, and accessibility services for students with disabilities. 75636608 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 1 1 0 1 0 1 0 1 0 1 0 0 1 1 1 1 0 0 0 0 0 0 1 0 0 1 1 0 0 0 0 1 0 0 0 1 504 0 1 1669 1 1 1 0 0 0 0 1 1 0 0 0 0 X 28 27 1 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 1 0 0 PA X Stephen J Lightcap EdD VP Finance & Administration 2157176180 320 South Broad Street Philadelphia PA 191024901 Jeffrey A Lutsky Chairman 1.00 X X 0 0 0 William R Gast Secretary 1.00 X X 0 0 0 Stephen Tarantal Interim Pres/ProvosT (until 1/17) 40.00 X X 127074 0 13511 Ronald J Naples Trustee 1.00 X 0 0 0 Howard Belk Trustee 1.00 X 0 0 0 Eleanor L Davis Trustee 1.00 X 0 0 0 Deanna DeCherney Trustee 1.00 X 0 0 0 Gail Kass Trustee (res. 4/17) 1.00 X 0 0 0 ALAN I RUBIN Trustee (res. 2/17) 1.00 X 0 0 0 Elaine C Levitt Trustee 1.00 X 0 0 0 Karen Lotman Trustee 1.00 X 0 0 0 Seymour G Mandell Trustee 1.00 X 0 0 0 Dr Noel Mayo Trustee 1.00 X 0 0 0 Thomas M Miles Trustee 1.00 X 0 0 0 Adolf A Paier Trustee 1.00 X 0 0 0 Lawrence S Reichlin Trustee 1.00 X 0 0 0 James P Vesey Trustee 1.00 X 0 0 0 Harriet G Weiss Trustee 1.00 X 0 0 0 Laurie Wagman Trustee 1.00 X 0 0 0 Brian Effron Vice Chairman 1.00 X X 0 0 0 Stephen S Sypherd Trustee 1.00 X 0 0 0 Amy HOpe Goldman Trustee 1.00 X 0 0 0 Nathaniel Hamilton Jr Trustee 1.00 X 0 0 0 Bruce Kardon Treasurer 1.00 X X 0 0 0 DAVID YAGER PRESIDENT & CEO 40.00 X X 456701 0 29402 Judson A Aaron Trustee 1.00 X 0 0 0 Karin Copeland Trustee 1.00 X 0 0 0 Patricia Fowler Trustee 1.00 X 0 0 0 Anthony G Kyriakakis Trustee 1.00 X 0 0 0 Ira Brind Life Trustee 1.00 X 0 0 0 DORRANCE HAMILTON life Trustee (dec. 4/17) 1.00 X 0 0 0 SCOTT MCKEEL LIfe Trustee 1.00 X 0 0 0 Stephen Lightcap EdD VP of Finance & Administration 40.00 X 216551 0 51165 Patricia Kucker Provost 40.00 X 64947 0 2667 Paula Marincola Executive Director 40.00 X 228988 0 27599 Thomas Carnwath VP of Technology & Info Svc 40.00 X 154472 0 24227 Marc Dicciani College of Performing Arts 40.00 X 150156 0 51501 Richard Longo Vp of Enrollment 40.00 X 159102 0 28880 Mark Campbell Coll. Art, Media & Design 40.00 X 145046 0 16717 Melissa Franklin Director 40.00 X 144759 0 24390 William Adair Director 40.00 X 143937 0 19503 Josephine Burri VP for Advancement 40.00 X 141004 0 25559 James Savoie Dean of GradUATE Studies 40.00 X 135883 0 50215 2268620 0 365336 27 0 1 0 parkhurst dining services PO Box 644091 pittsburgh PA 152644091 food services 3254285 Aramark Services Inc Aramark Chicago Lockbox Chicago IL 606731273 Maintenance 3079141 Allied universal Security Services PO Box 828854 PHILADELPHIA PA 191828854 security services 1800388 C Erickson and Sons Inc 2200 Arch Street PhILADELPHIA PA 19103 General Contractor 373012 CRW Graphics 9100 Pennsauken Hwy Pennsauken NJ 08110 Printing Services 337837 15 602222 612026 33391412 172171 34605660 Student Tuition & Fees 611310 75433201 75433201 Residence Halls 611310 5840795 5840795 dining services 900099 3156495 3156495 study abroad 900099 256710 256710 84687201 1351426 182977 1168449 1087356 219685 867671 867671 867671 8716163 10419938 7353545 1177395 1362618 9242543 10605161 10605161 113252 602222 271007 -157755 -157755 208116 126001 82115 82115 PEW/PEI Overhead 900099 185700 185700 Late Payment Fees 900099 117581 117581 ADMISSIONS APPLICATION FEES 900099 88620 88620 462130 462130 854031 132895510 84687201 182977 13419672 X 6005204 6005204 33971920 33971920 135744 135744 1934094 278412 1366018 289664 26510618 22154023 3943068 413527 1194439 900680 258619 35140 3718858 2956174 679000 83684 1974483 1488881 427513 58089 304614 304614 118201 22954 95247 11222343 1180626 9949130 92587 258776 208925 49811 40 2351746 1827280 445030 79436 1318567 267263 1051294 10 2458909 442585 2016324 1421611 1242389 166148 13074 161241 125399 32861 2981 2108120 2108120 4487068 4487068 507725 6072 501653 repairs and maintenance 913579 95725 817854 Special Events 592591 421103 118825 52663 Honoraria 571085 517500 52585 1000 R.A. HOUSING 419120 419120 754245 968629 -237383 22999 105414901 75636608 28633399 1144894 688536 1176551 9583547 22039116 294777 19508109 634824 710748 1926577 2025769 165307334 96930961 71195550 68376373 35416671 47707898 13810443 5583042 1990307 1398593 1088737 0 136629969 168526199 4499818 5962192 7902881 11743380 36255000 33932976 8536199 7799358 2962455 2526228 60156353 61964134 X 23966491 29985853 12678878 16041255 39828247 60534957 76473616 106562065 136629969 168526199 27480609 2607840 0 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X 0 49275769 20598065 5015698 2512357 72377175 53149721 307861 -1744156 2437657 49275769 54060441 375877 1305262 2591859 53149721 48309646 212619 7687373 2149197 54060441 44638355 154902 6204816 2688427 48309646 0.01600 0.83700 0.14700 0 0 4994430 4994430 119811700 61680154 58131546 39894467 35250807 4643660 606737 606737 68376373 Government Advances 1450960 Conditional Asset Retirement Obligations 1075268 2526228 X 103575524 2607840 -32544519 -29936679 133512203 -616693 -616693 132895510 73487075 616693 616693 72870382 32544519 32544519 105414901 Part III, Line 4: The University does not record its collection in the financial statements. The University owns numerous pieces of fine art, mainly from prominent alumnae and faculty. The University has made a commitment to preserve the archives and uses them as a resource for students at the College. Part V, Line 4: The intended uses of the organization's endowment funds are for University students' awards and scholarships to help offset the cost of tuition. Part X, Line 2: The University follows the Financial Accounting Standards Board ("FASB") guidance, as it relates to uncertain tax positions. Management has reviewed its current and past federal and state income tax positions and has determined, based on clear and unambiguous tax law and regulations, that the tax positions taken are certain and that there is no likelihood that a material tax assessment would be made if a respective government agency examined tax returns subject to audit. Accordingly, no provision for the effects of uncertain tax positions has been recorded. The University's federal Return of Organization Exempt from Income Tax (Form 990) for the years ended June 30, 2016, 2015, and 2014 are subject to examination by the Internal Revenue Service, generally for three years after the date the return was filed. Part XI, Line 2d - Other Adjustments: STUDENT SCHOLARSHIPS -32,544,519. Part XI, Line 4b - Other Adjustments: COST OF GOODS SOLD -126,001. Rental Expenses -219,685. fundraising expenses -271,007. Part XII, Line 2d - Other Adjustments: cost of goods sold 126,001. Rental Expenses 219,685. fundraising expenses 271,007. Part XII, Line 4b - Other Adjustments: student scholarships 32,544,519. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 The University's racial nondiscrimination policy is included on the application for admission, and in other important official university publications, most importantly the university course catalog. Schedule E, Part I, Line 6 The University receives federal and state funding, including, but not limited to, Pell grants, SEOG grants, Family Education Loans, and Work-Study Program. 0 Central America and the Caribbean - Antigua & Barbuda, Aruba, Bahamas, 0 0 INVESTMENTS 3076898 Europe (Including Iceland & Greenland) - Albania, Andorra, Austria, Belgium 0 0 PROGRAM SERVICES EDUCATIONAL-STUDY ABROAD 115155 Russia and Neighboring States - Armenia, Azerbijan, Belarus, 0 0 PROGRAM SERVICES EDUCATIONAL-STUDY ABROAD 23900 Middle East and North Africa - Algeria, Bahrain, Djibouti, Egypt, 0 0 PROGRAM SERVICES EDUCATIONA-STUDY ABROAD 92489 0 0 0 0 0 0 3308442 0 3308442 FINANCIAL AID Europe (Including Iceland & Greenland) - Albania, Andorra, Austria, Belgiu 6 67380 REDUCTION OF TUITION FINANCIAL AID Middle East and North Africa - Algeria, Bahrain, Djibouti, Egypt, 5 52064 REDUCTION OF TUITION FINANCIAL AID Russia and Neighboring States - Armenia, Azerbijan, Belarus, 1 16300 REDUCTION OF TUITION 0 0 1 0 1 0 SCHEDULE F, PART IV, LINES 3 AND 5: THE ORGANIZATION HAS OWNERSHIP INTERESTS IN CERTAIN FOREIGN CORPORATIONS AND PARTNERSHIPS, HOWEVER, NO OWNERSHIP INTERESTS EXCEEDED THE THRESHOLD FOR REQUIRING THE FILING OF FORMS 5471 OR 8865. Art Unleashed 331039 258822 72217 40992 755 10334 140 Gala 384435 343400 41035 82581 56114 80231 715474 602222 113252 123573 56869 90565 271007 -157755 1 Al-Bustan Seeds of Culture 526 South 46th Street Philadelphia PA 19143 030502955 501(3) 98064 ARTS AND CULTURAL PROJECTS Arcadia University Art Gallery 450 S Easton Road Glenside PA 19038 231352620 501(3) 28783 ARTS AND CULTURAL PROJECTS Association for Public Art 450 S Easton Road Glenside PA 19038 231367631 501(3) 162000 ARTS AND CULTURAL PROJECTS Bowerbird 252 S Saint Bernard Street Philadelphia PA 19139 562629725 501(3) 76680 ARTS AND CULTURAL PROJECTS Bryn Mawr College Performing Arts Series 101 N Merion Ave Bryn Mawr PA 19010 231352621 501(3) 24000 ARTS AND CULTURAL PROJECTS Choral Arts Philadelphia Choral Arts Philadelphia PO Box 224450 Philadelphia PA 19110 232213350 501(3) 72000 ARTS AND CULTURAL PROJECTS Christ Church Preservation Trust 20 North American Street Philadelphia PA 19106 231365220 501(3) 590 ARTS AND CULTURAL PROJECTS College of Physicians 19 S 22nd Street Philadelphia PA 19103 231352670 501(3) 64800 ARTS AND CULTURAL PROJECTS Creative Capacity LLC 19 Hattaras Court Bordentown NJ 08505 271549454 501(3) 2500 ARTS AND CULTURAL PROJECTS Drexel University 3201 Arch Street Suite 420 Philadelphia PA 19104 231352630 501(3) 154836 ARTS AND CULTURAL PROJECTS Eastern State Penitentiary 2027 Fairmount Avenue Philadelphia PA 19130 311627155 501(3) 30000 ARTS AND CULTURAL PROJECTS Ego Po Inc 1219 Vine Street Studio E Philadelphia PA 19107 943175464 501(3) 49140 ARTS AND CULTURAL PROJECTS Fabric Workshop and Museum 1214 Arch Street Philadelphia PA 19107 232018929 501(3) 20000 ARTS AND CULTURAL PROJECTS Fleisher Art Memorial 719 Catherine Street Philadelphia PA 19147 232249360 501(3) 162000 ARTS AND CULTURAL PROJECTS Fund for Philadelphia Inc Room 708 City Hall Philadelphia PA 19107 232174863 501(3) 32400 ARTS AND CULTURAL PROJECTS Headlong Dance Theater 1170 South Broad St Philadelphia PA 19146 232803557 501(3) 158760 ARTS AND CULTURAL PROJECTS Historic Germantown Preserved 5501 Germantown Avenue Philadelphia PA 19144 232459676 501(3) 70740 ARTS AND CULTURAL PROJECTS Historical Society of Pennsylvania 1300 Locust Street Philadelphia PA 19107 231352322 501(3) 22960 ARTS AND CULTURAL PROJECTS Independence Visitor Center One North Independence Mall West Philadelphia PA 19106 232952488 501(3) 36000 ARTS AND CULTURAL PROJECTS Institute of Contemporary Art Philly 118 S 36th Street Philadelphia PA 19104 231352685 501(3) 224316 ARTS AND CULTURAL PROJECTS International House Philadelphia 3701 Chestnut St Philadelphia PA 19104 231365364 501(3) 1765 ARTS AND CULTURAL PROJECTS James A Michener Art Museum 138 S Pine Street Doylestown PA 18901 232471583 501(3) 162000 ARTS AND CULTURAL PROJECTS Jazz Bridge Project Inc 3008 Limekiln Pike Glenside PA 19038 760820953 501(3) 64800 ARTS AND CULTURAL PROJECTS John Bartram Association 5400 Lindbergh Blvd Philadelphia PA 19143 237393771 501(3) 7500 ARTS AND CULTURAL PROJECTS Kimmel Center Inc 1500 Walnut Street 17th Floor Philadelphia PA 19102 232865855 501(3) 10955 ARTS AND CULTURAL PROJECTS Library Company of Philadelphia 1314 Locust Street Philadelphia PA 19107 231370444 501(3) 15070 ARTS AND CULTURAL PROJECTS Mann Center for the Performing Arts 123 S Broad Street Suite 815 Philadelphia PA 19109 231473884 501(3) 36000 ARTS AND CULTURAL PROJECTS New Paradise Laboratories 1325 N Randolph Street Suite B Philadelphia PA 19122 233023941 501(3) 112320 ARTS AND CULTURAL PROJECTS Opera Company of Philadelphia 1420 Locust Street Suite 210 Philadelphia PA 19102 231504706 501(3) 198000 ARTS AND CULTURAL PROJECTS Painted Bride Art Center 230 Vine Street Philadelphia PA 19106 231946391 501(3) 47890 ARTS AND CULTURAL PROJECTS Penn Horticultural Society 100 N 20th Street 5th Floor 3 Philadelphia PA 19103 231352265 501(3) 35592 ARTS AND CULTURAL PROJECTS Pennsylvania Humanities Council 325 Chestnut Street Suite 715 Philadelphia PA 19106 232007911 501(3) 155250 ARTS AND CULTURAL PROJECTS Philadelphia Chamber Music Society 1528 Walnut Street Suite 301 Philadelphia PA 19102 223059283 501(3) 238238 ARTS AND CULTURAL PROJECTS Philadelphia Folklore Project 735 S 50th Street Philadelphia PA 19143 232568080 501(3) 20000 ARTS AND CULTURAL PROJECTS Philadelphia FringeArts (Grantee) 140 N Columbus Blvd Philadelphia PA 19106 232936188 501(3) 240000 ARTS AND CULTURAL PROJECTS Philadelphia Mural Arts Advocates 1729 Mt Vernon Street Philadelphia PA 19130 232876470 501(3) 324000 ARTS AND CULTURAL PROJECTS Philadelphia Museum of Art PO Box 7646 Philadelphia PA 19101 231365388 501(3) 572000 ARTS AND CULTURAL PROJECTS Philadelphia Photo Arts Center 1400 N American Street 103 Philadelphia PA 19122 263413554 501(3) 34200 ARTS AND CULTURAL PROJECTS Philadelphia Yearly Meeting 1515 Cherry Street Philadelphia PA 19102 731646786 501(3) 7200 ARTS AND CULTURAL PROJECTS Piffaro the Renaissance Band 2238 Fairmount Avenue Philadelphia PA 19130 222646180 501(3) 99000 ARTS AND CULTURAL PROJECTS Pig Iron Theatre Company 1417 N 2nd Street Philadelphia PA 19122 133874192 501(3) 242000 ARTS AND CULTURAL PROJECTS Preservation Alliance for Greater Philadelphia 1608 Walnut Street Suite 804 Philadelphia PA 19103 232106589 501(3) 32400 ARTS AND CULTURAL PROJECTS Prism Quartet Inc 257 W Harvey Street Philadelphia PA 19144 264210673 501(3) 56400 ARTS AND CULTURAL PROJECTS RAIR Inc 7333 Milnor Street Philadelphia PA 19136 272857282 501(3) 7200 ARTS AND CULTURAL PROJECTS Rosenbach Museum and Library 2008-2010 Delancey Place Philadelphia PA 19103 231425055 501(3) 162000 ARTS AND CULTURAL PROJECTS Scribe Video Center Inc 4212 Chestnut Street 3rd Floor Philadelphia PA 19104 232358942 501(3) 20000 ARTS AND CULTURAL PROJECTS South Asian American Digital Archive 1315 Walnut Street Suite 320 Philadelphia PA 19107 263001212 501(3) 64800 ARTS AND CULTURAL PROJECTS SRUTI 1783 Talbot Rd Blue Bell PA 19422 232454367 501(3) 7200 ARTS AND CULTURAL PROJECTS Tempesta di Mare 1034 Carpenter Street Philadelphia PA 19147 233013869 501(3) 210600 ARTS AND CULTURAL PROJECTS Temple University 1515 Market Street Philadelphia PA 19102 231365971 501(3) 222000 ARTS AND CULTURAL PROJECTS The Academy of Vocal Arts 1920 Spruce Street Philadelphia PA 19103 231352001 501(3) 630 ARTS AND CULTURAL PROJECTS The Barnes Foundation 2025 Benjamin Franklin Parkway Philadelphia PA 19130 236000149 501(3) 324000 ARTS AND CULTURAL PROJECTS The Bearded Ladies Cabaret St Marys Church 3916 Locust Walk Philadelphia PA 19104 471765595 501(3) 4000 ARTS AND CULTURAL PROJECTS The Crossing 8855 Germantown Ave Philadelphia PA 19118 205646257 501(3) 24000 ARTS AND CULTURAL PROJECTS The Wilma Theater 265 S Broad Street Philadelphia PA 19107 237425668 501(3) 324000 ARTS AND CULTURAL PROJECTS The Woodlands 4000 Woodland Ave Philadelphia PA 19104 311609803 501(3) 7200 ARTS AND CULTURAL PROJECTS Tiny Dynamite 7060 Greenhill Road Philadelphia PA 19151 454035025 501(3) 64800 ARTS AND CULTURAL PROJECTS Trustees of the University of Pennsylvania 3420 Walnut Street Philadelphia PA 19104 231352685 501(3) 44625 ARTS AND CULTURAL PROJECTS Village of Arts & Humanities 2544 Germantown Avenue Philadelphia PA 19113 223045318 501(3) 99000 ARTS AND CULTURAL PROJECTS WHYY Inc 150 North 6th Street Philadelphia PA 19106 231438083 501(3) 180000 ARTS AND CULTURAL PROJECTS Zoological Society of Philadelphia 3400 West Girard Ave Philadelphia PA 19104 231352298 501(3) 36000 ARTS AND CULTURAL PROJECTS 61 0 Scholarship 148 787049 Financial Aid 1920 31621726 Grants to Individuals 49 1563145 Part I, Line 2: DISBURSEMENTS TO STUDENTS RECEIVING SCHOLARSHIPS & FINANCIAL AID ARE MADE IN ACCORDANCE WITH INSTITUTIONAL PROCEDURES TO ENSURE THAT THOSE RECEIVING AID ARE QUALIFYING RECIPIENTS. FEDERAL FINANCIAL AID AND/OR ASSISTANCE FROM GOVERNMENTAL AGENCIES IS DISTRIBUTED & MONITORED IN ACCORDANCE WITH FEDERALLY APPROVED NEED ANALYSIS CRITERIA OR OTHER AGENCY PROVIDED CRITERIA. THE USE OF GRANT FUNDS TO INDIVIDUALS ARE MONITORED THROUGH UNIQUE GENERAL LEDGER ACCOUNTS FOR EACH GRANT. EXPENDITURES FOR EACH GRANT ARE REVIEWED AND ANALYZED USING AD-HOC REPORTS TO ENSURE COMPLIANCE. Grants TO OTHER ORGANIZATIONS are adjudicated by a panel of national experts using the following criteria to evaluate grant applications: excellence, ability to implement project, and project impact. These criteria insure that the funding aligns with the grant-making goal of supporting the Philadelphia region's most talented artists and high-performing cultural organizations. The use of grant funds to organizations are monitored through unique general ledger accounts for each grant. Expenditures for each grant account are reviewed and analyzed using ad-hoc reports to ensure compliance. X 1 1 X X X 0 0 0 0 0 0 0 0 0 DAVID YAGER PRESIDENT & CEO 406701 0 0 0 50000 0 17888 0 11514 0 486103 0 0 0 Stephen Lightcap EdD VP of Finance & Administration 216551 0 0 0 0 0 15552 0 35613 0 267716 0 0 0 Paula Marincola Executive Director 228988 0 0 0 0 0 20686 0 6913 0 256587 0 0 0 Thomas Carnwath VP of Technology & Info Svc 154472 0 0 0 0 0 10859 0 13368 0 178699 0 0 0 Marc Dicciani College of Performing Arts 150156 0 0 0 0 0 10190 0 41311 0 201657 0 0 0 Richard Longo Vp of Enrollment 159102 0 0 0 0 0 11360 0 17520 0 187982 0 0 0 Mark Campbell Coll. Art, Media & Design 145046 0 0 0 0 0 9983 0 6734 0 161763 0 0 0 Melissa Franklin Director 144759 0 0 0 0 0 13446 0 10944 0 169149 0 0 0 William Adair Director 143937 0 0 0 0 0 12817 0 6686 0 163440 0 0 0 Josephine Burri VP for Advancement 141004 0 0 0 0 0 10328 0 15231 0 166563 0 0 0 James Savoie Dean of GradUATE Studies 135883 0 0 0 0 0 8951 0 41264 0 186098 0 0 0 Part I, Line 1a As a condition of employment, the President of the University is provided a housing allowance as part of his compensation package. The allowance is included in taxable income. A pennsylvania Higher Education Facilities Authority 232243852 70917PGP9 2006-04-19 18367163 BUILDING IMPROVEMENTS, EQUIPMENT AND REFINANCING. 0 0 0 B PHILADELPHIA AUTHORITY FOR INDUSTRIAL DEVELOPMENT 300598934 2015-07-28 6570000 REFINANCING OF PRIOR BOND ISSUE 0 0 0 A 4392936 19832936 4084023 11756099 899438 5521689 2567 2009 1 0 1 1 B 668045 6570000 118700 121300 6330000 2015 1 0 1 1 A 0 1 0 0 0.00000 0.00000 0.00000 0 0 1 B 0 0 0 0 0 0 1 A 0 1 0 0 0 0 0 0 1 B 0 0 1 0 1 0 0 0 1 A 1 B 1 Schedule K Supplental Information DIFFERENCE IN ISSUE PRICE AND BOND PROCEEDS: THE AMOUNT REPORTED ON PART I, COLUMN (E) AS THE ISSUE PRICE IS $18,367,163, AND THE AMOUNT REPORTED ON PART II, LINE 3 AS THE TOTAL PROCEEDS OF THE ISSUE IS $19,832,936. THE DIFFERENCE OF $1,465,773 IS DUE TO A RELEASE FROM THE DEBT SERVICE RESERVE FUND OF PRIOR ISSUES. PER IRS INSTRUCTIONS EMPLOYEE NAME PER IRS INSTRUCTIONS, EMPLOYEE NAMES WILL NOT BE REPORTED. 104300 EMPLOYEE TUITION TUITION REMISSION BENEFIT HARRIET G WEISS trustee 337837 As a result of an ongoing competitive bidding process for individual projects, the University purchases some printing services from CRW Graphics, which is owned by this Trustee. The University maintains a conflict of interest policy and all transactions with interested persons are conducted at arm's length. 0 X 0 books/pubs not recorded X 3 172171 NYSE 0 0 1 0 Part I, Column (b): THE ORGANIZATION IS REPORTING THE NUMBER OF DONORS on line 9. Part I, Line 33: THE UNIVERSITY RECEIVED CONTRIBUTIONS OF 1,418 BOOKS AND PUBLICATIONS. THE UNIVERSITY DOES NOT RECORD THE VALUE OF SUCH CONTRIBUTIONS IN ITS ACCOUNTING RECORDS. Form 990, Part VI, Section A, line 2 THE FOLLOWING BOARD MEMBERS HAVE A BUSINESS RELATIONSHIP: GAIL KASS AND ELEANOR DAVIS Form 990, Part VI, Section A, line 8b THE ORGANIZATION RECOGNIZES THE IMPORTANCE OF DOCUMENTING ALL MEETINGS AND STRESSES THE PRACTICE WITH ALL COMMITTEE MEMBERS. WHILE MOST COMMITTEES DO DOCUMENT THEIR MEETINGS, THE PRACTICE IS NOT COMPLETELY UNANIMOUS. Form 990, Part VI, Section B, line 11b The Form 990 was prepared by an external independent tax advisor prior to submission to the Board of Trustees. The Board's Governance Committee designated that the Audit Committee review the Form 990 prior to it being shared with the Board and then filed. The Form 990 was reviewed by the Audit Committee and then shared with the Board of Trustees before being filed. Form 990, Part VI, Section B, line 12c The University annually requires officers, directors, trustees and key employees to submit conflict of interest statements. The VP for Finance and Administration is responsible for ensuring compliance with and review of annual Conflict of Interest statements. Any conflicts are reviewed and resolved by the Board's Governance Committee. These individuals are also required to report conflicts as they arise throughout the year. If an individual has a conflict of interest, he/she is required to abstain from voting on the matter. Form 990, Part VI, Section B, line 15a The Board's Executive Committee reviews and approves salaries for all officers. This Committee is comprised of independent persons. The organization uses a salary survey/study of comparable organizations to aid in determining the reasonableness of compensation. Decisions concerning compensation are documented. Form 990, Part VI, Section C, line 19 THE UNIVERSITY DOES MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. Form 990, Part IX, line 11g OTHER: Program service expenses 1,180,626. Management and general expenses 9,949,130. Fundraising expenses 92,587. Total expenses 11,222,343. Viola Foulke Trust c/o Bryn Mawr Trust Co 1 E Chocolat hershey PA 17033 236964516 To provide support to the University of the Arts PA 501(c)(3) PF N/A 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0