2018-05-15T13:17:57-05:00 2017-06-30 990 2016-07-01 231352000 THE ACADEMY OF NATURAL SCIENCES OF PHILADELPHIA ACAD 2152991000 1900 BENJAMIN FRANKLIN PARKWAY PHILADELPHIA PA 191031101 LISA MILLER VP, CFO/COO 2152991000 2018-05-15 2016 2022-09-23 18:48:47Z THE ACADEMY OF NATURAL SCIENCES OF DREXEL UNIVERSITY LISA MILLER 1900 BENJAMIN FRANKLIN PARKWAY PHILADELPHIA PA 191031101 41904403 0 X WWW.ANSP.ORG X 1812 PA FOUNDED IN 1812, THE ACADEMY OF NATURAL SCIENCES IS A LEADING NATURAL HISTORY MUSEUM DEDICATED TO ADVANCING RESEARCH, EDUCATION AND PUBLIC ENGAGEMENT IN BIODIVERSITY AND ENVIRONMENTAL SCIENCE. 30 25 284 254 55320 41328 13621452 10349867 5436276 6317410 1070696 3754858 735954 576423 20864378 20998558 324064 525470 0 0 11332432 10145023 0 0 982798 9081565 9399393 20738061 20069886 126317 928672 96183433 104323283 17406580 20162703 78776853 84160580 X THE MISSION IS "WE ADVANCE RESEARCH, EDUCATION, AND PUBLIC ENGAGEMENT IN BIODIVERSITY AND ENVIRONMENTAL SCIENCE." THE ACADEMY IMPLEMENTS ITS MISSION THROUGH IMPROVING UNDERSTANDING OF THE DIVERSITY OF LIFE, DEVELOPING AND APPLYING SCIENCE TO PROTECT THE ENVIRONMENT, ADVANCING PUBLIC INTEREST AND ENGAGEMENT IN NATURAL SCIENCES AND ENVIRONMENTAL ISSUES, AND PRESERVING THE HERITAGE OF NATURAL SCIENCE IN SPECIMENS, IMAGES, WORDS AND NUMBERS. 0 0 7891445 516270 3816116 RESEARCH-ACADEMY SCIENTISTS CONDUCT RESEARCH AROUND THE WORLD, COLLECTING SPECIMENS THAT HELP THEM DOCUMENT BIODIVERSITY, TRACE EVOLUTION, AND TRACK ENVIRONMENTAL CHANGES OVER TIME. THROUGH FESTIVALS, MEMBERS' NIGHT, BEHIND THE SCENES TOUR, AND POPULAR PUBLICATIONS, THESE SCIENTISTS SHARE THEIR DISCOVERIES, ENABLING THEIR COLLEAGUES, VISITORS, AND MEMBERS TO GAIN FURTHER INSIGHT INTO LIFE ON EARTH AND HOW TO SUSTAIN IT IN THE FUTURE. ACADEMY SCIENTISTS CONTINUE TO PRODUCE SCIENTIFIC PUBLICATIONS WHILE CULTIVATING OUR COLLECTIONS AND TRAVELING OUTSIDE THE MUSEUM FOR RESEARCH ON DOZEN OF FIELD TRIPS AND EXPEDITIONS. THE ACADEMY & DREXEL UNIVERSITY'S BIODIVERSITY, EARTH & ENVIRONMENTAL SCIENCE (BEES) PROGRAM HAS GROWN WITH MANY NEW PROJECTS ON THE HORIZON AS WE CONTINUE TO BE THE EPICENTER OF DISCOVERY. THE ACADEMY WAS GRANTED FUNDING FROM THE WILLIAM PENN FOUNDATION FOR ITS WORK ON THE DELAWARE RIVER WATERSHED INITIATIVE TO PROTECT AND RESTORE CRITICAL SOURCES OF DRINKING WATER IN THE DELAWARE RIVER BASIN. 6890312 1200 2489863 EDUCATION - THE ACADEMY BRINGS NATURAL SCIENCE TO LIFE THROUGH THREE FLOORS OF ENGAGING EXHIBITS, INCLUDING DINOSAURS AND OTHER ANCIENT CREATURES. AT OUR MUSEUM IN FISCAL YEAR 2017, WE WELCOMED MORE THAN 190,000 VISITORS TO EXPLORE OUR DIORAMAS, DINOSAURS, BUTTERFLIES, LIVE ANIMALS, AND THE RENOVATED CHILDREN'S NATURE DISCOVERY CENTER, OUTSIDE IN. THE ACADEMY'S PUBLIC PROGRAMS INTEGRATE LIVE ANIMALS, REAL SPECIMENS, AND EXPERIENCED EDUCATORS WHO BRING NATURAL SCIENCE TO LIFE FOR LEARNERS OF ALL AGES. THE ACADEMY'S NATIONALLY RECOGNIZED WOMEN IN NATURAL SCIENCES PROGRAM KNOWN AS WINS IS A FREE AFTER SCHOOL AND SUMMER ENRICHMENT PROGRAM FOR YOUNG WOMEN. THIS PROGRAM INTRODUCES HUNDREDS OF HIGH SCHOOL WOMEN TO FUTURE CAREERS IN SCIENCE. THE ACADEMY CONTINUES TO LAUNCH A NUMBER OF EXCITING NEW INITIATIVES AIMED AT TAKING OUR VISITOR EXPERIENCE TO THE NEXT LEVEL. WE CONTINUE TO PRESENT LIVE ANIMALS IN MUSEUM PROGRAMMING BY ADDING DAILY SHOWS AND HOSTING STORY TIME. WE DEVELOPED CARTS OF CURIOSITY, WHICH OFFER UP CLOSE ENCOUNTERS WITH THE ACADEMY STAFF THROUGH AN EFFECTIVE USE OF TECHNOLOGY; AND LIVE ANIMAL AMBASSADORS. THE ACADEMY ALSO PILOTED A PROGRAM FOR TEENS WITH AUTISM SPECTRUM DISORDER, BUILT AROUND THE TOPIC OF PALEONTOLOGY. IN FISCAL YEAR 2017, ACADEMY EDUCATORS REACHED MORE THAN 44,000 STUDENTS DURING OUTREACHES AND FIELD TRIP 1157989 8000 11431 LIBRARY AND ARCHIVES - THE ACADEMY'S LIBRARY AND ARCHIVES IS INTERNATIONALLY RECOGNIZED FOR ITS RARE AND HISTORIC BOOKS, JOURNALS, ART, ARTIFACTS, MANUSCRIPTS, PHOTOGRAPHS, AND THE UNIQUE PAPERS AND RESEARCH OF ACADEMY MEMBERS AND STAFF. THE LIBRARY HOLDS MORE THAN 250,000 TITLES THAT SPAN FIVE CENTURIES. OUR ARCHIVES COLLECTIONS CONTAIN OVER A MILLION ITEMS, INCLUDING MANUSCRIPTS, CORRESPONDENCE, FIELD NOTEBOOKS, FILMS, JOURNALS AND PHOTOGRAPHS. IN 2017, OUR ARCHIVIST CONTINUED SIGNIFICANT ACTIVITY IN THE ARCHIVES INCLUDING EVALUATING AND MOVING MATERIALS FROM THE OFFICE SPACE OF THE LATE DR. RUTH PATRICK. THE LIBRARY PROVIDED SERVICES TO ACADEMICS AND THE GENERAL PUBLIC WITH MORNING RESEARCH HOURS AND AFTERNOON HOURS WHEN THE PUBLIC WAS INVITED TO THE LIBRARY READING ROOM TO VIEW PORTRAITS, LIBRARY RESOURCES, AND SPECIFIC EXHIBITS. 15939746 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 1 1 1 0 0 1 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 1 0 1 0 0 0 0 1 0 0 0 1 X 44 0 1 284 1 1 1 0 0 0 0 1 1 0 0 0 0 X 30 25 1 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 AL AK AZ AR CA CO DE DC FL GA HI ID IL IN IA KS KY LA ME MD MI MN MS MO MT NE NV NH NJ NM NY NC ND OH OK OR PA RI SC TN TX UT VT VA WA WV WI WY X X DREXEL UNIVERSITYCOMPTROLLER'S OFF 2158951442 1505 RACE STREET 9TH FLOOR PHILADELPHIA PA 191021119 GEORGE W GEPHART JR PRESIDENT AND CEO 40.00 X X 296973 0 42074 MICHAEL H REED ESQ VICE CHAIR 2.00 X X 0 0 0 PETER AUSTEN CHAIR 2.00 X X 0 0 0 ABBIE DEAN VICE CHAIR 2.00 X X 0 0 0 JOHN A FRY BOARD TRUSTEE 2.00 40.00 X 0 1343353 328079 SANDRA L MCLEAN SECRETARY 2.00 X X 0 0 0 ALLEN MODEL BOARD TRUSTEE 2.00 X 0 0 0 I WISTAR MORRIS III BOARD TRUSTEE - EMERITUS 2.00 X 0 0 0 SEYMOUR S PRESTON III BOARD TRUSTEE - EMERITUS 2.00 X 0 0 0 TARA ACHARYA PHD MPH BOARD TRUSTEE 2.00 X 0 0 0 GERALD B RORER BOARD TRUSTEE 2.00 X 0 0 0 JOHN J SOROKO BOARD TRUSTEE 2.00 X 0 0 0 KENNETH J WARREN BOARD TRUSTEE 2.00 X 0 0 0 DAVID P LAZAR SR TREASURER/VICE CHAIR 2.00 X X 0 0 0 JUDITH E SOLTZ ESQ BOARD TRUSTEE 2.00 X 0 0 0 AMY COES BOARD TRUSTEE 2.00 X 0 0 0 CATHERINE T HUNT PHD BOARD TRUSTEE 2.00 X 0 0 0 JOHN F BALES III BOARD TRUSTEE 2.00 X 0 0 0 EDWARD A MONTGOMERY JR BOARD TRUSTEE - EMERITUS 2.00 X 0 0 0 MINTURN T WRIGHT III BOARD TRUSTEE - EMERITUS 2.00 X 0 0 0 AMY BRANCH BOARD TRUSTEE 2.00 X 0 0 0 ROBERT DRURY BOARD TRUSTEE 2.00 X 0 0 0 ELLEN HARVEY BOARD TRUSTEE 2.00 X 0 0 0 JUN HUANGPU PHD BOARD TRUSTEE 2.00 X 0 0 0 VAN R REINER BOARD TRUSTEE 2.00 X 0 0 0 IVY SILVER BOARD TRUSTEE 2.00 X 0 0 0 JEFFREY A BEACHELL BOARD TRUSTEE 2.00 X 0 0 0 M BRIAN BLAKE PHD BOARD TRUSTEE 2.00 40.00 X 0 695688 40391 ROBERT J DELANY BOARD TRUSTEE 2.00 X 0 0 0 JEFFREY EBERLY 7116-11916 BOARD TRUSTEE 2.00 40.00 X 0 430576 37490 DAVID GRIFFITH BOARD TRUSTEE 2.00 X 0 0 0 PAGE LEIDY BOARD TRUSTEE 2.00 X 0 0 0 ROBERT VICTOR BOARD TRUSTEE 2.00 X 0 0 0 HELEN BOWMAN 111016-63017 BOARD TRUSTEE 1.00 40.00 X 0 746151 90391 LATASHA HARLING BOARD TRUSTEE 2.00 X 0 0 0 LISA M MILLER VP, CFO/COO 40.00 X 170711 0 18778 DAVID VELINSKY VP CENTER FOR ACADEMY SCIE 2.00 40.00 X 0 179569 32886 JACQUELINE GENOVESI VP EDUCATION 40.00 X 122573 0 11212 JANE TAYLOR VP MARKETING, SALES & COMMUNICATION 40.00 X 133372 0 14683 WILLIAM DEFEO CONTROLLER - ACCOUNTING/FI 40.00 X 102598 0 24047 CAROL COLLIER DIRECTOR OF ENVIRONMENTAL 40.00 X 135733 4200 0 JAMES HERBERT FORMER BOARD TRUSTEE 0.00 40.00 X 0 396082 45691 DAVID RUSENKO FORMER VP FINANCE & ASSIST 0.00 40.00 X 0 161066 18099 961960 3956685 703821 6 1 1 0 CLEAN TECH SERVICES INC 114 CHESTNUT STREET 5TH FL PHILADELPHIA PA 19106 CLEANING SERVICES 332567 CAPACITY INTERACTIVE CONSULTING LLC 1239 BROADWAY SUITE 1103 NEW YORK NY 10001 CONSULTANT MEDIA 253632 PRICEWATERHOUSECOOPERS LLP 2001 MARKET STREET SUITE 1800 PHILADELPHIA PA 19103 AUDIT AND ASSURANCE 150250 STROUD WATER RESEARCH CENTER 970 SPENCER ROAD AVONDALE PA 193119514 SUBCONTRACT SERVICES 136641 ACADEMY EVENT SERVICE INC 3312 SPRING GARDEN ST PHILADELPHIA PA 19104 CATERING SERVICES 108882 7 499018 650 4517242 50000 5282957 329443 10349867 ENVIRONMENTAL RESEARCH 541700 2992822 2992822 MUSEUM ADMISSIONS 900099 1408820 1408820 EDUCATION & MUSEUM PRO 611600 1081043 1081043 SYSTEMATIC BIOLOGY RE 541700 823294 823294 LIBRARY 519100 11431 11431 6317410 1502384 1502384 55524 55524 23158319 20899723 6122 2258596 -6122 2252474 2252474 0 650 0 0 HEALTH INSURANCE ADJUSTMENT 900009 331039 331039 FACILITY SALES 900099 134540 134540 INCOME (LOSS) FROM PARTNERSHIP IN 900099 55320 55320 520899 20998558 6451950 55320 4141421 506270 506270 19200 19200 532582 431257 101325 6744333 5541636 859000 343697 1335121 1062537 198400 74184 1001169 778717 165435 57017 531818 408433 91507 31878 11580 11580 115250 115250 184064 184064 624161 303290 295626 25245 377080 326969 50111 1257475 852719 329454 75302 168662 129531 29021 10110 7535 7535 1447251 1376772 54108 16371 215510 208775 5727 1008 154801 71355 38917 44529 4956 4956 2862228 2575389 116351 170488 1161029 1104488 43407 13134 EXHIBITION EXPENSE 547973 547973 MISCELLANEOUS 133018 42181 89986 851 PROFESSIONAL MEMBERSHIP 36000 11257 23243 1500 PARTICIPANT EXPENSE 24190 24190 66630 40529 9942 16159 20069886 15939746 3147342 982798 4700 4550 5199089 9511781 6175097 5560296 388089 186498 129951 204763 27140345 7815935 19960535 19324410 53033022 44700522 11292950 24830463 96183433 104323283 1358837 1733086 28485 14154 16019258 18415463 17406580 20162703 X 7290874 6522270 10566174 13245928 60919805 64392382 78776853 84160580 96183433 104323283 928672 4455055 0 X X 0 1 X 1 1 1 X 11343064 11059883 14581748 13621452 10349866 60956013 3803301 3656828 5043253 5596780 6451950 24552112 15146365 14716711 19625001 19218232 16801816 85508125 6275924 750954 8299682 1958711 1840017 19125288 978870 413803 1663603 1284382 1344004 5684662 7254794 1164757 9963285 3243093 3184021 24809950 60698175 3006202 8462159 1460034 1023646 1557908 15509949 3006202 8462159 1460034 1023646 1557908 15509949 57597 106381 55320 219298 970111 237839 1354662 435571 331039 3329222 19122678 23474306 22439697 20783830 18746083 104566594 0.58050 0.54480 0.14830 0.16500 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X 0 55032000 715000 6993000 2999000 59741000 56380000 3065000 -1426000 2987000 55032000 53611000 5659000 -133000 2757000 56380000 48638612 707000 7905000 3639612 53611000 45680688 821546 5086554 2950176 48638612 0.01130 0.91750 0.07120 1 0 21782677 3768515 18014162 5271917 4029614 1242303 85751 17806 67945 19324410 INVESTMENT AT NAV (PRIVATE EQUITY, REAL ESTATE, HEDGE FUNDS AND OTHER) 24830463 F 24830463 DEPOSITS 7368542 POST RETIREMENT AND PENSION BENEFIT 9333310 DUE TO DREXEL UNIVERSITY 1713611 18415463 X 24590491 4455055 4455055 20135436 532083 331039 863122 20998558 18302558 0 18302558 532083 1235245 1767328 20069886 PART X, LINE 2: THE ACADEMY IS A NOT-FOR-PROFIT CORPORATION THAT HAS BEEN GRANTED TAX EXEMPT STATUS 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 ACADEMY HAS FROM TIME TO TIME REPORTED UNRELATED BUSINESS INCOME FROM INVESTMENTS HELD IN THE ENDOWMENT FUND, WHEN UNRELATED BUSINESS INCOME HAS BEEN REPORTED BY THE INVESTMENT MANAGER ON SCHEDULE K-1. THE STATUE OF LIMITATIONS ON THE ACADEMY'S U.S. FEDERAL INFORMATIONAL RETURNS REMAINS OPEN FOR THREE YEARS FOLLOWING THE THE YEAR THEY ARE FILED. THE FINANCIAL ACCOUNTING STANDARDS BOARD ("FASB") ISSUED ACCOUNTING STANDARDS CODIFICATION ("ASC") 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 ACADEMY DOES NOT BELIEVE THERE ARE ANY UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE RECOGNITION IN THE FINANCIAL STATEMENTS AS OF JUNE 30, 2017 AND 2016. PART XI, LINE 4B - OTHER ADJUSTMENTS: RECLASS HEALTH INSURANCE RECOVERY TO REVENUE PART XII, LINE 4B - OTHER ADJUSTMENTS: FROZEN DEFINED BENEFIT PENSION PLAN EXPENSES RECLASS HEALTH INSURANCE RECOVERY TO REVENUE PART III, LINE 1A: COLLECTIONS ACQUIRED THROUGH PURCHASES AND CONTRIBUTIONS SINCE THE ACADEMY'S INCEPTION ARE NOT RECOGNIZED AS ASSETS ON THE STATEMENT OF FINANCIAL POSITION. PURCHASES OF COLLECTION ITEMS ARE RECORDED AS DECREASES IN UNRESTRICTED NET ASSETS IN THE YEAR IN WHICH THE ITEMS ARE ACQUIRED OR AS TEMPORARILY OR PERMANENTLY RESTRICTED NET ASSETS IF THE ASSETS USED TO PURCHASE THE ITEMS ARE RESTRICTED BY DONORS. CONTRIBUTED COLLECTION ITEMS ARE NOT REFLECTED ON THE FINANCIAL STATEMENTS. THE ACADEMY'S COLLECTIONS ARE MADE UP OF LIBRARY HOLDINGS, SCIENTIFIC SPECIMENS, MINERALS, EXHIBITS, AND ART OBJECTS THAT ARE HELD FOR EDUCATIONAL, RESEARCH, SCIENTIFIC, AND CURATORIAL PURPOSES. EACH OF THESE ITEMS ARE CATALOGED, PRESERVED, AND CARED FOR, AND ACTIVITIES VERIFYING THEIR EXISTENCE AND ASSESSING THEIR CONDITION ARE PERFORMED CONTINUOUSLY. PART III, LINE 4: THE ACADEMY'S COLLECTIONS OF MORE THAN 18 MILLION CATALOGED NATURAL HISTORY SPECIMENS AND ARTIFACTS ARE COLLECTIVELY AMONG THE 10 LARGEST IN THE UNITED STATES. THROUGH ITS THREE MAIN COMPONENTS - RESEARCH, EDUCATION AND MUSEUM, THE ACADEMY WORKS TO SHARE ITS SCIENTIFIC KNOWLEDGE GAINED FROM THE COLLECTIONS AND OTHER ORGANIZATIONS, GOVERNMENTS, BUSINESSES, AND INDIVIDUALS TO INSPIRE STEWARDSHIP IN THE ENVIRONMENT AND TO PROMOTE AND ENCOURAGE CONTINUED INVESTMENT IN THE NATURAL SCIENCES. PART V, LINE 4: THE ENDOWMENT FUNDS WERE ESTABLISHED TO SUPPORT SCIENTIFIC COLLECTIONS AND RESEARCH, EDUCATION, PUBLICATIONS, THE LIBRARY, DEPARTMENTAL CHAIRS AND POSITIONS, AND THE OVERALL OPERATION OF THE ACADEMY OF NATURAL SCIENCES. 1 NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES 0 0 PROGRAM SERVICES RESEARCH/COLLECTING 381 EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 0 0 PROGRAM SERVICES RESEARCH/COLLECTING 683 SOUTH AMERICA 0 0 PROGRAM SERVICES RESEARCH/COLLECTING 3169 EUROPE - INCLUDING ICELAND AND GREENLAND 0 0 PROGRAM SERVICES RESEASCH/COLLECTING 3111 0 0 0 0 0 0 7344 0 7344 1 0 0 0 1 0 PART I, LINE 2: THE EXPENDITURES INCURRED IN ACTIVITIES OUTSIDE THE UNITED STATES ARE TRACKED ON EXPENSE REPORTS SUBMITTED BY THE SCIENTISTS AND EMPLOYEES. THE EXPENSE REPORTS DOCUMENT THE ACTUAL EXPENDITURES AND DISBURSEMENTS MADE WITHIN THE FOREIGN LOCATION. 1 STROUD WATER RESEARCH CENTER 970 SPENCER ROAD AVONDALE PA 193119514 522081073 501(C)(3) 167123 RESEARCH CHESEPEAKE BIOGIOCHEMICAL ASSOCIATE 601 CHURCH STREET SHARPTOWN MD 21861 522234000 FOR PROFIT 17725 RESEARH SHIPPENSBURG UNIVERSITY 1871 OLD MAIN DR SHIPPENSBURG PA 172572298 232500361 GOVERNMENT ENTITY 63454 RESEARCH UNITED STATES GEOLOGICAL SURVEY 12201 SUNRISE VALLEY DR RESTON VA 20192 530019695 GOVERNMENT ENTITY 190325 RESEARCH PARTNERSHIP FOR THE DELAWARE ESTUAR 110 S POPLAR STREET NO 202 WILMINGTON DE 19801 510375307 501(C)(3) 7500 RESEARCH DREXEL UNIVERSITY 3201 ARCH STREET PHILADELPHIA PA 19104 231352630 501(C)(3) 55159 RESEARCH 5 0 AWARD 6 9200 SCHOLARSHIP 1 10000 PART I, LINE 2: THE PRINCIPAL INVESTIGATOR HAVING RESPONSIBILITY FOR THE GRANT 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 0 0 0 0 0 0 0 GEORGE W GEPHART JR PRESIDENT AND CEO 296973 0 0 0 0 0 29150 0 12924 0 339047 0 0 0 JOHN A FRY BOARD TRUSTEE 0 782273 0 220000 0 341080 0 312008 0 16071 0 1671432 0 0 M BRIAN BLAKE PHD BOARD TRUSTEE 0 568688 0 115000 0 12000 0 23850 0 16541 0 736079 0 0 JEFFREY EBERLY 7116-11916 BOARD TRUSTEE 0 306956 0 0 0 123620 0 29150 0 8340 0 468066 0 0 HELEN BOWMAN 111016-63017 BOARD TRUSTEE 0 621151 0 125000 0 0 0 73850 0 16541 0 836542 0 0 LISA M MILLER VP, CFO/COO 170711 0 0 0 0 0 18700 0 78 0 189489 0 0 0 DAVID VELINSKY VP CENTER FOR ACADEMY SCIE 0 167612 0 0 0 11957 0 16763 0 16123 0 212455 0 0 JAMES HERBERT FORMER BOARD TRUSTEE 0 396082 0 0 0 0 0 29150 0 16541 0 441773 0 0 DAVID RUSENKO FORMER VP FINANCE & ASSIST 0 161066 0 0 0 0 0 17600 0 499 0 179165 0 0 PART I, LINE 4B IN RECOGNITION OF AND CONSIDERATION FOR THE GOODS AND VALUABLE SERVICES MR. FRY HAS PROVIDED, AND WILL CONTINUE TO PROVIDE, TO DREXEL UNIVERSITY DURING HIS EMPLOYMENT, DREXEL UNIVERSITY UNIVERSITY AGREES TO PROVIDE MR. FRY WITH CERTAIN SUPPLEMENTAL RETIREMENT AND DEATH BENEFITS, EFFECTIVE AS OF JULY 1, 2012. MR. FRY'S ACCOUNT SHALL BE CREDITED WITH AN ALLOCATION BY DREXEL UNIVERSITY IN THE FALL OF EACH YEAR (AND NOT LATER THAN DECEMBER 15), BEGINNING IN THE FALL OF 2013, AND ENDING IN THE FALL OF 2020, IN ACCORDANCE WITH THE FOLLOWING FORMULA. THE ALLOCATION FOR EACH YEAR SHALL BE CONDITIONED ON MR. FRY'S CONTINUED EMPLOYMENT THROUGH THE END OF THE FISCAL YEAR ENDING ON THE IMMEDIATELY PRECEDING JUNE 30 (OR UPON THE DATE OF DEATH, TOTAL DISABILITY, OR INVOLUNTARY TERMINATION, IF EARLIER). THE FORMULA IS 11% OF THE SUM OF MR. FRY'S PAID COMPENSATION (BASE SALARY AND ANNUAL PERFORMANCE BONUS (IF ANY)) FOR THE FISCAL YEAR ENDING ON THE IMMEDIATELY PRECEDING JUNE 30 THAT IS IN EXCESS OF THE COMPENSATION LIMIT UNDER SECTION 401(A)(17) OF THE INTERNAL REVENUE CODE AS IN EFFECT DURING SUCH PERIOD IN DETERMINING THE MAXIMUM COMPENSATION UNDER DREXEL UNIVERSITY'S PENSION PLAN. SCHEDULE J, PART II DREXEL UNIVERSITY (RELATED ORGANIZATION) WILL PROVIDE JOHN FRY WITH DEFERRED COMPENSATION. DREXEL UNIVERSITY SHALL CREDIT MR. FRY WITH $200,000 ON JUNE 30, 2016, AND ON EACH FOLLOWING JUNE 30 THROUGH 2020 WHILE HE REMAINS EMPLOYED BY DREXEL UNIVERSITY AS PRESIDENT AND CHIEF EXECUTIVE OFFICER. THE AMOUNT SO CREDITED SHALL ALSO BE CREDITED WITH EARNINGS, GAINS, AND LOSSES BASED ON DEEMED INVESTMENT OPTIONS SELECTED IN ADVANCE BY MR. FRY, SHALL OCCUR ON JUNE 30, 2020, PROVIDED MR. FRY IS EMPLOYED BY DREXEL UNIVERSITY ON THAT DATE. IN THE EVENT MR. FRY'S EMPLOYMENT WITH DREXEL UNIVERSITY IS TERMINATED PRIOR TO JUNE 30, 2020 ON ACCOUNT OF DEATH, DISABILITY, NON-RENEWAL OF THIS AGREEMENT BY THE UNIVERSITY, OR TERMINATION OF HIS EMPLOYMENT BY THE UNIVERSITY OTHER THAN FOR CAUSE, OR HIS RESIGNATION FOR GOOD REASON, THE DEFERRED COMPENSATION, AS ADJUSTED FOR EARNINGS, GAINS AND LOSSES, SHALL BECOME VESTED AND PAYABLE UPON HIS TERMINATION OF EMPLOYMENT. IN THE EVENT MR. FRY VOLUNTARILY TERMINATES HIS EMPLOYMENT WITHOUT GOOD REASON WITH THE UNIVERSITY PRIOR TO JUNE 30, 2020, OR THE UNIVERSITY TERMINATES MR. FRY'S EMPLOYMENT FOR CAUSE, THE DEFERRED COMPENSATION SHALL BE FORFEITED. DREXEL UNIVERSITY (RELATED ORGANIZATION) WILL PROVIDE HELEN BOWMAN WITH A DEFERRED COMPENSATION ARRANGEMENT. ON EACH SEPTEMBER 1, BEGINNING WITH SEPTEMBER 1, 2016, AND ENDING SEPTEMBER 1, 2020, THE UNIVERSITY WILL CREDIT $50,000 TO HER ACCOUNT, PLUS INTEREST ACCRUED 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 TERMINTION 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. IAN T GRIFFITH FAMILY MEMBER OF TRUSTEE 11495 COMPENSATION 0 SCHEDULE L-PART IV- SUPPLEMENTAL INFORMATION X 6 PART II EXPLANATION X 23 329443 SELLING PRICE X 3 PART II EXPLANATION X MISCELLANEOUS 6 0 PART II EXPLANATION 0 0 1 0 PART I, COLUMN (B): THE ORGANIZATION IS REPORTING THE NUMBER OF CONTRIBUTIONS IN COLUMN (B), NOT THE NUMBER OF ITEMS. PART I, LINE 33: THE ORGANIZATION DOES NOT RECOGNIZE REVENUE FOR CONTRIBUTIONS OF COLLECTION ITEMS BECAUSE COLLECTIONS ARE NOT CAPITALIZED AS ALLOWED UNDER SFAS 116. THE ORGANIZATION ALSO DOES NOT RECOGNIZE REVENUE FOR NONCASH CONTRIBUTIONS (OTHER THAN SECURITIES) THAT ARE LESS THAN $5,000 IN VALUE. FORM 990, PART V, LINE 7G: NOT APPLICABLE. FORM 990, PART V, LINE 7H: NOT APPLICABLE. FORM 990, PART VI, SECTION A, LINE 1 EMERTIUS TRUSTEES AND HONORARY TRUSTEES SHALL HAVE SUCH OTHER PRIVILEGES AS THE BOARD SHALL DETERMINE BUT SHALL NOT BE ELIGIBLE TO VOTE. FORM 990, PART VI, SECTION A, LINE 2 BUSINESS RELATIONSHIP FORM 990, PART VI, SECTION A, LINE 6 THE MEMBERSHIP OF THE ACADEMY CONSISTS OF ONE VOTING MEMBER WHICH IS DREXEL UNIVERSITY. FORM 990, PART VI, SECTION A, LINE 7A DREXEL UNIVERSITY IS THE SOLE VOTING MEMBER AND HAS THE AUTHORITY TO APPOINT OR REMOVE AN ACADEMY TRUSTEE. FORM 990, PART VI, SECTION A, LINE 7B TO THE FULLEST EXTENT PERMITTED UNDER THE PENNSYLVANIA NON-PROFIT CORPORATION LAW OF 1988, AS AMENDED, CERTAIN CORPORATE ACTIONS REQUIRE THE APPROVAL OF THE MEMBER. FORM 990, PART VI, SECTION B, LINE 11B THE DRAFT 990 IS PREPARED INTERNALLY AND REVIEWED BY THE ACADEMY'S AUDIT COMMITTEE. ACTING ON BEHALF OF THE BOARD, THE AUDIT COMMITTEE WILL APPROVE THE FINAL VERSION AND DIRECT THE RETURN TO BE FILED. A COPY OF THE FINAL VERSION IS DISTRIBUTED TO ALL MEMBERS OF THE BOARD OF TRUSTEES PRIOR TO FILING AND POSTED ON THE WEBSITE. FORM 990, PART VI, SECTION B, LINE 12C THE ACADEMY OF NATURAL SCIENCES OF PHILADELPHIA ("ACADEMY") IMPLEMENTS THE CONFLICT OF INTEREST POLICY OF ITS PARENT, DREXEL UNIVERSITY. THE POLICY APPLIES TO ALL EMPLOYEES (WHETHER A KEY EMPLOYEE OR NOT), OFFICERS, AND TRUSTEES OF THE ACADEMY/UNIVERSITY. THE CONFLICT OF INTEREST POLICY IS INTENDED TO SATISFY COMPLIANCE REQUIREMENTS AND GUIDE ACADEMY/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 PER POLICY AND AS REQUIRED IS REVIEWED BY THE COMPLIANCE, PRIVACY AND INTERNAL AUDIT OFFICER. COMPLETED QUESTIONNAIRES FOR OFFICERS AND TRUSTEES ARE SUBMITTED 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 EMPLOYEES CONFLICTS THAT ARE DETERMINED TO BE DETRIMENTAL TO THE ACADEMY/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. IT IS THE POLICY OF THE ACADEMY/UNIVERSITY NOT TO CONTRACT WITH OR ENTER INTO A COMMERCIAL RELATIONSHIP WITH ANY TRUSTEE OR CORPORATION, PARTNERSHIP, PROPRIETORSHIP OR OTHER ORGANIZATION IN WHICH SUCH TRUSTEE HAS AN INTEREST AS AN OFFICER, DIRECTOR, PARTNER, EMPLOYEE, OWNER, OR CONTROLLING STOCKHOLDER. FORM 990, PART VI, SECTION B, LINE 15 ACADEMY CEO COMPENSATION IS DETERMINED BY THE ACADEMY BOARD CHAIR AND DREXEL UNIVERSITY PRESIDENT, IN CONSULTATION WITH THE UNIVERSITY'S HUMAN RESOURCES DEPARTMENT, USING DATA ON THE COMPENSATION OF OTHER NON-PROFIT CEOS IN THE REGION TO RECOMMEND AN APPROPRIATE SALARY RANGE. COMPENSATION SPECIALIST(S) REVIEWED ALL POSITIONS AT THE ACADEMY AND RECOMMENDED A COMPENSATION STRUCTURE BASED ON JOB CLASS, INDUSTRY SECTOR, AND GEOGRAPHIC REGION. INDIVIDUAL COMPENSATION LEVELS ARE ESTABLISHED WITHIN THE RANGE FOR THE GIVEN POSITION BASED ON THE EXPERIENCE AND YEARS OF SERVICE. FORM 990, PART VI, SECTION C, LINE 19 THROUGH THE ACADEMY'S PUBLIC WEBSITE THE PUBLIC MAY REQUEST AND PRINT THE ACADEMY'S BY-LAWS, ARTICLES OF INCORPORATION, FORM 990, CODE OF ETHICS AND CONDUCT AND THE CURRENT AUDIT FINANCIAL STATEMENTS. THE ACADEMY WILL ALSO RESPOND TO WRITTEN REQUESTS AS WELL AS PHONE REQUESTS FOR INFORMATION FOR THOSE WITHOUT COMPUTER ACCESS. THE ACADEMY'S 990 ALSO APPEARS ON INDEPENDENT NON-PROFIT WEBSITES LIKE GUIDESTAR AND CHARITY NAVIGATOR. FORM 990, PART XII, LINE 2C: THE ACADEMY'S AUDIT COMMITTEE REVIEWS THE AUDITED FINANCIAL STATEMENTS FOR THE ACADEMY OF NATURAL SCIENCES. THE TASK OF SELECTING THE INDEPENDENT AUDITOR AND APPROVING THE AUDIT PLAN, FOR THE UNIVERSITY AND ITS SUBSIDIARIES, IS THE RESPONSIBILITY OF DREXEL UNIVERSITY'S AUDIT COMMITTEE. DREXEL UNIVERSITY 3141 CHESTNUT STREET PHILADELPHIA PA 19104 231352630 EDUCATIONAL INSTITUTION PA 501(C)3 LINE 2 N/A 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 0 0 0