2016-05-16T16:10:35-05:00 2015-06-30 KPMG LLP 345 Park Avenue New York NY 101540102 990 2014-07-01 221487164 DREW UNIVERSITY % MICHAEL GROENER DREW 9734083501 36 MADISON AVENUE MADISON NJ 07940 MICHAEL GROENER CFO & VP FINANCE 9734083501 2016-05-16 true devin l duncan P01249521 2127589700 2016-05-16 2014 2016-08-17 19:52:53Z Dr MARYANN BAENNINGER 36 MADISON AVENUE MADISON NJ 07940 236714598 false X WWW.DREW.EDU X 1868 NJ THE UNIVERSITY OFFERS GRADUATE AND UNDERGRADUATE STUDIES AND IS COMPRISED OF THE COLLEGE OF LIBERAL ARTS, THE THEOLOGICAL SCHOOL, AND THE CASPERSEN SCHOOL OF GRADUATE STUDIES. 30 28 1674 29 -24002 -86870 9708469 14081795 92195482 86337227 16543065 25830535 1609750 1969408 120056766 128218965 36422454 36020475 0 0 45632534 45545139 0 0 3340514 38849540 40734146 120904528 122299760 -847762 5919205 383504498 361439632 111269137 107409489 272235361 254030143 X DREW UNIVERSITY'S MISSION IS TO OFFER ITS DIVERSE COMMUNITY OF LEARNERS A CHALLENGING AND INDIVIDUALIZED EDUCATION. FOR MORE INFORMATION, SEE SCHEDULE O. false false 54881416 30490416 61098052 THE DREW UNIVERSITY COLLEGE OF LIBERAL ARTS AFFIRMS A COMMITMENT TO ITS FOUNDING VISION: TO OFFER ITS STUDENTS A LIBERAL ARTS EDUCATION OF THE HIGHEST QUALITY. THROUGH A RIGOROUS COURSE OF STUDY, THE COLLEGE CHALLENGES STUDENTS TO EXPLORE THE ARTS, NATURAL SCIENCES, SOCIAL SCIENCES, HUMANITIES, AND INTERDISCIPLINARY FIELDS IN DEPTH AND TO DEVELOP THEIR CAPACITIES FOR CRITICAL THOUGHT, PROBLEM SOLVING, EFFECTIVE COMMUNICATION, CREATIVITY, SELF DISCIPLINE AND EMPATHY. AS THE COLLEGE PREPARES STUDENTS FOR ACADEMIC AND PROFESSIONAL ACHIEVEMENT, IT PROVIDES THEM WITH ESSENTIAL SKILLS FOR LIVING AND CONTINUING TO LEARN AND TO GROW IN AN INCREASINGLY DIVERSE AND COMPLEX WORLD. 8957592 3600592 5483540 DREW THEOLOGICAL SCHOOL - DREW THEOLOGICAL SCHOOL EMPOWERS LEADERSHIP FOR A GLOBAL CHRISTIANITY OF JUSTICE, ECUMENISM, AND THE INTEGRITY OF CREATION. ITS PASTORAL, SPIRITUAL, AND CONCEPTUAL DISCIPLINES GROW WITHIN AN INTIMATE LITURGICAL AND COMMUNAL CONTEXT, ONE THAT SUSTAINS MULTIPLE RELATIONS OF DIFFERENCE. THROUGH ITS PARTICULAR HISTORICAL COMMITMENTS TO AFRICAN, ASIAN, AFRICAN-AMERICAN, HISPANIC AND WOMEN'S MINISTRIES, THE THEOLOGICAL SCHOOL REMAINS FAITHFULLY ROOTED IN ITS METHODIST HERITAGE. FOR MORE INFORMATION, SEE SCHEDULE O. 4151467 1929467 3869711 THE CASPERSEN SCHOOL OF GRADUATE STUDIES - THE CASPERSEN SCHOOL OF GRADUATE STUDIES WAS FOUNDED ON THE PRINCIPLE OF THE IMPORTANCE OF INTERDISCIPLINARY STUDY IN THE HUMANITIES. THE GOAL OF THE SCHOOL'S FOUNDERS WAS TO FOSTER BROADLY EDUCATED PEOPLE WHO HAVE EXPERTISE IN A FIELD OF THOUGHT BUT WHO ARE ALSO FAMILIAR WITH AND ARTICULATE IN A RANGE OF HUMANISTIC STUDIES. FOR MORE INFORMATION, SEE SCHEDULE O. 35882770 17887725 103873245 true true false true false false false false false true true true false false true true false true true false true false false false true false false false true true true false false false false false false false false true false true false false false false true true true true false true X 288 0 true 1674 true false true CJ false false false true true false false false false X 30 28 false false false false false false false true true false false true true true true true true true true true false X MICHAEL GROENER 9734083501 36 MADISON AVENUE MADISON NJ 07940 X JUDITH E CAMPBELL TRUSTEE 1.0 0.0 X 0 0 0 WILLIAM M CICCHINO TRUSTEE 1.0 0.0 X 0 0 0 C RORY CORRIGAN TRUSTEE 1.0 0.0 X 0 0 0 DEAN T CRIARES CHAIRMAN 1.0 0.0 X X 0 0 0 HUGH A D'ANDRADE TRUSTEE 1.0 0.0 X 0 0 0 D STUART DUNNAN TRUSTEE 1.0 0.0 X 0 0 0 J ANTHONY EHINGER TRUSTEE 1.0 0.0 X 0 0 0 EMILIA A FABRICANT TRUSTEE 1.0 0.0 X 0 0 0 THOMAS FICARRA TRUSTEE 1.0 0.0 X 0 0 0 ROBERT FRANEK TRUSTEE 1.0 0.0 X 0 0 0 WILLIAM M FREEMAN VICE CHAIRMAN 1.0 0.0 X X 0 0 0 FREDRICK FUEST VICE CHAIRMAN 1.0 0.0 X X 0 0 0 GATES H HAWN TRUSTEE 1.0 0.0 X 0 0 0 PEGGY A JOHNSON TRUSTEE 1.0 0.0 X 0 0 0 WILLIAM T KNOX TRUSTEE 1.0 0.0 X 0 0 0 WILLIAM W LANDIS III TRUSTEE 1.0 0.0 X 0 0 0 HWAIN C LEE TRUSTEE 1.0 0.0 X 0 0 0 KEVIN H MARINO TRUSTEE 1.0 0.0 X 0 0 0 MARTIN MCLEE TRUSTEE THRU 09/2014 1.0 0.0 X 0 0 0 BETSY S MICHEL TRUSTEE 1.0 0.0 X 0 0 0 EDWARD MOED TRUSTEE 1.0 0.0 X 0 0 0 LAWRENCE G MORRIS TRUSTEE 1.0 0.0 X 0 0 0 JEFFREY B NOSS TRUSTEE 1.0 0.0 X 0 0 0 ERIC PURCELL TRUSTEE 1.0 0.0 X 0 0 0 JOHN SCHOL TRUSTEE 1.0 0.0 X 0 0 0 CHRIS SMITH TRUSTEE 1.0 0.0 X 0 0 0 SUZANNE MERTZ SPERO TRUSTEE 1.0 0.0 X 0 0 0 GARY S STEIN SECRETARY 1.0 0.0 X 0 0 0 JENNIFER VELEZ TRUSTEE 1.0 0.0 X 0 0 0 PAULINE WARDELL-SANKOH TRUSTEE 1.0 0.0 X 0 0 0 MARYANN BAENNINGER PRESIDENT BEG. 7/21/14 35.0 0.0 X X 204575 0 60350 VIVIAN BULL PRESIDENT THROUGH 7/18/14 35.0 0.0 X X 163659 0 13984 KENNETH ALEXO VP ADVANCEMENT 35.0 0.0 X 215702 0 36447 MICHAEL GROENER CFO & VP FINANCE 35.0 1.0 X 215444 0 35808 MARGARET HOWARD VP OF ADMINISTRATION 35.0 1.0 X 227211 0 22058 MARK KOPENSKI VP ENROLLMENT MANAGEMENT 35.0 0.0 X 188953 0 55165 ROBERT READY DEAN GRAD SCHOOL 35.0 0.0 X 149065 0 24409 VIRGINIA SAMUEL CETUK INTER. DEAN THEO THRU 7/18/14 35.0 0.0 X 22281 0 81865 ANDREW SCRIMGEOUR DEAN OF THE LIBRARIES 35.0 0.0 X 136336 0 10920 CHRISTOPHER TAYLOR INTERIM DEAN OF CLA 35.0 0.0 X 145571 0 35712 JAVIER VIERA DEAN OF THEO SCHOOL BEG.7/1/14 35.0 0.0 X 64932 0 27212 SARA WALDRON INTERIM VP STU. LIFE 35.0 0.0 X 207686 0 24811 MARTI WINER CHIEF OF STAFF BEG. 12/1/14 35.0 0.0 X 16200 0 0 ROBERT MASSA VP ENROLLMENT, BEG. 02/16/15 35.0 0.0 X 0 0 0 KIRA POPLOWSKI VP COMMUNICATIONS, BEG.1/19/15 35.0 0.0 X 0 0 0 WILLIAM BROWN DIRECTOR OF LEGAL AFFAIRS 35.0 0.0 X 145747 0 11891 JASON FEIN DIRECTOR OF ATHLETICS 35.0 0.0 X 123737 0 32001 JOSEPH KELLY AVP FINANCE/TREASURER 35.0 1.0 X 164116 0 22725 MICHAEL KOPAS AVP FAC & OPERATIONS 35.0 1.0 X 128558 0 33347 WILLIAM SCHULZ DIR. ENTERPRISE APPS 35.0 0.0 X 123380 0 25112 2643153 0 553817 62 false true false ARAMARK 135 NEW ROAD MADISON NJ 07940 FOOD SERVICE 3953591 ARAMARK HIGHER ED 24818 Network Pl CHICAGO IL 60673 GROUNDS MAINTENANCE 1855968 LEEGIS GROUP 2333 US HWY 22 UNION NJ 07083 CONSTRUCTION 1609124 A-L SERVICES PO BOX 6391 LITTLETON RD PARSIPPANY NJ 07054 LANDSCAPING 1103724 BRAVO BUILDING SERVICES INC 29 KING GEORGE ROAD GREENBROOK NJ 08812 CLEANING MAINTENANCE 889640 51 100811 1217680 12763304 803272 14081795 TUITION & FEES 900099 70451303 70451303 AUXILIARY INCOME 721310 15885924 15841543 44381 86337227 1780800 -69303 1850103 0 0 0 0 132450025 108400290 24049735 24049735 920 24048815 62950 100811 95343 -32393 -32393 0 0 VEHICLE REGISTRATION FEES 900099 156776 156776 SHAKESPEARE INCOME 900099 116020 116020 METHODIST REVENUE 900099 185894 185894 1543111 1543111 2001801 128218965 88294647 -24002 25866525 0 36020475 36020475 0 0 2756790 1578550 827696 350544 13295 13295 33211721 26140902 5467240 1603579 2030939 1706058 205513 119368 5141942 4070955 786156 284831 2390452 1868856 390839 130757 0 238067 15617 222450 96600 96600 70673 70673 0 2837707 2837707 926862 306420 449065 171377 0 950668 636947 247174 66547 1428887 1289193 99906 39788 0 9556884 8735023 818994 2867 1104231 975036 47482 81713 0 896738 663586 27799 205353 2613003 2613003 0 9493011 8967763 467910 57338 738856 738856 FOOD EXPENSE 4067844 4063776 4068 SUPPLIES 1058789 942322 74115 42352 LIBRARY MATERIALS 1047199 1047199 EQUIPMENT RENTAL & MAINTENANCE 1626938 548278 1028225 50435 1981189 1683286 164238 133665 122299760 103873245 15086001 3340514 3353453 2955888 4984504 24247987 4556878 3773104 1885433 2550686 0 0 0 0 3076985 2558646 79500 76944 1348532 1075718 291819385 140697631 149057684 151121754 44423074 30234886 164121756 136121362 0 0 0 0 6616699 6722657 383504498 361439632 5921101 6446131 0 0 6709808 5718651 74550843 68442259 0 0 0 0 0 0 0 0 24087385 26802448 111269137 107409489 X 72518750 57211711 105490009 97946931 94226602 98871501 272235361 254030143 383504498 361439632 X 5919205 -20253360 -3871063 X false true X true true true X 15190553 9983188 8665687 9708469 14081795 57629692 0 0 15190553 9983188 8665687 9708469 14081795 57629692 1279849 56349843 13177802 2404346 1193604 1166666 1780800 19723218 48017 48017 1599483 1599483 79000410 479671678 0.71328 0.60932 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false false false true 70673 70673 false OTHER LOBBYING ACTIVITIES SCHEDULE C, PART II-B, LINE 1I WINNING STRATEGIES WASHINGTON WORKS ON BEHALF OF DREW UNIVERSITY TO ADVOCATE AND ADVANCE FUNDING AND POLICY FIXES FROM THEIR INCEPTION TO CONCLUSION THROUGH THE LEGISLATIVE, APPROPRIATIONS AND REGULATORY PROCESSES. SPECIFICALLY, IT HAS A STRONG UNDERSTANDING OF WHAT STRATEGIES WORK BEST IN GAINING THE INTEREST AND SUPPORT OF MEMBERS OF CONGRESS, ESPECIALLY WITH REGARD TO WORKING EFFECTIVELY WITH MEMBERS OF THE NEW JERSEY DELEGATION ON BEHALF OF THE UNIVERSITY. IN ADDITION, THE UNIVERSITY IS A MEMBER OF AND PAYS ANNUAL DUES TO THE FOLLOWING CONSORTIUM GROUPS: THE ASSOCIATION OF INDEPENDENT COLLEGES AND UNIVERSITIES IN NEW JERSEY (AICUNJ) AND THE NATIONAL ASSOCIATION OF INDEPENDENT COLLEGES AND UNIVERSITIES (NAICU). THE UNIVERSITIES WORK TOGETHER WITH THESE GROUPS TO MAKE AN IMPACT ON COMMON IDEAS/GOALS, ESPECIALLY WITH GOVERNMENT. EACH YEAR, THE GROUPS LOBBY FOR AN INCREASE OR AT LEAST A STABILIZATION OF GOVERNMENT FUNDS FOR STUDENT AID AND OTHER ISSUES IN WHICH DREW UNIVERSITY IS VERY INTERESTED. THE UNIVERSITY'S GOAL IS TO SECURE AS MUCH FUNDING AS POSSIBLE TO ASSIST IN THE MISSION. 199411000 4985000 3266000 10401000 197261000 187328000 1982000 20152000 10051000 199411000 175774000 1074000 21595000 11115000 187328000 193928000 891000 -7559000 11486000 175774000 169483000 4353000 32741000 12649000 193928000 0.23619 0.39799 0.36582 false false 12568096 12568096 233289347 117281829 116007518 24465817 12474004 11991813 21496125 10941798 10554327 151121754 ALTERNATIVE INVESTMENTS 108002092 F PARTIES 17128115 F POOLED INCOME FUNDS 6392191 F BOND PROCEEDS HELD BY TRUSTEES 4598964 F 136121362 0 STUDENT SECURITY DEPOSITS 1175873 ANNUITY LIABILITY 1235196 ASSET RETIREMENT OBLIGATIONS 4489769 POST RETIREMENT BENEFITS 17208436 FEDERAL STUDENT LOAN FUNDS 2000764 OBLIGATIONS UNDER CAPITAL LEAS 692410 26802448 X INTENDED USES OF ENDOWMENT FUNDS SCHEDULE D, PART V, LINE 4 THE INTENDED USE OF DREW UNIVERSITY ENDOWMENT FUNDS IS PRINCIPALLY TO ACCOMPLISH THE FOLLOWING: ENDOWMENT FUNDS ARE TO BE HELD IN PERPETUITY AND TO PROVIDE FOR THE GENERATION OF INVESTMENT INCOME THROUGH STRATEGIC INVESTING AS APPROVED BY THE BOARD OF TRUSTEES INVESTMENT COMMITTEE. THIS INVESTMENT INCOME IS USED TO PROVIDE SUPPORT OF THE UNIVERSITY'S EDUCATION MISSION STATEMENT AS DESCRIBED ON PAGE TWO, PART III OF FORM 990, COMMENSURATE WITH THE DONOR AND BOARD SPECIFIC INSTRUCTIONS ON HOW THE FUNDS ARE TO BE USED. FIN 48 SCHEDULE D, PART X, line 2 DREW UNIVERSITY AND ITS WHOLLY OWNED SUBSIDIARY, UHP, ARE EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. CBCA IS EXEMPT UNDER THE NEW JERSEY NONPROFIT CORPORATION ACT, TITLE 15A OF THE NEW JERSEY STATUSES ANNOTATED. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN REFLECTED IN THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS. THERE ARE CERTAIN TRANSACTIONS THAT COULD BE DEEMED UNRELATED BUSINESS INCOME AND WOULD RESULT IN A TAX LIABILITY. MANAGEMENT REVIEWS TRANSACTIONS TO ESTIMATE POTENTIAL TAX LIABILITIES USING A THRESHOLD OF MORE LIKELY THAN NOT. IT IS MANAGEMENT'S ESTIMATION THAT THERE ARE NO MATERIAL TAX LIABILITIES THAT NEED TO BE RECORDED. true true true true true true true false false false false false false false false true false true RACIAL NONDISCRIMINATORY POLICY SCHEDULE E, QUESTION 3 THE UNIVERSITY HAS PUBLICIZED ITS NON-DISCRIMINATORY POLICY THOUGH RECRUITING MATERIALS SENT TO STUDENTS. THE UNIVERSITY'S AFFIRMATIVE ACTION/EEO POLICY IS AS FOLLOWS: DREW UNIVERSITY IS COMMITTED TO SEEKING ACADEMIC EXCELLENCE WHILE STRIVING CONTINUOUSLY TO BE A WELCOMING, DIVERSE, AND SOCIALLY JUST CAMPUS. WE ASPIRE TO PROVIDE AN EDUCATION THAT IN CONTENT SCOPE AND PEDAGOGY EMBRACES DIFFERENCE AND PROMOTES RESPECT THAT EXTENDS BEYOND THE CLASSROOM TO ALL UNIVERSITY SPACES AND TO LOCAL AND GLOBAL COMMUNITIES. DIVERSITY ENCOMPASSES MULTIPLE DIMENSIONS, INCLUDING, BUT NOT LIMITED TO, RACE, CULTURE, NATIONALITY, ETHNICITY, GEOGRAPHIC ORIGIN, CLASS, SEXUAL ORIENTATION, GENDER, DISABILITIES, AGE AND RELIGION. OUR INTENT IS TO ACHIEVE A LEARNING ENVIRONMENT IN WHICH STUDENTS, FACULTY, AND STAFF UNDERSTAND THE CHALLENGES, ACCOMPLISHMENTS, AND PERSPECTIVES OF VARIOUS GROUPS OF PEOPLE, THUS GAINING A FULLER UNDERSTANDING OF THEMSELVES AS WELL AS HOW TO ENGAGE IN CONVERSATION SPANNING DIFFERENCES AND COMMONALITIES. ACHIEVING THIS VISION IS A FUNDAMENTAL COMMITMENT CRITICAL TO DREW UNIVERSITY'S MISSION AS AN INSTITUTION OF HIGHER LEARNING. GOVERNMENT ASSISTANCE SCHEDULE E, QUESTION 6 THE UNIVERSITY RECEIVED FUNDS FROM THE FEDERAL GOVERNMENT AND STATE OF NEW JERSEY IN THE FORM OF FEDERAL PELL GRANTS, FEDERAL WORK STUDY PROGRAMS, AND FEDERAL DIRECT LOAN PROGRAMS (ALL OF WHICH FALL UNDER STUDENT ASSISTANCE.) ADDITIONALLY, THE UNIVERSITY RECEIVED FUNDS FROM VARIOUS RESEARCH AND DEVELOPMENT FUNDS SUCH AS NATIONAL SCIENCE FOUNDATION, NATIONAL AERONAUTICS AND SPACE ADMINISTRATION AND DEPARTMENT OF HEALTH AND HUMAN SERVICES. Central America and the Caribbean Investments 55085578 55085578 55085578 true false true true true true GREEN GOLF 106186 52436 53750 30000 27803 2117 CRCC GALA 57575 48375 9200 9935 12162 2000 11326 0 163761 100811 62950 39935 39965 2000 13443 95343 -32393 true SCHOLARSHIP & FINANCIAL AID 1699 33252950 ENDOWED SCHOLARSHIPS 174 2767525 MONITORING THE USE OF GRANTS SCHEDULE I, PART I, LINE 2 FOR THE PERIOD JULY 1, 2014 THROUGH JUNE 30, 2015, DREW UNIVERSITY GRANTED FUNDS TO STUDENTS IN THE FORM OF SCHOLARSHIPS, FELLOWSHIPS, STUDENT LOANS AS WELL AS OTHER FINANCIAL AID. FINANCIAL AID IS GRANTED TO STUDENTS BASED ON ELIGIBILITY GUIDELINES AS DEFINED BY THE FEDERAL DEPARTMENT OF EDUCATION AS WELL AS THE STATE OF NEW JERSEY. IF A STUDENT IS NOT ELIGIBLE TO RECEIVE FEDERAL OR STATE BASED FINANCIAL AID, THE AID WILL NOT BE APPLIED TO THE STUDENT'S ACCOUNT. IN ADDITION, DREW UNIVERSITY GRANTS FUNDS TO STUDENTS IN THE FORM OF INSTITUTIONAL AID BASED ON MERIT AND NEED CRITERIA. X true true X X X false false false false false false false false false KENNETH ALEXO VP ADVANCEMENT 214514 0 0 0 1188 0 16800 0 19647 0 252149 0 0 0 WILLIAM BROWN DIRECTOR OF LEGAL AFFAIRS 145000 0 0 0 747 0 11400 0 491 0 157638 0 0 0 JASON FEIN DIRECTOR OF ATHLETICS 123737 0 0 0 0 0 10800 0 21201 0 155738 0 0 0 MICHAEL GROENER CFO & VP FINANCE 201323 0 0 0 14121 0 16800 0 19008 0 251252 0 0 0 MARGARET HOWARD VP OF ADMINISTRATION 209810 0 0 0 17401 0 16885 0 5173 0 249269 0 0 0 JOSEPH KELLY AVP FINANCE/TREASURER 163369 0 0 0 747 0 13345 0 9380 0 186841 0 0 0 MICHAEL KOPAS AVP FAC & OPERATIONS 124895 0 0 0 3663 0 10768 0 22579 0 161905 0 0 0 MARK KOPENSKI VP ENROLLMENT MANAGEMENT 182498 0 0 0 6455 0 15200 0 39965 0 244118 0 0 0 ROBERT READY DEAN GRAD SCHOOL 144674 0 0 0 4391 0 12080 0 12329 0 173474 0 0 0 CHRISTOPHER TAYLOR INTERIM DEAN OF CLA 144843 0 0 0 728 0 11951 0 23761 0 181283 0 0 0 SARA WALDRON INTERIM VP STU. LIFE 207686 0 0 0 0 0 16800 0 8011 0 232497 0 0 0 MARYANN BAENNINGER PRESIDENT BEG. 7/21/14 204575 0 0 0 0 0 15276 0 45074 0 264925 0 0 0 VIVIAN BULL PRESIDENT THROUGH 7/18/14 130583 0 0 0 33076 0 9473 0 4511 0 177643 0 0 0 UNIVERSITY HOUSING AND AUTOMOBILE ALLOWANCES FORM 990, SCHEDULE J, PART I, QUESTION 1 HOUSING ALLOWANCE IS INCLUDED AS PART OF THE FOLLOWING EMPLOYEES CONDITION OF EMPLOYMENT, WHERE THE DUTIES AND RESPONSIBILITIES OF THESE EMPLOYEES REQUIRE THEIR SERVICES ON A TWENTY FOUR HOUR BASIS THROUGHOUT THE YEAR, THE UNIVERSITY PROVIDES NONTAXABLE CAMPUS HOUSING TO THEM TO ACCOMPLISH THEIR REQUIRED AND CONTINUOUS DUTIES AND RESPONSIBILITIES ON CAMPUS. ADDITIONALLY, CERTAIN MINISTERS RECEIVE A NONTAXABLE HOUSING BENEFIT. AMOUNTS ARE INCLUDED ON SCHEDULE J, PART II, COLUMN (D), AS APPLICABLE. *VIRGINIA SAMUEL CETUK THE FOLLOWING EMPLOYEES ARE PROVIDED CAMPUS HOUSING BUT IS NOT A CONDITION OF THEIR EMPLOYMENT, AND THEREFORE IT IS INCLUDED IN TAXABLE INCOME AND REPORTED ON SCHEDULE J, PART II, COLUMN (B)(III), AS APPLICABLE: *MICHAEL GROENER *JAVIER VIERA *MICHAEL KOPAS AUTOMOBILE ALLOWANCE THE AUTOMOBILE ALLOWANCE FOR THE FOLLOWING EMPLOYEES IS PART OF THEIR COMPENSATION AGREEMENT AND IS REFLECTED IN AS PART OF TAXABLE INCOME AND INCLUDED AS TAXABLE INCOME ON THEIR FORM W-2, BOX 1,3 AND 5: *MARGARET HOWARD *MARK KOPENSKI A NJ EDU FAC AUTH DREW 2003 SERIES C 221829511 64605LDZ8 2003-05-29 22872229 CAPITAL IMPROVEMENTS true false false B NJ EDU FAC AUTH DREW 2007 SERIES D 221829511 646065CWO 2007-04-12 30557236 ADVANCE REFUNDING & NEW MONEY 1998 true false false C NJ EDU FAC AUTH DREW 2008 SERIES B 221829511 646065CE0 2008-04-04 11353764 CURRENT REFUNDING 1998 false false false D NJ EDU FAC AUTH DREW 2008 SERIES I 221829511 2011-06-27 12000000 CAPITAL IMPROVEMENTS false false false A 5225000 2390000 23666739 1544395 843950 0 391128 269853 71738 21180000 0 0 2006 false false true true B 2215000 1265000 32316540 464227 1454477 0 436514 353000 0 27435648 4858329 683932 2015 false true true true C 7465000 0 0 11467918 0 0 142730 85000 0 0 11240188 497691 1998 true false true true D 5738013 0 12000000 0 0 0 46000 0 0 11954000 0 0 2015 false false true true A false false true true false 0 false false false false B false false true true false 0 false false false false C 0 D false false true true false false 0 false false false false A true false false 0 false 0 true false B false false false true false false 0 false 0 true false C false false false true false false 0 false 0 false false D false false false true true false 0 false 0 false false A false B false C false D false SCHEDULE K, PART I, COLUMN I POOLED FINANCING ISSUE IN JANUARY 2014, NEW JERSEY EDUCATIONAL FACILITIES AUTHORITY ISSUED "HIGHER EDUCATION EQUIPMENT LEASING FUND PROGRAM ISSUE, SERIES 2014B." THE ISSUE PRICE WAS $8,131,497, AND DREW UNIVERSITY'S PORTION OF THE ISSUE WAS $703,754. IN APRIL 2014, NEW JERSEY EDUCATIONAL FACILITIES AUTHORITY ISSUED "REVENUE BONDS, HIGHED ED. CAPITAL IMPROVEMENT FUND ISSUE, SERIES 2014B." THE ISSUE PRICE WAS $19,369,367, AND DREW UNIVERSITY'S PORTION OF THE ISSUE WAS $3,220,487. Schedule K, part II, Column B, Line 3 NJ EDU FAC AUTH DREW 2010 C1, C2, C3,- Line 3 differs from Part 1 as a result of accrued interest. SCHEDULE K, PART II, COLUMN C, LINE 12 OTHER UNSPENT PROCEEDS: BOND ISSUE B - $497,691 IS SHOWN FOR THE 2008 B BONDS, BUT RELATES TO BOTH 2007 AND 2008. THE ACTUAL ALLOCATION BETWEEN THE two ISSUES IS UNDETERMINED AT THIS POINT. SCHEDULE K, PART II, LINE 17 FINAL ALLOCATION HAS NOT BEEN MADE FOR THE FOLLOWING: NJ EDU FAC AUTH DREW 2010 C1, C2, C3,; NJ EDU FAC AUTH ELF SERIES 2014 B; NJ EDU FAC AUTH CIF SERIES 2014 B. SCHEDULE K, PART III, LINE 9 WRITTEN PROCEDURES CURRENTLY, THERE ARE NO WRITTEN PROCEDURES IN PLACE; HOWEVER, THE ORGANIZATION HAS POST ISSUANCE COMPLIANCE PROCEDURES. THE ORGANIZATION IS CURRENTLY IN THE PROCESS OF IMPLEMENTING WRITTEN PROCEDURES TO COMPLY WITH IRS REGULATIONS. SCHEDULE K, PART IV, LINE 2C ARBITRAGE REBATE CALCULATION AN ARBITRAGE REBATE CALCULATION WAS COMPLETED DURING FISCAL YEAR 2013 FOR THE FOLLOWING BOND ISSUES: 2007 SERIES D, 2008 SERIES B, 2008 SERIES I, AND 2010 SERIES C1, C2, C3. SCHEDULE K, PART IV, LINE 7 WRITTEN PROCEDURES CURRENTLY, THERE ARE NO WRITTEN PROCEDURES IN PLACE; HOWEVER, THE ORGANIZATION HAS POST ISSUANCE COMPLIANCE PROCEDURES. THE ORGANIZATION IS CURRENTLY IN THE PROCESS OF IMPLEMENTING WRITTEN PROCEDURES TO COMPLY WITH IRS REGULATIONS. SCHEDULE K, PART V WRITTEN PROCEDURES CURRENTLY, THERE ARE NO WRITTEN PROCEDURES IN PLACE; HOWEVER, THE ORGANIZATION HAS POST ISSUANCE COMPLIANCE PROCEDURES. THE ORGANIZATION IS CURRENTLY IN THE PROCESS OF IMPLEMENTING WRITTEN PROCEDURES TO COMPLY WITH IRS REGULATIONS. A NJ EDU FAC AUTH DREW 2010 C1 C2 C3 221829511 2010-11-15 15580000 ADVANCE REFUNDING AND NEW MONEY false false false B NJ EDU FAC AUTH ELF SERIES 2014 B 221829511 6460658j4 2014-01-30 8131497 NEW MONEY-CAPITAL EXPENDITURES false false true C NJ EDU FAC AUTH CIF SERIES 2014 B 221829511 646066dg2 2014-04-29 19369367 ADVANCE REFUNDING OF 2004 BOND false false true A 150000 0 16286213 0 0 1282726 164624 0 0 11500000 3915376 0 false true false false B 11754 0 703754 0 0 0 4773 0 0 537004 0 161977 false false false false C 0 0 3220487 0 0 0 18845 0 0 3201642 0 0 false true false false A false false true true false 0 false false false false B false false false false 0 false false false false C false false false false 0 false false false false A false false false true true false 0 false 0 false false B false true false false 0 false 0 false false C false true false false 0 false 0 false false A false B false C false John S Norton See Part V 13295 Compensation false Form 990, Schedule L, Part IV Interested Persons Suzanne MERTZ Spero is a university trustee and her brother-in-law is a university employee. X 32 757676 FMV X VARIOUS 3 45596 FMV false true false NUMBER OF CONTRIBUTIONS FORM 990, SCH M, PART I, COLUMN (B) THE AMOUNT IN COLUMN (B) REPRESENTS THE NUMBER OF CONTRIBUTIONS. GIFT ACCEPTANCE POLICY FORM 990, SCH M, PART I, LINE 31 DREW UNIVERSITY HAS A GIFT ACCEPTANCE POLICY IN PLACE. THE POLICY REQUIRES THE REVIEW OF ANY NON-STANDARD CONTRIBUTIONS. MISSION STATEMENT FORM 990, PART III, LINE 1 DREW UNIVERSITY'S MISSION IS TO OFFER ITS DIVERSE COMMUNITY OF LEARNERS A CHALLENGING AND INDIVIDUALIZED EDUCATION SHAPED BY A DEEP-ROOTED CULTURE OF MENTORING, THOUGHTFUL ENGAGEMENT WITH THE WORLD BEYOND ITS CAMPUS, AND A STEADFAST COMMITMENT TO LIFELONG CULTIVATION OF THE WHOLE PERSON. THROUGH ITS DISTINCTIVE EMPHASIS ON THE RECIPROCITY OF KNOWLEDGE, EXPERIENCE, AND SERVICE, DREW PREPARES ITS STUDENTS TO FLOURISH BOTH PERSONALLY AND PROFESSIONALLY AS THEY ADD TO THE WORLD'S GOOD BY RESPONDING TO THE URGENT CHALLENGES OF OUR TIME WITH RIGOROUS, INDEPENDENT, AND IMAGINATIVE THOUGHT. EXEMPT PURPOSE ACHIEVEMENTS FORM 990, PART III Consisting of the College of Liberal Arts, the Drew Theological School and the Caspersen School of Graduate Studies, Drew University has a total enrollment of approximately 2,370 students. (1,580 in the College of Liberal Arts, 350 in the Caspersen School and 440 in the Theological School.) The Theological and Caspersen schools offer degrees at the M.A. and Ph.D. levels, while the College annually confers B.A. degrees in 30 different disciplines. EXEMPT PURPOSE ACHIEVEMENTS FORM 990, PART III, QUESTION 4B DREW NURTURES CHRISTIAN PRACTICES THROUGH VITAL PARTNERSHIP WITH LOCAL CHURCHES AND INTERNATIONAL NETWORKS OF EDUCATION. TRANS-DISCIPLINARY INTERPRETATION OF TEXT, TRADITION, AND EXPERIENCE ENERGIZES ITS SCHOLARLY VIGOR. DREW ENGENDERS THEOLOGIES RESPONSIBLE TO THE COMPLEX REALITIES OF AN INTERCONNECTED WORLD. INTO THAT WORLD DREW SENDS PASTORS, PREACHERS AND PROPHETS, DEACONS, ACTIVISTS, AND TEACHERS. EXEMPT PURPOSE ACHIEVEMENTS FORM 990, PART III, QUESTION 4C THIS MISSION CONTINUES TO DISTINGUISH THE CASPERSEN SCHOOL AMONG INSTITUTIONS WITH DOCTORAL PROGRAMS IN THE HUMANITIES. OUR INTENT IS TO TRAIN PERSONS WHO ARE PROPERLY PREPARED NOT ONLY IN SPECIFIC RECOGNIZED FIELDS BUT ALSO IN INTERDISCIPLINARY DIALOGUE. WE CELEBRATE THE JOY OF LEARNING AS WE PREPARE ABLE, WELL INFORMED GRADUATES WHO PURSUE CAREERS IN HIGHER EDUCATION, IN THE RELIGIOUS AND MEDICAL COMMUNITIES, AND IN THE BROADER INTELLECTUAL WORLD. AS SUCH, WE ARE WELL POSITIONED TO MEET THE INCREASING CALL FOR INTERDISCIPLINARY APPROACHES BOTH IN THE ACADEMY AND IN THE WIDER WORLD. INTEGRAL TO OUR MISSION IS ENCOURAGING OUR FACULTY AND STUDENTS ALIKE TO PURSUE CREATIVE RESEARCH IN THE HUMANITIES AND TO MAKE THE RESULTS OF THEIR WORK AVAILABLE THROUGH TEACHING, PARTICIPATION IN SCHOLARLY MEETINGS, VARIOUS FORMS OF PUBLICATION AND INTELLECTUAL DISCOURSE. TO THAT END WE CONTINUE TO EXPLORE NEW POSSIBILITIES OF ENHANCING INTERDISCIPLINARY STUDIES IN THE HUMANITIES. EXEMPT PURPOSE ACHIEVEMENTS FORM 990, PART III, QUESTION 4D AMOUNTS LISTED ON LINE 4D REPRESENT EXPENSES AND REVENUES RELATED TO OTHER PROGRAMS WHICH FURTHER THE ORGANIZATION'S EXEMPT PURPOSE. OTHER PROGRAM EXPENSES REFLECT EDUCATIONAL PROGRAM EXPENSES NOT DIRECTLY RELATED TO ONE OF THE OF THE SCHOOLS DESCRIBED ABOVE. IT INCLUDES AN ALLOCATED METHOD OF PROGRAM, AUXILIARY, AND STUDENT SERVICE EXPENSES. OTHER PROGRAM ACTIVITIES ALSO INCLUDE EXPENSES AND REVENUES FROM THE UNIVERSITY'S CONTINUING EDUCATION AND SUMMER PROGRAMS. DONOR ACKNOWLEDGEMENT FORM 990, PART V, QUESTION 7B DREW UNIVERSITY NOTIFIES THE DONOR OF THE BREAKOUT BETWEEN ANY GOODS AND SERVICES RECEIVED AND THEIR DONATION AMOUNT. IF NO GOODS AND SERVICE WERE RECEIVED, WE THEN NOTIFY THE DONOR OF THAT TOO. 990 REVIEW POLICY FORM 990, PART VI, QUESTION 11B ALL MEMBERS OF THE BOARD OF TRUSTEES WERE PROVIDED WITH A COPY OF FORM 990 VIA THE TRUSTEE WEB-SITE PRIOR TO ITS FILING WITH THE IRS. CONFLICT OF INTEREST POLICY FORM 990, PART VI, QUESTION 12C ALL DECISIONS OF THE BOARD OF TRUSTEES, OFFICERS AND EMPLOYEES OF DREW UNIVERSITY ARE TO BE MADE SOLELY ON THE BASIS OF A DESIRE TO PROMOTE THE BEST INTERESTS OF THE UNIVERSITY. IT IS THEREFORE THE POLICY OF THE BOARD AND THE UNIVERSITY: 1. THAT ALL ACTIVITIES OR BEHAVIOR WHICH CONFLICT WITH THE BEST INTERESTS OF THE UNIVERSITY ARE PROHIBITED. THIS COULD INCLUDE BUT WOULD NOT BE LIMITED TO: A) USE OF UNIVERSITY RESOURCES. FOR A UNIVERSITY TRUSTEE, OFFICER OR EMPLOYEE TO MAKE IMPROPER USE OF ANY UNIVERSITY RESOURCES, INCLUDING THE SERVICES OF UNIVERSITY EMPLOYEES, FOR HIS OR HER OWN PERSONAL BENEFIT. B) COMPLIANCE WITH RULES. FOR A UNIVERSITY TRUSTEE, OFFICER, OR EMPLOYEE TO FAIL TO COMPLY WITH THE UNIVERSITY'S DULY ESTABLISHED RULES, REGULATIONS OR STANDARDS OF PERSONAL BEHAVIOR. C) DISCLOSURE OF CONFIDENTIAL INFORMATION. FOR A UNIVERSITY TRUSTEE, OFFICER, OR EMPLOYEE, WITHOUT PROPER AUTHORITY, TO GIVE OR RELEASE TO ANYONE NOT AUTHORIZED TO RECEIVE SUCH INFORMATION, ANY DATA OF A CONFIDENTIAL NATURE SECURED THROUGH HIS OR HER RELATIONSHIP TO THE UNIVERSITY. D) ACCEPTANCE OF GIFTS. FOR A UNIVERSITY TRUSTEE, OFFICER OR EMPLOYEE, OR ANY DEPENDENT MEMBER OF HIS OR HER IMMEDIATE FAMILY TO ACCEPT FROM ANY ORGANIZATION OR PERSON THAT THEY KNOW TO BE DOING OR SEEKING TO DO BUSINESS WITH THE UNIVERSITY, A LOAN OR A GIFT OR FAVOR OF MORE THAN NOMINAL VALUE. THIS PARAGRAPH SHALL NOT BE DEEMED TO PROHIBIT LOANS MADE IN THE NORMAL COURSE OF BUSINESS WITH THE TERMS STANDARD FOR SUCH LOANS FROM BANKS OR FINANCIAL INSTITUTIONS THAT MAY HAVE OR EXPECT TO HAVE RELATIONS WITH THE UNIVERSITY. E) COMPETITION WITH THE UNIVERSITY. FOR A UNIVERSITY TRUSTEE OR OFFICER, DIRECTLY OR THROUGH A CORPORATION IN WHICH HE OR SHE HAS A SUBSTANTIAL INTEREST, TO ENGAGE IN FOR REMUNERATION ANY OTHER ACTIVITY WHICH IS IN DIRECT COMPETITION WITH THE UNIVERSITY, EXCEPT WITH THE KNOWLEDGE AND WRITTEN CONSENT OF THE PRESIDENT OR THE PRESIDENT'S DESIGNEE. IF THE ACTIVITY IS THAT OF THE PRESIDENT SUCH CONSENT MUST BE GIVEN BY THE CHAIR OF THE BOARD. 2. THAT, IN THE EVENT THAT THE BOARD OR A UNIVERSITY OFFICER SHALL BE CALLED UPON TO CONSIDER A TRANSACTION INVOLVING THE UNIVERSITY AND (I) A MEMBER OF THE BOARD OR ANY OFFICER OF THE UNIVERSITY (OR A MEMBER OF HIS OR HER IMMEDIATE FAMILY), OR (II) AN ORGANIZATION WITH WHICH A MEMBER OF THE BOARD OR ANY OFFICER OF THE UNIVERSITY IS "AFFILIATED," SUCH TRUSTEE OR OFFICER, AS SOON AS HE OR SHE HAS KNOWLEDGE OF THE TRANSACTION, SHALL: (A) DISCLOSE FULLY THE PRECISE NATURE OF HIS OR HER INTEREST OR INVOLVEMENT IN SUCH TRANSACTION AND/OR SUCH ORGANIZATION; AND (B) REFRAIN FROM PARTICIPATION IN THE UNIVERSITY'S CONSIDERATION OF THE PROPOSED TRANSACTION. FOR THE PURPOSES OF THIS CONFLICT-OF-INTEREST POLICY, A TRUSTEE OR OFFICER IS "AFFILIATED" WITH ANY ORGANIZATION OF WHICH HE OR SHE (OR A MEMBER OF HIS OR HER IMMEDIATE FAMILY) IS AN EMPLOYEE, GENERAL PARTNER, MEMBER OF THE BOARD OF DIRECTORS, TRUSTEE, OR IN WHICH HE OR SHE (OR A MEMBER OF HIS OR HER IMMEDIATE FAMILY) OWNS 10% OR MORE OF THE OUTSTANDING STOCK. 3. THAT THE FOLLOWING PERSONS DISCLOSE TO THE UNIVERSITY ON A CONTINUING BASIS ALL THEIR RELATIONSHIPS AND BUSINESS AFFILIATIONS THAT REASONABLY COULD GIVE RISE TO A CONFLICT OF INTEREST, OR THE APPEARANCE OF A CONFLICT OF INTEREST, INVOLVING THE UNIVERSITY: THE TRUSTEES (INCLUDING THE PRESIDENT); THE VICE PRESIDENTS OF THE UNIVERSITY; THE DEANS; AND SUCH OTHER OFFICERS AS THE PRESIDENT SHALL DESIGNATE AS BEING OFFICERS FROM WHOM, BECAUSE OF THEIR RESPECTIVE DUTIES AND RESPONSIBILITIES, THE UNIVERSITY SHOULD RECEIVE A CONTINUING DISCLOSURE OF SUCH OUTSIDE RELATIONSHIPS AND BUSINESS AFFILIATIONS. ALL DISCLOSURES REQUIRED TO BE MADE HEREUNDER MUST BE DIRECTED IN WRITING TO THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES WHICH SHALL HAVE, WITH THE ASSISTANCE OF THE VICE PRESIDENT OF ADMINISTRATION AND OF THE VICE PRESIDENT FOR FINANCE AND BUSINESS AFFAIRS, THE RESPONSIBILITY FOR MONITORING OF THIS POLICY, INCLUDING THE ADMINISTRATION AND ENFORCEMENT THEREOF. THE EXECUTIVE COMMITTEE SHALL BE ADVISED IMMEDIATELY OF ANY DISPUTES OR OTHER ISSUES ARISING OUT OF THE APPLICATION OF THIS POLICY SO THAT IT CAN DETERMINE WHAT, IF ANY, ACTION IS APPROPRIATE. OFFICER COMPENSATION REVIEW FORM 990, PART VI, QUESTION 15A & 15B COMPENSATION FOR THE PRESIDENT, OTHER OFFICERS AND KEY EMPLOYEES IS DETERMINED BY THE DREW BOARD OF TRUSTEES ON THE RECOMMENDATION OF THE BOARD'S EXECUTIVE COMPENSATION COMMITTEE. NO INDIVIDUALS WITH A CONFLICT OF INTEREST MAY BE INVOLVED IN THE COMPENSATION DETERMINATION PROCESS. COMPARABILITY DATA FOR SIMILARLY QUALIFIED PERSONS IN FUNCTIONALLY COMPARABLE POSITIONS AT SIMILAR ORGANIZATIONS IS PREPARED BY THE ORGANIZATION AND REVIEWED BY THE BOARD'S EXECUTIVE COMPENSATION COMMITTEE. THE MINUTES OF THE BOARD OF TRUSTEES AND ITS EXECUTIVE COMPENSATION COMMITTEE DOCUMENT THE BOARD'S AND COMMITTEE'S DELIBERATIONS AND DECISIONS REGARDING COMPENSATION. COMPENSATION REVIEWS TAKE PLACE IN MAY OF EACH YEAR. THE MOST RECENT COMPENSATION REVIEW WAS IN MAY 2015. THE BENCHMARK DATA IS DERIVED FROM A CUSTOM REPORT PROVIDED BY THE COLLEGE AND UNIVERSITY PERSONNEL ASSOCIATION {CUPA). THE UNIVERSITY MAINTAINS A LIST OF ABOUT 68 INSTITUTIONS THAT ARE SIMILAR TO DREW IN SIZE, SCOPE AND OPERATING BUDGET. MEAN AND MEDIAN SALARIES FOR POSITIONS THAT ARE COMPARABLE TO DREW'S ADMINISTRATIVE OFFICERS ARE DERIVED FROM THE DATA PROVIDED BY CUPA AND TO DETERMINE THE BENCHMARK. THE BENCHMARK IS USED BY THE COMMITTEE TO DETERMINE THE APPROPRIATENESS OF CURRENT SALARIES, SALARY INCREASES AND SALARIES OF NEW EXECUTIVE HIRES. DOCUMENT REVIEW POLICY FORM 990, PART VI, QUESTION 19 DREW UNIVERSITY MAKES ITS GOVERNING DOCUMENTS, FORM 990 AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. UNIVERSITY PRESIDENT FORM 990, PART VII DR. MARYANN BAENNINGER BEGAN WORKING AS THE UNIVERSITY'S PRESIDENT IN JULY 2014. DR. BAENNINGER SUCCEEDS DR. VIVIAN A. BULL WHO SERVED AS INTERIM PRESIDENT FROM JULY 2012 TO JULY 2014. OTHER CHANGES IN NET ASSETS FORM 990, PART XI, LINE 9 OTHER CHANGES CHANGE IN FAIR VALUE OF TRUSTS, POOLED INCOME FUNDS AND GIFT ANNUITIES..............................................(756,787) PENSION - RELATED CHARGES OTHER THAN NET PERIODIC PENSION COST......................................................(3,114,276) ------------ TOTAL.....................................................(3,871,063) University Housing Project Corporation 36 Madison Ave Madison NJ 07940 222970182 DVLPM HOUSING NJ 501(C)(3) 11a Drew Univer true Copper Beech Condominium Association CBC 36 Madison Ave Madison NJ 07940 223094649 Real estate NJ UNIV HSNG PRJCT Condo Assoc. 96787 329371 0.57810 true Charitable Remainder Trust (2) TRUST NJ NA true true false false true false false false false false false false false false false true false false UNIVERSITY HOUSING PROJECT CORPORATION A 190879 COST COPPER BEACH CONDOMINIUM ASSOCIATION D 71225 COST UNIVERSITY HOUSING PROJECT CORPORATION Q 404334 COST COPPER BEECH CONDOMINIUM ASSOCIATION Q 188160 COST