2016-05-13T14:04:37-05:00 2015-06-30 410746749 CLIFTONLARSONALLEN LLP 610 W GERMANTOWN PIKE STE 400 PLYMOUTH MEETING PA 19462 990 2014-07-01 231386178 WIDENER UNIVERSITY WIDE 6104994396 ONE UNIVERSITY PLACE CHESTER PA 19013 JOSEPH J BAKER SRVP FINANCE & ADMINSTRATION 6104994396 2016-05-11 1 KAREN GRIES P00078514 2156433900 2014 2016-08-17 19:52:53Z JOSEPH J BAKER ONE UNIVERSITY PLACE CHESTER PA 19013 239866268 0 X WWW.WIDENER.EDU X 1821 PA SEE SCHEDULE O FOR COMPLETE MISSION STATEMENT. 26 24 3129 50 -71022 -76165 12055811 6788333 196202814 196585501 1413581 947279 1791510 2471032 211463716 206792145 55653932 61477981 0 0 97029676 99010554 0 0 3827994 54941182 50898221 207624790 211386756 3838926 -4594611 361946091 362724611 168893860 174506461 193052231 188218150 X SEE SCHEDULE O FOR COMPLETE MISSION STATEMENT. 0 0 134341673 61477981 175404421 INSTRUCTIONAL/GRANTS - EXPENSES INCURRED WITH THE ACADEMIC INSTRUCTION OF OUR STUDENT BODY AS WELL AS GRANTS TO STUDENTS. THE UNIVERSITY COMPRISES EIGHT SCHOOLS AND COLLEGES THAT OFFER LIBERAL ARTS AND SCIENCES, PROFESSIONAL, AND PREPROFESSIONAL CURRICULA. A METROPOLITAN TEACHING INSTITUTION, THE UNIVERSITY IS A FOUR CAMPUS UNIVERSITY OFFERING 147 PROGRAMS OF STUDY LEADING TO ONE OF 62 ASSOCIATE, BACHELORS, MASTERS, OR DOCTORAL DEGREES. IN THE FALL SEMESTER OF 2014, THE UNIVERSITY HAD ENROLLED A TOTAL OF 5,985 STUDENTS COMPRISED OF 3,437 UNDERGRADUATE, 1,647 GRADUATE, AND 901 SCHOOL OF LAW STUDENTS. 16337973 300405 ACADEMIC SUPPORT - EXPENSES INCURRED TO SUPPORT THE LIBRARY AND ACADEMIC ADMINISTRATION, INCLUDING PROVOST, DEANS, AND FACULTY DEVELOPMENT. 16313584 717622 STUDENT SERVICES - EXPENSES INCURRED FOR PROGRAMS THAT SERVICE WIDENER'S STUDENT BODY, SUCH AS ATHLETICS, STUDENT ORGANIZATIONS, CAREER PLACEMENT, STUDENT HEALTH, AND STUDENT COUNSELING. IN ADDITION, THIS INCLUDES DEPARTMENTS THAT SUPPORT STUDENT ADMISSIONS, FINANCIAL AID, THE BURSAR, AND REGISTRAR. 20101592 19891125 AUXILIARY SERVICES - EXPENSES INCURRED PRIMARILY FOR HOUSING AND FEEDING ON AVERAGE OF 1,600 STUDENTS PER SEMESTER, AS WELL AS OPERATING THE CAMPUS BOOKSTORE. 20101592 19891125 187094822 1 1 0 1 0 0 0 1 0 1 1 0 0 0 1 1 1 0 1 0 1 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 1 0 1 1 1 0 0 0 0 1 1 1 0 0 1 319 0 1 3129 1 1 1 0 0 0 0 1 1 0 0 0 0 X 26 24 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 PA X X JOSEPH J BAKER 6104994156 ONE UNIVERSITY PLACE CHESTER PA 19013 JAMES T HARRIS PRESIDENT 60.00 0.30 X X 466306 0 354933 JOHN H TILELLI JR CHAIRMAN OF THE BOARD 2.00 0.00 X X 0 0 0 PAUL BEIDEMAN VICE CHAIR OF THE BOARD 2.00 0.00 X X 0 0 0 JAMES MACK III TREASURER OF THE BOARD 2.00 0.00 X X 0 0 0 EUGENE MCGURK JR SECRETARY OF THE BOARD 2.00 0.00 X X 0 0 0 JESSICA BORDERS TRUSTEE 2.00 0.00 X 0 0 0 THOMAS BOWN II TRUSTEE 2.00 0.00 X 0 0 0 ANTHONY BRITTON JR TRUSTEE 2.00 0.00 X 0 0 0 LESLIE A BRUN TRUSTEE 2.00 0.00 X 0 0 0 LEANNE CARET TRUSTEE 2.00 0.00 X 0 0 0 BARBARA CHAMBERLAIN TRUSTEE 2.00 0.00 X 0 0 0 JEFFERY FLYNN TRUSTEE 2.00 0.00 X 0 0 0 JAMES HARGADON TRUSTEE 2.00 0.00 X 0 0 0 IRA HARKAVY TRUSTEE 2.00 0.00 X 0 0 0 DANIEL HARTNEY TRUSTEE 2.00 0.00 X 0 0 0 JAMES HIRSCHMANN III TRUSTEE 2.00 0.00 X 0 0 0 ANTOINETTE LEATHERBERRY TRUSTEE 2.00 0.00 X 0 0 0 KATHLEEN MCNICHOLAS TRUSTEE 2.00 0.00 X 0 0 0 DAVID OSKIN TRUSTEE 2.00 0.00 X 0 0 0 MIGUEL PENA TRUSTEE 2.00 0.00 X 0 0 0 CATHERINE PULOS TRUSTEE 2.00 0.00 X 0 0 0 THOMAS SAGER TRUSTEE 2.00 0.00 X 0 0 0 CYNTHIA SARNOSKI TRUSTEE 2.00 0.00 X 0 0 0 SUZANNE SEARS TRUSTEE 2.00 0.00 X 0 0 0 RONALD STEAD TRUSTEE 2.00 0.00 X 0 0 0 MIN SUH ESQ TRUSTEE 2.00 0.00 X 0 0 0 RICHARD TAN TRUSTEE 2.00 0.00 X 0 0 0 BRIAN TIERNEY TRUSTEE 2.00 0.00 X 0 0 0 VITO VERNI TRUSTEE 2.00 0.00 X 0 0 0 SOPHIA WISNIEWSKA TRUSTEE 2.00 0.00 X 0 0 0 PETER ZACHARKIW TRUSTEE 2.00 0.00 X 0 0 0 JOSEPH J BAKER SR VP FINANCE & ADMIN 60.00 1.30 X 313982 0 46824 STEVE WILHITE SR VP PROVOST 60.00 0.00 X 293805 0 84427 LINDA S DURANT SR VP ADVANCEMENT 60.00 0.00 X 264501 0 35834 LINDA L AMMONS DEAN SCHOOL OF LAW 60.00 0.00 X 311904 0 35917 ERIN DALY PROFESSOR OF LAW 40.00 0.00 X 230545 0 57864 J PATRICK KELLY PROFESSOR OF LAW 40.00 0.00 X 212653 0 0 ROBYN MEADOWS PROFESSOR OF LAW 40.00 0.00 X 227436 0 37690 MICHAEL SLINGER PROFESSOR OF LAW 40.00 0.00 X 211423 0 37104 SUK-CHUNG YOON SPECIAL ASST TO THE PRESIDENT 40.00 0.00 X 214778 0 13886 2747333 0 704479 189 0 1 0 ARAMARK SERVICES INC ONE UNIVERSITY PLACE CHESTER PA 19013 FOOD SERVICE 8652613 ARAMARK FACILITY SERVICES ONE UNIVERSITY PLACE CHESTER PA 19013 HOUSEKEEPING 2117478 IMC CONSTRUCTION 3 GREAT VALLEY PARKWAY MALVERN PA 19355 CONSTRUCTION 1914703 HARMELIN MEDIA 525 RIGHTERS FERRY ROAD BALA CYNWYD PA 19004 ADVERTISING 1097047 KIMMEL BOGRETTE ARCHITECTURE 151 EAST 10TH AVENUE SUITE 300 CONSHOHOCKEN PA 19428 CONTRACTORS 739251 25 94603 3054822 3638908 78666 6788333 TUITION/ FEES 611600 175172725 175172725 AUXILIARY ENTERPRISES 721310 19890484 19890484 FEES, PARKING, ETC 900099 1101088 1101088 INTEREST FEES ON LOANS 900099 272528 272528 FEES/CONTRACTS GOVERNMENT AGENCIE 900099 148676 148676 196585501 5905613 -71622 5977235 1347406 102088 1245318 1245318 1245318 27878819 32837153 -4958334 -4958334 -4958334 58528 94603 134882 -76354 -76354 MISCELLANEOUS 525990 1301468 1301468 WELLNESS CENTER 713940 600 600 1302068 206792145 196312973 -71022 3761861 61477981 61477981 2030215 2030215 70120402 62168968 5953321 1998113 5587296 4814323 618240 154733 16415093 14144153 1816346 454594 4857548 4185532 537493 134523 730982 730982 127920 127920 136100 136100 12311559 9884096 1964222 463241 2350185 499376 1567694 283115 2082749 1450562 519711 112476 3069588 742101 2323464 4023 4013715 4005879 -1775 9611 2122500 1929853 149201 43446 302947 217666 70687 14594 3124001 3124001 11418270 11418270 1083172 1083172 LIBRARY BOOKS & PERIODI 2193185 2193185 STUDENT, FACULTY & ALUM 1601120 1533590 48160 19370 LOSS ON EXTINGUISHMENT 1099206 1099206 FEES AND DUES 764884 459229 294749 10906 2366138 1762885 478004 125249 211386756 187094822 20463940 3827994 33044085 38611049 12417202 9036391 1680594 2623440 2053691 2613293 379890182 173726526 193773773 206163656 96832021 80061436 8061680 10056461 13311750 12724869 771295 834016 361946091 362724611 9858579 13298875 7142738 7057259 6131280 4945363 86227995 85343842 108154 83415 59425114 63777707 168893860 174506461 X 132754574 128688259 20785574 19438693 39512083 40091198 193052231 188218150 361946091 362724611 X -4594611 2449003 -2688473 X 0 1 X 1 1 1 X 12073661 8423442 8656584 12055811 6788333 47997831 12073661 8423442 8656584 12055811 6788333 47997831 459423 47538408 4672019 5258622 5186548 5526880 7324641 27968710 1036061 1184896 1379944 1159963 1301468 6062332 82028873 960331511 0.57950 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS INCOME RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 0 0 0 0 1 2015 2015 0 PART II-B, LINE 1: THE UNIVERSITY IS A MEMBER OF THE ASSOCIATION OF INDEPENDENT COLLEGES AND UNIVERSITIES OF PENNSYLVANIA (AICUP). THE ASSOCIATION IS THE ONLY STATEWIDE ORGANIZATION THAT SERVES EXCLUSIVELY THE INTERESTS OF PRIVATE HIGHER EDUCATION WITHIN THE COMMONWEALTH, AND EXISTS TO COMPLEMENT AND SUPPORT THE WORK OF CAMPUS LEADERS. THE FIGURE DISCLOSED ON PART II-B IS EQUAL TO THE PORTION OF DUES PAID BY WIDENER UNIVERSITY THAT WERE USED BY THE ASSOCIATION TO SUPPORT ATTEMPTS TO INFLUENCE LEGISLATION WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE ("LOBBYING"). X X X COMMUNITY ENRICHMENT 0 0 90212124 14790961 1252240 1019973 4669610 87246742 80790245 1255863 12738137 985516 3586605 90212124 72815005 3197551 9003383 758226 3467468 80790245 78927608 1076830 -3085387 799024 3305022 72815005 61283688 9461518 12047684 741734 3123548 78927608 0.49000 0.51000 0.00000 0 0 15771665 15771665 303155062 119897428 183257634 53697695 47967063 5730632 7265760 5862035 1403725 206163656 ACCRUED POST RETIREMENT BENEFITS 54657313 ASSET RETIREMENT OBLIGATION 3736368 OBLIGATIONS UNDER CAPITAL LEASE 1001617 INTEREST RATE SWAP LIABILITY 4382409 63777707 X 147834662 2449003 207595 2656598 145178064 136100 61477981 61614081 206792145 149980270 207595 207595 149772675 136100 61477981 61614081 211386756 PART III, LINE 1A: THE UNIVERSITY HAS ELECTED PURSUANT TO GENERALLY ACCEPTED ACCOUNTING STANDARDS NOT TO REPORT IN ITS REVENUE STATEMENT AND BALANCE SHEET WORKS OF ART. THE FOOTNOTE READS "THE UNIVERSITY HOUSES A COLLECTION OF AMERICAN PAINTINGS AND THE ALFRED O. DESHONG COLLECTION OF EUROPEAN PAINTINGS AND ORIENTAL ART OBJECTS AT THE WIDENER UNIVERSITY ART COLLECTION AND GALLERY THAT IT DOES NOT CAPITALIZE. THESE COLLECTIONS ADHERE TO THE UNIVERSITY'S POLICY TO (A) MAINTAIN THEM FOR PUBLIC EXHIBITION, EDUCATION, OR RESEARCH; AND (B) PROTECT, KEEP UNENCUMBERED, CARE FOR, AND PRESERVE THEM." PART III, LINE 4: LOCATED IN THE UNIVERSITY CENTER, THE WIDENER UNIVERSITY ART COLLECTION AND GALLERY HOUSES THE UNIVERSITY'S DIVERSE COLLECTION OF AMERICAN PAINTINGS AND ALFRED O. DESHONG COLLECTION OF EUROPEAN PAINTINGS AND ORIENTAL ART OBJECTS. IN ADDITION TO THE PERMANENT COLLECTION ON DISPLAY, ROTATING EXHIBITIONS OF CONTEMPORARY ART ARE HELD THROUGHOUT THE YEAR ALONG WITH RECEPTIONS TO MEET THE ARTISTS. THE ART MUSEUM PROVIDES NUMEROUS EDUCATIONAL OPPORTUNITIES TO OUR STUDENTS THROUGH ITS EXISTING COLLECTION AND DIVERSE ROTATING EXHIBITS AND SPECIAL SHOWINGS. IT ALSO PROVIDES CULTURAL ENRICHMENT TO THE FACULTY, STAFF AND SURROUNDING COMMUNITIES AS THE MUSEUM IS FREE AND OPEN TO THE PUBLIC. PART V, LINE 4: ENDOWMENT FUNDING SUPPORTS SCHOLARSHIPS, FACULTY DEVELOPMENT, CHAIRS, AWARDS, THE LIBRARY, AS WELL AS OTHER INITIATIVES. PART X, LINE 2: THE UNIVERSITY HAS BEEN RECOGNIZED BY THE INTERNAL REVENUE SERVICE AS A TAX-EXEMPT ORGANIZATION DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. AS SUCH, IT IS SUBJECT TO TAX ONLY ON INCOME FROM ACTIVITIES UNRELATED TO ITS TAX-EXEMPT MISSION. FOR THE YEARS ENDED JUNE 30, 2015 AND 2014, THE UNIVERSITY GENERATED NO SIGNIFICANT UNRELATED BUSINESS INCOME SUBJECT TO TAX, AND NO PROVISION FOR INCOME TAXES WAS PROVIDED. THE UNIVERSITY BELIEVES IT HAS TAKEN NO SIGNIFICANT UNCERTAIN TAX POSITIONS. PART XI, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSE 92,780. NET SPECIAL FUNDRAISING EXPENSE 114,815. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS 61,477,981. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSE 92,780. NET SPECIAL FUNDRAISING EXPENSE 114,815. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS 61,477,981. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 OUR POLICY IS PUBLISHED IN ALL CATALOGS, PRINTED MATERIALS AND RADIO ADVERTISEMENTS. SCHEDULE E, PART I, LINE 6 IN THE NORMAL COURSE OF BUSINESS, THE UNIVERSITY ROUTINELY RECEIVES FUNDING FROM FEDERAL, STATE, AND LOCAL GOVERNMENTS FOR STUDENT FINANCIAL AID. EUROPE 0 0 PROGRAM SERVICES LAW SCHOOL SUMMER PROGRAM 49230 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES UNDERGRADUATE SUMMER PROGRAM 48081 CENTRAL AMERICA AND THE CARIBBEAN 0 0 PROGRAM SERVICES CAS INTERNATIONAL TRIP 15678 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES UNDERGRADUATE INTERNATIONAL TRIP 29416 CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 14280576 0 0 0 0 0 0 14422981 0 14422981 1 0 1 0 0 0 PART I, LINE 3: THE UNIVERSITY USES THE ACCRUAL METHOD OF ACCOUNTING TO REPORT EXPENDITURES OUTSIDE THE U.S. GOLF OUTING 84153 67728 16425 1645 21400 6107 LAW NIGHT 38765 20875 17890 19130 5007 2 30213 6000 24213 30 10510 71053 153131 94603 58528 30 1645 51040 82167 134882 -76354 1 STUDENT FINANCIAL AID/GRANTS/AWARDS 3279 61477981 FMV PART I, LINE 2: SCHOLARSHIPS AND GRANTS FOR STUDENTS ARE APPLIED DIRECTLY TO A STUDENT'S UNIVERSITY ACCOUNT AND APPLIED TO TUITION, FEES, ROOM AND BOARD. ALL FINANCIAL AID IS SUBJECT TO REVISION BASED ON AVAILABILITY, CHANGES IN FAMILY CONTRIBUTION, HOUSING STATUS, AND/OR CREDIT LOAD. SATISFACTORY ACADEMIC PROGRESS MUST BE MAINTAINED ACCORDING TO STANDARDS PRESCRIBED BY THE UNIVERSITY. ANNUAL RENEWAL OF FINANCIAL AID IS CONTINUOUS IF INSTITUTIONAL FINANCIAL NEED REMAINS, ALL REQUIRED DOCUMENTS ARE COMPLETED BY THE PUBLISHED DEADLINE AND SATISFACTORY ACADEMIC PROGRESS IS MAINTAINED CONSISTENT WITH THE UNIVERSITY'S POLICY. X X X X X 1 1 X X X 1 1 0 0 0 0 0 0 0 JAMES T HARRIS PRESIDENT 405707 0 0 0 60599 0 276000 0 78933 0 821239 0 0 0 JOSEPH J BAKER SR VP FINANCE & ADMIN 273002 0 5000 0 35980 0 26000 0 20824 0 360806 0 0 0 STEVE WILHITE SR VP PROVOST 248546 0 5000 0 40259 0 26000 0 58427 0 378232 0 0 0 LINDA S DURANT SR VP ADVANCEMENT 219742 0 5000 0 39759 0 24735 0 11099 0 300335 0 0 0 LINDA L AMMONS DEAN SCHOOL OF LAW 272936 0 0 0 38968 0 26000 0 9917 0 347821 0 0 0 ERIN DALY PROFESSOR OF LAW 220713 0 0 0 9832 0 19112 0 38752 0 288409 0 0 0 J PATRICK KELLY PROFESSOR OF LAW 18000 0 0 0 194653 0 0 0 0 0 212653 0 0 0 ROBYN MEADOWS PROFESSOR OF LAW 216891 0 0 0 10545 0 18497 0 19193 0 265126 0 0 0 MICHAEL SLINGER PROFESSOR OF LAW 200606 0 0 0 10817 0 20603 0 16501 0 248527 0 0 0 SUK-CHUNG YOON SPECIAL ASST TO THE PRESIDENT 194155 0 0 0 20623 0 11143 0 2743 0 228664 0 0 0 PART I, LINE 1A FIRST-CLASS OR CHARTER TRAVEL: THE UNIVERSITY MAINTAINS A WRITTEN ACCOUNTABLE POLICY REGARDING THE PAYMENT OR REIMBURSEMENT OF TRAVEL AND ENTERTAINMENT EXPENSES, INCLUDING AIRLINE AND RAIL TRAVEL, COMPANION TRAVEL, INTERNATIONAL TRAVEL, SOCIAL AND HEALTH CLUBS, MAID SERVICE, AND BUSINESS MEALS, MEETINGS AND ENTERTAINMENT. THE UNIVERSITY'S PRESIDENT REVIEWS AND APPROVES THE TRAVEL AND ENTERTAINMENT EXPENSES FOR ALL UNIVERSITY VICE PRESIDENTS. THE UNIVERSITY'S VICE PRESIDENTS REVIEW AND APPROVE THE TRAVEL AND ENTERTAINMENT EXPENSES FOR THEIR RESPECTIVE STAFF. IT IS IMPORTANT TO NOTE THE PRESIDENT'S TRAVEL AND ENTERTAINMENT EXPENSES ARE REVIEWED AND APPROVED BY THE UNIVERSITY'S BOARD CHAIR. HOUSING ALLOWANCE OR RESIDENT FOR PERSONAL USE: THE PRESIDENT OF THE UNIVERSITY IS PROVIDED HOUSING AS REQUIRED AS PART OF HIS EMPLOYMENT. THE USE OF THE HOUSE IS EXCLUDED FROM INCOME PURSUANT TO INTERNAL REVENUE CODE SECTION 119 (A)(2). THE FAIR RENTAL VALUE OF THE HOUSING IS $35,000. BUSINESS EXPENSES ARE COVERED UNDER THE UNIVERSITY'S TRAVEL AND ENTERTAINMENT POLICY. PERSONAL SERVICES: OFFICERS AND KEY EMPLOYEES MAY USE A CAR SERVICE FOR EXTENDED TRAVEL IN ORDER TO CONDUCT UNIVERSITY BUSINESS. PART I, LINES 4A-B SEVERANCE: THE UNIVERSITY OFFERED A VOLUNTARY RETIREMENT PLAN TO FACULTY IN FISCAL YEAR 2013. PATRICK KELLY CHOSE TO ACCEPT THIS PLAN, WITH THE FINAL PAYMENT OF $194,653 OCCURRING IN CALENDAR YEAR 2014. THIS PAYMENT IS REPORTED ON FORM 990, PART VII AND SCHEDULE J. SUPPLEMENTAL RETIREMENT PLAN: THE BOARD OF TRUSTEES HAS APPROVED A SUPPLEMENTAL RETIREMENT PLAN FOR THE PRESIDENT. THE UNIVERSITY IS ACCRUING A CONTRIBUTION OF $100,000 ANNUALLY FROM 2013 THROUGH 2017 WHICH WILL BE REPORTED ON SCHEDULE J FOR EACH OF THE APPLICABLE YEARS. THE PRESIDENT WILL VEST IN THE PLAN AND RECEIVE PAYMENT IN JUNE 2017. A PHEFA REVENUE BONDS SERIES 2014 232243852 70917SLC5 2014-09-01 20396446 REFINANCING 0 0 0 B PHEFA REVENUE BONDS SERIES 2013 232243852 70917SHA4 2013-08-01 11555277 DORMITORY 0 0 0 C PHEFA REVENUE BONDS SERIES 2013A 232243852 70917SHW6 2013-11-01 57258483 REFINANCING 0 0 0 A 20396446 305429 20091017 2014 1 0 1 1 B 11555277 246668 10000318 0 0 0 1 C 57258483 328764 56929719 2013 1 0 1 1 A 0 0 0 0 0.00000 0.00180 0.00180 0 0 1 B 0 0 0 0 0.00000 0.00000 0 0 1 C 0 0 0 0 0.00000 0.00030 0.00030 0 0 1 A 0 0 1 0 0 0 0 0 1 B 0 0 1 0 0 0 0 0 1 C 0 0 1 0 0 0 0 0 1 A 1 B 1 C 1 FORM 990, SCHEDULE K, PART I: PHEFA REVENUE BOND, SERIES OF 2014 THE BOND WAS ORIGINALLY ISSUED IN 2014 WITH STAGGERING MATURITY DATES FROM 2015-2034. EACH MATURITY DATE HAS BEEN ASSIGNED A UNIQUE CUSIP NUMBER. FORM 990, SCHEDULE K, PART I: PHEFA REVENUE BOND, SERIES OF 2013 THE BOND WAS ORIGINALLY ISSUED IN 2013 WITH STAGGERING MATURITY DATES FROM 2035-2043. EACH MATURITY DATE HAS BEEN ASSIGNED A UNIQUE CUSIP NUMBER. FORM 990, SCHEDULE K, PART I: PHEFA REVENUE BOND, SERIES OF 2013A THE BOND WAS ORIGINALLY ISSUED IN 2013 WITH STAGGERING MATURITY DATES FROM 2015-2038. EACH MATURITY DATE HAS BEEN ASSIGNED A UNIQUE CUSIP NUMBER. OFFICERS OFFICERS 65403 DISCOUNTED TUITION FINANCIAL AID BRIAN COMMUNICATIONS BRIAN TIERNEY, A WIDENER UNIVERSITY TRUSTEE, OWNS BRIAN COMMUNICATIONS. 680057 ADVERTISING CONTRACT 0 MARY HARRIS MARY HARRIS, WIFE OF PRESIDENT HARRIS 41000 HOSTING EVENTS & CONSTITUENCIES 0 X 2 78666 STOCK MARKET QUOTES 0 0 0 0 PART I, COLUMN (B): THE UNIVERSITY REPORTS THE NUMBER OF CONTRIBUTORS ON PART I, COLUMN B. FORM 990, PART I, LINE 1, DESCRIPTION OF ORGANIZATION MISSION: AS A LEADING METROPOLITAN UNIVERSITY, WE ACHIEVE OUR MISSION AT WIDENER UNIVERSITY BY CREATING A LEARNING ENVIRONMENT WHERE CURRICULA ARE CONNECTED TO SOCIETAL ISSUES THROUGH CIVIC ENGAGEMENT. WE LEAD BY PROVIDING A UNIQUE COMBINATION OF LIBERAL ARTS AND PROFESSIONAL EDUCATION IN A CHALLENGING, SCHOLARLY, AND CULTURALLY DIVERSE ACADEMIC COMMUNITY. WE ENGAGE OUR STUDENTS THROUGH DYNAMIC TEACHING, ACTIVE SCHOLARSHIP, PERSONAL ATTENTION, AND EXPERIENTAL LEARNING. WE INSPIRE OUR STUDENTS TO BE CITIZENS OF CHARACTER WHO DEMONSTRATE PROFESSIONAL AND CIVIC LEADERSHIP. WE CONTRIBUTE TO THE VITALITY AND WELL-BEING OF THE COMMUNITIES WE SERVE. FORM 990, PART VI, SECTION A, LINE 1 AN EXECUTIVE COMMITTEE, WHICH MAY BE CONVENED AT ANY TIME AT THE CALL OF ITS CHAIRMAN, SHALL HAVE AND EXERCISE AUTHORITY OF THE BOARD IN THE MANAGEMENT OF ITS AFFAIRS, TO THE EXTENT PERMITTED BY THE DELAWARE CORPORATION LAW AND THE PENNSYLVANIA CORPORATION NOT-FOR-PROFIT CODE, EXCEPT THAT THE EXECUTIVE COMMITTEE SHALL NOT HAVE AUTHORITY TO: (1) FILL VACANCIES IN THE BOARD OF TRUSTEES; (2) ADOPT, AMEND OR REPEAL THE BYLAWS; (3) AMEND OR REPEAL ANY RESOLUTION OF THE BOARD; (4) TAKE ANY ACTION ON MATTERS COMMITTED BY THE BYLAWS OR RESOLUTION OF THE BOARD OF TRUSTEES TO ANOTHER COMMITTEE OF THE BOARD; (5) AMEND THE CERTIFICATE OF INCORPORATION; (6) ADOPT AN AGREEMENT OF MERGER OR CONSOLIDATION; (7) RECOMMEND THE SALE, LEASE, OR EXCHANGE OF ALL OR SUBSTANTIALLY ALL OF THE CORPORATION'S PROPERTY; (8) RECOMMEND A DISSOLUTION OF THE CORPORATION; OR (9) REVOKE A DISSOLUTION OF THE CORPORATION. THE EXECUTIVE COMMITTEE SHALL CONSIST OF THE CHAIR, VICE CHAIRS, TREASURER, SECRETARY, PRESIDENT OF THE UNIVERSITY, AND THE PAST CHAIR. UPON INVITATION OF THE CHAIR, ANY MEMBER OF THE BOARD MAY ATTEND AND VOTE AT AN EXECUTIVE COMMITTEE MEETING. FORM 990, PART VI, SECTION A, LINE 2 DAVID OSKIN AND RICHARD TAN - BUSINESS RELATIONSHIP FORM 990, PART VI, SECTION B, LINE 11 ONCE A DRAFT OF THE IRS FORM 990 IS COMPLETED AND REVIEWED BY OUR INDEPENDENT TAX ADVISORS, IT IS REVIEWED BY BOTH THE AUDIT COMMITTEE AND THE FINANCE AND ADMINISTRATION COMMITTEE OF THE BOARD OF TRUSTEES. IT IS THEN REVIEWED WITH THE FULL BOARD OF TRUSTEES AT ITS NEXT MEETING (NORMALLY THE FEBRUARY MEETING). THE FORM 990 IS NOT FILED UNTIL THE FULL BOARD OF TRUSTEES HAS REVIEWED IT WITH MANAGEMENT. FORM 990, PART VI, SECTION B, LINE 12C THE UNIVERSITY HAS CONFLICT OF INTEREST POLICIES FOR THE BOARD OF TRUSTEES, OFFICERS, KEY EMPLOYEES, FULL-TIME STAFF, AND PART-TIME STAFF INVOLVED IN PURCHASING. THE BOARD OF TRUSTEES COMPLETE THE CONFLICT OF INTEREST DISCLOSURE FORM ON AN ANNUAL BASIS, AND THE DISCLOSURE FORMS ARE RECEIVED AND REVIEWED BY THE TRUSTEESHIP COMMITTEE WHO FORWARD ANY CONFLICTS ON TO THE EXECUTIVE COMMITTEE OF THE BOARD FOR THEIR REVIEW. BOARD OF TRUSTEES MEMBERS WITH CONFLICTS ARE EXPECTED TO ABSTAIN FROM VOTING ON ISSUES FOR THEIR CONFLICT. THE PROCESS, REVIEW, AND REPORTING FOR THE OFFICERS AND KEY EMPLOYEES IS THE SAME AS THE BOARD OF TRUSTEES. ALL FULL-TIME STAFF AND PART-TIME STAFF INVOLVED IN PURCHASING COMPLETE A DISCLOSURE FORM ANNUALLY, AND THESE ARE COLLECTED AND REVIEWED BY THE EXECUTIVE DIRECTOR OF HUMAN RESOURCES. THIS INDIVIDUAL THEN REPORTS THE FINDINGS TO THE SENIOR VICE PRESIDENT-ADMINISTRATION & FINANCE AND THE PRESIDENT OF THE UNIVERSITY. A REPORT IS THEN MADE BY THE SENIOR VICE PRESIDENT-ADMINISTRATION & FINANCE TO THE FINANCE AND ADMINISTRATION COMMITTEE OF THE BOARD, WHICH THEN REPORTS THE FINDINGS TO THE FULL BOARD OF TRUSTEES. FORM 990, PART VI, SECTION B, LINE 15 IT IS THE POLICY OF WIDENER UNIVERSITY AND ITS BOARD OF TRUSTEES (BOARD) TO COMPENSATE ITS EXECUTIVES IN ACCORDANCE WITH THE MARKET AND IN RELATION TO EXPERIENCE, SERVICE AND ACCOMPLISHMENT BOTH PRIOR TO, AND DURING, THEIR SERVICE TO THE UNIVERSITY. WHILE THE UNIVERSITY DOES NOT HAVE A FORMAL COMPENSATION COMMITTEE, MEMBERS OF THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES ACT IN THIS CAPACITY AND THEN PRESENT THE COMPENSATION DATA OF ALL DISQUALIFIED PERSONS TO THE BOARD OF TRUSTEES. THE BOARD'S USE OF CUPA AND SIMILAR INDICES IS FOR GUIDANCE PURPOSES, TAKING INTO CONSIDERATION THAT THE POSITIONS REPORTED THEREIN ARE NOT, IN MANY INSTANCES, EQUIVALENT TO THE EXECUTIVE POSITIONS AT THE UNIVERSITY. THUS, WHEN AN INDIVIDUAL EXECUTIVE ACQUIRES ADDITIONAL RESPONSIBILITIES ABOVE AND BEYOND THOSE TRADITIONALLY ASSOCIATED WITH THE GENERAL CATEGORY SET FORTH IN THE COMPARATIVE INDICES, THE BOARD MAY CONSIDER AND AWARD APPROPRIATE COMPENSATION. EXCEPTIONS TO THIS POLICY CAN OCCUR WHERE SPECIAL EXPERTISE, ACCOMPLISHMENT OR EXPERIENCES ARE REQUIRED IN A PARTICULAR POSITION OR AN URGENT NEED HAS ARISEN JUSTIFYING, IN THE BOARD'S ANALYSIS, COMPENSATION AT A LEVEL IN EXCESS OF THE POLICY RANGE ADOPTED BY THE BOARD. WHEN SUCH EXCEPTIONS ARISE, THE BOARD SHALL SET FORTH A STATEMENT OF THEIR REASONING SUPPORTING THE DEPARTURE FROM THE ESTABLISHED EXECUTIVE COMPENSATION POLICY. FINALLY, THE BOARD, IN EVERY THIRD YEAR, WILL ENGAGE AN OUTSIDE CONSULTANT TO VERIFY THAT TOTAL COMPENSATION PAID TO THE EXECUTIVES OF THE UNIVERSITY IS FAIR AND REASONABLE. FORM 990, PART VI, SECTION C, LINE 19 THE UNIVERSITY MAKES AVAILABLE TO THE PUBLIC ON ITS WEBSITE THE UNIVERSITY'S ARTICLES OF INCORPORATION, THE CONFLICT OF INTEREST POLICY, THE EXECUTIVE COMPENSATION POLICY, THE FORM 990, THE FORM 990-T AND THE UNIVERSITY'S AUDITED FINANCIAL STATEMENTS. FORM 990, PART XI, LINE 9: CHANGE IN PENSION -2,688,473. THE NEUROPSYCHOLOGY ASSESSMENT CENTER ONE UNIVERSITY PLACE CHESTER PA 19013 421682886 EDUCATION PA 501(C)(3) LINE 9 WIDENER UNIVERSITY 1 THE WIDENER PARTNERSHIP CHARTER SCHOOL ONE UNIVERSITY PLACE CHESTER PA 19013 421705892 SCHOOL PA 501(C)(3) LINE 2 WIDENER UNIVERSITY 1 PROVIDENCE ENTERPRISES INC ONE UNIVERSITY PLACE CHESTER PA 19013 510260604 INACTIVE PA WIDENER UNIVERSITY C 1.00000 1 ACNP CORPORATION ONE UNIVERSITY PLACE CHESTER PA 19013 232540747 RESTAURANT PA WIDENER UNIVERSITY C 20015 13478 1.00000 1 UNIVERSITY TECHNOLOGY PARK INC 1350 EDGEMONT AVENUE SUITE 1300 CHESTER PA 19013 233045605 REAL ESTATE PA WIDENER UNIVERSITY C -47557 2817591 0.50000 0 1 0 0 0 0 0 0 0 0 1 0 1 0 1 0 0 1 0 0 THE WIDENER PARTNERSHIP CHARTER SCHOOL J 1200000 CONTRACT PRICE THE WIDENER PARTNERSHIP CHARTER SCHOOL L 441066 CONTRACT PRICE THE WIDENER PARTNERSHIP CHARTER SCHOOL Q 4278934 CONTRACT PRICE THE NEUROPSYCHOLOGY ASSESSMENT CENTER L 7786 CONTRACT PRICE THE NEUROPSYCHOLOGY ASSESSMENT CENTER Q 172078 CONTRACT PRICE THE WIDENER PARTNERSHIP CHARTER SCHOOL A 1200000 CONTRACT PRICE SCHEDULE R, PART V, LINE 1N THE UNIVERSITY SHARES ITS FACILITIES WITH NEUROPSYCHOLOGY ASSESSMENT CENTER AT WIDENER UNIVERSITY.