2016-02-15T00:00:00-06:00 2015-06-30 202153727 SB & COMPANY LLC 200 INTERNATIONAL CIRCLE SUITE 5500 HUNT VALLEY MD 21030 990 2014-07-01 510305893 DELAWARE STATE UNIVERSITY DELA 3028576200 1200 NORTH DUPONT HIGHWAY DOVER DE 19901 DR TERESA HARDEE ED D CPA SR VP AND COO 3028576200 2016-02-16 1 MONIQUE BOOKER P00644231 4105840060 2016-02-16 2014 2016-08-17 19:52:53Z DR TERESA HARDEE ED D 1200 NORTH DUPONT HIGHWAY DOVER DE 19901 162817062 0 X WWW.DESU.EDU X 1891 DE DELAWARE STATE UNIVERSITY IS A PUBLIC, COMPREHENSIVE, 1890 LAND-GRANT INSTITUTION THAT OFFERS ACCESS AND OPPORTUNITY TO DIVERSE POPULATIONS FROM DELAWARE, THE NATION, AND THE WORLD. 15 15 1175 1 0 0 67480597 67280196 72100412 74965563 3797741 1606269 3240358 184052 146619108 144036080 25535493 26975036 0 0 73491106 72392765 0 0 2855119 49639019 49331444 148665618 148699245 -2046510 -4663165 273538112 289032161 125894211 168210145 147643901 120822016 X MISSION: DELAWARE STATE UNIVERSITY IS A PUBLIC, COMPREHENSIVE, 1890 LAND-GRANT INSTITUTION THAT OFFERS ACCESS AND OPPORTUNITY TO DIVERSE POPULATIONS FROM DELAWARE, THE NATION, AND THE WORLD. BUILDING ON ITS HERITAGE AS A HISTORICALLY BLACK COLLEGE, THE UNIVERSITY PURPOSEFULLY INTEGRATES THE HIGHEST STANDARDS OF EXCELLENCE IN TEACHING, RESEARCH, AND SERVICE IN ITS BACCALAUREATE, MASTER'S AND DOCTORAL PROGRAMS. ITS COMMITMENT TO ADVANCE SCIENCE, TECHNOLOGY, LIBERAL ARTS, AND THE PROFESSIONS PRODUCES CAPABLE AND PRODUCTIVE LEADERS WHO CONTRIBUTE TO THE SUSTAINABILITY AND ECONOMIC DEVELOPMENT OF THE GLOBAL COMMUNITY.VISION STATEMENT:AS ONE OF AMERICA'S MOST HIGHLY RESPECTED HISTORICALLY BLACK COLLEGESAND UNIVERSITIES, DELAWARE STATE UNIVERSITY WILL BE RENOWNED FOR ASTANDARD OF ACADEMIC EXCELLENCE THAT PREPARES OUR GRADUATES TO BECOMETHE FIRST CHOICE OF EMPLOYERS IN A GLOBAL MARKET AND INVIGORATES THEECONOMY AND THE CULTURE OF DELAWARE AND THE MID-ATLANTIC REGION.CORE VALUES:- COMMUNITY- IN 0 0 93773904 24120796 33262880 DELAWARE STATE UNIVERSITY IS A PREEMINENT INSTITUTION OF HIGHER LEARNING THAT PROVIDES A LIBERAL ARTS EDUCATION. SOME STATISTICS ABOUT THE UNIVERSITY, AT A GLANCE: 52 UNDERGRADUATE DEGREE PROGRAMS, 25 MASTER'S DEGREE PROGRAMS AND FIVE DOCTORAL DEGREE PROGRAMSACCREDITED BY THE COMMISSION ON HIGHER EDUCATION OF THE MIDDLESTATES ASSOCIATION OF COLLEGES AND SCHOOLS, AS WELL AS BY SEVENSPECIALIZED ACADEMIC ACCREDITING AGENCIESWILLIAM C. JASON LIBRARY INCLUDES A COLLECTION OF 332,787 PRINTEDVOLUMES AND A TOTAL HOLDING OF MORE THAN 531,100 PUBLICATIONSFACULTY PROFILE-220 FACULTY MEMBERS WITHIN-21 ACADEMIC DEPARTMENTS-196 FACULTY MEMBERS POSSESS A PHD OR A TERMINAL DEGREE (TERMINALMASTER'S OF FLIGHT CAPTAIN)-STUDENT-TO-FACULTY RATIO IS 15:1TOTAL ENROLLMENT: 4,644-84% FULL-TIME-16% PART-TIME-54% LIVE ON CAMPUS-46% COMMUTE-52% IN-STATE-48% OUT-OF-STATEMOST POPULAR UNDERGRADUATE MAJORS:BUSINESS ADMINISTRATIONHEALTH PROFESSIONS AND RELATED PROGRAMSCOMMUNICATION, JOURNALISM AND RELATED PROGRAMSPSYCHOLOGYSOCIAL SCIENCES 19188624 2178580 19188624 THE MISSION OF THE OFFICE OF THE ASSOCIATE PROVOST FOR RESEARCH (OAPR) IS "TO PROVIDE TO THOSE INDIVIDUALS WHO ARE ADMITTED QUALITY RESEARCH OPPORTUNITIES AND EXPERIENCES THAT ARE CONSISTENT WITH THE OVERALL UNIVERSITY COMMITMENT." THE RESEARCH DIVISION IS ALSO RESPONSIBLE FOR MAINTAINING AN INFRASTRUCTURE WITHIN A SUPPORTIVE ENVIRONMENT THAT ENCOURAGES BOTH FACULTY AND STUDENTS TO PRODUCE RESEARCH WITH RESULTS THAT ARE MAKING OUR WORLD BETTER EVERY DAY.PRESTIGIOUS RESEARCH PROJECTS UNDERWAY BY DSU FACULTY MEMBERS SERVE TO ENHANCE DSU'S LAND-GRANT MISSION AND ITS CONTRIBUTIONS TO THE NATION'S RESEARCH EFFORTS.DSU WAS AWARDED A $10.5 MILLION RESEARCH GRANT THAT WILL FUND THE ESTABLISHMENT OF THE DELAWARE CENTER FOR NEUROSCIENCE RESEARCH. A NEW STATE-OF-THE ART OPTICAL SCIENCE CENTER FOR APPLIED RESEARCH (OSCAR) WILL BE THE NEW HOME FOR THE UNIVERSITY'S PROLIFIC OPTICS PROGRAM.THE NATIONAL SCIENCE FOUNDATION'S (NSF) CENTER FOR RESEARCH EXCELLENCE IN SCIENCE AND TECHNOLOGY HAS AWARDED DSU A FIVE-YEAR $5 MILLION GRANT IN SUPPORT OF THE SCHOOL'S OPTICS PROGRAM. 16559676 675660 21989469 AUXILIARY ENTERPRISES - THE SCHOOL UNDERTAKES A NUMBER OF ACTIVITIES TO BENEFIT THE STUDENT BODY, INCLUDING OPERATING HOUSING (DORMITORY) COMPLEXES, A CAFETERIA, CAMPUS BOOK STORE, VENDING MACHINES AND OTHER INCIDENTALS NECESSARY TO CAMPUS LIFE. THESE ACTIVITIES MIGHT ALSO INCLUDE STUDENT SERVICES, INSTITUTIONAL SUPPORT, ACADEMIC SUPPORT, PUBLIC SERVICE, AND OTHER SERVICES. 129522204 1 1 0 0 0 0 1 1 0 1 1 0 0 0 0 1 0 1 1 0 1 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 203 0 1 1175 1 0 1 0 0 0 0 0 0 0 X 15 15 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X DR TERESA HARDEE 3028576200 1200 NORTH DUPONT HIGHWAY DOVER DE 19901 MR DAVID G TURNER CHAIRMAN OF THE BOARD 15.00 X 0 0 0 MR BARRY M GRANGER VICE CHAIRMAN 15.00 X 0 0 0 MR JOHN J ALLEN JR CHAIR-STUDENT AFFAIRS COMMITTEE 5.00 X 0 0 0 MR ROBERT E BUCCINI TRUSTEE 5.00 X 0 0 0 THE HONORABLE MICHAEL N CASTLE TRUSTEE 5.00 X 0 0 0 MR JOSE F ECHEVERRI MBA TRUSTEE 5.00 X 0 0 0 MS LOIS M HOBBS TRUSTEE 5.00 X 0 0 0 MR CHARLES S MCDOWELL ESQ CHAIR - DEVELOPMENT & GOVERNANCE COMMITTEE 5.00 X 0 0 0 DR WILMA MISHOE - TRUSTEE TRUSTEE 5.00 X 0 0 0 MR WESLEY E PERKINS CHAIR PERSONEL AND COMPENSATION COMMITTEE 5.00 X 0 0 0 DR CLAIRBOURNE D SMITH CHAIR-FINANCE AND FACILITIES COMMITTEE 5.00 X 0 0 0 MR JAMES STEWART CHAIR-DEVELOPMENT AND INVESTMENT COMMITTEE 5.00 X 0 0 0 MR LEROY A TICE ESQ TRUSTEE 5.00 X 0 0 0 MR MARK A TURNER TRUSTEE 5.00 X 0 0 0 DR DEVONA E G WILLIAMS CHAIR-EDUCATIONAL POLICY COMMITTEE 5.00 X 0 0 0 HARRY WILLIAMS PRESIDENT 1.00 60.00 X 360656 0 111225 TERESA BOONE SR. VP AND COO 1.00 55.00 X 238209 0 79257 NOUREDDINE MELIKECHI VP OF RESEARCH/DEAN 1.00 60.00 X 263600 0 87591 ALTON THOMPSON PROVOST AND EVP 1.00 60.00 X 245872 0 74542 CAROLYN CURRY VP UNIVERSITY ADVANCEMENT 1.00 60.00 X 211114 0 64223 STACY DOWNING VP STUDENT AFFAIRS 1.00 60.00 X 117312 0 54156 THOMAS PRESTION GENERAL COUNSEL 1.00 60.00 X 175278 0 55731 BRADLEY SKELCHER ASSOCIATE PROVOST 1.00 60.00 X 171291 0 62631 KERMIT WAYNE BLOUNT HEAD FOOTBALL COACH 1.00 60.00 X 183941 0 52959 ERIC KMIEC PROFESSOR 1.00 60.00 X 169123 0 63308 MELISSA HARRINGTON PROFESSOR 1.00 60.00 X 156695 0 42609 KEITH WALKER HEAD BASKETBALL COACH 1.00 60.00 X 141439 0 61879 YOUNGSIK KWAK ASSOCIATE DEAN 1.00 60.00 X 141885 0 61535 2576415 0 871646 15 0 1 0 ARAMARK CORPORATION PO BOX 7548 PHILADELPHIA PA 19101 FOOD SERVICES 5190232 ELLUCIAN COMPANY LP 14083 COLLECTIONS CENTER DR CHICAGO IL 60693 IT 3524275 WHITING-TURNER CONTRACTING CO 300 E JOPPA ROAD BALTIMORE MD 212863048 CONSTRUCTION 2306276 BATTAGLIA MECHANICAL INC 11 INDUSTRIAL BLVD NEW CASTLE DE 19720 CONSTRUCTION 2223032 FOLLETT HIGHER EDUCATION GROUP 3146 SOLUTIONS CENTER CHICAGO IL 606773001 CAMPUS BOOKSTORE 1886675 40 81651 67171199 27346 67280196 TUITION AND FEES 900099 49140020 49140020 ROOM & BOARD 611710 21989469 21989469 ATHLETICS REVENUE 611710 1902255 1902255 COMMISSIONS 611710 442466 442466 SALES AND SERVICES OF EDUCATIONAL 611710 224709 224709 1266644 1184520 82124 74965563 1942270 1942270 3770 0 3770 3770 3770 18339086 78782 18660968 92901 -321882 -14119 -336001 -336001 53050 81651 27113 25937 25937 CONFERENCES AND EVENTS 900099 52284 52284 102061 102061 154345 144036080 74440973 0 2314911 1635977 1635977 25339059 25339059 2849820 1554127 1020356 275337 50821180 44081963 5331958 1407259 6551035 5561850 745520 243665 12170730 10384739 1531381 254610 3823105 483169 3339936 450750 11675 439075 113098 10890 102208 26336 26336 4863361 3360329 1312532 190500 225951 52018 2057 171876 916167 355801 362649 197717 2891916 2181143 698089 12684 5001233 4831935 163729 5569 2825597 2677999 117946 29652 379549 338448 38562 2539 5051575 5051575 10394177 10394177 753017 245099 507918 FOOD SERVICE 5385478 5206869 172364 6245 INSTRUCTIONAL SUPPLIES 4050656 3804271 230972 15413 REPAIRS AND MAINTENANCE 1628366 1470454 132978 24934 551112 488637 45356 17119 148699245 129522204 16321922 2855119 6292702 7008668 21260754 7164567 7763008 9385018 641275 3691199 2977159 3136705 359012346 127187450 216191804 231824896 12862825 13269051 5438432 8349935 110153 5202122 273538112 289032161 9607278 24475627 1401202 17430603 94045387 124766923 586190 1536992 20254154 0 125894211 168210145 X 136430177 112156084 11213724 8665932 147643901 120822016 273538112 289032161 X -4663165 -965502 -22436154 1242936 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X 2 1 1 0 1 0 1 X X RARE COLLECTIONS BOOKS/SPEC 0 12583420 100000 198123 20018 12861525 10835554 100000 1674255 26389 12583420 9696046 100000 1106466 66958 10835554 9077391 10000 561689 43034 9606046 8039062 100000 991422 53093 9077391 0 1 1 4322297 4322297 267005651 80151235 186854416 43937362 33898357 10039005 43747036 13137858 30609178 231824896 X 144503833 -965502 -965502 145469335 -1433255 -1433255 144036080 149575101 0 149575101 -875856 -875856 148699245 PART II, LINE 9: THE ORGANIZATION DOES NOT REPORT ITS CONSERVATION EASEMENTS IN ITS REVENUE AND EXPENSE STATEMENT OR ITS BALANCE SHEET. ADDITIONALLY, THERE IS NO FOOTNOTE IN THE ORGANIZATION'S FINANCIAL STATEMENTS DESCRIBING THE FACT THAT THERE IS NO ACCOUNTING FOR SUCH EASEMENTS. PART III, LINE 4: THE UNIVERSITY HOLDS A RARE COLLECTION OF BOOKS AND SPECIMENS THAT IT HAS OWNED FOR OVER 100 YEARS. IN ADDITION, SEVERAL BUILDINGS ON THE UNIVERSITY'S CAMPUS HAVE BEEN RECOGNIZED AS HISTORICAL SITES IN THE HISTORICAL REGISTRY. IN 1723, NICHOLAS LOOCKERMAN PURCHASED 600 ACRES OF LAND KNOWN AS "THE RANGE." FOLLOWING HIS DEATH IN 1771, THE PROPERTY PASSED TO HIS GRANDSON, VINCENT LOOCKERMAN JUNIOR. EVIDENCE SUGGESTS THAT HE BUILT THE GEORGIAN-STYLE MANSION KNOWN TODAY AS LOOCKERMAN HALL SOON AFTER INHERITING THE PROPERTY. ON AUGUST 24, 1891, 95 ACRES OF THE OLD PLANTATION WHERE SLAVES HAD ONCE TOILED WERE PURCHASED FOR THE PURPOSE OF ESTABLISHING THE "DELAWARE COLLEGE FOR COLORED STUDENTS." LOOCKERMAN HALL BECAME THE CENTER OF THE CAMPUS, SERVING VARIOUSLY AS A DORMITORY, CLASSROOM, AND ADMINISTRATION BUILDING. IN 1971, THE STRUCTURE WAS PLACED ON THE NATIONAL REGISTER OF HISTORIC PLACES BY THE NATIONAL PARK SERVICE. PART V, LINE 4: INTENDED USES OF THE UNIVERSITY'S ENDOWMENT FUNDS IS TO OFFER STUDENT SCHOLARSHIPS AND SUPPORT ACADEMIC PROGRAMS. PART X, LINE 2: THE UNIVERSITY IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C) (3) OF THE INTERNAL REVENUE CODE AND IS RECOGNIZED AS SUCH BY THE INTERNAL REVENUE SERVICE. THE PROVISIONS INCLUDED IN ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA PROVIDE CONSISTENT GUIDANCE FOR THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN AN ENTITY'S FINANCIAL STATEMENTS AND PRESCRIBE A THRESHOLD OF "MORE LIKELY THAN NOT" FOR RECOGNITION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE UNIVERSITY PERFORMED AN EVALUATION OF UNCERTAIN TAX POSITIONS AS OF JUNE 30, 2015, AND DETERMINED THAT THERE WERE NO MATTERS THAT WOULD REQUIRE RECOGNITION IN THE FINANCIAL STATEMENTS OR WHICH MAY HAVE ANY EFFECT ON ITS TAX-EXEMPT STATUS. AS OF JUNE 30, 2015, THE STATUTE OF LIMITATIONS FOR TAX YEARS 2012 THROUGH 2015 REMAINS OPEN WITH THE U.S. FEDERAL JURISDICTION OR THE VARIOUS STATES AND LOCAL JURISDICTIONS IN WHICH THE UNIVERSITY FILES TAX RETURNS. RECLASSIFICATIONS CERTAIN RECLASSIFICATIONS WERE MADE TO 2013 AMOUNT TO CONFORM WITH 2014 PRESENTATION. PART XI, LINE 4B - OTHER ADJUSTMENTS: PRORATED REVENUE ON DSUHF 990 -1,431,296. PRORATED INVESTMENT REVENUE ON DSUHF 990 -1,959. TRF OF CY ASSETS PART XII, LINE 4B - OTHER ADJUSTMENTS: PRORATED EXPENSES ON DSUHF 990 -875,856. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 ALL MEDIA ADVERTISING AND BROCHURES ISSUED BY THE UNIVERSITY CONTAIN A STATEMENT OF THE UNIVERSITY'S NON-DISCRIMINATION POLICY. IN ADDITION, THE POLICY IS PROVIDED ON THE UNIVERSITY'S WEBSITE. SCHEDULE E, PART I, LINE 6 THE UNIVERSITY PARTICIPATES IN FEDERALLY FUNDED PELL GRANTS, SEOG GRANTS, FEDERAL WORK-STUDY, AND PERKINS LOAN PROGRAMS. FEDERAL PROGRAMS ARE AUDITED IN ACCORDANCE WITH THE SINGLE AUDIT ACT AMENDMENTS OF 1996, THE U.S. OFFICE OF MANAGEMENT AND BUDGET REVISED CIRCULAR A-133, AUDIT OF STATES, LOCAL GOVERNMENTS AND NON-PROFIT ORGANIZATIONS, AND THE COMPLIANCE SUPPLEMENT. EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 0 4 EDUCATION TEACHING 298620 0 4 0 0 0 4 298620 0 298620 0 0 0 0 0 0 RACE WEEKEND #1 56651 56651 14922 RACE WEEKEND #2 52750 52750 10300 2 25300 25000 300 1891 134701 81651 53050 27113 27113 25937 1 NORTH CAROLINA CENTRAL UNIVERSITY PO BOX 19713 DURHAM NC 27707 566000730 115 41899 EDUCATION NORTH WESTERN UNIVERSITY 633 CLARK STREET ROOM G547 EVANSTON IL 602081112 362167817 501(C)(3) 208251 EDUCATION PENN STATE 227 W BEAVER AVE STE 401 STATE COLLEGE PA 168014819 246000376 501(C)(3) 149626 EDUCATION UNIV OF MD BALTIMORE COUNTY 100 HILLTOP CIRCLE BALTIMORE MD 21250 526002033 501(C)(3) 1957 EDUCATION UNIVERSITY OF ALASKA AT FAIRBANKS PO BOX 757320 FAIRBANKS AK 997757320 926000147 501(C)(3) 20982 EDUCATION UNIVERSITY OF DELAWARE 116 STUDENT SERVICES BUILDING NEWARK DE 19716 516000297 501(C)(3) 904251 EDUCATION UNIVERSITY OF MARYLAND EASTERN SHORE PO BOX 775 CAMBRIDGE MD 21613 526002033 501(C)(3) 35265 EDUCATION VIRGINIA STATE UNIVERSITY PO BOX 9081 VIRGINIA STATE UNIVERS VA 23806 546074532 115 6327 EDUCATION WESTERN MICHIGAN UNIVERSITY 1903 W MICHIGAN AVE KALAMAZOO MI 490085425 386007327 501(C)(3) 28084 EDUCATION 9 SCHOLARSHIPS 2668 25339059 PART I, LINE 2: SCHOLARSHIPS ARE AWARDED BASED UPON MERIT OR FINANCIAL NEED. STUDENTS APPLY FOR INDIVIDUAL SCHOLARSHIPS THROUGH THE OFFICE OF INSTITUTIONAL ADVANCEMENT AND ARE AWARDED BASED UPON THE CRITERIA FOR EACH INDIVIDUAL SCHOLARSHIP - THEY ARE AWARDED BY A COMMITTEE. ATHLETIC SCHOLARSHIPS ARE AWARDED DURING THE RECRUITMENT PROCESS AND ARE AWARDED BASED UPON MERIT. FRESHMEN ENROLLMENT SCHOLARSHIPS ARE OFFERED TO INCOMING FRESHMEN BASED UPON THEIR INDIVIDUAL HIGH SCHOOL PERFORMANCE, SAT SCORES AND FINANCIAL NEEDS. THE UNIVERSITY PROVIDES SCHOLARSHIPS TO STUDENTS MATRICULATING AT THE COLLEGE; THEREFORE, ALL FUNDS GRANTED ARE USED TO DEFRAY THE COST OF TUITION AND NO FURTHER MONITORING OF THE GRANTS IS REQUIRED. X X 1 1 X X X X 0 0 0 0 0 0 0 1 0 HARRY WILLIAMS PRESIDENT 305656 0 55000 0 0 0 75261 0 35964 0 471881 0 0 0 TERESA BOONE SR. VP AND COO 208209 0 30000 0 0 0 52838 0 26419 0 317466 0 0 0 NOUREDDINE MELIKECHI VP OF RESEARCH/DEAN 238600 0 25000 0 0 0 54796 0 32795 0 351191 0 0 0 ALTON THOMPSON PROVOST AND EVP 220872 0 25000 0 0 0 52262 0 22280 0 320414 0 0 0 CAROLYN CURRY VP UNIVERSITY ADVANCEMENT 211114 0 0 0 0 0 43625 0 20598 0 275337 0 0 0 STACY DOWNING VP STUDENT AFFAIRS 117312 0 0 0 0 0 32785 0 21371 0 171468 0 0 0 THOMAS PRESTION GENERAL COUNSEL 175278 0 0 0 0 0 36229 0 19502 0 231009 0 0 0 BRADLEY SKELCHER ASSOCIATE PROVOST 171291 0 0 0 0 0 36229 0 26402 0 233922 0 0 0 KERMIT WAYNE BLOUNT HEAD FOOTBALL COACH 183941 0 0 0 0 0 31552 0 21407 0 236900 0 0 0 ERIC KMIEC PROFESSOR 169123 0 0 0 0 0 35187 0 28121 0 232431 0 0 0 MELISSA HARRINGTON PROFESSOR 156695 0 0 0 0 0 30938 0 11671 0 199304 0 0 0 KEITH WALKER HEAD BASKETBALL COACH 141439 0 0 0 0 0 32069 0 29810 0 203318 0 0 0 YOUNGSIK KWAK ASSOCIATE DEAN 141885 0 0 0 0 0 31750 0 29785 0 203420 0 0 0 PART I, LINE 1A HOUSING ALLOWANCE OR RESIDENCE FOR PERSONAL USE: THE PRESIDENT, AS PART OF HIS BENEFIT PACKAGES, RESIDES IN A UNIVERSITY-OWNED PROPERTY THAT IS LOCATED ON THE UNIVERSITY'S PREMISES. THE PRESIDENT IS REQUIRED TO ACCEPT THIS HOUSING AS A CONDITION OF EMPLOYMENT AND FOR THE CONVENIENCE OF THE UNIVERSITY. THE UNIVERSITY, LIKEWISE, PROVIDED PERSONAL SERVICES TO THE PRESIDENT THAT ARE ANCILLARY TO THE BENEFITS HE RECEIVES WITH THE HOUSING PACKAGE. THE PRESIDENT HAS A "DISCRETIONARY SPENDING ACCOUNT." HOWEVER, THE EXPENDITURES ARE RELATED TO USUAL UNIVERSITY EXPENDITURES - THEY ARE NOT PERSONAL IN NATURE. PERSONAL SERVICES (E.G., MAID, CHAUFFEUR, CHEF): THE PRESIDENT IS PROVIDED A CHAUFFEUR. PART I, LINE 7 BONUSES PAID ARE BASED ON A NUMBER OF VARIABLES INCLUDING BUT NOT LIMITED TO INDIVIDUAL GOAL ACHIEVEMENTS AS WELL AS OPERATION ACHIEVEMENTS. THE FINAL DETERMINATION OF THE PRESIDENT'S BONUS AMOUNT IS DETERMINED AND APPROVED BY THE BOARD AS PART OF THE COMPENSATION REVIEW. GENERAL NOTE: ALL COMPENSATION REPORTED ON PART VII AND SCHEDULE J OF THE FORM 990 REPRESENT AMOUNTS PAID BY THE STATE OF DELAWARE. A DELAWARE ECONOMIC DEVELOPMENT AUTHORITY 510269736 246387NG5 2007-12-20 47580000 WELLNESS CTR, MLK CTR, SWIMMING POOL 0 0 0 B DELAWARE ECONOMIC DEVELOPMENT AUTHORITY 510269736 246387NG5 2012-03-01 32145000 PAY: 1999 BOND, PURCH UNIVERSITY VILLAGE 0 0 0 C STATE OF DELAWARE 516000279 86932UAB1 2011-08-01 11265000 FUND ENERGY EFFICIENCY PROJECTS 0 0 0 D DELAWARE ECONOMIC DEVELOPMENT AUTHORITY 510269736 246387NG5 2014-12-18 29225000 CONSTRUCTION OF OSCAR, ACQUISITION OF COURTYARD AND SHERATON 0 0 0 A 47431098 3479175 461537 43490386 2009 0 0 1 1 B 34010368 1838568 442261 2012 1 0 1 1 C 11265000 244440 11265000 0 0 1 1 D 32953404 2037175 649392 6000000 0 0 0 1 A 0 0 1 1 0 0.04600 0.04600 1 0 1 B 0 0 1 1 0 1 0 1 C 0 0 1 1 0 1 0 0 D 0 0 0 0 1 0 1 A 0 0 1 0 0 0 1 MBIA INC 1.000000000000 1 0 1 B 0 1 0 0 0 0 0 0 1 C 0 0 1 0 0 0 0 0 1 D 0 0 0 0 0 0 0 0 1 A 0 B 0 C 0 D 0 FORM 990, PART I, LINE 5 DELAWARE STATE UNIVERSITY IS A STATE UNIVERSITY; AS SUCH, THE UNIVERSITY'S EMPLOYEES DO NOT RECEIVE THEIR W-2S FROM THE UNIVERSITY, BUT FROM THE STATE OF DELAWARE. ACCORDINGLY, DELAWARE STATE DOES NOT FILE A FORM W-3 WITH THE INTERNAL REVENUE SERVICE. THE UNIVERSITY ESTIMATES THAT IT HAS APPROXIMATELY 1,175 STAFF AND FACULTY CURRENTLY EMPLOYED BY THE STATE OF DELAWARE. FORM 990, PART VI, SECTION A, LINE 7A THE GOVERNOR OF THE STATE OF DELAWARE MAY APPOINT MEMBERS TO THE BOARD OF DIRECTORS. SEVEN GOVERNOR-APPOINTED MEMBERS ARE CURRENTLY SITTING ON THE BOARD. THE GOVERNOR IS, LIKEWISE, TREATED AS AN EX-OFFICIO MEMBER OF THE BOARD, EVEN THOUGH HE IS NOT REPORTED ON PART VII OF THE FORM 990. FORM 990, PART VI, SECTION B, LINE 11 THE UNIVERSITY'S FORM 990 WAS PREPARED BY AN OUTSIDE ACCOUNTING FIRM IN CONJUCTION WITH THE UNIVERSITY'S FINANCIAL DEPARTMENT. THE 990 IS REVIEWED BY THE SR. VP AND COO, ASSOCIATE VP FOR FINANCE AND CONTROLLER. A COPY OF THE DRAFT FORM 990 IS ALSO MADE AVAILABLE TO THE BOARD OF DIRECTORS FOR THEIR REVIEW. FORM 990, PART VI, SECTION B, LINE 12C THE UNIVERSITY REQUIRES DISCLOSURE FROM OFFICERS, DIRECTORS, TRUSTEES AND KEY EMPLOYEES ON A CONTINUOUS BASIS. AT ANY TIME THAT A RELATIONSHIP IS ENTERED INTO, THE MEMBER IS REQUIRED TO INFORM THE CHAIRMAN OF THE BOARD OF TRUSTEES TO DETERMINE WHETHER A CONFLICT EXISTS. A RECERTIFICATION STATEMENT IS ALSO REQUIRED ANNUALLY. FORM 990, PART VI, SECTION B, LINE 15A DELAWARE STATE UNIVERSITY UNDERTAKES A THOROUGH PROCESS TO DETERMINE EXECUTIVE COMPENSATION. THIS PROCESS INCLUDES EACH BOARD OF TRUSTEE MEMBER SPECIFICALLY DISCUSSING PERFORMANCE IN A SPECIAL ANNUAL MEETING. EVIDENCE SUPPORTS COMPENSATION ALONG WITH CONTEMPORANEOUS SUBSTANTIATION OF THE DELIBERATIONS AND THE DECISION MADE BY THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION C, LINE 19 THE UNIVERSITY MAKES ITS FORM 990 AVAILABLE TO THE PUBLIC BY RETAINING A COPY AT ITS PLACE OF BUSINESS. THE FORM 990 IS LIKEWISE PUBLISHED ON THE INTERNET AT WWW.GUIDESTAR.ORG. THE UNIVERSITY'S FINANCIAL STATEMENTS ARE PUBLISHED ON THE UNIVERSITY'S WEBSITE. THE GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE NOT ORDINARILY MADE AVAILABLE TO THE PUBLIC, BUT, IF REQUESTED, WILL BE PROVIDED AT MANAGEMENT'S DISCRETION. FORM 990, PART XI, LINE 9: ALLOCATED REVENUE ON DSUHF 990 1,433,255. TRANSFER IN FROM DSUHF NET ASSETS 685,537. ALLOCATED EXPENSES ON DSUHF 990 -875,856. FORM 990, PART XII, LINE 2C: THE OVERSIGHT PROCESS HAS NOT CHANGED SINCE PRIOR YEAR. DELAWARE STATE UNIVERSITY FOUNDATION 1200 NORTH DUPONT HIGHWAY DOVER DE 19901 201372435 FUNDRAISING DE 501(C)(3) LINE 11A, I DE STATE UNIVERSITY 1 DELAWARE STATE UNIV HOUSING FOUNDATION 1200 NORTH DUPONT HIGHWAY DOVER DE 19901 311755006 HOUSING DE 501(C)(3) LINE 11A, I DE STATE UNIVERSITY 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 DELAWARE STATE UNIVERSITY FOUNDATION C 828022 DELAWARE STATE UNIVERSITY HOUSING FOUNDATION P 44752