2016-05-13T08:02:36-05:00 2015-06-30 GRANT THORNTON LLP 2001 MARKET STREET SUITE 700 PHILADELPHIA PA 19103 990 2014-07-01 516000297 University of Delaware % AMY CONNELL - CONTROLLER UNIV 3028312688 220 Hullihen Hall Newark DE 19716 GREGORY S OLER VP FINANCE 2016-05-13 Frank D Giardini P00532355 2155614200 2014 2016-08-17 19:52:53Z Nancy M Targett 104A Hullihen Hall Newark DE 19716 2308097614 false X www.udel.edu X 1833 DE Instruction, Research, and Public Services are the most significant activities of the University. 29 28 13737 29 6716859 177288592 158748732 840383719 888427478 99897428 220928990 30259556 65151999 1147829295 1333257199 135428021 151101265 0 0 553737436 577835359 0 0 13230234 338425198 387994490 1027590655 1116931114 120238640 216326085 3366023740 3538242532 959725873 1163843382 2406297867 2374399150 X MISSION STATEMENT: THE UNIVERSITY OF DELAWARE EXISTS TO CULTIVATE LEARNING, DEVELOP KNOWLEDGE, AND FOSTER THE FREE EXCHANGE OF IDEAS. STATE-ASSISTED YET PRIVATELY GOVERNED, THE UNIVERSITY HAS A STRONG TRADITION OF DISTINGUISHED SCHOLARSHIP, RESEARCH, TEACHING, AND SERVICE THAT IS GROUNDED IN A COMMITMENT TO INCREASING AND DISSEMINATING SCIENTIFIC, HUMANISTIC, AND SOCIAL KNOWLEDGE FOR THE BENEFIT OF THE LARGER SOCIETY. FOUNDED IN 1743 AND CHARTERED BY THE STATE IN 1833, THE UNIVERSITY OF DELAWARE TODAY IS A LAND-GRANT, SEA-GRANT, AND SPACE-GRANT UNIVERSITY. THE UNIVERSITY OF DELAWARE IS A MAJOR RESEARCH UNIVERSITY OFFERING A BROAD RANGE OF DEGREE PROGRAMS: 3 ASSOCIATE PROGRAMS, 140 BACHELOR'S PROGRAMS, 121 MASTER'S PROGRAMS, 61 DOCTORAL PROGRAMS, AND 15 DUAL GRADUATE PROGRAMS THROUGH OUR SEVEN COLLEGES AND IN COLLABORATION WITH MORE THAN 70 RESEARCH CENTERS. UNIVERSITY FACULTY IS COMMITTED TO THE INTELLECTUAL, CULTURAL, AND ETHICAL DEVELOPMENT OF STUDENTS AS CITIZENS, SCHOLARS AND PROFE false false 412936497 Instruction and departmental research - Student enrollment during the period was approximately 22,900. 142906148 Sponsored Research 110875424 2190168 Auxillary Enterprises 76919199 Academic support 51988146 Extension and public service 34969859 Student services 148911097 148911097 Student Aid 312788301 148911097 979506370 true true false true false true false true true true true true false false true true false true true true true false false false true false false false true true true false false false false false false true true true true true true false false true true true true false false true 2062 0 true 13737 true true true true FR false true true false true true true 1 false false true false X 29 28 true false false false false true false true true false false true true true true true true true true true true AK AZ CA CO GA HI ID IL KY MD MA MI NH OH OK OR SC WA X AMY CONNELL - CONTROLLER 3028312175 220 HULLIHEN HALL NEWARK DE 19716 Tony Allen Sr Trustee 4.0 0.0 X 0 0 0 Carol Ammon Trustee 2.0 0.0 X 0 0 0 Michelle Barineau Trustee 2.0 0.0 X 0 0 0 James C Borel Trustee 4.0 0.0 X 0 0 0 Thomas J Burns Trustee 4.0 0.0 X 0 0 0 Irwin G Burton III Trustee 2.0 0.0 X 0 0 0 Mariah Calagione Trustee 2.0 0.0 X 0 0 0 Allison Burris Castellanos Trustee 2.0 0.0 X 0 0 0 William B Chandler III Trustee 2.0 0.0 X 0 0 0 John R Cochran Trustee, Vice Chair 6.0 0.0 X 0 0 0 Howard Cosgrove Trustee 4.0 0.0 X 0 0 0 Michael S Geltzeiler Trustee 2.0 0.0 X 0 0 0 Stuart M Grant Trustee 2.0 0.0 X 0 0 0 Teri Quinn Gray Trustee 2.0 0.0 X 0 0 0 Terri Kelly Trustee 4.0 0.0 X 0 0 0 Dennis E Klima Trustee 2.0 0.0 X 0 0 0 Jack A Markell Trustee 2.0 0.0 X 0 0 0 Michael Lynch Trustee 2.0 0.0 X 0 0 0 Carey McDaniel Trustee, Secretary-Treasurer 6.0 0.0 X 0 0 0 Donald J Puglisi Trustee 2.0 0.0 X 0 0 0 Christopher H Schell Trustee 2.0 0.0 X 0 0 0 A Gilchrist Sparks III Trustee, Chair 8.0 0.0 X 0 0 0 Everett C Toomey Trustee 2.0 0.0 X 0 0 0 H Wesley Towers Jr Trustee 2.0 0.0 X 0 0 0 P Coleman Townsend Jr Trustee 4.0 0.0 X 0 0 0 Sherman L Townsend Trustee 4.0 0.0 X 0 0 0 Kenneth C Whitney Trustee 2.0 0.0 X 0 0 0 Mary Jane Willis Trustee, Vice Chair 6.0 0.0 X 0 0 0 Patrick T Harker President 55.0 0.0 X X 870236 0 80680 Domenico Grasso Provost 55.0 0.0 X 423029 0 96763 Scott R Douglass Exec VP & Treasurer 55.0 0.0 X 543305 0 43963 Alan Brangman VP, Fac & Aux Svcs 55.0 0.0 X 329638 0 43993 Jeffrey Garland VP & University Secretary 55.0 0.0 X 216787 0 43501 Nancy Brickhouse Deputy Provost 55.0 0.0 X 262745 0 53178 Carl W Jacobson VP Info Technology 55.0 0.0 X 333235 0 50393 Greg Oler VP Finance & Deputy Treasurer 55.0 0.0 X 54777 0 9303 Monica Marie Taylor VP Univ Development 55.0 0.0 X 431676 0 36593 Dawn Thompson VP, Student Life 55.0 0.0 X 264528 0 36554 Lawrence White VP & Gen Counsel 55.0 0.0 X 324701 0 32832 Patricia Ann Plummer Wilson VP / Chief of Staff 55.0 0.0 X 255163 0 43319 Deborah Hayes VP Communication 55.0 0.0 X 323988 0 36721 Charles Riordan Vice Provost Research 55.0 0.0 X 317046 0 51229 Kathleen Sharon Matt Dean 55.0 0.0 X 300823 0 51122 Babatunde A Ogunnaike Dean 55.0 0.0 X 335137 0 37476 Nancy M Targett Dean 55.0 0.0 X 269536 0 47824 George H Watson Dean 55.0 0.0 X 315795 0 43092 Bruce William Weber Dean 55.0 0.0 X 456842 0 47996 Mark Rieger Dean 55.0 0.0 X 242089 0 42071 Lynn Okagaki Dean 55.0 0.0 X 251865 0 34851 Keith Walter Chief Investment Officer 55.0 0.0 X 702768 0 48220 Thomas LaPenta Chief Human Resources Officer 55.0 0.0 X 197283 0 29682 Eric Ziady Director, Athl & REC 55.0 0.0 X 379990 0 42120 Daniel Rich Professor 55.0 0.0 X 387160 0 57493 Donald Sparks Professor 55.0 0.0 X 384810 0 49751 Tsu-Wei Chou Professor 55.0 0.0 X 382602 0 57249 David Brock Head Coach Football 55.0 0.0 X 391465 0 50244 Earl Monte Ross Head Coach Basketball 55.0 0.0 X 384600 0 49163 Ann Ardis Former Dep Provost/ Professor 55.0 0.0 X 258176 0 40411 10591795 0 1387787 928 true true false Whiting Turner Contracting Company 131 Continental Drive Ste 404 NEWARK DE 19713 Construction 43092704 Aramark 1101 Market Street PHILADELPHIA PA 19107 Food Service 32571546 Skanska USA Building Inc 1633 Littleton Road PARSIPPANY NJ 07054 Construction 16642479 Richard Y Johnson Son Inc PO Box 105 LINCOLN DE 19960 Construction 2590123 Bancroft Construction 1300 Grant Avenue WILMINGTON DE 19810 Construction 1681545 117 72242 9577164 120255124 28844202 5763203 158748732 TUITION AND FEES 551763577 551763577 ROOM, BOARD AND OTHER AUXILIARY SERVICES 900004 128116568 123920906 4195662 RESEARCH CONTRACTS/ OTHER EXCHANGES 172078209 172078209 OTHER PROGRAM REVENUE SOURCES 900004 36469124 35235040 1234084 888427478 18304306 -418979 18723285 0 194714 194714 0 0 0 11390006 1165997062 7626998 967135386 3763008 198861676 202624684 1397864 201226820 67222 72242 78031 -10809 -10809 0 0 INTRA UNIVERSITY REVENUE 61956590 61956590 INCOME FROM AFFILIATE 721110 1337224 1028996 308228 PLANT INVENTORY ADJUSTMENT 264482 264482 1409798 1180100 229698 64968094 1333257199 947427900 6716859 220363708 0 151101265 151101265 0 0 13404110 7815398 5100338 488374 788725 788725 401117159 357208222 37722661 6186276 39815688 34527764 4517108 770816 97689563 84293396 11474927 1921240 25020114 21667979 2866146 485989 0 2868045 28592 2837453 2000 333200 333200 40338 40338 0 3833555 3833555 76578604 73361843 2328196 888565 1996848 1611552 352073 33223 89156185 69304704 18027288 1824193 27634714 12376473 15104325 153916 96273 68463 27810 60803788 59132801 1628501 42486 28430885 27160145 929066 341674 0 3818085 2947702 798840 71543 20779806 20453532 326274 0 67085021 54204290 12880731 1913122 1292119 601064 19939 LOSS ON DISPOSAL 171782 161405 10377 ENDOWMENT & COMMISSION AND FEE 2477254 2477254 PAY ANNUITIES -104119 -104119 STUDENT LOAN EXPENSE -11245 -11245 92349 92349 1116931114 979506370 124194510 13230234 56607 56415 115175293 134463120 54763471 48289285 12036454 10873957 0 0 0 0 0 0 692954 633311 1591029 2240298 2424012463 947857764 1393097159 1476154699 1118292953 780344947 653916697 1068842301 13623123 13401145 2778000 2943054 0 0 3366023740 3538242532 376139856 101817849 15237842 15355997 4277076 13834157 476469144 521468219 0 0 0 0 36962193 34414430 0 0 50639762 476952730 959725873 1163843382 X 1358232040 1319205710 679073292 663305814 368992535 391887626 2406297867 2374399150 3366023740 3538242532 X 216326085 -140674043 -107550759 X false true X true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false true false true false false true 102631 false true 40338 142969 false Schedule C, Part II-B, Line 1b University personnel met with members of Congress and their staff in Washington DC to discuss research projects and other matters affecting higher education. University personnel met and discussed with State representatives concerning appropriations and other matters affecting higher education. Schedule C, Part II-B, Line 1g A PORTION OF THE UNIVERSITY'S DIRECTOR OF STATE GOVERNMENTAL RELATIONS (25%), THE GOVERNMENT RELATIONS ASSISTANT (25%) AND THE UNIVERSITY'S DIRECTOR OF FEDERAL GOVERNMENTAL RELATIONS (45%) ARE ASSOCIATED WITH LOBBYING ACTIVITIES. Schedule C, Part II-B, Line 1i The University is a member of several trade associations related to higher education. A portion of the membership dues are reported by the associations as being related to lobbying activities. 1 1376 37323 true true 8756456 X X X X false true 1063561 126913602 126687725 1289438 false 1242266465 11387860 90645815 6829930 43322322 19456000 1274691888 1110513444 17221001 174705865 6532025 41654820 11987000 1242266465 1029661185 8783304 127932332 6271302 40286075 9306000 1110513444 1077637848 12871062 -6664194 5743019 38859512 9581000 1029661185 927530379 4906552 198284273 5378147 38524209 9181000 1077637848 0.26634 0.24499 0.48867 false false 120108513 120108513 1634896071 593417132 1041478939 44909825 5274208 39635617 484385430 349166424 135219006 139712624 139712624 1476154699 LIMITED PARTNERSHIP 998970838 F FUNDS HELD IN TRUST 66680797 F MORTGAGES 1788554 F OTHER 1402112 F 1068842301 0 STUDENT DEPOSITS 1700973 ASSET RETIREMENT OBLIGATION 18832582 ANNUITY & LIFE INCOME FUNDS PA 4520594 INTEREST RATE SWAP 25041571 POST RETIREMENT OBLIGATION 426857010 476952730 X 871331934 -140674043 13852148 -126821895 998153829 3833555 331269815 335103370 1333257199 903230651 903230651 3833555 209866908 213700463 1116931114 Schedule D, Part III, Line 4 The University Museums seeks to enhance the educational and scholarly mission of the University of Delaware through the exhibition, online presentation, study, preservation and growth of its unique collections in 20th and 21st century American art (with particular strengths in the Brandywine School, African American art, and photography), minerals and pre-Columbian ceramics. The University Museums enrich cultural life beyond the campus through presentation of the work of recognized artists, and through outreach programs to selected audiences, including K-12 students, educators and historically black colleges and universities. The University Museums achieve this through public exhibitions open free of charge to the University community and the general public; through making collections accessible to individual students, classes, and scholars; and through offering public programs on facets of the collection free of charge to the University community and the general public. Schedule D, Part IV, Line 1b AGENCY ACCOUNTS $ 1,079,259 EXTERNAL FINANCIAL AID (492,545) STUDENT GROUPS 702,724 ---------- 1,289,438 The University is regularly requested to act as fiscal agent for funds that belong to a related third party. Normally a current or expected mutual benefit to both the third party and the University beyond just the fiscal agent relationship prompts such a request. Such requests may range from large organizations seeking an on-going relationship with the University to one-time requests for a depository for funds for a departmental retirement event. When this fiscal agency request is granted, a University (agency) account is set up in the University accounting system. Agency accounts with deposits on hand from third party organizations are liabilities of the University while such accounts in deficit constitute receivables due to the University. Schedule D, Part V, Line 4 The University's Endowment Fund's purpose is to provide in perpetuity financial support of the University's educational goals. The intended uses of the endowment funds is to provide educational and general support such as scholarships, prizes and awards, facilities and educational program support, and general operational support. Schedule D, Part X, Line 2 The University has been recognized by the Internal Revenue Service (IRS) as exempt from Federal income tax under Section 501(c) (3) of the U.S. Internal Revenue Code, except for taxes on income from activities unrelated to its exempt purpose. Accordingly, no provision for income taxes has been made in the accompanying consolidated financial statements. U.S. GAAP requires management to evaluate tax positions taken by the University and recognize a tax liability (or asset) if the Univeristy has taken an uncertain tax position that more likely than not would not be sustained upon examination by the IRS. Management has analyzed the tax positions taken by the Univeristy and has concluded that as of June 30, 2015 and 2014, there are no uncertain positions taken. The University is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress. Scehdule D, Part XI, Line 2d Nonoperating Other adjustments $16,306,387 Reclass to expenses (2,454,239) Schedule D, Part XI, Line 4b Scholarships $145,459,007 Intra University Revenue $61,953,662 Increase in Post Retirement Obligation $123,857,146 Schedule D, Part XII, Line 4b Scholarships $145,459,007 Intra University Revenue $61,953,662 Reclass Expenses $2,454,239 true true true true true true true false false false false false false false false true false true Schedule E, Part I, Line 3 THE UNIVERSITY OF DELAWARE IS COMMITTED TO ASSURING EQUAL OPPORTUNITY FOR ALL PERSONS AND DOES NOT DISCRIMINATE ON THE BASIS OF RACE, COLOR, GENDER, RELIGION, ANCESTRY, NATIONAL ORIGIN, SEXUAL ORIENTATION, VETERN STATUS, AGE, OR DISABILITY IN ITS EDUCATIONAL PROGRAMS, ACTIVITIES, ADMISSIONS, OR EMPLOYMENT PRACTICES. THIS STATEMENT IS INCLUDED ON A VARIETY OF UNIVERSITY FORMS AND PUBLICATIONS. A WEBSITE REGARDING THE UNIVERSITY'S COMMITMENT TO DIVERSITY CAN BE FOUND AT: WWW.UDEL.EDU/DIVERSITY Schedule E, Part I, Line 6a THE UNIVERSITY OF DELAWARE PARTICIPATES IN THE FOLLOWING FEDERAL TITLE IV STUDENT FINANCIAL AID PROGRAMS: FEDERAL PELL, FSEOG, FEDERAL WORK STUDY, FEDERAL PERKINS LOAN, FEDERAL STAFFORD LOAN AND TEACH GRANT. false Middle East and North Africa 1 1 Program Services Off Campus Training 192680 Europe (Including Iceland and Greenland) Investments 60652230 Central America and the Caribbean Investments 337443427 1 1 1 1 398288337 398288337 true false true true true false Schedule F, Part I, Line 2 In April 2011, the University initiated an art preservation grant in the Middle East/ North Africa region. This program, along with the program in the European region, are monitored by the University by retaining the approvals and payments of all expenditures along with supporting documentation, at the University's main campus in Newark, Delaware. AL AK AZ AR CA CO CT FL GA HI IL KS KY LA ME MD MA MI MN MS MO NH NJ NM NY NC ND OH OK OR PA RI SC TN UT VA WA WV WI WVUD 40912 40912 1797 1131 FOOTBALL OUTING 24495 2080 22415 2684 6832 18089 300 1726 5 74057 29250 44807 17316 8434 18430 1292 139464 72242 67222 21797 15266 36519 300 4149 78031 -10809 true University of Delaware Scholarships for Students 5720 38360975 Fair Value Scholarships Delaware Need Based Grants 3351 15301057 Fair Value Financial Aid Athletic Scholarships 1287 10685266 Fair Value Scholarships Student Excellence Equals Degree Scholarship 389 1240651 Fair Value Scholarships Federal Supplemental Education Opportunity Grant 775 691279 Fair Value Scholarships University of Delaware Commitment to Delawareans 1140 7177633 Fair Value Scholarships University Endowment Scholarships 2853 6857404 Fair Value Scholarships Graduate Student Scholarships 7847 63292533 Fair Value Scholarships Graduate Student Fellowships 529 2734807 Fair Value Fellowships University Gift Scholarships 170 2642495 Fair Value Scholarships Other Scholarships and Grants 28 142765 Fair Value Financial Aid Delaware Merit Scholarships 390 1974400 Fair Value Scholarships Schedule I, Part I, Line 2 Monitoring the use of grant funds The University's oversight and controls over grant funds is facilitated by processes and controls inherent in our University's ERP system. Disbursement of funds are controlled by donor and institutional criteria that is monitored by both the system and collaboration between various departments of the University. A monthly review of funding is produced to monitor spending and reports are produced by development to provide additional oversight of scholarship recipients when providing reports to donors on the status of their gifts. X X X true true X X X X false false false false false false false true true true Patrick T Harker President 697437 0 143750 0 29049 0 28600 0 52080 0 950916 0 0 0 Domenico Grasso Provost 390862 0 24667 0 7500 0 28600 0 68163 0 519792 0 0 0 Scott R Douglass Exec VP & Treasurer 422698 0 115107 0 5500 0 28600 0 15363 0 587268 0 0 0 Alan Brangman VP, Fac & Aux Svcs 314138 0 15500 0 0 0 28600 0 15393 0 373631 0 0 0 Jeffrey Garland VP & University Secretary 200120 0 16667 0 0 0 23943 0 19558 0 260288 0 0 0 Nancy Brickhouse Deputy Provost 262745 0 0 0 0 0 28905 0 24273 0 315923 0 0 0 Carl W Jacobson VP Info Technology 263642 0 69593 0 0 0 35083 0 15310 0 383628 0 0 0 Monica Marie Taylor VP Univ Development 382458 0 47183 0 2035 0 28600 0 7993 0 468269 0 0 0 Dawn Thompson VP, Student Life 252028 0 12500 0 0 0 28600 0 7954 0 301082 0 0 0 Lawrence White VP & Gen Counsel 295156 0 29545 0 0 0 28600 0 4232 0 357533 0 0 0 Patricia Ann Plummer Wilson VP / Chief of Staff 223750 0 31413 0 0 0 27962 0 15357 0 298482 0 0 0 Deborah Hayes VP Communication 299676 0 24312 0 0 0 28600 0 8121 0 360709 0 0 0 Charles Riordan Vice Provost Research 292046 0 25000 0 0 0 28600 0 22629 0 368275 0 0 0 Kathleen Sharon Matt Dean 300823 0 0 0 0 0 28600 0 22522 0 351945 0 0 0 Babatunde A Ogunnaike Dean 335137 0 0 0 0 0 14300 0 23176 0 372613 0 0 0 Nancy M Targett Dean 264536 0 0 0 5000 0 29287 0 18537 0 317360 0 0 0 George H Watson Dean 315795 0 0 0 0 0 34524 0 8568 0 358887 0 0 0 Bruce William Weber Dean 415558 0 41284 0 0 0 28600 0 19396 0 504838 0 0 0 Mark Rieger Dean 242089 0 0 0 0 0 27066 0 15005 0 284160 0 0 0 Lynn Okagaki Dean 251865 0 0 0 0 0 27436 0 7415 0 286716 0 0 0 Keith Walter Chief Investment Officer 402768 0 300000 0 0 0 28600 0 19620 0 750988 0 0 0 Ann Ardis Former Dep Provost/ Professor 253176 0 0 0 5000 0 28328 0 12083 0 298587 0 0 0 Thomas LaPenta Chief Human Resources Officer 197283 0 0 0 0 0 21557 0 8125 0 226965 0 0 0 Eric Ziady Director, Athl & REC 307121 0 35000 0 37869 0 28600 0 13520 0 422110 0 0 0 Daniel Rich Professor 387160 0 0 0 0 0 40796 0 16697 0 444653 0 0 0 Donald Sparks Professor 286124 0 0 0 98686 0 41430 0 8321 0 434561 0 0 0 Tsu-Wei Chou Professor 290433 0 0 0 92169 0 40218 0 17031 0 439851 0 0 0 David Brock Head Coach Football 351204 0 0 0 40261 0 28600 0 21644 0 441709 0 0 0 Earl Monte Ross Head Coach Basketball 334734 0 37834 0 12032 0 28600 0 20563 0 433763 0 0 0 Schedule J, Part I, Line 1a Housing Allowance- The University's President is required to live in an on-campus residence. The arrangement meets the Internal Revenue Code Exclusion from gross income and is therefore excluded from compensation reported on the President's Form W-2. Schedule J, Part I, Line 1a Health and Social Club Dues - Certain current officers and key employees were provided benefits to health and social clubs totaling $46,402. It is the University's policy to treat the above items as taxable compensation and report the applicable amounts on the individual's Form W-2. Schedule J, Part I, Line 1a Personal Services - One University officer received personal services in the form of housekeeping services in the amount of $5,516. It is the University's policy to treat such personal services as taxable compensation and to report the applicable amounts on the officer's Form W-2. Schedule J, Part I, Line 7 Certain University officers received employment incentive payments totaling $669,355. This type of compensation is pursuant to the University's executive compensation process which ensures that the amount of total compensation is fair and reasonable, which are based upon achieving documented goals. Schedule J, Part I, Line 8 Certain University officers and key employees received hiring bonuses totaling $310,000 as part of their initial negogiated employment contracts. A UNIVERSITY OF DELAWARE 516000297 91425MAY3 2004-04-08 53457434 SEE PART VI false false false B UNIVERSITY OF DELAWARE 516000297 91425MAZ0 2005-07-14 49945000 SEE PART VI false false false C UNIVERSITY OF DELAWARE 516000297 91425MBW6 2009-12-17 70107432 SEE PART VI false false false D UNIVERSITY OF DELAWARE 516000297 91425MCD7 2010-11-18 119580000 SEE PART VI false false false A 0 0 54590166 0 0 8536682 366674 0 0 44554078 0 0 2005 true false true true B 0 0 51410087 0 0 12855147 307595 30000 0 36752258 0 0 2006 false true true true C 0 0 70107432 0 0 69614792 492640 0 0 0 0 0 true false true true D 0 0 119580000 0 0 980000 0 0 0 118600000 0 0 2011 false false true true A false false false false 0 false false false true B false false false false 0 false false false true C false false false false 0 false false false true D false false false false 0 false false false true A false true true true MORGAN STANLEY 30.6 false false false 0 false true B false true true true MORGAN STANLEY 30.6 false false false 0 false true C false true false false 0 false 0 false true D false true false false 0 false 0 false true A true B true C true D true SCHEDULE K, PART I, LINE A, COLUMN F IN APRIL 2004, THE UNIVERSITY ISSUED $12,070,000 OF SERIES 2004A REVENUE BONDS. APPROXIMATELY $8,041,000 OF THESE SERIES 2004A BONDS WERE USED TO RETIRE THE SERIES 1993 REVENUE NOTES. THE REMAINING PORTION WERE USED TO CONSTRUCT A PARKING GARAGE, TO DEMOLISH EXISTING UNIVERSITY DORMATORIES, TO CONSTRUCT THREE NEW DORMATORY BUILDINGS, AND FOR OTHER CAPITAL IMPROVEMENTS. IN APRIL 2004, THE UNIVERSITY ISSUED $40,835,000 OF SERIES 2004B VARIABLE RATE DEMAND REVENUE BONDS. THE BONDS WERE USED TO CONSTRUCT A PARKING GARAGE, TO DEMOLISH EXISTING UNIVERSITY DORMATORIES, TO CONSTRUCT THREE NEW DORMATORY BUILDINGS, AND FOR OTHER CAPITAL IMPROVEMENTS. SCHEDULE K, PART I, LINE B, COLUMN F IN JULY 2005, THE UNIVERSITY ISSUED $49,945,000 OF SERIES 2005 VARIABLE RATE DEMAND REVENUE BONDS. $37,880,000 OF THE SERIES 2005 BONDS WERE USED TO COMPLETE THE CONSTRUCTION OF THREE NEW DORMITORY BUILDINGS, THE DEMOLITION OF SOME EXISTING UNIVERSITY DORMITORIES, AND OTHER CAPITAL IMPROVEMENTS STARTED WITH PROCEEDS OF THE SERIES 2004B REVENUE BONDS. ALSO, $12,065,000 WAS USED TO ADVANCE REFUND A PORTION OF THE SERIES 1997 BONDS. SCHEDULE K, PART I, LINE C, COLUMN F IN DECEMBER OF 2009, THE UNIVERSITY ISSUED $64,000,000 OF SERIES 2009B REVENUE BONDS IN FIXED RATE MODE WITH THE SOLE PURPOSE OF REFUNDING THE SERIES 1998, 2001A, AND 2001B VARIABLE RATE DEMAND BONDS AND TERMINATING RELATED INTEREST RATE EXCHANGE AGREEMENTS. SCHEDULE K, PART I, LINE D, COLUMN F IN NOVEMBER 2010, THE UNIVERSITY ISSUED $119,580,000 OF SERIES 2010A BUILD AMERICA REVENUE BONDS IN FIXED RATE MODE WITH THE PURPOSE OF (1) PROVIDING FUNDS FOR THE CONSTRUCTION, ADDITION TO AND RENOVATION, AS APPLICABLE, TO THE FOLLOWING PROJECT FACILITIES: (I) BASKETBALL AND VOLLEYBALL FACILITY ADDITION TO THE BOB CARPENTER SPORTS/CONVOCATION CENTER, (II) CONSTRUCTION OF THE UNIVERSITY'S BOOKSTORE, (III) RENOVATIONS TO CARPENTER SPORTS BUILDING, (IV) RENOVATIONS TO THE BOB CARPENTER SPORTS/CONVOCATION CENTER, (V) CONSTRUCTION/RENOVATIONS TO EAST CAMPUS UTILITY PLANT, (VI) THE CONSTRUCTION OF HOUSING FOR APPROXIMATELY 800 DORMITORY BEDS, (VII) RECREATION UPGRADES TO FRAZIER FIELD AND (2) FUNDING THE COSTS OF ISSUANCE OF THE 2010A BONDS. SCHEDULE K, PART II, COLUMN A PROCEEDS- BOND ISSUE 2004 A/B LINE 3- INCLUDES INTEREST EARNINGS $1,132,732 LINE 6- NET OF DEBT SERVICE RESERVE FUND AND THE DEBT SERVICE FUND $2,697,958 SCHEDULE K, PART II, COLUMN B PROCEEDS- BOND ISSUE 2005 LINE 3- INCLUDES INTEREST EARNINGS $1,465,087 LINE 7- INCLUDES CREDIT ENHANCEMENT FEES $ 30,000 A UNIVERSITY OF DELAWARE 516000297 91425MDU8 2013-04-18 196950353 SEE PART VI false false false B UNIVERSITY OF DELAWARE 516000297 91425MES2 2015-05-28 59210782 SEE PART VI false false false A 0 0 196950353 0 0 79265720 760633 0 0 116924000 0 0 2015 true false true true B 0 0 59210782 0 0 0 510782 0 0 58700000 0 0 false false false true A false false false false 0 false false false true B false false false false 0 false false false true A false true true true MORGAN STANLEY 24.3 false false false 0 false true B false true false false 0 false 0 false true A true B true SCHEDULE K, PART I, COLUMN A - BOND ISSUE 2013 THE SERIES 2013A BONDS WERE ISSUED FOR THE PURPOSES OF PROVIDING FUNDS (I) TO FINANCE THE ACQUISITION, CONSTRUCTION, EQUIPPING AND INSTALLATION OF CERTAIN PROJECT FACITITIES INCLUDING BUT NOT LIMITED TO RENOVATIONS OF HARRINGTON HALL AND CARPENTER SPORTS CENTER, PURCHASE OF POD EQUIPMENT AND CONSTRUCTION OF NEW STUDENT HOUSING, (II) TO REFUND A PORTION OF CERTAIN PRIOR BONDS OF THE UNIVERSITY, (III) TO PAY THE TERMINATION PAYMENTS WITH RESPECT TO A PORTION OF CERTAIN INTEREST RATE EXCHANGE AGREEMENTS AND (IV) TO PAY THE COSTS OF ISSUING THE 2013A BONDS. THE SERIES 2013B TAXABLE BONDS WERE ISSUED FOR THE PURPOSE OF PROVIDING FUNDS (I) TO FINANCE THE ACQUISITION, CONSTRUCTION, EQUIPPING AND INSTALLATION OF A NEW DINING HALL AND (II) TO PAY THE COSTS OF ISSUING THE SERIES 2013B BONDS. THE 2013 C BONDS WERE ISSUED FOR THE PURPOSE OF PROVIDING FUNDS (I) TO CURRENTLY REFUND THE UNIVERSITY'S VARIABLE RATE REVENUE BONDS, SERIES 2009A AND (II) TO PAY THE COSTS OF ISSUING THE 2013C BONDS. SCHEDULE K, PART I, COLUMN B - BOND ISSUE 2015 THE SERIES 2015 BOND WAS ISSUED FOR THE PURPOSES OF PROVIDING FUNDS (I) TO FINANCE THE ACQUISITION, CONSTRUCTION, EQUIPPING AND INSTALLATION OF CERTAIN PROJECT FACITITIES INCLUDING BUT NOT LIMITED TO CONSTRUCTION OF NEW STUDENT HOUSING, AND (II) TO PAY THE COSTS OF ISSUING THE 2015 BONDS. Tuition 65829 Michael Moore Spouse of Kathleen Matt 145067 Employment false Timothy Targett Spouse of Nancy Targett 154405 Employment false Phillip Mink Spouse of Ann Ardis 69490 Employment false Lynn Jacobson Spouse of Carl Jacobson 69517 Employment false X 23 63967 Opinions of experts X 141255 Opinions of experts X 1245 Opinions of experts X 2 35960 Opinions of experts X 169 3685107 Median Stock Value X 2 2296000 Opinion of expert X 9 4465 Opinions of experts X 6 5500 Opinions of Experts X 2 4500 Opinions of Experts X Lab Equipment 8 40139 Opinions of experts X Film 1 300 Opinion of expert X Billboards 3 2700 Fair Rental Value 3 false true false Form 990, Part VI, Line 2 Two trustees are on the Board of Trustees of an entity which a trustee is an officer. Form 990, Part VI, Line 7a Eight of the University's trustees shall be appointed by the Governor of Delaware, by and with the consent of a majority of the members elected to the Delaware State Senate. Form 990, Part VI, Line 11b The University's Form 990 is prepared by the University's Finance Office and signed by the Vice Presidet for Finance. The Form 990 is reviewed by additional members of University management, including the Executive Vice President/ Treasurer and the General Counsel. It is also reviewed by the University's independent tax advisors who sign the return as "Paid Preparers." The Audit Visiting Committee of the Board of Trustees reviews and discusses the full Form 990 at its spring meeting (held in April 2016). Additionally, the full Form 990 is provided to the full Board of Trustees prior to the filing of the Form 990 with the IRS. Form 990, Part VI, Line 12c The Board of Trustees, Officers and key employees of the University, by virtue of their offices, have a fiduciary relationship with the University which requires that they act in good faith and with fidelity to the University's best interests. The University has written conflict of interest policies which are intended to permit the University and its Trustees, Officers and other key employees to identify, evaluate and address any conflict of interest that might call into question this fiduciary duty to the University. The conflict of interest policy covering Trustees is documented in the Bylaws of the Board of Trustees of the University, Section 1.4. The conflict of interest policies covering Officers and other senior administrators is documented in University policy 4-26, Policy on Disclosing and Managing Senior Administrators' Financial Conflicts of Interest. Conflict of interest policies covering other key employees are documented in the following University policies: 4-41, Professional and Salaried Staff Code of Ethics and 6-11, Faculty and Professional Staff Involvement in Commercial Enterprises that have Relationships with the University of Delaware. Each Trustee, Officer and key employee is required to report any conflicts of interest to the University as soon as practical after they become aware of such a conflict. Each Trustee, Officer and key employee shall also annually complete a Conflict of Interest Questionnaire. The University monitors compliance with its conflict of interest policies by review of the annual conflict of interest questionnaires by the Office of General Counsel and the office of the Vice President for Finance. If conflicts of interest exist for officers and key employees, the President (or his designee) determines the corrective measure, if any, to be taken to resolve the conflict, or will impose appropriate restrictions, if any on the person with the conflict. For conflicts of interest involving the President or Trustees, the Audit Visiting Committee of the Board of Trustees will be notified of the conflict and will recommend to the Executive Committee of the Board of Trustees the corrective measures, if any, to be taken to resolve the conflict or appropriate restrictions, if any to be imposed on the person with the conflict. The Executive Committee of the Board of Trustees, excluding such conflicted person, has the final approval of any recommended corrective measures or imposed restrictions. Such restrictions require excluding conflicted persons from discussion and approval of transactions benefitting them, directly or indirectly. Form 990, Part VI, Line 15a The compensation of all Officers of the University is reviewed and approved annually by the Compensation Committee of the Board of Trustees, and is subsequently reviewed and approved by the Executive Committee of the Board of Trustees. Such process includes the use of benchmark compensation data and 3rd party experts. The Officers' compensation process is contemporaneously documented by the Compensation Committee of the Board of Trustees. The compensation of key employees is set by their respective supervising Officer within the constraints of the University's operating budget, which is reviewed and approved by the Finance Committee of the Board of Trustees, and subsequently by the full Board of Trustees. The Key Employees' compensation process is contemporaneously documented by the University. Form 990, Part VI, Line 15b See above Form 990, Part VI, Line 19 The University's governing documents, conflict of interest policies and audited financial statements are available as public information on the University's website, and in hardcopy upon request. In addition, the University's Form 990, Form 990-T and IRS Determination Letter are made available for public review upon request. Form 990, Part XI, Line 9 Increase in Post- Retirement Obligation ($123,857,146) Nonoperating Other Ajustments 16,306,387 BLUE HEN HOTEL LLC HULLIHEN HALL STE 220 NEWARK DE 19716 510411499 HOTEL DE 5846672 16632932 Univ of DE 1743 HOLDINGS LLC HULLIHEN HALL STE 220 NEWARK DE 19716 271332816 RESEARCH DE 2545593 44893454 Univ of DE University of DE Alumni Assoc Inc 24 E MAIN STREET NEWARK DE 19716 516016065 SCHOLARSHIP DE 501(C )(3) 11-III FI NA false UNIVERSITY OF DELAWARE RESEARCH FDN 220 HULLIHEN HALL NEWARK DE 19716 516017306 RESEARCH DE 501(C )(3) 11-III O NA false UNIVERSITY OF DE LIBRARY ASSOCIATES INC UNIVERSITY OF DE LIBRARY NEWARK DE 19716 516017971 DONATIONS DE 501(C )(3) 11-III FI NA false BARTOL RESEARCH FDN CO FRANKLIN INSTIT 222 N 20TH STREET PHILADELPHIA PA 19103 232482657 RESEARCH PA 501(C )(3) 11-I Franklin Ins false KARL W BOER SOLAR ENERGY MEDAL OF MERIT C/O RALF R BOER TRUSTEE MILWAUKEE WI 53202 396596448 AWARD DE 501(C )(3) 11-I NA false UNIDEL Foundation Inc PO BOX 1146 Wilmington DE 19899 516015046 GRANTS DE 501(C )(3) 11-III O NA false ARLINGTON FUND 1 LLC 100 SUMMER STREET BOSTON MA 02110 470900223 INVESTMENTS DE Univer of DE Excluded 2331022 2103647 false true 0.99000 FIRST STATE MARINE WIND LLC 2050 CABOT BOULEVARD WEST LANGHORNE PA 19047 383809186 PWR GENERAT DE Blue Hen Wd -57987 2949877 false 0 false 0.68880 BLUE HEN WIND INC 124 C HULLIHEN NEWARK DE 19716 352377140 INVESTMENTS DE NA C Corp -59015 2586664 1.00000 true University of DE Student Housing FND 220 Hullihen Hall Newark DE 19716 311779506 Inactive DE NA C Corp 1.00000 true false false true false false false false false false false false false false true true false false false false University of DE Library Associates Inc c 101000 Cash Dist. University of DE Research Foundation c 425000 Cash Dist. UNIDEL Foundation Inc c 8952600 Cash Dist. University of DE Alumni Association Inc c 99564 Cash Dist. See Sch RPart VII Supplemental Info n See Sch RPart VII Supplemental Info o SCHEDULE R, PART V, LINE 2 (N) & (O) THE UNIVERSITY PROVIDES, WITHOUT COMPENSATION, BOOKKEEPING AND OTHER ADMINISTRATIVE SERVICES TO THE UNIVERSITY OF DELAWARE ALUMNI ASSOCIATION, UNIVERSITY OF DELAWARE RESEARCH FOUNDATION, UNIVERSITY OF DELAWARE LIBRARY ASSOCIATES, INC., BLUE HEN WIND INC. AND FIRST STATE MARINE WIND LLC. UNIVERISTY PERSONNEL RECEIVE NO COMPENSATION FROM THESE ORGANIZATIONS.