2015-03-10T09:00:38-05:00 2014-05-31 390859910 BAKER TILLY VIRCHOW KRAUSE LLP 46 PUBLIC SQUARE SUITE 400 WILKESBARRE PA 18701 990 2013-06-01 240795506 WILKES UNIVERSITY WILK 5704084500 84 WEST SOUTH STREET WILKES BARRE PA 18766 LOREN D PRESCOTT JR VICE PRESIDENT OF FINANCE 5704084500 2015-03-05 1 JULIUS GREEN CPA P00350393 5708200100 2015-03-05 2013 2016-02-25 16:41:14Z PRESIDENT PATRICK LEAHY 84 WEST SOUTH ST WILKES BARRE PA 18766 132470333 0 X WWW.WILKES.EDU X 1933 PA TO EDUCATE THROUGH A COMMITMENT TO ATTENTION, EXCEPTIONAL TEACHING AND ACADEMIC EXCELLENCE. 31 29 1762 349 0 0 9488943 4830767 98909834 105585785 2859039 3737842 2192144 2492225 113449960 116646619 28672127 29820503 0 0 44912659 45713027 45600 0 1112558 29408687 33063320 103039073 108596850 10410887 8049769 189461510 201908746 94658530 97951293 94802980 103957453 X PLEASE SEE SCHEDULE O FOR DETAIL.TO CONTINUE THE WILKES TRADITION OF LIBERALLY EDUCATING OUR STUDENTS FOR LIFELONG LEARNING AND SUCCESS IN A CONSTANTLY EVOLVING AND MULTICULTURAL WORLD THROUGH A COMMITMENT TO INDIVIDUALIZED ATTENTION, EXCEPTIONAL TEACHING, SCHOLARSHIP AND ACADEMIC EXCELLENCE, WHILE CONTINUNING THE UNIVERSITY'S COMMITMENT TO COMMUNITY ENGAGEMENT. 0 0 32684810 93059299 INSTRUCTION INCLUDES ALL EXPENDITURES FOR ACTIVITIES THAT ARE PART OF THE INSTITUION'S INSTRUCTIONAL PROGRAMS. THIS INCLUDES CREDIT AND NON-CREDIT COURSES, ACADEMIC, VOCATIONAL, AND TECHNICAL INSTRUCTION. THE UNIVERSITY OFFERS 37 UNDERGRADUATE MAJORS, 13 GRADUATE PROGRAMS AND SEVERAL PRE-PROFESSIONAL PROGRAMS. ENROLLMENT INCLUDES 2,181 FULL-TIME UNDERGRADUATE STUDENTS FROM OVER 17 STATES AND 11 FOREIGN COUNTIRES. CLASS SIZES ARE KEPT SMALL TO ENABLE GREATER ACCESS TO PROFESSORS AND MORE INDIVIUALIZED ATTENTION IN THE CLASSROOM. UNDERGRADUATE FRESHMAN CLASS SIZES AVERAGE 24 STUDENTS WITH 20 STUDENTS FOR UPPER LEVEL CLASSES. WILKES IS DEDICATED TO BEING A LEADER IN HIGHER EDUCATION THROUGHOUT THE NORTHEASTERN UNITED STATES AND IS DEDICATED TO ACADEMIC EXCELLENCE THROUGH MENTORING. 32405442 29820503 SCHOLARSHIP- INCLUDES EXPENDITURES FOR GENERAL, NEED BASED, AND ENDOWMENT SCHOLARSHIPS AND FELLOWSHIPS FROM RESTRICTED OR UNRESTRICTED CURRENT FUNDS IN THE FORM OF GRANTS TO STUDENTS, RESULTING FROM SELECTION BY DIVISION OF ENROLLMENT MANAGEMENT. AT LEAST 90% OF STUDENTS RECEIVED SOME SORT OF FINANCIAL AID. GRANTS AWARDED INCLUDE PENNSYLVANIA STATE GRANTS (PHEAA) AND WILKES NEED BASED GRANTS. ALSO INCLUDED IS TUITION REMISSION FOR OTHER LOCAL COLLEGES AND PROGRAMS. 10434976 12526486 STUDENT SERVICES INCLUDES FUNDS EXPENDED FOR ACTIVITIES WITH THE PRIMARY PURPOSE OF CONTRIBUTING TO THE STUDENT'S EMOTIONAL AND PHYSICAL WELL-BEING AND INTELLECTUAL, CULTURAL, AND SOCIAL DEVELOPMENT OUTSIDE THE CONTEXT OF THE FORMAL INSTRUCTION PROGRAM. WILKES CLASSIFIES THE FOLLOWING OFFICES INTO THIS PROGRAM: OFFICES OF ENROLLMENT SERVICES (ADMISSIONS), REGISTRAR, FINANCIAL AID ADMINISTRATION, CAREER SERVICES, AND HEALTH AND WELLNESS SERVICES. IN ADDITION, EXPENDITURES FOR STUDENT ACTIVITIES, CULTURAL EVENTS, INTRAMURAL AND INTERCOLLEGIATE ATHLETICS, FRESHMAN ORIENTATION, AND STUDENT CLUBS AND ORGANIZATIONS ARE CONSIDERED STUDENT SERVICES FOR FINANCIAL STATEMENT PURPOSES. 10221573 ACADEMIC SUPPORT INCLUDES FUNDS EXPENDED TO PROVIDE SUPPORT SERVICES FOR THE INSTITUTION'S PRIMARY MISSION OF INSTRUCTION, RESEARCH, AND PUBLIC SERVICE. THE ACADEMIC ADMINISTRATION OF THE UNIVERSITY INCLUDING THE ACADEMIC DEANS BUT NOT DEPARTMENT CHAIRS THAT ARE CHARGED TO THEIR PRIMARY FUNCTION CATEGORY ARE FOUND IN THIS PROGRAM. ALL SALARIES, BENEFITS, AND OTHER EXPENSES FOR THE LIBRARY ARE ALSO CONSIDERED ACADEMIC SUPPORT. 1034944 RESEARCH INCLUDES ALL EXPENDITURES FOR ACTIVITIES SPECIFICALLY ORGANIZED TO PRODUCE RESEARCH, WHETHER COMMISSIONED BY AN AGENCY EXTERNAL TO THE INSTITUTION OR SEPARATELY BUDGETED WITHIN THE UNIVERSITY. CHARGED TO THIS PROGRAM ARE EXPENDITURES RELATED TO THE INSTITUTE FOR PUBLIC POLICY AND ECONOMIC DEVELOPMENT, A PARTNERSHIP AMONG SEVERAL LOCAL COLLEGES WITH THE FUNCTION OF PRODUCING RESEARCH TO ASSIST COMMUNITY LEADERS IN MAKING INFORMED DECISIONS. IN ADDITION TO THIS, THE EXPENSES OF SEVERAL RESEARCH GRANTS ARE RECORDED TO THE RESEARCH CLASSIFICATION. 773307 PUBLIC SERVICE INCLUDES FUNDS EXPENDED FOR ACTIVITIES ESTABLISHED PRIMARILY TO PROVIDE NON-INSTRUCTIONAL SERVICES BENEFICIAL TO INDIVIDUALS AND GROUPS EXTERNAL TO THE UNIVERSITY. THE EXPENSES OF THE SMALL BUSINESS DEVELOPMENT CENTER, RADIO AND TELEVISION STUDIOS AND SEVERAL COMMUNITY LECTURE SERIES ARE AMONG THOSE POSTED TO THIS PROGRAM. 12029824 87555052 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 1 1 0 1 1 1 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 1 7144 0 1 1762 1 0 0 0 0 0 1 1 0 0 0 0 X 31 29 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 PA X JANET KOBYLSKI 5704084501 84 WEST SOUTH STREET WILKES BARRE PA 18766 PATRICK LEAHY PRESIDENT 75.00 X 346985 0 41842 MICHAEL SPEZIALE VP OF STRATEGIC INITIATIVE 50.00 X 247308 0 14176 LOREN PRESCOTT VP, FINANCE/GENERAL COUNSEL 60.00 X 192636 0 25566 TERESE WIGNOT PROVOST (INTERIM) 60.00 X 147385 0 21930 PAUL ADAMS VP, STUDENT AFFAIRS 50.00 X 137397 0 21894 MICHAEL WOOD VP, ADVANCEMENT 50.00 X 137260 0 52532 MELANIE WADE VP, ENROLLMENT SERVICES 50.00 X 141802 0 12130 JOHN R MILLER TRUSTEE, CHAIR 11.00 X X 0 0 0 DANIEL CARDELL TRUSTEE, VICE CHAIR 10.00 X X 0 0 0 VIRGINIA SIKES TRUSTEE, TREASURER/ASST SECRETARY 9.00 X X 0 0 0 MICHAEL J MAHONEY TRUSTEE, SECRETARY/ASST TREASURER 9.00 X X 0 0 0 REVEREND MICHAEL BREWSTER TRUSTEE 1.00 X 0 0 0 LAURA CARDINALE TRUSTEE 3.00 X 0 0 0 TERRY CASEY TRUSTEE 2.00 X 0 0 0 RANDY MARK TRUSTEE 2.00 X 0 0 0 CHARLES F COHEN TRUSTEE 3.00 X 0 0 0 JEFF DAVIDOWITZ TRUSTEE 6.00 X 0 0 0 JASON GRIGGS TRUSTEE 7.00 X 0 0 0 CHRIS HACKETT TRUSTEE 3.00 X 0 0 0 DAVID HADLEY TRUSTEE 3.00 X 0 0 0 WILLIAM HANBURY TRUSTEE 3.00 X 0 0 0 JOHN KERR TRUSTEE 3.00 X 0 0 0 CAROL KEUP TRUSTEE 1.00 X 0 0 0 MILAN S KIRBY TRUSTEE 3.00 X 0 0 0 DANIEL KLEM JR TRUSTEE 4.00 X 0 0 0 DOROTHY DARLING MANGELSDORF TRUSTEE 1.00 X 0 0 0 MELANIE MASLOW LUMIA TRUSTEE 2.00 X 0 0 0 GEORGE MATZ TRUSTEE 3.00 X 0 0 0 WILLIAM R MILLER TRUSTEE 3.00 X 0 0 0 GERALD A MOFFATT TRUSTEE 7.00 X 0 0 0 GEORGE PAWLUSH TRUSTEE 6.00 X 0 0 0 THOMAS RALSTON TRUSTEE 3.00 X 0 0 0 HEDY RITTENMEYER TRUSTEE 7.00 X 0 0 0 STEVEN ROTH TRUSTEE 3.00 X 0 0 0 JAY S SIDHU TRUSTEE 3.00 X 0 0 0 DOUG STRAUB TRUSTEE 2.00 X 0 0 0 ELIZABETH SLAUGHTER TRUSTEE 3.00 X 0 0 0 MATTHEW SORDONI TRUSTEE 4.00 X 0 0 0 BERNARD GRAHAM DEAN PHARMACY SCHOOL 50.00 X 176816 0 24363 DALE BRUNS DEAN SCIENCE/ENGINEERING 50.00 X 157649 0 21677 JEFFREY ALVES DEAN BUSINESS SCHOOL 50.00 X 156403 0 21744 RODNEY RIDLEY PROFESSOR/CHAIR SCIENCE/ENGINEERING 50.00 X 147102 0 20556 TERI OOMS EXEC DIRECTOR PUBLIC POLICY/ECON DEV 50.00 X 141815 0 11192 JOHN STACHACZ DEAN LIBRARY AND IT 50.00 X 134317 0 20668 GLORIA BARLOW CHIEF INFORMATION OFFICER 50.00 X 137727 0 12165 MARY KROPIEWNICKI ASSOCIATE PROFESSOR/CHAIR EDUCATION 50.00 X 129873 0 13092 JOSEPH GILMOUR FORMER PRESIDENT 0.00 X 149416 0 16307 2681891 0 351834 59 1 1 0 SODEXO INC & AFFILIATES 9801 WASHINGTONIAN BLVD GAITHERSBURG MD 20878 FOOD SERVICE 3365614 ELLUCIAN COMPANY LP 62590 COLLECTIONS CENTER DRIVE CHICAGO IL 60693 COMPUTER MGMT SERVICES 2206949 LEARNING SCIENCES INTERNATIONAL 175 CORNELL ROAD BLAIRSVILLE PA 15717 GRADUATE COURSE PROVIDER 816414 SORDONI CONSTRUCTION COMPANY 45 OWEN STREET FORTY FORT PA 18704 CONSTRUCTION MANAGEMENT 661505 160 OVER 90 1 SOUTH BROAD STREET PHILADELPHIA PA 19107 MARKETING SERVICES 299117 13 17580 2348916 2464271 4514 4830767 TUITION AND FEES 900099 93059299 93059299 AUXILIARY ACTIVITIES- SALES AND S 900099 12526486 12526486 105585785 1336528 1336528 30746 30746 117000 117000 58137 40282 17855 17855 17855 18074829 65415 15750802 18874 2324027 46541 2370568 2370568 14367 17580 13756 611 611 ENDOWMENT DRAWDOWNS 900099 1675800 1675800 MISCELLANEOUS INCOME 900099 225688 225688 TEAM PROGRAM REVENUE 900099 117430 117430 337841 337841 2356759 116646619 105585785 0 6230067 29820503 29820503 2254081 604308 1649773 48195 48195 34734191 28515957 5533334 684900 1678811 1524973 117287 36551 4500537 4237980 205797 56760 2497212 2192585 252664 51963 98837 5716 93121 91090 91090 246071 6709 239362 6966283 5240066 1670757 55460 1158559 193790 964724 45 2872723 1379221 1420949 72553 3073902 1676403 1392580 4919 4049973 2946417 1103556 1257146 1147727 69292 40127 208018 172138 33436 2444 3563420 2026455 1536965 4548373 2586651 1961722 402752 402752 ENTERTAINMENT 1150456 915474 177345 57637 PRINTING AND PUBLICATIO 864473 494266 313822 56385 EQUIPMENT MAINTENANCE 700707 169081 519927 11699 OTHER 698317 365311 274275 58731 1112220 930569 259267 -77616 108596850 87555052 19929240 1112558 3602 25386031 31997502 4070821 3131365 1638089 1171001 443679 456611 170762666 70805358 97098120 99957308 39472821 42653632 16817203 17734380 2968823 3215858 1565923 1587487 189461510 201908746 10701105 8306929 835004 1714116 73199581 77689131 6137 9916703 10241117 94658530 97951293 X 48625141 59837038 20605526 17712276 25572313 26408139 94802980 103957453 189461510 201908746 X 8049769 -6072 1110776 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1446000 X 0 40534859 366481 4714391 1675800 210453 43729478 35737685 238664 6193223 1440800 193913 40534859 38292348 229858 -1283157 1317000 184364 35737685 32667073 551885 6619932 1363000 183542 38292348 29448828 906589 4155073 1675095 168322 32667073 0.26390 0.43420 0.30190 0 0 5261356 5261356 135554448 50027349 85527099 16023201 11961840 4061361 13923661 8816169 5107492 99957308 BENEFICIAL INTEREST IN TRUSTS (BY OTHERS) 7423385 F ALTERNATIVE INVESTMENTS 6200796 F FUNDS HELD IN TRUST FOR OTHERS 4100036 F REAL ESTATE INVESTMENT TRUST 10163 F 17734380 DEPOSITS HELD IN CUSTODY 86266 LIABILITY UNDER SPLIT INTEREST 393468 INVESTMENTS HELD IN TRUST FOR OTHERS 4100036 ADVANCES FROM FEDERAL GOVERNMENT 3442849 UNAMORTIZED BOND PREMIUM 1156757 POSTRETIREMENT BENEFITS 1061741 10241117 X 87760307 -6072 54038 47966 87712341 224552 28709726 28934278 116646619 78605834 54038 54038 78551796 224552 29820502 30045054 108596850 PART III, LINE 4: A COLLECTION OF ART WORK IS MAINTAINED BY THE UNIVERSITY PURELY FOR PUBLIC DISPLAY BOTH IN THE ART GALLERY AND ON CAMPUS. THEY ARE NOT HELD FOR SALE. PART V, LINE 4: THE INTENDED USE OF THE UNIVERSITY'S ENDOWMENT FUNDS IS TO FUND SCHOLARSHIPS AS WELL AS DEPARTMENTAL CHAIRS AND TO SUPPORT OPERATING EXPENSES. PART X, LINE 2: THE UNIVERSITY IS INCORPORATED IN THE COMMONWEALTH OF PENNSYLVANIA AS A NONPROFIT ORGANIZATION. THE UNIVERSITY HAS RECEIVED A DETERMINATION FROM THE INTERNAL REVENUE SERVICE THAT IT IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE UNIVERSITY AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF THE UNIVERSITY HAS TAKEN AN UNCERTAIN TAX POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UNDER EXAMINATION BY THE IRS. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE UNIVERSITY, AND HAS CONCLUDED THAT AS OF MAY 31, 2014, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE UNIVERSITY IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS, HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIOD IN PROGRESS. THE UNIVERSITY'S FORM 990, RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX FOR THE YEARS ENDED MAY 31,2011 THROUGH MAY 31,2014 REMAIN SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE. PART XI, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENTS 13,756. RENTALS EXPENSES 40,282. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIP AID 29,037,152. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS -327,426. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENTS 13,756. RENTAL EXPENSES 40,282. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIP AID 29,037,152. STUDENT LOANS DISBURSED 783,350. 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 PUBLICATIONS IN THE AREAS OF RECRUITMENT PUBLICIZE THE UNIVERSITY'S NON-DISCRIMINATORY POLICY. SCHEDULE E, PART I, LINE 6 THE ORGANIZATION RECEIVED ASSISTANCE THROUGH THE FOLLOWING: LOAN PROGRAMS (PERKINS AND NURSING), SEOG, COLLEGE WORK STUDY, IAG (INSTITUTIONAL ASSISTANCE GRANT), PELL GRANT, MISCELLANEOUS NEED-BASED PHEAA GRANTS, NATIONAL GUARD AWARDS, AND PRIVATE SCHOLARSHIPS (ROTC PROGRAM). EUROPE 0 0 PROGRAM SERVICES RECRUITING, EDUCATION 5627 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES RECRUITMENT 64450 SUB SAHARAN AFRICA 0 0 PROGRAM SERVICES RECRUITMENT AND EDUCATION 2800 EUROPE 0 0 INVESTMENTS - ALTERNATIVE INVESTMENTS 411832 CENTRAL AMERICA/ CARIBBEAN 0 0 INVESTMENTS - ALTERNATIVE INVESTMENTS 3325297 NORTH AMERICA 0 0 INVESTMENTS - ALTERNATIVE INVESTMENTS 64597 SUB-SAHARAN AFRICA 0 0 INVESTMENTS - ALTERNATIVE INVESTMENTS 34743 EAST ASIA AND THE PACIFIC 0 0 INVESTMENTS - ALTERNATIVE INVESTMENTS 32066 SOUTH AMERICA 0 0 PROGRAM SERVICES RECRUITING, EDUCATION 24498 SOUTH ASIA 0 0 PROGRAM SERVICES EDUCATION 1989 SOUTH ASIA 0 1 PROGRAM SERVICES EDUCATION 2500 EAST ASIA AND THE PACIFIC 0 1 PROGRAM SERVICES RECRUITMENT 3750 MIDDLE EAST AND NORTH AFRICA 0 1 PROGRAM SERVICES RECRUITMENT 26250 0 0 0 3 0 3 3941412 58987 4000399 1 0 0 0 0 0 PART I, LINE 2: THE AWARDING OF FUNDS FOLLOWS THE GUIDELINES OF THE FINANCIAL AID PROCESS. CHWALEK GOLF TOURNAMENT 16540 8650 7890 2102 500 6297 220 ALTERNATIVE SPRING BREAK TRIP 15407 8930 6477 451 4186 31947 17580 14367 2102 500 6748 4406 13756 611 1 NAMED SCHOLARSHIPS 268 1345903 NEED BASED GRANTS AND SCHOLARSHIPS 1355 9522130 OTHER SCHOLARSHIPS 1747 16910151 REMISSIONS - UPWARD BOUND ETC 689 1258968 STUDENT LOANS DISBURSED 371 783351 PART I, LINE 2: WILKES UNIVERSITY MAINTAINS A COMPREHENSIVE PROGRAM OF FINANCIAL AID TO ASSIST STUDENTS IN THE FINANCING OF THEIR EDUCATION. THE UNIVERSITY AWARDS BOTH MERIT SCHOLARSHIPS AND NEED-BASED GRANTS TO UNDERGRADUATE STUDENTS. MERIT AWARDS ARE BASED ON HIGH SCHOOL ACHIEVEMENT INCLUDING SAT SCORES AND HIGH SCHOOL CLASS RANK. STUDENTS MUST COMPLETE THE FREE APPLICATION FOR FEDERAL STUDENT AID TO HAVE THEIR ELIGIBILITY FOR NEED-BASED AID DETERMINED. X X X 1 1 X X X 0 0 0 0 0 0 0 0 0 PATRICK LEAHY PRESIDENT 343902 0 0 0 3083 0 25250 0 16592 0 388827 0 0 0 MICHAEL SPEZIALE VP OF STRATEGIC INITIATIVE 162478 0 81352 0 3478 0 13727 0 449 0 261484 0 0 0 LOREN PRESCOTT VP, FINANCE/GENERAL COUNSEL 189511 0 0 0 3125 0 16555 0 9011 0 218202 0 0 0 TERESE WIGNOT PROVOST (INTERIM) 147385 0 0 0 0 0 12827 0 9103 0 169315 0 0 0 PAUL ADAMS VP, STUDENT AFFAIRS 136007 0 0 0 1390 0 12184 0 9710 0 159291 0 0 0 MICHAEL WOOD VP, ADVANCEMENT 136226 0 0 0 1034 0 12139 0 40393 0 189792 0 0 0 MELANIE WADE VP, ENROLLMENT SERVICES 139369 0 0 0 2433 0 11759 0 371 0 153932 0 0 0 BERNARD GRAHAM DEAN PHARMACY SCHOOL 176816 0 0 0 0 0 15489 0 8874 0 201179 0 0 0 DALE BRUNS DEAN SCIENCE/ENGINEERING 147172 0 0 0 10477 0 12870 0 8807 0 179326 0 0 0 JEFFREY ALVES DEAN BUSINESS SCHOOL 142003 0 0 0 14400 0 12870 0 8874 0 178147 0 0 0 RODNEY RIDLEY PROFESSOR/CHAIR SCIENCE/ENGINEERING 140105 0 0 0 6997 0 11164 0 9392 0 167658 0 0 0 TERI OOMS EXEC DIRECTOR PUBLIC POLICY/ECON DEV 124485 0 15000 0 2330 0 10806 0 386 0 153007 0 0 0 JOHN STACHACZ DEAN LIBRARY AND IT 133136 0 0 0 1181 0 11825 0 8843 0 154985 0 0 0 JOSEPH GILMOUR FORMER PRESIDENT 126513 0 0 0 22903 0 11422 0 4885 0 165723 0 0 0 PART I, LINE 1A HEALTH OR SOCIAL CLUB DUES - ALL UNIVERSITY EMPLOYEES WERE OFFERED A MEMBERSHIP AT THE LOCAL YMCA. IN ADDITION, CERTAIN MEMBERS OF THE PRESIDENT'S CABINET BELONGED TO A LOCAL SOCIAL CLUB WHICH REQURIED DUES OF $115 PER MONTH. THE SOCIAL CLUB MEMBERSHIPS ARE FOR BUSINESS PURPOSES ONLY. THE HEALTH OR SOCIAL CLUB DUES WERE NOT TREATED AS TAXABLE COMPENSATION. HOUSING ALLOWANCE - JEFFREY ALVES IS PROVIDED A HOUSING ALLOWANCE PURSUANT TO HIS EMPLOYMENT AS THE DEAN OF THE BUSINESS SCHOOL. THE HOUSING ALLOWANCE IS TREATED AS TAXABLE COMPENSATION TO HIM, AND IS PROVIDED ON HIS FORM W-2. FOR THE CALENDAR YEAR 2013, THE HOUSING ALLOWANCE TOTAL WAS $14,400. TRAVEL FOR COMPANIONS - TRAVEL FOR COMPANIONS WAS FOR THE PRESIDENT'S SPOUSE. NO PART OF THE TRAVEL FOR COMPANIONS WAS TREATED AS TAXABLE COMPENSATION. THE BOARD'S CONTRACTUAL AGREEMENT WITH THE PRESIDENT AUTHORIZED REIMBURSEMENT FOR TRAVEL FOR THE SPOUSE WHEN HER PRESENCE IS DEEMED BY THE PRESIDENT TO BE IN FURTHERANCE OF THE MISSION OF THE UNIVERSITY. THE UNIVERSITY KEPT RECEIPTS TO DOCUMENT TRAVEL. A CITY OF WILKES BARRE FINANCE AUTHORITY SERIES 2007 968254AC6 2007-05-30 54134142 REFUNDING BONDS AND PREPAYING 0 0 0 B NORTHEASTERN PA HOSPITAL & EDUCATION AUTHOR SERIES A 237394107 664556BD8 2012-05-09 16956391 FINANCE NEW FACILITY 0 0 0 C NORTHEASTERN PA HOSPITAL & EDUCATION AUTHOR SERIES B 237394107 2012-04-13 15000000 FINANCE NEW FACILITY 0 0 0 A 54134142 2127750 51254416 738963 13013 2007 1 1 1 1 B 16956391 1657500 284230 15014661 2013 0 0 0 1 C 6860869 15000000 139234 7999897 2013 0 0 0 1 A 1 1 1 1 0 0.00000 0.02260 0.02260 0 0 1 B 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 C 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 0 1 1 0 0 0 1 B 0 0 0 1 0 0 0 0 1 C 0 0 0 1 1 0 0 0 1 A 1 B 1 C 1 SCHEDULE K, PART III, LINE 1 WILKES UNIVERSITY IS THE SOLE MEMBER OF WU REAL ESTATE, LLC, WHICH IS A DISREGARDED ENTITY OF THE UNIVERSITY. WU REAL ESTATE LLC'S OWNERSHIP OF BOND FINANCED FACILITIES IS THEREFORE TREATED AS OWNERSHIP BY A 501(C)(3) ENTITY. SCHEDULE K, PART III, LINE 5 THE PERCENTAGE SHOWN ON PART III, LINE 5 REPRESENTS RENT RECEIVED FROM ELDERLY HOLDOVER TENANTS OF A BUILDING PURCHASED BY THE UNIVERSITY TO PROVIDE STUDENT HOUSING. THESE NON-STUDENT TENANTS ARE PERMITTED TO STAY IN THE BUILDING UNTIL THE TENANT DECIDES TO TERMINATE THE LEASE. THE PERCENTAGE IS CALCULATED ON THE BASIS OF ONE BUILDING WHICH WAS FINANCED BY APPROXIMATELY 19.63% OF THE PROCEEDS OF THE BOND ISSUE, AND OVER THE TERMS OF THE BONDS. AS THESE NON-STUDENT LEASES ARE TERMINATED, THE UNIVERSITY EXPECTS THAT THE UNRELATED USE WILL DROP TO 0% AND REPRESENT A VERY SMALL PORTION OF THE USE OF THE BUILDING. SCHEDULE K, PART III, LINE 6 THIS PERCENTAGE REPRESENTS USE OF ONLY ONE BUILDING FINANCED WITH APPROXIMATELY 19.63% OF THE BOND PROCEEDS. THE USE AS MEASURED OVER THE ENTIRE BOND ISSUE IS LESS THAN 1% OF THE BOND PROCEEDS FOR THE ANNUAL PERIOD COVERED BY SCHEDULE K. SCHEDULE K, PART IV, LINE 2C WITH RESPECT TO ISSUE A, THE REBATE COMPUTATION WAS PERFORMED ON 3/1/14. SCHEDULE K, PART IV, LINE 2C WITH RESPECT TO ISSUE B, THE REBATE COMPUTATION WAS PERFORMED ON 5/8/14. SCHEDULE K, PART IV, LINE 2C WITH RESPECT TO ISSUE C, THE REBATE COMPUTATION WAS PERFORMED ON 4/12/14. SCHEDULE K, PART IV, LINE 7 ALTHOUGH WILKES HAS ADOPTED MANAGEMENT PRACTICES AND PROCEDURES TO ENSURE POST ISSUANCE COMPLIANCE OF ITS TAX EXEMPT BOND LIABILITIES, THESE PRACTICES AND PROCEDURES WERE IN A DRAFT FORM AT THE END OF WILKES' TAX YEAR. MATTHEW SORDONI TRUSTEE, SEE BELOW 250419 CONSTRUCTION SERVICES 0 DENISE CESARE FORMER TRUSTEE, SEE BELOW 1341303 HEALTH INSURANCE PLAN 0 SCHEDULE L, PART IV MATTHEW SORDONI IS A MEMBER OF THE UNIVERSITY'S BOARD OF TRUSTEES AND ALSO HAS A FAMILY RELATIONSHIP WITH THE OWNER OF SORDONI CONSTRUCTION SERVICES, INC.DENISE CESARE IS A FORMER MEMBER OF THE UNIVERSITY'S BOARD OF TRUSTEES AND IS ALSO THE PRESIDENT AND CEO OF BLUE CROSS OF NEPA.ALL CONTRACTS IN THE ABOVE RELATIONSHIPS ARE CONTRACTED AT ARM'S LENGTH THROUGH THE UNIVERSITY'S PROCUREMENT PROCESS WHICH INCLUDES A COMPETITIVE BID PROCESS AND THE PERSONS DISCLOSED ARE NOT PART OF THE DECISION MAKING PROCESS. FORM 990, PART VI, SECTION B, LINE 11 WILKES UNIVERSITY HAS ESTABLISHED A REVIEW PROCESS FOR THE FORM 990. ONCE THE DRAFT FORM 990 RETURN IS RECEIVED, IT IS REVIEWED BY THE CONTROLLER'S OFFICE. AFTER THIS REVIEW, IT IS SENT TO THE VP OF FINANCE AND GENERAL COUNSEL. A FINAL REVIEW IS THEN DONE BY THE BOARD OF TRUSTEES BEFORE THE RETURN IS FILED. FORM 990, PART VI, SECTION B, LINE 12C WILKES UNIVERSITY'S CONFLICT OF INTEREST POLICY COVERS ALL BOARD MEMBERS AND ANY INDIVIDUAL THAT HAS BUDGETARY/FINANCIAL RESPONSIBILITIES WITHIN THE UNIVERSITY. ANY CONFLICTS OF INTEREST CONCERNING BOARD MEMBERS ARE FORWARDED TO THE AUDIT COMMITTEE FOR REVIEW AND APPROVAL. ALL CONFLICT OF INTEREST STATEMENTS ARE REVIEWED UPON SUBMISSION AND FORWARDED TO THE AUDIT COMMITTEE AS APPROPRIATE. ANY UNIVERSITY ACTIVITIES THAT HAVE A POTENTIAL CONFLICT ARE USUALLY DETECTED BEFORE A CONTRACT IS EXECUTED. FORM 990, PART VI, SECTION B, LINE 15 THE HUMAN RESOURCES COMMITTEE OF THE BOARD OF TRUSTEES PERFORMS AN ANNUAL REVIEW OF THE COMPENSATION PROVIDED TO THE UNIVERSITY'S PRESIDENT AND VICE PRESIDENTS. BENCHMARK DATA, INCLUDING DATA FROM COLLEGES AND UNIVERSITY PROFESSIONAL ASSOCIATION FOR HUMAN RESOURCES (CUPA) IS USED FOR COMPARITIVE PURPOSES FOR EXECUTIVE POSITIONS. THE LAST BENCHMARKING COMPARISON WAS COMPLETED IN AUGUST OF 2013. THE UNIVERSITY KEEPS WRITTEN DOCUMENTATION OF THE HUMAN RESOURCES COMMITTEE'S DELIBERATION AND DECISION MAKING PROCESS. FORM 990, PART VI, SECTION C, LINE 19 WILKES UNIVERSITY MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND AUDITED FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: STUDENT LOANS ADVANCED 783,350. CHANGE IN LIABILITY ON SPLIT INTEREST AGREEMENTS 327,426. FORM 990, PART XII, LINE 2C THE PROCESS BY WHICH THE AUDIT COMMITTEE REVIEWS THE FINANCIAL STATEMENTS HAS NOT CHANGED FROM THE PRIOR YEAR. 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