2015-05-05T14:38:00-05:00 2014-06-30 390859910 BAKER TILLY VIRCHOW KRAUSE LLP 1650 MARKET STREET SUITE 4500 PHILADELPHIA PA 19103 990 2013-07-01 233054174 WEST CHESTER UNIVERSITY FOUNDATION WEST 6104362868 PO BOX 541 WEST CHESTER PA 19381 TERESA JOHN CFO 6104362868 2015-04-27 1 JULIUS GREEN CPA JD P00350393 2159720701 2013 2016-03-07 17:11:31Z RICHARD T PRZYWARA PO BOX 541 WEST CHESTER PA 19381 8457867 0 X WWW.WCUFOUNDATION.ORG X 2000 PA PROMOTE THE CHARITABLE, SCIENTIFIC, AND EDUCATIONAL INTERESTS OF WEST CHESTER UNIVERSITY. 25 25 115 110 0 0 4224013 5319406 2024997 2606109 212604 287412 33969 -21639 6495583 8191288 1920699 2745986 0 0 2150815 2371973 0 0 1783657 1849881 2237094 5921395 7355053 574188 836235 19851090 24459246 2929848 4286393 16921242 20172853 X THE FOUNDATION WAS FORMED TO PROMOTE THE CHARITABLE, SCIENTIFIC, AND EDUCATIONAL INTERESTS OF WEST CHESTER UNIVERSITY. THE FOUNDATION ACHIEVES THIS BY SOLICITING FUNDS AND OTHER PROPERTY IN ACCORDANCE WITH POLICIES ESTABLISHED BY THE UNIVERSITY. 0 0 4609838 2745986 2606109 THE FOUNDATION PROVIDED THE FOLLOWING SUPPORT TO WEST CHESTER UNIVERSITY OF PENNSYLVANIA DURING FISCAL YEAR JUNE 30, 2014:1) THE WEST CHESTER UNIVERSITY FOUNDATION RAISED $5,497,120 CONTRIBUTIONS AND GRANTS, OF WHICH $2,238,009 WERE RESTRICTED TO THE FOUNDATION'S ENDOWMENT TO BENEFIT FUTURE STUDENTS AND UNIVERSITY OPERATIONS.2) THE WEST CHESTER UNIVERSITY FOUNDATION PROVIDED $1,954,268 OF SUPPORT FOR VARIOUS ACADEMIC AND CULTURAL PROGRAMS, JOINT UNDERGRADUATE STUDENT AND FACULTY RESEARCH, STUDENT AND FACULTY CONFERENCE ATTENDANCE, STUDENT PARTICIPATION IN NATIONAL TOURNAMENTS, PROFESSIONAL DEVELOPMENT, AND OTHER STUDENT SERVICES AT WEST CHESTER UNIVERSITY.3) THE WEST CHESTER UNIVERSITY FOUNDATION PROVIDED $602,006 OF SCHOLARSHIPS TO STUDENTS, SOME OF WHOM COULD NOT OTHERWISE EXPERIENCE THE OPPORTUNITIES AND BENEFITS OF THE QUALITY OF EDUCATION FOR WHICH WEST CHESTER UNIVERSITY IS WELL-KNOWN. 4609838 1 1 0 1 0 1 0 0 0 1 1 0 0 0 1 1 0 1 0 0 0 0 0 0 1 1 0 1 1 1 0 0 0 0 0 0 0 0 1 1 0 0 0 1 1 0 0 0 1 110 0 1 115 1 0 0 0 0 0 1 1 0 0 0 0 0 0 0 X 25 25 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 PA FL MA MD ME NC NJ SC WA X TERESA JOHN CFO 6104362534 202 CARTER DRIVE WEST CHESTER PA 19382 KEITH BEALE PRESIDENT 0.10 0.10 X X 0 0 0 JOHN N NICKOLAS VICE PRESIDENT 0.10 0.10 X X 0 0 0 SANDRA F MATHER SECRETARY 0.10 0.10 X X 0 0 0 CHRISTOPHER J DIGIUSEPPE TREASURER 0.10 0.10 X X 0 0 0 FRANK BRANCA TRUSTEE 0.10 0.10 X 0 0 0 MILLIE C CASSIDY TRUSTEE 0.10 0.10 X 0 0 0 COLONEL DEBORAH J CHASE TRUSTEE 0.10 0.10 X 0 0 0 KATE CIPRIANO TRUSTEE 0.10 0.10 X 0 0 0 CHERYL FULGINITI TRUSTEE 0.10 0.10 X 0 0 0 DAVID A GANSKY TRUSTEE 0.10 0.10 X 0 0 0 CARL GERSBACH TRUSTEE 0.10 0.10 X 0 0 0 JOHN A GONTARZ TRUSTEE 0.10 0.10 X 0 0 0 MAURY HOBERMAN TRUSTEE 0.10 0.10 X 0 0 0 DAVID P HOLVECK TRUSTEE 0.10 0.10 X 0 0 0 DONALD E LEISEY TRUSTEE 0.10 0.10 X 0 0 0 EMILY JANE LEMOLE TRUSTEE 0.10 0.10 X 0 0 0 KATHLEEN LEIDHEISER TRUSTEE 0.10 0.10 X 0 0 0 DONALD R MCILVAIN TRUSTEE 0.10 0.10 X 0 0 0 THOMAS E MILLS IV TRUSTEE 0.10 0.10 X 0 0 0 H VISCOUNT NELSON TRUSTEE 0.10 0.10 X 0 0 0 MICHAEL O'ROURKE TRUSTEE 0.10 0.10 X 0 0 0 JOHN PANICHELLO TRUSTEE 0.10 0.10 X 0 0 0 PAULA SHAFFNER ESQ TRUSTEE 0.10 0.10 X 0 0 0 JOHN STODDART TRUSTEE 0.10 0.10 X 0 0 0 CHRISTINE WARREN TRUSTEE 0.10 0.10 X 0 0 0 RICHARD T PRZYWARA EXECUTIVE DIRECTOR 4.00 36.00 X 16676 150088 30778 TERESA JOHN CFO/ASSISTANT TREASURER 20.00 20.00 X 53378 53378 33856 MEREDITH SOSSMAN ASSOC. EXECUTIVE DIRECTOR 40.00 X 112958 0 34239 183012 203466 98873 1 0 1 0 ARAMARK 1101 MARKET ST PHILADELPHIA PA 19107 FOOD SERVICES 125008 1 183659 5135747 363881 5319406 CONTRACT REVENUE 611710 1630185 1630185 OTHER GRANT REVENUE 611710 434272 434272 EVENTS & CONFERENCES 611710 288827 288827 ADVANCEMENT ASSOCIATE 611710 252825 252825 2606109 287412 287412 29655 14136 15519 15519 15519 147865 183659 240530 -92665 -92665 60213 11913 48300 48300 OTHER REVENUE 900099 7207 7207 7207 8191288 2606109 0 265773 2125410 2125410 620576 620576 94756 74937 19819 1742730 511575 165187 1065968 136040 34817 15346 85877 213988 67313 14463 132212 184459 51124 18886 114449 35460 2795 32665 30644 30644 23425 20200 3225 58965 58965 485008 441257 14019 29732 49243 43227 3202 2814 197460 86016 35583 75861 111796 1761 56396 53639 38545 3994 34551 231062 181801 2663 46598 94800 10345 84455 285788 285788 27253 3849 23404 MEALS AND ENTERTAINMENT 257352 118809 11179 127364 LICENSES, FEES, DEV 198681 173517 9189 15975 REPAIRS & MAINTENANCE 52671 6635 45776 260 PRIZES AND AWARDS 25521 25521 0 0 33420 20331 13089 7355053 4609838 961558 1783657 70193 245017 4116181 4348109 1477048 1797226 35114 81584 1820 1728 8217 19190 7253758 739460 5333961 6514298 7151959 10291989 1656597 1160105 19851090 24459246 527636 624327 2400000 3578686 2212 83380 2929848 4286393 X 5859661 5012111 4310877 6172029 6750704 8988713 16921242 20172853 19851090 24459246 X 836235 1047969 1367407 X 0 1 X 1 0 X 3385344 2828737 3479522 4224013 5319406 19237022 638925 245506 238361 197514 177705 1498011 4024269 3074243 3717883 4421527 5497111 20735033 1502026 19233007 12683 186096 228970 192402 317067 937218 56507 48260 2096580 165807 402510 2769664 24441915 9731715 0.78690 0.86240 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: LEASE TERMINATION FEE - 2011 AMOUNT: $ 2,000,000. PARKING LOT LEASE - 2012 AMOUNT: $ 14,950. OTHER REVENUE - 2012 AMOUNT: $ 263. 2013 AMOUNT: $ 194,432. RECOVERY OF BAD DEBTS - 2012 AMOUNT: $ 11,997. NON-CHARITABLE FUNDRAISING RECEIPTS - 2009 AMOUNT: $ 56,507. 2010 AMOUNT: $ 48,260. 2011 AMOUNT: $ 96,580. 2012 AMOUNT: $ 138,597. 2013 AMOUNT: $ 208,078. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 23425 23425 7343541 22688188 7366966 22688188 518348 1000000 129587 250000 0 0 0 0 1000000 1000000 1500000 23425 23425 250000 250000 375000 0 5 47290 60500 825171 1 1 7151290 2071573 1260651 191525 10291989 4999952 1810069 490800 149531 7151290 4673558 534130 -79498 127004 1234 4999952 3641009 620010 533730 121191 4673558 2348891 1073438 308614 89934 3641009 0.00000 0.86000 0.14000 0 0 504085 504085 6252452 475220 5777232 497221 264240 232981 6514298 DEPOSITS 2253 DUE TO WEST CHESTER UNIVERSITY 81127 83380 X 11067800 1047969 177705 1384259 2609933 8457867 -266579 -266579 8191288 7816189 177705 283431 461136 7355053 0 7355053 PART V, LINE 4: SIXTY-SEVEN PERCENT OF THE ENDOWMENT FUNDS ARE USED TO PROVIDE SCHOLARSHIPS AND FINANCIAL AID TO WEST CHESTER UNIVERSITY STUDENTS. THIRTY-THREE PERCENT OF THE ENDOWMENT FUNDS ARE USED TO PROVIDE OPERATING FUNDS FOR VARIOUS WEST CHESTER UNIVERSITY DEPARTMENTS. PART X, LINE 2: MANAGEMENT HAS EVALUATED SUBSTANTIVE TAX POSITIONS TAKEN BY THE FOUNDATION AS OF JUNE 30, 2014 AND 2013. A TAX POSITION IS RECOGNIZED AS A BENEFIT ONLY IF IT IS "MORE-LIKELY-THAN-NOT" THAT THE TAX POSITION WOULD BE SUSTAINED IN A TAX EXAMINATION, WITH A TAX EXAMINATION BEING PRESUMED TO OCCUR. THE AMOUNT RECOGNIZED IS THE LARGEST AMOUNT OF TAX BENEFIT THAT HAS A LIKELIHOOD OF BEING REALIZED ON EXAMINATION OF MORE THAN 50 PERCENT. FOR TAX POSITIONS NOT MEETING THE "MORE-LIKELY-THAN-NOT" TEST, NO TAX BENEFIT IS RECORDED. UNDER THE "MORE-LIKELY-THAN-NOT" THRESHOLD GUIDELINES, THE MANAGEMENT BELIEVES NO SIGNIFICANT UNCERTAIN TAX POSITIONS EXIST, EITHER INDIVIDUALLY OR IN THE AGGREGATE, THAT WOULD GIVE RISE TO THE NON-RECOGNITION OF AN EXISTING TAX BENEFIT. AS OF JUNE 30, 2014 AND 2013, THE FOUNDATION HAD NO MATERIAL UNRECOGNIZED TAX BENEFITS OR LIABILITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS 14,201. TRANSFER TO/FROM UNIVERSITY STUDENT HOUSING, LLC 1,370,459. CHANGE IN CSV OF LIFE INSURANCE -401. PART XI, LINE 4B - OTHER ADJUSTMENTS: FUNDRAISING EXPENSE -240,530. RENTAL EXPENSE -14,136. GAMING EXPENSES -11,913. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSE 240,530. RENTAL EXPENSE 14,136. BAD DEBT EXPENSE 16,852. GAMING EXPENSES 11,913. SCHEDULE D, PARTS XI, XII AND XIII THE ORGANIZATION DID NOT PARTICIPATE IN SEPARATE, STAND-ALONE AUDITED FINANCIAL STATEMENTS. CONSOLIDATING SCHEDULES ARE LOCATED IN THE BACK OF THE CONSOLIDATED AUDITED FINANCIAL STATEMENTS. SCHEDULE D PARTS XI, XII, AND XIII, ALTHOUGH NOT REQUIRED, HAVE BEEN PREPARED TO RECONCILE THESE CONSOLIDATING SCHEDULES TO THE FINANCIAL INFORMATION ON THIS FORM 990. PRESIDENTIAL GALA 177004 116365 60639 1000 1218 25805 15895 7035 51155 FOOTBALL QB CLASSIC GOLF OUTING 37893 17911 19982 6660 8335 20583 3 47841 24673 23168 4620 18988 14021 262738 158949 103789 1000 1218 37085 43218 7035 85759 175315 -71526 60213 6300 1218 2880 1515 1 1.00000 60213 6300 1218 2880 1515 11913 48300 PA 1 0 1 0 1.00000 TERESA JOHN CO WEST CHESTER UNIVER PO BOX 541 WEST CHESTER PA 19381 0 VARIES BASED ON THE UNIVERSITY DEPT SEE PART IV - SUPPLEMENTAL INFORMATION X 0 SCHEDULE G, PART III, LINE 16, DESCRIPTION OF SERVICES PROVIDED: PERSONS IN CHARGE OF GAMING OPERATIONS ARE EMPLOYEES OF WEST CHESTER UNIVERSITY AND WCU FOUNDATION. DUTIES INCLUDE DESIGNING AND ORDERING RAFFLE TICKETS; RECORDING DISTRIBUTION OF RAFFLE TICKETS; SUBSEQUENT COLLECTION OF REMAINING TICKETS AND CASH; COUNTING AND RECONCILING CASH; AND AWARDING PRIZES. TIME SPENT IN GAMING ACTIVITIES AS A PERCENTAGE OF TOTAL TIME IS VERY MINIMAL. 1 WEST CHESTER UNIVERSITY OF PENNSYLVANIA 700 SOUTH HIGH STREET WEST CHESTER PA 19383 232417773 170(C)(1) 1855967 98301 FMV AND APPRAISALS DONATIONS TO BE USED IN THE OPERATIONS OF THE UNIVERSITY TO PROMOTE THE VARIOUS EXEMPT PURPOSES OF WEST CHESTER UNIVERSITY WEST CHESTER UNIVERSITY STUDENT SERVICES INC WCU SYKES UNION BLDG E ROSEDALE WEST CHESTER PA 19383 232490021 501(C)(3) 82862 TO PROMOTE THE VARIOUS EXEMPT PURPOSES OF STUDENT SERVICES, INC. WEST CHESTER UNIVERSITY ALUMNI ASSOCIATION 202 CARTER DRIVE WEST CHESTER PA 19382 231287817 501(C)(3) 26920 TO PROMOTE THE VARIOUS EXEMPT PURPOSES OF WEST CHESTER UNIVERSITY ALUMNI ASSOCIATION AMAZON CENTER FOR ENVIRONMENTAL EDUCATION RESEARCH FOUNDATION PO BOX 2549 WEST CHESTER PA 19383 631045786 501(C)(3) 31187 TO PROMOTE THE VARIOUS EXEMPT PURPOSES OF ACEER UNIVERSITY STUDENT HOUSING 202 CARTER DRIVE WEST CHESTER PA 19382 820571540 501(C)(3) 0 13236 FMV AND APPRAISALS RESIN PANELS FOR STUDENT HOUSING TO PROVIDE RESIN PANELS FOR USE IN STUDENT HOUSING 5 SCHOLARSHIP FOR STUDENTS OF WEST CHESTER UNIVERSITY. 815 602006 HONORARIUMS TO SPEAKERS, VISITING ARTISTS, AND STUDENTS AT WEST CHESTER UNIVERSITY. 33 18570 PART I, LINE 2: GRANTS AND OTHER ASSISTANCE INCLUDE AWARDS, PRIZES, STIPENDS, SCHOLARSHIPS, AND SIMILAR PAYMENTS AND DISTRIBUTIONS THAT THE FOUNDATION MAKES TO WEST CHESTER UNIVERSITY, ITS AFFILIATES, AND ITS STUDENTS. WRITTEN GUIDELINES FOR EACH RESTRICTED FUND DEFINE THE DONOR-RESTRICTED PURPOSE AND PARAMETERS OF THE FUND. DISBURSEMENTS FROM THESE FUNDS REQUIRE THE RECIPIENT TO SUBMIT VERIFIABLE AND INDEPENDENT DOCUMENTATION THAT MEETS THE GUIDELINE CRITERIA. THE SUBMISSION IS VERIFIED BY FOUNDATION STAFF FOR COMPLIANCE WITH THE GUIDELINES PRIOR TO DISBURSEMENT TO THE RECIPIENT. SCH I, PART II WEST CHESTER UNIVERSITY FOUNDATION DISTRIBUTES DONOR-RESTRICTED FUNDS TO WEST CHESTER UNIVERSITY TO USE FOR CAPITAL PROJECTS. THE FOUNDATION ALSO DISTRIBUTES DONOR RESTRICTED FUNDS TO DESIGNATED AFFILIATED ENTITIES OF WEST CHESTER UNIVERSITY. ALL ENTITIES THAT RECEIVE FUNDS FROM WEST CHESTER UNIVERSITY FOUNDATION HAVE INTERNAL CONTROLS TO ENSURE MONIES ARE PROPERLY ALLOCATED AND USED. ON OCCASION WEST CHESTER UNIVERSITY FOUNDATION PROVIDES SMALL GRANTS TO OTHER NON-PROFIT ORGANIZATIONS. THE FOUNDATION MAKES EVERY EFFORT TO OBTAIN INDEPENDENT VERIFICATION THAT THE FUNDS WERE USED IN COMPLIANCE WITH THE FOUNDATION'S EXPECTATIONS. X X X X X 0 0 0 1 1 0 0 0 0 RICHARD T PRZYWARA EXECUTIVE DIRECTOR 15192 136729 1484 13359 0 0 1549 13943 1528 13758 19753 177789 0 0 PART I, LINE 5 THE EXECUTIVE DIRECTOR'S CONTRACT PROVIDES FOR THE FOLLOWING BONUSES: 1. ANNUAL BONUS BASED ON THE AMOUNT OF GIFT INCOME RECEIVED ABOVE THE ESTABLISHED TOTAL FUNDRAISING GOAL FOR EACH YEAR. 2. ANNUAL BONUS BASED ON THE OCCUPANCY RESULTS FOR UNIVERSITY STUDENT HOUSING-OWNED RESIDENCE HALLS. 3. BONUS AT THE COMPLETION OF A HOUSING CONSTRUCTION PROJECT IF THE CERTIFICATE OF OCCUPANCY IS RECEIVED PRIOR TO THE SCHEDULED STUDENT MOVE-IN DAY. X 6 16610 APPRAISAL X 10 198027 NYSE X 6 39589 PURCHASE PRICE X MUSICAL INSTR 2 60000 APPRASIAL X SMALL EQUIP 8 35131 APPRAISAL X AUCTION ITEMS 130 14251 COMPARABLE ITEMS X GIFT CARDS 4 273 PURCHASE PRICE 0 0 1 0 PART I, COLUMN (B): THE NUMBER OF CONTRIBUTIONS, COLUMN B, IS REPRESENTATIVE OF ACTUAL CONTRIBUTORS FOR LINE 9. ALL OTHER LINES ARE THE NUMBER OF ITEMS CONTRIBUTED. FORM 990, PART VI, SECTION A, LINE 1 THE EXECUTIVE COMMITTEE IS COMPOSED OF THE OFFICERS OF THE WCU FOUNDATION, THE PRESIDENT OF WEST CHESTER UNIVERSITY (WCU), THE VICE PRESIDENT FOR ADVANCEMENT & SPONSORED RESEARCH, THE VICE PRESIDENT FOR ADMINISTRATION AND FINANCE, AND THE EXECUTIVE DIRECTOR OF WCU FOUNDATION. THE EXECUTIVE COMMITTEE IS AUTHORIZED TO ACT FOR THE BOARD BETWEEN ITS REGULAR MEETINGS. THE EXECUTIVE COMMITTEE HAS AND MAY EXERCISE ALL OF THE POWERS AND AUTHORITY OF THE BOARD IN THE MANAGEMENT OF THE FOUNDATION. FORM 990, PART VI, SECTION B, LINE 11 THE CHIEF FINANCIAL OFFICER REVIEWS THE 990 DRAFT IN DETAIL. ONCE THE FINAL 990 HAS BEEN APPROVED BY THE CHIEF FINANCIAL OFFICER, THE DRAFT 990 IS PROVIDED TO EACH TRUSTEE FOR REVIEW AND COMMENTS IN ADVANCE OF THE FILING DEADLINE. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY CONFLICT-OF-INTEREST FORMS ARE COMPLETED BY EACH TRUSTEE AND OFFICER DISCLOSING CIRCUMSTANCES THAT MIGHT DISSUADE THEM FROM ACTING IN THE BEST INTEREST OF WEST CHESTER UNIVERSITY FOUNDATION. IN ADDITION, TRUSTEES SHALL MAKE PROMPT AND FULL DISCLOSURE TO THE BOARD OF A PROSPECTIVE SITUATION THAT MAY INVOLVE A CONFLICT OF INTEREST AS SOON AS THAT CONFLICT IS KNOWN. THIS DISCLOSURE SHOULD BE MADE A MATTER OF THE RECORD, EITHER THROUGH AN ANNUAL PROCEDURE OR WHEN THE INTEREST BECOMES A MATTER OF BOARD ACTION. IF A CONFLICT OF INTEREST SHOULD ARISE, THE EXECUTIVE DIRECTOR AND THE BOARD MEMBER SHOULD PROMPTLY RESOLVE THE MATTER AND THE RESOLUTION SHOULD BE RECORDED IN THE MINUTES OF THE BOARD. TRUSTEES WITH CONFLICTS SHALL REMOVE THEMSELVES FROM NEGOTIATIONS, DECISIONS, DELIBERATIONS, OR VOTES INVOLVING THE CONFLICT. THIS SHALL NOT BE CONSTRUED AS PREVENTING THE TRUSTEE FROM STATING HIS POSITION IN THE MATTER OR FROM ANSWERING PERTINENT QUESTIONS FROM THE BOARD WHEN HIS/HER KNOWLEDGE MAY BE OF ASSISTANCE. MANAGERS AND EMPLOYEES ARE EXPECTED TO VOLUNTEER CONFLICTS OF INTEREST AS THEY ARISE TO THE EXECUTIVE DIRECTOR. THE EXECUTIVE DIRECTOR DETERMINES WHETHER A CONFLICT OF INTEREST EXISTS, AND REQUESTS THE MANAGER OR EMPLOYEE TO RECUSE HIMSELF FROM TOPICS AND VOTING ON ISSUES RELATED TO THE CONFLICT. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE DIRECTOR'S COMPENSATION IS APPROVED IN ADVANCE BY THE BOARD OF TRUSTEES' NOMINATING AND HUMAN RESOURCE COMMITTEE. PRIOR TO MAKING THE DETERMINATION THE COMMITTEE OBTAINS COMPENSATION DATA OF AT LEAST THREE COMPARABLE ORGANIZATIONS IN SIMILAR COMMUNITIES FOR SIMILAR SERVICE. IN ADDITION, BOARD MEMBERS ARE INVITED TO OFFER FEEDBACK TO THE COMMITTEE ON THE PERFORMANCE-BASED GOALS ESTABLISHED FOR THE POSITION. THE COMMITTEE DOCUMENTS THE BASIS FOR ITS DECISION CONCURRENTLY WITH MAKING THE DETERMINATION. COMPENSATION IS DEFINED IN THE EXECUTIVE DIRECTOR'S THREE-YEAR EMPLOYMENT CONTRACT. IN DECEMBER 2012, A THREE-YEAR CONTRACT WAS EXECUTED FOR THE PERIOD JULY 1, 2013 THROUGH JUNE 30, 2016. THE CHIEF FINANCIAL OFFICER'S COMPENSATION IS APPROVED IN ADVANCE BY THE BOARD OF TRUSTEES' NOMINATING AND HUMAN RESOURCE COMMITTEE. PRIOR TO MAKING THE DETERMINATION THE COMMITTEE OBTAINS COMPENSATION DATA OF AT LEAST THREE COMPARABLE ORGANIZATIONS IN SIMILAR COMMUNITIES FOR SIMILAR SERVICE. IN ADDITION, BOARD MEMBERS ARE INVITED TO OFFER FEEDBACK TO THE COMMITTEE ON THE PERFORMANCE OF THE CHIEF FINANCIAL OFFICER. THE COMMITTEE DOCUMENTS THE BASIS FOR ITS DECISION CONCURRENTLY WITH MAKING THE DETERMINATION. COMPENSATION IS DETERMINED ANNUALLY. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS 14,201. TRANSFER FROM UNIVERSITY STUDENT HOUSING, LLC 1,370,459. CHANGE IN CSV OF LIFE INSURANCE -401. BAD DEBT EXPENSE -16,852. UNIVERSITY STUDENT HOUSING LLC PO BOX 541 WEST CHESTER PA 19381 820571540 STUDENT HOUSING PA 501(C)(3) LINE 11A, I WEST CHESTER UNIVERSITY FOUNDATION 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 1 UNIVERSITY STUDENT HOUSING LLC S 1370459 COST UNIVERSITY STUDENT HOUSING LLC O 267919 COST