2015-05-15T12:05:39-05:00 2014-06-30 363990892 Capin Crouse LLP 972 Emerson Parkway STE A Greenwood IN 46143 990 2013-07-01 231409675 Eastern University EAST 6103415922 1300 Eagle Road St Davids PA 190873696 J Pernell Jones VP of Finance & Operations 6103415922 2015-05-15 1 David C Moja P00747006 3178852620 2013 2016-04-25 22:37:26Z Robert Duffett 1300 Eagle Road St Davids PA 190873696 98203878 0 X www.eastern.edu X 1952 PA Educational services 28 25 1797 57 735802 -20628 5447168 5368864 79495898 78828479 6172351 2518251 1406180 1873269 92521597 88588863 24973918 25588151 0 0 38874065 38358912 1195 109716 1132736 25064052 24872689 88913230 88929468 3608367 -340605 117109718 116799487 49855116 47341675 67254602 69457812 X Eastern University is a Christian university dedicated through teaching and learning, scholarship, service, spiritual formation, student development, and stewardship to the preparation of undergraduate, theological, and graduate students for thoughtful and productive lives of Christian faith, leadership, and service. Achievement of that mission requires that the University manage effectively and justly the resources with which it is entrusted and that students appropriate and give witness to a Christian world view through action and voice; Advance critical thinking, reflection, analysis, and communication skills; develop intellectual curiousity, passion and agility; demonstrate knowledge and competencies in the arts, sciences, and professions; assume responsibility for justice - especially social, political and economic justice; assume responsibility for Godly stewardship of all resources; discern the ethical consequences of decisions and actions. 0 0 55569219 25588151 69694219 Instruction - Expenditures for all activities through which students earn credit toward postsecondary degrees or certificates, and the support services for the delivery of instruction. Includes expenditures for curriculum development, departmental research, education materials (e.g., libraries), laboratories and other services that directly assist the institution's academic functions, faculty development, and academic administration. 7169546 10277838 Auxiliary and Other Operations - Funds expended for auxiliary enterprises that generally operate as self-supporting programs by charging fees for the provision of goods and services; also includes expenditures for institutional support and plant operations attributable and/or allocable to the programmatic departments of the institution. 10071384 Student Services - Funds expended for offices of admissions and registrar and those activities that contribute to the emotional and physical wellbeing of students, as well as their intellectual, cultural, and social development outside of the context of the formal instructional environment including student activities, counseling and career guidance, intercollegiate athletics, and student organizations. 6206570 Academic Support - Funds expended to provide support services for the core, instructional mission of the University including operation of libraries and laboratories, instructional technologies, assessment, and academic administration. 6206570 79016719 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 1 1 0 1 1 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 1 0 0 0 1 303 0 1 1797 1 1 1 0 0 0 0 1 1 0 0 0 0 X 28 25 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 PA X J Pernell Jones 6103415948 1300 Eagle Road St Davids PA 190873696 X Robert Duffett President 40.00 X X 48192 0 141361 Arthur W Hill Board Chair 1.00 X X 0 0 0 W Donald Gough Treasurer 1.00 X X 0 0 0 Ronald B Evans Secretary 1.00 X X 0 0 0 Michael Mandalino Board Member 1.00 X 0 0 0 Marjean B Brauch Board Member 1.00 X 0 0 0 Delores Brisbon Board Member 1.00 X 0 0 0 Jacob Chatman Board Member 1.00 X 0 0 0 Steve Clemens Board Member 1.00 X 0 0 0 Rev Danny Cortes Board Member 1.00 X 0 0 0 Rev Albert G Davis Jr Board Member 1.00 X 0 0 0 Dr Rev Richard A Dent Board Member 1.00 X 0 0 0 E Shepard Farrar Board Member 1.00 X 0 0 0 Rev Dr W Wilson Goode Sr Board Member 1.00 X 0 0 0 John C Honor Jr part year Board Member 1.00 X 0 0 0 Lucy Huff Board Member 1.00 X 0 0 0 Teresa Klaassen part year Board Member 1.00 X 0 0 0 Richardson T Merriman Board Member 1.00 X 0 0 0 Steve O'Hearn Board Member 1.00 X 0 0 0 Charles A Olson III Board Member 1.00 X 0 0 0 Thomas M Petro Board Member 1.00 X 0 0 0 Janis Plostnieks Board Member 1.00 X 0 0 0 James H Rogers part year Board Member 1.00 X 0 0 0 Dr Richard E Rusbuldt Board Member 1.00 X 0 0 0 George Torggler part year Board Member 1.00 X 0 0 0 Malcolm Street part year Board Member 1.00 X 0 0 0 John Sundquist Board Member 1.00 X 0 0 0 Dennis Tanner PhD Board Member 1.00 X 0 0 0 John M Templeton Jr MD Board Member 1.00 X 0 0 0 F Ardell Thomas MD Board Member 1.00 X 0 0 0 Rev Dr Alyn E Waller Board Member 1.00 X 0 0 0 Kelly Wilbraham Board Member 1.00 X 0 0 0 Algit Joy Board Member 1.00 X 0 0 0 Kenton Sparks Provost 40.00 X 94245 0 73104 Thomas Ridington Senior VP 40.00 X 141843 0 31215 Derek Ritchie VP for Development 40.00 X 90877 0 20129 Diana Bacci VP - Registrar 40.00 X 121920 0 20473 Betty Ann Brigham VP Student Development 40.00 X 124824 0 9938 J Pernell Jones VP - Finance & Operations 40.00 X 144686 0 30986 Debra Heath-Thornton Dean of Graduate Studies 40.00 X 122886 0 16592 Beth Doriani Dean of Arts and Science 40.00 X 103559 0 28940 David Black Former President 40.00 X 185923 0 104196 1178955 0 476934 7 1 1 0 Sodexo PO Box 905374 Charlotte NC 28290 Food Services 3125547 Arthur Jackson and Company 7025 West Chester Pike Upper Darby PA 19082 Cleaning Services 658748 Tustin Mechanical 2555 Industry Lane Norristown PA 19403 Contractors 369249 NBC Environmental PO Box 2398 Aston PA 19014 Contractors 189110 Easton Coach Company 1200 Conroy Place Easton PA 18040 Transportation 129052 7 75760 2284198 3008906 499697 5368864 Tuition and fees 611600 68881680 68881680 Room charges 611600 5042217 5042217 Dining hall charges 611600 4808095 4808095 Book store 611600 96487 96487 78828479 628771 628771 817868 797211 20657 20657 20657 10620958 8731478 1889480 1889480 1889480 80215 75760 86326 -6111 -6111 Other income 900099 1143578 1143578 Conferences 721310 715145 715145 1858723 88588863 79972057 735802 2512140 323261 323261 25080201 25080201 184689 184689 1192144 663908 480708 47528 526854 219326 307528 27463416 24041359 2874858 547199 1475067 1304120 134861 36086 5781527 5138285 547775 95467 1919904 1643545 234834 41525 99419 53763 45656 151998 2300 149698 109716 109716 235107 235107 1563576 1304389 238611 20576 851062 798843 46695 5524 2149444 1331172 709248 109024 1154453 280098 844603 29752 4340781 3995708 344083 990 869563 749197 72076 48290 247684 206510 29428 11746 1658990 1366482 292508 2903824 2903824 3278473 2705615 572858 284235 3688 280547 Food Service & Dining 3039265 3001100 27742 10423 Bad Debt Expense 627493 627493 Books/Magazines/Library 352080 347147 3746 1187 Equip Maint. & Repair 78961 58207 20218 536 986281 682489 286625 17167 88929468 79016719 8780013 1132736 22981015 22167127 289250 4278688 4633377 2794715 2005830 107919502 52460373 57174696 55459129 21751616 24024619 3911335 4484277 1576290 1406244 2641363 2329634 117109718 116799487 5963206 4882729 3235310 3133424 38624559 37477662 36981 41917 1995060 1805943 49855116 47341675 X 41882967 40568335 3016338 2622724 22355297 26266753 67254602 69457812 117109718 116799487 -340605 2543815 0 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 24719267 712515 4550766 682678 105638 191811 29002421 21771059 235971 3599444 673393 111542 102272 24719267 21566374 33997 899980 426500 173730 129062 21771059 17551664 1588635 2963323 304878 144063 88307 21566374 11313634 4770601 1856805 168629 127211 93536 17551664 0.09430 0.90570 0.00000 0 0 11017747 11017747 73976198 33371912 40604286 17743579 14141124 3602455 5181978 4947337 234641 55459129 Annuities payable 969654 Student deposits 172350 Advances from federal gov't for student loans 663939 1805943 X 66237311 2543815 883537 3427352 62809959 225263 25553641 25778904 88588863 64034101 883537 883537 63150564 225263 25553641 25778904 88929468 Part V, Line 4: Endowment funds are intended to earn investment income and to fund future operations. Part X, Line 2: Tax benefits from an uncertain tax position are only recognized in the statement of financial position if the tax position is more likely than not to be sustained upon an examination, based on the technical merits of the position. As of June 30, 2014 and 2013, the University had no uncertain tax positions that qualify for recognition or disclosure in the financial statements. The University files information tax returns in the U.S. The University is generally no longer subject to U.S. federal income tax examinations by tax authorities for years before 2009. Part XI, Line 2d - Other Adjustments: Rent expense included on Part VIII, Line 6b 797,211. Fundraising expense included on Part VIII, Line 8b 86,326. Part XI, Line 4b - Other Adjustments: Tuition and fees 25,553,641. Part XII, Line 2d - Other Adjustments: Rent expense included on Part VIII, Line 6b 797,211. Fundraising expense included on Part VIII, Line 8b 86,326. Part XII, Line 4b - Other Adjustments: Tuition and fees 25,553,641. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 Institution's racial nondiscriminatory policy is publicized through the institution's website. Schedule E, Part I, Line 6 Title IV federal funds as well as PELL Grants and Perkin's Loans are received for student tuition. 1 Sub-Saharan Africa - Angola, Benin, Botswana, Burkina, Faso, 0 4 Program services Education 186142 Central America and the Caribbean - Antigua & Barbuda, Aruba, Bahamas, 0 8 Program services Education 102425 Central America and the Caribbean - Antigua & Barbuda, Aruba, Bahamas, 0 0 Grants to Recipients 86393 Sub-Saharan Africa - Angola, Benin, Botswana, Burkina, Faso, 0 0 Grants to Recipients 98296 0 12 0 0 0 12 473256 0 473256 Financial aid Central America and the Caribbean - Antigua & Barbuda, Aruba, Bahamas, 14 86393 Apply as payment to student bill Financial aid Sub-Saharan Africa - Angola, Benin, Botswana, Burkina, Faso, 26 98296 Apply as payment to student bill 0 0 0 0 0 0 Part I, Line 2: Grants are awarded to individuals based on compliance with eligibility requirements. Awarded grants are applied directly by the University to the student tuition billing. Part I, line 3: Expenditures are accounted for using the accrual basis of accounting. 1 Gonser Gerber LLP 1776 Legacy Cir Suite 100 Naperville IL 60563 Capital Campaign 0 0 109716 -109716 109716 -109716 PA Golf event 155975 75760 80215 86326 155975 75760 80215 86326 86326 -6111 1 Chestnut Hill College 9601 Germantown Ave Philadelphia PA 19118 231352626 501 (c) 3 323261 Pass through funds for Department of Education Title II Program 1 0 Scholarships and grants to students for educational programs at the University 2477 25080201 Part I, Line 2: Grants are awarded to individuals based on compliance with eligibility requirements. Award grant and assistance amounts are applied by the University to the student tuition billing. X X 1 1 X X X X X 0 0 0 0 0 0 0 0 0 Robert Duffett President 43346 0 0 0 4846 0 16632 0 124729 0 189553 0 0 0 Kenton Sparks Provost 94129 0 0 0 116 0 12964 0 60140 0 167349 0 0 0 Thomas Ridington Senior VP 137253 0 0 0 4590 0 10031 0 21184 0 173058 0 0 0 J Pernell Jones VP - Finance & Operations 134621 0 0 0 10065 0 11200 0 19786 0 175672 0 0 0 David Black Former President 181319 0 0 0 4604 0 86139 0 18057 0 290119 0 0 0 Part I, Line 1a The Provost received a minister's housing allowance which was not treated as taxable compensation. The President received a minister's housing allowance and parsonage allowance which is not treated as taxable compensation. The travel for companions is for the President's wife. The travel is for a bona fide business purpose and is not treated as taxable compensation. A Delaware County Authority 231973437 245913JB5 2006-10-26 15802394 Construction 0 0 0 B Delaware County Authority 231973437 245913KZ0 2012-06-29 21511845 Refinancing of 1999/2010 bonds and construction 0 0 0 C Delaware County Authority 231973437 2013-01-02 4180000 Refinance of 2007 bonds 0 0 0 A 2290000 15802394 998380 291400 394705 14130784 2008 0 0 1 1 B 1300000 21511845 2022618 399018 2661400 15611356 838600 2013 1 0 0 0 C 285000 4180000 80000 4100000 2013 1 0 1 1 A 0 0 0 0 0.02540 0.02540 0 0 1 B 0 0 0 0 0 0 1 C 0 0 0 0 0 0 1 A 0 0 0 1 0 0 0 0 1 B 0 1 0 0 0 0 0 0 1 C 0 1 0 0 1 0 0 0 1 A 1 B 1 C 1 Date Rebate Computation Performed Issuer Name: Delaware County Authority Date the Rebate Computation was Performed: 09/26/2011 P Mugridge Family member W. Donald Gough, Board Member 77097 Compensation 0 E Merriman Family member Richardson T. Merriman, Board Member 18626 Compensation 0 X 10 499697 Fair market value 0 1 0 Part I, Column (b): The number of contributors represents the number of contributions received. Form 990, Part VI, Section B, line 11 The Form 990 is prepared by an independent CPA firm. Prior to filing the Form 990, the return is reviewed by the Treasurer (Chair of the Finance and Property Committee), the Chair of the Audit Committee, and the Assistant Treasurer. The Form 990 is distributed in electronic form to the entire Board of Trustees prior to filing. Form 990, Part VI, Section B, line 12c The conflict of interest policy is included in the employee handbook of the University, and it is monitored and enforced by departmental and/or divisional managers. Officers, trustees, and key employees are annually required to disclose interests that could give rise to conflicts. If a conflict of interest were to arise at a board meeting, the interested person would abstain from voting. Form 990, Part VI, Section B, line 15a 15a - The compensation for the President is established by the Executive Compensation Committee of the Board of Trustees and the process was last completed during the tax year with the hiring of the new President. The Committee reviews market data as to compensation levels for comparable positions at similar organizations, and it maintains minutes of its meetings. 15b - Upon the hiring of other officers, the compensation committee reviews and determines compensation for the officer using comparability data. The approval process is documented in the minutes. Going forward, the organization will adopt a procedure to complete this process annually. Form 990, Part VI, Section C, line 19 The documents are available upon request. Form 990, Part VII, Section A and Sch J, Part II Compensation reported in Part VII, column D and Schedule J, Part II, column B is the amount reported on the individual's W-2, box 1 or 5 (whichever amount is greater) per the IRS instructions. In the case of minister's compensation when box 5 of the W-2 is not applicable, box 1 compensation is used. Employee deferrals to qualified retirement plans are normally captured in box 5, not box 1 of Form W-2. For reporting purposes we have included the employee's retirement plan deferrals in Part VII, column F and Schedule J, Part II, column C. Form 990, Part XII, Line 2c The organization's Board assumes responsibility for oversight of the audit of its financial statements and selection of its independent accountant. This process has not changed since the prior year. Charitable Remainder Unitrust (1) Charitable Remainder Unitrust PA T 0 Perpetual Trusts (1) Perpetual Trust PA T 0 Perpetual Trusts (1) Perpetual Trust CT T 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0