UNIVERSITY STUDENT HOUSING: Form 990, tax year 2012
View the entire original 990 at ProPublica ↗
- Organization
- UNIVERSITY STUDENT HOUSING (EIN 82-0571540)
- Tax period
- 2012-07-01 to 2013-06-30
- Filed
- 2014-03-25
- IRS object ID
- 201400849349300025
- Schema version
- 2012v2.1
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule D
- Schedule I
- Schedule J
- Schedule K
- Schedule L
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2014-03-25T14:58:33-05:00 | Timestamp |
| Tax Period End Date | 2013-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 232932984 | EIN |
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PARENTEBEARD LLC | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1650 MARKET ST STE 4500 | AddressLine1 |
| City | PHILADELPHIA | City |
| State | PA | State |
| ZIP Code | 19103 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2012-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 820571540 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | UNIVERSITY STUDENT HOUSING | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | UNIV | NameControl |
| Phone | 6104362868 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 541 | AddressLine1 |
| City | WEST CHESTER | City |
| State | PA | State |
| ZIP Code | 19381 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | TERESA JOHN | Name |
| Title | CFO | Title |
| Phone | 6104362868 | Phone |
| Date Signed | 2014-03-22 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | JULIUS GREEN CPA | Name |
| PTIN | P00350393 | PTIN |
| Phone | 2159720701 | Phone |
| Date Prepared | 2014-03-22 | DatePrepared |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2012 | TaxYear |
| Build TS | 2015-11-30 17:44:51Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | RICHARD T PRZYWARA | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 541 | AddressLine1 |
| City | WEST CHESTER | City |
| State | PA | State |
| ZIP Code | 19381 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 19005620 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | WWW.WCUHOUSING.COM | WebSite |
| Type Of Organization Association | X | TypeOfOrganizationAssociation |
| Type Of Org Other Description | LLC | TypeOfOrgOtherDescription |
| Year Formation | 2002 | YearFormation |
| State Legal Domicile | PA | StateLegalDomicile |
| Activity Or Mission Description | OWNS, CONSTRUCTS, MANAGES, AND MAINTAINS STUDENT HOUSING FACILITIES USED BY WEST CHESTER UNIVERSITY | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 26 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 26 | NbrIndependentVotingMembers |
| Total Nbr Employees | 38 | TotalNbrEmployees |
| Total Nbr Volunteers | 30 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 0 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 0 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 17785026 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 18512598 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 447700 | InvestmentIncomePriorYear |
| Investment Income Current Year | 450616 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 41650 | OtherRevenuePriorYear |
| Other Revenue Current Year | 42406 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 18274376 | TotalRevenuePriorYear |
| Total Revenue Current Year | 19005620 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 0 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 32850 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 1308056 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 1567791 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 0 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 18178904 | OtherExpensePriorYear |
| Other Expenses Current Year | 18178661 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 19486960 | TotalExpensesPriorYear |
| Total Expenses Current Year | 19779302 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | -1212584 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | -773682 | RevenuesLessExpensesCY |
| Total Assets BOY | 130339355 | TotalAssetsBOY |
| Total Assets EOY | 200775853 | TotalAssetsEOY |
| Total Liabilities BOY | 178616557 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 238423181 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | -48277202 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | -37647328 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | UNIVERSITY STUDENT HOUSING WAS ORGANIZED FOR THE CHARITABLE, SCIENTIFIC AND EDUCATIONAL PURPOSES EXCLUSIVELY FOR THE BENEFIT AND SUPPORT OF THE WEST CHESTER UNIVERSITY FOUNDATION, AND AS SUCH OWNS, CONSTRUCTS, OPERATES, MANAGES, AND MAINTAINS HOUSING FACILITIES FOR THE BENEFIT OF WEST CHESTER UNIVERSITY AND ITS STUDENTS. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 19296044 | Expense |
| Grants | 32850 | Grants |
| Revenue | 18512598 | Revenue |
| Description | UNIVERSITY STUDENT HOUSING, LLC ("USH") OPERATES AND MANAGES STUDENT HOUSING FACILITIES FOR 2,047 RESIDENTS FOR THE BENEFIT OF WEST CHESTER UNIVERSITY OF PENNSYLVANIA ("WCU"). USH MANAGES FOUR COMFORTABLE RESIDENT COMMUNITIES LOCATED ON THE WEST CHESTER UNIVERSITY CAMPUS. USH IS RESPONSIBLE FOR THE DAY-TO-DAY MANAGEMENT OF THE COMMUNITIES. THE RESIDENCE LIFE STAFF FOR EACH COMMUNITY HANDLES ALL STUDENT-RELATED ISSUES AND IS MANAGED BY WCU. ALL USH COMMUNITIES ARE PATROLLED AND MONITORED BY WCU PUBLIC SAFETY. EACH USH COMMUNITY FEATURES PRIVATE AND SEMI-PRIVATE AIR CONDITIONED SUITES, ON-SITE FITNESS CENTER, SPACIOUS STUDENT LOUNGES AND GAME ROOMS, FREE LAUNDRY AT THE RESIDENCE HALLS, CABLE TV AND ETHERNET SERVICE, AND FULL KITCHEN AND VENDING AREAS. | Description |
| Total Program Service Expense | 19296044 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 0 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 0 | LobbyingActivities |
| Subject To Proxy Tax | 0 | SubjectToProxyTax |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 0 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 0 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 0 | ReportOtherAssets |
| Report Other Liabilities | 1 | ReportOtherLiabilities |
| Report Fin48 Footnote | 1 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 0 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 1 | ConsolidatedAuditFinancialStmt |
| School | 0 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 0 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 1 | GrantsToOrganizations |
| Grants To Individuals | 0 | GrantsToIndividuals |
| Schedule J Required | 1 | ScheduleJRequired |
| Tax Exempt Bonds | 1 | TaxExemptBonds |
| Invest Tax Exempt Bonds | 0 | InvestTaxExemptBonds |
| Escrow Account | 0 | EscrowAccount |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuer |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 1 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 0 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 1 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 17 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 38 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 0 | UnrelatedBusinessIncome |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributions |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | 0 | FundsToPayPremiums |
| Premiums Paid | 0 | PremiumsPaid |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 26 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 26 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 1 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 1 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 1 | MembersOrStockholders |
| Election Of Board Members | 1 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 1 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 1 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | PA | StatesWhereCopyOfReturnIsFiled |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | TERESA JOHN CFO | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 6104362534 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 202 CARTER DRIVE | AddressLine1 |
| City | WEST CHESTER | City |
| State | PA | State |
| ZIP Code | 19382 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (29 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Average Hours Per Week RelatedAverageHoursPerWeekRelated | Individual Trustee Or DirectorIndividualTrusteeOrDirector | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation |
|---|---|---|---|---|---|---|---|
| JAMES SHINEHOUSE | |||||||
| PRESIDENT | 0.10 | 0.10 | X | X | 0 | 0 | 0 |
| JOHN N NICKOLAS | |||||||
| VICE PRESIDENT | 0.10 | 0.10 | X | X | 0 | 0 | 0 |
| MAY VAN | |||||||
| TREASURER | 0.10 | 0.10 | X | X | 0 | 0 | 0 |
| SANDRA F MATHER | |||||||
| SECRETARY | 0.10 | 0.10 | X | X | 0 | 0 | 0 |
| MILLIE C CASSIDY | |||||||
| TRUSTEE | 0.10 | 0.10 | X | 0 | 0 | 0 | |
| KATE CIPRIANO | |||||||
| TRUSTEE | 0.10 | 0.10 | X | 0 | 0 | 0 | |
| CHRISTOPHER J DIGIUSEPPE | |||||||
| TRUSTEE | 0.10 | 0.10 | X | 0 | 0 | 0 | |
| JANE B FONTAINE | |||||||
| 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 | |
| DR MAURY HOBERMAN | |||||||
| TRUSTEE | 0.10 | 0.10 | X | 0 | 0 | 0 | |
| DR DAVID P HOLVECK | |||||||
| TRUSTEE | 0.10 | 0.10 | X | 0 | 0 | 0 | |
| DR DONALD E LEISEY | |||||||
| TRUSTEE | 0.10 | 0.10 | X | 0 | 0 | 0 | |
| EMILY JANE LEMOLE | |||||||
| 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 | |
| KEITH BEALE | |||||||
| TRUSTEE | 0.10 | 0.10 | X | 0 | 0 | 0 | |
| DR H VISCOUNT NELSON | |||||||
| TRUSTEE | 0.10 | 0.10 | X | 0 | 0 | 0 | |
| JOHN R PANICHELLO | |||||||
| TRUSTEE | 0.10 | 0.10 | X | 0 | 0 | 0 | |
| PAULA D SHAFFNER ESQ | |||||||
| TRUSTEE | 0.10 | 0.10 | X | 0 | 0 | 0 | |
| DR JUDITH FINKEL RESIGNED | |||||||
| TRUSTEE | 0.10 | 0.10 | X | 0 | 0 | 0 | |
| CHRISTOPHER FRANKLIN | |||||||
| TRUSTEE | 0.10 | 0.10 | X | 0 | 0 | 0 | |
| JOHN STODDART | |||||||
| TRUSTEE | 0.10 | 0.10 | X | 0 | 0 | 0 | |
| SAMUEL C THOMPSON JR | |||||||
| TRUSTEE | 0.10 | 0.10 | X | 0 | 0 | 0 | |
| BRIGADIER GENERAL GEORGE WALLS JR | |||||||
| TRUSTEE | 0.10 | 0.10 | X | 0 | 0 | 0 | |
| RICHARD T PRZYWARA | |||||||
| EXECUTIVE DIRECTOR | 36.00 | 4.00 | X | 0 | 154257 | 14331 | |
| TERESA JOHN | |||||||
| ASSISTANT TREASURER | 20.00 | 20.00 | X | 0 | 97497 | 31626 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 0 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 251754 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 45957 | TotalOtherCompensation |
| Number Individuals GT100 K | 0 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (5 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| WEST CHESTER UNIVERSITY | |||||
| 700 S HIGH STREET | WEST CHESTER | PA | 19383 | PUBLIC SAFETY, RESID LIFE, TELECOM | 1152963 |
| ARAMARK | |||||
| 1101 MARKET STREET | PHILADELPHIA | PA | 19107 | JANITORIAL SERVICES | 546965 |
| CHESTER VALLEY ENGINEERS INC | |||||
| 83 CHESTNUT ROAD PO BOX 447 | PAOLI | PA | 19301 | ENGINEERING SERVICES | 337744 |
| REMINGTON GROUP INC | |||||
| 351 EAST CONESTOGA ROAD | WAYNE | PA | 19087 | PROJECT MGMT SERVICES | 293846 |
| VOITH & MACTAVISH ARCHITECTS | |||||
| 1616 WALNUT STREET 24TH FLOOR | PHILADELPHIA | PA | 19103 | ARCHITECTURAL SERVICES | 286767 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 15 | NumberOfContractorsGT100K |
Program Service Revenue ProgramServiceRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | STUDENT HOUSING REVENUE | Description |
| Business Code | 531110 | BusinessCode |
| Total Revenue Column | 18512598 | TotalRevenueColumn |
| Related Or Exempt Function Income | 18512598 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 18512598 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 450616 | TotalRevenueColumn |
| Exclusion | $450,616 | ExclusionAmount |
Other Revenue Misc OtherRevenueMisc (3 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | ExclusionExclusionAmount |
|---|---|---|---|
| CUSTODIAL SERVICES | 900099 | 39161 | $39,161 |
| FLOOD DAMAGE REIMBURSEMENT | 900099 | 1975 | $1,975 |
| AMORTIZATION OF DEPOSITS | 900099 | 1000 | $1,000 |
Miscellaneous Revenue MiscellaneousRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 270 | TotalRevenueColumn |
| Exclusion | $270 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 42406 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 19005620 | TotalRevenueColumn |
| Related Or Exempt Function Income | 18512598 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $493,022 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part IX | X | InfoInScheduleOPartIX |
Grants To Domestic Orgs GrantsToDomesticOrgs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 32850 | Total |
| Program Services | 32850 | ProgramServices |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 230366 | Total |
| Management And General | 230366 | ManagementAndGeneral |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1056683 | Total |
| Program Services | 939728 | ProgramServices |
| Management And General | 116955 | ManagementAndGeneral |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 33863 | Total |
| Program Services | 10685 | ProgramServices |
| Management And General | 23178 | ManagementAndGeneral |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 175928 | Total |
| Program Services | 166635 | ProgramServices |
| Management And General | 9293 | ManagementAndGeneral |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 70951 | Total |
| Program Services | 47413 | ProgramServices |
| Management And General | 23538 | ManagementAndGeneral |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 65280 | Total |
| Program Services | 31655 | ProgramServices |
| Management And General | 33625 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 38570 | Total |
| Management And General | 38570 | ManagementAndGeneral |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2350868 | Total |
| Program Services | 2347709 | ProgramServices |
| Management And General | 3159 | ManagementAndGeneral |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 53030 | Total |
| Program Services | 53030 | ProgramServices |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 99472 | Total |
| Program Services | 99344 | ProgramServices |
| Management And General | 128 | ManagementAndGeneral |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 68445 | Total |
| Program Services | 68445 | ProgramServices |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 8554688 | Total |
| Program Services | 8554688 | ProgramServices |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1679 | Total |
| Program Services | 1679 | ProgramServices |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 5072862 | Total |
| Program Services | 5072862 | ProgramServices |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 108619 | Total |
| Program Services | 108619 | ProgramServices |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices |
|---|---|---|
| PUBLIC SAFETY | 791068 | 791068 |
| RESIDENCE LIFE | 579975 | 579975 |
| DEBT SERVICE | 263810 | 263810 |
| SHUTTLE | 59156 | 59156 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 71139 | Total |
| Program Services | 66693 | ProgramServices |
| Management And General | 4446 | ManagementAndGeneral |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 19779302 | Total |
| Program Services | 19296044 | ProgramServices |
| Management And General | 483258 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 871 | BOY |
| EOY | 5965 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 18333537 | BOY |
| EOY | 14726675 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 162765 | BOY |
| EOY | 335512 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 64729 | BOY |
| EOY | 139114 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 152175354 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 26074059 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 108801502 | BOY |
| EOY | 126101295 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 861797 | BOY |
| EOY | 55828442 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2114154 | BOY |
| EOY | 3638850 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 130339355 | BOY |
| EOY | 200775853 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 373782 | BOY |
| EOY | 1017998 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 390231 | BOY |
| EOY | 407615 | EOY |
Tax Exempt Bond Liabilities TaxExemptBondLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 138590000 | BOY |
| EOY | 212691533 | EOY |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1248394 | BOY |
| EOY | 0 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 38014150 | BOY |
| EOY | 24306035 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 178616557 | BOY |
| EOY | 238423181 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | -48277202 | BOY |
| EOY | -37647328 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | -48277202 | BOY |
| EOY | -37647328 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 130339355 | BOY |
| EOY | 200775853 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | -773682 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | 11403556 | ReconcilationOtherChanges |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
FS Audited Basis FSAuditedBasis
| Field | Value | IRS element (for citing) |
|---|---|---|
| Financial Statement Consolidated | X | FinancialStatementConsolidated |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | 1 | AuditCommittee |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequired |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Supporting Organization509a3 | X | SupportingOrganization509a3 |
| Supporting Org509a3 Type1 | X | SupportingOrg509a3Type1 |
| Certification Checkbox | X | CertificationCheckbox |
| Contrib By Controlling Individual | 0 | ContribByControllingIndividual |
| Contribution By Related Party | 0 | ContributionByRelatedParty |
| Contrib By35 Controlled Entity | 0 | ContribBy35ControlledEntity |
Supported Org Information SupportedOrgInformation
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | WCU FOUNDATION | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 233054174 | EIN |
| Type Of Organization | 5 | TypeOfOrganization |
| Listed In Governing Doc | 1 | ListedInGoverningDoc |
| Supported Organization Notified | 1 | SupportedOrganizationNotified |
| Organized In US | 1 | OrganizedInUS |
| Amount | $1,990,000 | Amount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Number Of Supported Orgs | 1 | TotalNumberOfSupportedOrgs |
| Sum Of Amounts | 1990000 | SumOfAmounts |
Schedule D IRS990ScheduleD
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 124233515 | OtherCostOrOtherBasis |
| Depreciation | 22469794 | Depreciation |
| Book Value | 101763721 | BookValue |
Leasehold Improvements LeaseholdImprovements
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 54652 | OtherCostOrOtherBasis |
| Depreciation | 18823 | Depreciation |
| Book Value | 35829 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 4428362 | OtherCostOrOtherBasis |
| Depreciation | 3585442 | Depreciation |
| Book Value | 842920 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 23458825 | OtherCostOrOtherBasis |
| Book Value | 23458825 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 126101295 | TotalOfBookValueLandBuildings |
Other Liabilities OtherLiabilities (2 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| INTEREST RATE SWAP LIABILITY | $23,952,385 |
| DUE TO WEST CHESTER UNIVERSITY FOUNDATION | $353,650 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 24306035 | TotalOfAmounts |
| Footnote In Part XIII | X | FootnoteInPartXIII |
| Tot Revenue Etc Audited Fincl Stmt | 30409176 | TotRevenueEtcAuditedFinclStmt |
| Other Revenues | 11403556 | OtherRevenues |
| Revenue Not Rptd F990 | 11403556 | RevenueNotRptdF990 |
| Revenue Subtotal | 19005620 | RevenueSubtotal |
| Revenue Not Rptd On Fin Stmt | 0 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 19005620 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 19779302 | TotExpensesEtcAuditedFinclStmt |
| Expenses Not Rptd F990 | 0 | ExpensesNotRptdF990 |
| Expenses Subtotal | 19779302 | ExpensesSubtotal |
| Expenses Not Rptd On Fin Stmt | 0 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 19779302 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIII Form990ScheduleDPartXIII (3 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: | PART X, LINE 2: | MANAGEMENT HAS EVALUATED SUBSTANTIVE TAX POSITIONS TAKEN BY THE ORGANIZATION AS OF JUNE 30, 2013 AND 2012. 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, 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, 2013 AND 2012, THE ORGANIZATION HAD NO MATERIAL UNRECOGNIZED TAX BENEFITS OR LIABILITIES. |
| PART XI, LINE 2D - OTHER ADJUSTMENTS: | CHANGE IN FAIR VALUE OF INTEREST RATE SWAP LIABILITY 13,393,556. TRANSFER TO WEST CHESTER UNIVERSITY FOUNDATION -1,990,000. | |
| 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. |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | 1 | RecordsMaintained |
Recipient Table RecipientTable
Recipient Name Business RecipientNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BOROUGH OF WEST CHESTER | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 401 E GAY STREET | AddressLine1 |
| City | WEST CHESTER | City |
| State | PA | State |
| ZIP Code | 19380 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN Of Recipient | 236002957 | EINOfRecipient |
| Amount Of Cash Grant | 32850 | AmountOfCashGrant |
| Purpose Of Grant | TO FUND A SECURITY PATROL PROGRAM DURING HIGH STUDENT ACTIVITY | PurposeOfGrant |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Nbr Of501 C3 And Govt Grants | 1 | TotalNbrOf501C3AndGovtGrants |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | PROCEDURE FOR MONITORING GRANTS IN THE U.S.: | Identifier |
| Return Reference | PART I, LINE 2: | ReturnReference |
| Explanation | SCHEDULE I, PART I, LINE 2: FOR THE GRANT TO THE WEST CHESTER BOROUGH POLICE, THE BOROUGH PROVIDED TO USH A COPY OF THE CONTRACT WITH THE SECURITY FIRM ENGAGED TO PROVIDE SECURITY PATROLS WITHIN THE BOROUGH. AT THE END OF THE SCHOOL YEAR THE BOROUGH PROVIDES AN ANNUAL REPORT TO UNIVERSITY STUDENT HOUSING REGARDING THE EFFECTIVENESS OF PATROL AND WHETHER PREDEFINED OBJECTIVES WERE MET. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Severance Payment | 0 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 0 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | 0 | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | 0 | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | 0 | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | 0 | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | 0 | AnyNonFixedPayments |
| Initial Contract Exception | 0 | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | RICHARD T PRZYWARA | NamePerson |
| Title | EXECUTIVE DIRECTOR | Title |
| Base Compensation Filing Org | 0 | BaseCompensationFilingOrg |
| Comp Based On Related Orgs | 147257 | CompBasedOnRelatedOrgs |
| Bonus Filing Org | 0 | BonusFilingOrg |
| Bonus Related Orgs | 7000 | BonusRelatedOrgs |
| Other Compensation Filing Org | 0 | OtherCompensationFilingOrg |
| Other Compensation Related Orgs | 0 | OtherCompensationRelatedOrgs |
| Deferred Comp Filing Org | 0 | DeferredCompFilingOrg |
| Deferred Comp Related Orgs | 14331 | DeferredCompRelatedOrgs |
| Nontaxable Benefits Filing Org | 0 | NontaxableBenefitsFilingOrg |
| Nontaxable Benefits Related Orgs | 0 | NontaxableBenefitsRelatedOrgs |
| Total Compensation Filing Org | 0 | TotalCompensationFilingOrg |
| Total Compensation Related Orgs | 168588 | TotalCompensationRelatedOrgs |
| Comp Report Prior990 Filing Org | 0 | CompReportPrior990FilingOrg |
| Comp Report Prior990 Related Orgs | 0 | CompReportPrior990RelatedOrgs |
Form990 Schedule J Part III Form990ScheduleJPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Reference | PART I, LINE 3 | ReturnReference |
| Explanation | ALL OFFICERS ARE COMPENSATED BY THE RELATED AFFILIATE, WEST CHESTER UNIVERSITY FOUNDATION (EIN 23-3054174). THESE METHODS INCLUDE THE USE OF A BOARD-LEVEL COMPENSATION COMMITTEE, OTHER ORGANIZATIONS' FORM 990, COMPENSATION SURVEYS USING COMPARABLE DATA FROM OTHER ORGANIZATIONS, AND APPROVAL BY THE BOARD. | Explanation |
Schedule K IRS990ScheduleK
Form990 Schedule K Part I Form990ScheduleKPartI (4 entries)
| Bond ReferenceBondReferenceCd | Issuer EINIssuerEIN | CUSIP NumberCUSIPNumber | Date IssuedDateIssued | Issue PriceIssuePrice | Description Of PurposeDescriptionOfPurpose | DefeasedDefeased | On Behalf Of IssuerOnBehalfOfIssuer | Pool FinancingPoolFinancing |
|---|---|---|---|---|---|---|---|---|
| CHESTER COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY | ||||||||
| A | 232667137 | 16559PAC9 | 2009-08-05 | 41145000 | SEE PART VI | 0 | 0 | 0 |
| CHESTER COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY | ||||||||
| B | 232667137 | 115590AE5 | 2012-02-01 | 98540000 | SEE PART VI | 0 | 0 | 0 |
| CHESTER COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY | ||||||||
| C | 232667137 | 16559PAT2 | 2013-03-05 | 58599809 | SEE PART VI | 0 | 0 | 0 |
| CHESTER COUNTY INDUSTRIAL DEVELOOPMENT AUTHORITY | ||||||||
| D | 232667137 | 2012-08-28 | 22000000 | SEE PART VI | 0 | 0 | 0 | |
Form990 Schedule K Part II Form990ScheduleKPartII (4 entries)
| Bond ReferenceBondReferenceCd | Amount RetiredAmountRetired | Total ProceedsTotalProceeds | Amount In Reserve FundAmountInReserveFund | Other Spent ProceedsOtherSpentProceeds | Year Of Subst CompletionYearOfSubstCompletion | Current RefundingCurrentRefunding | Advance RefundingAdvanceRefunding | Final Allocation MadeFinalAllocationMade | Adequate Books And Recds MaintaindAdequateBooksAndRecdsMaintaind | Issuance Costs From ProceedsIssuanceCostsFromProceeds | Capital ExpendituresCapitalExpenditures | Amount UnspentAmountUnspent |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| A | 1760000 | 41145000 | 2889750 | 38255250 | 2004 | 1 | 0 | 1 | 1 | |||
| B | 640000 | 98540000 | 5982900 | 92557100 | 2009 | 1 | 0 | 1 | 1 | |||
| C | 58599809 | 1867500 | 2014 | 0 | 0 | 1 | 1 | 996281 | 6128381 | 49607647 | ||
| D | 22000000 | 714550 | 1388215 | 2013 | 0 | 0 | 0 | 1 | 237002 | 13895883 | 5764350 |
Form990 Schedule K Part III Form990ScheduleKPartIII (4 entries)
| Bond ReferenceBondReferenceCd | Owning Bond Financed PropertyOwningBondFinancedProperty | Any Lease ArrangementsAnyLeaseArrangements | Mngment Cntrct Bond Financd PrprtyMngmentCntrctBondFinancdPrprty | Any Research AgreementsAnyResearchAgreements | Prcntge Prvt Business Use By OthersPrcntgePrvtBusinessUseByOthers | Percentage Of Prvt Business Re UBIPercentageOfPrvtBusinessReUBI | Total Private Business UseTotalPrivateBusinessUse | Bond Iss Meet Prvt Security Pay TestBondIssMeetPrvtSecurityPayTest | Change In Use Bond Financed PropChangeInUseBondFinancedProp | Non Qualified Bond Remed ProcdrsNonQualifiedBondRemedProcdrs |
|---|---|---|---|---|---|---|---|---|---|---|
| A | 0 | 0 | 0 | 0 | 0.00000 | 0.00000 | 0.00000 | 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 |
| D | 0 | 0 | 0 | 0 | 0.00000 | 0.00000 | 0.00000 | 0 | 0 | 1 |
Form990 Schedule K Part IV Form990ScheduleKPartIV (4 entries)
| Bond ReferenceBondReferenceCd | Form8038 T FiledForm8038TFiled | Rebate Not Due YetRebateNotDueYet | Exception To RebateExceptionToRebate | No Rebate DueNoRebateDue | Variable Rate IssueVariableRateIssue | Hedge Identified In Books And RecdsHedgeIdentifiedInBooksAndRecds | Term Of HedgeTermOfHedge | Superintegrated HedgeSuperintegratedHedge | Hedge TerminatedHedgeTerminated | Gross Proceeds Invested In GICGrossProceedsInvestedInGIC | Business Name Line2NameOfGICProvider/BusinessNameLine2 | Term Of GICTermOfGIC | Regulatory Safe Harbor SatisfiedRegulatorySafeHarborSatisfied | Gross Proceeds InvestedGrossProceedsInvested | Written Proc To Monitor ReqsWrittenProcToMonitorReqs |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| SEE PART VI | |||||||||||||||
| A | 0 | 1 | 0 | 0 | 1 | 1 | 10.000000000000 | 0 | 0 | 1 | PROD | 22.000000000000 | 1 | 1 | 1 |
| SEE PART VI | |||||||||||||||
| B | 0 | 1 | 0 | 0 | 1 | 1 | 10.300000000000 | 0 | 0 | 1 | PROD | 10.000000000000 | 1 | 1 | 1 |
| NATIXIS FUNDING | |||||||||||||||
| C | 0 | 1 | 0 | 0 | 0 | 0 | 1 | CORP | 1.900000000000 | 1 | 1 | 1 | |||
| (no name) | |||||||||||||||
| D | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | ||||||
Form990 Schedule K Part V Form990ScheduleKPartV (4 entries)
| Bond ReferenceBondReferenceCd | Proc To Undertk Corrective ActionProcToUndertkCorrectiveAction |
|---|---|
| A | 1 |
| B | 1 |
| C | 1 |
| D | 1 |
Form990 Schedule K Part VI Form990ScheduleKPartVI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | SCHEDULE K SUPPLENTAL INFORMATION | Identifier |
| Explanation | PART I, COLUMN (C): BOND B: NEW BOND ISSUE HAD TWO SERIES: CUSIP # 16559PAE5 AND 16559PAF2. PART I, COLUMN (F): BOND A: CURRENT REFUNDING OF BONDS ISSUED AUGUST 19, 2003 TO FUND CONSTRUCTION OF STUDENT HOUSING AT WEST CHESTER UNIVERSITY. BOND B: CURRENT REFUNDING OF BONDS ISSUED MARCH 25, 2008. BOND C: BUILDING PROJECTS BOND D: CURRENT REFUNDING, BUILDING PROJECTS PART II, LINE 11: ALL PROCEEDS OF BONDS A AND B WERE APPLIED TO REFUND THE 2003 AND 2008 BONDS. PART IV, LINES 4B AND 4C: BOND A: CITIZENS BANK OF PA, 10 YEARS (AUGUST 2008 - AUGUST 2018) BOND B: CITIZENS BANK OF PA, 10.3 YEARS (APRIL 2008 - AUGUST 2018) AND MORGAN KEEGAN FINANCIAL PRODUCTS, 34.8 YEARS (APRIL 2008 - FEBRUARY 2043). PART IV, LINE 6: BOND A: GROSS PROCEEDS OF $123,360 (.3% OF TOTAL ISSUANCE) WERE INVESTED BELOW BOND YIELD MORE THAN THREE YEARS AFTER ISSUANCE. ALL REMAINING PROCEEDS WERE SPENT DECEMBER 2010. BOND B: GROSS PROCEEDS OF $462,257 (.5% OF TOTAL ISSUANCE) WERE INVESTED BELOW BOND YIELD THREE YEARS AFTER ISSUANCE. ALL REMAINING PROCEEDS WERE SPENT BY JULY 2012. | Explanation |
Schedule L IRS990ScheduleL
Form990 Schedule L Part IV Form990ScheduleLPartIV
Name Of Interested Person NameOfInterestedPerson
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MICHAEL O'ROURKE | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Relationship | FORMER BOARD TRUSTEE | Relationship |
| Amount Of Transaction | 172812 | AmountOfTransaction |
| Description Of Transaction | MICHAEL O'ROURKE IS PRESIDENT OF O'ROURKE & SONS, INC. O'ROURKE & SONS, INC. PROVIDED CONSTRUCTION SERVICES FOR STAIRWELL REPLACEMENT. | DescriptionOfTransaction |
| Sharing Of Revenues | 0 | SharingOfRevenues |
Form990 Schedule L Part V Form990ScheduleLPartV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | SCHEDULE L, PART IV | Identifier |
| Return Reference | TRANSACTIONS WITH INTERESTED PERSONS: | ReturnReference |
| Explanation | ALL TRANSACTIONS WITH INTERESTED PERSONS TAKE PLACE AT ARM'S LENGTH. | Explanation |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (12 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| FORM 990, PART VI, SECTION A, LINE 1 | THE EXECUTIVE COMMITTEE IS COMPOSED OF THE OFFICERS OF UNIVERSITY STUDENT HOUSING, THE PRESIDENT OF WEST CHESTER UNIVERSITY (WCU), THE VICE PRESIDENT FOR ADVANCEMENT OF WCU, 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 UNIVERSITY STUDENT HOUSING, LLC. | |
| FORM 990, PART VI, SECTION A, LINE 2 | AS PART OF THE ANNUAL CONFLICT OF INTEREST DISCLOSURE, TRUSTEES AND OFFICERS ARE REQUIRED TO DISCLOSE ANY FAMILY OR BUSINESS RELATIONSHIPS. THE FOLLOWING RELATIONSHIPS WERE DISCLOSED: FAMILY RELATIONSHIP BETWEEN DR. H. VISCOUNT NELSON, BRIGADIER GENERAL GEORGE H. WALLS, JR., AND MR. SAMUEL C. THOMPSON, JR. | |
| FORM 990, PART VI, SECTION A, LINE 4 | AN AMENDMENT TO THE CERTIFICATE OF ORGANIZATION SLIGHTLY BROADENS USH'S PURPOSE TO INCLUDE HOUSING ACTIVITIES INCIDENTAL TO THE UNIVERSITY'S EDUCATIONAL PURPOSES. THE EFFECT IS TO CLEARLY AUTHORIZE USH'S USE OF STUDENT HOUSING FACILITIES FOR SUMMER CAMPS AND SIMILAR PROGRAMS SPONSORED BY THE UNIVERSITY. | |
| FORM 990, PART VI, SECTION A, LINE 6 | THE SOLE MEMBER OF UNIVERSITY STUDENT HOUSING, LLC IS THE WEST CHESTER UNIVERSITY FOUNDATION, A TAX-EXEMPT ORGANIZATION. | |
| FORM 990, PART VI, SECTION A, LINE 7A | THE BUSINESS AND AFFAIRS OF THE ORGANIZATION ARE MANAGED UNDER DIRECTION OF A BOARD OF MANAGERS. THESE MANAGERS SHALL SERVE EX-OFFICIO BY VIRTUE OF THEIR POSITIONS AS TRUSTEES OF THE ORGANIZATION'S SOLE MEMBER, WEST CHESTER UNIVERSITY FOUNDATION. EACH MEMBER OF THE BOARD OF MANAGERS SHALL HAVE THE SAME VOTING RIGHTS AS A MANAGER AS HE OR SHE HAS AS A TRUSTEE OF THE WEST CHESTER UNIVERSITY FOUNDATION. | |
| FORM 990, PART VI, SECTION A, LINE 7B | THE ORGANIZATION'S SOLE MEMBER, WEST CHESTER UNIVERSITY FOUNDATION, HAS CERTAIN RIGHTS, INCLUDING THE FOLLOWING: 1) THE ORGANIZATION MAY BE DISSOLVED UPON THE DECISION OF THE SOLE MEMBER. 2) THE ORGANIZATION'S OPERATING AGREEMENT SHALL NOT BE AMENDED WITHOUT THE CONSENT OF THE SOLE MEMBER. | |
| FORM 990, PART VI, SECTION B, LINE 11 | THE CHIEF FINANCIAL OFFICER REVIEWS THE 990 DRAFT IN DETAIL AND RECONCILES TO THE AUDITED FINANCIAL STATEMENTS AND APPROPRIATE LEGAL AND OTHER DOCUMENTS. CHANGES ARE SENT TO THE TAX PREPARER. ONCE ALL CHANGES HAVE BEEN MADE AND APPROVED BY THE CHIEF FINANCIAL OFFICER, THE DRAFT 990 IS PROVIDED TO EACH TRUSTEE FOR THEIR REVIEW AND COMMENTS IN ADVANCE OF THE FILING DEADLINE. | |
| FORM 990, PART VI, SECTION B, LINE 12C | 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. ANNUALLY, CONFLICT OF INTEREST DISCLOSURES ARE COMPLETED BY EACH TRUSTEE AND OFFICER DISCLOSING ANY CIRCUMSTANCES THAT MIGHT DISSUADE THEM FROM ACTING IN THE BEST INTEREST OF THE ORGANIZATION. ANNUAL DISCLOSURE STATEMENTS ARE FORWARDED TO THE EXECUTIVE DIRECTOR WHO DETERMINES WHETHER A CONFLICT OF INTEREST MAY EXIST. | |
| FORM 990, PART VI, SECTION B, LINE 15 | THE EXECUTIVE DIRECTOR'S COMPENSATION IS REVIEWED ANNUALLY 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. ALL 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. ON DECEMBER 2012 A THREE-YEAR CONTRACT WAS EXECUTED FOR THE PERIOD JULY 1, 2013 THROUGH JUNE 30, 2016. ANNUAL SALARY DATA PRESENTED IN THE CHRONICLE OF HIGHER EDUCATION IS USED TO ESTABLISH A FAIR SALARY RANGE. THE FINAL COMPENSATION LEVEL IS APPROVED BY THE PRESIDENT OF THE BOARD AND THE COMMITTEE BEFORE THE EMPLOYMENT CONTRACT IS FINALIZED. 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 COMPARABLE 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 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. | |
| FORM 990, PART IX, LINE 11G | TEMPORARY HELP : PROGRAM SERVICE EXPENSES 2,006. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,006. PROFESSIONAL SERVICES : PROGRAM SERVICE EXPENSES 6,777. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 6,777. REMARKETING FEES : PROGRAM SERVICE EXPENSES 141,288. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 141,288. CREDIT CARD FEES : PROGRAM SERVICE EXPENSES 87,979. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 87,979. LETTER OF CREDIT FEE : PROGRAM SERVICE EXPENSES 2,057,212. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,057,212. TRUSTEE FEES : PROGRAM SERVICE EXPENSES 26,500. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 26,500. CREDIT REPORTS : PROGRAM SERVICE EXPENSES 25,947. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 25,947. PAYROLL PROCESSING FEES : PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 3,159. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 3,159. | OTHER FEES |
| FORM 990, PART XI, LINE 9: | CHANGE IN FAIR VALUE OF INTEREST RATE SWAP LIABILITY 13,393,556. TRANSFER TO WEST CHESTER UNIVERSITY FOUNDATION -1,990,000. | CHANGES IN NET ASSETS OR FUND BALANCES: |
Schedule R IRS990ScheduleR
Form990 Schedule R Part II Form990ScheduleRPartII
Name Of Disregarded Entity NameOfDisregardedEntity
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | WEST CHESTER UNIVERSITY FOUNDATION | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 202 CARTER DRIVE | AddressLine1 |
| City | WEST CHESTER | City |
| State | PA | State |
| ZIP Code | 19382 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 233054174 | EIN |
| Primary Activities | SUPPORT FOR WEST CHESTER UNIVERSITY OF PENNSYLVANIA | PrimaryActivities |
| Legal Domicile State | PA | LegalDomicileState |
| Exempt Code Section | 501(C)(3) | ExemptCodeSection |
| Public Charity Status | LINE 5 | PublicCharityStatus |
| Direct Controlling Entity NA | N/A | DirectControllingEntityNA |
| Controlled Org | 0 | ControlledOrg |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Ann Rents Royalties | 0 | ReceiptOfIntAnnRentsRoyalties |
| Gift Grant Or Cap Contr To Other Org | 0 | GiftGrantOrCapContrToOtherOrg |
| Gift Grant Or Cap Contr Fr Other Org | 0 | GiftGrantOrCapContrFrOtherOrg |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrg |
| Loans Or Guarantees From Other Org | 0 | LoansOrGuaranteesFromOtherOrg |
| Dividends Related Organization | 0 | DividendsRelatedOrganization |
| Sale Of Assets To Other Org | 0 | SaleOfAssetsToOtherOrg |
| Purchase Of Assets From Other Org | 0 | PurchaseOfAssetsFromOtherOrg |
| Exchange Of Assets | 0 | ExchangeOfAssets |
| Rental Of Facilities To Other Orgs | 0 | RentalOfFacilitiesToOtherOrgs |
| Rental Of Facilities Fr Other Orgs | 0 | RentalOfFacilitiesFrOtherOrgs |
| Perform Of Services For Other Orgs | 0 | PerformOfServicesForOtherOrgs |
| Perform Of Services By Other Orgs | 0 | PerformOfServicesByOtherOrgs |
| Sharing Of Facilities | 0 | SharingOfFacilities |
| Sharing Of Paid Employees | 1 | SharingOfPaidEmployees |
| Reimbursement Paid To Other Org | 1 | ReimbursementPaidToOtherOrg |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrg |
| Other Transfer To Other Org | 1 | OtherTransferToOtherOrg |
| Other Transfer From Other Org | 0 | OtherTransferFromOtherOrg |