2014-05-12T14:10:34-05:00 2013-06-30 KPMG LLP 345 Park Avenue New York NY 101540102 990 2012-07-01 221487164 DREW UNIVERSITY % MICHAEL GROENER DREW 9734083501 36 MADISON AVENUE Suite MADISON NJ 07940 MICHAEL GROENER 9734083501 2014-05-12 true 2127589700 2012 2015-11-30 17:44:51Z Dr Vivian Bull PRESIDENT 36 MADISON AVENUE MADISON NJ 07940 372469097 false X WWW.DREW.EDU X 1868 NJ THE UNIVERSITY OFFERS GRADUATE AND UNDERGRADUATE STUDIES AND IS COMPRISED OF THE COLLEGE OF LIBERAL ARTS, THE THEOLOGICAL SCHOOL, AND THE CASPERSEN SCHOOL OF GRADUATE STUDIES. 34 32 1967 32 172269 -20 9983188 8665687 97928247 96256669 26377396 10818309 1736698 3382322 136025529 119122987 34775892 36230996 0 0 50294172 47700634 0 0 3310811 37348614 37946265 122418678 121877895 13606851 -2754908 367472521 377574943 114564310 109787209 252908211 267787734 X DREW UNIVERSITY'S HIGHEST PRIORITY IS EXCELLENCE IN LIBERAL EDUCATION IN A CHANGING WORLD ENVIRONMENT. THIS PRIORITY GUIDES THE PLANNING, IMPLEMENTATION, AND EVALUATION OF THE PROGRAMS AND ACTIVITIES OF THE UNIVERSITY. FOR MORE INFORMATION, SEE SCHEDULE O. false false 50266684 29914745 67416465 THE DREW UNIVERSITY COLLEGE OF LIBERAL ARTS AFFIRMS A COMMITMENT TO ITS FOUNDING VISION: TO OFFER ITS STUDENTS A LIBERAL ARTS EDUCATION OF THE HIGHEST QUALITY. THROUGH A RIGOROUS COURSE OF STUDY, THE COLLEGE CHALLENGES STUDENTS TO EXPLORE THE ARTS, NATURAL SCIENCES, SOCIAL SCIENCES, HUMANITIES, AND INTERDISCIPLINARY FIELDS IN DEPTH AND TO DEVELOP THEIR CAPACITIES FOR CRITICAL THOUGHT, PROBLEM SOLVING, EFFECTIVE COMMUNICATION, CREATIVITY, SELF DISCIPLINE AND EMPATHY. AS THE COLLEGE PREPARES STUDENTS FOR ACADEMIC AND PROFESSIONAL ACHIEVEMENT, IT PROVIDES THEM WITH ESSENTIAL SKILLS FOR LIVING AND CONTINUING TO LEARN AND TO GROW IN AN INCREASINGLY DIVERSE AND COMPLEX WORLD. 10369544 4482159 6211658 DREW THEOLOGICAL SCHOOL - DREW THEOLOGICAL SCHOOL EMPOWERS LEADERSHIP FOR A GLOBAL CHRISTIANITY OF JUSTICE, ECUMENISM, AND THE INTEGRITY OF CREATION. ITS PASTORAL, SPIRITUAL, AND CONCEPTUAL DISCIPLINES GROW WITHIN AN INTIMATE LITURGICAL AND COMMUNAL CONTEXT, ONE THAT SUSTAINS MULTIPLE RELATIONS OF DIFFERENCE. THROUGH ITS PARTICULAR HISTORICAL COMMITMENTS TO AFRICAN, ASIAN, AFRICAN-AMERICAN, HISPANIC AND WOMEN'S MINISTRIES, THE THEOLOGICAL SCHOOL REMAINS FAITHFULLY ROOTED IN ITS METHODIST HERITAGE. FOR MORE INFORMATION, SEE SCHEDULE O. 4281770 1834092 4222316 THE CASPERSEN SCHOOL OF GRADUATE STUDIES - THE CASPERSEN SCHOOL OF GRADUATE STUDIES WAS FOUNDED ON THE PRINCIPLE OF THE IMPORTANCE OF INTERDISCIPLINARY STUDY IN THE HUMANITIES. THE GOAL OF THE SCHOOL'S FOUNDERS WAS TO FOSTER BROADLY EDUCATED PEOPLE WHO HAVE EXPERTISE IN A FIELD OF THOUGHT BUT WHO ARE ALSO FAMILIAR WITH AND ARTICULATE IN A RANGE OF HUMANISTIC STUDIES. FOR MORE INFORMATION, SEE SCHEDULE O. 40774410 21638886 105692408 true true false true false false false false false true true true false false true true false true true false true false false false true false false false true true true false false false false false false false false true false true false false false false true true true true false true 318 0 true 1967 true true true true CJ false false false true true false false false false X 34 32 false false false false false false false true true false false true true true true true true true true false X MICHAEL GROENER 9734083501 36 MADISON AVENUE MADISON NJ 07940 X DR VIVIAN A BULL 35.0 X X 153368 13657 FRANK J CARNABUCI III 1.0 X WILLIAM E CLARK 1.0 X C RORY CORRIGAN 1.0 X JOHN H CRAWFORD III 1.0 X X DEAN T CRIARES 1.0 X HUGH A D'ANDRADE 1.0 X EDWARD DEUTSCH 1.0 X SUDARSHANA DEVADHAR 1.0 X DONALD L DRAKEMAN 1.0 X D STUART DUNNAN 1.0 X ROBERT EDGAR 1.0 X JOHN A EHINGER 1.0 X EMILIA A FABRICANT 1.0 X MICHELE E FABRIZIO 1.0 X GAYLE E FITZPATRICK 1.0 X WILLIAM M FREEMAN 1.0 X X FREDRICK FUEST 1.0 X JORDAN M GLATT 1.0 X GATES H HAWN 1.0 X PEGGY A JOHNSON 1.0 X WILLIAM T KNOX 1.0 X WILLIAM W LANDIS III 1.0 X HWAIN C LEE 1.0 X KEVIN H MARINO 1.0 X MARTIN MCLEE 1.0 X BETSY S MICHEL 1.0 X EDWARD MOED 1.0 X LAWRENCE G MORRIS 1.0 X JEFFREY B NOSS 1.0 X LAURA OVERDECK 1.0 X JEREMIAH J PARK 1.0 X JANE RAINIS 1.0 X JOHN SCHOL 1.0 X SUZANNE MERTZ SPERO 1.0 X GARY S STEIN 1.0 X STEVEN A TASHER 1.0 X JENNIFER VELEZ 1.0 X PAULINE WARDELL-SANKOH 1.0 X KENNETH ALEXO 35.0 X 138537 29677 MICHAEL GROENER 35.0 X 29968 2290 PAMELA GUNTER-SMITH 35.0 X 188866 76935 MARGARET HOWARD 35.0 1.0 X 227579 21152 KAH - JIN KUAN 35.0 X 147693 61623 JOSEPH KELLY 35.0 1.0 X 168877 38851 MARK KOPENSKI 35.0 X 97169 16919 JONATHAN LEVIN 35.0 X 164161 92598 DAVID MUHA 35.0 X 128413 18553 ROBERT READY 35.0 X 154476 23787 SARAH WALDRON 35.0 X 133127 18778 ANDREW SCRIMGEOUR 35.0 0.0 X 132830 0 10881 WILLIAM BROWN 35.0 X 142699 405 ALAN CANDIOTTI 35.0 X 147993 23778 JASON FEIN 35.0 X 147271 28788 FRANK MALTINO 35.0 X 125224 31974 WILLIAM SCHULZ 35.0 X 122312 26032 ROBERT WEISBUCH 35.0 0.0 X 1138434 0 30948 3688997 0 567626 41 true true false ARAMARK 135 NEW ROAD MADISON CT 06443 FOOD SERVICE 4385926 LEEGIS GROUP 2333 US HWY 22 UNION NJ 07083 CONSTRUCTION 3622109 ARAMARK ED 24818 Network Pl CHICAGO IL 60673 OS GROUND MANTCE 1707176 AL SERVICES PO BOX 6391 LITTLETON RD PARSIPPANY NJ 07054 LANSDCAPING 1201764 HARVARD MAINTENANCE 3 WHIPPANY RD WHIPPANY NJ 07981 BUILDING MAINTENANCE 1025862 55 49525 1625069 6991093 634062 8665687 TUITION & FEES 900099 77850439 77850439 AUXILIARY INCOME 531110 18406230 18287931 118299 96256669 1193604 53970 1139634 0 0 0 0 0 259566762 3325562 252139810 1127809 7426952 2197753 9624705 9624705 109858 49525 78491 31367 31367 0 0 VEHICLE REGISTRATION FEES 900099 190108 190108 SHAKESPEARE INCOME 900099 116020 116020 METHODIST REVENUE 900099 172901 172901 2871926 2871926 3350955 119122987 99489325 172269 10795706 0 0 36230996 36230996 0 0 2072716 1171982 655005 245729 17301 17301 34746522 27348249 5720631 1677642 2255731 1763551 368765 123415 6124509 4791539 997655 335315 2483855 1941901 406059 135895 0 119734 3810 115924 183250 183250 50000 0 50000 0 0 506443 506443 581558 192263 281765 107530 0 1017618 678058 260095 79465 1316668 1180576 98060 38032 0 10017674 9156154 858515 3005 1109178 979404 47695 82079 0 970225 717967 30076 222182 2593047 2593047 0 8922229 8428594 439784 53851 692772 692772 FOOD EXPENSE 3939853 3935913 3940 SUPPLIES 1223145 1088599 85620 48926 LIBRARY MATERIALS 1018648 1018648 EQUIPMENT RENTAL & MAINTENANCE 1378190 464450 871016 42724 2306033 2006707 184305 115021 121877895 105692408 12874676 3310811 4977516 4318581 27405742 9145282 7345678 5059267 2205775 2162281 0 0 0 0 3779485 3457908 160860 89538 1363474 1405273 273820762 121657196 153368116 152163566 37460352 47430097 123487892 146272039 0 0 0 0 5917631 6071111 367472521 377574943 7446482 5599445 0 0 6380431 6000117 74460387 75175984 0 0 0 0 0 0 0 0 26277010 23011663 114564310 109787209 X 71654343 78594234 93318397 98873000 87935471 90320500 252908211 267787734 367472521 377574943 X -2754908 13579516 4054915 X false true X true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false false false true 85718 85718 false OTHER LOBBYING ACTIVITIES SCHEDULE C, PART II-B, LINE 1I WINNING STRATEGIES WASHINGTON WORKS ON BEHALF OF DREW UNIVERSITY TO ADVOCATE AND ADVANCE FUNDING AND POLICY FIXES FROM THEIR INCEPTION TO CONCLUSION THROUGH THE LEGISLATIVE, APPROPRIATIONS AND REGULATORY PROCESSES. SPECIFICALLY, IT HAS A STRONG UNDERSTANDING OF WHAT STRATEGIES WORK BEST IN GAINING THE INTEREST AND SUPPORT OF MEMBERS OF CONGRESS, ESPECIALLY WITH REGARD TO WORKING EFFECTIVELY WITH MEMBERS OF THE NEW JERSEY DELEGATION ON BEHALF OF THE UNIVERSITY. IN ADDITION, THE UNIVERSITY IS A MEMBER OF AND PAYS ANNUAL DUES TO THE FOLLOWING CONSORTIUM GROUPS: THE ASSOCIATION OF INDEPENDENT COLLEGES AND UNIVERSITIES IN NEW JERSEY (AICUNJ) AND THE NATIONAL ASSOCIATION OF INDEPENDENT COLLEGES AND UNIVERSITIES (NAICU). THE UNIVERSITIES WORK TOGETHER WITH THESE GROUPS TO MAKE AN IMPACT ON COMMON IDEAS/GOALS, ESPECIALLY WITH GOVERNMENT. EACH YEAR, THE GROUPS LOBBY FOR AN INCREASE OR AT LEAST A STABILIZATION OF GOVERNMENT FUNDS FOR STUDENT AID AND OTHER ISSUES IN WHICH DREW UNIVERSITY IS VERY INTERESTED. THE UNIVERSITY'S GOAL IS TO SECURE AS MUCH FUNDING AS POSSIBLE TO ASSIST IN THE MISSION. 175774000 1074000 21595000 11115000 187328000 193928000 891000 -7559000 11486000 175774000 169483000 4353000 32741000 12649000 193928000 160633000 713000 21829000 13692000 169483000 221297000 1967000 -48518000 14113000 160633000 0.24346 0.38190 0.37464 false false 11784990 11784990 222726806 103406950 119319856 23255980 10797218 12458762 16052986 7453028 8599958 152163566 ALTERNATIVE INVESTMENTS 121560571 F PARTIES 15842099 F POOLED INCOME FUNDS 6459334 F BOND PROCEEDS HELD BY TRUSTEES 2410035 F 146272039 0 STUDENT SECURITY DEPOSITS 1404512 ANNUITY LIABILITY 1545245 ASSET RETIREMENT OBLIGATIONS 4082067 POSTRETIREMENT BENEFITS 12144800 FEDERAL STUDENT LOAN FUNDS 2010933 OBLIGATIONS UNDER CAPITAL LEASES 1824106 23011663 X INTENDED USES OF ENDOWMENT FUNDS SCHEDULE D, PART V, LINE 4 THE INTENDED USE OF DREW UNIVERSITY ENDOWMENT FUNDS IS PRINCIPALLY TO ACCOMPLISH THE FOLLOWING: ENDOWMENT FUNDS ARE TO BE HELD IN PERPETUITY AND TO PROVIDE FOR THE GENERATION OF INVESTMENT INCOME THROUGH STRATEGIC INVESTING AS APPROVED BY THE BOARD OF TRUSTEES INVESTMENT COMMITTEE. THIS INVESTMENT INCOME IS USED TO PROVIDE SUPPORT OF THE UNIVERSITY'S EDUCATION MISSION STATEMENT AS DESCRIBED ON PAGE TWO, PART III OF FORM 990, COMMENSURATE WITH THE DONOR AND BOARD SPECIFIC INSTRUCTIONS ON HOW THE FUNDS ARE TO BE USED. FIN 48 SCHEDULE D, PART X, line 2 DREW UNIVERSITY AND ITS WHOLLY OWNED SUBSIDIARY, UHP, ARE EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. CBCA IS EXEMPT UNDER THE NEW JERSEY NONPROFIT CORPORATION ACT, TITLE 15A OF THE NEW JERSEY STATUSES ANNOTATED. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN REFLECTED IN THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS. THERE ARE CERTAIN TRANSACTIONS THAT COULD BE DEEMED UNRELATED BUSINESS INCOME AND WOULD RESULT IN A TAX LIABILITY. MANAGEMENT REVIEWS TRANSACTIONS TO ESTIMATE POTENTIAL TAX LIABILITIES USING A THRESHOLD OF MORE LIKELY THAN NOT. IT IS MANAGEMENT'S ESTIMATION THAT THERE ARE NO MATERIAL TAX LIABILITIES THAT NEED TO BE RECORDED. true true true true true true true false false false false false false false false true false true RACIAL NONDISCRIMINATORY POLICY SCHEDULE E, QUESTION 3 THE UNIVERSITY HAS PUBLICIZED ITS NON-DISCRIMINATORY POLICY THOUGH RECRUITING MATERIALS SENT TO STUDENTS. THE UNIVERSITY'S AFFIRMATIVE ACTION/EEO POLICY IS AS FOLLOWS: DREW UNIVERSITY IS COMMITTED TO SEEKING ACADEMIC EXCELLENCE WHILE STRIVING CONTINUOUSLY TO BE A WELCOMING, DIVERSE, AND SOCIALLY JUST CAMPUS. WE ASPIRE TO PROVIDE AN EDUCATION THAT IN CONTENT SCOPE AND PEDAGOGY EMBRACES DIFFERENCE AND PROMOTES RESPECT THAT EXTENDS BEYOND THE CLASSROOM TO ALL UNIVERSITY SPACES AND TO LOCAL AND GLOBAL COMMUNITIES. DIVERSITY ENCOMPASSES MULTIPLE DIMENSIONS, INCLUDING, BUT NOT LIMITED TO, RACE, CULTURE, NATIONALITY, ETHNICITY, GEOGRAPHIC ORIGIN, CLASS, SEXUAL ORIENTATION, GENDER, DISABILITIES, AGE AND RELIGION. OUR INTENT IS TO ACHIEVE A LEARNING ENVIRONMENT IN WHICH STUDENTS, FACULTY, AND STAFF UNDERSTAND THE CHALLENGES, ACCOMPLISHMENTS, AND PERSPECTIVES OF VARIOUS GROUPS OF PEOPLE, THUS GAINING A FULLER UNDERSTANDING OF THEMSELVES AS WELL AS HOW TO ENGAGE IN CONVERSATION SPANNING DIFFERENCES AND COMMONALITIES. ACHIEVING THIS VISION IS A FUNDAMENTAL COMMITMENT CRITICAL TO DREW UNIVERSITY'S MISSION AS AN INSTITUTION OF HIGHER LEARNING. GOVERNMENT ASSISTANCE SCHEDULE E, QUESTION 6 THE UNIVERSITY RECEIVED FUNDS FROM THE FEDERAL GOVERNMENT AND STATE OF NEW JERSEY IN THE FORM OF FEDERAL PELL GRANTS, FEDERAL WORK STUDY PROGRAMS, AND FEDERAL DIRECT LOAN PROGRAMS (ALL OF WHICH FALL UNDER STUDENT ASSISTANCE.) ADDITIONALLY, THE UNIVERSITY RECEIVED FUNDS FROM VARIOUS RESEARCH AND DEVELOPMENT FUNDS SUCH AS NATIONAL SCIENCE FOUNDATION, NATIONAL AERONAUTICS AND SPACE ADMINISTRATION AND DEPARTMENT OF HEALTH AND HUMAN SERVICES. Central America and the Caribbean 0 0 Investments 58874378 0 0 0 0 58874378 58874378 true false true true true true Golf Event 100858 43150 57708 315 2607 31397 24989 3438 Library Dinner 58525 6375 52150 619 1176 8907 187 4856 0 159383 49525 109858 315 3226 32573 33896 187 8294 78491 31367 true SCHOLARSHIP & FINANCIAL AID 1925 32565230 ENDOWED SCHOLARSHIPS 200 3661565 MICKEL SCHOLARSHIP 1 1000 GRAYBEAL SCHOLARSHIP 6 3200 MONITORING THE USE OF GRANTS SCHEDULE I, PART I, LINE 2 FOR THE PERIOD JULY 1, 2012 THROUGH JUNE 30, 2013, DREW UNIVERSITY GRANTED FUNDS TO STUDENTS IN THE FORM OF SCHOLARSHIPS, FELLOWSHIPS, STUDENT LOANS AS WELL AS OTHER FINANCIAL AID. FINANCIAL AID IS GRANTED TO STUDENTS BASED ON ELIGIBILITY GUIDELINES AS DEFINED BY THE FEDERAL DEPARTMENT OF EDUCATION AS WELL AS THE STATE OF NEW JERSEY. IF A STUDENT IS NOT ELIGIBLE TO RECEIVE FEDERAL OR STATE BASED FINANCIAL AID, THE AID WILL NOT BE APPLIED TO THE STUDENT'S ACCOUNT. IN ADDITION, DREW UNIVERSITY GRANTS FUNDS TO STUDENTS IN THE FORM OF INSTITUTIONAL AID BASED ON MERIT AND NEED CRITERIA. X true true X X true true false false false false false false false KENNETH ALEXO 137349 1188 10186 19491 168214 DR VIVIAN A BULL 123368 30000 9967 3690 167025 ALAN CANDIOTTI 145002 2991 12015 11763 171771 JASON FEIN 134398 12873 10758 18030 176059 PAMELA GUNTER-SMITH 187567 1299 15381 61554 265801 MARGARET HOWARD 210248 17331 16820 4332 248731 KAH - JIN KUAN 120851 26842 12774 48849 209316 JOSEPH KELLY 168130 747 13294 25557 207728 JONATHAN LEVIN 163097 1064 14424 78174 256759 FRANK MALTINO 125224 10360 21614 157198 ROBERT READY 152506 1970 11598 12189 178263 SARAH WALDRON 133127 10878 7900 151905 ROBERT WEISBUCH 168593 0 0 969841 0 14000 0 16948 0 1169382 0 200000 0 UNIVERSITY HOUSING AND AUTOMOBILE ALLOWANCES FORM 990, SCHEDULE J, PART I, QUESTION 1 HOUSING ALLOWANCE AS PART OF THE FOLLOWING EMPLOYEES CONDITION OF EMPLOYMENT, WHERE THE DUTIES AND RESPONSIBILITIES OF THESE EMPLOYEES REQUIRE THEIR SERVICES ON A TWENTY FOUR HOUR BASIS THROUGHOUT THE YEAR, THE UNIVERSITY PROVIDES CAMPUS HOUSING TO THEM TO ACCOMPLISH THEIR REQUIRED AND CONTINUOUS DUTIES AND RESPONSIBILITIES ON CAMPUS. THE FOLLOWING EMPLOYEES ARE PROVIDED CAMPUS HOUSING AS A CONDITION OF THEIR EMPLOYMENT AND THEREFORE NOT INCLUDED IN TAXABLE INCOME: *PAMELA GUNTER-SMITH *JONATHAN LEVIN THE FOLLOWING EMPLOYEES ARE PROVIDED CAMPUS HOUSING BUT IS NOT A CONDITION OF THEIR EMPLOYMENT THEREFORE IT IS INCLUDED IN TAXABLE INCOME: *KAH-JIN JUAN *MICHAEL GROENER *JASON FEIN AUTOMOBILE ALLOWANCE THE AUTOMOBILE ALLOWANCE FOR THE FOLLOWING EMPLOYEES IS PART OF THEIR COMPENSATION AGREEMENT AND IS REFLECTED IN AS PART OF TAXABLE INCOME AND INCLUDED AS TAXABLE INCOME ON THEIR FORM W-2, BOX 1,3 AND 5: *ROBERT WEISBUCH *MARGARET HOWARD *VIVIAN BULL *KAH-JIN JUAN *MARK KOPENSKI SEVERANCE COMPENSATION FORM 990, SCHEDULE J, PART I, LINE 4A ROBERT WEISBUCH, UNIVERSITY PRESIDENT THROUGH 06/30/2012, RECEIVED SEVERANCE COMPENSATION TOTALING $700,000. SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN FORM 990, SCHEDULE J, PART I, LINE 4B ROBERT WEISBUCH, UNIVERSITY PRESIDENT THROUGH 06/30/2012, RECEIVED A DISTRIBUTION FROM A 457(F) PLAN TOTALING $258,093. THIS AMOUNT IS REPORTED IN SCHEDULE J, PART II, COLUMN B(III). A NJ EDU FAC AUTH DREW 2003 SERIES C 221829511 64605LDZ8 2003-05-29 22872229 CAPITAL IMPROVEMENTS true false false B NJ EDU FAC AUTH DREW 2007 SERIES D 221829511 646065CW0 2007-04-12 30557236 ADVANCE REFUDING AND NEW MONEY true false false C NJ EDU FAC AUTH DREW 2008 SERIES B 221829511 646065CE0 2008-04-04 11353764 CURRENT REFUNDING false false false D NJ EDU FAC AUTH DREW 2008 SERIES I 221829511 2011-06-27 12000000 CAPITAL IMPROVEMENTS false false false A 3490000 2390000 23666739 1646459 843950 0 660981 269853 71738 21180000 0 0 2006 false false true true B 1000000 1265000 32316540 488786 1454477 0 789514 353000 0 27435648 4858329 683932 false true true true C 3130000 0 11467918 0 0 0 227730 85000 0 0 11240188 497691 1998 true false true true D 923108 0 12000000 0 0 0 46000 0 0 15426000 0 0 false false true true A false false true true false 0 true false 0.00000 false true B false false true true false 0 true false 0.00000 false true C false false false false 0 true false 0.00000 false true D false false true true false 0 true false 0.00000 false true A true false false 0 false 0 true true B false false false true false false 0 false 0 true true C false false false true false false 0 false 0 false true D false false false true true false 0 false 0 false true A true B true C true D true SCHEDULE K, PART II, COLUMN C, LINE 12 0 OTHER UNSPENT PROCEEDS: BOND ISSUE B - $497,691 IS SHOWN FOR THE 2008 B BONDS, BUT RELATES TO BOTH 2007 AND 2008. THE ACTUAL ALLOCATION BETWEEN THE 2 ISSUES IS UNDETERMINED AT THIS POINT. SCHEDULE K, PART IV, LINE 2C 0 ARBITRAGE REBATE CALCULATION AN ARBITRAGE REBATE CACULATION WAS COMPLETED DURING FISCAL YEAR 2013 FOR THE FOLLOWING BOND ISSUES: 2007 SERIES D, 2008 SERIES B, 2008 SERIES I, 2006 SERIES A, AND 2010 SERIES C1, C2, C3 A NJEFA CAPITAL IMPROV BONDS 2006 A 221829511 65605LZ43 2006-10-26 215447 ADVANCE REFUNDING false false false B NJ EDU FAC AUTH DREW 2010 C1 C2 C3 221829511 2010-11-15 15580000 ADVANCE REFUNDING AND NEW MONEY false false false A 47994 0 125447 0 0 637347 1771 1765 0 0 0 0 2002 false false true true B 0 0 16286213 0 0 1282726 164624 0 0 707000 1601978 0 false true false true A false false true true false 0 true false 0.00000 false true B false false true true false 0 true false 0.00000 false true A false false false true false false 0 false 0 false true B false false false true true false 0 false 0 false true A true B true MELISSA FUEST SEE SCH L, PART V 17301 EMPLOYEE COMPENSATION false INTERESTED PERSONS FORM 990, SCHEDULE L, PART IV FREDERICK FUEST IS A UNIVERSITY TRUSTEE AND HIS DAUGHTER WAS A UNIVERSITY EMPLOYEE. X 27 495305 FMV X VARIOUS 12 138757 FMV 1 false true false NUMBER OF CONTRIBUTORS FORM 990, SCH M, PART I, COLUMN (B) THE AMOUNT IN COLUMN (B) REPRESENTS THE NUMBER OF CONTRIBUTORS. GIFT ACCEPTANCE POLICY FORM 990, SCH M, PART I, LINE 31 DREW UNIVERSITY HAS A GIFT ACCEPTANCE POLICY IN PLACE. THE POLICY REQUIRES THE REVIEW OF ANY NON-STANDARD CONTRIBUTIONS. ORGANIZATION MISSION FORM 990, PART III, QUESTION 1 EXCELLENCE IN LIBERAL EDUCATION AT DREW REQUIRES SCHOLARLY, CREATIVE FACULTY WHO TEACH EFFECTIVELY AND INTELLECTUALLY PREPARED STUDENTS WHO WANT TO LEARN. THIS EXCELLENCE EMPHASIZES THE INTERRELATEDNESS OF LEARNING IN UNDERGRADUATE, GRADUATE AND THEOLOGICAL SCHOOLS AND PROMOTES INTELLECTUAL RIGOR AND RESPONSIBLE CITIZENSHIP, WHILE PREPARING INDIVIDUALS FOR SIGNIFICANT CONTRIBUTIONS TO SOCIETY. DREW UNIVERSITY ENDEAVORS TO CREATE A DISTINCTIVE ENVIRONMENT FOR LIBERAL EDUCATION. CHARACTERISTICS OF THIS ENVIRONMENT ARE AN ETHOS OF CURIOSITY AND ACHIEVEMENT WITHIN AN INTENTIONALLY INTIMATE COMMUNITY OF LEARNING WHICH EMPHASIZES CLOSE STUDENT-FACULTY RELATIONSHIPS AND COLLEGIALITY. THIS ETHOS INCLUDES RESPECT FOR INDIVIDUALITY AND APPRECIATION OF DIVERSITY. DREW UNIVERSITY PLACES SPECIAL ATTENTION ON THE ONGOING EVALUATION AND IMPROVEMENT OF TEACHING AND LEARNING, THE USES OF TECHNOLOGY, AND THE GLOBAL CONTEXT OF KNOWLEDGE. EXEMPT PURPOSE ACHIEVEMENTS FORM 990, PART III, QUESTION 4B DREW NURTURES CHRISTIAN PRACTICES THROUGH VITAL PARTNERSHIP WITH LOCAL CHURCHES AND INTERNATIONAL NETWORKS OF EDUCATION. TRANS-DISCIPLINARY INTERPRETATION OF TEXT, TRADITION, AND EXPERIENCE ENERGIZES ITS SCHOLARLY VIGOR. DREW ENGENDERS THEOLOGIES RESPONSIBLE TO THE COMPLEX REALITIES OF AN INTERCONNECTED WORLD. INTO THAT WORLD DREW SENDS PASTORS, PREACHERS AND PROPHETS, DEACONS, ACTIVISTS, AND TEACHERS. EXEMPT PURPOSE ACHIEVEMENTS FORM 990, PART III, QUESTION 4C THIS MISSION CONTINUES TO DISTINGUISH THE CASPERSEN SCHOOL AMONG INSTITUTIONS WITH DOCTORAL PROGRAMS IN THE HUMANITIES. OUR INTENT IS TO TRAIN PERSONS WHO ARE PROPERLY PREPARED NOT ONLY IN SPECIFIC RECOGNIZED FIELDS BUT ALSO IN INTERDISCIPLINARY DIALOGUE. WE CELEBRATE THE JOY OF LEARNING AS WE PREPARE ABLE, WELL INFORMED GRADUATES WHO PURSUE CAREERS IN HIGHER EDUCATION, IN THE RELIGIOUS AND MEDICAL COMMUNITIES, AND IN THE BROADER INTELLECTUAL WORLD. AS SUCH, WE ARE WELL POSITIONED TO MEET THE INCREASING CALL FOR INTERDISCIPLINARY APPROACHES BOTH IN THE ACADEMY AND IN THE WIDER WORLD. INTEGRAL TO OUR MISSION IS ENCOURAGING OUR FACULTY AND STUDENTS ALIKE TO PURSUE CREATIVE RESEARCH IN THE HUMANITIES AND TO MAKE THE RESULTS OF THEIR WORK AVAILABLE THROUGH TEACHING, PARTICIPATION IN SCHOLARLY MEETINGS, VARIOUS FORMS OF PUBLICATION AND INTELLECTUAL DISCOURSE. TO THAT END WE CONTINUE TO EXPLORE NEW POSSIBILITIES OF ENHANCING INTERDISCIPLINARY STUDIES IN THE HUMANITIES. EXEMPT PURPOSE ACHIEVEMENTS FORM 990, PART III, QUESTION 4D AMOUNTS LISTED ON LINE 4D REPRESENT EXPENSES AND REVENUES RELATED TO OTHER PROGRAMS WHICH FURTHER THE ORGANIZATION'S EXEMPT PURPOSE. OTHER PROGRAM EXPENSES REFLECT EDUCATIONAL PROGRAM EXPENSES NOT DIRECTLY RELATED TO ONE OF THE OF THE SCHOOLS DESCRIBED ABOVE. IT INCLUDES AN ALLOCATED METHOD OF PROGRAM, AUXILIARY, AND STUDENT SERVICE EXPENSES. OTHER PROGRAM ACTIVITIES ALSO INCLUDE EXPENSES AND REVENUES FROM THE UNIVERSITY'S CONTINUING EDUCATION AND SUMMER PROGRAMS. DONOR ACKNOWLEDGEMENT FORM 990, PART V, QUESTION 7B DREW UNIVERSITY NOTIFIES THE DONOR OF THE BREAKOUT BETWEEN ANY GOODS AND SERVICES RECEIVED AND THEIR DONATION AMOUNT. IF NO GOODS AND SERVICE WERE RECEIVED, WE THEN NOTIFY THE DONOR OF THAT TOO. 990 REVIEW POLICY FORM 990, PART VI, QUESTION 11B ALL MEMBERS OF THE BOARD OF TRUSTEES WERE PROVIDED WITH A COPY OF FORM 990 VIA THE TRUSTEE WEB-SITE PRIOR TO ITS FILING WITH THE IRS. CONFLICT OF INTEREST POLICY FORM 990, PART VI, QUESTION 12C ALL DECISIONS OF THE BOARD OF TRUSTEES, OFFICERS AND EMPLOYEES OF DREW UNIVERSITY ARE TO BE MADE SOLELY ON THE BASIS OF A DESIRE TO PROMOTE THE BEST INTERESTS OF THE UNIVERSITY. IT IS THEREFORE THE POLICY OF THE BOARD AND THE UNIVERSITY: 1. THAT ALL ACTIVITIES OR BEHAVIOR WHICH CONFLICT WITH THE BEST INTERESTS OF THE UNIVERSITY ARE PROHIBITED. THIS COULD INCLUDE BUT WOULD NOT BE LIMITED TO: A) USE OF UNIVERSITY RESOURCES. FOR A UNIVERSITY TRUSTEE, OFFICER OR EMPLOYEE TO MAKE IMPROPER USE OF ANY UNIVERSITY RESOURCES, INCLUDING THE SERVICES OF UNIVERSITY EMPLOYEES, FOR HIS OR HER OWN PERSONAL BENEFIT. B) COMPLIANCE WITH RULES. FOR A UNIVERSITY TRUSTEE, OFFICER, OR EMPLOYEE TO FAIL TO COMPLY WITH THE UNIVERSITY'S DULY ESTABLISHED RULES, REGULATIONS OR STANDARDS OF PERSONAL BEHAVIOR. C) DISCLOSURE OF CONFIDENTIAL INFORMATION. FOR A UNIVERSITY TRUSTEE, OFFICER, OR EMPLOYEE, WITHOUT PROPER AUTHORITY, TO GIVE OR RELEASE TO ANYONE NOT AUTHORIZED TO RECEIVE SUCH INFORMATION, ANY DATA OF A CONFIDENTIAL NATURE SECURED THROUGH HIS OR HER RELATIONSHIP TO THE UNIVERSITY. D) ACCEPTANCE OF GIFTS. FOR A UNIVERSITY TRUSTEE, OFFICER OR EMPLOYEE, OR ANY DEPENDENT MEMBER OF HIS OR HER IMMEDIATE FAMILY TO ACCEPT FROM ANY ORGANIZATION OR PERSON THAT THEY KNOW TO BE DOING OR SEEKING TO DO BUSINESS WITH THE UNIVERSITY, A LOAN OR A GIFT OR FAVOR OF MORE THAN NOMINAL VALUE. THIS PARAGRAPH SHALL NOT BE DEEMED TO PROHIBIT LOANS MADE IN THE NORMAL COURSE OF BUSINESS WITH THE TERMS STANDARD FOR SUCH LOANS FROM BANKS OR FINANCIAL INSTITUTIONS THAT MAY HAVE OR EXPECT TO HAVE RELATIONS WITH THE UNIVERSITY. E) COMPETITION WITH THE UNIVERSITY. FOR A UNIVERSITY TRUSTEE OR OFFICER, DIRECTLY OR THROUGH A CORPORATION IN WHICH HE OR SHE HAS A SUBSTANTIAL INTEREST, TO ENGAGE IN FOR REMUNERATION ANY OTHER ACTIVITY WHICH IS IN DIRECT COMPETITION WITH THE UNIVERSITY, EXCEPT WITH THE KNOWLEDGE AND WRITTEN CONSENT OF THE PRESIDENT OR THE PRESIDENT'S DESIGNEE. IF THE ACTIVITY IS THAT OF THE PRESIDENT SUCH CONSENT MUST BE GIVEN BY THE CHAIR OF THE BOARD. 2. THAT, IN THE EVENT THAT THE BOARD OR A UNIVERSITY OFFICER SHALL BE CALLED UPON TO CONSIDER A TRANSACTION INVOLVING THE UNIVERSITY AND (I) A MEMBER OF THE BOARD OR ANY OFFICER OF THE UNIVERSITY (OR A MEMBER OF HIS OR HER IMMEDIATE FAMILY), OR (II) AN ORGANIZATION WITH WHICH A MEMBER OF THE BOARD OR ANY OFFICER OF THE UNIVERSITY IS "AFFILIATED," SUCH TRUSTEE OR OFFICER, AS SOON AS HE OR SHE HAS KNOWLEDGE OF THE TRANSACTION, SHALL: (A) DISCLOSE FULLY THE PRECISE NATURE OF HIS OR HER INTEREST OR INVOLVEMENT IN SUCH TRANSACTION AND/OR SUCH ORGANIZATION; AND (B) REFRAIN FROM PARTICIPATION IN THE UNIVERSITY'S CONSIDERATION OF THE PROPOSED TRANSACTION. FOR THE PURPOSES OF THIS CONFLICT-OF-INTEREST POLICY, A TRUSTEE OR OFFICER IS "AFFILIATED" WITH ANY ORGANIZATION OF WHICH HE OR SHE (OR A MEMBER OF HIS OR HER IMMEDIATE FAMILY) IS AN EMPLOYEE, GENERAL PARTNER, MEMBER OF THE BOARD OF DIRECTORS, TRUSTEE, OR IN WHICH HE OR SHE (OR A MEMBER OF HIS OR HER IMMEDIATE FAMILY) OWNS 10% OR MORE OF THE OUTSTANDING STOCK. 3. THAT THE FOLLOWING PERSONS DISCLOSE TO THE UNIVERSITY ON A CONTINUING BASIS ALL THEIR RELATIONSHIPS AND BUSINESS AFFILIATIONS THAT REASONABLY COULD GIVE RISE TO A CONFLICT OF INTEREST, OR THE APPEARANCE OF A CONFLICT OF INTEREST, INVOLVING THE UNIVERSITY: THE TRUSTEES (INCLUDING THE PRESIDENT); THE VICE PRESIDENTS OF THE UNIVERSITY; THE DEANS; AND SUCH OTHER OFFICERS AS THE PRESIDENT SHALL DESIGNATE AS BEING OFFICERS FROM WHOM, BECAUSE OF THEIR RESPECTIVE DUTIES AND RESPONSIBILITIES, THE UNIVERSITY SHOULD RECEIVE A CONTINUING DISCLOSURE OF SUCH OUTSIDE RELATIONSHIPS AND BUSINESS AFFILIATIONS. ALL DISCLOSURES REQUIRED TO BE MADE HEREUNDER MUST BE DIRECTED IN WRITING TO THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES WHICH SHALL HAVE, WITH THE ASSISTANCE OF THE VICE PRESIDENT OF ADMINISTRATION AND OF THE VICE PRESIDENT FOR FINANCE AND BUSINESS AFFAIRS, THE RESPONSIBILITY FOR MONITORING OF THIS POLICY, INCLUDING THE ADMINISTRATION AND ENFORCEMENT THEREOF. THE EXECUTIVE COMMITTEE SHALL BE ADVISED IMMEDIATELY OF ANY DISPUTES OR OTHER ISSUES ARISING OUT OF THE APPLICATION OF THIS POLICY SO THAT IT CAN DETERMINE WHAT, IF ANY, ACTION IS APPROPRIATE. VICE PRESIDENT FOR FINANCE AND BUSINESS AFFAIRS, HAS THE RESPONSIBILITY FOR MONITORING OF THIS POLICY, INCLUDING THE ADMINISTRATION AND ENFORCEMENT THEREOF. THE EXECUTIVE COMMITTEE SHALL BE ADVISED IMMEDIATELY OF ANY DISPUTES OR OTHER ISSUES ARISING OUT OF THE APPLICATION OF THIS POLICY SO THAT IT CAN DETERMINE WHAT, IF ANY, ACTION IS APPROPRIATE. OFFICER COMPENSATION REVIEW FORM 990, PART VI, QUESTION 15A & 15B COMPENSATION FOR THE OFFICERS, EXECUTIVE DIRECTOR AND KEY EMPLOYEES IS DETERMINED BY THE DREW BOARD OF DIRECTORS ON THE RECOMMENDATION OF THE COMPENSATION COMMITTEE. NO INDIVIDUALS WITH A CONFLICT OF INTEREST MAY BE INVOLVED IN THE COMPENSATION DETERMINATION PROCESS. COMPARABILITY DATA FOR SIMILARITY QUALIFIED PERSONS IN FUNCTIONALLY COMPARABLE POSITIONS AT SIMILARITY SITUATED ORGANIZATIONS IS PREPARED BY THE ORGANIZATION AND REVIEWED BY THE BOARD OF DIRECTORS. THE MINUTES OF THE BOARD OF DIRECTORS AND THE COMPENSATION COMMITTEE DOCUMENT THE BOARD'S AND COMMITTEE'S DELIBERATIONS AND DECISIONS REGARDING COMPENSATION. THE MOST RECENT COMPENSATION REVIEW TOOK PLACE IN MAY 2011, AND A COMPENSATION REVIEW IS SCHEDULED FOR MAY 2014. THE BENCHMARK DATA IS DERIVED FROM A CUSTOM REPORT PROVIDED BY THE COLLEGE AND UNIVERSITY PERSONNEL ASSOCIATION (CUPA). THE UNIVERSITY MAINTAINS A LIST OF ABOUT 50 INSTITUTIONS THAT ARE SIMILAR TO DREW IN SIZE, SCOPE AND MISSION. MEAN AND MEDIAN SALARIES FOR POSITIONS THAT ARE COMPARABLE TO OUR CABINET ARE DERIVED FROM THE DATA PROVIDED BY CUPA AND ADJUSTED BY A COST OF LIVING FACTOR TO DETERMINE THE BENCHMARK. THE BENCHMARK IS USED BY THE COMMITTEE TO DETERMINE THE APPROPRIATENESS OF SALARIES, SALARY INCREASES AND SALARIES OF NEW EXECUTIVE HIRES. DOCUMENT REVIEW POLICY FORM 990, PART VI, QUESTION 19 DREW UNIVERSITY MAKES ITS GOVERNING DOCUMENTS AVAILABLE TO THE PUBLIC IN THE FOLLOWING MANNER: 1. GOVERNING DOCUMENTS SUCH AS THE CONFLICT OF INTEREST POLICY, UNIVERSITY CHARTER, UNIVERSITY MISSION STATEMENT, WHISTLE BLOWER POLICY, TRAVEL AND ENTERTAINMENT, PURCHASING, SIGNATURE AUTHORITY ARE MADE AVAILABLE TO THE PUBLIC THROUGH THE UNIVERSITY WEB-SITE. THE WEB-SITE IS AVAILABLE ON DEMAND TO THE PUBLIC AT WWW.DREW.EDU. 2. THE UNIVERSITY TAX FILING FORM 990 IS AVAILABLE AT WWW.GUIDESTAR.ORG AND AVAILABLE UPON REQUEST. 3. THE UNIVERSITY FINANCIAL STATEMENTS ARE ALSO AVAILABLE ON THE WEB-SITE AND AVAILABLE UPON DEMAND BY THE PUBLIC. 4. ANY CHANGES THAT ARE MADE TO THE GOVERNING DOCUMENTS ONCE RATIFIED, ARE UPDATED TO THE UNIVERSITY WEB-SITE INSTANTLY, THEREBY MAKING THE WEB-SITE AN UP TO DATE AND LIVE ENVIRONMENT FOR THE UNIVERSITY'S DOCUMENTS. OFFICER COMPENSATION FORM 990, PART VII DR. VIVIAN BULL BEGAN WORKING AS THE UNIVERSITY'S INTERIM PRESIDENT IN JULY 2012. OTHER CHANGES IN NET ASSETS FORM 990, PART XI, LINE 9 CHANGE IN FAIR VALUE OF TRUSTS, POOLED INCOME FUNDS AND GIFT ANNUITIES...................................... 2,073,019 PENSION - RELATED CHARGES OTHER THAN NET PERIODIC PENSION COST................................................ 1,964,062 PRIOR PERIOD ADJUSTMENT.................................. 17,834 ----------- TOTAL 4,054,915 University Housing Project Corporation 36 Madison Ave Madison NJ 07940 222970182 DVLPM HOUSING NJ 501(C)(3) 11a Drew Univer true Copper Beech Condominium Association CBC 36 Madison Ave Madison NJ 07940 223094649 Real estate NJ UNIV HSNG PRJCT Condo Assoc. 97594 176615 0.57810 true Charitable Remainder Trust (2) TRUST NJ NA TRUST true false false true false false false false false false false false false false false true false false UNIVERSITY HOUSING PROJECT CORPORATION A 190879 COST COPPER BEACH CONDOMINIUM ASSOCIATION D 124926 COST UNIVERSITY HOUSING PROJECT CORPORATION Q 139575 COST COPPER BEECH CONDOMINIUM ASSOCIATION Q 186116 COST