2014-04-10T12:11:58-05:00 2013-05-31 232932984 PARENTEBEARD LLC 46 PUBLIC SQUARE SUITE 400 WILKESBARRE PA 18701 990 2012-06-01 240795506 WILKES UNIVERSITY WILK 5704084500 84 WEST SOUTH STREET WILKES BARRE PA 18766 LOREN D PRESCOTT JR 5704084500 2014-04-07 1 JULIUS GREEN CPA P00350393 5708200100 2014-04-07 2012 2015-11-30 17:44:51Z PRESIDENT PATRICK LEAHY 84 WEST SOUTH ST WILKES BARRE PA 18766 142318690 0 X WWW.WILKES.EDU X 1933 PA TO EDUCATE THROUGH A COMMITMENT TO ATTENTION, EXCEPTIONAL TEACHING AND ACADEMIC EXCELLENCE. 31 29 1734 336 0 0 7387183 9488943 94703788 98909834 2208194 2859039 1862026 2192144 106161191 113449960 26354471 28672127 0 0 44832133 44912659 130800 45600 1260246 30202524 29408687 101519928 103039073 4641263 10410887 169047074 189461510 88152779 94658530 80894295 94802980 X PLEASE SEE SCHEDULE O FOR DETAIL.TO CONTINUE THE WILKES TRADITION OF LIBERALLY EDUCATING OUR STUDENTS FOR LIFELONG LEARNING AND SUCCESS IN A CONSTANTLY EVOLVING AND MULTICULTURAL WORLD THROUGH A COMMITMENT TO INDIVIDUALIZED ATTENTION, EXCEPTIONAL TEACHING, SCHOLARSHIP AND ACADEMIC EXCELLENCE, WHILE CONTINUNING THE UNIVERSITY'S COMMITMENT TO COMMUNITY ENGAGEMENT. 0 0 31380148 89298480 INSTRUCTION INCLUDES ALL EXPENDITURES FOR ACTIVITIES THAT ARE PART OF THE INSTITUION'S INSTRUCTIONAL PROGRAMS. THIS INCLUDES CREDIT AND NON-CREDIT COURSES, ACADEMIC, VOCATIONAL, AND TECHNICAL INSTRUCTION. THE UNIVERSITY OFFERS 37 UNDERGRADUATE MAJORS, 13 GRADUATE PROGRAMS AND SEVERAL PRE-PROFESSIONAL PROGRAMS. ENROLLMENT INCLUDES 2,181 FULL-TIME UNDERGRADUATE STUDENTS FROM OVER 17 STATES AND 11 FOREIGN COUNTIRES. CLASS SIZES ARE KEPT SMALL TO ENABLE GREATER ACCESS TO PROFESSORS AND MORE INDIVIUALIZED ATTENTION IN THE CLASSROOM. UNDERGRADUATE FRESHMAN CLASS SIZES AVERAGE 24 STUDENTS WITH 20 STUDENTS FOR UPPER LEVEL CLASSES. WILKES IS DEDICATED TO BEING A LEADER IN HIGHER EDUCATION THROUGHOUT THE NORTHEASTERN UNITED STATES AND IS DEDICATED TO ACADEMIC EXCELLENCE THROUGH MENTORING. 30726990 28672127 SCHOLARSHIP- INCLUDES EXPENDITURES FOR GENERAL, NEED BASED, AND ENDOWMENT SCHOLARSHIPS AND FELLOWSHIPS FROM RESTRICTED OR UNRESTRICTED CURRENT FUNDS IN THE FORM OF GRANTS TO STUDENTS, RESULTING FROM SELECTION BY DIVISION OF ENROLLMENT MANAGEMENT. AT LEAST 90% OF STUDENTS RECEIVED SOME SORT OF FINANCIAL AID. GRANTS AWARDED INCLUDE PENNSYLVANIA STATE GRANTS (PHEAA) AND WILKES NEED BASED GRANTS. ALSO INCLUDED IS TUITION REMISSION FOR OTHER LOCAL COLLEGES AND PROGRAMS. 9714981 9611354 STUDENT SERVICES INCLUDES FUNDS EXPENDED FOR ACTIVITIES WITH THE PRIMARY PURPOSE OF CONTRIBUTING TO THE STUDENT'S EMOTIONAL AND PHYSICAL WELL-BEING AND INTELLECTUAL, CULTURAL, AND SOCIAL DEVELOPMENT OUTSIDE THE CONTEXT OF THE FORMAL INSTRUCTION PROGRAM. WILKES CLASSIFIES THE FOLLOWING OFFICES INTO THIS PROGRAM: OFFICES OF ENROLLMENT SERVICES (ADMISSIONS), REGISTRAR, FINANCIAL AID ADMINISTRATION, CAREER SERVICES, AND HEALTH AND WELLNESS SERVICES. IN ADDITION, EXPENDITURES FOR STUDENT ACTIVITIES, CULTURAL EVENTS, INTRAMURAL AND INTERCOLLEGIATE ATHLETICS, FRESHMAN ORIENTATION, AND STUDENT CLUBS AND ORGANIZATIONS ARE CONSIDERED STUDENT SERVICES FOR FINANCIAL STATEMENT PURPOSES. 9183754 ACADEMIC SUPPORT INCLUDES FUNDS EXPENDED TO PROVIDE SUPPORT SERVICES FOR THE INSTITUTION'S PRIMARY MISSION OF INSTRUCTION, RESEARCH, AND PUBLIC SERVICE. THE ACADEMIC ADMINISTRATION OF THE UNIVERSITY INCLUDING THE ACADEMIC DEANS BUT NOT DEPARTMENT CHAIRS THAT ARE CHARGED TO THEIR PRIMARY FUNCTION CATEGORY ARE FOUND IN THIS PROGRAM. ALL SALARIES, BENEFITS, AND OTHER EXPENSES FOR THE LIBRARY ARE ALSO CONSIDERED ACADEMIC SUPPORT. 1102276 RESEARCH INCLUDES ALL EXPENDITURES FOR ACTIVITIES SPECIFICALLY ORGANIZED TO PRODUCE RESEARCH, WHETHER COMMISSIONED BY AN AGENCY EXTERNAL TO THE INSTITUTION OR SEPARATELY BUDGETED WITHIN THE UNIVERSITY. CHARGED TO THIS PROGRAM ARE EXPENDITURES RELATED TO THE INSTITUTE FOR PUBLIC POLICY AND ECONOMIC DEVELOPMENT, A PARTNERSHIP AMONG SEVERAL LOCAL COLLEGES WITH THE FUNCTION OF PRODUCING RESEARCH TO ASSIST COMMUNITY LEADERS IN MAKING INFORMED DECISIONS. IN ADDITION TO THIS, THE EXPENSES OF SEVERAL RESEARCH GRANTS ARE RECORDED TO THE RESEARCH CLASSIFICATION. 989494 PUBLIC SERVICE INCLUDES FUNDS EXPENDED FOR ACTIVITIES ESTABLISHED PRIMARILY TO PROVIDE NON-INSTRUCTIONAL SERVICES BENEFICIAL TO INDIVIDUALS AND GROUPS EXTERNAL TO THE UNIVERSITY. THE EXPENSES OF THE SMALL BUSINESS DEVELOPMENT CENTER, RADIO AND TELEVISION STUDIOS AND SEVERAL COMMUNITY LECTURE SERIES ARE AMONG THOSE POSTED TO THIS PROGRAM. 11275524 83097643 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 1 1 0 1 1 1 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 1 0 0 0 1 7291 0 1 1734 1 0 0 0 0 0 1 1 0 0 0 0 X 31 29 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 PA X JANET KOBYLSKI 5704084501 84 WEST SOUTH STREET WILKES BARRE PA 18766 REVEREND MICHAEL BREWSTER 1.00 X 0 0 0 LAURA CARDINALE 3.00 X 0 0 0 TERRY CASEY 2.00 X 0 0 0 DENISE S CESARE 2.00 X 0 0 0 CHARLES F COHEN 3.00 X 0 0 0 JEFF DAVIDOWITZ 6.00 X 0 0 0 JASON GRIGGS 7.00 X 0 0 0 CHRIS HACKETT 3.00 X 0 0 0 DAVID HADLEY 3.00 X 0 0 0 WILLIAM HANBURY 3.00 X 0 0 0 JOHN KERR 3.00 X 0 0 0 CAROL KEUP 1.00 X 0 0 0 MILAN S KIRBY 3.00 X 0 0 0 DANIEL KLEM JR 4.00 X 0 0 0 DOROTHY DARLING MANGELSDORF 1.00 X 0 0 0 MELANIE MASLOW LUMIA 2.00 X 0 0 0 GEORGE MATZ 3.00 X 0 0 0 WILLIAM R MILLER 3.00 X 0 0 0 GERALD A MOFFATT 7.00 X 0 0 0 GEORGE PAWLUSH 6.00 X 0 0 0 THOMAS RALSTON 3.00 X 0 0 0 HEDY RITTENMEYER 7.00 X 0 0 0 STEVEN ROTH 3.00 X 0 0 0 JAY S SIDHU 3.00 X 0 0 0 VIRGINIA SIKES 6.00 X 0 0 0 ELIZABETH SLAUGHTER 3.00 X 0 0 0 MATTHEW SORDONI 4.00 X 0 0 0 JOHN R MILLER 12.00 X X 0 0 0 DANIEL CARDELL 10.00 X X 0 0 0 MICHAEL I GOTTDENKER 6.00 X X 0 0 0 MICHAEL J MAHONEY 9.00 X X 0 0 0 PATRICK LEAHY AS OF 7-1-12 75.00 X 197100 0 24941 LOREN PRESCOTT 60.00 X 185998 0 36608 PAUL ADAMS 50.00 X 128119 0 20554 MICHAEL WOOD 50.00 X 128119 0 45620 MELANIE WADE 50.00 X 123565 0 13853 TERESE WIGNOT AS OF 8-3-12 60.00 X 112295 0 14862 BERNARD GRAHAM 50.00 X 174379 0 24500 MICHAEL SPEZIALE 50.00 X 162812 0 24355 DALE BRUNS 50.00 X 151692 0 21423 MARY KROPIEWNICKI 50.00 X 147121 0 12163 RODNEY RIDLEY 50.00 X 142905 0 19914 JEFFREY ALVES 50.00 X 153713 0 21919 JAMAL GHORIESHI 50.00 X 136594 0 18365 TERI OOMS 50.00 X 141098 0 12642 JOSEPH GILMOUR 75.00 X 250599 0 79847 C REYNOLD VERRET 60.00 X 155609 0 31636 2491718 0 423202 63 1 1 0 SODEXO INC & AFFILIATES 9801 WASHINGTONIAN BLVD GAITHERSBURG MD 20878 FOOD SERVICE 3064681 ELLUCIAN COMPANY LP 62590 COLLECTIONS CENTER DRIVE CHICAGO IL 60693 COMPUTER MGMT SERVICES 2661821 LEARNING SCIENCES INTERNATIONAL 175 CORNELL ROAD BLAIRSVILLE PA 15717 GRADUATE COURSE PROVIDER 791790 SORDONI CONSTRUCTION COMPANY 45 OWEN STREET FORTY FORT PA 18704 CONSTRUCTION MANAGEMENT 695953 DISCOVERY EDUCATION INC 1 DISCOVERY PLACE SILVER SPRING MD 20910 GRADUATE COURSE PROVIDER 405601 16 18050 3507154 5963739 28915 9488943 TUITION AND FEES 900099 89298480 89298480 AUXILIARY ACTIVITIES- SALES AND S 900099 9611354 9611354 98909834 1222023 1222023 35548 35548 117000 117000 59376 38286 21090 21090 21090 30417906 28796789 19649 1621117 -19649 1601468 1601468 23477 18050 14006 9471 9471 ENDOWMENT DRAWDOWNS 900099 1440800 1440800 TEAM PROGRAM REVENUE 900099 113310 113310 MISCELLANEOUS INCOME 900099 89665 89665 400808 400808 2044583 113449960 98909834 0 5051183 28672127 28672127 1877108 597023 1280085 34212254 27959717 5611415 641122 2189769 1797531 350818 41420 4045494 3773544 218463 53487 2588034 2098333 441887 47814 122311 12570 109741 206608 206608 45600 45600 223209 5303 217906 5569162 4178003 1326812 64347 1093107 327117 765990 3198297 1424715 1674974 98608 3295249 2007301 1287293 655 2664812 1861751 803061 1150450 1047113 62611 40726 217344 201397 15199 748 2639503 1435829 1203674 4151728 2258445 1893283 385563 385563 ENTERTAINMENT 1054894 817117 209618 28159 PRINTING AND PUBLICATIO 954005 587333 313322 53350 BAD DEBTS 857961 760337 97624 EQUIPMENT MAINTENANCE 553951 133329 418167 2455 1070533 756145 270257 44131 103039073 83097643 18681184 1260246 0 19647549 25386031 4673622 4070821 1875194 1638089 378609 443679 176269507 79171387 72487873 97098120 50217417 39472821 15124316 16817203 3123778 2968823 1518716 1565923 169047074 189461510 7488807 10701105 0 0 1356936 835004 69653236 73199581 24056 6137 9629744 9916703 88152779 94658530 X 40768677 48625141 15614545 20605526 24511073 25572313 80894295 94802980 169047074 189461510 X 10410887 2443632 1054166 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1446000 X 0 0 35737685 238664 6193223 1440800 193913 40534859 38292348 229858 -1283157 1317000 184364 35737685 32667073 551885 6619932 1363000 183542 38292348 29448828 906589 4155073 1675095 168322 32667073 38843902 964402 -8661856 1530321 167299 29448828 0.26580 0.45730 0.27690 0 0 5261356 5261356 131043402 46812399 84231003 26136638 24030160 2106478 13828111 8328828 5499283 97098120 BENEFICIAL INTEREST IN TRUSTS (BY OTHERS) 7026201 F ALTERNATIVE INVESTMENTS 6115752 F FUNDS HELD IN TRUST FOR OTHERS 3665418 F REAL ESTATE INVESTMENT TRUST 9832 F 16817203 DEPOSITS HELD IN CUSTODY 96810 LIABILITY UNDER SPLIT INTEREST 385532 INVESTMENTS HELD IN TRUST FOR OTHERS 3665418 ADVANCES FROM FEDERAL GOVERNMENT 3455636 UNAMORTIZED BOND PREMIUM 1223471 POSTRETIREMENT BENEFITS 1089836 9916703 X 88132326 2443632 5000 52292 2500924 85631402 200597 27617961 27818558 113449960 74223641 5000 52292 57292 74166349 200597 28672127 28872724 103039073 PART III, LINE 4: A COLLECTION OF ART WORK IS MAINTAINED BY THE UNIVERSITY PURELY FOR PUBLIC DISPLAY BOTH IN THE ART GALLERY AND ON CAMPUS. THEY ARE NOT HELD FOR SALE. DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE INTENDED USE OF THE UNIVERSITY'S ENDOWMENT FUNDS IS TO FUND SCHOLARSHIPS AS WELL AS DEPARTMENTAL CHAIRS AND TO SUPPORT OPERATING EXPENSES. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: THE UNIVERSITY IS INCORPORATED IN THE COMMONWEALTH OF PENNSYLVANIA AS A NONPROFIT ORGANIZATION. THE UNIVERSITY HAS RECEIVED A DETERMINATION FROM THE INTERNAL REVENUE SERVICE THAT IT IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE UNIVERSITY AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF THE UNIVERSITY HAS TAKEN AN UNCERTAIN TAX POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UNDER EXAMINATION BY THE IRS. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE UNIVERSITY, AND HAS CONCLUDED THAT AS OF MAY 31, 2013, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE UNIVERSITY IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS, HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIOD IN PROGRESS. PART XI, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENTS 14,006. RENTALS EXPENSES 38,286. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIP AID 28,229,649. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS -611,688. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENTS 14,006. RENTAL EXPENSES 38,286. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIP AID 28,229,649. STUDENT LOANS DISBURSED 442,478. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION SCHEDULE E, PART I, LINE 3 ALL PUBLICATIONS IN THE AREAS OF RECRUITMENT PUBLICIZE THE UNIVERSITY'S NON-DISCRIMINATORY POLICY. EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE SCHEDULE E, PART I, LINE 6 THE ORGANIZATION RECEIVED ASSISTANCE THROUGH THE FOLLOWING: LOAN PROGRAMS (PERKINS AND NURSING), SEOG, COLLEGE WORK STUDY, IAG (INSTITUTIONAL ASSISTANCE GRANT), PELL GRANT, MISCELLANEOUS NEED-BASED PHEAA GRANTS, NATIONAL GUARD AWARDS, AND PRIVATE SCHOLARSHIPS (ROTC PROGRAM). 1 SOUTH ASIA 0 1 PROGRAM SERVICES RECRUITMENT AND EDUCATION 6783 EUROPE 0 0 PROGRAM SERVICES RECRUITMENT AND EDUCATION 2000 EAST ASIA AND THE PACIFIC 0 1 PROGRAM SERVICES RECRUITMENT AND EDUCATION 6719 NORTH AMERICA 0 1 PROGRAM SERVICES RECRUITMENT AND EDUCATION 2034 EUROPE 0 0 INVESTMENTS - ALTERNATIVE INVESTMENTS 571135 CENTRAL AMERICA/ CARIBBEAN 0 0 INVESTMENTS - ALTERNATIVE INVESTMENTS 3330061 NORTH AMERICA 0 0 INVESTMENTS - ALTERNATIVE INVESTMENTS 77905 SUB-SAHARAN AFRICA 0 0 INVESTMENTS - ALTERNATIVE INVESTMENTS 32165 EAST ASIA AND THE PACIFIC 0 0 INVESTMENTS - ALTERNATIVE INVESTMENTS 34303 CENTRAL AMERICA/ CARIBBEAN 0 0 PROGRAM SERVICES RECRUITMENT AND EDUCATION 5415 SOUTH AMERICA 0 0 PROGRAM SERVICES RECRUITMENT AND EDUCATION 21895 SUB SAHARAN 0 0 PROGRAM SERVICES RECRUITMENT AND EDUCATION 6721 SOUTH ASIA 0 0 PROGRAM SERVICES FOREIGN STUDY (PUNJABI 1+1 PROGRAM EXPENDITURES) 1033 SOUTH ASIA 0 1 PROGRAM SERVICES RECRUTING STUDENTS 5000 EAST ASIA AND THE PACIFIC 0 1 PROGRAM SERVICES RECRUTING STUDENTS 6250 MIDDLE EAST AND NORTH AFRICA 0 1 PROGRAM SERVICES RECRUTING STUDENTS 36875 0 3 0 3 0 6 4028802 117492 4146294 1 0 1 1 0 0 PROCEDURE FOR MONITORING GRANTS OUTSIDE THE U.S.: SCHEDULE F, PART I, LINE 2: THE AWARDING OF FUNDS FOLLOWS THE GUIDELINES OF THE FINANCIAL AID PROCESS. X X X X X X X 1 JEROLD PANAS LINZY & PARTNERS 500 NORTH MICHIGAN AVENUE CHICAGO IL 60611 CONSULTING STRATEGY 0 0 45600 0 45600 CHWALEK GOLF TOURNAMENT 16400 6525 9875 498 3109 2965 1872 ALTERNATIVE SPRING BREAK TRIP 25127 11525 13602 536 5026 41527 18050 23477 498 3109 3501 6898 14006 9471 EXPLANATION OF FUNDRAISING PAYMENTS SCHEDULE G, PART I, LINE 2B, COLUMN (V) THE FIRM OF JEROLD, PANAS, LINZY & PARTNERS PROVIDED ON SITE COUNSEL FOR A $20 MILLION CAPITAL CAMPAIGN AS WELL AS DEVELOPED STRATEGY FOR THE CAMPAIGN INCLUDING VOLUNTEER ORGANIZATION, PROSPECT ASSESSMENT, AND SOLICITATION SCHEDULES AND TIMELINES. THEIR SERVICES ENDED IN NOVEMBER OF 2012. 1 NAMED SCHOLARSHIPS 273 1121063 NEED BASED GRANTS AND SCHOLARSHIPS 1358 8429935 OTHER SCHOLARSHIPS 1740 16198520 REMISSIONS - UPWARD BOUND ETC 781 2480131 STUDENT LOANS DISBURSED 337 442478 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: WILKES UNIVERSITY MAINTAINS A COMPREHENSIVE PROGRAM OF FINANCIAL AID TO ASSIST STUDENTS IN THE FINANCING OF THEIR EDUCATIONS PROGRAMS. THE UNIVERSITY AWARDS BOTH MERIT SCHOLARSHIPS AND NEED-BASED GRANTS TO UNDERGRADUATE STUDENTS. MERIT AWARDS ARE BASED ON HIGH SCHOOL ACHIEVEMENT INCLUDING SAT SCORES AND HIGH SCHOOL CLASS RANK. STUDENTS MUST COMPLETE THE FREE APPLICATION FOR FEDERAL STUDENT AID TO HAVE THEIR ELIGIBILITY FOR NEED-BASED AID DETERMINED. X X X X 1 1 X X X 0 0 0 0 0 0 0 0 0 PATRICK LEAHY AS OF 7-1-12 146100 0 0 0 51000 0 12750 0 12191 0 222041 0 0 0 LOREN PRESCOTT 183485 0 500 0 2013 0 18487 0 18121 0 222606 0 0 0 MICHAEL WOOD 127040 0 500 0 579 0 13143 0 32477 0 173739 0 0 0 BERNARD GRAHAM 173879 0 500 0 0 0 17571 0 6929 0 198879 0 0 0 MICHAEL SPEZIALE 161091 0 500 0 1221 0 15572 0 8783 0 187167 0 0 0 DALE BRUNS 151192 0 500 0 0 0 14601 0 6822 0 173115 0 0 0 MARY KROPIEWNICKI 146609 0 500 0 12 0 6221 0 5942 0 159284 0 0 0 RODNEY RIDLEY 142390 0 500 0 15 0 12658 0 7256 0 162819 0 0 0 JEFFREY ALVES 138800 0 500 0 14413 0 14601 0 7318 0 175632 0 0 0 JAMAL GHORIESHI 136094 0 500 0 0 0 10791 0 7574 0 154959 0 0 0 TERI OOMS 124410 0 15500 0 1188 0 12258 0 384 0 153740 0 0 0 JOSEPH GILMOUR 250586 0 0 0 13 0 24998 0 54849 0 330446 0 0 0 C REYNOLD VERRET 122353 0 0 0 33256 0 12851 0 18785 0 187245 0 0 0 PART I, LINE 1A HOUSING ALLOWANCE - HOUSING WAS PROVIDED FOR THE UNIVERSITY PRESIDENT, VP OF FINANCE, AND THE UNIVERSITY'S PROVOST AS WELL AS THEIR FAMILIES. THIS INCLUDED PAYMENT OF ALL UTILITIES AND INSURANCE ON THE RESIDENCES. NO PART OF THE HOUSING ALLOWANCE WAS TREATED AS TAXABLE COMPENSATION. THE UNIVERSITY MAINTAINED WRITTEN LEASES THAT DOCUMENT THE USE OF UNIVERSITY HOUSING BY EMPLOYEES. AS OF CALENDAR YEAR END, WILKES WAS NOT PROVIDING ANY EMPLOYER HOUSING FOR THOSE LISTED IN SCHEDULE J. HOUSING HAD BEEN PROVIDED UNTIL THEIR DEPARTURE IN JULY 2012 FROM THE UNIVERSITY FOR BOTH PRESIDENT JOSEPH GILMOUR AND C. REYNOLD VERRET. LOREN PRESCOTT CHOSE TO MOVE OFF CAMPUS IN OCTOBER 2012. THEREFORE, HOUSING EXPENSES INCLUDED IN THE SCHEDULE J FIGURES WERE ONLY FOR THE MONTHS RESIDED IN UNIVERSITY HOUSING. HEALTH OR SOCIAL CLUB DUES - ALL UNIVERSITY EMPLOYEES WERE OFFERED A MEMBERSHIP AT THE LOCAL YMCA. IN ADDITION, CERTAIN MEMBERS OF THE PRESIDENT'S CABINET BELONGED TO A LOCAL SOCIAL CLUB WHICH REQURIED DUES OF $108 PER MONTH. THE HEALTH OR SOCIAL CLUB DUES WERE NOT TREATED AS TAXABLE COMPENSATION. CLEANING SERVICES - CLEANING SERVICES WERE PROVIDED AT THE PRESIDENT'S RESIDENCE BY A UNIVERSITY CUSTODIAN. THE CLEANING SERVICES WERE NOT TREATED AS TAXABLE COMPENSATION. TRAVEL FOR COMPANIONS - TRAVEL FOR COMPANIONS WAS FOR THE PRESIDENT'S SPOUSE. NO PART OF THE TRAVEL FOR COMPANIONS WAS TREATED AS TAXABLE COMPENSATION. THE BOARD'S CONTRACTUAL AGREEMENT WITH THE PRESIDENT AUTHORIZED REIMBURSEMENT FOR TRAVEL FOR THE SPOUSE WHEN HER PRESENCE IS DEEMED BY THE PRESIDENT TO BE IN FURTHERANCE OF THE MISSION OF THE UNIVERSITY. THE UNIVERSITY KEPT RECEIPTS TO DOCUMENT TRAVEL. A CITY OF WILKES BARRE FINANCE AUTHORITY SERIES 2007 968254AC6 2007-05-30 54134142 REFUNDING BONDS AND PREPAYING 0 0 0 B NORTHEASTERN PA HOSPITAL & EDUCATION AUTHOR SERIES A 237394107 664556BD8 2012-05-09 16956391 FINANCE NEW FACILITY 0 0 0 C NORTHEASTERN PA HOSPITAL & EDUCATION AUTHOR SERIES B 237394107 2012-04-13 15000000 FINANCE NEW FACILITY 0 0 0 A 54134142 2127750 51254416 738963 13013 2007 1 1 1 1 B 16956391 1657500 284230 15014661 2013 0 0 0 1 C 15000000 139234 7999897 6860869 2013 0 0 0 1 A 1 1 1 1 0 0.00110 0.02470 0.02580 0 0 1 B 0 0 0 0 0 0 1 C 0 0 0 0 0 0 1 A 0 0 0 1 1 0 0 0 0 B 0 0 0 1 0 0 0 0 0 C 0 0 0 1 1 0 0 0 0 A 1 B 1 C 1 SCHEDULE K, PART III, LINE 1 MEMBER OF AN LLC WILKES UNIVERSITY IS THE SOLE MEMBER OF WU REAL ESTATE, LLC, WHICH IS A DISREGARDED ENTITY OF THE UNIVERSITY. WU REAL ESTATE LLC'S OWNERSHIP OF BOND FINANCED FACILITIES IS THEREFORE TREATED AS OWNERSHIP BY A 501(C)(3) ENTITY. SCHEDULE K, PART III, LINE 4 PRIVATE BUSINESS USE BY OTHER THAN 501(C)(3) ORGANIZATION THE PERCENTAGE SHOWN ON PART III, LINE 4 REPRESENTS RENT RECEIVED FROM A HOLDOVER BUSINESS TENANT OF A BUILDING PURCHASED BY THE UNIVERSITY AND IS CALCULATED ON THE BASIS OF ONE BUILDING WHICH WAS FINANCED BY APPROXIMATELY 19.63% OF THE PROCEEDS OF THE BOND ISSUE. AS OF SEPTEMBER 2012, THIS BUSINESS TENANT HAD TERMINATED THEIR LEASE. SCHEDULE K, PART III, LINE 5 PRIVATE BUSINESS USE AS A RESULT OF UNRELATED TRADE OF BUSINESS ACTIVITY THE PERCENTAGE SHOWN ON PART III, LINE 5 REPRESENTS RENT RECEIVED FROM ELDERLY HOLDOVER TENANTS OF A BUILDING PURCHASED BY THE UNIVERSITY TO PROVIDE STUDENT HOUSING. THESE NON-STUDENT TENANTS ARE PERMITTED TO STAY IN THE BUILDING UNTIL THE TENANT DECIDES TO TERMINATE THE LEASE. THE PERCENTAGE IS CALCULATED ON THE BASIS OF ONE BUILDING WHICH WAS FINANCED BY APPROXIMATELY 19.63% OF THE PROCEEDS OF THE BOND ISSUE, AND OVER THE TERMS OF THE BONDS. AS THESE NON-STUDENT LEASES ARE TERMINATED, THE UNIVERSITY EXPECTS THAT THE UNRELATED USE WILL DROP TO 0% AND REPRESENT A VERY SMALL PORTION OF THE USE OF THE BUILDING. SCHEDULE K, PART III, LINE 6 TOTAL PRIVATE BUSINESS USE THIS PERCENTAGE REPRESENTS USE OF ONLY ONE BUILDING FINANCED WITH APPROXIMATELY 19.63% OF THE BOND PROCEEDS. THE USE AS MEASURED OVER THE ENTIRE BOND ISSUE IS LESS THAN 1% OF THE BOND PROCEEDS FOR THE ANNUAL PERIOD COVERED BY SCHEDULE K. SCHEDULE K, PART III, LINE 7 PRACTICES AND PROCEDURES FOR TAX EXEMPT BOND LIABILITIES ALTHOUGH WILKES HAS ADOPTED MANAGEMENT PRACTICES AND PROCEDURES TO ENSURE POST ISSUANCE COMPLIANCE OF ITS TAX EXEMPT BOND LIABILITIES, THESE PRACTICES AND PROCEDURES WERE NOT IN WRITING AT THE END OF WILKES' TAX YEAR. SCHEDULE K, PART IV, LINE 2C REBATE COMPUTATION PERFORMANCE DATE WITH RESPECT TO ISSUE A, THE REBATE COMPUTATION WAS PERFORMED ON 5/23/13. SCHEDULE K, PART IV, LINE 2C REBATE COMPUTATION PERFORMANCE DATE WITH RESPECT TO ISSUE B, THE REBATE COMPUTATION WAS PERFORMED ON 5/31/13. SCHEDULE K, PART IV, LINE 2C REBATE COMPUTATION PERFORMANCE DATE WITH RESPECT TO ISSUE C, THE REBATE COMPUTATION WAS PERFORMED ON 7/8/13. DENISE CESARE TRUSTEE, SEE BELOW 1185345 HEALTH INSURANCE PLAN 0 MATTHEW SORDONI TRUSTEE, SEE BELOW 855529 CONSTRUCTION SERVICES 0 SCHEDULE L, PART IV EXPLANATION OF RELATIONSHIPS BETWEEN INTERESTED PERSONS AND ORGANIZATION DENISE CESARE IS A MEMBER OF THE UNIVERSITY'S BOARD OF TRUSTEES AND IS ALSO THE PRESIDENT AND CEO OF BLUE CROSS OF NEPA.MATTHEW SORDONI IS A MEMBER OF THE UNIVERSITY'S BOARD OF TRUSTEES AND ALSO HAS A FAMILY RELATIONSHIP WITH THE OWNER OF SORDONI CONSTRUCTION SERVICES, INC.ALL CONTRACTS IN THE ABOVE RELATIONSHIPS ARE CONTRACTED AT ARM'S LENGTH THROUGH THE UNIVERSITY'S PROCUREMENT PROCESS WHICH INCLUDES A COMPETITIVE BID PROCESS AND THE PERSONS DISCLOSED ARE NOT PART OF THE DECISION MAKING PROCESS. X 2520 FAIR MARKET VALUE X AUD/VIS EQUIP 1 4900 APPRAISAL VALUE X ENGIN EQUIP 1 14375 APPRAISAL VALUE X FURNITURE 1 4125 APPRAISAL VALUE X OTHER 2 2995 FAIR MARKET VALUE 0 1 0 FORM 990, PART VI, SECTION B, LINE 11 WILKES UNIVERSITY HAS ESTABLISHED A REVIEW PROCESS FOR THE FORM 990. ONCE THE DRAFT FORM 990 RETURN IS RECEIVED, IT IS REVIEWED BY THE CONTROLLER'S OFFICE. AFTER THIS REVIEW, IT IS SENT TO THE VP OF FINANCE AND GENERAL COUNSEL. A FINAL REVIEW IS THEN DONE BY THE BOARD OF TRUSTEES BEFORE THE RETURN IS FILED. FORM 990, PART VI, SECTION B, LINE 12C WILKES UNIVERSITY'S CONFLICT OF INTEREST POLICY COVERS ALL BOARD MEMBERS AND ANY INDIVIDUAL THAT HAS BUDGETARY/FINANCIAL RESPONSIBILITIES WITHIN THE UNIVERSITY. ANY CONFLICTS OF INTEREST CONCERNING BOARD MEMBERS ARE FORWARDED TO THE AUDIT COMMITTEE FOR REVIEW AND APPROVAL. ALL CONFLICT OF INTEREST STATEMENTS ARE REVIEWED UPON SUBMISSION AND FORWARDED TO THE AUDIT COMMITTEE AS APPROPRIATE. ANY UNIVERSITY ACTIVITIES THAT HAVE A POTENTIAL CONFLICT ARE USUALLY DETECTED BEFORE A CONTRACT IS EXECUTED. FORM 990, PART VI, SECTION B, LINE 15 THE HUMAN RESOURCES COMMITTEE OF THE BOARD OF TRUSTEES PERFORMS AN ANNUAL REVIEW OF THE COMPENSATION PROVIDED TO THE UNIVERSITY'S PRESIDENT AND VICE PRESIDENTS. BENCHMARK DATA, INCLUDING DATA FROM COLLEGES AND UNIVERSITY PROFESSIONAL ASSOCIATION FOR HUMAN RESOURCES (CUPA) IS USED FOR COMPARITIVE PURPOSES FOR EXECUTIVE POSITIONS. THE LAST BENCHMARKING COMPARISON WAS COMPLETED IN AUGUST OF 2013. THE UNIVERSITY KEEPS WRITTEN DOCUMENTATION OF THE HUMAN RESOURCES COMMITTEE'S DELIBERATION AND DECISION MAKING PROCESS. FORM 990, PART VI, SECTION C, LINE 19 WILKES UNIVERSITY MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND AUDITED FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 9: STUDENT LOANS ADVANCED 442,478. CHANGE IN LIABILITY ON SPLIT INTEREST AGREEMENTS 611,688. AUDIT COMMITTEE REVIEW OF FINANCIAL STATEMENTS FORM 990, PART XII, LINE 2C THE PROCESS BY WHICH THE AUDIT COMMITTEE REVIEWS THE FINANCIAL STATEMENTS HAS NOT CHANGED FROM THE PRIOR YEAR. ADDITIONAL INFORMATION - PRESIDENT'S SABBATICAL FORM 990, SCHEDULE J, ADDITIONAL INFORMATION PRESIDENT JOSEPH GILMOUR HAD BEEN ON PAID SABBATICAL DURING THE PERIOD OF JUNE 2012 THROUGH JUNE 2013. 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