2014-05-14T08:21:17-05:00 2013-06-30 GRANT THORNTON LLP 2001 MARKET STREET SUITE 700 PHILADELPHIA PA 19103 990 2012-07-01 516000297 UNIVERSITY OF DELAWARE % AMY CONNELL-CONTROLLER UNIV 3028318964 220 Hullihen Hall Suite NEWARK DE 19716 Scott R Douglass 3028318964 2014-05-12 true Frank Giardini 2155614200 2012 2015-11-30 17:44:51Z PATRICK T HARKER 104A HULLIHEN HALL NEWARK DE 19716 2701538902 false X WWW.UDEL.EDU X 1833 DE INSTRUCTION, RESEARCH, AND PUBLIC SERVICE ARE THE MOST SIGNIFICANT ACTIVITIES. 32 31 13647 31 4458475 -704599 180105973 179760001 769748733 811996651 32168387 42476110 28274959 30159538 1010298052 1064392300 110209393 123032083 0 0 528076558 553657981 0 0 10460991 298248907 313270515 936534858 989960579 73763194 74431721 2777532648 3130734593 825642157 950109804 1951890491 2180624789 X MISSION STATEMENT: THE UNIVERSITY OF DELAWARE EXISTS TO CULTIVATE LEARNING, DEVELOP KNOWLEDGE, AND FOSTER THE FREE EXCHANGE OF IDEAS. STATE-ASSISTED YET PRIVATELY GOVERNED, THE UNIVERSITY HAS A STRONG TRADITION OF DISTINGUISHED SCHOLARSHIP, RESEARCH, TEACHING, AND SERVICE THAT IS GROUNDED IN A COMMITMENT TO INCREASING AND DISSEMINATING SCIENTIFIC, HUMANISTIC, AND SOCIAL KNOWLEDGE FOR THE BENEFIT OF THE LARGER SOCIETY. FOUNDED IN 1743 AND CHARTERED BY THE STATE IN 1833,THE UNIVERISTY OF DELAWARE TODAY IS A LAND-GRAND,SEA-GRANT, AND SPACE-GRANT UNIVERSITY. THE UNIVERSITY OF DELAWARE IS A MAJOR RESEARCH UNIVERSITY OFFERING A BROAD RANGE OF DEGREE PROGRAMS: 3 ASSOCIATE PROGRAMS, 147 BACHELOR'S PROGRAMS, 119 MASTER'S PROGRAMS, 54 DOCTORAL PROGRAMS, AND 15 DUAL GRADUATE PROGRAMS THROUGH OUR SEVEN COLLEGES AND IN COLLABORATION WITH MORE THAN 70 RESEARCH CENTERS. UNIVERSITY FACULTY ARE COMMITTED TO THE INTELLECTUAL, CULTURAL, AND ETHICAL DEVELOPMENT OF STUDENTS AS CITIZENS, SCHOLARS AND PROFES false false 487818885 121101932 488420684 INSTRUCTION AND DEPARTMENTAL RESEARCH - STUDENT ENROLLMENT DURING PERIOD WAS 21,900 140021115 172724667 SPONSORED RESEARCH 101370136 1930151 118724901 AUXILIARY ENTERPRISES 66008224 16466130 ACADEMIC SUPPORT 47996702 15660269 EXTENSION AND PUBLIC SERVICE 31546109 STUDENT SERVICES 145551035 32126399 874761171 true true false true false true false true true true true true false false true true false true true true true false false false true false false false true true true false false false false false false true true true true true true false false true true true true false false true 1915 0 true 13647 true true true true FR false true true false true true true 2 false false false X 32 31 true false false false false true false true true false false true true true true true true true true true false AK AZ CO HI KY MD MA MI NH OH OK OR SC WA X AMY CONNELL-CONTROLLER 3028312175 UNIVERSITY OF DE 220 HULLIHEN HALL NEWARK DE 19716 Tony Allen Sr 2.0 X Grace Bennett 2.0 X James Borel 4.0 X Thomas Burns 4.0 X Irwin G Burton III 2.0 X RRM Carpenter III 4.0 X Allison Castellanos 2.0 X William B Chandler III 2.0 X John Cochran 6.0 X Howard Cosgrove 4.0 X Robert A Fischer 4.0 X Michael S Geltzeiler 2.0 X Stuart M Grant 2.0 X T Henley Graves 2.0 X Terri Quinn Gray 2.0 X Scott A Green 2.0 X Terri Kelly 4.0 X Dennis E Klima 2.0 X Carey M Koppenhaver 6.0 X Jack A Markell 2.0 X Cynthia Primo Martin 2.0 X MICHAEL LYNCH 2.0 X Christopher H Schell 2.0 X A Gilchrist Sparks III 8.0 X Everett C Toomey 2.0 X H Wesley Towers Jr 2.0 X P Coleman Townsend Jr 4.0 X Sherman L Townsend 4.0 X John E Wallace 2.0 X Kenneth Whitney 2.0 X Mary Jane Willis 6.0 X Patrick T Harker 55.0 X X 747507 0 103571 Nancy Brickhouse 55.0 X 195060 0 48715 Jennifer W Davis 55.0 X 285834 0 59937 Scott R Douglass 55.0 X 423436 0 64111 Jeffrey Garland 55.0 X 90820 0 14357 Michael Gilbert 55.0 X 242301 0 63707 Carl W Jacobson 55.0 X 245990 0 51859 Robin W Morgan 55.0 X 242829 0 44438 Monica Marie Taylor 55.0 X 326871 0 51483 David Brond 55.0 X 251131 0 41278 David WILLIAM Singleton 55.0 X 222506 0 61253 Lawrence White 55.0 X 279543 0 54247 Patricia Ann Plummer Wilson 55.0 X 224586 0 39176 Deborah Hayes 55.0 X 0 0 0 Kathleen Sharon Matt 55.0 X 279524 0 47769 Babatunde a Ogunnaike 55.0 X 298934 0 49337 Nancy M Targett 55.0 X 246771 0 46182 George H Watson 55.0 X 305343 0 41450 Bruce Weber 55.0 X 247933 0 48447 Charles Riordan 55.0 X 257863 0 39857 Mark a Barteau 55.0 X 328359 0 64353 Bernard MONTGOMERY Muir 55.0 X 354429 0 39475 Ann Ardis 55.0 X 233661 0 36509 Mark Stalnecker 55.0 X 312989 0 53773 Lynn Okagaki 55.0 X 239940 0 56944 Lee Anderson 55.0 X 371924 0 59629 Edgar Johnson 55.0 X 456642 0 59093 Daniel Rich 55.0 X 356916 0 76966 Donald Lewis Sparks 55.0 X 358927 0 48204 Richard Zipser 55.0 X 371414 0 64810 Thomas Mark Apple 55.0 X 222960 0 26684 Michael Chajes 55.0 X 272746 0 51832 Pierre d Hayward 55.0 X 273986 0 26406 9569675 0 1635852 895 true true false WHITING-TURNER CONTRACTING COMPANY 131 Continental Drive suite 404 NEWARK DE 19713 construction sitewrk 51937304 Skanska USA Building Inc 1633 Littleton Road PARSIPPANY NJ 07054 general contractor 35354411 Aramark 1101 Market Street PHILADELPHIA PA 19107 Dining Serv Mgr 28777990 Bancroft Construction 1300 Grant Avenue WILMINGTON DE 19806 General Contractor 15058215 Nason Construction Inc 2000 Foulk Road WILMINGTON DE 19810 general contractor 3777013 212 93430 15663039 129451818 34551714 8483954 179760001 TUITION AND FEES 900099 488420684 488420684 EDUCATIONAL ACTIVITIES 900099 16466130 15857130 609000 ROOM, BOARD AND OTHER AUXILIARY SERVICES 900004 118724901 114639289 4085612 RESEARCH CONTRACTS/ OTHER EXCHANGES 900004 172724667 172724667 OTHER PROGRAM REVENUE SOURCES 900004 15660269 15475267 185002 811996651 13581337 -714178 14295515 0 639469 639469 0 0 0 1665969919 1637075146 28894773 28894773 184915 28709858 55628 93430 71456 -15828 -15828 0 0 INTRA UNIVERSITY REVENUE 900099 24974998 24974998 INCOME FROM AFFILIATE 721110 4453158 4345034 108124 PLANT INVENTORY ADJUSTMENT 900099 42066 42066 65675 65675 29535897 1064392300 836544810 4458475 43629014 0 123032083 123032083 0 0 8812409 3952449 4477799 382161 422272 422272 396662039 355018134 36284301 5359604 38311375 33285921 4419466 605988 85296694 73727421 10182463 1386810 24153192 20955506 2811006 386680 0 2224017 48244 2175773 317200 85806 231394 72792 72792 0 2042876 2042876 67435682 63147286 3731925 556471 1322270 1185326 112269 24675 46480176 37582609 7565662 1331905 28902129 13105935 15663044 133150 365844 342856 22988 58333237 55966595 2351447 15195 24064353 23256182 606055 202116 0 3544620 2677350 811079 56191 17425162 17387705 37457 0 54865023 47415370 7449653 2010391 1251114 739232 20045 LOSS ON DISPOSALS 1187440 915007 272433 ENDOWMENT & COMMISSIONS FEES 1852564 1852564 PAY ANNUITIES 200882 200882 OTHER EXPENSES 623857 623857 989960579 874761171 104738417 10460991 X 56592 56469 103697496 188112633 66091045 59475873 11449913 13909432 0 0 0 0 0 0 1150287 599817 1615979 1468213 2148885501 827254019 1195829975 1321631482 823666100 948861178 556805790 580754529 14123050 13286325 3046421 2578642 0 0 2777532648 3130734593 416093044 391940124 14994747 15093988 7218224 7803379 350742364 486022342 0 0 0 0 9808373 21012223 0 0 26785405 28237748 825642157 950109804 X 1086775479 1250135389 533670785 587305755 331444227 343183645 1951890491 2180624789 2777532648 3130734593 X 74431721 115915100 38387477 X false true X true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false true false true false false true 104123 false true 39074 143197 false SCHEDULE C, PART II-B, LINES 1B, 1D, & 1G University personnel meeting with members of Congress and their staff in Washington DC to discuss research projects and other matters affecting higher education. Meetings and discussions with State representatives concerning appropriations and other matters affecting higher education. A PORTION OF THE UNIVERSITY'S DIRECTOR OF STATE GOVERNMENTAL RELATIONS (25%), THE GOVERNMENT RELATIONS ASSISTANT (25%) AND THE UNIVERSITY'S DIRECTOR OF FEDERAL GOVERNMENTAL RELATIONS (41%) ARE ASSOCIATED WITH LOBBYING ACTIVITIES. Other Activities SCHEDULE C, PART II-B, LINE 1i THE UNIVERSITY OF DELAWARE IS A MEMBER OF VARIOUS HIGHER EDUCATION TRADE ASSOCIATIONS, IN WHICH A PORTION OF ITS MEMBERSHIP DUES ARE ASSOCIATED WITH LOBBYING ACTIVITIES. 1 0 0 0 34385 0 true true 224697 8756456 X X X X false true -9488 118224176 117400931 813757 false 1029661185 8783304 127932332 6271302 40286075 9306000 1110513444 1077637848 12871062 -6664194 5743019 38859512 9581000 1029661185 927530379 4906552 198284273 5378147 38524209 9181000 1077637848 859958677 6195841 115847859 5556918 40682080 8233000 927530379 1131736776 6463696 -215928929 6902533 47256333 8154000 859958677 0.27738 0.25162 0.47100 false false 101490861 101490861 1415788745 504606850 911181895 15235212 4512448 10722764 443254884 318134721 125120163 173115799 173115799 1321631482 LIMITED PARTNERSHIPS 515334019 F FUNDS HELD IN TRUST BY OTHERS 60652805 F MORTGAGES 3415593 F REAL ESTATE 850000 F INSURANCE 502112 F 580754529 0 STUDENT DEPOSITS 1140111 ASSET RETIREMENT OBLIGATION 22111918 ANNUITY & LIFE INCOME FUNDS PA 4985719 28237748 X 1069488235 115915100 38387477 154302577 915185658 2042877 147163765 149206642 1064392300 840753937 840753937 2042877 147163765 149206642 989960579 PART III, LINE 4 The University Museums seek to enhance the educational and scholarly mission of the University of Delaware through the exhibition, online presentation, study, preservation and growth of its unique collections in 20th and 21st century American art (with particular strengths in the Brandywine School, African American art, and photography), minerals and pre-Columbian ceramics. The University Museums enrich cultural life beyond the campus through presentation of the work of recognized artists, and through outreach programs to selected audiences, including K-12 students, educators and historically black colleges and universities. The University Museums achieve this through public exhibitions open free of charge to the University community and the general public; through making collections accessible to individual students, classes, and scholars; and through offering public programs on facets of the collection free of charge to the University community and the general public. PART IV CHANGE IN PART IV ESCROW & CUSTODIAL ARRANGEMENTS AGENCY ACCOUNTS ($ 77,253) EXTERNAL FINANCIAL AID 820,395 STUDENT GROUPS 80,103 ---------- 823,245 The University is regularly requested to act as fiscal agent for funds that belong to a related third party. Normally a current or expected mutual benefit to both the third party and the University beyond just the fiscal agent relationship prompts such a request. Such requests may range from large organizations seeking an on-going relationship with the University to one-time requests for a depository for funds for a departmental retirement event. When this fiscal agency request is granted, a University (agency) account is set up in the University accounting system. Agency accounts with deposits on hand from third party organizations are liabilities of the University while such accounts in deficit constitute receivables due to the University. PART V, LINE 4 The University's Endowment Fund's purpose is to provide in perpetuity financial support of the University's educational goals. The intended uses of the endowment funds is to provide educational and general support such as scholarships, prizes and awards, facilities and educational program support, and general operational support. PART X, Line 2 The University has been recognized by the Internal Revenue Service (IRS) as exempt from Federal income tax under Section 501 (c) 3 of the U.S. Internal Revenue Code, except for taxes on income from activities unrelated to its exempt purpose. Accordingly, no provision for income taxes has been made in the accompanying consolidated financial statements. U.S. GAAP requires management to evaluate tax positions taken by the University and recognize a tax liability (or asset) if the Univeristy has taken an uncertain tax position that more than likely than not would not be sustained upon examination by the IRS. Management has analyzed the tax positions taken by the Univeristy and has concluded that as of June 30, 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 consolidated financial statements. The University is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress. PART XI, LINE 2d Change in the unrecognized net gain of the accumulated benefit of the post retirement benefit obligation: $38,387,477 PART XI, Line 4b Items inclued on Form 990, Part IX but not on Line 1 Reclassification of Expense: $ 2,750,095 Intra-University Revenue: $ 24,974,997 Tuition Scholarships: $119,438,673 ----------- Total Part XI, Line 4B $147,163,765 Part XII, Line 4b Items inclued on Form 990, Part VIII but not on Line 1 Intra- University Revenue: $ 24,974,998 Tuition Scholarships: $119,438,673 Reclassification of Expenses: $ 2,750,095 ------------ Total for Part XII, Line 4b $147,163,765 true true true true true true true false false false false false false false false true false true SCHEDULE E, LINE 3 THE UNIVERSITY OF DELAWARE IS COMMITTED TO ASSURING EQUAL OPPORTUNITY FOR ALL PERSONS AND DOES NOT DISCRIMINATE ON THE BASIS OF RACE, COLOR, GENDER, RELIGION, ANCESTRY, NATIONAL ORIGIN, SEXUAL ORIENTATION, VETERAN STATUS, AGE, DISABILITY or any other unlawful or prohibited basis IN ITS EDUCATIONAL PROGRAMS, ACTIVITIES, ADMISSIONS, OR EMPLOYMENT PRACTICES. THIS STATEMENT IS INCLUDED ON A VARIETY OF UNIVERSITY FORMS AND PUBLICATIONS. A WEBSITE REGARDING THE UNIVERSITY'S COMMITMENT TO DIVERSITY CAN BE FOUND AT: WWW.UDEL.EDU/DIVERSITY SCHEDULE E, LINE 6 THE UNIVERSITY OF DELAWARE PARTICIPATES IN THE FOLLOWING FEDERAL Title IV STUDENT FINANCIAL AID PROGRAMS: FEDERAL PELL, FSEOG, FEDERAL WORK STUDY, FEDERAL PERKINS LOAN, FEDERAL STAFFORD LOAN PROGRAMS and teach grant. Europe (Including Iceland and Greenland) 1 1 Program Services ACADEMIC SUPPORT 185911 Middle East and North Africa 1 2 Program Services Off Campus Training 985149 Europe (Including Iceland and Greenland) Investments 8526610 Central America and the Caribbean Investments 17875807 2 3 2 3 27573477 27573477 true false true true true false SCHEDULE F, PART I, LINE 2 In April 2011, the University initiated an art preservation grant in the Middle East/ North Africa region. This program, along with the program in the European region, are monitored by the University by retaining the approvals and payments of all expenditures along with supporting documentation, at the University's main campus in Newark, Delaware. wvud radiothon 42718 42718 1790 1542 lacrosse golf 32101 18391 13710 4960 4020 5286 166 4 74239 32321 41918 23101 12130 17112 275 1074 149058 93430 55628 29851 16150 22398 275 2782 71456 -15828 true UNIVERSITY OF DELAWARE SCHOLARSHIPS FOR STUDENTS 6804 38913327 FAIR VALUE SCHOLARSHIPS DELAWARE NEED BASED GRANTS 811 5014100 FAIR VALUE FINANCIAL AID ATHLETIC SCHOLARSHIPS 1250 10079970 FAIR VALUE SCHOLARSHIPS UNIVERSITY ENDOWMENT SCHOLARSHIPS 1470 3445384 FAIR VALUE SCHOLARSHIPS DELAWARE MERIT SCHOLARSHIPS 467 1924400 FAIR VALUE MERIT SCHOLARSHIPS Graduate Student Scholarships 6495 56545716 FAIR VALUE SCHOLARSHIPS Graduate Student Fellowships 574 2867668 FAIR VALUE FELLOWSHIPS University Gift Scholarships 255 2601912 FAIR VALUE SCHOLARSHIPS Other Scholarships and Grants 1064 1960219 FAIR VALUE FINANCIAL AID SCHEDULE I, PART 1, LINE 2 MONITORING THE USE OF GRANT FUNDS The University's oversight and controls over grant funds is facilitated by processes and controls inherent in the University's ERP system. Disbursement of funds are controlled by donor and institutional criteria that is monitored by both the system, and by collaboration between various departments of the University. A monthly review of funding is produced to monitor spending and reports are produced by development to provide additional oversight of scholarship recipients when providing reports to donors on the status of their gifts. X X X true true X X X X false false false true false false false true false Patrick T Harker 645964 0 73046 0 28497 0 50000 0 53571 0 851078 0 Thomas Mark Apple 178156 0 0 0 44804 0 19577 0 7107 0 249644 0 Nancy Brickhouse 195060 0 0 0 0 0 32760 0 15955 0 243775 0 Michael Chajes 237961 0 0 0 34785 0 31488 0 20344 0 324578 0 Jennifer W Davis 267305 0 18529 0 0 0 44500 0 15437 0 345771 0 Scott R Douglass 384103 0 35261 0 4072 0 50000 0 14111 0 487547 0 Michael Gilbert 227444 0 14857 0 0 0 49531 0 14176 0 306008 0 Pierre d Hayward 228653 0 15879 0 29454 0 11802 0 14604 0 300392 0 Carl W Jacobson 229431 0 16559 0 0 0 34754 0 17105 0 297849 0 Kathleen Sharon Matt 279446 0 0 0 78 0 27500 0 20269 0 327293 0 Robin W Morgan 242829 0 0 0 0 0 26548 0 17890 0 287267 0 Babatunde a Ogunnaike 289856 0 0 0 9078 0 27500 0 21837 0 348271 0 Nancy M Targett 244271 0 0 0 2500 0 28046 0 18136 0 292953 0 Monica Marie Taylor 303094 0 21574 0 2203 0 44500 0 6983 0 378354 0 George H Watson 298676 0 0 0 6667 0 33922 0 7528 0 346793 0 Bruce Weber 247933 0 0 0 0 0 27500 0 20947 0 296380 0 Charles Riordan 257863 0 0 0 0 0 27500 0 12357 0 297720 0 Mark a Barteau 68859 0 0 0 259500 0 47136 0 17217 0 392712 0 David Brond 213635 0 16317 0 21179 0 30781 0 10497 0 292409 0 Bernard MONTGOMERY Muir 282381 0 40000 0 32048 0 27500 0 11975 0 393904 0 David WILLIAM Singleton 208688 0 13818 0 0 0 48728 0 12525 0 283759 0 Lawrence White 263291 0 16252 0 0 0 50000 0 4247 0 333790 0 Patricia Ann Plummer Wilson 210390 0 14196 0 0 0 25065 0 14111 0 263762 0 Lee Anderson 194224 0 0 0 177700 0 43737 0 15892 0 431553 0 Edgar Johnson 208042 0 0 0 248600 0 44904 0 14189 0 515735 0 Daniel Rich 356916 0 0 0 0 0 62010 0 14956 0 433882 0 Donald Lewis Sparks 264210 0 0 0 94717 0 40252 0 7952 0 407131 0 Richard Zipser 202863 0 0 0 168551 0 48296 0 16514 0 436224 0 Ann Ardis 228661 0 0 0 5000 0 25611 0 10898 0 270170 0 Mark Stalnecker 230294 0 82695 0 0 0 50000 0 3773 0 366762 0 Lynn Okagaki 239940 0 0 0 0 0 48867 0 8077 0 296884 0 PART I, LINE 1A Housing Allowance - The University's President is required to live in an on-campus residence. The Arrangement meets the IRC exclusion from gross income and is therefore excluded from compensation reported on the President's Form W-2. Health and Social Club Dues - Certain current officers were provided benefits to health and social clubs totaling $19,718. It is the University's policy to treat the above items as taxable compensation and report the applicable amounts on the officer's Form W-2. Personal Services - One University officer received personal services in the form of housekeeping services in the amount of $5,914. It is the University's policy to treat such personal services as taxable compensation and to report the applicable amounts on the officer's Form W-2. PART I, LINE 5A The University's Chief Investment Officer, a key employee, received a bonus payment of $82,695 which is partially based upon the performance of the University's investment portfolio. This type of compensation is subject to the University's executive compenstion process which ensures that the amount of total compensation is fair and reasonable. Part I, Line 7 Certain University officers received bonus payments totaling $306,288, which are based upon achieving documented goals. This type of compensation is pursuant to the University's executive compenstion process which ensures that the amount of total compensation is fair and reasonable. Part VII and Schedule J Officer and Key Employee Changes The following officers and key employees listed on Schedule J and/or Form 990 Part VII separated service during calendar year 2012: Mark Barteau, August 2012 Bernard Montgomery Muir, August 2012 Thomas Mark Apple, June 2012 Pierre D. Hayward, June 2012 The following officers and key employees listed on Schedule J and/ or Form 990 Part VII started service with the University during the fiscal year ended June 30, 2013: Jeffrey Garland, August 2012 Deborah Hayes, January 2013 A UNIVERSITY OF DELAWARE 516000297 91425MAY3 2004-04-08 53457434 SEE Part VI false false false B UNIVERSITY OF DELAWARE 516000297 91425MAZ0 2005-07-14 49945000 SEE Part VI false false false C UNIVERSITY OF DELAWARE 516000297 91425MBW6 2009-12-17 70107432 SEE Part VI false false false A 0 0 54590166 0 0 8536682 366674 0 0 44554078 0 0 2005 true false true true B 0 0 51410087 0 0 12855147 307595 30000 0 36752258 0 0 2006 false true true true C 0 0 70107432 0 0 69614792 492640 0 0 0 0 0 2010 true false true true A false false false false 0 false false false true B false false false false 0 false false false true C false false false false 0 false false false true A false true true Morgan Stanley 30.6 false false false 0 false true B false true true Morgan Stanley 30.3 false false false 0 false true C false false false 0 false 0 false true A true B true C true Schedule K, Part I, Line A, COLUMN F 0 In April 2004, the University issued $12,070,000 of Series 2004A Revenue bonds. Approximately $8,041,000 of these Series 2004A bonds were used to retire the Series 1993 Revenue notes. The remaining portion were used to construct a parking garage, to demolish existing University dormatories, to construct three new dormatory buildings, and for other capital improvements. In April 2004, the University issued $40,835,000 of Series 2004B Variable Rate Demand Revenue Bonds. The bonds were used to construct a parking garage, to demolish existing University dormatories, to construct three new dormatory buildings, and for other capital improvements. Schedule K, Part I, Line b, COLUMN f 0 In July 2005, the University issued $49,945,000 of Series 2005 Variable Rate Demand Revenue Bonds. $37,880,000 of the Series 2005 Bonds were used to complete the construction of three new dormitory buildings, the demolition of some existing University dormitories, and other capital improvements started with proceeds of the Series 2004B Revenue Bonds. Also, $12,065,000 was used to Advance Refund a portion of the Series 1997 Bonds. Schedule K, Part I, Line c, COLUMN F 0 In December of 2009, the University issued $64,000,000 of Series 2009B Revenue Bonds in fixed rate mode with the sole purpose of refunding the Series 1998, 2001A, and 2001B Variable Rate Demand Bonds and terminating related interest rate exchange agreements. SCHEDULE K, PART I (CONTINUED), LINE A, COLUMN F 0 In November 2010, the University issued $119,580,000 of Series 2010A Revenue Bonds in fixed rate mode with the purpose of (1) providing funds for the construction, addition to and renovation, as applicable, to the following project facilities: (i) basketball and volleyball facility addition to the Bob Carpenter Sports/Convocation Center, (ii) construction of the University's bookstore, (iii) renovations to Carpenter Sports Building, (iv) renovations to the Bob Carpenter Sports/Convocation Center, (v) construction/renovations to east campus utility plant, (vi) the construction of housing for approximately 800 dormitory beds, (vii) recreation upgrades to Frazier Field and (2) funding the costs of issuance of the 2010A Bonds. SCHEDULE K, PART II, COLUMN A PROCEEDS - BOND ISSUE 2004A/B 0 LINE 3 - INCLUDES INTEREST EARNINGS $1,132,732 LINE 6 - NET OF DEBT SERVICE RESERVE FUND AND THE DEBT SERVICE FUND $2,697,958 SCHEDULE K, PART II, COLUMN B PROCEEDS - BOND ISSUE 2005 0 LINE 3 - INCLUDES INTEREST EARNINGS $1,465,087 LINE 7 - INCLUDES CREDIT ENHANCEMENT FEES $30,000 SCHEDULE K, PART II, COLUMN C PROCEEDS - BOND ISSUE 2013 0 The Series 2013A Bonds were issued for the purposes of providing funds (i) to finance the acquisition, construction, equipping and installation of certain Project Facitities including but not limited to renovations of Harrington Hall and Carpenter Sports Center, purchase of POD equipment and construction of new student housing, (ii) to refund a portion of certain prior Bonds of the University, (iii) to pay the termination payments with respect to a portion of certain interest rate exchange agreements and (iv) to pay the costs of issuing the 2013A Bonds. The Series 2013B Bonds were issued for the purpose of providing funds (i) to finance the acquisition, construction, equipping and installation of a new dining hall and (ii) to pay the costs of issuing the Series 2013B Bonds. The 2013 C Bonds were issued for the purpose of providing funds (i) to currently refund the University's Variable Rate Revenue Bonds, Series 2009A and (ii) to pay the costs of issuing the 2013C Bonds. A University of Delaware 516000297 91425MCD7 2010-11-18 119580000 SEE Part VI false false false B University of Delaware 516000297 91425MDU8 2013-04-18 196950353 SEE Part VI false false false A 0 0 119580000 0 0 980000 0 0 0 118600000 0 0 2011 false false true true B 0 0 196950353 0 0 79265720 760633 0 0 116924000 0 0 true false false true A false false false true 0 true false false true B false false false false 0 true false false true A false false false 0 false 0 false true B false true false true Morgan Stanley 24.3 false false false 0 false true A true B true Scholarship 3500 Scholarship Tuition 35458 Tuition PATRICK HARKER UNIVERSITY PRESIDENT 1603538 PEPCO UTILITY PAYMENTS false JAMES BOREL university trustee 397404 DUPONT Co RESEARCH GRANTS false MICHAEL MOORE SPOUSE OF KATHLEEN MATT 156181 EMPLOYMENT false TIMOTHY TARGETT SPOUSE OF NANCY TARGETT 164815 EMPLOYMENT false PHILLIP MINK SPOUSE OF ANN ARDIS 80229 EMPLOYMENT false Howard Cosgrove university trustee 383989 NRG Research Grants false LINE 1 PATRICK HARKER DR. HARKER, PRESIDENT OF THE UNIVERSITY, IS A DIRECTOR ON THE BOARD OF DIRECTORS OF PEPCO HOLDINGS, INC. PEPCO HOLDINGS, INC OWNS DELMARVA POWER AND LIGHT, INC. AS WELL AS PEPCO ENERGY SERVICES, INC., WHICH PROVIDES ELECTRIC UTILITY SERVICES TO THE UNIVERSITY OF DELAWARE. THESE ELECTRIC UTLITY SERVICES ARE PROVIDED TO THE UNIVERSITY OF DELAWARE ON AN ARM'S LENGTH BASIS. THE SERVICES during fiscal 2013 WERE IN THE AMOUNT OF $1,603,538. Line 2 James Borel James Borel, a University Trustee, is an officer of the Dupont Company. The University received $397,404 in grant payments for sponsored research from the DuPont Company during fiscal 2013. Line 6 Howard Cosgrove HOWARD COSGROVE, A UNIVERSITY TRUSTEE, IS CHAIRMAN OF THE BOARD OF NRG ENERGY, INC. THE UNIVERSITY RECEIVED $383,989 IN GRANT PAYMENTS FoR SPONSORED RESEARCH FROM NRG ENERGY DURING FISCAL 2013. X 24 224697 Opinions of Experts X 59581 Opinions of Experts X 700 Opinions of Experts X 2 191185 Opinions of Experts X 68 3062374 Median Stock value X 1 4914000 Opinions of Experts X 1 140 Opinions of Experts X 2 1350 Opinions of Experts X LAB EQUIPMENT 3 10010 Opinions of Experts X HISTORICAL COSTUMES 13 2428 Opinions of Experts X FUNDRAISER ITEMS 48 17489 Cost/Selling Price 11 false true false Business Relationships Part VI, Section A, Line 2 One trustee, who is a financial advisor, has a business relationship with three other trustees. MEMBERS WHO MAY ELECT ONE OR MORE MEMBERS OF THE GOVERNING BODY Part VI, Section A, Line 7a Eight of the University's trustees shall be appointed by the Governor, by and with the consent of a majority of the members elected to the Senate. FORM 990 REVIEW Part VI, Section B, Line 11B The University's Form 990 is prepared by the University's Finance Office and signed by the Executive Vice President and University Treasurer. The Form 990 is reviewed by additional members of University management, including the Vice President and General Counsel. It is also reviewed by the University's independent tax advisors who sign the return as "Paid Preparers." The Audit Visiting Committee of the Board of Trustees reviews and discusses the full Form 990 at its spring meeting (held in April 2014). Additionally, the full Form 990 is provided to the full Board of Trustees prior to the filing of the Form 990 with the IRS. CONFLICT OF INTEREST Part VI, Section B, Line 12c The Board of Trustees, Officers and key employees of the University, by virtue of their offices, have a fiduciary relationship with the University which requires that they act in good faith and with fidelity to the University's best interests. The University has written conflict of interest policies which are intended to permit the University and its Trustees, Officers and other key employees to identify, evaluate and address any conflict of interest that might call into question this fiduciary duty to the University. The conflict of interest policy covering Trustees is documented in the Bylaws of the Board of Trustees of the University, Section 1.4. The conflict of interest policies covering Officers and other senior administrators is documented in University policy 4-26, Policy on Disclosing and Managing Senior Administrators' Financial Conflicts of Interest. Conflict of interest policies covering other key employees are documented in the following University policies: 4-41, Professional and Salaried Staff Code of Ethics and 6-11, Faculty and Professional Staff Involvement in Commercial Enterprises that have Relationships with the University of Delaware. Each Trustee, Officer and key employee is required to report any conflicts of interest to the University as soon as practical after they become aware of such a conflict. Each Trustee, Officer and key employee shall also annually complete a Conflict of Interest Questionnaire. The University monitors compliance with its conflict of interest policies by review of the annual conflict of interest questionnaires by the Office of General Counsel and the office of the Vice President for Finance. If conflicts of interest exist for officers and key employees, General Counsel determines the corrective measure, if any, to be taken to resolve the conflict, or will impose appropriate restrictions, if any, on the person with the conflict. For conflicts of interest involving the President, the chair of the Board of Trustees will be notified of the conflict and will recommend to the Executive Committee of the Board of Trustees the corrective measures, if any, to be taken to resolve the conflict or appropriate restrictions, if any, to be imposed on the person with the conflict. The Executive Committee of the Board of Trustees, excluding such conflicted person, has the final approval of any recommended corrective measures or imposed restrictions. Such restrictions require excluding conflicted persons from discussion and approval of transactions benefitting them, directly or indirectly. Officer and Key Employees Compensation Process Part VI, Section B, Lines 15 A & B The compensation of all Officers of the University is reviewed and approved annually by the Compensation Committee of the Board of Trustees, and is subsequently reviewed and approved by the Executive Committee of the Board of Trustees. Such process includes the use of benchmark compensation data and 3rd party experts. The Officers' compensation process is contemporaneously documented by the Compensation Committee of the Board of Trustees. The compensation of key employees is set by their respective supervising Officer within the constraints of the University's operating budget, which is reviewed and approved by the Finance Committee of the Board of Trustees, and subsequently by the full Board of Trustees. The Key Employees' compensation process is contemporaneously documented by the University. JOINT VENTURE POLICY Part VI, Section B, Lines 16A & 16B ALTHOUGH THE UNIVERSITY DOES NOT HAVE AN APPROVED JOINT VENTURE POLICY, IT DOES HAVE A DRAFT POLICY AND DOES REVIEW ITS PARTICIPATION IN A JOINT VENTURE AS IT RELATES TO THE FEDERAL TAX LAWS, AND IT TAKES APPROPRIATE STEPS TO SAFEGUARD THE UNIVERSITY'S EXEMPT STATUS. Disclosure of Governing Documents Part VI, Section C, Line 19 The University's governing documents, conflict of interest policies and audited consolidated financial statements are available as public information on the University's website, and in hardcopy upon request. In addition, the University's Form 990, Form 990-T and IRS Determination Letter are made available for public review upon request. OTHER CHANGES IN NET ASSETS OF FUND BALANCE PART XI, LINE 5 Decrease in postretirement obligation 38,387,477 Blue Hen Hotel LLC Hullihen Hall Suite 220 Newark DE 19716 510411499 HOTEL DE 5481327 16535124 Univ of DE 1743 HOLDINGS LLC HULLIHEN HALL SUITE 220 NEWARK DE 19716 271332816 RESEARCH DE 4008064 41552502 Univ of DE Alumni Association of the Univ of DE 24 E Main Street Newark DE 19716 516016065 SCHOLARSHIP DE 501(c)(3) TYPE III-FI NA false University of Delaware Research Fdn 220 Hullihen Hall Newark DE 19716 516017306 Research DE 501(c)(3) Type III-O NA false University of De Library Associates Inc University of Delaware Library Newark DE 19717 516017971 DONATIONS DE 501(c)(3) TYPE III-FI na false Bartol Research Fdn co Franklin Instit 222 N 20th St Philadelphia PA 19103 232482657 Research PA 501(c)(3) TYPE 1 FRANKLIN INS false Karl W Boer Solar Energy Medal of Merit c/o Ralf R Boer Trustee Milwaukee WI 53202 396596448 Award DE 501(c)(3) Type I NA false UNIDEL FOUNDATION INC PO BOX 1146 WILMINGTON DE 19899 516015046 GRANTS DE 501(c)(3) TYPE III-O NA false Arlington Fnd 1 LLC 100 Summer Street BOSTON MA 02110 Boston MA 02110 470900223 Investments DE NA Related 5176356 190800461 false -18213 true 0.99000 FIRST STATE MARINE WIND LLC 2050 CABOT Blvd W LANGHORNE PA 19047 383809186 PWR GENERAT DE NA UNrelated -182254 2661558 false 0 true 0.67000 83 east main street llc 322 A street newark DE 19716 inactive DE na realted 0 0 false 0 true 0.61000 us offshore wind innov and Res Ctr llc 124 Hullihen Hall Newark DE 19716 inactive DE blue hen wind related 0 0 false 0 true 0.50000 BLUE HEN WIND INC 124 C HULLIHEN NEWARK DE 19716 352377140 INVESTMENTS DE UDel C CORP 0 2739467 1.00000 true University of DE Student Housing Fnd 220 Hullihen Hall newark DE 19716 311779506 Inactive DE na c corp 0 0 0.00000 true true true false false false false false false false false false false true true false false true false University of DE Library Associates Inc C 81000 CASH DIST. University of DE Research Foundation C 415000 CASH DIST. Unidel Foundation Inc C 15100000 CASH DIST. University of DE Alumni Association Inc C 141039 CASH DIST. See Sch R Part VII Supplemental Info M See Sch R Part VII Supplemental Info N Schedule R, Part V, Line 2 (m) & (n) The University provides, without compensation, bookkeeping and other administrative services to the University of Delaware Alumni Association, University of Delaware research Foundation, University of Delaware Library Associates, Inc., Blue Hen Wind, Inc. , and First State Marine Wind, LLC. University personnel receive no compensation from these organizations.