DELAWARE VALLEY UNIVERSITY: Form 990, tax year 2011
View the entire original 990 at ProPublica ↗
- Organization
- DELAWARE VALLEY UNIVERSITY (EIN 23-1352665)
- Tax period
- 2011-07-01 to 2012-06-30
- Filed
- 2013-05-02
- IRS object ID
- 201301229349300955
- Schema version
- 2011v1.5
- 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 B
- Schedule D
- Schedule E
- Schedule G
- Schedule I
- Schedule J
- Schedule K
- Schedule M
- Schedule O
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2013-05-02T13:44:20-05:00 | Timestamp |
| Tax Period End Date | 2012-06-30 | 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 STREET SUITE 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 | 2011-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 231352665 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | DELAWARE VALLEY COLLEGE OF SCIENCE AND AGRICULTURE | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | DELA | NameControl |
| Phone | 2154894898 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 700 EAST BUTLER AVE | AddressLine1 |
| City | DOYLESTOWN | City |
| State | PA | State |
| ZIP Code | 189012607 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | ARTHUR GLASS | Name |
| Title | VP FOR FINANCE AND ADMINISTRATION | Title |
| Phone | 2154894898 | Phone |
| Date Signed | 2013-05-02 | 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 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2011 | TaxYear |
| Build TS | 2016-03-07 17:11:31Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | ARTHUR GLASS | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 700 EAST BUTLER AVE | AddressLine1 |
| City | DOYLESTOWN | City |
| State | PA | State |
| ZIP Code | 189012607 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 92289145 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | WWW.DELVAL.EDU | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1896 | YearFormation |
| State Legal Domicile | PA | StateLegalDomicile |
| Activity Or Mission Description | A PRIVATE FOUR-YEAR COLLEGE PROVIDING HIGHER EDUCATION TO INDIVIDUALS SEEKING ADVANCEMENT. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 27 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 27 | NbrIndependentVotingMembers |
| Total Nbr Employees | 1467 | TotalNbrEmployees |
| Total Nbr Volunteers | 82 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 34647763 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 3145099 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 53733980 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 56251819 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 1398349 | InvestmentIncomePriorYear |
| Investment Income Current Year | 881573 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 12716128 | OtherRevenuePriorYear |
| Other Revenue Current Year | 12385794 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 102496220 | TotalRevenuePriorYear |
| Total Revenue Current Year | 72664285 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 19736377 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 21319138 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 27063732 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 29202607 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 1005467 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 20388770 | OtherExpensePriorYear |
| Other Expenses Current Year | 21753260 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 67188879 | TotalExpensesPriorYear |
| Total Expenses Current Year | 72275005 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 35307341 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 389280 | RevenuesLessExpensesCY |
| Total Assets BOY | 104843198 | TotalAssetsBOY |
| Total Assets EOY | 106021110 | TotalAssetsEOY |
| Total Liabilities BOY | 34820420 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 36619401 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 70022778 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 69401709 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | WE ARE INSPIRED BY THE IDEALS OF OUR FOUNDER WHO, IN 1896, EMPHASIZED RESPECT FOR ALL PEOPLE AND IDEAS, WHO HONORED KNOWLEDGE WITH PRACTICE, PROGRESS AND THE COMMON GOOD. OUR HISTORICAL COMMITMENT TO EXPERIENTIAL LEARNING INTEGRATES THEORY AND PRACTICE AND PREPARES UNDERGRADUATE AND GRADUATE STUDENTS TO MEET THE CHALLENGES OF A COMPLEX GLOBAL ENVIRONMENT AND TO ENGAGE IN LIFELONG LEARNING. WE PROVIDE STUDENTS WITH THE REQUISITE SKILLS AND A SPIRIT OF INQUIRY THAT ENRICH AND INFORM THEIR LIVES, PREPARE THEM TO PURSUE MEANINGFUL CAREERS, AND FULFILL SOCIETAL, COMMUNITY AND FAMILY RESPONSIBILITIES. | MissionDescription |
| Significant New Program Services | 1 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 62654066 | Expense |
| Grants | 21319138 | Grants |
| Revenue | 56173484 | Revenue |
| Description | DELAWARE VALLEY COLLEGE (THE "COLLEGE") OPERATES A PRIVATE, CO-EDUCATIONAL FOUR-YEAR INSTITUTION LOCATED IN DOYLESTOWN, BUCKS COUNTY, PENNSYLVANIA. THE COLLEGE WAS FOUNDED IN 1896 AND CURRENTLY ENROLLS OVER 1,600 FULL-TIME UNDERGRADUATE STUDENTS. THE COLLEGE'S FOCUS IS IN THE AREAS OF HIGH-SCIENCE, AGRICULTURE, BIOLOGICAL AND PHYSICAL SCIENCES, LIBERAL ARTS, TEACHER EDUCATION, AND BUSINESS. BESIDES ITS FULL-TIME UNDERGRADUATE PROGRAMS, THE COLLEGE OFFERS ASSOCIATE OF SCIENCE DEGREE PROGRAMS AND CONTINUING EDUCATION PROGRAMS INCLUDING AN EVENING COLLEGE AND SUMMER SESSIONS. IN ADDITION, THE COLLEGE OFFERS FIVE GRADUATE DEGREE PROGRAMS: MASTER OF SCIENCE, EDUCATIONAL LEADERSHIP; MASTER OF SCIENCE, TEACHING AND LEARNING; MASTER OF BUSINESS ADMINISTRATION; MASTER OF ARTS, POLICY STUDIES; AND MASTER OF ARTS, COUNSELING PSYCHOLOGY. | Description |
| Total Program Service Expense | 62654066 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 0 | LobbyingActivities |
| Subject To Proxy Tax | 0 | SubjectToProxyTax |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 1 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 1 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 0 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 1 | ReportProgRelInvest |
| Report Other Assets | 0 | ReportOtherAssets |
| Report Other Liabilities | 1 | ReportOtherLiabilities |
| Report Fin48 Footnote | 1 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 1 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 0 | ConsolidatedAuditFinancialStmt |
| School | 1 | 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 | 1 | FundraisingActivities |
| Gaming | 1 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 0 | GrantsToOrganizations |
| Grants To Individuals | 1 | 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 | 0 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 1 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 0 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transaction Related Entity | 0 | TransactionRelatedEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 117 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 1467 | 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 | 1 | QuidProQuoContributions |
| Quid Pro Quo Disclosure | 1 | QuidProQuoDisclosure |
| 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 | 27 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 27 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 0 | MembersOrStockholders |
| Election Of Board Members | 0 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 0 | 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 | ARTHUR GLASS VP FINANCE & ADMIN | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 2154892456 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 700 EAST BUTLER AVE | AddressLine1 |
| City | DOYLESTOWN | City |
| State | PA | State |
| ZIP Code | 18901 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (34 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | OfficerOfficer | Highest Compensated EmployeeHighestCompensatedEmployee |
|---|---|---|---|---|---|---|---|
| CHARLES ALPUCHE | |||||||
| TRUSTEE | 0.30 | X | 0 | 0 | 0 | ||
| WILLIAM S BARTLES | |||||||
| SECRETARY/TREASURER | 0.30 | X | 0 | 0 | 0 | X | |
| MARTIN BROOKS | |||||||
| TRUSTEE | 0.30 | X | 0 | 0 | 0 | ||
| ERIC B COMPTON | |||||||
| TRUSTEE | 0.30 | X | 0 | 0 | 0 | ||
| DR JOSHUA FELDSTEIN | |||||||
| TRUSTEE | 0.30 | X | 0 | 0 | 0 | ||
| RAYMOND C FUNKHOUSER | |||||||
| TRUSTEE | 0.30 | X | 0 | 0 | 0 | ||
| EDWARD A GASTINEAU | |||||||
| TRUSTEE | 0.30 | X | 0 | 0 | 0 | ||
| ELIZABETH H GEMMILL | |||||||
| TRUSTEE | 0.30 | X | 0 | 0 | 0 | ||
| ARTHUR D HERSHEY | |||||||
| TRUSTEE | 0.30 | X | 0 | 0 | 0 | ||
| DR JERE W HOHMANN | |||||||
| VICE CHAIR | 0.30 | X | 0 | 0 | 0 | X | |
| EMILY R KEGGAN | |||||||
| TRUSTEE | 0.30 | X | 0 | 0 | 0 | ||
| DR KEVIN L KEIM | |||||||
| TRUSTEE | 0.30 | X | 0 | 0 | 0 | ||
| JOSEPH C KRAUSKOPF | |||||||
| TRUSTEE | 0.30 | X | 0 | 0 | 0 | ||
| ROBERT LIPINSKI | |||||||
| TRUSTEE | 0.30 | X | 0 | 0 | 0 | ||
| W THOMAS LOMAX | |||||||
| TRUSTEE | 0.30 | X | 0 | 0 | 0 | ||
| DR MORTON S MANDELL | |||||||
| TRUSTEE | 0.30 | X | 0 | 0 | 0 | ||
| GERARD A MARINI | |||||||
| TRUSTEE | 0.30 | X | 0 | 0 | 0 | ||
| MICHAEL MOSS | |||||||
| TRUSTEE | 0.30 | X | 0 | 0 | 0 | ||
| WILLIAM J MULLIN | |||||||
| TRUSTEE | 0.30 | X | 0 | 0 | 0 | ||
| MICHAEL O'CONNOR | |||||||
| TRUSTEE | 0.30 | X | 0 | 0 | 0 | ||
| LAURA E OWEN | |||||||
| TRUSTEE | 0.30 | X | 0 | 0 | 0 | ||
| HELEN PISZEK-NELSON | |||||||
| TRUSTEE | 0.30 | X | 0 | 0 | 0 | ||
| RICHARD REIF | |||||||
| TRUSTEE | 0.30 | X | 0 | 0 | 0 | ||
| RON R THOMA | |||||||
| TRUSTEE | 0.30 | X | 0 | 0 | 0 | ||
| DR JAMES F TRAINER | |||||||
| CHAIR | 0.30 | X | 0 | 0 | 0 | X | |
| DR SUSAN B WARD | |||||||
| TRUSTEE | 0.30 | X | 0 | 0 | 0 | ||
| WILLIAM L WILSON | |||||||
| TRUSTEE | 0.30 | X | 0 | 0 | 0 | ||
| JOSEPH S BROSNAN | |||||||
| PRESIDENT | 55.00 | 333475 | 0 | 29058 | X | ||
| ARTHUR GLASS | |||||||
| VP, FINANCE & ADMINISTRATION | 40.00 | 241510 | 0 | 23786 | X | ||
| BASHAR HANNA | |||||||
| VP, ACADEMIC AFFAIRS | 40.00 | 155525 | 0 | 15535 | X | ||
| E NORMAN JONES | |||||||
| VP, ENROLLMENT MGMT | 40.00 | 151989 | 0 | 20563 | X | ||
| ROBERT J YAPSUGA | |||||||
| MANAGER-STRATEGIC PLANNING | 40.00 | 151734 | 0 | 11707 | X | ||
| JOSEPH ERCKERT | |||||||
| VP, INSTITUTIONAL ADVANCEMENT | 40.00 | 145729 | 0 | 15238 | X | ||
| RUSSELL REDDING | |||||||
| DEAN, SCHOOL OF AGRI & ENVIRON SCIENCES | 40.00 | 144515 | 0 | 515 | X | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 1324477 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 116402 | TotalOtherCompensation |
| Number Individuals GT100 K | 17 | 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 |
|---|---|---|---|---|---|
| PARKHURST DINING SERVICES | |||||
| PO BOX 644091 | PITTSBURGH | PA | 15264 | FOOD SERVICE PROVIDER | 2659642 |
| E ALLEN REEVES INC | |||||
| 1145 YORK ROAD | ABINGTON | PA | 19001 | ENGINEERING/CONSTRUCTION MANAGEMENT | 1100807 |
| ALTA COMMUNICATIONS | |||||
| 230 SOUTH BROAD STREET SUITE 1500 | PHILADELPHIA | PA | 19102 | EDUCATION CONSULTANTS | 385482 |
| H2L2 ARCHITECTS PLANNERS | |||||
| 714 MARKET STREET | PHILADELPHIA | PA | 19106 | ARCHITECTS AND ENGINEERS | 204260 |
| ZIP SYNDICATE INC | |||||
| 100 SOUTH 13TH STREET | PHILADELPHIA | PA | 19107 | EDUCATION CONSULTANTS | 157798 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 24 | NumberOfContractorsGT100K |
| Fundraising Events | 68742 | FundraisingEvents |
| Government Grants | 1313735 | GovernmentGrants |
| All Other Contributions | 1762622 | AllOtherContributions |
| Noncash Contributions | 75309 | NoncashContributions |
| Total Contributions | 3145099 | TotalContributions |
Program Service Revenue ProgramServiceRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | TUITION AND FEES | Description |
| Business Code | 611310 | BusinessCode |
| Total Revenue Column | 56251819 | TotalRevenueColumn |
| Related Or Exempt Function Income | 56251819 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 56251819 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 966668 | TotalRevenueColumn |
| Exclusion | $966,668 | ExclusionAmount |
Gross Rents GrossRents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 52779 | Real |
Less Rental Expenses LessRentalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 30598 | Real |
Rental Income Or Loss RentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 22181 | Real |
Net Rental Income Or Loss NetRentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 22181 | TotalRevenueColumn |
| Exclusion | $22,181 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 18717550 | Securities |
| Other | 1820 | Other |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 18793215 | Securities |
| Other | 11250 | Other |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | -75665 | Securities |
| Other | -9430 | Other |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -85095 | TotalRevenueColumn |
| Exclusion | -$85,095 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Income Fundraising Events | 26197 | GrossIncomeFundraisingEvents |
| Cntrbtns Rprtd Fundraising Events | 68742 | CntrbtnsRprtdFundraisingEvents |
| Fundraising Direct Expenses | 43147 | FundraisingDirectExpenses |
Net Income From Fundraising Events NetIncomeFromFundraisingEvents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -16950 | TotalRevenueColumn |
| Exclusion | -$16,950 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Income Gaming | 20175 | GrossIncomeGaming |
| Gaming Direct Expenses | 3825 | GamingDirectExpenses |
Net Income From Gaming NetIncomeFromGaming
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 16350 | TotalRevenueColumn |
| Exclusion | $16,350 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | 1061697 | GrossSalesOfInventory |
| Cost Of Goods Sold | 742825 | CostOfGoodsSold |
Net Income Or Loss NetIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 318872 | TotalRevenueColumn |
| Exclusion | $318,872 | ExclusionAmount |
Other Revenue Misc OtherRevenueMisc (3 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | ExclusionExclusionAmount |
|---|---|---|---|
| DINING SERVICES INCOME | 722210 | 5810566 | $5,810,566 |
| RESIDENCE HALLS | 611310 | 5128593 | $5,128,593 |
| PRODUCTION UNITS FARM | 900099 | 670427 | $670,427 |
Miscellaneous Revenue MiscellaneousRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 435755 | TotalRevenueColumn |
| Related Or Exempt Function Income | -78335 | RelatedOrExemptFunctionIncome |
| Exclusion | $514,090 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 12045341 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 72664285 | TotalRevenueColumn |
| Related Or Exempt Function Income | 56173484 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $13,345,702 | ExclusionAmount |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 21319138 | Total |
| Program Services | 21319138 | ProgramServices |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 610118 | Total |
| Management And General | 610118 | ManagementAndGeneral |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 22325583 | Total |
| Program Services | 18271620 | ProgramServices |
| Management And General | 3457036 | ManagementAndGeneral |
| Fundraising | 596927 | Fundraising |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1118443 | Total |
| Program Services | 925948 | ProgramServices |
| Management And General | 162245 | ManagementAndGeneral |
| Fundraising | 30250 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3511563 | Total |
| Program Services | 2810117 | ProgramServices |
| Management And General | 609641 | ManagementAndGeneral |
| Fundraising | 91805 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1636900 | Total |
| Program Services | 1306855 | ProgramServices |
| Management And General | 287351 | ManagementAndGeneral |
| Fundraising | 42694 | Fundraising |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 154377 | Total |
| Management And General | 154377 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 107862 | Total |
| Management And General | 107862 | ManagementAndGeneral |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 187947 | Total |
| Program Services | 187947 | ProgramServices |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3263497 | Total |
| Program Services | 1982518 | ProgramServices |
| Management And General | 1235350 | ManagementAndGeneral |
| Fundraising | 45629 | Fundraising |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 611471 | Total |
| Program Services | 594223 | ProgramServices |
| Management And General | 17248 | ManagementAndGeneral |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2041395 | Total |
| Program Services | 1674199 | ProgramServices |
| Management And General | 299413 | ManagementAndGeneral |
| Fundraising | 67783 | Fundraising |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1576923 | Total |
| Program Services | 1576923 | ProgramServices |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 533333 | Total |
| Program Services | 441809 | ProgramServices |
| Management And General | 73243 | ManagementAndGeneral |
| Fundraising | 18281 | Fundraising |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 41563 | Total |
| Program Services | 20803 | ProgramServices |
| Management And General | 19055 | ManagementAndGeneral |
| Fundraising | 1705 | Fundraising |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1573201 | Total |
| Program Services | 1529481 | ProgramServices |
| Management And General | 43720 | ManagementAndGeneral |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3112773 | Total |
| Program Services | 2513185 | ProgramServices |
| Management And General | 599588 | ManagementAndGeneral |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 497141 | Total |
| Program Services | 495941 | ProgramServices |
| Fundraising | 1200 | Fundraising |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral | FundraisingFundraising |
|---|---|---|---|---|
| MEALS | 2609989 | 2529941 | 70160 | 9888 |
| EQUIPMENT & REPAIRS | 2380521 | 2148653 | 219275 | 12593 |
| LIVESTOCK EXPENSES | 558678 | 558678 | ||
| EVENTS | 513476 | 414243 | 25463 | 73770 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1989113 | Total |
| Program Services | 1351844 | ProgramServices |
| Management And General | 624327 | ManagementAndGeneral |
| Fundraising | 12942 | Fundraising |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 72275005 | Total |
| Program Services | 62654066 | ProgramServices |
| Management And General | 8615472 | ManagementAndGeneral |
| Fundraising | 1005467 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 150194 | BOY |
| EOY | 255585 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1080737 | BOY |
| EOY | 1034357 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 923623 | BOY |
| EOY | 1132796 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1578557 | BOY |
| EOY | 1682186 | EOY |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1203132 | BOY |
| EOY | 1217334 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 820968 | BOY |
| EOY | 972597 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 105176528 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 43578394 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 59612143 | BOY |
| EOY | 61598134 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 33732261 | BOY |
| EOY | 30846678 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | 1657653 | EOY |
Investments Program Related InvestmentsProgramRelated
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5456078 | BOY |
| EOY | 5325079 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 285505 | BOY |
| EOY | 298711 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 104843198 | BOY |
| EOY | 106021110 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3967377 | BOY |
| EOY | 4303809 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1140347 | BOY |
| EOY | 3299169 | EOY |
Tax Exempt Bond Liabilities TaxExemptBondLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 26456659 | BOY |
| EOY | 25852122 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 885133 | BOY |
| EOY | 824499 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2370904 | BOY |
| EOY | 2339802 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 34820420 | BOY |
| EOY | 36619401 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 50262041 | BOY |
| EOY | 49671371 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 15136220 | BOY |
| EOY | 14499063 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4624517 | BOY |
| EOY | 5231275 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 70022778 | BOY |
| EOY | 69401709 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 104843198 | BOY |
| EOY | 106021110 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 389280 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | -1010349 | ReconcilationOtherChanges |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
| Audit Committee | 1 | AuditCommittee |
| Financial Statement Separate | X | FinancialStatementSeparate |
| Federal Grant Audit Required | 1 | FederalGrantAuditRequired |
| Federal Grant Audit Performed | 1 | FederalGrantAuditPerformed |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School170b1 Aii | X | School170b1Aii |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preservation Of Open Space | X | PreservationOfOpenSpace |
| Total Number Of Easements | 2 | TotalNumberOfEasements |
| Total Acreage | 283.00 | TotalAcreage |
| Nmbr Hist Struct Easements | 0 | NmbrHistStructEasements |
| Nmbr Hist Struct Easements After | 0 | NmbrHistStructEasementsAfter |
| Nmbr Easements Modified | 0 | NmbrEasementsModified |
| Nmbr States In Which Easements Held | 1 | NmbrStatesInWhichEasementsHeld |
| Written Policy Monitoring | 0 | WrittenPolicyMonitoring |
| Staff Hours Spent On Enforcement | 0.00 | StaffHoursSpentOnEnforcement |
| Expenses Incurred For Enforcement | 0 | ExpensesIncurredForEnforcement |
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 33066877 | BeginningOfYearBalance |
| Contributions | 634695 | Contributions |
| Investment Earnings Or Losses | -167204 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 773012 | GrantsOrScholarships |
| Other Expenditures | 896712 | OtherExpenditures |
| Administrative Expenses | 93920 | AdministrativeExpenses |
| End Of Year Balance | 31770724 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 14354176 | BeginningOfYearBalance |
| Contributions | 16303729 | Contributions |
| Investment Earnings Or Losses | 3234154 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 144081 | GrantsOrScholarships |
| Other Expenditures | 528809 | OtherExpenditures |
| Administrative Expenses | 152292 | AdministrativeExpenses |
| End Of Year Balance | 33066877 | EndOfYearBalance |
Current Year Minus2 Years CurrentYearMinus2Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 13255402 | BeginningOfYearBalance |
| Contributions | 331778 | Contributions |
| Investment Earnings Or Losses | 1146552 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 217976 | GrantsOrScholarships |
| Other Expenditures | 70407 | OtherExpenditures |
| Administrative Expenses | 91173 | AdministrativeExpenses |
| End Of Year Balance | 14354176 | EndOfYearBalance |
Current Year Minus3 Years CurrentYearMinus3Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 16538121 | BeginningOfYearBalance |
| Contributions | 506986 | Contributions |
| Investment Earnings Or Losses | -3273396 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 228043 | GrantsOrScholarships |
| Other Expenditures | 202378 | OtherExpenditures |
| Administrative Expenses | 85888 | AdministrativeExpenses |
| End Of Year Balance | 13255402 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated EOY Balance | 0.46200 | BoardDesignatedEOYBalance |
| Permanent Endowment EOY Balance | 0.37300 | PermanentEndowmentEOYBalance |
| Term Endowment EOY Balance | 0.16500 | TermEndowmentEOYBalance |
| Endowments Held By Unrelated Orgs | 0 | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | 0 | EndowmentsHeldByRelatedOrgs |
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 12137985 | OtherCostOrOtherBasis |
| Book Value | 12137985 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 68427092 | OtherCostOrOtherBasis |
| Depreciation | 28197103 | Depreciation |
| Book Value | 40229989 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 18900959 | OtherCostOrOtherBasis |
| Depreciation | 14102406 | Depreciation |
| Book Value | 4798553 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 5710492 | OtherCostOrOtherBasis |
| Depreciation | 1278885 | Depreciation |
| Book Value | 4431607 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 61598134 | TotalOfBookValueLandBuildings |
Investments Program Related InvestmentsProgramRelated (2 entries)
| DescriptionDescription | Book ValueBookValue | Method Of ValuationMethodOfValuation |
|---|---|---|
| BENEFICIAL INTEREST IN BUCKS COUNTY BIOTECHNOLOGY CENTER | 3309705 | C |
| STUDENT LOANS RECEIVABLE | 2015374 | C |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Program Related | 5325079 | TotalOfBookValueProgramRelated |
Other Liabilities OtherLiabilities (2 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| FUNDS HELD IN CUSTODY FOR OTHERS | $637,594 |
| REFUNDABLE ADVANCES FOR STUDENT LOANS | $1,702,208 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 2339802 | TotalOfAmounts |
| Total Revenue | 72664285 | TotalRevenue |
| Total Expenses | 72275005 | TotalExpenses |
| Excess Or Deficit For Year | 389280 | ExcessOrDeficitForYear |
| Net Unrealized GL On Investments | -993999 | NetUnrealizedGLOnInvestments |
| Other | -$16,350 | OtherAmount |
| Total Adjustments | -1010349 | TotalAdjustments |
| Excess Or Deficit Per FS | -621069 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 51465025 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | -993999 | NetUnrealizedGainsInvestments |
| Other Revenues | -21016731 | OtherRevenues |
| Revenue Not Rptd F990 | -22010730 | RevenueNotRptdF990 |
| Revenue Subtotal | 73475755 | RevenueSubtotal |
| Other Revenues Not Included | -811470 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | -811470 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 72664285 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 52086094 | TotExpensesEtcAuditedFinclStmt |
| Other Expenses Included | 827820 | OtherExpensesIncluded |
| Expenses Not Rptd F990 | 827820 | ExpensesNotRptdF990 |
| Expenses Subtotal | 51258274 | ExpensesSubtotal |
| Other Expenses Not Included | 21016731 | OtherExpensesNotIncluded |
| Expenses Not Rptd On Fin Stmt | 21016731 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 72275005 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (8 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| DESCRIPTION OF HOW ORGANIZATION REPORTS CONSERVATION EASEMENTS: | PART II, LINE 9: | THE COLLEGE OWNS APPROXIMATELY 283 ACRES OF LAND IN BUCKS AND MONTGOMERY COUNTIES UNDER AGRICULTURAL CONSERVATION EASEMENTS PURSUANT TO THE AGRICULTURAL AREA SECURITY LAW. UNDER THESE AGRICULTURAL CONSERVATION EASEMENTS, THE COLLEGE'S USE OF THE LAND IS LIMITED TO THE PRODUCTION OF CROPS, LIVESTOCK AND LIVESTOCK PRODUCTS, AND OTHER AGRICULTURAL PRODUCTION. |
| DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: | PART V, LINE 4: | THE USE OF ENDOWMENT FUNDS IS BASED ON THE RESTRICTION PLACED BY THE DONOR. ANY BOARD-DESIGNATED QUASI-ENDOWMENT FUNDS ARE USED PRIMARILY FOR STUDENT SCHOLARSHIPS. |
| DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: | PART X: | THE COLLEGE FOLLOWS THE FINANCIAL ACCOUNTING STANDARDS BOARD ("FASB") GUIDANCE THAT REQUIRES A TAX POSITION TO BE RECOGNIZED OR DERECOGNIZED BASED ON THE "MORE LIKELY THAN NOT" THRESHOLD. THE COLLEGE DOES NOT BELIEVE ITS FINANCIAL STATEMENTS INCLUDE ANY UNCERTAIN TAX POSITIONS. THE COLLEGE'S POLICY IS TO RECOGNIZE INTEREST RELATED TO UNRECOGNIZED TAX BENEFITS IN INTEREST EXPENSE AND PENALTIES IN OPERATING EXPENSES. NO INTEREST OR PENALTIES WERE RECOGNIZED IN 2012 AND 2011. THE COLLEGE'S FEDERAL EXEMPT ORGANIZATION BUSINESS INCOME TAX RETURNS FOR 2011, 2010, AND 2009 REMAIN SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE. |
| PART XI, LINE 8 - OTHER ADJUSTMENTS: | NET GAMING ACTIVITY NOT REPORTED THROUGH INCOME STATEMENT -16,350. | |
| PART XII, LINE 2D - OTHER ADJUSTMENTS: | SCHOLARSHIP EXPENSE -21,016,731. | |
| PART XII, LINE 4B - OTHER ADJUSTMENTS: | COST OF GOODS SOLD -742,825. RENTAL EXPENSE -30,598. LOSS ON SALE OF ASSETS -11,250. SPECIAL EVENTS EXPENSE -43,147. NET GAMING ACTIVITY NOT REPORTED THROUGH INCOME STATEMENT 16,350. | |
| PART XIII, LINE 2D - OTHER ADJUSTMENTS: | COST OF GOODS SOLD 742,825. RENTAL EXPENSE 30,598. LOSS ON SALE OF ASSETS 11,250. SPECIAL EVENTS EXPENSE 43,147. | |
| PART XIII, LINE 4B - OTHER ADJUSTMENTS: | SCHOLARSHIP EXPENSE 21,016,731. |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | 1 | NondiscriminatoryPolicyStmt |
| Policy Statement In Brochures Etc | 1 | PolicyStatementInBrochuresEtc |
| Policy Publ Via Broadcast Media | 1 | PolicyPublViaBroadcastMedia |
| Maint Racial Composition Records | 1 | MaintRacialCompositionRecords |
| Maint Scholarships Records | 1 | MaintScholarshipsRecords |
| Maint Copies Of Brochures Etc | 1 | MaintCopiesOfBrochuresEtc |
| Maint Copies Of All Solicitations | 1 | MaintCopiesOfAllSolicitations |
| Discriminate Race Students Rights | 0 | DiscriminateRaceStudentsRights |
| Discriminate Race Admiss Policies | 0 | DiscriminateRaceAdmissPolicies |
| Discriminate Race Emplmn Faculty | 0 | DiscriminateRaceEmplmnFaculty |
| Discriminate Race Scholarships | 0 | DiscriminateRaceScholarships |
| Discriminate Race Educ Policies | 0 | DiscriminateRaceEducPolicies |
| Discriminate Race Use Of Fclts | 0 | DiscriminateRaceUseOfFclts |
| Discriminate Race Athletic Prog | 0 | DiscriminateRaceAthleticProg |
| Discriminate Race Other Acty | 0 | DiscriminateRaceOtherActy |
| Government Financial Aid Received | 1 | GovernmentFinancialAidReceived |
| Government Financial Aid Revoked | 0 | GovernmentFinancialAidRevoked |
| Compliance With Rev Proc7550 | 1 | ComplianceWithRevProc7550 |
Form990 Schedule E Part II Form990ScheduleEPartII (2 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION | SCHEDULE E, PART I, LINE 3 | THE NON-DISCRIMINATION POLICY OF THE COLLEGE IS INCLUDED IN ALL EXTERNALLY TARGETED PUBLICATIONS, THE COLLEGE CATALOG AND THE WEBSITE. |
| EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE | SCHEDULE E, PART I, LINE 6 | THE COLLEGE RECEIVES FEDERAL FUNDS UNDER THE PERKINS LOAN, PELL GRANT, SUPPLEMENTAL EDUCATION OPPORTUNITY GRANT, COLLEGE WORK STUDY, LEGACY/TALENT SEARCH PROGRAMS AND OTHER MISCELLANEOUS FEDERAL RESEARCH AND DEVELOPMENT GRANTS. ADDITIONALLY, THE COLLEGE RECEIVES VARIOUS GRANTS FROM THE COMMONWEALTH OF PENNSYLVANIA AND ITS POLITICAL SUBDIVISIONS. |
Schedule G IRS990ScheduleG
Events Information EventsInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Event1 | DVC GOLF CLASSIC | NameOfEvent1 |
| Gross Receipts Event1 | 94939 | GrossReceiptsEvent1 |
| Charitable Contributions Event1 | 68742 | CharitableContributionsEvent1 |
| Gross Revenue Event1 | 26197 | GrossRevenueEvent1 |
| Rent Facility Costs Event1 | 20901 | RentFacilityCostsEvent1 |
| Food And Beverage Event1 | 15732 | FoodAndBeverageEvent1 |
| Other Direct Expenses Event1 | 6514 | OtherDirectExpensesEvent1 |
| Gross Receipts Total | 94939 | GrossReceiptsTotal |
| Charitable Contributions Total | 68742 | CharitableContributionsTotal |
| Gross Revenue Total Events | 26197 | GrossRevenueTotalEvents |
| Rent Facility Costs Total Events | 20901 | RentFacilityCostsTotalEvents |
| Food And Beverage Total Events | 15732 | FoodAndBeverageTotalEvents |
| Other Direct Expenses Total Events | 6514 | OtherDirectExpensesTotalEvents |
| Direct Expense Summary Events | 43147 | DirectExpenseSummaryEvents |
| Net Income Summary | -16950 | NetIncomeSummary |
Gaming Information GamingInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Revenue Other Gaming | 20175 | GrossRevenueOtherGaming |
| Cash Prizes Other Gaming | 3545 | CashPrizesOtherGaming |
| Other Direct Expenses Other Gaming | 280 | OtherDirectExpensesOtherGaming |
| Volunteer Labor Other Gaming | 1 | VolunteerLaborOtherGaming |
| Volunteer Labor Prcnt Other Gaming | 1.00000 | VolunteerLaborPrcntOtherGaming |
| Gross Revenue Total Gaming | 20175 | GrossRevenueTotalGaming |
| Cash Prizes Total Gaming | 3545 | CashPrizesTotalGaming |
| Other Direct Expenses Total Gaming | 280 | OtherDirectExpensesTotalGaming |
| Direct Expense Summary Gaming | 3825 | DirectExpenseSummaryGaming |
| Net Gaming Income Summary | 16350 | NetGamingIncomeSummary |
| Field | Value | IRS element (for citing) |
|---|---|---|
| States Where Gaming Conducted | PA | StatesWhereGamingConducted |
| Licensed | 1 | Licensed |
| License Suspended Etc | 0 | LicenseSuspendedEtc |
| Gaming With Nonmembers | 1 | GamingWithNonmembers |
| Member Of Other Entity | 0 | MemberOfOtherEntity |
| Percentage Of Gaming Othr Facility | 1.00000 | PercentageOfGamingOthrFacility |
| Name Of Gaming Rec Keeper Person | JIM CLEMENTS | NameOfGamingRecKeeperPerson |
Address Of Gaming Rec Keeper US AddressOfGamingRecKeeperUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 700 EAST BUTLER AVE | AddressLine1 |
| City | DOYLESTOWN | City |
| State | PA | State |
| ZIP Code | 18901 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contract With3rd Party For Gam Rev | 0 | ContractWith3rdPartyForGamRev |
| Gaming Manager Name Person | JIM CLEMENTS | GamingManagerNamePerson |
| Gaming Manager Compensation | 0 | GamingManagerCompensation |
| Gaming Manager Services Provided | PREPARES AND DISTRIBUTES CALENDARS, COLLECTS SALES AND ISSUES REQUESTS FOR PAYMENT TO WINNERS | GamingManagerServicesProvided |
| Gaming Manager Is Employee | X | GamingManagerIsEmployee |
| Charitable Distrib Required | 0 | CharitableDistribRequired |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | 1 | RecordsMaintained |
Form990 Schedule I Part III Form990ScheduleIPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Type Of Grant | VARIOUS STUDENT SCHOLARSHIPS | TypeOfGrant |
| Number Of Recipients | 1400 | NumberOfRecipients |
| Amount Of Cash Grant | 21319138 | AmountOfCashGrant |
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: NEED-BASED GRANTS AWARDED BASED ON FINANCIAL AID NEEDS ANALYSIS. OTHER GRANTS/SCHOLARSHIPS AWARDED BASED ON MEETING REQUIREMENTS SET FORTH BY THE DONOR. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Housing Allowance Or Residence | X | HousingAllowanceOrResidence |
| Written Policy Re T And E Expenses | 1 | WrittenPolicyReTAndEExpenses |
| Substantiation Required | 1 | SubstantiationRequired |
| Compensation Committee | X | CompensationCommittee |
| Independent Consultant | X | IndependentConsultant |
| Written Employment Contract | X | WrittenEmploymentContract |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| 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 (6 entries)
| Base Compensation Filing OrgBaseCompensationFilingOrg | Comp Based On Related OrgsCompBasedOnRelatedOrgs | Bonus Filing OrgBonusFilingOrg | Bonus Related OrgsBonusRelatedOrgs | Other Compensation Filing OrgOtherCompensationFilingOrg | Other Compensation Related OrgsOtherCompensationRelatedOrgs | Deferred Comp Filing OrgDeferredCompFilingOrg | Deferred Comp Related OrgsDeferredCompRelatedOrgs | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs | Total Compensation Filing OrgTotalCompensationFilingOrg | Total Compensation Related OrgsTotalCompensationRelatedOrgs | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg | Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| JOSEPH S BROSNAN | |||||||||||||
| 308451 | 0 | 0 | 0 | 25024 | 0 | 21998 | 0 | 7060 | 0 | 362533 | 0 | 0 | 0 |
| ARTHUR GLASS | |||||||||||||
| 238084 | 0 | 0 | 0 | 3426 | 0 | 21428 | 0 | 2358 | 0 | 265296 | 0 | 0 | 0 |
| BASHAR HANNA | |||||||||||||
| 95731 | 0 | 0 | 0 | 59794 | 0 | 7235 | 0 | 8300 | 0 | 171060 | 0 | 0 | 0 |
| E NORMAN JONES | |||||||||||||
| 150299 | 0 | 0 | 0 | 1690 | 0 | 13527 | 0 | 7036 | 0 | 172552 | 0 | 0 | 0 |
| ROBERT J YAPSUGA | |||||||||||||
| 124034 | 0 | 0 | 0 | 27700 | 0 | 11163 | 0 | 544 | 0 | 163441 | 0 | 0 | 0 |
| JOSEPH ERCKERT | |||||||||||||
| 143599 | 0 | 0 | 0 | 2130 | 0 | 8616 | 0 | 6622 | 0 | 160967 | 0 | 0 | 0 |
Form990 Schedule J Part III Form990ScheduleJPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Reference | PART I, LINE 1A | ReturnReference |
| Explanation | JOSEPH BROSNAN, THE COLLEGE PRESIDENT, IS REQUIRED TO RESIDE ON CAMPUS AS A CONVENIENCE TO THE COLLEGE AND AS A CONDITION OF EMPLOYMENT. AS SUCH, THIS BENEFIT IS NOT INCLUDED IN HIS TAXABLE COMPENSATION. | Explanation |
Schedule K IRS990ScheduleK
Form990 Schedule K Part I Form990ScheduleKPartI (2 entries)
| Issuer EINIssuerEIN | CUSIP NumberCUSIPNumber | Date IssuedDateIssued | Issue PriceIssuePrice | Description Of PurposeDescriptionOfPurpose | DefeasedDefeased | On Behalf Of IssuerOnBehalfOfIssuer | Pool FinancingPoolFinancing |
|---|---|---|---|---|---|---|---|
| PENNSYLVANIA HIGHER EDUCATION FACILITIES AUTHORITY | |||||||
| 232243852 | 70917PDCO | 2003-12-18 | 12479239 | CONSTRUCTION/EQUIPMENT/FURNISHINGS FOR 200-BED DORMITORY & IMPROVEMENTS | 0 | 0 | 0 |
| PENNSYLVANIA HIGHER EDUCATION FACILITIES AUTHORITY | |||||||
| 232243852 | 70917PDXO | 2004-08-25 | 5314995 | CONSTRUCTION/EQUIPMENT/FURNISHINGS FOR 100-BED DORMITORY & IMPROVEMENTS | 0 | 0 | 0 |
Form990 Schedule K Part II Form990ScheduleKPartII (2 entries)
| Amount RetiredAmountRetired | Total ProceedsTotalProceeds | Capitalized InterestCapitalizedInterest | Issuance Costs From ProceedsIssuanceCostsFromProceeds | Credit EnhancementCreditEnhancement | Capital ExpendituresCapitalExpenditures | Year Of Subst CompletionYearOfSubstCompletion | Current RefundingCurrentRefunding | Advance RefundingAdvanceRefunding | Final Allocation MadeFinalAllocationMade | Adequate Books And Recds MaintaindAdequateBooksAndRecdsMaintaind |
|---|---|---|---|---|---|---|---|---|---|---|
| 1050000 | 12479239 | 697919 | 249584 | 30000 | 11501736 | 2005 | 0 | 0 | 1 | 1 |
| 490000 | 5314995 | 195574 | 106205 | 10997 | 5002219 | 2006 | 0 | 0 | 1 | 1 |
Form990 Schedule K Part III Form990ScheduleKPartIII (2 entries)
| 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 | Post Issuance Compliance ProcdrsPostIssuanceComplianceProcdrs | Engage Bond Counsel ContractsEngageBondCounselContracts |
|---|---|---|---|---|---|---|---|---|
| 0 | 0 | 0 | 0 | 0.00000 | 0.00000 | 0.00000 | 1 | |
| 0 | 0 | 1 | 0 | 0.00000 | 0.00000 | 0.00000 | 1 | 1 |
Form990 Schedule K Part IV Form990ScheduleKPartIV (2 entries)
| Form8038 T FiledForm8038TFiled | Variable Rate IssueVariableRateIssue | Hedge Identified In Books And RecdsHedgeIdentifiedInBooksAndRecds | Gross Proceeds Invested In GICGrossProceedsInvestedInGIC | Gross Proceeds InvestedGrossProceedsInvested | Exception To RebateExceptionToRebate |
|---|---|---|---|---|---|
| 0 | 0 | 0 | 0 | 0 | 0 |
| 0 | 0 | 0 | 0 | 0 | 0 |
Form990 Schedule K Part VI Form990ScheduleKPartVI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | PART V | Identifier |
| Return Reference | PROCEDURES TO UNDERTAKE CORRECTIVE ACTION | ReturnReference |
| Explanation | ALTHOUGH THE ORGANIZATION DOES NOT CURRENTLY HAVE SUCH WRITTEN PROCEDURES IN PLACE, IT IS CONSIDERING ADOPTING A WRITTEN POLICY IN THE FUTURE. | Explanation |
Schedule M IRS990ScheduleM
Works Of Art WorksOfArt
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 18 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 1810 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | FMV | MethodOfDeterminingRevenues |
Books And Publications BooksAndPublications
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Noncash Contribs Rptd F990 | 25 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | FMV | MethodOfDeterminingRevenues |
Clothing And Household Goods ClothingAndHouseholdGoods
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Noncash Contribs Rptd F990 | 713 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | FMV | MethodOfDeterminingRevenues |
Securities Publicly Traded SecuritiesPubliclyTraded
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 1 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 20884 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | FMV | MethodOfDeterminingRevenues |
Other Non Cash Contributions Table OtherNonCashContributionsTable (4 entries)
| Non Cash CheckboxNonCashCheckbox | DescriptionDescription | Number Of ContributionsNumberOfContributions | Noncash Contribs Rptd F990NoncashContribsRptdF990 | Method Of Determining RevenuesMethodOfDeterminingRevenues |
|---|---|---|---|---|
| X | EQUIPMENT | 4 | 20814 | FMV |
| X | ANIMALS & BREEDING RIGHTS | 3 | 17000 | FMV & APPRAISAL |
| X | FUNDRAISING GIFTS | 61 | 11084 | FMV |
| X | SUPPLIES | 19 | 2979 | FMV |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of8283 Received | 1 | NumberOf8283Received |
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeld |
| Review Process Unusual NC Gifts | 1 | ReviewProcessUnusualNCGifts |
| Third Parties Used | 0 | ThirdPartiesUsed |
Form990 Schedule M Part II Form990ScheduleMPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | METHOD FOR DETERMINING NUMBER OF CONTRIBUTORS: | Identifier |
| Return Reference | PART I, COLUMN (B): | ReturnReference |
| Explanation | THE NUMBER OF CONTRIBUTORS REPORTED IS BASED ON THE FOLLOWING: ART - NUMBER OF ITEMS DONATED SECURITIES - NUMBER OF CONTRIBUTORS EQUIPMENT - NUMBER OF ITEMS DONATED ANIMALS & BREEDING RIGHTS - NUMBER OF ANIMALS OR BREEDING RIGHTS DONATED FUNDRAISING GIFTS - NUMBER OF ITEMS DONATED SUPPLIES - NUMBER OF ITEMS DONATED | Explanation |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (7 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| NEW PROGRAM SERVICES | FORM 990, PART III, LINE 2 | THE COLLEGE RECEIVED APPROVAL FROM THE PENNSYLVANIA DEPARTMENT OF EDUCATION FOR TWO NEW MASTER'S DEGREE PROGRAMS: MASTER OF ARTS, POLICY STUDIES AND MASTER OF ARTS, COUNSELING PSYCHOLOGY. |
| FORM 990, PART VI, SECTION A, LINE 1 | THE MEMBERSHIP OF THE EXECUTIVE COMMITTEE CONSISTS OF BETWEEN 6-8 TRUSTEES AND INCLUDES THE COLLEGE PRESIDENT, THE CHAIRPERSON OF THE BOARD AND THE VICE CHAIRPERSON OF THE BOARD PLUS OTHER TRUSTEES AS VOTED BY THE BOARD. THIS COMMITTEE MAY EXERCISE ALL THE POWERS AND THE AUTHORITY OF THE BOARD OF TRUSTEES EXCEPT FOR THE FOLLOWING: THE FILLING OF VACANCIES IN THE BOARD OF TRUSTEES, THE ADOPTION, AMENDMENT, OR REPEAL OF THE BYLAWS, THE AMENDMENT OR APPEAL OF ANY RESOLUTION OF THE BOARD OF TRUSTEES AND THE PURCHASE OR SALE OR LONG-TERM LEASING (GREATER THAN FIVE YEARS) OF ANY REAL ESTATE, OR THE PLEDGING OR MORTGAGING OF THE SAME. | |
| FORM 990, PART VI, SECTION B, LINE 11 | THE FORM 990 WILL BE REVIEWED BY THE INVESTMENT AND FINANCE COMMITTEE OF THE BOARD AND THE FORM WILL BE MADE AVAILABLE TO THE ENTIRE BOARD OF TRUSTEES PRIOR TO SUBMISSION TO THE IRS. | |
| FORM 990, PART VI, SECTION B, LINE 12C | THE CONFLICT OF INTEREST SURVEYS ARE COMPLETED ANNUALLY BY THE BOARD OF TRUSTEES AND DELAWARE VALLEY COLLEGE STAFF. THESE SURVEYS ARE REVIEWED BY SENIOR MANAGEMENT TO DETERMINE IF THERE IS ANY POTENTIAL CONFLICT OF INTEREST. IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST BY THE BOARD OF DIRECTORS AND OFFICERS, AN INTERESTED PERSON MUST DISCLOSE THE EXISTENCE OF HIS OR HER FINANCIAL INTEREST AND MUST BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE DIRECTORS AND MEMBERS OF COMMITTEES WITH BOARD DELEGATED POWERS CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT. AFTER DISCLOSURE OF THE FINANCIAL INTEREST AND ALL MATERIAL FACTS, AND AFTER ANY DISCUSSION WITH THE INTERESTED PERSON, HE/SHE SHALL LEAVE THE BOARD OR COMMITTEE MEETING WHILE THE DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON. THE REMAINING BOARD OR COMMITTEE MEMBERS SHALL DECIDE IF A CONFLICT OF INTEREST EXISTS. IF AN EMPLOYEE HAS A VESTED INTEREST IN A FIRM THAT IS DOING BUSINESS WITH THE COLLEGE, THE EMPLOYEE MUST REPORT THE INTEREST TO THE PRESIDENT AND MUST NOT REPRESENT THE COLLEGE IN TRANSACTIONS BETWEEN THE FIRM AND THE COLLEGE. NO EMPLOYEE CAN ACCEPT EMPLOYMENT IN ANY ORGANIZATION WHICH CONDUCTS BUSINESS WITH THE COLLEGE OR IS A COLLEGE COMPETITOR. FACULTY WHO TEACH PART TIME AT OTHER EDUCATIONAL INSTITUTIONS ARE NOT CONSIDERED IN VIOLATION OF THIS POLICY. VIOLATION OF THIS POLICY WILL RESULT IN DISCIPLINARY ACTION, UP TO AND INCLUDING DISCHARGE. | |
| FORM 990, PART VI, SECTION B, LINE 15 | THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES USES A COMPENSATION CONSULTANT AND INDEPENDENT COMPENSATION SURVEYS TO DETERMINE THE PRESIDENT'S COMPENSATION ANNUALLY. THE SERVICES OF THE COMPENSATION CONSULTANT WERE LAST USED IN 2010. THE EXECUTIVE COMMITTEE APPROVES THE COMPENSATION. THE EXECUTIVE COMMITTEE IS COMPRISED OF INDEPENDENT MEMBERS. COMPENSATION FOR OTHER OFFICERS AND KEY EMPLOYEES ARE GROUPED WITH ALL OTHER EMPLOYEES WHEN DETERMINING COMPENSATION. THE BOARD OF TRUSTEES APPROVES ALL EMPLOYEE COMPENSATION AND SALARY INCREASES AS PART OF THE ANNUAL BUDGET PROCESS. | |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. | |
| CHANGES IN NET ASSETS OR FUND BALANCES: | FORM 990, PART XI, LINE 5: | NET UNREALIZED LOSSES ON INVESTMENTS: -993,999. NET GAMING ACTIVITY NOT REPORTED THROUGH INCOME STATEMENT -16,350. TOTAL TO FORM 990, PART XI, LINE 5: -1,010,349. |