2013-03-13T14:07:18-05:00 2012-06-30 GRANT THORNTON LLP 2001 MARKET STREET SUITE 3100 PHILADELPHIA PA 19103 990 2011-07-01 231352668 University of the Sciences in Philadelphia % BRIGID K ISACKMAN UNIV 2155968862 600 SOUTH 43RD STREET Philadelphia PA 191044495 Thomas J Kingston 2155968862 2013-03-04 true 2155614200 2011 2016-02-25 16:41:14Z Helen Giles-Gee 600 South 43rd Street Philadelphia PA 191044495 157342676 false X www.usciences.edu X 1821 PA THE PROVISION OF EDUCATION IN HEALTH & NATURAL SCIENCES 21 21 1096 105 59453 -1062 7376198 7391410 100540053 103815146 11697561 10137096 806290 501818 120420102 121845470 25467144 27093543 0 0 51688960 51274369 0 0 2609684 35723488 36350230 112879592 114718142 7540510 7127328 313710242 309943040 131381154 129911616 182329088 180031424 X THE MISSION OF UNIVERSITY OF THE SCIENCES IN PHILADELPHIA IS TO EDUCATE STUDENTS TO BECOME LEADERS AND INNOVATORS IN THE SCIENCES, THE HEALTH PROFESSIONS, AND EMERGING RELATED DISCIPLINES. BUILDING ON OUR LEGACY AS THE NATIONS FIRST COLLEGE OF PHARMACY, WE PROVIDE EXCELLENCE IN TEACHING, RESEARCH, AND SERVICE. WE ACCOMPLISH OUR MISSION BY ACHIEVING THE FOLLOWING OBJECTIVES: OUR GRADUATES WILL HAVE THE KNOWLEDGE, SKILLS, AND VALUES TO BE SUCCESSFUL IN THEIR PROFESSIONAL CAREERS. THROUGH ACADEMIC AND PERSONAL DEVELOPMENT, OUR GRADUATES WILL GAIN THE INTELLECTUAL, CULTURAL, AND ETHICAL UNDERSTANDING AND AWARENESS NEEDED TO BECOME LEADERS AND INNOVATORS IN A GLOBAL SOCIETY. OUR STUDENTS WILL EMBRACE THE VALUE OF SERVICE. THE UNIVERSITY WILL PROMOTE THE ADVANCEMENT AND DISSEMINATION OF KNOWLEDGE THROUGH TEACHING, RESEARCH, AND SCHOLARLY ACTIVITY. THE UNIVERSITY WILL PROVIDE A STUDENT-CENTERED LEARNING AND LIVING ENVIRONMENT. THE UNIVERSITY WILL FOSTER AND CULTIVATE AN ENVIRONMENT OF RESPECT false false 35145478 0 94685659 EDUCATION RELATED EXPENSES FOR STUDENTS IN VARIOUS DEGREE SEEKING FIELDS OF STUDY. 16526528 0 0 EXPENSES RELATED TO DEAN OF STUDENTS, ADMISSIONS, REGISTRAR, COUNSELING, FINANCIAL AID, CLINIC, STUDENT ACTIVITIES AND ATHLETICS. 9111322 0 9129487 EXPENSES RELATED TO LIBRARY, WRITING CENTER, TEACHING/LEARNING CENTER, ACADEMIC COMPUTER CENTER, ANCILLARY OPERATIONS, DEANS OF PHILADELPHIA COLLEGE OF PHARMACY, MISHER COLLEGE OF ARTS & SCIENCES, SAMSON COLLEGE OF HEALTH SCIENCES, MAYES COLLEGE OF HEALTHCARE BUSINESS AND POLICY AND COLLEGE OF GRADUATE STUDIES. 27093543 27093543 0 Scholarships 4467319 0 0 Research 6220641 0 0 Other 37781503 27093543 0 98564831 true true false true false false false false true true false false false true true true false true false true false false false false false false false true true true false false false false false false false false false false true false false 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39156 Colleen Ryan 40.0 X 65552 0 43694 Russell J Digate 40.0 X 293934 0 31220 William L Ashton 40.0 X 218303 0 46291 Sara Campbell 40.0 X 213388 0 25619 Peter Miller 40.0 X 185998 0 26787 William Cunningham 40.0 X 130310 0 29958 John Masciantonio 40.0 X 132124 0 27552 John Mccaffrey 40.0 X 162681 0 24194 Suzanne Murphy 40.0 X 169996 0 30871 Cathy Poon 40.0 X 159484 0 23697 Ann Satterthwaite 40.0 X 191884 0 17514 Rodney Wigent 40.0 X 145632 0 28835 Barbara Elliot 40.0 X 156636 0 26349 Shawn Curtin 40.0 X 214877 0 20951 Lisa Lawson Gibson 40.0 X 240934 0 48789 Andrew Peterson 40.0 X 186879 0 23819 Laurie Sherwen 40.0 X 174584 0 25482 Bruce Canaday 40.0 X 201053 0 12147 Patrick Lepore 0.0 X 226460 0 12976 4166646 0 623410 87 true true false Haas Peters Construction Group Inc 306 Baltimore Ave FOLCROFT PA 19032 construction 1376623 The Star Group Voorhees Town Center 220 Laurel Ro VOORHEES NJ 08043 Marketing 886450 Posel Woodland Associates LP 212 Walnut Street PHILADELPHIA PA 19106 REAL ESTATE MGMT 740087 CVM Construction Managers Inc 400 Cresson Blvd Suite 300 PO Box OAKS PA 19456 Construction 595427 SODEXO 9801 WASHINGTON BLVD GAITHERSBURG MD 20878 FOOD MANAGER 3128997 30 2734063 4657347 282000 7391410 TUITION AND FEES 900099 94685659 94685659 SALES/ SERVICE AUXILIARY SERVICES 900099 9129487 9129487 103815146 7749338 7749338 0 0 15773 23592 21223 0 -5450 23592 18142 18142 37863741 35475983 2387758 2387758 2044 2385714 0 0 0 ACI & PARTNERSHIP REVENUE 611600 82071 39267 42804 BOOKSTORE 900099 56439 56439 MISCELLANEOUS REVENUE 900099 345166 345166 483676 121845470 103815146 59453 10579461 0 27093543 27093543 0 0 4091614 1728917 1878252 484445 0 36413062 32722968 2973964 716130 2578243 2094020 388177 96046 5279782 4089622 950747 239413 2911668 2911668 349320 349320 409237 49637 359600 106644 26060 80584 55067 55067 0 182180 182180 4300013 3046718 1001046 252249 1630924 1379881 189268 61775 2039445 1764689 170862 103894 513007 372495 138130 2382 0 3991840 2754369 958042 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false false false true 55067 55067 false SCHEDULE C, PART II-B, LINE 1I Payment to third party lobbying firm. false 154151897 702612 -1044850 5928398 147881261 135178690 482407 22189145 3698345 154151897 120599475 6786362 10115468 2322615 135178690 145712639 8994133 -30322191 3750250 34856 120599475 0.66000 0.28000 0.06000 true false 8517744 8517744 152212165 61653586 90558579 18855873 11168782 7687091 4324675 4062740 261935 107025349 0 ANNUITY LIABILITIES 313868 OTHER LIABILITIES 202599 516467 121845470 114718142 7127328 -3432607 5992385 2559778 9687106 85326935 -3432607 -60294 -3492901 88819836 33025634 33025634 121845470 87624599 87624599 27093543 27093543 114718142 SCHEDULE D, PART X The University recognizes or derecognizes a tax position based on a "more likely than not" threshold. This applies to positions taken or expected to be taken in a tax return. The University does not beleive its financial statements include any material uncertain tax positions. SCHEDULE D, PART XI, LINE 8 PENSION COST CHANGE......... $ (60,294) ANNUITY ADJUSTMENT.......... (32,091) ENDOWMENT DISTRIBUTION...... (5,900,000) -------------- Total:...................... $(5,992,385) SCHEDULE D, PART XII, LINE 2D PENSION COST CHANGE.........$(60,294) ---------- Total.......................$(60,294) SCHEDULE D, PART XII, LINE 4B SCHOLARSHIPS................. $ 27,093,543 ENDOWMENT DISTRIBUTION....... 5,900,000 Annuity Adjustment........... 32,091 ------------ TOTAL........................ $ 33,025,634 SCHEDULE D, PART XIII, LINE 4B SCHOLARSHIPS......... $ 27,093,543 ------------ TOTAL............... $ 27,093,543 true true true true true true true false false false false false false false false true false true Publication of Racially Nondiscriminatory Policy Schedule E, Part I, Line 3 AN AFFIRMATIVE ACTION STATEMENT IS CONTAINED IN ALL ADMISSIONS MATERIALS AND IN THE UNIVERSITY CATALOG. Government Assistance Schedule E, Part I, Line 6a THE UNIVERSITY OF THE SCIENCES IN PHILADELPHIA RECEIVED $2,734,063 IN GOVERNMENT GRANTS FOR THE YEAR ENDED JUNE 30, 2012. Europe (Including Iceland and Greenland) Program Services Relations Building 30436 North America Program Services relations building 14893 East Asia and the Pacific Program Services Relations Building 16219 Sub-Saharan Africa Program Services Relations Building 6892 68440 68440 false false false false true false true INSTITUTIONAL SCHOLARSHIP AWARDED 2621 27093543 FMV FINANCIAL AID Procedure for Monitoring Use of Grant Funds Inside U.S. Schedule I, Part I, Line 2 THE UNIVERSITY GRANT POLICY IS CONTAINED IN ALL ADMISSIONS MATERIAL, IN THE UNYVERSITY CATALOG, AND CAN ALSO BE FOUND ON THE UNIVERSITY'S WEBSITE. X X X true true X X X true false false false false false false false false Philip Gerbino 376421 0 11679 0 3966 0 24042 0 10381 0 426489 0 0 0 Joseph Trainor 211096 0 0 0 4248 0 19301 0 19855 0 254500 0 0 0 Patrick Lepore 226460 0 0 0 0 0 0 0 12976 0 239436 0 0 0 Russell J Digate 289644 0 0 0 4290 0 24500 0 6720 0 325154 0 0 0 William L Ashton 213672 0 3120 0 1511 0 20249 0 26042 0 264594 0 0 0 Sara Campbell 209140 0 3120 0 1128 0 18899 0 6720 0 239007 0 0 0 William Cunningham 129602 0 0 0 708 0 12191 0 17767 0 160268 0 0 0 Shawn Curtin 157119 0 57051 0 707 0 14231 0 6720 0 235828 0 0 0 Lisa Lawson Gibson 240934 0 0 0 0 0 21600 0 27189 0 289723 0 0 0 John Masciantonio 131200 0 0 0 924 0 11936 0 15616 0 159676 0 0 0 John Mccaffrey 161133 0 0 0 1548 0 13546 0 10648 0 186875 0 0 0 Suzanne Murphy 169288 0 0 0 708 0 15435 0 15436 0 200867 0 0 0 Andrew Peterson 186879 0 0 0 0 0 17099 0 6720 0 210698 0 0 0 Cathy Poon 159484 0 0 0 0 0 14630 0 9067 0 183181 0 0 0 Ann Satterthwaite 187636 0 0 0 4248 0 16545 0 969 0 209398 0 0 0 Laurie Sherwen 173876 0 0 0 708 0 15885 0 9597 0 200066 0 0 0 Rodney Wigent 145632 0 0 0 0 0 13399 0 15436 0 174467 0 0 0 Barbara Elliot 155595 0 0 0 1041 0 14449 0 11900 0 182985 0 0 0 Peter Miller 164217 0 21073 0 708 0 14887 0 11900 0 212785 0 0 0 Bruce Canaday 199578 0 0 0 1475 0 6838 0 5309 0 213200 0 0 0 PART I, LINE 1A 1. THE EXECUTIVES WILL FLY COACH AIR FOR DOMESTIC TRAVEL AND BUSINESS CLASS FOR OVERSEAS TRAVEL. 2. UPGRADES OR ENHANCEMENTS ARE NOT REIMBURSED. 3. THE EXECUTIVES MAY MAKE AIR AND OTHER TRAVEL ARRANGEMENTS THROUGH THEIR RESPECTIVE UNIVERSITY OFFICES. EVERY ATTEMPT SHOULD BE MADE TO ACQUIRE ADVANCED PURCHASE TICKETS. WHEN IT IS NECESSARY TO CHANGE AN ADVANCED PURCHASED TICKET, CHANGE FEES AND ADDITIONAL SERVICE CHARGES ARE REIMBURSABLE. TAX GROSS UP PAYMENTS ARE MADE WHEN APPLICABLE. THE UNIVERSITY PAYS A SOCIAL CLUB MEMBERSHIP FEE FOR THE PRESIDENT. THE SOCIAL CLUB MEMBERSHIP USE IS LIMITED TO UNIVERSITY BUSINESS PURPOSES. Severance Payment Schedule J, Part I, Line 4a Patrick LePore $226,460 PHILADELPHIA HIGHER EDUCATION FINANCING AUTHORITY 232243852 70917NU69 2005-01-15 40545000 REFUND ESCROWS, CONSTRUCTION & MIS false false false PENNSYLVANIA HIGHER EDUCATION FINANCING AUTHORITY 232243852 70917RQY2 2008-05-17 67400000 REDEEM PRIOR BONDS AND CREATE DEBT false false false 0 0 40545000 0 0 0 0 0 0 40545000 0 0 2005 false false true true 0 0 67400000 5408560 0 61991440 0 0 0 0 0 0 2008 true true true true false false false true true 0 0.00000 0.00000 true false false false true true 0.00000 0.00000 0.00000 true false false false 0 false false false 0 false false false false false 0 false false false 0 false false X Medical Equipment 4 282000 FMV false true false Form 990 Review Process Form 990, Part VI, Line 11b THE 990 IS PREPARED BY OUTSIDE INDEPENDENT TAX ADVISORS AND REVIEWED BY THE UNIVERSITY. IT IS REVIEWED BY THE AUDIT COMMITTEE. IT IS MADE AVAILABLE TO THE BOARD OF TRUSTEES PRIOR TO THE FILING DEADLINE. Conflict of Interest Policy Monitoring & Enforcement Form 990, Part VI, 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. 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 THE PRESIDENT. IF CONFLICTS OF INTEREST EXIST FOR OFFICERS AND KEY EMPLOYEES, THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES IS NOTIFIED AND 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 TRUSTEES, THE AUDIT COMMITTEE 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 THE 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. Process for Determining Compensation Form 990, Part VI, Line 15a PURPOSE - TO ESTABLISH THE PARAMETERS REGARDING EXECUTIVE COMPENSATION, WITH THE OBJECTIVE OF PROVIDING TOTAL COMPENSATION TO THE PRESIDENT AND HIS EXECUTIVE LEADERSHIP TEAM WHICH WILL SERVE TO MAINTAIN A COMPETITIVE MARKET POSITION AND RECOGNIZE THE ACHIEVEMENT OF ESTABLISHED FINANCIAL, QUALITY AND STRATEGIC GOALS FOR THE UNIVERSITY AND TO RECOGNIZE INDIVIDUAL PERFORMANCE, CONSISTENT WITH THE LAWS, REGULATIONS AND PRINCIPLES GOVERNING NON-PROFIT COMPENSATION. AS USED HEREIN, "EXECUTIVES" SHALL BE THE PRESIDENT'S EXECUTIVE LEADERSHIP TEAM. PROCEDURE - TO ESTABLISH A LEVEL OF COMPENSATION REQUIRED TO RECRUIT AND RETAIN EXECUTIVES, THE UNIVERSITY SHALL GIVE PRIMARY CONSIDERATION TO DATA ON EXECUTIVE COMPENSATION FOR COMPARABLE POSITIONS. AS A GENERAL RULE, "COMPARABLE POSITIONS" ARE THOSE LIKE POSITIONS WITHIN HIGHER EDUCATION THAT ARE SIMILAR TO THE UNIVERSITY IN TERMS OF REVENUE, NUMBER OF STUDENTS, SIZE OF ENDOWMENT, NUMBER OF EMPLOYEES AND/OR GEOGRAPHIC AREA. THE EXECUTIVE COMMITTEE OF THE UNIVERSITY BOARD OF TRUSTEES (EXECUTIVE COMMITTEE) SHALL APPROVE THE PRESIDENT'S COMPENSATION, INCLUDING WITHOUT LIMITATION, BASE COMPENSATION, INCENTIVE COMPENSATION, DEFERRED COPMENSATION, FRINGE AND OTHER BENEFITS. EACH EXECUTIVE COMMITTEE MEMBER VOTING ON THE PRESIDENT'S COMPENSATION ARRANGEMENT SHALL ENSURE THAT (S)HE HAS NO CONFLICT OF INTEREST, INCLUDING THAT (S)HE (A) DOES NOT ECONOMICALLY BENEFIT FROM PROPOSED EMPLOYEE; (B) DOES NOT RECEIVE COMPENSATION SUBJECT TO THE APPROVAL OF THE PROPOSED EMPLOYEE; AND (C) HAS NO MATERIAL FINANCIAL INTEREST AFFECTED BY THE TRANSACTION. THE DECISIONS OF THE EXECUTIVE COMMITTEE REGARDING THE PRESIDENT'S COMPENSATION AND THE DECISIONS OF THE PRESIDENT REGARDING THE EXECUTIVES COMPENSATION IS TO BE DOCUMENTED. THIS PROCESS WAS LAST UNDERTAKEN IN 2012. Process for Determining Compensation Form 990, Part VI, Line 15b THE PRESIDENT SHALL APPROVE ALL EXECUTIVE COMPENSATION FOR THE EXECUTIVE LEADERSHIP TEAM, WHICH SHALL INCLUDE ALL COMPENSATION COMPONENTS, INCLUDING WITHOUT LIMITATION, BASE COMPENSATION, INCENTIVE COMPENSATION, DEFERRED COMPENSATION, FRINGE AND OTHER BENEFITS. THE PRESIDENT AND THE EXECUTIVE COMMITTEE SHALL USE COMPARABILITY DATA PROVIDED BY THE UNIVERSITY'S HUMAN RESOURCES DEPARTMENT, WHICH MAY INCLUDE INDUSTRY SURVEYS, EXPERT COMPENSATION STUDIES, DOCUMENTED COMPENSATION OF PERSONS HOLDING SIMILAR POSITIONS, OR OTHER COMPARABLE DATA IN APPROVING ANY COMPENSATION CHANGES. THE PRESIDENT AND THE EXECUTIVE COMMITTEE SHALL PERIODICALLY RETAIN THE SERVICES OF A COMPENSATION CONSULTANT TO PROVIDE AN EXTERNAL ASSESSMENT OF THE UNIVERSITY'S COMPENSATION ANALYSIS. IT SHOULD BE NOTED THAT THIS INFORMATION IS USED TO ARRIVE AT A REASONABLE AND ARM'S LENGTH DETERMINATION OF TOTAL COMPENSATION. How Documents are Made Available to the Public Form 990, Part VI, Line 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC BY POSTING THE INFORMATION ON THE ORGANIZATION'S WEBSITE. Form 990, part XI, line 5 Reconcilation of net assets Net Unrealized Losses on Investments............ $ (3,432,607) Pension Cost Change............................. (60,294) Annuity Adjustment............................. (32,091) Endowment Distribution......................... (5,900,000) ------------ Total: $ (9,424,992) KINGSESSING REALTY LLC 600 SOUTH 43RD STREET PHILADELPHIA PA 19104 233067213 PARTNERSHIP PA -17584 -3745 NA