2012-05-14T14:54:20-05:00 2011-06-30 MARCUM LLP 3 BALA PLAZA EAST 700 BALA CYNWYD PA 190043492 990 2010-07-01 231409675 EASTERN UNIVERSITY EAST 6103415922 1300 EAGLE ROAD ST DAVIDS PA 190873696 PAULINE W BEROL 6103415922 2012-05-14 1 ARTHUR M SCHERR 4842702500 2010 2016-02-24 21:20:13Z J PERNELL JONES 1300 EAGLE ROAD ST DAVIDS PA 19087 101515756 0 X WWW.EASTERN.EDU X EDUCATIONAL SERVICES - UNIVERSITY 1952 PA EDUCATIONAL SERVICES 39 38 1934 0 847419 0 16795285 7734253 74385062 78773127 1033197 2249890 2407700 2891095 94621244 91648365 25129648 23837675 0 0 36412057 37603686 0 65849 1736883 23785983 25867350 85327688 87374560 9293556 4273805 106170626 107352913 48186345 45758766 57984281 61594147 X EASTERN UNIVERSITY IS A CHRISTIAN UNIVERSITY DEDICATED THROUGH TEACHING AND LEARNING, SCHOLARSHIP, SERVICE, SPIRITUAL FORMATION, STUDENT DEVELOPMENT AND STEWARDSHIP TO THE PREPARATION OF UNDERGRADUATE,THEOLOGICAL AND GRADUATE STUDENTS FOR THOUGHTFUL AND PRODUCTIVE LIVES OF CHRISTIAN FAITH, LEADERSHIP AND SERVICE. ACHIEVEMENT OF THAT MISSION REQUIRES THAT THE UNIVERSITY MANAGE, EFFECTIVELY AND JUSTLY, THE RESOURCES WITH WHICH IT IS ENTRUSTED AND THAT STUDENTS APPROPRIATE AND GIVE WITNESS TO A CHRISTIAN WORLD VIEW THROUGH ACTION AND VOICE; ADVANCE CRITICAL THINKING, REFLECTION, ANALYSIS AND COMMUNICATION SKILLS; DEVELOP INTELLECTUAL CURIOSITY, PASSION AND AGILITY; DEMONSTRATE KNOWLEDGE AND COMPETENCIES IN THE ARTS, SCIENCES AND PROFESSIONS; ASSUME RESPONSIBILITY FOR JUSTICE, ESPECIALLY SOCIAL, POLITICAL AND ECONOMIC JUSTICE; ASSUME RESPONSIBILITY FOR GODLY STEWARDSHIP OF ALL RESOURCES; DISCERN THE ETHICAL CONSEQUENCES OF DECISIONS AND ACTIONS. 0 0 47894999 20336855 50548358 INSTRUCTION - INCLUDES COST OF WAGES AND EXPENSES FOR ALL EDUCATIONAL AS WELL AS SUMMER AND INTERIM PROGRAMS. 5187712 5330076 ACADEMIC SUPPORT - INCLUDES COST OF LIBRARY, ACADEMIC DEAN, TREASURER'S AND BUSINESS OFFICE AND EXECUTIVE MANAGEMENT. 10393312 10678531 STUDENT SERVICES - INCLUDES COST OF REGISTRARS, FINANCIAL AID, ADMISSIONS, DEAN OF STUDENTS, HEALTH & INFIRMARY, ATHLETICS AND STUDENT GOVERNMENT ASSOCIATION. 8825111 3500820 92977795 AUXILIARY ENTERPRISES - PROVIDE ROOM AND BOARD AND OTHER SERVICES TO STUDENTS. 8825111 3500820 92977795 72301134 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 1 1 1 0 0 1 1 0 0 1 1 1 1 0 0 0 0 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 1 219 0 1934 1 1 1 0 0 0 0 0 0 0 0 0 X 39 38 1 0 0 0 0 0 0 1 1 0 1 1 1 1 1 1 1 1 1 0 0 PA X EASTERN UNIVERSITY 6103415800 1300 EAGLE ROAD ST DAVIDS PA 19087 DAVID BLACK 40.00 X X 200023 0 86237 DR STACEY R SAUCHUK X 0 0 0 HON LOUISE WILLIAMS BISHOP X 0 0 0 JOHN W BOYER JR X 0 0 0 MARJEAN B BRAUCH X 0 0 0 DELORES BRISBON X 0 0 0 JACOB CHATMAN X 0 0 0 STEVE CLEMENS X 0 0 0 REV DANNY CORTES X 0 0 0 REV ALBERT G DAVIS JR X 0 0 0 DR REV RICHARD A DENT X 0 0 0 RONALD B EVANS X 0 0 0 E SHEPARD FARRAR X 0 0 0 REV DR W WILSON GOODE SR X 0 0 0 W DONALD GOUGH X 0 0 0 ELEANORE V GUZEWICZ X 0 0 0 ARTHUR W HILL X 0 0 0 JOHN C HONOR JR X 0 0 0 LUCY HUFF X 0 0 0 TERESA KLAASSEN X 0 0 0 CHERYL R LOMBARD X 0 0 0 RICHARDSON T MERRIMAN X 0 0 0 STEVE O'HEARN X 0 0 0 CHARLES A OLSON III X 0 0 0 THOMAS M PETRO X 0 0 0 JANIS PLOSTNIEKS X 0 0 0 JAMES H ROGERS X 0 0 0 DR RICHARD E RUSBULDT X 0 0 0 GEORGE TORGGLER X 0 0 0 MALCOLM STREET X 0 0 0 JOHN SUNDQUIST X 0 0 0 DENNIS TANNER PHD X 0 0 0 JOHN M TEMPLETON JR MD X 0 0 0 F ARDELL THOMAS MD X 0 0 0 WALLACE WADMAN X 0 0 0 REV DR ALYN E WALLER X 0 0 0 KELLY WILBRAHAM X 0 0 0 MAURICE C WORKMAN X 0 0 0 ALJIT JOY X 0 0 0 WESLEY BRYAN 40.00 X 136931 0 13680 RICHARD EISENSTAEDT 40.00 X 165451 0 10364 THOMAS RIDINGTON 40.00 X 129609 0 17914 CHRISTOPHER HALL 40.00 X 121136 0 20854 PAULINE BEROL 40.00 X 89821 0 14985 DAVID KING 40.00 X 127222 0 20292 DEREK RITCHIE 40.00 X 110908 0 19020 DIANNA BACCI 40.00 X 123974 0 19851 BETTY ANN BRIGHAM 40.00 X 111860 0 9427 1316935 0 232624 18 0 1 0 EBENEFITS PARTNERS LLC 3000 ATRIUM WAY MT LAUREL NJ 08057 BENEFITS BROKER 4184920 SODEXO PO BOX 905374 CHARLOTTE NC 28290 FOOD SERVICES 2756477 ARTHUR JACKSON AND COMPANY 7025 WEST CHESTER PIKE UPPER DARBY PA 19082 CLEANING SERVICES 716212 TRAVELERS INSURANCE PO BOX 660317 DALLAS TX 75266 INSURANCE 403638 UNITED HEALTH CARE 5901 LINCOLN DRIVE EDINA MN 55436 INSURANCE 320980 11 213712 1158705 6361836 131725 7734253 TUITION & FEES 611600 67933499 67933499 ROOM CHARGES 611600 6034028 6034028 DINING HALL CHARGES 611600 4708734 4708734 BOOK STORE 611600 96866 96866 78773127 1035022 1035022 561233 561233 0 0 10307314 9092446 1214868 1214868 1214868 213712 213712 0 UNREALIZED GAIN ON INV 900099 1665586 1665586 CONFERENCES 721310 768147 768147 GAIN PROPERTY SALE 900099 235693 235693 221669 142397 79272 2891095 91648365 69977175 847419 13089518 23837675 23837675 1023455 228716 548361 246378 29313270 25084838 3567021 661411 1730865 839260 853838 37767 3554905 1532908 1944480 77517 1981191 1005485 932516 43190 71580 13251 58329 88395 2195 86200 65849 65849 88307 88307 2181677 1577477 591368 12832 904074 859082 31559 13433 3073865 1663951 1201905 208009 303263 282535 2814 17914 3739789 2511577 1218925 9287 1011428 842531 87596 81301 220958 173650 34923 12385 1748996 1418536 330460 2350871 2350871 3236844 2672559 564285 311532 38954 272578 FOOD SERVICE & DINING H 2749464 2718269 25807 5388 MISCELLANEOUS 1328218 323626 767422 237170 BOOKS, MAGAZINES, LIBRA 1159534 1151631 7233 670 BAD DEBTS 964560 964560 EQUIPMENT RENTAL AND MA 333995 206997 120616 6382 87374560 72301134 13336543 1736883 19411710 19898988 311685 336824 4898949 2931853 1453789 1550962 836089 1058510 108469134 49007687 61695572 59461447 10437787 11592848 4795978 8642863 464871 424378 1864196 1454240 106170626 107352913 5709102 4287766 3476326 2797305 32922116 31861386 4989178 4855021 1089623 1957288 48186345 45758766 X 38212728 38472804 2892015 3684598 16879538 19436745 57984281 61594147 106170626 107352913 X 4273805 -663939 X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 17551664 1588635 2963323 304878 144063 88307 21566374 11313634 4770601 1856805 168629 127211 93536 17551664 12721440 861454 -1712931 265854 197569 92906 11313634 0.10000 0.90000 1 0 3500000 8364670 11864670 74146070 30155027 43991043 287133 95136 191997 16049067 13376824 2672243 6122194 5380700 741494 59461447 MONEY MARKET FUNDS 5917955 F FIXED INCOME INVESTMENTS 2724908 F 8642863 ANNUITIES PAYABLE 1089049 STUDENT DEPOSITS 204300 ADVANCES FROM FEDERAL GOVT FOR STUDENT LOANS 663939 1957288 91648365 87374560 4273805 0 4273805 92161281 40000 561223 601223 91560058 88307 88307 91648365 87887476 40000 561223 601223 87286253 88307 88307 87374560 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: ENDOWMENT FUNDS ARE INTENDED TO EARN INVESTMENT INCOME AND TO FUND FUTURE OPERATIONS. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE UNIVERSITY IS A NOT-FOR-PROFIT ORGANIZATION THAT IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. UNRELATED BUSINESS NET INCOME, IF ANY, EARNED BY THE UNIVERSITY IS SUBJECT TO FEDERAL INCOME TAX. THERE WAS NO PROVISION FOR INCOME TAXES REQUIRED FOR THE FISCAL YEAR. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE THE UNIVERSITY'S MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE UNIVERSITY AND RECOGNIZE A TAX ASSET OR LIABILITY IF THE UNIVERSITY HAS TAKEN AN UNCERTAIN TAX POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE UNIVERSITY AND HAS CONCLUDED THAT AS OF JUNE 30, 2011, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF AN ASSET OR LIABILITY OR DISCLOSURE IN THE FINANCIAL STATEMENTS. PART XII LINE 2B AND PART XIII LINE 2A: DONATED SERVICES ARE FOR PROFESSIONAL SERVICES. PART XII LINE 2D AND PART XIII LINE 2D: RENTAL EXPENSES DIRECTLY RELATED TO RENTAL INCOME RECEIVED. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION SCHEDULE E, PART I, LINE 3 INSTITUTION'S RACIAL NONDISCRIMINATORY POLICY IS PUBLICIZED THROUGH THE INSTITUTION'S WEBSITE. EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE SCHEDULE E, PART I, LINE 6 FEDERAL FUNDS ARE RECEIVED FOR STUDENT TUITION CENTRAL AMERICA & CARIBBEAN 0 0 PROGRAM SERVICES EDUCATION 107108 EAST ASIA & PACIFIC 0 0 PROGRAM SERVICES EDUCATION 117058 EUROPE 0 0 PROGRAM SERVICES EDUCATION 391520 MIDDLE EAST & NORTH AFRICA 0 0 PROGRAM SERVICES EDUCATION 81866 NORTH AMERICA 0 0 PROGRAM SERVICES EDUCATION 50976 SUB-SAHARAN AFRICA 0 0 PROGRAM SERVICES EDUCATION 257483 SOUTH AMERICA 0 0 PROGRAM SERVICES EDUCATION 45298 0 0 0 0 0 0 1051309 0 1051309 0 0 0 0 0 0 X 0 MARTS & LUNDY 1200 WALL STREET WEST LYNDHURST NJ 07071 CAPITAL CAMPAIGN 0 0 65849 -65849 65849 -65849 GOLF EVENT 213712 213712 89609 213712 213712 89609 89609 124103 1 CHESTNUT HILL COLLEGE 9601 GERMANTOWN AVE PHILADELPHIA PA 19118 231352626 146000 TEACHING 1 SCHOLARSHIPS AND GRANTS TO STUDENTS FOR EDUCATIONAL PROGRAMS AT THE UNIVERSITY. 4000 23837675 NA PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: GRANTS ARE AWARDED TO INDIVIDUALS BASED ON COMPLIANCE WITH ELIGIBLITY REQUIREMENTS. AWARD GRANT AND ASSISTANCE AMOUNTS ARE APPLIED BY THE UNIVERSITY TO THE STUDENT TUITION BILLING. X 1 1 X X X 0 0 0 0 0 0 0 0 0 DAVID BLACK 200023 0 0 0 0 0 61591 0 24646 0 286260 0 269404 0 WESLEY BRYAN 136931 0 0 0 0 0 0 0 13680 0 150611 0 142614 0 RICHARD EISENSTAEDT 165451 0 0 0 0 0 0 0 10364 0 175815 0 152053 0 DELAWARE COUNTY AUTHORITY 231973437 245913000 2006-10-26 16000000 CONSTRUCTION 0 0 0 15696624 985505 583215 14906634 2008 0 0 1 1 0 0 0 0 0.02740 0.02740 1 0 0 0 1 CITIGROUP 9272021.000000000000 1 0 0 RELATED TO SUBSTANTIAL CONTRIBUTOR RELATED TO SUBSTANTIAL CONTRIBUTOR $13,045 S CORTES FAMILY MEMBER 50895 EMPLOYMENT COMPENSATION 0 E MERRIMAN FAMILY MEMBER 22147 EMPLOYMENT COMPENSATION 0 P MUGRIDGE FAMILY MEMBER 78993 EMPLOYMENT COMPENSATION 0 0 0 X 7 131725 FAIR MARKET VALUE 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 T. PETRO, BOARD MEMBER, AND RICHARD EISENSTADT OFFICER, HAVE A BUSINESS RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11 PRIOR TO FILING THE FORM 990, THE RETURN IS REVIEWED BY THE TREASURER (CHAIR OF THE FINANCE AND PROPERTY COMMITTEE), THE CHAIR OF THE AUDIT SUB-COMMITTEE, THE ASSISTANT TREASURER AND THE INDEPENDENT CERTIFIED PUBLIC ACCOUNTING FIRM ENGAGED TO PREPARE THE RETURNS. THE FORM 990 IS DISTRIBUTED IN ELECTRONIC FORM TO THE ENTIRE BOARD OF TRUSTEES PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS INCLUDED IN THE EMPLOYEE HANDBOOK OF THE UNIVERSITY, AND IT IS MONITORED AND ENFORCED BY DEPARTMENTAL AND/OR DIVISIONAL MANAGERS. PART VI, SECTION B, LINE 12B- PRIOR TO THE FILING OF THE RETURNS, OFFICERS, TRUSTEES AND KEY EMPLOYEES WERE REQURIED TO DISCLOSE INTERESTS THAT COULD GIVE RISE TO CONFLICTS AND ANNUAL DISCLOSURE WILL BE REQUIRED IN THE FUTURE. FORM 990, PART VI, SECTION B, LINE 15A THE COMPENSATION FOR THE PRESIDENT IS ESTABLISHED BY THE EXECUTIVE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES AND THE PROCESS WAS LAST UNDERTAKEN IN 2010. THE COMMITTEE REVIEWS MARKET DATA AS TO COMPENSATION LEVELS FOR COMPARABLE POSITIONS AT SIMILAR ORGANIZATIONS, AND IT MAINTAINS MINUTES OF ITS MEETINGS. PART VI SECTION B, LINE 13- A WHISTELBLOWER POLICY WAS APPROVED BY THE BOARD OF TRUSTEES IN FEBRUARY 2010. FORM 990, PART VI, SECTION C, LINE 19 AVAILABLE UPON REQUEST CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: PRIOR PERIOD ADJUSTMENT - CHANGE IN DEFERRED REVENUE -663,939. TOTAL TO FORM 990, PART XI, LINE 5: -663,939. PART XI LINE 5 - A PRIOR PERIOD ADJUSTMENT TO REFLECT THE FEDERAL GOVERNMENT PORTION OF PERKINS LOANS OUTSTANDING AS A LIABILITY OF EASTERN UNIVERSITY. THIS AMOUNT HAD PREVIOUSLY BEEN REFLECTED IN THE PERMANENTLY RESTRICTED NET ASSET BALANCE.