2012-05-15T09:33:14-04:00 2011-06-30 GRANT THORNTON LLP 2001 MARKET STREET SUITE 3100 PHILADELPHIA PA 19103 990 2010-07-01 516000297 UNIVERSITY OF DELAWARE UNIV 3028318964 VP FOR FINANCE ADMIN 220 Hullihe NEWARK DE 19716 JENNIFER W DAVIS 2012-05-15 true 2155614200 2010 2016-02-24 21:20:13Z PATRICK T HARKER 104A HULLIHEN HALL NEWARK DE 19716 4410709338 false X WWW.UDEL.EDU X 1833 DE INSTRUCTION, RESEARCH, AND PUBLIC SERVICE ARE THE MOST SIGNIFICANT ACTIVITIES. 32 31 14068 31 4599112 -500700 160765463 155454131 675615436 723013805 14129303 56892686 25182567 37728047 875692769 973088669 90894748 101398659 0 0 482242349 499382808 0 0 7836160 283769249 301286199 856906346 902067666 18786423 71021003 2337339504 2739095521 617699213 736113234 1719640291 2002982287 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 and social knowledge for the benefit of the larger society. Founded in 1743 and chartered by the state in 1833, the University of Delaware today is a lanD-grant, sea-grant, space-grant, and urban-grant university. The University of Delaware is a major research university with extensive graduate programs that is also dedicated to outstanding undergraduate and professional education. University faculty is committed to the intellectual, cultural, and ethical development of students as citizens, scholars and professionals. University graduates are prepared to contribute to a global society that requires leaders with creativity, in false false 447014914 101398659 385052889 INSTRUCTION AND DEPARTMENTAL RESEARCH - STUDENT ENROLLMENT DURING PERIOD WAS 21,000 130917415 165951476 SPONSORED RESEARCH 95462526 99519353 AUXILIARY ENTERPRISES 60398368 9724891 ACADEMIC SUPPORT 43327711 15366897 EXTENSION AND PUBLIC SERVICE 28797296 STUDENT SERVICES 132523375 25091788 805918230 true true false true false true false true true true true true false false true true false true true true true false false true true false false false true true true false false false false false false true true true true true true false false true true true false false false true 2551 0 true 14068 true true true true FR UK SP false true true false true true true 3 false false false X 32 31 true false true false false true false true true false false true true true true true true true true true false DE X AMY CONNELL-CONTROLLER 3028312175 UNIVERSITY OF DE 220 HULLIHEN HALL NEWARK DE 19716 Tony Allen 1.0 X 0 0 0 GRACE BENNETT 1.0 X 0 0 0 JAMES C BOREL 1.0 X 0 0 0 THOMAS J BURNS 1.0 X 0 0 0 IRWIN G BURTON III 1.0 X 0 0 0 RRM CARPENTER III 1.0 X 0 0 0 Allison Burris Castellanos 1.0 X 0 0 0 WILLIAM B CHANDLER III 1.0 X 0 0 0 JOHN R COCHRAN 2.0 X 0 0 0 HOWARD E COSGROVE 2.0 X 0 0 0 ROBERT A FISCHER 2.0 X 0 0 0 MICHAEL S GELTZEILER 1.0 X 0 0 0 STUART M GRANT 1.0 X 0 0 0 T HENLEY GRAVES 1.0 X 0 0 0 TERI QUINN GRAY 1.0 X 0 0 0 SCOTT A GREEN 1.0 X 0 0 0 PATRICK T HARKER 55.0 X X 698798 0 75627 TERRI KELLY 1.0 X 0 0 0 DENNIS E KILMA 1.0 X 0 0 0 CAREY M KOPPENHAVER 1.0 X 0 0 0 JACK A MARKELL 1.0 X 0 0 0 CYNTHIA PRIMO MARTIN 1.0 X 0 0 0 WILLIAM H NARVEL 1.0 X 0 0 0 CHRISTOPHER H SCHELL 1.0 X 0 0 0 A GILCHRIST SPARKS 6.0 X 0 0 0 EVERETT C TOOMEY 1.0 X 0 0 0 H WESLEY TOWERS JR 1.0 X 0 0 0 P COLEMAN TOWNSEND JR 2.0 X 0 0 0 SHERMAN L TOWNSEND 2.0 X 0 0 0 JOHN E WALLACE JR 1.0 X 0 0 0 KENNETH C WHITNEY 1.0 X 0 0 0 MARY JANE WILLIS 1.0 X 0 0 0 SCOTT R DOUGLASS 55.0 X 410959 0 40117 MONICA TAYLOR 55.0 X 302141 0 33315 PIERRE D HAYWARD 55.0 X 268790 0 41133 Thomas M Apple 55.0 X 378901 0 40192 NANCY BRICKHOUSE 55.0 X 154585 0 27175 JENNIFER W DAVIS 55.0 X 226929 0 37680 MICHAEL A GILBERT 55.0 X 219347 0 37470 Carl W Jacobson 55.0 X 232584 0 43111 SUZANNE AUSTIN 55.0 X 332987 0 42387 MICHAEL CHAJES 55.0 X 262014 0 47964 KATHLEEN MATT 55.0 X 270743 0 46075 ROBIN MORGAN 55.0 X 239532 0 40042 NANCY TARGETT 55.0 X 222010 0 40820 GEORGE WATSON 55.0 X 294600 0 39023 CONRADO M GEMPESAW III 55.0 X 271687 0 46639 MARK A BARTEAU 55.0 X 329702 0 53091 DAVID L BROND 55.0 X 230818 0 42500 BERNARD MUIR 55.0 X 325889 0 43777 DAVID SINGLETON 55.0 X 155394 0 28512 PATRICIA PLUMMER WILSON 55.0 X 220995 0 37191 LAWRENCE WHITE 55.0 X 265952 0 30932 MARGARET ANDERSON 55.0 X 240592 0 41265 HAVIDAN RODRIGUEZ 55.0 X 272738 0 43752 MARK STALNECKER 55.0 X 319692 0 33068 TSU-WEI CHOU 55.0 X 343495 0 46305 KURT C KEELER 55.0 X 317888 0 73945 DANIEL RICH 55.0 X 370258 0 54171 DONALD LEWIS SPARKS 55.0 X 323422 0 42604 GEORGE HADJIPANAYIS 55.0 X 334097 0 49812 DAVID P ROSELLE X 85835 0 0 MAXINE R COLM X 103260 0 21230 MICHAEL GAMEL-MCCORMICK X 190483 0 37718 ROBERT M SPECTER X 261035 0 42137 9478152 0 1400780 773 true true false ARAMARK 1101 Market Street ARAMARK TOWER PHILADELPHIA PA 19107 DINING SERVICES 29045784 Ayers Saint Gross Inc 1040 Hull Street BALTIMORE MD 21230 architect 10321292 WHITING-TURNER CONTRACTING COMPANY 131 CONTINENTAL DRIVE SUITE 404 NEWARK DE 19713 CONSTRUCTION SITEWRK 5267122 DELL MARKETING LP ONE DELL WAY ROUND ROCK TX 78682 COMPUTERS 3554170 CLARK COMPANIES 41155 STATE HIGHWAY 10 DELHI NY 13753 CONSTRUCTION 3424635 250 88891 7500000 117217896 30647344 791005 155454131 TUITION AND FEES 900099 421013150 421013150 SALES & SERVICE OF EDUCATIONAL ACTIVITIES 900099 10388252 9860737 527515 SALES & SERVICE OF AUXILIARY ACTIVITIES 900004 101902284 97558950 4343334 SALES & SERVICES OF CONTRACTS AND OTHER EXCHANGE 900004 175150906 175150906 SALES & SERVICES OF OTHER CONTRACTS SOURCES 900004 14559213 14356684 202529 723013805 22201997 -665650 22867647 0 311285 311285 3462999833 9128234 3437437378 25562455 9128234 34690689 567596 34123093 120636 88891 183291 -62655 -62655 0 0 INTRA UNIVERSITY REVENUE 900099 26887039 26887039 INCOME FROM AFFILIATE 721110 4015549 4329106 -313557 PLANT INVENTORY ADJUSTMENT 369674 369674 6207155 6207155 37479417 973088669 756044686 4599112 56990740 0 101398659 101398659 0 0 10914341 5956036 4582439 375866 455778 455778 354549081 323293633 27687015 3568433 34112280 30220088 3492499 399693 77015285 67489953 8587608 937724 22336043 19670523 2399928 265592 0 3962372 3962372 331284 331284 410255 410255 0 3487201 3487201 61485803 54853396 6028596 603811 1409081 1239518 158207 11356 50932613 44142302 5369886 1420425 24904388 10456970 14404331 43087 120105 77332 42773 60490223 59554422 925034 10767 20764297 20042799 575898 145600 0 3145667 2614467 492469 38731 14396765 14360392 36373 0 51322181 47198703 4123478 3397257 1851163 1531019 15075 LOSS ON DISPOSALS 1184421 1042096 142325 ENDOWMENT COMMISSIONS & FEES 2556167 2556167 INDEPENDENT OPERATIONS -2815110 -2815110 UNAMORTIZED BOND ISSUE COSTS 49612 49612 PAY ANNUITANTS -238055 -238055 -10328 -10328 902067666 805918230 88313276 7836160 67704 71392 52217935 152589858 45773547 47163418 11366082 24700520 169861 89925 511277 934455 1320216 1279637 1797580938 729722507 970973754 1067858431 856153878 958364972 381913065 468829854 15376932 14719339 1495253 2493720 2337339504 2739095521 320290841 316159015 14806579 14903164 6993842 8077848 239719454 360478487 11647114 10568460 24241383 25926260 617699213 736113234 X 958025187 1117092933 454691674 566293686 306923430 319595668 1719640291 2002982287 2337339504 2739095521 X 71021003 212320993 X false true true X true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false true false true false false true 371528 false true 38727 410255 false SCHEDULE C, PART II-B, LINES 1B, 1D, & 1G A portion of both the University's Director of State Governmental Relations (55%) and THE UNIVERSITY'S DIRECTOR OF Federal Governmental Relations (33%) 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 1550 33200 true true 163100 8871575 X X X X false true 36251 112630414 111832812 833853 false 927530379 4906552 198284273 5378147 38524209 9181000 1077637848 859958677 6195841 115847859 5556918 40682080 8233000 927530379 1131736776 6463696 -215928929 6902533 47256333 8154000 859958677 0.28118 0.71882 false false 93799601 93799601 1162413108 443194887 719218221 15003515 4419366 10584149 410195606 282108254 128087352 116169108 116169108 1067858431 LIMITED PARTNERSHIPS 429957800 F FUNDS HELD IN TRUST BY OTHERS 31736676 F MORTGAGES 5783266 F REAL ESTATE 850000 F INSURANCE 502112 F 468829854 0 STUDENT DEPOSITS 1020791 ASSET RETIREMENT OBLIGATION 20184451 ANNUITY & LIFE INCOME FUNDS PA 4721018 25926260 973088669 902067666 71021003 180741119 31579874 212320993 283341996 1060601186 180741119 -93228602 87512517 973088669 973088669 777259190 777259190 124808476 124808476 902067666 PART III, LINE 4 The University Museums seeks 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 $ 659,957 EXTERNAL FINANCIAL AID 187,446 STUDENT GROUPS (49,799) ---------- 797,604 PART IV, LINE 1B 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. With some organizations, the University is requested to provide payroll services to permanent employees of the organization, or casual or student wages. 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 University has taken an uncertain tax position that more Likely than not would not be sustained upon examination by the IRS. Management has analyzed the tax positions taken by the University, And has concluded that 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 8 Change in the unrecognized net loss of the accumulated benefit retirement obligation: $31,579,874 PART XII, LINE 2D Decrease in postretirement obligation: $ 31,579,874 Reclassification of Expense: $ 457,714 Intra- University Revenue: $(26,887,039) Tuition Scholarships: $(98,379,151) ------------- $(93,228,602) PART XIII, LINE 4B Reclassification of Expense: $ (457,714) Intra-University Revenue: $26,887,039 Tuition Scholarships: $98,379,151 ----------- $124,808,476 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, OR DISABILITY 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 STUDENT FINANCIAL AID PROGRAMS: FEDERAL PELL, FSEOG, FEDERAL WORK STUDY, ACADEMIC COMPETITIVENESS GRANT (ACG), NATIONAL SMART GRANT, FEDERAL PERKINS LOAN AND FEDERAL STAFFORD LOAN PROGRAMS. true Europe (Including Iceland and Greenland) 2 2 Program Services ACADEMIC SUPPORT 647616 Middle East and North Africa 1 Program Services OFF CAMPUS TRAINING 102346 Central America and the Caribbean Investments 9588260 Europe (Including Iceland and Greenland) Investments 4719905 2 3 2 3 15058127 15058127 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. X false HITCHEN'S GOLF 40235 21385 18850 5789 5240 9663 3415 LACROSS GOLF 22075 22075 1876 6011 2104 4117 5 147216 67506 79710 15531 91501 31983 6062 209526 88891 120635 23196 102752 43750 13594 183292 -62657 true UNIVERSITY OF DELAWARE SCHOLARSHIPS FOR STUDENTS 4405 22300827 FAIR VALUE SCHOLARSHIPS DELAWARE NEED BASED GRANTS 1695 6713836 FAIR VALUE FINANCIAL AID ATHLETIC SCHOLARSHIPS 1013 8612659 FAIR VALUE SCHOLARSHIPS UNIVERSITY ENDOWMENT SCHOLARSHIPS 1242 3145928 FAIR VALUE SCHOLARSHIPS DELAWARE MERIT SCHOLARSHIPS 219 578994 FAIR VALUE MERIT SCHOLARSHIPS Graduate Student Scholarships 6626 54290929 FAIR VALUE SCHOLARSHIPS Graduate Student Fellowships 542 2375154 FAIR VALUE FELLOWSHIPS University Gift Scholarships 156 1758022 FAIR VALUE SCHOLARSHIPS Other Scholarships and Grants 1007 1622308 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 our University's ERP system. Disbursement of funds are controlled by donor and institutional criteria that is monitored by both the system and 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 X X false true false true false false false true false PATRICK T HARKER 645528 0 0 0 53270 0 26950 0 50986 0 776734 0 SCOTT R DOUGLASS 386143 0 0 0 24816 0 26950 0 13813 0 451722 0 MONICA TAYLOR 263407 0 20000 0 18734 0 26950 0 7104 0 336195 0 PIERRE D HAYWARD 260019 0 0 0 8771 0 27926 0 13760 0 310476 0 Thomas M Apple 375401 0 0 0 3500 0 26950 0 14045 0 419896 0 MARK A BARTEAU 329702 0 0 0 0 0 36359 0 17794 0 383855 0 NANCY BRICKHOUSE 154585 0 0 0 0 0 17113 0 10568 0 182266 0 DAVID L BROND 208818 0 0 0 22000 0 25553 0 17598 0 273969 0 JENNIFER W DAVIS 210429 0 0 0 16500 0 25147 0 14607 0 266683 0 MICHAEL A GILBERT 200947 0 0 0 18400 0 24228 0 13763 0 257338 0 Carl W Jacobson 225384 0 0 0 7200 0 25275 0 18385 0 276244 0 BERNARD MUIR 304389 0 18000 0 3500 0 26950 0 17216 0 370055 0 DAVID SINGLETON 133394 0 0 0 22000 0 17233 0 11703 0 184330 0 PATRICIA PLUMMER WILSON 218414 0 0 0 2581 0 24024 0 13834 0 258853 0 LAWRENCE WHITE 243952 0 0 0 22000 0 26950 0 4546 0 297448 0 SUZANNE AUSTIN 307031 0 0 0 25956 0 20200 0 22734 0 375921 0 MICHAEL CHAJES 262014 0 0 0 0 0 28764 0 19905 0 310683 0 KATHLEEN MATT 270743 0 0 0 0 0 26950 0 19538 0 317231 0 ROBIN MORGAN 239532 0 0 0 0 0 26200 0 14534 0 280266 0 NANCY TARGETT 222010 0 0 0 0 0 24157 0 17318 0 263485 0 GEORGE WATSON 294600 0 0 0 0 0 32120 0 7641 0 334361 0 MARGARET ANDERSON 240592 0 0 0 0 0 26523 0 15432 0 282547 0 HAVIDAN RODRIGUEZ 250291 0 0 0 22447 0 26950 0 17492 0 317180 0 MARK STALNECKER 224690 0 73002 0 22000 0 26950 0 6818 0 353460 0 TSU-WEI CHOU 321495 0 0 0 22000 0 36637 0 10372 0 390504 0 KURT C KEELER 292788 0 0 0 25100 0 26950 0 47775 0 392613 0 DANIEL RICH 348258 0 0 0 22000 0 39799 0 14995 0 425052 0 DONALD LEWIS SPARKS 323422 0 0 0 0 0 35309 0 8059 0 366790 0 MAXINE R COLM 81405 0 0 0 21855 0 9674 0 11838 0 124772 0 MICHAEL GAMEL-MCCORMICK 190483 0 0 0 0 0 20911 0 17413 0 228807 0 ROBERT M SPECTER 251792 0 0 0 9243 0 26950 0 15740 0 303725 0 GEORGE HADJIPANAYIS 334097 0 0 0 0 0 36570 0 13956 0 384623 0 CONRADO M GEMPESAW III 249687 0 0 0 22000 0 28622 0 24088 0 324397 0 DAVID P ROSELLE 0 0 85835 0 0 0 0 0 0 0 85835 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 criteria 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 in the amount of $27,323. 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 $10,780. 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 4B David P. Roselle, the University's former president, received $85,835 in deferred compensation during the current fiscal year. PART I, LINE 5A The University's Chief Investment Officer, a key employee, received a bonus payment of $73,002 which is partially based upon the performance of the University's investment portfolio. This type of compensation is subject to the University's Executive Compensation process which ensures that the amount of total compensation is fair and reasonable. PART I, LINE 7 Certain University officers received bonus payments totaling $38,000, which are based upon achieving documented goals. This type of compensation is pursuant to the University's Executive Compensation process which ensures that the amount of total compensation is fair and reasonable. UNIVERSITY OF DELAWARE 516000297 91425MAY3 2004-04-08 53457434 SEE SCHEDULE O false false false UNIVERSITY OF DELAWARE 516000297 91425MAZ0 2005-07-14 49945000 SEE SCHEDULE O false false false UNIVERSITY OF DELAWARE 516000297 91425MBD8 2009-03-17 71310000 SEE SCHEDULE O false false false UNIVERSITY OF DELAWARE 516000297 91425MBW6 2009-12-17 70107432 SEE SCHEDULE O false false false 54590166 8536682 366674 44554078 2005 true false true true 51410087 12855147 337595 36752258 2006 false true true true 71310000 70875000 435000 2009 true false true true 70107432 69614792 492640 2010 true false true true false false false false true true false false false false true true false false false false true true false false false false true true false true true MORGAN STANLEY 30.6 false false true false true true MORGAN STANLEY 30.3 false false true false true true MORGAN STANLEY 28.6 false false true false false false false false true SEE SCHEDULE O for detail disclosures related to the tax exempt bonds 10718 Scholarships 46719 TUITION PATRICK T HARKER UNIVERSITY PRESIDENT 2696151 PEPCO UTILITY PAYMENTS false PATRICK T HARKER UNIVERSITY PRESIDENT 484093 CHRISTIANA CARE PAYMENTS false PIERRE D HAYWARD VP & UNIVERSITY SECRETARY 205214 WINTERTHUR PAYMENTS false DAVID SINGLETON VP FACILITIES & AUX SRV 2070193 BPG ASSOC LLC PAYMENTS false LAWRENCE WHITE VP & GENERAL COUNSEL 362526 UNIV OF PENN PAYMENTS false MICHAEL MOORE SPOUSE OF KATHLEEN MATT 136468 EMPLOYMENT false ELIZABETH CHAJES SPOUSE OF MICHAEL CHAJES 45234 EMPLOYMENT false LYNN JACOBSON SPOUSE OF CARL JACOBSON 63514 EMPLOYMENT false TIM TARGETT SPOUSE OF NANCY TARGETT 137728 EMPLOYMENT false SCHEDULE L DR. HARKER, WHO IS PRESIDENT OF THE UNIVERSITY, IS ALSO 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 PROVIDE ELECTRIC UTILITY SERVICES TO THE UNIVERSITY OF DELAWARE. THESE ELECTRIC UTILITY SERVICES ARE PROVIDED TO THE UNIVERSITY OF DELAWARE ON AN ARM'S LENGTH BASIS, THE SERVICES WERE IN THE AMOUNT OF $2,696,151. Dr. Harker also serves on the Board of Directors for the Christiana Care Health System. The Christiana Care Health System is one of the country's largest health care providers. Payments to the Christiana Care Health System totaled $484,093. PIERRE HAYWARD IS VICE PRESIDENT AND SECRETARY FOR THE UNIVERSITY OF DELAWARE. IN ADDITION, HE HOLDS A POSITION AS TRUSTEE FOR WINTERTHUR MUSEUM. DURING THE FISCAL YEAR, THE UNIVERSITY MADE $205,214 IN PAYMENTS TO WINTERTHUR FOR SUBCONTRACT GRANT WORK. LAWRENCE WHITE IS VICE PRESIDENT AND GENERAL COUNSEL FOR THE UNIVERSITY OF DELAWARE. MR. WHITE'S SPOUSE IS EMPLOYED BY THE UNIVERSITY OF PENNSYLVANIA. DURING THE FISCAL YEAR, THE UNIVERSITY MADE $362,526 IN PAYMENTS TO THE UNIVERSITY OF PENNSYLVANIA FOR SUBCONTRACT GRANT WORK. DAVID SINGLETON IS VICE PRESIDENT FOR FACILITIES AND AUXILIARY SERVICES FOR THE UNIVERSITY. THE UNIVERSITY MADE PAYMENTS OF $2,070,193 TO BPG ASSOCIATES, LLC FOR DESIGN AND CONSTRUCTION OF THE UNIVERSITY'S NEW BOOKSTORE. MR. SINGLETON'S SON-IN-LAW IS EMPLOYED WITH BPG ASSOCIATES, LLC. X 23 163100 Opinions of Experts X 264486 Opinions of Experts X 1200 Opinions of Experts X 1 72000 Opinions of Experts X 1 51325 actual sale data X MUSICAL INSTRUMENTS 2 66000 Cost/Selling Price X LAB EQUIPMENT 9 132424 Cost/Selling Price X OFFICE EQUIPMENT 1 9500 Cost/Selling Price X AUCTION FUNDRAISING ITEMS 35 24045 Cost/Selling Price X HISTORIC COSTUME CLOTHING 22 6925 Cost/Selling Price 7 false true false SCHEDULE M, PART I, LINE 6 - CARS AND VEHICLES The University received a vehicle donation in the amount of $72,000 during the fiscal year ended June 30,2011 from Skidaway Institute of Oceanography at the University of Georgia. Form 1098-C was not required to be filed. Business Relationships Part VI, Section A, Line 2 One trustee, who is a financial advisor, has a business relationship with three other trustees. CHANGES TO GOVERNING DOCUMENTS Part VI, Section A, Line 4 The Bylaws of the Board of Trustees of the University of Delaware were revised in May of 2011. Most of the changes were cosmetic in nature and were designed to address formatting and improve the overall organization of the document. Noteworthy changes to the Bylaws included the following: - The expansion of Section 1.1.2. Vacancies; Resignation; Removal of Trustees, to (1) make the vacancy language in Section 1.1.2.1. consistent with sections of the University Charter; and (2) add language proscribing how Trustees can voluntarily resign or be involuntarily removed. - The expansion of Section 1.3 Conflict of Interest, to (1) extend conflict reporting obligations to "affiliates" of Trustees; (2) clarify the circumstances under which a Trustee must recuse himself or herself from Board consideration of a matter in which the Trustee has a conflict; and (3) require Trustees to file on an annual basis a conflict of interest disclosure statement. - The revision of Section 3.3.1. Administrative Officers of the Univerity, to identify four officer positions (President, Provost, Executive Vice President, and Vice President and University Secretary) and provide a new provision authorizing the Board to approve additional officer positions by enactment of an appropriate Board resolution. - The addition of Section 3.3.2. President of the University which proscribes (1) who appoints the President and for what term; (2) the process for filling a Presidential vacancy; and (3) the standard for removal of a President. - The revision of Section 3.3.2.6. by adding language that the President is authorized to appoint Deans, subject to Provost approval and confirmation by the Trustees. - Revise Section 3.3.5. The Vice President and University Secretary by elimination of governmental relation responsibilities and reassigning them to the Provost and Executive Vice President. 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 Office of the Vice President for Finance and Administration and signed by the Vice President for Finance and Administration. The Form 990 is reviewed by additional members of University management, including the Executive Vice President and University Treasurer, and 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 2012). Additionally, the full Form 990 is reviewed by 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 polices 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 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 the Vice President for Finance and Administration. If conflicts of interest exist for officers and key employees, the President (or his designee) 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 or Trustees, the Audit Visiting 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 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, Line 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 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, Line 16A AND 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 polices and audited 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 NET UNREALIZED GAINS ON INVESTMENTS $180,741,119 Decrease in postretirement obligation 31,579,874 ------------- TOTAL 212,320,993 Schedule K, Part I, Line A, COLUMN F 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 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 In March 2009, the University issued $71,310,000 of Series 2009A Variable Rate Revenue Bonds. These bonds were issued for the purpose of refinancing the taxable bank demand note as follows: In July 2008, the University obtained a $73,600,000 30-day bank demand note at a variable interest rate based on one-month LIBOR. The note was used to redeem the Series 2007 Series Auction rate Revenue Bonds. The original series 2007 bonds were used to pay a portion of the costs of renovation, construction, and equipping of certain university project facilities. SCHEDULE K, PART I, LINE D, COLUMN F 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 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 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 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 2009A LINE 6 - NO ESCROW, LOAN PAYOFF ON MARCH 17, 2009 $70,875,000 Blue Hen Hotel LLC Hullihen Hall Suite 220 Newark DE 19716 510411499 HOTEL DE 4970886 17286242 NA 1743 HOLDINGS LLC HULLIHEN HALL SUITE 220 NEWARK DE 19716 271332816 RESEARCH DE 9774785 24876812 NA Alumni Association of the Univ of DE 24 E Main Street Newark DE 19716 516016065 SCHOLARSHIP DE 501(C)(3) TYPE III-FI NA University of Delaware Research Fdn 220 Hullihen Hall Newark DE 19716 516017306 Research DE 501(C)(3) Type III-O NA University of De Library Associates Inc University of Delaware Library Newark DE 19717 516017971 DONATIONS DE 501(C)(3) TYPE III-FI N/A Bartol Research Fdn co Franklin Instit 222 N 20th St Philadelphia PA 19103 232482657 Research PA 501(C)(3) TYPE 1 FRANKLIN INS 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 UNIVERSITY OF DE STUDENT HOUSING FND HULLIHEN HALL SUITE 220 NEWARK DE 19716 311779506 INACTIVE DE 501(C)(3) TYPE III NA UNIDEL FOUNDATION INC PO BOX 1146 WILMINGTON DE 19899 516015046 GRANTS DE 501(C)(3) TYPE III NA Arlington Fnd 1 LLC 100 Summer Street BOSTON MA 02110 Boston MA 02110 470900223 Investments DE NA INVESTMENTS 2583789 172967462 false 4914 true 0.99000 FIRST STATE MARINE WIND LLC 2050 CABOT BOULEVARD WEST LANGHORNE PA 19047 383809186 PWR GENERAT DE NA UNRELATED 5517 2770823 false 0 true 0.68880 BLUE HEN WIND INC 124 C HULLIHEN NEWARK DE 19716 352377140 INVESTMENTS DE N/A C CORP 167816 3025695 1.00000 83 MAIN STREET LLC 322 A Street Wilmington DE 19801 INACTIVE DE NA C CORP 0.61000 true true true false false false false false false false false false true true false false false false Arlington Fund 1 LLC-Newark Series A 8500000 University of DE Library Associates C 75000 University of DE Research Foundation C 415000 Unidel Foundation Inc C 7000000 BLUE HEN WIND INC B 2857899 FIRST STATE MARINE WIND LLC B 15277 SEE SCHEDULE R PART VII SUPPLEMENTAL INFO M SEE SCHEDULE 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.