2011-05-11T11:47:32-05:00 2010-06-30 GRANT THORNTON LLP 2001 MARKET STREET SUITE 3100 PHILADELPHIA PA 19103 990 2009-07-01 231386178 WIDENER UNIVERSITY WIDE 6104994396 ONE UNIVERSITY PLACE CHESTER PA 19013 JOSEPH J BAKER 6104994156 2011-05-11 2155614200 2009 2016-02-24 21:20:13Z JOSEPH J BAKER ONE UNIVERSITY PLACE CHESTER PA 19013 198020970 false X www.widener.edu X 1821 PA Widener University is an innovative metropolitan university that combines academic quality with career preparation and a committment to community service. 27 26 3263 50 -20739 -29742 12368628 8301191 168910525 177751933 1677940 935897 1684915 1499823 184642008 188488844 35007665 38778989 0 0 91399816 95569016 0 0 4506086 48616521 49079204 175024002 183427209 9618006 5061635 292983976 303359544 142682555 146172162 150301421 157187382 AS A LEADING METROPOLITAN UNIVERSITY, WE ACHIEVE OUR MISSION AT WIDENER BY CREATING A LEARNING ENVIRONMENT WHERE CURRICULA ARE CONNECTED TO SOCIETAL ISSUES THROUGH CIVIC ENGAGEMENT. WE LEAD BY PROVIDING A UNIQUE COMBINATION OF LIBERAL ARTS AND PROFESSIONAL EDUCATION IN A CHALLENGING, SCHOLARLY, AND CULTURALLY DIVERSE ACADEMIC COMMUNITY. WE ENGAGE OUR STUDENTS THROUGH DYNAMIC TEACHING, ACTIVE SCHOLARSHIP, PERSONAL ATTENTION, AND EXPERIENTIAL LEARNING. WE INSPIRE OUR STUDENTS TO BE CITIZENS OF CHARACTER WHO DEMONSTRATE PROFESSIONAL AND CIVIC LEADERSHIP. WE CONTRIBUTE TO THE VITALITY AND WELL-BEING OF THE COMMUNITIES WE SERVE. false false 109350786 38778989 158041223 INSTRUCTIONAL/GRANTS- EXPENSES INCURRED WITH THE ACADEMIC INSTRUCTION OF OUR STUDENT BODY AS WELL AS GRANTS TO STUDENTS 17160808 0 268769 ACADEMIC SUPPORT- COSTS INCURRED WITH THE MAINTENANCE OF PROGRAMS AND ACTIVITIES FOR FACULTY AND STUDENTS 15449567 0 550066 STUDENT SERVICES- COSTS INCURRED WITH THE MAINTENANCE OF PROGRAMS THAT SERVICE OUR STUDENT BODY 18494296 0 18751222 AUXILIARY SERVICES 18494296 0 18751222 160455457 true true false true false false true false true true true false true false true false false false true false false false true true true false false false false false false false false true false true false false false false true true false false true 246 0 true 3263 true true true false false false false true true false false false 27 26 false false false false false false false true true false false true true true true true true true true true true PA X X JOSEPH J BAKER 6104994156 ONE UNIVERSITY PLACE CHESTER PA 19013 JAMES T HARRIS 60.0 X X 384567 0 222298 NICHOLAS P TRAINER 2.0 X 0 0 0 KAROL M WASYLYSHYN 2.0 X 0 0 0 JOHN H TILELLI JR 2.0 X 0 0 0 EUGENE D MCGURK JR ESQ 2.0 X 0 0 0 PAUL S BEIDEMAN 2.0 X 0 0 0 DANIEL BORISLOW 2.0 X 0 0 0 THOMAS H BOWN II 2.0 X 0 0 0 PAMELA BROWNER WHITE 2.0 X 0 0 0 MICHAEL G DEFINO ESQ 2.0 X 0 0 0 MARGARET FOTI 2.0 X 0 0 0 JAMES J HARGADON 2.0 X 0 0 0 IRA HARKAVY 2.0 X 0 0 0 JAMES W HIRSCHMANN III 2.0 X 0 0 0 PHILIP G LEWIS 2.0 X 0 0 0 JAMES J MACK III 2.0 X 0 0 0 DAVID W OSKIN 2.0 X 0 0 0 DERRICK H PITTS 2.0 X 0 0 0 TEPVADDEI ROS 2.0 X 0 0 0 CYNTHIA H SARNOSKI 2.0 X 0 0 0 JOHN F SCHMUTZ ESQ 2.0 X 0 0 0 RONALD S STEAD PHD 2.0 X 0 0 0 MIN S SUH ESQ 2.0 X 0 0 0 VITO VERNI 2.0 X 0 0 0 AYANA WOOD 2.0 X 0 0 0 STEPHEN M WYNNE 2.0 X 0 0 0 PETER B ZACHARKIW 2.0 X 0 0 0 JOSEPH J BAKER 60.0 X 275955 0 65841 BOBBIE JO ALLEN 60.0 X 269590 0 43302 LINDA S DURANT 60.0 X 230560 0 37355 LINDA L AMMONS 60.0 X 261820 0 43941 FRED A AKL 55.0 X 201938 0 49171 MICHAEL J SLINGER 55.0 X 188190 0 86436 STEPHEN C WILHITE 55.0 X 180140 0 40765 RONALD L MERSKY 55.0 X 184873 0 26394 J PATRICK KELLY 55.0 X 180806 0 38549 2358439 0 654052 158 false true false ARAMARK SERVICES INC ONE UNIVERSITY PLACE CHESTER PA 19103 FOOD SERVICES 3923353 ARAMARK FACILITIES SERVICES INC ONE UNIVERSITY PLACE CHESTER PA 19013 HOUSEKEEPING 1456372 JJ DELUCA COMPANY INC 760 W SPROUL ROAD STE 300 SPRINGFIELD PA 19064 CONSTRUCTION 755778 HSC BUILDERS CONSTRUCTION 304 NEW MILL ROAD EXTON PA 19341 CONSTRUCTION 688840 TARGET BUILDING CONSTRUCTION 1124 CHESTER PIKE CRUM LYNNE PA 19022 CONSTRUCTION 688483 21 26761 3575624 4698806 63279 8301191 TUITION & FEES 611600 157825731 157825731 AUXILIARY ENTERPRISES 611600 18741784 18767241 -25457 FEES, PARKING, ETC. 900099 912201 912201 INTEREST / FEES ON LOANS 900099 140653 140653 FEES / CONTRACTS GOVERNMENT AGENCIES 900099 131564 131564 177751933 3952114 2730 3949384 0 0 789531 379649 409882 409882 409882 6072322 9088539 -3016217 -3016217 1988 -3018205 55044 26761 63938 -8894 -8894 0 0 MISCELLANOUS REVENUE 525990 1098835 1098835 1098835 188488844 177636737 -20739 2571655 0 38778989 38778989 0 0 1635259 290980 1344279 0 69271370 60974551 6146531 2150288 5243703 4622042 458512 163149 14613245 12747084 1418587 447574 4805439 4163279 495979 146181 0 462383 10042 452341 115000 115000 0 0 119314 119314 10026092 7677745 1709256 639091 2139008 432866 1409087 297055 2397272 1797056 401602 198614 3376558 884130 2465512 26916 0 5969982 5680132 264080 25770 1878243 1590879 148087 139277 0 384928 266929 94867 23132 4246816 4246816 0 10262497 10262497 742925 742925 LIBRARY BOOKS & PERIODICALS 3006772 3006772 STUDENT & FACULTY EVENTS 712468 558577 31189 122702 FEES AND DUES 735108 475591 245645 13872 MISCELLANEOUS 2503838 1245575 1145798 112465 183427209 160455457 18465666 4506086 33205494 39779765 7702360 11009308 3512152 3359986 12678452 13253479 2075321 2713496 286971505 122353602 166715464 164617903 66241114 67803260 853619 822347 292983976 303359544 18492345 17221543 8392576 8054185 4349990 4058839 82551603 81355451 219574 198277 28676467 35283867 142682555 146172162 X 113692329 118536040 6416592 7423815 30192500 31227527 150301421 157187382 292983976 303359544 X false true true X true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false true 110000 false false 110000 false false LOBBYING ACTIVITIES SCHEDULE C PART II-B THE UNIVERSITY ENGAGED OUTSIDE LOBBYISTS TO PURSUE EARMARK APPROPRIATIONS TO FURTHER THE ACADEMIC MISSION OF THE UNIVERSITY. X X X Community Enrichment false 58431578 950699 6097318 790314 3405593 61283688 82228438 1239811 -20434062 933419 3669190 58431578 0.57000 0.43000 false false 14488947 14488947 223737534 81311363 142426171 45138352 38560819 6577533 3606672 2481420 1125252 164617903 EQUITY FUNDS 41657851 F COMMODITIES 4379263 F VENTURE CAPITAL 763226 F NATURAL RESOURCES 928005 F FIXED INCOME 13227367 F REAL ESTATE 47098 F MONEY MARKET FUNDS 5402787 F OTHER INVESTMENTS 1397663 F 67803260 0 ACCR'D POST RETIREMENT BENEFIT 32157983 ASSET RETIREMENT OBLIGATION 3125884 35283867 188488844 183427209 5061635 5866095 -4041770 1824325 6885960 156376306 5866095 399136 6265231 150111075 119314 38258455 38377769 188488844 145448576 399136 399136 145049440 119314 38258455 38377769 183427209 FIN 48 DISCLOSURE SCHEDULE D PART X In fiscal 2009, the University adopted Accounting Standards Update No. 2009-06, Implementation Guidance on Accounting for Uncertainty in Income Taxes and Disclosure Amendments for Nonpublic Entities (ASU 2009-06) in conjunction with its adoption of FASB Interpretation No. 48, Accounting for Uncertainty in Income Taxes (now included in Accounting Standards Codification (ASC) Subtopic 740-10). ASC Subtopic 740-10 addresses the accounting for uncertainties in income taxes recognized in an organization's financial statements and prescribes a threshold of more-likely than-not for recognition and derecognition of tax positions taken or expected to be taken in a tax return. ASC Subtopic 740-10 also provides related guidance on measurement, classification, interest and penalties, and disclosures. There was no significant impact to the University's financial statements as a result of the adoption of ASU 2009-06 or ASC Subtopic 740-10. The University believes it has taken no significant uncertain tax positions. VALUE OF ART COLLECTION SCHEDULE D PART III LINE 1a THE UNIVERSITY HAS ELECTED PURSUANT TO SFAS 116 NOT TO REPORT IN ITS REVENUE STATEMENT AND BALANCE SHEET WORKS OF ART. THERE IS NO FOOTNOTE INCLUDED IN THE FINANCIAL STATEMENT RELATED TO THE WORKS OF ART. SCHEDULE D PART III LINE 4 LOCATED IN THE UNIVERSITY CENTER, THE WIDENER UNIVERSITY ART COLLECTION AND GALLERY HOUSES THE UNIVERSITY'S DIVERSE COLLECTION OF AMERICAN PAINTINGS AND THE ALFRED O. DESHONG COLLECTION OF EUROPEAN PAINTINGS AND ORIENTAL ART OBJECTS. IN ADDITION TO THE PERMANENT COLLECTION ON DISPLAY, ROTATING EXHIBITIONS OF CONTEMPORARY ART ARE HELD THROUGHOUT THE YEAR ALONG WITH RECEPTIONS TO MEET THE ARTISTS. THE ART MUSEUM PROVIDES NUMEROUS EDUCATIONAL OPPORTUNITIES TO OUR STUDENTS THROUGH ITS EXISTING COLLECTION AND DIVERSE ROTATING EXHIBITS AND SPECIAL SHOWINGS. IT ALSO PROVIDES CULTURAL ENRICHMENT TO THE FACULTY, STAFF AND SURROUNDING COMMUNITIES AS THE MUSEUM IS FREE AND OPEN TO THE PUBLIC. ENDOWMENT FUNDS PART V, LINE 4 ENDOWMENT FUNDING SUPPORTS SCHOLARSHIPS, FACULTY DEVELOPMENT, CHAIRS, AWARDS, THE LIBRARY AS WELL AS OTHER INITIATIVES. NONOPERATING ACTIVITY INCREASE SCHEDULE D PART XI LINE 8 CHANGE IN PENSION $4,041,770 EXPENSES INCLUDED IN REVENUE SCHEDULE D PART XII LINE 2d RENTAL EXPENSE $379,649 NET SPECIAL FUNDRAISING EXPENSES 19,487 -------- TOTAL PART XII LINE 2d $399,136 EXPENSES INCLUDED IN FINANCIAL STATEMENT REVENUE SCHEDULE D PART XII LINE 4B SCHOLARSHIPS $38,258,455 EXPENSES INCLUDED IN FINANCIAL STATEMENTS NOT RETURN SCHEDULE D PART XIII LINE 2d RENTAL EXPENSE $379,649 NET SPECIAL FUNDRAISING EXPENSES 19,487 -------- TOTAL PART XII LINE 2d $399,136 EXPENSES INCLUDED IN FINANCIAL STATEMENT REVENUE SCHEDULE D PART XIII LIN 4b SCHOLARSHIPS $38,258,455 true true true OUR POLICY IS PUBLISHED IN ALL CATALOGS, PRINTED MATERIALS AND RADIO ADVERTISEMENTS. true true true true false false false false false false false false true false IN THE NORMAL COURSE OF BUSINESS, THE UNIVERSITY ROUTINELY RECEIVES FUNDING FROM FEDERAL, STATE AND LOCAL GOVERNMENTS FOR STUDENT FINANCIAL AID. ADDITIONALLY, THE UNIVERSITY RECEIVES GRANTS, INCLUDING EARMARKS FOR A NUMBER OF DIFFERENT INITIATIVES, PROGRAMS AND PROJECTS. true false East Asia and the Pacific 0 0 Program Services LAW SCHOOL SUMMER PRGM 57538 Europe (Including Iceland and Greenland) 0 0 Program Services LAW SCHOOL SUMMER PRGM 129184 Sub-Saharan Africa 0 0 Program Services LAW SCHOOL SUMMER PRGM 39559 East Asia and the Pacific 0 0 Program Services EXCHANGE PROGRAM 46786 0 0 273067 Phila. Alumni 61000 16550 44450 0 848 4000 34956 3500 10040 Golf Outing 20805 10211 10594 200 60 8164 0 0 2170 0 81805 26761 55044 200 908 12164 34956 3500 12210 63938 -8894 true STUDENT FINANCIAL AID 3174 36682594 FMV FINANCIAL AID X X X true true X X X X false true false false false false false false false JAMES T HARRIS 315065 0 30000 0 39502 0 124500 0 97798 0 606865 0 0 0 JOSEPH J BAKER 235700 0 10000 0 30255 0 24500 0 41341 0 341796 0 0 0 BOBBIE JO ALLEN 226895 0 6000 0 36695 0 24500 0 18802 0 312892 0 0 0 LINDA S DURANT 186690 0 6000 0 37870 0 21226 0 16129 0 267915 0 0 0 LINDA L AMMONS 225493 0 0 0 36327 0 24500 0 19441 0 305761 0 0 0 FRED A AKL 185928 0 1000 0 15010 0 17994 0 31177 0 251109 0 0 0 MICHAEL J SLINGER 178672 0 0 0 9518 0 13908 0 72528 0 274626 0 0 0 STEPHEN C WILHITE 170446 0 1000 0 8694 0 14839 0 25926 0 220905 0 0 0 RONALD L MERSKY 179461 0 0 0 5412 0 8591 0 17803 0 211267 0 0 0 J PATRICK KELLY 153923 0 0 0 26883 0 16334 0 22215 0 219355 0 0 0 TRAVEL AND ENTERTAINMENT POLICY SCHEDULE J PART I The University maintains a written accountable policy regarding the payment or reimbursement of travel and entertainment expenses, including airline and rail travel, companion travel, international travel, social and health clubs, maid service, and business meals, meetings and entertainment. The University's President reviews and approves the travel and entertainment expenses for all University's Vice Presidents. The University's Vice Presidents review and approve the travel and entertainment expenses for their respective staff. It is important to note the President's travel and entertainment expenses are reviewed and approved by the University's Board Chairperson. HOUSING THE PRESIDENT OF THE UNIVERSITY IS PROVIDED HOUSING AS REQUIRED AS PART OF HIS EMPLOYMENT. THE USE OF THE HOUSE IS EXCLUDED FROM INCOME PURSUANT TO INTERNAL REVENUE CODE SECTION 119(a)(2). THE FAIR RENTAL VALUE OF THE HOUSING IS $35,000. BUSINESS EXPENSES ARE COVERED UNDER THE UNIVERSITY'S TRAVEL AND ENTERTAINMENT EXPENSE POLICY. SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN SCHEDULE J PART I LINE 4b THE BOARD OF TRUSTEES HAS APPROVED A SUPPLEMENTAL RETIREMENT PLAN FOR THE PRESIDENT. THE UNIVERSITY ACCRUED A CONTRIBUTION OF $100,000 TO THE PLAN. THE PRESIDENT IS NOT CURRENTLY VESTED IN THE PLAN AND IT IS SUBJECT TO FORFEITURE. PRESIDENT COMPENSATION 2009-2010 AT THE PRESIDENT'S REQUEST, THE BOARD OF TRUSTEES AGREED TO KEEP PRESIDENT HARRIS' SALARY AND BENEFITS FOR 2009/10 AT THE SAME LEVEL AS 2008/09. PHEFA REVENUE BONDS SERIES 2003 232243852 70917NXJ8 2003-10-01 51590981 SCIENCE & ENGINEERING FACILITY false false PHEFA REVENUE BONDS SERIES 2005 232243852 70917NZ56 2005-02-01 34239090 DORMITORY & PHYSICAL EDUCATION false false 51590981 4687859 32218908 0 277558 0 14054101 2005 false true true true 34239090 3346310 0 0 227750 0 30449130 2006 false false true true false false false false false true false false false false false 0.00350 0.00350 true false false false false false true false false false false false true JAMES T HARRIS OFFICER 38000 COMPENSATION PAID TO SPOUSE false X 6 63279 MARKET VALUE false true true SCHEDULE M, PART I, LINE 9 The university occassionally receives gifts of stock. The university sells the stock through a brokerage account. Conflict of Interest Policy FORM 990 PART VI SECTION B LINE 12c The University has conflict of interest policies for the Board of Trustees, Officers, Key Employees, full-time staff, and part-time staff involved in purchasing. The Board of Trustees complete the conflict of interest disclosure form on an annual basis, and the disclosure forms are received and reviewed by the Trusteeship Committee. The results of the review are then reported to the Board's Executive Committee, which in turns reports the results to the full Board of Trustees. The process, review and reporting for the Officers and Key Employees is the same as the Board of Trustees. All full-time staff and part-time staff involved in purchasing complete a disclosure form annually, and these are collected and reviewed by the Associate Vice President-Administration. He then reports the findings to the Senior Vice President-Administration & Finance and the President of the University. A report is then made by the Senior Vice President-Administration & Finance to the Finance and Administration Committee of the Board, which then reports the findings to the full Board of Trustees. Compensation Process FORM 990 PART VI SECTION B LINE 15b It is the policy of the Widener University and its Board of Trustees (Board) to compensate its executives in accordance with the market and in relation to experience, service and accomplishment both prior to, and during, their service to the university. The Board's use of CUPA and similar indices is for guidance purposes, taking into consideration that the positions reported therein are not, in many instances, equivalent to the executive positions at the University. Thus, when an individual executive acquires additional responsibilities above and beyond those traditionally associated with the general category set forth in the comparative indices, the Board may consider and award appropriate compensation. Exceptions to this policy can occur where special expertise, accomplishment or experiences are required in a particular position or an urgent need has arisen justifying, in the Board's analysis, compensation at a level in excess of the policy range adopted by the Board. When such exceptions arise, the Board shall set forth a statement of their reasoning supporting the departure from the established Executive Compensation Policy. Finally, the Board, in every third year, will engage an outside consultant to verify that total compensation paid to the executives of the University is fair and reasonable. Process to Review Form 990 FORM 990 PART VI SECTION B LINE 11 Once a draft of the IRS Form 990 is completed and reviewed by our independent tax advisors, it is reviewed by both the Audit and Finance & Administration Committees of the Board of Trustees. It is then reviewed with the full Board of Trustees at its next meeting (normally the May meeting). The Form 990 is not filed until the full Board of Trustees has reviewed it with management. Documents made Available to the General Public FORM 990 PART VI SECTION C LINE 19 The University makes available to the public on its website the university's Articles of Incorporation, the conflict of interest policy, the executive compensation policy, the Form 990, the Form 990-T and the University's audited financial statements. TAX EXEMPT BONDS FORM 990 SCHEDULE K PART I PHEFA REVENUE BOND, SERIES OF 2003: THE BOND WAS ORIGINALLY ISSUED IN 2003 WITH STAGGERING MATURITY DATES FROM 2008 - 2036. EACH MATURITY DATE HAS BEEN ASSIGNED A UNIQUE CUSIP NUMBER. PHEFA REVENUE BOND, SERIES OF 2005: THE BOND WAS ORIGINALLY ISSUED IN 2005 WITH STAGGERING MATURITY DATES FROM 2007 - 2039. EACH MATURITY DATE HAS BEEN ASSIGNED A UNIQUE CUSIP NUMBER. THE NEUROPSYCOLOGY ASSESSMENT CENTER ONE UNIVERSITY PLACE CHESTER PA 19013 421682886 EDUCATION PA 501(C)(3) 509(A)(2) WIDENER UNIV THE WIDENER PARTNERSHIP CHARTER SCHOOL ONE UNIVERSITY AVANUE CHESTER PA 19013 421705892 SCHOOL PA 501(C)(3) 509(a)(1) Widener Univ PROVIDENCE ENTERPRISES INC ONE UNIVERSITY PLACE CHESTER PA 19013 510260604 INACTIVE PA WIDENER UNIV C CORP 0 0 1.00000 ACNP CORP ONE UNIERSITY PLACE CHESTER PA 19013 232540747 RESTAURANT PA WIDENER UNIV C CORP 17691 10146 1.00000 UNIVERSITY TECHNOLOGY PARK INC 1350 EDGEMONT AVENUE SUITE 1300 CHESTER PA 19013 233045605 REAL ESTATE PA NA C CORP -15060 3132932 0.50000 true true false false false false false false true false true false false false false true false false THE WIDENER PARTNERSHIP CHARTER SCHOOL I 550000 THE WIDENER PARTNERSHIP CHARTER SCHOOL K 123194 THE NEUROPSYCOLOGY ASSESSMENT CENTER K 7146 THE WIDENER PARTNERSHIP CHARTER SCHOOL P 2276266 THE NEUROPSYCOLOGY ASSESSMENT CENTER P 148871 THE WIDENER PARTNERSHIP CHARTER SCHOOL B 85000