2011-05-16T14:13:02-05:00 2010-06-30 GRANT THORNTON LLP 2001 MARKET STREET SUITE 3100 PHILADELPHIA PA 19103 990 2009-07-01 516000297 UNIVERSITY OF DELAWARE UNIV 3028318964 OFFICE OF THE VP FOR FINANCE ADMI HULLIHEN HALL NEWARK DE 19716 Jennifer Davis 3028312769 2011-05-13 true 2155614200 2009 2016-02-24 21:20:13Z PATRICK T HARKER 104A HULLIHEN HALL NEWARK DE 19716 3665189926 false X WWW.UDEL.EDU X 1833 DE INSTRUCTION, RESEARCH, AND PUBLIC SERVICE ARE THE MOST SIGNIFICANT ACTIVITIES. 32 30 13852 30 2573178 -2125976 155908000 160765463 435898842 675615436 -33940540 14129303 177527138 25182567 735393440 875692769 76341110 90894748 0 0 457712611 482242349 28610 0 8031651 267971413 283769249 802053744 856906346 -66660304 18786423 2192334121 2337339504 577596946 617699213 1614737175 1719640291 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 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, INTEG false false 410724099 90894748 385052889 INSTRUCTION AND DEPARTMENTAL RESEARCH - STUDENT ENROLLMENT DURING PERIOD WAS 21,000 123223399 165951476 SPONSORED RESEARCH 96396876 99519353 AUXILIARY ENTERPRISES 58797758 ACADEMIC SUPPORT 43796391 EXTENSION AND PUBLIC SERVICE 28213339 STUDENT SERVICES 130807488 25091718 761151862 true true false true true false true true true true true false true true true false false true true false false false true true true false false false false false false true false true true true true false false true true true false false true 2306 0 true 13852 true true true true UK FR SP IT CS false true true false true true true 1 false false false 32 30 false false false false false false false true true false false true true true true true true true true true false X AMY CONNELL-CONTROLLER 3028312175 UNIVERSITY OF DE 220 HULLIHEN HALL NEWARK DE 19716 Tony Allen 1.0 X 0 0 0 James C Borel 2.0 X 0 0 0 Thomas J Burns 2.0 X 0 0 0 Irwin G Burton 1.0 X 0 0 0 RRM Carpenter III 2.0 X 0 0 0 John R Cochran 2.0 X 0 0 0 Howard E Cosgrove 2.0 X 0 0 0 Allison Burris Castellanos 1.0 X 0 0 0 Patricia A Deleon 50.0 X 137274 0 27642 Robert A Fischer 2.0 X 0 0 0 Teri Quinn Gray 1.0 X 0 0 0 T Henley Graves 1.0 X 0 0 0 Scott A Green 1.0 X 0 0 0 Teagan J Gregory 1.0 X 0 0 0 Terri Kelly 1.0 X 0 0 0 Dennis E Klima 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 Jr 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 1.0 X 0 0 0 Kenneth C Whitney 1.0 X 0 0 0 Mary Jane Willis 1.0 X 0 0 0 Patrick T Harker 55.0 X X 699499 0 45796 WILLIAM B CHANDLER III 1.0 X 0 0 0 Robert W Gore 1.0 X 0 0 0 Scott R Douglass 55.0 X 404797 0 40214 Monica M Taylor 55.0 X 272329 0 34059 Pierre D Hayward 55.0 X 264915 0 40816 Robert M Specter 55.0 X 255935 0 42132 Thomas M Apple 55.0 X 321269 0 40355 Conrado M Gempesaw II 55.0 X 265398 0 46125 Robin W Morgan 55.0 X 234202 0 36512 Michael A Gilbert 55.0 X 207277 0 35468 Michael J Chajes 55.0 X 228983 0 43796 Nancy M Targett 55.0 X 203267 0 40913 Carl W Jacobson 55.0 X 269783 0 41139 Michael Gamel-McCormick 55.0 X 177887 0 36263 Jennifer W Davis 55.0 X 202284 0 36388 George H Watson 55.0 X 254016 0 35520 KATHLEEN S MATT 55.0 X 336728 0 23191 SUSANNE AUSTIN 55.0 X 154114 0 27078 Patricia Ann Plummer Wilson 55.0 X 217153 0 36714 David Lee Brond 55.0 X 263250 0 41612 Mark A Barteau 50.0 X 320138 0 52367 Mark Stalnecker 50.0 X 345758 0 32904 Havidan Rodriguez 50.0 X 230668 0 42307 BERNARD MONTGOMERY MUIR 50.0 X 173091 0 24884 Daniel Rich 50.0 X 373487 0 55002 Tsu-Wei Chou 50.0 X 326493 0 43313 Donald L Sparks 50.0 X 316726 0 43280 TIMOTHY K BARNEKOV 50.0 X 372975 0 31360 T W FRASER RUSSELL 50.0 X 364711 0 19619 Maxine R Colm X 123904 0 26356 David P Roselle X 160835 0 9764 8479146 0 1132889 741 true true false ARAMARK 1101 Market Street ARAMARK TOWER PHILADELPHIA PA 19107 DINING SERVICES 28144596 Nason Construction INC 2000 Foulk Road Suite F WILMINGTON DE 19810 General Contractor 4307988 WHITING-TURNER CONTRACTING COMPANY 131 CONTINENTAL DRIVE SUITE 404 NEWARK DE 19713 CONSTRUCTION SITEWRK 2321334 TPI COMPOSITES INC PO Box 367 WARREN RI 02885 WIND ENERGY MANFACT 2005532 SCHLOSSER ASSOCIATES MECHANICAL 2047 SUNSET LAKE ROAD NEWARK DE 19702 PLUMBING CONTRACTOR 1968399 151 19767 426808 118773353 41545535 488861 160765463 TUITION AND FEES 900099 385052889 385052889 SALES & SERVICE OF EDUCATIONAL ACTIVITIES 900099 9724821 9049552 675269 SALES & SERVICE OF AUXILIARY ACTIVITIES 900004 99519353 95797914 3721439 SALES & SERVICES OF CONTRACTS AND OTHER EXCHANGE 900004 165951476 165951476 SALES & SERVICES OF OTHER CONTRACTS SOURCES 900004 15366897 15131064 235833 675615436 22416565 -1470624 23887189 0 311285 311285 2779592208 1516392 2788720063 675799 -9127855 840593 -8287262 18277 -8305539 87450 19767 101295 -13845 -13845 0 0 INTRA UNIVERSITY REVENUE 900099 25175575 25175575 LOSS FROM AFFILIATE 721110 -1242850 -635834 -607016 PLANT INVENTORY ADJUSTMENT 8636 8636 943766 943766 24885127 875692769 696772478 2573178 15581650 0 90894748 90894748 0 0 8723466 4860551 3575556 287359 422655 422655 350077553 316618263 29345077 4114213 7640318 7124554 420552 95212 107264600 94415880 11287020 1561700 8113757 7290753 706959 116045 0 3172889 3172889 391931 391931 171235 171235 0 3616471 3616471 56540461 50254378 6028596 257487 1128246 947903 158207 22136 40422661 36623828 2556338 1242495 23641364 9487005 13962397 191962 191641 148868 42773 56363752 55428900 925034 9818 20295967 19714460 508448 73059 0 3373653 2836825 492469 44359 11589585 11550581 39004 0 49851385 45775908 4075477 3335690 1788865 1531019 15806 LOSS ON DISPOSALS 5218986 4966937 252049 ENDOWMENT COMMISSIONS & FEES 2535817 2535817 INDEPENDENT OPERATIONS 1160382 1160382 UNAMORTIZED BOND ISSUE COSTS 341709 341709 PAY ANNUITANTS 425424 425424 856906346 761151862 87722833 8031651 3716953 67704 87675087 52217935 26680908 45773547 9098150 11366082 299241 169861 514374 511277 372413 1320216 1648263016 677289262 935387951 970973754 801576233 856153878 311290139 381913065 14976775 15376932 745897 1495253 0 0 2192334121 2337339504 287717436 320290841 14725183 14806579 7940934 6993842 237141906 239719454 12376239 11647114 17695248 24241383 577596946 617699213 X 910675937 958025187 410205492 454691674 293855746 306923430 1614737175 1719640291 2192334121 2337339504 X false true true X true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false true false true false false true 133034 false true 38201 171235 false SCHEDULE C, PART II-B, LINES 1B, 1D, & 1G A PORTION OF THE TIME OF THE UNIVERSITY'S DIRECTOR OF GOVERNMENTAL RELATIONS AND THE SENIOR ADMINISTRATOR, BUSINESS OPERATIONS ARE ASSOCIATED WITH LOBBYING ACTIVITIES. FOR THE FISCAL YEAR ENDED JUNE 30, 2010, ONLY ONE THIRD (1/3) OF THE ABOVE DIRECTOR'S TIME AND ONE TWENTIETH (1/20) OF THE ABOVE SENIOR ADMINISTRATOR'S TIME WERE DEVOTED TO 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 1350 27266 true true 121130 8627942 X X X X false true 16038 26194565 26174352 36251 false 859958677 6195841 115847859 5556918 40682080 8233000 927530379 1131736776 6463696 -215928929 6902533 47256333 8154000 859958677 0.28000 0.72000 false false 0 79439552 79439552 0 1141013145 410608193 730404952 0 14841046 3376564 11464481 0 380750277 263304504 117445773 0 32218996 32218996 970973754 LIMITED PARTNERSHIPS 343647852 F FUNDS HELD IN TRUST BY OTHERS 30306286 F MORTGAGES 6606815 F REAL ESTATE 850000 F INSURANCE 502112 F 381913065 0 STUDENT DEPOSITS 1146013 ASSET RETIREMENT OBLIGATION 18136297 ANNUITY & LIFE INCOME FUNDS PA 4959073 24241383 875692769 856906346 18786423 110310782 35 -24194124 86116693 104903116 841739058 110310782 -29843035 80467747 761271311 114421458 114421458 875692769 736835977 -1185579 -1185579 738021556 118884790 118884790 856906346 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, 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 There was no impact to the University's consolidated financial statements for uncertain tax positions under FIN 48 for fiscal year 2010. Therefore, there is no footnote to the University's financial statements that would report such liability. PART XI, LINE 8 CHANGE IN UNRECOGNIZED NET LOSS OF ACCUMULATED POSTRETIREMENT BENEFIT OBLIGATION $(24,194,124) PART XII, LINE 2D RECLASSIFICATION OF EXPENSES $ (4,463,332) INCREASE IN POST RETIREMENT OBLIGATION $ (24,194,124) RECLASSIFICATION OF FUNDS $ (1,185,579) ______________ TOTAL PART XII LINE 2D $ (29,843,035) PART XIII, LINE 4B INTRA-UNIVERSITY REVENUE $ 25,175,575 TUITION SCHOLARSHIPS $ 88,405,290 GAIN ON DISPOSAL OF EQUIP $ 840,593 _____________ TOTAL PART XIII LINE 4B $114,421,458 PART XIII, LINE 2D RECLASSIFICATION OF FUNDS $ (1,185,579) PART XIII, LINE 4B Tuition Scholarships $ 88,405,290 Intra-University Revenue $ 25,175,575 Reclass OF EXPENSES $ 4,463,332 RECLASS GAIN ON DISPOSAL OF EQUIP $ 840,593 ____________ Total Part XIII Line 4B $118,884,790 true true true 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, VETERN 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 true true true true false false false false false false false false true false 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) 1 3 Program Services ACADEMIC SUPPORT 1359047 1 3 1359047 false Hitchens Golf 27465 6200 21265 6979 4788 10472 5253 LacrossE Golf 25797 5300 20497 7282 4500 2244 3010 3 53955 8267 45688 7930 14700 23910 300 9927 107217 19767 87450 22191 23988 36626 300 18190 101295 -13845 true UNIVERSITY OF DELAWARE SCHOLARSHIPS FOR STUDENTS 4344 19685477 FAIR VALUE SCHOLARSHIPS DELAWARE NEED BASED GRANTS 1606 6018768 FAIR VALUE FINANCIAL AID ATHLETIC SCHOLARSHIPS 1153 8078059 FAIR VALUE SCHOLARSHIPS UNIVERSITY ENDOWMENT SCHOLARSHIPS 1048 3145166 FAIR VALUE SCHOLARSHIPS DELAWARE MERIT SCHOLARSHIPS 226 691509 FAIR VALUE MERIT SCHOLARSHIPS Graduate Student Scholarships 4815 48170354 FAIR VALUE SCHOLARSHIPS Graduate Student Fellowships 394 2513465 FAIR VALUE FELLOWSHIPS University Gift Scholarships 148 1496038 FAIR VALUE SCHOLARSHIPS Other Scholarships and Grants 421 1095912 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 at 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. Graduate funding is approved by individual selections by the colleges but require additional oversight and approval by centralized graduate studies area before appropriate disbursement of funds. X X X true true X X X X X X false true false true false false false true false Patricia A Deleon 137034 0 0 0 240 0 14670 0 12972 0 164916 0 0 0 Patrick T Harker 646406 0 0 0 53093 0 26950 0 21171 0 747620 0 0 0 Scott R Douglass 380528 0 0 0 24269 0 26950 0 13264 0 445011 0 0 0 Daniel Rich 351487 0 0 0 22000 0 40194 0 14808 0 428489 0 0 0 Monica M Taylor 253703 0 0 0 18626 0 26950 0 7109 0 306388 0 0 0 Pierre D Hayward 256332 0 0 0 8583 0 27638 0 18531 0 311084 0 0 0 Patricia Ann Plummer Wilson 214572 0 0 0 2581 0 23562 0 13152 0 253867 0 0 0 Robert M Specter 250085 0 0 0 5850 0 26950 0 15182 0 298067 0 0 0 Thomas M Apple 320394 0 0 0 875 0 26950 0 13405 0 361624 0 0 0 Conrado M Gempesaw II 243398 0 0 0 22000 0 28022 0 27725 0 321145 0 0 0 Robin W Morgan 234202 0 0 0 0 0 25685 0 10827 0 270714 0 0 0 Michael A Gilbert 201327 0 0 0 5950 0 22330 0 13138 0 242745 0 0 0 Michael J Chajes 228983 0 0 0 0 0 25163 0 18633 0 272779 0 0 0 Nancy M Targett 203267 0 0 0 0 0 22220 0 18693 0 244180 0 0 0 Carl W Jacobson 236383 0 25000 0 8400 0 23978 0 21431 0 315192 0 0 0 David Lee Brond 221250 0 20000 0 22000 0 24684 0 16928 0 304862 0 0 0 Michael Gamel-McCormick 177887 0 0 0 0 0 19635 0 16628 0 214150 0 0 0 Jennifer W Davis 180784 0 0 0 21500 0 22440 0 18948 0 243672 0 0 0 Mark A Barteau 320138 0 0 0 0 0 35283 0 17084 0 372505 0 0 0 Mark Stalnecker 270680 0 53078 0 22000 0 26377 0 6527 0 378662 0 0 0 Havidan Rodriguez 230668 0 0 0 0 0 25520 0 18211 0 274399 0 0 0 Tsu-Wei Chou 306693 0 0 0 19800 0 34700 0 8613 0 369806 0 0 0 Donald L Sparks 316726 0 0 0 0 0 34581 0 8699 0 360006 0 0 0 Maxine R Colm 97857 0 0 0 26047 0 13291 0 13065 0 150260 0 0 0 David P Roselle 75450 0 85385 0 0 0 0 0 9764 0 170599 0 0 0 George H Watson 254016 0 0 0 0 0 27000 0 8520 0 289536 0 0 0 KATHLEEN S MATT 236728 0 100000 0 0 0 14575 0 8616 0 359919 0 0 0 SUSANNE AUSTIN 154114 0 0 0 0 0 16985 0 10093 0 181192 0 0 0 BERNARD MONTGOMERY MUIR 162841 0 0 0 10250 0 16500 0 8384 0 197975 0 0 0 TIMOTHY K BARNEKOV 118385 0 0 0 254590 0 25300 0 7035 0 405310 0 0 0 T W FRASER RUSSELL 364511 0 0 0 200 0 13376 0 6243 0 384330 0 0 0 PART I, LINE 1A Certain current and former officrs were provided benefits to health and social clubs in the amount of $30,576. In addition, one University officer received personal services in the form of housekeeping services in the amount of $10,872. It is the University's policy to treat the above items as taxable compensation and report the applicable amounts on the Officers' Form W-2. Additionally, the University's President is required to live in an on-campus residence. This arrangement meets the IRC exclusion from gross income and is therefore excluded from compensation reported on the President's Form W-2. PART I, LINE 4B Pursuant to the terms of the University's deferred compensation plan, a former officer, received payment of $85,385. PART I, LINE 5A The University's Chief Investment Officer, a key employee, received a bonus payment of $53,078 which is partially based on 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 $145,000, WHICH WERE BASED UPON ACHEIVING 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 UNIVERSITY OF DELAWARE 516000297 91425MAZ0 2005-07-14 49945000 SEE SCHEDULE O false false UNIVERSITY OF DELAWARE 516000297 91425MBD8 2009-03-17 71310000 SEE SCHEDULE O false false UNIVERSITY OF DELAWARE 516000297 91425MBW6 2009-12-17 70107432 SEE SCHEDULE O 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 NA NA 24775 Scholarships NA NA 40390 Tuition/Fees PATRICK T HARKER UNIVERSITY PRESIDENT 3628792 SEE SCHEDULE O, ATTACH 1 false JENNIFER SPECTER SPOUSE OF ROBERT SPECTER 10800 EMPLOYMENT false LYNN JACOBSON SPOUSE OF CARL JACOBSON 67038 EMPLOYMENT false ELIZABETH CHAJES SPOUSE OF MICHAEL CHAJES 46473 EMPLOYMENT false MICHAEL MOORE SPOUSE OF KATHLEEN MATT 166406 EMPLOYMENT false TIMOTHY TARGETT SPOUSE OF NANCY TARGETT 113738 EMPLOYMENT false X 179 134259 Opinions of Experts X 204956 Opinions of Experts X 37275 Cost/Selling Price X 1 2200 FMV X SEE PART II 3 98390 Cost/Selling Price X SEE PART II 131 1344 Cost/Selling Price X SEE PART II 57 10437 Cost/Selling Price 1 false true false PART I, COLUMN B numbers in column (B) represent the number of items contributed. PART I, LINE 25, 26, 27 EQUIPMENT DONATED TO UNIVERSITY (LAB SCIENCES): $98,390 PLANTS DONATED TO THE BOTANICAL GARDENS: $ 1,344 VARIOUS ATLETIC GEAR AND GIFTS DONATED TO THE LACROSSE, GOLF, BASKETBALL, CYCLING, CREW AND TRACK TEAMS: $10,437 Cars and other Vehicles Schedule M, Part I, Line 6 The University received a vehicle donation during the fiscal tax year ended June 30, 2010. The donor was a state agency (Delaware Department of Health and Social Services. Form 1098-C was not required to be filed for the donation from a governmental entity. OTHER PROGRAM SERVICES Part III, Line 4d Other program services are Extension and Public Service, total expenses of $43,796,391; Academic Support, total expenses of $58,797,758; and Student Services, total expenses of $28,213,339. FORM 990 REVIEW Part VI, Section A, Line 10 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 2011). 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, Chapter 1, Section II(H). 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 approved by the full Board of Trustees. Such review 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. Schedule K, Part I, Line A 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 dormitories, to construct three new dormitory 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 dormitories, to construct three new dormitory buildings, and for other capital improvements. Schedule K, Part I, Line B 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 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 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 II PROCEEDS - BOND ISSUE 2004A/B LINE 1 - INCLUDES INTEREST EARNINGS $1,132,732 LINE 3 - NET OF DEBT SERVICE RESERVE FUND AND THE DEBT SERVICE FUND $2,697,958 SCHEDULE K, PART II PROCEEDS - BOND ISSUE 2005 LINE 1 - INCLUDES INTEREST EARNINGS $1,465,087 LINE 5 - INCLUDES CREDIT ENHANCEMENT FEES $30,000 SCHEDULE K, PART II PROCEEDS - BOND ISSUE 2009A LINE 3 - NO ESCROW, LOAN PAYOFF ON MARCH 17, 2009 $70,875,000 SCHEDULE L, PART IV, PATRICK T. HARKER - COLUMN D 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 $3,520,792. DR. HARKER IS ALSO AN UNPAID MEMBER OF THE BOARD OF ADVISORS OF DECESION LENS. THE UNIVERSITY'S VICE PRESIDENT OF COMMUNICATION AND MARKETING ENTERED INTO A LICENSE AGREEMENT WITH DECISION LENS IN THE AMOUNT OF $108,000. TRANSACTIONS WITH INTERESTED PERSONS SCHEDULE R, PART V, LINE 2 (8) AND (9) THE UNIVERSITY PROVIDES, WITHOUT COMPENSATION, BOOKKEEPING AND OTHER ADMINISTRATIVE SERVICES TO THE ALUMNI ASSOCIATION OF THE UNIVERSITY OF DELAWARE, UNIVERSITY OF DELAWARE RESEARCH FOUNDATION, UNIVERSITY OF DELAWARE LIBRARY ASSOCIATES, AND BLUE HEN WIND, INC. UNIVERSITY PERSONNEL RECEIVE NO COMPENSATION FROM THESE ORGANIZATIONS. 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