2023-04-14T15:56:54-05:00 2022-05-31 366055558 GRANT THORNTON LLP 1000 WILSON BLVD STE 1500 ARLINGTON VA 22209 990 2021-07-01 231352668 UNIVERSITY OF THE SCIENCES IN PHILADELPHIA UNIV 2155968862 600 SOUTH 43RD STREET PHILADELPHIA PA 191044495 DAVID R BEAUPRE SVP FOR FIN. & ADMIN AND TRES. 2155968862 2023-04-14 1 DAVID BEAUPRE XXX-XX-XXXX MARY TORRETTA P00847851 7038477500 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z X DAVID R BEAUPRE 600 SOUTH 43RD STREET PHILADELPHIA PA 191044495 110496623 0 X N/A X 1821 PA UNIVERSITY OF THE SCIENCES PREPARES STUDENTS TO BECOME LEADERS IN THE SCIENCES. SEE SCH. OUNIVERSITY OF THE SCIENCES PREPARES STUDENTS TO BECOME LEADERS, INNOVATORS, AND SKILLED PRACTITIONERS IN THE SCIENCES, THE HEALTH PROFESSIONS, AND RELATED DISCIPLINES. X 14 14 2117 87 313965 131154 7446181 10143477 82143977 79375335 4146517 11163558 428964 2339396 94165639 103021766 20600529 17724154 0 0 49076233 50799080 0 0 904963 46901815 54770679 116578577 123293913 -22412938 -20272147 406870373 0 195344945 0 211525428 0 X UNIVERSITY OF THE SCIENCES PREPARES STUDENTS TO BECOME LEADERS, INNOVATORS, AND SKILLED PRACTITIONERS IN THE SCIENCES, THE HEALTH PROFESSIONS, AND RELATED DISCIPLINES. WE DELIVER EXCELLENCE IN TEACHING, RESEARCH, AND SERVICE THROUGH A SAFE AND SUPPORTIVE ENVIRONMENT IN WHICH OUR STUDENTS LIVE, LEARN, AND SUCCEED. 0 1 55528125 17724154 79375335 UNIVERSITY OF THE SCIENCES: SEE SCHEDULE OTHE MISSION OF UNIVERSITY OF THE SCIENCES (USCIENCES) IS TO EDUCATE STUDENTS TO BECOME LEADERS AND INNOVATORS IN THE SCIENCES, THE HEALTH PROFESSIONS, AND EMERGING RELATED DISCIPLINES BY PROVIDING EXCELLENCE IN TEACHING, RESEARCH, AND SERVICE. THE UNIVERSITY PREPARES STUDENTS TO ENTER THE MARKETPLACE STRAIGHT FROM GRADUATION OR SEEK HIGHER DEGREES. FULLY ACCREDITED BY THE MIDDLE STATES COMMISSION ON HIGHER EDUCATION, USCIENCES WAS FOUNDED IN 1821 AS PHILADELPHIA COLLEGE OF PHARMACY, THE FIRST COLLEGE OF PHARMACY IN NORTH AMERICA. THE INSTITUTION CHANGED ITS NAME IN 1998 TO REFLECT THE BROADER RANGE OF ACADEMIC OPPORTUNITIES THE UNIVERSITY CURRENTLY OFFERS. USCIENCES BUILDS THE FOUNDATION FOR PROFESSIONAL SUCCESS BY PROVIDING STUDENTS WITH A CONCENTRATED CURRICULUM, HANDS-ON EDUCATION, AND REAL-WORLD EXPERIENCES. THE RESULTS ARE REWARDING, WELL-PAYING CAREERS AND DISCOVERIES ACROSS THE PHARMACEUTICAL, MEDICAL, HEALTHCARE, AND BIOTECH SPECTRUMS WORLDWIDE WHERE USCIENCES ALUMNI, FACULTY, AND STUDENTS ARE PROVEN EVERYWHERE THEY GO.TODAY, APPROXIMATELY 2,423 (1,387 UNDERGRADUATE STUDENTS, 1036 GRADUATE STUDENTS) STUDENTS ARE ENROLLED IN TOP MAJORS SUCH AS (WITH THE HIGHEST ENROLLMENT) PHARMACY, PHYSICAL THERAPY, BIOLOGY, AND OCCUPATIONAL THERAPY. THE UNIVERSITY STUDENT BODY IS >46% NON-WHITE AND 67% FEMALE. STUDENTS ENJOY A STUDENT/FACULTY RATIO OF 7:1 AND ACCESS TO MORE THAN 100 LABORATORIES AND COMPUTER LABS AND OVER 60 CLUBS AND CAMPUS ORGANIZATIONS. THROUGHOUT ITS HISTORY, THE UNIVERSITY HAS BEEN, AND CONTINUES TO BE, AN INCUBATOR FOR A THRIVING ALUMNI NETWORK WHO SHARE A PASSION FOR EXPLORATION AND DISCOVERY IN PHARMACY, SCIENCE, AND HEALTHCARE AS WELL AS FOR GOVERNMENTAL, BUSINESS, AND ADMINISTRATIVE PROFESSIONS. THE RESULTS OF A USCIENCES EDUCATION ARE REWARDING, WELL-PAYING CAREERS AND DISCOVERIES ACROSS THE PHARMACEUTICAL, MEDICAL, HEALTHCARE, AND BIOTECH SPECTRUMS WORLDWIDE: USCIENCES IS #1 IN PA, NJ, DE AND TOP 10 IN U.S. FOR RETURN ON INVESTMENT 40 YEARS AFTER ENROLLMENT AMONG PRIVATE FOUR-YEAR INSTITUTIONS, ACCORDING TO A REPORT ENTITLED "A FIRST TRY AT ROI: RANKING 4,500 COLLEGES" PUBLISHED BY GEORGETOWN UNIVERSITY IN 2019. USCIENCES PREPARES STUDENTS FOR IN-DEMAND HEALTH PROFESSIONS THAT RANK AMONG THE BEST JOBS IN THE U.S. INCLUDING DENTIST, PHYSICIAN, PHYSICAL THERAPIST, PHYSICIAN ASSISTANT, VETERINARIAN, AND OCCUPATIONAL THERAPIST (U.S. NEWS AND WORLD REPORT 2021) THE UNIVERSITY CAMPUS IS LOCATED ON A 24-ACRE SITE COMPRISED OF 23 BUILDINGS IN THE UNIVERSITY CITY SECTION OF PHILADELPHIA. AMONG USCIENCES NEWEST BUILDINGS IS THE LIVING & LEARNING COMMONS, A MIXED-USE RESIDENCE HALL WHICH SETS THE STANDARD FOR DYNAMIC LIVING AND LEARNING COMMUNITIES FOR SCIENCE AND HEALTH PROFESSIONAL STUDENTS. THE 436-BED RESIDENCE HALL OFFERS PRIVATE BATHROOMS, AND INCLUDES CLASSROOM, RETAIL, OFFICE AND STUDENT STUDY SPACE. THE INTEGRATED PROFESSIONAL EDUCATION COMPLEX A 57,000-SQUARE-FOOT, A THREE-STORY BUILDING WHICH OPENED IN 2014, SHOWCASES AN INTERPROFESSIONAL EDUCATION MODEL THAT PERMITS STUDENTS FROM SEVERAL DISCIPLINES, INCLUDING PHARMACY, PHYSICAL THERAPY, OCCUPATIONAL THERAPY, EXERCISE SCIENCE, PSYCHOLOGY, AND HEALTHCARE BUSINESS AND POLICY, TO OBTAIN TRADITIONAL AND HANDS-ON EXPERIENCE. NEWLY ADDED USCIENCES ONLINE OFFERS HIGH-QUALITY MASTER'S AND BACHELOR'S DEGREES AND CERTIFICATES THAT ARE IN-DEMAND AND ON A FLEXIBLE SCHEDULE ONLINE. 6690453 ACADEMIC SUPPORT: SEE SCHEDULE OACADEMIC SUPPORT - USCIENCES PROVIDES COMPREHENSIVE STUDENT-CENTERED LEARNING ASSISTANCE PROGRAMS, SERVICES, AND RESOURCES FOR ALL STUDENTS TO SUCCEED. USCIENCES UNDERGRADUATE STUDENTS HAVE ACCESS TO RESEARCH AS EARLY AS THEIR FIRST YEAR, STATE-OF-THE-ART EQUIPMENT IN OVER 100 LABS, AND QUALITY INTERNSHIP OPPORTUNITIES IN A CLOSE-KNIT LEARNING ENVIRONMENT. STUDENTS RECEIVE ONE-ON-ONE TUTORING ASSISTANCE FOR NUMEROUS LOWER-LEVEL AND UPPER-LEVEL COURSES. ADDITIONALLY, STUDENT SUCCESS WORKSHOPS ARE DESIGNED TO HELP STUDENTS DEVELOP EFFECTIVE STUDY SKILLS AND UTILIZE EFFECTIVE STRATEGIES. THE J.W. ENGLAND LIBRARY PROVIDES ACCESS TO SCHOLARLY MATERIALS AND INSTRUCTION IN THEIR USE. THE WRITING CENTER PROVIDES ONE-ON-ONE TUTORING FOR ANYONE IN THE UNIVERSITY COMMUNITY WORKING ON ANY KIND OF WRITING IN ANY STAGE OF DEVELOPMENT. THE HONORS PROGRAM AT USCIENCES OFFERS EXCEPTIONAL STUDENTS THE OPPORTUNITY FOR SPECIALIZED, INTENSIVE LEARNING EXPERIENCES BOTH INSIDE AND OUTSIDE THE CLASSROOM. 20356295 STUDENT SERVICES: SEE SCHEDULE OSTUDENT SERVICES -USCIENCES SEEKS TO ENRICH THE STUDENT'S EXPERIENCES ACADEMICALLY, CULTURALLY, AND SOCIALLY. THE STUDENT SERVICES UNITS ARE DESIGNED TO SUPPORT STUDENT SUCCESS IN THE AREAS OF CAMPUS ENGAGEMENT AND HOLISTIC WELLNESS THROUGH PROVIDING DEVELOPMENTAL OPPORTUNITIES. FROM ENROLLMENT TO GRADUATION, WE SUPPORT THE STUDENT THROUGH QUALITY STUDENT-CENTERED PROGRAMMING AND SERVICES THAT SUPPORT THE EMOTIONAL, INTELLECTUAL, PERSONAL, AND ETHICAL GROWTH OF THE INDIVIDUAL STUDENT BY PROMOTING SUCCESS. THIS SUPPORT STARTS WITH PROGRAMS AT ORIENTATION AND CONTINUES WITH PROGRAMS IN INTERCOLLEGIATE ATHLETICS, GREEK LIFE, STUDENT GOVERNMENT, RESIDENCE LIFE, INTERNATIONAL STUDENT SERVICES, HEALTH AND COUNSELING, AND CAREER SERVICES. THE UNIVERSITY OFFERS MANY INTERCOLLEGIATE SPORTS COMPETING AT THE NCAA DIVISION II LEVEL. OUR STUDENT HEALTH AND COUNSELING CENTER OFFERS A FULL RANGE OF CLINICAL SERVICES ACCESSIBLE TO ALL OF OUR STUDENTS. CAREER SERVICES FACILITATES THE PROCESS OF CAREER PLANNING AND HOSTS OPPORTUNITIES FOR STUDENTS TO EXPLORE CAREER OPPORTUNITIES (I.E. CAREER FAIR, NETWORKING EVENTS). STUDENT LIFE ENGAGES STUDENT LEADERS THROUGH A PROGRAM DESIGNED TO HELP STUDENTS DEVELOP LEADERSHIP SKILLS WHILE AT THE UNIVERSITY AND BEYOND. ACADEMIC ADVISING SUPPORTS STUDENT SUCCESS THROUGH AN INTENTIONAL ADVISING MODEL THAT FOCUSES ON DEVELOPING STUDENT HOLISTICALLY. 15151482 0 0 15151482 97726355 1 1 0 1 0 0 0 0 0 1 0 0 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 1 0 0 0 1 191 0 1 2117 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 14 14 0 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 PA X APRIL P LEE 6106601329 5600 CITY AVENUE PHILADELPHIA PA 19131 ED MERCADANTE BOARD MEMBER 1.00 0.00 X 0 0 0 CEDRIC H JONES BOARD MEMBER 1.00 0.00 X 0 0 0 ROBIN L KEYACK BOARD MEMBER 1.00 0.00 X 0 0 0 MICHAEL J SOFIA BOARD MEMBER 1.00 0.00 X 0 0 0 SAM WETHERILL BOARD MEMBER 1.00 0.00 X 0 0 0 ROSE MARY B HOY BOARD MEMBER 3.00 0.00 X 0 0 0 JAY BORNEMAN BOARD MEMBER 1.00 0.00 X 0 0 0 MICHAEL C HEMSLEY BOARD MEMBER 3.00 0.00 X 0 0 0 CARLA HENDRICKS BOARD MEMBER 1.00 0.00 X 0 0 0 RICHARD HOWARD BOARD MEMBER 1.00 0.00 X 0 0 0 JAMES J RIVARD BOARD MEMBER 1.00 0.00 X 0 0 0 EJ JOHNSON BOARD MEMBER 1.00 0.00 X 0 0 0 LOUIS J LUPO BOARD MEMBER 1.00 0.00 X 0 0 0 JOSEPH F RITCHIE BOARD MEMBER 1.00 0.00 X 0 0 0 VALERIE WEIL PRESIDENT 40.00 0.00 X 430243 0 44500 PAUL KATZ PRESIDENT (THRU 7/21) 40.00 0.00 X 369736 0 38287 JILL BAREN PROVOST & VP OF ACADEMIC AFFAIRS 40.00 0.00 X 343047 0 27603 RONALD KISHEN VP, UNSCIENCES ONLINE 40.00 0.00 X 281955 0 43772 ODESSA JACKSON GEN. COUNSEL, SEC, CCO (THRU 3/22) 40.00 0.00 X 281661 0 32435 PATRICIA VANSTON VP BUS DEV.& ENROLL. MGMT 40.00 0.00 X 265517 0 23467 BRIGID ISACKMAN INTERIM CHIEF, FINANCIAL & OPERATING OFFICER 40.00 0.00 X 200928 0 34278 ROBERT RUDD VP INST. ADVANCEMENT (THRU 5/22) 40.00 0.00 X 237727 0 36292 EDWARD FOOTE DEAN OF PHARMACY 40.00 0.00 X 258127 0 40484 SINCLAIR SMITH DEAN, SAMSON COLLEGE OF HEALTH SCI. 40.00 0.00 X 197356 0 22506 MARK NESTOR ASSOCIATE VP, CIO 40.00 0.00 X 169466 0 30888 NATHAN BAIRD INTERIM DEAN, MCAS 40.00 0.00 X 162848 0 30507 CATHY POON CHAIR OF PHARM PRACTICE 40.00 0.00 X 212663 0 24940 ANDREW PETERSON EXECUTIVE DIRECTOR SUDI 40.00 0.00 X 206667 0 36233 PARDEEP GUPTA PROFESSOR 40.00 0.00 X 180269 0 32006 ADEBOYE ADEJARE PROFESSOR OF PHARMACEUTICAL SCIENCES 40.00 0.00 X 168782 0 21128 LAURA WAITE ASSO. PROF. OF CLINICAL PHARMACY 40.00 0.00 X 163994 0 23700 4130986 0 543026 93 0 1 0 SODEXO 9801 WASHINGTONIAN BLVD GAITHERSBURG MD 20878 DINING SERVICES 2310296 UNIVERSAL PROTECTION SERVICE LP 3606 HORIZON DRIVE KING OF PRUSSIA PA 19406 SECURITY SERVICES 1990248 WORKDAY INC 6230 STONERIDGE MALL RD PLEASANTON CA 94588 TECHNOLOGY SERVICES 1768610 ALOYSIUS BUTLER CLARK 819 N WASHINGTON ST WILMINGTON DE 19801 MARKETING 1652357 ADVANCED FACILITIES SERVICES 12399 S FOXTON RD CONIFER CO 80433 HOUSEKEEPING 1409147 46 5833459 4310018 10143477 TUITION AND FEES 900099 71952984 71952984 AUXILIARY SERVICES 900099 7422351 7422351 79375335 9164108 40329 9123779 112630 26331 110459 0 2171 26331 28502 28502 9363848 7364398 1999450 1999450 1999450 W/O OF UNCOLLECTABLE LIABILITIES 900099 1477339 1477339 GEISINGER PAYMENT 900099 400000 400000 SALES & SERVICES 900099 321819 76685 245134 111736 111736 2310894 103021766 79452020 313965 13112304 X 17724154 17724154 4130983 2175706 1717550 237727 38508050 34231790 3903165 373095 2568167 2192839 338538 36790 2454495 1535374 868928 50193 3137385 2719872 376588 40925 1308741 296506 1012235 121045 14200 106845 55000 55000 358687 358687 14758442 10271916 4433586 52940 2114467 2107216 7251 1336503 1204474 109350 22679 800659 627596 168091 4972 2664432 2208332 455870 230 392030 364944 26193 893 99054 94324 3333 1397 6951919 5130772 1821147 9343361 6124049 3219312 505332 14192 491140 LIBRARY AND PERIODICALS 1071821 1071821 0 0 EQUIPMENT 1061535 1014862 46673 0 PRINTING AND DUPL 119729 97596 0 22133 11707922 6145133 5501800 60989 123293913 97726355 24662595 904963 0 0 24933902 0 109469 0 11184880 0 0 0 0 0 3261940 0 0 0 2383949 0 0 194745553 0 128530524 0 41720156 0 0 0 0 0 0 0 406870373 0 9110518 0 3181996 0 5566439 0 176406429 0 0 0 0 0 0 0 0 0 1079563 0 195344945 0 X 136365543 0 75159885 0 211525428 0 406870373 0 X -20272147 -17925699 -173327582 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 1 55000 0 0 55000 0 PART II-B, LINE 1D THE UNIVERSITY PAYS A THIRD PARTY LOBBYING FIRM TO MEET WITH STATE OFFICIALS AND PROCURE GRANT FUNDING. 164885128 304484 -7534907 9000000 67578 145646092 338858 38900103 9130000 10869925 164885128 162149152 139207 2326433 9000000 9968700 145646092 171782269 256935 7118914 9000000 8008966 162149152 167785865 292027 12705231 9000000 854 171782269 1 0 0 X 67533089 -17925699 -17925699 85458788 17562978 17562978 103021766 104120373 110459 110459 104009914 19283999 19283999 123293913 PART V, LINE 4: THE UNIVERSITY'S ENDOWMENT IS INTENDED TO PROVIDE BOTH A SOURCE OF OPERATING FUNDS AS WELL AS LONG-TERM FINANCIAL STABILITY FOR THE UNIVERSITY. AS A RESULT OF THE MERGER AND DISSOLUTION OF THE ORGANIZATION, ALL ENDOWMENT ASSETS WERE TRANSFERRED TO ST. JOSEPH'S UNIVERSITY IN ACCORDANCE WITH THE PLAN FOR DISSOLUTION. PART X, LINE 2: THE UNIVERSITY HAS PROCESSES PRESENTLY IN PLACE TO ENSURE THE MAINTENANCE OF ITS TAX-EXEMPT STATUS; TO IDENTIFY AND REPORT UNRELATED INCOME; TO DETERMINE ITS FILING AND TAX OBLIGATIONS IN JURISDICTIONS FOR WHICH IT HAS NEXUS; AND TO IDENTIFY AND EVALUATE OTHER MATTERS THAT MAY BE CONSIDERED TAX POSITIONS. THE UNIVERSITY HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. PART XI, LINE 4B - OTHER ADJUSTMENTS: RECLASS OF EXPENSES - RENT -110,459. RECLASS OF ANNUITY ADJUSTMENT -50,717. RECLASS OF SCHOLARSHIPS 17,724,154. PART XII, LINE 2D - OTHER ADJUSTMENTS: RECLASS OF EXPENSES - RENT 110,459. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS 17,724,154. ANNUITY ADJUSTMENT -50,717. TRANSACTION COST 1,610,562. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 AN AFFIRMATIVE ACTION STATEMENT IS CONTAINED IN ALL ADMISSIONS MATERIALS AND IN THE UNIVERSITY CATALOG. THE UNIVERSITY CATALOG IS AVAILABLE ON THE UNIVERSITY WEBSITE. BEFORE ITS MERGER WITH SAINT JOSEPH'S UNIVERSITY, THE UNIVERSITY'S AFFIRMATIVE ACTION STATEMENT WAS INCLUDED ON THE UNIVERSITY'S WEBSITE. SCHEDULE E, PART I, LINE 6 THE UNIVERSITY OF THE SCIENCES IN PHILADELPHIA RECEIVED $5,833,459 IN GOVERNMENT GRANTS FOR THE YEAR ENDED MAY 31, 2022. 1 INSTITUTIONAL SCHOLARSHIP AWARD 2300 17724154 0 PART I, LINE 2 THE UNIVERSITY GRANT POLICY IS CONTAINED IN ALL ADMISSIONS MATERIAL, IN THE UNIVERSITY CATALOG, AND CAN ALSO BE FOUND ON THE UNIVERSITY'S WEBSITE. THE UNIVERSITY USES A MATRIX MODEL TO AWARD MERIT-BASED SCHOLARSHIP AID AT THE TIME A STUDENT IS ADMITTED TO THE UNIVERSITY. THE AMOUNT AWARDED IS BASED ON THE STUDENT'S HIGHEST SAT OR ACT SCORES AND WEIGHTED CUMULATIVE GRADE POINT AVERAGE. ADDITIONAL FINANCIAL AID AWARDS ARE DETERMINED IN CONJUNCTION WITH A STUDENT'S ACADEMIC AND THE FAMILY'S FINANCIAL INFORMATION TO DETERMINE THE EXACT SIZE AND COMPOSITION OF THE FINAL FINANCIAL AID PACKAGES. THE TYPICAL FINANCIAL AID PACKAGE CONSISTS OF SCHOLARSHIPS, GRANTS, LOANS, AND AN OPPORTUNITY TO PARTICIPATE IN A WORK STUDY PROGRAM WHICH SUPPLEMENTS EACH FAMILY'S CONTRIBUTION TO THE TOTAL COST OF EDUCATION. THE AWARDS ARE DETERMINED BASED UPON THE RESULTS OF THE FREE APPLICATION FOR FEDERAL STUDENT AID (FAFSA) CONTAINING INFORMATION PROVIDED BY THE STUDENT AND PARENTS. X X X 0 0 0 0 0 0 0 1 0 VALERIE WEIL PRESIDENT 429613 0 0 0 630 0 23200 0 21300 0 474743 0 0 0 PAUL KATZ PRESIDENT (THRU 7/21) 313184 0 56100 0 452 0 23200 0 15087 0 408023 0 0 0 JILL BAREN PROVOST & VP OF ACADEMIC AFFAIRS 304027 0 30600 0 8420 0 23200 0 4403 0 370650 0 0 0 RONALD KISHEN VP, UNSCIENCES ONLINE 281955 0 0 0 0 0 22659 0 21113 0 325727 0 0 0 ODESSA JACKSON GEN. COUNSEL, SEC, CCO (THRU 3/22) 280821 0 0 0 840 0 22593 0 9842 0 314096 0 0 0 EDWARD FOOTE DEAN OF PHARMACY 258127 0 0 0 0 0 21011 0 19473 0 298611 0 0 0 PATRICIA VANSTON VP BUS DEV.& ENROLL. MGMT 265097 0 0 0 420 0 21011 0 2456 0 288984 0 0 0 ROBERT RUDD VP INST. ADVANCEMENT (THRU 5/22) 237307 0 0 0 420 0 18910 0 17382 0 274019 0 0 0 ANDREW PETERSON EXECUTIVE DIRECTOR SUDI 176474 0 0 0 30193 0 17257 0 18976 0 242900 0 0 0 CATHY POON CHAIR OF PHARM PRACTICE 143717 0 0 0 68946 0 17216 0 7724 0 237603 0 0 0 BRIGID ISACKMAN INTERIM CHIEF, FINANCIAL & OPERATING 149490 0 2123 0 49315 0 16221 0 18057 0 235206 0 0 0 SINCLAIR SMITH DEAN, SAMSON COLLEGE OF HEALTH SCI. 197356 0 0 0 0 0 16156 0 6350 0 219862 0 0 0 PARDEEP GUPTA PROFESSOR 128439 0 0 0 51830 0 13153 0 18853 0 212275 0 0 0 MARK NESTOR ASSOCIATE VP, CIO 158217 0 10829 0 420 0 13116 0 17772 0 200354 0 0 0 NATHAN BAIRD INTERIM DEAN, MCAS 110540 0 0 0 52308 0 13125 0 17382 0 193355 0 0 0 ADEBOYE ADEJARE PROFESSOR OF PHARMACEUTICAL SCIENCES 140777 0 0 0 28005 0 13525 0 7603 0 189910 0 0 0 LAURA WAITE ASSO. PROF. OF CLINICAL PHARMACY 114521 0 8357 0 41116 0 13161 0 10539 0 187694 0 0 0 PART I, LINE 7 OFFICERS OR EMPLOYEES MAY RECEIVE BONUS PAYMENTS. BONUS AMOUNTS ARE BASED ON INDIVIDUAL PERFORMANCE AGAINST PREDETERMINED GOALS AND/OR A RECRUITMENT INCENTIVE. A PENNSYLVANIA HIGHER EDUCATION FINANCING AUTHORITY 232243852 70917RQY2 2012-09-12 31000000 IPEX BUILDING 0 0 0 B PENNSYLVANIA HIGHER EDUCATION FINANCING AUTHORITY 232243852 70917RQY2 2015-02-20 83760000 REDEEM 2005 AND 2008 BONDS 0 0 0 C PHILA AUTHORITY FOR INDUSTRIAL DEVELOPMENT 232237287 71781XCY7 2017-04-26 62280000 U1/U2 RESIDENTIAL HOUSING PROJECT 0 0 0 A 31000000 413773 31000000 2014 0 0 1 1 B 83760000 838359 2015 1 1 1 1 C 66716062 854978 65861084 2019 0 0 0 1 A 0 0 0 0 0 0 1 B 0 1 0 0 0.00920 0.00920 0 0 1 C 0 1 0 0 0.00880 0.00880 0.01760 0 0 1 A 0 0 0 1 0 0 0 0 1 B 0 0 0 1 0 0 0 0 1 C 0 0 0 1 0 0 0 0 1 A 1 B 1 C 1 SCHEDULE K SUPPLENTAL INFORMATION FINAL REBATE CALCULATION FOR THE BOND ISSUE DESCRIBED IN A (DATED DATE 09/12/12) WAS PERFORMED ON JULY 27, 2015. FINAL REBATE CALCULATION FOR THE BOND ISSUE DESCRIBED IN B (DATED DATE 02/20/15) WAS PERFORMED ON DECEMBER 6, 2018. FINAL REBATE CALCULATION FOR THE BOND ISSUE DESCRIBED IN C (DATED DATE 04/26/17) WAS PERFORMED ON NOVEMBER 4, 2021. SAVINGS AND TEMPORARY CASH INVESTMENTS 2022-05-31 12343641 FMV 231352674 SAINT JOSEPH'S UNIVERSITY 5600 CITY AVENUE PHILADELPHIA PA 19131 501(C)(3) PLEDGES AND GRANTS RECIEVABLE 2022-05-31 56972 FMV 231352674 SAINT JOSEPH'S UNIVERSITY 5600 CITY AVENUE PHILADELPHIA PA 19131 501(C)(3) ACCOUNTS RECIEVABLE 2022-05-31 13724819 FMV 231352674 SAINT JOSEPH'S UNIVERSITY 5600 CITY AVENUE PHILADELPHIA PA 19131 501(C)(3) NOTES AND LOANS RECIEVABLE 2022-05-31 3227801 FMV 231352674 SAINT JOSEPH'S UNIVERSITY 5600 CITY AVENUE PHILADELPHIA PA 19131 501(C)(3) PREPAID EXPENSES AND DEFERRED CHARGES 2022-05-31 2059860 FMV 231352674 SAINT JOSEPH'S UNIVERSITY 5600 CITY AVENUE PHILADELPHIA PA 19131 501(C)(3) LAND, BUILDINGS, AND EQUIPMENT 2022-05-31 185974932 FMV 231352674 SAINT JOSEPH'S UNIVERSITY 5600 CITY AVENUE PHILADELPHIA PA 19131 501(C)(3) INVESTMENTS - PUBLICLY TRADED SECURITIES 2022-05-31 121292527 FMV 231352674 SAINT JOSEPH'S UNIVERSITY 5600 CITY AVENUE PHILADELPHIA PA 19131 501(C)(3) INVESTMENTS - OTHER SECURITIES 2022-05-31 28229503 FMV 231352674 SAINT JOSEPH'S UNIVERSITY 5600 CITY AVENUE PHILADELPHIA PA 19131 501(C)(3) 1 1 0 0 1 1 1 1 1 0 PART I, LINE 2E: EXPLANATION OF INVOLVEMENT: FORMER DIRECTORS OF UNIVERSITY OF THE SCIENCES - JAY BORNEMAN, ED MERCADANTE, MICHAEL HEMSELY, AND MICHAEL SOFIA BECAME TRUSTEES AT SAINT JOSEPH'S UNIVERSITY FOLLOWING THE MERGER OF THE ORGANIZATIONS. FORMER OFFICER - BRIGID ISACKMAN BECAME A INDEPENDENT CONTRACTOR AT SAINT JOESPH'S UNIVERSITY FOLLOWING THE MERGER OF THE ORGANIZATIONS.FORMER KEY EMPLOYEES - EDWARD FOOTE, SINCLAIR SMITH, AND NATHAN BAIRD BECAME EMPLOYEES AT SAINT JOSEPH'S UNIVERSITY FOLLOWING THE MERGER OF THE ORGANIZATIONS. PART I, LINE 6C: EFFECTIVE JUNE 1, 2022, UNIVERSITY OF THE SCIENCES MERGED WITH SAINT JOSEPH'S UNIVERSITY. SAINT JOSEPH'S UNIVERSITY IS THE SURVIVING ENTITY AND ASSUMED ALL ASSETS AND LIABILITIES OF UNIVERSITY OF THE SCIENCES. THIS INCLUDES THE TAX EXEMPT BONDS REPORTED ON UNIVERSITY OF THE SCIENCES' SCHEDULE K: CUSIP #S 70917RQY2 AND 71781XCY7. FORM 990, PART III, LINE 3 EFFECTIVE JUNE 1, 2022 UNIVERSITY OF THE SCIENCES MERGED WITH SAINT JOSEPH'S UNIVERSITY. UNIVERSITY OF THE SCIENCES DID NOT SURVIVE AS A RESULT OF THE MERGER. AT THE TIME OF MERGER, SAINT JOSEPH'S UNIVERSITY PLANNED TO CONTINUE THE ACADEMIC PROGRAMS PREVIOUSLY OFFERED AT UNIVERSITY OF THE SCIENCES. THE MERGER AGREEMENT STIPULATED THAT STUDENTS OF THE UNIVERSITY OF THE SCIENCES WOULD BE OTHERWISE PROVIDED FOR BY ANOTHER COMPARABLE SAINT JOSEPH'S UNIVERSITY ACADEMIC PROGRAM OR BY ANOTHER UNIVERSITY OR COLLEGE VIA AN AFFILIATION OR ARTICULATION AGREEMENT. FORM 990, PART VI, SECTION A, LINE 4 EFFECTIVE JUNE 1, 2022 UNIVERSITY OF THE SCIENCES MERGED INTO SAINT JOSEPH'S UNIVERSITY WHEREUPON THE SEPARATE EXISTENCE OF UNIVERSITY OF THE SCIENCES CEASED AND SAINT JOSEPH'S UNIVERSITY BECAME THE SURVIVING CORPORATION. THE ARTICLES OF INCORPORATION OF SAINT JOSEPH'S UNIVERSITY IN EFFECT AT THE TIME OF MERGER SERVE AS THE ARTICLES OF INCORPORATION FOR THE SURVIVING CORPORATION. FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS PREPARED BY OUTSIDE INDEPENDENT TAX ADVISORS AND IS REVIEWED BY THE UNIVERSITY. THE 990 IS REVIEWED BY THE AUDIT COMMITTEE AND IS MADE AVAILABLE TO THE BOARD OF TRUSTEES PRIOR TO THE FILING DEADLINE. FORM 990, 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 POLICIES WHICH ARE INTENDED TO PERMIT THE UNIVERSITY AND ITS TRUSTEES, OFFICERS AND OTHER KEY EMPLOYEES TO IDENTIFY, EVALUATE AND ADDRESS ANY CONFLICT OF INTEREST THAT MIGHT CALL INTO QUESTION THIS FIDUCIARY DUTY TO THE UNIVERSITY. EACH TRUSTEE, OFFICER AND KEY EMPLOYEE IS REQUIRED TO REPORT ANY CONFLICTS OF INTEREST TO THE UNIVERSITY AS SOON AS PRACTICAL AFTER THEY BECOME AWARE OF SUCH A CONFLICT. EACH TRUSTEE, OFFICER AND KEY EMPLOYEE SHALL ALSO ANNUALLY COMPLETE A CONFLICT OF INTEREST QUESTIONNAIRE. THE UNIVERSITY MONITORS COMPLIANCE WITH ITS CONFLICT OF INTEREST POLICIES BY REVIEW OF THE ANNUAL CONFLICT OF INTEREST QUESTIONNAIRES BY THE UNIVERSITY SECRETARY. IF CONFLICTS OF INTEREST EXIST FOR OFFICERS AND KEY EMPLOYEES, THE AUDIT AND COMPLIANCE COMMITTEE OF THE BOARD OF TRUSTEES IS NOTIFIED BY THE SECRETARY AND THE COMMITTEE DETERMINES THE CORRECTIVE MEASURE, IF ANY, TO BE TAKEN TO RESOLVE THE CONFLICT, OR WILL IMPOSE APPROPRIATE RESTRICTIONS, IF ANY ON THE PERSON WITH THE CONFLICT. FOR CONFLICTS OF INTEREST INVOLVING THE TRUSTEES, THE AUDIT AND COMPLIANCE COMMITTEE OF THE BOARD OF TRUSTEES WILL BE NOTIFIED OF THE CONFLICT AND DETERMINES THE CORRECTIVE MEASURE, IF ANY, TO BE TAKEN TO RESOLVE THE CONFLICT, OR WILL IMPOSE APPROPRIATE RESTRICTIONS, IF ANY ON THE TRUSTEE WITH THE CONFLICT. THE AUDIT AND COMPLIANCE COMMITTEE OR THE TRUSTEE INVOLVED MAY REFER THE MATTER TO THE FULL BOARD FOR A DETERMINATION AS TO WHETHER A CONFLICT EXISTS. IF A CONFLICT IS FOUND TO EXIST, THE BOARD OF TRUSTEES, EXCLUDING SUCH CONFLICTED PERSON, HAS THE FINAL APPROVAL OF ANY RECOMMENDED CORRECTIVE MEASURES OR IMPOSED RESTRICTIONS. SUCH RESTRICTIONS MAY REQUIRE EXCLUDING CONFLICTED PERSONS FROM DISCUSSION AND APPROVAL OF TRANSACTIONS BENEFITTING THEM, DIRECTLY OR INDIRECTLY. FORM 990, PART VI, SECTION B, LINE 15 LINE 15A: PURPOSE - TO ESTABLISH THE PARAMETERS REGARDING EXECUTIVE COMPENSATION, WITH THE OBJECTIVE OF PROVIDING TOTAL COMPENSATION TO THE PRESIDENT AND HIS EXECUTIVE LEADERSHIP TEAM WHICH WILL SERVE TO MAINTAIN A COMPETITIVE MARKET POSITION AND RECOGNIZE THE ACHIEVEMENT OF ESTABLISHED FINANCIAL, QUALITY AND STRATEGIC GOALS FOR THE UNIVERSITY AND TO RECOGNIZE INDIVIDUAL PERFORMANCE, CONSISTENT WITH THE LAWS, REGULATIONS AND PRINCIPLES GOVERNING NON-PROFIT COMPENSATION. AS USED HEREIN, "EXECUTIVES" SHALL BE THE PRESIDENT'S EXECUTIVE LEADERSHIP TEAM. PROCEDURE - TO ESTABLISH A LEVEL OF COMPENSATION REQUIRED TO RECRUIT AND RETAIN EXECUTIVES, THE UNIVERSITY SHALL GIVE PRIMARY CONSIDERATION TO DATA ON EXECUTIVE COMPENSATION FOR COMPARABLE POSITIONS. AS A GENERAL RULE, "COMPARABLE POSITIONS" ARE THOSE LIKE POSITIONS WITHIN HIGHER EDUCATION THAT ARE SIMILAR TO THE UNIVERSITY IN TERMS OF REVENUE, NUMBER OF STUDENTS, SIZE OF ENDOWMENT, NUMBER OF EMPLOYEES AND/OR GEOGRAPHIC AREA. THE EXECUTIVE COMMITTEE OF THE UNIVERSITY BOARD OF TRUSTEES (EXECUTIVE COMMITTEE) SHALL APPROVE THE PRESIDENT'S COMPENSATION, INCLUDING WITHOUT LIMITATION, BASE COMPENSATION, INCENTIVE COMPENSATION, DEFERRED COMPENSATION, FRINGE AND OTHER BENEFITS. EACH EXECUTIVE COMMITTEE MEMBER VOTING ON THE PRESIDENT'S COMPENSATION ARRANGEMENT SHALL ENSURE THAT (S)HE HAS NO CONFLICT OF INTEREST, INCLUDING THAT (S)HE (A) DOES NOT ECONOMICALLY BENEFIT FROM PROPOSED EMPLOYEE; (B) DOES NOT RECEIVE COMPENSATION SUBJECT TO THE APPROVAL OF THE PROPOSED EMPLOYEE; AND (C) HAS NO MATERIAL FINANCIAL INTEREST AFFECTED BY THE TRANSACTION. THE DECISIONS OF THE EXECUTIVE COMMITTEE REGARDING THE PRESIDENT'S COMPENSATION AND THE DECISIONS OF THE PRESIDENT REGARDING THE EXECUTIVES COMPENSATION IS TO BE DOCUMENTED. LINE 15B: THE PRESIDENT SHALL APPROVE ALL EXECUTIVE COMPENSATION FOR THE EXECUTIVE LEADERSHIP TEAM, WHICH SHALL INCLUDE ALL COMPENSATION COMPONENTS, INCLUDING WITHOUT LIMITATION, BASE COMPENSATION, INCENTIVE COMPENSATION, DEFERRED COMPENSATION, FRINGE AND OTHER BENEFITS. THE PRESIDENT AND THE EXECUTIVE COMMITTEE SHALL USE COMPARABILITY DATA PROVIDED BY THE UNIVERSITY'S HUMAN RESOURCES DEPARTMENT, WHICH MAY INCLUDE INDUSTRY SURVEYS, EXPERT COMPENSATION STUDIES, DOCUMENTED COMPENSATION OF PERSONS HOLDING SIMILAR POSITIONS, OR OTHER COMPARABLE DATA IN APPROVING ANY COMPENSATION CHANGES. THE PRESIDENT AND THE EXECUTIVE COMMITTEE SHALL PERIODICALLY RETAIN THE SERVICES OF A COMPENSATION CONSULTANT TO PROVIDE AN EXTERNAL ASSESSMENT OF THE UNIVERSITY'S COMPENSATION ANALYSIS. IT SHOULD BE NOTED THAT THIS INFORMATION IS USED TO ARRIVE AT A REASONABLE AND ARM'S LENGTH DETERMINATION OF TOTAL COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G OUTSIDE CONTRACTORS: PROGRAM SERVICE EXPENSES 10,271,916. MANAGEMENT AND GENERAL EXPENSES 4,433,586. FUNDRAISING EXPENSES 52,940. TOTAL EXPENSES 14,758,442. FORM 990, PART XI, LINE 9: TRANSACTION COSTS 1,610,562. NET ASSET TRANSFER TO SAINT JOSEPH'S UNIVERSITY UPON JUNE 1, 2022 MERGER -174,938,144. FORM 990, PART XII, LINE 2B THE FINANCIAL STATEMENTS REFERENCED IN PART XII REFLECT THE FINANCIAL STANDING OF THE ORGANIZATION AS OF MAY 31, 2022. EFFECTIVE JUNE 1, 2022 UNIVERSITY OF THE SCIENCES MERGED WITH AND INTO SAINT JOSEPH'S UNIVERSITY WHEREUPON THE SEPARATE EXISTENCE OF UNIVERSITY OF THE SCIENCES CEASED AND SAINT JOSEPH'S UNIVERSITY BECAME THE SURVIVING ORGANIZATION. FROM AND AFTER THE EFFECTIVE DATE, SAINT JOSEPH'S UNIVERSITY ASSUMED ALL ASSETS AND LIABILITIES OF UNIVERSITY OF THE SCIENCES. THE REPORTING ON THE BALANCE SHEET OF THIS FORM 990 REFLECTS THE UNIVERSITY OF THE SCIENCES' FINANCIAL STANDING ON THE EFFECTIVE DATE OF THE MERGER, JUNE 1, 2022. 4605 CHESTER REALTY LLC 600 SOUTH 43RD STREET PHILADELPHIA PA 19104 INACTIVE PA 0 0 USCIENCES 4107 CHESTER REALTY LLC 600 SOUTH 43RD STREET PHILADELPHIA PA 19104 INACTIVE PA 0 0 USCIENCES 4203 CHESTER REALTY LLC 600 SOUTH 43RD STREET PHILADELPHIA PA 19104 INACTIVE PA 0 0 USCIENCES 4300 CHESTER REALTY LLC 600 SOUTH 43RD STREET PHILADELPHIA PA 19104 INACTIVE PA 0 0 USCIENCES KINGSESSING REALTY LLC 600 SOUTH 43RD STREET PHILADELPHIA PA 19104 233067213 REAL ESTATE PA 0 0 USCIENCES