2022-03-24T12:27:54-05:00 2021-05-31 251408703 SCHNEIDER DOWNS & CO INC ONE PPG PLACE SUITE 1700 PITTSBURGH PA 15222 990 2020-06-01 240795506 WILKES UNIVERSITY WILK 5704084500 84 WEST SOUTH STREET WILKES BARRE PA 18766 ELLEN GALLAGHER VP OF FINANCE AND COO 5704084500 2022-03-22 1 ELLEN GALLAGHER XXX-XX-XXXX SARAH R PIOT P01358891 4122613644 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z GREG CANT PRESIDENT 84 WEST SOUTH STREET WILKES BARRE PA 18766 163459279 0 X WWW.WILKES.EDU X 1933 PA TO EDUCATE THROUGH A COMMITMENT TO ATTENTION, EXCEPTIONAL TEACHING, AND ACADEMIC EXCELLENCE. 31 29 1807 202 0 0 10668203 10426784 127287723 129356777 1365912 6170532 102651 128764 139424489 146082857 41633689 42178127 0 0 64192696 58957825 0 0 841044 36639737 36042994 142466122 137178946 -3041633 8903911 232735413 257594047 107706458 112942930 125028955 144651117 X SEE SCHEDULE O 0 0 80983385 42023816 114381146 INSTRUCTION AND SCHOLARSHIPS - INCLUDES ALL EXPENDITURES FOR ACTIVITIES THAT ARE PART OF THE INSTITUTION'S INSTRUCTIONAL PROGRAMS. THIS INCLUDES CREDIT AND NON CREDIT COURSES, ACADEMIC, VOCATIONAL AND TECHNICAL INSTRUCTION. THE UNIVERSITY OFFERS 48 UNDERGRADUATE MAJORS, 15 GRADUATE PROGRAMS AND SEVERAL PRE-PROFESSIONAL PROGRAMS. ENROLLMENT INCLUDES 2,007 FULL-TIME UNDERGRADUATE STUDENTS FROM 31 STATES, PUERTO RICO AND 13 FOREIGN COUNTRIES. CLASS SIZES ARE KEPT SMALL TO ENABLE GREATER ACCESS TO PROFESSORS AND MORE INDIVIDUALIZED ATTENTION IN THE CLASSROOM. UNDERGRADUATE FRESHMEN CLASS SIZES AVERAGE 19 STUDENTS WITH 17 STUDENTS FOR UPPER LEVEL CLASSES. WILKES IS DEDICATED TO BEING A LEADER IN HIGHER EDUCATION THROUGHOUT THE NORTHEASTERN UNITED STATES AND IS DEDICATED TO ACADEMIC EXCELLENCE (CONTINUED ON SCHEDULE O) THROUGH MENTORING. THIS ALSO INCLUDES EXPENDITURES FOR GENERAL, NEED BASED, AND ENDOWMENT SCHOLARSHIPS AND FELLOWSHIPS FROM RESTRICTED OR UNRESTRICTED CURRENT FUNDS IN THE FORM OF GRANTS TO STUDENTS. AT LEAST 90% OF STUDENTS RECEIVED SOME FORM OF FINANCIAL AID. GRANTS AWARDED INCLUDE SEOG SCHOLARSHIPS, WILKES NEED BASED GRANTS AND WILKES MERIT BASED SCHOLARSHIPS. 25646083 154311 14975631 STUDENT SERVICES - INCLUDES FUNDS EXPENDED FOR ACTIVITIES WITH THE PRIMARY PURPOSE OF CONTRIBUTING TO THE STUDENTS' EMOTIONAL AND PHYSICAL WELL-BEING AND INTELLECTUAL, CULTURAL, AND SOCIAL DEVELOPMENT OUTSIDE THE CONTEXT OF THE FORMAL INSTRUCTION PROGRAM. WILKES CLASSIFIES THE FOLLOWING OFFICES INTO THIS PROGRAM: OFFICES OF ENROLLMENT SERVICES (ADMISSIONS), REGISTRAR, FINANCIAL AID ADMINISTRATION, CAREER SERVICES, AND HEALTH AND WELLNESS SERVICES. IN ADDITION, EXPENDITURES FOR STUDENT ACTIVITIES, CULTURAL EVENTS, INTRAMURAL AND INTERCOLLEGIATE ATHLETICS, FRESHMAN ORIENTATION, AND STUDENT CLUBS AND ORGANIZATIONS ARE CONSIDERED STUDENT SERVICES FOR FINANCIAL STATEMENT PURPOSES. 14399510 ACADEMIC SUPPORT - INCLUDES FUNDS EXPENDED TO PROVIDE SUPPORT SERVICES FOR THE INSTITUTION'S PRIMARY MISSION OF INSTRUCTION, RESEARCH, AND PUBLIC SERVICE. THE ACADEMIC ADMINISTRATION OF THE UNIVERSITY INCLUDING ACADEMIC DEANS BUT NOT DEPARTMENT CHAIRS THAT ARE CHARGED TO THEIR PRIMARY FUNCTION CATEGORY ARE FOUND IN THIS PROGRAM. ALL SALARIES, BENEFITS, AND OTHER EXPENSES FOR THE LIBRARY ARE ALSO CONSIDERED ACADEMIC SUPPORT.RESEARCH - INCLUDES ALL EXPENDITURES FOR ACTIVITIES SPECIFICALLY ORGANIZED TO PRODUCE RESEARCH, WHETHER COMMISSIONED BY AN AGENCY EXTERNAL TO THE INSTITUTION OR SEPARATELY BUDGETED WITHIN THE UNIVERSITY. CHARGED TO THIS PROGRAM ARE (CONTINUED ON SCHEDULE O) EXPENDITURES RELATED TO THE INSTITUTE FOR PUBLIC POLICY AND ECONOMIC DEVELOPMENT, A PARTNERSHIP AMONG SEVERAL LOCAL COLLEGES WITH THE FUNCTION OF PRODUCING RESEARCH TO ASSIST COMMUNITY LEADERS IN MAKING INFORMED DECISIONS. IN ADDITION TO THIS, THE EXPENSES OF SEVERAL RESEARCH GRANTS ARE RECORDED TO THE RESEARCH CLASSIFICATION. PUBLIC SERVICE - INCLUDES FUNDS EXPENDED FOR ACTIVITIES ESTABLISHED PRIMARILY TO PROVIDE NON-INSTRUCTIONAL SERVICES BENEFICIAL TO INDIVIDUALS AND GROUPS EXTERNAL TO THE UNIVERSITY. THE EXPENSES OF THE SMALL BUSINESS DEVELOPMENT CENTER, RADIO AND TELEVISION STUDIOS, SHINE PROGRAM, ALLAN P KIRBY CENTER FOR FREE ENTERPRISE, BUSINESS INCUBATOR, AND SEVERAL COMMUNITY LECTURE SERIES ARE AMONG THOSE POSTED TO THIS PROGRAM. 121028978 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 1 1 1 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 1 0 1 0 0 0 0 0 1 1 0 0 0 1 6723 0 1 1807 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 31 29 1 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 PA X COURTNEY LOMAX CONTROLLER 5704085891 84 WEST SOUTH STREET WILKES BARRE PA 18766 X WILLIAM MILLER CHAIR 9.00 X X 0 0 0 LAURA B CARDINALE VICE CHAIR 9.00 X X 0 0 0 DANIEL KLEM SECRETARY/ASSISTANT TREASURER 6.00 X X 0 0 0 RAYMOND DOMBROSKI TREASURER/ASSISTANT SECRETARY 6.00 X X 0 0 0 MATTHEW BERGER TRUSTEE 3.00 X 0 0 0 CAROLANN BESLER TRUSTEE 2.00 X 0 0 0 DANIEL CARDELL TRUSTEE 2.00 X 0 0 0 TERRENCE CASEY TRUSTEE 2.00 X 0 0 0 CYNTHIA CHARNETSKI TRUSTEE 2.00 X 0 0 0 EDWARD CIARMIBOLI TRUSTEE 2.00 X 0 0 0 CHARLES COHEN TRUSTEE 7.00 X 0 0 0 JEFF DAVIDOWITZ TRUSTEE 4.00 X 0 0 0 WILLIAM EGGLESTON TRUSTEE 2.00 X 0 0 0 RANDA FAHMY TRUSTEE 5.00 X 0 0 0 LISA GOLDEN TRUSTEE 2.00 X 0 0 0 WILLIAM GRANT TRUSTEE 3.00 X 0 0 0 JASON GRIGGS TRUSTEE 3.00 X 0 0 0 ELLEN HALL TRUSTEE 2.00 X 0 0 0 WILLIAM HANBURY TRUSTEE 4.00 X 0 0 0 SEYMOUR HOLTZMAN TRUSTEE 2.00 X 0 0 0 JOHN KERR TRUSTEE 3.00 X 0 0 0 GREGORY MACLEAN TRUSTEE 1.00 X 0 0 0 GEORGE MATZ TRUSTEE 3.00 X 0 0 0 GERALD MCHALE TRUSTEE 6.00 X 0 0 0 GEORGE PAWLUSH TRUSTEE 4.00 X 0 0 0 THOMAS RALSTON TRUSTEE 6.00 X 0 0 0 HEDY RITTENMEYER TRUSTEE 3.00 X 0 0 0 KAYLA ROONEY TRUSTEE 3.00 X 0 0 0 STEVEN ROTH TRUSTEE 3.00 X 0 0 0 MATTHEW SORDONI TRUSTEE 4.00 X 0 0 0 TARA MUGFORD WILSON TRUSTEE 1.00 X 0 0 0 PAUL ADAMS INTERIM PRES THRU 7/20), VP OF STUDENT AFF. (EFF 7/20) 50.00 X 278053 0 57211 LOREN D PRESCOTT JR VP FINANCE AND GENERAL COUNSEL 60.00 X 242173 0 28471 GREG CANT PRESIDENT (ENTERED 7/20) 75.00 X 193316 0 35159 SCOTT STOLTE DEAN OF NESBITT SCHOOL OF PHARMACY 50.00 X 232575 0 31167 TERESE WIGNOT PROVOST 50.00 X 191760 0 24339 MICHAEL WOOD SPECIAL ASSISTANT TO THE PRESIDENT 50.00 X 190195 0 25096 ABEL ADEKOLA DEAN OF JAY SIDHU BUSINESS SCHOOL 50.00 X 195672 0 17298 PRAHLAD MURTHY INTERIM DEAN OF COLLEGE OF SCI. & ENGINEERING 50.00 X 188015 0 12920 KISHAN ZUBER VP OF ENROLLMENT MANAGEMENT AND MARKETING 50.00 X 175247 0 17184 DEBORAH ZBEGNER DEAN OF PASSAN SCHOOL OF NURSING 50.00 X 160957 0 9768 MARGARET STEELE CHIEF DEVELOPMENT OFFICER 50.00 X 151900 0 16778 JOHN STACHACZ DEAN FOR LIBRARY AND IT 50.00 X 173047 0 22723 TERI OOMS EXEC DIRECTOR OF THE INSTITUTE 50.00 X 183887 0 10199 JOSEPH P HOUSENICK ASSOCIATE VP/CHIEF HR OFFICER 50.00 X 151074 0 16691 BONNIE CULVER DIRECTOR OF CREATIVE WRITING 50.00 X 149602 0 7764 MARIANNE M REXER PROFESSOR JAY SIDHU BUSINESS SCHOOL 50.00 X 148320 0 7841 3005793 0 340609 84 0 1 0 ARAMARK SERVICES INC 1101 MARKET STREET PHILADELPHIA PA 19107 FOOD SERVICE 2819678 KEYPATH EDUCATION LLC 1933 N MEACHAM RD STE 400 SCHAUMBURG IL 60173 NURSING EDUCATION PROVIDER 830327 ELLUCIAN COMPANY LP 2003 EDMUND HALLEY DRIVE RESTON VA 20191 COMPUTER MANAGEMENT SERVICES 807789 DISCOVERY EDUCATION INC 4350 CONGRESS ST STE 700 CHARLOTTE NC 28209 GRADUATE COURSE PROVIDER 672963 PLS 3RD LEARNING PO BOX 68 EAST TEXAS PA 18046 GRADUATE COURSE PROVIDER 403880 22 380968 7406551 2639265 10426784 TUITION AND FEES 900099 114381146 114381146 STUDENT SERVICES & AUXILARY 900099 14975631 14975631 129356777 1827683 1827683 135000 135000 30660 27340 3320 3320 3320 21624500 18201 17153846 146006 4470654 -127805 4342849 4342849 39674 380968 49230 -9556 -9556 146082857 129356777 0 6299296 42178127 42178127 2679232 1823301 679193 176738 42196814 36521122 5262111 413581 2378780 2037815 333658 7307 8468754 7239270 1168015 61469 3234245 2756840 451642 25763 152808 152808 77975 77975 178628 178628 9424849 7803942 1606743 14164 709910 131583 576726 1601 2833951 2274082 469873 89996 2745533 2431353 314180 3200382 2689619 510763 189315 174313 14896 106 95833 86801 8983 49 3367341 3039292 328049 7291557 6581208 710349 993186 505705 487481 BAD DEBTS 717867 717867 ENTERTAINMENT 445546 414761 28928 1857 EQUIPMENT MAINTENANCE 445290 230999 214291 PRINTING & PUBLICATIONS 264343 51875 189639 22829 2908680 2056970 826126 25584 137178946 121028978 15308924 841044 5800 5800 26822487 37314085 7385164 3082397 7119768 11607738 591205 620075 223610617 108792424 121108609 114818193 48720287 62845645 17283693 18657616 2612904 2339769 1085496 6302729 232735413 257594047 11377126 10223804 12174051 15570960 73549772 71742329 10605509 15405837 107706458 112942930 X 72941722 82730493 52087233 61920624 125028955 144651117 232735413 257594047 X 8903911 9082995 1635256 X X 0 1 X 1 1 1 X 9690775 15442906 10972889 10668203 10426784 57201557 9690775 15442906 10972889 10668203 10426784 57201557 410667 56790890 1874599 2282450 2357062 2157655 1993343 10665109 326011 340054 424563 1090628 68957294 651717745 0.82360 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 52657913 746261 14704791 2129636 158747 65820582 51847867 964995 2089700 2007620 237029 52657913 51627190 2149800 199882 1902159 226846 51847867 47733723 1822744 4171178 1867607 232848 51627190 40589592 2565969 6684695 1886837 219696 47733723 0.27246 0.42460 0.30294 0 0 6162017 6162017 170853093 79619048 91234045 24120515 20788970 3331545 22474992 8384406 14090586 114818193 BENEFICIAL INTEREST IN TRUSTS (BY OTHERS) 8521603 F ALTERNATIVE INVESTMENTS 5502883 F FUNDS HELD IN TRUST FOR OTHERS 4633130 F 18657616 DEPOSITS HELD IN CUSTODY 228530 LIABILITY UNDER SPLIT INTEREST 307959 INVESTMENTS HELD IN TRUST FOR OTHERS 4633130 ADVANCES FROM FEDERAL GOVERNMENT 1896730 POSTRETIREMENT BENEFITS 443670 LEASES PAYABLE 3154865 OPERATING LEASE OBLIGATIONS 4740953 15405837 X 114616356 9082995 84617 76570 9244182 105372174 167812 40542871 40710683 146082857 94994194 84617 76570 161187 94833007 167812 42178127 42345939 137178946 PART V, LINE 4: THE INTENDED USE OF THE UNIVERSITY'S ENDOWMENT FUNDS IS TO FUND SCHOLARSHIPS AS WELL AS DEPARTMENTAL CHAIRS AND TO SUPPORT OPERATING EXPENSES. PART X, LINE 2: THE UNIVERSITY IS INCORPORATED IN THE COMMONWEALTH OF PENNSYLVANIA AS A NONPROFIT ORGANIZATION. THE UNIVERSITY HAS RECEIVED A DETERMINATION FROM THE INTERNAL REVENUE SERVICE (IRS) THAT IT IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. MANAGEMENT EVALUATES INCOME TAX POSITIONS TAKEN BY THE UNIVERSITY AND RECOGNIZES 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 AS OF MAY 31, 2021, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE 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 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 49,230. RENTAL EXPENSES 27,340. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIP AID 42,029,377. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS -1,486,506. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 49,230. RENTAL EXPENSES 27,340. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIP AID 42,029,377. STUDENT LOANS DISBURSED 148,750. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 ALL PUBLICATIONS IN THE AREAS OF RECRUITMENT PUBLICIZE THE UNIVERSITY'S NON-DISCRIMINATORY POLICY. SCHEDULE E, PART I, LINE 6 THE UNIVERSITY RECEIVED ASSISTANCE THROUGH THE FOLLOWING: LOAN PROGRAMS, SEOG, COLLEGE WORK STUDY, DIRECT LOAN PROGRAM, PELL GRANT, MISCELLANEOUS NEED-BASED PHEAA GRANTS, NATIONAL GUARD AWARDS, AND PRIVATE SCHOLARSHIPS (ROTC PROGRAM). CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 PROGRAM SERVICES STRATEGIC INITIATIVE 3289 MIDDLE EAST AND NORTH AFRICA - ALGERIA, BAHRAIN, DJIBOUTI, EGYPT, 0 0 PROGRAM SERVICES RECRUITMENT 4714 CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 ALTERNATIVE INVESTMENTS N/A 55000 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 ALTERNATIVE INVESTMENTS N/A 77000 NORTH AMERICA - CANADA AND MEXICO, BUT UNITED STATES 0 0 ALTERNATIVE INVESTMENTS N/A 87000 0 0 0 0 0 0 227003 0 227003 1 0 0 1 1 0 PART III ACCOUNTING METHOD: COLONEL'S CLUBS 119041 93806 25235 27286 FOUNDER'S GALA 287162 287162 9907 1 14439 14439 12037 420642 380968 39674 49230 49230 -9556 1 NAMED SCHOLARSHIPS 382 1634941 0 N/A N/A NEED BASED GRANTS AND SCHOLARSHIPS 1193 8220833 0 N/A N/A OTHER SCHOLARSHIPS 3896 32016442 0 N/A N/A ROOM GRANTS 16 154311 0 N/A N/A STUDENT LOANS DISBURSED 54 148750 0 N/A N/A REMISSIONS - UPWARD BOUND ETC 11 2850 0 N/A N/A PART I, LINE 2: WILKES UNIVERSITY MAINTAINS A COMPREHENSIVE PROGRAM OF FINANCIAL AID TO ASSIST STUDENTS IN THE FINANCING OF THEIR EDUCATIONAL PROGRAMS. THE UNIVERSITY AWARDS BOTH MERIT SCHOLARSHIPS AND NEED-BASED AID GRANTS TO UNDERGRADUATE AND GRADUATE STUDENTS. UNDERGRADUATE MERIT AWARDS ARE BASED ON HIGH SCHOOL ACHIEVEMENT INCLUDING SAT SCORES AND HIGH SCHOOL CLASS RANK. STUDENTS MUST COMPLETE THE FREE APPLICATION FOR FEDERAL STUDENT AID TO HAVE THEIR ELIGIBILITY FOR NEED-BASED AID DETERMINED. X X 1 1 X X X 0 0 0 0 0 0 0 0 0 PAUL ADAMS INTERIM PRES THRU 7/20), VP OF STUDENT AFF. (EFF 7/20) 269337 0 0 0 8716 0 17594 0 39617 0 335264 0 0 0 LOREN D PRESCOTT JR VP FINANCE AND GENERAL COUNSEL 240569 0 0 0 1604 0 14645 0 13826 0 270644 0 0 0 SCOTT STOLTE DEAN OF NESBITT SCHOOL OF PHARMACY 216048 0 0 0 16527 0 13035 0 18132 0 263742 0 0 0 GREG CANT PRESIDENT (ENTERED 7/20) 173387 0 0 0 19929 0 0 0 35159 0 228475 0 0 0 TERESE WIGNOT PROVOST 191006 0 0 0 754 0 11404 0 12935 0 216099 0 0 0 MICHAEL WOOD SPECIAL ASSISTANT TO THE PRESIDENT 185896 0 0 0 4299 0 11460 0 13636 0 215291 0 0 0 ABEL ADEKOLA DEAN OF JAY SIDHU BUSINESS SCHOOL 191052 0 0 0 4620 0 11271 0 6027 0 212970 0 0 0 PRAHLAD MURTHY INTERIM DEAN OF COLLEGE OF SCI. & ENGINEERING 185764 0 0 0 2251 0 10795 0 2125 0 200935 0 0 0 JOHN STACHACZ DEAN FOR LIBRARY AND IT 169869 0 0 0 3178 0 10264 0 12459 0 195770 0 0 0 TERI OOMS EXEC DIRECTOR OF THE INSTITUTE 164392 0 0 0 19495 0 9609 0 590 0 194086 0 0 0 KISHAN ZUBER VP OF ENROLLMENT MANAGEMENT AND MARKETING 175085 0 0 0 162 0 911 0 16273 0 192431 0 0 0 DEBORAH ZBEGNER DEAN OF PASSAN SCHOOL OF NURSING 158760 0 0 0 2197 0 9276 0 492 0 170725 0 0 0 MARGARET STEELE CHIEF DEVELOPMENT OFFICER 148320 0 0 0 3580 0 8887 0 7891 0 168678 0 0 0 JOSEPH P HOUSENICK ASSOCIATE VP/CHIEF HR OFFICER 149375 0 0 0 1699 0 8806 0 7885 0 167765 0 0 0 BONNIE CULVER DIRECTOR OF CREATIVE WRITING 107039 0 0 0 42563 0 7433 0 331 0 157366 0 0 0 MARIANNE M REXER PROFESSOR JAY SIDHU BUSINESS SCHOOL 146673 0 0 0 1647 0 7388 0 453 0 156161 0 0 0 PART I, LINE 1A HOUSING ALLOWANCE OR RESIDENCE FOR PERSONAL USE - THE UNIVERSITY'S PRESIDENT IS PROVIDED HOUSING IN A UNIVERSITY OWNED HOUSE. IT IS A NONTAXABLE BENEFIT TO PRESIDENT. HEALTH OR SOCIAL CLUB DUES - CERTAIN MEMBERS OF THE PRESIDENT'S CABINET BELONG TO A LOCAL SOCIAL CLUB IN WHICH DUES ARE REQUIRED. A NORTHEASTERN PA HOSPITAL & EDUCATION AUTHORITY 237394107 664556BD8 2012-05-09 16956391 FINANCE NEW FACILITY 0 0 0 B NORTHEASTERN PA HOSPITAL & EDUCATION AUTHORITY 237394107 664556BV8 2016-05-19 33603743 ADVANCE REFUNDING BONDS 2007 0 0 0 C NORTHEASTERN PA HOSPITAL & EDUCATION AUTHORITY 237394107 664556WB6 2016-12-20 20012768 REFUNDING BONDS 2007 0 0 0 A 16956391 1665263 284230 15014661 2013 0 0 1 1 B 3205000 33603743 480772 33119026 2016 1 0 1 1 C 2625000 20012768 305329 19707439 2016 1 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 B 1 1 1 1 0 0.00000 0.00580 0.00580 0 0 1 C 1 1 1 1 0 0.00000 0.00000 0.00000 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 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: NORTHEASTERN PA HOSPITAL & EDUCATION AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 04/30/2021 ISSUER NAME: NORTHEASTERN PA HOSPITAL & EDUCATION AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 04/30/2021 ISSUER NAME: NORTHEASTERN PA HOSPITAL & EDUCATION AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 04/30/2021 17500 SCHOLARSHIPS EDUCATIONAL C CHARNETSKI FATHER OF TRUSTEE 103947 REGULAR PAY AS FACULTY MEMBER/PROFESSOR AT WILKES UNIVERSITY 0 FORM 990, PART III, LINE 1, DESCRIPTION OF ORGANIZATION MISSION: TO CONTINUE THE WILKES TRADITION OF LIBERALLY EDUCATING OUR STUDENTS FOR LIFELONG LEARNING AND SUCCESS IN A CONSTANTLY EVOLVING AND MULTICULTURAL WORLD THROUGH A COMMITMENT TO INDIVIDUALIZED ATTENTION, EXCEPTIONAL TEACHING, SCHOLARSHIP, AND ACADEMIC EXCELLENCE, WHILE CONTINUING THE UNIVERSITY'S COMMITMENT TO COMMUNITY ENGAGEMENT. FORM 990, PART VI, SECTION A, LINE 2 THE FOLLOWING INDIVIDUALS HAVE A BUSINESS RELATIONSHIP: MATTHEW SORDONI AND STEVEN ROTH FORM 990, PART VI, SECTION A, LINE 4 WILKES UNIVERSITY AMENDED ITS BYLAWS TO EXTEND THE TERM LIMIT OF TRUSTEES WHO ARE CURRENTLY SERVING, OR THOSE WHO PROPOSE TO AND DO SERVE, AS AN OFFICER OF THE ORGANIZATION. FORM 990, PART VI, SECTION B, LINE 11B WILKES UNIVERSITY HAS ESTABLISHED A REVIEW PROCESS FOR THE FORM 990. ONCE THE DRAFT FORM 990 RETURN IS RECEIVED, IT IS REVIEWED BY THE FINANCE OFFICE. AFTER THIS REVIEW, IT IS SENT TO THE VICE PRESIDENT OF FINANCE AND CHIEF OPERATING OFFICER. A FINAL REVIEW IS THEN DONE BY THE BOARD OF TRUSTEES BEFORE THE RETURN IS FILED. FORM 990, PART VI, SECTION B, LINE 12C WILKES UNIVERSITY'S CONFLICT OF INTEREST POLICY COVERS ALL BOARD MEMBERS. ANY CONFLICTS OF INTEREST CONCERNING BOARD MEMBERS ARE FORWARDED TO THE AUDIT COMMITTEE FOR REVIEW AND APPROVAL. ALL CONFLICT OF INTEREST STATEMENTS ARE REVIEWED UPON SUBMISSION AND FORWARDED TO THE AUDIT COMMITTEE AS APPROPRIATE. FORM 990, PART VI, SECTION B, LINE 15 THE HUMAN RESOURCES COMMITTEE OF THE BOARD OF TRUSTEES PERFORMS AN ANNUAL REVIEW OF THE COMPENSATION PROVIDED TO THE UNIVERSITY'S PRESIDENT AND VICE PRESIDENTS. BENCHMARK DATA, INCLUDING DATA FROM COLLEGES AND UNIVERSITY PROFESSIONAL ASSOCIATION FOR HUMAN RESOURCES (CUPA) IS USED FOR COMPARATIVE PURPOSES FOR EXECUTIVE POSITIONS. THE BENCHMARKING COMPARISON IS COMPLETED ON AN ANNUAL BASIS. THE UNIVERSITY KEEPS WRITTEN DOCUMENTATION OF THE HUMAN RESOURCES COMMITTEE'S DELIBERATION AND DECISION MAKING PROCESS. FORM 990, PART VI, SECTION C, LINE 19 WILKES UNIVERSITY MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND AUDITED FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART VII: THE FOLLOWING MEMBERS SERVE ON THE WILKES BOARD OF TRUSTEES AS TRUSTEES EMERITI: RICHARD L. BUNN, LAWRENCE E. COHEN, ESTHER B. DAVIDOWITZ, PATTIE S. DAVIES, JEROME R. GOLDSTEIN, MELANIE MASLOW KERN, ROBERT A. MUGFORD, MARY B. RHODES, EUGENE ROTH, ELIZABETH A. SLAUGHTER, AND STEPHEN SORDONI FORM 990, PART XI, LINE 9: STUDENT LOANS DISBURSED 148,750. CHANGE IN LIABILITY ON SPLIT INTEREST AGREEMENTS 1,486,506. FORM 990, PART XII, QUESTION 2, FINANCIAL STATEMENTS AND REPORTING: THE UNIVERSITY'S AUDIT COMMITTEE ASSUMES THE RESPONSIBLITY FOR OVERSIGHT OF THE AUDIT AND OF ITS FINANCIAL STATEMENTS AND ITS SELECTION OF THE INDEPENDENT AUDITORS. THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. WU REAL ESTATE LLC 170 S FRANKLIN STREET WILKES BARRE PA 18766 205799312 STUDENT RENTAL PA 30660 5271196 WILKES UNIVERSITY SOUTH CITY PROPERTIES LLC 84 W SOUTH STREET WILKES BARRE PA 18766 352497851 REAL ESTATE PA 0 185267 WILKES UNIVERSITY RASM ENTERPRISE LLC 84 W SOUTH STREET WILKES BARRE PA 18766 465148017 REAL ESTATE PA 0 0 WILKES UNIVERSITY INTERESTS IN TRUSTS (3) ANNUITY PA N/A T 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0