2022-04-13T16:09:18-05:00 2021-06-30 366055558 GRANT THORNTON LLP 1000 WILSON BLVD STE 1400 ARLINGTON VA 22209 990 2020-07-01 231352668 UNIVERSITY OF THE SCIENCES IN PHILADELPHIA UNIV 2155968862 600 SOUTH 43RD STREET PHILADELPHIA PA 191044495 VALERIE WEIL INTERIM PRESIDENT 2155968862 2022-04-08 1 VALERIE WEIL XXX-XX-XXXX MARY TORRETTA P00847851 7038477500 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z VALERIE WEIL 600 SOUTH 43RD STREET PHILADELPHIA PA 191044495 139380059 0 X WWW.USCIENCES.EDU 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. 14 14 2117 191 140404 0 7719437 7446181 91698466 82143977 5717877 4146517 2364417 428964 107500197 94165639 25060439 20600529 0 0 47944747 49076233 0 0 1323802 45879185 46901815 118884371 116578577 -11384174 -22412938 394161147 406870373 196622937 195344945 197538210 211525428 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 0 59768536 20600529 82237817 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 2,285 (1,372 UNDERGRADUATE STUDENTS, 913 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 >56% NON-WHITE AND 64% 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, HOME TO MORE THAN 40,000 COLLEGE STUDENTS EACH YEAR. 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. 5723728 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. 19089412 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. 11938056 MERGER AGREEMENT - UNIVERSITY OF THE SCIENCES, A LEADER IN HEALTHCARE AND SCIENCE EDUCATION FOR 200 YEARS, HAS SIGNED AN AGREEMENT TO MERGE WITH AND INTO SAINT JOSEPH'S UNIVERSITY IN THE SUMMER OF 2022, PENDING ROUTINE REGULATORY AND ACCREDITATION REQUIREMENTS INCLUDING APPROVAL BY THE MIDDLE STATES COMMISSION ON HIGHER EDUCATION. THE COMBINED UNIVERSITY BRINGS TOGETHER A STRONG LIBERAL ARTS CORE WITH THE MOST IN-DEMAND PROFESSIONAL PROGRAMS IN HEALTHCARE AND SCIENCE. LEARN MORE AT USCIENCES.EDU/SJU. 11938056 96519732 1 1 0 1 0 0 0 0 0 1 1 1 0 0 1 1 1 0 1 0 1 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 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 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 PA X BRIGID K ISACKMAN 2155968701 600 SOUTH 43RD STREET PHILADELPHIA PA 191044495 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 1.00 0.00 X 0 0 0 ED MERCADANTE BOARD MEMBER 1.00 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 3.00 0.00 X 0 0 0 EJ JOHNSON AS OF 0421 BOARD MEMBER 1.00 0.00 X 0 0 0 LOUIS J LUPO AS OF 1120 BOARD MEMBER 1.00 0.00 X 0 0 0 JOSEPH F RITCHIE AS OF 0421 BOARD MEMBER 1.00 0.00 X 0 0 0 PAUL KATZ MD PRESIDENT 40.00 0.00 X 628220 0 70739 VALERIE WEIL MD FACP INTERIM PRESIDENT 40.00 0.00 X 383852 0 70357 PATRICIA VANSTON EDD VP BUS DEV.& ENROLL. MGMT 40.00 0.00 X 273263 0 43003 ROBERT RUDD VP INST. ADVANCEMENT 40.00 0.00 X 244649 0 53745 ROSS W RADISH JD VP STUDENTS AFFAIR & DEAN 40.00 0.00 X 167904 0 23095 DAVID L FORDE ESQ VP FOR COMM. & GOVT AFFAIR 40.00 0.00 X 157307 0 19464 JILL BAREN PROVOST 40.00 0.00 X 139715 0 33393 RONALD KISHEN VP, USCIENCES ONLINE 40.00 0.00 X 285474 0 47177 VOJISLAVA POPHRISTIC INTERIM DEAN, MISHER COLLE 40.00 0.00 X 292691 0 45334 EDWARD FOOTE DEAN OF PHARMACY 40.00 0.00 X 265919 0 67263 ODESSA JACKSON ESQ GEN. COUNSEL, SEC, CCO 40.00 0.00 X 268356 0 56078 MARK NESTOR CHIEF INFORMATION OFFICER 40.00 0.00 X 173425 0 32073 CATHY POON CHAIR OF PHARM PRACTICE 40.00 0.00 X 292040 0 49883 ELIZABETH MORLINO ASSOC. PROV. INTERPROF.&TH 40.00 0.00 X 263807 0 31113 ANDREW PETERSON EXECUTIVE DIRECTOR SUDI 40.00 0.00 X 215044 0 54068 ROBERT YOUNG CHAIR 40.00 0.00 X 194968 0 31953 GEORGE DOWNS PROF. OF CLI. PHARMACY 40.00 0.00 X 175577 0 40643 4422211 0 769381 93 0 1 0 SIX RED MARBLES 101 STATION LANDING STE 300 MEDFORD MA 02155 CONSULTING 2882498 SODEXO 9801 WASHINGTONIAN BLVD GAITHERSBURG MD 20878 DINING SERVICES 2320335 UNIVERSAL PROTECTION SERVICE LP 3606 HORIZON DRIVE KING OF PRUSSIA PA 19406 SECURITY SERVICES 2086761 ALOYSIUS BUTLER CLARK 819 WASHINGTON ST WILMINGTON DE 19801 CONSULTING 1953523 WORKDAY INC 6230 STONERIDGE MALL RD PLEASANTON CA 94588 TECHNOLOGY SERVICES 1928308 47 4127115 3319066 7446181 TUTION AND FEES 900099 77040406 77040406 AUXILIARY SERVICES 900099 5103571 5103571 82143977 20526349 3475 20522874 111490 22843 109495 0 1995 22843 24838 24838 28725093 45104925 -16379832 -16379832 -16379832 SALES & SERVICES 900099 205931 93840 112091 BOOKSTORE REVENUE 900099 12049 12049 186146 186146 404126 94165639 82237817 140404 4341237 X 20600529 20600529 4146665 2026081 1782269 338315 35156513 30965610 3584197 606706 2603291 2185242 355454 62595 4405744 3203703 1097750 104291 2764020 2341151 359553 63316 758510 638303 120207 147505 147505 60000 60000 892824 892824 13416664 9343434 4001650 71580 2780649 2210011 570638 894039 647735 226796 19508 350583 338170 7053 5360 2339908 1858602 481007 299 141545 102654 38771 120 83756 77845 5699 212 7561600 5277261 2284339 9132871 6281889 2850982 820387 122206 698181 LIBRARY AND PERIODICALS 1073552 1073552 0 0 EQUIPMENT 384328 366553 17775 0 PRINTING AND DUPL 176826 138458 18558 19810 5886268 5827919 26659 31690 116578577 96519732 18735043 1323802 21486424 24933902 181721 109469 9512598 11184880 4033430 3261940 1914190 2383949 290547134 95801581 197368719 194745553 110527475 128530524 49122887 41720156 13703 0 394161147 406870373 10473921 9110518 3254459 3181996 3021346 5566439 179576066 176406429 297145 1079563 196622937 195344945 X 132017604 136365543 65520606 75159885 197538210 211525428 394161147 406870373 X -22412938 35311765 1088391 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 1 60000 0 0 60000 0 PART II-B, LINE 1D THE UNIVERSITY PAYS A THIRD PARTY LOBBYING FIRM TO MEET WITH STATE OFFICIALS AND PROCURE GRANT FUNDING. 145646092 338858 38900103 9130000 10869925 164885128 162149152 139207 2326433 9000000 9968700 145646092 171782269 256935 7118914 9000000 8008966 162149152 167785865 292027 12705231 9000000 854 171782269 158661548 242886 17804997 9000000 -76434 167785865 0.58000 0.30000 0.12000 1 0 12090370 12090370 245795616 80223775 165571841 31613080 15577806 16035274 1048068 1048068 194745553 PRIVATE EQUITY 17585698 F INFLATION HEDGE FUNDS 12173102 F ASSET ALLOCATION 11304959 F BENEFICIAL INT. IN TRUSTS 656397 F 41720156 OTHER LIABILITIES 946744 ANNUITY LIABILITIES 132819 1079563 X 108954110 35311765 35311765 73642345 20523294 20523294 94165639 94966892 109495 109495 94857397 21721180 21721180 116578577 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. 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 -109,495. RECLASS OF ANNUITY ADJUSTMENT 32,260. RECLASS OF SCHOLARSHIPS 20,600,529. PART XII, LINE 2D - OTHER ADJUSTMENTS: RECLASS OF EXPENSES - RENT 109,495. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS 20,600,529. ANNUITY ADJUSTMENT 32,260. TRANSACTION COSTS 1,088,391. 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. THE STATEMENT IS ALSO INCLUDED ON THE UNIVERSITY'S WEBSITE AT HTTPS://WWW.USCIENCES.EDU/ADMINISTRATIVE-OFFICES/EQUAL-OPPORTU NITY-EMPLOYER.HTML. SCHEDULE E, PART I, LINE 6 THE UNIVERSITY OF THE SCIENCES IN PHILADELPHIA RECEIVED $4,127,115 IN GOVERNMENT GRANTS FOR THE YEAR ENDED JUNE 30, 2021. CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 5046433 0 0 0 0 0 0 5046433 0 5046433 1 0 0 0 0 0 PART III ACCOUNTING METHOD: 1 INSTITUTIONAL SCHOLARSHIP AWARD 2300 19833572 STUDENT AID - CARES ACT 41 29000 CRRSAA: HIGHER EDUCATION EMERGENCY RELIEF 1314 737957 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 0 0 PAUL KATZ MD PRESIDENT 627348 0 0 0 872 0 41492 0 29247 0 698959 0 0 0 VALERIE WEIL MD FACP INTERIM PRESIDENT 383416 0 0 0 436 0 48800 0 21557 0 454209 0 0 0 CATHY POON CHAIR OF PHARM PRACTICE 220193 0 0 0 71847 0 42052 0 7831 0 341923 0 0 0 VOJISLAVA POPHRISTIC INTERIM DEAN, MISHER COLLE 213055 0 0 0 79636 0 33729 0 11605 0 338025 0 0 0 EDWARD FOOTE DEAN OF PHARMACY 265919 0 0 0 0 0 47590 0 19673 0 333182 0 0 0 RONALD KISHEN VP, USCIENCES ONLINE 285474 0 0 0 0 0 29129 0 18048 0 332651 0 0 0 ODESSA JACKSON ESQ GEN. COUNSEL, SEC, CCO 267484 0 0 0 872 0 47532 0 8546 0 324434 0 0 0 PATRICIA VANSTON EDD VP BUS DEV.& ENROLL. MGMT 272827 0 0 0 436 0 40481 0 2522 0 316266 0 0 0 ROBERT RUDD VP INST. ADVANCEMENT 244213 0 0 0 436 0 44271 0 9474 0 298394 0 0 0 ELIZABETH MORLINO ASSOC. PROV. INTERPROF.&TH 185223 0 0 0 78584 0 16381 0 14732 0 294920 0 0 0 ANDREW PETERSON EXECUTIVE DIRECTOR SUDI 197994 0 0 0 17050 0 34396 0 19672 0 269112 0 0 0 ROBERT YOUNG CHAIR 174199 0 0 0 20769 0 11711 0 20242 0 226921 0 0 0 GEORGE DOWNS PROF. OF CLI. PHARMACY 175577 0 0 0 0 0 24159 0 16484 0 216220 0 0 0 MARK NESTOR CHIEF INFORMATION OFFICER 167989 0 0 0 5436 0 13477 0 18596 0 205498 0 0 0 ROSS W RADISH JD VP STUDENTS AFFAIR & DEAN 162468 0 0 0 5436 0 16745 0 6350 0 190999 0 0 0 DAVID L FORDE ESQ VP FOR COMM. & GOVT AFFAIR 157307 0 0 0 0 0 12700 0 6764 0 176771 0 0 0 JILL BAREN PROVOST 129553 0 0 0 10162 0 32192 0 1201 0 173108 0 0 0 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. 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. THIS PROCESS WAS LAST UNDERTAKEN IN 2020. 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 9,343,434. MANAGEMENT AND GENERAL EXPENSES 4,001,650. FUNDRAISING EXPENSES 71,580. TOTAL EXPENSES 13,416,664. FORM 990, PART XI, LINE 9: TRANSACTION COST 1,088,391. 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