2021-05-14T15:53:15-05:00 2020-06-30 990 2019-07-01 231352000 THE ACADEMY OF NATURAL SCIENCES OF PHILADELPHIA ACAD 2152991000 1900 BENJAMIN FRANKLIN PARKWAY PHILADELPHIA PA 191031101 LISA MILLER VP, CFO/COO 2152991000 2021-05-13 2019 2022-09-23 18:48:47Z THE ACADEMY OF NATURAL SCIENCES OF DREXEL UNIVERSITY LISA MILLER 1900 BENJAMIN FRANKLIN PARKWAY PHILADELPHIA PA 191031101 23648842 0 X WWW.ANSP.ORG X 1812 PA UNDERSTAND THE NATURAL WORLD AND INSPIRE EVERYONE TO CARE FOR IT. 27 23 257 248 -279223 -281098 6903824 7982410 5791642 5069803 2569916 3205492 296160 -156255 15561542 16101450 65299 282730 0 0 11616055 11897954 0 0 1043661 9467827 8787693 21149181 20968377 -5587639 -4866927 94884997 90703595 13159423 15623794 81725574 75079801 X THE MISSION IS "TO UNDERSTAND THE NATURAL WORLD AND INSPIRE EVERYONE TO CARE FOR IT." THE ACADEMY IMPLEMENTS ITS MISSION THROUGH IMPROVING UNDERSTANDING OF THE DIVERSITY OF LIFE, DEVELOPING AND APPLYING SCIENCE TO PROTECT THE ENVIRONMENT, ADVANCING PUBLIC INTEREST AND ENGAGEMENT IN NATURAL SCIENCES AND ENVIRONMENTAL ISSUES, AND PRESERVING THE HERITAGE OF NATURAL SCIENCE IN SPECIMENS, IMAGES, WORDS AND NUMBERS. 0 0 7146785 257780 2655044 RESEARCH, CENTER FOR ACADEMY SCIENCE - ACADEMY SCIENTISTS CONDUCT RESEARCH AROUND THE WORLD, COLLECTING SAMPLES THAT HELP THEM DOCUMENT BIODIVERSITY, TRACE EVOLUTION, AND TRACK ENVIRONMENTAL CHANGES OVER TIME. FOR OVER 200 YEARS, ACADEMY SCIENTISTS HAVE PRESERVED, CURATED AND STUDIED WHAT IS NOW A WORLD-CLASS COLLECTION OF AN ESTIMATED 19 MILLION BIOLOGICAL SPECIMENS DOCUMENTING THE HISTORY OF EUKARYOTIC LIFE ON EARTH. ACADEMY RESEARCHERS ALSO WORK TO UNDERSTAND, PROTECT, AND RESTORE ENVIRONMENTAL CONDITIONS THROUGH BASIC AND APPLIED RESEARCH ON HUMAN IMPACTS, WORKING COLLABORATIVELY WITH REGULATORS, PLANNERS, PRACTITIONERS, AND STAKEHOLDERS. FUNDING FOR THE RESEARCH COMES FROM FEDERAL, STATE AND LOCAL GOVERNMENTAL AGENCIES AND FOUNDATIONS. THROUGH FESTIVALS, MEMBERS' NIGHT, BEHIND THE SCENES TOUR, POPULAR PUBLICATIONS AND OUTREACH EVENTS (E.G., ACADEMY TOWN SQUARES AND CONVERSATIONS), SCIENTISTS SHARE THEIR DISCOVERIES, ENABLING THEIR COLLEAGUES, VISITORS, AND MEMBERS TO GAIN FURTHER INSIGHT INTO LIFE ON EARTH, ENVIRONMENTAL PROCESSES AND HOW TO MAINTAIN A SUSTAINABLE FUTURE. ACADEMY SCIENTISTS CONTINUE TO PRODUCE SCIENTIFIC PUBLICATIONS WHILE CULTIVATING OUR COLLECTIONS AND TRAVELING OUTSIDE THE MUSEUM FOR RESEARCH ON DOZENS OF FIELD TRIPS AND EXPEDITIONS. THE ACADEMY & DREXEL UNIVERSITY'S BIODIVERSITY, EARTH & ENVIRONMENTAL SCIENCE (BEES) PROGRAM HAS GROWN WITH MANY NEW PROJECTS ON THE HORIZON AS WE CONTINUE TO BE THE EPICENTER OF DISCOVERY. FROM DIGITIZATION OF THE COLLECTIONS, TO LOOKING FOR CHEMICAL CLUES TO BIODIVERSITY, TO UNDERSTANDING ENVIRONMENTAL CHANGE IN WETLANDS AND WATERSHEDS, THE SCIENTISTS ARE LEADING RESEARCHERS IN NATURAL SCIENCES. 6834491 20950 2347158 EDUCATION - THE ACADEMY BRINGS NATURAL SCIENCE TO LIFE THROUGH THREE FLOORS OF ENGAGING EXHIBITS, INCLUDING DINOSAURS AND OTHER ANCIENT CREATURES. AT OUR MUSEUM IN FISCAL YEAR 2020, WE WELCOMED MORE THAN 130,000 VISITORS TO EXPLORE OUR DIORAMAS, DINOSAURS, BUTTERFLIES, LIVE ANIMALS, AND THE CHILDREN'S NATURE DISCOVERY CENTER, OUTSIDE IN. DUE TO THE GLOBAL PANDEMIC, OUR DELIVERY OF PROGRAMS WAS CHANGED, BUT OUR RELEVANCE AND IMPACT REMAINED STRONG.IN FISCAL YEAR 2020, ACADEMY EDUCATORS REACHED MORE THAN 10,000 PEOPLE THROUGH OVER 350 IN-PERSON PROGRAMS FROM JULY 2019 - MARCH 2020. FROM APRIL - JUNE 2020, WE PIVOTED TO ONLINE LEARNING AND REACHED ANOTHER 740 PEOPLE THROUGH 9 ADDITIONAL SYNCHRONOUS PROGRAMS. WE ALSO CREATED 15 ASYNCHRONOUS PROGRAMS VIDEOS, AND FACEBOOK LIVE PROGRAMS THAT COULD BE WATCHED ANYTIME WHICH REACHED OVER 66,000 PEOPLE. FINALLY, WE CREATED MORE THAN 30 LESSONS AND ACTIVITIES, THAT WERE DOWNLOADED NEARLY 27,000 TIMES.THE ACADEMY'S NATIONALLY RECOGNIZED WOMEN IN NATURAL SCIENCES PROGRAM KNOWN AS WINS IS A FREE AFTER SCHOOL AND SUMMER ENRICHMENT PROGRAM FOR YOUNG WOMEN. THIS PROGRAM INTRODUCES HUNDREDS OF HIGH SCHOOL WOMEN TO FUTURE CAREERS IN SCIENCE. IN JUNE OF 2018 THE ACADEMY'S WINS PROGRAM RECEIVED THE PRESIDENTIAL AWARD FOR EXCELLENCE IN SCIENCE, MATHEMATICS AND ENGINEERING (STEM) MENTORING. IT IS THE HIGHEST NATIONAL MENTORING AWARD BESTOWED BY THE WHITE HOUSE OFFICE OF SCIENCE AND TECHNOLOGY POLICY AND THE NATIONAL SCIENCE FOUNDATION. THIS PROGRAM CONTINUED TO BE OFFERED VIRTUALLY, AND THE 72 GIRLS IN WINS WERE ENGAGED WEEKLY IN THE PROGRAM.THE ACADEMY CONTINUES TO LAUNCH SEVERAL EXCITING NEW INITIATIVES AIMED AT TAKING OUR VISITOR EXPERIENCE TO THE NEXT LEVEL. WE FINALIZED A NEW EXPERIENTIAL MASTER PLAN AND IMPLEMENTED THE FIRST STEPS TOWARD MAKING PHYSICAL CHANGES TO OUR GALLERIES' INTERPRETIVE CONTENT. A FULL SCALE PLAN FOR RESCRIPTING THE INSTITUTION'S SIGNATURE GALLERIES IS UNDERWAY. THE ACADEMY ALSO LAUNCHED A NEW SPACE, THE WILLIAM B. DIETRICH GALLERY, AND OPENED IT WITH THE WILDLIFE PHOTOGRAPHER OF THE YEAR EXHIBITION. THIS IS THE FIRST OF MANY ART EXHIBITIONS THAT WILL SHOW IN THE SPACE, DESIGNED TO ENGAGE THE PUBLIC WITH ENVIRONMENTAL ISSUES AS SEEN THROUGH THE LENS OF ARTISTS. 1032710 4000 67601 LIBRARY AND ARCHIVES - THE ACADEMY'S LIBRARY AND ARCHIVES IS INTERNATIONALLY RECOGNIZED FOR ITS RARE AND HISTORIC BOOKS, JOURNALS, ART, ARTIFACTS, MANUSCRIPTS, PHOTOGRAPHS, AND THE UNIQUE PAPERS AND RESEARCH OF ACADEMY MEMBERS AND STAFF. THE LIBRARY HOLDS MORE THAN 250,000 TITLES THAT SPAN FIVE CENTURIES. OUR ARCHIVES COLLECTIONS CONTAIN OVER A MILLION ITEMS, INCLUDING MANUSCRIPTS, CORRESPONDENCE, FIELD NOTEBOOKS, FILMS, JOURNALS AND PHOTOGRAPHS. THE LIBRARY AND ARCHIVES CONTINUES TO PROVIDE SERVICES TO ACADEMICS AND THE GENERAL PUBLIC. THE DEPARTMENT EXPERIENCED A MAJOR GROWTH IN APPOINTMENTS FROM THE DREXEL COMMUNITY THROUGH BOTH ON-SITE VISITS TO VIEW THE COLLECTION AND PRESENTATIONS ON ACCESS TO VARIOUS RESEARCH COURSES ON CAMPUS. DURING 2020 WE COMPLETED A $3 MILLION RENOVATION PROJECT TO UPGRADE THE LIBRARY AND ARCHIVES FACILITY AND A NEW PUBLIC GALLERY SPACE. 15013986 1 0 0 0 0 0 0 1 0 1 1 1 0 0 1 1 1 1 0 0 1 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 1 0 0 0 1 X 50 0 1 257 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 27 23 1 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 AL AK AR CA CO CT DC FL GA HI IL KS KY ME MD MA MI MN MS NH NJ NM NY NC ND NV OH OK OR PA RI SC TN UT VA WA WV WI X X DREXEL UNIVERSITYCOMPTROLLER'S OFF 2158951442 1505 RACE STREET 9TH FLOOR PHILADELPHIA PA 191021119 JOHN A FRY BOARD TRUSTEE 2.00 45.00 X 0 1204239 410119 M BRIAN BLAKE PHD BOARD TRUSTEE (THROUGH 10/19) 2.00 40.00 X 0 608706 40345 PAUL JENSEN PHD BOARD TRUSTEE (AS OF 11/19) 2.00 40.00 X 0 425415 48974 SCOTT COOPER PHD PRESIDENT AND CEO 40.00 0.00 X X 411522 0 42749 DAVID RUSENKO BOARD TRUSTEE 2.00 42.00 X 0 269894 44798 DAVID VELINSKY VP, CENTER FOR ACADEMY SCI 2.00 40.00 X 0 185651 35283 LISA M MILLER VP, CFO/COO 40.00 0.00 X 196547 0 22296 JANE TAYLOR VP, MARKETING, SALES & COM 40.00 0.00 X 155444 0 17578 JACQUELINE GENOVESI VP, EDUCATION 40.00 0.00 X 133294 0 15729 NICOLE STEWART CHIEF LEARNING AND ENGAGEMENT OFFICER 40.00 0.00 X 124690 0 20976 MEGHAN BUCCI EXECUTIVE DIRECTOR OF FINANCE AND ADMINISTRATION 40.00 0.00 X 105887 0 8078 TARA ACHARYA PHD MPH BOARD TRUSTEE (THROUGH 7/19) 2.00 0.00 X 0 0 0 PETER AUSTEN BOARD TRUSTEE 2.00 2.00 X 0 0 0 JOHN F BALES III BOARD TRUSTEE 2.00 0.00 X 0 0 0 JEFFREY A BEACHELL BOARD TRUSTEE 2.00 2.00 X 0 0 0 ERICA CARPENTER PHD BOARD TRUSTEE (AS OF 11/19) 2.00 0.00 X 0 0 0 AMY BRANCH-BENOLIEL BOARD TRUSTEE 2.00 0.00 X 0 0 0 AMY COES BOARD TRUSTEE 2.00 0.00 X 0 0 0 MAUREEN CRAIG BOARD TRUSTEE (AS OF 2/20) 2.00 0.00 X 0 0 0 ABBIE DEAN VICE CHAIR 2.00 2.00 X X 0 0 0 ROBERT J DELANY TREASURER 2.00 0.00 X X 0 0 0 SUZANNE EVELAND BOARD TRUSTEE (AS OF 2/20) 2.00 0.00 X 0 0 0 DAVID GRIFFITH CHAIR 2.00 2.00 X X 0 0 0 LATASHA HARLING BOARD TRUSTEE 2.00 0.00 X 0 0 0 ELLEN D HARVEY BOARD TRUSTEE 2.00 0.00 X 0 0 0 JUN HUANGPU PHD MBA BOARD TRUSTEE 2.00 0.00 X 0 0 0 PAGE LEIDY BOARD TRUSTEE 2.00 0.00 X 0 0 0 SANDRA L MCLEAN BOARD TRUSTEE 2.00 0.00 X 0 0 0 ALLEN J MODEL BOARD TRUSTEE 2.00 0.00 X 0 0 0 MICHAEL H REED ESQ VICE CHAIR 2.00 0.00 X X 0 0 0 GERALD B RORER BOARD TRUSTEE 2.00 0.00 X 0 0 0 IVY SILVER BOARD TRUSTEE 2.00 0.00 X 0 0 0 JUDITH E SOLTZ ESQ BOARD TRUSTEE 2.00 0.00 X 0 0 0 JOHN J SOROKO BOARD TRUSTEE 2.00 0.00 X 0 0 0 ROBERT VICTOR SECRETARY 2.00 0.00 X X 0 0 0 CYNTHIA P HECKSCHER BOARD TRUSTEE - EMERITUS 2.00 0.00 X 0 0 0 EDWARD A MONTGOMERY JR BOARD TRUSTEE - EMERITUS 2.00 0.00 X 0 0 0 I WISTAR MORRIS III BOARD TRUSTEE - EMERITUS 2.00 0.00 X 0 0 0 SEYMOUR S PRESTON III BOARD TRUSTEE - EMERITUS (DEC. 6/20) 2.00 0.00 X 0 0 0 MINTURN T WRIGHT III BOARD TRUSTEE - EMERITUS 2.00 0.00 X 0 0 0 1127384 2693905 706925 6 0 1 0 LIMBACH COMPANY LLC 175 TITUS AVENUE STE 100 WARRINGTON PA 18976 HVAC SERVICES 405929 CLEAN TECH SERVICES INC 114 CHESTNUT ST 5TH FL PHILADELPHIA PA 19106 CLEANING SERVICES 302435 JACOBSWYPER ARCHITECTS LLP 1232 CHANCELLOR ST PHILADELPHIA PA 19107 ARCHITECTURE SERVICES 221360 CAPACITY INTERACTIVE CONSULTING LLC 1239 BROADWAY STE 1103 NEW YORK NY 10001 MEDIA CONSULTANT 179346 PRICEWATERHOUSECOOPERS LLP 2001 MARKET ST STE 1800 PHILADELPHIA PA 19103 AUDIT SERVICES 129730 10 496039 5287288 2199083 99133 7982410 ENVIRONMENTAL RESEARCH 541700 1691013 1691013 EDUCATION & MUSEUM PRO 611600 1311095 1311095 MUSEUM ADMISSIONS 712110 1036063 1036063 SYSTEMATIC BIOLOGY RE 541700 964031 964031 ALL OTHER PROGRAM SERVICES 712110 67601 67601 5069803 1544884 1544884 51038 51038 9208000 7547392 1660608 1660608 1660608 FACILITY SALES 531120 71930 71930 INCOME (LOSS) FROM PARTNERSHIP IN 525990 -279223 -279223 -207293 16101450 5069803 -279223 3328460 278262 278262 4468 4468 856115 768447 87668 6675988 5901652 545524 228812 2598162 2035746 453248 109168 1190556 946277 196714 47565 577133 452202 100681 24250 14992 5646 9346 87500 87500 262882 262882 679696 348340 298856 32500 266159 266159 950723 641604 274649 34470 150431 121638 23162 5631 1360916 1294642 50880 15394 163538 154246 9162 130 96425 88997 7428 23327 23327 2523753 722901 1710798 90054 1193729 1135597 44629 13503 EXHIBITION EXPENSE 469119 469119 BAD DEBT EXPENSE 338684 0 9922 328762 PROFESSIONAL MEMBERSHIP 36232 7566 26577 2089 HOSPITALITY 26651 6021 37 20593 142936 132903 6961 3072 20968377 15013986 4910730 1043661 4550 4490 2253164 458007 2504737 1602595 364939 147773 365160 68135 31232273 11161875 17933730 20070398 41622567 39702549 29836150 28634591 15057 94884997 90703595 1598881 1679115 1535181 1667748 10025361 12276931 13159423 15623794 X 2572181 2721000 79153393 72358801 81725574 75079801 94884997 90703595 -4866927 -1913198 134352 0 X X 0 1 X 1 1 1 X 13621452 10349866 8221368 6903824 7982410 47078920 5596780 6451950 10394300 5945366 5141736 33530132 19218232 16801816 18615668 12849190 13124146 80609052 1958711 1840017 3345769 455927 838933 8439357 1284382 1344004 111960 364149 915475 4019970 3243093 3184021 3457729 820076 1754408 12459327 68149725 1023646 1557908 1404993 1684053 1595922 7266522 1023646 1557908 1404993 1684053 1595922 7266522 106381 55320 0 0 0 161701 435571 331039 489539 271587 1527736 20783830 18746083 20510200 14804830 14720068 89565011 0.76090 0.68300 0.08110 0.07330 X X X X X 0 61880000 209000 -24000 3307000 58758000 62198000 7000 2718000 3043000 61880000 59741000 240000 4561000 2344000 62198000 55032000 715000 6993000 2999000 59741000 56380000 3065000 -1426000 2987000 55032000 0.02500 0.90510 0.06990 1 0 25657769 6314565 19343204 5484432 4802342 682090 90072 44968 45104 20070398 INVESTMENT AT NAV (PRIVATE EQUITY, REAL ESTATE, HEDGE FUNDS AND OTHER) 28634591 F 28634591 DEPOSITS 145066 POST RETIREMENT AND PENSION BENEFIT 10392010 DUE TO DREXEL UNIVERSITY 1725498 OPERATING LEASE LIABILITY 14357 12276931 X 13524075 -1913918 -1913918 15437993 663457 663457 16101450 20170568 -134352 -134352 20304920 663457 663457 20968377 PART X, LINE 2: THE ACADEMY IS A NOT-FOR-PROFIT CORPORATION THAT HAS BEEN GRANTED TAX EXEMPT STATUS UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, AND, ACCORDINGLY FILES FEDERAL TAX FORM 990 (RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX), ANNUALLY. THE ACADEMY HAS FROM TIME TO TIME REPORTED UNRELATED BUSINESS INCOME FROM INVESTMENTS HELD IN THE ENDOWMENT FUND, WHEN UNRELATED BUSINESS INCOME HAS BEEN REPORTED BY THE INVESTMENT MANAGER ON SCHEDULE K-1. THE STATUTE OF LIMITATIONS ON THE ACADEMY'S U.S. FEDERAL INFORMATIONAL RETURNS REMAINS OPEN FOR THREE YEARS FOLLOWING THE THE YEAR THEY ARE FILED. THE FINANCIAL ACCOUNTING STANDARDS BOARD ("FASB") ISSUED ACCOUNTING STANDARDS CODIFICATION ("ASC") 740-10, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, WHICH REQUIRES THAT A TAX POSITION BE RECOGNIZED OR DERECOGNIZED BASED ON A "MORE LIKELY THAN NOT" THRESHOLD. THE ACADEMY DOES NOT BELIEVE THERE ARE ANY UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE RECOGNITION IN THE FINANCIAL STATEMENTS AS OF JUNE 30, 2020 AND 2019. PART III, LINE 1A: COLLECTIONS ACQUIRED THROUGH PURCHASES AND CONTRIBUTIONS SINCE THE ACADEMY'S INCEPTION ARE NOT RECOGNIZED AS ASSETS ON THE STATEMENT OF FINANCIAL POSITION. PURCHASES OF COLLECTION ITEMS ARE RECORDED AS DECREASES IN UNRESTRICTED NET ASSETS IN THE YEAR IN WHICH THE ITEMS ARE ACQUIRED OR AS TEMPORARILY OR PERMANENTLY RESTRICTED NET ASSETS IF THE ASSETS USED TO PURCHASE THE ITEMS ARE RESTRICTED BY DONORS. CONTRIBUTED COLLECTION ITEMS ARE NOT REFLECTED ON THE FINANCIAL STATEMENTS. THE ACADEMY'S COLLECTIONS ARE MADE UP OF LIBRARY HOLDINGS, SCIENTIFIC SPECIMENS, MINERALS, EXHIBITS, AND ART OBJECTS THAT ARE HELD FOR EDUCATIONAL, RESEARCH, SCIENTIFIC, AND CURATORIAL PURPOSES. EACH OF THESE ITEMS ARE CATALOGED, PRESERVED, AND CARED FOR, AND ACTIVITIES VERIFYING THEIR EXISTENCE AND ASSESSING THEIR CONDITION ARE PERFORMED CONTINUOUSLY. PART III, LINE 4: THE ACADEMY'S COLLECTIONS OF MORE THAN 18 MILLION CATALOGED NATURAL HISTORY SPECIMENS AND ARTIFACTS ARE COLLECTIVELY AMONG THE 10 LARGEST IN THE UNITED STATES. THROUGH ITS THREE MAIN COMPONENTS - RESEARCH, EDUCATION AND MUSEUM, THE ACADEMY WORKS TO SHARE ITS SCIENTIFIC KNOWLEDGE GAINED FROM THE COLLECTIONS AND OTHER ORGANIZATIONS, GOVERNMENTS, BUSINESSES, AND INDIVIDUALS TO INSPIRE STEWARDSHIP IN THE ENVIRONMENT AND TO PROMOTE AND ENCOURAGE CONTINUED INVESTMENT IN THE NATURAL SCIENCES. PART V, LINE 4: THE ENDOWMENT FUNDS WERE ESTABLISHED TO SUPPORT SCIENTIFIC COLLECTIONS AND RESEARCH, EDUCATION, PUBLICATIONS, THE LIBRARY, DEPARTMENTAL CHAIRS AND POSITIONS, AND THE OVERALL OPERATION OF THE ACADEMY OF NATURAL SCIENCES. 1 SUB-SAHARAN AFRICA - ANGOLA, BENIN, BOTSWANA, BURKINA FASO, 0 0 PROGRAM SERVICES RESEARCH/COLLECTING 6777 SOUTH AMERICA 0 0 PROGRAM SERVICES RESEARCH/COLLECTING 161 EUROPE - INCLUDING ICELAND AND GREENLAND 0 0 PROGRAM SERVICES RESEARCH/COLLECTING 2664 NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES 0 0 PROGRAM SERVICES RESEARCH/COLLECTING 3602 CENTRAL AMERICA AND THE CARIBBEAN 0 0 PROGRAM SERVICES RESEARCH/COLLECTING 480 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES RESEARCH/COLLECTING 637 0 0 0 0 0 0 14321 0 14321 1 0 1 0 1 0 PART I, LINE 2: THE EXPENDITURES INCURRED IN ACTIVITIES OUTSIDE THE UNITED STATES ARE TRACKED ON EXPENSE REPORTS SUBMITTED BY THE SCIENTISTS AND EMPLOYEES. THE EXPENSE REPORTS DOCUMENT THE ACTUAL EXPENDITURES AND DISBURSEMENTS MADE WITHIN THE FOREIGN LOCATION. PART III ACCOUNTING METHOD: 1 AZAVEA 990 SPRING GARDEN ST 5 PHILADELPHIA PA 19123 233039470 47048 0 RESEARCH PHILADELPHIA EDUCATION FUND 700 ARCH ST 700N PHILADELPHIA PA 19106 222567982 501(C)(3) 20950 0 RESEARCH TRUSTEES OF THE UNIVERSITY OF ILLINOIS 506 S WRIGHT ST 209 HAB NO MC339 URBANA IL 61801 376000511 501(C)(3) 103088 0 RESEARCH UNIVERSITY OF DELAWARE 220 HULLIHEN HALL NEWARK DE 19716 516000297 501(C)(3) 102849 0 RESEARCH 3 1 PART I, LINE 2: THE PRINCIPAL INVESTIGATOR HAVING RESPONSIBILITY FOR THE GRANT MONITORS SUBCONTRACTOR PERFORMANCE BASED ON THE PROGRAM'S TASKS AND GOALS. THE PRINCIPAL INVESTIGATOR REVIEWS THE PERFORMANCE BEFORE AUTHORIZING THE SUBCONTRACTOR'S INVOICE FOR PAYMENT. X X X X X 0 1 0 0 0 0 0 0 0 JOHN A FRY BOARD TRUSTEE 0 830666 0 0 0 373573 0 394490 0 15629 0 1614358 0 0 M BRIAN BLAKE PHD BOARD TRUSTEE (THROUGH 10/19) 0 485562 0 0 0 123144 0 25200 0 15145 0 649051 0 0 PAUL JENSEN PHD BOARD TRUSTEE (AS OF 11/19) 0 425415 0 0 0 0 0 30800 0 18174 0 474389 0 0 SCOTT COOPER PHD PRESIDENT AND CEO 388769 0 0 0 22753 0 24575 0 18174 0 454271 0 0 0 DAVID RUSENKO BOARD TRUSTEE 0 269894 0 0 0 0 0 30250 0 14548 0 314692 0 0 DAVID VELINSKY VP, CENTER FOR ACADEMY SCI 0 185651 0 0 0 0 0 17404 0 17879 0 220934 0 0 LISA M MILLER VP, CFO/COO 196547 0 0 0 0 0 21642 0 654 0 218843 0 0 0 JANE TAYLOR VP, MARKETING, SALES & COM 155444 0 0 0 0 0 17085 0 493 0 173022 0 0 0 PART I, LINE 4B DREXEL UNIVERSITY, A RELATED ORGANIZATION, PROVIDES JOHN FRY WITH CERTAIN SUPPLEMENTAL RETIREMENT AND DEATH BENEFITS, EFFECTIVE AS OF JULY 1, 2012. THE ANNUAL ALLOCATION AMOUNT IS CONDITIONED ON MR. FRY'S CONTINUED EMPLOYMENT THROUGH THE END OF THE IMMEDIATELY PRECEDING FISCAL YEAR (OR UPON THE DATE OF DEATH, TOTAL DISABILITY, OR INVOLUNTARY TERMINATION, IF EARLIER). THIS ANNUAL ALLOCATION AMOUNT IS EQUAL TO 11% OF THE PREVIOUS FISCAL YEAR TOTAL BASE AND BONUS COMPENSATION PAID TO MR. FRY THAT EXCEEDS THE COMPENSATION LIMIT UNDER INTERNAL REVENUE CODE SECTION 401(A)(17). PART II DREXEL UNIVERSITY, A RELATED ORGANIZATION, PROVIDES JOHN FRY WITH A DEFERRED COMPENSATION ARRANGEMENT. THE UNIVERSITY WILL CREDIT MR. FRY WITH $300,000 ON JUNE 30, 2019, AND ON EACH FOLLOWING JUNE 30 THROUGH 2021 WHILE HE REMAINS EMPLOYED BY THE UNIVERSITY AS PRESIDENT AND CHIEF EXECUTIVE OFFICER. THE AMOUNT CREDITED ON JUNE 30, 2021 WILL ALSO INCLUDE INVESTMENT EARNINGS, GAINS, AND LOSSES, PROVIDED MR. FRY IS EMPLOYED BY THE UNIVERSITY ON THAT DATE. IN THE EVENT MR. FRY VOLUNTARILY TERMINATES HIS EMPLOYMENT WITHOUT GOOD REASON WITH THE UNIVERSITY PRIOR TO JUNE 30, 2021, OR THE UNIVERSITY TERMINATES MR. FRY'S EMPLOYMENT FOR CAUSE, THE DEFERRED COMPENSATION SHALL BE FORFEITED. PRIOR TO HIS OCTOBER 2019 DEPARTURE, DREXEL UNIVERSITY ALSO PROVIDED M. BRIAN BLAKE WITH A DEFERRED COMPENSATION ARRANGEMENT. UPON HIS OCTOBER 2019 DEPARTURE, DR. BLAKE FORFEITED ALL AMOUNTS ACCRUED UNDER THIS DEFERRED COMPENSATION ARRANGEMENT. X 2 0 PART II EXPLANATION X 0 PART II EXPLANATION X 11 99133 SELLING PRICE X 8 0 PART II EXPLANATION X MISCELLANEOUS 3 0 PART II EXPLANATION 1 0 1 0 PART I, COLUMN (B): THE ORGANIZATION IS REPORTING THE NUMBER OF CONTRIBUTIONS IN COLUMN (B), NOT THE NUMBER OF ITEMS. PART I, LINE 33: THE ORGANIZATION DOES NOT RECOGNIZE REVENUE FOR CONTRIBUTIONS OF COLLECTION ITEMS BECAUSE COLLECTIONS ARE NOT CAPITALIZED AS ALLOWED UNDER SFAS 116. THE ORGANIZATION ALSO DOES NOT RECOGNIZE REVENUE FOR NONCASH CONTRIBUTIONS (OTHER THAN SECURITIES) THAT ARE LESS THAN $5,000 IN VALUE. FORM 990, PART V, LINE 7G: NOT APPLICABLE. FORM 990, PART V, LINE 7H: NOT APPLICABLE. FORM 990, PART VI, SECTION A, LINE 1 EMERITUS TRUSTEES AND HONORARY TRUSTEES SHALL HAVE SUCH OTHER PRIVILEGES AS THE BOARD SHALL DETERMINE BUT SHALL NOT BE ELIGIBLE TO VOTE. FORM 990, PART VI, SECTION A, LINE 2 JOHN BALES AND SANDRA MCLEAN - BUSINESS RELATIONSHIP. FORM 990, PART VI, SECTION A, LINE 6 THE MEMBERSHIP OF THE ACADEMY CONSISTS OF ONE VOTING MEMBER WHICH IS DREXEL UNIVERSITY. FORM 990, PART VI, SECTION A, LINE 7A DREXEL UNIVERSITY IS THE SOLE VOTING MEMBER AND HAS THE AUTHORITY TO APPOINT OR REMOVE AN ACADEMY TRUSTEE. FORM 990, PART VI, SECTION A, LINE 7B TO THE FULLEST EXTENT PERMITTED UNDER THE PENNSYLVANIA NON-PROFIT CORPORATION LAW OF 1988, AS AMENDED, CERTAIN CORPORATE ACTIONS REQUIRE THE APPROVAL OF THE MEMBER. FORM 990, PART VI, SECTION B, LINE 11B THE DRAFT 990 IS PREPARED INTERNALLY AND REVIEWED BY THE ACADEMY'S AUDIT COMMITTEE. ACTING ON BEHALF OF THE BOARD, THE AUDIT COMMITTEE WILL APPROVE THE FINAL VERSION AND DIRECT THE RETURN TO BE FILED. A COPY OF THE FINAL VERSION IS DISTRIBUTED TO ALL MEMBERS OF THE BOARD OF TRUSTEES PRIOR TO FILING AND POSTED ON THE WEBSITE. FORM 990, PART VI, SECTION B, LINE 12C THE ACADEMY OF NATURAL SCIENCES OF PHILADELPHIA ("ACADEMY") IMPLEMENTS THE CONFLICT OF INTEREST POLICY OF ITS PARENT, DREXEL UNIVERSITY. THE POLICY APPLIES TO ALL EMPLOYEES (WHETHER A KEY EMPLOYEE OR NOT), OFFICERS, AND TRUSTEES OF THE ACADEMY/UNIVERSITY. THE CONFLICT OF INTEREST POLICY IS INTENDED TO SATISFY COMPLIANCE REQUIREMENTS AND GUIDE ACADEMY/UNIVERSITY PERSONNEL IN AVOIDING THOSE SITUATIONS THAT CAN RESULT IN A CONFLICT OF INTEREST OR COMMITMENT. THE KEY TO AVOIDING THOSE SITUATIONS THAT CAN RESULT IN A CONFLICT OF INTEREST OR COMMITMENT IS TO MAKE CONSTITUENTS AWARE OF WHAT CONSTITUTES A CONFLICT OF INTEREST AND FOR THEM TO DISCLOSE POTENTIAL SITUATIONS BEFORE THE ACTIVITY IS UNDERTAKEN. THE FORMAT FOR THE DISCLOSURE IS FOR EACH EMPLOYEE, OFFICER OR TRUSTEE TO COMPLETE A QUESTIONNAIRE ANNUALLY. THE COMPLETED QUESTIONNAIRE IS SUBMITTED TO THE HUMAN RESOURCES DEPARTMENT IN THE CASE OF EMPLOYEES PER POLICY AND AS REQUIRED IS REVIEWED BY THE VICE PRESIDENT AND UNIVERSITY CHIEF COMPLIANCE AND PRIVACY OFFICER. COMPLETED QUESTIONNAIRES FOR OFFICERS AND TRUSTEES ARE SUBMITTED TO THE OFFICE OF THE GENERAL COUNSEL FOR REVIEW. AFTER REVIEW, A DETERMINATION IS MADE AS TO WHETHER A CONFLICT OF INTEREST EXISTS AND AT WHAT LEVEL. THOSE EMPLOYEES CONFLICTS THAT ARE DETERMINED TO BE DETRIMENTAL TO THE ACADEMY/UNIVERSITY ARE DISCUSSED WITH THE EMPLOYEE AND THE EMPLOYEE IS ENCOURAGED TO TERMINATE THE ACTIVITY. EMPLOYEES WHO WILLINGLY OR OTHERWISE CONTINUE TO VIOLATE THE CONFLICT OF INTEREST POLICY ARE SUBJECT TO DISCIPLINARY ACTION UP TO AND INCLUDING SUSPENSION WITHOUT PAY, DEMOTION OR TERMINATION OF EMPLOYMENT. IN THE CASE OF TRUSTEES, A CONFLICT OF INTEREST QUESTIONNAIRE IS MAILED ANNUALLY. TRUSTEES ARE REQUIRED TO COMPLETE THE QUESTIONNAIRE AND DISCLOSE ANY INTERESTS IN ANY CORPORATION, PARTNERSHIP OR OTHER ORGANIZATION IN WHICH THEY OWN OR CONTROL 5% OR MORE OF THE ENTITY. FORM 990, PART VI, SECTION B, LINE 15 ACADEMY CEO COMPENSATION IS DETERMINED BY THE ACADEMY BOARD CHAIR AND DREXEL UNIVERSITY PRESIDENT, IN CONSULTATION WITH THE UNIVERSITY'S HUMAN RESOURCES DEPARTMENT, USING DATA ON THE COMPENSATION OF OTHER NON-PROFIT CEOS IN THE REGION TO RECOMMEND AN APPROPRIATE SALARY RANGE. COMPENSATION SPECIALIST(S) REVIEWED ALL POSITIONS AT THE ACADEMY AND RECOMMENDED A COMPENSATION STRUCTURE BASED ON JOB CLASS, INDUSTRY SECTOR, AND GEOGRAPHIC REGION. INDIVIDUAL COMPENSATION LEVELS ARE ESTABLISHED WITHIN THE RANGE FOR THE GIVEN POSITION BASED ON THE EXPERIENCE AND YEARS OF SERVICE. FORM 990, PART VI, SECTION C, LINE 19 THROUGH THE ACADEMY'S PUBLIC WEBSITE THE PUBLIC MAY REQUEST AND PRINT THE ACADEMY'S BY-LAWS, ARTICLES OF INCORPORATION, FORM 990, CODE OF ETHICS AND CONDUCT AND THE CURRENT AUDIT FINANCIAL STATEMENTS. THE ACADEMY WILL ALSO RESPOND TO WRITTEN REQUESTS AS WELL AS PHONE REQUESTS FOR INFORMATION FOR THOSE WITHOUT COMPUTER ACCESS. THE ACADEMY'S 990 ALSO APPEARS ON INDEPENDENT NON-PROFIT WEBSITES LIKE GUIDESTAR AND CHARITY NAVIGATOR. FORM 990, PART XII, LINE 2C: THE ACADEMY'S FINANCE COMMITTEE REVIEWS THE AUDITED FINANCIAL STATEMENTS FOR THE ACADEMY OF NATURAL SCIENCES. THE TASK OF SELECTING THE INDEPENDENT AUDITOR AND APPROVING THE AUDIT PLAN, FOR THE UNIVERSITY AND ITS SUBSIDIARIES, IS THE RESPONSIBILITY OF DREXEL UNIVERSITY'S AUDIT COMMITTEE. DREXEL UNIVERSITY 3201 ARCH STREET SUITE 420 PHILADELPHIA PA 19104 231352630 EDUCATIONAL INSTITUTION PA 501(C)3 2 N/A 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 0 0 0