DREW UNIVERSITY: Form 990, tax year 2018
View the entire original 990 at ProPublica ↗
- Organization
- DREW UNIVERSITY (EIN 22-1487164)
- Tax period
- 2018-07-01 to 2019-06-30
- Filed
- 2020-11-11
- IRS object ID
- 202013169349303571
- Schema version
- 2018v3.2
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule C
- Schedule D
- Schedule E
- Schedule F
- Schedule I
- Schedule J
- Schedule K
- Schedule L
- Schedule M
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2020-11-11T12:53:13-06:00 | ReturnTs |
| Tax Period End | 2019-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 390859910 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BAKER TILLY US LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1570 FRUITVILLE PIKE SUITE 400 | AddressLine1Txt |
| City | LANCASTER | CityNm |
| State Abbreviation | PA | StateAbbreviationCd |
| ZIP | 17601 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2018-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 221487164 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | DREW UNIVERSITY | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | DREW | BusinessNameControlTxt |
| Phone | 9734083501 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 36 MADISON AVENUE | AddressLine1Txt |
| City | MADISON | CityNm |
| State Abbreviation | NJ | StateAbbreviationCd |
| ZIP | 07940 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | JOHN VITALI | PersonNm |
| Person Title | VICE PRESIDENT FINANCE & ADMIN | PersonTitleTxt |
| Phone | 9734083501 | PhoneNum |
| Signature | 2020-11-05 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | KERRI N BOGDA CPA | PreparerPersonNm |
| PTIN | P00760402 | PTIN |
| Phone | 7177404863 | PhoneNum |
Filing Security Information FilingSecurityInformation
IP Address IPAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| I Pv4 Address | 174.55.183.101 | IPv4AddressTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IP | 2020-11-05 | IPDt |
| IP Tm | 09:38:24 | IPTm |
| IP Timezone | ES | IPTimezoneCd |
| Filing License Type | P | FilingLicenseTypeCd |
| At Submission Creation Device Id | DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 | AtSubmissionCreationDeviceId |
| At Submission Filing Device Id | AE0C272A69DD34E2EDF3B6A185DE1CF90EACE8A4 | AtSubmissionFilingDeviceId |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2018 | TaxYr |
| Build TS | 2021-01-29 14:40:06Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Amended Return | Yes (X) | AmendedReturnInd |
| Principal Officer | DR MARYANN BAENNINGER | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 36 MADISON AVENUE | AddressLine1Txt |
| City | MADISON | CityNm |
| State Abbreviation | NJ | StateAbbreviationCd |
| ZIP | 07940 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $140,659,663 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.DREW.EDU | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1868 | FormationYr |
| Legal Domicile State | NJ | LegalDomicileStateCd |
| Activity Or Mission | THE UNIVERSITY OFFERS GRADUATE AND UNDERGRADUATE STUDIES AND IS COMPRISED OF THE COLLEGE OF LIBERAL ARTS, THE THEOLOGICAL SCHOOL, AND THE CASPERSEN SCHOOL OF GRADUATE STUDIES. | ActivityOrMissionDesc |
| Voting Members Governing Body | 32 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 31 | VotingMembersIndependentCnt |
| Total Employee | 1316 | TotalEmployeeCnt |
| Total Volunteers | 32 | TotalVolunteersCnt |
| Total Gross UBI | -$265,872 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $11,222,289 | PYContributionsGrantsAmt |
| CY Contributions Grants | $7,024,081 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $99,180,459 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $91,901,865 | CYProgramServiceRevenueAmt |
| PY Investment Income | $23,494,957 | PYInvestmentIncomeAmt |
| CY Investment Income | $17,060,243 | CYInvestmentIncomeAmt |
| PY Other Revenue | $2,605,761 | PYOtherRevenueAmt |
| CY Other Revenue | $2,548,863 | CYOtherRevenueAmt |
| PY Total Revenue | $136,503,466 | PYTotalRevenueAmt |
| CY Total Revenue | $118,535,052 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $44,590,991 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $35,280,263 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $48,584,509 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $49,239,368 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $3,279,099 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $46,195,555 | PYOtherExpensesAmt |
| CY Other Expenses | $49,673,850 | CYOtherExpensesAmt |
| PY Total Expenses | $139,371,055 | PYTotalExpensesAmt |
| CY Total Expenses | $134,193,481 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | -$2,867,589 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$15,658,429 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $305,827,310 | TotalAssetsBOYAmt |
| Total Assets EOY | $293,850,894 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $117,074,095 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $103,552,998 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $188,753,215 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $190,297,896 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | DREW UNIVERSITY, A PHI BETA KAPPA LIBERAL ARTS UNIVERSITY, INCLUDES THE COLLEGE OF LIBERAL ARTS, THE DREW THEOLOGICAL SCHOOL, AND THE CASPERSEN SCHOOL OF GRADUATE STUDIES.CONTINUED ON SCHEDULE O. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $61,385,104 | ExpenseAmt |
| Grant | $31,515,037 | GrantAmt |
| Revenue | $61,676,378 | RevenueAmt |
| Desc | THE DREW UNIVERSITY COLLEGE OF LIBERAL ARTS AFFIRMS A COMMITMENT TO ITS FOUNDING VISION TO OFFER ITS STUDENTS A LIBERAL ARTS EDUCATION OF THE HIGHEST QUALITY THROUGH A RIGOROUS COURSE OF STUDY. THE COLLEGE CHALLENGES STUDENTS TO EXPLORE THE ARTS, NATURAL SCIENCES, SOCIAL SCIENCES, HUMANITIES, AND INTERDISCIPLINARY FIELDS IN DEPTH AND TO DEVELOP THEIR CAPACITIES FOR CRITICAL THOUGHT, PROBLEM SOLVING, EFFECTIVE COMMUNICATION, CREATIVITY, SELF DISCIPLINE, AND EMPATHY. AS THE COLLEGE PREPARES STUDENTS FOR ACADEMIC AND PROFESSIONAL ACHIEVEMENT, IT PROVIDES THEM WITH ESSENTIAL SKILLS FOR LIVING AND CONTINUING TO LEARN AND TO GROW IN AN INCREASINGLY DIVERSE AND COMPLEX WORLD. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $8,588,316 | ExpenseAmt |
| Grant | $2,819,353 | GrantAmt |
| Revenue | $4,013,516 | RevenueAmt |
| Desc | DREW THEOLOGICAL SCHOOL EMPOWERS LEADERSHIP FOR A GLOBAL CHRISTIANITY OF JUSTICE, ECUMENISM, AND THE INTEGRITY OF CREATION. ITS PASTORAL, SPIRITUAL, AND CONCEPTUAL DISCIPLINES GROW WITHIN AN INTIMATE LITURGICAL AND COMMUNAL CONTEXT, ONE THAT SUSTAINS MULTIPLE RELATIONS OF DIFFERENCE. THROUGH ITS PARTICULAR HISTORICAL COMMITMENTS TO AFRICAN, ASIAN, AFRICAN-AMERICAN, HISPANIC, AND WOMEN'S MINISTRIES, THE THEOLOGICAL SCHOOL REMAINS FAITHFULLY ROOTED IN ITS METHODIST HERITAGE.DREW NURTURES CHRISTIAN PRACTICES THROUGH VITAL PARTNERSHIP WITH LOCAL CHURCHES AND INTERNATIONAL NETWORKS OF EDUCATION. TRANS-DISCIPLINARY INTERPRETATION OF TEXT, TRADITION, AND EXPERIENCE ENERGIZES ITS SCHOLARLY VIGOR. CONTINUED ON SCHEDULE "O".DREW ENGENDERS THEOLOGIES RESPONSIBLE TO THE COMPLEX REALITIES OF AN INTERCONNECTED WORLD. INTO THAT WORLD, DREW SENDS PASTORS, PREACHERS AND PROPHETS, DEACONS, ACTIVISTS, AND TEACHERS. | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $2,902,644 | ExpenseAmt |
| Grant | $945,873 | GrantAmt |
| Revenue | $3,075,909 | RevenueAmt |
| Desc | THE CASPERSEN SCHOOL OF GRADUATE STUDIES WAS FOUNDED ON THE PRINCIPLE OF THE IMPORTANCE OF INTERDISCIPLINARY STUDY IN THE HUMANITIES. THE GOAL OF THE SCHOOL'S FOUNDERS WAS TO FOSTER BROADLY EDUCATED PEOPLE WHO HAVE EXPERTISE IN A FIELD OF THOUGHT BUT WHO ARE ALSO FAMILIAR WITH AND ARTICULATE IN A RANGE OF HUMANISTIC STUDIES. THIS MISSION CONTINUES TO DISTINGUISH THE CASPERSEN SCHOOL AMONG INSTITUTIONS WITH DOCTORAL PROGRAMS IN THE HUMANITIES. OUR INTENT IS TO TRAIN PERSONS WHO ARE PROPERLY PREPARED NOT ONLY IN SPECIFIC RECOGNIZED FIELDS BUT ALSO IN INTERDISCIPLINARY DIALOGUE. WE CELEBRATE THE JOY OF LEARNING AS WE PREPARE ABLE, WELL INFORMED GRADUATES WHO PURSUE CAREERS IN HIGHER EDUCATION, IN THE RELIGIOUS AND MEDICAL COMMUNITIES, AND IN THE BROADER INTELLECTUAL WORLD. CONTINUED ON SCHEDULE "O".AS SUCH, WE ARE WELL POSITIONED TO MEET THE INCREASING CALL FOR INTERDISCIPLINARY APPROACHES BOTH IN THE ACADEMY AND IN THE WIDER WORLD. INTEGRAL TO OUR MISSION IS ENCOURAGING OUR FACULTY AND STUDENTS ALIKE TO PURSUE CREATIVE RESEARCH IN THE HUMANITIES AND TO MAKE THE RESULTS OF THEIR WORK AVAILABLE THROUGH TEACHING, PARTICIPATION IN SCHOLARLY MEETINGS, VARIOUS FORMS OF PUBLICATION AND INTELLECTUAL DISCOURSE; TO THAT END WE CONTINUE TO EXPLORE NEW POSSIBILITIES OF ENHANCING INTERDISCIPLINARY STUDIES IN THE HUMANITIES. | Desc |
Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $43,969,883 | ExpenseAmt |
| Grant | $0 | GrantAmt |
| Revenue | $23,892,971 | RevenueAmt |
| Desc | OTHER PROGRAM EXPENSES REFLECT EDUCATIONAL PROGRAM EXPENSES NOT DIRECTLY RELATED TO ONE OF THE SCHOOLS DESCRIBED ABOVE. IT INCLUDES AN ALLOCATED METHOD OF PROGRAM, AUXILIARY, AND STUDENT SERVICE EXPENSES. OTHER PROGRAM ACTIVITIES ALSO INCLUDE EXPENSES AND REVENUES FROM THE UNIVERSITY'S CONTINUING EDUCATION AND SUMMER PROGRAMS. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Prog Srvc Expense | $43,969,883 | TotalOtherProgSrvcExpenseAmt |
| Total Other Prog Srvc Grant | $0 | TotalOtherProgSrvcGrantAmt |
| Total Other Prog Srvc Revenue | $23,892,971 | TotalOtherProgSrvcRevenueAmt |
| Total Program Service Expenses | $116,845,947 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | Yes (1) | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Temp Or Permanent Endowments | Yes (1) | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | Yes (1) | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | 0 | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (1) | ConsolidatedAuditFinclStmtInd |
| School Operating | Yes (1) | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | Yes (1) | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (1) | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | Yes (1) | TaxExemptBondsInd |
| Invest Tax Exempt Bonds | 0 | InvestTaxExemptBondsInd |
| Escrow Account | 0 | EscrowAccountInd |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuerInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | Yes (1) | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | 0 | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | Yes (1) | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | Yes (1) | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | Yes (1) | TransactionWithControlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 408 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Employee | 1316 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (1) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (1) | Form990TFiledInd |
| Foreign Financial Account | Yes (1) | ForeignFinancialAccountInd |
| Foreign Country | CJ | ForeignCountryCd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 32 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 31 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | JOHN VITALI VP FINANCE & ADMIN | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 9734083501 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 36 MADISON AVENUE | AddressLine1Txt |
| City | MADISON | CityNm |
| State Abbreviation | NJ | StateAbbreviationCd |
| ZIP | 07940 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (43 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Key EmployeeKeyEmployeeInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|---|---|
| DEAN T CRIARES | |||||||||
| CHAIR | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |||
| WILLIAM M FREEMAN | |||||||||
| VICE CHAIR/SECRETARY | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |||
| FREDRICK FUEST | |||||||||
| VICE CHAIR | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |||
| MARYANN BAENNINGER | |||||||||
| PRESIDENT (NON-VOTING) | 50.00 | Yes (X) | Yes (X) | $786,775 | $0 | $72,159 | |||
| BISHOP THOMAS J BICKERTON | |||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| JUDITH E CAMPBELL | |||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| WILLIAM M CICCHINO | |||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| D STUART DUNNAN | |||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| MICHELLE HAMPTON | |||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| ROBERT FRANEK | |||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| ANGELA B GERKEN | |||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| BRUCE HARTMAN | |||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| BISHOP PEGGY A JOHNSON | |||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| WILLIAM T KNOX | |||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| WILLIAM W LANDIS III | |||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| HWAIN C LEE | |||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| JAMES VAN SCHAICK | |||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| EDWARD MOED | |||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| LAWRENCE G MORRIS | |||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| JEFFREY B NOSS | |||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| JOSEPH C NOTO | |||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| BISHOP JOHN SCHOL | |||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| DEANDRE M SALTER | |||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| CHRIS SMITH | |||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| VANESSA L VAN BRUNT | |||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| JENNIFER VELEZ | |||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| PAULINE WARDELL-SANKOH | |||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| JOYCE BROCAGLIA | |||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| GREGORY H GORDON | |||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| GAETANA A KOPCHINSKY | |||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| SANJAY MIRCHANDANI | |||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| ANDRES PENATE | |||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| SUNEET VERMA | |||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| BETSY S MICHEL | |||||||||
| TRUSTEE (UNTIL 1/10/19) | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| KATHLEEN SUTHERLAND | |||||||||
| ASSISTANT SECRETARY | 35.00 | Yes (X) | $64,300 | $0 | $12,365 | ||||
| JOHN VITALI | |||||||||
| VP FINANCE & ADMINISTRATION | 49.00 | Yes (X) | $281,933 | $0 | $36,434 | 1.00 | |||
| ROBERT MASSA | |||||||||
| VP ENROLLMENT MAN. | 50.00 | $267,000 | $0 | $27,869 | Yes (X) | ||||
| DEBRA LIEBOWITZ | |||||||||
| PROVOST | 50.00 | $220,297 | $0 | $39,307 | Yes (X) | ||||
| RENEE LISCHIN | |||||||||
| AVP FINANCE AND TREASURER | 50.00 | $179,639 | $0 | $13,922 | Yes (X) | ||||
| KIRA POPLOWSKI | |||||||||
| VP COMMUNICATIONS MARKETING | 50.00 | $174,293 | $0 | $15,537 | Yes (X) | ||||
| ELIZABETH KORNSTEIN | |||||||||
| ASST VP ADVANCEMENT | 50.00 | $155,816 | $0 | $12,817 | Yes (X) | ||||
| MARTI BETH WINER | |||||||||
| CHIEF OF STAFF | 50.00 | $154,641 | $0 | $17,840 | Yes (X) | ||||
| JAVIER VIERA | |||||||||
| VICE PROVOST & DEAN | 50.00 | $151,420 | $0 | $75,728 | Yes (X) | ||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $2,436,114 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $323,978 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 77 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| ARAMARK CORPORATION | |||||
| 135 NEW RD | MADISON | NJ | 07940 | FOOD SERVICES | $5,707,563 |
| BRAVO BUILDING SERVICES INC | |||||
| 29 KING GEORGE RD | GREENBROOK | NJ | 08812 | CLEANING MAINTENANCE | $1,446,545 |
| FRANKOSKI CONSTRUCTION CO INC | |||||
| 314 DODD ST | EAST ORANGE | NJ | 07017 | CONTRACTORS | $1,319,434 |
| ARAMARK HIGHER EDUCATION | |||||
| 24818 NETWORK PL | CHICAGO | IL | 60673 | FACILITIES MAINTENANCE | $1,289,921 |
| JOSEPH A NATOLI CONSTRUCTION CORPORATIO | |||||
| 293 CHANGEBRIDGE RD | PINE BROOK | NJ | 07058 | CONTRACTORS - BUILDING RENOVATION | $1,123,162 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 54 | CntrctRcvdGreaterThan100KCnt |
| Federated Campaigns | $6,504 | FederatedCampaignsAmt |
| Government Grants | $1,508,724 | GovernmentGrantsAmt |
| All Other Contributions | $5,508,853 | AllOtherContributionsAmt |
| Noncash Contributions | $413,779 | NoncashContributionsAmt |
| Total Contributions | $7,024,081 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt | Unrelated Business RevenueUnrelatedBusinessRevenueAmt |
|---|---|---|---|---|
| TUITION AND FEES | 611310 | $68,765,802 | $68,765,802 | |
| AUXILIARY INCOME | 721310 | $23,136,063 | $23,069,774 | $66,289 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $91,901,865 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,879,694 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | -$332,161 | UnrelatedBusinessRevenueAmt |
| Exclusion | $2,211,855 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $31,749,174 | SecuritiesAmt |
| Other | $5,555,986 | OtherAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $19,923,578 | SecuritiesAmt |
| Other | $2,201,033 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $11,825,596 | SecuritiesAmt |
| Other | $3,354,953 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $15,180,549 | TotalRevenueColumnAmt |
| Exclusion | $15,180,549 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | ExclusionExclusionAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|---|
| ENDOWMENT TRUST INCOME | 900099 | $1,182,864 | $1,182,864 | |
| INTO DREW PROGRAM FEES | 900099 | $463,068 | $463,068 | |
| METHODIST INCOME | 900099 | $170,516 | $170,516 |
Miscellaneous Revenue MiscellaneousRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $732,415 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $586,392 | RelatedOrExemptFuncIncomeAmt |
| Exclusion | $146,023 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $2,548,863 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $118,535,052 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $92,592,484 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | -$265,872 | UnrelatedBusinessRevenueAmt |
| Exclusion | $19,184,359 | ExclusionAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $35,280,263 | TotalAmt |
| Program Services | $35,280,263 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,472,170 | TotalAmt |
| Program Services | $729,623 | ProgramServicesAmt |
| Management And General | $643,535 | ManagementAndGeneralAmt |
| Fundraising | $99,012 | FundraisingAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $37,495,541 | TotalAmt |
| Program Services | $31,946,245 | ProgramServicesAmt |
| Management And General | $4,135,506 | ManagementAndGeneralAmt |
| Fundraising | $1,413,790 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,280,437 | TotalAmt |
| Program Services | $1,925,583 | ProgramServicesAmt |
| Management And General | $266,593 | ManagementAndGeneralAmt |
| Fundraising | $88,261 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,320,304 | TotalAmt |
| Program Services | $4,492,424 | ProgramServicesAmt |
| Management And General | $621,967 | ManagementAndGeneralAmt |
| Fundraising | $205,913 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,670,916 | TotalAmt |
| Program Services | $2,255,301 | ProgramServicesAmt |
| Management And General | $312,242 | ManagementAndGeneralAmt |
| Fundraising | $103,373 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $374,509 | TotalAmt |
| Management And General | $374,509 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $123,343 | TotalAmt |
| Management And General | $123,258 | ManagementAndGeneralAmt |
| Fundraising | $85 | FundraisingAmt |
Fees For Services Lobbying FeesForServicesLobbyingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $32,476 | TotalAmt |
| Management And General | $32,476 | ManagementAndGeneralAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $821,034 | TotalAmt |
| Management And General | $821,034 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,402,834 | TotalAmt |
| Program Services | $617,912 | ProgramServicesAmt |
| Management And General | $1,625,863 | ManagementAndGeneralAmt |
| Fundraising | $159,059 | FundraisingAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $410,822 | TotalAmt |
| Program Services | $323,883 | ProgramServicesAmt |
| Management And General | $84,991 | ManagementAndGeneralAmt |
| Fundraising | $1,948 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $952,005 | TotalAmt |
| Program Services | $760,433 | ProgramServicesAmt |
| Management And General | $70,163 | ManagementAndGeneralAmt |
| Fundraising | $121,409 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,790,111 | TotalAmt |
| Program Services | $2,454,118 | ProgramServicesAmt |
| Management And General | $335,698 | ManagementAndGeneralAmt |
| Fundraising | $295 | FundraisingAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $10,756,461 | TotalAmt |
| Program Services | $9,416,558 | ProgramServicesAmt |
| Management And General | $824,258 | ManagementAndGeneralAmt |
| Fundraising | $515,645 | FundraisingAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $723,192 | TotalAmt |
| Program Services | $554,852 | ProgramServicesAmt |
| Management And General | $136,422 | ManagementAndGeneralAmt |
| Fundraising | $31,918 | FundraisingAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,393,522 | TotalAmt |
| Program Services | $1,243,139 | ProgramServicesAmt |
| Management And General | $37,824 | ManagementAndGeneralAmt |
| Fundraising | $112,559 | FundraisingAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,702,520 | TotalAmt |
| Program Services | $5,702,520 | ProgramServicesAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $7,949,202 | TotalAmt |
| Program Services | $7,509,373 | ProgramServicesAmt |
| Management And General | $391,816 | ManagementAndGeneralAmt |
| Fundraising | $48,013 | FundraisingAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $967,354 | TotalAmt |
| Program Services | $2,013 | ProgramServicesAmt |
| Management And General | $951,847 | ManagementAndGeneralAmt |
| Fundraising | $13,494 | FundraisingAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| FOOD EXPENSES | $5,021,879 | $4,613,859 | $289,690 | $118,330 |
| EQUIP. RENTAL & MAIN. | $1,889,841 | $805,847 | $990,530 | $93,464 |
| SUPPLIES | $1,647,189 | $1,310,911 | $299,672 | $36,606 |
| LIBRARY MATERIALS | $968,094 | $968,094 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,747,462 | TotalAmt |
| Program Services | $3,932,996 | ProgramServicesAmt |
| Management And General | $698,541 | ManagementAndGeneralAmt |
| Fundraising | $115,925 | FundraisingAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $134,193,481 | TotalAmt |
| Program Services | $116,845,947 | ProgramServicesAmt |
| Management And General | $14,068,435 | ManagementAndGeneralAmt |
| Fundraising | $3,279,099 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,217,081 | BOYAmt |
| EOY | $805,869 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,840,647 | BOYAmt |
| EOY | $7,596,123 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,263,246 | BOYAmt |
| EOY | $3,453,652 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,578,503 | BOYAmt |
| EOY | $2,334,188 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,414,925 | BOYAmt |
| EOY | $811,152 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $166,839 | BOYAmt |
| EOY | $161,574 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $567,759 | BOYAmt |
| EOY | $356,947 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $315,814,415 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $175,238,101 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $143,829,098 | BOYAmt |
| EOY | $140,576,314 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $30,466,379 | BOYAmt |
| EOY | $24,600,193 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $102,172,599 | BOYAmt |
| EOY | $105,929,322 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,310,234 | BOYAmt |
| EOY | $7,225,560 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $305,827,310 | BOYAmt |
| EOY | $293,850,894 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $8,397,951 | BOYAmt |
| EOY | $11,638,783 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $10,259,051 | BOYAmt |
| EOY | $8,808,658 | EOYAmt |
Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $77,232,906 | BOYAmt |
| EOY | $77,329,150 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $21,184,187 | BOYAmt |
| EOY | $5,776,407 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $117,074,095 | BOYAmt |
| EOY | $103,552,998 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $12,033,685 | BOYAmt |
| EOY | $3,490,172 | EOYAmt |
Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $75,369,736 | BOYAmt |
| EOY | $85,457,930 | EOYAmt |
Permanently Rstr Net Assets PermanentlyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $101,349,794 | BOYAmt |
| EOY | $101,349,794 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $188,753,215 | BOYAmt |
| EOY | $190,297,896 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $305,827,310 | BOYAmt |
| EOY | $293,850,894 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | -$15,658,429 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $2,163,973 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | $15,039,137 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | Yes (1) | FederalGrantAuditRequiredInd |
| Federal Grant Audit Performed | Yes (1) | FederalGrantAuditPerformedInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School | Yes (X) | SchoolInd |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $14,081,795 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $11,449,080 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $6,910,245 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $11,222,289 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $7,024,081 | CurrentTaxYearAmt |
| Total | $50,687,490 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $14,081,795 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $11,449,080 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $6,910,245 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $11,222,289 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $7,024,081 | CurrentTaxYearAmt |
| Total | $50,687,490 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total170 | $50,687,490 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $1,780,800 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $1,785,590 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $1,316,741 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $1,042,912 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $1,879,694 | CurrentTaxYearAmt |
| Total | $7,805,737 | TotalAmt |
Other Income170 OtherIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus2 Years | $1,001,061 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $867,313 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $1,791,955 | CurrentTaxYearAmt |
| Total | $3,660,329 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $62,153,556 | TotalSupportAmt |
| Gross Receipts Rltd Activities | $473,788,553 | GrossReceiptsRltdActivitiesAmt |
| Public Support CY170 | 0.81550 | PublicSupportCY170Pct |
| Public Support PY170 | 0.85620 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Form990 Schedule A Part VI Form990ScheduleAPartVIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: | FormAndLineReferenceDesc |
| Explanation | VEHICLE REGISTRATION FEES - 2016 AMOUNT: $ 149,521. 2017 AMOUNT: $ 140,013. 2018 AMOUNT: $ 146,023. ENDOWMENT TRUST INCOME - 2016 AMOUNT: $ 851,540. 2017 AMOUNT: $ 727,300. 2018 AMOUNT: $ 1,182,864. INTO DREW PROGRAM FEES - 2018 AMOUNT: $ 463,068. | ExplanationTxt |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule C IRS990ScheduleC
| Field | Value | IRS element (for citing) |
|---|---|---|
| Volunteers | 0 | VolunteersInd |
| Paid Staff Or Management | 0 | PaidStaffOrManagementInd |
| Media Advertisements | 0 | MediaAdvertisementsInd |
| Mailings Members | 0 | MailingsMembersInd |
| Publications Or Broadcast | 0 | PublicationsOrBroadcastInd |
| Grants Other Organizations | 0 | GrantsOtherOrganizationsInd |
| Direct Contact Legislators | 0 | DirectContactLegislatorsInd |
| Rallies Demonstrations | 0 | RalliesDemonstrationsInd |
| Other Activities | Yes (1) | OtherActivitiesInd |
| Other Activities | $32,476 | OtherActivitiesAmt |
| Total Lobbying Expenditures | $32,476 | TotalLobbyingExpendituresAmt |
| Not Described Section501c3 | 0 | NotDescribedSection501c3Ind |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART II-B, LINE 1: | FormAndLineReferenceDesc |
| Explanation | WINNING STRATEGIES WASHINGTON WORKS ON BEHALF OF DREW UNIVERSITY TO ADVOCATE AND ADVANCE FUNDING AND POLICY FIXES FROM THEIR INCEPTION TO CONCLUSION THROUGH THE LEGISLATIVE, APPROPRIATIONS, AND REGULATORY PROCESSES. SPECIFICALLY, IT HAS A STRONG UNDERSTANDING OF WHAT STRATEGIES WORK BEST IN GAINING THE INTEREST AND SUPPORT OF MEMBERS OF CONGRESS, ESPECIALLY WITH REGARD TO WORKING EFFECTIVELY WITH MEMBERS OF THE NEW JERSEY DELEGATION ON BEHALF OF THE UNIVERSITY. IN ADDITION, THE UNIVERSITY IS A MEMBER OF AND PAYS ANNUAL DUES TO THE FOLLOWING CONSORTIUM GROUPS: - THE ASSOCIATION OF INDEPENDENT COLLEGES AND UNIVERSITIES IN NEW JERSEY (AICUNJ) - THE NATIONAL ASSOCIATION OF INDEPENDENT COLLEGES AND UNIVERSITIES (NAICU) THE UNIVERSITY WORKS TOGETHER WITH THESE GROUPS TO MAKE AN IMPACT ON COMMON IDEAS/GOALS, ESPECIALLY WITH GOVERNMENT. EACH YEAR, THE GROUPS LOBBY FOR AN INCREASE OR AT LEAST A STABILIZATION OF GOVERNMENT FUNDS FOR STUDENT AID AND OTHER ISSUES IN WHICH DREW UNIVERSITY IS VERY INTERESTED. THE UNIVERSITY'S GOAL IS TO SECURE AS MUCH FUNDING AS POSSIBLE TO ASSIST IN THE MISSION. | ExplanationTxt |
Schedule D IRS990ScheduleD
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $158,044,000 | BeginningYearBalanceAmt |
| Contributions | $1,216,000 | ContributionsAmt |
| Investment Earnings Or Losses | $14,658,000 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $8,095,000 | GrantsOrScholarshipsAmt |
| End Year Balance | $165,823,000 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $160,050,000 | BeginningYearBalanceAmt |
| Contributions | $1,651,000 | ContributionsAmt |
| Investment Earnings Or Losses | $5,087,000 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $8,744,000 | GrantsOrScholarshipsAmt |
| End Year Balance | $158,044,000 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $155,871,000 | BeginningYearBalanceAmt |
| Contributions | $586,000 | ContributionsAmt |
| Investment Earnings Or Losses | $12,550,000 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $8,957,000 | GrantsOrScholarshipsAmt |
| End Year Balance | $160,050,000 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $197,261,000 | BeginningYearBalanceAmt |
| Contributions | $1,095,000 | ContributionsAmt |
| Investment Earnings Or Losses | $2,689,000 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $10,768,000 | GrantsOrScholarshipsAmt |
| Other Expenditures | $29,028,000 | OtherExpendituresAmt |
| End Year Balance | $155,871,000 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $199,411,000 | BeginningYearBalanceAmt |
| Contributions | $4,985,000 | ContributionsAmt |
| Investment Earnings Or Losses | $3,266,000 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $10,401,000 | GrantsOrScholarshipsAmt |
| End Year Balance | $197,261,000 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated Balance EOY | 0.16920 | BoardDesignatedBalanceEOYPct |
| Prmnnt Endowment Balance EOY | 0.50200 | PrmnntEndowmentBalanceEOYPct |
| Term Endowment Balance EOY | 0.32880 | TermEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | 0 | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | 0 | EndowmentsHeldRelatedOrgInd |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $451,313 | OtherCostOrOtherBasisAmt |
| Book Value | $451,313 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $255,144,356 | OtherCostOrOtherBasisAmt |
| Depreciation | $143,850,863 | DepreciationAmt |
| Book Value | $111,293,493 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $43,324,182 | OtherCostOrOtherBasisAmt |
| Depreciation | $15,384,326 | DepreciationAmt |
| Book Value | $27,939,856 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $16,894,564 | OtherCostOrOtherBasisAmt |
| Depreciation | $16,002,912 | DepreciationAmt |
| Book Value | $891,652 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $140,576,314 | TotalBookValueLandBuildingsAmt |
Other Securities OtherSecuritiesGrp (4 entries)
| DescDesc | Book ValueBookValueAmt | Method ValuationMethodValuationCd |
|---|---|---|
| ALTERNATIVE INVESTMENTS | $63,751,227 | F |
| PERPETUAL TRUSTS HELD BY THIRD PARTIES | $17,285,183 | F |
| POOLED INCOME FUNDS | $6,279,965 | F |
| BOND PROCEEDS HELD BY TRUSTEES | $18,612,947 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Securities | $105,929,322 | TotalBookValueSecuritiesAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (6 entries)
| DescDesc | AmtAmt |
|---|---|
| ANNUITY LIABILITY | $883,175 |
| ASSET RETIREMENT OBLIGATIONS | $2,578,301 |
| FEDERAL STUDENT LOAN FUNDS | $597,478 |
| OBLIGATIONS UNDER CAPITAL LEASE | $338,782 |
| POST RETIREMENT BENEFITS | $773,575 |
| STUDENT SECURITY DEPOSITS | $605,096 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $5,776,407 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $99,629,575 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | $2,163,973 | NetUnrealizedGainsInvstAmt |
| Other Revenue | -$21,069,450 | OtherRevenueAmt |
| Revenue Not Reported | -$18,905,477 | RevenueNotReportedAmt |
| Revenue Subtotal | $118,535,052 | RevenueSubtotalAmt |
| Revenue Not Reported Fincl Stmt | $0 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $118,535,052 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $98,362,264 | TotExpnsEtcAuditedFinclStmtAmt |
| Other Expenses Included | $270,080 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $270,080 | ExpensesNotReportedAmt |
| Expenses Subtotal | $98,092,184 | ExpensesSubtotalAmt |
| Other Expenses Not Included | $36,101,297 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $36,101,297 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $134,193,481 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (5 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART V, LINE 4: | ENDOWMENT FUNDS ARE TO BE HELD IN PERPETUITY AND TO PROVIDE FOR THE GENERATION OF INVESTMENT INCOME THROUGH STRATEGIC INVESTING AS APPROVED BY THE BOARD OF TRUSTEES INVESTMENT COMMITTEE. THIS INVESTMENT INCOME IS USED TO PROVIDE SUPPORT OF THE UNIVERSITY'S MISSION STATEMENT, COMMENSURATE WITH THE DONOR AND BOARD SPECIFIC INSTRUCTIONS ON HOW THE FUNDS ARE TO BE USED. |
| PART X, LINE 2: | THERE ARE CERTAIN TRANSACTIONS THAT COULD BE DEEMED UNRELATED BUSINESS INCOME AND WOULD RESULT IN A TAX LIABILITY. MANAGEMENT REVIEWS TRANSACTIONS TO ESTIMATE POTENTIAL TAX LIABILITIES USING A THRESHOLD OF MORE LIKELY THAN NOT. IT IS MANAGEMENT'S ESTIMATION THAT THERE ARE NO MATERIAL TAX LIABILITIES THAT NEED TO BE RECORDED. |
| PART XI, LINE 2D - OTHER ADJUSTMENTS: | CHANGE IN FAIR VALUE OF TRUSTS, POOLED INCOME FUND, AND GIFT ANNUITIES -218,640. POSTRETIREMENT RELATED CHANGES OTHER THAN NET PERIODIC POSTRETIREMENT COST 14,959,045. SCHOLARSHIPS NETTED AGAINST TUITION ON F/S -35,280,263. INVESTMENT FEES NETTED AGAINST REVENUE ON F/S -821,034. REVENUE OF AFFILIATE CONSOLIDATED ON F/S 291,442. |
| PART XII, LINE 2D - OTHER ADJUSTMENTS: | EXPENSES OF AFFILIATE CONSOLIDATED ON F/S 270,080. |
| PART XII, LINE 4B - OTHER ADJUSTMENTS: | SCHOLARSHIPS NETTED AGAINST TUITION ON F/S 35,280,263. INVESTMENT FEES NETTED AGAINST REVENUE ON F/S 821,034. |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | Yes (1) | NondiscriminatoryPolicyStmtInd |
| Policy Stmt In Brochures Etc | Yes (1) | PolicyStmtInBrochuresEtcInd |
| Plcy Pblczd Via Broadcast Media | Yes (1) | PlcyPblczdViaBroadcastMediaInd |
| Maintain Racial Comp Recs | Yes (1) | MaintainRacialCompRecsInd |
| Maintain Scholarships Recs | Yes (1) | MaintainScholarshipsRecsInd |
| Maintain Cpy Of Brochures Etc | Yes (1) | MaintainCpyOfBrochuresEtcInd |
| Maintain Cpy Of All Sol | Yes (1) | MaintainCpyOfAllSolInd |
| Discriminate Race Stdnts Rghts | 0 | DiscriminateRaceStdntsRghtsInd |
| Discriminate Race Admiss Plcy | 0 | DiscriminateRaceAdmissPlcyInd |
| Discriminate Race Emplm Fculty | 0 | DiscriminateRaceEmplmFcultyInd |
| Discriminate Race Schs | 0 | DiscriminateRaceSchsInd |
| Discriminate Race Educ Plcy | 0 | DiscriminateRaceEducPlcyInd |
| Discriminate Race Use Of Fclts | 0 | DiscriminateRaceUseOfFcltsInd |
| Discriminate Race Athlt Prog | 0 | DiscriminateRaceAthltProgInd |
| Discriminate Race Other Acty | 0 | DiscriminateRaceOtherActyInd |
| Government Financial Aid Rcvd | Yes (1) | GovernmentFinancialAidRcvdInd |
| Government Financial Aid Rvkd | 0 | GovernmentFinancialAidRvkdInd |
| Compliance With Rev Proc7550 | Yes (1) | ComplianceWithRevProc7550Ind |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| SCHEDULE E, PART I, LINE 3 | THE UNIVERSITY HAS PUBLICIZED ITS NON-DISCRIMINATORY POLICY THROUGH RECRUITING MATERIALS SENT TO STUDENTS. THE UNIVERSITY'S AFFIRMATIVE ACTION/EEO POLICY IS AS FOLLOWS: DREW UNIVERSITY IS COMMITTED TO SEEKING ACADEMIC EXCELLENCE WHILE STRIVING CONTINUOUSLY TO BE A WELCOMING, DIVERSE, AND SOCIALLY-JUST CAMPUS. WE ASPIRE TO PROVIDE AN EDUCATION THAT IN CONTENT, SCOPE, AND PEDAGOGY EMBRACES DIFFERENCE AND PROMOTES RESPECT THAT EXTENDS BEYOND THE CLASSROOM TO ALL UNIVERSITY SPACES AND TO LOCAL AND GLOBAL COMMUNITIES. DIVERSITY ENCOMPASSES MULTIPLE DIMENSIONS, INCLUDING, BUT NOT LIMITED TO, RACE, CULTURE, NATIONALITY, ETHINICITY, GEOGRAPHIC ORIGIN, CLASS, SEXUAL ORIENTATION, GENDER, DISABILITIES, AGE, AND RELIGION. |
| LINE 3 CONTINUED: | OUR INTENT IS TO ACHIEVE A LEARNING ENVIRONMENT IN WHICH STUDENTS, FACULTY, AND STAFF UNDERSTAND THE CHALLENGES, ACCOMPLISHMENTS, AND PERSPECTIVES OF VARIOUS GROUPS OF PEOPLE, THUS GAINING A FULLER UNDERSTANDING OF THEMSELVES AS WELL AS HOW TO ENGAGE IN CONVERSATION SPANNING DIFFERENCES AND COMMONALITIES. ACHIEVING THIS VISION IS A FUNDAMENTAL COMMITMENT CRITICAL TO DREW UNIVERSITY'S MISSION AS AN INSTITUTION OF HIGHER LEARNING. |
| LINE 6 - EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE: | THE UNIVERSITY RECEIVED FUNDS FROM THE FEDERAL GOVERNMENT AND STATE OF NEW JERSEY IN THE FORM OF FEDERAL PELL GRANTS, FEDERAL WORK STUDY PROGRAMS, AND FEDERAL DIRECT LOAN PROGRAMS (ALL OF WHICH FALL UNDER STUDENT ASSISTANCE). ADDITIONALLY, THE UNIVERSITY RECEIVED FUNDS FROM VARIOUS RESEARCH AND DEVELOPMENT FUNDS SUCH AS NATIONAL SCIENCE FOUNDATION, NATIONAL AERONAUTICS AND SPACE ADMINISTRATION, AND THE DEPARTMENT OF HEALTH AND HUMAN SCIENCES. |
Schedule F IRS990ScheduleF
Account Activities Outside US AccountActivitiesOutsideUSGrp (5 entries)
| RegionRegionTxt | OfficesOfficesCnt | EmployeeEmployeeCnt | Type Of Activities ConductedTypeOfActivitiesConductedTxt | Region Total ExpendituresRegionTotalExpendituresAmt | Specific Services ProvidedSpecificServicesProvidedTxt |
|---|---|---|---|---|---|
| CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, | 0 | 0 | INVESTMENTS | $18,744,579 | |
| CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, | 0 | 0 | PROGRAM SERVICES | $112,381 | STUDY ABROAD PROGRAM |
| EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, | 0 | 0 | PROGRAM SERVICES | $164,358 | STUDY ABROAD PROGRAM |
| EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM | 0 | 0 | PROGRAM SERVICES | $631,191 | STUDY ABROAD PROGRAM |
| SUB-SAHARAN AFRICA - ANGOLA, BENIN, BOTSWANA, BURKINA FASO, | 0 | 0 | PROGRAM SERVICES | $53,804 | STUDY ABROAD PROGRAM |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Offices | 0 | SubtotalOfficesCnt |
| Subtotal Employees | 0 | SubtotalEmployeesCnt |
| Continuation Total Office | 0 | ContinuationTotalOfficeCnt |
| Continuation Total Employee | 0 | ContinuationTotalEmployeeCnt |
| Total Office | 0 | TotalOfficeCnt |
| Total Employee | 0 | TotalEmployeeCnt |
| Subtotal Spent | $19,706,313 | SubtotalSpentAmt |
| Continuation Spent | $0 | ContinuationSpentAmt |
| Total Spent | $19,706,313 | TotalSpentAmt |
| Transfer To Foreign Corp | Yes (1) | TransferToForeignCorpInd |
| Interest In Foreign Trust | 0 | InterestInForeignTrustInd |
| Foreign Corp Ownership | Yes (1) | ForeignCorpOwnershipInd |
| Passive Foreign Investmest Co | Yes (1) | PassiveForeignInvestmestCoInd |
| Foreign Partnership | Yes (1) | ForeignPartnershipInd |
| Boycott Countries | Yes (1) | BoycottCountriesInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE F, PART IV: | FormAndLineReferenceDesc |
| Explanation | THE UNIVERSITY DID NOT MEET THE REQUIRED THRESHOLDS FOR FILING THE FOLLOWING FORMS: FORM 5471 FORM 8865 FORM 8621 | ExplanationTxt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp (2 entries)
| Grant TypeGrantTypeTxt | RecipientRecipientCnt | Cash GrantCashGrantAmt | Non Cash AssistanceNonCashAssistanceAmt | Valuation Method UsedValuationMethodUsedDesc | Non Cash AssistanceNonCashAssistanceDesc |
|---|---|---|---|---|---|
| SCHOLARSHIPS & FINANCIAL AID | 1673 | $32,259,818 | $0 | N/A | N/A |
| ENDOWED SCHOLARSHIPS | 201 | $3,020,445 | $0 | N/A | N/A |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 2: | FormAndLineReferenceDesc |
| Explanation | DREW UNIVERSITY GRANTED FUNDS TO STUDENTS IN THE FORM OF SCHOLARSHIPS, FELLOWSHIPS, STUDENT LOANS, AS WELL AS OTHER FINANCIAL AID. FINANCIAL AID IS GRANTED TO STUDENTS BASED ON ELIGIBILITY GUIDELINES AS DEFINED BY THE FEDERAL DEPARTMENT OF EDUCATION AS WELL AS THE STATE OF NEW JERSEY. IF A STUDENT IS NOT ELIGIBLE TO RECEIVE FEDERAL OR STATE BASED FINANCIAL AID, THE AID WILL NOT BE APPLIED TO THE STUDENT'S ACCOUNT. IN ADDITION, DREW UNIVERSITY GRANTS FUNDS TO STUDENTS IN THE FORM OF INSTITUTIONAL AID BASED ON MERIT AND NEED CRITERIA. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Housing Allowance Or Residence | Yes (X) | HousingAllowanceOrResidenceInd |
| Written Policy Ref T And E Expnss | Yes (1) | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | Yes (1) | SubstantiationRequiredInd |
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | 0 | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (9 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| MARYANN BAENNINGER | ||||||||||||||
| PRESIDENT (NON-VOTING) | $500,000 | $0 | $250,000 | $0 | $36,775 | $0 | $22,000 | $0 | $50,159 | $0 | $858,934 | $0 | $0 | $0 |
| JOHN VITALI | ||||||||||||||
| VP FINANCE & ADMINISTRATION | $279,125 | $0 | $0 | $0 | $2,808 | $0 | $22,000 | $0 | $14,434 | $0 | $318,367 | $0 | $0 | $0 |
| ROBERT MASSA | ||||||||||||||
| VP ENROLLMENT MAN. | $255,000 | $0 | $0 | $0 | $12,000 | $0 | $20,400 | $0 | $7,469 | $0 | $294,869 | $0 | $0 | $0 |
| DEBRA LIEBOWITZ | ||||||||||||||
| PROVOST | $220,297 | $0 | $0 | $0 | $0 | $0 | $17,432 | $0 | $21,875 | $0 | $259,604 | $0 | $0 | $0 |
| RENEE LISCHIN | ||||||||||||||
| AVP FINANCE AND TREASURER | $178,451 | $0 | $0 | $0 | $1,188 | $0 | $13,464 | $0 | $458 | $0 | $193,561 | $0 | $0 | $0 |
| KIRA POPLOWSKI | ||||||||||||||
| VP COMMUNICATIONS MARKETING | $173,000 | $0 | $0 | $0 | $1,293 | $0 | $7,953 | $0 | $7,584 | $0 | $189,830 | $0 | $0 | $0 |
| ELIZABETH KORNSTEIN | ||||||||||||||
| ASST VP ADVANCEMENT | $155,000 | $0 | $0 | $0 | $816 | $0 | $12,400 | $0 | $417 | $0 | $168,633 | $0 | $0 | $0 |
| MARTI BETH WINER | ||||||||||||||
| CHIEF OF STAFF | $138,750 | $0 | $0 | $0 | $15,891 | $0 | $12,300 | $0 | $5,540 | $0 | $172,481 | $0 | $0 | $0 |
| JAVIER VIERA | ||||||||||||||
| VICE PROVOST & DEAN | $140,232 | $0 | $0 | $0 | $11,188 | $0 | $14,503 | $0 | $61,225 | $0 | $227,148 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 1A | FormAndLineReferenceDesc |
| Explanation | THE UNIVERSITY PROVIDES A RESIDENCE ON CAMPUS WHEN THE DUTIES AND RESPONSIBILITES OF THE EMPLOYEE REQUIRE THEIR SERVICES ON A 24-HOUR BASIS THROUGHOUT THE YEAR. THIS BENEFIT IS PROVIDED ON A NON-TAX BASIS AS A CONDITION OF THEIR EMPLOYMENT IN ORDER FOR THEM TO ACCOMPLISH THEIR REQUIRED AND CONTINUOUS DUTIES AND RESPONSIBILITIES ON CAMPUS. AMOUNTS ARE INCLUDED ON SCHEDULE J, PART II, COLUMN (D), AS APPLICABLE. THIS BENEFIT IS PROVIDED TO THE FOLLOWING INDIVIDUAL: - MARYANN BAENNINGER THE AUTOMOBILE ALLOWANCE FOR THE FOLLOWING EMPLOYEES IS PART OF THEIR COMPENSATION AGREEMENT AND IS REFLECTED IN THEIR TAXABLE INCOME: - MARYANN BAENNINGER - ROBERT MASSA | ExplanationTxt |
Schedule K IRS990ScheduleK
Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp (4 entries)
| Bond ReferenceBondReferenceCd | Bond Issuer EINBondIssuerEIN | CUSIPCUSIPNum | Bond IssuedBondIssuedDt | Issue PriceIssuePriceAmt | PurposePurposeDesc | DefeasedDefeasedInd | On Behalf Of IssuerOnBehalfOfIssuerInd | Pool FinancingPoolFinancingInd |
|---|---|---|---|---|---|---|---|---|
| NJ EDU FAC AUTH 2014B - CIF | ||||||||
| A | 221829511 | 6946066DG | 2014-04-29 | $19,369,367 | SEE PART VI | 0 | 0 | 0 |
| NJ EDU FAC AUTH 2016 SERIES A | ||||||||
| B | 221829511 | 2016-07-26 | $956,444 | SEE PART VI | 0 | 0 | 0 | |
| NJ EDU FAC AUTH 2016B - CIF | ||||||||
| C | 221829511 | 2016-07-01 | $488,834 | SEE PART VI | 0 | 0 | 0 | |
| MORRIS COUNTY IMPROVEMENT AUTHORITY | ||||||||
| D | 226002462 | 61802PAA4 | 2017-12-15 | $83,515,000 | SEE PART VI | 0 | 0 | 0 |
Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp (4 entries)
| Bond ReferenceBondReferenceCd | RetiredRetiredAmt | Total ProceedsTotalProceedsAmt | Capital ExpendituresCapitalExpendituresAmt | Substantial CompletionSubstantialCompletionYr | Refunding Tax Exempt BondsRefundingTaxExemptBondsInd | Refunding Taxable BondsRefundingTaxableBondsInd | Final Allocation MadeFinalAllocationMadeInd | Adequate Books And Rec MaintAdequateBooksAndRecMaintInd | Other Spent ProceedsOtherSpentProceedsAmt | In Reserve FundInReserveFundAmt | Capitalized InterestCapitalizedInterestAmt | Issuance Costs From ProceedsIssuanceCostsFromProceedsAmt | Working Capital ExpendituresWorkingCapitalExpendituresAmt | UnspentUnspentAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| A | $1,926,220 | $3,203,000 | $3,203,000 | 2015 | 0 | Yes (1) | 0 | Yes (1) | ||||||
| B | $278,475 | $482,165 | 2016 | 0 | Yes (1) | 0 | Yes (1) | $482,165 | ||||||
| C | $26,044 | $488,834 | $488,834 | 2018 | 0 | 0 | 0 | Yes (1) | ||||||
| D | $76,191,570 | $3,926,901 | 0 | Yes (1) | 0 | Yes (1) | $52,221,152 | $3,319,515 | $4,139,219 | $1,446,622 | $574,492 | $11,155,098 |
Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp (4 entries)
| Bond ReferenceBondReferenceCd | Owning Bond Financed PropertyOwningBondFinancedPropertyInd | Any Lease ArrangementsAnyLeaseArrangementsInd | Mgmt Contract Bond Fincd PropMgmtContractBondFincdPropInd | Any Research AgreementsAnyResearchAgreementsInd | Private Bus Use By OthersPrivateBusUseByOthersPct | Private Bus Concerning UBIPrivateBusConcerningUBIPct | Total Private Business UseTotalPrivateBusinessUsePct | Bond Iss Meet Prvt Sec Pymt TestBondIssMeetPrvtSecPymtTestInd | Change In Use Bond Financed PropChangeInUseBondFinancedPropInd | Procs Nonqualified Bond RemdtdProcsNonqualifiedBondRemdtdInd |
|---|---|---|---|---|---|---|---|---|---|---|
| A | 0 | 0 | 0 | 0 | 0.00000 | 0.00000 | 0.00000 | 0 | 0 | Yes (1) |
| B | 0 | 0 | 0 | 0 | 0.00000 | 0.00000 | 0.00000 | 0 | 0 | Yes (1) |
| C | 0 | 0 | 0 | 0 | 0.00000 | 0.00000 | 0.00000 | 0 | 0 | Yes (1) |
| D | 0 | 0 | 0 | 0 | 0.00000 | 0.00000 | 0.00000 | 0 | 0 | Yes (1) |
Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp (4 entries)
| Bond ReferenceBondReferenceCd | Form8038 T FiledForm8038TFiledInd | Rebate Not Due YetRebateNotDueYetInd | Exception To RebateExceptionToRebateInd | No Rebate DueNoRebateDueInd | Variable Rate IssueVariableRateIssueInd | Hedge Identified In Bks And RecHedgeIdentifiedInBksAndRecInd | Gross Proceeds Invested In GICGrossProceedsInvestedInGICInd | Gross Proceeds InvestedGrossProceedsInvestedInd | Written Proc To Monitor ReqsWrittenProcToMonitorReqsInd |
|---|---|---|---|---|---|---|---|---|---|
| A | 0 | Yes (1) | 0 | 0 | 0 | 0 | 0 | 0 | Yes (1) |
| B | 0 | Yes (1) | 0 | 0 | 0 | 0 | 0 | 0 | Yes (1) |
| C | 0 | Yes (1) | 0 | 0 | 0 | 0 | 0 | 0 | Yes (1) |
| D | 0 | Yes (1) | 0 | 0 | 0 | 0 | 0 | 0 | Yes (1) |
Procedures Corrective Action ProceduresCorrectiveActionGrp (4 entries)
| Bond ReferenceBondReferenceCd | Procedures Corrective ActionProceduresCorrectiveActionInd |
|---|---|
| A | Yes (1) |
| B | Yes (1) |
| C | Yes (1) |
| D | Yes (1) |
Supplemental Information Detail SupplementalInformationDetail (4 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| SCHEDULE K, PART I, BOND ISSUES: | BOND A: (A) ISSUER NAME: NJ EDUCATION FACILITIES AUTHORITY 2014B - CIF (F) DESCRIPTION OF PURPOSE: ADVANCE REFUNDING AND NEW MONEY BOND B: (A) ISSUER NAME: NJ EDUCATION FACILITIES AUTHORITY 2016 SERIES A (F) DESCRIPTION OF PURPOSE: ADVANCE REFUNDING AND NEW MONEY BOND C: (A) ISSUER NAME: NJ EDUCATION FACILITIES AUTHORITY 2016 SERIES B (F) DESCRIPTION OF PURPOSE: CAPITAL IMPROVEMENTS BOND D: (A) ISSUER NAME: MORRIS COUNTY IMPROVEMENT AUTHORITY (F) DESCRIPTION OF PURPOSE: REFUND CERTAIN EXISTING NEW JERSEY EDUCATION FACILITIES AUTHORITY REVENUE BONDS, DREW UNIVERSITY ISSUE 2003 SERIES C, 2007 SERIES D, 2008 SERIES I AND 2010 SERIES C, TO REFINANCE A BANK LOAN FROM TD BANK, N.A., TO FINANCE CERTAIN CAPITAL IMPROVEMENTS RELATED TO ITS CAMPUS FACILITIES LOCATED IN MADISON, NJ, FUND A DEBT SERVICE RESERVE FUND, FUND CAPITALIZED INTEREST ON A PORTION OF THE SERIES 2017 BONDS, AND PAY CERTAIN COSTS RELATED TO THE ISSUANCE OF THE SERIES 2017 BONDS. |
| SCHEDULE K, PART I, COLUMN I: | POOLED FINANCING ISSUE: IN APRIL 2014, NEW JERSEY EDUCATIONAL FACILITIES AUTHORITY ISSUED "REVENUE BONDS, HIGHER ED. CAPITAL IMPROVEMENT FUND ISSUE, SERIES 2014 B" THE ISSUE PRICE WAS $19,369,367 AND DREW UNIVERSITY'S PORTION OF THE ISSUE WAS $3,203,000. |
| SCHEDULE K, PART II, LINE 3: | ISSUER NAME: MORRIS COUNTY IMPROVEMENTS AUTHORITY: THE DIFFERENCE BETWEEN TOTAL PROCEEDS LISTED IN PART II, LINE 3 AND THE ISSUE PRICE LISTED IN PART I, ITEM E IS DUE TO THE ORIGINAL ISSUE DISCOUNT OF $7,323,430. |
| SCHEDULE K, PART II, LINE 16: | FINAL ALLOCATION HAS NOT BEEN MADE FOR THE FOLLOWING: - NJ EDUCATION FACILITIES AUTHORITY 2014B - CIF - NJ EDUCATION FACILITIES AUTHORITY 2016 SERIES A - NJ EDUCATION FACILITIES AUTHORITY 2016B - CIF - MORRIS COUNTY IMPROVEMENT AUTHORITY |
Schedule L IRS990ScheduleL
Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp
Name Of Interested NameOfInterested
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | MEREDIT HOXIE SCHOL | PersonNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Relationship Description | SEE PART V | RelationshipDescriptionTxt |
| Transaction | $40,000 | TransactionAmt |
| Transaction | SEE PART V | TransactionDesc |
| Sharing Of Revenues | 0 | SharingOfRevenuesInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE L, PART IV: | FormAndLineReferenceDesc |
| Explanation | (A) NAME OF INTERESTED PERSON: MEREDITH HOXIE SCHOL(B) RELATIONSHIP BETWEEN INTERESTED PERSON AND THE ORGANIZATION: MEREDITH HOXIE SCHOL IS AN EMPLOYEE OF DREW UNIVERSITY AND THE WIFE OF BISHOP JOHN SCHOL, A TRUSTEE ON THE BOARD.(D) DESCRIPTION OF TRANSACTION: THE AMOUNT OF THE TRANSACTION IS THE COMPENSATION PAID BY THE UNIVERSITY FOR EMPLOYMENT. | ExplanationTxt |
Schedule M IRS990ScheduleM
Securities Publicly Traded SecuritiesPubliclyTradedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 16 | ContributionCnt |
| Noncash Contributions Rpt F990 | $413,779 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | FMV | MethodOfDeterminingRevenuesTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeldInd |
| Review Process Unusual NC Gifts | Yes (1) | ReviewProcessUnusualNCGiftsInd |
| Third Parties Used | 0 | ThirdPartiesUsedInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, COLUMN (B): | FormAndLineReferenceDesc |
| Explanation | THE NUMBER IN COLUMN B REPRESENTS THE TOTAL NUMBER OF CONTRIBUTORS. | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (7 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART III, LINE 1 | DREW IS LOCATED ON A BEAUTIFUL, WOODED, 186-ACRE CAMPUS IN MADISON, NEW JERSEY, A THRIVING SMALL TOWN CLOSE TO NEW YORK CITY. IT HAS A TOTAL ENROLLMENT OF MORE THAN 2,000 STUDENTS AND HAS 150 FULL-TIME FACULTY MEMBERS, 99% OF WHOM HOLD THE TERMINAL DEGREE IN THEIR FIELD. THE THEOLOGICAL AND CASPERSEN SCHOOLS OFFER MA AND PHD DEGREES AND THE COLLEGE CONFERS BA AND BS DEGREES IN MORE THAN 30 DISCIPLINES. DREW'S NEW, ONE-OF-A-KIND, LEADING EDGE PATH TO AN UNDERGRADUATE DEGREE, LAUNCH, SYNCS CAREER DEVELOPMENT WITH RIGOROUS ACADEMICS AND POWERFUL COMMUNITY AND WILL ROLL OUT IN FALL 2019. PARTICULARLY NOTEWORTHY OPPORTUNITIES FOR UNDERGRADUATES INCLUDE THE CHARLES A. DANA RESEARCH INSTITUTE FOR SCIENTISTS EMERITI (RISE), HOME OF 2015 NOBEL PRIZE WINNER FOR MEDICINE AND DREW FELLOW WILLIAM CAMPBELL, THE DREW SUMMER SCIENCE INSTITUTE (DSSI), THE CENTER FOR CIVIC ENGAGEMENT, AS WELL AS NEW YORK CITY SEMESTERS FOCUSING ON WALL STREET, THE UNITED NATIONS, CONTEMPORARY ART, THEATRE, SOCIAL ENTREPRENEURSHIP AND COMMUNICATIONS AND MEDIA IN NEW YORK CITY AND SEVERAL INTERNATIONAL SEMESTER PROGRAMS. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE FORM 990 IS REVIEWED BY THE AUDIT COMMITTEE BEFORE IT IS FINALIZED AND PROVIDED TO ALL THE MEMBEERS OF THE BOARD OF TRUSTEES. ALL MEMBERS OF THE BOARD OF TRUSTEES ARE PROVIDED WITH A COPY OF THE FORM 990 VIA THE TRUSTEE WEBSITE PRIOR TO ITS FILING WITH THE IRS. |
| FORM 990, PART VI, SECTION B, LINE 12C | ALL DECISIONS OF THE BOARD OF TRUSTEES, OFFICERS, AND EMPLOYEES OF DREW UNIVERSITY ARE TO BE MADE SOLELY ON THE BASIS OF A DESIRE TO PROMOTE THE BEST INTERESTS OF THE UNIVERSITY. IT IS, THEREFORE, THE POLICY OF THE BOARD AND THE UNIVERSITY THAT: (1) ALL ACTIVITIES OR BEHAVIOR WHICH CONFLICT WITH THE BEST INTERESTS OF THE UNIVERSITY ARE PROHIBITED. THIS COULD INCLUDE BUT WOULD NOT BE LIMITED TO (A) USE OF UNIVERSITY RESOURCES - FOR A UNIVERSITY TRUSTEE, OFFICER, OR EMPLOYEE TO MAKE IMPROPER USE OF ANY UNIVERSITY RESOURCES, INCLUDING THE SERVICES OF UNIVERSITY EMPLOYEES, FOR HIS OR HER OWN PERSONAL BENEFIT, (B) COMPLIANCE WITH RULES - FOR A UNIVERSITY TRUSTEE, OFFICER, OR EMPLOYEE TO FAIL TO COMPLY WITH THE UNIVERSITY'S DULY ESTABLISHED RULES, REGULATIONS, OR STANDARDS OF PERSONAL BEHAVIOR (C) DISCLOSURE OF CONFIDENTIAL INFORMATION - FOR A UNIVERSITY TRUSTEE, OFFICER, OR EMPLOYEE, WITHOUT PROPER AUTHORITY, TO GIVE OR RELEASE TO ANYONE NOT AUTHORIZED TO RECEIVE SUCH INFORMATION, ANY DATA OF A CONFIDENTIAL NATURE SECURED THROUGH HIS OR HER RELATIONSHIP TO THE UNIVERSITY (D) ACCEPTANCE OF GIFTS - FOR A UNIVERSITY TRUSTEE, OFFICER OR EMPLOYEE, OR ANY DEPENDENT MEMBER OF HIS OR HER IMMEDIATE FAMILY TO ACCEPT FROM ANY ORGANIZATION OR PERSON THAT THEY KNOW TO BE DOING OR SEEKING TO DO BUSINESS WITH THE UNIVERSITY, A LOAN OR A GIFT OR FAVOR OF MORE THAN NOMINAL VALUE. THIS PARAGRAPH SHALL NOT BE DEEMED TO PROHIBIT LOANS MADE IN THE NORMAL COURSE OF BUSINESS WITH THE TERMS STANDARD FOR SUCH LOANS FROM BANKS OR FINANCIAL INSTITUTIONS THAT MAY HAVE OR EXPECT TO HAVE RELATIONS WITH THE UNIVERSITY (E) COMPETITION WITH THE UNIVERSITY - FOR A UNIVERSITY TRUSTEE OR OFFICER, DIRECTLY OR THROUGH A CORPORATION IN WHICH HE OR SHE HAS A SUBSTANTIAL INTEREST, TO ENGAGE IN, FOR REMUNERATION, ANY OTHER ACTIVITY WHICH IS IN DIRECT COMPETITION WITH THE UNIVERSITY, EXCEPT WITH THE KNOWLEDGE AND WRITTEN CONSENT OF THE PRESIDENT OR THE PRESIDENT'S DESIGNEE. IF THE ACTIVITY IS THAT OF THE PRESIDENT, SUCH CONSENT MUST BE GIVEN BY THE CHAIR OF THE BOARD. (2) INVOLVING THE UNIVERSITY AND A MEMBER OF THE BOARD OR ANY OFFICER OF THE UNIVERSITY (OR A MEMBER OF HIS OR HER IMMEDIATE FAMILY), OR AN ORGANIZATION WITH WHICH A MEMBER OF THE BOARD OR ANY OFFICER OF THE UNIVERSITY IS "AFFILIATED," SUCH TRUSTEE OR OFFICER, AS SOON AS HE OR SHE HAS KNOWLEDGE OF THE TRANSACTION, SHALL (A) DISCLOSE FULLY THE PRECISE NATURE OF HIS OR HER INTEREST OR INVOLVEMENT IN SUCH TRANSACTION AND/OR SUCH ORGANIZATION, AND (B) REFRAIN FROM PARTICIPATION IN THE UNIVERSITY'S CONSIDERATION OF THE PROPOSED TRANSACTION FOR THE PURPOSES OF THIS CONFLICT OF INTEREST POLICY, A TRUSTEE OR OFFICER IS "AFFILIATED" WITH ANY ORGANIZATION OF WHICH HE OR SHE (OR A MEMBER OF HIS OR HER IMMEDIATE FAMILY) IS AN EMPLOYEE, GENERAL PARTNER, MEMBER OF THE BOARD OF DIRECTORS, TRUSTEE, OR IN WHICH HE OR SHE (OR A MEMBER OF HIS OR HER IMMEDIATE FAMILY) OWNS 10% OR MORE OF THE OUTSTANDING STOCK. (3) THAT THE FOLLOWING PERSONS DISCLOSE TO THE UNIVERSITY ON A CONTINUING BASIS ALL THEIR RELATIONSHIPS AND BUSINESS AFFILIATIONS THAT REASONABLY COULD GIVE RISE TO A CONFLICT OF INTEREST, OR THE APPEARANCE OF A CONFLICT OF INTEREST, INVOLVING THE UNIVERSITY - THE TRUSTEES (INCLUDING THE PRESIDENT), THE VICE PRESIDENTS OF THE UNIVERSITY, THE DEANS, AND SUCH OTHER OFFICERS AS THE PRESIDENT SHALL DESIGNATE AS BEING OFFICERS FROM WHOM, BECAUSE OF THEIR RESPECTIVE DUTIES AND RESPONSIBILITIES, THE UNIVERSITY SHOULD RECEIVE A CONTINUING DISCLOSURE OF SUCH OUTSIDE RELATIONSHIPS AND BUSINESS AFFILIATIONS. ALL DISCLOSURES REQUIRED TO BE MADE HEREUNDER MUST BE DIRECTED IN WRITING TO THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES WHICH SHALL HAVE, WITH THE ASSISTANCE OF THE VICE PRESIDENT OF FINANCE AND ADMINISTRATION, THE RESPONSIBILITY FOR MONITORING OF THIS POLICY, INCLUDING THE ADMINISTRATION AND ENFORCEMENT THEREOF. THE EXECUTIVE COMMITTEE SHALL BE ADVISED IMMEDIATELY OF ANY DISPUTES OR OTHER ISSUES ARISING OUT OF THE APPLICATION OF THIS POLICY SO THAT IT CAN DETERMINE WHAT, IF ANY, ACTION IS APPROPRIATE. ADDITIONALLY ALL MEMBERS OF THE BOARD OF TRUSTEES, OFFICERS, AND KEY EMPLOYEES ARE REQUIRED TO COMPLETE A CONFLICT OF INTEREST DISCLOSURE STATEMENT ON AN ANNUAL BASIS. |
| FORM 990, PART VI, SECTION B, LINE 15 | COMPENSATION FOR THE PRESIDENT, OTHER OFFICERS, AND KEY EMPLOYEES IS DETERMINED BY THE DREW BOARD OF TRUSTEES ON THE RECOMMENDATION OF THE BOARD'S EXECUTIVE COMPENSATION COMMITTEE. NO INDIVIDUALS WITH A CONFLICT OF INTEREST MAY BE INVOLVED IN THE COMPENSATION DETERMINATION PROCESS. COMPARABILITY DATA FOR SIMILARLY QUALIFIED PERSONS IN FUNCTIONALLY COMPARABLE POSITIONS AT SIMILAR ORGANIZATIONS IS PREPARED BY THE ORGANIZATION AND REVIEWED BY THE BOARD'S EXECUTIVE COMPENSATION COMMITTEE. THE MINUTES OF THE BOARD OF TRUSTEES AND ITS EXECUTIVE COMPENSATION COMMITTEE DOCUMENT THE BOARD'S AND COMMITTEE'S DELIBERATIONS AND DECISIONS REGARDING COMPENSATION. COMPENSATION REVIEWS TAKE PLACE IN MAY OF EACH YEAR. THE BENCHMARK DATA IS DERIVED FROM A CUSTOM REPORT OF ABOUT 68 INSTITUTIONS THAT ARE SIMILAR TO DREW IN SIZE, SCOPE, AND OPERATING BUDGET. MEAN AND MEDIAN SALARIES FOR POSITIONS THAT ARE COMPARABLE TO DREW'S ADMINISTRATIVE OFFICERS ARE DERIVED FROM THE DATA PROVIDED BY CUPA AND USED TO DETERMINE THE BENCHMARK. THE BENCHMARK IS USED BY THE COMMITTEE TO DETERMINE THE APPROPRIATENESS OF CURRENT SALARIES, SALARY INCREASES, AND SALARIES OF NEW EXECUTIVE HIRES. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE UNIVERSITY MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. |
| FORM 990, PART XI, LINE 9: | CHANGE IN FAIR VALUE OF TRUSTS, POOLED INCOME FUND, AND GIFT ANNUITIES -218,640. POSTRETIREMENT RELATED CHANGES OTHER THAN NET PERIODIC POSTRETIREMENT COST 14,959,045. CHANGE IN INVESTMENT IN COPPER BEACH 298,732. |
| AMENDED 990 | THE 2018 990 IS AMENDED AS FOLLOWS: PART IX LINES 5 AND 7 WERE AMENDED TO ADJUST THE AMOUNT OF OFFICER COMPENSATION REPORTED FOR THE FISCAL YEAR. ADDITIONAL SALARIES WERE ERRONEOUSLY INCLUDED IN THE OFFICER COMPENSATION ON LINE 5 WITH THE ORIGINAL FILING OF THE 990. |
Schedule R IRS990ScheduleR
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp
Disregarded Entity Name DisregardedEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | UNIVERSITY HOUSING PROJECT CORPORATION | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 36 MADISON AVE | AddressLine1Txt |
| City | MADISON | CityNm |
| State Abbreviation | NJ | StateAbbreviationCd |
| ZIP | 07940 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 222970182 | EIN |
| Primary Activities | DEVELOPING HOUSING | PrimaryActivitiesTxt |
| Legal Domicile State | NJ | LegalDomicileStateCd |
| Exempt Code Section | 501(C)(3) | ExemptCodeSectionTxt |
| Public Charity Status | LINE 12A, I | PublicCharityStatusTxt |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | DREW UNIVERSITY | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Controlled Organization | Yes (1) | ControlledOrganizationInd |
Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt | Entity TypeEntityTypeTxt | OwnershipOwnershipPct | Controlled OrganizationControlledOrganizationInd |
|---|---|---|---|---|---|---|---|---|---|---|
| COPPER BEECH CONDOMINIUM ASSOCIATION | ||||||||||
| 36 MADISON AVE | MADISON | NJ | 07940 | 223094649 | REAL ESTATE | NJ | UNIVERSITY HOUSING PROJECT | C | 0.54150 | Yes (1) |
| CHARITABLE REMAINDER TRUSTS (2) | ||||||||||
| TRUSTS | NJ | 0 | ||||||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | Yes (1) | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | 0 | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | 0 | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | Yes (1) | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | 0 | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | 0 | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | 0 | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | 0 | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | 0 | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | 0 | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | 0 | SharingOfFacilitiesInd |
| Paid Employees Sharing | 0 | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | Yes (1) | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | 0 | TransferToOtherOrgInd |
| Transfer From Other Org | 0 | TransferFromOtherOrgInd |
Transactions Related Org TransactionsRelatedOrgGrp (2 entries)
| Transaction TypeTransactionTypeTxt | InvolvedInvolvedAmt | Method Of Amount DeterminationMethodOfAmountDeterminationTxt |
|---|---|---|
| UNIVERSITY HOUSING PROJECT CORPORATION | ||
| Q | $117,128 | COST |
| UNIVERSITY HOUSING PROJECT CORPORATION | ||
| A | $201,997 | |