2020-07-15T14:50:03-05:00 2019-06-30 990 2018-07-01 231352000 THE ACADEMY OF NATURAL SCIENCES OF PHILADELPHIA ACAD 2152991000 1900 BENJAMIN FRANKLIN PARKWAY PHILADELPHIA PA 191031101 LISA MILLER VP, CFO/COO 2152991000 2020-07-13 144.118.76.218 2020-07-13 10:55:54 US P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 4754D9D176192595AE2A5FCC962F9F4630821E4D 2018 2021-01-29 14:40:06Z THE ACADEMY OF NATURAL SCIENCES OF DREXEL UNIVERSITY LISA MILLER 1900 BENJAMIN FRANKLIN PARKWAY PHILADELPHIA PA 191031101 26910093 0 X WWW.ANSP.ORG X 1812 PA UNDERSTAND THE NATURAL WORLD AND INSPIRE EVERYONE TO CARE FOR IT. 26 22 263 172 -200737 -202612 8221368 6903824 10293502 5791642 4679677 2569916 579928 296160 23774475 15561542 4702394 65299 0 0 9847042 11616055 0 0 901303 8717787 9467827 23267223 21149181 507252 -5587639 106513904 94884997 21052293 13159423 85461611 81725574 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 7081033 58825 3049954 RESEARCH - ACADEMY SCIENTISTS CONDUCT RESEARCH AROUND THE WORLD, COLLECTING SPECIMENS THAT HELP THEM DOCUMENT BIODIVERSITY, TRACE EVOLUTION, AND TRACK ENVIRONMENTAL CHANGES OVER TIME. 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. 7123761 1474 2726832 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 2019, WE WELCOMED MORE THAN 200,000 VISITORS TO EXPLORE OUR DIORAMAS, DINOSAURS, BUTTERFLIES, LIVE ANIMALS, AND THE CHILDREN'S NATURE DISCOVERY CENTER, OUTSIDE IN. IN FISCAL YEAR 2019, ACADEMY EDUCATORS REACHED MORE THAN 28,000 STUDENTS DURING OUTREACHES AND FIELD TRIPS. 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 AWARD RECOGNIZES THE "OUTSTANDING EFFORTS OF OUR MENTORS IN ENCOURAGING THE NEXT GENERATION OF INNOVATORS AND DEVELOPING A SCIENCE AND ENGINEERING WORKFORCE THAT REFLECTS THE DIVERSE TALENT OF AMERICA". THE WINS PROGRAM ALSO RECEIVED A GRANT FROM THE NATIONAL SCIENCE FOUNDATION TO INTRODUCE OUR STUDENTS TO ENGINEERING CONCEPTS AND TRAIN ENGINEERING MENTORS IN IMPLICIT-BIAS AND STEREOTYPE BARRIERS THAT PREVENT WOMEN OF COLOR FROM PARTICIPATING AND SUCCEEDING IN ENGINEERING FIELDS.THE ACADEMY CONTINUES TO LAUNCH SEVERAL EXCITING NEW INITIATIVES AIMED AT TAKING OUR VISITOR EXPERIENCE TO THE NEXT LEVEL. IN ADDITION TO A CUSTOMER-SERVICE CENTRIC TRAINING PLAN FOR ALL STAFF AND VOLUNTEERS, WE ANALYZE GUEST FEEDBACK TO MAKE DATA-DRIVEN DECISIONS FOR PROGRAMMING AND EXHIBITS. WE EXCITE AND EDUCATE OUR GUESTS WITH CARTS OF CURIOSITY, WHICH OFFER UP CLOSE ENCOUNTERS WITH THE ACADEMY STAFF THROUGH AN EFFECTIVE USE OF TECHNOLOGY, SHOWS FEATURING LIVE ANIMAL AMBASSADORS AND STORY-TIMES, AND A HOST OF NEW, HANDS-ON ACTIVITY STATIONS WHICH PROMOTE GUIDED DISCOVERY AS WELL AS INDEPENDENT INQUIRY. WE ARE PARTICULARLY PROUD OF THE STRIDES WE HAVE MADE IN TERMS OF ACCESSIBILITY, OFFERING MONTHLY PAY-WHAT-YOU-WISH EVENING HOURS AS WELL AS FREQUENT FREE EVENTS FOR INDIVIDUALS WITH SENSORY PROCESSING DISORDERS. 1209418 5000 14856 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 2019 WE INITIATED A $3 MILLION RENOVATION PROJECT TO UPGRADE THE LIBRARY AND ARCHIVES FACILITY AND A NEW PUBLIC GALLERY SPACE. 15414212 1 1 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 1 1 0 0 0 0 0 0 0 0 1 1 0 0 0 1 0 0 0 1 X 50 0 1 263 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 26 22 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 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 TARA ACHARYA PHD MPH BOARD TRUSTEE 2.00 0.00 X 0 0 0 PETER AUSTEN CHAIR 2.00 2.00 X 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 M BRIAN BLAKE PHD BOARD TRUSTEE 2.00 40.00 X 0 584688 92741 HELEN Y BOWMAN BOARD TRUSTEE (DEP. 9/18) 2.00 45.00 X 0 620853 92741 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 SCOTT COOPER PHD PRESIDENT AND CEO 40.00 0.00 X X 406911 0 26826 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 JOHN A FRY BOARD TRUSTEE 2.00 45.00 X 0 2024282 406999 DAVID GRIFFITH BOARD TRUSTEE 2.00 0.00 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 SECRETARY 2.00 0.00 X 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 VAN R REINER BOARD TRUSTEE (DEC. 6/19) 2.00 0.00 X 0 0 0 GERALD B RORER BOARD TRUSTEE 2.00 0.00 X 0 0 0 DAVID RUSENKO BOARD TRUSTEE (AS OF 9/18) 2.00 42.00 X 0 240034 34376 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 BOARD TRUSTEE 2.00 0.00 X 0 0 0 KENNETH J WARREN BOARD TRUSTEE 2.00 0.00 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 2.00 0.00 X 0 0 0 MINTURN T WRIGHT III BOARD TRUSTEE - EMERITUS 2.00 0.00 X 0 0 0 LISA M MILLER VP, CFO/COO 40.00 0.00 X 231312 0 25940 DAVID VELINSKY VP, CENTER FOR ACADEMY SCI 2.00 40.00 X 0 185531 35056 JANE TAYLOR VP, MARKETING, SALES & COM 40.00 0.00 X 150361 0 16993 JACQUELINE GENOVESI VP, EDUCATION 40.00 0.00 X 131879 0 12686 CAROL COLLIER SENIOR ADVISER, WATERSHED 40.00 0.00 X 93017 14933 0 MONICA CAWVEY GALLAGHER VP, INST. ADVANCEMENT (DEP. 8/18) 40.00 0.00 X 118366 0 15040 1131846 3670321 759398 6 0 1 0 CLEAN TECH SERVICES INC 114 CHESTNUT ST 5TH FL PHILADELPHIA PA 19106 CLEANING SERVICES 310929 CAPACITY INTERACTIVE CONSULTING LLC 1239 BROADWAY SUITE 1103 NEW YORK NY 10001 MEDIA CONSULTANT 240500 IMAGINE EXHIBITIONS INC 2870 PEACHTREE RD NW STE 418 ATLANTA GA 30305 EXHIBIT SERVICES 220000 LIMBACH COMPANY LLC 175 TITUS AVE SUITE 100 WARRINGTON PA 18976 MECHANICAL SERVICES 211241 JORDAN MOTZKIN DBA PITCHWORKS LLC 75 CARLEON AVE LARCHMONT NY 10538 CONSULTING SERVICES 199997 11 12350 644354 4152086 75916 2019118 193539 6903824 ENVIRONMENTAL RESEARCH 541700 2194042 2194042 MUSEUM ADMISSIONS 900099 1441275 1441275 EDUCATION & MUSEUM PRO 611600 1285557 1285557 SYSTEMATIC BIOLOGY RE 541700 855912 855912 LIBRARY 519100 14856 14856 5791642 1612467 1612467 71586 71586 12306000 11345676 2875 960324 -2875 957449 957449 HEALTH INSURANCE ADJUSTMENT 900099 271587 271587 FACILITY SALES 900099 153724 153724 INCOME (LOSS) FROM PARTNERSHIP IN 900099 -200737 -200737 224574 15561542 5791642 -200737 3066813 52432 52432 12867 12867 843223 749676 93547 6654547 5866167 580641 207739 2504781 1959711 444419 100651 1074831 854181 179724 40926 538673 421451 95576 21646 85000 85000 240061 240061 746428 264613 454281 27534 294410 294410 1068398 849515 167051 51832 147499 125091 18137 4271 2078 2078 1967053 1871260 73541 22252 197410 178202 15861 3347 132374 120022 12352 2557177 682733 1608903 265541 1130666 1075604 42272 12790 EXHIBITION EXPENSE 413289 413289 PROFESSIONAL MEMBERSHIP 59289 30820 26841 1628 HOSPITALITY 57472 14008 3363 40101 BAD DEBT EXPENSE 47440 28029 19411 321783 297729 16556 7498 21149181 15414212 4833666 901303 4550 4550 8142824 2253164 7585670 2504737 213678 364939 259864 365160 27912273 9978543 18967647 17933730 45204746 41622567 26134925 29836150 106513904 94884997 4870607 1598881 23085 1535181 16158601 10025361 21052293 13159423 X 5121962 2572181 14723811 14024151 65615838 65129242 85461611 81725574 106513904 94884997 -5587639 1544519 307083 0 X X 0 1 X 1 1 1 X 14581748 13621452 10349866 8221368 6903824 53678258 5043253 5596780 6451950 10394300 5945366 33431649 19625001 19218232 16801816 18615668 12849190 87109907 8299682 1958711 1840017 3345769 455927 15900106 1663603 1284382 1344004 111960 364149 4768098 9963285 3243093 3184021 3457729 820076 20668204 66441703 1460034 1023646 1557908 1404993 1684053 7130634 1460034 1023646 1557908 1404993 1684053 7130634 106381 55320 161701 1354662 435571 331039 489539 271587 2882398 22439697 20783830 18746083 20510200 14804830 97284640 0.68300 0.64150 0.07330 0.13130 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X 0 62198000 7000 2718000 3043000 61880000 59741000 240000 4561000 2344000 62198000 55032000 715000 6993000 2999000 59741000 56380000 3065000 -1426000 2987000 55032000 53611000 5659000 -133000 2757000 56380000 0.02420 0.90150 0.07430 1 0 22472730 5381311 17091419 5349201 4557501 791700 90342 39731 50611 17933730 INVESTMENT AT NAV (PRIVATE EQUITY, REAL ESTATE, HEDGE FUNDS AND OTHER) 29836150 F 29836150 DEPOSITS 248821 POST RETIREMENT AND PENSION BENEFIT 9716727 DUE TO DREXEL UNIVERSITY 59813 10025361 X 16367300 1544519 1544519 14822781 470049 268712 738761 15561542 20103337 0 20103337 470049 575795 1045844 21149181 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, 2019 AND 2018. PART XI, LINE 4B - OTHER ADJUSTMENTS: RECLASS HEALTH INSURANCE RECOVERY TO REVENUE RECLASS LOSS ON DISPOSAL OF ASSET PART XII, LINE 4B - OTHER ADJUSTMENTS: RECLASS HEALTH INSURANCE RECOVERY TO REVENUE PRIOR PERIOD ADJUSTMENT - GRANT EXPENSE RECLASS LOSS ON DISPOSAL OF ASSET 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 16313 SOUTH AMERICA 0 0 PROGRAM SERVICES RESEARCH/COLLECTING 1950 EUROPE - INCLUDING ICELAND AND GREENLAND 0 0 PROGRAM SERVICES RESEARCH/COLLECTING 5892 NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES 0 0 PROGRAM SERVICES RESEARCH/COLLECTING 9847 CENTRAL AMERICA AND THE CARIBBEAN 0 0 PROGRAM SERVICES RESEARCH/COLLECTING 47 MIDDLE EAST AND NORTH AFRICA 0 0 PROGRAM SERVICES RESEARCH/COLLECTING 860 0 0 0 0 0 0 34909 0 34909 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. 1 ASPIRA COMMUNITY ENTERPRISES INC 4322 N 5TH ST PHILADELPHIA PA 19140 412249719 501(C)(3) 19833 RESEARCH CONGRESO DE LATINOS UNIDOS INC 216 WEST SOMERSET ST PHILADELPHIA PA 19133 232051143 501(C)(3) 15833 RESEARCH PRINCETON HYDRO LLC 1108 YORK RD RINGOES NJ 08551 223590229 16766 RESEARCH 2 1 SCHOLARSHIP 1 1800 AWARD 7 11067 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 M BRIAN BLAKE PHD BOARD TRUSTEE 0 566799 0 0 0 17889 0 74750 0 17991 0 677429 0 0 HELEN Y BOWMAN BOARD TRUSTEE (DEP. 9/18) 0 619359 0 0 0 1494 0 74750 0 17991 0 713594 0 0 SCOTT COOPER PHD PRESIDENT AND CEO 381909 0 0 0 25002 0 15308 0 11518 0 433737 0 0 0 JOHN A FRY BOARD TRUSTEE 0 791991 0 225000 0 1007291 0 391520 0 15479 0 2431281 0 600000 DAVID RUSENKO BOARD TRUSTEE (AS OF 9/18) 0 240034 0 0 0 0 0 26620 0 7756 0 274410 0 0 LISA M MILLER VP, CFO/COO 179818 0 50000 0 1494 0 25300 0 640 0 257252 0 0 0 DAVID VELINSKY VP, CENTER FOR ACADEMY SCI 0 185531 0 0 0 0 0 17360 0 17696 0 220587 0 0 JANE TAYLOR VP, MARKETING, SALES & COM 150361 0 0 0 0 0 16500 0 493 0 167354 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, HELEN BOWMAN, AND BRIAN BLAKE WITH DEFERRED COMPENSATION ARRANGEMENTS. THE UNIVERSITY WILL CREDIT MR. FRY WITH $300,000 ON JUNE 30, 2019, AND ON EACH FOLLOWING JUNE 30 THROUGH 2023 WHILE HE REMAINS EMPLOYED BY THE UNIVERSITY AS PRESIDENT AND CHIEF EXECUTIVE OFFICER. THE AMOUNT CREDITED ON JUNE 30, 2023 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, 2023, OR THE UNIVERSITY TERMINATES MR. FRY'S EMPLOYMENT FOR CAUSE, THE DEFERRED COMPENSATION SHALL BE FORFEITED. THE UNIVERSITY PAID JOHN FRY DEFERRED COMPENSATION OF $619,824.91 ON JUNE 30, 2018, PER A DEFERRED COMPENSATION AGREEMENT THAT BEGAN ON JULY 1, 2015. MR. FRY HAD BEEN CREDITED $200,000 ON JUNE 30, 2016, AND ON EACH FOLLOWING JUNE 30 THROUGH 2018. IN ADDITION, THE DEFERRED COMPENSATION WAS CREDITED WITH EARNINGS BASED ON INVESTMENT OPTIONS SELECTED BY MR. FRY. MR. FRY BECAME FULLY VESTED IN THE DEFERRED COMPENSATION ON JUNE 30, 2018, WHEN THE JULY 1, 2015 AGREEMENT WAS REPLACED WITH A SUBSEQUENT AGREEMENT. THE UNIVERSITY WILL CREDIT MS. BOWMAN WITH $50,000 ON EACH SEPTEMBER 1, BEGINNING WITH SEPTEMBER 1, 2016 AND ENDING SEPTEMBER 1, 2020. INTEREST ACCRUED WILL ALSO BE PAID IF SHE REMAINS EMPLOYED WITH THE UNIVERSITY. MS. BOWMAN WILL BECOME FULLY VESTED IN THE BALANCE OF HER ACCOUNT UPON THE EARLIEST OF THE FOLLOWING: (I) SEPTEMBER 1, 2020, (II) HER INVOLUNTARY TERMINATION BY THE UNIVERSITY FOR ANY REASON OTHER THAN CAUSE, (III) DEATH, OR (IV) TERMINATION DUE TO TOTAL AND PERMANENT DISABILITY. IF MS. BOWMAN RESIGNS OR IS TERMINATED BY THE UNIVERSITY FOR CAUSE BEFORE THE ACCOUNT IS VESTED, THE ENTIRE ACCOUNT WILL BE FORFEITED. THE UNIVERSITY WILL CREDIT DR. BLAKE WITH $50,000 ON EACH SEPTEMBER 1, BEGINNING WITH SEPTEMBER 1, 2017 AND ENDING SEPTEMBER 1, 2022. INTEREST ACCRUED WILL ALSO BE PAID IF HE REMAINS EMPLOYED WITH THE UNIVERSITY. DR. BLAKE WILL BECOME FULLY VESTED IN THE BALANCE OF HIS ACCOUNT UPON THE EARLIEST OF THE FOLLOWING: (I) SEPTEMBER 1, 2022, (II) HIS INVOLUNTARY TERMINATION BY THE UNIVERSITY FOR ANY REASON OTHER THAN CAUSE, (III) DEATH, OR (IV) TERMINATION DUE TO TOTAL AND PERMANENT DISABILITY. IF DR. BLAKE RESIGNS OR IS TERMINATED BY THE UNIVERSITY FOR CAUSE BEFORE THE ACCOUNT IS VESTED, THE ENTIRE ACCOUNT WILL BE FORFEITED. X 1 0 PART II EXPLANATION X 0 PART II EXPLANATION X 13 193539 SELLING PRICE X 3 0 PART II EXPLANATION X MISCELLANEOUS 5 0 PART II EXPLANATION 3 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 JEFFREY A. BEACHELL AND ALLEN J. MODEL - 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 COMPLIANCE, PRIVACY AND INTERNAL AUDIT 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 AUDIT 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