2018-12-13T17:26:55-06:00 2018-06-30 363990892 Capin Crouse LLP 972 Emerson Parkway STE A Greenwood IN 46143 990 2017-07-01 231409675 Eastern University EAST 6103415890 1300 Eagle Road St Davids PA 190873696 J Pernell Jones VP for Finance & Operations 6103415890 2018-12-13 1 David C Moja P00747006 3178852620 139.146.132.42 2018-12-13 16:24:49 MS P 44FC7329689CECFD769EE12F9D6B3E9428C57B87 0E10599620F80C6AC5C31ED2628046F6831591E5 2017 2019-02-21 02:37:17Z Ronald Matthews 1300 Eagle Road St Davids PA 190873696 112579776 0 X www.eastern.edu X 1952 PA Educational services producing lives of Christian faith, leadership and service 25 23 1694 50 774174 0 4060832 5031784 76058767 72250040 1730384 8218558 1896057 1873444 83746040 87373826 26851610 26872456 0 0 33260403 32826858 44560 14479 1367861 23933667 22401717 84090240 82115510 -344200 5258316 102260801 100478209 41287107 40184166 60973694 60294043 X Eastern University is a Christian university dedicated through teaching and learning, scholarship, service, spiritual formation, student development, and stewardship to the preparation of undergraduate, theological, and graduate students for thoughtful and productive lives of Christian faith, leadership, and service. Achievement of that mission requires that the University manage effectively and justly the resources with which it is entrusted and that students evince a Christian world view through action and voice; advance critical thinking, reflection, analysis, and communication skills; develop intellectual curiousity, passion and agility; demonstrate knowledge and competencies in the arts, sciences, and professions; assume responsibility for justice - especially social, political and economic justice; assume responsibility for Godly stewardship of all resources; discern the ethical consequences of decisions and actions. 0 0 53758862 26872456 62856660 Instruction - Expenditures for all activities through which students earn credit toward postsecondary degrees or certificates, and the support services for the delivery of instruction. Includes expenditures for curriculum development, departmental research, education materials (e.g., libraries), laboratories and other services that directly assist the institution's academic functions, faculty development, and academic administration.Academic Support - Funds expended to provide support services for the core, instructional mission of the University including operation of libraries and laboratories, instructional technologies, assessment, and academic administration. 18003419 10531460 Auxiliary and Other Operations - Funds expended for auxiliary enterprises that generally operate as self-supporting programs by charging fees for the provision of goods and services; also includes expenditures for institutional support and plant operations attributable and/or allocable to the programmatic departments of the institution.Student Services - Funds expended for offices of admissions and registrar and those activities that contribute to the emotional and physical wellbeing of students, as well as their intellectual, cultural, and social development outside of the context of the formal instructional environment including student activities, counseling and career guidance, intercollegiate athletics, and student organizations. 71762281 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 0 1 0 1 1 1 0 1 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 1 0 0 0 1 4800 0 1 1694 1 1 1 0 0 0 0 1 1 0 0 0 0 X 25 23 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 PA X J Pernell Jones 6103415948 1300 Eagle Road St Davids PA 190873696 X Robert Duffett President (part year) 40.00 X X 155300 0 220805 Ronald Matthews President 1.00 X X 99621 0 37538 Steve Clemens Chairman of the Board 1.00 X X 0 0 0 Ronald B Evans Secretary 1.00 X X 0 0 0 Louis Barbarin Treasurer 1.00 X X 0 0 0 W Donald Gough Board Member (part year) 1.00 X 0 0 0 Ardell Thomas Board Member 1.00 X 0 0 0 Jacob Chatman Board Member 1.00 X 0 0 0 Rev Danny Cortes Board Member 1.00 X 0 0 0 Rev Albert G Davis Jr Board Member 1.00 X 0 0 0 Kevin Cramton Board Member 1.00 X 0 0 0 Matthew Kane Board Member 1.00 X 0 0 0 Frank Frischkorn Board Member 1.00 X 0 0 0 Rev Dr W Wilson Goode Sr Board Member 1.00 X 0 0 0 Jim Hooker Board Member 1.00 X 0 0 0 Aljit Joy Board Member 1.00 X 0 0 0 Jean Kim Board Member 1.00 X 0 0 0 Michael Mandarino Board Member 1.00 X 0 0 0 Michael McNamara Board Member 1.00 X 0 0 0 Richardson T Merriman Board Member 1.00 X 0 0 0 Jeffrey Morrison Board Member 1.00 X 0 0 0 Charles A Olson III Board Member 1.00 X 0 0 0 Dennis Tanner PhD Board Member 1.00 X 0 0 0 Rev Dr Alyn E Waller Board Member 1.00 X 0 0 0 Leah Mulhearn Board Member 1.00 X 0 0 0 Jon Seltenheim Board Member 1.00 X 0 0 0 Adam Shute Board Member 1.00 X 0 0 0 J Pernell Jones VP for Finance & Operations 1.00 X 141404 0 36287 Christine Mahan VP for Inst Research & Assessment 1.00 X 125952 0 10264 Thomas Ridington Executive Vice President (part year) 1.00 X 168463 0 36733 Kenton Sparks Provost 1.00 X 96551 0 83849 Lisa Titus VP for Advancement (part year) 1.00 X 164527 0 37345 Keith Iddings Provost (part year) 40.00 X 173802 0 23515 Douglas Clark Dean - CBL 40.00 X 136828 0 35864 Eric McCloy Chief Information Officer 40.00 X 118862 0 29039 Bettie Ann Brigham Vice Provost Student Dev (part year) 40.00 X 106930 0 8139 Patricia Reger Dean - CHSS 40.00 X 105078 0 25319 1593318 0 584697 10 0 1 0 Sodexo Inc and Affiliates 1300 Eagle Road St Davids PA 19087 Dining Services 3044707 Wohlsen Construction Company PO Box 4612 Lancaster PA 17604 Construction 658150 GCA Education Services Inc PO Box 643823 Pittsburgh PA 152643823 Cleaning Services 628740 Capital Education LLC 1650 Tysons Blvd McLean VA 22102 On-Line Tuition Pmt Svcs 580688 Communications Cable Co 140 Quaker Lane Malvern PA 19355 Networking Services 480088 23 126139 1365285 3540360 90618 5031784 Tuition and fees 611600 62856660 62856660 Auxiliary Income 611600 9393380 9393380 72250040 717169 717169 409000 400000 9000 9000 9000 32204208 24702819 7501389 7501389 7501389 64321 126139 103131 -38810 -38810 Other income 900099 1138080 1138080 Conferences 721310 765174 765174 1903254 87373826 73388120 774174 8179748 26487262 26487262 385194 385194 1485404 1390532 94872 47570 30980 16590 23515296 19862946 2952214 700136 1314327 1103714 162021 48592 4763598 3885117 748422 130059 1700663 1403945 242116 54602 169102 2755 166347 123237 123237 14479 14479 184049 184049 2322444 2051431 192358 78655 1435177 1317119 92418 25640 1607364 1106355 389799 111210 1260829 487368 708028 65433 2464439 2432069 32370 1259202 1105310 111103 42789 120132 110035 9323 774 1515730 1117735 397995 2372133 2372133 3051669 2374316 677353 276274 30 276244 Food Service & Dining 2895157 2895157 Bad Debt Expense 565201 565201 Books/Magazines/Library 351720 351720 Equip Maint. & Repair 172056 169433 2453 170 255802 144956 110396 450 82115510 71762281 8985368 1367861 7476 13340467 8883607 119250 286793 3275765 4372045 1485835 1931298 117600481 65228933 52507546 52371548 28279659 29912412 948814 879734 2303465 1833296 102260801 100478209 4165359 4285721 1736058 1952534 33136780 31745966 5045 679 2243865 2199266 41287107 40184166 X 31976031 30090210 2004718 1915689 26992945 28288144 60973694 60294043 102260801 100478209 5258316 -5937967 0 X X 0 1 X 1 1 1 X 5368864 4905983 3871210 4060832 5031784 23238673 5368864 4905983 3871210 4060832 5031784 23238673 439948 22798725 1446639 1438456 1317985 1043925 1126169 6373174 19592 84725 62053 166370 1223793 988483 1003228 1151866 1193401 5560771 35338988 380724297 0.64510 0.64410 X Schedule A, Part II, Line 10, Explanation of Other Income: Other income - 2013 Amount: $ 1,143,578. 2014 Amount: $ 975,658. 2015 Amount: $ 988,002. 2016 Amount: $ 1,118,481. 2017 Amount: $ 1,129,080. Special event revenue - 2013 Amount: $ 80,215. 2014 Amount: $ 12,825. 2015 Amount: $ 15,226. 2016 Amount: $ 33,385. 2017 Amount: $ 64,321. Schedule A, Part II: The organization is a school as described under 170(b)(1)(A)(ii) and is not required to complete a public support schedule. Schedule A, Part II is completed to verify the School can qualify under public charity status section 170(b)(1)(A)(vi) and, therefore, qualifies to use the first listed special rule for Schedule B reporting. 29034684 1258247 2129392 550021 1200467 30671835 26500329 918833 2950782 292235 1043025 29034684 28463478 357462 -296379 372567 1651665 26500329 29002421 638028 335618 308319 804270 400000 28463478 24719267 712515 4550766 200409 779718 29002421 0.07770 0.92230 0 0 11900508 11900508 77877806 42335588 35542218 1166226 953798 212428 21397665 18219427 3178238 5258276 3720120 1538156 52371548 Annuities payable 1005434 Student deposits 890350 Advances from federal gov't for student loans 303482 2199266 54882485 -5937967 503131 -5434836 60317321 184049 26872456 27056505 87373826 55562136 503131 503131 55059005 184049 26872456 27056505 82115510 Part V, Line 4: Endowment funds are intended to earn investment income and to fund future operations. Part XI, Line 2d - Other Adjustments: Rent expense included on Part VIII, Line 6b 400,000. Fundraising expense included on Part VIII, Line 8b 103,131. Part XI, Line 4b - Other Adjustments: Scholarships and Student Aid 26,872,456. Part XII, Line 2d - Other Adjustments: Rent expense included on Part VIII, Line 6b 400,000. Fundraising expense included on Part VIII, Line 8b 103,131. Part XII, Line 4b - Other Adjustments: Scholarships and Student Aid 26,872,456. 1 0 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 The institution's racial nondiscriminatory policy is publicized through the institution's website. Schedule E, Part I, Line 6 Title IV federal funds as well as PELL Grants and Perkins Loans are received for student tuition. 1 East Asia and the Pacific 0 2 Program services Recruiting Students 22187 East Asia and the Pacific 0 1 Program Services Education 69190 North America - Canada and Mexico 0 0 Grants to Recipients 375775 North America - Canada and Mexico 0 1 Program Services Education 144131 Sub-Saharan Africa 0 0 Grants to Recipients 9419 Sub-Saharan Africa 0 1 Program services Education 17102 0 5 0 0 0 5 637804 0 637804 Financial aid Sub-Saharan Africa 1 9419 Apply as payment to student bill Financial aid North America - Canada and Mexico 65 375775 Apply as payment to student bill 0 0 0 0 0 0 Part I, Line 2: Grants are awarded to foreign individuals attending educational programs in foreign countries. Grants are awarded based on compliance with eligibility requirements. Awarded grants are applied directly by the University to the student tuition billing. Part I, line 3: Expenditures are accounted for using the accrual basis of accounting. Eastern Cup 168400 109464 58936 80769 8860 Eagle Classic 22060 16675 5385 12193 1309 190460 126139 64321 92962 10169 103131 -38810 1 Scholarships and grants to students for educational programs at the University 2424 26487262 Part I, Line 2: Grants are awarded to individuals based on compliance with eligibility requirements. Award grant and assistance amounts are applied by the University to the student tuition billing. X X 1 1 X X X X X X 0 0 0 0 0 0 0 0 0 Robert Duffett President (part year) 111971 0 0 0 43329 0 56500 0 177663 0 389463 0 0 0 J Pernell Jones VP for Finance & Operations 135139 0 0 0 6265 0 10368 0 26656 0 178428 0 0 0 Thomas Ridington Executive Vice President (part year) 163618 0 0 0 4845 0 13804 0 23775 0 206042 0 0 0 Kenton Sparks Provost 90532 0 0 0 6019 0 13400 0 71154 0 181105 0 0 0 Lisa Titus VP for Advancement (part year) 160948 0 0 0 3579 0 11523 0 26664 0 202714 0 0 0 Keith Iddings Provost (part year) 172850 0 0 0 952 0 14000 0 10370 0 198172 0 0 0 Douglas Clark Dean - CBL 136338 0 0 0 490 0 11600 0 24955 0 173383 0 0 0 Part I, Line 1a Travel for Companions The travel for companions is for the President's wife. The travel is for a bona fide business purpose and is not treated as taxable compensation. Housing Allowance The VP for Enrollment Mgmt. received a minister's housing allowance which was not treated as taxable compensation. The President received a minister's housing allowance which is not treated as taxable compensation. A Delaware County Authority 231973437 245913JB5 2006-10-26 15802394 Construction 0 0 0 B Delaware County Authority 231973437 245913KZ0 2012-06-29 21511845 Refinancing of 1999/2010 bonds and construction 0 0 0 C Delaware County Authority 231973437 2013-01-02 4180000 Refinance of 2007 bonds 0 0 0 A 3905000 15823107 1006219 273510 394705 14148673 2008 0 0 1 1 B 3815000 21559075 2048701 399019 3500000 15611356 2013 1 0 0 0 C 1490000 4180000 80000 4100000 2013 1 0 1 1 A 0 0 0 0 0.02540 0.02540 0 0 1 B 0 0 0 0 0 0 1 C 0 0 0 0 0 0 1 A 0 0 0 1 0 0 0 0 1 B 0 0 0 1 0 0 0 0 1 C 0 1 0 0 1 0 0 0 1 A 1 B 1 C 1 Date Rebate Computation Performed Issuer Name: Delaware County Authority Date the Rebate Computation was Performed: 09/09/2016 Issuer Name: Delaware County Authority Date the Rebate Computation was Performed: 06/29/2017 E Merriman Family member Richardson T. Merriman, Board Member 30980 Compensation 0 X 8 90618 Fair market value 0 1 0 Part I, Column (b): The number of contributions represent the number of contributions received, not the number of items donated. Form 990, Part VI, Section A, line 1 The Executive Committee is composed of officers of the Board; the Chairpersons of Standing Committees of the Board; the President of the University, and such other Board members, not to exceed two in number, as shall be appointed by the Chairperson of the Board. Subject to the provisions of the University's Charter and Bylaws, the Executive Committee exercises all powers of the Board of Trustees in the interim between meetings of the Board. Form 990, Part VI, Section B, line 11b The Form 990 is prepared by an independent CPA firm. Prior to filing the Form 990, the return is reviewed in detail by the VP for Finance & Operations, Associate Controller, Treasurer (Chair of the Board Finance & Operations Committee), and the Chair of the Audit Committee. The Form 990 is distributed in electronic form to the entire Board of Trustees prior to filing. Form 990, Part VI, Section B, line 12c The conflict of interest policy is included in the employee handbook of the University, and it is monitored and enforced by departmental and/or divisional managers. Officers, trustees, and key employees are annually required to disclose interests that could give rise to conflicts. Should any potential conflicts of interest be disclosed, the trustee or officer would be asked to refrain from participation in any decision with regard to matters affected by the relationship. Form 990, Part VI, Section B, line 15 15a - The compensation for the President is established by the Executive Compensation Committee of the Board of Trustees. The Committee reviews market data as to compensation levels for comparable positions at similar organizations, and it maintains minutes of its meetings. The process was last completed during the 2015-16 tax year during which the Committee engaged a compensation consultant. 15b - The President determines compensation for all other officers using comparability data and the deliberation and decision are documented. Form 990, Part VI, Section C, line 19 The institution's governing documents, conflict of interest policy and financial statements are available upon request. Form 990, Part VII, Section A and Sch J, Part II Compensation reported in Part VII, column D and Schedule J, Part II, column B is the amount reported on the individual's W-2, box 1 or 5 (whichever amount is greater) per the IRS instructions. In the case of minister's compensation when box 5 of the W-2 is not applicable, box 1 compensation is used. Employee deferrals to qualified retirement plans are normally captured in box 5, not box 1 of Form W-2. For reporting purposes we have included the employee's retirement plan deferrals in Part VII, column F and Schedule J, Part II, column C. Form 990, Part XII, Line 2c The organization's audit committee assumes responsibility for oversight of the audit of its financial statements and selection of its independent accountant. This process has not changed since the prior year. Charitable Remainder Unitrust (2) Charitable Remainder Unitrust PA T 0 Charitable Remainder Unitrust (1) Charitable Remainder Unitrust CT T 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0