2017-11-15T10:03:22-06:00 2017-06-30 363990892 Capin Crouse LLP 972 Emerson Parkway STE A Greenwood IN 46143 990 2016-07-01 231409675 Eastern University EAST 6103415948 1300 Eagle Road St Davids PA 190873696 J Pernell Jones VP of Finance & Operations 6103415948 2017-11-15 1 Francis K Brown II P00465640 3178852620 173.240.105.108 2017-11-15 11:03:00 ES P 3FA434133A238730998D7A9D41C1B7FA54277518 74434E1BBD8225AD589B0CA7E5609FEFA8732794 2016 2021-01-29 14:40:06Z Robert Duffett 1300 Eagle Road St Davids PA 190873696 90225285 0 X www.eastern.edu X 1952 PA Educational services producing lives of Christian faith, leadership and service 31 28 1764 50 766107 0 3871210 4060832 74131531 76058767 1393222 1730384 1658729 1896057 81054692 83746040 25403896 26851610 0 0 36687025 33260403 81003 44560 1535506 24041431 23933667 86213355 84090240 -5158663 -344200 102991208 102260801 43067731 41287107 59923477 60973694 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 envince to 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 55487815 26851610 66395496 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. 17956174 10781752 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. 73443989 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 0 1 0 1 1 1 0 1 1 0 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 4670 0 1 1764 1 1 1 0 0 0 0 1 1 0 0 0 0 X 31 28 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 40.00 X X 150999 0 225909 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 1.00 X 0 0 0 Ardell Thomas Board Member 1.00 X 0 0 0 Delores Brisbon Board Member - Emeriti Status 5/17 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 Lucy Huff Board Member - Emeriti Status 5/17 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 Thomas M Petro Board Member - Emeriti Status 5/17 1.00 X 0 0 0 Dr Richard E Rusbuldt Board Member - Emeriti Status 5/17 1.00 X 0 0 0 John Sundquist Board Member - Emeriti Status 5/17 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 Eric Zee Board Member (part year) 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 Keith Iddings Provost 40.00 X 173923 0 19243 J Pernell Jones VP for Finance & Operations 40.00 X 140252 0 35418 Christine Mahan VP for Inst Research & Assessment 40.00 X 125953 0 10264 Thomas Ridington Executive Vice President 40.00 X 169736 0 38883 Kenton Sparks VP for Marketing & Enrollment Mgmt. 40.00 X 100275 0 82482 Lisa Titus VP for Advancement 40.00 X 169971 0 36030 Bettie Ann Brigham Vice Provost for Student Development 40.00 X 126596 0 10088 Patricia Reger Dean - CHSS 40.00 X 106273 0 22351 Douglas Clark Dean - CBL 40.00 X 136456 0 37939 1400434 0 518607 10 0 1 0 Sodexo PO Box 905374 Charlotte NC 28290 Food Services 3006749 GCA Education 1350 Euclid Ave Suite 1500 Cleveland OH 44115 Housekeeping Services 628740 Ellucian 4375 Fair Lakes Ct Fairfax VA 22033 IT Support 499423 Wohlsen Construction 993 Old Eagle School Road Suite 41 Wayne PA 19087 Construction 467996 Haaspeters Construction 306 Baltimore Ave Folcroft PA 19032 Construction 435749 17 5170 1171014 2884648 72516 4060832 Tuition and fees 611600 66376435 66376435 Auxiliary Income 611600 9682332 9682332 76058767 635299 635299 408625 400000 8625 8625 8625 7152414 6057329 1095085 1095085 1095085 33385 5170 21916 11469 11469 Other income 900099 1118481 1118481 Conferences 721310 757482 757482 1875963 83746040 77177248 766107 1741853 26703142 26703142 148468 148468 1652496 1440549 211947 57354 11757 45597 23742489 20379803 2641502 721184 1296940 1086322 160023 50595 4800834 3936418 745365 119051 1710290 1420764 229542 59984 199532 21201 178331 115286 15000 100286 44560 44560 208609 208609 2792633 2389082 388141 15410 1186541 1078291 86695 21555 1609470 1062891 414464 132115 1286079 460612 753162 72305 2875519 2771915 103604 1433994 1229334 124903 79757 126220 108836 14468 2916 1540049 1151721 388328 2828012 2828012 3174340 2472165 702175 270429 1020 269409 Food Service & Dining 2813164 2813164 Bad Debt Expense 728246 728246 Books/Magazines/Library 338051 338051 Equip Maint. & Repair 126947 111529 13979 1439 280546 176245 101613 2688 84090240 73443989 9110745 1535506 13756332 13340467 174541 119250 3733671 3275765 2524187 1485835 114693225 62185679 53559387 52507546 26394499 28279659 1037034 948814 1811557 2303465 102991208 102260801 4066188 4165359 1916549 1736058 34575326 33136780 12532 5045 2497136 2243865 43067731 41287107 X 32283621 31976031 2598714 2004718 25041142 26992945 59923477 60973694 102991208 102260801 -344200 1394417 0 X X 0 1 X 1 0 X 5447168 5368864 4905983 3871210 4060832 23654057 5447168 5368864 4905983 3871210 4060832 23654057 709288 22944769 1497410 1446639 1438456 1317985 1043925 6744415 16339 19592 84725 120656 735368 1223793 988483 1003228 1151866 5102738 35621866 387970155 0.64410 0.64230 X Schedule A, Part II, Line 10, Explanation of Other Income: Other income - 2012 Amount: $ 673,903. 2013 Amount: $ 1,143,578. 2014 Amount: $ 975,658. 2015 Amount: $ 988,002. 2016 Amount: $ 1,118,481. Special event revenue - 2012 Amount: $ 61,465. 2013 Amount: $ 80,215. 2014 Amount: $ 12,825. 2015 Amount: $ 15,226. 2016 Amount: $ 33,385. 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 qualifies to use the first listed special rule for Schedule B reporting. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 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 21771059 235971 3599444 182451 704756 24719267 0.07030 0.92970 0 0 11053345 11053345 77427413 40844913 36582500 20895285 17690517 3204768 5317182 3650249 1666933 52507546 Annuities payable 1069734 Student deposits 746130 Advances from federal gov't for student loans 428001 2243865 58502154 1394417 421916 1816333 56685821 208609 26851610 27060219 83746040 57451937 421916 421916 57030021 208609 26851610 27060219 84090240 Part V, Line 4: Endowment funds are intended to earn investment income and to fund future operations. The 2016 990, Schedule D, Part V, columns (b) - (c) have been updated to reflect corrected activity. Part XI, Line 2d - Other Adjustments: Rent expense included on Part VIII, Line 6b 400,000. Fundraising expense included on Part VIII, Line 8b 21,916. Part XI, Line 4b - Other Adjustments: Scholarships and Student Aid 26,851,610. Part XII, Line 2d - Other Adjustments: Rent expense included on Part VIII, Line 6b 400,000. Fundraising expense included on Part VIII, Line 8b 21,916. Part XII, Line 4b - Other Adjustments: Scholarships and Student Aid 26,851,610. 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 Perkin's Loans are received for student tuition. 1 Sub-Saharan Africa 0 0 Grants to Recipients 21769 East Asia and the Pacific 0 3 Program services Recruiting Students 54981 Sub-Saharan Africa 0 2 Program services Education 26787 North America 0 0 Grants to Recipients 126699 North America 0 0 Program Services Education 60065 East Asia and the Pacific 0 1 Program Services Education 48900 0 6 0 0 0 6 339201 0 339201 Financial aid Sub-Saharan Africa 6 21769 Apply as payment to student bill Financial aid North America - Canada and Mexico 42 126699 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. X X X X X X X 1 Gonser Gerber LLP 1776 Legacy Cir Suite 100 Naperville IL 60563 Capital Campaign 0 0 33560 -33560 Cedarstone Holdings LLC 209 E Liberty Drive Wheaton IL 60187 Capital Campaign 0 0 11000 -11000 44560 -44560 PA Golf event 38555 5170 33385 16648 5268 38555 5170 33385 16648 5268 21916 11469 Schedule G, Part I, Line 2b, Column (IV) The professional fundraising services were consulting in nature, no gross receipts were directly generated from the services provided. 1 Scholarships and grants to students for educational programs at the University 2367 26703142 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 92676 0 0 0 58323 0 63433 0 177328 0 391760 0 0 0 Keith Iddings Provost 173278 0 0 0 645 0 10500 0 9598 0 194021 0 0 0 J Pernell Jones VP for Finance & Operations 135359 0 0 0 4893 0 11372 0 24782 0 176406 0 0 0 Thomas Ridington Executive Vice President 163336 0 0 0 6400 0 13804 0 25925 0 209465 0 0 0 Kenton Sparks VP for Marketing & Enrollment Mgmt. 94502 0 0 0 5773 0 10640 0 72547 0 183462 0 0 0 Lisa Titus VP for Advancement 164459 0 0 0 5512 0 11984 0 24888 0 206843 0 0 0 Douglas Clark Dean - CBL 135966 0 0 0 490 0 11600 0 27030 0 175086 0 0 0 Part I, Line 1a 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 and parsonage allowance which is not treated as taxable compensation. 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. 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 3475000 15809427 992539 273510 394705 14148673 2008 0 0 1 1 B 3125000 21531223 2020849 399019 3497352 15611356 2648 2013 1 0 0 0 C 1180000 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 32769 Compensation 0 X 8 72516 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 Finance & Operations, Associate VP Finance & Operations, 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