2017-05-09T15:26:06-05:00 2016-06-30 363990892 Capin Crouse LLP 972 Emerson Parkway STE A Greenwood IN 46143 990 2015-07-01 231409675 Eastern University EAST 6103415922 1300 Eagle Road St Davids PA 190873696 J Pernell Jones VP of Finance & Operations 6103415922 2017-05-09 1 Francis K Brown II P00465640 3178852620 2015 2021-01-29 14:40:06Z Robert Duffett 1300 Eagle Road St Davids PA 190873696 88347297 0 X www.eastern.edu X 1952 PA Educational services producing lives of Christian faith, leadership and service 27 24 1887 50 673099 -75062 4905983 3871210 79455480 74131531 3366814 1393222 1618476 1658729 89346753 81054692 26039101 25403896 0 0 38519260 36687025 164920 81003 1543070 24434895 24041431 89158176 86213355 188577 -5158663 111256455 103461155 44699060 43537678 66557395 59923477 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 appropriate and give witness 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 57794201 25403896 64641578 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. 17836142 0 10477955 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. 75630343 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 1 1 0 1 1 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 1 0 0 0 1 4989 0 1 1887 1 1 1 0 0 0 0 1 1 0 0 0 0 X 27 24 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 191922 0 219068 Ardell Thomas Board Chair 1.00 X X 0 0 0 W Donald Gough Treasurer 1.00 X X 0 0 0 Ronald B Evans Secretary 1.00 X X 0 0 0 Louis Barbarin Board Member 1.00 X 0 0 0 Delores Brisbon Board Member 1.00 X 0 0 0 Jacob Chatman Board Member 1.00 X 0 0 0 Steve Clemens 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 Dr Rev Richard A Dent Board Member (part year) 1.00 X 0 0 0 E Shepard Farrar Board Member (part year) 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 1.00 X 0 0 0 Algit 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 1.00 X 0 0 0 Dr Richard E Rusbuldt Board Member 1.00 X 0 0 0 John Sundquist 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 Eric Zee Board Member 1.00 X 0 0 0 Bettie Ann Brigham VP for Student Development (part year) 40.00 X 126703 0 10088 Keith Iddings Provost 40.00 X 174269 0 21100 J Pernell Jones VP for Finance & Operations 40.00 X 151674 0 33351 Christine Mahan VP for Inst Research & Assessment 40.00 X 119758 0 9769 Thomas Ridington Executive Vice President 40.00 X 168448 0 37859 Kenton Sparks VP for Enrollment & Marketing 40.00 X 97661 0 83631 Lisa Titus VP for Development 40.00 X 170514 0 35062 1200949 0 449928 7 0 1 0 Sodexo PO Box 905374 Charlotte NC 28290 Food Services 2545925 GCA Education 1350 Euclid Ave Suite 1500 Cleveland OH 44115 Housekeeping Services 681135 Wohlsen Construction 993 Old Eagle School Road Suite 41 Wayne PA 19087 Construction 534092 Ellucian 4375 Fair Lakes Ct Fairfax VA 22033 IT Support 499423 Haaspeters Construction 306 Baltimore Ave Folcroft PA 19032 Construction 435749 15 13695 1324926 2532589 33094 3871210 Tuition and fees 611600 64641578 64641578 Auxiliary Income 611600 9489953 9489953 74131531 688251 688251 629734 614534 15200 15200 15200 7365444 6660473 704971 704971 704971 15226 13695 17598 -2372 -2372 Other income 900099 988002 988002 Conferences 721310 657899 657899 1645901 81054692 75119533 673099 1390850 25366749 25366749 37147 37147 1637565 1434610 202955 146162 30150 116012 26289188 22989600 2589156 710432 1431803 1229771 160004 42028 5325959 4407144 787923 130892 1856348 1558911 238949 58488 95424 95424 117490 117490 81003 81003 154870 154870 2344992 2087738 231092 26162 861176 824400 7355 29421 1970249 1315976 538558 115715 1479911 557585 872395 49931 2763708 2664509 99199 1354943 1134852 139136 80955 131773 112183 10208 9382 1578701 1207957 370744 2374046 2374046 3280536 2580052 700484 254357 3979 250378 Food Service & Dining 2866807 2866807 Bad Debt Expense 1536452 1536452 Books/Magazines/Library 384701 384701 Equip Maint. & Repair 183225 167393 15832 308070 192241 110123 5706 86213355 75630343 9039942 1543070 18898864 13756332 82246 174541 3834253 3733671 2629384 2524187 112570726 59011339 54408916 53559387 27680918 26394499 1222808 1037034 2499066 2281504 111256455 103461155 4520235 4066188 1567404 1916549 36284345 35045273 18189 12532 2308887 2497136 44699060 43537678 X 37892831 32283621 2450860 2598714 26213704 25041142 66557395 59923477 111256455 103461155 -5158663 -1475256 0 X X 0 1 X 1 1 1 X 5742029 5447168 5368864 4905983 3871210 25335254 5742029 5447168 5368864 4905983 3871210 25335254 1634557 23700697 1103267 1497410 1446639 1438456 1317985 6803757 0 16339 0 19592 0 35931 774651 735368 1223793 988483 1003228 4725523 36900465 392887838 0.64230 X Schedule A, Part II, Line 10, Explanation of Other Income: Other income - 2011 Amount: $ 774,651. 2012 Amount: $ 673,903. 2013 Amount: $ 1,143,578. 2014 Amount: $ 975,658. 2015 Amount: $ 988,002. Special event revenue - 2012 Amount: $ 61,465. 2013 Amount: $ 80,215. 2014 Amount: $ 12,825. 2015 Amount: $ 15,226. 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 28463478 357462 -296379 989830 929487 104915 26500329 29002421 638028 335618 718435 120907 673247 28463478 24719267 712515 4550766 682678 105638 191811 29002421 21771059 235971 3599444 673393 111542 102272 24719267 21566374 33997 899980 426500 173730 129062 21771059 0.05510 0.94490 0 0 11017747 11017747 76764054 38381012 38383042 20529255 17105228 3424027 4259670 3525099 734571 53559387 Annuities payable 1018279 Student deposits 889303 Advances from federal gov't for student loans 589554 2497136 X 54652803 -1475256 632132 -843124 55495927 154870 25403896 25558766 81054693 61286721 632132 632132 60654589 154870 25403896 25558766 86213355 Part V, Line 4: Endowment funds are intended to earn investment income and to fund future operations. Part X, Line 2: Tax benefits from an uncertain tax position are only recognized in the statement of financial position if the tax position is more likely than not to be sustained upon an examination, based on the technical merits of the position. As of June 30, 2016 and 2015, the University had no uncertain tax positions that qualify for recognition or disclosure in the financial statements. The University files information tax returns in the U.S. The University is generally no longer subject to U.S. federal income tax examinations by tax authorities for years before 2012. Part XI, Line 2d - Other Adjustments: Rent expense included on Part VIII, Line 6b 614,534. Fundraising expense included on Part VIII, Line 8b 17,598. Part XI, Line 4b - Other Adjustments: Tuition and fees 25,403,896. Part XII, Line 2d - Other Adjustments: Rent expense included on Part VIII, Line 6b 614,534. Fundraising expense included on Part VIII, Line 8b 17,598. Part XII, Line 4b - Other Adjustments: Tuition and fees 25,403,896. 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 37147 East Asia 0 2 Program services Recruiting Students 45915 Sub-Saharan Africa 0 0 Program services Education 95555 0 2 0 0 0 2 178617 0 178617 Financial aid Sub-Saharan Africa 10 37147 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 1 Gonser Gerber LLP 1776 Legacy Cir Suite 100 Naperville IL 60563 Capital Campaign 0 0 69003 -69003 Cedarstone Holdings LLC 209 E Liberty Drive Wheaton IL 60187 Capital Campaign 0 0 12000 -12000 81003 -81003 PA Golf event 28921 13695 15226 310 13450 3838 28921 13695 15226 310 13450 3838 17598 -2372 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 2327 25366749 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 80089 0 35000 0 76833 0 57232 0 174947 0 424101 0 0 0 Keith Iddings Provost 173624 0 0 0 645 0 12923 0 9102 0 196294 0 0 0 J Pernell Jones VP for Finance & Operations 135538 0 0 0 16136 0 10494 0 23699 0 185867 0 0 0 Thomas Ridington Executive Vice President 163681 0 0 0 4767 0 13400 0 25561 0 207409 0 0 0 Kenton Sparks VP for Enrollment & Marketing 94569 0 0 0 3092 0 13400 0 71041 0 182102 0 0 0 Lisa Titus VP for Development 164639 0 0 0 5875 0 12205 0 23802 0 206521 0 0 0 Part I, Line 1a The VP for Enrollment Management 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 3065000 15803791 986903 273510 394705 14148673 2008 0 0 1 1 B 2360000 21519747 2009373 399019 2655642 15611356 844358 2013 1 0 0 0 C 875000 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 1 0 0 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: 09/26/2011 P Mugridge Family member W. Donald Gough, Board Member 103368 Compensation 0 E Merriman Family member Richardson T. Merriman, Board Member 31800 Compensation 0 X 8 33094 Fair market value 0 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, chairpersons of each standing committee of the Board, and the University President. 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 11 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