2016-05-16T13:22:55-05:00 2015-06-30 363990892 Capin Crouse LLP 972 Emerson Parkway STE A Greenwood IN 46143 990 2014-07-01 231409675 Eastern University EAST 6103415922 1300 Eagle Road St Davids PA 190873696 J Pernell Jones VP of Finance & Operations 6103415922 2016-05-16 1 David C Moja P00747006 3178852620 2014 2016-08-17 19:52:53Z Robert Duffett 1300 Eagle Road St Davids PA 190873696 96581812 0 X www.eastern.edu X 1952 PA Educational services producing lives of Christian faith, leadership and service 29 26 1923 49 701233 0 5368864 4905983 78828479 79455480 2518251 3366814 1873269 1618476 88588863 89346753 25588151 26039101 0 0 38358912 38519260 109716 164920 1560012 24872689 24434895 88929468 89158176 -340605 188577 116799487 111256455 47341675 44699060 69457812 66557395 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 60615313 26039101 69513136 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. 16985341 10918002 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. 77600654 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 5148 0 1 1923 1 1 1 0 0 0 0 1 1 0 0 0 0 X 29 26 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 84698 0 316530 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 Michael Mandarino Board Member 1.00 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 1.00 X 0 0 0 E Shepard Farrar 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 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 Frank Frischkorn Board Member 1.00 X 0 0 0 Jean Kim Board Member 1.00 X 0 0 0 Dr Richard E Rusbuldt Board Member 1.00 X 0 0 0 Michael McNamara 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 John M Templeton Jr MD Board Member (part year) 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 Steve O'Hearn Board Chair (part year) 1.00 X X 0 0 0 Kenton Sparks VP 40.00 X 89192 0 83817 Thomas Ridington Senior VP 40.00 X 169396 0 35764 Lisa Titus VP for Development 40.00 X 50437 0 12000 Keith Iddings Provost 40.00 X 83063 0 10613 Betty Ann Brigham VP Student Development 40.00 X 125764 0 10061 J Pernell Jones VP - Finance & Operations 40.00 X 156427 0 33555 Christine Mahan VP 40.00 X 105917 0 8664 Debra Heath-Thornton Dean of Graduate Studies 40.00 X 116992 0 18185 Diana Bacci Project Manager ERP 40.00 X 116631 0 18169 David Black Former President 40.00 X 700101 0 18881 1798618 0 566239 7 1 1 0 Sodexo PO Box 905374 Charlotte NC 28290 Food Services 3082309 Royall and Company 1920 East Parham Road Richmond VA 23228 Marketing 395807 Tustin Mechanical 2555 Industry Lane Norristown PA 19403 Contractors 292316 Communications Solutions 140 Quaker Lane Malvern PA 19355 Communication maint. 251877 Derck & Edson Associates 33 South Broad Street Litiz PA 17543 Contractors 176714 14 159130 2003873 2742980 174818 4905983 Tuition and fees 611600 69513136 69513136 Auxiliary Income 611600 9942344 9942344 79455480 582377 582377 856079 832079 24000 24000 24000 9116177 6331740 2784437 2784437 2784437 12825 159130 71240 -58415 -58415 Other income 900099 975658 975658 Conferences 721310 677233 677233 1652891 89346753 80431138 701233 3308399 77858 77858 25849059 25849059 112184 112184 1573074 1407898 165176 257022 257022 27318519 23618588 3034103 665828 1538109 1292764 202916 42429 5873204 5006155 746546 120503 1959332 1586532 310563 62237 48506 4889 43617 106560 2500 104060 164920 164920 223922 223922 2061574 1797372 213027 51175 1103920 847947 241446 14527 2147273 1442290 609374 95609 2015821 872336 1065963 77522 2832212 2706317 125645 250 1588198 1304421 206488 77289 157708 134334 18396 4978 1616129 1242681 373448 2903907 2903907 3270430 2631054 639376 281418 3335 278083 Food Service & Dining 2711568 2711568 Bad Debt Expense 527499 527499 Books/Magazines/Library 353862 353841 21 Equip Maint. & Repair 169501 144149 19203 6149 314887 170052 133415 11420 89158176 77600654 9997510 1560012 22167127 18898864 289250 82246 4633377 3834253 2005830 2629384 110139719 55730803 55459129 54408916 24024619 27680918 4484277 1406244 1222808 2329634 2499066 116799487 111256455 4882729 4520235 3133424 1567404 37477662 36284345 41917 18189 1805943 2308887 47341675 44699060 X 40568335 37892831 2622724 2450860 26266753 26213704 69457812 66557395 116799487 111256455 188577 -3088994 0 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 29002421 638028 335618 718435 120907 273247 28863478 24719267 712515 4550766 682678 105638 191811 29002421 21771059 235971 3599444 673393 111542 102272 24719267 21566374 33997 899980 426500 173730 129062 21771059 17551664 1588635 2963323 304878 144063 88307 21566374 0.09180 0.90820 0 0 11017747 11017747 75269635 35845180 39424455 19327082 18017818 1309264 4525255 1867805 2657450 54408916 Annuities payable 1096860 Student deposits 548088 Advances from federal gov't for student loans 663939 2308887 X 60905914 -3088994 903319 -2185675 63091589 223922 26031242 26255164 89346753 63806331 903319 903319 62903012 223922 26031242 26255164 89158176 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, 2015 and 2014, 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 832,079. Fundraising expense included on Part VIII, Line 8b 71,240. Part XI, Line 4b - Other Adjustments: Tuition and fees 26,031,242. Part XII, Line 2d - Other Adjustments: Rent expense included on Part VIII, Line 6b 832,079. Fundraising expense included on Part VIII, Line 8b 71,240. Part XII, Line 4b - Other Adjustments: Tuition and fees 26,031,242. 1 1 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 - Angola, Benin, Botswana, Burkina, Faso, 0 0 Program services Education 105789 Central America and the Caribbean - Antigua & Barbuda, Aruba, Bahamas, 0 0 Program services Education 29571 Sub-Saharan Africa - Angola, Benin, Botswana, Burkina, Faso, 0 0 Grants to Recipients 112184 0 0 0 0 0 0 247544 0 247544 Financial aid Sub-Saharan Africa - Angola, Benin, Botswana, Burkina, Faso, 32 112184 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 100782 -100782 Ramona Munsell & Associates 5208 Village Pkwy 1 Rogers AR 72758 Capital Campaign 0 0 16120 -16120 RESolutions TECH Inc 120 Clarence St Kingston Ontario CA K7L 5J7 Capital Campaign 0 0 6000 -6000 Wilson Bennett Technologys Inc 140 Professional Dr 2 Cabot AR 72023 Capital Campaign 0 0 12246 -12246 Movad LLC 801 Bristol Pike Bensalem PA 19020 Capital Campaign 0 0 29772 -29772 164920 -164920 PA Golf event 171955 159130 12825 4300 52040 2500 1500 10900 171955 159130 12825 4300 52040 2500 1500 10900 71240 -58415 Part I, Line 2b, Column (iv) A professional fundraiser has been hired to consult on a capital campaign. However, the capital campaign has not yet begun so there are no contributions reported. 1 Chestnut Hill College 9601 Germantown Ave Philadelphia PA 19118 231352626 501 (c)(3) 77858 Pass through funds for Department of Education Title II Program 1 0 Scholarships and grants to students for educational programs at the University 2242 25849059 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 0 1 0 0 0 0 0 0 0 Robert Duffett President 39087 0 33750 0 11861 0 51904 0 264626 0 401228 0 0 0 Kenton Sparks VP 88962 0 0 0 230 0 14232 0 69585 0 173009 0 0 0 Thomas Ridington Senior VP 164391 0 0 0 5005 0 13697 0 22067 0 205160 0 0 0 J Pernell Jones VP - Finance & Operations 134487 0 0 0 21940 0 11280 0 22275 0 189982 0 0 0 David Black Former President 90154 0 0 0 609947 0 7420 0 11461 0 718982 0 71299 0 Part I, Line 1a The Provost 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. Part I, Line 4b The Former President received payment from a nonqualified retirement plan in the amount of $607,280. 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 2670000 15802394 998380 291400 394705 14130784 2008 0 0 1 1 B 1820000 21511845 2022618 399018 2661400 15611356 838600 2013 1 0 0 0 C 575000 4180000 80000 4100000 2013 1 0 1 1 A 0 0 0 0 0.00000 0.02540 0.02540 0 0 1 B 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 C 0 0 0 0 0.00000 0.00000 0.00000 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 102435 Compensation 0 E Merriman Family member Richardson T. Merriman, Board Member 25029 Compensation 0 X 12 174818 Fair market value 0 1 0 Part I, Column (b): The number of contributors represents the number of contributions received. 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 Controller, VP Finance & Operations, Treasurer (Chair of the Finance and Property Committee), the Chair of the Audit Committee, and the Assistant Treasurer. 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 and the process was last completed during the tax year with the hiring of the new President. The Committee reviews market data as to compensation levels for comparable positions at similar organizations, and it maintains minutes of its meetings. 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 Board 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 (1) Charitable Remainder Unitrust PA T 0 Perpetual Trusts (1) Perpetual Trust PA T 0 Perpetual Trusts (1) Perpetual Trust CT T 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0