WILKES UNIVERSITY: Form 990, tax year 2014
View the entire original 990 at ProPublica ↗
- Organization
- WILKES UNIVERSITY (EIN 24-0795506)
- Tax period
- 2014-06-01 to 2015-05-31
- Filed
- 2016-03-29
- IRS object ID
- 201620899349300602
- Schema version
- 2014v6.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule E
- Schedule F
- Schedule G
- Schedule I
- Schedule J
- Schedule K
- Schedule L
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2016-03-29T07:16:14-05:00 | ReturnTs |
| Tax Period End | 2015-05-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 390859910 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BAKER TILLY VIRCHOW KRAUSE LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 46 PUBLIC SQUARE SUITE 400 | AddressLine1Txt |
| City | WILKESBARRE | CityNm |
| State Abbreviation | PA | StateAbbreviationCd |
| ZIP | 18701 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2014-06-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 240795506 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | WILKES UNIVERSITY | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | WILK | BusinessNameControlTxt |
| Phone | 5704084500 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 84 WEST SOUTH STREET | AddressLine1Txt |
| City | WILKES BARRE | CityNm |
| State Abbreviation | PA | StateAbbreviationCd |
| ZIP | 18766 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | LOREN D PRESCOTT JR | PersonNm |
| Person Title | VICE PRESIDENT OF FINANCE | PersonTitleTxt |
| Phone | 5704084500 | PhoneNum |
| Signature | 2016-03-21 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | JULIUS GREEN CPA | PreparerPersonNm |
| PTIN | P00350393 | PTIN |
| Phone | 5708200100 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2014 | TaxYr |
| Build TS | 2016-08-17 19:52:53Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | PRESIDENT PATRICK LEAHY | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 84 WEST SOUTH ST | AddressLine1Txt |
| City | WILKES BARRE | CityNm |
| State Abbreviation | PA | StateAbbreviationCd |
| ZIP | 18766 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $122,742,567 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.WILKES.EDU | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1933 | FormationYr |
| Legal Domicile State | PA | LegalDomicileStateCd |
| Activity Or Mission | TO EDUCATE THROUGH A COMMITMENT TO ATTENTION, EXCEPTIONAL TEACHING AND ACADEMIC EXCELLENCE. | ActivityOrMissionDesc |
| Voting Members Governing Body | 30 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 29 | VotingMembersIndependentCnt |
| Total Employee | 1841 | TotalEmployeeCnt |
| Total Volunteers | 300 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $4,830,767 | PYContributionsGrantsAmt |
| CY Contributions Grants | $6,008,875 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $105,585,785 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $108,315,859 | CYProgramServiceRevenueAmt |
| PY Investment Income | $3,737,842 | PYInvestmentIncomeAmt |
| CY Investment Income | $3,546,109 | CYInvestmentIncomeAmt |
| PY Other Revenue | $2,492,225 | PYOtherRevenueAmt |
| CY Other Revenue | $2,323,099 | CYOtherRevenueAmt |
| PY Total Revenue | $116,646,619 | PYTotalRevenueAmt |
| CY Total Revenue | $120,193,942 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $29,820,503 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $31,235,249 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $45,713,027 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $50,599,289 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $1,442,574 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $33,063,320 | PYOtherExpensesAmt |
| CY Other Expenses | $33,322,309 | CYOtherExpensesAmt |
| PY Total Expenses | $108,596,850 | PYTotalExpensesAmt |
| CY Total Expenses | $115,156,847 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $8,049,769 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $5,037,095 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $201,023,202 | TotalAssetsBOYAmt |
| Total Assets EOY | $201,180,987 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $97,065,749 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $94,944,504 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $103,957,453 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $106,236,483 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | PLEASE SEE SCHEDULE O FOR DETAIL.TO CONTINUE THE WILKES TRADITION OF LIBERALLY EDUCATING OUR STUDENTS FOR LIFELONG LEARNING AND SUCCESS IN A CONSTANTLY EVOLVING AND MULTICULTURAL WORLD THROUGH A COMMITMENT TO INDIVIDUALIZED ATTENTION, EXCEPTIONAL TEACHING, SCHOLARSHIP AND ACADEMIC EXCELLENCE, WHILE CONTINUNING THE UNIVERSITY'S COMMITMENT TO COMMUNITY ENGAGEMENT. | MissionDesc |
| Significant New Program Srvc | Yes (1) | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $34,239,981 | ExpenseAmt |
| Revenue | $96,370,763 | RevenueAmt |
| Desc | INSTRUCTION INCLUDES ALL EXPENDITURES FOR ACTIVITIES THAT ARE PART OF THE INSTITUION'S INSTRUCTIONAL PROGRAMS. THIS INCLUDES CREDIT AND NON-CREDIT COURSES, ACADEMIC, VOCATIONAL, AND TECHNICAL INSTRUCTION. THE UNIVERSITY OFFERS 44 UNDERGRADUATE MAJORS, 13 GRADUATE PROGRAMS AND SEVERAL PRE-PROFESSIONAL PROGRAMS. ENROLLMENT INCLUDES 2,217 FULL-TIME UNDERGRADUATE STUDENTS FROM OVER 20 STATES AND 11 FOREIGN COUNTIRES. CLASS SIZES ARE KEPT SMALL TO ENABLE GREATER ACCESS TO PROFESSORS AND MORE INDIVIUALIZED ATTENTION IN THE CLASSROOM. UNDERGRADUATE FRESHMAN CLASS SIZES AVERAGE 24 STUDENTS WITH 20 STUDENTS FOR UPPER LEVEL CLASSES. WILKES IS DEDICATED TO BEING A LEADER IN HIGHER EDUCATION THROUGHOUT THE NORTHEASTERN UNITED STATES AND IS DEDICATED TO ACADEMIC EXCELLENCE THROUGH MENTORING. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $33,780,485 | ExpenseAmt |
| Grant | $31,235,249 | GrantAmt |
| Desc | SCHOLARSHIP- INCLUDES EXPENDITURES FOR GENERAL, NEED BASED, AND ENDOWMENT SCHOLARSHIPS AND FELLOWSHIPS FROM RESTRICTED OR UNRESTRICTED CURRENT FUNDS IN THE FORM OF GRANTS TO STUDENTS, RESULTING FROM SELECTION BY DIVISION OF ENROLLMENT MANAGEMENT. AT LEAST 90% OF STUDENTS RECEIVED SOME FORM OF FINANCIAL AID. GRANTS AWARDED INCLUDE PENNSYLVANIA STATE GRANTS (PHEAA), SEOG SCHOLARSHIPS, AND WILKES NEED BASED GRANTS. ALSO INCLUDED IS TUITION REMISSION FOR OTHER LOCAL COLLEGES AND PROGRAMS. | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $10,318,493 | ExpenseAmt |
| Revenue | $11,945,096 | RevenueAmt |
| Desc | STUDENT SERVICES INCLUDES FUNDS EXPENDED FOR ACTIVITIES WITH THE PRIMARY PURPOSE OF CONTRIBUTING TO THE STUDENTS' EMOTIONAL AND PHYSICAL WELL-BEING AND INTELLECTUAL, CULTURAL, AND SOCIAL DEVELOPMENT OUTSIDE THE CONTEXT OF THE FORMAL INSTRUCTION PROGRAM. WILKES CLASSIFIES THE FOLLOWING OFFICES INTO THIS PROGRAM: OFFICES OF ENROLLMENT SERVICES (ADMISSIONS), REGISTRAR, FINANCIAL AID ADMINISTRATION, CAREER SERVICES, AND HEALTH AND WELLNESS SERVICES. IN ADDITION, EXPENDITURES FOR STUDENT ACTIVITIES, CULTURAL EVENTS, INTRAMURAL AND INTERCOLLEGIATE ATHLETICS, FRESHMAN ORIENTATION, AND STUDENT CLUBS AND ORGANIZATIONS ARE CONSIDERED STUDENT SERVICES FOR FINANCIAL STATEMENT PURPOSES. | Desc |
Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp (3 entries)
| ExpenseExpenseAmt | DescDesc |
|---|---|
| $10,149,020 | ACADEMIC SUPPORT INCLUDES FUNDS EXPENDED TO PROVIDE SUPPORT SERVICES FOR THE INSTITUTION'S PRIMARY MISSION OF INSTRUCTION, RESEARCH, AND PUBLIC SERVICE. THE ACADEMIC ADMINISTRATION OF THE UNIVERSITY INCLUDING THE ACADEMIC DEANS BUT NOT DEPARTMENT CHAIRS THAT ARE CHARGED TO THEIR PRIMARY FUNCTION CATEGORY ARE FOUND IN THIS PROGRAM. ALL SALARIES, BENEFITS, AND OTHER EXPENSES FOR THE LIBRARY ARE ALSO CONSIDERED ACADEMIC SUPPORT. |
| $914,918 | RESEARCH INCLUDES ALL EXPENDITURES FOR ACTIVITIES SPECIFICALLY ORGANIZED TO PRODUCE RESEARCH, WHETHER COMMISSIONED BY AN AGENCY EXTERNAL TO THE INSTITUTION OR SEPARATELY BUDGETED WITHIN THE UNIVERSITY. CHARGED TO THIS PROGRAM ARE EXPENDITURES RELATED TO THE INSTITUTE FOR PUBLIC POLICY AND ECONOMIC DEVELOPMENT, A PARTNERSHIP AMONG SEVERAL LOCAL COLLEGES WITH THE FUNCTION OF PRODUCING RESEARCH TO ASSIST COMMUNITY LEADERS IN MAKING INFORMED DECISIONS. IN ADDITION TO THIS, THE EXPENSES OF SEVERAL RESEARCH GRANTS ARE RECORDED TO THE RESEARCH CLASSIFICATION. |
| $727,421 | PUBLIC SERVICE INCLUDES FUNDS EXPENDED FOR ACTIVITIES ESTABLISHED PRIMARILY TO PROVIDE NON-INSTRUCTIONAL SERVICES BENEFICIAL TO INDIVIDUALS AND GROUPS EXTERNAL TO THE UNIVERSITY. THE EXPENSES OF THE SMALL BUSINESS DEVELOPMENT CENTER, RADIO AND TELEVISION STUDIOS AND SEVERAL COMMUNITY LECTURE SERIES ARE AMONG THOSE POSTED TO THIS PROGRAM. |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Prog Srvc Expense | $11,791,359 | TotalOtherProgSrvcExpenseAmt |
| Total Program Service Expenses | $90,130,318 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | Yes (1) | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Temp Or Permanent Endowments | Yes (1) | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | Yes (1) | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (1) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | Yes (1) | SchoolOperatingInd |
| Foreign Office | Yes (1) | ForeignOfficeInd |
| Foreign Activities | Yes (1) | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | Yes (1) | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (1) | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | Yes (1) | TaxExemptBondsInd |
| Invest Tax Exempt Bonds | 0 | InvestTaxExemptBondsInd |
| Escrow Account | 0 | EscrowAccountInd |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuerInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | Yes (1) | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | Yes (1) | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | Yes (1) | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 6629 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 1841 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | Yes (1) | QuidProQuoContributionsInd |
| Quid Pro Quo Contri Discl | Yes (1) | QuidProQuoContriDisclInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 30 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 29 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | PA | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | JANET KOBYLSKI CONTROLLER | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 5704084501 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 84 WEST SOUTH STREET | AddressLine1Txt |
| City | WILKES BARRE | CityNm |
| State Abbreviation | PA | StateAbbreviationCd |
| ZIP | 18766 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (46 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | Key EmployeeKeyEmployeeInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd | Former Ofcr Director TrusteeFormerOfcrDirectorTrusteeInd |
|---|---|---|---|---|---|---|---|---|---|
| PATRICK LEAHY | |||||||||
| PRESIDENT | 75.00 | Yes (X) | $347,066 | $0 | $42,444 | ||||
| MICHAEL SPEZIALE | |||||||||
| VP OF STRATEGIC INITIATIVE | 50.00 | Yes (X) | $170,652 | $0 | $13,992 | ||||
| LOREN PRESCOTT | |||||||||
| VP, FINANCE/GENERAL COUNSEL | 60.00 | Yes (X) | $235,267 | $0 | $23,942 | ||||
| TERESE WIGNOT | |||||||||
| PROVOST (INTERIM) | 60.00 | Yes (X) | $155,471 | $0 | $21,019 | ||||
| PAUL ADAMS | |||||||||
| VP, STUDENT AFFAIRS | 50.00 | Yes (X) | $145,200 | $0 | $24,312 | ||||
| MICHAEL WOOD | |||||||||
| VP, ADVANCEMENT | 50.00 | Yes (X) | $164,768 | $0 | $35,543 | ||||
| MELANIE WADE | |||||||||
| VP, ENROLLMENT SERVICES | 50.00 | Yes (X) | $144,767 | $0 | $11,956 | ||||
| ANNE SKLEDER | |||||||||
| SENIOR VP/PROVOST | 60.00 | Yes (X) | $125,650 | $0 | $30,446 | ||||
| DANIEL CARDELL | |||||||||
| TRUSTEE, CHAIR | 11.00 | Yes (X) | $0 | $0 | $0 | Yes (X) | |||
| CHRIS HACKETT | |||||||||
| TRUSTEE, VICE CHAIR | 7.00 | Yes (X) | $0 | $0 | $0 | Yes (X) | |||
| JENNIE SIKES | |||||||||
| TRUSTEE, TREASURER/ASST SE | 9.00 | Yes (X) | $0 | $0 | $0 | Yes (X) | |||
| DAN KLEM | |||||||||
| TRUSTEE, SECRETARY/ASST TR | 10.00 | Yes (X) | $0 | $0 | $0 | Yes (X) | |||
| LAURA CARDINALE | |||||||||
| TRUSTEE | 7.00 | $0 | $0 | $0 | Yes (X) | ||||
| TERRY CASEY | |||||||||
| TRUSTEE | 2.00 | $0 | $0 | $0 | Yes (X) | ||||
| CHARLES F COHEN | |||||||||
| TRUSTEE | 7.00 | $0 | $0 | $0 | Yes (X) | ||||
| JEFF DAVIDOWITZ | |||||||||
| TRUSTEE | 7.00 | $0 | $0 | $0 | Yes (X) | ||||
| JASON GRIGGS | |||||||||
| TRUSTEE | 8.00 | $0 | $0 | $0 | Yes (X) | ||||
| JOHN KERR | |||||||||
| TRUSTEE | 3.00 | $0 | $0 | $0 | Yes (X) | ||||
| MILAN S KIRBY | |||||||||
| TRUSTEE | 3.00 | $0 | $0 | $0 | Yes (X) | ||||
| GEORGE MATZ | |||||||||
| TRUSTEE | 3.00 | $0 | $0 | $0 | Yes (X) | ||||
| WILLIAM R MILLER | |||||||||
| TRUSTEE | 4.00 | $0 | $0 | $0 | Yes (X) | ||||
| JOHN MILLER | |||||||||
| TRUSTEE | 6.00 | $0 | $0 | $0 | Yes (X) | ||||
| GEORGE PAWLUSH | |||||||||
| TRUSTEE | 4.00 | $0 | $0 | $0 | Yes (X) | ||||
| HEDY RITTENMEYER | |||||||||
| TRUSTEE | 7.00 | $0 | $0 | $0 | Yes (X) | ||||
| STEVEN ROTH | |||||||||
| TRUSTEE | 3.00 | $0 | $0 | $0 | Yes (X) | ||||
| ELIZABETH SLAUGHTER | |||||||||
| TRUSTEE | 3.00 | $0 | $0 | $0 | Yes (X) | ||||
| MATTHEW SORDONI | |||||||||
| TRUSTEE | 4.00 | $0 | $0 | $0 | Yes (X) | ||||
| THOMAS RALSTON | |||||||||
| TRUSTEE | 3.00 | $0 | $0 | $0 | Yes (X) | ||||
| RANDY MARK | |||||||||
| TRUSTEE | 3.00 | $0 | $0 | $0 | Yes (X) | ||||
| MICHAEL BREWSTER | |||||||||
| TRUSTEE | 2.00 | $0 | $0 | $0 | Yes (X) | ||||
| CINDY CHARNETSKI | |||||||||
| TRUSTEE | 2.00 | $0 | $0 | $0 | Yes (X) | ||||
| RANDA FAHMY HUDOME | |||||||||
| TRUSTEE | 3.00 | $0 | $0 | $0 | Yes (X) | ||||
| CAROL KEUP | |||||||||
| TRUSTEE | 2.00 | $0 | $0 | $0 | Yes (X) | ||||
| DOROTHY DARLING MANGLESDORF | |||||||||
| TRUSTEE | 2.00 | $0 | $0 | $0 | Yes (X) | ||||
| MELANIE MASLOW | |||||||||
| TRUSTEE | 2.00 | $0 | $0 | $0 | Yes (X) | ||||
| DOUG STRAUB | |||||||||
| TRUSTEE | 3.00 | $0 | $0 | $0 | Yes (X) | ||||
| DAVID HADLEY | |||||||||
| TRUSTEE | 1.00 | $0 | $0 | $0 | Yes (X) | ||||
| WILLIAM HANBURY | |||||||||
| TRUSTEE | 1.00 | $0 | $0 | $0 | Yes (X) | ||||
| BERNARD GRAHAM | |||||||||
| DEAN PHARMACY SCHOOL | 50.00 | $198,196 | $0 | $24,770 | Yes (X) | ||||
| JEFFREY ALVES | |||||||||
| DEAN BUSINESS SCHOOL | 50.00 | $163,351 | $0 | $22,177 | Yes (X) | ||||
| JOHN STACHACZ | |||||||||
| DEAN LIBRARY AND IT | 50.00 | $150,770 | $0 | $21,938 | Yes (X) | ||||
| TERI OOMS | |||||||||
| EXEC DIRECTOR JOINT URBAN STUDIES | 50.00 | $153,033 | $0 | $11,558 | Yes (X) | ||||
| THOMAS BALDINO | |||||||||
| INTERIM DEAN CAHSS | 50.00 | $147,575 | $0 | $21,680 | Yes (X) | ||||
| LINDA WINKLER | |||||||||
| PROFESSOR, ANTHROPOLOGY | 50.00 | $148,329 | $0 | $16,220 | Yes (X) | ||||
| MARY KROPIEWNICKI | |||||||||
| ASSOCIATE PROFESSOR/CHAIR | 50.00 | $144,345 | $0 | $13,507 | Yes (X) | ||||
| DALE BRUNS | |||||||||
| FORMER KEY EMPLOYEE - PROFESSOR | 50.00 | $132,608 | $0 | $19,199 | Yes (X) | ||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $2,727,048 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $354,703 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 69 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | Yes (1) | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| SODEXO INC & AFFILIATES | |||||
| 9801 WASHINGTONIAN BLVD | GAITHERSBURG | MD | 20878 | FOOD SERVICE | $3,547,604 |
| ELLUCIAN COMPANY LP | |||||
| 62590 COLLECTIONS CENTER DRIVE | CHICAGO | IL | 60693 | COMPUTER MGMT SERVICES | $1,322,735 |
| LEARNING SCIENCES INTERNATIONAL | |||||
| 175 CORNELL ROAD | BLAIRSVILLE | PA | 15717 | GRADUATE COURSE PROVIDER | $836,415 |
| 160 OVER 90 | |||||
| 1 SOUTH BROAD STREET 10TH FLOOR | PHILADELPHIA | PA | 19107 | MARKETING SERVICES | $481,606 |
| DISCOVERY EDUCATION INC | |||||
| ONE DISCOVERY PLACE | SILVER SPRINGS | MD | 20910 | GRADUATE COURSE PROVIDER | $473,396 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 12 | CntrctRcvdGreaterThan100KCnt |
| Fundraising | $558,155 | FundraisingAmt |
| Government Grants | $3,105,129 | GovernmentGrantsAmt |
| All Other Contributions | $2,345,591 | AllOtherContributionsAmt |
| Noncash Contributions | $8,121 | NoncashContributionsAmt |
| Total Contributions | $6,008,875 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| TUITION AND FEES | 900099 | $96,370,763 | $96,370,763 |
| AUXILIARY ACTIVITIES- SALES AND S | 900099 | $11,945,096 | $11,945,096 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $108,315,859 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,483,577 | TotalRevenueColumnAmt |
| Exclusion | $1,483,577 | ExclusionAmt |
Royalties Revenue RoyaltiesRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $117,000 | TotalRevenueColumnAmt |
| Exclusion | $117,000 | ExclusionAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $51,180 | RealAmt |
Less Rental Expenses LessRentalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $40,550 | RealAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $10,630 | RealAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $10,630 | TotalRevenueColumnAmt |
| Exclusion | $10,630 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $4,328,897 | SecuritiesAmt |
| Other | $24,978 | OtherAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $2,003,126 | SecuritiesAmt |
| Other | $288,217 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $2,325,771 | SecuritiesAmt |
| Other | -$263,239 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $2,062,532 | TotalRevenueColumnAmt |
| Exclusion | $2,062,532 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fundraising Gross Income | $73,427 | FundraisingGrossIncomeAmt |
| Contri Rpt Fundraising Event | $558,155 | ContriRptFundraisingEventAmt |
| Fundraising Direct Expenses | $216,732 | FundraisingDirectExpensesAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$143,305 | TotalRevenueColumnAmt |
| Exclusion | -$143,305 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | ExclusionExclusionAmt |
|---|---|---|---|
| ENDOWMENT DRAWDOWNS | 900099 | $1,636,500 | $1,636,500 |
| MISCELLANEOUS | 900099 | $167,545 | $167,545 |
| TEAM PROGRAM REVENUE | 900099 | $142,693 | $142,693 |
Miscellaneous Revenue MiscellaneousRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $392,036 | TotalRevenueColumnAmt |
| Exclusion | $392,036 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $2,338,774 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $120,193,942 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $108,315,859 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $5,869,208 | ExclusionAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $31,235,249 | TotalAmt |
| Program Services | $31,235,249 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,287,564 | TotalAmt |
| Program Services | $432,784 | ProgramServicesAmt |
| Management And General | $1,854,780 | ManagementAndGeneralAmt |
Comp Disqual Persons CompDisqualPersonsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $151,807 | TotalAmt |
| Management And General | $151,807 | ManagementAndGeneralAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $37,449,814 | TotalAmt |
| Program Services | $29,861,761 | ProgramServicesAmt |
| Management And General | $6,803,482 | ManagementAndGeneralAmt |
| Fundraising | $784,571 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,077,211 | TotalAmt |
| Program Services | $1,594,614 | ProgramServicesAmt |
| Management And General | $440,718 | ManagementAndGeneralAmt |
| Fundraising | $41,879 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,660,563 | TotalAmt |
| Program Services | $4,631,979 | ProgramServicesAmt |
| Management And General | $974,033 | ManagementAndGeneralAmt |
| Fundraising | $54,551 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,972,330 | TotalAmt |
| Program Services | $2,226,590 | ProgramServicesAmt |
| Management And General | $687,699 | ManagementAndGeneralAmt |
| Fundraising | $58,041 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $139,936 | TotalAmt |
| Management And General | $139,936 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $89,150 | TotalAmt |
| Management And General | $89,150 | ManagementAndGeneralAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $251,154 | TotalAmt |
| Program Services | $6,809 | ProgramServicesAmt |
| Management And General | $244,345 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $7,418,687 | TotalAmt |
| Program Services | $5,359,698 | ProgramServicesAmt |
| Management And General | $1,999,769 | ManagementAndGeneralAmt |
| Fundraising | $59,220 | FundraisingAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,202,173 | TotalAmt |
| Program Services | $213,012 | ProgramServicesAmt |
| Management And General | $977,673 | ManagementAndGeneralAmt |
| Fundraising | $11,488 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,093,938 | TotalAmt |
| Program Services | $1,266,135 | ProgramServicesAmt |
| Management And General | $1,729,823 | ManagementAndGeneralAmt |
| Fundraising | $97,980 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,516,739 | TotalAmt |
| Program Services | $317,945 | ProgramServicesAmt |
| Management And General | $1,191,794 | ManagementAndGeneralAmt |
| Fundraising | $7,000 | FundraisingAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,102,679 | TotalAmt |
| Program Services | $3,025,956 | ProgramServicesAmt |
| Management And General | $1,075,733 | ManagementAndGeneralAmt |
| Fundraising | $990 | FundraisingAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,185,800 | TotalAmt |
| Program Services | $1,089,134 | ProgramServicesAmt |
| Management And General | $54,613 | ManagementAndGeneralAmt |
| Fundraising | $42,053 | FundraisingAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $238,892 | TotalAmt |
| Program Services | $200,348 | ProgramServicesAmt |
| Management And General | $35,363 | ManagementAndGeneralAmt |
| Fundraising | $3,181 | FundraisingAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,656,296 | TotalAmt |
| Program Services | $2,122,013 | ProgramServicesAmt |
| Management And General | $1,534,283 | ManagementAndGeneralAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,230,922 | TotalAmt |
| Program Services | $3,035,882 | ProgramServicesAmt |
| Management And General | $2,195,040 | ManagementAndGeneralAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $406,095 | TotalAmt |
| Program Services | $406,095 | ProgramServicesAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| ENTERTAINMENT | $1,091,201 | $880,810 | $51,570 | $158,821 |
| PRINTING AND PUBLICATIO | $990,009 | $518,956 | $398,388 | $72,665 |
| EQUIPMENT MAINTENANCE | $766,266 | $175,515 | $557,147 | $33,604 |
| BAD DEBTS | $589,356 | $611,767 | -$22,411 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,353,016 | TotalAmt |
| Program Services | $917,266 | ProgramServicesAmt |
| Management And General | $396,809 | ManagementAndGeneralAmt |
| Fundraising | $38,941 | FundraisingAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $115,156,847 | TotalAmt |
| Program Services | $90,130,318 | ProgramServicesAmt |
| Management And General | $23,583,955 | ManagementAndGeneralAmt |
| Fundraising | $1,442,574 | FundraisingAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part X | Yes (X) | InfoInScheduleOPartXInd |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,602 | BOYAmt |
| EOY | $4,102 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $31,997,502 | BOYAmt |
| EOY | $32,080,013 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,131,365 | BOYAmt |
| EOY | $2,221,237 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,161,313 | BOYAmt |
| EOY | $889,534 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $456,611 | BOYAmt |
| EOY | $574,408 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $176,240,524 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $75,547,564 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $99,957,308 | BOYAmt |
| EOY | $100,692,960 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $42,653,632 | BOYAmt |
| EOY | $42,539,389 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $17,734,380 | BOYAmt |
| EOY | $17,499,862 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,215,858 | BOYAmt |
| EOY | $3,637,114 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $711,631 | BOYAmt |
| EOY | $1,042,368 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $201,023,202 | BOYAmt |
| EOY | $201,180,987 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $8,306,929 | BOYAmt |
| EOY | $8,142,054 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,704,428 | BOYAmt |
| EOY | $1,927,844 | EOYAmt |
Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $76,813,275 | BOYAmt |
| EOY | $75,754,187 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $10,241,117 | BOYAmt |
| EOY | $9,120,419 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $97,065,749 | BOYAmt |
| EOY | $94,944,504 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $59,837,038 | BOYAmt |
| EOY | $62,568,763 | EOYAmt |
Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $17,712,276 | BOYAmt |
| EOY | $16,805,278 | EOYAmt |
Permanently Rstr Net Assets PermanentlyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $26,408,139 | BOYAmt |
| EOY | $26,862,442 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $103,957,453 | BOYAmt |
| EOY | $106,236,483 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $201,023,202 | BOYAmt |
| EOY | $201,180,987 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $5,037,095 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | -$3,729,202 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | $971,137 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | Yes (1) | FederalGrantAuditRequiredInd |
| Federal Grant Audit Performed | Yes (1) | FederalGrantAuditPerformedInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School | Yes (X) | SchoolInd |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
Art Public Exhibition Amounts ArtPublicExhibitionAmountsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Assets Included | $1,447,000 | AssetsIncludedAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Collection Used Pub Exhibition | Yes (X) | CollectionUsedPubExhibitionInd |
| Solicited Assets Sale | 0 | SolicitedAssetsSaleInd |
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $43,729,478 | BeginningYearBalanceAmt |
| Contributions | $425,300 | ContributionsAmt |
| Investment Earnings Or Losses | $1,109,984 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $1,636,500 | GrantsOrScholarshipsAmt |
| Administrative Expenses | $217,995 | AdministrativeExpensesAmt |
| End Year Balance | $43,410,267 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $40,534,859 | BeginningYearBalanceAmt |
| Contributions | $366,481 | ContributionsAmt |
| Investment Earnings Or Losses | $4,714,391 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $1,675,800 | GrantsOrScholarshipsAmt |
| Administrative Expenses | $210,453 | AdministrativeExpensesAmt |
| End Year Balance | $43,729,478 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $35,737,685 | BeginningYearBalanceAmt |
| Contributions | $238,664 | ContributionsAmt |
| Investment Earnings Or Losses | $6,193,223 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $1,440,800 | GrantsOrScholarshipsAmt |
| Administrative Expenses | $193,913 | AdministrativeExpensesAmt |
| End Year Balance | $40,534,859 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $38,292,348 | BeginningYearBalanceAmt |
| Contributions | $229,858 | ContributionsAmt |
| Investment Earnings Or Losses | -$1,283,157 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $1,317,000 | GrantsOrScholarshipsAmt |
| Administrative Expenses | $184,364 | AdministrativeExpensesAmt |
| End Year Balance | $35,737,685 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $32,667,073 | BeginningYearBalanceAmt |
| Contributions | $551,885 | ContributionsAmt |
| Investment Earnings Or Losses | $6,619,932 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $1,363,000 | GrantsOrScholarshipsAmt |
| Administrative Expenses | $183,542 | AdministrativeExpensesAmt |
| End Year Balance | $38,292,348 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated Balance EOY | 0.26050 | BoardDesignatedBalanceEOYPct |
| Prmnnt Endowment Balance EOY | 0.44740 | PrmnntEndowmentBalanceEOYPct |
| Term Endowment Balance EOY | 0.29210 | TermEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | 0 | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | 0 | EndowmentsHeldRelatedOrgInd |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $5,426,186 | OtherCostOrOtherBasisAmt |
| Book Value | $5,426,186 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $140,044,761 | OtherCostOrOtherBasisAmt |
| Depreciation | $53,562,279 | DepreciationAmt |
| Book Value | $86,482,482 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $16,844,916 | OtherCostOrOtherBasisAmt |
| Depreciation | $12,689,530 | DepreciationAmt |
| Book Value | $4,155,386 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $13,924,661 | OtherCostOrOtherBasisAmt |
| Depreciation | $9,295,755 | DepreciationAmt |
| Book Value | $4,628,906 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $100,692,960 | TotalBookValueLandBuildingsAmt |
Other Securities OtherSecuritiesGrp (4 entries)
| DescDesc | Book ValueBookValueAmt | Method ValuationMethodValuationCd |
|---|---|---|
| BENEFICIAL INTEREST IN TRUSTS (BY OTHERS) | $7,449,723 | F |
| ALTERNATIVE INVESTMENTS | $6,036,048 | F |
| FUNDS HELD IN TRUST FOR OTHERS | $4,006,512 | F |
| REAL ESTATE INVESTMENT TRUST | $7,579 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Securities | $17,499,862 | TotalBookValueSecuritiesAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (5 entries)
| DescDesc | AmtAmt |
|---|---|
| DEPOSITS HELD IN CUSTODY | $111,482 |
| LIABILITY UNDER SPLIT INTEREST | $370,829 |
| INVESTMENTS HELD IN TRUST FOR OTHERS | $4,006,512 |
| ADVANCES FROM FEDERAL GOVERNMENT | $3,452,470 |
| POSTRETIREMENT BENEFITS | $1,179,126 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $9,120,419 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $86,226,964 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | -$3,729,202 | NetUnrealizedGainsInvstAmt |
| Other Revenue | $18,131 | OtherRevenueAmt |
| Revenue Not Reported | -$3,711,071 | RevenueNotReportedAmt |
| Revenue Subtotal | $89,938,035 | RevenueSubtotalAmt |
| Other Revenues Not Included | $30,255,907 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | $30,255,907 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $120,193,942 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $83,947,934 | TotExpnsEtcAuditedFinclStmtAmt |
| Other Expenses Included | $257,282 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $257,282 | ExpensesNotReportedAmt |
| Expenses Subtotal | $83,690,652 | ExpensesSubtotalAmt |
| Other Expenses Not Included | $31,466,195 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $31,466,195 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $115,156,847 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (7 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART III, LINE 4: | A COLLECTION OF ART WORK IS MAINTAINED BY THE UNIVERSITY PURELY FOR PUBLIC DISPLAY BOTH IN THE ART GALLERY AND ON CAMPUS. THEY ARE NOT HELD FOR SALE. |
| PART V, LINE 4: | THE INTENDED USE OF THE UNIVERSITY'S ENDOWMENT FUNDS IS TO FUND SCHOLARSHIPS AS WELL AS DEPARTMENTAL CHAIRS AND TO SUPPORT OPERATING EXPENSES. |
| PART X, LINE 2: | THE UNIVERSITY IS INCORPORATED IN THE COMMONWEALTH OF PENNSYLVANIA AS A NONPROFIT ORGANIZATION. THE UNIVERSITY HAS RECEIVED A DETERMINATION FROM THE INTERNAL REVENUE SERVICE THAT IT IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE UNIVERSITY AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF THE UNIVERSITY HAS TAKEN AN UNCERTAIN TAX POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UNDER EXAMINATION BY THE IRS. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE UNIVERSITY, AND HAS CONCLUDED THAT AS OF MAY 31, 2015, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE UNIVERSITY IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS, HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIOD IN PROGRESS. THE UNIVERSITY'S FORM 990, RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX FOR THE YEARS ENDED MAY 31,2012 THROUGH MAY 31,2015 REMAIN SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE. |
| PART XI, LINE 2D - OTHER ADJUSTMENTS: | CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 18,131. |
| PART XI, LINE 4B - OTHER ADJUSTMENTS: | SCHOLARSHIP AID 30,282,243. INVESTMENT EXPENSE 230,946. SPECIAL EVENTS -216,732. RENTAL EXPENSES -40,550. |
| PART XII, LINE 2D - OTHER ADJUSTMENTS: | SPECIAL EVENTS 216,732. RENTAL EXPENSES 40,550. |
| PART XII, LINE 4B - OTHER ADJUSTMENTS: | SCHOLARSHIP AID 30,282,243. STUDENT LOANS DISBURSED 953,006. INVESTMENT EXPENSE 230,946. |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | Yes (1) | NondiscriminatoryPolicyStmtInd |
| Policy Stmt In Brochures Etc | Yes (1) | PolicyStmtInBrochuresEtcInd |
| Plcy Pblczd Via Broadcast Media | Yes (1) | PlcyPblczdViaBroadcastMediaInd |
| Maintain Racial Comp Recs | Yes (1) | MaintainRacialCompRecsInd |
| Maintain Scholarships Recs | Yes (1) | MaintainScholarshipsRecsInd |
| Maintain Cpy Of Brochures Etc | Yes (1) | MaintainCpyOfBrochuresEtcInd |
| Maintain Cpy Of All Sol | Yes (1) | MaintainCpyOfAllSolInd |
| Discriminate Race Stdnts Rghts | 0 | DiscriminateRaceStdntsRghtsInd |
| Discriminate Race Admiss Plcy | 0 | DiscriminateRaceAdmissPlcyInd |
| Discriminate Race Emplm Fculty | 0 | DiscriminateRaceEmplmFcultyInd |
| Discriminate Race Schs | 0 | DiscriminateRaceSchsInd |
| Discriminate Race Educ Plcy | 0 | DiscriminateRaceEducPlcyInd |
| Discriminate Race Use Of Fclts | 0 | DiscriminateRaceUseOfFcltsInd |
| Discriminate Race Athlt Prog | 0 | DiscriminateRaceAthltProgInd |
| Discriminate Race Other Acty | 0 | DiscriminateRaceOtherActyInd |
| Government Financial Aid Rcvd | Yes (1) | GovernmentFinancialAidRcvdInd |
| Government Financial Aid Rvkd | 0 | GovernmentFinancialAidRvkdInd |
| Compliance With Rev Proc7550 | Yes (1) | ComplianceWithRevProc7550Ind |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| SCHEDULE E, PART I, LINE 3 | ALL PUBLICATIONS IN THE AREAS OF RECRUITMENT PUBLICIZE THE UNIVERSITY'S NON-DISCRIMINATORY POLICY. |
| SCHEDULE E, PART I, LINE 6 | THE ORGANIZATION RECEIVED ASSISTANCE THROUGH THE FOLLOWING: LOAN PROGRAMS (PERKINS AND NURSING), SEOG, COLLEGE WORK STUDY, IAG (INSTITUTIONAL ASSISTANCE GRANT), PELL GRANT, MISCELLANEOUS NEED-BASED PHEAA GRANTS, NATIONAL GUARD AWARDS, AND PRIVATE SCHOLARSHIPS (ROTC PROGRAM). |
Schedule F IRS990ScheduleF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Account Activities Outside US AccountActivitiesOutsideUSGrp (14 entries)
| RegionRegionTxt | OfficesOfficesCnt | EmployeeEmployeeCnt | Type Of Activities ConductedTypeOfActivitiesConductedTxt | Specific Services ProvidedSpecificServicesProvidedTxt | Region Total ExpendituresRegionTotalExpendituresAmt |
|---|---|---|---|---|---|
| EUROPE | 0 | 0 | PROGRAM SERVICES | PROFESSIONAL DEVELOPMENT, GRANT RESEARCH | $6,877 |
| EAST ASIA AND THE PACIFIC | 0 | 0 | PROGRAM SERVICES | RECRUITMENT, GRANT RESEARCH | $47,735 |
| SUB SAHARAN AFRICA | 0 | 0 | PROGRAM SERVICES | STUDY ABROAD | $2,689 |
| EUROPE | 0 | 0 | INVESTMENTS - ALTERNATIVE INVESTMENTS | $438,749 | |
| CENTRAL AMERICA/ CARIBBEAN | 0 | 0 | INVESTMENTS - ALTERNATIVE INVESTMENTS | $2,998,737 | |
| NORTH AMERICA | 0 | 0 | INVESTMENTS - ALTERNATIVE INVESTMENTS | $58,188 | |
| SUB-SAHARAN AFRICA | 0 | 0 | INVESTMENTS - ALTERNATIVE INVESTMENTS | $31,195 | |
| EAST ASIA AND THE PACIFIC | 0 | 0 | INVESTMENTS - ALTERNATIVE INVESTMENTS | $26,558 | |
| SOUTH AMERICA | 0 | 0 | PROGRAM SERVICES | STUDY ABROAD | $100 |
| SOUTH ASIA | 0 | 0 | PROGRAM SERVICES | EDUCATION | $378 |
| SOUTH ASIA | 0 | 1 | PROGRAM SERVICES | EDUCATION | $1,250 |
| EAST ASIA AND THE PACIFIC | 0 | 1 | PROGRAM SERVICES | RECRUITMENT | $1,875 |
| MIDDLE EAST AND NORTH AFRICA | 0 | 1 | PROGRAM SERVICES | RECRUITMENT | $12,500 |
| NORTH AMERICA | 0 | 0 | PROGRAM SERVICES | PROFESSIONAL DEVELOPMENT | $3,256 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Offices | 0 | SubtotalOfficesCnt |
| Subtotal Employees | 0 | SubtotalEmployeesCnt |
| Continutation Total Office | 0 | ContinutationTotalOfficeCnt |
| Continutation Total Employee | 3 | ContinutationTotalEmployeeCnt |
| Total Office | 0 | TotalOfficeCnt |
| Total Employee | 3 | TotalEmployeeCnt |
| Subtotal Spent | $3,610,728 | SubtotalSpentAmt |
| Continuation Spent | $19,359 | ContinuationSpentAmt |
| Total Spent | $3,630,087 | TotalSpentAmt |
| Transfer To Foreign Corp | 0 | TransferToForeignCorpInd |
| Interest In Foreign Trust | 0 | InterestInForeignTrustInd |
| Foreign Corp Ownership | 0 | ForeignCorpOwnershipInd |
| Passive Foreign Investmest Co | 0 | PassiveForeignInvestmestCoInd |
| Foreign Partnership | 0 | ForeignPartnershipInd |
| Boycott Countries | 0 | BoycottCountriesInd |
Schedule G IRS990ScheduleG
Fundraising Event Information FundraisingEventInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Event1 | FOUNDER'S GALA | Event1Nm |
| Gross Receipts Event1 | $582,970 | GrossReceiptsEvent1Amt |
| Charitable Contri Event1 | $535,395 | CharitableContriEvent1Amt |
| Gross Revenue Event1 | $47,575 | GrossRevenueEvent1Amt |
| Non Cash Prizes Event1 | $2,703 | NonCashPrizesEvent1Amt |
| Food And Beverage Event1 | $101,112 | FoodAndBeverageEvent1Amt |
| Entertainment Event1 | $23,253 | EntertainmentEvent1Amt |
| Other Direct Expenses Event1 | $73,572 | OtherDirectExpensesEvent1Amt |
| Event2 | CHWALEK GOLF TOURNAMENT | Event2Nm |
| Gross Receipts Event2 | $20,000 | GrossReceiptsEvent2Amt |
| Charitable Contri Event2 | $11,325 | CharitableContriEvent2Amt |
| Gross Revenue Event2 | $8,675 | GrossRevenueEvent2Amt |
| Non Cash Prizes Event2 | $1,875 | NonCashPrizesEvent2Amt |
| Food And Beverage Event2 | $6,441 | FoodAndBeverageEvent2Amt |
| Other Direct Expenses Event2 | $637 | OtherDirectExpensesEvent2Amt |
| Gross Receipts Other Events | $28,612 | GrossReceiptsOtherEventsAmt |
| Charitable Contri Other Events | $11,435 | CharitableContriOtherEventsAmt |
| Gross Revenue Other Events | $17,177 | GrossRevenueOtherEventsAmt |
| Food And Beverage Other Events | $1,786 | FoodAndBeverageOtherEventsAmt |
| Oth Direct Expnss Other Events | $5,353 | OthDirectExpnssOtherEventsAmt |
| Gross Receipts Total | $631,582 | GrossReceiptsTotalAmt |
| Charitable Contributions Tot | $558,155 | CharitableContributionsTotAmt |
| Gross Revenue Total Events | $73,427 | GrossRevenueTotalEventsAmt |
| Non Cash Prizes Total Events | $4,578 | NonCashPrizesTotalEventsAmt |
| Food And Beverage Total Events | $109,339 | FoodAndBeverageTotalEventsAmt |
| Entertainment Total Events | $23,253 | EntertainmentTotalEventsAmt |
| Oth Direct Expnss Total Events | $79,562 | OthDirectExpnssTotalEventsAmt |
| Direct Expense Summary Events | $216,732 | DirectExpenseSummaryEventsAmt |
| Net Income Summary | -$143,305 | NetIncomeSummaryAmt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp (5 entries)
| Grant TypeGrantTypeTxt | RecipientRecipientCnt | Cash GrantCashGrantAmt |
|---|---|---|
| NAMED SCHOLARSHIPS | 307 | $1,375,595 |
| NEED BASED GRANTS AND SCHOLARSHIPS | 1397 | $8,845,261 |
| OTHER SCHOLARSHIPS | 2011 | $18,639,418 |
| REMISSIONS - UPWARD BOUND ETC | 373 | $1,421,969 |
| STUDENT LOANS DISBURSED | 478 | $953,006 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 2: | FormAndLineReferenceDesc |
| Explanation | WILKES UNIVERSITY MAINTAINS A COMPREHENSIVE PROGRAM OF FINANCIAL AID TO ASSIST STUDENTS IN THE FINANCING OF THEIR EDUCATIONAL PROGRAMS. THE UNIVERSITY AWARDS BOTH MERIT SCHOLARSHIPS AND NEED-BASED GRANTS TO UNDERGRADUATE AND GRADUATE STUDENTS. UNDERGRADUATE MERIT AWARDS ARE BASED ON HIGH SCHOOL ACHIEVEMENT INCLUDING SAT SCORES AND HIGH SCHOOL CLASS RANK. STUDENTS MUST COMPLETE THE FREE APPLICATION FOR FEDERAL STUDENT AID TO HAVE THEIR ELIGIBILITY FOR NEED-BASED AID DETERMINED. GRADUATE SCHOLARSHIPS ARE AWARDED TO STUDENTS ENROLLED IN THE DISTANT EDUCATION PROGRAM. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Housing Allowance Or Residence | Yes (X) | HousingAllowanceOrResidenceInd |
| Club Dues Or Fees | Yes (X) | ClubDuesOrFeesInd |
| Written Policy Ref T And E Expnss | Yes (1) | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | Yes (1) | SubstantiationRequiredInd |
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | 0 | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (16 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| PATRICK LEAHY | ||||||||||||||
| PRESIDENT | $344,606 | $0 | $0 | $0 | $2,460 | $0 | $24,000 | $0 | $18,444 | $0 | $389,510 | $0 | $0 | $0 |
| MICHAEL SPEZIALE | ||||||||||||||
| VP OF STRATEGIC INITIATIVE | $167,303 | $0 | $0 | $0 | $3,349 | $0 | $13,435 | $0 | $557 | $0 | $184,644 | $0 | $0 | $0 |
| LOREN PRESCOTT | ||||||||||||||
| VP, FINANCE/GENERAL COUNSEL | $205,777 | $0 | $25,000 | $0 | $4,490 | $0 | $16,747 | $0 | $7,195 | $0 | $259,209 | $0 | $0 | $0 |
| TERESE WIGNOT | ||||||||||||||
| PROVOST (INTERIM) | $155,293 | $0 | $0 | $0 | $178 | $0 | $12,799 | $0 | $8,220 | $0 | $176,490 | $0 | $0 | $0 |
| PAUL ADAMS | ||||||||||||||
| VP, STUDENT AFFAIRS | $143,860 | $0 | $0 | $0 | $1,340 | $0 | $12,160 | $0 | $12,152 | $0 | $169,512 | $0 | $0 | $0 |
| MICHAEL WOOD | ||||||||||||||
| VP, ADVANCEMENT | $160,677 | $0 | $0 | $0 | $4,091 | $0 | $13,442 | $0 | $22,101 | $0 | $200,311 | $0 | $0 | $0 |
| MELANIE WADE | ||||||||||||||
| VP, ENROLLMENT SERVICES | $143,501 | $0 | $0 | $0 | $1,266 | $0 | $11,509 | $0 | $447 | $0 | $156,723 | $0 | $0 | $0 |
| ANNE SKLEDER | ||||||||||||||
| SENIOR VP/PROVOST | $125,466 | $0 | $0 | $0 | $184 | $0 | $0 | $0 | $30,446 | $0 | $156,096 | $0 | $0 | $0 |
| BERNARD GRAHAM | ||||||||||||||
| DEAN PHARMACY SCHOOL | $182,402 | $0 | $0 | $0 | $15,794 | $0 | $15,159 | $0 | $9,611 | $0 | $222,966 | $0 | $0 | $0 |
| JEFFREY ALVES | ||||||||||||||
| DEAN BUSINESS SCHOOL | $148,231 | $0 | $0 | $0 | $15,120 | $0 | $12,596 | $0 | $9,581 | $0 | $185,528 | $0 | $0 | $0 |
| JOHN STACHACZ | ||||||||||||||
| DEAN LIBRARY AND IT | $148,524 | $0 | $0 | $0 | $2,246 | $0 | $12,386 | $0 | $9,552 | $0 | $172,708 | $0 | $0 | $0 |
| TERI OOMS | ||||||||||||||
| EXEC DIRECTOR JOINT URBAN STUDIES | $135,267 | $0 | $15,000 | $0 | $2,766 | $0 | $11,078 | $0 | $480 | $0 | $164,591 | $0 | $0 | $0 |
| THOMAS BALDINO | ||||||||||||||
| INTERIM DEAN CAHSS | $146,832 | $0 | $0 | $0 | $743 | $0 | $12,123 | $0 | $9,557 | $0 | $169,255 | $0 | $0 | $0 |
| LINDA WINKLER | ||||||||||||||
| PROFESSOR, ANTHROPOLOGY | $134,968 | $0 | $0 | $0 | $13,361 | $0 | $11,002 | $0 | $5,218 | $0 | $164,549 | $0 | $0 | $0 |
| MARY KROPIEWNICKI | ||||||||||||||
| ASSOCIATE PROFESSOR/CHAIR | $144,293 | $0 | $0 | $0 | $52 | $0 | $5,355 | $0 | $8,152 | $0 | $157,852 | $0 | $0 | $0 |
| DALE BRUNS | ||||||||||||||
| FORMER KEY EMPLOYEE - PROFESSOR | $116,713 | $0 | $0 | $0 | $15,895 | $0 | $10,468 | $0 | $8,731 | $0 | $151,807 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 1A | FormAndLineReferenceDesc |
| Explanation | HEALTH OR SOCIAL CLUB DUES - ALL UNIVERSITY EMPLOYEES WERE OFFERED A MEMBERSHIP AT THE LOCAL YMCA. IN ADDITION, CERTAIN MEMBERS OF THE PRESIDENT'S CABINET BELONGED TO A LOCAL SOCIAL CLUB WHICH REQUIRED MONTHLY DUES. THE SOCIAL CLUB MEMBERSHIPS ARE FOR BUSINESS PURPOSES ONLY. THE HEALTH OR SOCIAL CLUB DUES WERE NOT TREATED AS TAXABLE COMPENSATION. RESIDENCE FOR PERSONAL USE - THE UNIVERSITY'S PROVOST, ANNE SKLEDER, IS PROVIDED HOUSING IN A UNIVERSITY OWNED HOUSE. THIS IS A NONTAXABLE BENEFIT. HOUSING ALLOWANCE - JEFFREY ALVES IS PROVIDED A HOUSING ALLOWANCE PURSUANT TO HIS EMPLOYMENT AS THE DEAN OF THE BUSINESS SCHOOL. THE HOUSING ALLOWANCE IS TREATED AS TAXABLE COMPENSATION TO HIM, AND IS PROVIDED ON HIS FORM W-2. FOR THE CALENDAR YEAR 2014, THE HOUSING ALLOWANCE TOTAL WAS $14,400. | ExplanationTxt |
Schedule K IRS990ScheduleK
Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp (3 entries)
| Bond ReferenceBondReferenceCd | CUSIPCUSIPNum | Bond IssuedBondIssuedDt | Issue PriceIssuePriceAmt | PurposePurposeDesc | DefeasedDefeasedInd | On Behalf Of IssuerOnBehalfOfIssuerInd | Pool FinancingPoolFinancingInd | Bond Issuer EINBondIssuerEIN |
|---|---|---|---|---|---|---|---|---|
| CITY OF WILKES BARRE FINANCE AUTHORITY SERIES 2007 | ||||||||
| A | 968254AC6 | 2007-05-30 | $54,134,142 | REFUNDING BONDS AND PREPAYING | 0 | 0 | 0 | |
| NORTHEASTERN PA HOSPITAL & EDUCATION AUTHOR SERIES A | ||||||||
| B | 664556BD8 | 2012-05-09 | $16,956,391 | FINANCE NEW FACILITY | 0 | 0 | 0 | 237394107 |
| NORTHEASTERN PA HOSPITAL & EDUCATION AUTHOR SERIES B | ||||||||
| C | 2012-04-13 | $15,000,000 | FINANCE NEW FACILITY | 0 | 0 | 0 | 237394107 | |
Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp (3 entries)
| Bond ReferenceBondReferenceCd | Total ProceedsTotalProceedsAmt | In Reserve FundInReserveFundAmt | Refunding EscrowRefundingEscrowAmt | Issuance Costs From ProceedsIssuanceCostsFromProceedsAmt | Working Capital ExpendituresWorkingCapitalExpendituresAmt | Substantial CompletionSubstantialCompletionYr | Current RefundingCurrentRefundingInd | Advance RefundingAdvanceRefundingInd | Final Allocation MadeFinalAllocationMadeInd | Adequate Books And Rec MaintAdequateBooksAndRecMaintInd | Capital ExpendituresCapitalExpendituresAmt | RetiredRetiredAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| A | $54,134,142 | $2,127,750 | $51,254,416 | $738,963 | $13,013 | 2007 | Yes (1) | Yes (1) | Yes (1) | Yes (1) | ||
| B | $16,956,391 | $1,657,500 | $284,230 | 2013 | 0 | 0 | Yes (1) | Yes (1) | $15,014,661 | |||
| C | $15,000,000 | $139,234 | 2013 | 0 | 0 | Yes (1) | Yes (1) | $7,999,897 | $6,860,869 |
Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp (3 entries)
| Bond ReferenceBondReferenceCd | Owning Bond Financed PropertyOwningBondFinancedPropertyInd | Any Lease ArrangementsAnyLeaseArrangementsInd | Mgmt Contract Bond Fincd PropMgmtContractBondFincdPropInd | Engage Bond Counsel ContractsEngageBondCounselContractsInd | Any Research AgreementsAnyResearchAgreementsInd | Private Bus Use By OthersPrivateBusUseByOthersPct | Private Bus Concerning UBIPrivateBusConcerningUBIPct | Total Private Business UseTotalPrivateBusinessUsePct | Bond Iss Meet Prvt Sec Pymt TestBondIssMeetPrvtSecPymtTestInd | Change In Use Bond Financed PropChangeInUseBondFinancedPropInd | Procs Nonqualified Bond RemdtdProcsNonqualifiedBondRemdtdInd |
|---|---|---|---|---|---|---|---|---|---|---|---|
| A | Yes (1) | Yes (1) | Yes (1) | Yes (1) | 0 | 0.00000 | 0.01370 | 0.01370 | 0 | 0 | Yes (1) |
| B | 0 | 0 | 0 | 0 | 0.00000 | 0.00000 | 0.00000 | 0 | 0 | Yes (1) | |
| C | 0 | 0 | 0 | 0 | 0.00000 | 0.00000 | 0.00000 | 0 | 0 | Yes (1) |
Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp (3 entries)
| Bond ReferenceBondReferenceCd | Form8038 T FiledForm8038TFiledInd | Rebate Not Due YetRebateNotDueYetInd | Exception To RebateExceptionToRebateInd | No Rebate DueNoRebateDueInd | Variable Rate IssueVariableRateIssueInd | Hedge Identified In Bks And RecHedgeIdentifiedInBksAndRecInd | Gross Proceeds Invested In GICGrossProceedsInvestedInGICInd | Gross Proceeds InvestedGrossProceedsInvestedInd | Written Proc To Monitor ReqsWrittenProcToMonitorReqsInd |
|---|---|---|---|---|---|---|---|---|---|
| A | 0 | 0 | 0 | Yes (1) | 0 | 0 | 0 | 0 | Yes (1) |
| B | 0 | 0 | 0 | Yes (1) | 0 | 0 | 0 | 0 | Yes (1) |
| C | 0 | 0 | 0 | Yes (1) | Yes (1) | 0 | 0 | 0 | Yes (1) |
Procedures Corrective Action ProceduresCorrectiveActionGrp (3 entries)
| Bond ReferenceBondReferenceCd | Procedures Corrective ActionProceduresCorrectiveActionInd |
|---|---|
| A | Yes (1) |
| B | Yes (1) |
| C | Yes (1) |
Supplemental Information Detail SupplementalInformationDetail (7 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| SCHEDULE K, PART III, LINE 1 | WILKES UNIVERSITY IS THE SOLE MEMBER OF WU REAL ESTATE, LLC, WHICH IS A DISREGARDED ENTITY OF THE UNIVERSITY. WU REAL ESTATE LLC'S OWNERSHIP OF BOND FINANCED FACILITIES IS THEREFORE TREATED AS OWNERSHIP BY A 501(C)(3) ENTITY. |
| SCHEDULE K, PART III, LINE 5 | THE PERCENTAGE SHOWN ON PART III, LINE 5 REPRESENTS RENT RECEIVED FROM ELDERLY HOLDOVER TENANTS OF A BUILDING PURCHASED BY THE UNIVERSITY TO PROVIDE STUDENT HOUSING. THESE NON-STUDENT TENANTS ARE PERMITTED TO STAY IN THE BUILDING UNTIL THE TENANT DECIDES TO TERMINATE THE LEASE. THE PERCENTAGE IS CALCULATED ON THE BASIS OF ONE BUILDING WHICH WAS FINANCED BY APPROXIMATELY 19.63% OF THE PROCEEDS OF THE BOND ISSUE, AND OVER THE TERMS OF THE BONDS. AS THESE NON-STUDENT LEASES ARE TERMINATED, THE UNIVERSITY EXPECTS THAT THE UNRELATED USE WILL DROP TO 0%. |
| SCHEDULE K, PART III, LINE 6 | THIS PERCENTAGE REPRESENTS USE OF ONLY ONE BUILDING FINANCED WITH APPROXIMATELY 19.63% OF THE BOND PROCEEDS. THE USE AS MEASURED OVER THE ENTIRE BOND ISSUE IS LESS THAN 1% OF THE BOND PROCEEDS FOR THE ANNUAL PERIOD COVERED BY SCHEDULE K. |
| SCHEDULE K, PART IV, LINE 2C | WITH RESPECT TO ISSUE A, THE REBATE COMPUTATION WAS PERFORMED ON 3/1/15. |
| SCHEDULE K, PART IV, LINE 2C | WITH RESPECT TO ISSUE B, THE REBATE COMPUTATION WAS PERFORMED ON 5/8/15. |
| SCHEDULE K, PART IV, LINE 2C | WITH RESPECT TO ISSUE C, THE REBATE COMPUTATION WAS PERFORMED ON 4/12/15. |
| SCHEDULE K. PART IV, LINE 7 | ALTHOUGH WILKES HAS ADOPTED MANAGEMENT PRACTICES AND PROCEDURES TO ENSURE POST ISSUANCE COMPLIANCE OF ITS TAX EXEMPT BOND LIABILITIES, THESE PRACTICES AND PROCEDURES WERE IN A DRAFT FORM AT THE END OF WILKES' TAX YEAR. |
Schedule L IRS990ScheduleL
Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp
Name Of Interested NameOfInterested
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | LOREN PRESCOTT | PersonNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Relationship Description | VP FINANCE, GENERAL COUNSEL | RelationshipDescriptionTxt |
| Transaction | $190,000 | TransactionAmt |
| Transaction | THE UNIVERSITY PURCHASED A BUILDING LOCATED AT 188 SOUTH FRANKLIN STREET IN WILKES BARRE FROM LOREN PRESCOTT ON APRIL 16, 2015. | TransactionDesc |
| Sharing Of Revenues | 0 | SharingOfRevenuesInd |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (7 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART III, LINE 2 | THE UNIVERSITY HAS BEGUN A DISTANCE EDUCATION PROGRAM OFFERING GRADUATE NURSING PROGRAMS. |
| FORM 990, PART VI, SECTION B, LINE 11 | WILKES UNIVERSITY HAS ESTABLISHED A REVIEW PROCESS FOR THE FORM 990. ONCE THE DRAFT FORM 990 RETURN IS RECEIVED, IT IS REVIEWED BY THE CONTROLLER'S OFFICE. AFTER THIS REVIEW, IT IS SENT TO THE VP OF FINANCE AND GENERAL COUNSEL. A FINAL REVIEW IS THEN DONE BY THE BOARD OF TRUSTEES BEFORE THE RETURN IS FILED. |
| FORM 990, PART VI, SECTION B, LINE 12C | WILKES UNIVERSITY'S CONFLICT OF INTEREST POLICY COVERS ALL BOARD MEMBERS AND ANY INDIVIDUAL THAT HAS BUDGETARY/FINANCIAL RESPONSIBILITIES WITHIN THE UNIVERSITY. ANY CONFLICTS OF INTEREST CONCERNING BOARD MEMBERS ARE FORWARDED TO THE AUDIT COMMITTEE FOR REVIEW AND APPROVAL. ALL CONFLICT OF INTEREST STATEMENTS ARE REVIEWED UPON SUBMISSION AND FORWARDED TO THE AUDIT COMMITTEE AS APPROPRIATE. |
| FORM 990, PART VI, SECTION B, LINE 15 | THE HUMAN RESOURCES COMMITTEE OF THE BOARD OF TRUSTEES PERFORMS AN ANNUAL REVIEW OF THE COMPENSATION PROVIDED TO THE UNIVERSITY'S PRESIDENT AND VICE PRESIDENTS. BENCHMARK DATA, INCLUDING DATA FROM COLLEGES AND UNIVERSITY PROFESSIONAL ASSOCIATION FOR HUMAN RESOURCES (CUPA) IS USED FOR COMPARITIVE PURPOSES FOR EXECUTIVE POSITIONS. THE LAST BENCHMARKING COMPARISON WAS COMPLETED IN AUGUST OF 2014. THE UNIVERSITY KEEPS WRITTEN DOCUMENTATION OF THE HUMAN RESOURCES COMMITTEE'S DELIBERATION AND DECISION MAKING PROCESS. |
| FORM 990, PART VI, SECTION C, LINE 19 | WILKES UNIVERSITY MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND AUDITED FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. |
| FORM 990: PART X BALANCE SHEET | IN APRIL 2015, FASB ISSUED ASU 2015-03, INTEREST - IMPUTATION OF INTEREST (TOPIC 835-30): SIMPLIFYING THE PRESENTATION OF DEBT ISSUANCE COSTS. THE ASU REQUIRES THAT DEBT ISSUANCE COSTS RELATED TO A RECOGNIZED DEBT LIABILITY BE PRESENTED AS A DIRECT DEDUCTION FROM THE CARRYING AMOUNT OF THAT DEBT LIABILITY, CONSISTENT WITH DEBT DISCOUNTS. THE RECOGNITION AND MEASUREMENT GUIDANCE FOR DEBT ISSUANCE COSTS ARE NOT AFFECTED. WHILE EFFECTIVE FOR FISCAL YEARS BEGINNING AFTER DECEMBER 15, 2015, EARLY ADOPTION IS PERMITTED. THE UNIVERSITY HAS ELECTED TO EARLY ADOPT THIS GUIDANCE IN 2015 BY RETROACTIVELY REPORTING DEFERRED BOND ISSUANCE COSTS OF $875,856 (PREVIOUSLY REPORTED IN 2014 IN PREPAID EXPENSES AND OTHER ASSETS) AS A DEDUCTION FROM BONDS PAYABLE (LONG-TERM DEBT) AT MAY 31, 2014 IN THE STATEMENT OF FINANCIAL POSITION. THE ADOPTION HAD NO IMPACT ON THE UNIVERSITY'S FINANCIAL POSITION OR RESULTS OF OPERATIONS. IN MAY 2015, FASB ISSUED ASU 2015-07, FAIR VALUE MEASUREMENT (TOPIC 820): DISCLOSURES FOR INVESTMENTS IN CERTAIN ENTITIES TO CALCULATE NET ASSET VALUE PER SHARE (OR ITS EQUIVALENT). ASU 2015-07 REMOVES THE REQUIREMENT TO CATEGORIZE WITHIN THE FAIR VALUE HIERARCHY ALL INVESTMENTS FOR WHICH FAIR VALUE IS MEASURED USING THE NET ASSET VALUE ("NAV") PER SHARE PRACTICAL EXPEDIENT. IT ALSO REMOVES THE REQUIREMENT TO MAKE CERTAIN DISCLOSURES FOR ALL INVESTMENTS THAT ARE ELIGIBLE TO BE MEASURED AT FAIR VALUE USING THE NET ASSET VALUE PER SHARE PRACTICAL EXPEDIENT. WHILE EFFECTIVE FOR FISCAL YEARS BEGINNING AFTER DECEMBER 15, 2015, EARLY ADOPTION IS PERMITTED. THE UNIVERSITY ELECTED TO EARLY ADOPT THIS GUIDANCE IN 2015. THE ADOPTION HAD NO IMPACT ON THE UNIVERSITY'S FINANCIAL POSITION OR RESULTS OF OPERATIONS. BASED ON THESE ADJUSTMENTS, THE BEGINNING YEAR BALANCE SHEET AMOUNTS FOR OTHER ASSETS AND LONG TERM DEBT HAVE BEEN ADJUSTED. |
| FORM 990, PART XI, LINE 9: | STUDENT LOANS ADVANCED 953,006. CHANGE IN LIABILITY ON SPLIT INTEREST AGREEMENTS 18,131. |
Schedule R IRS990ScheduleR
Id Disregarded Entities IdDisregardedEntitiesGrp (3 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Total IncomeTotalIncomeAmt | End Of Year AssetsEndOfYearAssetsAmt | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt |
|---|---|---|---|---|---|---|---|---|---|
| WU REAL ESTATE LLC | |||||||||
| 170 S FRANKLIN STREET | WILKES BARRE | PA | 18766 | 205799312 | STUDENT RENTAL | PA | $40,240 | $11,759,161 | WILKES UNIVERSITY |
| SOUTH CITY PROPERTIES LLC | |||||||||
| 84 W SOUTH STREET | WILKES BARRE | PA | 18766 | 352497851 | REAL ESTATE | PA | $106 | $45,380 | WILKES UNIVERSITY |
| RASM ENTERPRISE LLC | |||||||||
| 84 W SOUTH STREET | WILKES BARRE | PA | 18766 | 465148017 | REAL ESTATE | PA | $0 | $0 | WILKES UNIVERSITY |
Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp (4 entries)
| Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Entity TypeEntityTypeTxt | Share Of Total IncomeShareOfTotalIncomeAmt | Share Of EOY AssetsShareOfEOYAssetsAmt | OwnershipOwnershipPct | Controlled OrganizationControlledOrganizationInd | Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN |
|---|---|---|---|---|---|---|---|---|---|---|---|
| HAROLD & BARBARA FLANNERY CRUT-98 | |||||||||||
| ANNUITY | PA | T | $6,026 | $309,500 | 1.00000 | 0 | |||||
| JOSEPH J & JANICE W SAVITZ CHARITABLE REMAINDER TRUST | |||||||||||
| ANNUITY | PA | T | 1.00000 | 0 | 620 LIBERTY AVENUE 10TH FLOOR | PITTSBURGH | PA | 15222 | 237964168 | ||
| GORKABARTUSKA CHARITABLE REMAINDER UNITRUST | |||||||||||
| ANNUITY | PA | T | $292,414 | 1.00000 | 0 | 620 LIBERTY AVENUE 10TH FLOOR | PITTSBURGH | PA | 15222 | 236453339 | |
| GLENN F LEITER CHARITABLE REMAINDER UNITRUST | |||||||||||
| ANNUITY | MD | T | $2,412 | $24,884 | 1.00000 | 0 | 267 S FRANKLIN STREET | WILKES BARRE | PA | 18766 | 900285467 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | 0 | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | 0 | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | 0 | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | 0 | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | 0 | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | 0 | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | 0 | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | 0 | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | 0 | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | 0 | SharingOfFacilitiesInd |
| Paid Employees Sharing | 0 | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | 0 | TransferToOtherOrgInd |
| Transfer From Other Org | 0 | TransferFromOtherOrgInd |