2015-05-14T10:54:55-05:00 2014-06-30 GRANT THORNTON LLP 2001 MARKET STREET SUITE 700 PHILADELPHIA PA 19103 990 2013-07-01 516000297 University of Delaware % AMY CONNELL - CONTROLLER UNIV 3028318964 220 Hullihen Hall Suite Newark DE 19716 GREG OLER VP FINANCE 3028317288 2015-05-14 FRANK D GIARDINI P00532355 3028317288 2013 2016-03-07 17:11:31Z Patrick T Harker 104A Hullihen Hall Newark DE 19716 2763727676 false X www.udel.edu X 1833 DE Instruction, Research, and Public Services are the most significant activities of the University. 32 31 13805 31 5384173 -54123 179760001 177288592 811996651 840383719 42476110 99897428 30159538 30259556 1064392300 1147829295 123032083 135428021 0 0 553657981 553737436 0 0 11158355 313270515 338425198 989960579 1027590655 74431721 120238640 3130734593 3366023740 950109804 959725873 2180624789 2406297867 X MISSION STATEMENT: THE UNIVERSITY OF DELAWARE EXISTS TO CULTIVATE LEARNING, DEVELOP KNOWLEDGE, AND FOSTER THE FREE EXCHANGE OF IDEAS. STATE-ASSISTED YET PRIVATELY GOVERNED, THE UNIVERSITY HAS A STRONG TRADITION OF DISTINGUISHED SCHOLARSHIP, RESEARCH, TEACHING, AND SERVICE THAT IS GROUNDED IN A COMMITMENT TO INCREASING AND DISSEMINATING SCIENTIFIC, HUMANISTIC, AND AND SOCIAL KNOWLEDGE FOR THE BENEFIT OF THE LARGER SOCIETY. FOUNDED IN 1743 AND CHARTERED BY THE STATE IN 1833, THE UNIVERSITY OF DELAWARE TODAY IS A LAND-GRANT, SEA-GRANT, AND SPACE-GRANT UNIVERSITY. THE UNIVERSITY OF DELAWARE IS A MAJOR RESEARCH UNIVERSITY OFFERING A BROAD RANGE OF DEGREE PROGRAMS: 3 ASSOCIATE PROGRAMS, 147 BACHELOR'S PROGRAMS, 119 MASTER'S PROGRAMS, 54 DOCTORAL PROGRAMS, AND 15 DUAL GRADUATE PROGRAMS THROUGH OUR SEVEN COLLEGES AND IN COLLABORATION WITH MORE THAN 70 RESEARCH CENTERS. UNIVERSITY FACULTY IS COMMITTED TO THE INTELLECTUAL, CULTURAL, AND ETHICAL DEVELOPMENT OF STUDENTS AS CITIZENS, SCHOLARS AND P false false 516095870 133313606 514638577 Instruction and departmental research - Student enrollment during the period was approximately 22,700. 136038919 170947799 Sponsored Research 106224277 2114415 121734692 Auxillary Enterprises 66538333 17486048 Academic support 49900548 15558630 Extension and public service 32884085 Student services 149322966 33044678 907682032 true true false true false true false true true true true true false false true true false true true true true false false false true false false false true true true false false false false false false true true true true true true false false true true true true false false true 1965 0 true 13805 true true true true FR false true true false true true false false false false X 32 31 false false false false false true false true true false false true true true true true true true true true false AK AZ CA CO GA HI ID IL KY MD MA MI NH OH OK OR SC WA X AMY CONNELL - CONTROLLER 3028312175 220 HULLIHEN HALL NEWARK DE 19716 X Tony Allen Sr Trustee 2.0 X 0 0 0 Carol Ammon Trustee 2.0 X 0 0 0 Michelle Barineau Trustee 2.0 X 0 0 0 James C Borel Trustee 4.0 X 0 0 0 Thomas J Burns Trustee 4.0 X 0 0 0 Irwin G Burton III Trustee 2.0 X 0 0 0 Mariah Calagione Trustee 2.0 X 0 0 0 RRM Carpenter III Trustee 4.0 X 0 0 0 Allison Castellanos Trustee 2.0 X 0 0 0 William B Chandler III Trustee 2.0 X 0 0 0 John R Cochran Trustee, Vice Chair 6.0 X 0 0 0 Joan F Coker Trustee 2.0 X 0 0 0 Howard Cosgrove Trustee 4.0 X 0 0 0 Michael S Geltzeiler Trustee 2.0 X 0 0 0 Stuart M Grant Trustee 2.0 X 0 0 0 Teri Quinn Gray Trustee 2.0 X 0 0 0 Scott A Green Trustee 2.0 X 0 0 0 Terri Kelly Trustee 2.0 X 0 0 0 Dennis E Klima Trustee 2.0 X 0 0 0 Carey McDaniel Trustee, Secretary/ Treasurer 6.0 X 0 0 0 Jack A Markell Trustee 2.0 X 0 0 0 Michael Lynch Trustee 2.0 X 0 0 0 Donald J Puglisi Trustee 2.0 X 0 0 0 Christopher H Schell Trustee 2.0 X 0 0 0 A Gilchrist Sparks III Trustee, Chair 8.0 X 0 0 0 Everett C Toomey Trustee 2.0 X 0 0 0 H Wesley Towers Jr Trustee 2.0 X 0 0 0 P Coleman Townsend Jr Trustee 4.0 X 0 0 0 Sherman L Townsend Trustee 4.0 X 0 0 0 Kenneth Whitney Trustee 4.0 X 0 0 0 Mary Jane Willis Trustee, Vice Chair 6.0 X 0 0 0 Patrick T Harker President 55.0 X X 822828 0 74130 Nancy Brickhouse Interim Provost 55.0 X 383233 0 61769 Scott R Douglass Exec VP & Treasurer 55.0 X 474058 0 39340 Jeffrey Garland VP & University Secretary 55.0 X 207202 0 40953 Michael A Gilbert VP, Student Life 55.0 X 205914 0 26507 Carl W Jacobson VP Info Technology 55.0 X 288836 0 44470 Monica Marie Taylor VP Univ Development 55.0 X 387104 0 31250 Dawn Thompson VP, Student Life 55.0 X 217369 0 32034 David William Singleton VP, Fac & Aux Svcs 55.0 X 190604 0 26914 Lawrence White VP & Gen Counsel 55.0 X 313985 0 29570 Patricia Ann Plummer Wilson VP / Chief of Staff 55.0 X 245612 0 38937 Deborah Hayes VP Communication 55.0 X 306419 0 32625 Alan Brangman VP, Fac & Aux Svcs 55.0 X 186615 0 35216 Dominico Grasso Provost 55.0 X 203282 0 25619 Kathleen Sharon Matt Dean 55.0 X 297627 0 49002 Babatunde A Ogunnaike Dean 55.0 X 323680 0 51362 Nancy M Targett Dean 55.0 X 264745 0 49280 George H Watson Dean 55.0 X 311094 0 42304 Bruce William Weber Dean 55.0 X 428875 0 46213 Mark Rieger Dean 55.0 X 237899 0 43635 Ann Ardis Interim Deputy Provost 55.0 X 247127 0 38840 Lynn Okagaki Dean 55.0 X 245824 0 35216 Keith Walter Chief Investment Officer 55.0 X 199386 0 20958 Eric Ziady Director, Athl & REC 55.0 X 369432 0 39882 Charles Riordan Vice Provost Research 55.0 X 283060 0 41433 Thomas LaPenta Chief Human Resources Officer 55.0 X 171189 0 26816 Daniel Rich Professor 55.0 X 383249 0 56318 Donald Lewis Sparks Professor 55.0 X 405926 0 39544 Kurt Keeler Former Head Coach 55.0 X 1961958 0 23602 Jack Baroudi Professor 55.0 X 384208 0 49391 Tsu-Wei Chou Professor 55.0 X 376075 0 56106 Jennifer W Davis Former VP, Finance & Admin 55.0 X 554710 0 8389 Robin W Morgan Professor/ Former Dean 55.0 X 232563 0 48311 Michael Chajes Professor/ Former Dean 55.0 X 251618 0 49862 Mark Stalnecker Former Investment Officer 55.0 X 277608 0 19386 Margaret Andersen Professor/Former Assoc Provost 55.0 X 251618 0 49862 12892532 0 1425046 938 true true false Whiting -Turner Contracting Company 131 Continental Drive STE 404 NEWARK DE 19713 Construction Manager 29968278 Skanska USA Building Inc 1633 Littleton Road PARSIPPANY NJ 07054 General Contractor 26876701 Aramark 1101 Market Street PHILADELPHIA PA 19107 Dining Serv MGR 30436408 Bancroft Construction 1300 Grant Avenue WILMINGTON DE 19806 General Contractor 11349976 Nason Construction Inc 2000 Foulk Road WILMINGTON DE 19810 General Contractor 12382213 163 66358 18236992 124287972 34697270 4280597 177288592 TUITION AND FEES 900099 514638577 514638577 EDUCATIONAL ACTIVITIES 900099 17486048 16848548 637500 ROOM, BOARD AND OTHER AUXILIARY SERVICES 900004 121734692 117434220 4300472 RESEARCH CONTRACTS/ OTHER EXCHANGES 900004 170947799 170947799 OTHER PROGRAM REVENUE SOURCES 900004 15576603 14965839 610764 840383719 12839885 -1198509 14038394 0 405653 405653 0 0 0 1702887615 1615830072 87057543 87057543 754397 86303146 50336 66358 68309 -17973 -17973 0 0 INTRA UNIVERSITY REVENUE 900099 26371567 26371567 INCOME FROM AFFILIATE 721110 1040789 761240 279549 PLANT INVENTORY ADJUSTMENT 900099 51790 51790 2407730 2407730 29871876 1147829295 864427310 5384173 100729220 0 135428021 135428021 0 0 5099367 2273127 2539679 286561 223327 223327 400803567 356060779 39288950 5453838 39476166 33957637 4892384 626145 83659969 71593974 10703775 1362220 24475040 20993263 3089297 392480 0 1783451 82276 1701175 370725 370725 15028 15028 0 3663433 3663433 71625961 67593511 3117945 914505 1694670 1412268 248663 33739 51960564 44464004 5899429 1597131 26168301 11115454 14977279 75568 337779 306192 31587 59508420 58346311 1131978 30131 25719002 24620587 811431 286984 0 4198906 3245642 873394 79870 22108868 21916321 192547 0 63840063 52546476 11293587 1704126 803907 881036 19183 LOSS ON DISPOSAL 817942 698955 118987 ENDOWMENT & COMMISSION AND FEE 2920648 2920648 PAY ANNUITIES -361007 -361007 STUDENT LOAN EXPENSE -11001 -11001 359319 359319 1027590655 907682032 108750268 11158355 56469 56607 188112633 115175293 59475873 54763471 13909432 12036454 0 0 0 0 0 0 599817 692954 1468213 1591029 2275334285 882237126 1321631482 1393097159 948861178 1118292953 580754529 653916697 13286325 13623123 2578642 2778000 0 0 3130734593 3366023740 391940124 376139856 15093988 15237842 7803379 4277076 486022342 476469144 0 0 0 0 21012223 36962193 0 0 28237748 50639762 950109804 959725873 X 1250135389 1358232040 587305755 679073292 343183645 368992535 2180624789 2406297867 3130734593 3366023740 X 120238640 103561407 1873031 X false true X true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false true false true false false true 72131 false true 14918 87049 false Schedule C, Part II-B, Line 1g University personnel meet with members of Congress and their staff in Washington DC to discuss research projects and other matters affecting higher education. University personnel also hold Meetings and discussions with State representatives concerning appropriations and other matters affecting higher education. A PORTION OF THE UNIVERSITY'S DIRECTOR OF STATE GOVERNMENTAL RELATIONS (25%), THE GOVERNMENT RELATIONS ASSISTANT (25%) AND THE UNIVERSITY'S DIRECTOR OF FEDERAL GOVERNMENTAL RELATIONS (41%) ARE ASSOCIATED WITH LOBBYING ACTIVITIES. Schedule C, Part II-B, Line 1I THE UNIVERSITY OF DELAWARE IS A MEMBER OF VARIOUS HIGHER EDUCATION TRADE ASSOCIATIONS, IN WHICH A PORTION OF ITS MEMBERSHIP DUES ARE ASSOCIATED WITH LOBBYING ACTIVITIES. 1 1336 38289 true true 224697 8756456 X X X X false true 813757 122005919 121756115 1063561 false 1110513444 17221001 174705865 6532025 41654820 11987000 1242266465 1029661185 8783304 127932332 6271302 40286075 9306000 1110513444 1077637848 12871062 -6664194 5743019 38859512 9581000 1029661185 927530379 4906552 198284273 5378147 38524209 9181000 1077637848 859958677 6195841 115847859 5556918 40682080 8233000 927530379 0.27253 0.23924 0.48823 false false 118788839 118788839 1606989378 548272936 1058716442 15235212 4893328 10341884 458913304 329070862 129842442 75407552 75407552 1393097159 LIMITED PARTNERSHIP 582212346 F FUNDS HELD IN TRUST 67866567 F MORTGAGES 3837784 F 653916697 0 STUDENT DEPOSITS 1115048 ASSET RETIREMENT OBLIGATION 20541203 ANNUITY & LIFE INCOME FUNDS PA 4624712 INTEREST RATE SWAP 24358799 50639762 X 1087181880 103561407 1873031 105434438 981747442 3663435 162418418 166081853 1147829295 861508802 861508802 3663435 162418418 166081853 1027590655 Schedule D, Part III, Line 4 The University Museums seeks to enhance the educational and scholarly mission of the University of Delaware through the exhibition, online presentation, study, preservation and growth of its unique collections in 20th and 21st century American art (with particular strengths in the Brandywine School, African American art, and photography), minerals and pre-Columbian ceramics. The University Museums enrich cultural life beyond the campus through presentation of the work of recognized artists, and through outreach programs to selected audiences, including K-12 students, educators and historically black colleges and universities. The University Museums achieve this through public exhibitions open free of charge to the University community and the general public; through making collections accessible to individual students, classes, and scholars; and through offering public programs on facets of the collection free of charge to the University community and the general public. Schedule D, Part IV, Line 1b AGENCY ACCOUNTS $ 1,155,549 EXTERNAL FINANCIAL AID (645,422) STUDENT GROUPS 553,434 ---------- 1,063,561 The University is regularly requested to act as fiscal agent for funds that belong to a related third party. Normally a current or expected mutual benefit to both the third party and the University beyond just the fiscal agent relationship prompts such a request. Such requests may range from large organizations seeking an on-going relationship with the University to one-time requests for a depository for funds for a departmental retirement event. When this fiscal agency request is granted, a University (agency) account is set up in the University accounting system. Agency accounts with deposits on hand from third party organizations are liabilities of the University while such accounts in deficit constitute receivables due to the University. Schedule D, Part V, Line 4 The University's Endowment Fund's purpose is to provide in perpetuity financial support of the University's educational goals. The intended uses of the endowment funds is to provide educational and general support such as scholarships, prizes and awards, facilities and educational program support, and general operational support. Schedule D, Part X, Line 2 The University has been recognized by the Internal Revenue Service (IRS) as exempt from Federal income tax under Section 501( c) 3 of the U.S. Internal Revenue Code, except for taxes on income from activities unrelated to its exempt purpose. Accordingly, no provision for income taxes has been made in the accompanying consolidated financial statements. U.S. GAAP requires 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 than likely than not would not be sustained upon examination by the IRS. Management has analyzed the tax positions taken by the University and has concluded that as of June 30, 2014, there are no uncertain positions taken or expected to be taken that would require recognition of a liability (or asset) or disclosure in the consolidated financial statements. The University is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress. Schedule D, Part XI, Line 2d Decrease in Postretirement Benefit Obligation $1,873,031 Schedule D, Part XI, Line 4b Scholarships $133,123,864 Intra University Revenue $26,371,567 Reclass Expenses $2,922,987 Schedule D, Part XII, Line 4b Scholarships $133,123,864 Intra University Revenue $26,371,567 Reclass Expenses $2,922,987 true true true true true true true false false false false false false false false true false true Schedule E, Part I, Line 3 THE UNIVERSITY OF DELAWARE IS COMMITTED TO ASSURING EQUAL OPPORTUNITY FOR ALL PERSONS AND DOES NOT DISCRIMINATE ON THE BASIS OF RACE, COLOR, GENDER, RELIGION, ANCESTRY, NATIONAL ORIGIN, SEXUAL ORIENTATION, VETERAN STATUS, AGE, OR DISABILITY IN ITS EDUCATIONAL PROGRAMS, ACTIVITIES, ADMISSIONS, OR EMPLOYMENT PRACTICES. THIS STATEMENT IS INCLUDED ON A VARIETY OF UNIVERSITY FORMS AND PUBLICATIONS. A WEBSITE REGARDING THE UNIVERSITY'S COMMITMENT TO DIVERSITY CAN BE FOUND AT: WWW.UDEL.EDU/DIVERSITY Schedule E, Part I, Line 6a THE UNIVERSITY OF DELAWARE PARTICIPATES IN THE FOLLOWING FEDERAL TITLE IV STUDENT FINANCIAL AID PROGRAMS: FEDERAL PELL, FSEOG, FEDERAL WORK STUDY, FEDERAL PERKINS LOAN, FEDERAL STAFFORD LOAN AND TEACH GRANT. false Europe (Including Iceland and Greenland) 1 1 Program Services Academic Support 222442 Middle East and North Africa 1 2 Program Services Off Campus Training 1197487 Europe (Including Iceland and Greenland) Investments 9862520 Central America and the Caribbean Investments 126986815 2 3 2 3 138269264 138269264 true false true true true false Schedule F, Part I, Line 2 In April 2011, the University initiated an art preservation grant in the Middle East/ North Africa region. This program, along with the program in the European region, are monitored by the University by retaining the approvals and payments of all expenditures along with supporting documentation, at the University's main campus in Newark, Delaware. AL AK AZ AR CA CO CT FL GA HI IL KS KY LA ME MD MA MI MN MS MO NH NJ NM NY NC ND OH OK OR PA RI SC TN UT VA WA WV WI WVUD Radiothon 40838 40838 2049 1271 Lacrosse Golf 26356 16456 9900 3234 7029 289 0 49500 9064 40436 19279 15111 16858 600 2589 116694 66358 50336 24562 22140 16858 600 4149 68309 -17973 true University of Delaware Scholarships for Students 7709 46726153 Fair Value Scholarships Delaware Need Based Grants 731 5255882 Fair Value Financial Aid Athletic Scholarships 1295 10218944 Fair Value Scholarships University Endowment Scholarships 1603 3839698 Fair Value Scholarships Delaware Merit Scholarships 416 1975069 Fair Value Merit Scholarships Graduate Student Scholarships 7921 59674025 Fair Value Scholarships Graduate Student Fellowships 266 2734807 Fair Value Fellowships University Gift Scholarships 241 2903332 Fair Value Scholarships Other Scholarships and Grants 1215 2100111 Fair Value Financial Aid Schedule I, Part I, Line 2 Schedule I Part 1 Line 2 - Monitoring the use of grant funds The University's oversight and controls over grant funds is facilitated by processes and controls inherent in our University's ERP system. Disbursement of funds are controlled by donor and institutional criteria that is monitored by both the system and collaboration between various departments of the University. A monthly review of funding is produced to monitor spending and reports are produced by development to provide additional oversight of scholarship recipients when providing reports to donors on the status of their gifts. X X X true true X X X X true false false true false false false true false Patrick T Harker President 677562 0 117654 0 27612 0 28050 0 46080 0 896958 0 0 0 Nancy Brickhouse Interim Provost 332076 0 23507 0 27650 0 39580 0 22189 0 445002 0 0 0 Jennifer W Davis Former VP, Finance & Admin 26434 0 31154 0 497122 0 6331 0 2058 0 563099 0 0 0 Scott R Douglass Exec VP & Treasurer 412785 0 55604 0 5669 0 24260 0 15080 0 513398 0 0 0 Jeffrey Garland VP & University Secretary 199202 0 8000 0 0 0 22000 0 18953 0 248155 0 0 0 Michael A Gilbert VP, Student Life 150979 0 26807 0 28128 0 16599 0 9908 0 232421 0 0 0 Carl W Jacobson VP Info Technology 259527 0 29309 0 0 0 28190 0 16280 0 333306 0 0 0 Robin W Morgan Professor/ Former Dean 232563 0 0 0 0 0 25477 0 22834 0 280874 0 0 0 Monica Marie Taylor VP Univ Development 347388 0 37574 0 2142 0 23917 0 7333 0 418354 0 0 0 Dawn Thompson VP, Student Life 217369 0 0 0 0 0 23964 0 8070 0 249403 0 0 0 David William Singleton VP, Fac & Aux Svcs 146490 0 22974 0 21140 0 16309 0 10605 0 217518 0 0 0 Lawrence White VP & Gen Counsel 288233 0 25752 0 0 0 25217 0 4353 0 343555 0 0 0 Patricia Ann Plummer Wilson VP / Chief of Staff 220496 0 25116 0 0 0 24144 0 14793 0 284549 0 0 0 Deborah Hayes VP Communication 277467 0 19667 0 9285 0 24890 0 7735 0 339044 0 0 0 Kathleen Sharon Matt Dean 297627 0 0 0 0 0 28050 0 20952 0 346629 0 0 0 Babatunde A Ogunnaike Dean 314141 0 0 0 9539 0 28050 0 23312 0 375042 0 0 0 Nancy M Targett Dean 259745 0 0 0 5000 0 28773 0 20507 0 314025 0 0 0 George H Watson Dean 311094 0 0 0 0 0 34009 0 8295 0 353398 0 0 0 Bruce William Weber Dean 408233 0 20642 0 0 0 28050 0 18163 0 475088 0 0 0 Mark Rieger Dean 237899 0 0 0 0 0 26598 0 17037 0 281534 0 0 0 Alan Brangman VP, Fac & Aux Svcs 130163 0 50000 0 6452 0 28600 0 6616 0 221831 0 0 0 Dominico Grasso Provost 140441 0 50000 0 12841 0 19342 0 6277 0 228901 0 0 0 Ann Ardis Interim Deputy Provost 242127 0 0 0 5000 0 27120 0 11720 0 285967 0 0 0 Mark Stalnecker Former Investment Officer 143222 0 107505 0 26881 0 15767 0 3619 0 296994 0 0 0 Lynn Okagaki Dean 245824 0 0 0 0 0 27018 0 8198 0 281040 0 0 0 Keith Walter Chief Investment Officer 199386 0 0 0 0 0 11338 0 9620 0 220344 0 0 0 Eric Ziady Director, Athl & REC 301682 0 40000 0 27750 0 23650 0 16232 0 409314 0 0 0 Daniel Rich Professor 383249 0 0 0 0 0 40685 0 15633 0 439567 0 0 0 Donald Lewis Sparks Professor 282886 0 0 0 123040 0 31564 0 7980 0 445470 0 0 0 Charles Riordan Vice Provost Research 283060 0 0 0 0 0 28050 0 13383 0 324493 0 0 0 Thomas LaPenta Chief Human Resources Officer 164259 0 0 0 6930 0 18735 0 8081 0 198005 0 0 0 Kurt Keeler Former Head Coach 915293 0 0 0 1046665 0 3607 0 19995 0 1985560 0 0 0 Jack Baroudi Professor 193503 0 0 0 190705 0 24938 0 24453 0 433599 0 0 0 Tsu-Wei Chou Professor 284819 0 0 0 91256 0 38986 0 17120 0 432181 0 0 0 Michael Chajes Professor/ Former Dean 236618 0 0 0 15000 0 27586 0 22276 0 301480 0 0 0 Margaret Andersen Professor/Former Assoc Provost 236618 0 0 0 15000 0 27586 0 22276 0 301480 0 0 0 Schedule J, Part I, Line 1a Housing Allowance - The University's President is required to live in an on-campus residence. The Arrangement meets the IRC exclusion from gross income and is therefore excluded from compensation reported on the President's Form W-2. Schedule J, Part I, Line 1a Health and Social Club Dues - Certain current officers and key employees were provided benefits to health and social clubs totaling $28,097. It is the University's policy to treat the above items as taxable compensation and report the applicable amounts on the individual's Form W-2. Schedule J, Part I, Line 1a Personal Services - One University officer received personal services in the form of housekeeping services in the amount of $4,595. It is the University's policy to treat such personal services as taxable compensation and to report the applicable amounts on the officer's Form W-2. Schedule J, Part I, Line 4a Jennifer Davis received a severance payment of $454,500. Kurt Keeler, per his employment contract, received a severance payment of $1,000,000. Schedule J, Part I, Line 5a The University's former Chief Investment Officer, a key employee, received a bonus payment of $107,505 which is partially based upon the performance of the University's investment portfolio. The former Chief Investment Officer retired on June 30, 2013. His earnings, including the bonus, were earned for services rendered through the date of his retirement. This type of compensation is subject to the University's executive compensation process which ensures that the amount of total compensation is fair and reasonable. Schedule J, Part I, Line 7 Certain University officers received bonus payments totaling $583,760. This type of compensation is pursuant to the University's executive compenstion process which ensures that the amount of total compensation is fair and reasonable, which are based upon achieving documented goals. PART VII AND SCHEDULE J THE FOLLOWING OFFICERS AND KEY EMPLOYEES LISTED ON FORM 990 PART VII AND/ OR SCHEDULE J SEPARATED SERVICE DURING THE CALENDAR YEAR 2013: JENNIFER DAVIS DAVID SINGLETON MICHAEL GILBERT MARK STALNECKER THE FOLLOWING OFFICERS AND KEY EMPLOYEES LISTED ON FORM 990 PART VII AND/ OR SCHEDULE J WERE APPOINTED DURING THE FISCAL YEAR ENDED JUNE 30, 2014: DOMENICO GRASSO ALAN BRANGMAN DAWN THOMPSON KEITH WALTERS A UNIVERSITY OF DELAWARE 516000297 91425MAY3 2004-04-08 53457434 SEE PART VI false false false B UNIVERSITY OF DELAWARE 516000297 91425MAZ0 2005-07-14 49945000 SEE PART VI false false false C UNIVERSITY OF DELAWARE 516000297 91425MBW6 2009-12-17 70107432 SEE PART VI false false false D UNIVERSITY OF DELAWARE 516000297 91425MCD7 2010-11-18 119580000 SEE PART VI false false false A 0 0 54590166 0 0 8536682 366674 0 0 44554078 0 0 2005 true false true true B 0 0 51410087 0 0 12855147 307595 30000 0 36752258 0 0 2006 false true true true C 0 0 70107432 0 0 69614792 492640 0 0 0 0 0 true false true true D 0 0 119580000 0 0 980000 0 0 0 118600000 0 0 2011 false false true true A false false false false 0 false false false true B false false false false 0 false false false true C false false false false 0 false false false true D false false false false 0 false false false true A false true true true MORGAN STANLEY 30.6 false false false 0 false true B false true true true MORGAN STANLEY 30.3 false false false 0 false true C false true false false 0 false 0 false true D false true false false 0 false 0 false true A true B true C true D true SCHEDULE K, PART I, LINE A, COLUMN F IN APRIL 2004, THE UNIVERSITY ISSUED $12,070,000 OF SERIES 2004A REVENUE BONDS. APPROXIMATELY $8,041,000 OF THESE SERIES 2004A BONDS WERE USED TO RETIRE THE SERIES 1993 REVENUE NOTES. THE REMAINING PORTION WERE USED TO CONSTRUCT A PARKING GARAGE, TO DEMOLISH EXISTING UNIVERSITY DORMATORIES, TO CONSTRUCT THREE NEW DORMATORY BUILDINGS, AND FOR OTHER CAPITAL IMPROVEMENTS. IN APRIL 2004, THE UNIVERSITY ISSUED $40,835,000 OF SERIES 2004B VARIABLE RATE DEMAND REVENUE BONDS. THE BONDS WERE USED TO CONSTRUCT A PARKING GARAGE, TO DEMOLISH EXISTING UNIVERSITY DORMATORIES, TO CONSTRUCT THREE NEW DORMATORY BUILDINGS, AND FOR OTHER CAPITAL IMPROVEMENTS. SCHEDULE K, PART I, LINE B, COLUMN F IN JULY 2005, THE UNIVERSITY ISSUED $49,945,000 OF SERIES 2005 VARIABLE RATE DEMAND REVENUE BONDS. $37,880,000 OF THE SERIES 2005 BONDS WERE USED TO COMPLETE THE CONSTRUCTION OF THREE NEW DORMITORY BUILDINGS, THE DEMOLITION OF SOME EXISTING UNIVERSITY DORMITORIES, AND OTHER CAPITAL IMPROVEMENTS STARTED WITH PROCEEDS OF THE SERIES 2004B REVENUE BONDS. ALSO, $12,065,000 WAS USED TO ADVANCE REFUND A PORTION OF THE SERIES 1997 BONDS. SCHEDULE K, PART I, LINE C, COLUMN F IN DECEMBER OF 2009, THE UNIVERSITY ISSUED $64,000,000 OF SERIES 2009B REVENUE BONDS IN FIXED RATE MODE WITH THE SOLE PURPOSE OF REFUNDING THE SERIES 1998, 2001A, AND 2001B VARIABLE RATE DEMAND BONDS AND TERMINATING RELATED INTEREST RATE EXCHANGE AGREEMENTS. SCHEDULE K, PART I, LINE D, COLUMN F IN NOVEMBER 2010, THE UNIVERSITY ISSUED $119,580,000 OF SERIES 2010A BUILD AMERICA REVENUE BONDS IN FIXED RATE MODE WITH THE PURPOSE OF (1) PROVIDING FUNDS FOR THE CONSTRUCTION, ADDITION TO AND RENOVATION, AS APPLICABLE, TO THE FOLLOWING PROJECT FACILITIES: (I) BASKETBALL AND VOLLEYBALL FACILITY ADDITION TO THE BOB CARPENTER SPORTS/CONVOCATION CENTER, (II) CONSTRUCTION OF THE UNIVERSITY'S BOOKSTORE, (III) RENOVATIONS TO CARPENTER SPORTS BUILDING, (IV) RENOVATIONS TO THE BOB CARPENTER SPORTS/CONVOCATION CENTER, (V) CONSTRUCTION/RENOVATIONS TO EAST CAMPUS UTILITY PLANT, (VI) THE CONSTRUCTION OF HOUSING FOR APPROXIMATELY 800 DORMITORY BEDS, (VII) RECREATION UPGRADES TO FRAZIER FIELD AND (2) FUNDING THE COSTS OF ISSUANCE OF THE 2010A BONDS. SCHEDULE K, PART II, COLUMN A PROCEEDS- BOND ISSUE 2004 A/B LINE 3- INCLUDES INTEREST EARNINGS $1,132,732 LINE 6- NET OF DEBT SERVICE RESERVE FUND AND THE DEBT SERVICE FUND $2,697,958 SCHEDULE K, PART II, COLUMN B PROCEEDS- BOND ISSUE 2005 LINE 3- INCLUDES INTEREST EARNINGS $1,465,087 LINE 7- INCLUDES CREDIT ENHANCEMENT FEES $ 30,000 A UNIVERSITY OF DELAWARE 516000297 91425MDU8 2013-04-18 196950353 SEE PART VI false false false A 0 0 196950353 0 0 79265720 760633 0 0 116924000 0 0 true false false true A false false false false 0 false false false true A false true true true MORGAN STANLEY 24.3 false false false 0 false true A true SCHEDULE K, PART I, COLUMN A - BOND ISSUE 2013 THE SERIES 2013A BONDS WERE ISSUED FOR THE PURPOSES OF PROVIDING FUNDS (I) TO FINANCE THE ACQUISITION, CONSTRUCTION, EQUIPPING AND INSTALLATION OF CERTAIN PROJECT FACITITIES INCLUDING BUT NOT LIMITED TO RENOVATIONS OF HARRINGTON HALL AND CARPENTER SPORTS CENTER, PURCHASE OF POD EQUIPMENT AND CONSTRUCTION OF NEW STUDENT HOUSING, (II) TO REFUND A PORTION OF CERTAIN PRIOR BONDS OF THE UNIVERSITY, (III) TO PAY THE TERMINATION PAYMENTS WITH RESPECT TO A PORTION OF CERTAIN INTEREST RATE EXCHANGE AGREEMENTS AND (IV) TO PAY THE COSTS OF ISSUING THE 2013A BONDS. THE SERIES 2013B TAXABLE BONDS WERE ISSUED FOR THE PURPOSE OF PROVIDING FUNDS (I) TO FINANCE THE ACQUISITION, CONSTRUCTION, EQUIPPING AND INSTALLATION OF A NEW DINING HALL AND (II) TO PAY THE COSTS OF ISSUING THE SERIES 2013B BONDS. THE 2013 C BONDS WERE ISSUED FOR THE PURPOSE OF PROVIDING FUNDS (I) TO CURRENTLY REFUND THE UNIVERSITY'S VARIABLE RATE REVENUE BONDS, SERIES 2009A AND (II) TO PAY THE COSTS OF ISSUING THE 2013C BONDS. Scholarship 1000 Tuition 16174 Patrick Harker University President 1717309 PEPCO Utility Payments false Patrick Harker University President 140000 Decision Lens Payment false Michael Moore Spouse of Kathleen Matt 144272 Employment false Timothy Targett Spouse of Nancy Targett 152988 Employment false Phillip Mink Spouse of Ann Ardis 68518 Employment false Lynn Jacobson Spouse of Carl Jacobson 69052 Employment false James Borel University Trustee 182667 DuPont Company Payments false James Borel University Trustee 35000 DuPont Company Research Grants false Howard Cosgrove University Trustee 657048 NRG Research Grants false LINES 1 AND 2 PATRICK HARKER DR, HARKER, PRESIDENT OF THE UNIVERSTIY, IS A DIRECTOR ON THE BOARD OF DIRECTORS OF PEPCO HOLDINGS INC. PEPCO HOLDINGS INC. OWNS DELMARVA POWER AND LIGHT AS WELL AS PEPCO ENERGY SERVICES, INC., WHICH PROVIDES ELECTRIC UTILITY SERVICES TO THE UNIVERSITY OF DELAWARE. THESE ELECTRIC UTILITY SERVICES ARE PROVIDED TO THE UNIVERSITY OF DELAWARE ON AN ARM'S LENGTH BASIS. THE SERVICES DURING FISCAL 2014 WERE IN THE AMOUNT OF $1,717,309. DR. HARKER IS MEMBER OF THE BOARD OF ADVISORS OF DECISION LENS, INC. SERVICES BY DECISION LENS, INC. WERE PROVIDED ON AN ARM'S LENGTH BASIS. THE SERVICES DURING FISCAL 2014 WERE IN THE AMOUNT OF $140,000 LINES 7 AND 8 JAMES BOREL JAMES BOREL, A UNIVERSITY TRUSTEE, IS AN OFFICER OF THE DUPONT COMPANY. THE UNIVERSITY PAID DUPONT FOR SERVICES IN THE AMOUNT OF $182,667. IN ADDITION THE UNIVERSITY RECEIVED GRANT PAYMENTS FOR SPONSORED RESEARCH FROM DUPONT IN THE AMOUNT OF $35,000 DURING FISCAL 2014. LINES 9 HOWARD COSGROVE HOWARD COSGROVE, A UNIVERSITY TRUSTEE, IS CHAIRMAN OF THE BOARD OF NRG ENERGY, INC. THE UNIVERSITY RECEIVED $657,048 IN GRANT PAYMENTS FOR SPONSORED RESEARCH FROM NRG ENERGY DURING FISCAL 2014. X 20 54846 Opinions of experts X 164276 Opinions of experts X 7029 Opinions of experts X 119 3232355 Median Stock Value X 35 33137 Opinions of Experts X 1 10000 Opinions of Experts X Lab Equipment 6 765555 Opinions of experts X Manniquins 1 499 Replacement Value X Billboards 11 12900 Fair Rental Value 3 false true false Form 990, Part VI, Line 7a Eight of the University's trustees shall be appointed by the Governor, by and with the consent of a majority of the members elected to the Senate Form 990, Part VI, Line 11b The University's Form 990 is prepared by the University's Finance Office and signed by the Vice President for Finance. The Form 990 is reviewed by additional members of University management, including the Executive Vice President/ Treasurer and the General Counsel. It is also reviewed by the University's independent tax advisors who sign the return as "Paid Preparers." The Audit Visiting Committee of the Board of Trustees reviews and discusses the full Form 990 at its spring meeting (held in April 2015). Additionally, the full Form 990 is provided to the full Board of Trustees prior to the filing of the Form 990 with the IRS. Form 990, Part VI, Line 12c The Board of Trustees, Officers and key employees of the University, by virtue of their offices, have a fiduciary relationship with the University which requires that they act in good faith and with fidelity to the University's best interests. The University has written conflict of interest policies which are intended to permit the University and its Trustees, Officers and other key employees to identify, evaluate and address any conflict of interest that might call into question this fiduciary duty to the University. The conflict of interest policy covering Trustees is documented in the Bylaws of the Board of Trustees of the University, Section 1.4. The conflict of interest policies covering Officers and other senior administrators is documented in University policy 4-26, Policy on Disclosing and Managing Senior Administrators' Financial Conflicts of Interest. Conflict of interest policies covering other key employees are documented in the following University policies: 4-41, Professional and Salaried Staff Code of Ethics and 6-11, Faculty and Professional Staff Involvement in Commercial Enterprises that have Relationships with the University of Delaware. Each Trustee, Officer and key employee is required to report any conflicts of interest to the University as soon as practical after they become aware of such a conflict. Each Trustee, Officer and key employee shall also annually complete a Conflict of Interest Questionnaire. The University monitors compliance with its conflict of interest policies by review of the annual conflict of interest questionnaires by the Office of General Counsel and the office of the Vice President for Finance. If conflicts of interest exist for officers and key employees, the President (or his designee) determines the corrective measure, if any, to be taken to resolve the conflict, or will impose appropriate restrictions, if any on the person with the conflict. For conflicts of interest involving the President or Trustees, the Audit Visiting Committee of the Board of Trustees will be notified of the conflict and will recommend to the Executive Committee of the Board of Trustees the corrective measures, if any, to be taken to resolve the conflict or appropriate restrictions, if any, to be imposed on the person with the conflict. The Executive Committee of the Board of Trustees, excluding such conflicted person, has the final approval of any recommended corrective measures or imposed restrictions. Such restrictions require excluding conflicted persons from discussion and approval of transactions benefitting them, directly or indirectly. Form 990, Part VI, Line 15a The compensation of all Officers of the University is reviewed and approved annually by the Compensation Committee of the Board of Trustees, and is subsequently reviewed and approved by the Executive Committee of the Board of Trustees. Such process includes the use of benchmark compensation data and 3rd party experts. The Officers' compensation process is contemporaneously documented by the Compensation Committee of the Board of Trustees. The compensation of key employees is set by their respective supervising Officer within the constraints of the University's operating budget, which is reviewed and approved by the Finance Committee of the Board of Trustees, and subsequently by the full Board of Trustees. The Key Employees' compensation process is contemporaneously documented by the University. Form 990, Part VI, Line 15b See above Form 990, Part VI, Line 19 The University's governing documents, conflict of interest policies and audited financial statements are available as public information on the University's website, and in hardcopy upon request. In addition, the University's Form 990, Form 990-T and IRS Determination Letter are made available for public review upon request. FORM 990, PART XI, LINE 9 DECREASE IN POSTRETIREMENT BENEFIT OBLIGATION $1,873,031 BLUE HEN HOTEL LLC HULLIHEN HALL STE 220 NEWARK DE 19716 510411499 HOTEL DE 5674053 16277469 Univ of DE 1743 HOLDINGS LLC HULLIHEN HALL STE 220 NEWARK DE 19716 271332816 RESEARCH DE 1125000 41212223 Univ of DE University of DE Alumni Assoc Inc 24 E MAIN STREET NEWARK DE 19716 516016065 SCHOLARSHIP DE 501(C )(3) 11-III FI NA false UNIVERSITY OF DELAWARE RESEARCH FDN 220 HULLIHEN HALL NEWARK DE 19716 516017306 RESEARCH DE 501(C )(3) 11-III O NA false UNIVERSITY OF DE LIBRARY ASSOCIATES INC UNIVERSITY OF DE LIBRARY NEWARK DE 19716 516017971 DONATIONS DE 501(C )(3) 11-III FI NA false BARTOL RESEARCH FDN CO FRANKLIN INSTIT 222 N 20TH STREET PHILADELPHIA PA 19103 232482657 RESEARCH PA 501(C )(3) 11-I Franklin Ins false KARL W BOER SOLAR ENERGY MEDAL OF MERIT C/O RALF R BOER TRUSTEE MILWAUKEE WI 53202 396596448 AWARD DE 501(C )(3) 11-I NA false UNIDEL Foundation Inc PO BOX 1146 Wilmington DE 19899 516015046 GRANTS DE 501(C )(3) 11-III O NA false ARLINGTON FUND 1 LLC 100 SUMMER STREET BOSTON MA 02110 470900223 INVESTMENTS DE Univer of DE 20539692 193440153 false true 0.99000 FIRST STATE MARINE WIND LLC 2050 CABOT BOULEVARD WEST LANGHORNE PA 19047 383809186 PWR GENERAT DE Blue Hen Wd -45625 2702520 false true 0.68800 BLUE HEN WIND INC 124 C HULLIHEN NEWARK DE 19716 352377140 INVESTMENTS DE NA C Corp -93788 2645679 1.00000 true University of DE Student Housing FND 220 Hullihen Hall Newark DE 19716 311779506 Inactive DE NA C Corp 1.00000 true false false true false false false false false false false false false false true true false false false false University of DE Library Associates Inc c 100000 Cash Dist. University of DE Research Foundation c 210000 Cash Dist. UNIDEL Foundation Inc c 9700000 Cash Dist. University of DE Alumni Association Inc c 87882 Cash Dist. Bartol Research Foundation c 8139109 Cash Dist. See Sch RPart VII Supplemental Info n See Sch RPart VII Supplemental Info o SCHEDULE R, PART V, LINE 2 (N) & (O) THE UNIVERSITY PROVIDES, WITHOUT COMPENSATION, BOOKKEEPING AND OTHER ADMINISTRATIVE SERVICES TO THE UNIVERSITY OF DELAWARE ALUMNI ASSOCIATION, UNIVERSITY OF DELAWARE RESEARCH FOUNDATION, UNIVERSITY OF DELAWARE LIBRARY ASSOCIATES, INC., BLUE HE WIND INC. AND FIRST STATE MARINE WIND LLC. UNIVERISTY PERSONNEL RECEIVE NO COMPENSATION FROM THESE ORGANIZATIONS.