2015-05-15T14:02:40-05:00 2014-06-30 990 2013-07-01 231352630 DREXEL UNIVERSITY DREX 2158952000 3201 ARCH STREET NO 420 PHILADELPHIA PA 191042875 HELEN Y BOWMAN EXECUTIVE VP, TREASURER & CFO 2158952803 2015-05-13 2013 2016-04-25 22:37:26Z JOHN A FRY 3141 CHESTNUT ST PHILADELPIA PA 19104 1071770462 0 X WWW.DREXEL.EDU X 1894 PA INTEGRATED ACADEMIC OFFERINGS ENHANCED BY TECHNOLOGY, COOPERATIVE EDUCATION AND CLINICAL PRACTICE 49 42 10998 2347 5439264 2539956 127243677 114184550 755725028 803242706 46749763 75991061 8881261 12842342 938599729 1006260659 215965279 244811659 0 0 381792930 412967814 159750 148057 12554603 257678181 273390438 855596140 931317968 83003589 74942691 1456031639 1533325554 714006723 728415365 742024916 804910189 X DREXEL UNIVERSITY FULFILLS OUR FOUNDER'S VISION OF PREPARING EACH NEW GENERATION OF STUDENTS FOR PRODUCTIVE PROFESSIONAL AND CIVIC LIVES WHILE ALSO FOCUSING OUR COLLECTIVE EXPERTISE ON SOLVING SOCIETY'S GREATEST PROBLEMS. DREXEL IS AN ACADEMICALLY COMPREHENSIVE AND GLOBALLY ENGAGED URBAN RESEARCH UNIVERSITY, DEDICATED TO ADVANCING KNOWLEDGE AND SOCIETY AND TO PROVIDING EVERY STUDENT WITH A VALUABLE, RIGOROUS, EXPERIENTIAL, TECHNOLOGY-INFUSED EDUCATION, ENRICHED BY THE NATION'S PREMIER CO-OPERATIVE EDUCATION PROGRAM. 0 0 710144954 220305361 799010896 INSTRUCTIONDREXEL IS A COMPREHENSIVE NATIONAL RESEARCH UNIVERSITY DEDICATED TO PROVIDING QUALITY UNDERGRADUATE, GRADUATE AND PROFESSIONAL EDUCATION FEATURING EXCELLENT ACADEMICS, STATE-OF-THE-ART TECHNOLOGY AND A FOCUS ON REAL-WORLD LEARNING AND SERVICE. THE UNIVERSITY'S MISSION SERVES TRADITIONAL, ADULT AND ONLINE STUDENTS. DREXEL OFFERS NATIONALLY ACCREDITED PROGRAMS THAT MEET THE CHANGING NEEDS OF SOCIETY, INCLUDING MORE THAN 70 BACHELOR'S DEGREE PROGRAMS AND MORE THAN 120 GRADUATE AND PROFESSIONAL DEGREE PROGRAMS ORGANIZED IN 14 COLLEGES AND SCHOOLS: COLLEGE OF ARTS AND SCIENCES; SCHOOL OF BIOMEDICAL ENGINEERING, SCIENCE AND HEALTH SYSTEMS; BENNETT S. LEBOW COLLEGE OF BUSINESS; COLLEGE OF COMPUTING & INFORMATICS; SCHOOL OF EDUCATION; COLLEGE OF ENGINEERING; CHARLES D. CLOSE SCHOOL OF ENTREPRENEURSHIP; PENNONI HONORS COLLEGE; THOMAS R. KLINE SCHOOL OF LAW; ANTOINETTE WESTPHAL COLLEGE OF MEDIA ARTS & DESIGN; COLLEGE OF MEDICINE; COLLEGE OF NURSING AND HEALTH PROFESSIONS; RICHARD C. GOODWIN COLLEGE OF PROFESSIONAL STUDIES AND SCHOOL OF PUBLIC HEALTH. A STRATEGIC PLAN THROUGH 2019, "TRANSFORMING THE MODERN URBAN UNIVERSITY," GUIDES DREXEL'S EFFORTS TO INVEST FURTHER IN ACADEMIC EXCELLENCE, SERVE MORE STUDENTS WHILE IMPROVING THE STUDENT EXPERIENCE AND ENHANCE THE UNIVERSITY'S GLOBAL IMPACT. THE PLAN PAYS SPECIAL ATTENTION TO ENSURING THAT DREXEL'S ACADEMIC ENTERPRISE HELPS STRENGTHEN THE NEIGHBORHOODS AROUND ITS CAMPUSES. DREXEL IS THE LEAD ACADEMIC PARTNER IN THE APPLICATION AND IMPLEMENTATION PROCESS FOR THE FEDERAL PROMISE ZONE IN WEST PHILADELPHIA, ONE OF FIVE LOCATIONS CHOSEN FOR A NEW WHITE HOUSE INITIATIVE TO DIRECT RESOURCES TO THE NATION'S MOST PERSISTENTLY POVERTY-STRICKEN COMMUNITIES.THE ACADEMY OF NATURAL SCIENCES OF DREXEL UNIVERSITY HAS HELPED EXPAND THE WAY DREXEL'S ACADEMIC ENTERPRISE SERVES SOCIETY. THE JOINT BEES DEPARTMENT (BIODIVERSITY, EARTH AND ENVIRONMENTAL SCIENCE) FEATURES ACADEMY SCIENTISTS NOW SERVING AS DREXEL PROFESSORS. OTHER RECENT NEW ACADEMIC PROGRAMS AT DREXEL INCLUDE MASTER'S DEGREES IN LEGAL STUDIES AND ECONOMICS AND THE BACHELOR OF ARTS IN ENTREPRENEURSHIP AND INNOVATION, WHICH MAKES THE CHARLES D. CLOSE SCHOOL OF ENTREPRENEURSHIP THE FIRST FREESTANDING ENTREPRENEURSHIP SCHOOL TO OFFER A DEGREE.DREXEL HAS MADE A STRATEGIC COMMITMENT TO HELP IMPROVE THE NATION'S GLOBAL COMPETITIVENESS BY INCREASING STUDENTS' INTERNATIONAL ENGAGEMENT TO BUILD CULTURAL COMPETENCIES. IN RECENT YEARS THE UNIVERSITY HAS GROWN THE NUMBER OF STUDY ABROAD OPPORTUNITIES BY MORE THAN A QUARTER AND THE NUMBER OF GLOBAL POSITIONS IN DREXEL'S SIGNATURE COOPERATIVE EDUCATION PROGRAM BY A THIRD, WHILE TRIPLING BOTH THE PROGRAMMING OF THE OFFICE OF INTERNATIONAL PROGRAMS AND THE TOTAL NUMBER OF INITIATIVES AT DREXEL THAT SUPPORT CROSS-CULTURAL EDUCATION AND ENGAGEMENT.UNDERGRADUATE ENROLLMENT FOR ACADEMIC YEAR 2013-2014 = 16,869GRADUATE AND PROFESSIONAL ENROLLMENT FOR ACADEMIC YEAR 2013-2014 = 7,468 NUMBER OF DEGREES CONFERRED IN ACADEMIC YEAR 2013-2014: ASSOCIATE DEGREES = 19 BACHELOR'S DEGREES = 3,243 MASTER'S DEGREES = 2,313 DOCTORAL DEGREES = 402 CERTIFICATES AND OTHER = 275 105703176 24506298 11221175 RESEARCHDREXEL RESEARCHERS WORK ACROSS DISCIPLINES TO INCREASE THE WORLD'S STORE OF KNOWLEDGE AND TRANSLATE THAT NEW KNOWLEDGE INTO SOLUTIONS WITH TREMENDOUS POSITIVE IMPACT ON SOCIETY. THE UNIVERSITY'S RESEARCH ENTERPRISE CONTINUES TO GROW AND ATTRACT INCREASING EXTRAMURAL SUPPORT, INCLUDING SPONSORED RESEARCH FUNDING OF $106.3 MILLION IN FY2014. DREXEL HAS DEEP EXPERTISE IN TRANSLATIONAL RESEARCH, WHICH IS RIGOROUS ACADEMIC WORK THAT TANGIBLY TRANSLATES INTO INTELLECTUAL PROGRESS AND SOCIAL GOOD. ONE OF THE WORLD'S TOP 100 PATENTING UNIVERSITIES ACCORDING TO THE INTELLECTUAL PROPERTY OWNERS ASSOCIATION, DREXEL STRIVES TO CREATE COMMERCIAL TECHNOLOGIES THAT POSITIVELY IMPACT HEALTH AND QUALITY OF LIFE.DREXEL IS COMMITTED TO USING ITS RESEARCH AND TECHNOLOGICAL EXPERTISE TO BECOME AN EVEN MORE POWERFUL ECONOMIC ENGINE FOR GREATER PHILADELPHIA, HELPING TO CREATE NEW HIGH-TECH BUSINESSES AND JOBS. THE UNIVERSITY HAS ACQUIRED AND IS DEVELOPING 12 ACRES OF TRADITIONALLY UNDERUTILIZED LAND ADJACENT TO CAMPUS AND AMTRAK 30TH STREET STATION TO CREATE THE INNOVATION NEIGHBORHOOD, A MIXED-USE PROJECT THAT WILL ATTRACT CORPORATIONS, ENTREPRENEURS AND ACADEMIC PARTNERS INTERESTED IN TAKING ADVANTAGE OF SYNERGIES WITH DREXEL'S ACADEMIC AND RESEARCH PROGRAMS.. DREXEL'S RESEARCHERS CONTINUE TO BUILD THE GLOBAL PARTNERSHIPS THAT WILL BE CRITICAL TO CREATE 21ST-CENTURY SOLUTIONS TO AMERICA'S CHALLENGES. ONE EXAMPLE IS A THREE-WAY COLLABORATION BETWEEN DREXEL, CHILDREN'S HOSPITAL OF PHILADELPHIA AND HEBREW UNIVERSITY OF JERUSALEM, ISRAEL, FOCUSED ON LIFE-SAVING PEDIATRIC RESEARCH. TWO CROSS-INSTITUTIONAL TEAMS SUPPORTED BY THE PARTNERSHIP ARE RESEARCHING TREATMENTS FOR CONGENITAL HEART DEFECTS IN INFANTS.DURING FY14, DREXEL UNIVERSITY CONDUCTED RESEARCH ON THE FOLLOWING RESEARCH GRANTS:FEDERALLY SPONSORED RESEARCH - 719 GRANTSSTATE OF PENNSYLVANIA SPONSORED RESEARCH - 82 GRANTSCITY OF PHILADELPHIA CONTRACTS - 17 GRANTSPRIVATE FOUNDATION SPONSORED RESEARCH - 198 GRANTSINDUSTRY SPONSORED RESEARCH - 77 GRANTS 815848130 1 1 0 1 0 0 0 1 0 1 1 1 0 0 1 1 0 1 1 0 1 1 1 1 1 0 0 1 1 1 1 0 1 0 0 0 1 1 0 1 1 1 1 0 0 0 1 1 1 0 0 1 X 29917 0 1 10998 1 1 1 1 EK 1 1 1 0 1 1 0 0 0 0 X 49 42 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 1 1 PA X TAX OFFICE 2158951463 3201 ARCH STREET SUITE 420 PHILADELPHIA PA 19104 RENEE AMOORE TRUSTEE 2.00 X 0 0 0 PAUL MEL BAIADA TRUSTEE 2.00 X 0 0 0 ROBERT R BUCKLEY TRUSTEE 2.00 X 0 0 0 RANDALL S BURKERT TRUSTEE 2.00 X 0 0 0 HONORABLE IDA K CHEN TRUSTEE 2.00 X 0 0 0 KATHLEEN P CHIMICLES TRUSTEE 2.00 X 0 0 0 ABBIE DEAN TRUSTEE 2.00 X 0 0 0 NICHOLAS DEBENEDICTIS TRUSTEE 2.00 X 0 0 0 RICHARD J DEPIANO TRUSTEE 2.00 X 0 0 0 GERIANNE TRINGALI DIPIANO TRUSTEE 2.00 X 0 0 0 ROBERT J DRUMMOND TRUSTEE 2.00 X 0 0 0 BRIAN FORD TRUSTEE 2.00 X 0 0 0 SEAN J GALLAGHER TRUSTEE 2.00 X 0 0 0 RICHARD A GREENAWALT CHAIRMAN 2.00 X X 0 0 0 RICHARD A HAYNE VICE CHAIR 2.00 X X 0 0 0 NINA HENDERSON TRUSTEE 2.00 X 0 0 0 PATRICIA IMBESI TRUSTEE 2.00 X 0 0 0 JOSEPH H JACOVINI ESQ TRUSTEE 2.00 X 0 0 0 J MICHAEL LAWRIE TRUSTEE 2.00 X 0 0 0 ROBERT J MONGELUZZI TRUSTEE 2.00 X 0 0 0 DENIS P O'BRIEN TRUSTEE 2.00 X 0 0 0 D HOWARD PIERCE TRUSTEE 2.00 X 0 0 0 CHARLES P PIZZI TRUSTEE 2.00 X 0 0 0 WILLIAM T SCHLEYER TRUSTEE 2.00 X 0 0 0 NICHOLAS S SCHORSCH TRUSTEE 2.00 X 0 0 0 STEPHEN A SHELLER ESQ TRUSTEE 2.00 X 0 0 0 STANLEY W SILVERMAN VICE CHAIR 2.00 X X 0 0 0 MANUEL N STAMATAKIS TRUSTEE 2.00 X 0 0 0 CHARLES K VALUTAS TRUSTEE 2.00 X 0 0 0 CELESTINO R PENNONI TRUSTEE 2.00 X 0 0 0 JOHN A FRY PRESIDENT 40.00 X X 1271335 0 231264 RAPHAEL C LEE TRUSTEE 2.00 X 0 0 0 SALLY J BELLET TRUSTEE 2.00 X 0 0 0 GREGORY S BENTLEY TRUSTEE 2.00 X 0 0 0 CARL M BUCHHOLZ TRUSTEE 2.00 X 0 0 0 DOMENIC M DIPIERO III TRUSTEE 2.00 X 0 0 0 CYNTHIA P HECKSCHER TRUSTEE 2.00 X 0 0 0 ALAN C KESSLER TRUSTEE 2.00 X 0 0 0 THOMAS R KLINE TRUSTEE 2.00 X 0 0 0 ROBERT LEWIS TRUSTEE 2.00 X 0 0 0 MICHAEL A RASHID TRUSTEE 2.00 X 0 0 0 MICHAEL J WILLIAMS TRUSTEE 2.00 X 0 0 0 JOEL KOPPELMAN TRUSTEE 2.00 X 0 0 0 R JOHN CHAPEL JR TRUSTEE 2.00 X 0 0 0 RICHARD ILL TRUSTEE 2.00 X 0 0 0 DAVID R GELTZER TRUSTEE 2.00 X 0 0 0 RICHELLE P PARHAM TRUSTEE 2.00 X 0 0 0 ROBERT F POWELSON TRUSTEE 2.00 X 0 0 0 IRA M TAFFER TRUSTEE 2.00 X 20487 0 4196 MICHAEL J EXLER ESQ SECRETARY 40.00 X 367584 0 44883 HELEN BOWMAN SVP FINANCE/CFO/TREASURER 40.00 X 576126 0 39783 MARK GREENBERG PROVOST 40.00 X 534921 0 44883 ELIZABETH DALE SVP INST ADVANCEMENT 40.00 X 561582 0 37056 JAMES TUCKER SVP STUDENT LIFE & ADMIN 40.00 X 444917 0 28746 JOAN MCDONALD SVP ENROLLMENT MANAGEMENT 40.00 X 389770 0 28746 DONNA MURASKO PHD DEAN-SCHOOL OF ARTS & SCIE 40.00 X 336019 0 44883 BRIAN KEECH SVP GOVERNMENT & COMMUNITY RELATIONS 40.00 X 281065 0 39741 LORI DOYLE SVP UNIVERSITY COMMUNICATI 40.00 X 366558 0 44851 JOSEPH B HUGHES DEAN-COLLEGE OF ENGINEERIN 40.00 X 365226 0 39791 KEITH A ORRIS SVP CORPORATE RELATIONS & ECONOMIC DEVELOPMENT 40.00 X 407291 0 41172 RALPH WALKLING PHD CHAIR-DEPARTMENT OF FINANC 40.00 X 387486 0 42570 GEORGE TSETSEKOS PHD DEAN-LEBOW COLLEGE OF BUSI 40.00 X 387589 0 44883 JAMES FLINT JR HEAD COACH, ATHLETICS 40.00 X 446213 0 39783 ROGER DENNIS DEAN - SCHOOL OF LAW 40.00 X 364504 0 28746 MARLA GOLD PROFESSOR - SCHOOL OF PUBLIC HEALTH 40.00 X 375695 0 38779 ERIC J OLSON FORMER INTERIM SVP FINANCE 40.00 X 170001 0 26512 8054369 0 891268 739 1 1 0 KEATING BUILDING CORPORATION THE PHOENIX SUITE 300 1600 ARCH S PHILADELPHIA PA 19103 CONSTRUCTION SERVICES 29365548 SODEXO SERVICES 203 N 34TH STREET PHILADELPHIA PA 19104 FOOD SERVICES 19381138 TURNER CONSTRUCTION COMPANY 1835 MARKET STREET 21ST FLOOR PHILADELPHIA PA 19103 CONSTRUCTION SERVICES 6982775 CANUSO JORDEN INC 1839 BUSTLETON PIKE TREVOSE PA 19053 BUILDING CONTRACTOR 5878080 UNICCO SERVICES COMPANY 4002 SOLUTIONS CENTER CHICAGO IL 606774400 MECHANICAL/CUSTODIAL 5874712 115 562351 18463061 78274540 16884598 1819604 114184550 TUITION AND FEES 900099 713791550 713791550 AUXILIARY ENTERPRISES 611710 74919637 74919637 OTHER PROGRAM SERVICES 611710 12566298 12566298 EDUCATIONAL ACTIVITIES 611600 1965221 1965221 803242706 76006822 76006822 75500 75500 152690 152690 635612 150840 484772 484772 484772 64925000 65016261 -91261 -91261 -91261 118953 562351 342702 -223749 -223749 MISCELLANEOUS REVENUE 900099 8569675 6454556 2115119 APPLICATION SVC PROG 541519 3385455 3385455 STUDENT FEES & FINES 900099 534809 534809 -61310 -61310 12428629 1006260659 810232071 5439264 76404774 23881072 23881072 188226815 188226815 32703772 32703772 6481781 2082472 3451113 948196 323595737 269539634 46704086 7352017 24733104 20494392 3639506 599206 36836165 30330894 5584853 920418 21321027 17545158 3239725 536144 153220 403 152817 2798913 261521 2537392 985163 985163 459115 459115 148057 148057 1041266 1041266 37226418 29788342 6927907 510169 3325050 2269622 1044447 10981 28112556 22633924 5045183 433449 16693572 12505146 4174597 13829 1178248 1146987 31261 43051865 39023601 4024887 3377 12623984 11425704 954824 243456 6801797 5695795 956094 149908 18385080 18385080 33689380 33689380 31816686 29102723 2713963 6695551 5042520 1546207 106824 BAD DEBT EXPENSE 10053001 10052938 63 MISCELLANEOUS 3945911 238625 3612220 95066 RECRUITING 3914124 3310424 603262 438 PROFESSIONAL MEMBERSHIP 1923949 1219506 617768 86675 8515589 4792565 3326631 396393 931317968 815848130 102915235 12554603 28125 26819 46998063 44637572 115912882 105302331 54989437 79957083 72000 54000 10591079 11272891 1094630631 305512884 722102625 789117747 398164021 392168431 78605000 81716000 24991722 25674774 3576685 3397906 1456031639 1533325554 143896213 142818828 74762171 102799810 434484775 428346444 197573 85936 60665991 54364347 714006723 728415365 X 437231934 503230902 187035581 176691055 117757401 124988232 742024916 804910189 1456031639 1533325554 X 74942691 -11556028 -501390 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 0 0 1 110643 0 0 1 348472 0 0 459115 0 PART II-B, LINE 1: LINE A - VOLUNTEERS: DREXEL UNIVERSITY HAS USED VOLUNTEERS TO HELP GET OUR MESSAGE TO ELECTED OFFICIALS. STUDENT VOLUNTEERS PARTICIPATE IN ACTIVITIES SUCH AS STUDENT LOBBYING DAY, SPONSORED BY THE ASSOCIATION FOR INDEPENDENT COLLEGES AND UNIVERSITIES, DURING WHICH STUDENTS TRAVEL TO HARRISBURG TO MEET THEIR ELECTED OFFICIALS. THIS PROGRAM IS DONE IN CONJUNCTION WITH THE STUDENT GOVERNMENT ASSOCIATION. LINE D - MAILINGS TO MEMBERS, LEGISLATORS OR THE PUBLIC: IN CASES WHERE LEGISLATION MAY OR WILL AFFECT THE UNIVERSITY, ITS SUBSIDIARIES OR HIGHER EDUCATION IN GENERAL, WE MAKE CONTACT WITH LEGISLATORS THROUGH MAILINGS. THESE ARE PERSONALIZED MAILINGS RATHER THAN DIRECT MAIL CAMPAIGNS. LINE G - DIRECT CONTACT WITH LEGISLATORS, THEIR STAFFS, GOVERNMENT OFFICIALS, OR A LEGISLATIVE BODY: WE HAVE DIRECT CONTACT WITH OUR LEGISLATORS, THEIR STAFFS, AND VARIOUS GOVERNMENT OFFICIALS THROUGHOUT THE YEAR VIA PHONE CALLS, WRITTEN CORRESPONDENCE, AND MEETINGS. THE FREQUENCY OF CONTACT DEPENDS ON THE ISSUES AT HAND. 9207994 X X X 0 390238000 -7443000 56103000 4458144 12753856 421686000 364097000 13767000 28541000 4427242 11739758 390238000 382586000 4517000 1307000 4420686 19892314 364097000 305402000 35214000 58733000 4275410 12487590 382586000 290578000 5991000 26089000 4623190 12632810 305402000 0.45440 0.28680 0.25880 0 0 92717338 92717338 841237378 209001163 632236215 13980688 8202484 5778204 100107377 61681812 38425565 46587850 26627425 19960425 789117747 ALTERNATIVE INVESTMENTS 50835000 F REAL ESTATE & REAL ASSETS 30881000 F 81716000 DEPOSITS 22069642 GOVERNMENT ADVANCES FOR STUDENT LOANS 14176642 DUE TO AFFILIATES 15251507 CAPITAL LEASE, ARMORY 2866556 54364347 X PART III, LINE 4: THE DREXEL COLLECTION, FOUNDED BY A.J. DREXEL IN 1892, CONSISTS OF 6,000 OBJECTS. THE FOCUS OF THE COLLECTION IS PRIMARILY 19TH CENTURY EUROPEAN ART INCLUDING PAINTINGS, SCULPTURE, PRINTS AND DRAWINGS, PORCELAIN, SILVER AND FURNITURE. THE DREXEL COLLECTION IS DISPLAYED IN THREE GALLERIES - THE ANTHONY J. DREXEL PICTURE GALLERY, THE RINCLIFFE GALLERY AND THE GALLERY IN THE PAUL PECK ALUMNI CENTER. THE GALLERIES ARE OPEN TO THE STUDENTS, FACULTY, STAFF AND THE PUBLIC. OBJECTS FROM THE PERMANENT COLLECTION ARE DISPLAYED IN THE ANTHONY J. DREXEL PICTURE GALLERY WHICH IS VISITED BY POTENTIAL STUDENTS AND THEIR FAMILIES - APPROXIMATELY 75 VISITORS DAILY. IN ADDITION, THE GALLERY IS OPEN TO THE PUBLIC DAILY FROM 3:30 - 5:30. THE RINCLIFFE GALLERY DISPLAYS OBJECTS FROM OUR DECORATIVE ARTS COLLECTION. THERE IS A NEW EXHIBITION EVERY TWO MONTHS. THE GALLERY IS OPEN FROM 8:00 AM - 8:00 PM. THE GALLERY IN THE PAUL PECK ALUMNI CENTER IS VISITED BY DREXEL FACULTY AND STAFF FOR MEETINGS AND RECEPTIONS. THERE IS NO CHARGE TO VISIT THE ART COLLECTION IN ANY OF THE GALLERIES. PART V, LINE 4: DREXEL UNIVERSITY HAD AN ENDOWMENT SPENDING RULE THAT LIMITED THE SPENDING OF ENDOWMENT RESOURCES TO 4.75% OF THE AVERAGE MARKET VALUE OF THE POOLED ENDOWMENT PORTFOLIO FOR THE PRIOR SEVEN FISCAL YEARS. TO THE EXTENT THAT CURRENT YIELD IS INADEQUATE TO MEET THE SPENDING RULE, A PORTION OF CUMULATIVE REALIZED NET GAINS IS AVAILABLE FOR CURRENT USE. ENDOWMENT RESOURCES ARE USED TO FUND SCHOLARSHIPS, ACADEMIC PROGRAMS AND PROFESSORSHIPS. PART X, LINE 2: THE UNIVERSITY HAS BEEN GRANTED TAX-EXEMPT STATUS AS A NONPROFIT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND, ACCORDINGLY, FILES FEDERAL TAX FORM 990 (RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX) ANNUALLY. NO PROVISION FOR INCOME TAXES IS REQUIRED IN THE UNIVERSITY FINANCIAL STATEMENTS. HOWEVER, DEL, A FOR-PROFIT SUBSIDIARY OF THE UNIVERSITY DOES RECORD A PROVISION FOR INCOME TAXES WHICH IS IMMATERIAL TO THE UNIVERSITY'S CONSOLIDATED FINANCIAL STATEMENTS. THE UNIVERSITY FILES U.S. FEDERAL, STATE AND LOCAL INFORMATION RETURNS AND NO RETURNS ARE CURENTLY UNDER EXAMINATION. THE STATUTE OF LIMITATIONS ON THE UNIVERSITY'S U.S. FEDERAL INFORMATION RETURNS REMAINS OPEN FOR THREE YEARS FOLLOWING THE YEAR THEY ARE FILED. THE UNIVERSITY AND ITS AFFILIATES DO FROM TIME TO TIME INCUR INCIDENTAL ACTIVITIES THAT ARE SUBJECT TO UNRELATED BUSINESS INCOME FOR WHICH APPROPRIATE INCOME TAX RETURNS ARE FILED. THIS PRIMARILY INCLUDES INCOME FROM INVESTMENTS HELD IN THE ENDOWMENT FUND FOR WHICH THE INVESTMENT MANAGER HAS REPORTED UNRELATED BUSINESS INCOME ON A SCHEDULE K-1 ALONG WITH INCOME FROM CERTAIN CONSULTING AND CONFERENCE SERVICES. THE FINANCIAL ACCOUNTING STANDARDS BOARD ("FASB") ISSUED ACCOUNTING STANDARDS CODIFICATION ("ASC") 740-10, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, WHICH REQUIRES THAT A TAX POSITION BE RECOGNIZED OR DERECOGNIZED BASED ON A "MORE LIKELY THAN NOT" THRESHOLD. THE UNIVERSITY DOES NOT BELIEVE ITS FINANCIAL STATEMENTS INCLUDE ANY UNCERTAIN TAX POSITIONS. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 DREXEL UNIVERSITY INCLUDES ITS RACIALLY NONDISCRIMINATORY POLICY IN NEWSPAPER AND MAGAZINE ADVERTISING DURING REGISTRATION PERIODS AND IN STUDENT BROCHURES. SCHEDULE E, PART I, LINE 5 DREXEL UNIVERSITY WAS FOUNDED UPON THE PRINCIPLE OF DIVERSITY AS AN EDUCATIONAL GOAL AND REMAINS COMMITTED TO THAT PRINCIPLE TODAY. IN 1892, NOTED FINANCIER, PHILANTHROPIST, AND ADVISOR TO U.S. PRESIDENTS, ANTHONY J. DREXEL CREATED THE DREXEL INSTITUTE OF ART, SCIENCE AND INDUSTRY TO PROVIDE HIGHER EDUCATION TO MEN AND WOMEN OF THE WORKING CLASS WHO WERE NOT WELCOME IN THE COLLEGES AND UNIVERSITIES OF THAT DAY. A.J.DREXEL ENVISIONED A LEARNING ENVIRONMENT IN WHICH YOUNG MEN AND WOMEN WOULD LEARN SKILLS AND ACQUIRE KNOWLEDGE IN SUBJECTS THAT WOULD PREPARE THEM FOR REWARDING CAREERS. DREXEL'S CO-OPERATIVE EDUCATION PROGRAM ENCOURAGES STUDENTS TO LEARN HOW TO WORK TOGETHER BY PLACING THEM IN REAL BUSINESS SETTINGS THAT ARE INCREASINGLY DIVERSE. WE HAVE EMBRACED DIVERSITY BECAUSE WE KNOW THERE IS NO OTHER WAY TO ENSURE OUR STUDENTS ARE PREPARED FOR A DIVERSE WORLD. WE WILL CONTINUE TO HONOR OUR FOUNDERS' VISIONS, CREATING A DIVERSE STUDENT COMMUNITY AS AN ESSENTIAL PART OF OUR MISSION. SCHEDULE E, PART I, LINE 6 DREXEL UNIVERSITY RECEIVES FUNDS FROM VARIOUS FEDERAL AND STATE GOVERNMENTAL AGENCIES UNDER THEIR RESPECTIVE STUDENT FINANCIAL AID ASSISTANCE PROGRAMS. FEDERAL PROGRAMS INCLUDE THE PELL GRANT PROGRAM, SUPPLEMENTAL EDUCATION OPPORTUNITY GRANT (SEOG) PROGRAM, COLLEGE WORK STUDY (CWS) PROGRAM AND PERKINS LOAN PROGRAM. THE STATE PROGRAM IS THE PENNSYLVANIA HIGHER EDUCATION ASSISTANCE PROGRAM FOR STUDENTS. IN ADDITION, THE UNIVERSITY IS AWARDED SPONSORED RESEARCH AND OTHER GRANTS BY VARIOUS FEDERAL AGENCIES, INCLUDING NSF AND HHS. 1 EUROPE 0 0 PROGRAM SERVICES ATHLETICS 18554 NORTH AMERICA 0 0 PROGRAM SERVICES ATHLETICS 2876 EUROPE 0 0 BUSINESS 5911 EAST ASIA AND THE PACIFIC 0 0 BUSINESS 2749 EUROPE 0 0 FUNDRAISING 8439 EAST ASIA AND THE PACIFIC 0 0 FUNDRAISING 2717 NORTH AMERICA 0 0 FUNDRAISING 39 SOUTH ASIA 0 0 PROGRAM SERVICES CONFERENCES/TRAVEL 3933 EUROPE 0 0 PROGRAM SERVICES CONFERENCES/TRAVEL 311746 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES CONFERENCES/TRAVEL 109768 SOUTH AMERICA 0 0 PROGRAM SERVICES CONFERENCES/TRAVEL 4437 SUB-SAHARAN AFRICA 0 0 PROGRAM SERVICES CONFERENCES/TRAVEL 21938 CENTRAL AMERICA 0 0 PROGRAM SERVICES CONFERENCES/TRAVEL 4970 RUSSIA 0 0 PROGRAM SERVICES CONFERENCES/TRAVEL 5823 MIDDLE EAST & NORTH AFRICA 0 0 PROGRAM SERVICES CONFERENCES/TRAVEL 8716 SOUTH ASIA 0 0 PROGRAM SERVICES RECRUITING 25135 EUROPE 0 0 PROGRAM SERVICES RECRUITING 32972 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES RECRUITING 109720 SOUTH AMERICA 0 0 PROGRAM SERVICES RECRUITING 10747 NORTH AMERICA 0 0 PROGRAM SERVICES RECRUITING 2144 SUB-SAHARAN AFRICA 0 0 PROGRAM SERVICES RECRUITING 3433 CENTRAL AMERICA 0 0 PROGRAM SERVICES RECRUITING 1989 MIDDLE EAST & NORTH AFRICA 0 0 PROGRAM SERVICES RECRUITING 87 SOUTH ASIA 0 0 PROGRAM SERVICES RESEARCH 1934 EUROPE 0 0 PROGRAM SERVICES RESEARCH 77126 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES RESEARCH 52411 SOUTH AMERICA 0 0 PROGRAM SERVICES RESEARCH 2298 NORTH AMERICA 0 0 PROGRAM SERVICES RESEARCH 14225 SUB-SAHARAN AFRICA 0 0 PROGRAM SERVICES RESEARCH 275907 CENTRAL AMERICA 0 0 PROGRAM SERVICES RESEARCH 2035 MIDDLE EAST & NORTH AFRICA 0 0 PROGRAM SERVICES RESEARCH 20954 EUROPE 0 0 PROGRAM SERVICES STUDY ABROAD 472767 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES STUDY ABROAD 14374 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES ATHLETICS 57 0 0 CENTRAL AMERICA 0 0 PROGRAM SERVICES STUDY ABROAD 166888 NORTH AMERICA 0 0 PROGRAM SERVICES CONFERENCES/TRAVEL 179418 SOUTH ASIA 0 0 FUNDRAISING 296 RUSSIA 0 0 PROGRAM SERVICES RECRUITING 2862 RUSSIA 0 0 PROGRAM SERVICES RESEARCH 812 SOUTH AMERICA 0 0 FUNDRAISING 326 MIDDLE EAST & NORTH AFRICA 0 0 FUNDRAISING 223 SOUTH AMERICA 0 0 PROGRAM SERVICES STUDY ABROAD 31860 NORTH AMERICA 0 0 PROGRAM SERVICES STUDY ABROAD 2704 MIDDLE EAST & NORTH AFRICA 0 0 PROGRAM SERVICES STUDY ABROAD 6000 0 0 0 0 0 0 45218 1979102 2024320 EUROPE RESEARCH 48258 WIRE EAST ASIA AND THE PACIFIC RESEARCH 400000 WIRE EAST ASIA AND THE PACIFIC RESEARCH 19698 WIRE EUROPE RESEARCH 59438 WIRE MIDDLE EAST AND NORTH AFRICA RESEARCH 16000 WIRE SOUTH ASIA RESEARCH 58832 WIRE EAST ASIA AND THE PACIFIC RESEARCH 23000 WIRE 6 1 SCHOLARSHIPS CENTRAL AMERICA AND THE CARIBBEAN 32 489432 CREDIT TO STUDENT ACCOUNTS SCHOLARSHIPS EAST ASIA AND THE PACIFIC 1437 17116531 CREDIT TO STUDENT ACCOUNTS SCHOLARSHIPS EUROPE 193 3946408 CREDIT TO STUDENT ACCOUNTS SCHOLARSHIPS MIDDLE EAST AND NORTH AFRICA 96 1340034 CREDIT TO STUDENT ACCOUNTS SCHOLARSHIPS NORTH AMERICA 44 649651 CREDIT TO STUDENT ACCOUNTS SCHOLARSHIPS RUSSIA AND NEWLY INDEPENDENT STATES 28 363800 CREDIT TO STUDENT ACCOUNTS SCHOLARSHIPS SOUTH AMERICA 54 893336 CREDIT TO STUDENT ACCOUNTS SCHOLARSHIPS SOUTH ASIA 431 5368273 CREDIT TO STUDENT ACCOUNTS SCHOLARSHIPS SUB-SAHARAN AFRICA 121 1911080 CREDIT TO STUDENT ACCOUNTS 0 0 0 0 0 0 PART I, LINE 2: THE PRINCIPAL INVESTIGATOR HAVING RESPONSIBILITY FOR THE GRANT MONITORS SUBCONTRACTOR PERFORMANCE BASED ON THE PROGRAM'S TASKS AND GOALS. THE PRINCIPAL INVESTIGATOR REVIEWS THE PERFORMANCE BEFORE AUTHORIZING THE SUBCONTRACTOR'S INVOICE FOR PAYMENT. 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188113562 AWARDS 139 113253 PART I, LINE 2: THE PRINCIPAL INVESTIGATOR HAVING RESPONSIBILITY FOR THE GRANT MONITORS SUBCONTRACTOR PERFORMANCE BASED ON THE PROGRAM'S TASKS AND GOALS. THE PRINCIPAL INVESTIGATOR REVIEWS THE PERFORMANCE BEFORE AUTHORIZING THE SUBCONTRACTOR'S INVOICE FOR PAYMENT. X X X X X 0 1 X X X X X X 0 1 0 0 0 0 0 0 0 JOHN A FRY PRESIDENT 806335 0 225000 0 240000 0 213954 0 17310 0 1502599 0 0 0 MICHAEL J EXLER ESQ SECRETARY 307584 0 60000 0 0 0 28050 0 16833 0 412467 0 0 0 HELEN BOWMAN SVP FINANCE/CFO/TREASURER 421371 0 80000 0 74755 0 22950 0 16833 0 615909 0 0 0 MARK GREENBERG PROVOST 474921 0 60000 0 0 0 28050 0 16833 0 579804 0 0 0 ELIZABETH DALE SVP INST ADVANCEMENT 361582 0 200000 0 0 0 28050 0 9006 0 598638 0 0 0 JAMES TUCKER SVP STUDENT LIFE & ADMIN 374917 0 70000 0 0 0 28050 0 696 0 473663 0 0 0 JOAN MCDONALD SVP ENROLLMENT MANAGEMENT 329770 0 60000 0 0 0 28050 0 696 0 418516 0 0 0 DONNA MURASKO PHD DEAN-SCHOOL OF ARTS & SCIE 336019 0 0 0 0 0 28050 0 16833 0 380902 0 0 0 BRIAN KEECH SVP GOVERNMENT & COMMUNITY RELATIONS 241065 0 40000 0 0 0 22950 0 16791 0 320806 0 0 0 LORI DOYLE SVP UNIVERSITY COMMUNICATI 316558 0 50000 0 0 0 28050 0 16801 0 411409 0 0 0 JOSEPH B HUGHES DEAN-COLLEGE OF ENGINEERIN 335226 0 30000 0 0 0 22950 0 16841 0 405017 0 0 0 KEITH A ORRIS SVP CORPORATE RELATIONS & ECONOMIC D 328107 0 35000 0 44184 0 28050 0 13122 0 448463 0 0 0 RALPH WALKLING PHD CHAIR-DEPARTMENT OF FINANC 387486 0 0 0 0 0 28050 0 14520 0 430056 0 0 0 GEORGE TSETSEKOS PHD DEAN-LEBOW COLLEGE OF BUSI 387589 0 0 0 0 0 28050 0 16833 0 432472 0 0 0 JAMES FLINT JR HEAD COACH, ATHLETICS 446213 0 0 0 0 0 22950 0 16833 0 485996 0 0 0 ROGER DENNIS DEAN - SCHOOL OF LAW 364504 0 0 0 0 0 28050 0 696 0 393250 0 0 0 MARLA GOLD PROFESSOR - SCHOOL OF PUBLIC HEALTH 375695 0 0 0 0 0 28050 0 10729 0 414474 0 0 0 ERIC J OLSON FORMER INTERIM SVP FINANCE 170001 0 0 0 0 0 13940 0 12572 0 196513 0 0 0 PART I, LINE 1A UNIVERSITY POLICY AUTHORIZES BUSINESS OR FIRST-CLASS TRAVEL FOR ALL EMPLOYEES WHEN FLIGHTS EXCEED FIVE HOURS IN DURATION WITH THE APPROPRIATE APPROVAL IN ADVANCE. ON AN INFREQUENT BASIS, THE PRESIDENT'S SPOUSE MAY TRAVEL WITH THE PRESIDENT FOR BUSINESS REASONS WHEN FULFILLING OBLIGATIONS OF HER UNIVERSITY POSITION. THE PRESIDENT IS PROVIDED HOUSING AS A CONDITION OF EMPLOYMENT AND FOR THE CONVENIENCE OF THE UNIVERSITY. PERSONAL SERVICES FOR MAID/CLEANING SERVICES ARE PROVIDED FOR THE HOUSE AS UNIVERSITY RELATED EVENTS AND ACTIVITIES ARE HELD AT THE RESIDENCE. THE PRESIDENT IS ALSO PROVIDED A DRIVER TO ATTEND UNIVERSITY RELATED EVENTS. THE PRESIDENT RECEIVES SOCIAL CLUB MEMBERSHIPS FOR BUSINESS-RELATED ACTIVITIES. THE SR VP FOR FINANCE/TREASURER/CFO RECEIVED A HOUSING ALLOWANCE THAT IS TREATED AS TAXABLE COMPENSATION. SOCIAL CLUB DUES FOR BUSINESS-RELATED ACTIVITIES WERE PROVIDED FOR SENIOR VICE PRESIDENTS AND DEANS WHICH ARE TREATED AS NON-TAXABLE COMPENSATION. PART I, LINE 1B HOUSING ALLOWANCES AND SOCIAL CLUB MEMBERSHIPS WERE APPROVED BY THE PRESIDENT OR PROVOST. PART I, LINE 4B AND PART II, COLUMN C: THE UNIVERSITY WILL PROVIDE JOHN FRY WITH DEFERRED COMPENSATION. THE UNIVERSITY SHALL CREDIT MR. FRY WITH $100,000 ON JULY 31, 2011, AND ON EACH FOLLOWING JULY 31 THROUGH 2015 WHILE HE REMAINS EMPLOYED BY THE UNIVERSITY AS PRESIDENT AND CHIEF EXECUTIVE OFFICER. VESTING AND PAYMENT OF THE DEFERRED COMPENSATION, AS ADJUSTED FOR EARNINGS, GAINS, AND LOSSES BASED ON DEEMED INVESTMENT OPTIONS SELECTED IN ADVANCE BY MR. FRY, SHALL OCCUR ON JULY 31, 2015, PROVIDED MR. FRY IS EMPLOYED BY THE UNIVERSITY ON THAT DATE. IN THE EVENT MR. FRY'S EMPLOYMENT WITH THE UNIVERSITY IS TERMINATED PRIOR TO JULY 31, 2015 ON ACCOUNT OF DEATH, DISABILITY, NON-RENEWAL OF THIS AGREEMENT BY THE UNIVERSITY, OR TERMINATION OF HIS EMPLOYMENT BY THE UNIVERSITY OTHER THAN FOR CAUSE, THE DEFERRED COMPENSATION, AS ADJUSTED FOR EARNINGS, GAINS AND LOSSES, SHALL BECOME VESTED AND PAYABLE UPON HIS TERMINATION OF EMPLOYMENT. IN THE EVENT MR. FRY VOLUNTARILY TERMINATES HIS EMPLOYMENT WITH THE UNIVERSITY PRIOR TO JULY 31, 2015, OR THE UNIVERSITY TERMINATES MR. FRY'S EMPLOYMENT FOR CAUSE, THE DEFERRED COMPENSATION SHALL BE FORFEITED. IN ADDITION, IN RECOGNITION OF AND CONSIDERATION FOR THE GOODS AND VALUABLE SERVICES MR. FRY HAS PROVIDED, AND WILL CONTINUE TO PROVIDE, TO THE UNIVERSITY DURING HIS EMPLOYMENT, THE UNIVERSITY AGREES TO PROVIDE MR. FRY WITH CERTAIN SUPPLEMENTAL RETIREMENT AND DEATH BENEFITS, EFFECTIVE AS OF JULY 1, 2012. MR. FRY'S ACCOUNT SHALL BE CREDITED WITH AN ALLOCATION BY THE UNIVERSITY IN THE FALL OF EACH YEAR (AND NOT LATER THAN DECEMBER 15), BEGINNING IN THE FALL OF 2013, AND ENDING IN THE FALL OF 2020, IN ACCORDANCE WITH THE FOLLOWING FORMULA. THE ALLOCATION FOR EACH YEAR SHALL BE CONDITIONED ON MR. FRY'S CONTINUED EMPLOYMENT THROUGH THE END OF THE FISCAL YEAR ENDING ON THE IMMEDIATELY PRECEDING JUNE 30 (OR UPON THE DATE OF DEATH, TOTAL DISABILITY, OR INVOLUNTARY TERMINATION, IF EARLIER). THE FORMULA IS 11% OF THE SUM OF MR. FRY'S PAID COMPENSATION (BASE SALARY AND ANNUAL PERFORMANCE BONUS (IF ANY)) FOR THE FISCAL YEAR ENDING ON THE IMMEDIATELY PRECEDING JUNE 30 THAT IS IN EXCESS OF THE COMPENSATION LIMIT UNDER SECTION 401(A)(17) OF THE INTERNAL REVENUE CODE AS IN EFFECT DURING SUCH PERIOD IN DETERMINING THE MAXIMUM COMPENSATION UNDER THE UNIVERSITY'S PENSION PLAN. A PENNSYLVANIA HIGHER EDUCATIONAL FACILITIES AUTHORITY 2011A 232243852 70917RX75 2011-05-16 160304025 NEW CONSTR/BLDG RENOV/REFUNDING OF 1997, 1998, 1998-2, 2003B 0 0 0 B PENNSYLVANIA HIGHER EDUCATIONAL FACILITIES AUTHORITY 2007B 232243852 70917RNP6 2007-10-04 30000000 SCIENCE BLDG/DORMITORY/WELLNESS CENTER 0 0 0 C PENNSYLVANIA HIGHER EDUCATIONAL FACILITIES AUTHORITY 2007A 232243852 70917RMJ1 2007-10-04 96463410 SCIENCE BLDG/DORMITORY/WELLNESS CENTER 0 0 0 D PENNSYLVANIA HIGHER EDUCATIONAL FACILITIES AUTHORITY 2005A&B 232243852 70917N3B8 2005-02-16 61312145 CAPITAL IMPROVEMENTS/EQUIPMENT/ADV REFUNDING OF 1997/1999 BONDS 0 0 0 A 4420000 161954495 1386270 101469764 59095696 2014 1 0 0 1 B 2975000 30572813 2700000 285425 11508 27483553 2012 0 0 1 1 C 98251163 9022947 835415 1529000 86701839 2012 0 0 1 1 D 4095000 63310555 833218 879260 31998410 34167910 2012 0 1 1 1 A 0 1 1 1 0 0.00000 0.00100 0.00100 0 0 1 B 0 0 0 1 0 0.00000 0.00000 0.00000 0 0 1 C 0 0 0 1 0 0.00000 0.00000 0.00000 0 0 1 D 0 1 1 1 1 0 0.00300 0.00500 0.00800 0 0 1 A 0 0 1 1 0 0 0 0 1 B 0 0 1 1 1 0 0 0 1 C 0 0 1 1 0 0 0 0 1 D 1 1 1 WELLS FARGO BANK 19.800000000000 0 0 1 ROYAL BANK OF CANADA 2.500000000000 1 1 1 A 1 B 1 C 1 D 1 SCHEDULE K SUPPLENTAL INFORMATION PART II, LINE 3, COLUMNS B, C, & D: THE TOTAL PROCEEDS EXCEEDS THE ISSUE PRICE BECAUSE OF THE INVESTMENT EARNINGS ON THE PROJECT FUND. PART II, LINE 12, COLUMNS A & B: THE OTHER SPENT PROCEEDS RELATE TO THE REFUNDING PROCEEDS OF EACH ISSUE. PART IV, LINE 2C, COLUMN A: THE FINAL REBATE REPORT WAS COMPLETED ON 6/5/2013, WHICH DETERMINED THE ISSUE MET THE 6 MONTH SPENDING EXCEPTION. PART IV, LINE 2C, COLUMN B: THE FINAL REBATE REPORT WAS COMPLETED ON 6/7/2013. PART IV, LINE 2C, COLUMN C: THE FINAL REBATE REPORT WAS COMPLETED ON 8/16/2012. PART IV, LINE 2C, COLUMN D: THE FINAL REBATE REPORT WAS COMPLETED ON 9/28/2012. A PENNSYLVANIA HIGHER EDUCATIONAL FACILITIES AUTHORITY 2012 232243852 70917SCB7 2012-10-18 33242964 REFUND ISSUES DATED 12/23/2002 & 2/03/2003 0 0 0 A 4575000 33242964 415332 32827632 1 0 1 1 A 0 1 1 1 0 0.00600 0.00300 0.00900 0 0 1 A 0 0 0 1 0 0 0 0 1 A 1 DR JOSEPH B HUGHES KEY EMPLOYEE PERSONAL X 90000 54000 0 1 1 54000 2000 GRANT-IN-AID EDUCATIONAL 34577 TUITION REMISSION EDUCATIONAL 1000 ALUMNI GRADUATE AWARD EDUCATIONAL 5000 ENDOWED SCHOLARSHIP EDUCATIONAL 10157 LAW SCHOOL SCHOLARSHIP EDUCATIONAL 10500 DEAN'S SCHOLARSHIP EDUCATIONAL 3000 DREXEL LEGACY SCHOLARSHIP EDUCATIONAL PECO ENERGY COMPANY TRUSTEE 823403 ELECTRICITY 0 DR MIMI B SHELLER FAMILY MEMBER OF TRUSTEE 118094 COMPENSATION 0 VICTOR TRINGALI FAMILY MEMBER OF TRUSTEE 123594 COMPENSATION 0 PENNONI ASSOCIATES INC TRUSTEE 169945 ENGINEERING 0 X 3 153000 FAIR MARKET VALUE X 1 13450 FAIR MARKET VALUE X 39 1644154 FAIR MARKET VALUE X OTHER GIFTS I 1 9000 FAIR MARKET VALUE 11 0 1 0 FORM 990, PART V, LINES 7G & 7H: NOT APPLICABLE FORM 990, PART VI, SECTION B, LINE 11 FORM 990 IS PREPARED BY THE TAX OFFICE AND SUBMITTED TO THE EXECUTIVE VICE PRESIDENT, TREASURER AND CHIEF FINANCIAL OFFICER FOR REVIEW AND SIGNING. PRIOR TO FILING, FORM 990 AND ALL REQUIRED SCHEDULES ULTIMATELY FILED WITH THE INTERNAL REVENUE SERVICE WERE AVAILABLE TO EACH MEMBER OF THE BOARD OF TRUSTEES FOR THEIR REVIEW AND COMMENT. FORM 990, PART VI, SECTION B, LINE 12C DREXEL UNIVERSITY'S CONFLICT OF INTEREST POLICY APPLIES TO ALL EMPLOYEES (WHETHER A KEY EMPLOYEE OR NOT), OFFICERS, AND TRUSTEES OF THE UNIVERSITY. THE CONFLICT OF INTEREST POLICY IS INTENDED TO SATISFY COMPLIANCE REQUIREMENTS AND GUIDE UNIVERSITY PERSONNEL IN AVOIDING THOSE SITUATIONS THAT CAN RESULT IN A CONFLICT OF INTEREST OR COMMITMENT. THE KEY TO AVOIDING THOSE SITUATIONS THAT CAN RESULT IN A CONFLICT OF INTEREST OR COMMITMENT IS TO MAKE CONSTITUENTS AWARE OF WHAT CONSTITUTES A CONFLICT OF INTEREST AND FOR THEM TO DISCLOSE POTENTIAL SITUATIONS BEFORE THE ACTIVITY IS UNDERTAKEN. THE FORMAT FOR THE DISCLOSURE IS FOR EACH EMPLOYEE, OFFICER OR TRUSTEE TO COMPLETE A QUESTIONNAIRE ANNUALLY. THE COMPLETED QUESTIONNAIRE IS SUBMITTED TO THE HUMAN RESOURCES DEPARTMENT IN THE CASE OF EMPLOYEES AND REVIEWED BY THE OFFICE OF THE GENERAL COUNSEL. COMPLETED QUESTIONNAIRES FOR OFFICERS AND TRUSTEES ARE SUBMITTED DIRECTLY TO THE OFFICE OF THE GENERAL COUNSEL FOR REVIEW. AFTER REVIEW A DETERMINATION IS MADE AS TO WHETHER A CONFLICT OF INTEREST EXISTS AND AT WHAT LEVEL. THOSE CONFLICTS THAT ARE DETERMINED TO BE DETRIMENTAL TO THE UNIVERSITY ARE DISCUSSED WITH THE EMPLOYEE AND THE EMPLOYEE IS ENCOURAGED TO TERMINATE THE ACTIVITY. EMPLOYEES WHO WILLINGLY OR OTHERWISE CONTINUE TO VIOLATE THE CONFLICT OF INTEREST POLICY ARE SUBJECT TO DISCIPLINARY ACTION UP TO AND INCLUDING SUSPENSION WITHOUT PAY, DEMOTION OR TERMINATION OF EMPLOYMENT. IN THE CASE OF TRUSTEES, A CONFLICT OF INTEREST QUESTIONNAIRE IS MAILED ANNUALLY. TRUSTEES ARE REQUIRED TO COMPLETE THE QUESTIONNAIRE AND DISCLOSE ANY INTERESTS IN ANY CORPORATION, PARTNERSHIP OR OTHER ORGANIZATION IN WHICH THEY OWN OR CONTROL 5% OR MORE OF THE ENTITY. IT IS THE POLICY OF THE UNIVERSITY NOT TO CONTRACT WITH OR ENTER INTO A COMMERCIAL RELATIONSHIP WITH ANY TRUSTEE OR CORPORATION, PARTNERSHIP, PROPRIETORSHIP OR OTHER ORGANIZATION IN WHICH SUCH TRUSTEE HAS AN INTEREST AS AN OFFICER, DIRECTOR, PARTNER, EMPLOYEE, OWNER, OR CONTROLLING STOCKHOLDER. FORM 990, PART VI, SECTION B, LINE 15 DREXEL IS COMMITTED TO COMPENSATING ITS EXECUTIVE TEAM AT A FAIR AND COMPETITIVE LEVEL. TO MEET THIS GOAL, DREXEL UNIVERSITY'S HUMAN RESOURCES DEPARTMENT PREPARES AN EXECUTIVE COMPENSATION ANALYSIS ANNUALLY USING THE COLLEGE AND UNIVERSITY PROFESSIONAL ASSOCIATION OF HUMAN RESOURCES (CUPA) SURVEY AND IRS FORM 990 INFORMATION AS THEY RELATE TO THE UNIVERSITY'S PEER GROUPS. POSITIONS INCLUDED IN THE ANALYSIS WERE THE PRESIDENT, SECRETARY, TREASURER, SENIOR VICE PRESIDENTS, CHIEF INFORMATION OFFICER AND HIGHLY-COMPENSATED DEANS. USING THE EXECUTIVE COMPENSATION ANALYSIS, A THIRD-PARTY ADVISOR PREPARED A REPORT AND SUBMITTED THE REPORT TO THE EXECUTIVE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES (THE "COMMITTEE") ALONG WITH CERTAIN PERFORMANCE CRITERIA. THE COMPENSATION ANALYSIS SERVED AS THE BASIS FOR THE PRESIDENT'S RECOMMENDATIONS FOR UNIVERSITY EXECUTIVES. THE THIRD-PARTY ADVISOR PROVIDED THE COMMITTEE WITH A LETTER ON THE APPROPRIATENESS OF THE DECISION-MAKING PROCESS AND REASONABLENESS OF THE PROPOSED COMPENSATION. ALL COMPENSATION WAS APPROVED BY THE EXECUTIVE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES PRIOR TO BECOMING EFFECTIVE ON JULY 1, 2013. FORM 990, PART VI, SECTION C, LINE 19 DREXEL UNIVERSITY MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC IN A VARIETY OF WAYS. THE CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE ON ITS WEBSITE, AND ITS GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: CONTRIBUTION RECEIVABLE WRITE-OFF -501,390. FORM 990, PART XII, LINE 2C: THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES HAS RESPONSIBILITY FOR SELECTING THE INDEPENDENT ACCOUNTANT AND OVERSEEING THE AUDIT. THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. PHILADELPHIA HEALTH & EDUCATION CORP DBA DREXEL UNIV COLLEGE OF MEDICINE 245 N 15TH ST PHILADELPHIA PA 19102 232979433 EDUCATION, PATIENT CARE AND MEDICAL RESEARCH PA 501(C)(3) LINE 2 DREXEL UNIVERSITY 1 ACADEMIC ASSETS INC 3601 POWELTON AVE LL PHILADELPHIA PA 19104 232455915 HOLDING COMPANY PA 501(C)(3) LINE 11C, III-FI DREXEL UNIVERSITY 1 ACADEMIC PROPERTIES INC 3601 POWELTON AVE LL PHILADELPHIA PA 19104 232411680 STUDENT HOUSING PA 501(C)(3) LINE 11C, III-FI ACADEMIC ASSETS INC 0 THE ACADEMY OF NATURAL SCIENCES OF PHILDELPHIA 1900 BENJAMIN FRANKLIN PARKWAY PHILADELPHIA PA 19103 231352000 MUSEUM PA 501(C)(3) LINE 9 DREXEL UNIVERSITY 1 11TH STREET FAMILY HEALTH SERVICES INC 3201 ARCH STREET SUITE 420 PHILADELPHIA PA 19104 464233500 PROVIDES FACILITIES USE FOR DREXEL UNIVERSITY PA 501(C)(3) LINE 11C, III-FI DREXEL UNIVERSITY 1 3509 SPRING GARDEN LP 3201 ARCH STREET SUITE 420 PHILADELPHIA PA 19104 462116704 REAL ESTATE PA 0 0 3509 SPRING GARDEN MT LP 3201 ARCH STREET SUITE 420 PHILADELPHIA PA 19104 463273473 REAL ESTATE PA 0 0 DREXEL E-LEARNING INC 3001 MARKET ST SUITE 300 PHILADELPHIA PA 19104 233068200 DISTANCE LEARNING AND ONLINE COURSES PA N/A C 1.00000 0 SCHUYLKILL CROSSING LTD 76 ST PAUL ST SUITE 500 BURLINGTON VT 05401 743090959 LIABILITY INSURANCE VT PHILADELPHIA HEALTH & EDUCATION CORP C 282077 3838650 0.15000 0 3509 SPRING GARDEN GP INC 3201 ARCH STREET SUITE 420 PHILADELPHIA PA 19104 462117383 REAL ESTATE PA DREXEL UNIVERSITY C 0.10000 1 3509 SPRING GARDEN MT MANAGER INC 3201 ARCH STREET SUITE 420 PHILADELPHIA PA 19104 462121349 REAL ESTATE PA DREXEL UNIVERSITY C 0.10000 1 1 1 0 0 0 0 0 0 0 0 1 1 1 0 0 1 0 1 1 PHILADELPHIA HEALTH & EDUCATION CORP L 21337000 BOOK AMOUNT ACADEMIC PROPERTIES INC K 1224000 BOOK AMOUNT SCHUYLKILL CROSSING RECIPROCAL RISK RETENTION GROUP P 1381000 BOOK AMOUNT PHILADELPHIA HEALTH & EDUCATION CORP M 5656000 BOOK AMOUNT PHILADELPHIA HEALTH & EDUCATION CORP K 3077000 BOOK AMOUNT ACADEMIC PROPERTIES INC M 125000 BOOK AMOUNT PHILADELPHIA HEALTH & EDUCATION CORP P 9443000 BOOK AMOUNT PHILADELPHIA HEALTH & EDUCATION CORP R 48423000 BOOK AMOUNT PHILADELPHIA HEALTH & EDUCATION CORP S 2960000 BOOK AMOUNT DREXEL E-LEARNING INC S 22025000 BOOK AMOUNT PHILADELPHIA HEALTH & EDUCATION CORP B 21337000 BOOK AMOUNT THE ACADEMY OF NATURAL SCIENCES OF PHILADELPHIA B 3001000 BOOK AMOUNT THE ACADEMY OF NATURAL SCIENCES OF PHILADELPHIA M 2007000 BOOK AMOUNT THE ACADEMY OF NATURAL SCIENCES OF PHILADELPHIA Q 262000 BOOK AMOUNT THE ACADEMY OF NATURAL SCIENCES OF PHILADELPHIA A 16000 BOOK AMOUNT THE ACADEMY OF NATURAL SCIENCES OF PHILADELPHIA L 3001000 BOOK AMOUNT SCHUYLKILL CROSSING RECIPROCAL RISK RETENTION GROUP R 2629000 BOOK AMOUNT 11TH STREET FAMILY SERVICES INC B 2313000 BOOK AMOUNT 11TH STREET FAMILY SERVICES INC Q 745000 BOOK AMOUNT