2014-03-25T14:58:33-05:00 2013-06-30 232932984 PARENTEBEARD LLC 1650 MARKET ST STE 4500 PHILADELPHIA PA 19103 990 2012-07-01 820571540 UNIVERSITY STUDENT HOUSING UNIV 6104362868 PO BOX 541 WEST CHESTER PA 19381 TERESA JOHN 6104362868 2014-03-22 1 JULIUS GREEN CPA P00350393 2159720701 2014-03-22 2012 2015-11-30 17:44:51Z RICHARD T PRZYWARA PO BOX 541 WEST CHESTER PA 19381 19005620 0 X WWW.WCUHOUSING.COM X LLC 2002 PA OWNS, CONSTRUCTS, MANAGES, AND MAINTAINS STUDENT HOUSING FACILITIES USED BY WEST CHESTER UNIVERSITY 26 26 38 30 0 0 0 0 17785026 18512598 447700 450616 41650 42406 18274376 19005620 0 32850 0 0 1308056 1567791 0 0 0 18178904 18178661 19486960 19779302 -1212584 -773682 130339355 200775853 178616557 238423181 -48277202 -37647328 X UNIVERSITY STUDENT HOUSING WAS ORGANIZED FOR THE CHARITABLE, SCIENTIFIC AND EDUCATIONAL PURPOSES EXCLUSIVELY FOR THE BENEFIT AND SUPPORT OF THE WEST CHESTER UNIVERSITY FOUNDATION, AND AS SUCH OWNS, CONSTRUCTS, OPERATES, MANAGES, AND MAINTAINS HOUSING FACILITIES FOR THE BENEFIT OF WEST CHESTER UNIVERSITY AND ITS STUDENTS. 0 0 19296044 32850 18512598 UNIVERSITY STUDENT HOUSING, LLC ("USH") OPERATES AND MANAGES STUDENT HOUSING FACILITIES FOR 2,047 RESIDENTS FOR THE BENEFIT OF WEST CHESTER UNIVERSITY OF PENNSYLVANIA ("WCU"). USH MANAGES FOUR COMFORTABLE RESIDENT COMMUNITIES LOCATED ON THE WEST CHESTER UNIVERSITY CAMPUS. USH IS RESPONSIBLE FOR THE DAY-TO-DAY MANAGEMENT OF THE COMMUNITIES. THE RESIDENCE LIFE STAFF FOR EACH COMMUNITY HANDLES ALL STUDENT-RELATED ISSUES AND IS MANAGED BY WCU. ALL USH COMMUNITIES ARE PATROLLED AND MONITORED BY WCU PUBLIC SAFETY. EACH USH COMMUNITY FEATURES PRIVATE AND SEMI-PRIVATE AIR CONDITIONED SUITES, ON-SITE FITNESS CENTER, SPACIOUS STUDENT LOUNGES AND GAME ROOMS, FREE LAUNDRY AT THE RESIDENCE HALLS, CABLE TV AND ETHERNET SERVICE, AND FULL KITCHEN AND VENDING AREAS. 19296044 1 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 1 17 0 1 38 1 0 0 0 0 0 0 0 0 0 0 X 26 26 1 0 1 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 PA X TERESA JOHN CFO 6104362534 202 CARTER DRIVE WEST CHESTER PA 19382 JAMES SHINEHOUSE 0.10 0.10 X X 0 0 0 JOHN N NICKOLAS 0.10 0.10 X X 0 0 0 MAY VAN 0.10 0.10 X X 0 0 0 SANDRA F MATHER 0.10 0.10 X X 0 0 0 MILLIE C CASSIDY 0.10 0.10 X 0 0 0 KATE CIPRIANO 0.10 0.10 X 0 0 0 CHRISTOPHER J DIGIUSEPPE 0.10 0.10 X 0 0 0 JANE B FONTAINE 0.10 0.10 X 0 0 0 CHERYL FULGINITI 0.10 0.10 X 0 0 0 DAVID A GANSKY 0.10 0.10 X 0 0 0 CARL GERSBACH 0.10 0.10 X 0 0 0 JOHN A GONTARZ 0.10 0.10 X 0 0 0 DR MAURY HOBERMAN 0.10 0.10 X 0 0 0 DR DAVID P HOLVECK 0.10 0.10 X 0 0 0 DR DONALD E LEISEY 0.10 0.10 X 0 0 0 EMILY JANE LEMOLE 0.10 0.10 X 0 0 0 DONALD R MCILVAIN 0.10 0.10 X 0 0 0 THOMAS E MILLS IV 0.10 0.10 X 0 0 0 KEITH BEALE 0.10 0.10 X 0 0 0 DR H VISCOUNT NELSON 0.10 0.10 X 0 0 0 JOHN R PANICHELLO 0.10 0.10 X 0 0 0 PAULA D SHAFFNER ESQ 0.10 0.10 X 0 0 0 DR JUDITH FINKEL RESIGNED 0.10 0.10 X 0 0 0 CHRISTOPHER FRANKLIN 0.10 0.10 X 0 0 0 JOHN STODDART 0.10 0.10 X 0 0 0 SAMUEL C THOMPSON JR 0.10 0.10 X 0 0 0 BRIGADIER GENERAL GEORGE WALLS JR 0.10 0.10 X 0 0 0 RICHARD T PRZYWARA 36.00 4.00 X 0 154257 14331 TERESA JOHN 20.00 20.00 X 0 97497 31626 0 251754 45957 0 0 1 0 WEST CHESTER UNIVERSITY 700 S HIGH STREET WEST CHESTER PA 19383 PUBLIC SAFETY, RESID LIFE, TELECOM 1152963 ARAMARK 1101 MARKET STREET PHILADELPHIA PA 19107 JANITORIAL SERVICES 546965 CHESTER VALLEY ENGINEERS INC 83 CHESTNUT ROAD PO BOX 447 PAOLI PA 19301 ENGINEERING SERVICES 337744 REMINGTON GROUP INC 351 EAST CONESTOGA ROAD WAYNE PA 19087 PROJECT MGMT SERVICES 293846 VOITH & MACTAVISH ARCHITECTS 1616 WALNUT STREET 24TH FLOOR PHILADELPHIA PA 19103 ARCHITECTURAL SERVICES 286767 15 STUDENT HOUSING REVENUE 531110 18512598 18512598 18512598 450616 450616 CUSTODIAL SERVICES 900099 39161 39161 FLOOD DAMAGE REIMBURSEMENT 900099 1975 1975 AMORTIZATION OF DEPOSITS 900099 1000 1000 270 270 42406 19005620 18512598 0 493022 X 32850 32850 230366 230366 1056683 939728 116955 33863 10685 23178 175928 166635 9293 70951 47413 23538 65280 31655 33625 38570 38570 2350868 2347709 3159 53030 53030 99472 99344 128 68445 68445 8554688 8554688 1679 1679 5072862 5072862 108619 108619 PUBLIC SAFETY 791068 791068 RESIDENCE LIFE 579975 579975 DEBT SERVICE 263810 263810 SHUTTLE 59156 59156 71139 66693 4446 19779302 19296044 483258 0 871 5965 18333537 14726675 162765 335512 64729 139114 152175354 26074059 108801502 126101295 861797 55828442 2114154 3638850 130339355 200775853 373782 1017998 390231 407615 138590000 212691533 1248394 0 38014150 24306035 178616557 238423181 X -48277202 -37647328 -48277202 -37647328 130339355 200775853 X -773682 11403556 X 0 1 X 1 0 X X X 0 0 0 WCU FOUNDATION 233054174 5 1 1 1 1990000 1 1990000 124233515 22469794 101763721 54652 18823 35829 4428362 3585442 842920 23458825 23458825 126101295 INTEREST RATE SWAP LIABILITY 23952385 DUE TO WEST CHESTER UNIVERSITY FOUNDATION 353650 24306035 X 30409176 11403556 11403556 19005620 0 19005620 19779302 0 19779302 0 19779302 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: MANAGEMENT HAS EVALUATED SUBSTANTIVE TAX POSITIONS TAKEN BY THE ORGANIZATION AS OF JUNE 30, 2013 AND 2012. A TAX POSITION IS RECOGNIZED AS A BENEFIT ONLY IF IT IS "MORE-LIKELY-THAN-NOT" THAT THE TAX POSITION WOULD BE SUSTAINED IN A TAX EXAMINATION, WITH A TAX EXAMINATION BEING PRESUMED TO OCCUR. THE AMOUNT RECOGNIZED IS THE LARGEST AMOUNT OF TAX BENEFIT THAT HAS A LIKELIHOOD OF BEING REALIZED ON EXAMINATION OF MORE THAN 50 PERCENT. FOR TAX POSITIONS NOT MEETING THE "MORE-LIKELY-THAN-NOT" TEST, NO TAX BENEFIT IS RECORDED. UNDER THE "MORE-LIKELY-THAN-NOT" THRESHOLD GUIDELINES, MANAGEMENT BELIEVES NO SIGNIFICANT UNCERTAIN TAX POSITIONS EXIST, EITHER INDIVIDUALLY OR IN THE AGGREGATE, THAT WOULD GIVE RISE TO THE NON-RECOGNITION OF AN EXISTING TAX BENEFIT. AS OF JUNE 30, 2013 AND 2012, THE ORGANIZATION HAD NO MATERIAL UNRECOGNIZED TAX BENEFITS OR LIABILITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN FAIR VALUE OF INTEREST RATE SWAP LIABILITY 13,393,556. TRANSFER TO WEST CHESTER UNIVERSITY FOUNDATION -1,990,000. SCHEDULE D, PARTS XI, XII AND XIII: THE ORGANIZATION DID NOT PARTICIPATE IN SEPARATE, STAND-ALONE AUDITED FINANCIAL STATEMENTS. CONSOLIDATING SCHEDULES ARE LOCATED IN THE BACK OF THE CONSOLIDATED AUDITED FINANCIAL STATEMENTS. SCHEDULE D PARTS XI, XII, AND XIII, ALTHOUGH NOT REQUIRED, HAVE BEEN PREPARED TO RECONCILE THESE CONSOLIDATING SCHEDULES TO THE FINANCIAL INFORMATION ON THIS FORM 990. 1 BOROUGH OF WEST CHESTER 401 E GAY STREET WEST CHESTER PA 19380 236002957 32850 TO FUND A SECURITY PATROL PROGRAM DURING HIGH STUDENT ACTIVITY 1 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: FOR THE GRANT TO THE WEST CHESTER BOROUGH POLICE, THE BOROUGH PROVIDED TO USH A COPY OF THE CONTRACT WITH THE SECURITY FIRM ENGAGED TO PROVIDE SECURITY PATROLS WITHIN THE BOROUGH. AT THE END OF THE SCHOOL YEAR THE BOROUGH PROVIDES AN ANNUAL REPORT TO UNIVERSITY STUDENT HOUSING REGARDING THE EFFECTIVENESS OF PATROL AND WHETHER PREDEFINED OBJECTIVES WERE MET. 0 0 0 0 0 0 0 0 0 RICHARD T PRZYWARA 0 147257 0 7000 0 0 0 14331 0 0 0 168588 0 0 PART I, LINE 3 ALL OFFICERS ARE COMPENSATED BY THE RELATED AFFILIATE, WEST CHESTER UNIVERSITY FOUNDATION (EIN 23-3054174). THESE METHODS INCLUDE THE USE OF A BOARD-LEVEL COMPENSATION COMMITTEE, OTHER ORGANIZATIONS' FORM 990, COMPENSATION SURVEYS USING COMPARABLE DATA FROM OTHER ORGANIZATIONS, AND APPROVAL BY THE BOARD. A CHESTER COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY 232667137 16559PAC9 2009-08-05 41145000 SEE PART VI 0 0 0 B CHESTER COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY 232667137 115590AE5 2012-02-01 98540000 SEE PART VI 0 0 0 C CHESTER COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY 232667137 16559PAT2 2013-03-05 58599809 SEE PART VI 0 0 0 D CHESTER COUNTY INDUSTRIAL DEVELOOPMENT AUTHORITY 232667137 2012-08-28 22000000 SEE PART VI 0 0 0 A 1760000 41145000 2889750 38255250 2004 1 0 1 1 B 640000 98540000 5982900 92557100 2009 1 0 1 1 C 58599809 1867500 996281 6128381 49607647 2014 0 0 1 1 D 22000000 714550 237002 13895883 1388215 5764350 2013 0 0 0 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 B 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 C 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 D 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 1 0 0 1 1 SEE PART VI 10.000000000000 0 0 1 CITIGROUP FINANCIAL PROD 22.000000000000 1 1 1 B 0 1 0 0 1 1 SEE PART VI 10.300000000000 0 0 1 CITIGROUP FINANCIAL PROD 10.000000000000 1 1 1 C 0 1 0 0 0 0 1 NATIXIS FUNDING CORP 1.900000000000 1 1 1 D 0 1 0 0 0 0 0 0 1 A 1 B 1 C 1 D 1 SCHEDULE K SUPPLENTAL INFORMATION PART I, COLUMN (C): BOND B: NEW BOND ISSUE HAD TWO SERIES: CUSIP # 16559PAE5 AND 16559PAF2. PART I, COLUMN (F): BOND A: CURRENT REFUNDING OF BONDS ISSUED AUGUST 19, 2003 TO FUND CONSTRUCTION OF STUDENT HOUSING AT WEST CHESTER UNIVERSITY. BOND B: CURRENT REFUNDING OF BONDS ISSUED MARCH 25, 2008. BOND C: BUILDING PROJECTS BOND D: CURRENT REFUNDING, BUILDING PROJECTS PART II, LINE 11: ALL PROCEEDS OF BONDS A AND B WERE APPLIED TO REFUND THE 2003 AND 2008 BONDS. PART IV, LINES 4B AND 4C: BOND A: CITIZENS BANK OF PA, 10 YEARS (AUGUST 2008 - AUGUST 2018) BOND B: CITIZENS BANK OF PA, 10.3 YEARS (APRIL 2008 - AUGUST 2018) AND MORGAN KEEGAN FINANCIAL PRODUCTS, 34.8 YEARS (APRIL 2008 - FEBRUARY 2043). PART IV, LINE 6: BOND A: GROSS PROCEEDS OF $123,360 (.3% OF TOTAL ISSUANCE) WERE INVESTED BELOW BOND YIELD MORE THAN THREE YEARS AFTER ISSUANCE. ALL REMAINING PROCEEDS WERE SPENT DECEMBER 2010. BOND B: GROSS PROCEEDS OF $462,257 (.5% OF TOTAL ISSUANCE) WERE INVESTED BELOW BOND YIELD THREE YEARS AFTER ISSUANCE. ALL REMAINING PROCEEDS WERE SPENT BY JULY 2012. MICHAEL O'ROURKE FORMER BOARD TRUSTEE 172812 MICHAEL O'ROURKE IS PRESIDENT OF O'ROURKE & SONS, INC. O'ROURKE & SONS, INC. PROVIDED CONSTRUCTION SERVICES FOR STAIRWELL REPLACEMENT. 0 SCHEDULE L, PART IV TRANSACTIONS WITH INTERESTED PERSONS: ALL TRANSACTIONS WITH INTERESTED PERSONS TAKE PLACE AT ARM'S LENGTH. FORM 990, PART VI, SECTION A, LINE 1 THE EXECUTIVE COMMITTEE IS COMPOSED OF THE OFFICERS OF UNIVERSITY STUDENT HOUSING, THE PRESIDENT OF WEST CHESTER UNIVERSITY (WCU), THE VICE PRESIDENT FOR ADVANCEMENT OF WCU, THE VICE PRESIDENT FOR ADMINISTRATION AND FINANCE, AND THE EXECUTIVE DIRECTOR OF WCU FOUNDATION. THE EXECUTIVE COMMITTEE IS AUTHORIZED TO ACT FOR THE BOARD BETWEEN ITS REGULAR MEETINGS. THE EXECUTIVE COMMITTEE HAS AND MAY EXERCISE ALL OF THE POWERS AND AUTHORITY OF THE BOARD IN THE MANAGEMENT OF UNIVERSITY STUDENT HOUSING, LLC. FORM 990, PART VI, SECTION A, LINE 2 AS PART OF THE ANNUAL CONFLICT OF INTEREST DISCLOSURE, TRUSTEES AND OFFICERS ARE REQUIRED TO DISCLOSE ANY FAMILY OR BUSINESS RELATIONSHIPS. THE FOLLOWING RELATIONSHIPS WERE DISCLOSED: FAMILY RELATIONSHIP BETWEEN DR. H. VISCOUNT NELSON, BRIGADIER GENERAL GEORGE H. WALLS, JR., AND MR. SAMUEL C. THOMPSON, JR. FORM 990, PART VI, SECTION A, LINE 4 AN AMENDMENT TO THE CERTIFICATE OF ORGANIZATION SLIGHTLY BROADENS USH'S PURPOSE TO INCLUDE HOUSING ACTIVITIES INCIDENTAL TO THE UNIVERSITY'S EDUCATIONAL PURPOSES. THE EFFECT IS TO CLEARLY AUTHORIZE USH'S USE OF STUDENT HOUSING FACILITIES FOR SUMMER CAMPS AND SIMILAR PROGRAMS SPONSORED BY THE UNIVERSITY. FORM 990, PART VI, SECTION A, LINE 6 THE SOLE MEMBER OF UNIVERSITY STUDENT HOUSING, LLC IS THE WEST CHESTER UNIVERSITY FOUNDATION, A TAX-EXEMPT ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 7A THE BUSINESS AND AFFAIRS OF THE ORGANIZATION ARE MANAGED UNDER DIRECTION OF A BOARD OF MANAGERS. THESE MANAGERS SHALL SERVE EX-OFFICIO BY VIRTUE OF THEIR POSITIONS AS TRUSTEES OF THE ORGANIZATION'S SOLE MEMBER, WEST CHESTER UNIVERSITY FOUNDATION. EACH MEMBER OF THE BOARD OF MANAGERS SHALL HAVE THE SAME VOTING RIGHTS AS A MANAGER AS HE OR SHE HAS AS A TRUSTEE OF THE WEST CHESTER UNIVERSITY FOUNDATION. FORM 990, PART VI, SECTION A, LINE 7B THE ORGANIZATION'S SOLE MEMBER, WEST CHESTER UNIVERSITY FOUNDATION, HAS CERTAIN RIGHTS, INCLUDING THE FOLLOWING: 1) THE ORGANIZATION MAY BE DISSOLVED UPON THE DECISION OF THE SOLE MEMBER. 2) THE ORGANIZATION'S OPERATING AGREEMENT SHALL NOT BE AMENDED WITHOUT THE CONSENT OF THE SOLE MEMBER. FORM 990, PART VI, SECTION B, LINE 11 THE CHIEF FINANCIAL OFFICER REVIEWS THE 990 DRAFT IN DETAIL AND RECONCILES TO THE AUDITED FINANCIAL STATEMENTS AND APPROPRIATE LEGAL AND OTHER DOCUMENTS. CHANGES ARE SENT TO THE TAX PREPARER. ONCE ALL CHANGES HAVE BEEN MADE AND APPROVED BY THE CHIEF FINANCIAL OFFICER, THE DRAFT 990 IS PROVIDED TO EACH TRUSTEE FOR THEIR REVIEW AND COMMENTS IN ADVANCE OF THE FILING DEADLINE. FORM 990, PART VI, SECTION B, LINE 12C TRUSTEES SHALL MAKE PROMPT AND FULL DISCLOSURE TO THE BOARD OF A PROSPECTIVE SITUATION THAT MAY INVOLVE A CONFLICT OF INTEREST AS SOON AS THAT CONFLICT IS KNOWN. THIS DISCLOSURE SHOULD BE MADE A MATTER OF THE RECORD, EITHER THROUGH AN ANNUAL PROCEDURE OR WHEN THE INTEREST BECOMES A MATTER OF BOARD ACTION. IF A CONFLICT OF INTEREST SHOULD ARISE, THE EXECUTIVE DIRECTOR AND THE BOARD MEMBER SHOULD PROMPTLY RESOLVE THE MATTER AND THE RESOLUTION SHOULD BE RECORDED IN THE MINUTES OF THE BOARD. TRUSTEES WITH CONFLICTS SHALL REMOVE THEMSELVES FROM NEGOTIATIONS, DECISIONS, DELIBERATIONS, OR VOTES INVOLVING THE CONFLICT. THIS SHALL NOT BE CONSTRUED AS PREVENTING THE TRUSTEE FROM STATING HIS POSITION IN THE MATTER OR FROM ANSWERING PERTINENT QUESTIONS FROM THE BOARD WHEN HIS/HER KNOWLEDGE MAY BE OF ASSISTANCE. ANNUALLY, CONFLICT OF INTEREST DISCLOSURES ARE COMPLETED BY EACH TRUSTEE AND OFFICER DISCLOSING ANY CIRCUMSTANCES THAT MIGHT DISSUADE THEM FROM ACTING IN THE BEST INTEREST OF THE ORGANIZATION. ANNUAL DISCLOSURE STATEMENTS ARE FORWARDED TO THE EXECUTIVE DIRECTOR WHO DETERMINES WHETHER A CONFLICT OF INTEREST MAY EXIST. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE DIRECTOR'S COMPENSATION IS REVIEWED ANNUALLY BY THE BOARD OF TRUSTEES' NOMINATING AND HUMAN RESOURCE COMMITTEE. PRIOR TO MAKING THE DETERMINATION THE COMMITTEE OBTAINS COMPENSATION DATA OF AT LEAST THREE COMPARABLE ORGANIZATIONS IN SIMILAR COMMUNITIES FOR SIMILAR SERVICE. ALL BOARD MEMBERS ARE INVITED TO OFFER FEEDBACK TO THE COMMITTEE ON THE PERFORMANCE-BASED GOALS ESTABLISHED FOR THE POSITION. THE COMMITTEE DOCUMENTS THE BASIS FOR ITS DECISION CONCURRENTLY WITH MAKING THE DETERMINATION. COMPENSATION IS DEFINED IN THE EXECUTIVE DIRECTOR'S THREE-YEAR EMPLOYMENT CONTRACT. ON DECEMBER 2012 A THREE-YEAR CONTRACT WAS EXECUTED FOR THE PERIOD JULY 1, 2013 THROUGH JUNE 30, 2016. ANNUAL SALARY DATA PRESENTED IN THE CHRONICLE OF HIGHER EDUCATION IS USED TO ESTABLISH A FAIR SALARY RANGE. THE FINAL COMPENSATION LEVEL IS APPROVED BY THE PRESIDENT OF THE BOARD AND THE COMMITTEE BEFORE THE EMPLOYMENT CONTRACT IS FINALIZED. THE CHIEF FINANCIAL OFFICER'S COMPENSATION IS APPROVED IN ADVANCE BY THE BOARD OF TRUSTEES' NOMINATING AND HUMAN RESOURCE COMMITTEE. PRIOR TO MAKING THE DETERMINATION THE COMMITTEE OBTAINS COMPARABLE DATA OF AT LEAST THREE COMPARABLE ORGANIZATIONS IN SIMILAR COMMUNITIES FOR SIMILAR SERVICE. IN ADDITION, BOARD MEMBERS ARE INVITED TO OFFER FEEDBACK TO THE COMMITTEE ON THE PERFORMANCE OF THE CHIEF FINANCIAL OFFICER. THE COMMITTEE DOCUMENTS THE BASIS FOR ITS DECISION CONCURRENTLY WITH MAKING THE DETERMINATION. COMPENSATION IS DETERMINED ANNUALLY. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. OTHER FEES FORM 990, PART IX, LINE 11G TEMPORARY HELP : PROGRAM SERVICE EXPENSES 2,006. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,006. PROFESSIONAL SERVICES : PROGRAM SERVICE EXPENSES 6,777. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 6,777. REMARKETING FEES : PROGRAM SERVICE EXPENSES 141,288. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 141,288. CREDIT CARD FEES : PROGRAM SERVICE EXPENSES 87,979. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 87,979. LETTER OF CREDIT FEE : PROGRAM SERVICE EXPENSES 2,057,212. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,057,212. TRUSTEE FEES : PROGRAM SERVICE EXPENSES 26,500. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 26,500. CREDIT REPORTS : PROGRAM SERVICE EXPENSES 25,947. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 25,947. PAYROLL PROCESSING FEES : PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 3,159. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 3,159. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 9: CHANGE IN FAIR VALUE OF INTEREST RATE SWAP LIABILITY 13,393,556. TRANSFER TO WEST CHESTER UNIVERSITY FOUNDATION -1,990,000. WEST CHESTER UNIVERSITY FOUNDATION 202 CARTER DRIVE WEST CHESTER PA 19382 233054174 SUPPORT FOR WEST CHESTER UNIVERSITY OF PENNSYLVANIA PA 501(C)(3) LINE 5 N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 0