2014-05-15T13:39:30-05:00 2013-06-30 410746749 CLIFTONLARSONALLEN LLP 610 WGERMANTOWN PIKE STE400 PLYMOUTH MEETING PA 19462 990 2012-07-01 231386178 WIDENER UNIVERSITY WIDE 6104994396 ONE UNIVERSITY PLACE CHESTER PA 19013 JOSEPH J BAKER 6104994396 2014-05-14 0 KAREN GRIES P00078514 2156433900 2012 2015-11-30 17:44:51Z JOSEPH J BAKER ONE UNIVERSITY PLACE CHESTER PA 19013 211872831 0 X WWW.WIDENER.EDU X 1821 PA SEE SCHEDULE O FOR COMPLETE MISSION STATEMENT.AS A LEADING METROPOLITAN UNIVERSITY, WE ACHIEVE OUR MISSION AT WIDENER UNIVERSITY BY CREATING A LEARNING ENVIRONMENT WHERE CURRICULA ARE CONNECTED TO SOCIETAL ISSUES THROUGH CIVIC ENGAGEMENT. WE LEAD BY PROVIDING A UNIQUE COMBINATION OF LIBERAL ARTS AND PROFESSIONAL EDUCATION IN A CHALLENGING, SCHOLARLY, AND CULTURALLY DIVERSE ACADEMIC COMMUNITY. WE ENGAGE OUR STUDENTS THROUGH SYNAMIC TEACHING, ACTIVE SCHOLARSHIP, PERSONAL ATTENTION, AND EXPERIENTAL LEARNING. WE INSPIRE OUR STUDENTS TO BE CITIZENS OF CHARACTER WHO DEMONSTRATE PROFESSIONAL AND CIVIC LEADERSHIP. WE CONTRIBUTE TO THE VITALITY AND WELL-BEING OF THE COMMUNITIES WE SERVE. 28 27 3275 50 -39524 -48787 8423442 8656584 190386651 191928909 1214424 -565749 1964685 2178845 201989202 202198589 46298014 50213428 0 0 102955010 111132130 0 0 4314301 50145856 50392892 199398880 211738450 2590322 -9539861 330524789 339224947 163840344 164009869 166684445 175215078 X SEE SCHEDULE O FOR COMPLETE MISSION STATEMENT. 0 0 133070233 50213428 170917449 INSTRUCTIONAL/GRANTS- EXPENSES INCURRED WITH THE ACADEMIC INSTRUCTION OF OUR STUDENT BODY AS WELL AS GRANTS TO STUDENTS 17032761 355449 ACADEMIC SUPPORT- COSTS INCURRED WITH THE MAINTENANCE OF PROGRAMS AND ACTIVITIES FOR FACULTY AND STUDENTS 16224338 630160 STUDENT SERVICES- COSTS INCURRED WITH THE MAINTENANCE OF PROGRAMS THAT SERVICE OUR STUDENT BODY 19802335 19782662 AUXILIARY SERVICES 19802335 19782662 186129667 1 1 0 1 0 0 0 1 0 1 1 0 0 0 1 1 1 0 1 0 1 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 1 0 1 1 1 0 0 0 0 1 1 1 0 0 1 253 0 3275 1 1 1 0 0 0 0 1 1 0 0 0 0 X 28 27 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 PA X X JOSEPH J BAKER 6104994156 ONE UNIVERSITY PLACE CHESTER PA 19103 JAMES T HARRIS 60.00 0.30 X X 920004 0 99520 NICHOLAS TRAINOR 2.00 0.00 X X 0 0 0 JOHN H TILELLI JR 2.00 0.00 X X 0 0 0 PAUL BEIDEMAN 2.00 0.00 X X 0 0 0 EUGENE MCGURK JR 2.00 0.00 X X 0 0 0 DANIEL BORISLOW 2.00 0.00 X 0 0 0 THOMAS BOWN II 2.00 0.00 X 0 0 0 ANTHONY BRITTON JR 2.00 0.00 X 0 0 0 ROBERT SAMUEL 2.00 0.00 X 0 0 0 JAMES HARGADON 2.00 0.00 X 0 0 0 IRA HARKAVY 2.00 0.00 X 0 0 0 JAMES HIRSCHMANN III 2.00 0.00 X 0 0 0 JAMES MACK III 2.00 0.00 X 0 0 0 DAVID OSKIN 2.00 0.00 X 0 0 0 DERRICK PITTS 2.00 0.00 X 0 0 0 CYNTHIA SARNOSKI 2.00 0.00 X 0 0 0 JOHN SCHMUTZ 2.00 0.00 X 0 0 0 RONALD STEAD 2.00 0.00 X 0 0 0 MIN SUH ESQ 2.00 0.00 X 0 0 0 VITO VERNI 2.00 0.00 X 0 0 0 RICHARD TAN 2.00 0.00 X 0 0 0 STEPHEN WYNNE 2.00 0.00 X 0 0 0 PETER ZACHARKIW 2.00 0.00 X 0 0 0 BRIAN TIERNEY 2.00 0.00 X 0 0 0 BARBARA CHAMBERLAIN 2.00 0.00 X 0 0 0 JUSTIN GORDON 2.00 0.00 X 0 0 0 KATHLEEN MCNICHOLAS 2.00 0.00 X 0 0 0 THOMAS SAGER 2.00 0.00 X 0 0 0 LESLIE A BRUN 2.00 0.00 X 0 0 0 LEANNE CARET 2.00 0.00 X 0 0 0 CHRISTINA DELVA 2.00 0.00 X 0 0 0 JEFFERY FLYNN 2.00 0.00 X 0 0 0 JOSEPH J BAKER 60.00 1.30 X 296173 0 42814 STEVE WILHITE 60.00 0.00 X 283067 0 73890 LINDA S DURANT 60.00 0.00 X 248265 0 31492 LINDA L AMMONS 60.00 0.00 X 292153 0 34622 FRED A AKL 40.00 0.00 X 209129 0 29716 MICHEAL SLINGER 40.00 0.00 X 203156 0 38357 ROBYN MEADOWS 40.00 0.00 X 191630 0 39323 SAVAS OZATALAY 40.00 0.00 X 197742 0 34589 SUK-CHUNG YOON 40.00 0.00 X 207666 0 12246 3048985 0 436569 137 0 1 0 NASON CONSTRUCTION INC 2000 FOULK ROAD SUITE F WILMINGTON DE 19810 CONSTRUCTION 6293191 ARAMARK SERVICES INC ONE UNIVERSITY PLACE CHESTER PA 19013 FOOD SERVICE 5814629 ARAMARK FACILITY SERVICES ONE UNIVERSITY PLACE CHESTER PA 19013 HOUSEKEEPING 1965257 HSC BUILDERS & CONSTRUCTION 304 NEW MILL LANE EXTON PA 19341 CONSTRUCTION 1741824 HARMELIN MEDIA 525 RIGHTERS FERRY ROAD BALA CYNWYD PA 19004 ADVERTISING 1369438 32 22187 2701894 5932503 103872 8656584 TUITION/ FESS 611600 170689176 170689176 AUXILIARY ENTERPRISES 713940 19773206 19773206 FEES, PARKING, ETC 900099 1088853 1088853 INTEREST FEES ON LOANS 900099 243189 243189 FEES/CONTRACTS GOVERNMENT AGENCIE 900099 134485 134485 191928909 4057079 -40484 4097563 1088985 256388 832597 832597 832597 4631683 9041804 212707 -4410121 -212707 -4622828 -4622828 128687 22187 163343 -34656 -34656 MISCELLANEOUS 525990 1380904 960 1379944 1380904 202198589 191685720 -39524 1895809 50213428 50213428 2162085 2162085 79088500 71350284 5731194 2007022 6042716 5456177 433061 153478 18466441 16648003 1350144 468294 5372388 4826130 410503 135755 862367 5309 857058 218077 218077 100200 100200 121549 121549 11615782 8640813 2329830 645139 2247212 482911 1516857 247444 1871001 1422468 336612 111921 4264347 949174 3312512 2661 4911383 4700529 202577 8277 1750322 1531893 159288 59141 330803 215557 94656 20590 4019799 4019799 10949420 10949420 893060 893060 LIBRARY BOOKS & PERIODI 2415688 2415688 MISCELLANEOUS 2216572 344202 1743514 128856 STUDENT, FACULTY & ALUM 899120 633658 52871 212591 FEES AND DUES 706190 431164 262094 12932 211738450 186129667 21294482 4314301 33558198 28385984 12547198 9503930 3936326 2911815 13766775 13694609 2545099 2700348 345903960 153027682 183800750 192876278 74460401 82148198 5150238 5719072 759804 1284713 330524789 339224947 16538658 20815447 7481624 7301160 5923620 6215317 78793147 77431995 151848 132162 54951447 52113788 163840344 164009869 X 118439827 122046315 12141200 15050292 36103418 38118471 166684445 175215078 330524789 339224947 X -9539861 9884731 8185763 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 1 100200 0 0 100200 0 EXPLANATION OF LOBBYING ACTIVITIES: PART II-B, LINE 1: THE UNIVERSITY ENGAGED OUTSIDE LOBBYIST TO PURSUE EARMARK APPROPRIATIONS TO FURTHER THE ACADEMIC MISSION OF THE UNIVERSITY. X X X COMMUNITY ENRICHMENT 0 72815005 3197551 9003383 758226 3467468 80790245 78927608 1076830 -3085387 799024 3305022 72815005 61283688 9461518 12047684 741734 3123548 78927608 58431578 950699 6097318 790314 3405593 61283688 82228438 1239811 -20434062 933419 3669190 58431578 0.50200 0.49800 0 0 15190385 15190385 273941656 104008567 169933089 50784811 44666522 6118289 5987108 4352593 1634515 192876278 ACCRUED POST RETIREMENT BENEFITS 47766020 ASSET RETIREMENT OBLIGATION 3706630 OBLIGATIONS UNDER CAPITAL LEASE 641138 52113788 X 163061805 9884731 557914 10442645 152619160 121549 49457880 49579429 202198589 162716935 557914 557914 162159021 121549 49457880 49579429 211738450 PART III, LINE 1A: THE UNIVERSITY HAS ELECTED PURSUANT TO SFAS 116 NOT TO REPORT IN ITS REVENUE STATEMENT AND BALANCE SHEET WORKS OF ART. THE FOOTNOTE READS "THE UNIVERSITY HOUSES A COLLECTION OF AMERICAN PAINTINGS AND THE ALFRED O. DESHONG COLLECTION OF EUROPEAN PAINTINGS AND ORIENTAL ART OBJECTS AT THE WIDENER UNIVERSITY ART COLLECTION AND GALLERY THAT IT DOES NOT CAPITALIZE. THESE COLLECTIONS ADHERE TO THE UNIVERSITY'S POLICY TO (A) MAINTAIN THEM FOR PUBLIC EXHIBITION, EDUCATION, OR RESEARCH; AND (B) PROTECT, KEEP UNENCUMBERED, CARE FOR, AND PRESERVE THEM." PART III, LINE 4: LOCATED IN THE UNIVERSITY CENTER, THE WIDENER UNIVERSITY ART COLLECTION AND GALLERY HOUSES THE UNIVERSITY'S DIVERSE COLLECTION OF AMERICAN PAINTINGS AND ALFRED O. DESHONG COLLECTION OF EUROPEAN PAINTINGS AND ORIENTAL ART OBJECTS. IN ADDITION TO THE PERMANENT COLLECTION ON DISPLAY, ROTATING EXHIBITIONS OF CONTEMPORARY ART ARE HELD THROUGHOUT THE YEAR ALONG WITH RECEPTIONS TO MEET THE ARTISTS. THE ART MUSEUM PROVIDES NUMEROUS EDUCATIONAL OPPORTUNITIES TO OUR STUDENTS THROUGH ITS EXISTING COLLECTION AND DIVERSE ROTATING EXHIBITS AND SPECIAL SHOWINGS. IT ALSO PROVIDES CULTURAL ENRICHMENT TO THE FACULTY, STAFF AND SURROUNDING COMMUNITIES AS THE MUSEUM IS FREE AND OPEN TO THE PUBLIC. DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: ENDOWMENT FUNDING SUPPORTS SCHOLARSHIPS, FACULTY DEVELOPMENT, CHAIRS, AWARDS, THE LIBRARY, AS WELL AS OTHER INITIATIVES. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: THE UNIVERSITY HAS BEEN RECOGNIZED BY THE INTERNAL REVENUE SERVICE AS A TAX-EXEMPT ORGANIZATION DESCRIBED IN SECTION 501 (C)(3) OF THE INTERNAL REVENUE CODE. AS SUCH, IT IS SUBJECT TO TAX ONLY ON INCOME FROM ACTIVITIES UNRELATED TO ITS TAX-EXEMPT MISSION. FOR THE YEARS ENDED JUNE 30, 2012 AND 2011, THE UNIVERSITY GENERATED NO SIGNIFICANT UNRELATED BUSINESS INCOME SUBJECT TO TAX, AND NO PROVISION FOR INCOME TAXES WAS PROVIDED. THE UNIVERSITY BELIEVES IT HAS TAKEN NO SIGNIFICANT UNCERTAIN TAX POSITIONS. THE UNIVERSITY'S FEDERAL AND STATE RETURNS FOR THE YEARS ENDED JUNE 30, 2010, 2011 AND 2012 ARE OPEN FOR REVIEW BY FEDERAL AND STATE AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSE 256,388. NET SPECIAL FUNDRAISING EXPENSE 88,819. LOSS ON DISPOSAL OF BUILDING 212,707. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS 49,457,880. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSE 256,388. NET SPECIAL FUNDRAISING EXPENSE 88,819. LOSS ON DISPOSAL OF BUILDING 212,707. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS 49,457,880. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION SCHEDULE E, PART I, LINE 3 OUR POLICY IS PUBLISHED IN ALL CATALOGS, PRINTED MATERIALS AND RADIO ADVERTISEMENTS. EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE SCHEDULE E, PART I, LINE 6 IN THE NORMAL COURSE OF BUSINESS, THE UNIVERSITY ROUTINELY RECEIVES FUNDING FROM FEDERAL, STATE, AND LOCAL GOVERNMENTS FOR STUDENT FINANCIAL AID. ADDITIONALLY, THE UNIVERSITY RECEIVES GRANTS, INCLUDING EARMARKS FOR A NUMBER OF DIFFERENT INITIATIVES, PROGRAMS AND PROJECTS. EUROPE PROGRAM SERVICES LAW SCHOOL SUMMER PROGRAM 137296 EAST ASIA AND THE PACIFIC PROGRAM SERVICES LAW SCHOOL SUMMER PROGRAM 32946 EAST ASIA AND THE PACIFIC PROGRAM SERVICES SHSP INTERNATIONAL TRIP 65229 EUROPE PROGRAM SERVICES CEICS INTERNATIONAL TRIP 38867 CENTRAL AMERICA AND THE CARIBBEAN PROGRAM SERVICES CAS INTERNATIONAL TRIP 1500 0 0 0 0 0 0 275838 0 275838 1 0 0 0 0 0 GOLF OUTING 36500 22187 14313 558 12132 1623 LAW NIGHT 46206 0 46206 12897 9871 4 68168 0 68168 30 13897 112335 150874 22187 128687 30 558 38926 123829 163343 -34656 1 STUDENT FINANCIAL AID/GRANTS/AWARDS 3187 49457880 FMV FMV X X X X X 1 1 X X X 0 1 0 0 0 0 0 0 0 JAMES T HARRIS 375324 0 0 0 544680 0 22384 0 77136 0 1019524 0 500000 0 JOSEPH J BAKER 261124 0 0 0 35049 0 23598 0 19216 0 338987 0 0 0 STEVE WILHITE 253419 0 0 0 29648 0 22267 0 51623 0 356957 0 0 0 LINDA S DURANT 209132 0 0 0 39133 0 23604 0 7888 0 279757 0 0 0 LINDA L AMMONS 254215 0 0 0 37938 0 25000 0 9622 0 326775 0 0 0 FRED A AKL 179923 0 0 0 29206 0 19971 0 9745 0 238845 0 0 0 MICHEAL SLINGER 192712 0 0 0 10444 0 19855 0 18502 0 241513 0 0 0 ROBYN MEADOWS 181565 0 0 0 10065 0 18018 0 21305 0 230953 0 0 0 SAVAS OZATALAY 177714 0 0 0 20028 0 20015 0 14574 0 232331 0 0 0 SUK-CHUNG YOON 192515 0 0 0 15151 0 10779 0 1467 0 219912 0 0 0 PART I, LINE 1A FIRST-CLASS OR CHARTER TRAVEL: THE UNIVERSITY MAINTAINS A WRITTEN ACCOUNTABLE POLICY REGARDING THE PAYMENT OR REIMBURSEMENT OF TRAVEL AND ENTERTAINMENT EXPENSES, INCLUDING AIRLINE AND RAIL TRAVEL, COMPANION TRAVEL, INTERNATIONAL TRAVEL, SOCIAL AND HEALTH CLUBS, MAID SERVICE, AND BUSINESS MEALS, MEETINGS AND ENTERTAINMENT. THE UNIVERSITY'S PRESIDENT REVIEWS AND APPROVES THE TRAVEL AND ENTERTAINMENT EXPENSES FOR ALL UNIVERSITY VICE PRESIDENTS. THE UNIVERSITY'S VICE PRESIDENTS REVIEW AND APPROVE THE TRAVEL AND ENTERTAINMENT EXPENSES FOR THEIR RESPECTIVE STAFF. IT IS IMPORTANT TO NOTE THE PRESIDENT'S TRAVEL AND ENTERTAINMENT EXPENSES ARE REVIEWED AND APPROVED BY THE UNIVERSITY'S BOARD CHAIRPERSON. HOUSING ALLOWANCE OR RESIDENT FOR PERSONAL USE: THE PRESIDENT OF THE UNIVERSITY IS PROVIDED HOUSING AS REQUIRED AS PART OF HIS EMPLOYMENT. THE USE OF THE HOUSE IS EXCLUDED FROM INCOME PURSUANT TO INTERNAL REVENUE CODE SECTION 119 (A)(2). THE FAIR RENTAL VALUE OF THE HOUSING IS $35,000. BUSINESS EXPENSES ARE COVERED UNDER THE UNIVERSITY'S TRAVEL AND ENTERTAINMENT POLICY. PERSONAL SERVICES: OFFICERS AND KEY EMPLOYEES MAY USE A CAR SERVICE FOR EXTENDED TRAVEL IN ORDER TO CONDUCT UNIVERSITY BUSINESS. PART I, LINE 4B THE BOARD OF TRUSTEES HAS APPROVED A SUPPLEMENTAL RETIREMENT PLAN FOR THE PRESIDENT. THE UNIVERSITY ACCRUED A CONTRIBUTION OF $100,000 ANNUALLY FROM 2008 THROUGH 2012 WHICH WAS PREVIOUSLY REPORTED ON SCHEDULE J FOR EACH OF THE APPLICABLE YEARS. THE PRESIDENT VESTED IN THE PLAN AND RECEIVED PAYMENT IN JUNE 2012. THIS PAYMENT IS INCLUDED IN FORM W-2 FOR 2012 AND IS REPORTED IN THIS FORM 990. A PHEFA REVENUE BONDS SERIES 2003 232243852 70917NXJ8 2003-10-01 51590981 SCIENCE & ENGINEERING FACILITY 0 0 0 B PHEFA REVENUE BONDS SERIES 2005 232243852 70917NZ56 2005-02-01 34239090 DORMITORY & PHYSICAL EDUCATION 0 0 0 A 4585000 51590981 4687859 32218908 277558 14054101 0 1 1 1 B 2050000 34239090 3346310 227750 30449130 0 0 1 1 A 0 0 0 0 1 0 1 B 0 0 0 0 0.00350 0.00350 1 0 1 A 0 0 1 0 0 0 0 0 0 B 0 0 1 0 0 0 0 0 0 A 1 B 1 OFFICERS & HIGHEST COMP PERSONS OFFICERS & HIGHEST COMP PERSONS 61543 DISCOUNTED TUITION BRIAN COMMUNICATIONS BRIAN TIERNEY, A WIDENER UNIVERSITY TRUSTEE, OWNS BRIAN COMMUNICATIONS. 817287 ADVERTISING CONTRACT 0 X 6 103872 MARKET VALUE 0 1 1 THIRD PARTY USE: PART I, LINE 32B: THE UNIVERSITY OCCASSIONALLY RECEIVES GIFTS OF STOCK. THE UNIVERSITY SELLS THE STOCK THROUGH A BROKERAGE ACCOUNT. FORM 990, PART VI, SECTION A, LINE 1 AN EXECUTIVE COMMITTEE, WHICH MAY BE CONVENED AT ANY TIME AT THE CALL OF ITS CHAIRMAN, SHALL HAVE AND EXERCISE AUTHORITY OF THE BOARD IN THE MANAGEMENT OF ITS AFFAIRS, TO THE EXTENT PERMITTED BY THE DELAWARE CORPORATION LAW AND THE PENNSYLVANIA CORPORATION NOT-FOR-PROFIT CODE, EXCEPT THAT THE EXECUTIVE COMMITTEE SHALL NOT HAVE AUTHORITY TO: * FILL VACANCIES IN THE BOARD OF TRUSTEES; * ADOPT, AMEND OR REPEAL THE BYLAWS; * AMEND OR REPEAL ANY RESOLUTION OF THE BOARD; * TAKE ANY ACTION ON MATTERS COMMITTED BY THE BYLAWS OR RESOLUTION OF THE BOARD OF TRUSTEES TO ANOTHER COMMITTEE OF THE BOARD; * AMEND THE CERTIFICATE OF INCORPORATION; * ADOPT AN AGREEMENT OF MERGER OR CONSOLIDATION; * RECOMMEND THE SALE, LEASE, OR EXCHANGE OF ALL OR SUBSTANTIALLY ALL OF THE CORPORATION'S PROPERTY; * RECOMMEND A DISSOLUTION OF THE CORPORATION; OR * REVOKE A DISSOLUTION OF THE CORPORATION. THE EXECUTIVE COMMITTEE SHALL CONSIST OF THE OFFICERS OF THE BOARD, THE PRESIDENT OF THE CORPORATION, THE CHAIRMEN OF THE ACADEMIC, DEVELOPMENT AND FINANCE COMMITTEES AND THE CHAIRMAN OF THE LAW SCHOOL BOARD OF OVERSEERS. UPON INVITATION OF THE CHAIRMAN, ANY MEMBER OF THE BOARD MAY ATTEND AND VOTE AT AN EXECUTIVE COMMITTEE MEETING. FORM 990, PART VI, SECTION A, LINE 2 DAVID OSKIN AND RICHARD TAN - BUSINESS RELATIONSHIP FORM 990, PART VI, SECTION B, LINE 11 ONCE A DRAFT OF THE IRS FORM 990 IS COMPLETED AND REVIEWED BY OUR INDEPENDENT TAX ADVISORS, IT IS REVIEWED BY BOTH THE AUDIT AND FINANCE & ADMINISTRATION COMMITTEES OF THE BOARD OF TRUSTEES. IT IS THEN REVIEWED WITH THE FULL BOARD OF TRUSTEES AT ITS NEXT MEETING (NORMALLY THE FEBRUARY MEETING). THE FORM 990 IS NOT FILED UNTIL THE FULL BOARD OF TRUSTEES HAS REVIEWED IT WITH MANAGEMENT. FORM 990, PART VI, SECTION B, LINE 12C THE UNIVERSITY HAS CONFLICT OF INTEREST POLICIES FOR THE BOARD OF TRUSTEES, OFFICERS, KEY EMPLOYEES, FULL-TIME STAFF, AND PART-TIME STAFF INVOLVED IN PURCHASING. THE BOARD OF TRUSTEES COMPLETE THE CONFLICT OF INTEREST DISCLOSURE FORM ON AN ANNUAL BASIS, AND THE DISCLOSURE FORMS ARE RECEIVED AND REVIEWED. THE PROCESS, REVIEW, AND REPORTING FOR THE OFFICERS AND KEY EMPLOYEES IS THE SAME AS THE BOARD OF TRUSTEES. ALL FULL-TIME STAFF AND PART-TIME STAFF INVOLVED IN PURCHASING COMPLETE A DISCLOSURE FORM ANNUALLY, AND THESE ARE COLLECTED AND REVIEWED BY THE EXECUTIVE DIRECTOR OF HUMAN RESOURCES. THIS INDIVIDUAL THEN REPORTS THE FINDINGS TO THE SENIOR VICE PRESIDENT-ADMINISTRATION & FINANCE AND THE PRESIDENT OF THE UNIVERSITY. A REPORT IS THEN MADE BY THE SENIOR VICE PRESIDENT-ADMINISTRATION & FINANCE TO THE FINANCE AND ADMINISTRATION COMMITTEE OF THE BOARD, WHICH THEN REPORTS THE FINDINGS TO THE FULL BOARD OF TRUSTEES. FORM 990, PART VI, SECTION B, LINE 15 IT IS THE POLICY OF WIDENER UNIVERSITY AND ITS BOARD OF TRUSTEES (BOARD) TO COMPENSATE ITS EXECUTIVES IN ACCORDANCE WITH THE MARKET AND IN RELATION TO EXPERIENCE, SERVICE AND ACCOMPLISHMENT BOTH PRIOR TO, AND DURING, THEIR SERVICE TO THE UNIVERSITY. WHILE THE UNIVERSITY DOES NOT HAVE A FORMAL COMPENSATION COMMITTEE, MEMBERS OF THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES ACT IN THIS CAPACITY AND THEN PRESENT THE COMPENSATION DATA OF ALL DISQUALIFIED PERSONS TO THE BOARD OF TRUSTEES. THE BOARD'S USE OF CUPA AND SIMILIAR INDICES IS FOR GUIDANCE PURPOSES, TAKING INTO CONSIDERATION THAT THE POSITIONS REPORTED THEREIN ARE NOT, IN MANY INSTANCES, EQUIVALENT TO THE EXECUTIVE POSITIONS AT THE UNIVERSITY. THUS, WHEN AN INDIVIDUAL EXECUTIVE ACQUIRES ADDITIONAL RESPONSIBILITIES ABOVE AND BEYOND THOSE TRADITIONALLY ASSOCIATED WITH THE GENERAL CATEGORY SET FORTH IN THE COMPARATIVE INDICIES, THE BOARD MAY CONSIDER AND AWARD APPROPRIATE COMPENSATION. EXCEPTIONS TO THIS POLICY CAN OCCUR WHERE SPECIAL EXPERTISE, ACCOMPLISHMENT OR EXPERIENCES ARE REQUIRED IN A PARTICULAR POSITION OR AN URGENT NEED HAS ARISEN JUSTIFYING, IN THE BOARD'S ANALYSIS, COMPENSATION AT A LEVEL IN EXCESS OF THE POLICY RANGE ADOPTED BY THE BOARD. WHEN SUCH EXCEPTIONS ARISE, THE BOARD SHALL SET FORTH A STATEMENT OF THEIR REASONING SUPPORTING THE DEPARTURE FROM THE ESTABLISHED EXECUTIVE COMPENSATION POLICY. FINALLY, THE BOARD, IN EVERY THIRD YEAR, WILL ENGAGE AN OUTSIDE CONSULTANT TO VERIFY THAT TOTAL COMPENSATION PAID TO THE EXECUTIVES OF THE UNIVERSITY IS FAIR AND REASONABLE. FORM 990, PART VI, SECTION C, LINE 19 THE UNIVERSITY MAKES AVAILABLE TO THE PUBLIC ON ITS WEBSITE THE UNIVERSITY'S ARTICLES OF INCORPORATION, THE CONFLICT OF INTEREST POLICY, THE EXECUTIVE COMPENSATION POLICY, THE FORM 990, THE FORM 990-T AND THE UNIVERSITY'S AUDITED FINANCIAL STATEMENTS. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 9: CHANGE IN PENSION 8,185,763. PHEFA REVENUE BOND, SERIES OF 2003 FORM 990, SCHEDULE K, PART I THE BOND WAS ORIGINALLY ISSUED IN 2003 WITH STAGGERING MATURITY DATES FROM 2008-2036. EACH MATURITY DATE HAS BEEN ASSIGNED A UNIQUE CUSIP NUMBER. PHEFA REVENUE BOND, SERIES OF 2005 FORM 990, SCHEDULE K, PART I THE BOND WAS ORIGINALLY ISSUED IN 2005 WITH STAGGERING MATURITY DATES FROM 2007-2039. EACH MATURITY DATE HAS BEEN ASSIGNED A UNIQUE CUSIP NUMBER. THE NEUROPSYCHOLOGY ASSESSMENT CENTER ONE UNIVERSITY PLACE CHESTER PA 19013 421682886 EDUCATION PA 501(C)(3) LINE 9 WIDENER UNIVERSITY 1 THE WIDENER PARTNERSHIP CHARTER SCHOOL ONE UNIVERSITY PLACE CHESTER PA 19013 421705892 SCHOOL PA 501(C)(3) LINE 2 WIDENER UNIVERSITY 1 PROVIDENCE ENTERPRISES INC ONE UNIVERSITY PLACE CHESTER PA 19013 510260604 INACTIVE PA WIDENER UNIVERSITY C 1.00000 0 ACNP CORPORATION ONE UNIVERSITY PLACE CHESTER PA 19013 232540747 RESTAURANT PA WIDENER UNIVERSITY C 19042 40914 1.00000 0 UNIVERSITY TECHNOLOGY PARK INC 1350 EDGEMONT AVENUE SUITE 1300 CHESTER PA 19013 233045605 REAL ESTATE PA WIDENER UNIVERSITY C 31745 3116993 0.50000 0 1 1 0 0 0 0 0 0 0 1 1 1 0 1 0 0 1 0 0 THE WIDENER PARTNERSHIP CHARTER SCHOOL J 900000 THE WIDENER PARTNERSHIP CHARTER SCHOOL L 200776 THE WIDENER PARTNERSHIP CHARTER SCHOOL Q 5094224 THE NEUROPSYCHOLOGY ASSESSMENT CENTER L 9016 THE NEUROPSYCHOLOGY ASSESSMENT CENTER Q 189709 SCHEDULE R, PART V, LINE 1K THE UNIVERSITY LEASES TO ITS SOCIAL WORK CONSULTATION SERVICES DEPARTMENT SPACE IN A BUILDING OWNED BY UNIVERSITY TECHNOLOGY PARK INC. SCHEDULE R, PART V, LINE 1N THE UNIVERSITY SHARES ITS FACILITIES WITH NEUROPSYCHOLOGY ASSESSMENT CENTER AT WIDENER UNIVERSITY.