2014-05-15T13:47:51-05:00 2013-06-30 990 2012-07-01 231352000 THE ACADEMY OF NATURAL SCIENCES OF PHILADELPHIA ACAD 2152991000 1900 BENJAMIN FRANKLIN PARKWAY PHILADELPHIA PA 191031101 LISA MILLER 2152991000 2014-05-14 DONNA L MANN 2012 2015-11-30 17:44:51Z THE ACADEMY OF NATURAL SCIENCES OF DREXEL UNIVERSITY LISA MILLER 1900 BENJAMIN FRANKLIN PARKWAY PHILADELPHIA PA 191031101 26979650 0 X WWW.ANSP.ORG X 1812 PA THE ACADEMY OF NATURAL SCIENCES (ACADEMY) WAS ESTABLISHED IN 1812 AND IS THE OLDEST NATURAL SCIENCE RESEARCH INSTITUTION AND MUSEUM IN THE AMERICAS. IT'S MISSION IS "WE ADVANCE RESEARCH, EDUCATION, AND PUBLIC ENGAGEMENT IN BIODIVERSITY AND ENVIRONMENTAL SCIENCE". THE ACADEMY IS AFFILIATED WITH DREXEL UNIVERSITY AND IS RECOGNIZED INTERNATIONALLY FOR ITS SYSTEMATIC AND ENVIRONMENTAL RESEARCH, DIVERSE NATURAL SCIENCE COLLECTIONS, EXHIBITS AND EDUCATIONAL PROGRAMS. 27 22 298 423 -2630 -2630 3491561 11343064 2134913 3540565 3069694 3854092 138052 376947 8834220 19114668 0 0 0 0 4477976 6679256 0 0 850201 3884167 8843470 8362143 15522726 472077 3591942 77049493 83109693 9732527 9581699 67316966 73527994 X THE MISSION IS "WE ADVANCE RESEARCH, EDUCATION, AND PUBLIC ENGAGEMENT IN BIODIVERSITY AND ENVIRONMENTAL SCIENCE." THE ACADEMY IMPLEMENTS ITS MISSION THROUGH IMPROVING UNDERSTANDING OF THE DIVERSITY OF LIFE, DEVELOPING AND APPLYING SCIENCE TO PROTECT THE ENVIRONMENT, ADVANCING PUBLIC INTEREST AND ENGAGEMENT IN NATURAL SCIENCES AND ENVIRONMENTAL ISSUES, AND PRESERVING THE HERITAGE OF NATURAL SCIENCE IN SPECIMENS, IMAGES, WORDS AND NUMBERS. 0 0 5736349 1886185 RESEARCH-ACADEMY SCIENTISTS CONDUCT RESEARCH AROUND THE WORLD, COLLECTING SPECIMENS THAT HELP THEM DOCUMENT BIODIVERSITY, TRACE EVOLUTION, AND TRACK ENVIRONMENTAL CHANGES OVER TIME. THROUGH FESTIVALS, MEMBERS' NIGHT, BEHIND-THE-SCENES TOURS, AND POPULAR PUBLICATIONS, THESE SCIENTISTS SHARE THEIR DISCOVERIES, ENABLING THEIR COLLEGUES, VISITORS, AND MEMBERS TO GAIN FURTHER INSIGHT INTO LIFE ON EARTH AND HOW TO SUSTAIN IT IN THE FUTURE. IN THE PAST 18 MONTHS, ACADEMY SCIENTISTS PRODUCED MORE THAN 50 PEER-REVIEWED PUBLICATIONS. THEY ALSO CONTINUED CULTIVATING OUR COLLECTIONS AND TRAVELING OUTSIDE THE MUSEUM FOR RESEARCH ON DOZENS OF FIELD TRIPS AND EXPEDITIONS. ACADEMY SENIOR CURATOR OF ENTOMOLOGY AND GRASSHOPPER EXPERT DAN OTTE DESCRIBED 80 NEW MELANOPLUS SPECIES FROM THE UNITED STATES.ACADEMY SCIENTISTS RESEARCH, MONITOR, AND EVALUATE WATER QUALITY IN THE NORTHEAST CORRIDOR AND FARTHER AFIELD; ANALYZE WATER AND SEDIMENT SAMPLES; AND STUDY LIFE WITHIN AQUATIC ECOSYSTEMS. IN 2012, FISHERIES AND WATERSHED SCIENTISTS TRAVELED TO MONGOLIA TO STUDY HOW CLIMATE CHANGE HAS AFFECTED STREAM HEALTH AND ECOLOGY. CLOSER TO HOME, THE ACADEMY'S PATRICK CENTER WAS AWARDED A SIGNIFICANT GRANT FROM THE WILLIAM PENN FOUNDATION TO CONTINUE TO EVALUATE THE POTENTIAL ECOLOGICAL IMPACTS OF MARCELLUS SHALE DRILLING ACTIVITIES ON SMALL STREAMS IN NORTHEAST PENNSYLVANIA. 6735234 1909404 EDUCATION - THE ACADEMY BRINGS NATURAL SCIENCE TO LIFE THROUGH THREE FLOORS OF SIGNATURE EXHIBITS, INCLUDINTG DINOSAURS AND OTHER ANCIENT CREATURES. OUTSIDE IN, OUR CHILDREN'S NATURE DISCOVERY ROOM, LIVE ANIMALS AND INSECTS, AND CLASSIC DIORAMAS. TO CELEBRATE 200 YEARS OF DISCOVERY, THE ACADEMY, TOGETHER WITH EXHIBIT DESIGNERS REMER AND TALBOT, CREATED THE ACADEMY AT 200: THE NATURE OF DISCOVERY. THE EXHIBIT FEATURED A BEAUTIFUL 80-FOOT-LONG WALL OF ACADEMY SPECIMENS AND ARTIFACTS, IMMERSIVE ENVIRONMENTS THAT BROUGHT VISITORS FACE-TO-FACE WITH CURRENT ACADEMY FIELD RESEARCH, AND AUTHENTIC TOUCHABLE ITEMS.IN FISCAL 2013, THE ACADEMY INCREASED GENERAL ADMISSIONS BY 10 PERCENT AND SERVED MORE THAN 75,000 SCHOOLCHILDREN THROUGH OUTREACH PROGRAMS. MORE THAN 10,000 PEOPLE ATTENDED THE FOUR ANNUAL FESTIVALS AT THE ACADEMY. IN 2012 AND EARLY 2013, THE ART OF SCIENCE GALLERY DISPLAYED NOTED PHOTOGRAPHER ROSAMOND PURCELL'S IMAGES OF ACADEMY SPECIMENS TAKEN FOR THE ACADEMY'S BICENTENNIAL BOOK, A GLORIOUS ENTERPRISE; PHOTOGRAPHS FROM THE ACADEMY'S VISUAL RESOURCES FOR ORNITHOLOGY (VIREO), THE MOST COMPREHENSIVE BIRD IMAGE BANK IN THE WORLD; AND LIFE-SIZE WATERCOLOR PAINTINS OF OCEAN FISHES BY RENOWNED ARTIST AND AUTHOR JAMES PROSEK. 642782 7712 LIBRARY AND ARCHIVES - ACADEMY LIBRARY AND ARCHIVES IS INTERNATIONALLY RECOGNIZED FOR ITS RARE AND HISTORIC BOOKS, JOURNALS, ART, ARTIFACTS, MANUSCRIPTS, PHOTOGRAPHS, AND THE UNIQUE PAPERS AND RESEARCH OF ACADEMY MEMBERS AND STAFF. THE LIBRARY HOLDS MORE THAN 250,000 TITLES THAT SPAN FIVE CENTURIES. OUR ARCHIVES COLLECTIONS CONTAIN OVER A MILLION ITEMS, INCLUDING MANUSCRIPTS, CORRESPONDENCE, FIELD NOTEBOOKS, FILMS, JOURNALS, AND PHOTOGRAPHS.IN 2012, THE LIBRARY AND ARCHIVES INCREASED VISITATION BY 58 PERCENT. BOOK CONSERVATOR NANCY NITZBERG COMPLETED THE RESORATION OF THE PRIZED FIRST-EDITION COPY OF OUR 1777 COOK ATLAS. WE ALSO BEGAN PLANS TO PROCESS THE EXTENSIVE RUTH PATRICK PAPERS THROUGH A PHILADELPHIA ARE CONSORTIUM OF SPECIAL COLLECTIONS LIBRARIES (PACSCL) PROJECT, UNCOVERING PHILADELPHIA'S PAST: A REGIONAL SOLUTION TO REVEALING HIDDEN COLLECTIONS. THIS WORK IS SUPPORTED BY A GRANT FROM THE COUNCIL ON LIBRARY AND INFORMATIONAL RESOURCES & ANDREW W. MELLON FOUNDATION. 13114365 1 1 0 0 0 0 0 1 0 1 1 1 1 0 1 1 1 1 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 1 1 1 1 0 0 0 1 0 0 0 1 111 0 1 298 1 0 1 CJ EI 0 0 1 1 1 1 0 0 0 0 X 27 22 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 AL AK AZ AR CA CO DE DC FL GA HI ID IL IN IA KS KY LA ME MD MA MI MN MS MO MT NE NV NH NJ NM NY NC ND OH OK OR PA RI SC TN TX UT VT VA WA WV WI WY X X LISA MILLER VP OF FINANCE CFO 2152991000 1900 BENJAMIN FRANKLIN PARKWAY PHILADELPHIA PA 191011101 GEORGE W GEPHART JR 45.00 X X 297633 0 16385 CYNTHIA P HECKSHER 10.00 X X 0 0 0 MICHAEL H REED ESQ 3.00 X X 0 0 0 PETER AUSTEN 1.00 X 0 0 0 HELEN Y BOWMAN 1.00 40.00 X 0 539548 38406 BYRON T CLARK 1.00 X 0 0 0 CARL S CUTLER 1.00 X 0 0 0 ABBIE DEAN 1.00 X 0 0 0 HARVEY I FORMAN ESQUIRE 1.00 X 0 0 0 JOHN A FRY 1.00 40.00 X 0 1058504 186377 MARK L GREENBERG 1.00 40.00 X 0 507047 43406 R JAMES MACALEER 1.00 X 0 0 0 SANDRA L MCLEAN 1.00 X 0 0 0 ALLEN MODEL 1.00 X 0 0 0 ANTHONY K MOORE 1.00 X 0 0 0 I WISTAR MORRIS III 1.00 X 0 0 0 JOHN NYHEIM 1.00 X 0 0 0 PATRICK M OATES PHD 1.00 X 0 0 0 SEYMOUR S PRESTON III 1.00 X 0 0 0 ANN L REED 1.00 X 0 0 0 GERALD B RORER 1.00 X 0 0 0 JOHN J SOROKO 1.00 X 0 0 0 KENNETH J WARREN ESQUIRE 1.00 X 0 0 0 DAVID P LAZAR SR 3.00 X X 0 0 0 JUDITH E SOLTZ ESQ 3.00 X X 0 0 0 CATHERINE T HUNT PHD 1.00 X 0 0 0 JOHN F BALES III 1.00 X 0 0 0 EDWARD A MONTGOMERY JR 1.00 X 0 0 0 MINTURN T WRIGHT III 1.00 X 0 0 0 ELIZABETH DOLAN 1.00 X 0 0 0 ANDREW LEWIS 1.00 X 0 0 0 RUTH PATRICK 1.00 X 0 0 0 DAVID RUSENKO 45.00 X 118961 0 6011 SARA HERTZ 45.00 X 178954 0 16551 DAVID VELINSKY 11.00 34.00 X 68137 53343 17846 663685 2158442 324982 3 0 1 0 C ERICKSON & SONS INC 2200 ARCH STREET PHILADELPHIA PA 19103 ENGINEERING SERVICES 1274382 O'BRIEN BUSINESS SYSTEMS INC 739 E ELM STREET CONSHOHOCKEN PA 19428 FLOORING 316020 CLEAN TECH SERVICES INC 114 CHESTNUT STREET PHILADELPHIA PA 19106 CLEANING SERVICES 220869 MAYO SEITZ MEDIA INC 751 ARBOR WAY 130 BLUE BELL PA 19422 MEDIA SERVICES 210725 ASSETS PROTECTION INC 113 WEST LICOLN HIGHWAY PENNDEL PA 19047 SECURITY 108804 6 398815 5380 5339105 11136 5588628 753906 11343064 SYSTEMATIC BIOLOGY RE 541700 1273497 1273497 MUSEUM ADMISSIONS 900099 1205259 1205259 ENVIRONMENTAL RESEARCH 541700 612687 612687 EDUCATION & MUSEUM PRO 611600 441410 441410 LIBRARY 519100 7712 7712 3540565 2883981 -2630 2886611 119591 119591 8782192 7812081 970111 970111 970111 8707 5380 14087 -5380 -5380 134304 38814 95490 95490 FACILITY SALES 900099 154075 154075 EATERY FOR MUSEUM GUESTS 722210 13171 13171 167246 19114668 3803301 -2630 3970933 634495 48877 355296 230322 5337371 4208295 769458 359618 72046 54388 10601 7057 208605 149538 38830 20237 426739 287393 91668 47678 20592 100 20492 54983 54983 23235 4049 18701 485 340449 293541 46730 178 861519 825158 6034 30327 705889 617773 62181 25935 101568 56836 42824 1908 34085 34085 1340905 46183 1294082 640 312971 305030 6292 1649 144479 109222 20151 15106 10110 10110 2897754 2897754 1006552 747479 194966 64107 161060 55515 105545 INTERCOMPANY CHARGE BAC 483788 483788 LAB SUPPLIES 138281 138281 OTHER SUPPLIES 103453 100158 3295 MISCELLANEOUS 71974 38265 17789 15920 29823 1602547 -1601758 29034 15522726 13114365 1558160 850201 112169 1313061 38075 52537 546604 376777 1830589 2991663 85466 6401 414980 86684 32317907 10681642 20476900 21636265 26146052 32594608 20064091 16305036 7334567 7746661 77049493 83109693 512358 296179 366146 822838 8854023 8462682 9732527 9581699 X 12775258 15277709 6869093 7897818 47672615 50352467 67316966 73527994 77049493 83109693 X 3591942 1844986 774100 X X 0 1 X 1 1 1 X 6876128 5810719 5430352 7384123 11343064 36844386 3607442 3693605 3975761 3757189 3803301 18837298 10483570 9504324 9406113 11141312 15146365 55681684 480203 612033 406589 1192630 6275924 8967379 993097 759206 636948 850111 978870 4218232 1473300 1371239 1043537 2042741 7254794 13185611 42496073 3240583 3557521 3289252 3061810 3006202 16155368 3240583 3557521 3289252 3061810 3006202 16155368 -8861428 -319007 3094821 970111 -5115503 13724153 4200417 12376358 17297943 19122678 66721549 0.63690 0.72540 0.24210 0.24410 X SCHEDULE A, PART IV, SUPPLEMENTAL INFORMATION: SCHEDULE A, PART III, LINE 12: EXPLANATION FOR OTHER INCOME: NET REALIZED INVESTMENT GAIN RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 903100 854742 907120 2664962 3997443 116280 98013 25440 239733 225775 213686 226780 666241 999362 X X X X 0 45680688 821546 5086554 2950176 48638612 45794134 152200 2486317 2751963 45680688 50024054 1623397 -776448 5076869 45794134 47438833 374640 6248863 4038282 50024054 43115074 1428304 7377655 4418612 63588 47438833 0.02820 0.86860 0.10320 1 0 20764268 688413 20075855 11553639 9993229 1560410 21636265 MORGAN STANLEY INSTITUTIONAL 129060 F GOLDMAN SACHS FUNDS 4693473 F MADISON INTERNATIONAL RE 1067583 F FIR TREE RECOVERY FUND 1965252 F VERDIS ENERGY & RESOURCES 129167 F VERDIS REAL ASSETS CAPITAL 1339751 F FLAG ENERGY 503174 F FLAG REAL ESTATE FUND 472867 F OWL CREEK 1097343 F ADDISON CLARK 1086958 F MASON CAPITAL 1110396 F ING MORTGAGE 999184 F FORESTOR OFFSHORE LTD 1662988 F ADAMS STREET GLOBAL 47840 F 16305036 WOODWARD TRUST 3660916 F SHARPE TRUST 3558646 F CARPENTER TRUST 396379 F MORRIS TRUST 130720 F 7746661 ADDITIONAL MINIMUM LIABILITY PENSION PLAN 5503523 PAYROLL TAXES AND BENEFITS PAYABLE 565229 LIFE INCOME GIFTS 282626 OTHER LIABILITIES 310406 DREXEL INTERCOMPANY LOAN 722680 DISCRETIONARY LINE OF CREDIT 1078218 8462682 X 21520970 1844986 157063 2002049 19518921 -404253 -404253 19114668 16084042 157063 157063 15926979 -404253 -404253 15522726 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: THE ACADEMY IS A NONPROFIT ORGANIZATION THAT HAS BEEN GRANTED TAX EXEMPT STATUS UNDER SECTION 501 (C)3 OF THE INTERNAL REVENUE CODE. THE ACADEMY HAS, FROM TIME TO TIME, REPORTED UNRELATED BUSINESS INCOME FROM INVESTMENTS HELD IN THE ENDOWMENT FUND, WHEN UNRELATED BUSINESS INCOME HAS BEEN REPORTED BY THE INVESTMENT MANAGER ON SCHEDULE K-1. THE ACADEMY ALSO ANNUALLY REVIEWS THE ITEMS AVAILABLE FOR SALE IN THE ACADEMY'S GIFT SHOP. ALTHOUGH THE PURPOSE OF EACH SALE IS TO FURTHER THE MUSEUMS EXEMPT PURPOSE, THUS EXCLUDING IT FROM UNRELATED BUSINESS INCOME, THE ACADEMY IDENTIFIES CERTAIN ITEMS (I.E. FOODSTUFFS AND WATER) AS UNRELATED BUSINESS INCOME ITEMS. PART XI, LINE 4B - OTHER ADJUSTMENTS: EXPENSES ASSOCIATED WITH GENERATION OF MISCELLANEOUS REVENUE AND COST OF GOOD SOLD $38,414 PART III, LINE 1A: THE COLLECTIONS, WHICH WERE ACQUIRED THROUGH PURCHASES AND CONTRIBUTIONS SINCE THE ACADEMY'S INCEPTION, ARE NOT RECOGNIZED AS ASSETS ON THE STATEMENT OF FINANCIAL POSITION. PURCHASES OF COLLECTION ITEMS ARE RECORDED AS DECREASES IN UNRESTRICTED NET ASSETS IN THE YEAR IN WHICH THE ITEMS ARE ACQUIRED OR AS TEMPORARILY OR PERMANENTLY RESTRICTED NET ASSETS IF THE ASSETS USED TO PURCHASE THE ITEMS ARE RESTRICTED BY DONORS. CONTRIBUTED COLLECTION ITEMS ARE NOT REFLECTED ON THE FINANCIAL STATEMENTS. PROCEEDS FROM DEACCESSIONS OR INSURANCE RECOVERIES ARE REFLECTED AS INCREASES IN THE APPROPRIATE NET ASSET CLASSES. THE ACADEMY'S COLLECTIONS ARE MADE UP OF LIBRARY HOLDINGS, SCIENTIFIC SPECIMENS, MINERALS, GEMS, EXHIBITS, AND ART OBJECTS THAT ARE HELD FOR EDUCATIONAL RESEARCH, SCIENTIFIC, AND CURATORIAL PURPOSES. EACH OF THE ITEMS ARE CATALOGED, PRESERVED AND CARED FOR, AND ACTIVITIES VERIFYING THEIR EXISTENCE AND ASSESSING THEIR CONDITION ARE PERFORMED CONTINUOUSLY. PART III, LINE 4: THE ACADEMY'S COLLECTIONS OF MORE THAN 17 MILLION CATALOGED NATURAL HISTORY SPECIMENS AND ARTIFACTS ARE COLLECTIVELY AMONG THE 10 LARGEST IN THE UNITED STATES. THROUGH ITS THREE MAIN COMPONENTS - RESEARCH, EDUCATION AND MUSEUM, THE ACADEMY WORKS TO SHARE IT'S SCIENTIFIC KNOWLEDGE GAINED FROM THE COLLECTIONS AND OTHER ORGANIZATIONS, GOVERNMENTS, BUSINESSES, AND INDIVIDUALS TO INSPIRE STEWARDSHIP IN THE ENVIRONMENT AND TO PROMOTE AND ENCOURAGE CONTINUED INVESTMENT IN THE NATURAL SCIENCES. PART V, LINE 4: THE ENDOWMENT FUNDS WERE ESTABLISHED TO SUPPORT SPECIFIC COLLECTIONS AND RESEARCH, EDUCATION, PUBLICATIONS, THE LIBRARY, DEPARTMENTAL CHAIRS AND POSITIONS, AND THE OVERALL OPERATION OF THE ACADEMY OF NATURAL SCIENCES. PART X, LINE 2: PART X, LINE 25: THE ACADEMY DID NOT HAVE A FIN 48 LIABILITY FOR AN UNCERTAIN TAX POSITION IN ITS AUDITED FINANCIAL STATEMENTS. PART XIII- LINE 2D- EXPENSES OF $92,964 ASSOCIATED WITH GENERATING MISCELLANEOUS REVENUE. COST OF GOODS SOLD $222,652 (SEE PART VIII FORM 990 LINE 10B). EAST ASIA AND THE PACIFIC - 0 0 PROGRAM SERVICES RESEARCH/COLLECTING 92286 EUROPE (INCLUDING ICELAND & GREENLAND) - 0 0 PROGRAM SERVICES RESEARCH/COLLECTING 13836 NORTH AMERICA 0 0 PROGRAM SERVICES RESEARCH/COLLECTING 53573 SOUTH AMERICA 0 0 PROGRAM SERVICES RESEARCH/COLLECTING 6605 CENTRAL AMERICA AND THE CARIBBEAN 0 0 PROGRAM SERVICES RESEARCH/COLLECTING 784 RUSSIA & THE NEWLY INDEPENDENT STATES 0 0 PROGRAM SERVICES RESEARCH/COLLECTING 653 SOUTH ASIA 0 0 PROGRAM SERVICES RESEARCH/COLLECTING 5000 SUB-SAHARAN AFRICA 0 0 PROGRAM SERVICES RESEARCH/COLLECTING 3755 0 0 0 0 0 0 176492 0 176492 0 0 0 0 0 0 SCHEDULE F, PART I, LINE 3: THE EXPENDITURES INCURRED IN ACTIVITIES OUTSIDE THE UNITED STATES ARE TRACKED ON EXPENSE REPORTS SUBMITTED BY THE SCIENTISTS AND EMPLOYEES. THE EXPENSE REPORTS DOCUMENT THE ACTUAL EXPENDITURES AND DISBURSEMENTS MADE WITHIN THE FOREIGN LOCATION. X X X X X 0 1 0 0 0 0 0 0 0 GEORGE W GEPHART JR 297633 0 0 0 0 0 5000 0 11385 0 314018 0 0 0 HELEN Y BOWMAN 0 376765 0 70000 0 92783 0 22500 0 15906 0 577954 0 0 JOHN A FRY 0 714120 0 200000 0 144384 0 170067 0 16310 0 1244881 0 0 MARK L GREENBERG 0 457047 0 50000 0 0 0 27500 0 15906 0 550453 0 0 SARA HERTZ 178954 0 0 0 0 0 3580 0 12971 0 195505 0 0 0 MIGUEL PEREZ-PEREZ RELATED TO BOARD MEMBER 11943 EMPLOYMENT 0 SCHEDULE L-PART IV- SUPPLEMENTAL INFORMATION BUSINESS TRANSACTIONS INVOLVING INTERESTED PERSONS MIGUEL PEREZ-PEREZ IS THE SON-IN-LAW OF A MEMBER OF ACADEMY'S BOARD OF TRUSTEES. MIGUEL WORKS IN THE BOTANY DEPARTMENT OF THE ACADEMY AS A CURATORIAL ASSISTANT. X 8 0 N/A X 0 N/A X 37 753906 SELLING PRICE X 7 0 N/A X 3 0 N/A X 4 0 N/A X 2 0 N/A X GIFT CERTIFICATES 4 0 N/A X COMPUTER EQUIPMENT 3 0 N/A X SUPPLIES, ART 2 0 N/A 0 1 0 METHOD FOR DETERMINING NUMBER OF CONTRIBUTIONS: PART I, COLUMN (B): THE ORGANIZATION IS REPORTING THE NUMBER OF CONTRIBUTIONS IN COLUMN (B), NOT THE NUMBER OF ITEMS. FORM 990, PART VI, SECTION A, LINE 6 THE MEMBERSHIP OF THE ACADEMY CONSISTS OF ONE VOTING MEMBER WHICH IS DREXEL UNIVERSITY. FORM 990, PART VI, SECTION A, LINE 7A DREXEL UNIVERSITY IS THE SOLE VOTING MEMBER AND HAS THE AUTHORITY TO APPOINT OR REMOVE AN ACADEMY TRUSTEE. FORM 990, PART VI, SECTION A, LINE 7B TO THE FULLEST EXTENT PERMITTED UNDER THE PENNSYLVANIA NON-PROFIT CORPORATION LAW OF 1988, AS AMENDED, CERTAIN CORPORATE ACTIONS REQUIRE THE APPROVAL OF THE MEMBER. FORM 990, PART VI, SECTION B, LINE 11 THE DRAFT 990 IS PREPARED INTERNALLY AND REVIEWED BY THE ACADEMY'S AUDIT COMMITTEE. ACTING ON BEHALF OF THE BOARD, THE AUDIT COMMITTEE WILL APPROVE THE FINAL VERSION AND DIRECT THE RETURN TO BE FILED. A COPY OF THE FINAL VERSION IS DISTRIBUTED TO ALL MEMBERS OF THE BOARD OF TRUSTEES PRIOR TO FILING AND POSTED ON THE WEBSITE. FORM 990, PART VI, SECTION B, LINE 12C ALL TRUSTEES AND APPROPRIATE ACADEMY STAFF REVIEW AND SIGN A CONFLICT OF INTEREST POLICY EACH YEAR WHICH IS MONITORED FOR COMPLIANCE. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION OF THE ACADEMY'S CEO WAS RECOMMENDED BY THE ACADEMY'S SEARCH COMMITTEE WORKING WITH AN EXECUTIVE SEARCH FIRM AND APPROVED BY THE BOARD OF TRUSTEES. THE COMPENSATION WAS BASED ON DATA PROVIDED BY THE SEARCH FIRM THAT FACTORED IN THE SPECIFIC INDUSTRY ALONG THE GEOGRAPHIC REGION. THE SEARCH FIRM ALSO PROVIDED DATA ON THE OTHER NON-PROFIT CEO'S WITHIN THE REGION TO HELP RECOMMEND AN APPROPRIATE SALARY RANGE. A THIRD PARTY COMPENSATION SPECIALIST REVIEWED ALL POSITIONS AT THE ACADEMY AND RECOMMENDED A COMPENSATION STRUCTURE BASED ON JOB CLASS, INDUSTRY SECTOR, AND GEOGRAPHIC REGION. INDIVIDUAL COMPENSATION LEVELS ARE ESTABLISHED WITHIN THE RANGE FOR THE GIVEN POSITION BASED ON THE EXPERIENCE AND YEARS OF SERVICE. FORM 990, PART VI, SECTION C, LINE 19 THROUGH THE ACADEMY'S PUBLIC WEBSITE THE PUBLIC MAY REQUEST AND PRINT THE ACADEMY'S BY-LAWS, ARTICLES OF INCORPORATION, FORM 990, CODE OF ETHICS AND CONDUCT AND THE CURRENT AUDIT FINANCIAL STATEMENTS. THE ACADEMY WILL ALSO RESPOND TO WRITTEN REQUESTS AS WELL AS PHONE REQUESTS FOR INFORMATION FOR THOSE WITHOUT COMPUTER ACCESS. THE ACADEMY'S 990 ALSO APPEARS ON INDEPENDENT NON-PROFIT WEBSITES LIKE GUIDESTAR AND CHARITY NAVIGATOR. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 9: FROZEN DEFINED BENEFIT PENSION PLAN EXPENSES 774,100. FORM 990, PART XII, LINE 2C: THE ACADEMY'S AUDIT COMMITTEE REVIEWS AND APPROVES THE AUDIT PLAN AND AUDITED FINANCIAL STATEMENTS FOR THE ACADEMY OF NATURAL SCIENCES. THE TASK OF SELECTING THE INDEPENDENT AUDITOR IS THE RESPONSIBILITY OF DREXEL UNIVERSITY'S AUDIT COMMITTEE. THE DREXEL COMMITTEE IS RESPONSIBLE FOR SELECTING THE INDEPENDENT AUDITORS FOR THE ENTIRE UNIVERSITY SYSTEM, WHICH INCLUDES ALL SUBSIDIARIES. DREXEL UNIVERSITY 3141 CHESTNUT STREET PHILADELPHIA PA 19104 231352630 HIGHER EDUCATION PA 501(C)(3) LINE 2 N/A 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 DREXEL UNIVERSITY C 5339106 CASH DREXEL UNIVERSITY E 722680 CASH DREXEL UNIVERSITY P 3404143 CASH