2014-05-14T14:33:45-05:00 2013-06-30 363990892 Capin Crouse LLP 972 Emerson Parkway STE A Greenwood IN 46143 990 2012-07-01 231409675 Eastern University EAST 6103415922 1300 Eagle Road St Davids PA 190873696 J Pernell Jones 6103415922 2014-05-14 1 David C Moja P00747006 3178852620 2012 2015-11-30 17:44:51Z Robert Duffett 1300 Eagle Road St Davids PA 190873696 101192317 0 X www.eastern.edu X 1952 PA Educational services 33 29 1988 25 753181 0 5742029 5447168 80976450 79495898 842729 6172351 1571344 1406180 89132552 92521597 24993929 24973918 0 0 38590644 38874065 10807 1195 1395648 25668287 25064052 89263667 88913230 -131115 3608367 109836753 117109718 48373721 49855116 61463032 67254602 X Eastern University is a Christian university dedicated through teaching and learning, scholarship, service, spiritual formation, student development, and stewardship to the preparation of undergraduate, theological, and graduate students for thoughtful and productive lives of Christian faith, leadership, and service. Achievement of that mission requires that the University manage effectively and justly the resources with which it is entrusted and that students appropriate and give witness to a Christian world view through action and voice; Advance critical thinking, reflection, analysis, and communication skills; develop intellectual curiousity, passion and agility; demonstrate knowledge and competencies in the arts, sciences, and professions; assume responsibility for justice - especially social, political and economic justice; assume responsibility for Godly stewardship of all resources; discern the ethical consequences of decisions and actions. 0 0 53275699 24973918 69820335 Instruction - Expenditures for all activities through which students earn credit toward postsecondary degrees or certificates, and the support services for the delivery of instruction. Includes expenditures for curriculum development, departmental research, education materials (e.g., libraries), laboratories and other services that directly assist the institution's academic functions, faculty development, and academic administration. 8899932 10349466 Auxiliary and Other Operations - Funds expended for auxiliary enterprises that generally operate as self-supporting programs by charging fees for the provision of goods and services; also includes expenditures for institutional support and plant operations attributable and/or allocable to the programmatic departments of the institution. 8706653 Student Services - Funds expended for offices of admissions and registrar and those activities that contribute to the emotional and physical wellbeing of students, as well as their intellectual, cultural, and social development outside of the context of the formal instructional environment including student activities, counseling and career guidance, intercollegiate athletics, and student organizations. 5060069 Academic Support - Funds expended to provide support services for the core, instructional mission of the University including operation of libraries and laboratories, instructional technologies, assessment, and academic administration. 5060069 75942353 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 1 1 0 1 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 1 0 0 0 1 334 0 1 1988 1 1 1 0 0 0 0 1 1 0 0 0 0 X 33 29 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 PA X J Pernell Jones 6103415948 1300 Eagle Road St Davids PA 190873696 David Black 40.00 X X 183875 0 95340 Michael Mandalino 1.00 X 0 0 0 Marjean B Brauch 1.00 X 0 0 0 Delores Brisbon 1.00 X 0 0 0 Jacob Chatman 1.00 X 0 0 0 Steve Clemens 1.00 X 0 0 0 Rev Danny Cortes 1.00 X 0 0 0 Rev Albert G Davis Jr 1.00 X 0 0 0 Dr Rev Richard A Dent 1.00 X 0 0 0 Ronald B Evans 1.00 X 0 0 0 E Shepard Farrar 1.00 X 0 0 0 Rev Dr W Wilson Goode Sr 1.00 X 0 0 0 W Donald Gough 1.00 X 0 0 0 Arthur W Hill 1.00 X 0 0 0 John C Honor Jr 1.00 X 0 0 0 Lucy Huff 1.00 X 0 0 0 Teresa Klaassen 1.00 X 0 0 0 Richardson T Merriman 1.00 X 0 0 0 Steve O'Hearn 1.00 X 0 0 0 Charles A Olson III 1.00 X 0 0 0 Thomas M Petro 1.00 X 0 0 0 Janis Plostnieks 1.00 X 0 0 0 James H Rogers 1.00 X 0 0 0 Dr Richard E Rusbuldt 1.00 X 0 0 0 George Torggler 1.00 X 0 0 0 Malcolm Street 1.00 X 0 0 0 John Sundquist 1.00 X 0 0 0 Dennis Tanner PhD 1.00 X 0 0 0 John M Templeton Jr MD 1.00 X 0 0 0 F Ardell Thomas MD 1.00 X 0 0 0 Rev Dr Alyn E Waller 1.00 X 0 0 0 Kelly Wilbraham 1.00 X 0 0 0 Algit Joy 1.00 X 0 0 0 Kenton Sparks 40.00 X 35071 0 131978 Thomas Ridington 40.00 X 124233 0 30746 Derek Ritchie 40.00 X 106707 0 27311 Diana Bacci 40.00 X 120946 0 25091 Betty Ann Brigham 40.00 X 125316 0 9938 Christopher Hall 40.00 X 99237 0 99491 J Pernell Jones 40.00 X 138835 0 29815 Debra Heath-Thornton 40.00 X 108057 0 15947 Beth Doriani 40.00 X 104156 0 27485 1146433 0 493142 8 0 1 0 United Health Care 5901 Lincoln Drive Edina MA 55436 Insurance 2950573 Sodexo PO Box 905374 Charlotte NC 28290 Food Services 2926219 Arthur Jackson and Company 7025 West Chester Pike Upper Darby PA 19082 Cleaning Services 712415 Keystone Health Plan East PO Box 70250 Philadelphia PA 19103 Insurance 594928 Tri-M Group 204 Gale Lane Kenneth Square PA 19348 Contractors 416855 8 70200 1838049 3538919 66394 5447168 Tuition and fees 611600 69146432 69146432 Room charges 611600 5687824 5687824 Dining hall charges 611600 4585427 4585427 Book store 611600 76215 76215 79495898 694607 694607 802803 761962 40841 40841 40841 4396543 8907590 3731564 4094825 664979 4812765 5477744 5477744 61465 70200 82369 -20904 -20904 Conferences 721310 712340 712340 Other income 900099 673903 673903 1386243 92521597 80169801 753181 6151447 357446 357446 24265101 24265101 351371 351371 1440711 762220 535604 142887 137841 137841 28273597 24050238 3579967 643392 1583120 1308727 236408 37985 5461873 4325227 1030538 106108 1976923 1648994 274574 53355 96880 24066 72814 127100 2300 124800 1195 1195 170583 170583 1719993 1437760 270304 11929 946721 895210 44013 7498 1944697 1115129 709488 120080 1211001 332182 859568 19251 4133809 3515356 617643 810 975537 749397 148639 77501 306896 180847 19319 106730 1753529 1014667 738862 2650000 2650000 3311327 2025166 1286161 217770 29175 188595 Food Service & Dining H 2926398 2890587 25889 9922 Bad Debt Expense 672144 671576 568 Books, Magazines, Libra 405575 399741 4513 1321 Equipment Maint. & Repa 211326 126804 80488 4034 1282766 675225 555891 51650 88913230 75942353 11575229 1395648 22547062 22981015 334203 348109 1890443 5854978 1655448 1645508 2794715 106356596 49181900 60059264 57174696 18499500 21751616 1002704 3911335 558271 618646 1644350 1674608 109836753 117109718 4072833 5963206 2380969 3235310 39957678 38624559 36981 1962241 1995060 48373721 49855116 X 38945448 41882967 2814621 3016338 19702963 22355297 61463032 67254602 109836753 117109718 3608367 2642169 -458966 0 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 21771059 235971 3599444 673393 111542 102272 24719267 21566374 33997 899980 426500 173730 129062 21771059 17551664 1588635 2963323 304878 144063 88307 21566374 11313634 4770601 1856805 168629 127211 93536 17551664 12721440 861454 -1712931 265854 197569 92906 11313634 0.09560 0.90440 0.00000 0 0 11017747 11017747 72645481 30674404 41971077 848512 311309 537203 15188346 13507312 1681034 6656510 4688875 1967635 57174696 Annuities payable 1111971 Student deposits 219150 Advances from federal gov't for student loans 663939 1995060 X 70845543 2642169 761962 3404131 67441412 163018 24917167 25080185 92521597 64595007 761962 761962 63833045 163018 24917167 25080185 88913230 Description of Intended Use of Endowment Funds: Part V, Line 4: Endowment funds are intended to earn investment income and to fund future operations. Description of Uncertain Tax Positions Under FIN 48: Part X, Line 2: Tax benefit from an uncertain tax position are only recognized in the statement of financial position if the tax position is more likely than not to be sustained upon an examination, based on the technical merits of the position. As of June 30, 2013, the University had no uncertain tax positions that qualify for recognition or disclosure in the financial statements. Part XI, Line 2d - Other Adjustments: Rent expense included on Part VIII, Line 6b 761,962. Part XI, Line 4b - Other Adjustments: Tuition and fees 24,917,167. Part XII, Line 2d - Other Adjustments: Rent expense included on Part VIII, Line 6b 761,962. Part XII, Line 4b - Other Adjustments: Tuition and fees 24,917,167. 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 Institution's racial nondiscriminatory policy is publicized through the institution's website. Explanation of Government Financial Assistance Schedule E, Part I, Line 6 Title IV federal funds are received for student tuition. 1 Sub-Saharan Africa 0 4 Program services Education 127711 Central America and the Caribbean 0 8 Program services Education 428286 Central America and the Caribbean 0 8 Grants to Recipients 315752 Sub-Saharan Africa 0 4 Grants to Recipients 35619 0 24 0 0 0 24 907368 0 907368 Financial aid Central America and the Caribbean 46 315752 Apply as payment to student bill Financial aid Sub-Saharan Africa 7 35619 Apply as payment to student bill 0 0 0 0 0 0 Procedure for Monitoring Grants Outside the U.S.: Schedule F, Part I, Line 2: Grants are awarded to individuals based on compliance with eligibility requirements. Awarded grants are applied directly by the University to the student tuition billing. Method Used to Acccount for Expenditures: Schedule F, Part I, Line 3: Expenditures are accounted for using the accrual basis of accounting. Golf event 131665 70200 61465 82369 131665 70200 61465 82369 82369 -20904 1 Chestnut Hill College 9601 Germantown Ave Philadelphia PA 19118 231352626 501 (c) 3 357446 Pass through funds for Department of Education Title II Program 1 0 Scholarships and grants to students for educational programs at the University 2405 24265101 Procedure for Monitoring Grants in the U.S.: Part I, Line 2: Schedule I, Part I, Line 2: Grants are awarded to individuals based on compliance with eligibility requirements. Award grant and assistance amounts are applied by the University to the student tuition billing. X 1 1 X X X X 0 0 0 0 0 0 0 0 0 David Black 181753 0 0 0 2122 0 80928 0 14412 0 279215 0 0 0 Kenton Sparks 34904 0 0 0 167 0 12481 0 119497 0 167049 0 0 0 Thomas Ridington 118446 0 0 0 5787 0 10031 0 20715 0 154979 0 0 0 Christopher Hall 92696 0 0 0 6541 0 20360 0 79131 0 198728 0 0 0 J Pernell Jones 134922 0 0 0 3913 0 11200 0 18615 0 168650 0 0 0 Part I, Line 1a The Chancellor and Provost received a minister's housing allowance which was not treated as taxable compensation. A Delaware County Authority 231973437 245913JB5 2006-10-26 15802394 Construction 0 0 0 B Delaware County Authority 231973437 245913KZ0 2012-06-29 21511845 Refinancing and construction 0 0 0 C Delaware County Authority 231973437 2013-01-02 4180000 Refinance 0 0 0 A 1925000 15802394 998097 291400 394705 14130784 2008 0 0 1 1 B 805000 21511845 2022556 399018 15611356 3500000 2013 1 0 0 0 C 4180000 80000 4100000 2013 1 0 1 1 A 0 0 0 0 0.02540 0.02540 0 0 1 B 0 0 0 0 0 0 1 C 0 0 0 0 0 0 1 A 0 0 0 1 0 0 0 0 1 B 0 1 0 0 0 0 0 0 1 C 0 1 0 0 1 0 0 0 1 A 1 B 1 C 1 Schedule K Part IV, Arbitrage, Line 2c Date Rebate Computation Performed Issuer Name: Delaware County Authority Date the Rebate Computation was Performed: 09/26/2011 S Cortes Family member Rev. Danny Cortes, Board Member 37551 W-2 wages 0 P Mugridge Family member W. Donald Gough 78993 W-2 wages 0 E Merriman Family member Richardson T. Merriman, Board Member 21297 W-2 wages 0 X 10 66394 Fair market value 0 1 0 Method for Determining Number of Contributions: Part I, Column (b): The number of contributors represents the number of contributions received. Form 990, Part VI, Section B, line 11 The Form 990 is prepared by an independent CPA firm. Prior to filing the Form 990, the return is reviewed by the Treasurer (Chair of the Finance and Property Committee), the Chair of the Audit sub-committee, and the Assistant Treasurer. The Form 990 is distributed in electronic form to the entire Board of Trustees prior to filing. Form 990, Part VI, Section B, line 12c The conflict of interest policy is included in the employee handbook of the University, and it is monitored and enforced by departmental and/or divisional managers. Officers, trustees, and key employees are annually required to disclose interests that could give rise to conflicts. If a conflict of interest were to arise at a board meeting, the interested person would abstain from voting. Form 990, Part VI, Section B, line 15a The compensation for the President is established by the Executive Compensation Committee of the Board of Trustees and the process was last completed during the tax year with the hiring of the new President. The Committee reviews market data as to compensation levels for comparable positions at similar organizations, and it maintains minutes of its meetings. Form 990, Part VI, Section C, line 19 The documents are available upon request. Explanation of Responsibility Form 990, Part XII, Line 2c The organization's Board assumes responsibility for oversight of the audit of its financial statements and selection of its independent accountant. This process has not changed since the prior year. Charitable Remainder Unitrust (1) Charitable Remainder Unitrust PA T 0 Perpetual Trusts (1) Perpetual Trust PA T 0 Perpetual Trusts (1) Perpetual Trust CT T 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0