2013-04-12T14:39:27-05:00 2012-05-31 KPMG LLP 1676 International Drive McLean VA 22102 990 2011-06-01 240795506 WILKES UNIVERSITY % JANET KOBYLSKI WILK 5704084500 84 WEST SOUTH STREET WILKESBARRE PA 187660999 Loren Prescott 2013-04-09 true 7032868000 2011 2016-02-25 16:41:14Z PRESIDENT PATRICK F LEAHY 84 WEST SOUTH STREET WILKESBARRE PA 18766 111058534 false X WWW.WILKES.EDU X 1933 PA TO EDUCATE OUR STUDENTS FOR LEARNING AND SUCCESS IN AN EVOLVING AND MULTICULTURAL WORLD THROUGH A COMMITMENT TO INDIVIDUALIZED ATTENTION, EXCEPTIONAL TEACHING, AND ACADEMIC EXCELLENCE. 33 30 1779 345 0 0 8055283 7387183 93337468 94703788 1666688 2208194 2046318 1862026 105105757 106161191 24160630 26354471 0 0 46043088 44832133 171508 130800 1318681 32288062 30202524 102663288 101519928 2442469 4641263 151354084 169047074 70165867 88152779 81188217 80894295 X TO CONTINUE THE WILKES TRADITION OF LIBERALLY EDUCATING OUR STUDENTS FOR LIFELONG LEARNING AND SUCCESS IN A CONSTANTLY EVOLVING AND MULTICULTURAL WORLD THROUGH A COMMITMENT TO INDIVIDUALIZED ATTENTION, EXCEPTIONAL TEACHING, SCHOLARSHIP AND ACADEMIC EXCELLENCE, WHILE CONTINUING THE UNIVERSITYS COMMITMENT TO COMMUNITY ENGAGEMENT. false false 32239047 617 85831345 INSTRUCTION INCLUDES ALL EXPENDITURES FOR ACTIVITIES THAT ARE PART OF THE INSTITUTION'S INSTRUCTIONAL PROGRAMS. THIS INCLUDES CREDIT AND NON-CREDIT COURSES, ACADEMIC, VOCATIONAL, AND TECHNICAL INSTRUCTION. THE UNIVERSITY OFFERS 36 UNDERGRADUATE MAJORS, 12 GRADUATE PROGRAMS AND SEVERAL PRE-PROFESSIONAL PROGRAMS. ENROLLMENT INCLUDES 2,100 FULL-TIME UNDERGRADUATE STUDENTS FROM OVER 18 STATES AND 10 FOREIGN COUNTRIES. CLASS SIZES ARE KEPT SMALL TO ENABLE GREATER ACCESS TO PROFESSORS AND MORE INDIVIDUALIZED ATTENTION IN THE CLASSROOM. UNDERGRADUATE FRESHMEN CLASS SIZES AVERAGE 21 STUDENTS WITH 16 STUDENTS FOR UPPER LEVEL CLASSES. WILKES IS DEDICATED TO BEING A LEADER IN HIGHER EDUCATION THROUGHOUT THE NORTHEASTERN UNITED STATES AND IS DEDICATED TO ACADEMIC EXCELLENCE THROUGH MENTORING. 28230709 26353854 SCHOLARSHIP INCLUDES EXPENDITURES FOR GENERAL, NEED BASED, AND ENDOWMENT SCHOLARSHIPS AND FELLOWSHIPS FROM RESTRICTED OR UNRESTRICTED CURRENT FUNDS IN THE FORM OF GRANTS TO STUDENTS, RESULTING FROM SELECTION BY DIVISION OF ENROLLMENT MANAGEMENT. AT LEAST 90% OF STUDENTS RECEIVED SOME SORT OF FINANCIAL AID. GRANTS AWARDED INCLUDE PENNSYLVANIA STATE GRANTS (PHEAA) AND WILKES NEED BASED GRANTS. ALSO INCLUDED IS TUITION REMISSION FOR OTHER LOCAL COLLEGES AND PROGRAMS. 9577427 8872443 STUDENT SERVICES INCLUDES FUNDS EXPENDED FOR ACTIVITIES WITH THE PRIMARY PURPOSE OF CONTRIBUTING TO THE STUDENT'S EMOTIONAL AND PHYSICAL WELL-BEING AND INTELLECTUAL, CULTURAL, AND SOCIAL DEVELOPMENT OUTSIDE THE CONTEXT OF THE FORMAL INSTRUCTION PROGRAM. WILKES CLASSIFIES THE FOLLOWING OFFICES INTO THIS PROGRAM: OFFICES OF ENROLLMENT SERVICES (ADMISSIONS), REGISTRAR, FINANCIAL AID ADMINISTRATION, CAREER SERVICES, AND HEALTH AND WELLNESS SERVICES. IN ADDITION, EXPENDITURES FOR STUDENT ACTIVITIES, CULTURAL EVENTS, INTRAMURAL AND INTERCOLLEGIATE ATHLETICS, FRESHMAN ORIENTATION, AND STUDENT CLUBS AND ORGANIZATIONS ARE CONSIDERED STUDENT SERVICES FOR FINANCIAL STATEMENT PURPOSES. 9297830 ACADEMIC SUPPORT - SEE SCHEDULE O 1255386 RESEARCH - SEE SCHEDULE O 1188067 PUBLIC SERVICE - SEE SCHEDULE O 11741283 81788466 true true false false false false false true false true true true false false true true true false true true true false false true true false false false true true true false false false false false false false false false true true false false false true true false false false false true 212 0 true 1779 true false false false false false true true false false false false X 33 30 false false false false false false false true true false false true true true true true true true true false PA X JANET KOBYLSKI 5704084501 84 WEST SOUTH STREET WILKESBARRE PA 187660999 X REVEREND MICHAEL BREWSTER 2.0 X 0 0 0 DANIEL CARDELL 11.0 X X 0 0 0 LAURA CARDINALE 2.0 X 0 0 0 TERRY CASEY 2.0 X 0 0 0 DENISE S CESARE 7.0 X 0 0 0 CHARLES F COHEN 3.0 X 0 0 0 DOUG COLANDREA 3.0 X 0 0 0 JEFF DAVIDOWITZ 2.0 X 0 0 0 SHELLEY FREEMAN 1.0 X 0 0 0 MICHAEL I GOTTDENKER 10.0 X X 0 0 0 DAVID GREENWALD 2.0 X 0 0 0 JASON GRIGGS 6.0 X 0 0 0 WILLIAM HANBURY 2.0 X 0 0 0 JOHN KERR 3.0 X 0 0 0 CAROL KEUP 1.0 X 0 0 0 MILAN S KIRBY 4.0 X 0 0 0 DANIEL KLEM JR 4.0 X 0 0 0 DOROTHY DARLING MANGELSDORF 2.0 X 0 0 0 MELANIE MASLOW LUMIA 1.0 X 0 0 0 MICHAEL J MAHONEY 10.0 X X 0 0 0 GEORGE J MATZ 4.0 X 0 0 0 JOHN R MILLER 12.0 X X 0 0 0 WILLIAM R MILLER 2.0 X 0 0 0 GERALD A MOFFATT 7.0 X 0 0 0 GEORGE PAWLUSH 6.0 X 0 0 0 THOMAS RALSTON 1.0 X 0 0 0 HEDY RITTENMEYER 3.0 X 0 0 0 STEVEN ROTH 3.0 X 0 0 0 JAY S SIDHU 4.0 X 0 0 0 VIRGINIA P SIKES 7.0 X 0 0 0 ELIZABETH A SLAUGHTER PHD 3.0 X 0 0 0 MATTHEW R SORDONI 1.0 X 0 0 0 JOSEPH GILMOUR 75.0 X X 249670 0 86993 G REYNOLD VERRET 60.0 X 205923 0 54153 LOREN PRESCOTT 60.0 X 183522 0 37998 PAUL ADAMS 50.0 X 129860 0 18532 MICHAEL WOOD 50.0 X 126226 0 60045 MELANIE WADE 50.0 X 121271 0 14248 BERNARD GRAHAM 50.0 X 172569 0 23022 MICHAEL SPEZIALE 50.0 X 168473 0 25508 SYED KALIM 50.0 X 177451 0 16125 JAMAL GHORIESHI 50.0 X 164363 0 16479 DALE BRUNS 50.0 X 145031 0 19853 JEFFREY ALVES 50.0 X 140175 0 18715 TERI OOMS 50.0 X 143603 0 13002 2128137 0 404673 61 false true false SUNGARD HIGHER EDUCATION INC 4 COUNTRY VIEW ROAD MALVERN PA 19355 IT MANAGEMENT 3235301 SODEXO INC AFFILIATES 9801 WASHINGTONIAN BOULEVARD GAITHERSBURG MD 20878 FOOD SERVICE MGMT 2715820 SAYLOR GREGG ARCHITECTS 1100 LAND TITLE BLDG / 100 S BROAD PHILADELPHIA PA 19110 ARCHITECTURAL SVCS 1474156 LEARNING SCIENCES INTERNATIONAL 175 CORNELL ROAD BLAIRSVILLE PA 15717 ACADEMIC COURSES 949500 160 OVER 90 1 SOUTH BROAD STREET 10TH FLOOR PHILADELPHIA PA 19107 MARKETING 518503 19 73013 3223879 4090291 329193 7387183 TUITION AND FEES 900099 85831345 85831345 AUXILIARY ENTERPRISES 900099 8872443 8872443 94703788 1100533 0 1100533 2925 2925 100742 100742 64492 35667 28825 28825 28825 5804741 25000 4718747 6258 1085994 18742 1104736 1104736 38832 73013 136671 -97839 -97839 0 0 ENDOWMENT DRAWDOWNS 900099 1317000 1317000 MISCELLANEOUS 900099 513298 513298 1830298 106161191 95217086 0 3556922 0 26353854 26353854 617 617 0 1679372 406332 1273040 0 33827575 28274358 5039969 513248 2396890 2160292 198060 38538 4335368 3910959 377277 47132 2592928 2240812 312400 39716 0 62345 62345 187295 187295 0 130800 130800 220044 4677 215367 5079647 4080470 984075 15102 1292504 278929 750817 262758 2956797 1335735 1541873 79189 4069832 2526768 1542409 655 0 2842234 1979749 862485 873058 766034 72981 34043 0 198406 177820 18264 2322 2641141 1456634 1184507 0 4404513 2429164 1975349 346148 346148 BAD DEBTS 940620 917788 22832 PRINTING AND PUBLICATIONS 853585 517654 280463 55468 ENTERTAINMENT 982749 805110 145698 31941 EQUIPMENT MAINTENANCE 915366 135344 778468 1554 1336240 683218 609639 43383 101519928 81788466 18412781 1318681 0 0 18395601 19647549 3255767 4673622 1763986 1875194 0 0 0 0 0 0 0 0 490205 378609 149482010 76994137 70436746 72487873 36291801 50217417 15756823 15124316 3563372 3123778 0 0 1399783 1518716 151354084 169047074 6738542 7488807 0 0 1003489 1356936 52975000 69653236 0 0 0 0 41055 24056 0 0 9407781 9629744 70165867 88152779 X 40270072 40768677 15846373 15614545 25071772 24511073 81188217 80894295 151354084 169047074 X 4641263 -4935185 X false true true X true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1446000 X false false 38292348 229858 -1283157 1317000 184364 35737685 32667073 551885 6619932 1363000 183542 38292348 29448828 906589 4155073 1675095 168322 32667073 38843902 964402 -8661856 1530321 167299 29448828 0.26000 0.51000 0.23000 false false 5261356 5261356 102976624 43897904 59078720 27415919 25258552 2157367 13828111 7837681 5990430 72487873 BENEFICIAL INTEREST IN TRUSTS 6337743 F ALTERNATIVE INVESTMENTS 5536767 F FUNDS HELD IN TRUST FOR OTHERS 3241819 F REAL ESTATE INVESTMENT TRUST 7987 F 15124316 0 ADVANCES FROM FED GOVT 3443700 INVESTMENTS HELD IN TRUST 3241819 POSTRETIREMENT BENEFITS 1237372 UNAMORTIZED BOND PREMIUM 1287604 LIABILITY UNDER SPLIT INTEREST 367151 DEPOSITS HELD IN CUSTODY 52098 9629744 106161191 101519928 4641263 -4427021 -508164 -4935185 -293922 74847411 -4427021 250 172337 -4254434 79101845 196711 26862635 27059346 106161191 75141333 250 172337 172587 74968746 196711 26354471 26551182 101519928 WORKS OF ART SCH D PART III, LINE 4 A COLLECTION OF ARTWORK IS MAINTAINED BY THE UNIVERSITY PURELY FOR PUBLIC DISPLAY BOTH IN THE ART GALLERY AND ON CAMPUS. THEY ARE NOT HELD FOR SALE. ENDOWMENT FUND SCHEDULE D, PART V, LINE 4 THE INTENDED USE OF THE UNIVERSITY'S ENDOWMENT FUNDS IS TO FUND SCHOLARSHIPS AS WELL AS DEPARTMENTAL CHAIRS AND TO SUPPORT OPERATING EXPENSES. TAX POSITIONS UNDER FIN 48 SCH D PART X, LINE 2 THE UNIVERSITY IS INCORPORATED IN THE COMMONWEALTH OF PENNSYLVANIA AS A NONPROFIT ORGANIZATION. THE UNIVERSITY HAS RECEIVED A DETERMINATION FROM THE INTERNAL REVENUE SERVICE THAT IT IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE UNIVERSITY AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF THE UNIVERSITY HAS TAKEN AN UNCERTAIN TAX POSITION THAT MORE LIKELY THAN NOT BE SUSTAINED UNDER EXAMINATION BY THE IRS. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE UNIVERSITY, AND HAS CONCLUDED THAT AS OF MAY 31, 2012, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE UNIVERSITY IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. CHANGE IN NET ASSETS SCHEDULE D, PART XI, LINE 8 CHANGE IN VALUE OF PERPETUAL TRUSTS AND SPLIT INTEREST AGREEMENTS SPLIT INTEREST AGREEMENTS................................(713,364) STUDENT LOANS..................................... 205,200 ============ TOTAL..............................................(508,164) REVENUE RECONCILIATION SCH D, PART XII LINES 2D AND 4B LINE 2D SPECIAL EVENTS............................................$ 136,670 RENTAL EXPENSES............................................ 35,667 ======== TOTAL.....................................................$ 172,337 LINE 4B SCHOLARSHIP AID........................................$ 26,149,271 CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS...........$ 713,364 =========== TOTAL..................................................$ 26,862,635 RECONCILIATION OF EXPENSES SCHEDULE D, PART XIII, LINES 2D AND 4B LINE 2D SPECIAL EVENTS............................................$ 136,670 RENTAL EXPENSES............................................ 35,667 ======== TOTAL.....................................................$ 172,337 LINE 4B SCHOLARSHIP AID........................................$ 26,149,271 STUDENT LOANS DISBURSED................................$ 205,200 ========== TOTAL..................................................$ 26,354,471 true true true true true true true false false false false false false false false true false true NONDISCRIMINATORY POLICY SCH E LINE 3 ALL PUBLICATIONS IN THE AREAS OF RECRUITMENT PUBLICIZE THE UNIVERSITY'S NON-DISCRIMINATORY POLICY. FINANCIAL AID SCHEDULE E, LINE 6A LOAN PROGRAMS (PERKINS AND NURSING), SEOG, COLLEGE WORK STUDY, IAG (INSTITUTIONAL ASSISTANCE GRANT), PELL GRANT, MISCELLANEOUS NEED-BASED PHEAA GRANTS, NATIONAL GUARD AWARDS, AND PRIVATE SCHOLARSHIPS (ROTC PROGRAM). true South Asia Program Services FOREIGN STUDY 3980 South Asia Grantmaking 617 South Asia 1 Program Services RECRUITING STUDENTS 3750 East Asia and the Pacific 1 Program Services RECRUITING STUDENTS 5000 Middle East and North Africa Program Services RECRUTITING STUDENTS 26250 Europe (Including Iceland and Greenland) Investments 493597 Central America and the Caribbean Investments 3406072 North America Investments 100906 Sub-Saharan Africa Investments 29716 East Asia and the Pacific Investments 36519 2 2 4106407 4106407 TUITION DISCOUNT South Asia 1 0 OTHER 617 DISCOUNT FMV true false true true false false SCHEDULE F, PART I, LINE 2 MONITORING OF FUNDS THE AWARDING OF FUNDS FOLLOWS THE GUIDELINES OF THE FINANCIAL AID PROCESS. SCHEDULE F, PART I, LINE 3, COLUMN (F) ACCOUNTING METHOD OF EXPENDITURES EXPENDITURES ARE RECORDED ON THE ACCRUAL BASIS. SCHEDULE F, PART I, LINE 3, COLUMN (F) INVESTMENTS ARE REPORTED AT BOOK VALUE AT 5/31/2012. X X X X X X X true Jerold Panas Linzy Ptrns CONSULTING STRATEGY false 130800 130800 Lecture Series 73601 55070 18531 7996 10610 82500 18192 Golf Tournament 17475 7250 10225 3658 3233 3417 2 20769 10693 10076 2950 150 3965 111845 73013 38832 11654 16793 82650 25574 136671 -97839 PROFESSIONAL FUNDRAISER SCHEDULE G, PART I, LINE 2B THE FIRM "JEROLD PANAS, LINZY & PTRNS" PROVIDES ON SITE COUNSEL FOR A $20 MILLION CAPITAL CAMPAIGN AS WELL AS DEVELOPS STRATEGY FOR THE CAMPAIGN INCLUDING VOLUNTEER ORGANIZATION, PROSPECT ASSESSMENT, AND SOLICITATION SCHEDULES AND TIMELINES. true DISCOUNTS TO ALUMNI AND DEPENDENTS 1 1342 NAMED SCHOLARSHIPS 278 918105 NEED BASED GRANTS AND SCHOLARSHIPS 1391 8352666 OTHER SCHOLARSHIPS 1697 15104896 REMISSIONS - UPWARD BOUND ETC 660 1771645 STUDENT LOANS DISBURSED 58 205200 EXPLANATION OF SCHEDULE FINANCIAL AID AWARDS SCH I WILKES UNIVERSITY MAINTAINS A COMPREHENSIVE PROGRAM OF FINANCIAL AID TO ASSIST STUDENTS IN THE FINANCING OF THEIR EDUCATIONAL PROGRAMS. THE UNIVERSITY AWARDS BOTH MERIT SCHOLARSHIPS AND NEED-BASED GRANTS TO UNDERGRADUATE STUDENTS. MERIT AWARDS ARE BASED ON HIGH SCHOOL ACHIEVEMENT INCLUDING SAT SCORES AND HIGH SCHOOL CLASS RANK. STUDENTS MUST COMPLETE THE FREE APPLICATION FOR FEDERAL STUDENT AID TO HAVE THEIR ELIGIBILITY FOR NEED-BASED AID DETERMINED. X X X X true true X X X false false false false false false false false false JOSEPH GILMOUR 249670 0 0 0 0 0 25755 0 61238 0 336663 0 0 0 G REYNOLD VERRET 205923 0 0 0 0 0 21518 0 32635 0 260076 0 0 0 LOREN PRESCOTT 183522 0 0 0 0 0 19041 0 18957 0 221520 0 0 0 MICHAEL WOOD 126226 0 0 0 0 0 13532 0 46513 0 186271 0 0 0 SYED KALIM 177451 0 0 0 0 0 10870 0 5255 0 193576 0 0 0 JAMAL GHORIESHI 164363 0 0 0 0 0 11107 0 5372 0 180842 0 0 0 DALE BRUNS 145031 0 0 0 0 0 15035 0 4818 0 164884 0 0 0 JEFFREY ALVES 130075 0 0 0 10100 0 13390 0 5325 0 158890 0 0 0 TERI OOMS 125306 0 17813 0 484 0 12620 0 382 0 156605 0 0 0 BERNARD GRAHAM 172569 0 0 0 0 0 18098 0 4924 0 195591 0 0 0 MICHAEL SPEZIALE 155318 0 10935 0 2220 0 15532 0 9976 0 193981 0 0 0 HOUSING ALLOWANCE SCHEDULE J, PART I HOUSING IS PROVIDED FOR THE UNIVERSITY PRESIDENT, VP OF FINANCE AND THE UNIVERSITY'S PROVOST AS WELL AS THEIR FAMILIES. THIS INCLUDES PAYMENT OF ALL UTILITIES AND INSURANCE ON THE RESIDENCES. NO PART OF THE HOUSING ALLOWANCE IS TREATED AS TAXABLE COMPENSATION. THE UNIVERSITY MAINTAINS WRITTEN LEASES THAT DOCUMENT THE USE OF UNIVERSITY HOUSING BY EMPLOYEES. HEALTH OR SOCIAL CLUB DUES SCHEDULE J, PART I ALL UNIVERSITY EMPLOYEES ARE OFFERED A MEMBERSHIP AT THE LOCAL YMCA. IN ADDITION, CERTAIN MEMBERS OF THE PRESIDENT'S CABINET BELONG TO A LOCAL SOCIAL CLUB WHICH REQUIRES DUES OF $108 PER MONTH. THE HEALTH OR SOCIAL CLUB DUES ARE NOT TREATED AS TAXABLE COMPENSATION. PERSONAL SERVICES SCHEDULE J, PART I CLEANING SERVICES ARE PROVIDED AT THE PRESIDENT'S RESIDENCE BY A UNIVERSITY CUSTODIAN. THE CLEANING SERVICES ARE NOT TREATED AS TAXABLE COMPENSATION. TRAVEL FOR COMPANIONS SCHEDULE J, PART I TRAVEL FOR COMPANIONS IS FOR THE PRESIDENT'S SPOUSE. NO PART OF THE TRAVEL FOR COMPANIONS IS TREATED AS TAXABLE COMPENSATION. THE BOARD'S CONTRACTUAL AGREEMENT WITH THE PRESIDENT AUTHORIZES REIMBURSEMENT FOR TRAVEL FOR THE SPOUSE WHEN HER PRESENCE IS DEEMED BY THE PRESIDENT TO BE IN FURTHERANCE OF THE MISSION OF THE UNIVERSITY. THE UNIVERSITY KEEPS RECEIPTS TO DOCUMENT TRAVEL. CITY OF WILKES BARRE FINANCE AUTHORITY SERIES 2007 968254AC6 2007-05-30 54134142 REFUNDING BONDS AND PREPAYING false false false NORTHEATERN PA HOSPITAL & EDUCATION AUTHOR SER A 237394107 664556BD8 2012-05-09 16956391 FINANCE NEW FACILITY false false false NORTHEASTER PA HOSPITAL & EDUCATION AUTHOR SER B 237394107 2012-04-13 15000000 FINANCE NEW FACILITY false false false 0 0 54134142 2127750 0 51254416 738963 0 13013 0 0 0 2007 true true true true 0 0 16956391 1657500 0 0 284230 0 0 0 0 15014661 false false false 0 0 15000000 0 0 0 139234 0 0 0 0 14860766 false false false true true true true false 0.00371 0.02825 0.03195 true true false false false 0 true true false false false 0.00000 0.00000 0.00000 true false true false 0 false 0 false false false false false 0 false 0 false false false true false 0 false 0 false false MEMBER OF AN LLC SCHEDULE K, PART III, LINE 1 WILKES UNIVERSITY IS THE SOLE MEMBER OF WU REAL ESTATE, LLC, WHICH IS TREATED AS A DISREGARDED ENTITY OF THE UNIVERSITY. WU REAL ESTATE LLC'S OWNERSHIP OF BOND FINANCED FACILITIES IS THEREFORE TREATED AS OWNERSHIP BY A 501(C)(3) ENTITY. PRIVATE BUSINESS USE BY OTHER THAN 501 (C)(3) ORGANIZATION SCHEDULE K, PART III, LINE 4 THE PERCENTAGE SHOWN ON PART III, LINE 4 REPRESENTS RENT RECEIVED FROM A HOLDOVER BUSINESS TENANT OF A BUILDING PURCHASED BY THE UNIVERSITY AND IS CALCULATED ON THE BASIS OF ONE BUILDING WHICH WAS FINANCED BY APPROXIMATELY 19.63% OF THE PROCEEDS OF THE BOND ISSUE. PRIVATE BUSINESS USE AS A RESULT OF UNRELATED TRADE OR BUSINESS ACTIVITY SCHEDULE K, PART III, LINE 5 THE AMOUNTS SHOWN ON PART III, LINE 5 REPRESENT RENT RECEIVED FROM ELDERLY HOLDOVER TENANTS OF A BUILDING PURCHASED BY THE UNIVERSITY TO PROVIDE STUDENT HOUSING. THESE NON-STUDENT TENANTS ARE PERMITTED TO STAY IN THE BUILDING UNTIL THE TENANT DECIDES TO TERMINATE THE LEASE. THE PERCENTAGE IS CALCULATED ON THE BASIS OF ONE BUILDING WHICH WAS FINANCED BY APPROXIMATELY 19.63% OF THE PROCEEDS OF THE BOND ISSUE, AND OVER THE TERM OF THE BONDS. AS THESE NON-STUDENT LEASES ARE TERMINATED, THE UNIVERSITY EXPECTS THAT THE UNRELATED USE WILL DROP TO 0% AND REPRESENT A VERY SMALL PORTION OF THE USE OF THE BUILDING. TOTAL PRIVATE BUSINESS USE SCHEDULE K, PART III, LINE 6 THIS PERCENTAGE REPRESENTS USE OF ONLY ONE BUILDING FINANCED WITH APPROXIMATELY 19.63% OF THE BOND PROCEEDS. THE USE AS MEASURED OVER THE ENTIRE BOND ISSUE IS LESS THAN 1% OF THE BOND PROCEEDS FOR THE ANNUAL PERIOD COVERED BY SCHEDULE K. PRACTICES AND PROCEDURES FOR TAX EXEMPT BOND LIABILITIES SCHEDULE K, PART III, LINE 7 ALTHOUGH WILKES HAS ADOPTED MANAGEMENT PRACTICES AND PROCEDURES TO ENSURE THE POST ISSUANCE COMPLIANCE OF ITS TAX EXEMPT BOND LIABILITIES, THESE PRACTICES AND PROCEDURES WERE NOT IN WRITING AT THE END OF WILKES' TAX YEAR. DENISE CESARE SEE SCHEDULE L, PART V 1018321 HEALTH INSURANCE PLAN false MATTHEW SORDONI SEE SCHEDULE L, PART V 317683 CONSTRUCTION SERVICES false GOVERNING DOCUMENTS FORM 990, PART IV, LINE 28C AND SCHEDULE L, PART IV DENISE CESARE, A MEMBER OF THE UNIVERSITY'S BOARD OF TRUSTEES, IS THE PRESIDENT AND CEO OF BLUE CROSS OF NEPA. MATTHEW SORDONI, A MEMBER OF THE UNIVERSITY'S BOARD OF TRUSTEE, HAS A FAMILY RELATIONSHIP WITH THE OWNER OF SORDONI CONSTRUCTION SERVICES, INC. ALL CONTRACTS IN THE ABOVE RELATIONSHIPS ARE CONTRACTED AT ARM'S LENGTH THROUGH THE UNIVERSITY'S PROCUREMENT PROCESS WHICH INCLUDES A COMPETITIVE BID PROCESS AND THE PERSONS DISCLOSED ARE NOT PART OF THE DECISION MAKING PROCESS. X 5713 FAIR MARKET VALUE X ENGINEERING EQUIPMENT / COMPONENTS 2 323200 FAIR MARKET VALUE X OTHER 1 280 FAIR MARKET VALUE 0 false true false STATEMENT OF PROGRAM SERVICE ACCOMPLISHMENTS Part III ACADEMIC SUPPORT INCLUDES FUNDS EXPENDED TO PROVIDE SUPPORT SERVICES FOR THE INSTITUTION'S PRIMARY MISSION OF INSTRUCTION, RESEARCH, AND PUBLIC SERVICE. THE ACADEMIC ADMINISTRATION OF THE UNIVERSITY INCLUDING ACADEMIC DEANS BUT NOT DEPARTMENT CHAIRS THAT ARE CHARGED TO THEIR PRIMARY FUNCTION CATEGORY ARE FOUND IN THIS PROGRAM. ALL SALARIES, BENEFITS, AND OTHER EXPENSES FOR THE LIBRARY ARE ALSO CONSIDERED ACADEMIC SUPPORT. RESEARCH INCLUDES ALL EXPENDITURES FOR ACTIVITIES SPECIFICALLY ORGANIZED TO PRODUCE RESEARCH, WHETHER COMMISSIONED BY AN AGENCY EXTERNAL TO THE INSTITUTION OR SEPARATELY BUDGETED WITHIN THE UNIVERSITY. CHARGED TO THIS PROGRAM ARE EXPENDITURES RELATED TO THE INSTITUTE FOR PUBLIC POLICY AND ECONOMIC DEVELOPMENT, A PARTNERSHIP AMONG SEVERAL LOCAL COLLEGES WITH THE FUNCTION OF PRODUCING RESEARCH TO ASSIST COMMUNITY LEADERS IN MAKING INFORMED DECISIONS. IN ADDITION TO THIS, THE EXPENSES OF SEVERAL RESEARCH GRANTS ARE RECORDED TO THE RESEARCH CLASSIFICATION. PUBLIC SERVICE INCLUDES FUNDS EXPENDED FOR ACTIVITIES ESTABLISHED PRIMARILY TO PROVIDE NON-INSTRUCTIONAL SERVICES BENEFICIAL TO INDIVIDUALS AND GROUPS EXTERNAL TO THE UNIVERSITY. THE EXPENSES OF THE SMALL BUSINESS DEVELOPMENT CENTER, RADIO AND TELEVISION STUDIOS, SEVERAL COMMUNITY LECTURE SERIES, AND ART GALLERY ARE AMONG THOSE POSTED TO THIS PROGRAM. 990 REVIEW PROCESS PART VI, LINE 11 WILKES UNIVERSITY HAS ESTABLISHED A REVIEW PROCESS FOR THE FORM 990. THE INFORMATION IS MADE AVAILABLE TO THE ORGANIZATION'S OFFICERS, TRUSTEES, AND HIGHLY COMPENSATED INDIVIDUALS PRIOR TO THE FILING WITH THE IRS. MONITORING AND ENFORCEMENT OF THE CONFLICT OF INTEREST POLICY PART VI, LINE 12C WILKES UNIVERSITY'S CONFLICT OF INTEREST POLICY COVERS ALL BOARD MEMBERS AND ANY INDIVIDUAL THAT HAS BUDGETARY / FINANCIAL RESPONSIBILITIES WITHIN THE UNIVERSITY. ANY CONFLICTS OF INTERESTS CONCERNING BOARD MEMBERS ARE FORWARDED TO THE AUDIT COMMITTEE FOR REVIEW AND APPROVAL. ALL CONFLICT OF INTEREST STATEMENTS ARE REVIEWED UPON SUBMISSION AND FORWARDED TO THE AUDIT COMMITTEE AS APPROPRIATE. ANY UNIVERSITY ACTIVITIES THAT HAVE A POTENTIAL CONFLICT ARE USUALLY DETECTED BEFORE A CONTRACT IS EXECUTED. PROCESS FOR DETERMINING COMPENSATION PART VI, LINE 15A AND 15B THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES PERFORMS AN ANNUAL REVIEW AND APPROVAL OF TOP MANAGEMENT COMPENSATION AS WELL AS OFFICERS AND / OR KEY EMPLOYEES. BENCHMARK DATA FROM COLLEGE AND UNIVERSITY PROFESSIONAL ASSOCIATION FOR HUMAN RESOURCES (CUPA) IS USED FOR COMPARATIVE PURPOSES FOR EXECUTIVE POSITIONS. THE LAST BENCHMARKING COMPARISON WAS COMPLETED IN DECEMBER 2011. THE UNIVERSITY KEEPS WRITTEN DOCUMENTATION OF ITS DELIBERATION AND DECISION MAKING PROCESS. GOVERNING DOCUMENTS Part VI, Section C, Line 19 WILKES UNIVERSITY MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND AUDITED FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. OTHER CHANGES IN NET ASSETS FORM 990, PART XI, LINE 5 UNREALIZED GAIN....................................$(4,427,021) CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS....... $ (713,364) STUDENT LOANS DISBURSED $ 205,200 ============ TOTAL $(4,935,185) ============ WU REAL ESTATE LLC 170 S FRANKLIN STREET WILKESBARRE PA 18766 205799312 STUDNT RENTAL PA 64492 12335768 WILKES UNIV CRUT (3) ANNUITY Trust CRAT ANNUITY PA Trust false false false false false false false false false false false false false false false false false false SCHEDULE R, PART IV, LINE 1 LEGAL DOMICILE OF CRUTS TWO OF THE CRUTS ARE DOMICILED IN PENNSYLVANIA. ONE CRUT IS DOMICILED IN MARYLAND.