DREW UNIVERSITY: Form 990, tax year 2009
View the entire original 990 at ProPublica ↗
- Organization
- DREW UNIVERSITY (EIN 22-1487164)
- Tax period
- 2009-07-01 to 2010-06-30
- Filed
- 2011-05-16
- IRS object ID
- 201101369349307065
- Schema version
- 2009v1.7
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule C
- Schedule D
- Schedule E
- Schedule G
- Schedule I
- Schedule J
- Schedule K
- Schedule L
- Schedule M
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2011-05-16T18:13:45-04:00 | Timestamp |
| Tax Period End Date | 2010-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | KPMG LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 345 Park Avenue | AddressLine1 |
| City | New York | City |
| State | NY | State |
| ZIP Code | 101540102 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2009-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 221487164 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | DREW UNIVERSITY | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | DREW | NameControl |
| Phone | 9734083501 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 36 MADISON AVENUE | AddressLine1 |
| City | MADISON | City |
| State | NJ | State |
| ZIP Code | 07940 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | HOWARD BUXBAUM | Name |
| Title | VP FINANCE & BUSINESS AFFAIRS | Title |
| Phone | 9734083501 | Phone |
| Date Signed | 2011-05-03 | DateSigned |
| Authorize Third Party | true | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | KPMG LLP | Name |
| Phone | 2127589700 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2009 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | Robert Weisbuch President | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 36 Madison Avenue | AddressLine1 |
| City | Madison | City |
| State | NJ | State |
| ZIP Code | 07940 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 201556357 | GrossReceipts |
| Group Return For Affiliates | false | GroupReturnForAffiliates |
| Organization501c | X | Organization501c |
| Web Site | www.drew.edu | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1868 | YearFormation |
| State Legal Domicile | NJ | StateLegalDomicile |
| Activity Or Mission Description | THE UNIVERSITY OFFERS GRADUATE AND UNDERGRADUATE STUDIES AND IS COMPRISED OF THE COLLEGE OF LIBERAL ARTS, THE THEOLOGICAL SCHOOL, AND THE CASPERSEN SCHOOL OF GRADUATE STUDIES. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 41 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 37 | NbrIndependentVotingMembers |
| Total Nbr Employees | 1945 | TotalNbrEmployees |
| Total Nbr Volunteers | 0 | TotalNbrVolunteers |
| Total Gross UBI | 143004 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | -102120 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 8275021 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 14221033 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 83557088 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 92526029 | ProgramServiceRevenueCY |
| Investment Income Prior Year | -37333000 | InvestmentIncomePriorYear |
| Investment Income Current Year | 33060600 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 1016913 | OtherRevenuePriorYear |
| Other Revenue Current Year | 1486022 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 55516022 | TotalRevenuePriorYear |
| Total Revenue Current Year | 141293684 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 27839818 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 31575918 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 45181000 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 45575006 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 3592261 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 37419570 | OtherExpensePriorYear |
| Other Expenses Current Year | 38358860 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 110440388 | TotalExpensesPriorYear |
| Total Expenses Current Year | 115509784 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | -54924366 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 25783900 | RevenuesLessExpensesCY |
| Total Assets BOY | 331596000 | TotalAssetsBOY |
| Total Assets EOY | 350472000 | TotalAssetsEOY |
| Total Liabilities BOY | 102691000 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 106769000 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 228905000 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 243703000 | NetAssetsOrFundBalancesEOY |
| Mission Description | DREW UNIVERSITY'S PRIMARY EXEMPT PURPOSE IS EDUCATION. THE UNIVERSITY OFFERS GRADUATE AND UNDERGRADUATE STUDIES AND IS COMPRISED OF THE COLLEGE OF LIBERAL ARTS, THE THEOLOGICAL SCHOOL, AND THE CASPERSEN SCHOOL OF GRADUATE STUDIES. | MissionDescription |
| Significant New Program Services | false | SignificantNewProgramServices |
| Significant Change | false | SignificantChange |
| Expense | 55093482 | Expense |
| Grants | 26690966 | Grants |
| Revenue | 65563555 | Revenue |
| Description | The Drew University College of Liberal Arts affirms a commitment to its founding vision: to offer its students a liberal arts education of the highest quality. Through a rigorous course of study, the College challenges students to explore the arts, natural sciences, social sciences, humanities, and interdisciplinary fields in depth and to develop their capacities for critical though, problem solving, effective communication, creativity, self discipline and empathy. As the College prepares students for academic and professional achievement, it provides them with essential skills for living and continuing to learn and to grow in an increasingly diverse and complex world. | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 9869878 | Expense |
| Grants | 3827433 | Grants |
| Revenue | 5677731 | Revenue |
| Description | Drew Theological School - See Attachment 1 | Description |
Activity3 Activity3
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 4084490 | Expense |
| Grants | 1057520 | Grants |
| Revenue | 3571729 | Revenue |
| Description | The Caspersen School of Graduate Studies - See Attachment 1 | Description |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Other Program Service Exp | 30141473 | TotalOfOtherProgramServiceExp |
| Total Program Service Expense | 99189323 | TotalProgramServiceExpense |
| Described In501 C3 | true | DescribedIn501C3 |
| Schedule B Required | true | ScheduleBRequired |
| Political Activities | false | PoliticalActivities |
| Lobbying Activities | true | LobbyingActivities |
| Donor Advised Funds | false | DonorAdvisedFunds |
| Conservation Easements | false | ConservationEasements |
| Collections Of Art | false | CollectionsOfArt |
| Credit Counseling | false | CreditCounseling |
| Term Or Permanent Endowments | true | TermOrPermanentEndowments |
| Balance Sheet Amounts Reported | true | BalanceSheetAmountsReported |
| Independent Audit Financial Stmt | false | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | true | ConsolidatedAuditFinancialStmt |
| School | true | School |
| Foreign Office | false | ForeignOffice |
| Foreign Activities | false | ForeignActivities |
| More Than5000 K To Organizations | false | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividuals |
| Professional Fundraising | true | ProfessionalFundraising |
| Fundraising Activities | true | FundraisingActivities |
| Gaming | false | Gaming |
| Hospital | false | Hospital |
| Grants To Organizations | false | GrantsToOrganizations |
| Grants To Individuals | true | GrantsToIndividuals |
| Schedule J Required | true | ScheduleJRequired |
| Tax Exempt Bonds | true | TaxExemptBonds |
| Invest Tax Exempt Bonds | false | InvestTaxExemptBonds |
| Escrow Account | false | EscrowAccount |
| On Behalf Of Issuer | false | OnBehalfOfIssuer |
| Excess Benefit Transaction | false | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | false | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | false | LoanToOfficerOrDQP |
| Grant To Related Person | false | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | true | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | true | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | true | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | true | DeductibleNonCashContributions |
| Deductible Contributions Of Art | false | DeductibleContributionsOfArt |
| Terminated | false | Terminated |
| Partial Liquidation | false | PartialLiquidation |
| Disregarded Entity | false | DisregardedEntity |
| Related Entity | true | RelatedEntity |
| Related Org Controlled Entity | false | RelatedOrgControlledEntity |
| Transfers To Exempt Non Chrtbl Org | false | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | false | ActivitiesConductedPartnership |
| Schedule O Required | true | ScheduleORequired |
| Number Forms Transmitted With1096 | 1889 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | true | ComplianceWithBackupWitholding |
| Number Of Employees | 1945 | NumberOfEmployees |
| Employment Tax Returns Filed | true | EmploymentTaxReturnsFiled |
| Unrelated Business Income | true | UnrelatedBusinessIncome |
| Form990-T Filed | true | Form990-TFiled |
| Foreign Financial Account | true | ForeignFinancialAccount |
| Name Of Foreign Country | CJ | NameOfForeignCountry |
| Name Of Foreign Country | UK | NameOfForeignCountry |
| Name Of Foreign Country | ER | NameOfForeignCountry |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTrans |
| Taxable Party Notification | false | TaxablePartyNotification |
| Non Deductible Contributions | false | NonDeductibleContributions |
| Quid Pro Quo Contributions | true | QuidProQuoContributions |
| Quid Pro Quo Disclosure | true | QuidProQuoDisclosure |
| Form8282 Property Disposed Of | false | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | false | FundsToPayPremiums |
| Premiums Paid | false | PremiumsPaid |
| Nbr Voting Governing Body Members | 41 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 37 | NumberIndependentVotingMembers |
| Family Or Business Relationship | true | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | false | DelegationOfManagementDuties |
| Changes To Organizing Docs | true | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuse |
| Members Or Stockholders | false | MembersOrStockholders |
| Election Of Board Members | false | ElectionOfBoardMembers |
| Decisions Subject To Approval | false | DecisionsSubjectToApproval |
| Minutes Of Governing Body | true | MinutesOfGoverningBody |
| Minutes Of Committees | true | MinutesOfCommittees |
| Officer Mailing Address | false | OfficerMailingAddress |
| Local Chapters | false | LocalChapters |
| Form990 Provided To Governing Body | false | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | true | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | true | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | true | RegularMonitoringEnforcement |
| Whistleblower Policy | true | WhistleblowerPolicy |
| Document Retention Policy | true | DocumentRetentionPolicy |
| Compensation Process CEO | true | CompensationProcessCEO |
| Compensation Process Other | true | CompensationProcessOther |
| Investment In Joint Venture | false | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | NJ | StatesWhereCopyOfReturnIsFiled |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | HOWARD BUXBAUM | NamePerson |
| Telephone Number | 9734083501 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 36 MADISON AVENUE | AddressLine1 |
| City | MADISON | City |
| State | NJ | State |
| ZIP Code | 07940 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (88 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | OfficerOfficer | Highest Compensated EmployeeHighestCompensatedEmployee |
|---|---|---|---|---|---|---|---|
| Joseph Beneducci Jr | |||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | ||
| Marilyn Callander | |||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | ||
| Judith E Campbell | |||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | ||
| William E Clark | |||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | ||
| C Rory Corrigan | |||||||
| CHAIR | 1.0 | X | 0 | 0 | 0 | ||
| John H Crawford | |||||||
| Chairman | 1.0 | X | 0 | 0 | 0 | ||
| Dean T Criares | |||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | ||
| Hugh A D'Andrade | |||||||
| Secretary | 1.0 | X | 0 | 0 | 0 | ||
| Sudarshana Devadhar | |||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | ||
| Derek M Di Risio | |||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | ||
| Donald L Drakeman | |||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | ||
| D Stuart Dunnan | |||||||
| Trustee Through May 2010 | 1.0 | X | 0 | 0 | 0 | ||
| Louis Eccleston | |||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | ||
| Robert Edgar | |||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | ||
| John A Ehinger | |||||||
| Trustee | 1.0 | X | 0 | 0 | 0 | ||
| Gayle E Fitzpatrick | |||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | ||
| William M Freeman | |||||||
| Vice Chairman | 1.0 | X | 0 | 0 | 0 | ||
| Fredrick Fuest | |||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | ||
| Jordan M Glatt | |||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | ||
| Gates H Hawn | |||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | ||
| William R Huff | |||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | ||
| Peggy A Johnson | |||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | ||
| William T Knox | |||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | ||
| William W Landis III | |||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | ||
| Kevin H Marino | |||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | ||
| Elizabeth H Marsh | |||||||
| Trustee Emeriti effective 5/10 | 1.0 | X | 0 | 0 | 0 | ||
| Champ Meyercord | |||||||
| Trustee Emeriti effective 5/10 | 1.0 | X | 0 | 0 | 0 | ||
| Frank Carnabuci | |||||||
| Trustee Effective May 2010 | 1.0 | X | 0 | 0 | 0 | ||
| Betsy S Michel | |||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | ||
| Christopher A Mickel | |||||||
| Trustee Through May 2010 | 1.0 | X | 0 | 0 | 0 | ||
| Pamela J Moed | |||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | ||
| Jeffrey B Noss | |||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | ||
| Randolph W Nugent | |||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | ||
| Laura Overdeck | |||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | ||
| Jeremiah J Park | |||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | ||
| Suzanne Mertz Spero | |||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | ||
| Gary S Stein | |||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | ||
| Charles H Straut | |||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | ||
| Mary A Stringfield | |||||||
| Trustee Emeriti effective 5/10 | 1.0 | X | 0 | 0 | 0 | ||
| Marvin J Suomi | |||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | ||
| Steven A Tasher | |||||||
| Trustee | 1.0 | X | 0 | 0 | 0 | ||
| Jennifer Velez | |||||||
| Trustee | 1.0 | X | 0 | 0 | 0 | ||
| Robert Weisbuch | |||||||
| President | 1.0 | X | 0 | 0 | 0 | ||
| Lewis D Andrews Jr | |||||||
| TRUSTEE Emeriti | 1.0 | X | 0 | 0 | 0 | ||
| C W Carson Jr | |||||||
| TRUSTEE Emeriti | 1.0 | X | 0 | 0 | 0 | ||
| Barbara Morris Caspersen | |||||||
| TRUSTEE Emeriti | 1.0 | X | 0 | 0 | 0 | ||
| Raymond G Chambers | |||||||
| TRUSTEE Emeriti | 1.0 | X | 0 | 0 | 0 | ||
| John H Evans | |||||||
| TRUSTEE Emeriti | 1.0 | X | 0 | 0 | 0 | ||
| Robert B Goodwin | |||||||
| TRUSTEE Emeriti | 1.0 | X | 0 | 0 | 0 | ||
| Philip H Haselton Sr | |||||||
| TRUSTEE Emeriti | 1.0 | X | 0 | 0 | 0 | ||
| Barbara T Howell | |||||||
| TRUSTEE Emeriti | 1.0 | X | 0 | 0 | 0 | ||
| Ernest S Lyght | |||||||
| TRUSTEE Emeriti | 1.0 | X | 0 | 0 | 0 | ||
| Heath B McLendon | |||||||
| TRUSTEE Emeriti | 1.0 | X | 0 | 0 | 0 | ||
| Eugene I Meyers | |||||||
| TRUSTEE Emeriti | 1.0 | X | 0 | 0 | 0 | ||
| Henry G Parker III | |||||||
| TRUSTEE Emeriti | 1.0 | X | 0 | 0 | 0 | ||
| Nancy W Priest | |||||||
| TRUSTEE Emeriti | 1.0 | X | 0 | 0 | 0 | ||
| Donald E Procknow | |||||||
| TRUSTEE Emeriti | 1.0 | X | 0 | 0 | 0 | ||
| B P Russell | |||||||
| TRUSTEE Emeriti | 1.0 | X | 0 | 0 | 0 | ||
| Nancy S Schaenen | |||||||
| TRUSTEE Emeriti | 1.0 | X | 0 | 0 | 0 | ||
| Robert D Simpson | |||||||
| TRUSTEE Emeriti | 1.0 | X | 0 | 0 | 0 | ||
| Shirley Sugerman | |||||||
| Trustee Emeriti | 1.0 | X | 0 | 0 | 0 | ||
| Ross E Traphagen | |||||||
| Trustee Emeriti | 1.0 | X | 0 | 0 | 0 | ||
| Edward J Wynne Jr | |||||||
| Trustee Emeriti | 1.0 | X | 0 | 0 | 0 | ||
| Jeanne T Zenker | |||||||
| Trustee Emeriti | 1.0 | X | 0 | 0 | 0 | ||
| Michele Fabrizio | |||||||
| Trustee Effective May 2010 | 1.0 | X | 0 | 0 | 0 | ||
| Hwain Lee | |||||||
| Trustee Effective May 2010 | 1.0 | X | 0 | 0 | 0 | ||
| Emilia diMayorca Fabricant | |||||||
| Trustee Effective May 2010 | 1.0 | X | 0 | 0 | 0 | ||
| ROBERT WEISBUCH | |||||||
| PRESIDENT | 35.0 | 352736 | 0 | 115216 | X | ||
| PAMELA GUNTER SMITH | |||||||
| PROVOST | 35.0 | 186835 | 0 | 84208 | X | ||
| HOWARD BUXBAUM | |||||||
| VP FINANCE | 35.0 | 196956 | 0 | 36192 | X | ||
| MARGARET HOWARD | |||||||
| VP ADMINISTRATION | 35.0 | 222191 | 0 | 20225 | X | ||
| RONALD ROSS | |||||||
| DEAN of CONTINUING EDUCATION | 35.0 | 158856 | 0 | 26973 | X | ||
| JONATHAN LEVIN | |||||||
| DEAN COLLEGE OF LIBERAL ARTS | 35.0 | 151784 | 0 | 80492 | X | ||
| MAXINE BEACH | |||||||
| DEAN THEOLOGICAL SCHOOL | 35.0 | 194999 | 0 | 28742 | X | ||
| MARY BETH CAREY | |||||||
| DEAN OF ADMISSION THROUGH 7/09 | 35.0 | 130625 | 0 | 13133 | X | ||
| ANDREW SCRIMGEOUR | |||||||
| DEAN LIBRARIES | 35.0 | 123973 | 0 | 27512 | X | ||
| DAVID MUHA | |||||||
| CHIEF COMMUNICATIONS OFFICER | 35.0 | 113490 | 0 | 16411 | X | ||
| CARLOS YORDAN | |||||||
| SPECIAL ASSISTANT TO THE PRES | 35.0 | 76046 | 0 | 6132 | X | ||
| VIRGINIA SAMUEL CETUK | |||||||
| INTERIM DEAN OF STUDENTS | 35.0 | 120852 | 0 | 8442 | X | ||
| Richard GREENWALD | |||||||
| DEAN GRADUATE SCHOOL | 35.0 | 119325 | 0 | 10350 | X | ||
| Alyssa McCloud | |||||||
| Dean of Admi. effective 11/09 | 35.0 | 39594 | 0 | 2533 | X | ||
| Kenneth Alexo | |||||||
| Interim VP of Dev. 2/09 - 8/09 | 35.0 | 122023 | 0 | 26282 | X | ||
| Christopher Biehn | |||||||
| VP of Dev effective 9/09 | 35.0 | 88391 | 0 | 10656 | X | ||
| Paolo Cucchi | |||||||
| Professor and Dir of Program | 35.0 | 158494 | 0 | 35881 | X | ||
| Christophr Van Wyk | |||||||
| Associate VP Finance | 35.0 | 157209 | 0 | 38805 | X | ||
| Joseph Kelly | |||||||
| Assoc VP Finance/Treasurer | 35.0 | 156509 | 0 | 35901 | X | ||
| Christine Kinealy | |||||||
| Professor of Arts and Letters | 35.0 | 142638 | 0 | 22074 | X | ||
| Alan Candiotti | |||||||
| Asst VP Technology/Professor | 35.0 | 144207 | 0 | 21516 | X | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 3157733 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 667676 | TotalOtherCompensation |
| Number Individuals GT100 K | 70 | NumberIndividualsGT100K |
| Formers Listed | false | FormersListed |
| Total Comp GT150 K | true | TotalCompGT150K |
| Compensation From Other Sources | false | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (5 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| Haverstick-Borthwick | |||||
| 300 Stenton Avenue | PLYMOUTH MEETING | PA | 19462 | Construction | 3391726 |
| Sodexo Operations | |||||
| 9801 Washington Blvd | GAITHERSBURG | MD | 20878 | Contractor | 2818168 |
| Leegis Group | |||||
| 2333 US Highway | UNION | NJ | 07083 | Construction | 1884329 |
| Aramark Facility Services | |||||
| 135 New Road | MADISON | CT | 06443 | Contractor | 751562 |
| JRD Construction Inc | |||||
| 34 Tice Rd Ste 2 | FARMINGDALE | NJ | 07727 | Construction | 508983 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 24 | NumberOfContractorsGT100K |
| Fundraising Events | 58033 | FundraisingEvents |
| Government Grants | 1988000 | GovernmentGrants |
| All Other Contributions | 12175000 | AllOtherContributions |
| Noncash Contributions | 754444 | NoncashContributions |
| Total Contributions | 14221033 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (3 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome | Unrelated Business RevenueUnrelatedBusinessRevenue |
|---|---|---|---|---|
| TUITION & FEES | 900099 | 74813015 | 74813015 | |
| AUXILIARY INCOME | 531110 | 17679189 | 17589785 | 89404 |
| SUMMER APPLICATION & LAB FEES | 900099 | 33825 | 33825 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 92526029 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 14329600 | TotalRevenueColumn |
| Unrelated Business Revenue | 53600 | UnrelatedBusinessRevenue |
| Exclusion | $14,276,000 | ExclusionAmount |
Income From Invest Bond Proceeds IncomeFromInvestBondProceeds
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Royalties Revenue RoyaltiesRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 78815600 | Securities |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 60084600 | Securities |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 18731000 | Securities |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 18731000 | TotalRevenueColumn |
| Exclusion | $18,731,000 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Income Fundraising Events | 77641 | GrossIncomeFundraisingEvents |
| Cntrbtns Rprtd Fundraising Events | 58033 | CntrbtnsRprtdFundraisingEvents |
| Fundraising Direct Expenses | 178073 | FundraisingDirectExpenses |
Net Income From Fundraising Events NetIncomeFromFundraisingEvents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -100432 | TotalRevenueColumn |
| Exclusion | -$100,432 | ExclusionAmount |
Net Income From Gaming NetIncomeFromGaming
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Net Income Or Loss NetIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Other Revenue Misc OtherRevenueMisc (3 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | ExclusionExclusionAmount |
|---|---|---|---|
| VEHICLE REGISTRATION FEES | 900099 | 147002 | $147,002 |
| SHAKESPEARE INCOME | 900099 | 116020 | $116,020 |
| METHODIST REVENUE | 900099 | 155354 | $155,354 |
Miscellaneous Revenue MiscellaneousRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 1168078 | TotalRevenueColumn |
| Exclusion | $1,168,078 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 1586454 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 141293684 | TotalRevenueColumn |
| Related Or Exempt Function Income | 92436625 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 143004 | UnrelatedBusinessRevenue |
| Exclusion | $34,493,022 | ExclusionAmount |
Grants To Domestic Orgs GrantsToDomesticOrgs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 31575918 | Total |
| Program Services | 31575918 | ProgramServices |
Foreign Grants ForeignGrants
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Benefits To Members BenefitsToMembers
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2354165 | Total |
| Program Services | 878092 | ProgramServices |
| Management And General | 1139219 | ManagementAndGeneral |
| Fundraising | 336854 | Fundraising |
Comp Disqual Persons CompDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 63111 | Total |
| Management And General | 63111 | ManagementAndGeneral |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 33871236 | Total |
| Program Services | 27388507 | ProgramServices |
| Management And General | 4808049 | ManagementAndGeneral |
| Fundraising | 1674680 | Fundraising |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2320256 | Total |
| Program Services | 1851655 | ProgramServices |
| Management And General | 338651 | ManagementAndGeneral |
| Fundraising | 129950 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 4514201 | Total |
| Program Services | 3596035 | ProgramServices |
| Management And General | 665794 | ManagementAndGeneral |
| Fundraising | 252372 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2452037 | Total |
| Program Services | 1953305 | ProgramServices |
| Management And General | 361648 | ManagementAndGeneral |
| Fundraising | 137084 | Fundraising |
Fees For Services Management FeesForServicesManagement
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 271166 | Total |
| Program Services | 135 | ProgramServices |
| Management And General | 271031 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 224605 | Total |
| Management And General | 224605 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Fees For Services Lobbying FeesForServicesLobbying
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1214326 | Total |
| Program Services | 252341 | ProgramServices |
| Management And General | 850559 | ManagementAndGeneral |
| Fundraising | 111426 | Fundraising |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1706755 | Total |
| Program Services | 1515355 | ProgramServices |
| Management And General | 155229 | ManagementAndGeneral |
| Fundraising | 36171 | Fundraising |
Royalties Royalties
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 11082046 | Total |
| Program Services | 10012725 | ProgramServices |
| Management And General | 1037436 | ManagementAndGeneral |
| Fundraising | 31885 | Fundraising |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1194408 | Total |
| Program Services | 1076478 | ProgramServices |
| Management And General | 49989 | ManagementAndGeneral |
| Fundraising | 67941 | Fundraising |
Travel Entrtnmnt Public Officials TravelEntrtnmntPublicOfficials
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 875646 | Total |
| Program Services | 593355 | ProgramServices |
| Management And General | 60531 | ManagementAndGeneral |
| Fundraising | 221760 | Fundraising |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2850302 | Total |
| Program Services | 2850302 | ProgramServices |
| Management And General | 0 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Payments To Affiliates PaymentsToAffiliates
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
| Fundraising | 0 | Fundraising |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 7349760 | Total |
| Program Services | 6929640 | ProgramServices |
| Management And General | 356769 | ManagementAndGeneral |
| Fundraising | 63351 | Fundraising |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 606929 | Total |
| Program Services | 24521 | ProgramServices |
| Management And General | 582408 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Other Expenses OtherExpenses (5 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral | FundraisingFundraising |
|---|---|---|---|---|
| FOOD EXPENSE | 2890360 | 2887337 | 3023 | 0 |
| LIBRARY MATERIALS | 975215 | 975215 | 0 | 0 |
| POST RETIREMENT HEALTH BENEFIT | 936253 | 745824 | 138087 | 52342 |
| SUPPLIES | 946965 | 810249 | 85165 | 51551 |
| MISCELLANEOUS | 2097751 | 1359086 | 580493 | 158172 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3136373 | Total |
| Program Services | 1913248 | ProgramServices |
| Management And General | 956403 | ManagementAndGeneral |
| Fundraising | 266722 | Fundraising |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 115509784 | Total |
| Program Services | 99189323 | ProgramServices |
| Management And General | 12728200 | ManagementAndGeneral |
| Fundraising | 3592261 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5252000 | BOY |
| EOY | 1021000 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4354000 | BOY |
| EOY | 6337000 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3563000 | BOY |
| EOY | 7551000 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3617000 | BOY |
| EOY | 2668000 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3778000 | BOY |
| EOY | 4037000 | EOY |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 354000 | BOY |
| EOY | 345000 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1678000 | BOY |
| EOY | 1714000 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 245092000 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 98433000 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 145264000 | BOY |
| EOY | 146659000 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 108970000 | BOY |
| EOY | 95653000 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 54201000 | BOY |
| EOY | 83767000 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 565000 | BOY |
| EOY | 720000 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 331596000 | BOY |
| EOY | 350472000 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 6784000 | BOY |
| EOY | 6065000 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 6660000 | BOY |
| EOY | 7217000 | EOY |
Tax Exempt Bond Liabilities TaxExemptBondLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 66934000 | BOY |
| EOY | 68397000 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 22313000 | BOY |
| EOY | 25090000 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 102691000 | BOY |
| EOY | 106769000 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 75156000 | BOY |
| EOY | 75957000 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 74305000 | BOY |
| EOY | 85301000 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 79444000 | BOY |
| EOY | 82445000 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 228905000 | BOY |
| EOY | 243703000 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 331596000 | BOY |
| EOY | 350472000 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | false | AccountantCompileOrReview |
| FS Audited | true | FSAudited |
| Audit Committee | true | AuditCommittee |
| Financial Statement Consolidated | X | FinancialStatementConsolidated |
| Federal Grant Audit Required | true | FederalGrantAuditRequired |
| Federal Grant Audit Performed | true | FederalGrantAuditPerformed |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School170b1 Aii | X | School170b1Aii |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule C IRS990ScheduleC
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grassroots Lobbying | TotalGrassrootsLobbying | |
| Total Direct Lobbying | TotalDirectLobbying | |
| Total Lobbying Expenditures | TotalLobbyingExpenditures | |
| Other Exempt Purpose Expenditures | OtherExemptPurposeExpenditures | |
| Total Exempt Purpose Expenditures | TotalExemptPurposeExpenditures | |
| Lobbying Nontaxable | LobbyingNontaxableAmount | |
| Grassroots Nontaxable | GrassrootsNontaxableAmount | |
| Tot Lobbying Grassroot Minus Non Tx | TotLobbyingGrassrootMinusNonTx | |
| Tot Lobby Expend Mns Lobbying Nontx | TotLobbyExpendMnsLobbyingNontx | |
| Volunteers | false | Volunteers |
| Paid Staff Or Management | false | PaidStaffOrManagement |
| Media Advertisements | false | MediaAdvertisements |
| Mailings Members | false | MailingsMembers |
| Publications Or Broadcast | false | PublicationsOrBroadcast |
| Grants Other Organizations | false | GrantsOtherOrganizations |
| Direct Contact Legislators | false | DirectContactLegislators |
| Rallies Demonstrations | false | RalliesDemonstrations |
| Other Activities | true | OtherActivities |
| Other Activities | $161,776 | OtherActivitiesAmount |
| Total Lobbying Expenditures IIB | 161776 | TotalLobbyingExpendituresIIB |
| Not Described In501c3 | false | NotDescribedIn501c3 |
Form990 Schedule C Part IV Form990ScheduleCPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Schedule C Part II-B line 1i | Identifier |
| Explanation | Winning strategies Washington works on behalf of Drew University to advocate and advance funding and policy fixes from their inception to conclusion through the legislative, appropriations and regulatory processes. Specifically, we have a strong understanding of what strategies work best in gaining the interest and support of Members of Congress, especially with regard to working effectively with Members of the New Jersey delegation. In addition, AICUNJ and NAICU are consortium groups, of which Drew is a member institution, that work together to make an impact on their common ideas/goals, especially with government agencies. Each year they lobby for an increase or at least a stabilization of government funds for student aid, of which we are very interested. Our goal is to get as much funding as possible. | Explanation |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Art Public Exhibition Amts | ArtPublicExhibitionAmts | |
| Held Works Of Art Amts | HeldWorksOfArtAmts |
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 160633000 | BeginningOfYearBalance |
| Contributions | 713000 | Contributions |
| Investment Earnings Or Losses | 21829000 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 13692000 | GrantsOrScholarships |
| End Of Year Balance | 169483000 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 221297000 | BeginningOfYearBalance |
| Contributions | 1967000 | Contributions |
| Investment Earnings Or Losses | -48518000 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 14113000 | GrantsOrScholarships |
| End Of Year Balance | 160633000 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated EOY Balance | 0.26109 | BoardDesignatedEOYBalance |
| Permanent Endowment EOY Balance | 0.39379 | PermanentEndowmentEOYBalance |
| Term Endowment EOY Balance | 0.34512 | TermEndowmentEOYBalance |
| Endowments Held By Unrelated Orgs | false | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | false | EndowmentsHeldByRelatedOrgs |
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 10725000 | OtherCostOrOtherBasis |
| Book Value | 10725000 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 202446000 | OtherCostOrOtherBasis |
| Depreciation | 85026335 | Depreciation |
| Book Value | 117419665 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Leasehold Improvements | LeaseholdImprovements |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 20362000 | OtherCostOrOtherBasis |
| Depreciation | 8551941 | Depreciation |
| Book Value | 11810059 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 11559000 | OtherCostOrOtherBasis |
| Depreciation | 4854724 | Depreciation |
| Book Value | 6704276 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 146659000 | TotalOfBookValueLandBuildings |
| Financial Derivatives | FinancialDerivatives | |
| Closely Held Equity Interests | CloselyHeldEquityInterests |
Other Securities OtherSecurities (4 entries)
| DescriptionDescription | Book ValueBookValue | Method Of ValuationMethodOfValuation |
|---|---|---|
| ALTERNATIVE INVESTMENTS | 61554000 | F |
| PARTIES | 13363000 | F |
| POOLED INCOME FUNDS | 5631000 | |
| BOND PROCEEDS HELD BY TRUSTEES | 3219000 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Securities | 83767000 | TotalOfBookValueSecurities |
| Federal Income Tax Liability | 0 | FederalIncomeTaxLiability |
Other Liabilities OtherLiabilities (6 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| STUDENT SECURITY DEPOSITS | $1,814,000 |
| ANNUITY LIABILITY | $1,436,000 |
| ASSET RETIREMENT OBLIGATIONS | $5,150,000 |
| POSTRETIREMENT BENEFITS | $12,979,000 |
| FEDERAL STUDENT LOAN FUNDS | $2,428,000 |
| OBLIGATIONS UNDER CAPITAL LEAS | $1,283,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 25090000 | TotalOfAmounts |
| Total Revenue | 141293684 | TotalRevenue |
| Total Expenses | 115509784 | TotalExpenses |
| Excess Or Deficit For Year | 25783900 | ExcessOrDeficitForYear |
| Net Unrealized GL On Investments | -10805000 | NetUnrealizedGLOnInvestments |
| Other | -$180,865 | OtherAmount |
| Total Adjustments | -10985865 | TotalAdjustments |
| Excess Or Deficit Per FS | 14798035 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 99191000 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | -10805000 | NetUnrealizedGainsInvestments |
| Other Revenues | 168098 | OtherRevenues |
| Revenue Not Rptd F990 | -10636902 | RevenueNotRptdF990 |
| Revenue Subtotal | 109827902 | RevenueSubtotal |
| Other Revenues Not Included | 31465782 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | 31465782 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 141293684 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 84487999 | TotExpensesEtcAuditedFinclStmt |
| Other Expenses Included | 554133 | OtherExpensesIncluded |
| Expenses Not Rptd F990 | 554133 | ExpensesNotRptdF990 |
| Expenses Subtotal | 83933866 | ExpensesSubtotal |
| Other Expenses Not Included | 31575918 | OtherExpensesNotIncluded |
| Expenses Not Rptd On Fin Stmt | 31575918 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 115509784 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (7 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| Schedule D, PART XII, Line 2d | Revenue on books but not on return | Income from related entities 459,098 Gain on change in fair value of trust, pooled income funds & gift annuities & related distributions 1,431,000 Effect of the adoption of FAS 158 (1,722,000) --------------- Total 168,098 =============== |
| Schedule D, Part XII, Line 4b | Revenue on Form 990, but not on Financial Statements | Scholarships and financial aid 31,575,918 Special Event Direct Expenses (178,073) Income from Partnership 53,600 Other 14,337 ------------- Total 31,465,782 ============= |
| Schedule D, Part XIII, Line 2d | Expenses on books but not on return | Expenses from related entities 554,133 |
| Schedule D, Part XIII, Line 4b | Expenses on Form 990, but not on Financial Statements | Scholarships and financial aid 31,575,918 |
| Schedule D, PART XI, Line 8 | Reconciliation of Net assets | Effect of Adoption of FAS 158 (1,722,000) Gain on change in fair value of trust, Pooled Income Funds & gift annuities and related distributions 1,431,000 Sp Event Direct Expenses 178,073 Income from Partnership (53,600) Other (14,338) -------------- Total (180,865) ============== |
| Schedule D, Part X | FIN 48 | Drew University and it wholly owned subsidiary, UHP, are exempt from Federal income taxes under Section 501(c)(3) of the internal Revenue Code. CBCA is exempt under the New Jersey Nonprofit Corporation Act, Title 15A of the New Jersey Status Annotated. Accordingly, no provision for income taxes has been reflected in the accompanying consolidated financial statements. In September 2009, the FASB issued Accounting Standards Update (ASU) 2009-6, Implementation Guidance on Accounting for Uncertainty in Income Taxes and Disclosure Amendments of Nonpublic Entities (ASU 2009-6). ASU 2009-6 modifies the guidance on uncertain tax positions in FASB Accounting Standards Codification 740 (ASC 740), Income Taxes. ASC 740 addresses the accounting for uncertainties in income taxes recognized in an organization's financial statements and prescribes a threshold of more-likely-than-not for recognition and de-recognition of tax positions taken or expected to be taken in a tax return. ASU 2009-6 provides implementation guidance that is applicable for all entities and amends the disclosure requirements for nonpublic entities by elimination certain disclosures. There was no impact to the Companies' financial statements as a result of the adoption of ASU 2009-6 in fiscal year 2010. |
| Schedule D, PART V, Line 4 | Intended Uses of Endowment Funds | The intended use of Drew University endowment funds is principally to accomplish the following. Endowment funds are to be held in perpetuity and to provide for the generation of investment income through strategic investing as approved by the Board of Trustees Investment Committee. This investment income is used to provide support of the university's education mission statement as described on page two, part III of form 990, commensurate with the donor and board specific instructions on how the funds are to be used. |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | true | NondiscriminatoryPolicyStmt |
| Policy Statement In Brochures Etc | true | PolicyStatementInBrochuresEtc |
| Policy Publ Via Broadcast Media | true | PolicyPublViaBroadcastMedia |
| Pub Via Broadcast Media Expln | PUBLICIZE NON-DISCRIMINATORY POLICY THROUGH RECRUITING MATERIALS SENT STUDENTS. | PubViaBroadcastMediaExpln |
| Maint Racial Composition Records | true | MaintRacialCompositionRecords |
| Maint Scholarships Records | true | MaintScholarshipsRecords |
| Maint Copies Of Brochures Etc | true | MaintCopiesOfBrochuresEtc |
| Maint Copies Of All Solicitations | true | MaintCopiesOfAllSolicitations |
| Discriminate Race Students Rights | false | DiscriminateRaceStudentsRights |
| Discriminate Race Admiss Policies | false | DiscriminateRaceAdmissPolicies |
| Discriminate Race Emplmn Faculty | false | DiscriminateRaceEmplmnFaculty |
| Discriminate Race Scholarships | false | DiscriminateRaceScholarships |
| Discriminate Race Educ Policies | false | DiscriminateRaceEducPolicies |
| Discriminate Race Use Of Fclts | false | DiscriminateRaceUseOfFclts |
| Discriminate Race Athletic Prog | false | DiscriminateRaceAthleticProg |
| Discriminate Race Other Acty | false | DiscriminateRaceOtherActy |
| Government Financial Aid Received | true | GovernmentFinancialAidReceived |
| Government Financial Aid Revoked | false | GovernmentFinancialAidRevoked |
| Govt Financial Aid Explanation | FINANCIAL AID IS RECEIVED FROM THE US DEPARTMENT OF EDUCATION, AS WELL FROM THE STATE OF NEW JERSEY. | GovtFinancialAidExplanation |
Schedule G IRS990ScheduleG
Events Information EventsInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Event1 | Golf Event | NameOfEvent1 |
| Gross Receipts Event1 | 89830 | GrossReceiptsEvent1 |
| Charitable Contributions Event1 | 33630 | CharitableContributionsEvent1 |
| Gross Revenue Event1 | 56200 | GrossRevenueEvent1 |
| Cash Prizes Event1 | 0 | CashPrizesEvent1 |
| Non Cash Prizes Event1 | 0 | NonCashPrizesEvent1 |
| Rent Facility Costs Event1 | 0 | RentFacilityCostsEvent1 |
| Food And Beverage Event1 | 0 | FoodAndBeverageEvent1 |
| Entertainment Event1 | 0 | EntertainmentEvent1 |
| Other Direct Expenses Event1 | 65706 | OtherDirectExpensesEvent1 |
| Name Of Event2 | Holocaust Cente | NameOfEvent2 |
| Gross Receipts Event2 | 23391 | GrossReceiptsEvent2 |
| Charitable Contributions Event2 | 1950 | CharitableContributionsEvent2 |
| Gross Revenue Event2 | 21441 | GrossRevenueEvent2 |
| Cash Prizes Event2 | 0 | CashPrizesEvent2 |
| Non Cash Prizes Event2 | 0 | NonCashPrizesEvent2 |
| Rent Facility Costs Event2 | 0 | RentFacilityCostsEvent2 |
| Food And Beverage Event2 | 0 | FoodAndBeverageEvent2 |
| Entertainment Event2 | 0 | EntertainmentEvent2 |
| Other Direct Expenses Event2 | 7286 | OtherDirectExpensesEvent2 |
| Total Number Of Other Events | 2 | TotalNumberOfOtherEvents |
| Gross Receipts Other Events | 22453 | GrossReceiptsOtherEvents |
| Charitable Contrib Other Events | 22453 | CharitableContribOtherEvents |
| Gross Revenue Other Events | 0 | GrossRevenueOtherEvents |
| Cash Prizes Other Events | 0 | CashPrizesOtherEvents |
| Non Cash Prizes Other Events | 0 | NonCashPrizesOtherEvents |
| Rent Facility Costs Other Events | 0 | RentFacilityCostsOtherEvents |
| Food And Beverage Other Events | 0 | FoodAndBeverageOtherEvents |
| Entertainment Other Events | 0 | EntertainmentOtherEvents |
| Other Direct Expenses Other Events | 105081 | OtherDirectExpensesOtherEvents |
| Gross Receipts Total | 135674 | GrossReceiptsTotal |
| Charitable Contributions Total | 58033 | CharitableContributionsTotal |
| Gross Revenue Total Events | 77641 | GrossRevenueTotalEvents |
| Cash Prizes Total Events | 0 | CashPrizesTotalEvents |
| Non Cash Prizes Total Events | 0 | NonCashPrizesTotalEvents |
| Rent Facility Costs Total Events | 0 | RentFacilityCostsTotalEvents |
| Food And Beverage Total Events | 0 | FoodAndBeverageTotalEvents |
| Entertainment Total Events | 0 | EntertainmentTotalEvents |
| Other Direct Expenses Total Events | 178073 | OtherDirectExpensesTotalEvents |
| Direct Expense Summary Events | 178073 | DirectExpenseSummaryEvents |
| Net Income Summary | -100432 | NetIncomeSummary |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | true | RecordsMaintained |
Form990 Schedule I Part III Form990ScheduleIPartIII (6 entries)
| Type Of GrantTypeOfGrant | Amount Of Cash GrantAmountOfCashGrant |
|---|---|
| SCHOLARSHIP & FINANCIAL AID | 27646508 |
| ENDOWED SCHOLARSHIPS | 3910792 |
| OUTSTANDING SCHOLARSHIP | 16618 |
| MICKEL SCHOLARSHIP | 1000 |
| GRAYBEAL SCHOLARSHIP | 1000 |
| VAN HOUTEN SCHOLARSHIP |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Schedule I Part IV, Line 2 | Identifier |
| Return Reference | Monitoring the use of grants | ReturnReference |
| Explanation | For the period July 1, 2009 through June 30, 2010, Drew University granteY funds to students in the form or scholarships, fellowships, student loans as well as other financial aid. Financial aid is granted to students based on eligibility guidelines as defined by the Federal Department of Education as well as the State of New Jersey. If a student is not eligible to receive federal or state based financial aid, the aid will not be applied to the student's account. In addition, Drew University grants funds to students in the form of institutional aid based on merit and need criteria. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Housing Allowance Or Residence | X | HousingAllowanceOrResidence |
| Club Dues Or Fees | X | ClubDuesOrFees |
| Written Policy Re T And E Expenses | true | WrittenPolicyReTAndEExpenses |
| Substantiation Required | true | SubstantiationRequired |
| Compensation Committee | X | CompensationCommittee |
| Severance Payment | false | SeverancePayment |
| Supplemental Nonqual Retire Plan | false | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | false | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | false | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | false | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | false | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | false | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | false | AnyNonFixedPayments |
| Initial Contract Exception | false | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII (13 entries)
| Base Compensation Filing OrgBaseCompensationFilingOrg | Comp Based On Related OrgsCompBasedOnRelatedOrgs | Bonus Filing OrgBonusFilingOrg | Bonus Related OrgsBonusRelatedOrgs | Other Compensation Filing OrgOtherCompensationFilingOrg | Other Compensation Related OrgsOtherCompensationRelatedOrgs | Deferred Comp Filing OrgDeferredCompFilingOrg | Deferred Comp Related OrgsDeferredCompRelatedOrgs | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs | Total Compensation Filing OrgTotalCompensationFilingOrg | Total Compensation Related OrgsTotalCompensationRelatedOrgs | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg | Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROBERT WEISBUCH | |||||||||||||
| 339467 | 0 | 0 | 0 | 13269 | 0 | 66500 | 0 | 51384 | 0 | 470620 | 0 | 0 | 0 |
| PAMELA GUNTER SMITH | |||||||||||||
| 186118 | 0 | 0 | 0 | 717 | 0 | 17100 | 0 | 67725 | 0 | 271660 | 0 | 0 | 0 |
| HOWARD BUXBAUM | |||||||||||||
| 196239 | 0 | 0 | 0 | 717 | 0 | 16650 | 0 | 20151 | 0 | 233757 | 0 | 0 | 0 |
| MARGARET HOWARD | |||||||||||||
| 206560 | 0 | 0 | 0 | 15631 | 0 | 18725 | 0 | 2146 | 0 | 243062 | 0 | 0 | 0 |
| RONALD ROSS | |||||||||||||
| 158139 | 0 | 0 | 0 | 717 | 0 | 14647 | 0 | 12900 | 0 | 186403 | 0 | 0 | 0 |
| JONATHAN LEVIN | |||||||||||||
| 151739 | 0 | 0 | 0 | 45 | 0 | 14850 | 0 | 71088 | 0 | 237722 | 0 | 0 | 0 |
| MAXINE BEACH | |||||||||||||
| 193419 | 0 | 0 | 0 | 1580 | 0 | 17706 | 0 | 11664 | 0 | 224369 | 0 | 0 | 0 |
| ANDREW SCRIMGEOUR | |||||||||||||
| 123973 | 0 | 0 | 0 | 0 | 0 | 11588 | 0 | 16129 | 0 | 151690 | 0 | 0 | 0 |
| Paolo Cucchi | |||||||||||||
| 156914 | 0 | 0 | 0 | 1580 | 0 | 12960 | 0 | 23403 | 0 | 194857 | 0 | 0 | 0 |
| Christophr Van Wyk | |||||||||||||
| 156972 | 0 | 0 | 0 | 237 | 0 | 14744 | 0 | 24637 | 0 | 196590 | 0 | 0 | 0 |
| Joseph Kelly | |||||||||||||
| 156272 | 0 | 0 | 0 | 237 | 0 | 14744 | 0 | 21733 | 0 | 192986 | 0 | 0 | 0 |
| Christine Kinealy | |||||||||||||
| 142420 | 0 | 0 | 0 | 218 | 0 | 10348 | 0 | 12199 | 0 | 165185 | 0 | 0 | 0 |
| Alan Candiotti | |||||||||||||
| 142938 | 0 | 0 | 0 | 1269 | 0 | 13163 | 0 | 8901 | 0 | 166271 | 0 | 0 | 0 |
Form990 Schedule J Part III Form990ScheduleJPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Form 990, SCH J | Identifier |
| Return Reference | University Housing and Automobile Allowances | ReturnReference |
| Explanation | Housing Allowance As part of the following employees Condition of Employment, where the duties and responsibilities of these employees require their services on a twenty four hour basis throughout the year. The University provides campus housing to them to accomplish their required and continuous duties and responsibilities on campus. The following employees are provided campus housing as a condition of their employment and therefore not included in taxable income: Pamela Gunter-Smith Jonathan Levin The following employees are provided campus housing but is not a condition of their employment therefore it is included in taxable income: Mary Beth Carey Alyssa McCloud Christopher Biehn Automobile Allowance The automobile allowance for the following employees is part of their compensation agreement and is reflected in as part of taxable income and included as taxable income on their form W-2, box 1,3 and 5: Robert Weisbuch Margaret Howard Mary Beth Carey Alyssa McCloud Golf Membership Fees Drew University paid golf membership fees on behalf of Robert Weisbuch, President in the amount of $2,361.50. Such amount was inadvertently excluded from ROBERT WEISBUCH' 2009 W-2. A system has been put into place to insure proper treatment for next year. | Explanation |
Schedule K IRS990ScheduleK
Form990 Schedule K Part I Form990ScheduleKPartI (5 entries)
| Issuer EINIssuerEIN | CUSIP NumberCUSIPNumber | Date IssuedDateIssued | Issue PriceIssuePrice | Description Of PurposeDescriptionOfPurpose | DefeasedDefeased | On Behalf Of IssuerOnBehalfOfIssuer |
|---|---|---|---|---|---|---|
| NJ EDU FAC AUTH DREW 2003 SERIES C | ||||||
| 221829511 | 64605LDZ8 | 2003-05-29 | 22872229 | Capital Improvements | false | false |
| NJ EDU FAC AUTH DREW 2007 SERIES D | ||||||
| 221829511 | 646065CWO | 2007-04-12 | 30557236 | Advance refunding and new money | false | false |
| NJ EDU FAC AUTH DREW 2008 SERIES B | ||||||
| 221829511 | 646065CEO | 2008-04-04 | 11353764 | Current Refunding | false | false |
| NJ EDU FAC AUTH DREW 2008 SERIES I | ||||||
| 221829511 | 2008-06-26 | 12000000 | Capital Improvements | false | false | |
| NJEFA CAPITAL IMPROV BONDS 2006 SERIES A | ||||||
| 221829511 | 65605LZ43 | 2006-10-26 | 215447 | Advance Refunding | false | false |
Form990 Schedule K Part II Form990ScheduleKPartII (5 entries)
| Total ProceedsTotalProceeds | Amount In Reserve FundAmountInReserveFund | Amount DefeasedAmountDefeased | Amount UnspentAmountUnspent | Issuance Costs From ProceedsIssuanceCostsFromProceeds | Working Capital ExpendituresWorkingCapitalExpenditures | Capital ExpendituresCapitalExpenditures | Year Of Subst CompletionYearOfSubstCompletion | Current RefundingCurrentRefunding | Advance RefundingAdvanceRefunding | Final Allocation MadeFinalAllocationMade | Adequate Books And Recds MaintaindAdequateBooksAndRecdsMaintaind |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 23658009 | 469382 | 0 | 0 | 660981 | 77738 | 21180038 | 2006 | false | false | true | true |
| 29252014 | 0 | 0 | 891701 | 789514 | 0 | 27435648 | false | true | true | true | |
| 14298521 | 0 | 0 | 0 | 227730 | 0 | 0 | 1998 | true | false | true | true |
| 12000000 | 0 | 0 | 0 | 64085 | 0 | 11935915 | false | false | true | true | |
| 556936 | 0 | 2096375 | 0 | 3535878 | 0 | 0 | 2002 | false | true | true | true |
Form990 Schedule K Part III Form990ScheduleKPartIII (5 entries)
| Owning Bond Financed PropertyOwningBondFinancedProperty | Any Lease ArrangementsAnyLeaseArrangements | Mngment Cntrct Bond Financd PrprtyMngmentCntrctBondFinancdPrprty | Any Research AgreementsAnyResearchAgreements | Bond Counsel Routinely EngagedBondCounselRoutinelyEngaged | Prcntge Prvt Business Use By OthersPrcntgePrvtBusinessUseByOthers | Percentage Of Prvt Business Re UBIPercentageOfPrvtBusinessReUBI | Total Private Business UseTotalPrivateBusinessUse | Post Issuance Compliance ProcdrsPostIssuanceComplianceProcdrs |
|---|---|---|---|---|---|---|---|---|
| false | false | true | false | true | 0.00000 | 0.00000 | 0.00000 | true |
| false | false | true | false | true | 0.00000 | 0.00000 | 0.00000 | true |
| 0.00000 | 0.00000 | 0.00000 | ||||||
| false | false | true | false | true | 0.00000 | 0.00000 | 0.00000 | true |
| 0.00000 | 0.00000 | 0.00000 |
Form990 Schedule K Part IV Form990ScheduleKPartIV (5 entries)
| Form8038 T FiledForm8038TFiled | Variable Rate IssueVariableRateIssue | Hedge Identified In Books And RecdsHedgeIdentifiedInBooksAndRecds | Gross Proceeds Invested In GICGrossProceedsInvestedInGIC | Gross Proceeds InvestedGrossProceedsInvested | Exception To RebateExceptionToRebate |
|---|---|---|---|---|---|
| false | false | false | false | true | false |
| false | false | false | false | true | false |
| false | false | false | false | false | false |
| false | true | false | false | false | |
| false | false | false | false | false | false |
Schedule L IRS990ScheduleL
Form990 Schedule L Part IV Form990ScheduleLPartIV (4 entries)
| RelationshipRelationship | Amount Of TransactionAmountOfTransaction | Description Of TransactionDescriptionOfTransaction | Sharing Of RevenuesSharingOfRevenues |
|---|---|---|---|
| William Huff | |||
| Trustee | 150000 | Investment Fees - See SCH O | false |
| Jeffrey Noss | |||
| Trustee | 15956 | Investment Fees - See SCH O | false |
| Frederick Fuest | |||
| Trustee | 49263 | See SCH O for details | |
| Don Drakeman | |||
| Trustee | 13848 | See SCH O for details | |
Schedule M IRS990ScheduleM
| Field | Value | IRS element (for citing) |
|---|---|---|
| Works Of Art | WorksOfArt | |
| Art Historical Treasures | ArtHistoricalTreasures | |
| Art Fractional Interest | ArtFractionalInterest | |
| Books And Publications | BooksAndPublications | |
| Clothing And Household Goods | ClothingAndHouseholdGoods | |
| Cars And Other Vehicles | CarsAndOtherVehicles | |
| Boats And Planes | BoatsAndPlanes | |
| Intellectual Property | IntellectualProperty |
Securities Publicly Traded SecuritiesPubliclyTraded
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 29 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 379444 | NoncashContribsRptdF990 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities Closely Held Stock | SecuritiesCloselyHeldStock | |
| Securities Prtnrshp Trust Intrsts | SecuritiesPrtnrshpTrustIntrsts | |
| Securities Miscellaneous | SecuritiesMiscellaneous | |
| Qualified Contrib Hist Struct | QualifiedContribHistStruct | |
| Qualified Contrib Other | QualifiedContribOther |
Real Estate Residential RealEstateResidential
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 1 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 375000 | NoncashContribsRptdF990 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real Estate Commercial | RealEstateCommercial | |
| Real Estate Other | RealEstateOther | |
| Collectibles | Collectibles | |
| Food Inventory | FoodInventory | |
| Drugs And Medical Supplies | DrugsAndMedicalSupplies | |
| Taxidermy | Taxidermy | |
| Historical Artifacts | HistoricalArtifacts | |
| Scientific Specimens | ScientificSpecimens | |
| Archaeological Artifacts | ArchaeologicalArtifacts | |
| Any Property That Must Be Held | false | AnyPropertyThatMustBeHeld |
| Review Process Unusual NC Gifts | true | ReviewProcessUnusualNCGifts |
| Third Parties Used | false | ThirdPartiesUsed |
Form990 Schedule M Part II Form990ScheduleMPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Form 990, SCH M, Part I, Line 31 | Identifier |
| Return Reference | Gift Acceptance Policy | ReturnReference |
| Explanation | Drew University has a Gift Acceptance Policy in place. The Policy requires the review of any non-standard contributions. | Explanation |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (14 entries)
| IdentifierIdentifier | ExplanationExplanation | Return ReferenceReturnReference |
|---|---|---|
| Form 990, Part V, Question 7B | Drew University notifies the donor of the breakout between any goods and services received and their donation amount. If No goods and service were received we then notify the donor of that too. | |
| Form 990, Part VI, Question 2 and SCH L, Part IV | As a result of the Universities conflict of interest tax questionnaire, it has found the following relationships exist between the University and Trustees. Trustee conflicts of Interest Identified: Trustee name Description 1. Frederick Fuest Trustee Daughter is employed as the Director of Theological School Advancement 2. Don Drakeman Trustee Daughter is employed as the Major Gift Officer 3. Betsy Michel Is also a Trustee of the Dodge Foundation, who has an interest at Drew. The Dodge Foundation is an organization exempt from income tax under section 501(c) 4. Laura Overdeck Trustee is also a Vice Chair of the Governors School, a program hosted by Drew University. The Governors School is an organization exempt from income tax under section 501(c) 5. Jeffrey Noss Trustee's employer is one of the custodians of the Drew Endowment 6. William Huff Trustee who is the Operating Officer of the Huff Fund, which the University invests in. | Trustee relationship with the University |
| Form 990, Part VI, Question 11 | During the October 2009 and the February 2010 Audit Committee meeting, management presented and updated the audit committee on the new regulations for the newly revised form 990. Additionally, the committee was advised that there was now a requirement that the Trustees on the committee review the process and return, which was presented at the May 2010 meeting. During the May 2011 Audit Committee meeting, form 990 was presented. As part of this process the Audit Committee reviewed the key governance policies and practices in addition to the financial data contained in the core form pages one thru eleven. The following key governance and policy topics were reviewed by Audit Committee: 1. The Statement of Revenue and Balance Sheet, including the reconciliation to the annual financial statements. 2. Governance and policy review: a. Compensation review process and results b. Whistleblower policy c. Review in detail the results of the Conflict of Interest Questionnaire d. Lobbying activity e. Tax Exempt bond Disclosures The Chairman of the Audit Committee then provides a summarization of key Form 990 topics discussed and any reportable issues to the full Board of Trustees. All members of the Board of Trustees were provided with a copy of an initial draft of Form 990 via the Trustee web-site prior to its filing with the IRS. | Reviewing the From 990. |
| Form 990, Part VI, Question 12 | All decisions of the Board of Trustees, Officers and employees of Drew University are to be made solely on the basis of a desire to promote the best interests of the University. It is therefore the policy of the Board and the University: 1. That all activities or behavior which conflict with the best interests of the University are prohibited. This could include but would not be limited to: a) Use of University Resources. For a University Trustee, Officer or employee to make improper use of any University resources, including the services of University employees, for his or her own personal benefit. b) Compliance with Rules. For a University Trustee, Officer, or employee to fail to comply with the University's duly established rules, regulations or standards of personal behavior. c) Disclosure of Confidential Information. For a University Trustee, officer, or employee, without proper authority, to give or release to anyone not authorized to receive such information, any data of a confidential nature secured through his or her relationship to the University. d) Acceptance of Gifts. For a University Trustee, Officer or employee, or any dependent member of his or her immediate family to accept from any organization or person that they know to be doing or seeking to do business with the University, a loan or a gift or favor of more than nominal value. This paragraph shall not be deemed to prohibit loans made in the normal course of business with the terms standard for such loans from banks or financial institutions that may have or expect to have relations with the University. e) Competition with the University. For a University Trustee or Officer, directly or through a corporation in which he or she has a substantial interest, to engage in for remuneration any other activity which is in direct competition with the University, except with the knowledge and written consent of the President or the President's designee. If the activity is that of the President such consent must be given by the chair of the Board. 2. That, in the event that the Board or a University Officer shall be called upon to consider a transaction involving the University and (i) a member of the Board or any Officer of the University (or a member of his or her immediate family), or (ii) an organization with which a member of the Board or any Officer of the University is "affiliated," such Trustee or Officer, as soon as he or she has knowledge of the transaction, shall: (a) Disclose fully the precise nature of his or her interest or involvement in such transaction and/or such organization; and (b) Refrain from participation in the University's consideration of the proposed transaction. For the purposes of this conflict-of-interest policy, a Trustee or Officer is "affiliated" with any organization of which he or she (or a member of his or her immediate family) is an employee, general partner, member of the Board of Directors, Trustee, or in which he or she (or a member of his or her immediate family) owns 10% or more of the outstanding stock. 3. That the following persons disclose to the University on a continuing basis all their relationships and business affiliations that reasonably could give rise to a conflict of interest, or the appearance of a conflict of interest, involving the University: the Trustees (including the President); the Vice Presidents of the University; the Deans; and such other Officers as the President shall designate as being Officers from whom, because of their respective duties and responsibilities, the University should receive a continuing disclosure of such outside relationships and business affiliations. All disclosures required to be made hereunder must be directed in writing to the Executive Committee of the Board of Trustees which shall have, with the assistance of the Vice President of Administration and of the Vice President for Finance and Business Affairs, the responsibility for monitoring of this policy, including the administration and enforcement thereof. The Executive Committee shall be advised immediately of any disputes or other issues arising out of the application of this policy so that it can determine what, if any, action is appropriate. Vice President for Finance and Business Affairs, the responsibility for monitoring of this policy, including the administration and enforcement thereof. The Executive Committee shall be advised immediately of any disputes or other issues arising out of the application of this policy so that it can determine what, if any, action is appropriate. | CONFLICT-OF-INTEREST POLICY FOR TRUSTEES AND OFFICERS OF ADMINISTRATION |
| Form 990, Part VI, Question 15a & 15b | Compensation for the officers, executive director and key employees is determined by the drew board of directors on the recommendation of the compensation committee. No individuals with a conflict of interest may be involved in the compensation determination process. Comparability data for similarity qualified persons in functionally comparable positions at similarity situated organizations is prepared by the organization and reviewed by the board of directors. the minutes of the board of directors and the compensation committee document the board's and committee's deliberations and decisions regarding compensation. The benchmark data is derived from a custom report provided by the College and University Personnel Association (CUPA). The University maintains a list of about 50 institutions that are similar to Drew in size, scope and mission. Mean and median salaries for positions that are comparable to our Cabinet are derived from the data provided by CUPA and adjusted by a cost of living factor to determine the benchmark. The benchmark is used by the committee to determine the appropriateness of salaries, salary increases and salaries of new executive hires." | COMPENSATION |
| Form 990, Part VI, Question 19 | Drew University makes its governing documents available to the public in the following manner.. 1. Governing documents such as the conflict of interest policy, University Charter, University Mission Statement, Whistle Blower Policy, Travel and entertainment, purchasing, signature authority are made available to the public through the University web-site. The web-site is available on demand to the public at www.Drew.edu 2. The University tax filing form 990 is available at www.guidestar.org 3. The University financial statements are also available on the web-site and available upon demand by the public. 4. Any changes that are made to the governing documents once ratified, are updated to the University web-site instantly, thereby making the web-site an up to date and live environment for the University's documents. | Disclosure |
| Form 990, Part III, Question 4b | Drew Theological School empowers leadership for a global Christianity of justice, ecumenism, and the integrity of creation. Its pastoral, spiritual, and conceptual disciplines grow within an intimate liturgical and communal context, one that sustains multiple relations of difference. Through its particular historical commitments to African, Asian, African-American, Hispanic and women's ministries, the Theological School remains faithfully rooted in its Methodist heritage. Drew nurtures Christian practices through vital partnership with local churches and international networks of education. Trans-disciplinary interpretation of text, tradition, and experience energizes its scholarly rigor. Drew engenders theologies responsible to the complex social realities of an interconnected world. Into that world Drew sends pastors, preachers and prophets, deacons, activists, and teachers. | Drew Theological School |
| Form 990, Part III, Question 4c | The Caspersen School of Graduate Studies was founded on the principle of the importance of interdisciplinary study in the Humanities. The goal of the School's founders was to foster broadly educated people who have expertise in a field of thought but who are also familiar with and articulate in a range of humanistic studies. This mission continues to distinguish The Caspersen School among institutions with doctoral programs in the Humanities. Our intent is to train persons who are properly prepared not only in specific recognized fields but also in interdisciplinary dialogue. We celebrate the joy of learning as we prepare able, well informed graduates who pursue careers in higher education, in the religious and medical communities, and in the broader intellectual world. As such, we are well positioned to meet the increasing call for interdisciplinary approaches both in the academy and in the wider world. Integral to our mission is encouraging our faculty and students alike to pursue creative research in the Humanities and to make the results of their work available through teaching, participation in scholarly meetings, various forms of publication and intellectual discourse. To that end we continue to explore new possibilities of enhancing interdisciplinary studies in the humanities. | The Caspersen School of Graduate Studies |
| Form 990, Part VI, Question 4 | Article II, Section 26 (e) At any meeting of the Board, other than any of the three (3) regularly scheduled Board meetings each year, or at a meeting of a committee of the Board, the person who is Chair of the Board or Chair of the committee at that meeting, can authorize the telephonic participation of all or some of the members of the Board or of the committee. Unless prohibited by these Bylaws, a member's participation by telephone shall count for purposes of constituting a quorum of the Board or the committee at that meeting and shall entitle the participant to vote on any issues coming up for vote at the meeting. There may also be instances where the Board or a committee may find it necessary or advisable to have one or more members, who are entitled to vote, cast the vote by electronic means, such as e-mail or by fax. Such vote shall be a proper vote and counted in the balloting if authorized by the Chair of the Board (other than any of the three (3) regularly scheduled Board meetings each year) or the Chair of the committee, respectively . Article II, Section 25 (a) One third of the members of the Board of Trustees shall constitute a quorum of said Board, competent to act at all meetings thereof, except as herein and otherwise stated. Article IX These Bylaws may be amended or changed at any regular or special meeting of the Board of Trustees provided written notice of the substance of the proposed amendment is sent to all Trustees at least ten (10) days before the meeting. The amendment shall be adopted by a vote of at least two-thirds of the entire Board. Article II Section 19 - Compensation Committee At the annual meeting the Board shall elect a Compensation Committee consisting of not fewer than six members in addition to the Chair of the Board, The committee shall have the responsibility for evaluating the performance, and determining the compensation (including contractual benefits, deferred compensation plans, perquisites, and other compensatory benefits), of the President. The President shall consult the Committee on evaluations of the performance and the compensation (including contractual benefits, deferred compensation plans, perquisites, and other compensatory benefits) of the Administrative and Academic Officers and other members of the administrative staff who report directly to the President. The committee may directly engage the services of compensation consultants to obtain market information and advice. Section 26-Trustees and Committees b) A quorum of the Executive Committee and of any committee elected or appointed by the Board shall consist of one-third of the Committee members. | Changes in By-Laws |
| Form 990, SCH K | The information provided about proceeds, issue price and rebate for bond issue A is from the 8038 and the rebate reports for the issue. | Bond Issue A Schedule K Parts I through IV |
| Form 990, SCH K | Bond issues B and C were sold at the same time and are treated as a single issue for arbitrage purposes. Bond issue B advance refunded part of the New Jersey Educational Facilities Authority's Drew University Issue 1998 C Series Bonds and financed capital improvements for the University. Bond Issue C was sold in a forward sale and currently refunded the remaining outstanding 1998 C Bonds. Information about issue, price proceeds and rebate are from the 8038's, rebate reports and arbitrage certificates for these bonds. Total proceeds listed for both these series include investment earnings and transferred proceeds. | Bond Issues B and C Schedule K Parts 1 through IV |
| Form 990, SCH K | Bond Issue D was a direct placement. Information about issue price, costs of issuance and capital expenditures are from the 8038 and the Rebate Report for this issue. 2008 SERIES I - New Jersey Educational Facility Authority - no CUSIP number has been entered as there is no CUSIP number for a bank purchased bond. | Bond Issue D - Schedule K Parts 1 through IV |
| Form 990, SCH K | Bond Issue E was issued pursuant to a New Jersey State program to finance capital improvements for New Jersey colleges and universities. Under this program, debt service on the bonds is payable by the State subject to appropriation. Each college or university is required to reimburse the State for half of the debt service on the bonds allocated to that institution. Drew received a grant from bonds issued in 2000 which were among the bonds partially advance refunded by Bond Issue E. An 8038 was filed for the bonds of Issue E allocated to the private institutions like Drew and an 8038 - G was filed for the bonds of Issue E allocated to the public institutions. Each 8038 allocated an amount of the refunding bonds to each college or university that received a grant from a refunded issue. Drew's allocation on the 8038 was $214,000. This represents 0.0179 of the aggregate refunding bonds allocated to private institutions and 0.0139 of the total proceeds allocated to all colleges and universities. The information provided about issue price. total proceeds and other proceeds represents 0.0179 X issue price and costs of issuance shown on the 8038 filed for private institutions and 0.0139 x the information about total proceeds provided in the rebate report. | Bond Issue E - Schedule K Parts I through IV |
| Form 990, SCH L, Part IV | The nature of the transactions with the interested person William Huff is as follows: The university is a limited partner/investor in the Huff Energy Fund. The university has a 10 million dollar commitment to invest in the fund. The university pays a management and incentive fees to the fund for the management of the fund. All transactions are conducted at arms length, meaning they are executed in accordance with the investment agreement. Due diligence was conducted by independent external investment consultants that are retained by the university. The university measures investment performance on a quarterly basis, conducts portfolio reviews and on site visits on an annual basis and reports results to the investment committee. The nature of the transactions with the interested person Jeffrey Noss is as follows: Mr. Jeffrey Noss is an employee of Bank of New York Mellon Wealth Management as a Managing Director. He is a Trustee and Chairman of the Finance Committee for the university. The university's transactions with BNY/Mellon are, BNY/Mellon is custodian for separately managed account assets of the endowment funds. The selection of BNY/Mellon was made through a competitive bid process. All transactions are conducted at an arm length. The university measures BNY's custodial performance and related fees on a annual basis. The university continues to evaluate custodial performance and reports on any changes and exceptions that may occur. | Interested persons |
Schedule R IRS990ScheduleR
Form990 Schedule R Part II Form990ScheduleRPartII
Name Of Disregarded Entity NameOfDisregardedEntity
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | University Housing Project Corporation | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 36 Madison Ave | AddressLine1 |
| City | Madison | City |
| State | NJ | State |
| ZIP Code | 07940 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 222970182 | EIN |
| Primary Activities | DVLPM HOUSING | PrimaryActivities |
| Legal Domicile State | NJ | LegalDomicileState |
| Exempt Code Section | 501(c)(3) | ExemptCodeSection |
| Public Charity Status | 2 | PublicCharityStatus |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Drew Univer | BusinessNameLine1 |
Form990 Schedule R Part IV Form990ScheduleRPartIV
Name Of Related Org NameOfRelatedOrg
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Copper Beach Condominium Association CBC | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 36 Madison Ave | AddressLine1 |
| City | Madison | City |
| State | NJ | State |
| ZIP Code | 07940 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 223094649 | EIN |
| Primary Activity | Real estate mgt | PrimaryActivity |
| Legal Domicile State | NJ | LegalDomicileState |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Drew University | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Type Of Entity | Condo Assoc. | TypeOfEntity |
| Share Of Total Income | 103634 | ShareOfTotalIncome |
| Share Of EOY Assets | 101703 | ShareOfEOYAssets |
| Percentage Ownership | 0.59700 | PercentageOwnership |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Ann Rents Royalties | true | ReceiptOfIntAnnRentsRoyalties |
| Gift Grant Or Cap Contr To Other Org | false | GiftGrantOrCapContrToOtherOrg |
| Gift Grant Or Cap Contr Fr Other Org | false | GiftGrantOrCapContrFrOtherOrg |
| Loans Or Guarantees To Other Org | true | LoansOrGuaranteesToOtherOrg |
| Loans Or Guarantees From Other Org | false | LoansOrGuaranteesFromOtherOrg |
| Sale Of Assets To Other Org | false | SaleOfAssetsToOtherOrg |
| Purchase Of Assets From Other Org | false | PurchaseOfAssetsFromOtherOrg |
| Exchange Of Assets | false | ExchangeOfAssets |
| Rental Of Facilities To Other Orgs | false | RentalOfFacilitiesToOtherOrgs |
| Rental Of Facilities Fr Other Orgs | false | RentalOfFacilitiesFrOtherOrgs |
| Perform Of Services For Other Orgs | false | PerformOfServicesForOtherOrgs |
| Perform Of Services By Other Orgs | false | PerformOfServicesByOtherOrgs |
| Sharing Of Facilities | false | SharingOfFacilities |
| Sharing Of Paid Employees | false | SharingOfPaidEmployees |
| Reimbursement Paid To Other Org | false | ReimbursementPaidToOtherOrg |
| Reimbursement Paid By Other Org | true | ReimbursementPaidByOtherOrg |
| Other Transfer To Other Org | false | OtherTransferToOtherOrg |
| Other Transfer From Other Org | false | OtherTransferFromOtherOrg |
Transactions Related Orgs Table TransactionsRelatedOrgsTable (4 entries)
| Transaction TypeTransactionType | Amount InvolvedAmountInvolved |
|---|---|
| UNIVERSITY HOUSING PROJECT | |
| a | 193944 |
| UNIVERSITY HOUSING PROJECT | |
| d | 4561976 |
| COPPER BEECH CONDOMINIUM ASSOCIATION | |
| d | 80173 |
| PAYMENTS ON BEHALF OF UHP & CBC BY DREW UNV | |
| p | 305928 |
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