DREXEL UNIVERSITY: Form 990, tax year 2009
View the entire original 990 at ProPublica ↗
- Organization
- DREXEL UNIVERSITY (EIN 23-1352630)
- Tax period
- 2009-07-01 to 2010-06-30
- Filed
- 2011-05-16
- IRS object ID
- 201101369349303970
- 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 F
- Schedule G
- Schedule I
- Schedule J
- Schedule K
- Schedule K
- Schedule L
- Schedule M
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2011-05-16T12:36:49-05:00 | Timestamp |
| Tax Period End Date | 2010-06-30 | TaxPeriodEndDate |
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2009-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 231352630 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Drexel University | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | DREX | NameControl |
| Phone | 2158952000 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3201 Arch Street No 420 | AddressLine1 |
| City | Philadelphia | City |
| State | PA | State |
| ZIP Code | 191042875 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | Eric Olson | Name |
| Title | Interim SVP Finance/CFO/Treas | Title |
| Phone | 2158952803 | Phone |
| Date Signed | 2011-05-16 | DateSigned |
| 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 | Celestino R Pennoni | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3141 Chestnut St | AddressLine1 |
| City | Philadelpia | City |
| State | PA | State |
| ZIP Code | 19104 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 715032844 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c | X | Organization501c |
| Web Site | www.drexel.edu | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1891 | YearFormation |
| State Legal Domicile | PA | StateLegalDomicile |
| Activity Or Mission Description | Integrated academic offerings enhanced by technology, cooperative education and clinical practice | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 40 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 35 | NbrIndependentVotingMembers |
| Total Nbr Employees | 9627 | TotalNbrEmployees |
| Total Nbr Volunteers | 2332 | TotalNbrVolunteers |
| Total Gross UBI | 2141361 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | -1156557 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 135860230 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 96207942 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 519391518 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 569481488 | ProgramServiceRevenueCY |
| Investment Income Prior Year | -49797762 | InvestmentIncomePriorYear |
| Investment Income Current Year | 9735979 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 9684875 | OtherRevenuePriorYear |
| Other Revenue Current Year | 5294980 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 615138861 | TotalRevenuePriorYear |
| Total Revenue Current Year | 680720389 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 156086617 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 168723663 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 305636190 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 328534266 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 159199 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 159696 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 9799031 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 192147855 | OtherExpensePriorYear |
| Other Expenses Current Year | 206630764 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 654029861 | TotalExpensesPriorYear |
| Total Expenses Current Year | 704048389 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | -38891000 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | -23328000 | RevenuesLessExpensesCY |
| Total Assets BOY | 1073097000 | TotalAssetsBOY |
| Total Assets EOY | 1068943000 | TotalAssetsEOY |
| Total Liabilities BOY | 593521000 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 594113000 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 479576000 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 474830000 | NetAssetsOrFundBalancesEOY |
| Mission Description | To serve our students and society through comprehensive, integrated academic offerings enhanced by technology, cooperative education and clinical practice in an urban setting, with global outreach embracing research, scholarly activities and community initiatives. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 577223354 | Expense |
| Grants | 153058101 | Grants |
| Revenue | 561850682 | Revenue |
| Description | InstructionDrexel is a comprehensive national research university dedicated to providing quality undergraduate, graduate and professional education featuring excellent academics, state-of-the-art technology and a focus on real-world learning and service.Drexel offers nationally accredited programs that meet the changing needs of society, including more than 70 bachelor's degree programs and more than 100 master's and doctoral programs. The University's mission encompasses a wide range of disciplines including medicine and law and serves traditional, adult and online students.Students at Drexel learn from faculty who are leaders on and off campus. Recent honors bestowed on faculty members include admission to the Institute of Medicine and the American Institute for Medical and Biological Engineering, and election as the first president of the new International Society for Biofabrication. Faculty members also provided professional service including chairing committees on diversity and emergency health services for the American Public Health Association and serving on the Science Advisoty Board of Autism Sspeaks. Last year Drexel launched the Custom Studies Major, in which students in the Pennoni Honors College can work in close collaboration with faculty to develop their own individualized majors. Other new programs include a master's degree in environmental engineering focusing on sustainability and being developed jointly with Peking University Graduate School in Shenzhen, China. Drexel is re-imagining the role of a university library in ways that will impact libraries around the nation. The University established a Personal Librarian Program, in which each of Drexel's 2,600 freshmen is assigned to a librarian who will help them learn to access information, and this year developed a prototype Library Learning Terrace, the first of a series of library locations distributed throughout campus to connect students to service and information where they live and work. For more than 90 years, a Drexel education has augmented outstanding classroom learning with real-world professional experience through one of the nation's oldest, largest and most respected co-operative education programs. Despite an expected nationwide decline of almost 3 percent in co-op hires in 2010, Drexel continued to place 98 percent of participants in co-op positions. Another way that students learn by doing at Drexel is through the University's commitment to civic engagement. Drexel students, faculty and staff lead numerous service initiatives in our neighborhood, city and region as well as national efforts targeting education, health care and other key areas. New initiatives in the past year include the Public Service Fellowship Program in the Earle Mack School of Law, established to provide law graduates committed to public service with part-time, paid six-month positions at public interest organizations; and a partnership between the Construction Management program in Drexel's Goodwin College of Professional Studies and the ACE Mentor Program connecting high school students from economically challenged familiies to the construction industry while teaching them life and work skills. Student opportunities for service are expected to increase with Drexel's enhanced commitment to community-building in the nearby neighborhoods of Powelton Village and Mantua, announced in September 2010 by president John Fry. This wide-ranging commitment will include expanded partnerships with local public schools and the revitalization of a commercial corridor. For academic yer 2009-2010, undergraduate enrollment was 13,484, graduate enrollment was 7,189 and the number of degrees conferred were: Associate degrees - 26 Bachelors degrees - 2,734 Masters degrees - 1,741 Doctoral degrees - 297 Certificates and other - 91 | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 95982643 | Expense |
| Grants | 15665562 | Grants |
| Revenue | 10805814 | Revenue |
| Description | ResearchDrexel researchers work across disciplines to increase the world's store of knowledge and translate that new knowledge into solutions with tremendous positive impact on society. The University's research enterprise continues to grow and attract great extramural support, with research activities representing approximately $75 million in direct expenditures. Our greatly increased academic comprehensiveness has led to many collaborative research initiatives, including the creation of cross-disciplinary institutes in important areas of research leadership for the University, such as nanotechnology, non-thermal plasma science and research and development of a broad array of technologies for application by the military and first responders. The number of cross-disciplinary research centers continues to grow with the new Center for Mobilities Research and Policy, promoting research that envisions and fosters alternative futures for mobility, and the Center for Labor Market Studies, providing labor market data for government, industry and research institutions. Drexel is specifically committed to translational research, rigorous academic work that tangibly translates into intellectual progress and social good. To that end, one of Drexel's most important research functions is to leverage seed funding from public or private nonprofit sources to gain addtional funding that moves research forward. Other promising lines of research undertaken by Drexel investigators and seeded with University funding include smart-grid technology, in which the University has partnered with a corporate innovator to serve as the test site for new management of energy distribution and utilization within a local area energy network; and the Human Cognition Enhancement Program, developing methodologies to enhance cognition and skilled motor performance in both normal and disabled individuals. During the 2009-2010 academic year, Drexel University received funding for the following grants: Federally-sponsored research - 470 grants State-sponsored research - 35 grants Local-sponsored contracts - 12 grants Private-foundation sponsored research - 146 grants Industry-sponsored research - 58 grants | Description |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expense | 673205997 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 1 | LobbyingActivities |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 1 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 1 | TermOrPermanentEndowments |
| Balance Sheet Amounts Reported | 1 | BalanceSheetAmountsReported |
| Independent Audit Financial Stmt | 0 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 1 | ConsolidatedAuditFinancialStmt |
| School | 1 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 1 | ForeignActivities |
| More Than5000 K To Organizations | 1 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 1 | MoreThan5000KToIndividuals |
| Professional Fundraising | 1 | ProfessionalFundraising |
| Fundraising Activities | 1 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 1 | GrantsToOrganizations |
| Grants To Individuals | 1 | GrantsToIndividuals |
| Schedule J Required | 1 | ScheduleJRequired |
| Tax Exempt Bonds | 1 | TaxExemptBonds |
| Invest Tax Exempt Bonds | 0 | InvestTaxExemptBonds |
| Escrow Account | 0 | EscrowAccount |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuer |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 1 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 1 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 1 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 1 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 1 | RelatedEntity |
| Related Org Controlled Entity | 1 | RelatedOrgControlledEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 1069 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 9627 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 1 | UnrelatedBusinessIncome |
| Form990-T Filed | 1 | Form990-TFiled |
| Foreign Financial Account | 1 | ForeignFinancialAccount |
| Name Of Foreign Country | CJ | NameOfForeignCountry |
| Name Of Foreign Country | EI | NameOfForeignCountry |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 1 | QuidProQuoContributions |
| Quid Pro Quo Disclosure | 1 | QuidProQuoDisclosure |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | 0 | FundsToPayPremiums |
| Premiums Paid | 0 | PremiumsPaid |
| Nbr Voting Governing Body Members | 40 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 35 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 0 | MembersOrStockholders |
| Election Of Board Members | 0 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 0 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 1 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 1 | CompensationProcessOther |
| Investment In Joint Venture | 1 | InvestmentInJointVenture |
| Written Policy Or Procedure | 0 | WrittenPolicyOrProcedure |
| States Where Copy Of Return Is Filed | PA | StatesWhereCopyOfReturnIsFiled |
| Other Website | X | OtherWebsite |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Comptroller's Office | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 2158951463 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3201 Arch Street Suite 420 | AddressLine1 |
| City | Philadelphia | City |
| State | PA | State |
| ZIP Code | 19104 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (57 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | OfficerOfficer | Key EmployeeKeyEmployee | Highest Compensated EmployeeHighestCompensatedEmployee | FormerFormer |
|---|---|---|---|---|---|---|---|---|---|
| Renee Amoore | |||||||||
| Trustee | 2.00 | X | 0 | 0 | 0 | ||||
| Paul Mel Baiada | |||||||||
| Trustee | 2.00 | X | 0 | 0 | 0 | ||||
| Christopher R Booth Jr Esq | |||||||||
| Trustee | 2.00 | X | 0 | 0 | 0 | ||||
| Robert R Buckley | |||||||||
| Trustee | 2.00 | X | 0 | 0 | 0 | ||||
| Randall S Burkert | |||||||||
| Trustee | 2.00 | X | 0 | 0 | 0 | ||||
| Barry C Burkholder | |||||||||
| Trustee | 2.00 | X | 0 | 0 | 0 | ||||
| Robert L Byers | |||||||||
| Trustee | 2.00 | X | 0 | 0 | 0 | ||||
| Honorable Ida K Chen | |||||||||
| Trustee | 2.00 | X | 0 | 0 | 0 | ||||
| Kathleen P Chimicles | |||||||||
| Trustee | 2.00 | X | 0 | 0 | 0 | ||||
| Abbie Dean | |||||||||
| Trustee | 2.00 | X | 0 | 0 | 0 | ||||
| Nicholas DeBenedictis | |||||||||
| Trustee | 2.00 | X | 0 | 0 | 0 | ||||
| Richard J DePiano | |||||||||
| Trustee | 2.00 | X | 0 | 0 | 0 | ||||
| Gerianne Tringali DiPiano | |||||||||
| Vice Chair | 2.00 | X | 0 | 0 | 0 | X | |||
| James B Dougherty Jr Esq | |||||||||
| Trustee | 2.00 | X | 0 | 0 | 0 | ||||
| Robert J Drummond | |||||||||
| Trustee | 2.00 | X | 0 | 0 | 0 | ||||
| Brian Ford | |||||||||
| Trustee | 2.00 | X | 0 | 0 | 0 | ||||
| Dominic J Frederico | |||||||||
| Trustee | 2.00 | X | 0 | 0 | 0 | ||||
| Donna Gentile O'Donnell PhD | |||||||||
| Trustee | 2.00 | X | 0 | 0 | 0 | ||||
| Richard A Greenawalt | |||||||||
| Chairman | 2.00 | X | 0 | 0 | 0 | X | |||
| Richard A Hayne | |||||||||
| Vice Chair | 2.00 | X | 0 | 0 | 0 | X | |||
| Nina Henderson | |||||||||
| Trustee | 2.00 | X | 0 | 0 | 0 | ||||
| Patricia Imbesi | |||||||||
| Trustee | 2.00 | X | 0 | 0 | 0 | ||||
| Joseph H Jacovini Esq | |||||||||
| Trustee | 2.00 | X | 0 | 0 | 0 | ||||
| Joel Koppelman | |||||||||
| Trustee | 2.00 | X | 0 | 0 | 0 | ||||
| J Michael Lawrie | |||||||||
| Trustee | 2.00 | X | 0 | 0 | 0 | ||||
| Hugh C Long | |||||||||
| Trustee | 2.00 | X | 0 | 0 | 0 | ||||
| Robert J Mongeluzzi | |||||||||
| Trustee | 2.00 | X | 0 | 0 | 0 | ||||
| John A Nyheim | |||||||||
| Trustee | 2.00 | X | 0 | 0 | 0 | ||||
| Denis P O'Brien | |||||||||
| Trustee | 2.00 | X | 0 | 0 | 0 | ||||
| D Howard Pierce | |||||||||
| Trustee | 2.00 | X | 0 | 0 | 0 | ||||
| Charles P Pizzi | |||||||||
| Trustee | 2.00 | X | 0 | 0 | 0 | ||||
| Anthony M Santomero PhD | |||||||||
| Trustee | 2.00 | X | 0 | 0 | 0 | ||||
| William T Schleyer | |||||||||
| Trustee | 2.00 | X | 0 | 0 | 0 | ||||
| Nicholas S Schorsch | |||||||||
| Trustee | 2.00 | X | 0 | 0 | 0 | ||||
| Stephen A Sheller Esq | |||||||||
| Trustee | 2.00 | X | 0 | 0 | 0 | ||||
| Stanley W Silverman | |||||||||
| Trustee | 2.00 | X | 0 | 0 | 0 | ||||
| Earl W Stafford | |||||||||
| Trustee | 2.00 | X | 0 | 0 | 0 | ||||
| Manuel N Stamatakis | |||||||||
| Trustee | 2.00 | X | 0 | 0 | 0 | ||||
| Charles K Valutas | |||||||||
| Trustee | 2.00 | X | 0 | 0 | 0 | ||||
| Celestino R Pennoni | |||||||||
| Interim President | 40.00 | X | 0 | 0 | 0 | X | |||
| Thomas Elzey | |||||||||
| SVP Finance/CFO/Treasurer | 40.00 | 473153 | 0 | 39255 | X | ||||
| Michael J Exler Esq | |||||||||
| Secretary | 40.00 | 259299 | 0 | 34299 | X | ||||
| Mark Greenberg | |||||||||
| Provost | 40.00 | 485879 | 0 | 39255 | X | ||||
| Carl Oxholm III Esq | |||||||||
| Dean/CEO, Ctr-Grad Studies | 40.00 | 513050 | 0 | 52561 | X | ||||
| Elizabeth Dale | |||||||||
| SVP Inst Advancement | 40.00 | 446068 | 0 | 33524 | X | ||||
| James Tucker | |||||||||
| SVP Student Life & Admin | 40.00 | 352950 | 0 | 27513 | X | ||||
| Joan McDonald | |||||||||
| SVP Enrollment Management | 40.00 | 290898 | 0 | 31810 | X | ||||
| Selcuk Guceri PhD | |||||||||
| Dean-College of Engineerin | 40.00 | 316727 | 0 | 36675 | X | ||||
| John A Bielec PhD | |||||||||
| Chief Information Officer | 40.00 | 335119 | 0 | 27969 | X | ||||
| Ralph Walkling PhD | |||||||||
| Chair-Department of Financ | 40.00 | 363401 | 0 | 39255 | X | ||||
| George Tsetsekos PhD | |||||||||
| Dean-LeBow College of Busi | 40.00 | 374240 | 0 | 39255 | X | ||||
| Roger Dennis Esq | |||||||||
| Dean-Earl Mack School of L | 40.00 | 330575 | 0 | 27465 | X | ||||
| James Flint Jr | |||||||||
| Head Coach, Athletics | 40.00 | 338985 | 0 | 34355 | X | ||||
| Constantine N Papadakis PhD | |||||||||
| Former President | 40.00 | 4867342 | 0 | 44785 | X | ||||
| Adele Barbato | |||||||||
| Former Sr VP Human Resources | 40.00 | 335088 | 0 | 19327 | X | ||||
| Peter Frisko | |||||||||
| Former Interim VP Inst Adv | 40.00 | 201641 | 0 | 24557 | X | ||||
| Donna Murasko PhD | |||||||||
| Dean-School of Arts & Scie | 40.00 | 303077 | 0 | 35828 | X | ||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 10587492 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 587688 | TotalOtherCompensation |
| Number Individuals GT100 K | 535 | NumberIndividualsGT100K |
| Formers Listed | 1 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (5 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| Intech Construction Inc | |||||
| 3001 Market St Suite 140 | Philadelphia | PA | 19104 | Construction services | 28266353 |
| Turner Construction Company | |||||
| 1835 Market Street 21st Floor | Philadelphia | PA | 19103 | Construction services | 27716143 |
| Sodexho Services | |||||
| 9801 Washington Blvd | Gaithersburg | MD | 20878 | Food services | 14866297 |
| LF Driscoll | |||||
| 9 Presidential Blvd | Bala Cynwyd | PA | 19004 | Construction Management | 7235666 |
| Allied Barton Security Services LLC | |||||
| Eight Tower Bridge 161 Washington | Conshohocken | PA | 19428 | Security services | 4099552 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 128 | NumberOfContractorsGT100K |
| Fundraising Events | 607544 | FundraisingEvents |
| Related Organizations | 11382000 | RelatedOrganizations |
| Government Grants | 75147415 | GovernmentGrants |
| All Other Contributions | 9070983 | AllOtherContributions |
| Noncash Contributions | 7455538 | NoncashContributions |
| Total Contributions | 96207942 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (4 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| Tuition and fees | 900099 | 495639000 | 495639000 |
| Auxiliary enterprises | 611710 | 56869000 | 56869000 |
| Other program services | 611710 | 15038488 | 15038488 |
| Educational activities | 611600 | 1935000 | 1935000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 569481488 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 4101221 | TotalRevenueColumn |
| Exclusion | $4,101,221 | ExclusionAmount |
Income From Invest Bond Proceeds IncomeFromInvestBondProceeds
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 137145 | TotalRevenueColumn |
| Exclusion | $137,145 | ExclusionAmount |
Royalties Revenue RoyaltiesRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 193271 | TotalRevenueColumn |
| Exclusion | $193,271 | ExclusionAmount |
Gross Rents GrossRents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 153796 | Real |
Less Rental Expenses LessRentalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 121126 | Real |
Rental Income Or Loss RentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 32670 | Real |
Net Rental Income Or Loss NetRentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 32670 | TotalRevenueColumn |
| Unrelated Business Revenue | 20958 | UnrelatedBusinessRevenue |
| Exclusion | $11,712 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 39328000 | Securities |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 33830387 | Securities |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 5497613 | Securities |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 5497613 | TotalRevenueColumn |
| Exclusion | $5,497,613 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Income Fundraising Events | 134570 | GrossIncomeFundraisingEvents |
| Cntrbtns Rprtd Fundraising Events | 607544 | CntrbtnsRprtdFundraisingEvents |
| Fundraising Direct Expenses | 360942 | FundraisingDirectExpenses |
Net Income From Fundraising Events NetIncomeFromFundraisingEvents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -226372 | TotalRevenueColumn |
| Exclusion | -$226,372 | ExclusionAmount |
Other Revenue Misc OtherRevenueMisc (3 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Unrelated Business RevenueUnrelatedBusinessRevenue | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|---|
| Application Svc Prog | 541519 | 3208337 | 3208337 | |
| Miscellaneous revenue | 900099 | 3003161 | 3003161 | |
| Student fees & fines | 900099 | 171847 | 171847 |
Miscellaneous Revenue MiscellaneousRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -1087934 | TotalRevenueColumn |
| Unrelated Business Revenue | -1087934 | UnrelatedBusinessRevenue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 5295411 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 680720389 | TotalRevenueColumn |
| Related Or Exempt Function Income | 572656496 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 2141361 | UnrelatedBusinessRevenue |
| Exclusion | $9,714,590 | ExclusionAmount |
Grants To Domestic Orgs GrantsToDomesticOrgs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 15358925 | Total |
| Program Services | 15358925 | ProgramServices |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 134577028 | Total |
| Program Services | 134577028 | ProgramServices |
Foreign Grants ForeignGrants
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 18787710 | Total |
| Program Services | 18787710 | ProgramServices |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3045370 | Total |
| Program Services | 1728723 | ProgramServices |
| Management And General | 927024 | ManagementAndGeneral |
| Fundraising | 389623 | Fundraising |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 258564779 | Total |
| Program Services | 252957891 | ProgramServices |
| Fundraising | 5606888 | Fundraising |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 22497695 | Total |
| Program Services | 21918269 | ProgramServices |
| Management And General | 63745 | ManagementAndGeneral |
| Fundraising | 515681 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 26891192 | Total |
| Program Services | 26244767 | ProgramServices |
| Management And General | 30035 | ManagementAndGeneral |
| Fundraising | 616390 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 17535230 | Total |
| Program Services | 17103062 | ProgramServices |
| Management And General | 30234 | ManagementAndGeneral |
| Fundraising | 401934 | Fundraising |
Fees For Services Management FeesForServicesManagement
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 118517 | Total |
| Program Services | 252 | ProgramServices |
| Management And General | 118265 | ManagementAndGeneral |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 839883 | Total |
| Program Services | 87606 | ProgramServices |
| Management And General | 741801 | ManagementAndGeneral |
| Fundraising | 10476 | Fundraising |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 203300 | Total |
| Management And General | 203300 | ManagementAndGeneral |
Fees For Services Lobbying FeesForServicesLobbying
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 411491 | Total |
| Program Services | 411491 | ProgramServices |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 159696 | Total |
| Fundraising | 159696 | Fundraising |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 587457 | Total |
| Management And General | 587457 | ManagementAndGeneral |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 24690032 | Total |
| Program Services | 21853322 | ProgramServices |
| Management And General | 2505260 | ManagementAndGeneral |
| Fundraising | 331450 | Fundraising |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3695255 | Total |
| Program Services | 3551719 | ProgramServices |
| Management And General | 138475 | ManagementAndGeneral |
| Fundraising | 5061 | Fundraising |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 28579152 | Total |
| Program Services | 26611944 | ProgramServices |
| Management And General | 1403093 | ManagementAndGeneral |
| Fundraising | 564115 | Fundraising |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 13459831 | Total |
| Program Services | 10229351 | ProgramServices |
| Management And General | 3160638 | ManagementAndGeneral |
| Fundraising | 69842 | Fundraising |
Royalties Royalties
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2329549 | Total |
| Program Services | 2156769 | ProgramServices |
| Management And General | 172780 | ManagementAndGeneral |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 36424738 | Total |
| Program Services | 33836759 | ProgramServices |
| Management And General | 2584194 | ManagementAndGeneral |
| Fundraising | 3785 | Fundraising |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 9565815 | Total |
| Program Services | 8622460 | ProgramServices |
| Management And General | 679674 | ManagementAndGeneral |
| Fundraising | 263681 | Fundraising |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 6356528 | Total |
| Program Services | 5728135 | ProgramServices |
| Management And General | 457097 | ManagementAndGeneral |
| Fundraising | 171296 | Fundraising |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 14051979 | Total |
| Program Services | 14051979 | ProgramServices |
Payments To Affiliates PaymentsToAffiliates
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 23991482 | Total |
| Program Services | 23991482 | ProgramServices |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 22964555 | Total |
| Program Services | 21586682 | ProgramServices |
| Management And General | 1377873 | ManagementAndGeneral |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3492887 | Total |
| Program Services | 3055264 | ProgramServices |
| Management And General | 393252 | ManagementAndGeneral |
| Fundraising | 44371 | Fundraising |
Other Expenses OtherExpenses (5 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral | FundraisingFundraising |
|---|---|---|---|---|
| Miscellaneous | 4981875 | 741768 | 3726025 | 514082 |
| Recruiting | 3253131 | 2832750 | 420381 | |
| Participant Expense | 1475084 | 1332891 | 142193 | |
| Professional Membership | 1459835 | 819442 | 599611 | 40782 |
| Bad Dept Expense | 1418943 | 1418943 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2279445 | Total |
| Program Services | 1608613 | ProgramServices |
| Management And General | 580954 | ManagementAndGeneral |
| Fundraising | 89878 | Fundraising |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 704048389 | Total |
| Program Services | 673205997 | ProgramServices |
| Management And General | 21043361 | ManagementAndGeneral |
| Fundraising | 9799031 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 38890 | BOY |
| EOY | 34322 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 47069110 | BOY |
| EOY | 27554678 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 84509000 | BOY |
| EOY | 75099000 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 51917000 | BOY |
| EOY | 50251000 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 18513000 | BOY |
| EOY | 9821000 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 762615000 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 209071000 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 499672000 | BOY |
| EOY | 553544000 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 305443281 | BOY |
| EOY | 286265000 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 39755719 | BOY |
| EOY | 48767000 | EOY |
Investments Program Related InvestmentsProgramRelated
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 17139000 | BOY |
| EOY | 16555000 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 9040000 | BOY |
| EOY | 1052000 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1073097000 | BOY |
| EOY | 1068943000 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 95451000 | BOY |
| EOY | 106254000 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 62524000 | BOY |
| EOY | 68409000 | EOY |
Tax Exempt Bond Liabilities TaxExemptBondLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 359268000 | BOY |
| EOY | 352115000 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 20604000 | BOY |
| EOY | 15505000 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 55674000 | BOY |
| EOY | 51830000 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 593521000 | BOY |
| EOY | 594113000 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 287894000 | BOY |
| EOY | 287510000 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 98097000 | BOY |
| EOY | 89356000 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 93585000 | BOY |
| EOY | 97964000 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 479576000 | BOY |
| EOY | 474830000 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1073097000 | BOY |
| EOY | 1068943000 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
| Audit Committee | 1 | AuditCommittee |
| Financial Statement Consolidated | X | FinancialStatementConsolidated |
| Federal Grant Audit Required | 1 | FederalGrantAuditRequired |
| Federal Grant Audit Performed | 1 | 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) |
|---|---|---|
| Volunteers | 1 | Volunteers |
| Paid Staff Or Management | 0 | PaidStaffOrManagement |
| Media Advertisements | 0 | MediaAdvertisements |
| Mailings Members | 1 | MailingsMembers |
| Mailings Members | $76,486 | MailingsMembersAmount |
| Publications Or Broadcast | 0 | PublicationsOrBroadcast |
| Grants Other Organizations | 0 | GrantsOtherOrganizations |
| Direct Contact Legislators | 1 | DirectContactLegislators |
| Direct Contact Legislators | $335,005 | DirectContactLegislatorsAmount |
| Rallies Demonstrations | 0 | RalliesDemonstrations |
| Other Activities | 0 | OtherActivities |
| Total Lobbying Expenditures IIB | 411491 | TotalLobbyingExpendituresIIB |
| Not Described In501c3 | 0 | NotDescribedIn501c3 |
Form990 Schedule C Part IV Form990ScheduleCPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Part II-B, Line 1i: | Identifier |
| Return Reference | Explanation of Other Lobbying Activities: | ReturnReference |
| Explanation | Line a - Volunteers: Drexel University has used volunteers to help get our message to elected officials. Student volunteers participate in activities such as Student Lobbying Day, sponsored by the Association for Independent Colleges and Universities, during which students travel to Harrisburg to meet their elected officials. This program is developed in conjunction with the Student Government Association. Line d - Mailings to Members, Legislators or the Public: In cases where legislation may or will affect the University, its subsidiaries or higher education in general, we make contact with legislators through mailings. These are personalized mailings rather than direct mail campaigns. Line g - Direct Contact with Legislators, their Staffs, Government Officials, or a Legislative Body: We have direct contact with our legislators, their staffs, and various government officials throughout the year via phone calls, written correspondence, and meetings. The frequency of contact depends on the issues at hand. | Explanation |
Schedule D IRS990ScheduleD
Art Public Exhibition Amts ArtPublicExhibitionAmts
| Field | Value | IRS element (for citing) |
|---|---|---|
| Assets In Part X | 8822000 | AssetsInPartX |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Collect Used For Public Exhibition | X | CollectUsedForPublicExhibition |
| Collect Used For Scholar Research | X | CollectUsedForScholarResearch |
| Collect Used For Preservation | X | CollectUsedForPreservation |
| Collect Used For Loan Or Exch Prgrms | X | CollectUsedForLoanOrExchPrgrms |
| Solicited Assets For Sale | 0 | SolicitedAssetsForSale |
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 290578000 | BeginningOfYearBalance |
| Contributions | 5991000 | Contributions |
| Investment Earnings Or Losses | 26089000 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 4623190 | GrantsOrScholarships |
| Other Expenditures | 12632810 | OtherExpenditures |
| End Of Year Balance | 305402000 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 379632000 | BeginningOfYearBalance |
| Contributions | 6557000 | Contributions |
| Investment Earnings Or Losses | -77701000 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 4840385 | GrantsOrScholarships |
| Other Expenditures | 13069615 | OtherExpenditures |
| End Of Year Balance | 290578000 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated EOY Balance | 0.52000 | BoardDesignatedEOYBalance |
| Permanent Endowment EOY Balance | 0.31000 | PermanentEndowmentEOYBalance |
| Term Endowment EOY Balance | 0.02200 | TermEndowmentEOYBalance |
| Endowments Held By Unrelated Orgs | 0 | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | 0 | EndowmentsHeldByRelatedOrgs |
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 44219000 | OtherCostOrOtherBasis |
| Book Value | 44219000 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 539749000 | OtherCostOrOtherBasis |
| Depreciation | 136238000 | Depreciation |
| Book Value | 403511000 | BookValue |
Leasehold Improvements LeaseholdImprovements
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 14045000 | OtherCostOrOtherBasis |
| Depreciation | 4074000 | Depreciation |
| Book Value | 9971000 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 98752000 | OtherCostOrOtherBasis |
| Depreciation | 62434000 | Depreciation |
| Book Value | 36318000 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 65850000 | OtherCostOrOtherBasis |
| Depreciation | 6325000 | Depreciation |
| Book Value | 59525000 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 553544000 | TotalOfBookValueLandBuildings |
Other Liabilities OtherLiabilities (4 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| Deposits | $14,866,000 |
| Government advances for student loans | $13,284,000 |
| Due to affiliates | $20,561,000 |
| Capital lease, Armory | $3,119,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 51830000 | TotalOfAmounts |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (3 entries)
| IdentifierIdentifier | ExplanationExplanation | Return ReferenceReturnReference |
|---|---|---|
| Part III, Line 4: | The Drexel Collection, founded by A.J. Drexel in 1892, consists of 6,000 objects. Paintings and sculpture from the permanent collection are on display in the A.J. Drexel Picture Gallery and the gallery in the Paul Peck Alumni Center. European decorative arts are displayed throughout the Great Court. Tours are conducted in the galleries for visitors. | |
| Part V, Line 4: | Drexel University had an endowment spending rule that limited the spending of endowment resources to 5% of the average market value of the pooled endowment portfolio for the prior three fiscal years. To the extent that current yield is inadequate to meet the spending rule, a portion of cumulative realized net gains is available for current use. Endowment resources are used to fund scholarships, academic programs and professorships. | Description of Intended Use of Endowment Funds: |
| Part X: | The University did not have a liability for uncertain tax positions under FIN 48. | Description of Uncertain Tax Positions Under FIN 48: |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | 1 | NondiscriminatoryPolicyStmt |
| Policy Statement In Brochures Etc | 1 | PolicyStatementInBrochuresEtc |
| Policy Publ Via Broadcast Media | 1 | PolicyPublViaBroadcastMedia |
| Pub Via Broadcast Media Expln | Drexel University includes its racially nondiscriminatory policy in newspaper and magazine advertising during registration periods and in student brochures. | PubViaBroadcastMediaExpln |
| Maint Racial Composition Records | 1 | MaintRacialCompositionRecords |
| Maint Scholarships Records | 1 | MaintScholarshipsRecords |
| Maint Copies Of Brochures Etc | 1 | MaintCopiesOfBrochuresEtc |
| Maint Copies Of All Solicitations | 1 | MaintCopiesOfAllSolicitations |
| Discriminate Race Students Rights | 0 | DiscriminateRaceStudentsRights |
| Discriminate Race Admiss Policies | 0 | DiscriminateRaceAdmissPolicies |
| Discriminate Race Emplmn Faculty | 0 | DiscriminateRaceEmplmnFaculty |
| Discriminate Race Scholarships | 0 | DiscriminateRaceScholarships |
| Discriminate Race Educ Policies | 0 | DiscriminateRaceEducPolicies |
| Discriminate Race Use Of Fclts | 0 | DiscriminateRaceUseOfFclts |
| Discriminate Race Athletic Prog | 0 | DiscriminateRaceAthleticProg |
| Discriminate Race Other Acty | 0 | DiscriminateRaceOtherActy |
| Discriminate Race Explanation | Drexel University was founded upon the principle of diversity as an educational goal and remains committed to that principle today. In 1892, noted financier, philanthropist, and advisor to U.S. Presidents, Anthony J. Drexel created the Drexel Institute of Art, Science and Industry to provide higher education to men and women of the working class who were not welcome in the colleges and universities of that day. A.J.Drexel envisioned a learning environment in which young men and women would learn skills and acquire knowledge in subjects that would prepare them for rewarding careers. Drexel's co-operative education program encourages students to learn how to work together by placing them in real business settings that are increasingly diverse. We have embraced diversity because we know there is no other way to ensure our students are prepared for a diverse world. We will continue to honor our Founders' visions, creating a diverse student community as an essential part of our mission. | DiscriminateRaceExplanation |
| Government Financial Aid Received | 1 | GovernmentFinancialAidReceived |
| Government Financial Aid Revoked | 0 | GovernmentFinancialAidRevoked |
| Govt Financial Aid Explanation | Drexel University receives funds from various federal and state governmental agencies under their respective student financial aid assistance programs. Federal programs include the PELL Grant Program, Supplemental Education Opportunity Grant (SEOG) Program, College Work Study (CWS) Program and Perkins Loan Program. The state program is the Pennsylvania Higher Education Assistance Program for students. In addition, the University is awarded sponsored research and other grants by various federal agencies, including NSF and HHS. | GovtFinancialAidExplanation |
| Compliance With Rev Proc7550 | 1 | ComplianceWithRevProc7550 |
Schedule F IRS990ScheduleF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | 0 | GrantRecordsMaintained |
Accts Actvs Out US Table AcctsActvsOutUSTable (39 entries)
| RegionRegion | Type Of Activities ConductedTypeOfActivitiesConducted | Specific Services ProvidedSpecificServicesProvided | Total ExpendituresTotalExpenditures |
|---|---|---|---|
| South Asia | Program services | Instruction | 8890 |
| Europe | Program services | Instruction | 250615 |
| East Asia and the Pacific | Program services | Instruction | 63966 |
| South America | Program services | Instruction | 2710 |
| North America | Program services | Instruction | 87026 |
| Sub-Saharan Africa | Program services | Instruction | 17901 |
| Central America and the Caribbean | Program services | Instruction | 10909 |
| Russia and Newly Independent States | Program services | Instruction | 1909 |
| Middle East and North Africa | Program services | Instruction | 18514 |
| Europe | Program services | Research | 374705 |
| East Asia and the Pacific | Program services | Research | 101359 |
| South America | Program services | Research | 24016 |
| North America | Program services | Research | 85986 |
| Sub-Saharan Africa | Program services | Research | 222370 |
| Central America and the Caribbean | Program services | Research | 3571 |
| Russia and Newly Independent States | Program services | Research | 2210 |
| Middle East and North Africa | Program services | Research | 13854 |
| Europe | Program services | Study Abroad | 166675 |
| East Asia and the Pacific | Program services | Study Abroad | 6607 |
| South America | Program services | Study Abroad | 1298 |
| North America | Program services | Study Abroad | 3969 |
| Sub-Saharan Africa | Program services | Study Abroad | 834 |
| Central America and the Caribbean | Program services | Study Abroad | 33650 |
| Middle East and North Africa | Program services | Study Abroad | 8262 |
| South Asia | Program services | Recruiting | 15323 |
| Europe | Program services | Recruiting | 62027 |
| East Asia and the Pacific | Program services | Recruiting | 54428 |
| South America | Program services | Recruiting | 1820 |
| North America | Program services | Recruiting | 14732 |
| Sub-Saharan Africa | Program services | Recruiting | 2150 |
| Central America and the Caribbean | Program services | Recruiting | 3022 |
| Middle East and North Africa | Program services | Recruiting | 2006 |
| Europe | Fundraising | 8515 | |
| East Asia and the Pacific | Fundraising | 4176 | |
| North America | Fundraising | 3710 | |
| Middle East and North Africa | Fundraising | 711 | |
| Europe | Program services | Athletics | 8636 |
| Europe | Business | 1382 | |
| East Asia and the Pacific | Business | 1568 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Number Of Offices | 0 | TotalNumberOfOffices |
| Total Number Of Employees | 0 | TotalNumberOfEmployees |
| Total Amount Spent | 1696012 | TotalAmountSpent |
Grants To Orgs Outside US GrantsToOrgsOutsideUS (8 entries)
| RegionRegion | Purpose Of GrantPurposeOfGrant | Amount Of Cash GrantAmountOfCashGrant | Manner Of Cash DisbursementMannerOfCashDisbursement |
|---|---|---|---|
| Europe | Research | 32600 | Wire |
| Eurpoe | Research | 25745 | Wire |
| Europe | Research | 170098 | Check |
| North America | Research | 23733 | Check |
| East Asia and the Pacific | Research | 42115 | Check |
| Europe | Research | 105227 | Check |
| North America | Research | 47504 | Check |
| North America | Research | 6949 | Check |
Grants To Ind Outside US GrantsToIndOutsideUS (9 entries)
| Type Of AssistanceTypeOfAssistance | RegionRegion | Number Of RecipientsNumberOfRecipients | Amount Of Cash GrantAmountOfCashGrant | Manner Of Cash DisbursementMannerOfCashDisbursement |
|---|---|---|---|---|
| Scholarships | South Asia | 427 | 5283400 | Credit to student accounts |
| Scholarships | Europe | 186 | 3361727 | Credit to student accounts |
| Scholarships | East Asia and the Pacific | 452 | 5933998 | Credit to student accounts |
| Scholarships | South America | 23 | 458899 | Credit to student accounts |
| Scholarships | North America | 19 | 358540 | Credit to student accounts |
| Scholarships | Sub-Saharan Africa | 113 | 1542853 | Credit to student accounts |
| Scholarships | Central America and the Caribbean | 26 | 264318 | Credit to student accounts |
| Scholarships | Russia and Newly Independent States | 26 | 355214 | Credit to student accounts |
| Scholarships | Middle East and North America | 49 | 774790 | Credit to student accounts |
Form990 Schedule F Part IV Form990ScheduleFPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Procedure for Monitoring Grants Outside the U.S.: | Identifier |
| Explanation | Schedule F, Part I, Line 2: The Principal Investigator having responsibility for the grant monitors subcontractor performance based on the program's tasks and goals. The Principal Investigator reviews the performance before authorizing the subcontractor's invoice for payment. | Explanation |
Schedule G IRS990ScheduleG
| Field | Value | IRS element (for citing) |
|---|---|---|
| Mail Solicitations | X | MailSolicitations |
| Email Solicitations | X | EmailSolicitations |
| Phone Solicitations | X | PhoneSolicitations |
| In Person Solicitations | X | InPersonSolicitations |
| Solicitation Of Non Govt Grants | X | SolicitationOfNonGovtGrants |
| Special Fundraising Events | X | SpecialFundraisingEvents |
| Agreement Ref Fundraising | 1 | AgreementRefFundraising |
Fundraiser Activity Information FundraiserActivityInformation
Name Of Organization NameOfOrganization
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Stockade Consulting Group Inc | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Activity | Telemarketing | Activity |
| Fundraiser Control Of Funds | 0 | FundraiserControlOfFunds |
| Gross Receipts | 372098 | GrossReceipts |
| Amount Retained By Contractor | 159696 | AmountRetainedByContractor |
| Net To Organization | 212402 | NetToOrganization |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Gross Receipts | 372098 | TotalGrossReceipts |
| Total Retained By Contractors | 159696 | TotalRetainedByContractors |
| Total Net To Organization | 212402 | TotalNetToOrganization |
| Licensed States | AL | LicensedStates |
| Licensed States | AK | LicensedStates |
| Licensed States | AR | LicensedStates |
| Licensed States | CA | LicensedStates |
| Licensed States | CO | LicensedStates |
| Licensed States | CT | LicensedStates |
| Licensed States | DE | LicensedStates |
| Licensed States | FL | LicensedStates |
| Licensed States | GA | LicensedStates |
| Licensed States | HI | LicensedStates |
| Licensed States | ID | LicensedStates |
| Licensed States | IL | LicensedStates |
| Licensed States | IN | LicensedStates |
| Licensed States | IA | LicensedStates |
| Licensed States | KS | LicensedStates |
| Licensed States | KY | LicensedStates |
| Licensed States | LA | LicensedStates |
| Licensed States | ME | LicensedStates |
| Licensed States | MD | LicensedStates |
| Licensed States | MA | LicensedStates |
| Licensed States | MI | LicensedStates |
| Licensed States | MN | LicensedStates |
| Licensed States | MS | LicensedStates |
| Licensed States | MO | LicensedStates |
| Licensed States | MT | LicensedStates |
| Licensed States | MT | LicensedStates |
| Licensed States | NE | LicensedStates |
| Licensed States | NV | LicensedStates |
| Licensed States | NH | LicensedStates |
| Licensed States | NJ | LicensedStates |
| Licensed States | NM | LicensedStates |
| Licensed States | NY | LicensedStates |
| Licensed States | NC | LicensedStates |
| Licensed States | ND | LicensedStates |
| Licensed States | OH | LicensedStates |
| Licensed States | OK | LicensedStates |
| Licensed States | PA | LicensedStates |
| Licensed States | RI | LicensedStates |
| Licensed States | SC | LicensedStates |
| Licensed States | SD | LicensedStates |
| Licensed States | TN | LicensedStates |
| Licensed States | TX | LicensedStates |
| Licensed States | UT | LicensedStates |
| Licensed States | VT | LicensedStates |
| Licensed States | VA | LicensedStates |
| Licensed States | WA | LicensedStates |
| Licensed States | WV | LicensedStates |
| Licensed States | WI | LicensedStates |
| Licensed States | WI | LicensedStates |
| Licensed States | WY | LicensedStates |
Events Information EventsInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Event1 | Business Leader | NameOfEvent1 |
| Gross Receipts Event1 | 404200 | GrossReceiptsEvent1 |
| Charitable Contributions Event1 | 353950 | CharitableContributionsEvent1 |
| Gross Revenue Event1 | 50250 | GrossRevenueEvent1 |
| Rent Facility Costs Event1 | 15086 | RentFacilityCostsEvent1 |
| Food And Beverage Event1 | 24398 | FoodAndBeverageEvent1 |
| Other Direct Expenses Event1 | 132616 | OtherDirectExpensesEvent1 |
| Name Of Event2 | LeBow Dean's Cup | NameOfEvent2 |
| Gross Receipts Event2 | 134503 | GrossReceiptsEvent2 |
| Charitable Contributions Event2 | 95855 | CharitableContributionsEvent2 |
| Gross Revenue Event2 | 38648 | GrossRevenueEvent2 |
| Non Cash Prizes Event2 | 2700 | NonCashPrizesEvent2 |
| Rent Facility Costs Event2 | 34225 | RentFacilityCostsEvent2 |
| Food And Beverage Event2 | 16850 | FoodAndBeverageEvent2 |
| Other Direct Expenses Event2 | 24281 | OtherDirectExpensesEvent2 |
| Total Number Of Other Events | 3 | TotalNumberOfOtherEvents |
| Gross Receipts Other Events | 203411 | GrossReceiptsOtherEvents |
| Charitable Contrib Other Events | 157739 | CharitableContribOtherEvents |
| Gross Revenue Other Events | 45672 | GrossRevenueOtherEvents |
| Non Cash Prizes Other Events | 4025 | NonCashPrizesOtherEvents |
| Rent Facility Costs Other Events | 42087 | RentFacilityCostsOtherEvents |
| Food And Beverage Other Events | 36437 | FoodAndBeverageOtherEvents |
| Other Direct Expenses Other Events | 28237 | OtherDirectExpensesOtherEvents |
| Gross Receipts Total | 742114 | GrossReceiptsTotal |
| Charitable Contributions Total | 607544 | CharitableContributionsTotal |
| Gross Revenue Total Events | 134570 | GrossRevenueTotalEvents |
| Non Cash Prizes Total Events | 6725 | NonCashPrizesTotalEvents |
| Rent Facility Costs Total Events | 91398 | RentFacilityCostsTotalEvents |
| Food And Beverage Total Events | 77685 | FoodAndBeverageTotalEvents |
| Other Direct Expenses Total Events | 185134 | OtherDirectExpensesTotalEvents |
| Direct Expense Summary Events | 360942 | DirectExpenseSummaryEvents |
| Net Income Summary | -226372 | NetIncomeSummary |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | 1 | RecordsMaintained |
Recipient Table RecipientTable (117 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EIN Of RecipientEINOfRecipient | Amount Of Cash GrantAmountOfCashGrant | Purpose Of GrantPurposeOfGrant | IRC SectionIRCSection | Address Line2AddressUS/AddressLine2 |
|---|---|---|---|---|---|---|---|---|
| Abraxis LLC | ||||||||
| 54 Steamwhistle Drive | Warminster | PA | 18974 | 233004797 | 75000 | Research | ||
| Antenna Research Associates | ||||||||
| 12201 Indian Creek Court | Beltsville | MD | 20705 | 520784035 | 632861 | Research | ||
| Argon St Network Systems | ||||||||
| 12701 Fair Lakes Circle Suite 800 | Fairfax | VA | 22033 | 381873250 | 17849 | Applied communications and information networking program | ||
| Argonne National Laboratory | ||||||||
| 5801 S Ellis Avenue | Chicago | IL | 60637 | 680628477 | 65131 | Research | ||
| Baylor College of Medicine | ||||||||
| One Baylor Plaza | Houston | TX | 770303411 | 741613878 | 112604 | Research | 501(c)(3) | |
| Bloomsburg University | ||||||||
| 400 East Second Street | Bloomsburg | PA | 18660 | 232738930 | 16080 | Instruction | 501(c)(3) | |
| Brandeis University | ||||||||
| 415 South Street | Waltham | MA | 024549110 | 042103552 | 8195 | Instruction | 501(c)(3) | |
| Bryn Mawr College | ||||||||
| 101 North Merion Avenue | Bryn Mawr | PA | 191012899 | 231352621 | 135464 | Research | 501(c)(3) | |
| Cal Poly Corp | ||||||||
| Foundation Admin Bldg 15 | San Luis Obispo | CA | 93407 | 951648180 | 5073 | Research | ||
| California Pacific Medical Center | ||||||||
| 475 Brannan Street Suite | San Francisco | CA | 941075417 | 940562680 | 12226 | Research | 501(c)(3) | |
| Carnegie Mellon University | ||||||||
| 5000 Forbes Avenue | Pittsburgh | PA | 15213 | 250969449 | 110745 | Research | 501(c)(3) | |
| Case Western Reserve University | ||||||||
| 10900 Euclid Avenue | Cleveland | OH | 441067006 | 341018992 | 77185 | Research | 501(c)(3) | |
| Charles Loomis Chariss McAfee Architects Inc | ||||||||
| 1906 Rittenhouse Square | Philadelphia | PA | 19103 | 233025211 | 32413 | Engineering and design services for green infrastructure | ||
| Charleston County School District | ||||||||
| 3999 Bridge View Drive | North Charleston | SC | 29405 | 576000322 | 141216 | Instruction | County of Charleston | |
| Chestnut Hill College | ||||||||
| 9601 Germantown Avenue | Philadelphia | PA | 19118 | 231352626 | 4883 | Instruction | 501(c)(3) | |
| Cheyney University | ||||||||
| 1837 University Circle | Cheyney | PA | 19319 | 232478688 | 27343 | Alliance for minority participation | 501(c)(3) | |
| Childrens Hospital of Los Angeles | ||||||||
| 4650 Sunset Blvd | Los Angeles | CA | 90027 | 941690977 | 267791 | Research | 501(c)(3) | |
| Childrens Hospital of Philadelphia | ||||||||
| 34th Street Civic Center Blvd | Philadelphia | PA | 19104 | 231352166 | 184757 | Research | 501(c)(3) | |
| Cincinnati Children's Hopsital | ||||||||
| 3333 Burnet Avenue | Cincinnati | OH | 452293039 | 310833936 | 38104 | Research | 501(c)(3) | |
| Coalition of National Cancer Cooper | ||||||||
| 1818 Market Street Suite 1100 | Philadelphia | PA | 19103 | 232935628 | 180198 | Research | 501(c)(3) | |
| Colby College | ||||||||
| 4120 MayFlower Hill Drive | Waterville | ME | 04901 | 010211497 | 26888 | Research | 501(c)(3) | |
| Columbia University | ||||||||
| 615 West 131St Street 3rd Floor | New York | NY | 10027 | 135598093 | 186343 | Research | 501(c)(3) | |
| Community College of Philadelphia | ||||||||
| 1700 Spring Garden Street | Philadelphia | PA | 19130 | 232612698 | 38940 | Instruction | 501(c)(3) | |
| Cornell University | ||||||||
| 341 Pine Tree Road | Ithaca | NY | 14850 | 150532082 | 25000 | Research | 501(c)(3) | |
| Custom Manufacturing and Engineering Inc | ||||||||
| 3690 70th Avenue North | Pinellas Park | FL | 337814603 | 593406888 | 181424 | Applied communication and information networking program | ||
| CV Starr Research Foundation | ||||||||
| 30 Cooper Square 7th Floor | New York | NY | 10003 | 132879769 | 10000 | Research | 501(c)(3) | |
| Dana-Farber Cancer Institute | ||||||||
| 44 Binney Street BP414 | Boston | MA | 02115 | 042263040 | 233723 | Research | 501(c)(3) | |
| Delaware State University | ||||||||
| 1200 N DuPont Highway | Dover | DE | 19901 | 510305893 | 1055056 | Alliance for minority participation; research | 501(c)(3) | |
| Desert Research Institute | ||||||||
| 2215 Raggio Parkway | Reno | NV | 89512 | 886000024 | 79879 | Research | 501(c)(3) | |
| Duke University | ||||||||
| 324 Blackwell Street | Durham | NC | 27701 | 560532129 | 104550 | Research | 501(c)(3) | |
| Emory University | ||||||||
| 101 Woodruff Circle NE | Atlanta | GA | 30322 | 580566256 | 28019 | Research | 501(c)(3) | |
| Florida Atlantic University | ||||||||
| PO Box 3091 777 Glades Road | Buco Raton | FL | 334310991 | 650385507 | 15869 | Research | 501(c)(3) | |
| Florida State University | ||||||||
| A2200 University Center | Tallahassee | FL | 323062390 | 590917284 | 35490 | Transforming the internet public library | 501(c)(3) | |
| Franciscan Hospital for Children | ||||||||
| 30 Warren Street | Brighton | MA | 02135 | 042156082 | 6400 | Research | 501(c)(3) | |
| Geisinger Medical Center | ||||||||
| 100 North Academy Avenue | Danville | PA | 17822 | 240795959 | 56027 | Research | 501(c)(3) | |
| Georgia Tech Research Corp | ||||||||
| 711 Marietta Street | Atlanta | GA | 30318 | 586002023 | 205427 | Research | State of Georgia | |
| Greater Philadelphia Coalition Against Hunger | ||||||||
| 1725 Fairmount Avenue Unit 102 | Philadelphia | PA | 19130 | 262727680 | 7675 | Instruction | 501(c)(3) | |
| Hartzband Center for Hip & Knee Rep | ||||||||
| 10 Forest Avenue | Paramus | NJ | 07652 | 161635466 | 25000 | Research | ||
| Harvard University | ||||||||
| 1033 Massachusetts Avenue 2nd Floor | Cambridge | MA | 02138 | 042103580 | 76915 | Research | 501(c)(3) | Floor |
| Howard University | ||||||||
| 2400 6th Street NW | Washington | DC | 20059 | 530204707 | 85980 | Instruction | 501(c)(3) | |
| Institute for Hepatitis and Virus Research | ||||||||
| 3805 Old Easton Road | Doylestown | PA | 18902 | 061671347 | 14164 | Research | 501(c)(3) | |
| Iowa State University | ||||||||
| 3606 Admin Services Bldg | Ames | IA | 500113606 | 426004224 | 35302 | Research | 501(c)(3) | |
| John Hopkins University | ||||||||
| 8013 Corporate Drive Suite D | Baltimore | MD | 21236 | 520595110 | 949268 | Research | 501(c)(3) | |
| Kaiser Foundation Research | ||||||||
| 1800 Harrison Street 16th Floor | Oakland | CA | 94612 | 941105628 | 662224 | Research | 501(c)(3) | |
| KDH Electronics Systems | ||||||||
| 401 Broad Street | Johnstown | PA | 15906 | 200391151 | 455000 | Researach | ||
| Lincoln University | ||||||||
| 1570 Baltimore Pike | Lincoln University | PA | 19352 | 231352655 | 26276 | Alliance for minority participation | 501(c)(3) | |
| Louisiana State University | ||||||||
| 204 Thomas Boyd Hall | Baton Rouge | LA | 708032901 | 726000848 | 11742 | Library and information services during community-based disasters | 501(c)(3) | |
| Massachusetts Institute of Technology | ||||||||
| 77 Massachusetts Avenue | Cambridge | MA | 02139 | 042103594 | 32007 | Research | 501(c)(3) | |
| Medical Diagnostic Lab | ||||||||
| 2439 Kuser Road | Hamilton | NJ | 086903303 | 223510467 | 49341 | Research | ||
| Michigan State University | ||||||||
| 360 Administration Building | East Lansing | MI | 488241046 | 386005984 | 208629 | Research | 501(c)(3) | |
| Mission Critical Solutions LLC | ||||||||
| 271 Industrial Lance | Alum Bank | PA | 15521 | 261724532 | 418372 | Research | ||
| Mississippi State University | ||||||||
| PO Box 5307 | Mississippi State | MS | 39762 | 646000819 | 72045 | Research | 501(c)(3) | |
| Mobile County Public School | ||||||||
| 1 Magnum Pass | Mobile | AL | 36618 | 636000774 | 282478 | Instruction | 501(c)(3) | |
| National Bureau of Economic Research | ||||||||
| 1050 Massachusetts Avenue | Cambridge | MA | 02138 | 131641075 | 99840 | Research | 501(c)(3) | |
| National Development and Research Instituted Inc | ||||||||
| 71 W 23rd Street 8th Floor | New York | NY | 10010 | 237009089 | 140220 | Research | 501(c)(3) | |
| National Jewish Medical & Research | ||||||||
| 1400 Jackson Street | Denver | CO | 80206 | 742044647 | 42486 | Research | 501(c)(3) | |
| Navmar Applied Science Corporation | ||||||||
| 65 W Street Road Bldc C | Warminster | PA | 18974 | 232054431 | 89085 | Research | ||
| Nemours Childrens Clinic | ||||||||
| 1600 Rockland Road | Wilmington | DE | 19803 | 590634433 | 39144 | Research | 501(c)(3) | |
| New Jersey Institute of Technology | ||||||||
| 2000 Pennington Road | Ewing | NJ | 086280718 | 222797398 | 41788 | Alliance for minority participation | 501(c)(3) | |
| New Mexico State University | ||||||||
| PO Box 30001 MSC 3AA | Las Cruces | NM | 880038001 | 856000401 | 65994 | Research | State University | |
| Northeastern University | ||||||||
| 360 Huntington Avenue | Boston | MA | 02115 | 041679980 | 77336 | Research | 501(c)(3) | |
| Northwestern University | ||||||||
| 2001 Sheridan Road Leverone 371 | Evanston | IL | 60208 | 362167817 | 41570 | Research | 501(c)(3) | |
| Oregon Research Institute | ||||||||
| 1715 Franklin Blvd | Eugene | OR | 97403 | 930495655 | 9782 | Research | 501(c)(3) | |
| Pennsylvania State University | ||||||||
| James M Elliott Building Suite 202 | University Park | PA | 16802 | 246000376 | 62437 | Research | 501(c)(3) | |
| Philadelphia Health Management Corp | ||||||||
| 260 South Broad Street 18th Floor | Philadelphia | PA | 191025085 | 237221025 | 134856 | Instruction | 501(c)(3) | |
| ProServices Corp | ||||||||
| 700 S Clinton Avenue | Trenton | NJ | 08611 | 223845815 | 254746 | Applied communications and information networking program | ||
| Public Health Institute | ||||||||
| 555 12th Street 10th Floor | Oakland | CA | 946074046 | 941646278 | 49237 | Research | 501(c)(3) | |
| Purdue University | ||||||||
| 401 S Grant Street | West Lafayette | IN | 47907 | 356002041 | 65642 | Research | 501(c)(3) | |
| QCom Inc | ||||||||
| 475 Route 520 Suite 200 | Marlboro | NJ | 07746 | 223418893 | 74745 | Applied communications and information networking program | ||
| Regents of University of California | ||||||||
| One Shields Avenue | Davis | CA | 95616 | 946036494 | 699416 | Research | 501(c)(3) | |
| Research Foundation | ||||||||
| 230 West 41 Street | New York | NY | 10036 | 131988190 | 6000 | Research | 501(c)(3) | |
| Rothman Institute | ||||||||
| PO Box 757910 | Philadelphia | PA | 191757910 | 232856880 | 61787 | Research | 501(c)(3) | |
| Rowan University | ||||||||
| 201 Mullica Hill Road | Glassboro | NJ | 08028 | 222764819 | 57287 | Research | 501(c)(3) | |
| Saint Francis University | ||||||||
| 500 Wilcox Street | Joliet | IL | 60435 | 362170999 | 200795 | Research | 501(c)(3) | |
| Savannah River Nuclear Solutions LLC | ||||||||
| PO Box 6809 | Aiken | SC | 29808 | 260240191 | 12993 | Research | ||
| St Louis University | ||||||||
| 3545 Lindell Blvd | St Louis | MO | 63103 | 430654872 | 9056 | Research | 501(c)(3) | |
| St Luke's-Roosevelt Hospital Center | ||||||||
| 1111 Amsterdam Avenue | New York | NY | 10025 | 132997301 | 134748 | Research | 501(c)(3) | |
| Stanford University | ||||||||
| 3145 Porter Drive | Palo Alto | CA | 94304 | 941156365 | 29218 | Research | 501(c)(3) | |
| Swarthmore College | ||||||||
| 500 College Avenue | Swarthmore | PA | 19081 | 231352683 | 20688 | Instruction | 501(c)(3) | |
| Temple University | ||||||||
| 1805 N Broad Street | Philadelphia | PA | 19122 | 231365971 | 443580 | Alliance for minority participation | 501(c)(3) | |
| Texas Engineering Experiment Station | ||||||||
| 3124 TAMU | College Station | TX | 778433124 | 741974733 | 99543 | Research | State of Texas | |
| Texas Health Institute | ||||||||
| 8501 N Mopac Expressway Suite 300 | Austin | TX | 78759 | 742237787 | 55296 | Research | 501(c)(3) | |
| The Tor Project | ||||||||
| 969 Main Street Suite 206 | Walpole | MA | 02081 | 208096820 | 127178 | Research | 501(c)(3) | |
| Thomas Jefferson University | ||||||||
| 1020 Walnut Street | Philadelphia | PA | 19107 | 231352651 | 77426 | Research | 501(c)(3) | |
| Treadstone | ||||||||
| 201 Washington Road | Princeton | NJ | 08540 | 204535455 | 102087 | Applied communications and information networking program | ||
| Trustees of Princeton University | ||||||||
| PO Box 35 6th Floor New South | Princeton | NJ | 08544 | 210634501 | 25000 | Instruction | 501(c)(3) | |
| Trustees of University of Pennsylvania | ||||||||
| 3451 Walnut Street | Philadelphia | PA | 19104 | 231352685 | 1480196 | Research and instruction | 501(c)(3) | |
| US Department of Commerce | ||||||||
| 100 Bureau Drive MS 1624 | Gaithersburg | MD | 20899 | 530205706 | 171599 | Research | Federal Government | |
| United Way of Southeastern Pennsylvania | ||||||||
| 1709 Bengamin Franklin Parkway | Philadelphia | PA | 19103 | 231556045 | 5716 | Instruction | 501(c)(3) | |
| University Corp for Atmospheric | ||||||||
| 1850 Table Mesa Drive PO Box 3000 | Boulder | CO | 803073000 | 840412668 | 7583 | Research | 501(c)(3) | |
| University of Arizona | ||||||||
| 888 N Euclid Avenue Room 502 PO Box | Tucson | AZ | 857223310 | 742652689 | 25391 | Research | 501(c)(3) | 3310 |
| University of California | ||||||||
| One Shields Avenue | Davis | CA | 95616 | 946036494 | 153060 | Research | 501(c)(3) | |
| University of Chicago | ||||||||
| 5801 S Ellis Avenue | Chicago | IL | 60637 | 362177139 | 125917 | Research | 501(c)(3) | |
| University of Delaware | ||||||||
| 222 South Chapel Street | Newark | DE | 19716 | 516000297 | 8002 | Alliance for minority participation | 501(c)(3) | |
| University of Hawaii | ||||||||
| 2530 Dole Street Sakamaki D200 | Honolulu | HI | 96822 | 996000354 | 71356 | Research | 501(c)(3) | |
| University of Illinois | ||||||||
| 506 S Wright 209 HAB MC339 | Urbana | IL | 61801 | 376000511 | 176980 | Research | 501(c)(3) | |
| University of Iowa | ||||||||
| 305 Plaza Centre One Business | Iowa City | IA | 522421418 | 426004813 | 5933 | Research | 501(c)(3) | Office |
| University of Louisville | ||||||||
| 501 E Broadway Medcenter One Suite | Louisville | KY | 402021798 | 611029626 | 11858 | Research | 501(c)(3) | 200 |
| University of Maryland | ||||||||
| 220 Arch Street 13th Floor Room | Baltimore | MD | 21201 | 526002033 | 100195 | Research | 501(c)(3) | 02-128 |
| University of Medicine and Dentistry | ||||||||
| PO Box 3009 | Newark | NJ | 071030009 | 221775306 | 9080 | Research | State University | |
| University of Minnesota | ||||||||
| 1300 S 2nd Street Room 288 | Minneapolis | MN | 55454 | 416007513 | 225746 | Research | 501(c)(3) | |
| University of Missouri | ||||||||
| 325 Jesse Hall | Columbia | MO | 65211 | 436003859 | 40000 | Research | 501(c)(3) | |
| University of Montana | ||||||||
| 32 Campus Drive 1800 | Missoula | MT | 59812 | 816001713 | 43027 | Research | State Funded | |
| University of Pittsburgh | ||||||||
| 116 Atwood Street Suite 201 | Pittsburgh | PA | 15260 | 250965591 | 24626 | Pennsylvania criminal justice program | 501(c)(3) | |
| University of Tennessee | ||||||||
| 301 Andy Holt Tower | Knoxville | TN | 379960100 | 626001636 | 180532 | Instruction | 501(c)(3) | |
| University of Texas Health Science Center at El Paso | ||||||||
| 500 W University Avenue | El Paso | TX | 79968 | 746000813 | 39238 | Research | 501(c)(3) | |
| University of Texas Health Science Center at San Antonio | ||||||||
| 7703 Floyd Curl Drive | San Antonio | TX | 782293900 | 741586031 | 76665 | Research | 501(c)(3) | |
| University of Texas Health Center at Tyler | ||||||||
| 11937 US Highway 271 | Tyler | TX | 757083154 | 756001354 | 133219 | Research | 501(c)(3) | |
| University of Texas Medical Branch | ||||||||
| 301 University Boulevard | Galveston | TX | 775550133 | 746000949 | 93789 | Research | 501(c)(3) | |
| University of Washington | ||||||||
| 3903 Brooklyn Avenue NE | Seattle | WA | 981056694 | 916001537 | 244929 | Research | 501(c)(3) | |
| US Victory Veteran Systems LLC | ||||||||
| 200 Federal Street Suite 300 | Camden | NJ | 08103 | 208204988 | 46526 | Applies communications and information networking program | ||
| Utah State University | ||||||||
| 2400 Old Main Hill | Logan | UT | 843222400 | 876000528 | 17679 | Research | 501(c)(3) | |
| Virginia Polytech Institute | ||||||||
| 201 Southgate Center | Blacksburg | VA | 24061 | 546001805 | 96453 | Research | State of Virginia | |
| West Texas A & M University | ||||||||
| WT Box 60999 | Canyon | TX | 79016 | 756031405 | 89232 | Research | 501(c)(3) | |
| Widener University | ||||||||
| One University Place | Chester | PA | 19013 | 231386178 | 10000 | Instruction | 501(c)(3) | |
| Rantercom LLC | ||||||||
| 88 Ramsgate Court | Blue Bell | PA | 19422 | 270604624 | 8000 | Incubator competition award | ||
| Stabiliz Orthopaedic LLC | ||||||||
| 422 Sabine Avenue | Wynnewood | PA | 19096 | 270872594 | 12000 | Incubator competition and business plan award | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Nbr Of501 C3 And Govt Grants | 98 | TotalNbrOf501C3AndGovtGrants |
| Total Nbr Of Other Organizations | 19 | TotalNbrOfOtherOrganizations |
Form990 Schedule I Part III Form990ScheduleIPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Type Of Grant | Scholarships and awards | TypeOfGrant |
| Number Of Recipients | 12013 | NumberOfRecipients |
| Amount Of Cash Grant | 134577028 | AmountOfCashGrant |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Procedure for Monitoring Grants in the U.S.: | Identifier |
| Return Reference | Part I, Line 2: | ReturnReference |
| Explanation | Schedule I, Part I, Line 2: The Principal Investigator having responsibility for the grant monitors subcontractor performance based on the program's tasks and goals. The Principal Investigator reviews the performance before authorizing the subcontractor's invoice for payment. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| First Class Or Charter Travel | X | FirstClassOrCharterTravel |
| Travel For Companions | X | TravelForCompanions |
| Idemnification Gross Up Payments | X | IdemnificationGrossUpPayments |
| Housing Allowance Or Residence | X | HousingAllowanceOrResidence |
| Club Dues Or Fees | X | ClubDuesOrFees |
| Written Policy Re T And E Expenses | 0 | WrittenPolicyReTAndEExpenses |
| Substantiation Required | 1 | SubstantiationRequired |
| Compensation Committee | X | CompensationCommittee |
| Independent Consultant | X | IndependentConsultant |
| Form990 Of Other Organizations | X | Form990OfOtherOrganizations |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | 1 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 0 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | 0 | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | 0 | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | 0 | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | 0 | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | 0 | AnyNonFixedPayments |
| Initial Contract Exception | 0 | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII (18 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 | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg | Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs | Total Compensation Filing OrgTotalCompensationFilingOrg | Total Compensation Related OrgsTotalCompensationRelatedOrgs |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Celestino R Pennoni | |||||||||||||
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Thomas Elzey | |||||||||||||
| 314139 | 0 | 80000 | 0 | 79014 | 0 | 26950 | 0 | 12305 | 0 | 456898 | 0 | 512408 | 0 |
| Michael J Exler Esq | |||||||||||||
| 224299 | 0 | 35000 | 0 | 0 | 0 | 22050 | 0 | 12249 | 0 | 231008 | 0 | 293598 | 0 |
| Mark Greenberg | |||||||||||||
| 400743 | 0 | 80000 | 0 | 5136 | 0 | 26950 | 0 | 12305 | 0 | 355468 | 0 | 525134 | 0 |
| Carl Oxholm III Esq | |||||||||||||
| 367563 | 0 | 100000 | 0 | 45487 | 0 | 43450 | 0 | 9111 | 0 | 429365 | 0 | 565611 | 0 |
| Elizabeth Dale | |||||||||||||
| 318067 | 0 | 120000 | 0 | 8001 | 0 | 26950 | 0 | 6574 | 0 | 393805 | 0 | 479592 | 0 |
| James Tucker | |||||||||||||
| 291610 | 0 | 55000 | 0 | 6340 | 0 | 26950 | 0 | 563 | 0 | 355864 | 0 | 380463 | 0 |
| Joan McDonald | |||||||||||||
| 244860 | 0 | 40000 | 0 | 6038 | 0 | 26950 | 0 | 4860 | 0 | 291931 | 0 | 322708 | 0 |
| Selcuk Guceri PhD | |||||||||||||
| 316727 | 0 | 0 | 0 | 0 | 0 | 26950 | 0 | 9725 | 0 | 340048 | 0 | 353402 | 0 |
| John A Bielec PhD | |||||||||||||
| 280243 | 0 | 37000 | 0 | 17876 | 0 | 26950 | 0 | 1019 | 0 | 353055 | 0 | 363088 | 0 |
| Ralph Walkling PhD | |||||||||||||
| 363401 | 0 | 0 | 0 | 0 | 0 | 26950 | 0 | 12305 | 0 | 387300 | 0 | 402656 | 0 |
| George Tsetsekos PhD | |||||||||||||
| 374240 | 0 | 0 | 0 | 0 | 0 | 26950 | 0 | 12305 | 0 | 395913 | 0 | 413495 | 0 |
| Roger Dennis Esq | |||||||||||||
| 330575 | 0 | 0 | 0 | 0 | 0 | 26950 | 0 | 515 | 0 | 353532 | 0 | 358040 | 0 |
| James Flint Jr | |||||||||||||
| 327348 | 0 | 10000 | 0 | 1637 | 0 | 22050 | 0 | 12305 | 0 | 0 | 0 | 373340 | 0 |
| Constantine N Papadakis PhD | |||||||||||||
| 195726 | 0 | 345000 | 0 | 4326616 | 0 | 32450 | 0 | 12335 | 0 | 1626092 | 0 | 4912127 | 0 |
| Adele Barbato | |||||||||||||
| 100590 | 0 | 50000 | 0 | 184498 | 0 | 16489 | 0 | 2838 | 0 | 356077 | 0 | 354415 | 0 |
| Peter Frisko | |||||||||||||
| 201641 | 0 | 0 | 0 | 0 | 0 | 18468 | 0 | 6089 | 0 | 210061 | 0 | 226198 | 0 |
| Donna Murasko PhD | |||||||||||||
| 303077 | 0 | 0 | 0 | 0 | 0 | 26950 | 0 | 8878 | 0 | 321590 | 0 | 338905 | 0 |
Form990 Schedule J Part III Form990ScheduleJPartIII (4 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| Part I, Line 1a | University policy authorizes business- or first-class travel for all employees when flights exceed five hours in duration with the appropriate approval in advance. The Interim President received social club memberships for business-related activities. All of the above were treated as non-taxable compensation. The Treasurer received tax indemnification for taxable tuiton remission benefits and personal use of his University vehicle. The Dean/CEO received travel for a companion and the Chief Information Officer received a housing allowance, both treated as taxable compensation. Social club dues for business-related activities were provided for the Senior Vice President for Institutional Advancement, Former Interim Vice President for Institutional Advancement and Dean of the LeBow College of Business, treated as non-taxable compensation. | |
| Part I, Line 1b | Tax indeminification was approved by the Interim President for the Treasurer. Housing allowances and social club memberships were approved by the Interim President or Provost. | |
| Part I, Line 4a | The former Senior Vice President for Human Resources received a severance in the amount of $176,667. | |
| Part III | Part II, Column (B)(iii) - In November 2009, Drexel University made a payment to the spouse of its former President, Dr. Constantine Papadakis, who died in April 2009, in the amount of $4.2 million representing benfits under a nonqualified deferred compensation arrangement provided by Drexel to Dr. Papadakis. This payment is reflected in reportable compensation shown for Dr. Papadakis in Part II, Column (B)(iii). The portion of the payment that was previously reported as deferred compensation for Dr. Papadakis for calendar year 2008 is reported in Column (F). | Supplemental Information |
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 |
|---|---|---|---|---|---|---|
| Pennsylvania Higher Educational Facilities Authority | ||||||
| 232243852 | 70917NSA3 | 2003-02-03 | 31548242 | Advance refunding 1993 tax-exempt bonds | 0 | 0 |
| Pennsylvania Higher Educational Facilities Authority | ||||||
| 232243852 | 70917NZZ0 | 2003-12-11 | 23000000 | Queen Lane acquisition/renovations/equipment | 0 | 0 |
| Pennsylvania Higher Educational Facilities Authority | ||||||
| 232243852 | 70917N3B8 | 2005-02-16 | 31712476 | Capital improvements/equipment | 0 | 0 |
| Pennsylvania Higher Educational Facilities Authority | ||||||
| 232243852 | 70917N3M4 | 2005-02-16 | 29599669 | Advance refunding 1997 & 1999 | 0 | 0 |
| Pennsylvania Higher Educational Facilities Authority | ||||||
| 232243852 | 70917RMJ1 | 2007-10-04 | 96463410 | Laboratory/dormitory/Wellness Center/improvements/equipment | 0 | 0 |
Form990 Schedule K Part II Form990ScheduleKPartII (5 entries)
| Current RefundingCurrentRefunding | Advance RefundingAdvanceRefunding | Final Allocation MadeFinalAllocationMade | Adequate Books And Recds MaintaindAdequateBooksAndRecdsMaintaind | Total ProceedsTotalProceeds | Amount UnspentAmountUnspent | Capital ExpendituresCapitalExpenditures |
|---|---|---|---|---|---|---|
| 0 | 1 | 1 | 1 | |||
| 0 | 0 | 1 | 1 | |||
| 0 | 0 | 0 | 0 | 3357007 | 3357007 | 82977 |
| 0 | 1 | 1 | 1 | |||
| 0 | 0 | 0 | 0 | 33034098 |
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 | Post Issuance Compliance ProcdrsPostIssuanceComplianceProcdrs | Prcntge Prvt Business Use By OthersPrcntgePrvtBusinessUseByOthers | Total Private Business UseTotalPrivateBusinessUse | Percentage Of Prvt Business Re UBIPercentageOfPrvtBusinessReUBI |
|---|---|---|---|---|---|---|---|---|
| 0 | 0 | 1 | 1 | 1 | 1 | |||
| 0 | 0 | 1 | 1 | 1 | 1 | 0.02200 | 0.02200 | |
| 0 | 1 | 1 | 1 | 1 | 1 | 0.00040 | 0.00040 | |
| 0 | 0 | 1 | 1 | 1 | 1 | 0.00120 | 0.00120 | |
| 0 | 0 | 1 | 1 | 1 | 1 |
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 | Term Of HedgeTermOfHedge |
|---|---|---|---|---|---|---|
| (no name) | ||||||
| 1 | 0 | 0 | 0 | 0 | 0 | |
| (no name) | ||||||
| 1 | 1 | 0 | 0 | 0 | 0 | |
| (no name) | ||||||
| 1 | 0 | 0 | 0 | 1 | 0 | |
| Wachovia Bank NA | ||||||
| 1 | 1 | 1 | 0 | 0 | 0 | 19.800000000000 |
| (no name) | ||||||
| 1 | 0 | 0 | 0 | 1 | 0 | |
Schedule K IRS990ScheduleK
Form990 Schedule K Part I Form990ScheduleKPartI
Issuer Name IssuerName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Pennsylvania Higher Educational Facilities Authority | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Issuer EIN | 232243852 | IssuerEIN |
| CUSIP Number | 70917RNP6 | CUSIPNumber |
| Date Issued | 2007-10-04 | DateIssued |
| Issue Price | 30000000 | IssuePrice |
| Description Of Purpose | Laboratory/dormitory/Wellness Center/improvements/equipment | DescriptionOfPurpose |
| Defeased | 0 | Defeased |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuer |
Form990 Schedule K Part II Form990ScheduleKPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Proceeds | 11738811 | TotalProceeds |
| Amount Unspent | 11738811 | AmountUnspent |
| Capital Expenditures | 16341315 | CapitalExpenditures |
| Current Refunding | 0 | CurrentRefunding |
| Advance Refunding | 0 | AdvanceRefunding |
| Final Allocation Made | 0 | FinalAllocationMade |
| Adequate Books And Recds Maintaind | 0 | AdequateBooksAndRecdsMaintaind |
Form990 Schedule K Part III Form990ScheduleKPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Owning Bond Financed Property | 0 | OwningBondFinancedProperty |
| Any Lease Arrangements | 0 | AnyLeaseArrangements |
| Mngment Cntrct Bond Financd Prprty | 1 | MngmentCntrctBondFinancdPrprty |
| Any Research Agreements | 1 | AnyResearchAgreements |
| Bond Counsel Routinely Engaged | 1 | BondCounselRoutinelyEngaged |
| Post Issuance Compliance Procdrs | 1 | PostIssuanceComplianceProcdrs |
Form990 Schedule K Part IV Form990ScheduleKPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form8038 T Filed | 1 | Form8038TFiled |
| Variable Rate Issue | 1 | VariableRateIssue |
| Hedge Identified In Books And Recds | 0 | HedgeIdentifiedInBooksAndRecds |
| Gross Proceeds Invested In GIC | 0 | GrossProceedsInvestedInGIC |
| Gross Proceeds Invested | 1 | GrossProceedsInvested |
| Exception To Rebate | 0 | ExceptionToRebate |
Schedule L IRS990ScheduleL
Form990 Schedule L Part IV Form990ScheduleLPartIV (6 entries)
| RelationshipRelationship | Amount Of TransactionAmountOfTransaction | Description Of TransactionDescriptionOfTransaction | Sharing Of RevenuesSharingOfRevenues |
|---|---|---|---|
| PECO Energy Company | |||
| Trustee | 6138047 | Electricity | 0 |
| Pennoni Associates Inc | |||
| Interim President | 171291 | Engineering services | 0 |
| Geoffrey A Oxholm | |||
| Family member of key employee | 19385 | Compensation | 0 |
| Wachovia Bank NA | |||
| Trustee | 133333 | Fees | 0 |
| Wells Fargo | |||
| Trustee | 297548 | Fees | 0 |
| Dr Mimi B Sheller | |||
| Family member of Trustee | 79415 | Compensation | 0 |
Schedule M IRS990ScheduleM
Works Of Art WorksOfArt
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 1 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 1114466 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | Fair market value | MethodOfDeterminingRevenues |
Securities Publicly Traded SecuritiesPubliclyTraded
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 24 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 6311500 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | Fair market value | MethodOfDeterminingRevenues |
Other Non Cash Contributions Table OtherNonCashContributionsTable
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Description | Equipment | Description |
| Number Of Contributions | 1 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 14000 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | Fair market value | MethodOfDeterminingRevenues |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of8283 Received | 6 | NumberOf8283Received |
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeld |
| Review Process Unusual NC Gifts | 1 | ReviewProcessUnusualNCGifts |
| Third Parties Used | 1 | ThirdPartiesUsed |
Form990 Schedule M Part II Form990ScheduleMPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Third Party Use: | Identifier |
| Return Reference | Part I, Line 32b: | ReturnReference |
| Explanation | Drexel University occasionally hires third-party auctioneers to sell non-cash contributions for a prenegotiated percentage of the sales price. | Explanation |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (8 entries)
| IdentifierIdentifier | ExplanationExplanation | Return ReferenceReturnReference |
|---|---|---|
| Form 990, Part VI | Part VI, Section B, line 16b Evaluation of Joint Venture Arrangements The University is in the process of implementing a policy for evaluating joint venture arrangements to insure that such arrangements are consistent with the University's tax-exempt mission. | |
| Form 990, Part VI, Section B, line 11 | Form 990 is prepared by the Comptroller's Office and submitted to the Senior Vice President for Finance/Treasurer/Chief Financial Officer for review and signing. Prior to filing, Form 990 and all required schedules ultimately filed with the Internal Revenue Service were available to each member of the Board of Trustees for their review and comment. | |
| Form 990, Part VI, Section B, line 12c | Drexel University's conflict of interest policy applies to all employees (whether a key employee or not), officers, and trustees of the university. The conflict of interest policy is intended to satisfy compliance requirements and guide University personnel in avoiding those situations that can result in a conflict of interest or commitment. The key to avoiding those situations that can result in a conflict of interest or commitment is to make constituents aware of what constitutes a conflict of interest and for them to disclose potential situations before the activity is undertaken. The format for the disclosure is for each employee, officer or trustee to complete a questionnaire annually. The completed questionnaire is submitted to the Human Resources Department in the case of employees and reviewed by the Office of the General Counsel. Completed questionnaires for officers and trustees are submitted directly to the Office of the General Counsel for review. After review a determination is made as to whether a conflict of interest exists and at what level. Those conflicts that are determined to be detrimental to the University are discussed with the employee and the employee is encouraged to terminate the activity. Employees who willingly or otherwise continue to violate the conflict of interest policy are subject to disciplinary action up to and including suspension without pay, demotion or termination of employment. In the case of trustees, a conflict of interest questionnaire is mailed annually. Trustees are required to complete the questionnaire and disclose any interests in any corporation, partnership or other organization in which they own or control 5% or more of the entity. It is the policy of the University not to contract with or enter into a commercial relationship with any Trustee or corporation, partnership, proprietorship or other organization in which such Trustee has an interest as an officer, director, partner, employee, owner, or controlling stockholder. | |
| Form 990, Part VI, Section B, line 15 | Drexel is committed to compensating its executive team at a fair and competitive level. To meet this goal, Drexel University's Human Resources Department conducted an executive compensation analysis in fall 2009 using the College and University Professional Association of Human Resources (CUPA) Survey and IRS Form 990 information as they relate to the University's peer groups. Positions included in the analysis were the President, Secretary, Treasurer, Senior Vice Presidents, Chief Information Officer and highly-paid Deans. Using the executive compensation analysis, a third-party advisor prepared a report and submitted the report to the Executive Compensation Committee of the Board of Trustees (the Committee) along with certain performance criteria. The compensation analysis served as the basis for the Interim President's recommendations for University executives. The third-party advisor provided the Committee with a letter on the appropriateness of the decision-making process and reasonableness of the proposed compensation. All compensation was approved by the Executive Compensation Committee of the Board of Trustees prior to becoming effective on January 1, 2010. The Interim President waived his compensation for the duration of his term. | |
| Form 990, Part VI, Section C, line 19 | Drexel University makes its governing documents, conflict of interest policy and financial statements available to the public in a variety of ways. The conflict of interest policy and financial statements are available on its website, and its governing documents are available upon request. | |
| Form 990, Part VII | Thomas Elzey - 5036 Camburn Road, Plymouth Meeting, PA 19462. Adele Barbato - 3650 Daylilly Way, Huntingdon Valley, PA 19006. | Contact Addresses for Officers, Directors, Etc |
| Part XI, line 2c | The Audit Committee of the Board of Trustees has responsibility for selecting the independent accountant and overseeing the audit. This process has not changed from the prior year. | Oversight of the Audit |
| Schedule K Supplental Information | The 2007 Series A and B bonds are multi-sourced issues for multiple projects, and the final allocation of equity and bond proceeds was not made as of June 30, 2010. Projects funded by both series were not complete as of that date, and the total funding sources had not been spent. Final allocation of the equity and bond proceeds will occur after all projects are placed in service. Our interpretation of the instructions is to accumulate the bond proceeds over the past twelve months. |
Schedule R IRS990ScheduleR
Form990 Schedule R Part II Form990ScheduleRPartII (3 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EINEIN | Primary ActivitiesPrimaryActivities | Legal Domicile StateLegalDomicileState | Exempt Code SectionExemptCodeSection | Public Charity StatusPublicCharityStatus | Direct Controlling Entity NADirectControllingEntityNA | Business Name Line1DirectControllingEntityName/BusinessNameLine1 |
|---|---|---|---|---|---|---|---|---|---|---|
| Philadelphia Health & Education Corp dba Drexel Univ College of Medicine | ||||||||||
| 245 N 15th St | Philadelphia | PA | 19102 | 232979433 | Education, Patient Care and Medical Research | PA | Section 501(c)(3) | Ln 2 - School | N/A | |
| Academic Assets Inc | ||||||||||
| 3601 Powelton Ave LL | Philadelphia | PA | 19104 | 232455915 | Holding company | PA | Section 501(c)(3) | Ln 11c - Type III-FI | N/A | |
| Academic Properties Inc | ||||||||||
| 3601 Powelton Ave LL | Philadelphia | PA | 19104 | 232411680 | Student housing | PA | Section 501(c)(3) | Ln 11c - Type III-FI | Academic Assets Inc | |
Form990 Schedule R Part IV Form990ScheduleRPartIV (3 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EINEIN | Primary ActivityPrimaryActivity | Legal Domicile StateLegalDomicileState | Direct Controlling Entity NADirectControllingEntityNA | Type Of EntityTypeOfEntity | Percentage OwnershipPercentageOwnership | Business Name Line1DirectControllingEntityName/BusinessNameLine1 | Share Of Total IncomeShareOfTotalIncome | Share Of EOY AssetsShareOfEOYAssets |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Drexel e-learning Inc | ||||||||||||
| 3001 Market St Suite 300 | Philadelphia | PA | 19104 | 233068200 | Distance learning and online courses | PA | N/A | C | 1.00000 | |||
| Janus Housing Corp | ||||||||||||
| 3601 Powelton Ave LL | Philadelphia | PA | 19104 | 043721325 | Inactive | PA | C | 1.00000 | Academic Properties Inc | |||
| Schuylkill Crossing Ltd | ||||||||||||
| 76 St Paul St Suite 500 | Burlington | VT | 05401 | 743090959 | Liability insurance | VT | C | 0.13000 | Philadelphia Health & Education Corp | 131000 | 4197648 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Ann Rents Royalties | 1 | ReceiptOfIntAnnRentsRoyalties |
| Gift Grant Or Cap Contr To Other Org | 1 | GiftGrantOrCapContrToOtherOrg |
| Gift Grant Or Cap Contr Fr Other Org | 0 | GiftGrantOrCapContrFrOtherOrg |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrg |
| Loans Or Guarantees From Other Org | 0 | LoansOrGuaranteesFromOtherOrg |
| Sale Of Assets To Other Org | 0 | SaleOfAssetsToOtherOrg |
| Purchase Of Assets From Other Org | 0 | PurchaseOfAssetsFromOtherOrg |
| Exchange Of Assets | 0 | ExchangeOfAssets |
| Rental Of Facilities To Other Orgs | 0 | RentalOfFacilitiesToOtherOrgs |
| Rental Of Facilities Fr Other Orgs | 1 | RentalOfFacilitiesFrOtherOrgs |
| Perform Of Services For Other Orgs | 1 | PerformOfServicesForOtherOrgs |
| Perform Of Services By Other Orgs | 1 | PerformOfServicesByOtherOrgs |
| Sharing Of Facilities | 0 | SharingOfFacilities |
| Sharing Of Paid Employees | 0 | SharingOfPaidEmployees |
| Reimbursement Paid To Other Org | 1 | ReimbursementPaidToOtherOrg |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrg |
| Other Transfer To Other Org | 1 | OtherTransferToOtherOrg |
| Other Transfer From Other Org | 1 | OtherTransferFromOtherOrg |
Transactions Related Orgs Table TransactionsRelatedOrgsTable (14 entries)
| Transaction TypeTransactionType | Amount InvolvedAmountInvolved |
|---|---|
| Philadelphia Health & Education Corp | |
| J | 2787000 |
| Academic Properties Inc | |
| J | 1627000 |
| Schuylkill Crossing Reciprocal Risk Retention Group | |
| O | 1000000 |
| Schuylkill Crossing Reciprocal Risk Retention Group | |
| R | 971000 |
| Academic Properties Inc | |
| A | 120000 |
| Philadelphia Health & Education Corp | |
| K | 11382000 |
| Philadelphia Health & Education Corp | |
| L | 3939000 |
| Academic Properties Inc | |
| L | 119000 |
| Philadelphia Health & Education Corp | |
| O | 10261000 |
| Schuylkill Crossing Reciprocal Risk Retention Group | |
| B | 126000 |
| Philadelphia Health & Education Corp | |
| R | 1612000 |
| Philadelphia Health & Education Corp | |
| Q | 53023000 |
| Drexel e-Learning Inc | |
| Q | 16604000 |
| Philadelphia Health & Education Corp | |
| B | 11382000 |
Comments