2011-04-28T08:59:58-04:00 2010-06-30 GRANT THORNTON LLP 2001 MARKET STREET SUITE 3100 PHILADELPHIA PA 19103 990 2009-07-01 231352668 UNIVERSITY OF THE SCIENCES IN PHILADELPHIA F/K/A PHILA COLLEGE OF PHARMACY AND SCIENCE UNIV 2155968862 600 SOUTH 43RD STREET PHILADELPHIA PA 191044495 JOSEPH G TRAINOR 2155968862 2011-04-26 true 2155614200 2009 2016-02-24 21:20:13Z Joseph Trainor 600 SOUTH 43RD STREET PHILADELPHIA PA 191044495 160961614 false X www.usciences.edu X 1821 PA THE PROVISION OF EDUCATION IN HEALTH & NATURAL SCIENCES 22 22 1817 66 547392 -679035 4889069 7838736 97045951 100308943 1135181 5108479 1678814 1030081 104749015 114286239 23065182 24312552 0 0 48326188 49348694 0 0 2707041 33217782 33715028 104609152 107376274 139863 6909965 278259126 293043912 134610849 132441630 143648277 160602282 The mission of University of the Sciences in Philadelphia is to educate students to become leaders and innovators in the sciences, the health professions, and emerging related disciplines. Building on our legacy as the nations first college of pharmacy, we provide excellence in teaching, research, and service. We accomplish our mission by achieving the following objectives: Our graduates will have the knowledge, skills, and values to be successful in their professional careers. Through academic and personal development, our graduates will gain the intellectual, cultural, and ethical understanding and awareness needed to become leaders and innovators in a global society. Our students will embrace the value of service. The University will promote the advancement and dissemination of knowledge through teaching, research, and scholarly activity. The University will provide a student-centered learning and living environment. The University will foster and cultivate an environment of respect false false 33196655 0 Education related expenses for students in various degree seeking fields of study. 8212555 0 0 Expenses related to Library, Writing Center, Teaching/Learning Center, Academic Computer Center, ancillary operations, Deans of Philadelphia College of Pharmacy, Misher College of Arts & Sciences, Samson College of Health Sciences, Mayes College of Healthcare Business and Policy and College of Graduate Studies. 12342626 0 0 Expenses related to Dean of Students, Admissions, Registrar, Counseling, financial Aid, Clinic, Student Activities and Athletics. 24312552 24312552 0 Scholarships 12068817 Other 36381369 24312552 0 90133205 true true false true false false false false true true true false true false true false false false false false false false true true true false false false false false false false false false false false false false false true false false false false true 334 0 true 1817 true true true true BD CJ false false false true true false false false false false false 22 22 true false false false false false false true true false false true true true true true true true true false PA X BRIGID K ISACKMAN 2155968701 600 SOUTH 43RD STREET PHILADELPHIA PA 191044495 Delbert S Payne MS 3.0 X Marvin Samson BS 2.0 X Frank Baldino Jr PhD 1.0 X Schumarry Chao MD MBA 1.0 X Lonnel Coats BS 1.0 X Tiziana M Fox BS PharmD 1.0 X Barry Grossbach MA PhD 1.0 X George V Hager Jr BA MBA 2.0 X Dan J Halberstadt BS 1.0 X Richard Howard BS 1.0 X Rajiv Lakhanpal MD 1.0 X Louis Lupo PharmD 1.0 X Ludmilla Malmberg RPh 1.0 X Kathleen R Mayes PharmD 2.0 X Richard P Miller MBA 1.0 X Kenneth L Murtha BS 2.0 X Patrick M Oates BS PhD 1.0 X Joseph C Papa BS MS 1.0 X Gail R Wilensky PhD 1.0 X Daniel K Fitzpatrick MBA CPA 2.0 X Dominic A Marasco RPh 1.0 X Donald J M Phillips BS PharmD 1.0 X Philip Gerbino 40.0 X 492288 0 52494 Elizabeth Bressi-Stoppe 40.0 X 144547 0 27143 Joseph G Trainor 40.0 X 234685 0 41246 Colleen Ryan 40.0 X 68594 0 83337 Patrick J Lepore 40.0 X 223979 0 33861 Russell J DiGate 40.0 X 318047 0 30838 Adeboye Adejare 40.0 X 142680 0 33704 Sara Campbell 40.0 X 165208 0 22894 Shawn Curtin 40.0 X 179166 0 23952 John McCaffrey 40.0 X 150397 0 26816 Suzanne Murphy 40.0 X 159608 0 31178 Andrew Peterson 40.0 X 162452 0 25732 Rodney Wigent 40.0 X 152532 0 30187 David E Loder Esq BA JD LLM 1.0 X William Cunningham 40.0 X 133651 0 25130 John Masciantonio 40.0 X 128207 0 27645 Cathy Poon 40.0 X 136448 0 21142 John Porter 40.0 X 109089 10574 Bettyanne Rosa 40.0 X 183443 0 27174 William L Ashton 40.0 X 187091 0 28370 Lisa Lawson Gibson 40.0 X 219320 0 51651 Richard Stefanacci 40.0 X 252159 0 35761 Ann Satterthwaite 40.0 X 198653 0 13662 Laurie Sherwen 40.0 X 184538 0 25097 4326782 0 729588 22 false true false EAT'N PARK HOSPITALITY GROUP 285 WATERFRONT DRIVE HOMESTEAD PA 15120 FOOD MANAGER 2369874 HAAS PETERS CONSTRUCTION GROUP 306 BALTIMORE AVENUE FOLCROFT PA 19032 CONSTRUCTION 1064280 NEIGHBORHHOD PRESERVATION DEVELOPME 400 SOUTH 48TH STREET PHILADELPHIA PA 19143 HOUSING 796766 POSEL WOODLAND ASSOCIATES LP 212 WALNUT STREET PHILADELPHIA PA 19106 OFFICE LEASING 715625 SODEXO INC 9801 WASHINGTONIAN BOULEVARD GAITHERSBURG MD 20878 Food Manager 1468354 43 3406353 4432383 7838736 TUITION AND FEES 900099 91804166 91804166 SALES/SERVICE-AUXILIARY SERVICES 900099 8504777 8504777 100308943 7240197 7240197 0 0 45540 44322 1218 1218 1218 44499335 46631053 -2131718 -2131718 -2131718 0 0 0 ACI & PARTNERSHIP REVENUE 611600 617689 71515 546174 BOOK STORE 900099 55892 55892 MISCELLANEOUS 523000 355282 355282 1028863 114286239 100791632 547392 5108479 0 24312552 24312552 0 0 4336938 1828570 2053415 454953 0 34316264 30021877 3473950 820437 3093261 1958034 983657 151570 4797354 3937850 636177 223327 2804877 2804877 318050 318050 301148 6518 255458 39172 173855 173855 48000 48000 0 221636 221636 3777352 2656177 742662 378513 1204729 159073 1010761 34895 1795966 1371530 312267 112169 445533 297646 145848 2039 0 4031401 2204498 1610340 216563 1095605 790186 210246 95173 0 201603 171045 22604 7954 4861385 4148725 712660 0 5264965 4438802 826163 450998 8290 442252 456 SERVICE AND OUTSIDE CONTRACTS 3634799 3326589 308160 50 FOOD 20486 20486 LIBRARY AND PERIODICALS 1074797 777284 293005 4508 EQUIPMENT 335657 270053 42135 23469 DONATIONS 123146 5250 117794 102 4333917 4077607 162619 93691 107376274 90133205 14536028 2707041 26792371 30548217 267578 901631 4232080 4613543 6413561 6442540 1069409 1817371 167782228 66916708 101572896 100865520 134325786 144362447 409606 434337 3175839 3058306 278259126 293043912 11267558 9395623 5085334 5128443 10372990 10883247 107333135 106586408 551832 447909 134610849 132441630 X 97124035 109833682 7825351 9878865 38698891 40889735 143648277 160602282 278259126 293043912 X false true true X true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false true false false 2800 false false false false true 48000 50800 false false SCHEDULE C, PART II-B, LINE 1I THE PAYMENT TO A LOBBY FIRM WAS TO PERFORM WORK ON BEHALF OF THE UNIVERSITY. 120599475 6786362 10115468 2322615 135178690 145712639 8994133 -30322191 3750250 34856 120599475 0.65000 0.30000 0.05000 true false 0 8509467 8509467 0 139246764 53298405 85948359 0 14453094 9555564 4897530 0 5572903 4062739 1510164 100865520 0 ANNUITY LIABILITIES 267026 OTHER LIABILITIES 180883 447909 114286239 107376274 6909965 12178629 -2134589 10044040 16954005 100017727 12178629 198026 12376655 87641072 26645167 26645167 114286239 83063722 83063722 24312552 24312552 107376274 SCHEDULE D, PART X THE UNIVERSITY DOES NOT BELIEVE ITS FINANCIAL STATEMENTS INCLUDE ANY UNCERTAIN TAX POSITIONS. SCHEDULE D, PART XI, LINE 8 PENSION COST CHANGE 118,670 ANNUITY ADJUSTMENT 79,356 ENDOWMENT DISTRIBUTION (2,332,615) --------- TOTAl (2,134,589) ========= SCHEDULE D, PART XII, LINE 2D PENSION COST CHANGE 118,670 ANNUITY ADJUSTMENT 79,356 --------- TOTAl 198,026 ========= SCHEDULE D, PART XII, LINE 4B SCHOLARSHIPS $ 24,312,552 ENDOWMENT DISTRIBUTION 2,332,615 ------------ TOTAL $ 26,645,167 ============ SCHEDULE D, PART XIII, LINE 4B SCHOLARSHIPS $ 24,312,552 ------------ TOTAL $ 24,312,552 ============ true true true AN AFFIRMATIVE ACTION STATEMENT IS CONTAINED IN ALL ADMISSIONS MATERIALS AND IN THE UNIVERSITY CATALOG. true true true true false false false false false false false false true false THE UNIVERSITY OF THE SCIENCES IN PHILADELPHIA RECEIVED $3,406,353 IN GOVERNMENT GRANTS FOR THE YEAR ENDED JUNE 30, 2010. true East Asia and the Pacific 0 0 Program Services Relations Building 13132 Europe (Including Iceland and Greenland) 0 0 Program Services Relations Building 17756 Sub-Saharan Africa 0 0 Program Services Relations Building 6099 North America 0 0 Send agents to seminar Conference 1308 0 0 38295 true INSTITUTIONAL SCHOLARSHIPS AWARDED 2751 25322328 FMV Financial Aid SCHEDULE I, PART I, LINE 2 The University grant policy is contained in all admissions material, in the University catalog, and can also be found on the University's Website. X X X true true X X X false false false false false false false false false Philip Gerbino 403199 0 88964 0 125 0 37500 0 14994 0 544782 0 0 0 Elizabeth Bressi-Stoppe 134292 0 10184 0 71 0 12181 0 14962 0 171690 0 0 0 Joseph G Trainor 220534 0 14064 0 87 0 22270 0 18976 0 275931 0 0 0 Colleen Ryan 67223 0 1317 0 54 0 6840 0 76497 0 151931 0 0 0 Patrick J Lepore 211974 0 11918 0 87 0 21185 0 12676 0 257840 0 0 0 Adeboye Adejare 139970 0 2710 0 0 0 14069 0 19635 0 176384 0 0 0 William L Ashton 183434 0 3570 0 87 0 19735 0 8635 0 215461 0 0 0 Sara Campbell 152292 0 12829 0 87 0 15307 0 7587 0 188102 0 0 0 Shawn Curtin 162761 0 16351 0 54 0 16365 0 7587 0 203118 0 0 0 Russell J DiGate 304689 0 13271 0 87 0 24500 0 6338 0 348885 0 0 0 Lisa Lawson Gibson 193046 0 26274 0 0 0 21381 0 30270 0 270971 0 0 0 John McCaffrey 147397 0 3000 0 0 0 15555 0 11261 0 177213 0 0 0 Suzanne Murphy 156154 0 3400 0 54 0 16215 0 14963 0 190786 0 0 0 Andrew Peterson 159289 0 3163 0 0 0 17243 0 8489 0 188184 0 0 0 Rodney Wigent 149554 0 2978 0 0 0 15461 0 14726 0 182719 0 0 0 Richard Stefanacci 247347 0 4758 0 54 0 24500 0 11261 0 287920 0 0 0 William Cunningham 130897 0 2700 0 54 0 13900 0 11230 0 158781 0 0 0 John Masciantonio 125699 0 2437 0 71 0 12656 0 14989 0 155852 0 0 0 Cathy Poon 133917 0 2531 0 0 0 13602 0 7540 0 157590 0 0 0 Bettyanne Rosa 179788 0 3568 0 87 0 18372 0 8802 0 210617 0 0 0 Ann Satterthwaite 194966 0 3600 0 87 0 12462 0 1200 0 212315 0 0 0 Laurie Sherwen 181859 0 2625 0 54 0 17500 0 7597 0 209635 0 0 0 PART I, LINE 1A Air travel: 1. The executives will fly coach air for domestic travel and business class for overseas travel. 2. Upgrades or enhancements are not reimbursed. 3. The executives may make air and other travel arrangements through their respective university offices. Every attempt should be made to acquire advanced purchase tickets. When it is necessary to change an advanced purchased ticket, change fees and additional service charges are reimbursable. Tax gross up payments are made when applicable. The University pays a social club membership fee for the President. The social club membership use is limited to University business purposes. PENNYSLVANIA HIGHER EDUCATION FINANCING AUTHORITY 232243852 70917NU69 2005-01-15 40545000 REFUND ESCROWS, CONSTRUCTION,& MIS false false PENNYSLVANIA HIGHER EDUCATION FINANCING AUTHORITY 232243852 70917RQU2 2008-05-17 67400000 REDEEM PRIOR BONDS & CREATE DEBT S false false 40545000 0 0 0 0 0 40545000 2006 false false true true 67400000 5408560 61991440 0 0 0 0 2008 true true true true false false false false true 0.00000 0.00000 0.00000 true false false false false true 0.00000 0.00000 0.00000 true false false false false false false REVIEW PROCESS OF FORM 990 FORM 990, PART VI, LINE 11 The 990 is prepared by outside independent tax advisors and reviewed by the University. It is reviewed by the Audit Committee. It is made available to the Board of Trustees prior to the filing deadline. CONFLICT OF INTEREST FORM 990, PART VI, LINE 12C The Board of Trustees, Officers and key employees of the University, by virtue of their offices, have a fiduciary relationship with the University which requires that they act in good faith and with fidelity to the University's best interests. The University has written conflict of interest polices which are intended to permit the University and its Trustees, Officers and other key employees to identify, evaluate and address any conflict of interest that might call into question this fiduciary duty to the University. Each Trustee, Officer and key employee is required to report any conflicts of interest to the University as soon as practical after they become aware of such a conflict. Each Trustee, Officer and key employee shall also annually complete a Conflict of Interest Questionnaire. The University monitors compliance with its conflict of interest policies by review of the annual conflict of interest questionnaires by the Office of the President. If conflicts of interest exist for officers and key employees, the Audit Committee of the Board of Trustees is notified and determines the corrective measure, if any, to be taken to resolve the conflict, or will impose appropriate restrictions, if any on the person with the conflict. For conflicts of interest involving the Trustees, the Audit Committee of the Board of Trustees will be notified of the conflict and will recommend to the Executive Committee of the Board of Trustees the corrective measures, if any, to the taken to resolve the conflict or appropriate restrictions, if any to be imposed on the person with the conflict. The Executive Committee of the Board of Trustees, excluding such conflicted person, has the final approval of any recommended corrective measures or imposed restrictions. Such restrictions require excluding conflicted persons form discussion and approval of transactions benefitting them, directly or indirectly. OFFICERS' COMPENSATION PROCESS FORM 990, PART VI, LINE 15 PURPOSE - To establish the parameters regarding executive compensation, with the objective of providing total compensation to the President and his executive leadership team which will serve to maintain a competitive market position and recognize the achievement of established financial, quality and strategic goals for the university and to recognize individual performance, consistent with the laws, regulations and principles governing non-profit compensation. As used herein, "Executives" shall mean the president's executive leadership team. PROCEDURE - To establish a level of compensation required to recruit and retain Executives, the university shall give primary consideration to data on executive compensation for Comparable Positions. As a general rule, "Comparable Positions" are those like positions within Higher Education that are similar to the university in terms of revenue, number of students, size of endowment, number of employees and/or geographic area. The Executive Committee of the University Board of Directors (Executive Committee) shall approve the President's compensation, including without limitation, base compensation, incentive compensation, deferred copmensation, fringe and other benefits. The President shall approve all Executive compensation for the Executive Leadership Team, which shall include all compensation components, including without limitation, base compensation, incentive compensation, deferred compensation, fringe and other benefits. The President and the Executive Committee shall use comparability data provided by the University's Human Resources Department, which may include industry surveys, expert compensation studies, documented compensation of persons holding similar positions, or other comparable data in approving any compensation changes. The President and the Executive Committee shall periodically retain the services of a compensation consultant to provide an external assessment of the University's compensation analysis. It should be noted that this information is used to arrive at a reasonable and arm's length determination of total compensation. Each Executive Committee member voting on the President's compensation arrangement shall ensure that (s)he has no conflict of interest, including that (s)he (a) does not economically benefit from proposed employee; (b) does not receive compensation subject to the approval of the proposed employee; and (c) has no material financial interest affected by the transaction. The decisions of the Executive Committee regarding the President's compensation and the decisions of the President regarding the Executives compensation is to be documented. THIS PROCESS WAS LAST UNDERTAKEN IN 2009. PUBLIC DISCLOSURE OF DOCUMENTS FORM 990, PART VI, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC BY POSTING THE INFORMATION ON THE ORGANIZATION'S WEBSITE. Business Relationships of Trustees FORM 990, PART VI, LINE 2 DAN J. HALBERSTADT AND LOUIS LUPO, MEMBERS OF THE BOARD OF TRUSTEES, ARE EMPLOYED BY SAME COMPANY KINGSESSING REALTY LLC 600 South 43rd Street Philadelphia PA 19104 233067213 PARTNERSHIP PA 287958 NA