WILMINGTON UNIVERSITY INC: Form 990, tax year 2024
View the entire original 990 at ProPublica ↗
- Organization
- WILMINGTON UNIVERSITY INC (EIN 51-0107088)
- Tax period
- 2024-07-01 to 2025-06-30
- Filed
- 2026-02-24
- IRS object ID
- 202630559349301538
- Schema version
- 2024v5.5
- 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 L
- Schedule M
- Schedule O
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2026-02-24T14:10:01-06:00 | ReturnTs |
| Tax Period End | 2025-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 420714325 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RSM US LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 80 CITY SQUARE | AddressLine1Txt |
| City | BOSTON | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 02129 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2024-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 510107088 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | WILMINGTON UNIVERSITY INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | WILM | BusinessNameControlTxt |
| Phone | 3023566915 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 320 NORTH DUPONT HIGHWAY | AddressLine1Txt |
| City | NEW CASTLE | CityNm |
| State Abbreviation | DE | StateAbbreviationCd |
| ZIP | 19720 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | LLOYD A RICKETTS | PersonNm |
| Person Title | SR. VICE PRESIDENT AND CFO | PersonTitleTxt |
| Phone | 3023566915 | PhoneNum |
| Signature | 2026-02-12 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | Yes (1) | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | LYNNE JOHNSON | PreparerPersonNm |
| PTIN | P00757336 | PTIN |
| Phone | 6179129000 | PhoneNum |
| Preparation | 2026-02-12 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2024 | TaxYr |
| Build TS | 2025-03-06 01:10:19Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | LLOYD A RICKETTS | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 320 NORTH DUPONT HIGHWAY | AddressLine1Txt |
| City | NEW CASTLE | CityNm |
| State Abbreviation | DE | StateAbbreviationCd |
| ZIP | 19720 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $156,456,220 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.WILMU.EDU | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1968 | FormationYr |
| Legal Domicile State | DE | LegalDomicileStateCd |
| Activity Or Mission | ESTABLISHED IN 1968, WILMINGTON UNIVERSITY, INC. IS AN OPEN ACCESS PRIVATE INSTITUTION OF HIGHER EDUCATION WITH LOCATIONS IN DELAWARE OFFERING UNDERGRADUATE, GRADUATE AND DOCTORAL DEGREES. | ActivityOrMissionDesc |
| Voting Members Governing Body | 16 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 13 | VotingMembersIndependentCnt |
| Total Employee | 2030 | TotalEmployeeCnt |
| Total Volunteers | 17 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $13,954,255 | PYContributionsGrantsAmt |
| CY Contributions Grants | $15,534,034 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $125,342,011 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $118,633,466 | CYProgramServiceRevenueAmt |
| PY Investment Income | $16,966,395 | PYInvestmentIncomeAmt |
| CY Investment Income | $8,090,549 | CYInvestmentIncomeAmt |
| PY Other Revenue | $318,583 | PYOtherRevenueAmt |
| CY Other Revenue | $99,609 | CYOtherRevenueAmt |
| PY Total Revenue | $156,581,244 | PYTotalRevenueAmt |
| CY Total Revenue | $142,357,658 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $18,571,332 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $21,364,784 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $82,130,175 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $83,332,222 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $386,800 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $32,772,335 | PYOtherExpensesAmt |
| CY Other Expenses | $31,340,149 | CYOtherExpensesAmt |
| PY Total Expenses | $133,473,842 | PYTotalExpensesAmt |
| CY Total Expenses | $136,037,155 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $23,107,402 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $6,320,503 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $371,599,373 | TotalAssetsBOYAmt |
| Total Assets EOY | $384,874,339 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $68,179,433 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $66,321,242 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $303,419,940 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $318,553,097 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | WILMINGTON UNIVERSITY IS COMMITTED TO EXCELLENCE IN TEACHING, RELEVANCY OF THE CURRICULUM, AND INDIVIDUAL ATTENTION TO STUDENTS. AS AN INSTITUTION WITH ADMISSIONS POLICIES THAT PROVIDE ACCESS FOR ALL, IT OFFERS OPPORTUNITY FOR HIGHER EDUCATION TO STUDENTS OF VARYING AGES, INTERESTS AND ASPIRATIONS.THE UNIVERSITY PROVIDES A RANGE OF EXEMPLARY CAREER-ORIENTED UNDERGRADUATE, GRADUATE AND DOCTORAL DEGREE PROGRAMS FOR A GROWING AND DIVERSE STUDENT POPULATION. IT DELIVERS THESE PROGRAMS AT LOCATIONS AND TIMES CONVENIENT TO STUDENTS AND AT AN AFFORDABLE PRICE. A HIGHLY QUALIFIED FULL-TIME FACULTY WORKS CLOSELY WITH PART-TIME FACULTY DRAWN FROM THE WORKPLACE TO ENSURE THAT THE UNIVERSITY'S PROGRAMS PREPARE STUDENTS TO BEGIN OR CONTINUE THEIR CAREER, IMPROVE THEIR COMPETITIVENESS IN THE JOB MARKET, AND ENGAGE IN LIFELONG LEARNING. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $106,159,867 | ExpenseAmt |
| Grant | $21,364,784 | GrantAmt |
| Revenue | $114,877,643 | RevenueAmt |
| Desc | WILMINGTON UNIVERSITY IS COMMITTED TO BEING A UNIVERSITY WHERE RESPECT FOR EACH OTHER IS PARAMOUNT, INTEGRITY GUIDES ALL OF OUR CHOICES, PROVIDING EDUCATIONAL OPPORTUNITY IS OUR PRIMARY PURPOSE, AND RESPONSIVENESS TO COMMUNITY NEEDS IS KEY. IN DESIGNING ACADEMIC PROGRAMS AND STUDENT SERVICES, WE SUPPORT INNOVATION AND ACTIVELY SEEK FACULTY WITH EXPERIENCE IN THEIR FIELDS WHO CAN PROVIDE STUDENTS WITH AN EDUCATION FOCUSED ON PRACTICAL APPLICATION.WILMINGTON UNIVERSITY IS CLASSIFIED BY THE CARNEGIE COMMISSION AS A DOCTORAL/RESEARCH UNIVERSITY. THE UNIVERSITY OFFERS DEGREE PROGRAMS AT THE ASSOCIATE'S, BACHELOR'S, MASTER'S AND DOCTORAL LEVELS. THE UNIVERSITY OFFERS DEGREE PROGRAMS IN THE COLLEGE OF BUSINESS, THE COLLEGE OF EDUCATION AND LIBERAL ARTS, THE COLLEGE OF HEALTH PROFESSIONS AND NATURAL SCIENCES, THE COLLEGE OF SOCIAL AND BEHAVIORAL SCIENCES, THE COLLEGE OF TECHNOLOGY AND THE SCHOOL OF LAW. THE UNIVERSITY SERVED 18,982 (UNDUPLICATED) STUDENTS DURING FISCAL 2025, OFFERING PROGRAMS AT MULTIPLE LOCATIONS THROUGHOUT DELAWARE AS WELL AS PROVIDING AN ONLINE MODALITY.THE UNIVERSITY'S ACADEMIC ACCOMPLISHMENTS DURING FISCAL 24/25 WERE AS FOLLOWS:WILMINGTON UNIVERSITY HAS BEEN RECOGNIZED BY THE CARNEGIE FOUNDATION AND THE AMERICAN COUNCIL ON EDUCATION AS AN OPPORTUNITY COLLEGE AND UNIVERSITY. THIS INSTITUTIONAL CLASSIFICATION REFLECTS THAT WE ARE THE ONLY INSTITUTE OF HIGHER EDUCATION IN THE STATE OF DELAWARE THAT AFFORDS "HIGH ACCESS AND HIGH EARNINGS" TO FOSTER STUDENT SUCCESS. WE REFLECT THE COMMUNITY WE SERVE AND OUR GRADUATES EXPERIENCE COMPETITIVE WAGES. WE JOIN 479 INSTITUTIONS NATIONALLY WHO HAVE EARNED THIS DESIGNATION AND NOW SERVE AS A MODEL TO OTHER COLLEGES AND UNIVERSITIES.IN COLLABORATION WITH THE DEPARTMENT OF EDUCATION, THESCHOOLHOUSE302, PARTNERSHIPS AND COMMUNITY AFFAIRS, AND PROFESSIONAL AND CONTINUING EDUCATION, THE COLLEGE SUCCESSFULLY LAUNCHED THE SECOND ANNUAL NEW SCHOOL ADMINISTRATOR INDUCTION PROGRAM TO SUPPORT NEWLY APPOINTED PUBLIC SCHOOL PRINCIPALS.THE COUNCIL ON ACCREDITATION OF NURSE ANESTHESIA EDUCATIONAL PROGRAMS (COA) CONDUCTED AN ONSITE CAPABILITY/ACCREDITATION REVIEW OF THE DELAWARE NURSE ANESTHESIOLOGY PROGRAM AT CHRISTIANACARE AND WILMINGTON UNIVERSITY. THE REVIEW TEAM COMMENDED THE HIGH-QUALITY SELF-STUDY AND ROBUST EVIDENCE OF COMPLIANCE. ALL EIGHT STANDARDS, INCLUSIVE OF 156 CRITERIA WERE FOUND TO BE "IN COMPLIANCE." PENDING AN OFFICIAL ACCREDITATION DECISION IN OCTOBER 2025, THE FIRST COHORT BEGINS IN JANUARY 2026.FORBES ADVISOR EDUCATION RECOGNIZED WILMINGTON UNIVERSITY'S WELL-ROUNDED BIOLOGY DEGREE PROGRAM AS A TOP 10 BEST ONLINE BIOLOGY DEGREE PROGRAM. STUDENTS CAN EARN THEIR DEGREE IN PERSON AT BRANDYWINE AND NEW CASTLE LOCATIONS OR 100% ONLINE USING INNOVATIVE AT-HOME LAB KITS.THE LEGAL STUDIES CONCENTRATION IN THE LAW POLICY AND POLICY AND POLITICAL SCIENCE DEGREE EARNED A FAVORABLE AMERICAN BAR ASSOCIATION RECOMMENDED APPROVAL.THE COLLEGE OF TECHNOLOGY LAUNCHED A NEW MASTER OF SCIENCE IN COMPUTER SCIENCE PROGRAM WITH AN INAUGURAL COHORT OF 25 STUDENTS. WE ARE ESPECIALLY COMMITTED TO CARING FOR OUR STUDENTS AS CUSTOMERS AND PARTNERS AS SUCH THE UNIVERSITY SERVED A TOTAL OF 18,982 STUDENTS INCLUDING 12,265 UNDERGRADUATE, 6,017 GRADUATE, 654 DOCTORAL STUDENTS, AND 46 SCHOOL OF LAW STUDENTS DURING FISCAL 2025. THE UNIVERSITY AWARDED 3,972 TOTAL DEGREES, INCLUDING 1,703 UNDERGRADUATE, 2,106 GRADUATE AND 163 DOCTORAL DEGREES DURING FISCAL 2025. | Desc |
| Total Program Service Expenses | $106,159,867 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | Yes (1) | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | Yes (1) | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (1) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | Yes (1) | SchoolOperatingInd |
| Foreign Office | Yes (1) | ForeignOfficeInd |
| Foreign Activities | Yes (1) | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | Yes (1) | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | Yes (1) | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (1) | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | Yes (1) | TaxExemptBondsInd |
| Invest Tax Exempt Bonds | 0 | InvestTaxExemptBondsInd |
| Escrow Account | 0 | EscrowAccountInd |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuerInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | Yes (1) | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | Yes (1) | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | Yes (1) | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | Yes (1) | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | 0 | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 258 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 2030 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | Yes (1) | QuidProQuoContributionsInd |
| Quid Pro Quo Contri Discl | Yes (1) | QuidProQuoContriDisclInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | Yes (1) | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 16 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 13 | IndependentVotingMemberCnt |
| Family Or Business Rln | Yes (1) | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | MD | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | ID | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | SC | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | LLOYD A RICKETTS SENIOR VICE PRESIDENT & CFO | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 3023566915 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 320 NORTH DUPONT HIGHWAY | AddressLine1Txt |
| City | NEW CASTLE | CityNm |
| State Abbreviation | DE | StateAbbreviationCd |
| ZIP | 19720 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (26 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | OfficerOfficerInd | Key EmployeeKeyEmployeeInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd | Former Ofcr Director TrusteeFormerOfcrDirectorTrusteeInd |
|---|---|---|---|---|---|---|---|---|---|---|
| ROBERT C COLE JR | ||||||||||
| TRUSTEE | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| ALAN D ELLINGSWORTH | ||||||||||
| TRUSTEE | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| MICHAEL J FARNAN | ||||||||||
| TRUSTEE | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| LARRY D GEHRKE | ||||||||||
| TRUSTEE | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| MARIAM KOOHDARY | ||||||||||
| TRUSTEE (AS OF 2/1/25) | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| DAVID F MARVIN | ||||||||||
| TRUSTEE | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| LAWRENCE H MILLER | ||||||||||
| TRUSTEE | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| EDMUND PRIBITKIN | ||||||||||
| TRUSTEE | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| JOHN J RAY III | ||||||||||
| TRUSTEE | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| DANA P ROBINSON | ||||||||||
| TRUSTEE | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| SUE L ROBINSON | ||||||||||
| TRUSTEE | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| ALLEN L SAMUELS | ||||||||||
| TRUSTEE | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| TRACY T WOODSON | ||||||||||
| TRUSTEE | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| MELISSA A ZEBLEY | ||||||||||
| TRUSTEE | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| JOSEPH J FARNAN JR | ||||||||||
| CHAIRMAN | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | Yes (X) | |||
| THOMAS E LEIPOLD | ||||||||||
| VICE CHAIRMAN | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | Yes (X) | |||
| LAVERNE T HARMON | ||||||||||
| PRESIDENT | 40.00 | 0.00 | $1,352,188 | $0 | $62,079 | Yes (X) | ||||
| LLOYD RICKETTS | ||||||||||
| SR. VICE PRESIDENT, CFO & TREASURER | 40.00 | 0.00 | $597,481 | $0 | $70,420 | Yes (X) | ||||
| ERIN J DIMARCO | ||||||||||
| SR. VICE PRESIDENT & COO | 40.00 | 0.00 | $661,182 | $0 | $85,846 | Yes (X) | ||||
| DENISE WELLS | ||||||||||
| VICE PRESIDENT | 40.00 | 0.00 | $285,247 | $0 | $42,020 | Yes (X) | ||||
| HEATHER O'CONNELL | ||||||||||
| VICE PRESIDENT (THRU 2/29/24) | 40.00 | 0.00 | $2,360,641 | $0 | $23,822 | Yes (X) | ||||
| JAMES WILSON JR | ||||||||||
| PROFESSOR | 40.00 | 0.00 | $442,728 | $0 | $116,992 | Yes (X) | ||||
| PHILLIP CLOSIUS | ||||||||||
| DEAN | 40.00 | 0.00 | $532,336 | $0 | $64,953 | Yes (X) | ||||
| CHRISTIAN TROWBRIDGE | ||||||||||
| VICE PRESIDENT | 40.00 | 0.00 | $435,817 | $0 | $26,737 | Yes (X) | ||||
| JACQUELINE VARSALONA | ||||||||||
| VICE PRESIDENT | 40.00 | 0.00 | $406,785 | $0 | $39,228 | Yes (X) | ||||
| CAROLE D PITCHER | ||||||||||
| FORMER VICE PRESIDENT | 0.00 | 0.00 | $592,858 | $0 | $0 | Yes (X) | ||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $7,667,263 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $532,097 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 155 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | Yes (1) | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| FREEDOM MECHANICAL INC | |||||
| 48 AUSTINS WAY | ELKTON | MD | 21921 | MECHANICAL CONTRACTOR | $625,708 |
| FEARN-CLENDANIEL ARCHITECTS INC | |||||
| 6 LARCH AVENUE SUITE 398 | WILMINGTON | DE | 19804 | ARCHITECTUAL | $479,623 |
| BARNES & THORNBURG LLP | |||||
| 11 SOUTH MERIDIAN | INDIANAPOLIS | IN | 46204 | LEGAL & PROFESSIONAL SERVICES | $297,881 |
| SHURE-LINE ELECTRIC INC | |||||
| 100 ARTISAN DRIVE | SMYRNA | DE | 19977 | ELECTRICAL SERVICES | $223,075 |
| JC CONTRACTORS LLC | |||||
| 318 WHITE PINE DRIVE | MIDDLETOWN | DE | 19709 | REMODELING AND REPAIRS | $208,177 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 10 | CntrctRcvdGreaterThan100KCnt |
| Fundraising | $42,550 | FundraisingAmt |
| Government Grants | $14,797,255 | GovernmentGrantsAmt |
| All Other Contributions | $694,229 | AllOtherContributionsAmt |
| Noncash Contributions | $52,547 | NoncashContributionsAmt |
| Total Contributions | $15,534,034 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt | ExclusionExclusionAmt |
|---|---|---|---|---|
| TUITION AND FEES | 611310 | $114,701,020 | $114,701,020 | |
| SALES OF AUXILIARY SVCS | 611310 | $3,755,823 | $3,755,823 | |
| ATHLETICS | 900099 | $176,623 | $176,623 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $118,633,466 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $9,098,238 | TotalRevenueColumnAmt |
| Exclusion | $9,098,238 | ExclusionAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $900 | RealAmt |
Less Rental Expenses LessRentalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $0 | RealAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $900 | RealAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $900 | TotalRevenueColumnAmt |
| Exclusion | $900 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $7,353,413 | SecuritiesAmt |
| Other | $5,634,360 | OtherAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $6,765,643 | SecuritiesAmt |
| Other | $7,229,819 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $587,770 | SecuritiesAmt |
| Other | -$1,595,459 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$1,007,689 | TotalRevenueColumnAmt |
| Exclusion | -$1,007,689 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fundraising Gross Income | $136,965 | FundraisingGrossIncomeAmt |
| Contri Rpt Fundraising Event | $42,550 | ContriRptFundraisingEventAmt |
| Fundraising Direct Expenses | $103,100 | FundraisingDirectExpensesAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $33,865 | TotalRevenueColumnAmt |
| Exclusion | $33,865 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | ExclusionExclusionAmt |
|---|---|---|---|
| PELL ALLOWANCE | 900099 | $15,645 | $15,645 |
| SETTLEMENT INCOME | 900099 | $8,426 | $8,426 |
| VENDING INCOME | 900099 | $8,005 | $8,005 |
Miscellaneous Revenue MiscellaneousRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $32,768 | TotalRevenueColumnAmt |
| Exclusion | $32,768 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $64,844 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $142,357,658 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $114,877,643 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $11,945,981 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $308,345 | TotalAmt |
| Program Services | $308,345 | ProgramServicesAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $21,056,439 | TotalAmt |
| Program Services | $21,056,439 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,318,240 | TotalAmt |
| Program Services | $384,656 | ProgramServicesAmt |
| Management And General | $2,933,584 | ManagementAndGeneralAmt |
Comp Disqual Persons CompDisqualPersonsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $816,549 | TotalAmt |
| Program Services | $816,549 | ProgramServicesAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $64,746,989 | TotalAmt |
| Program Services | $55,595,199 | ProgramServicesAmt |
| Management And General | $8,876,480 | ManagementAndGeneralAmt |
| Fundraising | $275,310 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,521,393 | TotalAmt |
| Program Services | $1,984,513 | ProgramServicesAmt |
| Management And General | $522,729 | ManagementAndGeneralAmt |
| Fundraising | $14,151 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $7,193,245 | TotalAmt |
| Program Services | $5,570,796 | ProgramServicesAmt |
| Management And General | $1,546,171 | ManagementAndGeneralAmt |
| Fundraising | $76,278 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,735,806 | TotalAmt |
| Program Services | $4,047,549 | ProgramServicesAmt |
| Management And General | $667,196 | ManagementAndGeneralAmt |
| Fundraising | $21,061 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $250,727 | TotalAmt |
| Management And General | $250,727 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $127,319 | TotalAmt |
| Management And General | $127,319 | ManagementAndGeneralAmt |
Fees For Services Lobbying FeesForServicesLobbyingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $67,000 | TotalAmt |
| Management And General | $67,000 | ManagementAndGeneralAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $199,663 | TotalAmt |
| Management And General | $199,663 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,949,324 | TotalAmt |
| Program Services | $1,574,624 | ProgramServicesAmt |
| Management And General | $1,374,700 | ManagementAndGeneralAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,059,718 | TotalAmt |
| Program Services | $2,916,721 | ProgramServicesAmt |
| Management And General | $142,997 | ManagementAndGeneralAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,650,733 | TotalAmt |
| Program Services | $1,429,544 | ProgramServicesAmt |
| Management And General | $2,221,189 | ManagementAndGeneralAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,422,888 | TotalAmt |
| Program Services | $3,392,043 | ProgramServicesAmt |
| Management And General | $1,030,845 | ManagementAndGeneralAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,469,847 | TotalAmt |
| Program Services | $959,808 | ProgramServicesAmt |
| Management And General | $3,510,039 | ManagementAndGeneralAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,117,573 | TotalAmt |
| Program Services | $1,034,643 | ProgramServicesAmt |
| Management And General | $82,930 | ManagementAndGeneralAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $525,427 | TotalAmt |
| Program Services | $282,653 | ProgramServicesAmt |
| Management And General | $242,774 | ManagementAndGeneralAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,755,939 | TotalAmt |
| Program Services | $2,373,547 | ProgramServicesAmt |
| Management And General | $1,382,392 | ManagementAndGeneralAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $869,968 | TotalAmt |
| Management And General | $869,968 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Management And GeneralManagementAndGeneralAmt | Program ServicesProgramServicesAmt |
|---|---|---|---|
| AUXILIARY ENTERPRISES | $3,139,140 | $3,139,140 | |
| STUDENT ACTIVITIES | $989,546 | $989,546 | |
| COMMENCEMENT | $743,813 | $743,813 | |
| LIBRARY MEDIA | $690,413 | $690,413 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $311,111 | TotalAmt |
| Program Services | $8,466 | ProgramServicesAmt |
| Management And General | $302,645 | ManagementAndGeneralAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $136,037,155 | TotalAmt |
| Program Services | $106,159,867 | ProgramServicesAmt |
| Management And General | $29,490,488 | ManagementAndGeneralAmt |
| Fundraising | $386,800 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $21,619 | BOYAmt |
| EOY | $22,023 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $91,221,044 | BOYAmt |
| EOY | $58,286,938 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $522,851 | BOYAmt |
| EOY | $1,153,335 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $15,484,001 | BOYAmt |
| EOY | $19,306,617 | EOYAmt |
Receivables From Officers Etc ReceivablesFromOfficersEtcGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $100,000 | BOYAmt |
| EOY | $100,000 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $268,201 | BOYAmt |
| EOY | $254,877 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,454,709 | BOYAmt |
| EOY | $4,167,392 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $180,656,131 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $63,872,012 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $92,085,957 | BOYAmt |
| EOY | $116,784,119 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $168,808,914 | BOYAmt |
| EOY | $184,152,001 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $632,077 | BOYAmt |
| EOY | $647,037 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $371,599,373 | BOYAmt |
| EOY | $384,874,339 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $11,821,027 | BOYAmt |
| EOY | $15,882,714 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,868,213 | BOYAmt |
| EOY | $5,714,293 | EOYAmt |
Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $44,639,997 | BOYAmt |
| EOY | $44,580,504 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,470,378 | BOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $379,818 | BOYAmt |
| EOY | $143,731 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $68,179,433 | BOYAmt |
| EOY | $66,321,242 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $301,096,639 | BOYAmt |
| EOY | $317,042,579 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,323,301 | BOYAmt |
| EOY | $1,510,518 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $303,419,940 | BOYAmt |
| EOY | $318,553,097 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $371,599,373 | BOYAmt |
| EOY | $384,874,339 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $6,320,503 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $8,821,083 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | -$8,429 | OtherChangesInNetAssetsAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | Yes (1) | FederalGrantAuditRequiredInd |
| Federal Grant Audit Performed | Yes (1) | FederalGrantAuditPerformedInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School | Yes (X) | SchoolInd |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| 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) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule C IRS990ScheduleC
| Field | Value | IRS element (for citing) |
|---|---|---|
| Volunteers | 0 | VolunteersInd |
| Paid Staff Or Management | 0 | PaidStaffOrManagementInd |
| Media Advertisements | 0 | MediaAdvertisementsInd |
| Mailings Members | 0 | MailingsMembersInd |
| Publications Or Broadcast | 0 | PublicationsOrBroadcastInd |
| Grants Other Organizations | 0 | GrantsOtherOrganizationsInd |
| Direct Contact Legislators | Yes (1) | DirectContactLegislatorsInd |
| Direct Contact Legislators | $67,000 | DirectContactLegislatorsAmt |
| Rallies Demonstrations | 0 | RalliesDemonstrationsInd |
| Other Activities | 0 | OtherActivitiesInd |
| Total Lobbying Expenditures | $67,000 | TotalLobbyingExpendituresAmt |
| Not Described Section501c3 | 0 | NotDescribedSection501c3Ind |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART II-B, LINE 1: | FormAndLineReferenceDesc |
| Explanation | WILMINGTON UNIVERSITY, INC. HAS RETAINED THE SERVICES OF LAIRD STABLER & ASSOCIATES, LLC OF MONTCHANIN, DELAWARE AND PRINCETON PUBLIC AFFAIRS GROUP OF TRENTON, NEW JERSEY FOR THE PURPOSE OF MONITORING AND INFORMING THE UNIVERSITY OF STATE LEGISLATIVE ACTIONS THAT MAY IMPACT THE UNIVERSITY. THE TOTAL EXPENSE INCURRED IN CONNECTION WITH THIS ACTIVITY WAS $27,000 TO LAIRD STABLER & ASSOCIATES, $40,000 TO PRINCETON PUBLIC AFFAIRS GROUP. | ExplanationTxt |
Schedule D IRS990ScheduleD
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $168,243,172 | BeginningYearBalanceAmt |
| Investment Earnings Or Losses | $15,183,277 | InvestmentEarningsOrLossesAmt |
| Administrative Expenses | $569 | AdministrativeExpensesAmt |
| End Year Balance | $183,425,880 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $164,474,609 | BeginningYearBalanceAmt |
| Contributions | $2,750 | ContributionsAmt |
| Investment Earnings Or Losses | $3,765,813 | InvestmentEarningsOrLossesAmt |
| End Year Balance | $168,243,172 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $155,137,083 | BeginningYearBalanceAmt |
| Contributions | $2,500 | ContributionsAmt |
| Investment Earnings Or Losses | $9,335,026 | InvestmentEarningsOrLossesAmt |
| End Year Balance | $164,474,609 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $159,778,975 | BeginningYearBalanceAmt |
| Contributions | $3,007,370 | ContributionsAmt |
| Investment Earnings Or Losses | -$7,649,262 | InvestmentEarningsOrLossesAmt |
| End Year Balance | $155,137,083 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $119,991,912 | BeginningYearBalanceAmt |
| Contributions | $2,006,825 | ContributionsAmt |
| Investment Earnings Or Losses | $37,780,238 | InvestmentEarningsOrLossesAmt |
| End Year Balance | $159,778,975 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated Balance EOY | 1.00000 | BoardDesignatedBalanceEOYPct |
| Prmnnt Endowment Balance EOY | 0.00000 | PrmnntEndowmentBalanceEOYPct |
| Term Endowment Balance EOY | 0.00000 | TermEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | 0 | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | 0 | EndowmentsHeldRelatedOrgInd |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $20,807,249 | OtherCostOrOtherBasisAmt |
| Book Value | $20,807,249 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $81,424,434 | OtherCostOrOtherBasisAmt |
| Depreciation | $38,004,744 | DepreciationAmt |
| Book Value | $43,419,690 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $26,616,924 | OtherCostOrOtherBasisAmt |
| Depreciation | $22,978,351 | DepreciationAmt |
| Book Value | $3,638,573 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $51,807,524 | OtherCostOrOtherBasisAmt |
| Depreciation | $2,888,917 | DepreciationAmt |
| Book Value | $48,918,607 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $116,784,119 | TotalBookValueLandBuildingsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | RIGHT OF USE LIABILITY | Desc |
| Amt | $143,731 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $143,731 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $137,078,329 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | $8,821,083 | NetUnrealizedGainsInvstAmt |
| Other Revenue | -$8,429 | OtherRevenueAmt |
| Revenue Not Reported | $8,812,654 | RevenueNotReportedAmt |
| Revenue Subtotal | $128,265,675 | RevenueSubtotalAmt |
| Investment Expenses Not Incld | $199,663 | InvestmentExpensesNotIncldAmt |
| Other Revenues Not Included | $13,892,320 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | $14,091,983 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $142,357,658 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $121,945,172 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Not Reported | $0 | ExpensesNotReportedAmt |
| Expenses Subtotal | $121,945,172 | ExpensesSubtotalAmt |
| Investment Expenses Not Incld2 | $199,663 | InvestmentExpensesNotIncld2Amt |
| Other Expenses Not Included | $13,892,320 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $14,091,983 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $136,037,155 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (5 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART V, LINE 4: | THE INTENDED USE OF THE UNIVERSITY'S ENDOWMENT FUNDS ARE TO SUPPORT THE UNIVERSITY'S MISSION ON AN AS NEEDED BASIS. |
| PART X, LINE 2: | FOR THE YEARS ENDED JUNE 30, 2025 AND 2024, THE UNIVERSITY HAS DETERMINED IT DID NOT HAVE A MATERIAL TAX LIABILITY FOR UNCERTAIN TAX POSITIONS. |
| PART XI, LINE 2D - OTHER ADJUSTMENTS: | PENSION ADJUSTMENT -8,429. |
| PART XI, LINE 4B - OTHER ADJUSTMENTS: | FINANCIAL AID NETTED WITH REVENUE ON FINANCIAL STATEMENTS 13,995,420. FUNDRAISING EVENT EXPENSE REPORTED ON FORM 990, PART VIII, LINE 8B -103,100. |
| PART XII, LINE 4B - OTHER ADJUSTMENTS: | FINANCIAL AID NETTED WITH REVENUE ON FINANCIAL STATEMENTS 13,995,420. FUNDRAISING EVENT EXPENSE REPORTED ON FORM 990, PART VIII, LINE 8B -103,100. |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | Yes (1) | NondiscriminatoryPolicyStmtInd |
| Policy Stmt In Brochures Etc | Yes (1) | PolicyStmtInBrochuresEtcInd |
| Plcy Pblczd Via Broadcast Media | Yes (1) | PlcyPblczdViaBroadcastMediaInd |
| Maintain Racial Comp Recs | Yes (1) | MaintainRacialCompRecsInd |
| Maintain Scholarships Recs | Yes (1) | MaintainScholarshipsRecsInd |
| Maintain Cpy Of Brochures Etc | Yes (1) | MaintainCpyOfBrochuresEtcInd |
| Maintain Cpy Of All Sol | Yes (1) | MaintainCpyOfAllSolInd |
| Discriminate Race Stdnts Rghts | 0 | DiscriminateRaceStdntsRghtsInd |
| Discriminate Race Admiss Plcy | 0 | DiscriminateRaceAdmissPlcyInd |
| Discriminate Race Emplm Fculty | 0 | DiscriminateRaceEmplmFcultyInd |
| Discriminate Race Schs | 0 | DiscriminateRaceSchsInd |
| Discriminate Race Educ Plcy | 0 | DiscriminateRaceEducPlcyInd |
| Discriminate Race Use Of Fclts | 0 | DiscriminateRaceUseOfFcltsInd |
| Discriminate Race Athlt Prog | 0 | DiscriminateRaceAthltProgInd |
| Discriminate Race Other Acty | 0 | DiscriminateRaceOtherActyInd |
| Government Financial Aid Rcvd | Yes (1) | GovernmentFinancialAidRcvdInd |
| Government Financial Aid Rvkd | 0 | GovernmentFinancialAidRvkdInd |
| Compliance With Rev Proc7550 | Yes (1) | ComplianceWithRevProc7550Ind |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| SCHEDULE E, PART I, LINE 3 | THE UNIVERSITY PUBLISHES ITS ANNUAL NOTICE OF NON-DISCRIMINATION ON ITS WEBSITE. |
| SCHEDULE E, PART I, LINE 6 | WILMINGTON UNIVERSITY RECEIVES FUNDS ON BEHALF OF STUDENTS FROM VARIOUS FEDERAL ANGENCIES UNDER THEIR RESPECTIVE STUDENT FINANCIAL AID ASSISTANCE PROGRAMS. FEDERAL PROGRAMS INCLUDE, THE PELL GRANT PROGRAM, SUPPLEMENTAL EDUCATION OPPORTUNITY GRANT (SEOG), FEDERAL-WORK STUDY (FWS) PROGRAM, FEDERAL DIRECT STUDENT LOAN PROGRAMS AND TEACHER EDUCATION ASSISTANCE FOR COLLEGE AND HIGHER EDUCATION (TEACH) PROGRAM. THESE PROGRAMS ALLOW NUMEROUS STUDENTS TO ATTEND THE UNIVERSITY AT A LOW COST OF ATTENDANCE. |
Schedule F IRS990ScheduleF
Account Activities Outside US AccountActivitiesOutsideUSGrp (2 entries)
| RegionRegionTxt | OfficesOfficesCnt | EmployeeEmployeeCnt | Type Of Activities ConductedTypeOfActivitiesConductedTxt | Region Total ExpendituresRegionTotalExpendituresAmt |
|---|---|---|---|---|
| SOUTH ASIA | 0 | 7 | RECRUITING | $181,764 |
| EAST ASIA AND THE PACIFIC | 0 | 2 | RECRUITING | $92,295 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Offices | 0 | SubtotalOfficesCnt |
| Subtotal Employees | 9 | SubtotalEmployeesCnt |
| Continuation Total Office | 0 | ContinuationTotalOfficeCnt |
| Continuation Total Employee | 0 | ContinuationTotalEmployeeCnt |
| Total Office | 0 | TotalOfficeCnt |
| Total Employee | 9 | TotalEmployeeCnt |
| Subtotal Spent | $274,059 | SubtotalSpentAmt |
| Continuation Spent | $0 | ContinuationSpentAmt |
| Total Spent | $274,059 | TotalSpentAmt |
| Transfer To Foreign Corp | 0 | TransferToForeignCorpInd |
| Interest In Foreign Trust | 0 | InterestInForeignTrustInd |
| Foreign Corp Ownership | 0 | ForeignCorpOwnershipInd |
| Passive Foreign Investmest Co | 0 | PassiveForeignInvestmestCoInd |
| Foreign Partnership | 0 | ForeignPartnershipInd |
| Boycott Countries | 0 | BoycottCountriesInd |
Schedule G IRS990ScheduleG
Fundraising Event Information FundraisingEventInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Event1 | GREEN & WHITE GALA | Event1Nm |
| Gross Receipts Event1 | $96,900 | GrossReceiptsEvent1Amt |
| Charitable Contri Event1 | $26,350 | CharitableContriEvent1Amt |
| Gross Revenue Event1 | $70,550 | GrossRevenueEvent1Amt |
| Rent Facility Costs Event1 | $14,666 | RentFacilityCostsEvent1Amt |
| Food And Beverage Event1 | $11,164 | FoodAndBeverageEvent1Amt |
| Entertainment Event1 | $19,590 | EntertainmentEvent1Amt |
| Other Direct Expenses Event1 | $20,463 | OtherDirectExpensesEvent1Amt |
| Event2 | GOLF CLASSIC | Event2Nm |
| Gross Receipts Event2 | $82,615 | GrossReceiptsEvent2Amt |
| Charitable Contri Event2 | $16,200 | CharitableContriEvent2Amt |
| Gross Revenue Event2 | $66,415 | GrossRevenueEvent2Amt |
| Rent Facility Costs Event2 | $24,950 | RentFacilityCostsEvent2Amt |
| Food And Beverage Event2 | $4,042 | FoodAndBeverageEvent2Amt |
| Entertainment Event2 | $1,000 | EntertainmentEvent2Amt |
| Other Direct Expenses Event2 | $7,225 | OtherDirectExpensesEvent2Amt |
| Gross Receipts Total | $179,515 | GrossReceiptsTotalAmt |
| Charitable Contributions Tot | $42,550 | CharitableContributionsTotAmt |
| Gross Revenue Total Events | $136,965 | GrossRevenueTotalEventsAmt |
| Rent Fclty Costs Total Events | $39,616 | RentFcltyCostsTotalEventsAmt |
| Food And Beverage Total Events | $15,206 | FoodAndBeverageTotalEventsAmt |
| Entertainment Total Events | $20,590 | EntertainmentTotalEventsAmt |
| Oth Direct Expnss Total Events | $27,688 | OthDirectExpnssTotalEventsAmt |
| Direct Expense Summary Events | $103,100 | DirectExpenseSummaryEventsAmt |
| Net Income Summary | $33,865 | NetIncomeSummaryAmt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Recipient Table RecipientTable (13 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Recipient EINRecipientEIN | IRC SectionIRCSectionDesc | Cash GrantCashGrantAmt | Non Cash AssistanceNonCashAssistanceAmt | Purpose Of GrantPurposeOfGrantTxt |
|---|---|---|---|---|---|---|---|---|
| BOYS & GIRLS CLUB OF DELAWARE | ||||||||
| 669 S UNION STREET | WILMINGTON | DE | 19805 | 510068712 | 501C3 | $8,480 | $0 | SPONSORSHIP OF GOLF CLASSIC AND YOUTH OF THE YEAR EVENT |
| DELAWARE STATE CHAMBER OF COMMERCE | ||||||||
| PO BOX 671 | WILMINGTON | DE | 19899 | 510007780 | 501C3 | $15,670 | $0 | SPONSORSHIP OF VARIOUS EVENTS |
| DELAWARE TECHNICAL & COMMUNITY COLLEGE | ||||||||
| PO BOX 897 | DOVER | DE | 19903 | 510246178 | 501C3 | $5,500 | $0 | SPONSORSHIP OF VARIOUS EVENTS |
| DUFFY'S HOPE | ||||||||
| 100 WEST 10TH STREET SUITE 9 | WILMINGTON | DE | 19801 | 061652976 | 501C3 | $5,700 | $0 | SPONSORSHIP OF VARIOUS EVENTS |
| EASTER SEALS | ||||||||
| 61 CORPORATE CIRCLE | NEW CASTLE | DE | 19720 | 510066728 | 501C3 | $5,200 | $0 | DONATION |
| GRAND OPERA HOUSE | ||||||||
| 818 N MARKET STREET | WILMINGTON | DE | 19801 | 510116569 | 501C3 | $13,000 | $0 | SPONSORSHIP OF ANNUAL GALA AND GOLF CLASSIC |
| JUNIOR ACHIEVEMENT OF DE INC | ||||||||
| 522 WALNUT STREET | WILMINGTON | DE | 19801 | 510078199 | 501C3 | $8,000 | $0 | SPONSORSHIP OF VARIOUS EVENTS |
| NEW CASTLE CHAMBER OF COMMERCE | ||||||||
| 920 JUSTISON STREET | WILMINGTON | DE | 19801 | 510098307 | 501C3 | $13,750 | $0 | SPONSORSHIP OF VARIOUS EVENTS |
| PENN ACRES SWIM CLUB INC | ||||||||
| PO BOX 694 | NEW CASTLE | DE | 19720 | 510097316 | 501C7 | $12,500 | $0 | DONATION |
| RONALD MCDONALD HOUSE | ||||||||
| 1901 ROCKLAND ROAD | WILMINGTON | DE | 19803 | 510295320 | 501C3 | $6,000 | $0 | SPONSORSHIP OF 5K SERIES AND WINE WOMEN & SHOES EVENT |
| THE MARY CAMPBELL CENTER | ||||||||
| 4641 WELDIN ROAD | WILMINGTON | DE | 19803 | 237089122 | 501C3 | $6,000 | $0 | SPONSORSHIP OF GOLF INVITATIONAL |
| WILMINGTON BLUE ROCKS LP | ||||||||
| 801 SHIPYARD DRIVE | WILMINGTON | DE | 19801 | 510344185 | 501C3 | $8,000 | $0 | SPONSORSHIP OF THE 2025 SEASON |
| ZIP CODE WILMINGTON INC | ||||||||
| 1007 N ORANGE STREET FLOOR FOUR | WILMINGTON | DE | 19801 | 473853334 | 501C3 | $5,500 | $0 | 10TH ANNIVERSARY INNOVATION SPONSOR |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 12 | Total501c3OrgCnt |
| Total Other Org | 1 | TotalOtherOrgCnt |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp (2 entries)
| Grant TypeGrantTypeTxt | RecipientRecipientCnt | Cash GrantCashGrantAmt | Non Cash AssistanceNonCashAssistanceAmt | Valuation Method UsedValuationMethodUsedDesc | Non Cash AssistanceNonCashAssistanceDesc |
|---|---|---|---|---|---|
| FEDERAL FINANCIAL AID (PELL, SEOG, & TEACH) | 3041 | $14,587,920 | |||
| UNIVERSITY FUNDED & DONOR DESIGNATED SCHOLARSHIPS | 2722 | $6,468,519 | BOOK | CREDIT TO STUDENT ACCOUNTS |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 2: | FormAndLineReferenceDesc |
| Explanation | THE UNIVERSITY'S PROCEDURES FOR MONITORING THE USE OF SCHOLARSHIPS AND FEDERAL FINANCIAL AID AWARDED TO STUDENTS ARE BASED UPON GUIDELINES PROVIDED BY THE U.S. DEPARTMENT OF EDUCATION. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantiation Required | Yes (1) | SubstantiationRequiredInd |
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Independent Consultant | Yes (X) | IndependentConsultantInd |
| Form990 Of Other Organizations | Yes (X) | Form990OfOtherOrganizationsInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | Yes (1) | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | Yes (1) | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | Yes (1) | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (10 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| HEATHER O'CONNELL | ||||||||||||||
| VICE PRESIDENT (THRU 2/29/24) | $60,359 | $0 | $206,360 | $0 | $2,093,922 | $0 | $15,418 | $0 | $8,404 | $0 | $2,384,463 | $0 | $1,141,049 | $0 |
| LAVERNE T HARMON | ||||||||||||||
| PRESIDENT | $618,261 | $0 | $715,600 | $0 | $18,327 | $0 | $20,700 | $0 | $41,379 | $0 | $1,414,267 | $0 | $0 | $0 |
| ERIN J DIMARCO | ||||||||||||||
| SR. VICE PRESIDENT & COO | $376,227 | $0 | $275,040 | $0 | $9,915 | $0 | $42,848 | $0 | $42,998 | $0 | $747,028 | $0 | $0 | $0 |
| LLOYD RICKETTS | ||||||||||||||
| SR. VICE PRESIDENT, CFO & TREASURER | $347,263 | $0 | $240,000 | $0 | $10,218 | $0 | $34,921 | $0 | $35,499 | $0 | $667,901 | $0 | $0 | $0 |
| PHILLIP CLOSIUS | ||||||||||||||
| DEAN | $379,278 | $0 | $140,000 | $0 | $13,058 | $0 | $20,700 | $0 | $44,253 | $0 | $597,289 | $0 | $0 | $0 |
| CAROLE D PITCHER | ||||||||||||||
| FORMER VICE PRESIDENT | $0 | $0 | $0 | $0 | $592,858 | $0 | $0 | $0 | $0 | $0 | $592,858 | $0 | $0 | $0 |
| JAMES WILSON JR | ||||||||||||||
| PROFESSOR | $273,098 | $0 | $158,100 | $0 | $11,530 | $0 | $78,803 | $0 | $38,189 | $0 | $559,720 | $0 | $0 | $0 |
| CHRISTIAN TROWBRIDGE | ||||||||||||||
| VICE PRESIDENT | $284,068 | $0 | $143,640 | $0 | $8,109 | $0 | $25,145 | $0 | $1,592 | $0 | $462,554 | $0 | $0 | $0 |
| JACQUELINE VARSALONA | ||||||||||||||
| VICE PRESIDENT | $253,078 | $0 | $143,640 | $0 | $10,067 | $0 | $23,636 | $0 | $15,592 | $0 | $446,013 | $0 | $0 | $0 |
| DENISE WELLS | ||||||||||||||
| VICE PRESIDENT | $221,998 | $0 | $50,000 | $0 | $13,249 | $0 | $13,875 | $0 | $28,145 | $0 | $327,267 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART I, LINES 4A-B | CAROLE PITCHER, FORMER VICE PRESIDENT AND HEATHER O'CONNELL, VICE PRESIDENT RECEIVED A SEVERANCE PAYMENT OF $409,300 AND $340,000, RESPECTIVELY DURING CALENDAR YEAR 2024 REPORTED IN COL. B(III) OF SCHEDULE J. EFFECTIVE JULY 1, 2003, THE UNIVERSITY ADOPTED THE SUPPLEMENTAL RETENTION AND RETIREMENT PLAN (SERRP), AN UNFUNDED DEFINED BENEFIT RETIREMENT PLAN FOR SENIOR EXECUTIVES. THE PURPOSE OF THE PLAN IS TO REWARD PERFORMANCE, LOYALTY AND CONTINUOUS SERVICE OF THOSE INDIVIDUALS SELECTED AS PARTICIPANTS IN THE PLAN. UNDER THE TERMS OF THE PLAN, THE UNIVERSITY WILL PAY PARTICIPANTS THE LUMP SUM EQUIVALENT VALUE OF A LIFE ANNUITY PAYING 60% OF THE AVERAGE OF THE PARTICIPANT'S THREE FINAL CALENDAR YEARS OF BASE SALARY AND ANNUAL INCENTIVE COMPENSATION. THE BENEFIT IS OFFSET FOR EMPLOYER CONTRIBUTIONS (AND RELATED EARNINGS) TO THE 403(B) SAVINGS PLAN AS WELL AS THE EMPLOYER-PROVIDED PORTION OF SOCIAL SECURITY. SERRP BENEFITS VEST UPON A PARTICIPANT ATTAINING AGE 65 WITH 25 YEARS OF SERVICE. ANY PARTICIPANT WHO LEAVES THE SERVICE OF THE UNIVERSITY BEFORE REACHING BOTH OF THESE MILESTONES IS NOT ELIGIBLE TO RECEIVE A BENEFIT FROM THE PLAN. EFFECTIVE DECEMBER 31, 2014, THE ACTUARIAL EQUIVALENT LUMP SUM BENEFIT PAYABLE AT AGE 65 WAS SET AT A FIXED AMOUNT. WHILE THE CHANGE IN THE PRESENT VALUE INCLUDES CHANGES IN THE DISCOUNT RATE USED FOR ACCOUNTING PURPOSES, THE ACTUAL LUMP SUM IS BASED ON A FIXED INTEREST RATE OF 6%. THE AMOUNTS REPORTED IN THIS FORM 990 REPRESENT THE INCREASE/(DECREASE) IN THE PRESENT VALUE OF THE ACCRUED BENEFIT (WITHOUT REGARD TO VESTING). THE NET INCREASE/(DECREASE) IN THE PRESENT VALUE OF THE ACCRUED BENEFIT BY PARTICIPANTS INCLUDED ON SCHEDULE J IS: ERIN DIMARCO, $4,172, AND JAMES WILSON, JR. $52,790. HEATHER O'CONNELL PARTICIPATED IN THE SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN AND RECEIVED $1,531,758 DURING CALENDAR YEAR 2024. THIS AMOUNT WAS THE FULL AND FINAL LUMP SUM BENEFIT PAYMENT THAT HAD BEEN ACCRUED AND THE VESTED AMOUNT IS REPORTED IN COL. B(III). |
| PART I, LINE 7 | THE UNIVERSITY PROVIDES BONUSES TO THE INDIVIDUALS LISTED ON SCHEDULE J. IT UTILIZES A NUMBER OF PERFORMANCE OBJECTIVES TO DETERMINE THE BONUS AMOUNTS. THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES MEETS TO SPECIFICALLY DISCUSS EXECUTIVE BONUS AMOUNTS. THE COMMITTEE UTILIZES AN INDEPENDENT COMPENSATION CONSULTANT THAT PROVIDES INFORMATION FROM A VARIETY OF COMPENSATION STUDIES AND SURVEYS INCLUDING 990'S. THE COMMITTEE FOLLOWED THE PROCESS TO ESTABLISH THE PRESUMPTION THAT COMPENSATION PAID TO THE ORGANIZATION'S PRESIDENT AND OTHER TOP MANAGEMENT FOR PURPOSES OF SECTION 4958 BY RELYING ON PROFESSIONAL ADVICE IN THE WRITTEN OPINION OF REASONABLENESS FROM THE INDEPENDENT COMPENSATION CONSULTANT. ONCE ALL OF THIS INFORMATION IS GATHERED AND REVIEWED, THE COMMITTEE APPROVES THE BONUS FOR EACH EXECUTIVE. ALL COMPENSATION, INCLUDING COMPENSATION COMMITTEE APPROVED BONUSES, ARE REPORTED TO THE FULL BOARD OF TRUSTEES. |
Schedule K IRS990ScheduleK
Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
Issuer Name IssuerName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE DELAWARE ECONOMIC DEVELOPMENT AUTHORITY | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Issuer EIN | 510269736 | BondIssuerEIN |
| Bond Issued | 2023-05-25 | BondIssuedDt |
| Issue Price | $45,000,000 | IssuePriceAmt |
| Purpose | SEE PART VI | PurposeDesc |
| Defeased | 0 | DefeasedInd |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuerInd |
| Pool Financing | 0 | PoolFinancingInd |
Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Total Proceeds | $45,000,000 | TotalProceedsAmt |
| Issuance Costs From Proceeds | $142,110 | IssuanceCostsFromProceedsAmt |
| Capital Expenditures | $38,991,177 | CapitalExpendituresAmt |
| Other Spent Proceeds | $225,000 | OtherSpentProceedsAmt |
| Unspent | $5,641,713 | UnspentAmt |
| Refunding Tax Exempt Bonds | 0 | RefundingTaxExemptBondsInd |
| Refunding Taxable Bonds | 0 | RefundingTaxableBondsInd |
| Final Allocation Made | 0 | FinalAllocationMadeInd |
| Adequate Books And Rec Maint | Yes (1) | AdequateBooksAndRecMaintInd |
Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Owning Bond Financed Property | 0 | OwningBondFinancedPropertyInd |
| Any Lease Arrangements | 0 | AnyLeaseArrangementsInd |
| Mgmt Contract Bond Fincd Prop | 0 | MgmtContractBondFincdPropInd |
| Any Research Agreements | 0 | AnyResearchAgreementsInd |
| Private Bus Use By Others | 0.00000 | PrivateBusUseByOthersPct |
| Private Bus Concerning UBI | 0.00000 | PrivateBusConcerningUBIPct |
| Total Private Business Use | 0.00000 | TotalPrivateBusinessUsePct |
| Bond Iss Meet Prvt Sec Pymt Test | 0 | BondIssMeetPrvtSecPymtTestInd |
| Change In Use Bond Financed Prop | 0 | ChangeInUseBondFinancedPropInd |
| Procs Nonqualified Bond Remdtd | Yes (1) | ProcsNonqualifiedBondRemdtdInd |
Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Form8038 T Filed | 0 | Form8038TFiledInd |
| Rebate Not Due Yet | 0 | RebateNotDueYetInd |
| Exception To Rebate | 0 | ExceptionToRebateInd |
| No Rebate Due | 0 | NoRebateDueInd |
| Variable Rate Issue | 0 | VariableRateIssueInd |
| Hedge Identified In Bks And Rec | 0 | HedgeIdentifiedInBksAndRecInd |
| Gross Proceeds Invested In GIC | 0 | GrossProceedsInvestedInGICInd |
| Gross Proceeds Invested | 0 | GrossProceedsInvestedInd |
| Written Proc To Monitor Reqs | Yes (1) | WrittenProcToMonitorReqsInd |
Procedures Corrective Action ProceduresCorrectiveActionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Procedures Corrective Action | Yes (1) | ProceduresCorrectiveActionInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, COLUMN F, DESCRIPTION OF PURPOSE: | FormAndLineReferenceDesc |
| Explanation | REVENUE BOND (WILMINGTON UNIVERSITY PROJECT) SERIES 2023. TO PARTIALLY FINANCE THE EXPANSION OF ITS BRANDYWINE CAMPUS THAT INCLUDES CONSTRUCTION OF THREE-STORY LAW SCHOOL BUILDING AND TWO-STORY CONVOCATION CENTER BUILDING. | ExplanationTxt |
Schedule L IRS990ScheduleL
Loans Btwn Org Interested Prsn LoansBtwnOrgInterestedPrsnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | LAVERNE HARMON | PersonNm |
| Relationship With Org | EMPLOYEE | RelationshipWithOrgTxt |
| Loan Purpose | SPLIT DOLLAR LIFE POLICY | LoanPurposeTxt |
| Loan From Organization | Yes (X) | LoanFromOrganizationInd |
| Original Principal | $75,000 | OriginalPrincipalAmt |
| Balance Due | $100,000 | BalanceDueAmt |
| Default | 0 | DefaultInd |
| Board Or Committee Approval | Yes (1) | BoardOrCommitteeApprovalInd |
| Written Agreement | Yes (1) | WrittenAgreementInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Balance Due | $100,000 | TotalBalanceDueAmt |
Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp (5 entries)
| Relationship DescriptionRelationshipDescriptionTxt | TransactionTransactionAmt | TransactionTransactionDesc | Sharing Of RevenuesSharingOfRevenuesInd |
|---|---|---|---|
| LAURA MORRIS | |||
| FAMILY MEMBER OF TRUSTEE, THOMAS E. LEIPOLD. | $158,895 | EMPLOYMENT | 0 |
| ROBERT MILLER | |||
| FAMILY MEMBER OF TRUSTEE, LAWRENCE H. MILLER | $264,068 | EMPLOYMENT | 0 |
| LUCIA NEMETH | |||
| FAMILY MEMBER OF TRUSTEE, DANA P. ROBINSON | $159,684 | EMPLOYMENT | 0 |
| JESSICA MILLER | |||
| FAMILY MEMBER OF TRUSTEE, LAWRENCE H. MILLER | $21,849 | EMPLOYMENT | 0 |
| TYLER WELLS | |||
| FAMILY MEMBER OF KEY EMPLOYEE, DENISE WELLS | $212,052 | EMPLOYMENT | 0 |
Schedule M IRS990ScheduleM
Securities Publicly Traded SecuritiesPubliclyTradedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 3 | ContributionCnt |
| Noncash Contributions Rpt F990 | $52,547 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | FMV | MethodOfDeterminingRevenuesTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form8283 Received | 0 | Form8283ReceivedCnt |
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeldInd |
| Review Process Unusual NC Gifts | 0 | ReviewProcessUnusualNCGiftsInd |
| Third Parties Used | 0 | ThirdPartiesUsedInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, COLUMN (B): | FormAndLineReferenceDesc |
| Explanation | THE NUMBER OF CONTRIBUTIONS IS BASED ON THE NUMBER OF ITEMS CONTRIBUTED. | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (7 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 2 | JOSEPH J. FARNAN, JR, TRUSTEE AND MICHAEL J. FARNAN, TRUSTEE HAVE A FAMILIAL RELATIONSHIP. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE FORM 990 IS PREPARED AND REVIEWED BY AN EXTERNAL ACCOUNTING FIRM. FOLLOWING THIS EXTERNAL REVIEW, THE UNIVERSITY'S CFO, PRESIDENT, AND FINANCE & AUDIT COMMITTEE CONDUCT THE INTERNAL REVIEW. SUBSEQUENTLY, A COPY OF THE FORM 990 IS DISTRIBUTED TO EACH BOARD MEMBER FOR REVIEW BEFORE IT IS FILED WITH THE IRS. |
| FORM 990, PART VI, SECTION B, LINE 12C | THE UNIVERSITY'S CONFLICTS OF INTEREST POLICY APPLIES TO ALL MEMBERS OF THE GOVERNING BODY, OFFICERS, AND KEY EMPLOYEES. POTENTIAL CONFLICTS ARE IDENTIFIED THROUGH ANNUAL DISCLOSURES AND AS SITUATIONS ARISE. DETERMINATIONS OF WHETHER A CONFLICT EXISTS ARE MADE BY MANAGEMENT, AND ACTUAL CONFLICTS ARE REVIEWED BY THE GOVERNING BODY OR A DESIGNATED BOARD COMMITTEE. INDIVIDUALS WITH A CONFLICT ARE PROHIBITED FROM PARTICIPATING IN DELIBERATIONS AND DECISIONS RELATED TO THE MATTER AND MAY BE ASKED TO RECUSE THEMSELVES FROM MEETINGS DURING THOSE DISCUSSIONS. THE ORGANIZATION PERIODICALLY REVIEWS COMPLIANCE AND MAINTAINS PROCEDURES TO ADDRESS AND RESOLVE ANY IDENTIFIED CONFLICTS. |
| FORM 990, PART VI, SECTION B, LINE 15 | THE PROCESS FOR DETERMINING COMPENSATION FOR THE ORGANIZATION'S PRESIDENT AND OTHER TOP MANAGEMENT IS MODELED AFTER THE REQUIREMENTS IN INTERNAL REVENUE CODE 4958 TO ESTABLISH THE PRESUMPTION OF REASONABLE COMPENSATION. THE BOARD OF TRUSTEES DELEGATES THE AUTHORITY TO REVIEW AND APPROVE THE PRESIDENTS AND OTHER TOP MANAGEMENTS COMPENSATION TO A COMPENSATION COMMITTEE (THE COMMITTEE). THE COMMITTEE IS COMPRISED OF INDEPENDENT MEMBERS OF THE BOARD OF TRUSTEES AND MEETS AT LEAST TWICE A YEAR. BY ENGAGING AN INDEPENDENT COMPENSATION CONSULTANT, THE COMMITTEE CONSIDERED COMPARABLE MARKET DATA FROM PUBLISHED SURVEYS AND FORM 990 OF COMPARABLE ORGANIZATIONS IN EVALUATING THE COMPENSATION FOR EACH INDIVIDUAL. THE COMMITTEE CONDUCTED A REVIEW OF THIS COMPARABILITY DATA AND DOCUMENTED ITS DELIBERATION AND DISCUSSION IN MINUTES THAT ARE RETAINED WITH OTHER GOVERANCE MATERIALS OF THE ORGANIZATION. THE COMMITTEE FOLLOWED THE PROCESS TO ESTABLISH THE PRESUMPTION THAT COMPENSATION PAID TO THE ORGANIZATION'S PRESIDENT AND OTHER TOP MANAGEMENT FOR PURPOSES OF SECTION 4958 BY RELYING ON PROFESSIONAL ADVICE IN THE WRITTEN OPINION OF REASONABLENESS FROM THE INDEPENDENT COMPENSATION CONSULTANT. THE COMMITTEE INFORMS THE BOARD OF ITS DECISIONS AT THE NEXT BOARD MEETING. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE UNIVERSITY PROVIDES GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, FINANCIAL STATEMENTS, AND FORM 990 WITHOUT SCHEDULE B UPON REQUEST FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN SECTION 6104(D). |
| FORM 990, PART XI, LINE 9: | PENSION RELATED CHANGES -8,429. |
| FORM 990, PART XII, LINE 2C, PROCESS FOR OVERSIGHT OF THE AUDIT: | THE PROCESS HAS NOT CHANGED FROM THE PREVIOUS YEAR. |
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