Form990
Click to see attachment
Department of the Treasury
Internal Revenue Service
Return of Organization Exempt From Income Tax
Under section 501(c), 527, or 4947(a)(1) of the Internal Revenue Code (except black lung benefit trust or private foundation)

MediumBullet The organization may have to use a copy of this return to satisfy state reporting requirements.
OMB No. 1545-0047
2010
Open to Public Inspection
A For the calendar year, or tax year beginning 07-01-2010 and ending 06-30-2011
BCheck if applicable:
CName of organization
DREXEL UNIVERSITY
 
Doing Business As
 
 
Number and street (or P.O. box if mail is not delivered to street address)
3201 ARCH STREET NO 420
 
Room/suite
City or town, state or country, and ZIP + 4
PHILADELPHIA, PA191042875
D Employer identification number

23-1352630
E Telephone number

G Gross receipts $ 937,476,559
F Name and address of principal officer:
JOHN A FRY
3141 CHESTNUT ST
PHILADELPIA,PA19104
I
Tax-exempt status: (   ) LeftBullet (insert no.) or
J
Website:MediumBullet
WWW.DREXEL.EDU
H(a)
Is this a group return for
affiliates?
H(b)
Are all affiliates included?
If "No," attach a list. (see instructions)
H(c)
Group exemption number MediumBullet  
K Form of organization:
 
L Year of formation: 1891
M State of legal domicile: PA
Part I
Summary
Activities & Governance 1 Briefly describe the organization’s mission or most significant activities: INTEGRATED ACADEMIC OFFERINGS ENHANCED BY TECHNOLOGY, COOPERATIVE EDUCATION AND CLINICAL PRACTICE
2 Check this box MediumBullet
3 Number of voting members of the governing body (Part VI, line 1a) .... 3 39
4 Number of independent voting members of the governing body (Part VI, line 1b) .... 4 32
5 Total number of individuals employed in calendar year 2010 (Part V, line 2a) ... 5 9,628
6 Total number of volunteers (estimate if necessary) .... 6 1,254
7a Total unrelated business revenue from Part VIII, column (C), line 12 .. 7a 3,324,378
b Net unrelated business taxable income from Form 990-T, line 34 .. 7b -440,216
Revenues; Prior Year Current Year
8 Contributions and grants (Part VIII, line 1h) ......... 96,207,942 185,526,251
9 Program service revenue (Part VIII, line 2g) ......... 569,481,488 629,395,436
10 Investment income (Part VIII, column (A), lines 3, 4, and 7d ) .... 9,735,979 25,524,536
11 Other revenue (Part VIII, column (A), lines 5, 6d, 8c, 9c, 10c, and 11e) 5,294,980 7,155,435
12 Total revenue—add lines 8 through 11 (must equal Part VIII, column (A), line 12)................... 680,720,389 847,601,658
Expenses; 13 Grants and similar amounts paid (Part IX, column (A), lines 1–3 )... 168,723,663 180,624,725
14 Benefits paid to or for members (Part IX, column (A), line 4) .... 0 0
15 Salaries, other compensation, employee benefits (Part IX, column (A), lines 5–10) 328,534,266 349,177,305
16a Professional fundraising fees (Part IX, column (A), line 11e).... 159,696 159,550
b Total fundraising expenses (Part IX, column (D), line 25) MediumBullet12,028,660    
17 Other expenses (Part IX, column (A), lines 11a–11d, 11f–24f).... 206,630,764 215,102,853
18 Total expenses. Add lines 13–17 (must equal Part IX, column (A), line 25) 704,048,389 745,064,433
19 Revenue less expenses. Subtract line 18 from line 12...... -23,328,000 102,537,225
Net Assets or Fund Balances; Beginning of Current Year End of Year
20 Total assets (Part X, line 16)............ 1,068,943,000 1,338,520,562
21 Total liabilities (Part X, line 26)............ 594,113,000 700,545,840
22 Net assets or fund balances. Subtract line 21 from line 20 ..... 474,830,000 637,974,722
Part II
Signature Block
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than officer) is based on all information of which preparer has any knowledge.
Sign Here
JumboBullet
Signature of officer Date
JumboBullet
Type or print name and title.
Paid Preparer's Use Only Preparer's
signatureBig Right Arrow 		Date
right pointing bullet image Preparer’s taxpayer identification number
(see instructions)
Firm’s name (or yours
if self-employed),
address, and ZIP + 4Big Right Arrow




 		EIN right pointing bullet image
Phone no. right pointing bullet image
May the IRS discuss this return with the preparer shown above? (see instructions) .........
For Privacy Act and Paperwork Reduction Act Notice, see the separate instructions.
Cat. No. 11282Y
Form 990 (2010)
Form 990 (2010)
Page 2
Part III
Statement of Program Service Accomplishments
Check if Schedule O contains a response to any question in this Part III . . . . . . . . . .
1
Briefly describe the organization’s mission: DREXEL UNIVERSITY FULFILLS OUR FOUNDER'S VISION OF PREPARING EACH NEW GENERATION OF STUDENTS FOR PRODUCTIVE PROFESSIONAL AND CIVIC LIVES WHILE ALSO FOCUSING OUR COLLECTIVE EXPERTISE ON SOLVING SOCIETY'S GREAT PROBLEMS. DREXEL IS AN ACADEMICALLY COMPREHENSIVE, GLOBALLY ENGAGED, URBAN RESEARCH UNIVERSITY, DEDICATED TO ADVANCING KNOWLEDGE AND SOCIETY AND TO PROVIDING EVERY STUDENT WITH A VALUABLE, RIGOROUS, EXPERIENTIAL, TECHNOLOGY-INFUSED EDUCATION, ENRICHED BY THE NATION'S PREMIER CO-OPERATIVE EDUCATION PROGRAM.
2
Did the organization undertake any significant program services during the year which were not listed on
the prior Form 990 or 990-EZ? ....................
If “Yes,” describe these new services on Schedule O.
3
Did the organization cease conducting, or make significant changes in how it conducts, any program services? ..........................
If “Yes,” describe these changes on Schedule O.
4
Describe the exempt purpose achievements for each of the organization’s three largest program services by expenses.
Section 501(c)(3) and 501(c)(4) organizations and section 4947(a)(1) trusts are required to report the amount of grants and allocations to others, the total expenses, and revenue, if any, for each program service reported.
4a (Code:   ) (Expenses $ 571,022,638 including grants of $ 168,866,529 ) (Revenue $ 625,151,754 )
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 120 GRADUATE AND PROFESSIONAL DEGREE PROGRAMS. THE UNIVERSITY'S MISSION ENCOMPASSES A WIDE RANGE OF DISCIPLINES INCLUDING MEDICINE AND LAW AND SERVES TRADITIONAL, ADULT AND ONLINE STUDENTS.IN MAY 2011 DREXEL ANNOUNCED AN AFFILIATION WITH THE ACADEMY OF NATURAL SCIENCES OF PHILADELPHIA, AMERICA'S OLDEST MAJOR NATURAL HISTORY MUSEUM AND A WORLD LEADER IN NATURAL SCIENCES EDUCATION AND RESEARCH. THIS UNIQUE UNION WILL SERVE AS A NATIONAL MODEL FOR PARTNERSHIPS BETWEEN ACADEMIC INSTITUTIONS TO INCREASE THEIR CREATIVITY AND STABILITY. THE AFFILIATION IS EXPECTED TO LEAD TO MANY NEW EDUCATIONAL OPPORTUNITIES FOR DREXEL STUDENTS, INCLUDING A NEW ACADEMIC DEPARTMENT AND MAJOR, BIODIVERSITY, EARTH AND ENVIRONMENTAL SCIENCES, BUILDING ON THE STRENGTHS OF BOTH INSTITUTIONS.DREXEL CONTINUED TO EXPAND ITS ACADEMIC OFFERINGS IN FY11. THE UNIVERSITY'S COLLEGE OF INFORMATION SCIENCE AND TECHNOLOGY ANNOUNCED A HEALTH INFORMATICS MASTER'S DEGREE PROGRAM, PREPARING MEDICAL AND INFORMATION PROFESSIONALS TO NAVIGATE THE DIGITAL LANDSCAPE OF TODAY'S HEALTH SYSTEM. AND DREXEL SIGNED AN AGREEMENT WITH SHANGHAI JIAO TONG UNIVERSITY IN CHINA TO CREATE AN INTERNATIONAL BIOMEDICAL ENGINEERING DOCTORAL PROGRAM. DREXEL'S CENTER FOR GRADUATE STUDIES IN SACRAMENTO, CALIF., ALSO GRADUATED ITS FIRST CLASS OF NEARLY 100 PROFESSIONALS. DREXEL'S SIGNATURE CO-OPERATIVE EDUCATION PROGRAM ALLOWS UNDERGRADUATE STUDENTS TO PREPARE FOR SUCCESS BY ALTERNATING PERIODS OF CLASSROOM STUDY WITH PAID, REAL-WORLD PROFESSIONAL EXPERIENCE IN THEIR FIELD. EVEN IN THE MIDST OF A SIGNIFICANT RECESSION, DREXEL PLACED 98 PERCENT OF PARTICIPANTS IN CO-OP POSITIONS IN FALL 2010, SENDING MORE THAN 2,000 STUDENTS TO BEGIN SIX-MONTH EXPERIENCES ACROSS 73 MAJOR FIELDS.ONE OF DREXEL'S HIGHEST PRIORITIES IS INCREASING ACCESS TO HIGHER EDUCATION FOR YOUNG PEOPLE REGARDLESS OF MEANS. IN THAT SPIRIT, THE UNIVERSITY LAUNCHED ITS LIBERTY SCHOLARS PROGRAM, PROVIDING FULL TUITION AND FEES FOR 50 HIGH-POTENTIAL PHILADELPHIA STUDENTS EACH YEAR WITH SIGNIFICANT FINANCIAL NEED. LIBERTY SCHOLARS ALSO RECEIVE MENTORING AND ACADEMIC AND COUNSELING SUPPORT.DREXEL CONTINUES TO LEVERAGE THE SUPPORT OF ALUMNI AND OTHER FRIENDS WHO ARE COMMITTED TO THE SUCCESS OF THE UNIVERSITY'S UNIQUE BRAND OF EDUCATION. THE STUDENT EXPERIENCE WILL BE ENHANCED BY NEW FACILITIES SUCH AS STATE-OF-THE-ART ACADEMIC CENTER FOR BUSINESS EDUCATION MADE POSSIBLE BY A $45 MILLION GIFT IN 2011 FROM BENNETT S. LEBOW, CLASS OF 1960, AND THE NEW JAMES E. MARKS INTERCULTURAL CENTER, CONCEIVED BY THE BENEFACTOR TO PROVIDE A HUB FOR PROGRAMS AND EVENTS FOSTERING CULTURAL AND RELIGIOUS RESPECT AND UNDERSTANDING. DREXEL'S EXTENSIVE COMMUNITY-SERVICE AND NEIGHBORHOOD-BUILDING EFFORTS ATTRACTED THE SUPPORT OF PHILIP B. LINDY, WHO CONTRIBUTED $15 MILLION TO ESTABLISH THE LINDY CENTER FOR CIVIC ENGAGEMENT TO HELP DREXEL CONNECT STUDENTS TO SERVICE OPPORTUNITIES AND MAKE AN EVEN BIGGER IMPACT ON ITS COMMUNITY.DREXEL IS ALSO A PIONEER IN ONLINE EDUCATION, OPENING UP NEW OPPORTUNITIES FOR WORKING PEOPLE AROUND THE NATION WHILE ENSURING THAT ONLINE STUDENTS HAVE AN ACADEMIC EXPERIENCE AS FULFILLING AS ON-CAMPUS STUDENTS. THE UNIVERSITY RECEIVED THE 2010 SLOAN CONSORTIUM AWARD FOR EXCELLENCE IN INSTITUTION-WIDE ONLINE EDUCATION, AND DREXEL'S OFFICE OF STUDENT LIFE RECEIVED TWO 2011 EXCELLENCE AWARDS FROM NASPA (STUDENT AFFAIRS ADMINISTRATORS IN HIGHER EDUCATION) FOR ITS EFFORTS TO ENGAGE ONLINE STUDENTS. UNDERGRADUATE ENROLLMENT FOR ACADEMIC YEAR 2010-2011 = 13,980GRADUATE ENROLLMENT FOR ACADEMIC YEAR 2010-2011 = 8,134 NUMBER OF DEGREES CONFERRED IN ACADEMIC YEAR 2010-2011: ASSOCIATE DEGREES = 27 BACHELOR'S DEGREES = 2,667 MASTER'S DEGREES = 2,012 DOCTORAL DEGREES = 326 CERTIFICATES AND OTHER = 142
4b (Code:   ) (Expenses $ 86,006,000 including grants of $ 11,758,196 ) (Revenue $ 8,257,944 )
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 INCREASING EXTRAMURAL SUPPORT, INCLUDING SPONSORED RESEARCH FUNDING OF $119.4 MILLION IN FY2011. DREXEL IS SPECIFICALLY COMMITTED TO TRANSLATIONAL RESEARCH, RIGOROUS ACADEMIC WORK THAT TANGIBLY TRANSLATES INTO INTELLECTUAL PROGRESS AND SOCIAL GOOD. THE UNIVERSITY RECEIVED A MAJOR VOTE OF CONFIDENCE IN ITS ABILITY TO MEET SOCIETY'S NEEDS BY MOVING HEALTHCARE DISCOVERIES INTO THE COMMERCIAL AND CLINICAL SPHERES, WHEN THE WALLACE H. COULTER FOUNDATION ANNOUNCED A $10 MILLION GRANT TO HELP DREXEL ESTABLISH A $20 MILLION ENDOWMENT FOR TRANSLATIONAL RESEARCH IN BIOMEDICAL ENGINEERING. TECHNOLOGY DEVELOPED AT DREXEL THAT IS CLOSE TO REACHING CLINICAL USE INCLUDES A REVOLUTIONARY HANDHELD BREAST CANCER SCREENING DEVICE, NOVEL THERAPEUTICS FOR GENETIC DISEASES AND HAND STERILIZATION TECHNOLOGY UTILIZING THE CUTTING-EDGE, DREXEL-LED FIELD OF PLASMA MEDICINE.THE UNIVERSITY'S AFFILIATION WITH THE ACADEMY OF NATURAL SCIENCES IS OPENING UP NEW AVENUES FOR RESEARCH INTO AREAS OF GREAT BENEFIT TO SOCIETY. THOSE FIELDS INCLUDE ENVIRONMENTAL DEGRADATION, BIODIVERSITY, GLOBAL ECOSYSTEM INTERACTIONS AND SUSTAINABILITY.DURING FY11, DREXEL UNIVERSITY CONDUCTED RESEARCH ON THE FOLLOWING RESEARCH GRANTS:FEDERALLY SPONSORED RESEARCH - 542 GRANTSSTATE OF PENNSYLVANIA SPONSORED RESEARCH - 44 GRANTSCITY OF PHILADELPHIA CONTRACTS - 12 GRANTSPRIVATE FOUNDATION SPONSORED RESEARCH - 119 GRANTSINDUSTRY SPONSORED RESEARCH - 60 GRANTS
4c (Code:   ) (Expenses $   including grants of $   ) (Revenue $   )
4d Other program services. (Describe in Schedule O.)
(Expenses $   including grants of $   ) (Revenue $   )
4e Total program service expensesMediumBullet$ 657,028,638
Form 990 (2010)
Form 990 (2010)
Page 3
Part IV
Checklist of Required Schedules
Yes
No
1
Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)? If “Yes,” complete Schedule AClick to see attachment.....................
1
Yes
 
2
Is the organization required to complete Schedule B, Schedule of Contributors? Click to see attachment........
2
Yes
 
3
Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates for public office? If “Yes,” complete Schedule C, Part IClick to see attachment..........
3
 
No
4
Section 501(c)(3) organizations. Did the organization engage in lobbying activities? If “Yes,” complete Schedule C,
Part IIClick to see attachment.........................
4
Yes
 
5
Is the organization a section 501(c)(4), 501(c)(5), or 501(c)(6) organization that receives membership dues, assessments, or similar amounts as defined in Revenue Procedure 98-19? If “Yes,” complete Schedule C, Part III........................
5
 
 
6
Did the organization maintain any donor advised funds or any similar funds or accounts where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts? If “Yes,” complete
Schedule D, Part IClick to see attachment.......................
6
 
No
7
Did the organization receive or hold a conservation easement, including easements to preserve open space,
the environment, historic land areas or historic structures? If “Yes,” complete Schedule D, Part IIClick to see attachment...
7
 
No
8
Did the organization maintain collections of works of art, historical treasures, or other similar assets? If “Yes,” complete Schedule D, Part III Click to see attachment....................
8
Yes
 
9
Did the organization report an amount in Part X, line 21; serve as a custodian for amounts not listed in Part X; or provide credit counseling, debt management, credit repair, or debt negotiation services? If “Yes,”
complete Schedule D, Part IVClick to see attachment...................
9
 
No
10
Did the organization, directly or through a related organization, hold assets in term, permanent,or quasi-endowments? If “Yes,” complete Schedule D, Part VClick to see attachment
10
Yes
 
11
If the organization’s answer to any of the following questions is ‘Yes,’ then complete Schedule D, Parts VI, VII, VIII, IX, or X as applicable:
a
Did the organization report an amount for land, buildings, and equipment in Part X, line10? If “Yes,” complete Schedule D, Part VI.Click to see attachment
11a
Yes
 
b
Did the organization report an amount for investments—other securities in Part X, line 12 that is 5% or more of its total assets reported in Part X, line 16? If “Yes,” complete Schedule D, Part VII.Click to see attachment
11b
 
No
c
Did the organization report an amount for investments—program related in Part X, line 13 that is 5% or more of its total assets reported in Part X, line 16? If “Yes,” complete Schedule D, Part VIII.Click to see attachment
11c
 
No
d
Did the organization report an amount for other assets in Part X, line 15 that is 5% or more of its total assets reported in Part X, line 16? If “Yes,” complete Schedule D, Part IX.Click to see attachment
11d
 
No
e
Did the organization report an amount for other liabilities in Part X, line 25? If “Yes,” complete Schedule D, Part X.Click to see attachment
11e
Yes
 
f
Did the organization’s separate or consolidated financial statements for the tax year include a footnote that addresses the organization’s liability for uncertain tax positions under FIN 48 (ASC 740)? If “Yes,” complete Schedule D, Part X.Click to see attachment
11f
 
No
12a
Did the organization obtain separate, independent audited financial statements for the tax year? If “Yes,” complete Schedule D, Parts XI, XII, and XIII Click to see attachment
12a
 
No
b
Was the organization included in consolidated, independent audited financial statements for the tax year? If “Yes,” and if the organization answered ‘No’ to line 12a, then completing Schedule D, Parts XI, XII, and XIII is optional Click to see attachment
12b
Yes
 
13
Is the organization a school described in section 170(b)(1)(A)(ii)? If “Yes,” complete Schedule EClick to see attachment
13
Yes
 
14a
Did the organization maintain an office, employees, or agents outside of the United States?....
14a
 
No
b
Did the organization have aggregate revenues or expenses of more than $10,000 from grantmaking, fundraising, business, and program service activities outside the United States? If “Yes,” complete Schedule F, Part I......... Click to see attachment
14b
Yes
 
15
Did the organization report on Part IX, column (A), line 3, more than $5,000 of grants or assistance to any organization or entity located outside the U.S.? If “Yes,” complete Schedule F, Part II.. Click to see attachment
15
Yes
 
16
Did the organization report on Part IX, column (A), line 3, more than $5,000 of aggregate grants or assistance to individuals located outside the U.S.? If “Yes,” complete Schedule F, Part III.. Click to see attachment
16
Yes
 
17
Did the organization report a total of more than $15,000, of expenses for professional fundraising services on Part IX, column (A), lines 6 and 11e? If “Yes,” complete Schedule G, Part IClick to see attachment
17
Yes
 
18
Did the organization report more than $15,000 total of fundraising event gross income and contributions on Part VIII, lines 1c and 8a? If “Yes,” complete Schedule G, Part II.......... Click to see attachment
18
Yes
 
19
Did the organization report more than $15,000 of gross income from gaming activities on Part VIII, line 9a? If “Yes,” complete Schedule G, Part III................... Click to see attachment
19
 
No
Form 990 (2010)
Form 990 (2010)
Page 4
Part IV
Checklist of Required Schedules (continued)
20a
Did the organization operate one or more hospitals? If “Yes,” complete Schedule H.....
20a
 
No
b
Did the organization attach its audited financial statement to this return? Note: All Form 990 filers that operate one or more hospitals must attach audited financial statements. .....
20b
 
 
21
Did the organization report more than $5,000 of grants and other assistance to governments and organizations in the United States on Part IX, column (A), line 1? If “Yes,” complete Schedule I, Parts I and II.. Click to see attachment
21
Yes
 
22
Did the organization report more than $5,000 of grants and other assistance to individuals in the United States on Part IX, column (A), line 2? If “Yes,” complete Schedule I, Parts I and III..... Click to see attachment
22
Yes
 
23
Did the organization answer “Yes” to Part VII, Section A, questions 3, 4, or 5, about compensation of the organization’s current and former officers, directors, trustees, key employees, and highest compensated employees? If “Yes,” complete Schedule J................ Click to see attachment
23
Yes
 
24a
Did the organization have a tax-exempt bond issue with an outstanding principal amount of more than $100,000 as of the last day of the year, that was issued after December 31, 2002? If “Yes,” answer questions 24b–24d and complete Schedule K. If “No,” go to line 25................ Click to see attachment
24a
Yes
 
b
Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception?...
24b
 
No
c
Did the organization maintain an escrow account other than a refunding escrow at any time during the year
to defease any tax-exempt bonds?......................
24c
 
No
d
Did the organization act as an “on behalf of” issuer for bonds outstanding at any time during the year?...
24d
 
No
25a
Section 501(c)(3) and 501(c)(4) organizations. Did the organization engage in an excess benefit transaction with a disqualified person during the year? If “Yes,” complete Schedule L, Part I...... Click to see attachment
25a
 
No
b
Is the organization aware that it engaged in an excess benefit transaction with a disqualified person in a prior year, and that the transaction has not been reported on any of the organization’s prior Forms 990 or 990-EZ? If “Yes,” complete Schedule L, Part I................ Click to see attachment
25b
 
No
26
Was a loan to or by a current or former officer, director, trustee, key employee, highly compensated employee, or disqualified person outstanding as of the end of the organization’s tax year? If “Yes,” complete Schedule L,
Part II........................... Click to see attachment
26
 
No
27
Did the organization provide a grant or other assistance to an officer, director, trustee, key employee, substantial contributor, or a grant selection committee member, or to a person related to such an individual? If “Yes,” complete Schedule L, Part III............... Click to see attachment
27
Yes
 
28
Was the organization a party to a business transaction with one of the following parties? (see Schedule L, Part IV instructions for applicable filing thresholds, conditions, and exceptions):
a
A current or former officer, director, trustee, or key employee? If “Yes,” complete Schedule L, Part IV ......................... Click to see attachment
28a
 
No
b
A family member of a current or former officer, director, trustee, or key employee? If “Yes,”
complete Schedule L, Part IV................... Click to see attachment
28b
Yes
 
c
An entity of which a current or former officer, director, trustee, or key employee (or a family member thereof) was an officer, director, trustee, or owner? If “Yes,” complete Schedule L, Part IV.. Click to see attachment
28c
Yes
 
29
Did the organization receive more than $25,000 in non-cash contributions? If “Yes,” complete Schedule MClick to see attachment
29
Yes
 
30
Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified conservation contributions? If “Yes,” complete Schedule M............ Click to see attachment
30
Yes
 
31
Did the organization liquidate, terminate, or dissolve and cease operations? If “Yes,” complete Schedule N,
Part I........................... Click to see attachment
31
 
No
32
Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets? If “Yes,” complete Schedule N, Part II.......................
32
 
No
33
Did the organization own 100% of an entity disregarded as separate from the organization under Regulations sections 301.7701-2 and 301.7701-3? If “Yes,” complete Schedule R, Part I........ Click to see attachment
33
 
No
34
Was the organization related to any tax-exempt or taxable entity? If “Yes,” complete Schedule R, Parts II, III, IV, and V, line 1..................... Click to see attachment
34
Yes
 
35
Is any related organization a controlled entity within the meaning of section 512(b)(13)? .....
35
Yes
 
a
Did the organization receive any payment from or engage in any transaction with a controlled entity within the meaning of section 512(b)(13)? If “Yes,” complete Schedule R, Part V, line 2... Click to see attachment
36
Section 501(c)(3) organizations. Did the organization make any transfers to an exempt non-charitable related organization? If “Yes,” complete Schedule R, Part V, line 2........... Click to see attachment
36
 
No
37
Did the organization conduct more than 5% of its activities through an entity that is not a related organization and that is treated as a partnership for federal income tax purposes? If “Yes,” complete Schedule R, Part VIClick to see attachment
37
 
No
38
Did the organization complete Schedule O and provide explanations in Schedule O for Part VI, lines 11 and 19? Note. All Form 990 filers are required to complete Schedule O. ............
38
Yes
 
Form 990 (2010)
Form 990 (2010)
Page 5
Part V
Statements Regarding Other IRS Filings and Tax Compliance
Check if Schedule O contains a response to any question in this Part V . . . . . . . . . .
Yes
No
1a
Enter the number reported in Box 3 of Form 1096. Enter -0- if not applicable. .......
1a
974
b
Enter the number of Forms W-2G included in line 1a. Enter -0- if not applicable.
1b
0
c
Did the organization comply with backup withholding rules for reportable payments to vendors and reportable gaming (gambling) winnings to prize winners? ..................
1c
Yes
 
2a
Enter the number of employees reported on Form W-3, Transmittal of Wage and Tax Statements filed for the calendar year ending with or within the year covered by this return .....................
2a
9,628
b
If at least one is reported on line 2a, did the organization file all required federal employment tax returns?

Note. If the sum of lines 1a and 2a is greater than 250, you may be required to e-file. (see instructions)
2b
Yes
 
3a
Did the organization have unrelated business gross income of $1,000 or more during the year?.............................
3a
Yes
 
b
If “Yes,” has it filed a Form 990-T for this year? If “No,” provide an explanation in Schedule O.....
3b
Yes
 
4a
At any time during the calendar year, did the organization have an interest in, or a signature or other authority over, a financial account in a foreign country (such as a bank account or securities account)?.......................
4a
Yes
 
b
If "Yes," enter the name of the foreign country: MediumBulletCJ , EI
See instructions for filing requirements for Form TD F 90-22.1, Report of Foreign Bank and Financial Accounts.
5a
Was the organization a party to a prohibited tax shelter transaction at any time during the tax year?..
5a
 
No
b
Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction?
5b
 
No
c
If “Yes” to line 5a or 5b, did the organization file Form 8886-T? ........
5c
 
 
6a
Does the organization have annual gross receipts that are normally greater than $100,000, and did the organization solicit any contributions that were not tax deductible?..........
6a
 
No
b
If “Yes,” did the organization include with every solicitation an express statement that such contributions or gifts were not tax deductible?........................
6b
 
 
7
Organizations that may receive deductible contributions under section 170(c).
a
Did the organization receive a payment in excess of $75 made partly as a contribution and partly for goods and services provided to the payor?....................
7a
Yes
 
b
If “Yes,” did the organization notify the donor of the value of the goods or services provided?.....
7b
Yes
 
c
Did the organization sell, exchange, or otherwise dispose of tangible personal property for which it was required to file Form 8282?...........................
7c
 
No
d
If “Yes,” indicate the number of Forms 8282 filed during the year ....
7d
 
e
Did the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?..........................
7e
 
No
f
Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract?..
7f
 
No
g
If the organization received a contribution of qualified intellectual property, did the organization file Form 8899 as required?...................
7g
 
 
h
If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a Form 1098-C?...............
7h
 
 
8
Sponsoring organizations maintaining donor advised funds and section 509(a)(3) supporting organizations. Did the supporting organization, or a donor advised fund maintained by a sponsoring organization, have excess business holdings at any time during the year?................
8
 
 
9
Sponsoring organizations maintaining donor advised funds.
a
Did the organization make any taxable distributions under section 4966?.........
9a
 
 
b
Did the organization make a distribution to a donor, donor advisor, or related person?......
9b
 
 
10
Section 501(c)(7) organizations. Enter:
a
Initiation fees and capital contributions included on Part VIII, line 12 ...
10a
 
b
Gross receipts, included on Form 990, Part VIII, line 12, for public use of club facilities
10b
 
11
Section 501(c)(12) organizations. Enter:
a
Gross income from members or shareholders .........
11a
 
b
Gross income from other sources (Do not net amounts due or paid to other sources against amounts due or received from them.) ........
11b
 
12a
Section 4947(a)(1) non-exempt charitable trusts. Is the organization filing Form 990 in lieu of Form 1041?
12a
 
 
b
If “Yes,” enter the amount of tax-exempt interest received or accrued during the year.
12b
 
13
Section 501(c)(29) qualified nonprofit health insurance issuers.
a
Is the organization licensed to issue qualified health plans in more than one state?
Note. All 501(c)(29) organizations must list in Schedule O each state in which they are licensed to issue qualified health plans, the amount of reserves required by each state, and the amount of reserves the organization allocated to each state.
13a
 
 
b
Enter the aggregate amount of reserves the organization is required to maintain by the states in which the organization is licensed to issue qualified health plans.
13b
 
c
Enter the aggregate amount of reserves on hand.
13c
 
14a
Did the organization receive any payments for indoor tanning services during the tax year?.....
14a
 
 
b
If "Yes," has it filed a Form 720 to report these payments? If “No,” provide an explanation in Schedule O..
14b
 
 
Form 990 (2010)
Form 990 (2010)
Page 6
Part VI
Governance, Management, and Disclosure For each “Yes” response to lines 2 through 7b below, and for a “No” response to lines 8a, 8b, or 10b below, describe the circumstances, processes, or changes in Schedule O. See instructions.
Check if Schedule O contains a response to any question in this Part VI . . . . . . . . . .
Section A. Governing Body and Management
Yes
No
1a
Enter the number of voting members of the governing body at the end of the tax year ..............
1a
39
b
Enter the number of voting members included in line 1a, above, who are independent .................
1b
32
2
Did any officer, director, trustee, or key employee have a family relationship or a business relationship with any other officer, director, trustee, or key employee? .................
2
 
No
3
Did the organization delegate control over management duties customarily performed by or under the direct supervision of officers, directors or trustees, or key employees to a management company or other person? ..
3
 
No
4
Did the organization make any significant changes to its governing documents since the prior Form 990 was filed?
4
 
No
5
Did the organization become aware during the year of a significant diversion of the organization’s assets? .
5
 
No
6
Does the organization have members or stockholders? ................
6
 
No
7a
Does the organization have members, stockholders, or other persons who may elect one or more members of the governing body? .........................
7a
 
No
b
Are any decisions of the governing body subject to approval by members, stockholders, or other persons? ..
7b
 
No
8
Did the organization contemporaneously document the meetings held or written actions undertaken during the year by the following:
a
The governing body? .........................
8a
Yes
 
b
Each committee with authority to act on behalf of the governing body? ............
8b
Yes
 
9
Is there any officer, director, trustee, or key employee listed in Part VII, Section A, who cannot be reached at the organization’s mailing address? If “Yes,” provide the names and addresses in Schedule O .....
9
Yes
 
Section B. Policies (This Section B requests information about policies not required by the Internal
Revenue Code.)
Yes
No
10a
Does the organization have local chapters, branches, or affiliates? ............
10a
 
No
b
If “Yes,” does the organization have written policies and procedures governing the activities of such chapters, affiliates, and branches to ensure their operations are consistent with those of the organization? ....
10b
 
 
11a
Has the organization provided a copy of this Form 990 to all members of its governing body before filing the form?
11a
Yes
 
b
Describe in Schedule O the process, if any, used by the organization to review the Form 990. .....
12a
Does the organization have a written conflict of interest policy? If “No,” go to line 13.......
12a
Yes
 
b
Are officers, directors or trustees, and key employees required to disclose annually interests that could give rise to conflicts? ...........................
12b
Yes
 
c
Does the organization regularly and consistently monitor and enforce compliance with the policy? If “Yes,” describe in Schedule O how this is done ....................
12c
Yes
 
13
Does the organization have a written whistleblower policy? ...............
13
Yes
 
14
Does the organization have a written document retention and destruction policy? .........
14
Yes
 
15
Did the process for determining compensation of the following persons include a review and approval by independent persons, comparability data, and contemporaneous substantiation of the deliberation and decision?
a
The organization’s CEO, Executive Director, or top management official ...........
15a
Yes
 
b
Other officers or key employees of the organization ................
15b
Yes
 
If "Yes" to line a or b, describe the process in Schedule O. (See instructions.)
16a
Did the organization invest in, contribute assets to, or participate in a joint venture or similar arrangement with a taxable entity during the year? ......................
16a
Yes
 
b
If “Yes,” has the organization adopted a written policy or procedure requiring the organization to evaluate its participation in joint venture arrangements under applicable federal tax law, and taken steps to safeguard the organization’s exempt status with respect to such arrangements? ............
16b
 
No
Section C. Disclosure
17
List the States with which a copy of this Form 990 is required to be filedMediumBullet
PA
18
Section 6104 requires an organization to make its Form 1023 (or 1024 if applicable), 990, and 990-T (501(c)(3)s only) available for public inspection. Indicate how you make these available. Check all that apply.
19
Describe in Schedule O whether (and if so, how), the organization makes its governing documents, conflict of interest policy, and financial statements available to the public.
20
State the name, physical address, and telephone number of the person who possesses the books and records of the organization: MediumBullet
TAX OFFICE
3201 ARCH STREET SUITE 420
PHILADELPHIA,PA19104
(215) 895-1463
Form 990 (2010)
Form 990 (2010)
Page 7
Part VII
Compensation of Officers, Directors,Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors
Check if Schedule O contains a response to any question in this Part VII . . . . . . . . . .
Section A. Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees
1a Complete this table for all persons required to be listed. Report compensation for the calendar year ending with or within the organization’s tax year.
RoundBullet List all of the organization’s current officers, directors, trustees (whether individuals or organizations), regardless of amount
of compensation, and current key employees. Enter -0- in columns (D), (E), and (F) if no compensation was paid.

RoundBullet List all of the organization’s current key employees, if any. See instructions for definition of "key employee."
RoundBullet List the organization’s five current highest compensated employees (other than an officer, director, trustee or key employee)
who received reportable compensation (Box 5 of Form W-2 and/or Box 7 of Form 1099-MISC) of more than $100,000 from the
organization and any related organizations.

RoundBullet List all of the organization’s former officers, key employees, or highest compensated employees who received more than $100,000
of reportable compensation from the organization and any related organizations.

RoundBullet List all of the organization’s former directors or trustees that received, in the capacity as a former director or trustee of the
organization, more than $10,000 of reportable compensation from the organization and any related organizations.

List persons in the following order: individual trustees or directors; institutional trustees; officers; key employees; highest
compensated employees; and former such persons.
Check this box if neither the organization nor any related organizations compensated any current or former officer, director, or trustee.
(A)
Name and Title 		(B)
Average hours per week (describe hours for related organizations in Schedule O) 		(C)
Position (check all that apply) 		(D)
Reportable compensation from the organization (W- 2/1099-MISC) 		(E)
Reportable compensation from related organizations (W- 2/1099-MISC) 		(F)
Estimated amount of other compensation from the organization and related organizations
Individual Trustee or Director; Institutional Trustee; Officer; Key Employee; Highest compensated employee; Former;
(1) RENEE AMOORE
TRUSTEE
 2.00 X           0 0 0
(2) PAUL MEL BAIADA
TRUSTEE
 2.00 X           0 0 0
(3) CHRISTOPHER R BOOTH JR ESQ
TRUSTEE
 2.00 X           0 0 0
(4) ROBERT R BUCKLEY
TRUSTEE
 2.00 X           0 0 0
(5) RANDALL S BURKERT
TRUSTEE
 2.00 X           0 0 0
(6) BARRY C BURKHOLDER
TRUSTEE
 2.00 X           0 0 0
(7) HONORABLE IDA K CHEN
TRUSTEE
 2.00 X           0 0 0
(8) KATHLEEN P CHIMICLES
TRUSTEE
 2.00 X           0 0 0
(9) ABBIE DEAN
TRUSTEE
 2.00 X           0 0 0
(10) NICHOLAS DEBENEDICTIS
TRUSTEE
 2.00 X           0 0 0
(11) RICHARD J DEPIANO
TRUSTEE
 2.00 X           0 0 0
(12) GERIANNE TRINGALI DIPIANO
TRUSTEE
 2.00 X           0 0 0
(13) JAMES B DOUGHERTY JR ESQ
TRUSTEE
 2.00 X           0 0 0
(14) ROBERT J DRUMMOND
TRUSTEE
 2.00 X           0 0 0
(15) BRIAN FORD
TRUSTEE
 2.00 X           0 0 0
(16) SEAN J GALLAGHER
TRUSTEE
 2.00 X           0 0 0
(17) DONNA GENTILE O'DONNELL PHD
TRUSTEE
 2.00 X           0 0 0
Form 990 (2010)
Form 990 (2010)
Page 8
Part VII
Section A. Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees (continued)
(A)
Name and Title 		(B)
Average hours per week (describe hours for related organizations in Schedule O) 		(C)
Position (check all that apply) 		(D)
Reportable compensation from the organization (W- 2/1099-MISC) 		(E)
Reportable compensation from related organizations (W- 2/1099-MISC) 		(F)
Estimated amount of other compensation from the organization and related organizations
Individual Trustee or Director; Institutional Trustee; Officer; Key Employee; Highest compensated employee; Former;
(18) RICHARD A GREENAWALT
CHAIRMAN
 2.00 X   X       0 0 0
(19) RICHARD A HAYNE
VICE CHAIR
 2.00 X   X       0 0 0
(20) NINA HENDERSON
TRUSTEE
 2.00 X           0 0 0
(21) PATRICIA IMBESI
TRUSTEE
 2.00 X           0 0 0
(22) JOSEPH H JACOVINI ESQ
TRUSTEE
 2.00 X           0 0 0
(23) JOEL KOPPELMAN
TRUSTEE
 2.00 X           0 0 0
(24) J MICHAEL LAWRIE
TRUSTEE
 2.00 X           0 0 0
(25) HUGH C LONG
TRUSTEE
 2.00 X           0 0 0
(26) ROBERT J MONGELUZZI
TRUSTEE
 2.00 X           0 0 0
(27) JOHN A NYHEIM
TRUSTEE
 2.00 X           0 0 0
(28) DENIS P O'BRIEN
TRUSTEE
 2.00 X           0 0 0
(29) D HOWARD PIERCE
TRUSTEE
 2.00 X           0 0 0
(30) CHARLES P PIZZI
TRUSTEE
 2.00 X           0 0 0
(31) WILLIAM T SCHLEYER
TRUSTEE
 2.00 X           0 0 0
(32) NICHOLAS S SCHORSCH
TRUSTEE
 2.00 X           0 0 0
(33) STEPHEN A SHELLER ESQ
TRUSTEE
 2.00 X           0 0 0
(34) STANLEY W SILVERMAN
TRUSTEE
 2.00 X           0 0 0
(35) MANUEL N STAMATAKIS
TRUSTEE
 2.00 X           0 0 0
(36) CHARLES K VALUTAS
TRUSTEE
 2.00 X           0 0 0
(37) CELESTINO R PENNONI -7110-73110
INTERIM PRESIDENT
 2.00 X   X       0 0 0
(38) JOHN A FRY - 8110-63011
PRESIDENT
 40.00 X   X       269,955 0 22,559
(39) RAPHAEL C LEE
TRUSTEE
 2.00 X           0 0 0
(40) THOMAS J ELZEY - 7110-113010
SVP FINANCE/CFO/TREASURER
 40.00     X       787,093 0 39,680
(41) MICHAEL J EXLER ESQ
SECRETARY
 40.00     X       243,695 0 35,192
(42) ERIC J OLSON - 12110-51711
INTERIM SVP FINANCE/CFO/TREASURER
 40.00     X       184,704 0 30,111
(43) HELEN BOWMAN - 51811-63011
SVP FINANCE/CFO/TREASURER
 40.00     X       0 0 0
(44) MARK GREENBERG
PROVOST
 40.00       X     429,520 0 40,133
(45) CARL OXHOLM III ESQ
DEAN/CEO, CTR-GRAD STUDIES
 40.00       X     422,564 0 37,744
(46) ELIZABETH DALE
SVP INST ADVANCEMENT
 40.00       X     376,903 0 33,958
(47) JAMES TUCKER
SVP STUDENT LIFE & ADMIN
 40.00       X     380,922 0 27,520
(48) JOAN MCDONALD
SVP ENROLLMENT MANAGEMENT
 40.00       X     317,430 0 27,520
(49) SELCUK GUCERI PHD
DEAN-COLLEGE OF ENGINEERIN
 40.00       X     318,969 0 37,411
(50) DONNA MURASKO PHD
DEAN-SCHOOL OF ARTS & SCIE
 40.00       X     310,911 0 34,697
(51) JOHN A BIELEC PHD
CHIEF INFORMATION OFFICER
 40.00         X   340,712 0 28,017
(52) RALPH WALKLING PHD
CHAIR-DEPARTMENT OF FINANC
 40.00         X   370,152 0 38,319
(53) GEORGE TSETSEKOS PHD
DEAN-LEBOW COLLEGE OF BUSI
 40.00         X   374,643 0 40,133
(54) ROGER DENNIS ESQ
DEAN-EARL MACK SCHOOL OF L
 40.00         X   339,541 0 27,520
(55) JAMES FLINT JR
HEAD COACH, ATHLETICS
 40.00         X   347,993 0 35,233
(56) PETER FRISKO
FORMER INTERIM VP INST ADV
 40.00           X 211,714 0 25,920
1b Sub-Total................MediumBullet
c Total from continuation sheets to Part VII, Section A....MediumBullet
d Total (add lines 1b and 1c)............MediumBullet 6,027,421 0 561,667
2
Total number of individuals (including but not limited to those listed above) who received more than $100,000 in reportable compensation from the organizationMediumBullet576
Yes
No
3
Did the organization list any former officer, director or trustee, key employee, or highest compensated employee on line 1a? If “Yes,” complete Schedule J for such individual .............
3
Yes
 
4
For any individual listed on line 1a, is the sum of reportable compensation and other compensation from the organization and related organizations greater than $150,000? If “Yes,” complete Schedule J for such individual...........................
4
Yes
 
5
Did any person listed on line 1a receive or accrue compensation from any unrelated organization or individual for services rendered to the organization? If “Yes,” complete Schedule J for such person .....
5
 
No
Section B. Independent Contractors
1
Complete this table for your five highest compensated independent contractors that received more than $100,000 of compensation from the organization.
(A)
Name and business address 		(B)
Description of services 		(C)
Compensation
TURNER CONSTRUCTION COMPANY
1835 MARKET STREET 21ST FLOOR
PHILADELPHIA,PA19103 		CONSTRUCTION SERVICES 41,623,252
SODEXO SERVICES
9801 WASHINGTON BLVD
GAITHERSBURG,PA20878 		FOOD SERVICES 15,564,508
UNICCO SERVICES COMPANY
4002 SOLUTIONS CENTER
CHICAGO,IL606774400 		MECHANICAL/CUSTODIAL 5,606,161
ALLIED BARTON SECURITY SERVICES LLC
EIGHT TOWER BRIDGE 161 WASHINGTON
CONSHOHOCKEN,PA19428 		SECURITY SERVICES 3,977,317
MEYER SCHERER & ROCKCASTLE LTD
710 S SECOND STREET EIGHTH FLOOR
MINNEAPOLIS,MN55401 		ARCHITECTURAL & INTERIOR DESIGN 2,002,477
2
Total number of independent contractors (including but not limited to those listed above) who received more than $100,000 in compensation from the organization MediumBullet80
Form 990 (2010)
Form 990 (2010)
Page 9
Part VIII
Statement of Revenue
(A)
Total revenue 		(B)
Related or
exempt
function
revenue 		(C)
Unrelated
business
revenue 		(D)
Revenue
excluded from
tax under sections
512, 513, or 514
Contributions, gifts, grants and other similar amounts 1a Federated campaigns..1a  
b Membership dues....1b  
c Fundraising events....1c 705,106
d Related organizations...1d 12,435,452
e Government grants (contributions)1e 96,194,907
f All other contributions, gifts, grants, and
similar amounts not included above1f 		76,190,786
g Noncash contributions included in lines 1a-1f:$ 3,001,150
h Total. Add lines 1a-1f.......MediumBullet 185,526,251
Program Service Revenue Business Code
2a TUITION AND FEES 900,099 550,305,849 550,305,849    
b AUXILIARY ENTERPRISES 611,710 64,744,313 64,744,313    
c OTHER PROGRAM SERVICES 611,710 12,197,659 12,197,659    
d EDUCATIONAL ACTIVITIES 611,600 2,147,615 2,147,615    
e
f All other program service revenue .        
g Total. Add lines 2a–2f........MediumBullet 629,395,436
Other Revenue 3 Investment income (including dividends, interest
and other similar amounts).....MediumBullet 4,365,180     4,365,180
4 Income from investment of tax-exempt bond proceeds..MediumBullet 125,808     125,808
5 Royalties............MediumBullet 98,803     98,803
(i) Real (ii) Personal
6a Gross Rents 128,374  
b Less: rental expenses 87,240  
c Rental income or (loss) 41,134  
d Net rental income or (loss).......MediumBullet 41,134     41,134
(i) Securities (ii) Other
7a Gross amount from sales of assets other than inventory 110,338,303  
b Less: cost or other basis and sales expenses 89,304,755  
c Gain or (loss) 21,033,548  
d Net gain or (loss)..........MediumBullet 21,033,548     21,033,548
8a Gross income from fundraising events (not including
$ 705,106
of contributions reported on line 1c). See Part IV, line 18 ...
a 159,764
b Less: direct expenses ...b 482,906
c Net income or (loss) from fundraising events..MediumBullet -323,142   -323,142
9a Gross income from gaming activities.
See Part IV, line 19 ...
a  
b Less: direct expenses ...b  
c Net income or (loss) from gaming activities...MediumBullet        
10a Gross sales of inventory, less
returns and allowances .
a  
b Less: cost of goods sold ..b  
c Net income or (loss) from sales of inventory..MediumBullet        
Miscellaneous Revenue Business Code
11a MISCELLANEOUS REVENUE 900,099 3,452,384 2,787,903 664,481  
b APPLICATION SVC PROG 541,519 3,210,200   3,210,200  
c STUDENT FEES & FINES 900,099 506,809 506,809    
d All other revenue .... 169,247 719,550 -550,303  
e Total. Add lines 11a–11d ......MediumBullet 7,338,640
12 Total revenue. See Instructions....MediumBullet 847,601,658 633,409,698 3,324,378 25,341,331
Form 990 (2010)
Form 990 (2010)
Page 10
Part IX
Statement of Functional Expenses
Section 501(c)(3) and 501(c)(4) organizations must complete all columns. All other organizations must complete column (A) but are not required to complete columns (B), (C), and (D).
Do not include amounts reported on lines 6b,
7b, 8b, 9b, and 10b of Part VIII. 		(A)
Total expenses 		(B)
Program service expenses 		(C)
Management and general expenses 		(D)
Fundraising expenses
1 Grants and other assistance to governments and organizations in the U.S. See Part IV, line 21 15,286,238 15,286,238
2 Grants and other assistance to individuals in the U.S. See Part IV, line 22 138,065,226 138,065,226
3 Grants and other assistance to governments, organizations, and individuals outside the U.S. See Part IV, lines 15 and 16 27,273,261 27,273,261
4 Benefits paid to or for members    
5 Compensation of current officers, directors, trustees, and key employees .... 4,046,200 2,104,721 1,368,444 573,035
6 Compensation not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B) ....        
7 Other salaries and wages 275,961,245 228,432,395 40,790,326 6,738,524
8 Pension plan contributions (include section 401(k) and section 403(b) employer contributions) .... 18,678,160 15,461,796 2,759,864 456,500
9 Other employee benefits ....... 31,933,976 26,322,216 4,786,629 825,131
10 Payroll taxes ........... 18,557,724 15,279,037 2,794,107 484,580
11 Fees for services (non-employees):        
a Management ...... 142,497   142,497  
b Legal ......... 1,008,466 178,415 825,901 4,150
c Accounting ........... 523,233   523,233  
d Lobbying ........... 476,290 476,290    
e Professional fundraising. See Part IV, line 17.. 159,550 159,550
f Investment management fees ...... 627,358   627,358  
g Other .......... 29,026,156 23,820,693 4,578,987 626,476
12 Advertising and promotion .... 2,967,774 2,902,075 65,699  
13 Office expenses ....... 27,654,526 22,111,551 4,794,419 748,556
14 Information technology ...... 13,533,268 10,212,969 3,190,466 129,833
15 Royalties .. 1,751,409 1,552,218 199,191  
16 Occupancy ........... 38,000,419 36,861,640 1,134,780 3,999
17 Travel ............ 10,803,810 9,777,383 784,728 241,699
18 Payments of travel or entertainment expenses for any federal, state, or local public officials ......        
19 Conferences, conventions, and meetings .... 5,783,795 4,994,644 447,958 341,193
20 Interest ........... 15,499,708 15,499,708    
21 Payments to affiliates ....... 24,535,757 24,535,757    
22 Depreciation, depletion, and amortization ..... 24,679,276 23,198,519 1,480,757  
23 Insurance .............. 3,614,403 2,918,944 641,715 53,744
24 Other expenses. Itemize expenses not covered above. (Expenses grouped together and labeled miscellaneous may not exceed 5% of total expenses shown on line 25 below.)
a BAD DEBT EXPENSE 4,111,956 4,111,956    
b RECRUITING 2,659,942 2,482,140 176,606 1,196
c LOSS ON DISPOSITION OF 1,940,355 9,655 1,930,700  
d PROFESSIONAL MEMBERSHIP 1,637,060 1,091,110 512,721 33,229
e SPONSORSHIPS 1,522,393 730,759 780,584 11,050
f All other expenses 2,603,002 1,337,322 669,465 596,215
25 Total functional expenses. Add lines 1 through 24f 745,064,433 657,028,638 76,007,135 12,028,660
26 Joint costs. Check here MediumBullet if following
SOP 98-2 (ASC 958-720). Complete this line only if the organization reported in column (B) joint costs from a combined educational campaign and fundraising solicitation 		       
Form 990 (2010)
Form 990 (2010)
Page 11
Part X Balance Sheet
(A)
Beginning of year 		(B)
End of year
Assets 1 Cash—non-interest-bearing .......... 34,322 1 35,539
2 Savings and temporary cash investments ....... 27,554,678 2 33,280,048
3 Pledges and grants receivable, net ......... 75,099,000 3 119,112,476
4 Accounts receivable, net ......... 50,251,000 4 50,451,298
5 Receivables from current and former officers, directors, trustees, key employees, and highest compensated employees. Complete Part II of
Schedule L ..........   5  
6 Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B). Complete Part II of
Schedule L ..........   6  
7 Notes and loans receivable, net .............   7  
8 Inventories for sale or use ..............   8  
9 Prepaid expenses and deferred charges ............ 9,821,000 9 11,025,133
10a Land, buildings, and equipment: cost or other basis. Complete Part VI of Schedule D 10a 818,781,862
b Less: accumulated depreciation. ..... 10b 232,151,182 553,544,000 10c 586,630,680
11 Investments—publicly traded securities .......... 286,265,000 11 457,519,843
12 Investments—other securities. See Part IV, line 11 ...... 48,767,000 12 60,746,000
13 Investments—program-related. See Part IV, line 11 .. 16,555,000 13 16,264,205
14 Intangible assets .........   14  
15 Other assets. See Part IV, line 11 ........... 1,052,000 15 3,455,340
16 Total assets. Add lines 1 through 15 (must equal line 34)... 1,068,943,000 16 1,338,520,562
Liabilities 17 Accounts payable and accrued expenses . 106,254,000 17 115,980,177
18 Grants payable ..........   18  
19 Deferred revenue .......... 68,409,000 19 70,742,448
20 Tax-exempt bond liabilities .......... 352,115,000 20 445,714,342
21 Escrow or custodial account liability. Complete Part IV of Schedule D..   21  
22 Payables to current and former officers, directors, trustees, key
employees, highest compensated employees, and disqualified
persons. Complete Part II of Schedule L..........   22  
23 Secured mortgages and notes payable to unrelated third parties .. 15,505,000 23 12,757,409
24 Unsecured notes and loans payable to unrelated third parties ....   24  
25 Other liabilities. Complete Part X of Schedule D..... 51,830,000 25 55,351,464
26 Total liabilities. Add lines 17 through 25..... 594,113,000 26 700,545,840
Net Assets or Fund Balance Organizations that follow SFAS 117, check here MediumBullet and complete lines 27 through 29, and lines 33 and 34.
27 Unrestricted net assets ..... 287,510,000 27 354,440,359
28 Temporarily restricted net assets ..... 89,356,000 28 171,555,230
29 Permanently restricted net assets ..... 97,964,000 29 111,979,133
Organizations that do not follow SFAS 117, check here MediumBullet and complete lines 30 through 34.
30 Capital stock or trust principal, or current funds .....   30  
31 Paid-in or capital surplus, or land, building or equipment fund .....   31  
32 Retained earnings, endowment, accumulated income, or other funds   32  
33 Total net assets or fund balances ..... 474,830,000 33 637,974,722
34 Total liabilities and net assets/fund balances ..... 1,068,943,000 34 1,338,520,562
Form 990 (2010)
Form 990 (2010)
Page 12
Part XI
Reconcilliation of Net Assets
Check if Schedule O contains a response to any question in this Part XI . . . . . . . . . .
1
Total revenue (must equal Part VIII, column (A), line 12) . . .
1
847,601,658
2
Total expenses (must equal Part IX, column (A), line 25) . . . . .
2
745,064,433
3
Revenue less expenses. Subtract line 2 from line 1 . . . .
3
102,537,225
4
Net assets or fund balances at beginning of year (must equal Part X, line 33, column (A)) . .
4
474,830,000
5
Other changes in net assets or fund balances (explain in Schedule O) . . . .
5
60,607,497
6
Net assets or fund balances at end of year. Combine lines 3, 4, and 5 (must equal Part X, line 33, column (B)) . . . . . .
6
637,974,722
Part XII
Financial Statements and Reporting
Check if Schedule O contains a response to any question in this Part XII . . . . . . . . . .
Yes
No
1
Accounting method used to prepare the Form 990:  
If the organization changed its method of accounting from a prior year or checked "Other," explain in
Schedule O.
2a
Were the organization’s financial statements compiled or reviewed by an independent accountant?..
2a
 
No
b
Were the organization’s financial statements audited by an independent accountant?........
2b
Yes
 
c
If “Yes,” to 2a or 2b, does the organization have a committee that assumes responsibility for oversight of the audit, review, or compilation of its financial statements and selection of an independent accountant?
If the organization changed either its oversight process or selection process during the tax year, explain in Schedule O............................
2c
Yes
 
d
If “Yes” to line 2a or 2b, check a box below to indicate whether the financial statements for the year were issued on a separate basis, consolidated basis, or both:
3a
As a result of a federal award, was the organization required to undergo an audit or audits as set forth in the Single Audit Act and OMB Circular A-133? ................
3a
Yes
 
b
If “Yes,” did the organization undergo the required audit or audits? If the organization did not undergo the required audit or audits, explain why in Schedule O and describe any steps taken to undergo such audits. ..
3b
Yes
 
Form 990 (2010)
Additional Data


Software ID:  
Software Version:  
Form 990, Special Condition Description:
Special Condition Description
SCHEDULE A
(Form 990 or 990EZ)

Department of the Treasury
Internal Revenue Service
Public Charity Status and Public Support

Complete if the organization is a section 501(c)(3) organization or a section
4947(a)(1) nonexempt charitable trust.
right arrow Attach to Form 990 or Form 990-EZ. right arrow See separate instructions.
OMB No. 1545-0047
2010
Open to Public
Inspection
Name of the organization
DREXEL UNIVERSITY
 
Employer identification number

23-1352630
Part I
Reason for Public Charity Status (All organizations must complete this part.) See instructions
The organization is not a private foundation because it is: (For lines 1 through 11, check only one box.)
1
2
3
4
5
section 170(b)(1)(A)(iv). (Complete Part II.)
6
7
8
9
receipts from activities related to its exempt functions—subject to certain exceptions, and (2) no more than 331/3% of
its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses
acquired by the organization after June 30, 1975. See section 509(a)(2). (Complete Part III.)
10
11
e
f
g
(i) a person who directly or indirectly controls, either alone or together with persons described in (ii)
Yes
No
and (iii) below, the governing body of the the supported organization? ................
11g(i)
 
 
(ii) a family member of a person described in (i) above? ......................
11g(ii)
 
 
(iii) a 35% controlled entity of a person described in (i) or (ii) above? ................
11g(iii)
 
 
h
(i)
Name of supported organization 		(ii)
EIN 		(iii)
Type of organization (described on lines 1- 9 above or IRC section (see instructions)) 		(iv)
Is the organization in col. (i) listed in your governing document? 		(v)
Did you notify the organization in col. (i) of your support? 		(vi)
Is the organization in col. (i) organized in the U.S.? 		(vii)
Amount of support?
Yes No Yes No Yes No
Total                  

For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 11285F
Schedule A (Form 990 or 990-EZ) 2010
Schedule A (Form 990 or 990-EZ) 2010
Page 2
Part II
Support Schedule for Organizations Described in IRC 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi)
(Complete only if you checked the box on line 5, 7, or 8 of Part I or if the organization failed to qualify under Part III. If the organization fails to qualify under the tests listed below, please complete Part III.)
Section A. Public Support
Calendar year(or fiscal year beginning in) (a) 2006 (b) 2007 (c) 2008 (d) 2009 (e) 2010 (f) Total
1 Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") ....            
2 Tax revenues levied for the organization's benefit and either paid to or expended on its behalf.......            
3 The value of services or facilities furnished by a governmental unit to the organization without charge..            
4 Total. Add lines 1 through 3..            
5 The portion of total contributions by each person (other than a governmental unit or publicly supported organization) included on line 1 that exceeds 2% of the amount shown on line 11, column (f)..            
6 Public Support. Subtract line 5 from line 4.            
Section B. Total Support
Calendar year(or fiscal year beginning in) (a) 2006 (b) 2007 (c) 2008 (d) 2009 (e) 2010 (f) Total
7 Amounts from line 4..            
8 Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources..            
9 Net income from unrelated business activities, whether or not the business is regularly carried on..            
10 Other income. (Explain in Part IV.) Do not include gain or loss from the sale of capital assets..            
11 Total support (Add lines 7 through 10).            
12
12
 
13
Section C. Computation of Public Support Percentage
14
14
 
15
15
 
16a
b
17a
b
18
Schedule A (Form 990 or 990-EZ) 2010
Schedule A (Form 990 or 990-EZ) 2010
Page 3
Part III
Support Schedule for Organizations Described in IRC 509(a)(2)
(Complete only if you checked the box on line 9 of Part I or if the organization failed to qualify under Part II. If the organization fails to qualify under the tests listed below, please complete Part II.)
Section A. Public Support
Calendar year(or fiscal year beginning in) (a) 2006 (b) 2007 (c) 2008 (d) 2009 (e) 2010 (f) Total
1 Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") .            
2 Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose......            
3 Gross receipts from activities that are not an unrelated trade or business under section 513..            
4 Tax revenues levied for the organization's benefit and either paid to or expended on its behalf...            
5 The value of services or facilities furnished by a governmental unit to the organization without charge..            
6 Total. Add lines 1 through 5.            
7a Amounts included on lines 1, 2, and 3 received from disqualified persons...            
b Amounts included on lines 2 and 3 received from other than disqualified persons that exceed the greater of $5,000 or 1% of the amount on line 13 for the year.            
c Add lines 7a and 7b..            
8 Public Support (Subtract line 7c from line 6.)            
Section B. Total Support
Calendar year (or fiscal year beginning in) (a) 2006 (b) 2007 (c) 2008 (d) 2009 (e) 2010 (f) Total
9 Amounts from line 6...            
10a Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources..            
b Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975.            
c Add lines 10a and 10b.            
11 Net income from unrelated business activities not included in line 10b, whether or not the business is regularly carried on.            
12 Other income. Do not include gain or loss from the sale of capital assets (Explain in Part IV.)            
13 Total support (Add lines 9, 10c, 11 and 12.).            
14
Section C. Computation of Public Support Percentage
15
15
 
16
16
 
Section D. Computation of Investment Income Percentage
17
17
 
18
18
 
19a
b
20
Schedule A (Form 990 or 990-EZ) 2010
Schedule A (Form 990 or 990-EZ) 2010
Page 4
Part IV
Supplemental Information. Supplemental Information. Complete this part to provide the explanation required by Part II, line 10; Part II, line 17a or 17b; or Part III, line 12. Also complete this part for any additional information. (See instructions).
Facts And Circumstances Test
 
Explanation
 
 
 
 
Schedule A (Form 990 or 990-EZ) 2010

Additional Data


Software ID:  
Software Version:  
Schedule B
(Form 990, 990-EZ,
or 990-PF)
Department of the Treasury
Internal Revenue Service
Schedule of Contributors
Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
OMB No. 1545-0047
2010
Name of organization
DREXEL UNIVERSITY
 
Employer identification number

23-1352630
Organization type (check one):
Filers of:
Section:
Form 990 or 990-EZ





Form 990-PF




Check if your organization is covered by the General Rule or a Special Rule.  
Note. Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
General Rule—
Special Rules
......................... Arrow Bullet   $    
Caution. An Organization that is not covered by the General Rule and/or the Special Rules does not file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2 of its Form 990, or check the box in the heading of its
Form 990-EZ, or on line 2 of its Form 990-PF, to certify that it does not meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).
For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.
Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2010)

Schedule B (Form 990, 990-EZ, or 990-PF) (2010)
Page 1 of 1 of Part I
Name of organization
DREXEL UNIVERSITY
  		Employer identification number

23-1352630
Part I
Contributors (see Instructions)
     
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Aggregate contributions		 (d)
Type of contribution
RESTRICTED
RESTRICTED
 

     
RESTRICTED
RESTRICTED  
RESTRICTED, RESTRICTED   RESTRICTED

$RESTRICTED




(Complete Part II if there is
a noncash contribution.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Aggregate contributions		 (d)
Type of contribution
 
 
 

     
 
   

$  




(Complete Part II if there is
a noncash contribution.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Aggregate contributions		 (d)
Type of contribution
 
 
 

     
 
   

$  




(Complete Part II if there is
a noncash contribution.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Aggregate contributions		 (d)
Type of contribution
 
 
 

     
 
   

$  




(Complete Part II if there is
a noncash contribution.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Aggregate contributions		 (d)
Type of contribution
 
 
 

     
 
   

$  




(Complete Part II if there is
a noncash contribution.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Aggregate contributions		 (d)
Type of contribution
 
 
 

     
 
   

$  




(Complete Part II if there is
a noncash contribution.)
Schedule B (Form 990, 990-EZ, or 990-PF) (2010)

Schedule B (Form 990, 990-EZ, or 990-PF) (2010)
Page 1 of 1 of Part II
Name of organization
DREXEL UNIVERSITY
  		Employer identification number

23-1352630
Part II
Noncash Property (see Instructions)
     
(a) No.
from
Part I		 (b)
Description of noncash property given		 (c)
FMV (or estimate)
(see instructions) 		(d)
Date received
 
$    
(a) No.
from
Part I		 (b)
Description of noncash property given		 (c)
FMV (or estimate)
(see instructions) 		(d)
Date received
 
$    
(a) No.
from
Part I		 (b)
Description of noncash property given		 (c)
FMV (or estimate)
(see instructions) 		(d)
Date received
 
$    
(a) No.
from
Part I		 (b)
Description of noncash property given		 (c)
FMV (or estimate)
(see instructions) 		(d)
Date received
 
$    
(a) No.
from
Part I		 (b)
Description of noncash property given		 (c)
FMV (or estimate)
(see instructions) 		(d)
Date received
 
$    
(a) No.
from
Part I		 (b)
Description of noncash property given		 (c)
FMV (or estimate)
(see instructions) 		(d)
Date received
 
$    
Schedule B (Form 990, 990-EZ, or 990-PF) (2010)

Schedule B (Form 990, 990-EZ, or 990-PF) (2010)
Page 1 of 1 of Part III
Name of organization
DREXEL UNIVERSITY
  		Employer identification number

23-1352630
Part III
Exclusively religious, charitable, etc., individual contributions to section 501(c)(7), (8), or (10) organizations
aggregating more than $1,000 for the year. (Complete columns (a) through (e) and the following line entry.)
For organizations completing Part III, enter the total of exclusively religious, charitable, etc.,
contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet $  
(a) No.
from
Part I		 (b)
Purpose of gift		 (c)
Use of gift		 (d)
Description of how gift is held
 
(e)
Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
       
 
(a) No.
from
Part I		 (b)
Purpose of gift		 (c)
Use of gift		 (d)
Description of how gift is held
 
(e)
Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
       
 
(a) No.
from
Part I		 (b)
Purpose of gift		 (c)
Use of gift		 (d)
Description of how gift is held
 
(e)
Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
       
 
(a) No.
from
Part I		 (b)
Purpose of gift		 (c)
Use of gift		 (d)
Description of how gift is held
 
(e)
Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
       
 
Schedule B (Form 990, 990-EZ, or 990-PF) (2010)

Additional Data


Software ID:  
Software Version:  
SCHEDULE C
(Form 990 or 990-EZ)

Department of the Treasury
Internal Revenue Service
Political Campaign and Lobbying Activities

For Organizations Exempt From Income Tax Under section 501(c) and section 527
SchCMd Bullet Complete if the organization is described below.
SchCMd Bullet Attach to Form 990 or Form 990-EZ. SchCMd Bullet See separate instructions.
OMB No. 1545-0047
2010
Open to Public
Inspection
If the organization answered “Yes,” to Form 990, Part IV, Line 3, or Form 990-EZ, Part V, line 46 (Political Campaign Activities), then
Round Bullet Section 501(c)(3) organizations: Complete Parts I-A and B. Do not complete Part I-C.
Round Bullet Section 501(c) (other than section 501(c)(3)) organizations: Complete Parts I-A and C below. Do not complete Part I-B.
Round Bullet Section 527 organizations: Complete Part I-A only.
If the organization answered “Yes,” to Form 990, Part IV, Line 4, or Form 990-EZ, Part VI, line 47 (Lobbying Activities), then
Round Bullet Section 501(c)(3) organizations that have filed Form 5768 (election under section 501(h)) Complete Part II-A. Do not complete Part II-B.
Round Bullet Section 501(c)(3) organizations that have NOT filed Form 5768 (election under section 501(h)): Complete Part II-B. Do not complete Part II-A.
If the organization answered “Yes,” to Form 990, Part IV, Line 5 (Proxy Tax) or Form 990-EZ, Part V, line 35a (Proxy Tax), then
Round Bullet Section 501(c)(4), (5), or (6) organizations: Complete Part III.
Name of the organization
DREXEL UNIVERSITY
 
Employer identification number

23-1352630
Part I-A
Complete if the organization is exempt under section 501(c) or is a section 527 organization.

1
Provide a description of the organization's direct and indirect political campaign activities on behalf of or in opposition to candidates for public office in Part IV.
2
Political expenditures ....................................SchCMd Bullet
$  
3
Volunteer hours ........................................
 

Part I-B
Complete if the organization is exempt under section 501(c)(3).
1
Enter the amount of any excise tax incurred by the organization under section 4955 .........SchCMd Bullet
$  
2
Enter the amount of any excise tax incurred by organization managers under section 4955 ......SchCMd Bullet
$  
3
If the organization incurred a section 4955 tax, did it file Form 4720 for this year? ..............
4a
Was a correction made? .........................................
b
If "Yes," describe in Part IV.
Part I-C
Complete if the organization is exempt under section 501(c) except section 501(c)(3).
1
Enter the amount directly expended by the filing organization for section 527 exempt function activities SchCMd Bullet
$  
2
Enter the amount of the filing organization's funds contributed to other organizations for section 527 exempt funtion activities ....................................SchCMd Bullet

$  
3
Total exempt function expenditures. Add lines 1 and 2. Enter here and on Form 1120-POL, line 17b..SchCMd Bullet

$  
4
Did the filing organization file Form 1120-POL for this year? ..........................
5
Enter the names, addresses and employer identification number (EIN) of all section 527 political organizations to which the filing
organization made payments. For each organization listed, enter the amount paid from the filing organization’s funds. Also enter the amount of political contributions received that were promptly and directly delivered to a separate political organization, such as a separate segregated fund or a political action committee (PAC). If additional space is needed, provide information in Part IV.
(a) Name (b) Address (c) EIN (d) Amount paid from filing organization's funds. If none, enter -0-. (e) Amount of political contributions received and promptly and directly delivered to a separate political organization. If none, enter -0-.










For Privacy Act and Paperwork Reduction Act Notice, see the instructions for Form 990.
Cat. No. 50084S
Schedule C (Form 990 or 990-EZ) 2010

Schedule C (Form 990 or 990-EZ) 2010
Page 2
Part II-A
Complete if the organization is exempt under section 501(c)(3) and filed Form 5768 (election under section 501(h)).
A Check
B Check
Limits on Lobbying Expenditures
(The term "expenditures" means amounts paid or incurred.) 		(a) Filing
Organization's
Totals 		(b) Affiliated Group
Totals
1a Total lobbying expenditures to influence public opinion (grass roots lobbying) ......    
b Total lobbying expenditures to influence a legislative body (direct lobbying) .......    
c Total lobbying expenditures (add lines 1a and 1b) ...................    
d Other exempt purpose expenditures ........................    
e Total exempt purpose expenditures (add lines 1c and 1d) ...............    
f Lobbying nontaxable amount. Enter the amount from the following table in both
columns.		    
  If the amount on line 1e, column (a) or (b) is:The lobbying nontaxable amount is:    
  Not over $500,00020% of the amount on line 1e.    
  Over $500,000 but not over $1,000,000$100,000 plus 15% of the excess over $500,000.    
  Over $1,000,000 but not over $1,500,000$175,000 plus 10% of the excess over $1,000,000.    
  Over $1,500,000 but not over $17,000,000$225,000 plus 5% of the excess over $1,500,000.    
  Over $17,000,000$1,000,000.    
       
g Grassroots nontaxable amount (enter 25% of line 1f) .................    
h Subtract line 1g from line 1a. If zero or less, enter -0-. ................    
i Subtract line 1f from line 1c. If zero or less, enter -0-. ................    
j If there is an amount other than zero on either line 1h or line 1i, did the organization file Form 4720 reporting
section 4911 tax for this year? ......................................

4-Year Averaging Period Under Section 501(h)
(Some organizations that made a section 501(h) election do not have to complete all of the five
columns below. See the instructions for lines 2a through 2f on page 4.)
Lobbying Expenditures During 4-Year Averaging Period
  Calendar year (or fiscal year
beginning in) 		(a) 2007 (b) 2008 (c) 2009 (d) 2010 (e) Total
             
2a Lobbying non-taxable amount          
             
b Lobbying ceiling amount
(150% of line 2a, column(e)) 		         
             
c Total lobbying expenditures          
             
d Grassroots non-taxable amount          
             
e Grassroots ceiling amount
(150% of line 2d, column (e))		          
             
f Grassroots lobbying expenditures          
Schedule C (Form 990 or 990-EZ) 2010


Schedule C (Form 990 or 990-EZ) 2010
Page 3
Part II-B
Complete if the organization is exempt under section 501(c)(3) and has NOT filed Form 5768 (election under section 501(h)).
(a)
Yes
No
(b)
Amount
1
During the year, did the filing organization attempt to influence foreign, national, state or local legislation, including any attempt to influence public opinion on a legislative matter or referendum, through the use of:
a
Volunteers? .........................................
Yes
 
b
Paid staff or management (include compensation in expenses reported on lines 1c through 1i)? ....
 
No
c
Media advertisements? ....................................
 
No
 
d
Mailings to members, legislators, or the public? .........................
Yes
 
71,295
e
Publications, or published or broadcast statements? .......................
 
No
 
f
Grants to other organizations for lobbying purposes? .......................
 
No
 
g
Direct contact with legislators, their staffs, government officials, or a legislative body? ........
Yes
 
404,995
h
Rallies, demonstrations, seminars, conventions, speeches, lectures, or any similar means? ......
 
No
 
i
Other activities? If "Yes," describe in Part IV ..........................
 
No
 
j
Total. lines 1c through 1i ...................................
476,290
2a
Did the activities in line 1 cause the organization to be not described in section 501(c)(3)? .....
 
No
b
If "Yes," enter the amount of any tax incurred under section 4912 .................
 
c
If "Yes," enter the amount of any tax incurred by organization managers under section 4912 .....
 
d
If the filing organization incurred a section 4912 tax, did it file Form 4720 for this year? .......
 
 
Part III-A
Complete if the organization is exempt under section 501(c)(4), section 501(c)(5), or section 501(c)(6).
Yes
No
1
Were substantially all (90% or more) dues received nondeductible by members? ................
1
 
 
2
Did the organization make only in-house lobbying expenditures of $2,000 or less? ................
2
 
 
3
Did the organization agree to carryover lobbying and political expenditures from the prior year? ..........
3
 
 
Part III-B
Complete if the organization is exempt under section 501(c)(4), section 501(c)(5), or section 501(c)(6) if BOTH Part III-A, lines 1 and 2 are answered “No” OR if Part III-A, line 3 is answered “Yes”.
1
Dues, assessments and similar amounts from members .....................
1
 
2
Section 162(e) non-deductible lobbying and political expenditures (do not include amounts of political
expenses for which the section 527(f) tax was paid).
a
Current year .........................................
2a
 
b
Carryover from last year ....................................
2b
 
c
Total ...........................................
2c
 
3
Aggregate amount reported in section 6033(e)(1)(A) notices of nondeductible section 162(e) dues .
3
 
4
If notices were sent and the amount on line 2c exceeds the amount on line 3, what portion of the excess does the organization agree to carryover to the reasonable estimate of nondeductible lobbying and political expenditure next year? ................................
4
 
5
Taxable amount of lobbying and political expenditures (see instructions) ..............
5
 
Part IV
Supplemental Information
Complete this part to provide the descriptions required for Part l-A, line 1; Part l-B, line 4; Part l-C, line 5; and Part ll-B, line 1i.
Also, complete this part for any additional information.
Identifier Return Reference Explanation
EXPLANATION OF OTHER LOBBYING ACTIVITIES: PART II-B, LINE 1I: 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.
Schedule C (Form 990 or 990EZ) 2010

Additional Data


Software ID:  
Software Version:  

SCHEDULE D
(Form 990)
Department of the Treasury
Internal Revenue Service
Supplemental Financial Statements
SchDMd Bullet Complete if the organization answered "Yes," to Form 990,
Part IV, line 6, 7, 8, 9, 10, 11, or 12.
SchDMd Bullet Attach to Form 990. SchDMd Bullet See separate instructions.
OMB No. 1545-0047
2010
Open to Public Inspection
Name of the organization
DREXEL UNIVERSITY
 
Employer identification number

23-1352630
Part I
Organizations Maintaining Donor Advised Funds or Other Similar Funds or Accounts. Complete if the organization answered "Yes" to Form 990, Part IV, line 6.
(a) Donor advised funds (b) Funds and other accounts
1 Total number at end of year .......    
2 Aggregate contributions to (during year) ...    
3 Aggregate grants from (during year) ...    
4 Aggregate value at end of year .......    
5
Did the organization inform all donors and donor advisors in writing that the assets held in donor advised
funds are the organization's property, subject to the organization's exclusive legal control? ............
6
Did the organization inform all grantees, donors, and donor advisors in writing that grant funds may be
used only for charitable purposes and not for the benefit of the donor or donor advisor, or for any other purpose conferring impermissible private benefit. ...................................
Part II
Conservation Easements. Complete if the organization answered "Yes" to Form 990, Part IV, line 7.
1
Purpose(s) of conservation easements held by the organization (check all that apply).
2
Complete lines 2a–2d if the organization held a qualified conservation contribution in the form of a conservation easement on the last day of the tax year.
Held at the End of the Year
a Total number of conservation easements ....................... 2a  
b Total acreage restricted by conservation easements .................. 2b  
c Number of conservation easements on a certified historic structure included in (a) ..... 2c  
d Number of conservation easements included in (c) acquired after 8/17/06 ........ 2d  
3
Number of conservation easements modified, transferred, released, extinguished, or terminated by the organization during
the taxable year SchDMd Bullet  
4
Number of states where property subject to conservation easement is located SchDMd Bullet  
5
Does the organization have a written policy regarding the periodic monitoring, inspection, handling of violations, and
enforcement of the conservation easements it holds? .............................
6
Staff and volunteer hours devoted to monitoring, inspecting and enforcing conservation easements during the year SchDMd Bullet  
7
Amount of expenses incurred in monitoring, inspecting, and enforcing conservation easements during the year SchDMd Bullet $  
8
Does each conservation easement reported on line 2(d) above satisfy the requirements of section
170(h)(4)(B)(i) and 170(h)(4)(B)(ii)? ....................................
9
In Part XIV, describe how the organization reports conservation easements in its revenue and expense statement, and
balance sheet, and include, if applicable, the text of the footnote to the organization’s financial statements that describes
the organization’s accounting for conservation easements.
Part III
Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets.
Complete if the organization answered "Yes" to Form 990, Part IV, line 8.
1a
If the organization elected, as permitted under SFAS 116, not to report in its revenue statement and balance sheet works of
art, historical treasures, or other similar assets held for public exhibition, education or research in furtherance of public service,
provide, in Part XIV, the text of the footnote to its financial statements that describes these items.
b
If the organization elected, as permitted under SFAS 116, to report in its revenue statement and balance sheet works of art,
historical treasures, or other similar assets held for public exhibition, education, or research in furtherance of public service,
provide the following amounts relating to these items:
(i)
Revenues included in Form 990, Part VIII, line 1 ........................SchDMd Bullet $  
(ii)
Assets included in Form 990, Part X ..............................SchDMd Bullet $ 8,845,026
2
If the organization received or held works of art, historical treasures, or other similar assets for financial gain, provide the
following amounts required to be reported under SFAS 116 relating to these items:
a
Revenues included in Form 990, Part VIII, line 1 ..........................SchDMd Bullet $  
b
Assets included in Form 990, Part X ...............................SchDMd Bullet $  
For Privacy Act and Paperwork Reduction Act Notice, see the Intructions for Form 990
Cat. No. 52283D
Schedule D (Form 990) 2010

Schedule D (Form 990) 2010
Page 2
Part III
Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets (continued)
3
Using the organization’s accession and other records, check any of the following that are a significant use of its collection
items (check all that apply):
a
d
b
e
 
c
4
Provide a description of the organization’s collections and explain how they further the organization’s exempt purpose in
Part XIV.
5
During the year, did the organization solicit or receive donations of art, historical treasures or other similar
assets to be sold to raise funds rather than to be maintained as part of the organization’s collection?........
Part IV
Escrow and Custodial Arrangements. Complete if the organization answered "Yes" to Form 990,
Part IV, line 9, or reported an amount on Form 990, Part X, line 21.
1a
Is the organization an agent, trustee, custodian or other intermediary for contributions or other assets not
included on Form 990, Part X? ....................................
b
If "Yes," explain the arrangement in Part XIV and complete the following table:
Amount
c Beginning balance ................................. 1c  
d Additions during the year .............................. 1d  
e Distributions during the year ............................. 1e  
f Ending balance ................................... 1f  
2a
Did the organization include an amount on Form 990, Part X, line 21? .....................
b
If “Yes,” explain the arrangement in Part XIV.
Part V
Endowment Funds. Complete if the organization answered "Yes" to Form 990, Part IV, line 10.
(a)Current Year (b)Prior Year (c)Two Years Back (d)Three Years Back (e)Four Years Back
1a Beginning of year balance .... 305,402,000 290,578,000 379,632,000
b Contributions ........ 35,214,000 5,991,000 6,557,000
c Investment earnings or losses ... 58,733,000 26,089,000 -77,701,000
d Grants or scholarships ..... 4,275,410 4,623,190 4,840,385
e Other expenditures for facilities
and programs ........ 		12,487,590 12,632,810 13,069,615
f Administrative expenses ....      
g End of year balance ...... 382,586,000 305,402,000 290,578,000
2
Provide the estimated percentage of the year end balance held as:
a
Board designated or quasi-endowment: SchDMd Bullet52.000 %
b
Permanent endowment: SchDMd Bullet28.000 %
c
Term endowment: SchDMd Bullet20.000 %
3a
Are there endowment funds not in the possession of the organization that are held and administered for the
organization by:

Yes
No
(i) unrelated organizations ........................
3a(i)
 
No
(ii) related organizations ........................
3a(ii)
 
No
b
If "Yes" to 3a(ii), are the related organizations listed as required on Schedule R? .........
3b
 
 
4
Describe in Part XIV the intended uses of the organization's endowment funds.
Part VI
Investments—Land, Buildings, and Equipment. See Form 990, Part X, line 10.
Description of investment (a) Cost or other basis (investment) (b)Cost or other basis (other) (c) Accumulated depreciation (d) Book value
1a Land .................   44,952,985 44,952,985
b Buildings ................   643,864,660 157,433,887 486,430,773
c Leasehold improvements ............   10,904,742 5,078,427 5,826,315
d Equipment ................   74,986,628 43,118,453 31,868,175
e Other .................   44,072,847 26,520,415 17,552,432
Total. Add lines 1a-1e. (Column (d) should equal Form 990, Part X, column (B), line 10(c).)........SchDMdBullet 586,630,680
Schedule D (Form 990) 2010

Schedule D (Form 990) 2010
Page 3
Part VII
Investments—Other Securities. See Form 990, Part X, line 12.
(a) Description of security or category
(including name of security)		 (b)Book value (c) Method of valuation:
Cost or end-of-year market value
(1)Financial derivatives    
(2)Closely-held equity interests    
Other








Total. (Column (b) should equal Form 990, Part X, col.(B) line 12.)Small Bullet  
Part VIII
Investments—Program Related. See Form 990, Part X, line 13.
(a) Description of investment type (b) Book value (c) Method of valuation:
Cost or end-of-year market value








Total. (Column (b) should equal Form 990, Part X, col.(B) line 13.)Small Bullet  
Part IX
Other Assets. See Form 990, Part X, line 15.
(a) Description (b) Book value








Total. (Column (b) should equal Form 990, Part X, col.(B) line 15.)...........Small Bullet  
Part X
Other Liabilities. See Form 990, Part X, line 25.
1.(a) Description of Liability (b) Amount
Federal Income Taxes  
DEPOSITS 16,888,761
GOVERNMENT ADVANCES FOR STUDENT LOANS 13,234,290
DUE TO AFFILIATES 22,141,353
CAPITAL LEASE, ARMORY 3,087,060





Total. (Column (b) should equal Form 990, Part X, col.(B) line 25.)Small Bullet 55,351,464
2. Fin 48 (ASC 740) Footnote. In Part XIV, provide the text of the footnote to the organization's financial statements that reports the organization's liability for uncertain tax positions under FIN 48 (ASC740).
Schedule D (Form 990) 2010

Schedule D (Form 990) 2010
Page 4
Part XI Reconciliation of Change in Net Assets from Form 990 to Financial Statements
1 Total revenue (Form 990, Part VIII, column (A), line 12) .................... 1  
2 Total expenses (Form 990, Part IX, column (A), line 25) ..................... 2  
3 Excess or (deficit) for the year. Subtract line 2 from line 1 ............. 3  
4 Net unrealized gains (losses) on investments .......................... 4  
5 Donated services and use of facilities ............................. 5  
6 Investment expenses ................................... 6  
7 Prior period adjustments .................................. 7  
8 Other (Describe in Part XIV) ................................. 8  
9 Total adjustments (net). Add lines 4 - 8 ............................. 9  
10 Excess or (deficit) for the year per financial statements. Combine lines 3 and 9 ......... 10  
Part XII Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
1 Total revenue, gains, and other support per audited financial statements ....... 1  
2 Amounts included on line 1 but not on Form 990, Part VIII, line 12:
a Net unrealized gains on investments .......... 2a  
b Donated services and use of facilities ......... 2b  
c Recoveries of prior year grants ........... 2c  
d Other (Describe in Part XIV): ............ 2d  
e Add lines 2a through 2d ..................... 2e  
3 Subtract line 2e from line 1..................... 3  
4 Amounts included on Form 990, Part VIII, line 12, but not on line 1:
a Investment expenses not included on Form 990, Part VIII, line 7b . 4a  
b Other (Describe in Part XIV): ........... 4b  
c Add lines 4a and 4b....................... 4c  
5 Total Revenue. Add lines 3 and 4c. (This should equal Form 990, Part I, line 12.) ...... 5  
Part XIII Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
1 Total expenses and losses per audited financial statements ............. 1  
2 Amounts included on line 1 but not on Form 990, Part IX, line 25:
a Donated services and use of facilities .......... 2a  
b Prior year adjustments .............. 2b  
c Other losses ................ 2c  
d Other (Describe in Part XIV): ............ 2d  
e Add lines 2a through 2d...................... 2e  
3 Subtract line 2e from line 1..................... 3  
4 Amounts included on Form 990, Part IX, line 25, but not on line 1:
a Investment expenses not included on Form 990, Part VIII, line 7b .. 4a  
b Other (Describe in Part XIV): ............ 4b  
c Add lines 4a and 4b....................... 4c  
5 Total expenses. Add lines 3 and 4c. (This should equal Form 990, Part I, line 18.) ...... 5  
Part XIV
Supplemental Information
Complete this part to provide the descriptions required for Part II, lines 3, 5, and 9; Part III, lines 1a and 4; Part lV, lines 1b and 2b;
Part V, line 4; Part X; Part XI, line 8; Part XII, lines 2d and 4b; and Part XIII, lines 2d and 4b. Also complete this part to provide any additional information.
Identifier Return Reference Explanation
  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, THE RINCLIFFE GALLERY, AND IN THE PAUL PECK ALUMNI CENTER. EUROPEAN DECORATIVE ARTS ARE DISPLAYED THROUGHOUT THE GREAT COURT. TOURS ARE CONDUCTED IN THE GALLERIES FOR VISITORS. ALL OF THE GALLARIES ARE FREE AND OPEN TO THE PUBLIC.
DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: 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 UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE UNIVERSITY DID NOT HAVE A LIABILITY FOR UNCERTAIN TAX POSITIONS UNDER FIN 48.
Schedule D (Form 990) 2010

Additional Data


Software ID:  
Software Version:  




SCHEDULE E(Form 990 or 990-EZ)
Department of the TreasuryInternal Revenue Service
Schools
Right pointing arrow large imageComplete if the organization answered "Yes" to Form 990, Part IV, line 13,
or Form 990-EZ, Part VI, line 48.
Right pointing arrow large image Attach to Form 990 or Form 990-EZ.
OMB No. 1545-0047
2010
Open to Public Inspection
Name of the organization
DREXEL UNIVERSITY
 
Employer identification number

23-1352630
Part I
YES
NO
1
Does the organization have a racially nondiscriminatory policy toward students by statement in its charter, bylaws,
other governing instrument, or in a resolution of its governing body? ......................
1
Yes
 
2
Does the organization include a statement of its racially nondiscriminatory policy toward students in all its
brochures, catalogues, and other written communications with the public dealing with student admissions,
programs, and scholarships? ......................................
2
Yes
 
3
Has the organization publicized its racially nondiscriminatory policy through newspaper or broadcast media during
the period of solicitation for students, or during the registration period if it has no solicitation program, in a way
that makes the policy known to all parts of the general community it serves? If "Yes," please describe. If "No,"
please explain. If you need more space use Part II. .............................
3
Yes
 
 
4
Does the organization maintain the following?
a
Records indicating the racial composition of the student body, faculty, and administrative staff? ..........
4a
Yes
 
b
Records documenting that scholarships and other financial assistance are awarded on a racially nondiscriminatory
basis? ...............................................
4b
Yes
 
c
Copies of all catalogues, brochures, announcements, and other written communications to the public dealing
with student admissions, programs, and scholarships? ...........................
4c
Yes
 
d
Copies of all material used by the organization or on its behalf to solicit contributions? ..............
4d
Yes
 
If you answered "No" to any of the above, please explain. If you need more space, use Part II.
 
5
Does the organization discriminate by race in any way with respect to:
a
Students' rights or privileges? .....................................
5a
 
No
b
Admissions policies? .........................................
5b
 
No
c
Employment of faculty or administrative staff? ..............................
5c
 
No
d
Scholarships or other financial assistance? ................................
5d
 
No
e
Educational policies? .........................................
5e
 
No
f
Use of facilities? ...........................................
5f
 
No
g
Athletic programs? ..........................................
5g
 
No
h
Other extracurricular activities? .....................................
5h
 
No
If you answered "Yes" to any of the above, please explain. If you need more space, use Part II.
 
6a
Does the organization receive any financial aid or assistance from a governmental agency? ............
6a
Yes
 
b
Has the organization's right to such aid ever been revoked or suspended? ...................
6b
 
No
If you answered "Yes" to either line 6a or line 6b, explain on Part II.
7
Does the organization certify that it has complied with the applicable requirements of sections 4.01 through 4.05
of Rev. Proc. 75-50, 1975-2 C.B. 587, covering racial nondiscrimination? If "No," explain on Part II.
7
Yes
 
Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50085D
Schedule E (Form 990 or 990-EZ) 2010
Schedule E (Form 990 or 990EZ) 2010
Page 2
Part II
Supplemental Information
Complete this part to provide the explanations required by Part I, lines 3, 4d, 5h, 6b, and 7, as applicable. Also complete this part to provide any other additional information (see instructions).
Identifier Return Reference Explanation
EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION SCHEDULE E, PART I, LINE 3 DREXEL UNIVERSITY INCLUDES ITS RACIALLY NONDISCRIMINATORY POLICY IN NEWSPAPER AND MAGAZINE ADVERTISING DURING REGISTRATION PERIODS AND IN STUDENT BROCHURES.
EXPLANATION OF RACIAL DISCRIMINATION SCHEDULE E, PART I, LINE 5 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.
EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE SCHEDULE E, PART I, LINE 6 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.
Schedule E (Form 990 or 990-EZ) 2010
Additional Data


Software ID:  
Software Version:  
SCHEDULE F
(Form 990)

Department of the Treasury
Internal Revenue Service
Statement of Activities Outside the United States
Right pointing arrow large image Complete if the organization answered "Yes" to Form 990,
Part IV, line 14b, 15, or 16.
Right pointing arrow large image Attach to Form 990. Right pointing arrow large image See separate instructions.
OMB No. 1545-0047
2010
Open to Public Inspection
Name of the organization
DREXEL UNIVERSITY
 
Employer identification number

23-1352630
Part I
General Information on Activities Outside the United States. Complete if the organization answered
“Yes” to Form 990, Part IV, line 14b.
1
For grantmakers. Does the organization maintain records to substantiate the amount of the grants or
assistance, the grantees' eligibility for the grants or assistance, and the selection criteria used to award
the grants or assistance? ...................................
2
For grantmakers. Describe in Part V the organization’s procedures for monitoring the use of grant funds outside the
United States.
3
Activites per Region. (Use Part V if additional space is needed.)
(a) Region (b) Number of offices in the region (c) Number of employees or agents in region or independent contractors (d) Activities conducted in region (by type) (e.g., fundraising, program services, investments, grants to recipients located in the region) (e) If activity listed in (d) is a program service, describe specific type of
service(s) in region		 (f) Total
expenditures for region/investments
in region
EUROPE 0 0 PROGRAM SERVICES ATHLETICS 12,195
NORTH AMERICA 0 0 PROGRAM SERVICES ATHLETICS 1,499
EUROPE 0 0 BUSINESS   215
SOUTH AMERICA 0 0 BUSINESS   16
SOUTH ASIA 0 0 FUNDRAISING   25
EUROPE 0 0 FUNDRAISING   12,894
EAST ASIA AND THE PACIFIC 0 0 FUNDRAISING   4,072
NORTH AMERICA 0 0 FUNDRAISING   3,892
SOUTH ASIA 0 0 PROGRAM SERVICES CONFERENCES/TRAVEL 2,179
EUROPE 0 0 PROGRAM SERVICES CONFERENCES/TRAVEL 352,879
EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES CONFERENCES/TRAVEL 104,578
SOUTH AMERICA 0 0 PROGRAM SERVICES CONFERENCES/TRAVEL 50,257
SUB-SAHARAN AFRICA 0 0 PROGRAM SERVICES CONFERENCES/TRAVEL 268
CENTRAL AMERICA 0 0 PROGRAM SERVICES CONFERENCES/TRAVEL 30,921
RUSSIA 0 0 PROGRAM SERVICES CONFERENCES/TRAVEL 446
MIDDLE EAST & NORTH AFRICA 0 0 PROGRAM SERVICES CONFERENCES/TRAVEL 28,617
SOUTH ASIA 0 0 PROGRAM SERVICES RECRUITING 16,971
EUROPE 0 0 PROGRAM SERVICES RECRUITING 48,439
EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES RECRUITING 73,257
SOUTH AMERICA 0 0 PROGRAM SERVICES RECRUITING 7,573
NORTH AMERICA 0 0 PROGRAM SERVICES RECRUITING 5,143
SUB-SAHARAN AFRICA 0 0 PROGRAM SERVICES RECRUITING 3,952
CENTRAL AMERICA 0 0 PROGRAM SERVICES RECRUITING 1,251
MIDDLE EAST & NORTH AFRICA 0 0 PROGRAM SERVICES RECRUITING 7,138
SOUTH ASIA 0 0 PROGRAM SERVICES RESEARCH 6,361
EUROPE 0 0 PROGRAM SERVICES RESEARCH 412,831
EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES RESEARCH 90,877
SOUTH AMERICA 0 0 PROGRAM SERVICES RESEARCH 5,751
NORTH AMERICA 0 0 PROGRAM SERVICES RESEARCH 515,363
SUB-SAHARAN AFRICA 0 0 PROGRAM SERVICES RESEARCH 205,605
RUSSIA 0 0 PROGRAM SERVICES RESEARCH 3,023
MIDDLE EAST & NORTH AFRICA 0 0 PROGRAM SERVICES RESEARCH 73,815
EUROPE 0 0 PROGRAM SERVICES STUDY ABROAD 181,965
EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES STUDY ABROAD 29,321
SOUTH AMERICA 0 0 PROGRAM SERVICES STUDY ABROAD 316
NORTH AMERICA 0 0 PROGRAM SERVICES STUDY ABROAD 315
CENTRAL AMERICA 0 0 PROGRAM SERVICES STUDY ABROAD 47,250
MIDDLE EAST & NORTH AFRICA 0 0 PROGRAM SERVICES STUDY ABROAD 365
NORTH AMERICA 0 0 PROGRAM SERVICES INSTRUCTION 54,972
3a Sub-total ..... 0 0 34,808
b Total from continuation sheets to Part I ... 0 0 2,361,999
c Totals (add lines 3a and 3b) 0 0 2,396,807
For Privacy Act and Paperwork Reduction Act Notice, see the Instructions for Form 990.Cat. No. 50082W Schedule F (Form 990) 2010
Schedule F (Form 990) 2010
Page 2
Part II
Grants and Other Assistance to Organizations or Entities Outside the United States. Complete if the organization answered "Yes" to Form 990,
Part IV, line 15, for any recipient who received more than $5,000. Check this box if no one recipient received more than $5,000 ........ MediumBullet
Use Part V if additional space is needed.
1 (a) Name of organization (b) IRS code section
and EIN (if applicable)		 (c) Region (d) Purpose of
grant 		(e) Amount of
cash grant 		(f) Manner of
cash
disbursement 		(g) Amount of
of non-cash
assistance 		(h) Description
of non-cash
assistance 		(i) Method of
valuation
(book, FMV,
appraisal, other)
EUROPE RESEARCH 77,235 WIRE 0    
EUROPE RESEARCH 117,780 WIRE 0    
MIDDLE EAST AND NORTH AFRICA RESEARCH 50,000 WIRE 0    
NORTH AMERICA RESEARCH 77,046 CHECK 0    
EUROPE RESEARCH 184,384 CHECK 0    
NORTH AMERICA RESEARCH 9,500 CHECK 0    
NORTH AMERICA RESEARCH 13,867 CHECK 0    
NORTH AMERICA RESEARCH 332,616 CHECK      
EAST ASIA AND THE PACIFIC RESEARCH 44,641 CHECK      
             
             
             
             
             
             
             
2
Enter total number of recipient organizations listed above that are recognized as charities by the foreign country, recognized as tax-exempt by the IRS, or for which the grantee or counsel has provided a section 501(c)(3) equivalency letter .....MediumBullet
6
3
Enter total number of other organizations or entities ........................MediumBullet
3
Schedule F (Form 990) 2010
Schedule F (Form 990) 2010Page 3
Part III
Grants and Other Assistance to Individuals Outside the United States. Complete if the organization answered "Yes" to Form 990, Part IV, line 16.
Use Part V if additional space is needed.
(a) Type of grant or assistance (b) Region (c) Number of recipients (d) Amount of
cash grant 		(e) Manner of cash
disbursement 		(f) Amount of
non-cash
assistance 		(g) Description
of non-cash
assistance 		(h) Method of
valuation
(book, FMV,
appraisal, other)
SCHOLARSHIPS CENTRAL AMERICA AND THE CARIBBEAN 39 445,036 CREDIT TO STUDENT ACCOUNTS 0    
SCHOLARSHIPS EAST ASIA AND THE PACIFIC 700 9,450,635 CREDIT TO STUDENT ACCOUNTS 0    
SCHOLARSHIPS EUROPE 244 4,470,601 CREDIT TO STUDENT ACCOUNTS 0    
SCHOLARSHIPS MIDDLE EAST AND NORTH AFRICA 84 1,296,574 CREDIT TO STUDENT ACCOUNTS 0    
SCHOLARSHIPS NORTH AMERICA 38 668,012 CREDIT TO STUDENT ACCOUNTS 0    
SCHOLARSHIPS RUSSIA AND NEWLY INDEPENDENT STATES 71 949,521 CREDIT TO STUDENT ACCOUNTS 0    
SCHOLARSHIPS SOUTH AMERICA 50 604,591 CREDIT TO STUDENT ACCOUNTS 0    
SCHOLARSHIPS SOUTH ASIA 479 6,342,731 CREDIT TO STUDENT ACCOUNTS 0    
SCHOLARSHIPS SUB-SAHARAN AFRICA 155 2,136,633 CREDIT TO STUDENT ACCOUNTS 0    
               
               
               
               
               
               
               
               
               
Schedule F (Form 990) 2010
Schedule F (Form 990) 2010
Page 4
Part IV
Foreign Forms
1 Was the organization a U.S. transferor of property to a foreign corporation during the tax year? If "Yes," the organization may be required to file Form 926 (see instructions for Form 926).................
2 Did the organization have an interest in a foreign trust during the tax year? If " Yes," the organization may be required to file Form 3520 and/or Form 3520-A. (see instructions for Forms 3520 and 3520-A)..........
3 Did the organization have an ownership interest in a foreign corporation during the tax year? If "Yes," the organization may be required to file Form 5471, Information Return of U.S. Persons with respect to Certain Foreign Corporations. (see instructions for Form 5471)..............................
4 Was the organization a direct or indirect shareholder of a passive foreign investment company or a qualified electing fund during the tax year? If "Yes," the organization may be required to file Form 8621, Return by a Shareholder of a Passive Foreign Investment Company or Qualified Electing Fund. (see instructions for Form 8621)
5 Did the organization have an ownership interest in a foreign partnership during the tax year? If "Yes," the organization may be required to file Form 8865, Return of U.S. Persons with respect to Certain Foreign Partnerships. (see instructions for Form 8865)....................................
6 Did the organization have any operations in or related to any boycotting countries during the tax year? If "Yes," the organization may be required to file Form 5713, International Boycott Report (see instructions for Form 5713)................................................
Schedule F (Form 990) 2010
Schedule F (Form 990) 2010
Page 5
Part V
Supplemental Information
Complete this part to provide the information (see instructions) required in Part I, line 2, and any additional information.
Identifier ReturnReference Explanation
PROCEDURE FOR MONITORING GRANTS OUTSIDE THE U.S.:   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.
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
Schedule F (Form 990) 2010
Additional Data


Software ID:  
Software Version:  



SCHEDULE G
(Form 990 or 990-EZ)
Department of the Treasury
Internal Revenue Service
Supplemental Information Regarding
Fundraising or Gaming Activities
Complete if the organization answered "Yes" to Form 990, Part IV, lines 17, 18, or 19,
or if the organization entered more than $15,000 on Form 990-EZ, line 6a.
right arrow Attach to Form 990 or Form 990-EZ. right arrow See separate instructions.
OMB No. 1545-0047
2010
Open to Public Inspection
Name of the organization
DREXEL UNIVERSITY
 
Employer identification number

23-1352630
Part I
Fundraising Activities. Complete if the organization answered "Yes" to Form 990, Part IV, line 17.
1
Indicate whether the organization raised funds through any of the following activities. Check all that apply.
a e
b f
c g
d
2a
Did the organization have a written or oral agreement with any individual (including officers, directors, trustees
or key employees listed in Form 990, Part VII) or entity in connection with professional fundraising services?
b
If “Yes,” list the ten highest paid individuals or entities (fundraisers) pursuant to agreements under which the fundraiser is
to be compensated at least $5,000 by the organization. Form 990-EZ filers are not required to complete this table.
(i) Name and address of individual
or entity (fundraiser) 		(ii) Activity (iii) Did fundraiser have custody or control of contributions? (iv) Gross receipts
from activity 		(v) Amount paid to
(or retained by)
fundraiser listed in
col. (i) 		(vi) Amount paid to
(or retained by)
organization
Yes No
 
STOCKADE CONSULTING GROUP INC
650 FRANKLIN STREET
 
SCHENECTADY, NY12305 		TELEMARKETING   No 324,657 159,550 165,107
Total .................right arrow 324,657 159,550 165,107
3
List all states in which the organization is registered or licensed to solicit funds or has been notified it is exempt from registration or licensing.
AL, AK, AR, CA, CO, CT, DE, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, MT, NE, NV, NH, NJ, NM, NY, NC, ND, OH, OK, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, WI, WY
For Privacy Act and Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50083H
Schedule G (Form 990 or 990-EZ) 2010
Schedule G (Form 990 or 990-EZ) 2010
Page 2
Part II
Fundraising Events. Complete if the organization answered "Yes" to Form 990, Part IV, line 18, or reported more than $15,000 on Form 990-EZ, line 6a. List events with gross receipts greater than $5,000.
(a) Event #1

14TH PRESIDENT INAUGURATION
(event type) 		(b) Event #2

BUSINESS LEADER OF THE YEAR
(event type) 		(c) Other Events

5
(total number) 		(d) Total Events
(Add col. (a) through col. (c))
VerticalRevenue 1 Gross receipts . . . 277,500 161,700 425,670 864,870
2 Less: Charitable
contributions . . . 		269,790 139,105 296,211 705,106
3 Gross income (line 1
minus line 2) . . . 		7,710 22,595 129,459 159,764
VerticalDirectExpenses 4 Cash prizes . . .        
5 Non-cash prizes . .     42,541 42,541
6 Rent/facility costs . . 23,759 45,090 136,365 205,214
7 Food and beverages . . 41,689 26,401 83,424 151,514
8 Entertainment . . .        
9 Other direct expenses . 12,973 40,773 29,891 83,637
10 Direct expense summary. Add lines 4 through 9 in column (d) ........... right arrow 482,906
11 Net income summary. Combine lines 3 and 10 in column (d)............ right arrow -323,142
Part III
Gaming. Complete if the organization answered "Yes" to Form 990, Part IV, line 19, or reported more than $15,000 on Form 990-EZ, line 6a.
VerticalRevenue (a) Bingo (b) Pull tabs/Instant
bingo/progressive bingo 		(c) Other gaming (d) Total gaming (Add col. (a) through col. (c))
1 Gross revenue . . . .        
VerticalDirectExpenses 2 Cash prizes . . . .        
3 Non-cash prizes . . .        
4 Rent/facility costs . . .        
5 Other direct expenses . .        
6 Volunteer labor . . .
 
 
 
7 Direct expense summary. Add lines 2 through 5 in column (d) ........... right arrow  
8 Net gaming income summary. Combine lines 1 and 7 in column (d) .......... right arrow  
9
Enter the state(s) in which the organization operates gaming activities:
a
Is the organization licensed to operate gaming activities in each of these states? ............
b
If "No," Explain:
 
10a
Were any of the organization's gaming licenses revoked, suspended or terminated during the tax year? .....
b
If "Yes," Explain:
 
11
Does the organization operate gaming activities with nonmembers? .................
12
Is the organization a grantor, beneficiary or trustee of a trust or a member of a partnership or other entity
formed to administer charitable gaming? ...........................
Schedule G (Form 990 or 990-EZ) 2010
Schedule G (Form 990 or 990-EZ) 2010
Page 3
13
Indicate the percentage of gaming activity operated in:
a
The organization's facility ......................
13a
 
b
An outside facility ........................
13b
 
14
Provide the name and address of the person who prepares the organization's gaming/special events books and records:
Name right arrow
Address right arrow
15a
Does the organization have a contract with a third party from whom the organization receives gaming
revenue? ......................................
b
If "Yes," enter the amount of gaming revenue received by the organization right arrow $   and the
amount of gaming revenue retained by the third party right arrow $   .
c
If "Yes," enter name and address:
Name right arrow
Address right arrow
 
 
16
Gaming manager information:
Name right arrow
Gaming manager compensation right arrow $  
Description of services provided right arrow
 
17
Mandatory distributions:
a
Is the organization required under state law to make charitable distributions from the gaming proceeds to
retain the state gaming license? ............................
b
Enter the amount of distributions required under state law distributed to other exempt organizations or spent
in the organization's own exempt activities during the tax year right arrow$  
Part IV
Complete this part to provide additional information for responses to quuestion on Schedule G (see instructions.)
Identifier ReturnReference Explanation
Schedule G (Form 990 or 990-EZ) 2010
Additional Data


Software ID:  
Software Version:  
Schedule I
(Form 990)
Department of the Treasury
Internal Revenue Service
Grants and Other Assistance to Organizations,
Governments and Individuals in the United States
Complete if the organization answered "Yes," to Form 990, Part IV, line 21 or 22.
lBullet Attach to Form 990
OMB No. 1545-0047
2010
Open to Public
Inspection
Name of the organization
DREXEL UNIVERSITY
 
Employer identification number
23-1352630
Part I
General Information on Grants and Assistance
1
Does the organization maintain records to substantiate the amount of the grants or assistance, the grantees' eligibility for the grants or assistance, and
the selection criteria used to award the grants or assistance? ....................................
2
Describe in Part IV the organization's procedures for monitoring the use of grant funds in the United States.
Part II
Grants and Other Assistance to Governments and Organizations in the United States. Complete if the organization answered "Yes" to
Form 990, Part IV, line 21 for any recipient that received more than $5,000. Check this box if no one recipient received more than $5,000. Use
Part IV and Schedule I-1 (Form 990) if additional space is needed ......................... lBullet
(a) Name and address of organization
or government		 (b) EIN (c) IRC Code section
if applicable		 (d) Amount of cash grant (e) Amount of non-cash
assistance		 (f) Method of valuation
(book, FMV, appraisal,
other)		 (g) Description of
non-cash assistance		 (h) Purpose of grant
or assistance
(1) ABRAXIS LLC54 STEAMWHISTLE DRIVE
WARMINSTER,PA18974 		23-3004797   25,000       RESEARCH
(2) ANTENNA RESEARCH ASSOCIATES12201 INDIAN CREEK COURT
BELTSVILLE,MD20705 		52-0784035   90,438       RESEARCH
(3) ARGON ST NETWORK SYSTEMS12701 FAIR LAKES CIRCLE SUITE 800
FAIRFAX,VA22033 		38-1873250   121,309       RESEARCH
(4) BAYLOR COLLEGE OF MEDICINEONE BAYLOR PLAZA
HOUSTON,TX770303411 		74-1613878 501(C)(3) 29,864       RESEARCH
(5) BLOOMSBURG UNIVERSITY400 EAST SECOND STREET
BLOOMSBURG,PA18660 		23-2738930 501(C)(3) 8,653       RESEARCH
(6) BRANDEIS UNIVERSITY415 SOUTH STREET
WALTHAM,MA024549110 		04-2103552 501(C)(3) 51,737       RESEARCH
(7) BRYN MAWR COLLEGE101 NORTH MERION AVENUE
BRYN MAWR,PA191012899 		23-1352621 501(C)(3) 175,835       RESEARCH
(8) CARNEGIE MELLON UNIVERSITY5000 FORBES AVENUE
PITTSBURGH,PA15213 		25-0969449 501(C)(3) 49,926       RESEARCH
(9) CASE WESTERN RESERVE UNIVERSITY10900 EUCLID AVENUE
CLEVELAND,OH441067006 		34-1018992 501(C)(3) 135,334       RESEARCH
(10) CHARLES LOOMIS CHARISS MCAFEE ARCHITECTS INC1906 RITTENHOUSE SQUARE
PHILADELPHIA,PA19103 		23-3025211   29,363       RESEARCH
(11) CHARLESTON COUNTY SCHOOL DISTRICT3999 BRIDGE VIEW DRIVE
NORTH CHARLESTON,SC29405 		57-6000322 COUNTY OF CHARLESTON 23,410       RESEARCH
(12) CHEYNEY UNIVERSITY1837 UNIVERSITY CIRCLE
CHEYNEY,PA19319 		23-2478688 501(C)(3) 21,552       RESEARCH
(13) CHILDRENS HOSPITAL OF LOS ANGELES4650 SUNSET BLVD
LOS ANGELES,CA90027 		94-1690977 501(C)(3) 208,196       RESEARCH
(14) CHILDRENS HOSPITAL OF PHILADELPHIA34TH STREET CIVIC CENTER BLVD
PHILADELPHIA,PA19104 		23-1352166 501(C)(3) 6,092       RESEARCH
(15) COALITION OF NATIONAL CANCER COOPER1818 MARKET STREET SUITE 1100
PHILADELPHIA,PA19103 		23-2935628 501(C)(3) 128,331       RESEARCH
(16) COLBY COLLEGE4120 MAYFLOWER HILL DRIVE
WATERVILLE,ME04901 		01-0211497 501(C)(3) 21,224       RESEARCH
(17) COLUMBIA UNIVERSITY615 WEST 131ST STREET 3RD FLOOR
NEW YORK,NY10027 		13-5598093 501(C)(3) 117,521       RESEARCH
(18) COMMUNITY COLLEGE OF PHILADELPHIA1700 SPRING GARDEN STREET
PHILADELPHIA,PA19130 		23-2612698 501(C)(3) 20,969       RESEARCH
(19) DANA-FARBER CANCER INSTITUTE44 BINNEY STREET BP414
BOSTON,MA02115 		04-2263040 501(C)(3) 186,720       RESEARCH
(20) DELAWARE STATE UNIVERSITY1200 N DUPONT HIGHWAY
DOVER,DE19901 		51-0305893 501(C)(3) 303,709       RESEARCH
(21) DESERT RESEARCH INSTITUTE2215 RAGGIO PARKWAY
RENO,NV89512 		88-6000024 501(C)(3) 67,588       RESEARCH
(22) FLORIDA ATLANTIC UNIVERSITYPO BOX 3091 777 GLADES ROAD
BUCO RATON,FL334310991 		65-0385507 501(C)(3) 18,300       RESEARCH
(23) FLORIDA STATE UNIVERSITYA2200 UNIVERSITY CENTER
TALLAHASSEE,FL323062390 		59-0917284 501(C)(3) 49,255       RESEARCH
(24) FRANCISCAN HOSPITAL FOR CHILDREN30 WARREN STREET
BRIGHTON,MA02135 		04-2156082 501(C)(3) 16,937       RESEARCH
(25) GEISINGER MEDICAL CENTER100 NORTH ACADEMY AVENUE
DANVILLE,PA17822 		24-0795959 501(C)(3) 5,610       RESEARCH
(26) GEORGIA TECH RESEARCH CORP711 MARIETTA STREET
ATLANTA,GA30318 		58-6002023 STATE OF GEORGIA 83,676       RESEARCH
(27) HARTZBAND CENTER FOR HIP & KNEE REP10 FOREST AVENUE
PARAMUS,NJ07652 		16-1635466   37,500       RESEARCH
(28) HARVARD UNIVERSITY1033 MASSACHUSETTS AVENUE 2ND FLOOR
FLOOR
CAMBRIDGE,MA02138 		04-2103580 501(C)(3) 85,087       RESEARCH
(29) JOHNS HOPKINS UNIVERSITY8013 CORPORATE DRIVE SUITE D
BALTIMORE,MD21236 		52-0595110 501(C)(3) 876,097       RESEARCH
(30) KAISER FOUNDATION RESEARCH1800 HARRISON STREET 16TH FLOOR
OAKLAND,CA94612 		94-1105628 501(C)(3) 828,004       RESEARCH
(31) KDH ELECTRONICS SYSTEMS401 BROAD STREET
JOHNSTOWN,PA15906 		20-0391151   108,735       RESEARCH
(32) LINCOLN UNIVERSITY1570 BALTIMORE PIKE
LINCOLN UNIVERSITY,PA19352 		23-1352655 501(C)(3) 10,878       RESEARCH
(33) MASSACHUSETTS INSTITUTE OF TECHNOLOGY77 MASSACHUSETTS AVENUE
CAMBRIDGE,MA02139 		04-2103594 501(C)(3) 190,009       RESEARCH
(34) MICHIGAN STATE UNIVERSITY360 ADMINISTRATION BUILDING
EAST LANSING,MI488241046 		38-6005984 501(C)(3) 59,214       RESEARCH
(35) MOBILE COUNTY PUBLIC SCHOOL1 MAGNUM PASS
MOBILE,AL36618 		63-6000774 501(C)(3) 204,607       RESEARCH
(36) NATIONAL BUREAU OF ECONOMIC RESEARCH1050 MASSACHUSETTS AVENUE
CAMBRIDGE,MA02138 		13-1641075 501(C)(3) 71,843       RESEARCH
(37) NATIONAL DEVELOPMENT AND RESEARCH INSTITUTED INC71 W 23RD STREET 8TH FLOOR
NEW YORK,NY10010 		23-7009089 501(C)(3) 196,189       RESEARCH
(38) NATIONAL JEWISH MEDICAL & RESEARCH1400 JACKSON STREET
DENVER,CO80206 		74-2044647 501(C)(3) 25,385       RESEARCH
(39) NEW JERSEY INSTITUTE OF TECHNOLOGY2000 PENNINGTON ROAD
EWING,NJ086280718 		22-2797398 501(C)(3) 15,230       RESEARCH
(40) NORTHWESTERN UNIVERSITY2001 SHERIDAN ROAD LEVERONE 371
EVANSTON,IL60208 		36-2167817 501(C)(3) 10,192       RESEARCH
(41) PENNSYLVANIA STATE UNIVERSITYJAMES M ELLIOTT BUILDING SUITE 202
UNIVERSITY PARK,PA16802 		24-6000376 501(C)(3) 72,000       RESEARCH
(42) PHILADELPHIA HEALTH MANAGEMENT CORP260 SOUTH BROAD STREET 18TH FLOOR
PHILADELPHIA,PA191025085 		23-7221025 501(C)(3) 31,243       RESEARCH
(43) PUBLIC HEALTH INSTITUTE555 12TH STREET 10TH FLOOR
OAKLAND,CA946074046 		94-1646278 501(C)(3) 88,923       RESEARCH
(44) QCOM INC475 ROUTE 520 SUITE 200
MARLBORO,NJ07746 		22-3418893   125,399       RESEARCH
(45) REGENTS OF UNIVERSITY OF CALIFORNIAONE SHIELDS AVENUE
DAVIS,CA95616 		94-6036494 501(C)(3) 513,804       RESEARCH
(46) ROTHMAN INSTITUTEPO BOX 757910
PHILADELPHIA,PA191757910 		23-2856880 501(C)(3) 59,811       RESEARCH
(47) ROWAN UNIVERSITY201 MULLICA HILL ROAD
GLASSBORO,NJ08028 		22-2764819 501(C)(3) 40,358       RESEARCH
(48) SAVANNAH RIVER NUCLEAR SOLUTIONS LLCPO BOX 6809
AIKEN,SC29808 		26-0240191   108,507       RESEARCH
(49) ST LUKE'S-ROOSEVELT HOSPITAL CENTER1111 AMSTERDAM AVENUE
NEW YORK,NY10025 		13-2997301 501(C)(3) 40,328       RESEARCH
(50) SWARTHMORE COLLEGE500 COLLEGE AVENUE
SWARTHMORE,PA19081 		23-1352683 501(C)(3) 39,162       RESEARCH
(51) TEMPLE UNIVERSITY1805 N BROAD STREET
PHILADELPHIA,PA19122 		23-1365971 501(C)(3) 19,702       RESEARCH
(52) THE TOR PROJECT969 MAIN STREET SUITE 206
WALPOLE,MA02081 		20-8096820 501(C)(3) 20,991       RESEARCH
(53) THOMAS JEFFERSON UNIVERSITY1020 WALNUT STREET
PHILADELPHIA,PA19107 		23-1352651 501(C)(3) 112,802       RESEARCH
(54) TRUSTEES OF UNIVERSITY OF PENNSYLVANIA3451 WALNUT STREET
PHILADELPHIA,PA19104 		23-1352685 501(C)(3) 1,278,291       RESEARCH
(55) UNIVERSITY OF ARIZONA888 N EUCLID AVENUE ROOM 502 PO BOX
3310
TUCSON,AZ857223310 		74-2652689 501(C)(3) 50,801       RESEARCH
(56) UNIVERSITY OF CALIFORNIAONE SHIELDS AVENUE
DAVIS,CA95616 		94-6036494 501(C)(3) 122,533       RESEARCH
(57) UNIVERSITY OF CHICAGO5801 S ELLIS AVENUE
CHICAGO,IL60637 		36-2177139 501(C)(3) 69,693       RESEARCH
(58) UNIVERSITY OF DELAWARE222 SOUTH CHAPEL STREET
NEWARK,DE19716 		51-6000297 501(C)(3) 41,410       RESEARCH
(59) UNIVERSITY OF ILLINOIS506 S WRIGHT 209 HAB MC339
URBANA,IL61801 		37-6000511 501(C)(3) 13,049       RESEARCH
(60) UNIVERSITY OF LOUISVILLE501 E BROADWAY MEDCENTER ONE SUITE
200
LOUISVILLE,KY402021798 		61-1029626 501(C)(3) 6,086       RESEARCH
(61) UNIVERSITY OF MARYLAND220 ARCH STREET 13TH FLOOR ROOM
02-128
BALTIMORE,MD21201 		52-6002033 501(C)(3) 46,660       RESEARCH
(62) UNIVERSITY OF MEDICINE AND DENTISTRYPO BOX 3009
NEWARK,NJ071030009 		22-1775306 501(C)(3) 56,654       RESEARCH
(63) UNIVERSITY OF MINNESOTA1300 S 2ND STREET ROOM 288
MINNEAPOLIS,MN55454 		41-6007513 501(C)(3) 58,152       RESEARCH
(64) UNIVERSITY OF PITTSBURGH116 ATWOOD STREET SUITE 201
PITTSBURGH,PA15260 		25-0965591 501(C)(3) 60,168       RESEARCH
(65) UNIVERSITY OF TENNESSEE301 ANDY HOLT TOWER
KNOXVILLE,TN379960100 		62-6001636 501(C)(3) 15,028       RESEARCH
(66) UNIVERSITY OF TEXAS HEALTH CENTER AT TYLER11937 US HIGHWAY 271
TYLER,TX757083154 		75-6001354 501(C)(3) 22,089       RESEARCH
(67) UNIVERSITY OF WASHINGTON3903 BROOKLYN AVENUE NE
SEATTLE,WA981056694 		91-6001537 501(C)(3) 228,462       RESEARCH
(68) WEST TEXAS A & M UNIVERSITYWT BOX 60999
CANYON,TX79016 		75-6031405 501(C)(3) 32,359       RESEARCH
(69) RUTGERS UNIVERSITY120 ALBANY STREET
NEW BRUNSWICK,NJ08901 		23-7318742 501(C)(3) 52,151       RESEARCH
(70) UNIVERSITY OF CONNECTICUT352 MANSFIELD ROAD UNIT 2048
STORRS,CT06269 		06-0772160   5,755       RESEARCH
(71) FOX CHASE CANCER CENTER333 COTTMAN AVENUE
PHILADELPHIA,PA19111 		23-2003072 501(C)(3) 8,745       RESEARCH
(72) URBAN AFFAIRS COALITION1207 CHESTNUT STREET 7TH FLOOR
PHILADELPHIA,PA19107 		23-7046393 501(C)(3) 56,963       RESEARCH
(73) UNIVERSITY OF WISCONSIN SYSTEM601 UNIVERSITY AVE
MADISON,WI53715 		39-6006492   21,555       RESEARCH
(74) UNIVERSITY OF TEXAS601 COLORADO STREET
AUSTIN,TX78701 		74-6000203   14,998       RESEARCH
(75) UNIVERSITY OF NORTH CAROLINA AT GREENSBORO1400 SPRING GARDEN ST
GREENSBORO,NC27412 		56-6001468   83,327       RESEARCH
(76) RICHARD STOCKTON COLLEGE OF NJJIMMIE LEEDS ROAD
POMONA,NJ08240 		22-2832788 501(C)(3) 5,994       RESEARCH
(77) NORTH CAROLINA STATE UNIVERSITYPO BOX 7207
RALEIGH,NC27695 		56-6000756 501(C)(3) 7,018       RESEARCH
(78) COMMUNITY LEGAL SERVICES INC1424 CHESTNUT STREET
PHILADELPHIA,PA19102 		23-1671562   9,849       RESEARCH
(79) DRAKONTAS LLCONE FEDERAL STREET
CAMDEN,NJ08103 		51-0500763   890,800       RESEARCH
(80) ENERGY COORDINATING AGENCY OF PHILADELPHIA1924 ARCH STREET
PHILADELPHIA,PA19103 		22-2602113   45,000       RESEARCH
(81) LUTHERAN HOSPITAL2609 FRANKLIN BLVD
CLEVELAND,OH44113 		34-0714684 501(C)(3) 24,636       RESEARCH
(82) CENTER FOR LABOR MARKET STUDIES (UNDER NORTHEASTERN UNIVERSITY)360 HUNTINGTON AVENUE
BOSTON,MA02115 		04-1679980   10,000       RESEARCH
(83) ECONSULT CORPORATION1435 WALNUT STREET SUITE 300
PHILADELPHIA,PA19102 		23-2121026   50,000       RESEARCH
(84) CME3690 70TH AVE N
PINELLAS PARK,FL33781 		59-3406888   1,382,548       RESEARCH
(85) WESTGATE CONSULTING GROUP INC1955 HIGHWAY 34 BUILDING 1A
WALL,NJ07719 		11-1111111   623,667       RESEARCH
(86) SABRE SYSTEMS INCPO BOX 3417
WARMINSTER,PA18974 		23-2548886   51,190       RESEARCH
(87) SPECIALTY SYSTEMS1451 ROUTE 37 WEST
TOMS RIVER,NJ08755 		22-2247050   2,436,382       RESEARCH
(88) PA MENTAL HEALTH CONSUMERS ASSOCIATION4105 DERRY STREET
HARRISBURG,PA17111 		23-2484283 501(C)(3) 13,381       RESEARCH
(89) MURRAY STATE UNIVERSITY200 SPARKS HALL
MURRAY,KY42071 		61-1005783 501(C)(3) 11,674       RESEARCH
(90) COMMUNITY ACTION DEVELOPMENT113 E MAIN STREET
NORRISTOWN,PA19401 		23-1689892 501(C)(3) 31,381       RESEARCH
(91) UNIVERSITY OF TEXAS HEALTH SCIENCE CENTER HOUSTON7000 FANNIN SUITE 1200
HOUSTON,TX77030 		74-1761309   85,386       RESEARCH
(92) UNIVERSITY OF TEXAS MD ANDERSON CANCER CENTER1515 HOLCOMBE BLVD
HOUSTON,TX77030 		74-6001118   18,519       RESEARCH
(93) VIRIDITY ENERGY1801 MARKET ST SUITE 2701
PHILADELPHIA,PA19103 		26-4124010   511,121       RESEARCH
(94) BIOQUAL INC9600 MEDICAL CENTER DRIVE SUITE 200
200
ROCKVILLE,MD20850 		13-3078199   15,443       RESEARCH
(95) INOVIO PHARMACEUTICALS1787 SENTRY PKY BLDG 18 SUITE 400
BLUE BELL,PA19422 		33-0969592   218,458       RESEARCH
(96) RICE UNIVERSITY6100 MAIN STREET
HOUSTON,TX77005 		74-1109620 501(C)(3) 134,939       RESEARCH
(97) CITY OF PHILADELPHIA
 
  		11-1111111   9,626       RESEARCH
(98) BATTELLE505 KING AVENUE
COLUMBUS,OH43201 		31-4379427 501(C)(3) 18,550       RESEARCH
(99) PATHWAYS PROGRAM310 ALMOSLAND ROAD
HOLMES,PA19043 		23-2001837 501(C)(3) 7,576       RESEARCH
2
Enter total number of section 501(c)(3) and government organizations ......................... Bullet Image
70
3
Enter total number of other organizations ................................ . Bullet Image
29
For Privacy Act and Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50055P
Schedule I (Form 990) 2010

Schedule I (Form 990) 2010
Page 2
Part III
Grants and Other Assistance to Individuals in the United States. Complete if the organization answered "Yes" to Form 990, Part IV, line 22.
Use Schedule I-1 (Form 990) if additional space is needed.
(a)Type of grant or assistance (b)Number of
recipients		 (c)Amount of
cash grant		 (d)Amount of
non-cash assistance		 (e)Method of valuation (book,
FMV, appraisal, other)		 (f)Description of non-cash assistance
(1) SCHOLARSHIPS AND AWARDS 11756 138,065,226      













Part IV
Supplemental Information. Complete this part to provide the information required in Part I, line 2, and any other additional information.
Identifier Return Reference Explanation
PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: 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.
Schedule I (Form 990) 2010


Additional Data


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Schedule J
(Form 990)
Department of the Treasury
Internal Revenue Service
Compensation Information
For certain Officers, Directors, Trustees, Key Employees, and Highest
Compensated Employees
SchJMediumBullet Complete if the organization answered "Yes" to Form 990,
Part IV, question 23.
SchJMediumBullet Attach to Form 990. SchJMediumBullet See separate instructions.
OMB No. 1545-0047
2010
Open to Public Inspection
Name of the organization
DREXEL UNIVERSITY
 
Employer identification number

23-1352630
Part I
Questions Regarding Compensation
Yes
No
1a
Check the appropiate box(es) if the organization provided any of the following to or for a person listed in Form
990, Part VII, Section A, line 1a. Complete Part III to provide any relevant information regarding these items.
b
If any of the boxes in line 1a are checked, did the organization follow a written policy regarding payment or reimbursement orprovision of all the expenses described above? If "No," complete Part III to explain....
1b
 
No
2
Did the organization require substantiation prior to reimbursing or allowing expenses incurred by all
officers, directors, trustees, and the CEO/Executive Director, regarding the items checked in line 1a? ....
2
Yes
 
3
Indicate which, if any, of the following the organization uses to establish the compensation of the
organization's CEO/Executive Director. Check all that apply.
4
During the year, did any person listed in Form 990, Part VII, Section A, line 1a with respect to the filing organization or a related organization:
a
Receive a severance payment or change-of-control payment? ...............
4a
Yes
 
b
Participate in, or receive payment from, a supplemental nonqualified retirement plan? ........
4b
Yes
 
c
Participate in, or receive payment from, an equity-based compensation arrangement? ........
4c
 
No
If "Yes" to any of lines 4a-c, list the persons and provide the applicable amounts for each item in Part III.
Only 501(c)(3) and 501(c)(4) organizations only must complete lines 5-9.
5
For persons listed in form 990, Part VII, Section A, line 1a, did the organization pay or accrue any
compensation contingent on the revenues of:
a
The organization? ...........................
5a
 
No
b
Any related organization? .........................
5b
 
No
If "Yes," to line 5a or 5b, describe in Part III.
6
For persons listed in form 990, Part VII, Section A, line 1a, did the organization pay or accrue any
compensation contingent on the net earnings of:
a
The organization? ...........................
6a
 
No
b
Any related organization? .........................
6b
 
No
If "Yes," to line 6a or 6b, describe in Part III.
7
For persons listed in Form 990, Part VII, Section A, line 1a, did the organization provide any non-fixed
payments not described in lines 5 and 6? If "Yes," describe in Part III ............
7
 
No
8
Were any amounts reported in Form 990, Part VII, paid or accured pursuant to a contract that was
subject to the initial contract exception described in Regs. section 53.4958-4(a)(3)? If "Yes," describe
in Part III .............................
8
 
No
9
If "Yes" to line 8, did the organization also follow the rebuttable presumption procedure described in Regulations section 53.4958-6(c)? .........................
9
 
 
For Privacy Act and Paperwork Reduction Act Notice, see the Intructions for Form 990
Cat. No. 50053T
Schedule J (Form 990) 2010

Schedule J (Form 990) 2010
Page 2
Part II
Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees. Use Schedule J-1 if additional space needed.
For each individual whose compensation must be reported in Schedule J, report compensation from the organization on row (i) and from related organizations, described in the
instructions on row (ii). Do not list any individuals that are not listed on Form 990, Part VII.

Note. The sum of columns (B)(i)-(iii) must equal the applicable column (D) or column (E) amounts on Form 990, Part VII, line 1a.
(A) Name (B) Breakdown of W-2 and/or 1099-MISC compensation (C) Retirement and other deferred compensation (D) Nontaxable
benefits		 (E) Total of columns
(B)(i)-(D) 		(F) Compensation
reported in prior
Form 990 or
Form 990-EZ
(i) Base compensation (ii) Bonus & incentive compensation (iii) Other reportable compensation
(1) JOHN A FRY - 8110-63011 (i)
(ii)		 269,955
0 		0
0 		0
0 		17,188
0 		5,371
0 		292,514
0 		0
0
(2) THOMAS J ELZEY - 7110-113010 (i)
(ii)		 420,709
0 		45,000
0 		321,384
0 		26,950
0 		12,730
0 		826,773
0 		0
0
(3) MICHAEL J EXLER ESQ (i)
(ii)		 243,695
0 		0
0 		0
0 		22,050
0 		13,142
0 		278,887
0 		0
0
(4) ERIC J OLSON - 12110-51711 (i)
(ii)		 184,704
0 		0
0 		0
0 		17,143
0 		12,968
0 		214,815
0 		0
0
(5) MARK GREENBERG (i)
(ii)		 429,520
0 		0
0 		0
0 		26,950
0 		13,183
0 		469,653
0 		0
0
(6) CARL OXHOLM III ESQ (i)
(ii)		 392,187
0 		25,000
0 		5,377
0 		26,950
0 		10,794
0 		460,308
0 		0
0
(7) ELIZABETH DALE (i)
(ii)		 336,903
0 		40,000
0 		0
0 		26,950
0 		7,008
0 		410,861
0 		0
0
(8) JAMES TUCKER (i)
(ii)		 315,922
0 		65,000
0 		0
0 		26,950
0 		570
0 		408,442
0 		0
0
(9) JOAN MCDONALD (i)
(ii)		 267,430
0 		50,000
0 		0
0 		26,950
0 		570
0 		344,950
0 		0
0
(10) SELCUK GUCERI PHD (i)
(ii)		 318,969
0 		0
0 		0
0 		26,950
0 		10,461
0 		356,380
0 		0
0
(11) DONNA MURASKO PHD (i)
(ii)		 310,911
0 		0
0 		0
0 		26,950
0 		7,747
0 		345,608
0 		0
0
(12) JOHN A BIELEC PHD (i)
(ii)		 286,478
0 		37,000
0 		17,234
0 		26,950
0 		1,067
0 		368,729
0 		0
0
(13) RALPH WALKLING PHD (i)
(ii)		 370,152
0 		0
0 		0
0 		26,950
0 		11,369
0 		408,471
0 		0
0
(14) GEORGE TSETSEKOS PHD (i)
(ii)		 374,643
0 		0
0 		0
0 		26,950
0 		13,183
0 		414,776
0 		0
0
(15) ROGER DENNIS ESQ (i)
(ii)		 339,541
0 		0
0 		0
0 		26,950
0 		570
0 		367,061
0 		0
0
(16) JAMES FLINT JR (i)
(ii)		 347,993
0 		0
0 		0
0 		22,050
0 		13,183
0 		383,226
0 		0
0
(17) PETER FRISKO (i)
(ii)		 211,714
0 		0
0 		0
0 		19,392
0 		6,528
0 		237,634
0 		0
0
Schedule J (Form 990) 2010

Schedule J (Form 990) 2010
Page 3
Part III
Supplemental Information
Complete this part to provide the information, explanation, or descriptions required for Part I, lines 1a, 1b, 4c, 5a, 5b, 6a, 6b, 7, and 8. Also complete this part for any additional information.
Identifier Return Reference Explanation
  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 PRESIDENT IS PROVIDED HOUSING AS A CONDITION OF EMPLOYMENT AND FOR THE CONVENIENCE OF THE UNIVERSITY. PERSONAL SERVICES FOR MAID/CLEANING SERVICES ARE PROVIDED FOR THE HOUSE AS UNIVERSITY RELATED EVENTS AND ACTIVITIES ARE HELD AT THE RESIDENCE. THE PRESIDENT IS ALSO PROVIDED A DRIVER TO ATTEND UNIVERSITY RELATED EVENTS. THE PRESIDENT RECEIVES SOCIAL CLUB MEMBERSHIPS FOR BUSINESS-RELATED ACTIVITIES. THE TREASURER, MR. ELZEY, 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 SENIOR VICE PRESIDENTS AND DEANS WHICH ARE TREATED AS NON-TAXABLE COMPENSATION.
  PART I, LINE 1B TAX INDEMINIFICATION WAS APPROVED BY THE PRESIDENT FOR THE TREASURER. HOUSING ALLOWANCES AND SOCIAL CLUB MEMBERSHIPS WERE APPROVED BY THE PRESIDENT OR PROVOST.
  PART I, LINES 4A-B  
Schedule J (Form 990) 2010

Additional Data


Software ID:  
Software Version:  
Schedule K
(Form 990)
Department of the Treasury
Internal Revenue Service
Supplemental Information on Tax Exempt Bonds
SchKMediumBullet Complete if the organization answered "Yes" to Form 990, Part IV, line 24a. Provide descriptions,
explanations, and any additional information in Schedule O (Form 990).
SchKMediumBullet Attach to Form 990. SchKMediumBullet See separate instructions.
OMB No. 1545-0047
2010
Open to Public
Inspection
Name of the organization
DREXEL UNIVERSITY
 
Employer identification number
23-1352630
Part I
Bond Issues
(a) Issuer Name (b) Issuer EIN (c) CUSIP # (d) Date Issued (e) Issue Price (f) Description of Purpose (g) Defeased (h) On
Behalf of
Issuer 		(i) Pool
financing
Yes No Yes No Yes No
A PENNSYLVANIA HIGHER EDUCATIONAL FACILITIES AUTHORITY 2011A
  		23-2243852 70917RX75 05-16-2011 160,304,025 NEW CONSTR/BLDG RENOV/REFUNDING OF 1997, 1998, 1998-2, 2003B   X   X   X
B PENNSYLVANIA HIGHER EDUCATIONAL FACILITIES AUTHORITY 2007B
  		23-2243852 70917RNP6 10-04-2007 30,000,000 SCIENCE BLDG/DORMITORY/WELLNESS CENTER   X   X   X
C PENNSYLVANIA HIGHER EDUCATIONAL FACILITIES AUTHORITY 2007A
  		23-2243852 70917RMJ1 10-04-2007 96,463,410 SCIENCE BLDG/DORMITORY/WELLNESS CENTER   X   X   X
D PENNSYLVANIA HIGHER EDUCATIONAL FACILITIES AUTHORITY 2005A&B
  		23-2243852 70917N3B8 02-16-2005 61,312,145 CAPITAL IMPROVEMENTS/EQUIPMENT/ADV REFUNDING OF 1997/1999 BONDS   X   X   X
Part II
Proceeds
A B C D
1 Amount of bonds retired. . . . . 1,110,000 1,110,000   1,345,000
2 Amount of bonds defeased . . . .        
3 Total proceeds of issue . . . . 160,304,480 30,572,813 98,251,163 63,310,555
4 Gross proceeds in reserve funds . .        
5 Capitalized interest from proceeds. 2,700,000 2,700,000 9,022,947  
6 Proceeds in refunding escrow. . . . .        
7 Issuance costs from proceeds . . . 1,386,270 285,425 835,415 833,218
8 Credit enhancement from proceeds. 11,508 11,508 1,529,000 879,260
9 Working capital expenditures from proceeds . .        
10 Capital expenditures from proceeds . . 10,000,000 27,483,553 86,701,839 28,907,790
11 Other spent proceeds . . 59,095,696     34,167,910
12 Other unspent proceeds. . . 89,822,514     3,090,620
13 Year of substantial completion . . .
Yes No Yes No Yes No Yes No
14 Were the bonds issued as part of a current refunding issue? X     X X   X  
15 Were the bonds issued as part of an advance refunding issue?   X   X   X X  
16 Has the final allocation of proceeds been made? . .   X   X   X X  
17 Does the organization maintain adequate books and records to support the final allocation of proceeds? . X   X   X   X  
Part III
Private Business Use
A B C D
Yes No Yes No Yes No Yes No
1 Was the organization a partner in a partnership, or a member of an LLC, which owned property financed by tax-exempt bonds? . . .   X   X   X   X
2 Are there any lease arrangements that may result in private business use of bond-financed property? . . . . . X     X   X X  
For Privacy Act and Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50193E
Schedule K (Form 990) 2010
Schedule K (Form 990) 2010
Page 2
Part III
Private Business Use (Continued)
A B C D
Yes No Yes No Yes No Yes No
3a Are there any management or service contracts that may result in private business use? X     X   X X  
b Are there any research agreements that may result in private business use of bond-financed property? . .   X   X   X   X
c Does the organization routinely engage bond counsel or other outside counsel to review any management or service contracts or research agreements relating to the financed property? . X   X   X   X  
4 Enter the percentage of financed property used in a private business use by entities other than a section 501(c)(3) organization or a state or local government . . . . . . . . . . . . . SchKMediumBullet 0.100 % 0 % 0 % 1.600 %
5 Enter the percentage of financed property used in a private business use as a result of unrelated trade or business activity carried on by your organization, another section 501(c)(3) organization, or a state or local government . SchKMediumBullet 0.080 % 0 % 0 % 1.120 %
6 Total of lines 4 and 5 . . .. . . . . . 0.180 % 0 % 0 % 2.720 %
7 Has the organization adopted management practices and procedures to ensure the post-issuance compliance of its tax-exempt bond liabilities? X   X   X   X  
Part IV
Arbitrage
A B C D
Yes No Yes No Yes No Yes No
1 Has a Form 8038-T, Arbitrage Rebate, Yield Reduction and Penalty in Lieu of Arbitrage Rebate, been filed with respect to the bond issue? . . .   X   X   X X  
2 Is the bond issue a variable rate issue?   X X     X X  
3a Has the organization or the governmental issuer entered into a hedge with respect to the bond issue?   X   X   X X  
b Name of provider . WELLS FARGO BANK
  		 
  		 
  		 
 
c Term of hedge . . 19.800000000000     19.800000000000
d Was the hedge superintegrated? .   X           X
e Was a hedge terminated? .   X           X
4a Were gross proceeds invested in a GIC? .   X   X   X X  
b Name of provider . ROYAL BANK OF
CANADA 		 
  		 
  		ROYAL BANK OF
CANADA
c Term of GIC . . 2.500000000000     2.500000000000
d Was the regulatory safe harbor for establishing the fair market value of the GIC satisfied? . X           X  
5 Were any gross proceeds invested beyond an available temporary period? .   X   X   X X  
6 Did the bond issue qualify for an exception to rebate? . . .   X   X   X   X
Schedule K (Form 990) 2010

Schedule K (Form 990) 2010
Page 3
Part V
Supplemental Information
Complete this part to provide additional information for responses to questions on Schedule K (see instructions).
Identifier Return Reference Explanation
SCHEDULE K SUPPLENTAL INFORMATION   PART I, LINE A, COL F: CURRENT REFUND OF BONDS ISSUED 5/6/97, 2/4/98, 4/16/98, & 12/11/03. PART I, LINE D, COL F: ADV REFUND OF BONDS ISSUED 5/6/97 & 10/5/99. PART II, LINE 3: INCLUDES INVESTMENT INCOME. PART II, LINE 11, COL A: REFUND OF REMAINING 1997, 1998, 1998-2, & 2003B BONDS. PART II, LINE 11, COL D: ADV REFUND OF PARTIAL 1997 AND 1999 BONDS. ALL ESCROWED PROCEEDS SPENT 5/1/09. PART II, LINE 16, COL B & C: BOND PROCEEDS SPENT BUT PROJECT NO COMPLETE. PART II, LINE 16, COL D: BASED UPON COMPLETED PROJECTS.
Schedule K (Form 990) 2010

Additional Data


Software ID:  
Software Version:  

Schedule L
(Form 990 or 990-EZ)
Department of the Treasury
Internal Revenue Service
Transactions with Interested Persons
MediumBullet Complete if the organization answered
"Yes" on Form 990, Part IV, lines 25a, 25b, 26, 27, 28a, 28b, or 28c,
or Form 990-EZ, Part V lines 38a or 40b.
MediumBullet Attach to Form 990 or Form 990-EZ. MediumBulletSee separate instructions.
OMB No. 1545-0047
2010
Open to Public Inspection
Name of the organization
DREXEL UNIVERSITY
 
Employer identification number

23-1352630
Part I
Excess Benefit Transactions (section 501(c)(3) and section 501 (c)(4) organizations only).
Complete if the organization answered "Yes" on Form 990, Part IV, line 25a or 25b, or Form 990-EZ, Part V, line 40b.
1(a) Name of disqualified person (b) Description of transaction (c) Corrected?
Yes No





2
Enter the amount of tax imposed on the organization managers or disqualified persons during the year under section 4958. ......................... Bullet Image$
 
3
Enter the amount of tax, if any, on line 2, above, reimbursed by the organization ....... Bullet Image$
 

Part II
Loans to and/or From Interested Persons.
Complete if the organization answered "Yes" on Form 990, Part IV, line 26, or Form 990-EZ, Part V, line 38a.
(a) Name of interested person and purpose (b) Loan to or from the organization? (c)Original principal amount (d)Balance due (e) In default? (f) Approved by board or committee? (g)Written agreement?
To From Yes No Yes No Yes No
Total ...............Small Bullet $  
Part III
Grants or Assistance Benefitting Interested Persons.
Complete if the organization answered "Yes" on Form 990, Part IV, line 27.
(a) Name of interested person (b)Relationship between interested person and the organization (c)Amount of grant or type of assistance
(1) NOT REQUIRED TO IDENTIFY NOT REQUIRED TO IDENTIFY 4,000
For Privacy Act and Paperwork Reduction Act Notice, see the
Instructions for Form 990 or 990-EZ.
Cat. No. 50056A
Schedule L (Form 990 or 990-EZ) 2010
Schedule L (Form 990 or 990-EZ) 2010
Page 2
Part IV
Business Transactions Involving Interested Persons.
Complete if the organization answered "Yes" on Form 990, Part IV, line 28a, 28b, or 28c.
(a) Name of interested person (b) Relationship between interested person and the organization (c) Amount of transaction (d) Description of transaction (e) Sharing of organization's revenues?
Yes No
(1) PECO ENERGY COMPANY
  		TRUSTEE 5,262,228 ELECTRICITY   No
(2) PENNONI ASSOCIATES INC
  		TRUSTEE/INTERIM PRESIDENT 157,980 ENGINEERING SERVICES   No
(3) GEOFFREY A OXHOLM FAMILY MEMBER OF KEY EMPLOYEE 27,045 COMPENSATION   No
(4) DR MIMI B SHELLER FAMILY MEMBER OF TRUSTEE 105,599 COMPENSATION   No
(5) VICTOR TRINGALI FAMILY MEMBER OF TRUSTEE 92,733 COMPENSATION   No
(6) WELLS FARGO
  		TRUSTEE 548,989 FEES   No
Part V
Supplemental Information
Complete this part to provide additional information for responses to questions on Schedule L (see instructions).
Identifier Return Reference Explanation
Schedule L (Form 990 or 990-EZ) 2010

Additional Data


Software ID:  
Software Version:  




SCHEDULE M
(Form 990)

Department of the Treasury
Internal Revenue Service
NonCash Contributions
Right pointing arrow large imageComplete if the organization answered "Yes" on Form 990, Part IV, lines 29 or 30.
Right pointing arrow large image Attach to Form 990.
OMB No. 1545-0047
2010
Open to Public Inspection
Name of the organization
DREXEL UNIVERSITY
 
Employer identification number

23-1352630
Part I
Types of Property
(a)
Check if applicable 		(b)
Number of Contributions or items contributed 		(c)
Contribution amounts reported on
Form 990, Part VIII, line 1g 		(d)
Method of determining
contribution amounts
1 Art—Works of art .... X 2 155,745 FAIR MARKET VALUE
2 Art—Historical treasures .        
3 Art—Fractional interests ..        
4 Books and publications ..      
5 Clothing and household
goods ....... 		     
6 Cars and other vehicles ..        
7 Boats and planes ....        
8 Intellectual property ...        
9 Securities—Publicly traded . X 34 2,209,215 FAIR MARKET VALUE
10 Securities—Closely held stock .        
11 Securities—Partnership, LLC,
or trust interests .... 		       
12 Securities—Miscellaneous ..        
13 Qualified conservation
contribution—Historic
structures ..... 		       
14 Qualified conservation
contribution—Other ... 		       
15 Real estate—Residential .        
16 Real estate—Commercial ..        
17 Real estate—Other ...        
18 Collectibles .....        
19 Food inventory ...        
20 Drugs and medical supplies .        
21 Taxidermy ......        
22 Historical artifacts ....        
23 Scientific specimens ..        
24 Archeological artifacts ...        
25 Other Right pointing arrow large image ( EQUIPMENT ) X 1 268,750 FAIR MARKET VALUE
26 Other Right pointing arrow large image ( COMPUTER SOFTWARE ) X 1 492,000 FAIR MARKET VALUE
27 Other Right pointing arrow large image ( EQUIPMENT ) X 1 1,280,627 FAIR MARKET VALUE
28 Other Right pointing arrow large image ( )
29
Number of Forms 8283 received by the organization during the tax year for contributions
for which the organization completed Form 8283, Part IV, Donee Acknowledgement ...
29
5
Yes
No
30a
During the year, did the organization receive by contribution any property reported in Part I, lines 1-28 that it
must hold for at least three years from the date of the initial contribution, and which is not required to be used
for exempt purposes for the entire holding period? ..................
30a
 
No
b
If "Yes," describe the arrangement in Part II.
31
Does the organization have a gift acceptance policy that requires the review of any non-standard contributions?
31
Yes
 
32a
Does the organization hire or use third parties or related organizations to solicit, process, or sell non-cash
contributions? ............................
32a
 
No
b
If "Yes," describe in Part II.
33
If the organization did not report revenues in column (c) for a type of property for which column (a) is checked,
describe in Part II.
For Privacy Act and Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 51227J
Schedule M (Form 990) 2010
Schedule M (Form 990) 2010
Page 2
Part II
Supplemental Information. Complete this part to provide the information required by Part I, lines 30b,
32b, and 33. Also complete this part for any additional information.
Identifier Return Reference Explanation
Schedule M (Form 990) 2010
Additional Data


Software ID:  
Software Version:  
SCHEDULE O
(Form 990 or 990-EZ)

Department of the Treasury
Internal Revenue Service
Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or to provide any additional information.
MediumBullet Attach to Form 990 or 990-EZ.
OMB No. 1545-0047
2010
Open to Public
Inspection
Name of the organization
DREXEL UNIVERSITY
 
Employer identification number

23-1352630
Identifier Return Reference Explanation
  FORM 990, PART V, LINES 7G & 7H: NOT APPLICABLE
FORM 990, PART VI, SECTION B, LINE 11   FORM 990 IS PREPARED BY THE TAX 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 PREPARES AN EXECUTIVE COMPENSATION ANALYSIS ANNUALLY 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-COMPENSATED 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 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, 2011. 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.
CONTACT ADDRESSES FOR OFFICERS, DIRECTORS, ETC FORM 990, PART VII THOMAS J. ELZEY - 7/1/10-11/30/10 - 5036 CAMBURN ROAD, PLYMOUTH MEETING, PA 19462. CARL OXHOLM III, ESQ. - 330 BICKLEY ROAD, GLENSIDE, PA 19038. SELCUK GUCERI, PH.D. - 128 OAKMONT DRIVE, MOORESTOWN, NJ 08057.
CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 34,132,497. INVESTMENT IN SUBSIDIARY - API 26,475,000. TOTAL TO FORM 990, PART XI, LINE 5: 60,607,497.
OVERSIGHT OF THE AUDIT 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.
For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.
Cat. No. 51056K
Schedule O (Form 990 or 990-EZ) 2010

Additional Data


Software ID:  
Software Version:  
SCHEDULE R
(Form 990)
Department of the Treasury
Internal Revenue Service
Related Organizations and Unrelated Partnerships
MediumBulletComplete if the organization answered "Yes" to Form 990, Part IV, line 33, 34, 35, 36, or 37.
MediumBulletAttach to Form 990. MediumBullet See separate instructions.

OMB No. 1545-0047
2010
Open to Public Inspection
Name of the organization
DREXEL UNIVERSITY
 
Employer identification number

23-1352630
Part I
Identification of Disregarded Entities (Complete if the organization answered "Yes" on Form 990, Part IV, line 33.)
(a)
Name, address, and EIN of disregarded entity


(b)
Primary activity


 		(c)
Legal domicile (state
or foreign country)

 		(d)
Total income
(e)
End-of-year assets


 		(f)
Direct controlling
entity

















Part II
Identification of Related Tax-Exempt Organizations (Complete if the organization answered "Yes" on Form 990, Part IV, line 34 because it had one or more related tax-exempt organizations during the tax year.)
(a)
Name, address, and EIN of related organization


(b)
Primary activity


 		(c)
Legal domicile (state
or foreign country)

 		(d)
Exempt Code section
(e)
Public charity status
(if section 501(c)(3))

 		(f)
Direct controlling
entity

 		(g)
Section 512(b)(13) controlled organization
Yes No
(1) PHILADELPHIA HEALTH & EDUCATION CORP DBA DREXEL UNIV COLLEGE OF MEDICINE

245 N 15TH ST

PHILADELPHIA,PA19102
23-2979433 		EDUCATION, PATIENT CARE AND MEDICAL RESEARCH PA SECTION 501(C)(3) LN 2 - SCHOOL N/A
Yes
 
(2) ACADEMIC ASSETS INC

3601 POWELTON AVE LL

PHILADELPHIA,PA19104
23-2455915 		HOLDING COMPANY PA SECTION 501(C)(3) LN 11C - TYPE III-FI N/A
Yes
 
(3) ACADEMIC PROPERTIES INC

3601 POWELTON AVE LL

PHILADELPHIA,PA19104
23-2411680 		STUDENT HOUSING PA SECTION 501(C)(3) LN 11C - TYPE III-FI ACADEMIC ASSETS INC
 
Yes
 








For Privacy Act and Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50135Y
Schedule R (Form 990) 2010
Schedule R (Form 990) 2010
Page 2
Part III
Identification of Related Organizations Taxable as a Partnership (Complete if the organization answered "Yes" on Form 990, Part IV, line 34 because it had one or more related organizations treated as a partnership during the tax year.)
(a)
Name, address, and EIN of
related organization



 		(b)
Primary activity




 		(c)
Legal
domicile
(state or foreign
country)


 		(d)
Direct controlling
entity



 		(e)
Predominant income(related, unrelated, excluded from tax under sections 512-514)

(f)
Share of total income




 		(g)
Share of end-of-year
assets



 		(h)
Disproprtionate allocations?




 		(i)
Code V—UBI
amount in box 20 of
Schedule K-1
(Form 1065)
 		(j)
General or
managing
partner?



 		(k)
Percentage
ownership
Yes No Yes No












Part IV
Identification of Related Organizations Taxable as a Corporation or Trust (Complete if the organization answered "Yes" on Form 990, Part IV, line 34 because it had one or more related organizations treated as a corporation or trust during the tax year.)
(a)
Name, address, and EIN of related organization



 		(b)
Primary activity



 		(c)
Legal domicile
(state or
foreign
country)
 		(d)
Direct controlling
entity


 		(e)
Type of entity
(C corp, S corp,
or trust)

 		(f)
Share of total income



 		(g)
Share of
end-of-year
assets

 		(h)
Percentage
ownership
(1) DREXEL E-LEARNING INC
3001 MARKET ST SUITE 300
PHILADELPHIA,PA19104
23-3068200 		DISTANCE LEARNING AND ONLINE COURSES PA N/A
 C     100.000 %
(2) JANUS HOUSING CORP
3601 POWELTON AVE LL
PHILADELPHIA,PA19104
04-3721325 		INACTIVE PA ACADEMIC PROPERTIES INC
  		C     100.000 %
(3) SCHUYLKILL CROSSING LTD
76 ST PAUL ST SUITE 500
BURLINGTON,VT05401
74-3090959 		LIABILITY INSURANCE VT PHILADELPHIA HEALTH & EDUCATION CORP
  		C 175,950 4,900,650 15.000 %








Schedule R (Form 990) 2010
Schedule R (Form 990) 2010
Page 3
Part V
Transactions With Related Organizations (Complete if the organization answered "Yes" on Form 990, Part IV, line 34, 35, 35A, or 36.)
Note. Complete line 1 if any entity is listed in Parts II, III or IV.
Yes
No
1 During the tax year, did the orgranization engage in any of the following transactions with one or more related organizations listed in Parts II-IV?
a Receipt of (i) interest (ii) annuities (iii) royalties (iv) rent from a controlled entity . . . . . . . . . . . . . . . . . . . . . . .
1a
Yes
 
b Gift, grant, or capital contribution to other organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1b
Yes
 
c Gift, grant, or capital contribution from other organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1c
 
No
d Loans or loan guarantees to or for other organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1d
 
No
e Loans or loan guarantees by other organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1e
 
No
f Sale of assets to other organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1f
 
No
g Purchase of assets from other organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1g
 
No
h Exchange of assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1h
 
No
i Lease of facilities, equipment, or other assets to other organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1i
 
No
j Lease of facilities, equipment, or other assets from other organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . .
1j
Yes
 
k Performance of services or membership or fundraising solicitations for other organization(s) . . . . . . . . . . . . . . . . . . . . . .
1k
Yes
 
l Performance of services or membership or fundraising solicitations by other organization(s) . . . . . . . . . . . . . . . . . . . . . .
1l
Yes
 
m Sharing of facilities, equipment, mailing lists, or other assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1m
 
No
n Sharing of paid employees . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1n
 
No
o Reimbursement paid to other organization for expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1o
Yes
 
p Reimbursement paid by other organization for expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1p
 
No
q Other transfer of cash or property to other organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1q
Yes
 
r Other transfer of cash or property from other organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1r
Yes
 
2
If the answer to any of the above is "Yes," see the instructions for information on who must complete this line, including covered relationships and transaction thresholds.
(a)
Name of other organization 		(b)
Transaction
type(a-r) 		(c)
Amount involved 		(d)
Method of determining amount involved
(1) PHILADELPHIA HEALTH & EDUCATION CORP

 J 3,077,000 BOOK AMOUNT
(2) ACADEMIC PROPERTIES INC

 J 1,990,000 BOOK AMOUNT
(3) SCHUYLKILL CROSSING RECIPROCAL RISK RETENTION GROUP

 O 1,076,000 BOOK AMOUNT
(4) SCHUYLKILL CROSSING RECIPROCAL RISK RETENTION GROUP

 R 1,142,000 BOOK AMOUNT
(5) ACADEMIC PROPERTIES INC

 A 32,000 BOOK AMOUNT
(6) PHILADELPHIA HEALTH & EDUCATION CORP

 K 12,435,000 BOOK AMOUNT
(7) PHILADELPHIA HEALTH & EDUCATION CORP

 L 3,688,000 BOOK AMOUNT
(8) ACADEMIC PROPERTIES INC

 L 142,000 BOOK AMOUNT
(9) PHILADELPHIA HEALTH & EDUCATION CORP

 O 10,228,000 BOOK AMOUNT
(10) SCHUYLKILL CROSSING RECIPROCAL RISK RETENTION GROUP

 B 0 BOOK AMOUNT
(11) PHILADELPHIA HEALTH & EDUCATION CORP

 R 1,612,000 BOOK AMOUNT
(12) PHILADELPHIA HEALTH & EDUCATION CORP

 Q 55,063,000 BOOK AMOUNT
(13) DREXEL E-LEARNING INC

 Q 17,915,000 BOOK AMOUNT
(14) PHILADELPHIA HEALTH & EDUCATION CORP

 B 12,435,000 BOOK AMOUNT
(15) ACADEMIC PROPERTIES INC

 R 375,000 BOOK AMOUNT
Schedule R (Form 990) 2010
Schedule R (Form 990) 2010
Page 4
Part VI
Unrelated Organizations Taxable as a Partnership (Complete if the organization answered "Yes" on Form 990, Part IV, line 37.)
Provide the following information for each entity taxed as a partnership through which the organization conducted more than five percent of its activities (measured by total assets or gross revenue) that was not a related organization. See instructions regarding exclusion for certain investment partnerships.
(a)
Name, address, and EIN of entity 		(b)
Primary activity 		(c)
Legal domicile
(state or foreign
country) 		(d)
Are all
partners
section
501(c)(3)
organizations? 		(e)
Share of
end-of-year
assets 		(f)
Disproprtionate allocations? 		(g)
Code V—UBI
amount in box
20 of Schedule K-1
(Form 1065) 		(h)
General or
managing
partner?
Yes No Yes No Yes No






























Schedule R (Form 990) 2010
Schedule R (Form 990) 2010
Page 5
Part VII
Supplemental Information
Complete this part to provide additional information for responses to questions on Schedule R (see instructions).
Identifier Return Reference Explanation
Additional Data


Software ID:  
Software Version: