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 private
foundations)
MediumBullet Do not enter social security numbers on this form as it may be made public.
MediumBullet Information about Form 990 and its instructions is at www.IRS.gov/form990.
OMB No. 1545-0047
2014
Open to Public Inspection
A For the 2014 calendar year, or tax year beginning 07-01-2014 , and ending 06-30-2015
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 province, country, and ZIP or foreign postal code
PHILADELPHIA, PA191042875
D Employer identification number

23-1352630
E Telephone number

G Gross receipts $ 1,817,290,476
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
subordinates?
H(b)
Are all subordinates
included?
If "No," attach a list. (see instructions)
H(c)
Group exemption number MediumBullet  
K Form of organization:
 
L Year of formation: 1894
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 54
4 Number of independent voting members of the governing body (Part VI, line 1b) ..... 4 43
5 Total number of individuals employed in calendar year 2014 (Part V, line 2a) ...... 5 12,902
6 Total number of volunteers (estimate if necessary) ............. 6 2,007
7a Total unrelated business revenue from Part VIII, column (C), line 12 ........ 7a 5,969,957
b Net unrelated business taxable income from Form 990-T, line 34 ......... 7b 2,311,843
Revenues Prior Year Current Year
8 Contributions and grants (Part VIII, line 1h) ......... 114,184,550 167,363,697
9 Program service revenue (Part VIII, line 2g) ......... 803,242,706 1,050,285,256
10 Investment income (Part VIII, column (A), lines 3, 4, and 7d ) .... 75,991,061 28,667,487
11 Other revenue (Part VIII, column (A), lines 5, 6d, 8c, 9c, 10c, and 11e) 12,842,342 24,520,026
12 Total revenue—add lines 8 through 11 (must equal Part VIII, column (A), line 12)................... 1,006,260,659 1,270,836,466
Expenses; 13 Grants and similar amounts paid (Part IX, column (A), lines 1–3 )... 244,811,659 285,457,513
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) 412,967,814 604,125,531
16a Professional fundraising fees (Part IX, column (A), line 11e)..... 148,057 187,686
b Total fundraising expenses (Part IX, column (D), line 25) MediumBullet14,779,011    
17 Other expenses (Part IX, column (A), lines 11a–11d, 11f–24e).... 273,390,438 309,535,474
18 Total expenses. Add lines 13–17 (must equal Part IX, column (A), line 25) 931,317,968 1,199,306,204
19 Revenue less expenses. Subtract line 18 from line 12....... 74,942,691 71,530,262
Net Assets or Fund Balances; Beginning of Current Year End of Year
20 Total assets (Part X, line 16)............. 1,533,325,554 1,943,620,563
21 Total liabilities (Part X, line 26)............. 728,415,365 827,926,902
22 Net assets or fund balances. Subtract line 21 from line 20..... 804,910,189 1,115,693,661
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 Use Only
Print/Type preparer's name
Preparer's signature
Date
PTIN
Firm's name MediumBullet
Firm's EIN MediumBullet
Firm's address MediumBullet



Phone no.
May the IRS discuss this return with the preparer shown above? (see instructions) ..........
For Paperwork Reduction Act Notice, see the separate instructions.
Cat. No. 11282Y Form 990 (2014)
Form 990 (2014)
Page 2
Part III
Statement of Program Service Accomplishments
Check if Schedule O contains a response or note to any line 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 GREATEST PROBLEMS. DREXEL IS AN ACADEMICALLY COMPREHENSIVE AND 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 organization’s program service accomplishments for each of its three largest program services, as measured by expenses. Section 501(c)(3) and 501(c)(4) organizations 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 $ 789,780,614 including grants of $ 273,092,437 ) (Revenue $ 947,728,440 )
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. THE UNIVERSITY'S MISSION SERVES TRADITIONAL, ADULT AND ONLINE STUDENTS. 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 ORGANIZED IN 16 COLLEGES AND SCHOOLS: COLLEGE OF ARTS AND SCIENCES; SCHOOL OF BIOMEDICAL ENGINEERING, SCIENCE AND HEALTH SYSTEMS; BENNETT S. LEBOW COLLEGE OF BUSINESS; COLLEGE OF COMPUTING & INFORMATICS; SCHOOL OF EDUCATION; COLLEGE OF ENGINEERING; CHARLES D. CLOSE SCHOOL OF ENTREPRENEURSHIP; GRADUATE COLLEGE; PENNONI HONORS COLLEGE; CENTER FOR HOSPITALITY AND SPORT MANAGEMENT; THOMAS R. KLINE SCHOOL OF LAW; ANTOINETTE WESTPHAL COLLEGE OF MEDIA ARTS & DESIGN; COLLEGE OF MEDICINE; COLLEGE OF NURSING AND HEALTH PROFESSIONS; RICHARD C. GOODWIN COLLEGE OF PROFESSIONAL STUDIES AND DANA AND DAVID DORNSIFE SCHOOL OF PUBLIC HEALTH. A STRATEGIC PLAN THROUGH 2019, "TRANSFORMING THE MODERN URBAN UNIVERSITY," GUIDES DREXEL'S EFFORTS TO INVEST FURTHER IN ACADEMIC EXCELLENCE, SERVE MORE STUDENTS WHILE IMPROVING THE STUDENT EXPERIENCE AND ENHANCE THE UNIVERSITY'S GLOBAL IMPACT. THE PLAN PAYS SPECIAL ATTENTION TO ENSURING THAT DREXEL'S ACADEMIC ENTERPRISE HELPS STRENGTHEN THE NEIGHBORHOODS AROUND ITS CAMPUSES. DREXEL IS THE LEAD ACADEMIC PARTNER IN THE APPLICATION AND IMPLEMENTATION PROCESS FOR THE FEDERAL PROMISE ZONE IN WEST PHILADELPHIA, ONE OF THE FIRST FIVE LOCATIONS CHOSEN FOR A WHITE HOUSE INITIATIVE TO DIRECT RESOURCES TO THE NATION'S MOST PERSISTENTLY POVERTY-STRICKEN COMMUNITIES. AS THE UNITED STATES TRANSITIONS TO AN INFORMATION ECONOMY, MANY JOBS REQUIRE THE CRITICAL THINKING AND PROBLEM-SOLVING SKILLS INSTILLED BY GRADUATE EDUCATION. DREXEL LAUNCHED ITS GRADUATE COLLEGE IN 2015 TO BETTER COORDINATE GRADUATE EDUCATION AT THE UNIVERSITY AND ENSURE GRADUATE STUDENT SUCCESS.DREXEL HAS MADE A STRATEGIC COMMITMENT TO HELP IMPROVE THE NATION'S GLOBAL COMPETITIVENESS BY INCREASING STUDENTS' INTERNATIONAL ENGAGEMENT TO BUILD CULTURAL COMPETENCIES. IN RECENT YEARS, THE UNIVERSITY HAS GROWN THE NUMBER OF STUDY ABROAD OPPORTUNITIES BY MORE THAN A QUARTER AND THE NUMBER OF GLOBAL POSITIONS IN DREXEL'S SIGNATURE COOPERATIVE EDUCATION PROGRAM BY A THIRD, WHILE TRIPLING BOTH THE PROGRAMMING OF THE OFFICE OF INTERNATIONAL PROGRAMS AND THE TOTAL NUMBER OF INITIATIVES AT DREXEL THAT SUPPORT CROSS-CULTURAL EDUCATION AND ENGAGEMENT.UNDERGRADUATE ENROLLMENT FOR ACADEMIC YEAR 2014-2015 = 16,896GRADUATE AND PROFESSIONAL ENROLLMENT FOR ACADEMIC YEAR 2014-2015 = 9,463 NUMBER OF DEGREES CONFERRED IN ACADEMIC YEAR 2014-2015: ASSOCIATE DEGREES = 23 BACHELOR'S DEGREES = 3,515 MASTER'S DEGREES = 2,440 DOCTORAL DEGREES = 675 CERTIFICATES AND OTHER = 404
4b (Code:   ) (Expenses $ 128,850,159 including grants of $ 12,364,077 ) (Revenue $ 15,398,211 )
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 $101 MILLION IN FY2015. DREXEL HAS DEEP EXPERTISE IN TRANSLATIONAL RESEARCH, WHICH IS RIGOROUS ACADEMIC WORK THAT TANGIBLY TRANSLATES INTO INTELLECTUAL PROGRESS AND SOCIAL GOOD. RANKED NUMBER 52ND AMONG UNIVERSITIES WORLDWIDE FOR THE NUMBER OF U.S. PATENTS ISSUED IN 2014, ACCORDING TO THE METHODOLOGY OF THE INTELLECTUAL PROPERTY OWNERS ASSOCIATION, DREXEL STRIVES TO CREATE COMMERCIAL TECHNOLOGIES THAT POSITIVELY IMPACT HEALTH AND QUALITY OF LIFE.DREXEL IS COMMITTED TO USING ITS RESEARCH AND TECHNOLOGICAL EXPERTISE TO BECOME AN EVEN MORE POWERFUL ECONOMIC ENGINE FOR GREATER PHILADELPHIA, HELPING TO CREATE NEW HIGH-TECH BUSINESSES AND JOBS. DREXEL LAUNCHED TWO NEW ACCELERATOR PROGRAMS IN 2015, IN COLLABORATION WITH THE STATE-FUNDED BEN FRANKLIN TECHNOLOGY PARTNERS OF SOUTHEASTERN PENNSYLVANIA AND THE CITY OF PHILADELPHIA, TO HELP GROW NEW BUSINESSES IN TECHNOLOGY AND MEDICAL DEVICES AND THERAPEUTICS. THESE ACCELERATORS ARE AMONG THE FIRST BUILDING BLOCKS OF THE INNOVATION NEIGHBORHOOD, A DREXEL INITIATIVE TO DRIVE UNIVERSITY CITY'S ASCENDANCY AS A GLOBAL INNOVATION DISTRICT. DREXEL'S RESEARCHERS CONTINUE TO BUILD PARTNERSHIPS THAT ARE CRITICAL TO CREATING 21ST-CENTURY SOLUTIONS TO AMERICA'S CHALLENGES. IN DECEMBER 2014, THE UNIVERSITY'S URBAN DESIGN & HEALTH TEAM WAS NAMED AN INAUGURAL MEMBER OF THE AMERICAN INSTITUTE OF ARCHITECTS DESIGN & HEALTH RESEARCH CONSORTIUM INVESTIGATING HOW DESIGN AFFECTS PUBLIC HEALTH IN COMMUNITIES. THE DREXEL TEAM FEATURES INTERDISCIPLINARY COLLABORATION AMONG FACULTY FROM THE DORNSIFE SCHOOL OF PUBLIC HEALTH AND THE WESTPHAL COLLEGE OF MEDIA ARTS & DESIGN.DURING FY15, DREXEL UNIVERSITY CONDUCTED RESEARCH ON THE FOLLOWING RESEARCH GRANTS:FEDERALLY SPONSORED RESEARCH - 1,039 GRANTSSTATE OF PENNSYLVANIA SPONSORED RESEARCH - 105 GRANTSCITY OF PHILADELPHIA CONTRACTS - 24 GRANTSPRIVATE FOUNDATION SPONSORED RESEARCH - 386 GRANTSINDUSTRY SPONSORED RESEARCH - 257 GRANTS
4c (Code:   ) (Expenses $ 140,971,143 including grants of $ 1,000 ) (Revenue $ 105,310,951 )
PATIENT CARE/PUBLIC SERVICEIT IS THE COLLEGE'S PATIENT CARE MISSION TO SERVE THE COMMUNITY THROUGH THE DELIVERY OF HIGH-QUALITY, COST-EFFECTIVE HEALTH CARE SERVICES, INCLUDING PROGRAMS OF HEALTH PROMOTION AND DISEASE PREVENTION, ALL SUCH SERVICES PROVIDED WITH REGARD FOR THE INDIVIDUAL PATIENT AND HIS OR HER FAMILY. DREXEL UNIVERSITY'S CLINICAL PRACTICES LEAD THE WAY IN PIONEERING TREATMENTS AND PROVIDE EXCEPTIONAL CARE IN THE AREAS OF SPECIALTY INCLUDING INFECTIOUS DISEASE, SLEEP DISORDERS, CARDIOVASCULAR DISEASE, AND WOMEN'S HEALTH.
4d Other program services (Describe in Schedule O.)
(Expenses $   including grants of $   ) (Revenue $   )
4e Total program service expensesMediumBullet1,059,601,916
Form 990 (2014)
Form 990 (2014)
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 (see instructions)? 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, or have a section 501(h) election in effect during the tax year? 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 IIIClick to see attachment............................
5
 
No
6
Did the organization maintain any donor advised funds or any similar funds or accounts for which 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 for escrow or custodial account liability; 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 temporarily restricted endowments, permanent endowments, 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, line 10?
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 VIIClick to see attachment.......
11b
Yes
 
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 VIIIClick 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 IXClick 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 XClick 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 XClick to see attachment.........................
11f
Yes
 
12a
Did the organization obtain separate, independent audited financial statements for the tax year?
If "Yes," complete Schedule D, Parts XI and XII 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 and XII 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, investment, and program service activities outside the United States, or aggregate foreign investments valued at $100,000 or more? If "Yes," complete Schedule F, Parts I and IV......... 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 other assistance to or for any foreign organization? If “Yes,” complete Schedule F, Parts II and IVClick 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 other assistance to or for foreign individuals? If “Yes,” complete Schedule F, Parts III and IV... 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 I (see instructions) .... Click 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
20a
Did the organization operate one or more hospital facilities? If "Yes," complete Schedule H....
20a
 
No
b
If "Yes" to line 20a, did the organization attach a copy of its audited financial statements to this return?
20b
 
 
Form 990 (2014)
Form 990 (2014)
Page 4
Part IV
Checklist of Required Schedules (continued)
21
Did the organization report more than $5,000 of grants or other assistance to any domestic organization or domestic government 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 or other assistance to or for domestic individuals 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, line 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 lines 24b through 24d and complete Schedule K. If “No,” go to line 25a................ Click to see list of attachments
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
Yes
 
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), 501(c)(4), and 501(c)(29) 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
Did the organization report any amount on Part X, line 5, 6, or 22 for receivables from or payables to any current or former officers, directors, trustees, key employees, highest compensated employees, or disqualified persons? If "Yes," complete Schedule L, Part II................ Click to see attachment
26
Yes
 
27
Did the organization provide a grant or other assistance to an officer, director, trustee, key employee, substantial contributor or employee thereof, a grant selection committee member, or to a 35% controlled entity or family member of any of these persons? 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 direct or indirect 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 M..Click 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...........................
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
Yes
 
34
Was the organization related to any tax-exempt or taxable entity? If "Yes," complete Schedule R, Part II, III, or IV, and Part V, line 1........................ Click to see attachment
34
Yes
 
35a
Did the organization have a controlled entity within the meaning of section 512(b)(13)?
35a
Yes
 
b
If ‘Yes’ to line 35a, 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
35b
Yes
 
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 11b and 19? Note. All Form 990 filers are required to complete Schedule O. ............
38
Yes
 
Form 990 (2014)
Form 990 (2014)
Page 5
Part V
Statements Regarding Other IRS Filings and Tax Compliance
Check if Schedule O contains a response or note to any line in this Part V ..............
Yes
No
1a
Enter the number reported in Box 3 of Form 1096 Enter -0- if not applicable ..
1a
27,524
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
12,902
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” to line 3b, 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, securities account, or other financial account)?..........................
4a
Yes
 
b
If "Yes," enter the name of the foreign country: MediumBulletEK
See instructions for filing requirements for FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR).
5a
Was the organization a party to a prohibited tax shelter transaction at any time during the tax year?..
5a
Yes
 
b
Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction?
5b
Yes
 
c
If "Yes," to line 5a or 5b, did the organization file Form 8886-T? ............
5c
Yes
 
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 as charitable contributions?...
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.
Did a donor advised fund maintained by the sponsoring organization have excess business holdings at any time during the year?.........................
8
 
 
9a
Did the sponsoring organization make any taxable distributions under section 4966?...
9a
 
 
b
Did the sponsoring 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. See the instructions for additional information the organization must report on Schedule O.
13a
 
 
b
Enter the 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 amount of reserves on hand ............
13c
 
14a
Did the organization receive any payments for indoor tanning services during the tax year?.....
14a
 
No
b
If "Yes," has it filed a Form 720 to report these payments? If "No," provide an explanation in Schedule O..
14b
 
 
Form 990 (2014)
Form 990 (2014)
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 or note to any line 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
54
If there are material differences in voting rights among members of the governing body, or if the governing body delegated broad authority to an executive committee or similar committee, explain in Schedule O.
b
Enter the number of voting members included in line 1a, above, who are independent ...................
1b
43
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
Yes
 
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
Did the organization have members or stockholders? ................
6
 
No
7a
Did the organization have members, stockholders, or other persons who had the power to elect or appoint one or more members of the governing body? ....................
7a
 
No
b
Are any governance decisions of the organization reserved to (or subject to approval by) members, stockholders, or persons other than the governing body? ...................
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
 
No
Section B. Policies (This Section B requests information about policies not required by the Internal Revenue Code.)
Yes
No
10a
Did the organization have local chapters, branches, or affiliates? ............
10a
 
No
b
If "Yes," did the organization have written policies and procedures governing the activities of such chapters, affiliates, and branches to ensure their operations are consistent with the organization's exempt purposes?
10b
 
 
11a
Has the organization provided a complete 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 this Form 990. .....
12a
Did the organization have a written conflict of interest policy? If "No," go to line 13.......
12a
Yes
 
b
Were officers, directors, or trustees, and key employees required to disclose annually interests that could give rise to conflicts? ..........................
12b
Yes
 
c
Did the organization regularly and consistently monitor and enforce compliance with the policy? If "Yes," describe in Schedule O how this was done.......................
12c
Yes
 
13
Did the organization have a written whistleblower policy? ...............
13
Yes
 
14
Did 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 15a or 15b, 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," did the organization follow a written policy or procedure requiring the organization to evaluate its participation in joint venture arrangements under applicable federal tax law, and take steps to safeguard the organization’s exempt status with respect to such arrangements? ............
16b
Yes
 
Section C. Disclosure
17
List the States with which a copy of this Form 990 is required to be filedMediumBullet
PA , AK , MD , MA , MI , NH , DC , NY , AZ , SC , WA , CO
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 made these available. Check all that apply.
19
Describe in Schedule O whether (and if so, how) the organization made its governing documents, conflict of interest policy, and financial statements available to the public during the tax year.
20
State the name, address, and telephone number of the person who possesses the organization's books and records:
MediumBulletTAX OFFICE

3201 ARCH STREET SUITE 420
PHILADELPHIA,PA19104 (215) 895-1463
Form 990 (2014)
Form 990 (2014)
Page 7
Part VII
Compensation of Officers, Directors,Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors
Check if Schedule O contains a response or note to any line 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. 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 organization compensated any current officer, director, or trustee.
(A)
Name and Title 		(B)
Average hours per week (list any hours for related organizations below dotted line) 		(C)
Position (do not check more than one box, unless person is both an officer and a director/trustee) 		(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; OfficerInd; Key Employee; Highest compensated employee; FormerOfcrDirectorTrusteeInd;
(1) RENEE AMOORE........................................................................
TRUSTEE
 2.00
.......................   		X           0 0 0
(2) PAUL MEL BAIADA........................................................................
TRUSTEE
 2.00
.......................   		X           0 0 0
(3) ROBERT R BUCKLEY........................................................................
TRUSTEE
 2.00
.......................   		X           0 0 0
(4) RANDALL S BURKERT........................................................................
TRUSTEE
 2.00
.......................   		X           0 0 0
(5) HONORABLE IDA K CHEN........................................................................
TRUSTEE
 2.00
.......................   		X           0 0 0
(6) KATHLEEN P CHIMICLES........................................................................
TRUSTEE
 2.00
.......................   		X           0 0 0
(7) ABBIE DEAN........................................................................
TRUSTEE
 2.00
.......................   		X           0 0 0
(8) NICHOLAS DEBENEDICTIS........................................................................
TRUSTEE
 2.00
.......................   		X           0 0 0
(9) RICHARD J DEPIANO........................................................................
TRUSTEE
 2.00
.......................   		X           0 0 0
(10) GERIANNE TRINGALI DIPIANO........................................................................
TRUSTEE
 2.00
.......................   		X           0 0 0
(11) ROBERT J DRUMMOND........................................................................
TRUSTEE
 2.00
.......................   		X           0 0 0
(12) BRIAN FORD........................................................................
TRUSTEE
 2.00
.......................   		X           0 0 0
(13) SEAN J GALLAGHER........................................................................
TRUSTEE
 2.00
.......................   		X           0 0 0
(14) RICHARD A GREENAWALT........................................................................
CHAIRMAN
 2.00
.......................   		X   X       0 0 0
(15) RICHARD A HAYNE........................................................................
VICE CHAIR
 2.00
.......................   		X   X       0 0 0
(16) NINA HENDERSON........................................................................
TRUSTEE
 2.00
.......................   		X           0 0 0
(17) PATRICIA IMBESI........................................................................
TRUSTEE
 2.00
.......................   		X           0 0 0
Form 990 (2014)
Form 990 (2014)
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 (list any hours for related organizations below dotted line) 		(C)
Position (do not check more than one box, unless person is both an officer and a director/trustee) 		(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; OfficerInd; Key Employee; Highest compensated employee; FormerOfcrDirectorTrusteeInd;
(18) JOSEPH H JACOVINI ESQ........................................................................
TRUSTEE
 2.00
.......................   		X           0 0 0
(19) J MICHAEL LAWRIE........................................................................
TRUSTEE
 2.00
.......................   		X           0 0 0
(20) ROBERT J MONGELUZZI........................................................................
TRUSTEE
 2.00
.......................   		X           0 0 0
(21) DENIS P O'BRIEN........................................................................
TRUSTEE
 2.00
.......................   		X           0 0 0
(22) D HOWARD PIERCE........................................................................
TRUSTEE
 2.00
.......................   		X           0 0 0
(23) CHARLES P PIZZI........................................................................
TRUSTEE
 2.00
.......................   		X           0 0 0
(24) WILLIAM T SCHLEYER........................................................................
TRUSTEE
 2.00
.......................   		X           0 0 0
(25) NICHOLAS S SCHORSCH........................................................................
TRUSTEE
 2.00
.......................   		X           0 0 0
(26) STEPHEN A SHELLER ESQ........................................................................
TRUSTEE
 2.00
.......................   		X           0 0 0
(27) STANLEY W SILVERMAN........................................................................
VICE CHAIR
 2.00
.......................   		X   X       0 0 0
(28) MANUEL N STAMATAKIS........................................................................
TRUSTEE
 2.00
.......................   		X           0 0 0
(29) CHARLES K VALUTAS........................................................................
TRUSTEE
 2.00
.......................   		X           0 0 0
(30) CELESTINO R PENNONI........................................................................
TRUSTEE
 2.00
.......................   		X           0 0 0
(31) JEFFREY BEACHELL........................................................................
TRUSTEE
 2.00
.......................   		X           0 0 0
(32) JAMES BEAN........................................................................
TRUSTEE
 2.00
.......................   		X           0 0 0
(33) THOMAS CARAMANICO........................................................................
TRUSTEE
 2.00
.......................   		X           0 0 0
(34) ANTHONY NOCE........................................................................
TRUSTEE
 2.00
.......................   		X           0 0 0
(35) JOHN A FRY........................................................................
PRESIDENT
 40.00
.......................   		X   X       1,267,218 0 241,688
(36) RAPHAEL C LEE........................................................................
TRUSTEE
 2.00
.......................   		X           0 0 0
(37) JOSEPH UJOBAI........................................................................
TRUSTEE
 2.00
.......................   		X           0 0 0
(38) SALLY J BELLET........................................................................
TRUSTEE
 2.00
.......................   		X           0 0 0
(39) GREGORY S BENTLEY........................................................................
TRUSTEE
 2.00
.......................   		X           0 0 0
(40) CARL M BUCHHOLZ........................................................................
TRUSTEE
 2.00
.......................   		X           0 0 0
(41) DOMENIC M DIPIERO III........................................................................
TRUSTEE
 2.00
.......................   		X           0 0 0
(42) CYNTHIA P HECKSCHER........................................................................
TRUSTEE
 2.00
.......................   		X           0 0 0
(43) ALAN C KESSLER........................................................................
TRUSTEE
 2.00
.......................   		X           0 0 0
(44) THOMAS R KLINE........................................................................
TRUSTEE
 2.00
.......................   		X           0 0 0
(45) ROBERT LEWIS........................................................................
TRUSTEE
 2.00
.......................   		X           0 0 0
(46) MICHAEL A RASHID........................................................................
TRUSTEE
 2.00
.......................   		X           0 0 0
(47) MICHAEL J WILLIAMS........................................................................
TRUSTEE
 2.00
.......................   		X           0 0 0
(48) JOEL KOPPELMAN........................................................................
TRUSTEE
 2.00
.......................   		X           0 0 0
(49) R JOHN CHAPEL JR........................................................................
TRUSTEE
 2.00
.......................   		X           0 0 0
(50) RICHARD ILL........................................................................
TRUSTEE
 2.00
.......................   		X           0 0 0
(51) DAVID R GELTZER........................................................................
TRUSTEE
 2.00
.......................   		X           0 0 0
(52) RICHELLE P PARHAM........................................................................
TRUSTEE
 2.00
.......................   		X           0 0 0
(53) ROBERT F POWELSON........................................................................
TRUSTEE
 2.00
.......................   		X           0 0 0
(54) IRA M TAFFER........................................................................
TRUSTEE
 2.00
.......................   		X           62,165 0 12,988
(55) MICHAEL J EXLER ESQ........................................................................
SECRETARY
 40.00
.......................   		    X       404,711 0 45,940
(56) HELEN BOWMAN........................................................................
EXECUTIVE VP/TREASURER/COO
 40.00
.......................   		    X       571,692 0 40,740
(57) MARK GREENBERG........................................................................
PROVOST
 40.00
.......................   		      X     602,572 0 45,940
(58) JAMES TUCKER........................................................................
SVP ADMININSTRATION & BUSINESS SERVICES
 40.00
.......................   		      X     465,238 0 29,296
(59) DONNA MURASKO PHD........................................................................
DEAN-SCHOOL OF ARTS & SCIE
 40.00
.......................   		      X     344,381 0 45,940
(60) BRIAN KEECH........................................................................
SVP GOVERNMENT & COMMUNITY RELATIONS
 40.00
.......................   		      X     263,276 0 40,719
(61) LORI DOYLE........................................................................
SVP UNIVERSITY COMMUNICATI
 40.00
.......................   		      X     454,079 0 45,908
(62) JOSEPH B HUGHES........................................................................
DEAN-COLLEGE OF ENGINEERIN
 40.00
.......................   		      X     373,052 0 40,756
(63) KEITH A ORRIS........................................................................
SVP CORPORATE RELATIONS & ECONOMIC DEVELOPMENT
 40.00
.......................   		      X     423,264 0 42,110
(64) DANIEL SCHIDLOW........................................................................
DEAN AND SVP, MEDICAL AFFAIRS
 40.00
.......................   		      X     685,973 0 29,913
(65) JAMES HERBERT........................................................................
INTERIM PROVOST
 40.00
.......................   		      X     268,675 0 45,739
(66) SUSAN ALDRIDGE........................................................................
SVP, ONLINE LEARNING AND PRESIDENT DEL
 40.00
.......................   		      X     498,966 0 37,402
(67) RANDALL DEIKE........................................................................
SVP, ENROLLMENT MGMT & STUDENT SUCCESS
 40.00
.......................   		      X     252,951 0 3,819
(68) PETER FRISKO........................................................................
INTERIM SVP, INSTITUTIONAL ADVANCEMENT
 40.00
.......................   		      X     359,035 0 32,202
(69) D SCOTT LIND........................................................................
CHAIRMAN OF THE DEPARTMENT OF SURGERY
 40.00
.......................   		        X   543,614 0 45,220
(70) OWEN MONTGOMERY........................................................................
CHAIR, OBSTETRICS AND GYNECOLOGY DEPARTMENT
 40.00
.......................   		        X   518,692 0 29,296
(71) LYDIA KOMARNICKY-KOCHER........................................................................
PROFESSOR AND CHAIR OF RADIATION ONCOLOGY
 40.00
.......................   		        X   508,214 0 45,220
(72) JAMES REYNOLDS........................................................................
CHAIR, GASTROENTEROLOGY
 40.00
.......................   		        X   506,134 0 45,148
(73) GLENN LAUB........................................................................
CHAIRMAN OF CARDIOTHORACIC SURGERY
 40.00
.......................   		        X   657,082 0 45,148
(74) JOAN MCDONALD........................................................................
FORMER - SVP ENROLLMENT MANAGEMENT
 40.00
.......................   		          X 356,526 0 37,552
1b Sub-Total................MediumBullet
c Total from continuation sheets to Part VII, Section A....MediumBullet
d Total (add lines 1b and 1c)............MediumBullet 10,387,510 0 1,028,684
2
Total number of individuals (including but not limited to those listed above) who received more than $100,000 of reportable compensation from the organizationMediumBullet1,155
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. Report compensation for the calendar year ending with or within the organization’s tax year.
(A)
Name and business address 		(B)
Description of services 		(C)
Compensation
SODEXO SERVICES

203 N 34TH STREET
PHILADELPHIA,PA19104 		FOOD SERVICES 15,745,101
P AGNES INC

2101 PENROSE AVE
PHILADELPHIA,PA19145 		CONSTRUCTION SERVICES 8,898,313
INTECH CONSTRUCTION INC

3001 MARKET ST STE 140
PHILADELPHIA,PA19104 		CONSTRUCTION SERVICES 7,057,763
GCA SERVICES GROUP

PO BOX 643823
PITTSBURGH,PA15264 		CLEANING SERVICES 6,256,221
ALLIED BARTON SECURITY SERVICES TOTAL

PO BOX 828854
CHICAGO,IL606774400 		SECURITY SERVICES 5,543,907
2
Total number of independent contractors (including but not limited to those listed above) who received more than $100,000 of compensation from the organization MediumBullet141
Form 990 (2014)
Form 990 (2014)
Page 9
Part VIII
Statement of Revenue
Check if Schedule O contains a response or note to any line in this Part VIII .............
(A)
Total revenue 		(B)
Related or
exempt
function
revenue 		(C)
Unrelated
business
revenue 		(D)
Revenue
excluded from
tax under sections
512-514
Contributions, Gifts, GrantAmt and OtherAmt Similar Amounts 1a Federated campaigns..1a  
b Membership dues....1b  
c Fundraising events....1c 1,239,641
d Related organizations...1d 2,521,767
e Government grants (contributions)1e 91,824,625
f All other contributions, gifts, grants, and
similar amounts not included above1f 		71,777,664
g Noncash contributions included in lines
1a-1f:$ 		9,128,455
h Total. Add lines 1a-1f.......MediumBullet 167,363,697
Program Service RevenueAmt Business Code
2a TUITION AND FEES 900099 851,933,777 851,933,777    
b PATIENT CARE 621110 103,198,664 103,198,664    
c AUXILIARY ENTERPRISES 611710 73,259,026 73,259,026    
d OTHER PROGRAM SERVICES 611710 17,372,206 17,372,206    
e EDUCATIONAL ACTIVITIES 611600 4,521,583 4,521,583    
f All other program service revenue .        
g Total. Add lines 2a–2f........MediumBullet 1,050,285,256
OtherAmt RevenueAmt 3 Investment income (including dividends, interest, and other similar amounts).......MediumBullet 28,348,914     28,348,914
4 Income from investment of tax-exempt bond proceeds..MediumBullet 5,229     5,229
5 Royalties...........MediumBullet 249,927     249,927
(i) Real (ii) Personal
6a Gross rents 695,698  
b Less: rental expenses 226,145  
c Rental income or (loss) 469,553  
d Net rental income or (loss).......MediumBullet 469,553     469,553
(i) Securities (ii) Other
7a Gross amount from sales of assets other than inventory 545,984,000  
b Less: cost or other basis and sales expenses 545,670,656  
c Gain or (loss) 313,344  
d Net gain or (loss)..........MediumBullet 313,344     313,344
8a Gross income from fundraising events (not including
$ 1,239,641
of contributions reported on line 1c). See Part IV, line 18 ..
a 235,452
b Less: direct expenses ...b 557,209
c Net income or (loss) from fundraising events..MediumBullet -321,757   -321,757
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 900099 19,846,804 17,226,609 2,620,195  
b APPLICATION SVC PROG 541519 3,615,782   3,615,782  
c STUDENT FEES & FINES 900099 925,737 925,737    
d All other revenue .... -266,020   -266,020  
e Total. Add lines 11a–11d ...... MediumBullet 24,122,303
12 Total revenue. See Instructions......MediumBullet 1,270,836,466 1,068,437,602 5,969,957 29,065,210
Form 990 (2014)
Form 990 (2014)
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).Check if Schedule O contains a response or note to any line in this Part IX ...............
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 domestic organizations and domestic governments. See Part IV, line 21 .... 12,258,342 12,258,342
2 Grants and other assistance to domestic individuals. See Part IV, line 22 .... 232,299,076 232,299,076
3 Grants and other assistance to foreign organizations, foreign governments, and foreign individuals. See Part IV, lines 15 and 16 ............ 40,900,095 40,900,095
4 Benefits paid to or for members ....    
5 Compensation of current officers, directors, trustees, and key employees .... 8,356,978 2,383,408 5,130,593 842,977
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 .... 466,943,726 404,979,264 53,821,325 8,143,137
8 Pension plan accruals and contributions (include section 401(k) and 403(b) employer contributions) .... 36,515,067 31,540,290 4,312,636 662,141
9 Other employee benefits ....... 61,848,527 53,054,205 7,630,068 1,164,254
10 Payroll taxes ........... 30,461,233 26,107,197 3,778,131 575,905
11 Fees for services (non-employees):        
a Management ...... 1,127,719 707,500 420,219  
b Legal ......... 1,970,639 441,977 1,528,662  
c Accounting ........... 788,891 101,365 687,526  
d Lobbying ........... 738,207 738,207    
e Professional fundraising services. See Part IV, line 17 187,686 187,686
f Investment management fees ...... 2,522,082   2,522,082  
g Other (If line 11g amount exceeds 10% of line 25, column (A) amount, list line 11g expenses on Schedule O) .... 39,342,148 33,510,089 5,175,276 656,783
12 Advertising and promotion .... 2,619,256 1,975,402 637,407 6,447
13 Office expenses ....... 48,010,342 41,391,520 6,081,821 537,001
14 Information technology ...... 23,693,754 18,144,778 5,377,352 171,624
15 Royalties .. 3,230,578 3,050,079 180,499  
16 Occupancy ........... 57,510,675 45,660,554 11,842,202 7,919
17 Travel ............ 14,010,358 12,903,009 817,395 289,954
18 Payments of travel or entertainment expenses for any federal, state, or local public officials ......        
19 Conferences, conventions, and meetings .... 7,194,967 6,190,701 779,836 224,430
20 Interest ........... 17,974,224 16,331,452 1,642,772  
21 Payments to affiliates ....... 3,317,984 847,011 2,253,432 217,541
22 Depreciation, depletion, and amortization ..... 41,664,561 37,866,214 3,798,347  
23 Insurance .............. 13,492,710 10,035,512 3,139,653 317,545
24 Other expenses. Itemize expenses not covered above (List miscellaneous expenses in line 24e. If line 24e amount exceeds 10% of line 25, column (A) amount, list line 24e expenses on Schedule O.)
a BAD DEBT EXPENSE 13,023,661 13,023,661    
b MISCELLANEOUS 4,967,109 4,084,327 798,326 84,456
c PROFESSIONAL MEMBERSHIP 2,126,648 1,679,181 390,161 57,306
d RECRUITING 1,814,755 1,120,192 686,439 8,124
e All other expenses 8,394,206 6,277,308 1,493,117 623,781
25 Total functional expenses. Add lines 1 through 24e 1,199,306,204 1,059,601,916 124,925,277 14,779,011
26 Joint costs. Complete this line only if the organization reported in column (B) joint costs from a combined educational campaign and fundraising solicitation. Check here MediumBullet if following SOP 98-2 (ASC 958-720).        
Form 990 (2014)
Form 990 (2014)
Page 11
Part X Balance Sheet Check if Schedule O contains a response or note to any line in this Part X ..............
(A)
Beginning of year 		(B)
End of year
Assets 1 Cash–non-interest-bearing ............. 26,819 1 57,212
2 Savings and temporary cash investments ......... 44,637,572 2 83,963,502
3 Pledges and grants receivable, net ........... 105,302,331 3 131,810,163
4 Accounts receivable, net ............. 79,957,083 4 106,876,041
5 Loans and other receivables from current and former officers, directors, trustees, key employees, and highest compensated employees. Complete Part II of
Schedule L ..................
54,000 5 36,000
6 Loans and other receivables from other disqualified persons (as defined under section 4958(f)(1)), persons described in section 4958(c)(3)(B), and contributing employers and sponsoring organizations of section 501(c)(9) voluntary employees' beneficiary organizations (see instructions) 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 .......... 11,272,891 9 14,585,708
10a Land, buildings, and equipment: cost or other basis. Complete Part VI of Schedule D 10a 1,277,698,051
b Less: accumulated depreciation ..... 10b 419,547,461 789,117,747 10c 858,150,590
11 Investments—publicly traded securities .......... 392,168,431 11 582,371,809
12 Investments—other securities. See Part IV, line 11 ..... 81,716,000 12 109,456,000
13 Investments—program-related. See Part IV, line 11 ..... 25,674,774 13 35,482,116
14 Intangible assets ...............   14  
15 Other assets. See Part IV, line 11 ........... 3,397,906 15 20,831,422
16 Total assets. Add lines 1 through 15 (must equal line 34)...... 1,533,325,554 16 1,943,620,563
Liabilities 17 Accounts payable and accrued expenses ......... 142,818,828 17 217,907,696
18 Grants payable .................   18  
19 Deferred revenue ................ 102,799,810 19 118,264,969
20 Tax-exempt bond liabilities ............. 428,346,444 20 439,121,189
21 Escrow or custodial account liability. Complete Part IV of Schedule D..   21  
22 Loans and other 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 .. 85,936 23 0
24 Unsecured notes and loans payable to unrelated third parties ....   24  
25 Other liabilities (including federal income tax, payables to related third parties, and other liabilities not included on lines 17-24). Complete Part X of Schedule D.................... 54,364,347 25 52,633,048
26 Total liabilities. Add lines 17 through 25......... 728,415,365 26 827,926,902
Net Assets or Fund Balance Organizations that follow SFAS 117 (ASC 958), check here MediumBullet and complete lines 27 through 29, and lines 33 and 34.
27 Unrestricted net assets .............. 503,230,902 27 810,582,374
28 Temporarily restricted net assets ........... 176,691,055 28 170,777,055
29 Permanently restricted net assets ........... 124,988,232 29 134,334,232
Organizations that do not follow SFAS 117 (ASC 958), 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 ........... 804,910,189 33 1,115,693,661
34 Total liabilities and net assets/fund balances ........ 1,533,325,554 34 1,943,620,563
Form 990 (2014)
Form 990 (2014)
Page 12
Part XI
Reconcilliation of Net Assets
Check if Schedule O contains a response or note to any line in this Part XI ..............
1
Total revenue (must equal Part VIII, column (A), line 12) ............
1
1,270,836,466
2
Total expenses (must equal Part IX, column (A), line 25) ............
2
1,199,306,204
3
Revenue less expenses. Subtract line 2 from line 1 ..............
3
71,530,262
4
Net assets or fund balances at beginning of year (must equal Part X, line 33, column (A)) ..
4
804,910,189
5
Net unrealized gains (losses) on investments ...............
5
-8,415,157
6
Donated services and use of facilities .................
6
 
7
Investment expenses .....................
7
 
8
Prior period adjustments .....................
8
 
9
Other changes in net assets or fund balances (explain in Schedule O) ........
9
247,668,367
10
Net assets or fund balances at end of year. Combine lines 3 through 9 (must equal Part X, line 33, column (B))
10
1,115,693,661
Part XII
Financial Statements and Reporting
Check if Schedule O contains a response or note to any line 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
If ‘Yes,’ check a box below to indicate whether the financial statements for the year were compiled or reviewed on a separate basis, consolidated basis, or both:
b
Were the organization’s financial statements audited by an independent accountant?
2b
Yes
 
If ‘Yes,’ check a box below to indicate whether the financial statements for the year were audited on a separate basis, consolidated basis, or both:
c
If "Yes," to line 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?
2c
Yes
 
If the organization changed either its oversight process or selection process during the tax year, explain in Schedule O.
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 (2014)
Form 990 (2014)
Page 13
Form 990, Special Condition Description:
Special Condition Description
Form 990 (2014)
Form 990 (2014)
Page 14
Additional Data


Software ID:  
Software Version:  
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 Information about Schedule A (Form 990 or 990-EZ) and its instructions is at www.irs.gov/form990.
OMB No. 1545-0047
2014
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
a
b
c
d
e
f
Enter the number of supported organizations .............................  
g
Provide the following information about the supported organization(s).
(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 listed in your governing document? (v) Amount of monetary support (see instructions) (vi) Amount of other support (see instructions)
Yes No
Total    

For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990EZ.
Cat. No. 11285F
Schedule A (Form 990 or 990-EZ) 2014
Schedule A (Form 990 or 990-EZ) 2014
Page 2
Part II
Support Schedule for Organizations Described in Sections 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) right arrow (a) 2010 (b) 2011 (c) 2012 (d) 2013 (e) 2014 (f) Total
1 Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") .... 185,526,251 137,370,616 127,243,677 114,184,550 167,363,697 731,688,791
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 3 185,526,251 137,370,616 127,243,677 114,184,550 167,363,697 731,688,791
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).. 56,682,734
6 Public support. Subtract line 5 from line 4. 675,006,057
Section B. Total Support
Calendar year (or fiscal year beginning in) right arrow (a) 2010 (b) 2011 (c) 2012 (d) 2013 (e) 2014 (f) Total
7 Amounts from line 4.. 185,526,251 137,370,616 127,243,677 114,184,550 167,363,697 731,688,791
8 Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources... 4,718,165 13,009,359 49,791,098 76,870,624 29,299,768 173,689,014
9 Net income from unrelated business activities, whether or not the business is regularly carried on..   2,521,250 1,586,436 2,533,206 2,917,742 9,558,634
10 Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.)..            
11 Total support Add lines 7 through 10. 914,936,439
12
12
3,964,811,646
13
First five years. If the Form 990 is for the organization's first, second, third, fourth, or fifth tax year as a section 501(c)(3) organization, check this box and stop here........................................right arrow
Section C. Computation of Public Support Percentage
14
14
73.780 %
15
15
78.290 %
16a
b
17a
b
18
Private foundation. If the organization did not check a box on line 13, 16a, 16b, 17a, or 17b, check this box and see
instructions ..................................................... right arrow
Schedule A (Form 990 or 990-EZ) 2014
Schedule A (Form 990 or 990-EZ) 2014
Page 3
Part III
Support Schedule for Organizations Described in Section 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) right arrow (a) 2010 (b) 2011 (c) 2012 (d) 2013 (e) 2014 (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) right arrow (a) 2010 (b) 2011 (c) 2012 (d) 2013 (e) 2014 (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 VI.) ..            
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) 2014
Schedule A (Form 990 or 990-EZ) 2014
Page 4
Part IV
Supporting Organizations
(Complete only if you checked a box on line 11 of Part I. If you checked 11a of Part I, complete Sections A and B. If you checked 11b of Part I, complete Sections A and C. If you checked 11c of Part I, complete Sections A, D, and E. If you checked 11d of Part I, complete Sections A and D, and complete Part V.)
Section A. All Supporting Organizations
Yes
No
1
Are all of the organization’s supported organizations listed by name in the organization’s governing documents?
If "No," describe in Part VI how the supported organizations are designated. If designated by class or purpose,
describe the designation. If historic and continuing relationship, explain.
1
 
 
2
Did the organization have any supported organization that does not have an IRS determination of status under section 509(a)(1) or (2)? If "Yes," explain in Part VI how the organization determined that the supported organization was described in section 509(a)(1) or (2).
2
 
 
3a
Did the organization have a supported organization described in section 501(c)(4), (5), or (6)? If "Yes," answer (b) and (c) below.
3a
 
 
b
Did the organization confirm that each supported organization qualified under section 501(c)(4), (5), or (6) and satisfied the public support tests under section 509(a)(2)? If "Yes," describe in Part VI when and how the organization made the determination.
3b
 
 
c
Did the organization ensure that all support to such organizations was used exclusively for section 170(c)(2)(B) purposes? If "Yes," explain in Part VI what controls the organization put in place to ensure such use.
3c
 
 
4a
Was any supported organization not organized in the United States ("foreign supported organization")? If “Yes” and if you checked 11a or 11b in Part I, answer (b) and (c) below.
4a
 
 
b
Did the organization have ultimate control and discretion in deciding whether to make grants to the foreign supported organization? If “Yes,” describe in Part VI how the organization had such control and discretion despite being controlled or supervised by or in connection with its supported organizations....
4b
 
 
c
Did the organization support any foreign supported organization that does not have an IRS determination under sections 501(c)(3) and 509(a)(1) or (2)? If “Yes,” explain in Part VI what controls the organization used to ensure that all support to the foreign supported organization was used exclusively for section 170(c)(2)(B) purposes.
4c
 
 
5a
Did the organization add, substitute, or remove any supported organizations during the tax year? If “Yes,” answer (b) and (c) below (if applicable). Also, provide detail in Part VI, including (i) the names and EIN numbers of the supported organizations added, substituted, or removed, (ii) the reasons for each such action, (iii) the authority under the organization's organizing document authorizing such action, and (iv) how the action was accomplished (such as by amendment to the organizing document).
5a
 
 
b
Type I or Type II only. Was any added or substituted supported organization part of a class already designated in the organization's organizing document?
5b
 
 
c
Substitutions only. Was the substitution the result of an event beyond the organization's control?
5c
 
 
6
Did the organization provide support (whether in the form of grants or the provision of services or facilities) to anyone other than (a) its supported organizations; (b) individuals that are part of the charitable class benefited by one or more of its supported organizations; or (c) other supporting organizations that also support or benefit one or more of the filing organization’s supported organizations? If “Yes,” provide detail in Part VI.
6
 
 
7
Did the organization provide a grant, loan, compensation, or other similar payment to a substantial contributor (defined in IRC 4958(c)(3)(C)), a family member of a substantial contributor, or a 35-percent controlled entity with regard to a substantial contributor? If “Yes,” complete Part I of Schedule L (Form 990) .
7
 
 
8
Did the organization make a loan to a disqualified person (as defined in section 4958) not described in line 7? If “Yes,” complete Part II of Schedule L (Form 990).
8
 
 
9a
Was the organization controlled directly or indirectly at any time during the tax year by one or more disqualified persons as defined in section 4946 (other than foundation managers and organizations described in section 509(a)(1) or (2))? If “Yes,” provide detail in Part VI.
9a
 
 
b
Did one or more disqualified persons (as defined in line 9(a)) hold a controlling interest in any entity in which the supporting organization had an interest? If “Yes,” provide detail in Part VI.
9b
 
 
c
Did a disqualified person (as defined in line 9(a)) have an ownership interest in, or derive any personal benefit from, assets in which the supporting organization also had an interest? If “Yes,” provide detail in Part VI.
9c
 
 
10a
Was the organization subject to the excess business holdings rules of IRC 4943 because of IRC 4943(f) (regarding certain Type II supporting organizations, and all Type III non-functionally integrated supporting organizations)? If “Yes,” answer b below.
10a
 
 
b
Did the organization have any excess business holdings in the tax year? (Use Schedule C, Form 4720, to determine whether the organization had excess business holdings).
10b
 
 
11
Has the organization accepted a gift or contribution from any of the following persons?
a
A person who directly or indirectly controls, either alone or together with persons described in (b) and (c) below, the governing body of a supported organization?
11a
 
 
b
A family member of a person described in (a) above?
11b
 
 
c
A 35% controlled entity of a person described in (a) or (b) above? If “Yes” to a, b, or c, provide detail in Part VI.
11c
 
 
Schedule A (Form 990 or 990-EZ) 2014
Schedule A (Form 990 or 990-EZ) 2014
Page 5
Part IV
Supporting Organizations (continued)

Section B. Type I Supporting Organizations
Yes
No
1
Did the directors, trustees, or membership of one or more supported organizations have the power to regularly appoint or elect at least a majority of the organization’s directors or trustees at all times during the tax year? If “No,” describe in Part VI how the supported organization(s) effectively operated, supervised, or controlled the organization’s activities. If the organization had more than one supported organization, describe how the powers to appoint and/or remove directors or trustees were allocated among the supported organizations and what conditions or restrictions, if any, applied to such powers during the tax year.
1
 
 
2
Did the organization operate for the benefit of any supported organization other than the supported organization(s) that operated, supervised, or controlled the supporting organization? If “Yes,” explain in Part VI how providing such benefit carried out the purposes of the supported organization(s) that operated, supervised or controlled the supporting organization.
2
 
 
Section C. Type II Supporting Organizations
Yes
No
1
Were a majority of the organization’s directors or trustees during the tax year also a majority of the directors or trustees of each of the organization’s supported organization(s)? If “No,” describe in Part VI how control or management of the supporting organization was vested in the same persons that controlled or managed the supported organization(s).
1
 
 
Section D. All Type III Supporting Organizations
Yes
No
1
Did the organization provide to each of its supported organizations, by the last day of the fifth month of the organization’s tax year, (1) a written notice describing the type and amount of support provided during the prior tax year, (2) a copy of the Form 990 that was most recently filed as of the date of notification, and (3) copies of the organization’s governing documents in effect on the date of notification, to the extent not previously provided?
1
 
 
2
Were any of the organization’s officers, directors, or trustees either (i) appointed or elected by the supported organization(s) or (ii) serving on the governing body of a supported organization? If "No," explain in Part VI how the organization maintained a close and continuous working relationship with the supported organization(s).
2
 
 
3
By reason of the relationship described in (2), did the organization’s supported organizations have a significant voice in the organization’s investment policies and in directing the use of the organization’s income or assets at all times during the tax year? If "Yes," describe in Part VI the role the organization’s supported organizations played in this regard.
3
 
 
Section E. Type III Functionally-Integrated Supporting Organizations
1
Check the box next to the method that the organization used to satisfy the Integral Part Test during the year (see instructions):
a
b
c
2
Activities Test. Answer (a) and (b) below.
Yes
No
a
Did substantially all of the organization’s activities during the tax year directly further the exempt purposes of the supported organization(s) to which the organization was responsive? If "Yes," then in Part VI identify those supported organizations and explain how these activities directly furthered their exempt purposes, how the organization was responsive to those supported organizations, and how the organization determined that these activities constituted substantially all of its activities.
2a
 
 
b
Did the activities described in (a) constitute activities that, but for the organization’s involvement, one or more of the organization’s supported organization(s) would have been engaged in? If "Yes," explain in Part VI the reasons for the organization’s position that its supported organization(s) would have engaged in these activities but for the organization’s involvement.
2b
 
 
3
Parent of Supported Organizations. Answer (a) and (b) below.
a
Did the organization have the power to regularly appoint or elect a majority of the officers, directors, or trustees of each of the supported organizations? Provide details in Part VI.
3a
 
 
b
Did the organization exercise a substantial degree of direction over the policies, programs and activities of each of its supported organizations? If "Yes," describe in Part VI the role played by the organization in this regard.
3b
 
 
Schedule A (Form 990 or 990-EZ) 2014
Schedule A (Form 990 or 990-EZ) 2014
Page 6
Part V – Type III Non-Functionally Integrated 509(a)(3) Supporting Organizations

1.   Check here if the organization satisfied the Integral Part Test as a qualifying trust on Nov. 20, 1970. See instructions. All other Type III non-functionally integrated supporting organizations must complete Sections A through E.
Section A - Adjusted Net Income (A) Prior Year (B) Current Year
(optional)
1 Net short-term capital gain 1    
2 Recoveries of prior-year distributions 2    
3 Other gross income (see instructions) 3    
4 Add lines 1 through 3 4    
5 Depreciation and depletion 5    
6 Portion of operating expenses paid or incurred for production or collection of gross income or for management, conservation, or maintenance of property held for production of income (see instructions) 6    
7 Other expenses (see instructions) 7    
8 Adjusted Net Income (subtract lines 5, 6 and 7 from line 4) 8    

Section B - Minimum Asset Amount (A) Prior Year (B) Current Year
(optional)
1 Aggregate fair market value of all non-exempt-use assets (see instructions for short tax year or assets held for part of year): 1
a Average monthly value of securities 1a    
b Average monthly cash balances 1b    
c Fair market value of other non-exempt-use assets 1c    
d Total (add lines 1a, 1b, and 1c) 1d    
e Discount claimed for blockage or other factors (explain in detail in Part VI):  
2 Acquisition indebtedness applicable to non-exempt use assets 2    
3 Subtract line 2 from line 1d 3    
4 Cash deemed held for exempt use. Enter 1-1/2% of line 3 (for greater amount, see instructions). 4    
5 Net value of non-exempt-use assets (subtract line 4 from line 3) 5    
6 Multiply line 5 by .035 6    
7 Recoveries of prior-year distributions 7    
8 Minimum Asset Amount (add line 7 to line 6) 8    

Section C - Distributable Amount Current Year
1 Adjusted net income for prior year (from Section A, line 8, Column A) 1  
2 Enter 85% of line 1 2  
3 Minimum asset amount for prior year (from Section B, line 8, Column A) 3  
4 Enter greater of line 2 or line 3 4  
5 Income tax imposed in prior year 5  
6 Distributable Amount. Subtract line 5 from line 4, unless subject to emergency temporary reduction (see instructions) 6  
7   Check here if the current year is the organization's first as a non-functionally-integrated Type III supporting organization (see instructions)
Schedule A (Form 990 or 990-EZ) 2014
Schedule A (Form 990 or 990-EZ) 2014
Page 7
Section D - Distributions Current Year
1 Amounts paid to supported organizations to accomplish exempt purposes  
2 Amounts paid to perform activity that directly furthers exempt purposes of supported organizations, in
excess of income from activity		  
3 Administrative expenses paid to accomplish exempt purposes of supported organizations  
4 Amounts paid to acquire exempt-use assets  
5 Qualified set-aside amounts (prior IRS approval required)  
6 Other distributions (describe in Part VI). See instructions  
7Total annual distributions. Add lines 1 through 6.  
8 Distributions to attentive supported organizations to which the organization is responsive (provide
details in Part VI). See instructions		  
9 Distributable amount for 2014 from Section C, line 6  
10 Line 8 amount divided by Line 9 amount  

Section E - Distribution Allocations (see instructions) (i)
Excess Distributions 		(ii)
Underdistributions
Pre-2014 		(iii)
Distributable
Amount for 2014
1 Distributable amount for 2014 from Section C, line
6 		 
2 Underdistributions, if any, for years prior to 2014
(reasonable cause required--see instructions)		  
3 Excess distributions carryover, if any, to 2014:
a From 2009.......X
b From 2010.......X
c From 2011.......X
d From 2012.......X
e From 2013.......  
fTotal of lines 3a through e  
g Applied to underdistributions of prior years  
h Applied to 2014 distributable amount  
i Carryover from 2009 not applied (see
instructions)
j Remainder. Subtract lines 3g, 3h, and 3i from 3f.  
4Distributions for 2014 from Section D, line 7:
$  
a Applied to underdistributions of prior years  
b Applied to 2014 distributable amount  
c Remainder. Subtract lines 4a and 4b from 4.  
5 Remaining underdistributions for years prior to
2014, if any. Subtract lines 3g and 4a from line 2
(if amount greater than zero, see instructions)		  
6 Remaining underdistributions for 2014. Subtract
lines 3h and 4b from line 1 (if amount greater than
zero, see instructions)		  
7 Excess distributions carryover to 2015. Add lines
3j and 4c.		  
8 Breakdown of line 7:
a From 2010.......X
b From 2011.......X
c From 2012.......X
d From 2013.......  
e From 2014.......  
Schedule A (Form 990 or 990-EZ) (2014)
Schedule A (Form 990 or 990-EZ) 2014
Page 8
Part VI
Supplemental Information. Provide the explanations required by Part II, line 10; Part II, line 17a or 17b; Part III, line 12; Part IV, Section A, lines 1, 2, 3b, 3c, 4b, 4c, 5a, 6, 9a, 9b, 9c, 11a, 11b, and 11c; Part IV, Section B, lines 1 and 2; Part IV, Section C, line 1; Part IV, Section D, lines 2 and 3; Part IV, Section E, lines 1c, 2a, 2b, 3a and 3b; Part V, line 1; Part V, Section B, line 1e; Part V Section D, lines 5, 6, and 8; and Part V, Section E, lines 2, 5, and 6. Also complete this part for any additional information. (See instructions).
Facts And Circumstances Test
 
Return Reference Explanation
Schedule A (Form 990 or 990-EZ) 2014

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.
Arrow Bullet Information about Schedule B (Form 990, 990-EZ, or 990-PF) and its instructions is at www.irs.gov/form990.
OMB No. 1545-0047
2014
Name of the 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 on line H of its
Form 990-EZ or on its Form 990PF, Part I, line 2, 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) (2014)

Schedule B (Form 990, 990-EZ, or 990-PF) (2014)
Page 2
Name of organization
DREXEL UNIVERSITY
  		Employer identification number

23-1352630
Part I
Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
RESTRICTED
 
 

   
 
 
  ,    

$RESTRICTED


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 

   
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 

   
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 

   
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 

   
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 

   
 
 

$  


(Complete Part II for noncash contributions.)
Schedule B (Form 990, 990-EZ, or 990-PF) (2014)

Schedule B (Form 990, 990-EZ, or 990-PF) (2014)
Page 3
Name of organization
DREXEL UNIVERSITY
  		Employer identification number

23-1352630
Part II
Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(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) (2014)

Schedule B (Form 990, 990-EZ, or 990-PF) (2014)
Page 4
Name of organization
DREXEL UNIVERSITY
  		Employer identification number

23-1352630
Part III
Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10)
that total more than $1,000 for the year from any one contributor. 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 $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
Use duplicate copies of Part III if additional space is needed.
(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) (2014)

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 Information about Schedule C (Form 990 or 990-EZ) and its instructions is at www.irs.gov/form990.
OMB No. 1545-0047
2014
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) (see separate instructions) or Form 990-EZ, Part V, line 35c (Proxy Tax) (see separate instructions), 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 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 function 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 Paperwork Reduction Act Notice, see the instructions for Form 990 or 990-EZ.
Cat. No. 50084S
Schedule C (Form 990 or 990-EZ) 2014

Schedule C (Form 990 or 990-EZ) 2014
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 SchCMd Bulletexpenses, and share of excess lobbying expenditures).
B Check SchCMd Bullet
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 separate instructions for lines 2a through 2f.)
Lobbying Expenditures During 4-Year Averaging Period
Calendar year (or fiscal year
beginning in) 		(a) 2011 (b) 2012 (c) 2013 (d) 2014 (e) Total
2a Lobbying nontaxable amount          
b Lobbying ceiling amount
(150% of line 2a, column(e)) 		 
c Total lobbying expenditures          
d Grassroots nontaxable amount          
e Grassroots ceiling amount
(150% of line 2d, column (e))		  
f Grassroots lobbying expenditures          
Schedule C (Form 990 or 990-EZ) 2014


Schedule C (Form 990 or 990-EZ) 2014
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)).
For each "Yes" response to lines 1a through 1i below, provide in Part IV a detailed description of the lobbying activity.
(a)
No
Yes
(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
 
176,451
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
 
561,756
h
Rallies, demonstrations, seminars, conventions, speeches, lectures, or any similar means? ......
 
No
 
i
Other activities? ..........................
 
No
 
j
Total. Add lines 1c through 1i ...............................
738,207
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 carry over 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) and if either (a) BOTH Part III-A, lines 1 and 2, are answered "No" OR (b) Part III-A, line 3, is answered “Yes."
1
Dues, assessments and similar amounts from members .....................
1
 
2
Section 162(e) nondeductible 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
Provide the descriptions required for Part l-A, line 1; Part l-B, line 4; Part l-C, line 5; Part II-A (affiliated group list); Part II-A, lines 1 and 2 (see instructions), and Part ll-B, line 1. Also, complete this part for any additional information.
Return Reference Explanation
PART II-B, LINE 1: 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 DONE 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) 2014

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, 11a, 11b, 11c, 11d, 11e, 11f, 12a, or 12b.
SchDMd Bullet Attach to Form 990.
Information about Schedule D (Form 990) and its instructions is at www.irs.gov/form990.
OMB No. 1545-0047
2014
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 value of contributions to (during year)    
3 Aggregate value of 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 can 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 through 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, and not on a historic structure listed in the National Register .................... 2d  
3
Number of conservation easements modified, transferred, released, extinguished, or terminated by the organization during
the tax 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 section 170(h)(4)(B)(ii)? .......................................
9
In Part XIII, 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 (ASC 958), 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 XIII, the text of the footnote to its financial statements that describes these items.
b
If the organization elected, as permitted under SFAS 116 (ASC 958), 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)
Revenue included in Form 990, Part VIII, line 1 ........................SchDMd Bullet $  
(ii)
Assets included in Form 990, Part X ..............................SchDMd Bullet $ 10,918,587
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 (ASC 958) relating to these items:
a
Revenue included in Form 990, Part VIII, line 1 ..........................SchDMd Bullet $  
b
Assets included in Form 990, Part X ...............................SchDMd Bullet $  
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 52283D
Schedule D (Form 990) 2014

Schedule D (Form 990) 2014
Page 2
Part III
Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets (continued)
3
Using the organization’s acquisition, 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
WORKSHOPS/CLASS PROJECTS
c
4
Provide a description of the organization’s collections and explain how they further the organization’s exempt purpose in
Part XIII.
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 XIII 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, for escrow or custodial account liability?
b
If "Yes," explain the arrangement in Part XIII. Check here if the explanation has been provided in Part XIII .......
Part V
Endowment Funds. Complete if the organization answered "Yes" to Form 990, Part IV, line 10.
(a)Current year (b)Prior year b (c)Two years back (d)Three years back (e)Four years back
1a Beginning of year balance .... 421,686,000 390,238,000 364,097,000 382,586,000 305,402,000
b Contributions ........ 172,402,000 -7,443,000 13,767,000 4,517,000 35,214,000
c Net investment earnings, gains, and losses 14,441,000 56,103,000 28,541,000 1,307,000 58,733,000
d Grants or scholarships ..... 5,726,137 4,458,144 4,427,242 4,420,686 4,275,410
e Other expenditures for facilities
and programs ........ 		17,225,863 12,753,856 11,739,758 19,892,314 12,487,590
f Administrative expenses ....          
g End of year balance ...... 585,577,000 421,686,000 390,238,000 364,097,000 382,586,000
2
Provide the estimated percentage of the current year end balance (line 1g, column (a)) held as:
a
Board designated or quasi-endowment SchDMd Bullet35.660 %
b
Permanent endowment SchDMd Bullet38.690 %
c
Temporarily restricted endowment SchDMd Bullet25.650 %
The percentages in lines 2a, 2b, and 2c should equal 100%.
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 XIII the intended uses of the organization's endowment funds.
Part VI
Land, Buildings, and Equipment. Complete if the organization answered 'Yes' to Form 990, Part IV, line 11a. See Form 990, Part X, line 10.
Description of property (a) Cost or other basis (investment) (b)Cost or other basis (other) (c) Accumulated depreciation (d) Book value
1a Land .................   101,329,323 101,329,323
b Buildings ................   908,330,699 239,495,477 668,835,222
c Leasehold improvements ............   50,120,291 31,964,328 18,155,963
d Equipment ................   142,548,774 95,650,194 46,898,580
e Other .................   75,368,964 52,437,462 22,931,502
Total. Add lines 1a through 1e. (Column (d) must equal Form 990, Part X, column (B), line 10(c).).......SchDMdBullet 858,150,590
Schedule D (Form 990) 2014

Schedule D (Form 990) 2014
Page 3
Part VII
Investments—Other Securities. Complete if the organization answered 'Yes' to Form 990, Part IV, line 11b. 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    
(3)Other
(A) ALTERNATIVE INVESTMENTS 		70,636,000 F

(B) REAL ESTATE & REAL ASSETS 		38,820,000 F







Total. (Column (b) must equal Form 990, Part X, col. (B) line 12.)Small Bullet 109,456,000
Part VIII
Investments—Program Related. Complete if the organization answered 'Yes' to Form 990, Part IV, line 11c. See Form 990, Part X, line 13.
(a) Description of investment (b) Book value (c) Method of valuation:
Cost or end-of-year market value








Total. (Column (b) must equal Form 990, Part X, col.(B) line 13.)Small Bullet  
Part IX
Other Assets. Complete if the organization answered 'Yes' to Form 990, Part IV, line 11d. See Form 990, Part X, line 15.
(a) Description (b) Book value








Total. (Column (b) must equal Form 990, Part X, col.(B) line 15.)...........Small Bullet  
Part X
Other Liabilities. Complete if the organization answered 'Yes' to Form 990, Part IV, line 11e or 11f. See Form 990, Part X, line 25.
1.(a) Description of liability (b) Book value
Federal income taxes  
DEPOSITS 21,316,159
GOVERNMENT ADVANCES FOR STUDENT LOANS 28,513,334
CAPITAL LEASE, ARMORY 2,803,555






Total. (Column (b) must equal Form 990, Part X, col.(B) line 25.)Small Bullet 52,633,048
2. Liability for uncertain tax positions. In Part XIII, 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 (ASC 740). Check here if the text of the footnote has been provided in Part XIII
Schedule D (Form 990) 2014

Schedule D (Form 990) 2014
Page 4
Part XI Reconciliation of Revenue per Audited Financial Statements With Revenue per Return Complete if the organization answered 'Yes' to Form 990, Part IV, line 12a.
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 (losses) on investments .... 2a  
b Donated services and use of facilities ......... 2b  
c Recoveries of prior year grants ........... 2c  
d Other (Describe in Part XIII.) ............ 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 XIII.) ........... 4b  
c Add lines 4a and 4b....................... 4c  
5 Total revenue. Add lines 3 and 4c. (This must equal Form 990, Part I, line 12.) ...... 5  
Part XII Reconciliation of Expenses per Audited Financial Statements With Expenses per Return. Complete if the organization answered 'Yes' to Form 990, Part IV, line 12a.
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 XIII.) ............ 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 XIII.) ............ 4b  
c Add lines 4a and 4b....................... 4c  
5 Total expenses. Add lines 3 and 4c. (This must equal Form 990, Part I, line 18.) ...... 5  
Part XIII
Supplemental Information
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, line 2; Part XI, lines 2d and 4b; and Part XII, lines 2d and 4b. Also complete this part to provide any additional information.
Return Reference Explanation
PART III, LINE 4: THE DREXEL COLLECTION, FOUNDED BY A.J. DREXEL IN 1892, CONSISTS OF APPROXIMATELY 6,000 WORKS OF ART. THE FOCUS OF THE COLLECTION IS PRIMARILY 19TH CENTURY EUROPEAN ART INCLUDING PAINTINGS, SCULPTURE, PRINTS AND DRAWINGS, PORCELAIN, SILVER AND FURNITURE. THERE ARE ALSO A FEW AMERICAN 19TH CENTURY LANDSCAPE PAINTINGS AND COMMISSIONED PORTRAITS OF LEADERS FROM THE MEDICAL COLLEGE OF PENNSYLVANIA AND HAHNEMANN HOSPITAL AS WELL AS CURRENT DREXEL LEADERS. WE ALSO MAINTAIN THE CORE COLLECTION FROM THE ALMA DEA MORANI GALLERY, WHICH WAS THE FIRST ART GALLERY PART OF A MEDICAL COLLEGE WHEN IT WAS FOUNDED IN 1985 AND ARE CREATING A PUBLIC EXHIBIT OF THESE PIECES ON THE CENTER CITY CAMPUS. ALL OF THESE PIECES ARE USED TO SHOW THE HISTORY OF DREXEL'S MEDICAL COLLEGE AS WELL AS OFFER ACCESS TO CULTURAL ARTIFACTS TO THE STUDENTS. THE DREXEL COLLECTION IS DISPLAYED IN THREE GALLERIES - THE ANTHONY J. DREXEL PICTURE GALLERY, THE RINCLIFFE GALLERY AND THE GALLERY IN THE PAUL PECK ALUMNI CENTER. THE GALLERIES ARE FREE AND OPEN TO THE STUDENTS, FACULTY, STAFF AND THE PUBLIC. OBJECTS FROM THE DREXEL COLLECTION ARE ALSO DISPLAYED THROUGHOUT THE MAIN BUILDING AND UNIVERSITY CITY, CENTER CITY AND QUEEN LANE CAMPUSES. THE DISPLAYS INTERPRET THE ARTWORK TO MAKE THEM MORE RELEVANT TO THE STUDENTS, FACULTY AND STAFF. THE COLLECTION OBJECTS ARE ALSO USED FOR WORKSHOPS AND CLASSES TO DESIGN AND IMPLEMENT PUBLIC EXHIBITIONS, RESEARCH PROJECTS AND PRACTICUMS FOR STUDENTS STUDYING ART MANAGEMENT.
PART V, LINE 4: DREXEL UNIVERSITY HAD AN ENDOWMENT SPENDING RULE THAT LIMITED THE SPENDING OF ENDOWMENT RESOURCES TO 4.75% OF THE AVERAGE MARKET VALUE OF THE POOLED ENDOWMENT PORTFOLIO FOR THE PRIOR SEVEN 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.
PART X, LINE 2: THE UNIVERSITY HAS BEEN GRANTED TAX-EXEMPT STATUS AS A NONPROFIT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND, ACCORDINGLY, FILES FEDERAL TAX FORM 990 (RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX) ANNUALLY. NO PROVISION FOR INCOME TAXES IS REQUIRED IN THE UNIVERSITY FINANCIAL STATEMENTS. HOWEVER, DEL, A FOR-PROFIT SUBSIDIARY OF THE UNIVERSITY, DOES RECORD A PROVISION FOR INCOME TAXES WHICH IS IMMATERIAL TO THE UNIVERSITY'S CONSOLIDATED FINANCIAL STATEMENTS. THE UNIVERSITY FILES U.S. FEDERAL, STATE AND LOCAL INFORMATION RETURNS. THE STATUTE OF LIMITATIONS ON THE UNIVERSITY'S U.S. FEDERAL INFORMATION RETURNS REMAINS OPEN FOR THREE YEARS FOLLOWING THE YEAR THEY ARE FILED. THE UNIVERSITY AND ITS AFFILIATES INCUR ACTIVITIES THAT ARE SUBJECT TO UNRELATED BUSINESS INCOME TAXES FOR WHICH APPROPRIATE INCOME TAX RETURNS ARE FILED (NOTE 16). THE FINANCIAL ACCOUNTING STANDARDS BOARD ("FASB") ISSUED ACCOUNTING STANDARDS CODIFICATION("ASC") 740-10, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, WHICH REQUIRES THAT A TAX POSITION BE RECOGNIZED OR DERECOGNIZED BASED ON A "MORE LIKELY THAN NOT" THRESHOLD. THE UNIVERSITY DOES NOT BELIEVE THERE ARE ANY UNCERTAIN TAX POSITIONS.
Schedule D (Form 990) 2014

Additional Data


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SCHEDULE E(Form 990 or 990-EZ)
Department of the Treasury
Internal 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.
Right pointing arrow large image Information about Schedule E (Form 990 or 990-EZ) and its instructions is at www.irs.gov/form990.
OMB No. 1545-0047 2014Open 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 or Form 990-EZ.
Cat. No. 50085D
Schedule E (Form 990 or 990-EZ) (2014)
Schedule E (Form 990 or 990EZ) (2014)
Page 2
Part II
Supplemental Information. Provide the explanations required by Part I, lines 3, 4d, 5h, 6b, and 7, as applicable. Also provide any other additional information (see instructions).
Return Reference Explanation
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.
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.
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. THE UNIVERSITY RECEIVES FUNDS FROM VARIOUS FEDERAL AND STATE GOVERNMENTAL AGENCIES FOR SPONSORED RESEARCH AND OTHER PROJECT GRANTS, INCLUDING NSF AND HHS. APPROPRIATIONS ARE RECEIVED FROM THE COMMONWEALTH OF PENNSYLVANIA FOR THE MD PROGRAM, GENERAL MAINTENANCE OF THE COLLEGE, STUDENT AID, MINORITY EDUCATION AND RECRUITMENT, PEDIATRIC SERVICES AND OTHER OPERATING EXPENSES THAT FURTHER OUR MISSION AND OBJECTIVES OF EDUCATION AND RESEARCH.
Schedule E (Form 990 or 990-EZ) (2014)
Additional Data


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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 Information about Schedule F (Form 990) and its instructions is at www.irs.gov/form990.
OMB No. 1545-0047
2014
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 its grants
and other 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 its grants and other assistance outside the United States.
3
Activites per Region. (The following Part I, line 3 table can be duplicated if additional space is needed.)
(a) Region (b) Number of offices in the region (c) Number of employees, agents, and independent contractors in region (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 and investments
in region
EUROPE 0 0 PROGRAM SERVICES ATHLETICS 17,061
NORTH AMERICA 0 0 PROGRAM SERVICES ATHLETICS 597
EUROPE 0 0 BUSINESS   1,617
EUROPE 0 0 FUNDRAISING   2,197
EAST ASIA AND THE PACIFIC 0 0 FUNDRAISING   11,734
SOUTH ASIA 0 0 FUNDRAISING   1,589
SOUTH ASIA 0 0 PROGRAM SERVICES CONFERENCES/TRAVEL 23,472
EUROPE 0 0 PROGRAM SERVICES CONFERENCES/TRAVEL 190,084
EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES CONFERENCES/TRAVEL 70,229
SOUTH AMERICA 0 0 PROGRAM SERVICES CONFERENCES/TRAVEL 3,587
SUB-SAHARAN AFRICA 0 0 PROGRAM SERVICES CONFERENCES/TRAVEL 6,549
CENTRAL AMERICA 0 0 PROGRAM SERVICES CONFERENCES/TRAVEL 11,063
RUSSIA 0 0 PROGRAM SERVICES CONFERENCES/TRAVEL 1,666
MIDDLE EAST & NORTH AFRICA 0 0 PROGRAM SERVICES CONFERENCES/TRAVEL 5,736
SOUTH ASIA 0 0 PROGRAM SERVICES RECRUITING 34,914
EUROPE 0 0 PROGRAM SERVICES RECRUITING 10,259
EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES RECRUITING 153,747
SOUTH AMERICA 0 0 PROGRAM SERVICES RECRUITING 12,897
NORTH AMERICA 0 0 PROGRAM SERVICES RECRUITING 6,623
SUB-SAHARAN AFRICA 0 0 PROGRAM SERVICES RECRUITING 5,947
CENTRAL AMERICA 0 0 PROGRAM SERVICES RECRUITING 1,020
MIDDLE EAST & NORTH AFRICA 0 0 PROGRAM SERVICES RECRUITING 9,453
SOUTH ASIA 0 0 PROGRAM SERVICES RESEARCH 4,143
EUROPE 0 0 PROGRAM SERVICES RESEARCH 97,837
EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES RESEARCH 38,614
SOUTH AMERICA 0 0 PROGRAM SERVICES RESEARCH 6,396
NORTH AMERICA 0 0 PROGRAM SERVICES RESEARCH 20,639
SUB-SAHARAN AFRICA 0 0 PROGRAM SERVICES RESEARCH 7,762
CENTRAL AMERICA 0 0 PROGRAM SERVICES RESEARCH 7,562
MIDDLE EAST & NORTH AFRICA 0 0 PROGRAM SERVICES RESEARCH 2,618
EUROPE 0 0 PROGRAM SERVICES STUDY ABROAD 795,444
EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES STUDY ABROAD 6,660
EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES ATHLETICS 808
CENTRAL AMERICA 0 0 PROGRAM SERVICES STUDY ABROAD 21,810
NORTH AMERICA 0 0 PROGRAM SERVICES CONFERENCES/TRAVEL 52,230
RUSSIA 0 0 PROGRAM SERVICES RECRUITING 2,213
NORTH AMERICA 0 0 PROGRAM SERVICES STUDY ABROAD 58,340
EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES STUDY ABROAD 11,047
SOUTH AMERICA 0 0 BUSINESS   1,532
CENTRAL AMERICA AND THE CARIBBEAN 0 0 PROGRAM SERVICES ATHLETICS 9,499
NORTH AMERICA 0 0 BUSINESS   1,630
3a Sub-total ..... 0 0 248,351
b Total from continuation sheets to Part I ... 0 0 1,480,474
c Totals (add lines 3a and 3b) 0 0 1,728,825
For Paperwork Reduction Act Notice, see the Instructions for Form 990.Cat. No. 50082W Schedule F (Form 990) 2014
Schedule F (Form 990) 2014
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. Part II can be duplicated if additional space is needed.
1 (a) Name of organization (b) IRS code section
and EIN (if applicable)		 (a)(c) Region (b)(d) Purpose of
grant 		(e) Amount of
cash grant 		(f) Manner of
cash
disbursement 		(g) Amount
of non-cash
assistance 		(h) Description
of non-cash
assistance 		(i) Method of
valuation
(book, FMV,
appraisal, other)
EUROPE RESEARCH 451,440 WIRE/CHECK      
MIDDLE EAST AND NORTH AFRICA RESEARCH 10,000 CHECK      
SOUTH ASIA RESEARCH 39,798 WIRE      
EAST ASIA AND THE PACIFIC RESEARCH 415,758 WIRE/CHECK      
NORTH AMERICA RESEARCH 6,338 CHECK      
SUB-SAHARAN AFRICA RESEARCH 10,918 WIRE      
             
             
             
             
             
             
             
             
             
             
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
7
3
Enter total number of other organizations or entities .......................MediumBullet
2
Schedule F (Form 990) 2014
Schedule F (Form 990) 2014Page 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.
Part III can be duplicated 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 64 867,763 CREDIT TO STUDENT ACCOUNTS 0    
SCHOLARSHIPS EAST ASIA AND THE PACIFIC 1,558 17,904,186 CREDIT TO STUDENT ACCOUNTS 0    
SCHOLARSHIPS EUROPE 249 4,824,407 CREDIT TO STUDENT ACCOUNTS 0    
SCHOLARSHIPS MIDDLE EAST AND NORTH AFRICA 134 1,807,179 CREDIT TO STUDENT ACCOUNTS 0    
SCHOLARSHIPS NORTH AMERICA 74 1,331,830 CREDIT TO STUDENT ACCOUNTS 0    
SCHOLARSHIPS RUSSIA AND NEWLY INDEPENDENT STATES 64 1,122,748 CREDIT TO STUDENT ACCOUNTS 0    
SCHOLARSHIPS SOUTH AMERICA 105 2,012,931 CREDIT TO STUDENT ACCOUNTS 0    
SCHOLARSHIPS SOUTH ASIA 558 7,266,362 CREDIT TO STUDENT ACCOUNTS 0    
SCHOLARSHIPS SUB-SAHARAN AFRICA 184 2,827,186 CREDIT TO STUDENT ACCOUNTS 0    
STUDENT AWARD EUROPE 1 1,250 WIRE 0    
               
               
               
               
               
               
               
               
Schedule F (Form 990) 2014
Schedule F (Form 990) 2014
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, Return by a U.S. Transferor of Property to a Foreign Corporation (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, Annual Return to Report Transactions with Foreign Trusts and Receipt of Certain Foreign Gifts, and/or Form 3520-A, Annual Information Return of Foreign Trust With a U.S. Owner (see Instructions for Forms 3520 and 3520-A; do not file with Form 990)............................
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, Information 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; do not file with Form 990).....................................
Schedule F (Form 990) 2014
Schedule F (Form 990) 2014
Page 5
Part V
Supplemental Information
Provide the information required by Part I, line 2 (monitoring of funds); Part I, line 3, column (f) (accounting method; amounts of investments vs. expenditures per region); Part II, line 1 (accounting method); Part III (accounting method); and Part III, column (c) (estimated number of recipients), as applicable. Also complete this part to provide any additional information (see instructions).
ReturnReference Explanation
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) 2014
Additional Data


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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 arrowAttach to Form 990 or Form 990-EZ.
right arrowInformation about Schedule G (Form 990 or 990-EZ) and its instructions is at www.irs.gov/form990.
OMB No. 1545-0047
2014
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. Form 990-EZ
filers are not required to complete this part.
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.
(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 		PHONE AND EMAIL SOLICITATION   No 219,661 187,686 31,975
             
             
             
             
             
             
             
             
             
Total .................right arrow 219,661 187,686 31,975
3
List all states in which the organization is registered or licensed to solicit contributions 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 Paperwork Reduction Act Notice, see the Instructions for Form 990or 990-EZ.
Cat. No. 50083H
Schedule G (Form 990 or 990-EZ) 2014
Schedule G (Form 990 or 990-EZ) 2014
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 of fundraising event contributions and gross income on Form 990-EZ, lines 1 and 6b. List events with gross receipts greater than $5,000.
(a) Event #1

IWHL - WOMEN ONE EVENT
(event type) 		(b) Event #2

BLOY-2015 GERRY LENFEST
(event type) 		(c) Other events

10
(total number) 		(d) Total events
(add col. (a) through col. (c))
VerticalRevenue 1 Gross receipts . . . 417,466 363,650 693,977 1,475,093
2 Less: Contributions . . 405,921 331,005 502,715 1,239,641
3 Gross income (line 1
minus line 2) . . . 		11,545 32,645 191,262 235,452
VerticalDirectExpenses 4 Cash prizes . . .        
5 Noncash prizes . .     7,797 7,797
6 Rent/facility costs . .     29,048 29,048
7 Food and beverages . 22,817 24,861 141,843 189,521
8 Entertainment . . . 2,518   71,417 73,935
9 Other direct expenses . 14,486 72,442 169,980 256,908
10 Direct expense summary. Add lines 4 through 9 in column (d) ........... right arrow 557,209
11 Net income summary. Subtract line 10 from line 3, column (d)........... right arrow -321,757
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. Subtract line 7 from line 1, column (d) ......... right arrow  
9
Enter the state(s) in which the organization conducts gaming activities:
a
Is the organization licensed to conduct 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:
 
Schedule G (Form 990 or 990-EZ) 2014
Schedule G (Form 990 or 990-EZ) 2014
Page 3
11
Does the organization conduct 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? ..........................
13
Indicate the percentage of gaming activities conducted in:
a
The organization's facility ......................
13a
%
b
An outside facility ........................
13b
%
14
Enter 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 of the third party:
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
Supplemental Information. Provide the explanations required by Part I, line 2b, columns (iii) and (v), and Part III, lines 9, 9b, 10b, 15b, 15c, 16, and 17b, as applicable. Also provide any additional information (see instructions).
Return Reference Explanation
Schedule G (Form 990 or 990-EZ) 2014
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.
lBullet Information about Schedule I (Form 990) and its instructions is at www.irs.gov/form990.
OMB No. 1545-0047
2014
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 Domestic Organizations and Domestic Governments. Complete if the organization answered "Yes" to
Form 990, Part IV, line 21, for any recipient that received more than $5,000. Part II can be duplicated if additional space is needed.
(a) Name and address of organization
or government		 (b) EIN (c) IRC 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) ALBERT EINSTEIN COLLEGE OF MEDICINE
5501 OLD YORK RD
PHILADELPHIA,PA19141 		23-2290323 501(C)(3) 81,985       RESEARCH
(2) CASE WESTERN RESERVE UNIVERSITY
10900 EUCLID AVENUE
CLEVELAND,OH441067006 		34-1018992 501(C)(3) 260,851       RESEARCH
(3) CHEYNEY UNIVERSITY
1837 UNIVERSITY CIRCLE
CHEYNEY,PA19319 		23-2478688 501(C)(3) 27,622       RESEARCH
(4) CHILDRENS HOSPITAL OF PHILADELPHIA
34TH STREET CIVIC CENTER BLVD
PHILADELPHIA,PA19104 		23-1352166 501(C)(3) 269,091       RESEARCH
(5) COALITION OF NATIONAL CANCER COOPERATIVE
1818 MARKET STREET SUITE 1100
PHILADELPHIA,PA19103 		23-2935628 501(C)(3) 38,366       RESEARCH
(6) COLUMBIA UNIVERSITY
615 WEST 131ST STREET 3RD FLOOR
NEW YORK,NY10027 		13-5598093 501(C)(3) 339,124       RESEARCH
(7) COMMUNITY COLLEGE OF PHILADELPHIA
1700 SPRING GARDEN STREET
PHILADELPHIA,PA19130 		23-2612698 501(C)(3) 16,210       RESEARCH
(8) DANA-FARBER CANCER INSTITUTE
44 BINNEY STREET BP414
BOSTON,MA02115 		04-2263040 501(C)(3) 287,750       RESEARCH
(9) DELAWARE STATE UNIVERSITY
1200 N DUPONT HIGHWAY
DOVER,DE19901 		51-0305893 501(C)(3) 22,495       RESEARCH
(10) GEORGIA TECH RESEARCH CORP
711 MARIETTA STREET
ATLANTA,GA30318 		58-6002023 STATE OF GEORGIA 18,479       RESEARCH
(11) JOHNS HOPKINS UNIVERSITY
8013 CORPORATE DRIVE SUITE D
BALTIMORE,MD21236 		52-0595110 501(C)(3) 364,825       RESEARCH
(12) KAISER FOUNDATION RESEARCH INSTITUTE
1800 HARRISON STREET 16TH FLOOR
OAKLAND,CA94612 		94-1105628 501(C)(3) 133,658       RESEARCH
(13) NEW JERSEY INSTITUTE OF TECHNOLOGY
2000 PENNINGTON ROAD
EWING,NJ086280718 		22-2797398 501(C)(3) 323,134       RESEARCH
(14) REGENTS OF UNIVERSITY OF CALIFORNIA
ONE SHIELDS AVENUE
DAVIS,CA95616 		94-6036494 501(C)(3) 373,479       RESEARCH
(15) SWARTHMORE COLLEGE
500 COLLEGE AVENUE
SWARTHMORE,PA19081 		23-1352683 501(C)(3) 41,816       RESEARCH
(16) TEMPLE UNIVERSITY
1805 N BROAD STREET
PHILADELPHIA,PA19122 		23-1365971 501(C)(3) 293,336       RESEARCH
(17) THOMAS JEFFERSON UNIVERSITY
1020 WALNUT STREET
PHILADELPHIA,PA19107 		23-1352651 501(C)(3) 26,297       RESEARCH
(18) TRUSTEES OF UNIVERSITY OF PENNSYLVANIA
3451 WALNUT STREET
PHILADELPHIA,PA19104 		23-1352685 501(C)(3) 1,134,311       RESEARCH
(19) REGENERATIVE RESEARCH FOUNDATION
ONE DISCOVERY DRIVE
RENSSELAER,NY12144 		20-3654626 501(C)(3) 229,776       RESEARCH
(20) UNIVERSITY OF CHICAGO
5801 S ELLIS AVENUE
CHICAGO,IL60637 		36-2177139 501(C)(3) 51,349       RESEARCH
(21) UNIVERSITY OF DELAWARE
222 SOUTH CHAPEL STREET
NEWARK,DE19716 		51-6000297 501(C)(3) 145,873       RESEARCH
(22) UNIVERSITY OF ILLINOIS
506 S WRIGHT 209 HAB MC339
URBANA,IL61801 		37-6000511 501(C)(3) 165,405       RESEARCH
(23) UNIVERSITY OF PITTSBURGH
116 ATWOOD STREET SUITE 201
PITTSBURGH,PA15260 		25-0965591 501(C)(3) 47,803       RESEARCH
(24) UNIVERSITY OF TENNESSEE
301 ANDY HOLT TOWER
KNOXVILLE,TN379960100 		62-6001636 501(C)(3) 41,202       RESEARCH
(25) UNIVERSITY OF TEXAS HEALTH SCIENCE CENTER AT TYLER
11937 US HIGHWAY 271
TYLER,TX757083154 		75-6001354 501(C)(3) 153,763       RESEARCH
(26) UNIVERSITY OF WASHINGTON
3903 BROOKLYN AVENUE NE
SEATTLE,WA981056694 		91-6001537 501(C)(3) 34,004       RESEARCH
(27) WEST TEXAS A & M UNIVERSITY
WT BOX 60999
CANYON,TX79016 		75-6031405 501(C)(3) 15,040       RESEARCH
(28) TT GOVERNMENT SOLUTIONS INC
150 MOUNT AIRY ROAD
BASKING RIDGE,NJ07920 		45-2826612   310,029       RESEARCH
(29) SCIENTIFIC RESEARCH CORP
2300 WINDY RIDGE PARKWAY SUITE 400
SOUTH
ATLANTA,GA30339 		76-0255801   725,065       RESEARCH
(30) RESEARCH FOUNDATION FOR MENTAL HYGIENE INC
150 BROADWAY NO 301
MENANDS,NY12204 		14-1410842 501(C)(3) 167,370       RESEARCH
(31) NEUROPSYCHIATRIC RESEARCH INSTITUTE
700 FIRST AVENUE SOUTH
FARGO,ND58103 		45-0274828 501(C)(3) 5,120       RESEARCH
(32) NEW YORK UNIVERSITY
105 E 17TH STREET - 4TH FLOOR
NEW YORK,NY10003 		13-5562308 501(C)(3) 95,324       RESEARCH
(33) INOVIO PHARMACEUTICALS
1787 SENTRY PKY BLDG 18 SUITE 400
BLUE BELL,PA19422 		33-0969592   167,503       RESEARCH
(34) BATTELLE MEMORIAL INSTITUTE
505 KING AVENUE
COLUMBUS,OH43201 		31-4379427 501(C)(3) 139,024       RESEARCH
(35) PENNSYLVANIA STATE UNIVERSITY
408 OLD MAIN
UNIVERSITY PARK,PA16802 		24-6000376 115 44,052       RESEARCH
(36) ARTSTOR INC
151 EAST 61ST STREET
NEW YORK,NY10065 		30-0152767 501(C)(3) 13,912       RESEARCH
(37) EDESIGN DYNAMICS
338 WEST 39TH STREET 10TH FLOOR
NEW YORK,NY10018 		45-0511045   211,572       RESEARCH
(38) FRONTIER SCIENCE & TECH RESEARCH FOUNDATION
900 COMMONWEALTH AVENUE
BOSTON,MA02215 		16-1056814 501(C)(3) 864,314       RESEARCH
(39) KENNEDY KRIEGER INSTITUTE INC
707 N BROADWAY
BALTIMORE,MD21205 		52-1524965 501(C)(3) 28,050       RESEARCH
(40) OHIO STATE UNIVERSITY
1960 KENNY ROAD
COLUMBUS,OH43210 		31-6025986   66,726       RESEARCH
(41) PRESIDENT AND FELLOWS OF HARVARD CO
1033 MASSACHUSETTS AVENUE THRID
FLOOR
CAMBRIDGE,MA02138 		04-2103580 501(C)(3) 123,599       RESEARCH
(42) PURDUE UNIVERSITY
401 S GRANT STREET
WEST LAFAYETTE,IN47907 		35-6002041 501(C)(3) 43,080       RESEARCH
(43) RENSSELAER POLYTECHNIC INST
110 EIGHTH STREET
TROY,NY12180 		14-1340095 501(C)(3) 6,829       RESEARCH
(44) RESEARCH FOUNDATION OF SUNY
PO BOX 9
ALBANY,NY12201 		14-1368361 501(C)(3) 102,713       RESEARCH
(45) SINAI HOSPITAL OF BALTIMORE INC
2401 WEST BELVEDERE AVENUE
BALTIMORE,MD21215 		52-0486540 501(C)(3) 25,000       RESEARCH
(46) TENNESSEE ORTHOPAEDIC FOUNDATION
PO BOX 30974
KNOXVILLE,TN37930 		26-4245045 501(C)(3) 17,000       RESEARCH
(47) UNIVERSITY OF CONNECTICUT
2390 ALUMNI DRIVE
STORRS,CT06269 		06-6070722 501(C)(3) 292,337       RESEARCH
(48) HARTZBAND CENTER FOR HIP & KNEE REPLACEMENT LLC
10 FOREST AVENUE
PARAMUS,NJ07652 		16-1635466   42,083       RESEARCH
(49) INDIANA UNIVERSITY
PO BOX 500
BLOOMINGTON,IN47402 		35-6018940 501(C)(3) 42,910       RESEARCH
(50) J COMPUTING INC
276 W SCHWAB AVE
HOMESTEAD,PA15120 		80-0599027   134,407       RESEARCH
(51) MADISON AREA TECHNICAL COLLEGE
1701 WRIGHT STREET
MADISON,WI53704 		23-7265867 501(C)(3) 11,393       RESEARCH
(52) MIRIAM HOSPITAL
164 SUMMIT AVENUE
PROVIDENCE,RI02906 		05-0258905 501(C)(3) 18,667       RESEARCH
(53) DARTMOUTH COLLEGE
7 LEBANON STREET SUITE 302 NO 6015
HANOVER,NH03755 		02-0222111 501(C)(3) 15,601       RESEARCH
(54) AMERICAN COLLEGE OF RADIOLOGY
1891 PRESTON WHITE DRIVE
RESTON,VA20191 		36-2261602 501(C)(3) 235,015       RESEARCH
(55) BROWN UNIVERSITY
CONTROLLERS OFFICE BOX J
PROVIDENCE,RI02912 		05-0258809 501(C)(3) 151,980       RESEARCH
(56) ICAHN SCHOOL OF MEDICINE AT MOUNT SINAI
ONE GUSTAVE L LEVY PLACE
NEW YORK,NY10029 		13-6171197 501(C)(3) 38,163       RESEARCH
(57) LANKENAU INSTITUTE FOR MEDICAL RESEARCH
100 LANCASTER AVENUE
WYNNEWOOD,PA19096 		23-2175659 501(C)(3) 17,154       RESEARCH
(58) LINCOLN UNIVERSITY
1570 BALTIMORE PIKE PO BOX 179
LINCOLN UNIVERSITY,PA19352 		23-1352655 501(C)(3) 22,114       RESEARCH
(59) PHILHAVEN
283 SOUTH BUTLER ROAD PO BOX 550
MOUNT GRETNA,PA17064 		23-1548822 501(C)(3) 66,985       RESEARCH
(60) RESEARCH FOR BETTER SCHOOLS INC
123 S BROAD STREET NO 1860
PHILADELPHIA,PA19109 		23-6411869 501(C)(3) 102,195       RESEARCH
(61) SPECIAL PEOPLE IN NORTHEAST INC
10521 DRUMMOND ROAD
PHILADELPHIA,PA19154 		23-1742920 501(C)(3) 77,492       RESEARCH
(62) UNIVERSITY OF WYOMING
1000 E UNIVERSITY AVE
LARAMIE,WY82071 		83-6000331 501(C)(3) 15,343       RESEARCH
(63) UNIVERSITY OF MIAMI
PO BOX 248106
CORAL GABLES,FL33124 		59-0624458 501(C)(3) 37,193       RESEARCH
(64) UNIVERSITY OF OKLAHOMA
201 STEPHENSON PARKWAY
NORMAN,OK73019 		73-6017987 115 57,711       RESEARCH
(65) UNIVERSITY OF SOUTH CAROLINA
1600 HAMPTON STREET SUITE 613
COLUMBIA,SC29208 		57-6001153 115 165,201       RESEARCH
(66) VANDERBILT UNIVERSITY
PMB 406310 2301 VANDERBILT PLACE
NASHVILLE,TN37240 		62-0476822 501(C)(3) 56,508       RESEARCH
(67) VISION FOR EQUALITY INC
718 ARCH STREET 6TH FLOOR NORTH
PHILADELPHIA,PA19106 		23-2891928 501(C)(3) 15,000       RESEARCH
(68) YALE UNIVERSITY
PO BOX 208239
NEW HAVEN,CT06520 		06-0646973 501(C)(3) 353,424       RESEARCH
(69) SABRE SYSTEMS INC
PO BOX 3417
WARMINSTER,PA18974 		23-2548886   91,995       RESEARCH
(70) CHILDREN'S HOSPITAL LOS ANGELES
4650 SUNSET BOULEVARD
LOS ANGELES,CA90027 		95-1690977 501(C)(3) 69,414       RESEARCH
(71) SMARTSENSYS LLC
3210 COUNTRYBEND LN
CHAMPAIGN,IL61822 		46-3098202 501(C)(3) 50,389       RESEARCH
(72) AJINOMOTO ALTHEA INC
11040 ROSELLE ST
SAN DIEGO,CA92121 		33-0788907   5,300       RESEARCH
(73) ARCADIA UNIVERSITY
450 S EASTON ROAD
GLENSIDE,PA19038 		23-1352620 501(C)(3) 23,370       RESEARCH
(74) BELLEROPHON MOBILE LLC
1906 KIMBALL ST
PHILADELPHIA,PA19146 		46-1699834   149,995       RESEARCH
(75) BARUCH S BLUMBERG INSTITUTE
3805 OLD EASTON RD
DOYLESTOWN,PA18902 		06-1671347 501(C)(3) 247,390       RESEARCH
(76) BOARD OF REGENTS OF THE UNIVERSITY OF OKLAHOMA
660 PARRINGTON OVAL
NORMAN,OK73019 		73-6017987 501(C)(3) 33,646       RESEARCH
(77) BRONX RIVER ALLIANCE INC
1 BRONX RIVER PARKWAY
BRONX,NY10462 		75-3001587 501(C)(3) 22,000       RESEARCH
(78) THE COOPER UNION FOR THE ADVANCEMENT OF SCIENCE & ART
30 COOPER SQUARE 7TH FLOOR
NEW YORK,NY10003 		13-5562985 501(C)(3) 20,000       RESEARCH
(79) CURATORS OF THE UNIVERSITY OF MISSOURI
118 UNIVERSITY HALL
COLUMBIA,MO65211 		26-6440629 501(C)(3) 17,341       RESEARCHCURATORS OF THE UNIVERSITY OF MISSO
(80) ENTERPRISE CENTER
4548 MARKET STREET
PHILADELPHIA,PA19139 		23-2575901 501(C)(3) 7,500       RESEARCH
(81) ENVIRONMENTAL FUEL RESEARCH LLC
102 QUAINT RD
MEDIA,PA19063 		46-3346685   12,218       RESEARCH
(82) FUJIFILM DIOSYNTH BIOTECHNOLOGIES USA INC
101 J MORRIS COMMONS LANE
MORRISVILLE,NC27560 		13-2550352   37,200       RESEARCH
(83) GENEVA FOUNDATION
917 PACIFIC AVE SUITE 600
TACOMA,WA98402 		91-1593913 501(C)(3) 116,080       RESEARCH
(84) THE GEORGE WASHINGTON UNIVERSITY
45155 RESEARCH PLACE SUITE 260
ASHBURN,VA20147 		53-0196584 501(C)(3) 18,108       RESEARCH
(85) GEORGIA STATE UNIVERSITY RESEARCH FOUNDATION INC
PO BOX 3999
ATLANTA,GA30302 		58-1845423 501(C)(3) 19,587       RESEARCH
(86) HEALTH FEDERATION OF PHILADELPHIA
1211 CHESTNUT STREET SUITE 801
PHILADELPHIA,PA19107 		23-2244355 501(C)(3) 22,422       RESEARCH
(87) HORIZON HOUSE INC
1033 E WASHINGTON STREET
INDIANAPOLIS,IN46202 		35-1759503 501(C)(3) 15,147       RESEARCH
(88) THE JACKSON LABORATORY
600 MAIN STREET
BAR HARBOR,ME04609 		01-0211513 501(C)(3) 46,288       RESEARCH
(89) NATIONAL JEWISH HEALTH
1400 JACKSON STREET
DENVER,CO80206 		74-2044647 501(C)(3) 11,814       RESEARCH
(90) THE PHILADELPHIA EDUCATION FUND
1709 BENJAMIN FRANKLIN PARKWAY
PHILADELPHIA,PA19103 		22-2567982 501(C)(3) 93,691       RESEARCH
(91) PPG INDUSTRIES INC
ONE PPG PLACE
PITTSBURGH,PA15272 		25-0730780   52,228       RESEARCH
(92) UNIVERSITY OF MICHIGAN
3003 S STATE ST RM 1054
ANN ARBOR,MI48109 		38-6006309 501(C)(3) 357,410       RESEARCH
(93) SALK INSTITUTE FOR BIOLOGICAL STUDIES
10010 N TORREY PINES ROAD
LA JOLLA,CA92037 		95-2160097 501(C)(3) 86,438       RESEARCH
(94) SUSAN G KOMEN PHILADELPHIA
125 S 9TH ST SUITE 202
PHILADELPHIA,PA19107 		75-2949264 501(C)(3) 5,900       RESEARCH
(95) UNIVERSITY OF NEBRASKA AT OMAHA
985100 NEBRASKA MEDICAL CENTER
OMAHA,NE68198 		47-0049123 501(C)(3) 13,997       RESEARCH
(96) UNIVERSITY OF NEVADA
MAIL STOP 0124
RENO,NV89557 		88-6000024 501(C)(3) 210,721       RESEARCH
(97) UNIVERSITY OF ROCHESTER
910 GENESEE STREET
ROCHESTER,NY14611 		16-0743209 501(C)(3) 18,420       RESEARCH
(98) UNIVERSITY OF VERMONT AND STATE AGRICULTURAL COLLEGE
85 SO PROSPECT STREET
BURLINGTON,VT05405 		03-0179440 501(C)(3) 109,892       RESEARCH
(99) US DEPT OF AGRICULTURE
PO BOX 979043
ST LOUIS,MO63197 		41-0696271   28,031       RESEARCH
(100) WASHINGTON UNIVERSITY
700 ROSEDALE AVENUE CAMPUS BOX 103
SAINT LOUIS,MO63112 		43-0653611 501(C)(3) 16,200       RESEARCH
(101) TEXAS A & M UNIVERSITY
401 GEORGE BUSH DRIVE
COLLEGE STATION,TX77840 		74-6000531 115 33,190       RESEARCH
(102) ZOOLOGICAL SOCIETY OF SAN DIEGO
PO BOX 120551
SAN DIEGO,CA92112 		95-1648219 501(C)(3) 13,125       RESEARCH
(103) DUKE UNIVERSITY
324 BLACKWELL ST WASHINGTON BLDG NO
850
DURHAM,NC27701 		56-0532129 501(C)(3) 10,000       AWARD
(104) PENN STATE HERSHEY MEDICAL CENTER
600 CENTERVIEW DR
HERSHEY,PA17033 		25-1854772 501(C)(3) 10,000       AWARD
(105) EVENTUOSITY LLC
3220 MARKET STREET SUITE 369
PHILADELPHIA,PA19104 		  13,000       AWARD
(106) SCHOLLY INC
3220 MARKET STREET SUITE 369
PHILADELPHIA,PA19104 		  33,000       AWARD
2
Enter total number of section 501(c)(3) and government organizations listed in the line 1 table ................ Bullet Image
85
3
Enter total number of other organizations listed in the line 1 table ........................ . Bullet Image
21
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50055P
Schedule I (Form 990) 2014

Schedule I (Form 990) 2014
Page 2
Part III
Grants and Other Assistance to Domestic Individuals. Complete if the organization answered "Yes" to Form 990, Part IV, line 22.
Part III can be duplicated 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 19346 232,064,653      
(2) AWARDS 208 231,923      










Part IV
Supplemental Information. Provide the information required in Part I, line 2, Part III, column (b), and any other additional information.
Return Reference Explanation
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) 2014


Additional Data


Software ID:  
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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, line 23.
SchJMediumBullet Attach to Form 990.
SchJMediumBullet Information about Schedule J (Form 990) and its instructions is at www.irs.gov/form990.
OMB No. 1545-0047
2014
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 or provision of all of 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
directors, trustees, officers, including the CEO/Executive Director, regarding the items checked in line 1a? ..
2
Yes
 
3
Indicate which, if any, of the following the filing organization used to establish the compensation of the
organization's CEO/Executive Director. Check all that apply. Do not check any boxes for methods
used by a related organization to establish compensation of the CEO/Executive Director, but explain in Part III.
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), 501(c)(4), and 501(c)(29) organizations 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
Yes
 
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 Regulations 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 Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50053T
Schedule J (Form 990) 2014

Schedule J (Form 990) 2014
Page 2
Part II
Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees. Use duplicate copies if additional space is 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) for each listed individual must equal the total amount of Form 990, Part VII, Section A, line 1a, applicable column (D) and (E) amounts for that individual.
(A) Name and Title (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 in column(B) reported as deferred in prior Form 990
(i) Base compensation (ii) Bonus & incentive compensation (iii) Other reportable compensation
1JOHN A FRYPRESIDENT (i)
(ii)		 802,218
...............................
0 		225,000
...............................
0 		240,000
...............................
0 		224,276
...............................
0 		17,412
...............................
0 		1,508,906
...............................
0 		0
...............................
0
2MICHAEL J EXLER ESQSECRETARY (i)
(ii)		 338,711
...............................
0 		66,000
...............................
0 		0
...............................
0 		28,600
...............................
0 		17,340
...............................
0 		450,651
...............................
0 		0
...............................
0
3HELEN BOWMANEXECUTIVE VP/TREASURER/COO (i)
(ii)		 471,692
...............................
0 		100,000
...............................
0 		0
...............................
0 		23,400
...............................
0 		17,340
...............................
0 		612,432
...............................
0 		0
...............................
0
4MARK GREENBERGPROVOST (i)
(ii)		 542,572
...............................
0 		60,000
...............................
0 		0
...............................
0 		28,600
...............................
0 		17,340
...............................
0 		648,512
...............................
0 		0
...............................
0
5JAMES TUCKERSVP ADMININSTRATION & BUSINESS SERVI (i)
(ii)		 385,238
...............................
0 		80,000
...............................
0 		0
...............................
0 		28,600
...............................
0 		696
...............................
0 		494,534
...............................
0 		0
...............................
0
6DONNA MURASKO PHDDEAN-SCHOOL OF ARTS & SCIE (i)
(ii)		 344,381
...............................
0 		0
...............................
0 		0
...............................
0 		28,600
...............................
0 		17,340
...............................
0 		390,321
...............................
0 		0
...............................
0
7BRIAN KEECHSVP GOVERNMENT & COMMUNITY RELATIONS (i)
(ii)		 243,276
...............................
0 		20,000
...............................
0 		0
...............................
0 		23,400
...............................
0 		17,319
...............................
0 		303,995
...............................
0 		0
...............................
0
8LORI DOYLESVP UNIVERSITY COMMUNICATI (i)
(ii)		 399,079
...............................
0 		55,000
...............................
0 		0
...............................
0 		28,600
...............................
0 		17,308
...............................
0 		499,987
...............................
0 		0
...............................
0
9JOSEPH B HUGHESDEAN-COLLEGE OF ENGINEERIN (i)
(ii)		 343,052
...............................
0 		30,000
...............................
0 		0
...............................
0 		23,400
...............................
0 		17,356
...............................
0 		413,808
...............................
0 		0
...............................
0
10KEITH A ORRISSVP CORPORATE RELATIONS & ECONOMIC D (i)
(ii)		 354,262
...............................
0 		65,000
...............................
0 		4,002
...............................
0 		28,600
...............................
0 		13,510
...............................
0 		465,374
...............................
0 		0
...............................
0
11DANIEL SCHIDLOWDEAN AND SVP, MEDICAL AFFAIRS (i)
(ii)		 610,973
...............................
0 		75,000
...............................
0 		0
...............................
0 		28,600
...............................
0 		1,313
...............................
0 		715,886
...............................
0 		0
...............................
0
12JAMES HERBERTINTERIM PROVOST (i)
(ii)		 268,675
...............................
0 		0
...............................
0 		0
...............................
0 		28,600
...............................
0 		17,139
...............................
0 		314,414
...............................
0 		0
...............................
0
13SUSAN ALDRIDGESVP, ONLINE LEARNING AND PRESIDENT D (i)
(ii)		 355,933
...............................
0 		100,000
...............................
0 		43,033
...............................
0 		28,600
...............................
0 		8,802
...............................
0 		536,368
...............................
0 		0
...............................
0
14RANDALL DEIKESVP, ENROLLMENT MGMT & STUDENT SUCCE (i)
(ii)		 202,951
...............................
0 		50,000
...............................
0 		0
...............................
0 		0
...............................
0 		3,819
...............................
0 		256,770
...............................
0 		0
...............................
0
15PETER FRISKOINTERIM SVP, INSTITUTIONAL ADVANCEME (i)
(ii)		 319,035
...............................
0 		40,000
...............................
0 		0
...............................
0 		23,400
...............................
0 		8,802
...............................
0 		391,237
...............................
0 		0
...............................
0
16D SCOTT LINDCHAIRMAN OF THE DEPARTMENT OF SURGER (i)
(ii)		 506,114
...............................
0 		37,500
...............................
0 		0
...............................
0 		28,600
...............................
0 		16,620
...............................
0 		588,834
...............................
0 		0
...............................
0
17OWEN MONTGOMERYCHAIR, OBSTETRICS AND GYNECOLOGY DEP (i)
(ii)		 473,692
...............................
0 		45,000
...............................
0 		0
...............................
0 		28,600
...............................
0 		696
...............................
0 		547,988
...............................
0 		0
...............................
0
18LYDIA KOMARNICKY-KOCHERPROFESSOR AND CHAIR OF RADIATION ONC (i)
(ii)		 508,214
...............................
0 		0
...............................
0 		0
...............................
0 		28,600
...............................
0 		16,620
...............................
0 		553,434
...............................
0 		0
...............................
0
19JAMES REYNOLDSCHAIR, GASTROENTEROLOGY (i)
(ii)		 506,134
...............................
0 		0
...............................
0 		0
...............................
0 		28,600
...............................
0 		16,548
...............................
0 		551,282
...............................
0 		0
...............................
0
20GLENN LAUBCHAIRMAN OF CARDIOTHORACIC SURGERY (i)
(ii)		 632,082
...............................
0 		25,000
...............................
0 		0
...............................
0 		28,600
...............................
0 		16,548
...............................
0 		702,230
...............................
0 		0
...............................
0
21JOAN MCDONALDFORMER - SVP ENROLLMENT MANAGEMENT (i)
(ii)		 336,526
...............................
0 		20,000
...............................
0 		0
...............................
0 		28,600
...............................
0 		8,952
...............................
0 		394,078
...............................
0 		0
...............................
0
Schedule J (Form 990) 2014

Schedule J (Form 990) 2014
Page 3
Part III
Supplemental Information
Provide the information, explanation, or descriptions required for Part I, lines 1a, 1b, 3, 4a, 4b, 4c, 5a, 5b, 6a, 6b, 7, and 8, and for Part II.
Also complete this part for any additional information.
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. ON AN INFREQUENT BASIS, THE PRESIDENT'S SPOUSE MAY TRAVEL WITH THE PRESIDENT FOR BUSINESS REASONS WHEN FULFILLING OBLIGATIONS OF HER UNIVERSITY POSITION. 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. 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 HOUSING ALLOWANCES AND SOCIAL CLUB MEMBERSHIPS WERE APPROVED BY THE PRESIDENT OR PROVOST.
PART I, LINES 4A-B THE UNIVERSITY WILL PROVIDE JOHN FRY WITH DEFERRED COMPENSATION. THE UNIVERSITY SHALL CREDIT MR. FRY WITH $100,000 ON JULY 31, 2011, AND ON EACH FOLLOWING JULY 31 THROUGH 2015 WHILE HE REMAINS EMPLOYED BY THE UNIVERSITY AS PRESIDENT AND CHIEF EXECUTIVE OFFICER. VESTING AND PAYMENT OF THE DEFERRED COMPENSATION, AS ADJUSTED FOR EARNINGS, GAINS, AND LOSSES BASED ON DEEMED INVESTMENT OPTIONS SELECTED IN ADVANCE BY MR. FRY, SHALL OCCUR ON JULY 31, 2015, PROVIDED MR. FRY IS EMPLOYED BY THE UNIVERSITY ON THAT DATE. IN THE EVENT MR. FRY'S EMPLOYMENT WITH THE UNIVERSITY IS TERMINATED PRIOR TO JULY 31, 2015 ON ACCOUNT OF DEATH, DISABILITY, NON-RENEWAL OF THIS AGREEMENT BY THE UNIVERSITY, OR TERMINATION OF HIS EMPLOYMENT BY THE UNIVERSITY OTHER THAN FOR CAUSE, THE DEFERRED COMPENSATION, AS ADJUSTED FOR EARNINGS, GAINS AND LOSSES, SHALL BECOME VESTED AND PAYABLE UPON HIS TERMINATION OF EMPLOYMENT. IN THE EVENT MR. FRY VOLUNTARILY TERMINATES HIS EMPLOYMENT WITH THE UNIVERSITY PRIOR TO JULY 31, 2015, OR THE UNIVERSITY TERMINATES MR. FRY'S EMPLOYMENT FOR CAUSE, THE DEFERRED COMPENSATION SHALL BE FORFEITED. IN ADDITION, IN RECOGNITION OF AND CONSIDERATION FOR THE GOODS AND VALUABLE SERVICES MR. FRY HAS PROVIDED, AND WILL CONTINUE TO PROVIDE, TO THE UNIVERSITY DURING HIS EMPLOYMENT, THE UNIVERSITY AGREES TO PROVIDE MR. FRY WITH CERTAIN SUPPLEMENTAL RETIREMENT AND DEATH BENEFITS, EFFECTIVE AS OF JULY 1, 2012. MR. FRY'S ACCOUNT SHALL BE CREDITED WITH AN ALLOCATION BY THE UNIVERSITY IN THE FALL OF EACH YEAR (AND NOT LATER THAN DECEMBER 15), BEGINNING IN THE FALL OF 2013, AND ENDING IN THE FALL OF 2020, IN ACCORDANCE WITH THE FOLLOWING FORMULA. THE ALLOCATION FOR EACH YEAR SHALL BE CONDITIONED ON MR. FRY'S CONTINUED EMPLOYMENT THROUGH THE END OF THE FISCAL YEAR ENDING ON THE IMMEDIATELY PRECEDING JUNE 30 (OR UPON THE DATE OF DEATH, TOTAL DISABILITY, OR INVOLUNTARY TERMINATION, IF EARLIER). THE FORMULA IS 11% OF THE SUM OF MR. FRY'S PAID COMPENSATION (BASE SALARY AND ANNUAL PERFORMANCE BONUS (IF ANY)) FOR THE FISCAL YEAR ENDING ON THE IMMEDIATELY PRECEDING JUNE 30 THAT IS IN EXCESS OF THE COMPENSATION LIMIT UNDER SECTION 401(A)(17) OF THE INTERNAL REVENUE CODE AS IN EFFECT DURING SUCH PERIOD IN DETERMINING THE MAXIMUM COMPENSATION UNDER THE UNIVERSITY'S PENSION PLAN. PETER FRISKO, SVP INSTITUTIONAL ADVANCEMENT, AND DREXEL UNIVERSITY AGREED THAT MR. FRISKO'S EMPLOYMENT WITH THE UNIVERSITY ENDED EFFECTIVE AS OF THE CLOSE OF BUSINESS ON JUNE 30, 2015. PETER WAS PAID FOR ALL WORK PERFORMED UP THROUGH THE SEPARATION DATE AS WELL AS RECEIVE PAYMENT OF ANY ACCRUED BUT UNUSED VACATION DAYS IN ACCORDANCE WITH THE UNIVERSITY'S POLICY. IN ADDITION, A ONE-TIME LUMP SUM PAYMENT IN THE TOTAL GROSS AMOUNT OF $275,847 WILL BE MADE ON OR AFTER THE 8TH DAY FROM THE SEPARATION DATE.
PART I, LINE 5 THE MEDICAL SCHOOL HAS AN INCENTIVE COMPENSATION PLAN DEVELOPED FOR THE BASIC SCIENCE DEPARTMENTS AND CLINICAL SCIENCE DEPARTMENTS. THE INCENTIVE PLAN THAT IS DEVELOPED FOR EACH DEPARTMENT IS BASED ON AN APPROVED BUDGET TARGET. IF THE DEPARTMENT MEETS THE APPROVED BUDGET TARGET (EITHER THROUGH ADDITIONAL REVENUE OR DECREASED EXPENSES), FOR EACH DOLLAR ABOVE BUDGET PERFORMANCE 50% IS ADDED TO THE DEPARTMENT'S INCENTIVE POOL. EACH DEPARTMENT DEVELOPS AN INDIVIDUALIZED INCENTIVE DISTRIBUTION PLAN FOR THEIR SPECIFIC DEPARTMENT (EACH DEPARTMENT CAN HAVE DIFFERENT CRITERIA). THESE PLANS CAN BE BASED ON DIFFERENT CRITERIA THAT COULD INCLUDE CLINICAL PRODUCTIVITY, RESEARCH PRODUCTIVITY, EDUCATIONAL ACTIVITY, PUBLICATIONS, ATTENDING MEETINGS, ETC. THE DEPARTMENTS CAN UTILIZE MULTIPLE CRITERIA OR JUST ONE IN DETERMINING HOW BONUSES FROM THE INCENTIVE POOL WILL BE AWARDED. THESE PLANS ARE SUBMITTED TO THE FINANCE DEPARTMENT AND THE DEAN OF THE COLLEGE FOR REVIEW AND APPROVAL FOR THE NEXT FISCAL YEAR AS PART OF THE DEPARTMENT'S ANNUAL BUDGET SUBMISSION. THE INCENTIVE COMPENSATION PLAN IS INTENDED TO INCENTIVIZE IMPROVEMENT IN BOTH INDIVIDUAL AND OVERALL DEPARTMENTAL PERFORMANCE AND TO PROMOTE THE COLLEGE'S LONG-TERM GOAL OF HAVING TOTAL FACULTY COMPENSATION (SALARY PLUS INCENTIVE BONUS) REACH THE 50TH PERCENTILE OF AMERICAN ASSOCIATION OF MEDICAL COLLEGES' ANNUAL FACULTY COMPENSATION SURVEY. AN INDIVIDUAL FACULTY MEMBER'S INCENTIVE BONUS IS DEVELOPED BY THE DEPARTMENT'S CHAIR. THE DEAN OF THE COLLEGE REVIEWS AND APPROVES EACH DEPARTMENT'S INCENTIVE PLAN AND ACTUAL INCENTIVE POOL DISTRIBUTIONS FOR EACH FACULTY MEMBER. THE TOTAL AMOUNT OF EACH DEPARTMENT'S INCENTIVE POOL IS REPORTED TO THE EXECUTIVE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES ON AN ANNUAL BASIS. ADMINISTRATIVE BONUSES FOR OFFICERS AND KEY EMPLOYEES OF THE MEDICAL SCHOOL ARE DEVELOPED SIMILAR TO THE INDIVIDUAL DEPARTMENT PLANS IN THAT THEY ARE SPECIFIC TO THE INDIVIDUAL AND CAN BE BASED ON MULTIPLE CRITERIA FOR THEIR SPECIFIC POSITION. THESE BONUSES ARE ESTABLISHED BY THE DEAN OF THE COLLEGE. ADMINISTRATIVE BONUSES FOR THE KEY EMPLOYEE OF THE MEDICAL SCHOOL IS REVIEWED AND APPROVED BY THE EXECUTIVE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES.
Schedule J (Form 990) 2014

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 Part VI.
SchKMediumBullet Attach to Form 990.
SchKMediumBulletInformation about Schedule K (Form 990) and its instructions is at www.irs.gov/form990.
OMB No. 1545-0047
2014
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 2012
  		23-2243852 70917SCB7 11-01-2012 33,242,964 REFUNDING OF 2002 SERIES A AND SERIES 2003   X   X   X
B 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
C PENNSYLVANIA HIGHER EDUCATIONAL FACILITIES AUTHORITY 2007B
  		23-2243852 70917RNP6 10-04-2007 30,000,000 SCIENCE BLDG/DORMITORY/WELLNESS CENTER   X   X   X
D PENNSYLVANIA HIGHER EDUCATIONAL FACILITIES AUTHORITY 2007A
  		23-2243852 70917RMJ1 10-04-2007 96,463,410 SCIENCE BLDG/DORMITORY/WELLNESS CENTER   X   X   X
PENNSYLVANIA HIGHER EDUCATIONAL FACILITIES AUTHORITY 2007
  		23-2243852 70917RMX0 10-04-2007 22,869,658 CAPITAL IMPROVEMENTS/REFUND TAXABLE LOAN   X   X   X
PENNSYLVANIA HIGHER EDUCATIONAL FACILITIES AUTHORITY 2005A&B
  		23-2243852 70917N3BB 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 . . . . . . . . . . . . . . 6,450,000 9,080,000 3,655,000  
2 Amount of bonds legally defeased . . . . . . . . . . .        
3 Total proceeds of issue . . . . . . . . . . . . . . 33,242,964 161,954,495 30,572,813 98,251,163
4 Gross proceeds in reserve funds . . . . . . . . . . . . 1,490,863      
5 Capitalized interest from proceeds . . . . . . . . . . . 2,700,000   2,700,000 9,022,947
6 Proceeds in refunding escrows . . . . . . . . . . . .        
7 Issuance costs from proceeds . . . . . . . . . . . . 415,332 1,386,270 285,425 835,415
8 Credit enhancement from proceeds . . . . . . . . . . . 11,508 879,260 11,508 1,529,000
9 Working capital expenditures from proceeds . . . . . . . . .        
10 Capital expenditures from proceeds . . . . . . . . . . . 101,469,764 101,469,764 27,483,553 86,701,839
11 Other spent proceeds . . . . . . . . . . . . . . 32,827,632 59,095,696    
12 Other unspent proceeds . . . . . . . . . . . . . .        
13 Year of substantial completion . . . . . . . . . . . . 2014 2014 2012 2012
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 Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50193E
Schedule K (Form 990) 2014
Schedule K (Form 990) 2014
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 of bond-financed property? . . . . . . . . . . . . X   X     X   X
b If "Yes" to line 3a, does the organization routinely engage bond counsel or other outside counsel to review any management or service contracts relating to the financed property? X   X          
c Are there any research agreements that may result in private business use of bond-financed property? . . . . . . . . . . . . . . .   X   X X   X  
d If "Yes" to line 3c, does the organization routinely engage bond counsel or other outside counsel to review any 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 0.600 % 0 %    
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 0.300 % 0.100 %    
6 Total of lines 4 and 5 . . . . . . . . . . . . . 0.900 % 0.100 %    
7 Does the bond issue meet the private security or payment test? . . . . .   X   X   X   X
8a Has there been a sale or disposition of any of the bond-financed property to a nongovernmental person other than a 501(c)(3) organization since the bonds were issued?. . . . . . . . . . . . . . . . .   X   X   X   X
b If "Yes" to line 8a, enter the percentage of bond-financed property sold or disposed of.        
c If "Yes" to line 8a, was any remedial action taken pursuant to Regulations sections 1.141-12 and 1.145-2? . . . . . . . . . . . . .                
9 Has the organization established written procedures to ensure that all nonqualified bonds of the issue are remediated in accordance with the requirements under
Regulations sections 1.141-12 and 1.145-2? . . . . . . . 		X   X   X   X  
Part IV
Arbitrage
A B C D
Yes No Yes No Yes No Yes No
1 Has the issuer filed Form 8038-T, Arbitrage Rebate, Yield Reduction and Penalty in Lieu of Arbitrage Rebate? . .   X   X   X   X
2 If "No" to line 1, did the following apply? . . . .
a Rebate not due yet? . . . . . . . .   X   X   X   X
b Exception to rebate? . . . . . . . . X     X   X   X
c No rebate due? . . . . . . . . X   X   X   X  
If "Yes" to line 2c, provide in Part VI the date the rebate
computation was performed . . . . . .
3 Is the bond issue a variable rate issue? . . . .   X   X X     X
4a Has the organization or the governmental issuer entered into a qualified hedge with respect to the bond issue?   X   X   X   X
b Name of provider . . . . . . . . . WELLS FARGO BANK
  		WELLS FARGO BANK
  		 
  		 
 
c Term of hedge . . . . . . . . . . 19.800000000000 19.800000000000    
d Was the hedge superintegrated? . . . .   X   X        
e Was the hedge terminated? . . . . . .   X   X        
Schedule K (Form 990) 2014
Schedule K (Form 990) 2014
Page 3
Part IV
Arbitrage (Continued)
A B C D
Yes No Yes No Yes No Yes No
5a Were gross proceeds invested in a guaranteed investment contract (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          
6 Were any gross proceeds invested beyond an available temporary period? . . . . . . . .   X   X   X   X
7 Has the organization established written procedures to monitor the requirements of section 148? . . . X   X   X   X  
Part V
Procedures To Undertake Corrective Action
A B C D
Yes No Yes No Yes No Yes No
Has the organization established written procedures to ensure that violations of federal tax requirements are timely identified and corrected through the voluntary closing agreement program if self-remediation is not available under applicable regulations? X   X   X   X  
Part VI
Supplemental Information. Provide additional information for responses to questions on Schedule K (see instructions).
Return Reference Explanation
SCHEDULE K SUPPLENTAL INFORMATION PART II, LINE 3, COLUMNS B, C & D: THE TOTAL PROCEEDS EXCEED THE ISSUE PRICE BY THE INVESTMENT EARNINGS ON THE PROJECT FUND. PART II, LINE 11, COLUMNS A & B: THE OTHER SPENT PROCEEDS ARE THE REFUNDING PROCEEDS OF THE ISSUE. PART IV, LINE 2C, COLUMN A: THE FINAL REBATE REPORT WAS COMPLETED ON 6/5/2013, WHICH WAS DETERMINED THE ISSUE MET THE 6 MONTH SPENDING EXCEPTION. PART IV, LINE 2C, COLUMN B: THE FINAL REBATE REPORT WAS COMPLETED ON 6/7/2013. PART IV, LINE 2C, COLUMN C: THE FINAL REBATE REPORT WAS COMPLETED ON 8/16/2012. PART IV, LINE 2C, COLUMN D: THE FINAL REBATE REPORT WAS COMPLETED ON 9/28/2010. PART II, LINE 3, COLUMNS A & B: THE TOTAL PROCEEDS EXCEED THE ISSUE PRICE BY THE INVESTMENT EARNINGS ON THE PROJECT FUND. PART II, LINE 11, COLUMNS A & B: THE OTHER SPENT PROCEEDS ARE THE REFUNDING PROCEEDS OF THE ISSUE. PART IV, LINE 2C, COLUMN A: A REBATE CALCULATION WAS PERFORMED AS OF 10/1/2015. PART IV, LINE 2C, COLUMN B: THE FINAL REBATE REPORT WAS PERFORMED AS OF 08/16/2012.
Schedule K (Form 990) 2014

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 Part VI.
SchKMediumBullet Attach to Form 990.
SchKMediumBulletInformation about Schedule K (Form 990) and its instructions is at www.irs.gov/form990.
OMB No. 1545-0047
2014
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 2012
  		23-2243852 70917SCB7 11-01-2012 33,242,964 REFUNDING OF 2002 SERIES A AND SERIES 2003   X   X   X
B 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
C PENNSYLVANIA HIGHER EDUCATIONAL FACILITIES AUTHORITY 2007B
  		23-2243852 70917RNP6 10-04-2007 30,000,000 SCIENCE BLDG/DORMITORY/WELLNESS CENTER   X   X   X
D PENNSYLVANIA HIGHER EDUCATIONAL FACILITIES AUTHORITY 2007A
  		23-2243852 70917RMJ1 10-04-2007 96,463,410 SCIENCE BLDG/DORMITORY/WELLNESS CENTER   X   X   X
PENNSYLVANIA HIGHER EDUCATIONAL FACILITIES AUTHORITY 2007
  		23-2243852 70917RMX0 10-04-2007 22,869,658 CAPITAL IMPROVEMENTS/REFUND TAXABLE LOAN   X   X   X
PENNSYLVANIA HIGHER EDUCATIONAL FACILITIES AUTHORITY 2005A&B
  		23-2243852 70917N3BB 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 . . . . . . . . . . . . . . 6,450,000 9,080,000 3,655,000  
2 Amount of bonds legally defeased . . . . . . . . . . .        
3 Total proceeds of issue . . . . . . . . . . . . . . 33,242,964 161,954,495 30,572,813 98,251,163
4 Gross proceeds in reserve funds . . . . . . . . . . . . 1,490,863      
5 Capitalized interest from proceeds . . . . . . . . . . . 2,700,000   2,700,000 9,022,947
6 Proceeds in refunding escrows . . . . . . . . . . . .        
7 Issuance costs from proceeds . . . . . . . . . . . . 415,332 1,386,270 285,425 835,415
8 Credit enhancement from proceeds . . . . . . . . . . . 11,508 879,260 11,508 1,529,000
9 Working capital expenditures from proceeds . . . . . . . . .        
10 Capital expenditures from proceeds . . . . . . . . . . . 101,469,764 101,469,764 27,483,553 86,701,839
11 Other spent proceeds . . . . . . . . . . . . . . 32,827,632 59,095,696    
12 Other unspent proceeds . . . . . . . . . . . . . .        
13 Year of substantial completion . . . . . . . . . . . . 2014 2014 2012 2012
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 Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50193E
Schedule K (Form 990) 2014
Schedule K (Form 990) 2014
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 of bond-financed property? . . . . . . . . . . . . X   X     X   X
b If "Yes" to line 3a, does the organization routinely engage bond counsel or other outside counsel to review any management or service contracts relating to the financed property? X   X          
c Are there any research agreements that may result in private business use of bond-financed property? . . . . . . . . . . . . . . .   X   X X   X  
d If "Yes" to line 3c, does the organization routinely engage bond counsel or other outside counsel to review any 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 0.600 % 0 %    
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 0.300 % 0.100 %    
6 Total of lines 4 and 5 . . . . . . . . . . . . . 0.900 % 0.100 %    
7 Does the bond issue meet the private security or payment test? . . . . .   X   X   X   X
8a Has there been a sale or disposition of any of the bond-financed property to a nongovernmental person other than a 501(c)(3) organization since the bonds were issued?. . . . . . . . . . . . . . . . .   X   X   X   X
b If "Yes" to line 8a, enter the percentage of bond-financed property sold or disposed of.        
c If "Yes" to line 8a, was any remedial action taken pursuant to Regulations sections 1.141-12 and 1.145-2? . . . . . . . . . . . . .                
9 Has the organization established written procedures to ensure that all nonqualified bonds of the issue are remediated in accordance with the requirements under
Regulations sections 1.141-12 and 1.145-2? . . . . . . . 		X   X   X   X  
Part IV
Arbitrage
A B C D
Yes No Yes No Yes No Yes No
1 Has the issuer filed Form 8038-T, Arbitrage Rebate, Yield Reduction and Penalty in Lieu of Arbitrage Rebate? . .   X   X   X   X
2 If "No" to line 1, did the following apply? . . . .
a Rebate not due yet? . . . . . . . .   X   X   X   X
b Exception to rebate? . . . . . . . . X     X   X   X
c No rebate due? . . . . . . . . X   X   X   X  
If "Yes" to line 2c, provide in Part VI the date the rebate
computation was performed . . . . . .
3 Is the bond issue a variable rate issue? . . . .   X   X X     X
4a Has the organization or the governmental issuer entered into a qualified hedge with respect to the bond issue?   X   X   X   X
b Name of provider . . . . . . . . . WELLS FARGO BANK
  		WELLS FARGO BANK
  		 
  		 
 
c Term of hedge . . . . . . . . . . 19.800000000000 19.800000000000    
d Was the hedge superintegrated? . . . .   X   X        
e Was the hedge terminated? . . . . . .   X   X        
Schedule K (Form 990) 2014
Schedule K (Form 990) 2014
Page 3
Part IV
Arbitrage (Continued)
A B C D
Yes No Yes No Yes No Yes No
5a Were gross proceeds invested in a guaranteed investment contract (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          
6 Were any gross proceeds invested beyond an available temporary period? . . . . . . . .   X   X   X   X
7 Has the organization established written procedures to monitor the requirements of section 148? . . . X   X   X   X  
Part V
Procedures To Undertake Corrective Action
A B C D
Yes No Yes No Yes No Yes No
Has the organization established written procedures to ensure that violations of federal tax requirements are timely identified and corrected through the voluntary closing agreement program if self-remediation is not available under applicable regulations? X   X   X   X  
Part VI
Supplemental Information. Provide additional information for responses to questions on Schedule K (see instructions).
Return Reference Explanation
SCHEDULE K SUPPLENTAL INFORMATION PART II, LINE 3, COLUMNS B, C & D: THE TOTAL PROCEEDS EXCEED THE ISSUE PRICE BY THE INVESTMENT EARNINGS ON THE PROJECT FUND. PART II, LINE 11, COLUMNS A & B: THE OTHER SPENT PROCEEDS ARE THE REFUNDING PROCEEDS OF THE ISSUE. PART IV, LINE 2C, COLUMN A: THE FINAL REBATE REPORT WAS COMPLETED ON 6/5/2013, WHICH WAS DETERMINED THE ISSUE MET THE 6 MONTH SPENDING EXCEPTION. PART IV, LINE 2C, COLUMN B: THE FINAL REBATE REPORT WAS COMPLETED ON 6/7/2013. PART IV, LINE 2C, COLUMN C: THE FINAL REBATE REPORT WAS COMPLETED ON 8/16/2012. PART IV, LINE 2C, COLUMN D: THE FINAL REBATE REPORT WAS COMPLETED ON 9/28/2010. PART II, LINE 3, COLUMNS A & B: THE TOTAL PROCEEDS EXCEED THE ISSUE PRICE BY THE INVESTMENT EARNINGS ON THE PROJECT FUND. PART II, LINE 11, COLUMNS A & B: THE OTHER SPENT PROCEEDS ARE THE REFUNDING PROCEEDS OF THE ISSUE. PART IV, LINE 2C, COLUMN A: A REBATE CALCULATION WAS PERFORMED AS OF 10/1/2015. PART IV, LINE 2C, COLUMN B: THE FINAL REBATE REPORT WAS PERFORMED AS OF 08/16/2012.
Schedule K (Form 990) 2014

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, line 38a or 40b.
MediumBullet Attach to Form 990 or Form 990-EZ.
MediumBulletInformation about Schedule L (Form 990 or 990-EZ) and its instructions is at www.irs.gov/form990.
OMB No. 1545-0047
2014
Open to Public Inspection
Name of the organization
DREXEL UNIVERSITY
 
Employer identification number

23-1352630
Part I
Excess Benefit Transactions (section 501(c)(3), section 501(c)(4), and 501(c)(29) 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) Relationship between disqualified person and organization (c) Description of transaction (d) Corrected?
Yes No





2
Enter the amount of tax incurred by 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-EZ, Part V, line 38a, or Form 990, Part IV, line 26; or if the organization reported an amount on Form 990, Part X, line 5, 6, or 22
(a) Name of interested person (b) Relationship with organization (c) Purpose of loan (d) Loan to or from the organization? (e)Original principal amount (f)Balance due (g) In default? (h) Approved by board or committee? (i)Written agreement?
To From Yes No Yes No Yes No
(1) DR JOSEPH B HUGHES KEY EMPLOYEE PERSONAL   X 90,000 36,000   No Yes   Yes  
Total ......Small Bullet $ 36,000
Part III
Grants or Assistance Benefiting 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 assistance (d) Type of assistance (e) Purpose of assistance
(1)  
  		  20,080 TUITION REMISSION EDUCATIONAL
(2)  
  		  1,000 ALUMNI GRADUATE AWARD EDUCATIONAL
(3)  
  		  5,000 ENDOWED SCHOLARSHIP EDUCATIONAL
(4)  
  		  8,016 LAW SCHOOL SCHOLARSHIP EDUCATIONAL
(5)  
  		  10,500 DEAN'S SCHOLARSHIP EDUCATIONAL
(6)  
  		  3,000 DREXEL LEGACY SCHOLARSHIP EDUCATIONAL
(7)  
  		  3,000 DREXEL LEGACY SCHOLARSHIP EDUCATIONAL
(8)  
  		  14,500 A.J. DREXEL SCHOLARSHIP EDUCATIONAL
(9)  
  		  63,738 TUITION REMISSION EDUCATIONAL
For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.
Cat. No. 50056A
Schedule L (Form 990 or 990-EZ) 2014
Schedule L (Form 990 or 990-EZ) 2014
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 1,266,653 ELECTRICITY   No
(2) DR MIMI B SHELLER FAMILY MEMBER OF TRUSTEE 139,563 COMPENSATION   No
(3) VICTOR TRINGALI FAMILY MEMBER OF TRUSTEE 126,482 COMPENSATION   No
(4) PENNONI ASSOCIATES INC
  		TRUSTEE 160,100 ENGINEERING   No
(5) KIERA MURASKO-BLANK KEY EMPLOYEE 45,072 COMPENSATION   No
(6) NEWPORT CAPITAL GROUP LLC
  		TRUSTEE 140,000 CONSULTANT   No
Part V
Supplemental Information
Provide additional information for responses to questions on Schedule L (see instructions).
Return Reference Explanation
Schedule L (Form 990 or 990-EZ) 2014

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 organizations answered "Yes" on Form 990, Part IV, lines 29 or 30.
Right pointing arrow large image Attach to Form 990.
Right pointing arrow large imageInformation about Schedule M (Form 990) and its instructions is at www.irs.gov/form990.
OMB No. 1545-0047
2014
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)
Noncash contribution amounts reported on
Form 990, Part VIII, line 1g 		(d)
Method of determining
noncash contribution amounts
1 Art—Works of art ....        
2 Art—Historical treasures .        
3 Art—Fractional interests ..        
4 Books and publications ..      
5 Clothing and household
goods ....... 		X 34,000 FAIR MARKET VALUE
6 Cars and other vehicles ..        
7 Boats and planes ....        
8 Intellectual property ...        
9 Securities—Publicly traded . X 59 3,232,735 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 .. X 1 5,400,000 FAIR MARKET VALUE
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 ( OTHER GIFTS IN KIND ) X 5 461,720 FAIR MARKET VALUE
26 Other Right pointing arrow large image( )
27 Other Right pointing arrow large image( )
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
3
Yes
No
30a
During the year, did the organization receive by contribution any property reported in Part I, lines 1 through 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 noncash
contributions? ..........................
32a
 
No
b
If "Yes," describe in Part II.
33
If the organization did not report an amount in column (c) for a type of property for which column (a) is checked,
describe in Part II.
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 51227J
Schedule M (Form 990) (2014)
Schedule M (Form 990) (2014)
Page 2
Part II
Supplemental Information. Provide the information required by Part I, lines 30b,
32b, and 33, and whether the organization is reporting in Part I, column (b), the number of contributions, the number of items received, or a combination of both. Also complete this part for any additional information.
Return Reference Explanation
Schedule M (Form 990) (2014)
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 990-EZ or to provide any additional information.
MediumBullet Attach to Form 990 or 990-EZ.
MediumBullet Information about Schedule O (Form 990 or 990-EZ) and its instructions is at
www.irs.gov/form990.
OMB No. 1545-0047
2014
Open to Public
Inspection
Name of the organization
DREXEL UNIVERSITY
 
Employer identification number

23-1352630
Return Reference Explanation
FORM 990, PART III, LINE 2 ON JULY 1, 2015 DREXEL UNIVERSITY MERGED WITH PHILADELPHIA HEALTH & EDUCATION CORPORATION D/B/A DREXEL UNIVERSITY COLLEGE OF MEDICINE (DUCOM) AND ASSUMED THE PROGRAM SERVICES ASSOCIATED WITH DUCOM. PATIENT CARE/PUBLIC SERVICE - IT IS THE COLLEGE'S PATIENT CARE MISSION TO SERVE THE COMMUNITY THROUGH THE DELIVERY OF HIGH-QUALITY, COST-EFFECTIVE HEALTH CARE SERVICES, INCLUDING PROGRAMS OF HEALTH PROMOTION AND DISEASE PREVENTION, ALL SUCH SERVICES PROVIDED WITH REGARD FOR THE INDIVIDUAL PATIENT AND HIS OR HER FAMILY.
FORM 990, PART V, LINES 7G & 7H: NOT APPLICABLE
FORM 990, PART VI, SECTION A, LINE 2 THERE ARE SEVERAL TRUSTEES WHOM HAVE CONSULTING/BUSINESS RELATIONSHIPS WITH OTHER MEMBERS OF THE BOARD.
FORM 990, PART VI, SECTION B, LINE 11 FORM 990 IS PREPARED BY THE TAX OFFICE AND SUBMITTED TO THE EXECUTIVE VICE PRESIDENT, TREASURER AND CHIEF OPERATING 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 REVIEWED AS REQUIRED BY THE COMPLIANCE, PRIVACY AND INTERNAL AUDIT OFFICER. 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 EMPLOYEE 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, EXECUTIVE VICE PRESIDENTS, SENIOR VICE PRESIDENTS, 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 JULY 1, 2014.
FORM 990, PART VI, SECTION C, LINE 19 DREXEL UNIVERSITY MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC IN A VARIETY OF WAYS. THE CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE ON ITS WEBSITE, AND ITS GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST.
FORM 990, PART XI, LINE 9: CONTRIBUTION RECEIVABLE WRITE-OFF -131,696. PHEC FUND BALANCE AT END OF PRIOR YEAR - RESULT OF MERGER 247,800,063.
FORM 990, PART XII, 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.
PART VI, SECTION B, LINE 16B THE UNIVERSITY IMPLEMENTED A WRITTEN PROCEDURE, WHICH WAS APPROVED BY THE PRESIDENT'S CABINET, FOR EVALUATION OF JOINT VENTURE ARRANGEMENTS TO ENSURE THAT SUCH ARRANGEMENTS ARE CONSISTENT WITH THE UNIVERSITY'S TAX-EXEMPT PURPOSE.
For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.
Cat. No. 51056K
Schedule O (Form 990 or 990-EZ) 2014

Additional Data


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SCHEDULE R
(Form 990)
Department of the Treasury
Internal Revenue Service
Related Organizations and Unrelated Partnerships
MediumBulletComplete if the organization answered "Yes" on Form 990, Part IV, line 33, 34, 35b, 36, or 37.
MediumBulletAttach to Form 990.
MediumBullet Information about Schedule R (Form 990) and its instructions is at www.irs.gov/form990.

OMB No. 1545-0047
2014
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 (if applicable) 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
(1) DRAGON RISK LIMITED CO
3201 ARCH STREET SUITE 420
PHILADELPHIA,PA19104
47-1086093 		LIABILITY INSURANCE VT 320,920 7,312,792 DREXEL UNIVERSITY
 
(2) DUC LLC
3201 ARCH STREET SUITE 420
PHILADELPHIA,PA19104
46-4944473 		DEVELOPMENT AND INVESTMENT PA 198 0 DREXEL UNIVERSITY
 
(3) DREXEL GLOBAL INITIATIVES LLC
3201 ARCH STREET SUITE 420
PHILADELPHIA,PA19104
47-1829445 		EDUCATIONAL PA 0 100 DREXEL UNIVERSITY
 






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 entity?
Yes No
(1) ACADEMIC ASSETS INC
3601 POWELTON AVE LL

PHILADELPHIA,PA19104
23-2455915 		HOLDING COMPANY PA 501(C)(3) LINE 11C, III-FI DREXEL UNIVERSITY
 
Yes
 
(2) ACADEMIC PROPERTIES INC
3601 POWELTON AVE LL

PHILADELPHIA,PA19104
23-2411680 		STUDENT HOUSING PA 501(C)(3) LINE 11C, III-FI ACADEMIC ASSETS INC
 
 
No
(3) THE ACADEMY OF NATURAL SCIENCES OF PHILDELPHIA
1900 BENJAMIN FRANKLIN PARKWAY

PHILADELPHIA,PA19103
23-1352000 		MUSEUM PA 501(C)(3) LINE 9 DREXEL UNIVERSITY
 
Yes
 
(4) 11TH STREET FAMILY HEALTH SERVICES INC
3201 ARCH STREET SUITE 420

PHILADELPHIA,PA19104
46-4233500 		PROVIDES FACILITIES USE FOR DREXEL UNIVERSITY PA 501(C)(3) LINE 11C, III-FI DREXEL UNIVERSITY
 
Yes
 






For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50135Y
Schedule R (Form 990) 2014
Schedule R (Form 990) 2014
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
(1) 3509 SPRING GARDEN LP

3201 ARCH STREET SUITE 420
PHILADELPHIA,PA19104
46-2116704 		REAL ESTATE PA  
        No     No  
(2) 3509 SPRING GARDEN MT LP

3201 ARCH STREET SUITE 420
PHILADELPHIA,PA19104
46-3273473 		REAL ESTATE PA  
        No     No  
(3) DREXEL UNIVERSITY CITY DEVELOPMENT LLC

3201 ARCH STREET SUITE 420
PHILADELPHIA,PA19104
46-4883724 		REAL ESTATE PA  
        No     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
 		(i)
Section 512(b)(13) controlled entity?
Yes No
(1) 3509 SPRING GARDEN GP INC

3201 ARCH STREET SUITE 420
PHILADELPHIA,PA19104
46-2117383 		REAL ESTATE PA DREXEL UNIVERSITY
  		C     10.000 % Yes  
(2) 3509 SPRING GARDEN MT MANAGER INC

3201 ARCH STREET SUITE 420
PHILADELPHIA,PA19104
46-2121349 		REAL ESTATE PA DREXEL UNIVERSITY
  		C     10.000 % Yes  
(3) DREXEL E-LEARNING INC

3001 MARKET ST SUITE 300
PHILADELPHIA,PA19104
23-3068200 		DISTANCE LEARNING AND ONLINE COURSES PA  
C     10.000 %   No








Schedule R (Form 990) 2014
Schedule R (Form 990) 2014
Page 3
Part V
Transactions With Related Organizations Complete if the organization answered "Yes" on Form 990, Part IV, line 34, 35b, or 36.
Note. Complete line 1 if any entity is listed in Parts II, III, or IV of this schedule.
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, or (iv) rent from a controlled entity . . . . . . . . . . . . . . . . . . . . . . .
1a
Yes
 
b Gift, grant, or capital contribution to related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1b
Yes
 
c Gift, grant, or capital contribution from related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1c
 
No
d Loans or loan guarantees to or for related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1d
 
No
e Loans or loan guarantees by related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1e
 
No
f Dividends from related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1f
 
No
g Sale of assets to related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1g
 
No
h Purchase of assets from related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1h
 
No
i Exchange of assets with related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1i
 
No
j Lease of facilities, equipment, or other assets to related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1j
 
No
k Lease of facilities, equipment, or other assets from related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . .
1k
Yes
 
l Performance of services or membership or fundraising solicitations for related organization(s) . . . . . . . . . . . . . . . . . . . .
1l
Yes
 
m Performance of services or membership or fundraising solicitations by related organization(s) . . . . . . . . . . . . . . . . . . . .
1m
Yes
 
n Sharing of facilities, equipment, mailing lists, or other assets with related organization(s) . . . . . . . . . . . . . . . . . . . . .
1n
 
No
o Sharing of paid employees with related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1o
 
No
p Reimbursement paid to related organization(s) for expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1p
 
No
q Reimbursement paid by related organization(s) for expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1q
Yes
 
r Other transfer of cash or property to related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1r
 
No
s Other transfer of cash or property from related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1s
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 related organization 		(b)
Transaction
type (a-s) 		(c)
Amount involved 		(d)
Method of determining amount involved
(1) ACADEMIC PROPERTIES INC

 K 1,246,000 BOOK AMOUNT
(2) ACADEMIC PROPERTIES INC

 M 176,000 BOOK AMOUNT
(3) THE ACADEMY OF NATURAL SCIENCES OF PHILADELPHIA

 B 3,376,000 BOOK AMOUNT
(4) THE ACADEMY OF NATURAL SCIENCES OF PHILADELPHIA

 M 555,000 BOOK AMOUNT
(5) THE ACADEMY OF NATURAL SCIENCES OF PHILADELPHIA

 Q 157,000 BOOK AMOUNT
(6) THE ACADEMY OF NATURAL SCIENCES OF PHILADELPHIA

 A 14,000 BOOK AMOUNT
(7) THE ACADEMY OF NATURAL SCIENCES OF PHILADELPHIA

 L 2,288,000 BOOK AMOUNT
(8) 11TH STREET FAMILY SERVICES INC

 Q 2,000,000 BOOK AMOUNT
(9) DREXEL E-LEARNING INC

 S 20,990,000 BOOK AMOUNT
Schedule R (Form 990) 2014
Schedule R (Form 990) 2014
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)
Predominant income (related, unrelated, excluded from tax under sections 512-514)

(e)
Are all partners
section
501(c)(3)
organizations? 		(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 Yes No






























Schedule R (Form 990) 2014
Schedule R (Form 990) 2014
Page 5
Part VII
Supplemental Information
Provide additional information for responses to questions on Schedule R (see instructions).
Return Reference Explanation
Schedule R (Form 990) 2014
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