TY 2022 Form 990

- TIN:

Form990

Department of the TreasuryInternal 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)

Do not enter social security numbers on this form as it may be made public.

Go to www.irs.gov/Form990 for instructions and the latest information.

OMB No. 1545-0047

2021

Open to Public Inspection

A For the 2021 calendar year, or tax year beginning 07-01-2022 , and ending 06-30-2023

BCheck if applicable: Address change Name change Initial return Final return/terminated Amended return Application pending

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 400

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 $ 1,484,602,798

F Name and address of principal officer:
JOHN A FRY
3141 CHESTNUT ST
PHILADELPHIA,PA19104

Tax-exempt status: 501(c)(3) 501(c) ( ) LeftBullet

(insert no.) 4947(a)(1) or 527

Website:

WWW.DREXEL.EDU

H(a)

Is this a group return for
subordinates? Yes No

H(b)

Are all subordinates
included?

Yes No

If "No," attach a list. See instructions.

H(c)

Group exemption number MediumBullet

K Form of organization: Corporation Trust Association Other MediumBullet

L Year of formation: 1894

M State of legal domicile: PA

Part I

Summary

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
3	Number of voting members of the governing body (Part VI, line 1a) ........	3	58
4	Number of independent voting members of the governing body (Part VI, line 1b) .....	4	55
5	Total number of individuals employed in calendar year 2021 (Part V, line 2a) ......	5	12,049
6	Total number of volunteers (estimate if necessary) .............	6	5,113
7a	Total unrelated business revenue from Part VIII, column (C), line 12 ........	7a	2,587,362
b	Net unrelated business taxable income from Form 990-T, Part I, line 11 .........	7b	1,516,181

		Prior Year	Current Year
8	Contributions and grants (Part VIII, line 1h) .........	208,875,017	231,867,487
9	Program service revenue (Part VIII, line 2g) .........	1,068,088,534	1,075,763,484
10	Investment income (Part VIII, column (A), lines 3, 4, and 7d ) ....	55,168,114	94,039,801
11	Other revenue (Part VIII, column (A), lines 5, 6d, 8c, 9c, 10c, and 11e)	20,346,728	11,239,284
12	Total revenue—add lines 8 through 11 (must equal Part VIII, column (A), line 12)	1,352,478,393	1,412,910,056
13	Grants and similar amounts paid (Part IX, column (A), lines 1–3 )...	444,634,532	443,366,883
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)	540,039,066	581,073,081
16a	Professional fundraising fees (Part IX, column (A), line 11e) .....	58,046	471,282
b	Total fundraising expenses (Part IX, column (D), line 25) 17,673,541
17	Other expenses (Part IX, column (A), lines 11a–11d, 11f–24e)....	344,294,129	380,751,734
18	Total expenses. Add lines 13–17 (must equal Part IX, column (A), line 25)	1,329,025,773	1,405,662,980
19	Revenue less expenses. Subtract line 18 from line 12.......	23,452,620	7,247,076
		Beginning of Current Year	End of Year
20	Total assets (Part X, line 16).............	2,419,583,188	2,842,408,922
21	Total liabilities (Part X, line 26).............	1,144,608,526	1,520,809,775
22	Net assets or fund balances. Subtract line 21 from line 20.....	1,274,974,662	1,321,599,147

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

	Signature of officer	Date

	Type or print name and title

Paid Preparer Use Only

Print/Type preparer's name

Preparer's signature

Date

Check if
self-employed

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) ..........YesNo

For Paperwork Reduction Act Notice, see the separate instructions.

Cat. No. 11282Y Form 990 (2021)

Form 990 (2021)

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..............

Briefly describe the organization’s mission: DREXEL UNIVERSITY FULFILLS ITS FOUNDER'S VISION OF PREPARING EACH NEW GENERATION OF STUDENTS FOR PRODUCTIVE PROFESSIONAL AND CIVIC LIVES WHILE ALSO FOCUSING ITS 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.

Did the organization undertake any significant program services during the year which were not listed on
the prior Form 990 or 990-EZ? ..................... Yes No

If "Yes," describe these new services on Schedule O.

Did the organization cease conducting, or make significant changes in how it conducts, any program
services? ........................... Yes No

If "Yes," describe these changes on Schedule O.

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 $ 1,046,306,402 including grants of $ 419,198,607 ) (Revenue $ 1,040,131,042 )
	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 IS CLASSIFIED AS AN R1 RESEARCH UNIVERSITY IN THE CARNEGIE CLASSIFICATION OF INSTITUTIONS OF HIGHER EDUCATION - A RANK THAT DENOTES THE HIGHEST LEVEL OF RESEARCH ACTIVITY, HELD BY JUST 37 PRIVATE UNIVERSITIES AROUND THE COUNTRY. THE UNIVERSITY DISCLOSED 58 NEW INVENTIONS AND RECEIVED 31 NEW UNITED STATES PATENTS IN FISCAL YEAR 2023.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 100 BACHELOR'S DEGREE PROGRAMS AND MORE THAN 120 GRADUATE AND PROFESSIONAL DEGREE PROGRAMS ORGANIZED IN 15 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; 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. DREXEL'S STRATEGIC EFFORTS FOCUS ON INVESTING FURTHER IN ACADEMIC EXCELLENCE, SERVING MORE STUDENTS WHILE IMPROVING THE STUDENT EXPERIENCE AND ENHANCING THE UNIVERSITY'S GLOBAL IMPACT. DREXEL HAS GROWN TO BECOME AN ECONOMIC ENGINE FOR PHILADELPHIA, SERVING AS ONE OF THE CITY'S LARGEST EMPLOYERS, GENERATING MILLIONS OF DOLLARS IN WAGE TAXES, ATTRACTING EXTERNAL FUNDING FOR RESEARCH AND KEY REAL ESTATE DEVELOPMENT PROJECTS, INVESTING IN PUBLIC SCHOOLS, AND SUPPORTING IMPORTANT COMMUNITY ORGANIZATIONS.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. DREXEL HAS FOSTERED AN ENVIRONMENT OF INCLUSION AND BELONGING AND HAS SET INCLUSION AS A STRATEGIC PRIORITY. DREXEL RECOGNIZES AND RESPECTS PEOPLE OF ALL BACKGROUNDS AND EXPERIENCES AND WELCOMES ALL VIEWS AND OPINIONS. IN 2020, THE CENTER FOR BLACK CULTURE OPENED ITS DOORS. THE CENTER WAS ESTABLISHED TO INCREASE KNOWLEDGE, RECOGNITION AND RESPECT OF THE PEOPLE, HISTORIES AND CULTURES OF THE AFRICAN DIASPORA AND ITS MANY CONTRIBUTIONS TO THE WORLD, AND TO SERVE AS A HUB OF INFORMATION AND ACTIVITY. DREXEL'S DORNSIFE SCHOOL OF PUBLIC HEALTH LAUNCHED IN 2022, THE UBUNTU CENTER ON RACISM, GLOBAL MOVEMENTS AND POPULATION HEALTH EQUITY TO UNITE DIVERSE PARTNERS, GENERATE AND TRANSLATE EVIDENCE, ACCELERATE ANTIRACISM SOLUTIONS, AND TRANSFORM THE HEALTH OF COMMUNITIES LOCALLY, NATIONALLY AND GLOBALLY. AS THE UNITED STATES TRANSITIONS TO AN INFORMATION ECONOMY AND HAS DEALT WITH UNPRECEDENTED CHALLENGES BROUGHT ON BY THE COVID-19 PANDEMIC, MANY JOBS REQUIRE THE CRITICAL THINKING AND INNOVATIVE PROBLEM-SOLVING SKILLS INSTILLED AT DREXEL. FOR 100 YEARS, DREXEL HAS EQUIPPED STUDENTS FOR THE REAL WORLD THROUGH ITS RENOWNED COOPERATIVE EDUCATION PROGRAM. EXPANDING ON THIS MODEL, THE UNIVERSITY ESTABLISHED THE DREXEL SOLUTIONS INSTITUTE THAT HAS BECOME THE NEW GATEWAY FOR INDUSTRY PARTNERSHIPS - CONNECTING DREXEL'S 1,600 CO-OP EMPLOYERS, AS WELL AS OTHER BUSINESSES AND NONPROFITS, AND LINKING THEM TO DREXEL STUDENT TALENT, FACULTY EXPERTISE AND WORLD-CLASS RESOURCES. DREXEL HAS MADE A STRATEGIC COMMITMENT TO HELP IMPROVE THE NATION'S GLOBAL COMPETITIVENESS BY INCREASING STUDENTS' INTERNATIONAL ENGAGEMENT TO BUILD CULTURAL COMPETENCIES. DREXEL'S OFFICE OF GLOBAL ENGAGEMENT CONTRIBUTES TO THE MISSION OF TRANSFORMING THE UNIVERSITY INTO A GLOBAL HUB OF ACADEMIC AND PROFESSIONAL EXCELLENCE. IT WORKS WITH UNITS ACCROSS THE UNIVERSITY TO BUILD AN ECOSYSTEM OF GLOBAL PARTNERSHIPS AND PROGRAMS BOTH ON AND OFF CAMPUS THROUGH DREXEL'S TRADEMARK PROGRAMS IN CO-OP, EDUCATION ABROAD, RESEARCH PARTNERSHIPS AND INDUSTRY RELATIONS.UNDERGRADUATE ENROLLMENT FOR ACADEMIC YEAR 2022-2023 = 13,977GRADUATE AND PROFESSIONAL ENROLLMENT FOR ACADEMIC YEAR 2022-2023 = 8,367 NUMBER OF DEGREES CONFERRED IN ACADEMIC YEAR 2022-2023: ASSOCIATE DEGREES = 0 BACHELOR'S DEGREES = 3,474 MASTER'S DEGREES = 2,277 DOCTORAL DEGREES = 735 CERTIFICATES AND OTHER = 430

4b	(Code: ) (Expenses $ 170,199,841 including grants of $ 24,168,276 ) (Revenue $ 18,739,044 )
	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. TYPICALLY, THE UNIVERSITY RECEIVES ABOUT $110 MILLION PER YEAR IN RESEARCH EXPENDITURES. THE UNIVERSITY 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 IS CREATING AN ECOSYSTEM OF INNOVATION IN AND AROUND UNIVERSITY CITY, WHILE DELIVERING ON ITS PUBLIC PURPOSE AS AN ANCHOR INSTITUTION FOR PHILADELPHIA. THIS ECOSYSTEM WILL ULTIMATELY BENEFIT STUDENTS, THROUGH CO-OPS AND CAREER OPPORTUNITIES; FACULTY, THROUGH COLLABORATIVE RESEARCH AND TRAINING; AND THE SURROUNDING COMMUNITY, THROUGH THE CREATION OF PIPELINES TO EMPLOYMENT.THIS COMMITMENT IS AT THE HEART OF SCHUYLKILL YARDS, A $3.5 BILLION MIXED-USE PROJECT WITH DEVELOPMENT PARTNER BRANDYWINE REALTY TRUST ON UNIVERSITY REAL ESTATE ADJACENT TO PHILADELPHIA'S AMTRAK 30TH STREET STATION. IN PARTNERSHIP WITH WEXFORD SCIENCE AND TECHNOLOGY, DREXEL IS ALSO EXTENDING UCITY SQUARE, A MULTI-BILLION-DOLLAR DEVELOPMENT, THROUGH A FACILITY THAT HOUSES K-8 PUBLIC SCHOOLS AND AN ACADEMIC BUILDING THAT RELOCATED THE COLLEGE OF MEDICINE AND COLLEGE OF NURSING AND HEALTH PROFESSIONS TO THE UNIVERSITY CITY CAMPUS.MOST RECENTLY, SPARK THERAPEUTICS BROKE GROUND ON A $575 MILLION STATE-OF-THE-ART GENE THERAPY INNOVATION CENTER ON DREXEL'S CAMPUS. AND THROUGH A PARTNERSHIP WITH GATTUSO DEVELOPMENT PARTNERS, THE CAMPUS WILL ALSO BOAST WHAT IS EXPECTED TO BECOME THE CITY'S LARGEST LIFE SCIENCES FACILITY.DURING FY23, DREXEL UNIVERSITY CONDUCTED RESEARCH ON THE FOLLOWING RESEARCH GRANTS:FEDERALLY SPONSORED RESEARCH - 941 GRANTSSTATE OF PENNSYLVANIA SPONSORED RESEARCH - 96 GRANTSCITY OF PHILADELPHIA CONTRACTS 23 GRANTSPRIVATE FOUNDATION SPONSORED RESEARCH - 295 GRANTSINDUSTRY SPONSORED RESEARCH - 104 GRANTS

4c	(Code: ) (Expenses $ 31,003,101 including grants of $ ) (Revenue $ 22,576,150 )
	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 CLINICAL SERVICES ARE PROVIDED WITH CAREFUL REGARD FOR THE INDIVIDUAL PATIENT AND THEIR FAMILY. DREXEL UNIVERSITY'S CLINICAL PRACTICES PROVIDE EXCEPTIONAL CARE IN GENERAL INTERNAL MEDICINE, HIV/AIDS, STUDENT HEALTH, ADDICTION MEDICINE, AND PSYCHIATRY.

4d	Other program services (Describe in Schedule O.)
	(Expenses $ including grants of $ ) (Revenue $ )
4e	Total program service expenses1,247,509,344

Form 990 (2021)

Page 3

Part IV

Checklist of Required Schedules

Yes

Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)? If "Yes," complete Schedule A Click to see attachment

List of Attached Documents:

// Content

.....................

Yes

Is the organization required to complete Schedule B, Schedule of Contributors? See instructions. Click to see attachment

List of Attached Documents:

// Content

...

Yes

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 I Click to see attachment

List of Attached Documents:

// Content

.............

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 II Click to see attachment

List of Attached Documents:

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.........

Yes

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 Rev. Proc. 98-19? If "Yes," complete Schedule C, Part III Click to see attachment

List of Attached Documents:

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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 I Click to see attachment

List of Attached Documents:

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.........................

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 II Click to see attachment

List of Attached Documents:

// Content

....

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

List of Attached Documents:

// Content

..............

Yes

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 IV Click to see attachment

List of Attached Documents:

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..............

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 V......

Yes

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.

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

List of Attached Documents:

// Content

...................

11a

Yes

Did the organization report an amount for investments—other securities in Part X, line 12 that is 5% or more of its total assets reported in Part X, line 16? If "Yes," complete Schedule D, Part VII Click to see attachment

List of Attached Documents:

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.......

11b

Yes

Did the organization report an amount for investments—program related in Part X, line 13 that is 5% or more of its total assets reported in Part X, line 16? If "Yes," complete Schedule D, Part VIII Click to see attachment

List of Attached Documents:

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.......

11c

Did the organization report an amount for other assets in Part X, line 15 that is 5% or more of its total assets reported in Part X, line 16? If "Yes," complete Schedule D, Part IX Click to see attachment

List of Attached Documents:

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............

11d

Yes

Did the organization report an amount for other liabilities in Part X, line 25? If "Yes," complete Schedule D, Part X Click to see attachment

List of Attached Documents:

// Content

11e

Yes

Did the organization’s separate or consolidated financial statements for the tax year include a footnote that addresses the organization’s liability for uncertain tax positions under FIN 48 (ASC 740)? If "Yes," complete Schedule D, Part X Click to see attachment

List of Attached Documents:

// Content

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

List of Attached Documents:

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......................

12a

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

List of Attached Documents:

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12b

Yes

Is the organization a school described in section 170(b)(1)(A)(ii)? If "Yes," complete Schedule E Click to see attachment

List of Attached Documents:

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Yes

14a

Did the organization maintain an office, employees, or agents outside of the United States? .....

14a

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

List of Attached Documents:

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14b

Yes

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 IV..... Click to see attachment

List of Attached Documents:

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Yes

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

List of Attached Documents:

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Yes

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

List of Attached Documents:

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Yes

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

List of Attached Documents:

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Yes

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

List of Attached Documents:

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20a

Did the organization operate one or more hospital facilities? If "Yes," complete Schedule H....

20a

If "Yes" to line 20a, did the organization attach a copy of its audited financial statements to this return?

20b

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

List of Attached Documents:

// Content

Yes

Form 990 (2021)

Page 4

Part IV

Checklist of Required Schedules (continued)

Yes

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

List of Attached Documents:

// Content

Yes

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

List of Attached Documents:

// Content

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 attachment

List of Attached Documents:

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24a

Yes

Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception?...

24b

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

Did the organization act as an "on behalf of" issuer for bonds outstanding at any time during the year?...

24d

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

List of Attached Documents:

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25a

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

List of Attached Documents:

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25b

Did the organization report any amount on Part X, line 5 or 22 for receivables from or payables to any current or former officer, director, trustee, key employee, creator or founder, substantial contributor, or 35% controlled entity or family member of any of these persons? If "Yes," complete Schedule L, Part II Click to see attachment

List of Attached Documents:

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...........

Yes

Did the organization provide a grant or other assistance to any current or former officer, director, trustee, key employee, creator or founder, substantial contributor, or employee thereof, a grant selection committee member, or to a 35% controlled entity (including an employee thereof) or family member of any of these persons?

If "Yes," complete

Schedule L, Part III Click to see attachment

List of Attached Documents:

// Content

.........................

Yes

Was the organization a party to a business transaction with one of the following parties (see the Schedule L, Part IV instructions for applicable filing thresholds, conditions, and exceptions):

A current or former officer, director, trustee, key employee, creator or founder, or substantial contributor? If "Yes," complete Schedule L, Part IV...................... Click to see attachment

List of Attached Documents:

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28a

A family member of any individual described in line 28a? If "Yes," complete Schedule L, Part IV..... Click to see attachment

List of Attached Documents:

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28b

Yes

A 35% controlled entity of one or more individuals and/or organizations described in line 28a or 28b? If "Yes," complete Schedule L, Part IV.....................

28c

Did the organization receive more than $25,000 in non-cash contributions? If "Yes," complete Schedule M.. Click to see attachment

List of Attached Documents:

// Content

Yes

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

List of Attached Documents:

// Content

Did the organization liquidate, terminate, or dissolve and cease operations? If "Yes," complete Schedule N, Part I

Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets? If "Yes," complete Schedule N, Part II........................

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

List of Attached Documents:

// Content

Yes

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

List of Attached Documents:

// Content

Yes

35a

Did the organization have a controlled entity within the meaning of section 512(b)(13)?

35a

Yes

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

List of Attached Documents:

// Content

35b

Yes

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

List of Attached Documents:

// Content

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 VI Click to see attachment

List of Attached Documents:

// Content

Did the organization complete Schedule O and provide explanations on Schedule O for Part VI, lines 11b and 19? Note. All Form 990 filers are required to complete Schedule O. ............

Yes

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

Enter the number reported in box 3 of Form 1096. Enter -0- if not applicable ..

27,109

Enter the number of Forms W-2G included on line 1a. Enter -0- if not applicable .

Did the organization comply with backup withholding rules for reportable payments to vendors and reportable gaming (gambling) winnings to prize winners? ..................

Yes

Form 990 (2021)

Page 5

Part V

Statements Regarding Other IRS Filings and Tax Compliance (continued)

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 ..................

12,049

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.

Yes

Did the organization have unrelated business gross income of $1,000 or more during the year?...

Yes

If “Yes,” has it filed a Form 990-T for this year? If “No” to line 3b, provide an explanation in Schedule O...

Yes

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)? ..

Yes

If "Yes," enter the name of the foreign country: MediumBullet

EK , CM
See instructions for filing requirements for FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR).

Was the organization a party to a prohibited tax shelter transaction at any time during the tax year? ..

Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction?

If "Yes," to line 5a or 5b, did the organization file Form 8886-T? ............

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? ...

If "Yes," did the organization include with every solicitation an express statement that such contributions or gifts were not tax deductible? ......................

Organizations that may receive deductible contributions under section 170(c).

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? ....................

Yes

If "Yes," did the organization notify the donor of the value of the goods or services provided? .....

Yes

Did the organization sell, exchange, or otherwise dispose of tangible personal property for which it was required to file Form 8282? .........................

If "Yes," indicate the number of Forms 8282 filed during the year ....

Did the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?

Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ..

If the organization received a contribution of qualified intellectual property, did the organization file Form 8899 as required? ......................

If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a Form 1098-C? ..........................

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? ........

Sponsoring organizations maintaining donor advised funds.

Did the sponsoring organization make any taxable distributions under section 4966?........

Did the sponsoring organization make a distribution to a donor, donor advisor, or related person?...

Section 501(c)(7) organizations. Enter:

Initiation fees and capital contributions included on Part VIII, line 12 ...

10a

Gross receipts, included on Form 990, Part VIII, line 12, for public use of club facilities

10b

Section 501(c)(12) organizations. Enter:

Gross income from members or shareholders .........

11a

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

If "Yes," enter the amount of tax-exempt interest received or accrued during the year.

12b

Section 501(c)(29) qualified nonprofit health insurance issuers.

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

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

Enter the amount of reserves on hand ............

13c

14a

Did the organization receive any payments for indoor tanning services during the tax year?.....

14a

If "Yes," has it filed a Form 720 to report these payments? If "No," provide an explanation in Schedule O..

14b

Is the organization subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or excess parachute payment(s) during the year? ....................
If "Yes," see the instructions and file Form 4720, Schedule N.

Yes

Is the organization an educational institution subject to the section 4968 excise tax on net investment income? ..
If "Yes," complete Form 4720, Schedule O.

Section 501(c)(21) organizations. Did the trust, any disqualified person, or mine operator engage in any activities that would result in the imposition of an excise tax under section 4951, 4952, or 4953? ..
If "Yes," complete Form 6069.

Form 990 (2021)

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

Enter the number of voting members of the governing body at the end of the tax year

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.

Enter the number of voting members included in line 1a, above, who are independent

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? .................

Yes

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? .

Did the organization make any significant changes to its governing documents since the prior Form 990 was filed? .

Did the organization become aware during the year of a significant diversion of the organization’s assets? .

Did the organization have members or stockholders? ................

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? ....................

Are any governance decisions of the organization reserved to (or subject to approval by) members, stockholders, or persons other than the governing body? ...................

Did the organization contemporaneously document the meetings held or written actions undertaken during the year by the following:

The governing body? .......................

Yes

Each committee with authority to act on behalf of the governing body? ............

Yes

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.......

Section B. Policies (This Section B requests information about policies not required by the Internal Revenue Code.)

Yes

10a

Did the organization have local chapters, branches, or affiliates? ............

10a

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

Describe on 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

Were officers, directors, or trustees, and key employees required to disclose annually interests that could give rise to conflicts? ..........................

12b

Yes

Did the organization regularly and consistently monitor and enforce compliance with the policy? If "Yes," describe on Schedule O how this was done...................

12c

Yes

Did the organization have a written whistleblower policy? ...............

Yes

Did the organization have a written document retention and destruction policy? .........

Yes

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?

The organization’s CEO, Executive Director, or top management official ...........

15a

Yes

Other officers or key employees of the organization ................

15b

Yes

If "Yes" to line 15a or 15b, describe the process on 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

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

List the states with which a copy of this Form 990 is required to be filed MediumBullet

PA , AK , MD , MA , MI , NH , NY , SC , WA , CO , CA

Section 6104 requires an organization to make its Form 1023 (1024 or 1024-A, if applicable), 990, and 990-T (section 501(c)(3)s only) available for public inspection. Indicate how you made these available. Check all that apply.

Own website Another's website Upon request Other (explain in Schedule O)

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.

State the name, address, and telephone number of the person who possesses the organization's books and records:
MediumBullet

COMPTROLLER'S OFFICE3141 CHESTNUT STREET STE 225 PHILADELPHIA,PA19104 (215) 895-1442

Form 990 (2021)

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.

List all of the organization’s current key employees, if any. See the instructions for definition of "key employee."

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, Form 1099-MISC, and/or box 1 of Form 1099-NEC) of more than $100,000 from the
organization and any related organizations.

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.

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.

See the instructions for the order in which to list the persons above.

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/1099-NEC)	(E) Reportable compensation from related organizations (W-2/1099-MISC/1099-NEC)	(F) Estimated amount of other compensation from the organization and related organizations
(A) Name and title
(1) JOHN A FRY...................................................................... PRESIDENT	40.00 ................. 7.00	X	X	2,077,353	0	157,401
(2) ALFRED F ALTOMARI...................................................................... TRUSTEE	2.00 ................. 0.00	X		0	0	0
(3) CHRIS MCKENDRY ANDRADE...................................................................... TRUSTEE	2.00 ................. 0.00	X		0	0	0
(4) MICHAEL BARRY...................................................................... TRUSTEE	2.00 ................. 0.00	X		0	0	0
(5) JEFFREY A BEACHELL...................................................................... TRUSTEE	2.00 ................. 2.00	X		0	0	0
(6) JAMES BEAN...................................................................... TRUSTEE	2.00 ................. 0.00	X		0	0	0
(7) SALLY J BELLET...................................................................... TRUSTEE	2.00 ................. 0.00	X		0	0	0
(8) GREGORY S BENTLEY...................................................................... TRUSTEE	2.00 ................. 0.00	X		0	0	0
(9) THOMAS E BERK...................................................................... TRUSTEE	2.00 ................. 0.00	X		0	0	0
(10) TED BRYCE...................................................................... TRUSTEE	2.00 ................. 0.00	X		0	0	0
(11) KAREN DOUGHERTY BUCHHOLZ...................................................................... TRUSTEE	2.00 ................. 0.00	X		0	0	0
(12) RANDALL S BURKERT TO 523...................................................................... TRUSTEE	2.00 ................. 0.00	X		0	0	0
(13) THOMAS A CARAMANICO...................................................................... TRUSTEE	2.00 ................. 0.00	X		0	0	0
(14) HONORABLE IDA K CHEN...................................................................... TRUSTEE	2.00 ................. 0.00	X		0	0	0
(15) KATHLEEN P CHIMICLES...................................................................... TRUSTEE	2.00 ................. 0.00	X		0	0	0
(16) DELLA CLARK...................................................................... TRUSTEE	2.00 ................. 0.00	X		0	0	0
(17) ABBIE DEAN...................................................................... TRUSTEE	2.00 ................. 2.00	X		0	0	0

Form 990 (2021)

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/1099-NEC)	(E) Reportable compensation from related organizations (W-2/1099-MISC/1099-NEC)	(F) Estimated amount of other compensation from the organization and related organizations
(A) Name and title
(18) NICHOLAS DEBENEDICTIS........................................................................ TRUSTEE	2.00 .......................0.00	X					0	0	0
(19) AMISH DESAI AS OF 523........................................................................ TRUSTEE	2.00 .......................0.00	X					0	0	0
(20) GERIANNE TRINGALI DIPIANO........................................................................ TRUSTEE	2.00 .......................0.00	X					0	0	0
(21) DOMENIC M DIPIERO III........................................................................ TRUSTEE	2.00 .......................0.00	X					0	0	0
(22) ANGELA DOWD-BURTON........................................................................ TRUSTEE	2.00 .......................0.00	X					0	0	0
(23) THOMAS O FITZPATRICK ESQ........................................................................ TRUSTEE	2.00 .......................0.00	X					0	0	0
(24) BRIAN R FORD........................................................................ TRUSTEE	2.00 .......................0.00	X					0	0	0
(25) MICHAEL FORMAN........................................................................ TRUSTEE	2.00 .......................0.00	X					0	0	0
(26) KENNETH FULMER........................................................................ TRUSTEE	2.00 .......................0.00	X					0	0	0
(27) SEAN J GALLAGHER........................................................................ TRUSTEE	2.00 .......................0.00	X					0	0	0
(28) DAVID R GELTZER........................................................................ TRUSTEE	2.00 .......................0.00	X					0	0	0
(29) RICHARD A GREENAWALT........................................................................ CHAIR	2.00 .......................0.00	X	X				0	0	0
(30) DAVID GRIFFITH........................................................................ TRUSTEE	2.00 .......................2.00	X					0	0	0
(31) MAURICIO GUTIERREZ........................................................................ TRUSTEE	2.00 .......................0.00	X					0	0	0
(32) RICHARD A HAYNE........................................................................ VICE CHAIR	2.00 .......................0.00	X	X				0	0	0
(33) NINA HENDERSON........................................................................ VICE CHAIR	2.00 .......................0.00	X	X				0	0	0
(34) RICHARD C ILL........................................................................ TRUSTEE	2.00 .......................0.00	X					0	0	0
(35) PATRICIA H IMBESI........................................................................ TRUSTEE	2.00 .......................0.00	X					0	0	0
(36) JOSEPH H JACOVINI ESQ........................................................................ TRUSTEE	2.00 .......................0.00	X					0	0	0
(37) THOMAS R KLINE........................................................................ TRUSTEE	2.00 .......................0.00	X					0	0	0
(38) CORINA LAM........................................................................ TRUSTEE	2.00 .......................0.00	X					0	0	0
(39) J MICHAEL LAWRIE........................................................................ TRUSTEE	2.00 .......................0.00	X					0	0	0
(40) RAPHAEL C LEE TO 523........................................................................ TRUSTEE	2.00 .......................0.00	X					0	0	0
(41) THOMAS LEONARD........................................................................ TRUSTEE	2.00 .......................0.00	X					0	0	0
(42) ALBERT LORD AS OF 523........................................................................ TRUSTEE	2.00 .......................0.00	X					0	0	0
(43) JEFFREY LYASH JR........................................................................ TRUSTEE	2.00 .......................0.00	X					0	0	0
(44) JERRY J MARTIN........................................................................ TRUSTEE	2.00 .......................0.00	X					0	0	0
(45) MARK MCADOO........................................................................ TRUSTEE	2.00 .......................0.00	X					0	0	0
(46) PATRICK MCGONIGAL........................................................................ TRUSTEE	2.00 .......................0.00	X					0	0	0
(47) MATTHEW S NAYLOR........................................................................ TRUSTEE	2.00 .......................0.00	X					0	0	0
(48) DENIS P O'BRIEN........................................................................ TRUSTEE	2.00 .......................0.00	X					0	0	0
(49) KEVIN J O'HARA........................................................................ TRUSTEE	2.00 .......................0.00	X					0	0	0
(50) RICHELLE P PARHAM........................................................................ VICE CHAIR	2.00 .......................0.00	X	X				0	0	0
(51) CHARLES P PIZZI TO 523........................................................................ TRUSTEE	2.00 .......................0.00	X					0	0	0
(52) THOMAS M RAMPULLA........................................................................ TRUSTEE	2.00 .......................0.00	X					0	0	0
(53) KATHLEEN REARDON........................................................................ TRUSTEE	2.00 .......................0.00	X					0	0	0
(54) MARIA RENZ........................................................................ TRUSTEE	2.00 .......................0.00	X					0	0	0
(55) LEVOYD ROBINSON........................................................................ TRUSTEE	2.00 .......................0.00	X					0	0	0
(56) MALIK ROSE........................................................................ TRUSTEE	2.00 .......................0.00	X					0	0	0
(57) VIRGINIA S ROSE........................................................................ TRUSTEE	2.00 .......................0.00	X					0	0	0
(58) STANLEY W SILVERMAN........................................................................ VICE CHAIR	2.00 .......................0.00	X	X				0	0	0
(59) JOSEPH P UJOBAI........................................................................ TRUSTEE	2.00 .......................0.00	X					0	0	0
(60) CHARLES K VALUTAS........................................................................ TRUSTEE	2.00 .......................0.00	X					0	0	0
(61) MICHAEL J WILLIAMS........................................................................ TRUSTEE	2.00 .......................0.00	X					0	0	0
(62) HELEN Y BOWMAN........................................................................ EXECUTIVE VP/TREASURER/COO	40.00 .......................5.00		X				966,123	0	52,217
(63) DARIN PFEIFER........................................................................ SECRETARY	40.00 .......................0.00		X				205,795	0	33,428
(64) CHARLES CAIRNS........................................................................ DEAN & SVP MED AFFAIRS COM	40.00 .......................0.00			X			933,892	0	125,310
(65) PAUL JENSEN........................................................................ SVP & NINA HENDERSON PROVOST	40.00 .......................0.00			X			715,469	0	52,217
(66) ELISABETH VAN BOCKSTAELE........................................................................ SVP GRAD. AND ONLINE ED.	40.00 .......................0.00			X			611,012	0	102,217
(67) MICHAEL J EXLER ESQ........................................................................ SVP AND GENERAL COUNSEL	40.00 .......................2.00			X			594,632	0	102,217
(68) DAVID L UNRUH........................................................................ SVP INST ADVANCEMENT	40.00 .......................0.00			X			576,477	0	102,217
(69) SUBIR SAHU........................................................................ SVP STUDENT SUCCESS	40.00 .......................0.00			X			514,678	0	95,873
(70) MEGAN WEYLER........................................................................ SVP AND CHRO	40.00 .......................0.00			X			504,559	0	84,915
(71) EVELYN THIMBA........................................................................ SVP ENROLLMENT MANAGEMENT	40.00 .......................0.00			X			408,156	0	51,310
(72) BRIAN T KEECH........................................................................ SVP GOV & COMMUNITY RELATIONS	40.00 .......................0.00			X			406,614	0	52,217
(73) ALEISTER SAUNDERS........................................................................ EXEC VICE PROV, RES & INNO	40.00 .......................0.00			X			364,504	0	44,970
(74) DAVID RUSENKO........................................................................ VP FINANCE, CFO & ASSOC TREASURER	40.00 .......................4.00			X			328,610	0	47,867
(75) CATHERINE ULOZAS........................................................................ VP CHIEF INVESTMENT OFFICER	40.00 .......................0.00			X			271,478	0	72,263
(76) NIKI GIANAKARIS........................................................................ INTERIM SVP, UNIV COMMUNICATIONS	40.00 .......................0.00			X			208,347	0	27,990
(77) OLIMPIA MEUCCI........................................................................ CHAIR COM, PHARMACOLOGY	40.00 .......................0.00				X		462,849	0	43,761
(78) ZACHARY SPIKER........................................................................ HEAD COACH, BASKETBALL	40.00 .......................0.00				X		460,221	0	45,410
(79) PAUL BRANDT-RAUF........................................................................ DEAN, SCHOOL OF BIOMEDICAL	40.00 .......................0.00				X		455,461	0	42,454
(80) SHARON WALKER........................................................................ DEAN, COLLEGE OF ENGINEERING	40.00 .......................0.00				X		451,088	0	46,117
(81) DANIEL FILLER........................................................................ DEAN, KLINE SCHOOL OF LAW	40.00 .......................0.00				X		445,154	0	45,867
(82) DANIEL SCHIDLOW........................................................................ FORMER DEAN EMERITUS, COM	40.00 .......................0.00					X	311,947	0	34,442

1b	Sub-Total................
c	Total from continuation sheets to Part VII, Section A....
d	Total (add lines 1b and 1c)...........	12,274,419	0	1,462,680

Total number of individuals (including but not limited to those listed above) who received more than $100,000 of reportable compensation from the organization MediumBullet

1,151

Yes

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 ..............

Yes

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...........................

Yes

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 ........

Section B. Independent Contractors

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
ARAMARK SERVICES INC ONE CITIZENS BANK WAY PHILADELPHIA,PA19148	FOOD SERVICE	16,590,653
ALLIED UNIVERSAL SECURITY SERVICES 161 WASHINGTON ST CONSHOHOCKEN,PA19104	SECURITY SERVICES	6,299,335
LEVLANE ADVERTISING INC 130 N 18TH ST PHILADELPHIA,PA19103	ADVERTISING SERVICE	4,114,485
BLUESTONE COMMUNICATIONS INC 780C PRIMOS AVE FOLCROFT,PA19032	TELECOMMUNICATIONS CONTRACTOR	2,469,293
DAKTRONICS INC 201 DAKTRONICS DRIVE BROOKINGS,SD57006	TECHNICAL SERVICE	2,394,481
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 171

Form 990 (2021)

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

(D)
Revenue
excluded from
tax under sections
512 - 514

1a	Federated campaigns..		1a	9,683
b	Membership dues..		1b
c	Fundraising events..		1c	209,460
d	Related organizations		1d	65,707,667
e	Government grants (contributions)		1e	134,738,344

f	All other contributions, gifts, grants, and similar amounts not included above		1f	31,202,333

g	Noncash contributions included in lines 1a - 1f:$		1g	2,451,428

h Total. Add lines 1a-1f.......		231,867,487

		Business Code
2a	TUITION AND FEES	611310	1,017,778,263	1,017,778,263
b	PATIENT CARE	621110	22,457,518	22,457,518
c	NON-DIRECT PUB SUPPORT	541700	21,912,672	21,912,672
d	AUXILIARY ENTERPRISES	611710	13,488,113	13,488,113
e	OTHER PROGRAM SERVICES	611710	126,918	126,918
f	All other program service revenue.
g	Total. Add lines 2a–2f .....		1,075,763,484

3 Investment income (including dividends, interest, and othersimilar amounts) ......			23,617,745			23,617,745
4 Income from investment of tax-exempt bond proceeds			6,139			6,139
5 Royalties...........			702,034			702,034
		(ii) Personal	(i) Real
6a	Gross rents		3,393,508	6a
b	Less: rental expenses		998,493	6b
c	Rental income or (loss)		2,395,015	6c
d	Net rental income or (loss).......			2,395,015			2,395,015
		(ii) Other	(i) Securities
7a	Gross amount from sales of assets other than inventory		140,915,464	7a
b	Less: cost or other basis and sales expenses		70,499,547	7b
c	Gain or (loss)		70,415,917	7c
d	Net gain or (loss).........			70,415,917			70,415,917
8a	Gross income from fundraising events (not including $ 209,460of contributions reported on line 1c). See Part IV, line 18 ....
			8a	66,823
b	Less: direct expenses ...		8b	194,702
c	Net income or (loss) from fundraising events..			-127,879			-127,879
9a	Gross income from gaming activities. See Part IV, line 19 ...
			9a
b	Less: direct expenses ...		9b
c	Net income or (loss) from gaming activities..
10a	Gross sales of inventory, less returns and allowances ..
			10a
b	Less: cost of goods sold ..		10b
c	Net income or (loss) from sales of inventory..
Business Code			Miscellaneous Revenue
11a	MISCELLANEOUS REVENUE		900099	7,222,221	5,682,752	1,539,469
b	APPLICATION SERVICE PR		541519	2,007,896		2,007,896
c	K-1 PASSTHROUGH		525990	-960,003		-960,003
d	All other revenue ....
e	Total. Add lines 11a–11d ......			8,270,114
12	Total revenue. See instructions.....			1,412,910,056	1,081,446,236	2,587,362	97,008,971

Form 990 (2021)

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 ....	21,373,065	21,373,065
2	Grants and other assistance to domestic individuals. See Part IV, line 22 ...........	418,858,507	418,858,507
3	Grants and other assistance to foreign organizations, foreign governments, and foreign individuals. See Part IV, lines 15 and 16. .............	3,135,311	3,135,311
4	Benefits paid to or for members .......
5	Compensation of current officers, directors, trustees, and key employees ...........	10,714,366	2,941,026	6,433,230	1,340,110
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........	443,448,916	377,445,983	56,522,976	9,479,957
8	Pension plan accruals and contributions (include section 401(k) and 403(b) employer contributions) ....	31,991,115	27,096,109	4,182,824	712,182
9	Other employee benefits .......	64,894,629	53,430,399	9,988,530	1,475,700
10	Payroll taxes ...........	30,024,055	25,172,337	4,142,744	708,974
11	Fees for services (non-employees):
a	Management ......	2,068,592	2,057,506	11,086
b	Legal .........	1,473,041	630,243	840,897	1,901
c	Accounting ...........	1,626,870		1,626,870
d	Lobbying ...........	444,692	372,925	71,767
e	Professional fundraising services. See Part IV, line 17	471,282			471,282
f	Investment management fees ......	2,882,630		2,882,630
g	Other (If line 11g amount exceeds 10% of line 25, column (A) amount, list line 11g expenses on Schedule O)	62,080,443	54,831,524	6,559,154	689,765
12	Advertising and promotion ....	11,628,104	11,548,726	67,918	11,460
13	Office expenses .......	40,594,864	36,700,456	3,359,476	534,932
14	Information technology ......	26,094,548	21,413,054	4,026,614	654,880
15	Royalties ..	1,691,392	1,691,392
16	Occupancy ...........	105,332,886	87,891,632	17,441,239	15
17	Travel ............	10,650,884	9,819,289	373,765	457,830
18	Payments of travel or entertainment expenses for any federal, state, or local public officials .
19	Conferences, conventions, and meetings ....	7,487,874	5,549,860	1,540,155	397,859
20	Interest ...........	19,353,052	17,655,771	1,697,281
21	Payments to affiliates .......	5,013,794	669,326	4,344,468
22	Depreciation, depletion, and amortization ..	52,192,482	48,063,099	4,129,383
23	Insurance ...	18,404,802	11,129,888	6,993,541	281,373
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	3,065,079	3,002,709	62,370
b	SCHC EDUCATION AND SUPP	2,611,818	260,189	2,351,629
c	PROFESSIONAL MEMBERSHIP	2,479,385	1,604,553	820,128	54,704
d	PARTICIPANT EXPENSE	1,547,238	1,537,818	9,420
e	All other expenses	2,027,264	1,626,647		400,617
25	Total functional expenses. Add lines 1 through 24e	1,405,662,980	1,247,509,344	140,480,095	17,673,541
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 if following SOP 98-2 (ASC 958-720).

Form 990 (2021)

Page 11

Part X

Balance Sheet

Check if Schedule O contains a response or note to any line in this Part IX..............

				(A) Beginning of year		(B) End of year

1	Cash–non-interest-bearing ........			89,170	1	95,504
2	Savings and temporary cash investments .........			82,770,815	2	57,781,562
3	Pledges and grants receivable, net ......			148,599,953	3	145,710,897
4	Accounts receivable, net .............			74,338,056	4	76,425,004
5	Loans and other receivables from any current or former officer, director, trustee, key employee, creator or founder, substantial contributor, or 35% controlled entity or family member of any of these persons .......
				720,000	5	731,850
6	Loans and other receivables from other disqualified persons (as defined under section 4958(f)(1)), and persons described in section 4958(c)(3)(B) ...
					6
7	Notes and loans receivable, net ...........				7
8	Inventories for sale or use ............				8
9	Prepaid expenses and deferred charges ......			7,911,389	9	9,259,352
10a	Land, buildings, and equipment: cost or other basis. Complete Part VI of Schedule D	10a	1,726,557,791
b	Less: accumulated depreciation	10b	699,182,629	911,751,334	10c	1,027,375,162
11	Investments—publicly traded securities .			436,090,776	11	431,970,364
12	Investments—other securities. See Part IV, line 11 .....			514,892,000	12	504,302,000
13	Investments—program-related. See Part IV, line 11 ..			10,090,105	13	7,606,449
14	Intangible assets ...............				14
15	Other assets. See Part IV, line 11 ...........			232,329,590	15	581,150,778
16	Total assets. Add lines 1 through 15 (must equal line 33)...			2,419,583,188	16	2,842,408,922

17	Accounts payable and accrued expenses .....	207,120,936	17	176,613,418
18	Grants payable ...		18
19	Deferred revenue .........	149,344,290	19	142,338,742
20	Tax-exempt bond liabilities .........	442,548,305	20	430,672,293
21	Escrow or custodial account liability. Complete Part IV of Schedule D		21
22	Loans and other payables to any current or former officer, director, trustee, key employee, creator or founder, substantial contributor, or 35% controlled entity or family member of any of these persons .........
			22
23	Secured mortgages and notes payable to unrelated third parties ..	104,100,000	23	104,100,000
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	241,494,995	25	667,085,322
26	Total liabilities. Add lines 17 through 25..	1,144,608,526	26	1,520,809,775

	Organizations that follow FASB ASC 958, check here and complete lines 27, 28, 32, and 33.
27	Net assets without donor restrictions ..........	540,668,453	27	566,903,379
28	Net assets with donor restrictions ...........	734,306,209	28	754,695,768
	Organizations that do not follow FASB ASC 958, check here and complete lines 29 through 33.
29	Capital stock or trust principal, or current funds .....		29
30	Paid-in or capital surplus, or land, building or equipment fund ...		30
31	Retained earnings, endowment, accumulated income, or other funds		31
32	Total net assets or fund balances ...........	1,274,974,662	32	1,321,599,147
33	Total liabilities and net assets/fund balances ........	2,419,583,188	33	2,842,408,922

Form 990 (2021)

Page 12

Part XI

Reconcilliation of Net Assets

Check if Schedule O contains a response or note to any line in this Part XI..............

Total revenue (must equal Part VIII, column (A), line 12) ............

1,412,910,056

Total expenses (must equal Part IX, column (A), line 25) ............

1,405,662,980

Revenue less expenses. Subtract line 2 from line 1 ..............

7,247,076

Net assets or fund balances at beginning of year (must equal Part X, line 32, column (A)) ..

1,274,974,662

Net unrealized gains (losses) on investments ...............

39,377,409

Donated services and use of facilities .................

Investment expenses .....................

Prior period adjustments .....................

Other changes in net assets or fund balances (explain in Schedule O) ........

Net assets or fund balances at end of year. Combine lines 3 through 9 (must equal Part X, line 32, column (B))

1,321,599,147

Part XII

Financial Statements and Reporting

Check if Schedule O contains a response or note to any line in this Part XII.............

Yes

Accounting method used to prepare the Form 990: Cash Accrual Other
If the organization changed its method of accounting from a prior year or checked "Other," explain on
Schedule O.

Were the organization’s financial statements compiled or reviewed by an independent accountant?

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:

Separate basis Consolidated basis Both consolidated and separate basis

Were the organization’s financial statements audited by an independent accountant?

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:

Separate basis Consolidated basis Both consolidated and separate basis

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?

Yes

If the organization changed either its oversight process or selection process during the tax year, explain in Schedule O.

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?

Yes

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.

Yes

Form 990 (2021)

Additional Data

Software ID:
Software Version:

Form 990, Special Condition Description:

Special Condition Description

- TIN:

SCHEDULE A
(Form 990)

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

Go to www.irs.gov/Form990 for instructions and the latest information.

OMB No. 1545-0047

2022

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 12, check only one box.)

A church, convention of churches, or association of churches described in section 170(b)(1)(A)(i).

A school described in section 170(b)(1)(A)(ii). (Attach Schedule E (Form 990).)

A hospital or a cooperative hospital service organization described in section 170(b)(1)(A)(iii).

A medical research organization operated in conjunction with a hospital described in section 170(b)(1)(A)(iii). Enter the hospital's name, city, and state:

An organization operated for the benefit of a college or university owned or operated by a governmental unit described in section 170(b)(1)(A)(iv). (Complete Part II.)

A federal, state, or local government or governmental unit described in section 170(b)(1)(A)(v).

An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi). (Complete Part II.)

A community trust described in section 170(b)(1)(A)(vi). (Complete Part II.)

An agricultural research organization described in 170(b)(1)(A)(ix) operated in conjunction with a land-grant college or university or a non-land grant college of agriculture. See instructions. Enter the name, city, and state of the college or university:

An organization that normally receives: (1) more than 33 1/3% of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions—subject to certain exceptions, and (2) no more than 33 1/3% 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.)

An organization organized and operated exclusively to test for public safety. See section 509(a)(4).

An organization organized and operated exclusively for the benefit of, to perform the functions of, or to carry out the purposes of one or more publicly supported organizations described in section 509(a)(1) or section 509(a)(2). See section 509(a)(3). Check the box on lines 12a through 12d that describes the type of supporting organization and complete lines 12e, 12f, and 12g.

Type I. A supporting organization operated, supervised, or controlled by its supported organization(s), typically by giving the supported organization(s) the power to regularly appoint or elect a majority of the directors or trustees of the supporting organization. You must complete Part IV, Sections A and B.

Type II. A supporting organization supervised or controlled in connection with its supported organization(s), by having control or management of the supporting organization vested in the same persons that control or manage the supported organization(s). You must complete Part IV, Sections A and C.

Type III functionally integrated. A supporting organization operated in connection with, and functionally integrated with, its supported organization(s) (see instructions). You must complete Part IV, Sections A, D, and E.

Type III non-functionally integrated. A supporting organization operated in connection with its supported organization(s) that is not functionally integrated. The organization generally must satisfy a distribution requirement and an attentiveness requirement (see instructions). You must complete Part IV, Sections A and D, and Part V.

Check this box if the organization received a written determination from the IRS that it is a Type I, Type II, Type III functionally integrated, or Type III non-functionally integrated supporting organization.

Enter the number of supported organizations ...............................

Provide the following information about the supported organization(s).

(i) Name of supported organization	(ii) EIN	(iv) Is the organization listed in your governing document?		(v) Amount of monetary support (see instructions)	(vi) Amount of other support (see instructions)
(i) Name of supported organization	(ii) EIN	Yes	No	(v) Amount of monetary support (see instructions)	(vi) Amount of other support (see instructions)


Total

For Paperwork Reduction Act Notice, see the Instructions for
Form 990 or 990-EZ.

Cat. No. 11285F

Schedule A (Form 990) 2022

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 failed to qualify under the tests listed below, please complete Part III.)

Section A. Public Support

Calendar year (or fiscal year beginning in)		(a) 2018	(b) 2019	(c) 2020	(d) 2021	(e) 2022	(f) Total
1	Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grant.") ..	179,004,281	183,627,688	241,046,762	208,875,017	231,867,487	1,044,421,235
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	179,004,281	183,627,688	241,046,762	208,875,017	231,867,487	1,044,421,235
5	The portion of total contributions by each person (other than a governmental unit or publicly supported organization) included on line 1 that exceeds 2% of the amount shown on line 11, column (f) ..
6	Public support. Subtract line 5 from line 4.						1,044,421,235

Section B. Total Support

Calendar year (or fiscal year beginning in)		(a) 2018	(b) 2019	(c) 2020	(d) 2021	(e) 2022	(f) Total
7	Amounts from line 4..	179,004,281	183,627,688	241,046,762	208,875,017	231,867,487	1,044,421,235
8	Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources...	20,938,548	27,296,389	20,193,143	30,176,954	27,719,426	126,324,460
9	Net income from unrelated business activities, whether or not the business is regularly carried on..	1,854,366	999,916	930,966	1,248,759	1,556,276	6,590,283
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						1,177,335,978

Gross receipts from related activities, etc. (see instructions) ..................

5,452,206,239

First 5 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

Public support percentage for 2022 (line 6, column (f) divided by line 11, column (f)) .........

88.710 %

Public support percentage for 2020 Schedule A, Part II, line 14 ...............

88.790 %

16a

33 1/3% support test—2022. If the organization did not check the box on line 13, and line 14 is 33 1/3% or more, check this box
and stop here. The organization qualifies as a publicly supported organization ....................... right arrow

33 1/3% support test—2021. If the organization did not check a box on line 13 or 16a, and line 15 is 33 1/3% or more, check this
box and stop here. The organization qualifies as a publicly supported organization ..................... right arrow

17a

10%-facts-and-circumstances test—2022. If the organization did not check a box on line 13, 16a, or 16b, and line 14 is 10% or more, and if the organization meets the "facts-and-circumstances" test, check this box and stop here. Explain in Part VI how the organization meets the "facts-and-circumstances" test. The organization qualifies as a publicly supported organization ............ right arrow

10%-facts-and-circumstances test—2021. If the organization did not check a box on line 13, 16a, 16b, or 17a, and line 15 is 10% or more, and if the organization meets the "facts-and-circumstances" test, check this box and stop here. Explain in Part VI how the organization meets the "facts-and-circumstances" test. The organization qualifies as a publicly supported organization ............ right arrow

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) 2022

Page 3

Part III

Support Schedule for Organizations Described in Section 509(a)(2)
(Complete only if you checked the box on line 10 of Part I or if the organization failed to qualify under Part II. If the organization fails to qualify under the tests listed below, please complete Part II.)

Section A. Public Support

Calendar year (or fiscal year beginning in)		(a) 2018	(b) 2019	(c) 2020	(d) 2021	(e) 2022	(f) Total
1	Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") .
2	Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose
3	Gross receipts from activities that are not an unrelated trade or business under section 513 .....
4	Tax revenues levied for the organization's benefit and either paid to or expended on its behalf...
5	The value of services or facilities furnished by a governmental unit to the organization without charge
6	Total. Add lines 1 through 5
7a	Amounts included on lines 1, 2, and 3 received from disqualified persons
b	Amounts included on lines 2 and 3 received from other than disqualified persons that exceed the greater of $5,000 or 1% of the amount on line 13 for the year.
c	Add lines 7a and 7b..
8	Public support. (Subtract line 7c from line 6.)

Section B. Total Support

Calendar year (or fiscal year beginning in)		(a) 2018	(b) 2019	(c) 2020	(d) 2021	(e) 2022	(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 on 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.)..

First 5 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

Public support percentage for 2022 (line 8, column (f) divided by line 13, column (f)) .........

Public support percentage from 2021 Schedule A, Part III, line 15 ...............

Section D. Computation of Investment Income Percentage

Investment income percentage for 2022 (line 10c, column (f) divided by line 13, column (f)) ......

Investment income percentage from 2021 Schedule A, Part III, line 17 .............

19a

33 1/3% support tests-2022. If the organization did not check the box on line 14, and line 15 is more than 33 1/3%, and line 17 is not more than 33 1/3%, check this box and stop here. The organization qualifies as a publicly supported organization ....... right arrow

33 1/3% support tests—2021. If the organization did not check a box on line 14 or line 19a, and line 16 is more than 33 1/3% and line 18 is not more than 33 1/3%, check this box and stop here. The organization qualifies as a publicly supported organization ..... right arrow

Private foundation. If the organization did not check a box on line 14, 19a, or 19b, check this box and see instructions .... right arrow

Schedule A (Form 990) 2022

Page 4

Part IV

Supporting Organizations

(Complete only if you checked a box on line 12 of Part I. If you checked box 12a, of Part I, complete Sections A and B. If you checked box 12b, of Part I, complete Sections A and C. If you checked box 12c, of Part I, complete Sections A, D, and E. If you checked box12d, of Part I, complete Sections A and D, and complete Part V.)

Section A. All Supporting Organizations

Yes

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.

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).

Did the organization have a supported organization described in section 501(c)(4), (5), or (6)? If "Yes," answer lines 3b and 3c below.

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.

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.

Was any supported organization not organized in the United States ("foreign supported organization")? If “Yes” and if you checked box 12a or 12b in Part I, answer lines 4b and 4c below.

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.

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.

Did the organization add, substitute, or remove any supported organizations during the tax year? If “Yes,” answer lines 5b and 5c 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).

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?

Substitutions only. Was the substitution the result of an event beyond the organization's control?

Did the organization provide support (whether in the form of grants or the provision of services or facilities) to anyone other than (i) its supported organizations, (ii) individuals that are part of the charitable class benefited by one or more of its supported organizations, or (iii) 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.

Did the organization provide a grant, loan, compensation, or other similar payment to a substantial contributor (defined in section 4958(c)(3)(C)), a family member of a substantial contributor, or a 35% controlled entity with regard to a substantial contributor? If “Yes,” complete Part I of Schedule L (Form 990) .

Did the organization make a loan to a disqualified person (as defined in section 4958) not described on line 7? If “Yes,” complete Part I of Schedule L (Form 990).

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.

Did one or more disqualified persons (as defined on line 9a) hold a controlling interest in any entity in which the supporting organization had an interest? If “Yes,” provide detail in Part VI.

Did a disqualified person (as defined on line 9a) 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.

10a

Was the organization subject to the excess business holdings rules of section 4943 because of section 4943(f) (regarding certain Type II supporting organizations, and all Type III non-functionally integrated supporting organizations)? If “Yes,” answer line 10b below.

10a

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

Schedule A (Form 990) 2022

Page 5

Part IV

Supporting Organizations (continued)

Yes

Has the organization accepted a gift or contribution from any of the following persons?

A person who directly or indirectly controls, either alone or together with persons described on lines 11b and 11c below, the governing body of a supported organization?

11a

A family member of a person described on 11a above?

11b

A 35% controlled entity of a person described on line 11a or 11b above? If “Yes” to 11a, 11b, or 11c, provide detail in Part VI.

11c

Section B. Type I Supporting Organizations

Yes

Did the officers, 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.

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.

Section C. Type II Supporting Organizations

Yes

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).

Section D. All Type III Supporting Organizations

Yes

Did the organization provide to each of its supported organizations, by the last day of the fifth month of the organization’s tax year, (i) a written notice describing the type and amount of support provided during the prior tax year, (ii) a copy of the Form 990 that was most recently filed as of the date of notification, and (iii) copies of the organization’s governing documents in effect on the date of notification, to the extent not previously provided?

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).

By reason of the relationship described in line 2 above, 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.

Section E. Type III Functionally-Integrated Supporting Organizations

Check the box next to the method that the organization used to satisfy the Integral Part Test during the year (see instructions):

The organization satisfied the Activities Test. Complete line 2 below.

The organization is the parent of each of its supported organizations. Complete line 3 below.

The organization supported a governmental entity. Describe in Part VI how you supported a government entity (see instructions)

Activities Test. Answer lines 2a and 2b below.

Yes

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.

Did the activities described on line 2a, above 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.

Parent of Supported Organizations. Answer lines 3a and 3b below.

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?If "Yes" or "No", provide details in Part VI.

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.

Schedule A (Form 990) 2022

Page 6

Part V

Type III Non-Functionally Integrated 509(a)(3) Supporting Organizations

Check here if the organization satisfied the Integral Part Test as a qualifying trust on Nov. 20, 1970 (explain in Part VI). 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 0.015 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 0.035	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

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) 2022

Page 7

Part V

Type III Non-Functionally Integrated 509(a)(3) Supporting Organizations(continued)

Section D - Distributions		Current Year
1 Amounts paid to supported organizations to accomplish exempt purposes	1
2 Amounts paid to perform activity that directly furthers exempt purposes of supported organizations, in excess of income from activity	2
3 Administrative expenses paid to accomplish exempt purposes of supported organizations	3
4 Amounts paid to acquire exempt-use assets	4
5 Qualified set-aside amounts (prior IRS approval required - provide details in Part VI)	5
6 Other distributions (describe in Part VI). See instructions	6
7Total annual distributions. Add lines 1 through 6.	7
8 Distributions to attentive supported organizations to which the organization is responsive (provide details in Part VI). See instructions	8
9 Distributable amount for 2022 from Section C, line 6	9
10 Line 8 amount divided by Line 9 amount	10

Section E - Distribution Allocations (see instructions)		(i) Excess Distributions	(ii) Underdistributions Pre-2022	(iii) Distributable Amount for 2022
1 Distributable amount for 2022 from Section C, line 6
2 Underdistributions, if any, for years prior to 2022 (reasonable cause required-- explain in Part VI). See instructions.
3 Excess distributions carryover, if any, to 2022:
a From 2017.......
b From 2018.......
c From 2019.......
d From 2020.......
e From 2021.......
fTotal of lines 3a through e
g Applied to underdistributions of prior years
h Applied to 2022 distributable amount
i Carryover from 2017 not applied (see instructions)
j Remainder. Subtract lines 3g, 3h, and 3i from line 3f.
4Distributions for 2022 from Section D, line 7:
$
a Applied to underdistributions of prior years
b Applied to 2022 distributable amount
c Remainder. Subtract lines 4a and 4b from line 4.
5 Remaining underdistributions for years prior to 2022, if any. Subtract lines 3g and 4a from line 2. If the amount is greater than zero, explain in Part VI. See instructions.
6 Remaining underdistributions for 2022. Subtract lines 3h and 4b from line 1. If the amount is greater than zero, explain in Part VI. See instructions.
7 Excess distributions carryover to 2023. Add lines 3j and 4c.
8 Breakdown of line 7:
a Excess from 2018.....
b Excess from 2019.....
c Excess from 2020.....
d Excess from 2021.....
e Excess from 2022.....

Schedule A (Form 990) (2022)

Schedule A (Form 990) 2022

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) 2022

Additional Data

Software ID:
Software Version:

- TIN:

Schedule B
(Form 990)

Department of the Treasury
Internal Revenue Service

Schedule of Contributors

Attach to Form 990, 990-EZ, or 990-PF.

Go to www.irs.gov/Form990 for the latest information.

OMB No. 1545-0047

2022

Name of the organization

DREXEL UNIVERSITY

Employer identification number

23-1352630

Organization type (check one):

Filers of:

Section:

Form 990 or 990-EZ

501(c)( ) (enter number) organization

4947(a)(1) nonexempt charitable trust not treated as a private foundation

527 political organization

Form 990-PF

501(c)(3) exempt private foundation

4947(a)(1) nonexempt charitable trust treated as a private foundation

501(c)(3) taxable private foundation

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

For an organization filing Form 990, 990-EZ, or 990-PF that received, during the year, contributions totaling $5,000 or more (in money or other property) from any one contributor. Complete Parts I and II. See instructions for determining a contributor's total contributions.

Special Rules

For an organization described in section 501(c)(3) filing Form 990 or 990-EZ that met the 33¹/3% support test of the regulations
under sections 509(a)(1) and 170(b)(1)(A)(vi), that checked Schedule A (Form 990 or 990-EZ), Part II, line 13, 16a, or 16b, and that received from any one contributor, during the year, total contributions of the greater of (1) $5,000 or (2) 2% of the amount on (i) Form 990, Part VIII, line 1h, or (ii) Form 990-EZ, line 1. Complete Parts I and II.

For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, total contributions of more than $1,000 exclusively for religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals. Complete Parts I, II, and III.

For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, contributions exclusively for religious, charitable, etc., purposes, but no such contributions totaled more than $1,000. If this box is checked, enter here the total contributions that were received during the year for an exclusively religious, charitable, etc., purpose. Don't complete any of the parts unless the General Rule applies to this organization because it received nonexclusively religious, charitable, etc., contributions totaling $5,000 or more during the year ......... Arrow Bullet

Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't 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 doesn't 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) (2022)

Schedule B (Form 990) (2022) Page 2

Name of organization DREXEL UNIVERSITY

Part I Contributors	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	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
Schedule B (Form 990) (2022)

Schedule B (Form 990) (2022)

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) (2022)

Schedule B (Form 990) (2022)

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.) $ Use duplicate copies of Part III if additional space is needed.

(a)
No. from Part I

(b) Purpose 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

(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

(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

(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) (2022)

Additional Data

Software ID:
Software Version:

- TIN:

SCHEDULE C
(Form 990)

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

Go to www.irs.gov/Form990 for instructions and the latest information.

OMB No. 1545-0047

2021

Open to Public
Inspection

If the organization answered "Yes" on 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" on 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" on 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.

Provide a description of the organization’s direct and indirect political campaign activities in Part IV. See instructions for definition of “political campaign activities."

Political campaign activity expenditures. See instructions .................................................................... SchCMd Bullet

Volunteer hours for political campaign activities. See instructions ..................................................................

Part I-B

Complete if the organization is exempt under section 501(c)(3).

Enter the amount of any excise tax incurred by the organization under section 4955 ................................ SchCMd Bullet

Enter the amount of any excise tax incurred by organization managers under section 4955 ....................... SchCMd Bullet

If the organization incurred a section 4955 tax, did it file Form 4720 for this year? .........................................

Yes No

Was a correction made? ......................................................................................................................

Yes No

If "Yes," describe in Part IV.

Part I-C

Complete if the organization is exempt under section 501(c), except section 501(c)(3).

Enter the amount directly expended by the filing organization for section 527 exempt function activities ..... SchCMd Bullet

Enter the amount of the filing organization's funds contributed to other organizations for section 527 exempt function activities ............................................................................................................................ SchCMd Bullet

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

Did the filing organization file Form 1120-POL for this year? ...................................................................

Yes No

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-.
1
2
3
4
5
6

For Paperwork Reduction Act Notice, see the instructions for Form 990.

Cat. No. 50084S

Schedule C (Form 990) 2021

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 Bullet

if the filing organization belongs to an affiliated group (and list in Part IV each affiliated group member's name, address, EIN, expenses, and share of excess lobbying expenditures).
B Check SchCMd Bullet

if the filing organization checked box A and "limited control" provisions apply.

Limits on Lobbying Expenditures (The term "expenditures" means amounts paid or incurred.)		(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? ...................................................................................................................	Yes No

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) 2018	(b) 2019	(c) 2020	(d) 2021	(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) 2021

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 on lines 1a through 1i below, provide in Part IV a detailed description of the lobbying activity.

(a)

Yes|No

(b)

Amount

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:

Volunteers? ...........................................................................................................

Yes

Paid staff or management (include compensation in expenses reported on lines 1c through 1i)? ........

Media advertisements? ...................................................................................................

Mailings to members, legislators, or the public? .............................................................................

Yes

185,122

Publications, or published or broadcast statements? ...........................................................

Grants to other organizations for lobbying purposes? ..........................................................

Direct contact with legislators, their staffs, government officials, or a legislative body? .......................

Yes

444,692

Rallies, demonstrations, seminars, conventions, speeches, lectures, or any similar means? ..................

Other activities? ...................................................................................................................

Total. Add lines 1c through 1i ....................................................................................................

629,814

Did the activities in line 1 cause the organization to be not described in section 501(c)(3)? .....

If "Yes," enter the amount of any tax incurred under section 4912 ...........................................

If "Yes," enter the amount of any tax incurred by organization managers under section 4912 ...................

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

Were substantially all (90% or more) dues received nondeductible by members? ...............................................

Did the organization make only in-house lobbying expenditures of $2,000 or less? ............................................

Did the organization agree to carry over lobbying and political expenditures from the prior year? .................................

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."

Dues, assessments and similar amounts from members ......................................................................

Section 162(e) nondeductible lobbying and political expenditures (do not include amounts of political expenses for which the section 527(f) tax was paid).

Current year .............................................................................................................................

Carryover from last year ............................................................................................................

Total ...........................................................................................................................................

Aggregate amount reported in section 6033(e)(1)(A) notices of nondeductible section 162(e) dues .

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? ......................................................................................................................

Taxable amount of lobbying and political expenditures. See Instructions .........................................

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. SPECIFICALLY, WE HAVE HAD MANY SUPPORTERS OF ST. CRISTOPHER'S HOSPITAL FOR CHILDREN, WHICH IS JOINTLY OWNED BY DREXEL AND TOWER HEALTH, EXPRESS TO US THEIR DESIRE TO VOLUNTARILY EXPRESS THEIR SUPPORT FOR ST. CHRIS TO THEIR ELECTED OFFICIALS. LINE D - MAILINGS TO MEMBERS, LEGISLATORS OR THE PUBLIC: IN CASES WHERE LEGISLATION MAY OR WILL AFFECT THE UNIVERSITY, ITS SUBSIDIARIES OR HIGHER EDUCATION AND HEALTH CARE IN GENERAL, WE MAKE CONTACT WITH LEGISLATORS THROUGH MAILINGS. THESE ARE PERSONALIZED MAILINGS AS OPPOSED TO DIRECT MAIL CAMPAIGNS. LINE G - WE HAVE DIRECT CONTACT WITH LEGISLATORS, THEIR STAFFS, AND VARIOUS 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 ISSUE AT HAND.

Return Reference

Explanation

PART II-B, LINE 1:

LINE A - VOLUNTEERS: DREXEL UNIVERSITY HAS USED VOLUNTEERS TO HELP GET OUR MESSAGE TO ELECTED OFFICIALS. SPECIFICALLY, WE HAVE HAD MANY SUPPORTERS OF ST. CRISTOPHER'S HOSPITAL FOR CHILDREN, WHICH IS JOINTLY OWNED BY DREXEL AND TOWER HEALTH, EXPRESS TO US THEIR DESIRE TO VOLUNTARILY EXPRESS THEIR SUPPORT FOR ST. CHRIS TO THEIR ELECTED OFFICIALS. LINE D - MAILINGS TO MEMBERS, LEGISLATORS OR THE PUBLIC: IN CASES WHERE LEGISLATION MAY OR WILL AFFECT THE UNIVERSITY, ITS SUBSIDIARIES OR HIGHER EDUCATION AND HEALTH CARE IN GENERAL, WE MAKE CONTACT WITH LEGISLATORS THROUGH MAILINGS. THESE ARE PERSONALIZED MAILINGS AS OPPOSED TO DIRECT MAIL CAMPAIGNS. LINE G - WE HAVE DIRECT CONTACT WITH LEGISLATORS, THEIR STAFFS, AND VARIOUS 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 ISSUE AT HAND.

Schedule C (Form 990) 2021

Additional Data

Software ID:
Software Version:

- TIN:

SCHEDULE D
(Form 990)

Department of the Treasury
Internal Revenue Service

Supplemental Financial Statements

Complete if the organization answered "Yes," on 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.
SchDMd Bullet

Go to www.irs.gov/Form990 for instructions and the latest information.

OMB No. 1545-0047

2021

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" on 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 ........

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? ............

Yes No

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? ...................................

Yes No

Part II

Conservation Easements.
Complete if the organization answered "Yes" on Form 990, Part IV, line 7.

Purpose(s) of conservation easements held by the organization (check all that apply).

Preservation of land for public use (e.g., recreation or education) Preservation of an historically important land area

Protection of natural habitat Preservation of a certified historic structure

Preservation of open space

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.


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 7/25/06, and not on a historic structure listed in the National Register ...	2d

Number of conservation easements modified, transferred, released, extinguished, or terminated by the organization during the
tax year SchDMd Bullet

Number of states where property subject to conservation easement is located SchDMd Bullet

Does the organization have a written policy regarding the periodic monitoring, inspection, handling of violations, and enforcement of the conservation easements it holds? ............

Yes No

Staff and volunteer hours devoted to monitoring, inspecting, handling of violations, and enforcing conservation easements during the year
SchDMd Bullet

Amount of expenses incurred in monitoring, inspecting, handling of violations, and enforcing conservation easements during the year
SchDMd Bullet

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)? .............................

Yes No

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" on Form 990, Part IV, line 8.

If the organization elected, as permitted under FASB 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.

If the organization elected, as permitted under FASB 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 on Form 990, Part VIII, line 1 ......................... SchDMd Bullet

(ii)

Assets included in Form 990, Part X ............................... SchDMd Bullet

$ 10,858,921

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 FASB ASC 958 relating to these items:

Revenue included on Form 990, Part VIII, line 1 .......................... SchDMd Bullet

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) 2021

Page 2

Part III

Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets (continued)

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):

Public exhibition

Loan or exchange programs

Scholarly research

Other

Preservation for future generations

Provide a description of the organization’s collections and explain how they further the organization’s exempt purpose in
Part XIII.

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?...

Yes No

Part IV

Escrow and Custodial Arrangements. Complete if the organization answered "Yes" on Form 990, Part IV, line 9, or reported an amount on Form 990, Part X, line 21.

Is the organization an agent, trustee, custodian or other intermediary for contributions or other assets not
included on Form 990, Part X? ....................................

Yes No


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

Did the organization include an amount on Form 990, Part X, line 21, for escrow or custodial account liability? ...

Yes No

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" on Form 990, Part IV, line 10.

		(a) Current year	(b) Prior year	(c) Two years back	(d) Three years back	(e) Four years back

1a	Beginning of year balance ....	865,096,000	891,170,000	742,896,000	752,404,000	717,995,000
b	Contributions ...	12,224,000	10,604,000	11,173,000	8,682,000	16,601,000
c	Net investment earnings, gains, and losses	61,350,000	2,290,000	171,591,000	14,818,000	41,768,000
d	Grants or scholarships ...	13,818,000	8,696,000	10,297,000	9,657,000	7,343,000
e	Other expenditures for facilities and programs ...	32,825,000	30,272,000	24,193,000	23,351,000	16,617,000
f	Administrative expenses ....
g	End of year balance ......	892,027,000	865,096,000	891,170,000	742,896,000	752,404,000

Provide the estimated percentage of the current year end balance (line 1g, column (a)) held as:

Board designated or quasi-endowment SchDMd Bullet

34.410 %

Permanent endowment SchDMd Bullet

40.280 %

Term endowment SchDMd Bullet

25.310 %

The percentages on lines 2a, 2b, and 2c should equal 100%.

Are there endowment funds not in the possession of the organization that are held and administered for the
organization by:

Yes

(i) Unrelated organizations .................

3a(i)

(ii) Related organizations .................

3a(ii)

If "Yes" on 3a(ii), are the related organizations listed as required on Schedule R? .........

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" on 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 .....	98,082,672		98,082,672
b	Buildings ....	1,216,252,146	473,571,379	742,680,767
c	Leasehold improvements	193,257,092	72,938,232	120,318,860
d	Equipment ....	174,276,849	124,195,331	50,081,518
e	Other .....	44,689,032	28,477,687	16,211,345
Total. Add lines 1a through 1e. (Column (d) must equal Form 990, Part X, column (B), line 10(c).)..				1,027,375,162

Schedule D (Form 990) 2021

Page 3

Part VII

Investments - Other Securities.
Complete if the organization answered "Yes" on 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) INVESTMENT AT NAV (PRIVATE EQUITY, REAL ESTATE, HEDGE FUNDS, AND OTHER)	391,538,000	F
(B) REAL ESTATE & REAL ASSETS FUNDS	112,764,000	F
(B)
(C)
(D)
(E)
(F)
(G)
(H)
Total. (Column (b) must equal Form 990, Part X, col. (B) line 12.)	504,302,000

Part VIII

Investments - Program Related. Complete if the organization answered 'Yes' on 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

(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
Total. (Column (b) must equal Form 990, Part X, col.(B) line 13.)

Part IX

Other Assets.
Complete if the organization answered 'Yes' on Form 990, Part IV, line 11d. See Form 990, Part X, line 15.

(a) Description				(b) Book value
(1)OTHER				22,009,058
(2)GROUND LEASE AMORTIZATION				3,982,797
(3)CSV LIFE INSURANCE				235,669
(4)OPERATING RIGHT-OF-USE ASSETS				506,271,640
(5)FINANCE RIGHT-OF-USE ASSETS				13,401,614
(6)LOAN TO STC HEALTHCARE PARTNERS, LLC				35,250,000
(6)
(7)
(8)
(9)
Total. (Column (b) must equal Form 990, Part X, col.(B) line 15.)...........				581,150,778

Part X

Other Liabilities.
Complete if the organization answered 'Yes' on Form 990, Part IV, line 11e or 11f. See Form 990, Part X, line 25.

1.(a) Description of liability	(b) Book value
(1) Federal income taxes
(5)
(6)
(7)
(8)
(9)
Total. (Column (b) must equal Form 990, Part X, col.(B) line 25.)	667,085,322
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) 2021

Page 4

Part XI Reconciliation of Revenue per Audited Financial Statements With Revenue per Return. Complete if the organization answered 'Yes' on 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' on 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 FOUNDING COLLECTION, FOUNDED BY A.J. DREXEL IN 1892, CONSISTS OF APPROXIMATELY 8,000 WORKS OF ART. THE FOCUS OF THE COLLECTION IS PRIMARILY 19TH CENTURY EUROPEAN ART INCLUDING PAINTINGS, SCULPTURE, PRINTS, DRAWINGS, CERAMICS, PHOTOGRAPHS, SILVER, AND FURNITURE. THE FOUNDING COLLECTION IS DISPLAYED IN THREE GALLERIES: THE ANTHONY J. DREXEL PICTURE GALLERY, THE RINCLIFFE GALLERY, AND THE PAUL PECK ALUMNI CENTER GALLERY. ALL THREE SPACES ROTATE EXHIBITIONS OF BOTH INTERNAL AND LOAN ITEMS. EXHIBITIONS ARE USED AS TEACHING TOOLS FOR STUDENTS IN EXHIBITION PLANNING AND PROGRAMMING, AS WELL AS INTERNS AND CO-OPS IN THE COLLECTION. THE GALLERIES ARE FREE AND OPEN TO THE PUBLIC. OBJECTS FROM THE FOUNDING COLLECTION ARE ALSO DISPLAYED THROUGHOUT DREXEL'S THREE CAMPUSES, PRIMARILY IN DREXEL'S MAIN BUILDING AND QUEEN LANE BUILDING. THE DISPLAYS INTERPRET THE ARTWORK TO MAKE THEM MORE RELEVANT TO THE STUDENTS, FACULTY, AND STAFF. THE COLLECTION IS ALSO USED FOR CLASS WORK SHOPS, PUBLIC EXHIBITIONS, RESEARCH PROJECTS, AND PRACTICUMS.
PART V, LINE 4:	DREXEL UNIVERSITY HAD AN ENDOWMENT SPENDING RULE THAT LIMITED THE SPENDING OF ENDOWMENT RESOURCES TO 7.0% OF THE AVERAGE FAIR VALUE OF THE POOLED ENDOWMENT PORTFOLIO FOR THE PRIOR SEVEN FISCAL YEARS. TO THE EXTENT THAT THE 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 OPERATIONS, SCHOLARSHIPS, ACADEMIC PROGRAMS AND PROFESSORSHIPS.
PART X, LINE 2:	THE UNIVERSITY HAS BEEN GRANTED TAX-EXEMPT STATUS AS A NON-PROFIT 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. THE UNIVERSITY FILES U.S. FEDERAL, STATE AND LOCAL INFORMATIONAL 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 ENGAGE IN ACTIVITIES THAT ARE SUBJECT TO UNRELATED BUSINESS INCOME TAXES FOR WHICH APPROPRIATE INCOME TAX RETURNS ARE FILED. THE FINANCIAL ACCOUNTING STANDARDS BOARD ("FASB") ISSUED ACCOUNTING STANDARDS CODIFICATION ("ASC") NO.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 THAT REQUIRE RECOGNITION IN THE FINANCIAL STATEMENTS.

Schedule D (Form 990) 2021

Additional Data

Software ID:
Software Version:

- TIN:

SCHEDULE E(Form 990)

Department of the Treasury
Internal Revenue Service

Schools

Complete if the organization answered "Yes" on 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

Go to www.irs.gov/Form990EZ for the latest information.

OMB No. 1545-0047 2022Open to Public Inspection

Name of the organization

DREXEL UNIVERSITY

Employer identification number

23-1352630

Part I

YES

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? . . . . . . . . . . . . . . . . . .

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? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Has the organization publicized its racially nondiscriminatory policy on its primary publicly accessible Internet homepage at

all times during its taxable year in a manner reasonably expected to be noticed by visitors to the homepage, or 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. . . . . . . . . . . . . . . . . . .

Does the organization maintain the following?

Records indicating the racial composition of the student body, faculty, and administrative staff? . . . . . . . . .

Yes

Records documenting that scholarships and other financial assistance are awarded on a racially nondiscriminatory

basis? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Yes

Copies of all catalogues, brochures, announcements, and other written communications to the public dealing

with student admissions, programs, and scholarships? . . . . . . . . . . . . . . . . . . . . . . .

Yes

Copies of all material used by the organization or on its behalf to solicit contributions? . . . . . . . . . . . .

Yes

If you answered "No" to any of the above, please explain. If you need more space, use Part II.

Does the organization discriminate by race in any way with respect to:

Students' rights or privileges? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Admissions policies? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Employment of faculty or administrative staff? . . . . . . . . . . . . . . . . . . . . . . . . .

Scholarships or other financial assistance? . . . . . . . . . . . . . . . . . . . . . . . . . .

Educational policies? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Use of facilities? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Athletic programs? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Other extracurricular activities? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

If you answered "Yes" to any of the above, please explain. If you need more space, use Part II.

Does the organization receive any financial aid or assistance from a governmental agency? . . . . . . . . . .

Yes

Has the organization's right to such aid ever been revoked or suspended? . . . . . . . . . . . . . . . .

If you answered "Yes" to either line 6a or line 6b, explain on Part II.

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, as modified by Rev. Proc. 2019-22, 2019-22 I.R.B. 1260, covering racial nondiscrimination? If "No," explain on Part II. . . . . . . . . . . . . . . . . . . . . . . . . .

Yes

Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.

Cat. No. 50085D

Schedule E (Form 990) (2022)

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 ON ITS WEBSITE: HTTPS://DREXEL.EDU/EQUITY-INCLUSIVE-CULTURE/POLICIES/EIC-1

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 DIRECT STUDENT LOAN PROGRAM (SUBSIDIZED, UNSUBSIDIZED, AND PLUS LOANS FOR BOTH PARENT AND GRADUATE STUDENTS). 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) (2022)

Additional Data

Software ID:
Software Version:

- TIN:

SCHEDULE F(Form 990)

Department of the Treasury
Internal Revenue Service

Statement of Activities Outside the United States

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

Go to www.irs.gov/Form990 for instructions and the latest information.

OMB No. 1545-0047

2022

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" on Form 990, Part IV, line 14b.

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? . . . . . . . . . . . . . . . . . . . . . . . . .

Yes

For grantmakers. Describe in Part V the organization’s procedures for monitoring the use of its grants and other assistance outside the United States.

Activites per Region. (The following Part I, line 3 table can be duplicated if additional space is needed.)

(a) Region		(d) Activities conducted in region (by type) (such as, 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 the region	(f) Total expenditures for and investments in the region
	EUROPE	FUNDRAISING		106,935
	EUROPE	PROGRAM SERVICES	ATHLETICS	16,403
	EUROPE	PROGRAM SERVICES	CONFERENCES/TRAVEL	909,969
	MIDDLE EAST & NORTH AFRICA	PROGRAM SERVICES	CONFERENCES/TRAVEL	33,432
	EAST ASIA AND THE PACIFIC	PROGRAM SERVICES	CONFERENCE/TRAVEL	50,091
	SOUTH ASIA	PROGRAM SERVICES	CONFERENCES/TRAVEL	49,417
	NORTH AMERICA	PROGRAM SERVICES	CONFERENCES/TRAVEL	63,425
	SUB-SAHARAN AFRICA	PROGRAM SERVICES	CONFERENCES/TRAVEL	60,284
	NORTH AMERICA	PROGRAM SERVICES	RECRUITING	240
	EAST ASIA AND THE PACIFIC	PROGRAM SERVICES	RECRUITING	769
	NORTH AMERICA	PROGRAM SERVICES	RESEARCH	851,192
	EAST ASIA AND THE PACIFIC	PROGRAM SERVICES	RESEARCH	158,400
	SOUTH AMERICA	PROGRAM SERVICES	RESEARCH	515,861
	SUB-SAHARAN AFRICA	PROGRAM SERVICES	RESEARCH	321,143
	CENTRAL AMERICA	PROGRAM SERVICES	RESEARCH	101,783
	EUROPE	PROGRAM SERVICES	RESEARCH	1,356,743
	SOUTH ASIA	PROGRAM SERVICES	RESEARCH	3,840
	CENTRAL AMERICA	PROGRAM SERVICES	STUDY ABROAD	74,075
	EUROPE	PROGRAM SERVICES	STUDY ABROAD	1,007,057
	NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES	PROGRAM SERVICES	ATHLETICS	38,353
	CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS,	PROGRAM SERVICES	CONFERENCES/TRAVEL	2,263
	MIDDLE EAST AND NORTH AFRICA - ALGERIA, BAHRAIN, DJIBOUTI, EGYPT,	PROGRAM SERVICES	RESEARCH	297,908
	SOUTH ASIA	FUNDRAISING		7,250
	SOUTH ASIA	PROGRAM SERVICES	STUDY ABROAD	1,386
	EAST ASIA AND THE PACIFIC	PROGRAM SERVICES	STUDY ABROAD	51,193
	SOUTH AMERICA	PROGRAM SERVICES	STUDY ABROAD	19,198
	SOUTH AMERICA	PROGRAM SERVICES	CONFERENCES/TRAVEL	12,233
	EAST ASIA AND THE PACIFIC	PROGRAM SERVICES	ATHLETICS	57
	SUB-SAHARAN AFRICA	PROGRAM SERVICES	STUDY ABROAD	9,643
	SOUTH AMERICA	PROGRAM SERVICES	ATHLETICS	1,947
	RUSSIA AND NEIGHBORING STATES	PROGRAM SERVICES	CONFERENCES/TRAVEL	639
	NORTH AMERICA	PROGRAM SERVICES	STUDY ABROAD	396
	MIDDLE EAST AND NORTH AFRICA	PROGRAM SERVICES	STUDY ABROAD	10,410
3a	Sub-total ....			1,289,956
b	Total from continuation sheets to Part I ...			4,843,979
c	Totals (add lines 3a and 3b)			6,133,935

For Paperwork Reduction Act Notice, see the Instructions for Form 990.Cat. No. 50082W Schedule F (Form 990) 2022

Schedule F (Form 990) 2022

Page 2

Part II

Grants and Other Assistance to Organizations or Entities Outside the United States. Complete if the organization answered "Yes" on 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.

(c) Region	(d) Purpose of grant	(e) Amount of cash grant	(f) Manner of cash disbursement
NORTH AMERICA	RESEARCH	6,272	WIRE
NORTH AMERICA	RESEARCH	8,297	WIRE
SUB-SAHARAN AFRICA	RESEARCH	16,734	WIRE
SOUTH AMERICA	RESEARCH	37,841	WIRE
SOUTH AMERICA	RESEARCH	47,588	WIRE
SOUTH AMERICA	RESEARCH	48,137	WIRE
NORTH AMERICA	RESEARCH	48,250	WIRE
EUROPE (INCLUDING ICELAND AND GREENLAND)	RESEARCH	50,029	WIRE
NORTH AMERICA	RESEARCH	99,646	WIRE
SOUTH AMERICA	RESEARCH	59,327	WIRE
EAST ASIA AND THE PACIFIC	RESEARCH	124,917	WIRE
CENTRAL AMERICA AND THE CARIBBEAN	RESEARCH	85,115	WIRE
SOUTH AMERICA	RESEARCH	103,482	WIRE
NORTH AMERICA	RESEARCH	84,922	WIRE
NORTH AMERICA	RESEARCH	198,831	WIRE
EUROPE (INCLUDING ICELAND AND GREENLAND)	RESEARCH	108,813	WIRE
SOUTH AMERICA	RESEARCH	201,227	WIRE
NORTH AMERICA	RESEARCH	239,229	WIRE
MIDDLE EAST AND NORTH AFRICA	RESEARCH	206,538	WIRE
EUROPE (INCLUDING ICELAND AND GREENLAND)	RESEARCH	50,195	WIRE
MIDDLE EAST AND NORTH AFRICA	RESEARCH	50,896	WIRE
SUB-SAHARAN AFRICA	RESEARCH	184,800	WIRE
EUROPE (INCLUDING ICELAND AND GREENLAND)	RESEARCH	226,647	WIRE
NORTH AMERICA	RESEARCH	234,494	WIRE
EUROPE (INCLUDING ICELAND AND GREENLAND)	RESEARCH	269,392	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 .......	25
3	Enter total number of other organizations or entities .......................	0

Schedule F (Form 990) 2022

Schedule F (Form 990) 2022Page 3

Part III

Grants and Other Assistance to Individuals Outside the United States. Complete if the organization answered "Yes" on Form 990, Part IV, line 16.

Part III can be duplicated if additional space is needed.

	(b) Region	(c) Number of recipients	(d) Amount of cash grant	(e) Manner of cash disbursement
SCHOLARSHIPS	EUROPE	19	162,100	CHECK
SCHOLARSHIPS	EAST ASIA AND THE PACIFIC	12	178,000	CHECK

Schedule F (Form 990) 2022

Page 4

Part IV

Foreign Forms

Schedule F (Form 990) 2022

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:	DREXEL'S OFFICE OF RESEARCH HAS RESPONSIBILITY FOR OVERSEEING GRANTS (TYPICALLY SUBAWARDS) TO FOREIGN ORGANIZATIONS. THE OFFICE OF RESEARCH BEGINS WITH A "PRE-AWARD PROCESS," WHICH INVOLVES GATHERING BACKGROUND INFORMATION ABOUT THE POTENTIAL GRANTEE, CONDUCTING A RISK ASSESSMENT WITH RESPECT TO THE POTENTIAL GRANTEE, DEVELOPING APPROPRIATE TERMS FOR THE GRANTS, AND ENTERING INTO A WRITTEN AGREEMENT WITH THE GRANTEE. ONCE A GRANT HAS BEEN APPROVED IN PRINCIPLE, THE OFFICE OF RESEARCH FOCUSES ON THE "OPERATIONS AND COMPLIANCE PROCESS," WHICH INVOLVES USING VISUAL COMPLIANCE TO SCREEN PAYEES AGAINST THE "SPECIALLY DESIGNATED NATIONALS" LIST OF THE TREASURY DEPARTMENT'S OFFICE OF FOREIGN ASSET CONTROL AND SIMILAR WATCH LISTS. ONCE THE GRANTEE HAS PASSED THIS SCREENING AND THERE IS A WRITTEN GRANT AGREEMENT, THE OFFICE OF RESEARCH MOVES TO THE "POST-AWARD PROCESS AND EXPENSES MONITORING." THIS INVOLVES REVIEWING PROPOSED GRANT PAYMENTS TO ENSURE THAT THE GRANTEE HAS PROVIDED APPROPRIATE DOCUMENTATION FOR THE GRANT EXPENSES AND THAT SUCH EXPENSES FALL WITHIN THE CATEGORY OF "ALLOWABLE EXPENSES" UNDER THE PARTICULAR PRIME GRANT OR CONTRACT. DREXEL ALSO REQUIRES THE PRINCIPAL INVESTIGATOR OF THE PRIME GRANT OR CONTRACT (WHO IS TYPICALLY A DREXEL PROFESSOR OR RESEARCHER) TO APPROVE THE PROPOSED PAYMENTS AND DOCUMENTATION OF THE SERVICES RENDERED PRIOR TO MAKING PAYMENT. IF THERE ARE QUESTIONS ABOUT THE USE OF FUNDS BY A GRANTEE, DREXEL CONDUCTS AN INVESTIGATION AND WITHHOLDS ANY FURTHER PAYMENT PENDING RESOLUTION OF THE INVESTIGATION.
PART I, LINE 3:	THE ACCRUAL ACCOUNTING METHOD IS USED TO ACCOUNT FOR THE EXPENSES.
PART III ACCOUNTING METHOD:

Schedule F (Form 990) 2022

Additional Data

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- TIN:

SCHEDULE G (Form 990)

Department of the Treasury
Internal Revenue Service

Supplemental Information Regarding
Fundraising or Gaming Activities

Complete if the organization answered "Yes" on Form 990, Part IV, lines 17, 18, or 19, or if the organization entered more than $15,000 on Form 990-EZ, line 6a. right arrow

Attach to Form 990 or Form 990-EZ.
right arrow

Go to www.irs.gov/Form990 for instructions and the latest information.

OMB No. 1545-0047

2022

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" on Form 990, Part IV, line 17.

Form 990-EZ filers are not required to complete this part.

Indicate whether the organization raised funds through any of the following activities. Check all that apply.

a	Mail solicitations	e	Solicitation of non-government grants
b	Internet and email solicitations	f	Solicitation of government grants
c	Phone solicitations	g	Special fundraising events
d	In-person solicitations

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?

YesNo

If "Yes," list the 10 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
	RUFFALO NOEL LEVITZ 1025 KIRKWOOD PARKWAY SW CEDAR RAPIDS, IA52404	PHONE SOLICITATION PROGRAM		No	9,932	111,282	-101,350
	ALBERT CHECCIO DBA ALBERT R CHECCIO LLC 429 CONESTOGA ROAD WAYNE, PA19087	CONSULT ON FUNDRAISING STRATEGY		No	0	360,000	-360,000








Total . . . . . . . . . . . . . . . . . . . .					9,932	471,282	-461,350

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, AZ, AR, CA, CO, CT, DE, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NY, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, WY

For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.

Cat. No. 50083H

Schedule G (Form 990) 2022

Page 2

Part II

Fundraising Events. Complete if the organization answered "Yes" on 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 BUSINESS LEADER LUNCHEON LEVENSON (event type)	(b) Event #2 DAVID O'BRIEN MEMORIAL GOLF OUTING (event type)	(c) Other events 3 (total number)	(d) Total events (add col. (a) through col. (c))
1	Gross receipts . . . . .	89,300	69,335	117,648	276,283
2	Less: Contributions . . . .	80,375	48,935	80,150	209,460
3	Gross income (line 1 minus line 2) . . . . . .	8,925	20,400	37,498	66,823

4	Cash prizes . . . . .
5	Noncash prizes . . . .		10,168	9,045	19,213
6	Rent/facility costs . . . .		8,991	46,000	54,991
7	Food and beverages . . .	17,248	13,815	6,759	37,822
8	Entertainment . . . .
9	Other direct expenses . . .	60,130	738	21,808	82,676
10	Direct expense summary. Add lines 4 through 9 in column (d) . . . . . . . . . .				194,702
11	Net income summary. Subtract line 10 from line 3, column (d). . . . . . . . . .				-127,879

Part III

Gaming. Complete if the organization answered "Yes" on Form 990, Part IV, line 19, or reported more than $15,000 on Form 990-EZ, line 6a.

		(a) Bingo	(b) Pull tabs/Instant bingo/progressive bingo	(c) Other gaming	(d) Total gaming (add col.(a) through col.(c))
1	Gross revenue . . . . .

2	Cash prizes . . . . .
3	Noncash prizes . . . .
4	Rent/facility costs . . . .
5	Other direct expenses . . .

Volunteer labor . . . .

	Yes %
	No

	Yes %
	No

	Yes %
	No

Direct expense summary. Add lines 2 through 5 in column (d) . . . . . . . . . . right arrow

Net gaming income summary. Subtract line 7 from line 1, column (d). . . . . . . . . right arrow

Enter the state(s) in which the organization conducts gaming activities:

Is the organization licensed to conduct gaming activities in each of these states? . . . . . . . .

YesNo

If "No," explain:

10a

Were any of the organization's gaming licenses revoked, suspended or terminated during the tax year? . . .

YesNo

If "Yes," explain:

Schedule G (Form 990) 2022

Page 3

Does the organization conduct gaming activities with nonmembers? . . . . . . . . . . .

YesNo

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? . . . . . . . . . . . . . . . . .

YesNo

Indicate the percentage of gaming activity conducted in:

The organization's facility . . . . . . . . . . . . . . . . . .

13a

An outside facility . . . . . . . . . . . . . . . . . . . .

13b

Enter the name and address of the person who prepares the organization's gaming/special events books and records:

Name

Address

15a

Does the organization have a contract with a third party from whom the organization receives gaming

revenue? . . . . . . . . . . . . . . . . . . . . . . . .

YesNo

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

$ .

If "Yes," enter name and address of the third party:

Name

Address

Gaming manager information:

Name

Gaming manager compensation right arrow

Description of services provided right arrow

Director/officer Employee Independent contractor

Mandatory distributions:

Is the organization required under state law to make charitable distributions from the gaming proceeds to

retain the state gaming license? . . . . . . . . . . . . . . . . . . .

YesNo

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) 2022

Additional Data

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Software Version:

- TIN:

Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

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," on Form 990, Part IV, line 21 or 22.
lBullet

Attach to Form 990.
lBullet

Go to www.irs.gov/Form990 for the latest information.

OMB No. 1545-0047

2022

Open to Public
Inspection

Name of the organization
DREXEL UNIVERSITY

Employer identification number
23-1352630

Part I

General Information on Grants and Assistance

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? ........................

Yes No

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" on 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	(h) Purpose of grant or assistance
(1) CLARITY ASSESSMENT SYSTEMS LTD 300 LAKESHORE RD OSWEGO,NY13126	85-2450527	FOR-PROFIT	147,435	RESEARCH
(2) 21ST CENTURY PARTNERSHIP FOR STEM EDUCATION 230 SUGARTOWN ROAD SUITE 100 WAYNE,PA19087	26-1164919	501 C 3	134,429	RESEARCH
(3) AAPLASMA 1325 S 33RD ST STE 101 PHILADELPHIA,PA19146	82-2448686	FOR-PROFIT	99,623	RESEARCH
(4) ARXIS LEAGUE INC 536 73RD STREET BROOKLYN,NY11209	27-0466398	FOR-PROFIT	187,844	RESEARCH
(5) AUGUSTA UNIVERSITY RESEARCH INSTITUTE INC 1120 15TH STREET AUGUSTA,GA30912	58-1418202	501 C 3	18,424	RESEARCH
(6) BCDI - PHILADELPHIA & VICINITY 5100 HAZEL AVE PHILADELPHIA,PA19143	26-0472689	501 C 3	20,000	RESEARCH
(7) BELMONT CHARTER SCHOOL 4030 BROWN ST PHILADELPHIA,PA19104	37-1437182	501 C 3	58,500	RESEARCH
(8) BETH ISRAEL DEACONESS MEDICAL CTR 330 BROOKLINE AVE BL556 BOSTON,MA02215	04-2103881	501 C 3	9,124	RESEARCH
(9) BOARD OF REGENTS UNIV OF WISCONSIN HARLOW CENTER FOR BIOLOGICAL PSYCHOLOGY 22 N CHARTER ST MADISON,WI53715	39-6006492	501 C 3	126,865	RESEARCH
(10) BRIGHAM AND WOMEN'S HOSPITAL BRINGHAM AND WOMENS HOPSITAL - RESEARCH FINANCE PO BOX 3149 BOSTON,MA02241	04-2312909	501 C 3	114,072	RESEARCH
(11) CALIFORNIA STATE UNIVERSITY SAN MARCOS CORPORATION 333 S TWIN OAKS VALLEY RD SAN MARCOS,CA92096	33-0397688	501 C 3	23,004	RESEARCH
(12) CASE WESTERN RESERVE UNIVERSITY PO BOX 74056 CLEVELAND,OH44194	34-1018992	501 C 3	149,849	RESEARCH
(13) CHEYNEY UNIVERSITY P O BOX 138 CHEYNEY,PA19319	23-2478688	115	16,206	RESEARCH
(14) CHILDRENS HOSPITAL LOS ANGELES 4650 SUNSET BOULEVARD MAILSTOP 84 LOS ANGELES,CA90027	95-1690977	501 C 3	624,305	RESEARCH
(15) CHILDREN'S HOSPITAL OF PHILADELPHIA 1610 CHRISTIAN STREET PHILADELPHIA,PA19146	23-1352166	501 C 3	436,447	RESEARCH
(16) CITY OF PHILADELPHIA FAIRMOUNT PARK PHILADELPHIA PARKS RECREATION 1515 ARCH ST FL 10 PHILADELPHIA,PA19102	23-6003047	501 C 3	13,500	RESEARCH
(17) COLORADO SCHOOL OF MINES PO BOX 735377 DALLAS,TX75373	84-6000551	501 C 3	101,099	RESEARCH
(18) COLORADO STATE UNIVERSITY 1001 CAMPUS DELIVERY FORT COLLINS,CO805230001	84-6000545	115	22,862	RESEARCH
(19) COMMUNITY COLLEGE OF PHILADELPHIA GRANTS OFFICE 1700 SPRING GARDEN STREET BG-38 PHILADELPHIA,PA19130	23-2612698	501 C 3	24,340	RESEARCH
(20) COMMUNITY INEGRATED SERVICES 441 N 5TH ST PHILADELPHIA,PA19123	23-2648381	501 C 3	15,000	RESEARCH
(21) DANA-FARBER CANCER INSTITUTE PO BOX 412846E BOSTON,MA022412846	04-2263040	501 C 3	339,413	RESEARCH
(22) DELAWARE STATE UNIV 1200 N DUPONT HWY DOVER,DE19901	51-0305893	501 C 3	42,611	RESEARCH
(23) EDUCATION PLUS HEALTH 100 W OXFORD ST E-1100 PHILADELPHIA,PA191226091	82-0374669	501 C 3	31,750	RESEARCH
(24) EDUCATIONAL DATA SYSTEMS INC 15300 COMMERCE DRIVE N STE 200 DEARBORN,MI48120	38-2272565	FOR-PROFIT	115,180	RESEARCH
(25) EMORY UNIVERSITY 1518 CLIFTON ROAD ROOM 266 MAILSTOP MS 1518-002-5AA ATLANTA,GA30322	58-0566256	501 C 3	99,397	RESEARCH
(26) ESPERANZA HEALTH CENTER INC 4417 N 6TH ST PHILADELPHIA,PA19140	23-2480701	501 C 3	78,925	RESEARCH
(27) FABYOUTHPHILADELPHIA 1928 E ARIZONA ST PHILADELPHIA,PA191251502	85-3823851	501 C 3	602,629	RESEARCH
(28) FIRST UP 1608 WALNUT STREET SUITE 300 PHILADELPHIA,PA19103	23-6438144	501 C 3	300,411	RESEARCH
(29) GEORGIA TECH RESEARCH CORP P O BOX 100117 ATLANTA,GA30384	58-0603146	501 C 3	394,059	RESEARCH
(30) GREENER PARTNERS PO BOX 221 FAIRVIEW VILLAGE,PA19409	26-2212927	501 C 3	120,125	RESEARCH
(31) HARVARD UNIVERSITY PO BOX 415649 BOSTON,MA02241	04-2103580	501 C 3	250,237	RESEARCH
(32) ICAHN SCHOOL OF MEDICINE AT MOUNT SINAI PO BOX 3500 SPONSORED PROJECTS FINANCE ONE GUSTAVE LEVY PL NEW YORK,NY10029	13-6171197	501 C 3	397,470	RESEARCH
(33) INDIANA UNIVERSITY DEPT 78867 PO BOX 78000 DETROIT,MI48278	35-6001673	501 C 3	107,855	RESEARCH
(34) JOHNS HOPKINS UNIVERSITY PO BOX 65045 BALTIMORE,MD21264	52-0595110	501 C 3	592,100	RESEARCH
(35) KAISER FOUNDATION RESEARCH INSTITUTE PO BOX 748165 LOS ANGELES,CA900741816	94-1105628	501 C 3	164,150	RESEARCH
(36) KENNEDY KRIEGER INSTITUTE INC HUGO W MOSER RESEARCH 707 N BROADWAY BALTIMORE,MD21205	52-1524965	501 C 3	162,560	RESEARCH
(37) MEDICAL DECISION LOGIC INC 7921 RUXWAY ROAD TOWSON,MD212043515	52-2065265	FOR-PROFIT	60,000	RESEARCH
(38) MEDICAL UNIVERSITY OF SOUTH CAROLINA CAROLINA LIBRARY 171 ASHLEY AVE MSC 403 CHARLESTON,SC294253001	57-6000722	115	180,570	RESEARCH
(39) MENTAL HEALTH PARTNERSHIPS INC PO BOX 40049 PHILADELPHIA,PA19106	23-1425035	501 C 3	67,375	RESEARCH
(40) MONTANA STATE UNIVERSITY PO BOX 172470 BOZEMAN,MT59717	81-6010045	115	11,986	RESEARCH
(41) NATIONAL INSTITUTE OF STANDARDS & TECHNOLOGY NANOFAV USER OFFICE 100 BUREAU DRIVE MS 6201 GAITHERSBURG,MD208996201	53-0205706	115	106,980	RESEARCH
(42) NEW YORK UNIVERSITY 70 WASHINGTON SQUARE SOUTH LL2033 NEW YORK,NY10012	13-5562308	501 C 3	187,142	RESEARCH
(43) NORTHWESTERN UNIVERSITY 1801 MAPLE AVE STE 2410 EVANSTON,IL60201	36-2167817	501 C 3	70,814	RESEARCH
(44) PA CHAPTER OF THE AMERICAN ACADEMY OF PEDIATRICS 661 MOORE ROAD SUITE 200 KING OF PRUSSIA,PA19046	23-7135840	501 C 3	30,937	RESEARCH
(45) PENNSYLVANIA STATE UNIVERSITY UNIVERSITY LIBRARIES BUSINESS OFFICE 512 PATERNO LIBRARY UNIVERSITY PARK,PA16802	24-6000376	115	95,061	RESEARCH
(46) PHILADELPHIA ACADEMIES INC 244 AMBERFIELD DRIVE MOUNT LAUREL,NJ08054	22-2442433	501 C 3	134,545	RESEARCH
(47) POPULATION COUNCIL ONE DAG HAMMARSKJOLD PLAZA 3RD FLOOR NEW YORK,NY10017	13-1687001	501 C 3	89,064	RESEARCH
(48) PREVENTION POINT PHILADELPHIA 2913 KENSINGTON AVE PHILADELPHIA,PA19143	23-2663699	501 C 3	39,751	RESEARCH
(49) REGENTS OF THE UNIV OF MICHIGAN UNIT FOR LABORATORY ANIMAL MEDICINE ULAM INVIVO ANIMAL CORE ANN ARBOR,MI481095010	38-6006309	501 C 3	32,379	RESEARCH
(50) REGENTS OF THE UNIVERSITY OF CALIFONIA OF SAN DIEGO 9500 GILMAN DR MAIL CODE 0954 LA JOLLA,CA92093	95-6006144	501 C 3	13,345	RESEARCH
(51) REGENTS OF THE UNIVERSITY OF CALIFORNIA UCLA SCHOOL OF LAW 385 CHARLES E YOUNG DR E LOS ANGELES,CA900957246	95-6006143	501 C 3	454,443	RESEARCH
(52) REGENTS OF THE UNIVERSITY OF CALIFORNIA BERKELEY CONTRACTS GRANTS ACCOUNTING PO BOX 744695 LOS ANGELES,CA900744695	94-6002123	501 C 3	122,465	RESEARCH
(53) REGENTS OF THE UNIVERSITY OF MINNESOTA REGENTS OF THE UNIV NW 5957 P O BOX 1450 MINNEAPOLIS,MN55485	41-6007513	501 C 3	32,556	RESEARCH
(54) REGENTS OF UNIV OF CALIFORNIA BERKELEY CONTRACTS GRANTS ACCOUNTING PO BOX 744695 LOS ANGELES,CA900744695	94-6002123	501 C 3	2,292,571	RESEARCH
(55) REGENTS OF UNIVERSITY OF CALIFORNIA DAVIS UC DAVIS AR LOCKBOX PO BOX 741816 LOS ANGELES,CA900741816	94-6036494	501 C 3	1,036,452	RESEARCH
(56) RESEARCH TRIANGLE INSTITUTE PO BOX 896945 CHARLOTTE,NC282896945	56-0686338	501 C 3	71,935	RESEARCH
(57) ROCHESTER INSTITUTE OF TECHNOLOGY RIT CHAPTER OF SOCIETY OF ASIAN SCIENTISTS AND ENGINEERS 27 LOMB ME ROCHESTER,NY14623	16-0743140	501 C 3	113,957	RESEARCH
(58) ROWAN UNIVERSITY 201 MULLICA HILL RD GLASSBORO,NJ08028	22-2764819	115	67,974	RESEARCH
(59) SCHOOL DISTRICT OF PHILA 1600 WEST NORRIS STREET PHILADELPHIA,PA19121	23-7091186	501 C 3	377,682	RESEARCH
(60) ST JOSEPH'S UNIVERSITY SJU ATHLETICS 5600 CITY AVE PHILADELPHIA,PA19131	23-1352674	501 C 3	14,205	RESEARCH
(61) ST JUDE CHILDRENS RESEARCH HOSPITAL PO BOX 1000 DEPARTMENT 949 MEMPHIS,TN38148	62-0646012	501 C 3	136,557	RESEARCH
(62) STOCKTON UNIVERSITY 553 S FRANKFURT AVE MAYS LANDING,NJ08330	22-2832788	501 C 3	54,843	RESEARCH
(63) SUNRISE OF PHILADELPHIA INC 907 CENTRELL ST PHILADELPHIA,PA19148	23-3043690	501 C 3	350,000	RESEARCH
(64) SUNY (STATE UNIVERSITY OF NEW YORK) SUNY GENESO IDS PROJECT 1 COLLEGE CIRCLE GENESEO,NY14454	14-6013200	115	5,118	RESEARCH
(65) TEMPLE UNIVERSITY 1800 N BROAD STREET SUITE 303 PHILADELPHIA,PA191226091	23-1365971	501 C 3	766,414	RESEARCH
(66) TEXAS A&M UNIVERSITY HEALTH SCIENCE CENTER 400 HARVEY MITCHELL PARKWAY SOUTH SUITE 300 COLLEGE STATION,TX77845	74-2907553	501 C 3	39,643	RESEARCH
(67) THE CATHOLIC UNIVERSITY OF AMERICA 620 MICHIGAN AVE NE MCMAHON HALL WASHINGTON,DC20064	53-0196583	501 C 3	16,211	RESEARCH
(68) THE PHILADELPHIA AIDS CONSORTIUM 112 N BROAD STREET 5TH FLOOR PHILADELPHIA,PA19102	23-2579594	501 C 3	60,757	RESEARCH
(69) THE REGENTS OF NEW MEXICO STATE UNIVERSITY PO BOX 30002 LAS CRUCES,NM88003	85-6000401	115	15,653	RESEARCH
(70) THE STATE UNIVERSITY RUTGERS 132 GREAT BAY BLVD TUCKERTON,NJ08087	22-6001086	501 C 3	25,500	RESEARCH
(71) THOMAS JEFFERSON UNIVERSITY DIVISIONS OF INFECTIOUS DISEASES AND NEPHROLOGY 1101 MARKET ST SUITE PHILADELPHIA,PA191076731	23-1352651	501 C 3	62,836	RESEARCH
(72) TRUSTEES OF BOSTON UNIVERSITY BOSTON UNIVERSITY GIFT PROCESSING C/O JPMORGAN CHASE CO PO BOX 22605 NEW YORK,NY10087	04-2103547	501 C 3	11,228	RESEARCH
(73) TRUSTEES OF COLUMBIA UNIVERSITY IN THE CITY OF NEW YORK ZUCKERMAN MIND BRAIN BEHAVIOR INSTITUTE 615 W 131ST ST 6TH FL MC8 NEW YORK,NY10027	13-5598093	501 C 3	356,229	RESEARCH
(74) TRUSTEES OF THE UNIVERSITY OF ILLINOIS GRANTS CONTRACTS 28392 NETWORK PL CHICAGO,IL606731283	37-6000511	501 C 3	413,393	RESEARCH
(75) TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA SMILOW CENTER FOR TRANSLATION RESEARCH 3400 CIVIC CENTER BLVD SCT PHILADELPHIA,PA19104	23-1352685	501 C 3	2,111,036	RESEARCH
(76) TRUSTEES OF TUFTS COLLEGE POST-AWARD RESEARCH ADMINISTRATION 80 GEORGE STREET MEDFORD,MA02155	04-2103634	501 C 3	104,984	RESEARCH
(77) UNIV OF CONNECTICUT HBT LIBRARY ILL DEPARTMENT 1800 ASYLUM AVE WEST HARTFORD,CT06117	06-0772160	501 C 3	243,054	RESEARCH
(78) UNIVERSITY CITY DISTRICT 3940-42 CHESTNUT ST PHILADELPHIA,PA19104	23-2913784	501 C 3	68,117	RESEARCH
(79) UNIVERSITY OF ARIZONA SPONSORED PROJECTS CONTRACTING SERVICES P O BOX 41867 TUCSON,AZ85717	74-2652689	115	14,132	RESEARCH
(80) UNIVERSITY OF CHICAGO 105 WEST ADAMS STREET SUITE 1700 CHICAGO,IL60603	36-2177139	501 C 3	149,414	RESEARCH
(81) UNIVERSITY OF DELAWARE FENCING CLUB 210 SOUTH COLLEGE AVE NEWARK,DE19716	51-6000297	501 C 3	103,365	RESEARCH
(82) UNIVERSITY OF HOUSTON TREASURERS OFFICE PO BOX 988 HOUSTON,TX77001	74-6001399	501 C 3	204,240	RESEARCH
(83) UNIVERSITY OF MARYLAND CHESAPEAKE BIOLOGICAL LABORATORY PO BOX 38 SOLOMONS,MD20688	52-6002033	501 C 3	73,998	RESEARCH
(84) UNIVERSITY OF MIAMI COLLABORATIVE INSTITUTIONAL TRAINING INITIATIVE PROGRAM PO BOX MIAMI,FL33102	59-0624458	501 C 3	97,255	RESEARCH
(85) UNIVERSITY OF MISSISSIPPI MEDICAL CENTER 2500 NORTH STATE ST ROOM U-019 JACKSON,MS39216	64-6008520	501 C 3	13,388	RESEARCH
(86) UNIVERSITY OF NEBRASKA MEDICAL CENTER ACCOUNTS RECEIVABLE 985045 NEBRASKA MEDICAL CENTER OMAHA,NH68198	47-0049123	501 C 3	9,615	RESEARCH
(87) UNIVERSITY OF NORTH CAROLINA AT CHAPEL HILL OFFICE OF SPONSORED RESEARCH PO BOX 402420 ATLANTA,GA303842420	56-6001393	501 C 3	289,038	RESEARCH
(88) UNIVERSITY OF NORTH DAKOTA SCHOOL OF MEDICINE DEPT OF BIOMEDICAL SCI 501 N COLUMBIA RD ST GRAND FORKS,ND58202	45-6002491	115	130,184	RESEARCH
(89) UNIVERSITY OF TEXAS AT AUSTIN THE ORDER OF BARRISTERS THE UNIVERSITY OF TEXAS SCHOOL OF LAW 7 AUSTIN,TX78705	74-6000203	501 C 3	57,861	RESEARCH
(90) UNIVERSITY OF UTAH GRANTS CONTRACTS ACCOUNTING 201 S PRESIDENTS CIR RM 406 SALT LAKE CITY,UT841129020	87-6000525	501 C 3	33,289	RESEARCH
(91) UNIVERSITY OF VIRGINIA 1001 N EMMET ST CHARLOTTESVILLE,VA22903	54-6001796	501 C 3	26,558	RESEARCH
(92) UNIVERSITY OF WASHINGTON GRANT CONTRACT ACCOUNTING 12455 COLLECTIONS DR CHICAGO,IL60693	91-6001537	115	260,998	RESEARCH
(93) URBAN LEAGUE OF PHILADELPHIA 1500 JFK BLVD SUITE 1910 PHILADELPHIA,PA19102	23-1429810	501 C 3	75,000	RESEARCH
(94) VILLANOVA UNIVERSITY 800 LANCASTER AVENUE VILLANOVA,PA190851597	23-1352688	501 C 3	56,422	RESEARCH
(95) VIRGINIA COMMONWEALTH UNIVERSITY 800 E LEIGH ST SUITE 3100 RICHMOND,VA23298	54-6001758	115	8,608	RESEARCH
(96) VIRGINIA POLYTECHNIC INSTITUTE AND STATE UNIVERSITY NORTH END CENTER SUITE 4200 300 TURNER STREET NW BLACKSBURG,VA24061	54-6001805	115	11,069	RESEARCH
(97) WAKE FOREST UNIVERSITY HEALTH SCIENCES OFFICE OF SPONSORED PROGRAMS MEDICAL CENTER BLVD WINSTON SALEM,NC27157	22-3849199	501 C 3	14,732	RESEARCH
(98) WASHINGTON UNIVERSITY IN ST LOUIS MSC 1061-141-B 6600 FOREST PARK PARKWAY SAINT LOUIS,MO63130	43-0653611	501 C 3	15,557	RESEARCH
(99) WEILL MEDICAL COLLEGE OF CORNELL UNIVERSITY PROTEOMICS CORE FACILITY 1300 YORK AVE NEW YORK,NY10065	13-1623978	501 C 3	119,313	RESEARCH
(100) WISTAR INSTITUTE OF ANATOMY AND BIOLOGY 3601 SPRUCE ST PHILADELPHIA,PA191044265	23-6434390	501 C 3	182,362	RESEARCH
(101) YALE UNIVERSITY OFFICE OF GRANT CONTRACT FINANCIAL ADMIN PO BOX 1873 NEW HAVEN,CT06508	06-0646973	501 C 3	357,197	RESEARCH
(102) TEXAS A&M ENGINEERING EXPERIMENT STATION OFFICE OF SPONSORED RESEARCH SERVICES 400 HARVEY MITCHELL PKWY S COLLEGE STATION,TX77845	74-1974733	115	110,906	RESEARCH
(103) PORTLAND STATE UNIVERSITY PO BOX 751 PORTLAND,OR972070751	36-4776757	115	6,209	RESEARCH
(104) UNIVERSITY OF TENNESSEE 910 MADISON AVE SUITE 823 MEMPHIS,TN38163	62-6001636	501 C 3	29,303	RESEARCH
(105) ARIZONA STATE UNIVERSITY PO BOX 876011 TEMPE,AZ85287	86-0196696	115	53,551	RESEARCH
(106) UNIVERSITY OF NORTH TEXAS 1155 UNION CIRCLE DENTON,TX762035017	75-6002149	115	13,790	RESEARCH
(107) SAN FRANCISCO STATE UNIVERSITY BURSARS OFFICE ADM 155 1600 HOLLOWAY AVENUE SAN FRANCISCO,CA94132	93-1137247	115	242,477	RESEARCH
(108) ESPERANZA 4261 N FIFTH ST PHILADELPHIA,PA19140	23-2552707	501 C 3	22,121	RESEARCH
(109) UNIVERSITY OF PUERTO RICO PO BOX 365067 OFICINA B622A SAN JUAN,PR00936	66-0433762	501 C 3	763,510	RESEARCH
(110) GEORGE WASHINGTON UNIVERSITY 1922 F ST NW 4TH FLOOR WASHINGTON,DC20052	53-0196584	501 C 3	29,520	RESEARCH
(111) ALLEGHENY-SINGER RESEARCH INSTITUTE PO BOX 951765 CLEVELAND,OH44193	25-1320493	501 C 3	8,390	RESEARCH
(112) BOARD OF TRUSTEES FOR THE UNIVERSITY OF ALABAMA 1720 2ND AVE SOUTH 801 FINANCIAL SERVICES BLDG PO BOX 16 BIRMINGHAM,AL352940109	63-6001138	501 C 3	38,246	RESEARCH
(113) RESEARCH FOUNDATION OF THE CITY UNIVERSITY OF NEW YORK ADVANCED SCIENCE RESEARCH CENTER AT CUNY 85 ST NICHOLAS TERRACE NEW YORK,NY10031	13-1988190	501 C 3	12,564	RESEARCH
(114) CARNEGIE MELLON UNIVERSITY CARNEGIE MELLON UNIVERSITY LIBRARIES HUNT LIBRARY 4909 FREW ST PITTSBURGH,PA15213	25-0969449	501 C 3	164,162	RESEARCH
(115) THE REGENTS OF THE UNIVERSITY OF CALIFORNIA 5200 N LAKE ROAD MERCED,CA953435000	27-0093858	501 C 3	86,427	RESEARCH
(116) OCLC ONLINE COMPUTER LIBRARY CENTER INC PO BOX 714746 CINCINNATI,OH452714746	31-0734115	501 C 3	19,465	RESEARCH
(117) EDISON WELDING INSTITUTE INC 1250 ARTHUR E ADAMS DRIVE COLUMBUS,OH43221	31-1119893	501 C 3	290,000	RESEARCH
(118) MICHIGAN STATE UNIVERSITY HANNAH ADMINISTRATION BUILDING 426 AUDITORIUM ROAD ROOM 2 EAST LANSING,MI488242600	38-6005984	501 C 3	13,755	RESEARCH
(119) SAFE AND SOUND A SANDY HOOK INITIATIVE INC 6031 N MAIN STREET RD PO BOX 368 WEBB CITY,MO648707219	46-2723169	501 C 3	53,582	RESEARCH
(120) HOWARD UNIVERSITY 2455 SIXTH STREET NW WASHINGTON,DC20059	53-0204707	501 C 3	41,466	RESEARCH
(121) OLD DOMINION UNIVERSITY RESEARCH FOUNDATION PO BOX 6369 NORFOLK,VA23508	54-6068198	501 C 3	13,800	RESEARCH
(122) LEHIGH UNIVERSITY RESEARCH ACCOUNTING 306 SOUTH NEW STREET SUITE 451 BETHLEHEM,PA180153008	24-0795445	501 C 3	14,456	RESEARCH
(123) SAGEFOX CONSULTING GROUP LLC 30 BOLTWOOD WALK AMHERST,MA01002	26-2664749	FOR-PROFIT	5,871	RESEARCH
(124) MANGROVE MEDIA LLC 1121 DICKINSON STREET PHILADELPHIA,PA19147	27-1030835	FOR-PROFIT	34,000	RESEARCH
(125) KENNON PRODUCTS INC 1100 HI TECH DRIVE SHERIDAN,WY82801	95-4143657	FOR-PROFIT	177,190	RESEARCH
(126) ANDIDREW LLC 5208 SW 33RD WAY FT LAUDERDALE,FL33312	77-1053547	FOR-PROFIT	6,000	RESEARCH
(127) DUKAAN INC 254 CHAPMAN RD SUITE 208 NEWARK,DE19702	92-3338758	FOR-PROFIT	12,500	RESEARCH
(128) CLEAVER MAGAZINE 8250 SHAWNEE STREET PHILADELPHIA,PA19118	47-1084452	FOR-PROFIT	50,000	RESEARCH
(129) WEDGE MEDICAL CENTER 6711 OLD YORK RD PHILADELPHIA,PA191262841	23-2817643	FOR-PROFIT	25,000	RESEARCH

Enter total number of section 501(c)(3) and government organizations listed in the line 1 table ................. Bullet Image

117

Enter total number of other organizations listed in the line 1 table ........................ . Bullet Image

For Paperwork Reduction Act Notice, see the Instructions for Form 990.

Cat. No. 50055P

Schedule I (Form 990) 2022

Page 2

Part III

Grants and Other Assistance to Domestic Individuals. Complete if the organization answered "Yes" on 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 noncash assistance	(e) Method of valuation (book, FMV, appraisal, other)	(f) Description of noncash assistance

(1) SCHOLARSHIPS	20770	417,769,111	BOOK
(2) AWARDS	123	186,723	BOOK
(3) FELLOWSHIPS	52	902,673	BOOK
(3)
(4)
(5)
(6)
(7)

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) 2022

Additional Data

Software ID:
Software Version:

- TIN:

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" on Form 990, Part IV, line 23.
SchJMediumBullet

Attach to Form 990.
SchJMediumBullet

Go to www.irs.gov/Form990 for instructions and the latest information.

OMB No. 1545-0047

2022

Open to Public Inspection

Name of the organization

DREXEL UNIVERSITY

Employer identification number

23-1352630

Part I

Questions Regarding Compensation

Yes

Check the appropiate box(es) if the organization provided any of the following to or for a person listed on Form
990, Part VII, Section A, line 1a. Complete Part III to provide any relevant information regarding these items.

First-class or charter travel Housing allowance or residence for personal use

Travel for companions Payments for business use of personal residence

Tax idemnification and gross-up payments Health or social club dues or initiation fees

Discretionary spending account Personal services (e.g., maid, chauffeur, chef)

If any of the boxes on 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 .....

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 on Line 1a? ....

Yes

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.

Compensation committee Written employment contract

Independent compensation consultant Compensation survey or study

Form 990 of other organizations Approval by the board or compensation committee

During the year, did any person listed on Form 990, Part VII, Section A, line 1a, with respect to the filing organization or a related organization:

Receive a severance payment or change-of-control payment? .............

Participate in, or receive payment from, a supplemental nonqualified retirement plan? .........

Yes

Participate in, or receive payment from, an equity-based compensation arrangement? .........

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.

For persons listed on Form 990, Part VII, Section A, line 1a, did the organization pay or accrue any
compensation contingent on the revenues of:

The organization? ....................

Any related organization? .......................

If "Yes," on line 5a or 5b, describe in Part III.

For persons listed on Form 990, Part VII, Section A, line 1a, did the organization pay or accrue any
compensation contingent on the net earnings of:

The organization? ..................

Any related organization? ......................

If "Yes," on line 6a or 6b, describe in Part III.

For persons listed on Form 990, Part VII, Section A, line 1a, did the organization provide any nonfixed
payments not described in lines 5 and 6? If "Yes," describe in Part III ............

Yes

Were any amounts reported on 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 ..........................

If "Yes" on line 8, did the organization also follow the rebuttable presumption procedure described in Regulations section 53.4958-6(c)? .........................

For Paperwork Reduction Act Notice, see the Instructions for Form 990.

Cat. No. 50053T

Schedule J (Form 990) 2022

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 on 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, 1099-MISC compensation, and/or 1099-NEC			(C) Retirement and other deferred compensation	(D) Nontaxable benefits	(E) Total of columns (B)(i)-(D)	(F) Compensation in column (B) reported as deferred on prior Form 990
(A) Name and Title		(i) Base compensation	(ii) Bonus & incentive compensation	(iii) Other reportable compensation	(C) Retirement and other deferred compensation	(D) Nontaxable benefits	(E) Total of columns (B)(i)-(D)
1JOHN A FRY PRESIDENT	(i) (ii)	886,109 ------------- 0	360,000 ------------- 0	831,244 ------------- 0	142,203 ------------- 0	15,198 ------------- 0	2,234,754 ------------- 0	0 ------------- 0
2CHARLES CAIRNS DEAN & SVP MED AFFAIRS COM	(i) (ii)	778,372 ------------- 0	155,520 ------------- 0	0 ------------- 0	108,550 ------------- 0	16,760 ------------- 0	1,059,202 ------------- 0	0 ------------- 0
3HELEN Y BOWMAN EXECUTIVE VP/TREASURER/COO	(i) (ii)	677,002 ------------- 0	136,578 ------------- 0	152,543 ------------- 0	33,550 ------------- 0	18,667 ------------- 0	1,018,340 ------------- 0	75,000 ------------- 0
4PAUL JENSEN SVP & NINA HENDERSON PROVOST	(i) (ii)	621,374 ------------- 0	94,095 ------------- 0	0 ------------- 0	33,550 ------------- 0	18,667 ------------- 0	767,686 ------------- 0	0 ------------- 0
5ELISABETH VAN BOCKSTAELE SVP GRAD. AND ONLINE ED.	(i) (ii)	508,462 ------------- 0	102,550 ------------- 0	0 ------------- 0	83,550 ------------- 0	18,667 ------------- 0	713,229 ------------- 0	0 ------------- 0
6MICHAEL J EXLER ESQ SVP AND GENERAL COUNSEL	(i) (ii)	494,632 ------------- 0	100,000 ------------- 0	0 ------------- 0	83,550 ------------- 0	18,667 ------------- 0	696,849 ------------- 0	0 ------------- 0
7DAVID L UNRUH SVP INST ADVANCEMENT	(i) (ii)	500,512 ------------- 0	75,965 ------------- 0	0 ------------- 0	83,550 ------------- 0	18,667 ------------- 0	678,694 ------------- 0	0 ------------- 0
8SUBIR SAHU SVP STUDENT SUCCESS	(i) (ii)	454,678 ------------- 0	60,000 ------------- 0	0 ------------- 0	77,450 ------------- 0	18,423 ------------- 0	610,551 ------------- 0	0 ------------- 0
9MEGAN WEYLER SVP AND CHRO	(i) (ii)	420,159 ------------- 0	84,400 ------------- 0	0 ------------- 0	77,450 ------------- 0	7,465 ------------- 0	589,474 ------------- 0	0 ------------- 0
10OLIMPIA MEUCCI CHAIR COM, PHARMACOLOGY	(i) (ii)	427,849 ------------- 0	35,000 ------------- 0	0 ------------- 0	29,200 ------------- 0	14,561 ------------- 0	506,610 ------------- 0	0 ------------- 0
11ZACHARY SPIKER HEAD COACH, BASKETBALL	(i) (ii)	460,221 ------------- 0	0 ------------- 0	0 ------------- 0	27,450 ------------- 0	17,960 ------------- 0	505,631 ------------- 0	0 ------------- 0
12PAUL BRANDT-RAUF DEAN, SCHOOL OF BIOMEDICAL	(i) (ii)	455,461 ------------- 0	0 ------------- 0	0 ------------- 0	33,550 ------------- 0	8,904 ------------- 0	497,915 ------------- 0	0 ------------- 0
13SHARON WALKER DEAN, COLLEGE OF ENGINEERING	(i) (ii)	451,088 ------------- 0	0 ------------- 0	0 ------------- 0	27,450 ------------- 0	18,667 ------------- 0	497,205 ------------- 0	0 ------------- 0
14DANIEL FILLER DEAN, KLINE SCHOOL OF LAW	(i) (ii)	444,846 ------------- 0	0 ------------- 0	308 ------------- 0	33,550 ------------- 0	12,317 ------------- 0	491,021 ------------- 0	0 ------------- 0
15EVELYN THIMBA SVP ENROLLMENT MANAGEMENT	(i) (ii)	338,856 ------------- 0	69,300 ------------- 0	0 ------------- 0	33,550 ------------- 0	17,760 ------------- 0	459,466 ------------- 0	0 ------------- 0
16BRIAN T KEECH SVP GOV & COMMUNITY RELATIONS	(i) (ii)	324,114 ------------- 0	82,500 ------------- 0	0 ------------- 0	33,550 ------------- 0	18,667 ------------- 0	458,831 ------------- 0	0 ------------- 0
17ALEISTER SAUNDERS EXEC VICE PROV, RES & INNO	(i) (ii)	324,504 ------------- 0	40,000 ------------- 0	0 ------------- 0	26,303 ------------- 0	18,667 ------------- 0	409,474 ------------- 0	0 ------------- 0
18DAVID RUSENKO VP FINANCE, CFO & ASSOC TREASURER	(i) (ii)	328,610 ------------- 0	0 ------------- 0	0 ------------- 0	33,550 ------------- 0	14,317 ------------- 0	376,477 ------------- 0	0 ------------- 0
19DANIEL SCHIDLOW FORMER DEAN EMERITUS, COM	(i) (ii)	311,947 ------------- 0	0 ------------- 0	0 ------------- 0	33,000 ------------- 0	1,442 ------------- 0	346,389 ------------- 0	0 ------------- 0
20CATHERINE ULOZAS VP CHIEF INVESTMENT OFFICER	(i) (ii)	271,478 ------------- 0	0 ------------- 0	0 ------------- 0	63,266 ------------- 0	8,997 ------------- 0	343,741 ------------- 0	0 ------------- 0
21DARIN PFEIFER SECRETARY	(i) (ii)	173,795 ------------- 0	32,000 ------------- 0	0 ------------- 0	19,102 ------------- 0	14,326 ------------- 0	239,223 ------------- 0	0 ------------- 0
22NIKI GIANAKARIS INTERIM SVP, UNIV COMMUNICATIONS	(i) (ii)	188,347 ------------- 0	20,000 ------------- 0	0 ------------- 0	19,200 ------------- 0	8,790 ------------- 0	236,337 ------------- 0	0 ------------- 0

Schedule J (Form 990) 2022

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 BUSINESS TRAVEL POLICY AUTHORIZES BUSINESS TRAVEL OR FIRST-CLASS TRAVEL (IF BUSINESS CLASS IS NOT AVAILABLE) FOR ALL EMPLOYEES IF THE FLIGHT EXCEEDS FIVE HOURS IN DURATION AND IF WRITTEN APPROVAL IS OBTAINED IN ADVANCE. GENERALLY, THE UNIVERSITY DOES NOT PAY FOR OR REIMBURSE THE TRAVEL-RELATED OR ENTERTAINMENT EXPENSES OF AN EMPLOYEE'S OR OTHER AUTHORIZED PERSON'S SPOUSE/COMPANION. SPOUSAL/COMPANION TRAVEL IS PAID FOR OR REIMBURSED BY THE UNIVERSITY ON RARE OCCASIONS, AND ONLY IF SUCH TRAVEL MEETS EXCEPTIONS OUTLINED IN THE UNIVERSITY'S SPOUSAL/COMPANION POLICY. TO QUALIFY FOR AN EXCEPTION, THERE MUST BE A DOCUMENTED AND BONA FIDE BUSINESS PURPOSE DIRECTLY BENEFITING THE UNIVERSITY, AND THE PRESENCE OF THE SPOUSE/COMPANION MUST BE ESSENTIAL TO THE UNIVERSITY EMPLOYEE OR OTHER AUTHORIZED PERSONNEL. THE PRESIDENT IS PROVIDED A MONTHLY HOUSING ALLOWANCE, WHICH IS INCLUDED IN HIS TAXABLE INCOME. THE PRESIDENT IS ALSO PROVIDED A DRIVER TO ATTEND UNIVERSITY RELATED EVENTS, THE VALUE OF WHICH IS NOT INCLUDED IN TAXABLE INCOME. THE PRESIDENT RECEIVES SOCIAL CLUB MEMBERSHIPS FOR BUSINESS-RELATED ACTIVITIES. THE PRESIDENT IS REQUIRED TO REPORT ANY PERSONAL USE OF SOCIAL CLUB MEMBERSHIPS, AND SUCH USE IS INCLUDED IN TAXABLE INCOME. SOCIAL CLUB DUES FOR BUSINESS-RELATED ACTIVITIES WERE PROVIDED FOR SENIOR VICE PRESIDENTS AND DEANS, AND ARE TREATED AS NON-TAXABLE COMPENSATION. SENIOR VICE PRESIDENTS AND DEANS ARE REQUIRED TO REPORT ANY PERSONAL USE OF SOCIAL CLUB MEMBERSHIPS, AND SUCH USE IS INCLUDED IN TAXABLE INCOME.
PART I, LINE 1B	HOUSING ALLOWANCE AND SOCIAL CLUB MEMBERSHIPS WERE APPROVED FOR THE PRESIDENT BY THE BOARD.
PART I, LINE 4B	THE UNIVERSITY PAID MR. FRY'S DEFERRED COMPENSATION OF $338,622, WHICH BEGAN EFFECTIVE JULY 31, 2021. MR. FRY HAD BEEN CREDITED $25,000 PER MONTH, BEGINNING JANUARY 31, 2022, AND ENDING DECEMBER 31, 2022, PROVIDED MR. FRY IS EMPLOYED BY THE UNIVERSITY ON THE LAST DAY OF THE MONTH. IN ADDITION, THE DEFERRED COMPENSATION WAS CREDITED WITH INTEREST EARNED MONTHLY. MR. FRY WAS VESTED IN THE MONTHLY CREDITS AND EARNINGS IN THE DEFERRED COMPENSATION ARRANGEMENT FROM JANUARY 31, 2022, THROUGH DECEMBER 31, 2022. THE UNIVERSITY PAID MS. BOWMAN DEFERRED COMPENSATION OF $152,543, WHICH BEGAN EFFECTIVE SEPTEMBER 1, 2021. MS. BOWMAN HAD BEEN CREDITED $75,000 ON EACH SEPTEMBER 1, BEGINNING ON SEPTEMBER 1, 2021, AND ENDING ON SEPTEMBER 1, 2022. IN ADDITION, THE DEFERRED COMPENSATION WAS CREDITED WITH INTEREST EARNED ANNUALLY. ON SEPTEMBER 1, 2022, MS. BOWMAN BECAME FULLY VESTED IN THE DEFERRED COMPENSATION ARRANGEMENT. THE UNIVERSITY PROVIDES MR. FRY WITH A SUPPLEMENTAL RETIREMENT BENEFIT PLAN, AMENDED AND RESTATED EFFECTIVE APRIL 1, 2022, WHICH APPLIES TO CONTRIBUTION CREDITS COMMENCING FOR THE FISCAL YEARS ENDING ON JUNE 30, 2021, THROUGH JUNE 30, 2028. THE ALLOCATION FOR EACH FISCAL YEAR SHALL BE CONDITIONED ON MR. FRY'S CONTINUED EMPLOYMENT THROUGH THE END OF THE FISCAL YEAR (OR UPON THE DATE OF DEATH, TOTAL DISABILITY, OR INVOLUNTARY TERMINATION, IF EARLIER). THE ANNUAL ALLOCATION AMOUNT IS EQUAL TO 11% OF THE SUM OF MR. FRY'S BASE SALARY AND ANNUAL PERFORMANCE BONUS (IF ANY) FOR SUCH FISCAL YEAR THAT IS IN EXCESS OF THE COMPENSATION LIMIT UNDER SECTION 401(A)(17) OF THE INTERNAL REVENUE CODE.
PART I, LINE 7	PRESIDENT FRY SHALL BE ENTITLED TO A MINIMUM ANNUAL PERFORMANCE BONUS OF 20% OF BASE PAY, PROVIDED HE CONTINUES TO BE EMPLOYED BY THE UNIVERSITY ON THE LAST DAY OF THE FISCAL YEAR AND SHALL BE ELIGIBLE FOR A HIGHER BONUS BASED ON GOAL ACHIEVEMENT. MEMBERS OF THE SENIOR LEADERSHIP TEAM SHALL BE ELIGIBLE FOR AN ANNUAL PERFORMANCE BONUS, SUBJECT TO LIMITATION, RECOMMENDED BY PRESIDENT FRY AND APPROVED BY THE EXECUTIVE COMPENSATION COMMITTEE OF THE BOARD.
PART II:	THE UNIVERSITY PROVIDES JOHN FRY, CHARLES CAIRNS, DAVID UNRUH, ELIZABETH VAN BOCKSTAELE, MICHAEL EXLER, MEGAN WEYLER, SUBIR SAHU, AND CATHERINE ULOZAS WITH DEFERRED COMPENSATION ARRANGEMENTS. THE UNIVERSITY WILL CREDIT MR. FRY WITH $25,000 ON JANUARY 31, 2023, AND ON EACH FOLLOWING MONTH THROUGH JUNE 30, 2024, WHILE HE REMAINS EMPLOYED BY THE UNIVERSITY AS PRESIDENT AND CHIEF EXECUTIVE OFFICER. THE DEFERRED COMPENSATION CREDITED, AND INTEREST EARNED IS VESTED MONTHLY, PROVIDED THAT MR. FRY IS EMPLOYED BY THE UNIVERSITY ON THE LAST DAY OF EACH MONTH. THE UNIVERSITY WILL CREDIT DR. CAIRNS WITH $75,000 EACH JULY 1, BEGINNING WITH JULY 1, 2021, AND ENDING JULY 1, 2024, IF HE REMAINS EMPLOYED WITH THE UNIVERSITY. THE ACCOUNT WILL BE CREDITED ANNUALLY WITH INTEREST. DR. CAIRNS WILL BECOME FULLY VESTED IN THE BALANCE OF THE ACCOUNT UPON THE EARLIEST OF THE FOLLOWING: (I) JULY 1, 2024, (II) INVOLUNTARY TERMINATION BY THE UNIVERSITY FOR ANY REASON OTHER THAN CAUSE, (III) DEATH, OR (IV) TERMINATION DUE TO TOTAL AND PERMANENT DISABILITY. IF DR. CAIRNS RESIGNS OR IS TERMINATED BY THE UNIVERSITY FOR CAUSE BEFORE THE ACCOUNT IS VESTED, THE ENTIRE ACCOUNT WILL BE FORFEITED. THE UNIVERSITY WILL CREDIT MR. UNRUH WITH $50,000 EACH JULY 1, BEGINNING WITH JULY 1, 2021, AND ENDING JULY 1, 2024, IF HE REMAINS EMPLOYED WITH THE UNIVERSITY. THE ACCOUNT WILL BE CREDITED ANNUALLY WITH INTEREST. MR. UNRUH WILL BECOME FULLY VESTED IN THE BALANCE OF THE ACCOUNT UPON THE EARLIEST OF THE FOLLOWING: (I) JULY 1, 2024, (II) INVOLUNTARY TERMINATION BY THE UNIVERSITY FOR ANY REASON OTHER THAN CAUSE, (III) DEATH, OR (IV) TERMINATION DUE TO TOTAL AND PERMANENT DISABILITY. IF MR. UNRUH RESIGNS OR IS TERMINATED BY THE UNIVERSITY FOR CAUSE BEFORE THE ACCOUNT IS VESTED, THE ENTIRE ACCOUNT WILL BE FORFEITED. THE UNIVERSITY WILL CREDIT MS. VAN BOCKSTAELE WITH $50,000 EACH JULY 1, BEGINNING WITH JULY 1, 2021, AND ENDING JULY 1, 2024, IF SHE REMAINS EMPLOYED WITH THE UNIVERSITY. THE ACCOUNT WILL BE CREDITED ANNUALLY WITH INTEREST. MS. VAN BOCKSTAELE WILL BECOME FULLY VESTED IN THE BALANCE OF THE ACCOUNT UPON THE EARLIEST OF THE FOLLOWING: (I) JULY 1, 2024, (II) INVOLUNTARY TERMINATION BY THE UNIVERSITY FOR ANY REASON OTHER THAN CAUSE, (III) DEATH, OR (IV) TERMINATION DUE TO TOTAL AND PERMANENT DISABILITY. IF MS. VAN BOCKSTAELE RESIGNS OR IS TERMINATED BY THE UNIVERSITY FOR CAUSE BEFORE THE ACCOUNT IS VESTED, THE ENTIRE ACCOUNT WILL BE FORFEITED. THE UNIVERSITY WILL CREDIT MR. EXLER WITH $50,000 EACH JULY 1, BEGINNING WITH JULY 1, 2021, AND ENDING JULY 1, 2024, IF HE REMAINS EMPLOYED WITH THE UNIVERSITY. THE ACCOUNT WILL BE CREDITED ANNUALLY WITH INTEREST. MR. EXLER WILL BECOME FULLY VESTED IN THE BALANCE OF THE ACCOUNT UPON THE EARLIEST OF THE FOLLOWING: (I) JULY 1, 2024, (II) INVOLUNTARY TERMINATION BY THE UNIVERSITY FOR ANY REASON OTHER THAN CAUSE, (III) DEATH, OR (IV) TERMINATION DUE TO TOTAL AND PERMANENT DISABILITY. IF MR. EXLER RESIGNS OR IS TERMINATED BY THE UNIVERSITY FOR CAUSE BEFORE THE ACCOUNT IS VESTED, THE ENTIRE ACCOUNT WILL BE FORFEITED. THE UNIVERSITY WILL CREDIT MS. WEYLER WITH $50,000 EACH JULY 1, BEGINNING WITH JULY 1, 2021, AND ENDING JULY 1, 2024, IF SHE REMAINS EMPLOYED WITH THE UNIVERSITY. THE ACCOUNT WILL BE CREDITED ANNUALLY WITH INTEREST. MS. WEYLER WILL BECOME FULLY VESTED IN THE BALANCE OF THE ACCOUNT UPON THE EARLIEST OF THE FOLLOWING: (I) JULY 1, 2024, (II) INVOLUNTARY TERMINATION BY THE UNIVERSITY FOR ANY REASON OTHER THAN CAUSE, (III) DEATH, OR (IV) TERMINATION DUE TO TOTAL AND PERMANENT DISABILITY. IF MS. WEYLER RESIGNS OR IS TERMINATED BY THE UNIVERSITY FOR CAUSE BEFORE THE ACCOUNT IS VESTED, THE ENTIRE ACCOUNT WILL BE FORFEITED. THE UNIVERSITY WILL CREDIT MR. SAHU WITH $50,000 EACH JULY 1, BEGINNING WITH JULY 1, 2021, AND ENDING JULY 1, 2024, IF HE REMAINS EMPLOYED WITH THE UNIVERSITY. THE ACCOUNT WILL BE CREDITED ANNUALLY WITH INTEREST. MR. SAHU WILL BECOME FULLY VESTED IN THE BALANCE OF THE ACCOUNT UPON THE EARLIEST OF THE FOLLOWING: (I) JULY 1, 2024, (II) INVOLUNTARY TERMINATION BY THE UNIVERSITY FOR ANY REASON OTHER THAN CAUSE, (III) DEATH, OR (IV) TERMINATION DUE TO TOTAL AND PERMANENT DISABILITY. IF MR. SAHU RESIGNS OR IS TERMINATED BY THE UNIVERSITY FOR CAUSE BEFORE THE ACCOUNT IS VESTED, THE ENTIRE ACCOUNT WILL BE FORFEITED. THE UNIVERSITY WILL CREDIT MS. ULOZAS WITH $33,333 EACH JULY 1, BEGINNING WITH JULY 1, 2021, AND ENDING JULY 1, 2024, IF SHE REMAINS EMPLOYED WITH THE UNIVERSITY. THE ACCOUNT WILL BE CREDITED ANNUALLY WITH INTEREST. MS. ULOZAS WILL BECOME FULLY VESTED IN THE BALANCE OF THE ACCOUNT UPON THE EARLIEST OF THE FOLLOWING: (I) JULY 1, 2024, (II) INVOLUNTARY TERMINATION BY THE UNIVERSITY FOR ANY REASON OTHER THAN CAUSE, (III) DEATH, OR (IV) TERMINATION DUE TO TOTAL AND PERMANENT DISABILITY. IF MS. ULOZAS RESIGNS OR IS TERMINATED BY THE UNIVERSITY FOR CAUSE BEFORE THE ACCOUNT IS VESTED, THE ENTIRE ACCOUNT WILL BE FORFEITED.

Schedule J (Form 990) 2022

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Schedule K
(Form 990)

Department of the Treasury
Internal Revenue Service

Supplemental Information on Tax-Exempt Bonds

Complete if the organization answered "Yes" to Form 990, Part Ⅵ, line 24a. Provide descriptions,
explanations, and any additional information in Part Ⅵ.
SchKMediumBullet

Attach to Form 990.
SchKMediumBullet

Go to www.irs.gov/Form990 for instructions and the latest information.

OMB No. 1545-0047

2021

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
(a) Issuer name		(b) Issuer EIN	(c) CUSIP #	(d) Date issued	(e) Issue price	(f) Description of purpose	Yes	No	Yes	No	Yes	No
A	PENNSYLVANIA HIGHER EDUCATION FACILITIES AUTHORITY (COLUMN A)	23-2243852	70917TAT8	08-03-2020	164,854,773	REFUNDING & NEW CONSTRUCTION		X		X		X
B	PENNSYLVANIA HIGHER EDUCATION FACILITIES AUTHORITY (COLUMN B)	23-2243852	70917SV67	12-26-2017	141,750,375	ADVANCE REFUND PORTION OF SERIES 2011A		X		X		X
C	PENNSYLVANIA HIGHER EDUCATION FACILITIES AUTHORITY (COLUMN C)	23-2243852	70917SXU2	08-02-2016	136,019,435	REFUNDING OF 2005A SERIES A		X		X		X

Part Ⅱ

Proceeds

	A		B		C		D
	1 Amount of bonds retired ..................	4,975,000		28,445,000		730,000
2 Amount of bonds legally defeased ..............
3 Total proceeds of issue ..................	164,856,048		141,750,375		136,019,435
4 Gross proceeds in reserve funds .............
5 Capitalized interest from proceeds .............
6 Proceeds in refunding escrows ...............
7 Issuance costs from proceeds ...............	732,492		697,276		692,483
8 Credit enhancement from proceeds .............	3,344,281
9 Working capital expenditures from proceeds .............
10 Capital expenditures from proceeds .............	50,001,275
11 Other spent proceeds .............	110,778,000		141,053,099		135,326,952
12 Other unspent proceeds .............
13 Year of substantial completion .............	2022		2017		2016
	Yes	No	Yes	No	Yes	No	Yes	No
14 Were the bonds issued as part of a current refunding issue of tax-exempt bonds (or, if issued prior to 2020, a current refunding issue)? ........	X			X	X
15 Were the bonds issued as part of an advance refunding issue of taxable bonds (or, if issued prior to 2020, an advance refunding issue)? ........		X	X		X
16 Has the final allocation of proceeds been made? ..........	X		X		X
17 Does the organization maintain adequate books and records to support the final allocation of proceeds? ..................	X		X		X

For Paperwork Reduction Act Notice, see the Instructions for Form 990.

Cat. No. 50193E

Schedule K (Form 990) 2021

Page 2

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
2 Are there any lease arrangements that may result in private business use of bond-financed property? ...............	X		X		X
3a Are there any management or service contracts that may result in private business use of bond-financed property? .............	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		X
c Are there any research agreements that may result in private business use of bond-financed property? .............		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?
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 ....	1.200 %		0.990 %		0.830 %
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 .........	0.010 %		0.240 %		0.650 %
6 Total of lines 4 and 5 .............	1.210 %		1.230 %		1.480 %
7 Does the bond issue meet the private security or payment test? ...		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
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

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
2 If "No" to line 1, did the following apply? ....
a Rebate not due yet? .......		X		X		X
b Exception to rebate? ........		X		X		X
c No rebate due? .........	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

Schedule K (Form 990) 2021

Page 3

Part Ⅳ

Arbitrage (Continued)

	A		B		C		D
	Yes	No	Yes	No	Yes	No	Yes	No
4a Has the organization or the governmental issuer entered into a qualified hedge with respect to the bond issue?		X		X		X
b Name of provider ..........
c Term of hedge .........
d Was the hedge superintegrated? ......
e Was the hedge terminated? ........
5a Were gross proceeds invested in a guaranteed investment contract (GIC)?		X		X		X
b Name of provider ..........
c Term of GIC .........
d Was the regulatory safe harbor for establishing the fair market value of the GIC satisfied? ........
6 Were any gross proceeds invested beyond an available temporary period?		X		X		X
7 Has the organization established written procedures to monitor the requirements of section 148? ...	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

Part Ⅵ

Supplemental Information. Provide additional information for responses to questions on Schedule K. (See instructions).

Return Reference	Explanation
DATE REBATE COMPUTATION PERFORMED	ISSUER NAME: PENNSYLVANIA HIGHER EDUCATION FACILITIES AUTHORITY (COLUMN A) DATE THE REBATE COMPUTATION WAS PERFORMED: 05/30/2023 ISSUER NAME: PENNSYLVANIA HIGHER EDUCATION FACILITIES AUTHORITY (COLUMN B) DATE THE REBATE COMPUTATION WAS PERFORMED: 06/21/2021 ISSUER NAME: PENNSYLVANIA HIGHER EDUCATION FACILITIES AUTHORITY (COLUMN C) DATE THE REBATE COMPUTATION WAS PERFORMED: 12/04/2017
SCHEDULE K, PART I, LINE 1, COLUMN (E) AND PART II, LINE 3, COLUMN (A)	THE DIFFERENCE IN TOTAL PROCEEDS AND THE ISSUE PRICE ARE INVESTMENT EARNINGS ON THE BOND PROCEEDS.

Schedule K (Form 990) 2021

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Schedule L
(Form 990)

Department of the Treasury
Internal Revenue Service

Transactions with Interested Persons

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.
MediumBullet

Go to www.irs.gov/Form990 for instructions and the latest information.

OMB No. 1545-0047

2021

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 section 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	(c) Description of transaction	(d) Corrected?
1(a) Name of disqualified person	(c) Description of transaction	Yes	No

Enter the amount of tax incurred by the organization managers or disqualified persons during the year under section 4958. ........................... Bullet Image

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?
(a) Name of interested person	(b) Relationship with organization	(c) Purpose of loan	To	From	(e) Original principal amount	(f) Balance due	Yes	No	Yes	No	Yes	No
(1) JOHN A FRY	OFFICER	INSURANCE POLICY		X	720,000	731,850		No	Yes		Yes





Total ............... $						731,850

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	(c) Amount of assistance	(d) Type of assistance	(e) Purpose of assistance
(1)	16,390	MERIT SCHOLARSHIP	EDUCATIONAL
(2)	269,472	TUITION REMISSION	EDUCATIONAL

For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.

Cat. No. 50056A

Schedule L (Form 990) 2021

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?
(a) Name of interested person		(c) Amount of transaction	(d) Description of transaction	Yes	No
(1) TINAMARIE DWYER	FAMILY OF KEY EMP	64,053	EMPLOYMENT		No
(2) NOMI EVE	FAMILY OF KEY EMP	81,416	EMPLOYMENT		No

Part V

Supplemental Information
Provide additional information for responses to questions on Schedule L (see instructions).

Return Reference	Explanation

Schedule L (Form 990) 2021

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SCHEDULE M
(Form 990)

Department of the Treasury

Internal Revenue Service

Noncash Contributions

Complete 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 image

Go to www.irs.gov/Form990 for the latest information.

OMB No. 1545-0047

2022

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 .......
6 Cars and other vehicles ..
7 Boats and planes ....
8 Intellectual property ...
9 Securities—Publicly traded .	X	49	2,451,428	FAIR MARKET VALUE
10 Securities—Closely held stock .
11 Securities—Partnership, LLC, or trust interests ....
12 Securities—Miscellaneous ..
13 Qualified conservation contribution—Historic structures .....
14 Qualified conservation contribution—Other ...
15 Real estate—Residential .
16 Real estate—Commercial ..
17 Real estate—Other ...
18 Collectibles .....
19 Food inventory ...
20 Drugs and medical supplies .
21 Taxidermy ......
22 Historical artifacts ....
23 Scientific specimens ..
24 Archeological artifacts ...
25 Other ( )
26 Other ( )
27 Other ( )
28 Other ( )

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

Yes

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 isn't required to be used for exempt purposes for the entire holding period? ...................

30a

If "Yes," describe the arrangement in Part II.

Does the organization have a gift acceptance policy that requires the review of any nonstandard contributions?

Yes

32a

Does the organization hire or use third parties or related organizations to solicit, process, or sell noncash

contributions? ..........................

32a

If "Yes," describe in Part II.

If the organization didn't 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) (2022)

Page 2

Part IISupplemental 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
PART I, COLUMN (B):	THE ORGANIZATION IS REPORTING THE NUMBER OF ITEMS RECEIVED, NOT THE NUMBER OF CONTRIBUTIONS.

Schedule M (Form 990) (2022)

Additional Data

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SCHEDULE O
(Form 990)

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

Go to www.irs.gov/Form990 for the latest information.

OMB No. 1545-0047

2021

Open to Public
Inspection

Name of the organization

DREXEL UNIVERSITY

Employer identification number

23-1352630

Return Reference	Explanation
FORM 990, PART V, LINES 7G & 7H:	NOT APPLICABLE
FORM 990, PART VI, SECTION A, LINE 2	MICHAEL C. FORMAN AND JOHN A. FRY - BUSINESS RELATIONSHIP MICHAEL C. FORMAN AND BRIAN R. FORD - BUSINESS RELATIONSHIP MICHAEL C. FORMAN AND CHARLES P. PIZZI - BUSINESS RELATIONSHIP MICHAEL C. FORMAN AND JOSEPH P. UJOBAI - BUSINESS RELATIONSHIP
FORM 990, PART VI, SECTION B, LINE 11B	FORM 990 IS PREPARED BY THE TAX OFFICE AND SUBMITTED TO THE EXECUTIVE VICE PRESIDENT, CHIEF OPERATING OFFICER, AND TREASURER 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 AND COMMITMENT PROTOCOLS APPLY TO ALL EMPLOYEES, OFFICERS, AND TRUSTEES OF THE UNIVERSITY. THE UNIVERSITY'S CONFLICT OF INTEREST AND COMMITMENT POLICY IS INTENDED TO SATISFY COMPLIANCE REQUIREMENTS AND GUIDE UNIVERSITY EMPLOYEES 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 EMPLOYEES AWARE OF WHAT CONSTITUTES A CONFLICT AND FOR THEM TO DISCLOSE POTENTIAL SITUATIONS BEFORE THE ACTIVITY IS UNDERTAKEN. IN THE CASE OF EMPLOYEES AND OFFICERS, EACH EMPLOYEE AND OFFICER IS REQUIRED TO COMPLETE A DISCLOSURE QUESTIONNAIRE DURING THE ANNUAL COMPLIANCE PERIOD. EMPLOYEE CONFLICT OF INTEREST AND COMMITMENT DISCLOSURE QUESTIONNAIRES ARE MANAGED THROUGH THE HUMAN RESOURCES DEPARTMENT'S ELECTRONIC SYSTEM, AS REQUIRED BY THE VICE PRESIDENT AND CHIEF COMPLIANCE AND PRIVACY OFFICER. COMPLETED CONFLICT OF INTEREST DISCLOSURE QUESTIONNAIRES ARE ROUTED TO THE EMPLOYEE'S SENIOR LEADER FOR RESOLUTION. AFTER THE SENIOR LEADER'S REVIEW, A DETERMINATION IS MADE AS TO WHETHER A CONFLICT OF INTEREST EXISTS AND AT WHAT LEVEL. CONFLICTS THAT ARE DETERMINED TO BE IN VIOLATION OF UNIVERSITY POLICY ARE DISCUSSED WITH THE EMPLOYEE AND THE EMPLOYEE IS ADVISED TO TERMINATE THE ACTIVITY. EMPLOYEES WHO WILLINGLY OR OTHERWISE CONTINUE TO VIOLATE THE CONFLICT OF INTEREST AND COMMITMENT POLICY ARE SUBJECT TO DISCIPLINARY ACTION UP TO AND INCLUDING TERMINATION OF EMPLOYMENT. IN THE CASE OF TRUSTEES, A CONFLICT OF INTEREST DISCLOSURE QUESTIONNAIRE IS MAILED TO EACH TRUSTEE 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. COMPLETED TRUSTEE CONFLICT OF INTEREST DISCLOSURE QUESTIONNAIRES ARE SUBMITTED DIRECTLY TO THE OFFICE OF THE GENERAL COUNSEL FOR REVIEW AND RESOLUTION.
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, 2022.
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 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) 2021

Additional Data

Software ID:
Software Version:

- TIN:

SCHEDULE R
(Form 990)

Department of the Treasury
Internal Revenue Service

Related Organizations and Unrelated Partnerships

Complete if the organization answered "Yes" on Form 990, Part IV, line 33, 34, 35b, 36, or 37.
MediumBullet

Attach to Form 990.
MediumBullet

Go to www.irs.gov/Form990 for instructions and the latest information.

OMB No. 1545-0047

2021

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 STE 400 PHILADELPHIA,PA19104 47-1086093	LIABILITY INSURANCE	VT	-120,089	23,735,205	DREXEL UNIVERSITY
(2) DREXEL GLOBAL INITIATIVES LLC 3201 ARCH STREET STE 400 PHILADELPHIA,PA19104 47-1829445	EDUCATIONAL	PA	0	0	DREXEL UNIVERSITY
(3) DREXEL UNIVERSITY ONLINE LLC 3201 ARCH STREET STE 400 PHILADELPHIA,PA19104 47-3606161	EDUCATIONAL	DE	1,148,348	18,293,960	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?
(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	Yes	No
(1)ACADEMIC ASSETS INC 3201 ARCH STREET SUITE 400 PHILADELPHIA,PA19104 23-2455915	HOLDING COMPANY	PA	501(C)(3)	12C, III-FI	DREXEL UNIVERSITY	Yes
(2)ACADEMIC PROPERTIES INC 3201 ARCH STREET SUITE 400 PHILADELPHIA,PA19104 23-2411680	STUDENT HOUSING	PA	501(C)(3)	12C, III-FI	ACADEMIC ASSETS INC		No
(3)THE ACADEMY OF NATURAL SCIENCES OF PHILADELPHIA 1900 BENJAMIN FRANKLIN PARKWAY PHILADELPHIA,PA19103 23-1352000	MUSEUM	PA	501(C)(3)	10	DREXEL UNIVERSITY	Yes
(4)11TH STREET FAMILY HEALTH SERVICES INC 3201 ARCH STREET SUITE 400 PHILADELPHIA,PA19104 46-4233500	PROVIDES FACILITIES USE FOR DREXEL UNIVERSITY	PA	501(C)(3)	12C, III-FI	DREXEL UNIVERSITY	Yes

For Paperwork Reduction Act Notice, see the Instructions for Form 990.

Cat. No. 50135Y

Schedule R (Form 990) 2021

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
(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Direct controlling entity		(f) Share of total income	(g) Share of end-of-year assets	Yes	No	(i) Code V-UBI amount in box 20 of Schedule K-1 (Form 1065)	Yes	No	(k) Percentage ownership
(1) 3509 SPRING GARDEN LP 3201 ARCH ST STE 400 PHILADELPHIA,PA19104 46-2116704	REAL ESTATE	PA	3509 SPRING GARDEN GP INC	RELATED	-45,330	922,638		No			No	10.000 %
(2) 1200 CHESTNUT STREET I LP 3201 ARCH ST STE 400 PHILADELPHIA,PA19104 81-4692503	REAL ESTATE	PA						No			No
(3) DUC LLC 3201 ARCH STREET STE 400 PHILADELPHIA,PA19104 46-4944473	DEVELOPMENT AND INVESTMENT	PA	DREXEL UNIVERSITY	RELATED	212,352	19,100,805		No		Yes		95.000 %

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?
(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	Yes	No
(1) 3509 SPRING GARDEN GP INC 3201 ARCH STREET STE 400 PHILADELPHIA,PA19104 46-2117383	REAL ESTATE	PA	DREXEL UNIVERSITY	C	-412,506	2,512,418	100.000 %	Yes
(2) 1200 CHESTNUT STREET GP INC 3201 ARCH STREET STE 400 PHILADELPHIA,PA19104 81-4705625	REAL ESTATE	PA	DREXEL UNIVERSITY	C	-491,465	22,650,627	100.000 %	Yes

Schedule R (Form 990) 2021

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

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 .....................

Yes

b Gift, grant, or capital contribution to related organization(s) ............................

c Gift, grant, or capital contribution from related organization(s) ............................

Yes

d Loans or loan guarantees to or for related organization(s) ............................

Yes

e Loans or loan guarantees by related organization(s) ............................

f Dividends from related organization(s) ............................

g Sale of assets to related organization(s) ............................

h Purchase of assets from related organization(s) ............................

i Exchange of assets with related organization(s) ............................

j Lease of facilities, equipment, or other assets to related organization(s) .......................

k Lease of facilities, equipment, or other assets from related organization(s) ......................

Yes

l Performance of services or membership or fundraising solicitations for related organization(s) .....................

Yes

m Performance of services or membership or fundraising solicitations by related organization(s) .................

Yes

n Sharing of facilities, equipment, mailing lists, or other assets with related organization(s) ...................

o Sharing of paid employees with related organization(s) ............................

Yes

p Reimbursement paid to related organization(s) for expenses ............................

Yes

q Reimbursement paid by related organization(s) for expenses ............................

Yes

r Other transfer of cash or property to related organization(s) ............................

s Other transfer of cash or property from related organization(s) ............................

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) 3509 SPRING GARDEN GP	P	61,000	BOOK AMOUNT
(2) ACADEMIC PROPERTIES INC	K	5,050,000	BOOK AMOUNT
(3) ACADEMIC PROPERTIES INC	C	1,541,000	BOOK AMOUNT
(4) THE ACADEMY OF NATURAL SCIENCES OF PHILADELPHIA	A	10,000	BOOK AMOUNT
(5) THE ACADEMY OF NATURAL SCIENCES OF PHILADELPHIA	Q	204,000	BOOK AMOUNT
(6) THE ACADEMY OF NATURAL SCIENCES OF PHILADELPHIA	L	5,648,000	BOOK AMOUNT
(7) THE ACADEMY OF NATURAL SCIENCES OF PHILADELPHIA	D	1,500,000	BOOK AMOUNT

Schedule R (Form 990) 2021

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)	(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
(a) Name, address, and EIN of entity	(b) Primary activity	(c) Legal domicile (state or foreign country)	Yes	No	(f) Share of total income	(g) Share of end-of-year assets	Yes	No	(i) Code V-UBI amount in box 20 of Schedule K-1 (Form 1065)	Yes	No	(k) Percentage ownership

Schedule R (Form 990) 2021

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) 2021

Additional Data

Software ID:
Software Version:

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). . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	Yes	No
2	Did the organization have an interest in a foreign trust during the tax year? If "Yes," the organization may be required to separately 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; don't file with Form 990). . . . . . . . . . . . . . . . . . . . . . . .	Yes	No
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). . . . . . . . . . . . . . . . . . . . . . . . . . . .	Yes	No
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) .	Yes	No
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). . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	Yes	No
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 separately file Form 5713, International Boycott Report (see Instructions for Form 5713; don't file with Form 990).. . . . . . . . . . . . . . . . . . . . . . . . . . . .	Yes	No