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
2024
Open to Public Inspection
A For the 2024 calendar year, or tax year beginning 07-01-2024 , and ending 06-30-2025
BCheck if applicable:
CName of organization
DREXEL UNIVERSITY
 
 
Doing business as
 
 
Number and street (or P.O. box if mail is not delivered to street address)
3201 ARCH STREET 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 $ 1,597,461,925
F Name and address of principal officer:
ANTONIO MERLO
3141 CHESTNUT ST
PHILADELPHIA,PA19104
I
Tax-exempt status: (   ) (insert no.) or
J
Website:
WWW.DREXEL.EDU
H(a)
Is this a group return for
subordinates?
H(b)
Are all subordinates
included?
If "No," attach a list. See instructions.
H(c)
Group exemption number  
K Form of organization:  
L Year of formation: 1894
M State of legal domicile: PA
Part I
Summary
Activities & Governance 1 Briefly describe the organization’s mission or most significant activities: INTEGRATED ACADEMIC OFFERINGS ENHANCED BY TECHNOLOGY, COOPERATIVE EDUCATION AND CLINICAL PRACTICE
2 Check this box
3 Number of voting members of the governing body (Part VI, line 1a) ........ 3 57
4 Number of independent voting members of the governing body (Part VI, line 1b) ..... 4 51
5 Total number of individuals employed in calendar year 2024 (Part V, line 2a) ...... 5 12,301
6 Total number of volunteers (estimate if necessary) ............. 6 3,877
7a Total unrelated business revenue from Part VIII, column (C), line 12 ........ 7a 7,185,593
b Net unrelated business taxable income from Form 990-T, Part I, line 11 ......... 7b 4,156,802
Revenues Prior Year Current Year
8 Contributions and grants (Part VIII, line 1h) ......... 211,975,029 217,988,753
9 Program service revenue (Part VIII, line 2g) ......... 1,102,642,279 1,157,589,074
10 Investment income (Part VIII, column (A), lines 3, 4, and 7d ) .... 68,650,217 71,754,223
11 Other revenue (Part VIII, column (A), lines 5, 6d, 8c, 9c, 10c, and 11e) 17,697,366 18,583,939
12 Total revenue—add lines 8 through 11 (must equal Part VIII, column (A), line 12) 1,400,964,891 1,465,915,989
Expenses; 13 Grants and similar amounts paid (Part IX, column (A), lines 1–3 )... 441,773,930 444,710,365
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) 609,223,805 634,410,880
16a Professional fundraising fees (Part IX, column (A), line 11e) ..... 462,254 150,771
b Total fundraising expenses (Part IX, column (D), line 25) 17,063,541    
17 Other expenses (Part IX, column (A), lines 11a–11d, 11f–24e).... 401,746,543 394,116,862
18 Total expenses. Add lines 13–17 (must equal Part IX, column (A), line 25) 1,453,206,532 1,473,388,878
19 Revenue less expenses. Subtract line 18 from line 12....... -52,241,641 -7,472,889
Net Assets or Fund Balances; Beginning of Current Year End of Year
20 Total assets (Part X, line 16)............. 2,909,630,575 2,938,982,871
21 Total liabilities (Part X, line 26)............. 1,515,394,694 1,514,602,898
22 Net assets or fund balances. Subtract line 21 from line 20..... 1,394,235,881 1,424,379,973
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
PTIN
Firm's name

Firm's EIN
Firm's address



Phone no.
May the IRS discuss this return with the preparer shown above? See Instructions. ..........
For Paperwork Reduction Act Notice, see the separate instructions.
Cat. No. 11282Y Form 990 (2024)
Form 990 (2024)
Page 2
Part III
Statement of Program Service Accomplishments
Check if Schedule O contains a response or note to any line in this Part III..............
1
Briefly describe the organization’s mission: DREXEL UNIVERSITY FULFILLS 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.
2
Did the organization undertake any significant program services during the year which were not listed on
the prior Form 990 or 990-EZ? .....................
If "Yes," describe these new services on Schedule O.
3
Did the organization cease conducting, or make significant changes in how it conducts, any program
services? ...........................
If "Yes," describe these changes on Schedule O.
4
Describe the organization’s program service accomplishments for each of its three largest program services, as measured by expenses. Section 501(c)(3) and 501(c)(4) organizations are required to report the amount of grants and allocations to others, the total expenses, and revenue, if any, for each program service reported.
4a (Code:   ) (Expenses $ 1,061,601,628 including grants of $ 425,377,015 ) (Revenue $ 1,111,509,131 )
INSTRUCTIONDREXEL IS A COMPREHENSIVE NATIONAL RESEARCH UNIVERSITY DEDICATED TO PROVIDING QUALITY UNDERGRADUATE, GRADUATE AND PROFESSIONAL EDUCATION FEATURING EXCELLENT ACADEMICS, STATE-OF-THE-ART TECHNOLOGY AND A FOCUS ON REAL-WORLD LEARNING AND SERVICE. DREXEL 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. DREXEL DISCLOSED 56 NEW INVENTIONS AND RECEIVED 25 NEW UNITED STATES PATENTS IN FISCAL YEAR 2025. 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 17 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; 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; DANA AND DAVID DORNSIFE SCHOOL OF PUBLIC HEALTH; SCHOOL OF ECONOMICS; GRADUATE SCHOOL OF BIOMEDICAL SCIENCES AND PROFESSIONAL STUDIES AND PENNSYLVANIA COLLEGE OF OPTOMETRY.MOST RECENTLY, FOLLOWING APPROVAL FROM THE MIDDLE STATES COMMISSION ON HIGHER EDUCATION (MSCHE) ACCREDITING BODY AND THE U.S. DEPARTMENT OF EDUCATION, DREXEL COMPLETED A MERGER WITH SALUS UNIVERSITY THAT BRINGS TOGETHER THE COMPLEMENTARY STRENGTHS OF BOTH INSTITUTIONS IN GRADUATE HEALTH SCIENCES EDUCATION, RESEARCH, AND CLINICAL PRACTICE. THE MERGER STRENGTHENS DREXEL'S PLACE AS A LEADER IN PREPARING FUTURE INTERPROFESSIONAL HEALTH SCIENCES PRACTITIONERS BY ADDING RENOWNED SALUS GRADUATE DEGREE PROGRAMS SUCH AS OPTOMETRY, AUDIOLOGY, BLINDNESS AND LOW VISION STUDIES, SPEECH-LANGUAGE PATHOLOGY, OCCUPATIONAL THERAPY, AND ORTHOTICS AND PROSTHETICS. IN ADDITION, THE MERGER WITH SALUS EXPANDS DREXEL'S PHYSICIAN ASSISTANT PROGRAM, GRADUATE ENROLLMENT, AND PROMOTE INTERDISCIPLINARY RESEARCH OPPORTUNITIES IN NEW AREAS.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 HAS LED AND SUPPORTED A NUMBER OF PROJECTS THAT BRING RESOURCES TO THE COMMUNITY. THIS INCLUDES WORKING TO BRING GRANTS TO SUPPORT LOCAL SCHOOLS AND EARLY CHILDHOOD EDUCATION IN WEST PHILADELPHIA. THE UNIVERSITY ESTABLISHED ITS DIGITAL NAVIGATORS PROGRAM IN 2021 TO PROVIDE ACCESS TO LOW-COST INTERNET, DEVICES AND DIGITAL SKILLS TRAINING TO COMMUNITY MEMBERS WHO ARE LACKING ACCESS. DREXEL IS CURRENTLY RENOVATING THE FORMER WEST PHILADELPHIA COMMUNITY CENTER TO PRESERVE ITS LONGSTANDING ROLE IN SERVING THE LOCAL NEIGHBORHOOD WITH PUBLICLY ACCESSIBLE PROGRAMS AND ACTIVITIES. AS PART OF ITS "ACADEMIC TRANSFORMATION" INITIATIVE, DREXEL IS REIMAGINING THE INSTITUTION'S FUTURE THROUGH THE INTEGRATION OF PROGRAMS AND SCHOOLS AND A REDESIGN OF CURRICULUM AROUND CORE COMPETENCIES. DREXEL IS ALSO TRANSITIONING TO A SEMESTER SYSTEM. THIS SHIFT WILL PROVIDE STUDENTS WITH EVEN GREATER FLEXIBILITY AS THEY PURSUE CO-OP AND EXPERIENTIAL LEARNING OPPORTUNITIES. DRIVING THESE EFFORTS IS THE UNIVERSITY'S STEADFAST COMMITMENT TO DELIVERING A STUDENT-CENTERED, WORLD-CLASS EDUCATION - ONE THAT'S DEEPLY EXPERIENTIAL AND DESIGNED TO GIVE STUDENTS A POWERFUL HEAD START BEFORE THEY GRADUATE.DREXEL IS AN INSTITUTION THAT STANDS APART WITHIN THE HIGHER EDUCATION SECTOR BECAUSE EXPERIENTIAL EDUCATION HAS BEEN AT ITS CORE SINCE ITS FOUNDING IN 1891. BECAUSE OF THIS, DREXEL IS ONE OF A SMALL NUMBER OF UNIVERSITIES LEADING THE WAY AS THE SECTOR SHIFTS TO FOCUS ON RETURN ON INVESTMENT AND OTHER POSITIVE STUDENT OUTCOMES THAT EXPERIENTIAL EDUCATION HAS SHOWN TO PROVIDE. ABOUT 95 PERCENT OF STUDENTS PARTICIPATE IN CO-OP OPPORTUNITIES OR OTHER EXPERIENTIAL LEARNING, AND DREXEL GRADUATES RANK IN THE TOP 3 PERCENT NATIONWIDE FOR LIFETIME EARNINGS.EXPANDING ON THIS MODEL, THE UNIVERSITY ANNOUNCED THE LAUNCH OF AN EXPERIENTIAL EDUCATION HUB, A VISIONARY STEP THAT PROVIDES STUDENTS WITH AN ENHANCED OPPORTUNITY TO IMMEDIATELY APPLY THEIR EDUCATION TO THE REAL WORLD. THIS HUB WILL CLOSELY ALIGN THE UNIVERSITY'S FLAGSHIP CO-OP PROGRAM AND OTHER EXPERIENTIAL LEARNING OPPORTUNITIES INCLUDING RESEARCH, CIVIC ENGAGEMENT, GLOBAL EXPERIENCES AND PROJECT-BASED LEARNING WITH DREXEL'S ACADEMIC ENTERPRISE. AS AN IMPORTANT FIRST STEP IN CONNECTING ALL THESE EXPERIENCES, THE UNIVERSITY IS BRINGING TOGETHER - WITHIN THE OFFICE OF THE PROVOST - DREXEL GLOBAL AND THE STEINBRIGHT CAREER DEVELOPMENT CENTER. DREXEL HAS MADE A STRATEGIC COMMITMENT TO HELP IMPROVE THE NATION'S GLOBAL COMPETITIVENESS BY INCREASING STUDENTS' INTERNATIONAL ENGAGEMENT TO BUILD CULTURAL COMPETENCIES. DREXEL GLOBAL WORKS WITH UNITS ACROSS 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 2024-2025 = 13,282GRADUATE AND PROFESSIONAL ENROLLMENT FOR ACADEMIC YEAR 2024-2025 = 7,871 NUMBER OF DEGREES CONFERRED IN ACADEMIC YEAR 2024-2025: ASSOCIATE DEGREES = 0 BACHELOR'S DEGREES = 2,830 MASTER'S DEGREES = 2,043 DOCTORAL DEGREES = 820 CERTIFICATES AND OTHER = 495LEADERSHIP:FOLLOWING A UNANIMOUS VOTE BY DREXEL UNIVERSITY'S BOARD OF TRUSTEES, POLITICAL ECONOMIST AND ACADEMIC, ANTONIO MERLO, PHD, WAS CONFIRMED ON JANUARY 31, 2025 AS THE 16TH PRESIDENT IN THE UNIVERSITY'S 133-YEAR HISTORY. MERLO, FORMER ANNE AND JOEL EHRENKRANZ DEAN OF NEW YORK UNIVERSITY'S FACULTY OF ARTS & SCIENCE, SUCCEEDED INTERIM PRESIDENT DENIS P. O'BRIEN AND BEGAN HIS TENURE AT DREXEL ON JULY 1, 2025.A HIGHLY ACCOMPLISHED SCHOLAR, MERLO IS RECOGNIZED AS AN ADMINISTRATOR WHO LEVERAGES ACADEMIC STRENGTHS, FOSTERS COMMUNITY, AND PROMOTES SCHOLARSHIP AND COLLABORATION ACROSS DEPARTMENTS. HE HAS REINFORCED DREXEL'S COMMITMENT TO PROVIDING A STUDENT-FOCUSED, TOP-TIER EDUCATION THAT EMPHASIZES REAL-WORLD EXPERIENCE AND GIVES STUDENTS A STRONG ADVANTAGE BEFORE THEY GRADUATE.
4b (Code:   ) (Expenses $ 172,735,685 including grants of $ 19,333,350 ) (Revenue $ 26,168,369 )
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. 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. 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 FY25, DREXEL UNIVERSITY CONDUCTED RESEARCH ON THE FOLLOWING RESEARCH GRANTS:FEDERALLY SPONSORED RESEARCH - 911 GRANTSSTATE OF PENNSYLVANIA SPONSORED RESEARCH - 93 GRANTSCITY OF PHILADELPHIA CONTRACTS - 25 GRANTSPRIVATE FOUNDATION SPONSORED RESEARCH - 369 GRANTSINDUSTRY SPONSORED RESEARCH - 82 GRANTS
4c (Code:   ) (Expenses $ 40,812,616 including grants of $   ) (Revenue $ 28,531,429 )
PATIENT CARE/PUBLIC SERVICEIT IS DREXEL UNIVERSITY'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. THE UNIVERSITY'S CLINICAL PRACTICES PROVIDE PATIENT-CENTERED HEALTH CARE IN A VARIETY OF SERVICES INCLUDING GENERAL INTERNAL MEDICINE, HIV/AIDS, STUDENT HEALTH, ADDICTION MEDICINE, PSYCHIATRY, EATING DISORDERS, AND OPTOMETRY, AMONG OTHERS.
4d Other program services (Describe in Schedule O.)
(Expenses $   including grants of $   ) (Revenue $   )
4e Total program service expenses1,275,149,929
Form 990 (2024)
Form 990 (2024)
Page 3
Part IV
Checklist of Required Schedules
Yes
No
1
Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)? If "Yes," complete Schedule AClick to see attachment
List of Attached Documents:
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.....................
1
Yes
 
2
Is the organization required to complete Schedule B, Schedule of Contributors? See instructions. Click to see attachment
List of Attached Documents:
// Content
...
2
Yes
 
3
Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates for public office? If "Yes," complete Schedule C, Part IClick to see attachment
List of Attached Documents:
// Content
.............
3
 
No
4
Section 501(c)(3) organizations. Did the organization engage in lobbying activities, or have a section 501(h) election in effect during the tax year? If "Yes," complete Schedule C, Part IIClick to see attachment
List of Attached Documents:
// Content
.........
4
Yes
 
5
Is the organization a section 501(c)(4), 501(c)(5), or 501(c)(6) organization that receives membership dues, assessments, or similar amounts as defined in Rev. Proc. 98-19? If "Yes," complete Schedule C, Part IIIClick to see attachment
List of Attached Documents:
// Content
..
5
 
No
6
Did the organization maintain any donor advised funds or any similar funds or accounts for which donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts? If "Yes," complete Schedule D, Part IClick to see attachment
List of Attached Documents:
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.........................
6
 
No
7
Did the organization receive or hold a conservation easement, including easements to preserve open space,
the environment, historic land areas, or historic structures? If "Yes," complete Schedule D, Part IIClick to see attachment
List of Attached Documents:
// Content
....
7
 
No
8
Did the organization maintain collections of works of art, historical treasures, or other similar assets? If "Yes,"
complete Schedule D, Part IIIClick to see attachment
List of Attached Documents:
// Content
..............
8
Yes
 
9
Did the organization report an amount in Part X, line 21 for escrow or custodial account liability; serve as a custodian for amounts not listed in Part X; or provide credit counseling, debt management, credit repair, or debt negotiation services? If "Yes," complete Schedule D, Part IVClick to see attachment
List of Attached Documents:
// Content
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9
 
No
10
Did the organization, directly or through a related organization, hold assets in temporarily restricted endowments, permanent endowments, or quasi endowments? If "Yes," complete Schedule D, Part V......
10
Yes
 
11
If the organization’s answer to any of the following questions is "Yes," then complete Schedule D, Parts VI, VII, VIII, IX, or X, as applicable.
a
Did the organization report an amount for land, buildings, and equipment in Part X, line 10? If "Yes," complete
Schedule D, Part VI. Click to see attachment
List of Attached Documents:
// Content
...................
11a
Yes
 
b
Did the organization report an amount for investments—other securities in Part X, line 12 that is 5% or more of its total assets reported in Part X, line 16? If "Yes," complete Schedule D, Part VIIClick to see attachment
List of Attached Documents:
// Content
.......
11b
Yes
 
c
Did the organization report an amount for investments—program related in Part X, line 13 that is 5% or more of its total assets reported in Part X, line 16? If "Yes," complete Schedule D, Part VIIIClick to see attachment
List of Attached Documents:
// Content
.......
11c
 
No
d
Did the organization report an amount for other assets in Part X, line 15 that is 5% or more of its total assets reported in Part X, line 16? If "Yes," complete Schedule D, Part IXClick to see attachment
List of Attached Documents:
// Content
............
11d
Yes
 
e
Did the organization report an amount for other liabilities in Part X, line 25? If "Yes," complete Schedule D, Part XClick to see attachment
List of Attached Documents:
// Content
11e
Yes
 
f
Did the organization’s separate or consolidated financial statements for the tax year include a footnote that addresses the organization’s liability for uncertain tax positions under FIN 48 (ASC 740)? If "Yes," complete Schedule D, Part XClick to see attachment
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 XIIClick to see attachment
List of Attached Documents:
// Content
......................
12a
 
No
b
Was the organization included in consolidated, independent audited financial statements for the tax year? If "Yes," and if the organization answered "No" to line 12a, then completing Schedule D, Parts XI and XII is optional Click to see attachment
List of Attached Documents:
// Content
12b
Yes
 
13
Is the organization a school described in section 170(b)(1)(A)(ii)? If "Yes," complete Schedule EClick to see attachment
List of Attached Documents:
// Content
13
Yes
 
14a
Did the organization maintain an office, employees, or agents outside of the United States? .....
14a
Yes
 
b
Did the organization have aggregate revenues or expenses of more than $10,000 from grantmaking, fundraising, business, investment, and program service activities outside the United States, or aggregate foreign investments valued at $100,000 or more? If "Yes," complete Schedule F, Parts I and IV.........Click to see attachment
List of Attached Documents:
// Content
14b
Yes
 
15
Did the organization report on Part IX, column (A), line 3, more than $5,000 of grants or other assistance to or for any foreign organization? If “Yes,” complete Schedule F, Parts II and IV.....Click to see attachment
List of Attached Documents:
// Content
15
Yes
 
16
Did the organization report on Part IX, column (A), line 3, more than $5,000 of aggregate grants or other assistance to or for foreign individuals? If “Yes,” complete Schedule F, Parts III and IV...Click to see attachment
List of Attached Documents:
// Content
16
Yes
 
17
Did the organization report a total of more than $15,000 of expenses for professional fundraising services on Part IX, column (A), lines 6 and 11e? If "Yes," complete Schedule G, Part I. See instructions. ....Click to see attachment
List of Attached Documents:
// Content
17
Yes
 
18
Did the organization report more than $15,000 total of fundraising event gross income and contributions on Part VIII, lines 1c and 8a? If "Yes," complete Schedule G, Part II............ Click to see attachment
List of Attached Documents:
// Content
18
Yes
 
19
Did the organization report more than $15,000 of gross income from gaming activities on Part VIII, line 9a? If "Yes," complete Schedule G, Part III...................Click to see attachment
List of Attached Documents:
// Content
19
 
No
20a
Did the organization operate one or more hospital facilities? If "Yes," complete Schedule H....
20a
 
No
b
If "Yes" to line 20a, did the organization attach a copy of its audited financial statements to this return?
20b
 
 
21
Did the organization report more than $5,000 of grants or other assistance to any domestic organization or domestic government on Part IX, column (A), line 1? If “Yes,” complete Schedule I, Parts I and II.....Click to see attachment
List of Attached Documents:
// Content
21
Yes
 
Form 990 (2024)
Form 990 (2024)
Page 4
Part IV
Checklist of Required Schedules (continued)
Yes
No
22
Did the organization report more than $5,000 of grants or other assistance to or for domestic individuals on Part IX, column (A), line 2? If “Yes,” complete Schedule I, Parts I and III........Click to see attachment
List of Attached Documents:
// Content
22
Yes
 
23
Did the organization answer "Yes" to Part VII, Section A, line 3, 4, or 5, about compensation of the organization’s current and former officers, directors, trustees, key employees, and highest compensated employees? If "Yes," complete Schedule J....................... Click to see attachment
List of Attached Documents:
// Content
23
Yes
 
24a
Did the organization have a tax-exempt bond issue with an outstanding principal amount of more than $100,000 as of the last day of the year, that was issued after December 31, 2002? If “Yes,” answer lines 24b through 24d and complete Schedule K. If “No,” go to line 25a...............Click to see attachment
List of Attached Documents:
// Content
24a
Yes
 
b
Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception?...
24b
 
No
c
Did the organization maintain an escrow account other than a refunding escrow at any time during the year
to defease any tax-exempt bonds? ...............
24c
 
No
d
Did the organization act as an "on behalf of" issuer for bonds outstanding at any time during the year?...
24d
 
No
25a
Section 501(c)(3), 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:
// Content
25a
 
No
b
Is the organization aware that it engaged in an excess benefit transaction with a disqualified person in a prior year, and that the transaction has not been reported on any of the organization’s prior Forms 990 or 990-EZ? If "Yes," complete Schedule L, Part I.......................Click to see attachment
List of Attached Documents:
// Content
25b
 
No
26
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 IIClick to see attachment
List of Attached Documents:
// Content
...........
26
Yes
 
27
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 IIIClick to see attachment
List of Attached Documents:
// Content
.........................
27
Yes
 
28
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
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:
// Content
28a
 
No
b
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:
// Content
28b
Yes
 
c
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
Yes
 
29
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
29
Yes
 
30
Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified conservation contributions? If "Yes," complete Schedule M .................Click to see attachment
List of Attached Documents:
// Content
30
Yes
 
31
Did the organization liquidate, terminate, or dissolve and cease operations? If "Yes," complete Schedule N, Part I
31
 
No
32
Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets? If "Yes," complete Schedule N, Part II........................
32
 
No
33
Did the organization own 100% of an entity disregarded as separate from the organization under Regulations sections 301.7701-2 and 301.7701-3? If "Yes," complete Schedule R, Part I............Click to see attachment
List of Attached Documents:
// Content
33
Yes
 
34
Was the organization related to any tax-exempt or taxable entity? If "Yes," complete Schedule R, Part II, III, or IV, and Part V, line 1.........................Click to see attachment
List of Attached Documents:
// Content
34
Yes
 
35a
Did the organization have a controlled entity within the meaning of section 512(b)(13)?
35a
Yes
 
b
If ‘Yes’ to line 35a, did the organization receive any payment from or engage in any transaction with a controlled entity within the meaning of section 512(b)(13)? If "Yes," complete Schedule R, Part V, line 2 ...Click to see attachment
List of Attached Documents:
// Content
35b
Yes
 
36
Section 501(c)(3) organizations. Did the organization make any transfers to an exempt non-charitable related organization? If "Yes," complete Schedule R, Part V, line 2............. Click to see attachment
List of Attached Documents:
// Content
36
 
No
37
Did the organization conduct more than 5% of its activities through an entity that is not a related organization and that is treated as a partnership for federal income tax purposes? If "Yes," complete Schedule R, Part VIClick to see attachment
List of Attached Documents:
// Content
37
 
No
38
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. ............
38
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
No
1a
Enter the number reported in box 3 of Form 1096. Enter -0- if not applicable ..
1a
26,463
b
Enter the number of Forms W-2G included on line 1a. Enter -0- if not applicable .
1b
0
c
Did the organization comply with backup withholding rules for reportable payments to vendors and reportable gaming (gambling) winnings to prize winners? ..................
1c
Yes
 
Form 990 (2024)
Form 990 (2024)
Page 5
Part V
Statements Regarding Other IRS Filings and Tax Compliance (continued)
2a
Enter the number of employees reported on Form W-3, Transmittal of Wage and
Tax Statements, filed for the calendar year ending with or within the year covered by this return ..................
2a
12,301
b
If at least one is reported on line 2a, did the organization file all required federal employment tax returns?
2b
Yes
 
3a
Did the organization have unrelated business gross income of $1,000 or more during the year?...
3a
Yes
 
b
If “Yes,” has it filed a Form 990-T for this year? If “No” to line 3b, provide an explanation in Schedule O...
3b
Yes
 
4a
At any time during the calendar year, did the organization have an interest in, or a signature or other authority over, a financial account in a foreign country (such as a bank account, securities account, or other financial account)? ..
4a
Yes
 
b
If "Yes," enter the name of the foreign country: IN
See instructions for filing requirements for FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR).
5a
Was the organization a party to a prohibited tax shelter transaction at any time during the tax year? ..
5a
 
No
b
Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction?
5b
 
No
c
If "Yes," to line 5a or 5b, did the organization file Form 8886-T? ............
5c
 
 
6a
Does the organization have annual gross receipts that are normally greater than $100,000, and did the organization solicit any contributions that were not tax deductible as charitable contributions? ...
6a
 
No
b
If "Yes," did the organization include with every solicitation an express statement that such contributions or gifts were not tax deductible? ......................
6b
 
 
7
Organizations that may receive deductible contributions under section 170(c).
a
Did the organization receive a payment in excess of $75 made partly as a contribution and partly for goods and services provided to the payor? ....................
7a
Yes
 
b
If "Yes," did the organization notify the donor of the value of the goods or services provided? .....
7b
Yes
 
c
Did the organization sell, exchange, or otherwise dispose of tangible personal property for which it was required to file Form 8282? .........................
7c
 
No
d
If "Yes," indicate the number of Forms 8282 filed during the year ....
7d
 
e
Did the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?
7e
 
No
f
Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ..
7f
 
No
g
If the organization received a contribution of qualified intellectual property, did the organization file Form 8899 as required? ......................
7g
 
 
h
If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a Form 1098-C? ..........................
7h
 
 
8
Sponsoring organizations maintaining donor advised funds. Did a donor advised fund maintained by the sponsoring organization have excess business holdings at any time during the year? ........
8
 
 
9
Sponsoring organizations maintaining donor advised funds.
a
Did the sponsoring organization make any taxable distributions under section 4966?........
9a
 
 
b
Did the sponsoring organization make a distribution to a donor, donor advisor, or related person?...
9b
 
 
10
Section 501(c)(7) organizations. Enter:
a
Initiation fees and capital contributions included on Part VIII, line 12 ...
10a
 
b
Gross receipts, included on Form 990, Part VIII, line 12, for public use of club facilities
10b
 
11
Section 501(c)(12) organizations. Enter:
a
Gross income from members or shareholders .........
11a
 
b
Gross income from other sources. (Do not net amounts due or paid to other sources against amounts due or received from them.) ..........
11b
 
12a
Section 4947(a)(1) non-exempt charitable trusts. Is the organization filing Form 990 in lieu of Form 1041?
12a
 
 
b
If "Yes," enter the amount of tax-exempt interest received or accrued during the year.
12b
 
13
Section 501(c)(29) qualified nonprofit health insurance issuers.
a
Is the organization licensed to issue qualified health plans in more than one state? .........
Note. See the instructions for additional information the organization must report on Schedule O.
13a
 
 
b
Enter the amount of reserves the organization is required to maintain by the states in which the organization is licensed to issue qualified health plans ....
13b
 
c
Enter the amount of reserves on hand ............
13c
 
14a
Did the organization receive any payments for indoor tanning services during the tax year?.....
14a
 
No
b
If "Yes," has it filed a Form 720 to report these payments? If "No," provide an explanation in Schedule O..
14b
 
 
15
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.
15
Yes
 
16
Is the organization an educational institution subject to the section 4968 excise tax on net investment income? ..
If "Yes," complete Form 4720, Schedule O.
16
 
No
17
Section 501(c)(21) organizations. Did the trust, or any disqualified or other person 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.
17
 
 
Form 990 (2024)
Form 990 (2024)
Page 6
Part VI
Governance, Management, and Disclosure. For each "Yes" response to lines 2 through 7b below, and for a "No" response to lines 8a, 8b, or 10b below, describe the circumstances, processes, or changes in Schedule O. See instructions.
Check if Schedule O contains a response or note to any line in this Part VI..............
Section A. Governing Body and Management
Yes
No
1a
Enter the number of voting members of the governing body at the end of the tax year
1a
57
If there are material differences in voting rights among members of the governing body, or if the governing body delegated broad authority to an executive committee or similar committee, explain in Schedule O.
b
Enter the number of voting members included in line 1a, above, who are independent
1b
51
2
Did any officer, director, trustee, or key employee have a family relationship or a business relationship with any other officer, director, trustee, or key employee? .................
2
Yes
 
3
Did the organization delegate control over management duties customarily performed by or under the direct supervision of officers, directors or trustees, or key employees to a management company or other person? .
3
 
No
4
Did the organization make any significant changes to its governing documents since the prior Form 990 was filed? .
4
 
No
5
Did the organization become aware during the year of a significant diversion of the organization’s assets? .
5
 
No
6
Did the organization have members or stockholders? ................
6
 
No
7a
Did the organization have members, stockholders, or other persons who had the power to elect or appoint one or more members of the governing body? ....................
7a
 
No
b
Are any governance decisions of the organization reserved to (or subject to approval by) members, stockholders, or persons other than the governing body? ...................
7b
 
No
8
Did the organization contemporaneously document the meetings held or written actions undertaken during the year by the following:
a
The governing body? .......................
8a
Yes
 
b
Each committee with authority to act on behalf of the governing body? ............
8b
Yes
 
9
Is there any officer, director, trustee, or key employee listed in Part VII, Section A, who cannot be reached at the organization’s mailing address? If "Yes," provide the names and addresses in Schedule O.......
9
 
No
Section B. Policies (This Section B requests information about policies not required by the Internal Revenue Code.)
Yes
No
10a
Did the organization have local chapters, branches, or affiliates? ............
10a
 
No
b
If "Yes," did the organization have written policies and procedures governing the activities of such chapters, affiliates, and branches to ensure their operations are consistent with the organization's exempt purposes?
10b
 
 
11a
Has the organization provided a complete copy of this Form 990 to all members of its governing body before filing the form? ............................
11a
Yes
 
b
Describe 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
 
b
Were officers, directors, or trustees, and key employees required to disclose annually interests that could give rise to conflicts? ..........................
12b
Yes
 
c
Did the organization regularly and consistently monitor and enforce compliance with the policy? If "Yes," describe on Schedule O how this was done...................
12c
Yes
 
13
Did the organization have a written whistleblower policy? ...............
13
Yes
 
14
Did the organization have a written document retention and destruction policy? .........
14
Yes
 
15
Did the process for determining compensation of the following persons include a review and approval by independent persons, comparability data, and contemporaneous substantiation of the deliberation and decision?
a
The organization’s CEO, Executive Director, or top management official ...........
15a
Yes
 
b
Other officers or key employees of the organization ................
15b
Yes
 
If "Yes" to line 15a or 15b, describe the process 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
 
b
If "Yes," did the organization follow a written policy or procedure requiring the organization to evaluate its participation in joint venture arrangements under applicable federal tax law, and take steps to safeguard the organization’s exempt status with respect to such arrangements? ............
16b
Yes
 
Section C. Disclosure
17
List the states with which a copy of this Form 990 is required to be filed
PA , AK , MD , MA , MI , NH , NY , SC , WA , CO , CA
18
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.
19
Describe in Schedule O whether (and if so, how) the organization made its governing documents, conflict of interest policy, and financial statements available to the public during the tax year.
20
State the name, address, and telephone number of the person who possesses the organization's books and records:
COMPTROLLER'S OFFICE3141 CHESTNUT STREET STE 225   PHILADELPHIA,PA19104 (215) 895-1442
Form 990 (2024)
Form 990 (2024)
Page 7
Part VII
Compensation of Officers, Directors,Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors
Check if Schedule O contains a response or note to any line in this Part VII..............
Section A. Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees
1a Complete this table for all persons required to be listed. Report compensation for the calendar year ending with or within the organization’s tax year.
RoundBullet List all of the organization’s current officers, directors, trustees (whether individuals or organizations), regardless of amount
of compensation. Enter -0- in columns (D), (E), and (F) if no compensation was paid.

RoundBullet List all of the organization’s current key employees, if any. See the instructions for definition of "key employee."
RoundBullet List the organization’s five current highest compensated employees (other than an officer, director, trustee or key employee)
who received reportable compensation (box 5 of Form W-2, box 6 of Form 1099-MISC, and/or box 1 of Form 1099-NEC) of more than $100,000 from the organization and any related organizations.

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

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

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
Individual Trustee or Director; Institutional Trustee; OfficerInd; Key Employee; Highest compensated employee; FormerOfcrDirectorTrusteeInd;
(1) JOHN A FRY......................................................................
PRESIDENT (TO 9/30/24)
 40.00
.................
7.00 		X   X       1,829,538 0 51,341
(2) MICHAEL MITTELMAN......................................................................
TRUSTEE (AS OF 7/1/24)
 40.00
.................
0.00 		X           188,450 0 21,052
(3) DENIS O'BRIEN......................................................................
INTERIM PRESIDENT (AS OF 10/1/24)
 40.00
.................
7.00 		X   X       0 0 0
(4) RICHARD GREENAWALT......................................................................
CHAIR (TO 5/14/25)
 2.00
.................
0.00 		X   X       0 0 0
(5) J MICHAEL LAWRIE......................................................................
CHAIR (AS OF 5/14/25)
 2.00
.................
0.00 		X   X       0 0 0
(6) RICHARD HAYNE......................................................................
VICE CHAIR (TO 5/14/25)
 2.00
.................
0.00 		X   X       0 0 0
(7) NINA HENDERSON......................................................................
VICE CHAIR
 2.00
.................
0.00 		X   X       0 0 0
(8) RICHELLE PARHAM......................................................................
VICE CHAIR
 2.00
.................
0.00 		X   X       0 0 0
(9) STAN SILVERMAN......................................................................
VICE CHAIR
 2.00
.................
0.00 		X   X       0 0 0
(10) MICHAEL J WILLIAMS......................................................................
VICE CHAIR (AS OF 5/14/25)
 2.00
.................
0.00 		X   X       0 0 0
(11) ALFRED F ALTOMARI......................................................................
TRUSTEE
 2.00
.................
0.00 		X           0 0 0
(12) CHRIS MCKENDRY ANDRADE......................................................................
TRUSTEE
 2.00
.................
0.00 		X           0 0 0
(13) JEFFREY A BEACHELL......................................................................
TRUSTEE
 2.00
.................
2.00 		X           0 0 0
(14) JAMES BEAN......................................................................
TRUSTEE
 2.00
.................
0.00 		X           0 0 0
(15) THOMAS BEEMAN......................................................................
TRUSTEE (AS OF 7/1/24)
 2.00
.................
0.00 		X           0 0 0
(16) GREGORY S BENTLEY......................................................................
TRUSTEE
 2.00
.................
0.00 		X           0 0 0
(17) THOMAS RICK BERK......................................................................
TRUSTEE
 2.00
.................
0.00 		X           0 0 0
Form 990 (2024)
Form 990 (2024)
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
Individual Trustee or Director; Institutional Trustee; OfficerInd; Key Employee; Highest compensated employee; FormerOfcrDirectorTrusteeInd;
(18) SUZANNE BIEMILLER........................................................................
TRUSTEE (AS OF 3/5/25)
 2.00
.......................2.00 		X           0 0 0
(19) TED BRYCE........................................................................
TRUSTEE
 2.00
.......................0.00 		X           0 0 0
(20) KAREN DOUGHERTY BUCHOLZ........................................................................
TRUSTEE
 2.00
.......................0.00 		X           0 0 0
(21) THOMAS A CARAMANICO........................................................................
TRUSTEE
 2.00
.......................0.00 		X           0 0 0
(22) HONORABLE IDA K CHEN........................................................................
TRUSTEE
 2.00
.......................0.00 		X           0 0 0
(23) KATHLEEN P CHIMICLES........................................................................
TRUSTEE
 2.00
.......................0.00 		X           0 0 0
(24) K BLAIR CHRISTIE........................................................................
TRUSTEE
 2.00
.......................0.00 		X           0 0 0
(25) DELLA CLARK........................................................................
TRUSTEE
 2.00
.......................0.00 		X           0 0 0
(26) ABBIE DEAN........................................................................
TRUSTEE
 2.00
.......................2.00 		X           0 0 0
(27) NICHOLAS DEBENEDICTIS........................................................................
TRUSTEE
 2.00
.......................0.00 		X           0 0 0
(28) REBECCA DELIA........................................................................
TRUSTEE (AS OF 7/1/24)
 2.00
.......................0.00 		X           0 0 0
(29) AMISH DESAI........................................................................
TRUSTEE
 2.00
.......................0.00 		X           0 0 0
(30) GERIANNE T DIPIANO........................................................................
TRUSTEE
 2.00
.......................0.00 		X           0 0 0
(31) DOMENIC M DIPIERO III........................................................................
TRUSTEE
 2.00
.......................0.00 		X           0 0 0
(32) ANGELA DOWD-BURTON........................................................................
TRUSTEE
 2.00
.......................0.00 		X           0 0 0
(33) CHRISTOPHER FERGUSON........................................................................
TRUSTEE (AS OF 5/14/25)
 2.00
.......................0.00 		X           0 0 0
(34) THOMAS O FITZPATRICK ESQ........................................................................
TRUSTEE
 2.00
.......................0.00 		X           0 0 0
(35) BRIAN R FORD........................................................................
TRUSTEE
 2.00
.......................0.00 		X           0 0 0
(36) MICHAEL FORMAN........................................................................
TRUSTEE (TO 5/14/25)
 2.00
.......................0.00 		X           0 0 0
(37) KENNETH FULMER........................................................................
TRUSTEE
 2.00
.......................0.00 		X           0 0 0
(38) SEAN J GALLAGHER........................................................................
TRUSTEE
 2.00
.......................0.00 		X           0 0 0
(39) DAVID R GELTZER........................................................................
TRUSTEE
 2.00
.......................0.00 		X           0 0 0
(40) BERNARD GREENE........................................................................
TRUSTEE (AS OF 7/1/24)
 2.00
.......................0.00 		X           0 0 0
(41) DAVID GRIFFITH........................................................................
TRUSTEE (TO 3/5/25)
 2.00
.......................2.00 		X           0 0 0
(42) MAURICIO GUTIERREZ........................................................................
TRUSTEE
 2.00
.......................0.00 		X           0 0 0
(43) NICK HOWLEY........................................................................
TRUSTEE
 2.00
.......................0.00 		X           0 0 0
(44) CLIFFORD A HUDIS........................................................................
TRUSTEE
 2.00
.......................0.00 		X           0 0 0
(45) RICHARD C ILL........................................................................
TRUSTEE (TO 5/14/25)
 2.00
.......................0.00 		X           0 0 0
(46) PATRICIA H IMBESI........................................................................
TRUSTEE
 2.00
.......................0.00 		X           0 0 0
(47) JOSEPH H JACOVINI ESQ........................................................................
TRUSTEE
 2.00
.......................0.00 		X           0 0 0
(48) THOMAS R KLINE........................................................................
TRUSTEE
 2.00
.......................0.00 		X           0 0 0
(49) THOMAS LEONARD........................................................................
TRUSTEE
 2.00
.......................0.00 		X           0 0 0
(50) ALBERT LORD........................................................................
TRUSTEE
 2.00
.......................0.00 		X           0 0 0
(51) JEFFREY LYASH JR........................................................................
TRUSTEE
 2.00
.......................0.00 		X           0 0 0
(52) JERRY J MARTIN........................................................................
TRUSTEE
 2.00
.......................0.00 		X           0 0 0
(53) MARK MCADOO........................................................................
TRUSTEE
 2.00
.......................0.00 		X           0 0 0
(54) PATRICK MCGONIGAL........................................................................
TRUSTEE
 2.00
.......................0.00 		X           0 0 0
(55) MATTHEW S NAYLOR........................................................................
TRUSTEE (TO 5/14/25)
 2.00
.......................0.00 		X           0 0 0
(56) KEVIN J O'HARA........................................................................
TRUSTEE
 2.00
.......................0.00 		X           0 0 0
(57) ANDREW PENNONI........................................................................
TRUSTEE (AS OF 5/14/25)
 2.00
.......................0.00 		X           0 0 0
(58) THOMAS M RAMPULLA........................................................................
TRUSTEE
 2.00
.......................0.00 		X           0 0 0
(59) KATHLEEN REAPE........................................................................
TRUSTEE
 2.00
.......................0.00 		X           0 0 0
(60) KATHLEEN REARDON........................................................................
TRUSTEE
 2.00
.......................0.00 		X           0 0 0
(61) MARIA RENZ........................................................................
TRUSTEE
 2.00
.......................0.00 		X           0 0 0
(62) LEVOYD ROBINSON........................................................................
TRUSTEE (TO 5/14/25)
 2.00
.......................0.00 		X           0 0 0
(63) VIRGINIA S ROSE........................................................................
TRUSTEE
 2.00
.......................0.00 		X           0 0 0
(64) JOSEPH P UJOBAI........................................................................
TRUSTEE
 2.00
.......................0.00 		X           0 0 0
(65) CHARLES K VALUTAS........................................................................
TRUSTEE (TO 5/14/25)
 2.00
.......................0.00 		X           0 0 0
(66) STEPHEN L WANNER........................................................................
TRUSTEE
 2.00
.......................0.00 		X           0 0 0
(67) HELEN Y BOWMAN........................................................................
EXECUTIVE VP/COO/CFO/TREASURER
 40.00
.......................7.00 		    X       731,029 0 132,698
(68) DARIN PFEIFER........................................................................
SECRETARY
 40.00
.......................0.00 		    X       186,059 0 25,134
(69) TRACY POWELL........................................................................
SVP, UNIVERSITY MARKETING & COMM
 40.00
.......................0.00 		      X     477,757 0 57,438
(70) DAVID L UNRUH........................................................................
SVP, INSTITUTIONAL ADVANCEMENT
 40.00
.......................0.00 		      X     693,018 0 132,698
(71) MICHAEL J EXLER ESQ........................................................................
SVP AND GENERAL COUNSEL
 40.00
.......................0.00 		      X     686,490 0 132,698
(72) BRIAN T KEECH........................................................................
SVP, GOVERNMENT AND COMM RELATIONS
 40.00
.......................0.00 		      X     415,295 0 57,698
(73) PAUL JENSEN........................................................................
NINA HENDERSON PROVOST & EVP
 40.00
.......................2.00 		      X     659,811 0 57,698
(74) ELISABETH VAN BOCKSTAELE........................................................................
SVP, GRADUATE AND ONLINE EDUCATION
 40.00
.......................0.00 		      X     699,203 0 128,344
(75) SUBIR SAHU........................................................................
SVP, STUDENT SUCCESS & INT SVP
 40.00
.......................0.00 		      X     640,018 0 125,538
(76) CHARLES CAIRNS........................................................................
DEAN & SVP, MED AFFAIRS, COM
 40.00
.......................0.00 		      X     1,066,351 0 155,675
(77) ALEISTER SAUNDERS........................................................................
EXEC. VICE PROVOST, RES. & INNOV
 40.00
.......................0.00 		      X     347,990 0 47,577
(78) MEGAN WEYLER........................................................................
SVP AND CHRO
 40.00
.......................0.00 		      X     610,242 0 113,918
(79) CATHERINE ULOZAS........................................................................
SVP, CHIEF INVESTMENT OFFICER
 40.00
.......................0.00 		      X     510,087 0 147,443
(80) REBECCA RHYNHART........................................................................
SVP FIN/CFO/DEP TREAS (TO 3/17/25)
 40.00
.......................0.00 		      X     379,252 0 49,635
(81) DAWN MEDLEY........................................................................
SVP, ENROLL MGMT (TO 6/10/25)
 40.00
.......................0.00 		      X     419,829 0 47,139
(82) VERDI DISESA........................................................................
SR. VICE DEAN & COO
 40.00
.......................0.00 		        X   493,054 0 38,453
(83) ZACHARY SPIKER........................................................................
HEAD COACH, BASKETBALL
 40.00
.......................0.00 		        X   491,044 0 50,091
(84) THOMAS DECHIARO........................................................................
VP, INFORMATION TECHNOLOGY & CIO
 40.00
.......................0.00 		        X   490,541 0 45,373
(85) SHARON WALKER........................................................................
DEAN, COLLEGE OF ENGINEERING
 40.00
.......................0.00 		        X   488,953 0 50,798
(86) PAUL BRANDT-RAUF........................................................................
DEAN, SCHOOL OF BIOMEDICAL ENG
 40.00
.......................0.00 		        X   479,541 0 46,936
(87) DANIEL SCHIDLOW........................................................................
FORMER KEY EMPLOYEE
 40.00
.......................0.00 		          X 314,086 0 34,811
(88) NIKI GIANAKARIS........................................................................
FORMER KEY EMPLOYEE
 40.00
.......................0.00 		          X 166,533 0 24,770
1b Sub-Total..............
c Total from continuation sheets to Part VII, Section A..
d Total (add lines 1b and 1c)......... 13,464,171 0 1,774,956
2
Total number of individuals (including but not limited to those listed above) who received more than $100,000 of reportable compensation from the organization 1,328
Yes
No
3
Did the organization list any former officer, director or trustee, key employee, or highest compensated employee on line 1a? If "Yes," complete Schedule J for such individual ..............
3
Yes
 
4
For any individual listed on line 1a, is the sum of reportable compensation and other compensation from the organization and related organizations greater than $150,000? If "Yes," complete Schedule J for such
individual...........................
4
Yes
 
5
Did any person listed on line 1a receive or accrue compensation from any unrelated organization or individual for services rendered to the organization? If "Yes," complete Schedule J for such person ........
5
 
No
Section B. Independent Contractors
1
Complete this table for your five highest compensated independent contractors that received more than $100,000 of compensation from the organization. Report compensation for the calendar year ending with or within the organization’s tax year.
(A)
Name and business address 		(B)
Description of services 		(C)
Compensation
ARAMARK SERVICES INC

1101 MARKET ST
PHILADELPHIA,PA191072901 		FOOD SERVICES 18,115,878
ALLIED UNIVERSAL SECURITY SERVICES

161 WASHINGTON ST
CONSHOHOCKEN,PA19104 		SECURITY SERVICES 8,450,986
WEBCO INTECH

2517 MOORE ST
PHILADELPHIA,PA19145 		CONSTRUCTION SERVICES 4,697,706
STC PEDIATRICS LLC

160 EAST ERIE AVE
PHILADELPHIA,PA191825602 		ACADEMIC SERVICES 3,244,555
LEVLANE ADVERTISING INC

130 S 18TH ST STE 310
PHILADELPHIA,PA19103 		ADVERTISING SERVICES 3,066,074
2
Total number of independent contractors (including but not limited to those listed above) who received more than $100,000 of compensation from the organization 147
Form 990 (2024)
Form 990 (2024)
Page 9
Part VIII
Statement of Revenue
Check if Schedule O contains a response or note to any line in this Part VIII.............
(A)
Total revenue 		(B)
Related or
exempt
function
revenue 		(C)
Unrelated
business
revenue 		(D)
Revenue
excluded from
tax under sections
512 - 514
Contributions, Gifts, Grants, and OtherAmt Similar Amounts 1a Federated campaigns..1a 5,309
b Membership dues..1b  
c Fundraising events..1c 442,735
d Related organizations1d 2,022,722
e Government grants (contributions)1e 130,950,741
f All other contributions, gifts, grants, and similar amounts not included above1f 84,567,246
g Noncash contributions included in lines 1a - 1f:$ 1g 3,813,066
h Total. Add lines 1a-1f....... 217,988,753
Program Service RevenueAmt Business Code
2a TUITION AND FEES 611310 1,088,205,538 1,088,205,538    
b NON-DIRECT PUB SUPPORT 541700 29,008,743 29,008,743    
c PATIENT CARE 621110 28,320,543 28,320,543    
d AUXILIARY ENTERPRISES 611710 11,930,522 11,930,522    
e OTHER PROGRAM SERVICES 611710 123,728 123,728    
f All other program service revenue.        
g Total. Add lines 2a–2f ..... 1,157,589,074
OtherAmtRevenueAmt 3 Investment income (including dividends, interest, and othersimilar amounts) ...... 38,245,864     38,245,864
4 Income from investment of tax-exempt bond proceeds 6,480     6,480
5 Royalties........... 164,881     164,881
(i) Real (ii) Personal
6a Gross rents 6a 3,344,957  
b Less: rental expenses 6b 512,202  
c Rental income or (loss) 6c 2,832,755  
d Net rental income or (loss)....... 2,832,755     2,832,755
(i) Securities (ii) Other
7a Gross amount from sales of assets other than inventory 7a 163,878,074 16,180
b Less: cost or other basis and sales expenses 7b 129,019,423 1,372,952
c Gain or (loss) 7c 34,858,651 -1,356,772
d Net gain or (loss)......... 33,501,879     33,501,879
8a Gross income from fundraising events (not including $ 442,735of contributions reported on line 1c). See Part IV, line 18 ....
8a 422,214
b Less: direct expenses ... 8b 641,359
c Net income or (loss) from fundraising events.. -219,145   -219,145
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..        
OtherRevenueMiscAmt
Business Code
11a MISCELLANEOUS REVENUE 900099 10,175,760 8,619,855 1,555,905  
b K-1 PASSTHROUGH 525990 4,918,756   4,918,756  
c PARKING SERVICES 812930 710,932   710,932  
d All other revenue ....        
e Total. Add lines 11a–11d ...... 15,805,448
12 Total revenue. See instructions..... 1,465,915,989 1,166,208,929 7,185,593 74,532,714
Form 990 (2024)
Form 990 (2024)
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 .... 16,954,181 16,954,181
2 Grants and other assistance to domestic individuals. See Part IV, line 22 ........... 425,157,390 425,157,390
3 Grants and other assistance to foreign organizations, foreign governments, and foreign individuals. See Part IV, lines 15 and 16. ............. 2,598,794 2,598,794
4 Benefits paid to or for members .......    
5 Compensation of current officers, directors, trustees, and key employees ........... 10,742,096 2,752,259 6,738,558 1,251,279
6 Compensation not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B) ......... 145,000   145,000  
7 Other salaries and wages........ 499,525,942 421,769,871 67,529,245 10,226,826
8 Pension plan accruals and contributions (include section 401(k) and 403(b) employer contributions) .... 18,214,316 15,248,274 2,568,018 398,024
9 Other employee benefits ....... 71,158,094 58,581,945 11,028,588 1,547,561
10 Payroll taxes ........... 34,625,432 28,804,075 5,045,587 775,770
11 Fees for services (non-employees):        
a Management ...... 2,162,019 2,141,636 20,383  
b Legal ......... 2,887,383 647,563 2,229,998 9,822
c Accounting ........... 1,554,687 42,830 1,511,857  
d Lobbying ........... 534,352 444,503 89,849  
e Professional fundraising services. See Part IV, line 17 150,771 150,771
f Investment management fees ...... 4,032,736   4,032,736  
g Other (If line 11g amount exceeds 10% of line 25, column (A) amount, list line 11g expenses on Schedule O) 49,127,527 36,690,279 11,681,274 755,974
12 Advertising and promotion .... 11,089,928 4,704,155 6,378,907 6,866
13 Office expenses ....... 37,912,145 34,294,499 3,228,692 388,954
14 Information technology ...... 30,891,049 24,452,162 5,842,135 596,752
15 Royalties .. 1,640,185 1,640,185    
16 Occupancy ........... 115,576,445 91,665,228 23,906,047 5,170
17 Travel ............ 10,178,822 9,619,242 296,815 262,765
18 Payments of travel or entertainment expenses for any federal, state, or local public officials .        
19 Conferences, conventions, and meetings .... 5,638,416 4,324,628 995,597 318,191
20 Interest ........... 22,628,335 20,637,051 1,991,284  
21 Payments to affiliates ....... 6,173,019   6,173,019  
22 Depreciation, depletion, and amortization .. 55,276,556 51,106,892 4,169,664  
23 Insurance ... 17,595,986 7,266,764 10,325,991 3,231
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 7,013,438 7,013,438    
b PROFESSIONAL MEMBERSHIP 2,328,249 1,615,693 680,317 32,239
c PARTICIPANT EXPENSE 2,282,452 2,249,191 33,261  
d UBI TAXES 1,814,711   1,814,711  
e All other expenses 5,778,422 2,727,201 2,717,875 333,346
25 Total functional expenses. Add lines 1 through 24e 1,473,388,878 1,275,149,929 181,175,408 17,063,541
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 (2024)
Form 990 (2024)
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
Assets 1 Cash–non-interest-bearing ........ 102,851 1 99,108
2 Savings and temporary cash investments ......... 21,448,375 2 41,135,605
3 Pledges and grants receivable, net ...... 129,404,112 3 106,867,693
4 Accounts receivable, net ............. 92,906,791 4 103,299,674
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 .......
472,746 5 491,042
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 ...... 11,094,771 9 14,923,428
10a Land, buildings, and equipment: cost or other basis. Complete Part VI of Schedule D 10a 1,803,004,934
b Less: accumulated depreciation 10b 769,457,489 1,057,029,593 10c 1,033,547,445
11 Investments—publicly traded securities . 482,696,465 11 440,453,834
12 Investments—other securities. See Part IV, line 11 ..... 534,514,000 12 625,618,961
13 Investments—program-related. See Part IV, line 11 .. 14,604,736 13 12,904,848
14 Intangible assets ...............   14  
15 Other assets. See Part IV, line 11 ........... 565,356,135 15 559,641,233
16 Total assets. Add lines 1 through 15 (must equal line 33)... 2,909,630,575 16 2,938,982,871
Liabilities 17 Accounts payable and accrued expenses ..... 148,186,452 17 164,502,028
18 Grants payable ...   18  
19 Deferred revenue ......... 146,409,463 19 151,618,404
20 Tax-exempt bond liabilities ......... 387,154,565 20 374,614,944
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 .. 167,965,000 23 177,400,000
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 665,679,214 25 646,467,522
26 Total liabilities. Add lines 17 through 25.. 1,515,394,694 26 1,514,602,898
Net Assets or Fund Balance Organizations that follow FASB ASC 958, check here and complete lines 27, 28, 32, and 33.
27 Net assets without donor restrictions .......... 598,962,738 27 562,593,424
28 Net assets with donor restrictions ........... 795,273,143 28 861,786,549
Organizations that do not follow FASB ASC 958, check here right arrow 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 ........... 1,394,235,881 32 1,424,379,973
33 Total liabilities and net assets/fund balances ........ 2,909,630,575 33 2,938,982,871
Form 990 (2024)
Form 990 (2024)
Page 12
Part XI
Reconcilliation of Net Assets
Check if Schedule O contains a response or note to any line in this Part XI..............
1
Total revenue (must equal Part VIII, column (A), line 12) ............
1
1,465,915,989
2
Total expenses (must equal Part IX, column (A), line 25) ............
2
1,473,388,878
3
Revenue less expenses. Subtract line 2 from line 1 ..............
3
-7,472,889
4
Net assets or fund balances at beginning of year (must equal Part X, line 32, column (A)) ..
4
1,394,235,881
5
Net unrealized gains (losses) on investments ...............
5
40,226,473
6
Donated services and use of facilities .................
6
 
7
Investment expenses .....................
7
 
8
Prior period adjustments .....................
8
 
9
Other changes in net assets or fund balances (explain in Schedule O) ........
9
-2,609,492
10
Net assets or fund balances at end of year. Combine lines 3 through 9 (must equal Part X, line 32, column (B))
10
1,424,379,973
Part XII
Financial Statements and Reporting
Check if Schedule O contains a response or note to any line in this Part XII.............
Yes
No
1
Accounting method used to prepare the Form 990:  
If the organization changed its method of accounting from a prior year or checked "Other," explain on
Schedule O.
2a
Were the organization’s financial statements compiled or reviewed by an independent accountant?
2a
 
No
If ‘Yes,’ check a box below to indicate whether the financial statements for the year were compiled or reviewed on a separate basis, consolidated basis, or both:
b
Were the organization’s financial statements audited by an independent accountant?
2b
Yes
 
If ‘Yes,’ check a box below to indicate whether the financial statements for the year were audited on a separate basis, consolidated basis, or both:
c
If "Yes," to line 2a or 2b, does the organization have a committee that assumes responsibility for oversight of the audit, review, or compilation of its financial statements and selection of an independent accountant?
2c
Yes
 
If the organization changed either its oversight process or selection process during the tax year, explain in Schedule O.
3a
As a result of a federal award, was the organization required to undergo an audit or audits as set forth in the Uniform Guidance, 2 C.F.R. Part 200, Subpart F?
3a
Yes
 
b
If "Yes," did the organization undergo the required audit or audits? If the organization did not undergo the required audit or audits, explain why in Schedule O and describe any steps taken to undergo such audits.
3b
Yes
 
Form 990 (2024)
Form 990 (2024)
Additional Data


Software ID:  
Software Version:  
Form 990, Special Condition Description:
Special Condition Description
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
2024
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.)
1
2
3
4
5
6
7
8
9
10
11
12
a
b
c
d
e
f
Enter the number of supported organizations ...............................  
g
Provide the following information about the supported organization(s).
(i) Name of supported organization (ii) EIN (iii) Type of organization (described on lines 1- 10 above (see instructions)) (iv) Is the organization listed in your governing document? (v) Amount of monetary support (see instructions) (vi) Amount of other support (see instructions)
Yes No
Total
 
   
For Paperwork Reduction Act Notice, see the Instructions for
Form 990 or 990-EZ.
Cat. No. 11285F
Schedule A (Form 990) 2024

Schedule A (Form 990) 2024
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) right arrow (a) 2020 (b) 2021 (c) 2022 (d) 2023 (e) 2024 (f) Total
1 Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grant.") .. 241,046,762 208,875,017 231,867,487 211,975,029 217,988,753 1,111,753,048
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 3 241,046,762 208,875,017 231,867,487 211,975,029 217,988,753 1,111,753,048
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. 1,111,753,048
Section B. Total Support
Calendar year (or fiscal year beginning in) right arrow (a) 2020 (b) 2021 (c) 2022 (d) 2023 (e) 2024 (f) Total
7 Amounts from line 4.. 241,046,762 208,875,017 231,867,487 211,975,029 217,988,753 1,111,753,048
8 Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources... 20,193,143 30,176,954 27,719,426 32,305,219 41,762,182 152,156,924
9 Net income from unrelated business activities, whether or not the business is regularly carried on.. 930,966 1,248,759 1,556,276 4,188,901 4,156,802 12,081,704
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 1,275,991,676
12
12
5,502,990,628
13
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
14
14
87.130 %
15
15
88.020 %
16a
33 1/3% support test—2024. 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
b
33 1/3% support test—2023. 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—2024. 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
b
10%-facts-and-circumstances test—2023. 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
18
Private foundation. If the organization did not check a box on line 13, 16a, 16b, 17a, or 17b, check this box and see
instructions ..................................................... right arrow
Schedule A (Form 990) 2024

Schedule A (Form 990) 2024
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) right arrow (a) 2020 (b) 2021 (c) 2022 (d) 2023 (e) 2024 (f) Total
1 Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") .            
2 Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose            
3 Gross receipts from activities that are not an unrelated trade or business under section 513 .....            
4 Tax revenues levied for the organization's benefit and either paid to or expended on its behalf...            
5 The value of services or facilities furnished by a governmental unit to the organization without charge            
6 Total. Add lines 1 through 5            
7a Amounts included on lines 1, 2, and 3 received from disqualified persons            
b Amounts included on lines 2 and 3 received from other than disqualified persons that exceed the greater of $5,000 or 1% of the amount on line 13 for the year.            
c Add lines 7a and 7b..            
8 Public support. (Subtract line 7c from line 6.)  
Section B. Total Support
Calendar year (or fiscal year beginning in) right arrow (a) 2020 (b) 2021 (c) 2022 (d) 2023 (e) 2024 (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.)..            
14
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
15
15
 
16
16
 
Section D. Computation of Investment Income Percentage
17
17
 
18
18
 
19a
33 1/3% support tests-2024. 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
b
33 1/3 % support tests—2023. 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
20
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) 2024

Schedule A (Form 990) 2024
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
No
1
Are all of the organization’s supported organizations listed by name in the organization’s governing documents?
If "No," describe in Part VI how the supported organizations are designated. If designated by class or purpose,
describe the designation. If historic and continuing relationship, explain.
1
 
 
2
Did the organization have any supported organization that does not have an IRS determination of status under section 509(a)(1) or (2)? If "Yes," explain in Part VI how the organization determined that the supported organization was described in section 509(a)(1) or (2).
2
 
 
3a
Did the organization have a supported organization described in section 501(c)(4), (5), or (6)? If "Yes," answer lines 3b and 3c below.
3a
 
 
b
Did the organization confirm that each supported organization qualified under section 501(c)(4), (5), or (6) and satisfied the public support tests under section 509(a)(2)? If "Yes," describe in Part VI when and how the organization made the determination.
3b
 
 
c
Did the organization ensure that all support to such organizations was used exclusively for section 170(c)(2)(B) purposes? If "Yes," explain in Part VI what controls the organization put in place to ensure such use.
3c
 
 
4a
Was any supported organization not organized in the United States ("foreign supported organization")? If “Yes” and if you checked box 12a or 12b in Part I, answer lines 4b and 4c below.
4a
 
 
b
Did the organization have ultimate control and discretion in deciding whether to make grants to the foreign supported organization? If “Yes,” describe in Part VI how the organization had such control and discretion despite being controlled or supervised by or in connection with its supported organizations.
4b
 
 
c
Did the organization support any foreign supported organization that does not have an IRS determination under sections 501(c)(3) and 509(a)(1) or (2)? If “Yes,” explain in Part VI what controls the organization used to ensure that all support to the foreign supported organization was used exclusively for section 170(c)(2)(B) purposes.
4c
 
 
5a
Did the organization add, substitute, or remove any supported organizations during the tax year? If “Yes,” answer 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).
5a
 
 
b
Type I or Type II only. Was any added or substituted supported organization part of a class already designated in the organization's organizing document?
5b
 
 
c
Substitutions only. Was the substitution the result of an event beyond the organization's control?
5c
 
 
6
Did the organization provide support (whether in the form of grants or the provision of services or facilities) to anyone other than (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.
6
 
 
7
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) .
7
 
 
8
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).
8
 
 
9a
Was the organization controlled directly or indirectly at any time during the tax year by one or more disqualified persons, as defined in section 4946 (other than foundation managers and organizations described in section 509(a)(1) or (2))? If “Yes,” provide detail in Part VI.
9a
 
 
b
Did one or more disqualified persons (as defined 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.
9b
 
 
c
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.
9c
 
 
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
 
 
b
Did the organization have any excess business holdings in the tax year? (Use Schedule C, Form 4720, to determine whether the organization had excess business holdings).
10b
 
 
Schedule A (Form 990) 2024

Schedule A (Form 990) 2024
Page 5
Part IV
Supporting Organizations (continued)
Yes
No
11
Has the organization accepted a gift or contribution from any of the following persons?
a
A person who directly or indirectly controls, either alone or together with persons described on lines 11b and 11c below, the governing body of a supported organization?
11a
 
 
b
A family member of a person described on 11a above?
11b
 
 
c
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
No
1
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.
1
 
 
2
Did the organization operate for the benefit of any supported organization other than the supported organization(s) that operated, supervised, or controlled the supporting organization? If “Yes,” explain in Part VI how providing such benefit carried out the purposes of the supported organization(s) that operated, supervised or controlled the supporting organization.
2
 
 
Section C. Type II Supporting Organizations
Yes
No
1
Were a majority of the organization’s directors or trustees during the tax year also a majority of the directors or trustees of each of the organization’s supported organization(s)? If “No,” describe in Part VI how control or management of the supporting organization was vested in the same persons that controlled or managed the supported organization(s).
1
 
 
Section D. All Type III Supporting Organizations
Yes
No
1
Did the organization provide to each of its supported organizations, by the last day of the fifth month of the organization’s tax year, (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?
1
 
 
2
Were any of the organization’s officers, directors, or trustees either (i) appointed or elected by the supported organization(s) or (ii) serving on the governing body of a supported organization? If "No," explain in Part VI how the organization maintained a close and continuous working relationship with the supported organization(s).
2
 
 
3
By reason of the relationship described in 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.
3
 
 
Section E. Type III Functionally-Integrated Supporting Organizations
1
Check the box next to the method that the organization used to satisfy the Integral Part Test during the year (see instructions):
a
b
c
2
Activities Test. Answer lines 2a and 2b below.
Yes
No
a
Did substantially all of the organization’s activities during the tax year directly further the exempt purposes of the supported organization(s) to which the organization was responsive? If "Yes," then in Part VI identify those supported organizations and explain how these activities directly furthered their exempt purposes, how the organization was responsive to those supported organizations, and how the organization determined that these activities constituted substantially all of its activities.
2a
 
 
b
Did the activities described 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.
2b
 
 
3
Parent of Supported Organizations. Answer lines 3a and 3b below.
a
Did the organization have the power to regularly appoint or elect a majority of the officers, directors, or trustees of each of the supported organizations?If "Yes" or "No", provide details in Part VI.
3a
 
 
b
Did the organization exercise a substantial degree of direction over the policies, programs and activities of each of its supported organizations? If "Yes," describe in Part VI. the role played by the organization in this regard.
3b
 
 
Schedule A (Form 990) 2024

Schedule A (Form 990) 2024
Page 6
Part V
Type III Non-Functionally Integrated 509(a)(3) Supporting Organizations
1
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  
7
Schedule A (Form 990) 2024

Schedule A (Form 990) 2024
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 2024 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-2024 		(iii)
Distributable
Amount for 2024
1 Distributable amount for 2024 from Section C, line 6  
2 Underdistributions, if any, for years prior to 2024 (reasonable cause required-- explain in Part VI).
See instructions.		  
3 Excess distributions carryover, if any, to 2024:
a From 2019.......  
b From 2020.......  
c From 2021.......  
d From 2022.......  
e From 2023.......  
fTotal of lines 3a through e  
g Applied to underdistributions of prior years  
h Applied to 2024 distributable amount  
i Carryover from 2019 not applied (see
instructions) 		 
j Remainder. Subtract lines 3g, 3h, and 3i from line 3f.  
4Distributions for 2024 from Section D, line 7:
$  
a Applied to underdistributions of prior years  
b Applied to 2024 distributable amount  
c Remainder. Subtract lines 4a and 4b from line 4.  
5 Remaining underdistributions for years prior to
2024, 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 2024. 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 2025. Add lines
3j and 4c. 		 
8 Breakdown of line 7:
a Excess from 2020.....  
b Excess from 2021.....  
c Excess from 2022.....  
d Excess from 2023.....  
e Excess from 2024.....  
Schedule A (Form 990) (2024)

Schedule A (Form 990) 2024
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) 2024


Additional Data


Software ID:  
Software Version:  
Schedule B
(Form 990)
(Rev. January 2025)
Department of the Treasury
Internal Revenue Service
Schedule of Contributors

right arrow Attach to Form 990, 990-EZ, or 990-PF.
right arrow Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
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 ......... Right Arrow $  
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) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025) Page 2
Name of organization
DREXEL UNIVERSITY
  		Employer identification number
23-1352630
Part I
Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
RESTRICTED
 
 
 
 
  ,    

$ RESTRICTED


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

$  


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

$  


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

$  


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

$  


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

$  


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025)
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) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025)
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 (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
Schedule B (Form 990) (Rev. 1-2025)
Additional Data


Software ID:  
Software Version:  
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

right arrow Complete if the organization is described below. right arrow Attach to Form 990 or Form 990-EZ.
right arrowGo to www.irs.gov/Form990 for instructions and the latest information.
OMB No. 1545-0047
2024
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.

1
Provide a description of the organization’s direct and indirect political campaign activities in Part IV. See instructions for definition of “political campaign activities."

2
Political campaign activity expenditures. See instructions ....................................................................right arrow
$  
3
Volunteer hours for political campaign activities. See instructions ..................................................................
 

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

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

$  
4
Did the filing organization file Form 1120-POL for this year? ...................................................................
5
Enter the names, addresses and employer identification number (EIN) of all section 527 political organizations to which the filing
organization made payments. For each organization listed, enter the amount paid from the filing organization’s funds. Also enter the amount of political contributions received that were promptly and directly delivered to a separate political organization, such as a separate segregated fund or a political action committee (PAC). If additional space is needed, provide information in Part IV.
(a) Name (b) Address (c) EIN (d) Amount paid from filing organization's funds. If none, enter -0-. (e) Amount of political contributions received and promptly and directly delivered to a separate political organization. If none, enter -0-.
1
2
3
4
5
6
For Paperwork Reduction Act Notice, see the instructions for Form 990.
Cat. No. 50084S
Schedule C (Form 990) 2024

Schedule C (Form 990) 2024
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 right arrowexpenses, and share of excess lobbying expenditures).
B Check right arrow
Limits on Lobbying Expenditures
(The term "expenditures" means amounts paid or incurred.) 		(a) Filing
organization's
totals 		(b) Affiliated group totals
1a Total lobbying expenditures to influence public opinion (grass roots lobbying) ......................    
b Total lobbying expenditures to influence a legislative body (direct lobbying) ........................    
c Total lobbying expenditures (add lines 1a and 1b) ............................................................    
d Other exempt purpose expenditures ...............................................................................    
e Total exempt purpose expenditures (add lines 1c and 1d) ..................................................    
f Lobbying nontaxable amount. Enter the amount from the following table in both
columns.		    
If the amount on line 1e, column (a) or (b) is:The lobbying nontaxable amount is:
Not over $500,00020% of the amount on line 1e.
Over $500,000 but not over $1,000,000$100,000 plus 15% of the excess over $500,000.
Over $1,000,000 but not over $1,500,000$175,000 plus 10% of the excess over $1,000,000.
Over $1,500,000 but not over $17,000,000$225,000 plus 5% of the excess over $1,500,000.
Over $17,000,000$1,000,000.
g Grassroots nontaxable amount (enter 25% of line 1f) .................................................    
h Subtract line 1g from line 1a. If zero or less, enter -0-. ................................................    
i Subtract line 1f from line 1c. If zero or less, enter -0-. ................................................    
j If there is an amount other than zero on either line 1h or line 1i, did the organization file Form 4720 reporting
section 4911 tax for this year? ...................................................................................................................

4-Year Averaging Period Under Section 501(h)
(Some organizations that made a section 501(h) election do not have to complete all of the five
columns below. See the separate instructions for lines 2a through 2f.)
Lobbying Expenditures During 4-Year Averaging Period
Calendar year (or fiscal year
beginning in) 		(a) 2021 (b) 2022 (c) 2023 (d) 2024 (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) 2024


Schedule C (Form 990) 2024
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
1
During the year, did the filing organization attempt to influence foreign, national, state or local legislation, including any attempt to influence public opinion on a legislative matter or referendum, through the use of:
a
Volunteers? ...........................................................................................................
Yes
 
b
Paid staff or management (include compensation in expenses reported on lines 1c through 1i)? ........
 
No
c
Media advertisements? ...................................................................................................
 
No
 
d
Mailings to members, legislators, or the public? .............................................................................
Yes
 
205,002
e
Publications, or published or broadcast statements? ...........................................................
 
No
 
f
Grants to other organizations for lobbying purposes? ..........................................................
 
No
 
g
Direct contact with legislators, their staffs, government officials, or a legislative body? .......................
Yes
 
534,352
h
Rallies, demonstrations, seminars, conventions, speeches, lectures, or any similar means? ..................
 
No
 
i
Other activities? ...................................................................................................................
 
No
 
j
Total. Add lines 1c through 1i ....................................................................................................
739,354
2a
Did the activities in line 1 cause the organization to be not described in section 501(c)(3)? .....
 
No
b
If "Yes," enter the amount of any tax incurred under section 4912 ...........................................
 
c
If "Yes," enter the amount of any tax incurred by organization managers under section 4912 ...................
 
d
If the filing organization incurred a section 4912 tax, did it file Form 4720 for this year? ........................
 
 
Part III-A
Complete if the organization is exempt under section 501(c)(4), section 501(c)(5), or section 501(c)(6).
Yes
No
1
Were substantially all (90% or more) dues received nondeductible by members? ...............................................
1
 
 
2
Did the organization make only in-house lobbying expenditures of $2,000 or less? ............................................
2
 
 
3
Did the organization agree to carry over lobbying and political expenditures from the prior year? .................................
3
 
 
Part III-B
Complete if the organization is exempt under section 501(c)(4), section 501(c)(5), or section 501(c)(6) and if either (a) BOTH Part III-A, lines 1 and 2, are answered "No" OR (b) Part III-A, line 3, is answered “Yes."
1
Dues, assessments and similar amounts from members ......................................................................
1
 
2
Section 162(e) nondeductible lobbying and political expenditures (do not include amounts of political expenses for which the section 527(f) tax was paid).
a
Current year .............................................................................................................................
2a
 
b
Carryover from last year ............................................................................................................
2b
 
c
Total ...........................................................................................................................................
2c
 
3
Aggregate amount reported in section 6033(e)(1)(A) notices of nondeductible section 162(e) dues .
3
 
4
If notices were sent and the amount on line 2c exceeds the amount on line 3, what portion of the excess does the organization agree to carryover to the reasonable estimate of nondeductible lobbying and political expenditure next year? ......................................................................................................................
4
 
5
Taxable amount of lobbying and political expenditures. See Instructions .........................................
5
 
Part IV
Supplemental Information
Provide the descriptions required for Part l-A, line 1; Part l-B, line 4; Part l-C, line 5; Part II-A (affiliated group list); Part II-A, lines 1 and 2 (see instructions), and Part ll-B, line 1. Also, complete this part for any additional information.
Return Reference Explanation
PART II-B, LINE 1: LINE A - WE HAVE USED VOLUNTEERS TO HELP GET OUR MESSAGE TO ELECTED OFFICIALS. SPECIFICALLY, WE HAVE HAD MANY SUPPORTERS OF ST. CHRISTOPHER'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 - IN CASES WHERE LEGISLATION MAY, OR WILL AFFECT DREXEL UNIVERSITY AND 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 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) 2024


Additional Data


Software ID:  
Software Version:  

SCHEDULE D
(Form 990)

Department of the Treasury
Internal Revenue Service
Supplemental Financial Statements
right arrow 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.
right arrow Attach to Form 990.
right arrow Go to www.irs.gov/Form990 for instructions and the latest information.
OMB No. 1545-0047
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 ........    
5
Did the organization inform all donors and donor advisors in writing that the assets held in donor advised funds are the organization’s property, subject to the organization’s exclusive legal control? ............
6
Did the organization inform all grantees, donors, and donor advisors in writing that grant funds can be used only for charitable purposes and not for the benefit of the donor or donor advisor, or for any other purpose conferring impermissible private benefit? ...................................
Part II
Conservation Easements.
Complete if the organization answered "Yes" on Form 990, Part IV, line 7.
1
Purpose(s) of conservation easements held by the organization (check all that apply).
2
Complete lines 2a through 2d if the organization held a qualified conservation contribution in the form of a conservation easement on the last day of the tax year.
Held at the End of the Year
a Total number of conservation easements ...................... 2a  
b Total acreage restricted by conservation easements .................... 2b  
c Number of conservation easements on a certified historic structure included in (a) ..... 2c  
d Number of conservation easements included in (c) acquired after July 25, 2006, and not on a historic structure listed in the National Register ... 2d  
3
Number of conservation easements modified, transferred, released, extinguished, or terminated by the organization during the
tax year right arrow  
4
Number of states where property subject to conservation easement is located right arrow  
5
Does the organization have a written policy regarding the periodic monitoring, inspection, handling of violations, and enforcement of the conservation easements it holds? ............
6
Staff and volunteer hours devoted to monitoring, inspecting, handling of violations, and enforcing conservation easements during the year
right arrow  
7
Amount of expenses incurred in monitoring, inspecting, handling of violations, and enforcing conservation easements during the year
right arrow $  
8
Does each conservation easement reported on line 2(d) above satisfy the requirements of section 170(h)(4)(B)(i) and section 170(h)(4)(B)(ii)? .............................
9
In Part XIII, describe how the organization reports conservation easements in its revenue and expense statement, and
balance sheet, and include, if applicable, the text of the footnote to the organization’s financial statements that describes
the organization’s accounting for conservation easements.
Part III
Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets.
Complete if the organization answered "Yes" on Form 990, Part IV, line 8.
1a
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.
b
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 .........................right arrow $  
(ii)
Assets included in Form 990, Part X ...............................right arrow $ 10,941,078
2
If the organization received or held works of art, historical treasures, or other similar assets for financial gain, provide the
following amounts required to be reported under FASB ASC 958 relating to these items:
a
Revenue included on Form 990, Part VIII, line 1 ..........................right arrow $  
b
Assets included in Form 990, Part X ...............................right arrow $  
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 52283D
Schedule D (Form 990) (Rev. 1-2025)

Schedule D (Form 990) (Rev. 1-2025)
Page 2
Part III
Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets (continued)
3
Using the organization’s acquisition, accession, and other records, check any of the following that are a significant use of its collection items (check all that apply):
a
d
b
e
 
c
4
Provide a description of the organization’s collections and explain how they further the organization’s exempt purpose in
Part XIII.
5
During the year, did the organization solicit or receive donations of art, historical treasures or other similar
assets to be sold to raise funds rather than to be maintained as part of the organization’s collection?...
Part IV
Escrow and Custodial Arrangements. Complete if the organization answered "Yes" on Form 990, Part IV, line 9, or reported an amount on Form 990, Part X, line 21.
1a
Is the organization an agent, trustee, custodian or other intermediary for contributions or other assets not
included on Form 990, Part X? ....................................
b If "Yes," explain the arrangement in Part XIII and complete the following table: Amount
c Beginning balance ............................. 1c  
d Additions during the year ............................ 1d  
e Distributions during the year .......................... 1e  
f Ending balance ................................ 1f  
2a
Did the organization include an amount on Form 990, Part X, line 21, for escrow or custodial account liability? ...
b
If "Yes," explain the arrangement in Part XIII. Check here if the explanation has been provided in Part XIII ....
Part V
Endowment Funds.
Complete if the organization answered "Yes" 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 .... 992,053,000 892,027,000 865,096,000 891,170,000 742,896,000
b Contributions ... 26,086,000 82,717,000 12,224,000 10,604,000 11,173,000
c Net investment earnings, gains, and losses 92,497,000 66,774,000 61,350,000 2,290,000 171,591,000
d Grants or scholarships ... 10,644,000 12,235,000 13,818,000 8,696,000 10,297,000
e Other expenditures for facilities
and programs ... 		47,383,000 37,230,000 32,825,000 30,272,000 24,193,000
f Administrative expenses ....          
g End of year balance ...... 1,052,609,000 992,053,000 892,027,000 865,096,000 891,170,000
2
Provide the estimated percentage of the current year end balance (line 1g, column (a)) held as:
a
Board designated or quasi-endowment right arrow35.180 %
b
Permanent endowment right arrow39.470 %
c
Term endowment right arrow25.350 %
The percentages on lines 2a, 2b, and 2c should equal 100%.
3a
Are there endowment funds not in the possession of the organization that are held and administered for the
organization by:

Yes
No
(i) Unrelated organizations .................
3a(i)
 
No
(ii) Related organizations .................
3a(ii)
 
No
b
If "Yes" on 3a(ii), are the related organizations listed as required on Schedule R? .........
3b
 
 
4
Describe in Part XIII the intended uses of the organization's endowment funds.
Part VI
Land, Buildings, and Equipment.
Complete if the organization answered "Yes" 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 .....   106,152,672 106,152,672
b Buildings ....   1,253,979,004 533,735,853 720,243,151
c Leasehold improvements   209,198,994 80,192,602 129,006,392
d Equipment ....   190,677,204 127,244,200 63,433,004
e Other .....   42,997,060 28,284,834 14,712,226
Total. Add lines 1a through 1e. (Column (d) must equal Form 990, Part X, column (B), line 10(c).)..right arrow 1,033,547,445
Schedule D (Form 990) (Rev. 1-2025)

Schedule D (Form 990) (Rev. 1-2025)
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)		 479,135,000 F

(B) REAL ESTATE & REAL ASSETS FUNDS		 110,872,000 F

(C) BENEFICIAL INTERESTS IN TRUSTS		 35,611,961 F
(C)
(D)
(E)
(F)
(G)
(H)
Total. (Column (b) must equal Form 990, Part X, col. (B) line 12.)right arrow 625,618,961
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.)right arrow  
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 50,844,383
(2)GROUND LEASE AMORTIZATION 4,133,828
(3)CSV LIFE INSURANCE 235,669
(4)OPERATING RIGHT-OF-USE ASSETS 461,412,216
(5)FINANCE RIGHT-OF-USE ASSETS 7,765,137
(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.)...........right arrow 559,641,233
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  
DEPOSITS 41,074,716
GOVERNMENT ADVANCES FOR STUDENT LOANS 15,916,136
CAPITAL AND FINANCE LEASE 587,923,157
RELATED PARTY PAYABLES 1,553,513





Total. (Column (b) must equal Form 990, Part X, col.(B) line 25.)right arrow 646,467,522
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) (Rev. 1-2025)

Schedule D (Form 990) (Rev. 1-2025)
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: DREXEL HAS ALWAYS BEEN A COLLECTING INSTITUTION. ANTHONY J. DREXEL BEQUEATHED HIS OWN COLLECTION TO THE NEW UNIVERSITY IN THE BELIEF THAT ART AND DESIGN HAVE AN IMPORTANT INSTRUCTIONAL ROLE TO PLAY. THE COLLECTIONS INCLUDE THE DREXEL FOUNDING COLLECTION OF 19TH AND EARLY 20TH CENTURIES, REFLECTING THE TASTES OF ITS FOUNDER; THE WIDE-RANGING FOX HISTORIC COSTUME COLLECTION AND GALANOS ARCHIVE; THE LEGACY CENTER AT THE COLLEGE OF MEDICINE, FOCUSING ON THE HISTORY OF WOMEN IN MEDICINE AND THE HISTORY OF HOMEOPATHY; THE AUDIO ARCHIVE OF PHILADELPHIA RECORDED MUSIC; THE POLISH POSTER COLLECTIONS DATING FROM 1930S-1990S; AND THE UNIVERSITY ARCHIVES, WHICH MAINTAINS AND PROVIDES ACCESS TO THE INSTITUTION'S MATERIAL AND DIGITAL RECORDS OF ENDURING VALUE, WITH A GROWING FOCUS ON RESEARCH OUTPUT. DREXEL COLLECTIONS BENEFIT MEMBERS OF THE UNIVERSITY, THE LARGER SCHOLARLY WORLD, AND THE PUBLIC. THEY ARE PARTICULARLY RELEVANT TO STUDENTS AND FACULTY AT WESTPHAL COLLEGE OF MEDIA ARTS AND DESIGN, THE COLLEGES OF MEDICINE AND OF ARTS AND SCIENCES, AND THE DEPARTMENT OF BIODIVERSITY, EARTH AND ENVIRONMENTAL SCIENCE. IN HOLDING THESE COLLECTIONS - ACROSS THE ARTS AND SCIENCES - DREXEL FULLY RECOGNIZES ITS PROFESSIONAL, LEGAL, ETHICAL AND CIVIC OBLIGATIONS IN THE AREAS OF DISPLAY, INTERPRETATION, STORAGE, CONSERVATION, CARE, MANAGEMENT AND ACCESS.
PART V, LINE 4: DREXEL UNIVERSITY HAD AN ENDOWMENT SPENDING RULE THAT LIMITED THE SPENDING OF ENDOWMENT RESOURCES TO 6.0% 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) (Rev. 1-2025)


Additional Data


Software ID:  
Software Version:  




SCHEDULE E(Form 990)
(Rev. January 2025)


Department of the Treasury
Internal Revenue Service
Schools

Right pointing arrow large image 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 instructions and the latest information.
OMB No. 1545-0047Open to Public Inspection
Name of the organization
DREXEL UNIVERSITY
 
Employer identification number

23-1352630
Part I
YES
NO
1
Does the organization have a racially nondiscriminatory policy toward students by statement in its charter, bylaws,
other governing instrument, or in a resolution of its governing body? . . . . . . . . . . . . . . . . . .
1
 
No
2
Does the organization include a statement of its racially nondiscriminatory policy toward students in all its
brochures, catalogues, and other written communications with the public dealing with student admissions,
programs, and scholarships? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2
 
No
3
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. . . . . . . . . . . . . . . . . . .
3
 
No
 
4
Does the organization maintain the following:
a
Records indicating the racial composition of the student body, faculty, and administrative staff? . . . . . . . . .
4a
Yes
 
b
Records documenting that scholarships and other financial assistance are awarded on a racially nondiscriminatory
basis? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
4b
Yes
 
c
Copies of all catalogues, brochures, announcements, and other written communications to the public dealing
with student admissions, programs, and scholarships? . . . . . . . . . . . . . . . . . . . . . . .
4c
Yes
 
d
Copies of all material used by the organization or on its behalf to solicit contributions? . . . . . . . . . . . .
4d
Yes
 
If you answered "No" to any of the above, please explain. If you need more space, use Part II.
 
5
Does the organization discriminate by race in any way with respect to:
a
Students' rights or privileges? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
5a
 
No
b
Admissions policies? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
5b
 
No
c
Employment of faculty or administrative staff? . . . . . . . . . . . . . . . . . . . . . . . . .
5c
 
No
d
Scholarships or other financial assistance? . . . . . . . . . . . . . . . . . . . . . . . . . .
5d
 
No
e
Educational policies? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
5e
 
No
f
Use of facilities? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
5f
 
No
g
Athletic programs? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
5g
 
No
h
Other extracurricular activities? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
5h
 
No
If you answered "Yes" to any of the above, please explain. If you need more space, use Part II.
 
6a
Does the organization receive any financial aid or assistance from a governmental agency? . . . . . . . . . .
6a
Yes
 
b
Has the organization's right to such aid ever been revoked or suspended? . . . . . . . . . . . . . . . .
6b
 
No
If you answered "Yes" to either line 6a or line 6b, explain in Part II.
7
Does the organization certify that it has complied with the applicable requirements of sections 4.01 through 4.05
of Rev. Proc. 75-50, 1975-2 C.B. 587, as modified by Rev. Proc. 2019-22, 2019-22 I.R.B. 1260, covering racial nondiscrimination? If "No," explain in Part II. . . . . . . . . . . . . . . . . . . . . . . . . .
7
Yes
 
Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.
Cat. No. 50085D
Schedule E (Form 990) (Rev. 1-2025)
Schedule E (Form 990) (Rev. 1-2025)
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, CR-1: POLICY ON PROHIBITED DISCRIMINATION, HARASSMENT, AND RETALIATION, ON ITS WEBSITE: HTTPS://DREXEL.EDU/CIVIL-RIGHTS/POLICIES/CR-1. DREXEL UNIVERSITY MEETS THE REQUIREMENTS OF SECTIONS 4.01 THROUGH 4.05 OF REV. PROC. 75-50, COVERING RACIAL NONDISCRIMINATION. SINCE IMPLEMENTING CR-1, DREXEL UNIVERSITY HAS OPERATED IN BONA FIDE COMPLIANCE WITH THIS POLICY. DREXEL UNIVERSITY'S TITLE IX/EEO COORDINATOR CAN BE CONTACTED AT CIVILRIGHTS@DREXEL.EDU WITH ANY QUESTIONS.
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) (Rev. 1-2025)
Additional Data


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SCHEDULE F(Form 990)
(Rev. January 2025)
Department of the Treasury
Internal Revenue Service
Statement of Activities Outside the United States
Right arrow Complete if the organization answered "Yes" to Form 990, Part IV, line 14b, 15, or 16.Right arrow Attach to Form 990.Right arrow Go to www.irs.gov/Form990 for instructions and the latest information.
OMB No. 1545-0047
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.
1
For grantmakers. Does the organization maintain records to substantiate the amount of its grants and
other assistance, the grantees’ eligibility for the grants or assistance, and the selection criteria used
to award the grants or assistance? . . . . . . . . . . . . . . . . . . . . . . . . .
2
For grantmakers. Describe in Part V the organization’s procedures for monitoring the use of its grants and other assistance outside the United States.
3
Activites per Region. (The following Part I, line 3 table can be duplicated if additional space is needed.)
(a) Region (b) Number of offices in the region (c) Number of employees, agents, and independent contractors in the 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 0 0 PROGRAM SERVICES ATHLETICS 9,133
EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES ATHLETICS 400
NORTH AMERICA 0 0 PROGRAM SERVICES ATHLETICS 39,895
SOUTH ASIA 0 0 PROGRAM SERVICES CONFERENCES/TRAVEL 155,194
EUROPE 0 0 PROGRAM SERVICES CONFERENCES/TRAVEL 570,327
EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES CONFERENCES/TRAVEL 149,625
SOUTH AMERICA 0 0 PROGRAM SERVICES CONFERENCES/TRAVEL 8,944
NORTH AMERICA 0 0 PROGRAM SERVICES CONFERENCES/TRAVEL 208,421
SUB-SAHARAN AFRICA 0 0 PROGRAM SERVICES CONFERENCES/TRAVEL 19,556
CENTRAL AMERICA 0 0 PROGRAM SERVICES CONFERENCES/TRAVEL 1,834
MIDDLE EAST 0 0 PROGRAM SERVICES CONFERENCES/TRAVEL 71,268
SOUTH ASIA 0 0 FUNDRAISING   104,525
EUROPE 0 0 FUNDRAISING   238,662
EUROPE 0 0 PROGRAM SERVICES RECRUITING 8,112
NORTH AMERICA 0 0 PROGRAM SERVICES RECRUITING 4,331
SOUTH ASIA 0 0 PROGRAM SERVICES RESEARCH 111,599
EUROPE 0 0 PROGRAM SERVICES RESEARCH 1,326,945
EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES RESEARCH 92,207
SOUTH AMERICA 0 0 PROGRAM SERVICES RESEARCH 554,439
NORTH AMERICA 0 0 PROGRAM SERVICES RESEARCH 450,198
SUB-SAHARAN AFRICA 0 0 PROGRAM SERVICES RESEARCH 152,079
CENTRAL AMERICA 0 0 PROGRAM SERVICES RESEARCH 311,596
MIDDLE EAST 0 0 PROGRAM SERVICES RESEARCH 469,837
SOUTH ASIA 0 0 PROGRAM SERVICES STUDY ABROAD 3,896
EUROPE 0 0 PROGRAM SERVICES STUDY ABROAD 1,480,713
EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES STUDY ABROAD 41,737
NORTH AMERICA 0 0 PROGRAM SERVICES STUDY ABROAD 2,242
SUB-SAHARAN AFRICA 0 0 PROGRAM SERVICES STUDY ABROAD 2,082
CENTRAL AMERICA 0 0 PROGRAM SERVICES STUDY ABROAD 40,218
EUROPE 0 0 INVESTMENTS   1,460,043
3a Sub-total .... 0 0 1,141,939
b Total from continuation sheets to Part I ... 0 0 6,948,119
c Totals (add lines 3a and 3b) 0 0 8,090,058
For Paperwork Reduction Act Notice, see the Instructions for Form 990.Cat. No. 50082W Schedule F (Form 990) (Rev. 1-2025)
Schedule F (Form 990) (Rev. 1-2025)
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.
1 (a) Name of organization (b) IRS code section
and EIN (if applicable)		 (c) Region (d) Purpose of
grant 		(e) Amount of
cash grant 		(f) Manner of
cash
disbursement 		(g) Amount
of noncash
assistance 		(h) Description
of noncash
assistance 		(i) Method of
valuation
(book, FMV,
appraisal, other)
SOUTH AMERICA RESEARCH 10,620 WIRE 0    
NORTH AMERICA RESEARCH 10,735 WIRE 0    
SOUTH AMERICA RESEARCH 14,182 WIRE 0    
NORTH AMERICA RESEARCH 22,032 WIRE 0    
SOUTH AMERICA RESEARCH 23,424 WIRE 0    
EAST ASIA RESEARCH 24,294 WIRE 0    
EUROPE (INCLUDING ICELAND AND GREENLAND) RESEARCH 27,378 WIRE 0    
MIDDLE EAST AND NORTH AFRICA RESEARCH 35,270 WIRE 0    
SOUTH AMERICA RESEARCH 38,689 WIRE 0    
EUROPE (INCLUDING ICELAND AND GREENLAND) RESEARCH 75,073 WIRE 0    
SOUTH AMERICA RESEARCH 92,366 WIRE 0    
EUROPE (INCLUDING ICELAND AND GREENLAND) RESEARCH 95,634 WIRE 0    
MIDDLE EAST AND NORTH AFRICA RESEARCH 104,597 WIRE 0    
SOUTH AMERICA RESEARCH 110,331 WIRE 0    
SUB-SAHARAN AFRICA RESEARCH 118,808 WIRE 0    
NORTH AMERICA RESEARCH 147,333 WIRE 0    
EUROPE (INCLUDING ICELAND AND GREENLAND) RESEARCH 150,383 WIRE 0    
NORTH AMERICA RESEARCH 153,497 WIRE 0    
MIDDLE EAST AND NORTH AFRICA RESEARCH 161,203 WIRE 0    
MIDDLE EAST AND NORTH AFRICA RESEARCH 188,875 WIRE 0    
SOUTH AMERICA RESEARCH 208,361 WIRE 0    
EUROPE (INCLUDING ICELAND AND GREENLAND) RESEARCH 235,404 WIRE 0    
CENTRAL AMERICA RESEARCH 325,892 WIRE 0    
2 Enter total number of recipient organizations listed above that are recognized as charities by the foreign country, recognized as tax-exempt by the IRS, or for which the grantee or counsel has provided a section 501(c)(3) equivalency letter .......MediumBullet
23
3 Enter total number of other organizations or entities .......................MediumBullet
0
Schedule F (Form 990) (Rev. 1-2025)
Schedule F (Form 990) (Rev. 1-2025)Page 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.
(a) Type of grant or assistance (b) Region (c) Number of recipients (d) Amount of
cash grant 		(e) Manner of cash
disbursement 		(f) Amount of
noncash
assistance 		(g) Description
of noncash
assistance 		(h) Method of
valuation
(book, FMV,
appraisal, other)
SCHOLARSHIPS EAST ASIA AND THE PACIFIC 11 181,125 CHECK 0    
SCHOLARSHIPS EUROPE 5 34,500 CHECK 0    
SCHOLARSHIPS SUB-SAHARAN AFRICA 1 4,000 CHECK 0    
               
               
               
               
               
               
               
               
               
               
               
               
               
               
               
Schedule F (Form 990) (Rev. 1-2025)
Schedule F (Form 990) (Rev. 1-2025)
Page 4
Part IV
Foreign Forms
1 Was the organization a U.S. transferor of property to a foreign corporation during the tax year? If "Yes," the organization may be required to file Form 926, Return by a U.S. Transferor of Property to a Foreign Corporation (see Instructions for Form 926). . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2 Did the organization have an interest in a foreign trust during the tax year? If "Yes," the organization may be required to 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). . . . . . . . . . . . . . . . . . . . . . . .
3 Did the organization have an ownership interest in a foreign corporation during the tax year? If "Yes," the organization may be required to file Form 5471, Information Return of U.S. Persons with Respect to Certain Foreign Corporations. (see Instructions for Form 5471). . . . . . . . . . . . . . . . . . . . . . . . . . . .
4 Was the organization a direct or indirect shareholder of a passive foreign investment company or a qualified electing fund during the tax year? If “Yes,” the organization may be required to file Form 8621, Information Return by a Shareholder of a Passive Foreign Investment Company or Qualified Electing Fund. (see Instructions for Form 8621) .
5 Did the organization have an ownership interest in a foreign partnership during the tax year? If "Yes," the organization may be required to file Form 8865, Return of U.S. Persons with Respect to Certain Foreign Partnerships (see Instructions for Form 8865). . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
6 Did the organization have any operations in or related to any boycotting countries during the tax year? If "Yes," the organization may be required to separately file Form 5713, International Boycott Report (see Instructions for Form 5713; don't file with Form 990).. . . . . . . . . . . . . . . . . . . . . . . . . . . .
Schedule F (Form 990) (Rev. 1-2025)
Schedule F (Form 990) (Rev. 1-2025)
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.
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
Schedule F (Form 990) (Rev. 1-2025)
Additional Data


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SCHEDULE G (Form 990)
(Rev. January 2025)
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 arrowAttach to Form 990 or Form 990-EZ.
right arrowGo to www.irs.gov/Form990 for instructions and the latest information.
OMB No. 1545-0047
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.
1
Indicate whether the organization raised funds through any of the following activities. Check all that apply.
a e
b f
c g
d
2a
Did the organization have a written or oral agreement with any individual (including officers, directors, trustees
or key employees listed in Form 990, Part VII) or entity in connection with professional fundraising services?
b
If "Yes," list the 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 17,150 90,771 -73,621
 
ALBERT CHECCIO DBA ALBERT R CHECCIO LLC
429 CONESTOGA ROAD
 
WAYNE, PA19087 		CONSULT ON FUNDRAISING STRATEGY   No 0 60,000 -60,000
             
             
             
             
             
             
             
             
Total . . . . . . . . . . . . . . . . . . . . right arrow 17,150 150,771 -133,621
3
List all states in which the organization is registered or licensed to solicit contributions or has been notified it is exempt from registration or licensing.
AL, AK, 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) (Rev. 1-2025)
Schedule G (Form 990) (Rev. 1-2025)
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.




VerticalRevenue
(a) Event #1

ELAM 30TH ANNIVERSARY
(event type) 		(b) Event #2

2024 DRAGON CUP OUTING
(event type) 		(c) Other events

10
(total number) 		(d) Total events
(add col. (a) through col. (c))

1
Gross receipts . . . . .
409,912
118,397
336,640
864,949

2
Less: Contributions . . . .
164,345
12,050
266,340
442,735
3 Gross income (line 1 minus
line 2) . . . . . .
245,567
106,347
70,300
422,214



VerticalDirectExpenses
4 Cash prizes . . . . .     9,188 9,188
5 Noncash prizes . . . .        
6 Rent/facility costs . . . . 368,632 16,928 87,416 472,976
7 Food and beverages . . .   2,918 56,907 59,825
8 Entertainment . . . .   441 2,500 2,941
9 Other direct expenses . . . 35,997 11,176 49,256 96,429
10 Direct expense summary. Add lines 4 through 9 in column (d) . . . . . . . . . . right arrow 641,359
11 Net income summary. Subtract line 10 from line 3, column (d). . . . . . . . . . right arrow -219,145
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.
VerticalRevenue
(a) Bingo (b) Pull tabs/Instant
bingo/progressive bingo 		(c) Other gaming (d) Total gaming (add col.(a) through col.(c))

1
Gross revenue . . . . .
 
 
 
 
VerticalDirectExpenses

2
Cash prizes . . . . .
 
 
 
 

3
Noncash prizes . . . .
 
 
 
 

4
Rent/facility costs . . . .
 
 
 
 

5
Other direct expenses . . .
 
 
 
 


6

Volunteer labor . . . .
%
%
%


7
Direct expense summary. Add lines 2 through 5 in column (d) . . . . . . . . . . right arrow
 

8
Net gaming income summary. Subtract line 7 from line 1, column (d). . . . . . . . . right arrow
 

9
Enter the state(s) in which the organization conducts gaming activities:
a
Is the organization licensed to conduct gaming activities in each of these states? . . . . . . . .
YesNo
b
If "No," explain:
 
10a
Were any of the organization's gaming licenses revoked, suspended or terminated during the tax year? . . .
YesNo
b
If "Yes," explain:
 
Schedule G (Form 990) (Rev. 1-2025)
Schedule G (Form 990) (Rev. 1-2025)
Page 3
11
Does the organization conduct gaming activities with nonmembers? . . . . . . . . . . .
YesNo
12
Is the organization a grantor, beneficiary or trustee of a trust or a member of a partnership or other entity
formed to administer charitable gaming? . . . . . . . . . . . . . . . . .
YesNo
13
Indicate the percentage of gaming activity conducted in:
a
The organization's facility . . . . . . . . . . . . . . . . . .
13a
%
b
An outside facility . . . . . . . . . . . . . . . . . . . .
13b
%
14
Enter the name and address of the person who prepares the organization's gaming/special events books and records:
Name right arrow
Address right arrow
15a
Does the organization have a contract with a third party from whom the organization receives gaming
revenue? . . . . . . . . . . . . . . . . . . . . . . . .
b
If "Yes," enter the amount of gaming revenue received by the organization right arrow $   and the
amount of gaming revenue retained by the third party right arrow $   .
c
If "Yes," enter name and address of the third party:
Name right arrow
Address right arrow
16
Gaming manager information:
Name right arrow
Gaming manager compensation right arrow $  
Description of services provided right arrow
 
17
Mandatory distributions:
a
Is the organization required under state law to make charitable distributions from the gaming proceeds to
retain the state gaming license? . . . . . . . . . . . . . . . . . . .
b
Enter the amount of distributions required under state law distributed to other exempt organizations or spent
in the organization's own exempt activities during the tax year right arrow$  
Part IV
Supplemental Information. Provide the explanations required by Part I, line 2b, columns (iii) and (v); and Part III, lines 9, 9b, 10b, 15b, 15c, 16, and 17b, as applicable. Also provide any additional information. See instructions.
Return Reference Explanation
Schedule G (Form 990) (Rev. 1-2025)
Additional Data


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Schedule I
(Form 990)
(Rev. January 2025)
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 instructions and the latest information.
OMB No. 1545-0047
Open to Public
Inspection
Name of the organization
DREXEL UNIVERSITY
 
Employer identification number
23-1352630
Part I
General Information on Grants and Assistance
1
Does the organization maintain records to substantiate the amount of the grants or assistance, the grantees' eligibility for the grants or assistance, and
the selection criteria used to award the grants or assistance? ........................
2
Describe in Part IV the organization's procedures for monitoring the use of grant funds in the United States.
Part II
Grants and Other Assistance to Domestic Organizations and Domestic Governments. Complete if the organization answered "Yes" 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 (e) Amount of non-cash
assistance		 (f) Method of valuation
(book, FMV, appraisal,
other)		 (g) Description of
noncash assistance		 (h) Purpose of grant
or assistance
(1) 21ST CENTURY PARTNERSHIP FOR STEM EDUCATION
230 SUGARTOWN ROAD SUITE 100
WAYNE,PA19087 		26-1164919 501(C)(3) 114,095 0     RESEARCH
(2) ARXIS LEAGUE INC
7 SILVER SPRING PARK ROAD
RIDGEFIELD,CT06877 		27-0466398 FOR-PROFIT 60,000 0     RESEARCH
(3) BENTEN TECHNOLOGIES INC
9408 GRANT AVE STE 206
MANASSAS,VA20110 		54-1986427 FOR-PROFIT 79,633 0     RESEARCH
(4) BINGHAMTON UNIVERSITY
4400 VESTAL PKWY E
BINGHAMTON,NY13902 		14-6013200 115 62,673 0     RESEARCH
(5) BOARD OF REGENTS OF THE UNIV OF OKLAHOMA HEALTH SCIENCE CTR
PO BOX 26901 RP864 SUITE 450
OKLAHOMA CITY,OK731260901 		73-1563627 501(C)(3) 120,090 0     RESEARCH
(6) BOARD OF SUPERVISORS OF LOUISIANA STATE UNIVERSITY AND AGRICULTURE
PO BOX 2790
BATON ROUGE,LA70821 		72-6000848 115 48,485 0     RESEARCH
(7) BOARD OF TRUSTEES OF THE UNIVERSITY OF ILLINOIS
28392 NETWORK PL
CHICAGO,IL606731283 		37-6000511 501(C)(3) 291,810 0     RESEARCH
(8) BRIGHAM AND WOMEN'S HOSPITAL
PO BOX 3149
BOSTON,MA022413149 		04-2312909 501(C)(3) 140,097 0     RESEARCH
(9) BSCS SCIENCE LEARNING
5415 MARK DABLING BLVD
COLORADO SPRINGS,CO80918 		84-0622557 501(C)(3) 6,821 0     RESEARCH
(10) CALIFORNIA STATE UNIVERSITY SAN MARCOS CORPORATION
333 S TWIN OAKS VALLEY RD
SAN MARCOS,CA92096 		33-0397688 115 28,489 0     RESEARCH
(11) CARNEGIE MELLON UNIV
PO BOX 371525
PITTSBURGH,PA15251 		25-0969449 501(C)(3) 207,843 0     RESEARCH
(12) CASE WESTERN RESERVE UNIVERSITY
PO BOX 74056
CLEVELAND,OH44194 		34-1018992 501(C)(3) 42,457 0     RESEARCH
(13) CENTER FOR BLACK EDUCATOR DEVELOPMENT
1500 CHESTNUT STREET
PHILADELPHIA,PA19102 		84-1814119 501(C)(3) 40,000 0     RESEARCH
(14) CHEYNEY UNIVERSITY
PO BOX 138
CHEYNEY,PA19319 		23-2478688 115 44,478 0     RESEARCH
(15) CHILDRENS HOSPITAL LOS ANGELES
4650 SUNSET BOULEVARD
LOS ANGELES,CA90027 		95-1690977 501(C)(3) 244,922 0     RESEARCH
(16) CHILDREN'S HOSPITAL OF PHILADELPHIA
3401 CIVIC CENTER BLVD
PHILADELPHIA,PA191044319 		23-1352166 501(C)(3) 478,307 0     RESEARCH
(17) CLARITY ASSESSMENT SYSTEMS LTD
300 LAKESHORE RD
OSWEGO,NY13126 		85-2450527 501(C)(3) 17,603 0     RESEARCH
(18) CLEMSON UNIVERSITY
PO BOX 931616
ATLANTA,GA311931616 		57-6000254 115 173,680 0     RESEARCH
(19) COLORADO SCHOOL OF MINES
PO BOX 735377
DALLAS,TX75373 		84-6000551 501(C)(3) 31,745 0     RESEARCH
(20) COMMUNITY COLLEGE OF PHILADELPHIA
1700 SPRING GARDEN ST
PHILADELPHIA,PA19130 		23-2612698 501(C)(3) 26,392 0     RESEARCH
(21) COMMUNITY INTEGRATED SERVICES
441 NORTH 5TH STREET
PHILADELPHIA,PA19123 		23-2648381 501(C)(3) 15,000 0     RESEARCH
(22) DANA-FARBER CANCER INSTITUTE
PO BOX 412846
BOSTON,MA022412846 		04-2263040 501(C)(3) 22,355 0     RESEARCH
(23) DEAF HEARING COMMUNICATION CENTRE
630 FAIRVIEW RD SUITE 100
SWARTHMORE,PA19081 		23-7407560 501(C)(3) 15,000 0     RESEARCH
(24) DELAWARE STATE UNIV
1200 N DUPONT HWY
DOVER,DE19901 		51-0305893 115 64,167 0     RESEARCH
(25) EDISON WELDING INSTITUTE INC
1250 ARTHUR E ADAMS DRIVE
COLUMBUS,OH43221 		31-1119893 501(C)(3) 34,825 0     RESEARCH
(26) EMORY UNIVERSITY
1518 CLIFTON ROAD
ATLANTA,GA30322 		58-0566256 501(C)(3) 89,117 0     RESEARCH
(27) EMPOWERED CDC INC
PO BOX 23428
PHILADELPHIA,PA19143 		84-5037676 501(C)(3) 25,000 0     RESEARCH
(28) GEORGE WASHINGTON UNIVERSITY
PO BOX 829896
PHILADELPHIA,PA191829896 		53-0196584 501(C)(3) 204,609 0     RESEARCH
(29) GEORGIA TECH RESEARCH CORP
PO BOX 100117
ATLANTA,GA30384 		58-0603146 501(C)(3) 206,192 0     RESEARCH
(30) HARVARD UNIVERSITY
665 HUNTINGTON AVE BLDG 2 3RD FLOOR
BOSTON,MA02115 		04-2103580 501(C)(3) 197,430 0     RESEARCH
(31) ICAHN SCHOOL OF MEDICINE AT MOUNT SINAI
ONE GUSTAVE LEVY PL
NEW YORK,NY10029 		13-6171197 501(C)(3) 57,702 0     RESEARCH
(32) INDIANA UNIVERSITY
OFFICE OF RESEARCH ADMINISTRATION
PO BOX 78000
DETROIT,MI482780867 		35-6001673 501(C)(3) 18,452 0     RESEARCH
(33) INSTITUTE FOR HEALTHCARE IMPROVEMENT
PO BOX 845096
BOSTON,MA02284 		38-3017223 501(C)(3) 52,834 0     RESEARCH
(34) JOHNS HOPKINS UNIVERSITY
11100 JOHNS HOPKINS ROAD
LAUREL,MD20723 		52-0595110 501(C)(3) 560,532 0     RESEARCH
(35) KAISER FOUNDATION RESEARCH INSTITUTE
PO BOX 748165
LOS ANGELES,CA90074 		94-1105628 501(C)(3) 84,994 0     RESEARCH
(36) KENNEDY KRIEGER INSTITUTE INC
707 N BROADWAY
BALTIMORE,MD21205 		52-1524965 501(C)(3) 187,882 0     RESEARCH
(37) LEHIGH UNIVERSITY
641 TAYLOR ST
BETHLEHEM,PA18015 		24-0795445 501(C)(3) 172,276 0     RESEARCH
(38) LINCOLN UNIVERSITY
1570 BALTIMORE PIKE
LINCOLN UNIVERSITY,PA19352 		23-1352655 501(C)(3) 306,181 0     RESEARCH
(39) LUNDQUIST INSTITUTE FOR BIOMEDICAL INNOVATION
1124 W CARSON ST
TORRANCE,CA90502 		95-2138184 501(C)(3) 108,320 0     RESEARCH
(40) MATHEMATICA INC
PO BOX 2393
PRINCETON,NJ08543 		22-2112296 FOR-PROFIT 659,903 0     RESEARCH
(41) MAZZONI CENTER
1348 BAINBRIDGE STREET
PHILADELPHIA,PA19147 		23-2176338 501(C)(3) 15,000 0     RESEARCH
(42) MEDICAL UNIVERSITY OF SOUTH CAROLINA
171 ASHLEY AVE MSC 403
CHARLESTON,SC294253001 		57-6000722 115 162,724 0     RESEARCH
(43) MENTAL HEALTH PARTNERSHIPS INC
PO BOX 40049
PHILADELPHIA,PA19106 		23-1425035 501(C)(3) 21,000 0     RESEARCH
(44) NEW YORK UNIVERSITY
70 WASHINGTON SQUARE SOUTH
NEW YORK,NY10012 		13-5562308 501(C)(3) 43,990 0     RESEARCH
(45) NORTHEASTERN UNIVERSITY
360 HUNTINGTON AVENUE
BOSTON,MA02115 		04-1679980 501(C)(3) 12,415 0     RESEARCH
(46) NUEVA ESPERANZA INC
4261 N FIFTH ST
PHILADELPHIA,PA19140 		23-2552707 501(C)(3) 184,816 0     RESEARCH
(47) OCLC ONLINE COMPUTER LIBRARY CENTER INC
PO BOX 714746
CINCINNATI,OH452714746 		31-0734115 501(C)(3) 5,125 0     RESEARCH
(48) OLD DOMINION UNIVERSITY RESEARCH FOUNDATION
PO BOX 6369
NORFOLK,VA23508 		54-6068198 501(C)(3) 13,927 0     RESEARCH
(49) PA CHAPTER OF THE AMERICAN ACADEMY OF PEDIATRICS
661 MOORE ROAD
KING OF PRUSSIA,PA19046 		23-7135840 501(C)(3) 14,806 0     RESEARCH
(50) PALO ALTO VETERANS INSTITUTE FOR RESEARCH
3801 MIRANDA AVENUE 151P PO BOX
V-38
PALO ALTO,CA943040038 		77-0207331 501(C)(3) 11,229 0     RESEARCH
(51) PENNSYLVANIA STATE UNIVERSITY
140 CURTIN ROAD
UNIVERSITY PARK,PA16802 		24-6000376 115 170,283 0     RESEARCH
(52) PHILADELPHIA LANGUAGE SERVICES LLC
PO BOX 1027
HAVERTOWN,PA19083 		46-5644486 FOR-PROFIT 15,000 0     RESEARCH
(53) PORTLAND STATE UNIVERSITY
PO BOX 751 SPA
PORTLAND,OR972070751 		36-4776757 115 19,229 0     RESEARCH
(54) PREVENTION POINT PHILADELPHIA
2913 KENSINGTON AVE 15
PHILADELPHIA,PA19143 		23-2663699 501(C)(3) 110,737 0     RESEARCH
(55) REGENTS OF THE UNIV OF MICHIGAN
UNIT FOR LABORATORY ANIMAL MEDICINE
ULAM INVIVO ANIMAL CORE
ANN ARBOR,MI48109 		38-6006309 501(C)(3) 305,957 0     RESEARCH
(56) REGENTS OF THE UNIVERSITY OF CALIFORNIA
385 CHARLES E YOUNG DR E
LOS ANGELES,CA90095 		95-6006143 501(C)(3) 37,405 0     RESEARCH
(57) REGENTS OF THE UNIVERSITY OF CALIFORNIA AT IRVINE
228 ALDRICH HALL
IRVINE,CA92697 		95-2226406 501(C)(3) 202,366 0     RESEARCH
(58) REGENTS OF THE UNIVERSITY OF CALIFORNIA BERKELEY
PO BOX 744695
LOS ANGELES,CA900744695 		94-6002123 501(C)(3) 1,135,347 0     RESEARCH
(59) REGENTS OF THE UNIVERSITY OF MINNESOTA
PO BOX 1450
MINNEAPOLIS,MN55485 		41-6007513 501(C)(3) 131,201 0     RESEARCH
(60) REGENTS OF UNIVERSITY OF CALIFORNIA DAVIS
PO BOX 741816
LOS ANGELES,CA900741816 		94-6036494 501(C)(3) 426,196 0     RESEARCH
(61) RESEARCH FOUNDATION FOR THE STATE UNIVERSITY OF NEW YORK
PO BOX 6000
BINGHAMTON,NY139026000 		14-1368361 501(C)(3) 64,466 0     RESEARCH
(62) RESEARCH FOUNDATION OF SUNY
520 LEE ENTRANCE SUITE 211
AMHERST,NY14228 		14-1368361 501(C)(3) 22,854 0     RESEARCH
(63) RESEARCH FOUNDATION OF THE CITY UNIVERSITY OF NEW YORK
85 ST NICHOLAS TERRACE
NEW YORK,NY10031 		13-1988190 501(C)(3) 17,635 0     RESEARCH
(64) RESEARCH TRIANGLE INSTITUTE
PO BOX 896945
CHARLOTTE,NC282896945 		56-0686338 501(C)(3) 16,304 0     RESEARCH
(65) RESIDENTS ORGANIZED FOR ADVOCACY AND DIRECTION
1530 SOUTH TANEY STREET
PHILADELPHIA,PA19146 		45-0780993 FOR-PROFIT 6,000 0     RESEARCH
(66) RICE UNIVERSITY
PO BOX 1892
HOUSTON,TX772511892 		74-1109620 501(C)(3) 1,013,466 0     RESEARCH
(67) ROCHESTER INSTITUTE OF TECHNOLOGY
27 LOMB MEMORIAL DRIVE
ROCHESTER,NY14623 		16-0743140 501(C)(3) 16,842 0     RESEARCH
(68) ROWAN UNIVERSITY
16 BROWNSTONE BLVD
VOORHEES,NJ08043 		22-2764819 115 60,439 0     RESEARCH
(69) RUSH UNIVERSITY MEDICAL CENTER
1700 W VAN BUREN ST SUITE 278
CHICAGO,IL606123833 		36-2174823 501(C)(3) 127,161 0     RESEARCH
(70) SAFE AND SOUND A SANDY HOOK INITIATIVE INC
6031 N MAIN STREET RD
WEBB CITY,MO648707219 		46-2723169 501(C)(3) 83,802 0     RESEARCH
(71) SAGEFOX CONSULTING GROUP LLC
30 BOLTWOOD WALK
AMHERST,MA01002 		26-2664749 FOR-PROFIT 8,351 0     RESEARCH
(72) SAN FRANCISCO STATE UNIVERSITY
1600 HOLLOWAY AVENUE
SAN FRANCISCO,CA94132 		93-1137247 115 630,779 0     RESEARCH
(73) SCHOOL DISTRICT OF PHILA
440 N BROAD STREET
PHILADELPHIA,PA19130 		23-7091186 501(C)(3) 8,000 0     RESEARCH
(74) SEAMAAC
1711 S BROAD STREET
PHILADELPHIA,PA19148 		22-2541120 501(C)(3) 25,000 0     RESEARCH
(75) SHARING EXCESS INC
6700 ESSINGTON AVE STE E207
PHILADELPHIA,PA19153 		86-2161466 501(C)(3) 14,966 0     RESEARCH
(76) SPECTRUM SUCCESS 911
200 N 16TH ST
PHILADELPHIA,PA19102 		87-3096767 501(C)(3) 6,000 0     RESEARCH
(77) ST LOUIS UNIVERSITY
3545 LINDELL BLVD
ST LOUIS,MO63103 		43-0654872 501(C)(3) 74,646 0     RESEARCH
(78) TEMPLE UNIVERSITY
362 ALTER HALL 1801 LIACOURAS WALK
PHILADELPHIA,PA19122 		23-1365971 501(C)(3) 529,122 0     RESEARCH
(79) TEXAS A&M ENGINEERING EXPERIMENT STATION
400 HARVEY MITCHELL PKWY S SUITE
300
COLLEGE STATION,TX77845 		74-1974733 115 72,775 0     RESEARCH
(80) TEXAS A&M UNIVERSITY HEALTH SCIENCE CENTER
400 HARVEY MITCHELL PARKWAY SOUTH
COLLEGE STATION,TX77845 		74-2907553 501(C)(3) 71,952 0     RESEARCH
(81) THE COUNCIL ON QUALITY AND LEADERSHIP IN SUPPORTS FOR PEOPLE
100 WEST RD STE 300
TOWSON,MD21204 		52-1156040 501(C)(3) 21,298 0     RESEARCH
(82) THE FEINSTEIN INSTITUTES FOR MEDICAL RESEARCH
PO BOX 95000-7530
PHILADELPHIA,PA191957530 		11-2673595 501(C)(3) 20,511 0     RESEARCH
(83) THE FREE LIBRARY OF PHILADELPHIA FO
1901 VINE STREET
PHILADELPHIA,PA19103 		52-1173474 501(C)(3) 10,000 0     RESEARCH
(84) THE PHILADELPHIA AIDS CONSORTIUM
112 N BROAD STREET
PHILADELPHIA,PA19102 		23-2579594 501(C)(3) 348,884 0     RESEARCH
(85) THE REGENTS OF THE UNIVERSITY OF CALIFORNIA SAN FRANCISCO
UCSF MAIN DEPOSITORY PO BOX 748872
LOS ANGELES,CA900744872 		94-6036493 115 13,592 0     RESEARCH
(86) THE REGENTS OF THE UNIVERSITY OF CALIFORNIA MERCED
5200 N LAKE ROAD
MERCED,CA953435000 		27-0093858 501(C)(3) 9,891 0     RESEARCH
(87) THE STATE UNIVERSITY RUTGERS
PO BOX 9
ALBANY,NY122010009 		22-6001086 115 54,801 0     RESEARCH
(88) THE UNIVERSITY OF TEXAS AT DALLAS
800 WEST CAMPBELL ROAD SP2 27
RICHARDSON,TX75080 		75-1305566 115 25,740 0     RESEARCH
(89) THOMAS JEFFERSON UNIV
1101 MARKET STREET SUITE 2720
PHILADELPHIA,PA19107 		23-1352651 501(C)(3) 69,222 0     RESEARCH
(90) TRUSTEES OF BOSTON UNIVERSITY
855 COMMONWEALTH AVENUE
BOSTON,MA02215 		04-2103547 501(C)(3) 18,317 0     RESEARCH
(91) TRUSTEES OF COLUMBIA UNIVERSITY IN THE CITY OF NEW YORK
615 WEST 131ST STREET
NEW YORK,NY100277922 		13-5598093 501(C)(3) 91,532 0     RESEARCH
(92) TRUSTEES OF DARTMOUTH COLLEGE
6083 ALUMNI GYM
HANOVER,NH03755 		02-0222111 501(C)(3) 141,560 0     RESEARCH
(93) TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA
3620 HAMILTON WALK
PHILADELPHIA,PA19104 		23-1352685 501(C)(3) 2,208,816 0     RESEARCH
(94) TRUSTEES OF TUFTS COLLEGE
80 GEORGE STREET
MEDFORD,MA02155 		04-2103634 501(C)(3) 71,822 0     RESEARCH
(95) UNIV OF ARKANSAS
1 UNIVERSITY OF ARKANSAS
FAYETTEVILLE,AR72701 		71-6003252 115 29,352 0     RESEARCH
(96) UNIV OF VIRGINIA
1001 N EMMET ST
CHARLOTTESVILLE,VA22903 		54-6001796 501(C)(3) 13,416 0     RESEARCH
(97) UNIVERSITY OF CHICAGO
6054 SOUTH DREXEL AVENUE SUITE 200
CHICAGO,IL60637 		36-2177139 501(C)(3) 179,209 0     RESEARCH
(98) UNIVERSITY OF COLORADO
B130 WOLF LAW BUILDING
BOULDER,CO80309 		84-6000555 501(C)(3) 24,635 0     RESEARCH
(99) UNIVERSITY OF CONNECTICUT
1800 ASYLUM AVE
WEST HARTFORD,CT06117 		06-0772160 501(C)(3) 137,025 0     RESEARCH
(100) UNIVERSITY OF DELAWARE
26 NORTH COLLEGE AVENUE
NEWARK,DE19716 		51-6000297 501(C)(3) 100,609 0     RESEARCH
(101) UNIVERSITY OF FLORIDA
PO BOX 100486
GAINESVILLE,FL326100486 		59-6002052 501(C)(3) 46,226 0     RESEARCH
(102) UNIVERSITY OF HOUSTON
PO BOX 988
HOUSTON,TX770010988 		74-6001399 501(C)(3) 90,130 0     RESEARCH
(103) UNIVERSITY OF MARYLAND
1115 EPPLEY RECREATION CENTER
COLLEGE PARK,MD20742 		52-6002033 501(C)(3) 241,056 0     RESEARCH
(104) UNIVERSITY OF MIAMI
PO BOX 405803
ATLANTA,GA30384 		59-0624458 501(C)(3) 107,743 0     RESEARCH
(105) UNIVERSITY OF MISSISSIPPI MEDICAL CENTER
PO BOX 11407
BIRMINGHAM,AL352468528 		64-6008520 501(C)(3) 123,530 0     RESEARCH
(106) UNIVERSITY OF NEW HAMPSHIRE
51 COLLEGE RD ROOM 109
DURHAM,NH038242620 		02-6000937 501(C)(3) 74,500 0     RESEARCH
(107) UNIVERSITY OF NEW MEXICO
PO BOX 4548
ALBUQUERQUE,NM87196 		85-6000642 115 421,343 0     RESEARCH
(108) UNIVERSITY OF NORTH CAROLINA AT CHAPEL HILL
116 MANNING DRIVE CB 7250
CHAPEL HILL,NC275997250 		56-6001393 501(C)(3) 141,553 0     RESEARCH
(109) UNIVERSITY OF PITTSBURGH
3900 FORBES AVE ROOM 223
PITTSBURGH,PA15260 		25-0965591 501(C)(3) 144,338 0     RESEARCH
(110) UNIVERSITY OF SOUTH CAROLINA
1600 HAMPTON STREET SUITE 612
COLUMBIA,SC292083403 		57-6001153 501(C)(3) 19,654 0     RESEARCH
(111) UNIVERSITY OF TENNESSEE
2240 SUTHERLAND AVENUE
KNOXVILLE,TN37919 		62-6001636 115 199,744 0     RESEARCH
(112) UNIVERSITY OF TEXAS AT EL PASO
500 W UNIVERSITY AVE
EL PASO,TX79968 		74-6000813 115 80,743 0     RESEARCH
(113) UNIVERSITY OF UTAH
2000 CIRCLE OF HOPE ROOM 5127
SALT LAKE CITY,UT841125550 		87-6000525 501(C)(3) 11,024 0     RESEARCH
(114) UNIVERSITY OF WASHINGTON
1410 NE CAMPUS PKWY
SEATTLE,WA98195 		91-6001537 115 32,619 0     RESEARCH
(115) VILLANOVA UNIVERSITY
800 LANCASTER AVE
VILLANOVA,PA19085 		23-1352688 501(C)(3) 20,790 0     RESEARCH
(116) WAKE FOREST UNIVERSITY HEALTH SCIENCES
PO BOX 604096
CHARLOTTE,NC28260 		22-3849199 501(C)(3) 139,453 0     RESEARCH
(117) WASHINGTON STATE UNIVERSITY
PO BOX 641025
PULLMAN,WA991641025 		91-6001108 115 30,969 0     RESEARCH
(118) WAYNE STATE UNIVERSITY
PO BOX 02788
DETROIT,MI48202 		38-6028429 115 69,496 0     RESEARCH
(119) WEILL MEDICAL COLLEGE OF CORNELL UNIVERSITY
1300 YORK AVE
NEW YORK,NY10065 		13-1623978 501(C)(3) 24,898 0     RESEARCH
(120) YALE UNIVERSITY
PO BOX 1873
NEW HAVEN,CT06508 		06-0646973 501(C)(3) 52,095 0     RESEARCH
2
Enter total number of section 501(c)(3) and government organizations listed in the line 1 table ................. Bullet Image
114
3
Enter total number of other organizations listed in the line 1 table ........................ . Bullet Image
6
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50055P
Schedule I (Form 990) Rev. 1-2025

Schedule I (Form 990) Rev. 1-2025
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 19518 424,925,678   BOOK  
(2) AWARDS 125 217,935   BOOK  
(3) FELLOWSHIPS 4 13,777   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) Rev. 1-2025



Additional Data


Software ID:  
Software Version:  


Schedule J
(Form 990)
(Rev. January 2025)
Department of the Treasury
Internal Revenue Service
Compensation Information
For certain Officers, Directors, Trustees, Key Employees, and Highest
Compensated Employees
medium right arrow graphic Complete if the organization answered "Yes" on Form 990, Part IV, line 23.
medium right arrow graphic Attach to Form 990.
medium right arrow graphic Go to www.irs.gov/Form990 for instructions and the latest information.
OMB No. 1545-0047
Open to Public Inspection
Name of the organization
DREXEL UNIVERSITY
 
Employer identification number

23-1352630
Part I
Questions Regarding Compensation
Yes
No
1a
Check the appropiate box(es) if the organization provided any of the following to or for a person listed on Form
990, Part VII, Section A, line 1a. Complete Part III to provide any relevant information regarding these items.
b
If any of the boxes 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 .....
1b
 
No
2
Did the organization require substantiation prior to reimbursing or allowing expenses incurred by all
directors, trustees, officers, including the CEO/Executive Director, regarding the items checked on Line 1a? ....
2
Yes
 
3
Indicate which, if any, of the following the filing organization used to establish the compensation of the
organization's CEO/Executive Director. Check all that apply. Do not check any boxes for methods
used by a related organization to establish compensation of the CEO/Executive Director, but explain in Part III.
4
During the year, did any person listed on Form 990, Part VII, Section A, line 1a, with respect to the filing organization or a related organization:
a
Receive a severance payment or change-of-control payment? .............
4a
Yes
 
b
Participate in, or receive payment from, a supplemental nonqualified retirement plan? .........
4b
Yes
 
c
Participate in, or receive payment from, an equity-based compensation arrangement? .........
4c
 
No
If "Yes" to any of lines 4a-c, list the persons and provide the applicable amounts for each item in Part III.
Only 501(c)(3), 501(c)(4), and 501(c)(29) organizations must complete lines 5-9.
5
For persons listed on Form 990, Part VII, Section A, line 1a, did the organization pay or accrue any
compensation contingent on the revenues of:
a
The organization? ....................
5a
 
No
b
Any related organization? .......................
5b
 
No
If "Yes," on line 5a or 5b, describe in Part III.
6
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:
a
The organization? ..................
6a
 
No
b
Any related organization? ......................
6b
 
No
If "Yes," on line 6a or 6b, describe in Part III.
7
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 ............
7
Yes
 
8
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 ..........................
8
 
No
9
If "Yes" on line 8, did the organization also follow the rebuttable presumption procedure described in Regulations section 53.4958-6(c)? .........................
9
 
 
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50053T
Schedule J (Form 990) (Rev. 1-2025)

Schedule J (Form 990) (Rev. 1-2025)
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
(i) Base
compensation 		(ii) Bonus & incentive
compensation 		(iii) Other reportable compensation
1JOHN A FRY
PRESIDENT (TO 9/30/24) 		(i)

(ii)		 934,332
-------------
0 		391,755
-------------
0 		503,451
-------------
0 		37,950
-------------
0 		13,391
-------------
0 		1,880,879
-------------
0 		0
-------------
0
2CHARLES CAIRNS
DEAN & SVP, MED AFFAIRS, COM 		(i)

(ii)		 814,528
-------------
0 		8,165
-------------
0 		243,658
-------------
0 		137,950
-------------
0 		17,725
-------------
0 		1,222,026
-------------
0 		225,000
-------------
0
3HELEN Y BOWMAN
EXECUTIVE VP/COO/CFO/TREASURER 		(i)

(ii)		 723,722
-------------
0 		7,307
-------------
0 		0
-------------
0 		112,950
-------------
0 		19,748
-------------
0 		863,727
-------------
0 		0
-------------
0
4ELISABETH VAN BOCKSTAELE
SVP, GRADUATE AND ONLINE EDUCATION 		(i)

(ii)		 532,168
-------------
0 		4,596
-------------
0 		162,439
-------------
0 		112,950
-------------
0 		15,394
-------------
0 		827,547
-------------
0 		150,000
-------------
0
5DAVID L UNRUH
SVP, INSTITUTIONAL ADVANCEMENT 		(i)

(ii)		 525,261
-------------
0 		5,318
-------------
0 		162,439
-------------
0 		112,950
-------------
0 		19,748
-------------
0 		825,716
-------------
0 		150,000
-------------
0
6MICHAEL J EXLER ESQ
SVP AND GENERAL COUNSEL 		(i)

(ii)		 518,801
-------------
0 		5,250
-------------
0 		162,439
-------------
0 		112,950
-------------
0 		19,748
-------------
0 		819,188
-------------
0 		150,000
-------------
0
7SUBIR SAHU
SVP, STUDENT SUCCESS & INT SVP 		(i)

(ii)		 473,379
-------------
0 		4,200
-------------
0 		162,439
-------------
0 		106,050
-------------
0 		19,488
-------------
0 		765,556
-------------
0 		150,000
-------------
0
8MEGAN WEYLER
SVP AND CHRO 		(i)

(ii)		 443,345
-------------
0 		4,458
-------------
0 		162,439
-------------
0 		106,050
-------------
0 		7,868
-------------
0 		724,160
-------------
0 		150,000
-------------
0
9PAUL JENSEN
NINA HENDERSON PROVOST & EVP 		(i)

(ii)		 653,224
-------------
0 		6,587
-------------
0 		0
-------------
0 		37,950
-------------
0 		19,748
-------------
0 		717,509
-------------
0 		0
-------------
0
10CATHERINE ULOZAS
SVP, CHIEF INVESTMENT OFFICER 		(i)

(ii)		 398,696
-------------
0 		3,100
-------------
0 		108,291
-------------
0 		137,950
-------------
0 		9,493
-------------
0 		657,530
-------------
0 		100,000
-------------
0
11ZACHARY SPIKER
HEAD COACH, BASKETBALL 		(i)

(ii)		 486,244
-------------
0 		4,800
-------------
0 		0
-------------
0 		31,050
-------------
0 		19,041
-------------
0 		541,135
-------------
0 		0
-------------
0
12SHARON WALKER
DEAN, COLLEGE OF ENGINEERING 		(i)

(ii)		 488,953
-------------
0 		0
-------------
0 		0
-------------
0 		31,050
-------------
0 		19,748
-------------
0 		539,751
-------------
0 		0
-------------
0
13THOMAS DECHIARO
VP, INFORMATION TECHNOLOGY & CIO 		(i)

(ii)		 405,260
-------------
0 		4,062
-------------
0 		81,219
-------------
0 		37,950
-------------
0 		7,423
-------------
0 		535,914
-------------
0 		25,000
-------------
0
14TRACY POWELL
SVP, UNIVERSITY MARKETING & COMM 		(i)

(ii)		 393,757
-------------
0 		84,000
-------------
0 		0
-------------
0 		37,950
-------------
0 		19,488
-------------
0 		535,195
-------------
0 		0
-------------
0
15VERDI DISESA
SR. VICE DEAN & COO 		(i)

(ii)		 346,333
-------------
0 		3,749
-------------
0 		142,972
-------------
0 		37,555
-------------
0 		898
-------------
0 		531,507
-------------
0 		0
-------------
0
16PAUL BRANDT-RAUF
DEAN, SCHOOL OF BIOMEDICAL ENG 		(i)

(ii)		 474,766
-------------
0 		4,775
-------------
0 		0
-------------
0 		37,950
-------------
0 		8,986
-------------
0 		526,477
-------------
0 		0
-------------
0
17BRIAN T KEECH
SVP, GOVERNMENT AND COMM RELATIONS 		(i)

(ii)		 341,830
-------------
0 		73,465
-------------
0 		0
-------------
0 		37,950
-------------
0 		19,748
-------------
0 		472,993
-------------
0 		0
-------------
0
18DAWN MEDLEY
SVP, ENROLL MGMT (TO 6/10/25) 		(i)

(ii)		 394,329
-------------
0 		0
-------------
0 		25,500
-------------
0 		37,950
-------------
0 		9,189
-------------
0 		466,968
-------------
0 		0
-------------
0
19REBECCA RHYNHART
SVP FIN/CFO/DEP TREAS (TO 3/17/25) 		(i)

(ii)		 379,252
-------------
0 		0
-------------
0 		0
-------------
0 		31,333
-------------
0 		18,302
-------------
0 		428,887
-------------
0 		0
-------------
0
20ALEISTER SAUNDERS
EXEC. VICE PROVOST, RES. & INNOV 		(i)

(ii)		 344,548
-------------
0 		3,442
-------------
0 		0
-------------
0 		27,829
-------------
0 		19,748
-------------
0 		395,567
-------------
0 		0
-------------
0
21DANIEL SCHIDLOW
FORMER KEY EMPLOYEE 		(i)

(ii)		 311,086
-------------
0 		3,000
-------------
0 		0
-------------
0 		33,330
-------------
0 		1,481
-------------
0 		348,897
-------------
0 		0
-------------
0
22DARIN PFEIFER
SECRETARY 		(i)

(ii)		 184,166
-------------
0 		1,893
-------------
0 		0
-------------
0 		17,204
-------------
0 		7,930
-------------
0 		211,193
-------------
0 		0
-------------
0
23MICHAEL MITTELMAN
TRUSTEE (AS OF 7/1/24) 		(i)

(ii)		 188,450
-------------
0 		0
-------------
0 		0
-------------
0 		20,728
-------------
0 		324
-------------
0 		209,502
-------------
0 		0
-------------
0
24NIKI GIANAKARIS
FORMER KEY EMPLOYEE 		(i)

(ii)		 164,833
-------------
0 		1,700
-------------
0 		0
-------------
0 		15,453
-------------
0 		9,317
-------------
0 		191,303
-------------
0 		0
-------------
0
Schedule J (Form 990) (Rev. 1-2025)

Schedule J (Form 990) (Rev. 1-2025)
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 WAS PROVIDED FINANCIAL PLANNING SERVICES, WHICH IS 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, LINES 4A-B SEVERANCE PAYMENTS CONTINGENT ON SEPARATION FROM THE ORGANIZATION: VERDI DISEA RECEIVED $124,950 IN A LUMP-SUM SEVERANCE PAYMENT AS WELL AS $18,022 IN VACATION PAYOUT. THE FOLLOWING INDIVIDUALS WERE PAID DEFERRED COMPENSATION DURING CALENDAR YEAR 2024. SEE DISCLOSURE FOR PART II FOR MORE DETAIL ON EACH INDIVIDUAL'S DEFERRED COMPENSATION ARRANGEMENT. CHARLES CAIRNS $243,658 ELISABETH VAN BOCKSTAELE $162,439 DAVID UNRUH $162,439 MICHAEL EXLER $162,439 SUBIR SAHU $162,439 MEGAN WEYLER $162,439 CATHERINE ULOZAS $108,291 THOMAS DECHIARO $81,219
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.
SCHEDULE J, PART I, LINE 7: IN JANUARY 2024, A 1% ONE-TIME PAYMENT WAS ISSUED TO FACULTY AND PROFESSIONAL STAFF WHO WERE EMPLOYED BY DREXEL OR THE ACADEMY BEFORE JULY 2023 AND DID NOT RECEIVE A SALARY INCREASE SINCE THAT TIME. TO BE ELIGIBLE FOR THE PAYMENT, ALL COMPLIANCE AND PERFORMANCE DEVELOPMENT REQUIREMENTS MUST HAVE BEEN COMPLETED ON TIME.
PART II: THE UNIVERSITY PROVIDES HELEN BOWMAN, CHARLES CAIRNS, DAVID UNRUH, ELIZABETH VAN BOCKSTAELE, MICHAEL EXLER, MEGAN WEYLER, SUBIR SAHU, AND CATHERINE ULOZAS WITH DEFERRED COMPENSATION ARRANGEMENTS. THE UNIVERSITY WILL CREDIT MS. BOWMAN WITH $75,000 EACH JULY 1, BEGINNING WITH JULY 1, 2023, AND ENDING JULY 1, 2026, IF SHE REMAINS EMPLOYED WITH THE UNIVERSITY. THE ACCOUNT WILL BE CREDITED ANNUALLY WITH INTEREST. MS. BOWMAN WILL BECOME FULLY VESTED IN THE BALANCE OF THE ACCOUNT UPON THE EARLIEST OF THE FOLLOWING: (I) JULY 1, 2026, (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. BOWMAN RESIGNS OR IS TERMINATED BY THE UNIVERSITY FOR CAUSE BEFORE THE ACCOUNT IS VESTED, THE ENTIRE ACCOUNT WILL BE FORFEITED. THE UNIVERSITY WILL CREDIT DR. CAIRNS WITH $100,000 EACH JULY 1, BEGINNING WITH JULY 1, 2024, AND ENDING JULY 1, 2026, 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, 2026, (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 $75,000 EACH JULY 1, BEGINNING WITH JULY 1, 2024, AND ENDING JULY 1, 2026, 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, 2026, (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 $75,000 EACH JULY 1, BEGINNING WITH JULY 1, 2024, AND ENDING JULY 1, 2026, 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, 2026, (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 $75,000 EACH JULY 1, BEGINNING WITH JULY 1, 2024, AND ENDING JULY 1, 2026, 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, 2026, (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 $75,000 EACH JULY 1, BEGINNING WITH JULY 1, 2024, AND ENDING JULY 1, 2026, 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, 2026, (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 $75,000 EACH JULY 1, BEGINNING WITH JULY 1, 2024, AND ENDING JULY 1, 2026, 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, 2026, (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 $100,000 EACH JULY 1, BEGINNING WITH JULY 1, 2024, AND ENDING JULY 1, 2026, 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, 2027, (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) (Rev. 1-2025)

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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.
Attach to Form 990.
Go to www.irs.gov/Form990 for instructions and the latest information.
OMB No. 1545-0047
Open to Public
Inspection
Name of the organization
DREXEL UNIVERSITY
 
Employer identification number
23-1352630
Part Ⅰ
Bond Issues
(a) Issuer name (b) Issuer EIN (c) CUSIP # (d) Date issued (e) Issue price (f) Description of purpose (g) Defeased (h) On
behalf of
issuer		 (i) Pool
financing
Yes No Yes No Yes No
A PENNSYLVANIA HIGHER 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
D NORTH PENN HEALTH HOSPITAL & EDUCATION AUTHORITY (COLUMN D)
  		23-2130191 000000000 11-30-2020 13,969,733 REFUND ISSUE DATED 07/15/2016   X   X   X
Part Ⅱ
Proceeds
A B C D
1 Amount of bonds retired .................. 8,940,000 38,440,000 6,000,000 1,664,794
2 Amount of bonds legally defeased ..............        
3 Total proceeds of issue .................. 164,856,048 141,750,375 136,019,435 13,969,733
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 13,969,733
12 Other unspent proceeds .............        
13 Year of substantial completion ............. 2022 2017 2016 2020
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   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     X
16 Has the final allocation of proceeds been made? .......... X   X   X   X  
17 Does the organization maintain adequate books and records to support the final allocation of proceeds? .................. X   X   X   X  
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50193E
Schedule K (Form 990) (Rev. 1-2025)

Schedule K (Form 990) (Rev. 1-2025)
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   X
2 Are there any lease arrangements that may result in private business use of bond-financed property? ............... X   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   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   X  
c Are there any research agreements that may result in private business use of bond-financed property? .............   X   X   X X  
d If "Yes" to line 3c, does the organization routinely engage bond counsel or other outside counsel to review any research agreements relating to the financed property?             X  
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 .... 0.290 % 0 % 0.300 % 0 %
5 Enter the percentage of financed property used in a private business use as a result of unrelated trade or business activity carried on by your organization, another section 501(c)(3) organization, or a state or local government ......... 0.010 % 0 % 0.610 % 0 %
6 Total of lines 4 and 5 ............. 0.300 % 0 % 0.910 % 0 %
7 Does the bond issue meet the private security or payment test? ...   X   X   X   X
8a Has there been a sale or disposition of any of the bond-financed property to a nongovernmental person other than a 501(c)(3) organization since the bonds were issued?.............   X   X   X   X
b If "Yes" to line 8a, enter the percentage of bond-financed property sold or disposed of. ..        
c If "Yes" to line 8a, was any remedial action taken pursuant to Regulations sections 1.141-12 and 1.145-2? .............                
9 Has the organization established written procedures to ensure that all nonqualified bonds of the issue are remediated in accordance with the requirements under
Regulations sections 1.141-12 and 1.145-2? ........ 		X   X   X   X  
Part Ⅳ
Arbitrage
A B C D
Yes No Yes No Yes No Yes No
1 Has the issuer filed Form 8038-T, Arbitrage Rebate, Yield Reduction and Penalty in Lieu of Arbitrage Rebate? ...   X   X   X   X
2 If "No" to line 1, did the following apply? ....
a Rebate not due yet? .......   X   X   X X  
b Exception to rebate? ........   X   X   X   X
c No rebate due? ......... X   X   X     X
If "Yes" to line 2c, provide in Part Ⅵ the date the rebate
computation was performed ......
3 Is the bond issue a variable rate issue? .....   X   X   X   X
Schedule K (Form 990) (Rev. 1-2025)

Schedule K (Form 990) (Rev. 1-2025)
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   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   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   X
7 Has the organization established written procedures to monitor the requirements of section 148? ... X   X   X   X  
Part Ⅴ
Procedures To Undertake Corrective Action
A B C D
Yes No Yes No Yes No Yes No
Has the organization established written procedures to ensure that violations of federal tax requirements are timely identified and corrected through the voluntary closing agreement program if self-remediation is not available under applicable regulations? X   X   X   X  
Part Ⅵ
Supplemental Information. Provide additional information for responses to questions on Schedule K. (See instructions).
Return Reference Explanation
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
PART II, LINE 3, BOND A: THE TOTAL PROCEEDS OF THE ISSUE DIFFERS FROM THE ISSUE PRICE DUE TO INVESTMENT EARNINGS OF $1,275.
Schedule K (Form 990) (Rev. 1-2025)

Additional Data


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Schedule L
(Form 990)
(Rev. January 2025)
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.
Attach to Form 990 or Form 990-EZ.
Go to www.irs.gov/Form990 for instructions and the latest information.
OMB No. 1545-0047
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 (b) Relationship between disqualified person and organization (c) Description of transaction (d) Corrected?
Yes No
2
Enter the amount of tax incurred by the organization managers or disqualified persons during the year under section 4958. ........................... $
 
3
Enter the amount of tax, if any, on line 2, above, reimbursed by the organization ........ $
 

Part II
Loans to and/or From Interested Persons.
Complete if the organization answered "Yes" on Form 990-EZ, Part V, line 38a, or Form 990, Part IV, line 26; or if the organization reported an amount on Form 990, Part X, line 5, 6, or 22
(a) Name of interested person (b) Relationship with organization (c) Purpose of loan (d) Loan to or from the organization? (e) Original principal amount (f) Balance due (g) In default? (h) Approved by board or committee? (i) Written agreement?
To From Yes No Yes No Yes No
(1) JOHN A FRY OFFICER INSURANCE POLICY   X 720,000 491,042   No Yes   Yes  
Total ............... $ 491,042
Part III
Grants or Assistance Benefiting Interested Persons.
Complete if the organization answered "Yes" on Form 990, Part IV, line 27.
(a) Name of interested person (b) Relationship between interested person and the organization (c) Amount of assistance (d) Type of assistance (e) Purpose of assistance
(1)  
  		  41,635 MERIT SCHOLARSHIP EDUCATIONAL
(2)  
  		  221,504 TUITION REMISSION EDUCATIONAL
For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.
Cat. No. 50056A
Schedule L (Form 990) (Rev. 1-2025)
Schedule L (Form 990) (Rev. 1-2025)
Page 2
Part IV
Business Transactions Involving Interested Persons.
Complete if the organization answered "Yes" on Form 990, Part IV, line 28a, 28b, or 28c.
(a) Name of interested person (b) Relationship between interested person and the organization (c) Amount of transaction (d) Description of transaction (e) Sharing of organization's revenues?
Yes No
(1) TINAMARIE DWYER FAMILY OF KEY EMP 81,600 EMPLOYMENT   No
(2) NOMI EVE FAMILY OF KEY EMP 84,939 EMPLOYMENT   No
(3) BRIDGET KEECH FAMILY OF KEY EMP 45,900 EMPLOYMENT   No
(4) NEWPORT CAPITAL GROUP
  		ENTITY MORE THAN 35% OWNED BY TRUSTEE 145,000 PAYMENT FOR SERVICES   No
Part V
Supplemental Information
Provide additional information for responses to questions on Schedule L (see instructions).
Return Reference Explanation
Schedule L (Form 990) (Rev. 1-2025)


Additional Data


Software ID:  
Software Version:  




SCHEDULE M
(Form 990)

Department of the Treasury
Internal Revenue Service
Noncash Contributions
Right pointing arrow large image 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
2024
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 .... X 1 6,000 FAIR MARKET VALUE
2 Art—Historical treasures .        
3 Art—Fractional interests ..        
4 Books and publications ..      
5 Clothing and household
goods ....... 		     
6 Cars and other vehicles ..        
7 Boats and planes ....        
8 Intellectual property ...        
9 Securities—Publicly traded . X 43 2,607,782 FAIR MARKET VALUE
10 Securities—Closely held stock .        
11 Securities—Partnership, LLC,
or trust interests .... 		       
12 Securities—Miscellaneous ..        
13 Qualified conservation
contribution—Historic
structures ..... 		       
14 Qualified conservation
contribution—Other ... 		       
15 Real estate—Residential .        
16 Real estate—Commercial ..        
17 Real estate—Other ...        
18 Collectibles .....        
19 Food inventory ...        
20 Drugs and medical supplies .        
21 Taxidermy ......        
22 Historical artifacts ....        
23 Scientific specimens ..        
24 Archeological artifacts ...        
25 Other Right pointing arrow large image ( LAB EQUIPMENT ) X 100 1,175,732 FAIR MARKET VALUE
26 Other Right pointing arrow large image ( SOFTWARE LICENSE ) X 128 23,552 FAIR MARKET VALUE
27 Other Right pointing arrow large image ( )
28 Other Right pointing arrow large image ( )
29
Number of Forms 8283 received by the organization during the tax year for contributions
for which the organization completed Form 8283, Part IV, Donee Acknowledgement
29
6
Yes
No
30a
During the year, did the organization receive by contribution any property reported in Part I, lines 1 through 28, that it must hold for at least three years from the date of the initial contribution, and which isn't required to be used for exempt purposes for the entire holding period? ...................
30a
 
No
b
If "Yes," describe the arrangement in Part II.
31
Does the organization have a gift acceptance policy that requires the review of any nonstandard contributions?
31
Yes
 
32a
Does the organization hire or use third parties or related organizations to solicit, process, or sell noncash
contributions? ..........................
32a
 
No
b
If "Yes," describe in Part II.
33
If the organization 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) (2024)
Schedule M (Form 990) (2024)
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) (2024)

Additional Data


Software ID:  
Software Version:  
SCHEDULE O
(Form 990)
(Rev. January 2025)
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.
Attach to Form 990 or 990-EZ.
 Go to www.irs.gov/Form990 for instructions and the latest information.
OMB No. 1545-0047
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, JOHN A. FRY, AND KAREN BUCHOLZ - BUSINESS RELATIONSHIP NICHOLAS DEBENEDICTIS AND ANDREW PENNONI - 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 AN ACTUAL, POTENTIAL, OR PERCEIVED 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 AND ONGOING MANAGEMENT. 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. TRUSTEES WITH A CONFLICT OF INTEREST ON A GIVEN MATTER MUST RECUSE THEMSELVES FROM PARTICIPATING IN DELIBERATIONS AND DECISIONS PERTAINING TO THAT MATTER. 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, 2024.
FORM 990, PART VI, SECTION C, LINE 19 DREXEL UNIVERSITY MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC IN A VARIETY OF WAYS. THE CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE ON ITS WEBSITE, AND ITS GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST.
FORM 990, PART XI, LINE 9: LOSS ON SALUS MERGER -2,609,492.
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) (Rev. 1-2025)


Additional Data


Software ID:  
Software Version:  
SCHEDULE R
(Form 990)
(Rev. January 2025)
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.
Attach to Form 990.
Go to www.irs.gov/Form990 for instructions and the latest information.

OMB No. 1545-0047
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 -19,968 15,815,639 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 5,486 0 DREXEL UNIVERSITY
 






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


(b)
Primary activity


 		(c)
Legal domicile (state
or foreign country)

 		(d)
Exempt Code section


 		(e)
Public charity status
(if section 501(c)(3))

 		(f)
Direct controlling
entity

 		(g)
Section 512(b)(13) controlled entity?
Yes No
(1)ACADEMIC ASSETS INC
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) (Rev. 1-2025)
Schedule R (Form 990) (Rev. 1-2025)
Page 2
Part III
Identification of Related Organizations Taxable as a Partnership. Complete if the organization answered "Yes" on Form 990, Part IV, line 34, because it had one or more related organizations treated as a partnership during the tax year.
(a)
Name, address, and EIN of
related organization



 		(b)
Primary activity




 		(c)
Legal
domicile
(state or foreign
country)


 		(d)
Direct controlling
entity



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

(f)
Share of total income




 		(g)
Share of end-of-year
assets



 		(h)
Disproprtionate allocations?




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



 		(k)
Percentage
ownership
Yes No Yes No
(1) 3509 SPRING GARDEN LP

3201 ARCH ST STE 400
PHILADELPHIA,PA19104
46-2116704 		REAL ESTATE PA 3509 SPRING GARDEN GP INC
  		RELATED -45,456 745,259   No     No 10.000 %
(2) DUC LLC

3201 ARCH STREET STE 400
PHILADELPHIA,PA19104
46-4944473 		DEVELOPMENT AND INVESTMENT PA DREXEL UNIVERSITY
  		RELATED 216,769 19,666,779   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?
Yes No
(1) 3509 SPRING GARDEN GP INC

3201 ARCH STREET STE 400
PHILADELPHIA,PA19104
46-2117383 		REAL ESTATE PA DREXEL UNIVERSITY
  		C -392,419 2,542,269 100.000 % Yes  
(2) DREXEL GLOBAL INDIA PRIVATE LIMITED

A-001 LEELA PARKS CHS LTD OFF MG R
MUMBAI,MAHARASHTRA  
IN
EDUCATIONAL IN DREXEL UNIVERSITY
  		C   12,000 100.000 % Yes  










Schedule R (Form 990) (Rev. 1-2025)
Schedule R (Form 990) (Rev. 1-2025)
Page 3
Part V
Transactions With Related Organizations. Complete if the organization answered "Yes" on Form 990, Part IV, line 34, 35b, or 36.
Note. Complete line 1 if any entity is listed in Parts II, III, or IV of this schedule.
Yes
No
1 During the tax year, did the orgranization engage in any of the following transactions with one or more related organizations listed in Parts II-IV?
a Receipt of (i) interest, (ii) annuities, (iii) royalties, or (iv) rent from a controlled entity .....................
1a
Yes
 
b Gift, grant, or capital contribution to related organization(s) ............................
1b
 
No
c Gift, grant, or capital contribution from related organization(s) ............................
1c
Yes
 
d Loans or loan guarantees to or for related organization(s) ............................
1d
 
No
e Loans or loan guarantees by related organization(s) ............................
1e
Yes
 
f Dividends from related organization(s) ............................
1f
 
No
g Sale of assets to related organization(s) ............................
1g
 
No
h Purchase of assets from related organization(s) ............................
1h
 
No
i Exchange of assets with related organization(s) ............................
1i
 
No
j Lease of facilities, equipment, or other assets to related organization(s) .......................
1j
 
No
k Lease of facilities, equipment, or other assets from related organization(s) ......................
1k
Yes
 
l Performance of services or membership or fundraising solicitations for related organization(s) .....................
1l
Yes
 
m Performance of services or membership or fundraising solicitations by related organization(s) .................
1m
Yes
 
n Sharing of facilities, equipment, mailing lists, or other assets with related organization(s) ...................
1n
 
No
o Sharing of paid employees with related organization(s) ............................
1o
Yes
 
p Reimbursement paid to related organization(s) for expenses ............................
1p
 
No
q Reimbursement paid by related organization(s) for expenses ............................
1q
Yes
 
r Other transfer of cash or property to related organization(s) ............................
1r
 
No
s Other transfer of cash or property from related organization(s) ............................
1s
 
No
2
If the answer to any of the above is "Yes," see the instructions for information on who must complete this line, including covered relationships and transaction thresholds.
(a)
Name of related organization 		(b)
Transaction
type (a-s) 		(c)
Amount involved 		(d)
Method of determining amount involved
(1) ACADEMIC PROPERTIES INC

 K 5,349,000 BOOK AMOUNT
(2) ACADEMIC PROPERTIES INC

 C 1,541,000 BOOK AMOUNT
(3) ACADEMIC PROPERTIES INC

 L 591,000 BOOK AMOUNT
(4) THE ACADEMY OF NATURAL SCIENCES OF PHILADELPHIA

 A 38,000 BOOK AMOUNT
(5) THE ACADEMY OF NATURAL SCIENCES OF PHILADELPHIA

 Q 72,000 BOOK AMOUNT
(6) THE ACADEMY OF NATURAL SCIENCES OF PHILADELPHIA

 L 5,251,000 BOOK AMOUNT
(7) THE ACADEMY OF NATURAL SCIENCES OF PHILADELPHIA

 E 1,092,000 BOOK AMOUNT
Schedule R (Form 990) (Rev. 1-2025)
Schedule R (Form 990) (Rev. 1-2025)
Page 4
Part VI
Unrelated Organizations Taxable as a Partnership. Complete if the organization answered "Yes" on Form 990, Part IV, line 37.
Provide the following information for each entity taxed as a partnership through which the organization conducted more than five percent of its activities (measured by total assets or gross revenue) that was not a related organization. See instructions regarding exclusion for certain investment partnerships.
(a)
Name, address, and EIN of entity 		(b)
Primary activity 		(c)
Legal domicile
(state or foreign
country) 		(d)
Predominant income (related, unrelated, excluded from tax under sections 512-514)

(e)
Are all partners
section
501(c)(3)
organizations? 		(f)
Share of total income




 		(g)
Share of
end-of-year
assets 		(h)
Disproprtionate allocations? 		(i)
Code V-UBI
amount in box 20
of Schedule K-1
(Form 1065) 		(j)
General or
managing
partner? 		(k)
Percentage
ownership
Yes No Yes No Yes No






























Schedule R (Form 990) (Rev. 1-2025)
Schedule R (Form 990) (Rev. 1-2025)
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) (Rev. 1-2025)

Additional Data


Software ID:  
Software Version: