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Nonprofiteer
← DREXEL UNIVERSITY

Form 990 for tax year 2022

Filed by DREXEL UNIVERSITY.

Totals

Total revenue
$1,412,910,056
Total expenses
$1,405,662,980
Contributions and grants received
$231,867,487
Grants paid
$443,366,883
Program services expenses (Part IX)
$1,247,509,344
Management and general expenses
$140,480,095
Fundraising expenses
$17,673,541
Program service expenses (Part III)
$1,247,509,344

Program services were 88.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • JOHN A FRY

    PRESIDENT

    Total calculated
    $2,234,754
    From this org
    $2,077,353
    From related orgs
    $0
    Other
    $157,401
    Hours/week
    40 + 7 related

    Schedule J breakdown matched by us

    Base
    $886,109
    Bonus
    $360,000
    Other
    $831,244
    Deferred
    $142,203
    Nontaxable benefits
    $15,198
    Filer's total
    $2,234,754

  • ALFRED F ALTOMARI

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • CHRIS MCKENDRY ANDRADE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • MICHAEL BARRY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • JEFFREY A BEACHELL

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • JAMES BEAN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • SALLY J BELLET

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • GREGORY S BENTLEY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • THOMAS E BERK

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • TED BRYCE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • KAREN DOUGHERTY BUCHHOLZ

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • RANDALL S BURKERT TO 523

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • THOMAS A CARAMANICO

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • HONORABLE IDA K CHEN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • KATHLEEN P CHIMICLES

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • DELLA CLARK

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • ABBIE DEAN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • NICHOLAS DEBENEDICTIS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • AMISH DESAI AS OF 523

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • GERIANNE TRINGALI DIPIANO

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • DOMENIC M DIPIERO III

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • ANGELA DOWD-BURTON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • THOMAS O FITZPATRICK ESQ

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • BRIAN R FORD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • MICHAEL FORMAN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • KENNETH FULMER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • SEAN J GALLAGHER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • DAVID R GELTZER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • RICHARD A GREENAWALT

    CHAIR

    Total calculated
    $0
    Hours/week
    2

  • DAVID GRIFFITH

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • MAURICIO GUTIERREZ

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • RICHARD A HAYNE

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • NINA HENDERSON

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • RICHARD C ILL

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • PATRICIA H IMBESI

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • JOSEPH H JACOVINI ESQ

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • THOMAS R KLINE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • CORINA LAM

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • J MICHAEL LAWRIE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • RAPHAEL C LEE TO 523

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • THOMAS LEONARD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • ALBERT LORD AS OF 523

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • JEFFREY LYASH JR

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • JERRY J MARTIN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • MARK MCADOO

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • PATRICK MCGONIGAL

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • MATTHEW S NAYLOR

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • DENIS P O'BRIEN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • KEVIN J O'HARA

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • RICHELLE P PARHAM

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • CHARLES P PIZZI TO 523

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • THOMAS M RAMPULLA

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • KATHLEEN REARDON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • MARIA RENZ

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • LEVOYD ROBINSON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • MALIK ROSE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • VIRGINIA S ROSE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • STANLEY W SILVERMAN

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • JOSEPH P UJOBAI

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • CHARLES K VALUTAS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • MICHAEL J WILLIAMS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • HELEN Y BOWMAN

    EXECUTIVE VP/TREASURER/COO

    Total calculated
    $1,018,340
    From this org
    $966,123
    From related orgs
    $0
    Other
    $52,217
    Hours/week
    40 + 5 related

    Schedule J breakdown matched by us

    Base
    $677,002
    Bonus
    $136,578
    Other
    $152,543
    Deferred
    $33,550
    Nontaxable benefits
    $18,667
    Filer's total
    $1,018,340

  • DARIN PFEIFER

    SECRETARY

    Total calculated
    $239,223
    From this org
    $205,795
    From related orgs
    $0
    Other
    $33,428
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $173,795
    Bonus
    $32,000
    Other
    $0
    Deferred
    $19,102
    Nontaxable benefits
    $14,326
    Filer's total
    $239,223

  • CHARLES CAIRNS

    DEAN & SVP MED AFFAIRS COM

    Total calculated
    $1,059,202
    From this org
    $933,892
    From related orgs
    $0
    Other
    $125,310
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $778,372
    Bonus
    $155,520
    Other
    $0
    Deferred
    $108,550
    Nontaxable benefits
    $16,760
    Filer's total
    $1,059,202

  • PAUL JENSEN

    SVP & NINA HENDERSON PROVOST

    Total calculated
    $767,686
    From this org
    $715,469
    From related orgs
    $0
    Other
    $52,217
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $621,374
    Bonus
    $94,095
    Other
    $0
    Deferred
    $33,550
    Nontaxable benefits
    $18,667
    Filer's total
    $767,686

  • ELISABETH VAN BOCKSTAELE

    SVP GRAD. AND ONLINE ED.

    Total calculated
    $713,229
    From this org
    $611,012
    From related orgs
    $0
    Other
    $102,217
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $508,462
    Bonus
    $102,550
    Other
    $0
    Deferred
    $83,550
    Nontaxable benefits
    $18,667
    Filer's total
    $713,229

  • MICHAEL J EXLER ESQ

    SVP AND GENERAL COUNSEL

    Total calculated
    $696,849
    From this org
    $594,632
    From related orgs
    $0
    Other
    $102,217
    Hours/week
    40 + 2 related

    Schedule J breakdown matched by us

    Base
    $494,632
    Bonus
    $100,000
    Other
    $0
    Deferred
    $83,550
    Nontaxable benefits
    $18,667
    Filer's total
    $696,849

  • DAVID L UNRUH

    SVP INST ADVANCEMENT

    Total calculated
    $678,694
    From this org
    $576,477
    From related orgs
    $0
    Other
    $102,217
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $500,512
    Bonus
    $75,965
    Other
    $0
    Deferred
    $83,550
    Nontaxable benefits
    $18,667
    Filer's total
    $678,694

  • SUBIR SAHU

    SVP STUDENT SUCCESS

    Total calculated
    $610,551
    From this org
    $514,678
    From related orgs
    $0
    Other
    $95,873
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $454,678
    Bonus
    $60,000
    Other
    $0
    Deferred
    $77,450
    Nontaxable benefits
    $18,423
    Filer's total
    $610,551

  • MEGAN WEYLER

    SVP AND CHRO

    Total calculated
    $589,474
    From this org
    $504,559
    From related orgs
    $0
    Other
    $84,915
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $420,159
    Bonus
    $84,400
    Other
    $0
    Deferred
    $77,450
    Nontaxable benefits
    $7,465
    Filer's total
    $589,474

  • EVELYN THIMBA

    SVP ENROLLMENT MANAGEMENT

    Total calculated
    $459,466
    From this org
    $408,156
    From related orgs
    $0
    Other
    $51,310
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $338,856
    Bonus
    $69,300
    Other
    $0
    Deferred
    $33,550
    Nontaxable benefits
    $17,760
    Filer's total
    $459,466

  • BRIAN T KEECH

    SVP GOV & COMMUNITY RELATIONS

    Total calculated
    $458,831
    From this org
    $406,614
    From related orgs
    $0
    Other
    $52,217
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $324,114
    Bonus
    $82,500
    Other
    $0
    Deferred
    $33,550
    Nontaxable benefits
    $18,667
    Filer's total
    $458,831

  • ALEISTER SAUNDERS

    EXEC VICE PROV, RES & INNO

    Total calculated
    $409,474
    From this org
    $364,504
    From related orgs
    $0
    Other
    $44,970
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $324,504
    Bonus
    $40,000
    Other
    $0
    Deferred
    $26,303
    Nontaxable benefits
    $18,667
    Filer's total
    $409,474

  • DAVID RUSENKO

    VP FINANCE, CFO & ASSOC TREASURER

    Total calculated
    $376,477
    From this org
    $328,610
    From related orgs
    $0
    Other
    $47,867
    Hours/week
    40 + 4 related

    Schedule J breakdown matched by us

    Base
    $328,610
    Bonus
    $0
    Other
    $0
    Deferred
    $33,550
    Nontaxable benefits
    $14,317
    Filer's total
    $376,477

  • CATHERINE ULOZAS

    VP CHIEF INVESTMENT OFFICER

    Total calculated
    $343,741
    From this org
    $271,478
    From related orgs
    $0
    Other
    $72,263
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $271,478
    Bonus
    $0
    Other
    $0
    Deferred
    $63,266
    Nontaxable benefits
    $8,997
    Filer's total
    $343,741

  • NIKI GIANAKARIS

    INTERIM SVP, UNIV COMMUNICATIONS

    Total calculated
    $236,337
    From this org
    $208,347
    From related orgs
    $0
    Other
    $27,990
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $188,347
    Bonus
    $20,000
    Other
    $0
    Deferred
    $19,200
    Nontaxable benefits
    $8,790
    Filer's total
    $236,337

  • OLIMPIA MEUCCI

    CHAIR COM, PHARMACOLOGY

    Total calculated
    $506,610
    From this org
    $462,849
    From related orgs
    $0
    Other
    $43,761
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $427,849
    Bonus
    $35,000
    Other
    $0
    Deferred
    $29,200
    Nontaxable benefits
    $14,561
    Filer's total
    $506,610

  • ZACHARY SPIKER

    HEAD COACH, BASKETBALL

    Total calculated
    $505,631
    From this org
    $460,221
    From related orgs
    $0
    Other
    $45,410
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $460,221
    Bonus
    $0
    Other
    $0
    Deferred
    $27,450
    Nontaxable benefits
    $17,960
    Filer's total
    $505,631

  • PAUL BRANDT-RAUF

    DEAN, SCHOOL OF BIOMEDICAL

    Total calculated
    $497,915
    From this org
    $455,461
    From related orgs
    $0
    Other
    $42,454
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $455,461
    Bonus
    $0
    Other
    $0
    Deferred
    $33,550
    Nontaxable benefits
    $8,904
    Filer's total
    $497,915

  • SHARON WALKER

    DEAN, COLLEGE OF ENGINEERING

    Total calculated
    $497,205
    From this org
    $451,088
    From related orgs
    $0
    Other
    $46,117
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $451,088
    Bonus
    $0
    Other
    $0
    Deferred
    $27,450
    Nontaxable benefits
    $18,667
    Filer's total
    $497,205

  • DANIEL FILLER

    DEAN, KLINE SCHOOL OF LAW

    Total calculated
    $491,021
    From this org
    $445,154
    From related orgs
    $0
    Other
    $45,867
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $444,846
    Bonus
    $0
    Other
    $308
    Deferred
    $33,550
    Nontaxable benefits
    $12,317
    Filer's total
    $491,021

  • DANIEL SCHIDLOW

    FORMER DEAN EMERITUS, COM

    Total calculated
    $346,389
    From this org
    $311,947
    From related orgs
    $0
    Other
    $34,442
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $311,947
    Bonus
    $0
    Other
    $0
    Deferred
    $33,000
    Nontaxable benefits
    $1,442
    Filer's total
    $346,389

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · First-class or charter travel
  • 1a · Travel for companions
  • 1a · Housing allowance or residence for personal use
  • 1a · Health or social club dues or initiation fees
  • 1a · Personal services (maid, chauffeur, chef)
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan
  • 7 · Other non-fixed payments

Answered no

  • 1b · Written policy on the line-1a expenses
  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

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

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
14 May 2024
IRS schema version
2022v5.0
Source object
202421369349304212

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.