Philadelphia University

“Form 990, Part VI, Line 11b THE FINAL VERSION OF THE FORM 990 AND REQUIRED SCHEDULES WERE E-MAILED TO EACH MEMBER OF THE UNIVERSITY'S BOARD-APPOINTED AUDIT COMMITTEE A WEEK PRIOR TO FILING THE RETURN. THE AUDIT COMMITTEE PERFORMED A HIGH LEVEL REVIEW OF THE FORM 990 AND DETAILS WERE PROVIDED BY THE CONTROLLER AS REQUESTED BY THE COMMITTEE. AFTER THE AUDIT COMMITTEE'S REVIEW IS COMPLETE AND PRIOR TO SUBMISSION OF THE RETURN, THE FORM 990 AND REQUIRED SCHEDULES ARE MADE AVAILABLE TO THE BOARD OF TRUSTEES FOR THEIR HIGH LEVEL REVIEW.”

“Form 990, Part VI, Line 12c PHILADELPHIA UNIVERSITY MONITORS COMPLIANCE WITH THEIR CONFLICT OF INTEREST POLICY BY REQUIRING EACH BOARD TRUSTEE, OFFICER AND SENIOR STAFF TO DISCLOSE ANY MATERIAL FACTS AS TO ANY FINANCIAL INTERESTS IN THE ANNUAL CONFLICT-OF-INTEREST DISCLOSURE STATEMENT SIGNED BY EACH PERSON. ADDITIONALLY, FINANCIAL INTEREST DISCLOSURE IS REQUIRED WHEN MATTERS COME UP FOR ACTION BY THE BOARD OR ANY BOARD COMMITTEE. THE CONFLICT-OF-INTEREST DISCLOSURE REQUIRES ANNUAL DISCLOSURE OF INTERESTS, SUCH AS A LIST OF FAMILY MEMBERS, SUBSTANTIAL BUSINESS OR INVESTMENT HOLDINGS, AND OTHER TRANSACTIONS OR AFFILIATIONS WITH BUSINESS OR OTHER ORGANIZATIONS. THE DISCLOSURE IS FILED ANNUALLY AND REVIEWED BY THE SECRETARY OF THE UNIVERSITY. ALL NEW TRUSTEES AND OFFICERS MUST COMPLETE AND FILE THE DISCLOSURE WITHIN 30 DAYS OF THE INITIATION OF THEIR DUTIES AS TRUSTEE OR OFFICER. A MATERIAL MATTER, FOR PURPOSES OF THE UNIVERSITY'S CONFLICT-OF-INTEREST POLICY, IS DEFINED AS ANY CONTRACT OR TRANSACTION FOR WHICH THE CONSIDERATION EXCEEDS $5,000 SINGULARLY OR IN THE AGGREGATE OVER A ONE YEAR PERIOD. A TRUSTEE OR OFFICER HAVING SUCH FINANCIAL INTEREST IN ANY MATERIAL MATTER SHALL NOT VOTE OR OTHERWISE PARTICIPATE WITH RESPECT TO THE MATTER. THEY MAY BE COUNTED IN DETERMINING THE QUORUM FOR THE MEETING AT WHICH THE MATTER IS CONSIDERED BUT SHALL NOT BE PRESENT WHEN THE FINAL DISCUSSION IS HELD AND THE VOTE IS TAKEN. MINUTES FROM THE MEETING WILL REFLECT SUCH DISCLOSURE AND ABSTENTION.”

“Form 990, Part VI, Line 15a and 15b THE COMPENSATION OF THE UNIVERSITY PRESIDENT, OFFICERS, ALL MEMBERS OF THE PRESIDENT'S COUNCIL AND ANY OTHER EMPLOYEE OF THE UNIVERSITY DETERMINED TO BE IN A POSITION TO EXERCISE SUBSTANTIAL INFLUENCE OVER THE AFFAIRS OF THE UNIVERSITY IS DETERMINED THROUGH A MULTI-STEP PROCESS. THE UNIVERSITY PARTICIPATES IN THE ANNUAL COMPENSATION AND BENEFITS MARKET SURVEY CONDUCTED BY THE ORGANIZATION OF COLLEGE AND UNIVERSITY PERSONNEL ADMINISTRATION FOR HUMAN RESOURCES (CUPA). THIS SURVEY DATA PROVIDES COMPARABLE COMPENSATION DATA FOR SIMILARLY QUALIFIED PERSONS IN COMPARABLE POSITIONS AT OTHER UNIVERSITIES OR PROFESSIONS IN COMPARABLE INDUSTRIES. THE CUPA SURVEY USES SUBJECTIVE CRITERIA TO COMPILE MARKET COMPOSITES UNDER A VARIETY OF MULTI DIMENSIONAL DATA GROUPS. THE INFORMATION SUBMITTED TO LEGAL COUNSEL AND PRESENTED ANNUALLY BY THE HUMAN RESOURCE OFFICE FOR REVIEW BY THE UNIVERSITY'S EXECUTIVE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES. THE COMPENSATION COMMITTEE CONSISTS OF AT LEAST THREE TRUSTEES, INCLUDING A CHAIR WHO IS THE CHAIR OF THE BOARD. COMMITTEE MEMBERS MUST BE INDEPENDENT FROM THE BUSINESS OPERATIONS OF THE UNIVERSITY. THE COMMITTEE MEMBERS ARE CHOSEN BY THE CHAIR OF THE BOARD. THE COMMITTEE MEETS AS OFTEN AS NECESSARY BUT AT LEAST ONCE A YEAR AND WILL REPORT TO THE BOARD ON THE ACTIVITIES OF THE COMMITTEE FROM TIME TO TIME. THE COMMITTEE RECOMMENDS TO THE FULL BOARD FOR APPROVAL THE TOTAL COMPENSATION PACKAGE INCLUDING INCENTIVES, PREREQUISITES AND FRINGE BENEFITS FOR THE PRESIDENT. THE COMMITTEE ALSO REVIEWS AND APPROVES RECOMMENDATIONS BY THE PRESIDENT FOR THE TERMS OF EMPLOYMENT AND TOTAL COMPENSATION OF ALL MEMBERS OF THE PRESIDENT'S COUNCIL. SPECIFICALLY, THE COMMITTEE REVIEWS AND APPROVES BASE SALARY RANGES AND PARTICIPATION AND BENEFIT LEVELS ASSOCIATED WITH ALL FORMS OF COMPENSATION DETERMINING THE REASONABLENESS OF THE COMPENSATION. THE COMMITTEE DOCUMENTS IN A WRITTEN REPORT WITHIN 30 DAYS OF MAKING ITS DETERMINATION OF REASONABLENESS WITH RESPECT TO COMPENSATION OF DISQUALIFIED PERSONS UNDER SECTION 4958 OF THE CODE: (A) THE TERMS OF THE TRANSACTION THAT WERE APPROVED AND THE DATE IT WAS APPROVED; (B) THE MEMBERS OF THE COMMITTEE WHO WERE PRESENT DURING DEBATE ON THE TRANSACTION THAT WAS APPROVED AND THOSE WHO VOTED ON IT; (C) THE COMPARABILITY DATA OBTAINED AND RELIED UPON BY THE COMMITTEE AND HOW THE DATA WAS OBTAINED; AND (D) ANY ACTIONS TAKEN WITH RESPECT TO CONSIDERATION OF THE TRANSACTION BY ANYONE WHO IS OTHERWISE A MEMBER OF THE COMMITTEE BUT WHO HAD A CONFLICT OF INTEREST WITH RESPECT TO THE TRANSACTION. THE REPORT MUST BE APPROVED BY THE COMMITTEE AS REASONABLY ACCURATE AND COMPLETE WITHIN A REASONABLE TIME THEREAFTER AND FORWARDED OR OTHERWISE MADE AVAILABLE TO THE BOARD.”

“Form 990, Part VI, Line 19 THE UNIVERSITY'S BY-LAWS, FINANCIAL STATEMENTS AND CONFLICT OF INTEREST POLICIES ARE AVAILABLE UPON REQUEST. THE UNIVERSITY'S 990 AND 990T TAX FORMS ARE ALSO MADE AVAILABLE TO THE PUBLIC ON THE WEBSITE GUIDESTAR.ORG AND UPON REQUEST.”

“Form 990, Part III, Line 4d OTHER: BUILT IN 1992, THE AWARD WINNING PAUL J. GUTMAN LIBRARY BLENDS A TRADITIONAL PRINT COLLECTION WITH CONTINUALLY EXPANDING DIGITAL RESOURCES. GUTMAN LIBRARY STAFF WORK COLLABORATIVELY WITH THE UNIVERSITY COMMUNITY TO ENSURE STUDENTS ACHIEVE INSTITUTIONAL LEARNING OUTCOMES. THE LIBRARY DEVELOPS, PRESERVES, ORGANIZES, AND MAKES ACCESSIBLE A VARIETY OF RELEVANT PHYSICAL AND DIGITAL COLLECTIONS WHICH SUPPORT THE UNIVERSITY'S CURRICULAR AND RESEARCH GOALS. PHILADELPHIA UNIVERSITY'S ACADEMIC COMPUTING, HONORS PROGRAM, AND LEARNING CENTER SERVE TO ENHANCE THE STUDENT'S LEARNING EXPERIENCE AND PROMOTE SUCCESSFUL OUTCOMES OVER A CROSS SECTION OF STUDENTS.”