2015-05-15T14:02:40-05:00 2014-06-30 990 2013-07-01 231352000 THE ACADEMY OF NATURAL SCIENCES OF PHILADELPHIA ACAD 2152991000 1900 BENJAMIN FRANKLIN PARKWAY PHILADELPHIA PA 191031101 LISA MILLER VP OF FINANCE & CFO 2152991000 2015-05-12 2013 2016-04-25 22:37:26Z THE ACADEMY OF NATURAL SCIENCES OF DREXEL UNIVERSITY LISA MILLER 1900 BENJAMIN FRANKLIN PARKWAY PHILADELPHIA PA 191031101 32776564 0 X WWW.ANSP.ORG X 1812 PA FOUNDED IN 1812, THE ACADEMY OF NATURAL SCIENCES IS A LEADING NATURAL HISTORY MUSEUM DEDICATED TO ADVANCING RESEARCH, EDUCATION AND PUBLIC ENGAGEMENT IN BIODIVERSITY AND ENVIRONMENTAL SCIENCE. 28 24 267 85 57597 0 11343064 11059883 3540565 3418988 3854092 9101909 376947 417519 19114668 23998299 0 122435 0 0 6679256 8445429 0 0 983417 8843470 9703994 15522726 18271858 3591942 5726441 83109693 92042498 9581699 12788063 73527994 79254435 X THE MISSION IS "WE ADVANCE RESEARCH, EDUCATION, AND PUBLIC ENGAGEMENT IN BIODIVERSITY AND ENVIRONMENTAL SCIENCE." THE ACADEMY IMPLEMENTS ITS MISSION THROUGH IMPROVING UNDERSTANDING OF THE DIVERSITY OF LIFE, DEVELOPING AND APPLYING SCIENCE TO PROTECT THE ENVIRONMENT, ADVANCING PUBLIC INTEREST AND ENGAGEMENT IN NATURAL SCIENCES AND ENVIRONMENTAL ISSUES, AND PRESERVING THE HERITAGE OF NATURAL SCIENCE IN SPECIMENS, IMAGES, WORDS AND NUMBERS. 0 0 6719422 118535 1377606 RESEARCH-ACADEMY SCIENTISTS CONDUCT RESEARCH AROUND THE WORLD, COLLECTING SPECIMENS THAT HELP THEM DOCUMENT BIODIVERSITY, TRACE EVOLUTION, AND TRACK ENVIRONMENTAL CHANGES OVER TIME. THROUGH FESTIVALS, MEMBERS' NIGHT, BEHIND-THE-SCENES TOURS, AND POPULAR PUBLICATIONS, THESE SCIENTISTS SHARE THEIR DISCOVERIES, ENABLING THEIR COLLEGUES, VISITORS, AND MEMBERS TO GAIN FURTHER INSIGHT INTO LIFE ON EARTH AND HOW TO SUSTAIN IT IN THE FUTURE. ACADEMY SCIENTISTS PRODUCED MORE THAN 20 PEER-REVIEWED PUBLICATIONS WHILE CULTIVATING OUR COLLECTIONS AND TRAVELING OUTSIDE THE MUSEUM FOR RESEARCH ON DOZENS OF FIELD TRIPS AND EXPEDITIONS. WE CELEBRATED AN INTERNATIONAL SCIENTIFIC BREAKTHROUGH WHICH REVEALED A FINDING ON A NEW FOSSIL MATERIAL OF THE 375 MILLION YEAR OLD SPECIES TIKTAALIK ROSEAE DISCOVERED ON THE TUNDRA OF NUNAVUT, CANADA FILLING YET ANOTHER GAP IN OUR KNOWLEDGE OF EVOLUTION FROM CREATURES OF WATER TO THOSE OF LAND. THE ACADEMY AND DREXEL UNIVERSITY'S BIODIVERSITY, EARTH & ENVIRONMENTAL SCIENCE (BEES) PROGRAM HAS GROWN WITH MANY NEW PROJECTS ON THE HORIZON AS WE CONTINUE TO BE THE EPICENTER OF DISCOVERY. 6792839 900 2233675 EDUCATION - THE ACADEMY BRINGS NATURAL SCIENCE TO LIFE THROUGH THREE FLOORS OF SIGNATURE EXHIBITS, INCLUDING DINOSAURS AND OTHER ANCIENT CREATURES. AT OUR MUSEUM IN FISCAL YEAR 2014, WE WELCOMED MORE THAN 208,000 VISITORS TO EXPLORE OUR DIORAMAS, DINOSAURS, BUTTERFLIES, LIVE ANIMALS, AND THE RENOVATED CHILDREN'S NATURE DISCOVERY CENTER, OUTSIDE IN. THE ACADEMY'S PUBLIC PROGRAMS INTEGRATE LIVE ANIMALS, REAL SPECIMENS, AND EXPERIENCED EDUCATORS WHO BRING NATURAL SCIENCE TO LIFE FOR LEARNERS OF ALL AGES. THE ACADEMY HAS DEVELOPED THE WOMEN IN NATURAL SCIENCES PROGRAM KNOWN AS WINS WHICH IS A FREE AFTER SCHOOL AND SUMMER ENRICHMENT PROGRAM FOR YOUNG WOMEN. THIS PROGRAM INTRODUCES HUNDREDS OF HIGH SCHOOL WOMEN TO FUTURE CAREERS IN SCIENCE. IN FISCAL YEAR 2014, THE ACADEMY LAUNCHED A NUMBER OF EXCITING NEW INITIATIVES AIMED AT TAKING OUR VISITOR EXPERIENCE TO THE NEXT LEVEL. WE BOOSTED THE PRESENCE OF LIVE ANIMALS IN MUSEUM PROGRAMMING BY ADDING DAILY SHOWS, HOSTING STORY TIME, AND ACQUIRING A PORCUPINE, A BLUE TONGUED SKINK, AND TWO HEDGEHOGS. WE DEVELOPED NEW CARTS OF CURIOSITY, WHICH OFFER UP CLOSE ENCOUNTERS WITH ACADEMY STAFF AND LIVE ANIMAL AMBASSADORS. THE ACADEMY ALSO PILOTED AN EIGHT WEEK PROGRAM FOR TEENS WITH AUTISM SPECTRUM DISORDER, BUILT AROUND THE TOPIC OF PALEONTOLOGY. 923479 3000 45547 LIBRARY AND ARCHIVES - ACADEMY LIBRARY AND ARCHIVES IS INTERNATIONALLY RECOGNIZED FOR ITS RARE AND HISTORIC BOOKS, JOURNALS, ART, ARTIFACTS, MANUSCRIPTS, PHOTOGRAPHS, AND THE UNIQUE PAPERS AND RESEARCH OF ACADEMY MEMBERS AND STAFF. THE LIBRARY HOLDS MORE THAN 250,000 TITLES THAT SPAN FIVE CENTURIES. OUR ARCHIVES COLLECTIONS CONTAIN OVER A MILLION ITEMS, INCLUDING MANUSCRIPTS, CORRESPONDENCE, FIELD NOTEBOOKS, FILMS, JOURNALS AND PHOTOGRAPHS. IN 2014, THE NEWLY-APPOINTED BROOKE DOLAN ARCHIVIST INITIATED SIGNIFICANT ACTIVITY IN THE ARCHIVES INCLUDING EVALUATING AND MOVING MATERIALS FROM THE OFFICE SPACE OF THE LATE DR. RUTH PATRICK. THE LIBRARY PROVIDED SERVICES TO ACADEMICS AND THE GENERAL PUBLIC WITH MORNING RESEARCH HOURS AND AFTERNOON HOURS WHEN THE PUBLIC WAS INVITED INTO THE LIBRARY READING ROOM TO VIEW PORTRAITS, LIBRARY RESOURCES, AND SPECIAL EXHIBITS. 14435740 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 1 1 1 0 0 1 0 0 0 1 0 0 1 1 1 0 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 1 X 87 0 1 267 1 1 1 0 0 0 0 1 1 0 0 0 0 X 28 24 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 AL AK AZ AR CA CO DE DC 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 TN TX UT VT VA WA WV WI WY X X DREXEL UNIVERSITYCOMPTROLLER'S OFF 2158952225 3201 ARCH STREET SUITE 340 PHILADELPHIA PA 19104 GEORGE W GEPHART JR PRESIDENT AND CEO 40.00 X X 297851 0 108222 CYNTHIA P HECKSHER CHAIR 2.00 X X 0 0 0 MICHAEL H REED ESQ VICE CHAIR 2.00 X X 0 0 0 PETER AUSTEN BOARD TRUSTEE 2.00 X 0 0 0 HELEN Y BOWMAN BOARD TRUSTEE 2.00 40.00 X 0 576126 39783 BYRON T CLARK BOARD TRUSTEE 2.00 X 0 0 0 CARL S CUTLER BOARD TRUSTEE 2.00 X 0 0 0 ABBIE DEAN BOARD TRUSTEE 2.00 X 0 0 0 HARVEY I FORMAN ESQUIRE BOARD TRUSTEE 2.00 X 0 0 0 JOHN A FRY BOARD TRUSTEE 2.00 40.00 X 0 1271335 231264 MARK L GREENBERG BOARD TRUSTEE 2.00 40.00 X 0 534921 44883 R JAMES MACALEER BOARD TRUSTEE - EMERITUS 2.00 X 0 0 0 SANDRA L MCLEAN SECRETARY 2.00 X X 0 0 0 ALLEN MODEL BOARD TRUSTEE 2.00 X 0 0 0 ANTHONY K MOORE BOARD TRUSTEE 2.00 X 0 0 0 I WISTAR MORRIS III BOARD TRUSTEE - EMERITUS 2.00 X 0 0 0 JOHN NYHEIM BOARD TRUSTEE 2.00 X 0 0 0 PATRICK M OATES PHD BOARD TRUSTEE 2.00 X 0 0 0 SEYMOUR S PRESTON III BOARD TRUSTEE 2.00 X 0 0 0 ANN L REED BOARD TRUSTEE 2.00 X 0 0 0 GERALD B RORER BOARD TRUSTEE 2.00 X 0 0 0 JOHN J SOROKO BOARD TRUSTEE 2.00 X 0 0 0 KENNETH J WARREN BOARD TRUSTEE 2.00 X 0 0 0 DAVID P LAZAR SR TREASURER/VICE CHAIR 2.00 X X 0 0 0 JUDITH E SOLTZ ESQ BOARD TRUSTEE 2.00 X 0 0 0 CATHERINE T HUNT PHD BOARD TRUSTEE 2.00 X 0 0 0 JOHN F BALES III BOARD TRUSTEE 2.00 X 0 0 0 EDWARD A MONTGOMERY JR BOARD TRUSTEE - EMERITUS 2.00 X 0 0 0 MINTURN T WRIGHT III BOARD TRUSTEE - EMERITUS 2.00 X 0 0 0 ELIZABETH DOLAN BOARD TRUSTEE - HONORARY 2.00 X 0 0 0 ROBERT DRURY BOARD TRUSTEE 2.00 X 0 0 0 ELLEN HARVEY BOARD TRUSTEE 2.00 X 0 0 0 JUN HUANGPU BOARD TRUSTEE 2.00 X 0 0 0 DAVID RUSENKO VP OF FINANCE & ADMINISTRATION 7/1/13-1/01/14 40.00 X 131420 0 2996 LISA MILLER ASSISTANT TREASURER 1/21/14-6/30/14 40.00 X 0 0 0 DAVID VELINSKY VP CENTER FOR ACAD 0.00 40.00 X 0 152034 33968 SARA HERTZ VP OF MUSEUM OPERA 40.00 X 176370 0 14010 JACQUELINE GENOVESI VP EDUCATION 40.00 X 107805 0 271 AMY MARVIN VP - INSTITUTIONAL ADVANCEMENT 40.00 X 128437 0 3025 841883 2534416 478422 5 0 1 0 C ERICKSON & SONS INC 2200 ARCH STREET SUITE 200 PHILADELPHIA PA 19103 CONSTRUCTION 863710 MAYO SEITZ MEDIA INC 751 ARBOR WAY 130 BLUE BELL PA 19422 ADVERTISING 394135 CLEAN TECH SERVICES INC 114 CHESTNUT STREET 5TH FL PHILADELPHIA PA 19106 CLEANING SERVICES 241635 FLAG REAL ESTATE PARTNERS II LP 1266 E MAIN STREET 5TH FL STAMFORD CT 06902 INVESTMENT MANAGEMENT 180000 ASSETS PROTECTION INC 113 WEST LINCOLN HIGHWAY LANGHORNE PA 19047 SECURITY 107187 5 457865 67675 5008001 5526342 298437 11059883 MUSEUM ADMISSIONS 900099 1538525 1538525 ENVIRONMENTAL RESEARCH 541700 772249 772249 SYSTEMATIC BIOLOGY RE 541700 605358 605358 EDUCATION & MUSEUM PRO 611600 457309 457309 LIBRARY 519100 45547 45547 3418988 8317690 8317690 144469 144469 9514204 8729985 784219 784219 784219 25893 67675 48280 -22387 -22387 FACILITY SALES 900099 137375 137375 GIFT SHOP 453220 85985 85985 INCOME (LOSS) FROM PARTNERSHIP IN 900099 57597 57597 14480 14480 295437 23998299 3656828 57597 9223991 19477 19477 102958 102958 573884 47672 431553 94659 5519798 4293944 940561 285293 1293083 926567 286881 79635 552293 407932 112424 31937 506371 360778 114020 31573 19496 2944 16552 71075 71075 37714 37714 536889 259997 269183 7709 232724 232724 1132717 893145 191315 48257 688223 490344 154967 42912 8452 8452 998191 949581 37319 11291 269683 260553 7877 1253 181823 128640 27705 25478 16242 16242 3613482 3277914 43287 292281 1092703 1039490 40852 12361 560 360 200 EXHIBITION EXPENSE 624629 624629 MISCELLANEOUS 74053 50232 22221 1600 MEMBERSHIP EXPENSE 43045 15976 18956 8113 ENTERTAINMENT 15937 2863 8309 4765 46356 38568 3488 4300 18271858 14435740 2852701 983417 1313061 6800 52537 3687158 376777 3512232 2991663 20446 6401 0 86684 169061 33196239 11796855 21636265 21399384 32594608 46125417 16305036 17122000 7746661 83109693 92042498 296179 1685116 822838 9718 8462682 11093229 9581699 12788063 X 15277709 14189267 7897818 8479314 50352467 56585854 73527994 79254435 83109693 92042498 5726441 0 X X 0 1 X 1 1 1 X 5810719 5430352 7384123 11343064 11059883 41028141 3693605 3975761 3757189 3803301 3656828 18886684 9504324 9406113 11141312 15146365 14716711 59914825 612033 406589 1192630 6275924 750954 9238130 759206 636948 850111 978870 413803 3638938 1371239 1043537 2042741 7254794 1164757 12877068 47037757 3557521 3289252 3061810 3006202 8462159 21376944 3557521 3289252 3061810 3006202 8462159 21376944 57597 57597 -8861428 -319007 3094821 970111 237839 -4877664 4200417 12376358 17297943 19122678 23474306 76471702 0.61510 0.63690 0.27950 0.24210 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 854742 907120 1761862 2642793 98013 25440 123453 213686 226780 440466 660699 X X X X 0 48638612 707000 7905000 3639612 53611000 45680688 821546 5086554 2950176 48638612 45794134 152200 2486317 2751963 45680688 50024054 1623397 -776448 5076869 45794134 47438833 374640 6248863 4038282 50024054 0.02750 0.87960 0.09290 1 0 21073531 1447530 19626001 12102291 10347964 1754327 20417 1361 19056 21399384 ALTERNATIVE INVESTMENTS 13763000 F REAL ESTATE & REAL ASSETS 3359000 F 17122000 DEPOSITS 1159951 POST RETIREMENT AND PENSION BENEFIT 5946275 DREXEL INTERCOMPANY LOAN 1442681 DUE TO DREXEL UNIVERSITY 2544322 11093229 X 23991823 48280 48280 23943543 54756 54756 23998299 17278015 48280 48280 17229735 54756 987367 1042123 18271858 PART X, LINE 2: THE ACADEMY IS A NONPROFIT ORGANIZATION THAT HAS BEEN GRANTED TAX EXEMPT STATUS UNDER SECTION 501 (C) 3 OF THE INTERNAL REVENUE CODE. THE ACADEMY HAS, FROM TIME TO TIME, REPORTED UNRELATED BUSINESS INCOME FROM INVESTMENTS HELD IN THE ENDOWMENT FUND, WHEN UNRELATED BUSINESS INCOME HAS BEEN REPORTED BY THE INVESTMENT MANAGER ON SCHEDULE K-1. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE ACADEMY AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF IT HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE. MANAGEMENT BELIEVES THE ACADEMY HAS NOT TAKEN AN UNCERTAIN POSITION AS DEFINED IN THE ACCOUNTING LITERATURE. PART XI, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT DIRECT EXPENSE PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT DIRECT EXPENSE PART XII, LINE 4B - OTHER ADJUSTMENTS: EXPENSES RELATED TO FROZEN DEFINED BENEFIT PENSION PLAN PART III, LINE 1A: COLLECTIONS ACQUIRED THROUGH PURCHASES AND CONTRIBUTIONS SINCE THE ACADEMY'S INCEPTION ARE NOT RECOGNIZED AS ASSETS ON THE STATEMENT OF FINANCIAL POSITION. PURCHASES OF COLLECTION ITEMS ARE RECORDED AS DECREASES IN UNRESTRICTED NET ASSETS IN THE YEAR IN WHICH THE ITEMS ARE ACQUIRED OR AS TEMPORARILY OR PERMANENTLY RESTRICTED NET ASSETS IF THE ASSETS USED TO PURCHASE THE ITEMS ARE RESTRICTED BY DONORS. CONTRIBUTED COLLECTION ITEMS ARE NOT REFLECTED ON THE FINANCIAL STATEMENTS. THE ACADEMY'S COLLECTIONS ARE MADE UP OF LIBRARY HOLDINGS, SCIENTIFIC SPECIMENS, MINERALS, GEMS, EXHIBITS, AND ART OBJECTS THAT ARE HELD FOR EDUCATIONAL, RESEARCH, SCIENTIFIC AND CURATORIAL PURPOSES. EACH OF THESE ITEMS ARE CATALOGED, PRESERVED AND CARED FOR, AND ACTIVITIES VERIFYING THEIR EXISTENCE AND ASSESSING THEIR CONDITION ARE PERFORMED CONTINUOUSLY. PART III, LINE 4: THE ACADEMY'S COLLECTIONS OF MORE THAN 18 MILLION CATALOGED NATURAL HISTORY SPECIMENS AND ARTIFACTS ARE COLLECTIVELY AMONG THE 10 LARGEST IN THE UNITED STATES. THROUGH ITS THREE MAIN COMPONENTS - RESEARCH, EDUCATION AND MUSEUM, THE ACADEMY WORKS TO SHARE ITS SCIENTIFIC KNOWLEDGE GAINED FROM THE COLLECTIONS AND OTHER ORGANIZATIONS, GOVERNMENTS, BUSINESSES, AND INDIVIDUALS TO INSPIRE STEWARDSHIP IN THE ENVIRONMENT AND TO PROMOTE AND ENCOURAGE CONTINUED INVESTMENT IN THE NATURAL SCIENCES. PART V, LINE 4: THE ENDOWMENT FUNDS WERE ESTABLISHED TO SUPPORT SCIENTIFIC COLLECTIONS AND RESEARCH, EDUCATION, PUBLICATIONS, THE LIBRARY, DEPARTMENTAL CHAIRS AND POSITIONS, AND THE OVERALL OPERATION OF THE ACADEMY OF NATURAL SCIENCES. 1 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES RESEARCH/COLLECTING 463 EUROPE 0 0 PROGRAM SERVICES RESEARCH/COLLECTING 2115 SOUTH AMERICA 0 0 PROGRAM SERVICES RESEARCH/COLLECTING 11668 CENTRAL AMERICA AND THE CARIBBEAN 0 0 PROGRAM SERVICES RESEARCH/COLLECTING 395 EUROPE 0 0 PROGRAM SERVICES INSTRUCTION RELATED CONFERENCES/TRAVEL 500 0 0 0 0 0 0 15141 0 15141 0 0 0 0 0 0 PART I, LINE 2: THE EXPENDITURES INCURRED IN ACTIVITIES OUTSIDE THE UNITED STATES ARE TRACKED ON EXPENSE REPORTS SUBMITTED BY THE SCIENTISTS AND EMPLOYEES. THE EXPENSE REPORTS DOCUMENT THE ACTUAL EXPENDITURES AND DISBURSEMENTS MADE WITHIN THE FOREIGN LOCATION. CUISINE FROM THE COLLECTIONS 93568 67675 25893 4604 29693 13983 93568 67675 25893 4604 29693 13983 48280 -22387 1 TEXAS A&M UNIVERSITY PO BOX 30017 COLLEGE STATION TX 778423017 746000531 6000 RESEARCH UNIVERSITY OF DELAWARE 220 HULLIHEN HALL NEWARK DE 19716 516000297 501(C)(3) 11559 RESEARCH 2 0 ENTOMOLOGY GRANT 1 94693 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. X X X X X 0 1 0 0 0 0 0 0 0 GEORGE W GEPHART JR PRESIDENT AND CEO 297851 0 0 0 0 0 95100 0 13122 0 406073 0 0 0 HELEN Y BOWMAN BOARD TRUSTEE 0 421371 0 80000 0 74755 0 22950 0 16833 0 615909 0 0 JOHN A FRY BOARD TRUSTEE 0 806335 0 225000 0 240000 0 213954 0 17310 0 1502599 0 0 MARK L GREENBERG BOARD TRUSTEE 0 474921 0 60000 0 0 0 28050 0 16833 0 579804 0 0 DAVID VELINSKY VP CENTER FOR ACAD 0 152034 0 0 0 0 0 17495 0 16473 0 186002 0 0 SARA HERTZ VP OF MUSEUM OPERA 176370 0 0 0 0 0 3546 0 10464 0 190380 0 0 0 PART I, LINE 4B PART I, LINE 4B AND PART II, COLUMN C; THE ORGANIZATION PROVIDES GEORGE GEPHART WITH DEFERRED COMPENSATION DESCRIBED IN SECTION 457(F). IF EXECUTIVE IS CONTINUOSLY EMPLOYED BY THE ACADEMY THROUGH AUGUST 8, 2015, THE DEFERRED COMPENSATION AMOUNT SHOULD BE PAID TO THE EXECUTIVE IN A SINGLE SUM ON OR BEFORE AUGUST 31, 2015. VESTING AND PAYMENT OF THE DEFERRED COMPENSATION SHALL OCCUR ON AUGUST 8, 2015 PROVIDED THAT THE EXECUTIVE IS EMPLOYED BY THE ACADEMY OF NATURAL SCIENCES ON THAT DATE. DREXEL UNIVERSITY (RELATED ORGANIZATION) WILL PROVIDE JOHN FRY WITH DEFERRED COMPENSATION. DREXEL UNIVERSITY SHALL CREDIT MR. FRY WITH $100,000 ON JULY 31, 2011, AND ON EACH FOLLOWING JULY 31 THROUGH 2015 WHILE HE REMAINS EMPLOYED BY DREXEL UNIVERSITY AS PRESIDENT AND CHIEF EXECUTIVE OFFICER. VESTING AND PAYMENT OF THE DEFERRED COMPENSATION SHALL OCCUR ON JULY 31, 2015, PROVIDED MR. FRY IS EMPLOYED BY DREXEL UNIVERSITY ON THAT DATE. IN ADDITION, IN RECOGNITION OF AND CONSIDERATION FOR THE GOODS AND VALUABLE SERVICES MR. FRY HAS PROVIDED, AND WILL CONTINUE TO PROVIDE, TO DREXEL UNIVERSITY DURING HIS EMPLOYMENT, DREXEL UNIVERSITY UNIVERSITY AGREES TO PROVIDE MR. FRY WITH CERTAIN SUPPLEMENTAL RETIREMENT AND DEATH BENEFITS, EFFECTIVE AS OF JULY 1, 2012. MR. FRY'S ACCOUNT SHALL BE CREDITED WITH AN ALLOCATION BY DREXEL UNIVERSITY IN THE FALL OF EACH YEAR (AND NOT LATER THAN DECEMBER 15), BEGINNING IN THE FALL OF 2013, AND ENDING IN THE FALL OF 2020, IN ACCORDANCE WITH THE FOLLOWING FORMULA. THE ALLOCATION FOR EACH YEAR SHALL BE CONDITIONED ON MR. FRY'S CONTINUED EMPLOYMENT THROUGH THE END OF THE FISCAL YEAR ENDING ON THE IMMEDIATELY PRECEDING JUNE 30 (OR UPON THE DATE OF DEATH, TOTAL DISABILITY, OR INVOLUNTARY TERMINATION, IF EARLIER). THE FORMULA IS 11% OF THE SUM OF MR. FRY'S PAID COMPENSATION (BASE SALARY AND ANNUAL PERFORMANCE BONUS (IF ANY)) FOR THE FISCAL YEAR ENDING ON THE IMMEDIATELY PRECEDING JUNE 30 THAT IS IN EXCESS OF THE COMPENSATION LIMIT UNDER SECTION 401(A)(17) OF THE INTERNAL REVENUE CODE AS IN EFFECT DURING SUCH PERIOD IN DETERMINING THE MAXIMUM COMPENSATION UNDER DREXEL UNIVERSITY'S PENSION PLAN. X 2 0 PART II EXPLANATION X PART II EXPLANATION X 2 0 PART II EXPLANATION X 24 298437 SELLING PRICE X 12 0 PART II EXPLANATION X 7 0 PART II EXPLANATION X MISCELLANEOUS 33 0 PART II EXPLANATION 2 0 1 0 PART I, COLUMN (B): THE ORGANIZATION IS REPORTING THE NUMBER OF CONTRIBUTIONS IN COLUMN (B), NOT THE NUMBER OF ITEMS. PART I, LINE 33: THE ORGANIZATION DOES NOT RECOGNIZE REVENUE FOR CONTRIBUTIONS OF COLLECTION ITEMS BECAUSE COLLECTIONS ARE NOT CAPITALIZED AS ALLOWED UNDER SFAS 116. THE ORGANIZATION ALSO DOES NOT RECOGNIZE REVENUE FOR NONCASH CONTRIBUTIONS (OTHER THAN SECURITIES) THAT ARE LESS THAN $5,000 IN VALUE. FORM 990, PART V, LINE 7G: NOT APPLICABLE. FORM 990, PART V, LINE 7H: NOT APPLICABLE. FORM 990, PART VI, SECTION A, LINE 1 EMERTIUS TRUSTEES AND HONORARY TRUSTEES SHALL HAVE SUCH OTHER PRIVILEGES AS THE BOARD SHALL DETERMINE BUT SHALL NOT BE ELIGIBLE TO VOTE. FORM 990, PART VI, SECTION A, LINE 6 THE MEMBERSHIP OF THE ACADEMY CONSISTS OF ONE VOTING MEMBER WHICH IS DREXEL UNIVERSITY. FORM 990, PART VI, SECTION A, LINE 7A DREXEL UNIVERSITY IS THE SOLE VOTING MEMBER AND HAS THE AUTHORITY TO APPOINT OR REMOVE AN ACADEMY TRUSTEE. FORM 990, PART VI, SECTION A, LINE 7B TO THE FULLEST EXTENT PERMITTED UNDER THE PENNSYLVANIA NON-PROFIT CORPORATION LAW OF 1988, AS AMENDED, CERTAIN CORPORATE ACTIONS REQUIRE THE APPROVAL OF THE MEMBER. FORM 990, PART VI, SECTION B, LINE 11 THE DRAFT 990 IS PREPARED INTERNALLY AND REVIEWED BY THE ACADEMY'S AUDIT COMMITTEE. ACTING ON BEHALF OF THE BOARD, THE AUDIT COMMITTEE WILL APPROVE THE FINAL VERSION AND DIRECT THE RETURN TO BE FILED. A COPY OF THE FINAL VERSION IS DISTRIBUTED TO ALL MEMBERS OF THE BOARD OF TRUSTEES PRIOR TO FILING AND POSTED ON THE WEBSITE. FORM 990, PART VI, SECTION B, LINE 12C ALL TRUSTEES AND APPROPRIATE ACADEMY STAFF REVIEW AND SIGN A CONFLICT OF INTEREST POLICY EACH YEAR WHICH IS MONITORED FOR COMPLIANCE BY DREXEL UNIVERSITY'S OFFICE OF GENERAL COUNSEL. FORM 990, PART VI, SECTION B, LINE 15 THE ACADEMY'S BOARD OF TRUSTEES IS RESPONSIBLE FOR DETERMINING THE COMPENSATION OF THE ACADEMY'S PRESIDENT AND CEO. DECISIONS REGARDING COMPENSATION ARE BASED ON OVERALL PERFORMANCE AND APPLICABLE MARKET AND ECONOMIC CONDITIONS AS WELL AS APPROPRIATE COMPARABILITY DATA AS DEFINED IN IRS TREASURY REGULATION 53.4958-6(C)(2), AS AMENDED. THE COMPENSATION OF THE ACADEMY PRESIDENT AND CEO IS SUBJECT TO THE APPROVAL OF THE DREXEL UNIVERSITY BOARD OF TRUSTEES THROUGH ITS APPROVAL OF THE ACADEMY'S OPERATING BUDGET, OF WHICH SUCH COMPENSATION IS A PART. FORM 990, PART VI, SECTION C, LINE 19 THROUGH THE ACADEMY'S PUBLIC WEBSITE THE PUBLIC MAY REQUEST AND PRINT THE ACADEMY'S BY-LAWS, ARTICLES OF INCORPORATION, FORM 990, CODE OF ETHICS AND CONDUCT AND THE CURRENT AUDIT FINANCIAL STATEMENTS. THE ACADEMY WILL ALSO RESPOND TO WRITTEN REQUESTS AS WELL AS PHONE REQUESTS FOR INFORMATION FOR THOSE WITHOUT COMPUTER ACCESS. THE ACADEMY'S 990 ALSO APPEARS ON INDEPENDENT NON-PROFIT WEBSITES LIKE GUIDESTAR AND CHARITY NAVIGATOR. FORM 990, PART XII, LINE 2C: THE ACADEMY'S AUDIT COMMITTEE REVIEWS AND APPROVES THE AUDIT PLAN AND AUDITED FINANCIAL STATEMENTS FOR THE ACADEMY OF NATURAL SCIENCES. THE TASK OF SELECTING THE INDEPENDENT AUDITOR, FOR THE UNIVERSITY AND ITS SUBSIDIARIES, IS THE RESPONSIBILITY OF DREXEL UNIVERSITY'S AUDIT COMMITTEE. DREXEL UNIVERSITY 3141 CHESTNUT STREET PHILADELPHIA PA 19104 231352630 EDUCATIONAL INSTITUTION PA 501(C)3 LINE 2 N/A 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 0 DREXEL UNIVERSITY M 2007000 BOOK AMOUNT DREXEL UNIVERSITY P 262000 BOOK AMOUNT DREXEL UNIVERSITY A 16000 BOOK AMOUNT