2026-05-15T10:46:12-05:00 2025-06-30 990 2024-07-01 231352000 THE ACADEMY OF NATURAL SCIENCES OF PHILADELPHIA ACAD 2152991000 1900 BENJAMIN FRANKLIN PARKWAY PHILADELPHIA PA 191031101 MEGHAN BUCCI CHIEF FINANCIAL OFFICER 2152991000 2026-05-14 0 2024 2025-03-06 01:10:19Z THE ACADEMY OF NATURAL SCIENCES OF DREXEL UNIVERSITY MEGHAN BUCCI 1900 BENJAMIN FRANKLIN PARKWAY PHILADELPHIA PA 191031101 37178303 0 X WWW.ANSP.ORG X 1812 PA UNDERSTAND THE NATURAL WORLD AND INSPIRE EVERYONE TO CARE FOR IT. 26 23 237 217 745644 633129 13264512 12247339 5842234 5930250 2202860 6644727 1095487 952084 22405093 25774400 586488 543691 0 0 11931675 11924680 0 0 1044769 11175048 11312068 23693211 23780439 -1288118 1993961 107084169 110211618 5616961 4132495 101467208 106079123 X THE MISSION IS "TO UNDERSTAND THE NATURAL WORLD AND INSPIRE EVERYONE TO CARE FOR IT." THE ACADEMY IMPLEMENTS ITS MISSION THROUGH UNDERSTANDING THE DIVERSITY OF LIFE; DEVELOPING AND APPLYING SCIENCE TO PROTECT THE ENVIRONMENT; AND INFORMING AND BUILDING A MOVEMENT OF ENVIRONMENTALLY ENGAGED COMMUNITIES FOR A HEALTHY, SUSTAINABLE AND EQUITABLE PLANET. 0 0 7677553 539691 2272278 SCIENCE DIVISION - ACADEMY SCIENTISTS CONDUCT RESEARCH AROUND THE WORLD, COLLECTING SAMPLES THAT HELP THEM DOCUMENT BIODIVERSITY, TRACE EVOLUTION, AND TRACK ENVIRONMENTAL CHANGES OVER TIME. FOR OVER 200 YEARS, ACADEMY SCIENTISTS HAVE PRESERVED, CURATED, AND STUDIED WHAT IS NOW A WORLD-CLASS COLLECTION OF AN ESTIMATED 19 MILLION BIOLOGICAL SPECIMENS THAT DOCUMENT THE HISTORY OF LIFE ON EARTH. THE ACADEMY'S ENVIRONMENTAL WORK INCLUDES A FOCUS ON UNDERSTANDING AND MANAGING THE VARIED IMPACTS OF HUMANS ON THE ENVIRONMENT AND THE IMPACTS OF ENVIRONMENTAL CONDITIONS ON DIVERSE HUMAN COMMUNITIES. FUNDING FOR RESEARCH COMES FROM FEDERAL, STATE, AND LOCAL GOVERNMENTAL AGENCIES, PRIVATE CORPORATIONS, AND FOUNDATIONS. THROUGH FESTIVALS (SUCH AS OUR POPULAR BUG FEST), MEMBERS' NIGHT, BEHIND-THE-SCENES TOURS, PUBLICATIONS, AND PUBLIC PROGRAMS, SCIENTISTS SHARE THEIR DISCOVERIES, ENABLING COLLEAGUES, VISITORS, AND MEMBERS TO GAIN FURTHER INSIGHT INTO EARTH'S ENVIRONMENTAL PROCESSES AND HOW TO MAINTAIN A SUSTAINABLE FUTURE. THROUGH RESEARCH EXPEDITIONS, ACADEMY SCIENTISTS PRODUCE SCIENTIFIC PUBLICATIONS AND EXPAND COLLECTIONS THAT SUPPORT RESEARCHERS AND SCIENTISTS WORLDWIDE. THE ACADEMY AND DREXEL UNIVERSITY'S JOINT PROGRAM BIODIVERSITY, EARTH AND ENVIRONMENTAL SCIENCE (BEES) HAS GROWN, WITH MANY NEW PROJECTS ON THE HORIZON AS WE CONTINUE TO BE THE EPICENTER OF DISCOVERY. BY DIGITIZING THE COLLECTIONS, SEARCHING FOR GENETIC CLUES TO BIODIVERSITY, AND UNDERSTANDING ENVIRONMENTAL CHANGES IN LOCAL WETLANDS AND WATERSHEDS, ACADEMY SCIENTISTS CONTINUE TO BE LEADING RESEARCHERS IN NATURAL SCIENCES. 7684285 1000 3047810 PUBLIC EDUCATION - THE ACADEMY BRINGS NATURAL SCIENCE TO LIFE THROUGH THREE FLOORS OF ENGAGING PERMANENT EXHIBITS THAT INCLUDE OUR HISTORIC DIORAMAS AND DINOSAUR HALL, AS WELL AS THE CHILDREN'S NATURE DISCOVERY CENTER, OUTSIDE IN, THAT FACILITATES HANDS-ON EXPERIENCES WITH LIVE ANIMALS. WHILE VISITATION TO THE ACADEMY IS STILL REBOUNDING FROM THE EFFECTS OF THE GLOBAL COVID-19 PANDEMIC, WE WELCOMED MORE THAN 126,000 VISITORS IN THE FISCAL YEAR 2025. THIS PAST SUMMER, THE NUMBER OF GROUP VISITS FOR SUMMER CAMPS CONTINUED TO INCREASE, AND ATTENDEES OF THE ACADEMY'S POPULAR SUMMER SCIENCE CAMP ROSE SIGNIFICANTLY. THE ACADEMY CONTINUES TO OFFER EXCITING NEW EXPERIENCES TO THE PUBLIC. IN 2025, THE ACADEMY PRESENTED THE FIRST-EVER CO-CREATED EXHIBITION WITH DREXEL'S WESTPHAL COLLEGE. THE EXHIBITION FEATURED STUNNING AND PROVOCATIVE GARMENTS FROM DREXEL'S ROBERT AND PENNY FOX HISTORIC COSTUME COLLECTION ALONGSIDE SPECIMENS FROM THE ACADEMY OF NATURAL SCIENCES AND WORKS BY CONTEMPORARY CHANGEMAKERS. TOGETHER, THE EXHIBITION BOLDLY EXPLORED HOW MATERIALS, PRODUCTION PROCESSES, AND OUR OWN PATTERNS OF CLOTHING CONSUMPTION IMPACT THE WORLD AROUND US. IN OUR SPOTLIGHT GALLERY, WE PRESENTED THREE NEW EXHIBITIONS HIGHLIGHTING THE ROLE OF COMMUNITY SCIENCE IN ADVANCING OUR UNDERSTANDING OF THE NATURAL WORLD, INCLUDING HEIRLOOM PLANTS, NEIGHBORHOOD NATURALISTS, AND LIVING WITHIN THE WATERSHED, WHICH HELPED CATALYZE THE OPENING OF THE WATERSHED, A NEW CLIMATE RESILIENCE HUB IN GERMANTOWN IN PARTNERSHIP WITH MURAL ARTS PHILADELPHIA AND THE PHILADELPHIA WATER DEPARTMENT. IN OUR SPECIAL EXHIBITIONS GALLERY, WE PRESENTED ICE DINOSAURS, AN EXHIBITION BASED ON GROUNDBREAKING DISCOVERIES SURROUNDING DINOSAURS THAT LIVED IN EXTREME POLAR ENVIRONMENTS. PUBLIC PROGRAMMING, INCLUDING THE ACADEMY TOWN SQUARE SERIES, DINOS AFTER DARK, AND FESTIVALS SUCH AS THE BELOVED BUG FEST AND CONFLUENCE FILM FESTIVAL, NOW IN ITS SECOND YEAR, ANIMATED THE PUBLIC EXPERIENCE. IN FISCAL YEAR 2025, WE ALSO CONTINUED TO COLLABORATE WITH DREXEL FACULTY ON THE MUSEUM INNOVATION FUND, A MICRO-GRANTING OPPORTUNITY THAT INSPIRES FACULTY AND STUDENTS TO EXPERIMENT WITH THE ACADEMY AS A SPACE FOR NEW APPROACHES TO PUBLIC ENGAGEMENT.THE COMMUNITY LEARNING DIVISION CONTINUES TO CREATE COMMUNITY-CENTERED INITIATIVES THAT MOBILIZE ENVIRONMENTAL JUSTICE LEADERS AND CIVICALLY MINDED INDIVIDUALS. PARTNERING WITH COMMUNITIES ACROSS THE CITY, THE ACADEMY PROVIDES SCIENCE-INFUSED CURRICULUM TO SCHOOLS AND EDUCATORS, SUPPORTS PROFESSIONAL DEVELOPMENT WITHIN A NETWORK OF EDUCATORS, AND CREATES ENVIRONMENTAL JUSTICE PROGRAMS FOR STUDENTS. THE DEPARTMENT OF COMMUNITY SCIENCE WORKS IN PARTNERSHIP WITH DREXEL'S ENVIRONMENTAL COLLABORATORY TO IDENTIFY AND DELIVER FUNDED PROJECTS IN WHICH INDIVIDUALS AND COMMUNITIES PARTNER WITH SCIENTISTS TO ANSWER AND ADDRESS REAL-WORLD ENVIRONMENTAL QUESTIONS. DRAWING ON THE ACADEMY'S UNIQUE ATTRIBUTES - INCLUDING ITS SCIENTISTS, COLLECTIONS, AND RELATIONSHIP WITH DREXEL, THE EDUCATION, LEARNING AND DEVELOPMENT (ELD) DEPARTMENT CREATES PROGRAMS AND CURRICULA IN SUPPORT OF LIFELONG LEARNING. ELD HAS BEEN PROVIDING FOCUSED STEM LESSONS FOR 2ND AND 3RD GRADE STUDENTS AT THE FRIENDS SELECT SCHOOL FOR MORE THAN 10 YEARS. THE ACADEMY'S CENTER FOR STEAM EQUITY WORKS IN PARTNERSHIP WITH DREXEL (IN PARTICULAR, THE SCHOOL OF EDUCATION) TO ADDRESS SOCIAL INEQUITY THROUGH STEAM TEACHING AND LEARNING BY CONDUCTING, CATALYZING AND SUPPORTING COMMUNITY-BASED RESEARCH. AMONG THESE EFFORTS, THE NATIONALLY RECOGNIZED AND AWARD-WINNING WOMEN IN NATURAL SCIENCES (WINS) PROGRAM, THE LONGEST-RUNNING OF ITS KIND IN THE REGION, CONTINUES TO DELIVER AFTER-SCHOOL AND SUMMER ENRICHMENT FOR YOUNG WOMEN, INTRODUCING HUNDREDS OF HIGH SCHOOL STUDENTS TO FUTURE CAREERS IN SCIENCE. OUR MOST RECENT ADDITION TO THE PROGRAM SUPPORTS WINS STUDENTS AS THEY NAVIGATE THEIR YEARS IN HIGHER EDUCATION. WINS III FOLLOWS THE STUDENTS AS THEY TRANSITION FROM HIGH SCHOOL TO COLLEGE, OFFERING MENTORSHIP, SKILL-BUILDING WORKSHOPS AND CONTINUED ACADEMIC SUPPORT. THE EDUCATION, LEARNING AND DEVELOPMENT TEAM REACHES STUDENTS AGES 3 AND UP IN PRIVATE, CHARTER, AND PUBLIC SCHOOLS, DURING THE SCHOOL DAY AS WELL AS IN OUTREACH PROGRAMS. WE ALSO WORK WITH COMMUNITY PARTNERS THROUGHOUT THE CITY. OUR KEY PARTNERSHIPS AND COLLABORATIONS ARE CURRENTLY WITH THE MANTUA CIVIC ASSOCIATION, IN COLOR BIRDING CLUB, SLOAN STREET COMMUNITY GARDEN AND BOTH LANKENAU AND OLNEY HIGH SCHOOLS. VOLUNTEER AND CIVIC ENGAGEMENT ENABLES RECRUITMENT, SCREENING, AND PLACEMENT OF VOLUNTEERS TO SUPPORT WORK THROUGHOUT THE ACADEMY, SUPPORTS STAFF IN DESIGNING MEANINGFUL VOLUNTEER, INTERN AND CO-OP POSITIONS THAT SERVE THE MISSION OF THE ACADEMY AND PROVIDES SUPPORT IN DEVELOPING TRAINING AND IN ONGOING SUPERVISION AND RECOGNITION OF THE ACCOMPLISHMENTS OF VOLUNTEERS, UNPAID INTERNS, AND CO-OP STUDENTS. 217 VOLUNTEERS CONTRIBUTED 17,566 HOURS TO THE ACADEMY. 1254140 3000 610162 LIBRARY AND ARCHIVES - THE ACADEMY'S LIBRARY AND ARCHIVES IS INTERNATIONALLY RECOGNIZED FOR ITS RARE AND HISTORIC COLLECTION OF 80,000 TITLES SPANNING FIVE CENTURIES AS WELL AS OVER 1 MILLION ARCHIVAL ITEMS INCLUDING MANUSCRIPTS, CORRESPONDENCE, FIELD NOTEBOOKS, FILMS, JOURNALS, PHOTOGRAPHS, AND WORKS OF ART. THE LIBRARY AND ARCHIVES PROVIDES SERVICES TO BOTH A WIDE RANGE OF SCHOLARLY USERS AND THE PUBLIC. THE DEPARTMENT FREQUENTLY HOSTS RESEARCH APPOINTMENTS, CLASS VISITS, AND SPECIAL SESSIONS WITH THE DREXEL ACADEMIC COMMUNITY. ITS HOLDINGS AND SERVICES ARE REGULARLY USED BY ACADEMY SCIENTISTS AND COLLECTIONS EXPERTS, DREXEL FACULTY AND STUDENTS, AND EXTERNAL RESEARCHERS. IT ALSO PLAYS A KEY ROLE IN THE ACADEMY'S EFFORTS TO MAKE ITS COLLECTIONS AND ASSOCIATED DATA MORE WIDELY ACCESSIBLE. ITS STAFF ACTIVELY CONTRIBUTE TO THE CONCEPTION AND IMPLEMENTATION OF ACADEMY EXHIBITIONS AND PROGRAMS, AND ITS MATERIALS CONTINUE TO BE POPULARLY FEATURED IN THE MUSEUM'S OFFERINGS AND DIGITAL OUTREACH. LIBRARY & ARCHIVES IS A MEMBER OF THE CONSORTIUM FOR THE HISTORY OF SCIENCE, TECHNOLOGY, AND MEDICINE (TOGETHER WITH DREXEL UNIVERSITY LIBRARIES AND THE LEGACY CENTER); A PARTICIPATING CONTRIBUTOR OF THE BIODIVERSITY HERITAGE LIBRARY; AND AN ACTIVE PARTNER IN PACSCL - THE PHILADELPHIA AREA CONSORTIUM OF SPECIAL COLLECTIONS LIBRARIES. IN 2025 LIBRARY & ARCHIVES JOINED PA PHOTOS AND DOCUMENTS, WHICH IS PART OF PENNSYLVANIA'S POWER LIBRARY. 16615978 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 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 1 0 0 0 1 X 25 0 1 237 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 26 23 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 AL AK AR CA CO CT DC FL GA HI IL KS KY ME MD MA MI MN MS NH NJ NM NY NC ND NV OH OK OR PA RI SC TN UT VA WA WV WI X X DREXEL UNIVERSITY COMPTROLLER'S OF 2158951442 3141 CHESTNUT STREET STE 225 PHILADELPHIA PA 19104 JOHN A FRY BOARD TRUSTEE (TO 9/24) 2.00 45.00 X 0 1829538 51341 SCOTT COOPER PHD PRESIDENT AND CEO 40.00 0.00 X X 592157 0 132698 DAVID E GRIFFITH CHAIR (TO 3/25) 2.00 2.00 X X 0 0 0 SUZANNE BIEMILLER CHAIR (AS OF 3/25) 2.00 2.00 X X 0 0 0 MAUREEN CRAIG VICE CHAIR 2.00 0.00 X X 0 0 0 ABBIE DEAN VICE CHAIR 2.00 2.00 X X 0 0 0 ALLEN J MODEL VICE CHAIR 2.00 0.00 X X 0 0 0 MICHAEL KAPLAN TREASURER (TO 2/25) 2.00 0.00 X X 0 0 0 GREGORY S RIGDON TREASURER (AS OF 2/25) 2.00 0.00 X X 0 0 0 AMY BRANCH SECRETARY 2.00 0.00 X X 0 0 0 TARA ACHARYA PHD MPH BOARD TRUSTEE 2.00 0.00 X 0 0 0 JOSHUA ANTHONY BOARD TRUSTEE 2.00 0.00 X 0 0 0 JEFFREY A BEACHELL BOARD TRUSTEE 2.00 2.00 X 0 0 0 HELEN BOWMAN BOARD TRUSTEE (AS OF 3/25) 2.00 45.00 X 0 731029 132698 ERICA CARPENTER PHD BOARD TRUSTEE 2.00 0.00 X 0 0 0 CHRISTOPHER CROCKETT BOARD TRUSTEE 2.00 0.00 X 0 0 0 SUZANNE EVELAND BOARD TRUSTEE 2.00 0.00 X 0 0 0 JASON FRIEDLAND BOARD TRUSTEE 2.00 0.00 X 0 0 0 MARC E GOLD BOARD TRUSTEE 2.00 0.00 X 0 0 0 JEAN M HACHERL BOARD TRUSTEE 2.00 0.00 X 0 0 0 LATASHA HARLING BOARD TRUSTEE 2.00 0.00 X 0 0 0 PAUL JENSEN PHD BOARD TRUSTEE (AS OF 1/25) 2.00 40.00 X 0 659811 57698 KEVIN KOWALICK BOARD TRUSTEE 2.00 0.00 X 0 0 0 SANDRA MCLEAN BOARD TRUSTEE 2.00 0.00 X 0 0 0 JEFFERY M NIELSEN BOARD TRUSTEE 2.00 0.00 X 0 0 0 DENIS O'BRIEN BOARD TRUSTEE (AS OF 10/24) 2.00 45.00 X 0 0 0 RON M PHILIP BOARD TRUSTEE (TO 9/24) 2.00 0.00 X 0 0 0 REBECCA RHYNHART BOARD TRUSTEE (TO 3/25) 2.00 40.00 X 0 379252 49635 GERALD B RORER BOARD TRUSTEE 2.00 0.00 X 0 0 0 JOHN F SMITH III BOARD TRUSTEE 2.00 0.00 X 0 0 0 MICHAEL K TUCKER BOARD TRUSTEE 2.00 0.00 X 0 0 0 SHARON L WALKER PHD F AEESP F BOARD TRUSTEE (TO 12/24) 2.00 40.00 X 0 488953 50798 LISA M MILLER VP, CFO/COO (TO 11/24) 40.00 0.00 X 304471 0 30673 MEGHAN BUCCI CFO (AS OF 2/25) 40.00 0.00 X 137388 0 19417 MARINA MCDOUGALL VP, EXPERIENCE & ENGAGEMENT 40.00 0.00 X 180187 0 20392 MAURICE BAYNARD VP, COMMUNITY LEARNING 40.00 0.00 X 170306 0 31826 KIMBERLY REYNOLDS VP, CHIEF ADVANCEMENT OFFICER 40.00 0.00 X 0 191612 17697 JACQUELINE GENOVESI EXEC DIR, CENTER FOR STEAM EQUITY 40.00 0.00 X 149881 0 16926 PEDRO RAPOSO EXEC DIR, LIBRARY & ARCHIVES 40.00 0.00 X 140022 0 22000 ROLAND WALL DIRECTOR, PATRICK CENTER 40.00 2.00 X 129669 0 29604 JOSEPH RESNICK SR DIR TECH/INFRASTRUCTURE 40.00 0.00 X 110086 0 30313 CAITLIN O'BRIEN EXEC DIR, DEVELOPMENT 40.00 0.00 X 105700 0 5329 DAVID VELINSKY FORMER KEY EMPLOYEE 0.00 40.00 X 0 177980 39687 2019867 4458175 738732 13 1 1 0 CLEAN TECH SERVICES INC 114 CHESTNUT ST PHILADELPHIA PA 19106 CLEANING SERVICES 498850 LIMBACH COMPANY LLC 175 TITUS AVE STE 100 WARRINGTON PA 18976 HVAC SERVICES 337204 CAPACITY INTERACTIVE CONSULTING LLC 82 NASSAU ST 60283 NEW YORK NY 10038 PROFESSIONAL SERVICES 292112 IMAGINE EXHIBITIONS INC 2870 PEACHTREE RD STE 418 ATLANTA GA 30305 EXHIBITION SERVICES 243750 ASSET PROTECTION INC 140 E RICHARDSON AVE LANGHORNE PA 19047 SECURITY SERVICES 200666 15 2623 316353 54596 8287601 2205 3583961 645777 12247339 ENVIRONMENTAL RESEARCH 541700 1849876 1849876 EDUCATION & MUSEUM PROGRAMS 611600 1788328 1788328 MUSEUM ADMISSIONS 712110 1259482 1259482 ALL OTHER PROGRAM SERVICES 712110 610162 610162 SYSTEMATIC BIOLOGY RESEARCH 541700 422402 422402 5930250 2489733 2489733 39117 39117 15537000 11382006 4154994 4154994 4154994 22586 54596 21897 689 689 INCOME (LOSS) FROM PARTNERSHIP IN 525990 745644 745644 FACILITY SALES 531120 166634 166634 912278 25774400 5930250 745644 6851167 539691 539691 4000 4000 1470966 383195 965228 122543 7794055 6427452 1062927 303676 461476 408501 35735 17240 1512119 1282605 176247 53267 686064 565770 93563 26731 107000 107000 206423 206423 1194882 777656 374476 42750 360100 360100 542842 480640 37941 24261 207766 181244 20591 5931 497 497 2298327 2186403 85926 25998 350950 317319 29689 3942 117564 96426 18770 2368 38336 38336 2621328 458848 1933204 229276 1271663 1209735 47543 14385 EXHIBITION EXPENSE 717783 717650 133 UBI TAXES 264987 264987 BAD DEBT EXPENSE 166968 166968 PARTICIPANT EXPENSE 85935 85935 758717 132311 620973 5433 23780439 16615978 6119692 1044769 4500 3300 208970 199635 2101479 1350976 1508372 1012930 402929 85583 32398322 17196541 16250319 15201781 35071018 36362650 50766939 54170194 769643 1824569 107084169 110211618 1154018 1044414 954543 676962 3508400 2411119 5616961 4132495 X 8585880 9826076 92881328 96253047 101467208 106079123 107084169 110211618 X 1993961 1911083 706871 X X 0 1 X 1 1 1 X 9754047 12298612 11477927 13264512 12247339 59042437 4486704 6039109 5888651 5943066 6096884 28454414 14240751 18337721 17366578 19207578 18344223 87496851 901541 2543765 1745356 1828145 733634 7752441 1510390 1889585 1724983 1224640 787665 7137263 2411931 4433350 3470339 3052785 1521299 14889704 72607147 1139461 1897368 1682060 1760828 2528850 9008567 16329 304080 500172 820581 1139461 1897368 1698389 2064908 3029022 9829148 2736265 1457404 22586 4216255 18116477 21692493 19064967 21272486 21395831 101542254 0.71500 0.70790 0.09680 0.08850 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: HEALTH INSURANCE ADJUSTMENT - 2021 AMOUNT: $ 391,556. FUNDRAISING EVENT REVENUE - 2024 AMOUNT: $ 22,586. PENSION ACTUARIAL ADJUSTMENT - 2020 AMOUNT: $ 2,736,265. 2021 AMOUNT: $ 1,065,848. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X 0 74095000 730000 7648000 4221000 78252000 70165000 1412000 6599000 4080000 74095000 69154000 236000 4621000 3846000 70165000 73266000 1020000 -1616000 3516000 69154000 58758000 171000 17979000 3642000 73266000 0.02150 0.89720 0.08130 0 1 1 25944587 11660620 14283967 6411388 5513858 897530 42347 22063 20284 15201781 INVESTMENT AT NAV (PRIVATE EQUITY, REAL ESTATE, HEDGE FUNDS AND OTHER) 42290000 F BENEFICIAL INTERESTS IN TRUSTS 11880194 F 54170194 OPERATING LEASE LIABILITY 3552 DUE TO DREXEL UNIVERSITY 2407567 2411119 X 27618974 1911083 728769 2639852 24979122 795278 795278 25774400 23007058 21897 21897 22985161 795278 795278 23780439 PART X, LINE 2: THE ACADEMY 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 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. THE STATUTE OF LIMITATIONS ON THE ACADEMY'S U.S. FEDERAL INFORMATIONAL RETURNS REMAINS OPEN FOR THREE YEARS FOLLOWING THE YEAR THEY ARE FILED. THE FINANCIAL ACCOUNTING STANDARDS BOARD ("FASB") ISSUED ACCOUNTING STANDARDS CODIFICATION ("ASC") 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 ACADEMY DOES NOT BELIEVE THERE ARE ANY UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE RECOGNITION IN THE FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: PENSION ACTUARIAL ADJUSTMENT 706,872. FUNDRAISING EVENT EXPENSES 21,897. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EVENT EXPENSES 21,897. PART III, LINE 1A: COLLECTIONS ACQUIRED THROUGH PURCHASES AND CONTRIBUTIONS ARE NOT RECOGNIZED AS ASSETS ON THE STATEMENT OF FINANCIAL POSITION. PURCHASES OF COLLECTION ITEMS ARE RECORDED AS DECREASES IN NET ASSETS WITHOUT DONOR RESTRICTIONS IN THE YEAR IN WHICH THE ITEMS ARE ACQUIRED OR NET ASSETS WITH DONOR RESTRICTIONS 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 THE ITEMS IS 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 19 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. EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 PROGRAM SERVICES TRAVEL/CONFERENCES 173410 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES TRAVEL/CONFERENCES 1154 SOUTH AMERICA 0 0 PROGRAM SERVICES TRAVEL/CONFERENCES 15944 NORTH AMERICA 0 0 PROGRAM SERVICES TRAVEL/CONFERENCES 2804 SUB-SAHARAN AFRICA 0 0 PROGRAM SERVICES TRAVEL/CONFERENCES 86568 MIDDLE EAST AND NORTH AFRICA 0 0 PROGRAM SERVICES TRAVEL/CONFERENCES 1413 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 PROGRAM SERVICES RESEARCH/COLLECTING 71854 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES RESEARCH/COLLECTING 575 SOUTH AMERICA 0 0 PROGRAM SERVICES RESEARCH/COLLECTING 8710 NORTH AMERICA 0 0 PROGRAM SERVICES RESEARCH/COLLECTING 26595 SUB-SAHARAN AFRICA 0 0 PROGRAM SERVICES RESEARCH/COLLECTING 3722 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 INVESTMENTS 146004 0 0 0 0 0 0 353722 185031 538753 0 0 1 0 1 0 1 0 PART I, LINE 3: THE ACCRUAL ACCOUNTING METHOD IS USED TO ACCOUNT FOR THE EXPENSES. PECK RETIREMENT CELEBRATION 77182 54596 22586 19636 2261 77182 54596 22586 19636 2261 21897 689 1 DELAWARE RIVER BASIN COMMISSION 25 COSEY ROAD PO BOX 7360 WEST TRENTON NJ 08628 231605892 115 20000 0 RESERACH ENVIROSCIENCE INC 1100 ATHENS AVE SUITE F RICHMOND VA 23227 341603505 FOR-PROFIT 69499 0 RESEARCH GROWING GREAT 2711 N SEPULVEDA BLVD MANHATTAN BEACH CA 90266 562565503 501(C)(3) 58320 0 RESEARCH IUP RESEARCH INSTITUTE 1179 GRANT ST STE 1 INDIANA PA 15701 571175778 501(C)(3) 127723 0 RESEARCH MANTUA CIVIC ASSOCIATION 609 N 33RD ST PHILADELPHIA PA 19104 461487152 501(C)(3) 60000 0 RESEARCH MAYO CLINIC 200 1ST ST SW ROCHESTOR MN 55905 466011702 501(C)(3) 23728 0 RESEARCH RESEARCH FOR ACTION 100 S BROAD STREET SUITE 700 PHILADELPHIA PA 19110 232710950 501(C)(3) 19323 0 RESEARCH RESEARCH FOUNDATION FOR THE STATE UNIVERSITY OF NEW YORK PO BOX 9 ALBANY NY 12201 141368361 501(C)(3) 39815 0 RESEARCH TEMPLE UNIVERSITY 1805 N BROAD ST WACHMAN HALL 1108 PHILADELPHIA PA 19122 231365971 501(C)(3) 111282 0 RESEARCH TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA 3900 WALNUT ST PHILADELPHIA PA 19104 231352685 501(C)(3) 10000 0 RESEARCH 9 1 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 0 1 0 0 0 0 0 0 0 JOHN A FRY BOARD TRUSTEE (TO 9/24) 0 934332 0 391755 0 503451 0 37950 0 13391 0 1880879 0 0 HELEN BOWMAN BOARD TRUSTEE (AS OF 3/25) 0 723722 0 7307 0 0 0 112950 0 19748 0 863727 0 0 SCOTT COOPER PHD PRESIDENT AND CEO 425389 0 4329 0 162439 0 112950 0 19748 0 724855 0 150000 0 PAUL JENSEN PHD BOARD TRUSTEE (AS OF 1/25) 0 653224 0 6587 0 0 0 37950 0 19748 0 717509 0 0 SHARON L WALKER PHD F AEESP F BOARD TRUSTEE (TO 12/24) 0 488953 0 0 0 0 0 31050 0 19748 0 539751 0 0 REBECCA RHYNHART BOARD TRUSTEE (TO 3/25) 0 379252 0 0 0 0 0 31333 0 18302 0 428887 0 0 LISA M MILLER VP, CFO/COO (TO 11/24) 210051 0 2273 0 92147 0 30019 0 654 0 335144 0 75000 0 DAVID VELINSKY FORMER KEY EMPLOYEE 0 176166 0 1814 0 0 0 20154 0 19533 0 217667 0 0 KIMBERLY REYNOLDS VP, CHIEF ADVANCEMENT OFFICER 0 191612 0 0 0 0 0 17100 0 597 0 209309 0 0 MAURICE BAYNARD VP, COMMUNITY LEARNING 168573 0 1733 0 0 0 12319 0 19507 0 202132 0 0 0 MARINA MCDOUGALL VP, EXPERIENCE & ENGAGEMENT 178402 0 1785 0 0 0 19831 0 561 0 200579 0 0 0 JACQUELINE GENOVESI EXEC DIR, CENTER FOR STEAM EQUITY 148399 0 1482 0 0 0 16459 0 467 0 166807 0 0 0 PEDRO RAPOSO EXEC DIR, LIBRARY & ARCHIVES 138709 0 1313 0 0 0 7238 0 14762 0 162022 0 0 0 ROLAND WALL DIRECTOR, PATRICK CENTER 128356 0 1313 0 0 0 14582 0 15022 0 159273 0 0 0 MEGHAN BUCCI CFO (AS OF 2/25) 136069 0 1319 0 0 0 11987 0 7430 0 156805 0 0 0 PART I, LINE 4B THE FOLLOWING INDIVIDUALS WERE PAID DEFERRED COMPENSATION DURING CALENDAR YEAR 2024. SCOTT COOPER $162,439 LISA MILLER $81,219 SCHEDULE J, PART II THE ACADEMY PROVIDED SCOTT COOPER WITH A DEFERRED COMPENSATION ARRANGEMENT. DREXEL UNIVERSITY, A RELATED ORGANIZATION, PROVIDES HELEN BOWMAN WITH A DEFERRED COMPENSATION ARRANGEMENT. THE ACADEMY WILL CREDIT MR. COOPER WITH $75,000 EACH JULY 1, BEGINNING WITH JULY 1, 2024, AND ENDING JULY 1, 2026, IF HE REMAINS EMPLOYED WITH THE ACADEMY. THE ACCOUNT WILL BE CREDITED ANNUALLY WITH INTEREST. MR. COOPER 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 ACADEMY FOR ANY REASON OTHER THAN CAUSE, (III) DEATH, OR (IV) TERMINATION DUE TO TOTAL AND PERMANENT DISABILITY. IF MR. COOPER RESIGNS OR IS TERMINATED BY THE ACADEMY FOR CAUSE BEFORE THE ACCOUNT IS VESTED, THE ENTIRE ACCOUNT WILL BE FORFEITED. 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. 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. X 5 0 PART II EXPLANATION X 11 46105 SELLING PRICE X 2 599672 PART II EXPLANATION 1 0 1 0 PART I, COLUMN (B): THE ORGANIZATION IS REPORTING THE NUMBER OF CONTRIBUTIONS IN COLUMN (B). PART I, LINE 33: THE ORGANIZATION DOES NOT RECOGNIZE REVENUE FOR CONTRIBUTIONS OR DONATIONS TO THE COLLECTIONS PURSUANT TO ASC 958-605-25-19. THE ORGANIZATION ALSO DOES NOT RECOGNIZE REVENUE FOR NONCASH CONTRIBUTIONS OR ASSETS WITH UNCERTAIN OR NO VALUE. FORM 990, PART V, LINE 7G & 7H: NOT APPLICABLE. FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE SHALL CONSIST OF BETWEEN 5 AND 15 TRUSTEES INCLUDING THE CHAIR, PRESIDENT, AND OTHER TRUSTEES NOMINATED BY THE CHAIR AND APPROVED BY THE BOARD. THE PRESIDENT OF DREXEL IS ALSO PART OF THE EXECUTIVE COMMITTEE. A QUORUM SHALL BE HALF OR MORE OF ITS MEMBERS. THE EXECUTIVE COMMITTEE HAS ALL POWERS TO ACT ON BEHALF OF THE BOARD BETWEEN BOARD MEETINGS ON MATTERS AUTHORIZED BY THE BOARD. 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 EACH OF THE ACTIONS BELOW MUST BE APPROVED BY DREXEL UNIVERSITY'S BOARD OF TRUSTEES: A. AMENDMENTS OR REPEAL OF ACADEMY GOVERNING DOCUMENTS. B. COMPENSATION OF ACADEMY SENIOR MANAGEMENT. C. MERGER OR ACQUISITION; SALE OR DISPOSITION OF ASSETS. E. CREATION OR ACQUISITION OF ANY SUBSIDIARY. F. DISSOLUTION OR LIQUIDATION OF THE ACADEMY. FORM 990, PART VI, SECTION B, LINE 11B THE DRAFT 990 IS PREPARED INTERNALLY AND REVIEWED BY THE ACADEMY'S FINANCE COMMITTEE. ACTING ON BEHALF OF THE BOARD, THE FINANCE 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 THE ACADEMY OF NATURAL SCIENCES OF PHILADELPHIA ("ACADEMY") IMPLEMENTS THE CONFLICT OF INTEREST AND COMMITMENT PROTOCOLS POLICY OF ITS PARENT, DREXEL UNIVERSITY. THE POLICY APPLIES TO ALL EMPLOYEES, OFFICERS, AND TRUSTEES OF THE ACADEMY/UNIVERSITY. THE POLICY IS INTENDED TO SATISFY COMPLIANCE REQUIREMENTS AND GUIDE ACADEMY/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 A 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 ACADEMY CEO COMPENSATION IS DETERMINED BY THE ACADEMY BOARD CHAIR AND DREXEL UNIVERSITY PRESIDENT, IN CONSULTATION WITH THE UNIVERSITY'S HUMAN RESOURCES DEPARTMENT, USING DATA ON THE COMPENSATION OF OTHER NON-PROFIT CEOS IN THE REGION TO RECOMMEND AN APPROPRIATE SALARY RANGE. USING THE EXECUTIVE COMPENSATION ANALYSIS, A THIRD-PARTY ADVISOR PREPARED A REPORT AND SUBMITTED THE REPORT TO THE UNIVERSITY'S EXECUTIVE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES (THE "COMMITTEE") ALONG WITH CERTAIN PERFORMANCE CRITERIA. 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 EXECUTIVE COMPENSATION IS REVIEWED AND APPROVED ANNUALLY BY THE ACADEMY'S AND THE UNIVERSITY'S EXECUTIVE COMPENSATION COMMITTEE PRIOR TO BECOMING EFFECTIVE. COMPENSATION SPECIALIST(S) REVIEWED ALL POSITIONS AT THE ACADEMY AND RECOMMENDED A COMPENSATION STRUCTURE BASED ON JOB CLASS, INDUSTRY SECTOR, AND GEOGRAPHIC REGION. INDIVIDUAL COMPENSATION LEVELS ARE ESTABLISHED WITHIN THE RANGE FOR THE GIVEN POSITION BASED ON THE EXPERIENCE AND YEARS OF SERVICE. 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 XI, LINE 9: PENSION ACTUARIAL ADJUSTMENT 706,871. FORM 990, PART XII, LINE 2C: THE ACADEMY'S FINANCE COMMITTEE REVIEWS THE AUDITED FINANCIAL STATEMENTS FOR THE ACADEMY OF NATURAL SCIENCES. THE TASK OF SELECTING THE INDEPENDENT AUDITOR AND APPROVING THE AUDIT PLAN, FOR THE UNIVERSITY AND ITS SUBSIDIARIES, IS THE RESPONSIBILITY OF DREXEL UNIVERSITY'S AUDIT COMMITTEE. DREXEL UNIVERSITY 3201 ARCH STREET SUITE 400 PHILADELPHIA PA 19104 231352630 EDUCATIONAL INSTITUTION PA 501(C)3 2 N/A 0 0 0 1 1 0 0 0 0 0 0 0 1 1 0 1 1 0 0 0