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ObjectId: 202231369349317723 - Submission: 2022-05-16
TIN: 23-1352630
Schedule J
(Form 990)
Department of the Treasury
Internal Revenue Service
Compensation Information
For certain Officers, Directors, Trustees, Key Employees, and Highest
Compensated Employees
Complete if the organization answered "Yes" on Form 990, Part IV, line 23.
Attach to Form 990.
Go to
www.irs.gov/Form990
for instructions and the latest information.
OMB No. 1545-0047
20
20
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.
First-class or charter travel
Housing allowance or residence for personal use
Travel for companions
Payments for business use of personal residence
Tax idemnification and gross-up payments
Health or social club dues or initiation fees
Discretionary spending account
Personal services (e.g., maid, chauffeur, chef)
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.
Compensation committee
Written employment contract
Independent compensation consultant
Compensation survey or study
Form 990 of other organizations
Approval by the board or compensation committee
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
No
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) 2020
Page 2
Schedule J (Form 990) 2020
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 and/or 1099-MISC compensation
(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
1
JOHN A FRY
PRESIDENT
(i)
(ii)
762,051
-------------
0
0
-------------
0
1,275,244
-------------
0
331,350
-------------
0
15,626
-------------
0
2,384,271
-------------
0
574,959
-------------
0
2
HELEN Y BOWMAN
EXECUTIVE VP/TREASURER/COO
(i)
(ii)
624,618
-------------
0
0
-------------
0
256,283
-------------
0
25,650
-------------
0
18,342
-------------
0
924,893
-------------
0
200,000
-------------
0
3
CHARLES CAIRNS
DEAN & SVP, MED AFFAIRS COM
(i)
(ii)
684,891
-------------
0
0
-------------
0
30,000
-------------
0
31,350
-------------
0
17,472
-------------
0
763,713
-------------
0
0
-------------
0
4
DANIEL V SCHIDLOW
FORMER DEAN EMERITUS, COLLEGE OF MED
(i)
(ii)
625,635
-------------
0
0
-------------
0
0
-------------
0
31,350
-------------
0
7,798
-------------
0
664,783
-------------
0
0
-------------
0
5
PAUL JENSEN
SVP & NINA HENDERSON PROVOST
(i)
(ii)
545,872
-------------
0
50,000
-------------
0
0
-------------
0
30,250
-------------
0
18,342
-------------
0
644,464
-------------
0
0
-------------
0
6
DAVID L UNRUH
SVP INST ADVANCEMENT
(i)
(ii)
466,876
-------------
0
0
-------------
0
0
-------------
0
102,307
-------------
0
18,342
-------------
0
587,525
-------------
0
0
-------------
0
7
MICHAEL J EXLER ESQ
SVP AND GENERAL COUNSEL
(i)
(ii)
456,658
-------------
0
0
-------------
0
0
-------------
0
26,876
-------------
0
18,342
-------------
0
501,876
-------------
0
0
-------------
0
8
ZACHARY SPIKER
HEAD COACH, BASKETBALL
(i)
(ii)
456,458
-------------
0
0
-------------
0
1,399
-------------
0
20,857
-------------
0
17,602
-------------
0
496,316
-------------
0
0
-------------
0
9
DENNIS NOVACK
ASSOCIATE DEAN, CLINICAL ACCESS & AS
(i)
(ii)
206,484
-------------
0
0
-------------
0
240,000
-------------
0
13,200
-------------
0
13,149
-------------
0
472,833
-------------
0
0
-------------
0
10
DANIEL VAN KNIPPENBERG
PROF, MANAGEMENT
(i)
(ii)
440,025
-------------
0
0
-------------
0
0
-------------
0
14,042
-------------
0
18,342
-------------
0
472,409
-------------
0
0
-------------
0
11
YURY GOGOTSI
PROF, MATERIALS ENGINEERING
(i)
(ii)
438,056
-------------
0
0
-------------
0
0
-------------
0
18,920
-------------
0
14,302
-------------
0
471,278
-------------
0
0
-------------
0
12
PAUL BRANDT-RAUF
DEAN, SCHOOL OF BIOMEDICAL ENGINEERI
(i)
(ii)
431,635
-------------
0
0
-------------
0
0
-------------
0
25,012
-------------
0
8,770
-------------
0
465,417
-------------
0
0
-------------
0
13
ELISABETH VAN BOCKSTAELE
SVP GRAD. AND ONLINE ED.
(i)
(ii)
400,611
-------------
0
0
-------------
0
0
-------------
0
23,375
-------------
0
18,342
-------------
0
442,328
-------------
0
0
-------------
0
14
MEGAN WEYLER
SVP AND CHRO
(i)
(ii)
400,740
-------------
0
0
-------------
0
0
-------------
0
18,990
-------------
0
7,367
-------------
0
427,097
-------------
0
0
-------------
0
15
LORI N DOYLE
SVP UNIV COMMUNICATIONS
(i)
(ii)
338,734
-------------
0
0
-------------
0
0
-------------
0
19,700
-------------
0
15,624
-------------
0
374,058
-------------
0
0
-------------
0
16
SUBIR SAHU
SVP STUDENT SUCCESS
(i)
(ii)
317,276
-------------
0
0
-------------
0
0
-------------
0
15,201
-------------
0
15,416
-------------
0
347,893
-------------
0
0
-------------
0
17
EVELYN THIMBA
SVP ENROLLMENT MANAGEMENT
(i)
(ii)
308,734
-------------
0
0
-------------
0
0
-------------
0
14,850
-------------
0
17,472
-------------
0
341,056
-------------
0
0
-------------
0
18
ALEISTER SAUNDERS
EXEC VICE PROV, RES & INNO
(i)
(ii)
305,118
-------------
0
0
-------------
0
0
-------------
0
12,880
-------------
0
18,342
-------------
0
336,340
-------------
0
0
-------------
0
19
JOSEPH B HUGHES
FORMER DEAN, COLLEGE OF EN
(i)
(ii)
283,615
-------------
0
0
-------------
0
0
-------------
0
13,769
-------------
0
14,881
-------------
0
312,265
-------------
0
0
-------------
0
20
BRIAN T KEECH
SVP GOV & COMMUNITY RELATI
(i)
(ii)
276,997
-------------
0
0
-------------
0
0
-------------
0
15,852
-------------
0
18,342
-------------
0
311,191
-------------
0
0
-------------
0
21
DAVID RUSENKO
CFO & ASSOCIATE TREASURER; VP FINANC
(i)
(ii)
277,216
-------------
0
0
-------------
0
0
-------------
0
15,372
-------------
0
14,011
-------------
0
306,599
-------------
0
0
-------------
0
22
DONNA MURASKO PHD
FORMER DEAN, COLLEGE OF AR
(i)
(ii)
253,279
-------------
0
0
-------------
0
0
-------------
0
13,644
-------------
0
14,295
-------------
0
281,218
-------------
0
0
-------------
0
23
CATHERINE ULOZAS
CHIEF INVESTMENT OFFICER & VP
(i)
(ii)
247,105
-------------
0
0
-------------
0
0
-------------
0
14,126
-------------
0
8,869
-------------
0
270,100
-------------
0
0
-------------
0
24
JANICE K MARINI
FORMER SECRETARY
(i)
(ii)
195,769
-------------
0
0
-------------
0
0
-------------
0
11,220
-------------
0
13,664
-------------
0
220,653
-------------
0
0
-------------
0
25
DARIN PFEIFER
SECRETARY
(i)
(ii)
174,372
-------------
0
0
-------------
0
0
-------------
0
8,226
-------------
0
14,070
-------------
0
196,668
-------------
0
0
-------------
0
Schedule J (Form 990) 2020
Page 3
Schedule J (Form 990) 2020
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 POLICY AUTHORIZES BUSINESS OR FIRST-CLASS TRAVEL FOR ALL EMPLOYEES WHEN FLIGHTS EXCEED FIVE HOURS IN DURATION WITH THE APPROPRIATE APPROVAL 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 ALLOWANCES AND SOCIAL CLUB MEMBERSHIPS WERE APPROVED BY THE PRESIDENT OR PROVOST.
PART I, LINES 4A-B
DENNIS NOVACK RECEIVED $240,000 IN A LUMP SUM SEVERANCE PAYMENT CONTINGENT ON SEPARATION FROM THE ORGANIZATION. THE UNIVERSITY PAID MR. FRY'S SUPPLEMENTAL RETIREMENT PLAN OF $887,307 IN DECEMBER 2020, WHICH BEGAN EFFECTIVE JULY 1, 2012. MR. FRY HAD BEEN CREDITED AN AMOUNT EQUAL TO 11% OF THE PREVIOUS FISCAL YEAR'S TOTAL BASE AND BONUS COMPENSATION THAT EXCEEDS THE COMPENSATION LIMIT UNDER THE IRC SECTION 401(A)(17) ON JUNE 30, 2013, AND ON EACH FOLLOWING JUNE 30 THROUGH 2020. IN ADDITION, THE SUPPLEMENTAL RETIREMENT PLAN EARNED EARNINGS BASED ON INVESTMENT OPTIONS SELECTED BY MR. FRY. ON JUNE 30, 2020, MR. FRY BECAME FULLY VESTED IN THE SUPPLEMENTAL RETIREMENT PLAN.
PART II:
THE UNIVERSITY PROVIDES JOHN FRY, HELEN BOWMAN, AND DAVID UNRUH WITH DEFERRED COMPENSATION ARRANGEMENTS. THE UNIVERSITY WILL CREDIT MR. FRY WITH $300,000 ON JUNE 30, 2019, AND ON EACH FOLLOWING JUNE 30 THROUGH 2021 WHILE HE REMAINS EMPLOYED BY THE UNIVERSITY AS PRESIDENT AND CHIEF EXECUTIVE OFFICER. THE AMOUNT CREDITED ON JUNE 30, 2021 WILL ALSO INCLUDE INVESTMENT EARNINGS, GAINS, AND LOSSES, PROVIDED MR. FRY IS EMPLOYED BY THE UNIVERSITY ON THAT DATE. IN THE EVENT MR. FRY VOLUNTARILY TERMINATES HIS EMPLOYMENT WITHOUT GOOD REASON WITH THE UNIVERSITY PRIOR TO JUNE 30, 2021, OR THE UNIVERSITY TERMINATES MR. FRY'S EMPLOYMENT FOR CAUSE, THE DEFERRED COMPENSATION SHALL BE FORFEITED. THE UNIVERSITY PAID HELEN BOWMAN'S DEFERRED COMPENSATION OF $256,283 IN SEPTEMBER 2020, WHICH BEGAN EFFECTIVE SEPTEMBER 1, 2016. MS. BOWMAN HAD BEEN CREDITED $50,000 ON EACH SEPTEMBER 1, BEGINNING ON SEPTEMBER 1, 2016, AND ENDING ON SEPTEMBER 1, 2020. IN ADDITION, THE DEFERRED COMPENSATION WAS CREDITED WITH INTEREST EARNED ANNUALLY. ON SEPTEMBER 1, 2020, MS. BOWMAN BECAME FULLY VESTED IN THE DEFERRED COMPENSATION ARRANGEMENT. THE UNIVERSITY WILL CREDIT MR. UNRUH WITH $75,000 ON EACH JULY 1, BEGINNING WITH JULY 1, 2020 AND ENDING JULY 1, 2021. INTEREST ACCRUED WILL ALSO BE PAID IF HE REMAINS EMPLOYED WITH THE UNIVERSITY. MR. UNRUH WILL BECOME FULLY VESTED IN THE BALANCE OF HIS ACCOUNT UPON THE EARLIEST OF THE FOLLOWING: (I) JULY 1, 2021, (II) HIS 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.
Schedule J (Form 990) 2020
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