efile Public Visual Render
ObjectId: 202231369349317723 - Submission: 2022-05-16
TIN: 23-1352630
SCHEDULE R
(Form 990)
Department of the Treasury
Internal Revenue Service
Related Organizations and Unrelated Partnerships
Complete if the organization answered "Yes" on Form 990, Part IV, line 33, 34, 35b, 36, or 37.
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
Identification of Disregarded Entities.
Complete if the organization answered "Yes" on Form 990, Part IV, line 33.
(a)
Name, address, and EIN (if applicable) of disregarded entity
(b)
Primary activity
(c)
Legal domicile (state
or foreign country)
(d)
Total income
(e)
End-of-year assets
(f)
Direct controlling
entity
(1)
DRAGON RISK LIMITED CO
3201 ARCH STREET STE 420
PHILADELPHIA
,
PA
19104
47-1086093
LIABILITY INSURANCE
VT
381,623
14,522,804
DREXEL UNIVERSITY
(2)
DREXEL GLOBAL INITIATIVES LLC
3201 ARCH STREET STE 420
PHILADELPHIA
,
PA
19104
47-1829445
EDUCATIONAL
PA
0
0
DREXEL UNIVERSITY
(3)
DREXEL UNIVERSITY ONLINE LLC
3201 ARCH STREET STE 420
PHILADELPHIA
,
PA
19104
47-3606161
EDUCATIONAL
DE
19,240,018
16,536,812
DREXEL UNIVERSITY
Part II
Identification of Related Tax-Exempt Organizations.
Complete if the organization answered "Yes" on Form 990, Part IV, line 34 because it had one or more related tax-exempt organizations during the tax year.
(a)
Name, address, and EIN of related organization
(b)
Primary activity
(c)
Legal domicile (state
or foreign country)
(d)
Exempt Code section
(e)
Public charity status
(if section 501(c)(3))
(f)
Direct controlling
entity
(g)
Section 512(b)(13) controlled entity?
Yes
No
(1)
ACADEMIC ASSETS INC
3201 ARCH STREET SUITE 420
PHILADELPHIA
,
PA
19104
23-2455915
HOLDING COMPANY
PA
501(C)(3)
12C, III-FI
DREXEL UNIVERSITY
Yes
(2)
ACADEMIC PROPERTIES INC
3201 ARCH STREET SUITE 420
PHILADELPHIA
,
PA
19104
23-2411680
STUDENT HOUSING
PA
501(C)(3)
12C, III-FI
ACADEMIC ASSETS INC
No
(3)
THE ACADEMY OF NATURAL SCIENCES OF PHILADELPHIA
1900 BENJAMIN FRANKLIN PARKWAY
PHILADELPHIA
,
PA
19103
23-1352000
MUSEUM
PA
501(C)(3)
11
DREXEL UNIVERSITY
Yes
(4)
11TH STREET FAMILY HEALTH SERVICES INC
3201 ARCH STREET SUITE 420
PHILADELPHIA
,
PA
19104
46-4233500
PROVIDES FACILITIES USE FOR DREXEL UNIVERSITY
PA
501(C)(3)
12C, III-FI
DREXEL UNIVERSITY
Yes
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50135Y
Schedule R (Form 990) 2020
Page 2
Schedule R (Form 990) 2020
Page
2
Part III
Identification of Related Organizations Taxable as a Partnership.
Complete if the organization answered "Yes" on Form 990, Part IV, line 34, because it had one or more related organizations treated as a partnership during the tax year.
(a)
Name, address, and EIN of
related organization
(b)
Primary activity
(c)
Legal
domicile
(state or foreign
country)
(d)
Direct controlling
entity
(e)
Predominant income(related, unrelated, excluded from tax under sections 512-514)
(f)
Share of total income
(g)
Share of end-of-year
assets
(h)
Disproprtionate allocations?
(i)
Code V-UBI
amount in box 20 of
Schedule K-1
(Form 1065)
(j)
General or
managing
partner?
(k)
Percentage
ownership
Yes
No
Yes
No
(1)
3509 SPRING GARDEN LP
3201 ARCH ST STE 420
PHILADELPHIA
,
PA
19104
46-2116704
REAL ESTATE
PA
No
No
(2)
3509 SPRING GARDEN MT LP
3201 ARCH ST STE 420
PHILADELPHIA
,
PA
19104
46-3273473
REAL ESTATE
PA
No
No
(3)
DREXEL UNIVERSITY CITY DEVELOPMENT LLC
3201 ARCH ST STE 420
PHILADELPHIA
,
PA
19104
46-4883724
REAL ESTATE INVESTMENT
PA
No
No
(4)
1200 CHESTNUT STREET I LP
3201 ARCH ST STE 420
PHILADELPHIA
,
PA
19104
81-4692503
REAL ESTATE
PA
No
No
(5)
DUC LLC
3201 ARCH STREET STE 420
PHILADELPHIA
,
PA
19104
46-4944473
DEVELOPMENT AND INVESTMENT
PA
DREXEL UNIVERSITY
RELATED
19,656,782
No
No
95.000 %
Part IV
Identification of Related Organizations Taxable as a Corporation or Trust.
Complete if the organization answered "Yes" on Form 990, Part IV, line 34 because it had one or more related organizations treated as a corporation or trust during the tax year.
(a)
Name, address, and EIN of
related organization
(b)
Primary activity
(c)
Legal
domicile
(state or foreign
country)
(d)
Direct controlling
entity
(e)
Type of entity
(C corp, S corp,
or trust)
(f)
Share of total income
(g)
Share of end-of-year
assets
(h)
Percentage
ownership
(i)
Section 512(b)(13) controlled entity?
Yes
No
(1)
3509 SPRING GARDEN GP INC
3201 ARCH STREET STE 420
PHILADELPHIA
,
PA
19104
46-2117383
REAL ESTATE
PA
DREXEL UNIVERSITY
C
100.000 %
Yes
(2)
3509 SPRING GARDEN MT MANAGER INC
3201 ARCH STREET STE 420
PHILADELPHIA
,
PA
19104
46-2121349
REAL ESTATE
PA
DREXEL UNIVERSITY
C
100.000 %
Yes
(3)
1200 CHESTNUT STREET GP INC
3201 ARCH STREET STE 420
PHILADELPHIA
,
PA
19104
81-4705625
REAL ESTATE
PA
DREXEL UNIVERSITY
C
100.000 %
Yes
(4)
3205 LANCASTER AVE INC
3201 ARCH STREET STE 420
PHILADELPHIA
,
PA
19104
82-4364098
REAL ESTATE
PA
DREXEL UNIVERSITY
C
100.000 %
Yes
Schedule R (Form 990) 2020
Page 3
Schedule R (Form 990) 2020
Page
3
Part V
Transactions With Related Organizations.
Complete if the organization answered "Yes" on Form 990, Part IV, line 34, 35b, or 36.
Note.
Complete line 1 if any entity is listed in Parts II, III, or IV of this schedule.
Yes
No
1
During the tax year, did the orgranization engage in any of the following transactions with one or more related organizations listed in Parts II-IV?
a
Receipt of
(i)
interest,
(ii)
annuities,
(iii)
royalties, or
(iv)
rent from a controlled entity
.....................
1a
Yes
b
Gift, grant, or capital contribution to related organization(s)
............................
1b
Yes
c
Gift, grant, or capital contribution from related organization(s)
............................
1c
No
d
Loans or loan guarantees to or for related organization(s)
............................
1d
No
e
Loans or loan guarantees by related organization(s)
............................
1e
Yes
f
Dividends from related organization(s)
............................
1f
No
g
Sale of assets to related organization(s)
............................
1g
No
h
Purchase of assets from related organization(s)
............................
1h
No
i
Exchange of assets with related organization(s)
............................
1i
No
j
Lease of facilities, equipment, or other assets to related organization(s)
.......................
1j
No
k
Lease of facilities, equipment, or other assets from related organization(s)
......................
1k
Yes
l
Performance of services or membership or fundraising solicitations for related organization(s)
.....................
1l
Yes
m
Performance of services or membership or fundraising solicitations by related organization(s)
.................
1m
Yes
n
Sharing of facilities, equipment, mailing lists, or other assets with related organization(s)
...................
1n
No
o
Sharing of paid employees with related organization(s)
............................
1o
No
p
Reimbursement paid to related organization(s) for expenses
............................
1p
No
q
Reimbursement paid by related organization(s) for expenses
............................
1q
Yes
r
Other transfer of cash or property to related organization(s)
............................
1r
Yes
s
Other transfer of cash or property from related organization(s)
............................
1s
No
2
If the answer to any of the above is "Yes," see the instructions for information on who must complete this line, including covered relationships and transaction thresholds.
(a)
Name of related organization
(b)
Transaction
type (a-s)
(c)
Amount involved
(d)
Method of determining amount involved
(1)
11TH STREET FAMILY SERVICES INC
K
93,000
BOOK AMOUNT
(2)
3509 SPRING GARDEN MT LP
K
13,000
BOOK AMOUNT
(3)
3509 SPRING GARDEN LP
K
44,000
BOOK AMOUNT
(4)
ACADEMIC PROPERTIES INC
K
4,718,000
BOOK AMOUNT
(5)
ACADEMIC PROPERTIES INC
M
121,000
BOOK AMOUNT
(6)
THE ACADEMY OF NATURAL SCIENCES OF PHILADELPHIA
Q
288,000
BOOK AMOUNT
(7)
THE ACADEMY OF NATURAL SCIENCES OF PHILADELPHIA
L
4,872,000
BOOK AMOUNT
Schedule R (Form 990) 2020
Page 4
Schedule R (Form 990) 2020
Page
4
Part VI
Unrelated Organizations Taxable as a Partnership.
Complete if the organization answered "Yes" on Form 990, Part IV, line 37.
Provide the following information for each entity taxed as a partnership through which the organization conducted more than five percent of its activities (measured by total assets or gross revenue) that was not a related organization. See instructions regarding exclusion for certain investment partnerships.
(a)
Name, address, and EIN of entity
(b)
Primary activity
(c)
Legal domicile
(state or foreign
country)
(d)
Predominant income (related, unrelated, excluded from tax under sections 512-514)
(e)
Are all partners
section
501(c)(3)
organizations?
(f)
Share of total income
(g)
Share of
end-of-year
assets
(h)
Disproprtionate allocations?
(i)
Code V-UBI
amount in box 20
of Schedule K-1
(Form 1065)
(j)
General or
managing
partner?
(k)
Percentage
ownership
Yes
No
Yes
No
Yes
No
Schedule R (Form 990) 2020
Page 5
Schedule R (Form 990) 2020
Page
5
Part VII
Supplemental Information
Provide additional information for responses to questions on Schedule R. See instructions.
Return Reference
Explanation
Schedule R (Form 990) 2020
Additional Data
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