Title: Federal Direct Loan Program (FDLP)
Accounting Policies: Expenditures reported in the Schedule are reported on the accrual basis of accounting. Expenditures include a portion of costs associated with general university activities which are allocated to awards under negotiated formulas commonly referred to as facilities and administrative cost rates.Expenditures for certain non-student financial aid awards include indirect costs. Thomas Jefferson university generally applies its predetermined approved facilities and administrative rate when charging indirect costs to federal awards rather than the 10% de minimis cost rate as described in Section 200.414 of the Uniform Guidance. Expenditures for federal student financial aid programs are recognized as incurred and include Federal Pell program grants to students, the federal share of students FSEOG program grants, Federal Work-Study program earnings, loans to students under federally guaranteed programs and certain other federal financial assistance grants for students and administrative cost allowances, where applicable. Expenditures for other federal awards of Thomas Jefferson University are determined using the cost accounting principles and procedures set forth in the Uniform Guidance. Under these cost principles, certain expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: Expenditures for certain non-student financial aid awards include indirect costs. Thomas Jefferson University generally applies its predetermined approved facilities and administrative rate when charging indirect costs to federal awards rather than the 10% de minimis cost rate as described in Section 200.414 of the Uniform Guidance.
During the fiscal year ended June 30, 2022 Thomas Jefferson University processed new loans to students under the Direct Student Loan Program ASSISTANCE LISTING # 84.268, which includes subsidized and unsubsidized Stafford Loans and Supplemental Loans for Students. Thomas Jefferson University is responsible only for the performance of certain administrative duties with respect to the FDLP and, accordingly, these loans are not included in Thomas Jefferson University's basic consolidated financial statements. Loans made during the year are included in the federal expenditures presented in the Schedule. It is not practical to determine the balance of loans outstanding under these programs at June 30, 2022
Title: Reporting Entity
Accounting Policies: Expenditures reported in the Schedule are reported on the accrual basis of accounting. Expenditures include a portion of costs associated with general university activities which are allocated to awards under negotiated formulas commonly referred to as facilities and administrative cost rates.Expenditures for certain non-student financial aid awards include indirect costs. Thomas Jefferson university generally applies its predetermined approved facilities and administrative rate when charging indirect costs to federal awards rather than the 10% de minimis cost rate as described in Section 200.414 of the Uniform Guidance. Expenditures for federal student financial aid programs are recognized as incurred and include Federal Pell program grants to students, the federal share of students FSEOG program grants, Federal Work-Study program earnings, loans to students under federally guaranteed programs and certain other federal financial assistance grants for students and administrative cost allowances, where applicable. Expenditures for other federal awards of Thomas Jefferson University are determined using the cost accounting principles and procedures set forth in the Uniform Guidance. Under these cost principles, certain expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: Expenditures for certain non-student financial aid awards include indirect costs. Thomas Jefferson University generally applies its predetermined approved facilities and administrative rate when charging indirect costs to federal awards rather than the 10% de minimis cost rate as described in Section 200.414 of the Uniform Guidance.
Thomas Jefferson University (Jefferson or the University) is an independent, non-profit corporation organized under the laws of the Commonwealth of Pennsylvania and recognized as a tax-exempt organization pursuant to Section 501(c)(3) of the Internal Revenue Code. The University has a tripartite mission of education, research, and patient care. The University conducts research and offers undergraduate and graduate instruction through the Sidney Kimmel Medical College, the Jefferson College of Nursing, the Jefferson College of Pharmacy, the Jefferson College of Health Professions, the Jefferson College of Population Health, the Jefferson College of Biomedical Sciences, and the Kanbar College of Design, Engineering and Commerce, the School of Continuing and Professional Studies, the College of Architecture and the Built Environment, and the College of Science, Health, and Liberal Arts. The combined institution has approximately 6,800 students and is located in Philadelphia, Pennsylvania, with additional campus locations in the Greater Philadelphia Region and Atlantic City, New Jersey. For the year ended June 30, 2022, the integrated healthcare organization included TJUH System (TJUHS), Abington Health (Abington), Jefferson Health Northeast System (JHNES), Kennedy Health System (Kennedy), Magee Rehabilitation Hospital (Magee), and Albert Einstein Health Network (AEHN). The integrated healthcare organization provides inpatient, outpatient, and emergency care services through acute care, ambulatory care, rehabilitation care, physician and other primary care services for residents of the Greater Philadelphia Region. Federal Identification Numbers for reporting entities included in this report are 23-1352651 for TJU, 23- 2829095 for Thomas Jefferson University Hospital, 23-1352152 for Abington Memorial Hospital, 23-0596940 for Aria Health System, 22-1773439 for Kennedy University Hospital, Inc., and 23-1396794 for Albert Einstein Medical Center.
Title: Basis of Presentation
Accounting Policies: Expenditures reported in the Schedule are reported on the accrual basis of accounting. Expenditures include a portion of costs associated with general university activities which are allocated to awards under negotiated formulas commonly referred to as facilities and administrative cost rates.Expenditures for certain non-student financial aid awards include indirect costs. Thomas Jefferson university generally applies its predetermined approved facilities and administrative rate when charging indirect costs to federal awards rather than the 10% de minimis cost rate as described in Section 200.414 of the Uniform Guidance. Expenditures for federal student financial aid programs are recognized as incurred and include Federal Pell program grants to students, the federal share of students FSEOG program grants, Federal Work-Study program earnings, loans to students under federally guaranteed programs and certain other federal financial assistance grants for students and administrative cost allowances, where applicable. Expenditures for other federal awards of Thomas Jefferson University are determined using the cost accounting principles and procedures set forth in the Uniform Guidance. Under these cost principles, certain expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: Expenditures for certain non-student financial aid awards include indirect costs. Thomas Jefferson University generally applies its predetermined approved facilities and administrative rate when charging indirect costs to federal awards rather than the 10% de minimis cost rate as described in Section 200.414 of the Uniform Guidance.
The accompanying Schedule of Expenditures of Federal Awards (the Schedule) presents a summary of certain activities of Thomas Jefferson University for the year ended June 30, 2022. Negative amounts represent current year adjustments of amounts reported in prior years. ASSISTANCE LISTING and pass-through entity numbers are included when available. The information in the schedule is presented in accordance with the Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (the Uniform Guidance). Therefore, some amounts presented in thea schedule may differ from amounts presented in, or used in the preparation of, the basic consolidated financial statements of Thomas Jefferson University. For purposes of the Schedule, federal awards include all grants, contracts, and similar agreements entered into directly by Thomas Jefferson University with agencies and departments of the federal government and all sub awards to Thomas Jefferson University by nonfederal organizations pursuant to federal grants, contracts, and similar agreements.
Title: Student Loan Programs
Accounting Policies: Expenditures reported in the Schedule are reported on the accrual basis of accounting. Expenditures include a portion of costs associated with general university activities which are allocated to awards under negotiated formulas commonly referred to as facilities and administrative cost rates.Expenditures for certain non-student financial aid awards include indirect costs. Thomas Jefferson university generally applies its predetermined approved facilities and administrative rate when charging indirect costs to federal awards rather than the 10% de minimis cost rate as described in Section 200.414 of the Uniform Guidance. Expenditures for federal student financial aid programs are recognized as incurred and include Federal Pell program grants to students, the federal share of students FSEOG program grants, Federal Work-Study program earnings, loans to students under federally guaranteed programs and certain other federal financial assistance grants for students and administrative cost allowances, where applicable. Expenditures for other federal awards of Thomas Jefferson University are determined using the cost accounting principles and procedures set forth in the Uniform Guidance. Under these cost principles, certain expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: Expenditures for certain non-student financial aid awards include indirect costs. Thomas Jefferson University generally applies its predetermined approved facilities and administrative rate when charging indirect costs to federal awards rather than the 10% de minimis cost rate as described in Section 200.414 of the Uniform Guidance.
The Federal student loan programs listed below are administered directly by the University and balances and transactions relating to these programs are included in the Universitys consolidated financial statements. Loans outstanding at the beginning of the year, the administrative cost allowance and loans made during the year are included in the federal expenditures presented in the Schedule. The balance of loans outstanding at June 30, 2022 consists of:Assistance Listing #Loan BalanceHealth Professions Student Loans, Including Primary Care Loans/Loans for Disadvantaged Students93.342$ 900,196Nursing Student Loans93.3642,622,049Perkins Loan Programs84.0382,303,152
Title: Department of Health and Human Service Provider Relief Funds
Accounting Policies: Expenditures reported in the Schedule are reported on the accrual basis of accounting. Expenditures include a portion of costs associated with general university activities which are allocated to awards under negotiated formulas commonly referred to as facilities and administrative cost rates.Expenditures for certain non-student financial aid awards include indirect costs. Thomas Jefferson university generally applies its predetermined approved facilities and administrative rate when charging indirect costs to federal awards rather than the 10% de minimis cost rate as described in Section 200.414 of the Uniform Guidance. Expenditures for federal student financial aid programs are recognized as incurred and include Federal Pell program grants to students, the federal share of students FSEOG program grants, Federal Work-Study program earnings, loans to students under federally guaranteed programs and certain other federal financial assistance grants for students and administrative cost allowances, where applicable. Expenditures for other federal awards of Thomas Jefferson University are determined using the cost accounting principles and procedures set forth in the Uniform Guidance. Under these cost principles, certain expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: Expenditures for certain non-student financial aid awards include indirect costs. Thomas Jefferson University generally applies its predetermined approved facilities and administrative rate when charging indirect costs to federal awards rather than the 10% de minimis cost rate as described in Section 200.414 of the Uniform Guidance.
The Schedule includes grant activity related to the Department of Health and Human Services ("HHS") Coronavirus Aid Relief and Economic Security (CARES) Act Assistance Listing Number 93.498. As required based on guidance in the 2022 OMB Compliance Supplement, the Schedule includes all Period 2 and 3 funds received between July 1, 2020 and June 30, 2021, and expended by June 30, 2022 as reported to HRSA via the PRF Reporting Portal. The Schedule thus includes $116.7M of direct expenditures and $164.7M in lost revenue.
Title: FEMA
Accounting Policies: Expenditures reported in the Schedule are reported on the accrual basis of accounting. Expenditures include a portion of costs associated with general university activities which are allocated to awards under negotiated formulas commonly referred to as facilities and administrative cost rates.Expenditures for certain non-student financial aid awards include indirect costs. Thomas Jefferson university generally applies its predetermined approved facilities and administrative rate when charging indirect costs to federal awards rather than the 10% de minimis cost rate as described in Section 200.414 of the Uniform Guidance. Expenditures for federal student financial aid programs are recognized as incurred and include Federal Pell program grants to students, the federal share of students FSEOG program grants, Federal Work-Study program earnings, loans to students under federally guaranteed programs and certain other federal financial assistance grants for students and administrative cost allowances, where applicable. Expenditures for other federal awards of Thomas Jefferson University are determined using the cost accounting principles and procedures set forth in the Uniform Guidance. Under these cost principles, certain expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: Expenditures for certain non-student financial aid awards include indirect costs. Thomas Jefferson University generally applies its predetermined approved facilities and administrative rate when charging indirect costs to federal awards rather than the 10% de minimis cost rate as described in Section 200.414 of the Uniform Guidance.
As of June 30, 2022, the University received approval for $16.5M of claims submitted to FEMA during fiscal year 2022 under Assistance Listing Number 97.036. The claims submitted represented incurred expenses attributed to the Universitys response to COVID-19. The fiscal year 2022 Schedule of Expenditures of Federal Awards includes expenses of $16.5M which were incurred in a prior year.