2024-04-12T17:11:30-05:00 2023-05-31 390859910 BAKER TILLY US LLP 1570 FRUITVILLE PIKE SUITE 400 LANCASTER PA 17601 990 2022-06-01 231352652 JUNIATA COLLEGE JUNI 8146413000 1700 MOORE STREET HUNTINGDON PA 16652 JEFF SCACCIA VP FINANCE & BUSINESS AFFAIRS 8146413000 2024-04-09 1 JEFF SCACCIA XXX-XX-XXXX 0 KERRI N BOGDA CPA P00760402 7177404863 2024-04-09 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z JAMES A TROHA 1700 MOORE STREET HUNTINGDON PA 16652 110838251 0 X WWW.JUNIATA.EDU X 1876 PA JUNIATA COLLEGE IS A PRIVATE LIBERAL ARTS COLLEGE IN HUNTINGDON, PA. 35 35 1124 866 -17347 0 11325508 14507644 76056669 76217872 12026130 2758537 623411 1203530 100031718 94687583 41554130 40997210 0 0 29353377 31086472 0 0 2486169 24974863 26318010 95882370 98401692 4149348 -3714109 246892473 244031920 86966810 89007687 159925663 155024233 X THE COLLEGE HAS A TRADITION OF MAINTAINING THE SENSE OF PEACE, SIMPLICITY, COMMUNITY, AND SERVICE SET FORTH BY ITS CHURCH OF THE BRETHREN FOUNDERS. CONTINUED ON SCHEDULE O.THROUGH ENCOURAGING PERSONAL, INTELLECTUAL, PHYSICAL, AND SOCIAL GROWTH IN EACH STUDENT AND MODELING VALUES OF MUTUAL RESPECT AND COOPERATION IN ITS CAMPUS COMMUNITY, THE COLLEGE SEEKS, THROUGH PROVIDING AN ENGAGING PERSONALIZED EDUCATIONAL EXPERIENCE, TO DEVELOP IN ITS STUDENTS THE SKILLS, KNOWLEDGE, AND VALUES THAT LEAD TO A FULFILLING LIFE OF SERVICE AND ETHICAL LEADERSHIP IN THE GLOBAL COMMUNITY. 0 0 81736799 40997210 76217872 JUNIATA COLLEGE IS A NONPROFIT EDUCATIONAL INSTITUTION ESTABLISHED IN 1876 TO PROVIDE HIGHER EDUCATION TO STUDENTS. THE COLLEGE AWARDS GRANTS-IN-AID AND SCHOLARSHIPS FROM ITS UNRESTRICTED AND RESTRICTED NET ASSETS TO INDIVIDUALS WHO MEET THE COLLEGE'S ACADEMIC STANDARDS. THE AMOUNTS OF SUCH AWARDS ARE DETERMINED PRIMARILY BASED UPON THE ACADEMIC PERFORMANCE OF EACH APPLICANT. ADDITIONAL FINANCIAL AID IS PROVIDED TO STUDENTS FROM FEDERAL AND STATE PROGRAMS IN WHICH THE COLLEGE PARTICIPATES AND FROM MONIES CONTRIBUTED TO THE COLLEGE BY ALUMNI AND FRIENDS. CONTINUED ON SCHEDULE O.DURING THE YEAR ENDED MAY 31, 2023, THE COLLEGE PROVIDED STUDENT FINANCIAL AID FROM INTERNAL RESOURCES OF APPROXIMATELY $35,268,000, WHICH REPRESENTED 56% OF GROSS TUITION AND FEE REVENUE. STUDENT FINANCIAL AID FROM MONIES CONTRIBUTED TO THE COLLEGE BY ALUMNI AND FRIENDS WAS APPROXIMATELY $5,725,000. 81736799 1 1 0 0 0 0 0 1 1 1 1 1 0 1 1 1 1 0 1 0 1 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 1 150 0 1124 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 35 35 1 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 PA X JEFF SCACCIA VP FINANCE & BUSINESS AFFAIRS 8146413307 1700 MOORE STREET HUNTINGDON PA 16652 MARY M WHITE BS MS CHAIR 1.00 0.00 X X 0 0 0 CARL D GLAESER BS VICE CHAIR 1.00 0.00 X X 0 0 0 GAIL M HABECKER BA BBA TREASURER 1.00 0.00 X X 0 0 0 BRUCE L MOYER BA JD SECRETARY 1.00 0.00 X X 0 0 0 CHRISTOPHER E BAIR BS MBA TRUSTEE 1.00 0.00 X 0 0 0 DAVID C BEACHLEY BS TRUSTEE 1.00 0.00 X 0 0 0 CYNTHIA G CLARKE BS TRUSTEE 1.00 0.00 X 0 0 0 NICOLE C CLOSE BS MS PHD TRUSTEE 1.00 0.00 X 0 0 0 RANDALL C DEIKE BS MS PHD TRUSTEE 1.00 0.00 X 0 0 0 JAYNE K DONAHUE BS TRUSTEE 1.00 0.00 X 0 0 0 RICHARD J ENDRES BS TRUSTEE 1.00 0.00 X 0 0 0 DAVID J FAHEY BS TRUSTEE 1.00 0.00 X 0 0 0 SARAH YOUNG FISHER BS MS TRUSTEE 1.00 0.00 X 0 0 0 JOY L HADLEY BS MPA TRUSTEE 1.00 0.00 X 0 0 0 WILLIAM P HAYES BA TRUSTEE 1.00 0.00 X 0 0 0 STEVEN J HOLSINGER BA JD TRUSTEE 1.00 0.00 X 0 0 0 ERIC C JENSEN BS PHD TRUSTEE 1.00 0.00 X 0 0 0 MICHAEL A L JOHNSON BS MD TRUSTEE 1.00 0.00 X 0 0 0 ELAINE V JONES BS PHD TRUSTEE 1.00 0.00 X 0 0 0 MICHAEL J KLAG BS MD MPH TRUSTEE 1.00 0.00 X 0 0 0 RANDY L KOCHEL BS MD TRUSTEE 1.00 0.00 X 0 0 0 FRED C MASON BS MBA TRUSTEE 1.00 0.00 X 0 0 0 ROBERT S MCMINN III BA JD TRUSTEE 1.00 0.00 X 0 0 0 HOWARD M NATHAN BS MPH TRUSTEE 1.00 0.00 X 0 0 0 COLLEEN E OSTROWSKI BS MBA TRUSTEE 1.00 0.00 X 0 0 0 RICHARD E PAULHAMUS BS MS TRUSTEE 1.00 0.00 X 0 0 0 CAROL A PLETCHER BS MS PHD TRUSTEE 1.00 0.00 X 0 0 0 WILLIAM A RYS BA JD TRUSTEE 1.00 0.00 X 0 0 0 PARISHA P SHAH BS PHD TRUSTEE 1.00 0.00 X 0 0 0 HENRY F SIEDZIKOWSKI BA JD TRUSTEE 1.00 0.00 X 0 0 0 DANIEL K SUNDERLAND BS TRUSTEE 1.00 0.00 X 0 0 0 CHRISTOPHER J THOMPSON BS TRUSTEE 1.00 0.00 X 0 0 0 GEORGE P VALKO BS MD TRUSTEE 1.00 0.00 X 0 0 0 CAROL L VAN HORN BS JD TRUSTEE 1.00 0.00 X 0 0 0 FRIEDHELM WULCZYN BS MS PHD TRUSTEE 1.00 0.00 X 0 0 0 JAMES A TROHA BA MA PHD PRESIDENT (NON-VOTING) 40.00 0.00 X X 436657 0 169928 LAUREN L BOWEN PHD PROVOST 40.00 0.00 X 193135 0 42636 MATTHEW DAMSCHRODER PHD VP STUDENT LIFE 40.00 0.00 X 136039 0 22852 TRACY L STOUGH GRAJEWSKI EXEC DIR/CHIEF HR OFFICER 40.00 0.00 X 125456 0 33919 JASON R MORAN MS VP ENROLLMENT 40.00 0.00 X 154022 0 39253 CRYSTAL SELLERS BATTLE DEAN EQUITY DIVERSITY & INCL. 40.00 0.00 X 51653 0 12823 JAMES R WATT MA VP ADVANCEMENT 40.00 0.00 X 171645 0 17239 KARLA D WISER BS CPA CONTROLLER 40.00 0.00 X 102955 0 85278 ANNE M WOOD ASST VP & CHIEF INFO OFFICER 40.00 0.00 X 109016 0 34486 BETHANY D SHEFFIELD BA ASST. SECRETARY 40.00 0.00 X 65746 0 25989 DAVID P ANDREWS ADMINISTRATOR 40.00 0.00 X 141460 0 21700 REGINA LAMENDELLA FACULTY 40.00 0.00 X 126550 0 32956 DOMINICK F PERUSO ADMINISTRATOR 40.00 0.00 X 125122 0 33940 JILL B KEENEY FACULTY 40.00 0.00 X 117873 0 30562 RYAN D MATHUR FACULTY 40.00 0.00 X 113175 0 31600 2170504 0 635161 30 0 1 0 EAT'N PARK HOSPITALITY GROUP INC 285 EAST WATERFRONT DRIVE HOMESTEAD PA 15120 FOOD SERVICE 5801477 AUTOMATED LOGIC CONTRACTING SERVICE 1011 ALCON STREET PITTSBURGH PA 15220 CONSTRUCTION SERVICES 652705 CAMPUS WORKS INC 1767 LAKEWOOD RANCH BLVD BRADENTON FL 34211 CONSULTING SERVICES 603216 POOLE ANDERSON CONSTRUCTION FAIRGROUNDS ROAD PO BOX 576 HUNTINGDON PA 16652 CONSTRUCTION SERVICES 468169 EAB GLOBAL INC PO BOX 603519 CHARLOTTE NC 28260 DATA ANALYTIC SERVICES 360571 23 42500 20015 3906754 10538375 105989 14507644 TUITION & FEES 611310 62705358 62705358 AUXILIARY ENTERPRISES 611310 13512514 13512514 76217872 2636132 -17347 2653479 599302 427473 171829 171829 171829 14675254 1140682 14878272 815259 -203018 325423 122405 122405 26800 20015 26533 267 267 8840 3131 5709 5709 CONFERENCES 900099 342331 342331 FACILITIES RENT - OTHE 900099 145458 145458 FINES, FEES, & FORFEIT 900099 91395 91395 446541 446541 1025725 94687583 76217872 -17347 3979414 5065 5065 40992145 40992145 1709066 346427 741412 621227 19908591 15439138 4249410 220043 1706491 1246107 393974 66410 6190884 4520684 1429276 240924 1571440 1147491 362795 61154 207869 207869 459182 459182 2811801 1981030 224168 606603 396561 351902 28119 16540 380347 283710 83547 13090 2134802 1199901 885408 49493 162346 162346 1282392 1147117 63126 72149 2225942 2225942 4130219 2377651 1609337 143231 1035502 1035502 FOOD SERVICES 5453825 3982472 1259113 212240 PROGRAMMING 1080007 1074069 5938 EQUIP MAINT & SUPPLIES 186325 175497 10828 ATHLETIC SUPPLIES 185790 185790 4185100 3054661 967374 163065 98401692 81736799 14178724 2486169 15190 16503 25317756 19796812 5568691 8260568 860260 1115503 532288 445588 359680 321065 4018231 3884850 168327603 86790399 76244943 81537204 103022359 95019163 17511856 19469308 434825 329700 13006394 13835656 246892473 244031920 4228982 7190612 1024458 1149617 69352697 69289926 4158981 4149887 1468779 1253971 6732913 5973674 86966810 89007687 X 39827798 37814290 120097865 117209943 159925663 155024233 246892473 244031920 X -3714109 -1279610 92289 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1656432 X X X 0 0 1 X 122825013 7681828 618225 2802369 4674072 459000 123189625 136576314 2108220 -3398624 4586456 7361332 513109 122825013 114658070 1707425 32679037 9170914 2787592 509712 136576314 117274164 1692165 4321881 1976281 6150970 502889 114658070 122539943 1732083 1369463 2513412 5299125 554788 117274164 0.29470 0.70170 0.00360 0 0 3008978 3008978 128310877 64407574 63903303 25587145 21011769 4575376 11420603 1371056 10049547 81537204 REAL ESTATE INVESTMENTS 3184196 F ALTERNATIVE INVESTMENTS 16285112 F 19469308 CASH SURRENDER VALUE OF LIFE INSURANCE 8042572 FUNDS HELD IN TRUSTS BY OTHERS 3554687 COLLECTIONS 1656432 RIGHT OF USE ASSETS 581965 13835656 FUNDS HELD IN CUSTODY FOR OTHERS 77483 STUDENT DEPOSITS & PREPAYMENTS 237812 POSTRETIREMENT BENEFITS 4854999 ADVANCE FROM FEDERAL GOVERNMENT 221415 OBLIGATION UNDER OPERATING LEASE 581965 5973674 X 51521191 -1279610 -41962342 -43241952 94763143 -75560 -75560 94687583 56422621 -527744 -527744 56950365 41451327 41451327 98401692 PART III, LINE 4: THE COLLEGE HAS MANY PAINTINGS, SCULPTURES, AND OTHER WORKS OF ART IN ITS COLLECTION. ARTWORK IS DISPLAYED THROUGHOUT THE CAMPUS, AS WELL AS IN THE COLLEGE'S ART MUSEUM. WORKS OF ART ARE STUDIED AND MAINTAINED BY STAFF AND STUDENTS. PART IV, LINE 2B: THE COLLEGE REPORTED ESCROW ACCOUNT LIABILITY ON THE BALANCE SHEET WHICH REPRESENTS THEIR PAYABLES FROM DEFERRED GIVING ACCOUNTS. PART V, LINE 4: INCOME FROM THE ENDOWMENT FUND IS USED FOR SCHOLARSHIPS AND TO SUPPORT OTHER INSTITUTIONAL FUNCTIONS. PART X, LINE 2: THE COLLEGE ACCOUNTS FOR UNCERTAINTY IN INCOME TAXES USING A RECOGNITION THRESHOLD OF MORE-LIKELY-THAN-NOT TO BE SUSTAINED UPON EXAMINATION BY THE APPROPRIATE TAXING AUTHORITY. MEASUREMENT OF THE TAX UNCERTAINTY OCCURS IF THE RECOGNITION THRESHOLD IS MET. MANAGEMENT DETERMINED THERE WERE NO TAX UNCERTAINTIES THAT MET THE RECOGNITION THRESHOLD AT MAY 31, 2023 AND 2022. PART XI, LINE 2D - OTHER ADJUSTMENTS: INDIVIDUAL SCHOLARSHIPS NETTED TO TUITION ON THE FINANCIAL STATEMENTS -40,992,145. INVESTMENT MANAGEMENT FEES NETTED TO REVENUES ON FINANCIAL STATEMENTS -459,182. CHANGE IN THE VALUATION OF SPLIT-INTEREST AGREEMENTS DUE TO OTHERS -378,665. CHANGE IN FMV OF FUNDS HELD IN TRUST BY OTHERS -132,350. PART XI, LINE 4B - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES -26,533. GAMING EXPENSES -3,131. RENTAL EXPENSES -45,896. PART XII, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN THE VALUATION OF CSV OF LIFE INSURANCE NETTED TO PREMIUMS ON FS -603,304. FUNDRAISING EXPENSES 26,533. GAMING EXPENSES 3,131. RENTAL EXPENSES 45,896. PART XII, LINE 4B - OTHER ADJUSTMENTS: INDIVIDUAL SCHOLARSHIPS NETTED TO TUITION ON THE FINANCIAL STATEMENTS 40,992,145. INVESTMENT MANAGEMENT FEES NETTED TO REVENUES ON FINANCIAL STATEMENTS 459,182. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 NOTICE OF NONDISCRIMINATORY POLICY AS TO STUDENTS WAS ADVERTISED IN "THE DAILY NEWS," A NEWSPAPER OF GENERAL CIRCULATION IN HUNTINGDON COUNTY. THE POLICY IS ALSO NOTED IN THE BYLAWS, CATALOGS, WEBSITE, HANDBOOKS, AND JOB ANNOUNCEMENTS. SCHEDULE E, PART I, LINE 6 THE COLLEGE RECEIVES VARIOUS GRANTS AND ASSISTANCE FROM FEDERAL AND STATE AGENCIES FOR THE FUTHERANCE OF ITS CHARITABLE PURPOSE. CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 PROGRAM SERVICES HIGHER EDUCATION - STUDY ABROAD PROGRAM 128500 EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 0 0 PROGRAM SERVICES HIGHER EDUCATION - STUDY ABROAD PROGRAM 43307 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 PROGRAM SERVICES HIGHER EDUCATION - STUDY ABROAD PROGRAM 275955 NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES 0 0 PROGRAM SERVICES HIGHER EDUCATION - STUDY ABROAD PROGRAM 30613 RUSSIA AND NEIGHBORING STATES - ARMENIA, AZERBIJAN, BELARUS, 0 0 PROGRAM SERVICES HIGHER EDUCATION - STUDY ABROAD PROGRAM 22683 SOUTH AMERICA - ARGENTINA, BOLIVIA, BRAZIL, CHILE, COLUMBIA, ECUADOR, 0 0 PROGRAM SERVICES HIGHER EDUCATION - STUDY ABROAD PROGRAM 70042 0 0 0 0 0 0 571100 0 571100 1 0 0 1 1 0 PART III ACCOUNTING METHOD: SCHEDULE F PART IV: THE COLLEGE DID NOT MEET THE THRESHOLD REQUIREMENT FOR FILING FORMS 8865 AND 8621 DURING THE YEAR. GOLF OUTING 46815 20015 26800 1750 13390 5758 5015 0 620 46815 20015 26800 1750 13390 5758 5015 620 26533 267 1 INSTITUTIONAL SCHOLARSHIPS AND GRANTS 1184 40992145 0 N/A N/A PART I, LINE 2: ELIGIBILITY FOR NEED-BASED GRANTS IS DETERMINED BY THE SUBMISSION OF THE "FREE APPLICATION" FOR FEDERAL STUDENT AID. MERIT SCHOLARSHIPS AND AWARDS ARE DETERMINED BY A STUDENT'S ADMISSION APPLICATION. X X X X 1 1 X X X X X 0 0 0 0 0 0 0 1 0 JAMES A TROHA BA MA PHD PRESIDENT (NON-VOTING) 368611 0 67865 0 181 0 57381 0 112547 0 606585 0 0 0 LAUREN L BOWEN PHD PROVOST 193135 0 0 0 0 0 19873 0 22763 0 235771 0 0 0 JASON R MORAN MS VP ENROLLMENT 152022 0 2000 0 0 0 16147 0 23106 0 193275 0 0 0 JAMES R WATT MA VP ADVANCEMENT 162699 0 5000 0 3946 0 16267 0 972 0 188884 0 0 0 KARLA D WISER BS CPA CONTROLLER 99955 0 3000 0 0 0 11046 0 74232 0 188233 0 0 0 DAVID P ANDREWS ADMINISTRATOR 136460 0 5000 0 0 0 12500 0 9200 0 163160 0 0 0 REGINA LAMENDELLA FACULTY 126050 0 500 0 0 0 10000 0 22956 0 159506 0 0 0 TRACY L STOUGH GRAJEWSKI EXEC DIR/CHIEF HR OFFICER 124695 0 761 0 0 0 13167 0 20752 0 159375 0 0 0 DOMINICK F PERUSO ADMINISTRATOR 124361 0 761 0 0 0 11403 0 22537 0 159062 0 0 0 MATTHEW DAMSCHRODER PHD VP STUDENT LIFE 131279 0 4760 0 0 0 13548 0 9304 0 158891 0 0 0 PART I, LINE 1A THE PRESIDENT OF THE COLLEGE HAS A RESIDENCE PROVIDED TO HIM AS PART OF HIS COMPENSATION PACKAGE. IN ADDITION TO THE RESIDENCE, HOUSEKEEPING SERVICES, SUCH AS CLEANING AND MAINTENANCE, ARE ALSO PROVIDED BY THE COLLEGE. LIMITED TRAVEL FOR THE PRESIDENT'S SPOUSE IS PROVIDED AS WELL. THE COLLEGE PAID GOLF CLUB DUES FOR DR. TROHA FOR 2022. THESE BENEFITS ARE NOT TAXABLE INCOME TO THE PRESIDENT AS THEY ARE CONSIDERED ESSENTIAL TO PERFORMING HIS WORK FOR THE COLLEGE. PART I, LINE 7 THE PRESIDENT'S BONUS WAS BASED UPON A PERFORMANCE SCORECARD DEVELOPED BY THE BOARD OF TRUSTEES. THE SCORECARD INCLUDES REVENUE, FUND RAISING, SPENDING AND A DISCRETIONARY COMPONENT. THE AMOUNT OF THE BONUS IS DETERMINED AND APPROVED BY THE BOARD OF TRUSTEES. A FULTON BANK NA 231928421 2016-05-23 7690000 SEE PART VI 0 0 0 B HUNTINGDON COUNTY GENERAL AUTHORITY - SERIES 2016 OO2 236632278 44586SAP3 2016-05-12 34547786 SEE PART VI 0 0 0 C HUNTINGDON COUNTY GENERAL AUTHORITY - SERIES 2018 QQ1 236632278 44586SBD9 2018-05-01 7910995 SEE PART VI 0 0 0 D HUNTINGDON COUNTY GENERAL AUTHORITY - SERIES 2021 TT3 236632278 2021-10-28 19965576 SEE PART VI 0 0 0 A 7690000 7690000 2016 0 1 1 1 B 34547786 147014 34400772 2016 0 1 1 1 C 7910995 157195 7753800 2018 1 0 1 1 D 19965576 219466 4035031 5635739 10085340 2022 0 1 1 1 A 0 0 1 1 0 0.00000 0.00000 0.00000 0 0 1 B 0 0 1 1 0 0.00000 0.00000 0.00000 0 0 1 C 0 0 1 1 0 0.00000 0.00000 0.00000 0 0 1 D 0 0 1 1 0 0.00000 0.00000 0.00000 0 0 1 A 0 1 0 0 0 0 0 0 1 B 0 0 0 1 1 0 0 0 1 C 0 0 0 1 0 0 0 0 1 D 0 1 0 0 1 0 0 0 1 A 1 B 1 C 1 D 1 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: HUNTINGDON COUNTY GENERAL AUTHORITY - SERIES 2016 OO2 DATE THE REBATE COMPUTATION WAS PERFORMED: 06/04/2019 ISSUER NAME: HUNTINGDON COUNTY GENERAL AUTHORITY - SERIES 2018 QQ1 DATE THE REBATE COMPUTATION WAS PERFORMED: 10/14/2019 PART I, COLUMN F, DESCRIPTION OF PURPOSE: ISSUE A: ADVANCE REFUNDING OF THE 2010 BONDS ISSUE B: ADVANCE REFUNDING OF THE 2010 BONDS, FINANCING OF CAPITAL PROJECTS, AND PAYMENT OF BOND ISSUANCE COSTS ISSUE C: CURRENT REFUNDING OF THE 2013 BONDS AND ISSUANCE COSTS ISSUE D: ADVANCE REFUNDING OF THE 2004 & 2016 BONDS, FINANCING OF CAPITAL PROJECTS, AND PAYMENT OF BOND ISSUANCE COSTS 119756 SEE PART V SEE PART V PART III, GRANTS OR ASSISTANCE BENEFITTING INTERESTED PERSONS: (D) TYPE OF ASSISTANCE: SCHOLARSHIPS/AWARDS(E) PURPOSE OF ASSISTANCE: TUITION ASSISTANCE X 25175 COST X 7 70922 CLOSING COST X ROBOTIC EQUIPMENT 1 4999 COST X MINERAL AND ROCK COLLECTION 1 3365 COST X MISC ITEMS 6 1528 COST 0 0 1 0 PART I, COLUMN (B): THE NUMBER IN PART I, COLUMN B REPRESENTS THE TOTAL NUMBER OF CONTRIBUTORS. FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE SHALL CONSIST OF THE OFFICERS OF THE BOARD WHO ARE VOTING TRUSTEES, THE CHAIR OR, IN THE ABSENCE OF THE CHAIR, THE VICE-CHAIR OF EACH STANDING COMMITTEE OF THE BOARD, AND TWO OTHER VOTING TRUSTEES ELECTED BY THE BOARD. THE COMMITTEE SHALL HAVE AND MAY EXERCISE ALL OF THE POWERS AND AUTHORITY OF THE BOARD WHEN THE BOARD IS NOT IN SESSION IN THE MANAGEMENT OF THE BUSINESS AND AFFAIRS OF THE COLLEGE, EXCEPT THAT THE COMMITTEE SHALL NOT HAVE THE POWER AND AUTHORITY TO (I) ADOPT, AMEND OR REPEAL THE ARTICLES OF INCORPORATION OR BYLAWS OF THE COLLEGE, (II) ADOPT, AMEND OR REPEAL THE CHARTER OF ANY COMMITTEE OF THE BOARD, (III) TAKE ANY ACTION DELEGATED BY CHARTER TO ANOTHER COMMITTEE OF THE BOARD, (IV) CREATE OR FILL ANY VACANCY ON THE BOARD, (V) SELECT OR TERMINATE THE PRESIDENT OF THE COLLEGE OR ANY OFFICER OF THE BOARD, (VI) INCUR CORPORATE INDEBTEDNESS, (VII) SELL OR OTHERWISE DISPOSE OF REAL ESTATE AND OTHER TANGIBLE PROPERTY, (VIII) ADOPT AN ANNUAL BUDGET, (IX) CONFER DEGREES, OR (X) TAKE ANY ACTION INCONSISTENT WITH A PRIOR RESOLUTION OF THE BOARD. FORM 990, PART VI, SECTION A, LINE 2 TRUSTEES WILLIAM HAYES AND ROBERT MCMINN III AND PRESIDENT JAMES TROHA HAVE A BUSINESS RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11B COLLEGE OFFICERS WERE GIVEN A COPY OF THE FORM 990 TO REVIEW IN DETAIL. THE AUDIT, COMPLIANCE AND RISK MANAGEMENT COMMITTEE ("AUDIT COMMITTEE") OF THE BOARD OF TRUSTEES REVIEWED THE FULL 990 DURING AN AUDIT COMMITTEE MEETING. IN ORDER TO RESPECT THE PRIVACY OF DONORS, THE COLLEGE PROVIDED ALL TRUSTEES WITH A PUBLIC DISCLOSURE COPY OF THE 990 BUT MADE A FULL COPY OF THE RETURN AVAILABLE TO THEM UPON REQUEST. ANY QUESTIONS, COMMENTS, AND OTHER CONCERNS WERE ADDRESSED PRIOR TO THE E-FILING OF THE RETURN WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY, THE BOARD OF TRUSTEES AND OFFICERS INDIVIDUALLY SIGN CONFLICT OF INTEREST POLICIES THAT ARE MAINTAINED IN THE OFFICIAL RECORDS OF THE COLLEGE. AT LEAST ANNUALLY, THE GOVERNANCE COMMITTEE WILL ASSESS EACH TRUSTEE'S AND BOARD OFFICER'S COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY AND PROVIDE THE BOARD WITH ITS ASSESSMENT OF ANY POSSIBLE CONFLICTS OF INTEREST WHENEVER A NEW OR EXISTING TRUSTEE IS NOMINATED FOR ELECTION OR REELECTION TO THE BOARD. EMPLOYEE OFFICER COMPLIANCE IS MONITORED BY THE DIRECTOR OF HUMAN RESOURCES. ANY MEMBER WITH A CONFLICT MAY PARTICIPATE IN THE DISCUSSION, BUT MUST ABSTAIN FROM VOTING ON THE MATTER RELATED TO HIS OR HER CONFLICT. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES REVIEWS THE PERFORMANCE OF THE PRESIDENT AND RECOMMENDS TO THE FULL BOARD OF TRUSTEES THE PRESIDENT'S COMPENSATION AFTER REVIEWING COMPARABLE INFORMATION FROM OTHER SOURCES. COMPENSATION REVIEW IS PREPARED BY USING CUPAHR DATA ON DEMAND. THE COMPARISON GROUP REVIEWED INCLUDES SCHOOLS WITH SIMILAR BUDGETS AND ENROLLMENT SIZES. THE COMPARISON GROUP INCLUDES PEERS, ASPIRANTS, US NEWS & WORLD REPORT TIER 2 SCHOOLS, LANDMARK CONFERENCE, CENTENNIAL CONFERENCE AND A SELECT GROUP OF PA SCHOOLS. THE REVIEW AND APPROVAL IS DOCUMENTED BY HUMAN RESOURCES AND MINUTES OF THE BOARD OF TRUSTEE MEETINGS. THE PRESIDENT REVIEWS THE PERFORMANCE AND APPROVES THE COMPENSATION FOR OTHER OFFICERS USING COMPARATIVE DATA FOR THESE POSITIONS FROM CUPAHR. FORM 990, PART VI, SECTION C, LINE 19 THE COLLEGE MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, FINANCIAL STATEMENTS, AND APPLICABLE TAX DOCUMENTS AVAILABLE FOR INSPECTION OR REVIEW AT THE ADMINISTRATIVE OFFICES ON CAMPUS UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN THE VALUATION OF SPLIT-INTEREST AGREEMENTS -378,665. CHANGE IN FMV OF FUNDS HELD IN TRUST BY OTHERS -132,350. CHANGE IN THE VALUATION OF CASH SURRENDER VALUE OF LIFE INSURANCE 603,304.