2025-04-15T15:03:01-05:00 2024-05-31 390859910 BAKER TILLY ADVISORY GROUP LP 1570 FRUITVILLE PIKE SUITE 400 LANCASTER PA 17601 990 2023-06-01 231352615 ALBRIGHT COLLEGE ALBR 6109217749 13TH BERN STREETS PO BOX 15234 READING PA 196125234 DEBRA TOWNSLEY PRESIDENT 6109217749 2025-04-14 1 0 X KERRI N BOGDA CPA P00760402 7177404863 2025-04-09 2023 2025-03-06 01:10:19Z DEBRA TOWNSLEY 13TH BERN STREETS PO BOX 15234 READING PA 196125234 70762967 0 X WWW.ALBRIGHT.EDU X 1928 PA PROMOTING A COMMITMENT TO LIFELONG LEARNING WITH A FOUNDATION IN THE LIBERAL ARTS. 29 28 1011 60 465641 27151 8167632 5539839 46903766 50573565 3764445 3832703 2220519 1741391 61056362 61687498 19886569 20687034 0 0 27797027 28914990 0 0 1852971 33431399 34777067 81114995 84379091 -20058633 -22691593 195952352 224581987 105191247 153166555 90761105 71415432 X AS A DIVERSE COMMUNITY OF LEARNERS, WE CULTIVATE INTEGRITY, CURIOSITY, CONNECTION AND RESILIENCE. 0 0 68856182 20687034 50611869 NAMED A TOP NATIONAL COLLEGE BY U.S. NEWS & WORLD REPORT, ALBRIGHT COLLEGE, READING, PA., (FOUNDED 1856) IS HOME TO ENGAGING FACULTY WHO BELIEVE THAT THE BEST ACADEMIC MOMENTS ARE WHEN STUDENTS FEEL INSPIRED AND READY TO TAKE ACTION. THE COLLEGE'S DISTINCTIVE CO-MAJOR PROGRAM ENABLES STUDENTS TO CROSS OR COMBINE DIFFERENT AREAS OF STUDY, WITHOUT TAKING LONGER TO GRADUATE. STUDY ALONGSIDE UNDERGRADUATE STUDENTS, ADULT LEARNERS AND GRADUATE STUDENTS, AND IGNITE YOUR SPARK AT ALBRIGHT COLLEGE.ALBRIGHT FACULTY BELIEVE THAT THE BEST ACADEMIC MOMENTS ARE WHEN STUDENTS FEEL INSPIRED AND READY TO TAKE ACTION. THE ALBRIGHT EXPERIENCE IS DESIGNED TO SPARK EACH STUDENT'S VISION FOR A MEANINGFUL FUTURE SO THAT THEY GRADUATE READY TO MAKE AN IMPACT ON OUR RAPIDLY CHANGING WORLD.STUDENTS ARE ENCOURAGED TO FORGE THEIR OWN PATH THROUGH STUDENT-DRIVEN LEARNING EXPERIENCES AND FOCUS THEIR FLAME BY CONNECTING YOUR PASSIONS IN FACULTY-LED EXPERIENCES. MORE THAN HALF OF ALBRIGHT STUDENTS TAKE ADVANTAGE OF THE COLLEGE'S DISTINCTIVE CO-MAJOR PROGRAM, WHICH ENABLES STUDENTS TO CROSS OR COMBINE DIFFERENT PROGRAMS, WITHOUT TAKING LONGER TO GRADUATE. IN ADDITION TO FACULTY MENTORS AND ALBRIGHT'S CAREER CENTER PROFESSIONALS, EACH STUDENT IS ASSIGNED A PERSONAL FOUR-YEAR SUCCESS COACH TO HELP THEM NAVIGATE COLLEGE AND STAY ON TRACK.AT ALBRIGHT, STUDENTS LEARN TO ASK QUESTIONS, THINK CREATIVELY, DEVELOP INNOVATIVE IDEAS AND SOLVE PROBLEMS. THEY ARE PREPARED TO BECOME AGENTS FOR CHANGE/SPARKS IN THE WORLD.ALBRIGHT IS A SUPPORTIVE, 24/7 RESIDENTIAL COMMUNITY WITH MORE THAN 70 STUDENT GROUPS, HONOR SOCIETIES, CLUBS, GREEK LIFE AND A VARIETY OF AFFINITY HOUSES - ALL OFFERING OPPORTUNITIES FOR LEADERSHIP AND SERVICE. MORE THAN A THIRD OF UNDERGRADUATES PARTICIPATE ON ALBRIGHT'S DIVISION III ATHLETIC TEAMS FOR WHICH THE QUALITY OF THE EDUCATIONAL EXPERIENCE AND SUCCESSFUL DEGREE COMPLETION ARE PRIORITIES.ALBRIGHT ALSO OFFERS ONLINE BACHELOR'S AND MASTER'S DEGREE PROGRAMS, CERTIFICATES AND PROFESSIONAL DEVELOPMENT FOR EDUCATORS. DESIGNED TO IGNITE THE SPARK OF FUTURE TEACHERS THROUGH PERSONALIZED LEARNING, ALBRIGHT COLLEGE'S NEW SCHOOL OF EDUCATIONAL INNOVATION OFFERS A RANGE OF DEEPLY EXPERIENTIAL EDUCATION DEGREES, ALL OF WHICH INCORPORATE THE GROUNDBREAKING TOTAL EXPERIENCE LEARNING METHODOLOGY, AVAILABLE ONLY AT ALBRIGHT.ALBRIGHT HAS BEEN RECOGNIZED AS ONE OF THE TOP COLLEGES IN THE COUNTRY FOR ITS SUCCESS IN ENROLLING AND SEEING ECONOMICALLY-DISADVANTAGED STUDENTS THROUGH TO GRADUATION. AFTER GRADUATION, MEDIAN INCOME LEVELS OF ALBRIGHT ALUMNI OUTPACE THE EARNINGS OF GRADUATES FROM MOST OTHER PRIVATE AND PUBLIC COLLEGES.53% PERSONALIZE DEGREES | 83% LIVE ON CAMPUS | 41% OUT-OF-STATE STUDENTS | 97% RECEIVE FINANCIAL AID | 48% NON-WHITE | 33% STUDENT-ATHLETES | 12:1 STUDENT-FACULTY RATIO | 150+ PERSONALIZED COMBINATION OF MAJORS.RECENT ACCOLADES INCLUDE:TOP NATIONAL LIBERAL ARTS COLLEGE U.S. NEWS & WORLD REPORT TOP 31 IN NATION ON SOCIAL MOBILITY U.S. NEWS & WORLD REPORT BEST COLLEGES FOR CAREER DEVELOPMENT COLLEGES OF DISTINCTION BEST MID-ATLANTIC COLLEGES PRINCETON REVIEW BEST LIBERAL ARTS COLLEGES WASHINGTON MONTHLY BEST BANG FOR THE BUCK WASHINGTON MONTHLY GRADS EARN HIGH ROI GEORGETOWN STUDY90% MED SCHOOL ACCEPTANCE RATE90% LAW SCHOOL ACCEPTANCE RATE 68856182 1 1 0 0 0 0 0 1 0 1 1 1 0 1 1 1 0 1 1 0 1 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 0 0 1 1844 0 1011 1 1 1 1 GK CS 0 0 0 1 1 0 0 0 0 0 0 X 29 28 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 PA X LAWRENCE BOMBACK INTERIM VP OF FINANCECFO 6109217749 13TH BERN STREETS PO BOX 15234 READING PA 196125234 JACQUELYN S FETROW PHD PRESIDENT 40.00 0.00 X X 401920 0 27025 RONALD SCHEESE CHAIR 1.00 0.00 X X 0 0 0 TIFFENIA D ARCHIE VICE CHAIR 1.00 0.00 X X 0 0 0 STEPHANIE DUPAUL EDD SECRETARY 1.00 0.00 X X 0 0 0 SUZANNE E ANDERSON MED PCC TRUSTEE 1.00 0.00 X 0 0 0 DWIGHT DAVIS MDIV TRUSTEE 1.00 0.00 X 0 0 0 BENEDETTO FRANCO TRUSTEE 1.00 0.00 X 0 0 0 JOSEPHINE A GRUBER TRUSTEE 1.00 0.00 X 0 0 0 KRISTINE HAZZARD TRUSTEE 1.00 0.00 X 0 0 0 DANIEL B HUYETT ESQ TRUSTEE 1.00 0.00 X 0 0 0 REV ROBIN M HYNICKA MDIV TRUSTEE 1.00 0.00 X 0 0 0 SCOTT KEATON CPA TRUSTEE 1.00 0.00 X 0 0 0 KAREN A MARRONGELLE PHD TRUSTEE 1.00 0.00 X 0 0 0 JOHN P MCALLISTER TRUSTEE 1.00 0.00 X 0 0 0 WC JACK MILLER TRUSTEE 1.00 0.00 X 0 0 0 TAMI CORRELL PINCHIAROLI TRUSTEE 1.00 0.00 X 0 0 0 DEBORAH ST CLAIR RADWANSKI PHD TRUSTEE 1.00 0.00 X 0 0 0 MICHAEL H REESE TRUSTEE 1.00 0.00 X 0 0 0 BJORN REIGLE TRUSTEE 1.00 0.00 X 0 0 0 YAMIL SANCHEZ RIVERA EDD TRUSTEE 1.00 0.00 X 0 0 0 MICHAEL D SCALES TRUSTEE 1.00 0.00 X 0 0 0 JORGE J SCHEIRER MD TRUSTEE 1.00 0.00 X 0 0 0 JOHN SCHULTZ ESQ TRUSTEE 1.00 0.00 X 0 0 0 PATRICIA F SHERMOT CME CUDE TRUSTEE 1.00 0.00 X 0 0 0 NANCY G SHORES JD TRUSTEE 1.00 0.00 X 0 0 0 PETER D STANISLAWCZYK TRUSTEE 1.00 0.00 X 0 0 0 SUSANNAH B TRUITT TRUSTEE 1.00 0.00 X 0 0 0 CHARNITA ZEIGLER-JOHNSON PHD TRUSTEE 1.00 0.00 X 0 0 0 DAVID W STONESIFER CPA TRUSTEE 1.00 0.00 X 0 0 0 TED C ABRAMS TRUSTEE (UNTIL 10/23) 1.00 0.00 X 0 0 0 THOMAS A CHAVES TRUSTEE (UNTIL 01/24) 1.00 0.00 X 0 0 0 KENNETH S LAKIN TRUSTEE (UNTIL 11/23) 1.00 0.00 X 0 0 0 MICHAEL D LISS CPA TRUSTEE (UNTIL 10/23) 1.00 0.00 X 0 0 0 JEFFREY L STRADER VP, FINANCE/STRATEGIC PARTNERSHIPS 40.00 0.00 X 162138 0 20426 KAREN CAMPBELL SR. VP FOR ACADEMIC AFFAIRS 40.00 0.00 X 144423 0 17146 BRENDA INGRAM-WALLACE ASSOC. VP, ADVOCACY/FULL PARTIC. 40.00 0.00 X 144803 0 16568 RODNEY WARFIELD PROF. OF EDUCATION 40.00 0.00 X 145641 0 15070 LISA WILDER DEAN OF PROF. STUDIES 40.00 0.00 X 127541 0 28815 JOSHUA WILLIAMSON COLLEGE PHYSICIAN 40.00 0.00 X 122665 0 34741 GERTRUDE EGUAE-OBAZEE PROF. OF ACCOUNTING 40.00 0.00 X 112974 0 24878 MICHAEL D'ERRICO ASST. PROFESSOR OF MUSIC 40.00 0.00 X 106003 0 32391 1468108 0 217060 56 0 1 0 ARAMARK CORPORATION 131 S DEARBORN 6TH FL CHICAGO IL 60603 FOOD SVC PROVIDER 4196695 DYNAMIC CAMPUS SOLUTIONS 2806 FLINTROCK TRCE SUITE A205 AUSTIN TX 78738 IT SERVICES 2375857 EAB GLOBAL INC 2445 M STREET NW WASHINGTON DC 20037 RECRUITING SERVICE 424365 HERBEIN & COMPANY 2763 CENTURY BLVD READING PA 19610 ACCOUNTING SERVICES 394284 NEW CASTLE LAWN AND LANDSCAPE 3 E POINTE DRIVE BIRDSBORO PA 19508 LANDSCAPING 312972 12 84155 2372784 3082900 183919 5539839 TUITION AND FEES 611710 37952566 37952566 AUX ENT - ROOM AND BOARD 721310 12470296 12470296 AUX ENT - OTHER PROGRAM INCOME 611710 94401 94401 STUDENT LOAN INTEREST AND FEES 611710 56302 56302 50573565 2867189 115459 2751730 581977 581977 453573 110933 342640 342640 51888 290752 9890000 8924486 965514 965514 965514 28928 84155 40050 -11122 -11122 TOTAL EXPERIENCE LEARNING PROGRAM 611310 292834 292834 ATHLETICS AND AQUATICS PROG 713940 170231 5702 164529 CONFERENCE ACCOMMODATIONS 721000 133765 133765 231066 32602 198464 827896 61687498 50611869 465641 5070149 20687034 20687034 883290 403126 394217 85947 21699801 15976065 4789334 934402 777780 591515 151757 34508 3913720 2909980 826633 177107 1640399 1195661 370585 74153 345703 345703 116453 116453 38684 38684 4488784 1242067 3072343 174374 802067 367830 434237 2002660 1459160 463874 79626 708662 379969 328693 416 416 4162142 4051284 91509 19349 549465 463104 65633 20728 75897 64158 11739 2890745 2688682 166796 35267 7462206 6940598 430569 91039 1060655 991271 57274 12110 FOOD SERVICES 3664087 3664087 MISCELLANEOUS 3041020 1813885 1132518 94617 EMPL./STUDENT EXPENSES 2426324 2027699 381030 17595 RECRUITMENT 668113 668113 272984 270478 357 2149 84379091 68856182 13669938 1852971 114057 143537 3142319 6943004 10010288 1399032 1226660 765978 290431 222059 1454219 1260792 196871386 124795311 73947215 72076075 37152085 39893811 16970543 14788582 1998947 1055743 36576009 70930643 13069579 15102731 195952352 224581987 8415952 8030858 2544407 1589549 2652684 4541562 34141075 38243519 8805996 16816621 4692430 4377600 43938703 79566846 105191247 153166555 X 8273427 -17239946 82487678 88655378 90761105 71415432 195952352 224581987 X -22691593 3378606 -32686 X 0 1 X 1 1 1 X 5626023 11946403 16593250 8167632 5539839 47873147 5626023 11946403 16593250 8167632 5539839 47873147 47873147 2194615 2949827 4696527 2742330 3693787 16277086 597324 271857 449886 760720 519926 2599713 66749946 243378614 0.71720 0.71160 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: ALL OTHER REVENUE - 2019 AMOUNT: $ 597,324. 2020 AMOUNT: $ 271,857. 2021 AMOUNT: $ 449,886. 2022 AMOUNT: $ 760,720. 2023 AMOUNT: $ 519,926. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X 0 53599717 1291489 4242000 6100000 53033206 63837604 1245932 -960716 1894574 8628529 53599717 67451163 1103537 -1304686 2113872 1298538 63837604 54844527 767565 16517631 2455375 2223185 67451163 58865085 1153703 1255189 1615051 4814399 54844527 0.16190 0.83560 0.00250 1 0 4830063 4830063 131971940 74616838 57355102 1320425 407792 912633 46263787 40671022 5592765 12485171 9099659 3385512 72076075 DOMESTIC HEDGE FUNDS 14710720 F CENTRAL AMERICA INVESTMENT 77862 F 14788582 ASSETS HELD IN TRUST BY OTHERS 13435442 OTHER RECEIVABLES 343351 OTHER ASSETS 929782 DUE FROM ALBRIGHT COLLEGE COSTA RICA 394156 15102731 EARLY RETIREMENT 117045 POST RETIREMENT HEALTHCARE BENEFITS 5082 CHARITABLE GIFT ANNUITY CONTRACT LIAB 590073 STUDENT DEPOSITS AND ADVANCE PAYMENTS 1777339 DEPOSITS HELD FOR OTHERS 464004 LEASE LIABILITIES 76298022 OUTSTANDING CHECKS 315281 79566846 X 44686000 3378606 -20341863 -16963257 61649257 38241 38241 61687498 64109000 228845 228845 63880155 20498936 20498936 84379091 PART III, LINE 1A: THE COLLEGE DOES NOT ASSIGN VALUES TO COLLECTION ITEMS. COLLECTION ITEMS ARE GENERALLY HELD FOR EDUCATIONAL PURPOSES AND ARE NOT DISPOSED OF FOR FINANCIAL GAIN OR OTHERWISE ENCUMBERED IN ANY MANNER. PART III, LINE 4: ALBRIGHT COLLEGE MAINTAINS A DIVERSE COLLECTION OF TWO AND THREE DIMENSIONAL WORKS OF ART ACROSS THE CAMPUS. THE MAJORITY OF THE WORKS OF ART ARE ORIGINAL PRINTS AND PHOTOGRAPHS FROM THE 1960S UP TO THE 1990S, WITH AN EMPHASIS ON WORKS BY AMERICAN ARTISTS. ALL WORKS OF ART ARE AVAILABLE FOR STUDY AND RESEARCH BY STUDENTS, FACULTY, STAFF, AND THE GENERAL PUBLIC. EXHIBITIONS AND EDUCATIONAL PROGRAMS ARE DEVELOPED AROUND VARIOUS ASPECTS OF THE WORKS OF ART FOR THE CAMPUS AND THE GENERAL PUBLIC. SOME EDUCATIONAL PROGRAMS ARE DEVELOPED SPECIFICALLY FOR K-12 SCHOOL GROUPS AND ADULTS FROM THE REGION IN THE FREEDMAN GALLERY, WHILE OTHER PROGRAMS AND WORKS OF ART ARE TAKEN DIRECTLY TO OFFSITE EDUCATIONAL INSTITUTIONS. WORKS OF ART ARE FREQUENTLY TAKEN INTO CLASSES FOR LECTURES AND TRAINING PURPOSES. MANY OF THE WORKS OF ART ARE AVAILABLE FOR USE BY OTHER EDUCATIONAL INSTITUTIONS. ALL WORKS OF ART ARE HANDLED BY SPECIFICALLY TRAINED STAFF AND STUDENTS. PART V, LINE 4: THE ENDOWMENT FUNDS ARE INTENDED TO BE USED TO SUPPORT STUDENT FINANCIAL AID, INSTRUCTION AND OTHER COLLEGE OPERATIONS. PART X, LINE 2: THE COLLEGE FOLLOWS THE FASB GUIDANCE RELATED TO ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. THE GUIDANCE CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN AN ENTITY'S FINANCIAL STATEMENTS AND PRESCRIBES 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 HAS BEEN MET. THE GUIDANCE ALSO PROVIDES GUIDANCE ON DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, ACCOUNTING IN INTERIM PERIODS, AND DISCLOSURE. MANAGEMENT HAS DETERMINED THAT THERE ARE NO SIGNIFICANT UNCERTAIN TAX POSITIONS MEETING THE RECOGNITION CRITERIA IN 2024 AND 2023. THE COLLEGE'S POLICY IS TO RECOGNIZE INTEREST RELATED TO UNRECOGNIZED TAX BENEFITS IN INTEREST EXPENSE AND PENALTIES IN OPERATING EXPENSES. PART XI, LINE 2D - OTHER ADJUSTMENTS: STUDENT AID -20,270,493. INVESTMENT EXPENSES -38,684. CHANGE IN VALUE OF ANNUITY CONTRACT AGREEMENTS -32,686. PART XI, LINE 4B - OTHER ADJUSTMENTS: RENTAL EXPENSES -110,933. FUNDRAISING EVENT EXPENSES -40,050. PROGRAM EXPENSES NETTED AGAINST REVENUE 189,224. PART XII, LINE 2D - OTHER ADJUSTMENTS: EXPENSES ATTRIBUTABLE TO THE COSTA RICA CORPORATION 77,862. RENTAL EXPENSES 110,933. FUNDRAISING EVENT EXPENSE 40,050. PART XII, LINE 4B - OTHER ADJUSTMENTS: STUDENT AID 20,270,493. PROGRAM EXPENSES NETTED AGAINST REVENUE 189,224. INVESTMENT EXPENSES 38,684. ROUNDING 535. 1 1 0 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 ALBRIGHT COLLEGE HAS SATISFIED THE PUBLICITY REQUIREMENT OF IRS REVENUE PROCEDURE 75-50, 1975-2 C.B. 587 SECTION 4.03 BY COMPLYING WITH SECTION 4.02. THE COLLEGE DRAWS A SUBSTANTIAL PERCENTAGE OF ITS STUDENTS NATIONWIDE AND FROM A LARGE GEOGRAPHIC AREA AND ENROLLS MINORITY STUDENTS IN MEANINGFUL NUMBERS, AND, THEREFORE, MEETS THE CONDITION IN SECTION 4.03 - 2(B). THE COLLEGE'S NONDISCRIMINATORY POLICY IS CONTAINED IN ITS SOLICITATION LITERATURE. SCHEDULE E, PART I, LINE 6 ALBRIGHT COLLEGE PARTICIPATES IN STUDENT FINANCIAL AID ASSISTANCE PROGRAMS OF VARIOUS FEDERAL AND STATE GOVERNMENTAL AGENCIES. FEDERAL PROGRAMS INCLUDE THE PELL GRANT PROGRAM, SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANT (SEOG) PROGRAM, FEDERAL WORK STUDY (FWS) PROGRAM, AND THE FEDERAL DIRECT STUDENT LOAN PROGRAM. STATE PROGRAMS FOR STUDENTS INCLUDE THE PENNSYLVANIA STATE GRANT PROGRAM, MATCHING FUNDS PROGRAMS, CHAFFEE EDUCATION AND TRAINING GRANT PROGRAM, EDUCATIONAL ASSISTANCE PROGRAM(EAP) FOR NATIONAL GUARD MEMBERS, FOSTERING INDEPENDENCE THROUGH EDUCATION TUITION WAIVER(FOSTER ED) PROGRAM, AND THE PARTNERSHIPS FOR ACCESS TO HIGHER EDUCATION(PATH) PROGRAM. THE STATE GRANT PROGRAMS ARE ADMINISTERED BY THE PENNSYLVANIA HIGHER EDUCATION ASSISTANCE AGENCY (PHEAA). SCHEDULE E, PART I, LINE 6A CONT'D: IN ADDITION, THE COLLEGE IS AWARDED SPONSORED RESEARCH AND OTHER PROJECT GRANTS BY VARIOUS LOCAL, STATE, AND FEDERAL AGENCIES, INCLUDING THE NATIONAL SCIENCE FOUNDATION (NSF) AND NATIONAL INSTITUTES OF HEALTH (NIH). IN OCTOBER 2018, THE COLLEGE WAS AWARDED A TITLE III GRANT BY THE U.S. DEPARTMENT OF EDUCATION. GENERAL SUPPORT IS PROVIDED TO ALBRIGHT COLLEGE BY THE COMMONWEALTH OF PENNSYLVANIA UNDER ITS INSTITUTIONAL ASSISTANCE GRANT (IAG) PROGRAM TO PRIVATE COLLEGES AND UNIVERSITIES IN THE STATE. CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 INVESTMENTS 77862 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 INVESTMENTS 144000 0 0 0 0 0 0 221862 0 221862 0 0 1 1 1 0 SCHEDULE F, PART IV, LINE 3 THE ORGANIZATION HAS 100% OWNERSHIP IN A FOREIGN CORPORATION AND FILES A FORM 5471 FOR THIS INVESTMENT. SCHEDULE F, PART IV, LINE 5 THE ORGANIZATION HAS INVESTMENTS IN FOREIGN PARTNERSHIPS BUT ITS PERCENTAGE OF OWNERSHIP DOES NOT EXCEED THE THRESHOLD FOR THE FILING OF FORM 8865. THE ORGANIZATION HAS INDIRECT INVESTMENTS IN PFICS BUT DOES NOT HAVE A REQUIREMENT TO FILE FORM 8621. RED & WHITE GOLF 113083 84155 28928 28384 11666 113083 84155 28928 28384 11666 40050 -11122 1 TRUSTEE GRANTS 459 3053735 N/A PRESIDENTIAL/PROVOST SCHOLARSHIP 216 3380128 N/A JACOB ALBRIGHT SCHOLARSHIP 3 30000 N/A EUGENE SHIRK SCHOLARSHIP 33 711381 N/A ENDOWED SCHOLARSHIPS 309 1667064 N/A SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANTS 194 187649 N/A OTHER SCHOLARSHIPS, GRANTS AND AWARDS 1124 11286801 N/A FOREIGN STUDENT SCHOLARSHIPS 17 254100 N/A TALENT AWARDS 21 53000 N/A ACADEMIC TALENT GRANT 15 33500 N/A COMMUNITY COLLEGE ACHIEVEMENT SCHOLARSHIP 13 21776 N/A ADVLIVESSUPP SCHOLARSHIP 4 7900 N/A PART I, LINE 2: THE COLLEGE MAKES GRANTS TO STUDENTS BASED UPON FINANCIAL NEED AND ACADEMIC EXCELLENCE. THE SELECTION OF GRANT RECIPIENTS IS MADE BASED UPON OBJECTIVE CRITERIA. NO ONE IS DISCRIMINATED AGAINST BASED UPON RACE, RELIGION, GENDER, ETHNIC BACKGROUND, AGE, HANDICAP OR ANY OTHER REASON. THE FINANCIAL AID DEPARTMENT ASSESSES AND MONITORS THE ELIGIBILITY AND AWARDING OF GRANTS AND SCHOLARSHIPS TO STUDENTS. IT IS ASSISTED IN ITS ON-GOING REVIEW BY THE RESOURCES OF THE REGISTRAR AND STUDENT ACCOUNTS DEPARTMENTS. X X 1 1 X X X 0 0 0 0 0 0 0 0 0 JACQUELYN S FETROW PHD PRESIDENT 400000 0 0 0 1920 0 17000 0 10025 0 428945 0 0 0 JEFFREY L STRADER VP, FINANCE/STRATEGIC PARTNERSHIPS 160000 0 0 0 2138 0 8000 0 12426 0 182564 0 0 0 KAREN CAMPBELL SR. VP FOR ACADEMIC AFFAIRS 142563 0 0 0 1860 0 7121 0 10025 0 161569 0 0 0 BRENDA INGRAM-WALLACE ASSOC. VP, ADVOCACY/FULL PARTIC. 143124 0 0 0 1679 0 6543 0 10025 0 161371 0 0 0 RODNEY WARFIELD PROF. OF EDUCATION 144380 0 0 0 1261 0 5045 0 10025 0 160711 0 0 0 JOSHUA WILLIAMSON COLLEGE PHYSICIAN 122320 0 0 0 345 0 6030 0 28711 0 157406 0 0 0 LISA WILDER DEAN OF PROF. STUDIES 126806 0 0 0 735 0 5507 0 23308 0 156356 0 0 0 PART I, LINE 1A HOUSING ALLOWANCE OR RESIDENCE FOR PERSONAL USE: A COLLEGE-OWNED HOUSE IS PROVIDED AS A RESIDENCE FOR THE PRESIDENT AND FAMILY. THE COLLEGE-OWNED HOUSING IS NOT TREATED AS A TAXABLE BENEFIT TO THE PRESIDENT SINCE IT MEETS THE DEFINITION OF 'QUALIFIED CAMPUS LODGING' UNDER INTERNAL REVENUE CODE SECTION 119(D). TRAVEL FOR COMPANIONS: TRAVEL WAS PROVIDED FOR THE PRESIDENT'S SPOUSE WHEN SUCH TRAVEL WAS NECESSARY FOR THE FURTHERANCE OF THE WORK OF THE COLLEGE. THE TRAVEL IS CONSIDERED NECESSARY FOR THE PRESIDENT'S POSITION AND IS THEREFORE NOT TREATED AS TAXABLE COMPENSATION. A THE BERKS COUNTY MUNICIPAL AUTHORITY 236647630 2017-07-03 10000000 ACQUIRE PROPERTY & REFUND ISSUE - 9/2/14 0 0 0 B THE BERKS COUNTY MUNICIPAL AUTHORITY 236647630 2017-08-01 10000000 REFUND PRIOR ISSUE - 12/30/2013 0 0 0 C THE BERKS COUNTY MUNICIPAL AUTHORITY 236647630 2017-08-01 10000000 REFUND PRIOR ISSUE - 12/30/2013 0 0 0 D THE BERKS COUNTY MUNICIPAL AUTHORITY 236647630 2017-08-01 5500000 REFUND PRIOR ISSUE - 12/30/2013 0 0 0 A 122238132 10000000 176524 2484452 7339024 2017 1 0 1 1 B 2238132 10000000 10000000 2010 1 0 1 1 C 2238132 10000000 10000000 2010 1 0 1 1 D 1148052 5500000 5500000 2010 1 0 1 1 A 0 0 1 1 0 0.00800 0.00000 0.00800 0 0 1 B 0 0 1 1 0 0.00600 0.00000 0.00600 0 0 1 C 0 0 1 1 0 0.00600 0.00000 0.00600 0 0 1 D 0 0 1 1 0 0.00600 0.00000 0.00600 0 0 1 A 0 0 1 1 1 0 0 0 1 B 0 0 1 1 1 0 0 0 1 C 0 0 1 1 1 0 0 0 1 D 0 0 1 1 1 0 0 0 1 A 1 B 1 C 1 D 1 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: THE BERKS COUNTY MUNICIPAL AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 01/03/2018 ISSUER NAME: THE BERKS COUNTY MUNICIPAL AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 02/01/2018 ISSUER NAME: THE BERKS COUNTY MUNICIPAL AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 02/01/2018 ISSUER NAME: THE BERKS COUNTY MUNICIPAL AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 02/01/2018 SCHEDULE K, PART IV, LINES 2A-2C: NOTE REGARDING THE REBATE COMPUTATIONS ON 1/3/2018 AND 2/1/2018: SINCE THE BOND PROCEEDS HAVE BEEN SPENT, A SPENDING EXCEPTION HAS BEEN MET, AND THE DEBT SERVICE FUND WAS OPERATED ON A BONA FIDE BASIS, NO FURTHER REBATE CALCULATIONS ARE NECESSARY. SCHEDULE K, PART II, LINE 3: THE TOTAL PROCEEDS DO NOT AGREE TO THE ISSUE PRICE IN PART I, COLUMN(E) DUE TO INVESTMENT EARNINGS. A WERNERSVILLE MUNICIPAL AUTHORITY 231627474 2017-12-20 3430000 ACQUIRE PROPERTY & REFUND ISSUE 0 0 0 A 508120 3468217 53722 3414495 2020 0 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 1 0 1 0 0 0 1 A 1 X 9600 COMPARABLE SALES X 9 182219 NYSE X FUNDRAISING DINNER SUPPLIES 1 596 COMPARABLE SALES 0 0 0 0 PART I, COLUMN (B): THE NUMBER IN COLUMN B REPRESENTS THE AMOUNT OF CONTRIBUTORS. FORM 990, PART VI, SECTION A, LINE 3 THE COLLEGE ENGAGES ARAMARK CORPORATION TO PROVIDE FOOD SERVICES FOR THE COLLEGE COMMUNITY. BARNES AND NOBLE COLLEGE BOOKSTORE, LLC OPERATES AND PROVIDES SERVICES FOR THE COLLEGE'S BOOKSTORE. BRIGHT HORIZONS FAMILY SOLUTIONS OPERATES THE ALBRIGHT EARLY LEARNING CENTER. FORM 990, PART VI, SECTION B, LINE 11B THE INITIAL REVIEW IS PERFORMED BY THE COLLEGE'S FINANCE DEPARTMENT. ONCE MANAGEMENT IS SATISFIED, THE FORM 990 IS DISTRIBUTED TO THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES FOR REVIEW. FOLLOWING THAT REVIEW, A COMPLETE COPY OF THE RETURN IS POSTED ON THE BOARD OF TRUSTEES' INTRANET SITE FOR THE FULL BOARD'S ACCESS PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C ARTICLE XI, CONFLICT OF INTEREST OF THE BOARD OF TRUSTEES' BYLAWS REQUIRES ALL OF THE COLLEGE'S TRUSTEES AND OFFICERS TO SIGN A "CONFLICT OF INTEREST DISCLOSURE STATEMENT" ANNUALLY ACKNOWLEDGING HIS OR HER AFFIRMATIVE DUTY TO DISCLOSE CONFLICTS OF INTEREST, AND/OR POTENTIAL CONFLICTS OF INTEREST. THE BOARD OF TRUSTEES' TRUSTEESHIP AND GOVERNANCE COMMITTEE ROUTINELY REVIEWS AND DISCUSSES POTENTIAL CONFLICTS OF INTEREST AND THE ANNUAL STATEMENTS. THE COLLEGE WILL NOT TRANSACT BUSINESS WITH ANY ENTITY IN WHICH A TRUSTEE AND/OR OFFICER HAS AN INTEREST UNLESS SUCH INTEREST IS APPROPRIATELY DISCLOSED; THE INTERESTED TRUSTEE/OFFICER ABSTAINS FROM DELIBERATION OR VOTING ON THE MATTER; AND THE ACTION OR TRANSACTION IS DOCUMENTED CLEARLY IN THE BEST INTEREST OF THE COLLEGE. THE POLICY EXPLICITLY ADDRESSES THE RESPONSIBILITY TO DISCLOSE CONFLICTS OF INTEREST ASSOCIATED WITH FAMILY MEMBERS AND BUSINESSES. FORM 990, PART VI, SECTION B, LINE 15 THE PRESIDENT IS THE COLLEGE'S CHIEF EXECUTIVE OFFICER. ARTICLE V OF THE BOARD OF TRUSTEES' BYLAWS REQUIRES THAT THE PRESIDENT, IN CONJUNCTION WITH THE COMPENSATION COMMITTEE, DEVELOP ANNUAL PERFORMANCE OBJECTIVES FOR APPROVAL BY THE FULL BOARD. IT FURTHER REQUIRES THAT THE COMPENSATION COMMITTEE DETERMINE THE PRESIDENT'S COMPENSATION BASED ON THE ANNUAL PERFORMANCE ASSESSMENT AND REPORT SUCH FOR APPROVAL BY THE BOARD OF TRUSTEES. THE COMPENSATION OF OTHER OFFICERS (VICE-PRESIDENTS) AND ANNUAL PERFORMANCE ASSESSMENTS ARE THE RESPONSIBILITY OF THE PRESIDENT. ON AN ANNUAL BASIS, THE COLLEGE USES THE DATA PROVIDED TO REVIEW EXECUTIVE COMPENSATION LEVELS THROUGH PARTICIPATION IN THEIR EXECUTIVE COMPENSATION SURVEY FOR COLLEGES AND UNIVERSITIES. THESE SURVEYS GIVE COMPARATIVE DATA, INCLUDING SALARIES FOR EXECUTIVE LEVEL OFFICIALS (PRESIDENT AND VICE-PRESIDENTS), TO ENSURE THAT COMPENSATION DOES NOT EXCEED FAIR MARKET VALUE. THE PRESIDENT, IN CONCERT WITH THE DIRECTOR OF HUMAN RESOURCES, IS RESPONSIBLE FOR REVIEWING AND ESTABLISHING ONGOING SALARY LEVELS FOR THE RESPECTIVE VICE-PRESIDENTS. MINUTES ARE KEPT OF ALL BOARD OF TRUSTEE MEETINGS AND COMMITTEE MEETINGS, INCLUDING THE COMPENSATION COMMITTEE. WITH REGARD TO VICE-PRESIDENTS, PERFORMANCE ASSESSMENTS AND EVALUATIONS ARE DOCUMENTED IN THEIR RESPECTIVE PERSONNEL FILES. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF ANNUITY CONTRACT AGREEMENTS -32,686. NORTH THIRTEENTH STREET INC 13TH BERN STREETS PO BOX 14988 READING PA 196124988 232362385 REAL ESTATE RENTAL PA ALBRIGHT COLLEGE C 1.00000 1 ALBRIGHT COLLEGE COSTA RICA SA EL PATIO BUILDING 3RD FLOOR SAN JOSE CS LAND INVESTMENT CS ALBRIGHT COLLEGE C 77862 219155 1.00000 1 0 0 0 1 0 0 0 0 0 1 1 0 0 0 1 1 1 1 0 ALBRIGHT COLLEGE COSTA RICA SA D 394156 COST