2025-03-24T14:18:53-05:00 2024-06-30 991856619 GRANT THORNTON LLP 1000 WILSON BLVD SUITE 1500 ARLINGTON VA 22209 990 2023-07-01 231627436 PEIRCE COLLEGE PEIR 2156709128 1608 WALNUT STREET SUITE 1900 PHILADELPHIA PA 19103 ELIZABETH KRAPP VP, FINANCE/ADMIN & TREASURER 2156709128 2025-03-24 1 0 MARY TORRETTA P00847851 7038477500 2023 2025-03-06 01:10:19Z DR MARY ELLEN CARO 1608 WALNUT STREET SUITE 1900 PHILADELPHIA PA 19103 32600835 0 X WWW.PEIRCE.EDU X 1963 PA SEE SCHEDULE O X 13 13 163 13 0 0 4997951 5015350 10666776 10550638 1299733 6200092 224954 212260 17189414 21978340 5050478 5354898 0 0 10555799 10981549 0 0 318885 5404376 5390265 21010653 21726712 -3821239 251628 38047512 32798185 9579068 3752668 28468444 29045517 X SEE SCHEDULE O 0 0 17974344 5354898 10550638 SEE SCHEDULE O 17974344 1 1 0 1 0 0 0 0 0 1 1 0 0 1 1 1 0 1 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 1 1487 0 1 163 1 0 0 0 0 0 0 0 0 0 0 0 0 X 13 13 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 PA X ELIZABETH KRAPP 2156709128 1608 WALNUT STREET SUITE 1900 PHILADELPHIA PA 19103 TONI PERGOLIN CHAIR 1.00 0.00 X 0 0 0 DAVID SILVERMAN BOARD MEMBER 1.00 0.00 X 0 0 0 SCOTT D SMITH BOARD MEMBER 1.00 0.00 X 0 0 0 LISA S WALKER BOARD MEMBER 1.00 0.00 X 0 0 0 RENEE B YANCEY BOARD MEMBER 1.00 0.00 X 0 0 0 SHEILA IRELAND BOARD MEMBER 1.00 0.00 X 0 0 0 KEITH DAVISTON BOARD MEMBER 1.00 0.00 X 0 0 0 STEVEN SCOTT BRADLY BOARD MEMBER 1.00 0.00 X 0 0 0 ROBERT GRASSO BOARD MEMBER 1.00 0.00 X 0 0 0 TOM KARINSHAK BOARD MEMBER 1.00 0.00 X 0 0 0 TOM MCLAUGHLIN VICE CHAIR 1.00 0.00 X 0 0 0 SHARMAIN MATLOCK-TURNER BOARD MEMBER 1.00 0.00 X 0 0 0 JOSHUA W RICHARDS BOARD MEMBER 1.00 0.00 X 0 0 0 DR MARY ELLEN CARO PRESIDENT AND CEO 40.00 0.00 X 478394 0 33459 AMANDA HILL ASST. VP MARKETING & INTERIM SECRETARY 40.00 0.00 X 97294 0 17626 TARA MCBRIDE THRU 52023 EXEC ASST TO PRESIDENT & SECRETARY 40.00 0.00 X 34687 0 7558 ELIZABETH M KRAPP VP FINANCE/ADMIN & TREASURER 40.00 0.00 X 224494 0 27789 DR RITA TOLIVER-ROBERTS PROVOST & VP ACADEMIC AFFAIRS 40.00 0.00 X 223202 0 42193 JOSEPH GUZZARDO CHIEF OF STAFF/MARKETING 40.00 0.00 X 208557 0 35970 BRAD HODGE VP ENROLL/STUDENT SERVICES 40.00 0.00 X 200010 0 21093 DEBRA SCHRAMMEL ASSISTANT VP, INSTITUTIONAL ASSESSME 40.00 0.00 X 151161 0 21017 CARRIE ROBINSON AVP HUMAN RESOURCES/CHIEF DEI OFFICER 40.00 0.00 X 157493 0 31721 DR ADRIAN ZAPPALA THRU 52024 DEAN OF GRADUATE STUDIES 40.00 0.00 X 142474 0 38915 JAMES BURNS CHIEF INFORMATION OFFICER 40.00 0.00 X 154573 0 15983 DR STEPHANIE DONOVAN ASSOCIATE PROVOST 40.00 0.00 X 148187 0 28962 2220526 0 322286 26 0 1 0 DCW MEDIA 895 MARCONI AVE RONKONKOMA NY 11779 ADVERTISING 554300 EDUTRST LLC 3783 BRIAR HILL ROAD LEXINGTON KY 40516 ENROLLMENT LEAD REFERRALS 550500 SAUL EWING ARNSTEIN & LEHR 1500 MARKET ST FLOOR 38 PHILADELPHIA PA 19102 LEGAL FEES 275140 JENZABAR 101 HUNTINGTON AVE BOSTON MA 02199 LICENSES 130755 SALESFORCEORG 50 FREMONT ST SUITE 300 SAN FRANCISCO CA 94105 SOFTWARE 120652 8 4756163 259187 5015350 TUITION AND FEES 611310 10550638 10550638 10550638 789306 789306 5124266 10909015 3161938 7460557 1962328 3448458 5410786 5410786 ALL OTHER 900099 132587 132587 NON-CREDIT FEES 900099 79673 79673 212260 21978340 10550638 0 6412352 5354898 5354898 1465954 1021239 427187 17528 6898808 5984813 804960 109035 422366 357901 62519 1946 1596622 1270946 308480 17196 597799 509773 79229 8797 377048 377048 108616 108616 60000 60000 58603 58603 1635200 1262835 345276 27089 615575 615575 52437 45915 5402 1120 907602 784168 96206 27228 625130 540112 66264 18754 14479 13087 1392 15434 15123 100 211 340567 340567 80106 69212 8491 2403 134038 134038 AR PROVISION FOR LOSS 192260 192260 MEMBERSHIP DUES 83992 125 0 83867 MEALS AND BANQUETS 13019 12753 266 76159 55869 18237 2053 21726712 17974344 3433483 318885 322308 2347500 2071 12746 537696 229189 776327 553845 462205 372923 1584559 1315844 7753135 268715 24786058 22585816 61860 66006 0 0 3345852 6361445 38047512 32798185 745750 885380 173551 219956 2335764 3500000 2824003 2647332 9579068 3752668 X 24848866 25414482 3619578 3631035 28468444 29045517 38047512 32798185 251628 325445 0 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 0 1 60000 0 0 60000 0 PART II-B, LINE 1G ATTENDED MEETINGS WITH MEMBERS OF THE PENNSYLVANIA HOUSE AND SENATE IN ORDER TO EDUCATE MEMBERS ON PEIRCE COLLEGE, AND TO DISCUSS THE IMPACT OF THE COLLEGE ON THE SURROUNDING REGION. THE GOAL OF THESE MEETINGS WAS TO RAISE THE PROFILE OF PEIRCE COLLEGE AND SEEK PARTNERSHIPS WITH THE COMMONWEALTH OF PENNSYLVANIA. 3590365 700 457339 116581 24080 8856 3898887 3395823 1237 336925 113140 23401 7079 3590365 4086797 3065 -561974 104573 21727 5765 3395823 3309000 3462 900309 100702 21012 4260 4086797 3271824 4090 151809 94934 19835 3954 3309000 0.18100 0.15100 0.66800 1 0 0 139955 13995 125960 1444604 1301849 142755 0 268715 LEASE RIGHT OF USE ASSET 2461445 PREFERRED EQUITY INVESTMENT 3900000 6361445 LEASE RIGHT OF USE LIABILITY 2647332 2647332 X 17110216 325445 -2092924 -1767479 18877695 58603 3042042 3100645 21978340 16533143 -3042042 -3042042 19575185 58603 2092924 2151527 21726712 PART V, LINE 4: INTENDED USE OF ENDOWMENT FUNDS: THE COLLEGE'S ENDOWMENT CONSISTS OF DONOR-RESTRICTED AND BOARD DESIGNATED FUNDS TO BE HELD IN PERPETUITY, WITH INCOME BEING USED FOR SCHOLARSHIP, OPERATING EXPENSES, AND FACULTY AWARDS. PART X, LINE 2: SCHEDULE D, PART X, LINE 2 AS OF JUNE 30, 2024 AND 2023, MANAGEMENT DETERMINED THAT THE COLLEGE HAS NO MATERIAL UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE RECOGNITION OR DISCLOSURRE IN ITS FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: RECLASS OF SCHOLARSHIPS -2,092,924. PART XI, LINE 4B - OTHER ADJUSTMENTS: GOVERNMENT GRANT ADJUSTMENT 3,042,042. PART XII, LINE 2D - OTHER ADJUSTMENTS: GOVERNMENT GRANT ADJUSTMENT -3,042,042. PART XII, LINE 4B - OTHER ADJUSTMENTS: RECLASS OF SCHOLARSHIPS 2,092,924. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 PEIRCE COLLEGE IS AN EQUAL OPPORTUNITY INSTITUTION. THE COLLEGE IS COMMITTED TO ENSURING EQUAL OPPORTUNITY IN ALL EMPLOYMENT DECISIONS, POLICIES AND PRACTICES, AND IN CONNECTION WITH ALL EDUCATIONAL PROGRAMS AND ACTIVITIES, INCLUDING BUT NOT LIMITED TO RECRUITMENT, ADMISSIONS, ACCESS TO PROGRAMS AND COURSE OFFERINGS, COUNSELING, FINANCIAL AID AND SCHOLARSHIPS, EMPLOYMENT, USE OF FACILITIES, AND COLLEGE-SPONSORED EXTRACURRICULAR ACTIVITIES. THE COLLEGE WILL NOT ENGAGE IN OR TOLERATE UNLAWFUL DISCRIMINATION, HARASSMENT, OR RETALIATION ON THE BASIS OF RACE, GENDER, ETHNICITY, RELIGION, A RELIGIOUS GROUP'S ACTUAL OR PERCEIVED SHARED ANCESTRY OR ETHNIC CHARACTERISTICS, AGE, NATIONAL ORIGIN, COLOR, DISABILITY, MARITAL STATUS, FAMILIAL STATUS, VETERAN STATUS, ANCESTRY, GENETIC CHARACTERISTICS, PREGNANCY, CHILDBIRTH, OR MEDICAL CONDITIONS RELATED TO PREGNANCY OR CHILDBIRTH, CREED, CITIZENSHIP, SEXUAL ORIENTATION, GENDER IDENTITY OR EXPRESSION, MILITARY STATUS OR ANY OTHER PROTECTED CLASSIFICATIONS IN ITS EMPLOYMENT, ADMISSIONS PROGRAMS AND ACTIVITIES AS REQUIRED BY TITLE IX OF THE EDUCATIONAL AMENDMENTS OF 1972, THE AMERICANS WITH DISABILITY ACT OF 1990, SECTON 504 OF THE REHABILITATION ACT OF 1973, TITLE VII OF THE CIVIL RIGHTS ACT OF 1964, THE AGE DISCRIMINATION ACT OF 1975, AND OTHER APPLICABLE STATUTES AND COLLEGE POLICIES. THE COLLEGE'S POLICY ON EQUAL OPPORTUNITY SUPPORTS AND IS CONSISTENT WITH THE COLLEGE'S COMMITMENT TO DIVERSITY, EQUITY , INCLUSION AND BELONGING. SCHEDULE E, PART I, LINE 6 GOVERNMENT ASSISTANCE: PEIRCE COLLEGE RECEIVED ASSISTANCE FROM THE U.S. DEPARTMENT OF EDUCATION FOR THE FOLLOWING PROGRAMS: FEDERAL PELL GRANT, FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANT, FEDERAL WORK STUDY, STRENGTHENING MINORITY SERVING INSTITUTIONS (PBI COMPETITIVE), HIGHER EDUCATION-INSTITUTIONAL AID (PBI FORMULA), AND CAREER & TECHNICAL EDUCATION GRANT. PEIRCE COLLEGE ALSO RECEIVED A PENNYSLVANIA HIGHER EDUCATION ASSISTANCE AGENCY GRANT FOR STUDENTS AND AN INSTITUTIONAL ASSISTANCE GRANT. 1 FEDERAL PELL GRANT 682 2224646 SCHOLARSHIPS 1083 2092924 PHEAA STATE GRANT 258 817396 FELLOWSHIPS 249 219932 PART I, LINE 2: PROCEDURE FOR MONITORING USE OF GRANT FUNDS INSIDE U.S.: ALL FINANCIAL AID GRANTS ARE USED FOR THE INTENDED PURPOSE WHICH IS TO PROVIDE AID TO STUDENTS WITH FINANCIAL NEED TO COVER THE STUDENT'S COST OF ATTENDANCE. THESE GRANTS INCLUDE FEDERAL PELL GRANTS, AND STATE PHEAA GRANTS. THE COLLEGE ALSO PROVIDES INSTITUTIONAL AND DONOR RESTRICTED GRANTS TO ELIGIBLE STUDENTS. THE GRANTS ARE AWARDED AND POSTED TO THE ELIGIBLE STUDENT'S ACCOUNTS BY THE FINANCIAL AID OFFICE ON A MONTHLY BASIS. THE FINANCIAL AID OFFICE COMPLIES WITH THE U.S. DEPARTMENT OF EDUCATION GUIDELINES AS WELL AS ANY DONOR RESTRICTIONS. THE FINANCIAL AID OFFICE REPORTS STUDENT GRANT AWARDS TO THE U.S DEPARTMENT OF EDUCATION AND PHEAA THROUGHOUT THE YEAR AND ALSO SUBMITS THE REQUIRED ANNUAL FISAP REPORT TO THE U.S. DEPARTMENT OF EDUCATION. ANNUALLY, THE COLLEGE'S EXTERNAL INDEPENDENT AUDITOR ISSUES THE FINANCIAL STATEMENT AND REPORT OF INDEPENDENT CERTIFIED PUBLIC ACCOUNTANTS AS REQUIRED BY TITLE 2 U.S. CODE OF FEDERAL REGULATIONS PART 200, UNIFORM ADMINISTRATIVE REQUIREMENTS, COST PRINCIPLES, AND AUDIT REQUIREMENTS FOR FEDERAL AWARDS AND GOVERNMENT AUDITING STANDARDS. X X X X 0 0 0 0 0 0 0 0 0 DR MARY ELLEN CARO PRESIDENT AND CEO 371975 0 93750 0 12669 0 19800 0 13659 0 511853 0 0 0 DR RITA TOLIVER-ROBERTS PROVOST & VP ACADEMIC AFFAIRS 202489 0 20000 0 713 0 12412 0 29781 0 265395 0 0 0 ELIZABETH M KRAPP VP FINANCE/ADMIN & TREASURER 202458 0 20000 0 2036 0 12354 0 15435 0 252283 0 0 0 JOSEPH GUZZARDO CHIEF OF STAFF/MARKETING 187903 0 20000 0 654 0 11629 0 24341 0 244527 0 0 0 BRAD HODGE VP ENROLL/STUDENT SERVICES 179622 0 20000 0 388 0 10795 0 10298 0 221103 0 0 0 CARRIE ROBINSON AVP HUMAN RESOURCES/CHIEF DEI OFFICE 156958 0 0 0 535 0 9809 0 21912 0 189214 0 0 0 DR ADRIAN ZAPPALA THRU 52024 DEAN OF GRADUATE STUDIES 142193 0 0 0 281 0 8276 0 30639 0 181389 0 0 0 DR STEPHANIE DONOVAN ASSOCIATE PROVOST 147893 0 0 0 294 0 8659 0 20303 0 177149 0 0 0 DEBRA SCHRAMMEL ASSISTANT VP, INSTITUTIONAL ASSESSME 147022 0 0 0 4139 0 8969 0 12048 0 172178 0 0 0 JAMES BURNS CHIEF INFORMATION OFFICER 153160 0 0 0 1413 0 9162 0 6821 0 170556 0 0 0 LAND AND BUILDINGS 2024-03-01 11500000 SALE PRICE 992028729 DAJ PINE LLC 2517 W GRAND AVENUE SECOND F PHILADELPHIA PA 19130 LLC 0 0 0 0 FORM 990, SCHEDULE N, PART II ON MARCH 1, 2024, THE COLLEGE SOLD ITS LAND AND BUILDINGS LOCATED AT 1420-1434 PINE STREET IN PHILADELPHIA FOR A PURCHASE PRICE OF $11,500,000 TO AN UNRELATED THIRD PARTY. FORM 990, PART I LINE 1: DESCRIPTION OF ORGANIZATION MISSION: PEIRCE COLLEGE IS A PRIVATE ACCREDITED INSTITUTUTION OFFERING CERTICATES/ASSOCIATE/BACHELOR/MASTER DEGREES IN CAREER ORIENTED PROGRAMS GEARED TOWARDS ADULT LEARNERS. FORM 990, PART III, LINE 1 ORGANIZATION'S MISSION: PEIRCE COLLEGE EMPOWERS ADULT LEARNERS TO IMPROVE THEIR LIVES BY ACHIEVING CAREER GOALS THROUGH ACADEMIC OFFERINGS ALIGNED WITH EVOLVING WORKFORCE NEEDS. FORM 990, PART III, LINE 4A PROGRAM SERVICE: FOUNDED IN 1865, PEIRCE COLLEGE IS A PRIVATE INSTITUTION PROVIDING PRACTICAL LEADING-EDGE CURRICULA TO PRIMARILY WORKING ADULT LEARNERS. THE COLLEGE AWARDS MASTER, BACHELOR, AND ASSOCIATE DEGREES AS WELL AS CERTIFICATES IN BUSINESS, HEALTH CARE, INFORMATION TECHNOLOGY, LIBERAL STUDIES AND LEGAL STUDIES. PEIRCE COLLEGE IS ACCREDITED BY THE MIDDLE STATES COMMISSION ON HIGHER EDUCATION. THE BACHELOR OF SCIENCE, ASSOCIATE OF SCIENCE AND THE CERTIFICATE OF PROFICIENCY IN PARALEGAL STUDIES ARE RECOGNIZED AND APPROVED BY THE AMERICAN BAR ASSOCIATION (ABA). THE ACCREDITATION COUNCIL FOR BUSINESS SCHOOLS AND PROGRAMS (ACBSP) ACCREDITS PEIRCE COLLEGE'S BACHELOR, ASSOCIATE AND CERTIFICATES OF PROFICIENCY IN BUSINESS ADMINISTRATION AND ACCOUNTING. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WAS PREPARED BY A NATIONALLY RENOWNED PROFESSIONAL SERVICES FIRM IN CONJUNCTION WITH THE ORGANIZATION'S FINANCIAL DEPARTMENT. THE FORM IS THEN SUBMITTED TO AN AUDIT, RISK & COMPLIANCE MANAGEMENT COMMITTEE OF THE BOARD FOR APPROVAL. A COPY OF THE DRAFT 990 IS THEN CIRCULATED TO THE FULL BOARD OF TRUSTEES FOR DISCUSSION AND COMMENT ON THE INFORMATION CONTAINED IN THE 990 PRIOR TO ITS FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST POLICY MONITORING & ENFORCEMENT: ANNUALLY THE COLLEGE REQUIRES EACH EMPLOYEE, INCLUDING THE PRESIDENT/CEO AND OTHER KEY EMPLOYEES, TO COMPLETE AND SIGN A CONFLICT OF INTEREST QUESTIONNAIRE TO DETERMINE IF THE EMPLOYEE HAS A RELATIONSHIP, FINANCIAL INTEREST OR BUSINESS AFFILIATION THAT COULD RESULT IN A CONFLICT OF INTEREST. EMPLOYEES ARE REQUIRED TO UPDATE THEIR DISCLOSURES IF AT ANY TIME THEIR CIRCUMSTANCES CHANGE. THESE QUESTIONNAIRES ARE RETURNED TO HUMAN RESOURCES FOR REVIEW TO DETERMINE IF ANY FURTHER ACTION IS REQUIRED. ANNUALLY THE COLLEGE REQUIRES EACH TRUSTEE, INCLUDING TRUSTEE OFFICERS, TO COMPLETE AND SIGN A CONFLICT OF INTEREST QUESTIONNAIRE TO DETERMINE IF THE TRUSTEE HAS A RELATIONSHIP, FINANCIAL INTEREST OR BUSINESS AFFILIATION THAT COULD RESULT IN A CONFLICT OF INTEREST. TRUSTEES ARE REQUIRED TO UPDATE THEIR DISCLOSURE IF AT ANY TIME THEIR CIRCUMSTANCES CHANGE. THESE QUESTIONNAIRES ARE RETURNED TO THE BOARD SECRETARY FOR REVIEW BY THE OFFICE OF THE PRESIDENT TO DETERMINE IF ANY FURTHER ACTION IS REQUIRED. IF A POTENTIAL CONFLICT OF INTEREST IS IDENTIFIED, THE FOLLOWING PROCEDURES ARE FOLLOWED: (A) AN INTERESTED PERSON MAY PARTICIPATE IN A BOARD OR COMMITTEE MEETING, BUT AFTER THE PRESENTATION, HE/SHE SHALL LEAVE THE MEETING DURING THE DISCUSSION OF, AND THE VOTE ON, THE BUSINESS RELATIONSHIP INVOLVING THE POSSIBLE CONFLICT OF INTEREST. (B) THE CHAIR PERSON OF THE BOARD OR COMMITTEE SHALL, IF APPROPRIATE, APPOINT A DISINTERESTED PERSON OR COMMITTEE TO INVESTIGATE ALTERNATIVES TO THAT PROPOSED BUSINESS RELATIONSHIP. (C) AFTER EXERCISING DUE DILIGENCE, THE BOARD OR COMMITTEE SHALL DETERMINE WHETHER THE COLLEGE CAN OBTAIN WITH REASONABLE EFFORTS A MORE ADVANTAGEOUS BUSINESS RELATIONSHIP FROM A PERSON OR ENTITY THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST. (D) IF A MORE ADVANTAGEOUS BUSINESS RELATIONSHIP IS NOT REASONABLY POSSIBLE UNDER CIRCUMSTANCES NOT PRODUCING A CONFLICT OF INTEREST, THE BOARD OR COMMITTEE SHALL DETERMINE BY A MAJORITY VOTE OF THE DISINTERESTED TRUSTEES IF THE BUSINESS RELATIONSHIP IS IN THE COLLEGE'S BEST INTEREST, FOR ITS OWN BENEFIT, AND IF IT IS FAIR AND REASONABLE. BASED ON THAT DETERMINATION, THE BOARD OR COMMITTEE WILL DECIDE WHETHER OR NOT TO ENTER INTO THE BUSINESS RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 15 PROCESS FOR DETERMINING COMPENSATION. THE COMPENSATION FOR THE PRESIDENT WAS DETERMINED BASED ON THE DATA FROM OTHER COLLEGES AND UNIVERSITIES. THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES REVIEWS THAT DATA TO DETERMINE APPROPRIATE COMPENSATION, AND THE DECISION IS CONTEMPORANEOUSLY DOCUMENTED IN THE MEETING MINUTES. ANNUALLY, THE BOARD OF TRUSTEES REVIEWS THE PRESIDENT'S PERFORMANCE AND COMPENSATION. DETERMINATION FOR THE KEY EMPLOYEES WAS DETERMINED BY LOCAL AND REGIONAL MARKET SURVEYS AND INFORMATION AND DATA FROM LOCAL AND REGIONAL PUBLICATIONS. THIS INFORMATION, ALONG WITH INTERNAL EQUITY, DETERMINE THE BASIS FOR A HIRE-IN SALARY OF KEY EMPLOYEES, ANNUALLY, KEY EMPLOYEES ARE EVALUATED BY THE PRESIDENT USING A PERFORMANCE REVIEW, WHICH IS THE STANDARD REVIEW USED BY ALL EMPLOYEES THROUGHOUT THE COLLEGE. THIS PROCESS ALSO DETERMINES THE PERCENT OF MERIT INCREASES RECEIVED. THE MERIT INCREASE PERCENTAGES ARE DETERMINED AS PART OF THE BUDGET PROCESS, AND THE LEVEL OF PERCENTAGE INCREASES GIVEN TO THE KEY EMPLOYEES IS BASED ON THE SCORING OUTCOME OF THEIR PERFORMANCE REVIEW. FORM 990, PART VI, SECTION C, LINE 19 HOW DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC: THE COLLEGE MAKES ITS FORM 990 AVAILABLE TO THE PUBLIC BY RESERVING A COPY AT ITS PLACE OF BUSINESS. THE FORM 990 IS LIKEWISE PUBLISHED ON THE INTERNET AT WWW.GUIDESTAR.ORG. PEIRCE COLLEGE MAKES ITS CONFLICT OF INTEREST POLICY, GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC TO THE EXTENT REQUIRED BY LAW. PEIRCE PREFERRED MEMBER LLC 1608 WALNUT STREET SUITE 1900 PHILADELPHIA PA 19103 991278056 EQUITY INVESTMENT PA 150000 3900000 PEIRCE COLLEGE