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ALBRIGHT COLLEGE: Form 990, tax year 2021

View the entire original 990 at ProPublica ↗

Organization
ALBRIGHT COLLEGE (EIN 23-1352615)
Tax period
2021-06-01 to 2022-05-31
Filed
2023-04-18
IRS object ID
202301089349301020
Schema version
2021v4.2
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2023-04-18T11:18:15-05:00ReturnTs
Tax Period End2022-05-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN390859910PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1BAKER TILLY US LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line11570 FRUITVILLE PIKE SUITE 400AddressLine1Txt
CityLANCASTERCityNm
State AbbreviationPAStateAbbreviationCd
ZIP17601ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2021-06-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN231352615EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1ALBRIGHT COLLEGEBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlALBRBusinessNameControlTxt
Phone6109217749PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line113TH BERN STREETS PO BOX 15234AddressLine1Txt
CityREADINGCityNm
State AbbreviationPAStateAbbreviationCd
ZIP196125234ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonJEFFREY L STRADERPersonNm
Person TitleVP, FINANCE/STRAT. PTNPersonTitleTxt
Phone6109217749PhoneNum
Signature2023-04-18SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstJEFFREYPersonFirstNm
Person LastSTRADERPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonKERRI N BOGDA CPAPreparerPersonNm
PTINP00760402PTIN
Phone7177404863PhoneNum
Preparation2023-04-13PreparationDt
Self EmployedYes (X)SelfEmployedInd

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer3TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2021TaxYr
Build TS2023-04-26 12:10:37ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerJACQUELYN S FETROWPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line113TH BERN STREETS PO BOX 15234AddressLine1Txt
CityREADINGCityNm
State AbbreviationPAStateAbbreviationCd
ZIP196125234ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$77,790,600GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.ALBRIGHT.EDUWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1928FormationYr
Legal Domicile StatePALegalDomicileStateCd
Activity Or MissionPROMOTING A COMMITMENT TO LIFELONG LEARNING WITH A FOUNDATION IN THE LIBERAL ARTS.ActivityOrMissionDesc
Voting Members Governing Body32VotingMembersGoverningBodyCnt
Voting Members Independent31VotingMembersIndependentCnt
Total Employee984TotalEmployeeCnt
Total Volunteers92TotalVolunteersCnt
Total Gross UBI$356,214TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$11,946,403PYContributionsGrantsAmt
CY Contributions Grants$16,593,250CYContributionsGrantsAmt
PY Program Service Revenue$48,748,368PYProgramServiceRevenueAmt
CY Program Service Revenue$47,617,636CYProgramServiceRevenueAmt
PY Investment Income$3,574,911PYInvestmentIncomeAmt
CY Investment Income$7,224,008CYInvestmentIncomeAmt
PY Other Revenue$1,520,224PYOtherRevenueAmt
CY Other Revenue$1,686,860CYOtherRevenueAmt
PY Total Revenue$65,789,906PYTotalRevenueAmt
CY Total Revenue$73,121,754CYTotalRevenueAmt
PY Grants And Similar Paid$20,469,992PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$22,909,691CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$27,374,786PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$27,405,023CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$1,820,223CYTotalFundraisingExpenseAmt
PY Other Expenses$23,621,766PYOtherExpensesAmt
CY Other Expenses$27,386,956CYOtherExpensesAmt
PY Total Expenses$71,466,544PYTotalExpensesAmt
CY Total Expenses$77,701,670CYTotalExpensesAmt
PY Revenues Less Expenses-$5,676,638PYRevenuesLessExpensesAmt
CY Revenues Less Expenses-$4,579,916CYRevenuesLessExpensesAmt
Total Assets BOY$220,101,715TotalAssetsBOYAmt
Total Assets EOY$210,751,210TotalAssetsEOYAmt
Total Liabilities BOY$93,564,219TotalLiabilitiesBOYAmt
Total Liabilities EOY$94,098,991TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$126,537,496NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$116,652,219NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionAS A DIVERSE COMMUNITY OF LEARNERS, WE CULTIVATE INTEGRITY, CURIOSITY, CONNECTION AND RESILIENCE.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$64,346,437ExpenseAmt
Grant$22,909,691GrantAmt
Revenue$47,660,100RevenueAmt
DescNAMED A TOP NATIONAL COLLEGE BY WALL STREET JOURNAL/TIMES HIGHER EDUCATION, ALBRIGHT COLLEGE (FOUNDED 1856) IS HOME TO A DIVERSE COMMUNITY OF LEARNERS WHO CULTIVATE INTEGRITY, CURIOSITY, CONNECTION AND RESILIENCE. THROUGH LEARNING EXPERIENCES THAT ENGAGE A STUDENT'S CREATIVE AND INNOVATIVE CAPACITIES ACROSS ALL DISCIPLINES, BOTH INSIDE AND OUTSIDE OF THE CLASSROOM, AN ALBRIGHT COLLEGE EDUCATION GUARANTEES THAT EACH STUDENT LEARNS HOW TO ENGAGE THE WORLD, UNDERSTAND THE WORLD, AND IS PREPARED TO MAKE AN IMPACT ON A RAPIDLY CHANGING WORLD. LOCATED IN READING, PA., ALBRIGHT IS HOME TO UNDERGRADUATE STUDENTS, ADULT LEARNERS AND GRADUATE STUDENTS.ALBRIGHT STUDENTS ARE CHALLENGED TO SEE THE WORLD IN DIFFERENT WAYS BY PROFESSORS WHO ARE DEDICATED MENTORS AND EXPERTS IN THEIR FIELDS. AND WITH A CLOSE-KNIT COMMUNITY LIKE ALBRIGHT, PROFESSORS KNOW STUDENTS ON AN INDIVIDUAL BASIS. IN FACT, MANY STUDENTS WORK ONE-ON-ONE WITH FACULTY MENTORS THROUGH PROGRAMS LIKE THE ALBRIGHT CREATIVE RESEARCH EXPERIENCE AND FACULTY-LED TRAVEL. ALBRIGHT HAS A LONG HISTORY IN PRE-PROFESSIONAL PREPARATION, BOASTING A 90% ACCEPTANCE RATE TO MEDICAL SCHOOL.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 33 PERCENT OF UNDERGRADUATES PARTICIPATE ON ALBRIGHT'S 24 VARSITY ATHLETIC TEAMS FOR WHICH THE QUALITY OF THE EDUCATIONAL EXPERIENCE AND SUCCESSFUL DEGREE COMPLETION ARE PRIORITIES. AND ALBRIGHT'S FOUR-YEAR SHARED COMMUNITY LIVING EXPERIENCE AIMS TO ENHANCE STUDENTS' SOCIAL, INTELLECTUAL AND INTERPERSONAL GROWTH, RESULTING IN BETTER GRADES AND OUTCOMES.ALBRIGHT'S SCHOOL OF PROFESSIONAL STUDIES OFFERS ACCELERATED BACHELOR'S DEGREES FOR POST-TRADITIONAL LEARNERS, ONLINE DEGREE PROGRAMS, CERTIFICATES AND MASTER'S DEGREES IN EDUCATION, BUSINESS, APPLIED PSYCHOLOGY AND ATHLETIC LEADERSHIP.AFTER GRADUATION, MEDIAN INCOME LEVELS OF ALBRIGHT ALUMNI OUTPACE THE EARNINGS OF GRADUATES FROM MOST OTHER PRIVATE AND PUBLIC COLLEGES. ALBRIGHT GRADUATES GAIN DEEP PROBLEM SOLVING SKILLS TO GO CONFIDENTLY INTO ANY CAREER AND DISCOVER THEIR FULL POTENTIAL.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:- BEST COLLEGES IN THE NORTHEAST - PRINCETON REVIEW- TOP 14 NATIONAL LIBERAL ARTS COLLEGE PERFORMER ON SOCIAL MOBILITY - U.S. NEWS & WORLD REPORT- TOP NATIONAL LIBERAL ARTS COLLEGE - U.S. NEWS & WORLD REPORT- BEST COLLEGES FOR FINANCIAL AID - LENDEDU- TOP NATIONAL AND NORTHEAST COLLEGE - WALL STREET JOURNAL/TIMES HIGHER EDUCATIONDesc
Total Program Service Expenses$64,346,437TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of ArtYes (1)CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi EndowmentsYes (1)DonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other SecYes (1)ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other AssetsYes (1)ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt0IndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtYes (1)ConsolidatedAuditFinclStmtInd
School OperatingYes (1)SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign ActivitiesYes (1)ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising ActivitiesYes (1)FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To IndividualsYes (1)GrantsToIndividualsInd
Schedule J RequiredYes (1)ScheduleJRequiredInd
Tax Exempt BondsYes (1)TaxExemptBondsInd
Invest Tax Exempt Bonds0InvestTaxExemptBondsInd
Escrow Account0EscrowAccountInd
On Behalf Of Issuer0OnBehalfOfIssuerInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related PersonYes (1)GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl EntYes (1)BusinessRlnWith35CtrlEntInd
Deductible Non Cash ContriYes (1)DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related EntityYes (1)RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document2248IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Employee984EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over LimitYes (1)UnrelatedBusIncmOverLimitInd
Form990 T FiledYes (1)Form990TFiledInd
Foreign Financial AccountYes (1)ForeignFinancialAccountInd
Foreign CountryGKForeignCountryCd
Foreign CountryCSForeignCountryCd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo ContributionsYes (1)QuidProQuoContributionsInd
Quid Pro Quo Contri DisclYes (1)QuidProQuoContriDisclInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members32GoverningBodyVotingMembersCnt
Independent Voting Member31IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesYes (1)DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEOYes (1)CompensationProcessCEOInd
Compensation Process OtherYes (1)CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldPAStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1JEFFREY L STRADERBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone6109217749PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line113TH BERN STREETS PO BOX 15234AddressLine1Txt
CityREADINGCityNm
State AbbreviationPAStateAbbreviationCd
ZIP196125234ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (46 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtAverage Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtHighest Compensated EmployeeHighestCompensatedEmployeeInd
JACQUELYN S FETROW PHD
PRESIDENT39.750.25Yes (X)Yes (X)$323,283$0$58,840
RONALD SCHEESE
CHAIR1.00Yes (X)Yes (X)$0$0$0
TIFFENIA D ARCHIE
VICE CHAIR1.00Yes (X)Yes (X)$0$0$0
ROSS D MILLER ESQ
SECRETARY1.00Yes (X)Yes (X)$0$0$0
TED C ABRAMS
TRUSTEE1.00Yes (X)$0$0$0
SUZANNE E ANDERSON MED PCC
TRUSTEE1.00Yes (X)$0$0$0
DAWN J ANUSZKIEWICZ
TRUSTEE1.00Yes (X)$0$0$0
THOMAS A CHAVES
TRUSTEE1.00Yes (X)$0$0$0
STEPHANIE DUPAUL EDD
TRUSTEE1.00Yes (X)$0$0$0
ROBERT M FORD
TRUSTEE1.00Yes (X)$0$0$0
BENEDETTO FRANCO
TRUSTEE1.00Yes (X)$0$0$0
KATHLEEN J GRANT MD
TRUSTEE1.00Yes (X)$0$0$0
JEFFREY W GRIFFITHS
TRUSTEE1.00Yes (X)$0$0$0
JOSEPHINE A GRUBER
TRUSTEE1.00Yes (X)$0$0$0
KRISTINE HAZZARD
TRUSTEE1.00Yes (X)$0$0$0
DANIEL B HUYETT ESQ
TRUSTEE1.00Yes (X)$0$0$0
ROBIN M HYNICKA
TRUSTEE1.00Yes (X)$0$0$0
SCOTT KEATON CPA
TRUSTEE1.00Yes (X)$0$0$0
KENNETH S LAKIN
TRUSTEE1.00Yes (X)$0$0$0
MICHAEL D LISS CPA
TRUSTEE1.00Yes (X)$0$0$0
KAREN A MARRONGELLE PHD
TRUSTEE1.00Yes (X)$0$0$0
JOHN P MCALLISTER
TRUSTEE1.00Yes (X)$0$0$0
WC JACK MILLER
TRUSTEE1.00Yes (X)$0$0$0
DEBORAH ST CLAIR RADWANSKI PHD
TRUSTEE1.00Yes (X)$0$0$0
MICHAEL H REESE
TRUSTEE1.00Yes (X)$0$0$0
JEFFREY T RIGG CPA
TRUSTEE1.00Yes (X)$0$0$0
MICHAEL D SCALES
TRUSTEE1.00Yes (X)$0$0$0
JORGE J SCHEIRER MD
TRUSTEE1.00Yes (X)$0$0$0
JOHN SCHULTZ ESQ
TRUSTEE1.00Yes (X)$0$0$0
NANCY G SHORES JD
TRUSTEE1.00Yes (X)$0$0$0
PETER D STANISLAWCZYK
TRUSTEE1.00Yes (X)$0$0$0
CHARNITA ZEIGLER-JOHNSON PHD
TRUSTEE1.00Yes (X)$0$0$0
DWAYNE L WALKER
VP - ENROLLMENT MGT40.00Yes (X)$162,846$0$29,347
WENDY K PARSONS
VP- ADVANCEMENT40.00Yes (X)$169,556$0$30,926
JEFFREY L STRADER
VP, FINANCE/STRAT. PTN40.00Yes (X)$163,422$0$27,625
KAREN CAMPBELL
SR. VP FOR ACADEMIC AFFAIRS40.00Yes (X)$142,819$0$15,751
SAMANTHA WESNER
SR. VP-STUD. & CAMP. LIFE40.00Yes (X)$129,746$0$15,254
JASON U HOERR
VP, DIGITAL STRAT./INFRAS.40.00Yes (X)$92,908$0$40,417
JENNIFER STOUDT
VP FOR COMMUNICATIONS40.00Yes (X)$93,947$0$13,405
RICHARD FERRY
CO-DIR., ATHLETICS40.00Yes (X)$75,567$0$21,209
JANICE LUCK
CO-DIR., ATHLETICS40.00Yes (X)$78,043$0$15,544
JOSHUA WILLIAMSON
COLLEGE PHYSICIAN40.00$116,560$0$28,250Yes (X)
RODNEY WARFIELD
PROF. OF EDUCATION40.00$124,335$0$13,364Yes (X)
ANTHONY MERLINO
ASSOCIATE DEAN40.00$112,424$0$16,228Yes (X)
BRENDA INGRAM-WALLACE
ASSOC. PROF. OF PSYCH.40.00$123,920$0$14,556Yes (X)
KAREN JORGAN
PROF. OF SPANISH40.00$107,772$0$13,271Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$2,017,148TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$353,987TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K14IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (1)TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (5 entries)

Address Line1ContractorAddress/USAddress/AddressLine1TxtCityContractorAddress/USAddress/CityNmState AbbreviationContractorAddress/USAddress/StateAbbreviationCdZIPContractorAddress/USAddress/ZIPCdServicesServicesDescCompensationCompensationAmt
ARAMARK CORPORATION
131 S DEARBORN 6TH FLCHICAGOIL60603FOOD SVC PROVIDER$2,681,947
EAB GLOBAL INC
PO BOX 603519CHARLOTTENC282603519RECRUITING SERVICE$584,237
TYCO FIRE & SECURITY (US) MANAGEMENT IN
290 CORPORATE DRIVEREADINGPA19605FIRE AND SAFETY$188,032
KOZLOFF STOUDT PC
2640 WESTVIEW DRWYOMISSINGPA19610LEGAL SERVICES$179,448
WEIDENHAMMER SYSTEMS CORP
935 BERKSHIRE BLVDREADINGPA19610IT SERVICES$173,402
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K40CntrctRcvdGreaterThan100KCnt
Federated Campaigns$8,500FederatedCampaignsAmt
Fundraising$91,664FundraisingAmt
Government Grants$11,888,620GovernmentGrantsAmt
All Other Contributions$4,604,466AllOtherContributionsAmt
Noncash Contributions$169,842NoncashContributionsAmt
Total Contributions$16,593,250TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (4 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
TUITION AND FEES611710$35,391,026$35,391,026
AUX ENT - ROOM AND BOARD721310$11,995,778$11,995,778
STUDENT LOAN INTEREST AND FEES611710$146,928$146,928
AUX ENT - OTHER PROGRAM INCOME611710$83,904$83,904
FieldValueIRS element (for citing)
Total Program Service Revenue$47,617,636TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$3,817,294TotalRevenueColumnAmt
Unrelated Business Revenue$132,968UnrelatedBusinessRevenueAmt
Exclusion$3,684,326ExclusionAmt

Royalties Revenue RoyaltiesRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$548,575TotalRevenueColumnAmt
Exclusion$548,575ExclusionAmt

Gross Rents GrossRentsGrp

FieldValueIRS element (for citing)
Real$592,048RealAmt

Less Rental Expenses LessRentalExpensesGrp

FieldValueIRS element (for citing)
Real$92,834RealAmt

Rental Income Or Loss RentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Real$499,214RealAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column$499,214TotalRevenueColumnAmt
Unrelated Business Revenue$70,144UnrelatedBusinessRevenueAmt
Exclusion$429,070ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$7,976,345SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$4,569,631SecuritiesAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities$3,406,714SecuritiesAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$3,406,714TotalRevenueColumnAmt
Exclusion$3,406,714ExclusionAmt
FieldValueIRS element (for citing)
Fundraising Gross Income$25,413FundraisingGrossIncomeAmt
Contri Rpt Fundraising Event$91,664ContriRptFundraisingEventAmt
Fundraising Direct Expenses$6,381FundraisingDirectExpensesAmt

Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp

FieldValueIRS element (for citing)
Total Revenue Column$19,032TotalRevenueColumnAmt
Exclusion$19,032ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp (3 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmtUnrelated Business RevenueUnrelatedBusinessRevenueAmtExclusionExclusionAmt
ATHLETICS AND AQUATICS PROG900099$98,105$6,554$91,551
LATE PAYMENT FEES900099$82,753$82,753
FOOD SERVICE REVENUE722514$78,396$78,396

Miscellaneous Revenue MiscellaneousRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$360,785TotalRevenueColumnAmt
Related Or Exempt Func Income$35,910RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$61,551UnrelatedBusinessRevenueAmt
Exclusion$263,324ExclusionAmt
FieldValueIRS element (for citing)
Other Revenue Total$620,039OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$73,121,754TotalRevenueColumnAmt
Related Or Exempt Func Income$47,660,100RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$356,214UnrelatedBusinessRevenueAmt
Exclusion$8,512,190ExclusionAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$22,909,691TotalAmt
Program Services$22,909,691ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$1,706,554TotalAmt
Program Services$628,443ProgramServicesAmt
Management And General$996,391ManagementAndGeneralAmt
Fundraising$81,720FundraisingAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$19,883,272TotalAmt
Program Services$14,454,821ProgramServicesAmt
Management And General$4,494,966ManagementAndGeneralAmt
Fundraising$933,485FundraisingAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$900,820TotalAmt
Program Services$657,049ProgramServicesAmt
Management And General$201,510ManagementAndGeneralAmt
Fundraising$42,261FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$3,313,749TotalAmt
Program Services$2,395,208ProgramServicesAmt
Management And General$761,557ManagementAndGeneralAmt
Fundraising$156,984FundraisingAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$1,600,628TotalAmt
Program Services$1,107,830ProgramServicesAmt
Management And General$418,194ManagementAndGeneralAmt
Fundraising$74,604FundraisingAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$128,650TotalAmt
Management And General$128,650ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$103,000TotalAmt
Management And General$103,000ManagementAndGeneralAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

FieldValueIRS element (for citing)
Total$59,215TotalAmt
Management And General$59,215ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$2,083,895TotalAmt
Program Services$643,528ProgramServicesAmt
Management And General$1,376,327ManagementAndGeneralAmt
Fundraising$64,040FundraisingAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$872,129TotalAmt
Program Services$369,175ProgramServicesAmt
Management And General$502,954ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$1,207,023TotalAmt
Program Services$983,139ProgramServicesAmt
Management And General$129,386ManagementAndGeneralAmt
Fundraising$94,498FundraisingAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$569,479TotalAmt
Program Services$307,712ProgramServicesAmt
Management And General$261,767ManagementAndGeneralAmt

Royalties RoyaltiesGrp

FieldValueIRS element (for citing)
Total$620TotalAmt
Program Services$620ProgramServicesAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$3,554,770TotalAmt
Program Services$3,455,241ProgramServicesAmt
Management And General$82,158ManagementAndGeneralAmt
Fundraising$17,371FundraisingAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$395,507TotalAmt
Program Services$329,705ProgramServicesAmt
Management And General$42,001ManagementAndGeneralAmt
Fundraising$23,801FundraisingAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$42,269TotalAmt
Program Services$37,095ProgramServicesAmt
Management And General$5,174ManagementAndGeneralAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$2,328,923TotalAmt
Program Services$2,166,131ProgramServicesAmt
Management And General$134,379ManagementAndGeneralAmt
Fundraising$28,413FundraisingAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$7,184,424TotalAmt
Program Services$6,682,233ProgramServicesAmt
Management And General$414,541ManagementAndGeneralAmt
Fundraising$87,650FundraisingAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$950,127TotalAmt
Program Services$888,958ProgramServicesAmt
Management And General$50,493ManagementAndGeneralAmt
Fundraising$10,676FundraisingAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmtFundraisingFundraisingAmt
FOOD SERVICES$2,361,303$2,361,303
RECRUITMENT$676,305$676,305
EMPL./STUDENT EXPENSES$518,497$222,143$265,855$30,499
BOOKS, PERIODICALS, ETC$268,578$262,739$198$5,641

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$4,082,242TotalAmt
Program Services$2,807,368ProgramServicesAmt
Management And General$1,106,294ManagementAndGeneralAmt
Fundraising$168,580FundraisingAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$77,701,670TotalAmt
Program Services$64,346,437ProgramServicesAmt
Management And General$11,535,010ManagementAndGeneralAmt
Fundraising$1,820,223FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$175,757BOYAmt
EOY$522,005EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$10,732,542BOYAmt
EOY$2,935,011EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$3,312,098BOYAmt
EOY$10,826,872EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$1,527,270BOYAmt
EOY$1,355,290EOYAmt

Inventories For Sale Or Use InventoriesForSaleOrUseGrp

FieldValueIRS element (for citing)
BOY$328,446BOYAmt
EOY$371,699EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$1,287,345BOYAmt
EOY$1,553,803EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$189,678,033LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$114,005,732LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$76,938,331BOYAmt
EOY$75,672,301EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$56,127,721BOYAmt
EOY$46,200,481EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

FieldValueIRS element (for citing)
BOY$13,859,357BOYAmt
EOY$17,855,684EOYAmt

Investments Program Related InvestmentsProgramRelatedGrp

FieldValueIRS element (for citing)
BOY$4,470,643BOYAmt
EOY$3,785,454EOYAmt

Intangible Assets IntangibleAssetsGrp

FieldValueIRS element (for citing)
BOY$34,586,172BOYAmt
EOY$33,393,545EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$16,756,033BOYAmt
EOY$16,279,065EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$220,101,715BOYAmt
EOY$210,751,210EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$10,474,595BOYAmt
EOY$12,520,640EOYAmt

Grants Payable GrantsPayableGrp

FieldValueIRS element (for citing)
BOY$2,792,214BOYAmt
EOY$2,236,618EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$1,120,000BOYAmt
EOY$2,804,684EOYAmt

Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$37,134,880BOYAmt
EOY$35,670,259EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

FieldValueIRS element (for citing)
BOY$3,000,000BOYAmt
EOY$2,573,746EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$39,042,530BOYAmt
EOY$38,293,044EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$93,564,219BOYAmt
EOY$94,098,991EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$38,073,524BOYAmt
EOY$29,454,095EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$88,463,972BOYAmt
EOY$87,198,124EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$126,537,496BOYAmt
EOY$116,652,219EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$220,101,715BOYAmt
EOY$210,751,210EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part XIYes (X)InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss-$4,579,916ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst-$9,804,750NetUnrlzdGainsLossesInvstAmt
Prior Period Adjustments$4,185,581PriorPeriodAdjustmentsAmt
Other Changes In Net Assets$313,808OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Consolidated Basis Fincl StmtYes (X)ConsolidatedBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit RequiredYes (1)FederalGrantAuditRequiredInd
Federal Grant Audit PerformedYes (1)FederalGrantAuditPerformedInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
SchoolYes (X)SchoolInd

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$3,383,443CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$8,738,000CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$5,626,023CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$11,946,403CurrentTaxYearMinus1YearAmt
Current Tax Year$16,593,250CurrentTaxYearAmt
Total$46,287,119TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$3,383,443CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$8,738,000CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$5,626,023CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$11,946,403CurrentTaxYearMinus1YearAmt
Current Tax Year$16,593,250CurrentTaxYearAmt
Total$46,287,119TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$1,302,493SubstantialContributorsTotAmt
Public Support Total170$44,984,626PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$2,312,419CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$3,395,005CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$2,194,615CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$2,949,827CurrentTaxYearMinus1YearAmt
Current Tax Year$4,696,527CurrentTaxYearAmt
Total$15,548,393TotalAmt

Other Income170 OtherIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$557,329CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$966,108CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$597,324CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$271,857CurrentTaxYearMinus1YearAmt
Current Tax Year$449,886CurrentTaxYearAmt
Total$2,842,504TotalAmt
FieldValueIRS element (for citing)
Total Support$64,678,016TotalSupportAmt
Gross Receipts Rltd Activities$317,756,706GrossReceiptsRltdActivitiesAmt
Public Support CY1700.69550PublicSupportCY170Pct
Public Support PY1700.65920PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind

Form990 Schedule A Part VI Form990ScheduleAPartVIGrp

FieldValueIRS element (for citing)
Form And Line ReferenceSCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME:FormAndLineReferenceDesc
ExplanationALL OTHER REVENUE - 2017 AMOUNT: $ 557,329. 2018 AMOUNT: $ 966,108. 2019 AMOUNT: $ 597,324. 2020 AMOUNT: $ 271,857. 2021 AMOUNT: $ 449,886.ExplanationTxt

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

FieldValueIRS element (for citing)
Collection Used Pub ExhibitionYes (X)CollectionUsedPubExhibitionInd
Coll Used Scholarly RsrchYes (X)CollUsedScholarlyRsrchInd
Collection Used PreservationYes (X)CollectionUsedPreservationInd
Coll Used Loan Or Exch ProgYes (X)CollUsedLoanOrExchProgInd
Solicited Assets Sale0SolicitedAssetsSaleInd

CY Endwmt Fund CYEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$67,451,163BeginningYearBalanceAmt
Contributions$1,103,537ContributionsAmt
Investment Earnings Or Losses-$1,304,686InvestmentEarningsOrLossesAmt
Grants Or Scholarships$2,113,872GrantsOrScholarshipsAmt
Other Expenditures$1,298,538OtherExpendituresAmt
End Year Balance$63,837,604EndYearBalanceAmt

CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$54,844,527BeginningYearBalanceAmt
Contributions$767,565ContributionsAmt
Investment Earnings Or Losses$16,517,631InvestmentEarningsOrLossesAmt
Grants Or Scholarships$2,455,375GrantsOrScholarshipsAmt
Other Expenditures$2,223,185OtherExpendituresAmt
End Year Balance$67,451,163EndYearBalanceAmt

CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$58,865,085BeginningYearBalanceAmt
Contributions$1,153,703ContributionsAmt
Investment Earnings Or Losses$1,255,189InvestmentEarningsOrLossesAmt
Grants Or Scholarships$1,615,051GrantsOrScholarshipsAmt
Other Expenditures$4,814,399OtherExpendituresAmt
End Year Balance$54,844,527EndYearBalanceAmt

CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$57,545,229BeginningYearBalanceAmt
Contributions$4,141,433ContributionsAmt
Investment Earnings Or Losses$685,727InvestmentEarningsOrLossesAmt
Grants Or Scholarships$1,743,264GrantsOrScholarshipsAmt
Other Expenditures$1,764,040OtherExpendituresAmt
End Year Balance$58,865,085EndYearBalanceAmt

CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$56,513,049BeginningYearBalanceAmt
Contributions$355,679ContributionsAmt
Investment Earnings Or Losses$3,643,251InvestmentEarningsOrLossesAmt
Grants Or Scholarships$1,442,151GrantsOrScholarshipsAmt
Other Expenditures$1,524,599OtherExpendituresAmt
End Year Balance$57,545,229EndYearBalanceAmt
FieldValueIRS element (for citing)
Board Designated Balance EOY0.17200BoardDesignatedBalanceEOYPct
Prmnnt Endowment Balance EOY0.52200PrmnntEndowmentBalanceEOYPct
Term Endowment Balance EOY0.30600TermEndowmentBalanceEOYPct
Endowments Held Unrelated OrgYes (1)EndowmentsHeldUnrelatedOrgInd
Endowments Held Related Org0EndowmentsHeldRelatedOrgInd

Land LandGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$4,830,063OtherCostOrOtherBasisAmt
Book Value$4,830,063BookValueAmt

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$127,024,969OtherCostOrOtherBasisAmt
Depreciation$68,050,396DepreciationAmt
Book Value$58,974,573BookValueAmt

Leasehold Improvements LeaseholdImprovementsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$287,984OtherCostOrOtherBasisAmt
Depreciation$277,358DepreciationAmt
Book Value$10,626BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$44,580,040OtherCostOrOtherBasisAmt
Depreciation$36,890,106DepreciationAmt
Book Value$7,689,934BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$12,954,977OtherCostOrOtherBasisAmt
Depreciation$8,787,872DepreciationAmt
Book Value$4,167,105BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$75,672,301TotalBookValueLandBuildingsAmt

Other Securities OtherSecuritiesGrp (3 entries)

DescDescBook ValueBookValueAmtMethod ValuationMethodValuationCd
OFFSHORE HEDGE FUND$188,551F
DOMESTIC HEDGE FUNDS$17,616,991F
CENTRAL AMERICA INVESTMENT$50,142F
FieldValueIRS element (for citing)
Total Book Value Securities$17,855,684TotalBookValueSecuritiesAmt

Other Assets Org OtherAssetsOrgGrp (5 entries)

DescDescBook ValueBookValueAmt
ASSETS HELD IN TRUST BY OTHERS$12,943,428
OTHER RECEIVABLES$3,024,385
OTHER ASSETS$44,888
DUE FROM ALBRIGHT COLLEGE COSTA RICA$266,351
DEPOSITS HELD BY BOND TRUSTEES$13
FieldValueIRS element (for citing)
Total Book Value Other Assets$16,279,065TotalBookValueOtherAssetsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (6 entries)

DescDescAmtAmt
EARLY RETIREMENT$192,307
POST RETIREMENT HEALTHCARE BENEFITS$16,074
CHARITABLE GIFT ANNUITY CONTRACT LIAB$716,306
STUDENT DEPOSITS AND ADVANCE PAYMENTS$1,404,691
DEPOSITS HELD FOR OTHERS$578,689
CAPITAL LEASE OBLIGATION$35,384,977
FieldValueIRS element (for citing)
Total Liability$38,293,044TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$43,620,000TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst-$9,804,750NetUnrealizedGainsInvstAmt
Other Revenue-$19,502,921OtherRevenueAmt
Revenue Not Reported-$29,307,671RevenueNotReportedAmt
Revenue Subtotal$72,927,671RevenueSubtotalAmt
Other Revenues Not Included$194,083OtherRevenuesNotIncludedAmt
Revenue Not Reported Fincl Stmt$194,083RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$73,121,754TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$57,741,000TotExpnsEtcAuditedFinclStmtAmt
Other Expenses Included$149,357OtherExpensesIncludedAmt
Expenses Not Reported$149,357ExpensesNotReportedAmt
Expenses Subtotal$57,591,643ExpensesSubtotalAmt
Other Expenses Not Included$20,110,027OtherExpensesNotIncludedAmt
Expenses Not Rpt Fincl Stmt$20,110,027ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$77,701,670TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (8 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
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 2022 AND 2021. 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 -19,753,714. TUITION DISCOUNT -3,800. INVESTMENT EXPENSES -59,215. CHANGE IN VALUE OF ANNUITY CONTRACT AGREEMENTS 313,808.
PART XI, LINE 4B - OTHER ADJUSTMENTS:RENTAL EXPENSES -92,834. FUNDRAISING EVENT EXPENSES -6,381. PROGRAM EXPENSES NETTED AGAINST REVENUE 293,298.
PART XII, LINE 2D - OTHER ADJUSTMENTS:EXPENSES ATTRIBUTABLE TO THE COSTA RICA CORPORATION 50,142. RENTAL EXPENSES 92,834. FUNDRAISING EVENT EXPENSE 6,381.
PART XII, LINE 4B - OTHER ADJUSTMENTS:STUDENT AID 19,753,714. TUITION DISCOUNT 3,800. PROGRAM EXPENSES NETTED AGAINST REVENUE 293,298. INVESTMENT EXPENSES 59,215.

Schedule E IRS990ScheduleE

FieldValueIRS element (for citing)
Nondiscriminatory Policy StmtYes (1)NondiscriminatoryPolicyStmtInd
Policy Stmt In Brochures EtcYes (1)PolicyStmtInBrochuresEtcInd
Plcy Pblczd Via Broadcast Media0PlcyPblczdViaBroadcastMediaInd
Maintain Racial Comp RecsYes (1)MaintainRacialCompRecsInd
Maintain Scholarships RecsYes (1)MaintainScholarshipsRecsInd
Maintain Cpy Of Brochures EtcYes (1)MaintainCpyOfBrochuresEtcInd
Maintain Cpy Of All SolYes (1)MaintainCpyOfAllSolInd
Discriminate Race Stdnts Rghts0DiscriminateRaceStdntsRghtsInd
Discriminate Race Admiss Plcy0DiscriminateRaceAdmissPlcyInd
Discriminate Race Emplm Fculty0DiscriminateRaceEmplmFcultyInd
Discriminate Race Schs0DiscriminateRaceSchsInd
Discriminate Race Educ Plcy0DiscriminateRaceEducPlcyInd
Discriminate Race Use Of Fclts0DiscriminateRaceUseOfFcltsInd
Discriminate Race Athlt Prog0DiscriminateRaceAthltProgInd
Discriminate Race Other Acty0DiscriminateRaceOtherActyInd
Government Financial Aid RcvdYes (1)GovernmentFinancialAidRcvdInd
Government Financial Aid Rvkd0GovernmentFinancialAidRvkdInd
Compliance With Rev Proc7550Yes (1)ComplianceWithRevProc7550Ind

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
SCHEDULE E, PART I, LINE 3ALBRIGHT 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 6ALBRIGHT 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 PERKINS LOAN PROGRAM. STATE PROGRAMS FOR STUDENTS INCLUDE THE PENNSYLVANIA HIGHER EDUCATION ASSISTANCE AGENCY'S (PHEAA) GRANT PROGRAM AND THE PHEAA'S MATCHING FUNDS PROGRAMS WHICH SUPPLEMENT THE FWS PROGRAM. 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.

Schedule F IRS990ScheduleF

Account Activities Outside US AccountActivitiesOutsideUSGrp (2 entries)

RegionRegionTxtOfficesOfficesCntEmployeeEmployeeCntType Of Activities ConductedTypeOfActivitiesConductedTxtRegion Total ExpendituresRegionTotalExpendituresAmt
CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS,00INVESTMENTS$50,142
EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM00INVESTMENTS$188,551
FieldValueIRS element (for citing)
Subtotal Offices0SubtotalOfficesCnt
Subtotal Employees0SubtotalEmployeesCnt
Continuation Total Office0ContinuationTotalOfficeCnt
Continuation Total Employee0ContinuationTotalEmployeeCnt
Total Office0TotalOfficeCnt
Total Employee0TotalEmployeeCnt
Subtotal Spent$238,693SubtotalSpentAmt
Continuation Spent$0ContinuationSpentAmt
Total Spent$238,693TotalSpentAmt
Transfer To Foreign Corp0TransferToForeignCorpInd
Interest In Foreign Trust0InterestInForeignTrustInd
Foreign Corp OwnershipYes (1)ForeignCorpOwnershipInd
Passive Foreign Investmest CoYes (1)PassiveForeignInvestmestCoInd
Foreign PartnershipYes (1)ForeignPartnershipInd
Boycott Countries0BoycottCountriesInd

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART III ACCOUNTING METHOD:
SCHEDULE F, PART IV, LINE 3THE ORGANIZATION HAS 100% OWNERSHIP IN A FOREIGN CORPORATION AND FILES A FORM 5471 FOR THIS INVESTMENT.
SCHEDULE F, PART IV, LINE 5THE 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.

Schedule G IRS990ScheduleG

Fundraising Event Information FundraisingEventInformationGrp

FieldValueIRS element (for citing)
Event1RED & WHITE GOLFEvent1Nm
Gross Receipts Event1$117,077GrossReceiptsEvent1Amt
Charitable Contri Event1$91,664CharitableContriEvent1Amt
Gross Revenue Event1$25,413GrossRevenueEvent1Amt
Other Direct Expenses Event1$6,381OtherDirectExpensesEvent1Amt
Gross Receipts Total$117,077GrossReceiptsTotalAmt
Charitable Contributions Tot$91,664CharitableContributionsTotAmt
Gross Revenue Total Events$25,413GrossRevenueTotalEventsAmt
Oth Direct Expnss Total Events$6,381OthDirectExpnssTotalEventsAmt
Direct Expense Summary Events$6,381DirectExpenseSummaryEventsAmt
Net Income Summary$19,032NetIncomeSummaryAmt

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedYes (1)GrantRecordsMaintainedInd

Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp (14 entries)

Grant TypeGrantTypeTxtRecipientRecipientCntCash GrantCashGrantAmtNon Cash AssistanceNonCashAssistanceDesc
TRUSTEE GRANTS3273$9,625,442N/A
PRESIDENTIAL/PROVOST SCHOLARSHIP754$2,627,166N/A
JACOB ALBRIGHT SCHOLARSHIP106$587,145N/A
EUGENE SHIRK SCHOLARSHIP14$26,000N/A
ENDOWED SCHOLARSHIPS1247$2,113,872N/A
SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANTS928$205,395N/A
OTHER SCHOLARSHIPS, GRANTS AND AWARDS1520$4,281,462N/A
FOREIGN STUDENT SCHOLARSHIPS32$110,082N/A
TALENT AWARDS22$19,750N/A
ACADEMIC TALENT GRANT30$26,750N/A
COMMUNITY COLLEGE ACHIEVEMENT SCHOLARSHIP47$23,120N/A
HEERF STUDENT AID1606$3,155,974N/A
EMERGENCY SEOG66$66,155N/A
ADVLIVESSUPP SCHOLARSHIP16$41,375N/A

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART I, LINE 2:FormAndLineReferenceDesc
ExplanationTHE 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.ExplanationTxt

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Travel For CompanionsYes (X)TravelForCompanionsInd
Housing Allowance Or ResidenceYes (X)HousingAllowanceOrResidenceInd
Written Policy Ref T And E ExpnssYes (1)WrittenPolicyRefTAndEExpnssInd
Substantiation RequiredYes (1)SubstantiationRequiredInd
Compensation CommitteeYes (X)CompensationCommitteeInd
Compensation SurveyYes (X)CompensationSurveyInd
Board Or Committee ApprovalYes (X)BoardOrCommitteeApprovalInd
Severance Payment0SeverancePaymentInd
Supplemental Nonqual Rtr Plan0SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm0EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org0CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs0CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng Org0CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs0CompBsdNetEarnsRltdOrgsInd
Any Non Fixed Payments0AnyNonFixedPaymentsInd
Initial Contract Exception0InitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (5 entries)

TitleTitleTxtBase Compensation Filing OrgBaseCompensationFilingOrgAmtCompensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmtBonus Filing OrganizationBonusFilingOrganizationAmountBonus Related OrganizationsBonusRelatedOrganizationsAmtOther Compensation Filing OrgOtherCompensationFilingOrgAmtOther Compensation Rltd OrgsOtherCompensationRltdOrgsAmtDeferred Compensation Flng OrgDeferredCompensationFlngOrgAmtDeferred Comp Rltd OrgsDeferredCompRltdOrgsAmtNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmtNontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmtTotal Compensation Filing OrgTotalCompensationFilingOrgAmtTotal Compensation Rltd OrgsTotalCompensationRltdOrgsAmtComp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmtComp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
JACQUELYN S FETROW PHD
PRESIDENT$319,719$0$0$0$3,564$0$16,189$0$42,651$0$382,123$0$0$0
WENDY K PARSONS
VP- ADVANCEMENT$167,202$0$0$0$2,354$0$8,679$0$22,247$0$200,482$0$0$0
DWAYNE L WALKER
VP - ENROLLMENT MGT$156,331$0$0$0$6,515$0$7,100$0$22,247$0$192,193$0$0$0
JEFFREY L STRADER
VP, FINANCE/STRAT. PTN$149,556$0$0$0$13,866$0$7,869$0$19,756$0$191,047$0$0$0
KAREN CAMPBELL
SR. VP FOR ACADEMIC AFFAIRS$140,966$0$0$0$1,853$0$7,100$0$8,651$0$158,570$0$0$0

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART I, LINE 1AFormAndLineReferenceDesc
ExplanationHOUSING 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.ExplanationTxt

Schedule K IRS990ScheduleK

Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp (4 entries)

Bond ReferenceBondReferenceCdBond Issuer EINBondIssuerEINBond IssuedBondIssuedDtIssue PriceIssuePriceAmtPurposePurposeDescDefeasedDefeasedIndOn Behalf Of IssuerOnBehalfOfIssuerIndPool FinancingPoolFinancingInd
THE BERKS COUNTY MUNICIPAL AUTHORITY
A2366476302017-07-03$10,000,000ACQUIRE PROPERTY & REFUND ISSUE - 9/2/14000
THE BERKS COUNTY MUNICIPAL AUTHORITY
B2366476302017-08-01$10,000,000REFUND PRIOR ISSUE - 12/30/2013000
THE BERKS COUNTY MUNICIPAL AUTHORITY
C2366476302017-08-01$10,000,000REFUND PRIOR ISSUE - 12/30/2013000
THE BERKS COUNTY MUNICIPAL AUTHORITY
D2366476302017-08-01$5,500,000REFUND PRIOR ISSUE - 12/30/2013000

Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp (4 entries)

Bond ReferenceBondReferenceCdRetiredRetiredAmtTotal ProceedsTotalProceedsAmtIssuance Costs From ProceedsIssuanceCostsFromProceedsAmtCapital ExpendituresCapitalExpendituresAmtOther Spent ProceedsOtherSpentProceedsAmtSubstantial CompletionSubstantialCompletionYrRefunding Tax Exempt BondsRefundingTaxExemptBondsIndRefunding Taxable BondsRefundingTaxableBondsIndFinal Allocation MadeFinalAllocationMadeIndAdequate Books And Rec MaintAdequateBooksAndRecMaintInd
A$814,325$10,000,000$176,524$2,484,452$7,339,0242017Yes (1)0Yes (1)Yes (1)
B$1,451,456$10,000,000$10,000,0002010Yes (1)0Yes (1)Yes (1)
C$1,451,456$10,000,000$10,000,0002010Yes (1)0Yes (1)Yes (1)
D$744,526$5,500,000$5,500,0002010Yes (1)0Yes (1)Yes (1)

Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp (4 entries)

Bond ReferenceBondReferenceCdOwning Bond Financed PropertyOwningBondFinancedPropertyIndAny Lease ArrangementsAnyLeaseArrangementsIndMgmt Contract Bond Fincd PropMgmtContractBondFincdPropIndEngage Bond Counsel ContractsEngageBondCounselContractsIndAny Research AgreementsAnyResearchAgreementsIndPrivate Bus Use By OthersPrivateBusUseByOthersPctPrivate Bus Concerning UBIPrivateBusConcerningUBIPctTotal Private Business UseTotalPrivateBusinessUsePctBond Iss Meet Prvt Sec Pymt TestBondIssMeetPrvtSecPymtTestIndChange In Use Bond Financed PropChangeInUseBondFinancedPropIndProcs Nonqualified Bond RemdtdProcsNonqualifiedBondRemdtdInd
A00Yes (1)Yes (1)00.008000.000000.0080000Yes (1)
B00Yes (1)Yes (1)00.006000.000000.0060000Yes (1)
C00Yes (1)Yes (1)00.006000.000000.0060000Yes (1)
D00Yes (1)Yes (1)00.006000.000000.0060000Yes (1)

Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp (4 entries)

Bond ReferenceBondReferenceCdForm8038 T FiledForm8038TFiledIndRebate Not Due YetRebateNotDueYetIndException To RebateExceptionToRebateIndNo Rebate DueNoRebateDueIndVariable Rate IssueVariableRateIssueIndHedge Identified In Bks And RecHedgeIdentifiedInBksAndRecIndGross Proceeds Invested In GICGrossProceedsInvestedInGICIndGross Proceeds InvestedGrossProceedsInvestedIndWritten Proc To Monitor ReqsWrittenProcToMonitorReqsInd
A00Yes (1)Yes (1)Yes (1)000Yes (1)
B00Yes (1)Yes (1)Yes (1)000Yes (1)
C00Yes (1)Yes (1)Yes (1)000Yes (1)
D00Yes (1)Yes (1)Yes (1)000Yes (1)

Procedures Corrective Action ProceduresCorrectiveActionGrp (4 entries)

Bond ReferenceBondReferenceCdProcedures Corrective ActionProceduresCorrectiveActionInd
AYes (1)
BYes (1)
CYes (1)
DYes (1)

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
DATE REBATE COMPUTATION PERFORMEDISSUER 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.

Schedule K IRS990ScheduleK

Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp

FieldValueIRS element (for citing)
Bond ReferenceABondReferenceCd

Issuer Name IssuerName

FieldValueIRS element (for citing)
Business Name Line1WERNERSVILLE MUNICIPAL AUTHORITYBusinessNameLine1Txt
FieldValueIRS element (for citing)
Bond Issuer EIN231627474BondIssuerEIN
Bond Issued2017-12-20BondIssuedDt
Issue Price$3,430,000IssuePriceAmt
PurposeACQUIRE PROPERTY & REFUND ISSUEPurposeDesc
Defeased0DefeasedInd
On Behalf Of Issuer0OnBehalfOfIssuerInd
Pool Financing0PoolFinancingInd

Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp

FieldValueIRS element (for citing)
Bond ReferenceABondReferenceCd
Retired$304,738RetiredAmt
Total Proceeds$3,468,217TotalProceedsAmt
Issuance Costs From Proceeds$53,722IssuanceCostsFromProceedsAmt
Capital Expenditures$3,414,495CapitalExpendituresAmt
Substantial Completion2020SubstantialCompletionYr
Refunding Tax Exempt Bonds0RefundingTaxExemptBondsInd
Refunding Taxable Bonds0RefundingTaxableBondsInd
Final Allocation MadeYes (1)FinalAllocationMadeInd
Adequate Books And Rec MaintYes (1)AdequateBooksAndRecMaintInd

Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp

FieldValueIRS element (for citing)
Bond ReferenceABondReferenceCd
Owning Bond Financed Property0OwningBondFinancedPropertyInd
Any Lease Arrangements0AnyLeaseArrangementsInd
Mgmt Contract Bond Fincd Prop0MgmtContractBondFincdPropInd
Any Research Agreements0AnyResearchAgreementsInd
Private Bus Use By Others0.00000PrivateBusUseByOthersPct
Private Bus Concerning UBI0.00000PrivateBusConcerningUBIPct
Total Private Business Use0.00000TotalPrivateBusinessUsePct
Bond Iss Meet Prvt Sec Pymt Test0BondIssMeetPrvtSecPymtTestInd
Change In Use Bond Financed Prop0ChangeInUseBondFinancedPropInd
Procs Nonqualified Bond RemdtdYes (1)ProcsNonqualifiedBondRemdtdInd

Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp

FieldValueIRS element (for citing)
Bond ReferenceABondReferenceCd
Form8038 T Filed0Form8038TFiledInd
Rebate Not Due YetYes (1)RebateNotDueYetInd
Exception To Rebate0ExceptionToRebateInd
No Rebate Due0NoRebateDueInd
Variable Rate IssueYes (1)VariableRateIssueInd
Hedge Identified In Bks And Rec0HedgeIdentifiedInBksAndRecInd
Gross Proceeds Invested In GIC0GrossProceedsInvestedInGICInd
Gross Proceeds Invested0GrossProceedsInvestedInd
Written Proc To Monitor ReqsYes (1)WrittenProcToMonitorReqsInd

Procedures Corrective Action ProceduresCorrectiveActionGrp

FieldValueIRS element (for citing)
Bond ReferenceABondReferenceCd
Procedures Corrective ActionYes (1)ProceduresCorrectiveActionInd

Schedule L IRS990ScheduleL

Grnt Asst Bnft Interested Prsn GrntAsstBnftInterestedPrsnGrp

FieldValueIRS element (for citing)
PersonPER IRS INSTRUCTIONS NAMES ARE NOTPersonNm
Relationship With OrgPER IRS INSTRUCTIONS, INTERESTED PERSONS ARE NOT INDIVIDUALLY NAMED.RelationshipWithOrgTxt
Cash Grant$13,245CashGrantAmt
Type Of AssistanceTUITION EXCHANGETypeOfAssistanceTxt
Assistance PurposeEMPLOYEE BENEFITAssistancePurposeTxt

Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp

Name Of Interested NameOfInterested

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1JOHN WEIDENHAMMERBusinessNameLine1Txt
FieldValueIRS element (for citing)
Relationship DescriptionFORMER BOARD TRUSTEE AND OWNER OF WEIDENHAMMER SYSTEMSRelationshipDescriptionTxt
Transaction$153,844TransactionAmt
TransactionMR. WEIDENHAMMER IS OWNER OF WEIDENHAMMER SYSTEMS. THE ENTITY PROVIDES INFORMATION TECHNOLOGY SERVICES TO THE COLLEGE. ALL TRANSACTIONS ARE AT ARM'S LENGTH.TransactionDesc
Sharing Of Revenues0SharingOfRevenuesInd

Schedule M IRS990ScheduleM

Securities Publicly Traded SecuritiesPubliclyTradedGrp

FieldValueIRS element (for citing)
Non Cash CheckboxYes (X)NonCashCheckboxInd
Contribution4ContributionCnt
Noncash Contributions Rpt F990$169,247NoncashContributionsRptF990Amt
Method Of Determining RevenuesNYSEMethodOfDeterminingRevenuesTxt

Other Non Cash Contri Table OtherNonCashContriTableGrp

FieldValueIRS element (for citing)
Non Cash CheckboxYes (X)NonCashCheckboxInd
DescRUGSDesc
Contribution1ContributionCnt
Noncash Contributions Rpt F990$595NoncashContributionsRptF990Amt
Method Of Determining RevenuesCOSTMethodOfDeterminingRevenuesTxt
FieldValueIRS element (for citing)
Form8283 Received0Form8283ReceivedCnt
Any Property That Must Be Held0AnyPropertyThatMustBeHeldInd
Review Process Unusual NC GiftsYes (1)ReviewProcessUnusualNCGiftsInd
Third Parties Used0ThirdPartiesUsedInd

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART I, COLUMN (B):FormAndLineReferenceDesc
ExplanationTHE NUMBER OF CONTRIBUTORS IS REPORTED FOR ALL GIFTS.ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (6 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 3THE 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 11BTHE 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 12CARTICLE 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 15THE 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 19GOVERNING 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 313,808.

Schedule R IRS990ScheduleR

Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp (2 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdEINEINPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile StateLegalDomicileStateCdBusiness Name Line1DirectControllingEntityName/BusinessNameLine1TxtEntity TypeEntityTypeTxtOwnershipOwnershipPctControlled OrganizationControlledOrganizationIndAddress Line1ForeignAddress/AddressLine1TxtCityForeignAddress/CityNmCountryForeignAddress/CountryCdLegal Domicile Foreign CountryLegalDomicileForeignCountryCdShare Of Total IncomeShareOfTotalIncomeAmtShare Of EOY AssetsShareOfEOYAssetsAmt
NORTH THIRTEENTH STREET INC
13TH BERN STREETS PO BOX 14988READINGPA196124988232362385REAL ESTATE RENTALPAALBRIGHT COLLEGEC1.000000
ALBRIGHT COLLEGE COSTA RICA SA
LAND INVESTMENTALBRIGHT COLLEGEC1.000000EL PATIO BUILDING 3RD FLOORSAN JOSECSCS-$50,142$197,945
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts Rylts0ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth Org0GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth Org0GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other OrgYes (1)LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth Org0LoansOrGuaranteesFromOthOrgInd
Div Related Organization0DivRelatedOrganizationInd
Asset Sale To Other Org0AssetSaleToOtherOrgInd
Asset Purchase From Other Org0AssetPurchaseFromOtherOrgInd
Asset Exchange0AssetExchangeInd
Rental Of Facilities To Oth OrgYes (1)RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth OrgYes (1)RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth Org0PerformOfServicesForOthOrgInd
Perform Of Services By Other Org0PerformOfServicesByOtherOrgInd
Sharing Of Facilities0SharingOfFacilitiesInd
Paid Employees SharingYes (1)PaidEmployeesSharingInd
Reimbursement Paid To Other OrgYes (1)ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other OrgYes (1)ReimbursementPaidByOtherOrgInd
Transfer To Other OrgYes (1)TransferToOtherOrgInd
Transfer From Other Org0TransferFromOtherOrgInd

Transactions Related Org TransactionsRelatedOrgGrp

Other Organization Name OtherOrganizationName

FieldValueIRS element (for citing)
Business Name Line1ALBRIGHT COLLEGE COSTA RICA SABusinessNameLine1Txt
FieldValueIRS element (for citing)
Transaction TypeDTransactionTypeTxt
Involved$266,351InvolvedAmt
Method Of Amount DeterminationCOSTMethodOfAmountDeterminationTxt