2025-05-13T07:12:49-05:00 2024-06-30 390859910 BAKER TILLY ADVISORY GROUP LP 1570 FRUITVILLE PIKE SUITE 400 LANCASTER PA 17601 990 2023-07-01 240804602 KING'S COLLEGE KING 5702085900 133 NORTH RIVER STREET WILKESBARRE PA 18711 JANET KOBYLSKI VP BUSINESS AFFAIRS 5707062394 2025-05-12 1 1 KERRI N BOGDA CPA P00760402 7177404863 2025-05-12 2023 2025-03-06 01:10:19Z THOMAS P LOONEY CSC 133 NORTH RIVER STREET WILKESBARRE PA 18711 103333015 0 X WWW.KINGS.EDU X 1946 PA PROVIDES STUDENTS WITH A LIBERAL ARTS EDUCATION ENABLING THEM TO LEAD MEANINGFUL & SATISFYING LIVES. 39 38 1010 100 138650 53919 6428362 10865263 83599517 82474864 5416089 -1042276 157000 321880 95600968 92619731 35769543 36529223 0 0 33969475 34917698 33648 0 1398218 26312896 26137645 96085562 97584566 -484594 -4964835 259989612 264342123 70324802 68181180 189664810 196160943 X KING'S COLLEGE, A CATHOLIC COLLEGE IN THE HOLY CROSS TRADITION, PROVIDES STUDENTS WITH A BROAD-BASED LIBERAL ARTS EDUCATION WHICH OFFERS THE INTELLECTUAL, MORAL, AND SPIRITUAL PREPARATION THAT ENABLES THEM TO LEAD MEANINGFUL AND SATISFYING LIVES. 0 0 88073866 36529223 82475094 KING'S COLLEGE IS A NOT-FOR-PROFIT EDUCATIONAL INSTITUTION WHICH PROVIDES UNDERGRADUATE, GRADUATE, AND PROFESSIONAL EDUCATION TO ITS STUDENTS. THE COLLEGE WAS FOUNDED IN 1946 AND WELCOMES STUDENTS INTO ITS COMMUNITY WITHOUT REGARD TO GENDER, RACE, RELIGION, DISABILITY, OR NATIONAL ORIGIN AND SEEKS TO ASSIST TALENTED STUDENTS OF MODEST FINANCIAL MEANS.THE COLLEGE HAS APPROXIMATELY 1,940 STUDENTS, OF WHICH 1,600 ARE FULL-TIME UNDERGRADUATES. APPROXIMATELY 92% OF THE COLLEGE'S PRESENT FULL-TIME UNDERGRADUATE STUDENT BODY IS COMPRISED OF RESIDENTS FROM PENNSYLVANIA, NEW YORK, AND NEW JERSEY.CONTINUED ON SCHEDULE O.DURING THE YEAR ENDED JUNE 30, 2024, THE COLLEGE PROVIDED STUDENT FINANCIAL AID FROM INTERNAL RESOURCES OF $36,004,000. 88073866 1 1 0 1 0 0 0 0 0 1 1 1 0 1 1 1 0 1 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 1 1 0 0 0 1 2608 0 1010 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 39 38 1 1 0 0 1 1 0 1 1 0 0 1 1 1 1 1 0 1 1 0 PA X HOLLY KULP CPA 5702085837 133 NORTH RIVER STREET WILKESBARRE PA 18711 THOMAS R SMITH CHAIR 3.00 0.00 X X 0 0 0 KATHLEEN MCCARTHY LAMBERT VICE CHAIR 3.00 0.00 X X 0 0 0 PATRICIA E SINEX SECRETARY 3.00 0.00 X X 0 0 0 RICHARD A ALLEY MD DIRECTOR 1.00 0.00 X 0 0 0 MICHAEL W BUKOSKY DIRECTOR 1.00 0.00 X 0 0 0 CASSANDRA I COLEMAN DIRECTOR (AS OF 10/23) 1.00 0.00 X 0 0 0 REV JOHN F DENNING CSC PHD DIRECTOR 1.00 0.00 X 0 0 0 BRENDAN P DOUGHER DIRECTOR 1.00 0.00 X 0 0 0 JOHN DOWD DIRECTOR 1.00 0.00 X 0 0 0 JIMMY D EDWARDS DIRECTOR 1.00 0.00 X 0 0 0 JANE B FEINSTEIN DIRECTOR 1.00 0.00 X 0 0 0 REV JAMES FOSTER CSC MD DIRECTOR 1.00 0.00 X 0 0 0 HEIDI GERDING DIRECTOR 1.00 0.00 X 0 0 0 REV DANIEL GROODY CSC PHD DIRECTOR 1.00 0.00 X 0 0 0 MAUREEN A HANLON ESQ DIRECTOR 1.00 0.00 X 0 0 0 SCOTT HENRY DIRECTOR 1.00 0.00 X 0 0 0 FRANCIS J HOEGEN ESQ DIRECTOR 1.00 0.00 X 0 0 0 JONATHAN HOSEY MD DIRECTOR 1.00 0.00 X 0 0 0 EDWARD F KEARNEY DIRECTOR 1.00 0.00 X 0 0 0 JOSEPH E KLUGER ESQ DIRECTOR 1.00 0.00 X 0 0 0 ANN M KOLANOWSKI PHD DIRECTOR 1.00 0.00 X 0 0 0 REV WILLIAM LIES CSC PHD DIRECTOR 1.00 0.00 X 0 0 0 PAUL J MANGANIELLO JR DIRECTOR 1.00 0.00 X 0 0 0 FRANK J MATTEI DIRECTOR (AS OF 10/23) 1.00 0.00 X 0 0 0 GARY MAZUR DIRECTOR 1.00 0.00 X 0 0 0 MICHAEL D MOLEWSKI DIRECTOR 1.00 0.00 X 0 0 0 TIMOTHY J MORRIS DIRECTOR 1.00 0.00 X 0 0 0 JOHN C MUTARELLI DIRECTOR 1.00 0.00 X 0 0 0 JOHN G NACKLEY DIRECTOR 1.00 0.00 X 0 0 0 JOHN D OBRIEN DIRECTOR 1.00 0.00 X 0 0 0 REV GERARD OLINGER CSC JD DIRECTOR 1.00 0.00 X 0 0 0 REV DANIEL PARRISH CSC DIRECTOR 1.00 0.00 X 0 0 0 REV MARK POORMAN CSC PHD DIRECTOR 1.00 0.00 X 0 0 0 DAVID A SCHANKWEILER DIRECTOR 1.00 0.00 X 0 0 0 JAMES V SCHNEIDER DIRECTOR 1.00 0.00 X 0 0 0 BRO DONALD STABROWSKI CSC PHD DIRECTOR 1.00 0.00 X 0 0 0 REV ANTHONY V SZAKALY CSC DIRECTOR 1.00 0.00 X 0 0 0 SUSAN E UNVARSKY DIRECTOR 1.00 0.00 X 0 0 0 REV OLIVER WILLIAMS CSC PHD DIRECTOR 1.00 0.00 X 0 0 0 DAVID J SELINGO ESQ DIRECTOR (UNTIL 10/23) 1.00 0.00 X 0 0 0 EBERHARD FABER DIRECTOR (UNTIL 10/23) 1.00 0.00 X 0 0 0 REV THOMAS P LOONEY CSC PRESIDENT 40.00 0.00 X 0 0 15833 JANET KOBYLSKI VP BUSINESS AFFAIRS/CFO/TREASURER 40.00 0.00 X 177832 0 22423 CHRIS DEARTH VP ENROLLMENT MGMT AND MARKETING 40.00 0.00 X 199884 0 23092 FREDERICK A PETTIT ESQ VP INSTUTIONAL ADV. (UNTIL 10/23) 40.00 0.00 X 197556 0 3906 JOSEPH M EVAN PROVOST/VP ACADEMIC AFFAIRS 40.00 0.00 X 181901 0 40711 ANITRA MCSHEA VP STUDENT AFFAIRS 40.00 0.00 X 152032 0 39388 TARA SHAWVER PROFESSOR OF ACCOUNTING 40.00 0.00 X 142320 0 2800 BARRY H WILLIAMS ESQ DEAN, BUSINESS SCHOOL 40.00 0.00 X 139200 0 4241 PAUL J MORAN AVP IITS/CIO 40.00 0.00 X 136060 0 26749 JILL YURKO PROFESSOR OF EDUCATION 40.00 0.00 X 138146 0 2317 DARA SOLJAGA ASSOCIATE DEAN OF EDUCATION 40.00 0.00 X 128410 0 2939 1593341 0 184399 28 0 1 0 COMPASS GROUP USA INC CHARTWELL DIV 2400 YORKMONT RD CHARLOTTE NC 28217 DINING SERVICES 5330821 DEANGELO CONSTRUCTION INC 51 NEW FREDERICK ST WILKESBARRE PA 18702 CONTRACTOR 1424519 PANZITTA ENTERPRISES INC 72 GEORGE AVENUE WILKESBARRE PA 18702 CONTRACTOR 907377 SPARK451 INC 865 MERRICK AVE STE 451 WESTBURY NY 11590 MARKETING SERVICES 714919 POWER ENGINEERING SERVICE 901 JUMPER RD PO BOX 766 WILKESBARRE PA 18702 CONTRACTOR 437938 18 5000 237910 4551548 6070805 79889 10865263 STUDENT TUITION & FEES 611600 69983924 69983924 AUXILIARY (ROOM/BOARD) 721310 12362976 12362976 INTERNAL PRINT REVENUE 611600 113955 113955 THEATRE ADMISSION 711110 14009 14009 82474864 2200243 9250 2190993 149591 102997 46594 46594 8879 37715 7271200 17269 10530988 0 -3259788 17269 -3242519 -3242519 32095 237910 79299 -47204 -47204 BILLBOARD ADVERTISING INCOME 541800 57550 57550 PRINTING INCOME 721310 39103 39103 AFFINITY INCOME 721310 23868 23868 201969 230 201739 322490 92619731 82475094 138650 -859276 36529223 36529223 1172345 934765 237580 25949968 22783913 2580293 585762 877210 736894 113687 26629 5110310 3951047 1007904 151359 1807865 1619954 132521 55390 116255 116255 117650 117650 60204 60204 3126102 2670538 451092 4472 832669 807963 6446 18260 2227121 1646718 537847 42556 1377323 996933 373584 6806 2885826 2572306 280262 33258 721672 695189 9087 17396 102077 66964 12007 23106 2177831 2094232 83599 4827902 4561499 245091 21312 650066 137786 512280 FOOD 5333547 5078668 98122 156757 ATHLETIC TEAMS EXPENSES 808095 808095 BAD DEBT EXPENSE 356660 356660 DUE AND SUBSCRIPTIONS 237188 79803 139810 17575 179457 175937 3520 97584566 88073866 8112482 1398218 1813267 3148059 12552921 2801169 1649483 2233062 2714879 3232151 896905 740914 607246 655564 211578584 103326746 103005255 108251838 12013008 15739918 108178124 110842804 16558524 16696644 259989612 264342123 7504984 7563793 2474347 2214309 57470027 56082525 2875444 2320553 70324802 68181180 X 95331507 99271295 94333303 96889648 189664810 196160943 259989612 264342123 X -4964835 11004500 456468 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 60204 60204 0 PART II-B, LINE 1: THE COLLEGE PAID GSL PUBLIC AFFAIRS TO COLLABORATE WITH LEGISLATIVE REPRESENTATIVES. 117667415 889443 9623012 5393382 2178222 120608266 124166506 2443968 -2143820 4799849 1999390 117667415 126045340 2792042 1275249 4175465 1770660 124166506 87605157 2538993 40854342 2980682 1972470 126045340 86771190 946486 3767309 2715468 1164360 87605157 0.24200 0.42900 0.32900 1 0 18666061 18666061 138381721 73289690 65092031 39603503 25913333 13690170 14927299 4123723 10803576 108251838 355030 F BENEFICIAL INTERESTS IN ASSETS HELD BY OTHERS 110487774 F 110842804 RELATED PARTY RECEIVABLE 3326400 INVESTMENT IN SBM LLC 4961429 BENEFICIAL INTEREST IN PERPETUAL TRUSTS 7005465 CASH SURRENDER VALUE 503008 OPERATING LEASE RIGHT-OF-USE ASSETS 426281 BENEFICIAL INTEREST IN CHARITABLE TRUST 474061 16696644 AGENCY FUNDS PAYABLE 736415 REFUNDABLE ADVANCES - GRANTS 897484 LEASE LIABILITY 686654 2320553 X 67702374 11004500 -36104152 -25099652 92802026 -182295 -182295 92619731 61450262 394919 394919 61055343 36529223 36529223 97584566 PART V, LINE 4: THE COLLEGE'S ENDOWMENT IS USED TO PROVIDE SCHOLARSHIPS TO STUDENTS AND PROVIDE FUNDS TO OFFSET FACULTY SALARIES, DEVELOPMENT AND PROGRAM OPERATING EXPENSES. PART X, LINE 2: THE COLLEGE ACCOUNTS FOR UNCERTAINTY IN INCOME TAXES USING A RECOGNITION THRESHOLD OF MORE-LIKELY-THAN-NOT TO BE SUSTAINED UPON EXAMINATION BY THE APPROPRIATE TAXING AUTHORITY. MEASUREMENT OF THE TAX UNCERTAINTY OCCURS IF THE RECOGNITION THRESHOLD IS MET. MANAGEMENT DETERMINED THAT THERE WERE NO TAX UNCERTAINTIES THAT MET THE RECOGNITION THRESHOLD IN 2024 AND 2023. THE COLLEGE IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN BENEFICIAL INTEREST IN PERPETUAL TRUSTS 444,270. CHANGE IN CHARITABLE REMAINDER TRUST 12,198. INTERNAL STUDENT AID NETTED TO REVENUE ON THE FINANCIALS -36,529,223. INCOME OF CONSOLIDATED RELATED PARTY 1,716. CHANGE IN NONCONTROLLING INTEREST -33,113. PART XI, LINE 4B - OTHER ADJUSTMENTS: RENTAL EXPENSES -102,997. FUNDRAISING EXPENSES -79,298. PART XII, LINE 2D - OTHER ADJUSTMENTS: EXPENSES OF CONSOLIDATED RELATED PARTY 212,624. RENTAL EXPENSES 102,997. FUNDRAISING EXPENSES 79,298. PART XII, LINE 4B - OTHER ADJUSTMENTS: INTERNAL STUDENT AID NETTED TO REVENUE ON THE FINANCIALS 36,529,223. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 WHILE THE COLLEGE DOES NOT PUBLICIZE ITS RACIALLY NONDISCRIMINATORY POLICY THROUGH NEWSPAPER OR BROADCAST MEDIA DIRECTLY, THE NONDISCRIMINATORY POLICY IS PUBLISHED IN THE COLLEGE VIEWBOOK, FINANCIAL AID BROCHURE AND OTHER KEY PUBLICATIONS, WHICH ARE DISTRIBUTED TO EVERY APPLICANT AND AVAILABLE TO THE PUBLIC. THE POLICY IS ALSO PUBLISHED ON THE COLLEGE'S WEBSITE. IN THIS REGARD, THE COLLEGE COMPLIES WITH PARAGRAPHS B AND C, SUBSECTION 4.03 OF REV. PROC. 75-50, 1975-2 C.B. 587. SCHEDULE E, PART I, LINE 6 FINANCIAL AID IS AWARDED TO STUDENTS FROM FEDERAL AND STATE PROGRAMS (PENNSYLVANIA HIGHER EDUCATION ASSISTANCE ACT). THE COLLEGE ACTS AS THE CUSTODIAN AND DISBURSING AGENT FOR THESE FUNDS. LACKENMIER DINNER 237665 217315 20350 10000 38414 8967 GOLF TOURNAMENT 32340 20595 11745 17378 39 4501 270005 237910 32095 27378 38453 13468 79299 -47204 1 COLLEGE AND ENDOWED SCHOLARSHIPS 1480 35035481 N/A N/A ACT 101/ACHIEVEMENT PLUS 70 96371 N/A N/A RESIDENT ASSISTANT SCHOLARSHIPS 26 425493 N/A N/A SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANT 249 313788 N/A N/A PRESIDENTIAL HOPE FUND SCHOLARSHIPS 89 406097 N/A N/A MCGOWAN HISPANIC OUTREACH 4 55000 N/A N/A APPLESEED FOUNDATION 10 50000 N/A N/A HOLY CROSS MISSION DEVELOPMENT SCHOLARSHIP 28 27500 N/A N/A PART I, LINE 2: THE COLLEGE'S FINANCIAL AID OFFICE EVALUATES EACH STUDENT'S FINANCIAL NEED, AS DETERMINED THROUGH INFORMATION PROVIDED ON THE STUDENT FREE APPLICATION FOR FEDERAL STUDENT AID (FAFSA). MANAGEMENT AWARDS MERIT SCHOLARSHIPS TO INDIVIDUALS THAT QUALIFY, BASED ON DONOR STIPULATIONS (I.E. SPECIFIC MAJORS, LOCALITY, ETC.) AND AWARDS FEDERAL, STATE, AND PRIVATE NEED BASED AWARDS TO PROVIDE ADDITIONAL RESOURCES TO STUDENTS FOR THEIR HIGHER EDUCATION EXPENSES. INDIVIDUALS RECEIVING AWARDS ARE PART OF THE CAMPUS COMMUNITY AND MEET WITH FINANCIAL AID COUNSELORS TO ENSURE STUDENTS ARE RESIDENTS WITHIN THE US AND ENROLLED AT THE INSTITUTION. X 1 1 X X X X 0 0 0 0 0 0 0 0 0 CHRIS DEARTH VP ENROLLMENT MGMT AND MARKETING 168865 0 0 0 31019 0 3775 0 19317 0 222976 0 0 0 JOSEPH M EVAN PROVOST/VP ACADEMIC AFFAIRS 181901 0 0 0 0 0 4303 0 36408 0 222612 0 0 0 FREDERICK A PETTIT ESQ VP INSTUTIONAL ADV. (UNTIL 10/23) 173970 0 0 0 23586 0 2463 0 1443 0 201462 0 0 0 JANET KOBYLSKI VP BUSINESS AFFAIRS/CFO/TREASURER 177832 0 0 0 0 0 4077 0 18346 0 200255 0 0 0 ANITRA MCSHEA VP STUDENT AFFAIRS 152032 0 0 0 0 0 2928 0 36460 0 191420 0 0 0 PAUL J MORAN AVP IITS/CIO 125260 0 0 0 10800 0 2802 0 23947 0 162809 0 0 0 PART I, LINE 1A THE COLLEGE PAID THE INITIATION FEES AND MONTHLY DUES MEMBERSHIPS FOR THE VP OF ADVANCEMENT TO THE WESTMORELAND CLUB. THE WESTMORELAND CLUB IS A NON-PROFIT SOCIAL CLUB USED BY MEMBERS OF MANAGEMENT TO HOST MEETINGS WITH BUSINESS PARTNERS OF THE COLLEGE, BOARD MEMBERS, POTENTIAL DONORS, FACULTY, AND STAFF. THESE ARE TAXABLE BENEFITS AND INCLUDED IN INDIVIDUALS' W-2S. PART I, LINE 1B THE EXPENSES INCURRED AT THE WESTMORELAND CLUB ARE SUBJECT TO THE DOCUMENTATION REQUIREMENTS OF THE COLLEGE. A NORTHEASTERN PENNSYLVANIA HOSPITAL AND EDUCATION AUTHORITY 237394107 664551DA3 2019-05-16 50575026 SEE PART VI 0 0 0 B NORTHEASTERN PENNSYLVANIA HOSPITAL AND EDUCATION AUTHORITY 237394107 2023-06-14 10111507 0 0 0 A 1800000 50575026 551525 2012760 48010741 2019 1 0 1 1 B 1025000 10111507 193794 9917713 1 0 1 1 A 0 0 1 1 0 0.00000 0.00000 0.00000 0 0 1 B 0 0 1 1 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 0 1 0 0 0 0 1 B 0 0 1 0 0 0 0 0 1 A 1 B 1 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: NORTHEASTERN PENNSYLVANIA HOSPITAL AND EDUCATION AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 02/27/2024 SCHEDULE K, PART I, BOND ISSUES: BOND 1: (A) ISSUER NAME: NORTHEASTERN PENNSYLVANIA HOSPITAL AND EDUCATION AUTHORITY (F) DESCRIPTION OF PURPOSE: PROCEEDS OF THE 2019 BONDS WILL BE USED TO (I) TO REFUND THE DALLAS AREA MUNICIPAL AUTHORITY'S OUTSTANDING COLLEGE REVENUE NOTES, SERIES B OF 2014, (II) FINANCE MISCELLANEOUS CAPITAL EXPENDITURES WITH RESPECT TO THE COLLEGE'S FACILITIES, AND (III) PAY COSTS RELATED TO THE ISSUANCE OF THE 2019 BONDS. BOND 2: (A) ISSUER NAME: NORTHEASTERN PENNSYLVANIA HOSPITAL AND EDUCATION AUTHORITY (F) DESCRIPTION OF PURPOSE: PROCEEDS OF THE 2023 BONDS WILL BE USED TO (I) TO REFUND THE DALLAS AREA MUNICIPAL AUTHORITY'S OUTSTANDING COLLEGE REVENUE NOTES, SERIES A OF 2014 MARTZ BUS TRANSPORTATION SCOTT HENRY OWNS MORE THAN 35% 315896 TRANSPORTATION SERVICES 0 X 6 79889 NYSE 0 0 1 0 PART I, COLUMN (B): THE NUMBER IN COLUMN B REPRESENTS THE NUMBER OF DONORS. FORM 990, PART VI, SECTION A, LINE 2 DIRECTORS SCOTT HENRY AND KATHLEEN LAMBERT HAVE A FAMILIAL RELATIONSHIP. FORM 990, PART VI, SECTION A, LINE 3 THE MANAGEMENT OF THE DINING SERVICES AND CONFERENCE AND EVENTS DEPARTMENTS ARE CONTRACTED TO THE COMPASS GROUP (CHARTWELLS). EMPLOYEES OF CHARTWELLS ARE SUBJECT TO THE EMPLOYEE PAY PRACTICES AND BENEFITS OFFERED BY CHARTWELLS. FORM 990, PART VI, SECTION A, LINE 6 THE MEMBERS OF THE CORPORATION OF KING'S COLLEGE INCLUDE ALL FULL-FLEDGED MEMBERS OF THE CONGREGATION OF HOLY CROSS WHOSE OFFICIAL ASSIGNMENT IS DIRECTLY RELATED TO KING'S COLLEGE. THE MEMBERS MEET AT LEAST ANNUALLY AND AS OFTEN AS DEEMED NECESSARY BY THE MEMBERS, CORPORATE OFFICERS OR BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS OF THE CORPORATION, THROUGH CONSULTATION WITH VARIOUS BOARD COMMITTEES, ELECT THE BOARD OF DIRECTORS. THE BOARD OF DIRECTORS ACTS AS THE GOVERNING BODY OF THE COLLEGE. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 AND 990T IS PROVIDED TO THE COLLEGE'S AUDIT COMMITTEE, IN DRAFT FORM, DURING A REGULARLY SCHEDULED MEETING. THE INFORMATION PRESENTED TO THE COMMITTEE MEMBERS IS PROVIDED TO THEM PRIOR TO THE MEETING DATE FOR REVIEW AND ANALYSIS. THE COMMITTEE MEMBERS REVIEW THE FORMS INDIVIDUALLY AND RAISE QUESTIONS AND CONCERNS REGARDING THE INFORMATION PRESENTED TO MANAGEMENT DURING THE MEETING. FOLLOWING APPROVAL OF THE AUDIT COMMITTEE, THE DRAFT FORMS ARE MADE AVAILABLE TO THE ENTIRE BOARD THROUGH A SECURE BOARD PORTAL ACCESSIBLE TO ALL MEMBERS. THE BOARD CHAIR INFORMS THE DIRECTORS OF THE DRAFTS AND HOW TO ACCESS THEM DURING A REGULARLY SCHEDULED MEETING. COMMENTS REGARDING THE FORMS ARE ACCUMULATED AND ADDRESSED BY THE CONTROLLER AND ASSOCIATE VICE PRESIDENT, FINANCE DURING A SUBSEQUENT PERIOD OF NO LESS THAN 30 DAYS. THE FORMS ARE ALSO REVIEWED BY INDEPENDENT CERTIFIED PUBLIC ACCOUNTANTS SPECIALIZING IN NON-PROFIT TAX COMPLIANCE. AT THE CONCLUSION OF THE REVIEW PERIOD, THE BOARD OF DIRECTORS WILL AUTHORIZE MANAGEMENT TO FILE THE FORMS WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C THE ASSISTANT TO THE PRESIDENT OF THE COLLEGE WILL DISTRIBUTE THE CONFLICT OF INTEREST POLICY AND CERTIFICATION STATEMENT AT THE DIRECTION OF THE BOARD CHAIR. THE POLICY AND CERTIFICATION STATEMENTS ARE DISTRIBUTED PRIOR TO THE ANNUAL MEETING EACH OCTOBER. THE COMPLETED CERTIFICATIONS ARE REVIEWED BY THE CONTROLLER AND ASSOCIATE VICE PRESIDENT, FINANCE, WHO OBTAIN ADDITIONAL INFORMATION AS NECESSARY. THE BOARD CHAIR AND PRESIDENT OF THE COLLEGE MONITOR COMPLIANCE WITH THE POLICY DURING EACH BOARD MEETING WHERE VOTING ACTIONS OCCUR. INDIVIDUALS WITH IDENTIFIED CONFLICTS ARE PROHIBITED FROM PROVIDING COMMENTARY OR VOTING ON THE RELATED RESOLUTIONS RELATED TO THE CONFLICTED TRANSACTIONS. FORM 990, PART VI, SECTION B, LINE 15 THE COLLEGE'S BOARD OF DIRECTORS MAINTAINS AN EXECUTIVE COMPENSATION COMMITTEE TO DETERMINE THE COMPENSATION OF THE MEMBERS OF THE EXECUTIVE TEAM, INCLUDING ALL VICE PRESIDENTS. COMPENSATION IS BASED ON AN EVALUATION OF SALARIES PAID TO INDIVIDUALS WITH SIMILAR ROLES AT COMPARABLE INSTITUTIONS WITHIN THE GEOGRAPHIC REGION. THE PRESIDENT PREPARES ANNUAL EVALUATIONS OF THE PERFORMANCE OF EACH VICE PRESIDENT AND RECOMMENDS AN ANNUAL RAISE AND PERFORMANCE BONUS. THE EXECUTIVE'S TOTAL COMPENSATION, INCLUDING BONUSES, ARE USED TO EVALUATE THE COMPENSATION OF EACH INDIVIDUAL. THE COMPENSATION COMMITTEE REVIEWS COMPARABLE DATA IN RELATION TO THE TOTAL COMPENSATION PAID TO EACH EXECUTIVE AND APPROVES THE COMPENSATION PACKAGE. FORM 990, PART VI, SECTION C, LINE 18 THE COLLEGE MAINTAINS PUBLIC INSPECTION COPIES OF FORMS 990 AND FORM 990-T IN THE COLLEGE'S BUSINESS OFFICE DURING REGULARLY SCHEDULED HOURS. FURTHER, A COPY OF THE FORM 990 IS AVAILABLE AT WWW.GUIDESTAR.ORG. FORM 990, PART VI, SECTION C, LINE 19 THE COLLEGE DOES NOT MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY OR FINANCIAL STATEMENTS AVAILABLE TO THE GENERAL PUBLIC. THE CONFLICT OF INTEREST STATEMENT AND BY-LAWS ARE AVAILABLE ON THE COLLEGE'S INTRANET WEBSITE TO INDIVIDUALS WITH ACCESS TO THE COLLEGE'S NETWORK. THE COLLEGE MAKES IT'S FINANCIAL STATEMENTS AVAILABLE TO COLLEGE EMPLOYEES THROUGH INDIVIDUAL REQUEST MADE TO THE COLLEGE'S CONTROLLER DURING REGULARLY SCHEDULED BUSINESS HOURS. FORM 990, PART VI, LINE 14: THE COLLEGE HAS INFORMAL PRACTICES IN PLACE FOR DOCUMENT RETENTION AND DESTRUCTION AND IS IN THE PROCESS OF FORMALIZING A WRITTEN POLICY. FORM 990, PART XI, LINE 9: CHANGE IN BENEFICIAL INTEREST IN PERPETUAL TRUSTS 444,270. CHANGE IN CHARITABLE REMAINDER TRUST 12,198. FORM 990, PART XII, LINE 2C: THERE HAS BEEN NO CHANGE IN THE SELECTION OR OVERSIGHT OF THE COLLEGE'S INDEPENDENT AUDITORS. THE COLLEGE'S AUDIT COMMITTEE MEETS WITH THE REPRESENTATIVES OF THE INDEPENDENT AUDITORS AT LEAST TWO TIMES PER YEAR. THE COMMITTEE REVIEWS THE QUALIFICATIONS, COMPENSATION, AND SERVICES PROVIDED BY THE INDEPENDENT AUDITING FIRM. THE AUDIT COMMITTEE REVIEWS AND EXECUTES THE ENGAGEMENT LETTERS RELATED TO THE SERVICES PROVIDED AND REVIEWS ALL COMMUNICATIONS REQUIRED BY AUDITING STANDARDS GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA. THE AUDIT COMMITTEE RECOMMENDS APPOINTMENT OF THE INDEPENDENT AUDITORS TO THE FULL BOARD FOR APPROVAL ANNUALLY. SBM HTC LLC 133 N RIVER ST WILKES BARRE PA 18711 611577658 RENTAL REAL ESTATE PA N/A 0 0 SPRING BROOK MEMORIAL LLC 133 N RIVER ST WILKES BARRE PA 18711 823759006 RENTAL REAL ESTATE PA N/A 0 0 SBM HTC HOLDINGS LLC 133 NORTH RIVER STREET WILKES BARRE PA 18711 831845393 REAL ESTATE INVESTMENT PA KING'S COLLEGE C -325389 787671 1.00000 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0