2022-05-12T13:51:35-05:00 2021-06-30 251408703 SCHNEIDER DOWNS & CO INC ONE PPG PLACE SUITE 1700 PITTSBURGH PA 15222 990 2020-07-01 250965601 WASHINGTON & JEFFERSON COLLEGE WASH 7242236009 60 S LINCOLN STREET WASHINGTON PA 15301 JOHN C KNAPP PRESIDENT 7242236009 2022-05-10 1 JOHN KNAPP 999009999 SARAH R PIOT P01358891 4122613644 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z JOHN C KNAPP 60 S LINCOLN STREET WASHINGTON PA 15301 138707656 0 X WWW.WASHJEFF.EDU X 1781 PA PROMOTE EDUCATION, THE DEVELOPMENT OF SKILLS, KNOWLEDGE, AND PERSONAL QUALITIES. 25 23 1027 219 84 0 8538829 10321564 74015971 65455997 -403566 10287621 1084 32983 82152318 86098165 35576552 35714586 0 0 31856991 29063260 0 9500 1414596 27442696 27305331 94876239 92092677 -12723921 -5994512 317857588 339242520 70564363 69385208 247293225 269857312 X TO GRADUATE PEOPLE OF UNCOMMON INTEGRITY, COMPETENCE, AND MATURITY, WHO ARE EFFECTIVE LIFELONG LEARNERS AND RESPONSIBLE CITIZENS, AND WHO ARE PREPARED TO CONTRIBUTE SUBSTANTIALLY TO THE WORLD IN WHICH THEY LIVE. 0 0 69514229 35714586 65455997 WASHINGTON & JEFFERSON COLLEGE, FOUNDED IN 1781, IS KNOWN FOR ITS HIGHLY CUSTOMIZED AND INTELLECTUALLY ENGAGING STUDENT EXPERIENCE THAT DEVELOPS PROFESSIONALS OF UNCOMMON INTEGRITY TO LEAD IN AN EVER-CHANGING WORLD. THE FOUR HALLMARKS OF THIS EXPERIENCE ARE "CUSTOMIZED JOURNEYS," A UNIQUE, LIFE-CYCLE APPROACH TO SELF-DISCOVERY, ACADEMIC ADVISING AND CAREER DEVELOPMENT; "INTELLECTUAL ENGAGEMENT," INCLUDING A REQUIREMENT TO STUDY BROADLY IN TWO DIFFERENT ACADEMIC AREAS; "PROFESSIONAL READINESS," INDIVIDUALIZED DEVELOPMENTAL EXPERIENCES INCLUDING A REQUIRED PRACTICUM RELEVANT TO A DESIRED CAREER; AND "ETHICAL LEADERSHIP," A FOUR-YEAR CURRICULAR AND CO-CURRICULAR PROGRAM FOR ALL STUDENTS TO DEVELOP COMPETENCIES IN CONFLICT RESOLUTION, CIVIL DISCOURSE, PROFESSIONALISM, AND SERVICE TO OTHERS. STATISTICS - UNDERGRADUATE STUDENTS: 1,162 FULL-TIME EQUIVALENT STUDENTS INCLUDING 246 GRADUATES.BASED ON GUIDANCE FROM THE PENNSYLVANIA DEPARTMENT OF HEALTH ALONG WITH THE CENTERS FOR DISEASE CONTROL AND PREVENTION, THE COLLEGE FOLLOWED NUMEROUS OPERATING RECOMMENDATIONS FOR INSTITUTIONS OF HIGHER EDUCATION. THESE PROTOCOLS INCLUDED BUT WERE NOT LIMITED TO THE FOLLOWING ITEMS: 1) SIGNIFICANTLY REDUCED THE NUMBER OF STUDENTS WHO WERE ELIGIBLE TO LIVE ON CAMPUS; 2) RE-CONFIGURED CLASSROOMS, RESIDENCE HALLS, EATING SPACES AND OTHER COMMON AREAS TO ALLOW FOR RECOMMENDED SOCIAL DISTANCING; 3) IMPLEMENTED REGULAR COVID-19 TESTING AND ESTABLISHED ISOLATION AND QUARANTINE PROTOCOLS; 4) CONDUCTED ENHANCED CLEANING AND DISINFECTING THROUGHOUT CAMPUS; 5) MODIFIED AIR HANDLERS AND FILTERS FOR HVAC SYSTEMS; 6) POSTED SIGNS ON BUILDING ENTRANCES AND THROUGHOUT CAMPUS TO COMMUNICATE COVID-19 PROTOCOLS; AND 7) NUMEROUS OTHER COVID-19 MITIGATION INITIATIVES. 10596809 WASHINGTON & JEFFERSON COLLEGE OFFERS AUXILIARY SERVICES SUCH AS THE OPERATION OF THE CAMPUS STORE, CONFERENCES & EVENTS, AND LAUNDRY TO ENHANCE THE OVERALL EXPERIENCE OF ITS STUDENTS. 80111038 1 1 0 0 0 0 1 1 0 1 1 1 0 0 1 1 1 0 1 0 1 0 1 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 1 0 0 0 1 1517 0 1 1027 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 25 23 0 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 PA X T SZEJKO ASSOC VP FOR BUS & FINANCECONTROLLER 7242236009 60 S LINCOLN STREET WASHINGTON PA 15301 JOHN C KNAPP PRESIDENT 70.00 X X 389394 0 114522 JEFFREY FRICK VP FOR ACADEMIC AFFAIRS/DEAN OF COLLEGE 60.00 X 199593 0 26090 JAMES IRWIN VP FOR BUSINESS & FINANCE/CFO 60.00 X 192548 0 25252 NICOLE FOCARETO VP FOR ENROLLMENT 60.00 X 177466 0 14862 KELLY KIMBERLAND VP FOR COMMUNICATIONS & MARKETING 60.00 X 168410 0 14541 EVA CHATTERJEE-SUTTON VP FOR STUDENT LIFE/DEAN OF STUDENTS 60.00 X 137496 0 40021 MICHELE HUFNAGEL INTERIM VP FOR DEV. & ALUMNI ENGAGEMENT 60.00 X 166746 0 6479 CAROLYN CAMPBELL-GOLDEN VP FOR DEV. & ALUMNI ENGAGEMENT 60.00 X 142706 0 16019 THOMAS SZEJKO ASSOCIATE VP FOR BUSINESS & FINANCE/CONTROLLER 60.00 X 135704 0 22717 MICHAEL CRABTREE PROFESSOR 40.00 X 113905 0 24201 KEITH GHEZZI MD CHAIRMAN 6.00 X X 0 0 0 DONNA HALEY GRIER TREASURER 3.00 X X 0 0 0 CHARLES F MARCY VICE CHAIRMAN 2.50 X X 0 0 0 JOSEPH H MENENDEZ VICE CHAIRMAN 2.50 X X 0 0 0 REYNOLD MOONEY VICE CHAIRMAN 2.50 X X 0 0 0 A MICHAEL PRATT ESQ SECRETARY 2.50 X X 0 0 0 JACQUELINE BAUER TRUSTEE 1.00 X 0 0 0 RICHARD F BEATTY MD TRUSTEE (EXITED 12/2020) 1.00 X 0 0 0 JOHN C BURNS TRUSTEE 2.00 X 0 0 0 RICHARD T CLARK TRUSTEE 1.00 X 0 0 0 LYN M DYSTER PHD TRUSTEE 1.00 X 0 0 0 COLEMAN HUGHLEY TRUSTEE 1.00 X 0 0 0 BETSEY HURWITZ-SCHWAB TRUSTEE (EXITED 5/2021) 1.00 X 0 0 0 REV MARK L JOHNSON SR TRUSTEE 1.00 X 0 0 0 CLYDE B JONES III TRUSTEE 1.00 X 0 0 0 KENNETH MELANI MD TRUSTEE 1.00 X 0 0 0 CHARLES T NASON TRUSTEE 1.00 X 0 0 0 PEGGY NORTHROP TRUSTEE 1.00 X 0 0 0 DONNA LUCAS PELLEGRINI MD TRUSTEE (EXITED 5/2021) 1.00 X 0 0 0 B JOHN PENDLETON JR TRUSTEE 1.00 X 0 0 0 DAVID A ROSS TRUSTEE 2.00 X 0 0 0 LOUISE K ROSS TRUSTEE 1.00 X 0 0 0 STEPHEN M ROSS TRUSTEE 2.00 X 0 0 0 E RONALD SALVITTI II TRUSTEE 1.00 X 0 0 0 JOHN D SIMON TRUSTEE 2.00 X 0 0 0 ROBERT G WALKER PHD TRUSTEE 2.00 X 0 0 0 JIMIL B WILSON TRUSTEE 2.00 X 0 0 0 1823968 0 304704 21 0 1 0 BON APPETIT MANAGEMENT COMPANY 2400 YORKMONT ROAD CHARLOTTE NC 28217 FOOD SERVICES 1479452 METZ CULINARY MANAGEMENT TWO WOODLAND DRIVE DALLAS PA 18612 FOOD SERVICES 1261767 MOSITES CONSTRUCTION COMPANY 400 MOSITES WAY PITTSBURGH PA 15205 CONSTRUCTION 1254429 CHADWICK CONTRACTING LLC 3854 JEFFERSON AVENUE WASHINGTON PA 15301 CONSTRUCTION 644073 3 ENROLLMENT MARKETING 352 MAIN STREET 333 ONEONTA NY 13820 MARKETING SERVICES 583975 26 1978574 8342990 457593 10321564 TUITION AND FEES 900099 56950198 56950198 STUDENT SERVICES 900099 8081716 8081716 AUXILIARY PROGRAM SERVICES 900099 424083 424083 65455997 1648695 84 1648611 52943 52943 47730 159250 -111520 -111520 -111520 60868965 2233 52182535 49737 8686430 -47504 8638926 8638926 31148 18986 12162 12162 278381 198983 79398 79398 86098165 65455997 84 10320520 35164127 35164127 550459 550459 1116607 408744 628439 79424 20996056 16420590 3704120 871346 378205 322737 47286 8182 4948512 3449272 1356251 142989 1623880 1236580 314651 72649 382986 382986 136290 2681 133609 129547 129547 9500 9500 525070 525070 3491282 3273945 173520 43817 781855 421435 352323 8097 594391 414588 113515 66288 832596 498817 303428 30351 3255788 3034498 221290 71118 45872 6709 18537 760192 199003 510932 50257 2603347 2603347 7754604 7481535 273069 497895 477945 19950 STUDENT ACADEMIC /PROGR 1405749 1380214 25535 STUDENT RECRUITING COST 777614 777614 ATHLETIC & GAME EXPENSE 547116 533919 13197 2757891 1030130 1714602 13159 92092677 80111038 10567043 1414596 8000 2000 31944704 23910199 815347 1703099 1511450 2241406 732316 593595 183187 151701 1049004 1063644 276401644 119427521 156284139 156974123 70965599 80752193 54363842 71850560 317857588 339242520 2835609 5678379 2506418 1078311 54022786 51868276 11199550 10760242 70564363 69385208 X 124951296 120701519 122341929 149155793 247293225 269857312 317857588 339242520 X -5994512 28342454 216145 X X 0 1 X 1 1 1 X 7664370 8145502 6334037 8538829 10321564 41004302 7664370 8145502 6334037 8538829 10321564 41004302 7366037 33638265 904011 1513187 2054839 2404652 1749368 8626057 92793 34182 52348 179323 49809682 385385698 0.67530 0.65160 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 1000000 1000000 1000000 1000000 4000000 6000000 32500 21000 53500 250000 250000 250000 250000 1000000 1500000 X 1 1.43 1 0 0 1 1 16.00 0 1 X X 0 127019087 3060896 35848576 3749025 7519866 154659668 136317355 1694663 -2996964 3480612 4515355 127019087 138241803 1939456 4547921 7230548 1181277 136317355 133900475 1978512 10989096 7280599 1345681 138241803 127430001 3561443 12833132 6206133 3717968 133900475 0.15000 0.57560 0.27440 0 0 11053652 11053652 216877645 82979281 133898364 39993683 31289432 8704251 8476664 5158808 3317856 156974123 200005 F INVESTMENT IN LIMITED PARTNERSHIPS 15767213 F INT'L GROWTH EQUITY FUND 3883106 F INVEST. IN OTHER HEDGE FUNDS 40416154 F INVESTMENTS - REAL ESTATE 883743 C CASH SURRENDER VALUE OF LIFE INSURANCE POLICIES 489896 F SECURITIES HELD IN TRUST BY OTHERS 7470016 F ANNUITIES 2740427 F 71850560 ACCRUED RETIREE HEALTHCARE BENEFITS 3731624 FED. GOV ADVANCES FOR STUDENT LOANS 1048696 LIABILITIES UNDER LIFE INTEREST AGREEMENT 4635276 DEPOSITS HELD IN CUSTODY FOR OTHERS 1344646 10760242 X 78794327 28342454 593364 28935818 49858509 525070 35714586 36239656 86098165 56230240 377219 377219 55853021 525070 35714586 36239656 92092677 PART II, LINE 9: WASHINGTON AND JEFFERSON COLLEGE DOES NOT INCLUDE A FOOTNOTE IN THE AUDITED FINANCIAL STATEMENTS RELATED TO CONSERVATION EASEMENTS, HOWEVER, THE PROPERTY SUBJECT TO THE CONSERVATION EASEMENT IS INCLUDED AS AN ASSET WITHIN THE FINANCIAL STATEMENTS OF THE COLLEGE. PART III, LINE 1A: THE COLLEGE'S COLLECTIONS INCLUDE PAINTINGS, PRINTS, PHOTOGRAPHS, SCULPTURES, DRAWINGS AND WATERCOLORS, AND DECORATIVE ARTS. THESE ITEMS ARE HELD FOR EDUCATIONAL, RESEARCH, SCIENTIFIC AND CURATORIAL PURPOSES. EACH OF THE ITEMS IS CATALOGED, PRESERVED AND CARED FOR, AND ACTIVITIES VERIFYING THEIR EXISTENCE AND ASSESSING THEIR CONDITION ARE PERFORMED CONTINUOUSLY. PURCHASES OF COLLECTION ITEMS ARE RECORDED AS OPERATING EXPENDITURES IN THE YEAR IN WHICH THE ITEMS ARE ACQUIRED. CONTRIBUTED COLLECTION ITEMS ARE NOT REFLECTED IN THE FINANCIAL STATEMENTS DUE TO IMMATERIALITY. PART III, LINE 4: COLLECTIONS ARE USED TO FURTHER THE EDUCATIONAL PURPOSES OF THE COLLEGE. PART V, LINE 4: THE COLLEGE'S ENDOWMENT CONSISTS OF VARIOUS INVESTMENT FUNDS ESTABLISHED PRIMARILY FOR SUPPORT OF THE COLLEGE'S MISSION. ITS ENDOWMENT INCLUDES DONOR-RESTRICTED AS WELL AS BOARD-DESIGNATED ENDOWMENT FUNDS. AS REQUIRED BY GENERALLY ACCEPTED ACCOUNTING PRINCIPLES, NET ASSETS ASSOCIATED WITH ENDOWMENT FUNDS, INCLUDING FUNDS DESIGNATED BY THE COLLEGE TO FUNCTION AS ENDOWMENTS, ARE CLASSIFIED AND REPORTED BASED ON THE EXISTENCE OR ABSENCE OF DONOR-IMPOSED RESTRICTIONS. THE TRUSTEES OF THE COLLEGE ELECTED TO BE GOVERNED BY THE COMMONWEALTH OF PENNSYLVANIA'S ACT 2484 (ACT 2484), WHICH INCREASES THE PERCENTAGE OF THE AVERAGE MARKET VALUE OF THE ENDOWMENT'S INVESTMENTS WITH DONOR RESTRICTIONS AS INCOME EACH YEAR TO 10%. HOWEVER, THE LONG-TERM PRESERVATION OF THE REAL VALUE OF THE ASSETS MUST BE TAKEN INTO CONSIDERATION WHEN THE BOARD ELECTS THE AMOUNT. ON AN ANNUAL BASIS, THE COLLEGE ELECTS A SPENDING RATE NOT TO EXCEED 10% FOR THE YEAR ENDED JUNE 30, 2021, AS APPROVED BY THE BOARD. THE COLLEGE CLASSIFIES NET ASSETS WITH DONOR RESTRICTIONS AS THE ORIGINAL VALUE OF GIFTS DONATED TO THE PERMANENT ENDOWMENT. EARNINGS ON THESE GIFTS ARE ACCUMULATED IN NET ASSETS WITH DONOR RESTRICTIONS. IN ACCORDANCE WITH ACT 2484, THE COLLEGE HAS ADOPTED A WRITTEN INVESTMENT POLICY, OF WHICH A SECTION SPECIFICALLY RELATES TO THE ENDOWMENT FUND. THE COLLEGE CONSIDERS THE FOLLOWING FACTORS IN MAKING A DETERMINATION TO SET A SPENDING RATE: 1. PROTECTING THE CORPUS OF THE ENDOWMENT FUND. 2. PRESERVING THE SPENDING POWER OF THE ASSETS. 3. OBTAINING MAXIMUM INVESTMENT RETURN WITH REASONABLE RISK AND OPERATIONAL CONSIDERATION. 4. COMPLYING WITH APPLICABLE LAWS. PART X, LINE 2: PROVISION FOR FEDERAL TAXES ON INCOME HAS NOT BEEN MADE IN THE ACCOMPANYING FINANCIAL STATEMENTS, SINCE THE INTERNAL REVENUE SERVICE HAS DETERMINED THAT THE COLLEGE IS AN EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC). THE COLLEGE HAS BEEN FURTHER CLASSIFIED AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION UNDER SECTIONS 509(A)(1) AND 170(1)(A) OF THE IRC. HOWEVER, TO THE EXTENT THAT SOME AUXILIARY REVENUES EXCEED THE RELATED EXPENSES, THEY ARE CONSIDERED UNRELATED BUSINESS INCOME AND SUBJECT TO INCOME TAX. THE COLLEGE FOLLOWS THE PROVISIONS OF THE FASB CODIFICATION TOPIC RELATING TO ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. THIS PRESCRIBES A MINIMUM RECOGNITION THRESHOLD AND MEASUREMENT METHODOLOGY THAT A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN IS REQUIRED TO MEET BEFORE BEING RECOGNIZED IN FINANCIAL STATEMENTS. THE COLLEGE'S STATEMENTS OF FINANCIAL POSITION AT JUNE 30, 2021 AND 2020 DO NOT INCLUDE ANY LIABILITIES ASSOCIATED WITH UNCERTAIN TAX POSITIONS; FURTHER, THE COLLEGE HAS NO UNRECOGNIZED TAX BENEFITS. THE COLLEGE BELIEVES THAT IT IS NO LONGER SUBJECT TO EXAMINATION OF ITS TAX RETURNS FOR YEARS PRIOR TO 2018. PART XI, LINE 2D - OTHER ADJUSTMENTS: COSTS OF GOODS SOLD 198,983. RENTAL EXPENSES 159,250. CHANGES IN VALUE OF SPLIT-INTEREST AGREEMENTS 216,145. SPECIAL EVENT EXPENSE 18,986. PART XI, LINE 4B - OTHER ADJUSTMENTS: STUDENT FINANCIAL AID 35,714,586. PART XII, LINE 2D - OTHER ADJUSTMENTS: COSTS OF GOODS SOLD 198,983. RENTAL EXPENSES 159,250. SPECIAL EVENT EXPENSE 18,986. PART XII, LINE 4B - OTHER ADJUSTMENTS: STUDENT FINANCIAL AID 35,714,586. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 WASHINGTON AND JEFFERSON COLLEGE ACTIVELY RECRUITS STUDENTS IN ALL 50 STATES, WASHINGTON, D.C., PUERTO RICO, THE VIRGIN ISLANDS AND VARIOUS INTERNATIONAL COUNTRIES. IT IS THE OPINION OF THE COLLEGE THAT IT WOULD BE COST PROHIBITIVE TO PUBLICIZE THE COLLEGE'S NONDISCRIMINATION POLICY (AS TO RACE, COLOR, SEX, HANDICAP, AGE, OR NATIONAL ORIGIN) THROUGH NEWSPAPER OR BROADCAST MEDIA IN SUCH A LARGE GEOGRAPHICAL AREA. THE COLLEGE'S RACIAL NONDISCRIMINATION POLICY (AND OTHER AFOREMENTIONED NONDISCRIMINATORY POLICIES) ARE PUBLISHED IN THE COLLEGE'S CATALOGUES, PROGRAM PROFILES, FINANCIAL AID BROCHURE, APPLICATION FORM, COLLEGE PUBLICATIONS AND OTHER WRITTEN COMMUNICATIONS WHICH ARE ROUTINELY PROVIDED TO ALL PROSPECTIVE STUDENTS. THIS POLICY IS ALSO POSTED ON THE COLLEGE'S INTERNET WEBSITE. SCHEDULE E, PART I, LINE 6 IN THE COURSE OF OUR BUSINESS AS A COLLEGE, THE INSTITUTION RECEIVES FEDERAL GRANTS. 1 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES STUDY ABROAD/ INTERNATIONAL VENDORS 28580 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 PROGRAM SERVICES STUDY ABROAD/ INTERNATIONAL VENDORS 117859 SOUTH ASIA 0 0 PROGRAM SERVICES STUDY ABROAD/ INTERNATIONAL VENDORS 4362 SUB-SAHARAN AFRICA 0 0 PROGRAM SERVICES STUDY ABROAD/ INTERNATIONAL VENDORS 14926 NORTH AMERICA 0 0 PROGRAM SERVICES STUDY ABROAD/ INTERNATIONAL VENDORS 7725 SOUTH AMERICA 0 0 PROGRAM SERVICES STUDY ABROAD/ INTERNATIONAL VENDORS 1573 MIDDLE EAST AND NORTH AFRICA 0 0 PROGRAM SERVICES STUDY ABROAD/ INTERNATIONAL VENDORS 5394 SUB-SAHARAN AFRICA 0 0 PROGRAM SERVICES STUDENT AID 77000 SOUTH AMERICA 0 0 PROGRAM SERVICES STUDENT AID 33000 NORTH AMERICA 0 0 PROGRAM SERVICES STUDENT AID 50612 MIDDLE EAST AND NORTH AFRICA 0 0 PROGRAM SERVICES STUDENT AID 128735 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 PROGRAM SERVICES STUDENT AID 82000 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICE STUDENT AID 179112 CENTRAL AMERICA AND THE CARIBBEAN INVESTMENTS 26704606 0 0 0 0 0 0 257419 27178065 27435484 STUDENT AID EAST ASIA AND THE PACIFIC 7 179112 CREDIT TO STUDENT'S ACCOUNTS FOR FINANCIAL AID N/A N/A STUDENT AID EUROPE (INCLUDING ICELAND & GREENLAND) 3 82000 CREDIT TO STUDENT'S ACCOUNTS FOR FINANCIAL AID N/A N/A STUDENT AID MIDDLE EAST AND NORTH AFRICA 4 128735 CREDIT TO STUDENT'S ACCOUNTS FOR FINANCIAL AID N/A N/A STUDENT AID NORTH AMERICA 1 50612 CREDIT TO STUDENT'S ACCOUNTS FOR FINANCIAL AID N/A N/A STUDENT AID SOUTH AMERICA 1 33000 CREDIT TO STUDENT'S ACCOUNTS FOR FINANCIAL AID N/A N/A STUDENT AID SUB-SAHARAN AFRICA 3 77000 CREDIT TO STUDENT'S ACCOUNTS FOR FINANCIAL AID N/A N/A 1 0 0 1 1 0 PART I, LINE 2: THE GRANT FUNDS AWARDED TO STUDENTS ARE APPLIED DIRECTLY TO THEIR STUDENT ACCOUNTS. USAGE IS MONITORED BY VIRTUE OF DIRECT ACCOUNT POSTING. PART III ACCOUNTING METHOD: 1 SCHOLARSHIPS AND STUDENT AID 1685 35056778 0 N/A N/A STUDENT ASSISTANCE FOR ACADEMIC SUPPORT 1 21190 0 N/A N/A STUDENT ASSISTANCE, STUDENT AWARDS 144 86159 0 N/A N/A PART I, LINE 2: GRANT FUNDS AWARDED TO STUDENTS ARE APPLIED DIRECTLY TO THEIR STUDENT ACCOUNTS. USAGE IS MONITORED BY VIRTUE OF DIRECT ACCOUNT POSTING. ELIGIBILITY AND AWARDING OF THE GRANTS IS DETERMINED BY THE FINANCIAL AID OFFICE. X X X X 1 1 X X X X X X 0 0 0 0 0 0 0 0 0 JOHN C KNAPP PRESIDENT 385645 0 0 0 3749 0 56182 0 58340 0 503916 0 0 0 JEFFREY FRICK VP FOR ACADEMIC AFFAIRS/DEAN OF COLLEGE 192205 0 0 0 7388 0 9750 0 16340 0 225683 0 0 0 JAMES IRWIN VP FOR BUSINESS & FINANCE/CFO 182149 0 0 0 10399 0 9250 0 16002 0 217800 0 0 0 NICOLE FOCARETO VP FOR ENROLLMENT 173252 0 0 0 4214 0 8670 0 6192 0 192328 0 0 0 KELLY KIMBERLAND VP FOR COMMUNICATIONS & MARKETING 167327 0 0 0 1083 0 8349 0 6192 0 182951 0 0 0 EVA CHATTERJEE-SUTTON VP FOR STUDENT LIFE/DEAN OF STUDENTS 136533 0 0 0 963 0 6981 0 33040 0 177517 0 0 0 MICHELE HUFNAGEL INTERIM VP FOR DEV. & ALUMNI ENGAGEMENT 161397 0 0 0 5349 0 5885 0 594 0 173225 0 0 0 CAROLYN CAMPBELL-GOLDEN VP FOR DEV. & ALUMNI ENGAGEMENT 139505 0 0 0 3201 0 700 0 15319 0 158725 0 0 0 THOMAS SZEJKO ASSOCIATE VP FOR BUSINESS & FINANCE/CONTROLLER 133841 0 0 0 1863 0 6936 0 15781 0 158421 0 0 0 PART I, LINE 1A HOUSING ALLOWANCE OR RESIDENCE FOR PERSONAL USE: FOR THE COLLEGE'S CONVENIENCE AND TO ENABLE THE PRESIDENT TO CARRY OUT HIS RESPONSIBILITIES, THE COLLEGE REQUIRES THE PRESIDENT TO LIVE IN THE PRESIDENT'S HOUSE, WHICH IS LOCATED ON THE COLLEGE CAMPUS, DURING HIS TERM AS PRESIDENT. HOUSING ALLOWANCE OR RESIDENCE FOR PERSONAL USE: FOR THE COLLEGE'S CONVENIENCE AND TO ENABLE THE VP FOR STUDENT LIFE/DEAN OF STUDENTS TO CARRY OUT HER RESPONSIBILITIES, THE COLLEGE REQUIRES THE VP FOR STUDENT LIFE/DEAN OF STUDENTS TO LIVE ON CAMPUS IN HOUSING THAT IS PROVIDED BY THE COLLEGE. CLUB MEMBERSHIPS: IN ORDER THAT THE PRESIDENT MAY ENTERTAIN POTENTIAL DONORS AND OTHER BUSINESS ASSOCIATES OF THE COLLEGE, THE COLLEGE PAYS FOR MEMBERSHIP AT THE DUQUESNE CLUB. ALL PERSONAL CHARGES ARE THE PRESIDENT'S RESPONSIBILITY. IN ADDITION, TO ENCOURAGE EDUCATIONAL AND GOOD BUSINESS RELATIONSHIPS, WASHINGTON & JEFFERSON COLLEGE MAKES AVAILABLE SOCIAL CLUB MEMBERSHIPS TO THE PRESIDENT AND SELECT SENIOR MANAGEMENT. A WASHINGTON COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY 251437320 938598BQ1 2017-12-21 57234942 REFUNDING OF 2010 SERIES 0 0 0 A 57234942 479595 56755347 2017 0 1 0 1 A 0 0 0 0 0 0 0 A 0 0 0 0 0 0 0 0 1 A 1 MARTHINSEN & SALVITTI INSURANCE GROUP MAJORITY OWNER 425581 CURRENT TRUSTEE HAS OWNERSHIP INTEREST IN INSURANCE PROVIDER. THE TRANSACTION INCLUDES AMOUNTS PAID TO INSURANCE POLICY PROVIDERS AND INSURANCE BROKERAGE FEES. 0 X 16 457593 FMV 0 0 1 0 PART I, COLUMN (B): THE NUMBER SHOWN IN COLUMN (B) REPRESENTS THE NUMBER OF CONTRIBUTIONS THE COLLEGE RECEIVED FOR EACH TYPE OF PROPERTY FOR THE YEAR ENDED JUNE 30, 2021. FORM 990, PART VI, SECTION A, LINE 1 THE EXECUTIVE COMMITTEE SHALL HAVE THE FULL POWER OF THE BOARD OF TRUSTEES AT ALL TIMES WHEN THE BOARD OF TRUSTEES IS NOT IN SESSION, EXCEPT FOR: THE ELECTION OF THE TRUSTEES AND OFFICERS OF THE BOARD; THE AMENDMENT OR REPEAL OF THE COLLEGE CHARTER OR BYLAWS, OR ANY RESOLUTION OF THE BOARD; THE CREATION OR DISSOLUTION OF COMMITTEES OF THE BOARD; THE ELECTION AND TERMINATION OF THE PRESIDENT OF THE COLLEGE; THE AWARDING OF DEGREES AND TENURE; THE APPROVAL OF THE ANNUAL BUDGET AND COMPREHENSIVE FEE (TUITION, FEES, ROOM AND BOARD); THE ACCEPTANCE OF AUDITED STATEMENTS; THE APPROVAL OF DEBT AND INVESTMENT POLICIES; AND CHANGES TO THE COLLEGE'S MISSION STATEMENT; PROVIDED, HOWEVER, THAT THE EXECUTIVE COMMITTEE MAY TAKE ANY SUCH EXCEPTED ACTION, OR ANY OTHER ACTION, IF AND TO THE EXTENT SPECIFICALLY AUTHORIZED BY A RESOLUTION OF THE BOARD OF TRUSTEES. THE EXECUTIVE COMMITTEE MAY AUTHORIZE, WITHIN ANY TWELVE-MONTH PERIOD, EXPENDITURES UP TO $500,000 IN CONNECTION WITH THE DAY-TO-DAY OPERATION OF THE COLLEGE, PRESSING CIRCUMSTANCES AND FAVORABLE OPPORTUNITIES; PROVIDED THAT THE COMMITTEE (1) DULY CONSIDERS THE NATURE, IMPORTANCE AND COST OF THE PARTICULAR MATTER, THE IMPORTANCE OF TIMING, THE LENGTH OF TIME UNTIL THE NEXT BOARD MEETING, AND THE DESIRABILITY OF FULL BOARD APPROVAL; (2) OBTAINS THE APPROVAL OF THE CHAIRS OF ALL APPROPRIATE COMMITTEES, AND (3) DETERMINES THAT ANY SUCH EXPENDITURE IS FISCALLY PRUDENT AND CONSISTENT WITH THE MISSION OF THE COLLEGE. FORM 990, PART VI, SECTION A, LINE 4 THE BYLAWS WERE AMENDED IN MAY 2021 TO INCLUDE THE FOLLOWING CHANGES: ARTICLE II, SECTION 4B: TERMS FOR ALUMNI AND TERM TRUSTEES WERE MODIFIED ARTICLE II, SECTION 4D: THE ELIGIBILITY AND TERMS FOR NEW EMERITI TRUSTEES WERE MODIFIED FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE ASSOCIATE VICE PRESIDENT FOR BUSINESS & FINANCE/CONTROLLER AND THE VP FOR BUSINESS & FINANCE/CFO. HIGHLIGHTS OF THE FORM ARE THEN REVIEWED WITH THE PRESIDENT OF THE COLLEGE. THE FORM IS AVAILABLE TO THE BOARD ONLINE, FOR THEIR REVIEW, AND IS PRESENTED TO THE AUDIT COMMITTEE FOR THEIR REVIEW AND APPROVAL, PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST QUESTIONNAIRES ARE SENT ANNUALLY TO THE BOARD OF TRUSTEES AND SENIOR STAFF. THEY ARE RETURNED TO THE TITLE IX AND COMPLIANCE OFFICER, WHO REVIEWS THE QUESTIONNAIRES AND PREPARES A SUMMARY OF THE RESPONSES. THE SUMMARY IS SENT TO THE PRESIDENT, AUDIT AND RISK MANAGEMENT COMMITTEE CHAIRPERSON, AND THE BOARD OF TRUSTEES CHAIRPERSON FOR INITIAL REVIEW. THEN, THE TITLE IX AND COMPLIANCE OFFICER PRESENTS THE SUMMARY TO THE AUDIT AND RISK MANAGEMENT COMMITTEE SO THAT APPROPRIATE ACTION, IF ANY, CAN BE TAKEN. TRUSTEES OR SENIOR STAFF MEMBERS WHO HAVE A DISCLOSED CONFLICT OF INTEREST, SHALL REFRAIN AND BE ABSENT FROM CONSIDERATION OF RELATED MATTERS, EXCEPT TO THE EXTENT THAT THE BOARD REQUESTS INFORMATION OR INTERPRETATION. IN NO EVENT SHALL TRUSTEES, WHO HAVE A DISCLOSED CONFLICT, VOTE ON A MATTER OR BE PRESENT AT THE TIME OF A VOTE. FORM 990, PART VI, SECTION B, LINE 15 -PRESIDENT: THE EMPLOYMENT CONTRACT INCLUDED A SALARY/BENEFITS REVIEW PERFORMED BY AN UNRELATED THIRD PARTY ON BEHALF OF THE BOARD OF TRUSTEES, AND THE CONTRACT WAS APPROVED BY AN INDEPENDENT BOARD. THE PROCESS INCLUDED AN ANALYSIS OF COMPARABLE SALARY AND BENEFIT DATA. THE BOARD APPROVAL WAS DOCUMENTED IN THE MINUTES. -VP FOR BUSINESS & FINANCE/CFO: THE COLLEGE SUBCONTRACTED TO AN UNRELATED CONSULTANT GROUP FOR A SALARY AND BENEFITS REVIEW, INCLUDING AN ANALYSIS OF COMPARABLE DATA, AND ASSISTANCE WITH THE HIRING PROCESS. THE BOARD AND THE SENIOR STAFF ALSO PARTICIPATED IN THE PROCESS. FORM 990, PART VI, SECTION C, LINE 19 THE COLLEGE MAKES ITS GOVERNANCE DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST, TYPICALLY VIA EMAIL. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS 216,145. FORM 990, PART XII, QUESTION 2C, OVERSIGHT OF FINANCIAL STATEMENT AUDIT: THE AUDIT AND RISK MANAGEMENT COMMITTEE OF THE BOARD OF TRUSTEES MEETS THREE TIMES A YEAR WITH THE COLLEGE'S EXTERNAL AUDITORS. THE FIRST MEETING TAKES PLACE IN THE PRE AUDIT PLANNING PHASE, AND THE SECOND MEETING IS AFTER THE AUDIT FIELDWORK IS COMPLETED, TO REVIEW THE RESULTS WITH THE AUDITORS. THE COMMITTEE THEN VOTES TO APPROVE THE RESULTS OF THE AUDITED FINANCIAL STATEMENTS AND PRESENTS THE RESULTS TO THE FULL BOARD. THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. FORM 990, PART VII, EMERITUS TRUSTEES: THE FOLLOWING INDIVIDUALS SERVE AS EMERITUS TRUSTEES OF WASHINGTON & JEFFERSON COLLEGE WITH NO VOTING RIGHTS: JERRELL L. ANGELL, WALTER COOPER, JOHN R. ECHEMENT, WALTER FLAMENBAUM, M.D., JOHN E. FRAZIER II, M.D., JOSEPH A. HARDY, SR., JAMES H. KNEPSHIELD, VICTOR LAZZARO, JR., WILLIAM N. MACARTNEY III, JOHN L.S. NORTHROP, RONALD V. PELLEGRINI, M.D., JAMES L. PHILLIPS, M.D., ANICA D. RAWNSLEY, FRANKLIN RUMORE, M.D., E. RONALD SALVITTI, M.D., RONALD P. SANDMEYER, SR., ROBERT H. SHOOP, JR., ESQ., ROBERT B. SHUST, WILLIAM M. STOUT CHARITABLE REMAINDER UNITRUST (6) PHILANTHROPY PA WASHINGTON & JEFFERSON COLLEGE T 0 CHARITABLE REMAINDER TRUST (2) PHILANTHROPY PA WASHINGTON & JEFFERSON COLLEGE T 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0