2022-04-18T09:48:09-05:00 2021-05-31 390859910 BAKER TILLY US LLP 1570 FRUITVILLE PIKE SUITE 400 LANCASTER PA 17601 990 2020-06-01 231352615 ALBRIGHT COLLEGE ALBR 6109217749 13TH BERN STREETS PO BOX 15234 READING PA 196125234 JEFFREY L STRADER VP, FINANCE/STRAT. PTN 6109217749 2022-04-14 1 JEFFREY STRADER 999009999 KERRI N BOGDA CPA P00760402 7177404863 X 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z JACQUELYN S FETROW 13TH BERN STREETS PO BOX 15234 READING PA 196125234 83782311 0 X WWW.ALBRIGHT.EDU X 1928 PA PROMOTING A COMMITMENT TO LIFELONG LEARNING WITH A FOUNDATION IN THE LIBERAL ARTS. 33 32 980 95 164391 0 5636028 11946403 49325107 48748368 10590468 3574911 1843505 1520224 67395108 65789906 18353261 20469992 0 0 26559440 27374786 0 0 1652190 23006832 23621766 67919533 71466544 -524425 -5676638 172962647 220101715 57050613 93564219 115912034 126537496 X AS A DIVERSE COMMUNITY OF LEARNERS, WE CULTIVATE INTEGRITY, CURIOSITY, CONNECTION AND RESILIENCE. 0 0 59091825 20469992 48787624 NAMED 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 OPTIONS FOR POST-TRADITIONAL LEARNERS SEEKING ACCELERATED BACHELOR'S DEGREES. THE SCHOOL OF PROFESSIONAL STUDIES ALSO OFFERS A MASTER'S DEGREE IN EDUCATION AND MULTIPLE ONLINE PROGRAMS, INCLUDING AN ADDICTION STUDIES MINOR AND CERTIFICATE PROGRAM. THE ADDICTION STUDIES PROGRAM FULFILLS THE EDUCATIONAL REQUIREMENTS NEEDED TO BECOME CERTIFIED AS AN ALCOHOL AND DRUG COUNSELOR (CADC), OR ASSOCIATE ADDICTION COUNSELOR (AAC) BY THE PENNSYLVANIA CERTIFICATION BOARD.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 32 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 EDUCATION 59091825 1 1 0 0 0 0 0 1 0 1 1 1 0 1 1 1 0 1 1 0 1 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 1 0 0 1 1 0 0 0 0 1 0 0 0 1 2248 0 980 1 1 1 1 GK CS 0 0 0 1 1 0 0 0 0 0 0 X 33 32 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 PA X AMANDA STAHL CONTROLLER 6109217749 13TH BERN STREETS PO BOX 15234 READING PA 196125234 JACQUELYN S FETROW PHD PRESIDENT 39.75 0.25 X X 322980 0 38758 DWAYNE L WALKER VP - ENROLLMENT MGT 40.00 X 168153 0 28159 WENDY K PARSONS VP- ADVANCEMENT 40.00 X 155687 0 25827 JEFFREY L STRADER VP, FINANCE/STRAT. PTN 40.00 X 139411 0 22862 KAREN CAMPBELL SR. VP FOR ACADEMIC AFFAIR 40.00 X 142134 0 15437 SAMANTHA WESNER SR. VP-STUD. & CAMP. LIFE 40.00 X 131612 0 14952 JASON U HOERR VP, DIGITAL STRAT./INFRAS. 40.00 X 93332 0 49384 JOSHUA WILLIAMSON COLLEGE PHYSICIAN 40.00 X 114514 0 22909 RODNEY WARFIELD PROF. OF EDUCATION 40.00 X 119990 0 13364 ANTHONY MERLINO ASSOCIATE DEAN 40.00 X 114460 0 12499 BRENDA INGRAM-WALLACE ASSOC. PROF. OF PSYCH. 40.00 X 111391 0 13967 DANIEL FALABELLA PROF. OF COMP. SCIENCE 40.00 X 108017 0 13134 JENNIFER STOUDT VP FOR COMMUNICATIONS 40.00 X 93868 0 13119 RICHARD FERRY CO-DIR., ATHLETICS 40.00 X 75340 0 20551 JANICE LUCK CO-DIR., ATHLETICS 40.00 X 79657 0 12419 RONALD SCHEESE CHAIRMAN 1.00 X X 0 0 0 TIFFENIA D ARCHIE VICE CHAIR 1.00 X X 0 0 0 ROSS D MILLER ESQ SECRETARY 1.00 X X 0 0 0 TED C ABRAMS TRUSTEE 1.00 X 0 0 0 SUZANNE E ANDERSON MED PCC TRUSTEE 1.00 X 0 0 0 DAWN J ANUSZKIEWICZ TRUSTEE 1.00 X 0 0 0 THOMAS A CHAVES TRUSTEE 1.00 X 0 0 0 STEPHANIE DUPAUL EDD TRUSTEE 1.00 X 0 0 0 ROBERT M FORD TRUSTEE 1.00 X 0 0 0 BENEDETTO FRANCO TRUSTEE 1.00 X 0 0 0 KATHLEEN J GRANT MD TRUSTEE 1.00 X 0 0 0 JEFFREY W GRIFFITHS TRUSTEE 1.00 X 0 0 0 JOSEPHINE A GRUBER TRUSTEE 1.00 X 0 0 0 KRISTINE HAZZARD TRUSTEE 1.00 X 0 0 0 DANIEL B HUYETT ESQ TRUSTEE 1.00 X 0 0 0 ROBIN M HYNICKA TRUSTEE 1.00 X 0 0 0 SCOTT KEATON CPA TRUSTEE 1.00 X 0 0 0 KENNETH S LAKIN TRUSTEE 1.00 X 0 0 0 MICHAEL D LISS CPA TRUSTEE 1.00 X 0 0 0 KAREN A MARRONGELLE PHD TRUSTEE 1.00 X 0 0 0 JOHN P MCALLISTER TRUSTEE 1.00 X 0 0 0 WC JACK MILLER TRUSTEE 1.00 X 0 0 0 WILLIAM M MURRAY TRUSTEE (UNTIL MARCH 2021) 1.00 X 0 0 0 CHARLES J PHILLIPS ESQ TRUSTEE 1.00 X 0 0 0 DEBORAH ST CLAIR RADWANSKI PHD TRUSTEE 1.00 X 0 0 0 MICHAEL H REESE TRUSTEE 1.00 X 0 0 0 JEFFREY T RIGG CPA TRUSTEE 1.00 X 0 0 0 MICHAEL D SCALES TRUSTEE 1.00 X 0 0 0 JORGE J SCHEIRER MD TRUSTEE 1.00 X 0 0 0 JOHN SCHULTZ ESQ TRUSTEE 1.00 X 0 0 0 NANCY G SHORES JD TRUSTEE 1.00 X 0 0 0 PETER D STANISLAWCZYK TRUSTEE 1.00 X 0 0 0 CHARNITA ZEIGLER-JOHNSON PHD TRUSTEE 1.00 X 0 0 0 1970546 0 317341 14 0 1 0 ARAMARK CORPORATION 131 S DEARBORN 6TH FL CHICAGO IL 60603 FOOD SVC PROVIDER 2363059 EAB GLOBAL INC PO BOX 603519 CHARLOTTE NC 282603519 RECRUITING SERVICE 407354 ELLIOTT-LEWIS CORPORATION 2900 BLACK LAKE PL PHILADELPHIA PA 19054 CONSTRUCTION SERVICES 395772 FOREMAN FLOORING LLC 3436 GRAY ST READING PA 19605 CONSTRUCTION SERVICES 381847 ALLIANCE BUSINESS PARTNERS LLC 1874 CATASAUQUA RD STE 390 ALLENTOWN PA 18109 ADVERTISING 329266 33 50000 19539 8182756 3694108 35792 11946403 TUITION AND FEES 611710 37379517 37379517 AUX ENT - ROOM AND BOARD 721310 10984753 10984753 AUX ENT - OTHER PROGRAM INCOME 900099 384098 384098 48748368 1867088 14927 1852161 1960 1960 532595 532595 682249 94099 588150 588150 60615 527535 19603686 17897823 1705863 1705863 1705863 0 19539 483 -483 -483 LATE PAYMENT FEES 900099 166287 166287 FITNESS CENTER REVENUE 713940 45163 45163 ATHLETICS AND AQUATICS PROG 900099 43686 43686 144826 39256 105570 399962 65789906 48787624 164391 4891488 20469992 20469992 1740983 641784 1019452 79747 19470583 14187291 4417369 865923 876687 641144 196588 38955 3677220 2662524 847160 167536 1609313 1132572 404777 71964 245819 245819 100000 100000 59556 59556 2005772 996347 947532 61893 356559 29023 327536 895732 709364 116839 69529 606313 368297 238006 10 175 175 4350319 4181825 139086 29408 110394 90559 19667 168 21594 19372 2222 1053048 979440 60761 12847 7192360 6689614 414999 87747 744742 697760 38782 8200 FOOD SERVICES 2095093 2095093 RECRUITMENT 467123 467123 EMPL./STUDENT EXPENSES 439286 191100 234087 14099 BOOKS, PERIODICALS, ETC 295515 289982 99 5434 2582366 1551444 892192 138730 71466544 59091825 10722529 1652190 139342 175757 12115926 10732542 2251915 3312098 441234 1527270 230059 328446 1481895 1287345 184986978 108048647 78832710 76938331 47389795 56127721 8841677 13859357 5634346 4470643 34586172 15603748 16756033 172962647 220101715 10278719 10474595 2735385 2792214 1118852 1120000 38556223 37134880 3000000 4361434 39042530 57050613 93564219 X 42088258 38073524 73823776 88463972 115912034 126537496 172962647 220101715 X -5676638 16408462 -106362 X 0 1 X 1 1 1 X 5853568 3383443 8738000 5626023 11946403 35547437 5853568 3383443 8738000 5626023 11946403 35547437 1756196 33791241 1985494 2312419 3395005 2194615 2949827 12837360 479836 557329 966108 597324 271857 2872454 51257251 362724835 0.65920 0.61280 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: ALL OTHER REVENUE - 2016 AMOUNT: $ 479,836. 2017 AMOUNT: $ 557,329. 2018 AMOUNT: $ 966,108. 2019 AMOUNT: $ 597,324. 2020 AMOUNT: $ 271,857. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X 0 54844527 767565 16517631 2455375 2223185 67451163 58865085 1153703 1255189 1615051 4814399 54844527 57545229 4141433 685727 1743264 1764040 58865085 56513049 355679 3643251 1442151 1524599 57545229 51950077 923444 6127416 1204612 1178214 105062 56513049 0.17040 0.48200 0.34760 1 0 4830063 4830063 125887010 64521024 61365986 265671 250148 15523 43220220 34634875 8585345 10784014 8642600 2141414 76938331 OFFSHORE HEDGE FUND 971210 F DOMESTIC HEDGE FUNDS 12850685 F CENTRAL AMERICA INVESTMENT 37462 F 13859357 ASSETS HELD IN TRUST BY OTHERS 14631592 OTHER RECEIVABLES 1808947 OTHER ASSETS 96230 DUE FROM ALBRIGHT COLLEGE COSTA RICA 219251 DEPOSITS HELD BY BOND TRUSTEES 13 16756033 EARLY RETIREMENT 240792 POST RETIREMENT HEALTHCARE BENEFITS 16369 CHARITABLE GIFT ANNUITY CONTRACT LIAB 1126310 STUDENT DEPOSITS AND ADVANCE PAYMENTS 1353400 DEPOSITS HELD FOR OTHERS 703745 CAPITAL LEASE OBLIGATION 35601914 39042530 X 63927000 16408462 -18216360 -1807898 65734898 55008 55008 65789906 53339000 132044 132044 53206956 18259588 18259588 71466544 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 2021 AND 2020. 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 -17,884,742. TUITION DISCOUNT -165,700. INVESTMENT EXPENSES -59,556. CHANGE IN VALUE OF ANNUITY CONTRACT AGREEMENTS -106,362. PART XI, LINE 4B - OTHER ADJUSTMENTS: RENTAL EXPENSES -94,099. FUNDRAISING EVENT EXPENSES -483. PROGRAM EXPENSES NETTED AGAINST REVENUE 149,590. PART XII, LINE 2D - OTHER ADJUSTMENTS: EXPENSES ATTRIBUTABLE TO THE COSTA RICA CORPORATION 37,462. RENTAL EXPENSES 94,099. FUNDRAISING EVENT EXPENSE 483. PART XII, LINE 4B - OTHER ADJUSTMENTS: STUDENT AID 17,884,742. TUITION DISCOUNT 165,700. PROGRAM EXPENSES NETTED AGAINST REVENUE 149,590. INVESTMENT EXPENSES 59,556. 1 1 0 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 ALBRIGHT COLLEGE HAS SATISFIED THE PUBLICITY REQUIREMENT OF IRS REVENUE PROCEDURE 75-50, 1975-2 C.B. 587 SECTION 4.03 BY COMPLYING WITH SECTION 4.02. THE COLLEGE DRAWS A SUBSTANTIAL PERCENTAGE OF ITS STUDENTS NATIONWIDE AND FROM A LARGE GEOGRAPHIC AREA AND ENROLLS MINORITY STUDENTS IN MEANINGFUL NUMBERS, AND, THEREFORE, MEETS THE CONDITION IN SECTION 4.03 - 2(B). THE COLLEGE'S NONDISCRIMINATORY POLICY IS CONTAINED IN ITS SOLICITATION LITERATURE. SCHEDULE E, PART I, LINE 6 ALBRIGHT COLLEGE PARTICIPATES IN STUDENT FINANCIAL AID ASSISTANCE PROGRAMS OF VARIOUS FEDERAL AND STATE GOVERNMENTAL AGENCIES. FEDERAL PROGRAMS INCLUDE THE PELL GRANT PROGRAM, SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANT (SEOG) PROGRAM, FEDERAL WORK STUDY (FWS) PROGRAM, AND THE 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. CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 INVESTMENTS 37462 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 INVESTMENTS 971210 0 0 0 0 0 0 1008672 0 1008672 0 0 1 1 1 0 PART III ACCOUNTING METHOD: SCHEDULE F, PART IV, LINE 3 THE ORGANIZATION HAS 100% OWNERSHIP IN A FOREIGN CORPORATION AND FILES A FORM 5471 FOR THIS INVESTMENT. SCHEDULE F, PART IV, LINE 5 THE ORGANIZATION HAS INVESTMENTS IN FOREIGN PARTNERSHIPS BUT ITS PERCENTAGE OF OWNERSHIP DOES NOT EXCEED THE THRESHOLD FOR THE FILING OF FORM 8865. THE ORGANIZATION HAS INDIRECT INVESTMENTS IN PFICS BUT DOES NOT HAVE A REQUIREMENT TO FILE FORM 8621. RED & WHITE GOLF 19500 19500 483 19500 19500 483 483 -483 1 TRUSTEE GRANTS 1068 8468007 N/A PRESIDENTIAL/PROVOST SCHOLARSHIP 558 2866552 N/A JACOB ALBRIGHT SCHOLARSHIP 71 699380 N/A EUGENE SHIRK SCHOLARSHIP 19 72000 N/A ENDOWED SCHOLARSHIPS 355 2455375 N/A SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANTS 373 402468 N/A OTHER SCHOLARSHIPS, GRANTS AND AWARDS 495 2761600 N/A FOREIGN STUDENT SCHOLARSHIPS 8 57100 N/A TALENT AWARDS 15 18750 N/A ACADEMIC TALENT GRANT 18 21000 N/A COMMUNITY COLLEGE ACHIEVEMENT SCHOLARSHIP 21 28660 N/A ADVLIVESSUPP SCHOLARSHIP 12 33850 N/A HEERF STUDENT AID 1526 2585250 N/A PART I, LINE 2: THE COLLEGE MAKES GRANTS TO STUDENTS BASED UPON FINANCIAL NEED AND ACADEMIC EXCELLENCE. THE SELECTION OF GRANT RECIPIENTS IS MADE BASED UPON OBJECTIVE CRITERIA. NO ONE IS DISCRIMINATED AGAINST BASED UPON RACE, RELIGION, GENDER, ETHNIC BACKGROUND, AGE, HANDICAP OR ANY OTHER REASON. THE FINANCIAL AID DEPARTMENT ASSESSES AND MONITORS THE ELIGIBILITY AND AWARDING OF GRANTS AND SCHOLARSHIPS TO STUDENTS. IT IS ASSISTED IN ITS ON-GOING REVIEW BY THE RESOURCES OF THE REGISTRAR AND STUDENT ACCOUNTS DEPARTMENTS. X X 1 1 X X X 0 0 0 0 0 0 0 0 0 JACQUELYN S FETROW PHD PRESIDENT 319416 0 0 0 3564 0 16189 0 22569 0 361738 0 0 0 DWAYNE L WALKER VP - ENROLLMENT MGT 161100 0 0 0 7053 0 8750 0 19409 0 196312 0 0 0 WENDY K PARSONS VP- ADVANCEMENT 153531 0 0 0 2156 0 7952 0 17875 0 181514 0 0 0 JEFFREY L STRADER VP, FINANCE/STRAT. PTN 125780 0 0 0 13631 0 6521 0 16341 0 162273 0 0 0 KAREN CAMPBELL SR. VP FOR ACADEMIC AFFAIR 140291 0 0 0 1843 0 7068 0 8369 0 157571 0 0 0 PART I, LINE 1A HOUSING ALLOWANCE OR RESIDENCE FOR PERSONAL USE: A COLLEGE-OWNED HOUSE IS PROVIDED AS A RESIDENCE FOR THE PRESIDENT AND FAMILY. THE COLLEGE-OWNED HOUSING IS NOT TREATED AS A TAXABLE BENEFIT TO THE PRESIDENT SINCE IT MEETS THE DEFINITION OF 'QUALIFIED CAMPUS LODGING' UNDER INTERNAL REVENUE CODE SECTION 119(D). TRAVEL FOR COMPANIONS: TRAVEL WAS PROVIDED FOR THE PRESIDENT'S SPOUSE WHEN SUCH TRAVEL WAS NECESSARY FOR THE FURTHERANCE OF THE WORK OF THE COLLEGE. THE TRAVEL IS CONSIDERED NECESSARY FOR THE PRESIDENT'S POSITION AND IS THEREFORE NOT TREATED AS TAXABLE COMPENSATION. A THE BERKS COUNTY MUNICIPAL AUTHORITY 236647630 2017-07-03 10000000 ACQUIRE PROPERTY & REFUND ISSUE - 9/2/14 0 0 0 B THE BERKS COUNTY MUNICIPAL AUTHORITY 236647630 2017-08-01 10000000 REFUND PRIOR ISSUE - 12/30/2013 0 0 0 C THE BERKS COUNTY MUNICIPAL AUTHORITY 236647630 2017-08-01 10000000 REFUND PRIOR ISSUE - 12/30/2013 0 0 0 D THE BERKS COUNTY MUNICIPAL AUTHORITY 236647630 2017-08-01 5500000 REFUND PRIOR ISSUE - 12/30/2013 0 0 0 A 600946 10000000 176524 2484452 7339024 2017 1 0 1 1 B 1073766 10000000 10000000 2010 1 0 1 1 C 1073766 10000000 10000000 2010 1 0 1 1 D 550789 5500000 5500000 2010 1 0 1 1 A 0 0 1 1 0 0.00800 0.00000 0.00800 0 0 1 B 0 0 1 1 0 0.00600 0.00000 0.00600 0 0 1 C 0 0 1 1 0 0.00600 0.00000 0.00600 0 0 1 D 0 0 1 1 0 0.00600 0.00000 0.00600 0 0 1 A 0 0 1 1 1 0 0 0 1 B 0 0 1 1 1 0 0 0 1 C 0 0 1 1 1 0 0 0 1 D 0 0 1 1 1 0 0 0 1 A 1 B 1 C 1 D 1 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: THE BERKS COUNTY MUNICIPAL AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 01/03/2018 ISSUER NAME: THE BERKS COUNTY MUNICIPAL AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 02/01/2018 ISSUER NAME: THE BERKS COUNTY MUNICIPAL AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 02/01/2018 ISSUER NAME: THE BERKS COUNTY MUNICIPAL AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 02/01/2018 SCHEDULE K, PART IV, LINES 2A-2C: NOTE REGARDING THE REBATE COMPUTATIONS ON 1/3/2018 AND 2/1/2018: SINCE THE BOND PROCEEDS HAVE BEEN SPENT, A SPENDING EXCEPTION HAS BEEN MET, AND THE DEBT SERVICE FUND WAS OPERATED ON A BONA FIDE BASIS, NO FURTHER REBATE CALCULATIONS ARE NECESSARY. SCHEDULE K, PART II, LINE 3: THE TOTAL PROCEEDS DO NOT AGREE TO THE ISSUE PRICE IN PART I, COLUMN(E) DUE TO INVESTMENT EARNINGS. A WERNERSVILLE MUNICIPAL AUTHORITY 231627474 2017-12-20 3430000 ACQUIRE PROPERTY & REFUND ISSUE 0 0 0 A 225441 3468217 53722 3414495 2020 0 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 1 0 0 1 0 0 0 1 A 1 PER IRS INSTRUCTIONS NAMES ARE NOT PER IRS INSTRUCTIONS, INTERESTED PERSONS ARE NOT INDIVIDUALLY NAMED. 25500 TUITION EXCHANGE EMPLOYEE BENEFIT JOHN WEIDENHAMMER FORMER BOARD TRUSTEE AND OWNER OF WEIDENHAMMER SYSTEMS 214054 MR. WEIDENHAMMER IS OWNER OF WEIDENHAMMER SYSTEMS. THE ENTITY PROVIDES INFORMATION TECHNOLOGY SERVICES TO THE COLLEGE. ALL TRANSACTIONS ARE AT ARM'S LENGTH. 0 FORM 990, SCHEDULE L, PART IV: FORMER TRUSTEES: JOHN BAILEY JOHN D. SCHOLL JOHN P. WEIDENHAMMER CHRIST G. KRARAS JOHN K. ROESSNER III X 2 35792 NYSE 0 0 1 0 PART I, COLUMN (B): THE NUMBER OF CONTRIBUTORS IS REPORTED FOR ALL GIFTS. FORM 990, PART VI, SECTION A, LINE 3 THE COLLEGE ENGAGES ARAMARK CORPORATION TO PROVIDE FOOD SERVICES FOR THE COLLEGE COMMUNITY. BARNES AND NOBLE COLLEGE BOOKSTORE, LLC OPERATES AND PROVIDES SERVICES FOR THE COLLEGE'S BOOKSTORE. BRIGHT HORIZONS FAMILY SOLUTIONS OPERATES THE ALBRIGHT EARLY LEARNING CENTER. FORM 990, PART VI, SECTION B, LINE 11B THE INITIAL REVIEW IS PERFORMED BY THE COLLEGE'S FINANCE DEPARTMENT. ONCE MANAGEMENT IS SATISFIED, THE FORM 990 IS DISTRIBUTED TO THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES FOR REVIEW. FOLLOWING THAT REVIEW, A COMPLETE COPY OF THE RETURN IS POSTED ON THE BOARD OF TRUSTEES' INTRANET SITE FOR THE FULL BOARD'S ACCESS PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C ARTICLE XI, CONFLICT OF INTEREST OF THE BOARD OF TRUSTEES' BYLAWS REQUIRES ALL OF THE COLLEGE'S TRUSTEES AND OFFICERS TO SIGN A "CONFLICT OF INTEREST DISCLOSURE STATEMENT" ANNUALLY ACKNOWLEDGING HIS OR HER AFFIRMATIVE DUTY TO DISCLOSE CONFLICTS OF INTEREST, AND/OR POTENTIAL CONFLICTS OF INTEREST. THE BOARD OF TRUSTEES' TRUSTEESHIP AND GOVERNANCE COMMITTEE ROUTINELY REVIEWS AND DISCUSSES POTENTIAL CONFLICTS OF INTEREST AND THE ANNUAL STATEMENTS. THE COLLEGE WILL NOT TRANSACT BUSINESS WITH ANY ENTITY IN WHICH A TRUSTEE AND/OR OFFICER HAS AN INTEREST UNLESS SUCH INTEREST IS APPROPRIATELY DISCLOSED; THE INTERESTED TRUSTEE/OFFICER ABSTAINS FROM DELIBERATION OR VOTING ON THE MATTER; AND THE ACTION OR TRANSACTION IS DOCUMENTED CLEARLY IN THE BEST INTEREST OF THE COLLEGE. THE POLICY EXPLICITLY ADDRESSES THE RESPONSIBILITY TO DISCLOSE CONFLICTS OF INTEREST ASSOCIATED WITH FAMILY MEMBERS AND BUSINESSES. FORM 990, PART VI, SECTION B, LINE 15 THE PRESIDENT IS THE COLLEGE'S CHIEF EXECUTIVE OFFICER. ARTICLE V OF THE BOARD OF TRUSTEES' BYLAWS REQUIRES THAT THE PRESIDENT, IN CONJUNCTION WITH THE COMPENSATION COMMITTEE, DEVELOP ANNUAL PERFORMANCE OBJECTIVES FOR APPROVAL BY THE FULL BOARD. IT FURTHER REQUIRES THAT THE COMPENSATION COMMITTEE DETERMINE THE PRESIDENT'S COMPENSATION BASED ON THE ANNUAL PERFORMANCE ASSESSMENT AND REPORT SUCH FOR APPROVAL BY THE BOARD OF TRUSTEES. THE COMPENSATION OF OTHER OFFICERS (VICE-PRESIDENTS) AND ANNUAL PERFORMANCE ASSESSMENTS ARE THE RESPONSIBILITY OF THE PRESIDENT. ON AN ANNUAL BASIS, THE COLLEGE USES THE DATA PROVIDED TO REVIEW EXECUTIVE COMPENSATION LEVELS THROUGH PARTICIPATION IN THEIR EXECUTIVE COMPENSATION SURVEY FOR COLLEGES AND UNIVERSITIES. THESE SURVEYS GIVE COMPARATIVE DATA, INCLUDING SALARIES FOR EXECUTIVE LEVEL OFFICIALS (PRESIDENT AND VICE-PRESIDENTS), TO ENSURE THAT COMPENSATION DOES NOT EXCEED FAIR MARKET VALUE. THE PRESIDENT, IN CONCERT WITH THE DIRECTOR OF HUMAN RESOURCES, IS RESPONSIBLE FOR REVIEWING AND ESTABLISHING ONGOING SALARY LEVELS FOR THE RESPECTIVE VICE-PRESIDENTS. MINUTES ARE KEPT OF ALL BOARD OF TRUSTEE MEETINGS AND COMMITTEE MEETINGS, INCLUDING THE COMPENSATION COMMITTEE. WITH REGARD TO VICE-PRESIDENTS, PERFORMANCE ASSESSMENTS AND EVALUATIONS ARE DOCUMENTED IN THEIR RESPECTIVE PERSONNEL FILES. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF ANNUITY CONTRACT AGREEMENTS -106,362. NORTH THIRTEENTH STREET INC 13TH BERN STREETS PO BOX 14988 READING PA 196124988 232362385 REAL ESTATE RENTAL PA ALBRIGHT COLLEGE C 1.00000 0 ALBRIGHT COLLEGE COSTA RICA SA EL PATIO BUILDING 3RD FLOOR SAN JOSE CS LAND INVESTMENT CS ALBRIGHT COLLEGE C -37462 201257 1.00000 0 0 0 0 1 0 0 0 0 0 1 1 0 0 0 1 1 1 1 0 ALBRIGHT COLLEGE COSTA RICA SA D 219252 COST