2021-04-15T10:27:42-05:00 2020-05-31 390859910 BAKER TILLY US LLP 1570 FRUITVILLE PIKE SUITE 400 LANCASTER PA 17601 990 2019-06-01 231352615 ALBRIGHT COLLEGE ALBR 6109217749 13TH BERN STREETS PO BOX 15234 READING PA 196125234 JEFFREY L STRADER ACTING VP, FIN./STRAT. PTNERSP 6109217749 2021-04-14 1 KERRI N BOGDA CPA P00760402 7177404863 2019 2022-09-23 18:48:47Z JACQUELYN S FETROW 13TH BERN STREETS PO BOX 15234 READING PA 196125234 84883321 0 X WWW.ALBRIGHT.EDU X 1928 PA PROMOTING A COMMITMENT TO LIFELONG LEARNING WITH A FOUNDATION IN THE LIBERAL ARTS. 29 28 1123 115 497984 0 8738000 5636028 86643304 49325107 9181289 10590468 2659280 1843505 107221873 67395108 48430821 18353261 0 0 26342515 26559440 0 0 1549125 24320894 23006832 99094230 67919533 8127643 -524425 178505534 172962647 53433888 57050613 125071646 115912034 X AS A DIVERSE COMMUNITY OF LEARNERS, WE CULTIVATE INTEGRITY, CURIOSITY, CONNECTION AND RESILIENCE. 0 0 55257742 18353261 49376723 FOUNDED IN 1856, ALBRIGHT COLLEGE OFFERS A FLEXIBLE CURRICULUM, CLOSE FACULTY MENTORSHIP AND NUMEROUS EXPERIENTIAL LEARNING OPTIONS - ALL DESIGNED TO HELP STUDENTS EXCEED THEIR OWN EXPECTATIONS. STUDENTS LEARN TO RELATE TO PEOPLE FROM DIFFERENT BACKGROUNDS AT ONE OF THE MOST DIVERSE COLLEGES IN THE COUNTRY, WHILE BEING ENCOURAGED TO CROSS OR COMBINE MAJORS TO CREATE AN INDIVIDUALIZED ACADEMIC PROGRAM, WITHOUT TAKING LONGER TO GRADUATE. NEARLY HALF OF ALBRIGHT STUDENTS PERSONALIZE THEIR DEGREES BY CROSSING OR COMBINING MAJORS.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 30 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.THIS PAST YEAR, APPROXIMATELY 1,487 FULL-TIME STUDENTS REPRESENTING 30 STATES AND 34 COUNTRIES WERE ENROLLED IN ALBRIGHT'S TRADITIONAL UNDERGRADUATE PROGRAM. APPROXIMATELY 207 NON-TRADITIONAL STUDENTS WERE ENROLLED IN COURSES OFFERED BY THE SCHOOL OF PROFESSIONAL STUDIES.RECENT ACCOLADES INCLUDE:- BEST COLLEGES IN THE NORTHEAST- PRINCETON REVIEW- TOP 31 NATIONAL COLLEGES FOR SOCIAL MOBILITY- U.S. NEWS & WORLD REPORT- TOP NATIONAL LIBERAL ARTS COLLEGE- U.S. NEWS & WORLD REPORT- BEST COLLEGES FOR FINANCIAL AID 2020- LENDEDU- TOP NATIONAL AND NORTHEAST COLLEGE- WALL STREET JOURNAL/TIMES HIGHER EDUCATION 55257742 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 2551 0 1123 1 1 1 1 GK CS 0 0 0 1 1 0 0 0 0 0 0 X 29 28 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 323462 0 52175 GREGORY FULMER VP-ADMIN & FIN. (UNTIL 12/19) 35.00 5.00 X 157712 0 26460 KAREN CAMPBELL SR. VP FOR ACADEMIC AFFAIRS 40.00 X 127137 0 14231 RODNEY WARFIELD PROF. OF EDUCATION 40.00 X 126206 0 12898 JOSHUA WILLIAMSON COLLEGE PHYSICIAN 40.00 X 110708 0 18157 CHRISTY AGNESE VP- ADVANC. (UNTIL 10/19) 40.00 X 114972 0 12152 BRENDA INGRAM-WALLACE ASSOC. PROF. OF PSYCH. 40.00 X 110195 0 13501 SAMANTHA WESNER SR. VP-STUD. & CAMP. LIFE 40.00 X 109899 0 13503 GERTRUDE EGUAE-OBAZEE PROF. OF ACCOUNTING 40.00 X 108479 0 4817 WENDY BARTKUS ACAD. PROGRAM CHAIR 40.00 X 108306 0 2658 JASON U HOERR ACTING VP, DIGITAL STRAT. & INFRAST. 40.00 X 85830 0 34716 JENNIFER STOUDT VP FOR COMMUNICATIONS 40.00 X 93888 0 12653 RICHARD FERRY CO-DIR., ATHLETICS 40.00 X 75503 0 19484 RASHMI RADHAKRISHNAN VP - DIG. STRAT/INFRAST (UNTIL 8/19) 40.00 X 88054 0 3959 JANICE LUCK CO-DIR., ATHLETICS 40.00 X 79241 0 11953 CHRISTOPHER HANLON INTERIM ASST. VP, ADMIS. (UNTIL 3/19) 40.00 X 67046 0 13554 DWAYNE L WALKER VP - ENROLLMENT MGT (AS OF 9/2019) 40.00 X 49741 0 5256 JEFFREY L STRADER ACTING VP, FIN./STRAT. PTNERSP(AS OF 1/20) 40.00 X 0 0 0 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 THOMAS A CHAVES TRUSTEE 1.00 X 0 0 0 DWIGHT DAVIS 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 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 1.00 X 0 0 0 CHARLES J PHILLIPS ESQ TRUSTEE 1.00 X 0 0 0 JEFFREY T RIGG CPA TRUSTEE 1.00 X 0 0 0 JEANETTE C ROBERTS PHD 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 CHARNITA ZEIGLER-JOHNSON PHD TRUSTEE 1.00 X 0 0 0 JEFFREY J JOYCE CHAIRMAN (UNTIL OCT 2019) 1.00 X X 0 0 0 1936379 0 272127 14 0 1 0 ARAMARK CORPORATION 131 S DEARBORN 6TH FL CHICAGO IL 60603 FOOD SVC PROVIDER 4157594 INTEGRAONE 7248 TILGHMAN STREET ALLENTOWN PA 18106 IT SERVICES 434815 EAB GLOBAL INC PO BOX 603519 CHARLOTTE NC 282603519 RECRUITING SERVICE 319906 TYCO FIRE & SECURITY (US) MANAGEMENT IN 4700 EXCHANGE COURT SUITE 300 BOCA RATON FL 33431 FIRE AND SAFETY SERVICES 206842 CENTERBROOK ARCHITECTS AND PLANNERS LLP 67 MAIN STREET CENTERBROOK CT 06409 ARCHITECT SERVICES 159443 11 32400 2043152 3560476 86954 5636028 TUITION AND FEES 611710 39713281 39713281 AUX ENT - ROOM AND BOARD 721310 9173520 9173520 AUX ENT - OTHER PROGRAM INCOME 900099 438306 438306 49325107 1422952 60803 1362149 9732 9732 517084 517084 424277 87531 336746 336746 73056 263690 26530076 5000 17377292 0 9152784 5000 9157784 9157784 27658 32400 23390 4268 4268 ATHLETICS AND AQUATICS PROG 900099 201305 10438 190867 LATE PAYMENT FEES 900099 134676 134676 CONFERENCES 812900 82384 82384 567042 41178 90874 434990 985407 67395108 49376723 497984 11884373 18353261 18353261 1627216 645444 902504 79268 19486544 13924772 4730671 831101 827636 593257 199270 35109 3056207 2171770 752142 132295 1561837 1083097 411401 67339 161548 161548 97015 97015 59336 59336 1648931 633364 951204 64363 472125 412538 59587 630097 388252 181101 60744 535959 322812 213087 60 880 880 3021905 2961785 49627 10493 537857 447923 67883 22051 37551 24543 13008 1095255 1018697 63196 13362 6149238 5719406 354811 75021 704587 661592 35491 7504 FOOD SERVICES 2469993 2469993 EMPL./STUDENT EXPENSES 1233573 660632 557893 15048 RECRUITMENT 545171 545171 BOOKS, PERIODICALS, ETC 393144 393144 3212667 1825409 1251891 135367 67919533 55257742 11112666 1549125 117909 139342 10522185 12115926 2589079 2251915 416415 441234 240583 230059 1446264 1481895 180916336 102083626 81846647 78832710 48689001 47389795 10673014 8841677 7048863 5634346 14915574 15603748 178505534 172962647 5979057 10278719 2652942 2735385 1517704 1118852 39931025 38556223 3353160 4361434 53433888 57050613 X 51242474 42088258 73829172 73823776 125071646 115912034 178505534 172962647 X -524425 -8379301 -167 -255719 X 0 1 X 1 1 1 X 7297997 5853568 3383443 8738000 5626023 30899031 7297997 5853568 3383443 8738000 5626023 30899031 2860132 28038899 1941118 1985494 2312419 3395005 2194615 11828651 427584 479836 557329 966108 597324 3028181 45755863 398482597 0.61280 0.60840 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X 0 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 55034823 731297 -1180385 1339241 1169624 126793 51950077 0.15600 0.57900 0.26500 1 0 4830063 4830063 123013006 61020972 61992034 265671 227028 38643 42240830 32345520 9895310 10566766 8490106 2076660 78832710 OFFSHORE HEDGE FUND 925247 F DOMESTIC HEDGE FUNDS 7877139 F CENTRAL AMERICA INVESTMENT 39291 F 8841677 ASSETS HELD IN TRUST BY OTHERS 11774155 OTHER RECEIVABLES 779506 OTHER ASSETS 52813 DUE FROM ALBRIGHT COLLEGE COSTA RICA 199451 DEPOSITS HELD BY BOND TRUSTEES 2797823 15603748 EARLY RETIREMENT 260971 POST RETIREMENT HEALTHCARE BENEFITS 28073 CHARITABLE GIFT ANNUITY CONTRACT LIAB 1222587 STUDENT DEPOSITS AND ADVANCE PAYMENTS 2507447 DEPOSITS HELD FOR OTHERS 342356 4361434 X 40117998 -8379301 27500 -18811582 -27163383 67281381 113727 113727 67395108 49316734 27500 150212 177712 49139022 18780511 18780511 67919533 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 2020 AND 2019. 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 -18,353,261. TUITION DISCOUNT -143,266. INVESTMENT EXPENSES -59,336. CHANGE IN VALUE OF ANNUITY CONTRACT AGREEMENTS -255,719. PART XI, LINE 4B - OTHER ADJUSTMENTS: RENTAL EXPENSES -87,531. FUNDRAISING EVENT EXPENSES -23,390. PROGRAM EXPENSES NETTED AGAINST REVENUE 224,648. PART XII, LINE 2D - OTHER ADJUSTMENTS: EXPENSES ATTRIBUTABLE TO THE COSTA RICA CORPORATION 39,291. RENTAL EXPENSES 87,531. FUNDRAISING EVENT EXPENSE 23,390. PART XII, LINE 4B - OTHER ADJUSTMENTS: STUDENT AID 18,353,261. TUITION DISCOUNT 143,266. PROGRAM EXPENSES NETTED AGAINST REVENUE 224,648. INVESTMENT EXPENSES 59,336. 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 39921 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 INVESTMENTS 925247 0 0 0 0 0 0 965168 0 965168 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 60058 32400 27658 7365 16025 60058 32400 27658 7365 16025 23390 4268 1 TRUSTEE GRANTS 1049 10958487 N/A PRESIDENTIAL/PROVOST SCHOLARSHIP 754 3017786 N/A JACOB ALBRIGHT SCHOLARSHIP 106 896880 N/A EUGENE SHIRK SCHOLARSHIP 31 122000 N/A ENDOWED SCHOLARSHIPS 265 2026159 N/A SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANTS 177 478315 N/A OTHER SCHOLARSHIPS, GRANTS AND AWARDS 290 559252 N/A FOREIGN STUDENT SCHOLARSHIPS 12 99790 N/A TALENT AWARDS 17 9750 N/A ACADEMIC TALENT GRANT 35 26000 N/A LION ACHIEVEMENT AWARD 199 118196 N/A COMMUNITY COLLEGE ACHIEVEMENT SCHOLARSHIP 31 37396 N/A ALUMNI SCHOLARSHIP 5 3250 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 321140 0 0 0 2322 0 16272 0 35903 0 375637 0 0 0 GREGORY FULMER VP-ADMIN & FIN. (UNTIL 12/19) 157179 0 0 0 533 0 8303 0 18157 0 184172 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 706137 10000000 176524 2484452 7339024 2017 1 0 1 1 B 706137 10000000 10000000 2010 1 0 1 1 C 706137 10000000 10000000 2010 1 0 1 1 D 362214 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 148256 3466257 53722 614716 2797820 0 0 0 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. 24700 TUITION EXCHANGE EMPLOYEE BENEFIT JOHN WEIDENHAMMER FORMER BOARD TRUSTEE AND OWNER OF WEIDENHAMMER SYSTEMS 154076 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 3 86954 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. ARAMARK IS ALSO ENGAGED TO PROVIDE FACILITY MANAGEMENT ON THE COLLEGE CAMPUS. 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 -255,719. 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 -39291 218919 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 199451 COST