2021-05-14T09:27:03-05:00 2020-06-30 251408703 SCHNEIDER DOWNS & CO INC ONE PPG PLACE SUITE 1700 PITTSBURGH PA 15222 990 2019-07-01 250965601 WASHINGTON & JEFFERSON COLLEGE WASH 7242236009 60 S LINCOLN STREET WASHINGTON PA 15301 DR JOHN C KNAPP PRESIDENT 7242236009 2021-05-12 1 SARAH R PIOT P01358891 4122613644 2019 2022-09-23 18:48:47Z DR JOHN C KNAPP 60 S LINCOLN STREET WASHINGTON PA 15301 149647796 0 X WWW.WASHJEFF.EDU X 1781 PA PROMOTE EDUCATION, THE DEVELOPMENT OF SKILLS, KNOWLEDGE, AND PERSONAL QUALITIES. 32 29 1243 325 -10229 0 6334037 8538829 82222324 74015971 3267544 -403566 -20837 1084 91803068 82152318 36875840 35576552 0 0 28916895 31856991 12088 0 1907755 30503234 27442696 96308057 94876239 -4504989 -12723921 334005682 317857588 71026946 70564363 262978736 247293225 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 83928407 35576552 74009068 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: 1,261 FULL-TIME EQUIVALENT STUDENTS AND 340 GRADUATES.THE COVID-19 PANDEMIC HAS HAD NUMEROUS OPERATIONAL AND FINANCIAL IMPLICATIONS FOR W&J. THE MOST SIGNIFICANT IMPACT IS RELATED TO THE FACT THAT APPROXIMATELY 1,000 STUDENTS WERE REQUIRED TO VACATE W&J AS A RESULT OF GOVERNOR WOLF'S MARCH 19TH ORDER DECLARING THAT ALL NON-LIFE SUSTAINING BUSINESSES MUST SHUTTER. THIS DECLARATION FORCED W&J TO TRANSITION TO ON-LINE INSTRUCTION FOR THE REMAINDER OF THE SEMESTER. FORTUNATELY, THE TIMING OF THIS PIVOT WAS ALIGNED WITH SPRING BREAK. THEREFORE, FACULTY HAD TIME TO CONVERT THEIR COURSES TO AN ONLINE FORMAT. 83928407 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 1 0 0 1 1 0 0 0 0 1 0 0 0 1 1575 0 1 1243 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 32 29 1 0 0 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 DR JOHN C KNAPP PRESIDENT 70.00 X X 384094 0 118315 MICHAEL GRZESIAK EXITED 1219 VP FOR DEV. & ALUMNI ENGAGEMENT 60.00 X 207489 0 31200 NICOLE FOCARETO VP FOR ENROLLMENT 60.00 X 173651 0 19716 EVA CHATTERJEE-SUTTON VP FOR STUDENT LIFE/ DEAN OF STUDENTS 60.00 X 139521 0 42538 THOMAS SZEJKO ASSOCIATE VP FOR BUSINESS & FINANCE/ CONTROLLER 60.00 X 134965 0 34018 KELLY KIMBERLAND VP FOR COMMUNICATIONS & MARKETING 60.00 X 150988 0 17557 JAMES IRWIN VP FOR BUSINESS & FINANCE/ CFO 60.00 X 140594 0 15533 MICHAEL CRABTREE PROFESSOR 40.00 X 109091 0 26749 JEFFREY FRICK VP FOR ACADEMIC AFFAIRS/DEAN OF COLLEGE 60.00 X 116151 0 15219 JERRELL L ANGELL TRUSTEE 1.00 X 0 0 0 JACQUELINE BAUER TRUSTEE 1.00 X 0 0 0 RICHARD F BEATTY MD TRUSTEE 1.00 X 0 0 0 JOHN C BURNS TRUSTEE 2.00 X 0 0 0 JONATHAN M CONRAD 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 1.00 X 0 0 0 CLYDE B JONES III TRUSTEE 1.00 X 0 0 0 VICTOR LAZZARO JR TRUSTEE 1.00 X 0 0 0 THOMAS J LEYDIG TRUSTEE 1.00 X 0 0 0 KENNETH MELANI MD TRUSTEE 1.00 X 0 0 0 REYNOLD MOONEY TRUSTEE 2.00 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 1.00 X 0 0 0 B JOHN PENDLETON JR TRUSTEE 1.00 X 0 0 0 A MICHAEL PRATT ESQ 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 1.00 X 0 0 0 KEITH GHEZZI MD CHAIRMAN 5.00 X X 0 0 0 DONNA HALEY GRIER TREASURER 2.50 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 DIANA L REED VICE CHAIRMAN 2.50 X X 0 0 0 CRAIG A VARGA ESQ SECRETARY 2.50 X X 0 0 0 1556544 0 320845 17 0 1 0 RYCON CONSTRUCTION INC 2525 LIBERTY AVENUE PITTSBURGH PA 15222 CONSTRUCTION 4765788 MOSITES CONSTRUCTION COMPANY 400 MOSITES WAY PITTSBURGH PA 15205 CONSTRUCTION 4748747 BON APPETIT MANAGEMENT COMPANY 2400 YORKMONT ROAD CHARLOTTE NC 28217 FOOD SERVICES 4020099 CHADWICK CONTRACTING LLC 3854 JEFFERSON AVENUE WASHINGTON PA 15301 CONSTRUCTION 1536453 DANNY WEST PAINTING 198 MALONE RIDGE ROAD WASHINGTON PA 15301 CONSTRUCTION 746423 30 667164 7871665 1025287 8538829 TUITION AND FEES 900099 61005464 61005464 STUDENT SERVICES 900099 11883462 11883462 AUXILIARY PROGRAM SERVICES 900099 1127045 1120142 6903 74015971 2322510 -17132 2339642 27127 27127 55015 162433 -107418 -107418 -107418 64382815 18550 67083364 44077 -2700549 -25527 -2726076 -2726076 286979 205604 81375 81375 82152318 74009068 -10229 -385350 34694307 34694307 882245 882245 618784 110941 379526 128317 21240354 17070551 3344316 825487 2069020 1357449 642063 69508 6191616 3740153 2282428 169035 1737217 1500727 165526 70964 255497 255497 119404 111146 8258 102876 102876 422696 422696 3475519 3121315 280220 73984 755721 311155 444022 544 709008 507878 98010 103120 791639 591217 163290 37132 3015516 2988077 27439 522352 375952 69834 76566 897488 437657 361999 97832 2181625 2181625 7263438 7263438 569539 551169 18370 STUDENT ACADEMIC /PROGR 4274611 4243606 31005 ATHLETIC & GAME EXPENSE 914334 903240 11094 STUDENT RECRUITING COST 535454 535454 635979 304754 102587 228638 94876239 83928407 9040077 1907755 8000 8000 46452124 31944704 1051594 815347 1684080 1511450 901085 732316 166485 183187 1424975 1049004 268013923 111729784 147528468 156284139 81502489 70965599 53286382 54363842 334005682 317857588 6398401 2835609 611642 2506418 54202429 54022786 9814474 11199550 71026946 70564363 X 132137210 124951296 130841526 122341929 262978736 247293225 334005682 317857588 X -12723921 -2196229 -765361 X X 0 1 X 1 1 1 X 6531899 7664370 8145502 6334037 8538829 37214637 6531899 7664370 8145502 6334037 8538829 37214637 7744916 29469721 956638 904011 1513187 2054839 2404652 7833327 92793 34182 52348 179323 45227287 393662366 0.65160 0.65900 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 1000000 1000000 1000000 1000000 4000000 6000000 6530 32500 21000 0 60030 250000 250000 250000 250000 1000000 1500000 X 1 1.43 1 0 0 1 1 16.00 0 1 X X 0 136317355 1694663 -2996964 3480612 4515355 127019087 138241803 1939456 4547921 7230548 1181277 136317355 133900475 1978512 10989096 7280599 1345681 138241803 127430001 3561443 12833132 6206133 3717968 133900475 133194295 6926747 -5455285 5438900 1796856 127430001 0.16540 0.69310 0.14150 0 0 11053652 11053652 212364985 77077358 135287627 38555976 29593979 8961997 6039310 5058447 980863 156284139 266703 F INVESTMENT IN LIMITED PARTNERSHIP 10241360 F INT'L GROWTH EQUITY FUND 3840916 F INVEST. IN OTHER HEDGE FUNDS 30816283 F INVESTMENTS - REAL ESTATE 883743 C CASH SURRENDER VALUE OF LIFE INSURANCE POLICIES 445021 F SECURITIES HELD IN TRUST BY OTHERS 5913686 F ANNUITIES 1956130 F 54363842 ACCRUED RETIREE HEALTHCARE BENEFITS 3910466 FED. GOV ADVANCES FOR STUDENT LOANS 1155220 LIABILITIES UNDER LIFE INTEREST AGREEMENT 4315014 DEPOSITS HELD IN CUSTODY FOR OTHERS 1818850 11199550 X 43559517 -2196229 -397324 -2593553 46153070 422696 35576552 35999248 82152318 59245028 368037 368037 58876991 422696 35576552 35999248 94876239 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 HAVE ELECTED TO BE GOVERNED BY THE COMMONWEALTH OF PENNSYLVANIA'S ACT 141 (ACT 141). ACT 141 PERMITS UTILIZATION OF A TOTAL RETURN POLICY THAT ALLOWS A NONPROFIT TO CHOOSE TO TREAT A PERCENTAGE BETWEEN 2% AND 7% OF THE AVERAGE MARKET VALUE OF THE ENDOWMENT'S INVESTMENTS WITH DONOR RESTRICTIONS AS INCOME EACH YEAR. 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 7% 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 141, 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, 2020 AND 2019 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 2017. PART XI, LINE 2D - OTHER ADJUSTMENTS: COSTS OF GOODS SOLD 205,604. RENTAL EXPENSES 162,433. CHANGES IN VALUE OF SPLIT-INTEREST AGREEMENTS -765,361. PART XI, LINE 4B - OTHER ADJUSTMENTS: STUDENT FINANCIAL AID 35,576,552. PART XII, LINE 2D - OTHER ADJUSTMENTS: COSTS OF GOODS SOLD 205,604. RENTAL EXPENSES 162,433. PART XII, LINE 4B - OTHER ADJUSTMENTS: STUDENT FINANCIAL AID 35,576,552. 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 CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 PROGRAM SERVICES STUDY ABROAD 68130 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES STUDY ABROAD 135559 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 PROGRAM SERVICES STUDY ABROAD 779358 MIDDLE EAST AND NORTH AFRICA 0 0 PROGRAM SERVICES STUDY ABROAD 77162 SOUTH AMERICA 0 0 PROGRAM SERVICES STUDY ABROAD 78514 NORTH AMERICA 0 0 PROGRAM SERVICES STUDY ABROAD 426260 RUSSIA 0 0 PROGRAM SERVICES STUDY ABROAD 17036 SUB-SAHARAN AFRICA 0 0 PROGRAM SERVICES STUDY ABROAD 62595 SOUTH ASIA 0 0 PROGRAM SERVICES STUDY ABROAD 2552 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 PROGRAM SERVICES INTERNATIONAL RECRUITING 35306 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES INTERNATIONAL RECRUITING 52 CENTRAL AMERICA AND THE CARIBBEAN 0 0 GRANTS TO RECIPIENTS LOCATED IN REGION INTERNATIONAL STUDIES 76809 EAST ASIA AND THE PACIFIC 0 0 GRANTS TO RECIPIENTS LOCATED IN REGION INTERNATIONAL STUDIES 144717 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 GRANTS TO RECIPIENTS LOCATED IN REGION INTERNATIONAL STUDIES 562435 MIDDLE EAST AND NORTH AFRICA 0 0 GRANTS TO RECIPIENTS LOCATED IN REGION INTERNATIONAL STUDIES 290 NORTH AMERICA 0 0 GRANTS TO RECIPIENTS LOCATED IN REGION INTERNATIONAL STUDIES 566 SOUTH AMERICA 0 0 GRANTS TO RECIPIENTS LOCATED IN REGION INTERNATIONAL STUDIES 94987 SUB-SAHARAN AFRICA 0 0 GRANTS TO RECIPIENTS LOCATED IN REGION INTERNATIONAL STUDIES 2440 CENTRAL AMERICA AND THE CARIBBEAN INVESTMENTS 26465974 0 0 0 0 0 0 1644614 27386128 29030742 STUDENT AID CENTRAL AMERICA AND THE CARIBBEAN 6 76809 CREDIT TO STUDENT'S ACCOUNTS FOR FINANCIAL AID N/A N/A STUDENT AID EAST ASIA AND THE PACIFIC 24 144717 CREDIT TO STUDENT'S ACCOUNTS FOR FINANCIAL AID N/A N/A STUDENT AID EUROPE (INCLUDING ICELAND & GREENLAND) 78 562435 CREDIT TO STUDENT'S ACCOUNTS FOR FINANCIAL AID N/A N/A STUDENT AID MIDDLE EAST AND NORTH AFRICA 1 290 CREDIT TO STUDENT'S ACCOUNTS FOR FINANCIAL AID N/A N/A STUDENT AID NORTH AMERICA 3 567 CREDIT TO STUDENT'S ACCOUNTS FOR FINANCIAL AID N/A N/A STUDENT AID SOUTH AMERICA 10 94987 CREDIT TO STUDENT'S ACCOUNTS FOR FINANCIAL AID N/A N/A STUDENT AID SUB-SAHARAN AFRICA 8 2440 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 2157 33867377 0 N/A N/A STUDENT ASSISTANCE FOR ACADEMIC SUPPORT 25 736384 0 N/A N/A STUDENT ASSISTANCE, STUDENT AWARDS 220 90546 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 1 1 X X X X X X 0 0 0 0 0 0 0 0 0 DR JOHN C KNAPP PRESIDENT 379685 0 0 0 4409 0 60622 0 57693 0 502409 0 0 0 MICHAEL GRZESIAK EXITED 1219 VP FOR DEV. & ALUMNI ENGAGEMENT 202069 0 0 0 5420 0 15507 0 15693 0 238689 0 0 0 NICOLE FOCARETO VP FOR ENROLLMENT 170385 0 0 0 3266 0 13691 0 6025 0 193367 0 0 0 EVA CHATTERJEE-SUTTON VP FOR STUDENT LIFE/ DEAN OF STUDENTS 138558 0 0 0 963 0 10845 0 31693 0 182059 0 0 0 THOMAS SZEJKO ASSOCIATE VP FOR BUSINESS & FINANCE/ CONTROLLER 133102 0 0 0 1863 0 10447 0 23571 0 168983 0 0 0 KELLY KIMBERLAND VP FOR COMMUNICATIONS & MARKETING 150085 0 0 0 903 0 12058 0 5499 0 168545 0 0 0 JAMES IRWIN VP FOR BUSINESS & FINANCE/ CFO 126948 0 0 0 13646 0 7855 0 7678 0 156127 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. VP FOR BUSINESS & FINANCE/CFO RESIDED ON CAMPUS FROM JULY TO DECEMBER OF 2019. THE AMOUNT IS TAXABLE AND IS INCLUDED IN THE 2019 FORM W-2. 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 20000 SCHOLARSHIP EDUCATIONAL MARTHINSEN & SALVITTI INSURANCE GROUP MAJORITY OWNER 473891 CURRENT TRUSTEE HAS OWNERSHIP INTEREST IN INSURANCE PROVIDER. THE TRANSACTION INCLUDES AMOUNTS PAID TO INSURANCE POLICY PROVIDERS AND INSURANCE BROKERAGE FEES. 0 X 14 1025287 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, 2020. 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 2 BUSINESS RELATIONSHIP: LYN M. DYSTER, PH.D. AND VICTOR LAZZARO, JR. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE VP FOR BUSINESS & FINANCE/CFO AND THE ASSOCIATE VP FOR BUSINESS & FINANCE/CONTROLLER. 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 AND RISK 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 POLICY IS REVIEWED ANNUALLY BY THE SENIOR STAFF OF THE COLLEGE AND BY LEGAL COUNSEL. ANNUAL DISCLOSURE STATEMENTS ARE SENT OUT TO BOARD MEMBERS, OFFICERS, AND KEY EMPLOYEES. TRUSTEES OR OFFICERS WHO HAVE DISCLOSED A CONFLICT OF INTEREST, OR WHO HAVE BEEN FOUND TO HAVE A 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 THE TRUSTEE OR OFFICERS HAVE A RIGHT TO VOTE ON THE MATTER OR TO BE PRESENT AT THE TIME OF THE 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 -765,361. FORM 990, PART XII, QUESTION 2C, OVERSIGHT OF FINANCIAL STATEMENT AUDIT: THE AUDIT AND RISK MANAGEMENT COMMITTEE OF THE BOARD OF TRUSTEES MEETS TWO 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: EDWINA W. CAMERON, WALTER COOPER, JOHN R. ECHEMENT, WALTER FLAMENBAUM, M.D., JOHN E. FRAZIER II, M.D., JOSEPH A. HARDY, SR., JAMES H. KNEPSHIELD, 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 (3) 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