2020-05-11T14:31:48-05:00 2019-06-30 251408703 SCHNEIDER DOWNS & CO INC ONE PPG PLACE SUITE 1700 PITTSBURGH PA 15222 990 2018-07-01 250965601 WASHINGTON & JEFFERSON COLLEGE WASH 7242236009 60 S LINCOLN STREET WASHINGTON PA 15301 DR JOHN C KNAPP PRESIDENT 7242236009 2020-04-30 1 SUSAN M KIRSCH P00341397 4122613644 24.144.188.4 2020-04-30 09:02:39 ED P 74EFE8A5326776D033785AD87FE2818B3AB9518E 83237E88C6D45D8269AF617CF08E18DBF86D2220 2018 2021-01-29 14:40:06Z DR JOHN C KNAPP 60 S LINCOLN STREET WASHINGTON PA 15301 149777642 0 X WWW.WASHJEFF.EDU X 1781 PA PROMOTE EDUCATION, THE DEVELOPMENT OF SKILLS, KNOWLEDGE, AND PERSONAL QUALITIES. 37 33 1262 341 52348 6773 8145502 6334037 82439379 82222324 14498642 3267544 147795 -20837 105231318 91803068 36489843 36875840 0 0 25740137 28916895 0 12088 2058644 30661366 30503234 92891346 96308057 12339972 -4504989 336797862 334005682 70743318 71026946 266054544 262978736 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 83754819 36875840 82185455 FOUNDED IN 1781, W&J IS ONE OF THE OLDEST COLLEGES IN AMERICA. IT IS A FOUR-YEAR, PRIVATE, LIBERAL ARTS COLLEGE DEDICATED TO ITS STUDENTS. IT IS NATIONALLY RECOGNIZED AS AN EXCELLENT RESIDENTIAL, STUDENT-CENTERED UNDERGRADUATE INSTITUTION. HISTORICALLY, A HIGH PERCENTAGE OF STUDENTS WHO APPLY TO LAW SCHOOLS AND TO PROFESSIONAL HEALTH SCHOOLS ARE ACCEPTED. STATISTICS - UNDERGRADUATE STUDENTS: 1,259 FULL-TIME EQUIVALENT STUDENTS AND 310 GRADUATES. 83754819 1 1 0 1 0 0 1 1 0 1 1 1 0 0 1 1 1 0 1 0 1 0 1 0 1 0 0 0 1 1 1 0 0 0 0 0 0 1 0 0 1 1 1 0 0 0 1 0 0 0 1 1647 0 1 1262 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 37 33 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 OF FINANCE 7242236009 60 S LINCOLN STREET WASHINGTON PA 15301 X 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 1.00 X 0 0 0 RICHARD T CLARK TRUSTEE 1.00 X 0 0 0 SUSAN COHEN TRUSTEE (EXITED 9/2018) 1.00 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 WALTER FLAMENBAUM MD 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 STEPHAN M LOEWENTHEIL TRUSTEE 1.00 X 0 0 0 LARRY A MAKEL TRUSTEE 1.00 X 0 0 0 KENNETH MELANI MD TRUSTEE 1.00 X 0 0 0 REYNOLD MOONEY 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 1.00 X 0 0 0 B JOHN PENDLETON JR TRUSTEE 1.00 X 0 0 0 DAVID A ROSS TRUSTEE 1.00 X 0 0 0 STEPHEN M ROSS TRUSTEE 1.00 X 0 0 0 LOUISE K ROSS TRUSTEE 1.00 X 0 0 0 FRANKLIN RUMORE MD TRUSTEE 1.00 X 0 0 0 E RONALD SALVITTI II TRUSTEE 1.00 X 0 0 0 JOHN D SIMON TRUSTEE 1.00 X 0 0 0 DAVID A STEINBERG TRUSTEE 1.00 X 0 0 0 JIMIL B WILSON TRUSTEE 1.00 X 0 0 0 ROBERT G WALKER PHD TRUSTEE 1.00 X 0 0 0 KEITH GHEZZI MD CHAIRMAN 5.00 X X 0 0 0 CHARLES F MARCY VICE CHAIR 2.50 X X 0 0 0 JOSEPH H MENENDEZ VICE CHAIR 2.50 X X 0 0 0 DIANA L REED VICE CHAIR 2.50 X X 0 0 0 CRAIG A VARGA ESQ SECRETARY 2.50 X X 0 0 0 DONNA HALEY GRIER TREASURER 2.50 X X 0 0 0 DR JOHN C KNAPP PRESIDENT/TRUSTEE 55.00 X X 379860 0 116773 THOMAS SZEJKO SEE SCHEDULE O 40.00 X 126963 0 33414 JAMES IRWIN VP FOR BUSINESS & FINANCE (AS OF 6/27/19) 40.00 X 0 0 0 MICHAEL GRZESIAK VP OF DEVELOPMENT & ALUMNI ENGAGEMENT 40.00 X 177660 0 29491 EVA CHATTERJEE-SUTTON VP OF STUDENT LIFE, DEAN OF STUDENTS 40.00 X 134808 0 43294 JAMES MILLER DIRECTOR OF FACILITIES 40.00 X 120270 0 26451 MAX MILLER PROFESSOR 40.00 X 148309 0 22686 MICHELE HUFNAGEL ASSOC VP OF DEVELOPMENT & ALUMNI ENGAGEMENT 40.00 X 114008 0 9826 CHARLES HANNON PROFESSOR 40.00 X 105708 0 32151 DENNIS MCMASTER FORMER OFFICER 0.00 X 164399 0 14590 1471985 0 328676 9 1 1 0 RYCON CONSTRUCTION INC 2525 LIBERTY AVENUE PITTSBURGH PA 15222 CONSTRUCTION 5430187 BON APPETIT MANAGEMENT COMPANY 2400 YORKMONT ROAD CHARLOTTE NC 28217 FOOD SERVICES 4025767 DANNY WEST PAINTING 198 MALONE RIDGE ROAD WASHINGTON PA 15301 CONSTRUCTION 469872 FIELDTURF INTERNATIONAL INC 8088 MONTVIEW ROAD MONTREAL QUEBEC CA CONSTRUCTION 466000 GCA SERVICES GROUP INC PO BOX 643823 PITTSBURGH PA 152643823 MAINTENANCE 354868 33 7475 6326562 1912556 6334037 TUITION AND FEES 900099 64186003 64186003 STUDENT SERVICES 900099 16795110 16795110 AUXILIARY PROGRAM SERVICES 900099 1241211 1204342 36869 82222324 1956736 15479 1941257 53612 53612 59970 169582 -109612 -109612 -109612 58824943 2221 56948948 567408 1875995 -565187 1310808 1310808 45517 7475 21925 23592 23592 278282 266711 11571 11571 91803068 82185455 52348 3231228 35370487 35370487 1505353 1505353 1639176 752309 671124 215743 69946 69946 18794009 15174047 2586058 1033904 1504805 1201090 209582 94133 5372559 2972789 2239741 160029 1536400 1219720 226901 89779 118253 118253 123044 123044 21000 21000 12088 12088 707091 707091 4095753 3669688 357407 68658 700223 148642 551581 634152 439925 77311 116916 855308 595618 231414 28276 3117610 3091779 25831 871994 714660 74972 82362 888656 331587 458054 99015 2453711 2453711 6177375 5962508 214867 477492 459195 18297 STUDENT ACADEMIC /PROGR 4317482 4275825 41657 ATHLETIC & GAME EXPENSE 1015201 1011928 3273 STUDENT RECRUITING COST 728001 728001 BAD DEBT EXPENSE 304619 304619 2896269 1675957 1183571 36741 96308057 83754819 10494594 2058644 8000 8000 53725365 46452124 2676419 1051594 2056168 1684080 1079376 901085 213475 166485 1174279 1424975 252143695 104615227 142404168 147528468 83221724 81502489 50238888 53286382 336797862 334005682 5778374 6398401 1048982 611642 54169609 54202429 9746353 9814474 70743318 71026946 X 131112703 132137210 51231347 44504501 83710494 86337025 266054544 262978736 336797862 334005682 X -4504989 1422281 6900 X X 0 1 X 1 1 1 X 12314057 6531899 7664370 8145502 6334037 40989865 12314057 6531899 7664370 8145502 6334037 40989865 9301023 31688842 1485442 956638 904011 1513187 2054839 6914117 92793 34182 52348 179323 48083305 391700110 0.65900 0.67640 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 21000 21000 96287057 96308057 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 6530 32500 21000 60030 250000 250000 250000 250000 1000000 1500000 X 1 1.43 1 0 0 1 1 16.00 0 1 X X 0 138241803 1939456 4547921 7230548 1181277 136317355 133900475 1978512 10989096 7280599 1345681 138241803 127430001 3561443 12833132 6206133 3717968 133900475 133194295 6926747 -5455285 5438900 1796856 127430001 132351735 4870918 2667671 5596419 1099610 133194295 0.16130 0.63340 0.20530 0 0 11053652 11053652 197194882 71692833 125502049 35160415 27993800 7166615 8734746 4928594 3806152 147528468 266703 F INVESTMENT IN LIMITED P-SHIP 9290277 F INT'L GROWTH EQUITY FUND 3942779 F INVEST. IN OTHER HEDGE FUNDS 29859232 F INVESTMENTS - REAL ESTATE 883743 C CASH SURRENDER VALUE OF LIFE INSURANCE POLICIES 431129 F SECURITIES HELD IN TRUST BY OTHERS 6044609 F ANNUITIES 2567910 F 53286382 ACCRUED RETIREE HEALTHCARE BENEFITS 3476091 FED.GOV ADVANCES FOR STUDENT LOANS 1313441 LIABILITIES UNDER LIFE INTEREST AGREEMENT 3522645 DEPOSITS HELD IN CUSTODY FOR OTHERS 1502297 9814474 X 56107536 1422281 465118 1887399 54220137 707091 36875840 37582931 91803068 59183344 458218 458218 58725126 707091 36875840 37582931 96308057 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 PERMANENTLY RESTRICTED INVESTMENTS 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 AS PERMANENTLY RESTRICTED NET ASSETS THE ORIGINAL VALUE OF GIFTS DONATED TO THE PERMANENT ENDOWMENT. EARNINGS ON THESE GIFTS ARE ACCUMULATED IN TEMPORARILY RESTRICTED NET ASSETS, UNLESS THE INCOME ON THE GIFT IS PERMANENTLY RESTRICTED. 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, 2019 AND 2018 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 2016. PART XI, LINE 2D - OTHER ADJUSTMENTS: COSTS OF GOODS SOLD 266,711. RENTAL EXPENSES 169,582. SPECIAL EVENT EXPENSES 21,925. CHANGES IN VALUE OF SPLIT-INTEREST AGREEMENTS 6,900. PART XI, LINE 4B - OTHER ADJUSTMENTS: STUDENT FINANCIAL AID 36,875,840. PART XII, LINE 2D - OTHER ADJUSTMENTS: COSTS OF GOODS SOLD 266,711. RENTAL EXPENSES 169,582. SPECIAL EVENT EXPENSES 21,925. PART XII, LINE 4B - OTHER ADJUSTMENTS: STUDENT FINANCIAL AID 36,875,840. PART V, LINE 1, COLUMN (B) THE BEGINNING BALANCE OF ENDOWMENT FOR FISCAL YEAR ENDED JUNE 30, 2015 AND THE ACTIVITY FOR ALL FOLLOWING YEARS WERE ADJUSTED TO REFLECT A RESTATEMENT ON THE AUDITED FINANCIAL STATEMENTS. 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 42596 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES STUDY ABROAD 112481 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 PROGRAM SERVICES STUDY ABROAD 850720 MIDDLE EAST AND NORTH AFRICA 0 0 PROGRAM SERVICES STUDY ABROAD 13322 SOUTH AMERICA 0 0 PROGRAM SERVICES STUDY ABROAD 108453 NORTH AMERICA 0 0 PROGRAM SERVICES STUDY ABROAD 871 RUSSIA 0 0 PROGRAM SERVICES STUDY ABROAD 27934 SUB-SAHARAN AFRICA 0 0 PROGRAM SERVICES STUDY ABROAD 49790 SOUTH ASIA 0 0 PROGRAM SERVICES STUDY ABROAD 230 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 PROGRAM SERVICES INTERNATIONAL RECRUITING 44299 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES INTERNATIONAL RECRUITING 61346 MIDDLE EAST AND NORTH AFRICA 0 0 PROGRAM SERVICES INTERNATIONAL RECRUITING 363 NORTH AMERICA 0 0 PROGRAM SERVICES INTERNATIONAL RECRUITING 1930 SOUTH AMERICA 0 0 PROGRAM SERVICES INTERNATIONAL RECRUITING 102 CENTRAL AMERICA AND THE CARIBBEAN 0 0 GRANTS TO RECIPIENTS LOCATED IN REGION INTERNATIONAL STUDIES 37098 EAST ASIA AND THE PACIFIC 0 0 GRANTS TO RECIPIENTS LOCATED IN REGION INTERNATIONAL STUDIES 330206 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 GRANTS TO RECIPIENTS LOCATED IN REGION INTERNATIONAL STUDIES 941515 MIDDLE EAST AND NORTH AFRICA 0 0 GRANTS TO RECIPIENTS LOCATED IN REGION INTERNATIONAL STUDIES 5267 NORTH AMERICA 0 0 GRANTS TO RECIPIENTS LOCATED IN REGION INTERNATIONAL STUDIES 2757 SOUTH AMERICA 0 0 GRANTS TO RECIPIENTS LOCATED IN REGION INTERNATIONAL STUDIES 170067 SUB-SAHARAN AFRICA 0 0 GRANTS TO RECIPIENTS LOCATED IN REGION INTERNATIONAL STUDIES 18443 CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 25597896 0 0 0 0 0 0 1206167 27211519 28417686 STUDENT AID CENTRAL AMERICA AND THE CARIBBEAN 13 37098 CREDIT TO STUDENT'S ACCOUNTS FOR FINANCIAL AID N/A N/A STUDENT AID EAST ASIA AND THE PACIFIC 49 330206 CREDIT TO STUDENT'S ACCOUNTS FOR FINANCIAL AID N/A N/A STUDENT AID EUROPE (INCLUDING ICELAND & GREENLAND) 141 941515 CREDIT TO STUDENT'S ACCOUNTS FOR FINANCIAL AID N/A N/A STUDENT AID MIDDLE EAST AND NORTH AFRICA 3 5267 CREDIT TO STUDENT'S ACCOUNTS FOR FINANCIAL AID N/A N/A STUDENT AID NORTH AMERICA 3 2757 CREDIT TO STUDENT'S ACCOUNTS FOR FINANCIAL AID N/A N/A STUDENT AID SOUTH AMERICA 20 170067 CREDIT TO STUDENT'S ACCOUNTS FOR FINANCIAL AID N/A N/A STUDENT AID SUB-SAHARAN AFRICA 14 18443 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. PETE HENRY GOLF OUTING 36454 7250 29204 495 1350 6145 6246 412 BASEBALL GOLF OUTING 16538 225 16313 400 1410 3610 1581 276 52992 7475 45517 895 2760 9755 7827 688 21925 23592 1 SCHOLARSHIPS AND STUDENT AID 2352 33950436 0 N/A N/A STUDENT ASSISTANCE FOR ACADEMIC SUPPORT 22 862743 0 N/A N/A STUDENT ASSISTANCE, STUDENT AWARDS 170 557307 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 IF DETERMINED BY THE FINANCIAL AID OFFICE. X X X 1 1 X X X X X X 1 0 0 0 0 0 0 0 0 DR JOHN C KNAPP PRESIDENT/TRUSTEE 378105 0 0 0 1755 0 59080 0 57693 0 496633 0 0 0 THOMAS SZEJKO SEE SCHEDULE O 125100 0 0 0 1863 0 9868 0 23546 0 160377 0 0 0 MICHAEL GRZESIAK VP OF DEVELOPMENT & ALUMNI ENGAGEMENT 172074 0 0 0 5586 0 13798 0 15693 0 207151 0 0 0 EVA CHATTERJEE-SUTTON VP OF STUDENT LIFE, DEAN OF STUDENTS 133845 0 0 0 963 0 10951 0 32343 0 178102 0 0 0 MAX MILLER PROFESSOR 148309 0 0 0 0 0 7290 0 15396 0 170995 0 0 0 DENNIS MCMASTER FORMER OFFICER 101441 0 0 0 62958 0 7353 0 7237 0 178989 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. 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 MEMBERSHIP TO SELECT SENIOR MANAGEMENT. PART I, LINE 4A FORMER VP FOR BUSINESS & FINANCE RECEIVED SEVERANCE PAYMENT IN THE AMOUNT OF $45,957 IN FISCAL YEAR ENDED JUNE 30, 2019. 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 16000 SCHOLARSHIP EDUCATIONAL MARTHINSEN & SALVITTI INSURANCE GROUP MAJORITY OWNER 401258 CURRENT TRUSTEE HAS OWNERSHIP INTEREST IN INSURANCE PROVIDER. 0 X 1 0 X 17 1834661 FMV X 1 62895 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, 2019. PART I, LINE 33: A ZERO AMOUNT WAS REPORTED ON FORM 990, PART VIII, LINE 1G FOR THE WORKS OF ART RECEIVED, BECAUSE THE COLLEGE DID NOT CAPITALIZE ITS COLLECTIONS, AS ALLOWED UNDER SFAS 116 (ASC 958-360-25). 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 ASSOCIATE VICE PRESIDENT FOR BUSINESS & FINANCE AND THE VP OF BUSINESS & FINANCE. 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 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 AND FINANCE: 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 VII, OFFICER TITLE: THOMAS SZEJKO, INTERIM VP FOR BUSINESS & FINANCE (THRU 6/27/19), ASSOCIATE VP FOR BUSINESS & FINANCE (AS OF 6/27/19) FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS 6,900. 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, DR. WALTER COOPER, DR. JOHN R. ECHEMENT, JOHN E. FRAZIER II, M.D., DR. JOSEPH A. HARDY, SR., JAMES H. KNEPSHIELD, M.D., WILLIAM N. MACARTNEY III, JOHN L.S. NORTHROP, RONALD V. PELLEGRINI, M.D., JAMES L. PHILLIPS, M.D., ANICA D. RAWNSLEY, E. RONALD SALVITTI, M.D., RONALD P. SANDMEYER, SR., ROBERT H. SHOOP, JR., ROBERT B. SHUST, WILLIAM M. STOUT, WALTER FLAMENBAUM AND FRANK RUMORE. CHARITABLE REMAINDER UNITRUST (8) 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