2020-11-13T13:09:27-06:00 2019-06-30 390859910 BAKER TILLY US LLP 20 STANWIX STREET PITTSBURGH PA 15222 990 2018-07-01 550356985 BETHANY COLLEGE BETH 3048297000 31 E CAMPUS DRIVE BETHANY WV 260323002 DENNIS MCMASTER VP OF FINANCE AND CFO 3048297103 2020-11-10 1 BRIAN R LENART EA P00289136 4126976400 2020-11-10 X 24.154.117.200 2020-11-10 13:48:20 ES P 9B73FEAA580500B9283F0852FF4B87881A7A09BC FD79DA0B67E598363081B02C895D30239A61B096 2018 2021-01-29 14:40:06Z REV DR TAMARA RODENBERG 31 E CAMPUS DRIVE BETHANY WV 260323002 42693924 0 X WWW.BETHANYWV.EDU X 1840 WV TEACHING AND LEARNING FORM THE MISSION OF BETHANY COLLEGE. 35 34 645 225 -137154 12970 10249923 4644643 23799778 21859202 3351487 1948804 437041 1824934 37838229 30277583 10819308 10306889 0 0 11933967 11365521 0 0 625086 13608731 13864959 36362006 35537369 1476223 -5259786 84936849 88127928 42388835 45527881 42548014 42600047 TEACHING AND LEARNING FORM THE MISSION OF BETHANY COLLEGE. CENTRAL TO THIS IS PROVIDING A LIBERAL ARTS EDUCATION FOR STUDENTS, INCLUDING THE PREPARATION OF PROFESSIONALS, IN AN ATMOSPHERE OF STUDY, WORK, AND SERVICE. 0 0 20344612 10306889 15793109 INSTRUCTION - THE COLLEGE PROVIDES EDUCATIONAL SERVICES AND INSTRUCTIO TO FULL AND PART TIME STUDENTS SEEKING A COLLEGE EDUCATION AND/OR DEGREE. SCHOLARSHIPS & FELLOWSHIPS - THE COLLEGE PROVIDES FINANCIAL ASSISTANCE TO STUDENTS EITHER BASED ON THEIR NEED OR ACADEMIC MERIT. 7628307 0 6008824 ACADEMIC SUPPORT AND OTHER STUDENT SERVICES RELATED PROGRAMS - SUPPORT ACTIVITIES THROUGH THE DEANS OF VARIOUS DIVISIONS, THE LIBRARY, AND AUDIO VISUAL SERVICES. 27972919 1 1 0 0 0 1 0 1 0 1 1 1 0 0 1 1 1 0 1 0 1 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 11 0 645 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 X 35 34 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X DENNIS MCMASTER 3048297103 31 E CAMPUS DRIVE BETHANY WV 260323002 TAMARA NICHOLS RODENBERG PRESIDENT 40.00 X X 275299 0 59652 GREGORY B JORDAN CHAIRMAN BOARD OF TRUSTEES 5.00 X X 0 0 0 ROBERT J MCCANN VICE CHAIR BOARD OF TRUSTEES 3.00 X X 0 0 0 JANET A LONG SECRETARY 1.00 X X 0 0 0 JOHN W MULLEN TREASURER 3.00 X X 0 0 0 JAMES F COMPANION TRUSTEE 1.00 X 0 0 0 G DANIEL MARTICH TRUSTEE 1.00 X 0 0 0 ELIZABETH S ATHOL TRUSTEE 1.00 X 0 0 0 EDWARD J SEE TRUSTEE 1.00 X 0 0 0 ARTHUR KEYS TRUSTEE 1.00 X 0 0 0 ASA JOHNSON TRUSTEE 1.00 X 0 0 0 MARC B CHEMENKO TRUSTEE 1.00 X 0 0 0 JOYCE JEFFERSON TRUSTEE 1.00 X 0 0 0 LINDA D LEWIS TRUSTEE 1.00 X 0 0 0 LOGAN HASSIG TRUSTEE 1.00 X 0 0 0 WILLIAM NEWTON TRUSTEE 1.00 X 0 0 0 MARIE DEPARIS TRUSTEE 1.00 X 0 0 0 W DARWIN COLLINS TRUSTEE 1.00 X 0 0 0 FRED M HARRIS TRUSTEE 1.00 X 0 0 0 G OGDEN NUTTING TRUSTEE 1.00 X 0 0 0 GARY NOVAK TRUSTEE 1.00 X 0 0 0 GAYLE CONNELLY MANCHIN TRUSTEE 1.00 X 0 0 0 DOUGLAS GOIN TRUSTEE 1.00 X 0 0 0 GEORGIANA RILEY TRUSTEE 1.00 X 0 0 0 RICHARD CLANCY TRUSTEE 1.00 X 0 0 0 SCARLETT FOSTER TRUSTEE 1.00 X 0 0 0 SEAN MCBRIDE TRUSTEE 1.00 X 0 0 0 SYLVAN HOLZER TRUSTEE 1.00 X 0 0 0 THADDAEUS ALLEN TRUSTEE 1.00 X 0 0 0 PAT HOSEY TRUSTEE 1.00 X 0 0 0 JHAMAL ROBINSON TRUSTEE 1.00 X 0 0 0 WILLIAM STRICKLAND TRUSTEE 1.00 X 0 0 0 MARSHA SMITH TRUSTEE 1.00 X 0 0 0 CRAIG WILLIAMS TRUSTEE 1.00 X 0 0 0 GEORGE M BADO TRUSTEE 1.00 X 0 0 0 DIERDRA PARR CHIEF FINANCIAL OFFICER 40.00 X 92440 0 6033 JOHN LIPINSKI CHIEF OPERATING OFFICER 40.00 X 132284 0 0 JOSEPH LANE PROVOST 40.00 X 137513 0 39696 SVEN DE JONG DIRECTOR OF ADVANCEMENT 40.00 X 146989 0 17768 SARALYN DAGUE DIRECTOR OF BUSINESS SERVICES 40.00 X 90638 0 14966 875163 0 138115 5 0 1 0 EAT'N PARK HOSPITALITY GROUP INC 285 E WATERFRONT DR PITTSBURGH PA 15120 DINING SERVICES 2329171 HE NEUMANN CO PO BOX 6208 WHEELING WV 26003 HVAC REPAIR & MAINTENANCE 326568 EAB GLOBAL INC PO BOX 603519 CHARLOTTE NC 28260 STUDENT SEARCH 186390 JEFFERSON INVESTIGATORS & SECURITY INC 1439 SUNSET BLVD STEUBENVILLE OH 43952 SECURITY 183405 INDEPENDENT COLLEGE ENTERPRISE 2300 MACCORKLE AVE SE CHARLESTON WV 25304 INFORMATION TECHNOLOGY 179840 13 747642 3897001 3917 4644643 TUITION AND FEES 611310 16044316 16044316 AUXILIARY ENTERPRISES 611310 5627288 5570019 57269 OTHER PROGRAM SERVICES 611310 187598 187598 21859202 999370 999370 2019357 2019357 69520 263943 -194423 -194423 -194423 13101832 11990870 161528 1110962 -161528 949434 949434 30277583 21801933 -137154 3968161 10306889 10306889 1225668 1075668 150000 7325908 6967498 99062 259348 222031 213353 -7667 16345 1954716 1299917 611062 43737 637198 497316 110772 29110 86544 86544 168430 168430 91811 91811 499829 38600 444740 16489 292534 41428 231155 19951 162895 142286 12371 8238 2150302 1462205 688097 2014932 1410453 604479 341141 341141 SUPPLIES 2610143 1415696 1112579 81868 UTILITIES & MAINTENANCE 2289516 1638080 651436 0 DINING SERVICES 1770924 1770924 0 0 EQUIPMENT & REPAIRS 525396 341258 184138 0 860562 427016 433546 35537369 27972919 6939364 625086 1586682 305319 3681378 2689571 1167419 1176287 4019324 3582716 19908 19908 928774 930399 82592031 47291941 36431333 35300090 21269147 30389617 13266099 13575490 2566785 158531 84936849 88127928 3297984 3689416 4268554 4350355 0 295199 24173616 24765000 8838374 9984048 1810307 2443863 42388835 45527881 X -3015125 -2222320 6099990 2835004 39463149 41987363 42548014 42600047 84936849 88127928 X -5259786 -877733 20050 7072143 -902641 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2 3 1689596 600896 1 1 138520 X X X 0 44392349 910904 1234223 1645740 540011 44351725 42310780 445559 3893699 1585564 672125 44392349 42584745 305760 2939552 1131711 2387566 42310780 46724838 1241750 -450714 1238121 3693008 42584745 49834976 151378 526260 870154 2917622 46724838 0.00000 0.97000 0.03000 1 0 5948501 5948501 64998261 37196052 27802209 8249242 7180039 1069203 3396027 2915850 480177 35300090 POOLED INCOME FUNDS 3048354 F COAL, OIL & GAS RESERVES 6170065 F BENEFICIAL INTEREST IN EXTERNAL TRUSTS 4357071 F 13575490 OBLIGATIONS UNDER SPLIT INTEREST AGREEMENTS 859642 ACCRUED POSTRETIREMENT BENEFITS 1019717 OBLIGATIONS UNDER CAPITAL LEASES 564504 2443863 X 18506920 -877733 20050 -902641 -1760324 20267244 91811 9918528 10010339 30277583 25527030 0 25527030 91811 9918528 10010339 35537369 PART III, LINE 4: THE EXEMPT PURPOSE OF THE COLLECTIONS IS THE ADVANCEMENT OF EDUCATION. 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 ARE CATALOGED, PRESERVED AND CARED FOR, AND ACTIVITIES VERIFYING THEIR EXISTENCE AND ASSESSING THEIR CONDITION ARE PERFORMED CONTINOUSLY. 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. PART V, LINE 4: THE COLLEGE'S ENDOWMENT CONSISTS OF VARIOUS INVESTMENT FUNDS ESTABLISHED PRIMARILY FOR THE SUPPORT OF THE COLLEGE'S MISSION. ITS ENDOWMENT INCLUDES DONOR-RESTRICTED 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. PART X, LINE 2: THE COLLEGE ACCOUNTS FOR UNCERTAINTIES IN INCOME TAXES IN ACCORDANCE WITH AUTHORITATIVE GUIDANCE, WHICH PRESCRIBES A RECOGNITION THRESHOLD OF MORE-LIKELY-THAN-NOT TO BE SUSTAINED UPON EXAMINATION BY THE APPROPRIATE TAXING AUTHORITY. MANAGEMENT HAS DETERMINED THAT THERE WERE NO TAX UNCERTAINTIES THAT MET THE RECOGNITION THRESHOLD AT JUNE 30, 2019. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF INTERESTS IN MINERAL RESERVES -902,641. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS NETTED TO REVENUES ON THE FINANCIALS 10,306,889. UNRELATED BUSINESS EXPENSES -388,361. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS NETTED TO REVENUES ON THE FINANCIALS 10,306,889. UNRELATED BUSINESS EXPENSE -388,361. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 BETHANY COLLEGE ADMITS STUDENTS OF ANY RACE, COLOR, SEX, GENDER, RELIGION, SEXUAL ORIENTATION, DISABILITY, VETERAN STATUS, AND NATIONAL OR ETHNIC ORIGIN TO ALL THE RIGHTS, PRIVILEGES, PROGRAMS, AND ACTIVITIES GENERALLY AFFORDED OR MADE AVAILABLE TO STUDENTS. THE COLLEGE INCLUDES THE NON-DISCRIMINATION POLICY IN PRINTED AND WEB-BASED RECRUITMENT AND REGISTRATION MATERIALS. SCHEDULE E, PART I, LINE 6 ASSISTANCE CONSISTS OF STUDENT FINANCIAL ASSISTANCE RECEIVED FROM THE DEPARTMENT OF EDUCATION, PELL, SEOG, AND COLLEGE WORK STUDY. THE COLLEGE'S RIGHT TO SUCH AID HAS NEVER BEEN REVOKED OR SUSPENDED. CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS N/A 3144686 0 0 0 0 0 0 3144686 0 3144686 0 0 0 1 1 0 FORM 990, SCHEDULE F, PART IV, LN 5 NO FOREIGN FORMS HAVE BEEN FILED ON BEHALF OF BETHANY COLLEGE AS CIRCUMSTANCES DO NOT TRIGGER FILING REQUIREMENTS. BETHANY COLLEGE HAD LESS THAN A 2% OWNERSHIP INTEREST IN FOREIGN INVESTMENTS, LESS THAN $100,000 OF CAPITAL CONTRIBUTIONS WITHIN ITS 12-MONTH FISCAL YEAR, AND DID NOT RECEIVE DIVIDENDS RELATED TO UBIT. 1 STUDENT SCHOLARSHIPS AND AWARD 528 10306889 0 FAIR MARKET VALUE N/A X X X 1 1 X X X X 0 0 0 0 0 0 0 0 0 TAMARA NICHOLS RODENBERG PRESIDENT 275299 0 0 0 0 0 17452 0 42200 0 334951 0 0 0 JOSEPH LANE PROVOST 137513 0 0 0 0 0 8885 0 30811 0 177209 0 0 0 SVEN DE JONG DIRECTOR OF ADVANCEMENT 146989 0 0 0 0 0 9519 0 8249 0 164757 0 0 0 PART I, LINE 1A TRAVEL EXPENSES FOR THE PRESIDENT'S SPOUSE ARE ONLY PROVIDED WHEN THE TRAVEL AND RELATED EVENTS REQUIRE THE PRESENCE OF HER SPOUSE FOR BUSINESS PURPOSES. AS SUCH, THESE ARE CONSIDERED TO BE NONTAXABLE. THE PRESIDENT RECEIVED HOUSING PROVIDED BY THE COLLEGE HOUSING IS CONSIDERED NONTAXABLE PURSUANT TO IRS SECTION 119 BECAUSE LIVING ON CAMPUS IS A REQUIREMENT OF EMPLOYMENT. THE SOCIAL CLUB MEMBERSHIP IS PROVIDED FOR BUSINESS PURPOSE USE. THE PRESIDENT REIMBURSES THE COLLEGE FOR ANY AND ALL INCIDENTAL PERSONAL USE. AS SUCH, THESE ARE CONSIDERED TO BE NONTAXABLE. A THE COUNTY COMMISSION OF BROOKE COUNTY 556000302 112512AC0 2011-07-01 24631200 SEE PART VI 0 0 0 A 1715000 24765000 2463120 439811 292069 21570000 2013 1 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 1 0 0 0 0 0 0 1 A 1 SCHEDULE K, PART I, BOND ISSUES (A) ISSUER NAME: THE COUNTY COMMISSION OF BROOKE COUNTY (F) DESCRIPTION OF PURPOSE: REFINANCING AND CAPITAL IMPROVEMENTS FORM 990, PART VI, SECTION A, LINE 1 THE FOLLOWING INDIVIDUALS SERVE AS EMERITUS TRUSTEES ON THE BETHANY COLLEGE BOARD OF TRUSTEES WITH NO VOTING RIGHTS: REVEREND WILLIAM BURWELL ALLEN, O. JOHN ALPIZER, FREDERICK D. BLOEMEKE, WALTER M. BORTZ, III, NEIL CHRISTMAN, JAMES LEE COLLINS, DOUGLAS DANFORTH, GEORGE M. DAVIS, ROBERT PONTON, ANN C. PRESTON, JOHN W. RENNER, WILLIAM S. RYAN, ROBERT A. SANDERCOX, AND HAROLD R. WATKINS FORM 990, PART VI, SECTION A, LINE 1 PER THE BYLAWS, SECTION 2: AT ITS ANNUAL MEETING, THE BOARD SHALL ELECT A COMMITTEE OF NOT LESS THAN 7 NOR MORE THAN 11 TRUSTEES. THE EXACT NUMBER TO BE DETERMINED BY THE BOARD, BUT TO INCLUDE THE CHAIRMAN OF THE BOARD, TO SERVE AS AN EXECUTIVE COMMITTEE UNTIL THE NEXT ANNUAL MEETING OF THE BOARD AND UNTIL THEIR SUCCESSORS ARE CHOSEN. THE PRESIDENT OF THE COLLEGE SHALL BE AN EX-OFFICIO MEMBER OF THE COMMITTEE WITHOUT A VOTE. A MAJORITY SHALL CONSTITUTE A QUORUM. THE COMMITTEE SHALL ELECT ONE OF ITS MEMBERS AS CHAIRMAN AND SHALL ELECT OR APPOINT A SECRETARY. THE COMMITTEE SHALL MEET ON THE SECOND SATURDAY IN MARCH AND IMMEDIATELY BEFORE EACH REGULAR MEETING OF THE BOARD AND AT OTHER TIMES ON THE CALL OF EITHER THE PRESIDENT OF THE COLLEGE OR THE CHAIRMAN OF THE COMMITTEE. THE AUTHORITY OF THE BOARD OF TRUSTEES IS HERBY DELEGATED TO SAID EXECUTIVE COMMITTEE, EXCEPT AS OTHERWISE PROVIDED IN THE CHARTER OR IN THE BYLAWS, TO TRANSACT ALL BUSINESS RELATING TO THE COLLEGE AT ALL TIMES WHEN THE BOARD IS NOT IN SESSION. THE COMMITTE SHALL KEEP ACCURATE MINUTES OF ITS MEETINGS AND REPORT TO THE FULL BOARD AT ITS NEXT MEETING. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED IN DEPTH BY THE PRINCIPAL OFFICERS AND ACCOUNTING STAFF OF THE INSTITUTION. IT IS ALSO SHARED WITH ALL MEMBERS OF THE GOVERNING BODY FOR REVIEW PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C PURSUANT TO ARTICLE IX OF THE BY-LAWS OF THE BOARD OF TRUSTEES OF BETHANY COLLEGE, ALL BOARD MEMBERS AND OFFICERS OF BETHANY COLLEGE, AS WELL AS THE ASSISTANT SECRETARY OF THE BOARD, ARE GIVEN A CONFLICT OF INTEREST DISCLOSURE SURVEY WHICH THEY MUST SUBMIT AT THE ANNUAL MEETING OF THE BOARD OF TRUSTEES (USUALLY IN MAY). THE RESPONSES ARE MONITORED BY THE ASSISTANT SECRETARY TO THE BOARD OF TRUSTEES. A LIST OF POTENTIAL CONFLICTS IS REPORTED TO THE PRESIDENT OF THE COLLEGE WHO IN TURN SUBMITS THE REPORT TO THE OFFICERS OF THE BOARD AND THE COLLEGE'S EXTERNAL AUDITING FIRM FOR REVIEW. TRUSTEES WITH CONFLICT OF INTEREST ABSTAIN FROM VOTING. FORM 990, PART VI, SECTION B, LINE 15 PROCESS FOR DETERMINING COMPENSATION OF EXECUTIVE MANAGEMENT: ACCORDING TO WRITTEN OBJECTIVES, SPECIFIC AND GENERAL, DEVELOPED BY CONSULTATION BETWEEN THE PRESIDENT AND THE BOARD CHAIR AND PRESENTED TO AND APPROVED BY THE BOARD BEFORE THE OUTSET OF EACH ACADEMIC YEAR, THE PRESIDENT IS EVALUATED IN AN EXECUTIVE SESSION AT THE ANNUAL MEETING OF THE BOARD OF TRUSTEES. THE PRESIDENT REPORTS ON THESE GOALS AT EACH BOARD MEETING. THE PRESIDENT IS ALSO FORMALLY EVALUATED BY THE BOARD AT LEAST EVERY FOUR YEARS OR AT ANY TIME DEEMED DESIRABLE BY THE BOARD. THE EVALUATION IS CONDUCTED BY AN OUTSIDE EVALUATOR WHO IS APPOINTED BY THE BOARD WITH THE APPROVAL OF THE PRESIDENT. THE EXECUTIVE COMMITTEE SERVES AS THE PRESIDENT'S COMPENSATION COMMITTEE, AND BASED ON THE ANNUAL EVALUATION, MEETS IN EXECUTIVE SESSION TO REVIEW THE PRESIDENT'S COMPENSATION PACKAGE. THE PRESIDENT'S DUTIES, TERMS OF EMPLOYMENT, AND COMPENSATION ARE COMMITTED TO A TEN (10) PAGE "EMPLOYMENT AGREEMENT" (CONTRACT). THE FIRST NINE (9) PAGES OF THE CONTRACT CONTAIN SPECIFIC DUTIES AND TERMS. A ONE (1) PAGE APPENDIX IS UPDATED EACH YEAR WITH SALARY AND ANY SPECIAL CONDITIONS. A SUPPLEMENTAL LETTER OUTLINES REIMBURSEMENT FOR SPOUSAL ACCOMMODATION EXPENSE(S). THE CONTRACT WAS DRAFTED BY THE CHAIR OF THE BOARD AND THE COLLEGE'S GENERAL COUNSEL AND APPROVED BY THE PRESIDENT OF THE COLLEGE AS WELL AS THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES. THE FULL BOARD-RATIFIED DUTIES, TERMS, AND COMPENSATION PER THE CONTRACT, "THE EMPLOYEE'S (PRESIDENT) BASE SALARY FOR SUBSEQUENT YEARS WILL BE REVIEWED AND ESTABLISHED ANNUALLY, ON OR BEFORE MARCH 31 OF EACH CALENDAR YEAR, THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES AND, IF ADJUSTED, WILL BE ADJUSTED EFFECTIVE JULY 1 OF THAT YEAR. ADJUSTMENTS ARE AT THE SOLE DISCRETION OF THE EXECUTIVE COMMITTEE AND WILL BE CONDITIONED UPON THE BOARD'S SATISFACTION WITH THE EMPLOYEE'S PERFORMANCE AND THE COLLEGE'S FINANCIAL POSITION". THE EXECUTIVE COMMITTEE ANNUALLY EVALUATES THE PERFORMANCE OF THE PRESIDENT BEFORE MARCH 31 EACH YEAR, THE PRESIDENT RESPONDS IN WRITING TO A SET OF MUTUALLY AGREED UPON GOALS FOR THE PRIOR YEAR AND SUBMITS A DRAFT OF GOALS FOR THE UPCOMING YEAR. THE COMMITTEE PROVIDES CONSTRUCTIVE FEEDBACK TO BOTH. BASED ON THE EVALUATION, THE EXECUTIVE COMMITTEE SETS THE PRESIDENT'S COMPENSATION UTILIZING COMPARATIVE DATA FROM A VARIETY OF EXTERNAL SOURCES: (A) SURVEY DATA FOR PRESIDENTS OF COLLEGES WITH SIMILAR ASSETS PROVIDED BY THE ANNUAL COLLEGE UNIVERSITY AND PERSONNEL ASSOCIATION (CUPA), (B) A REVIEW OF INTERNAL REVENUE SERVICE 990 FORM DATA FOR PRESIDENTS OF PEER INSTITUTIONS, AND (C) COMPARATIVE DATA FOR PRESIDENTS OF NATIONAL LIBERAL ARTS COLLEGES PROVIDED BY THE ANNUAL CHRONICLE OF HIGHER EDUCATION SURVEY PROCESS FOR DETERMINING COMPENSATION OF OTHER EMPLOYEES: THE COLLEGE USES COMPARABLE COMPENSATION DATA (CUPA, NAICU, NACUBO, ETC) TO DETERMINE THE APPROPRIATE LEVEL OF COMPENSATION FOR ITS OFFICERS, TAKING EXPERIENCE, EDUCATION, AND SPECIALIZATION INTO CONSIDERATION. THE INFORMATION IS REVIEWED FOR COMPENSATION BY THE CHAIR OF THE BOARD OF TRUSTEES FOR BETHANY COLLEGE AND A SMALL EXECUTIVE COMMITTEE (COMPRISED OF BOARD MEMBERS). THEY LOOK AT NATIONAL PRESIDENTIAL COMPENSATION REPORTS SUCH AS YAFFE. THIS PROCESS IS UNDERTAKEN ANNUALLY AND IS DOCUMENTED VIA EMAIL COMMUNICATIONS FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS, GOVERNING DOCUMENTS, AND CONFLICT OF INTEREST STATEMETNS ARE AVAILABLE UPON REQUEST IN THE OFFICE OF THE PRESIDENT OF THE COLLEGE. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF INTERESTS IN MINERAL RESERVES -902,641. CHARITABLE REMAINDER TRUSTS (4) INVESTMENTS PA N/A T 1 CHARITABLE TRUSTS (4) INVESTMENTS PA N/A T 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0