2019-11-14T13:57:55-06:00 2019-06-30 390859910 BAKER TILLY VIRCHOW KRAUSE LLP 1570 FRUITVILLE PIKE SUITE 400 LANCASTER PA 17601 990 2018-07-01 231352691 WILLIAMSON COLLEGE OF THE TRADES WILL 6105661776 106 S NEW MIDDLETOWN ROAD MEDIA PA 190635299 NANCY CATANIA CFO & VP RESOURCE MGT. 6105661776 2019-11-13 1 KERRI N BOGDA CPA P00760402 7177404863 96.89.178.154 2019-11-13 15:51:15 ES P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 9D0D8DD59390B7764A3ECE0F40BBFE3618018605 2018 2020-03-31 21:24:44Z MICHAEL ROUNDS 106 S NEW MIDDLETOWN ROAD MEDIA PA 190635299 83684839 0 X WWW.WILLIAMSON.EDU X 1888 PA TO PREPARE QUALIFIED YOUNG MEN TO BE RESPECTED LEADERS AND PRODUCTIVE MEMBERS OF THE SOCIETY. 20 20 137 150 -15836 -15836 13254667 7662895 0 0 34057041 4354878 115011 57026 47426719 12074799 0 0 0 0 5283586 5135758 0 0 1066153 4387624 4372043 9671210 9507801 37755509 2566998 155213199 161159795 2006753 2087789 153206446 159072006 X WILLIAMSON COLLEGE OF THE TRADES PREPARES QUALIFIED YOUNG MEN TO BE RESPECTED LEADERS AND PRODUCTIVE MEMBERS OF THE SOCIETY. 0 0 3768647 TO ACCOMPLISH THE MISSION, WILLIAMSON GRATUITOUSLY PROVIDES STUDENTS WITH ACADEMIC, TRADE, TECHNICAL, MORAL AND RELIGIOUS EDUCATION, AND A LIVING ENVIRONMENT BASED ON THE JUDEO-CHRISTIAN PERSPECTIVE THAT FOSTERS THE VALUES OF FAITH, INTEGRITY, DILIGENCE, EXCELLENCE, AND SERVICE WITHOUT CHARGING FOR TUITION, ROOM, OR BOARD. WILLIAMSON'S VISION IS THAT OF MEN BUILDING A BETTER WORLD BY BUILDING BETTER FAMILIES, ORGANIZATIONS, AND COMMUNITIES.EDUCATIONAL PROGRAM PROVIDING FULL SCHOLARSHIPS FOR APPROXIMATELY 250 QUALIFIED YOUNG MEN. PROGRAM EXPENSES INCLUDE $339,532 OF EXPENSE FUNDED BY FEDERALL PELL GRANT AWARDS. EXPENSES ARE FOR TRAINING IN A TRADE AND FOR GENERAL EDUCATION COURSES. CONTINUED ON SCHEDULE O.PROGRAMS OF STUDY INCLUDE CONSTRUCTION MANAGEMENT - CARPENTRY; CONSTRUCTION MANAGEMENT - MASONRY; PAINT & COATINGS TECHNOLOGY; MACHINE TOOL TECHNOLOGY; POWER PLANT TECHNOLOGY; AND HORTICULTURE, LANDSCAPING AND TURF MANAGEMENT. EXPENSES INCLUDE SALARIES, EMPLOYEE BENEFITS, EDUCATIONAL SUPPLIES AND ALLOCATED GENERAL EXPENSES FOR THESE EDUCATIONAL PROGRAMS. APPROXIMATELY 74% OF STUDENTS GRADUATE, AND APPROXIMATELY 98% OF GRADUATES FIND GAINFUL EMPLOYMENT IN THEIR TRADE OF TRAINING WITHIN TWO YEARS OF GRADUATION. 2216752 0 0 BOARD, LODGING AND HEALTH SERVICE: STUDENTS ARE REQUIRED TO LIVE ON CAMPUS. MEALS, HOUSING, AND MEDICAL FACILITIES ARE PROVIDED AT THE COLLEGE'S EXPENSE. A SIGNIFICANT PORTION IS ALLOCATED TO SALARIES FOR THESE SERVICES. 167737 0 0 ACTIVITY EXPENSES: THESE EXPENSES RELATE TO SOCIAL FUNCTIONS FOR THE STUDENTS AND ATHLETIC COSTS. COSTS ARE INCURRED FOR REFRESHMENT, ENTERTAINMENT AND ATHLETIC EQUIPMENT, SUPPLIES, AND COACHING SALARIES. 6153136 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 54 0 137 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 20 20 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 1 1 0 PA AK AZ CO KY MD MA MI NH OH OK OR SC WA X NANCY CATANIA CFO & VP RESOURCE MGMT 6105661776 106 S NEW MIDDLETOWN ROAD MEDIA PA 190635299 WILLIAM J BONENBERGER CHAIRMAN 20.00 X X 0 0 0 ARTHUR J LALLO VICE CHAIRMAN 2.00 X X 0 0 0 WILLIAM B STRINE SECRETARY 4.00 X X 0 0 0 JOHN T LAWTON TREASURER 2.00 X X 0 0 0 JOHN F BARNES TRUSTEE 1.00 X 0 0 0 RICHARD G CLEMENS ESQ TRUSTEE 1.00 X 0 0 0 NICHOLAS J DAVEY TRUSTEE 1.00 X 0 0 0 STEPHEN J KELLY TRUSTEE 1.00 X 0 0 0 DANIEL P FLOOD TRUSTEE 1.00 X 0 0 0 EDWIN B MAHONEY TRUSTEE 1.00 X 0 0 0 VINCENT B MANCINI TRUSTEE 3.00 X 0 0 0 THOMAS L OTT PE PP CCP TRUSTEE 1.00 X 0 0 0 MICHAEL T PIOTROWICZ TRUSTEE 1.00 X 0 0 0 CHRISTOPHER A SCHELL TRUSTEE 1.00 X 0 0 0 RICHARD F STORM TRUSTEE 3.00 X 0 0 0 JOHN W STUCKEY TRUSTEE 2.00 X 0 0 0 LARRY L TURNER TRUSTEE 1.00 X 0 0 0 DAVID W WATSON TRUSTEE 1.00 X 0 0 0 JAMES J OBERMEIER TRUSTEE 1.00 X 0 0 0 THOMAS J GOEKE TRUSTEE 1.00 X 0 0 0 RICHARD W LIGHTY PHD TRUSTEE (UNTIL 02/2019) 2.00 X 0 0 0 MICHAEL J ROUNDS PE PRESIDENT 40.00 X 157785 0 55596 ARLENE A SNYDER VP ADVANCEMENT 40.00 X 147117 0 11221 TODD ZACHARY SVP AND CHIEF OF STAFF 40.00 X 109810 0 8507 414712 0 75324 3 0 1 0 WOHLSEN CONSTRUCTION COMPANY PO BOX 4612 LANCASTER PA 17604 GENERAL CONTRACTOR ROWAN HALL PROJECT 1679827 GOLDHORN ELECTRICAL CONSTRUCTION 20 COMMERCE DRIVE ASTON PA 19014 ELECTRICAL CONTRACTOR 557564 COMPUTER FORCE 1776 STOUT DRIVE WARMINSTER PA 18974 IT SERVICES 458829 AMDG EXTERIOR CONTRACTING 504 EAGLE ROAD SPRINGFIELD PA 19064 BUILDING IMPROVEMENTS 224675 MILL CREEK CAPITAL ADVISORS LLC 161 WASHINGTON STREET SUITE 1500 CONSHOCKEN PA 19428 INVESTMENT MGT. FEES 174889 11 339532 7323363 187853 7662895 2894122 -15836 2909958 1675 0 1675 1675 1675 73027116 71562102 4258 1465014 -4258 1460756 1460756 49813 43680 6133 6133 RESPONSE PROGRAM 900099 16822 16822 STUDENT GOVERNMENT 900099 9596 9596 PARKING FEES 900099 6280 6280 16520 16520 49218 12074799 0 -15836 4427740 168141 42035 42035 84071 3729610 2463213 780989 485408 228958 155611 47509 25838 690422 457807 144396 88219 318627 210437 66721 41469 4929 4929 52574 52574 452994 452994 139708 69854 69854 38792 9698 9698 19396 1073933 930778 114052 29103 247499 214507 26285 6707 SUPPLIES 1544657 941627 338477 264553 MAINTENANCE 816957 657569 137999 21389 9507801 6153136 2288512 1066153 2855 4935 1949890 923676 2452993 3033453 52344 61241 41617618 15124746 22755199 26492872 119775535 121653998 830901 1329786 7393482 7659834 155213199 161159795 1516629 1524431 14955 89430 475169 473928 2006753 2087789 X 30871190 36800288 28360135 26599045 93975121 95672673 153206446 159072006 155213199 161159795 X 2566998 3348204 -49642 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 118874893 1715370 6997056 5939980 121647339 110055678 7183287 7350233 5714305 118874893 106041477 462034 9148322 5596155 110055678 106568031 5063191 -321971 5267774 106041477 109402789 30386 2381220 5246364 106568031 0.04710 0.77750 0.17540 1 0 559753 559753 26293521 8373439 17920082 8677779 4608807 4068972 6086565 2142500 3944065 26492872 ANNUITY OBLIGATIONS 473928 473928 X 14968305 3348204 -518472 2829732 12138573 -63774 -63774 12074799 9102745 47938 47938 9054807 452994 452994 9507801 PART V, LINE 4: ENDOWMENT FUNDS PROVIDE REVENUE TO OPERATE THE COLLEGE. PART X, LINE 2: MANAGEMENT HAS EVALUATED SUBSTANTIVE TAX POSITIONS TAKEN BY THE COLLEGE AS OF JUNE 30, 2019 AND 2018. A TAX POSITION IS RECOGNIZED AS A BENEFIT ONLY IF IT IS "MORE-LIKELY-THAN-NOT" THAT THE TAX POSITION WOULD BE SUSTAINED IN A TAX EXAMINATION, WITH A TAX EXAMINATION BEING PRESUMED TO OCCUR. THE AMOUNT RECOGNIZED IS THE LARGEST AMOUNT OF TAX BENEFIT THAT HAS A LIKELIHOOD OF BEING REALIZED ON EXAMINATION OF MORE THAN 50 PERCENT. FOR TAX POSITIONS NOT MEETING THE "MORE-LIKELY-THAN-NOT" TEST, NO TAX BENEFIT IS RECORDED. MANAGEMENT BELIEVES THAT NO SIGNIFICANT UNCERTAIN TAX POSITIONS EXIST, EITHER INDIVIDUALLY OR IN THE AGGREGATE, THAT WOULD GIVE RISE TO THE NONRECOGNITION OF AN INCOME TAX LIABILITY. AS OF JUNE 30, 2019 AND 2018, THE COLLEGE HAD NO MATERIAL UNRECOGNIZED TAX BENEFITS OR LIABILITIES. THE COLLEGE'S FEDERAL RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX (FORM 990) FOR THE YEARS ENDED JUNE 30, 2018, 2017, AND 2016 ARE SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE, GENERALLY FOR THREE YEARS AFTER THE DATE THE RETURN WAS FILED. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF BENEFICIAL INTEREST IN PERPETUAL TRUSTS -1,564. CHANGE IN VALUE OF CHARITABLE REMAINDER TRUSTS -28,730. CHANGE IN VALUE OF ANNUITY OBLIGATIONS -35,184. INVESTMENT EXPENSES NETTED AGAINST REVENUES ON THE FINANCIALS -452,994. PART XI, LINE 4B - OTHER ADJUSTMENTS: COST OF GOODS SOLD SCHOOL STORE -43,680. LOSS ON DISPOSAL OF ASSETS -4,258. UBI LOSS FROM PARTNERSHIP INVESTMENTS -15,836. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD SCHOOL STORE 43,680. LOSS ON DISPOSAL OF ASSETS 4,258. PART XII, LINE 4B - OTHER ADJUSTMENTS: INVESTMENT EXPENSES NETTED AGAINST REVENUES ON THE FINANCIALS 452,994. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 ADVERTISING AND STUDENT RECRUITMENT MEDIA CLEARLY STATE THE COLLEGE'S RACIALLY NON-DISCRIMINATORY POLICY. SCHEDULE E, PART I, LINE 6 THE COLLEGE RECEIVES FEDERAL PELL GRANT AWARD FUNDING. X X X 1 1 X X 0 0 0 0 0 0 0 0 0 MICHAEL J ROUNDS PE PRESIDENT 157785 0 0 0 0 0 11045 0 44551 0 213381 0 0 0 ARLENE A SNYDER VP ADVANCEMENT 147117 0 0 0 0 0 10298 0 923 0 158338 0 0 0 PART I, LINE 1A A HOUSING ALLOWANCE, SOCIAL CLUB DUES, AND PERSONAL SEVICES WERE PROVIDED TO MICHAEL J. ROUNDS (PRESIDENT) STRICTLY FOR BUSINESS PURPOSES. THESE AMOUNTS WERE NOT INCLUDED AS TAXABLE COMPENSATION. X 4 187853 SELLING PRICE 0 1 1 PART I, COLUMN (B): NUMBER OF CONTRIBUTIONS IN PART I, COLUMN B REPRESENT THE NUMBER OF CONTRIBUTORS OF THE PARTICULAR ITEM. PART I, LINE 32B: THE ORGANIZATION HIRES A LICENSED REAL ESTATE BROKER TO MARKET AND SELL GIFTED REAL ESTATE THAT IS NOT PART OF THE EXISTING COLLEGE CAMPUS. FORM 990, PART VI, SECTION A, LINE 8B COMMITTEES DO NOT HAVE AUTHORITY TO ACT ON BEHALF OF THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE COMPLETED FORM 990 IS PROVIDED TO THE ENTIRE BOARD OF TRUSTEES, AUDIT COMMITTEE, AND PRESIDENT FOR REVIEW AND APPROVAL PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C EACH BOARD MEMBER AND OTHER INTERESTED PERSON SHALL ANNUALLY SIGN A STATEMENT WHICH AFFIRMS THAT SUCH PERSON: 1. HAS RECEIVED A COPY OF THE CONFLICT OF INTEREST POLICY 2. HAS READ AND UNDERSTANDS THE CONFLICT OF INTEREST POLICY 3. HAS AGREED TO COMPLY WITH THE POLICY EACH BOARD MEMBER AND OTHER INTERESTED PERSON SHALL ANNUALLY SIGN A CONFLICT OF INTEREST DISCLOSURE STATEMENT NOTING ANY ACTUAL OR POSSIBLE CONFLICTS OF INTEREST. ALL COMPLETED CONFLICT OF INTEREST ANNUAL DISCLOSURE STATEMENTS ARE RETURNED TO THE CHIEF FINANCIAL OFFICER TO REVIEW AND MONITOR FOR COMPLIANCE WITH THE POLICY. IF A CONFLICT EXISTS, THE BOARD WILL RECOMMEND AN ADEQUATE MECHANISM FOR OVERCOMING THE CONFLICT SUCH AS ABSTAINING FROM DISCUSSION AND VOTE ON ANY TRANSACTION. FORM 990, PART VI, SECTION B, LINE 15 THE PERSONNEL COMMITTEE AND BOARD OF TRUSTEES EVALUATE AND SET THE PRESIDENT'S AND OFFICERS' COMPENSATION USING VARIOUS EVALUATION METHODS SUCH AS EVALUATION OF SALARY SURVEYS AND MARKET RATES FOR THE INDUSTRY. THESE ACTIONS ARE RECORDED IN THE OFFICIAL MINUTES OF THE BOARD. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION PROVIDES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF BENEFICIAL INTEREST IN PERPETUAL TRUSTS -1,564. CHANGE IN VALUE OF CHARITABLE REMAINDER TRUSTS -28,730. CHANGE IN VALUE OF ANNUITY OBLIGATIONS -35,184. UBI LOSS FROM PARTNERSHIP INVESTMENTS 15,836.