2019-04-01T14:00:29-05:00 2018-06-30 GRANT THORNTON LLP 2001 MARKET STREET SUITE 700 PHILADELPHIA PA 19103 990 2017-07-01 231627436 Peirce College % ELIZABETH KRAPP PEIR 8884673472 1420 Pine Street Philadelphia PA 19102 ELIZABETH KRAPP VP FINADM VP, FINANCE & ADMIN 2156709128 2019-04-01 true Frank Giardini P00532355 2155614200 209.220.136.124 23695320190915000022 2019-04-01 P 04723B140884A68F403C8436F180167607B0B333 88D315BB73FFA7790A8951213F600CF0665A14D3 2017 2019-02-21 02:37:17Z Elizabeth Krapp 1420 Pine Street Philadelphia PA 19102 34341556 false X www.peirce.edu X 1963 PA PEIRCE COLLEGE IS A PRIVATE SPECIALIZED INSTITUTION OFFERING CAREER ORIENTED PROGRAMS TO ADULT COLLEGE STUDENTS OFFERING ASSOCIATES, BACHELORS, MASTER'S DEGREES. 25 25 323 25 0 46964 5440849 5872595 19122528 19725098 820293 2692842 162292 249961 25545962 28540496 7508548 8088920 0 0 12201084 12333402 0 0 493206 6612328 5799726 26321960 26222048 -775998 2318448 40062728 36964692 10531609 5844286 29531119 31120406 X PEIRCE COLLEGE EMPOWERS ADULT LEARNERS TO IMPROVE THEIR LIVES BY ACHIEVING CAREER GOALS THROUGH ACADEMIC OFFERINGS ALIGNED WITH EVOLVING WORKFORCE NEEDS. PEIRCE STRIVES TO BE A TRANSFORMATIONAL LEADER FOCUSED ON PROVIDING ADULT LEARNERS INNOVATIVE ACADEMIC PROGRAMS THROUGH FLEXIBLE DELIVERY OPTIONS AND DYNAMIC PARTNERSHIPS. false false 22102078 8088920 19725098 FOUNDED IN 1865, PEIRCE COLLEGE IS A PRIVATE, SPECIALIZED INSTITUTION PROVIDING PRACTICAL LEADING-EDGE CURRICULA TO PRIMARILY WORKING ADULT LEARNERS.THE COLLEGE AWARDS THE MASTER OF SCIENCE IN ORGANIZATIONAL LEADERSHIP AND MANAGEMENT, THE MASTER OF SCIENCE IN HEALTH CARE ADMINISTRATION, AND THE BACHELOR OF SCIENCE AND ASSOCIATE IN SCIENCE DEGREES. THE DEGREE PROGRAMS ARE IN ACCOUNTING, BUSINESS ADMINISTRATION, CRIMINAL JUSTICE, GENERAL STUDIES, HEALTH INFORMATION ADMINISTRATION, HEALTH INFORMATION TECHNOLOGY, HEALTHCARE ADMINISTRATION, HUMAN RESOURCE MANAGEMENT, INFORMATION TECHNOLOGY AND PARALEGAL STUDIES. PEIRCE COLLEGE OFFERS ITS PROGRAMS UTILIZING TWO INTERCHANGEABLE DELIVERY FORMATS: ON CAMPUS AT ITS CENTER CITY PHILADELPHIA LOCATION AND ONLINE THROUGH WEB BASED DISTANCE LEARNING. PEIRCE COLLEGE IS ACCREDITED BY THE MIDDLE STATES COMMISSION ON HIGHER EDUCATION. THE BACHELOR OF SCIENCE AND ASSOCIATE IN SCIENCE DEGREES AND THE CERTIFICATE OF PROFICIENCY IN PARALEGAL STUDIES ARE RECOGNIZED AND APPROVED BY THE AMERICAN BAR ASSOCIATION (ABA). THE ACCREDITATION COUNCIL FOR BUSINESS SCHOOLS AND PROGRAMS (ACBSP) ACCREDITS PEIRCE COLLEGE'S BACHELOR OF SCIENCE AND ASSOCIATE IN SCIENCE DEGREES AND CERTIFICATES OF PROFICIENCY IN BUSINESS ADMINISTRATION AND ACCOUNTING. 22102078 true true false false false false false false false true true false false false true true true false true false false false false false false false false false true true false false false false false false false false true false false false false false false false false true 2463 0 true 323 true false false false false false false false false false false X 25 25 true false false false false false false true true false false true true true true true true true true false X ELIZABETH KRAPP 2156709128 1420 PINE STREET Philadelphia PA 19102 WILLIAM H MORGAN VICE CHAIR 1.0 0.0 X X 0 0 0 MARGARET E SOFIO VICE CHAIR 1.0 0.0 X X 0 0 0 BARBARA A PRUTZMAN BOARD CHAIR 1.0 0.0 X X 0 0 0 MARC D AMMATURO BOARD MEMBER 1.0 0.0 X 0 0 0 JOSEPH F BARSTYS BOARD MEMBER 1.0 0.0 X 0 0 0 LINETTE W BLACK BOARD MEMBER 1.0 0.0 X 0 0 0 TONI PERGOLIN BOARD MEMBER 1.0 0.0 X 0 0 0 PETER A CAPUTO BOARD MEMBER 1.0 0.0 X 0 0 0 LISA A CURRAN BOARD MEMBER 1.0 0.0 X 0 0 0 KEITH DAVISTON BOARD MEMBER 1.0 0.0 X 0 0 0 ALPHONSO DINSON BOARD MEMBER 1.0 0.0 X 0 0 0 MARK EDWARDS BOARD MEMBER 1.0 0.0 X 0 0 0 ROBERT G GRASSO BOARD MEMBER 1.0 0.0 X 0 0 0 TOM KARINSHAK BOARD MEMBER 1.0 0.0 X 0 0 0 ROBERT J SCULLIN BOARD MEMBER 1.0 0.0 X 0 0 0 LISA S WALKER BOARD MEMBER 1.0 0.0 X 0 0 0 SCOTT D SMITH BOARD MEMBER 1.0 0.0 X 0 0 0 SHARMAIN MATLOCK-TURNER BOARD MEMBER 1.0 0.0 X 0 0 0 KATHRYN MCCLUSKEY BOARD MEMBER 1.0 0.0 X 0 0 0 JOSHUA W B RICHARDS BOARD MEMBER 1.0 0.0 X 0 0 0 DAVID SILVERMAN BOARD MEMBER 1.0 0.0 X 0 0 0 RENEE BYNG YANCEY BOARD MEMBER 1.0 0.0 X 0 0 0 THOMAS MCLAUGHLIN BOARD MEMBER 1.0 0.0 X 0 0 0 BRIAN SWIFT BOARD MEMBER 1.0 0.0 X 0 0 0 LAWRENCE SCANLAN BOARD MEMBER 1.0 0.0 X 0 0 0 MARY ELLEN CARO PRESIDENT AND CEO 40.0 0.0 X 0 0 0 JAMES J MERGIOTTI PRESIDENT AND CEO 40.0 0.0 X 304279 0 33232 ELIZABETH M KRAPP VP FINANCE/ADMINISTRATION 40.0 0.0 X 180900 0 24636 TARA MCBRIDE BOARD SECRETARY 40.0 0.0 X 75563 0 12994 BRAD K HODGE VP OF STUDENT SERVICES 40.0 0.0 X 147175 0 16762 RITA TOLIVER VP OF ACADEMIC ADVANCEMENT 40.0 0.0 X 177333 0 37996 LISA PARIS VP OF MARKETING & ADMISSIONS 40.0 0.0 X 143166 0 13309 UVA C COLES VP INSTITUTIONAL ADVANCEMENT 40.0 0.0 X 153789 0 30408 HARRIET GOLEN VP OF HUMAN RESOURCE 40.0 0.0 X 137025 0 29929 ADRIAN ZAPPALA DEAN OF GRADUATE STUDIES 40.0 0.0 X 140329 0 28691 JAMES BURNS CHIEF INFORMATION OFFICER 40.0 0.0 X 130069 0 28985 JONATHAN LENROW ASSOC DEAN OF AC OPS & FAC SUP 40.0 0.0 X 123917 0 15082 DR BRIAN FINNEGAN DEAN, IT AND GENERDAL EDU. 40.0 0.0 X 125522 0 8184 1839067 0 280208 11 false true false HARMELIN MEDIA 525 RIGHERS FERRY ROAD BALA CYNWYD PA 19004 ADVERTISING 850245 A BOOK COMPANY 28312 NETWORK PLACE CHICAGO IL 60673 Book Provider 755696 ALLIED UNIVERSAL SECURITY SERVICES 161 WASHINGSTON STREET SUITE 600 CONSHOHOCKEN PA 19428 Security 229191 DUANE MORRIS LLP 30 SOUTH 17TH STREET PHILADELPHIA PA 19103 Legal 126878 4 5286490 586105 159052 5872595 TUITION AND FEES 812900 19725098 19725098 19725098 577970 577970 0 0 94162 94162 0 94162 94162 7915932 5801060 2114872 2114872 2114872 0 0 0 0 0 0 0 0 0 BOOKSTORE 812900 45572 45572 VENDING FEES 812900 4847 4847 ALL OTHER 812900 105380 105380 155799 28540496 19725098 2942803 0 8088920 8088920 0 0 1119525 734348 311372 73805 0 8395162 7319729 853159 222274 438068 363661 60382 14025 1734468 1232887 479987 21594 646179 546528 78343 21308 166314 166314 134446 134446 122894 122894 0 0 29775 29775 428213 233861 194352 757707 757707 277636 245870 11778 19988 759695 692994 43910 22791 0 723673 660134 41828 21711 22626 16010 2806 3810 0 5920 4868 1052 113888 113888 0 1066021 972425 61616 31980 148514 148514 PROVISION FOR LOSSES ON A/R 534700 534700 TEMPORARY EMPLOYEE CONTRACTS 79622 30336 49286 0 MEALS & BANQUETS 77501 49373 9821 18307 REVENUE SHARING 77242 77242 273339 152427 99299 21613 26222048 22102078 3626764 493206 X 112727 1051672 1287965 470108 390077 235769 1470397 1252308 0 0 0 0 0 0 0 0 199612 172285 34998684 24558812 10627356 10439872 25716489 23180375 147641 65736 0 0 0 0 110464 96567 40062728 36964692 1513661 857984 0 0 1166554 659930 0 0 0 0 0 0 3145353 3018504 1334452 0 3371589 1307868 10531609 5844286 X 26876155 28107447 2245179 2345786 409785 667173 29531119 31120406 40062728 36964692 X 2318448 -729161 X false true X true true true X 996102 1970244 232966 16312 5842 1453 3175705 251810 758155 13863 996102 253476 -1391 275 251810 238688 12116 2946 274 253476 223222 15731 265 238688 0.18000 0.18000 0.64000 true false 27670 27670 19150036 10423803 8726233 15820978 14135009 1685969 10439872 0 REIMBURSEMENT CONTINGENCY 1307868 1307868 X 19722415 -729161 -3493504 -4222665 23945080 4595416 4595416 28540496 18133128 -4595416 -4595416 22728544 3493504 3493504 26222048 INTENDED USES OF ENDOWMENT FUNDS SCHEDULE D, PART V, LINE 4 THE COLLEGE'S ENDOWMENT CONSISTS OF DONOR-RESTRICTED AND BOARD DESIGNATED FUNDS TO BE HELD IN PERPETUITY, WITH INCOME BEING USED FOR SCHOLARSHIPS, OPERATING EXPENSES, AND FACULTY AWARDS. ORGANIZATION'S LIABILITY FOR UNCERTAIN TAX POSITIONS UNDER FIN 48 SCHEDULE D, PART X, LINE 2 - OTHER LIABILITIES THE COLLEGE HAS BEEN GRANTED TAX-EXEMPT STATUS AS A NONPROFIT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND, ACCORDINGLY, FILES FEDERAL TAX FORM 990 (RETURN OF ORGANIZATION; EXEMPT FROM INCOME TAX) ANNUALLY. THE COLLEGE RECOGNIZES OR DERECOGNIZES TAX PROVISIONS BASED ON A "MORE LIKELY THAN NOT" THRESHOLD. THIS THRESHOLD APPLIES TO POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE COLLEGE DOES NOT BELIEVE ITS FINANCIAL STATEMENTS INCLUDES ANY MATERIAL UNCERTAIN TAX POSITIONS. OTHER AMOUNT RECONCILING TO FORM 990, PART VIII SCHEDULE D, PART XI, LINE 2d SCHOLARSHIPS: (3,493,504) --------- (3,493,504) OTHER AMOUNT RECONCILING TO FORM 990, Part VIII SCHEDULE D, PART XII, LINE 4d PELL/PHEAA GRANTS: 4,595,416 --------- 4,595,416 OTHER AMOUNT RECONCILING TO FORM 990, PART IX SCHEDULE D, PART XII, LINE 2d PELL/PHEAA GRANTS: (4,595,416) --------- (4,595,416) OTHER AMOUNT RECONCILING TO FORM 990, PART IX SCHEDULE D, PART XII, LINE 4d SCHOLARSHIPS: 3,493,504 --------- 3,493,504 true true true true true true true false false false false false false false false true false true PUBLICATION OF RACIALLY NON DISCRIMINATORY POLICY SCHEDULE E, PART I, LINE 3 PEIRCE COLLEGE GIVES SCHOLARSHIPS AND GRANTS TO STUDENTS BASED UPON FINANCIAL NEED AND ACADEMIC EXCELLENCE. THE SELECTION OF RECIPIENTS IS MADE BASED UPON OBJECTIVE CRITERIA. NO ONE IS DISCRIMINATED AGAINST BASED UPON RACE, RELIGION, GENDER, ETHNIC BACKGROUND, AGE, HANDICAP, STATUS AS A DISABLED VETERAN, OR ANY OTHER REASON. GOVERNMENT ASSISTANCE SCHEDULE E, PART I, LINE 6A PEIRCE COLLEGE RECEIVED ASSISTANCE FROM THE U.S. DEPARTMENT OF EDUCATION FOR THE FOLLOWING PROGRAMS: FEDERAL PELL GRANT, FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANT, FEDERAL WORK STUDY, AND THE CARL D. PERKINS CAREER AND TECHNICAL EDUCATION GRANT, AND PEIRCE COLLEGE ALSO RECEIVED INSTITUTIONAL ASSISTANCE GRANT AND PENNSYLVANIA STATE GRANT FROM THE PENNSYLVANIA HIGHER EDUCATION ASSISTANCE AGENCY. true Federal Pell Grants 1328 3843185 0 Federal SEOG 198 201682 0 Unrestricted 609 2924256 0 Restricted by Donors 116 367566 0 PHEAA 584 752231 0 PROCEDURE FOR MONITORING USE OF GRANT FUNDS INSIDE U.S. SCHEDULE I, PART I, LINE 2 ALL FINANCIAL AID GRANTS ARE USED FOR THE INTENDED PURPOSE WHICH IS TO PROVIDE AID TO STUDENTS WITH FINANCIAL NEED TO COVER THE STUDENTS' COST OF ATTENDANCE. THESE GRANTS INCLUDE FEDERAL PELL GRANTS, FEDERAL SEOG GRANTS, AND STATE PHEAA GRANTS. THE COLLEGE ALSO AWARDS DONOR RESTRICTED GRANTS THAT ARE PROVIDED FROM FOUNDATIONS, ALUMNI SCHOLARSHIP DONATIONS, AND OTHER DONORS. ADDITIONALLY, THE COLLEGE PROVIDES INTERNAL INSTITUTIONAL GRANTS TO ELIGIBLE STUDENTS. THE GRANTS ARE AWARDED AND POSTED TO THE ELIGIBLE STUDENTS ACCOUNTS BY THE FINANCIAL AID OFFICE. THESE ACCOUNTS ARE RECONCILED BY THE ACCOUNTING DEPARTMENT AND THE FINANCIAL AID OFFICE ON A MONTHLY BASIS. THE FINANCIAL AID OFFICE COMPLIES WITH THE U.S. DEPARTMENT OF EDUCATION GUIDELINES AS WELL AS ANY DONOR RESTRICTED GRANT GUIDELINES. THE FINANCIAL AID OFFICE REPORTS STUDENT GRANT AWARDS TO THE U.S. DEPARTMENT OF EDUCATION AND PHEAA THROUGHOUT THE YEAR AND ALSO SUBMITS THE REQUIRED ANNUAL FISAP REPORT TO THE U.S. DEPARTMENT OF EDUCATION. AN ANNUAL A-133 AUDIT (FINANCIAL STATEMENTS AND REPORT OF INDEPENDENT CERTIFIED PUBLIC ACCOUNTS IN ACCORDANCE WITH OMB CIRCULAR A-133) IS CONDUCTED BY THE COLLEGES' EXTERNAL INDEPENDENT AUDITORS. X X X X true true false false false false false false false JAMES J MERGIOTTI PRESIDENT AND CEO 289543 0 0 0 14736 0 16200 0 17032 0 337511 0 0 0 ELIZABETH M KRAPP VP FINANCE/ADMINISTRATION 180900 0 0 0 0 0 10854 0 13782 0 205536 0 0 0 BRAD K HODGE VP OF STUDENT SERVICES 147175 0 0 0 0 0 8831 0 7931 0 163937 0 0 0 RITA TOLIVER VP OF ACADEMIC ADVANCEMENT 177333 0 0 0 0 0 10640 0 27356 0 215329 0 0 0 LISA PARIS VP OF MARKETING & ADMISSIONS 143166 0 0 0 0 0 2544 0 10765 0 156475 0 0 0 UVA C COLES VP INSTITUTIONAL ADVANCEMENT 153789 0 0 0 0 0 9227 0 21181 0 184197 0 0 0 HARRIET GOLEN VP OF HUMAN RESOURCE 137025 0 0 0 0 0 8222 0 21707 0 166954 0 0 0 ADRIAN ZAPPALA DEAN OF GRADUATE STUDIES 140329 0 0 0 0 0 7510 0 21181 0 169020 0 0 0 JAMES BURNS CHIEF INFORMATION OFFICER 130069 0 0 0 0 0 7804 0 21181 0 159054 0 0 0 Severance Payment Schedule J, Part I, line 4a The following individual received a severance payment during calendar year 2017: Lisa Paris $22,312 Supplemental Nonqualified Retirement Plan Schedule J, Part I, Line 4b: No amounts were paid out of the supplemental nonqualified retirement plan in the year ended June 30, 2018. James J. Mergiotti is a plan participant. X 1 159052 fmv 0 false true true Gift Acceptance Policy Schedule M, Part I, line 31 If a donor wishes to contribute a noncash gift, the prospective gift is reviewed by the Finance Office to determine its saleability, liquidity, and risks. Peirce's policy is to liquidate all gifts and invest the proceeds according to the College's Investment Policy. Third Party Involvement in NonCash Contributions Schedule M, Part I, Line 32b Peirce does not hire any third parties to solicit noncash contributions. When Peirce receives donated stock, the College's broker is engaged to sell the stock. BUSINESS RELATIONSHIPS FORM 990, PART VI, SECTION A, LINE 2 MARGARET SOFIO AND KATHERINE MCLUSKEY HAVE A BUSINESS RELATIONSHIP. FORM 990 REVIEW PROCESS FORM 990, PART VI, LINE 11B THE FORM 990 WAS PREPARED BY A NATIONALLY RENOWNED ACCOUNTING FIRM IN CONJUNCTION WITH THE ORGANIZATION'S FINANCIAL DEPARTMENT. THE FORM IS THEN SUBMITTED TO AN AUDIT, RISK & COMPLIANCE MANAGEMENT COMMITTEE OF THE BOARD FOR APPROVAL. A COPY OF THE DRAFT 990 IS THEN CIRCULATED TO THE FULL BOARD OF TRUSTEES FOR DISCUSSION AND COMMENT ON THE INFORMATION CONTAINED IN THE 990 PRIOR TO ITS FILING WITH THE INTERNAL REVENUE SERVICE. CONFLICT OF INTEREST POLICY MONITORING & ENFORCEMENT FORM 990, PART VI, LINE 12C THE COLLEGE REQUIRES EACH EMPLOYEE INCLUDING THE PRESIDENT/CEO AND OTHER KEY EMPLOYEES TO COMPLETE AND SIGN A WRITTEN CONFLICTS OF INTEREST STATEMENT THAT INCLUDES QUESTIONS THAT CAN DETERMINE IF THE EMPLOYEE HAS A RELATIONSHIP, FINANCIAL INTEREST OR BUSINESS AFFILIATION THAT RESULTS IN A CONFLICT OF INTEREST. THESE STATEMENTS ARE COMPLETED ANNUALLY BY THE EMPLOYEE AND AT ANY TIME AN EMPLOYEE BECOMES AWARE OF FACTS WHICH REQUIRE AN ADDITIONAL OR UPDATED DISCLOSURE. THESE STATEMENTS ARE RETURNED TO HUMAN RESOURCES FOR REVIEW AND IF NECESSARY FURTHER ACTION MAY BE REQUIRED. THE COLLEGE ALSO REQUIRES EACH TRUSTEE INCLUDING TRUSTEE OFFICERS TO COMPLETE AND SIGN A CONFLICT OF INTEREST QUESTIONNAIRE THAT CAN DETERMINE IF THE TRUSTEE HAS A RELATIONSHIP, FINANCIAL INTEREST OR BUSINESS AFFILIATION THAT RESULTS IN A CONFLICT OF INTEREST. THESE QUESTIONNAIRES ARE COMPLETED ANNUALLY BY EACH TRUSTEE AND RETURNED TO THE BOARD SECRETARY AND ARE REVIEWED BY THE OFFICE OF THE PRESIDENT AND IF NECESSARY FURTHER ACTION MAY BE REQUIRED. IF A CONFLICT OF INTEREST IS IDENTIFIED, THE FOLLOWING PROCEDURES ARE FOLLOWED: (A) AN INTERESTED PERSON MAY TAKE A PRESENTATION AT A BOARD OR COMMITTEE MEETING, BUT AFTER THE PRESENTATION, HE/SHE SHALL LEAVE THE MEETING DURING THE DISCUSSION OF, AND THE VOTE ON, THE BUSINESS RELATIONSHIP INVOLVING THE POSSIBLE CONFLICT OF INTEREST. (B) THE CHAIRPERSON OF THE BOARD OR COMMITTEE SHALL, IF APPROPRIATE, APPOINT A DISINTERESTED PERSON OR COMMITTEE TO INVESTIGATE ALTERNATIVES TO THAT PROPOSED BUSINESS RELATIONSHIP. (C) AFTER EXERCISING DUE DILIGENCE, THE BOARD OR COMMITTEE SHALL DETERMINE WHETHER THE COLLEGE CAN OBTAIN WITH REASONABLE EFFORTS A MORE ADVANTAGEOUS BUSINESS RELATIONSHIP FROM A PERSON OR ENTITY THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST. (D) IF A MORE ADVANTAGEOUS BUSINESS RELATIONSHIP IS NOT REASONABLY POSSIBLE UNDER CIRCUMSTANCES NOT PRODUCING A CONFLICT OF INTEREST, THE BOARD OR COMMITTEE SHALL DETERMINE BY A MAJORITY VOTE OF THE DISINTERESTED TRUSTEES WHETHER THE BUSINESS RELATIONSHIP IS IN THE COLLEGE'S BEST INTEREST, FOR ITS OWN BENEFIT, AND WHETHER IT IS FAIR AND REASONABLE. IN CONFORMITY WITH THE ABOVE DETERMINATION, IT SHALL MAKE ITS DECISION AS TO WHETHER TO ENTER INTO THE BUSINESS RELATIONSHIP. PROCESS FOR DETERMINING COMPENSATION FORM 990, PART VI, LINE 15A Mary Ellen Caro replaced James Mergiotti as President and CEO of Peirce College in April of 2018. The compensation established for Caro was determined as a result of a compensation study conducted in 2017 as part of the presidential search. Both this study conducted in 2017 for Caro and the study performed in 2014 for Mergiotti were comissioned by the Board of Trustees. The compensation data was compiled using information from other colleges and universities as a guide in determining reasonable compensation for the president position. PROCESS FOR DETERMINING COMPENSATION FORM 990, PART VI, LINE 15B THE COMPENSATION FOR THE KEY EMPLOYEES OF PEIRCE COLLEGE WAS DETERMINED BY LOCAL AND REGIONAL MARKET SURVEYS AND INFORMATION AND DATA FROM LOCAL AND REGIONAL PUBLICATIONS AND PAPERS. THIS INFORMATION, ALONG WITH INTERNAL EQUITY, DETERMINE THE BASIS HIRE-IN SALARY OF KEY EMPLOYEES. ANNUALLY, KEY EMPLOYEES ARE EVALUATED BY THE PRESIDENT USING A PERFORMANCE MANAGEMENT DOCUMENT (PMD) WHICH IS STANDARD REVIEW USED BY ALL MANAGERS THROUGHOUT THE COLLEGE. THIS PROCESS ALSO DETERMINES THE PERCENT OF MERIT INCREASES RECEIVED. THE MERIT INCREASE PERCENTAGES ARE DETERMINED AS PART OF THE BUDGET PROCESS AND THE LEVEL OF PERCENTAGE INCREASES GIVEN TO THE KEY EMPLOYEES IS BASED ON THE SCORING OUTCOME OF THEIR PMD. ONCE THE MERIT INCREASES FOR THE KEY EMPLOYEES ARE DETERMINED AND APPROVED BY THE PRESIDENT, THE BOARD OF TRUSTEES IS INFORMED OF THE INCREASES. HOW DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC FORM 990, PART VI, LINE 19 THE COLLEGE MAKES ITS FORM 990 AVAILABLE TO THE PUBLIC BY RESERVING A COPY AT ITS PLACE OF BUSINESS. THE FORM 990 IS LIKEWISE PUBLISHED ON THE INTERNET AT WWW.GUIDESTAR.ORG. THE ORGANIZATION'S GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE NOT ORDINARILY MADE AVAILABLE TO THE PUBLIC, BUT, IF REQUESTED, WILL BE PROVIDED AT MANAGEMENT DISCRETION. REIMBURSEMENT POLICY FORM 990, PART X DURING THE YEAR ENDED JUNE 30, 2011, THE COLLEGE ACCRUED AN AMOUNT RELATED TO A CONTINGENCY FOR A POTENTIAL REIMBURSEMENT DUE TO A COMMONWEALTH OF PENNSYLVANIA AGENCY. IN JUNE 2017, THE COLLEGE NEGOTIATED A REIMBURSEMENT AMOUNT AND MADE TWO PAYMENTS IN 2018. THE REMAINING LIABILITY WILL BE SETTLED THROUGH A CASH PAYMENT IN 2019 AND A REDUCTION OF GRANT MONIES THROUGH ACADEMIC YEAR 2021-2022.