2019-04-15T09:53:17-05:00 2018-05-31 390859910 BAKER TILLY VIRCHOW KRAUSE LLP 1650 MARKET STREET STE 4500 PHILADELPHIA PA 19103 990 2017-06-01 231352615 ALBRIGHT COLLEGE ALBR 6109217749 13TH BERN STREETS PO BOX 15234 READING PA 196125234 GREGORY L FULMER VP ADMIN & FINANCIAL SERVICES 6109217749 2019-04-12 1 JULIUS C GREEN CPA P00350393 2159720701 174.59.42.130 2019-04-12 08:36:52 ED P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 34CDD26EA689694F2AB7BB3383C669CD08D35215 2017 2019-02-21 02:37:17Z JACQUELYN S FETROW 13TH BERN STREETS PO BOX 15234 READING PA 196125234 103184173 0 X WWW.ALBRIGHT.EDU X 1928 PA PROMOTING A COMMITMENT TO LIFELONG LEARNING WITH A FOUNDATION IN THE LIBERAL ARTS. 28 27 1336 127 919378 -23892 5853568 3383443 92424686 85176132 3712212 2879668 2222376 2282552 104212842 93721795 45963942 44006029 0 0 28588946 27980821 0 0 1729873 26300593 24525686 100853481 96512536 3359361 -2790741 175434923 179209101 49567864 53954633 125867059 125254468 X OUR MISSION IS TO INSPIRE AND EDUCATE THE SCHOLAR AND LEADER IN EACH STUDENT, BUILDING ON A STRONG FOUNDATION IN THE LIBERAL ARTS AND A COMMITMENT TO THE BEST OF HUMAN VALUES, FOSTERING A COMMITMENT TO A LIFETIME OF SERVICE AND LEARNING. 0 0 83605342 44006029 85176132 FOUNDED IN 1856, ALBRIGHT COLLEGE OFFERS PROGRAMS FOR BOTH TRADITIONAL UNDERGRADUATE STUDENTS AND POST-TRADITIONAL ADULT LEARNERS. STUDENTS AT ALBRIGHT ARE ENCOURAGED TO CROSS INTELLECTUAL AND CULTURAL BOUNDARIES, AND TO TAILOR THEIR OWN PATHS WITHIN A VIBRANT, ACTIVE, AND DIVERSE CAMPUS COMMUNITY. A COMBINATION OF CLOSE FACULTY MENTORSHIP, A FLEXIBLE, ADAPTABLE CURRICULUM, AND REAL-WORLD LEARNING ALLOWS STUDENTS TO EXPLORE CREATIVE SOLUTIONS, UNDERSTAND THE WORLD'S INCREASING INTERCONNECTEDNESS, AND DISCOVER NEW IDEAS, NEW SKILLS, AND NEW OUTLOOKS. AT ITS CORE, ALBRIGHT IS A LIBERAL ARTS COLLEGE, DEVELOPING IN STUDENTS THE SKILLS THAT EMPLOYERS SEEK MOST - THE ABILITY TO ADAPT WELL TO CHANGE, COMMUNICATE EFFECTIVELY, THINK CRITICALLY AND ANALYTICALLY, INTERACT CONSTRUCTIVELY WITH OTHERS, AND VIEW PROBLEMS FROM MULTIPLE PERSPECTIVES. GRADUATES FIND THAT AN ALBRIGHT EDUCATION CULTIVATES AND HONES THE VERY TOOLS THEY NEED FOR A LIFETIME OF SUCCESS, NO MATTER WHAT ROAD THEY TRAVEL OR HOW MANY TURNS IT TAKES. OUR GRADUATES INDICATE VERY HIGH ENGAGEMENT AND PARTICIPATION WITH ACTIVITIES THAT THE GALLUP ORGANIZATION HAS ASSOCIATED WITH LONG-TERM SUCCESS.FOR 15 CONSECUTIVE YEARS, ALBRIGHT HAS BEEN NAMED ONE OF THE BEST SCHOOLS IN THE NORTHEAST BY THE PRINCETON REVIEW. ALBRIGHT HAS A DISTINGUISHED HISTORY OF LEADERSHIP IN UNDERGRADUATE SCIENCE EDUCATION, PREMEDICAL STUDY, AND PREPARATION FOR CAREERS IN HEALTH SERVICES, AND HAS BEEN RECOGNIZED AS ONE OF THE 25 BEST COLLEGES IN THE NATION FOR ARTISTIC STUDENTS. THE COLLEGE IS NAMED ONE OF THE NATION'S TOP PRIVATE FASHION DESIGN AND FASHION MERCHANDISING SCHOOLS, AND NOW OFFERS A NEW PROGRAM THAT ALLOWS ACADEMICALLY STRONG, MOTIVATED STUDENTS TO COMPLETE A FASHION MERCHANDISING DEGREE IN JUST THREE YEARS.OVER 51 PERCENT OF GRADUATES EXERCISED THE CREATIVE OPTIONS WITHIN ALBRIGHT'S FLEXIBLE CURRICULUM AND PURSUED AN INTERDISCIPLINARY MAJOR, A DOUBLE MAJOR OR MAJOR/MINOR COMBINATION. ON AVERAGE, OVER THE PAST THREE YEARS, OVER 85 PERCENT OF OUR GRADUATES WERE EITHER EMPLOYED OR CONTINUING THEIR EDUCATION WITHIN SIX MONTHS AFTER GRADUATION. ALBRIGHT'S HISTORICALLY STRONG PLACEMENT RATES INTO HEALTH PROFESSION SCHOOLS OF MEDICINE, DENTISTRY, VETERINARY, AND OPTOMETRY CONTINUE. ALBRIGHT'S SCHOOL OF PROFESSIONAL STUDIES OFFERS OPTIONS FOR POST-TRADITIONAL LEARNERS SEEKING ACCELERATED BACHELOR'S DEGREES AT VARIOUS LOCATIONS THROUGHOUT PENNSYLVANIA. THE SCHOOL OF PROFESSIONAL STUDIES ALSO OFFERS A MASTER'S DEGREE IN EDUCATION AND AN ONLINE ADDICTION STUDIES MINOR AND CERTIFICATE PROGRAM. THE ADDICTION STUDIES PROGRAM FULFILLS THE EDUCATIONAL REQUIREMENTS NEEDED TO BECOME CERTIFIED AS AN ALCOHOL AND DRUG COUNSELOR (CADC), OR ASSOCIATE ADDICTION COUNSELOR (AAC) BY THE PENNSYLVANIA CERTIFICATION BOARD.THIS PAST YEAR, APPROXIMATELY 1,660 FULL-TIME STUDENTS REPRESENTING 28 STATES AND 14 COUNTRIES WERE ENROLLED IN ALBRIGHT'S TRADITIONAL UNDERGRADUATE PROGRAM. APPROXIMATELY 357 POST-TRADITIONAL STUDENTS WERE ENROLLED IN COURSES OFFERED BY THE SCHOOL OF PROFESSIONAL STUDIES. 83605342 1 1 0 0 0 0 0 1 0 1 1 1 0 1 1 1 0 1 1 0 1 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 1 0 0 1 1 0 0 0 0 1 1 1 0 0 1 2018 0 1336 1 1 1 1 GK CS 0 0 0 1 1 0 0 0 0 X 28 27 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 PA X RICK MELCHER ASSOC VPCONTROLLER 6109217749 13TH BERN STREETS PO BOX 15234 READING PA 196125234 JEFFREY J JOYCE CHAIRMAN 1.00 X X 0 0 0 KATHLEEN C HITTNER MD VICE CHAIRMAN 1.00 X X 0 0 0 ROSS D MILLER ESQ SECRETARY 1.00 X X 0 0 0 TIFFENIA D ARCHIE TRUSTEE 1.00 X 0 0 0 TERRENCE R CURTIN TRUSTEE 1.00 X 0 0 0 NANETTE F CUTRONA TRUSTEE 1.00 X 0 0 0 DWIGHT DAVIS TRUSTEE 1.00 X 0 0 0 RICHARD A EHST TRUSTEE 1.00 X 0 0 0 EDWIN B ERICKSON PHD TRUSTEE (THRU 10/17) 1.00 X 0 0 0 JACQUELYN S FETROW PHD PRESIDENT (AS OF 6/17) 39.75 0.25 X X 192273 0 40376 ROBERT M FORD TRUSTEE 1.00 X 0 0 0 MARK T GALLAGHER ESQ TRUSTEE 1.00 X 0 0 0 KATHLEEN J GRANT MD TRUSTEE 1.00 X 0 0 0 JEFFREY W GRIFFITHS TRUSTEE 1.00 X 0 0 0 JOSEPHINE A GRUBER TRUSTEE 1.00 X 0 0 0 DANIEL B HUYETT ESQ TRUSTEE 1.00 X 0 0 0 ROBIN M HYNICKA TRUSTEE 1.00 X 0 0 0 SCOTT KEATON CPA TRUSTEE 1.00 X 0 0 0 KENNETH S LAKIN TRUSTEE 1.00 X 0 0 0 MICHAEL D LISS CPA TRUSTEE 1.00 X 0 0 0 LORINA L MARSHALL-BLAKE TRUSTEE (THRU 4/18) 1.00 X 0 0 0 JOHN P MCALLISTER TRUSTEE 1.00 X 0 0 0 LEX O MCMILLAN III PHD PRESIDENT (THRU 5/17) 39.50 0.50 X X 288888 0 68100 WC JACK MILLER TRUSTEE 1.00 X 0 0 0 DAVID A MINK TRUSTEE 1.00 X 0 0 0 SHARON P MINNICH TRUSTEE 1.00 X 0 0 0 CHARLES J PHILLIPS ESQ TRUSTEE 1.00 X 0 0 0 JEFFREY T RIGG CPA TRUSTEE (THRU 5/18) 1.00 X 0 0 0 JEANETTE C ROBERTS PHD TRUSTEE 1.00 X 0 0 0 RONALD SCHEESE TRUSTEE 1.00 X 0 0 0 JORGE J SCHEIRER MD TRUSTEE 1.00 X 0 0 0 JOHN SCHULTZ ESQ TRUSTEE 1.00 X 0 0 0 SHERRY K SIDHU TRUSTEE 1.00 X 0 0 0 CHRISTY AGNESE INTERIM VP, ADVANC. (AS OF 12/17) 40.00 X 56917 0 12937 PAUL CRAMER VP - ENROLLMENT & ADM. 40.00 X 149084 0 66109 GINA-LYN CRANCE VP - STUDENT AFFAIRS (THRU 11/17) 40.00 X 121478 0 26063 GREGORY FULMER VP-ADMIN & FINANCE 35.00 5.00 X 163491 0 33200 DEBORAH M MCCREERY VP FOR ADVANCEMENT (THRU 11/17) 40.00 X 174725 0 21803 MARY MCGEE PROVOST/VP ACAD. AFF. 40.00 X 190240 0 18344 RASHMI RADHAKRISHNAN VP - DIG. STRAT. & INFRASTRUCTURE 40.00 X 127285 0 12789 JENNIFER STOUDT ACTING VP FOR COMM. (AS OF 12/17) 40.00 X 61428 0 13496 SAMANTHA WESNER VP-STUD. & CAMP. LIFE (AS OF 12/17) 40.00 X 76484 0 15145 GERTRUDE EGUAE-OBAZEE PROF. OF ACCOUNTING 40.00 X 113213 0 9547 DANIEL J FALABELLA PROF. OF COMPUTER SCIENCE 40.00 X 127870 0 16689 BRENDA INGRAM-WALLACE ASSOC. PROF. OF PSYCH. 40.00 X 104757 0 18340 JOSEPH THOMAS ASSOC. PROVOST/DEAN FOR ACAD. AFF. 40.00 X 105837 0 20997 RODNEY WARFIELD PROF. OF EDUCATION 40.00 X 129300 0 17144 2183270 0 411079 17 0 1 0 ARAMARK CORPORATION 131 S DEARBORN 6TH FL CHICAGO IL 60603 FOOD SVC PROVIDER 4668190 EAB GLOBAL INC PO BOX 603519 CHARLOTTE NC 282603519 RECRUITING SERVICE 513857 INTEGRAONE 7248 TILGHMAN STREET ALLENTOWN PA 18106 IT SERVICES 513242 WARKO ROOFING CO INC 18 MORGAN DRIVE READING PA 19608 CONSTRUCTION SVCS 473357 TYCO FIRE & SECURITY MANAGEMENT INC DEPT CH 10320 PALATINE IL 600550320 FIRE AND SAFETY 317138 19 141940 1206433 2035070 141322 3383443 TUITION AND FEES 611710 73162721 73162721 AUX ENT - ROOM AND BOARD 721310 11569900 11569900 AUX ENT - OTHER PROGRAM INCOME 900099 443511 443511 85176132 1592251 -57783 1650034 487395 487395 284407 97256 187151 187151 57556 129595 10319287 322046 9324746 29170 994541 292876 1287417 1287417 84305 141940 11206 73099 73099 CONFERENCES 812900 507120 507120 ATHLETICS AND AQUATICS PROG 900099 277042 12218 264824 FOOD SERVICE 900099 92147 92147 658598 45755 147661 465182 1534907 93721795 85234105 919378 4184869 44006029 44006029 2069610 726613 1085787 257210 19601154 14269981 4591831 739342 1451290 1079624 323511 48155 3311040 2374835 790656 145549 1547727 1080357 397677 69693 138815 138815 88675 88675 163456 163456 1524715 448496 937715 138504 348889 289734 59155 818550 495371 264222 58957 532445 284779 247666 981 981 3306012 3228129 64290 13593 552002 445479 74514 32009 45614 33026 12588 963221 895892 55578 11751 6257623 5820215 361065 76343 811996 763281 40213 8502 FOOD SERVICES 3207320 3207320 EMPL./STUDENT EXPENSES 1257320 610003 629001 18316 RECRUITMENT 690500 690500 BOOKS, PERIODICALS, ETC 452710 450867 1469 374 3364842 2403830 849437 111575 96512536 83605342 11177321 1729873 134986 72260 9360164 7143406 3983478 2964369 684194 779149 7234233 8259661 160987 147166 1226609 1929527 172509939 89756534 82356190 82753405 46137373 48205793 11869202 10891607 12287507 16062758 175434923 179209101 5957320 6563476 2574390 2614377 2315408 1916556 32819602 38493934 5901144 4366290 49567864 53954633 X 54300953 52394862 32608442 33093678 38957664 39765928 125867059 125254468 175434923 179209101 X -2790741 2277900 -99750 X 0 1 X 1 1 1 X 7024003 8232006 7297997 5853568 3383443 31791017 7024003 8232006 7297997 5853568 3383443 31791017 3688436 28102581 1910146 1884062 1941118 1985494 2312419 10033239 1945 368357 427584 479836 557329 1835051 43659307 427881515 0.64370 0.67220 X X X X X 0 56513049 355679 3643251 1442151 1524599 57545229 51950077 923444 6127416 1204612 1178214 105062 56513049 55034823 731297 -1180385 1339241 1169624 126793 51950077 53742553 911615 2538645 1008750 1015818 133422 55034823 48207071 277545 7275296 941550 939108 136701 53742553 0.20700 0.48200 0.31100 1 0 4814508 4814508 118211399 53996931 64214468 265671 148733 116938 38958233 27442992 11515241 10260128 8167878 2092250 82753405 OFFSHORE HEDGE FUND 1186569 F DOMESTIC HEDGE FUNDS 9666086 F CENTRAL AMERICA INVESTMENT 38952 F 10891607 ASSETS HELD IN TRUST BY OTHERS 11997568 OTHER RECEIVABLES 482072 DUE FROM NTSI 2697 OTHER ASSETS 67229 DUE FROM ALBRIGHT COLLEGE COSTA RICA 127697 DEPOSITS HELD BY BOND TRUSTEES 3385495 16062758 EARLY RETIREMENT 286642 POST RETIREMENT HEALTHCARE BENEFITS 102002 CHARITABLE GIFT ANNUITY CONTRACT LIAB 1129964 STUDENT DEPOSITS AND ADVANCE PAYMENTS 2302902 DEPOSITS HELD FOR OTHERS 480095 PA ALTERNATIVE/CLEAN ENERGY PROGRAM 64685 4366290 X 51004109 2277900 87090 -44427322 -42062332 93066441 655354 655354 93721795 51658898 87090 147963 235053 51423845 45088691 45088691 96512536 PART III, LINE 1A: THE COLLEGE DOES NOT ASSIGN VALUES TO COLLECTION ITEMS. COLLECTION ITEMS ARE GENERALLY HELD FOR EDUCATIONAL PURPOSES AND ARE NOT DISPOSED OF FOR FINANCIAL GAIN OR OTHERWISE ENCUMBERED IN ANY MANNER. PART III, LINE 4: ALBRIGHT COLLEGE MAINTAINS A DIVERSE COLLECTION OF TWO AND THREE DIMENSIONAL WORKS OF ART ACROSS THE CAMPUS. THE MAJORITY OF THE WORKS OF ART ARE ORIGINAL PRINTS AND PHOTOGRAPHS FROM THE 1960S UP TO THE 1990S, WITH AN EMPHASIS ON WORKS BY AMERICAN ARTISTS. ALL WORKS OF ART ARE AVAILABLE FOR STUDY AND RESEARCH BY STUDENTS, FACULTY, STAFF, AND THE GENERAL PUBLIC. EXHIBITIONS AND EDUCATIONAL PROGRAMS ARE DEVELOPED AROUND VARIOUS ASPECTS OF THE WORKS OF ART FOR THE CAMPUS AND THE GENERAL PUBLIC. SOME EDUCATIONAL PROGRAMS ARE DEVELOPED SPECIFICALLY FOR K-12 SCHOOL GROUPS AND ADULTS FROM THE REGION IN THE FREEDMAN GALLERY, WHILE OTHER PROGRAMS AND WORKS OF ART ARE TAKEN DIRECTLY TO OFFSITE EDUCATIONAL INSTITUTIONS. WORKS OF ART ARE FREQUENTLY TAKEN INTO CLASSES FOR LECTURES AND TRAINING PURPOSES. MANY OF THE WORKS OF ART ARE AVAILABLE FOR USE BY OTHER EDUCATIONAL INSTITUTIONS. ALL WORKS OF ART ARE HANDLED BY SPECIFICALLY TRAINED STAFF AND STUDENTS. PART V, LINE 4: THE ENDOWMENT FUNDS ARE INTENDED TO BE USED TO SUPPORT STUDENT FINANCIAL AID, INSTRUCTION AND OTHER COLLEGE OPERATIONS. PART X, LINE 2: THE COLLEGE FOLLOWS THE FASB GUIDANCE RELATED TO ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. THE GUIDANCE CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN AN ENTITY'S FINANCIAL STATEMENTS AND PRESCRIBES A RECOGNITION THRESHOLD OF MORE-LIKELY-THAN-NOT TO BE SUSTAINED UPON EXAMINATION BY THE APPROPRIATE TAXING AUTHORITY. MEASUREMENT OF THE TAX UNCERTAINTY OCCURS IF THE RECOGNITION THRESHOLD HAS BEEN MET. THE GUIDANCE ALSO PROVIDES GUIDANCE ON DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, ACCOUNTING IN INTERIM PERIODS, AND DISCLOSURE. MANAGEMENT HAS DETERMINED THAT THERE ARE NO SIGNIFICANT UNCERTAIN TAX POSITIONS MEETING THE RECOGNITION CRITERIA IN 2018 AND 2017. THE COLLEGE'S POLICY IS TO RECOGNIZE INTEREST RELATED TO UNRECOGNIZED TAX BENEFITS IN INTEREST EXPENSE AND PENALTIES IN OPERATING EXPENSES. PART XI, LINE 2D - OTHER ADJUSTMENTS: STUDENT AID -44,006,029. TUITION DISCOUNT -155,390. GAIN ON INTEREST RATE SWAPS 51,345. INVESTMENT EXPENSES -163,456. CHANGE IN VALUE OF ANNUITY CONTRACT AGREEMENTS -153,792. PART XI, LINE 4B - OTHER ADJUSTMENTS: RENTAL EXPENSES -97,256. FUNDRAISING EVENT EXPENSES -11,206. PROGRAM EXPENSES NETTED AGAINST REVENUE 763,816. PART XII, LINE 2D - OTHER ADJUSTMENTS: EXPENSES ATTRIBUTABLE TO THE COSTA RICA CORPORATION 38,952. TOTAL EXPENSE OF SUBSIDIARY (NTSI) 549. RENTAL EXPENSES 97,256. FUNDRAISING EVENT EXPENSE 11,206. PART XII, LINE 4B - OTHER ADJUSTMENTS: STUDENT AID 44,006,029. TUITION DISCOUNT 155,390. PROGRAM EXPENSES NETTED AGAINST REVENUE 763,816. INVESTMENT EXPENSES 163,456. 0 1 0 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 ALBRIGHT COLLEGE HAS SATISFIED THE PUBLICITY REQUIREMENT OF IRS REVENUE PROCEDURE 75-50, 1975-2 C.B. 587 SECTION 4.03 BY COMPLYING WITH SECTION 4.02. THE COLLEGE DRAWS A SUBSTANTIAL PERCENTAGE OF ITS STUDENTS NATIONWIDE AND FROM A LARGE GEOGRAPHIC AREA AND ENROLLS MINORITY STUDENTS IN MEANINGFUL NUMBERS, AND, THEREFORE, MEETS THE CONDITION IN SECTION 4.03 - 2(B). THE COLLEGE'S NONDISCRIMINATORY POLICY IS CONTAINED IN ITS SOLICITATION LITERATURE. SCHEDULE E, PART I, LINE 6 ALBRIGHT COLLEGE PARTICIPATES IN STUDENT FINANCIAL AID ASSISTANCE PROGRAMS OF VARIOUS FEDERAL AND STATE GOVERNMENTAL AGENCIES. FEDERAL PROGRAMS INCLUDE THE PELL GRANT PROGRAM, SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANT (SEOG) PROGRAM, FEDERAL WORK STUDY (FWS) PROGRAM, AND THE PERKINS LOAN PROGRAM. STATE PROGRAMS FOR STUDENTS INCLUDE THE PENNSYLVANIA HIGHER EDUCATION ASSISTANCE AGENCY'S (PHEAA) GRANT PROGRAM AND THE PHEAA'S MATCHING FUNDS PROGRAMS WHICH SUPPLEMENT THE FWS PROGRAM. IN ADDITION, THE COLLEGE IS AWARDED SPONSORED RESEARCH AND OTHER PROJECT GRANTS BY VARIOUS LOCAL, STATE, AND FEDERAL AGENCIES, INCLUDING THE NATIONAL SCIENCE FOUNDATION (NSF) AND NATIONAL INSTITUTES OF HEALTH (NIH). GENERAL SUPPORT IS PROVIDED TO ALBRIGHT COLLEGE BY THE COMMONWEALTH OF PENNSYLVANIA UNDER ITS INSTITUTIONAL ASSISTANCE GRANT (IAG) PROGRAM TO PRIVATE COLLEGES AND UNIVERSITIES IN THE STATE. CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 INVESTMENTS 38952 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 INVESTMENTS 1186569 0 0 0 0 0 0 1225521 0 1225521 0 0 1 1 1 0 SCHEDULE F, PART IV, LINE 5 THE ORGANIZATION HAS INVESTMENTS IN FOREIGN PARTNERSHIPS AND CORPORATIONS BUT ITS PERCENTAGE OF OWNERSHIP DOES NOT EXCEED THE THRESHOLD FOR THE FILING OF FORMS 8865 OR 5471. THE ORGANIZATION HAS INDIRECT INVESTMENTS IN PFICS BUT DOES NOT HAVE A REQUIREMENT TO FILE FORM 8621. RED & WHITE GOLF 226245 141940 84305 2862 8344 226245 141940 84305 2862 8344 11206 73099 1 TRUSTEE GRANTS 1292 20240086 N/A PRESIDENTIAL SCHOLARSHIP / DEAN 667 14436514 N/A JACOB ALBRIGHT SCHOLARSHIP 56 1489500 N/A EUGENE SHIRK SCHOLARSHIP 63 1334500 N/A ENDOWED SCHOLARSHIPS 182 1925393 N/A SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANTS 100 328402 N/A OTHER SCHOLARSHIPS, GRANTS AND AWARDS 405 3420627 N/A FOREIGN STUDENT SCHOLARSHIPS 18 369470 N/A TALENT AWARDS 31 116500 N/A FACULTY SCHOLARSHIP 17 64000 N/A ACADEMIC TALENT GRANT 32 112000 N/A ENROLLED SIBLING GRANT 11 5000 N/A COMMUNITY COLLEGE ACHIEVEMENT SCHOLARSHIP 135 164037 N/A PART I, LINE 2: THE COLLEGE MAKES GRANTS TO STUDENTS BASED UPON FINANCIAL NEED AND ACADEMIC EXCELLENCE. THE SELECTION OF GRANT RECIPIENTS IS MADE BASED UPON OBJECTIVE CRITERIA. NO ONE IS DISCRIMINATED AGAINST BASED UPON RACE, RELIGION, GENDER, ETHNIC BACKGROUND, AGE, HANDICAP OR ANY OTHER REASON. THE FINANCIAL AID DEPARTMENT ASSESSES AND MONITORS THE ELIGIBILITY AND AWARDING OF GRANTS AND SCHOLARSHIPS TO STUDENTS. IT IS ASSISTED IN ITS ON-GOING REVIEW BY THE RESOURCES OF THE REGISTRAR AND STUDENT ACCOUNTS DEPARTMENTS. X X X 1 1 X X X 0 1 0 0 0 0 0 1 0 JACQUELYN S FETROW PHD PRESIDENT (AS OF 6/17) 191843 0 0 0 430 0 19542 0 20834 0 232649 0 0 0 LEX O MCMILLAN III PHD PRESIDENT (THRU 5/17) 140389 0 49500 0 98999 0 46750 0 21350 0 356988 0 70562 0 PAUL CRAMER VP - ENROLLMENT & ADM. 148394 0 0 0 690 0 15513 0 50596 0 215193 0 0 0 GREGORY FULMER VP-ADMIN & FINANCE 163191 0 0 0 300 0 17104 0 16096 0 196691 0 0 0 DEBORAH M MCCREERY VP FOR ADVANCEMENT (THRU 11/17) 159732 0 0 0 14993 0 15192 0 6611 0 196528 0 0 0 MARY MCGEE PROVOST/VP ACAD. AFF. 188260 0 0 0 1980 0 11099 0 7245 0 208584 0 0 0 PART I, LINE 1A HOUSING ALLOWANCE OR RESIDENCE FOR PERSONAL USE: A COLLEGE-OWNED HOUSE IS PROVIDED AS A RESIDENCE FOR THE PRESIDENT AND FAMILY. THE COLLEGE-OWNED HOUSING IS NOT TREATED AS A TAXABLE BENEFIT TO THE PRESIDENT SINCE IT MEETS THE DEFINITION OF 'QUALIFIED CAMPUS LODGING' UNDER INTERNAL REVENUE CODE SECTION 119(D). HEALTH OR SOCIAL CLUB DUES OR INITIATION FEES: THE PRIOR PRESIDENT WAS PROVIDED MEMBERSHIP TO A LOCAL COUNTRY CLUB TO FACILITATE THE CONDUCT OF COLLEGE BUSINESS AND CONSEQUENTLY IT IS NOT TREATED AS A TAXABLE BENEFIT. THE CURRENT PRESIDENT HAS NOT BEEN PROVIDED WITH THIS BENEFIT. TRAVEL FOR COMPANIONS: TRAVEL WAS PROVIDED FOR THE PRESIDENT'S SPOUSE WHEN SUCH TRAVEL WAS NECESSARY FOR THE FURTHERANCE OF THE WORK OF THE COLLEGE. THE TRAVEL IS CONSIDERED NECESSARY FOR THE PRESIDENT'S POSITION AND IS THEREFORE NOT TREATED AS TAXABLE COMPENSATION. PART I, LINE 4B LEX MCMILLAN, PRESIDENT THRU MAY 2017, PARTICIPATED IN A 457(F) DEFERRED COMPENSATION PLAN. THE COLLEGE CONTRIBUTED $33,000 TO THE PLAN DURING THE CALENDAR YEAR. THERE WERE ALSO $70,562 IN DISTRIBUTIONS FROM THE PLAN DURING THE CALENDAR YEAR. PART I, LINE 7 LEX MCMILLIAN, PRESIDENT THRU MAY 2017, PARTICIPATED IN AN ANNUAL VARIABLE COMPENSATION PROGRAM ("ANNUAL VCP"). THE ANNUAL VCP PAYMENT WAS CAPPED AT 15% OF BASE SALARY AND WAS CONTINGENT ON THE ACHIEVEMENT OF ATTAINABLE BUSINESS PERFORMANCE OBJECTIVES ESTABLISHED BY THE COLLEGE'S COMPENSATION COMMITTEE. THE AMOUNT IS DETERMINED BY THE COMMITTEE THROUGH AN ANNUAL REVIEW PROCESS BASED ON THE EMPLOYEE'S PERFORMANCE, INDEPENDENT MARKET DATA, THE COMMITTEE'S COMPENSATION PHILOSOPHY AND OTHER FACTORS WHICH THE COMMITTEE MAY DEEM RELEVANT. A THE BERKS COUNTY MUNICIPAL AUTHORITY 236647630 2017-07-03 10000000 ACQUIRE PROPERTY & REFUND ISSUE - 9/2/14 0 0 0 B THE BERKS COUNTY MUNICIPAL AUTHORITY 236647630 2017-08-01 10000000 REFUND PRIOR ISSUE - 12/30/2013 0 0 0 C THE BERKS COUNTY MUNICIPAL AUTHORITY 236647630 2017-08-01 10000000 REFUND PRIOR ISSUE - 12/30/2013 0 0 0 D THE BERKS COUNTY MUNICIPAL AUTHORITY 236647630 2017-08-01 5500000 REFUND PRIOR ISSUE - 12/30/2013 0 0 0 A 10000000 176524 2484452 7339024 2017 1 0 1 1 B 10000000 10000000 2010 1 0 1 1 C 10000000 10000000 2010 1 0 1 1 D 5500000 5500000 2010 1 0 1 1 A 0 0 1 1 0 0.00800 0.00000 0.00800 0 0 1 B 0 0 1 1 0 0.00600 0.00000 0.00600 0 0 1 C 0 0 1 1 0 0.00600 0.00000 0.00600 0 0 1 D 0 0 1 1 0 0.00600 0.00000 0.00600 0 0 1 A 0 0 1 1 1 0 0 0 1 B 0 0 1 1 1 0 0 0 1 C 0 0 1 1 1 0 0 0 1 D 0 0 1 1 1 0 0 0 1 A 1 B 1 C 1 D 1 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: THE BERKS COUNTY MUNICIPAL AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 01/03/2018 ISSUER NAME: THE BERKS COUNTY MUNICIPAL AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 02/01/2018 ISSUER NAME: THE BERKS COUNTY MUNICIPAL AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 02/01/2018 ISSUER NAME: THE BERKS COUNTY MUNICIPAL AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 02/01/2018 SCHEDULE K, PART IV, LINES 2A-2C: NOTE REGARDING THE REBATE COMPUTATIONS ON 1/3/2018 AND 2/1/2018, SINCE THE BOND PROCEEDS HAVE BEEN SPENT, A SPENDING EXCEPTION WAS MET, AND THE DEBT SERVICE FUND WAS OPERATED ON A BONA FIDE BASIS. NO FURTHER REBATE CALCULATIONS ARE NECESSARY. SCHEDULE K, PART II, LINE 3: THE TOTAL PROCEEDS DO NOT AGREE TO THE ISSUE PRICE IN PART I, COLUMN(E) DUE TO INVESTMENT EARNINGS. A WERNERSVILLE MUNICIPAL AUTHORITY 231627474 2017-12-20 3430000 ACQUIRE PROPERTY & REFUND ISSUE 0 0 0 A 3439214 53722 3385492 0 0 0 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 1 0 0 1 0 0 0 1 A 1 PER IRS INSTRUCTIONS NAMES ARE NOT PER IRS INSTRUCTIONS, INTERESTED PERSONS ARE NOT INDIVIDUALLY NAMED. 35000 TUITION EXCHANGE EMPLOYEE BENEFIT JOHN WEIDENHAMMER FORMER BOARD TRUSTEE AND OWNER OF WEIDENHAMMER SYSTEMS 112320 MR. WEIDENHAMMER IS OWNER OF WEIDENHAMMER SYSTEMS. THE ENTITY PROVIDES INFORMATION TECHNOLOGY SERVICES TO THE COLLEGE. ALL TRANSACTIONS ARE AT ARM'S LENGTH. 0 SEE SUPPLEMENTAL FOR LISTING OF INTERESTED PERSONS OWNERSHIP OF FOA LLC INCLUDES PRESENT/FORMER BOARD OF TRUSTEE MEMBERS 274905 FRIENDS OF ALBRIGHT (FOA) LLC, HOLDS OWNERSHIP OF AN ON-CAMPUS BUILDING, WHICH THE COLLEGE RENTS. ALL TRANSACTIONS ARE AT ARM'S LENGTH. 0 FORM 990, SCHEDULE L, PART IV: FORMER TRUSTEES: JOHN BAILEY JOHN D. SCHOLL JOHN P. WEIDENHAMMER CHRIST G. KRARAS JOHN K. ROESSNER III X 5 122767 NYSE X SCIENTIFIC COLLECTION OF BUTTERFLIES 1 18355 APPRAISAL X TREADMILL 1 200 COST X AUCTION ITEMS 8 0 VALUES NOT PROVIDED 1 0 1 0 PART I, COLUMN (B): THE NUMBER OF CONTRIBUTORS IS REPORTED FOR ALL GIFTS. FORM 990, PART VI, SECTION A, LINE 3 THE COLLEGE ENGAGES ARAMARK CORPORATION TO PROVIDE FOOD SERVICES FOR THE COLLEGE COMMUNITY. ARAMARK IS ALSO ENGAGED TO PROVIDE FACILITY MANAGEMENT ON THE COLLEGE CAMPUS. BARNES AND NOBLE COLLEGE BOOKSTORE, LLC OPERATES AND PROVIDES SERVICES FOR THE COLLEGE'S BOOKSTORE. BRIGHT HORIZONS FAMILY SOLUTIONS OPERATES THE ALBRIGHT EARLY LEARNING CENTER. FORM 990, PART VI, SECTION B, LINE 11B THE INITIAL REVIEW IS PERFORMED BY THE COLLEGE'S FINANCE DEPARTMENT. ONCE MANAGEMENT IS SATISFIED, THE FORM 990 IS DISTRIBUTED TO THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES FOR REVIEW. FOLLOWING THAT REVIEW, A COMPLETE COPY OF THE RETURN IS POSTED ON THE BOARD OF TRUSTEES' INTRANET SITE FOR THE FULL BOARD'S ACCESS PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C ARTICLE XI, CONFLICT OF INTEREST OF THE BOARD OF TRUSTEES' BYLAWS REQUIRES ALL OF THE COLLEGE'S TRUSTEES AND OFFICERS TO SIGN A "CONFLICT OF INTEREST DISCLOSURE STATEMENT" ANNUALLY ACKNOWLEDGING HIS OR HER AFFIRMATIVE DUTY TO DISCLOSE CONFLICTS OF INTEREST, AND/OR POTENTIAL CONFLICTS OF INTEREST. THE BOARD OF TRUSTEES' TRUSTEESHIP AND GOVERNANCE COMMITTEE ROUTINELY REVIEWS AND DISCUSSES POTENTIAL CONFLICTS OF INTEREST AND THE ANNUAL STATEMENTS. THE COLLEGE WILL NOT TRANSACT BUSINESS WITH ANY ENTITY IN WHICH A TRUSTEE AND/OR OFFICER HAS AN INTEREST UNLESS SUCH INTEREST IS APPROPRIATELY DISCLOSED; THE INTERESTED TRUSTEE/OFFICER ABSTAINS FROM DELIBERATION OR VOTING ON THE MATTER; AND THE ACTION OR TRANSACTION IS DOCUMENTED CLEARLY IN THE BEST INTEREST OF THE COLLEGE. THE POLICY EXPLICITLY ADDRESSES THE RESPONSIBILITY TO DISCLOSE CONFLICTS OF INTEREST ASSOCIATED WITH FAMILY MEMBERS AND BUSINESSES. FORM 990, PART VI, SECTION B, LINE 15 THE PRESIDENT IS THE COLLEGE'S CHIEF EXECUTIVE OFFICER. ARTICLE V OF THE BOARD OF TRUSTEES' BYLAWS REQUIRES THAT THE PRESIDENT, IN CONJUNCTION WITH THE COMPENSATION COMMITTEE, DEVELOP ANNUAL PERFORMANCE OBJECTIVES FOR APPROVAL BY THE FULL BOARD. IT FURTHER REQUIRES THAT THE COMPENSATION COMMITTEE DETERMINE THE PRESIDENT'S COMPENSATION BASED ON THE ANNUAL PERFORMANCE ASSESSMENT AND REPORT SUCH FOR APPROVAL BY THE BOARD OF TRUSTEES. THE COMPENSATION OF OTHER OFFICERS (VICE-PRESIDENTS) AND ANNUAL PERFORMANCE ASSESSMENTS ARE THE RESPONSIBILITY OF THE PRESIDENT. ON AN ANNUAL BASIS, THE COLLEGE USES THE SERVICES OF A CONSULTANT WITH EXPERTISE IN NOT-FOR-PROFIT EXECUTIVE COMPENSATION TO REVIEW EXECUTIVE COMPENSATION LEVELS THROUGH PARTICIPATION IN THEIR EXECUTIVE COMPENSATION SURVEY FOR COLLEGES AND UNIVERSITIES. THESE SURVEYS GIVE COMPARATIVE DATA, INCLUDING SALARIES FOR EXECUTIVE LEVEL OFFICIALS (PRESIDENT AND VICE-PRESIDENTS), TO ENSURE THAT COMPENSATION DOES NOT EXCEED FAIR MARKET VALUE. THE PRESIDENT, IN CONCERT WITH THE DIRECTOR OF HUMAN RESOURCES, IS RESPONSIBLE FOR REVIEWING AND ESTABLISHING ONGOING SALARY LEVELS FOR THE RESPECTIVE VICE-PRESIDENTS. MINUTES ARE KEPT OF ALL BOARD OF TRUSTEE MEETINGS AND COMMITTEE MEETINGS, INCLUDING THE COMPENSATION COMMITTEE. WITH REGARD TO VICE-PRESIDENTS, PERFORMANCE ASSESSMENTS AND EVALUATIONS ARE DOCUMENTED IN THEIR RESPECTIVE PERSONNEL FILES. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF INTEREST RATE SWAPS 51,345. CHANGE IN VALUE OF ANNUITY CONTRACT AGREEMENTS -153,792. ADJUSTMENT TO NET ASSETS 2,697. NORTH THIRTEENTH STREET INC 13TH BERN STREETS PO BOX 14988 READING PA 196124988 232362385 REAL ESTATE RENTAL PA ALBRIGHT COLLEGE C 1.00000 1 ALBRIGHT COLLEGE COSTA RICA SA EL PATIO BUILDING 3RD FLOOR SAN JOSE CS LAND INVESTMENT CS ALBRIGHT COLLEGE C 38951 1.00000 1 1 0 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 0 NORTH THIRTEENTH STREET INC K COST NORTH THIRTEENTH STREET INC Q COST NORTH THIRTEENTH STREET INC A COST