2019-05-13T09:57:45-07:00 2018-06-30 990 2017-07-01 231352661 MESSIAH COLLEGE MESS 7177662511 One College Ave Suite 3010 Mechanicsburg PA 17055 DAVID WALKER VP FOR FINANCE/PLANNING 7177662511 2019-05-10 153.42.56.204 2017 2019-02-21 02:37:17Z Kim S Phipps One College Ave Suite 3010 Mechanicsburg PA 17055 240788785 0 X http://www.messiah.edu X 1909 PA Messiah College is a Christian college of the liberal and applied arts and sciences, offering undergraduate and graduate level programs. 30 27 3397 200 87134 0 6398511 13625733 119381260 123543081 16351621 12853236 948322 914548 143079714 150936598 38958899 40961047 0 0 60066690 62416563 0 0 2030804 37999134 39887925 137024723 143265535 6054991 7671063 330090324 339936919 86372370 90209996 243717954 249726923 The mission of Messiah College is to educate men and women toward maturity of intellect, character, and Christian faith in preparation for lives of service, leadership, and reconciliation in church and society. 0 0 126214743 38958899 123439204 Messiah College is a nationally ranked, private Christian college of liberal and applied arts and sciences. Messiah College provides residential undergraduate and online and nonresidential graduate education to approximately 3,200 students. The College also conducts research on critical education issues, is involved in community service outreach programs, service missions and cross-cultural experiences. 0 0 0 126214743 1 1 0 0 0 0 0 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 1 1 0 1 1 1 1 0 0 0 1 1 1 0 0 1 229 0 3397 1 1 1 0 0 0 0 1 1 1 1 0 0 0 X 30 27 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 FL PA VA X X DAVID S WALKER CPA 7177662511 One College Ave Suite 3010 Mechanicsburg PA 17055 George A Parmer Chair, Board of Trustees 2 0 X X 0 0 0 Craig E Sider Vice Chair, Board of Trustees 2 0 X X 0 0 0 Heidi G Bingaman Secretary 2 0 X X 0 0 0 Rim A Hinckley Treasurer, Board of Trustees 2 0 X X 0 0 0 Barbara A Avery Trustee 2 2 X 0 0 0 Larry Bashore Trustee 2 0 X 0 0 0 Wendy L Cole Trustee 2 0 X 0 0 0 Linda D Eremita Trustee 2 0 X 0 0 0 Richard L Godshall Trustee 2 0 X 0 0 0 Anthony Hahn Trustee 2 0 X 0 0 0 Scott A Heintzelman Trustee 2 0 X 0 0 0 Joachim J Huerter Trustee 2 0 X 0 0 0 Linden K Hustedt Trustee 2 0 X 0 0 0 Richard E Jordan II Trustee 2 0 X 0 0 0 J Gary Langmuir Trustee 2 0 X 0 0 0 Emerson L Lesher Trustee 2 0 X 0 0 0 James A Martin Trustee 2 0 X 0 0 0 Kenneth V Moreland Trustee 2 0 X 0 0 0 Barabara G Moses Trustee 2 0 X 0 0 0 Rodney L Musser Trustee 2 0 X 0 0 0 Edward Nevin Trustee 2 0 X 0 0 0 Linda R Pheasant Trustee 2 0 X 0 0 0 Marlin Riegsecker Trustee 2 0 X 0 0 0 Alan Robinson Trustee 2 0 X 0 0 0 Anthony J Schiano Trustee 2 0 X 0 0 0 Eunice F Steinbrecher Trustee 2 0 X 0 0 0 Kimberly C Thornbury Trustee 2 0 X 0 0 0 John C Wagner Jr Trustee 2 0 X 0 0 0 Jerry L Wenger Trustee 2 0 X 0 0 0 Kim S Phipps President 40 X X 345597 0 75868 David S Walker VP for Finance and Planning, Assistant Treasurer 40 X 177200 0 64858 Barry G Goodling VP for Advancement, Assistant Secretary 40 X 178522 0 34365 Randall G Basinger Provost 40 X 182538 0 36333 Kristin M Hansen-Kieffer Vice Provost/Dean of Students 40 X 142652 0 53322 Amanda Coffey Vice President for HR and Compliance 40 X 141871 0 24270 John Chopka Vice President for Enrollment Management 40 X 141680 0 70105 Valerie Olson Director of the Physical Therapy Program 40 X 141841 0 32653 D Kelly Phipps Sen. Adv. to VP of Advmt, Pres & CEO Rider Musser Dev LLC (Listed avg. rep. est. %) 15.00 25.00 X 78672 104550 12242 1530573 104550 404016 35 0 1 0 Wohlsen Construction Company PO Box 4612 Lancaster PA 17604 Construction 11094247 Lobar Associates PO Box 432 Dillsburg PA 170190432 Construction 1320266 Spillman Farmer Shoemaker Pell Whildin PC 1720 Spillman Dr Bethlehem PA 18015 Architectural 239046 Derck & Edson Associates LLP Land Planners 33 S Broad St Lititz PA 17543 Construction 211614 Edwin L Heim Company 1918 Greenwood St Harrisburg PA 17105 Construction 204581 3 0 0 25000 0 963551 12637182 821723 13625733 Tuition &Fees 611310 99191869 99191869 0 0 Auxiliary and Other 611310 22112532 0 32422 22080110 Registration & Other Fees 611710 2238680 2167225 71455 0 0 0 0 0 123543081 5047569 0 -16743 5064312 0 0 0 0 163800 0 0 163800 39375 0 5092 0 34283 0 34283 0 0 34283 97643750 0 89838083 0 7805667 0 7805667 0 0 7805667 11000 25000 9012 1988 0 1988 Earned Discounts 900099 401265 0 0 401265 Management and Consulting Fees 900099 25815 0 0 25815 Cost Recovery 900099 101098 0 0 101098 186299 0 0 186299 714477 150936598 101359094 87134 35864637 39084562 39084562 1876485 1876485 897387 197522 417986 281879 44439135 37296879 6108858 1033398 2820653 2280816 462116 77721 11046625 8627969 2243362 175294 3212763 2621218 515399 76146 0 0 0 0 46743 300 39930 6513 88293 2100 86193 0 0 0 0 0 616770 616770 2818218 2069783 717904 30531 1069871 941567 121812 6492 2888703 2521222 224559 142922 1761219 1713996 25381 21842 0 0 0 0 5775657 5150659 582512 42486 3968318 3439711 430311 98296 0 0 0 0 633131 411960 185094 36077 1806371 1792816 13555 0 0 0 0 0 12026542 10735610 1290932 0 797872 92572 705300 0 Off Campus Programs 1426183 1426183 0 0 Purchases for Resale 3812626 3692272 120354 0 Contributions, program awards and related 207023 170398 36625 0 Other expenses 144385 68143 75035 1207 0 143265535 126214743 15019988 2030804 91893 96306 12569010 7189571 2362073 7388463 2196597 2425665 13667 3667 572691 573951 1244491 1282122 349609920 193253487 157577323 156356433 130888795 130319921 15793633 22092981 2854785 2909511 3925366 9298328 330090324 339936919 8597786 8742209 2502162 2503950 2899118 2994768 64871598 68743571 7501706 7225498 86372370 90209996 X 193954585 192294110 13045825 18771598 36717544 38661215 243717954 249726923 330090324 339936919 X 7671063 -1721212 0 0 0 59118 X 0 1 X 1 1 1 X 9920021 7509276 8428745 6424005 13600733 45882780 0 0 0 0 0 0 0 0 0 0 0 0 9920021 7509276 8428745 6424005 13600733 45882780 45882780 5148006 5802544 3820665 3228030 5267487 23266732 0 0 0 0 0 0 229297 237805 380943 771415 714476 2333936 71483448 101381871 0.64187 0.4948 X Schedule A, Part II, Line 10 Other income includes earned discounts, cost recovery, management fees, and other miscellaneous revenue. 0 0 X X X 0 134533809 1571236 9463478 1335956 5909610 0 138322957 126049512 3078387 12593002 1248678 5938414 0 134533809 131124490 3208675 -1135867 1148120 5999666 0 126049512 136764981 2158722 -723925 1221402 5853886 0 131124490 123524660 3209038 16771582 0 6740299 0 136764981 0.7 0.23 0.07 0 0 0 2823740 2823740 0 262436624 126595571 135841053 0 2739513 266888 2472625 0 78475176 66391028 12084148 0 3134867 0 3134867 156356433 0 0 Private equity, venture capital, and hedge funds 7542212 F Local real estate development company 12111966 F Real assets - fund of funds and funds held in trust and other 1609619 F Investments - Accrued net income receivable 829184 F 22092981 0 Student Deposits 1482915 Funds Held in Custody for Others 66487 Deferred Revenue 1479829 Annuities Payable 3892121 Funds Held in Trust for Others 304146 7225498 X 107710787 -1721212 0 0 -41518702 -43239914 150950701 0 -14103 -14103 150936598 101701818 0 0 0 14103 14103 101687715 0 41577820 41577820 143265535 Schedule D, Part III, Line 1 Certain natural history, artwork and other collections are maintained by the College. As permitted by generally accepted accounting principles, the College has not capitalized its donated collections as assets within the Financial Statements. Schedule D, Part III, Line 4 In addition to promoting an engaging campus community, natural history, artwork and other collections are maintained as an educational resource for students and for public display. Schedule D, Part V, Line 4 The College uses endowment funds to manage long-term gifts according to donor intent. In accordance with Pennsylvania law a certain percentage of the endowment is spent per year. Program services, operations and scholarships are funded through the investment income generated by the endowment. Schedule D, Part X, Line 2 The College qualifies as a tax-exempt, nonprofit organization under Section 501(c)(3) of the Internal Revenue Code. Accordingly, there is no provision for federal or state income taxes. 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. Measurement of the tax uncertainty occurs if the recognition threshold has been met. Management determined there were no tax uncertainties that met the threshold at June 30, 2018 and 2017. The College's federal returns of Organizations Exempt from Income Tax and Exempt Organization Business Income Tax remain subject to examination by the IRS for the years subsequent to June 30, 2014. The College's policy is to recognize interest related to unrecognized tax benefits in interest expense and penalties in operating expenses. Schedule D, Part XI, Line 2d Includes financial aid of $40,961,047 presented as contra revenue for financial statements and $616,773 of investment expenses net within investment income, and $59,118 change in the value of split interest and beneficial interest in perpetual trusts. Schedule D, Part XI, Line 4b Includes $5,092 rental expenses and $9,011 fundraising event expenses. Schedule D, Part XII, Line 2d Includes ($5,092) rental expenses presented as contra rental income and ($9,011) fundraising event expenses presented as contra fundraising event income. Schedule D, Part XII, Line 4b Includes financial aid of $40,961,047 presented as contra revenue in the financial statements, and $616,778 of investment expenses net within investment income. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 Racially non-discriminatory policy is described in catalogs, brochures, recruiting activities, and websites. Schedule E, Part I, Line 6 Federal funds are primarily received for Student Financial Aid programs including the Federal Pell, FSEOG, Work Study, Perkins, Nursing Loan and Direct Loan Programs. 1 East Asia and the Pacific 0 0 Program Services IBI-Academic 109577 Europe (including Iceland and Greenland) 0 0 Program Services IBI - Academic 261298 Middle East and North Africa 0 0 Program Services IBI - Academic 50574 Russia and the newly independent States 0 0 Program Services IBI - Academic 42145 South Asia 0 0 Program Services IBI - Academic 126434 Central America and the Caribbean 0 0 Program Services Collaboratory Student Trip 24419 North America (including Canada and Mexico, but not the United States) 0 0 Program Services Collaboratory student trip 4831 Sub-Saharan Africa 0 0 Program Services Collaboratory Student Trip 45299 Central America and the Caribbean 0 0 Program Services Student Cross-Cultural Trip 106399 East Asia and the Pacific 0 0 Program Services Student Cross-Cultural Trip 96475 Europe (including Iceland and Greenland) 0 0 Program Services Student Cross-Cultural Trip 378063 North America (including Canada and Mexico, but not the United States) 0 0 Program Services Student Cross-Cultural Trip -356 South America 0 0 Program Services Student Cross-Cultural Trip 62485 Sub-Saharan Africa 0 0 Program Services Student Cross-Cultural Trip 228063 Central America and the Caribbean 0 0 Investments Investments 490000 East Asia and the Pacific 0 0 Program Services Faculty Development 173 Europe (including Iceland and Greenland) 0 0 Program Services Faculty Development 6960 Middle East and North Africa 0 0 Program Services Faculty Development 777 North America (including Canada and Mexico, but not the United States) 0 0 Program Services Faculty Development 927 Central America and the Caribbean 0 0 Program Services International Recruiting Travel 2068 East Asia and the Pacific 0 0 Program Services International Recruiting Travel 10930 Europe (including Iceland and Greenland) 0 0 Program Services International Recruiting Travel 12898 Central America and the Caribbean 0 0 Program Services Study abroad scholarship/aid 21765 East Asia and the Pacific 0 0 Program Services Study abroad scholarship/aid 415175 Europe (including Iceland and Greenland) 0 0 Program Services Study abroad scholarship/aid 915750 South America 0 0 Program Services Study abroad scholarship/aid 153790 Sub-Saharan Africa 0 0 Program Services Study abroad scholarship/financial aid 370005 0 0 3936924 Financial Aid Central America and the Caribbean 1 21765 N/A 0 Fair Market Value Financial Aid East Asia and the Pacific 19 415175 N/A 0 Fair Market Value Financial Aid Europe (including Iceland and Greenland) 42 915750 N/A 0 Fair Market Value Financial Aid South America 7 153790 N/A 0 Fair Market Value Financial Aid Sub-Saharan Africa 17 370005 N/A 0 Fair Market Value 0 0 1 0 1 0 Schedule F, Part I, Line 1 Significant activities which are separately budgeted and nonUS expenses directly incurred by the College are listed within Schedule F. The College also participates with other organizations to provide service learning and sports mission opportunities to students. Locations vary year to year. FY2018 included travel in Central America, South America, Sub-Saharan Africa, and Eastern Asia and Pacific. Schedule F, Part I, Line 2 Student financial need is substantiated based on information provided in the Free Application for Federal Student Aid - FAFSA. Additionally, some aid is given based on High School GPA or standardized test (SAT or ACT) scores. Title IV funds are handled in accordance with applicable provisions. The Financial Aid program is audited in compliance with the Federal OMB A-133 guidelines and no deficiencies were found during the time period covered by this filing. Schedule F, Part IV Although the College has investments in foreign corporation/partnerships, transactions for FY2018 do not meet thresholds for additional reporting. Golf Classic 36000 25000 11000 0 0 0 2181 0 6831 0 0 36000 25000 11000 0 0 0 2181 0 6831 9012 1988 1 Financial Aid 2353 38982659 0 Actual Disbursement Amount See Schedule I, Part IV, Statement 1 Schedule I, Part I, Line 2 Student financial need is substantiated based on information provided in the Free Application for Federal Student Aid -- FAFSA. Additionally some aid is given based on High School GPA or standardized test (SAT or ACT) scores. Title IV funds are handled in accordance with applicable provisions. The Financial Aid program is audited in compliance with the Federal OMB A-133 guidelines and no deficiencies were found during the time period covered by this filing. X X X X 1 1 X X X 0 0 0 0 0 0 0 0 0 Kim S Phipps President 325764 0 0 0 19833 0 24300 0 51568 0 421465 0 0 David S Walker VP for Finance and Planning, Assistant Treasurer 172458 0 0 0 4742 0 11014 0 53844 0 242058 0 Barry G Goodling VP for Advancement, Assistant Secretary 161829 0 0 0 16692 0 15379 0 18987 0 212887 0 0 Randall G Basinger Provost 178420 0 0 0 4118 0 17126 0 19207 0 218871 0 0 Kristin M Hansen-Kieffer Vice Provost/Dean of Students 139245 0 0 0 3407 0 12726 0 40596 0 195974 0 0 Amanda Coffey Vice President for Human Resources and Compliance 138515 0 0 0 3356 0 12744 0 11526 0 166141 0 0 Valerie Olson Director of the Physical Therapy Program 129875 0 0 0 11966 0 12517 0 20136 0 174494 0 0 John Chopka Vice President for Enrollment Management 134599 0 0 0 7081 0 12882 0 57223 0 211785 0 D Kelly Phipps Senior Advisor to VP of Advancement, Pres & CEO Rider Musser Dev LLC 78517 104550 0 0 155 0 7152 10455 5090 0 90914 115005 Schedule J, Part I, Line 1a The President is provided housing as a condition of employment for the convenience of the College. The cost of housing is excluded from compensation under IRC Section 119(d). Maintenance, landscaping and housekeeping of this College owned property is provided by the College consistent with all College owned property. Tax indemnification and gross ups: The College includes the tax payment (gross up) for certain payments within an individual's taxable income. Private club dues: The College pays for membership dues at a club for the primary purpose to host College business guests. Companion travel: Companion travel is approved on a limited basis. Payment for companion travel with no primary business purpose is considered taxable and included in an employee's compensation. In the event the companion is an employee and/or invited to accompany traveling employee for the primary benefit of the College, travel is excluded from compensation. The College's expense reimbursement guidelines for supporting documentation are followed for companion travel reimbursement. A PHEFA Revenue Bonds Series 2012 LL3 232243852 70917R8H1 2012-11-14 12333026 See Part VI 0 0 0 B Cumberland County Municipal Authority AICUP Financing Program - Series 2014 T1 236003119 230614GU7 2014-05-21 4744305 See Part VI 0 0 0 C Cumberland County Municipal Authority AICUP Financing Program - Series 2015 NN1 236003119 230614JL4 2015-09-10 11227238 See Part VI 0 0 0 D Cumberland County Municipal Authority AICUP Financing Program - Series 2016 001 236003119 230614KMO 2016-05-12 16327132 See Part VI 0 0 0 A 2870000 0 12333026 0 0 0 130269 0 0 1615859 10586898 0 2013 0 1 1 1 B 0 0 4744305 0 0 0 84896 0 0 4669419 0 0 2015 0 0 1 1 C 0 0 11227238 0 0 0 224544 0 0 11002694 0 0 2017 0 0 1 1 D 0 0 16327132 0 0 0 326542 0 0 16000590 0 0 2017 0 0 1 1 A 0 0 0 0 0 0 0 0 0 1 B 0 0 0 0 0 0 0 0 0 1 C 0 0 0 0 0 0 0 0 0 1 D 0 0 0 0 0 0 0 0 0 1 A 0 0 1 0 0 0 0 0 1 B 0 0 1 0 1 0 0 0 1 C 0 0 1 0 0 0 0 0 1 D 0 0 1 0 0 0 0 0 1 A 1 B 1 C 1 D 1 A Cumberland County Municipal Authority AICUP Financing Program - Series 2018 QQ2 236003119 230614MR7 2018-06-28 6057533 See Part VI 0 0 0 A 0 0 6057533 0 0 0 118518 0 0 619024 0 5319990 2019 0 0 0 1 A 0 0 0 0 0 0 0 0 0 1 A 0 1 0 0 0 0 0 0 1 A 1 John Chopka Vice President for Enrollment Management Graduate Aid X 51167 3667 0 0 1 3667 Various Interested Persons Dependent of Board of Trustee 49500 Scholarships Student financial aid for dependents of Board of Trustee J Gary Langmuir Shareholder - Wohlsen Construction 3314871 Service Provider - Construction Services 0 Larry Bashore President - Edwin L. Heim Company 173105 Service Provider - Mechanical Electrical Construction 0 D Kelly Phipps Husband of President 115005 Compensation - Rider Musser Development LLC 0 Scott Keiffer Spouse Interested Person 97757 Compensation 0 D Kelly Phipps Husband of President 80258 Compensation - Messiah College FY 0 Deborah Chopka Spouse of Interested Person 17720 Compensation 0 Beverly Goodling Spouse of Officer 10685 Compensation 0 Schedule L, Part IV Schedule L, Part IV - Compensation presented within Schedule L is per the respective organization tax year and represents activity greater than $10,000. Messiah College's fiscal year is 6/30 and Rider Musser Development LLC's fiscal year end is 12/31. Service Provider - Payments to service providers of the College meeting disclosure threshold. Compensation - Messiah College: Compensation is considered fair market value and is determined pursuant to the respective organization's Human Resources compensation practices. Listed individuals are not supervised by their respective spouse. Compensation - Rider Musser: Rider Musser Development LLC is a for profit corporation whose purpose, as described on their website, is to create a new residential neighborhood and business park that will generate tax revenue and jobs, while enhancing the community by offering conveniences to local residents, as well as students and faculty of nearby Messiah College. Rider Musser Development Corporation LLC is presented in the College's financial statements as one of its real estate related investments. The College's investment in Rider Musser Development LLC was approved by the College's Board of Trustees in keeping with the College's conflict of interest policy. Although Messiah College is the primary investor (as of the date of this return), Rider Musser Development LLC is a separate entity and seeks to maintain an "arms length" relationship with the College. Rider Musser Development LLC is governed by a joint resolution and operating agreement which delegates powers of Messiah College to an independent Board of Directors as allowed under Pennsylvania law. X 2 Market Rates X 20 479890 Stock Exchange X 2 171826 Appraisal X Construction materials 3 170001 Market rates X Equipment and fixtures 5 5 Market rates 0 0 1 1 Schedule M, Part I, Line 32b Schedule M, Part I, Line 32b - Yes, an independent appraisal from a reliable third-party is used for certain significant donations such as property. Form 990, Part VI, Section A, Line 2 Family relationship with Other Officer, Trustee, or Key Employee: President Kim Phipps - married to employee; Randall Basinger - married to employee; Barry Goodling - married to employee; Kristin Hansen-Kieffer - married to employee. Compensation amounts paid to employees are shown on Schedule L. Amounts were paid at fair market value and are consistent with levels of compensation that would have been paid to other parties had they rendered these services to the College, regardless of relation. Business relationship with other Officer, Trustee, Key Employee and/or with Messiah College as disclosed on Schedule L: Larry Bashore, Trustee is the President of the Edwin L Heim Company which provides electrical and mechanical construction and maintenance services to the College, Gary Langmuir, Trustee is the President and CEO of Wohlsen Construction Company which provides construction services to the College. Other Family and/or Business Relationships not requiring disclosure on Schedule L: (All transactions follow the College's procurement and conflict of interest policies, which may include competitive bidding, etc.) Linda Eremita, Trustee - manager of Higher Education practice at George K Baum, Financial Advisor for debt issuance and re-marketing agent for College's multi-mode bonds. Linden K Hustedt, Trustee - employer provides broker/consulting services to the College. Richard E Jordan II, Trustee CEO of L.B. Smith Ford Lincoln occasionally sells or leases vehicles to the College. George A. Parmer - Trustee, is a Director of a company held by Messiah College as an investment. Scott Heintzelman, Trustee - employer sells food products to the College. James A Martin, Trustee - employer sells food products to the College. D Kelly Phipps, spouse of President, serves as President and CEO of company held by Messiah College as an investment for which he received compensation as detailed on Schedule L. Form 990, Part VI, Section B, Line 11b Form 990 is prepared by Messiah College and is reviewed by College management for completeness and accuracy. On a bi-annual basis, the College engages an external accounting firm to review the Form. Prior to filing, Form 990 is reviewed by the Assurance Committee and made available to all members of the Board of Trustees via the College's portal for Board materials. Form 990, Part VI, Section B, Line 12c The College monitors and enforces compliance with its conflict of interest policy through an annual disclosure process. Each Trustee and Officer of Messiah College completes a disclosure statement which certifies that they have reviewed the College's Conflict of Interest Policy and discloses personal, familial, and/or business relationships that may in fact or appearance give rise to a conflict of interest. If an actual, potential or apparent conflict arises between the annual filings of the disclosure statements the Trustee or Officer is required to promptly and fully disclose the potential conflict to the Chairperson of the Board. Each actual or potential conflict is addressed on a case-by-case basis by the Chairperson in consultation with the Assurance Committee. The Chairperson and Assurance Committee shall determine if the payments to be made are fair and reasonable, or if otherwise required by the Bylaws and if deemed advisable, refer the transaction to a vote of the Board of Trustees. A Trustee or Officer who is deemed to have a conflict of interest is disqualified from participating in the portion of any meeting of the Board of Trustees which authorizes the contract or other transaction. Form 990, Part VI, Section B, Line 15 The Executive Committee of the Board of Trustees reviews the President's performance and recommends a compensation package to the Board of Trustees for approval. The President reviews performance and approves compensation packages for the Provost and Vice Presidents. To assess reasonableness of compensation, the College participates in executive and leadership compensation surveys as well as other general compensation surveys. Participating in the survey provides access to comparative data which is used to determine a comparative median and compensation range. Compensation decisions are reflected in the President's employment agreement and in salary letters for Officers and Employees. Form 990, Part VI, Section C, Line 19 Messiah College makes its Bylaws, Conflict of Interest Policy and Financial Statements available to the public via its website found at www.messiah.edu. Additional governing documents are available upon request. Form 990, Part XI, Line 9 Other Changes in net assets of $59,118 includes $(341,535) change in value of split interest agreements, charitable gift annuities and trusts of $347,899 and beneficial interest in perpetual trusts of $52,754. Charitable Unitrusts (12) Messiah College One College Avenue Mechanicsburg PA 17055 Trust PA N/A T 0 Rider Musser Development LLC 5 Kacey Ct Ste 204 Mechanicsburg PA 17055 465723360 Real Estate Development/Leasing PA Messiah College C 12111966 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 Rider Musser Development LLC r 11426893 cash and land fair market value - continue to be included as investment on balance sheet Automatic 6 month extension requested via Form 8868. Return due 5/15/19.